Thu, Jun 27, 6:08 PM (72 days ago)
Tribal Rides International Corp. filed its Form 10-Q for the quarter ended September 30, 2023. Key financial highlights include: 1. **Revenue and Losses**: No revenue was reported. The net loss for Q3 2023 was $22,987, down from $636,096 in Q3 2022. For the nine months ended September 30, 2023, the net loss was $668,659 compared to $1,288,293 in the same period in 2022. 2. **Operating Expenses**: Operating expenses for Q3 2023 were $22,987, significantly lower than $625,727 in Q3 2022. For the nine months ended September 30, 2023, operating expenses were $718,122, down from $1,054,561 in the same period in 2022. 3. **Cash Flow**: The company used $147,940 in operating activities and $10,000 in investing activities during the nine months ended September 30, 2023. Financing activities provided $152,967 during this period. 4. **Balance Sheet**: As of September 30, 2023, the company had negative cash of $760 and total assets of $249,557. Total liabilities increased to $811,537 from $566,023 as of December 31, 2022. 5. **Stockholders’ Deficit**: Increased to $561,980 from $428,371 at the end of 2022. The company continues to focus on developing its digital transportation platform and is in need of additional funding to sustain operations and further development.