Winvest Group Ltd. Files Q1 2024 10-Q

TL;DR

Winvest Group Ltd. 10-Q filed for Q1 2024. Financials updated.

AI Summary

Winvest Group Ltd. filed a 10-Q for the period ending March 31, 2024. The company, formerly known as ZYROX MINING INTERNATIONAL INC, is based in Reno, Nevada, and operates in the motion picture and video tape production industry. The filing includes financial data for the first quarter of 2024 and comparative periods.

Why It Matters

This filing provides investors with an update on Winvest Group Ltd.'s financial performance and operational status for the first quarter of 2024.

Risk Assessment

Risk Level: low — This is a standard quarterly filing with no immediate red flags or significant new disclosures.

Key Players & Entities

• Winvest Group Ltd (company) — Filer of the 10-Q
• ZYROX MINING INTERNATIONAL INC (company) — Former company name
• 20240331 (date) — End of reporting period
• 20240715 (date) — Filing date
• Reno, Nevada (location) — Company's business address

FAQ

Filing Documents

• wnlv-20240331.htm (10-Q) — 1789KB
• wg002_ex31-1.htm (EX-31.1) — 24KB
• wg002_ex31-2.htm (EX-31.2) — 23KB
• wg002_ex32-1.htm (EX-32.1) — 17KB
• wg002_ex32-2.htm (EX-32.2) — 17KB
• 0001575872-24-000773.txt ( ) — 5190KB
• wnlv-20240331.xsd (EX-101.SCH) — 32KB
• wnlv-20240331_cal.xml (EX-101.CAL) — 25KB
• wnlv-20240331_def.xml (EX-101.DEF) — 99KB
• wnlv-20240331_lab.xml (EX-101.LAB) — 213KB
• wnlv-20240331_pre.xml (EX-101.PRE) — 195KB
• wnlv-20240331_htm.xml (XML) — 698KB

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION

– Unaudited Condensed Consolidated Financial Statements

Item 1. – Unaudited Condensed Consolidated Financial Statements 1 Condensed Consolidated Balance Sheets, March 31, 2024 (unaudited) and March 31, 2023 1 Condensed Consolidated Statements of Operations (unaudited) 2 Condensed Consolidated Statements of Stockholders' Deficit (unaudited) 3 Condensed Consolidated Statements of Cash Flows (unaudited) 4 Notes to Condensed Consolidated Financial Statements (unaudited) 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 15

– Quantitative and Qualitative Disclosures about Market Risk

Item 3. – Quantitative and Qualitative Disclosures about Market Risk 16

– Controls and Procedures

Item 4. – Controls and Procedures 17

– OTHER INFORMATION

PART II – OTHER INFORMATION

– Risk Factors

Item 1A. – Risk Factors 18

– Defaults Upon Senior Securities

Item 3. – Defaults Upon Senior Securities 18

– Exhibits

Item 6. – Exhibits 19

SIGNATURES

SIGNATURES 20 i P ART 1 – FINANCIAL INFORMATION I tem 1. Unaudited Condensed Financial Statements WINVEST GROUP LTD. C ONDENSED CONSOLIDATED BALANCE SHEETS March 31, December 31, 2024 2023 (Unaudited) ASSETS Cash $ 164,589 $ 45,070 Accounts receivable 9,200 4,100 Accounts receivable other - 15,710 Prepaid expenses 98,917 61,230 Total current assets 272,706 126,110 Investments 9,925 800 Security deposit 1,094 1,094 Total Assets $ 283,725 $ 128,004 LIABILITIES & STOCKHOLDERS' DEFICIT Current liabilities Accounts payable 65,591 76,451 Accrued liabilities 49,793 54,317 Project advances 100,000 100,000 Project advances- related party 150,000 150,000 Loan payable - 18,670 Notes payable-related parties 620,888 631,157 Total current liabilities 986,272 1,030,595 Total liabilities 986,272 1,030,595 Commitments and Contingencies - - STOCKHOLDERS' DEFICIT Preferred stock Series A, $ 0.001 par value 300,000,000 , shares authorized, 215,688,680 and 227,838,680 shares issued and outstanding as of March 31, 2024, and December 31, 2023, respectively 215,689 227,839 Common stock, Par Value $ 0.001 , 4,500,000,000 shares authorized, 635,159,075 and 18,326,075 issued and outstanding as of March 31, 2024, and December 31, 2023 635,159 18,326 Additional paid in capital 103,175,814 103,571,797 Accumulated Deficit ( 104,729,209 ) ( 104,720,553 ) Total Stockholders' (Deficit) ( 702,547 ) ( 902,591 ) Total Liabilities and Stockholders' (Deficit) $ 283,725 $ 128,004 The accompanying notes are an integral part of these condensed consolidated financial statements. 1 WINVEST GROUP LTD. C ONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) Three months ended March 31, 2024 Three months ended March 31, 2023 Revenue $ 64,840 $ 110,209 Cost of revenue 36,920 68,479 Gross margin 27,920 41,730 Operating expenses: Administrative

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View this 10-Q filing on SEC EDGAR