HST Global, Inc. Files 10-Q for Q2 2024

TL;DR

HST Global filed its Q2 2024 10-Q. Check financials.

AI Summary

HST Global, Inc. filed its 10-Q for the period ending June 30, 2024. The company, previously known as NT Holding Corp., ABSS Corp., and UNICO INC, is incorporated in Delaware and operates in the Pharmaceutical Preparations sector. Its principal business address is in Hampton, VA.

Why It Matters

This filing provides investors with an update on HST Global's financial performance and operational status for the second quarter of 2024, crucial for understanding the company's trajectory.

Risk Assessment

Risk Level: low — The filing is a standard quarterly report and does not contain immediate red flags or significant negative news.

Key Numbers

• 2024 Q2 — Reporting Period (Indicates the second quarter of 2024 as the period covered by the report.)
• 1231 — Fiscal Year End (Specifies December 31st as the company's fiscal year end.)

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
• 20240630 (date) — End of the reporting period
• 20240826 (date) — Filing date

FAQ

Key Financial Figures

• $0.001 — tock; 10,000,000 shares authorized, at $0.001 par value, no shares issued and outsta
• $100,319 — h 31, 2024, the Company owed Mr. Howell $100,319 in notes payable. On April 24, 2024 ,
• $625,005 — he transaction, the outstanding debt of $625,005 owed to Howell was purchased by HPAF an
• $500,000 — well was purchased by HPAF and HGHI for $500,000. The debt was converted to equity and t
• $100,000 — credit on May 1, 2024 in the amount of $100,000 with HPAF and HGHI. Executive Offices
• $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
• $16,640 — 023. The Company realized a net loss of $16,640 for the quarter ended June 30, 2024 as
• $34,295 — e 30, 2024 as compared to a net loss of $34,295 for the quarter ended June 30, 2023. Th
• $50,817 — 023. The Company realized a net loss of $50,817 for the six months ended June 30, 2024
• $73,581 — e 30, 2024 as compared to a net loss of $73,581 for the six months ended June 30, 2023.
• $5,155 — ur cash balance as of June 30, 2024 was $5,155, with a cash balance of $2,320 on June
• $2,320 — 2024 was $5,155, with a cash balance of $2,320 on June 30, 2023. Financing Activities
• $17,800 — for its operations through proceeds of $17,800 in 2024 from loans or advances from rel

Filing Documents

• hstc-20240630.htm (10-Q) — 209KB
• exhibit31-1.htm (EX-31) — 8KB
• exhibit31-2.htm (EX-31) — 8KB
• exhibit32-1.htm (EX-32) — 4KB
• exhibit32-2.htm (EX-32) — 4KB
• 0001674796-24-000019.txt ( ) — 1199KB
• hstc-20240630_cal.xml (EX-101.CAL) — 15KB
• hstc-20240630_def.xml (EX-101.DEF) — 21KB
• hstc-20240630_lab.xml (EX-101.LAB) — 81KB
• hstc-20240630_pre.xml (EX-101.PRE) — 63KB
• hstc-20240630.xsd (EX-101.SCH) — 13KB
• hstc-20240630_htm.xml (XML) — 78KB

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 At June 30, 2024 At December 31, 2023 (Unaudited) ASSETS Current Assets Cash and cash equivalents $ 5,155 $ 1,526 Total Current Assets 5,155 1,526 Total Assets $ 5,155 $ 1,526 LIABILITIES AND STOCKHOLDERS' DEFICIT Current Liabilities Accounts payable and accrued expenses $ 1,350 $ 2,275 Accounts payable and accrued expenses - related parties - 480,000 Loans or advances from related party 21,600 98,319 Accrued related party interest 84 12,999 Total Current Liabilities 23,034 593,593 Total Liabilities 23,034 593,593 Stockholders' Deficit Preferred stock; 10,000,000 shares authorized, at $0.001 par value, no shares issued and outstanding as of June 30, 2024 and December 31, 2023 - - Common stock; 200,000,000 shares authorized, at $0.001 par value, 41,561,226 and 5,248,582 shares issued and outstanding as of June 30, 2024 and December 31, 2023 41,560 5,248 Additional paid-in capital 6,005,929 5,417,236 Accumulated deficit ( 6,065,368 ) ( 6,014,551 ) Total Stockholders' Deficit ( 17,879 ) ( 592,067 ) Total Liabilities and Stockholders' Deficit $ 5,155 $ 1,526 The accompanying notes are an integral part of these unaudited condensed financial statements Page 4 HST GLOBAL, INC. Condensed Statements of Operations January 1, 2024 to June 30, 2024 (Unaudited) For the Three Months Ended June 30, 2024 For the Three Months Ended June 30, 2023 For the Six Months Ended June 30, 2024 For the Six Months Ended June 30, 2023 REVENUES $ - $ - $ - $ - OPERATING EXPENSES Consulting, related party - 30,000 30,000 60,000 General and administrative 16,556 2,990 19,244 11,065 Total Operating Expenses 16,556 32,990 49,244 71,065 Loss from Operations ( 16,556 ) ( 32,990 ) ( 49,244 ) ( 71,065 ) OTHER INCOME (EXPENSE) Interest expense ( 84 ) ( 1,305

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 condensed financial statements and related public financial information are based on the

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 sy

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View this 10-Q filing on SEC EDGAR