10-Q

Lucent, Inc. (LUCN)

10-Q 2024-08-14 For: 2024-06-30
View Original
Added on April 08, 2026

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the Quarterly Period Ended June 30, 2024

OR

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Commission File Number 000-56347

TIPMEFAST, INC.

(Name of Small Business Issuer in its charter)

Nevada 7373 83-4057513
(State or Other Jurisdiction of<br><br><br>Incorporation or Organization) (Primary Standard Industrial<br><br><br>Classification Number) (IRS Employer<br><br><br>Identification Number)

Raid Chalil

HaShnura St 1

Zihron Ya’akow, Israel 30950

972-373-70057

(Address, including zip code, and telephone number, including area code, of registrant’s principal executive offices)

Byron Thomas, Esq.

3275 S. Jones, Blvd., Ste 104

Las Vegas Nevada 89146

702-747-3103

(Name, address, including zip code, and telephone number, including area code, of agent for service)

Copies to:

Byron Thomas, Esq.

3275 S. Jones, Blvd., Ste 104

Las Vegas Nevada 89146

702 747-3103

Securities registered pursuant to Section 12(b) of the Act:

Tile of each class Trading Symbol(s) Name of each exchange on which registered
N/A N/A N/A

Indicate by check mark whether the registrant (1) has filed all reports 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 ☒  No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☐  No ☒


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Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an 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 Smaller reporting company
Emerging growth company

If an emerging growth company, indicate by checkmark 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 Act): Yes ☐  No ☒

As of August 14, 2024, the Company had 5,600,000 outstanding shares of common stock.


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TIPMEFAST, INC.

TABLE OF CONTENTS

PART I - FINANCIAL INFORMATION 1
Item 1. Financial Statements 1
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations. 13
Item 3. Quantitative and Qualitative Disclosures about Market Risk. 15
Item 4. Controls and Procedures. 15
PART II - OTHER INFORMATION 16
Item 1. Legal Proceedings. 16
Item 1A. Risk Factors 16
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds. 16
Item 3. Defaults Upon Senior Securities. 16
Item 4. Mine Safety Disclosures. 16
Item 5. Other Information. 16
Item 6. Exhibits 16
SIGNATURES 17

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PART I - FINANCIAL INFORMATION

Item 1. Financial Statements

TIPMEFAST, INC.

INDEX TO UNAUDITED FINANCIAL STATEMENTS Page
Balance Sheets at June 30, 2024 (Unaudited) and December 31, 2023 2
Statement of Operations for the three and six months period ended June 30, 2024 and 2023 (Unaudited) 3
Statement of Stockholders’ Deficit for the three and six months ended June 30, 2024 and 2023 (Unaudited) 4
Statement of Cash Flows for the six months period ended June 30, 2024 and 2023 (Unaudited) 5
Notes to Financial Statements (Unaudited) 6

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TIPMEFAST, INC.

Balance Sheets

December 31,<br><br><br>2023
ASSETS
Current Assets
Cash - $ -
Total Current Assets - -
Total Assets - $ -
LIABILITIES AND STOCKHOLDERS’ DEFICIT
Liabilities
Current Liabilities
Account Payable 20,220 $ 16,715
Total Current Liabilities 20,220 16,715
Non-Current Liabilities
Due to Related Party 28,666 16,350
Total Non-Current Liabilities 28,666 16,350
Total Liabilities 48,886 $ 33,065
STOCKHOLDERS’ DEFICIT
Common stock; 0.001 par value, 75,000,000<br>shares authorized; 5,600,000 shares issued<br>and outstanding as of June 30, 2024 and<br>December 31, 2023 5,600 5,600
Additional Paid-in Capital 80,415 80,415
Accumulated Deficit (134,901) (119,080)
Total Stockholders’ Deficit (48,886) (33,065)
Total Liabilities and Stockholders’ Deficit - $ -

All values are in US Dollars.

The accompanying notes are an integral part of these unaudited financial statements.


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TIPMEFAST, INC.

Statements of Operations

(Unaudited)

For the Three Ended<br><br><br>June 30, For the Six Ended<br><br><br>June 30,
2024 2023 2024 2023
REVENUES $ - $ - $ - $ -
EXPENSES
General and Administrative Expenses 2,205 2,000 5,041 4,000
Professional Fees 6,400 1,800 10,780 3,050
Total Expenses 8,605 3,800 15,821 7,050
Total other income (expense) - - - -
Net Loss $ (8,605) $ (3,800) $ (15,821) $ (7,050)
Net Loss per Common Share - Basic $ (0.00) $ (0.00) $ (0.00) $ (0.00)
Weighted Average Common Shares Outstanding- Basic 5,600,000 5,600,000 5,600,000 5,600,000

The accompanying notes are an integral part of these unaudited financial statements.


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TIPMEFAST, INC.

Statement of Stockholders’ Deficit

(Unaudited)

For the three and six months ended June 30, 2023

Common Stock
Shares Amount Additional<br><br><br>Paid-in<br><br><br>Capital Accumulated<br><br><br>Deficit Total<br><br><br>Stockholders’<br><br><br>Deficit
Balance at December 31, 2022 5,600,000 $ 5,600 $ 80,415 $ (103,735) $ (17,720)
Net Loss for the Period - - - (3,250) (3,250)
Balance at March, 2023 5,600,000 $ 5,600 $ 80,415 $ (106,985) $ (20,970)
Balance at April 1, 2023 5,600,000 $ 5,600 $ 80,415 $ (106,985) $ (20,970)
Net Loss for the Period - - - (3,800) (3,800)
Balance at June 30, 2023 5,600,000 $ 5,600 $ 80,415 $ (110,785) $ (24,770)

For the three and six months ended June 30, 2024

Common Stock
Shares Amount Additional<br><br><br>Paid-in<br><br><br>Capital Accumulated<br><br><br>Deficit Total<br><br><br>Stockholders’<br><br><br>Deficit
Balance at December 31, 2023 5,600,000 $ 5,600 $ 80,415 $ (119,080) $ (33,065)
Net Loss for the Period - - - (7,216) (7,216)
Balance at March 31, 2024 5,600,000 $ 5,600 $ 80,415 $ (126,296) $ (40,281)
Balance at April 1, 2024 5,600,000 $ 5,600 $ 80,415 $ (126,296) $ (40,281)
Net Loss for the Period - - - (8,605) (8,605)
Balance at June 30, 2024 5,600,000 $ 5,600 $ 80,415 $ (134,901) $ (48,886)

The accompanying notes are an integral part of these unaudited financial statements.


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TIPMEFAST, INC.

Statements of Cash Flows

For the Six Months Ended<br><br><br>June 30,
2024 2023
Cash Flows from Operating Activities:
Net Loss $ (15,821) $ (7,050)
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities
Increase in Accounts Payable 3,505 1,400
Net Cash Used in Operating Activities (12,316) (5,650)
Cash Flows from Investing Activities:
Net Cash Provided by Investing Activities - -
Cash Flows from Financing Activities:
Proceeds from related party 12,316 5,650
Net Cash Provided by Financing Activities 12,316 5,650
Net Increase in Cash, Cash Equivalents, and Restricted Cash - -
Cash, Cash Equivalents, and Restricted Cash at Beginning of Year - -
Cash, Cash Equivalents, and Restricted Cash at End of Year $ - $ -
Supplemental Cash Flow Information:
Interest Paid in Cash $ - $ -
Income Taxes paid in Cash $ - $ -

The accompanying notes are an integral part of these unaudited financial statements.


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TIPMEFAST, INC.

Notes to the Unaudited Financial Statements

June 30, 2024

NOTE 1 - ORGANIZATION AND NATURE OF BUSINESS

TipMeFast, Inc.  (“the Company”, “we”, “us” or “our”) was incorporated on December 5, 2017 in the State of Nevada. The Company was created to be the simplest way to get paid or pay anyone from a mobile device. With this application you can pay a bartender, barista, server, musician, valet attendant, concierge, traveling pet groomer, nail technician or pool service but have no cash. The Company is a solution to pay and to get paid without exchanging personal information.

Our executive offices are located at HaShmura St. 1, ZihronYa’akov, Israel.

NOTE 2 - GOING CONCERN

The accompanying financial statements have been prepared in conformity with generally accepted accounting principles, which contemplate continuation of the Company as a going concern. As a development-stage company, the Company had no revenues and incurred losses as of June 30, 2024. The Company currently has limited working capital and has not completed its efforts to establish a stabilized source of revenues sufficient to cover operating costs over an extended period of time.

Management anticipates that the Company will be dependent, for the near future, on additional investment capital to fund operating expenses The Company intends to position itself so that it will be able to raise additional funds through the capital markets. In light of management’s efforts, there are no assurances that the Company will be successful in this or any of its endeavors or become financially viable and continue as a going concern.

NOTE 3 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The accompanying financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America, and pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) and reflect all adjustments, consisting of normal recurring adjustments, which management believes are necessary to fairly present the financial position, results of operations and cash flows of the Company for the six months ended June 30, 2024.

Cash and Cash Equivalents

The Company considers all highly liquid investments with the original maturities of six months or less to be cash equivalents. The Company had $0 of cash as at June 30, 2024.

Income Taxes

The Company recognizes the tax effects of transactions in the year in which such transactions enter into the determination of net income, regardless of when reported for tax purposes.

Revenue Recognition

We recognize revenue in accordance with Accounting Standards Codification (“ASC”) 606, Revenue from Contracts with Customers (“ASC 606”). The ASC 606’s stated core principle is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve this core principle, ASC 606 includes provisions within a five-step model that includes identifying the contract with a customer, identifying the performance obligations in the contract, determining the transaction price, allocating the transaction price to the performance obligations, and recognizing revenue when, or as, an entity satisfies a performance obligation.


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Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Fair Value of Financial Instruments

AS topic 820 “Fair Value Measurements and Disclosures” establishes a three-tier fair value hierarchy, which prioritizes the inputs in measuring fair value. The hierarchy prioritizes the inputs into three levels based on the extent to which inputs used in measuring fair value are observable in the market.

These tiers include:

Level 1:defined as observable inputs such as quoted prices in active markets;

Level 2:defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and

Level 3:defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions.

The carrying value of cash approximates its fair value due to its short-term maturity.

Basic and Diluted Net Loss per Common Share

Basic loss per common share is computed by dividing the net loss by the weighted average number of shares of common stock outstanding for each period. Diluted loss per share is computed by dividing the net loss by the weighted average.

Number of shares of common stock outstanding plus the dilutive effect of shares issuable through the common stock equivalents. The weighted-average number of common shares outstanding excludes common stock equivalents because their inclusion would be anti-dilutive.

Comprehensive Income

Comprehensive income is defined as all changes in stockholders’ deficit, exclusive of transactions with owners, such as capital investments. Comprehensive income includes net income or loss, changes in certain assets and liabilities that are reported directly in equity such as translation adjustments on investments in foreign subsidiaries and unrealized gains (losses) on available-for-sale securities. As of June 30, 2024, there were no differences between our comprehensive loss and net loss.

Recent Accounting Pronouncements

We have reviewed all the recently issued, but not yet effective, accounting pronouncements and we do not believe any of these pronouncements will have a material impact on the Company.

NOTE 4 - STOCKHOLDERS’ EQUITY

The Company has 75,000,000, $0.001 par value shares of common stock authorized.

On December 5, 2017, the Company issued a total of 3,000,000 common shares to its founder for a cash contribution of $21,000.

During the quarter ended December 31, 2018, the Company issued a total of 1,170,000 common shares to various investors for cash proceeds of $29,250.


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During the quarter ended March 31, 2019, the Company issued a total of 1,430,000 common shares to various investors for cash proceeds of $35,750. During this shares issue, $35 was received in excess from an investor which has showed in subscription received in balance sheet. It was repaid to the investor subsequently.

There were 5,600,000 and 5,600,000 shares of common stock issued and outstanding as of June 30, 2024, and December 31, 2023, respectively.

NOTE 5 - COMMITMENT AND CONTINGENCIES

The company is not currently involved with and does not know of any pending or threatening litigation against the Company.

On June 10, 2024, the Company entered into an Agreement for the acquisition of 100% of Lucent, Inc. in exchange for 10,000,000 common shares. The transaction has not yet closed but is anticipated to do so by end of 2024.

NOTE 6 - RELATED PARTY TRANSACTIONS

During the year ended December 31, 2021, the company received $1,000 from Raid Chalil, President and Director of the Company towards Company operating expenses.

During the year ended December 31, 2022, the company received $5,800 from Raid Chalil, President and Director of the Company towards Company operating expenses.

During the three months ended, March 31, 2023, the Company received $4,150 from Raid Chalil, President and Director of the Company towards Company operating expenses.

During the three months ended, June 30, 2023, the Company received $1,500 from Raid Chalil, President and Director of the Company towards Company operating expenses.

During the three months ended, September 30, 2023, the Company received $1,500 from Raid Chalil, President and Director of the Company towards Company operating expenses.

During the three months ended, December 31, 2023, the Company received $2,400 from Raid Chalil, President and Director of the Company towards company operating expenses.

During the three months ended, March 31, 2024, the Company received $4,666 from Raid Chalil, President and Director of the Company towards Company operating expenses.

During the three months ended, June 30, 2024, the Company received $7,650 from Raid Chalil, President and Director of the Company towards Company operating expenses.

As at June 30, 2024 and December 31, 2023, the Company owed $28,666 and $16,350, respectively to Raid Chalil, President and Director of the Company, which is unsecured, non-interest bearing and due on demand.

NOTE 7 - SUBSEQUENT EVENTS

The Company evaluated all events or transactions that occurred after June 30, 2024, through August 14, 2024. The Company determined that it does not have any subsequent event requiring recording or disclosure in the financial statements for the period ended June 30, 2024.


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Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.

The following discussion of our financial condition and results of operations should be read in conjunction with (i) our unaudited financial statement as of June 30, 2024, that appear elsewhere in this registration statement. This registration statement contains certain forward-looking statements and our future operating results could differ materially from those discussed herein. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. We disclaim any obligation to update any such factors or to announce publicly the results of any revisions of the forward -looking statements contained herein to reflect future events or developments.

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.

Plan of Operation

Liquidity and Capital Resources

As of June 30, 2024, the Company has $0 in total assets. As of June 30, 2024, the Company has $48,886 in liabilities and an accumulated deficit of $134,901. 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 six months period ended June 30, 2024, and 2023 was $12,316 and $5,650 respectively. Cash flows from financing activities for the six months period ended June 31, 2024, and 2023 was $12,316 and $5,650 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 first 6 months of 2024. Expenses are expected to increase marginally in the second half of 2023.

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, 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, management 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.

The Company has no intention in investing in short-term or long-term discretionary financial programs of any kind.


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Results of Operations

Overview for the six months ended June 30, 2024, and 2023

Lack of Revenues

We have limited operational history. For the six months ended June 30, 2024, and 2023 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.

Operating Expenses

The Company’s operating expenses for the six months ended June 30, 2024, and 2023 were $15,821 and $7,050

respectively. Operating expenses consisted of professional fees $5,041 and general and administrative expenses $10,780 for the six months ended June 30, 2024. Operating expenses consisted of professional fees $3,050 and general and administrative expenses $4,000 for the six months ended June 30, 2023.

Net Loss

During the six months ended June 30, 2024, and 2023 the Company incurred a net loss of $15,821 and $7,050 respectively.

The Company recorded a cumulative net loss of $134,901 for the period from inception on December 5, 2017, to June 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.

Off-Balance Sheet Arrangements

We do not have any off-balance sheet arrangements that have, or are reasonably likely to have, a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to investors.

Critical Accounting Policies

Our financial statements and accompanying notes have been prepared in accordance with United States generally accepted accounting principles applied on a consistent basis. The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods.

We regularly evaluate the accounting policies and estimates that we use to prepare our financial statements. In general, management’s estimates are based on historical experience, on information from third party professionals, and on various other assumptions that are believed to be reasonable under the facts and circumstances. Actual results could differ from those estimates made by management.

Equipment, Furniture and Leasehold Improvements. Equipment, furniture and leasehold improvements are recorded at cost and depreciated on a straight-line basis over the lesser of their estimated useful lives, ranging from three to seven years, or the life of the lease, as appropriate.

Impairment of Long-Lived Assets. Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of the assets to the future net cash flows expected to be generated by such assets. If such assets are considered to be impaired, the impairment to be recognized is


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measured by the amount by which the carrying amount of the assets exceeds the discounted expected future net cash flows from the assets.

Revenue Recognition. The Company recognizes revenue when all four of the following criteria are met: (i) persuasive evidence that an arrangement exists; (ii) delivery of the products and/or services has occurred; (iii) the fees earned can be readily determined; and (iv) collectability of the fees is reasonably assured.

Loss Per Common Share. Basic net loss per share is calculated by dividing the net loss by the weighted-average number of common shares outstanding for the period, without consideration for common stock equivalents. As of June 31, 2024, there were no share equivalents outstanding.

Item 3. Quantitative and Qualitative Disclosures about Market Risk.

Not Applicable to Smaller Reporting Companies.

Item 4. Controls and Procedures.

EVALUATION OF DISCLOSURE CONTROLS AND PROCEDURES

As required by Rule 13a-15/15d-15 under the Securities and Exchange Act of 1934, as amended (the “Exchange Act”), as of June 30, 2024, we have carried out an evaluation of the effectiveness of the design and operation of our Company’s disclosure controls and procedures. This evaluation was carried out under the supervision and with the participation of our Company’s management, our President (Principal Executive Officer) and Treasurer (Principal Accounting Officer). Based upon the results of that evaluation, our management has concluded that, as of a June 30, 2024, our Company’s disclosure controls and procedures were not effective and do not provide reasonable assurance that material information related to our Company required to be disclosed in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms, and that such information is accumulated and communicated to management to allow timely decisions on required disclosure.

MANAGEMENT’S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING

Management is responsible for establishing and maintaining adequate internal control over financial reporting as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act. Our internal control system is designed to provide reasonable assurance to our management and board of directors regarding the reliability of financial reporting and the preparation of financial statements for external reporting purposes in accordance with generally accepted accounting principles. Our internal control over financial reporting includes those policies and procedures that:

•Pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the Company;

•Provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles in the United States of America, and that receipts and expenditures of the Company are being made only in accordance with authorizations of management and directors of the Company; and

•Provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of the Company’s assets that could have a material effect on the financial statements.

Management assessed the effectiveness of our internal control over financial reporting as of June 30, 2024. In making this assessment, we used the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission (COSO) in INTERNAL CONTROL -- INTEGRATED FRAMEWORK.

Our management concluded that, as of June 30, 2024, our internal control over financial reporting was effective based on the criteria in INTERNAL CONTROL -- INTEGRATED FRAMEWORK issued by the COSO.

This quarterly report does not include an attestation report of the Company’s independent registered public accounting firm regarding internal control over financial reporting. Management’s report was not subject to attestation by the


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Company’s independent registered public accounting firm pursuant to rules of the SEC that permit the Company to provide only management’s report in this annual report.

CHANGES IN INTERNAL CONTROL OVER FINANCIAL REPORTING

There were no changes in our internal control over financial reporting identified in connection with the evaluation described above during the second quarter ended June 30, 2024, that has materially affected or is reasonably likely to materially affect our internal controls over financial reporting.

PART II - OTHER INFORMATION

Item 1. Legal Proceedings.

There are no legal actions pending against us nor any legal actions contemplated by us at this time.

Item 1A. 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.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.

None

Item 3. Defaults Upon Senior Securities.

None

Item 4. Mine Safety Disclosures.

Not Applicable

Item 5. Other Information.

None

Item 6. Exhibits

Exhibit Description
31.1 Certification of CEO required by Rule 13a-14(1) or Rule 15d-14(a) of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
31.2 Certification of CFO required by Rule 13a-14(1) or Rule 15d-14(a) of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
32.1 Certification of CEO pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and Section 1350 of 18 U.S.C. 63
32.2 Certification of CFO pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and Section 1350 of 18 U.S.C. 63
101.INS XBRL Instance Document
101.SCH XBRL Taxonomy Extension Schema Document
101.CAL XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF XBRL Taxonomy Extension Definition Linkbase Document
101.LAB XBRL Taxonomy Extension Label Linkbase Document
101.PRE XBRL Taxonomy Extension Presentation Linkbase Document

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SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

TipMeFast, INC.
Dated: August 14, 2024 By: /s/ Raid Chalil
Raid Chalil
President, Secretary, Treasurer, CEO, Principal Executive Officer, Chief Financial Officer, Director

Pursuant to the requirements of the Securities Exchange Act of l934, this Report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.

Signature Title Date
/s/ Raid Chalil Chief Executive Officer August 14, 2024
Raid Chalil Chief Financial Officer

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Certification of CEO

Exhibit 31.1

TipMeFast, Inc.

Certification Pursuant to Rule 13a-14(a)

Section 302 Certification

I, Raid Chalil, the Chief Executive Officer of TipMeFast, Inc., certify that:

1.I have reviewed the quarterly report on Form 10-Q of TipMeFast, Inc., for the quarter ended June 30, 2024;

2.Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, the results of operations and cash flows of the small business issuer as of, and for, the periods presented in this report;

4.The issuer’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f) for the for the issuer and have:

(a)designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the issuer, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b)designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c)evaluated the effectiveness of the issuer’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d)disclosed in this report any change in the small business issuer’s internal control over financial reporting that occurred during the issuer’s most recent fiscal quarter (the issuer’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the issuer’s internal control over financial reporting; and

5.The issuer’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the small business issuer’s auditors and the audit committee of the small business issuer’s board of directors (or persons performing the equivalent functions):

(a)all significant deficiencies in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the issuer’s ability to record, process, summarize and report financial information; and

(b)any fraud, whether or not material, that involves management or other employees who have a significant role in the issuer’s internal control over financial reporting.

Date:  August 14, 2024

/s/ Raid Chalil

Raid Chalil

Chief Executive Officer

Certification of CFO

Exhibit 31.2

TipMeFast, Inc.

Certification Pursuant to Rule 13a-14(a)

Section 302 Certification

I, Raid Chalil, the Chief Financial Officer of TipMeFast, Inc., certify that:

1.I have reviewed the quarterly report on Form 10-Q of TipMeFast, Inc., for the quarter ended June 30, 2024;

2.Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, the results of operations and cash flows of the small business issuer as of, and for, the periods presented in this report;

4.The issuer’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f) for the for the issuer and have:

(a)designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the issuer, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b)designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c)evaluated the effectiveness of the issuer’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d)disclosed in this report any change in the small business issuer’s internal control over financial reporting that occurred during the issuer’s most recent fiscal quarter (the issuer’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the issuer’s internal control over financial reporting; and

5.The issuer’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the small business issuer’s auditors and the audit committee of the small business issuer’s board of directors (or persons performing the equivalent functions):

(a)all significant deficiencies in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the issuer’s ability to record, process, summarize and report financial information; and

(b)any fraud, whether or not material, that involves management or other employees who have a significant role in the issuer’s internal control over financial reporting.

Date:  August 14, 2024

/s/ Raid Chalil

Raid Chalil

Chief Financial Officer

Certification of CEO

Exhibit 32.1

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350 AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of TipMeFast, Inc. (the “registrant”) on Form 10-Q for the quarter ended June 30, 2024, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Raid Chalil, Chief Executive Officer of the registrant, certify, pursuant to 18 U.S.C. 1350, as adopted pursuant to Section 906 of this Sarbanes Oxley Act of 2002, that, to my knowledge:

(1)The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities and Exchange Act of 1934; and

(2)The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the registrant at the dates and for the periods indicated.

/s/ Raid Chalil

Raid Chalil

Chief Executive Officer

(Principal Executive Officer)

August 14, 2024

Certification of CFO

Exhibit 32.2

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350 AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of TipMeFast, Inc. (the “registrant”) on Form 10-Q for the quarter ended June 30, 2024, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Raid Chalil, Chief Financial Officer of the registrant, certify, pursuant to 18 U.S.C. 1350, as adopted pursuant to Section 906 of this Sarbanes Oxley Act of 2002, that, to my knowledge:

(1)The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities and Exchange Act of 1934; and

(2)The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the registrant at the dates and for the periods indicated.

/s/ Raid Chalil

Raid Chalil

Chief Financial Officer

(Principal Financial/Accounting Officer)

August 14, 2024