AB International Group Corp. Files Q1 2025 10-Q
Ticker: AERA · Form: 10-Q · Filed: Jan 14, 2025 · CIK: 1605331
| Field | Detail |
|---|---|
| Company | Ab International Group CORP. (AERA) |
| Form Type | 10-Q |
| Filed Date | Jan 14, 2025 |
| Risk Level | low |
| Pages | 15 |
| Reading Time | 18 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, quarterly-filing, financials
TL;DR
AB International Group Corp. filed its Q1 2025 10-Q, check financials.
AI Summary
AB International Group Corp. filed its 10-Q for the period ending November 30, 2024. The filing covers the first quarter of their fiscal year, which began on September 1, 2024. The company's principal executive offices are located at 144 Main Street, Suite 1009, Mt. Kisco, NY 10549.
Why It Matters
This filing provides investors with an update on AB International Group Corp.'s financial performance and position for the first quarter of fiscal year 2025.
Risk Assessment
Risk Level: low — This is a routine quarterly filing and does not contain immediate red flags.
Key Players & Entities
- AB International Group Corp. (company) — Filer of the 10-Q
- 144 Main Street, Suite 1009, Mt. Kisco, NY 10549 (location) — Company's business and mailing address
- November 30, 2024 (date) — End of the reporting period
- September 1, 2024 (date) — Beginning of the reporting period
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is November 30, 2024.
When did the fiscal quarter covered by this filing begin?
The fiscal quarter covered by this filing began on September 1, 2024.
What is the company's state of incorporation?
The company's state of incorporation is NV (Nevada).
What is the company's SIC code and industry classification?
The company's SIC code is 6794 and it is classified as PATENT OWNERS & LESSORS.
What is the company's fiscal year end?
The company's fiscal year end is August 31.
Filing Stats: 4,438 words · 18 min read · ~15 pages · Grade level 16.8 · Accepted 2025-01-14 13:25:44
Filing Documents
- abqq10q1_113024.htm (10-Q) — 874KB
- ex31_1.htm (EX-31.1) — 9KB
- ex31_2.htm (EX-31.2) — 9KB
- ex32_1.htm (EX-32.1) — 4KB
- 0001663577-25-000023.txt ( ) — 4846KB
- abqq-20241130.xsd (EX-101.SCH) — 40KB
- abqq-20241130_cal.xml (EX-101.CAL) — 42KB
- abqq-20241130_def.xml (EX-101.DEF) — 149KB
- abqq-20241130_lab.xml (EX-101.LAB) — 269KB
- abqq-20241130_pre.xml (EX-101.PRE) — 229KB
- abqq10q1_113024_htm.xml (XML) — 773KB
Legal Proceedings
Legal Proceedings 11 Item 1A:
Risk Factors
Risk Factors 11 Item 2: Unregistered Sales of Equity Securities and Use of Proceeds 11 Item 3: Defaults Upon Senior Securities 11 Item 4: Mine Safety Disclosures 11 Item 5: Other Information 11 Item 6: Exhibits 11 2 Table of Contents
- FINANCIAL INFORMATION
PART I - FINANCIAL INFORMATION Item 1. Financial Statements Our unaudited consolidated
financial statements included in this Form 10-Q are as follows
financial statements included in this Form 10-Q are as follows: F-1 Consolidated Balance Sheets as of November 30, 2024 and August 31, 2024 (unaudited); F-2 Consolidated Statements of Operations for the three months ended November 30, 2024 and 2023 (unaudited); F-3 Consolidated Statements of Changes in Stockholders' Equity for the three months ended November 30, 2024 and 2023 (unaudited); F-4 Consolidated Statements of Cash Flows for the three months ended November 30, 2024 and 2023 (unaudited); and F-5
Notes to Consolidated Financial Statements
Notes to Consolidated Financial Statements (unaudited) 3 Table of Contents AB INTERNATIONAL GROUP CORP. Consolidated Balance Sheets (Unaudited) November 30, August 31, 2024 2024 ASSETS Current Assets Cash and cash equivalents $ 266,726 $ 64,430 Accounts receivable 226,211 624,572 Total Current Assets 492,937 689,002 Property and equipment, net 3,898 4,375 Right of use operating lease assets, net 443,799 494,506 Intangible assets, net 296,318 370,924 Purchase deposits for intangible assets, non-current 940,123 745,123 Security deposit 45,240 45,240 TOTAL ASSETS $ 2,222,315 $ 2,349,170 LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities Accounts payable and accrued liabilities $ 51,609 $ 30,945 Loan from related party 154,361 193,174 Current portion of obligations under operating leases 248,871 247,266 Deferred revenue 57,000 57,000 Total Current Liabilities 511,841 528,385 Obligations under operating leases, non-current 298,310 360,883 Total Liabilities 810,151 889,268 Stockholders' Equity Preferred stock, $ 0.001 par value, 10,000,000 preferred shares authorized; Series A preferred stock, 100,000 and 100,000 shares issued and outstanding, as of November 30, 2024 and August 31, 2024, respectively 100 100 Common stock, $ 0.001 par value, 10,000,000,000 shares authorized; 2,281,266,321 and 2,281,266,321 shares issued and outstanding, as of November 30, 2024 and August 31, 2024, respectively 2,281,266 2,281,266 Additional paid-in capital 11,026,501 11,024,203 Accumulated deficit ( 11,895,703 ) ( 11,845,667 ) Total Stockholders' Equity 1,412,164 1,459,902 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 2,222,315 $ 2,349,170 The accompanying notes are an integral part of these financial statements. F-1 Table of Contents AB INTERNATIONAL GROUP CORP. Consolidated Statements of Operations (Unaudited) Three Months Ended November 30, 2024 2