Onar Holding Corp. Files Q2 2025 10-Q
Ticker: ONAR · Form: 10-Q · Filed: Aug 19, 2025 · CIK: 1682265
Sentiment: neutral
Topics: 10-Q, subsequent-events, convertible-notes, company-filing
TL;DR
ONAR Q2 10-Q filed. Lots of convertible notes and exchange agreements in July/Aug 2025.
AI Summary
Onar Holding Corp. filed its 10-Q for the period ending June 30, 2025. The company, formerly known as Reliant Holdings, Inc., is incorporated in Nevada and operates in construction special trades. Key financial figures and subsequent events, including convertible promissory notes and exchange agreements, are detailed in the filing.
Why It Matters
This filing provides investors with an update on Onar Holding Corp.'s financial performance and significant business events during the second quarter of 2025.
Risk Assessment
Risk Level: medium — The filing details multiple subsequent events involving convertible promissory notes and exchange agreements, indicating potential dilution or financial restructuring.
Key Numbers
- 20250630 — Reporting Period End Date (Indicates the timeframe covered by the financial statements.)
- 20250819 — Filing Date (Shows when the report was submitted to the SEC.)
- 450000000 — Financial Figure (A large monetary value present in the filing, context not fully specified.)
Key Players & Entities
- Onar Holding Corp. (company) — Filer of the 10-Q
- Reliant Holdings, Inc. (company) — Former name of Onar Holding Corp.
- 20250630 (date) — End of the reporting period
- 20250819 (date) — Filing date of the 10-Q
- 450000000 (dollar_amount) — A significant financial figure mentioned in the filing
FAQ
What were the significant subsequent events for Onar Holding Corp. in July and August 2025?
The filing indicates several subsequent events including an Exchange Agreement on August 12, 2025, and multiple Convertible Promissory Note events between July 1 and August 14, 2025.
What is the primary business of Onar Holding Corp.?
Onar Holding Corp. operates in the CONSTRUCTION SPECIAL TRADE CONTRACTORS sector, as indicated by its Standard Industrial Classification code [1700].
When did Onar Holding Corp. change its name?
The company formerly known as Reliant Holdings, Inc. changed its name to Onar Holding Corp. on August 12, 2016.
What is the fiscal year end for Onar Holding Corp.?
Onar Holding Corp.'s fiscal year ends on December 31st.
Where is Onar Holding Corp. headquartered?
Onar Holding Corp.'s business and mailing address is 8605 Santa Monica Boulevard, PMB 36522, Los Angeles, CA 90069.
Filing Stats: 4,536 words · 18 min read · ~15 pages · Grade level 17.4 · Accepted 2025-08-19 13:29:18
Key Financial Figures
- $0.001 — ction 12(g) of the Act: Common Stock, $0.001 Par Value Per share Indicate by check
- $159,431 — -0- and $-0-, respectively and $-0- and $159,431 of related party revenue, respectively,
Filing Documents
- onar_10q.htm (10-Q) — 926KB
- onar_ex311.htm (EX-31.1) — 10KB
- onar_ex312.htm (EX-31.2) — 10KB
- onar_ex321.htm (EX-32.1) — 4KB
- onar_ex322.htm (EX-32.2) — 4KB
- 0001477932-25-006079.txt ( ) — 3751KB
- onar-20250630.xsd (EX-101.SCH) — 40KB
- onar-20250630_lab.xml (EX-101.LAB) — 227KB
- onar-20250630_cal.xml (EX-101.CAL) — 45KB
- onar-20250630_pre.xml (EX-101.PRE) — 191KB
- onar-20250630_def.xml (EX-101.DEF) — 119KB
- onar_10q_htm.xml (XML) — 441KB
– FINANCIAL INFORMATION
PART I – FINANCIAL INFORMATION
Financial Statements
Item 1. Financial Statements Unaudited Consolidated Balance Sheets 5 Unaudited Consolidated Statements of Operations 6 Unaudited Consolidated Statements of Stockholders' Deficit 7 Unaudited Consolidated Statements of Cash Flows 8 Notes to the Unaudited Consolidated Financial Statements 9
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 21
Quantitative and Qualitative Disclosures about Market Risk
Item 3. Quantitative and Qualitative Disclosures about Market Risk 25
Controls and Procedures
Item 4. Controls and Procedures 25
– OTHER INFORMATION
PART II – OTHER INFORMATION
Legal Proceedings
Item 1. Legal Proceedings 27
Risk Factors
Item 1A. Risk Factors 27
Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 27
Defaults Upon Senior Securities
Item 3. Defaults Upon Senior Securities 28
Mine Safety Disclosures
Item 4. Mine Safety Disclosures 28
Other Information
Item 5. Other Information. 28
Exhibits
Item 6. Exhibits 29 2 Table of Contents Cautionary Statement Regarding Forward-Looking Information This Quarterly Report on Form 10-Q (this " Report ") contains forward-looking statements within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended and the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by the following words: " anticipate, " " believe, " " continue, " " could, " " estimate, " " expect, " " intend, " " may, " " ongoing, " " plan, " " potential, " " predict, " " project, " " should, " or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements are not a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on information available at the time the statements are made and involve known and unknown risks, uncertainties and other factors that may cause our results, levels of activity, performance or achievements to be materially different from the information expressed or implied by the forward-looking statements in this Report. These factors include: unfavorable economic conditions; changes in client demand; our ability to maintain our existing clients; our ability to develop new product offerings; our ability to deploy AI in our business and the development of AI by our competitors; seasonal fluctuations in marketing, research, communications and advertising activity; the impact of future strategic transactions; our lack of a significant operating history; the need for additional funding, our ability to raise such funding, and the ultimate terms thereof; the level of competition in the industries in which compete;
– FINANCIAL INFORMATION
PART I – FINANCIAL INFORMATION
Financial Statements
Item 1. Financial Statements. The accompanying financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and in accordance with the instructions for Form 10-Q. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, the financial statements contain all material adjustments, consisting only of normal recurring adjustments necessary to present fairly the financial condition, results of operations, and cash flows of the Company for the interim periods presented. The results for the period ended June 30, 2025, are not necessarily indicative of the results of operations for the full year. These financial statements and related footnotes should be read in conjunction with the financial statements and footnotes thereto included in the Company's Form 10-K/A for the year ended December 31, 2024, filed with the Securities and Exchange Commission on May 5, 2025. 4 Table of Contents ONAR HOLDING CORPORATION CONDENSED CONSOLIDATED BALANCE SHEETS June 30, December 31, 2025 2024 (Unaudited) ASSETS Current assets: Cash $ 265,409 $ 339,199 Accounts receivable, net 163,956 79,483 Investments in equity securities 150,011 371,151 Investments in equity securities, related party 92,385 118,048 Prepaid expenses and other current assets 80,067 59,398 Total current assets 751,828 967,279 Other assets: Property and equipment 92,556 106,741 Intangible Assets, customer relationships, net 166,754 331,048 Goodwill 458,335 458,335 Employee loan receivable, net 164,022 160,822 Advance to affiliated entity 400,700 400,700 Right of use asset 11,570 25,049 Total other assets 1,293,935 1,482,695 Total assets $ 2,045,763 $ 2,449,974 LIABILITIES AND STOCKHOLDERS' DEFICIT Current liabilities: Accounts p