Company: ALDA
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001062506-25-000007
Chunk: 1

Company: ATLANTICA INC
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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 (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

September 30, 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 since
March 7, 1997. The Company’s only activity since that time has consisted of taking actions necessary to restore and preserve its
good standing in the State of Utah. The Company presently has no significant assets. The Company intends to continue to seek out the acquisition