Cosmos Group Holdings Inc. Files Q1 2024 10-Q

TL;DR

Cosmos Group Holdings Inc. filed its Q1 2024 10-Q. No listed securities.

AI Summary

Cosmos Group Holdings Inc. filed its 10-Q for the quarterly period ended March 31, 2024. The company, incorporated in Nevada with its principal executive offices in Singapore, operates in the Finance Services sector. No securities are registered under Section 12(b) of the Act, indicating it may not be listed on a major exchange.

Why It Matters

This filing provides insight into the financial health and operational status of Cosmos Group Holdings Inc. for the first quarter of 2024, which is crucial for investors and stakeholders.

Risk Assessment

Risk Level: medium — The lack of registered securities on major exchanges suggests potential liquidity and trading risks for investors.

Key Numbers

• 000-55793 — Commission File Number (Identifies the company's filing with the SEC)
• 90-1177460 — I.R.S. Employer Identification No. (Company's tax identification number)

Key Players & Entities

• Cosmos Group Holdings Inc. (company) — Registrant
• March 31, 2024 (date) — Quarterly period end date
• Nevada (jurisdiction) — State of incorporation
• Singapore (location) — Address of Principal Executive Offices
• 6199 (industry_code) — Standard Industrial Classification

FAQ

Filing Documents

• ea0206443-10q_cosmos.htm (10-Q) — 776KB
• ea020644301ex31-1_cosmos.htm (EX-31.1) — 12KB
• ea020644301ex32-1_cosmos.htm (EX-32.1) — 5KB
• image_001.jpg (GRAPHIC) — 9KB
• image_002.jpg (GRAPHIC) — 89KB
• 0001213900-24-045158.txt ( ) — 5807KB
• cosg-20240331.xsd (EX-101.SCH) — 72KB
• cosg-20240331_cal.xml (EX-101.CAL) — 42KB
• cosg-20240331_def.xml (EX-101.DEF) — 249KB
• cosg-20240331_lab.xml (EX-101.LAB) — 490KB
• cosg-20240331_pre.xml (EX-101.PRE) — 250KB
• ea0206443-10q_cosmos_htm.xml (XML) — 645KB

From the Filing

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2024 TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 000-55793 COSMOS GROUP HOLDINGS INC. (Exact Name of Registrant as Specified in Its Charter) Nevada 90-1177460 (State or Other Jurisdiction of Incorporation or Organization) (I.R.S. Employer Identification No.) 37th Floor, Singapore Land Tower 50 Raffles Place , Singapore 048623 +65 6829 7017 (Address of Principal Executive Offices and Issuer's Telephone Number, including Area Code) Securities registered pursuant to Section 12(b) of the Act: Title of each Class Trading Symbol Name of each exchange on which registered None. N/A N/A Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes No Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T ( 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes No Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act. Large accelerated filer Accelerated filer Non-accelerated filer Smaller reporting company Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes No As of May 10, 2024, the Company had outstanding 4,585,973,082 shares of common stock. INTRODUCTORY COMMENTS References in this report to the "Company," "COSG," "we," "us" and "our" refer to Cosmos Group Holdings Inc., a Nevada company (also known as Coinllectibles, Inc.), and all of its subsidiaries on a consolidated basis. Where reference to a specific entity is required, the name of such specific entity will be referenced. We are a Nevada holding company with operations conducted through our wholly owned subsidiaries based in Hong Kong and Singapore. Our investors hold shares of common stock in Cosmos Group Holdings Inc., the Nevada holding company. This structure presents unique risks as our investors may never directly hold equity interests in our Hong Kong subsidiary and will be dependent upon contributions from our subsidiaries to finance our cash flow needs. Our ability to obtain contributions from our subsidiaries are significantly affected by regulations promulgated by Hong Kong and Singaporean authorities. Any change in the interpretation of existing rules and regulations or the promulgation of new rules and regulations may materially affect our operations and or the value of our securities, including causing the value of our securities to significantly decline or become worthless. For a detailed description of the risks facing the Company associated with our structure, please refer to " Risk Factors – Risks Relating to Doing Business in Hong Kong ." set forth in the Form 10-K filed with the U.S. Securities and Exchange Commission (the "SEC") on April 16, 2024 (the "Form 10-K"). Cosmos Group Holdings Inc. and our Hong Kong subsidiaries are not required to obtain permission or approval from the Chinese authorities including the China Securities Regulatory Commission, or CSRC, the Cybersecurity Administration Committee, or CAC, to operate our business or to issue securities to foreign investors. However, in light of the recent statements and regulatory actions by the People's Republic of China ("the PRC") government, such as those related to Hong Kong's national security, the promulgation of regulations prohibiting foreign to the risks of uncertainty of any future actions of the PRC government in this regard including the risk that we inadvertently conclude that such approvals are not required, that applicable laws, regulations or interpretations change such that we are required to obtain approvals in the future, or that the PRC government could disallow our holding company structure, which would likely result in a material cha

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View this 10-Q filing on SEC EDGAR