Driveitaway Holdings Inc
For the period ended Sep 30, 2023. Filed Mar 8, 2024.
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FY2023 · Filed Mar 8, 2024
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Consolidated Statements of Changes in Stockholders’ Deficit
Consolidated Statement of Changes in Stockholders’ Deficit Years Ended September 30, 2023, and 2022
| Series A · Additional · Total Stockholders’ | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Preferred Stock · Common Stock · Paid in · Treasury Stock · Accumulated · Equity | |||||||||
| Shares | Amount | Shares | Amount | Capital | Shares | Amount | Deficit | (Deficit) | |
| Balance - September 30, 2021 | 2,300,000 | $230 | — | $— | $419,793 | — | $— | $(905,394) | $(485,371) |
| Stock based compensation | — | — | — | — | 288,461 | — | — | — | 288,461 |
| Preferred stock issued for conversion of debt- related party | 52,284 | 5 | 104,560 | 104,565 | |||||
| Preferred stock issued for conversion of debt | 129,809 | 13 | 288,446 | 288,459 | |||||
| Preferred stock issued for exercise of stock option - related party | 112,500 | 11 | 84,363 | 84,374 | |||||
| Recapitalization | — | — | 13,716,041 | 1,372 | 147,135 | (15,100) | (18,126) | 130,381 | |
| Common stock and warrant issued in connection with promissory note | — | — | 4,000,000 | 400 | 64,874 | — | — | — | 65,274 |
| Conversion of preferred stock to common stock | (2,594,593) | (259) | 88,085,681 | 8,809 | (8,550) | — | — | — | — |
| Cancellation of common shares against note receivable | — | — | (500,000) | (50) | (99,950) | — | — | — | (100,000) |
| Net loss | — | — | — | — | — | — | — | (1,475,365) | (1,475,365) |
| Balance - September 30, 2022 | — | $— | 105,301,722 | $10,531 | $1,289,132 | (15,100) | $(18,126) | $(2,380,759) | $(1,099,222) |
| Series A · Additional · Total Stockholders’ | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Preferred Stock · Common Stock · Paid in · Treasury Stock · Accumulated · Equity | |||||||||
| Shares | Amount | Shares | Amount | Capital | Shares | Amount | Deficit | (Deficit) | |
| Balance - September 30, 2022 | — | $— | 105,301,722 | $10,531 | $1,289,132 | (15,100) | $(18,126) | $(2,380,759) | $(1,099,222) |
| Common stock issued in connection with promissory note | — | — | 1,000,000 | 100 | 59,900 | — | — | — | 60,000 |
| Stock based compensation | — | — | 250,000 | 25 | 14,975 | — | — | — | 15,000 |
| Net Income (Loss) | — | — | — | — | — | — | — | (930,137) | (930,137) |
| Balance - September 30, 2023 | — | $— | 106,551,722 | $10,656 | $1,364,007 | (15,100) | $(18,126) | $(3,310,896) | $(1,954,359) |
The accompanying notes are an integral part of these 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.