RDE Inc
For the period ended Dec 31, 2023. Filed Apr 9, 2024.
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FY2023 · Filed Apr 9, 2024
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Consolidated Statements of Stockholders’ Deficiency
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (DEFICIENCY)
Period December 30, 2023 to December 31, 2023 (Successor)
| Common Stock · Common Stock Issuable · Additional Paid-In · Accumulated · Total Stockholders’ | |||||||
|---|---|---|---|---|---|---|---|
| Shares | Amount | Shares | Amount | Capital | Deficit | Equity(Deficiency) | |
| Balance, December 29, 2023 (Successor) | 16,761,960 | $16,756 | 383,343 | $383,343 | $63,951,602 | $(64,442,507) | $(90,806) |
| Effects of the merger | 6,108,007 | 6,108 | - | - | 24,425,892 | - | 24,432,000 |
| Balance, December 30, 2023 | 22,869,967 | 22,864 | 383,343 | 383,343 | 88,377,494 | (64,442,507) | 24,341,194 |
| Fair value of common stock issued for employment agreements | 1,250,000 | 1,250 | - | - | 4,998,750 | 5,000,000 | |
| Net loss | - | - | - | - | - | (5,020,000) | (5,020,000) |
| Balance, December 31, 2023 ( Successor) | 24,119,967 | $24,114 | 383,343 | $383,343 | $93,376,244 | $(69,462,507) | $24,321,194 |
Period from January 1, 2023 to December 29, 2023 (Predecessor)
| Common Stock · Additional Paid-In · Accumulated · Total Stockholders’ | |||||
|---|---|---|---|---|---|
| Shares | Amount | Capital | Deficit | Deficiency | |
| Balance, December 31, 2022 (Predecessor) | 29,035,625 | $2,900 | $4,934,052 | $(30,335,139) | $(25,398,187) |
| Stock based compensation | 1,942 | 1,942 | |||
| Purchase of employee stock options | (36,916) | (36,916) | |||
| Capital contribution – retirement of Series B | 4,084,353 | 4,084,353 | |||
| Capital contribution | 22,997,712 | 22,997,712 | |||
| Net loss | - | - | - | (124,545) | (124,545) |
| Balance, December 29, 2023 (Predecessor) | 29,035,625 | $2,900 | $31,981,143 | $(30,459,684) | $1,524,359 |
Year Ended December 31, 2022 (Predescssor)
| Common Stock · Additional Paid-In · Accumulated · Total Stockholders’ | |||||
|---|---|---|---|---|---|
| Shares | Amount | Capital | Deficit | Deficiency | |
| Balance, December 31, 2021 (Predecessor) | 29,035,625 | $2,900 | $4,916,788 | $(22,010,560) | $(17,090,872) |
| Stock based compensation | 17,264 | 17,264 | |||
| Net loss | - | - | - | (8,324,579) | (8,324,579) |
| Balance, December 31, 2022 (Predecessor) | 29,035,625 | $2,900 | $4,934,052 | $(30,335,139) | $(25,398,187) |
The accompanying notes are an integral part of these 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.