TRANSUITE.ORG INC. Files Quarterly Report on Form 10-Q for Period Ended February 29, 2024

TL;DR

<b>TRANSUITE.ORG INC. filed its quarterly report (10-Q) for the period ending February 29, 2024.</b>

AI Summary

TRANSUITE.ORG INC. (TRSO) filed a Quarterly Report (10-Q) with the SEC on April 19, 2024. Filing is a Form 10-Q for the quarterly period ended February 29, 2024. Registrant is TRANSUITE.ORG INC., incorporated in Nevada. Principal executive office located at Al. Jerozolimskie 85 lok. 21, 02-001 Warsaw, PL. The company has filed all required reports for the preceding 12 months. No securities registered under Section 12(b) of the Exchange Act.

Why It Matters

For investors and stakeholders tracking TRANSUITE.ORG INC., this filing contains several important signals. This filing provides an update on the company's financial performance and operational status for the first quarter of its fiscal year. Investors can use this report to assess the company's financial health and compliance with SEC regulations.

Risk Assessment

Risk Level: low — TRANSUITE.ORG INC. shows low risk based on this filing. The filing is a standard quarterly report (10-Q) and does not contain immediate red flags, but detailed financial analysis is required to fully assess risk.

Analyst Insight

Review the detailed financial statements within the 10-Q to understand TRANSUITE.ORG INC.'s performance and financial position.

Key Numbers

• 2024-02-29 — Quarterly Period End Date (Form 10-Q filing)
• 2024-04-19 — Filing Date (Form 10-Q filing)
• 1130 — Fiscal Year End (Company fiscal year end)

Key Players & Entities

• TRANSUITE.ORG INC. (company) — Registrant name
• February 29, 2024 (date) — Quarterly period ended
• Al. Jerozolimskie 85 lok. 21, 02-001 Warsaw, PL (address) — Principal executive office
• Nevada (jurisdiction) — State of incorporation
• 30-1129581 (id) — I.R.S. Employer Identification Number
• 7370 (sic_code) — Primary Standard Industrial Classification Code
• Michal Wisniewski (person) — Contact person for principal executive office
• + 48 - 73210086 2 (phone) — Telephone number

FAQ

Risk Factors

• Filing Requirements [low — regulatory]: The company confirms it has filed all reports required by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months.

Industry Context

The company operates within the Services-Computer Programming, Data Processing, etc. industry (SIC code 7370).

Regulatory Implications

The filing is made pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934, indicating ongoing reporting obligations.

What Investors Should Do

1. Analyze the financial statements (income statement, balance sheet, cash flow) for the period ended February 29, 2024.
2. Review any disclosures regarding business operations, legal proceedings, or risk factors.
3. Compare key financial metrics to previous periods to identify trends.

Key Dates

• 2024-02-29: Quarterly period ended — End of the reporting period for the 10-Q.
• 2024-04-19: Filing Date — Date the 10-Q was officially filed with the SEC.

Year-Over-Year Comparison

This is the initial filing analyzed, so no comparison to a previous filing is available.

Key Financial Figures

• $3,225 — 24 and February 28, 2023, we recognized $3,225 and $2,125 worth of amortization expens
• $2,125 — uary 28, 2023, we recognized $3,225 and $2,125 worth of amortization expense, respecti
• $9,675 — nize additional amortization expense of $9,675 during the year ended November 30, 2024
• $12,900 — uring the year ended November 30, 2024, $12,900 of amortization expense in the fiscal y
• $11,859 — al years ending November 2025 and 2026, $11,859 of amortization expense in the fiscal y
• $4,118 — scal year ending November 30, 2027, and $4,118 of amortization expense in the fiscal y
• $50,000 — O. The lender agreed to lend a total of $50,000 payable in applicable installments over
• $100,000 — increase maximum amount of the Loan to $100,000 and extend the Term to 7 years or until
• $30,692 — ded February 29, 2024, the CEO advanced $30,692 to the Company and the Company repaid t
• $0 — Company and the Company repaid the CEO $0. Imputed interest expense of $1,329 and
• $1,329 — the CEO $0. Imputed interest expense of $1,329 and $1,239 for the three months ended F
• $1,239 — Imputed interest expense of $1,329 and $1,239 for the three months ended February 29,
• $0.001 — 0) shares of Common Stock, par value of $0.001 per share. There were 4,046,760 share
• $153,520 — te in the aggregate principal amount of $153,520. The Convertible Note is not subject to
• $0.03 — o shares of the common stock, par value $0.03 per share from the date on which the Co

Filing Documents

• trso10q_29feb2024.htm (10-Q) — 234KB
• ex31_1.htm (EX-31.1) — 12KB
• ex32_1.htm (EX-32.1) — 5KB
• 0001758699-24-000017.txt (&nbsp;) — 1366KB
• trso-20240229.xsd (EX-101.SCH) — 11KB
• trso-20240229_cal.xml (EX-101.CAL) — 19KB
• trso-20240229_def.xml (EX-101.DEF) — 13KB
• trso-20240229_lab.xml (EX-101.LAB) — 102KB
• trso-20240229_pre.xml (EX-101.PRE) — 75KB
• trso10q_29feb2024_htm.xml (XML) — 93KB

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

Management's Discussion and Analysis of Financial Condition and Results of Operations 13 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 14 Item 4.

Controls and Procedures

Controls and Procedures 15 PART II OTHER INFORMATION: Item 1.

Legal Proceedings

Legal Proceedings 18 Item 1A

Risk Factors

Risk Factors 18 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 18 Item 3. Defaults Upon Senior Securities 18 Item 4. Mine Safety Disclosures 18 Item 5. Other Information 18 Item 6. Exhibits 18

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION Item 1. Condensed Financial Statements. The accompanying interim condensed financial statements of Transuite.Org Inc. ("the Company", "we", "us" or "our"), have been prepared without audit pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with United States generally accepted accounting principles have been condensed or omitted pursuant to such rules and regulations. The interim financial statements are condensed and should be read in conjunction with the Company's latest annual financial statements. In the opinion of management, the condensed financial financial condition, results of operations, and cash flows of the Company for the interim periods presented. 4 Transuite.Org Inc. Condensed Balance Sheets as of February 29, 2024 (Unaudited) and November 30, 2023 As of February 29, 2024 As of November 30, 2023 (Unaudited) ASSETS Current Assets Cash $ 10,815 $ 10,815 Prepaid expense 90,603 123,483 Total Current Assets 101,418 134,298 Other Assets Intangible assets, net 51,452 54,677 Total Other Assets 51,452 54,677 TOTAL ASSETS $ 152,870 $ 188,975 LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) Liabilities Current Liabilities Accounts payable $ - $ 18,100 Convertible notes payable 153,520 153,520 Total Current Liabilities 153,520 171,620 Loan payable – related party 81,363 50,671 Total Long-Term Liabilities 81,363 50,671 Total Liabilities 234,883 222,291 Stockholder's Equity (Deficit) Common stock, $ 0.001 par value, 75,000,000 shares authorized, 4,046,760 shares issued and outstanding at February 29, 2024 and November 30, 2023 4,047 4,047 Additional pai

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

Management's Discussion and Analysis of Financial Condition and Results of Operations. Business Overview Transuite.Org Inc. is an online translation service that offers high-quality professional translation services in a set of foreign languages. Our service is available worldwide, allowing us to cater to the needs of both individuals and businesses across various industries. We offer a platform, providing a cloud-based place accessible through a web browser on any device. The platform enables online translation services in English, Spanish, French, German, Greek, Japanese, Italian, Chinese, Polish, Turkish, Swedish, Indonesian, Vietnamese, and Thai. Our website, http://transuite.org, features a user-friendly interface for placing translation orders, making it easy to find available translation services based on a user's request and receive them when needed. Our Website Our platform can be accessed at http://transuite.org. Strategy Transuite.Org Inc. aims to address two main objectives: meeting the increasing demand for high-quality online translations across various industries and global individuals. Additionally, the company seeks to offer freelance translators a reliable platform to connect with new clients and expand their professional networks. To achieve these goals, we are dedicated to expanding our platform for regular users and small businesses, offering a cloud-based marketplace accessible through any web browser on any device. This expansion will facilitate direct connections between end-users and translators, enabling discussions on collaboration conditions and ensuring access to appropriate services tailored to specific needs. Central to our strategy is the empowerment of freelance translators through our platform. We aim to create an environment where translators can showcase their skills, build their portfolios, and engage with potential clients. By fostering meaningful connections and providing a space for professional growth, we are commi

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