Tribal Rides International Corp. Files 2023 10-K

TL;DR

Tribal Rides Intl (XNDA) filed its 2023 10-K. Check financials.

AI Summary

Tribal Rides International Corp. filed its 10-K for the fiscal year ending December 31, 2023. The company, formerly known as XINDA INTERNATIONAL CORP. and TriMax Consulting, Inc., is incorporated in Nevada and operates in business services. Its principal business address is in Mission Viejo, California.

Why It Matters

This filing provides a comprehensive overview of Tribal Rides International Corp.'s financial performance and business operations for the fiscal year 2023, crucial for investors and stakeholders to assess the company's health and future prospects.

Risk Assessment

Risk Level: low — The provided text is a header and basic company information from a 10-K filing, lacking detailed financial performance or operational risk disclosures.

Key Players & Entities

• Tribal Rides International Corp. (company) — Filer
• XINDA INTERNATIONAL CORP. (company) — Former Company Name
• TriMax Consulting, Inc. (company) — Former Company Name
• 20231231 (date) — Fiscal Year End
• 20241002 (date) — Filing Date
• 7389 (number) — Standard Industrial Classification Code
• NV (state) — State of Incorporation
• CA (state) — Business Address State
• 92692 (zip_code) — Business Address Zip
• 805.729.1524 (phone_number) — Business Phone

FAQ

Key Financial Figures

• $0.00001 — (g) of the Act: Common Stock, Par Value $0.00001 Indicate by check mark if the registr
• $173 billion — expected to generate global revenue of $173 billion in the next three years and autonomous
• $2.195 billion — ogy. 3 The industry is forecasted to be $2.195 billion in 2030. ___________________________
• $117 billion — ket (UBER/Lyft/Didi, etc.) (Domestic) $117 billion forecasted for 2021. $220 billion for
• $220 billion — ) $117 billion forecasted for 2021. $220 billion forecasted by 2025; CAGR of 20.2%. Sm
• $85.8 billion — the forecast period, from an estimated $85.8 billion in 2021 to $185.1 billion by 2026. Ride
• $185.1 billion — m an estimated $85.8 billion in 2021 to $185.1 billion by 2026. Ride sharing services were the
• $0.01 — Company's Common Stock, exercisable at $0.01 per share, with 100,000 options awarded
• $1.00 — Company's Common Stock, exercisable at $1.00 per share to AJB Capital Investments, L
• $300,000 — vested on July 1, 2022, were valued at $300,000 or $0.30 per share which was the value
• $0.30 — uly 1, 2022, were valued at $300,000 or $0.30 per share which was the value of our st
• $25,000 — l share. The consideration received was $25,000. The warrants are exercisable immediate
• $0.10 — warrants are exercisable immediately at $0.10 per share, which was the fair market va
• $12,500 — el and recorded the resulting amount of $12,500 as an increase to additional paid-in ca
• $275,000 — ended September 30, 2023 were valued at $275,000, or $0.30 per share, which was the fair

Filing Documents

• tribal_i10k-123123.htm (10-K) — 737KB
• tribal_ex3101.htm (EX-31.1) — 11KB
• tribal_ex3102.htm (EX-31.2) — 11KB
• tribal_ex3201.htm (EX-32.1) — 2KB
• tribal_ex3202.htm (EX-32.2) — 2KB
• 0001683168-24-006824.txt ( ) — 3860KB
• xnda-20231231.xsd (EX-101.SCH) — 32KB
• xnda-20231231_cal.xml (EX-101.CAL) — 36KB
• xnda-20231231_def.xml (EX-101.DEF) — 92KB
• xnda-20231231_lab.xml (EX-101.LAB) — 284KB
• xnda-20231231_pre.xml (EX-101.PRE) — 226KB
• tribal_i10k-123123_htm.xml (XML) — 458KB

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS. 8 ITEM 7A.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK. 12 ITEM 8.

FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA. 12 ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE. 12 ITEM 9A.

CONTROLS AND PROCEDURES

CONTROLS AND PROCEDURES. 12 ITEM 9B. OTHER INFORMATION. 14 ITEM 9C. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS. 14 PART III 15 ITEM 10. DIRECTORS AND EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE. 15 ITEM 11.

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION. 17 ITEM 12.

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDERS MATTERS

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDERS MATTERS. 18 ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS AND DIRECTOR INDEPENDENCE. 19 ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES. 19 PART IV 21 ITEM 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES. 21 ITEM 16. FORM 10-K SUMMARY. 22

SIGNATURES

SIGNATURES 23 INDEX TO FINANCIAL STATEMENTS F-1 i

Forward-Looking Statements

Forward-Looking Statements The statements contained in this report that are not historical facts are forward-looking statements that represent management's beliefs and assumptions based on currently available information. Forward-looking statements include the information concerning possible or assumed future operations, business strategies, need for financing, competitive position, potential growth opportunities, ability to retain and recruit personnel, the effects of competition and the effects of future legislation or regulations. Forward-looking statements include all statements that are not historical facts and can be identified by the use of forward-looking terminology such as the words "believes," "intends," "may," "should," "anticipates," "expects," "could," "plans," or comparable terminology or by discussions of strategy or trends. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we cannot give any assurances that these expectations will prove to be correct. Such statements by their nature involve risks and uncertainties that could significantly affect expected results, and actual future results could differ materially from those described in such forward-looking Factors that may cause differences between actual results and those contemplated by forward-looking statements may include, but are not limited to the following: the unprecedented impact of COVID-19 pandemic on our business, customers, employees, subcontractors, consultants, service providers, stockholders, investors and other stakeholders; the impact of conflict between the Russian Federation and Ukraine on our operations; geo-political events, such as the crisis in Ukraine, government responses to such events and the related impact on the economy both nationally and internationally; general market and economic conditions; our ability to acquire customers; our ability to raise sufficient capital our ability to meet the

Business

Business Once we have developed our products and services, we plan on operating in a particularly complex legal and regulatory environment. Our business will be subject to a variety of U.S. federal, state, local and foreign laws, rules, and regulations, including those related to Internet activities, privacy, cybersecurity, data protection, intellectual property, competition, consumer protection, payments, labor and employment, transportation services, transportation network companies, licensing regulations and taxation. These laws and regulations are constantly evolving and may be interpreted, applied, created, or amended, in a manner that could harm our business. Employees As of September, 2024, we had no employees. All work is currently being accomplished by sub-contractors. ITEM 1A. RISK FACTORS. Not applicable to "smaller reporting companies." ITEM 1B. UNRESOLVED STAFF COMMENTS. None. 3 ITEM 1C. CYBERSECURITY. None. ITEM 2. PROPERTIES. Our current corporate offices are located at 26060 Acero, Mission Viejo, CA 92691. We have entered into a month-to-month agreement for lease of our corporate offices at no cost. Our telephone number is (949) 434-7259. ITEM 3. LEGAL PROCEEDINGS. We are currently not aware of any such legal proceedings or claims that we believe will have, individually or in the aggregate, a material adverse effect on our business, financial condition or operating results. From time to time, we may become involved in various lawsuits and legal proceedings, which arise in the ordinary course of business. However, litigation is subject to inherent uncertainties, and an adverse result in these or other matters may arise from time to time that may harm our business. ITEM 4. MINE SAFETY DISCLOSURES. Not applicable. 4 PART II ITEM 5. MARKET FOR COMPANY'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES. Our common stock is quoted on the OTC Pink under the symbol "XNDA." The table

View Full Filing

View this 10-K filing on SEC EDGAR