Safe Pro Group Inc
For the period ended Sep 30, 2024. Filed Nov 14, 2024.
View on SEC.govAbout 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.
Sep 30, 2024 · Filed Nov 14, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN OF STOCKHOLDERS’ EQUITY
For the Nine Months Ended September 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 | ||
| Issuance of common shares for stock-based compensation | - | - | - | - | 480,000 | 48 | 2,199,952 | - | 2,200,000 | ||
| Issuance of common shares for services | - | - | - | - | 230,000 | 23 | 747,977 | - | 748,000 | ||
| Issuance of common shares and warrants for cash | - | - | - | - | 152,813 | 16 | 488,987 | - | 489,003 | ||
| Issuance of common shares for preferred Series A | (3,000,000) | (300) | - | - | 1,500,000 | 150 | 150 | - | |||
| Issuance of common shares for preferred Series B | (3,275,000) | (327) | - | - | 1,310,000 | 131 | 197 | - | |||
| Issuance of common shares for cash | - | - | - | - | 1,020,000 | 102 | 4,179,398 | 4,179,500 | |||
| Relative fair value of warrants issued with convertible debt | - | - | - | - | 76,802 | 76,802 | |||||
| Issuance common shares from conversion of debt | 252,666 | 25 | 808,507 | - | 808,532 | ||||||
| Net loss | - | - | - | - | - | - | - | (6,044,239) | (6,044,239) | ||
| Balance, September 30, 2024 | - | $ | - | - | $ | - | 13,680,249 | $1,368 | 17,099,117 | $(12,866,529) | $4,233,956 |
For the Nine Months Ended September 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 | - | - | - | - | 309,141 | 31 | 989,218 | - | 989,249 |
| Accretion of stock-based compensation and professional fees | - | - | - | - | - | - | 55,000 | - | 55,000 |
| Net loss | - | - | - | - | - | - | - | (1,894,258) | (1,894,258) |
| Balance, September 30, 2023 | 3,000,000 | $300 | 3,275,000 | $328 | 8,134,770 | $813 | 4,735,049 | $(2,401,899) | $2,334,591 |
See accompanying notes to unaudited condensed consolidated financial statements
For the Three Months Ended September 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, June 30, 2024 | 3,000,000 | $300 | 3,275,000 | $328 | 9,117,583 | $912 | $9,710,913 | $(9,181,074) | $531,380 | ||
| Issuance of common shares for stock-based compensation | - | - | - | - | 400,000 | 40 | 1,999,960 | - | 2,000,000 | ||
| Issuance of common shares for services | 80,000 | 8 | 399,992 | 400,000 | |||||||
| Issuance of common shares and warrants for cash | - | - | - | - | - | - | - | - | - | ||
| Issuance of common shares for preferred Series A | (3,000,000) | (300) | - | - | 1,500,000 | 150 | 150 | - | - | ||
| Issuance of common shares for preferred Series B | - | - | (3,275,000) | (328) | 1,310,000 | 131 | 197 | - | - | ||
| Issuance of common shares for cash | - | - | - | - | 1,020,000 | 102 | 4,179,398 | - | 4,179,500 | ||
| Issuance common shares from conversion of debt | 252,666 | 25 | 808,507 | 808,532 | |||||||
| Net loss | - | - | - | - | - | - | - | (3,685,456) | (3,685,456) | ||
| Balance, September 30, 2024 | - | $ | - | - | $ | - | 13,680,249 | $1,368 | 17,099,117 | $(12,866,529) | $4,233,956 |
For the Three Months Ended September 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, June 30, 2023 | 3,000,000 | $300 | 3,275,000 | $328 | 7,948,442 | $795 | $4,138,818 | $(1,722,115) | $2,418,126 |
| Common shares and warrant units issued for cash | - | - | - | - | 186,328 | 18 | 596,231 | - | 596,249 |
| Net loss | - | - | - | - | - | - | - | (679,874) | (679,784) |
| Balance, September 30, 2023 | 3,000,000 | $300 | 3,275,000 | $328 | 8,134,770 | $813 | 4,735,049 | $(2,401,899) | $2,334,591 |
See accompanying notes to unaudited condensed 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.