Atlantis Glory Inc. Files Annual Report on Form 10-K

TL;DR

<b>Atlantis Glory Inc. has filed its 2023 annual report on Form 10-K, detailing financial performance and corporate history.</b>

AI Summary

Atlantis Glory Inc. (AGLY) filed a Annual Report (10-K) with the SEC on March 13, 2024. Atlantis Glory Inc. filed its annual report on Form 10-K for the fiscal year ending December 31, 2023. The company was formerly known as Shengshi Elevator International Holding Group Inc. and Galem Group Inc. The company's business address is in Hong Kong. The filing includes financial data for the fiscal years 2021, 2022, and 2023. Key financial statement elements like preferred stock, common stock, additional paid-in capital, and retained earnings are detailed for these periods.

Why It Matters

For investors and stakeholders tracking Atlantis Glory Inc., this filing contains several important signals. This 10-K filing provides a comprehensive overview of Atlantis Glory Inc.'s financial health and operational status for the fiscal year 2023, crucial for investors assessing the company's performance and future prospects. The report's historical financial data and corporate name changes offer context for understanding the company's evolution and strategic shifts.

Risk Assessment

Risk Level: low — Atlantis Glory Inc. shows low risk based on this filing. The filing is a standard 10-K annual report, indicating routine disclosure rather than an immediate event requiring high risk assessment.

Analyst Insight

Review the detailed financial statements and disclosures within the 10-K to understand Atlantis Glory Inc.'s performance and any potential risks or opportunities.

Key Numbers

• 20231231 — Fiscal Year End (Conformed period of report)
• 20240313 — Filing Date (Filed as of date)
• 20190911 — Date of Name Change (Former company name Shengshi Elevator International Holding Group Inc.)
• 20160502 — Date of Name Change (Former company name Galem Group Inc.)

Key Players & Entities

• Atlantis Glory Inc. (company) — Filer name
• Shengshi Elevator International Holding Group Inc. (company) — Former company name
• Galem Group Inc. (company) — Former company name
• 8742 (dollar_amount) — Standard Industrial Classification code
• NV (company) — State of incorporation
• Hong Kong (company) — Business and mail address city

FAQ

Industry Context

Atlantis Glory Inc. operates within the Services-Management Consulting Services industry, as indicated by its SIC code 8742.

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934, a standard regulatory requirement for public companies in the United States.

What Investors Should Do

1. Analyze the financial statements for revenue, net income, and other key performance indicators.
2. Review any disclosed risk factors or management's discussion and analysis for potential business challenges.
3. Note the company's corporate history, including name changes, for context on its evolution.

Year-Over-Year Comparison

This is the initial analysis of the 2023 10-K filing for Atlantis Glory Inc. Comparative data from previous filings will be available upon further analysis of those documents.

Key Financial Figures

• $2.05 — 336,917,500 based on a closing price of $2.05 as of such date. Solely for purposes of
• $0.001 — s A Preferred Stock with a par value of $0.001. These shares were awarded to Custodian
• $53,679.52 — faction of a judgement in the amount of $53,679.52 and for services performed for the Comp
• $250,000 — Series A Preferred Stock was valued at $250,000 and was based on the current market pri
• $400,000 — e consideration paid for the Shares was $400,000. The source of the cash consideration f

Filing Documents

• form10-k.htm (10-K) — 534KB
• ex31-1.htm (EX-31.1) — 18KB
• ex32-1.htm (EX-32.1) — 5KB
• 0001493152-24-009763.txt (&nbsp;) — 2111KB
• agly-20231231.xsd (EX-101.SCH) — 12KB
• agly-20231231_cal.xml (EX-101.CAL) — 20KB
• agly-20231231_def.xml (EX-101.DEF) — 51KB
• agly-20231231_lab.xml (EX-101.LAB) — 166KB
• agly-20231231_pre.xml (EX-101.PRE) — 132KB
• form10-k_htm.xml (XML) — 128KB

Business

Business 1 Item 1A.

Risk Factors

Risk Factors 5 Item 1B. Unresolved Staff Comments 11 Item 1C. Cybersecurity 11 Item 2.

Properties

Properties 12 Item 3.

Legal Proceedings

Legal Proceedings 12 Item 4. Mine Safety Disclosures 12 PART II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 12 Item 6. RESERVED 12 Item 7.

Management's Discussion and Analysis of Financial Conditions and Results of Operations

Management's Discussion and Analysis of Financial Conditions and Results of Operations 13 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 16 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data F-1 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 17 Item 9A.

Controls and Procedures

Controls and Procedures 17 Item 9B. Other Information 17 Item 9C. Disclosure Regarding Foreign Jurisdiction That Prevents Inspection. 17 PART III Item 10. Directors, Executive Officers, and Corporate Governance 18 Item 11.

Executive Compensation

Executive Compensation 20 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 21 Item 13. Certain Relationships and Related Transactions, and Director Independence 22 Item 14. Principal Accounting Fees and Services 22 PART IV Item 15. Exhibits, Financial Statement Schedules 23 Item 16. Form 10-K Summary 23 i PART I ITEM 1. DESCRIPTION OF BUSINESS As used in this annual report, the terms "we", "us", "our", "the Company", mean Atlantis Glory Inc. unless otherwise indicated. Cautionary Note Regarding Forward-Looking Statements This annual report contains forward-looking statements. These statements relate to future events or our future financial performance. These "anticipate," "estimate," "approximate" or "continue," or the negative thereof. We intend that such forward-looking statements be subject to the safe harbors for such statements. We wish to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Any forward-looking statements represent management's best judgment as to what may occur in the future. However, forward-looking statements are subject to risks, uncertainties and important factors beyond our control that could cause actual results and events to differ materially from historical results of operations and events and those presently anticipated or projected. We disclaim any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statement or to reflect the occurrence of anticipated or unanticipated events. The results anticipated by any or all of these forward-looking statements might not occur. Important factors, uncertainties, and risks that may cause actual results to differ materially from these forward-looking statements include those described in Item 1A. – Risk Factors.

View Full Filing

View this 10-K filing on SEC EDGAR