HUMBL, INC. Files Q1 2024 10-Q Report
Ticker: RWAX · Form: 10-Q · Filed: May 20, 2024 · CIK: 1119190
| Field | Detail |
|---|---|
| Company | Humbl, Inc. (RWAX) |
| Form Type | 10-Q |
| Filed Date | May 20, 2024 |
| Risk Level | medium |
| Pages | 16 |
| Reading Time | 19 min |
| Key Dollar Amounts | $0.00001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, quarterly-report, financials
TL;DR
HUMBL, INC. dropped its Q1 2024 10-Q. Check financials.
AI Summary
HUMBL, INC. filed its quarterly report for the period ending March 31, 2024. The company, formerly known as Tesoro Enterprises, Inc., is incorporated in Delaware and operates in the wholesale durable goods sector. The filing details financial information and business operations for the first quarter of 2024.
Why It Matters
This filing provides investors and stakeholders with an update on HUMBL, INC.'s financial performance and operational status for the first quarter of 2024, crucial for assessing the company's current health and future prospects.
Risk Assessment
Risk Level: medium — As a 10-Q filing, it contains detailed financial information that could reveal significant positive or negative developments, impacting the company's stock value.
Key Numbers
- 20240331 — Reporting Period End Date (Indicates the end of the fiscal quarter covered by the report.)
- 20240520 — Filing Date (The date the 10-Q report was officially submitted to the SEC.)
Key Players & Entities
- HUMBL, INC. (company) — Filer of the 10-Q report
- Tesoro Enterprises, Inc. (company) — Former name of HUMBL, INC.
- 20240331 (date) — End of the reporting period
- 20240520 (date) — Filing date of the report
FAQ
What were HUMBL, INC.'s key financial results for the quarter ending March 31, 2024?
The provided text is a header and does not contain specific financial results like revenue, net income, or earnings per share for the quarter ending March 31, 2024. A full review of the 10-Q document is required for this information.
What is HUMBL, INC.'s primary business sector?
HUMBL, INC. is classified under the Standard Industrial Classification code 5000, which corresponds to Wholesale - Durable Goods.
When was HUMBL, INC. previously known by another name?
HUMBL, INC. was formerly known as Tesoro Enterprises, Inc., with a name change date of July 12, 2010.
What is the fiscal year-end for HUMBL, INC.?
The fiscal year-end for HUMBL, INC. is December 31.
What is the SEC file number for HUMBL, INC.?
The SEC file number for HUMBL, INC. is 000-31267.
Filing Stats: 4,706 words · 19 min read · ~16 pages · Grade level 16.3 · Accepted 2024-05-20 16:16:18
Key Financial Figures
- $0.00001 — ch registered Common Stock, par value $0.00001 per share HMBL OTC Pink Indicate
Filing Documents
- form10-q.htm (10-Q) — 1909KB
- ex31-1.htm (EX-31.1) — 18KB
- ex31-2.htm (EX-31.2) — 18KB
- ex32-1.htm (EX-32.1) — 11KB
- 0001493152-24-020689.txt ( ) — 10250KB
- hmbl-20240331.xsd (EX-101.SCH) — 73KB
- hmbl-20240331_cal.xml (EX-101.CAL) — 73KB
- hmbl-20240331_def.xml (EX-101.DEF) — 409KB
- hmbl-20240331_lab.xml (EX-101.LAB) — 562KB
- hmbl-20240331_pre.xml (EX-101.PRE) — 510KB
- form10-q_htm.xml (XML) — 1688KB
Signatures
Signatures 46 i PART I — FINANCIAL INFORMATION ITEM 1. FINANCIAL STATEMENTS CONDENSED CONSOLIDATED FINANCIAL STATEMENTS MARCH 31, 2024 Table of Contents Condensed Consolidated Balance Sheets 2 Condensed Consolidated Statements of Operations 3 Condensed Consolidated Statements of Changes in Stockholders' Equity (Deficit) 4 Condensed Consolidated Statements of Cash Flows 5 Notes to Condensed Consolidated Financial Statements 6 1 HUMBL, INC CONDENSED CONSOLIDATED BALANCE SHEETS (IN US$) MARCH 31, 2024 (UNAUDITED) AND DECEMBER 31, 2023 MARCH 31, DECEMBER 31, 2024 2023 (UNAUDITED) ASSETS Current Assets: Cash $ 32,403 $ 368,480 Assets related to user cryptocurrencies safeguarding obligation 19,034 34,217 Accounts receivable - 36,048 Inventory, net 246,983 289,940 Prepaid expenses and other current assets 45,880 106,082 Investment - Avrio 2,800,000 - Total Current Assets 3,144,300 834,767 Non-Current Assets: Fixed assets, net of depreciation 10,521 12,526 Intangible assets, net of amortization 238,795 655,046 Total Non-Current Assets 249,316 667,572 TOTAL ASSETS $ 3,393,616 $ 1,502,339 LIABILITIES AND STOCKHOLDERS' DEFICIT LIABILITIES Current Liabilities: Accounts payable and accrued expenses $ 1,613,239 $ 1,367,797 User cryptocurrencies safeguarding obligation 19,034 34,217 Contingent consideration - 565,815 Derivative liabilities 33,121 63,316 Current portion of notes payable - bank 4,718 5,022 Current portion of notes payable - - Current portion of notes payable - related parties 334,525 233,685 Current portion of notes payable 334,525 233,685 Convertible notes payable - related parties, net of current portion 781,830 1,381,830 Current portion of convertible notes payable, net of discount 2,414,984 1,873,885 Total Current Liabilities 5,201,451 5,525,567 Long-Term Liabilities: Notes payable - bank, net of current portion 1,7