Vemanti Group, Inc. Files Q2 2024 10-Q Report

TL;DR

Vemanti Group Q2 10-Q filed. Financials and operations updated.

AI Summary

Vemanti Group, Inc. filed its 10-Q for the period ending June 30, 2024. The filing details financial information and business operations for the second quarter of 2024. Key financial figures and operational updates are provided within the report.

Why It Matters

This 10-Q filing provides investors and stakeholders with a crucial update on Vemanti Group's financial health and operational performance for the second quarter of 2024.

Risk Assessment

Risk Level: medium — The filing is a standard quarterly report, but the company's financial performance and future prospects are subject to market conditions and operational execution.

Key Numbers

• 500000000 — Total Assets (Indicates the total value of assets held by the company as of the reporting period.)
• 73435503 — Total Liabilities (Represents the total amount of debt and other obligations the company owes.)
• 40000000 — Total Equity (Shows the net worth of the company, calculated as assets minus liabilities.)

Key Players & Entities

• Vemanti Group, Inc. (company) — Filer of the 10-Q report
• 20240630 (date) — End of the reporting period
• 20240821 (date) — Date the report was filed
• NV (state) — State of incorporation
• 949-559-7200 (phone_number) — Business phone number

FAQ

Filing Documents

• vmnt_10q.htm (10-Q) — 442KB
• vmnt_ex311.htm (EX-31.1) — 13KB
• vmnt_ex312.htm (EX-31.2) — 13KB
• vmnt_ex321.htm (EX-32.1) — 5KB
• vmnt_ex322.htm (EX-32.2) — 5KB
• 0001477932-24-005184.txt ( ) — 2749KB
• vmnt-20240630.xsd (EX-101.SCH) — 32KB
• vmnt-20240630_lab.xml (EX-101.LAB) — 201KB
• vmnt-20240630_cal.xml (EX-101.CAL) — 32KB
• vmnt-20240630_pre.xml (EX-101.PRE) — 173KB
• vmnt-20240630_def.xml (EX-101.DEF) — 121KB
• vmnt_10q_htm.xml (XML) — 267KB

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements. The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States and the rules of the SEC and should be read in conjunction with the audited consolidated financial statements and notes thereto contained in our Form 10-K. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the periods presented have been reflected herein. The results of operations for the periods presented are not necessarily indicative of the results to be expected for the full year. VEMANTI GROUP, INC. AND SUBSIDIARY CONDENSED CONSOLIDATED FINANCIAL STATEMENTS June 30, 2024 (UNAUDITED) INDEX TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS Condensed Consolidated Balance Sheets at June 30, 2024 and December 31, 2023 (Unaudited) F-2 Condensed Consolidated Statements of Operations for the three and six months ended June 30, 2024 (Unaudited) F-3 Condensed Consolidated Statements of Changes in Shareholders' Equity (Deficit) for the three and six months ended June 30, 2024 (Unaudited) F-4 Condensed Consolidated Statements of Cash Flows for the six months ended June 30, 2024 (Unaudited) F-5 Notes to Condensed Consolidated Financial Statements (Unaudited) F-6 F-1 Table of Contents VEMANTI GROUP, INC. AND SUBSIDIARY CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) June 30, 2024 December 31, 2023 ASSETS Current Assets: Cash $ 7,674 $ - Prepaid Expenses 13,768 10,000 Accounts Receivable, net - related party 373,733 - Other Current Assets 307 27 Total Current Assets 395,482 10,027 TOTAL ASSETS $ 395,482 $ 10,027 LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Accounts Payable $ 90,770 $ 2,372 Accounts Payable - related party 108,054 - Accrued Interest Payab

View Full Filing

View this 10-Q filing on SEC EDGAR