Company: ALDA
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001548123-25-000049
Chunk: 11

Company: ATLANTICA INC
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 11
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 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 June 30, 2025 Compared to Three
Months Ended June 30, 2024

The Company had no operations during the quarterly
period ended June 30, 2025, nor do we have operations as of the date of this filing. General and administrative expenses were $63,682
for the quarterly period ended June 30, 2025, compared to $39,646 for the quarterly period ended June 30, 2024. General and administrative
expenses for the three months ended June 30, 2025 and 2024 were comprised mainly of accounting, management and legal fees. We had a net
loss of $112,412 for the quarterly period ended June 30, 2025, compared to a net loss of $82,495 for the quarterly period ended June 30,
2024.

Six Months Ended June 30, 2025 Compared to Six
Months Ended June 30, 2024

The Company had no operations during the six months
ended June 30, 2025, nor do we have operations as of the date of this filing. General and administrative expenses were $109,438 for the
six months ended June 30, 2025, compared to $140,436 for the six months ended June 30, 2024. General and administrative expenses for the
six months ended June