Next Technology Holding Inc
For the period ended Jun 30, 2024. Filed Aug 21, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 21, 2024
What changed in Management’s Discussion and Analysis?
Read the current filingPrevious report: 10-Q
Period ended 2024-03-31; filed 2024-05-20.
0001099910-24-000235
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsCurrent report: 10-Q
Period ended 2024-06-30; filed 2024-08-21.
0001213900-24-071422
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 36 previous paragraphs and 46 current paragraphs.
30 unchanged; 6 reworded; 6 added; 0 removed; 0 previous and 4 current paragraphs rearranged.
Tables are not compared: 1 previous and 2 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
Added paragraphs (6)
Current report
Results of Operations for the Six months period Ended June 30, 2024 and 2023
Current report
Revenue from Operations
Current report
General and Administrative Expenses
Current report
Other Income/(loss)
Current report
The other loss of $8,423,620 is mainly due to loss from digital assets during the period.
Reworded paragraphs (6)
Previous wording
The other income of $24,214,021 is mainly due to gain from digital assets during the period.
Current wording
The other income of $15,595,778 is mainly due to gain from digital assets during the period.
Previous wording
As a result of the factors described above, there was a net profit of $23,883,878 and net loss of $212,194 for the period ended March 31, 2024 and 2023, respectively. The increase in net profit is mainly due to gain from digital assets during the period.
Current wording
As a result of the factors described above, there was a net profit of $12,629,816 and net loss of $302,775 for the period ended June 30, 2024 and 2023, respectively. The increase in net profit is mainly due to gain from digital assets during the period.
Previous wording
For the three months period ended March 31, 2024 and 2023, general and administrative expenses were $330,143 and $212,194 respectively. The increase is mainly due to increase in BTC consulting fee during the period.
Current wording
For the three months period ended June 30, 2024 and 2023, general and administrative expenses were $345,000 and $166,294 respectively. The increase is mainly due to increase in BTC consulting fee during the period.
Previous wording
As of March 31, 2024, we had cash on hand of $668,388. There is no change in cash held during the period.
Current wording
As of June 30, 2024, we had cash on hand of $668,387. There is no change in cash held during the period.
Previous wording
As of March 31, 2024, our cash flow used in operating activities is $40,530 for the period ended March 31, 2024 as compared to the cash flow used in operating activities of $212,194 in prior period. The increase was mainly due to higher loss making were made in prior period.
Current wording
As of June 30, 2024, our cash flow used in operating activities is $529 for the period ended June 30, 2024 as compared to the cash flow used in operating activities of $648,252 in prior period. The decrease was mainly due to increase in deferred tax liabilities during the period.
Previous wording
Cash provided by our financing activities was $40,635 for the period ended March 31, 2024 as compared to cash provided by financing activities of $196,999. The decrease is mainly due to lesser in shareholders’ advance during the period as compare to the prior period.
Current wording
Cash provided by our financing activities was $634 for the period ended June 30, 2024 as compared to cash provided by financing activities of $318,000. The decrease is mainly due to lesser in shareholders’ advance during the period as compare to the prior period.
Rearranged current paragraphs (4)
Current report — wording carried from elsewhere
The following tables provide a comparison of a summary of our results of operations for the six months period ended June 30, 2024 and 2023.
Current report — wording carried from elsewhere
For the six-month period ended June 30, 2024 and 2023, total revenue were $nil respectively.
Current report — wording carried from elsewhere
For the six months period ended June 30, 2024 and 2023, general and administrative expenses were $675,143 and $302,775 respectively. The increase is mainly due to increase in BTC consulting fee during the period.
Current report — wording carried from elsewhere
As a result of the factors described above, there was a net loss of $6,916,679 and net loss of $166,294 for the period ended June 30, 2024 and 2023, respectively. The increase in net loss is mainly due to loss from digital assets during the period.