$TRSO
TRANSUITE.ORG INC.

2024 Q4 Form 10-Q Financial Statement

#000175869924000033 Filed on October 11, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3 2023 Q3
Revenue $9.904K
YoY Change 41.02%
Cost Of Revenue
YoY Change
Gross Profit $9.904K
YoY Change 97.17%
Gross Profit Margin 100.0%
Selling, General & Admin $3.550K
YoY Change -74.09%
% of Gross Profit 35.84%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.250K
YoY Change
% of Gross Profit 42.91%
Operating Expenses $44.06K $5.680K
YoY Change 675.72% -58.54%
Operating Profit -$44.06K $4.229K
YoY Change -1141.88% -51.26%
Interest Expense $1.487K $1.537K
YoY Change -3.25% 90.22%
% of Operating Profit 36.34%
Other Income/Expense, Net $1.487K $1.537K
YoY Change -3.25%
Pretax Income $2.690K
YoY Change -128.35%
Income Tax
% Of Pretax Income
Net Earnings -$45.55K $2.692K
YoY Change -1791.98% -128.38%
Net Earnings / Revenue 27.18%
Basic Earnings Per Share -$0.01 $0.00
Diluted Earnings Per Share $0.00
COMMON SHARES
Basic Shares Outstanding 4.047M shares 4.047M shares 4.047M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2024 Q4 2024 Q3 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $10.82K
YoY Change 661.97%
Cash & Equivalents $10.82K $10.82K
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses $32.64K
Receivables
Other Receivables
Total Short-Term Assets $43.46K $10.82K
YoY Change 301.83% 661.08%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles $45.00K $35.08K
YoY Change 28.27%
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $45.00K $35.08K
YoY Change 28.27% 7.95%
TOTAL ASSETS
Total Short-Term Assets $43.46K $10.82K
Total Long-Term Assets $45.00K $35.08K
Total Assets $88.46K $45.90K
YoY Change 92.73% 35.31%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $99.00 $325.00
YoY Change -69.54% -96.78%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $78.07K
YoY Change 76.31%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $153.6K $78.39K
YoY Change 95.96% 44.15%
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 $153.6K $78.39K
Total Long-Term Liabilities $0.00
Total Liabilities $153.6K $78.39K
YoY Change 95.96% 44.15%
SHAREHOLDERS EQUITY
Retained Earnings -$214.5K -$71.11K
YoY Change 201.7% -232.56%
Common Stock $4.047K $4.047K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$65.16K -$32.49K
YoY Change
Total Liabilities & Shareholders Equity $88.46K $45.90K
YoY Change 92.73% 35.31%

Cashflow Statement

Concept 2024 Q4 2024 Q3 2023 Q3
OPERATING ACTIVITIES
Net Income -$45.55K $2.692K
YoY Change -1791.98% -128.38%
Depreciation, Depletion And Amortization $4.250K
YoY Change
Cash From Operating Activities -$310.00
YoY Change -99.15%
INVESTING ACTIVITIES
Capital Expenditures $0.00
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities $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 10.45K
YoY Change -75.03%
NET CHANGE
Cash From Operating Activities -310.0
Cash From Investing Activities 0.000
Cash From Financing Activities 10.45K
Net Change In Cash 10.14K
YoY Change -328.89%
FREE CASH FLOW
Cash From Operating Activities -$310.00
Capital Expenditures $0.00
Free Cash Flow -$310.00
YoY Change -99.33%

Facts In Submission

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<p id="xdx_807_eus-gaap--NatureOfOperations_zCyyzTtMgeb6" style="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0 9pt"><b>1. <span id="xdx_824_z7FfzMRjGNXi">The Company and Basis of Presentation</span></b></p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Transuite.Org Inc. (the “Company”) was incorporated under the laws of the State of Nevada in June 15, 2018. <span style="color: #151B26">Transuite.Org Inc. offers translation services to individual and large companies and approaches to build tailored linguistic processes around each subject matter and content type. The company handles everything from content creation through translation and layout to content delivery. We also qualify in all the technical aspects of website and software localization. The Company offers the following services: </span></p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #151B26">1. Translation services</p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #151B26">2. Localization services</p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #151B26">3. Multimedia translation services</p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #151B26">4. Desktop Publishing services</p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #151B26"> </p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; color: #151B26">Effective August 28, 2024, Michal Wisniewski, the previous sole officer and director and majority shareholder of Transuite.Org Inc. (the “Company”), entered into a stock purchase agreements for the sale of 3,000,000 shares of Common Stock of the Company, representing approximately 74% of the issued and outstanding shares of Common Stock of the Company as of such date, to 36 Fusion Excellent Group Ltd., a company organized under the laws of the British Virgin Islands, and as such it is able to unilaterally control the election of our board of directors, all matters upon which shareholder approval is required and, ultimately, the direction of our Company.</p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 9pt"> </p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 9pt; text-indent: 0.5in">The Company has elected November 30th as its fiscal year-end.</p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 9pt"><b> </b></p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 20pt; text-indent: -20pt; background-color: white"></p>
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<p id="xdx_841_eus-gaap--RevenueRecognitionAccountingPolicyGrossAndNetRevenueDisclosure_zIhVTd9tX1Hk" style="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0 20pt; text-indent: 27pt"><i><span id="xdx_861_zC0Glwr5PyN3">Revenue</span></i></p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 45pt">The Company recognizes revenue in accordance with Accounting Standards Codification (“ASC”) 606, “Revenue from Contracts with Customers”. The core principle of ASC 606 is that an entity recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services.</p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 45pt"> </p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 45pt"> </p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">9<br/> </p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">An entity recognizes revenue in accordance with that core principle by applying the following steps: Step 1: Identify the contract with the customer. Step 2: Identify the performance obligations in the contract. Step 3: Determine the transaction price. Step 4. Allocate the transaction price. Step 5: Recognize revenue when (or as) the entity satisfies a performance obligation.</p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company’s revenues are recognized at a point-in-time as translated material is transferred at a distinct point in time per the terms of a contract. The Company shall not be liable for any failure to perform its obligations if such failure is due to circumstances beyond its reasonable control. Any liability of the Company shall be limited to the total of all amounts paid by the customer for services under the contract.</p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company collects payment from customers prior to transferring the translated material and may require deposits from customers at the time an order is placed. When deposits are collected prior to transferring the translated material, the Company recognizes deferred revenue until the transfer is made. During the nine months ended August 31, 2024 and 2023, we have generated $0 and $28,509 revenue<span style="color: #151B26">, respectively</span>.</p>
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CY2023Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
123483 usd
us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
0 usd
CY2024Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
4046760 shares

Files In Submission

Name View Source Status
0001758699-24-000033-index-headers.html Edgar Link pending
0001758699-24-000033-index.html Edgar Link pending
0001758699-24-000033.txt Edgar Link pending
0001758699-24-000033-xbrl.zip Edgar Link pending
ex31_1.htm Edgar Link pending
ex32_1.htm 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
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R2.htm Edgar Link pending
R3.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
trso-20240831.xsd Edgar Link pending
trso_10q31082024.htm Edgar Link pending
trso-20240831_cal.xml Edgar Link unprocessable
trso-20240831_def.xml Edgar Link unprocessable
trso-20240831_lab.xml Edgar Link unprocessable
trso-20240831_pre.xml Edgar Link unprocessable
trso_10q31082024_htm.xml Edgar Link completed