CleanCore Solutions Files Q1 2024 10-Q
Ticker: ZONE · Form: 10-Q · Filed: Jun 10, 2024 · CIK: 1956741
Sentiment: neutral
Topics: 10-Q, quarterly-report, SEC-filing
TL;DR
CleanCore Solutions filed its 10-Q for Q1 2024. Check financials.
AI Summary
CleanCore Solutions, Inc. filed its quarterly report on Form 10-Q for the period ended March 31, 2024. The company, incorporated in Nevada and operating in the refrigeration and service industry machinery sector, is headquartered in Omaha, Nebraska. The filing details its financial performance and operational status for the quarter.
Why It Matters
This filing provides investors and stakeholders with an update on CleanCore Solutions' financial health and operational progress during the first quarter of 2024.
Risk Assessment
Risk Level: low — This is a standard quarterly filing and does not inherently indicate new risks.
Key Numbers
- 001-42033 — SEC File Number (Identifies the company's filings with the SEC.)
- March 31, 2024 — Reporting Period End (The end date for the financial information presented in the 10-Q.)
Key Players & Entities
- CleanCore Solutions, Inc. (company) — Registrant
- March 31, 2024 (date) — Quarterly period end date
- 001-42033 (other) — SEC File Number
- Nevada (location) — State of incorporation
- Omaha, NE (location) — Principal executive offices
FAQ
What is the primary business of CleanCore Solutions, Inc.?
CleanCore Solutions, Inc. operates in the Refrigeration & Service Industry Machinery sector, as indicated by its SIC code [3580].
When is the fiscal year end for CleanCore Solutions, Inc.?
The fiscal year end for CleanCore Solutions, Inc. is June 30.
What is the company's principal executive office address?
The company's principal executive offices are located at 5920 S 118th Circle, Omaha, NE 68137.
What is the telephone number for CleanCore Solutions, Inc.?
The registrant's telephone number, including area code, is (877) 860-3030.
What form is this document?
This document is a Form 10-Q, a quarterly report filed with the SEC.
Filing Stats: 4,638 words · 19 min read · ~15 pages · Grade level 16.5 · Accepted 2024-06-10 16:07:25
Key Financial Figures
- $0.0001 — tered Class B Common Stock, par value $0.0001 per share ZONE NYSE American LLC Indi
Filing Documents
- ea0207376-10q_cleancore.htm (10-Q) — 903KB
- ea020737601ex31-1_cleancore.htm (EX-31.1) — 11KB
- ea020737601ex31-2_cleancore.htm (EX-31.2) — 10KB
- ea020737601ex32-1_cleancore.htm (EX-32.1) — 4KB
- ea020737601ex32-2_cleancore.htm (EX-32.2) — 4KB
- 0001213900-24-051214.txt ( ) — 5125KB
- zone-20240331.xsd (EX-101.SCH) — 47KB
- zone-20240331_cal.xml (EX-101.CAL) — 34KB
- zone-20240331_def.xml (EX-101.DEF) — 254KB
- zone-20240331_lab.xml (EX-101.LAB) — 411KB
- zone-20240331_pre.xml (EX-101.PRE) — 253KB
- ea0207376-10q_cleancore_htm.xml (XML) — 492KB
Financial Statements
Financial Statements 1 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 20 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 28 Item 4.
Controls and Procedures
Controls and Procedures 28 PART II OTHER INFORMATION Item 1.
Legal Proceedings
Legal Proceedings 30 Item 1A.
Risk Factors
Risk Factors 30 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 30 Item 3. Defaults Upon Senior Securities 30 Item 4. Mine Safety Disclosures 30 Item 5. Other Information 30 Item 6. Exhibits 31 i PART I FINANCIAL INFORMATION
FINANCIAL STATEMENTS
ITEM 1. FINANCIAL STATEMENTS. CLEANCORE SOLUTIONS, INC. UNAUDITED CONDENSED FINANCIAL STATEMENTS Page Condensed Balance Sheets as of March 31, 2024 and June 30, 2023 (Successor) (Unaudited) 2 Condensed Statement of Operations for the Three Months Ended March 31, 2024 and 2023 (Successor), for the Nine Months Ended March 31, 2024 (Successor), for the Period from October 17, 2022 to March 31, 2023 (Successor) and for the Period from July 1, 2022 to October 16, 2022 (Predecessor) (Unaudited) 3 Condensed Statement of Stockholders' Equity for the Three Months Ended March 31, 2024 and 2023 (Successor), for the Nine Months Ended March 31, 2024 (Successor), for the Period from October 17, 2022 to March 31, 2023 (Successor) and for the Period from July 1, 2022 to October 16, 2022 (Predecessor) (Unaudited) 4 Condensed Statement of Cash Flows for the Nine Months Ended March 31, 2024, for the Period from October 17, 2022 to March 31, 2023 (Successor) and for the Period from July 1, 2022 to October 16, 2022 (Predecessor) (Unaudited) 5 Notes to Condensed Financial Statements (Unaudited) 6 1 CLEANCORE SOLUTIONS, INC. CONDENSED BALANCE SHEETS (UNAUDITED) March 31, 2024 June 30, 2023 Assets Current assets: Cash $ 56,082 $ 393,194 Accounts receivable, net 296,054 233,560 Inventory, net 775,685 672,116 Deferred offering costs 773,749 302,755 Prepaid expenses and other current assets 40,890 135,666 Total current assets 1,942,460 1,737,291 Property and equipment, net 2,946 1,197 Right of use assets 556,107 466,661 Intangibles 1,525,422 1,640,919 Goodwill 2,237,910 2,237,910 Other assets 9,440 9,440 Total assets $ 6,274,285 $ 6,093,418 Liabilities and Stockholders' Equity Current liabilities: Accounts payable and accrued expenses $ 1,601,224 $ 644,627 Lease liability - current 128,749 87,985 Note payable 3,225,000 2,994,750 Due to related parties 271,316 221,302 Total current