Strategic Acquisitions Inc. Files 2024 10-K

TL;DR

SAI filed its 2024 10-K. Financials for 2024, 2023, 2022 are in.

AI Summary

Strategic Acquisitions Inc. /NV/ filed its 2024 10-K on February 5, 2025, reporting its financial performance for the fiscal year ending December 31, 2024. The company, based in New York, operates in the finance services sector. The filing provides detailed financial statements and disclosures for the fiscal years 2024, 2023, and 2022.

Why It Matters

This 10-K filing provides investors with a comprehensive overview of Strategic Acquisitions Inc.'s financial health and operational performance for the fiscal year 2024, enabling informed investment decisions.

Risk Assessment

Risk Level: low — The filing is a standard annual report and does not indicate any immediate or unusual risks.

Key Numbers

• 2024 — Fiscal Year End (Reporting period for the 10-K)
• 2023 — Prior Fiscal Year (Comparative financial data)
• 2022 — Previous Fiscal Year (Comparative financial data)

Key Players & Entities

• STRATEGIC ACQUISITIONS INC /NV/ (company) — Filer
• 20250205 (date) — Filing Date
• 20241231 (date) — Fiscal Year End
• 30 BROAD STREET 14TH FLOOR NEW YORK NY 10004 (address) — Business and Mail Address
• 212-878-6532 (phone_number) — Business Phone

FAQ

Key Financial Figures

• $0.001 — ch Registered Common Stock, par value $0.001 STQN N/A Indicate by check mark i
• $0.35 — filiates and the last reported price of $0.35 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) — 787KB
• ex31-1.htm (EX-31.1) — 19KB
• ex31-2.htm (EX-31.2) — 19KB
• ex32-1.htm (EX-32.1) — 8KB
• ex32-2.htm (EX-32.2) — 8KB
• 0001493152-25-005023.txt ( ) — 3537KB
• stqn-20241231.xsd (EX-101.SCH) — 24KB
• stqn-20241231_cal.xml (EX-101.CAL) — 35KB
• stqn-20241231_def.xml (EX-101.DEF) — 93KB
• stqn-20241231_lab.xml (EX-101.LAB) — 250KB
• stqn-20241231_pre.xml (EX-101.PRE) — 201KB
• form10-k_htm.xml (XML) — 363KB

Business

Business 3 Item 1A

Risk Factors

Risk Factors 7 Item 1B Unresolved Staff Comments 20 Item 1C Cybersecurity 20 Item 2

Properties

Properties 20 Item 3

Legal Proceedings

Legal Proceedings 20 Item 4 Mine Safety Disclosures 20 PART II 21 Item 5 Market for Company's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 21 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 22 Item 7A

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 25 Item 8

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 25 Item 9 Changes in and Disagreements With Accountants on Accounting and Financial Disclosure 25 Item 9A

Controls and Procedures

Controls and Procedures 25 Item 9B Other Information 27 PART III 27 Item 10 Directors, Executive Officers and Corporate Governance 27 Item 11

Executive Compensation

Executive Compensation 28 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 29 Item 13 Certain Relationships and Related Transactions and Director Independence 29 Item 14 Principal Accounting Fees and Services 30 PART IV 31 Item 15 Exhibits and Financial Statement Schedules 31 Consolidated Financial Statements F-1

SIGNATURES

SIGNATURES 32 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