HSTC 10-Q

HST Global, Inc. (HSTC)

10-Q 2024-08-26 For: 2024-06-30

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Added on April 07, 2026

Nevada	73-1215433
(State or other jurisdiction of incorporation or organization)	(I. R. S. Employer Identification No.)

509 Old Great Neck Road , Suite 105 Virginia Beach , VA	23454
(Address of principal executive offices)	(Zip Code)

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
None		None

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.		Yes [x] No [ ]
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).		Yes [x] No [ ]
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
Large accelerated filer [ ]	Accelerated filer [ ]
Non-accelerated filer [x]	Smaller reporting company [x]
	Emerging growth Company [x]
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act		[ ]
Indicate by check mark whether the registrant is a shell company (as defined in rule 12b-2 of the Exchange Act).		Yes [ ] No [x]
The number of shares of the registrant’s common stock outstanding as of August 20, 2024 was		41,561,226

PART I	FINANCIAL INFORMATION	4
Item 1.	Financial Statements	4
	Condensed Balance Sheets (unaudited)	4
	Condensed Statements of Operations (unaudited)	5
	Condensed Statements of Stockholders’ Deficit (unaudited)	6
	Condensed Statements of Cash Flow (unaudited)	7
	Notes to Condensed Financial Statements (unaudited)	8
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	12
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	14
Item 4.	Controls and Procedures	14
PART II	OTHER INFORMATION	15
Item 1.	Legal Proceedings	15
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	15
Item 3.	Default Upon Senior Securities	15
Item 4.	Mine Safety Disclosures	15
Item 5.	Other Information	15
Item 6.	Exhibits	15
Signatures		15

	At June 30, 2024	At December 31, 2023
	(Unaudited)
ASSETS

Current Assets
Cash and cash equivalents	`$5,155`	`$1,526`
Total Current Assets	`5,155`	`1,526`

Total Assets	`$5,155`	`$1,526`

LIABILITIES AND STOCKHOLDERS' DEFICIT

Current Liabilities
Accounts payable and accrued expenses	`$1,350`	`$2,275`
Accounts payable and accrued expenses - related parties	`-`	`480,000`
Loans or advances from related party	`21,600`	`98,319`
Accrued related party interest	`84`	`12,999`
Total Current Liabilities	`23,034`	`593,593`
Total Liabilities	`23,034`	`593,593`

Stockholders' Deficit
Preferred stock; 10,000,000 shares authorized, at $0.001 par value, no shares issued and outstanding as of June 30, 2024 and December 31, 2023	`-`	`-`
Common stock; 200,000,000 shares authorized, at $0.001 par value, 41,561,226 and 5,248,582 shares issued and outstanding as of June 30, 2024 and December 31, 2023	`41,560`	`5,248`
Additional paid-in capital	`6,005,929`	`5,417,236`
Accumulated deficit	`(6,065,368)`	`(6,014,551)`
Total Stockholders' Deficit	`(17,879)`	`(592,067)`
Total Liabilities and Stockholders' Deficit	`$5,155`	`$1,526`

	For the Three Months Ended June 30, 2024	For the Three Months Ended June 30, 2023	For the Six Months Ended June 30, 2024	For the Six Months Ended June 30, 2023
REVENUES	`$-`	`$-`	`$-`	`$-`

OPERATING EXPENSES
Consulting, related party	`-`	`30,000`	`30,000`	`60,000`
General and administrative	`16,556`	`2,990`	`19,244`	`11,065`

Total Operating Expenses	`16,556`	`32,990`	`49,244`	`71,065`

Loss from Operations	`(16,556)`	`(32,990)`	`(49,244)`	`(71,065)`

OTHER INCOME (EXPENSE)

Interest expense	`(84)`	`(1,305)`	`(1,573)`	`(2,516)`

Total Other Expense	`(84)`	`(1,305)`	`(1,573)`	`(2,516)`

Loss Before Income Taxes	`(16,640)`	`(34,295)`	`(50,817)`	`(73,581)`
Provision for Income Taxes	`-`	`-`	`-`	`-`
NET LOSS	`$(16,640)`	`$(34,295)`	`$(50,817)`	`$(73,581)`

Basic and Diluted Loss Per Share	`$(0.00)`	`$(0.01)`	`$(0.00)`	`$(0.01)`

Basic and Diluted Weighted Average Number of Common Shares Outstanding	`31,984,264`	`5,248,582`	`15,090,838`	`5,248,582`

	Preferred Stock		Common Stock		Additional Paid-in	Accumulated	Total Stockholder’s
	Shares	Amount	Shares	Amount	Capital	Deficit	Deficit

Balance, December 31, 2022	`-`	`-`	5,248,582	`$5,248`	`$5,417,236`	`($5,868,341)`	`($445,857)`
Net loss	`-`	`-`	`-`	`-`	`-`	`($73,581)`	`($73,581)`
Balance, June 30, 2023	`-`	`-`	5,248,582	`$5,248`	`$5,417,236`	`($5,941,922)`	`($519,438)`

Balance, December 31, 2023	`-`	`-`	5,248,582	`$5,248`	`$5,417,236`	`($6,014,551)`	`($592,067)`
Reorganization Shares Issued			`36,312,644`	`36,312`	`588,693`	`-`	`625,005`
Net loss	`-`	`-`	`-`	`-`	`-`	`($50,817)`	`($50,817)`
Balance, June 30, 2024	`-`	`-`	41,561,226	`$41,560`	`$6,005,929`	`($6,065,368)`	`($17,879)`

	For the Six Months Ended June 30, 2024	For the Six Months Ended June 30, 2023
Operating Activities
Net loss	`$(50,817)`	`$(73,581)`
Adjustments to reconcile net loss to net cash used in operating activities:
Expenses paid directly by related party formalized as LOC	`5,800`	`-`
Changes in operating assets and liabilities:
Accounts payable and accrued expenses	`29,273`	`60,000`
Accrued related party interest	`1,573`	`2,517`
Net Cash Used in Operating Activities	`(14,171)`	`(11,064)`

Investing Activities
Net Cash Used in Investing Activities	`-`	`-`

Financing Activities
Proceeds from loans or advances from related party	`17,800`	`13,194`
Net Cash Provided by Financing Activities	`17,800`	`13,194`

Net Change in Cash and Cash Equivalents	`3,629`	`2,130`

Cash and Cash Equivalents at Beginning of Period	`1,526`	`190`

Cash and Cash Equivalents at End of Period	`$5,155`	`$2,320`

Supplemental Disclosures of Cash Flow Information:

Cash paid for interest	`$-`	`$-`
Cash paid for taxes	`$-`	`$-`

Non Cash Activities:
Reorganization of Capital Structure	`$625,005`	`$-`
Expenses Paid Directly by Related Party Formalized as LOC	`$5,800`	`$-`


Name	Positions and Offices

Mike Field Jason Murphy	President, Acting CFO and Director Vice President, CEO, Secretary and Director

Exhibit No.		Description
31.1		Certification by the Chief Executive Officer of Competitive Technologies, Inc. pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (Rule 13a-14(a) or Rule 15d-14(a)).
31.2		Certification by the Chief Financial Officer of Competitive Technologies, Inc. pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (Rule 13a-14(a) or Rule 15d-14(a)).
32.1		Certification by the Chief Executive Officer of Competitive Technologies, Inc. pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (18 U.S.C. 1350).
32.2		Certification by the Chief Financial Officer of Competitive Technologies, Inc. pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (18 U.S.C. 1350).
101		Interactive Data Files

Dated: August 23, 2024	HST GLOBAL, INC.
	(the registrant)

	By:	\s\ Mike Field
	Mike Field
	President
	Acting Chief Financial Officer