HST Global, Inc. Files Q1 2024 10-Q

TL;DR

**HST Global files Q1 10-Q. Pharma prep biz. Hampton, VA HQ.**

AI Summary

HST Global, Inc. filed its 10-Q for the period ending March 31, 2024. The company, previously known as NT Holding Corp., ABSS Corp., and UNICO INC, is in the Pharmaceutical Preparations industry. Its principal executive offices are located at 150 Research Dr., Hampton, VA.

Why It Matters

This filing provides investors with an update on HST Global's financial performance and operational status for the first quarter of 2024.

Risk Assessment

Risk Level: low — This is a standard quarterly filing providing financial information, not indicating immediate significant risks.

Key Players & Entities

• HST Global, Inc. (company) — Filer of the 10-Q
• NT HOLDING CORP. (company) — Former company name
• ABSS CORP (company) — Former company name
• UNICO INC (company) — Former company name
• 20240331 (date) — End of reporting period
• 150 RESEARCH DR. (location) — Business and mailing address
• HAMPTON (location) — City of business and mailing address
• VA (location) — State of business and mailing address

FAQ

Key Financial Figures

• $0.001 — tock; 10,000,000 shares authorized, at $0.001 par value, 0 shares issued and outstan
• $100,319 — h 31, 2024, the Company owed Mr. Howell $100,319 in notes payable. Page 10 As part of
• $624,808 — ations owed to him which was a total of $624,808, including the notes payable referenced
• $10,000 — by the Company agreed to pay Mr. Howell $10,000 per month for consulting services throu
• $14,488 — 000 under the consulting agreement plus $14,488 in accumulated interest expenses. As p
• $34,177 — 023. The Company realized a net loss of $34,177 for the quarter ended March 31, 2024 as
• $39,286 — h 31, 2024 as compared to a net loss of $39,286 for the quarter ended March 31, 2023. T
• $5,109 — h 31, 2023. The decrease in net loss of $5,109 for the 1st quarter of 2024 is attribut
• $838 — r cash balance as of March 31, 2024 was $838, with a cash balance of $1,526 on March
• $1,526 — , 2024 was $838, with a cash balance of $1,526 on March 31, 2023. Financing Activitie
• $2,000 — for its operations through proceeds of $2,000 in 2024 from loans or advances from rel

Filing Documents

• hstc-20240331.htm (10-Q) — 187KB
• exhibit31-1.htm (EX-31) — 8KB
• exhibit31-2.htm (EX-31) — 8KB
• exhibit32-1.htm (EX-32) — 4KB
• exhibit32-2.htm (EX-32) — 4KB
• 0001674796-24-000015.txt ( ) — 1183KB
• hstc-20240331_cal.xml (EX-101.CAL) — 16KB
• hstc-20240331_def.xml (EX-101.DEF) — 22KB
• hstc-20240331_lab.xml (EX-101.LAB) — 80KB
• hstc-20240331_pre.xml (EX-101.PRE) — 64KB
• hstc-20240331.xsd (EX-101.SCH) — 13KB
• hstc-20240331_htm.xml (XML) — 72KB

Financial Statements

Financial Statements 4 Condensed Balance Sheets (unaudited) 4 Condensed Statements of Operations (unaudited) 5 Condensed Statements of Stockholders' Deficit (unaudited) 6 Condensed Statements of Cash Flow (unaudited) 7 Notes to Condensed Financial Statements (unaudited) 8 Item 2.

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

Management's Discussion and Analysis of Financial Condition and Results of Operations 12 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 14 Item 4.

Controls and Procedures

Controls and Procedures 14 PART II OTHER INFORMATION 15 Item 1.

Legal Proceedings

Legal Proceedings 15 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 15 Item 3. Default Upon Senior Securities 15 Item 4. Mine Safety Disclosures 15 Item 5. Other Information 15 Item 6. Exhibits 15

Signatures

Signatures 15 Page 3

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION

FINANCIAL STATEMENTS

ITEM 1. FINANCIAL STATEMENTS HST GLOBAL, INC. Condensed Balance Sheets March 31, 2024 December 31, 2023 (Unaudited) ASSETS Current Assets Cash and cash equivalents $ 838 $ 1,526 Total Current Assets 838 1,526 Total Assets $ 838 $ 1,526 LIABILITIES AND STOCKHOLDERS' DEFICIT Current Liabilities Accounts payable and accrued expenses $ 2,275 $ 2,275 Accounts payable and accrued expenses - related parties 510,000 480,000 Loans or advances from related party 100,319 98,319 Accrued related party interest 14,488 12,999 Total Current Liabilities 627,082 593,593 Total Liabilities 627,082 593,593 Stockholders' Deficit Preferred stock; 10,000,000 shares authorized, at $0.001 par value, 0 shares issued and outstanding - - Common stock; 200,000,000 shares authorized, at $0.001 par value, 5,248,582 shares issued and outstanding 5,248 5,248 Additional paid-in capital 5,417,236 5,417,236 Accumulated deficit ( 6,048,728 ) ( 6,014,551 ) Total Stockholders' Deficit ( 626,244 ) ( 592,067 ) Total Liabilities and Stockholders' Deficit $ 838 $ 1,526 The accompanying notes are an integral part of these unaudited condensed financial statements Page 4 HST GLOBAL, INC. Condensed Statements of Operations (Unaudited) For the Three Months Ended March 31, 2024 For the Three Months Ended March 31, 2023 REVENUES $ - $ - OPERATING EXPENSES Consulting, related party 30,000 30,000 General and administrative 2,688 8,075 Total Operating Expenses 32,688 38,075 Loss from Operations ( 32,688 ) ( 38,075 ) OTHER INCOME (EXPENSE) Interest expense ( 1,489 ) ( 1,211 ) Total Other Expense ( 1,489 ) ( 1,211 ) Loss Before Income Taxes ( 34,177 ) ( 39,286 ) Provision for Income Taxes - - NET LOSS $ ( 34,177 ) $ ( 39,286 ) Basic and Diluted Loss Per Share $ ( 0.01 ) $ ( 0.01 ) Basic and Diluted Weighted Average Number of Common Shares O

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS The following discussion should be read in conjunction with the information contained in the condensed financial statements of the Company and the notes thereto appearing elsewhere herein. As used in this report, the terms "Company", "we", "our", "us" and "HSTC" refer to HST Global, Inc. Preliminary Note Regarding Forward-Looking Statements This quarterly report contains forward-looking statements within the meaning of the federal securities laws. These include statements about our expectations, beliefs, intentions or strategies for the future, which we indicate by words or phrases such as "anticipate," "expect," "intend," "plan," "will," "we believe," "HSTC believes," "management believes" and similar language. The forward-looking statements are based on the current expectations of HSTC and are subject to certain risks, uncertainties and assumptions, including those set forth in the discussion under "Management's Discussion and Analysis of Financial Condition and Results of Operations" in this report. The actual results may differ materially from results anticipated in these forward-looking statements. We base the forward-looking statements on information currently available to us, and we assume no obligation to update them. Investors are also advised to refer to the information in our filings with the Securities and Exchange Commission, especially on Forms 10-K, 10-Q and 8-K, in which we discuss in more detail various important factors that could cause actual results to differ from expected or historic results. It is not possible to foresee or identify all such factors. As such, investors should not consider any list of such factors to be an exhaustive statement of all risks and uncertainties or potentially inaccurate assumptions. Critical Accounting Policies and Estimates Our financial statements and related public financial information are based on the applicati

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK None.

CONTROLS AND PROCEDURES

ITEM 4. CONTROLS AND PROCEDURES. Evaluation of Disclosure Controls and Procedures Our previous Chief Executive Officer and Interim Chief Financial Officer (the "Certifying Officer") maintains a system of disclosure controls and procedures that is designed to provide reasonable assurance that information, which is required to be disclosed, is accumulated and communicated to management timely. Under the supervision and with the participation of management, the Certifying Officer evaluated the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Rule [13a-14(c)/15d-14(c)] under the Exchange Act) within 45 days prior to the filing date of this report. Based upon that evaluation, the Certifying Officer concluded that our disclosure controls and procedures are not effective in timely alerting them to material information relative to our company required to be disclosed in our periodic filings with the SEC. Changes in Internal Controls During the quarter ended March 31, 2024, there were no changes made to our internal controls over financial reporting that are reasonably likely to affect the reliability of those controls, or the accuracy of our financial reporting. Pa

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View this 10-Q filing on SEC EDGAR