LUCN 10-K & 10-Q changes, risk factors and insider trading
Lucent, Inc. · OTC · Services-Business Services, Nec · CIK 1726079 · All filings on SEC.gov
At a glance
What changed in the latest 10-K
Risk Factors
We are a smaller reporting company as defined by Rule 12b-2 of the Exchange Act and are not required to provide the information under this item.
No wording changes found in this section.
Full comparison: every changed paragraph (0)
Management's Discussion & Analysis (MD&A)
The following discussion of our financial condition and results of operations should be read in conjunction with our financial statements and the related notes, and other financial information contained in this prospectus.
Removed heading “Plan of Operations”
Removed heading “Comparison of the years ended December 31, 2023 and 2022”
Removed heading “Lack of Revenues”
Removed heading “Operating Expenses”
Removed heading “Liquidity and Capital Resources”
Removed heading “Cash flows from operating activities”
Removed heading “Cash flows from financing activities”
Removed heading “Cash Requirements”
Removed heading “Off-Balance Sheet Arrangements”
Largest changes
“The future of our company is dependent upon its ability to obtain financing and upon future profitable operations from the sale of products and services through our websites. Management has plans to seek additional capital through a private placement and public offering of its common stock, if necessary. Our auditors have expressed a going concern opinion which raises substantial doubts about the Issuers ability to continue as a going concern.”see in full comparison
Full comparison: every changed paragraph (28)
Going Concern
The future of our company is dependent upon its ability to obtain financing and upon future profitable operations from the sale of products and services through our websites. Management has plans to seek additional capital through a private placement and public offering of its common stock, if necessary. Our auditors have expressed a going concern opinion which raises substantial doubts about the Issuers ability to continue as a going concern.
Plan of Operations
As discussed above we have not yet operated pursuant to our business plan. We have generated no revenue in December 31, 2023 and 2022.
Comparison of the years ended December 31, 2023 and 2022
Lack of Revenues
We have limited operational history. During the year ended December 31, 2023 and 2022 we have not generated any revenue. We anticipate that we will incur substantial losses for the foreseeable future and our ability to generate any revenues in the next 12 months continues to be uncertain.
Operating Expenses
The Company’s operating expenses for the year ended December 31, 2023 and 2022 were $15,345 and $15,000 respectively. Operating expenses for the year ended December 31, 2023 consisted of professional fees of $7,275 and general and administrative expenses of $8,070. Operating expenses for the year ended December 2022 consisted of professional fees of $7,000 and general and administrative expenses of $8,000.
Net Loss
During the year ended December 31, 2023 and 2022 the Company recognized net losses of $15,345 and $15,000.
Liquidity and Capital Resources
Our capital resources have been acquired through the sale of shares of our common stock and loans from shareholders and third parties.
At December 31, 2023 and 2022, we had total assets of $0.
At December 31, 2023 and 2022, our total liabilities were $33,065 and $17,720 respectively.
Cash flows from operating activities
Net cash used in operating activities was ($9,550) for the year ended December 31, 2023 and ($13,880) for the year ended December 2022
Cash flows from financing activities
Net cash provided by financing activities was $9,550 for the year ended December 31, 2023 and $5,800 for the year ended December 2022
Cash Requirements
We intend to propagative funding for our activities, if any, through a combination of the private placement of the company’s equity securities and the public sales of equity securities.
We have no agreement, commitment or understanding to secure any funding from any source.
Off-Balance Sheet Arrangements
We do not have any off balance sheet arrangements.
Tipmefast, inc. has never been in bankruptcy or receivership.
Office
Tipmefast, inc. executive office is located at HaShmura St. 1, ZihronYa’akov, Isreal,. The telephone number is 972-373-70057.
Tipmefast, inc. is not operating its business plan until such time as capital is raised for operations. To date its operation has involved only selling stock to meet expenses.
What changed in the latest 10-Q
Risk Factors
As a smaller reporting company (as defined in Rule 12b-2 of the Exchange Act), we are not required to provide the information called for by this Item 1A.
No wording changes found in this section.
Full comparison: every changed paragraph (0)
Management's Discussion & Analysis (MD&A)
Removed heading “Overview for the three months ended September 30, 2024, and 2023”
Removed heading “Operating Expenses”
Removed heading “Overview for the nine months ended September 30, 2024, and 2023”
Removed heading “Operating Expenses”
Largest changes
“Our independent registered public accounting firm has expressed a going concern opinion which raises substantial doubts about our ability to continue as a going concern, due to the limited nature of the Company’s operations to date, the Company does not believe that past performance is any indication of future performance. The impact on the Company’s revenues of recognized trends and uncertainties in our market will not be recognized until such time as the Company has had sufficient operations to provide a baseline.”see in full comparison
“Overview for the three months ended September 30, 2024, and 2023”see in full comparison
“Overview for the nine months ended September 30, 2024, and 2023”see in full comparison
“The Company’s projected capital needs and its projected increase in expenses are based upon the Company’s projected roll-out of generating sites over the coming twelve months, however, in the event that the full offering proceeds are not raised, the Company would roll-out new of generating sites at a slower pace and/or focus its energies on the refinement of existing sites to maximum their productivity. The Company’s success does not depend on a scheduled roll-out and therefore it has flexibility to scale back its expenses to meet actual income.”see in full comparison
Full comparison: every changed paragraph (18)
As of March 31, 2025, the Company has $102,677,069 in total assets.
As of September 30, 2024, the Company has $0 in total assets. As of September 30, 2024, the Company has $55,238 in liabilities and an accumulated deficit of $141,253. As of December 31, 2023, the Company has $0 in total assets. As of December 31, 2023, the Company has $33,065 in liabilities and an accumulated deficit of $119,080.
Net cash used in operating activities for the nine months period ended September 30, 2024 and 2023 was $16,368 and $7,150 respectively. Cash flows from financing activities for the nine months period ended September 30, 2024 and 2023 was $16,368 and $7,150 respectively.
We have no material commitments for the next twelve months. We will however require additional capital to meet our liquidity needs. Currently, the Company has determined that its anticipated monthly cash flow needs should not exceed of $6,000 per month for the remaining months of 2024.
It is anticipated that the app can be completed and operational in approximately 6 months and a full marketing campaign in place within 3 months after that. In the event that the full proceeds of the offering are not raised, the timing of the rollout will be slowed as discussed above in Business.
The Company’s projected capital needs and its projected increase in expenses are based upon the Company’s projected roll-out of generating sites over the coming twelve months, however, in the event that the full offering proceeds are not raised, the Company would roll-out new of generating sites at a slower pace and/or focus its energies on the refinement of existing sites to maximum their productivity. The Company’s success does not depend on a scheduled roll-out and therefore it has flexibility to scale back its expenses to meet actual income.
It is anticipated that the Company will receive increasing revenues from operations in the coming year,yea. however, since the Company has not earned any revenues to date, it is difficult to anticipate what those revenues might be, if any, and therefore, managementManagement has assumed for planning purposes only that it may need to sell common stock, take loans or advances from officers, directors or shareholders or enter into debt financing agreements in order to meet our cash needs over the coming twelve months. The Issuer has no agreements or understandings for any of the above-listed financing options.
We have limited operational history. For the ninethree months ended SeptemberMarch 30, 2024, and 202331 we did not generate any revenues. We anticipate that we will incur substantial losses for the foreseeable future and our ability to generate any revenues in the next 12 months continues to be uncertain.
Overview for the three months ended September 30, 2024, and 2023
Operating Expenses
The Company’s operating expenses for the three months ended September 30, 2024, and 2023 were $6,352 and $3,800 respectively. Operating expenses consisted of professional fees $4,300 and general and administrative expenses $2,052 for the three months ended September 30, 2024. Operating expenses consisted of professional fees $1,800 and general and administrative expenses $2,000 for the three months ended September 30, 2023.
Overview for the nine months ended September 30, 2024, and 2023
Operating Expenses
The Company’s operating expenses for the nine months ended September 30, 2024, and 2023 were $22,173 and $10,850 respectively. Operating expenses consisted of professional fees $15,080 and general and administrative expenses $7,093 for the nine months ended September 30, 2024. Operating expenses consisted of professional fees $4,850 and general and administrative expenses $6,000 for the nine months ended September 30, 2023.
Net Loss
During the nine months ended September 30, 2024 and 2023 the Company incurred a net loss of $22,173 and $10,850 respectively.
The Company recorded a cumulative net loss of $141,253 for the period from inception on December 5, 2017 to September 30, 2024.
Our independent registered public accounting firm has expressed a going concern opinion which raises substantial doubts about our ability to continue as a going concern, due to the limited nature of the Company’s operations to date, the Company does not believe that past performance is any indication of future performance. The impact on the Company’s revenues of recognized trends and uncertainties in our market will not be recognized until such time as the Company has had sufficient operations to provide a baseline.
LUCN 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 LUCN (13F)
None of the 59 investors we track reported a position in their latest 13F.