Sow Good Inc. Files 2024 10-K, Details Debt and Warrants
Ticker: SOWG · Form: 10-K · Filed: Mar 27, 2025 · CIK: 1490161
Sentiment: neutral
Topics: 10-K, debt, warrants, financials
TL;DR
Sow Good Inc. 2024 10-K out: lots of debt notes & warrants. Plan of Conversion mentioned.
AI Summary
Sow Good Inc. filed its 2024 10-K on March 27, 2025, reporting on its fiscal year ending December 31, 2024. The company, formerly Black Ridge Oil & Gas, Inc., is in the food and kindred products sector. Key financial instruments mentioned include notes payable and warrants, with specific references to "NotesPayable10", "NotesPayable20", and "WarrantsIssuedWithPromissoryNotes". The filing also references "The 2024 Plan" and "PlanOfConversion".
Why It Matters
This filing provides investors with a comprehensive overview of Sow Good Inc.'s financial health, debt obligations, and equity instruments for the 2024 fiscal year, crucial for understanding its operational status and future prospects.
Risk Assessment
Risk Level: medium — The filing details various notes payable and warrants, indicating potential financial leverage and dilution risks for shareholders.
Key Numbers
- 2024-12-31 — Fiscal Year End (The period covered by the 10-K filing.)
- 2025-03-27 — Filing Date (The date Sow Good Inc. submitted its 10-K to the SEC.)
Key Players & Entities
- Sow Good Inc. (company) — Filer of the 10-K
- Black Ridge Oil & Gas, Inc. (company) — Former name of Sow Good Inc.
- 2024-12-31 (date) — Fiscal year end
- 2025-03-27 (date) — Filing date
- NotesPayable10 (financial_instrument) — Specific debt instrument mentioned
- NotesPayable20 (financial_instrument) — Specific debt instrument mentioned
- WarrantsIssuedWithPromissoryNotes (financial_instrument) — Specific warrant instrument mentioned
- The 2024 Plan (plan) — Company plan referenced
- PlanOfConversion (plan) — Company plan referenced
FAQ
What is the primary business of Sow Good Inc.?
Sow Good Inc. is in the FOOD & KINDRED PRODUCTS sector, as indicated by its Standard Industrial Classification code [2000].
When did Sow Good Inc. change its name from Black Ridge Oil & Gas, Inc.?
The company formerly known as Black Ridge Oil & Gas, Inc. changed its name on 2012-04-03.
What are some of the specific financial instruments mentioned in the filing?
The filing mentions "NotesPayable10", "NotesPayable20", "WarrantsIssuedWithPromissoryNotes", and "WarrantsRelatedDebt".
What is the significance of "The 2024 Plan" and "PlanOfConversion"?
These are company-specific plans referenced in the filing, with "The 2024 Plan" noted as of 2024-12-31 and "PlanOfConversion" dated 2024-02-15.
Where is Sow Good Inc. headquartered?
Sow Good Inc.'s business and mailing address is 1440 N. UNION BOWER, IRVING, TX 75061.
Filing Details
This Form 10-K (Form 10-K) was filed with the SEC on March 27, 2025 regarding Sow Good Inc. (SOWG).