DarkPulse Files 10-Q/A Amendment for Q3 2024
Ticker: DPLS · Form: 10-Q/A · Filed: Dec 12, 2024 · CIK: 866439
| Field | Detail |
|---|---|
| Company | Darkpulse, INC. (DPLS) |
| Form Type | 10-Q/A |
| Filed Date | Dec 12, 2024 |
| Risk Level | low |
| Pages | 16 |
| Reading Time | 19 min |
| Key Dollar Amounts | $0.0001, $19.4 million, $250,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: amendment, 10-Q, financial-reporting
Related Tickers: DPLS
TL;DR
DarkPulse filed a 10-Q/A amendment for Q3 2024 with minor MDA edits.
AI Summary
DarkPulse, Inc. filed a 10-Q/A amendment on December 12, 2024, to make minor edits to its Management's Discussion and Analysis (MDA) for the period ending September 30, 2024. The filing provides updated financial information and disclosures for the third quarter of 2024.
Why It Matters
This amendment provides updated financial reporting for DarkPulse, Inc., offering investors a clearer picture of the company's performance and financial position as of the third quarter of 2024.
Risk Assessment
Risk Level: low — This filing is an amendment to a previous report, indicating minor corrections or clarifications rather than significant new negative information.
Key Numbers
- 20240930 — Period End Date (The end date for the reporting period covered by the 10-Q/A.)
- 20241212 — Filing Date (The date the 10-Q/A amendment was filed with the SEC.)
Key Players & Entities
- DarkPulse, Inc. (company) — Filer of the 10-Q/A
- 20241212 (date) — Filing date of the 10-Q/A
- 20240930 (date) — Conformed period of report
- 3 COLUMBUS CIRCLE, 15TH FL., NEW YORK, NY 10019 (address) — Business and mail address for DarkPulse, Inc.
FAQ
What is the primary purpose of this 10-Q/A filing?
The primary purpose is to make minor edits to the Management's Discussion and Analysis (MDA) section of the previously filed 10-Q for the period ending September 30, 2024.
When was this 10-Q/A amendment filed?
This 10-Q/A amendment was filed on December 12, 2024.
What is the reporting period for this filing?
The conformed period of report is September 30, 2024.
What specific section of the previous filing was amended?
The amendment pertains to minor edits within the Management's Discussion and Analysis (MDA).
What was the company's former name before the name change in 1997?
The company's former name was VIDEOCART INC before the name change on June 5, 1997.
Filing Stats: 4,665 words · 19 min read · ~16 pages · Grade level 19.8 · Accepted 2024-12-12 16:46:47
Key Financial Figures
- $0.0001 — nding of the registrant's common stock, $0.0001 par value per share, outstanding as of
- $19.4 million — l months. The Company has approximately $19.4 million intercompany payables due from Optilan
- $250,000 — it Insurance Corporation ("FDIC") up to $250,000. To reduce its risk associated with the
Filing Documents
- darkpulse_i10qa-93024.htm (10-Q/A) — 1212KB
- darkpulse_ex3101.htm (EX-31.1) — 11KB
- darkpulse_ex3201.htm (EX-32.1) — 4KB
- 0001683168-24-008674.txt ( ) — 5956KB
- dpls-20240930.xsd (EX-101.SCH) — 48KB
- dpls-20240930_cal.xml (EX-101.CAL) — 67KB
- dpls-20240930_def.xml (EX-101.DEF) — 202KB
- dpls-20240930_lab.xml (EX-101.LAB) — 369KB
- dpls-20240930_pre.xml (EX-101.PRE) — 318KB
- darkpulse_i10qa-93024_htm.xml (XML) — 833KB
—FINANCIAL INFORMATION
PART I—FINANCIAL INFORMATION 3
Financial Statements
Item 1. Financial Statements 3
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 47
Controls and Procedures
Item 4. Controls and Procedures 47
—OTHER INFORMATION
PART II—OTHER INFORMATION 48
Legal Proceedings
Item 1. Legal Proceedings 48
Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 52
Other Information
Item 5. Other Information 53
Exhibits
Item 6. Exhibits 53
—FINANCIAL INFORMATION
PART I—FINANCIAL INFORMATION
Financial Statements
Item 1. Financial Statements DARKPULSE, INC. Consolidated Balance Sheets September 30 December 31 2024 2023 Unaudited Audited ASSETS CURRENT ASSETS: Cash and cash equivalents $ 165,186 $ 11,912 Accounts receivable, net 927,381 868,948 Due from related party – – Prepaid expenses and other current assets 71,917 76,185 TOTAL CURRENT ASSETS 1,164,485 957,045 NON-CURRENT ASSETS: Property and equipment, net 721,504 743,282 Operating lease right-of-use assets 461,618 496,685 Patents, net 215,392 253,663 Goodwill 156,883 – Investment in related party – 1,500,000 Other assets, net 254,248 161,677 Intangible assets, net 24,770 – TOTAL NON-CURRENT ASSETS 1,834,415 3,155,307 TOTAL ASSETS $ 2,998,900 $ 4,112,353 LIABILITIES AND STOCKHOLDERS' DEFICIT CURRENT LIABILITIES: Accounts payable and accrued expenses $ 17,845,825 $ 15,663,273 Convertible notes, net – 120,925 Notes payable, current 2,491,691 1,923,868 Derivative liability – 108,958 Loan payable, current 571,565 570,487 Loan payable, related party 361,747 361,747 Secured debenture, current 277,575 183,208 Operating lease liabilities - current 80,400 80,400 Other current liabilities 70,967 70,461 TOTAL CURRENT LIABILITIES 21,699,770 19,083,326 NON-CURRENT LIABILITIES: Secured debenture 832,725 916,042 Loan payable 291,967 291,968 Operating lease liabilities - non-current 459,709 496,335 TOTAL NON-CURRENT LIABILITIES 1,584,401 1,704,345 TOTAL LIABILITIES 23,284,171 20,787,671 Commitments and contingencies – – STOCKHOLDERS' DEFICIT: Series A Super Voting preferred stock - par value $ 0.01 ; 100 shares designated, 100 shares issued and outstanding at both September 30, 2024 and December 31, 2023 1 1 Convertible preferred stock - Series D, par value $ 0.01 , 100,000 shares designated, 88,235 shares issued and outstanding as of both September 30, 2024 and December 31, 2023 883