Onar Holding Corp
For the period ended Dec 31, 2024. Filed Apr 15, 2025.
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FY2024 · Filed Apr 15, 2025
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Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
| December 31, | December 31, | |
|---|---|---|
| 2024 | 2023 | |
| ASSETS | ||
| Current assets: | ||
| Cash | $339,199 | $1,015 |
| Accounts receivable, net | 79,483 | 94,596 |
| Investments in equity securities | 371,151 | - |
| Investments in equity securities, related party | 118,048 | - |
| Prepaid expenses and other current assets | 59,398 | 30,216 |
| Total current assets | 967,279 | 125,827 |
| Other assets: | ||
| Property and equipment | 106,741 | 4,575 |
| Intangible Assets, customer relationships, net | 331,048 | 899,304 |
| Goodwill | 458,335 | - |
| Accounts receivable, related party, net | - | 19,000 |
| Employee loan receivable, net | 160,822 | 285,822 |
| Advance to affiliated entity | 400,700 | - |
| Right of use asset | 25,049 | 94,697 |
| Total other assets | 1,482,695 | 1,303,398 |
| Total assets | $2,449,974 | $1,429,225 |
| LIABILITIES AND EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $319,684 | $225,559 |
| Accrued expenses and other liabilities | 1,200,402 | 658,266 |
| Lines of credit | 219,775 | 224,954 |
| Deferred revenue | 155,504 | 23,504 |
| Contract liabilities | 169,748 | - |
| Accrued expenses and advances, related party | 228,079 | 170,616 |
| Lease liability | 25,337 | 94,697 |
| Notes payable | 2,121,719 | - |
| Notes payable, related party | 560,450 | 547,000 |
| Total current liabilities and total liabilities | 5,000,698 | 1,944,596 |
| Commitments and contingencies (Note 7) | ||
| Stockholders’ Equity (Deficit): | ||
| Preferred stock, 5,000,000 shares authorized, $0.001 par value, 0 issued and outstanding as of December 31, 2024 and 2023, respectively* | - | - |
| Preferred stock, Series A, 1,000 shares authorized, $0.001 par value, 1,000 and 1,000 issued and outstanding as of December 31, 2024 and 2023, respectively* | 1 | 1 |
| Preferred stock, Series B, 10,000 shares authorized, $0.001 par value, 3,125 and 3,545 issued and outstanding as of December 31, 2024 and 2023, respectively* | 3 | 4 |
| Preferred stock, Series C, 6,570 shares authorized, $0.001 par value, 6,570 and 6,570 issued and outstanding as of December 31, 2024 and 2023, respectively* | 7 | 7 |
| Preferred stock, Series D, 100 shares authorized, $0.001 par value, 0 and 100 issued and outstanding as of December 31, 2024 and 2023, respectively | - | - |
| Common stock, 450,000,000 shares authorized, $0.001 par value, 112,380,049 and 16,785,000 issued and outstanding as of December 31, 2024 and 2023, respectively* | 112,380 | 16,785 |
| Additional paid-in capital | 2,017,894 | 1,065,685 |
| Accumulated deficit | (4,681,009) | (1,597,853) |
| Total stockholders’ deficit | (2,550,724) | (515,371) |
| Total liabilities and stockholders’ deficit | $2,449,974 | $1,429,225 |
*Shares and per share data are presented on a retroactive basis to give effect to the reverse recapitalization.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.