REST EZ Inc. Files Quarterly Report for Period Ending September 30, 2023

TL;DR

<b>REST EZ Inc. has filed its quarterly report (10-Q) for the period ending September 30, 2023, detailing its financial position and operational status.</b>

AI Summary

REST EZ Inc. (RTEZ) filed a Quarterly Report (10-Q) with the SEC on January 16, 2024. REST EZ Inc. filed a Form 10-Q for the quarter ended September 30, 2023. The company is incorporated in Wyoming and its fiscal year ends March 31. As of January 5, 2024, there were 23,020,033 shares of common stock outstanding. REST EZ Inc. is classified as a smaller reporting company and an emerging growth company. The filing includes unaudited Balance Sheets as of September 30, 2023, and March 31, 2023.

Why It Matters

For investors and stakeholders tracking REST EZ Inc., this filing contains several important signals. This 10-Q filing provides investors with an updated view of REST EZ Inc.'s financial health and performance for the most recent fiscal quarter. As a smaller reporting company, this filing is crucial for understanding the company's financial trajectory and any potential risks or opportunities.

Risk Assessment

Risk Level: low — REST EZ Inc. shows low risk based on this filing. The filing is a standard quarterly report (10-Q) and does not contain immediate red flags, indicating a routine disclosure.

Analyst Insight

Monitor future filings for revenue growth, net income trends, and any significant changes in debt or assets.

Key Numbers

• 23,020,033 — Common Shares Outstanding (As of January 5, 2024)
• 2023-09-30 — Quarter End Date (Form 10-Q)
• 2024-01-16 — Filing Date (Form 10-Q)

Key Players & Entities

• REST EZ Inc. (company) — COMPANY CONFORMED NAME
• Wyoming (jurisdiction) — State of Incorporation
• 23,020,033 (dollar_amount) — shares of the registrant's common stock outstanding
• September 30, 2023 (date) — Quarter Ended
• March 31, 2023 (date) — Balance Sheets as of

FAQ

Industry Context

REST EZ Inc. operates within the Pharmaceutical Preparations industry (SIC code 2834).

Regulatory Implications

The filing is a standard Form 10-Q, adhering to the reporting requirements of the Securities Exchange Act of 1934.

What Investors Should Do

1. Analyze the detailed financial statements (Balance Sheets) for changes in assets, liabilities, and equity.
2. Review any Management's Discussion and Analysis (MD&A) section for insights into operational performance and future outlook.
3. Compare key financial metrics to previous periods to identify trends and assess financial health.

Key Dates

• 2023-09-30: Quarter End Date — End of the reporting period for the 10-Q.
• 2024-01-16: Filing Date — Date the 10-Q was submitted to the SEC.

Year-Over-Year Comparison

This is the first 10-Q filing reviewed for the fiscal year ending March 31, 2024, covering the quarter ended September 30, 2023.

Filing Documents

• restez20230930_10q.htm (10-Q) — 384KB
• ex_615528.htm (EX-3.4) — 37KB
• ex_615529.htm (EX-31.1) — 10KB
• ex_615530.htm (EX-31.2) — 10KB
• ex_615531.htm (EX-32.1) — 5KB
• ex_615532.htm (EX-32.2) — 5KB
• ex_615528img001.jpg (GRAPHIC) — 4KB
• 0001185185-24-000080.txt (&nbsp;) — 1885KB
• rest-20230930.xsd (EX-101.SCH) — 23KB
• rest-20230930_cal.xml (EX-101.CAL) — 13KB
• rest-20230930_def.xml (EX-101.DEF) — 83KB
• rest-20230930_lab.xml (EX-101.LAB) — 166KB
• rest-20230930_pre.xml (EX-101.PRE) — 88KB
• restez20230930_10q_htm.xml (XML) — 112KB

Financial Statements

Financial Statements 4 Balance Sheets as of September 30, 2023 (Unaudited) and March 31, 2023 4 5 6 7

Notes to Financial Statements (Unaudited)

Notes to Financial Statements (Unaudited) 8 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 12 Item 4.

Controls and Procedures

Controls and Procedures 16 PART II OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 17 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 17 Item 3. Defaults Upon Senior Securities 17 Item 4. Mine Safety Disclosures 17 Item 5. Other Information 17 Item 6. Exhibits 17

Signatures

Signatures 18 NOTE ABOUT FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, among other things, statements regarding plans, objectives, goals, strategies, future events or performance and underlying assumptions and other statements, which are other than statements of historical facts. Forward-looking statements may appear throughout this report, including without limitation, Item 2 "Management's Discussion and Analysis of Financial Condition and Results of Operations." Forward-looking statements generally can be identified by words such as "anticipates," "believes," "estimates," "expects," "intends," "plans," "predicts," "projects," "will be," "will continue," "will likely result," and similar expressions. These forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties, which could cause our actual results to differ materially from those reflected in the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, those discussed in this report and in our Form S-1/A, and in particular, the risks discussed under the caption "Risk Factors" in Item 1A of this report and in in our Form S-1/A, and those discussed in other documents we file with the Securities and Exchange Commission ("SEC"). Important factors that in our view could cause material adverse effects on our financial condition and results of operations include, but are not limited to, risks associated with service demands and acceptance, our ability to expand, changes in healthcare practices, changes in technology, economic conditions, the impact of competition and pricing, government regulation and approvals, impacts and disruptions caused by the COVID-19 pandemic and other factors that may cause actual results to be materially different

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

FINANCIAL STATEMENTS

ITEM 1. FINANCIAL STATEMENTS REST EZ, INC. BALANCE SHEETS September 30, March 31, 2023 2023 ASSETS Current assets Cash $ 117 $ 44 Inventory 2,550 2,550 Total Current Assets 2,667 2,594 Total Assets 2,667 2,594 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Accounts payable - 96 Income taxes payable 41,687 41,687 Loan from related party 148,215 131,375 Total current liabilities 189,902 173,158 Stockholders' deficit Common stock, $ 0.001 par value, 100,000,000 shares authorized, 20,000 shares issued and outstanding as of September 30, 2023 and March 31, 2023 20 20,000 Additional paid-in capital 147,237 121,589 Accumulated deficit ( 334,492 ) ( 312,153 ) Total stockholders' deficit ( 187,235 ) ( 170,564 ) Total liabilities and stockholders' deficit $ 2,667 $ 2,594 The accompanying notes are an integral part of the unaudited financial statements. 4 Table of Contents REST EZ, INC. (UNAUDITED) For the For the Three Months Ended Six Months Ended September 30, September 30, 2023 2022 2023 2022 Revenue $ - $ - $ - $ - Cost of goods sold - - - - Gross profit - - - - Operating expenses: General and administrative 12,961 5,122 16,671 9,118 Total operating expenses 12,961 5,122 16,671 9,118 Net operating loss ( 12,961 ) ( 5,122 ) ( 16,671 ) ( 9,118 ) Other expense: Interest expense ( 3,594 ) ( 2,544 ) ( 5,668 ) ( 5,085 ) Total other expense ( 3,594 ) ( 2,544 ) ( 5,668 ) ( 5,085 ) Loss before provision for income taxes ( 16,555 ) ( 7,666 ) ( 22,339 ) ( 14,203 ) Provision for income taxes - - - - Net loss $ ( 16,555 ) $ ( 7,666 ) $ ( 22,339 ) $ ( 14,203 ) Net loss per share - basic $ ( 0.83 ) $ ( 0.38 ) $ ( 1.12 ) $ ( 0.71 ) Net loss per share - diluted $ ( 0.83 ) $ ( 0.38 )

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

Forward Looking Statements

Forward Looking Statements The following discussion should be read in conjunction with the consolidated financial statements and the related notes thereto, as well as all other related notes, and financial and operational references, appearing elsewhere in this document. Certain information contained in this discussion and elsewhere in this report may include "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and is subject to the safe harbor created by that act. The safe harbor created by the Private Securities Litigation Reform Act will not apply to certain "forward looking statements" because we issued "penny stock" (as defined in Section 3(a)(51) of the Securities Exchange Act of 1934 and Rule 3(a)(51-1) under the Exchange Act) during the three year period preceding the date(s) on which those forward looking statements were first made, except to the extent otherwise specifically provided by rule, regulation or order of the Securities and Exchange Commission. We caution readers that certain important factors may affect our actual results and could cause such results to differ materially from any forward-looking statements which may be deemed to have been made in this Report or which are otherwise made by or on our behalf. For this purpose, any statements contained in this report that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the generality of the foregoing, words such as "may", "will", "expect", "believe", "explore", "consider", "anticipate", "intend", "could", "estimate", "plan", "propose" or "continue" or the negative variations of those words or comparable terminology are intended to identify forward-looking statements. Factors that may affect our results include, but are not limited to, the risks and uncertainties associated with: Our ability to raise capital necessary to sustain our anticipated operations and implement our business plan, Our

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View this 10-Q filing on SEC EDGAR