Legacy Ventures International Inc. (“Legacy” or the “Company”), was incorporated on March 4, 2014 under the laws of the State of Nevada. The Company currently has no ongoing operations except for the incurring of general and administrative expenditures. Previously, since September 15, 2015, the Company operated through a wholly-owned subsidiary RM Fresh Brands Inc. (“RM Fresh”). On August 31, 2016, in order to fund the ongoing operation and further development of RM, the Company consented to new third party investments into RM in the approximate total amount of $175,000, made in the form of cash and retirement of indebtedness owed by RM. As result of these new investments into RM, the Company’s ownership percentage of the RM Fresh was reduced to twenty percent (20%). The Company entered into a mutual Release agreement with RM. Under the Release, the Company released and discharged all liabilities owed to the Company by RM (with the exception of the Demand Promissory Note). RM in turn released the Company of all liabilities owing to RM and released the Company all ongoing contractual and financial responsibilities to RM including the Company’s contractual obligation to further fund management fees or other expenses to be incurred by RM. The carrying value of the investment in RM Fresh was previously written down to $nil
Company profile
Ticker
LGYV
CEO
Peter Sohn
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
LGYV stock data
Latest filings (excl ownership)
10-Q
2024 Q1
Quarterly report
6 Nov 23
8-K
Departure of Directors or Certain Officers
16 Oct 23
10-K
2023 FY
Annual report
28 Sep 23
8-K
Changes in Registrant's Certifying Accountant
25 Aug 23
10-Q
2023 Q3
Quarterly report
12 May 23
10-Q
2023 Q2
Quarterly report
1 Feb 23
10-Q
2023 Q1
Quarterly report
14 Nov 22
10-K
2022 FY
Annual report
30 Sep 22
NT 10-K
Notice of late annual filing
28 Sep 22
10-Q
2022 Q3
Quarterly report
12 May 22
Latest ownership filings
No filings
Financial summary
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Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
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Cash on hand (at last report) | 842.00 | 842.00 | 842.00 | 842.00 | 842.00 | 842.00 |
Cash burn (monthly) | 278.67 | 301.17 | 2.25 k | 4.92 k | 3.28 k | 3.11 k |
Cash used (since last report) | 1.85 k | 2.00 k | 14.95 k | 32.71 k | 21.80 k | 20.68 k |
Cash remaining | -1.01 k | -1.16 k | -14.11 k | -31.87 k | -20.96 k | -19.83 k |
Runway (months of cash) | -3.6 | -3.9 | -6.3 | -6.5 | -6.4 | -6.4 |