IIOT-OXYS, Inc. Files Q3 2024 10-Q

TL;DR

IIOT-OXYS filed its Q3 10-Q. Formerly Gotham Capital Holdings.

AI Summary

IIOT-OXYS, Inc. filed its 10-Q for the period ending September 30, 2024. The company, formerly known as Gotham Capital Holdings, Inc. and Creative Beauty Supply of New Jersey CORP, is incorporated in Nevada and operates in the pre-packaged software industry. Its principal business address is in Cambridge, MA.

Why It Matters

This filing provides investors with an update on IIOT-OXYS, Inc.'s financial performance and operational status for the third quarter of 2024.

Risk Assessment

Risk Level: low — This is a routine filing providing standard financial information.

Key Numbers

• 20240930 — Reporting Period End (The 10-Q covers financial data up to this date.)
• 20250110 — Filing Date (The date the report was officially submitted to the SEC.)

Key Players & Entities

• IIOT-OXYS, Inc. (company) — Filer
• Gotham Capital Holdings, Inc. (company) — Former Company Name
• Creative Beauty Supply of New Jersey CORP (company) — Former Company Name
• 20240930 (date) — Reporting Period End Date
• 20250110 (date) — Filing Date

FAQ

Key Financial Figures

• $100,000 — he CEO will receive an annual salary of $100,000 which accrues unless converted into sha
• $1,000,000 — conversion rate. If the Company reaches $1,000,000 in cumulative sales over a 12-month per
• $150,000 — iod, the annual salary will increase to $150,000 commencing the following month. If the
• $5,000,000 — following month. If the Company reaches $5,000,000 in cumulative sales over a 12-month per
• $200,000 — iod, the annual salary will increase to $200,000 commencing the following month. The Com
• $0.001 — s of common stock at the lowest VWAP of $0.001 per share. The balance of principal and
• $0.00084 — any time into shares of common stock at $0.00084 per share. Interest is payable annually
• $0.0009 — any time into shares of common stock at $0.0009 per share. Note was issued as payment f

Filing Documents

• iiot_i10q-093024.htm (10-Q) — 864KB
• iiot_ex1001.htm (EX-10.1) — 19KB
• iiot_ex3101.htm (EX-31.1) — 9KB
• iiot_ex3102.htm (EX-31.2) — 9KB
• iiot_ex3201.htm (EX-32.1) — 3KB
• iiot_ex3202.htm (EX-32.2) — 3KB
• 0001683168-25-000194.txt ( ) — 4804KB
• itox-20240930.xsd (EX-101.SCH) — 32KB
• itox-20240930_cal.xml (EX-101.CAL) — 44KB
• itox-20240930_def.xml (EX-101.DEF) — 147KB
• itox-20240930_lab.xml (EX-101.LAB) — 294KB
• itox-20240930_pre.xml (EX-101.PRE) — 253KB
• iiot_i10q-093024_htm.xml (XML) — 736KB

—FINANCIAL INFORMATION

PART I—FINANCIAL INFORMATION 3

Financial Statements

Item 1. Financial Statements 3

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 25

Quantitative and Qualitative Disclosures About Market Risk

Item 3. Quantitative and Qualitative Disclosures About Market Risk 29

Controls and Procedures

Item 4. Controls and Procedures 29

—OTHER INFORMATION

PART II—OTHER INFORMATION 30

Other Information

Item 5. Other Information. 30

Exhibits

Item 6. Exhibits. 30

SIGNATURES

SIGNATURES 31 Introductory Comment Unless otherwise indicated, any reference to "the Company", "our company", "we", "us", or "our" refers to IIOT-OXYS, Inc., a Nevada corporation, and as applicable to its wholly owned subsidiaries, OXYS Corporation, a Nevada corporation, and HereLab, Inc., a Delaware corporation. 2

—FINANCIAL INFORMATION

PART I—FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements IIOT-OXYS, Inc. and Subsidiaries Condensed Consolidated Balance Sheets September 30, 2024 December 31, 2023 ASSETS (Unaudited) Current Assets Cash and cash equivalents $ 3,181 $ 644 Accounts receivable, net – 5,460 Prepaid expenses and other current assets 2,306 2,306 Total Current Assets 5,487 8,410 Intangible assets, net 161,926 199,085 Total Assets $ 167,413 $ 207,495 LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) Current Liabilities Accounts payable $ 349,431 $ 219,551 Accrued liabilities 648,636 534,138 Deferred revenue 31,425 31,425 Notes payable - current 393,942 435,000 Shares payable to related parties 17,205 15,225 Salaries payable to related parties 487,150 380,579 Derivative liabilities 879,268 535,653 Total Current Liabilities 2,807,057 2,151,571 Notes payable – 58,988 Due to stockholders 1,000 1,000 Total Liabilities 2,808,057 2,211,559 Commitments and Contingencies (Note 4) – – Series B Convertible Preferred Stock, 600 shares designated, $ 0.001 Par Value, $ 1,200 stated value; 536 shares and 516 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively. Liquidation preference $ 643,200 and $ 619,200 at September 30, 2024 and December 31, 2023, respectively 643,200 619,200 Series C Convertible Preferred Stock, 5,000 shares designated, $ 0.001 Par Value, $ 1,200 stated value; 57 shares and 0 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively. Liquidation preference $ 68,400 and $ 0 at September 30, 2024 and December 31, 2023, respectively 68,400 – Stockholders' Equity (Deficit) Preferred Stock, $ 0.001 par value, 10,000,000 Shares authorized – – Series A Preferred Stock, 25,845 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively 26 26 Common Stock $ 0.001 Par Value, 3,000,000,000 shares authorized; 555,015,293 shares a

financial statements

financial statements. In November 2023, the FASB issued ASU No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures ("ASU 2023-07"), which is intended to improve reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses. The disclosures requirements included in ASU 2023-07 are required for all public entities, including those with a single reportable segment. ASU 2023-07 is effective for annual periods beginning after December 15, 2024, on a retrospective basis, and early adoption is permitted. The Company is currently evaluating the potential impact of ASU 2023-07 on its consolidated financial statements. NOTE 3 – INTANGIBLE ASSETS The Company's intangible assets comprise of intellectual property revolving around their field tests, sensor integrations, and board designs. Intangible assets, net of amortization amounted to $ 161,926 and $ 199,085 at September 30, 2024 and December 31, 2023, respectively. Schedule of intangible assets September 30, 2024 December 31, 2023 Intangible Assets $ 495,000 $ 495,000 Accumulated amortization ( 333,074 ) ( 295,915 ) Intangible Assets, net $ 161,926 $ 199,085 The Company determined that none of its intangible assets were impaired as of September 30, 2024 and December 31, 2023, respectively. Amortizable intangible assets are amortized using the straight-line method over their estimated useful lives of ten years. The amortization expense of finite-lived intangibles was $ 12,477 and $ 37,159 for the three months and nine months ended September 30, 2024 compared to $ 12,477 and $ 37,023 for the three months and nine months ended September 30, 2023, respectively. The following table summarizes the Company's estimated future amortization expense of intangible assets with finite lives as of September 30, 2024: Schedule of estimated future amortization expense of intangible assets Amortization Expense 2024 (Rem

View Full Filing

View this 10-Q filing on SEC EDGAR