Company: ALDA
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001548123-25-000049
Chunk: 5

Company: ATLANTICA INC
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 5
---
──────────────────────────────────────────────────────────────────────────────────────────────
  Loss available to common shareholders (numerator)                                                                $                                       ( 205,262)      $                                       ( 224,614)  
  Weighted average number of common shares outstanding during the period used in loss per share (denominator)                                               2,458,590                                               2,458,590  
  Basic loss per share                                                                                             $                                          ( 0.08)      $                                          ( 0.09)  

Dilutive loss per share was not presented as the Company
had no common equivalent shares for all periods presented that would affect the computation of diluted loss per share.

ATLANTICA, INC.

Notes to Condensed Unaudited Financial
Statements

June 30, 2025

NOTE 6 - RELATED PARTY TRANSACTIONS

Mirabella paid expenses of $42,075during
the six months ended June 30, 2025 that were recorded as an additional loan from shareholders, which loans totaled$ 804,482at June 30, 2025. In comparison Mirabella paid$ 31,386during the six months ended June 30, 2024. The interest expense related to the outstanding loans was$ 48,730for
the three months ended June 30, 2025, and$ 42,849for
the three months ended June 30, 2024 and total accrued interest as of June 30, 2024 and December 31, 2024 was$ 1,222,093and$ 1,126,269,
respectively. The loans are evidenced by a promissory note, are unsecured, are due on demand and accrue interest at the rate of10%
per annum, compounded quarterly. No payments of principal or interest were made during the quarter ended June 30, 2024. The
note was issued by the Company on April 29, 2009 and covers all loans made by Mirabella to the Company since November 6, 2007, as
well as any such loans that may be made by Mirabella in the future. A copy of the note was filed as an exhibit to our Annual Report
on Form 10-K for the year ended December 31, 2008; see Part IV, Item 15 of that Report.

On April 29, 2009, the Company entered into a management
services agreement (the “ Management Services Agreement”) with Rich