Lingerie Fighting Championships Reports Q3 2024 Results
Ticker: BOTY · Form: 10-Q · Filed: Jan 8, 2025 · CIK: 1407704
| Field | Detail |
|---|---|
| Company | Lingerie Fighting Championships, INC. (BOTY) |
| Form Type | 10-Q |
| Filed Date | Jan 8, 2025 |
| Risk Level | high |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $70,000, $0, $20,000 |
| Sentiment | bearish |
Sentiment: bearish
Topics: 10-Q, financials, warrants, loss
TL;DR
LFC is bleeding cash but issuing warrants. Expect dilution.
AI Summary
Lingerie Fighting Championships, Inc. filed its 10-Q for the period ending September 30, 2024. The company reported minimal revenue and significant operating expenses, resulting in a net loss. Key events include the issuance of warrants to Auctus Fund LLC in December 2024, impacting potential future dilution.
Why It Matters
This filing provides insight into the financial health and operational activities of Lingerie Fighting Championships, Inc., which could affect investor decisions and the company's future growth prospects.
Risk Assessment
Risk Level: high — The company has minimal revenue and significant operating losses, indicating a high risk of financial distress.
Key Numbers
- $0.001 — Revenue (Minimal revenue reported for the period.)
- $4,504,844,036 — Total Assets (This appears to be an unusually large number and may require further investigation within the full filing.)
- $3,896,928,536 — Total Liabilities (This also appears to be an unusually large number and may require further investigation within the full filing.)
Key Players & Entities
- LINGERIE FIGHTING CHAMPIONSHIPS, INC. (company) — Filer
- 20240930 (date) — Reporting Period End Date
- Auctus Fund LLC (company) — Warrant Holder
- 2024-12-01 (date) — Warrant Issuance Date
- 2024-12-09 (date) — Warrant Issuance Date
FAQ
What was the net income or loss for the quarter ending September 30, 2024?
The filing indicates a net loss, with specific figures not immediately apparent in the provided snippet but implied by the operational context.
What are the terms of the warrants issued to Auctus Fund LLC?
The filing mentions the issuance of first and second warrants to Auctus Fund LLC on December 1, 2024, and December 9, 2024, but specific terms like exercise price and expiration are not detailed in the snippet.
What is the company's primary source of revenue?
The filing does not explicitly state the primary source of revenue in the provided snippet, but the company's SIC code suggests amusement and recreation services.
What were the total operating expenses for the period?
Specific operating expense figures are not detailed in the provided snippet, but the context implies significant expenses relative to revenue.
Has the company undergone any name changes recently?
The company was formerly known as CALA ENERGY CORP. and XODTEC LED, INC., with name changes occurring in 2013.
Filing Stats: 4,517 words · 18 min read · ~15 pages · Grade level 15.5 · Accepted 2025-01-08 13:55:30
Key Financial Figures
- $70,000 — (including stock-based compensation of $70,000 and $0, respectively) 103,456 47,676
- $0 — stock-based compensation of $70,000 and $0, respectively) 103,456 47,676 179,
- $20,000 — (including stock-based compensation of $20,000 and $0, respectively) 20,000 - 20,
Filing Documents
- boty_10q.htm (10-Q) — 807KB
- boty_ex311.htm (EX-31.1) — 12KB
- boty_ex321.htm (EX-32.1) — 4KB
- 0001640334-25-000046.txt ( ) — 4214KB
- boty-20240930.xsd (EX-101.SCH) — 41KB
- boty-20240930_lab.xml (EX-101.LAB) — 235KB
- boty-20240930_cal.xml (EX-101.CAL) — 32KB
- boty-20240930_pre.xml (EX-101.PRE) — 203KB
- boty-20240930_def.xml (EX-101.DEF) — 115KB
- boty_10q_htm.xml (XML) — 652KB
- 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 21 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 25 Item 4.
Controls and Procedures
Controls and Procedures 25
- OTHER INFORMATION
PART II - OTHER INFORMATION Item 1.
Legal Proceedings
Legal Proceedings 26 Item 1A.
Risk Factors
Risk Factors 26 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 26 Item 3. Defaults Upon Senior Securities 26 Item 4. Mine Safety Disclosures 26 Item 5. Other Information 26 Item 6. Exhibits 27
SIGNATURES
SIGNATURES 28 2 Table of Contents
- FINANCIAL INFORMATION
PART I - FINANCIAL INFORMATION
Financial Statements
Item 1. Financial Statements LINGERIE FIGHTING CHAMPIONSHIPS, INC. BALANCE SHEETS September 30, December 31, 2024 2023 (Unaudited) ASSETS Current Assets Cash and cash equivalents $ 12,835 $ 5,295 Total Current Assets $ 12,835 $ 5,295 LIABILITIES AND STOCKHOLDERS' DEFICIT Current Liabilities Accounts payable and accrued liabilities $ 1,932 $ 10,495 Accounts payable - related party 721,128 642,128 Accrued interest payable 856,135 669,015 Promissory notes in default 340,000 340,000 Convertible notes in default 705,974 619,530 Convertible notes, net of $ 98,108 and $ 64,016 debt discount, respectively 114,892 84,428 Derivative liabilities 2,946,476 1,838,806 Total Current Liabilities 5,686,537 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 - - Common stock, par value $ 0.001 per share, 10,000,000,000 shares authorized, 4,504,844,036 and 3,896,928,536 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively 4,504,846 3,896,930 Additional paid-in capital 734,640 1,206,572 Accumulated deficit ( 10,913,188 ) ( 9,302,609 ) Total stockholders' deficit ( 5,673,702 ) ( 4,199,107 ) TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 12,835 $ 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 Nine Months Ended September 30, September 30, 2024 2023 2024 2023 Revenue $ 23,533 $ 32,455 $ 103,041 $ 88,758 Cost of services 12,509 10,449 70,052 51,252 GROSS PROFIT 11,024 22,006 32,989 37,506 OPERATING EXPENSES Management salaries 30,000 30,000 90,000 90,000 Selling, general and administrative expenses 15,