Asset Entities Inc. Files 2023 Annual Report on Form 10-K

TL;DR

<b>Asset Entities Inc. has filed its 2023 10-K annual report detailing its corporate structure and stock information.</b>

AI Summary

Asset Entities Inc. (SATA) filed a Annual Report (10-K) with the SEC on April 2, 2024. Asset Entities Inc. filed its annual report on Form 10-K for the fiscal year ended December 31, 2023. The company is incorporated in Nevada and its fiscal year ends on December 31. Its principal executive offices are located at 100 Crescent Ct, 7th Floor, Dallas, TX 75201. Asset Entities Inc. is registered with the SEC under file number 001-41612. The company's Class B Common Stock trades on The NASDAQ Stock Market LLC under the symbol ASST.

Why It Matters

For investors and stakeholders tracking Asset Entities Inc., this filing contains several important signals. This filing provides a comprehensive overview of the company's financial and operational status for the fiscal year 2023, crucial for investors to assess performance and future prospects. The report includes details on the company's stock, trading symbol, and exchange listing, which are key information points for shareholders and potential investors.

Risk Assessment

Risk Level: low — Asset Entities Inc. shows low risk based on this filing. The filing is a standard annual report (10-K) and does not contain immediate, significant financial or operational disclosures that would alter the risk profile based solely on this document.

Analyst Insight

Review the full 10-K filing for detailed financial statements, management discussion, and risk factors to form an investment thesis.

Key Numbers

• 2023-12-31 — Fiscal Year End (Fiscal year ended December 31, 2023)
• 001-41612 — SEC File Number (Commission File No.)
• ASST — Trading Symbol (Class B Common Stock, $0.0001 par value per share)

Key Players & Entities

• Asset Entities Inc. (company) — COMPANY CONFORMED NAME
• 0001213900-24-029033 (filing_id) — ACCESSION NUMBER
• 20231231 (date) — CONFORMED PERIOD OF REPORT
• 20240402 (date) — FILED AS OF DATE
• 001-41612 (filing_id) — SEC FILE NUMBER
• ASST (ticker) — Trading Symbol(s)
• The NASDAQ Stock Market LLC (company) — Name of each exchange on which registered

FAQ

Industry Context

Asset Entities Inc. operates within the software services industry, as indicated by its SIC code 7372.

Regulatory Implications

The company is subject to the reporting requirements of the Securities Exchange Act of 1934, including the filing of annual reports on Form 10-K.

What Investors Should Do

1. Analyze the full 10-K for detailed financial performance and operational segments.
2. Review the risk factors section for potential business and market challenges.
3. Monitor future filings for updates on the company's strategic direction and financial health.

Year-Over-Year Comparison

This is the initial 10-K filing for the fiscal year ended December 31, 2023, following the company's establishment or previous reporting periods.

Key Financial Figures

• $0.0001 — which registered Class B Common Stock, $0.0001 par value per share ASST The NASDAQ Sto
• $5,558,315 — e Company had an accumulated deficit of $5,558,315 at December 31, 2023, $2,924,323 in cas
• $2,924,323 — cit of $5,558,315 at December 31, 2023, $2,924,323 in cash at December 31, 2023, and a net
• $4,931,197 — at December 31, 2023, and a net loss of $4,931,197 during the year ended December 31, 2023

Filing Documents

• ea0202974-10k_assetenti.htm (10-K) — 1324KB
• ea020297401ex4-1_asset.htm (EX-4.1) — 51KB
• ea020297401ex10-30_asset.htm (EX-10.30) — 11KB
• ea020297401ex10-32_asset.htm (EX-10.32) — 12KB
• ea020297401ex23-1_asset.htm (EX-23.1) — 3KB
• ea020297401ex31-1_asset.htm (EX-31.1) — 10KB
• ea020297401ex31-2_asset.htm (EX-31.2) — 10KB
• ea020297401ex32-1_asset.htm (EX-32.1) — 4KB
• ea020297401ex32-2_asset.htm (EX-32.2) — 4KB
• ea020297401ex97-1_asset.htm (EX-97.1) — 27KB
• ea020297401ex99-1_asset.htm (EX-99.1) — 94KB
• image_001.jpg (GRAPHIC) — 28KB
• image_002.jpg (GRAPHIC) — 19KB
• 0001213900-24-029033.txt (&nbsp;) — 4798KB
• asst-20231231.xsd (EX-101.SCH) — 31KB
• asst-20231231_cal.xml (EX-101.CAL) — 20KB
• asst-20231231_def.xml (EX-101.DEF) — 172KB
• asst-20231231_lab.xml (EX-101.LAB) — 292KB
• asst-20231231_pre.xml (EX-101.PRE) — 165KB
• ea0202974-10k_assetenti_htm.xml (XML) — 306KB

Business

Business 1 Item 1A. Risk Factors 18 Item 1B. Unresolved Staff Comments 39 Item 1C. Cybersecurity 39 Item 2.

Properties

Properties 41 Item 3. Legal Proceedings 41 Item 4. Mine Safety Disclosures 41 PART II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 42 Item 6. [Reserved] 46 Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations 47 Item 7A. Quantitative and Qualitative Disclosures About Market Risk 58 Item 8. Financial 58 Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure 58 Item 9A. Controls and Procedures 58 Item 9B. Other Information 58 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 58 PART III Item 10. Directors, Executive Officers and Corporate Governance 59 Item 11. Executive Compensation 63 Item 12. Security 70 Item 13. Certain Relationships and Related Transactions, and Director Independence 72 Item 14. Principal Accountant Fees and Services 75 PART IV Item 15. Exhibit and Financial Statement Schedules 77 Item 16. Form 10-K Summary 78

Signatures

Signatures 79 i INTRODUCTORY NOTES Use of Terms Except as otherwise indicated by the context and for the purposes of this Annual Report on Form 10-K (this "Annual Report") only, references in this Annual Report to "we," "us," "our," the "Company," "Asset Entities," and "our company" are to Asset Entities Inc., a Nevada corporation. "Class A Common Stock" refers to the Company's Class A Common Stock, $0.0001 par value per share. "Class B Common Stock" refers to the Company's Class B Common Stock, $0.0001 par value per share. Note Regarding Trademarks, Trade Names and Service Marks We use various trademarks, trade names and service marks in our business, including "AE 360 DDM", "Asset Entities Where Assets Are Created", "SiN", "Social Influencer Network", and associated marks. For convenience, we may not include the SM, or symbols, but such omission is not meant to indicate that we would not protect our intellectual property rights to the fullest extent allowed by law. Any other trademarks, trade names or service marks referred to in this Annual Report are the property of their respective owners. Note Regarding Industry and Market Data We are responsible for the information contained in this Annual Report. This report includes industry data and forecasts that we obtained from industry publications and surveys as well as public filings and internal company sources. Industry publications, surveys and forecasts generally state that the information contained therein has been obtained from sources believed to be reliable. Statements as to our ranking, market position and market estimates are based on third-party forecasts, management's estimates and assumptions about our markets and our internal research. We have not independently verified such third-party information, nor have we ascertained the underlying economic assumptions relied upon in those sources. While we believe that all such information contained in this Annual Report is accurate and complete,

Forward-Looking Statements

Forward-Looking Statements This report contains forward-looking statements that are based on our management's beliefs and assumptions and on information currently available to us. All statements other than statements of historical facts are forward-looking statements. These statements relate to future events or to our future financial performance and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Forward-looking statements include, but are not limited to, statements about: the impact of the COVID-19 pandemic on our operations and financial condition; our ability to introduce new products and services; our ability to obtain additional funding to develop additional services and offerings; compliance with obligations under intellectual property licenses with third parties; market acceptance of our new offerings; competition from existing online offerings or new offerings that may emerge; our ability to establish or maintain collaborations, licensing or other arrangements; our ability and third parties' abilities to protect intellectual property rights; our ability to adequately support future growth; our goals and strategies; our future business development, financial condition and results of operations; ii expected changes in our revenue, costs or expenditures; growth of and competition trends in our industry; the accuracy and completeness of the data underlying our or third-party sources' industry and market analyses and projections; our expectations regarding demand for, and market acceptance of, our services; our expectations regarding our relationships with investors, institutional funding partners and other parties with whom we collaborate; fluctuations in general economic

View Full Filing

View this 10-K filing on SEC EDGAR