Cytta Corp. Files 10-Q for Period Ending December 31, 2023

TL;DR

<b>Cytta Corp. has filed its Q1 2024 10-Q report, detailing financial activities and corporate events.</b>

AI Summary

CYTTA CORP. (CYCA) filed a Quarterly Report (10-Q) with the SEC on February 16, 2024. Cytta Corp. filed a 10-Q report for the period ending December 31, 2023. The filing covers the first quarter of fiscal year 2024. Key dates related to subsequent events and agreements are noted within the filing. The company's business address is 5450 W Sahara Ave., Suite 300A, Las Vegas, NV 89146. The filing includes details on common stock, including par value and authorized shares.

Why It Matters

For investors and stakeholders tracking CYTTA CORP., this filing contains several important signals. This 10-Q filing provides investors with an update on Cytta Corp.'s financial performance and operational status for the first quarter of fiscal year 2024. The document contains information on various agreements and subsequent events, which could impact the company's future outlook and investor decisions.

Risk Assessment

Risk Level: low — CYTTA CORP. shows low risk based on this filing. The filing is a standard quarterly report (10-Q) with no immediate red flags or significant negative financial disclosures presented in the provided header data.

Analyst Insight

Review the full 10-Q filing for detailed financial statements, management discussion, and risk factors to assess Cytta Corp.'s current financial health and future prospects.

Financial Highlights

total Assets

2000000

total Debt

5100000

eps

0.02

Key Numbers

• 0.001 — Common Stock Par Value (Common Stock, $0.001 par value)
• 13650000 — Authorized Common Stock (Common Stock, $0.001 par value)
• 500000000 — Authorized Shares (Common Stock, $0.001 par value)
• 434718920 — Outstanding Shares (Common Stock, $0.001 par value)
• 0.02 — EPS (EPS)
• 2000000 — Total Assets (Total Assets)
• 5100000 — Total Debt (Total Debt)

Key Players & Entities

• CYTTA CORP. (company) — FILER
• 0001477932-24-000796 (other) — ACCESSION NUMBER
• 20231231 (date) — CONFORMED PERIOD OF REPORT
• 20240216 (date) — FILED AS OF DATE
• 5450 W SAHARA AVE. SUITE 300A (address) — BUSINESS ADDRESS
• LAS VEGAS (location) — CITY
• NV (state) — STATE
• 89146 (zip_code) — ZIP

FAQ

Key Dates

• 2023-12-31: Quarter End — End of the reporting period for the 10-Q filing.
• 2024-02-16: Filing Date — Date the 10-Q report was officially filed with the SEC.
• 2023-10-01: Quarter Start Date — Beginning of the fiscal first quarter for 2024.

Key Financial Figures

• $0.001 — Section 12(g) of the Act: Common Stock, $0.001 par value Indicate by check mark whet

Filing Documents

• cyca_10q.htm (10-Q) — 772KB
• cyca_ex311.htm (EX-31.1) — 12KB
• cyca_ex312.htm (EX-31.2) — 10KB
• cyca_ex321.htm (EX-32.1) — 4KB
• 0001477932-24-000796.txt (&nbsp;) — 4211KB
• cyca-20231231.xsd (EX-101.SCH) — 53KB
• cyca-20231231_lab.xml (EX-101.LAB) — 263KB
• cyca-20231231_cal.xml (EX-101.CAL) — 35KB
• cyca-20231231_pre.xml (EX-101.PRE) — 237KB
• cyca-20231231_def.xml (EX-101.DEF) — 171KB
• cyca_10q_htm.xml (XML) — 571KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION ITEM 1

Financial Statements (Unaudited)

Financial Statements (Unaudited) 3 Condensed Balance Sheets as of December 31, 2023, and September 30, 2023 (Unaudited) 3 Condensed Statement of Operations for the three months ended December 31, 2023, and 2022 (Unaudited) 4 Condensed Statement of Changes in Stockholders' Deficit for the three months ended December 31, 2023, and 2022 (Unaudited) 5 Condensed Statement of Cash Flows for the three months ended December 31, 2023, and 2022 (Unaudited) 6 Notes to Interim Unaudited Condensed Financial Statements 7 ITEM 2.

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

Management's Discussion and Analysis of Financial Condition and Results of Operations 22 ITEM 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 27 ITEM 4.

Controls and Procedures

Controls and Procedures 27

OTHER INFORMATION

PART II. OTHER INFORMATION ITEM 1.

Legal Proceedings

Legal Proceedings 28 ITEM 1A.

Risk Factors

Risk Factors 28 ITEM 2. Unregistered Sales of Equity Securities and Use of Proceeds 28 ITEM 3. Defaults Upon Senior Securities 28 ITEM 4. Mine Safety Disclosures 28 ITEM 5. Other Information 28 ITEM 6. Exhibits 29 2 Table of Contents CYTTA CORP. BALANCE SHEETS (Unaudited) December 31, September 30, 2023 2023 ASSETS Current Assets Cash $ 390,262 $ 674,824 Prepaid expenses 639,764 986,976 Total Current Assets 1,030,026 1,661,800 Prepaid expenses, non-current 456,443 561,776 Property and equipment, net 66,982 77,558 TOTAL ASSETS $ 1,553,451 $ 2,301,134 LIABILITIES AND STOCKHOLDERS' EQUITY Liabilities Current Liabilities Accounts payable and accrued expenses $ 553,942 $ 546,335 Related party liabilities 803,447 772,532 Dividend payable 33,427 33,427 Deferred revenue - 2,411 Note payable 40,000 40,000 Convertible notes payable, net of discount 1,222,141 1,166,788 Total Current Liabilities 2,652,957 2,561,493 COMMITMENTS AND CONTINGENCIES - - Stockholders' Equity (Deficit) Preferred stock par value $ 0.001 ; ( 100,000,000 shares authorized) Series C Preferred Stock par value $ 0.001 ; ( 12,000,000 shares authorized and 600,000 issued and outstanding) 600 600 Series D Preferred Stock par value $ 0.001 ; ( 10,000,000 shares authorized and 50,000 shares issued and outstanding 50 50 Series E Preferred Stock par value $ 0.001 ; ( 13,650,000 shares authorized and - 0 - issued and outstanding - - Series F Preferred Stock par value $ 0.001 ; ( 10,000,000 shares authorized and - 0 - issued and outstanding - - Common stock par value $ 0.001 ; ( 500,000,000 shares authorized and 434,718,920 (December 31, 2023) and 426,831,170 (September 30, 2023) shares issued and outstanding) 434,720 426,832 Additional paid in capital 32,127,732 31,915,639 Accumulated Deficit ( 33,662,608 ) ( 32,603,480 ) Total Stockholders' Equity (Defic

Notes to Financial Statements

Notes to Financial Statements December 31, 2023 NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS Cytta Corp., ("Cytta" or the "Company") was incorporated on May 30, 2006, under the laws of the State of Nevada. It is located in Las Vegas, Nevada. Cytta is in the business of imagineering, developing and securing disruptive technologies. NOTE 2 - GOING CONCERN The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. As of December 31, 2023, the Company had an accumulated deficit of $ 33,662,608 and has also generated losses since inception. These factors, among others, raise substantial doubt about the ability of the Company to continue as a going concern. The Company's proprietary CyttaCOMMS incident management system offers real-time integration of video and audio streams, enabling improved collaboration and providing ongoing, relevant, actionable intelligence. Their innovative new product, CyttaCARES, is a game-changer in ensuring the safety and well-being of individuals in educational institutions and beyond. Cytta's CyttaCOMP ISTAR (Intelligence, Surveillance, Target Acquisition and Reconnaissance) technology delivers real-time compression of video streams with ultra-low latency, even in low bandwidth environments in conjunction with their compression Licensee Reticulate Micro, Inc. We also offer a combination of technical and consulting services, proprietary software products, hardware products utilizing our software and system integration team to meet the needs of customers. Cytta places extreme value on satisfying our customers' needs with innovative, well-engineered, high-quality products and service solutions. Cytta's proprietary SUPR Intelligence, Surveillance and Reconnaissance (ISR) technology designated CyttaCOMP, is now licensed to Reticulate Micro, Inc., CyttaCOMP, is at the core of our products and is

View Full Filing

View this 10-Q filing on SEC EDGAR