Tribal Rides International Corp. Files 10-Q for June 2024

TL;DR

Tribal Rides (XNDA) filed their Q2 2024 10-Q. Check financials.

AI Summary

Tribal Rides International Corp. filed a 10-Q for the period ending June 30, 2024. 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 an update on Tribal Rides International Corp.'s financial performance and operational status for the second quarter of 2024, which is crucial for investors and stakeholders to assess the company's trajectory.

Risk Assessment

Risk Level: medium — The filing is a standard quarterly report, but the company has undergone name changes, suggesting potential restructuring or shifts in business focus.

Key Numbers

• 20240630 — Reporting Period End Date (Indicates the end of the fiscal quarter for which financial information is reported.)
• 20250205 — Filing Date (The date the 10-Q report was officially submitted to the SEC.)

Key Players & Entities

• Tribal Rides International Corp. (company) — Filer of the 10-Q
• XINDA INTERNATIONAL CORP. (company) — Former company name
• TriMax Consulting, Inc. (company) — Former company name
• 20240630 (date) — End of reporting period
• 20250205 (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

• tribalrides_i10q-063024.htm (10-Q) — 607KB
• tribalrides_ex3101.htm (EX-31.1) — 11KB
• tribalrides_ex3102.htm (EX-31.2) — 11KB
• tribalrides_ex3201.htm (EX-32.1) — 4KB
• tribalrides_ex3202.htm (EX-32.2) — 4KB
• 0001683168-25-000708.txt ( ) — 3959KB
• xnda-20240630.xsd (EX-101.SCH) — 35KB
• xnda-20240630_cal.xml (EX-101.CAL) — 36KB
• xnda-20240630_def.xml (EX-101.DEF) — 135KB
• xnda-20240630_lab.xml (EX-101.LAB) — 298KB
• xnda-20240630_pre.xml (EX-101.PRE) — 248KB
• tribalrides_i10q-063024_htm.xml (XML) — 505KB

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 22

Quantitative and Qualitative Disclosures About Market Risk

Item 3. Quantitative and Qualitative Disclosures About Market Risk 27

Controls and Procedures

Item 4. Controls and Procedures 27

– 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

Other Information

Item 5. Other Information 28

Exhibits

Item 6. Exhibits 29

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION Item 1. Financial INDEX TO FINANCIAL STATEMENTS Page Condensed Balance Sheets at June 30, 2024 (unaudited) and December 31, 2023 4 Condensed Statements of Operations (unaudited) for the three and six months ended June 30, 2024 and 2023 5 Condensed Statements of Changes in Stockholders' Deficit (unaudited) for the six months ended June 30, 2024 and 2023 6 Condensed Statements of Cash Flows (unaudited) for the six months ended June 30, 2024 and 2023 7 Condensed Notes to Unaudited Financial Statements 8 3 TRIBAL RIDES INTERNATIONAL CORP. CONDENSED BALANCE SHEETS June 30, 2024 (Unaudited) December 31, 2023 (Audited) ASSETS Current assets: Cash $ – $ – Prepaid expenses – 35,700 Total current assets – 35,700 Software and equipment, net 136,284 136,284 Patents, net 6,173 6,173 Total noncurrent assets 142,457 142,457 Total Assets $ 142,457 $ 178,157 LIABILITIES AND STOCKHOLDERS' DEFICIT Current liabilities: Accounts payable and accrued liabilities $ 240,788 $ 237,657 Deferred revenue 9 9 Notes payable, net of debt discount 413,075 431,302 Derivative liability 18,227 – Due to related party 216,350 213,350 Total current liabilities 888,450 882,318 Total Liabilities 888,450 882,318 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 June 30, 2024 and December 31, 2023, respectively 396 396 Common stock to be issued, 4,641,226 and 1,624,000 shares as of June 30, 2024 and December 31, 2023, respectively 46 46 Additional paid-in capital 2,147,393 2,147,393 Accumulated deficit ( 2,893,828 ) ( 2,851,996 ) Total Stockholders' Deficit ( 745,993 ) ( 704,161 ) Total Liabilities and Stockholders' Deficit $ 142,457 $ 178,157 See accompanying Notes to Condensed Financial

View Full Filing

View this 10-Q filing on SEC EDGAR