Healthcare Integrated Technologies Inc. Files 10-Q for Period Ending January 31, 2024

Ticker: SSGC · Form: 10-Q · Filed: Mar 18, 2024 · CIK: 1584693

Sentiment: neutral

Topics: 10-Q, Healthcare Integrated Technologies, Financial Report, Quarterly Filing, SSGC

TL;DR

<b>Healthcare Integrated Technologies Inc. (SSGC) filed its Q2 10-Q report, detailing financial data and corporate history.</b>

AI Summary

Healthcare Integrated Technologies Inc. (SSGC) filed a Quarterly Report (10-Q) with the SEC on March 18, 2024. The company filed a 10-Q report for the period ending January 31, 2024. The filing covers the second quarter of the fiscal year. The company was formerly known as GRASSHOPPER STAFFING, INC. and Tomichi Creek Outfitters. The company's fiscal year ends on July 31. The filing includes data related to common stock, additional paid-in capital, and retained earnings for various periods.

Why It Matters

For investors and stakeholders tracking Healthcare Integrated Technologies Inc., this filing contains several important signals. This 10-Q filing provides investors with an update on the company's financial performance and position as of January 31, 2024. Understanding the company's historical name changes and fiscal year end is crucial for tracking its evolution and financial reporting consistency.

Risk Assessment

Risk Level: low — Healthcare Integrated Technologies Inc. shows low risk based on this filing. The filing is a standard 10-Q, which is a routine quarterly report and does not contain significant new risks or disclosures beyond typical financial reporting.

Analyst Insight

Review the detailed financial statements and any new disclosures within the 10-Q to assess the company's current financial health and operational status.

Key Numbers

Key Players & Entities

FAQ

When did Healthcare Integrated Technologies Inc. file this 10-Q?

Healthcare Integrated Technologies Inc. filed this Quarterly Report (10-Q) with the SEC on March 18, 2024.

What is a 10-Q filing?

A 10-Q is a quarterly financial report with unaudited financials, management discussion, and interim business updates. This particular 10-Q was filed by Healthcare Integrated Technologies Inc. (SSGC).

Where can I read the original 10-Q filing from Healthcare Integrated Technologies Inc.?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by Healthcare Integrated Technologies Inc..

What are the key takeaways from Healthcare Integrated Technologies Inc.'s 10-Q?

Healthcare Integrated Technologies Inc. filed this 10-Q on March 18, 2024. Key takeaways: The company filed a 10-Q report for the period ending January 31, 2024.. The filing covers the second quarter of the fiscal year.. The company was formerly known as GRASSHOPPER STAFFING, INC. and Tomichi Creek Outfitters..

Is Healthcare Integrated Technologies Inc. a risky investment based on this filing?

Based on this 10-Q, Healthcare Integrated Technologies Inc. presents a relatively low-risk profile. The filing is a standard 10-Q, which is a routine quarterly report and does not contain significant new risks or disclosures beyond typical financial reporting.

What should investors do after reading Healthcare Integrated Technologies Inc.'s 10-Q?

Review the detailed financial statements and any new disclosures within the 10-Q to assess the company's current financial health and operational status. The overall sentiment from this filing is neutral.

Risk Factors

Key Dates

Glossary

10-Q
A quarterly report required by the U.S. Securities and Exchange Commission (SEC). (Provides investors with a timely update on the company's financial condition between annual reports.)
Fiscal Year End
The last day of a company's accounting year. (Important for understanding the timing of financial reporting cycles.)

Filing Stats: 4,428 words · 18 min read · ~15 pages · Grade level 15.9 · Accepted 2024-03-18 12:02:40

Key Financial Figures

Filing Documents

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION F-1

Financial Statements (Unaudited)

Item 1. Financial Statements (Unaudited). F-1

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. 4

Quantitative and Qualitative Disclosures about Market Risk

Item 3. Quantitative and Qualitative Disclosures about Market Risk. 13

Controls and Procedures

Item 4. Controls and Procedures. 14

– OTHER INFORMATION

PART II – OTHER INFORMATION 14

Legal Proceedings

Item 1. Legal Proceedings. 14

Risk Factors

Item 1A. Risk Factors. 14

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds. 14

Defaults Upon Senior Securities

Item 3. Defaults Upon Senior Securities. 15

Mine Safety Disclosures

Item 4. Mine Safety Disclosures. 15

Other Information

Item 5. Other Information. 15

Exhibits

Item 6. Exhibits. 15

SIGNATURES

SIGNATURES 16 2 Unless the context clearly indicates otherwise, when used in this report "we," "us," "our," "Healthcare Integrated Technologies," "Company," or "our Company" refers to Healthcare Integrated Technologies, Inc. and, if applicable, our subsidiaries. CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q (this "Report") contains "forward-looking statements" within the meaning of the Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Forward-looking statements discuss matters that are not historical facts. Because they discuss future events or conditions, forward-looking statements may include words such as "anticipate," "believe," "estimate," "intend," "could," "should," "would," "may," "seek," "plan," "might," "will," "expect," "predict," "project," "forecast," "potential," "continue," negatives thereof or similar expressions. These forward-looking statements are found at various places throughout this Report and include information concerning: possible or assumed future results of our operations; business strategies; future cash flows; financing plans; plans and objectives of management; any other statements regarding future operations, future cash needs, business plans and future financial results; and any other statements that are not historical facts. From time to time, forward-looking statements also are included in our other periodic reports on Form 8-K, in our press releases, in our presentations, on our website and in other materials released to the public. Any or all the forward-looking statements included in this Report and in any other reports or public statements made by us are not guarantees of future performance and may turn out to be inaccurate. These forward-looking

Business

Business Combinations We account for business combinations under the acquisition method of accounting. The acquisition method requires that the acquired assets and liabilities, including contingencies, be recorded at fair value determined on the acquisition date and that changes thereafter be reflected in income (loss). The estimation of fair values of the assets and liabilities assumed involves several estimates and assumptions that could differ materially from the actual amounts recorded. The results of the acquired businesses are included in our results from operations beginning from the day of acquisition. Risk and Uncertainties Factors that could affect our future operating results and cause actual results to vary materially from management's expectation include, but are not limited to: our ability to maintain and secure adequate capital to fund our operations and fully develop our product(s); our ability to source strong opportunities with sufficient risk adjusted returns; acceptance of the terms and conditions of our licenses and/or the acceptance of our royalties and fees; the nature and extent of competition from other companies that may reduce market share and create pressure on pricing and investment return expectations; changes in the projects in which we plan to invest which result from factors beyond our control, including, but not limited to, a change in circumstances, capacity and economic impacts; changes in laws, regulations, accounting, taxation, and other requirements affecting our operations and business. Negative developments in these or other risk factors could have a significant adverse effect on our financial position, results of operations and cash flows. Use of Estimates The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of t

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