Bravo Multinational Inc. Files 2023 Annual Report (10-K)

TL;DR

<b>Bravo Multinational Inc. has filed its 2023 10-K annual report, detailing its operations and financial status for the year ended December 31, 2023.</b>

AI Summary

Bravo Multinational Inc. (BRVO) filed a Annual Report (10-K) with the SEC on March 29, 2024. Bravo Multinational Inc. filed its 10-K annual report for the fiscal year ended December 31, 2023. The company was formerly known as GoldLand Holdings Corp., GoldCorp Holdings Corp., and GoldCorp Holding Co. Bravo Multinational Inc. is incorporated in Wyoming (WY). The company's principal business address is 2020 General Booth Blvd Unit 230, Virginia Beach, VA 23454. The filing covers the fiscal year from January 1, 2023, to December 31, 2023.

Why It Matters

For investors and stakeholders tracking Bravo Multinational Inc., this filing contains several important signals. This 10-K filing provides a comprehensive overview of Bravo Multinational Inc.'s financial performance, strategic initiatives, and risk factors for the fiscal year 2023, crucial for investors to assess the company's health and future prospects. Understanding the company's historical name changes and corporate structure, as detailed in the filing, is important for tracking its evolution and potential impacts on its current business operations and market perception.

Risk Assessment

Risk Level: low — Bravo Multinational Inc. shows low risk based on this filing. The filing is a standard 10-K annual report, which typically contains routine financial and operational disclosures without immediate, significant market-moving information.

Analyst Insight

Investors should review the detailed financial statements and risk factors within the 10-K to understand Bravo Multinational Inc.'s performance and outlook for the upcoming fiscal year.

Key Numbers

• 2023-12-31 — Fiscal Year End (Reporting period)
• 2024-03-29 — Filing Date (Date of submission)
• 757-306-6090 — Business Phone (Contact number)
• 23454 — ZIP Code (Business address)

Key Players & Entities

• Bravo Multinational Inc. (company) — Filer name
• GoldLand Holdings Corp. (company) — Former company name
• GoldCorp Holdings Corp. (company) — Former company name
• GoldCorp Holding Co. (company) — Former company name
• Virginia Beach (company) — City in business address
• 2020 General Booth Blvd Unit 230 (company) — Street address
• Wyoming (company) — State of incorporation
• 2023-12-31 (date) — Fiscal year end

FAQ

Industry Context

Bravo Multinational Inc. operates within the Services-Miscellaneous Amusement & Recreation sector (SIC code 7990).

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934, requiring public companies to submit annual reports detailing their financial health and operations.

What Investors Should Do

1. Review the full 10-K filing for detailed financial statements and management's discussion and analysis.
2. Analyze the risk factors section to understand potential challenges and uncertainties facing Bravo Multinational Inc.
3. Compare the 2023 financial data with previous years to identify trends and performance changes.

Key Dates

• 2023-12-31: Fiscal Year End — End of the reporting period for the 10-K filing.
• 2024-03-29: Filing Date — Date the 10-K report was officially submitted to the SEC.

Year-Over-Year Comparison

This is the initial 10-K filing for Bravo Multinational Inc. for the fiscal year ended December 31, 2023. Previous filings were under former company names.

Key Financial Figures

• $0.0001 — e Exchange Act: Common stock, par value $0.0001 per share; Stock Symbol BRVO. Indicate
• $0.48 — nce to the average bid and ask price of $0.48 per share of the registrant's common st
• $0 — s Preferred 'A' stock at a par value of $0.0001, which has the same characteristic
• $455.45 billion — ed the global video streaming market at $455.45 billion in 2022. It is projected to grow from $
• $554.33 billion — n in 2022. It is projected to grow from $554.33 billion in 2023 to $1.9 trillion by 2030, achie
• $1.9 — to grow from $554.33 billion in 2023 to $1.9 trillion by 2030, achieving a CAGR of 1
• $0.049 — al 2022 Quarter Ended March 31, 2022 $0.049 $0.049 June 30, 2022 $0.035 $0.035
• $0.035 — , 2022 $0.049 $0.049 June 30, 2022 $0.035 $0.035 September 30, 2022 $0.041 $
• $0.041 — 2 $0.035 $0.035 September 30, 2022 $0.041 $0.041 December 31, 2022 $ 0.05 $
• $0.0589 — al 2023 Quarter Ended March 31, 2023 $0.0589 $0.0589 June 30, 2023 $ 0.48 $ 0.4
• $1,656,167 — ard of directors' fees in the amount of $1,656,167 and amounts due to the two current dire
• $203,602 — two current directors in the amount of $203,602. -4- On April 12, 2023, the board of
• $9,760,000 — ). The purchase price for the assets is $9,760,000, consisting of convertible promissory n
• $7,760,000 — tible promissory notes in the amount of $7,760,000 and the assumption of $2,000,000 in STV
• $2,000,000 — unt of $7,760,000 and the assumption of $2,000,000 in STV debt. Directors The following

Filing Documents

• brvo1231202310k.htm (10-K) — 419KB
• ex31_1.htm (EX-31.1) — 5KB
• ex31_2.htm (EX-31.2) — 5KB
• ex32_1.htm (EX-32.1) — 2KB
• ex32_2.htm (EX-32.2) — 2KB
• 0001091818-24-000032.txt (&nbsp;) — 2290KB
• brvo-20231231.xsd (EX-101.SCH) — 23KB
• brvo-20231231_cal.xml (EX-101.CAL) — 28KB
• brvo-20231231_def.xml (EX-101.DEF) — 56KB
• brvo-20231231_lab.xml (EX-101.LAB) — 200KB
• brvo-20231231_pre.xml (EX-101.PRE) — 156KB
• brvo1231202310k_htm.xml (XML) — 151KB

Business

Business 2 Item 1A.

Risk Factors

Risk Factors 3 Item 1B. Unresolved Staff Comments. 3 Item 2. Property 3 Item 3.

Legal Proceedings

Legal Proceedings 3 Item 4. Mine Safety Disclosures 3 PART II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 4 Item 6.

Selected Financial Data

Selected Financial Data 5 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 5 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 7 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 7 Item 9 Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 7 Item 9A.

Controls And Procedures

Controls And Procedures 7 Item 9B. Other Information 8 PART III Item 10. Directors, Executive Officers and Corporate Governance 9 Item 11.

Executive Compensation

Executive Compensation 11 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 13 Item 13. Certain Relationships and Related Transactions and Director Independence 13 Item 14. Principal Accountant Fees and Services 13 PART IV Item 15. Exhibits, Financial Statement Schedules 14

Signatures

Signatures 15 -1- SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS PART I Except for historical information, this report contains forward-looking forward-looking statements involve risks and uncertainties, including, among other things, statements regarding our business strategy, future revenues and anticipated costs and expenses. Such forward-looking statements include, among others, those statements including the words "expects," "anticipates," "intends," "believes" and similar language. Our actual results may differ significantly from those projected in the forward-looking statements. Factors that might cause volatile and intensely competitive environment in the business sectors in which we operate, rapid technological change, and our dependence on key and scarce employees in a competitive market for skilled personnel. These factors should not be considered exhaustive; we undertake no obligation to release publicly the results of any future revisions we may make to forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events, as well as those discussed in the section "Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations." You are cautioned not to place undue reliance on the forward-looking statements, which speak only as of the date of this report. We undertake no obligation to publicly release any revisions to the forward-looking statements or reflect events or circumstances taking place after the date of this document.

Business

Item 1. Business. Company Overview We were originally formed as Montrose Ventures, Inc. in the State of Delaware on May 25, 1989. On April 23, 1996, our name was changed to Java Group, Inc., which tried and failed to start a chain of coffee bars. On September 1, 2004, our name was changed to Consolidated General Corp., and under that name the company attempted to buy tier 2 and 3 professional sports teams, including the Vancouver Ravens lacrosse team and the "San Diego Soccers" soccer team. On August 7, 2007, our name was changed to Goldcorp Holdings Co. On October 15, 2010, our name was changed to GoldLand Holdings Co. On March 22, 2016, the board of directors of the Registrant, pursuant to Section 242 of the Delaware General Corporation Law, determined it was in the best interest of the Registrant that the name of the Registrant should be changed to Bravo Multinational Incorporated, to reflect its new business, which is the purchase and leasing of gaming equipment. The change of name was effective upon compliance with all regulatory requirements mandated by FINRA. Further, as a result of the change of the Registrants name the trading symbol for the shares of the Registrant's common stock has been changed to "BRVO." Registrant's CUSIP identifier has been changed to 10568F109. The Registrant filed a Form 8-K with the SEC on April 7, 2016, announcing the change of name, trading symbol, and CUSIP identifier. On January 16, 2017, The Board of Directors of the Company unanimously approved an amendment to the Company's Articles of Incorporation in order to effect a plan of recapitalization that provides for a one-for-three hundred (1-for-300) reverse stock split of our common stock. Pursuant to written resolutions, the shareholders of the Company voted to approve the proposal to authorize the reverse split. The reverse stock split took effect, after filing a Certificate of Amendment to the Articles of Incorporation with the Secretary of State of the State of Delaw

Risk Factors

Item 1A. Risk Factors Not applicable to smaller reporting companies. Item1B. Unresolved Staff Comments. None.

Properties

Item 2. Properties. The Company office is located at 2020 General Booth Blvd, Unit 230, Virginia Beach, VA 23454. Current rent expense is zero, since the Company is sharing office space at no cost with its Director and CFO, Mr. Richard Kaiser. A description of our mining properties is included in Item 1. Above under the heading "Business-Former Business" and is incorporated herein by reference. We have written-off the cost of the mining properties inasmuch as the value of any future revenue is unknown. We believe that we have good title to our mining properties, subject to liens incident to minor encumbrances, liens for credit arrangements and easements and restrictions that do not materially detract from the value of these properties, our interests in these properties, or the use of these properties in a business. We have no plans to revive our mining operations at this time, although, we continue to evaluate the benefits of doing so. Our mining claims are listed below: Name Type of Claim Acres Poorman Lode Claim 29.167% Patented 3.44 London Lode Claim 29.167% Patented 17.52 North Empire Lode Claim 29.167% Patented 1.25 Illinois Central Lode Claim 29.167% Patented 2.85 South Poorman Lode Claim 29.167% Patented 20.57 Jackson Lode Claim 29.167% Patented 10.34 Oso Lode Claim 29.167% Patented 20.66 A patented mining claim is one which the federal government has passed title to the claimant, making the claimant the owner of the surface and mineral rights. An unpatented mining claim is one which is still owned by the federal government, but which the claimant has a right to possession to extracted minerals, provided the land is open to mineral extraction.

Legal Proceedings

Item 3. Legal Proceedings. None

Mine Safety Disclosure

Item 4. Mine Safety Disclosure. Not applicable. -3- PART II

Market for Registrant's Common Equity, Related Stockholder

Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities. Our common stock trades on the OTC Markets - Pink, OTCPK, under the trading symbol "BRVO." The following table sets forth the high and low bid prices for our common stock on the OTCPK as reported by various market makers: High Low Fiscal 2022 Quarter Ended March 31, 2022 $0.049 $0.049 June 30, 2022 $0.035 $0.035 September 30, 2022 $0.041 $0.041 December 31, 2022 $ 0.05 $ 0.05 High Low Fiscal 2023 Quarter Ended March 31, 2023 $0.0589 $0.0589 June 30, 2023 $ 0.48 $ 0.48 September 30, 2023 $ 0.18 $ 0.18 December 31, 2023 $ 0.40 $ 0.17 As of December 31, 2023 we had 47,641,011 shares of our common stock outstanding. Our shares of common stock are held by approximately 132 stockholders of record. The number of record holders was determined from the records of our transfer agent and does not include beneficial owners of our common stock whose shares are held in the names of various securities brokers, dealers, and registered clearing agencies. Dividends We have not paid or declared any dividends on our common stock, nor do we anticipate paying any cash dividends or other distributions on our common stock in the foreseeable future. Any future dividends will be declared at the discretion of our board of directors and will depend, among other things, on our earnings, if any, our financial requirements for future operations and growth, and other factors as our board of directors may then deem appropriate. Preferred Stock Bravo Multinational, Inc. is authorized to issue an unlimited number of shares of "Blank Check" Preferred stock, with a par value of $0.0001 per share. There are no "Blank Check" preferred shares outstanding and there is no trading market for our "Blank Check" preferred stock. . Additionally, the Company is authorized to issue Series 'A' Preferred stock. The Series 'A' Preferred stock has a

Selected Financial Data

Item 6. Selected Financial Data. Not applicable.

Management's Discussion and Analysis of Financial Condition

Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations. THE FOLLOWING DISCUSSION SHOULD BE READ TOGETHER WITH THE INFORMATION CONTAINED IN THE FINANCIAL STATEMENTS AND RELATED NOTES INCLUDED ELSEWHERE IN THIS ANNUAL REPORT ON FORM 10-K. The following discussion reflects our plan of operation. This discussion should be read in conjunction with the financial statements which are attached to this report. This discussion contains forward-looking and uncertainties. Our actual results could differ materially from the results described in or implied by these forward-looking statements as a result of various factors, including those discussed below and elsewhere in this report, particularly under the headings "Special Note Regarding Forward-Looking Statements." Unless the context otherwise suggests, "we," "our," "us," and similar terms, as well as references to "BRVO" and "Bravo Multinational Incorporated," all refer to the "Company". As mentioned above, over the years, and prior to our entry into the entertainment, hospitality, and technology sectors, we were in the businesses of leasing and selling gaming equipment at one point and at another point we were in the business of owning and leasing mining claims; see "Item 1. Business - Former Business." For a complete discussion of our former businesses, please see our previous Form 10-Ks, 10-Qs, and 8-Ks filed with the SEC. -5- Going Concern Our auditors have noted in the footnotes to our financial statements that there is substantial doubt about our ability to continue as a going concern. (see footnote 4 to our financial statement.) While we believe in our ability to raise funds and to generate revenues under our new business plan, we may not be successful. Our ability to continue as a going concern will depend on our success in raising fu

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