Altair International Corp. Files Q3 2025 10-Q

TL;DR

Altair Intl (ATAO) filed its Q3 2025 10-Q, check financials.

AI Summary

Altair International Corp. filed its 10-Q for the period ending December 31, 2024, reporting on its third fiscal quarter of 2025. The filing details financial performance and operational updates for the company, which is involved in surgical and medical instruments and apparatus.

Why It Matters

This filing provides investors and stakeholders with the latest financial health and operational status of Altair International Corp., crucial for understanding its performance in the medical device sector.

Risk Assessment

Risk Level: low — This is a standard quarterly financial filing with no immediate red flags or significant new risks highlighted.

Key Numbers

• 17,628,966 — Shares Outstanding (Reported for the period ending December 31, 2024.)

Key Players & Entities

• ALTAIR INTERNATIONAL CORP. (company) — Filer of the 10-Q
• 2024-12-31 (date) — End of the reporting period
• 2025-02-11 (date) — Filing date
• 3841 (other) — Standard Industrial Classification for Surgical & Medical Instruments & Apparatus
• Pittsburgh, PA (location) — Company's business and mailing address

FAQ

Key Financial Figures

• $0.001 — nge 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.
• $20,766 — December 31, 2024 and March 31, 2024 is $20,766 and $13,029, respectively. (1) On Dec
• $13,029 — 2024 and March 31, 2024 is $20,766 and $13,029, respectively. (1) On December 5, 202
• $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
• $4,000 — and 160,000 shares of common stock for $4,000 for April compensation. On May 16, 2024
• $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

Filing Documents

• atao0131form10q.htm (10-Q) — 469KB
• atao0131form10qexh31_1.htm (EX-31.1) — 10KB
• atao0131form10qexh32_1.htm (EX-32.1) — 4KB
• 0001554795-25-000032.txt ( ) — 2202KB
• atao-20241231.xsd (EX-101.SCH) — 19KB
• atao-20241231_cal.xml (EX-101.CAL) — 27KB
• atao-20241231_def.xml (EX-101.DEF) — 42KB
• atao-20241231_lab.xml (EX-101.LAB) — 137KB
• atao-20241231_pre.xml (EX-101.PRE) — 104KB
• atao0131form10q_htm.xml (XML) — 302KB

- 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 December 31, 2024 (Unaudited) and March 31, 2024 (Audited) F-1 Consolidated Statements of Operations for the Three and Nine Months ended December 31, 2024 and 2023 (Unaudited) F-2 Consolidated Statements of Stockholders' Deficit for the Three and Nine Months ended December 31, 2024 and 2023 (Unaudited) F-3 Consolidated Statements of Cash Flows for the Nine Months ended December 31, 2024 and 2023 (Unaudited) F-4 Notes to the Consolidated

Financial Statements (Unaudited)

Financial Statements (Unaudited) F-5 3 ALTAIR INTERNATIONAL CORP. CONSOLIDATED BALANCE SHEETS December 31, 2024 March 31, 2024 ASSETS (Unaudited) (Audited) Current Assets: Cash $ 76 $ 4,298 Prepaid — 6,500 Total Current Assets 76 10,798 Total Assets $ 76 $ 10,798 LIABILITIES AND STOCKHOLDERS' DEFICIT Current Liabilities: Accounts payable $ 4,000 $ — Loans payable 14,164 14,165 Interest payable 20,766 13,029 Convertible notes payable, net of debt discount of $0 and $5,210, respectively 141,444 166,234 Due to a related party 80,392 — Total Current Liabilities 260,766 193,428 Total Liabilities 260,766 193,428 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 ( 17,628,966 ) ( 17,515,410 ) Total Stockholders' Deficit ( 260,690 ) ( 182,630 ) Total Liabilities and Stockholders' Deficit $ 76 $ 10,798 The accompanying notes are an integral part of these unaudited consolidated financial statements. F-1 ALTAIR INTERNATIONAL CORP. CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) For The Three Months Ended December 31, For The Nine Months Ended December 31, 2024 2023 2024 2023 Operating Expenses: Compensation - related party $ 12,000 $ 12,000 $ 36,000 $ 36,000 Director fees — 7,500 2,500 22,500 General and administrative 16,177 15,427 60,612 69,793 Total operating expenses 28,177 34,927 99,112 128,293 Loss from operations ( 28,177 ) ( 34,927 ) ( 99,112 ) ( 128,293 ) Other Income (Expense): Interest expense ( 2,888 ) ( 36,251 ) ( 14,444 ) ( 109,784 ) Gain on conversion of deb

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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View this 10-Q filing on SEC EDGAR