What changed in this filing

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Item 1. Financial Statements

2025-05-14 compared with 2024-11-06 · 57 added, 44 removed, 166 unchanged (38% of the section changed)

1 unchanged sentence

Acquisition INC.

September 30, 2024

March 31, 2025

INDEX TO CONDENSED FINANCIAL STATEMENTS

Index to Condensed Financial Statements

Condensed Balance Sheets as of September 30, 2024 (Unaudited) and December 31, 2023

Condensed Statements of Operations (Unaudited) for the Three and Nine Months Ended September 30, 2024 and 2023

Condensed Statements of Changes in Stockholders’ Deficit (Unaudited) for the Three and Nine Months Ended September 30, 2024 and 2023

Condensed Statements of Cash Flows (Unaudited) for the Nine Months Ended September 30, 2024 and 2023

Condensed Balance Sheets as of March 31, 2025 (Unaudited) and December 31, 2024

Condensed Statements of Operations (Unaudited) for the Three Months Ended March 31, 2025 and 2024

Condensed Statements of Changes in Stockholders’ Deficit (Unaudited) for the Three Months Ended March 31, 2025 and 2024

Condensed Statements of Cash Flows (Unaudited) for the Three Months Ended March 31, 2025 and 2024

Notes to Condensed Financial Statements

1 unchanged sentence

CONDENSED BALANCE SHEETS

September 30,

Current assets

18 unchanged sentences

CONDENSED STATEMENTS OF OPERATIONS

September 30,

Three Months ended

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 30,2023

Three Months ended March 31, 2025 and 2024

Stockholders’

Balances – December 31, 2023

$ ( 109,951 )

$ ( 109,451 )

Balances – March 31, 2024

Balances – June 30, 2023

Balances – September 30, 2023

For the Three and Nine Months Ended September 30,2024

Stockholders’

$ ( 121,242 )

$ ( 120,742 )

Balances - December 31, 2024

2 unchanged sentences

Balances – March 31, 2025

Balances – June 30, 2024

Balances – September 30, 2023

$ ( 166,024 )

3 unchanged sentences

CONDENSED STATEMENT OF CASH FLOWS

September 30,

Three Months ended

Cash flows from operating activities:

3 unchanged sentences

Cash flows from financing activities:

Repayments of stockholder advances

Proceeds from note payable - stockholder

6 unchanged sentences

NOTES TO CONDENSED FINANCIAL STATEMENTS

September 30, 2024

March 31, 2025

Nature of Operations

13 unchanged sentences

Basis of Presentation

The accompanying unaudited financial statements

have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S.

for interim financial information and in accordance with the instructions to Form 10-Q and Article 8 of Regulation S-X of the Securities

The accompanying unaudited condensed financial

statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S.

GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 8 of Regulation S-X of the Securities

and Exchange Commission (the “SEC”).

Certain information or footnote disclosures normally included in financial statements

Certain information and footnote disclosures normally included in annual financial statements

prepared in accordance with U.S.

GAAP have been condensed or omitted, pursuant to the rules and regulations of the SEC for interim financial

GAAP have been condensed or omitted pursuant to SEC rules and regulations applicable to interim financial

Accordingly, they do not include all the information and footnotes necessary for a compete presentation of financial position,

results of operations, or cash flows.

In the opinion of management, the accompanying unaudited condensed financial statements include

all adjustments, consisting of a normal recurring nature, which are necessary for a fair presentation of the financial position, operating

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.

In the opinion of management, the accompanying unaudited condensed financial statements reflect

all adjustments, consisting only of normal recurring adjustments, necessary for a fair presentation of the Company’s financial position,

results of operations, and cash flows for the periods presented.

These interim financial statements should be read in conjunction with

the audited financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December

The Company applies ASC 280, Segment Reporting,

and has adopted ASU 2023-07.

The Company currently operates as a single segment, but complies with enhanced interim disclosure requirements

related to segment expenses and performance measures reviewed by the Chief Operating Decision Maker.

Use of Estimates

22 unchanged sentences

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

and penalties as of September 30, 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.

and penalties as of March 31, 2025 and December 31, 2024.

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, 2024 and 2023, there were no dilutive instruments.

As of March 31, 2025 and 2024, there were no dilutive instruments.

Emerging Growth Company

24 unchanged sentences

Recently Issued Accounting Pronouncements

In December 2023, the FASB issued ASU No.

Income Taxes (Topic 740):

Improvements to Income Tax Disclosures (“ASU 2023-09”), which will require the Company to disclose

specified additional information in its income tax rate reconciliation and provide additional information for reconciling items that meet

a quantitative threshold.

ASU 2023-09 will also require the Company to disaggregate its income taxes paid disclosure by federal, state

and foreign taxes, with further disaggregation required for significant individual jurisdictions.

ASU 2023-09 will become effective for

Annual periods beginning after December 15, 2024.

The Company is still reviewing the impact of ASU 2023-09.

In November 2023, the FASB issued ASU No.

2023-07, Segment Reporting (Topic 280):

Improvements to Reportable Segment Disclosures (“ASU 2023-07”), which will

require the Company to disclose significant segment expenses and other segment items on both an annual and interim basis, as

reviewed by the Chief Operating Decision Maker (CODM).

The Company adopted ASU 2023-07 effective January 1, 2025.

Management does not believe that any recently

2 unchanged sentences

Preferred Stock

As of September 30, 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 September 30, 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 September 30, 2024 and December 31, 2023,

the Company has approximately $ 30,200 and $ 23,100 , respectively in gross deferred tax assets resulting from net operating loss carry-forwards

As of March 31, 2025 and December 31, 2024, 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, 2025 and December 31, 2024, 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, 2025 and December 31, 2024, the

Company has approximately $ 34,900 and $ 32,500 , respectively in gross deferred tax assets resulting from net operating loss carry-forwards

of $ 166,000 and $ 155,000 , 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, 2024, and December 31, 2023, and the tax provisions attributable to loss before income

statutory federal income tax rate on March 31, 2025, and December 31, 2024, 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, 2024, and December 31, 2023, the amount due under the note payable was $ 134,525 and $ 99,525 , respectively.

As of March 31, 2025, and December 31, 2024, the amount due under the note payable was $ 147,025 .

Going Concern

3 unchanged sentences

The Company has accumulated deficit and total

stockholders’ deficit of $ 143,656 and $ 143,156 , respectively as of September 30, 2024.

stockholders’ deficit of $ 166,024 and $ 165,524 , respectively as of March 31, 2025.

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