Tue, Mar 18, 8:12 PM (33 days ago)
**Atlantica, Inc. (ATTC) - Financial Summary** **Financial Performance:** - **Revenue:** $0 for 2024 and 2023. - **Net Income:** Net loss of $394,670 in 2024, compared to a net loss of $378,946 in 2023. - **Operating Expenses:** $219,813 in 2024, slightly down from $225,730 in 2023. - **Earnings Per Share:** Basic and diluted loss per share of $(0.16) in 2024, compared to $(0.15) in 2023. **Strategic Overview:** - Atlantica, Inc. is a shell company seeking to acquire or merge with a business or company. - The company has no current operations and is relying on its principal shareholder, Mirabella Holdings, LLC, to cover operating expenses. **Future Outlook:** - The company plans to consider guidelines of industries, adopt a business plan, and commence operations through funding or acquisition. - Atlantica faces significant risks due to its lack of operations, assets, and cash reserves. **Risk Factors:** - The company has recurring losses, negative working capital, and negative cash flows from operations. - There is substantial doubt about Atlantica's ability to continue as a going concern. - The company is subject to various regulatory requirements and restrictions as a shell company. **Financial Condition:** - As of December 31, 2024, Atlantica had $0 in assets and total liabilities of $5,647,830. - The company has a significant accumulated deficit of $(5,773,532) as of December 31, 2024. - Atlantica has no current cash resources and relies on loans from its principal shareholder. **Market Position Changes:** - Atlantica's shares are listed on the OTC Bulletin Board under the symbol "ALDA." - The company has 670 shareholders, with a majority shareholder holding 97.2% of the outstanding shares. - There is no established trading market for Atlantica's shares, and the company expects limited market activity until it completes an acquisition.