HUMBL, INC. Files Q2 2024 10-Q Report

TL;DR

HUMBL Q2 10-Q filed. Financials updated.

AI Summary

HUMBL, INC. filed its 10-Q for the period ending June 30, 2024. The company reported its financial performance and condition, including details on its assets, liabilities, and equity. Specific financial figures and operational highlights for the quarter and year-to-date are detailed within the report.

Why It Matters

This filing provides investors with a crucial update on HUMBL, INC.'s financial health and operational progress for the second quarter of 2024, impacting investment decisions.

Risk Assessment

Risk Level: medium — 10-Q filings are standard for public companies, but the specific financial details and operational performance within this report will determine the actual risk level for investors.

Key Numbers

• 20240630 — End of Reporting Period (Indicates the specific date for which financial data is reported.)
• 20240819 — Filing Date (Shows when the 10-Q was officially submitted to the SEC.)

Key Players & Entities

• HUMBL, INC. (company) — Filer of the 10-Q report
• 20240630 (date) — End of the reporting period
• 20240819 (date) — Filing date of the report
• Tesoro Enterprises, Inc. (company) — Former company name

FAQ

Key Financial Figures

• $0.00001 — ch registered Common Stock, par value $0.00001 per share HMBL OTC Pink Indicate
• $40,000 — he President and CEO of HUMBL LLC for a $40,000 note payable. The Series A Preferred St

Filing Documents

• form10-q.htm (10-Q) — 2473KB
• ex31-1.htm (EX-31.1) — 18KB
• ex31-2.htm (EX-31.2) — 18KB
• ex32-1.htm (EX-32.1) — 11KB
• 0001493152-24-033107.txt ( ) — 11834KB
• hmbl-20240630.xsd (EX-101.SCH) — 80KB
• hmbl-20240630_cal.xml (EX-101.CAL) — 77KB
• hmbl-20240630_def.xml (EX-101.DEF) — 431KB
• hmbl-20240630_lab.xml (EX-101.LAB) — 602KB
• hmbl-20240630_pre.xml (EX-101.PRE) — 535KB
• form10-q_htm.xml (XML) — 2018KB

Signatures

Signatures 47 i PART I — FINANCIAL INFORMATION ITEM 1. FINANCIAL STATEMENTS CONDENSED CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 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$) JUNE 30, 2024 (UNAUDITED) AND DECEMBER 31, 2023 2024 2023 JUNE 30, DECEMBER 31, 2024 2023 (UNAUDITED) ASSETS Current Assets: Cash $ 12,053 $ 363,254 Assets related to user cryptocurrencies safeguarding obligation 12,559 34,217 Accounts receivable - 30,000 Inventory, net 251,090 289,940 Prepaid expenses and other current assets 18,422 106,082 Investment - Avrio 2,800,000 - Current assets of discontinued operations - 11,274 Total Current Assets 3,094,124 834,767 Non-Current Assets: Fixed assets, net of depreciation 8,515 12,526 Intangible assets, net of amortization 234,211 243,379 Non-current assets of discontinued operations - 411,667 Total Non-Current Assets 242,726 667,572 TOTAL ASSETS $ 3,336,850 $ 1,502,339 LIABILITIES AND STOCKHOLDERS' DEFICIT LIABILITIES Current Liabilities: Accounts payable and accrued expenses $ 1,427,809 $ 1,300,655 User cryptocurrencies safeguarding obligation 12,559 34,217 Contingent consideration - 565,815 Derivative liabilities 33,112 63,316 Current portion of notes payable - bank - - Current portion of notes payable 34,063 - Current portion of notes payable - related parties 343,958 200,000 Current portion of notes payable 343,958 200,000 Convertible notes payable - related parties, net of current portion 421,830 1,381,830 Current portion of convertible notes payable, net of discount 2,395,570 1,873,885 Cur

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View this 10-Q filing on SEC EDGAR