Meso Numismatics Files Q1 2024 10-Q

TL;DR

MESO filed its Q1 2024 10-Q. All good.

AI Summary

Meso Numismatics, Inc. filed its quarterly report on Form 10-Q for the period ended March 31, 2024. The company, incorporated in Nevada, is based in Boca Raton, Florida, and operates in the retail stores sector. Its principal executive offices are located at 433 Plaza Real Suite 275, Boca Raton, FL 33432, with a contact phone number of (800) 889-9509.

Why It Matters

This filing provides investors with an update on Meso Numismatics, Inc.'s financial performance and operational status for the first quarter of 2024.

Risk Assessment

Risk Level: low — This is a standard quarterly filing with no immediate red flags or significant new information presented.

Key Players & Entities

• MESO NUMISMATICS, INC. (company) — Registrant
• March 31, 2024 (date) — Quarterly period end date
• Boca Raton, Florida (location) — Principal executive offices location
• 433 Plaza Real Suite 275 (address) — Principal executive offices address
• 800-889-9509 (phone_number) — Registrant's telephone number

FAQ

Filing Documents

• ea0206530-10q_meso.htm (10-Q) — 655KB
• ea020653001ex3-1_meso.htm (EX-3.1) — 2KB
• ea020653001ex31-1_meso.htm (EX-31.1) — 13KB
• ea020653001ex31-2_meso.htm (EX-31.2) — 13KB
• ea020653001ex32-1_meso.htm (EX-32.1) — 5KB
• ex3-1_001.jpg (GRAPHIC) — 539KB
• ex3-1_002.jpg (GRAPHIC) — 430KB
• ex3-1_003.jpg (GRAPHIC) — 90KB
• 0001213900-24-045134.txt ( ) — 6794KB
• mssv-20240331.xsd (EX-101.SCH) — 55KB
• mssv-20240331_cal.xml (EX-101.CAL) — 28KB
• mssv-20240331_def.xml (EX-101.DEF) — 286KB
• mssv-20240331_lab.xml (EX-101.LAB) — 458KB
• mssv-20240331_pre.xml (EX-101.PRE) — 283KB
• ea0206530-10q_meso_htm.xml (XML) — 511KB

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

Management's Discussion and Analysis of Financial Condition and Results of Operations 24 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 31 Item 4.

Controls and Procedures

Controls and Procedures 32 PART II. OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 33 Item 1A.

Risk Factors

Risk Factors 33 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 33 Item 3. Defaults Upon Senior Securities 33 Item 4. Mine Safety Disclosures 33 Item 5. Other Information 33 Item 6. Exhibits 34 i

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements MESO NUMISMATICS INC. CONDENSED CONSOLIDATED BALANCE SHEETS March 31, December 31, 2024 2023 (Unaudited) * ASSETS Current assets Cash and cash equivalents $ 579,352 $ 530,540 Accounts receivable 43,506 23,956 Prepaid expenses 45,500 20,500 Total current assets 668,358 574,996 Property and equipment, net 366,270 359,303 Other assets 7,264 5,568 Intangible assets, net 232,159 256,544 Right of use asset, net 125,004 2,714 Goodwill 1,679,978 1,679,978 Total assets $ 3,079,033 $ 2,879,103 LIABILITIES AND STOCKHOLDERS' DEFICIT Current liabilities Accounts payable and accrued liabilities $ 554,520 $ 421,334 Accrued interest 7,363,741 6,597,422 Customer advances 114,880 2,000 Derivative liability 3,644 2,146 Lease liability, current portion 76,092 2,714 Notes payable, net 16,243,808 15,223,519 Total current liabilities 24,356,687 22,249,135 Long term liabilities Lease liability, net of current portion 48,912 - Convertible notes payable, net of discount 37,502 35,023 Notes payable – related parties 7,800 7,800 Notes payable, net of discount 2,384,656 2,382,648 Total liabilities 26,835,556 24,674,605 Stockholders' deficit Preferred stock, $ 0.001 par value 1,050,000 shares authorized as Series AA Preferred Stock; 1,050,000 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively 1,050 1,050 Preferred stock, $ 0.001 par value; 10,000 shares authorized as Series DD Preferred Stock; 9,870 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively 10 10 Common stock, $ 0.001 par value; 100,000,000 shares authorized; 12,493,938 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively 12,494 12,494 Additional paid in capital 40,181,074 40,181,074 Accumulated deficit ( 63,951,151 ) ( 61,990,131 ) Total stockholders' deficit ( 23,756,52

View Full Filing

View this 10-Q filing on SEC EDGAR