10-Q - HST Global, Inc. (0000797564) (Filer)

Fri, Nov 22, 11:00 AM (54 days ago)

HST Global, Inc. (HSTC) reported its Q3 2024 financial results, showing no revenue for the quarter or year-to-date. The company experienced a net loss of $13,792 for Q3 2024, a decrease from a loss of $35,730 in Q3 2023, attributed to reduced interest and consulting expenses, alongside the elimination of debt to a related party. For the nine months ended September 30, 2024, the net loss was $64,609, down from $109,311 in the same period last year. As of September 30, 2024, cash and cash equivalents increased to $10,406 from $1,526 in 2023. The company’s liabilities have significantly decreased to $42,076 from $593,593, reflecting a restructuring that included converting debt to equity and issuing new shares, leading to a total stockholder's deficit of $1,238,994. Looking forward, HSTC is pursuing additional capital to support operations, as current resources are insufficient. The company’s ability to continue operations hinges on securing adequate financing. The recent acquisition of trademarks and URLs marks a strategic move to enhance future revenue potential. Overall, uncertainties remain regarding HSTC's operational viability and future growth prospects.