Strategic Acquisitions Inc. Files Q3 2024 10-Q

TL;DR

SAI filed its Q3 10-Q. Financials updated.

AI Summary

Strategic Acquisitions Inc. /NV/ filed its 10-Q for the period ending September 30, 2024. The filing covers financial information for the third quarter and the first nine months of the year, detailing their financial position and performance. The company is based in New York and operates in the finance services sector.

Why It Matters

This filing provides investors with an update on the financial health and operational performance of Strategic Acquisitions Inc. for the third quarter of 2024.

Risk Assessment

Risk Level: low — The filing is a standard quarterly report with no immediate red flags or significant negative events indicated.

Key Numbers

• 2024-09-30 — Period End Date (The latest financial data reported)
• 2024-11-01 — Filing Date (When the report was submitted to the SEC)

Key Players & Entities

• STRATEGIC ACQUISITIONS INC /NV/ (company) — Filer of the 10-Q
• 2024-09-30 (date) — End of reporting period
• 2024-11-01 (date) — Filing date
• New York (location) — Company business address

FAQ

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) — 551KB
• ex3-1.htm (EX-3.1) — 66KB
• ex31-1.htm (EX-31.1) — 18KB
• ex32-1.htm (EX-32.1) — 8KB
• 0001493152-24-043337.txt ( ) — 3276KB
• stqn-20240930.xsd (EX-101.SCH) — 27KB
• stqn-20240930_cal.xml (EX-101.CAL) — 37KB
• stqn-20240930_def.xml (EX-101.DEF) — 101KB
• stqn-20240930_lab.xml (EX-101.LAB) — 194KB
• stqn-20240930_pre.xml (EX-101.PRE) — 166KB
• form10-q_htm.xml (XML) — 422KB

— FINANCIAL INFORMATION

PART I — FINANCIAL INFORMATION

— 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

— OTHER INFORMATION

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 September 30, December 31, 2024 2023 (Unaudited) Assets Cash $ 25,757 $ 54,169 Collateral receivable due from lender - 4,230,078 Loan receivable - 1,374,691 Accrued interest receivable - 11,456 Prepaid expenses 1,645 1,946 Total assets $ 27,402 $ 5,672,340 Liabilities and shareholders' equity (deficit) Liabilities Accounts payable and accrued expenses $ 15,000 $ 12,260 Due to related party (noninterest bearing, due on demand) 65,621 2,500 Note payable, net of unamortized origination fee of $ 3,761 at December 31, 2023 - 1,384,815 Digital asset collateral due to customer - 4,230,078 Total liabilities 80,621 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 September 30,2024 and December 31, 2023 6,675 6,675 Additional paid-in capital 353,736 353,736 Accumulated deficit ( 413,630 ) ( 317,724 ) Total shareholders' equity (deficit) ( 53,219 ) 42,687 Total liabilities and shareholders' equity (deficit) $ 27,402 $ 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 September 30, 2024 Three Months Ended September 30, 2023 Nine Months Ended September 30, 2024 Nine Months Ended September 30, 2023 Six Months Ended June 30, 2024 Six Months Ended June 30, 2023 (As restated - Note 11) (As restated - Note 11) (As restated - Note 11) Revenues Loan administrative service fees $ - $ - $ - $ 3,950 $ - 3,950 Interest income 16,177 13,747 43,671 41,241 27,494 27,494 Total revenues 16,177 13,747 43,671 45,191 27,494 31,444 Operating expenses Selling, gene

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View this 10-Q filing on SEC EDGAR