Venu Holding Corp. Files Q3 2024 10-Q
Ticker: VENU · Form: 10-Q · Filed: Dec 23, 2024 · CIK: 1770501
Sentiment: neutral
Topics: 10-Q, financials, amusement-recreation
TL;DR
Venu Holding Corp. (formerly Notes Live) filed its Q3 2024 10-Q. Check financials.
AI Summary
Venu Holding Corp. filed its 10-Q for the period ending September 30, 2024. The company, formerly known as Notes Live, Inc., operates in the amusement and recreation services sector. Financial details for the third quarter and the first nine months of 2024 are presented, including revenue from event center tickets and fees.
Why It Matters
This filing provides investors with an update on Venu Holding Corp.'s financial performance and operational status for the third quarter of 2024, crucial for assessing the company's current health and future prospects.
Risk Assessment
Risk Level: medium — As a publicly traded company filing regular reports, Venu Holding Corp. presents standard financial disclosures, but the specific financial health and operational risks are not detailed enough in this header-level analysis to assign a low or high risk.
Key Numbers
- Q3 2024 — Reporting Period (The 10-Q covers the third quarter of 2024.)
- 2024-09-30 — Fiscal Period End (The financial reporting period concluded on this date.)
- 2024-12-23 — Filing Date (The date the 10-Q was officially submitted to the SEC.)
Key Players & Entities
- Venu Holding Corp. (company) — Filer of the 10-Q
- Notes Live, Inc. (company) — Former name of Venu Holding Corp.
- 20240930 (date) — Period of report for the 10-Q
- 20241223 (date) — Filing date of the 10-Q
- 719-895-5483 (phone_number) — Business phone number for Venu Holding Corp.
FAQ
What were Venu Holding Corp.'s revenues for the third quarter of 2024?
The filing indicates revenue from 'EventCenterTicketAndFeesRevenueMember' for the period of July 1, 2024, to September 30, 2024, but specific dollar amounts are not detailed in this header information.
What is Venu Holding Corp.'s primary business?
Venu Holding Corp. is classified under SERVICES-AMUSEMENT & RECREATION SERVICES [7900].
When did Venu Holding Corp. change its name from Notes Live, Inc.?
The date of the name change from Notes Live, Inc. to Venu Holding Corp. was May 23, 2022.
What is the fiscal year end for Venu Holding Corp.?
Venu Holding Corp.'s fiscal year ends on December 31.
Where is Venu Holding Corp. headquartered?
Venu Holding Corp.'s business address is located at 1755 Telstar Dr, Ste 501, Colorado Springs, CO 80920.
Filing Stats: 4,798 words · 19 min read · ~16 pages · Grade level 20 · Accepted 2024-12-23 16:05:56
Filing Documents
- form10-q.htm (10-Q) — 3443KB
- ex10-1.htm (EX-10.1) — 24KB
- ex31-1.htm (EX-31.1) — 16KB
- ex31-2.htm (EX-31.2) — 17KB
- ex32-1.htm (EX-32.1) — 7KB
- ex32-2.htm (EX-32.2) — 7KB
- 0001493152-24-051822.txt ( ) — 13658KB
- venu-20240930.xsd (EX-101.SCH) — 55KB
- venu-20240930_cal.xml (EX-101.CAL) — 66KB
- venu-20240930_def.xml (EX-101.DEF) — 246KB
- venu-20240930_lab.xml (EX-101.LAB) — 470KB
- venu-20240930_pre.xml (EX-101.PRE) — 372KB
- form10-q_htm.xml (XML) — 3461KB
Signatures
Signatures 47 4 PART I FINANCIAL ITEM 1. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED). V enu Holding Corporation Unaudited Condensed Consolidated Balance sheets 2024 2023 As of September 30, December 31, 2024 2023 Unaudited ASSETS Current assets Cash $ 35,796,857 $ 20,201,104 Inventories 226,871 185,746 Prepaid expenses and other current assets 1,171,226 209,215 Receivables from AEG partnership 1,370,710 - Total current assets $ 38,565,664 $ 20,596,065 Other assets Property and equipment, net $ 125,756,511 $ 57,737,763 Intangible assets, net 227,956 277,995 Operating lease right-of-use assets, net 1,446,793 3,685,980 Investments in related parties 550,000 550,000 Security and other deposits 50,878 375,904 Total other assets $ 128,032,138 $ 62,627,642 Total assets $ 166,597,802 $ 83,223,707 LIABILITIES AND STOCKHOLDERS' EQUITY Accounts payable $ 5,822,922 $ 2,565,460 Accrued expenses 13,137,911 698,369 Accrued payroll and payroll taxes 316,927 331,457 Deferred revenue 2,209,107 764,081 Convertible debt 8,583,275 - Current portion of operating lease liabilities 371,111 230,952 Current portion of long-term debt 208,510 325,245 Total current liabilities $ 30,649,763 $ 4,915,564 Long-term portion of operating lease liabilities $ 1,109,006 $ 3,646,385 Long-term licensing liability 6,800,000 1,500,000 Long-term debt, net of current portion 14,001,634 11,182,073 Total liabilities $ 52,560,403 $ 21,244,022 Commitments and contingencies - - Stockholders' Equity Class B common stock, $ 0.001 par - 1,000,000 authorized, 383,656 issued and outstanding at September 30, 2024 and 30,000,000 authorized and 1,959,445 issued and outstanding at December 31, 2023 383 1,960 Class C common stock, $ 0.001 par - 0 authorized and issued and outstanding at September 30, 2024 and 50,000,000 authorized and 30,306,060 issued and outs