Hallmark Venture Group, Inc. Files 10-Q/A for Period Ending September 30, 2023

TL;DR

<b>Hallmark Venture Group, Inc. has filed an amended 10-Q for the quarter ending September 30, 2023.</b>

AI Summary

HALLMARK VENTURE GROUP, INC. (HLLK) filed a Amended Quarterly Report (10-Q/A) with the SEC on March 26, 2024. This filing is an amendment (10-Q/A) for Hallmark Venture Group, Inc. The reporting period covered is the quarter ending September 30, 2023. The company's fiscal year ends on December 31. Hallmark Venture Group, Inc. is incorporated in Nevada. The company's primary business is Real Estate, SIC code 6500.

Why It Matters

For investors and stakeholders tracking HALLMARK VENTURE GROUP, INC., this filing contains several important signals. This amendment indicates potential revisions or additions to previously reported financial information, requiring investor attention to the updated details. As a real estate company, understanding the specifics of this filing is crucial for assessing its current financial health and operational status.

Risk Assessment

Risk Level: low — HALLMARK VENTURE GROUP, INC. shows low risk based on this filing. The filing is a 10-Q/A, which is an amendment to a quarterly report, suggesting potential corrections or updates rather than new material events.

Analyst Insight

Review the specific changes and additions made in this 10-Q/A filing to understand any updated financial or operational disclosures.

Key Numbers

• 2023-09-30 — Reporting Period End Date (Conformed Period of Report)
• 2024-03-26 — Filing Date (Filed as of date)
• 1231 — Fiscal Year End (Fiscal Year End)
• NV — State of Incorporation (State of Incorporation)
• 6500 — SIC Code (Standard Industrial Classification)

Key Players & Entities

• HALLMARK VENTURE GROUP, INC. (company) — Filer name
• 2023-09-30 (date) — Conformed period of report
• 2024-03-26 (date) — Filed as of date
• NV (jurisdiction) — State of incorporation
• 6500 (industry_code) — Standard Industrial Classification
• 1934 Act (regulation) — SEC Act
• 000-56477 (filing_id) — SEC File Number
• 714 538 5214 (phone) — Business phone

FAQ

Industry Context

Hallmark Venture Group operates in the Real Estate sector, which is characterized by property development, management, and investment.

Regulatory Implications

As a publicly traded company, Hallmark Venture Group is subject to the reporting requirements of the Securities and Exchange Commission (SEC), including the filing of quarterly reports (10-Q).

What Investors Should Do

1. Review the specific amendments made in the 10-Q/A filing.
2. Analyze any updated financial data or disclosures related to the company's real estate operations.
3. Assess the impact of any changes on the company's financial position and future outlook.

Key Dates

• 2024-03-26: 10-Q/A Filing — Amendment to the quarterly report for the period ending 2023-09-30.

Year-Over-Year Comparison

This is an amended filing (10-Q/A), indicating updates or corrections to a previously submitted quarterly report.

Key Financial Figures

• $0.001 — ction 12(g) of the Act: Common Stock, $0.001 par value Title of Class Indicate b

Filing Documents

• form10-qa.htm (10-Q/A) — 878KB
• ex31-1.htm (EX-31.1) — 12KB
• ex31-2.htm (EX-31.2) — 11KB
• ex32-1.htm (EX-32.1) — 14KB
• 0001493152-24-011241.txt (&nbsp;) — 3593KB
• hllk-20230930.xsd (EX-101.SCH) — 27KB
• hllk-20230930_cal.xml (EX-101.CAL) — 33KB
• hllk-20230930_def.xml (EX-101.DEF) — 118KB
• hllk-20230930_lab.xml (EX-101.LAB) — 197KB
• hllk-20230930_pre.xml (EX-101.PRE) — 174KB
• form10-qa_htm.xml (XML) — 457KB

- FINANCIAL INFORMATION

PART I. - FINANCIAL INFORMATION 3 Item 1.

Financial Statements

Financial Statements. 3 Item 2.

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

Management's Discussion and Analysis of Financial Condition and Plan of Operations. 14 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk. 17 Item 4

Controls and Procedures

Controls and Procedures. 18

- OTHER INFORMATION

PART II - OTHER INFORMATION 18 Item 1. Legal Proceedings. 18 Item 1A. Risk Factors. 18 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds. 18 Item 3. Defaults Upon Senior Securities. 18 Item 4. Mine Safety Disclosures 18 Item 5. Other Information. 18 Item 6. Exhibits. 18

Signatures

Signatures 19 2 PART I - FINANCIAL INFORMATION ITEM 1. FINANCIAL STATEMENTS HALLMARK VENTURE GROUP, INC. Condensed Balance Sheets as of September 30, 2023 (unaudited) and December 31, 2022 4 Condensed Statements of Operations for the Three and Nine Months Ended September 30, 2023 and 2022 (unaudited) 5 Condensed Statements of Stockholders' Equity (Deficit) for the Three and Nine Months Ended September 30, 2023 and 2022 (unaudited) 6 Condensed Statements of Cash Flows for the Nine Months Ended September 30, 2023 and 2022 (unaudited) 7 Notes to the Condensed Financial Statements (unaudited) 8 3 HALLMARK VENTURE GROUP, INC. BALANCE SHEETS September 30, 2023 December 31, 2022 (Unaudited) ASSETS CURRENT ASSETS: Cash $ — $ — TOTAL ASSETS $ — $ — LIABILITIES AND STOCKHOLDERS' DEFICIT CURRENT LIABILITIES: Accounts payable and accrued liabilities $ 269,920 $ 264,228 Due to related parties 147,251 147,251 Convertible note payable – related party, net of debt discount of $ 18,964 and $ 23,586 46,919 7,862 Accrued interest - related party 4,573 741 Accrued interest 3,797 — Derivative liability 262,785 53,967 Stock payable 36,130 36,130 Settlement liability 9,601 139,821 Settlement liability - related party 223,148 248,348 Total Current Liabilities 1,004,124 898,348 COMMITMENTS AND CONTINGENCIES - - STOCKHOLDERS' DEFICIT: Series A Preferred stock, 200,000 shares authorized, $ 0.001 par value; 100,000 and 100,000 issued and outstanding, respectively 100 100 Common stock, 2,499,900,000 shares authorized, $ 0.001 par value; 460,033,615 and 216,403,374 issued and outstanding, respectively 460,033 216,403 Additional paid-in capital 1,860,851 1,940,226 Accumulated deficit ( 3,325,108 ) ( 3,055,077 ) Total Stockholders' Deficit ( 1,004,124 ) ( 898,348 ) TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ — $ — The accompanying notes are an integral part of these unaudi

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View this 10-Q/A filing on SEC EDGAR