Unusual Machines Inc
For the period ended Jun 30, 2024. Filed Aug 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.
Jun 30, 2024 · Filed Aug 14, 2024
UMAC$12.59-6.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Unaudited Consolidated Condensed Statements of Changes in Shareholders’ Equity
Consolidated Condensed Statement of Changes in Stockholders’ Equity
For the Six Months Ended June 30, 2024 and 2023
Six Months Ended June 30, 2023 (Restated – Note 13)
| Series B, Preferred Stock · Common Stock · Additional Paid-In · Accumulated · Total Stockholders’ | |||||||
|---|---|---|---|---|---|---|---|
| Shares | Value | Shares | Value | Capital | Deficit | Equity | |
| Balance, December 31, 2022 | 140 | $1 | 3,392,250 | $33,923 | $4,714,041 | $(1,549,584) | $3,198,381 |
| Issuance of common shares for services | – | – | 75,005 | 750 | 599,250 | – | 600,000 |
| Net loss | – | – | – | – | – | (1,177,904) | (1,177,904) |
| Balance, March 31, 2023 | 140 | $1 | 3,467,255 | $34,673 | $5,313,291 | $(2,727,488) | $2,620,477 |
| Conversion of preferred stock | 50 | 1 | (250,000) | (2,500) | 2,499 | – | – |
| Net loss | – | – | – | – | – | (435,298) | (435,298) |
| Balance, June 30, 2023 | 190 | $2 | 3,217,255 | $32,173 | $5,315,790 | $(3,162,786) | $2,185,179 |
Six Months Ended June 30, 2024
| Series B, Preferred Stock · Common Stock · Additional Paid-In · Accumulated · Total Stockholders’ | |||||||
|---|---|---|---|---|---|---|---|
| Shares | Value | Shares | Value | Capital | Deficit | Equity | |
| Balance, December 31, 2023 | 190 | $2 | 3,217,255 | $32,173 | $5,315,790 | $(3,933,046) | $1,414,919 |
| Issuance of common shares as settlement | – | – | 16,086 | 161 | 64,183 | – | 64,344 |
| Issuance of common shares, initial public offering, net of offering costs | – | – | 1,250,000 | 12,500 | 3,837,055 | – | 3,849,555 |
| Issuance of common shares, business combination | – | – | 4,250,000 | 42,500 | 16,957,500 | – | 17,000,000 |
| Conversion of preferred shares | (120) | (1) | 600,000 | 6,000 | (5,999) | – | – |
| Net loss | – | – | – | – | – | (1,106,002) | (1,106,002) |
| Balance, March 31, 2024 | 70 | $1 | 9,333,341 | $93,334 | $26,168,529 | $(5,039,048) | $21,222,816 |
| Conversion of preferred shares | (20) | – | 100,000 | 1,000 | (1,000) | – | – |
| Issuance of common shares, equity incentive plan | – | – | 977,899 | 9,779 | (9,779) | – | – |
| Stock compensation expense - vested stock | – | – | – | – | 346,854 | – | 346,854 |
| Stock option compensation expense | – | – | – | – | 14,389 | – | 14,389 |
| Net loss | – | – | – | – | – | (1,612,238) | (1,612,238) |
| Balance, June 30, 2024 | 50 | $1 | 10,411,240 | $104,113 | $26,518,993 | $(6,651,286) | $19,971,821 |
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