TechCom, Inc. Files 2023 Annual Report on Form 10-K

TL;DR

<b>TechCom, Inc. has filed its 2023 annual report detailing its financial performance and corporate information.</b>

AI Summary

TechCom, Inc. (TCRI) filed a Annual Report (10-K) with the SEC on April 15, 2024. TechCom, Inc. filed its annual report on Form 10-K for the fiscal year ended December 31, 2023. The filing was made on April 15, 2024. The company's principal executive offices are located at Burj Khalifa District, Downtown Dubai. TechCom, Inc. was formerly known as RMD Entertainment Group. The company is incorporated in Delaware.

Why It Matters

For investors and stakeholders tracking TechCom, Inc., this filing contains several important signals. This 10-K filing provides a comprehensive overview of TechCom, Inc.'s financial health and operational status for the fiscal year 2023, crucial for investors to assess performance. The filing includes historical data and corporate structure information, offering context for the company's past and present business activities.

Risk Assessment

Risk Level: — TechCom, Inc. shows moderate risk based on this filing. The filing is a standard annual report (10-K) and does not contain immediate, significant financial disclosures or events that would indicate high risk.

Analyst Insight

Review the full 10-K filing for detailed financial statements, risk factors, and management discussion to understand TechCom, Inc.'s performance and outlook.

Key Numbers

• 2023-12-31 — Fiscal Year End (Reporting Period)
• 2024-04-15 — Filing Date (Submission Date)
• 000-56041 — Commission File Number (SEC Filing Identifier)

Key Players & Entities

• TechCom, Inc. (company) — Registrant Name
• 2023-12-31 (date) — Fiscal Year End
• 2024-04-15 (date) — Filing Date
• Burj Khalifa District, Downtown Dubai (location) — Business Address
• Delaware (location) — State of Incorporation
• RMD Entertainment Group (company) — Former Company Name

FAQ

Industry Context

This filing is a standard annual report for a publicly traded company, providing a comprehensive overview of its business and financial condition.

Regulatory Implications

The filing adheres to SEC regulations for annual reports (Form 10-K) under the Securities Exchange Act of 1934.

What Investors Should Do

1. Analyze the financial statements within the 10-K for revenue, expenses, and profitability trends.
2. Review the 'Risk Factors' section for potential challenges and uncertainties facing TechCom, Inc.
3. Examine the Management's Discussion and Analysis of Financial Condition and Results of Operations for insights into the company's strategy and performance drivers.

Key Dates

• 2023-12-31: Fiscal Year End — End of the reporting period for the 10-K.
• 2024-04-15: Filing Date — Date TechCom, Inc. submitted its annual report.

Year-Over-Year Comparison

This is the initial 10-K filing for the fiscal year 2023, following previous filings which would have covered earlier periods.

Key Financial Figures

• $0.00001 — (g) of the Act: Common Stock, par value $0.00001 per share Indicate by check mark if th
• $50,000 — and a convertible note in the amount of $50,000, the combination of which gave him a ma
• $550,000 — any beneficially owned by Munaf Ali for $550,000. Such shares represent 87.60% of the Co
• $201,931 — ember 31, 2023a stockholders deficit of $201,931 with an accumulated deficit of $2,621,4
• $2,621,497 — $201,931 with an accumulated deficit of $2,621,497. The Company intends to find a merger t
• $1.9700 — gh Low Quarter ended March 31, 2022 $1.9700 $0.6398 Quarter ended March 31, 2021
• $0.6398 — Quarter ended March 31, 2022 $1.9700 $0.6398 Quarter ended March 31, 2021 $0.0599
• $0.0599 — $0.6398 Quarter ended March 31, 2021 $0.0599 $0.0220 Quarter ended June 30, 2022
• $0.0220 — Quarter ended March 31, 2021 $0.0599 $0.0220 Quarter ended June 30, 2022 $1.0150
• $1.0150 — $0.0220 Quarter ended June 30, 2022 $1.0150 $0.4746 Quarter ended June 30, 2021
• $0.4746 — Quarter ended June 30, 2022 $1.0150 $0.4746 Quarter ended June 30, 2021 $0.0300
• $0.0300 — $0.4746 Quarter ended June 30, 2021 $0.0300 $0.0200 Quarter ended September 30,
• $0.0200 — Quarter ended June 30, 2021 $0.0300 $0.0200 Quarter ended September 30, 2022 $0.
• $0.5850 — 200 Quarter ended September 30, 2022 $0.5850 $0.0610 Quarter ended September 30, 2
• $0.0610 — rter ended September 30, 2022 $0.5850 $0.0610 Quarter ended September 30, 2021 $0.1

Filing Documents

• techcom_i10k-123123.htm (10-K) — 414KB
• techcom_ex3101.htm (EX-31.1) — 11KB
• techcom_ex3102.htm (EX-31.2) — 11KB
• techcom_ex3201.htm (EX-32.1) — 4KB
• techcom_ex3202.htm (EX-32.2) — 4KB
• 0001683168-24-002392.txt (&nbsp;) — 2143KB
• tcri-20231231.xsd (EX-101.SCH) — 15KB
• tcri-20231231_cal.xml (EX-101.CAL) — 23KB
• tcri-20231231_def.xml (EX-101.DEF) — 35KB
• tcri-20231231_lab.xml (EX-101.LAB) — 180KB
• tcri-20231231_pre.xml (EX-101.PRE) — 138KB
• techcom_i10k-123123_htm.xml (XML) — 143KB

Business

Business 1 Item 1A.

Risk Factors

Risk Factors 2 Item 1B. Unresolved Staff Comments 2 Item 1C. Cybersecurity 2 Item 2

Properties

Properties 2 Item 3.

Legal proceedings

Legal proceedings 2 Item 4. Mine Safety Disclosures 2 PART II Item 5. Market for Common Equity and Related Stockholder Matters 3 Item 6.

Selected Financial Data

Selected Financial Data 4 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 4 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 8 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 9 Item 9. Changes In and Disagreements With Accountants on Accounting and Financial Disclosure 10 Item 9A

Controls and Procedures

Controls and Procedures 11 Item 9B. Other Information 11 PART III Item 10 Directors, Executive Officers, Promoters and Control Persons of the Company 12 Item 11.

Executive Compensation

Executive Compensation 13 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 14 Item 13. Certain Relationships and Related Transactions, and Director Independence 15 Item 14. Principal Accounting Fees and Services 15 PART IV Item 15. Exhibits 16

Forward Looking Statements

Forward Looking Statements The information contained in this Report includes some statements that are not purely historical and that are "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"), and as such, may involve risks and uncertainties. These forward-looking statements relate to, among other things, expectations of the business environment in which we operate, perceived opportunities in the market and statements regarding our mission and vision. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. You can generally identify forward-looking "estimates," "expects," "intends," "may," "might," "plans," "possible," "potential," "predicts," "projects," "seeks," "should," "will," "would" and similar expressions, or the negatives of such terms, but the absence of these words does not mean that a statement is not forward-looking.

Forward-looking statements involve risks and

Forward-looking statements involve risks and uncertainties that could cause actual results or outcomes to differ materially from those expressed in the forward-looking statements. The forward-looking statements contained herein are based on various assumptions, many of which are based, in turn, upon further assumptions. Our expectations, beliefs and forward-looking statements are expressed in good faith on the basis of management's views and assumptions as of the time the statements are made, but there can be no assurance that management's expectations, beliefs or projections will result or be achieved or accomplished. We disclaim any obligation to update forward-looking statements to reflect events or circumstances after the date hereof. ii PART I ITEM 1.

BUSINESS

BUSINESS Overview TechCom, Inc., which may also be referred to we, us, our, or the Company, was organized on August 22, 2000 under the laws of the State of Nevada, as UgoMedia Interactive Corporation. The Company has gone through several changes in its lines of business since its incorporation. On October 17, 2009, we acquired Beijing Innotrek Technology Co. Ltd, a Chinese company based in Beijing, China ("Innotrek"). As a subsidiary of TechCom, Inc., Innotrek engaged in the research and development of broadband technology products in China. Innotrek specialized in high technology network communications and offered broadband technology installation services to hotels. Its products included (i) a system that makes use of various wired mediums, (ii) a cable modem and (iii) security and monitoring products. The company also distributed computers, network equipment, storage devices, and software products. The Company currently has no operations. On June 30, 2017, the Company re-domiciled in Delaware and ceased being a Nevada corporation. Pursuant to a Stock Purchase Agreement dated October 6, 2017 and a Note Purchase Agreement dated October 11, 2017, Kok Seng Yeap obtained 1,000,000 shares of the Company's convertible preferred stock and a convertible note in the amount of $50,000, the combination of which gave him a majority of the voting power of all outstanding shares of the Company. On February 26, 2020, the Company filed a Certificate of Amendment with Delaware to change its name to TechCom, Inc. On July 27, 2021, Kok Seng Yeap sold 55,070,000 shares of Company's common stock and 1,000,000 shares of Company's Series A Preferred Stock to AlphaBit, LLC, a Nevada limited liability company beneficially owned by Munaf Ali for $550,000. Such shares represent 87.60% of the Company's voting power assuming conversion of all of the Company's Series A Preferred Stock. Going Concern The accompanying financial statements have been prepared assuming that the Company

Business

Business Currently, we have no active operations. Research and Development We have not incurred any research and development costs in the fiscal years ended December 31, 2023 or 2022. Employees As of March 30, 2024, the Company has two officers: Mr. Charlie Faulkner as Chief Executive Officer, and Mr. Simon Wajcenberg as Chief Financial Officer. 1 Insurance We do not maintain any insurance and do not intend to maintain insurance in the future. Because we do not have any insurance, if we are made a party to any action, we may not have sufficient funds to defend the litigation. If that occurs a judgment could be rendered against us that could cause us to cease operations. Intellectual Property We currently have not obtained any copyrights, patents or trademarks. We do not anticipate filing any copyright or trademark applications related to any assets over the next 12 months. Government Regulation We will be required to comply with all regulations, rules and directives of governmental authorities and agencies in any jurisdiction which we would conduct activities. We do not believe that regulation will have a material impact on the way we conduct our business. We do not need to receive any government approvals necessary to conduct our business; however, we will have to comply with all applicable export and import regulations. ITEM 1A.

RISK FACTORS

RISK FACTORS This information is not required of smaller reporting companies. ITEM 1B. UNRESOLVED STAFF COMMENTS Not applicable. ITEM 1C. CYBERSECURITY We believe cybersecurity is critical to our Company. We ae not conducting material operations, so cybersecurity threats have not affected our business strategy or results of operations and the Board of Directors will assess the potential threat to future operations as such operations develop. The Board of Directors will oversee management's processes for identifying and mitigating risks, including cybersecurity risks, to facilitate mitigating our risks involved with cybersecurity. help align our risk exposure with our strategic objectives. The Board relies on its executive officers to identify cybersecurity risks and retains oversight of cybersecurity. In the event of an incident, we intend to take appropriate steps from incident detection to mitigation, recovery and notification of appropriate parties. Management is responsible for day-to-day monitoring of cybersecurity, including detection and response and to report risks and incidents to the Board of Directors. We rely on computer software provided by third parties to protect our computer systems against cybersecurity threats. ITEM 2.

PROPERTIES

PROPERTIES We do not own any property. Our executive offices are located at 2901, 29th Floor, Boulevard Plaza Tower 2Burj Khalifa District, Downtown Dubai, UAE. ITEM 3.

LEGAL PROCEEDINGS

LEGAL PROCEEDINGS None. ITEM 4. MINE SAFETY DISCLOSURES Not applicable. 2 PART II ITEM 5. MARKET FOR COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES Market Information The following table sets forth the range of high and low closing sales prices for our common stock during each fiscal quarter during the two-year period ended December 31, 2023 as reported by the OTC Market. The trading volume of our securities fluctuates and may be limited during certain periods. As a result, the liquidity of an investment in our securities may be adversely affected. Common Stock 2022 High Low 2021 High Low Quarter ended March 31, 2022 $1.9700 $0.6398 Quarter ended March 31, 2021 $0.0599 $0.0220 Quarter ended June 30, 2022 $1.0150 $0.4746 Quarter ended June 30, 2021 $0.0300 $0.0200 Quarter ended September 30, 2022 $0.5850 $0.0610 Quarter ended September 30, 2021 $0.1499 $0.0261 Quarter ended December 31, 2022 $0.0500 $0.0350 Quarter ended December 31, 2021 $0.8100 $0.0570 Common Stock 2023 High Low 2022 High Low Quarter ended March 31, 2023 $0.0620 $0.0330 Quarter ended March 31, 2022 $1.9700 $0.6398 Quarter ended June 30, 2023 $0.0230 $0.0230 Quarter ended June 30, 2022 $1.0150 $0.4746 Quarter ended September 30, 2023 $0.0300 $0.0300 Quarter ended September 30, 2022 $0.5850 $0.0610 Quarter ended December 31, 2023 $0.1800 $0.1315 Quarter ended December 31, 2022 $0.0500 $0.0350 Holders As of December 31, 2023, we had 64,990,254 shares of our common stock issued and outstanding and held by 175 persons. In general, pursuant to Rule 144 adopted under the Securities Act of 1933, as amended, a shareholder who owns restricted shares of a company which files periodic reports with the Securities and Exchange Commission and who has a holding period of at least six months, is entitled to sell such shares in accordance with the provisions of Rule 144. In the event t

SELECTED FINANCIAL DATA

SELECTED FINANCIAL DATA This information is not required of smaller reporting companies.

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS You should read this discussion together with the Financial Statements, related Notes and other financial information included elsewhere in this Form 10-K. The following discussion contains assumptions, estimates and other forward-looking statements that involve a number of risks and uncertainties, including those discussed elsewhere in this Form 10-K. These risks could cause our actual results to differ materially from those anticipated in these forward-looking statements. This discussion is intended to further the reader's understanding of the Company's financial condition and results of operations and should be read in conjunction with the Company's financial actual results could differ materially from those anticipated in these forward-looking statements as a result of the risks and uncertainties set forth elsewhere in this Annual Report and in the Company's other SEC filings. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date hereof. The Company is not party to any transactions that would be considered "off balance sheet" pursuant to disclosure requirements under Item 303(c) of Regulation S-K. Overview The Company is a non-operating holding company. Historically, the Company has been involved and invested in gaming and vending businesses, the focus of which was on the entertainment, travel and leisure industries. Current management acquired control of the Company through purchase of preferred shares in July 2021 and is in the process of identifying operating businesses that are potential candidates for acquisition. Critical Accounting Policies The relevant accounting policies are listed below. Basis of Accounting The basis is United States generally accepted account

financial statements and notes thereto included elsewhere herein

financial statements and notes thereto included elsewhere herein. December 31, 2023 Actual: Preferred stock, $0.0001 par; 1,000,000 shares issued and outstanding at December 31, 2023 $ 100 Common stock, $0.00001 par; 64,990,254 shares issued and outstanding at December 31, 2023 650 Additional paid-in capital 2,418,816 Deficit accumulated during development stage (2,621,497 ) Total stockholders' equity (deficit) $ (201,931 ) December 31, 2022 Actual: Preferred stock, $0.0001 par; 1,000,000 shares issued and outstanding at December 31, 2022 $ 100 Common stock, $0.00001 par; 64,990,254 shares issued and outstanding at December 31, 2022 650 Additional paid-in capital 2,418,816 Deficit accumulated during development stage (2,544,174 ) Total stockholders' equity (deficit) $ (124,608 ) 6 Results of Operations for the years ended December 31, 2023 and December 31, 2022 For the year ended December 31, 2023 and 2022, we had no revenue. Costs of revenue during these same periods were $0. For the years ended December 31, 2023 and December 31, 2022, professional and administrative expenses were $77,325 and $108,064, respectively. These costs were primarily the costs for the daily operations and legal services. For the years ended December 31, 2023 and 2022, professional expenses were $38,413 and $52,446., respectively The professional fee expenses in 2023 and 2022 were mainly due to SEC filing preparations. For the years ended December 31, 2023 and December 31, 2022, general and administrative expenses were $38,911 and $55,618. Costs incurred were primarily SEC filings and stock records service fees. The decrease of general and administrative expenses was due to hiring the former owner team as their management company assumed the responsibilities of CEO and CFO for a shorter period in 2023. Going Concern The accompanying financial statements have been prepared assuming that the Company will continue as a going concern, which contempl

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