10-Q Filing

STRIVE, INC. CIK: 1920406 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001213900-23-038555`
Period End Date	20230331
Filing Date	20230511
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	f10q0323_assetent_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 48 Income Statement 22 Cash Flow Statement 32 Stockholders Equity 13

Balance Sheet 48 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	$5.92M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$137.18K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	-	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$3.00K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$86.43K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	-	USD	Point-in-time
Deferred offering costs	`DeferredOfferingCosts`	-	USD	Point-in-time
Deferred offering costs	`DeferredOfferingCosts`	$235.84K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$373.02K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$6.01M	USD	Point-in-time
Preferred stock, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
TOTAL ASSETS	`Assets`	$6.01M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$373.02K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts payable and credit card liability	`AccountsPayableAndAccruedLiabilitiesCurrent`	$214.59K	USD	Point-in-time
Accounts payable and credit card liability	`AccountsPayableAndAccruedLiabilitiesCurrent`	$184.50K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$4.65K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$4.04K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$219.24K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$188.54K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$188.54K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$219.24K	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred Stock; $0.0001 par value, 50,000,000 authorized	`PreferredStockValue`	-	USD	Point-in-time
Preferred Stock; $0.0001 par value, 50,000,000 authorized	`PreferredStockValue`	-	USD	Point-in-time
Common Stock; $0.0001 par value, 200,000,000 authorized	`CommonStockValue`	-	USD	Point-in-time
Common Stock; $0.0001 par value, 200,000,000 authorized	`CommonStockValue`	-	USD	Point-in-time
Class A Common Stock; $0.0001 par value, 10,000,000 authorized 8,385,276 shares issued and outstanding	`CommonStockValueOne`	$839.00	USD	Point-in-time
Class A Common Stock; $0.0001 par value, 10,000,000 authorized 8,385,276 shares issued and outstanding	`CommonStockValueOne`	$839.00	USD	Point-in-time
Class B Common Stock; $0.0001 par value, 190,000,000 authorized 5,275,724 and 2,364,724 shares issued and outstanding, respectively	`CommonStockValue2`	$236.00	USD	Point-in-time
Class B Common Stock; $0.0001 par value, 190,000,000 authorized 5,275,724 and 2,364,724 shares issued and outstanding, respectively	`CommonStockValue2`	$527.00	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$779.83K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$7.52M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.70M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-627.12K	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$5.82M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$153.78K	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$43.14K	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$33.94K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$373.02K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$6.01M	USD	Point-in-time

Income Statement 22 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$126.06K	USD	1 Quarter
Loss per share of common stock - diluted	`EarningsPerShareDiluted`	$-0.09	USD	1 Quarter
Revenues	`Revenues`	$61.13K	USD	1 Quarter
Loss per share of common stock - diluted	`EarningsPerShareDiluted`	$-0.01	USD	1 Quarter
Weighted average number of shares of common stock outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.00M	shares	1 Quarter
Weighted average number of shares of common stock outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	12.46M	shares	1 Quarter
Contract labor	`LaborAndRelatedExpense`	$36.58K	USD	1 Quarter
Contract labor	`LaborAndRelatedExpense`	$30.80K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$345.94K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$120.61K	USD	1 Quarter
Management compensation	`EmployeeBenefitsAndShareBasedCompensation`	$749.86K	USD	1 Quarter
Management compensation	`EmployeeBenefitsAndShareBasedCompensation`	$58.85K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$210.26K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.13M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-84.20K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.07M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.07M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-84.20K	USD	1 Quarter
Loss per share of common stock - basic (in Dollars per share)	`EarningsPerShareBasic`	$-0.09	USD	1 Quarter
Loss per share of common stock - basic (in Dollars per share)	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter
Weighted average number of shares of common stock outstanding - basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	10.00M	shares	1 Quarter
Weighted average number of shares of common stock outstanding - basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	12.46M	shares	1 Quarter

Cash Flow Statement 32 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.07M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-84.20K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	-	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$200.21K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$3.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$4.25K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$86.43K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$8.14K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$131.12K	USD	1 Quarter
Contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$-603.00	USD	1 Quarter
Contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$5.23K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-829.95K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-75.08K	USD	1 Quarter
Class B common stock subscription proceeds received, net	`ConversionFromClassAToClassBCommonStock`	$75.00K	USD	1 Quarter
Class B common stock subscription proceeds received, net	`ConversionFromClassAToClassBCommonStock`	$6.62M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$75.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$6.62M	USD	1 Quarter
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$5.79M	USD	1 Quarter
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-77.00	USD	1 Quarter
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$33.73K	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$33.65K	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$137.18K	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.92M	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$33.73K	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$33.65K	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$137.18K	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.92M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	-	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	-	USD	1 Quarter

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$5.82M	USD	Point-in-time
Balance	`StockholdersEquity`	$153.78K	USD	Point-in-time
Balance	`StockholdersEquity`	$43.14K	USD	Point-in-time
Balance	`StockholdersEquity`	$33.94K	USD	Point-in-time
Class B common stock and warrant issued	`StockIssuedDuringPeriodValueNewIssues`	$6.54M	USD	1 Quarter
Class B common stock issued as restricted stock awards	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$200.21K	USD	1 Quarter
Subscription received	`StockIssuedDuringPeriodValueOther`	$75.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.07M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-84.20K	USD	1 Quarter
Balance	`StockholdersEquity`	$5.82M	USD	Point-in-time
Balance	`StockholdersEquity`	$153.78K	USD	Point-in-time
Balance	`StockholdersEquity`	$43.14K	USD	Point-in-time
Balance	`StockholdersEquity`	$33.94K	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.