Tego Cyber Reports Q3 Software Revenue
Ticker: TGCB · Form: 10-Q · Filed: May 17, 2024 · CIK: 1815632
| Field | Detail |
|---|---|
| Company | Tego Cyber, INC. (TGCB) |
| Form Type | 10-Q |
| Filed Date | May 17, 2024 |
| Risk Level | medium |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | bullish |
Sentiment: bullish
Topics: revenue-generation, software, 10-Q
TL;DR
Tego Cyber finally making some software dough! $14k this quarter, $25k YTD. Big jump from zero.
AI Summary
Tego Cyber, Inc. reported software revenue of $14,231 for the three months ended March 31, 2024, and $24,962 for the nine months ended March 31, 2024. This marks a significant increase from zero revenue in the comparable periods of 2023. The company filed its 10-Q on May 17, 2024, for the period ending March 31, 2024.
Why It Matters
This filing indicates Tego Cyber has begun generating revenue from its software offerings, a key development for a company in the technology sector.
Risk Assessment
Risk Level: medium — The company is still in its early stages of revenue generation, and the reported amounts are relatively small, indicating potential volatility and execution risk.
Key Numbers
- $14,231 — Software Revenue (3 Months Ended 03/31/2024) (First reported software revenue for the quarter.)
- $24,962 — Software Revenue (9 Months Ended 03/31/2024) (Cumulative software revenue for the fiscal year to date.)
- $0 — Software Revenue (3 Months Ended 03/31/2023) (Indicates a significant year-over-year increase.)
- $0 — Software Revenue (9 Months Ended 03/31/2023) (Indicates a significant year-over-year increase.)
Key Players & Entities
- Tego Cyber, Inc. (company) — Filer
- 20240331 (date) — Reporting Period End Date
- 20240517 (date) — Filing Date
- $14,231 (dollar_amount) — Software Revenue for Three Months Ended March 31, 2024
- $24,962 (dollar_amount) — Software Revenue for Nine Months Ended March 31, 2024
FAQ
What is the nature of the software Tego Cyber is selling?
The filing does not specify the nature of the software, only that it generated revenue.
What were the total revenues for Tego Cyber in the reported periods?
The filing only details software revenue, showing $14,231 for the three months ended March 31, 2024, and $24,962 for the nine months ended March 31, 2024.
When did Tego Cyber begin generating software revenue?
Software revenue generation began in the fiscal year ending June 30, 2024, as no software revenue was reported for the comparable periods in fiscal year 2023.
What is Tego Cyber's fiscal year end?
Tego Cyber's fiscal year ends on June 30.
What is Tego Cyber's business address?
Tego Cyber's business address is 8565 S. EASTERN AVENUE SUITE 150, LAS VEGAS, NV 89123.
Filing Stats: 4,480 words · 18 min read · ~15 pages · Grade level 16 · Accepted 2024-05-17 16:37:42
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) — 758KB
- tgcb_ex311.htm (EX-31.1) — 9KB
- tgcb_ex312.htm (EX-31.2) — 9KB
- tgcb_ex321.htm (EX-32.1) — 4KB
- 0001654954-24-006613.txt ( ) — 3622KB
- tgcb-20240331.xsd (EX-101.SCH) — 51KB
- tgcb-20240331_lab.xml (EX-101.LAB) — 226KB
- tgcb-20240331_cal.xml (EX-101.CAL) — 33KB
- tgcb-20240331_pre.xml (EX-101.PRE) — 185KB
- tgcb-20240331_def.xml (EX-101.DEF) — 97KB
- tgcb_10q_htm.xml (XML) — 544KB
– 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 11 Item 1A.
Risk Factors
Risk Factors 11 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 11 Item 3. Defaults Upon Senior Securities 11 Item 4. Mine Safety Disclosures 11 Item 5. Other Information 11 Item 6. Exhibits 12
Signatures
Signatures 14 Certifications 3 Table of Contents
– FINANCIAL INFORMATION
PART I – FINANCIAL INFORMATION
Financial Information
Item 1. Financial Information Condensed Balance Sheets as of March 31, 2024 (Unaudited) and June 30, 2023 (Audited) F-2 Condensed Statements of Operations for the Three and Nine Months Ended March 31, 2024 and the Three and Nine Months Ended March 31, 2023 (Unaudited) F-3 Condensed Statements of Changes in Shareholders' Equity (Deficit) for the Three and Nine Months Ended March 31, 2024 and the Three and Nine Months Ended March 31, 2023 (Unaudited) F-4 Condensed Statements of Cash Flows for the Nine Months Ended March 31, 2024 and the Nine Months ended March 31, 2023 (Unaudited) F-5 Notes to the Condensed Financial Statements for the Nine Months Ended March 31, 2024 and the Nine Months March 31, 2023 (Unaudited) F-6 F-1 Table of Contents TEGO CYBER INC. CONDENSED BALANCE SHEETS (Expressed in US Dollars) March 31, 2024 (Unaudited) June 30, 2023 ASSETS Current assets Cash $ 69,284 $ 181,246 Prepaid expenses (Note 5) 13,218 30,226 Total current assets 82,502 211,472 Other assets 25,000 25,000 TOTAL ASSETS $ 107,502 $ 236,472 LIABILITIES & SHAREHOLDERS' EQUITY (DEFICIT) Accounts payable & accrued liabilities $ 480,787 $ 129,273 Deferred revenue 33,962 - Notes payable (Note 9) 1,020,000 891,694 TOTAL LIABILITIES 1,534,749 1,020,697 SHAREHOLDERS' EQUITY (DEFICIT) Common shares 100,000,000 shares authorized $ 0.001 par value 71,068,356 shares issued and outstanding at March 31, 2024 and 47,343,282 shares at June 30, 2023 71,068 47,343 Additional paid in capital 20,777,675 14,054,838 Accumulated deficit ( 22,275,990 ) ( 14,886,676 ) TOTAL SHAREHOLDERS' EQUITY (DEFICIT) ( 1,427,247 ) ( 784,495 ) TOTAL LIABILITIES & SHAREHOLDERS' EQUITY (DEFICIT) $ 107,502 $ 236,472 The accompanying notes are an integral part of these unaudited condensed financial statements. F-2 Table of Contents TEGO CYBER INC. CONDENSED STATEMENTS OF OPERATIONS (Unaudited) (Expr