What changed in this filing

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Item 1. Financial Statements

2022-11-14 compared with 2022-08-15 · 44 added, 37 removed, 177 unchanged (31% of the section changed)

Financial Statements.

SURFSIDE ACQUISITION CORP.

June 30, 2022

Acquisition Corp.

September 30, 2022

INDEX TO CONDENSED FINANCIAL STATEMENTS

Index to Condensed Financial Statements

Condensed Balance Sheets as of June 30, 2022 (Unaudited) and December 31, 2021

Statements of Operations (Unaudited) for the Three and Six Months ended June 30, 2022

Condensed Statements of Changes in Stockholders’ Deficit (Unaudited) for the Three and Six Months ended June 30, 2022

Condensed Statement of Cash Flows (Unaudited) for the Six Months ended June 30, 2022

Condensed Balance Sheets as of September 30, 2022 (unaudited) and December 31, 2021

Condensed Statement of Operations for the Three and Nine Months ended September 30, 2022 (unaudited)

Condensed Statements of Changes in Stockholders’ Deficit (Unaudited) for the Nine Months ended September 30, 2022

Condensed Statement of Cash Flows for the Nine Months ended September 30, 2022 (unaudited)

Notes to Condensed Financial Statements

SURFSIDE ACQUISITION CORP.

Acquisition Corp.

CONDENSED BALANCE SHEETS

September 30,

Current assets

15 unchanged sentences

Total stockholders’ deficit

Total liabilities and

stockholders’ deficit

Total liabilities and stockholders’ deficit

See accompanying notes to condensed financial statements

SURFSIDE ACQUISITION CORP.

STATEMENTS OF OPERATIONS

Acquisition Corp.

CONDENSED STATEMENTS OF OPERATIONS

Three Months Ended

Six Months Ended

Nine Months Ended

September 30,

General and administrative expenses

3 unchanged sentences

See accompanying notes to condensed financial statements

SURFSIDE ACQUISITION CORP.

Acquisition Corp.

CONDENSED STATEMENT OF CHANGES IN STOCKHOLDERS’

Three and Six Months Ended June 30, 2022

Three and Nine Months Ended September 30, 2022

Shareholders’

2 unchanged sentences

Balances – June 30, 2022

Balances – September 30, 2022

See accompanying notes to condensed financial statements

SURFSIDE ACQUISITION CORP.

Acquisition Corp.

CONDENSED STATEMENT OF CASH FLOWS

Six Months Ended June 30, 2022

Nine Months Ended September 30, 2022

Nine Months Ended

September 30,

Cash flows from operating activities:

9 unchanged sentences

See accompanying notes to condensed financial statements

SURFSIDE ACQUISITION CORP.

Acquisition Corp.

NOTES TO CONDENSED FINANCIAL STATEMENTS

June 30, 2022

September 30, 2022

Nature of Operations

10 unchanged sentences

of the Company.

Basis of Presentation and Summary of Significant Accounting

Basis of Presentation and Summary

of Significant Accounting Policies

Basis of Presentation

22 unchanged sentences

of three months or less.

There are no cash equivalents at June 30, 2022 and December 31, 2021.

There are no cash equivalents at September 30, 2022 and December 31, 2021.

The Company accounts for income taxes under ASC

15 unchanged sentences

There were no unrecognized tax benefits and no amounts accrued for interest

and penalties as of June 30, 2022 and December 31, 2021.

The Company is currently not aware of any issues under review that could result

in significant payments, accruals or material deviation from its position.

and penalties as of September 30, 2022 and December 31, 2021.

The Company is currently not aware of any issues under review that could

result in significant payments, accruals or material deviation from its position.

Net Loss per Common Share

3 unchanged sentences

instruments, except when doing so would be anti-dilutive.

As of June 30, 2022, there were no dilutive instruments.

As of September 30, 2022, there were no dilutive instruments.

Emerging Growth Company

28 unchanged sentences

Preferred Stock

As of June 30, 2022 and December 31, 2021, the Company has

As of September 30, 2022 and December 31, 2021, the Company has 10,000,000

shares of preferred stock, par value of $ 0.0001 , authorized and none issued or outstanding.

As of June 30, 2022 and December 31, 2021, the Company has

50,000,000 shares of common stock, par value of $ 0.0001 , authorized and has issued 5,000,000 shares of its common stock for $ 500 to the

founders of the Company.

As of June 30, 2022 and December 31, 2021, the

Company has approximately $ 6,500 and $ 2,700 , respectively in gross deferred tax assets resulting from net operating loss carry-forwards

As of September 30, 2022 and December 31, 2021, the Company has 50,000,000

shares of common stock, par value of $ 0.0001 , authorized and has issued 5,000,000 shares of its common stock for $ 500 to the founders

of the Company.

As of September 30, 2022 and December 31, 2021,

the Company has approximately $ 10,800 and $ 2,700 , respectively in gross deferred tax assets resulting from net operating loss carry-forwards

of $ 51,600 and $ 12,900 , respectively available to offset future taxable income through 2041 subject to the change in ownership provisions

3 unchanged sentences

The difference between the tax provision at the

statutory federal income tax rate on June 30, 2022 and December 31, 2021, and the tax provisions attributable to loss before income taxes

is as follows:

statutory federal income tax rate on September 30, 2022 and December 31, 2021, and the tax provisions attributable to loss before income

taxes is as follows:

September 30,

Statutory federal income taxes

1 unchanged sentence

Effective income tax rate, net

Commitments and Related Party Transactions

Commitments and Related Party

The Company utilizes the office space and equipment of its management

4 unchanged sentences

transaction or other transaction after which the Company would cease to be a shell company.

The Note is non-interest bearing unless an

event of default occurs.

As of June 30, 2022 and December 31, 2021, the amount due under the note payable was $ 22,005 and $ 12,025 , respectively.

the event of an Event of Default, the entire note shall automatically become due and payable (the “Default Date”) and starting

from five (5) days after the Default Date, the interest rate on the note shall accrue at the rate of eighteen percent ( 18 %) per annum.

As of September 30, 2022 and December 31, 2021, the amount due under the note payable was $ 42,005 and $ 12,025 , respectively.

Going Concern

3 unchanged sentences

The Company has incurred losses from inception

of $ 31,236 and has a stockholders’ deficit of $ 30,736 as of June 30, 2022.

of $ 51,654 and has a stockholders’ deficit of $ 51,154 as of September 30, 2022.

Management believes these conditions raise substantial

20 unchanged sentences

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-Q

Item 1. Financial Statements