Tego Cyber, Inc. Files 10-Q for Period Ending December 31, 2023

TL;DR

<b>Tego Cyber, Inc. has filed its 10-Q report for the fiscal second quarter of 2024, ending December 31, 2023.</b>

AI Summary

Tego Cyber, Inc. (TGCB) filed a Quarterly Report (10-Q) with the SEC on March 19, 2024. Tego Cyber, Inc. filed a 10-Q report for the period ending December 31, 2023. The filing covers the fiscal second quarter of 2024. The company's fiscal year ends on June 30. Tego Cyber, Inc. is incorporated in Nevada. The company's business address is in Las Vegas, Nevada.

Why It Matters

For investors and stakeholders tracking Tego Cyber, Inc., this filing contains several important signals. This filing provides investors with an update on the company's financial performance and operational status for the specified quarter. Understanding the details within this 10-Q is crucial for assessing Tego Cyber's current financial health and future prospects.

Risk Assessment

Risk Level: low — Tego Cyber, Inc. shows low risk based on this filing. The filing is a standard quarterly report (10-Q) and does not contain immediate, significant financial or operational disclosures that would alter the risk profile.

Analyst Insight

Review the detailed financial statements and management's discussion and analysis within the 10-Q to understand Tego Cyber's performance and outlook.

Key Numbers

• 20231231 — Period of Report (Conformed period of report for the 10-Q filing)
• 20240319 — Filed As Of Date (Date the 10-Q was filed)
• 0630 — Fiscal Year End (Company's fiscal year end date)
• Q2 2024 — Quarter (Fiscal quarter covered by the report)

Key Players & Entities

• Tego Cyber, Inc. (company) — Filer of the 10-Q report
• 0001654954-24-003327 (other) — Accession Number for the filing
• 20231231 (date) — Period of report for the 10-Q
• 20240319 (date) — Filing date of the 10-Q
• NV (location) — State of incorporation
• 855-939-0100 (phone) — Business phone number
• 7370 (other) — Standard Industrial Classification code
• 0630 (date) — Fiscal year end

FAQ

Industry Context

Tego Cyber, Inc. operates in the computer programming and data processing services sector.

Regulatory Implications

The company is subject to standard SEC reporting requirements for public companies.

What Investors Should Do

1. Analyze the financial statements for revenue, expenses, and net income.
2. Review the Management's Discussion and Analysis for insights into operational performance.
3. Check for any new risk factors or legal proceedings disclosed in the report.

Year-Over-Year Comparison

This is a 10-Q filing for the period ending December 31, 2023, providing an update on the company's financial status.

Key Financial Figures

• $0.001 — stock issued and outstanding, par value $0.001 per share. SPECIAL NOTE REGARDING FORW

Filing Documents

• tgcb_10q.htm (10-Q) — 716KB
• tgcb_ex311.htm (EX-31.1) — 9KB
• tgcb_ex312.htm (EX-23.2) — 10KB
• tgcb_ex321.htm (EX-32.1) — 4KB
• 0001654954-24-003327.txt (&nbsp;) — 3540KB
• tgcb-20231231.xsd (EX-101.SCH) — 50KB
• tgcb-20231231_lab.xml (EX-101.LAB) — 225KB
• tgcb-20231231_cal.xml (EX-101.CAL) — 33KB
• tgcb-20231231_pre.xml (EX-101.PRE) — 182KB
• tgcb-20231231_def.xml (EX-101.DEF) — 92KB
• tgcb_10q_htm.xml (XML) — 536KB

– Financial Information

Part I – Financial Information Item 1.

Financial Statements (Unaudited)

Financial Statements (Unaudited) F-1 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operation

Management's Discussion and Analysis of Financial Condition and Results of Operation 4 Item 3.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 9 Item 4.

Controls and Procedures

Controls and Procedures 9

– Other Information

Part II – Other Information Item 1.

Legal Proceedings

Legal Proceedings 10 Item 1A.

Risk Factors

Risk Factors 10 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 10 Item 3. Defaults Upon Senior Securities 10 Item 4. Mine Safety Disclosures 10 Item 5. Other Information 11 Item 6. Exhibits 11

Signatures

Signatures 12 Certifications 13 3

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION

Financial Information

Item 1. Financial Information Condensed Balance Sheets as of December 31, 2023 (Unaudited) and June 30, 2023 (Audited) F-2 Condensed Statements of Operations for the Three and Six Months Ended December 31, 2023 and the Three and Six Months Ended December 31, 2022 (Unaudited) F-3 Condensed Statements of Changes in Shareholders' Equity (Deficit) for the Three and Six Months Ended December 31, 2023 and the Three and Six Months Ended December 31, 2022 (Unaudited) F-4 Condensed Statements of Cash Flows for the Six Months Ended December 31, 2023 and the Six Months ended December 31, 2022 (Unaudited) F-5 Notes to the Condensed Financial Statements for the Six Months Ended December 31, 2023 and the Six Months Ended 2022 (Unaudited) F-6 F-1 Table of Contents TEGO CYBER INC. CONDENSED BALANCE SHEETS (Expressed in US Dollars) December 31, 2023 (Unaudited) June 30, 2023 ASSETS Current assets Cash $ 37,820 $ 181,246 Prepaid expenses (Note 5) 13,219 30,226 Total current assets 51,039 211,472 Other assets 25,000 25,000 TOTAL ASSETS $ 76,039 $ 236,472 LIABILITIES & SHAREHOLDERS' EQUITY (DEFICIT) Accounts payable & accrued liabilities $ 468,642 $ 129,273 Deferred revenue 32,192 - Notes payable (Note 9) 920,000 891,694 TOTAL LIABILITIES 1,420,834 1,020,697 SHAREHOLDERS' EQUITY (DEFICIT) Common shares 50,000,000 shares authorized $ 0.001 par value 61,446,616 shares issued and outstanding at December 31, 2023 and 47,343,282 shares at June 30, 2023 61,446 47,343 Additional paid in capital 19,857,586 14,054,838 Subscription receivable ( 50,000 ) - Accumulated deficit ( 21,213,827 ) ( 14,886,676 ) TOTAL SHAREHOLDERS' EQUITY (DEFICIT) ( 1,344,795 ) ( 784,495 ) TOTAL LIABILITIES & SHAREHOLDERS' EQUITY (DEFICIT) $ 76,039 $ 236,472 The accompanying notes are an integral part of these unaudited condensed financial statements. F-2 Table of Contents TEGO CYBER INC. C

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View this 10-Q filing on SEC EDGAR