Avant Technologies Files Q3 2024 10-Q

TL;DR

Avant Tech filed its 10-Q for Q3 2024, fiscal year ends March 31st.

AI Summary

Avant Technologies Inc. filed its 10-Q for the period ending December 31, 2024. The filing covers the third quarter of their fiscal year, which began on April 1, 2024. The company's fiscal year ends on March 31st. Previous names for the company include Trend Innovations Holding Inc. and Freecook.

Why It Matters

This filing provides investors with a quarterly update on Avant Technologies Inc.'s financial performance and operational status, crucial for understanding the company's trajectory.

Risk Assessment

Risk Level: low — This is a routine quarterly filing and does not inherently indicate new risks.

Key Numbers

• 20241231 — Reporting Period End (The 10-Q covers financial information up to this date.)
• 0331 — Fiscal Year End (Avant Technologies Inc.'s fiscal year concludes on March 31st annually.)

Key Players & Entities

• AVANT TECHNOLOGIES INC. (company) — Filer
• 20241231 (date) — Reporting period end date
• TREND INNOVATIONS HOLDING INC. (company) — Former company name
• FREECOOK (company) — Former company name
• 702-5091747 (phone_number) — Business phone number

FAQ

Key Financial Figures

• $0.001 — nge on which registered Common Stock, $0.001 par value AVAI OTC Markets Indica
• $1.00 — of AVAI treasury valued at One Dollar ($1.00) per share. The shares were to be deliv
• $100,000 — Hundred Thousand United States Dollars ($100,000 US). AVAI acquired 100% of the ownershi
• $150,000 — d Fifty Thousand United States Dollars ($150,000 US). MB Lemalike Innovations MB Lema
• $5,000 — of the Company with a stated valued at $5,000 per share each (the "Preferred Shares S
• $75,000 — ts services for a flat quarterly fee of $75,000 paid in shares of common stock (the "El
• $75,000 b — rmined by dividing the quarterly fee of $75,000 by the Company's ten (10) day VWAP, which
• $0.10 — P, which shall at no point be less than $0.10 per share. In connection with the offe
• $20,000,000 — next twelve (12) months, not to exceed $20,000,000 USD in capital and its resources in exc

Filing Documents

• avai10q_31dec2024.htm (10-Q) — 576KB
• ex31_1.htm (EX-31.1) — 7KB
• ex31_2.htm (EX-31.2) — 7KB
• ex32_1.htm (EX-32.1) — 3KB
• ex32_2.htm (EX-32.2) — 3KB
• 0001740797-25-000014.txt ( ) — 2318KB
• avai-20241231_cal.xml (EX-101.CAL) — 31KB
• avai-20241231_def.xml (EX-101.DEF) — 20KB
• avai-20241231_lab.xml (EX-101.LAB) — 133KB
• avai-20241231_pre.xml (EX-101.PRE) — 95KB
• avai-20241231.xsd (EX-101.SCH) — 15KB
• avai10q_31dec2024_htm.xml (XML) — 264KB

—FINANCIAL INFORMATION

PART I—FINANCIAL INFORMATION Item 1.

Financial Statements

Financial Statements. 3 Consolidated Balance Sheets as of December 31, 2024 (Unaudited) and March 31, 2024 4 Consolidated Statements of Operations for the three and nine months ended December 31, 2024 and 2023 (Unaudited) 5 Consolidated Statements of Changes in Stockholders' Equity (Deficit) for the three and nine months ended December 31, 2024 and 2023 (Unaudited) 6 Consolidated Statements of Cash Flows for the nine months ended December 31, 2024 and 2023 (Unaudited) 7 Notes to the Interim Consolidated Financial Statements (Unaudited) 8 Item 2.

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

Management's Discussion and Analysis of Financial Condition and Results of Operations. 25 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk. 30 Item 4.

Controls and Procedures

Controls and Procedures. 30

—OTHER INFORMATION

PART II—OTHER INFORMATION Item 1. Legal Proceedings. 30 Item 1A. Risk Factors. 30 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds. 35 Item 3. Defaults Upon Senior Securities. 35 Item 4. Mine Safety Disclosures. 35 Item 5. Other Information. 35 Item 6. Exhibits. 35

—FINANCIAL INFORMATION

PART I—FINANCIAL INFORMATION ITEM 1.

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS. The accompanying interim financial statements of Avant Technologies Inc. (formerly Trend Innovations Holding Inc) ("the Company", "we", "us" or "our"), have been prepared without audit pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with United States generally accepted principles have been condensed or omitted pursuant to such rules and regulations. The interim financial statements are condensed and should be read in conjunction with the company's latest annual financial statements. In the opinion of management, the financial statements contain all material adjustments, consisting only of normal adjustments considered necessary to present fairly the financial condition, results of operations, and cash flows of the Company for the interim periods presented. 3 AVANT TECHNOLOGIES INC. Consolidated Balance Sheets December 31, 2024 (Unaudited) March 31, 2024 ASSETS Current Assets Cash and Cash Equivalents $ 3,070 $ 281 Prepaid Expenses 24,437 115,685 Prepaid Rent - 116 Total Current Assets 27,507 116,082 Fixed Assets Accumulated Depreciation ( 1,500 ) ( 1,500 ) Furniture and Equipment (note 4) 1,500 1,500 Total Fixed Assets - - Intangible Assets, Net (note 5) 147,379 205,932 TOTAL ASSETS $ 174,886 $ 322,014 LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) Liabilities Current Liabilities Accounts Payable $ 1,564,963 $ 1,081,803 Loan from Related Parties (note 6) 541,123 406,777 Convertible Notes Payable (note 7) 204,400 201,000 Notes payable - Related Party - 99,000 Total Current Liabilities 2,310,486 1,788,580 Total Liabilities 2,310,486 1,788,580 Stockholders' Equity (Deficit) Preferred stock, $ 0.001 par value, 20,000,000 shares authorized; 11,300,000 and 10,000,000 common shares iss

View Full Filing

View this 10-Q filing on SEC EDGAR