ATLANTICA INC. Files Quarterly Report on Form 10-Q for the period ended March 31, 2024

TL;DR

<b>ATLANTICA INC. has filed its quarterly report (10-Q) for the period ending March 31, 2024, confirming compliance with filing requirements.</b>

AI Summary

ATLANTICA INC (ALDA) filed a Quarterly Report (10-Q) with the SEC on April 25, 2024. ATLANTICA INC. filed a 10-Q report for the quarterly period ended March 31, 2024. The report covers the period from January 1, 2024, to March 31, 2024. The company's principal executive offices are located at 11450 SE Dixie Highway, Hobe Sound, Florida. ATLANTICA INC. has filed all required reports for the preceding 12 months. The company has submitted electronically every Interactive Data File required by Rule 405 of Regulation S-T.

Why It Matters

For investors and stakeholders tracking ATLANTICA INC, this filing contains several important signals. This filing provides investors with the latest financial performance and operational updates for ATLANTICA INC. for the first quarter of 2024. The confirmation of submitting all required reports and interactive data files indicates the company's adherence to SEC regulations, which is crucial for maintaining investor confidence.

Risk Assessment

Risk Level: low — ATLANTICA INC shows low risk based on this filing. The filing is a standard quarterly report and does not contain any immediate red flags or significant negative disclosures, indicating a low level of immediate risk.

Analyst Insight

Monitor future filings for detailed financial results and any emerging trends or risks disclosed by ATLANTICA INC.

Key Numbers

• 2024-03-31 — Quarter End Date (Reported Period)
• 2024-04-25 — Filing Date (Date of Submission)
• 2024-01-01 — Quarter Start Date (Reported Period)

Key Players & Entities

• ATLANTICA INC. (company) — Registrant
• 000-24379 (other) — Commission File Number
• 11450 SE Dixie Highway (other) — Business Address
• Hobe Sound (other) — City
• FL (other) — State
• 33455 (other) — ZIP Code
• (772) 545-9002 (other) — Business Phone
• Rule 405 of Regulation S-T (other) — SEC Regulation

FAQ

Industry Context

ATLANTICA INC. operates within the Real Estate & Construction sector, specifically SIC code 6770. This 10-Q filing provides a snapshot of its financial health and operational status for the first quarter of 2024.

Regulatory Implications

The company is subject to the reporting requirements of the Securities Exchange Act of 1934, including the submission of quarterly reports (Form 10-Q) and adherence to rules like Regulation S-T for electronic data submission.

What Investors Should Do

1. Review the full 10-Q filing for detailed financial statements and management's discussion and analysis.
2. Compare Q1 2024 results with previous periods to identify performance trends.
3. Monitor future SEC filings for any updates on the company's operations, strategy, or financial condition.

Key Dates

• 2024-03-31: Quarterly period ended — Marks the end of the reporting period for the 10-Q filing.
• 2024-04-25: Filing date — Indicates when the 10-Q was officially submitted to the SEC.

Year-Over-Year Comparison

This filing is a standard 10-Q for the quarter ended March 31, 2024. No comparative data from a previous filing is immediately available in this header information.

Key Financial Figures

• $400,000 — nging from a small amount to as much as $400,000 or more. These fees are usually divided

Filing Documents

• alda10q3312024.htm (10-Q) — 195KB
• ex31-1.htm (EX-31) — 8KB
• ex31-2.htm (EX-31) — 8KB
• ex32.htm (EX-32) — 5KB
• 0001548123-24-000057.txt (&nbsp;) — 1403KB
• alda-20240331_def.xml (EX-101.DEF) — 15KB
• alda-20240331_lab.xml (EX-101.LAB) — 142KB
• alda-20240331_cal.xml (EX-101.CAL) — 18KB
• alda-20240331_pre.xml (EX-101.PRE) — 108KB
• alda-20240331.xsd (EX-101.SCH) — 12KB
• alda10q3312024_htm.xml (XML) — 75KB

Financial Statements

Item 1. Financial Statements The Financial Statements of the Registrant required to be filed with this 10-Q Quarterly Report were prepared by management and commence below, together with related notes. In the opinion of management, the Financial Statements fairly present the financial condition of the Registrant. ATLANTICA, INC. UNAUDITED FINANCIAL STATEMENTS MARCH 31, 2024 2 ATLANTICA, INC. CONTENTS PAGE Condensed Balance Sheets, March 31, 2024 (Unaudited) and December 31, 2023 4 Condensed Unaudited Statements of Operations, for the three months ended March 31, 2024 and 2023 5 Condensed Unaudited Statement of Stockholders' Equity For the three months ended March 31, 2024 and 2023 6 Condensed Unaudited Statements of Cash Flows, for the three months ended March 31, 2024 and 2023 7 Notes to Condensed Unaudited

Financial Statements

Financial Statements 8 - 11 3 ATLANTICA, INC. Condensed Balance Sheets March 31, 2024 (Unaudited) December 31, 2023 ASSETS CURRENT ASSETS Cash $ - $ - Total Current Assets - - Total Assets $ - $ - LIABILITIES AND STOCKHOLDERS' DEFICIT CURRENT LIABILITIES Accounts Payable $ 1,704,012 $ 1,654,146 Accounts Payable - Related Parties 1,953,487 1,933,948 Note Payable - Related Parties 745,039 713,653 Interest Payable – Related Parties 992,741 951,413 Total Current Liabilities 5,395,279 5,253,160 Total Liabilities 5,395,279 5,253,160 Commitments and Contingencies - - STOCKHOLDERS' DEFICIT Preferred Stock: 10,000,000 shares authorized of $ 0.0001 par value, no shares issued and outstanding - - Common Stock: 50,000,000 shares authorized of $ 0.0001 par value, 2,458,590 shares issued and outstanding, respectively 246 246 Additional Paid-in Capital 125,456 125,456 Accumulated Deficit ( 5,520,981 ) ( 5,378,862 ) Total Stockholders' Deficit ( 5,395,279 ) ( 5,253,160 ) Total Liabilities and Stockholders' Deficit $ - $ - The accompanying notes are an integral part of these condensed unaudited financial statements. 4 ATLANTICA, INC. Condensed Statements of Operations (Unaudited) Three Months Ended March 31, 2024 Three Months Ended March 31, 2023 REVENUES $ - $ - EXPENSES General and administrative 100,791 51,598 Total expenses 100,791 51,598 OTHER INCOME (EXPENSE) Interest expense ( 41,328 ) ( 36,109 ) Total other income (expense) ( 41,328 ) ( 36,109 ) NET LOSS $ ( 142,119 ) $ ( 87,707 ) BASIC AND DILUTED LOSS PER SHARE $ ( 0.06 ) $ ( 0.04 ) WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING – BASIC AND DILUTED 2,458,590 2,458,590 The accompanying notes are an integral part of these condensed unaudited financial statements. 5 ATLANTICA, INC. Condensed Unaudited Statements of Shareholders' Equity (Deficit)

Management's Discussions and Analysis of

Item 2. Management's Discussions and Analysis of Financial Condition and Results of Operations.

Forward-looking Statements

Forward-looking Statements not purely historical, are forward-looking statements with respect to the goals, plan objectives, intentions, expectations, financial condition, results of operations, future performance and our business, including, without limitation, (i) our ability to raise capital, and (ii) statements preceded by, followed by or that include the words "may," "would," "could," "should," "expects," "projects," "anticipates," "believes," "estimates," "plans," "intends," "targets" or similar expressions.

Forward-looking statements involve inherent risks

Forward-looking statements involve inherent risks and uncertainties, and actual results may differ materially from those set forth in the forward-looking statements, depending upon a number of factors, many of which are beyond our control. These factors include, but are not limited to, the following: general economic or industry conditions; nationally and/or in the communities in which we may conduct business; changes in the interest rate environment; legislation or regulatory requirements; conditions of the securities markets; our ability to raise capital; changes in accounting principles, policies or guidelines; financial or political instability; acts of war or terrorism; and other economic, competitive, governmental, regulatory and technical factors affecting our current or potential business and related matters. Accordingly, results actually achieved may differ materially from expected results in these statements. Forward-looking statements speak only as of the date they are made. We do not undertake, and specifically disclaim, any obligation to update any forward-looking statements to reflect events or circumstances occurring after the date of such statements. Plan of Operation Our plan of operation for the next 12 months is to: (i) consider guidelines of industries in which we may have an interest; (ii) adopt a business plan regarding engaging in the business of any selected industry; and (iii) to commence such operations through funding and/or the acquisition of a going concern engaged in any industry selected. We are not currently engaged in any substantive business activity. In our present form, we may be deemed to be a vehicle to acquire or merge with a business or company. Regardless, the commencement of any business opportunity will be preceded by the consideration and adoption of a business plan by our Board of Directors. We do not intend to restrict our search for business opportunities to any particular business or industry, and the areas in whi

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