What changed in this filing

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Item 1. Financial Statements

2024-05-14 compared with 2023-11-13 · 38 added, 41 removed, 166 unchanged (32% of the section changed)

1 unchanged sentence

Acquisition INC.

September 30, 2023

INDEX TO CONDENSED FINANCIAL STATEMENTS

March 31, 2024

INDEX TO CONDENSED FINANCIAL STATEMENTS

Condensed Balance Sheets as of September 30, 2023 (Unaudited) and December 31, 2022,

Condensed Statements of Operations (Unaudited) for the Three and Nine Months ended September 30, 2023, and 2022

Condensed Statements of Changes in Stockholders’ Deficit (Unaudited) for the Three and Nine Months ended September 30, 2023 and 2022

Condensed Statements of Cash Flows (Unaudited) for the Nine Months ended September 30, 2023, and 2022

Notes to Condensed Financial Statements

Index to Condensed Financial

Condensed Balance Sheets as of

March 31, 2024 (Unaudited) and December 31, 2023

Condensed Statements of Operations

(Unaudited) for the Three Months ended March 31, 2024 and 2023

Condensed Statements of Changes

in Stockholders’ Deficit (Unaudited) for the Three Months ended March 31, 2024 and 2023

Condensed Statements of Cash

Flows (Unaudited) for the Three Months ended March 31, 2024 and 2023

Notes to Condensed Financial

Acquisition INC.

CONDENSED BALANCE SHEETS

September 30,

Current assets

4 unchanged sentences

Note payable - stockholder

Advances from stockholder

Total current liabilities

13 unchanged sentences

Three Months ended

September 30,

Nine Months Ended

September 30,

General and administrative expenses

1 unchanged sentence

Weighted average common stock outstanding, basic and diluted

Net loss per share of common stock, basic and diluted

Loss per share of common stock, basic and diluted

See accompanying notes to condensed financial statements.

1 unchanged sentence

CONDENSED STATEMENTS OF CHANGES IN STOCKHOLDERS’

For the Three and Nine Months Ended September 30, 2022

Three Months ended March 31, 2024 and 2023

Stockholders’

1 unchanged sentence

Balances – March 31, 2023

Balances – June 30, 2022

Balances – September 30, 2022

For the Three and Nine Months Ended September 30, 2023

Stockholders’

Balances - December 31, 2023

$ ( 109,951 )

$ ( 109,451 )

Balances – March 31, 2024

Balances – June 30, 2023

Balances – September 30, 2023

$ ( 121,242 )

$ ( 120,742 )

See accompanying notes to condensed financial statements.

Acquisition INC.

CONDENSED STATEMENTS OF CASH FLOWS

Nine Months Ended

September 30,

CONDENSED STATEMENT OF CASH FLOWS

Cash flows from operating activities:

1 unchanged sentence

Accounts payable and accrued expenses

Net cash used in operating activities

cash used in operating activities

Cash flows from financing activities:

8 unchanged sentences

NOTES TO CONDENSED FINANCIAL STATEMENTS

September 30, 2023

March 31, 2024

Nature of Operations

25 unchanged sentences

results and cash flows for the periods presented.

The interim unaudited condensed financial statements and notes thereto should be read

in conjunction with the audited condensed financial statements and notes thereto contained in our Annual Report on Form 10-K for the year

ended December 31, 2023.

Use of Estimates

22 unchanged sentences

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

and penalties as of September 30, 2023, and December 31, 2022.

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 March 31, 2024 and December 31, 2023.

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 September 30, 2023 and 2022, there were no dilutive instruments.

As of March 31, 2024 and 2023, there were no dilutive instruments.

Emerging Growth Company

1 unchanged sentence

as defined in Section 2(a) of the Securities Act, as modified by the Jumpstart Our Business Startups Act of 2012, or the JOBS Act.

As such, the Company is eligible to take advantage of certain exemptions from various reporting requirements that are applicable to other

such, the Company is eligible to take advantage of certain exemptions from various reporting requirements that are applicable to other

public companies that are not “emerging growth companies” including, but not limited to, not being required to comply with

1 unchanged sentence

compensation in the Company’s periodic reports and proxy statements, and exemptions from the requirements of holding a non-binding

advisory vote on executive compensation and stockholder approval of any golden parachute payments not previously approved.

advisory vote on executive compensation and shareholder approval of any golden parachute payments not previously approved.

If some investors

20 unchanged sentences

Preferred Stock

As of September 30, 2023, and December 31, 2022,

the Company has 10,000,000 shares of preferred stock, par value of $ 0.0001 , authorized and none issued or outstanding.

As of September 30, 2023, and December 31, 2022,

the Company has 50,000,000 shares of common stock, par value of $ 0.0001 , authorized and 5,000,000 shares issued and outstanding.

As of September 30, 2023, and December 31, 2022,

the Company has approximately $ 20,800 and $ 13,100 , respectively in gross deferred tax assets resulting from net operating loss carry-forwards

As of March 31, 2024 and December 31, 2023, the

Company has 10,000,000 shares of preferred stock, par value of $ 0.0001 , authorized and none issued or outstanding.

As of March 31, 2024 and December 31, 2023, the

Company has 50,000,000 shares of common stock, par value of $ 0.0001 , authorized and 5,000,000 shares issued and outstanding.

As of March 31, 2024 and December 31, 2023, the

Company has approximately $ 25,500 and $ 23,100 , respectively in gross deferred tax assets resulting from net operating loss carry-forwards

of $ 121,200 and $ 110,000 , 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 September 30, 2023, and December 31, 2022, and the tax provisions attributable to loss before income

statutory federal income tax rate on March 31, 2024, and December 31, 2023, and the tax provisions attributable to loss before income

taxes is as follows:

September 30,

Statutory federal income taxes

12 unchanged sentences

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, 2023, and December 31, 2022, the amount due under the note payable was $ 89,525 and $ 52,025 , respectively.

As of March 31, 2024, and December 31, 2023, the amount due under the note payable was $ 109,525 and $ 99,525 , respectively.

Going Concern

3 unchanged sentences

The Company has accumulated deficit and total

stockholders’ deficit of $ 98,840 and $ 98,340 , respectively, as of September 30, 2023.

stockholders’ deficit of $ 121,242 and $ 120,742 , respectively as of March 31, 2024.

Management believes these conditions raise substantial

4 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