Sentient Brands Holdings Inc. Files Q3 2024 10-Q

TL;DR

Sentient Brands Holdings Inc. filed its Q3 2024 10-Q. Check financials.

AI Summary

Sentient Brands Holdings Inc. filed its 10-Q for the period ending September 30, 2024. The filing covers the third quarter and the first nine months of the fiscal year. Key financial data and business operations for this period are detailed within the report.

Why It Matters

This filing provides investors with an update on Sentient Brands Holdings Inc.'s financial performance and operational status for the third quarter of 2024.

Risk Assessment

Risk Level: medium — As a 10-Q filing, it contains detailed financial information which can be complex and subject to interpretation, requiring careful analysis.

Key Numbers

• 2024-09-30 — Period End Date (Latest reported quarter)
• 2024-11-19 — Filing Date (Date the report was submitted)
• 2024-01-01 — Quarter Start Date (Beginning of the reporting period)

Key Players & Entities

• SENTIENT BRANDS HOLDINGS INC. (company) — Filer
• 0001358633 (company) — Central Index Key
• 20240930 (date) — Period of Report
• 20241119 (date) — Filing Date
• 590 MADISON AVE (address) — Business Address
• NEW YORK (location) — Business Address City
• Intelligent Buying, Inc. (company) — Former Company Name

FAQ

Key Financial Figures

• $0.001 — 0,518 shares of common stock, par value $0.001 per share, were issued and outstanding.

Filing Documents

• e6116_10q.htm (10-Q) — 729KB
• e6116_ex31-1.htm (EX-31.1) — 15KB
• e6116_ex31-2.htm (EX-31.2) — 15KB
• e6116_ex32.htm (EX-32) — 7KB
• 0001731122-24-001835.txt ( ) — 3206KB
• snbh-20240930.xsd (EX-101.SCH) — 24KB
• snbh-20240930_cal.xml (EX-101.CAL) — 31KB
• snbh-20240930_def.xml (EX-101.DEF) — 80KB
• snbh-20240930_lab.xml (EX-101.LAB) — 226KB
• snbh-20240930_pre.xml (EX-101.PRE) — 185KB
• e6116_10q_htm.xml (XML) — 305KB

- FINANCIAL INFORMATION

PART I. - FINANCIAL INFORMATION 1 Item 1.

Financial Statements

Financial Statements 1 Consolidated Balance Sheets as of September 30, 2024 (Unaudited) and December 31, 2023 1 Unaudited Consolidated Statements of Operations and Comprehensive Loss for the three and nine months ended September 30, 2024 and 2023 2 Unaudited Consolidated Statement of Changes in Stockholders' Equity for the nine months ended September 30, 2024 and 2023 3 Unaudited Consolidated Statements of Cash Flows for the nine months ended September 30, 2024 and 2023 4 Notes to Unaudited Consolidated Financial Statements September 30, 2024 5 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 14 Item 3

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 22 Item 4

Controls and Procedures

Controls and Procedures 22

- OTHER INFORMATION

PART II - OTHER INFORMATION 24 Item 1.

Legal Proceedings

Legal Proceedings 24 Item 1A.

Risk Factors

Risk Factors 24 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 24 Item 3. Defaults upon Senior Securities 24 Item 4. Mine Safety Disclosures 24 Item 5. Other Information 25 Item 6. Exhibits 27

FORWARD LOOKING STATEMENTS

FORWARD LOOKING STATEMENTS This report contains forward-looking statements regarding our business, financial condition, results of operations and prospects. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates" and similar expressions or variations of such words are intended to identify forward-looking statements but are not deemed to represent an all-inclusive means of identifying forward-looking statements as denoted in this report. Additionally, statements concerning future matters are forward-looking statements. Although forward-looking statements in this report reflect the good faith judgment of our management, such statements can only be based on facts and factors currently known by us. Consequently, forward-looking statements are inherently subject to risks and uncertainties and actual results and outcomes may differ materially from the results and outcomes discussed in or anticipated by the forward-looking statements. Factors that could cause or contribute to such differences in results and outcomes include, without limitation, those specifically addressed under the headings "Risks Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our annual report on Form 10-K, in "Management's Discussion and Analysis of Financial Condition and Results of Operations" in this Form 10-Q and information contained in other reports that we file with the SEC. You are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this report. We file reports with the SEC. The SEC maintains a website (www.sec.gov) that contains reports, proxy and information statements, and other information regarding issuers that file electronically with the SEC, including us. You can also read and copy any materials we file with the SEC at the SEC's Public Reference Room at 100 F Street, NE, Washington, DC 20549. You can obtain additional information about th

Financial Statements

Item 1. Financial Statements. SENTIENT BRANDS HOLDINGS INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS September 30, 2024 December 31, 2023 Unaudited Audited ASSETS CURRENT ASSETS Cash $ 1,452 $ 1,299 Prepaid expenses 780 8,453 Inventory — 150,000 TOTAL CURRENT ASSETS 2,232 159,752 FIXED ASSETS (net of Depreciation) 20,834 23,742 TOTAL ASSETS $ 23,066 $ 183,494 LIABILITIES AND STOCKHOLDERS' DEFICIENCY CURRENT LIABILITIES Accounts payable and accrued expenses $ 817,055 $ 725,066 Subscriptions payable 105,000 — Notes payable 544,691 533,191 Convertible Notes Payable 809,047 859,047 TOTAL CURRENT LIABILITIES 2,275,823 2,117,304 TOTAL LIABILITIES $ 2,275,823 $ 2,117,304 STOCKHOLDERS' DEFICIENCY Preferred Stock – Par Value of $ 0.001 ; 25,000,000 shares authorized; 1,000,000 shares issued and outstanding as of September 30, 2024 and December 31, 2023 1,000 1,000 Common Stock - Par Value of $ 0.001 ; 500,000,000 shares authorized; 64,870,518 and 56,140,518 shares issued and outstanding as of September 30, 2024 and December 31, 2023 64,871 56,141 Common Stock to be issued 68,054 — Additional paid-in capital 2,080,447 1,542,429 Accumulated deficit ( 4,467,129 ) ( 3,533,380 ) TOTAL STOCKHOLDERS' DEFICIENCY ( 2,252,757 ) ( 1,933,810 ) TOTAL LIABILITIES & STOCKHOLDERS' DEFICIENCY $ 23,066 $ 183,494 The accompanying notes are an integral part of these unaudited consolidated financial statements. 1 SENTIENT BRANDS HOLDINGS INC. CONDENSED STATEMENTS OF OPERATIONS (UNAUDITED) Three months ended September 30 Nine months ended September 30 2024 2023 2024 2023 Sales $ — $ — $ — $ 150 Cost of sales — — — 50 Gross profit (loss) — — — 100 Operating expenses: Advertising and marketing — 69 — 1,056 General and administrative 18,766 2,430 43,026 52,698 Legal and profes

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View this 10-Q filing on SEC EDGAR