UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 Commission file number: 000-31154 NEVADA CLASSIC THOROUGHBREDS, INC. (Name of small business issuer in its charter) NEVADA 86-1007952 --------------------------------- --------------------------------- State or other jurisdiction of (IRS Employer Identification No.) of incorporation or organization 4604 E. Contessa Street (480) 241-8668 Mesa, AZ 85205 --------------------------------- --------------------------------- (Address of principal executive Issuer's telephone number offices) None ---------------------------------------------------- (Former name, former address and former fiscal year, if changed since last report) Indicate by check mark whether the registrant: (1) has filed all reports Required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. YES X NO Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (Section 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). YES X NO --------------------------------------------------------------------------------------------- Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See the definitions of "large accelerated filer," "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act (Check one): Large accelerated filer Accelerated filer Non-accelerated filer Smaller reporting company X (Do not check if a smaller reporting company) Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). YES NO X As of September 30, 2023, 1,900,000 shares of the Registrant's Common Stock, par value .001; and 4,000,000 shares of Registrant's Preferred Stock, par value .001, were outstanding. ~~PAGE 2~~ --------------------------------------------------------------------------------------------- TABLE OF CONTENTS PAGE NO. PART I - FINANCIAL INFORMATION 4 Item 1: Financial Statements Balance Sheet (unaudited) 4 Statement of Operations (unaudited) 6 Statement of Cash Flows (unaudited) 8 Notes to Financial Statements 10 Item 1A: Risk Factors 12 Item 2: Management's Discussion and Analysis of Financial Condition and Results of Operations 13 Item 3: Quantitative and Qualitative Disclosures About Market Risk 17 Item 4: Controls and Procedures 18 PART II - OTHER INFORMATION 18 Item 1: Legal Proceedings 18 Item 2: Unregistered Sales of Equity Securities and Use of Proceeds 18 Item 3: Defaults Upon Senior Securities 18 Item 4: Mine Safety Disclosures 18 Item 5: Other Information 18 Item 6: Exhibits 18 SIGNATURES 19 ~~PAGE 3~~ --------------------------------------------------------------------------------------------- PART I - FINANCIAL INFORMATION Item 1. Financial Statements ============================= The following financial statements are attached to this report and filed as a Part hereof. NEVADA CLASSIC THOROUGHBREDS, INC. (A DEVELOPMENT STAGE COMPANY) UNAUDITED FINANCIAL STATEMENT FOR PERIOD ENDING SEPTEMBER 30, 2023 BALANCE SHEET ASSETS CURRENT ASSETS PARENT COMPANY ASSETS Cash Corporate Checking $ 5,318 Treasury Stock (Preferred and Common) 13,995 --------- TOTAL PARENT COMPANY ASSETS $ 19,313 D/B/A SHOWTIME SPORTS CARE ASSETS Cash Checking $ 0 Savings $ 0 ----------- $ 0 ========== Websites ProSportTips.com $ 3,000 ShowtimeSportsCare.com $ 2,500 Web Marketing Xplore Enterprise $ 0 Google $ 0 KAI Solutions Web Hosting $ 0 Inventory The Touch $ 0 The Touch-Off Season $ 0 Posters $ 0 Contracts $ 0 ----------- $ 5,500 =========== TOTAL SHOWTIME SPORTS CARE ASSETS $ 5,500 =========== TOTAL CURRENT ASSETS $ 24,813 See Accompanying Notes ~~PAGE 4~~ --------------------------------------------------------------------------------------------- LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES Accounts payable 0 STOCKHOLDERS' EQUITY Horse and Ranch Preferred Stock, par value $.001 per share: Authorized: 5,000,000 shares: (2,500,000 Horse Preferred and 2,500,000 Ranch Preferred) Issued and outstanding: 4,000,000 shares: (2,000,000 Horse Preferred and 2,000,000 Ranch Preferred) 4,000 Common stock, par value $.001 per share: Authorized 5,000,000 shares 1,900,000 shares issued & outstanding 1,900 Paid-In capital in excess of par value of stock 80 Deficits accumulated during developmental stage (199,988) TOTAL STOCKHOLDERS' EQUITY $ 24,813 ---------- TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 24,813 =========== See Accompanying Notes ~~PAGE 5~~ --------------------------------------------------------------------------------------------- NEVADA CLASSIC THOROUGHBREDS, INC. (A DEVELOPMENT STAGE COMPANY) STATEMENT OF OPERATIONS FOR PERIOD ENDING SEPTEMBER 30, 2023 SEP 30, 2023 SEP 30, 2022 --------------- ------------- REVENUE $ 0 $ 0 EXPENSES Development costs 0 0 Administrative 80 80 General 0 0 Banking Charges 0 0 D/B/A Showtime Sports Care Websites ProSportTips.com 0 0 ShowtimeSportsCare.com $ 0 0 ------------- ------------ TOTAL EXPENSES $ 80 80 ------------- ------------ NET (LOSS) $ ( 80) $ ( 80) ============== ============= NET (LOSS) PER COMMON SHARE Basic and diluted $ ( .00) $ ( .00) ============== ============== WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING Basic and diluted 1,900,000 1,900,000 =============== ============== See Accompanying Notes ~~PAGE 6~~ --------------------------------------------------------------------------------------------- NEVADA CLASSIC THOROUGHBREDS, INC. (A DEVELOPMENT STAGE COMPANY) STATEMENT OF OPERATIONS (continued) FOR PERIOD ENDING SEPTEMBER 30, 2023 SEP 30, 2023 SEP 30, 2022 ------------- -------------- CASH FLOWS FROM OPERATING ACTIVITIES: Net (loss) $( 80) $ ( 80) Adjustments to reconcile net (loss) to net cash provided by operating activities 0 ( 0) Fair market value of services 80 80 Increase in paid in capital in excess of par value for payment of expenses by stockholders 80 80 Changes in operating assets and liabilities: Accounts payable 0 0 ----------- ----------- CASH PROVIDED BY LONG-TERM NOTES PAYABLE $ 0 $ 0 NET CASH PROVIDED BY OPERATING ACTIVITIES 0 0 CASH FLOWS FROM INVESTING ACTIVITIES 0 0 CASH FLOWS FROM FINANCING ACTIVITIES 0 0 ---------- ------------ NET INCREASE (DECREASE)IN CASH AND CASH BALANCE AT SEP 30 $( 0) $( 0) ========== ============ See Accompanying Notes ~~PAGE 7~~ --------------------------------------------------------------------------------------------- NEVADA CLASSIC THOROUGHBREDS, INC. (A DEVELOPMENT STAGE COMPANY) STATEMENT OF CASH FLOWS FOR PERIOD ENDING SEPTEMBER 30, 2023 SEP 30, 2023 SEP 30, 2022 ------------------ ------------- CASH FLOWS FROM OPERATING ACTIVITIES: Net (loss) $ ( 0) $ ( 0) Adjustments to reconcile net (loss) to net cash provided by operating activities 0 ( 0) Fair market value of services 80 80 Increase in paid in capital in excess of par value of stock for payment of expenses by stockholders 80 80 Changes in operating assets and liabilities: Accounts payable 0 0 -------------- ----------- NET CASH PROVIDED BY OPERATING ACTIVITIES $ 0 $ 0 CASH FLOWS FROM LOANS BY PRINCIPAL OFFICER AND OPERATIONS MGR $ 0 $ 0 CASH FLOWS FROM INVESTING ACTIVITIES $ 0 $ 0 CASH FLOWS FROM FINANCING ACTIVITIES $ 0 $ 0 NET INCREASE (DECREASE) IN CASH AND CASH BALANCE AT SEP 30, 2023 $ ( 0) $ 0 See Accompanying Notes ~~PAGE 8~~ --------------------------------------------------------------------------------------------- NEVADA CLASSIC THOROUGHBREDS, INC. (A DEVELOPMENT STAGE COMPANY) STATEMENT OF CASH FLOWS (continued) FOR PERIOD ENDING SEPTEMBER 30, 2023 SEP 30, 2023 SEP 30, 2022 ------------------ -------------- SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION Cash paid for interest $ 0 $ 0 ========= ========= Cash paid for taxes $ 0 $ 0 ========= ========= SCHEDULE OF NON-CASH INVESTING AND FINANCING ACTIVITIES Fair market value of services donated by stockholders $ 80 $ 80 ========= ========= Increase in paid in capital in excess of par value of stock for payment of expenses paid by stockholders $ 80 $ 80 ========= ========= See Accompanying Notes ~~PAGE 9~~ --------------------------------------------------------------------------------------------- NEVADA CLASSIC THOROUGHBREDS, INC. (A DEVELOPMENT STAGE COMPANY) UNAUDITED FINANCIAL STATEMENT FOR PERIOD ENDING SEPTEMBER 30, 2023 NOTES TO FINANCIAL STATEMENTS NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The company uses SOP 85-3, breeding horses under development. The horse evaluation is adding in direct costs to the value of the horses under development. The value is the lower of cost or established market value, until breeding maturity, then the horses are depreciated through the life of the breeding career. Pursuant to discussions with staff of the Securities and Exchange Commission in January of 2006 and in keeping with SOP 85-3 regarding evaluations of breeding stock, the following accounting practices have been adopted and adjustments as of March 31, 2006. Any financial statements prior to March 31, 2006 will be inaccurate, as they do not reflect SOP 85-3, breeding horses under development, and should not be relied upon for any meaningful representations of the company's financial position. Accounting Estimates -------------------- Management uses estimates and assumptions in preparing financial statements in accordance with accounting principles generally accepted in the United States of America. Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities, and the reported revenues and expenses. Actual results could vary from the estimates that were used. Income Taxes ------------ Provisions for income taxes are based on taxes payable or refundable for the current year and deferred taxes on temporary differences between the amount of taxable income and pretax financial income and between the basis of assets and liabilities and their reported amounts in the financial statements. Deferred tax assets and liabilities are included in the financial statements at currently enacted income tax rates applicable to the period in which the deferred tax assets and liabilities are expected to be realized or settled as prescribed in FASB Statement No. 109, "Accounting for Income Taxes." As changes in tax laws or rates are enacted, deferred tax assets and liabilities are adjusted through the provision for income taxes. ~~PAGE 10~~ --------------------------------------------------------------------------------------------- Net (Loss) Per Share -------------------- The Company adopted Statement of Financial Accounting Standards No. 144 that requires the reporting of both basic and diluted earnings (loss) per share. Basic earnings (loss) per share is computed by dividing net income (loss) available to common stockholders by the weighted average number of common shares outstanding for the period. Diluted earnings (loss) per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock. In accordance with FASB 128, any anti-dilutive effects on net loss per share are excluded. Long-Lived Assets ----------------- Statement of Financial Accounting Standards No. 144, "Accounting for the Impairment of Long-Lived Assets and for Long-Lived Assets to be Disposed Of," requires that long-lived assets be reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of the asset in question may not be recoverable. NOTE 2: PREFERRED STOCK No special rights or preferences have been assigned to the preferred stock. NOTE 3: DEVELOPMENT STAGE OPERATIONS As of September 30, 2023 the Company was in the development stages of operations. According to the Financial Accounting Standards Board of the Financial Accounting Foundation, a development stage Company is defined as a company that devotes most of its activities to establishing a new business activity. In addition, planned principle activities have not yet commenced. The Company did not expense any development costs as per donation or gift from the shareholders for the period from September 30, 2022 to September 30, 2023. NOTE 4: FINANCIAL STATEMENT OF AN INACTIVE REGISTRANT Under 17 CFR 210.3-11, the Company does not need to provide an audited or reviewed quarterly report. Reg. 17 CFR 210.3-11 (a) Gross Receipts from all sources for the fiscal year are not in excess of $100,000; (b) The registrant has not purchased or sold any of its own stock, granted options therefore, or levied assessments upon outstanding stock; ~~PAGE 11~~ --------------------------------------------------------------------------------------------- (c) Expenditures for all purposes for the fiscal year are not in excess of $100,000; (d) No material change in the business has occurred during the fiscal year, including any bankruptcy, reorganization, readjustment or succession or any material acquisition or disposition of plants, mines, mining equipment, mine rights or leases; and (e) No exchange upon which the shares are listed, or governmental authority having jurisdiction, requires the furnishing to it or the publication of audited financial statements. NOTE 5: LONG TERM LIABILITIES - NOTES PAYABLE In the minutes of the Company, the Company's officers and directors would pay the expenses of the Company up to June 30, 2024, or until the Company can pay its operation costs as determined by the Company's officers and directors. After June 30, 2024, or after the Company can pay its operation costs as determined by the Company's officers and directors, then the Company would reimburse the officers and directors for any direct expenses paid into the Company. The payback of the long-term liabilities will be within a five-year period with a simple yearly interest rate of 5% on any outstanding balance. NOTE 6: SALARY - BY COMMON STOCK In the corporate minutes the salary paid to the Chief Executive Officer is donated to the company by the Chief Executive Officer until the Company can pay its operation costs as determined by the Company's officers and directors. Item 1A: Risk Factors ====================== The Company is a high-risk/-reward company. The risks are substantial and varied. At the present time, the Company's only shareholders are officers, directors, or sophisticated and accredited investors. The following risk factors are only a sample of the problems and risks the Company faces. HORSE RACING 1. The Skill or Art of Horse Racing ----------------------------------- The Company's business is an art or skill, each horse being unique and non-duplicable. The costs of training, developing, and racing horses is the same whether the horse is a great money-earner or a complete loss. The trainers, groomers, and all those employed in handling of the race ~~PAGE 12~~ --------------------------------------------------------------------------------------------- horses is solely a skill and unique to each individual horse. Each end product is a unique creation of art through the skill of all those participating in its development. As such any one of the many individuals failing to do their job at its utmost could result in a horse being completely worthless. 2. Research and Development Implementation ------------------------------------------- The Company has, through its research and development as of September 30, 2023, developed criteria that gives the Company an advantage, and if such criteria is met, the horse has a 80% chance of earnings over $1 million. The Company did a random sample of stallions in the Blood Horse magazine that had earnings less than $100,000, and found that none of these horses met the Company's criteria for purchase. The Company randomly selected 30 horses that met the Company's criteria, 25 of which had earnings over $1 million. The problem the Company faces is that the Company will only be able to purchase or breed one race horse, given its financial restraints. Thus, there is a good probability that the chosen horse will not run as expected and will be a part of the 17% of horses meeting the Company's criteria, but that did not race well. 3. Perfect Combinations ------------------------ Unfortunately, for any horse earning over $1 million, it must have a perfect combination of breeding, training, health, grooming, safety during transport, and numerous other factors relating to that one horse. Any one phase of the horse's development that is not perfect, could result in the horse being completely worthless as a race horse. D/B/A SHOWTIME SPORTS CARE While the officers and directors of the Company are highly educated in corporate management, and while the Company has no debt, the Company intends to rely on the sale of Showtime Sports Care's inventory of products to produce a revenue flow as well as funding for Horse Racing endeavors. Avon, NuSkin, ReLive and similar companies are all competitors of Showtime Sports Care. The Company believes that the quality of Showtime Sports Care's products will be paramount in the ongoing sales of its products. There is a risk that the competition squeezes Showtime Sports Care out of the market and provides better products at more competitive prices. Item 2: Management's Discussion and Analysis of Financial Condition and Results of Operations. ===================================================================== This report contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are based on beliefs of the Company's management as well as assumptions made by and ~~PAGE 13~~ --------------------------------------------------------------------------------------------- information currently available to the Company's management. When used in this report, the words "estimate," "project," "believe," "anticipate," "intend," "expect," "plan," "predict," "may," "should," "will," the negatives thereof or other variations thereon or comparable terminology are intended to identify forward-looking statements. Such statements reflect the current views of the Company with respect to future events based on currently available information and are subject to risks and uncertainties that could cause actual results to differ materially from those contemplated in those forward-looking statements. Factors that could cause actual results to differ materially from the Company's expectations will be set forth in the Company's Annual Report on Form 10- K for the fiscal year ended June 30, 2024. The following discussion and analysis should be read in conjunction with the financial statements, including the notes thereto, appearing elsewhere in this report. D/B/A SHOWTIME SPORTS CARE Business Concepts Summary ~The Discovery~ In the process of developing face creams to be used as anti-aging creams, we discovered that the creams increase the sensitivity in the hands and make perfecting and learning athletic skills noticeably easier. ~Niche~ The two initial products to be developed will be (1) "The Touch" for athletes perfecting their skills during the competitive season, and (2) "The Touch Off-Season" for athletes learning to develop the feel of their stroke. Other products will follow as testing and demand occurs. ~Equity Financing~ The Company is 100% financed by the Officers and Directors of the Company, as additional Paid-In-Capital, until such time as proceeds from the sale of the products can cover its operating costs. Currently the Company has no current product inventory. The Company expects to renew its inventory at manufacturer's cost, anticipated to sell at a retail value of $50,000. The Company has no debt. One hundred percent of Showtime Sports Care's products will be guaranteed (refundable) for 15 days after purchase. There will always be 100% coverage for refunds on all Showtime Sports Care products sold. ~~PAGE 14~~ --------------------------------------------------------------------------------------------- ~Marketing~ The marketing is an interwoven four-prong system: Internet, Charity Advertising, Network Customer Distributorships, and Individual Distributorships. ~Growth~ The Company has no debt. Initial expenses are covered by the Officers and Directors as additional Paid-In-Capital. The future expenses will be covered by the net proceeds from sales of Showtime Sports Care's products. A percentage of the net proceeds from Showtime Sports Care's products sold will be reserved for further product development and marketing for Showtime Sports Care. ~Transparencies~ Showtime Sports Care is a division/dba of the Company. The Company, as a public company, is a voluntary filer with the Securities and Exchange Commission ("SEC"). The Company believes the SEC's uniform filing system will be a marked advantage to the Company by providing security and accuracy of financial reporting and other standard SEC-required filings. HORSES The Company in its developmental stage is now revising its analysis of the prospective mares and/or stallions for purchase. The Company has elected to purchase racing stock and develop them into breeding stock, as its primary function. This function is the heart of the thoroughbred industry, where the most expensive horses are bought and sold, and thus, the most important sector of the thoroughbred industry for profit to the company. If the analysis of the prospective breeding stock is reasonably accurate, then the company believes that it has the ability to purchase top breeding and racing prospects at a fraction of the cost of producing and maintaining breeding stock to potentially accomplish the same purpose. It appears obvious that, as long as the company enjoys its PGMRN advantage, that of identifying potential top breeding and racing fillies, mares, colts and stallions, it can produce these prospects at a much lower price than it can purchase them at this point in time. Therefore, the company is going to specialize in selecting these prospects until such time as it is more economical to purchase such horses. Having the ability to produce breeding and racing prospects at a substantially lower price than it would cost to purchase them, is a substantial benefit to the company. ~~PAGE 15~~ --------------------------------------------------------------------------------------------- RESULT OF OPERATION Power Genetics Mathematical Racing Numbers(tm) (PGMRN) ------------------------------------------------------ The minimum objective of the racing and breeding of prospects is to produce race horses that win graded-stakes races. The maximum the company is hoping for is that the horses can compete and win in the classic races. The company's PGMRN is the company's tool used to evaluate the potential of the racing and breeding ability of its race horses. This is the company's proprietary information. These indexes are, as far as the company understands, on the cutting edge of the horse industry, and very little data can be found elsewhere in the industry. Therefore, there are uncertainties involved in these Power Numbers. Specifically, will the company's colts' and fillies' Power Numbers as the colts and fillies reach maturity and racing age stay the same, increase or decrease? And exactly how accurate are the company's Power Numbers which will need further analysis of a controlled and uncontrolled class of horses further than the company has been able to develop at the present? MARKET MAKING The company is in the process of obtaining a market maker for its stock, and anticipates being on the Pink Sheets until the company meets the requirements of the OTC Bulletin Board. While the company is in the process of securing a market maker, there can be no guarantees that a market maker will be available, or that the company will meet their requirements in order to make a market for the company's securities. FINANCIAL CONDITION AND LIQUIDITY The Company expects to remain inactive. The Board of Directors intends to pay a substantial portion of the company's expenses, as determined on an on-going basis by the Board of Directors, until such time as the company is able to produce a profit. Economies of Scale ~Racing Numbers~ Horse racing numbers depicts the structure of the horse, the degrees and angles of connecting bones and tissues. The Company has developed a prototype race horse that the Company strives to obtain in its race horses. The Company has done breakthrough internal and external analysis giving the percentages (or odds) that a horse can race up to a grade one performance. Over the past 20 years and the Company racing its own race horses, the Company has perfected the angles and numbers associated with race horse success; however, we don't know what we don't know. While the Company has established its prototype horses on eight different points, there will still be unforeseeable situations that may arise. While the ~~PAGE 16~~ --------------------------------------------------------------------------------------------- Company has eliminated many of the inferior qualities of the race horses, there are still a percentage of horses that, even if meeting the prototype, will still be unable to perform at a grade-one classical level. Therefore the Company needs to purchase or breed three horses with the prototype racing numbers in order to achieve the highest degree of success. The Company is in solid financial condition at the present time. The officers and directors have paid the majority of the company's expenses, and the company enjoys a substantial cash basis in savings and in horse syndications. Item 3. Quantitative and Qualitative Disclosures About Market Risk. ==================================================================== HORSES The competition is catching up to the Company in one aspect of NCT's Proprietary PGMRN Number Indexes, specifically Index 6. For example, Lost In The Fog, a horse-of-the-year candidate in 2005, won ten straight races before being defeated in the Breeders Cup Championship Series Sprint race. Lost In The Fog was analyzed by a company that analyzes efficiency of stride. According to the Breeders Cup announcers, they analyzed length of stride and time in the air, and he was selected for this quality. This would imply that some individuals are beginning to understand and apply the relationship of Index 6 to a quality of the race horse. The competition is still behind the Company in using the total Power Numbers in selecting horses for breeding and racing. The indicators are that some owners and trainers are willing to go through the expense of analyzing Index indicator Number 6 to help in their selection process, especially the select Kentucky sales, where horses are sold for millions of dollars. However, the other indicators seem to be unnoticed at the present time in comparing horses that have good indicators to those that do not. Their price seems to be relatively the same, and no correspondence seems to exist between the poor and good indicators and the prices at which they are sold. The thoroughbred sales in auction prices. This gives the company a big advantage. The company can see the horses a day before the sale, analyze hundreds of horses using the complete Power Index Numbers rather than just Index 6, and purchase or bid on horses that have the complete package. D/B/A SHOWTIME SPORTS CARE Showtime Sports Care's competitors are Avon, NuSkin and ReLive, to name a few. The price/earnings ratio is approximately thirty times earnings. ~~PAGE 17~~ --------------------------------------------------------------------------------------------- Item 4. Controls and Procedures ================================ Evaluation of Disclosure Controls and Procedures ------------------------------------------------ The Company's management has evaluated, with the participation of its Chief Executive Officer and Chief Financial Officer, the effectiveness of its disclosure Controls and procedures (as defined in rules 13a-15(e) and 15d-15(e) of the Securities Exchange Act of 1934, as amended) as of September 30, 2023. Based on that evaluation, our Chief Executive Officer and Chief Financial Officer have concluded that our disclosure controls and procedures were effective as of September 30, 2023. Changes in Internal Controls over Financial Reporting ----------------------------------------------------- There were no changes in the Company's internal control over financial reporting during the fiscal quarter ended September 30, 2023 that have materially affected, or are reasonably likely to materially affect, the Company's internal control over financial reporting. PART II - OTHER INFORMATION Item 1: Legal Proceedings None Item 2: Unregistered Sales of Equity Securities and Use of Proceeds None Item 3: Defaults Upon Senior Securities None Item 4: Mine Safety Disclosures Not Applicable Item 5: Other Information None Item 6: Exhibits and Reports on Form 8-K Exhibit 31.1 - Certification of the Chief Executive Officer pursuant to Rule 13A-14 or 15D-14 of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. Exhibit 31.2 - Certification of the Acting Chief Financial Officer pursuant to Rule 13A-14 or 15D-14 of the Securities Exchange Act of 1934, as ~~PAGE 18~~ --------------------------------------------------------------------------------------------- adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. Exhibit 32.1 - Certification of the Chief Executive Officer pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. Exhibit 32.2 - Certification of the Acting Chief Financial Officer pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, and the Financial Statements of an Inactive Registrant pursuant to Regulation 17 CFR 210.3-11, the Registrant has duly caused this Report to be signed on its behalf by the undersigned thereunder duly authorized. Nevada Classic Thoroughbreds, Inc. Dated: November 15, 2023 By: /s/ Pamela Brimhall ---------------------------------- Pamela Brimhall Chief Accounting Officer and Acting Chief Financial Officer By: /s/ Pamela Brimhall ---------------------------------- Pamela Brimhall Chief Executive Officer ~~PAGE 19~~
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10-Q Filing
Nevada Classic Thoroughbreds 10-Q2024 Q1 Quarterly report
Filed: 15 Nov 23, 9:42am