OneMeta Inc. Files Q3 2024 10-Q Report
Ticker: ONEI · Form: 10-Q · Filed: Nov 13, 2024 · CIK: 1388295
| Field | Detail |
|---|---|
| Company | Onemeta INC. (ONEI) |
| Form Type | 10-Q |
| Filed Date | Nov 13, 2024 |
| Risk Level | medium |
| Pages | 16 |
| Reading Time | 19 min |
| Key Dollar Amounts | $0.001, $500,000, $1,000,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, financials, company-information
TL;DR
OneMeta Inc. dropped its Q3 10-Q. Check financials.
AI Summary
OneMeta Inc. filed its 10-Q for the period ending September 30, 2024. The company, formerly known as WebSafety, Inc., reported its financial performance and position. Key financial data and disclosures related to its operations and capital structure are detailed in this filing.
Why It Matters
This filing provides investors and analysts with the latest financial performance data for OneMeta Inc., crucial for understanding the company's current health and future prospects.
Risk Assessment
Risk Level: medium — As a 10-Q filing, it contains detailed financial information which can reveal significant risks or opportunities, but without specific financial figures or narrative analysis, the risk level is assessed as medium.
Key Players & Entities
- OneMeta Inc. (company) — Filer of the 10-Q
- WebSafety, Inc. (company) — Former name of OneMeta Inc.
- 2024-09-30 (date) — End of the reporting period
- 2024-11-13 (date) — Filing date
FAQ
What is the primary business of OneMeta Inc.?
The filing lists OneMeta Inc. under SIC code 7374, which corresponds to SERVICES-COMPUTER PROCESSING & DATA PREPARATION.
When did OneMeta Inc. change its name from WebSafety, Inc.?
The filing indicates the date of name change from WebSafety, Inc. to OneMeta Inc. was November 12, 2009.
What is the fiscal year end for OneMeta Inc.?
OneMeta Inc.'s fiscal year ends on December 31.
What is the state of incorporation for OneMeta Inc.?
OneMeta Inc. is incorporated in Nevada (NV).
What is the SEC file number for OneMeta Inc.?
The SEC file number for OneMeta Inc. is 000-56565.
Filing Stats: 4,701 words · 19 min read · ~16 pages · Grade level 16.3 · Accepted 2024-11-12 19:06:34
Key Financial Figures
- $0.001 — alue 33,964,960 Series A Preferred, $0.001 par value 2,068 Series B-1 Converti
- $500,000 — 2024, (ii) the closing of a minimum of $500,000 in a subsequent financing of either deb
- $1,000,000 — inimum proceeds of one million dollars ($1,000,000) is received by the Company; and /or (i
Filing Documents
- form10-q.htm (10-Q) — 746KB
- ex31-1.htm (EX-31.1) — 18KB
- ex31-2.htm (EX-31.2) — 18KB
- ex32-1.htm (EX-32.1) — 9KB
- ex32-2.htm (EX-32.2) — 9KB
- 0001493152-24-044910.txt ( ) — 3773KB
- onei-20240930.xsd (EX-101.SCH) — 22KB
- onei-20240930_cal.xml (EX-101.CAL) — 28KB
- onei-20240930_def.xml (EX-101.DEF) — 136KB
- onei-20240930_lab.xml (EX-101.LAB) — 284KB
- onei-20240930_pre.xml (EX-101.PRE) — 223KB
- form10-q_htm.xml (XML) — 458KB
Financial Statements (Unaudited)
Financial Statements (Unaudited) 3 Balance Sheets 3 4 5 6
Notes to Financial Statements (Unaudited)
Notes to 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 16 Item 4.
Controls and Procedures
Controls and Procedures 22 PART II. OTHER INFORMATION 23 Item 1.
Legal Proceedings
Legal Proceedings 23 Item 1A.
Risk Factors
Risk Factors 2 3 Item 6. Exhibits 24
SIGNATURES
SIGNATURES 25 2 PART I - FINANCIAL INFORMATION ITEM 1. FINANCIAL STATEMENTS ONEMETA INC. BALANCE SHEETS (Unaudited) September 30, 2024 December 31, 2023 ASSETS Current assets: Cash $ 24,254 $ 1,129,935 Accounts receivable 6,160 6,935 Prepaid and other current assets 16,192 6,820 Total current assets 46,606 1,143,690 Total assets $ 46,606 $ 1,143,690 LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) Current liabilities: Accounts payable $ 583,152 $ 522,917 Accrued expenses 23,031 - Accrued expenses, related party 471,658 281,012 Accrued expenses 471,658 281,012 Deferred revenue 16,000 - Note payable, related party 221,990 221,990 Senior secured notes payable, related party 549,000 - Total current liabilities 1,864,831 1,025,919 Total liabilities 1,864,831 1,025,919 Commitments and contingencies - - STOCKHOLDERS' EQUITY (DEFICIT) Preferred stock, $ 0.001 par value, 50,000,000 shares authorized, Series A preferred stock, $ 0.001 par value, 2,068 shares authorized, 2,068 issued and outstanding 2 2 Series B-1 convertible preferred stock, $ 0.001 par value, 8,619,420 shares authorized, 8,619,420 shares issued and outstanding 862 862 Preferred stock, value 862 862 Common stock, $ 0.001 par value, 500,000,000 shares authorized, 33,964,960 and 32,995,460 shares issued and outstanding, respectively 33,965 32,996 Additional paid in capital 34,998,705 33,992,707 Accumulated deficit ( 36,851,759 ) ( 33,908,796 ) Total stockholders' equity (deficit) ( 1,818,225 ) 117,771 Total liabilities and stockholders' equity (deficit) $ 46,606 $ 1,143,690 See accompanying notes to the unaudited financial statements. 3 ONEMETA INC. OF OPERATIONS (Unaudited) Three months ended Three months ended Nine months ended Nine months ended September 30, 2024 September 30, 2023 September 30, 2024 September 30, 2023 Revenue $ 3,478 $ 9,162 $ 14,354 $