T-REX Acquisition Corp. Files 10-Q for Period Ending December 31, 2023

TL;DR

<b>T-REX Acquisition Corp. has filed its quarterly report (10-Q) for the period ending December 31, 2023.</b>

AI Summary

T-REX Acquisition Corp. (TRXA) filed a Quarterly Report (10-Q) with the SEC on March 19, 2024. T-REX Acquisition Corp. filed a 10-Q report for the period ending December 31, 2023. The company's fiscal year ends on June 30. The filing covers the second quarter of fiscal year 2024. The company was formerly known as Trex Acquisition Corp., Sync2 Networks Corp, and Plethora Resources, Inc. The business and mailing address is located at 7301 NW 4th Street, Suite 102, Plantation, FL 33317.

Why It Matters

For investors and stakeholders tracking T-REX Acquisition Corp., this filing contains several important signals. This filing provides investors with an update on the company's financial performance and operational status for the most recent quarter. Understanding the details within this 10-Q is crucial for assessing the company's current financial health and future prospects.

Risk Assessment

Risk Level: low — T-REX Acquisition Corp. shows low risk based on this filing. The filing contains limited financial data, primarily focusing on corporate structure and historical information, making a detailed risk assessment difficult.

Analyst Insight

Monitor future filings for detailed financial performance and operational updates to better assess investment potential.

Key Numbers

• 2023-12-31 — Period End Date (Period of report)
• 2024-03-19 — Filing Date (Filed as of date)
• 0630 — Fiscal Year End (Company's fiscal year end)

Key Players & Entities

• T-REX Acquisition Corp. (company) — Filer name
• 2023-12-31 (date) — Period of report
• 2024-03-19 (date) — Filed as of date
• 0001477932-24-001311 (accession_number) — Accession number
• NV (state) — State of incorporation
• 0630 (date) — Fiscal year end
• 7301 NW 4th Street, Suite 102, Plantation, FL 33317 (address) — Business address
• Trex Acquisition Corp. (company) — Former company name

FAQ

Industry Context

T-REX Acquisition Corp. operates within the finance services sector, specifically classified under SIC code 6199.

Regulatory Implications

As a publicly traded company, T-REX Acquisition Corp. is subject to the reporting requirements of the Securities Exchange Act of 1934, including the filing of quarterly reports (10-Q).

What Investors Should Do

1. Review the full 10-Q filing for any disclosed financial statements or management discussion and analysis.
2. Research the company's historical filings to understand its business evolution and past performance.
3. Investigate the nature of the company's business operations, given its classification in finance services.

Key Dates

• 2023-12-31: Period End Date — End of the reporting period for the 10-Q filing.
• 2024-03-19: Filing Date — Date the 10-Q report was officially filed with the SEC.

Year-Over-Year Comparison

This is the initial 10-Q filing for T-REX Acquisition Corp. under its current structure and name, with limited comparative data available from previous periods.

Key Financial Figures

• $0.0001 — e 18,223,953 shares of the Registrant's $0.0001 par value common stock issued and outst

Filing Documents

• trex_10q.htm (10-Q) — 688KB
• trex_ex311.htm (EX-31.1) — 10KB
• trex_ex321.htm (EX-32.1) — 5KB
• 0001477932-24-001311.txt (&nbsp;) — 3520KB
• trex-20231231.xsd (EX-101.SCH) — 39KB
• trex-20231231_lab.xml (EX-101.LAB) — 205KB
• trex-20231231_cal.xml (EX-101.CAL) — 35KB
• trex-20231231_pre.xml (EX-101.PRE) — 170KB
• trex-20231231_def.xml (EX-101.DEF) — 93KB
• trex_10q_htm.xml (XML) — 577KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION ITEM 1. CONSOLIDATED FINANCIAL STATEMENTS F-1 ITEM 2.

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 24 ITEM 3.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 27 ITEM 4.

CONTROLS AND PROCEDURES

CONTROLS AND PROCEDURES 27

OTHER INFORMATION

PART II. OTHER INFORMATION ITEM 1.

LEGAL PROCEEDINGS

LEGAL PROCEEDINGS 29 ITEM 1A.

RISK FACTORS

RISK FACTORS 29 ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS 29 ITEM 3. DEFAULTS UPON SENIOR SECURITIES 29 ITEM 4. MINE SAFETY DISCLOSURES 29 ITEM 5. OTHER INFORMATION 29 ITEM 6. EXHIBITS 30 2 Table of Contents

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements . TREX ACQUISITION CORP. December 31, 2023 Consolidated Balance Sheets F-2 Consolidated Statements of Operations F-3 Consolidated Statements of Stockholders' Equity F-4 Consolidated Statements of Cash Flows F-5 Notes to the Consolidated Financial Statements F-6 F-1 Table of Contents TREX ACQUISITION CORP. CONSOLIDATED BALANCE SHEETS December 31, 2023 June 30, 2023 (Unaudited) ASSETS CURRENT ASSETS: Cash $ 1,202 $ 23,909 Prepaid consulting - current 156,880 161,546 TOTAL CURRENT ASSETS 158,082 185,455 NON-CURRENT ASSETS: Plant and equipment - 14,948 Prepaid consulting – non-current 76,107 152,213 Facility deposit - - TOTAL NON-CURRENT ASSETS 76,107 167,161 TOTAL ASSETS $ 234,189 $ 352,616 LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) CURRENT LIABILITIES: Accounts payable and accrued expenses $ 89,679 $ 63,712 Due to related party 574,838 495,800 Notes payable - related parties 157,500 - Note payable - unrelated parties 115,710 69,525 Deposit payable 15,000 0 TOTAL CURRENT LIABILITIES $ 952,727 629,037 TOTAL LIABILITIES $ 952,727 $ 629,037 Commitments and Contingencies - - STOCKHOLDERS' EQUITY (DEFICIT) Common Stock, 0.0001 par value, authorized 350,000,000 shares and 18,223,953 and 18,223,953 issued and outstanding as of December 31, 2023, and June 30, 2023, respectively 1,822 1,822 Additional paid in capital 5,848,224 5,722,283 Accumulated deficit ( 6,568,584 ) ( 6,000,526 ) TOTAL STOCKHOLDERS' EQUITY (DEFICIT) ( 718,538 ) ( 276,421 ) TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) $ 234,189 $ 352,616 The accompanying footnotes are an integral part of these consolidated financial statements. F-2 Table of Contents T-REX ACQUISITION CORP. CONSOLIDATED STATEMENTS OF OPERATIONS for the three and six months ended December 31, (Unaudited) Three months ended Six months ended 2

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS December 31, 2023 NOTE 1 – ORGANIZATION AND DESCRIPTION OF BUSINESS T-REX Acquisition Corp. (The " Company ") was formed on January 16, 2008, in the state of Nevada under the name Plethora Resources, Inc. as a development stage enterprise. The Company was originally organized to engage in the business of consulting to oil and gas exploration companies interested in obtaining exploration and production licenses at auction for oil and gas properties in Russia. The Company later changed its name to Sync2 Networks Corp when the Company began to engage in software-related services. On March 20, 2014, the Company changed its name to TREX Acquisition Corp. after its business operations under the Sync2 Networks' branding had ceased. On June 21, 2021, the Company decided to pivot from seeking an acquisition candidate to operating a cryptocurrency mining business. On February 17, 2022, the Company began mining bitcoin at Ace Hosting, a Tampa, Florida located data center. On June 30, 2022, the Company changed its name to "T-REX Acquisition Corp." As of June 30, 2023, the Company is a holding company with the following subsidiaries: Raptor Mining LLC, a Florida limited liability company (" Raptor Mining "); and TRXA Merger Sub, Inc., an inactive Delaware corporation (" Merger Sub "). On July 1, 2022, we incorporated Megalodon Mining and Electric, LLC, a Florida limited liability company (" Megalodon "). 2020 TRXA Merger Sub Inc. On March 13, 2020, the Company incorporated the Merger Sub in order to facilitate the acquisition of a pre-revenue Software-as-a-Service internet platform business. The Company's sole Officer and Director currently serves as the sole officer and director of the Merger Sub. As of the date of this filing, neither the Company nor the Merger Sub have entered into a definitive agreement or non-binding letter of intent to acquire a company. 2021 Raptor Mining LLC and 2022 Megalodon Mining and Electric LLC

View Full Filing

View this 10-Q filing on SEC EDGAR