$WRPT
WARPSPEED TAXI INC.

2024 Q3 Form 10-K Financial Statement

#000139390524000320 Filed on September 05, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 2023
Revenue $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $84.41K
YoY Change -77.79%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $84.41K
YoY Change -77.79%
Operating Profit
YoY Change
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$84.41K
YoY Change -77.79%
Income Tax
% Of Pretax Income
Net Earnings -$129.1K -$84.41K
YoY Change 52.97% -77.92%
Net Earnings / Revenue
Basic Earnings Per Share $0.00 $0.00
Diluted Earnings Per Share $0.00
COMMON SHARES
Basic Shares Outstanding 139.9M shares 139.9M shares 239.6M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2024 Q3 2024 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $20.00
YoY Change -99.8%
Cash & Equivalents $39.00
Short-Term Investments
Other Short-Term Assets $15.00K
YoY Change -25.0%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $15.04K $15.02K
YoY Change 0.15% -49.93%
LONG-TERM ASSETS
Property, Plant & Equipment $222.1K
YoY Change 11.09%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $222.1K $200.0K
YoY Change 11.09% -37.52%
TOTAL ASSETS
Total Short-Term Assets $15.04K $15.02K
Total Long-Term Assets $222.1K $200.0K
Total Assets $237.2K $215.0K
YoY Change 10.32% -38.58%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $34.95K
YoY Change -75.04%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $81.27K $34.95K
YoY Change 132.5% -75.04%
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 $81.27K $34.95K
Total Long-Term Liabilities $0.00
Total Liabilities $81.27K $34.95K
YoY Change 132.5% -75.04%
SHAREHOLDERS EQUITY
Retained Earnings -$616.0K
YoY Change 26.52%
Common Stock $13.99K
YoY Change -41.59%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $155.9K $180.0K
YoY Change
Total Liabilities & Shareholders Equity $237.2K $215.0K
YoY Change 10.32% -38.58%

Cashflow Statement

Concept 2024 Q3 2024 2023
OPERATING ACTIVITIES
Net Income -$129.1K -$84.41K
YoY Change 52.97% -77.92%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$82.81K -$188.3K
YoY Change -56.02% -66.08%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $118.2K
YoY Change
Cash From Investing Activities -$22.17K $118.2K
YoY Change -118.75% -941.74%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$9.965K $22.00
YoY Change -45395.45% -108.24%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $105.0K $57.00K
YoY Change 84.21% -89.91%
NET CHANGE
Cash From Operating Activities -$82.81K -$188.3K
Cash From Investing Activities -$22.17K $118.2K
Cash From Financing Activities $105.0K $57.00K
Net Change In Cash $23.00 -$13.08K
YoY Change -100.18% 218.8%
FREE CASH FLOW
Cash From Operating Activities -$82.81K -$188.3K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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CY2024 dei Entity File Number
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CY2024 dei Entity Registrant Name
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WARPSPEED TAXI INC.
CY2024 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
WY
CY2024 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
85-3978107
CY2024 dei Entity Address Address Line1
EntityAddressAddressLine1
Shiriki House Office Community
CY2024 dei Entity Address Address Line2
EntityAddressAddressLine2
Lower Kabete Road
CY2024 dei Entity Address Address Line3
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Westlands
CY2024 dei Entity Address City Or Town
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Nairobi
CY2024 dei Entity Address Country
EntityAddressCountry
KE
CY2024 dei Entity Address Postal Zip Code
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CY2024 dei City Area Code
CityAreaCode
702
CY2024 dei Local Phone Number
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605-4080
CY2024 dei Entity Well Known Seasoned Issuer
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OLAYINKA OYEBOLA & CO.
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<p style="font:10pt Times New Roman;margin:0;text-align:justify"><b>1. NATURE AND CONTINUANCE OF OPERATIONS</b></p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">WarpSpeed Taxi Inc. (the “Company”) was incorporated in the state of Wyoming on November 18, 2020 (“Inception”). The Company is a development stage company that is currently developing a ride-hailing and food delivery computer and mobile device application known as “WarpSpeed Taxi”. The Company’s fiscal year-end is July 31.</p>
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<p style="font:10pt Times New Roman;margin:0;text-align:justify"><b>Use of Estimates and Assumptions</b></p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the period. Actual results could differ from those estimates.</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">Due to the limited level of operations, the Company has not had to make material assumptions or estimates other than the assumption that the Company is a going concern.</p>
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Files In Submission

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