Integrated Ventures, Inc. Files 10-K/A Amendment for Fiscal Year Ended June 30, 2023

TL;DR

<b>Integrated Ventures, Inc. has filed an amended 10-K report for the fiscal year ending June 30, 2023.</b>

AI Summary

INTEGRATED VENTURES, INC. (MWAI) filed a Amended Annual Report (10-K/A) with the SEC on May 10, 2024. Integrated Ventures, Inc. filed a 10-K/A amendment on May 10, 2024, for the fiscal year ending June 30, 2023. The company's fiscal year end is June 30. The filing indicates a total of 57 public documents were submitted. The company was formerly known as EMS FIND, INC. and LIGHTCOLLAR, INC. The business and mailing address is 18385 ROUTE 287, TIOGA, PA 16946.

Why It Matters

For investors and stakeholders tracking INTEGRATED VENTURES, INC., this filing contains several important signals. This amended filing provides updated or corrected information for the fiscal year 2023, which is crucial for investors to have the most accurate financial and operational data. The multiple former company names and name change dates suggest a history of corporate restructuring or rebranding, which could be relevant for understanding the company's evolution and potential legacy issues.

Risk Assessment

Risk Level: low — INTEGRATED VENTURES, INC. shows low risk based on this filing. The filing is an amendment (10-K/A), which typically indicates corrections or additions to a previously filed document, rather than new, significant business developments. The provided data does not highlight any immediate financial distress or major operational shifts.

Analyst Insight

Review the specific amendments in the 10-K/A filing to understand what information was corrected or added for the fiscal year ending June 30, 2023.

Financial Highlights

revenue

6000000

total Assets

902633

total Debt

1000000

net Income

1657973

eps

0.01

revenue Growth

0.01

Key Numbers

• 2023-06-30 — Fiscal Year End (Conformed period of report)
• 2024-05-10 — Filing Date (Filed as of date)
• 57 — Public Document Count (Total number of documents in the filing)
• 000-55681 — SEC File Number (SEC file number for the company)

Key Players & Entities

• INTEGRATED VENTURES, INC. (company) — Filer name
• EMS FIND, INC. (company) — Former company name
• LIGHTCOLLAR, INC. (company) — Former company name
• 2023-06-30 (date) — Fiscal year end
• 2024-05-10 (date) — Filing date
• TIOGA, PA (location) — Business address

FAQ

Industry Context

The company operates in the Finance Services sector, SIC code 6199.

Regulatory Implications

The filing is a 10-K/A, an amended annual report under the Securities Exchange Act of 1934.

What Investors Should Do

1. Examine the specific changes and additions made in this 10-K/A filing compared to the original 10-K.
2. Analyze the financial figures provided, such as revenue and net income, in the context of the company's overall financial health.
3. Research the company's history, including its former names and any significant corporate events, to understand its business trajectory.

Key Dates

• 2023-06-30: Fiscal Year End — End of the reporting period for the 10-K/A filing.
• 2024-05-10: Filing Date — Date the 10-K/A amendment was filed with the SEC.

Year-Over-Year Comparison

This is an amended filing (10-K/A), indicating updates or corrections to previously submitted information for the fiscal year ending June 30, 2023.

Key Financial Figures

• $0.001 — 2(g) of the Exchange Act: Common Stock, $0.001 par value per share Title of each clas
• $26,500 — y. Today, assuming Bitcoin is valued at $26,500, the network requires the computing pow
• $0.30 — ssuance at an initial exercise price of $0.30 per share, subject to certain adjustmen
• $0 — 22 reduce the exercise price thereof to $0.001, subject to adjustment therein, and
• $16,000 — ost recent trading range for Bitcoin is $16,000 to $30,000. Other cryptocurrencies have
• $30,000 — trading range for Bitcoin is $16,000 to $30,000. Other cryptocurrencies have experience
• $3,862,849 — r cryptocurrency mining operations were $3,862,849 and $4,871,473 for the years ended June
• $4,871,473 — y mining operations were $3,862,849 and $4,871,473 for the years ended June 30, 2023 and 2
• $1,678,660 — o currency mining equipment were $0 and $1,678,660 for the years ended June 30, 2023 and 2
• $447,425 — our digital currencies at cost totaled $447,425 and were comprised of multiple denomina

Filing Documents

• intv_10ka.htm (10-K/A) — 1036KB
• intv_ex311.htm (EX-31.1) — 12KB
• intv_ex321.htm (EX-32.1) — 4KB
• intv_10kaimg3.jpg (GRAPHIC) — 9KB
• 0001477932-24-002700.txt (&nbsp;) — 4062KB
• intv-20230630.xsd (EX-101.SCH) — 48KB
• intv-20230630_lab.xml (EX-101.LAB) — 274KB
• intv-20230630_cal.xml (EX-101.CAL) — 44KB
• intv-20230630_pre.xml (EX-101.PRE) — 217KB
• intv-20230630_def.xml (EX-101.DEF) — 125KB
• intv_10ka_htm.xml (XML) — 406KB

Business

Business 4 Item 1A.

Risk Factors

Risk Factors 7 Item 1B. Unresolved Staff Comments 15 Item 2.

Properties

Properties 15 Item 3.

Legal Proceedings

Legal Proceedings 15 Item 4. Mine Safety Disclosures 15 PART II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 16 Item 6. Reserved 17 Item 7.

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

Management's Discussion and Analysis of Financial Condition and Results of Operations 17 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 24 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 25 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 45 Item 9A.

Controls and Procedures

Controls and Procedures 45 Item 9B. Other Information 45 PART III Item 10. Directors, Executive Officers and Corporate Governance 46 Item 11.

Executive Compensation

Executive Compensation 47 Item 12.

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

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 48 Item 13. Certain Relationship and Related Transactions, and Director Independence 50 Item 14. Principal Accountant Fees and Services 50 PART IV Item 15. Exhibits and Financial Statement Schedules 51 Item 16. Form 10-K/A Summary 51 2 Table of Contents

Forward-Looking Statements

Forward-Looking Statements All statements in this Annual Report on Form 10-K/A, other than historical fact or present financial information, may be deemed to be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). All statements that address activities, outcomes and other matters that should or may occur in the future, including, without limitation, statement regarding the financial position, business strategy, growth, projections and other plans and objectives for our future operations, are forward-looking statements. Although we believe the expectations expressed in such forward-looking statements, they are no guarantees of future performance. We have no obligation and make no undertaking to publicly update or revise any forward-looking statements, except as may be required by law. Forward-looking statements include the items identified in the preceding paragraph, information concerning possible or assumed future results of operations and other statements in this Annual Report on Form 10-K/A, and can be identified by terminology such as "may," "will," "should," "expects," "intend," "anticipates," "believes," "could," "estimates," "plans," "potential," "predicts," "project," or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Readers of this Annual Report on Form 10-K/A should carefully consider such risks, uncertainties and other information, disclosures and discussions which contain cautionary statements identifyi

Business

Item 1. Business. We were incorporated in the State of Nevada on March 22, 2013 under the name Lightcollar, Inc. On March 22, 2015, we changed our name to EMS Find, Inc., and in July 2017, we changed our name to Integrated Ventures, Inc. We have discontinued our prior operations and changed our business focus from our prior technologies relating to the EMS Find platform to acquiring, launching, and operating companies in the cryptocurrency sector, mainly in digital currency mining and sales of branded mining rigs. Our offices are located at 18385 Route 287, Tioga, PA 16946. As of June 30, 2023, the Company owned a total of approximately 2,427 miners in two locations, Tioga, Pennsylvania and Granbury, Texas. During a prior year and due to PetaWatt's financial difficulties, the Company discontinued its cryptocurrency mining operations in New York. All mining equipment previously operating in New York has been relocated to Tioga, Pennsylvania. During the prior and current years, new Bitmain miners were delivered to Tioga, Pennsylvania, Kearney, Nebraska, and Granbury, Texas. All miners located in Kearney, Nebraska were relocated to Granbury, Texas during the current year. The miners located in Granbury, Texas were connected and placed into service as of January 1, 2023. The Company will need to continue to (1) raise capital to purchase new mining equipment, (2) sell older and no longer profitable models, and (3) expand cryptocurrency mining equipment to new locations. Cryptocurrency Mining Digital tokens are built on a distributed ledger infrastructure often referred to as a "blockchain." These tokens can provide various rights, and cryptocurrency is a type of digital token, designed as a medium of exchange. Other digital tokens provide rights to use assets or services, or in some cases represent ownership interests. Cryptocurrencies, for example Bitcoin, are digital software that run on a blockchain platform, which is a decentralized, immutable ledger of tran

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View this 10-K/A filing on SEC EDGAR