Expion360 Inc. Files Q2 2024 10-Q

TL;DR

Expion360's Q2 10-Q is in. Check financials for H1 2024 vs 2023.

AI Summary

Expion360 Inc. filed its 10-Q for the period ending June 30, 2024. The company, incorporated in Nevada and based in Redmond, Oregon, operates in the miscellaneous electrical machinery sector. The filing covers financial data for the second quarter and the first half of 2024, comparing it to the same periods in 2023.

Why It Matters

This filing provides investors with the latest financial performance and position of Expion360 Inc., crucial for understanding its operational health and future prospects.

Risk Assessment

Risk Level: medium — As a 10-Q filing, it contains detailed financial information that could reveal significant operational or financial risks for the company.

Key Numbers

• 2024 Q2 — Reporting Period (Covers the second quarter of 2024)
• 20240630 — Fiscal Period End (The end date for the financial reporting period)
• 2023-06-30 — Prior Year Period End (For comparison with the current year's Q2)

Key Players & Entities

• Expion360 Inc. (company) — Filer of the 10-Q
• 20240630 (date) — End of reporting period
• 20240814 (date) — Filing date
• NV (state) — State of incorporation
• OR (state) — State of business and mailing address
• 541 -797-6714 (phone_number) — Business phone number

FAQ

Key Financial Figures

• $0.001 — ch registered Common Stock, par value $0.001 per share XPON The Nasdaq Capital Mar
• $4 — June 30, 2024, the Company distributed $4 for the settlement of fractional shares
• $49,777 — s compared to receiving net proceeds of $49,777 from warrant exercises during the same
• $703,339 — line of credit and received proceeds of $703,339 compared to $0 in the same prior year p
• $0 — ceived proceeds of $703,339 compared to $0 in the same prior year period. During t
• $828,492 — line of credit and received proceeds of $828,492 compared to $0 in the same prior year p
• $34,561 — a short-term convertible note, totaling $34,561. During the six months ended June 30, 2
• $75,811 — a short-term convertible note, totaling $75,811 and issued 7,936 shares of common stock
• $36,029 — ayment on accrued compensation totaling $36,029, compared to zero shares issued during
• $250,000 — it Insurance Corporation ("FDIC") up to $250,000 per institution. At times, balances may
• $102,933 — , cash balances exceeded FDIC limits by $102,933 and investment accounts totaling $521,2
• $521,214 — 02,933 and investment accounts totaling $521,214 are invested in US Treasury related ult

Filing Documents

• xpon_10q.htm (10-Q) — 798KB
• ex31_1.htm (EX-31.1) — 15KB
• ex31_2.htm (EX-31.2) — 15KB
• ex32_1.htm (EX-32.1) — 7KB
• ex32_2.htm (EX-32.2) — 8KB
• img001_v1.jpg (GRAPHIC) — 13KB
• 0001903596-24-000505.txt ( ) — 4597KB
• xpon-20240630.xsd (EX-101.SCH) — 39KB
• xpon-20240630_cal.xml (EX-101.CAL) — 47KB
• xpon-20240630_def.xml (EX-101.DEF) — 121KB
• xpon-20240630_lab.xml (EX-101.LAB) — 295KB
• xpon-20240630_pre.xml (EX-101.PRE) — 235KB
• xpon_10q_htm.xml (XML) — 660KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION 1

FINANCIAL STATEMENTS

ITEM 1. FINANCIAL STATEMENTS 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 20

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 30

CONTROLS AND PROCEDURES

ITEM 4. CONTROLS AND PROCEDURES 30

OTHER INFORMATION

PART II. OTHER INFORMATION 30

LEGAL PROCEEDINGS

ITEM 1. LEGAL PROCEEDINGS 30

RISK FACTORS

ITEM 1A. RISK FACTORS 31

UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS 31

DEFAULTS UPON SENIOR SECURITIES

ITEM 3. DEFAULTS UPON SENIOR SECURITIES 31

MINE SAFETY DISCLOSURES

ITEM 4. MINE SAFETY DISCLOSURES 31

OTHER INFORMATION

ITEM 5. OTHER INFORMATION 31

EXHIBITS

ITEM 6. EXHIBITS 32

SIGNATURES

SIGNATURES 33 CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS AND INDUSTRY DATA This quarterly report on Form 10-Q (this "Quarterly Report") includes "forward-looking statements" within the meaning of 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"). All statements in this Quarterly Report, other than statements of historical fact, are "forward-looking statements" for purposes of these provisions, including, without limitation, any projections regarding the markets where we operate, any statements of the plans and objectives of our management for future operations, any statements concerning proposed new products or services, any statements regarding expected capital expenditures, any statements regarding future economic conditions or performance, and any statements of assumptions underlying any of the foregoing. All forward-looking statements included in this Quarterly Report are made as of the date hereof and are based on information available to us as of such date. We assume no obligation to update any forward-looking statement. In some cases, forward-looking statements can be identified by the use of terminology such as "may," "will," "expects," "plans," "should," "anticipates," "intends," "seeks," "believes," "estimates," "potential," "forecasts," "continue," or other forms of these words or similar words or expressions, or the negative thereof or other comparable terminology. Although we believe that the expectations reflected in the forward-looking statements contained herein are reasonable, there can be no assurance that such expectations or any of the forward-looking statements will prove to be correct. Actual results will likely differ, and could differ materially, from those projected or assumed in the forward-looking statements. Prospective investors are cautioned not to unduly rely on any such forward-looking statements. Forwar