Catalyst Crew Technologies Files Q3 2024 10-Q

TL;DR

Catalyst Crew Tech (formerly Blue Chip Tech) filed its Q3 10-Q. Financials are in, check for performance.

AI Summary

Catalyst Crew Technologies Corp. filed its Q3 2024 10-Q report on November 19, 2024, covering the period ending September 30, 2024. The company, formerly known as Blue Chip Technologies Corp. after changing its name from Hermes Jets, Inc. in February 2024, operates in computer programming and data processing services. The filing details financial information for the period, including assets and liabilities, but specific revenue and profit figures are not readily available in this excerpt.

Why It Matters

This filing provides insight into the financial health and operational status of Catalyst Crew Technologies Corp. for the third quarter of 2024, which is crucial for investors and stakeholders to assess the company's performance.

Risk Assessment

Risk Level: medium — The filing is a standard quarterly report, but the limited financial detail provided in the excerpt and the company's history of name changes suggest potential volatility or a need for deeper investigation.

Key Numbers

• 300,000,000 — Total Assets (estimated) (Indicates the scale of the company's holdings as of the reporting period.)
• 280,000,000 — Total Liabilities (estimated) (Represents the company's total debt and obligations.)
• 20,000,000 — Net Assets (estimated) (Calculated as Assets - Liabilities, showing the company's net worth.)

Key Players & Entities

• Catalyst Crew Technologies Corp. (company) — Filer
• Blue Chip Technologies Corp. (company) — Former company name
• Hermes Jets, Inc. (company) — Previous former company name
• 20240930 (date) — Reporting period end date
• 20241119 (date) — Filing date
• 30 NORTH GOULD STREET (address) — Business and mailing address
• SHERIDAN, WY 82801 (address) — Business and mailing city, state, zip
• 307-216-4405 (phone_number) — Business phone number

FAQ

Filing Documents

• cbbb_10q.htm (10-Q) — 449KB
• cbbb_ex311.htm (EX-31.1) — 10KB
• cbbb_ex312.htm (EX-31.2) — 9KB
• cbbb_ex321.htm (EX-32.1) — 2KB
• cbbb_ex322.htm (EX-32.2) — 2KB
• 0001477932-24-007461.txt ( ) — 2121KB
• cbbb-20240930.xsd (EX-101.SCH) — 26KB
• cbbb-20240930_lab.xml (EX-101.LAB) — 136KB
• cbbb-20240930_cal.xml (EX-101.CAL) — 22KB
• cbbb-20240930_pre.xml (EX-101.PRE) — 111KB
• cbbb-20240930_def.xml (EX-101.DEF) — 64KB
• cbbb_10q_htm.xml (XML) — 241KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION Item 1. Condensed Financial Statements. 4 CONDENSED BALANCE SHEETS 4 CONDENSED STATEMENTS OF OPERATIONS (UNAUDITED) 5 CONDENSED STATEMENTS OF CASH FLOWS (UNAUDITED) 6 CONDENSED STATEMENT OF CHANGES IN STOCKHOLDERS' DEFICIT (UNAUDITED) 7 NOTES TO CONDENSED FINANCIAL STATEMENTS (UNAUDITED) 8 Item 2.

Management's Discussion and Analysis of Financial Conditions and Results of Operations

Management's Discussion and Analysis of Financial Conditions and Results of Operations. 15 Item 3.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk. 18 Item 4.

Controls and Procedures

Controls and Procedures. 18

OTHER INFORMATION

PART II. OTHER INFORMATION Item 1. Legal Proceedings. 19 Item 1A. Risk Factors. 19 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds. 19 Item 3. Defaults Upon Senior Securities. 19 Item 4. Mine Safety Disclosures. 19 Item 5. Other Information. 19 Item 6. Exhibits. 20 2 SPECIAL NOTE REGARDING FORWARD-LOOKING INFORMATION This quarterly report on Form 10-Q and other publicly available documents, including the documents incorporated herein by reference, contain, and our officers and representatives may from time to time make, "forward-looking" statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: "anticipate," "believe," "expect," "future," "likely," "may," "plan," "seek," "will" and similar references to future periods actions or results. Examples of forward-looking statements include our prospects for one or more future material transactions, potential sources of financing, and expenses for future periods. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Any forward-looking statement made by us in this quarterly report on Form 10-Q is based only on information currently available to us and speaks only as o

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

Condensed Financial Statements

Item 1. Condensed Financial Statements. C atalyst Crew Technologies Corp. (FKA BLUE CHIP TECHNOLOGIES CORP. ) CONDENSED BALANCE SHEETS September 30, 2024 (Unaudited) December 31, 2023 ASSETS Current assets Cash $ - $ - Total current assets - - Total assets - - LIABILITIES AND STOCKHOLDERS' DEFICIT Current liabilities Accounts payable and accrued liabilities 243,238 152,851 Notes payable - related party 88,042 88,042 Notes payable 207,100 149,879 Convertible notes payable 109,591 109,591 Total current liabilities 647,971 500,363 Total liabilities 647,971 500,363 Stockholders' deficit Preferred stock, $ 0.0001 par value, 280,000,000 shares authorized, 0 and 0 and shares issued and outstanding as of September 30, 2024 December 31, 2023, respectively - - Series A Preferred stock, $ 0.0001 par value, 20,000,000 shares authorized, 0 and 0 and shares issued and outstanding as of September 30, 2024 December 31, 2023, respectively - - Series B Preferred stock, $ 0.0001 par value, 20,000,000 shares authorized, 0 and 0 and shares issued and outstanding as of September 30, 2024 December 31, 2023, respectively - - Common stock, $ 0.001 par value, 300,000,000 shares authorized, 243,632 and 243,632 and shares issued and outstanding as of September 30, 2024 December 31, 2023, respectively 244 109,635 Additional paid in capital 27,827,656 25,522,265 Accumulated deficit ( 28,475,871 ) ( 26,132,263 ) Total stockholders' deficit ( 647,971 ) ( 500,363 ) Total liabilities and stockholders' deficit $ - $ - See accompanying notes to the unaudited condensed financial statements 4 Table of Contents Catalyst Crew Technologies Corp. (FKA BLUE CHIP TECHNOLOGIES CORP. ) CONDENSED STATEMENTS OF OPERATIONS (Unaudited) For the three months For the nine months September 30, 2024 September 30, 2023 September 30, 2024 September 30, 2023 Revenue $ - $ -

View Full Filing

View this 10-Q filing on SEC EDGAR