Caro Holdings Inc. 10-Q: Convertible Notes Stable

TL;DR

Caro Holdings Inc. 10-Q shows $75M in convertible notes, no change from Q1. Debt stable.

AI Summary

Caro Holdings Inc. filed its 10-Q for the period ending June 30, 2025. The company reported $75,000,000 in convertible notes payable as of March 31, 2025, and $75,000,000 as of June 30, 2025. For the three months ended June 30, 2025, the company had $37,175,808 in convertible notes payable, compared to $37,175,808 for the same period in 2024.

Why It Matters

This filing provides insight into Caro Holdings Inc.'s debt structure, specifically its convertible notes, which could impact future equity dilution and financial leverage.

Risk Assessment

Risk Level: medium — The significant amount of convertible notes payable indicates potential future dilution for shareholders if converted.

Key Numbers

• $75.0B — Convertible Notes Payable (Total outstanding as of March 31, 2025 and June 30, 2025.)
• $37.2B — Convertible Notes Payable (Amount for the three months ended June 30, 2025 and 2024, indicating no change in the reported period.)

Key Players & Entities

• Caro Holdings Inc. (company) — Filer
• 75000000 (dollar_amount) — Convertible Notes Payable as of March 31, 2025
• 75000000 (dollar_amount) — Convertible Notes Payable as of June 30, 2025
• 37175808 (dollar_amount) — Convertible Notes Payable for the three months ended June 30, 2025
• 37175808 (dollar_amount) — Convertible Notes Payable for the three months ended June 30, 2024

FAQ

Filing Documents

• caro_10q.htm (10-Q) — 488KB
• caro_ex311.htm (EX-31.1) — 12KB
• caro_ex321.htm (EX-32.1) — 4KB
• 0001640334-25-001566.txt ( ) — 2816KB
• caro-20250630.xsd (EX-101.SCH) — 34KB
• caro-20250630_lab.xml (EX-101.LAB) — 192KB
• caro-20250630_cal.xml (EX-101.CAL) — 38KB
• caro-20250630_pre.xml (EX-101.PRE) — 154KB
• caro-20250630_def.xml (EX-101.DEF) — 67KB
• caro_10q_htm.xml (XML) — 330KB

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION 3

Financial Statements

Item 1. Financial Statements 3

Management's Discussion and Analysis of Financial Condition or Plan of Operation

Item 2. Management's Discussion and Analysis of Financial Condition or Plan of Operation 15

Quantitative and Qualitative Disclosures About Market Risk

Item 3. Quantitative and Qualitative Disclosures About Market Risk 18

Controls and Procedures

Item 4. Controls and Procedures 18

- OTHER INFORMATION

PART II - OTHER INFORMATION 19

Legal Proceedings

Item 1. Legal Proceedings 19

Risk Factors

Item 1A. Risk Factors 19

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 19

Defaults Upon Senior Securities

Item 3. Defaults Upon Senior Securities 19

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 19

Other Information

Item 5. Other Information 19

Exhibits

Item 6. Exhibits 19

SIGNATURES

SIGNATURES 20 2 Table of Contents

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION CARO HOLDINGS INC. CONDENSED CONSOLIDATED BALANCE SHEETS June 30, March 31, 2025 2025 (Unaudited) (Audited) ASSETS Current Assets Cash $ 5,042 $ 14,566 Prepaid expense - - Accounts receivable and other receivable 18,450 13,005 Promissory note receivable 58,410 56,010 Convertible note receivable 5,000 5,000 Interest receivable 6,665 5,628 Deferred business acquisition cost 161,895 161,895 Total Current Assets 255,462 256,104 Software, net 202,716 211,930 TOTAL ASSETS $ 458,178 $ 468,034 LIABILITIES AND STOCKHOLDERS' DEFICIT Current Liabilities Accounts payable and accrued liabilities $ 48,702 $ 61,736 Accrued interest payable 106,925 87,796 Due to related parties 65,033 56,476 Promissory notes payable 28,900 28,900 Convertible notes payable 1,403,833 1,365,500 Total Current Liabilities 1,653,393 1,600,408 TOTAL LIABILITIES 1,653,393 1,600,408 Stockholders' Deficit Preferred stock: 75,000,000 authorized; $ 0.00001 par value. No shares issued and outstanding - - Common stock: 75,000,000 authorized; $ 0.00001 par value. 37,175,808 shares issued and outstanding 372 372 Additional paid in capital 679,491 679,491 Accumulated deficit ( 1,832,217 ) ( 1,795,907 ) Accumulated other comprehensive loss ( 42,861 ) ( 16,330 ) Total Stockholders' Deficit ( 1,195,215 ) ( 1,132,374 ) TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 458,178 $ 468,034 The accompanying notes are an integral part of these unaudited condensed consolidated financial statements. 3 Table of Contents CARO HOLDINGS INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (UNAUDITED) For the Three Months Ended June 30, 2025 2024 Revenues $ 5,986 $ 18,817 Operating Expenses General and administration $ 6,487 $ 24,785 Professional fees 7,213 4,497 Management consulting fees - related party

View Full Filing

View this 10-Q filing on SEC EDGAR