Wed, May 15, 3:10 PM (182 days ago)
Nevada Classic Thoroughbreds, Inc. (NCT), a development-stage company, reported its financials for the quarter ending March 31, 2024. The company remains in its early stages, focusing on horse breeding and racing, and a sports care product line under the Showtime Sports Care brand. **Financial Overview:** - **Revenue:** No revenue reported for the quarter. - **Expenses:** Total expenses amounted to $80, consistent with the same period last year. - **Net Loss:** The company reported a net loss of $80, unchanged from the previous year. - **Assets:** Total current assets are $24,034, with $18,534 from the parent company and $5,500 from Showtime Sports Care. - **Liabilities:** No current liabilities reported. - **Stockholders' Equity:** Stands at $24,034, with significant deficits accumulated during the developmental stage. **Operational Highlights:** - **Cash Flow:** No significant cash flow from operating, investing, or financing activities. - **Development Stage:** The company continues to develop its horse racing and breeding operations, leveraging proprietary Power Genetics Mathematical Racing Numbers (PGMRN) for selecting racehorses. - **Showtime Sports Care:** Focused on developing and marketing sports care products, though currently no inventory or sales have been reported. **Risk Factors:** High-risk operations due to the unique and unpredictable nature of horse racing and competitive market pressures in the sports care segment. **Future Outlook:** The company plans to continue financing through officers and directors until it can generate sufficient revenue. The strategic focus remains on leveraging its PGMRN advantage and expanding the Showtime Sports Care product line.