Data443 Risk Mitigation, Inc. Files 10-Q for Period Ending March 31, 2024

TL;DR

<b>Data443 Risk Mitigation, Inc. has filed its Q1 2024 10-Q report, detailing financial performance and corporate information.</b>

AI Summary

Data443 Risk Mitigation, Inc. (ATDS) filed a Quarterly Report (10-Q) with the SEC on May 15, 2024. Data443 Risk Mitigation, Inc. filed a 10-Q report for the period ending March 31, 2024. The filing covers the first quarter of fiscal year 2024. The company's principal business address is 4000 SANCAR WAY, SUITE 400, RESEARCH TRIANGLE PARK, NC 27709. The company was formerly known as LandStar, Inc. and DATA443 RISK MITIGATION, INC. The filing includes financial data for various equity and debt instruments, including Series A and Series B Preferred Stock, Common Stock, and Warrants.

Why It Matters

For investors and stakeholders tracking Data443 Risk Mitigation, Inc., this filing contains several important signals. This 10-Q filing provides investors with the latest quarterly financial results and operational updates for Data443 Risk Mitigation, Inc., crucial for assessing the company's current health and future prospects. Understanding the details within this report, such as changes in equity, debt, and any new agreements, is essential for making informed investment decisions regarding ATDS.

Risk Assessment

Risk Level: medium — Data443 Risk Mitigation, Inc. shows moderate risk based on this filing. The company has a history of name changes and asset purchase agreements, indicating potential restructuring or M&A activity which can introduce operational and financial complexities.

Analyst Insight

Review the detailed financial statements and risk factors in the 10-Q to understand the company's performance and potential challenges.

Key Numbers

• 2024-03-31 — Reporting Period End Date (Conformed Period of Report)
• 2024-05-15 — Filing Date (Filed As Of Date)
• 2018-12-12 — Date of Name Change (Former company name change)

Key Players & Entities

• Data443 Risk Mitigation, Inc. (company) — Filer name
• ATDS (company) — Ticker symbol
• LandStar, Inc. (company) — Former company name
• Research Triangle Park, NC (location) — Business address city and state
• 2024-03-31 (date) — Conformed period of report
• 2024-05-15 (date) — Filed as of date
• Centurion Holdings LLC (company) — Mentioned in relation to asset purchase agreements

FAQ

Key Dates

• 2024-03-31: Quarterly Period End — End of the reporting period for the 10-Q filing.
• 2024-05-15: Filing Date — Date the 10-Q was officially filed with the SEC.

Glossary

10-Q

A quarterly report required by the U.S. Securities and Exchange Commission (SEC). (Provides investors with a comprehensive overview of a company's financial performance during the quarter.)

SEC

U.S. Securities and Exchange Commission. (The regulatory body that oversees securities markets and requires filings like the 10-Q.)

Filing Documents

• form10-q.htm (10-Q) — 1318KB
• ex4-1.htm (EX-4.1) — 88KB
• ex31-1.htm (EX-31.1) — 17KB
• ex31-2.htm (EX-31.2) — 17KB
• ex32-1.htm (EX-32.1) — 7KB
• ex32-2.htm (EX-32.2) — 7KB
• 0001493152-24-020043.txt (&nbsp;) — 7025KB
• atds-20240331.xsd (EX-101.SCH) — 58KB
• atds-20240331_cal.xml (EX-101.CAL) — 64KB
• atds-20240331_def.xml (EX-101.DEF) — 208KB
• atds-20240331_lab.xml (EX-101.LAB) — 419KB
• atds-20240331_pre.xml (EX-101.PRE) — 318KB
• form10-q_htm.xml (XML) — 1193KB

SIGNATURES

SIGNATURES 30 1 PART I FINANCIAL INFORMATION ITEM 1. FINANCIAL DATA443 RISK MITIGATION, INC. CONDENSED CONSOLIDATED BALANCE SHEETS March 31, December 31, 2024 2023 (Unaudited) (Audited) Assets Current assets Cash $ 5,063 $ 84,570 Accounts receivable, net 164,201 309,768 Prepaid expense and other current assets 48,335 29,467 Total current assets 217,599 423,805 Property and equipment, net 359,888 409,525 Operating lease right-of-use assets, net 261,841 322,616 Advance payment for acquisition 2,726,188 2,726,188 Intellectual property, net of accumulated amortization 3,344,066 3,525,816 Deposits 46,476 45,673 Total Assets $ 6,956,058 $ 7,453,623 Liabilities and Stockholders' Deficit Current Liabilities Accounts payable and accrued liabilities 4,024,902 3,360,469 Deferred revenue 1,430,681 1,627,572 Interest payable 1,778,554 1,352,227 Notes payable, net of unamortized discount 3,374,943 3,704,326 Convertible notes payable, net of unamortized discount 3,330,213 3,047,388 Due to a related party 316,118 341,437 Operating lease liability 270,601 357,656 Finance lease liability 10,341 10,341 Total Current Liabilities 14,536,353 13,801,416 Series B Preferred Stock, 80,000 shares designated; $ 0.001 par value; Stated value $ 10.00 , 0 and 0 shares issued and outstanding, net of discount, respectively - - Notes payable, net of unamortized discount - non-current 1,620,085 1,355,132 Convertible notes payable, net of unamortized discount - non-current 97,946 97,946 Deferred revenues - non-current 115,555 195,997 Total Liabilities 16,129,439 15,450,491 Commitments and Contingencies - - Stockholders' Deficit Preferred stock: 337,500 authorized; $ 0.001 par value Series A Preferred Stock, 150,000 shares designated; $ 0.001 par value; 149,892 and 149,892 shares issued and outstanding, respectively 150 150 Common stock: 500,000,000 aut

View Full Filing

View this 10-Q filing on SEC EDGAR