GHST World Inc. Files 10-Q for Period Ending December 31, 2023

TL;DR

<b>GHST World Inc. has filed its quarterly report (10-Q) for the period ending December 31, 2023.</b>

AI Summary

GHST World Inc. (GHST) filed a Quarterly Report (10-Q) with the SEC on February 12, 2024. GHST World Inc. filed a 10-Q report for the period ending December 31, 2023. The filing covers the fiscal quarter ending December 31, 2023. The company's fiscal year ends on June 30. GHST World Inc. was formerly known as Ghost Technology Inc. The company is incorporated in Delaware.

Why It Matters

For investors and stakeholders tracking GHST World Inc., this filing contains several important signals. This 10-Q filing provides investors with an update on the company's financial performance and operational status for the most recent quarter. Understanding the details within this report is crucial for assessing the company's current financial health and future prospects.

Risk Assessment

Risk Level: low — GHST World Inc. shows low risk based on this filing. The filing is a standard 10-Q, providing routine financial updates without immediate red flags.

Analyst Insight

Review the detailed financial statements and management's discussion and analysis within the 10-Q to understand GHST World Inc.'s performance and outlook.

Key Numbers

• 2023-12-31 — Period of Report (10-Q filing)
• 2024-02-12 — Filed As Of Date (10-Q filing)
• 0630 — Fiscal Year End (Company data)

Key Players & Entities

• GHST World Inc. (company) — Filer
• Ghost Technology Inc. (company) — Former company name
• DE (location) — State of incorporation
• 2023-12-31 (date) — Period of report
• 2024-02-12 (date) — Filed as of date

FAQ

Industry Context

GHST World Inc. operates in the Services-Prepackaged Software industry (SIC 7372).

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934, requiring regular reporting of financial information.

What Investors Should Do

1. Analyze the financial statements for revenue, expenses, and profitability.
2. Review the Management's Discussion and Analysis (MD&A) section for insights into business operations and outlook.
3. Check for any new risk factors or significant legal/regulatory disclosures.

Key Dates

• 2023-12-31: Period of Report — End of the fiscal quarter for this 10-Q filing.
• 2024-02-12: Filing Date — Date the 10-Q was officially filed with the SEC.

Year-Over-Year Comparison

This is a 10-Q filing, providing a quarterly update. Comparison to the previous 10-Q (likely for the quarter ending September 30, 2023) would reveal changes in financial metrics and business developments.

Key Financial Figures

• $0.001 — 30,201,179 shares of its common stock, $0.001 par value per share, outstanding. TABL
• $0 — verage price per share of approximately $0.00185, below the fair market value of t
• $151,885 — oss for fiscal year 2022 increased from $151,885 as was reflected in its annual report o
• $3,987,000 — ar ended June 30, 2022 to approximately $3,987,000. 8 GHST WORLD, INC. Notes to Unau

Filing Documents

• ghst_10q-123123.htm (10-Q) — 398KB
• ex31x1.htm (EX-31.1) — 8KB
• ex31x2a.htm (EX-31.2A) — 8KB
• ex31x2b.htm (EX-31.2B) — 8KB
• ex32x1.htm (EX-32.1) — 10KB
• 0001079973-24-000220.txt (&nbsp;) — 2204KB
• ghst-20231231.xsd (EX-101.SCH) — 17KB
• ghst-20231231_cal.xml (EX-101.CAL) — 23KB
• ghst-20231231_def.xml (EX-101.DEF) — 51KB
• ghst-20231231_lab.xml (EX-101.LAB) — 137KB
• ghst-20231231_pre.xml (EX-101.PRE) — 110KB
• ghst_10q-123123_htm.xml (XML) — 238KB

- Financial Information

PART I - Financial Information Item 1

Financial Statements

Financial Statements 1 Consolidated Balance Sheets – As of December 31, 2023 (Unaudited) and June 30, 2023 1 Consolidated Statements of Operations (Unaudited) – For the Three and Six Months Ended December 31, 2023 and 2022 2 Consolidated 3 Consolidated Statements of Cash Flows (Unaudited) – For the Six Months Ended December 31, 2023 and 2022 4 Condensed Notes to Consolidated

Financial Statements (Unaudited)

Financial Statements (Unaudited) 5 Item 2

Management's Discussion and Analysis of

Management's Discussion and Analysis of Financial Condition and Results of Operations 10 Item 3

Quantitative and Qualitative Disclosures About

Quantitative and Qualitative Disclosures About Market Risk 12 Item 4

Controls and Procedures

Controls and Procedures 12

- Other Information

Part II - Other Information Item 1

Legal Proceedings

Legal Proceedings 12 Item 1A

Risk Factors

Risk Factors 12 Item 2 Unregistered Sales of Equity Securities and Use of Proceeds 12 Item 3 Defaults Upon Senior Securities 12 Item 4 Mine Safety Disclosures 12 Item 5 Other Information 12 Item 6 Exhibits 13

: FINANCIAL INFORMATION

PART I: FINANCIAL INFORMATION

FINANCIAL STATEMENTS

ITEM 1. FINANCIAL STATEMENTS GHST World Inc. Consolidated Balance Sheets December 31, 2023 June 30, 2023 (Unaudited) Assets Current Assets Cash $ 1,058 $ 39,495 Accounts receivable 6,348 — Total Current Assets 7,406 39,495 Total Assets $ 7,406 $ 39,495 Liabilities and Stockholders' Deficit Current Liabilities Accounts payable and accrued expenses $ 24,214 $ 1,112 Advances from related parties 190,055 126,496 Common stock payable 9,559 9,559 Deferred revenue 17,367 23,841 Total Current Liabilities 241,195 161,008 Commitments and Contingencies (Note 6) — — Stockholders' Deficit Preferred stock, $ 0.001 par value; 10,000,000 shares authorized; Series A, 6,000 shares issued and outstanding at December 31, 2023 and June 30, 2023 6 6 Series B, 2,200 shares issued and outstanding at December 31, 2023 and June 30, 2023 2 2 Common stock, $ 0.001 par value, 300,000,000 shares authorized; 130,201,179 shares issued at December 31, 2023 and June 30, 2023 130,201 125,725 Additional paid-in-capital 13,443,466 13,123,419 Accumulated deficit ( 13,807,464 ) ( 13,370,665 ) Total Stockholders' Deficit ( 233,789 ) ( 121,513 ) Total Liabilities and Stockholders' Deficit $ 7,406 $ 39,495 The accompanying notes are an integral part of these consolidated financial statements. 1 GHST World Inc. Consolidated Statements of Operations (Unaudited) For the Three Months Ended December 31, For the Six Months Ended December 31, 2023 2022 2023 2022 (As Restated) (As Restated) Revenues $ 15,854 $ — $ 39,695 $ — Operating expenses: General and administrative expenses 72,796 19,181 151,638 68,043 Patent development costs — 4,178 — 4,178 Product development costs 324,523 — 324,523 Total operating expenses 397,319 23,359 476,161 72,221 Other Income(expense): Other income 761 ( 227 ) ( 334 ) Total Other Income (expense) 761 ( 227 ) ( 334 ) — Net loss

MANAGEMENT'S DISCUSSION AND

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION Overview We are a holding company for various technology and related activities. As of the date of this Quarterly Report on Form 10-Q (this "Report"), our principal business strategy is seeking to exploit a patent and obtain and exploit future patents for the Smart Shin Guard and, more recently, developing a business through a subsidiary formed in April 2023 with an initial focus on the clean energy and defense sectors. The Smart Shin Guard is a wearable protective device used while playing soccer and other sports combined with data collection and analysis technology that monitors

View Full Filing

View this 10-Q filing on SEC EDGAR