Alpha Investment Inc. Files Q1 2024 10-Q

TL;DR

Alpha Investment Inc. 10-Q filed. Real estate biz, formerly Gogo Baby. Check financials.

AI Summary

Alpha Investment Inc. filed its 10-Q for the period ending March 31, 2024. The company, formerly known as Gogo Baby, Inc., is incorporated in Delaware and operates in the real estate sector. Its principal business address is in Columbus, Ohio.

Why It Matters

This filing provides investors with the latest financial performance and operational details for Alpha Investment Inc. during the first quarter of 2024.

Risk Assessment

Risk Level: low — This is a standard quarterly filing with no immediate red flags or significant new risks indicated in the provided text.

Key Numbers

• 20240331 — Reporting Period End (The 10-Q covers financial data up to this date.)
• 20240520 — Filing Date (The date the 10-Q was officially filed with the SEC.)

Key Players & Entities

• Alpha Investment Inc. (company) — Filer
• Gogo Baby, Inc. (company) — Former company name
• 200 EAST CAMPUS VIEW BLVD (location) — Business and mailing address
• COLUMBUS, OH (location) — Business and mailing city/state
• 20240331 (date) — Reporting period end date

FAQ

Key Financial Figures

• $0.0001 — May 15, 2024 Common Stock, par value $0.0001 11,224,401 shares Documents incorpo
• $50 million — s, and managers and currently hold over $50 million in commercial real estate assets. Pursu

Filing Documents

• alpc10q033124.htm (10-Q) — 428KB
• exhibit311.htm (EX-31) — 8KB
• exhibit312.htm (EX-31) — 8KB
• exhibit321.htm (EX-32) — 5KB
• image_001.jpg (GRAPHIC) — 4KB
• 0001515971-24-000061.txt ( ) — 2390KB
• alpc-20240331.xsd (EX-101.SCH) — 20KB
• alpc-20240331_cal.xml (EX-101.CAL) — 28KB
• alpc-20240331_def.xml (EX-101.DEF) — 93KB
• alpc-20240331_lab.xml (EX-101.LAB) — 184KB
• alpc-20240331_pre.xml (EX-101.PRE) — 141KB
• alpc10q033124_htm.xml (XML) — 203KB

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION Page No.

Financial Statements

Item 1. Financial Statements. Condensed Consolidated Balance Sheets as of March 31, 2024 (unaudited) and December 31, 2023 5 Condensed Consolidated Statements of Operations for the Three Months Ended March 31, 2024 and 2023 (unaudited) 6 Condensed Consolidated Statement of Changes in Stockholders' Equity for the Three Months Ended March 31, 2024 and 2023 (unaudited) 7 Condensed Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2024 and 2023 (unaudited) 8 Notes to Unaudited Condensed Consolidated Financial Statements 9 – 14

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 – 16

Quantitative and Qualitative Disclosures About Market Risk

Item 3. Quantitative and Qualitative Disclosures About Market Risk. 16

Controls and Procedures

Item 4. Controls and Procedures. 16 – 17

- OTHER INFORMATION

PART II - OTHER INFORMATION

Legal Proceedings

Item 1. Legal Proceedings. 17

Risk Factors

Item 1A. Risk Factors. 18

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds. 18

Defaults Upon Senior Securities

Item 3. Defaults Upon Senior Securities. 18

Mine Safety Disclosures

Item 4. Mine Safety Disclosures. 18

Other Information

Item 5. Other Information. 18

Exhibits

Item 6. Exhibits. 18 3 CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION This report includes forward-looking factors that may cause our actual results, levels of activity, performance or achievements to differ materially from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Words such as, but not limited to, "believe," "expect," "anticipate," "estimate," "intend," "plan," "targets," "likely," "aim," "will," "would," "could," and similar expressions or phrases identify forward-looking statements. We have based these forward-looking statements largely on our current expectations and future events and financial trends that we believe may affect our financial condition, results of operation, business strategy and financial needs. Forward-looking statements include, but are not limited to, statements about: our lack of significant revenues and history of losses, our ability to continue as a going concern, our ability to raise additional working capital as necessary, our ability to satisfy our obligations as they become due, the failure to successfully commercialize our product or sustain market acceptance, the reliance on third party agreements and relationships for development of our business, the control exercised by our management, the impact of government regulation on our business, our ability to effectively compete, the possible inability to effectively protect our intellectual property, the lack of a public market for our securities and the impact of the penny stock rules on trading in our common stock should a public market ever be established. You should read thoroughly this report and the documents that we refer to herein with the understanding that our actual future results may be materially different from and/

FINANCIAL STATEMENTS

ITEM 1. FINANCIAL STATEMENTS Alpha Investment Inc Condensed Consolidated Balance Sheets (Unaudited) As of As of March 31, December 31, 2024 2023 ASSETS Current Assets: Cash $ 297 $ 14 Total Current Assets 297 14 TOTAL ASSETS $ 297 $ 14 LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Accounts payable $ 787,681 $ 747,771 Accrued management fees - related party 637,500 600,000 Distribution payable 610,000 580,000 Notes payable - short-term 57,654 53,979 Notes payable - related party 264,559 257,996 Judgments and settlements payable 2,662,147 2,662,147 Total Current Liabilities 5,019,540 4,901,894 Total Liabilities 5,019,440 4,901,894 Temporary Equity: Series 2018 Convertible Preferred Stock ($ 0.0001 par value), net of discounts of $ 86,871 and $ 92,793 , respectively, 100,000 shares authorized; 36,667 shares issued and outstanding (liquidation value: $ 500,000 ) (See Note 8) 463,708 457,786 Temporary Equity, net 463,708 457,786 Stockholders' Equity: Preferred stock ($ 0.0001 par value), 20,000,000 shares Series A Convertible Preferred stock ($ 15.00 par value), 100,000 shares authorized; 1,167 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively 17,505 17,505 Series AA Convertible Preferred stock ($ 0.0001 par value), 100,000 shares authorized, 100,000 and 100,000 issued and outstanding as of March 31, 2024 and December 31, 2023, respectively 10 10 Common stock, ($ 0.0001 par value), 100,000,000 shares authorized; 11,224,401 and 11,224,401 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively 1,123 1,123 Additional paid-in capital 6,073,400 6,045,290 Accumulated deficit ( 11,056,477 ) ( 10,935,082 ) Total Equity ( 4,964,439 ) ( 4,871,154 ) Non-controlling interest in variable interest entities ( 518,512 ) ( 488,512 ) Total Stockholders' Equity ( 5,482,951 ) ( 5,359,666 ) TOTAL LI

financial statements

financial statements. 8 ALPHA INVESTMENT INC NOTES TO CONDENSED FINANCIAL STATEMENTS NOTE 1 – ORGANIZATION AND DESCRIPTION OF BUSINESS Alpha Investment Inc, formerly GoGo Baby, Inc. (the "Company") was incorporated on February 22, 2013 under the laws of the State of Delaware to develop, create, manufacture and market, toys for small children which would be designed to attach to car seats and amuse and entertain children during a drive, without distracting the attention of the driver. The Company, however, encountered significant constraints in raising sufficient capital to fully implement its business plan. To better reflecting management's shifted focus of the Company's business to real estate and other commercial lending, on March 30, 2017, the Company filed a Certificate of Amendment to its Certificate of Incorporation with the Delaware Secretary of State changing its name from "Gogo Baby, Inc." to "Alpha Investment Inc." The name change and a corresponding change in the Company's OTC markets trading symbol from GGBY to ALPC received approval from FINRA and became effective as of April 19, 2017. On March 11, 2019, the Company, through Alpha Mortgage Notes I, LLC (the " SPV ") entered into an operating agreement with Alameda Partners LLC, a Utah limited liability company (" Alameda Partners "). Alameda Partners acquired a ten percent (10%) equity interest in the SPV in exchange for a payment of $ 1,000,000 to the Company and is the managing member of the SPV. The capital is intended for use in implementing the Company's strategy of acquiring commercial real estate performing notes and support other related growth initiatives and assets acquisitions for the Company The principals of Alameda Partners have significant long-term of experience in the commercial real estate industry as property developers, owners, and managers and currently hold over $50 million in commercial real estate assets. Pursuant to the operating agreement for the SPV, Alameda Partner

View Full Filing

View this 10-Q filing on SEC EDGAR