Linkhome Holdings Inc. Files Q3 2024 10-Q Report

TL;DR

Linkhome Holdings Inc. filed its 10-Q for Q3 2024, check it for latest financials.

AI Summary

Linkhome Holdings Inc. filed its 10-Q report for the quarterly period ended September 30, 2024. The company, incorporated in Nevada with its principal business address in Irvine, California, operates in the real estate agents and managers sector. This filing provides an update on the company's financial performance and operations for the specified quarter.

Why It Matters

This 10-Q filing provides investors and stakeholders with the latest financial and operational details for Linkhome Holdings Inc., crucial for assessing the company's performance and future prospects.

Risk Assessment

Risk Level: low — This filing is a standard quarterly report and does not contain immediate red flags or significant new risks.

Key Players & Entities

• Linkhome Holdings Inc. (company) — Filer of the 10-Q report
• September 30, 2024 (date) — End of the quarterly period reported
• 20250117 (date) — Filing date of the report
• Irvine, CA (location) — Business and mailing address city and state
• 626-829-2666 (phone_number) — Business phone number

FAQ

Key Financial Figures

• $0.001 — h registered Common Stock, Par Value $0.001 LHAI Not listed on any exchange current
• $0 — any had allowances for credit losses of $0 and $ 9,092 , respectively. Advance to

Filing Documents

• ea0227456-10q_linkhome.htm (10-Q) — 776KB
• ea022745601ex31-1_linkhome.htm (EX-31.1) — 11KB
• ea022745601ex31-2_linkhome.htm (EX-31.2) — 11KB
• ea022745601ex32_linkhome.htm (EX-32) — 5KB
• 0001213900-25-004681.txt ( ) — 4451KB
• lhai-20240930.xsd (EX-101.SCH) — 39KB
• lhai-20240930_cal.xml (EX-101.CAL) — 37KB
• lhai-20240930_def.xml (EX-101.DEF) — 179KB
• lhai-20240930_lab.xml (EX-101.LAB) — 310KB
• lhai-20240930_pre.xml (EX-101.PRE) — 191KB
• ea0227456-10q_linkhome_htm.xml (XML) — 477KB

Signatures

Signatures 41 i CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING Certain statements in this Quarterly Report on Form 10-Q are "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbor created thereby. All statements contained in this Quarterly Report on Form 10-Q other than statements of historical facts, including statements regarding our future results of operations and financial position, our business strategy and plans and our objectives for future operations, are forward-looking statements. The words "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "expect" and similar expressions are intended to identify forward-looking statements. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, short-term and long-term business operations and objectives, and financial needs. These forward-looking our Prospectus dated October 17, 2024 and in any subsequent filing we make with the SEC, as well as in any documents incorporated by reference that describe risks and factors that could cause results to differ materially from those projected in these forward-looking Moreover, we operate in a very competitive and rapidly changing environment. New risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. In light of these risks, uncertainties and assumptions, the future even

— FINANCIAL INFORMATION

PART I — FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements. LINKHOME HOLDINGS INC. AND SUBSIDIARY CONSOLIDATED BALANCE SHEETS AS OF SEPTEMBER 30, 2024 AND DECEMBER 31, 2023 September 30, December 31, 2024 2023 (Unaudited) Assets Current Assets Cash and cash equivalents $ 718,138 $ 651,911 Accounts receivable, net 1,454,000 392 Prepaid expense 12,000 25,008 Deferred IPO costs 624,218 - Total Current Assets 2,808,356 677,311 Noncurrent Assets Equipment, net 75,474 87,469 Operating lease right-of-use assets, net 40,071 70,930 Intangible asset 399 - Security deposits 6,235 4,235 Total Noncurrent Assets 122,179 162,634 Total Assets $ 2,930,535 $ 839,945 Liabilities and Stockholders' Equity Current Liabilities Accounts payable $ 37,616 $ 16,703 Auto loan payable, current 7,975 7,605 Operating lease liabilities, current 40,856 41,235 Other current liabilities 659,895 9,490 Due to related party 100,000 - Total Current Liabilities 846,342 75,033 Noncurrent Liabilities Auto loan payable, noncurrent 37,455 43,483 Operating lease liabilities, noncurrent - 29,980 Total Noncurrent Liabilities 37,455 73,463 Total Liabilities 883,797 148,496 Stockholders' Equity Preferred stock, $ 0.001 par value, 1,000,000 shares authorized, no shares issued and outstanding at September 30, 2024 and December 31, 2023 - - Common stock, $ 0.001 par value, 100,000,000 shares authorized, 14,505,000 and 13,500,000 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively 14,505 13,500 Paid-in capital 1,276,690 297,695 Retained earnings 755,543 380,254 Total Stockholders' Equity 2,046,738 691,449 Total Liabilities and Stockholders' Equity $ 2,930,535 $ 839,945 The accompanying notes are an integral part of these consolidated financial 1 LINKHOME HOLDINGS INC. AND SUBSIDIARY CONSOLIDATED STATEMENTS OF INCOME FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER

financial statements

financial statements. 2 LINKHOME HOLDINGS INC. AND SUBSIDIARY CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023 (UNAUDITED) Preferred stock Common stock Additional paid-in capital (capital Retained Total stockholder's Shares Amount Shares Amount deficiency) earnings equity Balance at July 1, 2024 - $ - 14,455,000 $ 14,455 $ 1,226,740 $ 471,434 $ 1,712,629 Common shares issued for equity financing - - 50,000 50 49,950 - 50,000 Net income - - - - - 284,109 284,109 Balance at September 30, 2024 - $ - 14,505,000 $ 14,505 $ 1,276,690 $ 755,543 $ 2,046,738 Balance at July 1, 2023 - $ - 13,500,000 $ 13,500 $ ( 5,305 ) $ 241,262 249,457 Dividend paid - - - - - ( 159 ) ( 159 ) Net income - - - - - 52,796 52,796 Balance at September 30, 2023 - $ - 13,500,000 $ 13,500 $ ( 5,305 ) $ 293,899 $ 302,094 The accompanying notes are an integral part of these consolidated financial 3 LINKHOME HOLDINGS INC. AND SUBSIDIARY CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023 (UNAUDITED) Preferred stock Common stock Additional paid-in capital (capital Retained Total stockholder's Shares Amount Shares Amount deficiency) earnings equity Balance at January 1, 2024 - $ - 13,500,000 $ 13,500 $ 297,695 $ 380,254 $ 691,449 Common shares issued for equity financing - - 1,005,000 1,005 978,995 - 980,000 Net income - - - - - 375,289 375,289 Balance at September 30, 2024 - $ - 14,505,000 $ 14,505 $ 1,276,690 $ 755,543 $ 2,046,738 Balance at January 1, 2023 - $ - 13,500,000 $ 13,500 $ ( 5,305 ) $ 250,215 $ 258,410 Dividend paid - - - - - ( 21,155 ) ( 21,155 ) Net income - - - - - 64,839 64,839 Balance at September 30, 2023 - $ - 13,500,000 $ 13,500 $ ( 5,305 ) $ 293,899 $ 302,0

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS NOTE 1 — ORGANIZATION AND DESCRIPTION OF BUSINESS Organization and Business Linkhome Holdings Inc. ("Linkhome", "Linkhome Holdings" or the "Company") was incorporated in the State of Nevada, U.S. on November 6, 2023 . The Company is a holding entity with no material operation of its own. Linkhome conducts substantially all of the operations through its fully owned subsidiary Linkhome Realty Group ("Linkhome Realty" or the "Subsidiary"), formerly known as Goldman Realty & Mortgage Inc.. Linkhome Realty was incorporated in the State of California, U.S. on July 13, 2021, and is engaged in real estate related activities including real estate purchases and sales through Cash Offer, and various real estate services, such as real estate agency service for buying and selling properties, property management, home renovation and mortgage referral services. On November 17, 2023, Linkhome Realty obtained the Company's real estate broker license, following the Company's Chief Executive Officer's ("CEO") receipt of his personal real estate broker license on August 8, 2023. On December 1, 2023, all the shareholders of Linkhome Realty transferred all of their ownerships in Linkhome Realty and exchanged for 13,500,000 shares of Linkhome Holdings, for which the CEO is the major shareholder. The transfer was considered as a reorganization of entities under common control. The consolidation of the Company and its subsidiary has been accounted for at historical cost and prepared on the basis as if the aforementioned transactions had become effective as of the beginning of the first period presented in the accompanying consolidated

financial statements

financial statements. NOTE 2 — SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation and Consolidation The accompanying consolidated

financial statements as of September 30, 2024 and for the three and nine months ended September 30, 2024 and 2023 have

financial statements as of September 30, 2024 and for the three and nine months ended September 30, 2024 and 2023 have been prepared in accordance with U.S. generally accepted accounting principles ("U.S. GAAP") and applicable rules and regulations of the Securities and Exchange Commission ("SEC") regarding consolidated financial reporting. The consolidated financial statements include the accounts of Linkhome Holdings and Linkhome Realty. All intercompany transactions and balances between the Company and its subsidiary have been eliminated upon consolidation. In the opinion of management, such financial information includes all adjustments (consisting only of normal recurring adjustments, unless otherwise indicated) considered necessary for a fair presentation of the Company's financial position at such date and the operating results and cash flows for such periods. Operating results for the three and nine months ended September 30, 2024 are not necessarily indicative of the results that may be expected for the entire year or for any other subsequent interim period. Emerging Growth Company The Company is an "emerging growth company," as defined in Section 2(a) of the Securities Act, as modified by the Jumpstart Our Business Startups Act of 2012 (the "JOBS Act"), and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act of 2002, reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and shareholder approval of any golden parachute payments not previously approved. Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required

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