ATLANTICA INC. Files 2023 Annual Report on Form 10-K

TL;DR

<b>ATLANTICA INC. has filed its 2023 annual report on Form 10-K, detailing its financial performance and corporate information.</b>

AI Summary

ATLANTICA INC (ALDA) filed a Annual Report (10-K) with the SEC on March 20, 2024. ATLANTICA INC. filed its annual report on Form 10-K for the fiscal year ended December 31, 2023. The company is incorporated in Utah and has an IRS Employer Identification No. of 43-0976473. Its principal executive offices are located at 11450 SE Dixie Highway, Hobe Sound, Florida 33455. The company's telephone number is (772) 545-9002. ATLANTICA INC. is not a well-known seasoned issuer and its Common Stock is registered under Section 12(g) of the Act.

Why It Matters

For investors and stakeholders tracking ATLANTICA INC, this filing contains several important signals. This filing provides a comprehensive overview of ATLANTICA INC.'s financial status and operations for the fiscal year 2023, which is crucial for investors and stakeholders to assess the company's performance and outlook. As a 10-K filing, it contains audited financial statements and management's discussion and analysis, offering detailed insights into the company's business, risks, and future strategies.

Risk Assessment

Risk Level: low — ATLANTICA INC shows low risk based on this filing. The filing is a standard annual report (10-K) and does not contain immediate, significant financial or operational disclosures that would alter the risk profile based solely on the header information.

Analyst Insight

Review the full 10-K filing for detailed financial statements, management discussion, and risk factors to understand ATLANTICA INC.'s performance and strategic direction.

Key Numbers

• 2023 — Fiscal Year End (Fiscal year ended December 31, 2023)
• 000-24379 — Commission File Number (SEC File Number)
• 43-0976473 — IRS Number (IRS Employer Identification No.)
• 11450 SE Dixie Highway — Street Address (Business Address)
• Hobe Sound, Florida 33455 — City, State, Zip (Business Address)
• (772) 545-9002 — Business Phone (Registrant's Telephone Number)

Key Players & Entities

• ATLANTICA INC. (company) — Registrant Name
• December 31, 2023 (date) — Fiscal Year End
• 000-24379 (other) — Commission File Number
• Utah (location) — State of Incorporation
• 43-0976473 (other) — IRS Employer Identification No.
• 11450 SE Dixie Highway, Hobe Sound, Florida 33455 (address) — Principal Executive Offices
• (772) 545-9002 (phone) — Registrant's Telephone Number
• Common Stock (security) — Securities registered pursuant to Section 12(g) of the Act

FAQ

Key Dates

• 2024-03-20: Filing Date — Submission of the 2023 Annual Report on Form 10-K
• 2023-12-31: Fiscal Year End — Period covered by the annual report

Key Financial Figures

• $0.0001 — (g) of the Act: Common Stock, par value $0.0001 Indicate by check mark if the Registra
• $20,000 — Company," with an authorized capital of $20,000 divided into 2,000,000 shares of common
• $0.01 — hares of common stock of a par value of $0.01 per share. Our Company was formed for t
• $150,000 — our authorized capital from $20,000 to $150,000, comprised of 15,000,000 at $.01 and ou
• $80,000 — sed on to satisfy debt in the amount of $80,000, owed to Duane S. Jenson. Mr. Jenson ha
• $525,000 — tanding shares, for a purchase price of $525,000 in cash. Upon the closing of the Acquis
• $10 million — a combined enterprise value of at least $10 million (a "Threshold Acquisition"), the Escrow
• $400,000 — nging from a small amount to as much as $400,000 or more. These fees are usually divided

Filing Documents

• alda10k123123.htm (10-K) — 378KB
• ex4.htm (EX-4) — 8KB
• ex311.htm (EX-31) — 8KB
• ex312.htm (EX-31) — 8KB
• ex32.htm (EX-32) — 4KB
• image_016.gif (GRAPHIC) — 3KB
• 0001548123-24-000018.txt (&nbsp;) — 1670KB
• alda-20231231_cal.xml (EX-101.CAL) — 19KB
• alda-20231231_def.xml (EX-101.DEF) — 13KB
• alda-20231231_lab.xml (EX-101.LAB) — 108KB
• alda-20231231_pre.xml (EX-101.PRE) — 83KB
• alda-20231231.xsd (EX-101.SCH) — 11KB
• alda10k123123_htm.xml (XML) — 122KB

FORWARD LOOKING STATEMENTS

FORWARD LOOKING STATEMENTS In this Annual Report, references to "Atlantica, Inc.," "Atlantica," the "Company," "we," "us," "our" and words of similar import refer to Atlantica, Inc., the Registrant. This Annual Report contains certain forward-looking statements, and for this purpose, any statements contained in this Annual Report that are not statements of historical fact may be deemed to be forward-looking "anticipate," "estimate" or "continue" or comparable terminology are intended to identify forward-looking on a variety of factors, many of which are not within our control. These factors include but are not limited to economic conditions generally and in the markets in which we may participate, competition within our chosen industry, technological advances and failure by us to successfully develop business relationships.

BUSINESS

ITEM 1. BUSINESS Business Development Our Company was organized pursuant to the laws of the State of Utah on March 3, 1938, under the name "Red Hills Mining Company," with an authorized capital of $20,000 divided into 2,000,000 shares of common stock of a par value of $0.01 per share. Our Company was formed for the primary purpose of conducting the business of mining in all of its branches. On February 5, 1953, we changed our name to "Allied Oil and Minerals Company," with our primary purpose continuing to be mining. On January 8, 1971, we changed our name to "Community Equities Corporation," we increased our authorized capital from $20,000 to $150,000, comprised of 15,000,000 at $.01 and our purpose also changed to the business of real estate development. We discontinued the real estate development operations in 1990. Effective March 26, 1996, the corporate charter was reinstated, and we changed our corporate name to "Atlantica, Inc." On March 13, 1998, we increased our authorized capital from 15,000,000 shares of $.01 par value to 25,000,000 shares of $0.0001 par value common stock; and we authorized a reverse split of one share for every 20 shares. We also authorized the issuance of 24,000,000 shares to Gregory Aurre, President and a director, for services rendered and expenses paid. The Board also issued 25,000 shares each to Amerika Aurre, Vice President and a director and Gregory Aurre III, Secretary and a director, for services rendered. We also adopted new Bylaws. On October 30, 2002, the Board of Directors resolved to appoint new officers and directors since Gregory Aurre II, Gregory Aurre III and Amerika Aurre all resigned, in seriatim, from any and all capacity as officers and directors. Thomas J. Howells was appointed as President and director, Terry Jenson as Vice President and director and Travis T. Jenson as Secretary and director. On November 12, 2002, the 23,908,000 shares held by Gregory Aurre II, were foreclosed on to satisfy debt in the

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