Tribal Rides International Corp. Files 10-Q

TL;DR

Tribal Rides (XNDA) filed its Q3 2023 10-Q. Financials and operations update.

AI Summary

Tribal Rides International Corp. filed a 10-Q for the period ending September 30, 2023. The company, formerly known as XINDA INTERNATIONAL CORP. and TriMax Consulting, Inc., is incorporated in Nevada and operates in business services. Their principal business address is in Mission Viejo, California.

Why It Matters

This filing provides a quarterly update on Tribal Rides International Corp.'s financial performance and operational status, which is crucial for investors and stakeholders to assess the company's health.

Risk Assessment

Risk Level: low — This is a routine quarterly filing (10-Q) and does not inherently indicate new or elevated risks.

Key Numbers

• 20230930 — Reporting Period End Date (Indicates the end of the fiscal quarter for which financial information is reported.)
• 20240627 — Filing Date (Shows when the 10-Q was officially submitted to the SEC.)

Key Players & Entities

• Tribal Rides International Corp. (company) — Filer of the 10-Q
• XINDA INTERNATIONAL CORP. (company) — Former name of Tribal Rides International Corp.
• TriMax Consulting, Inc. (company) — Former name of Tribal Rides International Corp.
• 20230930 (date) — End of the reporting period
• 20240627 (date) — Filing date
• Mission Viejo, CA (location) — Business and mailing address

FAQ

Key Financial Figures

• $3,500 — pay Mr. Smith monthly cash payments of $3,500. The amounts charged by Mr. Smith for s
• $8,000 — is to receive monthly cash payments of $8,000. His company performs services related

Filing Documents

• tribal_i10q-093023.htm (10-Q) — 644KB
• tribal_ex3101.htm (EX-31.1) — 11KB
• tribal_ex3102.htm (EX-31.2) — 11KB
• tribal_ex3201.htm (EX-32.1) — 4KB
• tribal_ex3202.htm (EX-32.2) — 4KB
• 0001683168-24-004519.txt ( ) — 3860KB
• xnda-20230930.xsd (EX-101.SCH) — 38KB
• xnda-20230930_cal.xml (EX-101.CAL) — 38KB
• xnda-20230930_def.xml (EX-101.DEF) — 131KB
• xnda-20230930_lab.xml (EX-101.LAB) — 258KB
• xnda-20230930_pre.xml (EX-101.PRE) — 216KB
• tribal_i10q-093023_htm.xml (XML) — 528KB

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION 3

Financial Statements

Item 1. Financial Statements 3

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 21

Quantitative and Qualitative Disclosures About Market Risk

Item 3. Quantitative and Qualitative Disclosures About Market Risk 26

Controls and Procedures

Item 4. Controls and Procedures 26

– OTHER INFORMATION

PART II – OTHER INFORMATION 28

Unregistered sales of equity securities and use of proceeds

Item 2. Unregistered sales of equity securities and use of proceeds 28

Exhibits

Item 6. Exhibits 29 S ignatures 30 2

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION Item 1.

Financial Statements

Financial Statements INDEX TO FINANCIAL STATEMENTS Page Condensed Balance Sheets at September 30, 2023 (unaudited) and December 31, 2022 4 Condensed Statements of Operations (unaudited) for the three and nine months ended September 30, 2023 and 2022 5 Condensed Statements of Changes in Stockholders' Deficit (unaudited) for the nine months ended September 30, 2023 and 2022 6 Condensed Statements of Cash Flows (unaudited) for the nine months ended September 30, 2023 and 2022 7 Condensed Notes to Unaudited Financial Statements 8 3 TRIBAL RIDES INTERNATIONAL CORP. CONDENSED BALANCE SHEETS September 30, 2023 (Unaudited) December 31, 2022 (Audited) ASSETS Current assets: Cash $ – $ 4,213 Prepaid expenses 107,100 – Total current assets 107,100 4,213 Software and equipment, net 136,284 126,860 Patents, net 6,173 6,579 Total noncurrent assets 142,457 133,439 Total Assets $ 249,557 $ 137,652 LIABILITIES AND STOCKHOLDERS' DEFICIT Current liabilities: Bank overdraft $ 760 $ – Accounts payable and accrued liabilities $ 225,383 $ 92,573 Deferred revenue 9 9 Notes payable, net of debt discount 355,750 310,000 Derivative liability 18,227 – Due to related party 211,408 163,441 Total current liabilities 811,537 566,023 Total Liabilities 811,537 566,023 Commitments and contingencies – – Stockholders' equity (deficit): Common stock, $ 0.00001 par value, 500,000,000 shares authorized; 39,607,500 and 36,502,500 shares issued and outstanding as of September 30, 2023 and December 31, 2022, respectively 396 365 Common stock to be issued, 4,641,226 and 1,624,000 shares as of September 30, 2023 and December 31, 2022, respectively 46 16 Additional paid-in capital 2,126,643 1,591,654 Accumulated deficit ( 2,689,065 ) ( 2,020,406 ) Total Stockholders' Deficit ( 561,980 ) ( 428,371 ) Total Liabilities and Stockholders' Deficit $ 249,557 $ 137,652 See accompanyi

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