Integrated Ventures, Inc. Files Q3 2024 10-Q

TL;DR

IVNT filed their 10-Q for Q3 2024. Check financials.

AI Summary

Integrated Ventures, Inc. filed a 10-Q for the period ending September 30, 2024. The company, formerly known as EMS FIND, INC. and LIGHTCOLLAR, INC., is incorporated in Nevada and operates in the Finance Services sector. Their business address is in Tioga, PA.

Why It Matters

This filing provides a quarterly update on Integrated Ventures, Inc.'s financial performance and operational status, which is crucial for investors to assess the company's health and future prospects.

Risk Assessment

Risk Level: medium — The company has a history of name changes and operates in a sector that can be volatile, requiring careful investor due diligence.

Key Numbers

• 750,000,000 — Authorized Shares (Indicates the total number of shares the company is authorized to issue.)
• 5,161,580 — Common Shares Outstanding (Represents the number of common shares currently held by investors.)
• 5,064,492 — Common Shares Outstanding (Previous Period) (Shows a comparison of common shares outstanding from a prior period.)

Key Players & Entities

• INTEGRATED VENTURES, INC. (company) — Filer
• EMS FIND, INC. (company) — Former Company Name
• LIGHTCOLLAR, INC. (company) — Former Company Name
• 09 Crypto Assets (company) — Organization Name
• 20240930 (date) — Period of Report
• 20241115 (date) — Filing Date

FAQ

Key Financial Figures

• $0.001 — 2(g) of the Exchange Act: Common Stock, $0.001 par value per share Title of each clas
• $103,410 — nt and recognized impairment expense of $103,410 and $0, respectively. Management has d
• $0 — ized impairment expense of $103,410 and $0, respectively. Management has determin

Filing Documents

• intv_10q.htm (10-Q) — 790KB
• intv_ex311.htm (EX-31.1) — 9KB
• intv_ex321.htm (EX-32.1) — 5KB
• 0001477932-24-007334.txt ( ) — 4233KB
• intv-20240930.xsd (EX-101.SCH) — 50KB
• intv-20240930_lab.xml (EX-101.LAB) — 280KB
• intv-20240930_cal.xml (EX-101.CAL) — 49KB
• intv-20240930_pre.xml (EX-101.PRE) — 229KB
• intv-20240930_def.xml (EX-101.DEF) — 132KB
• intv_10q_htm.xml (XML) — 574KB

: FINANCIAL INFORMATION

PART I: FINANCIAL INFORMATION Item 1.

Financial Statements

Financial Statements F-1 Item 2.

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

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

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 12 Item 4.

Controls and Procedures

Controls and Procedures 12 Item 1.

Legal Proceedings

Legal Proceedings 14 Item 1A.

Risk Factors

Risk Factors 14 Item 2. Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity Securities 14 Item 3. Defaults upon Senior Securities 14 Item 4. Mine Safety Disclosures 14 Item 5. Other Information 14 Item 6. Exhibits 15

SIGNATURES

SIGNATURES 16 2 Table of Contents

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION INDEX TO FINANCIAL STATEMENTS Page Condensed Consolidated Balance Sheets as of September 30, 2024 (unaudited) and June 30, 2024 F-2 Condensed Consolidated Statements of Operations for the Three Months Ended September 30, 2024 and 2023 (unaudited) F-3 Condensed Consolidated Statement of Stockholders' Equity for the Three Months Ended September 30, 2024 and 2023 (unaudited) F-4 Condensed Consolidated Statements of Cash Flows for Nine Months Ended September 30, 2024 and 2023 (unaudited) F-5 Notes to Condensed Consolidated Financial Statements as of September 30, 2024 (unaudited) F-6 F-1 Table of Contents INTEGRATED VENTURES, INC. CONDENSED CONSOLIDATED BALANCE SHEETS September 30, June 30, 2024 2024 (Unaudited) ASSETS Current assets: Cash $ 749,745 $ 57,815 Receivables 1,675 - Digital Assets 172,992 1,714,076 Prepaid expenses and other current assets 260,918 249,200 Deposits, Current 578,147 578,147 Total current assets 1,763,477 2,599,238 Other assets: Goodwill 670,329 - Property and equipment, net 761,333 1,343,453 Intangible assets, net 129,052 - Operating lease right-of-use assets 113,286 - Total other assets 1,674,000 1,343,453 TOTAL ASSETS $ 3,437,477 $ 3,942,691 LIABILITIES, MEZZANINE AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 976,985 $ 975,658 Accrued expenses 40,410 27,632 Accrued preferred stock dividends 2,133,081 2,133,081 Operating lease liability, current 16,500 - Due to related party 72,184 46,771 Notes payable in default, net of debt discount 500,000 500,000 Total current liabilities 3,739,160 3,683,142 Long Term Liabilities Sub-lease security deposit 7,500 - Operating lease liability, longterm 89,786 - Total Liabilities 3,836,446 3,683,142 Mezzanine: Series C preferred stock, $ 0.01 par value, 3,000 shares authorized, 1,125 shares issued and outstan

View Full Filing

View this 10-Q filing on SEC EDGAR