Next Technology Holding Inc
For the period ended Jun 30, 2024. Filed Aug 21, 2024.
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Jun 30, 2024 · Filed Aug 21, 2024
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q
☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended:June 30,2024
☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from ____________ to _____________
NEXT TECHNOLOGY HOLDINGS INC
(Exact name of small business issuer as specified in its charter)
| Wyoming | |
|---|---|
| (State or other jurisdiction of incorporation or organization) | (I.R.S. Tax. I.D. No.) |
Room 519, 05/F Block T3
Qianhai Premier Finance Centre Unit 2
**Guiwan Area, Nanshan District, Shenzhen **
(Address of Principal Executive Offices)
(86) 158 2117 2322
(Registrant’s Telephone Number, Including Area Code)
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See definition of “large accelerated filer,” accelerated filer” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act:
| Large accelerated filer | ☐ | Accelerated filer | ☐ |
|---|---|---|---|
| Non-accelerated Filer | ☐ | Smaller Reporting Company | ☒ |
| Emerging growth company | ☐ | ||
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No☒
As of August 21, 2024, there were 6,976,410 shares of common stock outstanding.
TABLE OF CONTENTS
| Cautionary Note Regarding Forward-Looking Statements | ii | |
|---|---|---|
| PART I - Financial Information | 1 | |
| Item 1. | Financial Statements | 1 |
| Unaudited Condensed Consolidated Balance Sheets as of December 31, 2023 and June 30, 2024 | 1 | |
| Unaudited Condensed Consolidated Statements of Operations for the Six Months Ended June 30, 2023 and June 30, 2024 | 2 | |
| Unaudited Condensed Consolidated Statement of Changes in Stockholders’ Equity for the Six Months Ended June 30, 2023 and June 30, 2024 | 3 | |
| Unaudited Condensed Consolidated Statements of Cash Flows for the Six Months ended June 30, 2023 and June 30, 2024 | 4 | |
| Notes to Unaudited Consolidated Financial Statements as of June 30, 2024 | 5 | |
| Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations | 14 |
| Item 3. | Quantitative and Qualitative Disclosures about Market Risk | 17 |
| Item 4. | Controls and Procedures | 17 |
| PART II – Other Information | 18 | |
| Item 1. | Legal Proceedings | 18 |
| Item 1A. | Risk Factors | 19 |
| Item 2. | Unregistered Sales of Equity Securities And Use Of Proceeds | 19 |
| Item 3. | Defaults Upon Senior Securities | 19 |
| Item 4. | Mine Safety Disclosures | 19 |
| Item 5. | Other information | 19 |
| Item 6. | Exhibits | 20 |
| Signatures | 21 | |
i
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