Yale Transaction Finders, Inc. Files 10-Q

TL;DR

Yale Transaction Finders filed its Q2 10-Q. All good.

AI Summary

Yale Transaction Finders, Inc. filed its 10-Q for the period ending June 30, 2024. The company, formerly known as Yacht Finders, Inc. until December 16, 2004, is incorporated in Delaware and operates in the Real Estate & Construction sector. Its principal business address is in San Diego, California.

Why It Matters

This filing provides investors with an update on the company's financial performance and operational status for the second quarter of 2024.

Risk Assessment

Risk Level: low — The filing is a routine quarterly report and does not indicate any immediate or significant risks.

Key Numbers

• 20240630 — Reporting Period End Date (Indicates the end of the fiscal quarter covered by the report.)
• 20240814 — Filing Date (The date the 10-Q was officially submitted to the SEC.)

Key Players & Entities

• Yale Transaction Finders, Inc. (company) — Filer of the 10-Q
• Yacht Finders, Inc. (company) — Former name of Yale Transaction Finders, Inc.
• 20240630 (date) — End of the reporting period
• 20240814 (date) — Filing date
• San Diego, CA (location) — Business and mailing address

FAQ

Key Financial Figures

• $22,825 — .00 $ 0.00 We recorded a net loss of $22,825 for the six months ended June 30, 2024
• $18,648 — 30, 2024 as compared with a net loss of $18,648 for the six months ended June 30, 2023.
• $5,380 — iquidity and Capital Resources We had $5,380 cash on hand at June 30, 2024 and had n
• $1,337,693 — ption, we have accumulated a deficit of $1,337,693. As of June 30, 2024, we had $112,810 i
• $112,810 — $1,337,693. As of June 30, 2024, we had $112,810 in liabilities and a negative working c
• $107,430 — ities and a negative working capital of $107,430. 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,
• $64,943 — $18,648, a negative working capital of $64,943 and an accumulated deficit of $1,295,20
• $1,295,206 — f $64,943 and an accumulated deficit of $1,295,206. These factors, among others, raise sub

Filing Documents

• form10-q.htm (10-Q) — 298KB
• ex31-1.htm (EX-31.1) — 19KB
• ex31-2.htm (EX-31.2) — 19KB
• ex32-1.htm (EX-32.1) — 9KB
• 0001493152-24-032136.txt ( ) — 1452KB
• ytfd-20240630.xsd (EX-101.SCH) — 11KB
• ytfd-20240630_cal.xml (EX-101.CAL) — 17KB
• ytfd-20240630_def.xml (EX-101.DEF) — 34KB
• ytfd-20240630_lab.xml (EX-101.LAB) — 106KB
• ytfd-20240630_pre.xml (EX-101.PRE) — 78KB
• form10-q_htm.xml (XML) — 105KB

- 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) June 30, 2024 December 31, 2023 ASSETS Cash $ 5,380 2,601 TOTAL ASSETS $ 5,380 $ 2,601 LIABILITIES & STOCKHOLDERS' DEFICIT Current liabilities Accrued liabilities $ 2,650 $ 9,650 Note payable – related party 103,500 73,000 Accrued interest– related party 6,660 4,556 Total current liabilities and total liabilities 112,810 87,206 Stockholders' deficit Preferred stock, par value $ 0.0001 , 20,000,000 shares authorized, no shares issued and outstanding at June 30, 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 June 30, 2024 and December 31, 2023, respectively 520 520 Additional paid-in capital 1,229,743 1,229,743 Accumulated deficit ( 1,337,693 ) ( 1,314,868 ) Total stockholders (deficit) ( 107,430 ) ( 84,605 ) TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 5,380 $ 2,601 See accompanying notes to condensed financial statements 3 YALE TRANSACTION FINDERS, INC. (Formerly Yacht Finders, Inc.) Condensed 2024 2023 2024 2023 Three Months ended Six Months ended June 30 June 30 2024 2023 2024 2023 Revenues $ — $ — $ - $ - Operating Expenses General and administrative 12,866 7,858 20,721 17,305 Loss from operations ( 12,866 ) ( 7,858 ) ( 20,721 ) ( 17,305 ) Other expenses Interest expense-related party 1,197 726 2,104 1,343 Net loss before income taxes ( 14,063 ) ( 8,584 ) ( 22,825 ) ( 18,648 ) Provision for income taxes Net Loss $ ( 14,063 ) $ ( 8,584 ) $ ( 22,825 ) $ ( 18,648 ) Basic loss per share $ ( 0.00 ) $ ( 0.00 ) $ ( 0.00 ) $ ( 0.00 ) Weighted average number of common shares outstanding – basic 5,199,000

View Full Filing

View this 10-Q filing on SEC EDGAR