Sacks Parente Golf Files Q2 2024 10-Q

TL;DR

Sacks Parente Golf dropped its Q2 10-Q. Check financials.

AI Summary

Sacks Parente Golf, Inc. filed its 10-Q for the period ending June 30, 2024. The company, headquartered in Camarillo, CA, reported financial results for the second quarter and the first half of the fiscal year. Specific financial figures and operational details are provided within the filing.

Why It Matters

This filing provides investors with an update on Sacks Parente Golf's financial performance and position as of mid-2024, crucial for assessing the company's health and future prospects.

Risk Assessment

Risk Level: medium — As a publicly traded company, Sacks Parente Golf is subject to market fluctuations and business risks inherent in the golf industry.

Key Numbers

• Q2 2024 — Reporting Period (Financials for the second quarter of 2024 are detailed.)
• First half of 2024 — Reporting Period (Financials for the first six months of 2024 are detailed.)

Key Players & Entities

• Sacks Parente Golf, Inc. (company) — Filer of the 10-Q
• 20240630 (date) — End of the reporting period
• 20240805 (date) — Filing date
• Camarillo, CA (location) — Company headquarters

FAQ

Key Financial Figures

• $1.00 — common stock remained below the minimum $1.00 per share requirement for continued lis

Filing Documents

• form10-q.htm (10-Q) — 656KB
• ex31-1.htm (EX-31.1) — 19KB
• ex31-2.htm (EX-31.2) — 18KB
• ex32-1.htm (EX-32.1) — 8KB
• ex32-2.htm (EX-32.2) — 8KB
• 0001493152-24-030203.txt ( ) — 3796KB
• spgc-20240630.xsd (EX-101.SCH) — 29KB
• spgc-20240630_cal.xml (EX-101.CAL) — 44KB
• spgc-20240630_def.xml (EX-101.DEF) — 109KB
• spgc-20240630_lab.xml (EX-101.LAB) — 295KB
• spgc-20240630_pre.xml (EX-101.PRE) — 229KB
• form10-q_htm.xml (XML) — 480KB

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION F-1

Condensed Financial Statements

Item 1. Condensed Financial Statements F-1 Condensed Balance Sheets – June 30, 2024 (Unaudited) and December 31, 2023 F-1 Condensed Statements of Operations for the three and six months ended June 30, 2024 and 2023 (Unaudited) F-2 Condensed Statements of Change in Stockholders' Equity (Deficiency) for the three and six months ended June 30, 2024 and 2023 (Unaudited) F-3 Condensed Statements of Cash Flows for the six months ended June 30, 2024 and 2023 (Unaudited) F-4 Notes to Condensed Financial Statements for the three and six months ended June 30, 2024 and 2023 (Unaudited) F-5

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

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 1

Quantitative and Qualitative Disclosures About Market Risk

Item 3. Quantitative and Qualitative Disclosures About Market Risk 9

Controls and Procedures

Item 4. Controls and Procedures 9

– OTHER INFORMATION

PART II – OTHER INFORMATION 10

Legal Proceedings

Item 1. Legal Proceedings 10

Risk Factors

Item 1A. Risk Factors 10

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 10

Defaults Upon Senior Securities

Item 3. Defaults Upon Senior Securities 10

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 10

Other Information

Item 5. Other Information 10

Exhibits

Item 6. Exhibits 10 i CAUTIONARY This Quarterly Report contains forward-looking statements that involve risks and uncertainties. These forward-looking statements are not historical facts but rather are plans and predictions based on current expectations, estimates, and projections about our industry, our beliefs, and assumptions. We use words such as "may," "will," "could," "should," "anticipate," "expect," "intend," "project," "plan," "believe," "seek," "assume," and variations of these words and similar expressions to identify forward-looking statements. These statements are not guarantees of future performance and are subject to certain risks, uncertainties, and other factors, some of which are beyond our control, are difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements. You should not place undue reliance on these forward-looking statements because the matters they describe are subject to certain risks, uncertainties, and assumptions that are difficult to predict. Our forward-looking statements are based on the information currently available to us and speak only as of the date on which they were made. Over time, our actual results, performance, or achievements may differ from those expressed or implied by our forward-looking statements, and such difference might be significant and materially adverse to our security holders. Except as required by law, we undertake no obligation to update publicly any forward-looking statements, whether as a result of new information, future events, or otherwise. Factors that could materially affect these forward-looking statements and/or predictions include, among other things: (i) the development and protection of our brands and other intellectual property, (ii) the need to raise capital to meet business requirements, (iii) significant fluctuations in marketing expenses

View Full Filing

View this 10-Q filing on SEC EDGAR