NightFood Holdings Files 10-Q for Q3 2024

TL;DR

NightFood Holdings filed its 10-Q for the quarter ending 9/30/24. Check financials.

AI Summary

NightFood Holdings, Inc. filed its 10-Q for the quarterly period ended September 30, 2024. The company, incorporated in Nevada, operates in the sugar & confectionery products industry. Its principal executive offices are located in Tarrytown, New York.

Why It Matters

This filing provides investors with an update on NightFood Holdings' financial performance and operational status for the third quarter of 2024.

Risk Assessment

Risk Level: low — This is a standard quarterly filing (10-Q) and does not inherently present new risks.

Key Numbers

• 000-55406 — Commission File Number (Identifies the specific filing with the SEC)

Key Players & Entities

• NightFood Holdings, Inc. (company) — Registrant
• September 30, 2024 (date) — Quarterly period end date
• Nevada (jurisdiction) — State of incorporation
• Tarrytown, New York (location) — Principal executive offices
• 000-55406 (identifier) — Commission File Number

FAQ

Key Financial Figures

• $0.20 — rant's common stock (one share for each $0.20 of liquidation preference) (the "Conver

Filing Documents

• ea0227342-10q_nightfood.htm (10-Q) — 931KB
• ea022734201ex31-1_nightfood.htm (EX-31.1) — 13KB
• ea022734201ex32-1_nightfood.htm (EX-32.1) — 5KB
• 0001213900-25-003095.txt ( ) — 7154KB
• ngtf-20240930.xsd (EX-101.SCH) — 75KB
• ngtf-20240930_cal.xml (EX-101.CAL) — 35KB
• ngtf-20240930_def.xml (EX-101.DEF) — 396KB
• ngtf-20240930_lab.xml (EX-101.LAB) — 559KB
• ngtf-20240930_pre.xml (EX-101.PRE) — 393KB
• ea0227342-10q_nightfood_htm.xml (XML) — 785KB

Financial Statements (Unaudited)

Financial Statements (Unaudited) 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. 29 Item 3.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 34 Item 4.

Controls and Procedures

Controls and Procedures 34

– OTHER INFORMATION

PART II – OTHER INFORMATION Item 1. Legal Proceedings. 35 Item 1A. Risk Factors. 35 Item 2. U nregistered Sales of Equity Securities and Use of Proceeds. 35 Item 3. Defaults Upon Senior Securities. 35 Item 4. Mine Safety Disclosures. 35 Item 5. O ther Information. 35 Item 6. Exhibits. 36

Signatures

Signatures 38 i Nightfood Holdings, Inc.

Financial Statements

Item 1. Financial Statements Financial Condensed Consolidated Balance Sheets as of September 30, 2024 (Unaudited) and June 30, 2024 (Audited) 2 Unaudited Condensed Consolidated Statements of Operations for the three months ended September 30, 2024 and 2023 3 Unaudited Condensed Consolidated Statements of Changes in Stockholders' Equity (Deficit) for the three months ended September 30, 2024 and 2023 4 Unaudited Condensed Consolidated Statements of Cash Flows for the three months ended September 30, 2024 and 2023 5 Notes to Unaudited Condensed Consolidated Financial Statements 6 - 28 1 Nightfood Holdings, Inc. CONDENSED CONSOLIDATED BALANCE SHEETS September 30, June 30, 2024 2024 (Unaudited) (Audited) ASSETS Current assets: Cash and cash equivalents $ 293,523 $ 148,294 Accounts receivable 1,381 22,337 Inventory 20,882 25,808 Other current assets 71,696 107,161 Total current assets 387,482 303,600 Acquisition costs secured by promissory note 586,044 441,479 Indefinite-lived intangible assets 897,542 897,542 Total assets $ 1,871,068 $ 1,642,621 LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) Current liabilities: Accounts payable and accrued liabilities $ 1,333,493 $ 1,059,251 Accounts payable and accrued liabilities - related party 341,204 295,510 Convertible notes payable - net of discounts 3,909,159 3,442,987 Total current liabilities 5,583,856 4,797,748 Commitments and contingencies (Note 12) 370,200 278,200 Stockholders' equity (deficit): Series A Stock, $ 0.001 par value, 1,000,000 shares authorized 1,000 issued and outstanding as at September 30, 2024 and June 30, 2024 1 1 Series B Stock, $ 0.001 par value, 5,000 shares authorized 1,950 issued and outstanding as at September 30, 2024 and June 30, 2024 2 2 Series C Stock, $ 0.001 par value, 500,000 shares authorized 13,333 issued and outstanding as at September 30, 2024 and June 30, 2024 13 13 Serie

Financial Statements

Financial Statements The accompanying unaudited condensed consolidated financial statements of the Company have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission (the "SEC"), including the instructions to Form 10-Q and Regulation S-X. Certain information and note disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles in the United States of America ("U.S. GAAP"), have been condensed or omitted from these statements pursuant to such rules and regulations and, accordingly, they do not include all the information and notes necessary for comprehensive financial statements and should be read in conjunction with our audited financial statements included in our Annual Report on Form 10-K for the year ended June 30, 2024. In the opinion of the management of the Company, all adjustments, which are of a normal recurring nature, necessary for a fair statement of the results for the three and nine-month periods have been made. Results for the interim periods presented are not necessarily indicative of the results that might be expected for the entire fiscal year. Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Estimates are used in the determination of depreciation and amortization, the valuation for non-cash issuances of common stock, contingent consideration with respect to certain financing contracts, income taxes and other contingencies, as well as valuing warrants and preferred shares, among others. Cash and Cash Equivalents The Company classifies as

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View this 10-Q filing on SEC EDGAR