Strategic Acquisitions Inc. Files 2023 Annual Report on Form 10-K

TL;DR

<b>Strategic Acquisitions Inc. has filed its 2023 annual report (10-K) detailing its financial performance and corporate activities.</b>

AI Summary

STRATEGIC ACQUISITIONS INC /NV/ (STQN) filed a Annual Report (10-K) with the SEC on March 26, 2024. Strategic Acquisitions Inc. filed its 2023 Form 10-K on March 26, 2024. The company's fiscal year ends on December 31st. Incorporated in Nevada, the company's principal business address is in New York, NY. The filing references related party members and common stock transactions. Key dates include the fiscal year end of 2023-12-31 and the filing date of 2024-03-26.

Why It Matters

For investors and stakeholders tracking STRATEGIC ACQUISITIONS INC /NV/, this filing contains several important signals. This 10-K filing provides a comprehensive overview of the company's financial health, operational strategies, and risk factors for the fiscal year ended December 31, 2023. Investors and analysts can use this report to assess the company's performance, understand its business model, and evaluate potential investment opportunities or risks.

Risk Assessment

Risk Level: low — STRATEGIC ACQUISITIONS INC /NV/ shows low risk based on this filing. The filing is a standard 10-K, which is a routine annual report and does not contain immediate red flags or significant negative developments.

Analyst Insight

Review the detailed financial statements and risk factors within the 10-K to understand Strategic Acquisitions Inc.'s operational performance and future outlook.

Key Numbers

• 2023-12-31 — Fiscal Year End (Conformed period of report)
• 2024-03-26 — Filing Date (Filed as of date)
• 62 — Public Document Count (Total documents in the filing)
• 133506506 — IRS Number (Company's IRS identification number)

Key Players & Entities

• STRATEGIC ACQUISITIONS INC /NV/ (company) — Filer name
• 20231231 (date) — Conformed period of report
• 20240326 (date) — Filed as of date
• NV (jurisdiction) — State of Incorporation
• New York (location) — City of business address
• NY (location) — State of business address
• Exworth Union Inc (company) — Related party member
• EXWORTH Management LLC (company) — Related party member

FAQ

Industry Context

The company operates within the real estate and construction sector, as indicated by its SIC code.

Regulatory Implications

This filing is made in accordance with the Securities Exchange Act of 1934, requiring public companies to submit annual reports.

What Investors Should Do

1. Analyze the financial statements for revenue, expenses, and profitability for FY 2023.
2. Review any disclosed related-party transactions for potential conflicts of interest or unusual arrangements.
3. Examine the business description and risk factors to understand the company's operational landscape and potential challenges.

Key Dates

• 2023-12-31: Fiscal Year End — Marks the end of the reporting period for the 10-K.
• 2024-03-26: Filing Date — Date the 10-K was officially filed with the SEC.

Year-Over-Year Comparison

This is the 2023 annual report (10-K), providing updated financial and operational information compared to previous filings.

Key Financial Figures

• $0.001 — ch Registered Common Stock, par value $0.001 STQN N/A Indicate by check mark i
• $0.31 — filiates and the last reported price of $0.31 on June 30, 2023. There were 6,675,00
• $500,000 — et with term loans ranging in size from $500,000 to $5,000,000. Currently, the only digi
• $5,000,000 — loans ranging in size from $500,000 to $5,000,000. Currently, the only digital asset we a

Filing Documents

• form10-k.htm (10-K) — 1078KB
• ex31-1.htm (EX-31.1) — 18KB
• ex31-2.htm (EX-31.2) — 18KB
• ex32-1.htm (EX-32.1) — 8KB
• ex32-2.htm (EX-32.2) — 8KB
• 0001493152-24-011312.txt (&nbsp;) — 4095KB
• stqn-20231231.xsd (EX-101.SCH) — 31KB
• stqn-20231231_cal.xml (EX-101.CAL) — 48KB
• stqn-20231231_def.xml (EX-101.DEF) — 108KB
• stqn-20231231_lab.xml (EX-101.LAB) — 213KB
• stqn-20231231_pre.xml (EX-101.PRE) — 183KB
• form10-k_htm.xml (XML) — 488KB

Business

Business 3 Item 1A

Risk Factors

Risk Factors 7 Item 1B Unresolved Staff Comments 21 Item 2

Properties

Properties 21 Item 3

Legal Proceedings

Legal Proceedings 21 Item 4 Mine Safety Disclosures 21 PART II 22 Item 5 Market for Company's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 22 Item 6 [Reserved] Item 7

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

Management's Discussion and Analysis of Financial Condition and Results of Operations 23 Item 7A

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 26 Item 8

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 26 Item 9 Changes in and Disagreements With Accountants on Accounting and Financial Disclosure 27 Item 9A

Controls and Procedures

Controls and Procedures 27 Item 9B Other Information 28 PART III 28 Item 10 Directors, Executive Officers and Corporate Governance 28 Item 11

Executive Compensation

Executive Compensation 30 Item 12

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 32 Item 13 Certain Relationships and Related Transactions and Director Independence 32 Item 14 Principal Accounting Fees and Services 33 PART IV 34 Item 15 Exhibits and Financial Statement Schedules 34 Consolidated Financial Statements F-1

SIGNATURES

SIGNATURES 35 1 PART I FORWARD-LOOKING This Annual Report on Form 10-K contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Such statements include statements regarding our expectations, hopes or intentions regarding the future, including but not limited to, of tax regulations and positions and our expectations regarding the impact of accounting pronouncements. Forward-looking Factors that could cause actual results to differ materially from such forward-looking statements include the risks described under the heading "Risk Factors" in Part I, Item 1A of this report. All forward-looking statements in this document are made as of the date hereof, based on information available to us as of the date hereof, and, except as otherwise required by law, we assume no obligation to update any forward-looking statement or other information contained herein to reflect new information, events or circumstances after the date hereof. *** 2 ITEM 1. BUSINESS Strategic Acquisitions, Inc. (the "Company," "Strategic," "we," "us" and words of similar import) was incorporated under the laws of the State of Nevada on January 27, 1989. On December 22, 2022, we entered into and consummated an Agreement and Plan of Merger ("Merger Agreement") with Exworth Union Inc ("Exworth Union") and the owners of all of its outstanding shares of capital stock — Exworth Management LLC ("Exworth Management") and World Class Global Technology PTE LTD. ("World Class," collectively with Exworth Management, the "Stockholders") whereby we acquire

View Full Filing

View this 10-K filing on SEC EDGAR