Accredited Solutions Files Q3 2024 10-Q
Ticker: ASII · Form: 10-Q · Filed: Dec 5, 2024 · CIK: 1464865
| Field | Detail |
|---|---|
| Company | Accredited Solutions, INC. (ASII) |
| Form Type | 10-Q |
| Filed Date | Dec 5, 2024 |
| Risk Level | medium |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, financials, subsequent-events
TL;DR
Accredited Solutions (ASII) filed its Q3 10-Q. Check financials and recent deals.
AI Summary
Accredited Solutions, Inc. filed its Q3 2024 10-Q report on December 5, 2024, for the period ending September 30, 2024. The company, formerly known as Good Hemp, Inc., is incorporated in Nevada and operates in the beverages sector. Key financial figures and subsequent events are detailed within the filing.
Why It Matters
This filing provides investors with an update on Accredited Solutions, Inc.'s financial performance and material events during the third quarter of 2024.
Risk Assessment
Risk Level: medium — The company has a history of name changes and its SIC code is 'BEVERAGES', but the filing details suggest potential business activities beyond traditional beverages, indicating a need for closer examination.
Key Numbers
- 0.001 — Revenue (Likely represents minimal revenue for the period)
- 5000000000 — Authorized Shares (Indicates the total number of shares the company is permitted to issue)
- 2435717463 — Outstanding Shares (Represents the number of shares currently held by investors)
Key Players & Entities
- Accredited Solutions, Inc. (company) — Filer
- Good Hemp, Inc. (company) — Former company name
- 20240930 (date) — Reporting period end date
- 20241205 (date) — Filing date
- 20311 CHARTWELL CENTER DRIVE, SUITE 1469 (address) — Business and mailing address
- CORNELIUS, NC (location) — Business and mailing address city and state
- Metrospaces Inc (company) — Subsequent event related company
- Apollo Management Group Inc (company) — Subsequent event related company
- Jan Bella (person) — Subsequent event related person
- Jan Bella Group LLC (company) — Subsequent event related company
FAQ
What is the primary business of Accredited Solutions, Inc. as of Q3 2024?
The company's Standard Industrial Classification is 'BEVERAGES [2080]', but the filing does not provide specific details on current operations beyond this classification.
What were the key financial results for the quarter ending September 30, 2024?
The filing indicates minimal revenue (0.001) and provides figures for authorized shares (5,000,000,000) and outstanding shares (2,435,717,463).
What significant subsequent events are mentioned in the filing?
The filing notes subsequent events involving Metrospaces Inc, Apollo Management Group Inc, Jan Bella, and Jan Bella Group LLC, occurring between October and December 2024.
When was Accredited Solutions, Inc. previously known by another name?
The company was formerly known as Good Hemp, Inc., with a name change date of 20190925.
Where is Accredited Solutions, Inc. headquartered?
The company's business and mailing address is 20311 Chartwell Center Drive, Suite 1469, Cornelius, NC 28031.
Filing Stats: 4,500 words · 18 min read · ~15 pages · Grade level 16.6 · Accepted 2024-12-04 19:10:15
Key Financial Figures
- $0.001 — 3,596 shares of common stock, par value $0.001 per share issued, issuable and outstand
Filing Documents
- asii_10q.htm (10-Q) — 766KB
- asii_ex311.htm (EX-31.1) — 9KB
- asii_ex312.htm (EX-31.2) — 9KB
- asii_ex321.htm (EX-32.1) — 4KB
- asii_ex322.htm (EX-32.2) — 4KB
- 0001477932-24-007846.txt ( ) — 3838KB
- asii-20240930.xsd (EX-101.SCH) — 38KB
- asii-20240930_lab.xml (EX-101.LAB) — 229KB
- asii-20240930_cal.xml (EX-101.CAL) — 41KB
- asii-20240930_pre.xml (EX-101.PRE) — 189KB
- asii-20240930_def.xml (EX-101.DEF) — 123KB
- asii_10q_htm.xml (XML) — 533KB
– FINANCIAL INFORMATION
PART I – FINANCIAL INFORMATION
FINANCIAL STATEMENTS
ITEM 1. FINANCIAL STATEMENTS Index to Financial Statements Page Condensed Consolidated Balance Sheets as of September 30, 2024 (Unaudited), and December 31, 2023 3 Condensed Consolidated Statements of Operations for the Three and Nine Months Ended September 30, 2024 and 2023 (Unaudited) 4 Condensed Consolidated Statement of Stockholders' Deficit for the Nine Months Ended September 30, 2024 and 2023 (Unaudited) 5 Condensed Consolidated Statements of Cash Flows for the Nine Months Ended September 30, 2024 and 2023 (Unaudited) 7 Notes to Condensed Consolidated Financial Statements (Unaudited) 8 2 Table of Contents ACCREDITED SOLUTIONS, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) September 30, 2024 December 31, 2023 ASSETS (Unaudited) Current assets Cash $ 12,106 $ 919 Accounts receivable 61,274 64,109 Inventory - - Prepaid expenses 786 3,904 Advance due from related entity 22,678 - Total current assets 96,844 68,932 Other assets Property, plant and equipment, net 51,879 60,573 Intellectual property 100,000 100,000 Total assets $ 248,723 $ 229,505 LIABILITIES AND STOCKHOLDERS' DEFICIT Current liabilities Accounts payable $ 238,633 $ 159,506 Advances payable 48,450 - Advances payable - related parties - 39,450 Accrued liabilities - 10,081 Accrued liabilities - related parties - 11,400 Interest payable 6,242 260,534 Interest payable to related parties 713 172,149 Notes payable 119,110 19,100 Convertible notes, net of discounts 254,426 961,404 Convertible notes to related parties, net of discounts 125,000 374,102 Derivative liabilities 532,257 3,294,816 Current liabilities held for sale - - Total current liabilities 1,324,831 5,302,542 Total liabilities 1,324,831 5,302,542 Stockholders' deficit Preferred stock - Series A - 15,000 shares authorized, $ 0.001 par value, 14,000 shares issued and outstandi