Gold Rock Holdings, Inc. Files Quarterly Report on Form 10-Q for Period Ended March 31, 2024

TL;DR

<b>Gold Rock Holdings, Inc. has filed its quarterly report (10-Q) for the period ending March 31, 2024, confirming compliance with filing requirements.</b>

AI Summary

GOLD ROCK HOLDINGS, INC. (GRHI) filed a Quarterly Report (10-Q) with the SEC on May 2, 2024. Gold Rock Holdings, Inc. filed a Form 10-Q for the quarterly period ended March 31, 2024. The company is incorporated in Nevada and its fiscal year ends on December 31. Its principal executive offices are located at 2020 General Booth Blvd, Suite 230, Virginia Beach, VA 23454. The filing confirms the company has filed all required reports for the past 12 months. The filing includes data related to common stock, additional paid-in capital, and retained earnings for various periods.

Why It Matters

For investors and stakeholders tracking GOLD ROCK HOLDINGS, INC., this filing contains several important signals. This filing provides investors with an update on the company's financial performance and position as of the end of the first quarter of 2024. The 10-Q report is a standard requirement for publicly traded companies, ensuring transparency and providing essential information for investment decisions.

Risk Assessment

Risk Level: low — GOLD ROCK HOLDINGS, INC. shows low risk based on this filing. The filing is a routine quarterly report and does not contain information indicating significant new risks or changes in the company's risk profile.

Analyst Insight

Review the detailed financial statements and disclosures within the 10-Q to understand Gold Rock Holdings, Inc.'s performance and financial health for Q1 2024.

Key Numbers

• 2024-03-31 — Quarterly Period End Date (Form 10-Q filing)
• 2024-05-02 — Filing Date (Form 10-Q filing)
• 000-56304 — Commission File Number (SEC filing details)

Key Players & Entities

• GOLD ROCK HOLDINGS, INC. (company) — Filer name
• 000-56304 (other) — Commission file number
• Nevada (other) — State of incorporation
• 2020 General Booth Blvd. Suite 230 Virginia Beach , VA 23454 (other) — Address of principal executive offices
• 757-306-6090 (other) — Registrant's telephone number
• March 31, 2024 (date) — Quarterly period ended
• 20240502 (date) — Filed as of date

FAQ

Risk Factors

• Filing Requirements [low — regulatory]: The company confirms it has filed all reports required by Section 13 or 15(d) of the Exchange Act during the past 12 months and has been subject to such requirements for the past 90 days.

Industry Context

Gold Rock Holdings, Inc. operates in the real estate and construction sector, specifically as operative builders.

Regulatory Implications

The company is subject to the reporting requirements of the Securities Exchange Act of 1934, including the filing of quarterly reports (Form 10-Q).

What Investors Should Do

1. Analyze the financial statements within the 10-Q for revenue, expenses, and profitability trends.
2. Review any Management's Discussion and Analysis (MD&A) section for insights into operational performance and future outlook.
3. Check for any new risk factors or updates to existing risks disclosed in the filing.

Key Dates

• 2024-03-31: Quarterly Period End — End of the reporting period for the 10-Q filing.
• 2024-05-02: Filing Date — Date the 10-Q was officially filed with the SEC.

Year-Over-Year Comparison

This is the initial 10-Q filing analyzed for the period ending March 31, 2024. Previous filings would need to be compared for year-over-year or sequential changes.

Key Financial Figures

• $0.001 — 6,969 shares of common stock, par value $0.001 per share. -1- TABLE OF CONTENTS P
• $12,500 m — agreement with the officer of Loot8 for $12,500 monthly of which $10,000 will be monthly
• $10,000 — r of Loot8 for $12,500 monthly of which $10,000 will be monthly and $2,500 will be defe
• $2,500 — ly of which $10,000 will be monthly and $2,500 will be deferred until the Company's fi
• $125,000 — University of Houston in the amount of $125,000 for one year ending on February 12, 202
• $10,416.66 — be paid in twelve (12) installments of $10,416.66 each. The Company made two payments tot
• $15,000 — l marketing services for a total fee of $15,000; $5000 paid at the time of signing, Feb
• $5000 — ng services for a total fee of $15,000; $5000 paid at the time of signing, February 2
• $2500 — 024, and subsequent monthly payments of $2500. The agreement will end on June 19, 202
• $95,000 — until December 31, 2028, annual pay at $95,000. On October 2, 2023, Mr. Ferguson resig

Filing Documents

• grhi20240331.htm (10-Q) — 267KB
• ex1001.htm (EX-10.01) — 1KB
• ex1002.htm (EX-10.02) — 33KB
• ex1003.htm (EX-10.03) — 1KB
• ex311.htm (EX-31.1) — 8KB
• ex312.htm (EX-31.2) — 8KB
• ex321.htm (EX-32.1) — 2KB
• ex322.htm (EX-32.2) — 2KB
• ex1001001.jpg (GRAPHIC) — 109KB
• ex1003001.jpg (GRAPHIC) — 245KB
• 0001091818-24-000047.txt (&nbsp;) — 2093KB
• grhi-20240331.xsd (EX-101.SCH) — 17KB
• grhi-20240331_cal.xml (EX-101.CAL) — 21KB
• grhi-20240331_def.xml (EX-101.DEF) — 34KB
• grhi-20240331_lab.xml (EX-101.LAB) — 125KB
• grhi-20240331_pre.xml (EX-101.PRE) — 93KB
• grhi20240331_htm.xml (XML) — 96KB

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

Management's Discussion and Analysis of Financial Condition and Results of Operations 11 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 14 Item 4.

Controls and Procedures

Controls and Procedures 14 PART II Item 1.

Legal Proceedings

Legal Proceedings 15 Item 1A.

Risk Factors

Risk Factors 15 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 15 Item 3. Defaults Upon Senior Securities 15 Item 4. Mining Safety Disclosures 15 Item 5. Other Information 16 Item 6. Exhibits 16

Signatures

Signatures 16 -2-

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION

FINANCIAL STATEMENTS

ITEM 1. FINANCIAL STATEMENTS GOLD ROCK HOLDINGS, INC. FINANCIAL REPORTS AT MARCH 31, 2024 INDEX TO FINANCIAL STATEMENTS Condensed Consolidated Balance Sheets at March 31, 2024 - Unaudited and December 31, 2023- Audited 4 Condensed Consolidated Statements of Operations for the Three Months Ended March 31, 2024 and 2023- Unaudited 5 Condensed Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2024 and 2023- Unaudited 6 Condensed Consolidated Statements of Stockholders' Equity for the Three Months Ended March 31, 2024 and 2023- Unaudited 7 Notes to the Condensed Consolidated Unaudited Financial Statements 8-10 -3- Gold Rock Holdings, Inc. CONDENSED CONSOLIDATED BALANCE SHEETS - UNAUDITED March 31, December 31, 2024 2023 ASSETS Current Assets Cash $ 259,187 $ 108 Total Current Assets 259,187 108 Total Assets $ 259,187 $ 108 LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) Current Liabilities Accounts Payable and Accrued Expenses $ 3,875 $ 9,900 Accrued Board of Director Compensation 80,000 - Total Current Liabilities 83,875 9,900 Total Liabilities $ 83,875 9,900 Stockholders' Equity (Deficit) Common Stock - $ 0.001 Par; 850,000,000 Shares Authorized, 236,886,969 and 231,053,636 Issued and Outstanding, Respectively 236,886 231,053 Additional Paid-In-Capital 970,059 625,192 Accumulated Deficit ( 1,031,633 ) ( 866,037 ) Total Stockholders' Equity (Deficit) 175,312 ( 9,792 ) Total Liabilities and Stockholders' Equity (Deficit) $ 259,187 $ 108 The accompanying notes are an integral part of these unaudited condensed consolidated financial statements. -4- Gold Rock Holdings, Inc. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - UNAUDITED Three Months Ended March 31, 2024 2023 Sales $ - $ - Cost of Sales - - Gross Profit - - Operating Expenses Board of Director Compensation 100,000 170,000 Consulting 10,500 3,000 General and A

MANAGEMENT'S DISCUSSION AND

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS The following information should be read in conjunction with our financial statements and related notes thereto included in Part I, Item 1, above.

Forward Looking Statements

Forward Looking Statements Certain matters discussed herein are forward-looking our future strategic plans our future operating results; our business prospects; our contractual arrangements and relationships with third parties; the dependence of our future success on the general economy; our possible future financing; and the adequacy of our cash resources and working capital. From time to time, we or our representatives have made or may make forward-looking statements, orally or in writing. Such forward-looking statements may be included in, but not limited to, press releases, oral statements made with the approval of an authorized executive officer or in various filings made by us with the Securities and Exchange Commission. Words or phrases "will likely result", "are expected to", "will continue", "is anticipated", "estimate", "project or projected", or similar expressions are intended to identify "forward-looking important factors that could cause actual results to differ materially from such forward-looking statements. The risks identified here are not all inclusive. New risk factors emerge from time to time and it is not possible for management to predict all of such risk factors, nor can it assess the impact of all such risk factors on the company's business or the extent to which any factor or combination of factors may cause actual results to differ materially from those contained in any forward-looking statements. Accordingly, forward-looking statements should not be relied upon as a prediction of actual results. The financial information set forth in the following discussion should be read in conjunction with the financial statements of Gold Rock Holdings, Inc. included elsewhere her

Business

Business Gold Rock Holdings, Inc., (Gold Rock) a Nevada corporation, is a holding company that acquires technological assets. The Company changed its business model from engineering and construction management services, produce site-plans, construction drawings, cost computations, fiber network designs, and other related construction services, as a result of a change in control on October 2, 2023. Gold Rock intends to grow and further establish itself through mergers, acquisitions, and management of technological assets. As such, Gold Rock Holdings, Inc. (the "Company") announced on December 12, 2023, that it formed a Wyoming corporation by the name of LOOT8, Inc. as its operating wholly-owned subsidiary. LOOT8, Inc. acquired certain intellectual property known as "LOOT8." LOOT8 is a Web3 Commerce and Content Management Engine Software. At its core, it harnesses the power of multiple public blockchains alongside the IPFS file system, with a user-friendly interface akin to Web2. LOOT8 is engineered to cater to a variety of enterprise necessities including digital product passports, private communication channels, and loyalty programs, among others. LOOT8 provides enterprises the capability to oversee and manage their content on IPFS nodes, leveraging AI to make the underlying content interactive as a way to enable small businesses and content creators to scale at a faster pace and to create differentiated experiences. LOOT8, Inc. currently is in the beta testing phase of its business and has no revenue. However, it has developed a Web3 content management system (CMS) pioneering the "Relationship Economy" through SocialFi, and a new monetization model. This model is designed to empower individuals with compelling stories to monetize their relationships beyond traditional influencer models. The new monetization model is made up of three discrete revenue streams. It is planned that the first stream will be a direct-to-consumer (D2C) model where LOOT8 will employ W

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