Hallmark Venture Group, Inc. Files 10-Q for Period Ending March 31, 2024

TL;DR

<b>Hallmark Venture Group, Inc. (HLLK) filed its Q1 2024 10-Q report on May 14, 2024, detailing financial data and corporate actions.</b>

AI Summary

HALLMARK VENTURE GROUP, INC. (HLLK) filed a Quarterly Report (10-Q) with the SEC on May 14, 2024. Filing is a 10-Q for Hallmark Venture Group, Inc. (HLLK) for the period ending March 31, 2024. The company is incorporated in Nevada and operates in the Real Estate sector. Key dates include filing on May 14, 2024, with the reporting period from January 1, 2024, to March 31, 2024. Previous periods referenced include December 31, 2023, and March 31, 2023. The filing includes data related to preferred stock, common stock, additional paid-in capital, and retained earnings for various periods.

Why It Matters

For investors and stakeholders tracking HALLMARK VENTURE GROUP, INC., this filing contains several important signals. This 10-Q filing provides an update on Hallmark Venture Group's financial position and operational status for the first quarter of 2024. Investors and analysts can use this report to assess the company's performance, identify trends, and make informed investment decisions.

Risk Assessment

Risk Level: low — HALLMARK VENTURE GROUP, INC. shows low risk based on this filing. The filing is a standard quarterly report (10-Q) and does not contain immediate red flags or significant negative developments, indicating a low level of immediate risk based solely on this document.

Analyst Insight

Monitor future filings for revenue growth, net income trends, and any changes in debt levels to assess the company's financial health.

Key Numbers

• 2024-03-31 — Reporting Period End Date (Conformed period of report)
• 2024-05-14 — Filing Date (Filed as of date)
• 2024-01-01 — Quarter Start Date (First day of the reporting period)
• 2023-12-31 — Previous Year End Date (Reference date for comparative data)
• 2023-03-31 — Prior Year Quarter End Date (Reference date for comparative data)

Key Players & Entities

• HALLMARK VENTURE GROUP, INC. (company) — Filer name
• HLLK (company) — Ticker symbol
• 2024-03-31 (date) — Conformed period of report
• 2024-05-14 (date) — Filed as of date
• NV (jurisdiction) — State of incorporation
• 714 538 5214 (phone) — Business phone

FAQ

Industry Context

Hallmark Venture Group, Inc. operates within the Real Estate sector, which involves the development, management, and sale of properties.

Regulatory Implications

The company is subject to standard SEC regulations for public companies, including the requirement to file quarterly reports (10-Q) to disclose financial and operational information.

What Investors Should Do

1. Review the full 10-Q filing for detailed financial statements and management discussion.
2. Analyze comparative data from previous periods to identify financial trends.
3. Research any specific disclosures related to real estate operations or significant corporate events.

Key Dates

• 2024-05-14: 10-Q Filing — Report for the quarter ended March 31, 2024
• 2024-03-31: Quarter End Date — End of the reporting period
• 2024-01-01: Quarter Start Date — Beginning of the reporting period

Year-Over-Year Comparison

This filing is a standard 10-Q for the first quarter of 2024, providing updated financial information compared to the previous quarter's 10-Q and the prior year's comparable period.

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-q.htm (10-Q) — 516KB
• ex31-1.htm (EX-31.1) — 12KB
• ex31-2.htm (EX-31.2) — 11KB
• ex32-1.htm (EX-32.1) — 14KB
• 0001493152-24-019140.txt (&nbsp;) — 3175KB
• hllk-20240331.xsd (EX-101.SCH) — 29KB
• hllk-20240331_cal.xml (EX-101.CAL) — 35KB
• hllk-20240331_def.xml (EX-101.DEF) — 129KB
• hllk-20240331_lab.xml (EX-101.LAB) — 212KB
• hllk-20240331_pre.xml (EX-101.PRE) — 187KB
• form10-q_htm.xml (XML) — 358KB

- 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. 15 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk. 19 Item 4

Controls and Procedures

Controls and Procedures. 19

- OTHER INFORMATION

PART II - OTHER INFORMATION 20 Item 1. Legal Proceedings. 20 Item 1A. Risk Factors. 20 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds. 20 Item 3. Defaults Upon Senior Securities. 20 Item 4. Mine Safety Disclosures 20 Item 5. Other Information. 20 Item 6. Exhibits. 20

Signatures

Signatures 21 2 PART I - FINANCIAL INFORMATION ITEM 1. FINANCIAL STATEMENTS HALLMARK VENTURE GROUP, INC. Condensed Balance Sheets as of March 31, 2024 (unaudited) and December 31, 2023 4 Condensed Statements of Operations for the Three Months Ended March 31, 2024 and 2023 (unaudited) 5 Condensed Statements of Stockholders' Equity (Deficit) for the Three Months Ended March 31, 2024 and 2023 (unaudited) 6 Condensed Statements of Cash Flows for the Three Months Ended March 31, 2024 and 2023 (unaudited) 7 Notes to the Condensed Financial Statements (unaudited) 8 3 HALLMARK VENTURE GROUP, INC. BALANCE SHEETS March 31, 2024 December 31, 2023 (Unaudited) (Audited) ASSETS Current Assets: Cash $ — $ — Total Assets $ — $ — LIABILITIES AND STOCKHOLDERS' DEFICIT Current Liabilities: Accounts payable and accrued liabilities $ 284,766 $ 281,716 Due to related parties — — Convertible note payable – related party, net of debt discount of $ 23,940 and $ 149,889 127,872 71,230 Accrued interest - related party 10,761 7,555 Accrued interest 4,034 3,426 Note payable 88,136 — Derivative liability 123,974 293,621 Stock payable 36,130 36,130 Settlement liability 4,598 9,601 Settlement liability - related party 146,799 146,799 Settlement liability 146,799 146,799 Total Current Liabilities 827,070 850,078 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; 622,185,523 and 612,179,943 issued and outstanding, respectively 622,185 612,179 Additional paid-in capital 1,782,801 1,787,804 Accumulated deficit ( 3,232,156 ) ( 3,250,161 ) Total Stockholders' Deficit ( 827,070 ) ( 850,078 ) Total Liabilities and Stockholders' Deficit $ — $ — The accompanying notes are a

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View this 10-Q filing on SEC EDGAR