ADM Endeavors Files Q1 2024 10-Q

TL;DR

ADM Endeavors Q1 10-Q is in. Check financials.

AI Summary

ADM Endeavors, Inc. filed its 10-Q for the period ending March 31, 2024. The filing details financial performance and operational updates for the first quarter of 2024. Specific financial figures and business segment performance are outlined within the report.

Why It Matters

This filing provides investors with the latest financial health and operational status of ADM Endeavors, Inc. as of the end of Q1 2024.

Risk Assessment

Risk Level: low — This is a standard quarterly filing with no immediate red flags or significant negative news.

Key Numbers

• Q1 — Quarter (Reporting period is the first quarter of 2024.)
• 2024-03-31 — End Date (The report covers financial data up to March 31, 2024.)
• 2023-12-31 — Previous Year End (Comparison point for financial data.)

Key Players & Entities

• ADM ENDEAVORS, INC. (company) — Filer
• 20240331 (date) — Period of Report
• 20240520 (date) — Filing Date
• 76117 (dollar_amount) — ZIP Code

FAQ

Key Financial Figures

• $0.001 — 156,637,143 shares of the registrant's $0.001 par value common stock issued, issuable

Filing Documents

• form10-q.htm (10-Q) — 515KB
• ex31-1.htm (EX-31.1) — 12KB
• ex31-2.htm (EX-31.2) — 11KB
• ex32-1.htm (EX-32.1) — 6KB
• ex32-2.htm (EX-32.2) — 6KB
• 0001493152-24-020750.txt ( ) — 3587KB
• admq-20240331.xsd (EX-101.SCH) — 28KB
• admq-20240331_cal.xml (EX-101.CAL) — 46KB
• admq-20240331_def.xml (EX-101.DEF) — 164KB
• admq-20240331_lab.xml (EX-101.LAB) — 256KB
• admq-20240331_pre.xml (EX-101.PRE) — 212KB
• form10-q_htm.xml (XML) — 392KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION 3 ITEM 1. CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) 4 ITEM 2.

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 17 ITEM 3. QUALITATIVE AND QUANTITATIVE DISCLOSURES ABOUT MARKET RISK 19 ITEM 4.

CONTROLS AND PROCEDURES

CONTROLS AND PROCEDURES 19

OTHER INFORMATION

PART II. OTHER INFORMATION 19 ITEM 1.

LEGAL PROCEEDINGS

LEGAL PROCEEDINGS 19 ITEM 1A.

RISK FACTORS

RISK FACTORS 20 ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS 20 ITEM 3. DEFAULTS UPON SENIOR SECURITIES 20 ITEM 4. MINE SAFETY DISCLOSURES 20 ITEM 5. OTHER INFORMATION 20 ITEM 6. EXHIBITS 20 2 PART I – FINANCIAL INFORMATION TABLE OF CONTENTS Index to Financial Statements Page Consolidated Balance Sheets as of March 31, 2024 and December 31, 2023 (unaudited) 4 Consolidated Statements of Operations for the three months ended March 31, 2024 and 2023 (unaudited) 5 Consolidated Statements of Shareholders' Equity for the three months ended March 31, 2024 and 2023 (unaudited) 6 Consolidated Statements of Cash Flows for the three months ended March 31, 2024 and 2023 (unaudited) 7 Notes to the Consolidated Financial Statements (unaudited) 8 3 ITEM 1. FINANCIAL STATEMENTS ADM Endeavors, Inc. and Subsidiaries Consolidated Balance Sheets (Unaudited) March 31, 2024 December 31, 2023 ASSETS Current assets Cash $ 177,964 $ 301,411 Accounts receivable, net 274,117 415,506 Other receivable, related party 19,579 2,399 Inventory 212,830 171,233 Prepaid expenses and other current assets 47,753 27,482 Total current assets 732,243 918,031 Noncurrent assets Property and equipment, net 3,350,027 3,229,200 Right of use asset - operating lease 8,268 16,982 Goodwill 688,778 688,778 Total assets $ 4,779,316 $ 4,852,991 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Accounts payable $ 121,385 $ 38,679 Accounts payable - related party 2,353 17,658 Accounts payable 2,353 17,658 Accrued expenses 299,712 373,047 Income tax payable 16,130 16,130 Current portion of notes payable - secured 69,775 91,667 Current portion of right of use liability - operating lease 8,268 17,814 Convertible note payable 106,092 106,092 Derivative liabilities 221,485 213,569 Total current liabilities 845,200 874,656 Noncurrent liab

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View this 10-Q filing on SEC EDGAR