Tipmefast, Inc. Files Annual Report on Form 10-K for Fiscal Year Ended December 31, 2023

TL;DR

<b>Tipmefast, Inc. has filed its 2023 annual report on Form 10-K, detailing its business operations and financial standing.</b>

AI Summary

Tipmefast, Inc. (LUCN) filed a Annual Report (10-K) with the SEC on March 27, 2024. Tipmefast, Inc. filed its annual report on Form 10-K for the fiscal year ended December 31, 2023. The company is incorporated in Nevada and its primary SIC code is 7389 (Services-Business Services, NEC). The principal executive offices are located at Hashumura St 1, Zihron Ya'akov, Israel. The filing indicates the company is not a well-known seasoned issuer. The report covers the fiscal year from January 1, 2023, to December 31, 2023.

Why It Matters

For investors and stakeholders tracking Tipmefast, Inc., this filing contains several important signals. This 10-K filing provides a comprehensive overview of Tipmefast, Inc.'s financial performance and business activities for the fiscal year 2023, which is crucial for investors to assess the company's health and future prospects. As a public company, Tipmefast, Inc. is required to submit this annual report, ensuring transparency and compliance with SEC regulations, allowing stakeholders to make informed decisions.

Risk Assessment

Risk Level: low — Tipmefast, Inc. shows low risk based on this filing. The filing is a standard 10-K annual report and does not contain immediate red flags or significant negative financial disclosures within the provided header information.

Analyst Insight

Review the full 10-K filing for detailed financial statements, risk factors, and management's discussion and analysis to understand Tipmefast, Inc.'s performance and outlook.

Key Numbers

• 2023-12-31 — Fiscal Year End (The period covered by the 10-K report)
• 2024-03-27 — Filing Date (Date the 10-K was filed with the SEC)
• 000-56347 — Commission File Number (SEC identifier for the company)
• 7389 — SIC Code (Standard Industrial Classification for business services)

Key Players & Entities

• Tipmefast, Inc. (company) — Filer of the 10-K report
• SEC (regulator) — Recipient of the 10-K filing
• Byron Thomas, Esq. (person) — Agent for service and counsel
• Nevada (jurisdiction) — State of incorporation

FAQ

Industry Context

Tipmefast, Inc. operates within the business services sector, as indicated by its SIC code. This sector encompasses a wide range of services provided to other businesses.

Regulatory Implications

As a publicly traded company in the United States, Tipmefast, Inc. is subject to the reporting requirements of the Securities Exchange Act of 1934, including the annual filing of Form 10-K.

What Investors Should Do

1. Thoroughly review the financial statements and footnotes within the 10-K for a complete understanding of Tipmefast, Inc.'s financial health.
2. Analyze the 'Management's Discussion and Analysis of Financial Condition and Results of Operations' section for insights into the company's performance drivers and outlook.
3. Examine the 'Risk Factors' section to identify potential challenges and uncertainties facing Tipmefast, Inc.

Key Dates

• 2023-12-31: Fiscal Year End — Marks the end of the reporting period for the 10-K.
• 2024-03-27: 10-K Filing Date — Official date the annual report was submitted to the SEC.

Year-Over-Year Comparison

This is the initial 10-K filing information provided, so a comparison to a previous filing is not possible with the given data.

Key Financial Figures

• $500 — pay by GPS nearby, pay any amount up to $500; Option to send a message, connect or
• $15,345 — r ended December 31, 2023 and 2022 were $15,345 and $15,000 respectively. Operating exp
• $15,000 — mber 31, 2023 and 2022 were $15,345 and $15,000 respectively. Operating expenses for th
• $7,275 — 2023 consisted of professional fees of $7,275 and general and administrative expenses
• $8,070 — general and administrative expenses of $8,070. Operating expenses for the year ended
• $7,000 — 2022 consisted of professional fees of $7,000 and general and administrative expenses
• $8,000 — general and administrative expenses of $8,000. Net Loss During the year ended Dece
• $0 — , 2023 and 2022, we had total assets of $0. At December 31, 2023 and 2022, our to
• $33,065 — 23 and 2022, our total liabilities were $33,065 and $17,720 respectively. 3 Cash flow
• $17,720 — our total liabilities were $33,065 and $17,720 respectively. 3 Cash flows from opera
• $9,550 — cash used in operating activities was ($9,550) for the year ended December 31, 2023 a
• $13,880 — r the year ended December 31, 2023 and ($13,880) for the year ended December 2022 Cash
• $5,800 — or the year ended December 31, 2023 and $5,800 for the year ended December 2022 Cash

Filing Documents

• tmef-20231231.htm (10-K) — 280KB
• tmef_ex311.htm (EX-31.1) — 7KB
• tmef_ex312.htm (EX-31.2) — 7KB
• tmef_ex321.htm (EX-32.1) — 3KB
• tmef_ex322.htm (EX-32.2) — 3KB
• tmef10k_1.jpg (GRAPHIC) — 5KB
• 0001393905-24-000096.txt (&nbsp;) — 1459KB
• tmef-20231231_cal.xml (EX-101.CAL) — 11KB
• tmef-20231231_def.xml (EX-101.DEF) — 18KB
• tmef-20231231_lab.xml (EX-101.LAB) — 81KB
• tmef-20231231_pre.xml (EX-101.PRE) — 74KB
• tmef-20231231.xsd (EX-101.SCH) — 18KB
• tmef-20231231_htm.xml (XML) — 100KB

Business

Item 1. Business 1

Risk Factors

Item 1A. Risk Factors 1

Unresolved Staff Comments

Item 1B. Unresolved Staff Comments 2

Properties

Item 2. Properties 2

Legal Proceedings

Item 3. Legal Proceedings 2

Safety Disclosures

Item 4. Safety Disclosures 2 PART II

Market For Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

Item 5. Market For Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 2

Selected Financial Data

Item 6. Selected Financial Data 3

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

Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations 3

Quantitative and Qualitative Disclosures About Market Risk

Item 7A. Quantitative and Qualitative Disclosures About Market Risk 4

Financial Statements and Supplementary Data

Item 8. Financial Statements and Supplementary Data 4

Changes In and Disagreements with Accountants on Accounting and Financial Disclosure

Item 9. Changes In and Disagreements with Accountants on Accounting and Financial Disclosure 13

Controls and Procedures

Item 9A. Controls and Procedures 13

Other Information

Item 9B. Other Information 14 PART III

Directors, Executive Officers, And Corporate Governance

Item 10. Directors, Executive Officers, And Corporate Governance 14

Executive Compensation

Item 11. Executive Compensation 14

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

Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 15

Certain Relationships and Related Transactions, and Director Independence

Item 13. Certain Relationships and Related Transactions, and Director Independence 15

Principal Accounting Fees and Services

Item 14. Principal Accounting Fees and Services 16 PART IV

Exhibits, Financial Statement Schedules

Item 15. Exhibits, Financial Statement Schedules 16

Signatures

Signatures 17 iii

FORWARD-LOOKING STATEMENTS

FORWARD-LOOKING STATEMENTS This report includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. All statements other than statements of historical facts are "forward-looking statements" for purposes of these provisions, including any projections of earnings, revenues or other financial items, any statement of the plans and objectives of management for future operations, any statements concerning proposed new products or strategic arrangements, any statements regarding future economic conditions or performance, and any statement of assumptions underlying any of the foregoing. In some cases, forward-looking statements can be identified by the use of terminology such as "may," "will," "expects," "plans," "anticipates," "estimates," "potential," "intends", or "continue" or the negative thereof or other comparable terminology. Although the Company and its management believe that the expectations reflected in the forward-looking statements contained herein are reasonable, there can be no assurance that such expectations or any of the forward-looking statements will prove to be correct, and actual results could differ materially from those projected or assumed in the forward-looking statements. The Company's future financial condition and results of operations, as well as any forward-looking statements, are subject to inherent risks and uncertainties, including but not limited to the Risk Factors set forth under Item 1A, and for the reasons described elsewhere in this report. All forward-looking statements and reasons why results may differ included in this report are made as of the date hereof, and we assume no obligation to update these forward-looking statements or reasons why actual results might differ. iv PART I

Business

Item 1. Business Overview The Company was formed on December 5, 2017 in the State of Nevada as a "C" corporation. Business Strategy TipMeFast, Inc., (the company) is a Nevada "C" Corporation created to be the simplest way to get paid or pay anyone from a mobile device. With this application you can pay a bartender, barista, server, musician, valet attendant, concierge, traveling pet groomer, nail technician or pool service but have no cash. TipMeFast, Inc. is a solution to pay and to get paid without exchanging personal information. TipMeFast allows the user to: pay anonymously with a tap of a finger: Simply find the user code you want to tip or pay by GPS nearby, pay any amount up to $500; Option to send a message, connect or chat conversation with your old (and new) favorite service professionals; The receivers tips can customize an auto-reply message to let favorite patrons know the latest news, band or business. How it works: Sign up for free & create an account to pay and get paid Find users, pay and send ratings with personalized message Start a private chat after payment with your favorite service professional or artists TipMeFast App uses data encryption to protect your financial information; we do not share any of it or sell it. It is the simplest way to get paid or pay anyone from a mobile device. The app is extremely safe with beyond bank grade IT security. The data is encrypted, the app has a PIN and Touch ID and no sensitive user data (SSN, bank account or credit card information, etc.) is never stored on the device or on the TipMeFast servers. These features and functions have not been actually completed or in a prototype, and may not be available when our mobile application is brought to market. Our executive offices are located at HaShmura St. 1, ZihronYa'akov, Israel. Our telephone number is 972-373-70057. Marketing The Company will begin its marketing program online where our potential customers are most probably able an

Risk Factors

Item 1A. Risk Factors. We are a smaller reporting company as defined by Rule 12b-2 of the Exchange Act and are not required to provide the information under this item.

Unresolved Staff Comments

Item 1B. Unresolved Staff Comments. As of December 31, 2023, there are no unresolved Staff Comments.

Properties

Item 2. Properties. We currently lease office space at HaShmura St. 1, ZihronYa'akov, Israel, as our principal offices. We believe these facilities are in good condition, but that we may need to expand our leased space as our research and development efforts increase.

Legal Proceedings

Item 3. Legal Proceedings. There are no legal actions pending against us nor any legal actions contemplated by us at this time.

Mine Safety Disclosures

Item 4. Mine Safety Disclosures Not Applicable. PART II

Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities. Market for Common Equity No public market currently exists for shares of our common stock. Our common stock is eligible for quotation on the Over-the-Counter Bulletin Board . There have been no quotes of our common stock during the two most recent fiscal years and subsequent interim periods for which financial statements are included herein. Accordingly, there is no current quote price for the stock. The Company has no equity compensation plans and there are no shares of common stock issuable upon the exercise of outstanding options or warrants to purchase, or securities convertible into, common stock of the Company. Other than the registered offering for shareholders pursuant to Registration No. 333-222880, there is no common equity being, or publicly proposed to be, publicly offered by the Company, the offering of which could have a material effect on the market price of the Company's common equity. Holders As on December 31, 2023, the Company had 5,600,000 shares of our common stock issued and outstanding held by 30 share holders Dividend Policy We have never declared or paid any dividends on our common stock. We currently expect to retain all available funds and future earnings, if any, for use in the operation and growth of our business and do not anticipate paying any cash dividends in the foreseeable future. Any future determination to pay dividends will be at the discretion of our Board, subject to compliance with applicable law and any contractual provisions, including under any agreements for indebtedness we may incur, that restrict or limit our ability to pay dividends, and will depend upon, among other factors, our results of operations, financial condition, earnings, capital requirements and other factors that our Board deems relevant. 2 Securities Authorized for Issuance under Equity Compensation Plans: The Company does no

Selected Financial Data

Item 6. Selected Financial Data. The Index to Financial Statements and Schedules appears on page 5. The Report of Independent Registered Public Accounting Firm appears on page F-1, and the Financial Statements and Notes to Financial Statements appear beginning on page F-3.

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

Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations The following discussion of our financial condition and results of operations should be read in conjunction with our financial statements and the related notes, and other financial information contained in this prospectus. Going Concern The future of our company is dependent upon its ability to obtain financing and upon future profitable operations from the sale of products and services through our websites. Management has plans to seek additional capital through a private placement and public offering of its common stock, if necessary. Our auditors have expressed a going concern opinion which raises substantial doubts about the Issuers ability to continue as a going concern. Plan of Operations As discussed above we have not yet operated pursuant to our business plan. We have generated no revenue in December 31, 2023 and 2022. Comparison of the years ended December 31, 2023 and 2022 Lack of Revenues We have limited operational history. During the year ended December 31, 2023 and 2022 we have not generated any revenue. We anticipate that we will incur substantial losses for the foreseeable future and our ability to generate any revenues in the next 12 months continues to be uncertain. Operating Expenses The Company's operating expenses for the year ended December 31, 2023 and 2022 were $15,345 and $15,000 respectively. Operating expenses for the year ended December 31, 2023 consisted of professional fees of $7,275 and general and administrative expenses of $8,070. Operating expenses for the year ended December 2022 consisted of professional fees of $7,000 and general and administrative expenses of $8,000. Net Loss During the year ended December 31, 2023 and 2022 the Company recognized net losses of $15,345 and $15,000. Liquidity and Capital Resources Our capital resources have been acquired through the sale of shares of our common stock and loans from s

Quantitative and Qualitative Disclosures about Market Risk

Item 7A. Quantitative and Qualitative Disclosures about Market Risk. Not Applicable to Smaller Reporting Companies.

Financial Statements and Supplementary Data

Item 8. Financial Statements and Supplementary Data. TIPMEFAST, INC. TABLE OF CONTENTS DECEMBER 31, 2023 Page

Financial Statements

Financial Statements Report of Independent Registered Public Accounting Firm F-1 Balance Sheets as of December 31, 2023 and 2022 F-3 F-4 F-5 F-6

Notes to Financial Statements

Notes to Financial Statements F-7 4 Report of Independent Registered Public Accounting Firm To the Board of Directors and Shareholders Tipmefast, Inc. Opinion on the Financial Statements We have audited the accompanying balance sheets of Tipmefast, Inc. as of December 31, 2023, and the related statements of operations, stockholders' equity, and cash flows for the year then ended, and the related notes (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of Tipmefast, Inc. as of December 31, 2023, and the results of its operations and its cash flows for the year ended December 31, 2023, in conformity with accounting principles generally accepted in the United States of America. The balance sheets of Tipmefast, Inc. as of December 31, 2022, and the related statements of operations, stockholders' equity, and cash flows for the year then ended were audited by other auditors. Those auditors expressed an unqualified opinion on those financial statements in their report dated May 5, 2022. Basis for Opinion These financial statements are the responsibility of the entity's management. Our responsibility is to express an opinion on these financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) ("PCAOB") and are required to be independent with respect to Tipmefast, Inc. in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB. We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. Tipmefast, Inc. is not required to have, nor were we engaged to perform, an audit o

Notes to Financial Statements

Notes to Financial Statements December 31, 2023 NOTE 1 - ORGANIZATION AND NATURE OF BUSINESS TipMeFast, Inc. ("the Company", "we", "us" or "our") was incorporated on December 5, 2017 in the State of Nevada. The Company was created to be the simplest way to get paid or pay anyone from a mobile device. With this application you can pay a bartender, barista, server, musician, valet attendant, concierge, traveling pet groomer, nail technician or pool service but have no cash. The Company is a solution to pay and to get paid without exchanging personal information. Our executive offices are located at HaShmura St. 1, ZihronYa'akov, Israel. NOTE 2 - GOING CONCERN The accompanying financial statements have been prepared in conformity with generally accepted accounting principles, which contemplate continuation of the Company as a going concern. As a development-stage company, the Company had no revenues and incurred losses as of December 31, 2023. The Company currently has limited working capital and has not completed its efforts to establish a stabilized source of revenues sufficient to cover operating costs over an extended period of time. Management anticipates that the Company will be dependent, for the near future, on additional investment capital to fund operating expenses. The Company intends to position itself so that it will be able to raise additional funds through the capital markets. In light of management's efforts, there are no assurances that the Company will be successful in this or any of its endeavors or become financially viable and continue as a going concern. NOTE 3 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America, and pursuant to the rules and regulations of the Securities and Exchange Commission (the "SEC") and reflect all adjustments, consisting of normal recurring adju

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