Company: ALDA
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0001548123-25-000035
Chunk: 4

Company: ATLANTICA INC
Filing Date: 2025-05-13
Form: 10-Q
Item: Part I, Item 1
Chunk 4
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 all other recently issued, but not yet adopted,
accounting standards in order to determine their effects, if any, on its results of operation, financial position or cash flows. Based
on that review, the Company believes that none of these pronouncements will have a significant effect on its financial statements.

ATLANTICA, INC.

Notes to Condensed Unaudited Financial
Statements

March 31, 2025

NOTE 2 - GOING CONCERN

The Company’s financial statements are prepared
using accounting principles generally accepted in the United States of America applicable to a going concern which contemplates the realization
of assets and liquidation of liabilities in the normal course of business. The Company has not established revenues sufficient to cover
its operating costs. The Company is seeking to acquire, or merge with, an existing operating company.

The Company does not have significant assets, nor
has it established operations and has accumulated losses since inception. These factors raise substantial doubt about the Company’s
ability to continue as a going concern. It is the intent of the Company to seek a merger with an existing, well-capitalized operating
company. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

The Company is relying on Mirabella Holdings, LLC
(“ Mirabella”), our majority shareholder, to pay all of our operating and other expenses until we can complete a reorganization
or merger. While Mirabella currently pays the Company's limited operating and other expenses, on the Company's behalf, Mirabella is not
obligated to pay any of those expenses and the Company can provide no assurance that Mirabella will continue to pay any of those expenses
in the future. Mirabella paid$ 38,125in expenses for the Company during the three months ended March 31, 2025. Currently, any such loans
that may be provided to us from time to time by Mirabella are made pursuant to a demand promissory note that has been issued by us to
Mirabella, which loans are unsecured, payable on demand and bear interest at a rate of10% per annum, compounded quarterly. See the description
of that demand promissory note contained in Part III, Item 13 of our Annual Report on Form 10-K for the year ended December 31, 2008,
and a copy of that note included in Part IV, Item 15 of that Report.

NOTE 3 - COMMITMENTS AND CONTINGENCIES

Contingencies -The Company has