Unusual Machines 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
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 Nine months Ended September 30, 2024 and 2023
Nine months Ended September 30, 2023 (Restated – Note 14)
| Series A, Preferred Stock · Series B, Preferred Stock · Series C, Preferred Stock · Common Stock · Additional Paid-In · Accumulated · Total Stockholders’ | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shares | Value | Shares | Value | 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 |
| Net loss | – | – | – | – | – | – | – | – | – | (353,674) | (353,674) |
| Balance, September 30, 2023 | – | $– | 190 | $2 | – | $– | 3,217,255 | $32,173 | $5,315,790 | $(3,516,460) | $1,831,505 |
continued
Nine months Ended September 30, 2024
| Series A, Preferred Stock · Series B, Preferred Stock · Series C, Preferred Stock · Common Stock · Additional Paid-In · Accumulated · Total Stockholders’ | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shares | Value | Shares | Value | 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 |
| Issuance of common shares, equity incentive plan | – | – | – | – | – | – | 23,743 | 237 | (237) | – | – |
| Exchange of common shares for Series A preferred | 4,250 | 43 | – | – | – | – | (4,250,000) | (42,500) | 42,457 | – | – |
| Exchange of convertible note for Series C preferred | – | – | – | – | 210 | 2 | – | – | 999,998 | – | 1,000,000 |
| Stock compensation expense – vested stock | – | – | – | – | – | – | – | – | 375,345 | – | 375,345 |
| Stock option compensation expense | – | – | – | – | – | – | – | – | 23,086 | – | 23,086 |
| Net loss | – | – | – | – | – | – | – | – | – | (2,144,250) | (2,144,250) |
| Balance, September 30, 2024 | 4,250 | $43 | 50 | $1 | 210 | $2 | 6,184,983 | $61,850 | $27,959,642 | $(8,795,536) | $19,226,002 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.