Company: ALDA
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0001548123-25-000035
Chunk: 2

Company: ATLANTICA INC
Filing Date: 2025-05-13
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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  CASH FLOWS FROM FINANCING ACTIVITIES                                                                                  
  Proceeds from note payable - related party        38,125                                 31,386                       
  Net Cash Provided by Financing Activities         38,125                                 31,386                       
  NET INCREASE (DECREASE) IN CASH                   -                                      -                            
  CASH AT BEGINNING OF PERIOD                       -                                      -                            
  CASH AT END OF PERIOD                             -                                      -                            
  CASH PAID FOR:                                                                                                        
  Interest                                          -                                      -                            
  Taxes                                             -                                      -                            

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

ATLANTICA, INC.

Notes to Condensed Unaudited Financial
Statements

March 31, 2025

NOTE 1 - BASIS OF PRESENTATION

This summary of significant accounting policies of
Atlantica, Inc. (the “ Company”) is presented to assist in understanding the Company’s financial statements. The financial
statements and notes are representations of the Company’s management, which is responsible for their integrity and objectivity.
These accounting policies conform to accounting principles generally accepted in the United States of America and have been consistently
applied in the preparation of the financial statements. All adjustments which are necessary for a fair statement of the results for interim
periods have been included.

The accompanying unaudited financial statements reflect
all adjustments, consisting of only normal recurring items, which, in the opinion of management, are necessary for a fair statement of
the results of operations for the periods shown and are not necessarily indicative of the results to be expected for the full year ending
December 31, 2025. These unaudited financial statements should be read in conjunction with the financial statements and related notes
included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024.

a. Organization and Business Activities

The financial statements presented are those of Atlantica,
Inc. The Company was incorporated in the State of Utah on March 3, 1938. The Company name at that time was Red Hills Mining Company. On
February 5, 1953, the Company changed its name to Allied Oil and Minerals Company. On January 8, 1971, the Company changed its name to
Community Equities Corporation. On March 26, 1996, the Company changed its name to Atlantica, Inc.

We have had no material business operations