Earth Science Tech, Inc. Files 10-Q for Period Ending December 31, 2023

TL;DR

<b>Earth Science Tech, Inc. has filed its quarterly report (10-Q) for the period ending December 31, 2023.</b>

AI Summary

Earth Science Tech, Inc. (ETST) filed a Quarterly Report (10-Q) with the SEC on February 20, 2024. Earth Science Tech, Inc. filed a 10-Q for the period ending December 31, 2023. The company's fiscal year end is March 31. The filing covers the third quarter of fiscal year 2023. The company is incorporated in Nevada. The business and mailing address is in Miami, Florida.

Why It Matters

For investors and stakeholders tracking Earth Science Tech, Inc., this filing contains several important signals. This filing provides investors with an update on the company's financial performance and operational status for the specified quarter. Understanding the details within this 10-Q is crucial for assessing the company's current financial health and future prospects.

Risk Assessment

Risk Level: low — Earth Science Tech, Inc. shows low risk based on this filing. The filing is a standard quarterly report (10-Q) and does not contain immediate, significant financial events or disclosures that would elevate the risk level.

Analyst Insight

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

Key Numbers

• 2023-12-31 — Period End Date (Conformed period of report)
• 2024-02-20 — Filing Date (Filed as of date)
• 2023-10-01 — Quarter Start Date (Q3 2023)
• 2023-12-31 — Quarter End Date (Q3 2023)

Key Players & Entities

• Earth Science Tech, Inc. (company) — Filer
• 2023-12-31 (date) — Period of report
• 2024-02-20 (date) — Filed as of date
• Miami, FL (location) — Business address
• Nevada (location) — State of incorporation
• Ultimate Novelty Sports Inc. (company) — Former company name

FAQ

Industry Context

Earth Science Tech, Inc. operates within the Pharmaceutical Preparations industry (SIC code 2834).

Regulatory Implications

The filing is a Form 10-Q, which is a mandatory quarterly report filed by public companies with the U.S. Securities and Exchange Commission (SEC) under the Securities Exchange Act of 1934.

What Investors Should Do

1. Analyze the financial statements for revenue, net income, and cash flow.
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.

Key Dates

• 2023-12-31: Period End Date — End of the reporting period for the 10-Q filing.
• 2024-02-20: Filing Date — Date the 10-Q was officially filed with the SEC.

Year-Over-Year Comparison

This is a 10-Q filing, which is a standard quarterly report. No specific comparative data from a previous filing is immediately available in this header information.

Key Financial Figures

• $0.001 — ange on which registered Common Stock $0.001 par value ETST Over the Counter Bul

Filing Documents

• form10-q.htm (10-Q) — 554KB
• ex31-1.htm (EX-31.1) — 13KB
• ex31-2.htm (EX-31.2) — 13KB
• ex32-1.htm (EX-32.1) — 9KB
• ex32-2.htm (EX-32.2) — 9KB
• 0001493152-24-007125.txt (&nbsp;) — 3179KB
• etst-20231231.xsd (EX-101.SCH) — 29KB
• etst-20231231_cal.xml (EX-101.CAL) — 49KB
• etst-20231231_def.xml (EX-101.DEF) — 69KB
• etst-20231231_lab.xml (EX-101.LAB) — 220KB
• etst-20231231_pre.xml (EX-101.PRE) — 169KB
• form10-q_htm.xml (XML) — 372KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION ITEM 1.

Financial Statements (Unaudited)

Financial Statements (Unaudited) F-1 Consolidated Balance Sheets F-1 Consolidated Statements of Operations F-2 Consolidated Statements of Changes in Shareholders' Equity F-3 Consolidated Statements of Cash Flows F-4

Notes to Consolidated Financial Statements

Notes to Consolidated Financial Statements F-5-F-14 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 3 ITEM 3.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 8 ITEM 4.

Controls and Procedures

Controls and Procedures 8

OTHER INFORMATION

PART II. OTHER INFORMATION ITEM 1.

Legal Proceedings

Legal Proceedings 9 ITEM 1A.

Risk Factors

Risk Factors 9 ITEM 2. Unregistered Sales of Equity Securities and Use of Proceeds 9 ITEM 3. Defaults Upon Senior Securities 9 ITEM 4. Mine Safety Disclosures 9 ITEM 5. Other Information 9 ITEM 6. Exhibits 9

SIGNATURES

SIGNATURES 10 2 PART I – FINANCIAL INFORMATION ITEM 1. FINANCIAL STATEMENTS Earth Science Tech, Inc. & Subsidiaries Consolidated Balance Sheets December 31, 2023 March 31, 2023 ASSETS Current Assets: Cash $ 205,718 $ 35,756 Accounts Receivable (net allowance of $ 0 and $ 0 respectively) $ 112,826 $ 0 Inventory $ 395,483 $ 10,260 Total current assets 714,027 46,016 Other Assets: Property and Equipment, net $ 121,339 $ 143,213 Right of use asset, net $ 123,491 $ 200,674 Intangible assets, net $ 122,318 $ 137,819 Goodwill $ 2,164,480 $ 2,164,480 Total other assets 2,531,628 $ 2,646,186 Total Assets $ 3,245,655 $ 2,692,202 LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Accounts payable and accrued liabilities $ 643,434 $ 517,137 Current portion of loans and obligations $ 30,492 $ 604,767 Other Payables - Equipment Leases $ 68,050 $ 117,193 Interest Payable $ 15,006 $ 0 Current portion of operating lease obligations $ 68,184 $ 68,188 Total current liabilities 825,166 $ 1,307,285 Operating lease obligations; less current maturities $ 45,606 $ 96,743 Loans and obligations; less current maturities $ 215,500 $ 204,408 Total Liabilities $ 1,086,272 $ 1,608,436 Stockholders' (Deficit) Equity: Preferred stock, par value $ 0.001 per share, 1,000,000 shares authorized; 1,000,000 and 0 shares issued and outstanding as of December 31, 2023, and March 31, 2023, respectively $ 1,000 $ 1,000 Common stock, par value $ 0.001 per share, 750,000,000 shares authorized; 314,850,730 and 282,612,083 shares issued and outstanding as of December 31, 2023, and March 31, 2023 respectively $ 314,852 $ 282,612 Additional paid-in capital 31,766,199 $ 31,303,138 Accumulated deficit ( 29,922,668 ) $ ( 30,502,984 ) Total stockholders' (Deficit)Equity $ 2,159,383 $ 1,083,766 Total Liabilities and Stockholders' (Deficit) Equity $ 3,245,655 $ 2,692,202 F-1 Earth Scie

View Full Filing

View this 10-Q filing on SEC EDGAR