Proficient Auto Logistics, Inc
For the period ended Dec 31, 2024. Filed Mar 31, 2025.
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FY2024 · Filed Mar 31, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 16. FORM 10-K SUMMARY
None.
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| PROFICIENT AUTO LOGISTICS, INC. | ||
| March 28, 2025 | By: | /s/ Richard O’Dell |
|---|---|---|
| Richard O’Dell | ||
| Chief Executive Officer | ||
| (Principal Executive Officer) | ||
| March 28, 2025 | By: | /s/ Brad Wright |
| Brad Wright | ||
| Chief Financial Officer and Secretary (Principal Financial and Accounting Officer) | ||
Pursuant to the requirements of the Securities Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities on March 28, 2025.
| Name | Position(s) |
|---|---|
| /s/ Richard O’Dell | |
| Richard O’Dell | Chief Executive Officer (Principal Executive Officer); Director |
| /s/ Brad Wright | |
| Brad Wright | Chief Financial Officer (Principal Financial and Accounting Officer) |
| /s/ Charles A. Alutto | |
| Charles A. Alutto | Director |
| /s/ Douglas L. Col | |
| Douglas L. Col | Director |
| /s/ Brenda R. Frank | |
| Brenda R. Frank | Director |
| /s/ James B. Gattoni | |
| James B. Gattoni | Director |
| /s/ Steve Lux | |
| Steve Lux | Director |
| /s/ John F. Schraudenbach | |
| John F. Schraudenbach | Director |
| /s/ John Skaidas | |
| John Skaidas | Director |
Proficient Auto Logistics, Inc.
Form 10-K
For the Fiscal Year Ended December 31, 2024
Item 8, and Item 15(a)
Index to Financial Statements and Schedule
| Report of Independent Registered Public Accounting Firm [PCAOB ID Number 248] | F-2 |
|---|---|
| CONSOLIDATED BALANCE SHEETS | F-3 |
| CONSOLIDATED STATEMENTS OF OPERATIONS | F-4 |
| CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (DEFICIT) | F-5 |
| CONSOLIDATED STATEMENTS OF CASH FLOWS | F-6 |
| NOTES TO CONSOLIDATED FINANCIAL STATEMENTS | F-7 |
| Note 1 — Nature of operations | F-7 |
| Note 2 — Summary of significant accounting policies | F-7 |
| Note 3 — Business combinations | F-16 |
| Note 4 — Prepaid expenses and other current assets | F-25 |
| Note 5 — Goodwill | F-25 |
| Note 6 — Intangible assets, net | F-25 |
| Note 7 — Property and equipment | F-26 |
| Note 8 — Accrued liabilities | F-26 |
| Note 9 — Income taxes | F-27 |
| Note 10 — Line of credit | F-28 |
| Note 11 — Long-term debt | F-29 |
| Note 12 — Leases | F-30 |
| Note 13 — Stockholders’ Equity (Deficit) and Preferred Stock | F-33 |
| Note 14 — Stock-based compensation | F-34 |
| Note 15 — Segment reporting | F-35 |
| Note 16 — Loss per share | F-40 |
| Note 17 — Related Party Transactions | F-41 |
| Note 18 — Commitments and contingencies | F-41 |
| Note 19 — Subsequent events | F-42 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.