TechCom, Inc. Files Quarterly Report (10-Q) for Period Ended March 31, 2024

TL;DR

<b>TechCom, Inc. has filed its Q1 2024 10-Q report detailing financial performance for the quarter ending March 31, 2024.</b>

AI Summary

TechCom, Inc. (TCRI) filed a Quarterly Report (10-Q) with the SEC on May 14, 2024. TechCom, Inc. filed a 10-Q report for the quarterly period ended March 31, 2024. The filing covers the period from January 1, 2024, to March 31, 2024. The company's fiscal year ends on December 31. The filing was submitted on May 14, 2024. TechCom, Inc. is incorporated in Nevada.

Why It Matters

For investors and stakeholders tracking TechCom, Inc., this filing contains several important signals. This 10-Q filing provides investors with an update on TechCom, Inc.'s financial health and operational performance during the first quarter of 2024. The report is crucial for understanding the company's current financial standing, including its assets, liabilities, and equity, as of March 31, 2024.

Risk Assessment

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

Analyst Insight

Review the detailed financial statements and management's discussion and analysis within the 10-Q to assess TechCom, Inc.'s performance and outlook.

Key Numbers

• 2024-03-31 — Quarter End Date (End of the reporting period for the 10-Q)
• 2024-05-14 — Filing Date (Date the 10-Q was filed with the SEC)

Key Players & Entities

• TechCom, Inc. (company) — Filer of the 10-Q report
• March 31, 2024 (date) — End of the quarterly period reported
• May 14, 2024 (date) — Filing date of the 10-Q
• Nevada (location) — State of incorporation for TechCom, Inc.

FAQ

Industry Context

This filing is a standard quarterly report (10-Q) for a publicly traded company, providing an update on its financial condition and operations.

Regulatory Implications

The filing adheres to SEC regulations for quarterly reporting under the Securities Exchange Act of 1934.

What Investors Should Do

1. Analyze the financial statements (balance sheet, income statement, cash flow) for Q1 2024.
2. Review any disclosures regarding significant events or changes in business operations.
3. Compare Q1 2024 results to previous periods and analyst expectations.

Key Dates

• 2024-03-31: Quarterly Period End — Marks the end of the reporting period for the 10-Q filing.
• 2024-05-14: Filing Date — The date TechCom, Inc. submitted its 10-Q to the SEC.

Year-Over-Year Comparison

This is the first 10-Q filing for the period ending March 31, 2024, following the company's previous 10-K or 10-Q filings.

Key Financial Figures

• $0.00001 — 54 shares of Common Stock, par value US $0.00001. CAUTIONARY STATEMENT REGARDING FORWAR
• $0.001 — 00 shares of Common Stock at a price of $0.001 per share. On September 29, 2020, the
• $0 — sed when incurred. The Company incurred $0 of sales and marketing expenses, includ
• $12,121 — sional and administrative expenses were $12,121 and $26,693, respectively. These costs
• $26,693 — dministrative expenses were $12,121 and $26,693, respectively. These costs were primari
• $14,572 — ons and legal services. The decrease of $14,572 in operating expenses was due to $9,000
• $9,000 m — 14,572 in operating expenses was due to $9,000 management fees and additional $6,000 leg
• $6,000 — o $9,000 management fees and additional $6,000 legal fees that were settled in the fir
• $10,127 — 24 and 2023, professional expenses were $10,127 and $16,536, respectively. The decrease
• $16,536 — professional expenses were $10,127 and $16,536, respectively. The decrease of $6,409 i
• $6,409 — $16,536, respectively. The decrease of $6,409 in professional fees was due to the inc
• $1,994 — eneral and administrative expenses were $1,994 and $10,157 respectively. The decrease
• $10,157 — administrative expenses were $1,994 and $10,157 respectively. The decrease of $8,163 in
• $8,163 — d $10,157 respectively. The decrease of $8,163 in general and administrative was due t
• $214,052 — tions and has a stockholders deficit of $214,052 with an accumulated deficit of $2,633,6

Filing Documents

• techcom_i10q-33124.htm (10-Q) — 236KB
• techcom_ex3101.htm (EX-31.1) — 9KB
• techcom_ex3102.htm (EX-31.2) — 9KB
• techcom_ex3201.htm (EX-32.1) — 3KB
• techcom_ex3202.htm (EX-32.2) — 3KB
• 0001683168-24-003365.txt (&nbsp;) — 1648KB
• tcri-20240331.xsd (EX-101.SCH) — 13KB
• tcri-20240331_cal.xml (EX-101.CAL) — 20KB
• tcri-20240331_def.xml (EX-101.DEF) — 33KB
• tcri-20240331_lab.xml (EX-101.LAB) — 160KB
• tcri-20240331_pre.xml (EX-101.PRE) — 124KB
• techcom_i10q-33124_htm.xml (XML) — 89KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

FINANCIAL STATEMENTS (UNAUDITED)

ITEM 1. FINANCIAL STATEMENTS (UNAUDITED) 4 Balance Sheets 4 5 6 7

Notes to Financial Statements

Notes to Financial Statements 8

MANAGEMENT'S DISCUSSION AND ANALYSIS

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS 11

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 15

CONTROLS AND PROCEDURES

ITEM 4. CONTROLS AND PROCEDURES 15

OTHER INFORMATION

PART II. OTHER INFORMATION

LEGAL PROCEEDINGS

ITEM 1. LEGAL PROCEEDINGS 16

RISK FACTORS

ITEM 1A. RISK FACTORS 16

UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS 16

DEFAULTS UPON SENIOR SECURITIES

ITEM 3. DEFAULTS UPON SENIOR SECURITIES 16

MINE SAFETY DISCLOSURES

ITEM 4. MINE SAFETY DISCLOSURES 16

OTHER INFORMATION

ITEM 5. OTHER INFORMATION 16

EXHIBITS

ITEM 6. EXHIBITS 16

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

FINANCIAL STATEMENTS (UNAUDITED)

ITEM 1. FINANCIAL STATEMENTS (UNAUDITED) TechCom, Inc. Balance Sheets As of March 31, 2024 (Unaudited) and December 31, 2023 March 31, 2024 December 31, 2023 (Unaudited) Assets Current assets Prepaid expenses $ 2,250 $ – Total current assets 2,250 – Total assets $ 2,250 $ – Liabilities and Stockholders' Deficit Current liabilities Accounts payable and accrued expenses $ 6,801 $ 10,326 Due to shareholders 209,501 191,605 Total current liabilities 216,302 201,931 Total liabilities 216,302 201,931 Stockholders' deficit Convertible Preferred stock, $ 0.0001 par value, 5,000,000 share authorized, 1,000,000 shares issued and outstanding 100 100 Common stock, $ 0.00001 par value; 9,888,000,000 shares authorized; 64,990,254 shares issued and outstanding as of March 31, 2024 and December 31, 2023 and outstanding 650 650 Additional paid-in capital 2,418,816 2,418,816 Accumulated deficit ( 2,633,618 ) ( 2,621,497 ) Total stockholders' deficit ( 214,052 ) ( 201,931 ) Total liabilities and stockholders' deficit $ 2,250 – See accompanying notes to financial 4 TechCom, Inc. For the Three Months Ended March 31, 2024 and 2023 Three Months Ended March 31, 2024 Three Months Ended March 31, 2023 Revenue $ – $ – Cost of Sales – – Gross Profit – – Operating Expenses Professional fees 10,127 16,536 General & administrative expenses 1,994 10,157 Total operating expenses 12,121 26,693 Loss from operations ( 12,121 ) ( 26,693 ) Other income (expenses) Interest expenses – – Total other income (expenses) – – Net income (loss) $ ( 12,121 ) $ ( 26,693 ) Weighted average shares outstanding 64,990,254 64,990,254 Basic income (loss) per share $ – $ – See accompanying notes to financial statements. 5 TechCom, Inc. For Three Months Ended March 31, 2024 and 2023 Preferred Stock Common Stoc

Notes to Financial Statements

Notes to Financial Statements NOTE 1 – NATURE OF BUSINESS ORGANIZATION TechCom, Inc. (the "Company") was originally formed on August 22, 2000 as a Nevada corporation. On June 30, 2017, the Company re-domiciled as a Delaware Corporation. Now a non-operating holding company, historically the company has been involved in investment in gaming and vending businesses, with a primary focus on the entertainment, travel and leisure industries. Current owner/management acquired control of the Company through purchase of preferred shares of the Company's majority of common stock in July 2021, which gives current management a majority of the voting power of the outstanding stock of the Company. The Company is in the process of identifying operating businesses that are potential candidates for acquisition. NOTE 2 – BASIC PRESENTATION Interim financial statements The unaudited interim financial statements included herein, presented in accordance with United States generally accepted accounting principles and stated in US dollars, have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission (the "SEC"). Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to such rules and regulations, although the Company believes that the disclosures are adequate to make the information presented not misleading. These statements reflect all adjustments, including normal recurring adjustments, which, in the opinion of management, are necessary for a fair presentation of the information contained therein. It is suggested that these interim financial statements be read in conjunction with the financial statements of the Company for the year ended December 31, 2023 and notes thereto included in the Company's 10-K. The Company follows the same accounting policies it used in the Company's 10-K in the

Management's Discussion and Analysis of Financial

Item 2. 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. The following discussion contains assumptions, estimates and other forward-looking statements that involve a number of risks and uncertainties, including those discussed under "Risk Factors," and elsewhere in this Form 10. 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 statements and related notes included elsewhere herein. This discussion also contains forward-looking statements. The Company's actual results could differ materially from those anticipated in these forward-looking 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 ge

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