Eline Entertainment Group Files Q3 2024 10-Q

TL;DR

**ELINE ENTERTAINMENT GROUP (EEGI) Q3 2024 10-Q FILED. CHECK FINANCIALS.**

AI Summary

Eline Entertainment Group, Inc. filed its 10-Q for the period ending September 30, 2024. The filing details financial information for the company, which operates in the residential building construction sector. Key financial data and disclosures relevant to investors are presented in this quarterly report.

Why It Matters

This 10-Q filing provides investors with an update on Eline Entertainment Group's financial performance and position as of the third quarter of 2024, crucial for investment decisions.

Risk Assessment

Risk Level: medium — The risk level is medium due to the nature of SEC filings which can contain significant financial and operational disclosures that may impact stock price.

Key Numbers

• 20240930 — Reporting Period End Date (This is the end date for the financial data presented in the 10-Q.)
• 20250124 — Filing Date (This is the date the 10-Q was officially filed with the SEC.)
• 2023-12-31 — Previous Fiscal Year End (Provides a comparative point for financial analysis.)

Key Players & Entities

• Eline Entertainment Group, Inc. (company) — Filer of the 10-Q
• 20240930 (date) — End of the reporting period
• 1043150 (company) — Central Index Key for Eline Entertainment Group, Inc.
• 1520 (dollar_amount) — Standard Industrial Classification code for GEN BUILDING CONTRACTORS - RESIDENTIAL BUILDINGS
• 880429856 (dollar_amount) — IRS Number for Eline Entertainment Group, Inc.
• 852-3703-6155 (dollar_amount) — Business phone number for Eline Entertainment Group, Inc.

FAQ

Key Financial Figures

• $0.001 — Additional Total Shares Par Value, $0.001 Shares Par Value, $0.001 paid-in cap
• $6,619 — ee months ended September 30, 2024 were $6,619 compared to $13,949 for the three month
• $13,949 — tember 30, 2024 were $6,619 compared to $13,949 for the three months ended September 30
• $6,500 — tember 30, 2024, professional fees were $6,500, a decrease of $5,750 as compared to $1
• $5,750 — ssional fees were $6,500, a decrease of $5,750 as compared to $12,250 for the three mo
• $12,250 — 00, a decrease of $5,750 as compared to $12,250 for the three months ended of September
• $19,619 — ne months ended September 30, 2024 were $19,619 compared to $37,330 for the nine months
• $37,330 — ember 30, 2024 were $19,619 compared to $37,330 for the nine months ended September 30,
• $19,500 — tember 30, 2024, professional fees were $19,500, a decrease of $14,750 as compared to $
• $14,750 — sional fees were $19,500, a decrease of $14,750 as compared to $34,250 for the nine mon
• $34,250 — 0, a decrease of $14,750 as compared to $34,250 for the nine months ended of September
• $76,051 — o cash and a working capital deficit of $76,051. Operating Activities For nine month
• $14,553 — ses increased by $19,619 as compared to $14,553 for the nine months ended September 30,
• $22,777 — es in the amount of $nil as compared to $22,777 for the same period in 2023. Off-Balan

Filing Documents

• eline_i10q-093024.htm (10-Q) — 323KB
• eline_ex3101.htm (EX-31.1) — 10KB
• eline_ex3102.htm (EX-31.2) — 10KB
• eline_ex3201.htm (EX-32.1) — 4KB
• eline_ex3202.htm (EX-32.2) — 4KB
• 0001683168-25-000512.txt ( ) — 1822KB
• eegi-20240930.xsd (EX-101.SCH) — 13KB
• eegi-20240930_cal.xml (EX-101.CAL) — 21KB
• eegi-20240930_def.xml (EX-101.DEF) — 47KB
• eegi-20240930_lab.xml (EX-101.LAB) — 155KB
• eegi-20240930_pre.xml (EX-101.PRE) — 127KB
• eline_i10q-093024_htm.xml (XML) — 137KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION ITEM 1.

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS. 3 Condensed Balance Sheets as of September 30, 2024 (Unaudited) and December 31, 2023 (Audited) 3 Condensed 4 Condensed Statements of Changes in Stockholders' Deficit for the Nine Months ended September 30, 2024 and 2023 (Unaudited) 5 Condensed Statements of Cash Flows for the Nine Months ended September 30, 2024 and 2023 (Unaudited) 6 Notes to Condensed Financial Statements (Unaudited) 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. 11 ITEM 3.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk. 13 ITEM 4.

CONTROLS AND PROCEDURES

CONTROLS AND PROCEDURES. 13

OTHER INFORMATION

PART II. OTHER INFORMATION ITEM 1. Legal Proceedings. 15 ITEM 1A. RISK FACTORS. 15 ITEM 2. Unregistered Sales of Equity Securities and Use of Proceeds. 15 ITEM 3. Defaults Upon Senior Securities. 15 ITEM 4. Mine Safety Disclosures. 15 ITEM 5. OTHER INFORMATION. 15 ITEM 6. EXHIBITS. 15

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

Financial

Item 1. Financial Eline Entertainment Group, Inc. CONDENSED BALANCE SHEETS September 30, December 31, 2024 2023 (Unaudited) (Audited) Assets Current Assets Cash $ – $ – Total Current Assets – – Total Assets $ – $ – Liabilities and Stockholders' Deficit Current Liabilities Accounts payable and accrued expenses $ 47,515 $ 27,896 Due to related party 28,536 28,536 Total Current Liabilities 76,051 56,432 Total Liabilities 76,051 56,432 Commitment & contingencies – – Stockholders' Deficit Preferred Stock, Series D, $ 0.001 par value; 1,000,000 shares authorized, 1 and 1 shares issued and outstanding, respectively – – Common Stock, $ 0.001 par value; 20,000,000,000 shares authorized, 8,524,529,727 and 8,524,529,727 shares issued and outstanding, respectively 8,524,530 8,524,530 Additional paid-in capital 6,566,159 6,566,159 Accumulated loss ( 15,166,740 ) ( 15,147,121 ) Total Stockholders' Deficit ( 76,051 ) ( 56,432 ) Total Liabilities and Stockholders' Deficit $ – $ – See accompanying notes to unaudited condensed financial statements 3 Eline Entertainment Group, Inc. CONDENSED Unaudited Three Months Ended Nine Months Ended September 30, September 30, September 30, September 30, 2024 2023 2024 2023 Revenues $ – $ – $ – $ – Operating expenses Professional fees 6,500 12,250 19,500 34,250 Other general & administrative expense 119 1,699 119 3,080 Total operating expenses 6,619 13,949 19,619 37,330 Loss from operations ( 6,619 ) ( 13,949 ) ( 19,619 ) ( 37,330 ) Other Income (Expenses) Interest income (expense) – – – – Total other income (expenses) – – – – Net loss before income tax ( 6,619 ) ( 13,949 ) ( 19,619 ) ( 37,330 ) Income tax expense – – – – Net loss $ ( 6,619 ) $ ( 13,949 ) $ ( 19,619 ) $ ( 37,330 ) Earnings (Loss) per Share - Bas

Management's Discussion and Analysis of Financial

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations The following management's discussion and analysis ("MD&A") should be read in conjunction with financial statements of Eline Entertainment Group, Inc. for the three and nine months ended September 30, 2024 and 2023, and the notes thereto. Safe Harbor for Forward-Looking Statements Certain statements included in this MD&A constitute forward-looking statements, including those identified by the expressions anticipate, believe, plan, estimate, expect, intend, and similar expressions to the extent they relate to Eline Entertainment Group, Inc. or its management. These forward-looking statements are not facts, promises, or guarantees; rather, they reflect current expectations regarding future results or events. These forward-looking statements are subject to risks and uncertainties that could cause actual results, activities, performance, or events to differ materially from current expectations. These include risks related to revenue growth, operating results, industry, products, and litigation, as well as the matters discussed in Eline Entertainment Group, Inc's MD&A. Readers should not place undue reliance on any such forward-looking statements. Eline Entertainment Group, Inc disclaims any obligation to publicly update or to revise any such statements to reflect any change in the Company's expectations or in events, conditions, or circumstances on which any such statements may be based, or that may affect the likelihood that actual results will differ from those set forth in the forward-looking Eline Entertainment Group, Inc, Inc. is a blank check company and has no operations. Our business plan includes acquisitions of operating companies. In summary, EEGI is focused on raising capital for its business plan. As of this filing, we have not raised any capital and our business is not yet operational. Results of Operations The following discussion of our fi

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