Altair International Corp. Files 10-Q for Q2 2024

TL;DR

Altair Intl Corp filed their Q2 2024 10-Q. Financials incoming.

AI Summary

Altair International Corp. filed its 10-Q for the period ending September 30, 2024. The filing covers the second quarter of fiscal year 2024. Key financial data points and reporting dates are included, but specific financial performance figures like revenue or net income are not detailed in this header information.

Why It Matters

This filing provides the official financial update for Altair International Corp., crucial for investors to assess the company's performance and financial health during the second quarter of its fiscal year.

Risk Assessment

Risk Level: low — This is a standard quarterly filing (10-Q) and does not contain immediate, high-impact news.

Key Numbers

• 20240930 — Reporting Period End Date (Indicates the end of the fiscal quarter covered by the report.)
• 20241114 — Filing Date (The date the 10-Q was officially submitted to the SEC.)
• Q2 2024 — Fiscal Quarter (Specifies the quarter of the fiscal year being reported.)

Key Players & Entities

• ALTAIR INTERNATIONAL CORP. (company) — Filer
• 0001570937 (company) — Central Index Key
• 3841 (company) — Standard Industrial Classification (Surgical & Medical Instruments & Apparatus)
• NV (company) — State of Incorporation
• PITTSBURGH (company) — Business Address City
• PA (company) — Business Address State
• 15212 (company) — Business Address Zip Code
• 412-770-3140 (company) — Business Phone Number

FAQ

Key Financial Figures

• $0.001 — ge on which registered Common stock , $0.001 par value ATAO OTCQB Indicate by
• $0 — notes payable, net of debt discount of $0 and $5,210, respectively 141,444 166,
• $5,210 — payable, net of debt discount of $0 and $5,210, respectively 141,444 166,234 Due t
• $8,000,000 — revenue on all payments in excess of US $8,000,000 of production on an annualized basis.
• $0.02 — agreed to change the conversion rate to $0.02. (2) Converts at $0.015 per share.
• $0.015 — rsion rate to $0.02. (2) Converts at $0.015 per share. (3) Converts at $0.04 per
• $0.04 — at $0.015 per share. (3) Converts at $0.04 per share. (4) Converts at $0.03 per
• $0.03 — at $0.04 per share. (4) Converts at $0.03 per share. NOTE 5 – LOAN PAYABLE A
• $75,000 — ich we agreed to make total payments of $75,000 to AMLM in exchange for a 10% undivided
• $30,000 — as been fully satisfied by the Company ($30,000 paid 12/8/2020 and $45,000 paid 1/5/202
• $45,000 — the Company ($30,000 paid 12/8/2020 and $45,000 paid 1/5/2021), resulting in Altair own
• $1,300,648 — an additional 50% by a total payment of $1,300,648 for exploration and development costs a
• $100,648 — ation and development costs as follows: $100,648 within year one for an additional 10/%,
• $600,000 — within year one for an additional 10/%, $600,000 in year two for an additional 20% and $

Filing Documents

• atao1114form10q.htm (10-Q) — 447KB
• atao1114form10qexh31_1.htm (EX-31.1) — 9KB
• atao1114form10qexh32_1.htm (EX-32.1) — 4KB
• 0001554795-24-000284.txt ( ) — 2177KB
• atao-20240930.xsd (EX-101.SCH) — 19KB
• atao-20240930_cal.xml (EX-101.CAL) — 27KB
• atao-20240930_def.xml (EX-101.DEF) — 45KB
• atao-20240930_lab.xml (EX-101.LAB) — 136KB
• atao-20240930_pre.xml (EX-101.PRE) — 105KB
• atao1114form10q_htm.xml (XML) — 296KB

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION Item 1. Unaudited Financial Statements 3 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 13 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 15 Item 4.

Controls and Procedures

Controls and Procedures 15

- OTHER INFORMATION

PART II - OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 17 Item 1A.

Risk Factors

Risk Factors 17 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 17 Item 3. Defaults Upon Senior Securities 17 Item 4. Mine Safety Disclosures 17 Item 5. Other Information 17 Item 6. Exhibits 17

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION

UNAUDITED FINANCIAL STATEMENTS

ITEM 1. UNAUDITED FINANCIAL STATEMENTS ALTAIR INTERNATIONAL CORP. INDEX TO FINANCIAL STATEMENTS Consolidated Balance Sheets as of September 30, 2024 (Unaudited) and March 31, 2024 (Audited) F-1 Consolidated Statements of Operations for the Three and Six Months ended September 30, 2024 and 2023 (Unaudited) F-2 Consolidated Statements of Stockholders' Deficit for the Three and Six Months ended September 30, 2024 and 2023 (Unaudited) F-3 Consolidated Statements of Cash Flows for the Six Months ended September 30, 2024 and 2023 (Unaudited) F-4 Notes to the Consolidated Financial Statements (Unaudited) F-5 3 ALTAIR INTERNATIONAL CORP. CONSOLIDATED BALANCE SHEETS September 30, 2024 March 31, 2024 ASSETS (Unaudited) (Audited) Current Assets: Cash $ 461 $ 4,298 Prepaid — 6,500 Total Current Assets 461 10,798 Total Assets $ 461 $ 10,798 LIABILITIES AND STOCKHOLDERS' DEFICIT Current Liabilities: Accounts payable $ 4,000 $ — Loans payable 14,165 14,165 Interest payable 17,877 13,029 Convertible notes payable, net of debt discount of $0 and $5,210, respectively 141,444 166,234 Due to a related party 52,600 — Total Current Liabilities 230,086 193,428 Total Liabilities 230,086 193,428 Commitments and contingencies — — Stockholders' Deficit: Preferred Stock, $ 0.001 par value, 10,000,000 shares authorized, no shares issued — — Common Stock, $ 0.001 par value, 5,000,000,000 shares authorized; 32,803,527 and 30,238,686 shares issued and outstanding, respectively 32,804 30,239 Common stock to be issued — 58,938 Additional paid in capital 17,335,472 17,243,603 Accumulated deficit ( 17,597,901 ) ( 17,515,410 ) Total Stockholders' Deficit ( 229,625 ) ( 182,630 ) Total Liabilities and Stockholders' Deficit $ 461 $ 10,798 The accompanying notes are an integral part of these unaudited consolidated financial statements. F-1 ALTAIR INTERNATIONAL CORP. CONSOLIDATED STA

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION OR PLAN OF OPERATION

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION OR PLAN OF OPERATION

FORWARD-LOOKING STATEMENTS

FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q contains forward-looking 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). These forward-looking statements are not historical facts but rather are based on current expectations, estimates and projections. We may use words such as "anticipate," "expect," "intend," "plan," "believe," "foresee," "estimate" and variations of these words and similar expressions to identify forward-looking statements. These statements are not guarantees of future performance and are actual results to differ materially from those expressed or forecasted. You should read this report completely and with the understanding that actual future results may be materially different from what we expect. The forward-looking statements included in this report are made as of the date of this report and should be evaluated with consideration of any changes occurring after the date of this Report. We will not update forward-looking statements even though our situation may change in the future and we assume no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. Our Business Altair International Corp. ("Altair") is a development stage company that was incorporated in Nevada on December 20, 2012. The Company is currently in very preliminary discussions with a number of acquisition targets, each of which we believe would deliver significant value to our shareholders. The Company is currently engaged in identifying and assessing new business opportunities. Earn-In Agreement On November 23, 2020, the Company entered into an Earn-In Agreement with American Lithium Minerals, Inc. ("AMLM") un

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