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Bally, Corp. – ‘10-Q’ for 6/30/20 – ‘R9’

On:  Thursday, 8/13/20, at 4:25pm ET   ·   For:  6/30/20   ·   Accession #:  1640334-20-2084   ·   File #:  333-192387

Previous ‘10-Q’:  ‘10-Q’ on 5/8/20 for 3/31/20   ·   Next:  ‘10-Q’ on 2/17/21 for 12/31/20   ·   Latest:  ‘10-Q’ on 5/6/24 for 3/31/24

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 8/13/20  Bally, Corp.                      10-Q        6/30/20   25:894K                                   Pubco Reporting … Inc/FA

Quarterly Report   —   Form 10-Q
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML    217K 
 2: EX-31.1     Certification -- §302 - SOA'02                      HTML     14K 
 3: EX-32.1     Certification -- §906 - SOA'02                      HTML     10K 
10: R1          Cover                                               HTML     59K 
11: R2          Balance Sheets                                      HTML     45K 
12: R3          Balance Sheets (Parenthetical)                      HTML     27K 
13: R4          Statements of Operations (Unaudited)                HTML     34K 
14: R5          Statements of Changes in Stockholders' Deficit      HTML     27K 
                (Unaudited)                                                      
15: R6          Statements of Cash Flows (Unaudited)                HTML     35K 
16: R7          Organization and Description of Business            HTML     13K 
17: R8          Summary of Significant Accounting Policies          HTML     13K 
18: R9          Going Concern and Liquidity Considerations          HTML     15K 
19: R10         Related Party Transactions                          HTML     12K 
20: R11         Summary of Significant Accounting Policies          HTML     13K 
                (Policies)                                                       
21: R12         Related Party Transactions (Details Narrative)      HTML     16K 
23: XML         IDEA XML File -- Filing Summary                      XML     34K 
 9: XML         XBRL Instance -- blyq_10q_htm                        XML    204K 
22: EXCEL       IDEA Workbook of Financial Reports                  XLSX     18K 
 6: EX-101.CAL  XBRL Calculations -- blyq-20200630_cal               XML     38K 
 8: EX-101.DEF  XBRL Definitions -- blyq-20200630_def                XML     41K 
 5: EX-101.LAB  XBRL Labels -- blyq-20200630_lab                     XML    180K 
 7: EX-101.PRE  XBRL Presentations -- blyq-20200630_pre              XML    130K 
 4: EX-101.SCH  XBRL Schema -- blyq-20200630                         XSD     34K 
24: JSON        XBRL Instance as JSON Data -- MetaLinks               66±    92K 
25: ZIP         XBRL Zipped Folder -- 0001640334-20-002084-xbrl      Zip     40K 


‘R9’   —   Going Concern and Liquidity Considerations


This is an IDEA Financial Report.  [ Alternative Formats ]



 
v3.20.2
GOING CONCERN AND LIQUIDITY CONSIDERATIONS
9 Months Ended
GOING CONCERN AND LIQUIDITY CONSIDERATIONS  
NOTE 3 - GOING CONCERN AND LIQUIDITY CONSIDERATIONS

NOTE 3 - GOING CONCERN AND LIQUIDITY CONSIDERATIONS

 

The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has not generated any revenues since inception and has an accumulated deficit of $238,015. These factors among others raise substantial doubt about the ability of the Company to continue as a going concern for a reasonable period of time. The accompanying financial statements do not include any adjustments that might result from the outcome of this uncertainty.

The continuing operations of the Company are dependent upon its ability to continue to raise adequate financing and to commence profitable operations in the future and repay its liabilities arising from normal business operations as they become due. We have no assurance that future financing will be available to us on acceptable terms. If financing is not available on satisfactory terms, we may be unable to continue, develop or expand our operations. Equity financing could result in additional dilution to existing shareholders.

 

In support of the Company’s efforts and cash requirements, it may rely on advances from related parties until such time that the Company can support its operations or attains adequate financing through sales of its equity or traditional debt financing. There is no formal written commitment for continued support by shareholders or directors.

 

COVID-19

 

A novel strain of coronavirus (COVID-19) was first identified in December 2019, and subsequently declared a global pandemic by the World Health Organization on March 11, 2020. As a result of the outbreak, many companies have experienced disruptions in their operations and in markets served. The Company has instituted some and may take additional temporary precautionary measures intended to help ensure the well-being of its managers and minimize business disruption. The Company considered the impact of COVID-19 on the assumptions and estimates used and determined that there were no material adverse impacts on the Company’s results of operations and financial position at June 30, 2020. The full extent of the future impacts of COVID-19 on the Company’s operations is uncertain. A prolonged outbreak could have a material adverse impact on financial results and business operations of the Company, including the timing and ability of the Company to obtain financing to fund the operation and to develop its business plan.


Dates Referenced Herein

This ‘10-Q’ Filing    Date    Other Filings
Filed on:8/13/20None on these Dates
For Period end:6/30/20
3/11/20
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Filing Submission 0001640334-20-002084   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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