Company: ALDA
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001062506-25-000007
Chunk: 10

Company: ATLANTICA INC
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 10
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fees are usually divided among promoters or founders, after deduction of legal, accounting and other related expenses, and it is not unusual
for a portion of these fees to be paid to members of management or to principal stockholders as consideration for their agreement to retire
a portion of the shares of common stock owned by them. Members of management may actively negotiate or otherwise consent to the purchase
of all or any portion of their common stock as a condition to, or in connection with, a proposed reorganization, merger or acquisition.
It is not anticipated that any such opportunity will be afforded to other stockholders or that such other stockholders will be afforded
the opportunity to approve or consent to any particular stock buy-out transaction. In the event that any such fees are paid, they may
become a factor in negotiations regarding any potential acquisition or merger by our Company and, accordingly, may also present a conflict
of interest for such individuals. Any of these types of fees that are paid in shares of our common stock will also be subject to the resale
limitations embodied in Rule 144 that prohibit, among other requirements, the public resale of these shares until 12 months after the
filing of the Form 10 information with the SEC. We have no present arrangements or understandings respecting any of these types of fees
or opportunities, other than pursuant to our management services agreement with Richland, Gordon & Company. See the description of
our management services agreement with Richland contained in our Annual Report on Form 10-K for the year ended December 31, 2008, and
a copy of that agreement included in Part IV, Item 15 of that Report, with respect to, among other things, certain cash fees that may
be payable by us to Richland in connection with future financings and business combinations by us.

Results of Operations

Three Months Ended September 30, 2025 Compared to Three
Months Ended September 30, 2024

The Company had no operations during the quarterly
period ended September 30, 2025, nor do we have operations as of the date of this filing. General and administrative expenses were $73,625
for the quarterly period ended September 30, 2025, compared to $40,146 for the quarterly period ended September 30, 2024. General and administrative
expenses for the three months ended September 30, 2025 and 2024 were comprised mainly of accounting, management and legal fees. We had a net
loss