US Nuclear Corp. Files Q3 2024 10-Q Report
Ticker: UCLE · Form: 10-Q · Filed: Nov 27, 2024 · CIK: 1543623
| Field | Detail |
|---|---|
| Company | US Nuclear Corp. (UCLE) |
| Form Type | 10-Q |
| Filed Date | Nov 27, 2024 |
| Risk Level | low |
| Pages | 15 |
| Reading Time | 18 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, quarterly-report, company-filing
TL;DR
**US NUCLEAR CORP. filed its Q3 10-Q. Check financials.**
AI Summary
US NUCLEAR CORP. filed its quarterly report on Form 10-Q for the period ended September 30, 2024. The company, formerly known as APEX 3, INC., is incorporated in Delaware and operates in the measuring & 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 an update on US Nuclear Corp.'s financial performance and operational status for the third quarter of 2024.
Risk Assessment
Risk Level: low — This filing is a standard quarterly report and does not contain immediate high-risk indicators.
Key Numbers
- 20240930 — Reporting Period End Date (Indicates the end of the fiscal quarter covered by the report.)
- 000-54617 — SEC File Number (Unique identifier for the company's filings with the SEC.)
Key Players & Entities
- US NUCLEAR CORP. (company) — Registrant
- APEX 3, INC. (company) — Former company name
- 20240930 (date) — Reporting period end date
- 7051 Eton Avenue, Canoga Park, CA 91303 (address) — Principal executive offices
- 000-54617 (other) — Commission file number
FAQ
What is the primary business of US Nuclear Corp.?
US Nuclear Corp. operates in the Measuring & Controlling Devices, NEC sector, with SIC code 3829.
When was the company formerly known as APEX 3, INC.?
The company's name changed from APEX 3, INC. on March 1, 2012.
What is the address of US Nuclear Corp.'s principal executive offices?
The principal executive offices are located at 7051 Eton Avenue, Canoga Park, CA 91303.
What is the fiscal year end for US Nuclear Corp.?
The fiscal year end for US Nuclear Corp. is December 31.
What type of report is this filing?
This filing is a Form 10-Q, a quarterly report under Section 13 or 15(d) of the Securities Exchange Act of 1934.
Filing Stats: 4,590 words · 18 min read · ~15 pages · Grade level 16.7 · Accepted 2024-11-27 14:14:08
Filing Documents
- ea0221592-10q_usnuclear.htm (10-Q) — 756KB
- ea022159201ex3-4_usnuclear.htm (EX-3.4) — 14KB
- ea022159201ex31-1_usnuclear.htm (EX-31.1) — 10KB
- ea022159201ex31-2_usnuclear.htm (EX-31.2) — 10KB
- ea022159201ex32-1_usnuclear.htm (EX-32.1) — 5KB
- ea022159201ex32-2_usnuclear.htm (EX-32.2) — 4KB
- image_001.jpg (GRAPHIC) — 5KB
- 0001213900-24-103353.txt ( ) — 5582KB
- ucle-20240930.xsd (EX-101.SCH) — 52KB
- ucle-20240930_cal.xml (EX-101.CAL) — 37KB
- ucle-20240930_def.xml (EX-101.DEF) — 280KB
- ucle-20240930_lab.xml (EX-101.LAB) — 469KB
- ucle-20240930_pre.xml (EX-101.PRE) — 286KB
- ea0221592-10q_usnuclear_htm.xml (XML) — 549KB
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 19 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 23 Item 4.
Controls and Procedures
Controls and Procedures 23 PART II Item 1.
Legal Proceedings
Legal Proceedings 24 Item 1A.
Risk Factors
Risk Factors 24 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 24 Item 3. Defaults Upon Senior Securities 26 Item 4. Mine Safety Disclosures 26 Item 5. Other Information 26 Item 6. Exhibits 26
- FINANCIAL INFORMATION
PART I - FINANCIAL INFORMATION
Financial Statements
Item 1. Financial Statements. US NUCLEAR CORP. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS September 30, December 31, 2024 2023 (unaudited) (audited) ASSETS CURRENT ASSETS Cash $ 31,778 $ 152,840 Accounts receivable, net 464,434 342,172 Note receivable 32,730 21,149 Inventories 1,967,100 1,761,783 Prepaid expenses and other current assets 10,000 - TOTAL CURRENT ASSETS 2,506,042 2,277,944 Property and equipment, net 2,133 4,217 Investments 4,539 4,539 Goodwill 570,176 570,176 TOTAL ASSETS $ 3,082,890 $ 2,856,876 LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES Accounts payable $ 272,778 $ 207,929 Accounts payable - related party 18,000 456,000 Accrued liabilities 937,296 1,020,743 Accrued compensation - officers - 860,000 Customer deposit 100,591 6,771 Deferred revenue - 51,578 Notes payable - 104,308 Convertible debt, net of debt discount 638,466 600,614 Note payable to shareholder 119,012 1,220,279 Line of credit 326,662 311,273 TOTAL CURRENT LIABILITIES 2,412,805 4,839,495 LONG-TERM LIABILITIES Notes payable 815,672 - TOTAL LONG-TERM LIABILITIES 815,672 - COMMITMENTS & CONTINGENCIES - - TOTAL LIABILITIES 3,228,477 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 4,842 4,017 Common shares to be issued - 126,000 Preferred stock, Series A, $ 0.0001 par value, 10,000 shares authorized, 1,878 and - 0 -, issued and outstanding - - Additional paid in capital 18,439,845 16,454,048 Accumulated deficit ( 18,590,274 ) ( 18,566,684 ) TOTAL SHAREHOLDERS' EQUITY ( 145,587 ) ( 1,982,619 ) TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 3,082,890 $ 2,856,876 The accompanying notes are an integral part of these unaudited condensed consolidated financial statements. 1 US NUCLEAR CORP. AND SUBSIDIARIES CONDENSED C