Summary by Moomoo AI
Mobiquity Technologies, Inc. has filed a notification of late filing with the United States Securities and Exchange Commission for its Form 10-Q, which was due for the period ended March 31, 2024. The company has indicated that it requires additional time to complete the necessary disclosures and to furnish the XBRL Interactive Data File exhibits as required by regulation. Despite the delay, Mobiquity Technologies anticipates filing the report within the five-day extension period provided by Rule 12b-25(b). In the interim financial data provided, Mobiquity Technologies reported a significant increase in first quarter sales for 2024, amounting to $263,282, up from $132,224 in the same period of the previous year. Additionally, the company estimates a net loss of approximately $1,042,000 for the first quarter of 2024, which is an improvement over the net loss of $1,716,804 reported for the comparable period of the prior year. The notification was signed by Dean L. Julia, Chief Executive Officer, on May 15, 2024.