Reliant Holdings Inc
For the period ended Jun 30, 2024. Filed Aug 14, 2024.
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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 14, 2024
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Consolidated Statements of Cash Flows
| Consolidated Statements of Cash Flows | |||
|---|---|---|---|
| (Unaudited) | |||
| For the Six Months Ended | |||
| 2024 · 2023 | |||
| Operating Activities | |||
| Net income (loss) | $13,605 | $(29,930) | |
| Adjustments to reconcile net income to net | |||
| cash provided by (used in) operating activities: | |||
| Stock-based compensation | - | 36,000 | |
| Depreciation | 14,538 | 7,790 | |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | 500 | (3,000) | |
| Contract assets | - | 28,890 | |
| House and real estate inventory | 446,427 | (93,127) | |
| Prepaid and other current assets | - | 12,096 | |
| Right-of-use asset | 13,092 | 12,695 | |
| Contract liabilities | (167,045) | (251,423) | |
| Accounts payable and accrued liabilities | (11,243) | (3,754) | |
| Accrued liabilities - related parties | 14,638 | 5,500 | |
| Payments on right-of-use liability | (13,065) | - | |
| Net cash provided by (used in) operating activities | 311,447 | (278,263) | |
| Financing Activities | |||
| Proceeds (repayment) from construction loan | (220,309) | 29,508 | |
| Payments on note payable | (5,848) | (6,834) | |
| Payments on right-of-use liability | - | (12,696) | |
| Net cash provided by (used in) financing activities | (226,157) | 9,978 | |
| Net change in cash | 85,290 | (268,285) | |
| Cash - beginning of period | 309,377 | 282,621 | |
| Cash - end of period | $394,667 | $14,336 | |
| Supplemental Disclosures | |||
| Interest paid | $11,192 | $3,722 | |
| Income taxes paid | $2,000 | $ | - |
| Non-cash Disclosures | |||
| Establishment of right-of-use asset | $44,486 | $ | - |
| The accompanying notes are an integral part of these unaudited consolidated financial statements. | |||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.