VPR Brands, LP Files 10-Q for Period Ended March 31, 2024

TL;DR

<b>VPR Brands, LP has filed its quarterly report (10-Q) for the period ending March 31, 2024, confirming compliance with SEC filing requirements.</b>

AI Summary

VPR Brands, LP. (VPRB) filed a Quarterly Report (10-Q) with the SEC on May 16, 2024. VPR Brands, LP filed a 10-Q quarterly report for the period ended March 31, 2024. The company is registered in Delaware and has an IRS Employer Identification No. of 45-1740641. Its principal executive offices are located at 1141 Sawgrass Corporate Parkway, Sunrise, FL 33323. VPR Brands, LP has been subject to the filing requirements for the past 90 days and has submitted all required reports. The company has submitted electronically every Interactive Data File required by Rule 405 of Regulation S-T.

Why It Matters

For investors and stakeholders tracking VPR Brands, LP., this filing contains several important signals. This filing provides an update on VPR Brands, LP's financial and operational status for the first quarter of 2024, which is crucial for investors to assess the company's performance and outlook. As a smaller reporting company, this 10-Q filing is a key document for stakeholders to understand the company's financial health and any material changes since its last report.

Risk Assessment

Risk Level: low — VPR Brands, LP. shows low risk based on this filing. The filing is a routine quarterly report (10-Q) and does not contain significant new financial data or strategic shifts, indicating a low level of immediate risk or change.

Analyst Insight

Monitor future filings for specific financial performance data and operational updates beyond this procedural report.

Key Numbers

• 2024-03-31 — Quarterly Period End Date (The report covers the period ending on this date.)
• 2024-05-16 — Filing Date (The date the 10-Q was filed.)
• 45-1740641 — IRS Employer Identification No. (Identifies the company for tax purposes.)
• 000-54545 — Commission File Number (SEC's file number for the company.)

Key Players & Entities

• VPR Brands, LP (company) — Registrant name
• March 31, 2024 (date) — Quarterly period ended
• 1141 Sawgrass Corporate Parkway (location) — Principal executive offices address
• Sunrise, FL 33323 (location) — Principal executive offices address
• Delaware (location) — State of incorporation
• 45-1740641 (identifier) — IRS Employer Identification No.
• 000-54545 (identifier) — Commission file number
• Rule 405 of Regulation S-T (regulatory) — Rule for Interactive Data File submission

FAQ

Industry Context

VPR Brands, LP operates within the software services industry, as indicated by its SIC code 7372. This filing is a standard quarterly report for a publicly traded company.

Regulatory Implications

The filing adheres to Section 13 or 15(d) of the Securities Exchange Act of 1934 and Rule 405 of Regulation S-T for electronic data submission.

What Investors Should Do

1. Review the full 10-Q filing for detailed financial statements and management discussion.
2. Compare the reported period's performance against previous quarters and the same period last year.
3. Note any disclosures regarding risks, legal proceedings, or significant business developments.

Key Dates

• 2024-03-31: Quarterly Period End — Marks the end of the reporting period for the 10-Q.
• 2024-05-16: Filing Date — The date the 10-Q was officially submitted to the SEC.

Year-Over-Year Comparison

This filing is a standard 10-Q for the period ended March 31, 2024. Specific comparative financial data from the previous filing is not detailed in this header information.

Filing Documents

• ea0206099-10q_vprbrands.htm (10-Q) — 563KB
• ea020609901ex31-1_vprbra.htm (EX-31.1) — 10KB
• ea020609901ex31-2_vprbra.htm (EX-31.2) — 10KB
• ea020609901ex32-1_vprbra.htm (EX-32.1) — 5KB
• 0001213900-24-044299.txt (&nbsp;) — 3816KB
• vprb-20240331.xsd (EX-101.SCH) — 47KB
• vprb-20240331_cal.xml (EX-101.CAL) — 37KB
• vprb-20240331_def.xml (EX-101.DEF) — 187KB
• vprb-20240331_lab.xml (EX-101.LAB) — 347KB
• vprb-20240331_pre.xml (EX-101.PRE) — 184KB
• ea0206099-10q_vprbrands_htm.xml (XML) — 343KB

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION Item 1. Unaudited Financial Statements. Condensed Balance Sheets as of March 31, 2024 (unaudited) and December 31, 202 3 1 Condensed Statements of Operations for the Three Months Ended March 31, 2024 and 2023 (unaudited) 2 Condensed (unaudited) 3 Condensed Statements of Cash Flows for the Three Months Ended March 31, 2024 and 2023 (unaudited) 4 Notes to Unaudited Condensed Financial Statements 5

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations. 17

Quantitative and Qualitative Disclosures About Market Risk

Item 3. Quantitative and Qualitative Disclosures About Market Risk. 26

Controls and Procedures

Item 4. Controls and Procedures. 26

- OTHER INFORMATION

PART II - OTHER INFORMATION

Legal Proceedings

Item 1. Legal Proceedings. 28

Risk Factors

Item 1A. Risk Factors. 28

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds. 28

Defaults Upon Senior Securities

Item 3. Defaults Upon Senior Securities. 28

Mine Safety Disclosures

Item 4. Mine Safety Disclosures. 28

Other Information

Item 5. Other Information. 28

Exhibits

Item 6. Exhibits. 28 i CAUTIONARY This report includes forward-looking statements that relate to future events or our future financial performance and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Words such as, but not limited to, "believe," "expect," "anticipate," "estimate," "intend," "plan," "targets," "likely," "aim," "will," "would," "could," and similar expressions or phrases identify forward-looking statements. We have based these forward-looking statements largely on our current expectations and future events and financial trends that we believe may affect our financial condition, results of operation, business strategy and financial needs. You should read thoroughly this report and the documents that we refer to herein with the understanding that our actual future results may be materially different from and/or worse than what we expect. We qualify all of our forward-looking statements by these cautionary statements including those made in this report, in Part I. Item 1A. Risk Factors appearing in our Annual Report on Form 10-K for the year ended December 31, 2023 and our other filings with the Securities and Exchange Commission. Other sections of this report include additional factors which could adversely impact our business and financial performance. New risk factors emerge from time to time and it is not possible for our management to predict all risk factors, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. Except for our ongoing obligations to disclose material information

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View this 10-Q filing on SEC EDGAR