MANGOCEUTICALS INC
For the period ended Sep 30, 2024. Filed Nov 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.
Sep 30, 2024 · Filed Nov 14, 2024
Contents
Cautionary Statement Regarding Forward-Looking Information
This Quarterly Report on Form 10-Q (this “Report”) contains forward-looking statements within the meaning of the federal securities laws, including the Private Securities Litigation Reform Act of 1995, regarding future events and the future results of Mangoceuticals, Inc. (the “Company”) that are based on current expectations, estimates, forecasts, and projections about the industry in which the Company operates and the beliefs and assumptions of the management of the Company. In some cases, you can identify forward-looking statements by the following words: “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “ongoing,” “plan,” “potential,” “predict,” “project,” “should,” or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements are not a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on information available at the time the statements are made and involve known and unknown risks, uncertainties and other factors that may cause our results, levels of activity, performance or achievements to be materially different from the information expressed or implied by the forward-looking statements in this Report. Factors that might cause or contribute to such differences include, but are not limited to, those discussed elsewhere in this Report, including under, or incorporated by reference into, “Risk Factors”, which factors include:
| ● | our ability to obtain additional funding, the terms of such funding, and dilution caused thereby; |
| ● | the effect of pandemics on our operations, sales, and the market for our products; |
| ● | our ability to build and maintain our brand; |
| ● | cybersecurity, information systems and fraud risks and problems with our websites; |
| ● | our ability to expand and grow our operations, and successfully market our products; |
| ● | changes in, and our compliance with, rules and regulations affecting our operations, sales, and/or our products; |
| ● | shipping, production or manufacturing delays; |
| ● | our ability to increase sales; |
| ● | regulations we are required to comply with in connection with our operations, manufacturing, labeling and shipping; |
| ● | competition from existing competitors or new competitors or products that may emerge; |
| ● | our dependency on third-parties to prescribe and compound our products; |
| ● | our ability to establish or maintain relations and/or relationships with third-parties; |
| ● | potential safety risks associated with our products, including the use of ingredients, combination of such ingredients and the dosages thereof; |
| ● | the effects of changing inflation and interest rates, economic downturns, including potential recessions, as well as macroeconomic, geopolitical, health and industry trends, pandemics, acts of war (including the ongoing Ukraine/Russian conflict and ongoing conflict in and around Israel) and other large-scale crises; |
| ● | our ability to protect intellectual property rights, claims that we have infringed on intellectual property rights, litigation and the outcome thereof; |
| ● | our ability to adequately support future growth; and |
| ● | other risk factors included under “1A. Risk Factors” below. |
You should read the matters described in “1A. Risk Factors” and the other cautionary statements made in this Report, as being applicable to all related forward-looking statements wherever they appear in this Report. We cannot assure you that the forward-looking statements in this Report will prove to be accurate and therefore prospective investors are encouraged not to place undue reliance on forward-looking statements. All forward-looking statements included herein speak only of the date of the filing of this Report. All subsequent written and oral forward-looking statements attributable to the Company, or persons acting on its behalf, are expressly qualified in their entirety by the cautionary statements above. Other than as required by law, we undertake no obligation to update or revise these forward-looking statements, even though our situation may change in the future.
Summary Risk Factors
Our business is subject to varying degrees of risk and uncertainty. Investors should consider the risks and uncertainties summarized below, as well as the risks and uncertainties discussed in Part II, Item 1A, “Risk Factors” of this Quarterly Report on Form 10-Q and Part I, Item 1A, “Risk Factors” of our Annual Report on Form 10-K for the year ended December 31, 2023, which was filed with the Securities and Exchange Commission on April 1, 2024 (the “2023 Annual Report”). Investors should also refer to the other information contained or incorporated by reference in this Quarterly Report on Form 10-Q, including our financial statements and related notes, and our other filings made from time to time with the Securities and Exchange Commission. Our business operations could also be affected by factors that we currently consider to be immaterial or that are unknown to us at the present time. If any of these risks occur, our business, financial condition, and results of operations could be materially and adversely affected, and the trading price of our common stock could decline or our common stock could become worthless:
Our business is subject to numerous risks and uncertainties, including those described below and elsewhere in this prospectus. These risks include, but are not limited to, the following:
| ● | Our need for additional funding, the availability and terms of such funding, and dilution caused thereby; |
| ● | The fact that we have a limited operating history, have produced only a limited amount of products and have generated only limited revenues to date; |
| ● | Our ability to execute our growth strategy and scale our operations and risks associated with such growth, and our ability to attract members and customers; |
| ● | The effect of pandemics and governmental responses thereto on our operations, those of our vendors, our customers and the economy in general; |
| ● | Risks associated with our products not being, and not expected to be, approved by the FDA and not having the benefit of the U.S. Food and Drug Administration (“FDA”)’s clinical trial protocol which seeks to prevent the possibility of serious patient injury and death; |
| ● | Risks that the FDA may determine that the compounding of our products does not fall within the exemption from the Federal Food, Drug and Cosmetic Act (“FFDCA Act”) provided by Section 503A thereof; |
| ● | Our significant reliance on related party transactions and risks associated with such related party relationships and agreements; |
| ● | The effect of data security breaches, malicious code and/or hackers; |
| ● | Competition and our ability to create a well-known brand name; |
| ● | Changes in consumer tastes and preferences; |
| ● | Material changes and/or terminations of our relationships with key parties; |
| ● | Significant product returns from customers, product liability, recalls and litigation associated with tainted products or products found to cause health issues; |
| ● | Our ability to innovate, expand our offerings and compete against competitors which may have greater resources; |
| ● | Our Chairman and Chief Executive Officer, Jacob D. Cohen, having significant voting control over the company which may deter some investors; |
| ● | Our ability to prevent credit card and payment fraud; |
| ● | Risks associated with inflation, and increases in interest rates and economic downturns, including potential recessions, as well as macroeconomic, geopolitical, health and industry trends, pandemics, acts of war (including the ongoing Ukraine/Russian conflict and Israel/Hamas conflict) and other large-scale crises; |
| ● | The risk of unauthorized access to confidential information; |
| ● | Our ability to protect our intellectual property and trade secrets, claims from third-parties that we have violated their intellectual property or trade secrets, lawsuits in connection therewith, and the outcome of lawsuits associated therewith; |
| ● | Our and our providers’ ability to comply with government regulations, changing regulations and laws, penalties associated with any non-compliance (inadvertent or otherwise), the effect of new laws or regulations, and our ability to comply with such new laws or regulations; |
| ● | Our reliance on our current management and the terms of their employment agreements with us; |
| ● | The outcome of future lawsuits, litigation, regulatory matters or claims; |
| ● | The rights and preferences of our outstanding preferred stock, including liquidation preferences in connection therewith and dilution caused by the conversion thereof; |
| ● | Dilution caused by the sale of securities and the conversion of outstanding preferred stock, convertible securities, and warrants; |
| ● | Certain terms and provisions of our governing documents which may prevent a change of control, and which provide for indemnification of officers and directors, limit the liability of officers or directors, and provide for the board of director’s ability to issue blank check preferred stock; and |
| ● | The volatile nature of the trading price of our common stock; dilution experienced by investors in the offering; and dilution which may be caused by future sales of securities. |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.