DLT Resolution Inc. Files 10-Q for Period Ending March 31, 2023

TL;DR

<b>DLT Resolution Inc. reported Q1 2023 revenue of $27.3M and net income of $3.8M, with EPS at $1.00.</b>

AI Summary

DLT Resolution Inc. (DLTI) filed a Quarterly Report (10-Q) with the SEC on April 9, 2024. DLT Resolution Inc. reported revenue of $27,314,561 for the first quarter of 2023. The company's net income for the first quarter of 2023 was $3,815,000. Earnings per share (EPS) for the first quarter of 2023 were $1.00. Total assets for DLT Resolution Inc. stood at $275,000,000 as of March 31, 2023. The company reported total debt of $64,000 as of March 31, 2023.

Why It Matters

For investors and stakeholders tracking DLT Resolution Inc., this filing contains several important signals. The filing provides a detailed look at DLT Resolution Inc.'s financial performance and position as of the end of the first quarter of 2023. Investors can assess the company's revenue generation, profitability, and overall financial health through the reported figures.

Risk Assessment

Risk Level: medium — DLT Resolution Inc. shows moderate risk based on this filing. The company has a history of name changes and potential operational shifts, indicated by its former names (Hemcare Health Services Inc., NSU Resources Inc., Bio-Carbon Solutions International Inc.), suggesting a need for careful evaluation of its current business model and stability.

Analyst Insight

Monitor future filings for trends in revenue growth and profitability to assess the sustainability of the company's current financial performance.

Financial Highlights

revenue

27,314,561

total Assets

275,000,000

total Debt

64,000

net Income

3,815,000

eps

1.00

Key Numbers

• 27,314,561 — Revenue (Q1 2023)
• 3,815,000 — Net Income (Q1 2023)
• 1.00 — EPS (Q1 2023)
• 275,000,000 — Total Assets (As of 2023-03-31)
• 64,000 — Total Debt (As of 2023-03-31)

Key Players & Entities

• DLT Resolution Inc. (company) — FILER
• Hemcare Health Services Inc. (company) — FORMER COMPANY
• NSU Resources Inc (company) — FORMER COMPANY
• Bio-Carbon Solutions International Inc. (company) — FORMER COMPANY
• Union Strategies Inc (company) — dlti:UnionStrategiesIncMember

FAQ

Industry Context

DLT Resolution Inc. operates within the personal services sector, as indicated by its SIC code 7200.

Regulatory Implications

The filing is a 10-Q, which is a quarterly report required by the SEC for public companies to provide a continuing view of their financial position.

What Investors Should Do

1. Review the detailed financial statements for revenue breakdown and expense analysis.
2. Compare Q1 2023 performance against previous quarters and the same period in 2022.
3. Analyze the company's asset and liability structure, particularly debt levels.

Key Dates

• 2023-03-31: Quarter End Date — Reporting period for the 10-Q filing.

Year-Over-Year Comparison

This 10-Q filing covers the first quarter of 2023, providing updated financial information compared to previous filings.

Key Financial Figures

• $0.001 — hares of the registrant's Common Stock, $0.001 par value, were issued and 21,499,561 w
• $46,259 — nths ended March 31, 2023 and 2022 were $46,259 and $56,156, respectively. The decrease
• $56,156 — arch 31, 2023 and 2022 were $46,259 and $56,156, respectively. The decrease resulted pr
• $21,837 — nths ended March 31, 2023 and 2022 were $21,837 and $37,376, respectively. The dollar d
• $37,376 — arch 31, 2023 and 2022 were $21,837 and $37,376, respectively. The dollar decrease resu
• $13,336 — pense, excluding professional fees, was $13,336 and $49,287 for the three months ended
• $49,287 — ding professional fees, was $13,336 and $49,287 for the three months ended March 31,

Filing Documents

• dlti_10q.htm (10-Q) — 540KB
• dlti_ex311.htm (EX-31.1) — 9KB
• dlti_ex312.htm (EX-31.2) — 9KB
• dlti_ex321.htm (EX-32.1) — 3KB
• dlti_ex322.htm (EX-32.2) — 4KB
• 0001477932-24-001929.txt (&nbsp;) — 2286KB
• dlti-20230331.xsd (EX-101.SCH) — 22KB
• dlti-20230331_lab.xml (EX-101.LAB) — 148KB
• dlti-20230331_cal.xml (EX-101.CAL) — 33KB
• dlti-20230331_pre.xml (EX-101.PRE) — 116KB
• dlti-20230331_def.xml (EX-101.DEF) — 60KB
• dlti_10q_htm.xml (XML) — 180KB

FINANCIAL INFORMATION

PART I FINANCIAL INFORMATION Item 1.

Financial Statements (Unaudited)

Financial Statements (Unaudited) 3 Condensed Consolidated Balance Sheets 3 Condensed Consolidated Statements of Operations 4 Condensed Consolidated Statements of Comprehensive Loss 5 Condensed Consolidated Statements of Changes in Stockholders' Deficit 6 Condensed Consolidated Statements of Cash Flows 7 Notes to Condensed Consolidated Financial Statements 8 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 13 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 15 Item 4.

Controls and Procedures

Controls and Procedures 15

- OTHER INFORMATION

PART II - OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 17 Item 1A.

Risk Factors

Risk Factors 17 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 17 Item 3. Defaults Upon Senior Securities 17 Item 4. Mine Safety Disclosures 17 Item 5. Other Information 17 Item 6. Exhibits 18 2 Table of Contents

: Financial Statements

Item 1: Financial Statements. DLT RESOLUTION, INC Condensed Consolidated Balance Sheets (Unaudited) March 31, 2023 December 31, 2022 ASSETS Current assets Cash and cash equivalents $ 3,612 $ 11,885 Accounts receivable, net of allowance for doubtful accounts of $ 34,925 at March 31, 2023 and $ 0 at December 31, 2022 25,289 57,631 Total current assets 28,901 69,516 Intangible assets, net of accumulated amortization 124,418 139,848 Assets from discontinued operations - 116,352 Total assets $ 153,319 $ 325,716 LIABILITIES AND STOCKHOLDERS' (DEFICIT) EQUITY Current liabilities Accounts payable and accrued liabilities $ 138,528 $ 211,218 Accounts payable, related party 15,000 15,000 Interest payable, related party 58,039 56,210 Related party payables 56,747 57,817 Notes payables, related party 81,500 81,500 Notes payable, current portion 29,575 29,560 Liabilities from discontinued operations - 746,365 Total current liabilities 379,389 1,197,670 Notes payable, net of current portion 5,000 5,000 Total liabilities 384,389 1,202,670 Stockholders' (deficit) equity Series A convertible preferred stock, $ 1.00 par value; 5,000,000 shares authorized; 0 issued and outstanding at March 31, 2023 and December 31, 2022 - - Series B convertible preferred stock, $ 1.00 par value; 500,000 shares authorized; 64,000 issued and outstanding at March 31, 2023 and December 31, 2022 64,000 64,000 Common stock, $ 0.001 par value; 275,000,000 shares authorized; 27,314,561 issued; 23,499,561 outstanding at March 31, 2023 and December 31, 2022 27,315 27,315 Common stock subscribed 14,000 14,000 Additional paid-in capital 6,946,198 6,946,198 Other comprehensive (loss) income 483,403 555,810 Treasury stock, 3,815,000 shares as of March 31, 2023 and December 31, 2022, at cost ( 5,300 ) ( 5,300 ) Accumulated deficit ( 7,760,685 ) ( 8,478,977 ) Total stockho

View Full Filing

View this 10-Q filing on SEC EDGAR