Atlantica Inc. Files Q3 2024 10-Q Report

TL;DR

ATLANTICA INC 10-Q FILED: Q3 2024 financials are in. Check it out.

AI Summary

Atlantica Inc. filed its quarterly report on Form 10-Q for the period ending September 30, 2024. The filing details the company's financial performance and position as of that date. Key financial data points and disclosures relevant to investors are included in this report.

Why It Matters

This filing provides investors with the latest financial snapshot of Atlantica Inc., crucial for understanding the company's performance and making informed investment decisions.

Risk Assessment

Risk Level: low — This is a standard quarterly financial filing and does not inherently present new risks.

Key Players & Entities

• ATLANTICA INC (company) — Filer of the 10-Q report
• 0001548123-24-000122 (other) — Accession number for the filing
• September 30, 2024 (date) — End of the reporting period
• November 7, 2024 (date) — Filing date of the report

FAQ

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

• alda10q9302024.htm (10-Q) — 239KB
• ex31-1.htm (EX-31) — 8KB
• ex31-2.htm (EX-31) — 8KB
• ex32.htm (EX-32) — 5KB
• 0001548123-24-000122.txt ( ) — 1490KB
• alda-20240930.xsd (EX-101.SCH) — 12KB
• alda-20240930_cal.xml (EX-101.CAL) — 18KB
• alda-20240930_def.xml (EX-101.DEF) — 15KB
• alda-20240930_lab.xml (EX-101.LAB) — 142KB
• alda-20240930_pre.xml (EX-101.PRE) — 109KB
• alda10q9302024_htm.xml (XML) — 98KB

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 SEPTEMBER 30, 2024 2 ATLANTICA, INC. CONTENTS PAGE Condensed Balance Sheets, September 30, 2024 (Unaudited) and December 31, 2023 4 Condensed Unaudited Statements of Operations, for the three and nine months ended September 30, 2024 and 2023 5 Condensed Unaudited Statement of Shareholders' Equity (Deficit) For the three and nine months ended September 30, 2024 and 2023 6 Condensed Unaudited Statements of Cash Flows, for the nine months ended September 30, 2024 and 2023 7 Notes to Condensed Unaudited

Financial Statements

Financial Statements 8 - 11 3 ATLANTICA, INC. Condensed Balance Sheets September 30, 2024 (Unaudited) December 31, 2023 ASSETS CURRENT ASSETS Cash $ - $ - Total Current Assets - - Total Assets $ - $ - LIABILITIES AND STOCKHOLDERS' DEFICIT CURRENT LIABILITIES Accounts Payable $ 1,700,079 $ 1,654,146 Accounts Payable - Related Parties 2,019,979 1,933,948 Note Payable - Related Parties 762,271 713,653 Interest Payable – Related Parties 1,080,329 951,413 Total Current Liabilities 5,562,658 5,253,160 Total Liabilities 5,562,658 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 ( 5,688,360 ) ( 5,378,862 ) Total Stockholders' Deficit ( 5,562,658 ) ( 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 September 30, 2024 Three Months Ended September 30, 2023 Nine Months Ended September 30, 2024 Nine Months Ended September 30, 2023 REVENUES $ - $ - $ - $ - EXPENSES General and administrative 40,146 52,257 180,582 174,191 Total expenses 40,146 52,257 180,582 174,191 OTHER INCOME (EXPENSE) Interest expense ( 44,739 ) ( 39,072 ) ( 128,916 ) ( 112,851 ) Total other income (expense) ( 44,739 ) ( 39,072 ) ( 128,916 ) ( 112,851 ) NET LOSS $ ( 84,885 ) $ ( 91,329 ) $ ( 309,498 ) $ ( 287,042 ) BASIC AND DILUTED LOSS PER SHARE $ ( 0.04 ) $ ( 0.04 ) $ ( 0.13 ) $ ( 0.12 ) WEIGHTED AVERAGE N

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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View this 10-Q filing on SEC EDGAR