Hubilu Venture Corp Files 2023 Annual Report on Form 10-K

TL;DR

<b>Hubilu Venture Corp has filed its 2023 annual report (10-K) detailing its financial performance and business operations.</b>

AI Summary

Hubilu Venture Corp (HBUV) filed a Annual Report (10-K) with the SEC on April 16, 2024. Hubilu Venture Corp filed its 2023 Form 10-K on April 16, 2024. The company's fiscal year ends on December 31st. Hubilu Venture Corp is incorporated in Delaware. The company's principal business address is in Beverly Hills, California. The SIC code for Hubilu Venture Corp is 6510 (Real Estate Operators & Lessors).

Why It Matters

For investors and stakeholders tracking Hubilu Venture Corp, this filing contains several important signals. This filing provides a comprehensive overview of the company's financial health and strategic direction for the past fiscal year, crucial for investors assessing its current standing and future prospects. As a real estate operator and lessor, understanding Hubilu Venture Corp's annual performance is key to evaluating its position within the real estate market and its ability to generate revenue and manage assets.

Risk Assessment

Risk Level: low — Hubilu Venture Corp shows low risk based on this filing. The filing is a standard 10-K for a company in the real estate sector, with no immediate red flags or significant financial distress indicated in the provided metadata.

Analyst Insight

Review the full 10-K filing to understand Hubilu Venture Corp's financial statements, risk factors, and management discussion for a complete picture of its operations and outlook.

Key Numbers

• 20231231 — Fiscal Year End (CONFORMED PERIOD OF REPORT)
• 20240416 — Filing Date (FILED AS OF DATE)
• 6510 — SIC Code (STANDARD INDUSTRIAL CLASSIFICATION)
• 000-55611 — SEC File Number (SEC FILE NUMBER)

Key Players & Entities

• Hubilu Venture Corp (company) — FILER
• 0001639068 (company) — CENTRAL INDEX KEY
• DE (company) — STATE OF INCORPORATION
• BEVERLY HILLS (company) — CITY
• CA (company) — STATE
• 90212 (company) — ZIP
• 6510 (company) — STANDARD INDUSTRIAL CLASSIFICATION
• 20231231 (date) — CONFORMED PERIOD OF REPORT

FAQ

Industry Context

Hubilu Venture Corp operates in the Real Estate Operators (No Developers) & Lessors industry, focusing on leasing and managing properties.

Regulatory Implications

As a publicly traded company, Hubilu Venture Corp is subject to the reporting requirements of the Securities and Exchange Commission (SEC) under the Securities Exchange Act of 1934.

What Investors Should Do

1. Analyze the financial statements within the 10-K for revenue, expenses, assets, and liabilities.
2. Review the Management's Discussion and Analysis (MD&A) section for insights into the company's performance and outlook.
3. Examine the Risk Factors section for potential challenges and uncertainties facing the company.

Key Dates

• 2024-04-16: 10-K Filing — Filing of the annual report for the fiscal year 2023.
• 2023-12-31: Fiscal Year End — End date for the reporting period covered by the 10-K.

Year-Over-Year Comparison

This is the initial filing data extracted, so a comparison to a prior filing is not possible with the provided information.

Key Financial Figures

• $0.001 — 2(g) of the Exchange Act: Common Stock, $0.001 par value Indicate by check mark if t
• $75,000 — hare, to our founder, David Behrend for $75,000 in cash or $0.003 per share. On April 3
• $0.003 — r, David Behrend for $75,000 in cash or $0.003 per share. On April 30, 2015, Mr. Behre
• $0.10 — hares of our common stock at a price of $0.10 per share for $23,500 to 40 accredited
• $23,500 — stock at a price of $0.10 per share for $23,500 to 40 accredited investors. On May 4, 2
• $19,150 — ur sole director at $0.10 per share, or $19,150, to 12 individuals for services rendere
• $50,000 — at $0.10 per share, for compensation of $50,000 for services rendered to us by them. Pr
• $30,000 — our monthly burn rate is approximately $30,000 per month, which consists of general an
• $1 million — , real estate sales for transactions of $1 million and above have increased by 97% and dol
• $750 — in the USC area rose from approximately $750 in 2005 to $1,900 in 2023 and student e
• $1,900 — rose from approximately $750 in 2005 to $1,900 in 2023 and student enrollment at USC h
• $0.06 — cent price quoted on the OTC Markets of $0.06 per share is $1,574,228. Our accumulate
• $1,574,228 — n the OTC Markets of $0.06 per share is $1,574,228. Our accumulated deficit as of December
• $2,120,903 — ated deficit as of December 31, 2023 is $2,120,903. Item 1A. Risk Factors We are subje

Filing Documents

• form10-k.htm (10-K) — 1511KB
• ex4-3.htm (EX-4.3) — 56KB
• ex21-1.htm (EX-21.1) — 8KB
• ex31-1.htm (EX-31.1) — 11KB
• ex31-2.htm (EX-31.2) — 11KB
• ex32-1.htm (EX-32.1) — 6KB
• ex32-2.htm (EX-32.2) — 6KB
• audit_001.jpg (GRAPHIC) — 23KB
• 0001493152-24-014878.txt (&nbsp;) — 7055KB
• hbuv-20231231.xsd (EX-101.SCH) — 52KB
• hbuv-20231231_cal.xml (EX-101.CAL) — 48KB
• hbuv-20231231_def.xml (EX-101.DEF) — 200KB
• hbuv-20231231_lab.xml (EX-101.LAB) — 341KB
• hbuv-20231231_pre.xml (EX-101.PRE) — 280KB
• form10-k_htm.xml (XML) — 1190KB

Description of Business

Item 1. Description of Business. 4

Risk Factors

Item 1A. Risk Factors 11

Unresolved Staff Comments

Item 1B. Unresolved Staff Comments 17

Cybersecurity

Item 1C. Cybersecurity 17

Properties

Item 2. Properties 17

Legal Proceedings

Item 3. Legal Proceedings 18

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 18 PART II 18

Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 18

[Reserved]

Item 6. [Reserved] 21

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

Item 7. Management's Discussion and Analysis of Financial Conditions and Results of Operations 21 For the Year Ended December 31, 2023 compared to the comparable period in 2022 22

Quantitative and Qualitative Disclosures about Market Risk

Item 7A. Quantitative and Qualitative Disclosures about Market Risk 25

Financial Statements and Supplementary Data (PCAOB ID:2738)

Item 8. Financial Statements and Supplementary Data (PCAOB ID:2738) 25 Consolidated Balance Sheets F-2 Consolidated Statements of Operations F-3 Consolidated Statement of Stockholder's Deficit F-4 Consolidated Statements of Cash Flows F-5 Notes to the Consolidated Financial Statements F-6

Changes in and Disagreements with Accountants on Accounting and Financial Disclosures

Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosures. 27

Controls and Procedures

Item 9A. Controls and Procedures. 27

Other Information

Item 9B. Other Information. 28 PART III 28

Directors, Executive Officers and Corporate Governance

Item 10. Directors, Executive Officers and Corporate Governance. 28

Executive Compensation

Item 11. Executive Compensation 32

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters. 33

Certain Relationships and Related Transactions, and Director Independence

Item 13. Certain Relationships and Related Transactions, and Director Independence. 33

Principal Accountant Fees and Services

Item 14. Principal Accountant Fees and Services. 34 PART IV 35

Exhibits, Financial Statement Schedules

Item 15. Exhibits, Financial Statement Schedules. 35

SIGNATURES

SIGNATURES 36 2 CAUTIONARY NOTE ABOUT FORWARD-LOOKING STATEMENTS The information contained in this Report includes some statements that are not purely historical and that are "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"), and as such, may involve risks and uncertainties. These forward-looking statements relate to, among other things, expectations of the business environment in which we operate, perceived opportunities in the market and statements regarding our mission and vision. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. You can generally identify forward-looking statements as statements containing the words "anticipates," "believes," "continue," "could," "estimates," "expects," "intends," "may," "might," "plans," "possible," "potential," "predicts," "projects," "seeks," "should," "will," "would" and similar expressions, or the negatives of such terms, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking forward-looking statements. The forward-looking statements contained herein are based on various assumptions, many of which are based, in turn, upon further assumptions. Our expectations, beliefs and forward-looking statements are expressed in good faith on the basis of management's views and assumptions as of the time the statements are made, but there can be no assurance that management's expectations, beliefs or projections will result or be achieved or accomplished. In addition to other factors and matters discussed elsewhere herein, the following ar

Business

Business We were formed as a real estate consulting and acquisition firm that commenced operations in March 5, 2015, and, until June 2015, was limited to organizational and business development activities. In June 2015, we entered into our first consulting agreement with a client. As a real estate advisory and consulting company, we assist real estate investor professionals, as well as established companies, with advisory and consulting services focused on providing research, analysis and acquisition opportunities to them. Our mission is to assist investors and professionals in the early stage analysis of market opportunities and the evaluation of properties prior to them committing capital for the purchase or the leasing of real estate properties. We are not real estate brokers and do not intend to offer brokerage services. Commencing in June 2015, we engaged our first client, 112 South Eucalyptus Avenue, LLC, to assist it in evaluating the best use of its property. Real Estate Acquisitions On August 18, 2016, we launched a real estate acquisition division to acquire real estate for our company. In 2017, we acquired 2 rental properties. On September 15, 2017, we hired Earn By SEO, which specializes in Search Engine Optimization and Social Media Optimization, to enhance our Hubilu.com website to drive traffic and expand our investor and social media presence. This company also assisted us with launching our student housing rental site, Hubiluhousing.com, which went live on March 16, 2018. This was a needed adjunct to assist with our aggressive marketing of rentals and also allow our students ease to locate and sign rental contracts, which is all online now. On January 4, 2018, we started to accept Crypto currency as a form of rental payment for our properties. On March 7, 2018, we contracted with Pacific Green Homes to install solar technology on our property located at 3711 S. Western Ave in Los Angeles. The solar panels were installed and became op

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View this 10-K filing on SEC EDGAR