Safe Pro Group Inc

For the period ended Jun 30, 2024. Filed Sep 26, 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.

Jun 30, 2024 · Filed Sep 26, 2024

SPAI$3.28+6.1%Stored close · as of Nov 9, 2026

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Contents

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY

UNAUDITED CONSOLIDATED STATEMENTS OF CHANGES IN OF STOCKHOLDERS’ EQUITY

For the Six Months Ended June 30, 2024

Series A Preferred Stock · Series B Preferred Stock · Common Stock · Additional · Total
	# of Shares	Amount	# of Shares	Amount	# of Shares	Amount	Paid-in Capital	Accumulated Deficit	Shareholders’ Equity
Balance, December 31, 2023	3,000,000	$300	3,275,000	$328	8,734,770	$873	$8,597,147	$(6,822,290)	$1,776,358
Stock based compensation issued for stock awards	-	-	-	-	230,000	23	547,977	-	548,000
Relative fair value of warrants issued with convertible debt	-	-	-	-	-	-	76,802	-	76,802
Common shares and warrants units issued for cash	-	-	-	-	152,813	15	488,987	-	489,002
Net loss	-	-	-	-	-	-	-	(2,358,783)	(2,358,783)
Balance, June 30, 2024	3,000,000	$300	3,275,000	$328	9,117,583	$911	9,710,913	$(9,181,073)	$531,379

For the Six Months Ended June 30, 2023

Series A Preferred Stock · Series B Preferred Stock · Common Stock · Additional · Total
	# of Shares	Amount	# of Shares	Amount	# of Shares	Amount	Paid-in Capital	Accumulated Deficit	Shareholders’ Equity
Balance, December 31, 2022	3,000,000	$300	3,275,000	$328	7,514,379	$751	$3,087,037	$(507,641)	$2,580,775
Common shares issued for asset acquisition	-	-	-	-	281,250	28	545,597	-	545,625
Stock based compensation in relation to restricted stock awards	-	-	-	-	30,000	3	58,197	-	58,200
Common shares and warrants units issued for cash	-	-	-	-	122,813	13	392,987	-	393,000
Accretion of stock-based compensation and professional fees							55,000		55,000
Net loss	-	-	-	-	-	-	-	(1,214,474)	(1,214,474)
Balance, June 30, 2023	3,000,000	$300	3,275,000	$328	7,948,442	$795	4,138,818	$(1,722,115)	$2,418,126

See accompanying notes to unaudited consolidated financial statements

For the Three Months Ended June 30, 2024

Series A Preferred Stock · Series B Preferred Stock · Common Stock · Additional · Total
	# of Shares	Amount	# of Shares	Amount	# of Shares	Amount	Paid-in Capital	Accumulated Deficit	Shareholders’ Equity
Balance, March 31, 2024	3,000,000	$300	3,275,000	$328	8,784,770	$873	$8,771,944	$(7,966,150)	$807,300
Stock based compensation issued for stock awards	-	-	-	-	180,000	18	449,982	-	450,000
Common shares and warrant units issued for cash	-	-	-	-	152,813	15	488,987	-	489,002
Net loss	-	-	-	-	-	-	-	(1,214,923)	(1,214,923)
Balance, June 30, 2024	3,000,000	$300	3,275,000	$328	9,117,583	$911	9,710,913	$(9,181,073)	$531,379

For the Three Months Ended June 30, 2023

Series A Preferred Stock · Series B Preferred Stock · Common Stock · Additional · Total
	# of Shares	Amount	# of Shares	Amount	# of Shares	Amount	Paid-in Capital	Accumulated Deficit	Shareholders’ Equity
Balance, March 31, 2023	3,000,000	$300	3,275,000	$328	7,795,629	$779	$3,687,634	$(990,627)	$2,698,414
Stock based compensation in relation to restricted stock awards	-	-	-	-	30,000	3	58,197	-	58,200
Common shares and warrant units issued for cash	-	-	-	-	122,813	13	392,987	-	393,000
Net loss	-	-	-	-	-	-	-	(731,488)	(731,488)
Balance, June 30, 2023	3,000,000	$300	3,275,000	$328	7,948,442	$795	4,138,818	$(1,722,115)	$2,418,126

See accompanying notes to unaudited consolidated financial statements.

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.