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Born (BRRN0.00%), Inc. has submitted its Form 10-Q filing for the quarterly period ended June 30, 2024.
The company reported no revenue for the period and incurred administrative expenses of $2,293 for the three months ended June 30, 2024, compared to $5,188 for the same period in 2023.
Net loss for the three months ended June 30, 2024 was $2,293, compared to a net loss of $5,188 for the same period in 2023.
As of June 30, 2024, the company had total liabilities of $34,227 and a stockholders' deficit of $34,227.
The company has no current operations and plans to explore business opportunities, including potential acquisitions or mergers.
Born, Inc. has identified material weaknesses in its internal controls over financial reporting, including a lack of segregation of duties and the absence of an independent board of directors.
The company anticipates incurring operating losses over the next 12 months and may require additional financing to continue operations.
Born, Inc. is currently funded by interest-free demand loans from David Lazar, the company's court-appointed custodian.
The company does not have any off-balance sheet arrangements and has not been involved in any legal proceedings that would have a material adverse effect on its operations.
This content was summarized by generative artificial intelligence using public filings retrieved from SEC.gov. The original data was derived from the Born quarterly 10-Q report dated January 13, 2025. To report an error, please email earnings@qz.com.