Reed's, Inc. Q2 2024 Update: Shares Outstanding

Ticker: REED · Form: 10-Q · Filed: Aug 13, 2024 · CIK: 1140215

Reed'S, Inc. 10-Q Filing Summary
FieldDetail
CompanyReed'S, Inc. (REED)
Form Type10-Q
Filed DateAug 13, 2024
Risk Levellow
Pages16
Reading Time19 min
Sentimentneutral

Sentiment: neutral

Topics: 10-Q, shares-outstanding, reporting

TL;DR

Reed's, Inc. has 4.19M shares outstanding as of May 10, 2024. No major financial updates yet.

AI Summary

Reed's, Inc. filed its quarterly report for the period ended June 30, 2024. As of May 10, 2024, the company had 4,187,291 shares of Common Stock outstanding. The filing indicates the company is not a large accelerated filer, accelerated filer, or non-accelerated filer, and is likely a smaller reporting company or emerging growth company.

Why It Matters

This filing provides an update on Reed's, Inc.'s share count as of May 10, 2024, which is crucial for investors to understand the company's capital structure and potential dilution.

Risk Assessment

Risk Level: low — This filing is a routine quarterly report and does not contain significant financial performance data or major strategic changes that would indicate high risk.

Key Numbers

  • 4,187,291 — Common Shares Outstanding (As of May 10, 2024)

Key Players & Entities

  • REED'S, INC. (company) — Registrant
  • June 30, 2024 (date) — Quarterly period end date
  • May 10, 2024 (date) — Date for shares outstanding count
  • 4,187,291 (dollar_amount) — Number of common shares outstanding

FAQ

What is the total number of Reed's, Inc. common shares outstanding as of the latest practicable date mentioned in the filing?

As of May 10, 2024, there were a total of 4,187,291 shares of Common Stock outstanding.

For what quarterly period is Reed's, Inc. filing this report?

The report is for the quarterly period ended June 30, 2024.

Is Reed's, Inc. required to file all reports for the preceding 12 months?

The filing indicates 'Yes' for having filed all required reports by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months.

Has Reed's, Inc. submitted all Interactive Data Files required by Rule 405 of Regulation S-T?

The filing indicates 'No' for having submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months.

What is Reed's, Inc.'s filing status regarding filer categories (large accelerated, accelerated, etc.)?

The filing indicates that Reed's, Inc. is not a large accelerated filer, an accelerated filer, or a non-accelerated filer, suggesting it is likely a smaller reporting company or an emerging growth company.

Filing Stats: 4,693 words · 19 min read · ~16 pages · Grade level 16.1 · Accepted 2024-08-13 16:01:00

Filing Documents

- 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 Changes in Stockholders' Deficit 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 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 10

Controls and Procedures

Item 4. Controls and Procedures 11

– OTHER INFORMATION

PART II – OTHER INFORMATION 11

Legal Proceedings

Item 1. Legal Proceedings 11

Risk Factors

Item 1A. Risk Factors 11

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 11

Defaults Upon Senior Securities

Item 3. Defaults Upon Senior Securities 11

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 11

Other Information

Item 5. Other Information 11

Exhibits

Item 6. Exhibits 11 i CAUTIONARY This report contains statements reflecting our views about our future performance that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (Reform Act). Statements that constitute forward-looking statements within the meaning of the Reform Act are generally identified through the inclusion of words such as "aim," "anticipate," "believe," "drive," "estimate," "expect," "expressed confidence," "forecast," "future," "goal," "guidance," "intend," "may," "objective," "outlook," "plan," "position," "potential," "project," "seek," "should," "strategy," "target," "will" or similar statements or variations of such words and other similar expressions. All statements addressing our future operating performance, and statements addressing events and developments that we expect or anticipate will occur in the future, are forward-looking statements within the meaning of the Reform Act. These forward-looking statements are based on currently available information, operating plans and projections about future events and trends. They inherently involve risks and uncertainties that could cause actual results to differ materially from those predicted in any such forward-looking statement. These risks and uncertainties include, but are not limited to, those described in "Part I, Item 1A. Risk Factors" of our Annual Report on Form 10-K for the fiscal year ended December 31, 2023 ("2023 Form 10-K") as updated by "Part II, Item 1A" of this report should be considered when evaluating our trends and future results. Investors are cautioned not to place undue reliance on any such forward-looking statements, which speak only as of the date they are made. We undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise. The discussion of risks in this report is b

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