Ezagoo Ltd Files 10-Q for Q2 2024
Ticker: EZOO · Form: 10-Q · Filed: Aug 16, 2024 · CIK: 1752372
| Field | Detail |
|---|---|
| Company | Ezagoo Ltd (EZOO) |
| Form Type | 10-Q |
| Filed Date | Aug 16, 2024 |
| Risk Level | low |
| Pages | 16 |
| Reading Time | 19 min |
| Key Dollar Amounts | $0.0001, $, $1 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, quarterly-report, financials, advertising
TL;DR
Ezagoo Ltd 10-Q filed. Q2 2024 financials out.
AI Summary
Ezagoo Ltd filed its 10-Q for the period ending June 30, 2024. The company, incorporated in Nevada and operating in advertising services, is based in Changsha, Hunan. The filing covers financial information for the second quarter and the first half of 2024, comparing it to the same periods in 2023.
Why It Matters
This filing provides investors with an update on Ezagoo Ltd's financial performance and position for the second quarter of 2024, crucial for understanding the company's ongoing operations and potential future trajectory.
Risk Assessment
Risk Level: low — The filing is a standard quarterly report and does not contain immediate red flags or significant negative developments.
Key Numbers
- Q2 2024 — Reporting Period (Financials for the second quarter of 2024 are detailed.)
- H1 2024 — Reporting Period (Financials for the first half of 2024 are detailed.)
- 2023 — Comparison Period (Financials are compared against the same periods in 2023.)
Key Players & Entities
- Ezagoo Ltd (company) — Filer of the 10-Q report
- 0001752372 (company) — Central Index Key for Ezagoo Ltd
- 20240630 (date) — Conformed period of report
- 20240816 (date) — Filed as of date
- 7310 (dollar_amount) — Standard Industrial Classification for Services-Advertising
- NV (company) — State of incorporation
- 1231 (date) — Fiscal year end
FAQ
What is Ezagoo Ltd's primary business activity?
Ezagoo Ltd operates in the Services-Advertising sector, with SIC code 7310.
What is the period covered by this 10-Q filing?
This 10-Q filing covers the period ending June 30, 2024.
When was this 10-Q filing submitted to the SEC?
This 10-Q filing was submitted on August 16, 2024.
In which state is Ezagoo Ltd incorporated?
Ezagoo Ltd is incorporated in Nevada (NV).
What is Ezagoo Ltd's fiscal year end?
Ezagoo Ltd's fiscal year ends on December 31 (1231).
Filing Stats: 4,651 words · 19 min read · ~16 pages · Grade level 14.3 · Accepted 2024-08-15 20:08:59
Key Financial Figures
- $0.0001 — (g) of the Act: Common stock, par value $0.0001 per share Indicate by check mark if t
- $ — rrency is not US$ are translated into US$, in accordance with ASC Topic 830-30, "
- $1 — Translation of amounts from RMB into US$1 has been made at the following exchange
Filing Documents
- form10-q.htm (10-Q) — 641KB
- ex31-1.htm (EX-31.1) — 16KB
- ex31-2.htm (EX-31.2) — 16KB
- ex32-1.htm (EX-32.1) — 8KB
- ex32-2.htm (EX-32.2) — 8KB
- 0001493152-24-032721.txt ( ) — 3823KB
- ezoo-20240630.xsd (EX-101.SCH) — 41KB
- ezoo-20240630_cal.xml (EX-101.CAL) — 49KB
- ezoo-20240630_def.xml (EX-101.DEF) — 110KB
- ezoo-20240630_lab.xml (EX-101.LAB) — 248KB
- ezoo-20240630_pre.xml (EX-101.PRE) — 200KB
- form10-q_htm.xml (XML) — 536KB
FINANCIAL STATEMENTS
FINANCIAL STATEMENTS: F-1 Condensed Consolidated Balance Sheets as of June 30, 2024 (unaudited) and December 31, 2023 F-1 Condensed Consolidated Statements of Operations and Comprehensive Income/(Loss) for the six months ended June 30, 2024 and 2023 (unaudited) F-2 Condensed Consolidated Statement of Changes in Stockholders' Deficit for the six months ended June 30, 2024 and 2023 (unaudited) F-3 Condensed Consolidated Statements of Cash Flows for the six months ended June 30, 2024 and 2023 (unaudited) F-4 Notes to the Condensed Consolidated Financial Statements (unaudited) F-5 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 2-4 ITEM 3. QUANTITATIVE AND QUALITATIVED IS CLOSURES ABOUT MARKET RISK 5 ITEM 4.
CONTROLS AND PROCEDURES
CONTROLS AND PROCEDURES 5 PART II OTHER INFORMATION 5 ITEM 1
LEGAL PROCEEDINGS
LEGAL PROCEEDINGS 5 ITEM 2 UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS 5 ITEM 3 DEFAULTS UPON SENIOR SECURITIES 5 ITEM 4 MINE SAFETY DISCLOSURES 5 ITEM 5 OTHER INFORMATION 5 ITEM 6 EXHIBITS 5
SIGNATURES
SIGNATURES 6 1 PART I – FINANCIAL INFORMATION Item 1. Financial statements EZAGOO LIMITED CONDENSED CONSOLIDATED BALANCE SHEETS AS OF JUNE 30, 2024 (UNAUDITED) AND DECEMBER 31, 2023 (Currency expressed in United States Dollars ("US
quot;), except for number of shares) June 30, 2024 December 31, 2023 (Reclassified) ASSETS CURRENT ASSETS Cash and cash equivalents $ 228,838 $ 266,542 Amount due from the related party 138 141 Deposits, prepayments and other receivables 32,381 28,763 Income tax receivables 2,073 2,073 Total current assets 263,430 297,519 NON-CURRENT ASSETS Property and equipment, net - - Right-of-use assets 10,663 21,603 Total non-current assets 10,663 21,603 TOTAL ASSETS $ 274,093 $ 319,122 LIABILITIES AND STOCKHOLDERS' DEFICIT CURRENT LIABILITIES Accounts payable $ 11,426 $ 13,527 Accrual, other payables and deposits received 165,887 172,718 Amounts due to the related parties 3,389,305 3,243,063 Lease liabilities 11,489 21,603 Total current liabilities 3,578,107 3,450,911 TOTAL LIABILITIES $ 3,578,107 $ 3,450,911 STOCKHOLDERS' DEFICIT Preferred stocks, $ 0.0001 par value, 200,000,000 shares authorized, none issued and outstanding $ - $ - Common stocks, $ 0.0001 par value, 600,000,000 shares authorized, 119,956,826 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively 11,996 11,996 Additional paid-in capital 1,469,166 1,469,166 Accumulated other comprehensive income 205,543 125,963 Accumulated deficit ( 4,990,719 ) ( 4,738,914 ) TOTAL STOCKHOLDERS' DEFICIT ( 3,304,014 ) ( 3,131,789 ) TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 274,093 $ 319,122 See accompanying notes to the unaudited condensed consolidated financial statements. F-1 EZAGOO LIMITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME/(LOSS) FOR THE SIX MONTHS ENDED JUNE 30, 2024 AND 2023 (Currency expressed in