Mercalot 10-Q 12 Feb 25 2025 Q2 Quarterly report Financial data

Cover

Cover	6 Months Ended
	Dec. 31, 2024 shares
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Dec. 31, 2024
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2025
Current Fiscal Year End Date	--06-30
Entity File Number	333-281804
Entity Registrant Name	MERCALOT INC.
Entity Central Index Key	0002029014
Entity Tax Identification Number	36-5105082
Entity Incorporation, State or Country Code	WY
Entity Address, Address Line One	C/ de l’Illa Formentera, 54
Entity Address, Address Line Two	Quatre Carreres
Entity Address, City or Town	Valencia
Entity Address, Country	ES
Entity Address, Postal Zip Code	46026
City Area Code	307
Local Phone Number	2630861
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	true
Entity Shell Company	false
Entity Common Stock, Shares Outstanding	4,040,000

BALANCE SHEETS

BALANCE SHEETS - USD ($)	Dec. 31, 2024	Jun. 30, 2024
Current Assets
Cash and cash equivalents	$ 11,216	$ 499
Total Current Assets	11,216	499
Total Intangible Assets, Net	42,296	47,000
Total Assets	53,512	47,499
Current Liabilities
Accounts payable-related party	8,000	0
Related party loan	56,819	49,230
Total Current Liabilities	64,819	49,230
Total Liabilities	64,819	49,230
Commitments and Contingencies
Stockholders’ Deficit
Common stock, par value $0.0001; 75,000,000 shares authorized, 4,040,000 shares issued and outstanding	404	300
Additional paid in capital	10,296	0
Accumulated deficit	(22,007)	(2,031)
Total Stockholders’ Deficit	(11,307)	(1,731)
Total Liabilities and Stockholders’ Deficit	$ 53,512	$ 47,499

BALANCE SHEETS (Parenthetical)

BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2024	Jun. 30, 2024
Statement of Financial Position [Abstract]
Common Stock, Par or Stated Value Per Share	$ 0.0001	$ 0.0001
Common Stock, Shares Authorized	75,000,000	75,000,000
Common Stock, Shares, Issued	4,040,000	4,040,000
Common Stock, Shares, Outstanding	4,040,000	4,040,000

STATEMENTS OF OPERATIONS (Unaud

STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Income Statement [Abstract]
REVENUES	$ 0	$ 0	$ 0	$ 0
OPERATING EXPENSES
General and Administrative Expenses	(3,960)	0	(15,272)	0
Amortization	(2,352)	0	(4,704)	0
TOTAL OPERATING EXPENSES	(6,312)	0	(19,976)	0
LOSS FROM OPERATIONS	(6,312)	0	(19,976)	0
PROVISION FOR INCOME TAXES	0	0	0	0
NET LOSS	$ (6,312)	$ 0	$ (19,976)	$ 0

STATEMENTS OF OPERATIONS (Una_2

STATEMENTS OF OPERATIONS (Unaudited) (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Income Statement [Abstract]
Earnings Per Share, Basic	$ 0	$ 0	$ 0	$ 0
Earnings Per Share, Diluted	$ 0	$ 0	$ 0	$ 0
Weighted Average Number of Shares Outstanding, Basic	3,199,185	0	3,099,592	0
Weighted Average Number of Shares Outstanding, Diluted	3,199,185	0	3,099,592	0

STATEMENT OF STOCKHOLDERS DEFIC

STATEMENT OF STOCKHOLDERS DEFICIT (Unaudited) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Beginning balance, value at Jun. 30, 2024	$ 300	$ 0	$ (2,031)	$ (1,731)
Shares outstanding at Jun. 30, 2024				3,000,000
Issuance of common stock	104	10,296		$ 10,400
Issuance of common stock, shares				1,040,000
Net loss			(19,976)	$ (19,976)
Ending balance, value at Dec. 31, 2024	404	10,296	(22,007)	$ (11,307)
Shares outstanding at Dec. 31, 2024				4,040,000
Beginning balance, value at Sep. 30, 2024	300	0	(15,695)	$ (15,395)
Shares outstanding at Sep. 30, 2024				3,000,000
Issuance of common stock	104	10,296		$ 10,400
Issuance of common stock, shares				1,040,000
Net loss			(6,312)	$ (6,312)
Ending balance, value at Dec. 31, 2024	$ 404	$ 10,296	$ (22,007)	$ (11,307)
Shares outstanding at Dec. 31, 2024				4,040,000

STATEMENT OF CASH FLOWS (Unaudi

STATEMENT OF CASH FLOWS (Unaudited) - USD ($)	3 Months Ended	6 Months Ended
	Dec. 31, 2024	Dec. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (6,312)	$ (19,976)
Adjustments to reconcile net loss to net cash provided by operations:
Amortization Expense	2,352	4,704
Accounts payable-related party		8,000
CASH FLOWS FROM OPERATING ACTIVITIES		(7,272)
CASH FLOWS FROM FINANCING ACTIVITIES
Related Party Loans		7,589
Issuance of stock for cash		10,400
CASH FLOWS FROM FINANCING ACTIVITIES		17,989
NET CHANGE IN CASH		10,717
Cash, beginning of period		499
Cash, end of period	$ 11,216	11,216
SUPPLEMENTAL CASH FLOW INFORMATION:
Interest paid		0
Income taxes paid		$ 0

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Pay vs Performance Disclosure [Table]
Net Income (Loss)	$ (6,312)	$ 0	$ (19,976)	$ 0

Insider Trading Arrangements

Insider Trading Arrangements	6 Months Ended
	Dec. 31, 2024
Trading Arrangements, by Individual [Table]
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

ORGANIZATION AND NATURE OF BUSI

ORGANIZATION AND NATURE OF BUSINESS	6 Months Ended
	Dec. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION AND NATURE OF BUSINESS	Note 1 – ORGANIZATION AND NATURE OF BUSINESS Mercalot Inc. (“the Company”) was incorporated on April 24, 2024 under the laws of the state of Wyoming. We are a development stage company that is providing an informational online commerce and classifieds platform, which are also known as online marketplace. We have purchased a mobile application known as “SafeDeal Connect”, which is already working and ready to use. Also, we have the website, which is a representation of our application and introduces its functions to users. Our executive and business office is located at C/ de l'Illa Formentera, 54, Quatre Carreres, 46026 Valencia, Spain, and our telephone number is +13072630861.

GOING CONCERN

GOING CONCERN	6 Months Ended
	Dec. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
GOING CONCERN	Note 2 – GOING CONCERN The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States (“GAAP”), which contemplate continuation of the Company as a going concern. The Company had no 22,007 19,976

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Dec. 31, 2024
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Note 3 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of presentation The accompanying financial statements have been prepared in accordance with GAAP. The Company’s year-end is June 30. Development Stage Company The Company is a development stage company as defined in ASC 915 “Development Stage Entities”. The Company is devoting substantially all of its efforts on establishing the business and its planned principal operations have not commenced. All losses accumulated since Inception has been considered as part of the Company's development stage activities. The Company has elected to adopt application of Accounting Standards Update No. 2014-10, Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements. Upon adoption, the Company no longer presents or discloses inception-to-date information and other remaining disclosure requirements of Topic 915. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates. Due to the limited level of operations, the Company has not had to make material assumptions or estimates other than the assumption that the Company is a going concern. Cash and Cash Equivalents The Company considers all highly liquid investments with original maturities of three months or less to be cash equivalents. Income Taxes Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized. Fair Value of Financial Instruments ASC topic 820 “Fair Value Measurements and Disclosures” establishes a three-tier fair value hierarchy, which prioritizes the inputs in measuring fair value. The hierarchy prioritizes the inputs into three levels based on the extent to which inputs used in measuring fair value are observable in the market. These tiers include: Level 1: defined as observable inputs such as quoted prices in active markets; Level 2: defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and Level 3: defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions. The carrying value of cash and the Company’s loan from shareholder approximates their fair value due to its short-term maturity. Stock-Based Compensation Stock-based compensation is accounted for at fair value in accordance with ASC Topic 718. To date, the Company has not adopted a stock option plan and has not granted any stock options. Basic Income (Loss) Per Share The Company computes income (loss) per share in accordance with ASC 260 “Earnings per Share”. Basic loss per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted income (loss) per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive. For the six months ended December 31, 2024 there were no Recent Accounting Pronouncements We have reviewed all the recently issued, but not yet effective and thus not disclosed here, accounting pronouncements and we do not believe any of those pronouncements will have a material impact on the Company’ financial position, results of operations or cash flows.

INTANGIBLE ASSETS

INTANGIBLE ASSETS	6 Months Ended
	Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
INTANGIBLE ASSETS	Note 4 – INTANGIBLE ASSETS The Company follows the provisions of ASC 985, Software, which requires that all costs relating to the purchase or internal development and production of software products to be sold, leased or otherwise marketed, be expensed in the period incurred unless the requirements for technological feasibility have been established. The Company amortizes these costs using the straight-line method over the remaining estimated economic life of the product. As of December 31, 2024, the Company purchased а mobile application and website for $ 47,000 4,704

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	6 Months Ended
	Dec. 31, 2024
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	Note 5 – RELATED PARTY TRANSACTIONS On April 30, 2024, we issued a total of 3,000,000 300 As of December 31, 2024, the Company owed $ 56,819

COMMON STOCK

COMMON STOCK	6 Months Ended
	Dec. 31, 2024
Equity [Abstract]
COMMON STOCK	Note 6 – COMMON STOCK On April 30, 2024, the Company issued a total of 3,000,000 300 In December 2024, the Company issued 1,040,000 10,400 As of December 31, 2024, the Company had 4,040,000

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Dec. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	Note 7 – COMMITMENTS AND CONTINGENCIES From time-to-time, the Company is subject to various litigation and other claims in the normal course of business. The Company establishes liabilities in connection with legal actions that management deems to be probable and estimable (if any). No such event or amounts have been accrued in the financial statements with respect to any litigation or other claim matters.

INCOME TAXES

INCOME TAXES	6 Months Ended
	Dec. 31, 2024
Income Tax Disclosure [Abstract]
INCOME TAXES	Note 8 – INCOME TAXES On December 22, 2017, the President of the United States signed into law the Tax Cuts and Jobs Act (“Tax Reform Act”). The legislation significantly changes U.S. tax law by, among other things, lowering corporate income tax rates, implementing a territorial tax system and imposing a transition tax on deemed repatriated earnings of foreign subsidiaries. The Tax Reform Act permanently reduces the U.S. corporate income tax rate from a maximum of 35% to a flat 21% rate, effective January 1, 2018. As a result of the reduction in the U.S. corporate income tax rate from 34% to 21% under the Tax Reform Act, the Company revalued its ending net deferred tax assets. The reconciliation of income tax benefit (expenses) at the U.S. statutory rate at 21% for the period ended December 31, 2024 as follows: Schedule of income taxes December 31, 2024 June 30, 2024 Net operating loss carry forward $ (4,621 ) $ (427 ) Valuation allowance 4,621 427 Net deferred tax assets $ – $ – The tax effects of temporary differences that give rise to significant portions of the net deferred tax assets are as follows: Reconciliation of tax expense (benefit) December 31, 2024 June 30, 2024 Computed “expected” tax expense (benefit) $ (4,621 ) $ (427 ) Change in valuation allowance 4,621 427 Actual tax expense (benefit) $ – $ – The Company has accumulated approximately $ 22,007

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Dec. 31, 2024
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	Note 9 – SUBSEQUENT EVENTS In accordance with ASC 855, “Subsequent Events”, the Company has analyzed its operations subsequent to December 31, 2024, to the date these financial statements were issued, and has determined that it does not have any material subsequent events to disclose in these financial statements, other than the issuance of an additional 1,320,200 shares for $13,202 to 18 shareholders.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Dec. 31, 2024
Accounting Policies [Abstract]
Basis of presentation	Basis of presentation The accompanying financial statements have been prepared in accordance with GAAP. The Company’s year-end is June 30.
Development Stage Company	Development Stage Company The Company is a development stage company as defined in ASC 915 “Development Stage Entities”. The Company is devoting substantially all of its efforts on establishing the business and its planned principal operations have not commenced. All losses accumulated since Inception has been considered as part of the Company's development stage activities. The Company has elected to adopt application of Accounting Standards Update No. 2014-10, Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements. Upon adoption, the Company no longer presents or discloses inception-to-date information and other remaining disclosure requirements of Topic 915.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates. Due to the limited level of operations, the Company has not had to make material assumptions or estimates other than the assumption that the Company is a going concern.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all highly liquid investments with original maturities of three months or less to be cash equivalents.
Income Taxes	Income Taxes Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized.
Fair Value of Financial Instruments	Fair Value of Financial Instruments ASC topic 820 “Fair Value Measurements and Disclosures” establishes a three-tier fair value hierarchy, which prioritizes the inputs in measuring fair value. The hierarchy prioritizes the inputs into three levels based on the extent to which inputs used in measuring fair value are observable in the market. These tiers include: Level 1: defined as observable inputs such as quoted prices in active markets; Level 2: defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and Level 3: defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions. The carrying value of cash and the Company’s loan from shareholder approximates their fair value due to its short-term maturity.
Stock-Based Compensation	Stock-Based Compensation Stock-based compensation is accounted for at fair value in accordance with ASC Topic 718. To date, the Company has not adopted a stock option plan and has not granted any stock options.
Basic Income (Loss) Per Share	Basic Income (Loss) Per Share The Company computes income (loss) per share in accordance with ASC 260 “Earnings per Share”. Basic loss per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted income (loss) per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive. For the six months ended December 31, 2024 there were no
Recent Accounting Pronouncements	Recent Accounting Pronouncements We have reviewed all the recently issued, but not yet effective and thus not disclosed here, accounting pronouncements and we do not believe any of those pronouncements will have a material impact on the Company’ financial position, results of operations or cash flows.

INCOME TAXES (Tables)

INCOME TAXES (Tables)	6 Months Ended
	Dec. 31, 2024
Income Tax Disclosure [Abstract]
Schedule of income taxes	Schedule of income taxes December 31, 2024 June 30, 2024 Net operating loss carry forward $ (4,621 ) $ (427 ) Valuation allowance 4,621 427 Net deferred tax assets $ – $ –
Reconciliation of tax expense (benefit)	Reconciliation of tax expense (benefit) December 31, 2024 June 30, 2024 Computed “expected” tax expense (benefit) $ (4,621 ) $ (427 ) Change in valuation allowance 4,621 427 Actual tax expense (benefit) $ – $ –

GOING CONCERN (Details Narrativ

GOING CONCERN (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Revenues	$ 0	$ 0	$ 0	$ 0
Accumulated deficit	22,007		22,007		$ 2,031
Net loss	$ 6,312	$ 0	$ 19,976	$ 0

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative)	6 Months Ended
	Dec. 31, 2024 shares
Accounting Policies [Abstract]
Antidilutive shares	0

INTANGIBLE ASSETS (Details Narr

INTANGIBLE ASSETS (Details Narrative)	6 Months Ended
	Dec. 31, 2024 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible asset, gross	$ 47,000
Amortization expense	$ 4,704

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	1 Months Ended	3 Months Ended	6 Months Ended
	Apr. 30, 2024	Dec. 31, 2024	Dec. 31, 2024	Jun. 30, 2024
Related Party Transaction [Line Items]
Stock issued new, shares		1,040,000	1,040,000
Proceeds from issuance of common stock			$ 10,400
Accounts payable, related party		$ 8,000	8,000	$ 0
Reyes And Vargas [Member]
Related Party Transaction [Line Items]
Accounts payable, related party		$ 56,819	$ 56,819
Restricted Common Stock [Member] | Blas Mayor Reyes [Member]
Related Party Transaction [Line Items]
Stock issued new, shares	3,000,000
Proceeds from issuance of common stock	$ 300

COMMON STOCK (Details Narrative

COMMON STOCK (Details Narrative) - USD ($)	1 Months Ended		3 Months Ended	6 Months Ended
	Dec. 31, 2024	Apr. 30, 2024	Dec. 31, 2024	Dec. 31, 2024	Jun. 30, 2024
Class of Stock [Line Items]
Stock issued new, shares			1,040,000	1,040,000
Proceeds from issuance of common stock				$ 10,400
Common Stock, Shares, Issued	4,040,000		4,040,000	4,040,000	4,040,000
Common Stock, Shares, Outstanding	4,040,000		4,040,000	4,040,000	4,040,000
Restricted Common Stock [Member] | Blas Mayor Reyes [Member]
Class of Stock [Line Items]
Stock issued new, shares		3,000,000
Proceeds from issuance of common stock		$ 300
Common Stock [Member]
Class of Stock [Line Items]
Stock issued new, shares	1,040,000
Proceeds from issuance of common stock	$ 10,400

INCOME TAXES (Details - Deferre

INCOME TAXES (Details - Deferred tax assets) - USD ($)	Dec. 31, 2024	Jun. 30, 2024
Income Tax Disclosure [Abstract]
Net operating loss carry forward	$ (4,621)	$ (427)
Valuation allowance	4,621	427
Net deferred tax assets	$ 0	$ 0

INCOME TAXES (Details - Income

INCOME TAXES (Details - Income tax expense) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023	Jun. 30, 2024
Income Tax Disclosure [Abstract]
Computed “expected” tax expense (benefit)			$ (4,621)		$ (427)
Change in valuation allowance			4,621		427
Actual tax expense (benefit)	$ 0	$ 0	$ 0	$ 0	$ 0

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative)	Dec. 31, 2024 USD ($)
Income Tax Disclosure [Abstract]
Operating loss carryforward	$ 22,007