Data443 Risk Mitigation, Inc. Files 2023 Annual Report (10-K)

TL;DR

<b>Data443 Risk Mitigation, Inc. has filed its annual 10-K report for the fiscal year ending December 31, 2023, detailing its financial status and corporate history.</b>

AI Summary

Data443 Risk Mitigation, Inc. (ATDS) filed a Annual Report (10-K) with the SEC on April 17, 2024. Data443 Risk Mitigation, Inc. filed its 10-K for the fiscal year ending December 31, 2023. The company was formerly known as LandStar, Inc. and underwent name changes in 2018 and 2010. The filing includes details on Series B Preferred Stock and Series A Preferred Stock as of December 31, 2023. Key dates mentioned include September 20, 2023, for a specific event. The company's business address is located at 4000 Sancar Way, Suite 400, Research Triangle Park, NC 27709.

Why It Matters

For investors and stakeholders tracking Data443 Risk Mitigation, Inc., this filing contains several important signals. This 10-K filing provides a comprehensive overview of Data443's financial performance and operational status for the fiscal year 2023, which is crucial for investors to assess the company's health and future prospects. The inclusion of historical company names and specific stock series (Series A and B Preferred Stock) offers context for understanding the company's evolution and capital structure.

Risk Assessment

Risk Level: medium — Data443 Risk Mitigation, Inc. shows moderate risk based on this filing. The company's financial performance and operational details are presented in a 10-K filing, which is a standard disclosure for public companies, but specific financial health indicators beyond the filing date are not immediately available in this excerpt.

Analyst Insight

Review the full 10-K filing for detailed financial statements, management discussion and analysis, and risk factors to form a comprehensive investment thesis.

Key Numbers

• 2023-12-31 — Fiscal Year End (Reported fiscal year end)
• 2024-04-17 — Filing Date (Date the 10-K was filed)
• 2018-12-12 — Name Change Date (Date of former name change to Data443 Risk Mitigation, Inc.)
• 2010-09-09 — Name Change Date (Date of former name change to LandStar Inc.)

Key Players & Entities

• Data443 Risk Mitigation, Inc. (company) — Filer name
• LandStar, Inc. (company) — Former company name
• Research Triangle Park (location) — Business address city
• NC (location) — Business address state
• 27709 (location) — Business address zip code
• 2023-12-31 (date) — Fiscal year end
• 2024-04-17 (date) — Filing date
• 000-30542 (other) — SEC file number

FAQ

Key Dates

• 2023-12-31: Fiscal Year End — End of the reporting period for the 10-K.
• 2024-04-17: Filing Date — Date the 10-K was officially submitted to the SEC.

Glossary

10-K

An annual report required by the U.S. Securities and Exchange Commission (SEC), which gives a comprehensive summary of a company's financial performance. (This filing provides the primary source of detailed financial and operational information for Data443 Risk Mitigation, Inc. for the fiscal year 2023.)

Series B Preferred Stock

A class of preferred stock with specific rights and privileges, often issued in private placements. (Indicates a specific type of equity financing that Data443 has utilized, relevant for understanding its capital structure.)

Key Financial Figures

• $0.001 — ction 12(g) of the Act: Common Stock, $0.001 par value (Title of class) Indicate

Filing Documents

• form10-k.htm (10-K) — 2287KB
• ex31-1.htm (EX-31.1) — 11KB
• ex31-2.htm (EX-31.2) — 11KB
• ex32-1.htm (EX-32.1) — 4KB
• ex32-2.htm (EX-32.2) — 4KB
• 0001493152-24-014964.txt (&nbsp;) — 9310KB
• atds-20231231.xsd (EX-101.SCH) — 74KB
• atds-20231231_cal.xml (EX-101.CAL) — 77KB
• atds-20231231_def.xml (EX-101.DEF) — 302KB
• atds-20231231_lab.xml (EX-101.LAB) — 561KB
• atds-20231231_pre.xml (EX-101.PRE) — 434KB
• form10-k_htm.xml (XML) — 1305KB

Business

Item 1. Business. 4

Risk Factors

Item 1A. Risk Factors. 15

Unresolved Staff Comments

Item 1B. Unresolved Staff Comments. 32

Properties

Item 2. Properties. 33

Legal Proceedings

Item 3. Legal Proceedings. 33

Mine Safety Disclosures

Item 4. Mine Safety Disclosures. 33 Part II

Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities. 33

[Reserved]

Item 6. [Reserved] 3 8

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations. 3 8

Quantitative and Qualitative Disclosures About Market Risk

Item 7A. Quantitative and Qualitative Disclosures About Market Risk. 47

Consolidated Financial Statements and Supplementary Data

Item 8. Consolidated Financial Statements and Supplementary Data. 47

Changes in and Disagreements with Accountants on Accounting and Financial Disclosure

Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure. 47

Controls and Procedures

Item 9A. Controls and Procedures. 47

Other Information

Item 9B. Other Information. 49

Disclosure Regarding Foreign Jurisdiction that Prevent Inspections

Item 9C. Disclosure Regarding Foreign Jurisdiction that Prevent Inspections. 4 9 Part III

Directors, Executive Officers, and Corporate Governance

Item 10. Directors, Executive Officers, and Corporate Governance. 4 9

Executive Compensation

Item 11. Executive Compensation. 51

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters. 57

Certain Relationships and Related Transactions, and Director Independence

Item 13. Certain Relationships and Related Transactions, and Director Independence. 58

Principal Accounting Fees and Services

Item 14. Principal Accounting Fees and Services. 58 Part IV

Exhibits and Financial Statement Schedules

Item 15. Exhibits and Financial Statement Schedules 59

Form 10-K Summary

Item 16. Form 10-K Summary. 64 Index to Consolidated Financial Statements F-1

Signatures

Signatures 65 2 CAUTIONARY Except for historical information, this Annual Report on Form 10-K (the " Annual Report ") contains forward-looking statements within the meaning of the federal securities laws. Such forward-looking statements are based on management's current expectations, assumptions, and beliefs concerning future developments and their potential effect on our business, and are subject to risks and uncertainties that could negatively affect our business, operating results, financial condition, and stock price. We have attempted to identify forward-looking "estimates," "expects," "intends," "may," "plans," "potential," "predicts," "should," "will," "would", "if, "shall", "might", "will likely result, "projects", "goal", "objective", or "continues", or the negative of these terms or other comparable terminology, although the absence of these words does not necessarily mean that a statement is not forward-looking. Additionally, statements concerning future matters such as our business strategy, development of new products, sales levels, expense levels, cash flows, future commercial and financing matters, future partnering opportunities and other statements regarding matters that are not historical are forward-looking statements. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. We believe that these risks and uncertainties include, but are not limited to, those described in the "Risk Factors" section of this Annual Report, which include, but are not limited to, the following: we will need additional capital to fund our operations; there is doubt about our ability to continue as a going concern; we will face intense competition in our market, and we may lack sufficient financial and o

View Full Filing

View this 10-K filing on SEC EDGAR