Cuentas Inc. Files Q1 2024 10-Q
Ticker: CUENW · Form: 10-Q · Filed: May 20, 2024 · CIK: 1424657
| Field | Detail |
|---|---|
| Company | Cuentas INC. (CUENW) |
| Form Type | 10-Q |
| Filed Date | May 20, 2024 |
| Risk Level | medium |
| Pages | 16 |
| Reading Time | 19 min |
| Key Dollar Amounts | $0.001, $1 thousand, $681 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, financials, company-update
Related Tickers: CUEN
TL;DR
Cuentas Inc. (CUEN) filed its Q1 2024 10-Q. Check financials.
AI Summary
Cuentas Inc. filed its 10-Q for the quarterly period ended March 31, 2024. The company, formerly known as NEXT GROUP HOLDINGS, INC., is incorporated in Florida and headquartered in Miami Beach. The filing covers its financial performance and operations for the specified quarter.
Why It Matters
This filing provides investors with an update on Cuentas Inc.'s financial health and operational status for the first quarter of 2024, crucial for investment decisions.
Risk Assessment
Risk Level: medium — As a 10-Q filing, it contains detailed financial information that could reveal significant risks or opportunities, requiring careful analysis.
Key Players & Entities
- Cuentas Inc. (company) — Registrant
- NEXT GROUP HOLDINGS, INC. (company) — Former company name
- March 31, 2024 (date) — Quarterly period end date
- 20240520 (date) — Filing date
- Miami Beach, FL (location) — Company headquarters
FAQ
What is the primary business of Cuentas Inc.?
The filing lists Cuentas Inc.'s Standard Industrial Classification as WHOLESALE-GROCERIES & RELATED PRODUCTS [5140], though the context of the 10-Q itself does not elaborate further on specific business operations.
When was Cuentas Inc. incorporated?
Cuentas Inc. is incorporated in Florida, as indicated by the filing.
What was Cuentas Inc.'s previous name?
Cuentas Inc. was formerly known as NEXT GROUP HOLDINGS, INC., with a name change date of April 18, 2016.
What is the SEC file number for Cuentas Inc.?
The Commission File Number for Cuentas Inc. is 001-39973.
What is the fiscal year end for Cuentas Inc.?
The fiscal year end for Cuentas Inc. is December 31 (1231).
Filing Stats: 4,690 words · 19 min read · ~16 pages · Grade level 16.3 · Accepted 2024-05-20 16:16:07
Key Financial Figures
- $0.001 — ich registered Common Stock, par value $0.001 per share CUEN The Nasdaq Stock Market
- $1 thousand — 2,879 (*) represents amount less than $1 thousand. (**) Adjusted to reflect one (1) for
- $681 — e 1). (***) Issuance expenses totaled $681 The accompanying notes are an integra
Filing Documents
- ea0206387-10q_cuentas.htm (10-Q) — 432KB
- ea020638701ex31-1_cuentas.htm (EX-31.1) — 11KB
- ea020638701ex31-2_cuentas.htm (EX-31.2) — 11KB
- ea020638701ex32-1_cuentas.htm (EX-32.1) — 5KB
- ea020638701ex32-2_cuentas.htm (EX-32.2) — 7KB
- 0001213900-24-045198.txt ( ) — 3198KB
- cuen-20240331.xsd (EX-101.SCH) — 33KB
- cuen-20240331_cal.xml (EX-101.CAL) — 27KB
- cuen-20240331_def.xml (EX-101.DEF) — 156KB
- cuen-20240331_lab.xml (EX-101.LAB) — 300KB
- cuen-20240331_pre.xml (EX-101.PRE) — 155KB
- ea0206387-10q_cuentas_htm.xml (XML) — 277KB
– FINANCIAL INFORMATION
PART I – FINANCIAL INFORMATION
FINANCIAL STATEMENTS
ITEM 1. FINANCIAL STATEMENTS CUENTAS, INC. CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS (UNAUDITED) AS OF MARCH 31, 2024 IN U.S. DOLLARS TABLE OF CONTENTS Page CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS (UNAUDITED): Unaudited Condensed Consolidated Interim Balance Sheets 1 Unaudited Condensed Consolidated Interim Statements of Comprehensive Loss 2 Unaudited Condensed Consolidated Interim Statements of Stockholders' Equity 3 Unaudited Condensed Consolidated Interim Statements of Cash Flows 4 Notes to Condensed Consolidated Interim Financial Statements 5 - 12 i CUENTAS, INC. UNAUDITED CONDENSED CONSOLIDATED INTERIM BALANCE SHEETS (USD in thousands except share and per share data ) March 31, December 31, 2024 2023 Assets Current Assets Cash and cash equivalents $ 28 $ 205 Accounts Receivables – related parties 290 1,300 Accounts Receivables – others - 7 Related parties receivables 169 172 Other current assets 5 76 Total Current Assets 492 1,760 Non-Current Assets Property and equipment, net 11 13 Investment in unconsolidated entities 2,928 2,928 Intangible assets 17 19 Total Non-Current Assets 2,956 2,960 Total assets $ 3,448 $ 4,720 Liabilities and Stockholders' Deficit Current Liabilities Short term loan $ 163 $ - Trade payable 2,107 1,497 Other accounts liabilities 1,012 2,230 Warrants liability, net 294 785 Deferred revenue 139 151 Notes and Loan payable 26 26 Total Current Liabilities 3,741 4,689 Non-Current Liabilities Other long-term loans 102 101 Total Non-Current Liabilities 102 101 Total Liabilities 3,843 4,790 Stockholders' Deficit Common stock, 0.001 par value each: 50,000,000 and 11,076,923 shares authorized as of March 31, 2024 and December 31, 2023, respectively; issued and outstanding 2,719,668 shares as of March 31, 2024 and December 31, 2023. 3 3 Additional paid-in capital 55,026 54,906 Treasur