Goliath Film & Media Holdings Files 10-Q for Period Ending January 31, 2024

TL;DR

<b>Goliath Film & Media Holdings submitted its Q3 10-Q filing on March 18, 2024, detailing operations for the period ending January 31, 2024.</b>

AI Summary

Goliath Film & Media Holdings (GFMH) filed a Quarterly Report (10-Q) with the SEC on March 18, 2024. Goliath Film & Media Holdings filed a 10-Q report for the period ending January 31, 2024. The filing covers the third quarter of their fiscal year. The company's fiscal year ends on April 30th. The filing was submitted on March 18, 2024. The company's principal business is Motion Picture & Video Tape Distribution (SIC 7822).

Why It Matters

For investors and stakeholders tracking Goliath Film & Media Holdings, this filing contains several important signals. This 10-Q filing provides investors with an update on Goliath Film & Media Holdings' financial performance and operational status for the third quarter of their fiscal year. Understanding the details within this report is crucial for stakeholders to assess the company's current financial health, strategic direction, and potential risks moving forward.

Risk Assessment

Risk Level: low — Goliath Film & Media Holdings shows low risk based on this filing. The filing is a standard 10-Q, providing routine financial updates without immediate indicators of significant financial distress or major strategic shifts.

Analyst Insight

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

Key Numbers

• 2024-01-31 — Reporting Period End Date (CONFORMED PERIOD OF REPORT)
• 2024-03-18 — Filing Date (FILED AS OF DATE)
• 0430 — Fiscal Year End (FISCAL YEAR END)
• 7822 — SIC Code (STANDARD INDUSTRIAL CLASSIFICATION)

Key Players & Entities

• Goliath Film & Media Holdings (company) — COMPANY CONFORMED NAME
• 2024-01-31 (date) — CONFORMED PERIOD OF REPORT
• 2024-03-18 (date) — FILED AS OF DATE
• 7822 (industry_code) — STANDARD INDUSTRIAL CLASSIFICATION
• 272895668 (tax_id) — IRS NUMBER
• 0430 (fiscal_year_end) — FISCAL YEAR END
• 1934 Act (regulation) — SEC ACT
• 000-18945 (sec_file_number) — SEC FILE NUMBER

FAQ

Industry Context

The company operates in the Motion Picture & Video Tape Distribution industry, a sector focused on the distribution of films and video content.

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934, requiring public companies to submit regular financial reports to the SEC.

What Investors Should Do

1. Analyze the financial statements for revenue, expenses, and profitability trends.
2. Review any disclosures regarding operational activities or significant business developments.
3. Compare current period results to prior periods to identify performance changes.

Key Dates

• 2024-01-31: End of Reporting Period — Covers the financial and operational results for the third quarter.
• 2024-03-18: Filing Date — Date the 10-Q report was officially submitted to the SEC.

Year-Over-Year Comparison

This is the 10-Q filing for the period ending January 31, 2024, providing an update since the previous filing.

Key Financial Figures

• $0.001 — nge on which registered Common stock, $0.001 par value GFMH OTCBB There were 1

Filing Documents

• form10-q.htm (10-Q) — 458KB
• ex31-1.htm (EX-31.1) — 11KB
• ex32-1.htm (EX-32.1) — 7KB
• 0001493152-24-010262.txt (&nbsp;) — 2121KB
• gfmh-20240131.xsd (EX-101.SCH) — 14KB
• gfmh-20240131_cal.xml (EX-101.CAL) — 22KB
• gfmh-20240131_def.xml (EX-101.DEF) — 47KB
• gfmh-20240131_lab.xml (EX-101.LAB) — 134KB
• gfmh-20240131_pre.xml (EX-101.PRE) — 102KB
• form10-q_htm.xml (XML) — 250KB

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements 3 Condensed Consolidated Balance Sheets as of January 31, 2024 (unaudited) and April 30, 2023 4 Condensed Consolidated Statements of Operations for the three and nine months ended January 31, 2024 and 2023 (unaudited) 5 Condensed Consolidated Statements of Stockholders' Deficit as of January 31, 2024 and 2023 (unaudited) 6 Condensed Consolidated Statements of Cash Flows for the nine months ended January 31, 2024 and 2023 (unaudited) 7 Notes to the Condensed Consolidated Financial Statements (unaudited) 8

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 15

Quantitative and Qualitative Disclosures About Market Risk

Item 3. Quantitative and Qualitative Disclosures About Market Risk 22

Controls and Procedures

Item 4. Controls and Procedures 22

– OTHER INFORMATION

PART II – OTHER INFORMATION

Legal Proceedings

Item 1. Legal Proceedings 23

Risk Factors

Item 1A. Risk Factors 23

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 23

Defaults Upon Senior Securities

Item 3. Defaults Upon Senior Securities 23

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 23

Other Information

Item 5. Other Information 23

Exhibits

Item 6. Exhibits 23

Signatures

Signatures 24 2 PART I – FINANCIAL INFORMATION Item 1. Financial Statements. The accompanying unaudited financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and in accordance with the instructions for Form 10-Q. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, the financial statements contain all material adjustments, consisting only of normal recurring adjustments necessary to present fairly the financial condition, results of operations, and cash flows of the Company for the interim periods presented. The results for the periods ended January 31, 2024 are not necessarily indicative of the results of operations for the full year. 3 GOLIATH FILM AND MEDIA HOLDINGS CONDENSED CONSOLIDATED BALANCE SHEETS January 31 April 30, 2024 2023 (unaudited) ASSETS Current assets Cash $ 497 $ 9,214 Prepaid expenses 7,500 7,500 Total current assets 7,997 16,714 Total assets $ 7,997 $ 16,714 LIABILITIES AND STOCKHOLDERS' DEFICIT Current liabilities Accounts payable and accrued expenses $ 14,438 $ 14,676 Accounts payable – related party 77,234 102,244 Total current liabilities 91,672 116,920 Total liabilities 91,672 116,920 Commitments and contingencies — — Stockholders' deficit Preferred stock, $ 0.001 par value, 1,000,000 shares authorized; no shares issued and outstanding at January 31, 2024 and April 30, 2023, respectively — — Common stock, $ 0.001 par value, 300,000,000 shares authorized; 138,964,917 shares issued and outstanding, at January 31, 2024 and April 30, 2023, respectively 138,966 138,966 Additional paid in capital 451,500 451,500 Common stock to be issued 381,532 381,532 Accumulated deficit ( 1,055,673 ) ( 1,072,204 ) Total stockholders' deficit ( 83,675 )

View Full Filing

View this 10-Q filing on SEC EDGAR