Invech Holdings Files Q2 2024 10-Q

TL;DR

Invech Holdings filed its Q2 10-Q, showing financial updates for the period ending June 30, 2024.

AI Summary

Invech Holdings, Inc. filed its 10-Q for the period ending June 30, 2024. The filing details financial information for the second quarter and the first six months of 2024. Key financial statement data, including preferred stock and common stock balances as of December 31, 2023, and March 31, 2024, are presented.

Why It Matters

This filing provides investors with an update on Invech Holdings' financial performance and position for the second quarter of 2024, crucial for understanding the company's ongoing operations and value.

Risk Assessment

Risk Level: low — This is a routine financial filing with no immediate red flags or significant new risks disclosed.

Key Numbers

• 2024-06-30 — Reporting Period End Date (Indicates the end of the financial quarter being reported.)
• 2024-08-12 — Filing Date (The date the 10-Q was officially submitted to the SEC.)
• 1231 — Fiscal Year End (Specifies the end date of the company's fiscal year.)

Key Players & Entities

• Invech Holdings, Inc. (company) — Filer of the 10-Q report
• 20240630 (date) — End of the reporting period
• 20240812 (date) — Filing date of the report
• 8742 (other) — Standard Industrial Classification code for Management Consulting Services
• NV (other) — State of incorporation

FAQ

Key Financial Figures

• $0.001 — ockholders' Deficit: Preferred stock, $0.001 par value; 5,000,000 shares authorized
• $1,000 — services, for total non-cash expense of $1,000. 8 NOTE 6 – RESTATEMENT Per ASC 25
• $3,492 — June 30, 2024, SCC advanced the Company $3,492 to pay for general operating expenses.
• $2,500,000 b — any was obligated to raise in excess of $2,500,000 by the private placement of the Company's
• $35,000 — ent (HK) Ltd. for the purchase price of $35,000. The Custodian did not receive any addi
• $50,000 — Logistic Inc. for the purchase price of $50,000. Robert Chin, sole officer and director
• $45,000 — mpliance, LLC for the purchase price of $45,000. These shares represent the majority co

Filing Documents

• invech_i10q-063024.htm (10-Q) — 326KB
• invech_ex3101.htm (EX-31.1) — 8KB
• invech_ex3102.htm (EX-31.2) — 8KB
• invech_ex3201.htm (EX-32.1) — 3KB
• invech_ex3202.htm (EX-32.2) — 3KB
• 0001683168-24-005462.txt ( ) — 1904KB
• ivhi-20240630.xsd (EX-101.SCH) — 13KB
• ivhi-20240630_cal.xml (EX-101.CAL) — 17KB
• ivhi-20240630_def.xml (EX-101.DEF) — 50KB
• ivhi-20240630_lab.xml (EX-101.LAB) — 145KB
• ivhi-20240630_pre.xml (EX-101.PRE) — 126KB
• invech_i10q-063024_htm.xml (XML) — 152KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION ITEM 1.

Financial Statements

Financial Statements Condensed Balance Sheets as of June 30, 2024 (Unaudited) and March 31, 2024 (Unaudited) 3 Condensed Statements of Operations for the Six Months ended June 30, 2024 and 2023 (Unaudited) 4 Condensed Statements of Changes in Stockholders' Deficit for the Six Months ended June 30, 2024 and 2023 (Unaudited) 5 Condensed Statements of Cash Flows for the Six Months ended June 30, 2024 and 2023 (Unaudited) 6 Notes to Condensed Financial Statements (Unaudited) 7 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 10 ITEM 3.

Quantitative And Qualitative Disclosures About Market Risk

Quantitative And Qualitative Disclosures About Market Risk 16 ITEM 4.

Controls And Procedures

Controls And Procedures 16

OTHER INFORMATION

PART II. OTHER INFORMATION ITEM 1.

Legal Proceedings

Legal Proceedings 19 ITEM 1A.

Risk Factors

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 19

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION

Financial

Item 1. Financial INVECH HOLDINGS, INC . BALANCE SHEETS (Unaudited) June 30, December 31, 2024 2023 ASSETS Current Assets: Cash $ – $ 7,000 Total Assets $ – $ 7,000 LIABILITIES AND STOCKHOLDERS' DEFICIT Current Liabilities: Due to a related party $ 69,417 $ 30,641 Due to a former related party 4,443 4,443 Accruals 5,391 5,391 Total Liabilities 79,251 40,475 Stockholders' Deficit: Preferred stock, $0.001 par value; 5,000,000 shares authorized – – Series A Preferred stock, $0.001 par value; 1,000,000 shares designated; 300,000 and 300,000 shares issued and outstanding, respectively 300 300 Common stock, $0.001 par value; 500,000,000 shares authorized, 10,521,335 and 10,521,335 shares issued and outstanding, respectively 10,521 10,521 Additional paid-in capital 202,294 202,294 Accumulated deficit ( 292,366 ) ( 246,590 ) Total Stockholders' Deficit ( 79,251 ) ( 33,475 ) Total Liabilities and Stockholders' Deficit $ – $ 7,000 The accompanying notes are an integral part of these unaudited financial statements. 3 INVECH HOLDINGS, INC . (Unaudited) For the Three Months Ended For the Six Months Ended June 30, June 30, 2024 2023 2024 2023 Operating Expenses: General and administrative expenses $ 16,159 $ 507 $ 45,776 $ 23,246 Total operating expenses 16,159 507 45,776 23,246 Loss from operations ( 16,159 ) ( 507 ) ( 45,776 ) ( 23,246 ) Net Loss $ ( 16,159 ) $ ( 507 ) $ ( 45,776 ) $ ( 23,246 ) Loss per share – basic and diluted $ ( 0.00 ) $ ( 0.00 ) $ ( 0.00 ) $ ( 0.00 ) Weighted average shares – basic and diluted 10,521,335 9,521,335 10,521,335 9,521,335 The accompanying notes are an integral part of these unaudited financial statements . 4 INVECH HOLDINGS, INC . FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2024 AND 2023 (Unaudited) Series A Preferred S

Management's Discussion and Analysis of Financial Condition

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations The following management's discussion and analysis ("MD&A") should be read in conjunction with financial statements of Invech Holdings, Inc. for the three months ended June 30, 2024 and 2023, and the notes thereto. Safe Harbor for Forward-Looking Statements Certain statements contained in Management's Discussion and Analysis of Financial Condition and Results of Operations, including statements regarding the development of the Company's business, the markets for the Company's products, anticipated capital expenditures, and the effects of completed and proposed acquisitions, and other statements contained herein regarding matters that are not historical facts, are forward-looking statements as is within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Because such statements include risks and uncertainties, actual results could differ materially from those expressed or implied by such forward-looking statements as set forth in this report, the Company's Annual Report on Form 10-K and other reports that the Company files with the Securities and Exchange Commission. Certain risks and uncertainties are wholly or partially outside the control of the Company and its management, including its ability to attract new clients; the continued success in servicing current clients; the effects of competition in new and existing markets; fluctuation in development and operating costs; brand awareness; availability and terms of capital; adverse publicity; acceptance of new product offerings; and changes in government regulation. Accordingly, readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's analysis only as of the date hereof. The Company undertakes no obligation to publicly release the results of any revision to these forward-looking statements which may be

View Full Filing

View this 10-Q filing on SEC EDGAR