Greenwave Tech Q2 2024 10-Q Filed
Ticker: GWAV · Form: 10-Q · Filed: Aug 19, 2024 · CIK: 1589149
Sentiment: neutral
Topics: 10-Q, financials, debt
TL;DR
Greenwave Tech 10-Q filed: Q2 2024 financials out, shows notes payable details.
AI Summary
Greenwave Technology Solutions, Inc. filed its 10-Q for the period ending June 30, 2024. The company, formerly known as MassRoots, Inc., reported financial data for Q2 2024. Key financial items include non-related party and related party balances, as well as convertible and non-convertible notes payable.
Why It Matters
This filing provides investors with the latest financial performance and position of Greenwave Technology Solutions, Inc. for the second quarter of 2024.
Risk Assessment
Risk Level: medium — The filing contains detailed financial information, including debt instruments, which can indicate financial health and potential risks.
Key Numbers
- Q2 2024 — Quarterly Period (Financial reporting period)
- 2024-06-30 — As of Date (End of reporting period)
- 2023-12-31 — Previous Year End (Comparison point for financial statements)
Key Players & Entities
- Greenwave Technology Solutions, Inc. (company) — Filer
- MassRoots, Inc. (company) — Former Company Name
- 2024-06-30 (date) — Period End Date
- 0001493152-24-032898 (filing_id) — Accession Number
FAQ
What were the key financial reporting periods covered by this 10-Q filing?
This 10-Q filing covers the period ending June 30, 2024, with comparative data for December 31, 2023, and specific quarterly periods like April 1, 2024, to June 30, 2024, and April 1, 2023, to June 30, 2023.
What is the former name of Greenwave Technology Solutions, Inc.?
The former name of Greenwave Technology Solutions, Inc. was MassRoots, Inc., with a name change date of October 11, 2013.
What types of financial instruments are specifically mentioned in the filing's data points?
The filing mentions various financial instruments including non-related party and related party balances, licenses, intellectual property, customer lists, non-convertible notes payable, and convertible notes payable.
What is the business address and phone number for Greenwave Technology Solutions, Inc.?
The business address is 4016 Raintree Rd, Ste 300, Chesapeake, VA 23321, and the business phone number is (800) 490-5020.
What is the SIC code and industry classification for Greenwave Technology Solutions, Inc.?
The Standard Industrial Classification (SIC) code is 5051, and the industry is classified as Wholesale-Metals Service Centers & Offices.
Filing Stats: 4,532 words · 18 min read · ~15 pages · Grade level 19 · Accepted 2024-08-16 18:01:26
Key Financial Figures
- $0.001 — nge on which registered Common Stock, $0.001 par value per share GWAV The Nasdaq
Filing Documents
- form10-q.htm (10-Q) — 1789KB
- ex31-1.htm (EX-31.1) — 19KB
- ex31-2.htm (EX-31.2) — 19KB
- ex32-1.htm (EX-32.1) — 5KB
- ex32-2.htm (EX-32.2) — 5KB
- logo_001.jpg (GRAPHIC) — 18KB
- 0001493152-24-032898.txt ( ) — 9613KB
- gwav-20240630.xsd (EX-101.SCH) — 74KB
- gwav-20240630_cal.xml (EX-101.CAL) — 68KB
- gwav-20240630_def.xml (EX-101.DEF) — 355KB
- gwav-20240630_lab.xml (EX-101.LAB) — 550KB
- gwav-20240630_pre.xml (EX-101.PRE) — 437KB
- form10-q_htm.xml (XML) — 1619KB
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 29 ITEM 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 35 ITEM 4.
Controls and Procedures
Controls and Procedures 36
OTHER INFORMATION
PART II. OTHER INFORMATION ITEM 1.
Legal Proceedings
Legal Proceedings 37 ITEM 1A.
Risk Factors
Risk Factors 37 ITEM 2. Unregistered Sales of Equity Securities and Use of Proceeds 37 ITEM 3. Defaults Upon Senior Securities 38 ITEM 4. Mine Safety Disclosures 39 ITEM 5. Other Information 39 ITEM 6. Exhibits 39
SIGNATURES
SIGNATURES 40 i CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934, as amended, (the "Exchange Act") that are based on our management's beliefs and assumptions and on information currently available to management, and which statements involve substantial risk and uncertainties. All statements contained in this Quarterly Report on Form 10-Q other than and plans, market growth and trends, and objectives for future operations are forward-looking statements. Forward-looking statements generally relate to future events or our future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as "may," "will," "should," "expects," "plans," "anticipates," "could," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential," or "continue" or the negative of these words or other similar terms or expressions that concern our expectations, strategy, plans or intentions. These actual outcomes and results may, and are likely to, differ materially from what is expressed or forecasted in the forward-looking statements due to numerous factors, including those set forth in "Item 1A. Risk Factors" in our Annual Report on Form 10-K, and our other filings with SEC. These risks and uncertainties include, among other things: Changing conditions in global markets including the impact of sanctions and tariffs, quotas and other trade actions and import restrictions which may adv