Alpha Investment Inc. Files 10-K/A for Fiscal Year Ended December 31, 2023

TL;DR

<b>Alpha Investment Inc. has filed an amended 10-K for FY2023, detailing its financial structure and historical company information.</b>

AI Summary

Alpha Investment Inc. (GGBY) filed a Amended Annual Report (10-K/A) with the SEC on April 17, 2024. Alpha Investment Inc. filed a 10-K/A amendment on April 17, 2024, for the fiscal year ending December 31, 2023. The company was formerly known as Gogo Baby, Inc., with a name change effective August 14, 2014. Alpha Investment Inc. is incorporated in Delaware and operates in the Real Estate sector (SIC 6500). The filing includes detailed financial data for common stock, preferred stock series, additional paid-in capital, noncontrolling interest, and retained earnings for fiscal years 2021, 2022, and 2023. Specific financial instruments like Series A Preferred Stock, Series Aa Convertible Preferred Stock, and Series 2018 Convertible Preferred Stock are detailed for the periods ending December 31, 2022, and 2023.

Why It Matters

For investors and stakeholders tracking Alpha Investment Inc., this filing contains several important signals. This amended filing provides a comprehensive overview of Alpha Investment Inc.'s financial position and equity structure as of December 31, 2023, which is crucial for investors assessing the company's stability and capital composition. The inclusion of historical data and former company names clarifies the evolution of Alpha Investment Inc., offering context for its current operational and financial standing within the real estate sector.

Risk Assessment

Risk Level: low — Alpha Investment Inc. shows low risk based on this filing. The filing is an amendment (10-K/A), suggesting potential corrections or additions to previously submitted information, but the content provided does not indicate significant new risks or negative developments.

Analyst Insight

Review the detailed breakdown of equity and preferred stock series to understand the capital structure and potential impact on common shareholders.

Key Numbers

• 2023-12-31 — Fiscal Year End (Conformed period of report)
• 2024-04-17 — Filing Date (As of date for the filing)
• 2014-08-14 — Name Change Date (Date of former company name change)
• 6500 — SIC Code (Standard Industrial Classification for Real Estate)

Key Players & Entities

• Alpha Investment Inc. (company) — Filer name and company name
• Gogo Baby, Inc. (company) — Former company name
• 2014-08-14 (date) — Date of name change
• 2023-12-31 (date) — Fiscal year end date
• 2024-04-17 (date) — Filing date
• Columbus, OH (location) — Business and mail address city and state
• 6500 (industry_code) — Standard Industrial Classification code for Real Estate
• DE (jurisdiction) — State of incorporation

FAQ

Key Dates

• 2023-12-31: Fiscal Year End — Reporting period for the 10-K/A filing.
• 2024-04-17: Filing Date — Date the amended 10-K was filed with the SEC.

Glossary

10-K/A

An amended annual report filed with the SEC to correct or supplement information in a previously filed 10-K. (Indicates that the filing contains revised or additional information regarding the company's annual performance.)

SIC Code

Standard Industrial Classification code used to categorize businesses by industry. (Helps to understand Alpha Investment Inc.'s primary business activity within the real estate sector.)

Key Financial Figures

• $0.0001 — ction 12(g) of the Act: Common Stock, $0.0001 par value Indicate by check mark if t
• $1,000,000 — in the SPV in exchange for a payment of $1,000,000 to the Company and is the managing memb
• $50 million — s, and managers and currently hold over $50 million in commercial real estate assets. Pursu
• $10,000 — distributions in cash or stock equal to $10,000. As of December 31, 2022, the SPV has n
• $295,000 — shares) for aggregate consideration of $295,000. The Control Share Sale was consummated

Filing Documents

• alpc10k123123.htm (10-K/A) — 680KB
• exhibit311.htm (EX-31) — 9KB
• exhibit312.htm (EX-31) — 10KB
• exhibit321.htm (EX-32) — 5KB
• exhibit322.htm (EX-32) — 5KB
• image_001.jpg (GRAPHIC) — 4KB
• 0001515971-24-000041.txt (&nbsp;) — 3681KB
• alpc-20231231.xsd (EX-101.SCH) — 27KB
• alpc-20231231_cal.xml (EX-101.CAL) — 39KB
• alpc-20231231_def.xml (EX-101.DEF) — 144KB
• alpc-20231231_lab.xml (EX-101.LAB) — 296KB
• alpc-20231231_pre.xml (EX-101.PRE) — 236KB
• alpc10k123123_htm.xml (XML) — 340KB

Business

Business 3 Item 1A.

Risk Factors

Risk Factors 8 Item 2.

Properties

Properties 8 Item 3.

Legal Proceedings

Legal Proceedings 8 Item 4. Mine Safety Disclosures 8 Part II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 9 Item 6.

Selected Financial Data

Selected Financial Data 9 Item 7.

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

Management's Discussion and Analysis of Financial Condition and Results of Operations 9 Item 7A.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 11 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 12 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 13 Item 9A.

Controls and Procedures

Controls and Procedures 13 Item 9B. Other Information 14 Part III Item 10. Directors and Executive Officers 15 Item 11.

Executive Compensation

Executive Compensation 16 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 18 Item 13. Certain Relationships and Related Transactions 18 Item 14. Principal Accounting Fees and Services 19 Part IV Item 15. Exhibits 20

Signatures

Signatures 21 2 Part I CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION Certain statements in this Annual Report on Form 10-K (the " annual report ") contain or may contain forward-looking statements that are subject to known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These forward-looking statements were based on various factors and were derived utilizing numerous assumptions and other factors that could cause our actual results to differ materially from those in the forward-looking statements. These factors include, but are not limited to, our ability to consummate a merger or business combination, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk, U.S. and global competition, and other factors. Most of these factors are difficult to predict accurately and are generally beyond our control. You should consider the areas of risk described in connection with any forward-looking statements that may be made herein. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this annual report. Readers should carefully review this annual report in its entirety, including but not limited to our consolidated financial statements and the notes thereto. Except for our ongoing obligations to disclose material information under the Federal securities laws, we undertake no obligation to release publicly any revisions to any forward-looking statements, to report events or to report the occurrence of unanticipated events. For any forward-looking statements contained in any document, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Unless the c

Business

Item 1. Business Overview We intend to provide capital directly to borrowers seeking financing for commercial real estate properties either for refinancing or acquisitions. These loans will encompass originating performing commercial first mortgage loans, subordinate financings, and other commercial real estate-related debt. Notwithstanding the foregoing, we intend to operate our business so that we do not become subject to the Investment Company Act of 1940, as amended. Accordingly, we do not plan to primarily engage in the business of investing, reinvesting, or trading in securities and we do not plan to acquire investment securities (such as commercial mortgage-backed securities) having a value exceeding 40% of the value of the Company's total assets. We expect to offer financing across a broad-spectrum of asset backed and commercial real asset type collateral of any property type such as office, retail, industrial, multi-family, and hospitality. The Company will coordinate its lending initiatives with outside commercial real estate loan brokers, which have access to commercial real estate owners seeking financing or refinancing opportunities, and with loan origination firms that have borrowers seeking loans. We believe that this will enable ALPC to broaden its access to new borrowers and to develop and implement financing solutions for these other lenders, mortgage bankers, borrowers, and owners. In the event the Company uses third party loan origination services and underwriters, the Company will cover these costs in accordance with industry standard practices. In addition, the Company from time to time will also engage in participating equity financing within strategic opportunistic projects and businesses that could bring added value to stockholders. The Company expects to require substantial capital to fully fund and implement its operations. The Company plans to raise such capital through private or public offerings of equity, debt or other securities

View Full Filing

View this 10-K/A filing on SEC EDGAR