Natics Corp. Files Q3 2024 10-Q

TL;DR

Natics Corp. 10-Q filed for 7/31/24. Financials updated.

AI Summary

Natics Corp. filed its 10-Q for the period ending July 31, 2024. The filing details the company's financial performance and position, with specific financial data points and dates provided for various reporting periods. The company is incorporated in Wyoming and operates in the computer processing and data preparation sector.

Why It Matters

This filing provides investors and analysts with the latest financial snapshot of Natics Corp., crucial for understanding its current performance and future prospects.

Risk Assessment

Risk Level: low — The filing is a standard quarterly report with no immediate red flags or significant negative events indicated.

Key Numbers

• 2024-07-31 — Reporting Period End Date (Indicates the end of the fiscal quarter covered by the report.)
• 2024-08-22 — Filing Date (The date the 10-Q was officially submitted to the SEC.)
• 2024-05-01 — Reporting Period Start Date (Marks the beginning of the fiscal quarter.)

Key Players & Entities

• Natics Corp. (company) — Filer of the 10-Q
• 20240731 (date) — End of the reporting period
• Wyoming (location) — State of incorporation
• 7374 (industry_code) — Standard Industrial Classification for Services-Computer Processing & Data Preparation

FAQ

Key Financial Figures

• $0.0001 — – $ – $ – Shares issued for cash at $0.0001 per share on February 21, 2022 3,000,0
• $0.01 — $ ( 17,304 ) Sale of common stock at $0.01 per share as of January 31, 2023 1,840
• $14,796 — he three months ended July 31, 2024 was $14,796. Operating expenses consist of mainly p
• $12,920 — ended July 31, 2023, we have generated $12,920 revenue. Our net loss for the three mo
• $660 — he three months ended July 31, 2023 was $660. Operating expenses consist of mainly p
• $43,322 — of July 31, 2024, our total assets were $43,322 consisting of escrow account and Mobile
• $2,151 — flows used in investing activities was $2,151 for both periods. Plan of Operation an

Filing Documents

• natics_i10q-073124.htm (10-Q) — 315KB
• natics_ex3101.htm (EX-31.1) — 12KB
• natics_ex3201.htm (EX-32.1) — 5KB
• 0001683168-24-005952.txt ( ) — 1866KB
• none-20240731.xsd (EX-101.SCH) — 14KB
• none-20240731_cal.xml (EX-101.CAL) — 21KB
• none-20240731_def.xml (EX-101.DEF) — 40KB
• none-20240731_lab.xml (EX-101.LAB) — 159KB
• none-20240731_pre.xml (EX-101.PRE) — 132KB
• natics_i10q-073124_htm.xml (XML) — 135KB

Financial Statements (Unaudited)

Financial Statements (Unaudited) 3 Balance Sheets 4 5 6 7 Notes to the Financial Statements 8 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 13 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 15 Item 4.

Controls and Procedures

Controls and Procedures 15 PART II. OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 16 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 16 Item 3. Defaults Upon Senior Securities 16 Item 4. Mine Safety Disclosures 16 Item 5. Other Information 16 Item 6. Exhibits 16

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

Financial Statements (Unaudited)

Item 1. Financial Statements (Unaudited) NATICS CORP.

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS July 31, 2024 (Unaudited) TABLE OF CONTENTS Balance sheets as of July 31, 2024 (Unaudited) and April 30, 2024 (Audited) 4 5 6 7 Notes to the Financial Statements 8 3 NATICS CORP. BALANCE SHEETS As of July 31, 2024 (Unaudited) April 30, 2024 (Audited) ASSETS Current Assets Cash on hand $ 11,081 $ 23,726 Total Current Assets 11,081 23,726 Non- Current Intangible Assets Mobile Application and Website Development 23,641 25,792 Total Non-Current Intangible Assets 23,641 25,792 Interest receivable 8,600 7,525 Total Assets $ 43,322 $ 57,043 LIABILITIES Current Liabilities Interest Payable $ – $ – Total Current Liabilities – – Long term Liabilities Director Loan 14,352 14,352 Promissory Note 52,675 51,600 Total Long term Liabilities 67,027 65,952 Total Liabilities 67,027 65,952 STOCKHOLDERS' EQUITY Common stock, $ 0.0001 par value, 75,000,000 shares authorized; 5,495,300 shares issued and outstanding respectively 550 550 Additional paid-in-capital 24,704 24,704 Accumulated deficit ( 48,958 ) ( 34,162 ) Total Stockholders' Equity ( 23,705 ) ( 8,909 ) Total Liabilities and Stockholders' Equity $ 43,322 $ 57,043 The accompanying notes are an integral part of these financial statements. 4 NATICS CORP. Three months ended July 31, 2024 Three months ended July 31, 2023 REVENUES $ – $ 12,920 OPERATING EXPENSES General and Administrative Expenses 14,796 12,260 TOTAL OPERATING EXPENSES 14,796 12,260 NET INCOME (LOSS) FROM OPERATIONS ( 14,796 ) 660 PROVISION FOR INCOME TAXES – – NET INCOME (LOSS) $ ( 14,796 ) $ 660

Management's Discussion and Analysis of Financial

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

FORWARD LOOKING STATEMENTS

FORWARD LOOKING STATEMENTS historical or current facts are "forward-looking statements" made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 (the "Act") and Section 21E of the Securities Exchange Act of 1934. These statements often can be identified by the use of terms such as "August," "will," "expect," "believe," "anticipate," "estimate," "approximate" or "continue," or the negative thereof. We intend that such forward-looking statements be subject to the safe harbors for such statements. We wish to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Any forward-looking statements represent management's best judgment as to what April occurs in the future. However, forward-looking statements are subject to risks, uncertainties and important factors beyond our control that could cause actual results and events to differ materially from historical results of operations and events and those presently anticipated or projected. We disclaim any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statement or to reflect the occurrence of anticipated or unanticipated events. Employees and Employment Agreements At present, we have no employees other than our officer and director. We presently do not have pension, health, annuity, insurance, stock options, profit sharing or similar benefit plans; however, we August adopt such plans in the future. There are presently no personal benefits available to any officers, directors or employees. Results of Operation Our financial statements have been prepared assuming that we will continue as a going concern and, accordingly, do not include adjustments relating to the recoverability and realization of assets and classification of liabilities that might be necessary should we be unable to continue in operati

Quantitative and Qualitative Disclosures About Market Risk

Item 3. Quantitative and Qualitative Disclosures About Market Risk No report required.

Controls and Procedures

Item 4. Controls and Procedures Our management is responsible for establishing and maintaining a system of disclosure controls and procedures (as defined in Rule 13a-15(e) and 15d-15(e) under the Exchange Act) that is designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the Commission's rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by an issuer in the reports that it files or submits under the Exchange Act is accumulated and communicated to the issuer's management, including its principal executive officer or officers and principal financial officer or officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure. An evaluation was conducted under the supervision and with the participation of our management of the effectiveness of the design and operation of our disclosure controls and procedures as of July 31, 2024. Based on that evaluation, our management concluded that our disclosure controls and procedures were not effective as of such date to ensure that information required to be disclosed in the reports that we file or submit under the Exchange Act, is recorded, processed, summarized and

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