Micromobility.com (MCOM)

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Micromobility.com (MCOM) - 2024 Q4 - Annual Report
2025-04-15 21:09
¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from __________ to __________ UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-K x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 or (Address of Principal Executive Offices) Registrant's telephone number, including area code: (917) 675-7157 Securities Registered Pursuant to Section 1 ...
Micromobility.com (MCOM) - 2024 Q3 - Quarterly Report
2024-11-19 21:15
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Delaware 84-3015108 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) Large accelerated filer ☐ Accelerated filer ☐ Non-accelerated filer ☒ Smaller reporting company ☒ Emerging growth company ☒ FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarter ended September 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 O ...
Micromobility.com (MCOM) - 2024 Q2 - Quarterly Report
2024-07-17 20:20
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarter ended June 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-39136 micromobility.com, Inc. (Exact Name of Registrant as Specified in Its Charter) (State or other jurisdiction of incorporation or organi ...
Micromobility.com (MCOM) - 2024 Q1 - Quarterly Report
2024-05-20 20:43
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarter ended March 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-39136 micromobility.com, Inc. (Exact Name of Registrant as Specified in Its Charter) (State or other jurisdiction of incorporation or organ ...
Micromobility.com (MCOM) - 2023 Q4 - Annual Report
2024-04-16 20:11
Revenue Performance - Total net revenues decreased by $5,694, or 37%, from $15,538 for the year ended December 31, 2022, to $9,844 for the year ended December 31, 2023[491]. - Mobility revenues decreased by $3,161, or 37%, from $8,430 for the year ended December 31, 2022, to $5,269 for the year ended December 31, 2023[515]. - Media revenues decreased by $2,532, or 39%, from $6,507 for the year ended December 31, 2022, to $3,975 for the year ended December 31, 2023[516]. - Revenue for the year ended December 31, 2023, was $9,844 million, a decrease of 36.4% compared to $15,538 million in 2022[613]. - The Company operates in two segments: Mobility and Media, generating revenues primarily in the United States and Europe[649][650]. Expense Management - Total cost of revenues decreased by $12,650, or 30%, from $41,625 for the year ended December 31, 2022, to $28,975 for the year ended December 31, 2023[518]. - Sales and marketing expenses decreased by $5,875, or 67%, from $8,712 for the year ended December 31, 2022, to $2,837 for the year ended December 31, 2023[496]. - Research and development expenses decreased by $302, or 11%, from $2,741 for the year ended December 31, 2022, to $2,439 for the year ended December 31, 2023[497]. - General and administrative expenses decreased by $2,652, or 10%, from $25,569 for the year ended December 31, 2022, to $22,917 for the year ended December 31, 2023[522]. - Total operating expenses for 2023 were $73,851 million, down 16.9% from $89,037 million in 2022[613]. Financial Position - The company's total financial liabilities decreased by 62% or $25,048, from $40,418 in 2022 to $15,370 in 2023, indicating a significant reduction in financial exposure[556]. - Total current liabilities decreased to $48,089 million in 2023 from $70,732 million in 2022, a reduction of 32.1%[610]. - Total liabilities, including convertible preferred stock and stockholders' deficit, were $50,834 million as of December 31, 2023, down from $80,058 million in 2022, a decrease of 36.4%[610]. - The company had cash and cash equivalents of $128 as of December 31, 2023, and plans to fund operations and expansion through debt and equity financing over the next twelve months[532][533]. - The total cash and cash equivalents, and restricted cash at the end of the year was $143,000, down from $737,000 at the beginning of the year, indicating a significant decrease in liquidity[617]. Net Loss and Improvement - Net loss for the year ended December 31, 2023, was $62,055 million, compared to a net loss of $82,074 million in 2022, representing a 24.5% improvement[613]. - The company reported a loss from operations of $64,007 million in 2023, an improvement from a loss of $73,499 million in 2022[613]. - The net loss per share attributable to common stockholders for 2023 was $(42.90), compared to $(9,360.49) in 2022[613]. - The company experienced recurring operating losses and negative cash flows since inception, raising substantial doubt about its ability to continue as a going concern[646]. Gains and Settlements - A gain of $12,032 was recorded for the year ended December 31, 2023, compared to a loss of $2,065 for the year ended December 31, 2022, related to the settlement of financial debts[502]. - The company experienced a gain on extinguishment of financial debts amounting to $12,032 million in 2023, contrasting with a loss of $2,065 million in 2022[613]. Legal and Contingencies - The company recorded $2,701 in general and administrative expenses related to litigation for the year ended December 31, 2023, compared to $650 in 2022[544]. - The company’s legal contingencies accrued amounted to $3,978 as of December 31, 2023, with a potential loss range between $800 to $7,041[567][568]. Shareholder and Stock Information - The company has outstanding securities including 8,856,230 Class A Common Shares and 2,641 Warrants as of December 31, 2023[560]. - The company’s majority shareholder and CEO converted $78 of deferred salaries into 87 shares of Class A Common Stock during the year ended December 31, 2023[539]. - The company had no Series A Convertible Preferred Stock issued and outstanding as of December 31, 2023, compared to 6,751,823 shares in 2022[609]. Future Plans and Market Expansion - The company plans to continue its market expansion in the U.S., having provided e-mobility services in 34 areas as of 2023[531]. - The company plans to continue funding operations through debt and equity financing, although there is uncertainty regarding the availability of such financing on acceptable terms[621]. Accounting Policies and Standards - The company has made an accounting policy election to treat the entire consideration received from subscribers as lease rental, recognized on a straight-line basis[627]. - The Company has made an accounting policy election to present revenues net of sales taxes and VAT, impacting the reported revenue figures[654]. - The Company assesses the impact of new accounting standards, including ASU No. 2023-07, which will enhance segment disclosure requirements starting after December 15, 2023[684]. Asset Management - Intangible assets are primarily composed of operating permits and licenses, tested for impairment when qualitative indicators suggest potential impairment[679]. - The Company classifies assets and liabilities measured at fair value into Level 2 and Level 3 based on the observability of inputs, with Level 3 inputs being unobservable and significant to fair value measurements[710]. - Financial liabilities are categorized between current and non-current based on repayment terms and conditions[711].
Micromobility.com (MCOM) - 2023 Q3 - Quarterly Report
2023-11-14 21:15
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarter ended September 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to micromobility.com, Inc. (Exact Name of Registrant as Specified in Its Charter) Delaware 84-3015108 (State or other jurisdiction of incorporation or organization) ( ...
Micromobility.com (MCOM) - 2023 Q2 - Earnings Call Transcript
2023-08-17 22:05
Micromobility.com Inc. (OTCPK:MCOM) Q2 2023 Results Conference Call August 14, 2023 5:30 PM ET Company Participants Gary Dvorchak - MD, The Blueshirt Group Salvatore Palella - Founder and CEO Giulio Profumo - CFO Operator Thank you for standing by, and welcome to the micromobility.com Inc. Second Quarter 2023 Earnings Conference Call. As a reminder, today's program will be recorded. [Operator Instructions] I'd like to introduce your host for today's call, Gary Dvorchak, Managing Director with The Blueshirt ...
Micromobility.com (MCOM) - 2023 Q2 - Quarterly Report
2023-08-14 21:13
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarter ended June 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-39136 micromobility.com, Inc. (Exact Name of Registrant as Specified in Its Charter) Delaware 84-3015108 (State or other jurisdiction of inc ...
Micromobility.com (MCOM) - 2023 Q1 - Quarterly Report
2023-05-22 21:23
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarter ended March 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-39136 micromobility.com, Inc. (Exact Name of Registrant as Specified in Its Charter) (State or other jurisdiction of incorporation or organ ...
Micromobility.com (MCOM) - 2022 Q4 - Annual Report
2023-03-28 21:13
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-K x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 or ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from __________ to __________ | Title of Each Class | Trading Symbol(s) | Name of Exchange on which Registered | | --- | --- | --- | | Class A Common Stock | HLBZ | Nasdaq Capital M ...