Awaysis Capital Files 10-K/A Amendment

TL;DR

Awaysis Capital filed an amended 10-K for FY23, check for updated financials.

AI Summary

Awaysis Capital, Inc. filed an amendment (10-K/A) on July 22, 2024, for the fiscal year ending June 30, 2023. The filing provides updated financial information and disclosures for the company, which operates as an operator of nonresidential buildings. Previous names for the company include JV GROUP, INC., ASPI, INC., and ASPEON INC.

Why It Matters

This amended filing provides updated financial and operational details for Awaysis Capital, Inc., crucial for investors and stakeholders to assess the company's performance and position.

Risk Assessment

Risk Level: low — This is an amendment to a previous filing, likely for corrections or updates, rather than a new material event.

Key Numbers

• 2023-06-30 — Fiscal Year End (Reporting period for the 10-K/A)
• 2024-07-22 — Filing Date (Date the amendment was submitted to the SEC)

Key Players & Entities

• Awaysis Capital, Inc. (company) — Filer
• JV GROUP, INC. (company) — Former Company Name
• ASPI, INC. (company) — Former Company Name
• ASPEON INC (company) — Former Company Name
• 6512 (industry_code) — Standard Industrial Classification

FAQ

Key Financial Figures

• $0.01 — (g) of the Act: Common Stock, par value $0.01 Indicate by check mark if the registr
• $11.4 million — greements was at the appraisal value of $11.4 million (excluding transaction costs and fees)
• $2.6 million — ination of a Purchase Money Mortgage of $2.6 million at 0% interest rate, payable on demand,
• $280,000 — on demand, a Purchase Money Mortgage of $280,000 at 0% interest rate that was paid on Au
• $0.150 — arket price on the date of appraisal of $0.150. As the first acquisition by the Compan
• $500,000 — horne"), for aggregate consideration of $500,000, or approximately $0.0051 per share. Th
• $0.0051 — ideration of $500,000, or approximately $0.0051 per share. This transaction was deemed

Filing Documents

• form10-ka.htm (10-K/A) — 1000KB
• ex4-vi.htm (EX-4.6) — 8KB
• ex10-6.htm (EX-10.6) — 67KB
• ex10-7.htm (EX-10.7) — 66KB
• ex10-8.htm (EX-10.8) — 23KB
• ex10-9.htm (EX-10.9) — 23KB
• ex10-10.htm (EX-10.10) — 41KB
• ex10-11.htm (EX-10.11) — 41KB
• ex31-1.htm (EX-31.1) — 13KB
• ex31-2.htm (EX-31.2) — 13KB
• ex32-1.htm (EX-32.1) — 6KB
• ex32-2.htm (EX-32.2) — 6KB
• aud_001.jpg (GRAPHIC) — 8KB
• aud_002.jpg (GRAPHIC) — 8KB
• form10ka_001.jpg (GRAPHIC) — 3KB
• 0001493152-24-028625.txt ( ) — 3950KB
• awca-20230630.xsd (EX-101.SCH) — 24KB
• awca-20230630_cal.xml (EX-101.CAL) — 38KB
• awca-20230630_def.xml (EX-101.DEF) — 94KB
• awca-20230630_lab.xml (EX-101.LAB) — 224KB
• awca-20230630_pre.xml (EX-101.PRE) — 169KB
• form10-ka_htm.xml (XML) — 317KB

Financial Statements")

Financial Statements"). Accordingly, this Amendment is being filed to: include the 2022 Reaudited Consolidated Financial Statements; include an updated and reissued auditor's report relating to the 2022 Reaudited Consolidated Financial Statements and the consolidated financial statements for the fiscal year ended June 30, 2023 (the "Reissued Auditor's Report"), as of July 18, 2024 (the "Report Date"); remove the Company's going concern qualifications as of the Report Date, after taking into account certain financing transactions subsequent to June 30, 2023, and updating the "Stockholders' Equity (Deficit)", "Subsequent Events" and "Going Concern" notes to the consolidated financial statements through the Report Date; fix a typographical error in Item 5 - Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities - Equity Compensation Plan Information Table; and include Exhibit 4(vi), which was inadvertently omitted from the Form 10-K. This Amendment does not affect any other items in the Form 10-K and otherwise is presented as of the filing date of the Form 10-K, even if the disclosure was amended in other Company filings subsequent to the filing date of the Form 10-K. Because consolidated financial statements are contained in this Amendment, we are including certifications under section 906 of the Sarbanes-Oxley Act of 2002. i TABLE OF CONTENTS Page PART I Item 1.

Business

Business 1 Item 1A.

Risk Factors

Risk Factors 6 Item 1B. Unresolved Staff Comments 12 Item 1C. Cybersecurity 12 Item 2.

Properties

Properties 12 Item 3.

Legal Proceedings

Legal Proceedings 13 Item 4. Mine Safety Disclosures 13 PART II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 13 Item 6. [Reserved] 14 Item 7.

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

Management's Discussion and Analysis of Financial Condition and Results of Operations 14 Item 7A.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 17 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 17 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 17 Item 9A.

Controls and Procedures

Controls and Procedures 17 Item 9B. Other Information 18 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 18 PART III Item 10. Directors, Executive Officers and Corporate Governance 18 Item 11.

Executive Compensation

Executive Compensation 21 Item 12.

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

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 24 Item 13. Certain Relationships and Related Transactions, and Director Independence 25 Item 14. Principal Accountant Fees and Services 26 PART IV Item 15. Exhibits and Financial Statement Schedules 27 Item 16 Form 10-K Summary 27 ii NOTE REGARDING REFERENCES TO OUR COMPANY Throughout this Form 10-K, the words "we," "us," "our," the "Company" and "Awaysis" refer to Awaysis Capital, Inc., a Delaware corporation, and, unless the context otherwise requires, our directly and indirectly wholly owned subsidiaries. CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This Annual Report on Form 10-K contains forward-looking statements. Forward-looking statements convey management's expectations as to the future of Awaysis, and are based on management's beliefs, expectations, assumptions and such plans, estimates, projections and other information available to management at the time Awaysis makes such statements. Forward-looking statements include all statements that are not historical facts and may be identified by terminology such as the words "outlook," "believe," "expect," "potential," "goal," "continues," "may," "will," "should," "could,", "would", "seeks," "approximately," "projects," predicts," "intends," "plans," "estimates," "anticipates" "future," "guidance," "target," or the negative version of these words or other comparable words, although not all forward-looking statements may contain such words. The forward-looking statements contained in this Annual Report on Form 10-K may include statements related to Awaysis' revenues, earnings, taxes, cash flow and related financial and operating measures, and expectations with respect to future operating, financial and business performance, and other anticipated future events and expectations that are not historical facts. Awaysis cautions you that our forward-looking statements involve known and

View Full Filing

View this 10-K/A filing on SEC EDGAR