Expion360 Inc. Files Q3 2024 10-Q

TL;DR

Expion360's Q3 2024 10-Q is in, showing financial details for common stock, capital, and retained earnings.

AI Summary

Expion360 Inc. filed its 10-Q for the period ending September 30, 2024. The company, incorporated in Nevada and headquartered in Redmond, Oregon, operates in the miscellaneous electrical machinery sector. Financial data points for various periods in 2023 and 2024, including common stock, additional paid-in capital, and retained earnings, are presented.

Why It Matters

This filing provides a snapshot of Expion360 Inc.'s financial health and operational status as of the third quarter of 2024, crucial for investors and stakeholders to assess performance.

Risk Assessment

Risk Level: low — The filing is a standard quarterly report and does not contain immediate red flags or significant negative developments.

Key Numbers

• 2024-09-30 — Reporting Period End Date (Indicates the end of the fiscal quarter for which financial information is reported.)
• 2024-11-14 — Filing Date (The date the 10-Q report was officially submitted to the SEC.)
• 2023-12-31 — Previous Fiscal Year End (Provides a comparative point for financial performance and position.)

Key Players & Entities

• Expion360 Inc. (company) — Filer of the 10-Q report.
• 0001894954 (company) — Central Index Key for Expion360 Inc.
• 20240930 (date) — End of the reporting period for the 10-Q.
• 20241114 (date) — Filing date of the 10-Q.
• NV (state) — State of incorporation for Expion360 Inc.
• OR (state) — State of business and mailing address for Expion360 Inc.
• 541 -797-6714 (phone_number) — Business phone number for Expion360 Inc.

FAQ

Key Financial Figures

• $0.001 — ch registered Common Stock, par value $0.001 per share XPON The Nasdaq Capital Mar
• $4 — ember 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
• $0 — line of credit and received proceeds of $0. During the nine months ended September
• $828,491 — line of credit and received proceeds of $828,491 compared to $0 in the same prior year p
• $15,028 — a short-term convertible note, totaling $15,028, and also made cash payments totaling $
• $19,331 — 8, and also made cash payments totaling $19,331 for monthly interest as well as $100,37
• $100,375 — $19,331 for monthly interest as well as $100,375 interest due at loan payoff. During the
• $90,839 — a short-term convertible note, totaling $90,839 and issued 79 shares of common stock fo
• $36,029 — ayment on accrued compensation totaling $36,029, compared to zero shares issued during

Filing Documents

• xpon_10q.htm (10-Q) — 943KB
• 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) — 7KB
• image_001.jpg (GRAPHIC) — 6KB
• 0001903596-24-000674.txt ( ) — 5174KB
• xpon-20240930.xsd (EX-101.SCH) — 42KB
• xpon-20240930_cal.xml (EX-101.CAL) — 49KB
• xpon-20240930_def.xml (EX-101.DEF) — 146KB
• xpon-20240930_lab.xml (EX-101.LAB) — 321KB
• xpon-20240930_pre.xml (EX-101.PRE) — 266KB
• xpon_10q_htm.xml (XML) — 770KB

SIGNATURES

SIGNATURES 47 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

forward-looking statements. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations, and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: We operate in an extremely competitive industry and are subject to pricing pressures. We have a history of losses and our audited financial statements include a statement that there is a substantial doubt about our ability to continue as a going concern. As our costs increase, we may not be able to generate sufficient revenue to achieve and sustain profitability. Our business and future growth depends on the needs and success of our customers, and we have substantial customer concentration. We may not be able to successfully execute on our anticipated growth strategies and manage the expansion of our business operations effectively. We may fail to expand our sales and distribution channels and increase market penetration into target markets. We are dependent on third-party manufacturers and suppliers, including suppliers located outside of the United States, and our operating results could be adversely affected by changes in the cost and availability of raw materials, as well as increases in costs, disruption of