Luduson G Inc
For the period ended Jun 30, 2024. Filed Aug 12, 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.
Jun 30, 2024 · Filed Aug 12, 2024
What changed in Management’s Discussion and Analysis?
Read the current filingPrevious report: 10-Q
Period ended 2024-03-31; filed 2024-05-09.
0001683168-24-003162
Item 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONSCurrent report: 10-Q
Period ended 2024-06-30; filed 2024-08-12.
0001683168-24-005440
Item 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONSThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 32 previous paragraphs and 32 current paragraphs.
20 unchanged; 12 reworded; 0 added; 0 removed; 0 previous and 0 current paragraphs rearranged.
Tables are not compared: 0 previous and 0 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
Reworded paragraphs (12)
Previous wording
We recorded revenues of $1,500,000 (three months ended March 31, 2023: nil) and incurred no cost of goods sold in the unaudited pro-forma financial statements for the three months ended March 31, 2024 (“1Q2024”) (three months ended March 31, 2023 (“1Q2023”): nil). We recorded gross profit of $1,500,000 in 1Q2024 (no gross profit or loss in 1Q2023).
Current wording
We recorded revenues of $12,500,000 (three months ended June 30, 2023: nil) and incurred no cost of goods sold in the unaudited pro-forma financial statements for the three months ended June 30, 2024 (“2Q2024”) (three months ended June 30, 2023 (“2Q2023”): nil). We recorded gross profit of $12,500,000 in 2Q2024 (no gross profit or loss in 2Q2023).
Previous wording
We recorded operating expenses of $4,943 in 1Q2024 (1Q2023: nil) which comprised of general and administrative expenses.
Current wording
We recorded operating expenses of $7,400 in 2Q2024 (2Q2023: $3,325) which comprised of general and administrative expenses.
Previous wording
There was a net income of $1,463,422 in 1Q2024 (1Q2023: nil).
Current wording
There was a net income of $12,477,904 in 2Q2024 (2Q2023: net loss of $3,325).
Previous wording
Our total assets as of March 31, 2024 were $11,061,781 (December 31, 2023: $7,091,416).
Current wording
Our total assets as of June 30, 2024 were $23,572,085 (December 31, 2023: $7,091,416).
Previous wording
Our total liabilities as of March 31, 2024 were $1,252,253 (December 31, 2023: $1,245,310).
Current wording
Our total liabilities as of June 30, 2024 were $1,254,153 (December 31, 2023: $1,245,310).
Previous wording
As of March 31, 2024 the Company had authorized 1,000,000,000 shares of common stock with a par value of $0.0001 per share. 508,466,410 shares were issued and outstanding (December 31, 2023: 503,466,410 common shares issued and outstanding), and 2,500,000 warrants to acquire common shares were issued and exercisable (December 31, 2023: 2,500,000 warrants).
Current wording
As of June 30, 2024 the Company had authorized 1,000,000,000 shares of common stock with a par value of $0.0001 per share. 563,466,410 shares were issued and outstanding (December 31, 2023: 503,466,410 common shares issued and outstanding), and 2,500,000 warrants to acquire common shares were issued and exercisable (December 31, 2023: 2,500,000 warrants).
Previous wording
We reported an accumulated deficit of $12,879,083 as of March 31, 2024 (December 31, 2023: $14,342,505). We had cash and cash equivalent of $145,367 as of March 31, 2024 (December 31, 2023: $175,002).
Current wording
We reported an accumulated loss of $,179 as of June 30, 2024 (December 31, 2023: $14,342,505). We had cash and cash equivalent of $155,671 as of June 30, 2024 (December 31, 2023: $175,002).
Previous wording
Gross Profit. There was gross profit of $1,500,000 as reported in 1Q2024 (1Q2023: nil).
Current wording
Gross Profit. There was gross profit of $12,500,000 as reported in 2Q2024 (2Q2023: nil).
Previous wording
General and Administrative Expenses (“G&A”). We incurred G&A expenses of $4,943 in 1Q2024 (1Q2023: nil).
Current wording
General and Administrative Expenses (“G&A”). We incurred G&A expenses of $7,400 in 2Q2024 (2Q2023: $3,325).
Previous wording
Net Income. We recorded a net income of $1,463,422 in 1Q2024 (1Q2023: nil).
Current wording
Net Income. We recorded a net income of $12,502,904 in 2Q2024 (2Q2023: net loss of $3,325).
Previous wording
As of March 31, 2024, the Company has assets of $11,061,781 (December 31, 2023: $7,091,416).
Current wording
As of June 30, 2024, the Company has assets of $23,572,085 (December 31, 2023: $7,091,416).
Previous wording
In 1Q2024, the Company used net cash of $29,635 from operating activities, financing and investing activities (1Q2023: nil).
Current wording
In the six months ended June 30, 2024, the Company used net cash of $19,331 from operating activities, financing and investing activities (six months ended June 30,2023: nil).