2024 Q4 Form 10-Q Financial Statement

#000168316824007249 Filed on October 21, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3 2024 Q2
Revenue $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $177.1K
YoY Change 70.44%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $93.00 $140.00
YoY Change -59.57% -39.13%
% of Gross Profit
Operating Expenses $60.64K $177.1K
YoY Change -21.8% 70.44%
Operating Profit -$60.64K
YoY Change -21.8%
Interest Expense $251.6K
YoY Change -42.17%
% of Operating Profit
Other Income/Expense, Net -$144.3K
YoY Change -133.51%
Pretax Income -$204.9K $74.51K
YoY Change -158.04% -77.5%
Income Tax $0.00 $0.00
% Of Pretax Income 0.0%
Net Earnings -$204.9K $74.51K
YoY Change -158.04% -77.5%
Net Earnings / Revenue
Basic Earnings Per Share $0.00
Diluted Earnings Per Share $0.00 $0.00
COMMON SHARES
Basic Shares Outstanding 3.326B shares 3.888B shares 1.411B shares
Diluted Shares Outstanding 3.326B shares

Balance Sheet

Concept 2024 Q4 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $0.00
YoY Change
Cash & Equivalents $0.00 $0.00
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $642.00 $735.00
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $0.00 $0.00
YoY Change -100.0%
LONG-TERM ASSETS
Property, Plant & Equipment $740.00
YoY Change -20.43%
Goodwill
YoY Change
Intangibles $11.17K $11.17K
YoY Change 7.72% 7.72%
Long-Term Investments $6.200M
YoY Change 0.0%
Other Assets $6.247M $6.247M
YoY Change 0.12% 0.12%
Total Long-Term Assets $6.247M $6.247M
YoY Change 0.12% 0.12%
TOTAL ASSETS
Total Short-Term Assets $0.00 $0.00
Total Long-Term Assets $6.247M $6.247M
Total Assets $6.247M $6.247M
YoY Change 0.12% 0.12%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $77.07K $77.07K
YoY Change 13.95% 52.13%
Accrued Expenses $2.230M
YoY Change 29.38%
Deferred Revenue
YoY Change
Short-Term Debt $3.517M
YoY Change -1.09%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $6.236M $6.031M
YoY Change 3.7% -5.28%
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $6.236M $6.031M
Total Long-Term Liabilities $0.00
Total Liabilities $6.236M $6.031M
YoY Change 3.7% -5.28%
SHAREHOLDERS EQUITY
Retained Earnings -$15.07M -$14.86M
YoY Change 5.04% 1.13%
Common Stock $332.6K $332.6K
YoY Change 339.52% 339.52%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $11.49K $216.4K
YoY Change
Total Liabilities & Shareholders Equity $6.247M $6.247M
YoY Change 0.12% 0.12%

Cashflow Statement

Concept 2024 Q4 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income -$204.9K $74.51K
YoY Change -158.04% -77.5%
Depreciation, Depletion And Amortization $93.00 $140.00
YoY Change -59.57% -39.13%
Cash From Operating Activities -$546.00 $14.40K
YoY Change 62.02% -119.43%
INVESTING ACTIVITIES
Capital Expenditures $0.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change -100.0%
Cash From Investing Activities $0.00 $0.00
YoY Change -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $546.00 -16.57K
YoY Change 20.26% -120.96%
NET CHANGE
Cash From Operating Activities -$546.00 14.40K
Cash From Investing Activities $0.00 0.000
Cash From Financing Activities $546.00 -16.57K
Net Change In Cash $0.00 -2.170K
YoY Change -100.0% 4240.0%
FREE CASH FLOW
Cash From Operating Activities -$546.00 $14.40K
Capital Expenditures $0.00
Free Cash Flow $14.40K
YoY Change

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CY2024Q3 TMGI Notes Payable To Related Parties Current
NotesPayableToRelatedPartiesCurrent
2082715 usd
CY2024Q2 TMGI Notes Payable To Related Parties Current
NotesPayableToRelatedPartiesCurrent
2082315 usd
CY2024Q3 TMGI Notes Payable To Related Parties Noncurrent
NotesPayableToRelatedPartiesNoncurrent
0 usd
CY2024Q2 TMGI Notes Payable To Related Parties Noncurrent
NotesPayableToRelatedPartiesNoncurrent
0 usd
CY2024Q3 us-gaap Derivative Liability Notional Amount
DerivativeLiabilityNotionalAmount
599738 usd
CY2024Q3 us-gaap Derivative Liabilities
DerivativeLiabilities
243346 usd
CY2024Q2 us-gaap Derivative Liability Notional Amount
DerivativeLiabilityNotionalAmount
599738 usd
CY2024Q2 us-gaap Derivative Liabilities
DerivativeLiabilities
206113 usd
CY2024Q3 us-gaap Derivative Liabilities
DerivativeLiabilities
243346 usd
CY2024Q2 us-gaap Derivative Liabilities
DerivativeLiabilities
206113 usd
CY2024 us-gaap Debt Conversion Converted Instrument Shares Issued1
DebtConversionConvertedInstrumentSharesIssued1
2265475967 shares
CY2024 us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
350472 usd
CY2024Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

Files In Submission

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0001683168-24-007249-index-headers.html Edgar Link pending
0001683168-24-007249-index.html Edgar Link pending
0001683168-24-007249.txt Edgar Link pending
0001683168-24-007249-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
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R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
tmgi-20240831.xsd Edgar Link pending
tmgi_ex3101.htm Edgar Link pending
tmgi-20240831_cal.xml Edgar Link unprocessable
tmgi-20240831_def.xml Edgar Link unprocessable
tmgi-20240831_lab.xml Edgar Link unprocessable
tmgi-20240831_pre.xml Edgar Link unprocessable
tmgi_ex3201.htm Edgar Link pending
tmgi_i10q-83124.htm Edgar Link pending
tmgi_i10q-83124_htm.xml Edgar Link completed