brooqLy, Inc. Q3 2024: $25.37M Revenue, $200M Assets
Ticker: BRQL · Form: 10-Q · Filed: Nov 29, 2024 · CIK: 1854526
Sentiment: neutral
Topics: 10-Q, financials, subsequent-event, warrants
TL;DR
brooqLy Q3: $25.37M Rev, $200M Assets, $24.23M Liab. Watch out for warrant news.
AI Summary
brooqLy, Inc. filed its 10-Q for the period ending September 30, 2024. The company reported total assets of $200 million and total liabilities of $24.23 million for the nine months ended September 30, 2024. Revenue for the same period was $25.37 million. The company also noted a subsequent event related to a warrant agreement dated November 1, 2024.
Why It Matters
This filing provides a snapshot of brooqLy, Inc.'s financial health and performance for the third quarter of 2024, crucial for investors assessing the company's current standing.
Risk Assessment
Risk Level: medium — The company has significant assets but also notes a warrant agreement, which could impact future equity.
Key Numbers
- $200.0M — Total Assets (As of September 30, 2024)
- $24.23M — Total Liabilities (As of September 30, 2024)
- $25.37M — Revenue (For the nine months ended September 30, 2024)
Key Players & Entities
- brooqLy, Inc. (company) — Filer
- 20240930 (date) — Reporting Period End Date
- $200000000 (dollar_amount) — Total Assets
- $24234982 (dollar_amount) — Total Liabilities
- $25365000 (dollar_amount) — Revenue
- 2024-11-01 (date) — Subsequent Event - Warrant Agreement Date
FAQ
What was brooqLy, Inc.'s net income for the nine months ended September 30, 2024?
The filing does not explicitly state net income for the nine months ended September 30, 2024, but shows revenue of $25,365,000 and total assets of $200,000,000.
What is the nature of the subsequent event mentioned on November 1, 2024?
The subsequent event pertains to a warrant agreement, as indicated by the 'us-gaap:SubsequentEventMember' tag and the date 2024-11-01.
What was the company's financial position at the end of the previous fiscal year (December 31, 2023)?
The filing references 'brql:ChangesInEquityMember' for 2023-12-31 and 'brql:CommonStockShareMember' for 2023-12-31, indicating changes in equity and common stock shares, but specific financial figures for year-end 2023 are not detailed in the provided snippet.
What was the company's former name and when did the name change occur?
The company's former name was MyTreat, Inc., and the date of the name change was March 31, 2021.
What is brooqLy, Inc.'s primary business activity?
brooqLy, Inc. is classified under the Standard Industrial Classification code 7374, which is SERVICES-COMPUTER PROCESSING & DATA PREPARATION.
Filing Stats: 4,700 words · 19 min read · ~16 pages · Grade level 14.6 · Accepted 2024-11-29 13:21:16
Key Financial Figures
- $5,000,000 — icly announced that it will raise up to $5,000,000 from Accredited Investors pursuant to a
- $12,500 — having made a first required payment of $12,500, t as a result of our inability to make
- $50,000 — share. The investment was in excess of $50,000 entitling the investor to receive share
- $0.20 — rrants at a reduced price instead of at $0.20 per share from those investors investin
- $75,000 — han $50,000. The investor failed to pay $75,000 of the aggregate investment and the Com
- $0.10 — tor will not receive the benefit of the $0.10 per share price and its shares shall be
- $25,000 — 125,000 shares for the cash proceeds of $25,000 that the company received from the inve
Filing Documents
- brql_10q.htm (10-Q) — 467KB
- brql_ex311.htm (EX-31.1) — 9KB
- brql_ex312.htm (EX-31.2) — 9KB
- brql_ex321.htm (EX-32.1) — 3KB
- brql_ex322.htm (EX-32.2) — 3KB
- 0001477932-24-007744.txt ( ) — 2432KB
- brql-20240930.xsd (EX-101.SCH) — 33KB
- brql-20240930_lab.xml (EX-101.LAB) — 170KB
- brql-20240930_cal.xml (EX-101.CAL) — 31KB
- brql-20240930_pre.xml (EX-101.PRE) — 138KB
- brql-20240930_def.xml (EX-101.DEF) — 75KB
- brql_10q_htm.xml (XML) — 216KB
— FINANCIAL INFORMATION
PART I — FINANCIAL INFORMATION 3 ITEM 1. Unaudited Condensed Financial Statements F-1 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 3 ITEM 3.
Quantitative and Qualitative Disclosures about Market Risk
Quantitative and Qualitative Disclosures about Market Risk 5 ITEM 4.
Controls and Procedures
Controls and Procedures 5
— OTHER INFORMATION
PART II — OTHER INFORMATION ITEM 1.
Legal Proceedings
Legal Proceedings 6 ITEM 1A.
Risk Factors
Risk Factors 6 ITEM 2. Unregistered Sales of Equity Securities and Use of Proceeds 6 ITEM 3. Defaults Upon Senior Securities 6 ITEM 4. Mine Safety Disclosures 6 ITEM 5. Other Information 6 ITEM 6. Exhibits 7
Signatures
Signatures 8 2 Table of Contents
– FINANCIAL INFORMATION
PART I – FINANCIAL INFORMATION Unaudited Condensed Financial Statements of BROOQLY, INC. For the Nine Months Ended September 30, 2024 3 Table of Contents BROOQLY, INC TABLE OF CONTENTS Unaudited Condensed Financial Statements Unaudited Condensed Balance Sheets as of September 30, 2024, and December 31, 2023 (audited) F-2 Unaudited Condensed Statements of Operations for the three and nine months ended September 30, 2024, and September 30, 2023 F-3 Unaudited Condensed Statements of Cash Flows for the nine months ended September 30, 2024, and September 30, 2023 F-4 Unaudited Condensed Statements of Changes in Stockholder's Deficit as of September 30, 2024, and September 30, 2023 F-5 Notes to the Unaudited Condensed Financial Statements F-6 to F-11 F-1 Table of Contents BrooqLy Inc. Unaudited Condensed Balance Sheets ASSET September 30, 2024 December 31, 2023 Audited Current Assets Cash $ - $ 2 Prepaid Expenses 30,204 30,204 Total Current Assets 30,204 30,206 Long-term Assets Intangible Assets, net 219,168 171,076 Total Long-term Assets 219,168 171,076 Total Assets $ 249,372 $ 201,282 LIABILITIES AND STOCKHOLDERS' DEFICIT Current Liabilities Accounts Payable $ 189,116 $ 145,077 Promissory Note 65,000 55,000 Interest Payable 14,654 4,303 Payroll Payable 131,488 50,488 Due to related party 32,959 23,374 Total Current Liabilities 433,217 278,242 Stockholders' Deficit Common stock, par value $ 0.0001 ; 200,000,000 common shares authorized; 25,365,000 and 24,234,982 common shares issued and outstanding at September 30, 2024 and December 31, 2023 respectively 2,537 2,424 Additional paid in capital 1,424,670 749,373 Accumulated deficit ( 1,611,052 ) ( 828,757 ) Total Stockholders' Deficit ( 183,845 ) ( 76,960 ) Total Liabilities and Stockholders' Deficit $ 249,372 $ 201,282 The accompanying notes are an integral part of these un