$GGBY

Alpha Investment Inc.

CIK:0001616736|SEC Filings

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income:
Sales/Revenue	$ 0	$ 0
Total Income	0	0
General and Administrative Expenses:
Management fee - related party	37,500	37,500
Administrative expenses	32,385	25,023
Professional fees	37,000	32,677
Total General and Administrative Expenses	106,885	95,200
Loss from Operations	(106,885)	(95,200)
Other Income/Expense:
Other revenue	1,650	0
Judgment payable		(144,147)
Interest expense, net	(10,238)	(10,238)
Total Other Expense	(8,588)	(154,385)
Net Loss	(115,473)	(249,584)
Amortization of discounts on Series 2018 preferred stock and redeemable common stock	(5,922)	(5,922)
Net Loss Attributable to Common Stockholders	$ (121,395)	$ (255,506)
Basic and Diluted Loss Per Share	$ (0.01)	$ (0.03)
Basic and Diluted Weighted Average Number of Common Shares Outstanding	11,224,401	9,724,401

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Cash Flows from Operating Activities:
Net loss	$ (115,473)	$ (249,584)
Changes in operating assets and liabilities:
Increase in interest receivable
Increase in accrued management fees - related party	37,500	37,500
Decrease in accounts payable and accrued expenses	39,909	49,450
Increase in notes payable-short term	3,675	3,675
Increase in notes payable - related party	6,563	6,562
Increase in judgments & settlements payable		144,147
Net cash used in operating activities	(27,827)	(8,250)
Cash Flows from Investing Activities:
Net cash from investing activities
Cash Flows from Financing Activities:
Proceeds from stockholder contribution	28,110	8,250
Net cash provided by (used in) financing activities	28,110	8,250
Net increase (decrease) in cash	283
Cash and restricted cash at beginning of quarter	14
Cash and restricted cash at end of quarter	297
Supplemental Disclosure of Cash Flow Information:
Interest
Income Taxes
Schedule of Non-Cash Investing and Financing Activities:
Distribution due to non-controlling interest	30,000	30,000
Amortization of discount on redeemable preferred stock	$ 5,922	$ 5,922

Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Current Assets:
Cash	$ 297	$ 14
Total Current Assets	297	14
TOTAL ASSETS	297	14
Current Liabilities:
Accounts payable	787,681	747,771
Accrued management fees - related party	637,500	600,000
Distribution payable	610,000	580,000
Notes payable - short-term	57,654	53,979
Notes payable - related party	264,559	257,996
Judgments and settlements payable	2,662,147	2,662,147
Total Current Liabilities	5,019,540	4,901,894
Total Liabilities	5,019,440	4,901,894
Temporary Equity:
Series 2018 Convertible Preferred Stock ($0.0001 par value), net of discounts of $86,871 and $92,793, respectively, 100,000 shares authorized; 36,667 shares issued and outstanding (liquidation value: $500,000) (See Note 8)	463,708	457,786
Temporary Equity, net	463,708	457,786
Stockholders' Equity:
Common stock, ($0.0001 par value), 100,000,000 shares authorized; 11,224,401 and 11,224,401 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively	1,123	1,123
Additional paid-in capital	6,073,400	6,045,290
Accumulated deficit	(11,056,477)	(10,935,082)
Total Equity	(4,964,439)	(4,871,154)
Non-controlling interest in variable interest entities	(518,512)	(488,512)
Total Stockholders' Equity	(5,482,951)	(5,359,666)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	297	14
Series A Convertible Preferred Stock
Stockholders' Equity:
Preferred stock ($0.0001 par value), 20,000,000 shares	17,505	17,505
Series AA Convertible Preferred Stock
Stockholders' Equity:
Preferred stock ($0.0001 par value), 20,000,000 shares	$ 10	$ 10