STRATEGIC ACQUISITIONS INC /NV/ Files 10-Q for Period Ending 2024-03-31

AI Summary

STRATEGIC ACQUISITIONS INC /NV/ (STQN) filed a Quarterly Report (10-Q) with the SEC on May 7, 2024. Filing is a 10-Q for the period ending March 31, 2024. The company is incorporated in Nevada (NV). Business and mailing address is 30 Broad Street, 14th Floor, New York, NY 10004. Business phone number is 212-878-6532. The filing includes data related to common stock, additional paid-in capital, and retained earnings for various periods in 2022, 2023, and 2024.

Why It Matters

For investors and stakeholders tracking STRATEGIC ACQUISITIONS INC /NV/, this filing contains several important signals. This 10-Q filing provides an update on the company's financial performance and position as of the end of the first quarter of 2024. The detailed financial data, including equity components and related party information, is crucial for investors to assess the company's financial health and any potential related-party transactions.

Risk Assessment

Risk Level: low — STRATEGIC ACQUISITIONS INC /NV/ shows low risk based on this filing. The filing is a standard 10-Q, providing routine financial updates without immediate indicators of significant new risks or positive developments.

Analyst Insight

Review the detailed financial statements and disclosures within the 10-Q to understand the company's current financial standing and any changes from previous periods.

Key Numbers

• 2024-03-31 — Conformed Period of Report (10-Q Filing)
• 2024-05-07 — Filed As Of Date (10-Q Filing)
• 2024-01-01 — Quarter Start Date (10-Q Filing)
• 2023-12-31 — Previous Year End (Financial Data Reference)

Key Players & Entities

• STRATEGIC ACQUISITIONS INC /NV/ (company) — Filer
• 2024-03-31 (date) — Conformed Period of Report
• 2024-05-07 (date) — Filed as of date
• 30 BROAD STREET (address) — Business Address
• NEW YORK (location) — Business Address City
• 10004 (postal_code) — Business Address ZIP
• 212-878-6532 (phone_number) — Business Phone
• NV (state) — State of Incorporation

FAQ

Industry Context

The filing pertains to a company operating within the real estate and construction sector, as indicated by its SIC code.

Regulatory Implications

This is a standard 10-Q filing under the Securities Exchange Act of 1934, requiring public companies to report quarterly financial information.

What Investors Should Do

1. Analyze the balance sheet and income statement for the quarter ended March 31, 2024.
2. Review any disclosures related to related parties or significant transactions.
3. Compare the current quarter's financial data with the previous year's comparable period.

Key Dates

• 2024-03-31: Quarter End Date — End of the reporting period for the 10-Q.
• 2024-05-07: Filing Date — Date the 10-Q was officially submitted to the SEC.

Year-Over-Year Comparison

This is the first 10-Q filing for the fiscal year 2024, providing an update from the previous year-end filings.

Key Financial Figures

• $0.001 — ch Registered Common Stock, par value $0.001 STQN N/A Indicate by check mark i

Filing Documents

• form10-q.htm (10-Q) — 463KB
• ex31-1.htm (EX-31.1) — 18KB
• ex32-1.htm (EX-32.1) — 7KB
• 0001493152-24-018104.txt ( ) — 3001KB
• stqn-20240331.xsd (EX-101.SCH) — 30KB
• stqn-20240331_cal.xml (EX-101.CAL) — 39KB
• stqn-20240331_def.xml (EX-101.DEF) — 97KB
• stqn-20240331_lab.xml (EX-101.LAB) — 196KB
• stqn-20240331_pre.xml (EX-101.PRE) — 164KB
• form10-q_htm.xml (XML) — 376KB

— Financial Statements

ITEM 1 — Financial Statements 2 Balance Sheets 2 3 4 5

Notes to Financial Statements

Notes to Financial Statements 6

— 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 16

— Controls and Procedures

ITEM 4 — Controls and Procedures 19 PART II — OTHER INFORMATION

— Legal Proceedings

ITEM 1 — Legal Proceedings 20

— Unregistered Sales of Equity Securities and Use of Proceeds

ITEM 2 — Unregistered Sales of Equity Securities and Use of Proceeds 20

— Other Information

ITEM 5 — Other Information 20

— Exhibits

ITEM 6 — Exhibits 20

SIGNATURES

SIGNATURES 21 1 PART I – FINANCIAL INFORMATION ITEM 1. FINANCIAL STATEMENTS STRATEGIC ACQUISITIONS, INC. CONDENSED CONSOLIDATED BALANCE SHEETS March 31, December 31, 2024 2023 (Unaudited) Assets Cash $ 35,657 $ 54,169 Collateral receivable due from lender 7,121,311 4,230,078 Loan receivable 1,374,691 1,374,691 Accrued interest receivable 11,456 11,456 Prepaid expenses 4,306 1,946 Total assets $ 8,547,421 $ 5,672,340 Liabilities and shareholders' equity (deficit) Liabilities Accounts payable and accrued expenses $ 34,702 $ 12,260 Due to related party (noninterest bearing, due on demand) 5,620 2,500 Note payable, net of unamortized origination fee of $ 2,025 and $ 3,761 1,386,551 1,384,815 Digital asset collateral due to customer 7,121,311 4,230,078 Total liabilities 8,548,184 5,629,653 Shareholders' Equity Common stock, $ 0.001 par value; 50,000,000 shares authorized; 6,675,000 shares issued and outstanding as of March 31, 2024 and December 31, 2023 6,675 6,675 Additional paid-in capital 353,736 353,736 Accumulated deficit ( 361,174 ) ( 317,724 ) Total shareholders' equity (deficit) ( 763 ) 42,687 Total liabilities and shareholders' equity (deficit) $ 8,547,421 $ 5,672,340 The accompanying notes are an integral part of these condensed consolidated financial statements 2 STRATEGIC ACQUISITIONS, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) Three Months Ended March 31, 2024 Three Months Ended March 31, 2023 (As restated - Note 11) Revenues Loan administrative service fees $ - $ 3,950 Interest income 13,747 13,747 Total revenues 13,747 17,697 Operating expenses Selling, general and administrative expenses 46,782 65,284 Total operating expenses 46,782 65,284 Loss from operations ( 33,035 ) ( 47,587 ) Other (expense), net Interest expense ( 8,679 ) ( 8,679 ) Amortization of loan origination fee ( 1,736 ) ( 1,73

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