TechCom, Inc. Files Q3 2024 10-Q Report

TL;DR

TechCom's Q3 2024 10-Q is in. Get the latest numbers.

AI Summary

TechCom, Inc. filed its 10-Q for the period ending September 30, 2024. The filing covers the third quarter and the first nine months of the fiscal year. Key financial data and operational details for this period are presented.

Why It Matters

This filing provides investors with the latest financial performance and operational status of TechCom, Inc., crucial for understanding the company's trajectory and making informed investment decisions.

Risk Assessment

Risk Level: low — The filing is a standard quarterly report and does not contain immediate red flags or significant new risks.

Key Numbers

• Q3 2024 — Reporting Period (The third quarter of the fiscal year 2024.)
• Nine Months Ended September 30, 2024 — Year-to-Date Period (The cumulative financial performance for the first nine months of 2024.)

Key Players & Entities

• TechCom, Inc. (company) — Filer of the 10-Q report
• 20240930 (date) — End of the reporting period
• 20241119 (date) — Filing date

FAQ

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. 9 On September 29, 2020,
• $0 — sed when incurred. The Company incurred $0 of sales and marketing expenses, includ
• $0.0001 — ed elsewhere herein. Preferred stock, $0.0001 par; 1,000,000 shares issued and outsta
• $44,730 — sional and administrative expenses were $44,730 and $58,008, respectively. These expens
• $58,008 — dministrative expenses were $44,730 and $58,008, respectively. These expenses were prim
• $38,248 — 24 and 2023, professional expenses were $38,248 and $25,277, respectively. The professi
• $25,277 — professional expenses were $38,248 and $25,277, respectively. The professional expense
• $6,482 — eneral and administrative expenses were $6,482 and $32,731, respectively. The expenses
• $32,731 — administrative expenses were $6,482 and $32,731, respectively. The expenses incurred we
• $18,830 — sional and administrative expenses were $18,830 and $11,829, respectively. These costs
• $11,829 — dministrative expenses were $18,830 and $11,829, respectively. These costs were primari
• $17,371 — 24 and 2023, professional expenses were $17,371 and $1,219, respectively. The increase
• $1,219 — professional expenses were $17,371 and $1,219, respectively. The increase of $16,152
• $16,152 — d $1,219, respectively. The increase of $16,152 compared with the prior period was due

Filing Documents

• techcom_i10q-093024.htm (10-Q) — 274KB
• 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
• 0001683168-24-008241.txt ( ) — 1708KB
• tcri-20240930.xsd (EX-101.SCH) — 13KB
• tcri-20240930_cal.xml (EX-101.CAL) — 20KB
• tcri-20240930_def.xml (EX-101.DEF) — 33KB
• tcri-20240930_lab.xml (EX-101.LAB) — 158KB
• tcri-20240930_pre.xml (EX-101.PRE) — 123KB
• techcom_i10q-093024_htm.xml (XML) — 108KB

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 September 30, 2024 (Unaudited) and December 31, 2023 (Audited) September 30, 2024 December 31, 2023 Assets Current assets Prepaid expenses $ – $ – Total current assets – – Total assets $ – $ – Liabilities and Stockholders' Deficit Current liabilities Accounts payable and accrued expenses $ 32,722 $ 10,326 Due to shareholders 213,939 191,605 Total current liabilities 246,661 201,931 Total liabilities 246,661 201,931 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 September 30, 2024 and December 31, 2023, respectively 650 650 Additional paid-in capital 2,418,816 2,418,816 Accumulated deficit ( 2,666,227 ) ( 2,621,497 ) Total stockholders' deficit ( 246,661 ) ( 201,931 ) Total liabilities and stockholders' deficit $ – $ – See accompanying notes to financial 4 TECHCOM, INC. For the Three Months and Nine Months Ended September 30, 2024 and 2023 (Unaudited) For the Three months ended September 30, For the Nine months ended September 30, 2024 2023 2024 2023 Net sales $ – $ – $ – $ – Cost of sales – – – – Gross Profit – – – – Professional fees 17,371 1,219 38,248 25,277 General and administrative expenses 1,459 10,610 6,482 32,731 Operating loss before income taxes ( 18,830 ) ( 11,829 ) ( 44,730 ) ( 58,008 ) Income taxes – – – – Net loss and comprehensive loss $ ( 18,830 ) $ ( 11,829 ) $ ( 44,730 ) $ ( 58,008 ) Loss per share of common stock - Basic and diluted $ ( 0.00 ) $ ( 0.00 ) $ ( 0.00 ) $ ( 0.00 ) Weighted average shares of common stock - Basic and diluted 64,990,254 64,990,254 64,990,254 64,990,254

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-Q. 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-Q. 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 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

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