reAlpha Tech Corp. Files Quarterly Report on Form 10-Q

TL;DR

<b>reAlpha Tech Corp. has filed its quarterly report for Q1 2024, confirming its status as a smaller reporting company and emerging growth company.</b>

AI Summary

reAlpha Tech Corp. (AIRE) filed a Quarterly Report (10-Q) with the SEC on April 19, 2024. reAlpha Tech Corp. filed a Form 10-Q for the quarterly period ended March 31, 2024. The company is incorporated in Delaware and has its principal executive offices in Dublin, Ohio. AIRE is the trading symbol for reAlpha Tech Corp.'s common stock, listed on The Nasdaq Stock Market LLC. The filing indicates reAlpha Tech Corp. is a non-accelerated filer, a smaller reporting company, and an emerging growth company. The company has submitted all required reports for the preceding 12 months and has been subject to filing requirements for the past 90 days.

Why It Matters

For investors and stakeholders tracking reAlpha Tech Corp., this filing contains several important signals. This filing provides an update on the company's financial performance and operational status for the first quarter of 2024. As an emerging growth company, reAlpha Tech Corp. may utilize extended transition periods for new accounting standards, impacting how its financial statements are presented.

Risk Assessment

Risk Level: low — reAlpha Tech Corp. shows low risk based on this filing. The filing is a standard quarterly report (10-Q) and does not contain new material events or significant financial disclosures that would indicate a change in risk profile.

Analyst Insight

Monitor future 10-Q and 10-K filings for detailed financial performance and strategic updates from reAlpha Tech Corp.

Key Numbers

• 001-41839 — Commission File Number (SEC)
• 86-3425507 — IRS Employer Identification No. (Company Tax ID)
• 2024-03-31 — Quarterly Period End Date (Form 10-Q)

Key Players & Entities

• reAlpha Tech Corp. (company) — Registrant name
• AIRE (company) — Trading Symbol
• The Nasdaq Stock Market LLC (company) — Exchange where AIRE is registered
• Delaware (company) — State of incorporation
• Dublin, OH (company) — Address of principal executive offices
• March 31, 2024 (date) — Quarterly period ended

FAQ

Industry Context

reAlpha Tech Corp. operates in the real estate sector, specifically focusing on real estate asset management.

Regulatory Implications

The company is subject to the reporting requirements of the Securities Exchange Act of 1934, including filing quarterly reports (Form 10-Q).

What Investors Should Do

1. Review the full 10-Q filing for detailed financial statements and management's discussion and analysis.
2. Track future filings for updates on operational performance and strategic initiatives.
3. Analyze the company's classification as a smaller reporting company and emerging growth company for potential implications on disclosure requirements.

Key Dates

• 2024-03-31: Quarterly period ended — The period covered by this 10-Q filing.
• 2024-04-19: Filing Date — Date the 10-Q was filed with the SEC.

Year-Over-Year Comparison

This is a standard quarterly report filing and does not provide direct comparison data to a previous filing within this JSON output.

Key Financial Figures

• $0.001 — 91 shares of common stock, par value of $0.001 per share, outstanding. TABLE OF CONTE

Filing Documents

• ea0203985-10q_realpha.htm (10-Q) — 531KB
• ea020398501ex31-1_realpha.htm (EX-31.1) — 10KB
• ea020398501ex31-2_realpha.htm (EX-31.2) — 10KB
• ea020398501ex32-1_realpha.htm (EX-32.1) — 5KB
• 0001213900-24-034518.txt (&nbsp;) — 3424KB
• rtc-20240331.xsd (EX-101.SCH) — 39KB
• rtc-20240331_cal.xml (EX-101.CAL) — 31KB
• rtc-20240331_def.xml (EX-101.DEF) — 161KB
• rtc-20240331_lab.xml (EX-101.LAB) — 299KB
• rtc-20240331_pre.xml (EX-101.PRE) — 157KB
• ea0203985-10q_realpha_htm.xml (XML) — 287KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION 1 Item 1.

Financial Statements

Financial Statements 1 Unaudited Condensed Consolidated Balance Sheets as of March 31, 2024 and December 31, 2023 1 Unaudited Condensed Consolidated Statements of Operations for the Three Months ended March 31, 2024 and 2023 2 Unaudited Condensed Consolidated Statements of Stockholders' Equity (Deficit) for the Three Months ended March 31, 2024 and 2023 3 Unaudited Condensed Consolidated Statements of Cash Flows for the Three Months ended March 31, 2024 and 2023 4 Notes to Unaudited Condensed Consolidated Financial Statements 5 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 13 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 20 Item 4.

Controls and Procedures

Controls and Procedures 20

OTHER INFORMATION

PART II. OTHER INFORMATION 21 Item 1.

Legal Proceedings

Legal Proceedings 21 Item 1A.

Risk Factors

Risk Factors 21 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 21 Item 3. Defaults Upon Senior Securities 21 Item 4. Mine Safety Disclosures 21 Item 5. Other Information 21 Item 6. Exhibits 22

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements REALPHA TECH CORP. Condensed Consolidated Balance Sheet March 31, 2024 and December 31, 2023 March 31, 2024 December 31, 2023 (Unaudited) ASSETS Current Assets Cash $ 4,838,146 $ 6,456,370 Accounts receivable 12,167 30,630 Prepaid expenses 217,303 242,795 Other current assets 672,287 670,499 Total current assets 5,739,903 7,400,294 Property and Equipment, at cost Property and equipment, net 27,894 328,539 Other Assets Investments 115,000 115,000 Other long term assets 281,250 406,250 Intangible assets, net 933,532 997,962 Goodwill 17,337,739 17,337,739 Capitalized software development - work in progress 936,785 839,085 TOTAL ASSETS $ 25,372,103 $ 27,424,869 LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) Current Liabilities Accounts payable $ 433,612 $ 461,875 Related party payables 9,800 - Other loans 118,809 190,095 Accrued expenses 520,142 817,114 Total current liabilities 1,082,363 1,469,084 Long-Term Liabilities Deferred liabilities 1,000,000 1,000,000 Mortgage loans - 247,000 Total liabilities 2,082,363 2,716,084 Stockholders' Equity (Deficit) Preferred stock, $ 0.001 par value; 5,000,000 shares authorized, 0 shares issued and outstanding as of December 31, 2023 and March 31, 2024 - - Common stock ($ 0.001 par value; 200,000,000 shares authorized, 44,122,091 shares outstanding as of December 31, 2023; 200,000,000 shares authorized, 44,122,091 shares outstanding as of March 31, 2024) 44,123 44,123 Additional paid-in capital 36,899,497 36,899,497 Accumulated deficit ( 13,656,865 ) ( 12,237,885 ) Total stockholders' equity (deficit) of reAlpha Tech Corp. 23,286,755 24,705,735 Non-controlling interests in consolidated entities 2,985 3,050 Total stockholders' equity (deficit) 23,289,740 24,708,785 TOTAL LIABILITIES AND STOCKOLDERS' EQUITY $ 25,372,103 $ 27,424,869 The accompanying notes are an integral

financial statements and related disclosures from the adoption of this guidance

financial statements and related disclosures from the adoption of this guidance. Reclassification Presentation Certain amounts have been reclassified for consistency with the current period presentation. These reclassifications had no effect on the reported results of operations. Note 3 - Going Concern With the implementation of FASB standard on going concern, ASU No. 2014-15, we assessed going concern uncertainty in our condensed consolidated financial statements to determine if we have sufficient cash and cash equivalents on hand and working capital, including available loans or lines of credit, if any, to operate for a period of at least 12 months from the date our condensed consolidated financial statements are issued, which is referred to as the "look-forward period" as defined by ASU No. 2014-15. As part of this assessment, based on conditions that are known and reasonably knowable to us, we consider various scenarios, forecasts, projections, and estimates, and we make certain key assumptions, including the timing and nature of projected cash expenditures or programs, and our a

View Full Filing

View this 10-Q filing on SEC EDGAR