share_log

10-K: Annual report

SEC announcement ·  Apr 16 16:16
Summary by Moomoo AI
Micromobility.com, a company specializing in intra-urban transportation solutions, has reported its financial performance and business developments for the year ended December 31, 2023. The company's financial statements reveal a net loss of $62,055 for the year, compared to a net loss of $82,074 in the previous year. Revenue for the year stood at $9,844, a decrease from the $15,538 reported in 2022. Operating expenses were $73,851, with the cost of revenues being the largest expense at $28,975. The company also recorded an impairment of goodwill and intangible assets amounting to $16,683. The loss from operations was $64,007, an improvement from the $73,499 loss in the previous year. Non-operating income netted a gain of $2,010, and income tax expenses were minimal at $58. The company's business development included entering into...Show More
Micromobility.com, a company specializing in intra-urban transportation solutions, has reported its financial performance and business developments for the year ended December 31, 2023. The company's financial statements reveal a net loss of $62,055 for the year, compared to a net loss of $82,074 in the previous year. Revenue for the year stood at $9,844, a decrease from the $15,538 reported in 2022. Operating expenses were $73,851, with the cost of revenues being the largest expense at $28,975. The company also recorded an impairment of goodwill and intangible assets amounting to $16,683. The loss from operations was $64,007, an improvement from the $73,499 loss in the previous year. Non-operating income netted a gain of $2,010, and income tax expenses were minimal at $58. The company's business development included entering into a Standby Equity Purchase Agreement with YA II PN, Ltd., allowing the sale of up to $50,000 of its Class A Common Stock over 24 months. Micromobility.com also engaged in various related party transactions, including the CEO's conversion of deferred salaries into shares and the purchase of Series B Preferred Stock. The company's future plans involve continued funding of operations through debt and equity financing, as it faces the need to raise additional funds to meet obligations and sustain operations. The financial statements have been prepared assuming the company will continue as a going concern, despite substantial doubt raised by significant losses and the need for additional funding.

This announcement is a separate document:

Doc 1

Doc 2

Doc 3

Doc 4

Doc 5

Doc 6

Doc 7

Doc 8

Doc 9

Doc 10

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more