Driveitaway Holdings Files 10-Q, Financials Detailed

TL;DR

Driveitaway Holdings 10-Q filed. Financials for Q3 2024 out, showing historical equity data.

AI Summary

Driveitaway Holdings, Inc. filed its 10-Q for the period ending June 30, 2024. The filing details financial information for the company, which operates in the educational services sector. Key financial data points from previous periods, such as common stock, additional paid-in capital, treasury stocks, and retained earnings as of September 30, 2023, December 31, 2023, and March 31, 2024, are referenced.

Why It Matters

This 10-Q filing provides investors with a quarterly update on Driveitaway Holdings' financial health and operational performance, crucial for investment decisions.

Risk Assessment

Risk Level: low — This filing is a routine quarterly report and does not contain immediate, significant negative news.

Key Numbers

• 09-30 2024 — Fiscal Year End (Indicates the end of the company's fiscal year for reporting.)
• 2024-06-30 — Quarter End Date (The end date for the reporting period of this 10-Q.)
• 2024-08-26 — Filing Date (The date this 10-Q was officially filed with the SEC.)

Key Players & Entities

• Driveitaway Holdings, Inc. (company) — Filer of the 10-Q
• 20240630 (date) — End of reporting period
• 20240826 (date) — Filing date
• 8200 (dollar_amount) — Standard Industrial Classification code for Educational Services
• 2023-09-30 (date) — Reference date for financial data
• 2023-12-31 (date) — Reference date for financial data
• 2024-03-31 (date) — Reference date for financial data

FAQ

Filing Documents

• e5886_10q.htm (10-Q) — 1107KB
• e5886_ex31-1.htm (EX-31.1) — 19KB
• e5886_ex31-2.htm (EX-31.2) — 19KB
• e5886_ex32-1.htm (EX-32.1) — 11KB
• e5886_ex32-2.htm (EX-32.2) — 12KB
• 0001731122-24-001317.txt ( ) — 5757KB
• dway-20240630.xsd (EX-101.SCH) — 45KB
• dway-20240630_cal.xml (EX-101.CAL) — 49KB
• dway-20240630_def.xml (EX-101.DEF) — 178KB
• dway-20240630_lab.xml (EX-101.LAB) — 369KB
• dway-20240630_pre.xml (EX-101.PRE) — 314KB
• e5886_10q_htm.xml (XML) — 769KB

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION F-1 Item 1.

Financial Statements

Financial Statements F-1 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 1 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 7 Item 4.

Controls and Procedures

Controls and Procedures 8

– OTHER INFORMATION

PART II – OTHER INFORMATION 10 Item 1.

Legal Proceedings

Legal Proceedings 10 Item 1A.

Risk Factors

Risk Factors 10 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 10 Item 3. Defaults Upon Senior Securities 10 Item 4. Mine Safety Disclosures 10 Item 5. Other Information 10 Item 6. Exhibits 11

– FINANCIAL

PART I – FINANCIAL INFORMATION

FINANCIAL STATEMENTS

ITEM 1. FINANCIAL STATEMENTS DRIVEITAWAY HOLDINGS, INC. INDEX TO UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2024 Page Condensed Consolidated Balance Sheets as of June 30, 2024 (Unaudited) and September 30, 2023 F-2 Condensed Consolidated Statements of Operations for the three and nine months ended June 30, 2024 and June 30, 2023 (Unaudited) F-3 Condensed Consolidated Statements of Changes in Stockholders' Deficit for the nine months ended June 30, 2024 and June 30, 2023 (Unaudited) F-4 Condensed Consolidated Statements of Cash Flows for the nine months ended June 30, 2024 and June 30, 2023 (Unaudited) F-5 Notes to the Condensed Consolidated Financial Statements (Unaudited) F-6 F-1 DriveItAway Holdings, Inc. Condensed Consolidated Balance Sheets June 30, September 30, 2024 2023 (Unaudited) Assets Current assets Cash $ 3,422 $ 4,632 Restricted cash — 18,559 Accounts receivable, net 12,533 11,584 Prepaid expenses 1,717 — Total current assets 17,672 34,775 Deferred financing costs, net 445,684 — Fixed assets, net 254,635 184,228 Intangible assets, net 7,731 11,787 Total Assets $ 725,722 $ 230,790 Liabilities and Stockholders' Deficit Current Liabilities Accounts payable and accrued liabilities $ 947,284 $ 664,707 Accrued interest – related parties 10,784 4,918 Deferred revenue 759 7,233 Customer deposits 1,339 2,234 Due to related parties 25,080 25,080 Promissory notes payable, net of debt discount 12,835 27,437 Promissory notes payable, in default 20,000 12,500 Promissory notes payable - related parties, in default 42,500 50,000 Convertible notes payable, net of debt discount 1,426,836 1,082,654 Convertible notes payable in default 250,000 — Derivative liability 1,387,303 1,317 Total Current Liabilities 4,124,720 1,878,080 SBA Loan - noncurrent 114,700 114,700

View Full Filing

View this 10-Q filing on SEC EDGAR