Winvest Group Ltd. Files Q2 2024 10-Q

TL;DR

Winvest Group Ltd. Q2 10-Q filed. Shows stock activity. Check financials.

AI Summary

Winvest Group Ltd. reported its Q2 2024 results for the period ending June 30, 2024. The company's financial statements indicate significant changes in its capital structure, with preferred stock and common stock issuances noted. Specific financial figures like total assets and liabilities are not explicitly detailed in this excerpt, but the filing pertains to their ongoing operations and financial reporting.

Why It Matters

This filing provides insight into Winvest Group Ltd.'s financial health and operational status for the second quarter of 2024, which is crucial for investors assessing the company's performance and future prospects.

Risk Assessment

Risk Level: medium — The filing is a standard quarterly report, but the lack of specific financial performance metrics in the provided excerpt necessitates a medium risk assessment.

Key Numbers

• 300,000,000 — Total Assets (estimated) (Implied from context, likely a placeholder or estimate)
• 4,500,000,000 — Total Liabilities (estimated) (Implied from context, likely a placeholder or estimate)
• 85,159,075 — Common Stock Issued (estimated) (Implied from context, likely a placeholder or estimate)
• 18,326,075 — Preferred Stock Issued (estimated) (Implied from context, likely a placeholder or estimate)

Key Players & Entities

• Winvest Group Ltd. (company) — Filer of the 10-Q report
• 0001477932-24-005146 (other) — Accession Number for the filing
• 20240630 (date) — Conformed period of report (Q2 2024)
• 20240820 (date) — Filed as of date
• 50 WEST LIBERTY STREET, SUITE 880, RENO, NV 89501 (address) — Company business and mailing address
• ZYROX MINING INTERNATIONAL INC (company) — Former company name

FAQ

Filing Documents

• wnlv_10q.htm (10-Q) — 540KB
• wnlv_ex311.htm (EX-31.1) — 8KB
• wnlv_ex312.htm (EX-31.2) — 8KB
• wnlv_ex321.htm (EX-32.1) — 4KB
• wnlv_ex322.htm (EX-32.2) — 4KB
• 0001477932-24-005146.txt ( ) — 3116KB
• wnlv-20240630.xsd (EX-101.SCH) — 37KB
• wnlv-20240630_lab.xml (EX-101.LAB) — 225KB
• wnlv-20240630_cal.xml (EX-101.CAL) — 37KB
• wnlv-20240630_pre.xml (EX-101.PRE) — 190KB
• wnlv-20240630_def.xml (EX-101.DEF) — 107KB
• wnlv_10q_htm.xml (XML) — 307KB

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION Item 1. – Unaudited Condensed Consolidated Financial Statements 1 Condensed Consolidated Balance Sheets, June 30, 2024 (unaudited) and December 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 Item 2. –

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

Management's Discussion and Analysis of Financial Condition And Results of Operations 16 Item 3. –

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 17 Item 4. –

Controls and Procedures

Controls and Procedures 18

– OTHER INFORMATION

PART II – OTHER INFORMATION Item 1A. –

Risk Factors

Risk Factors 19 Item 3. – Defaults Upon Senior Securities 19 Item 6. – Exhibits 20

SIGNATURES

SIGNATURES 21 i Table of Contents PART 1 – FINANCIAL INFORMATION

Unaudited Condensed Financial Statements

Item 1. Unaudited Condensed Financial Statements WINVEST GROUP LTD. CONDENSED CONSOLIDATED BALANCE SHEETS June 30, December 31, 2024 2023 (Unaudited) ASSETS Cash $ 38,129 $ 45,070 Accounts receivable 19,200 4,100 Accounts receivable other 3,477 15,710 Prepaid expenses 117,183 61,230 Total current assets 177,989 126,110 Investments 9,826 800 Security deposit 1,094 1,094 Total Assets $ 188,909 $ 128,004 LIABILITIES & STOCKHOLDERS' DEFICIT Current liabilities Accounts payable 2,328 76,451 Accrued liabilities 58,935 54,317 Project advances 100,000 100,000 Project advances- related party 150,000 150,000 Loan payable - 18,670 Notes payable-related parties 633,933 631,157 Total current liabilities 945,196 1,030,595 Total liabilities 945,196 1,030,595 Commitments and Contingencies - - STOCKHOLDERS' DEFICIT Preferred stock Series A, $ 0.001 par value 300,000,000 , shares authorized, 226,688,680 and 227,838,680 shares issued and outstanding as of June 30, 2024, and December 31, 2023, respectively 226,689 227,839 Common stock, Par Value $ 0.001 , 4,500,000,000 shares authorized, 85,159,075 and 18,326,075 issued and outstanding as of June 30, 2024, and December 31, 2023 85,159 18,326 Additional paid in capital 103,714,814 103,571,797 Accumulated Deficit ( 104,782,949 ) ( 104,720,553 ) Total Stockholders' (Deficit) ( 756,287 ) ( 902,591 ) Total Liabilities and Stockholders' (Deficit) $ 188,909 $ 128,004 The accompanying notes are an integral part of these condensed consolidated financial statements. 1 Table of Contents WINVEST GROUP LTD. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) Three months ended June 30, 2024 Three months ended June 30, 2023 Six months ended June 30, 2024 Six months ended June 30, 2023 Revenue $ 12,500 $ 54,769 $ 77,340 $ 164,978 Cost of sales ( 5,840 ) ( 39,828 )

View Full Filing

View this 10-Q filing on SEC EDGAR