Winvest Group Ltd Files 10-K for Fiscal Year Ended December 31, 2023

TL;DR

<b>Winvest Group Ltd has filed its annual 10-K report for the fiscal year ending December 31, 2023, detailing its financial performance and business operations.</b>

AI Summary

Winvest Group Ltd (WNLV) filed a Annual Report (10-K) with the SEC on April 19, 2024. Winvest Group Ltd filed its 10-K report for the fiscal year ending December 31, 2023. The company was formerly known as ZYROX MINING INTERNATIONAL INC, with a name change on September 21, 2012. Winvest Group Ltd is incorporated in Nevada (NV). The company's primary business address is 50 West Liberty Street, Suite 880, Reno, NV 89501. The filing covers the period from January 1, 2023, to December 31, 2023.

Why It Matters

For investors and stakeholders tracking Winvest Group Ltd, this filing contains several important signals. This 10-K filing provides a comprehensive overview of Winvest Group Ltd's financial health and strategic direction for the fiscal year 2023, which is crucial for investors to assess the company's performance and future prospects. Understanding the company's historical information, including its former name and incorporation details, provides context for its current operations and potential evolution within its industry.

Risk Assessment

Risk Level: low — Winvest Group Ltd shows low risk based on this filing. The filing is a standard 10-K, which is a routine annual report and does not contain immediate, significant financial disclosures or market-moving information beyond standard reporting requirements.

Analyst Insight

Review the full 10-K filing for detailed financial statements, risk factors, and management discussion to understand Winvest Group Ltd's operational performance and strategic outlook.

Key Numbers

• 2023-12-31 — Fiscal Year End (The reporting period concludes on this date.)
• 2024-04-19 — Filing Date (The date the 10-K was submitted to the SEC.)
• 7812 — Standard Industrial Classification (SIC code for Motion Picture & Video Tape Production.)
• NV — State of Incorporation (Winvest Group Ltd is incorporated in Nevada.)

Key Players & Entities

• Winvest Group Ltd (company) — Filer and subject of the 10-K filing.
• ZYROX MINING INTERNATIONAL INC (company) — Former name of Winvest Group Ltd.
• 2023-12-31 (date) — Fiscal year end date for the 10-K report.
• 2024-04-19 (date) — Filing date of the 10-K report.
• Nevada (location) — State of incorporation for Winvest Group Ltd.
• Reno (location) — City of business and mailing address.

FAQ

Industry Context

Winvest Group Ltd operates within the Services-Motion Picture & Video Tape Production industry, as indicated by its SIC code 7812.

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934, requiring public companies to submit regular financial disclosures to the SEC.

What Investors Should Do

1. Thoroughly review the financial statements and notes within the 10-K for a complete understanding of the company's financial position.
2. Analyze the 'Risk Factors' section to identify potential challenges and uncertainties facing Winvest Group Ltd.
3. Examine the 'Management's Discussion and Analysis of Financial Condition and Results of Operations' for insights into the company's performance drivers and outlook.

Key Dates

• 2023-12-31: Fiscal Year End — Marks the end of the reporting period for the 10-K.
• 2024-04-19: 10-K Filing Date — The date the annual report was officially submitted.

Year-Over-Year Comparison

This is the initial 10-K filing for Winvest Group Ltd under its current name and structure, following its previous identity as ZYROX MINING INTERNATIONAL INC.

Key Financial Figures

• $4.00 — uity was last sold as of June 30, 2023 ($4.00 per share), the last business day of th
• $0.001 — hares of the registrant's common stock, $0.001 par value per share, outstanding as of
• $700,000 — e consideration paid for the Shares was $700,000. The source of the cash consideration f
• $6,000,000 — ed business activity. TCG seeks between $6,000,000 to $24,000,000 funds to invest in films
• $24,000,000 — tivity. TCG seeks between $6,000,000 to $24,000,000 funds to invest in films. TCG focuses
• $5m — ctor attached. All projects more than $5m require a completion bond issued by a c

Filing Documents

• winvestgroup_10k.htm (10-K) — 709KB
• winvestgroup_ex21-1.htm (EX-21.1) — 3KB
• winvestgroup_ex31-1.htm (EX-31.1) — 8KB
• winvestgroup_ex31-2.htm (EX-31.2) — 8KB
• winvestgroup_ex32-1.htm (EX-32.1) — 5KB
• img_001.jpg (GRAPHIC) — 11KB
• img_002.jpg (GRAPHIC) — 28KB
• img_003.jpg (GRAPHIC) — 79KB
• img_004.jpg (GRAPHIC) — 32KB
• img_005.jpg (GRAPHIC) — 27KB
• img_006.jpg (GRAPHIC) — 26KB
• img_007.jpg (GRAPHIC) — 29KB
• 0001829126-24-002653.txt (&nbsp;) — 3608KB
• wnlv-20231231.xsd (EX-101.SCH) — 21KB
• wnlv-20231231_cal.xml (EX-101.CAL) — 32KB
• wnlv-20231231_def.xml (EX-101.DEF) — 82KB
• wnlv-20231231_lab.xml (EX-101.LAB) — 220KB
• wnlv-20231231_pre.xml (EX-101.PRE) — 185KB
• winvestgroup_10k_htm.xml (XML) — 198KB

Business

Business 1 Item 1A.

Risk Factors

Risk Factors 17 Item 1B. Unresolved Staff Comments 25 Item 2.

Properties

Properties 25 Item 3.

Legal Proceedings

Legal Proceedings 25 Item 4. Mine Safety Disclosures 27 Part II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 28 Item 6. Reserved 29 Item 7.

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

Management's Discussion and Analysis of Financial Condition and Results of Operations 30 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 37 Item 8. Condensed

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 37 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 37 Item 9A.

Controls and Procedures

Controls and Procedures 37 Item 9B. Other Information 38 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 38 Part III Item 10. Directors, Executive Officers and Corporate Governance 39 Item 11.

Executive Compensation

Executive Compensation 43 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 45 Item 13. Certain Relationships and Related Transactions, and Director Independence 49 Item 14. Principal Accounting Fees and Services 49 Part IV Item 15. Exhibits, Financial Statement Schedules 50 Item 16. Form 10-K Summary 50

Signatures

Signatures 51 i CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS This Annual Report on Form 10-K and the documents incorporated herein by reference contain forward-looking statements. Such forward-looking statements are based on current expectations, estimates and projections about Winvest Group Ltd., industry, management beliefs, and assumptions made by management. Words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates," variations of such words and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict; therefore, actual results and outcomes may differ materially from what is expressed or forecasted in any such forward-looking statements. Although we believe the expectations reflected in our forward-looking statements are based upon reasonable assumptions, it is not possible to foresee or identify all factors that could have a material effect on the future financial performance of the Company. The forward-looking statements in this Annual Report on Form 10-K are made on the basis of management's assumptions and analyses, as of the time the statements are made, in light of their experience and perception of historical conditions, expected future developments and other factors believed to be appropriate under the circumstances. Except as otherwise required by the federal securities laws, we disclaim any obligation or undertaking to publicly release any updates or revisions to any forward-looking statement contained in this Annual Report on Form 10-K and the information incorporated by reference in this Annual Report on Form 10-K to reflect any change in our expectations with regard thereto or any change in events, conditions or circumstances on which any statement is based. ii PART I

BUSINESS

ITEM 1. BUSINESS Unless the context indicates otherwise, the "Company," "we," "our," "ours" or "us" refer to Winvest Group Ltd., a Nevada corporation, and its wholly owned subsidiaries, The Catalyst Group Entertainment ("TCG") and IQI Media, Inc ("IQI"). Overview Winvest Group Ltd, "the Company" (formerly known as Zyrox Mining International Inc. until December 2021) was incorporated in the State of Nevada on June 3, 2009. Winvest Group Ltd began formal operations on June 3, 2009, with the principal purpose of developing, marketing, and selling software products through the Internet, and to provide web-based services for individuals and small business. During 2010, this business was discontinued and management focused on developing a biodegradable plastic opportunity. The Company began trading as Riverdale Capital, Ltd. under the symbol "RICP" on June 3, 2009. Effective April 30, 2012, the Company changed its name to Diversified Energy & Fuel International, Inc and changed its name to Winvest Group Ltd on August 15, 2012. On November 8, 2010, the Company entered into an agreement to acquire 100% of the Membership Interests of WSVPA Bio Products Incorporated, a Nevada LLC in consideration for 102,238,200 shares of common stock. After completion of their due diligence, WSPVA formally closed on the transaction on May 12, 2012. The Company subsequently received 500,000,000 Class "A" membership units and 1,000,000 Class "B" membership units representing 100% of the membership interest of WSPVA (dissolvingplastic.com) in return for 102,238,200 common shares of the Company and WSPVA is now a wholly owned subsidiary of the Company. On August 17, 2010, the then Chief Executive Officer resigned and appointed Carl H. Kruse as sole Director and Chief Executive Officer. Carl H. Kruse became the majority shareholder at that time by virtue of a Stock Purchase Agreement with the majority shareholder, resulting in a change of control of the Issuer. The Company finalized the

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View this 10-K filing on SEC EDGAR