Leafbuyer Technologies Files 2024 10-K

TL;DR

Leafbuyer Tech 2024 10-K is in. FY ended 6/30/24. Exec changes noted.

AI Summary

Leafbuyer Technologies, Inc. filed its 10-K for the fiscal year ending June 30, 2024, reporting on its operations as a management consulting services company. The company's fiscal year 2024 saw various executive appointments and changes, including those related to the Chief Executive Officer and Chief Technology Officer roles. The filing details its financial structure, including common stock information and its state of incorporation in Nevada.

Why It Matters

This filing provides a comprehensive overview of Leafbuyer Technologies' financial health and operational status for the past fiscal year, which is crucial for investors and stakeholders to assess the company's performance and future prospects.

Risk Assessment

Risk Level: medium — The filing is a standard annual report, but the nature of the business (management consulting) and potential for executive changes can introduce inherent risks.

Key Numbers

• 700,000,000 — Authorized Shares (Common stock authorized for issuance.)
• 99,428,575 — Outstanding Shares (Common stock outstanding as of fiscal year end.)
• 100,071,075 — Shares Outstanding (Common stock outstanding as of fiscal year end.)

Key Players & Entities

• LEAFBUYER TECHNOLOGIES, INC. (company) — Filer
• 0001643721 (company) — Central Index Key
• 8742 (company) — Standard Industrial Classification Code
• NV (company) — State of Incorporation
• AP EVENT INC. (company) — Former Company Name
• 20150529 (date) — Date of Name Change
• 0630 (date) — Fiscal Year End
• 20240630 (date) — Conformed Period of Report
• 20241105 (date) — Filing Date
• lbuy:AprilTwoThousandTwentyMember (person) — Executive Role

FAQ

Key Financial Figures

• $0.001 — Exchange Act: Common Stock, par value $0.001 per share Indicate by check mark if t
• $0.04 — fiscal quarter was $ 3,977,143 based on $0.04 per share price. The number of shares
• $165,332 — ial resources. We had a cash balance of $165,332 as of June 30, 2024. We had an accumula
• $25,247,214 — 2024. We had an accumulated deficit of $25,247,214 at June 30, 2024. We may seek additiona

Filing Documents

• lbuy_10k.htm (10-K) — 952KB
• lbuy_ex311.htm (EX-31.1) — 15KB
• lbuy_ex312.htm (EX-31.2) — 16KB
• lbuy_ex321.htm (EX-32.1) — 5KB
• lbuy_ex322.htm (EX-32.2) — 5KB
• 0001477932-24-006885.txt ( ) — 4454KB
• lbuy-20240630.xsd (EX-101.SCH) — 44KB
• lbuy-20240630_lab.xml (EX-101.LAB) — 266KB
• lbuy-20240630_cal.xml (EX-101.CAL) — 39KB
• lbuy-20240630_pre.xml (EX-101.PRE) — 231KB
• lbuy-20240630_def.xml (EX-101.DEF) — 133KB
• lbuy_10k_htm.xml (XML) — 590KB

Business

Business 3 Item 1A.

Risk Factors

Risk Factors 5 Item 1B. Unresolved Staff Comments 11 Item 1C. Cybersecurity 11 Item 2

Properties

Properties 13 Item 3.

Legal Proceedings

Legal Proceedings 13 Item 4. Mine Safety Disclosures 13 PART II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 14 Item 6.

Selected Financial Data

Selected Financial Data 16 Item 7.

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

Management's Discussion and Analysis of Financial Condition and Results of Operations 16 Item 7A.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 22 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 22 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 23 Item 9A.

Controls and Procedures

Controls and Procedures 23 Item 9B. Other Information 24 PART III Item 10. Directors, Executive Officers and Corporate Governance 25 Item 11.

Executive Compensation

Executive Compensation 28 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 29 Item 13. Certain Relationships and Related Transactions, and Director Independence 30 Item 14. Principal Accountant Fees and Services 31 PART IV Item 15. Exhibits, Financial Statement Schedules 32 2 Table of Contents PART I

Forward Looking Statements

Forward Looking Statements This annual report contains forward-looking statements that involve risks and uncertainties. These statements relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested in this report. Except as required by applicable law, we do not intend to update any of the forward-looking statements to conform these statements to actual results. As used in this annual report, the terms "we", "us" and "our" mean Leafbuyer Technologies, Inc., unless otherwise indicated. Business Overview Leafbuyer.com Platform Our wholly owned subsidiary, LB Media Group, LLC has evolved and grown as a listing website to a comprehensive marketing technology platform that focuses on new customer acquisition and retention tools that include texting and loyalty and application software technology. With the increased popularity of Leafbuyer texting/loyalty program, clients can communicate through SMS, MMS as well as push notifications within a custom branded application. The platform gives dispensary owners the ability to target market their customer base by spending limits, brands, frequency, and product types. The Leafbuyer platform alerts consumers of specials as well as online ordering features that help create a more diverse product offering for our clients. Through our total network program, text messages that are sent are conver

RISK FACTORS

ITEM 1A. RISK FACTORS Risks Related to the Business We have minimal financial resources. Our company financial statements includes a footnote disclosure stating that there is substantial doubt about our ability to continue as a going concern. Leafbuyer Technologies, Inc. operates in a highly regulated industry, is an early-stage company and has minimal financial resources. We had a cash balance of $165,332 as of June 30, 2024. We had an accumulated deficit of $25,247,214 at June 30, 2024. We may seek additional financing. The financing sought may be in the form of equity or debt financing from various sources yet unidentified. We cannot assure you that we will generate sufficient revenue or obtain the necessary financing to continue as a going concern. The accompanying financial statements have been prepared assuming that we will continue as a going concern. As discussed in Note 1 of the financial statements, we have suffered recurring losses from operations and have a significant accumulated deficit. These factors raise substantial doubt about our ability to continue as a going concern. Management's plans in regard to these matters are also described in Note 1. The financial statements do not include any adjustments that might result from the outcome of this uncertainty. Leafbuyer is and will continue to be completely dependent on the services of our president, chief executive officer and chief financial officer, the loss of whose services may cause our business operations to cease, and we will need to engage and retain qualified employees and consultants to further implement our strategy. Leafbuyer's operations and business strategy are completely dependent upon the knowledge, Technology Development and business connections of Rossner, Goerner and Breen our executive officers. They are under no contractual obligation to remain employed by Leafbuyer. If they should choose to leave us for any reason or become ill and unable to work for an extended period o

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View this 10-K filing on SEC EDGAR