Company: ALDA
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001548123-25-000049
Chunk: 4

Company: ATLANTICA INC
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 4
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 a going concern. It is the intent of the Company to seek a merger with an existing, well-capitalized operating
company. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

The Company is relying on Mirabella Holdings,
LLC (“ Mirabella”), our majority shareholder, to pay all of our operating and other expenses until we can complete a
reorganization or merger. While Mirabella currently pays the Company's limited operating and other expenses, on the Company's
behalf, Mirabella is not obligated to pay any of those expenses and the Company can provide no assurance that Mirabella will
continue to pay any of those expenses in the future. Mirabella paid$ 42,075in expenses for the Company during the six months ended June 30, 2025. Currently, any such loans that may be provided to us
from time to time by Mirabella are made pursuant to a demand promissory note that has been issued by us to Mirabella, which loans
are unsecured, payable on demand and bear interest at a rate of10%
per annum, compounded quarterly. See the description of that demand promissory note contained in Part III, Item 13 of our Annual
Report on Form 10-K for the year ended December 31, 2008, and a copy of that note included in Part IV, Item 15 of that Report.

NOTE 3 - COMMITMENTS AND CONTINGENCIES

Contingencies -The Company has not been active for
several years. Management believes that there are no unrecorded valid outstanding liabilities from prior operations. If a creditor were
to come forward and claim a liability, the Company has committed to contest the claim to the fullest extent of the law. Due to various
statutes of limitations and because of the likelihood that such an old liability would not still be valid no amount has been accrued in
these financial statements for any such contingencies.

NOTE 4 - COMMON STOCK

The Company did not issue any shares of capital stock during the
three month period ended June 30, 2025 and 2024.

NOTE 5 - LOSS
PER SHARE

The following data shows the amounts used in computing
loss per share for the periods presented:

                                                                                                                   For                                                     For                                                 
                                                                                                                   the Six Months Ended June 30, 2025                      the Six Months Ended June 30, 2024                  
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