AGLY 10-K & 10-Q changes, risk factors and insider trading
Atlantis Glory Inc. · OTC · Services-Management Consulting Services · CIK 1673504 · All filings on SEC.gov
At a glance
What changed in the latest 10-K
Risk Factors
No wording changes found in this section.
Full comparison: every changed paragraph (0)
Management's Discussion & Analysis (MD&A)
New heading “Critical Accounting Policies and Estimates”
Largest changes
“The independent registered public accounting firm auditors’ report accompanying our December 31, 2024 financial statements contained an explanatory paragraph expressing substantial doubt about our ability to continue as a going concern. The financial statements have been prepared “assuming that the Company will continue as a going concern” which contemplates that we will realize our assets and satisfy our liabilities and commitments in the ordinary course of business.”see in full comparison
“Our management’s discussion and analysis of our financial condition and results of operations is based on our financial statements, which have been prepared in accordance with U.S. generally accepted accounting principles, or “GAAP.” The preparation of these financial statements requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the reported period. …”see in full comparison
“Our significant accounting policies are fully described in Note 3 to our financial statements appearing elsewhere in this Annual Report, and we believe those accounting policies are critical to the process of making significant judgments and estimates in the preparation of our financial statements.”see in full comparison
Full comparison: every changed paragraph (5)
Critical Accounting Policies and Estimates
Our management’s discussion and analysis of our financial condition and results of operations is based on our financial statements, which have been prepared in accordance with U.S. generally accepted accounting principles, or “GAAP.” The preparation of these financial statements requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the reported period. In accordance with GAAP, we base our estimates on historical experience and on various other assumptions that we believe are reasonable under the circumstances. Actual results may differ from these estimates under different assumptions or conditions.
Our significant accounting policies are fully described in Note 3 to our financial statements appearing elsewhere in this Annual Report, and we believe those accounting policies are critical to the process of making significant judgments and estimates in the preparation of our financial statements.
Going
Concern
The
independent registered public accounting firm auditors’ report accompanying our December 31, 2024 financial statements contained
an explanatory paragraph expressing substantial doubt about our ability to continue as a going concern. The financial statements have
been prepared “assuming that the Company will continue as a going concern” which contemplates that we will realize our assets
and satisfy our liabilities and commitments in the ordinary course of business.
What changed in the latest 10-Q
Risk Factors
Reference is made to the risks and uncertainties disclosed in Item 1A (“Risk Factors”) of our Annual Report on Form 10-K for the year ended December 31, 2025 filed March 6, 2026 which sections are incorporated by reference into this report, as the same may be updated from time to time. Prospective investors are encouraged to consider the risks described in our 2025 Form 10-K, and our Management’s Discussion and Analysis of Financial Conditions and Results of Operations contained in this Report and other information publicly disclosed or contained in documents we file with the Securities and Exchange Commission before purchasing our securities.
As a smaller reporting company, the Company is not required to disclose material changes to the risk factors that were contained in the 2025 Form 10-K.
No wording changes found in this section.
Full comparison: every changed paragraph (0)
Management's Discussion & Analysis (MD&A)
New heading “Comparison of the six months ended June 30, 2026 and 2025”
New heading “Operating Expenses”
Largest changes
“Our general and administrative expenses increased from $16,179 for the six months ended June 30, 2025 to $16,802 for the six months ended June 30, 2026. The professional fees during both periods are more or less the same.”see in full comparison
“Our net loss increased from $16,179 for the six months ended June 30, 2025 to $16,802 for the six months ended June 30, 2026. The professional fees during both periods are more or less the same.”see in full comparison
Since the inception of the Company, we have incurred significant net losses and negative cash flows from operations. During thesee in full comparisonthreesix months endedMarchJune31,30, 2026 and 2025, we had net losses of$9,227$16,802 and$8,954,$16,179, respectively. As ofMarchJune31,30, 2026, we had an accumulated deficit of$1,155,634.$1,163,209. As discussed in our financial statements for thethreesix months endedMarchJune31,30, 2026, these factors raise substantial doubt about our ability to continue as a going concern.
Our general and administrative expenses increased fromsee in full comparison$8,954$7,225 for the three months endedMarchJune31,30, 2025 to$9,227$7,575 for the three months endedMarchJune31,30, 2026. The professional fees during both periods are more or less the same.
Full comparison: every changed paragraph (18)
The
following summary of our results of operations should be read in conjunction with our financial statements for the threesix months ended June
March 31,30, 2026 and 2025, which are included herein.
Our
operating results for the three months ended MarchJune 31,30, 2026 and 2025, and the changes between those periods for the respective items are
are summarized as follows:
Comparison
of the three months ended MarchJune 31,30, 2026 and 2025
Revenues
were $0 for the three months ended MarchJune 31,30, 2026 and 2025.
Our
general and administrative expenses increased from $8,954$7,225 for the three months ended MarchJune 31,30, 2025 to $9,227$7,575 for the three months ended
MarchJune 31,30, 2026. The professional fees during both periods are more or less the same.
Our
net loss increased from $8,954$7,225 for the three months ended MarchJune 31,30, 2025 to $9,227$7,575 for the three months ended MarchJune 31,30, 2026. The professional
fees during both periods are more or less the same.
Comparison of the six months ended June 30, 2026 and 2025
Revenues
Revenues were $0 for the six months ended June 30, 2026 and 2025.
Operating Expenses
Our general and administrative expenses increased from $16,179 for the six months ended June 30, 2025 to $16,802 for the six months ended June 30, 2026. The professional fees during both periods are more or less the same.
Net Loss
Our net loss increased from $16,179 for the six months ended June 30, 2025 to $16,802 for the six months ended June 30, 2026. The professional fees during both periods are more or less the same.
Since
the inception of the Company, we have incurred significant net losses and negative cash flows from operations. During the threesix months
ended MarchJune 31,30, 2026 and 2025, we had net losses of $9,227$16,802 and $8,954,$16,179, respectively. As of MarchJune 31,30, 2026, we had an accumulated deficit
of $1,155,634.$1,163,209. As discussed in our financial statements for the threesix months ended MarchJune 31,30, 2026, these factors raise substantial doubt
about our ability to continue as a going concern.
As
of MarchJune 31,30, 2026, we had cash and cash equivalents of $0. To date, we have financed our operations principally through borrowings from
our related parties. Depending on our future operational results, we may need to conduct one or more equity or debt financings within
the next 12 months.
Net
cash used in operating activities for the threesix months ended MarchJune 31,30, 2026 and 2025 were $18,347$23,122 and $12,954,$13,204, respectively.
Net
cash used in investing activities for the threesix months ended MarchJune 31,30, 2026 and 2025 were $0.
Net
cash provided by financing activities for the threesix months ended MarchJune 31,30, 2026 and 2025 were $18,347$23,122 and $12,954,$13,204, respectively.
AGLY insider buying and selling (Form 4)
Since 2026-04-11, insiders reported open-market purchases in 0 Form 4 filings and open-market sales in 0 filings. Totals add up every open-market (code P and S) line in those filings, using the prices reported in the filings. Awards, option exercises, tax withholding and gifts are listed below but not counted.
No Form 4 stock transactions in this period.
Well-known investors holding AGLY (13F)
None of the 59 investors we track reported a position in their latest 13F.