Blue Line Protection Group Files 10-Q/A

TL;DR

Blue Line Protection Group (BLPG) filed an amended Q2 10-Q. Updated financials are in.

AI Summary

Blue Line Protection Group, Inc. filed an amended 10-Q for the period ending June 30, 2024. The filing, dated September 3, 2024, provides updated financial information and disclosures. The company, formerly Engraving Masters, Inc., is incorporated in Nevada and operates in miscellaneous retail.

Why It Matters

This amended filing provides updated financial and operational details for investors and stakeholders, reflecting the company's performance and disclosures as of June 30, 2024.

Risk Assessment

Risk Level: low — This is a routine amended filing providing updated financial information, not indicating new or significant risks.

Key Numbers

• 20240630 — Period End Date (The filing covers financial information up to this date.)
• 20240903 — Filing Date (This is the date the amended 10-Q was submitted to the SEC.)

Key Players & Entities

• Blue Line Protection Group, Inc. (company) — Filer of the 10-Q/A
• Engraving Masters, Inc. (company) — Former name of Blue Line Protection Group, Inc.
• 20240630 (date) — Conformed period of report for the 10-Q/A
• 20240903 (date) — Filed as of date for the 10-Q/A

FAQ

Filing Documents

• form10-qa.htm (10-Q/A) — 837KB
• ex31-1.htm (EX-31.1) — 12KB
• ex31-2.htm (EX-31.2) — 12KB
• ex32.htm (EX-32) — 7KB
• 0001493152-24-034700.txt ( ) — 5250KB
• blpg-20240630.xsd (EX-101.SCH) — 36KB
• blpg-20240630_cal.xml (EX-101.CAL) — 50KB
• blpg-20240630_def.xml (EX-101.DEF) — 176KB
• blpg-20240630_lab.xml (EX-101.LAB) — 360KB
• blpg-20240630_pre.xml (EX-101.PRE) — 299KB
• form10-qa_htm.xml (XML) — 786KB

Notes to Financial Statements (Unaudited)

Notes to Financial Statements (Unaudited) F-5 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. 4 ITEM 4.

CONTROLS AND PROCEDURES

CONTROLS AND PROCEDURES. 8

OTHER INFORMATION

PART II. OTHER INFORMATION ITEM 5. OTHER INFORMATION 9 ITEM 6. EXHIBITS. 9 3 BLUE LINE PROTECTION GROUP, INC. CONSOLIDATED BALANCE SHEETS June 30, December 31, 2024 2023 Assets Current assets: Cash and equivalents $ 821,687 $ 585,780 Accounts receivable 328,447 368,352 Prepaid expenses and deposits 34,398 34,174 Total current assets 1,184,532 988,306 Long-term assets: Right to use assets 514,047 586,620 Machinery and equipment, net of accumulated depreciation of $ 818,063 and $ 754,281 , respectively 219,313 254,171 Fixed assets of discontinued operations 2,782 2,782 Total long term assets 736,142 843,573 Security Deposit 28,960 28,960 Total assets 1,949,634 1,860,839 Liabilities and Stockholders' Deficit Current liabilities: Accounts payable and accrued liabilities $ 527,056 $ 511,622 Financed lease liabilities - 22,022 Notes payable - related parties 152,771 152,771 Convertible notes payable - related parties, net of unamortized discount 638,500 638,500 Current portion of operating lease obligation 147,668 121,519 Derivative liabilities 704,143 503,584 Total current liabilities 2,170,138 1,950,018 Long-term liabilities: Financed lease liabilities - long term - 15,545 Notes payable - related parties 656,424 773,989 Operating lease liability-long term 420,580 494,215 Total long-term liabilities 1,077,004 1,283,749 Total liabilities 3,247,142 3,233,767 Stockholders' deficit: Preferred Stock, $ 0.001 par value, 1,000,000 shares authorized, 200,000 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively 200 200 Common Stock, $ 0.001 par value, 14,000,000 shares authorized, 8,250,144 and 8,250,144 issued and outstanding as of June 30, 2024 and December 31, 2023, respectively 8,251 8,251 Common Stock, owed but not issued, 129 shares and 129 shares as of June 30, 2024 and December 31, 2023, respectively 13 13

financial statements

financial statements The unaudited interim consolidated financial statements included herein, presented in accordance with United States generally accepted accounting principles and stated in US dollars, have been prepared by the Company, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (SEC). Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to such rules and regulations, although the Company believes that the disclosures are adequate to make the information presented not misleading. In the opinion of management, these statements reflect all adjustments, all of which are of a normal recurring nature, which, in the opinion of management, are necessary for fair presentation of the information contained therein. It is suggested that these interim financial included in the Company's annual report on Form 10-K. The Company follows the same accounting policies in the preparation of interim reports. Results of operations for the interim periods are not indicative of annual results. F-5 Basis of presentation The consolidated financial statements present the balance sheets, statements of operations, stockholders' equity (deficit) and cash flows of the Company. The consolidated financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America. The Company has adopted December 31 as its fiscal year end. Derivatives The Company evaluates convertible notes payable, stock options, stock warrants and other contracts to determine if those contracts or embedded components of those contracts qualify as derivatives to be separately accounted for under the relevant se

View Full Filing

View this 10-Q/A filing on SEC EDGAR