Resonate Blends, Inc. Files Q3 2024 10-Q
Ticker: KOAN · Form: 10-Q · Filed: Nov 26, 2024 · CIK: 897078
Sentiment: neutral
Topics: 10-Q, financials, software
TL;DR
Resonate Blends (formerly Textmunication) filed its Q3 2024 10-Q. NV incorporated, CA based software co.
AI Summary
Resonate Blends, Inc. filed its 10-Q for the period ending September 30, 2024. The company, formerly known as Textmunication Holdings, Inc., is incorporated in Nevada and operates in the prepackaged software sector. Its business address is in Calabasas, California.
Why It Matters
This filing provides investors with the latest financial performance and operational updates for Resonate Blends, Inc. during the third quarter of 2024.
Risk Assessment
Risk Level: low — This is a standard 10-Q filing providing routine financial information, not indicating immediate high risk.
Key Numbers
- 2024-09-30 — Reporting Period End (Latest quarterly financial data)
- 2024-11-26 — Filing Date (Date the report was submitted to the SEC)
Key Players & Entities
- Resonate Blends, Inc. (company) — Filer
- Textmunication Holdings, Inc. (company) — Former company name
- 20240930 (date) — Reporting period end date
- 20241126 (date) — Filing date
- Calabasas, CA (location) — Business address city and state
FAQ
What is the primary business of Resonate Blends, Inc.?
Resonate Blends, Inc. operates in the SERVICES-PREPACKAGED SOFTWARE sector, with SIC code 7372.
When is Resonate Blends, Inc.'s fiscal year end?
The company's fiscal year ends on December 31.
What was Resonate Blends, Inc. formerly known as?
Resonate Blends, Inc. was formerly known as Textmunication Holdings, Inc. and Textmunications Holdings, Inc.
In which state is Resonate Blends, Inc. incorporated?
Resonate Blends, Inc. is incorporated in Nevada (NV).
What is the business address of Resonate Blends, Inc.?
The business address is 26565 AGOURA RD., SUITE 200, CALABASAS, CA 91302.
Filing Stats: 4,593 words · 18 min read · ~15 pages · Grade level 16.5 · Accepted 2024-11-25 18:02:49
Key Financial Figures
- $10,000,000.00 — evenue run rate of Ten Million Dollars ($10,000,000.00) for any three (3) consecutive month tr
- $100,000,000 — eaching One Hundred Million US Dollars ($100,000,000). The shares in (ii) and (iii) shall ha
Filing Documents
- form10-q.htm (10-Q) — 703KB
- ex31-1.htm (EX-31.1) — 18KB
- ex31-2.htm (EX-31.2) — 18KB
- ex32-1.htm (EX-32.1) — 8KB
- 0001493152-24-047676.txt ( ) — 3630KB
- koan-20240930.xsd (EX-101.SCH) — 25KB
- koan-20240930_cal.xml (EX-101.CAL) — 41KB
- koan-20240930_def.xml (EX-101.DEF) — 137KB
- koan-20240930_lab.xml (EX-101.LAB) — 243KB
- koan-20240930_pre.xml (EX-101.PRE) — 195KB
- form10-q_htm.xml (XML) — 431KB
– 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 Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 4 Item 3:
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 7 Item 4:
Controls and Procedures
Controls and Procedures 7
– OTHER INFORMATION
PART II – OTHER INFORMATION 8 Item 1:
Legal Proceedings
Legal Proceedings 8 Item 1A:
Risk Factors
Risk Factors 8 Item 2: Unregistered Sales of Equity Securities and Use of Proceeds 8 Item 3: Defaults Upon Senior Securities 8 Item 4: Mine Safety Disclosures 9 Item 5: Other Information 9 Item 6: Exhibits 9 2 PART I - FINANCIAL INFORMATION Item 1. Financial Statements Our consolidated financial statements included in this Form 10-Q are as follows: F-1 Consolidated Balance Sheets as of September 30, 2024 (unaudited), and December 31, 2023 F-2 Consolidated Statements of Operations for the Three and Nine Months Ended September 30, 2024 and 2023 (unaudited) F-3 Consolidated Statement of Stockholders' Equity (Deficit) for the Nine Months Ended September 30, 2024 and 2023 (unaudited) F-4 Consolidated Statements of Cash Flows for the Nine Months Ended September 30, 2024 and 2023 (unaudited) F-5 Notes to Consolidated Unaudited Financial Statements. These consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and the SEC instructions to Form 10-Q. In the opinion of management, all adjustments considered necessary for a fair presentation have been included. Operating results for the interim six months ended September 30, 2024, are not necessarily indicative of the results that can be expected for the full year. 3 RESONATE BRANDS, INC. AND SUBSIDIARIES Condensed Consolidated Balance Sheets (Unaudited) September 30, 2024 December 31, 2023 ASSETS Current assets: Cash and cash equivalents $ 68,236 $ 6,938 Advances to Pegasus Specialty Vehicles, LLC 970,000 970,000 Loan receivable 6,000 - Total current assets $ 1,044,236 $ 976,938 Fixed assets: Fixed assets, net $ 15,303 $ 15,303 Total fixed assets $ 15,303 15,303 Other assets: Investments $ 805,379 $ 100 Total other assets $ 805,379 $ 100 Total assets $ 1,864,918 $ 992,341 LIABILITIES AND SHAREHOLDERS' DEF