FAMILY OFFICE OF AMERICA, INC.: 10-Q filed 2024-05-14

Name: FAMILY OFFICE OF AMERICA, INC.: 10-Q filed 2024-05-14
Creator: FAMILY OFFICE OF AMERICA, INC.

What FAMILY OFFICE OF AMERICA, INC. reported in its quarterly report filed 2024-05-14 (fiscal Q1 2024): 22 published measures, 41 facts as tagged in accession 0001493152-24-019266.

This filing

Form: 10-Q (quarterly report)
Filed: 2024-05-14
Fiscal period: fiscal Q1 2024
Accession: 0001493152-24-019266 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All FAMILY OFFICE OF AMERICA, INC. filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

Period	Value	Unit	Days
At 2024-03-31	90,571	USD
At 2023-12-31	2,431	USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

Period	Value	Unit	Days
At 2024-03-31	29,687	USD
At 2023-12-31	525,387	USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

Period	Value	Unit
At 2024-03-31	60,884	USD
At 2023-12-31	-522,956	USD
At 2023-03-31	161,674	USD
At 2022-12-31	223,954	USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

Period	Value	Unit	Days
2024-01-01 to 2024-03-31	-16,160	USD	91
2023-01-01 to 2023-03-31	-79,811	USD	90

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

Period	Value	Unit	Days
2024-01-01 to 2024-03-31	-11,860	USD	91
2023-01-01 to 2023-03-31	-53,753	USD	90

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

Period	Value	Unit	Days
2024-01-01 to 2024-03-31	100,000	USD	91

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

Period	Value	Unit	Days
At 2024-03-31	-4,446,468	USD
At 2023-12-31	-4,430,308	USD

Basic weighted-average shares

Time-weighted shares used for basic earnings per share. This denominator differs from shares outstanding at a single reporting date.

Period	Value	Unit	Days
2024-01-01 to 2024-03-31	19,725,664	shares	91
2023-01-01 to 2023-03-31	8,475,950	shares	90

Diluted weighted-average shares

Weighted-average shares used for diluted earnings per share. Potential shares are included under the applicable dilution rules, not simply added to outstanding shares.

Period	Value	Unit	Days
2024-01-01 to 2024-03-31	19,725,664	shares	91
2023-01-01 to 2023-03-31	8,475,950	shares	90

Basic earnings per share

Reported earnings or loss per basic common share or unit. Inspect attribution, share classes and restatements before comparing periods. This is not a market return.

Period	Value	Unit	Days
2024-01-01 to 2024-03-31	0	USD/shares	91
2023-01-01 to 2023-03-31	-0.01	USD/shares	90

Diluted earnings per share

Reported earnings or loss per share under dilution rules. Antidilutive instruments may be excluded. A diluted value can equal the basic value without implying no potential dilution.

Period	Value	Unit	Days
2024-01-01 to 2024-03-31	0	USD/shares	91
2023-01-01 to 2023-03-31	-0.01	USD/shares	90

Operating income or loss

Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.

Period	Value	Unit	Days
2024-01-01 to 2024-03-31	-16,160	USD	91
2023-01-01 to 2023-03-31	-79,811	USD	90

Current assets

Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.

Period	Value	Unit	Days
At 2024-03-31	90,571	USD
At 2023-12-31	2,431	USD

Current liabilities

Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.

Period	Value	Unit	Days
At 2024-03-31	29,687	USD
At 2023-12-31	525,387	USD

Operating expenses

Recurring operating costs under this accounting concept, generally excluding production costs included in cost of sales. Check filing presentation before combining expense subtotals.

Period	Value	Unit	Days
2024-01-01 to 2024-03-31	16,160	USD	91
2023-01-01 to 2023-03-31	79,811	USD	90

Research and development expense

Research and development costs recognized as expense. Capitalization policies and acquired projects can make this differ from total cash invested in development.

Period	Value	Unit	Days
2023-01-01 to 2023-03-31	1,500	USD	90

Common shares outstanding

Common shares outstanding at the reporting date. This point-in-time count differs from the weighted-average shares used for earnings per share and can exclude other share classes.

Period	Value	Unit	Days
At 2024-03-31	20,439,950	shares
At 2023-12-31	8,439,950	shares

Additional paid-in capital

Capital contributed above par value under this concept. It records historical contributions, not the current value of the equity or cash on hand.

Period	Value	Unit	Days
At 2024-03-31	4,486,912	USD
At 2023-12-31	3,898,912	USD

Accrued current liabilities

Current obligations accrued for goods and services received but not yet invoiced or paid. This is one component of current liabilities, not all short-term obligations.

Period	Value	Unit	Days
At 2023-12-31	41,403	USD

General and administrative expense

General and administrative costs reported under this concept, separate from selling expense. Filers group overhead differently, so compare presentation before comparing companies.

Period	Value	Unit	Days
2024-01-01 to 2024-03-31	16,160	USD	91
2023-01-01 to 2023-03-31	78,311	USD	90

Depreciation expense

Depreciation recognized for the period under this concept. It is a noncash allocation of asset cost and may exclude amortization and depletion reported elsewhere.

Period	Value	Unit	Days
2023-01-01 to 2023-03-31	4,275	USD	90

Proceeds from issuing common stock

Cash received from issuing common stock during the period. It is gross of costs only where the filer reports it so, and it does not include noncash issuances.

Period	Value	Unit	Days
2024-01-01 to 2024-03-31	100,000	USD	91

Inspect the source

Entity: FAMILY OFFICE OF AMERICA, INC. / CIK 0001871181
Captured: 2026-09-21T17:34:05.548Z
SEC response SHA-256: 9dedbbde62eeb89f053ff297094c12c5584dd5cf959bbdbe3c5480c6f1daa4af

Current SEC company facts · Download the original response snapshot (gzip) · Download the selected JSON

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import json
from urllib.request import urlopen

with urlopen("https://canlicapital.com/company-data/0001871181.json") as response:
    record = json.load(response)
print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
    print(concept["tag"], next(iter(concept["observations"])))