GHST World Inc. Files 10-Q for Period Ending March 31, 2024

TL;DR

<b>GHST World Inc. has filed its quarterly report (10-Q) for the period ending March 31, 2024.</b>

AI Summary

GHST World Inc. (GHST) filed a Quarterly Report (10-Q) with the SEC on May 10, 2024. GHST World Inc. filed a 10-Q report for the period ending March 31, 2024. The company's fiscal year ends on June 30. The filing was made on May 10, 2024. The business and mailing address is 667 Madison Avenue, 5th Floor, New York, NY 10065. The company was formerly known as Ghost Technology Inc., I A EUROPE GROUP INC, and GENERAL TELEPHONY COM INC.

Why It Matters

For investors and stakeholders tracking GHST World Inc., this filing contains several important signals. This 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 10-Q is crucial for assessing GHST World Inc.'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 disclosures 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

• 2024-03-31 — Period End Date (Quarterly report period)
• 2024-05-10 — Filing Date (Date the 10-Q was filed)
• 0630 — Fiscal Year End (Company's fiscal year end month and day)
• 7372 — SIC Code (Standard Industrial Classification for the company)

Key Players & Entities

• GHST World Inc. (company) — Filer name
• 2024-03-31 (date) — Period of report
• 2024-05-10 (date) — Filing date
• 667 Madison Avenue (address) — Business address street
• New York (location) — Business address city
• NY (location) — Business address state
• 10065 (postal_code) — Business address zip
• Ghost Technology Inc. (company) — Former company name

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 disclosures from public companies.

What Investors Should Do

1. Analyze the financial statements for revenue, net income, and cash flow.
2. Review the Management's Discussion and Analysis (MD&A) for insights into business trends and risks.
3. Check for any new disclosures regarding legal, regulatory, or operational matters.

Key Dates

• 2024-03-31: Quarter End Date — End of the reporting period for the 10-Q
• 2024-05-10: Filing Date — Date the 10-Q was officially submitted to the SEC

Year-Over-Year Comparison

This is the initial analysis of the 10-Q filing for the period ending March 31, 2024. Comparative data from previous filings is not yet available in this extract.

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 — ear ended March 31, 2022 increased from $151,885 as was reflected in the Company's Annua
• $3,987,000 — r ended March 31, 2022 to approximately $3,987,000. 8 GHST WORLD, INC. Condensed Not

Filing Documents

• ghst_10q-033124.htm (10-Q) — 417KB
• ex31x1.htm (EX-31.1) — 8KB
• ex31x2a.htm (EX-31) — 8KB
• ex31x2b.htm (EX-31) — 8KB
• ex32x1.htm (EX-32.1) — 10KB
• 0001553350-24-000019.txt (&nbsp;) — 2386KB
• ghst-20240331_cal.xml (EX-101.CAL) — 22KB
• ghst-20240331_def.xml (EX-101.DEF) — 52KB
• ghst-20240331_lab.xml (EX-101.LAB) — 179KB
• ghst-20240331_pre.xml (EX-101.PRE) — 141KB
• ghst-20240331.xsd (EX-101.SCH) — 17KB
• ghst_10q-033124_htm.xml (XML) — 249KB

- Financial Information

PART I - Financial Information Item 1 Financial 1 Consolidated Balance Sheets – As of March 31, 2024 (Unaudited) and June 30, 2023 1 Consolidated 2 Consolidated and 2023 3 Consolidated 4 Condensed

Notes to Consolidated Financial Statements (Unaudited)

Notes to Consolidated Financial Statements (Unaudited) 5 Item 2 Management's Discussion and Analysis of Financial Condition and Results of Operations 10 Item 3 Quantitative and Qualitative Disclosures About Market Risk 11 Item 4 Controls and Procedures 11 Part II - Other Information Item 1 Legal Proceedings 12 Item 1A 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 March 31, 2024 June 30, 2023 (Unaudited) Assets Current Assets Cash $ 76 $ 39,495 Accounts receivable 6,348 — Total Current Assets 6,424 39,495 Total Assets $ 6,424 $ 39,495 Liabilities and Stockholders' Deficit Current Liabilities Accounts payable and accrued expenses $ 26,339 $ 1,112 Advances from related parties 214,863 126,496 Common stock payable 9,559 9,559 Deferred revenue 17,367 23,841 Total Current Liabilities 268,128 161,008 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 March 31, 2024 and June 30, 2023 6 6 Series B, 2,200 shares issued and outstanding at March 31, 2024 and June 30, 2023 2 2 Common stock, $ 0.001 par value, 300,000,000 shares authorized; 130,201,179 shares issued at March 31, 2024 and June 30, 2023 130,201 125,725 Additional paid-in-capital 13,443,466 13,123,419 Accumulated deficit ( 13,835,379 ) ( 13,370,665 ) Total Stockholders' Deficit ( 261,704 ) ( 121,513 ) Total Liabilities and Stockholders' Deficit $ 6,424 $ 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 March 31, For the Nine Months Ended March 31, 2024 2023 2024 2023 (As Restated) (As Restated) Revenues $ 431 $ — $ 40,126 $ — Operating expenses: General and administrative expenses 28,604 20,998 180,241 89,268 Product development costs — — 324,523 4,178 Total operating expenses 28,604 20,998 504,764 93,446 Other Income(expense): Other income 258 — ( 75 ) — Total Other Income (expense) 258 — ( 75 ) — Net loss $ ( 27,915 ) $ ( 20,998 ) $ ( 464,714 ) $ ( 93,446 ) Net loss per co

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 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 s

View Full Filing

View this 10-Q filing on SEC EDGAR