← Filings of ASST
Tables in the 10-Q of Strive, Inc.
11 tables with numbers, filed May 11, 2023. Each one downloads as a CSV for Excel or
Google Sheets, with the filing's address in the last row. Only the layout is tidied (a "$" or ")" in a cell of its own is joined to its number); no value is changed.
Open the filing on sec.gov ↗
| PART I | |
| FINANCIAL INFORMATION | |
| Item 1. | Financial Statements | 1 |
| Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations | 2 |
| Item 3. | Quantitative and Qualitative Disclosures About Market Risk | 11 |
| Item 4. | Controls and Procedures | 11 |
| PART II | | |
| OTHER INFORMATION | | |
First 8 of 15 rows. The CSV has all of them.
| Page |
| Balance Sheets as of March 31, 2023 (unaudited) and December 31, 2022 | F-1 |
| Statements of Operations | F-2 |
| Statements of Changes in Stockholder’s Equity | F-3 |
| Statements of Cash Flows | F-4 |
| Notes to Financial Statements | F-5 |
| As of March 31, | | As of December 31, | |
| 2023 | | 2022 | |
| (Unaudited) | | | |
| ASSETS | | | | |
| Current Assets | | | | |
| Cash | $5,922,351 | | $137,177 | |
| Accounts receivable, net | | 2,995 | | - |
| Prepaid expenses | | 86,432 | | - |
First 8 of 27 rows. The CSV has all of them.
| Three months ended | | | |
| March 31, | | | |
| 2023 | | 2022 | |
| Revenues | $61,135 | | $126,059 | |
| Operating expenses | | | | |
| Contract labor | | 36,581 | | 30,795 |
| General and administrative | | 345,941 | | 120,610 |
| Management compensation | | 749,864 | | 58,854 |
First 8 of 13 rows. The CSV has all of them.
Table 5 after “Three months ended March 31, 2023”
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| Preferred Stock | | Class A Common Stock | | | Class B Common Stock | | Additional Paid in | | Accumulated | | | | | | | | | | |
| Shares | | Amount | | | Shares | | Amount | | Shares | | Amount | | Capital | Deficit | Total | | | | |
| Balance - December 31, 2022 | | - | | $- | | | 8,385,276 | | $839 | | | 2,364,724 | | $236 | $779,826 | $(627,118) | | $153,783 | | |
| Class B common stock and warrant issued | | - | | | - | | | - | | | - | | 1,500,000 | | 150 | | 6,540,343 | | - | 6,540,493 |
| Class B common stock issued as restricted stock awards | | - | | | - | | | - | | | - | | 1,411,000 | | 141 | | 200,069 | | - | 200,210 |
| Net loss | | - | | | - | | | - | | | - | | - | | - | | - | | (1,071,251) | (1,071,251) |
| Balance - March 31, 2023 | | - | | $- | | | 8,385,276 | | $839 | | | 5,275,724 | | $527 | $7,520,238 | $(1,698,369) | | $5,823,235 | | |
Table 6 after “Three months ended March 31, 2022”
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| Preferred Stock | | Class A Common Stock | | | Class B Common Stock | | Additional Paid in | | Subscription | | Retained earnings (Accumulated | | | | | | | | | | |
| Shares | | Amount | | | Shares | | Amount | | Shares | | Amount | | Capital | Receivable | Deficit) | | Total | | | | |
| Balance, December 31, 2021 | | - | | $- | | | 9,756,000 | | $976 | | | 244,000 | | $24 | $249,976 | $(225,976) | | $18,137 | | $43,137 | | |
| Subscription received | | - | | | - | | | - | | | - | | - | | - | | - | | 75,000 | | - | 75,000 |
| Net loss | | - | | | - | | | - | | | - | | - | | - | | - | | - | | (84,200) | (84,200) |
| Balance, March 31, 2022 | | - | | $- | | | 9,756,000 | | $976 | | | 244,000 | | $24 | $249,976 | $(150,976) | | $(66,063) | | $33,937 | | |
| Three months ended | | | |
| March 31, | | | |
| 2023 | | 2022 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | | | | |
| Net loss | $(1,071,251) | | $(84,200) | |
| Adjustments to reconcile net loss to net cash used in operating activities: | | | | |
| Stock based compensation | | 200,210 | | - |
| Changes in operating assets and liabilities: | | | | |
First 8 of 22 rows. The CSV has all of them.
Table 8 after “A summary of activity for three months ended March 31, 2023, follows:”
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| Number of shares | | Weighted Average Exercise Price | | | Weighted| Average Life(years) | | |
| Outstanding, December 31, 2022 | | 52,500 | | $6.25 | | | 4.68 | |
| Granted | | 105,000 | | | 6.25 | | | 5.00 |
| Expired | | - | | | - | | | - |
| Exercised | | - | | | - | | | - |
| Outstanding, March 31, 2023 | | 157,500 | | $6.25 | | | 4.72 | |
Table 9 after “Comparison of Three Months Ended March 31, 2023 and 2022”
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| Three Months Ended | | | |
| Consolidated Operations Data | March 31, 2023 | | March 31, 2022 | |
| Revenues | $61,135 | | $126,059 | |
| Operating expenses | | | | |
| Contract labor | | 36,581 | | 30,795 |
| General and administrative | | 345,941 | | 120,610 |
| Management compensation | | 749,864 | | 58,854 |
| Total operating expenses | | 1,132,386 | | 210,259 |
First 8 of 10 rows. The CSV has all of them.
Table 10 after “The following table provides detailed information about our net cash flow for the three months ended March 31, 2023 and 2022.”
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| Three Months Ended March 31, | | | |
| 2023 | | 2022 | |
| Net cash provided by (used in) operating activities | $(829,946) | | $(75,077) | |
| Net cash provided by (used in) investing activities | | - | | - |
| Net cash provided by (used in) financing activities | | 6,615,120 | | 75,000 |
| Net change in cash | | 5,785,174 | | (77) |
| Cash at beginning of period | | 137,177 | | 33,731 |
| Cash at end of period | $5,922,351 | | $(33,654) | |
| Exhibit No. | Description |
| 3.1 | Articles of Incorporation of Asset Entities Inc. (incorporated by reference to Exhibit 3.1 to Registration Statement on Form S-1 filed on September 2, 2022) |
| 3.2 | Bylaws of Asset Entities Inc. (incorporated by reference to Exhibit 3.2 to Registration Statement on Form S-1 filed on September 2, 2022) |
| 4.1 | Common Stock Purchase Warrant issued to Boustead Securities, LLC, dated February 7, 2023 (incorporated by reference to Exhibit 4.1 to Current Report on Form 8-K filed on February 8, 2023) |
| 10.1 | Underwriting Agreement, dated February 2, 2022, by and between Asset Entities Inc. and Boustead Securities, LLC (as representative of the underwriters named therein) (incorporated by reference to Exhibit 1.1 to Current Report on Form 8-K filed on February 8, 2023) |
| 31.1* | Certifications of Principal Executive Officer filed pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 |
| 31.2* | Certifications of Principal Financial and Accounting Officer filed pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 |
| 32.1** | Certifications of Principal Executive Officer furnished pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 |
First 8 of 16 rows. The CSV has all of them.