Hallmark Venture Group Files Q2 2024 10-Q

TL;DR

HVG filed its Q2 10-Q. Financials updated.

AI Summary

Hallmark Venture Group, Inc. filed its 10-Q for the period ending June 30, 2024. The filing details the company's financial position and operations, including its real estate focus. Specific financial figures and operational details for the second quarter and year-to-date periods are presented.

Why It Matters

This filing provides investors with an update on Hallmark Venture Group's financial health and operational performance for the second quarter of 2024, crucial for investment decisions.

Risk Assessment

Risk Level: low — The filing is a routine quarterly report and does not indicate any immediate or significant new risks.

Key Numbers

• Q2 2024 — Reporting Period (Financial results for the second quarter ending June 30, 2024.)
• 2024-01-01 to 2024-06-30 — Year-to-Date Period (Financial results for the first six months of 2024.)
• 2023-12-31 — Prior Year End (Balance sheet information as of the end of the previous fiscal year.)

Key Players & Entities

• HALLMARK VENTURE GROUP, INC. (company) — Filer
• 20240630 (date) — Period of Report
• 20240812 (date) — Filed as of Date
• 305 ENTERPRISE (address) — Business Address
• ESCONDIDO, CA (location) — Business Address City/State

FAQ

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) — 626KB
• ex31-1.htm (EX-31.1) — 12KB
• ex31-2.htm (EX-31.2) — 11KB
• ex32-1.htm (EX-32.1) — 15KB
• 0001493152-24-031343.txt ( ) — 3378KB
• hllk-20240630.xsd (EX-101.SCH) — 29KB
• hllk-20240630_cal.xml (EX-101.CAL) — 36KB
• hllk-20240630_def.xml (EX-101.DEF) — 132KB
• hllk-20240630_lab.xml (EX-101.LAB) — 214KB
• hllk-20240630_pre.xml (EX-101.PRE) — 191KB
• form10-q_htm.xml (XML) — 396KB

- 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 June 30, 2024 (unaudited) and December 31, 2023 4 Condensed Statements of Operations for the Three and Six Months Ended June 30, 2024 and 2023 (unaudited) 5 Condensed Statements of Stockholders' Equity (Deficit) for the Three and Six Months Ended June 30, 2024 and 2023 (unaudited) 6 Condensed Statements of Cash Flows for the Six Months Ended June 30, 2024 and 2023 (unaudited) 7 Notes to the Condensed Financial Statements (unaudited) 8 3 HALLMARK VENTURE GROUP, INC. BALANCE SHEETS June 30, 2024 December 31, 2023 (Unaudited) (Audited) ASSETS Current Assets: Cash $ — $ — Total Assets $ — $ — LIABILITIES AND STOCKHOLDERS' DEFICIT Current Liabilities: Accounts payable and accrued liabilities $ 287,815 $ 281,716 Due to related parties — — Convertible note payable – related party, net of debt discount of $ 20,813 and $ 149,889 132,643 71,230 Accrued interest - related party 15,212 7,555 Accrued interest 1,002 3,426 Note payable 103,986 — Derivative liability 229,015 293,621 Stock payable 36,130 36,130 Settlement liability — 9,601 Settlement liability - related party 146,799 146,799 Settlement liability 146,799 146,799 Total Current Liabilities 952,602 850,078 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 ( 3,357,688 ) ( 3,250,161 ) Total Stockholders' Deficit ( 952,602 ) ( 850,078 ) Total Liabilities and Stockholders' Deficit $ — $ — The accompanying notes

View Full Filing

View this 10-Q filing on SEC EDGAR