RemSleep Holdings Inc. Files Q2 2024 10-Q Report

TL;DR

RemSleep Holdings filed its Q2 2024 10-Q. Check financials.

AI Summary

RemSleep Holdings Inc. filed its quarterly report on Form 10-Q for the period ended June 30, 2024. The company, incorporated in Nevada, operates in the personal services sector and is headquartered in Clearwater, Florida. This filing provides an update on its financial and operational status for the second quarter of 2024.

Why It Matters

This filing provides investors with the latest financial performance and operational details of RemSleep Holdings Inc. for the second quarter of 2024, crucial for assessing the company's current health and future prospects.

Risk Assessment

Risk Level: low — This is a routine quarterly filing and does not contain immediate red flags or significant new risks.

Key Players & Entities

• RemSleep Holdings Inc. (company) — Registrant
• June 30, 2024 (date) — Quarterly period end date
• Nevada (location) — State of incorporation
• Clearwater, Florida (location) — Principal executive office location
• 727-955-4465 (phone_number) — Business phone number

FAQ

Filing Documents

• ea0210905-10q_remsleep.htm (10-Q) — 481KB
• ea021090501ex31-1_remsleep.htm (EX-31.1) — 10KB
• ea021090501ex32-1_remsleep.htm (EX-32.1) — 4KB
• 0001213900-24-070805.txt ( ) — 3313KB
• rmsl-20240630.xsd (EX-101.SCH) — 29KB
• rmsl-20240630_cal.xml (EX-101.CAL) — 32KB
• rmsl-20240630_def.xml (EX-101.DEF) — 168KB
• rmsl-20240630_lab.xml (EX-101.LAB) — 281KB
• rmsl-20240630_pre.xml (EX-101.PRE) — 164KB
• ea0210905-10q_remsleep_htm.xml (XML) — 245KB

- FINANCIAL INFORMATION

PART I. - FINANCIAL INFORMATION 1 Item 1.

Financial Statements

Financial Statements 1 Item 2.

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

Management's Discussion and Analysis of Financial Condition and Plan of Operations 2 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 6 Item 4

Controls and Procedures

Controls and Procedures 6

- OTHER INFORMATION

PART II - OTHER INFORMATION 7 Item 1.

Legal Proceedings

Legal Proceedings 7 Item 1A.

Risk Factors

Risk Factors 7 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 7 Item 3. Defaults Upon Senior Securities 7 Item 4. Mine Safety Disclosures 7 Item 5. Other Information 7 Item 6. Exhibits 7

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION

FINANCIAL STATEMENTS

ITEM 1. FINANCIAL STATEMENTS REMSLEEP HOLDINGS, INC. Balance Sheets as of June 30, 2024 (unaudited) and December 31, 2023 (audited) F-1 F-2 F-3 F-4 Notes to the Financial Statements (unaudited) F-5 1 REMSLEEP HOLDINGS, INC. BALANCE SHEETS June 30, 2024 December 31, 2023 (Unaudited) (Audited) ASSETS Current assets: Cash $ 698,727 $ 719,100 Accounts receivable, net of allowance of $ 5,590 and $ 5,590 , respectively 10,294 9,025 Other assets 15,900 8,710 Inventory 79,617 99,147 Total current assets 804,538 835,982 Other asset 10,000 10,000 Right of use asset 122,996 177,796 Property and equipment, net 128,891 182,536 Total Assets $ 1,066,425 $ 1,206,314 LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) Current Liabilities: Accounts payable $ 101,187 $ 37,000 Accrued compensation 52,500 60,500 Convertible note payable, net of discount of $ 64,392 78,608 — Derivative liability 97,065 — Accrued interest 6,426 — Deferred revenue 36,000 — Operating lease liability – current portion 122,118 134,438 Total current liabilities 493,904 231,938 Long Term Liabilities Operating lease liability – net of current portion — 43,676 Total Liabilities 493,904 275,614 Commitments and Contingencies — — STOCKHOLDERS' EQUITY (DEFICIT): Series A preferred stock, $ 0.001 par value, 5,000,000 shares authorized, 5,000,000 and issued and outstanding 5,000 5,000 Series B preferred stock, $ 0.001 par value, 5,000,000 shares authorized, 500,000 shares issued 500 500 Series C preferred stock, $ 0.001 par value, 5,000,000 shares authorized, 2,000,000 issued and outstanding 2,000 2,000 Com

View Full Filing

View this 10-Q filing on SEC EDGAR