Reliant Holdings Inc

For the period ended Mar 31, 2024. Filed May 20, 2024.

About 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.

Mar 31, 2024 · Filed May 20, 2024

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Contents

Consolidated Statements of Cash Flows

	For the Three Months Ended
2024 · 2023
Operating Activities
Net income		$125,301		$29,969
Adjustments to reconcile net income to net
cash provided by (used in) operating activities:
Stock-based compensation		-		36,000
Depreciation		7,269		3,895
Changes in operating assets and liabilities:
Contract assets		-		23,105
House and real estate inventory		(10,796)		(46,200)
Prepaid and other current assets		-		6,048
Right-of-use asset		6,715		6,297
Contract liabilities		(204,013)		(108,781)
Accounts payable and accrued liabilities		14,740		51,338
Payments on right-of-use liability		(6,783)		-
Net cash provided by (used in) operating activities		(67,567)		1,671
Financing Activities
Proceeds from construction loan		-		29,508
Payments on note payable		(3,854)		(4,405)
Payments on right-of-use liability		-		(6,230)
Net cash provided by (used in) financing activities		(3,854)		18,873
Net change in cash		(71,421)		20,544
Cash - beginning of period		309,377		282,621
Cash - end of period		$237,956		$303,165
Supplemental Disclosures
Interest paid		$8,057		$657
Income taxes paid	$	-	$	-
Non-cash Disclosures
Purchase of equipment with note payable			$	-
Establishment of right-of-use asset		$52,150	$	-

Reliant Holdings, Inc. and Subsidiaries

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.