Hallmark Venture Group Files Q3 2024 10-Q

TL;DR

HVG filed its Q3 10-Q. Financials updated.

AI Summary

Hallmark Venture Group, Inc. filed its 10-Q for the period ending September 30, 2024. The company, primarily involved in real estate, reported financial data for the third quarter and the first nine months of the year. Specific financial figures and comparative data from previous periods are detailed within the filing.

Why It Matters

This filing provides investors with an update on Hallmark Venture Group's financial performance and position as of Q3 2024, crucial for assessing the company's ongoing operations and future prospects.

Risk Assessment

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

Key Numbers

• Q3 2024 — Reporting Period (The period covered by the 10-Q filing.)
• 2024-09-30 — As of Date (The specific date for which financial information is reported.)
• 2024-11-15 — Filing Date (The date the report was officially submitted to the SEC.)

Key Players & Entities

• HALLMARK VENTURE GROUP, INC. (company) — Filer of the 10-Q
• 20240930 (date) — End of the reporting period
• 20241115 (date) — Filing date
• 305 ENTERPRISE STREET (location) — Company's business and mailing address
• ESCONDIDO, CA (location) — Company's business and mailing address city and 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) — 687KB
• ex31-1.htm (EX-31.1) — 8KB
• ex31-2.htm (EX-31.2) — 8KB
• ex32-1.htm (EX-32.1) — 8KB
• 0001493152-24-046186.txt ( ) — 3722KB
• hllk-20240930.xsd (EX-101.SCH) — 34KB
• hllk-20240930_cal.xml (EX-101.CAL) — 39KB
• hllk-20240930_def.xml (EX-101.DEF) — 156KB
• hllk-20240930_lab.xml (EX-101.LAB) — 245KB
• hllk-20240930_pre.xml (EX-101.PRE) — 217KB
• form10-q_htm.xml (XML) — 435KB

- 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. 16 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk. 18 Item 4

Controls and Procedures

Controls and Procedures. 19

- OTHER INFORMATION

PART II - OTHER INFORMATION 19 Item 1. Legal Proceedings. 19 Item 1A. Risk Factors. 19 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds. 19 Item 3. Defaults Upon Senior Securities. 19 Item 4. Mine Safety Disclosures 19 Item 5. Other Information. 19 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 September 30, 2024 (unaudited) and December 31, 2023 4 Condensed Statements of Operations for the Three and Nine Months Ended September 30, 2024 and 2023 (unaudited) 5 Condensed Statements of Stockholders' Equity (Deficit) for the Three and Nine Months Ended September 30, 2024 and 2023 (unaudited) 6 Condensed Statements of Cash Flows for the Nine Months Ended September 30, 2024 and 2023 (unaudited) 7 Notes to the Condensed Financial Statements (unaudited) 8 3 HALLMARK VENTURE GROUP, INC. BALANCE SHEETS September 30, 2024 December 31, 2023 (Unaudited) (Audited) ASSETS Current Assets: Note receivable $ 100,000 $ — Interest receivable 3,332 — Total Assets $ 103,332 $ — LIABILITIES AND STOCKHOLDERS' DEFICIT Current Liabilities: Accounts payable and accrued liabilities $ 28,624 $ 281,716 Due to related parties 826 — Convertible note payable – related party, net of debt discount of $ 13,875 and $ 149,889 60,626 71,230 Accrued interest - related party — 7,555 Accrued interest 4,853 3,426 Notes payable - net of debt discount of $ 58,332 145,654 — Derivative liability 409,792 293,621 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 833,304 850,078 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; 523,925,844 and 612,179,943 issued and outstanding, respectively 523,925 612,179 Additional paid-in capital 1,978,484 1,787,804 Accumulated deficit ( 3,232,481 ) ( 3,250,161 ) Total Stockholders'

View Full Filing

View this 10-Q filing on SEC EDGAR