HUMBL, INC. Files Q3 2024 10-Q Report
Ticker: RWAX · Form: 10-Q · Filed: Nov 19, 2024 · CIK: 1119190
| Field | Detail |
|---|---|
| Company | Humbl, Inc. (RWAX) |
| Form Type | 10-Q |
| Filed Date | Nov 19, 2024 |
| Risk Level | medium |
| Pages | 16 |
| Reading Time | 20 min |
| Key Dollar Amounts | $0.00001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, financials, SEC filing
TL;DR
**HUMBL 10-Q OUT: Q3 financials filed. Check for updates.**
AI Summary
HUMBL, INC. filed its 10-Q for the period ending September 30, 2024. The filing details financial performance and operational updates for the third quarter. Key financial data and disclosures relevant to investors are presented, including balance sheet information and statements of operations.
Why It Matters
This 10-Q filing provides investors with a crucial update on HUMBL, INC.'s financial health and operational status as of Q3 2024, impacting investment decisions.
Risk Assessment
Risk Level: medium — As a 10-Q filing, it contains detailed financial information that could reveal significant risks or opportunities for the company.
Key Numbers
- 2024-09-30 — Reporting Period End Date (Indicates the end of the fiscal quarter for which financial data is reported.)
- 2024-11-19 — Filing Date (The date the 10-Q was officially submitted to the SEC.)
Key Players & Entities
- HUMBL, INC. (company) — Filer of the 10-Q
- 2024-09-30 (date) — End of the reporting period
- 2024-11-19 (date) — Filing date
- Tesoro Enterprises, Inc. (company) — Former company name
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is the quarter ended September 30, 2024.
When was this 10-Q filed with the SEC?
This 10-Q was filed on November 19, 2024.
What was HUMBL, INC.'s former company name?
HUMBL, INC. was formerly known as Tesoro Enterprises, Inc., among other previous names.
Does the filing include financial data for the previous year?
Yes, the filing includes comparative data for periods ending September 30, 2023, and December 31, 2023.
What is the fiscal year end for HUMBL, INC.?
HUMBL, INC.'s fiscal year ends on December 31.
Filing Stats: 4,911 words · 20 min read · ~16 pages · Grade level 19.5 · Accepted 2024-11-19 16:00:38
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) — 2052KB
- ex31-1.htm (EX-31.1) — 18KB
- ex31-2.htm (EX-31.2) — 18KB
- ex32-1.htm (EX-32.1) — 11KB
- 0001493152-24-046795.txt ( ) — 11226KB
- hmbl-20240930.xsd (EX-101.SCH) — 82KB
- hmbl-20240930_cal.xml (EX-101.CAL) — 77KB
- hmbl-20240930_def.xml (EX-101.DEF) — 436KB
- hmbl-20240930_lab.xml (EX-101.LAB) — 607KB
- hmbl-20240930_pre.xml (EX-101.PRE) — 541KB
- form10-q_htm.xml (XML) — 1824KB
Financial Information
Part I. Financial Information 1 Item 1. Condensed Consolidated Financial Statements (Unaudited) 1 Condensed Consolidated Balance Sheets (Unaudited) 2 Condensed Consolidated Statements of Operations (Unaudited) 3 Condensed Consolidated Statements of Changes in Stockholders' Equity (Deficit) (Unaudited) 4 Condensed Consolidated Statements of Cash Flows (Unaudited) 5 Notes to Condensed Consolidated Financial Statements (Unaudited) 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 38 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 44 Item 4.
Controls and Procedures
Controls and Procedures 44
Other Information
Part II. Other Information 45 Item 1.
Legal Proceedings
Legal Proceedings 45 Item 1A.
Risk Factors
Risk Factors 45 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 45 Item 3. Default Upon Senior Securities 45 Item 4. Mine Safety Disclosures 45 Item 5. Other Information 45 Item 6. Exhibits 46
Signatures
Signatures 47 i PART I — FINANCIAL INFORMATION ITEM 1. FINANCIAL STATEMENTS CONDENSED CONSOLIDATED FINANCIAL STATEMENTS SEPTEMBER 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$) SEPTEMBER 30, 2024 (UNAUDITED) AND DECEMBER 31, 2023 2024 2023 ASSETS SEPTEMBER 30, DECEMBER 31, 2024 2023 (UNAUDITED) Current Assets: Cash $ 274,173 $ 363,254 Assets related to user cryptocurrencies safeguarding obligation 391 34,217 Accounts receivable - 30,000 Inventory, net 218,086 289,940 Prepaid expenses and other current assets 4,856 106,082 Investment - Avrio 2,800,000 - Current assets of discontinued operations - 11,274 Total Current Assets 3,297,506 834,767 Non-Current Assets: Fixed assets, net of depreciation 6,991 12,526 Intangible assets, net of amortization 229,628 243,379 Non-current assets of discontinued operations - 411,667 Total Non-Current Assets 236,619 667,572 TOTAL ASSETS $ 3,534,125 $ 1,502,339 LIABILITIES AND STOCKHOLDERS' DEFICIT LIABILITIES Current Liabilities: Accounts payable and accrued expenses $ 1,410,569 $ 1,300,655 User cryptocurrencies safeguarding obligation 391 34,217 Contingent consideration - 565,815 Derivative liabilities 33,082 63,316 Current portion of notes payable 551,955 - Current portion of notes payable - related parties 578,000 200,000 Current portion of notes payable 578,000 200,000 Convertible notes payable - related parties, net of current portion 421,830 1,381,830 Current portion of convertible notes payable, net of discount 2,231,149 1,873,885 Current liabilities of discontinued opera