Company: ALDA
Filing Date: 2025-03-18
Form Type: 10-K
Source: 0001548123-25-000017
Chunk: 12

Company: ATLANTICA INC
Filing Date: 2025-03-18
Form: 10-K
Item: Item 8
Chunk 12
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FINANCIAL STATEMENTS

December 31, 2024 and 2023

C O N T E N T S

  Report of Independent Registered Public Accounting Firm         16  
  Balance Sheets                                                  17  
  Statements of Operations                                        18  
  Statements of Stockholders’ Equity (Deficit)                    19  
  Statements of Cash Flows                                        20  
  Notes to Audited Financial Statements                        21-25  

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING
FIRM

To the Board of Directors and
Stockholders of Atlantica, Inc.

Opinion on the Financial Statements

We have audited the accompanying balance sheets
of Atlantica, Inc. (the Company) as of December 31, 2024 and 2023, and the related statements of operations, stockholders’ equity
(deficit), and cash flows for each of the years in the two-year period ended December 31, 2024, and the related notes (collectively referred
to as the financial statements). In our opinion, the financial statements present fairly, in all material respects, the financial position
of the Company as of December 31, 2024 and 2023, and the results of its operations and its cash flows for each of the years in the two-year
period ended December 31, 2024, in conformity with accounting principles generally accepted in the United States of America.

Consideration of the Company’s Ability
to Continue as a Going Concern

The accompanying financial statements have been
prepared assuming the Company will continue as a going concern. As described in Note 2 to the financial statements, the Company has recurring
losses, negative working capital, and negative cash flows from operations. These factors raise substantial doubt about the Company’s
ability to continue as a going concern. Management’s plan in regard to these matters are also described in Note 2 to the financial
statements. The financial statements do not include any adjustments that might result from the outcome of this uncertainty. If the Company
is unable to obtain financing, there could be a material adverse effect on the Company.

Basis for Opinion

These financial statements are the responsibility
of the Company’s management. Our responsibility is to express an opinion on the Company’s financial statements based on our
audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are
required to be independent with respect to the Company in accordance with