GHST World Inc. Files 2024 10-K

TL;DR

GHST World Inc. 2024 10-K filed. Financials look solid, check preferred stock details.

AI Summary

GHST World Inc. filed its 10-K for the fiscal year ending June 30, 2024, reporting on its financial performance and business operations. The company, formerly known as Ghost Technology Inc., is based in New York and operates in the prepackaged software industry. The filing details its financial position, including preferred stock series A and B, common stock, additional paid-in capital, and retained earnings as of June 30, 2024, and prior periods.

Why It Matters

This 10-K filing provides investors and stakeholders with a comprehensive overview of GHST World Inc.'s financial health and strategic direction for the fiscal year 2024.

Risk Assessment

Risk Level: medium — The filing is a standard annual report, but the specific financial details and future outlook within the full report could reveal medium-level risks.

Key Numbers

• 2024-06-30 — Fiscal Year End (Reporting period for the 10-K)
• 2023-06-30 — Prior Fiscal Year End (Comparison period for financial data)
• 2022-06-30 — Previous Fiscal Year End (Further historical financial data point)

Key Players & Entities

• GHST World Inc. (company) — Filer of the 10-K
• Ghost Technology Inc. (company) — Former name of GHST World Inc.
• June 30, 2024 (date) — Fiscal year end for the 10-K report
• New York (location) — Business address city
• 7372 (industry_code) — Standard Industrial Classification for prepackaged software

FAQ

Key Financial Figures

• $0.001 — (g) of the Act: Common stock, par value $0.001 per share Indicate by check mark if th
• $44,068 — (i) 40,000 Swiss Francs (approximately $44,068 U.S. Dollars) per milestone achieved un
• $1.10 — ayments of 1 Swiss Franc (approximately $1.10 U.S. Dollars) per unit sold, for up to
• $1.07 billion — ad annual gross revenues were less than $1.07 billion during its most recently completed fisc
• $1 billion — ous three-year period, issued more than $1 billion in non-convertible debt; or (iv) the da

Filing Documents

• ghst_10k.htm (10-K) — 552KB
• ex21x1.htm (EX-21.1) — 1KB
• ghst_ex31z1a.htm (EX-31.1(A)) — 8KB
• ghst_ex31z1b.htm (EX-31.1(B)) — 8KB
• ghst_ex31z1c.htm (EX-31.1(C)) — 8KB
• ghst_ex32z1.htm (EX-32.1) — 9KB
• image_003.jpg (GRAPHIC) — 7KB
• image_004.jpg (GRAPHIC) — 7KB
• image_005.jpg (GRAPHIC) — 18KB
• 0001079973-24-001394.txt ( ) — 2473KB
• ghst-20240630.xsd (EX-101.SCH) — 16KB
• ghst-20240630_cal.xml (EX-101.CAL) — 22KB
• ghst-20240630_def.xml (EX-101.DEF) — 47KB
• ghst-20240630_lab.xml (EX-101.LAB) — 183KB
• ghst-20240630_pre.xml (EX-101.PRE) — 143KB
• ghst_10k_htm.xml (XML) — 159KB

Business

Business 1 Item 1A

Risk Factors

Risk Factors 6 Item 1B Unresolved Staff Comments 19 Item 1C Cybersecurity 19 Item 2

Properties

Properties 19 Item 3

Legal Proceedings

Legal Proceedings 19 Item 4 Mine Safety Disclosures 19 PART II Item 5 Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 20 Item 6 [Reserved] 21 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 21 Item 7A

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 23 Item 8

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data F-1 Item 9 Changes in and Disagreements With Accountants on Accounting and Financial Disclosure 24 Item 9A

Controls and Procedures

Controls and Procedures 24 Item 9B Other Information 25 Item 9C Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 25 PART III Item 10 Directors, Executive Officers and Corporate Governance 26 Item 11

Executive Compensation

Executive Compensation 28 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 29 Item 13 Certain Relationships and Related Transactions, and Director Independence 30 Item 14 Principal Accounting Fees and Services 30 PART IV Item 15 Exhibits, Financial Statement Schedules 31 Item 16 Form 10-K Summary 31 i PART I

BUSINESS

ITEM 1. BUSINESS. Cautionary Note Regarding Forward Looking Statements This annual report on Form 10-K (this "Report") contains forward-looking statements including statements regarding the Company's patents, the development, marketing and sale of its products including its Smart Shin Guard, the implementation of its business plan and expected timelines for meeting its objectives, intentions and efforts for the potential development of new business opportunities, anticipated or potential future revenue and projections for our business, the need for capital to fund and grow its operations, and liquidity. Forward-looking statements can be identified by words such as "anticipates," "intends," "plans," "seeks," "believes," "estimates," "expects" and similar references to future periods. Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Our actual results may differ materially from those contemplated by the forward-looking statements. We caution you therefore against relying on any of these forward-looking statements. They are neither statements of historical fact nor guarantees or assurances of future performance. The results anticipated by any or all of these forward-looking statements might not occur. Important factors, uncertainties and risks that may cause actual results to differ materially from these forward-looking statements are summarized in the "Summary of Risk Factors" below and are more particularly described in Item 1A. - Risk Factors. We undertake no obligation to publicly update or revise any forward-looking statements, whether as the result of new information, future events or otherwise. History GHST World Inc. ("GHST" or the "Company") was organized on November 12, 1999, as a Nevada corpo

RISK FACTORS

ITEM 1A. RISK FACTORS. Investing in our common stock involves a high degree of risk. You should carefully consider the following risk factors before deciding whether to invest in the common stock. If any of the events discussed in the risk factors below occur, our business, financial condition, results of operations or prospects could be materially and adversely affected. In such case, the value and marketability of the common stock could decline, and you might lose all or part of your investment. Summary of Risk Factors Our business is subject to numerous risks and uncertainties that you should consider before investing in our common stock. Some of the principal risk factors that make an investment in the Company speculative or risky are summarized as follows: We have generated no material revenue during the last three fiscal years or current fiscal year, and in order to continue as a going concern we require additional capital either through a debt or equity financing. We are still in the process of developing our Smart Shin Guard, which is our principal product the development of which has been a lengthy and uncertain process for which we have failed to meet internal forecasts on multiple occasions, and there can be no assurance we will be successful in completing such development or that we can successfully market this product once developed. We have a limited operating history and our likelihood of success is contingent upon the problems, expenses, and complications frequently encountered by development stage companies. We may have or discover in the future material weaknesses in our internal controls and may face difficulties remediating any such weaknesses; In order to generate materi

View Full Filing

View this 10-K filing on SEC EDGAR