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

TL;DR

<b>Dalrada Financial Corp. has filed its quarterly report (10-Q) for the period ending December 31, 2023.</b>

AI Summary

DALRADA FINANCIAL CORP (DHTI) filed a Quarterly Report (10-Q) with the SEC on February 14, 2024. Dalrada Financial Corp. filed a 10-Q report for the period ending December 31, 2023. The filing covers the fiscal quarter ending December 31, 2023. The company's fiscal year ends on June 30. The filing was made on February 14, 2024. The company was formerly known as IMAGING TECHNOLOGIES CORP/CA and PERSONAL COMPUTER PRODUCTS INC.

Why It Matters

For investors and stakeholders tracking DALRADA FINANCIAL CORP, this filing contains several important signals. This 10-Q filing provides an update on the company's financial performance and position for the most recent fiscal quarter. Understanding the details within this report is crucial for investors to assess the company's current financial health and future prospects.

Risk Assessment

Risk Level: low — DALRADA FINANCIAL CORP shows low risk based on this filing. The filing is a standard 10-Q, which is a routine quarterly report and does not contain significant new information that would alter the risk profile.

Analyst Insight

Review the financial statements and management's discussion and analysis within the 10-Q to understand Dalrada Financial Corp.'s performance and outlook.

Key Numbers

• 2023-12-31 — Reporting Period End Date (Conformed period of report)
• 2024-02-14 — Filing Date (Filed as of date)

Key Players & Entities

• DALRADA FINANCIAL CORP (company) — Filer name
• DHTI (company) — Ticker symbol
• 20231231 (date) — Conformed period of report
• 20240214 (date) — Filed as of date
• IMAGING TECHNOLOGIES CORP/CA (company) — Former company name
• PERSONAL COMPUTER PRODUCTS INC (company) — Former company name

FAQ

Industry Context

The company operates in the Services-Help Supply Services industry (SIC 7363).

Regulatory Implications

This filing is a standard 10-Q, a mandatory quarterly report for publicly traded companies in the United States, governed by the Securities and Exchange Commission (SEC).

What Investors Should Do

1. Analyze the financial statements (balance sheet, income statement, cash flow) for the quarter ended December 31, 2023.
2. Review the Management's Discussion and Analysis (MD&A) section for insights into operational performance and future outlook.
3. Check for any new risk factors or updates to existing ones disclosed in the filing.

Year-Over-Year Comparison

This is a 10-Q filing, representing a quarterly update. A comparison to the previous quarter's 10-Q or the prior year's 10-Q would be necessary for detailed trend analysis.

Key Financial Figures

• $0.005 — nge on which registered Common Stock, $0.005 par value per share DFCO None Indic

Filing Documents

• dalrada_i10q-123123.htm (10-Q) — 1353KB
• dalrada_ex3101.htm (EX-31.1) — 10KB
• dalrada_ex3102.htm (EX-31.2) — 10KB
• dalrada_ex3201.htm (EX-32.1) — 4KB
• dalrada_ex3202.htm (EX-32.2) — 4KB
• 0001683168-24-000995.txt (&nbsp;) — 7587KB
• dfco-20231231.xsd (EX-101.SCH) — 67KB
• dfco-20231231_cal.xml (EX-101.CAL) — 73KB
• dfco-20231231_def.xml (EX-101.DEF) — 278KB
• dfco-20231231_lab.xml (EX-101.LAB) — 404KB
• dfco-20231231_pre.xml (EX-101.PRE) — 372KB
• dalrada_i10q-123123_htm.xml (XML) — 1334KB

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION 3

Unaudited Interim Condensed Consolidated Financial Statements

Item 1. Unaudited Interim Condensed Consolidated Financial Statements 3 Unaudited Interim Condensed Consolidated Balance Sheets 3 Unaudited Interim Condensed Consolidated Statements of Operations and Comprehensive Loss 4 Unaudited Interim Condensed Consolidated Statements of Stockholders' Equity (Deficit) 5 Unaudited Interim Condensed Consolidated Statements of Cash Flows 7 Notes to the Unaudited Interim Condensed Consolidated Financial Statements 8

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

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 35

Quantitative and Qualitative Disclosures About Market Risk

Item 3. Quantitative and Qualitative Disclosures About Market Risk 42

Controls and Procedures

Item 4. Controls and Procedures 42

– OTHER INFORMATION

PART II – OTHER INFORMATION 43

Legal Proceedings

Item 1. Legal Proceedings 43

Risk Factors

Item 1A. Risk Factors 43

Unregistered Sales of Equity Securities and Use of Proceeds Securities

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds Securities 43

Defaults Upon Senior Securities

Item 3. Defaults Upon Senior Securities 43

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 43

Other Information

Item 5. Other Information 43

Exhibits

Item 6. Exhibits 44

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION

Unaudited Interim Condensed Consolidated Financial Statements

Item 1. Unaudited Interim Condensed Consolidated Financial Statements. DALRADA FINANCIAL CORPORATION Consolidated Balance Sheets December 31, June 30, 2023 2023 (Unaudited) Assets Current assets: Cash and cash equivalents $ 598,438 $ 812,806 Accounts receivable, net 5,488,915 4,453,104 Accounts receivable, net - related parties 928,648 752,348 Other receivables 1,240,009 376,604 Inventories 2,569,843 2,078,692 Prepaid expenses and other current assets 668,877 1,343,491 Total current assets 11,494,730 9,817,045 Long-term receivables 20,141 41,722 Long-term receivables - related parties 1,155,479 1,173,893 Property and equipment, net 1,623,011 1,476,082 Goodwill 3,803,147 3,803,147 Intangible assets, net 3,654,823 3,858,086 Right-of-use asset, net 2,714,198 2,771,854 Right-of-use asset, net - related party 1,960,494 2,227,286 Total assets $ 26,426,023 $ 25,169,115 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 5,554,117 $ 5,178,897 Accrued liabilities 920,159 1,084,008 Accounts payable and accrued liabilities – related parties 5,029,683 547,949 Deferred revenue 938,823 1,337,259 Notes payable, current portion 439,562 439,562 Notes payable, current portion – related parties – 251,605 Right-of-use liability 757,569 660,394 Right-of-use liability - related party 536,265 519,791 Total current liabilities 14,176,178 10,019,465 Long-term payables 33,893 48,888 Notes payable 2,414,936 1,011,395 Notes payable – related parties 4,834,971 1,648,478 Contingent consideration 4,402,394 4,285,389 Right-of-use liability 2,027,911 2,160,834 Right-of-use liability - related party 1,467,407 1,741,830 Total liabilities 29,357,690 20,916,279 Commitments and contingencies (Note 13) – – Stockholders' equity (deficit): Series I preferred stock, $ 0.01 par value, 100,000 shares authorized, 35,108 shares issued and

View Full Filing

View this 10-Q filing on SEC EDGAR