Yale Transaction Finders, Inc. Files Quarterly Report (10-Q) for Period Ended March 31, 2024

TL;DR

<b>Yale Transaction Finders, Inc. has filed its quarterly report (10-Q) for the period ending March 31, 2024.</b>

AI Summary

Yale Transaction Finders, Inc. (YTFD) filed a Quarterly Report (10-Q) with the SEC on May 14, 2024. Yale Transaction Finders, Inc. filed a Form 10-Q for the quarterly period ended March 31, 2024. The filing was made on May 14, 2024. The company's principal executive offices are located at The Chrysler Building, 405 Lexington Avenue, New York, New York 10174. The company was formerly known as Yacht Finders, Inc. and changed its name on December 16, 2004. The filing covers the period from January 1, 2024, to March 31, 2024.

Why It Matters

For investors and stakeholders tracking Yale Transaction Finders, Inc., this filing contains several important signals. This 10-Q filing provides an update on the company's financial performance and operational status for the first quarter of 2024. Investors and stakeholders can use this report to assess the company's current financial health and make informed decisions.

Risk Assessment

Risk Level: low — Yale Transaction Finders, Inc. shows low risk based on this filing. The filing is a standard quarterly report (10-Q) and does not contain immediate, significant financial disclosures or events that would indicate high risk.

Analyst Insight

Review the detailed financial statements and management's discussion and analysis within the 10-Q to understand Yale Transaction Finders, Inc.'s performance and outlook.

Key Numbers

• 2024-03-31 — Quarterly Period End Date (Reported period)
• 2024-05-14 — Filing Date (Date of submission)
• 10174 — ZIP Code (Principal executive offices)
• 619-232-1001 — Business Phone (Contact number)

Key Players & Entities

• Yale Transaction Finders, Inc. (company) — Registrant name
• March 31, 2024 (date) — Quarterly period ended
• May 14, 2024 (date) — Filing date
• The Chrysler Building, 405 Lexington Avenue, New York, New York 10174 (address) — Principal executive offices
• Yacht Finders, Inc. (company) — Former company name
• December 16, 2004 (date) — Date of name change
• 000-52528 (other) — Commission file number

FAQ

Industry Context

The filing is a standard quarterly report for a publicly traded company, providing financial and operational information.

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934, specifically Section 13 or 15(d), which mandates periodic reporting for public companies.

What Investors Should Do

1. Analyze the financial statements (balance sheet, income statement, cash flow) for the quarter ended March 31, 2024.
2. Review the Management's Discussion and Analysis (MD&A) section for insights into the company's performance and future outlook.
3. Check for any significant disclosures regarding operations, risks, or legal matters in the full 10-Q document.

Key Dates

• 2024-03-31: Quarterly Period End — End of the reporting period for the 10-Q filing.
• 2024-05-14: Filing Date — Date the 10-Q was officially submitted to the SEC.

Year-Over-Year Comparison

This is the first 10-Q filing for the fiscal year 2024, providing an update from the previous year's filings.

Key Financial Figures

• $8,762 — ) (0.00 ) We recorded a net loss of $8,762 for the three months ended March 31, 20
• $10,063 — 31, 2024 as compared with a net loss of $10,063 for the three months ended March 31, 20
• $429 — iquidity and Capital Resources We had $429 cash on hand at March 31, 2024 and had
• $1,323,630 — ption, we have accumulated a deficit of $1,323,630. As of March 31, 2024, we had $93,796 i
• $93,796 — 1,323,630. As of March 31, 2024, we had $93,796 in liabilities and a negative working c
• $93,367 — ities and a negative working capital of $93,367. We have no commitment for any capita
• $50,000 — ge Act of 1934, which should not exceed $50,000 in the fiscal year ending December 31,
• $56,358 — $10,063, a negative working capital of $56,358 and an accumulated deficit of $1,286,62
• $1,286,621 — f $56,358 and an accumulated deficit of $1,286,621. These factors, among others, raise sub

Filing Documents

• form10-q.htm (10-Q) — 253KB
• ex31-1.htm (EX-31.1) — 19KB
• ex31-2.htm (EX-31.2) — 19KB
• ex32-1.htm (EX-32.1) — 10KB
• 0001493152-24-019275.txt (&nbsp;) — 1394KB
• ytfd-20240331.xsd (EX-101.SCH) — 12KB
• ytfd-20240331_cal.xml (EX-101.CAL) — 17KB
• ytfd-20240331_def.xml (EX-101.DEF) — 38KB
• ytfd-20240331_lab.xml (EX-101.LAB) — 108KB
• ytfd-20240331_pre.xml (EX-101.PRE) — 80KB
• form10-q_htm.xml (XML) — 91KB

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION ITEM 1. INTERIM FINANCIAL STATEMENTS 3 ITEM 2. MANAGEMENT'S DISCUSSION OF OPERATIONS AND FINANCIAL CONDITION 9 ITEM 4.

CONTROLS AND PROCEDURES

CONTROLS AND PROCEDURES 11

- OTHER INFORMATION

PART II - OTHER INFORMATION ITEM 1.

LEGAL PROCEEDINGS

LEGAL PROCEEDINGS 12 ITEM 6. EXHIBITS 12

SIGNATURES

SIGNATURES 13 2 PART I – FINANCIAL INFORMATION ITEM 1. INTERIM FINANCIAL STATEMENTS YALE TRANSACTION FINDERS, INC. (formerly Yacht Finders, Inc.) Condensed Balance Sheets (Unaudited) March 31, 2024 December 31, 2023 ASSETS Cash $ 429 2,601 TOTAL ASSETS $ 429 $ 2,601 LIABILITIES & STOCKHOLDERS' DEFICIT Current liabilities Accrued liabilities $ 15,333 $ 9,650 Note payable – related party 73,000 73,000 Accrued interest– related party 5,463 4,556 Total current liabilities and total liabilities 93,796 87,206 Stockholders' deficit Preferred stock, par value $ 0.0001 , 20,000,000 shares authorized, no shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively - - Common stock, par value $ 0.0001 , 80,000,000 shares authorized, 5,199,000 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively 520 520 Additional paid-in capital 1,229,743 1,229,743 Accumulated deficit ( 1,323,630 ) ( 1,314,868 ) Total stockholders (deficit) ( 93,367 ) ( 84,605 ) TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 429 $ 2,601 See accompanying notes to condensed financial statements 3 YALE TRANSACTION FINDERS, INC. (Formerly Yacht Finders, Inc.) Condensed Three Months ended March 31 2024 2023 Revenues $ — $ — Operating Expenses General and administrative 7,855 9,447 Loss from operations ( 7,855 ) ( 9,447 ) Other expenses Interest expense-related party 907 616 Net loss before income taxes ( 8,762 ) ( 10,063 ) Provision for income taxes Net Loss $ ( 8,762 ) $ ( 10,063 ) Basic loss per share $ ( 0.00 ) $ ( 0.00 ) Weighted average number of common shares outstanding – basic 5,199,000 5,199,000 See accompanying notes to condensed financial statements 4 YALE TRANSACTION FINDERS, INC. (Formerly Yacht Finders Inc.) Condensed

View Full Filing

View this 10-Q filing on SEC EDGAR