Regenerative Medical Tech Files Q3 2024 10-Q

TL;DR

Regenerative Medical Tech filed its Q3 2024 10-Q. Check financials.

AI Summary

Regenerative Medical Technology Group Inc. filed its quarterly report on Form 10-Q for the period ended September 30, 2024. The company, formerly known as Meso Numismatics, Inc., is incorporated in Nevada and headquartered in Boca Raton, Florida. The filing details its financial performance and operational status for the quarter.

Why It Matters

This filing provides investors and stakeholders with an update on the company's financial health and operational progress during the third quarter of 2024.

Risk Assessment

Risk Level: medium — As a 10-Q filing, it represents a routine update, but the company's specific financial details and operational risks are not fully detailed in this header information, necessitating further review.

Key Players & Entities

• Regenerative Medical Technology Group Inc. (company) — Registrant
• September 30, 2024 (date) — Quarterly period end date
• Meso Numismatics, Inc. (company) — Former company name
• Nevada (jurisdiction) — State of incorporation
• Boca Raton, Florida (location) — Principal executive offices address

FAQ

Filing Documents

• ea0221540-10q_regenerative.htm (10-Q) — 762KB
• ea022154001ex31-1_regener.htm (EX-31.1) — 10KB
• ea022154001ex31-2_regener.htm (EX-31.2) — 10KB
• ea022154001ex32-1_regener.htm (EX-32.1) — 5KB
• 0001213900-24-099836.txt ( ) — 5571KB
• mssv-20240930.xsd (EX-101.SCH) — 47KB
• mssv-20240930_cal.xml (EX-101.CAL) — 35KB
• mssv-20240930_def.xml (EX-101.DEF) — 269KB
• mssv-20240930_lab.xml (EX-101.LAB) — 441KB
• mssv-20240930_pre.xml (EX-101.PRE) — 279KB
• ea0221540-10q_regenerative_htm.xml (XML) — 559KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION Item 1. Condensed Consolidated Balance Sheets as of September 30, 2024 (unaudited) and December 31, 2023 1 Condensed Consolidated Statements of Operations for the Three and Nine Months Ended September 30, 2024, and 2023 (unaudited) 2 Condensed Consolidated Statements of Stockholders' Deficit for the Three and Nine Months Ended September 30, 2024, and 2023 (unaudited) 3 Condensed Consolidated Statements of Cash Flows for the Nine Months Ended September 30, 2024, and 2023 (unaudited) 5 Notes to Condensed Consolidated Financial Statements 6 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 23 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 32 Item 4.

Controls and Procedures

Controls and Procedures 32

OTHER INFORMATION

PART II. OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 34 Item 1A.

Risk Factors

Risk Factors 34 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 34 Item 3. Defaults Upon Senior Securities 34 Item 4. Mine Safety Disclosures 35 Item 5. Other Information 35 Item 6. Exhibits 35 i

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION Item 1. Financial Statements Regenerative Medical Technology Group Inc. (formerly known as Meso Numismatics, Inc.) CONDENSED CONSOLIDATED BALANCE SHEETS September 30, December 31, 2024 2023 (Unaudited) * ASSETS Current assets Cash and cash equivalents $ 836,427 $ 530,540 Accounts receivable 31,006 23,956 Inventory 6,680 - Prepaid expenses 43,067 20,500 Total current assets 917,180 574,996 Property and equipment, net 349,506 359,303 Other assets 7,264 5,568 Intangible assets, net 183,389 256,544 Right of use asset, net 90,985 2,714 Goodwill 1,679,978 1,679,978 Total assets $ 3,228,302 $ 2,879,103 LIABILITIES AND STOCKHOLDERS' DEFICIT Current liabilities Accounts payable and accrued liabilities $ 1,102,903 $ 421,334 Accrued interest 8,897,996 6,597,422 Customer advances 79,850 2,000 Derivative liability 5,574 2,146 Lease liability, current portion 76,092 2,714 Notes payable, net 17,332,250 15,223,519 Total current liabilities 27,494,664 22,249,135 Long term liabilities Lease liability, net of current portion 14,893 - Convertible notes payable, net of discount 40,758 35,023 Notes payable – related parties 7,800 7,800 Notes payable, net of discount 2,388,674 2,382,648 Total liabilities 29,946,789 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 September 30, 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 September 30, 2024, and December 31, 2023, respectively 10 10 Common stock, $ 0.001 par value; 6,500,000,000 shares authorized; 12,538,968 and 12,493,938 shares issued and outstanding as of September 30, 2024, and December 31, 2023, respectively 12,539 1

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS September 30, 2024 (Unaudited) NOTE 1 – ORGANIZATION AND DESCRIPTION OF BUSINESS Organization and History Meso Numismatics, Inc. (the "Company") was originally organized under the laws of Washington State in 1999, as Spectrum Ventures, LLC to develop market and sell VOIP (Voice over Internet Protocol) services. In 2002, the Company changed its name to Nxtech Wireless Cable Systems, Inc. In August 2007, the Company changed its name to Oriens Travel & Hotel Management Corp. In November 2014, the Company changed its name to Pure Hospitality Solutions, Inc. On November 16, 2016, the Company entered into an Agreement and Plan of Merger between the Company and Meso Numismatics Corp. ("Meso"), a Florida corporation. The acquisition of Meso was to support the Company's overall mission of specializing in ventures related to Central America and the Latin countries of the Caribbean; not limited to tourism. Meso was a small but scalable numismatics operation that the Company leveraged for low-cost cost revenues and product marketing. The Company maintained an online store with eBay (www.mesocoins.com) and participated in live auctions with major companies such as Heritage Auctions, Stacks Bowers Auctions and Lyn Knight Auctions. The acquisition was completed on August 4, 2017, following the Company issuance of 25,000 shares of Series BB preferred stock to Meso to acquire one hundred ( 100 %) percent of Meso's common stock. The Company accounted for the acquisition as common control, as Melvin Pereira, the CEO and principal shareholder of the Company controlled, operated and owned both companies. On November 16, 2016, the date of the Merger Agreement and June 30, 2017, the date of the Debt Settlement Agreement, Melvin Pereira, CEO of Pure Hospitality Solutions, owned 100 % of the stock of Meso. Pure Hospitality Solutions, Inc. and Meso first came under common control on June 30, 2017. On September 4, 2017, the Company decided to suspend its boo

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View this 10-Q filing on SEC EDGAR