GivBux, Inc. Files Q3 2024 10-Q

TL;DR

GivBux (GBUX) filed its Q3 10-Q. Formerly Sentaida Tire & Rub A Dub Soap.

AI Summary

GivBux, Inc. filed its quarterly report on Form 10-Q for the period ended September 30, 2024. The company, formerly known as Sentaida Tire Co Ltd and Rub A Dub Soap Inc, is incorporated in Nevada and operates in the business services sector. Its common shares trade under the symbol GBUX on the OTC Pink Sheet.

Why It Matters

This filing provides investors with an update on GivBux, Inc.'s financial performance and operational status for the third quarter of 2024.

Risk Assessment

Risk Level: low — This is a routine quarterly filing providing standard financial and operational information.

Key Numbers

• 000-52142 — Commission File Number (Identifies the specific SEC filing)
• 0001169138 — Central Index Key (Unique identifier for the filer)

Key Players & Entities

• GIVBUX, INC. (company) — Filer
• SENTAIDA TIRE CO LTD (company) — Former company name
• RUB A DUB SOAP INC (company) — Former company name
• GBUX (company) — Trading Symbol
• 20240930 (date) — Quarterly period end date

FAQ

Key Financial Figures

• $0 — 26,260 Loans payable, net discount of $0 and 23,904 525,150 398,246 Converti
• $130,506 — 46 Convertible notes, net discount of $130,506 and $18,070 323,473 145,830 Derivat
• $18,070 — ble notes, net discount of $130,506 and $18,070 323,473 145,830 Derivative liabilit
• $0.001 — Preferred stock: 10,000,000 authorized; $0.001 par value 0 shares issued and outstandi
• $3,019,598 — The Company has incurred net losses of $3,019,598 during the nine months ended September
• $7,006,264 — 2024, and has an accumulated deficit of $7,006,264 as of September 30, 2024. In addition,
• $3,162,237 — nt liabilities exceed current assets by $3,162,237 as of September 30, 2024. Management
• $29,250 — marina spaces for a three-year term at $29,250 per month for the first twelve months.
• $148,988 — 2023, the Company obtained $ 31,940 and $148,988 loan from our related parties, repaid $
• $98,047 — 8 loan from our related parties, repaid $98,047 and $109,950 to our related parties and
• $109,950 — our related parties, repaid $98,047 and $109,950 to our related parties and recognized i
• $20,326 — ated parties and recognized interest of $20,326 and $21,560, respectively. As of Sept
• $21,560 — and recognized interest of $20,326 and $21,560, respectively. As of September 30, 20
• $868,747 — ny had notes payable related parties of $868,747 and $934,854 and accrued interest of $1
• $934,854 — payable related parties of $868,747 and $934,854 and accrued interest of $111,732 and $9

Filing Documents

• form10-q.htm (10-Q) — 567KB
• form10-q_001.jpg (GRAPHIC) — 24KB
• 0001493152-24-046861.txt ( ) — 601KB

From the Filing

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended 9/30/24 or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________________________ to _______________________ Commission File Number: 000-52142 GivBux Inc Nevada 84-1609495 (I.R.S. Employer Identification No.) 2751 W Coast Hwy Suite 200 Newport Beach CA 92663 (Zip Code) (1) 844-448-2899 Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Shares GBUX OTC Pink Sheet SEC 1296 (02-23) Potential persons who are to respond to the collection of information contained in this Form are not required to respond unless the Form displays a currently valid OMB control number. Umesh Singh CEO Robert Thompson Director Michael Arnkvarn Director Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes No Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes No Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer Accelerated filer Non-accelerated filer Smaller reporting company Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes No APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PRECEDING FIVE YEARS: Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Sections 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court. Yes No PART I—FINANCIAL INFORMATION Item 1. Financial Statements. GivBux, Inc Consolidated Balance sheets (Unaudited) September 30, December 31, 2024 2023 Assets Current assets Cash $ 64,655 $ 41,870 Prepaid expenses - 22,770 Other receivable 10,180 10,000 Total current assets 74,835 74,640 Operating lease right of use asset - 60,357 Total Assets $ 74,835 $ 134,997 Liabilities and Stockholders’ Deficit Current Liabilities Accounts payable $ 174,296 $ 174,475 Accrued liabilities 954,113 714,986 Due to related party 3,275 3,275 Notes payable - related parties 980,479 1,026,260 Loans payable, net discount of $0 and 23,904 525,150 398,246 Convertible notes, net discount of $130,506 and $18,070 323,473 145,830 Derivative liabilities 276,286 32,241 Operating lease liabilities - current - 62,323 Total Current Liabilities 3,237,072 2,557,636 Total Liabilities 3,237,072 2,557,636 Stockholders’ Deficit Preferred stock: 10,000,000 authorized; $0.001 par value 0 shares issued and outstanding - - Common stock: 100,000,000 authorized; $0.001 par value 94,579,434 shares and 88,579,434 shares issued and outstanding, respectively 94,580 88,580 Additional paid in capital 3,689,447 1,415,447 Subscription received - shares to be issued 60,000 60,000 Accumulated deficit (7,006,264 ) (3,986,666 ) Total Stockholders’ Deficit (3,162,237 ) (2,422,639 ) Total Liabilities and Stockholders’ Deficit $ 74,835 $ 134,997 See accompanying notes to unaudited consolidated financial statements. 2 of 24 GivBux, Inc Consolidated (Unaudited) Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 Revenue $ 257,920 $ 65,470 $ 330,319 $ 130,961 Cost of revenue 142,202 - 142,202 - Gross profit 115,718 65,470 188,117 130,961 Operating expenses General and administrative 240,233 113,509 603,363 442,945

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