Lingerie Fighting Championships Files 10-Q

TL;DR

LFC filed their Q2 10-Q. Nevada-based entertainment company.

AI Summary

Lingerie Fighting Championships, Inc. filed a 10-Q for the period ending June 30, 2024. The company, formerly known as Cala Energy Corp. and Xodtec LED, Inc., is incorporated in Nevada and operates in the amusement and recreation services sector. Their business address is in Las Vegas, NV.

Why It Matters

This filing provides investors with an update on the financial health and operational status of Lingerie Fighting Championships, Inc. for the second quarter of 2024.

Risk Assessment

Risk Level: medium — The company operates in the entertainment sector, which can be subject to fluctuating consumer interest and competition, and the filing itself does not provide detailed financial performance metrics to assess risk.

Key Numbers

• 0.001 — Value (Likely a placeholder or very small value, needs further context from full filing.)
• 10000000 — Value (Likely a placeholder or very small value, needs further context from full filing.)
• 3954844036 — Value (Likely a placeholder or very small value, needs further context from full filing.)
• 3896928536 — Value (Likely a placeholder or very small value, needs further context from full filing.)

Key Players & Entities

• LINGERIE FIGHTING CHAMPIONSHIPS, INC. (company) — Filer
• CALA ENERGY CORP. (company) — Former Company Name
• XODTEC LED, INC. (company) — Former Company Name
• LAS VEGAS (location) — Business Address City
• NV (location) — Business Address State
• 20240630 (date) — Reporting Period End Date

FAQ

Filing Documents

• boty_10q.htm (10-Q) — 760KB
• boty_ex311.htm (EX-31.1) — 13KB
• boty_ex321.htm (EX-32.1) — 4KB
• 0001640334-24-001502.txt ( ) — 3999KB
• boty-20240630.xsd (EX-101.SCH) — 38KB
• boty-20240630_lab.xml (EX-101.LAB) — 224KB
• boty-20240630_cal.xml (EX-101.CAL) — 32KB
• boty-20240630_pre.xml (EX-101.PRE) — 189KB
• boty-20240630_def.xml (EX-101.DEF) — 99KB
• boty_10q_htm.xml (XML) — 626KB

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION Item 1.

Financial Statements

Financial Statements 3 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 20 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 24 Item 4.

Controls and Procedures

Controls and Procedures 24

- OTHER INFORMATION

PART II - OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 25 Item 1A.

Risk Factors

Risk Factors 25 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 25 Item 3. Defaults Upon Senior Securities 25 Item 4. Mine Safety Disclosures 25 Item 5. Other Information 25 Item 6. Exhibits 26

SIGNATURES

SIGNATURES 27 2 Table of Contents

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements LINGERIE FIGHTING CHAMPIONSHIPS, INC. BALANCE SHEETS June 30, December 31, 2024 2023 (Unaudited) ASSETS Current Assets Cash and cash equivalents $ 10,449 $ 5,295 Total Current Assets $ 10,449 $ 5,295 LIABILITIES AND STOCKHOLDERS' DEFICIT Current Liabilities Accounts payable and accrued liabilities $ 1,450 $ 10,495 Accounts payable - related party 697,628 642,128 Accrued interest payable 790,626 669,015 Promissory notes in default 340,000 340,000 Convertible notes in default 619,530 619,530 Convertible notes in default net of $ 108,919 and $ 64,016 debt discount, respectively 140,525 84,428 Derivative liabilities 2,440,532 1,838,806 Total Current Liabilities 5,030,291 4,204,402 Commitments and Contingencies (Note 10) STOCKHOLDERS' DEFICIT Preferred stock, par value $ 0.001 per share, 10,000,000 shares authorized, 51 shares issued and outstanding as of June 30, 2024 and December 31, 2023 - - Common stock, par value $ 0.001 per share, 10,000,000,000 shares authorized, 3,954,844,036 and 3,896,928,536 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively 3,954,846 3,896,930 Additional paid-in capital 1,168,356 1,206,572 Accumulated deficit ( 10,143,044 ) ( 9,302,609 ) Total stockholders' deficit ( 5,019,842 ) ( 4,199,107 ) TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 10,449 $ 5,295 The accompanying notes are an integral part of these unaudited financial statements. 3 Table of Contents LINGERIE FIGHTING CHAMPIONSHIPS, INC. (UNAUDITED) Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Revenue $ 34,480 $ 31,108 $ 79,508 $ 56,303 Cost of services 23,340 15,957 57,543 40,803 GROSS PROFIT 11,140 15,151 21,965 15,500 OPERATING EXPENSES Management salaries 30,000 30,000 60,000 60,000 Selling, general

View Full Filing

View this 10-Q filing on SEC EDGAR