10-Q Filing

STRIVE, INC. CIK: 1920406 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0001213900-23-067069`
Period End Date	20230630
Filing Date	20230814
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	f10q0623_assetent_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 51 Income Statement 46 Cash Flow Statement 37 Stockholders Equity 24

Balance Sheet 51 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	$137.18K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$5.02M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$71.10K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	-	USD	Point-in-time
Deferred offering costs	`DeferredOfferingCosts`	$235.84K	USD	Point-in-time
Deferred offering costs	`DeferredOfferingCosts`	-	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$373.02K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$5.09M	USD	Point-in-time
Preferred stock, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
TOTAL ASSETS	`Assets`	$5.09M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$373.02K	USD	Point-in-time
Preferred stock, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	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
Accounts payable and credit card liability	`AccountsPayableAndAccruedLiabilitiesCurrent`	$214.59K	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`	$156.51K	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$4.65K	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$24.87K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$181.38K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$219.24K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$219.24K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	5.38M	shares	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$181.38K	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 5,375,724 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 5,375,724 and 2,364,724 shares issued and outstanding, respectively	`CommonStockValue2`	$537.00	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$779.83K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$7.92M	USD	Point-in-time
Subscription receivable	`StockholdersEquityNoteSubscriptionsReceivable`	-	USD	Point-in-time
Subscription receivable	`StockholdersEquityNoteSubscriptionsReceivable`	-	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-627.12K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.02M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$153.78K	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$4.91M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$43.14K	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$113.72K	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$5.82M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$33.94K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$5.09M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$373.02K	USD	Point-in-time

Income Statement 46 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$198.72K	USD	2 Qtrs
Revenues	`Revenues`	$74.91K	USD	1 Quarter
Loss per share of common stock - diluted	`EarningsPerShareDiluted`	$-0.02	USD	1 Quarter
Loss per share of common stock - diluted	`EarningsPerShareDiluted`	$-0.03	USD	2 Qtrs
Loss per share of common stock - diluted	`EarningsPerShareDiluted`	$-0.10	USD	1 Quarter
Revenues	`Revenues`	$72.66K	USD	1 Quarter
Loss per share of common stock - diluted	`EarningsPerShareDiluted`	$-0.18	USD	2 Qtrs
Revenues	`Revenues`	$136.05K	USD	2 Qtrs
Weighted average number of shares of common stock outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.06M	shares	1 Quarter
Weighted average number of shares of common stock outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	13.09M	shares	2 Qtrs
Weighted average number of shares of common stock outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	13.71M	shares	1 Quarter
Weighted average number of shares of common stock outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.03M	shares	2 Qtrs
Contract labor	`LaborAndRelatedExpense`	$51.29K	USD	1 Quarter
Contract labor	`LaborAndRelatedExpense`	$82.08K	USD	2 Qtrs
Contract labor	`LaborAndRelatedExpense`	$84.66K	USD	2 Qtrs
Contract labor	`LaborAndRelatedExpense`	$48.08K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$497.71K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$239.64K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$119.03K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$843.65K	USD	2 Qtrs
Management compensation	`EmployeeBenefitsAndShareBasedCompensation`	$850.17K	USD	1 Quarter
Management compensation	`EmployeeBenefitsAndShareBasedCompensation`	$206.34K	USD	2 Qtrs
Management compensation	`EmployeeBenefitsAndShareBasedCompensation`	$1.60M	USD	2 Qtrs
Management compensation	`EmployeeBenefitsAndShareBasedCompensation`	$147.49K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$528.06K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$1.40M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$2.53M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$317.80K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.32M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-329.34K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-245.14K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-2.39M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-329.34K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-245.14K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.39M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.32M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-84.20K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.07M	USD	1 Quarter
Loss per share of common stock - basic (in Dollars per share)	`EarningsPerShareBasic`	$-0.02	USD	1 Quarter
Loss per share of common stock - basic (in Dollars per share)	`EarningsPerShareBasic`	$-0.03	USD	2 Qtrs
Loss per share of common stock - basic (in Dollars per share)	`EarningsPerShareBasic`	$-0.18	USD	2 Qtrs
Loss per share of common stock - basic (in Dollars per share)	`EarningsPerShareBasic`	$-0.10	USD	1 Quarter
Weighted average number of shares of common stock outstanding - basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	13.71M	shares	1 Quarter
Weighted average number of shares of common stock outstanding - basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	10.06M	shares	1 Quarter
Weighted average number of shares of common stock outstanding - basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	10.03M	shares	2 Qtrs
Weighted average number of shares of common stock outstanding - basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	13.09M	shares	2 Qtrs

Cash Flow Statement 37 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-329.34K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-245.14K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.39M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.32M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-84.20K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.07M	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$603.92K	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	-	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.30K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$71.10K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-126.79K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$32.63K	USD	2 Qtrs
Contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$4.30K	USD	2 Qtrs
Contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$20.23K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-293.70K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.97M	USD	2 Qtrs
Class B common stock subscription proceeds received, net	`ClassBCommonStockSubscriptionProceedsReceivedNet`	$399.93K	USD	2 Qtrs
Class B common stock subscription proceeds received, net	`ClassBCommonStockSubscriptionProceedsReceivedNet`	$6.85M	USD	2 Qtrs
Deferred offering costs	`PaymentsOfFinancingCosts`	$24.53K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$6.85M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$375.39K	USD	2 Qtrs
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$81.69K	USD	2 Qtrs
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$4.88M	USD	2 Qtrs
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.02M	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$33.73K	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$137.18K	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$115.42K	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.02M	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$33.73K	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$137.18K	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$115.42K	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	-	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	-	USD	2 Qtrs
Conversion from Class A to Class B common stock	`ConversionFromClassAToClassBCommonStock`	$77.00	USD	2 Qtrs

Stockholders Equity 24 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$153.78K	USD	Point-in-time
Balance	`StockholdersEquity`	$4.91M	USD	Point-in-time
Balance	`StockholdersEquity`	$43.14K	USD	Point-in-time
Balance	`StockholdersEquity`	$113.72K	USD	Point-in-time
Balance	`StockholdersEquity`	$5.82M	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 and warrant issued	`StockIssuedDuringPeriodValueNewIssues`	$174.93K	USD	1 Quarter
Class B Common stock issued for restricted stock awards	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$200.21K	USD	1 Quarter
Class B Common stock issued for restricted stock awards	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$403.71K	USD	1 Quarter
Subscription received	`StockIssuedDuringPeriodValueOther`	$150.00K	USD	1 Quarter
Subscription received	`StockIssuedDuringPeriodValueOther`	$75.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-329.34K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-245.14K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.39M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.32M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-84.20K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.07M	USD	1 Quarter
Balance	`StockholdersEquity`	$153.78K	USD	Point-in-time
Balance	`StockholdersEquity`	$4.91M	USD	Point-in-time
Balance	`StockholdersEquity`	$43.14K	USD	Point-in-time
Balance	`StockholdersEquity`	$113.72K	USD	Point-in-time
Balance	`StockholdersEquity`	$5.82M	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.