Leafbuyer Technologies Q1 2025: $100M Assets, Minimal Liabilities

TL;DR

Leafbuyer Tech ($LBUI) Q1 2025: $100M assets, $0 liabilities, $0.12M revenue, $0 net loss. Cash $0.

AI Summary

Leafbuyer Technologies, Inc. filed a 10-Q for the period ending September 30, 2024. The company reported total assets of $100.07 million and total liabilities of $0.001 million. Revenue for the quarter was $0.12 million, with a net loss of $0.00 million. The company's cash and cash equivalents stood at $0.00 million.

Why It Matters

This filing provides a snapshot of Leafbuyer Technologies' financial health at the end of Q1 2025, highlighting its asset base and minimal debt.

Risk Assessment

Risk Level: medium — The company's minimal cash balance and net loss, despite significant assets, could indicate financial strain.

Key Numbers

• $100.07 million — Total Assets (Represents the company's total resources as of September 30, 2024.)
• $0.001 million — Total Liabilities (Indicates a very low level of debt or financial obligations.)
• $0.12 million — Revenue (The total income generated during the reported quarter.)
• $0.00 million — Net Loss (The company's financial performance resulted in no net loss for the quarter.)
• $0.00 million — Cash and Cash Equivalents (The amount of highly liquid assets available.)

Key Players & Entities

• LEAFBUYER TECHNOLOGIES, INC. (company) — Filer
• 0001643721 (company) — Central Index Key
• 8742 (company) — Standard Industrial Classification
• NV (company) — State of Incorporation
• 720-235-0099 (company) — Business Phone
• AP EVENT INC. (company) — Former Company Name
• 20150529 (date) — Date of Name Change
• 20240930 (date) — Period of Report End Date
• 20241119 (date) — Filing Date

FAQ

Key Financial Figures

• $600,000 — 30, 2024 March 2020 – Total loan of $600,000 with interest rate at 12% per annum due
• $50,000 — $ 100,000 April 2020 – Total loan of $50,000 with interest rate at 12% per annum due
• $65,000 — - 7,817 March 2024 – Total loan of $65,000 with interest rate at 12% per annum due
• $100,000 — 000 and in July 2022 the Company repaid $100,000 of the note balance. The note was in de
• $350,000 — ember and December 2017 – Total loan of $350,000 with no interest rate with maturity dat
• $150,000 — 150,000 February 2018 – Total loan of $150,000 with interest rate at 12% per annum wit

Filing Documents

• lbuy_10q.htm (10-Q) — 553KB
• lbuy_ex311.htm (EX-31.1) — 10KB
• lbuy_ex312.htm (EX-31.2) — 10KB
• lbuy_ex321.htm (EX-32.1) — 4KB
• lbuy_ex322.htm (EX-32.2) — 5KB
• 0001477932-24-007475.txt ( ) — 3563KB
• lbuy-20240930.xsd (EX-101.SCH) — 42KB
• lbuy-20240930_lab.xml (EX-101.LAB) — 243KB
• lbuy-20240930_cal.xml (EX-101.CAL) — 38KB
• lbuy-20240930_pre.xml (EX-101.PRE) — 213KB
• lbuy-20240930_def.xml (EX-101.DEF) — 123KB
• lbuy_10q_htm.xml (XML) — 457KB

– 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 18 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 22 Item 4.

Controls and Procedures

Controls and Procedures 22

– OTHER INFORMATION

PART II – OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 23 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 23 Item 3. Defaults Upon Senior Securities 23 Item 4. Mine Safety Disclosures 23 Item 5. Other Information 23 Item 6. Exhibits 24

SIGNATURES

SIGNATURES 25 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 CONSOLDIATED BALANCE SHEETS (Unaudited) September 30, 2024 (Unaudited) June 30, 2024 ASSETS Current assets: Cash and cash equivalents $ 231,381 $ 165,332 Accounts receivable (net of allowance for doubtful accounts of $ 117,009 and $ 90,151 , respectively) 91,031 83,480 Prepaid expenses and other current assets 7,229 21,208 Total current assets 329,641 270,020 Intangible assets, net 476,856 602,674 Other assets 1,000 1,000 Total assets $ 807,497 $ 873,694 LIABILITIES AND EQUITY (DEFICIT) Current liabilities: Accounts payable $ 144,356 $ 129,367 Accrued liabilities 967,026 934,279 Deferred revenue 6,962 11,140 Notes payable to related parties - 137,817 Notes payable 429,000 429,000 Notes payable to bank – EIDL loan 29,244 29,640 Convertible notes payable 464,802 464,802 Total current liabilities 2,041,390 2,136,045 Notes payable to bank – EIDL loan, net of current portion 412,268 419,183 Total liabilities 2,453,658 2,555,228 Commitments and contingencies (Note 10) Equity: Convertible Preferred Stock Series A, $ 0.001 par value; 324,325 designated; 324,325 and 324,325 shares issued and outstanding at September 30, 2024 and June 30, 2024, 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 September 30, 2024 and June 30, 2024, respectively 8 8 Common stock, $ 0.001 par value; 700,000,000 shares authorized; 100,071,075 shares issued and outstanding at September 30, 2024 and 100,071,075 shares issued and outstanding at June 30, 2024 100,070 100,070 Additional paid in capital 23,387,064 23,363,192 Accumulated deficit ( 25,133,627 ) ( 25,145,128 ) Total equity (deficit) ( 1,646,161 ) ( 1,681,

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View this 10-Q filing on SEC EDGAR