Mag Mile Capital Files Q2 2024 10-Q

TL;DR

Mag Mile Capital's Q2 2024 10-Q is in. Check financials vs. last year.

AI Summary

Mag Mile Capital, Inc. filed its 10-Q for the period ending June 30, 2024. The filing details financial information for the second quarter and the first six months of 2024, comparing it to the same periods in 2023. The company, formerly known as Myson, Inc., is incorporated in Oklahoma and operates in the industrial process furnaces & ovens sector.

Why It Matters

This filing provides investors with a quarterly update on Mag Mile Capital's financial performance, including revenue, expenses, and balance sheet changes, which can influence investment decisions.

Risk Assessment

Risk Level: low — This is a routine quarterly filing with no immediate red flags or significant new disclosures that would suggest elevated risk.

Key Numbers

• Q2 2024 — Reporting Period (Financials for the second quarter of 2024 are detailed.)
• First Six Months of 2024 — Reporting Period (Financials for the first half of 2024 are detailed.)

Key Players & Entities

• Mag Mile Capital, Inc. (company) — Filer of the 10-Q
• Myson, Inc. (company) — Former name of Mag Mile Capital, Inc.
• 20240630 (date) — End of reporting period
• 20240819 (date) — Filing date

FAQ

Filing Documents

• form10-q.htm (10-Q) — 783KB
• ex31-1.htm (EX-31.1) — 16KB
• ex32-1.htm (EX-32.1) — 4KB
• 0001493152-24-033064.txt ( ) — 3501KB
• mmcp-20240630.xsd (EX-101.SCH) — 26KB
• mmcp-20240630_cal.xml (EX-101.CAL) — 42KB
• mmcp-20240630_def.xml (EX-101.DEF) — 117KB
• mmcp-20240630_lab.xml (EX-101.LAB) — 222KB
• mmcp-20240630_pre.xml (EX-101.PRE) — 184KB
• form10-q_htm.xml (XML) — 413KB

SIGNATURES

SIGNATURES 20 2 PART I – FINANCIAL INFORMATION Item 1. Financial Statements Condensed Balance Sheets as of June 30, 2024 (unaudited) and December 31, 2023 (audited) 4 Condensed Statements of Operations for the Three and Six Months ended June 30, 2024 and 2023 (unaudited) 5 Condensed Statements of Changes in Stockholders' Equity for the Three and Six Months ended June 30, 2024 and 2023 (unaudited) 6 Condensed Statements of Cash Flows for the Six Months ended June 30, 2024 and 2023 (unaudited) 7 Notes to Condensed Financial Statements (unaudited) 8 3 MAG MILE CAPITAL, INC. CONDENSED BALANCE SHEETS June 30, 2024 December 31, 2023 (Unaudited) ASSETS Current Assets: Cash $ 123,285 $ 56,222 Accounts receivable 372,500 — Draws against commissions 263,292 208,344 Prepaid stock compensation 185,000 185,000 Total Current Assets 944,077 449,566 Operating lease right of use asset 290,623 318,114 Property and equipment, net 3,021 15,971 Total other assets 293,644 334,085 Total Assets $ 1,237,721 $ 783,651 LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Accounts payable and accruals $ 111,214 $ 74,318 Loan payable 10,638 10,638 Loan payable – related party 90,000 90,000 Loan payable 90,000 90,000 Operating lease liability – current portion 66,665 55,036 Total Current Liabilities 278,517 229,992 Long Term Liabilities: Operating lease liability – net of current portion 287,987 297,529 Loan payable, net of current portion 139,362 139,362 Long Term Liabilities 427,349 436,891 Total Liabilities 705,866 666,883 Commitments and contingencies — — Stockholders' Equity (Deficit): Preferred stock, $ 0.00001 par value, 20,000,000 shares authorized — — Series A Preferred stock, $ 0.00001 par value, 1,000,000 shares designated, no shares issued and outstanding — — Preferred stock, value — — Common stock, $ 0.00001 par value, 480,000,000 shares au

View Full Filing

View this 10-Q filing on SEC EDGAR