10-Q Filing

STRIVE, INC. CIK: 1920406 Q3 2023

Filing Information

Form Type	10-Q
Accession Number	`0001213900-23-086956`
Period End Date	20230930
Filing Date	20231114
Fiscal Year	2023
Fiscal Period	Q3
XBRL Instance	f10q0923_assetentities_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 48 Income Statement 48 Cash Flow Statement 42 Stockholders Equity 33

Balance Sheet 48 line items

Line Item	Tag	Value	Unit	Period
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
Cash	`CashAndCashEquivalentsAtCarryingValue`	$137.18K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$4.02M	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
Prepaid expenses	`PrepaidExpenseCurrent`	$122.55K	USD	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
Prepaid expenses	`PrepaidExpenseCurrent`	-	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
Deferred offering costs	`DeferredCostsCurrent`	$235.84K	USD	Point-in-time
Deferred offering costs	`DeferredCostsCurrent`	-	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$373.02K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$4.14M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	8.39M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$7.32K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$4.15M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$373.02K	USD	Point-in-time
Accounts payable and credit card liability	`AccountsPayableAndAccruedLiabilitiesCurrent`	$214.59K	USD	Point-in-time
Accounts payable and credit card liability	`AccountsPayableAndAccruedLiabilitiesCurrent`	$111.76K	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$4.65K	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$23.56K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$135.32K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$219.24K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$135.32K	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 Value	`CommonStockValue`	-	USD	Point-in-time
Common Stock Value	`CommonStockValue`	-	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$779.83K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$8.22M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-627.12K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-4.21M	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 STOCKHOLDERS EQUITY	`StockholdersEquity`	$4.91M	USD	Point-in-time
TOTAL STOCKHOLDERS EQUITY	`StockholdersEquity`	$113.72K	USD	Point-in-time
TOTAL STOCKHOLDERS EQUITY	`StockholdersEquity`	$153.78K	USD	Point-in-time
TOTAL STOCKHOLDERS EQUITY	`StockholdersEquity`	$4.02M	USD	Point-in-time
TOTAL STOCKHOLDERS EQUITY	`StockholdersEquity`	$5.82M	USD	Point-in-time
TOTAL STOCKHOLDERS EQUITY	`StockholdersEquity`	$31.05K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$373.02K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$4.15M	USD	Point-in-time

Income Statement 48 line items

Line Item	Tag	Value	Unit	Period
Loss per share of common stock - diluted	`EarningsPerShareDiluted`	$-0.01	USD	1 Quarter
Revenues	`Revenues`	$60.13K	USD	1 Quarter
Loss per share of common stock - diluted	`EarningsPerShareDiluted`	$-0.04	USD	3 Qtrs
Revenues	`Revenues`	$196.18K	USD	3 Qtrs
Revenues	`Revenues`	$81.41K	USD	1 Quarter
Revenues	`Revenues`	$280.14K	USD	3 Qtrs
Loss per share of common stock - diluted	`EarningsPerShareDiluted`	$-0.27	USD	3 Qtrs
Loss per share of common stock - diluted	`EarningsPerShareDiluted`	$-0.09	USD	1 Quarter
Weighted average number of shares of common stock outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.25M	shares	1 Quarter
Weighted average number of shares of common stock outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	13.76M	shares	1 Quarter
Weighted average number of shares of common stock outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	13.32M	shares	3 Qtrs
Weighted average number of shares of common stock outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.10M	shares	3 Qtrs
Contract labor	`LaborAndRelatedExpense`	$141.20K	USD	3 Qtrs
Contract labor	`LaborAndRelatedExpense`	$114.56K	USD	3 Qtrs
Contract labor	`LaborAndRelatedExpense`	$32.47K	USD	1 Quarter
Contract labor	`LaborAndRelatedExpense`	$56.54K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$518.25K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$100.70K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.36M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$340.33K	USD	3 Qtrs
Management compensation	`EmployeeBenefitsAndShareBasedCompensation`	$2.28M	USD	3 Qtrs
Management compensation	`EmployeeBenefitsAndShareBasedCompensation`	$675.84K	USD	1 Quarter
Management compensation	`EmployeeBenefitsAndShareBasedCompensation`	$238.24K	USD	3 Qtrs
Management compensation	`EmployeeBenefitsAndShareBasedCompensation`	$31.90K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.25M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$165.07K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$3.78M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$693.13K	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-412.99K	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-3.58M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-1.19M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-83.65K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.58M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-84.20K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-245.14K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.32M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-83.65K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.07M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.19M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-412.99K	USD	3 Qtrs
Loss per share of common stock - basic and diluted (in Dollars per share)	`EarningsPerShareBasic`	$-0.09	USD	1 Quarter
Loss per share of common stock - basic and diluted (in Dollars per share)	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter
Loss per share of common stock - basic and diluted (in Dollars per share)	`EarningsPerShareBasic`	$-0.27	USD	3 Qtrs
Loss per share of common stock - basic and diluted (in Dollars per share)	`EarningsPerShareBasic`	$-0.04	USD	3 Qtrs
Weighted average number of shares of common stock outstanding - basic and diluted (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	13.32M	shares	3 Qtrs
Weighted average number of shares of common stock outstanding - basic and diluted (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	13.76M	shares	1 Quarter
Weighted average number of shares of common stock outstanding - basic and diluted (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	10.10M	shares	3 Qtrs
Weighted average number of shares of common stock outstanding - basic and diluted (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	10.25M	shares	1 Quarter

Cash Flow Statement 42 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-3.58M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-84.20K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-245.14K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.32M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-83.65K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.07M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.19M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-412.99K	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	-	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	$904.24K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$223.00	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$122.55K	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$18.57K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-171.54K	USD	3 Qtrs
Contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$18.91K	USD	3 Qtrs
Contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$1.22K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.95M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-393.20K	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.54K	USD	3 Qtrs
Net cash used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.54K	USD	3 Qtrs
Class A common stock subscription proceeds received	`ProceedsFromIssuanceOfCommonStock`	$976.00	USD	3 Qtrs
Class B common stock subscription proceeds received, net	`ProceedsFromIssuanceInitialPublicOffering`	$399.93K	USD	3 Qtrs
Class B common stock subscription proceeds received, net	`ProceedsFromIssuanceInitialPublicOffering`	$6.85M	USD	3 Qtrs
Deferred offering costs	`PaymentsOfFinancingCosts`	$24.53K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$376.37K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$6.85M	USD	3 Qtrs
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-16.83K	USD	3 Qtrs
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$3.88M	USD	3 Qtrs
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$16.90K	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$33.73K	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.02M	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$137.18K	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$16.90K	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$33.73K	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.02M	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$137.18K	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs
Cash paid for interest	`InterestPaidNet`	-	USD	3 Qtrs
Cash paid for interest	`InterestPaidNet`	-	USD	3 Qtrs
Conversion from Class A to Class B common stock	`ConversionFromClassAToClassBCommonStock`	$77.00	USD	3 Qtrs

Stockholders Equity 33 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$43.14K	USD	Point-in-time
Balance	`StockholdersEquity`	$33.94K	USD	Point-in-time
Balance	`StockholdersEquity`	$4.91M	USD	Point-in-time
Balance	`StockholdersEquity`	$113.72K	USD	Point-in-time
Balance	`StockholdersEquity`	$153.78K	USD	Point-in-time
Balance	`StockholdersEquity`	$4.02M	USD	Point-in-time
Balance	`StockholdersEquity`	$5.82M	USD	Point-in-time
Balance	`StockholdersEquity`	$31.05K	USD	Point-in-time
Class B common stock and warrant issued	`StockIssuedDuringPeriodValueStockOptionsExercised`	$6.54M	USD	1 Quarter
Rounding adjustment	`StockIssuedDuringPeriodValueOther`	-	USD	1 Quarter
Class B Common stock issued for restricted stock awards	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$300.31K	USD	1 Quarter
Class B Common stock issued for restricted stock awards	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$200.21K	USD	1 Quarter
Class B Common stock issued for restricted stock awards	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$403.71K	USD	1 Quarter
Class B Common stock issued	`StockIssuedDuringPeriodValueNewIssues`	$174.93K	USD	1 Quarter
Subscription received	`StockIssuedDuringPeriodValueSubscriptionReceived`	$75.00K	USD	1 Quarter
Subscription received	`StockIssuedDuringPeriodValueSubscriptionReceived`	$150.00K	USD	1 Quarter
Subscription received	`StockIssuedDuringPeriodValueSubscriptionReceived`	$976.00	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.58M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-84.20K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-245.14K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.32M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-83.65K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.07M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.19M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-412.99K	USD	3 Qtrs
Balance	`StockholdersEquity`	$43.14K	USD	Point-in-time
Balance	`StockholdersEquity`	$33.94K	USD	Point-in-time
Balance	`StockholdersEquity`	$4.91M	USD	Point-in-time
Balance	`StockholdersEquity`	$113.72K	USD	Point-in-time
Balance	`StockholdersEquity`	$153.78K	USD	Point-in-time
Balance	`StockholdersEquity`	$4.02M	USD	Point-in-time
Balance	`StockholdersEquity`	$5.82M	USD	Point-in-time
Balance	`StockholdersEquity`	$31.05K	USD	Point-in-time

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