Leafbuyer Technologies Reports Q3 2024 Financials

TL;DR

Leafbuyer Tech's Q3 shows $100M assets vs $99M liabilities. Revenue $10M YTD.

AI Summary

Leafbuyer Technologies, Inc. filed its 10-Q for the period ending March 31, 2024. The company reported total assets of $100.07 million and total liabilities of $99.43 million as of March 31, 2024. For the nine months ended March 31, 2024, the company had revenues of $10.01 million.

Why It Matters

This filing provides insight into Leafbuyer Technologies' financial health and operational performance for the third quarter of fiscal year 2024, impacting investor decisions.

Risk Assessment

Risk Level: medium — The company has a significant amount of liabilities relative to its assets, indicating potential financial strain.

Key Numbers

• $100.07M — Total Assets (As of March 31, 2024)
• $99.43M — Total Liabilities (As of March 31, 2024)
• $10.01M — Revenues (For the nine months ended March 31, 2024)
• $10.01M — Revenues (For the nine months ended March 31, 2024)
• $0.00 — Net Income (For the nine months ended March 31, 2024)

Key Players & Entities

• LEAFBUYER TECHNOLOGIES, INC. (company) — Filer
• 0001643721 (company) — Central Index Key
• 8742 (company) — Standard Industrial Classification
• NV (company) — State of Incorporation
• AP EVENT INC. (company) — Former Company Name
• 20150529 (date) — Date of Name Change
• 6888 S. CLINTON STREET, SUITE 300 (location) — Business Address
• GREENWOOD VILLAGE (location) — Business City
• CO (location) — Business State
• 80112 (location) — Business Zip Code

FAQ

Filing Documents

• lbuy_10q.htm (10-Q) — 679KB
• lbuy_ex311.htm (EX-31.1) — 12KB
• lbuy_ex312.htm (EX-31.2) — 10KB
• lbuy_ex321.htm (EX-32.1) — 5KB
• lbuy_ex322.htm (EX-32.2) — 6KB
• 0001477932-24-005855.txt ( ) — 3607KB
• lbuy-20240331.xsd (EX-101.SCH) — 37KB
• lbuy-20240331_lab.xml (EX-101.LAB) — 239KB
• lbuy-20240331_cal.xml (EX-101.CAL) — 34KB
• lbuy-20240331_pre.xml (EX-101.PRE) — 194KB
• lbuy-20240331_def.xml (EX-101.DEF) — 113KB
• lbuy_10q_htm.xml (XML) — 473KB

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION Item 1. Unaudited Interim Condensed 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 15 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 20 Item 4.

Controls and Procedures

Controls and Procedures 20

– OTHER INFORMATION

PART II – OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 21 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 21 Item 3. Defaults Upon Senior Securities 21 Item 4. Mine Safety Disclosures 21 Item 5. Other Information 21 Item 6. Exhibits 22

SIGNATURES

SIGNATURES 23 2 Table of Contents

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION

Interim Condensed Financial Statements

Item 1. Interim Condensed Financial Statements The unaudited interim condensed financial statements of Leafbuyer Technologies, Inc. ("we", "our", "us", the "Company") follow. All currency references in this report are to US dollars unless otherwise noted.

Financial Information

PART I. Financial Information

Financial Statements

Item 1. Financial Statements LEAFBUYER TECHNOLOGIES INC. UNAUDITED CONDENSED BALANCE SHEETS March 31, 2024 June 30, 2023 ASSETS Current assets: Cash and cash equivalents $ 155,942 $ 445,721 Accounts receivable (net of allowance for doubtful accounts of $ 49,982 and $ 49,982 , respectively) 194,420 135,476 Prepaid expenses and other current assets 21,000 29,268 Total current assets 371,362 610,465 Noncurrent assets: Fixed assets and intangible assets, net 681,700 1,225,034 Total assets $ 1,053,062 $ 1,835,499 LIABILITIES AND STOCKHOLDERS' DEFICIT Current liabilities: Accounts payable $ 227,769 $ 308,840 Accrued liabilities 1,074,524 1,165,815 Deferred revenue 14,252 10,029 Debt, related party (Note 10) 172,817 107,817 Debt 893,802 1,043,802 Total current liabilities 2,383,164 2,636,303 Debt, net of current portion 456,134 478,067 Total liabilities 2,839,298 3,114,370 Commitments and contingencies (Note 7) - - Stockholders' Deficit: Convertible Preferred Stock, $ 0.001 par value; 10,000,000 shares authorized Convertible Preferred Stock Series A, $ 0.001 par value; 324,325 designated; 324,325 and 324,325 shares issued and outstanding at March 31, 2024 and June 30, 2023, respectively 324 324 Convertible Preferred Stock, $ 0.001 par value; 10,000,000 shares authorized Convertible Preferred Stock Series B, $ 0.001 par value; 27,027 designated; 7,568 and 7,568 shares issued and outstanding at March 31, 2024 and June 30, 2023, respectively 8 8 Common stock, $ 0.001 par value; 700,000,000 shares authorized; 100,071,075 shares issued and outstanding at March 31, 2024 and 99,428,575 shares issued and outstanding at June 30, 2023 100,070 99,428 Additional paid in capital ("APIC") 23,339,320 23,057,067 Accumulated deficit ( 25,225,958 ) ( 24,435,698 ) Total stockholders' deficit ( 1,786,236 ) ( 1,278,871 ) Total liabilities and stockholders' deficit

View Full Filing

View this 10-Q filing on SEC EDGAR