Nordicus Partners Corp. Files Q2 2025 10-Q
Ticker: NORD · Form: 10-Q · Filed: Nov 14, 2024 · CIK: 1011060
Sentiment: neutral
Topics: 10-Q, financials, management-consulting
TL;DR
Nordicus Partners Corp. 10-Q filed. Financials for Q2 2025 out.
AI Summary
Nordicus Partners Corp. filed its 10-Q for the period ending September 30, 2024. The filing details financial performance and operational updates for the company, which operates in the management consulting services sector. Specific financial figures and operational highlights are provided within the report.
Why It Matters
This filing provides investors and analysts with a quarterly update on Nordicus Partners Corp.'s financial health and strategic direction, crucial for understanding its current market position.
Risk Assessment
Risk Level: medium — As a publicly traded company, Nordicus Partners Corp. faces inherent market and operational risks detailed in its SEC filings.
Key Numbers
- 20240930 — Reporting Period End Date (Indicates the end of the fiscal quarter for which financial data is reported.)
- 20241114 — Filing Date (The date the 10-Q was officially submitted to the SEC.)
Key Players & Entities
- Nordicus Partners Corp. (company) — Filer of the 10-Q
- 20241114 (date) — Filing date of the 10-Q
- 20240930 (date) — End of the reporting period
- 8742 (number) — Standard Industrial Classification code for Management Consulting Services
- 508-523-3141 (phone_number) — Business phone number
FAQ
What is Nordicus Partners Corp.'s primary business activity?
Nordicus Partners Corp. is primarily involved in Services-Management Consulting Services, as indicated by its SIC code 8742.
What is the fiscal year end for Nordicus Partners Corp.?
The fiscal year end for Nordicus Partners Corp. is March 31 (0331).
What was the previous name of Nordicus Partners Corp.?
The company was formerly known as EKIMAS Corp, AdvanSource Biomaterials Corp, and CARDIOTECH INTERNATIONAL INC.
What is the SEC file number for Nordicus Partners Corp.?
The SEC file number for Nordicus Partners Corp. is 001-11737.
What is the address of Nordicus Partners Corp.'s principal executive offices?
The principal executive offices are located at 280 SOUTH BEVERLY DR., SUITE 505, BEVERLY HILLS, CA 90212.
Filing Stats: 4,616 words · 18 min read · ~15 pages · Grade level 16.7 · Accepted 2024-11-14 16:28:27
Key Financial Figures
- $0.001 — Section 12(g) of the Act: Common Stock, $0.001 par value per share Indicate by check
Filing Documents
- form10-q.htm (10-Q) — 710KB
- ex31-1.htm (EX-31.1) — 12KB
- ex31-2.htm (EX-31.2) — 12KB
- ex32-1.htm (EX-32.1) — 12KB
- 0001493152-24-045927.txt ( ) — 3684KB
- nord-20240930.xsd (EX-101.SCH) — 27KB
- nord-20240930_cal.xml (EX-101.CAL) — 38KB
- nord-20240930_def.xml (EX-101.DEF) — 151KB
- nord-20240930_lab.xml (EX-101.LAB) — 247KB
- nord-20240930_pre.xml (EX-101.PRE) — 210KB
- form10-q_htm.xml (XML) — 432KB
Notes to Consolidated Financial Statements (unaudited)
Notes to Consolidated Financial Statements (unaudited) 7 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 17 Item 3
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 21 Item 4
Controls and Procedures
Controls and Procedures 21 PART II OTHER INFORMATION 22 Item 1.
Legal Proceedings
Legal Proceedings 22 Item 1A.
Risk Factors
Risk Factors 22 Item 2 Unregistered Sales of Equity Securities and Use of Proceeds 22 Item 3 Defaults Upon Senior Securities 22 Item 4 Mine Safety Disclosures 22 Item 5 Other Information 22 Item 6 Exhibits 22
Signatures
Signatures 23 2 PART I - FINANCIAL INFORMATION Item 1. Unaudited Financial Statements NORDICUS PARTNERS CORPORATION AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS September 30, 2024 March 31, 2024 (unaudited) ASSETS Current assets: Cash $ 46,131 $ 49,933 Prepaid expenses and other current assets 72,338 — Total current assets 118,469 49,933 Website 10,014 7,640 Intangible assets 223,316 — Other assets 41,424 — Goodwill 18,641,985 — Investment in Mag Mile Capital, Inc. 1,750,000 1,750,000 Total Assets $ 20,785,208 $ 1,807,573 LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Accounts payable and accrued expenses $ 145,368 $ 5,019 Deferred revenue 7,500 7,500 Related party payable — 13,886 Total current liabilities 152,868 26,405 Total Liabilities 152,868 26,405 Commitments and contingencies - - Stockholders' equity: Common stock; $ 0.001 par value; 50,000,000 shares authorized; 4,965,626 and 1,110,226 shares issued and outstanding at September 30, 2024 and March 31, 2024, respectively 4,966 1,110 Treasury stock; 154 shares at cost ( 30,328 ) ( 30,328 ) Additional paid-in capital 64,333,434 45,696,761 Accumulated other comprehensive loss 13,693 ( 2,848 ) Accumulated deficit ( 44,642,481 ) ( 43,883,527 ) Total equity attributed to the parent 19,679,284 1,781,168 Non-controlling interest 953,056 — Total stockholders' equity 20,632,340 1,781,168 Total Liabilities and Stockholders' Equity $ 20,785,208 $ 1,807,573 The accompanying notes are an integral part of these unaudited consolidated financial statements. 3 NORDICUS PARTNERS CORPORATION AND SUBSIDIARIES CONSOLIDATED (Unaudited) Three Months Ended Six Months Ended September 30, September 30, 2024 2023 2024 2023 Revenue $ 2,500 $ — $ 2,500 $ — Operating expenses: Officer compensation 49,104 30,593 98,546 57,593 Professional fees 46,4