US Nuclear Corp. Files Q2 2024 10-Q
Ticker: UCLE · Form: 10-Q · Filed: Oct 4, 2024 · CIK: 1543623
| Field | Detail |
|---|---|
| Company | US Nuclear Corp. (UCLE) |
| Form Type | 10-Q |
| Filed Date | Oct 4, 2024 |
| Risk Level | low |
| Pages | 15 |
| Reading Time | 18 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, quarterly-report, sec-filing
TL;DR
US NUCLEAR CORP. FILED ITS 10-Q FOR Q2 2024. CHECK FINANCIALS.
AI Summary
US Nuclear Corp. filed its 10-Q for the quarterly period ended June 30, 2024. The company, formerly known as Apex 3, Inc., is incorporated in Delaware and operates in the measuring and controlling devices sector. Its principal executive offices are located at 7051 Eton Avenue, Canoga Park, CA 91303.
Why It Matters
This filing provides investors with the latest financial performance and operational details for US Nuclear Corp. during the second quarter of 2024.
Risk Assessment
Risk Level: low — This filing is a routine quarterly report and does not contain immediate, high-impact news.
Key Numbers
- 000-54617 — Commission File Number (Identifies the company's filings with the SEC.)
- 45-4535739 — IRS Employer Identification No. (Company's tax identification number.)
Key Players & Entities
- US NUCLEAR CORP. (company) — Registrant
- June 30, 2024 (date) — Quarterly period end date
- Apex 3, Inc. (company) — Former company name
- 7051 Eton Avenue, Canoga Park, CA 91303 (location) — Principal executive offices
- 000-54617 (dollar_amount) — Commission file number
FAQ
What is the reporting period for this 10-Q filing?
The 10-Q filing is for the quarterly period ended June 30, 2024.
What was US Nuclear Corp.'s former company name?
US Nuclear Corp. was formerly known as Apex 3, Inc.
Where are US Nuclear Corp.'s principal executive offices located?
The principal executive offices are located at 7051 Eton Avenue, Canoga Park, CA 91303.
What is the commission file number for US Nuclear Corp.?
The commission file number is 000-54617.
In which state is US Nuclear Corp. incorporated?
US Nuclear Corp. is incorporated in Delaware.
Filing Stats: 4,550 words · 18 min read · ~15 pages · Grade level 16.3 · Accepted 2024-10-04 15:44:05
Filing Documents
- ea0216291-10q_usnuclear.htm (10-Q) — 615KB
- ea021629101ex31-1_usnuclear.htm (EX-31.1) — 11KB
- ea021629101ex31-2_usnuclear.htm (EX-31.2) — 11KB
- ea021629101ex32-1_usnuclear.htm (EX-32.1) — 5KB
- ea021629101ex32-2_usnuclear.htm (EX-32.2) — 5KB
- image_001.jpg (GRAPHIC) — 5KB
- 0001213900-24-085521.txt ( ) — 4995KB
- ucle-20240630.xsd (EX-101.SCH) — 59KB
- ucle-20240630_cal.xml (EX-101.CAL) — 37KB
- ucle-20240630_def.xml (EX-101.DEF) — 243KB
- ucle-20240630_lab.xml (EX-101.LAB) — 467KB
- ucle-20240630_pre.xml (EX-101.PRE) — 250KB
- ea0216291-10q_usnuclear_htm.xml (XML) — 484KB
Financial Statements (Unaudited)
Financial Statements (Unaudited) 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 18 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 22 Item 4.
Controls and Procedures
Controls and Procedures 22 PART II Item 1.
Legal Proceedings
Legal Proceedings 23 Item 1A.
Risk Factors
Risk Factors 23 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 23 Item 3. Defaults Upon Senior Securities 23 Item 4. Mine Safety Disclosures 24 Item 5. Other Information 24 Item 6. Exhibits 24
- FINANCIAL INFORMATION
PART I - FINANCIAL INFORMATION
Financial Statements
Item 1. Financial Statements. US NUCLEAR CORP. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS June 30, December 31, 2024 2023 (unaudited) (audited) ASSETS CURRENT ASSETS Cash $ 137,849 $ 152,840 Accounts receivable, net 279,928 342,172 Note receivable 29,230 21,149 Inventories 1,809,267 1,761,783 Prepaid expenses and other current assets 10,000 - TOTAL CURRENT ASSETS 2,266,274 2,277,944 Property and equipment, net 3,429 4,217 Investments 4,539 4,539 Acquisition deposit - - Goodwill 570,176 570,176 TOTAL ASSETS $ 2,844,418 $ 2,856,876 LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES Accounts payable $ 215,668 $ 207,929 Accounts payable - related party 552,000 456,000 Accrued liabilities 913,732 1,020,743 Accrued compensation - officers 910,000 860,000 Customer deposit 73,691 6,771 Deferred revenue - 51,578 Notes payable 27,600 104,308 Convertible debt, net of debt discount 664,015 600,614 Note payable to shareholder 1,483,812 1,220,279 Line of credit 316,570 311,273 TOTAL CURRENT LIABILITIES 5,157,088 4,839,495 COMMITMENTS & CONTINGENCIES - - TOTAL LIABILITIES 5,157,088 4,839,495 SHAREHOLDERS' EQUITY: Common stock, $ 0.0001 par value; 100,000,000 shares authorized, 47,425,778 and 40,173,778 shares issued and outstanding 4,742 4,017 Common shares to be issued - 126,000 Additional paid in capital 16,161,945 16,454,048 Accumulated deficit ( 18,479,357 ) ( 18,566,684 ) TOTAL SHAREHOLDERS' EQUITY ( 2,312,670 ) ( 1,982,619 ) TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 2,844,418 $ 2,856,876 The accompanying notes are an integral part of these unaudited condensed consolidated financial statements. 1 US NUCLEAR CORP. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Sales $ 502,568 $ 346,801 $ 1,130