Business Warrior Corp. Q2 2024 10-Q: Assets Surge, Debt Issued
Sentiment: neutral
Topics: 10-Q, debt-issuance, financial-reporting
TL;DR
BWCR Q2 10-Q: Assets $465.6M, Liabilities $15.5K. Issued new notes in Jan/Feb '24.
AI Summary
Business Warrior Corp. filed a 10-Q for the period ending February 29, 2024. The company reported total assets of $465,618,093 and total liabilities of $15,500. Key financial events include the issuance of Senior Secured Promissory Notes on January 30, 2024, and Unsecured Convertible Promissory Notes on February 29, 2024. The filing also notes subsequent events related to unsecured promissory notes.
Why It Matters
This filing provides insight into Business Warrior Corp.'s financial health and recent debt financing activities, which could impact its future growth and operational capacity.
Risk Assessment
Risk Level: medium — The company has significant assets but also issued new debt, indicating potential financial maneuvering that warrants closer examination.
Key Numbers
- $465.6B — Total Assets (As of February 29, 2024)
- $15.5K — Total Liabilities (As of February 29, 2024)
Key Players & Entities
- Business Warrior Corp. (company) — Filer of the 10-Q
- February 29, 2024 (date) — End of the reporting period
- $465,618,093 (dollar_amount) — Total assets reported
- $15,500 (dollar_amount) — Total liabilities reported
- January 30, 2024 (date) — Date of Senior Secured Promissory Notes issuance
- February 29, 2024 (date) — Date of Unsecured Convertible Promissory Notes issuance
FAQ
What is the primary business of Business Warrior Corp.?
The filing indicates Business Warrior Corp. is in the 'SERVICES-PREPACKAGED SOFTWARE' industry (SIC code 7372).
What were the company's total assets and liabilities for the period ending February 29, 2024?
Total assets were $465,618,093 and total liabilities were $15,500.
When were the Senior Secured Promissory Notes issued?
The Senior Secured Promissory Notes were issued on January 30, 2024.
When were the Unsecured Convertible Promissory Notes issued during this period?
Unsecured Convertible Promissory Notes were issued on February 29, 2024.
Are there any significant subsequent events mentioned in the filing?
Yes, the filing mentions subsequent events related to unsecured promissory notes, with specific dates like September 2, 2024, and September 10, 2024.
Filing Stats: 4,508 words · 18 min read · ~15 pages · Grade level 18.3 · Accepted 2024-12-23 12:45:15
Filing Documents
- bzwr_10q.htm (10-Q) — 1079KB
- bzwr_ex311.htm (EX-31.1) — 10KB
- bzwr_ex321.htm (EX-32.1) — 4KB
- 0001477932-24-008271.txt ( ) — 5610KB
- bzwr-20240229.xsd (EX-101.SCH) — 66KB
- bzwr-20240229_lab.xml (EX-101.LAB) — 323KB
- bzwr-20240229_cal.xml (EX-101.CAL) — 59KB
- bzwr-20240229_pre.xml (EX-101.PRE) — 276KB
- bzwr-20240229_def.xml (EX-101.DEF) — 144KB
- bzwr_10q_htm.xml (XML) — 880KB
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) 1. ORGANIZATION AND NATURE OF OPERATIONS Organization — Business Warrior Corporation (the Company" or "Business Warrior") was originally incorporated under the name Kading Companies, S.A., under the International Business Companies Ordinance of the Territory of the British Virgin Islands on October 10, 1995. Kading Companies was traded on the Pink Sheets of the OTC Markets under the stock ticker KDNG. On January 27, 2020, Kading Companies was redomiciled in Wyoming. Bluume, LLC was founded in 2014 and was a sales and marketing organization that provided small businesses with basic advertising, merchant services, white label Point of Sale systems, and a white label business analytics software. On January 31, 2020, Bluume, LLC completed a triangular reverse merger with Kading Companies (formerly KDNG) and changed its name to Business Warrior. It is currently an active corporation in the state of Wyoming. The previous Bluume team took over all operations of the Company and formed a new business plan, which replaced all former plans of the previous management team at Kading Companies. In July 2020, the Company changed its stock ticker to BZWR. On March 18, 2022, the Company acquired Helix House, LLC, a premium marketing agency that provides small business advertising services including digital marketing. Additionally, on June 18, 2022, the Company acquired FluidFi Inc., dba Alchemy Technology, a lending technology company that builds fully customized lending end-to-ending lending solutions. Nature of Operations — Business Warrior has three divisions of the company: Helix House, LLC, Alchemy Technologies, and Business Warrior. Helix House is a premium marketing agency that provides small business advertising services including digital marketing (YouTube, Google, social media), traditional marketing (billboards, mailers, fliers, etc.), and social media content. Alchemy builds and manages lending software tec