Livento Group, Inc. Files 10-Q for Period Ending March 31, 2024

TL;DR

<b>Livento Group, Inc. has filed its Q1 2024 10-Q report, detailing financial data and historical company name changes.</b>

AI Summary

Livento Group, Inc. (LIVG) filed a Quarterly Report (10-Q) with the SEC on May 6, 2024. Livento Group, Inc. filed a 10-Q report for the period ending March 31, 2024. The company's previous name was NuGene International, Inc., changed on January 27, 2015. Prior to that, the company was named Bling Marketing, Inc., with a name change date of December 5, 2013. The filing includes financial data for the quarters ending March 31, 2024, and March 31, 2023. Key financial statement elements such as Preferred Stock, Common Stock, Additional Paid In Capital, Retained Earnings, and Noncontrolling Interest are detailed for various periods.

Why It Matters

For investors and stakeholders tracking Livento Group, Inc., this filing contains several important signals. This 10-Q filing provides investors with the latest quarterly financial performance and position of Livento Group, Inc. Understanding the historical name changes (NuGene International, Inc., Bling Marketing, Inc.) is crucial for tracking the company's evolution and potential legacy issues.

Risk Assessment

Risk Level: low — Livento Group, Inc. shows low risk based on this filing. The filing is a standard 10-Q, providing routine financial disclosures without immediate red flags, indicating a low level of immediate risk from this specific document.

Analyst Insight

Review the detailed financial statements within the 10-Q to assess Livento Group's current financial health and operational performance.

Key Numbers

• 2024-03-31 — Period End Date (The reporting period for the 10-Q filing.)
• 2024-05-06 — Filing Date (The date the 10-Q was filed with the SEC.)
• 2015-01-27 — Name Change Date (Date Livento Group, Inc. changed from NuGene International, Inc.)
• 2013-12-05 — Name Change Date (Date NuGene International, Inc. changed from Bling Marketing, Inc.)

Key Players & Entities

• Livento Group, Inc. (company) — Filer of the 10-Q report.
• NuGene International, Inc. (company) — Former name of Livento Group, Inc.
• Bling Marketing, Inc. (company) — Previous former name of Livento Group, Inc.
• 2024-03-31 (date) — Conformed period of report for the 10-Q.
• 2024-05-06 (date) — Filed as of date for the 10-Q.

FAQ

Industry Context

Livento Group, Inc. operates in the prepackaged software industry, as indicated by its SIC code 7372.

Regulatory Implications

The filing is a Form 10-Q, a quarterly report required by the U.S. Securities and Exchange Commission (SEC) for publicly traded companies.

What Investors Should Do

1. Analyze the financial statements for revenue trends and profitability.
2. Investigate any disclosed footnotes for further details on financial instruments or commitments.
3. Compare Q1 2024 results with Q1 2023 to identify year-over-year performance changes.

Key Dates

• 2024-03-31: Quarterly Period End — End of the reporting period for the 10-Q.
• 2024-05-06: Filing Date — Date the 10-Q was officially submitted to the SEC.

Year-Over-Year Comparison

This filing is the Q1 2024 10-Q, providing updated financial information compared to previous filings.

Key Financial Figures

• $0.0001 — s registered: Common Stock, par value $0.0001 Name of each exchange on which regist

Filing Documents

• form10-q.htm (10-Q) — 473KB
• ex21-1.htm (EX-21.1) — 5KB
• ex31-1.htm (EX-31.1) — 17KB
• ex32-1.htm (EX-32.1) — 7KB
• 0001493152-24-017924.txt (&nbsp;) — 2782KB
• nugn-20240331.xsd (EX-101.SCH) — 21KB
• nugn-20240331_cal.xml (EX-101.CAL) — 50KB
• nugn-20240331_def.xml (EX-101.DEF) — 78KB
• nugn-20240331_lab.xml (EX-101.LAB) — 216KB
• nugn-20240331_pre.xml (EX-101.PRE) — 151KB
• form10-q_htm.xml (XML) — 275KB

From the Filing

UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________to________ Commission File Number: 000-56457 Livento Group, Inc. (Exact name of registrant as specified in its charter) Nevada 46-3999052 (State of incorporation) (I.R.S. Employer Identification No.) 17 +1 (980) 432-8241 (Address of principal executive offices) (Registrant's telephone number, including area code) NA (Former name, former address and former fiscal year, if changed since last report) Securities registered under Section 12(b) of the Act: Title of each class registered: None Name of each exchange on which registered: None Securities registered under Section 12(g) of the Act: Title of each class registered: Common Stock, par value $0.0001 Name of each exchange on which registered: None Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. for such shorter period that the registrant was required to submit and post such files). Yes No Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes No Indicate by check mark whether the registrant is a large, accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large, accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act. Large accelerated filer Accelerated filer non-accelerated filer Smaller reporting company Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes No APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PRECEDING FIVE YEARS: Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Sections 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court. Yes No APPLICABLE ONLY TO CORPORATE ISSUERS: Indicate the number of shares outstanding of each of the issuer's classes of common stock, as March 31, 2024: 831,200,562 . PART I—FINANCIAL INFORMATION Item 1. Financial Statements LIVENTO GROUP, INC., AND SUBSIDIARIES Condensed Consolidated Balance Sheet (Unaudited) As of Mar 31, 2023 As of Mar 31, 2024 ASSETS Current Assets Checking/Savings Cash 96,486 15,054 Total Checking/Savings $ 96,486 $ 15,054 Accounts Receivable 478,000 1,903,264 Other Current Assets Other Accounts Receivable 107,099 419,385 Inventories 0 0 Total Other Current Assets $ 107,099 $ 419,385 Total Current Assets $ 681,585 $ 2,337,704 Long Term Assets Long Term Investments 9,958,241 687,568 Property & Equipment 0 27,571 Goodwill 0 0 Intangible Assets 15,368,847 49,490,730 Other Assets 0 0 Deferred Long Term Asset Charges 0 0 Accumulated Amortization & Depreciation ( 2,811,352 ) ( 4,837,932 ) Total Fixed Assets $ 22,515,735 $ 45,367,938 TOTAL ASSETS $ 23,197,321 $ 47,705,641 LIABILITIES & EQUITY Liabilities Current Liabilities Accounts Payable 303,543 391,820 Credit Cards 0 0 Other Current Liabilities Other Payables 100 121,171 Derivative Liabilities 0 0 Notes Payable 0 0 Payroll Liabilities 0 0 Related Parties Payable 0 0 Total Other Current Liabilities 100 121,171 Total Current Liabilities $ 303,643 $ 512,991 Long-Term Liabilities Co-Investments 3,066,017 3,472,020 Long-Term Business Loans 0 26,383 Total Long-Term Liabilities $ 3,066,017 $ 3,498,403 Total Liabilities $ 3,369,660 $ 4,011,395 Equity Additional Paid in Capital 34,745,621 62,085,377 Capital Stock 0 0 Common Stock 24,800 83,120 Common Stock to Issue after AGM 0 0 Dividends Paid 0 0 Opening Balance Equity 0 0 0 0 Preferred Stock

View Full Filing

View this 10-Q filing on SEC EDGAR