E-Smart Corp. Files 10-Q, Reports Financials

TL;DR

E-Smart Corp. 10-Q filed: Equity accounts updated for Q3 FY24. Check financials.

AI Summary

E-Smart Corp. filed its 10-Q for the period ending May 31, 2024, reporting on its financial performance. The filing details changes in common stock, additional paid-in capital, and retained earnings across various reporting periods, including the three months and nine months ended May 31, 2024, and the fiscal year ended August 31, 2023.

Why It Matters

This filing provides investors and analysts with a detailed look at E-Smart Corp.'s financial health and changes in its equity structure, crucial for understanding the company's financial position.

Risk Assessment

Risk Level: low — This is a routine quarterly financial filing with no immediate red flags or significant new risks indicated.

Key Numbers

• 0831 — Fiscal Year End (Indicates the end of E-Smart Corp.'s fiscal year.)
• 2024-05-31 — Period End Date (The date through which financial information is reported in this 10-Q.)
• 2023-09-01 — Quarter Start Date (The beginning of the nine-month period reported.)

Key Players & Entities

• E-Smart Corp. (company) — Filer of the 10-Q
• 2024-05-31 (date) — End of the reporting period
• 2023-08-31 (date) — End of the prior fiscal year
• 7311 OXFORD AVE (address) — Company's business and mailing address
• PHILADELPHIA (city) — Company's business and mailing city
• PA (state) — Company's business and mailing state
• 19111 (zip_code) — Company's business and mailing zip code

FAQ

Key Financial Figures

• $116 — h e q u i v a le n t s. The Company had $116 of cash as of May 31, 2024. Prepaid Ex
• $0 — d at fair market value. The Company had $0 in prepaid expenses as of May 31, 2024.
• $16,608 — e for the period ended May 31, 2024 was $16,608. As of May 31, 2024, the amount of inta
• $157,192 — 024, the amount of intangible assets is $157,192. 8 E-SMART Corp. NOTES TO THE UNAUD
• $6,806 — May 31, 2024 the Company has generated $6,806 revenue. Comprehensive Income Compre
• $180,297 — nd. The balance due to the director was $180,297 as of May 31, 2024. E-SMART CORP. NO
• $0.001 — MON STOCK The Company has 75,000,000, $0.001 par value shares of common stock author
• $700 million — eld by non-affiliates equals or exceeds $700 million as of the end of that year's second fis
• $1.235 billion — h we have total annual gross revenue of $1.235 billion or more during such fiscal year (as ind
• $1.00 billion — date on which we have issued more than $1.00 billion in non-convertible debt in the prior th

Filing Documents

• e_smart10q31may2024.htm (10-Q) — 223KB
• ex31.htm (EX-31.1) — 8KB
• ex32.htm (EX-32.1) — 4KB
• image_001.jpg (GRAPHIC) — 0KB
• 0001995920-24-000016.txt ( ) — 1271KB
• none-20240531_cal.xml (EX-101.CAL) — 19KB
• none-20240531.xsd (EX-101.SCH) — 11KB
• none-20240531_def.xml (EX-101.DEF) — 12KB
• none-20240531_lab.xml (EX-101.LAB) — 97KB
• none-20240531_pre.xml (EX-101.PRE) — 71KB
• e_smart10q31may2024_htm.xml (XML) — 85KB

Financial Statements (Unaudited)

Financial Statements (Unaudited) 3 Balance Sheets as of August 31, 2023 (Audited) and May 31, 2024 (Unaudited) and August 31, 2023 4 Interim Unaudited Statement of Operations for the three and nine months ended May 31, 2024 5 6 Interim Unaudited Statement of Cash Flows for the nine months ended May 31, 2024 7 Notes to the Interim Unaudited Financial Statements 9 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 11 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 16 Item 4.

Controls and Procedures

Controls and Procedures 16 PART II OTHER INFORMATION: Item 1.

Legal Proceedings

Legal Proceedings 16 Item 1A

Risk Factors

Risk Factors 16 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 16 Item 3. Defaults Upon Senior Securities 17 Item 4. Submission of Matters to a Vote of Securities Holders 17 Item 5. Other Information 17 Item 6. Exhibits 17

Signatures

Signatures 2 PART 1 – FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements The accompanying interim financial statements of E-SMART CORP. ("the Company", "we", "us" or "our"), have been prepared without audit pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with United States generally accepted principles have been condensed or omitted pursuant to such rules and regulations. The interim financial statements are condensed and should be read in conjunction with the company's latest annual financial statements. In the opinion of management, the financial statements contain all material adjustments, consisting only of normal adjustments considered necessary to present fairly the financial condition, results of operations, and cash flows of the Company for the interim periods presented. 3 E-SMART CORP. BALANCE SHEET As of May 31,2024 and August 31, 2023 May 31, 2024 (unaudited) August 31, 2023 (audited) ASSETS Current Assets Cash and cash equivalents $ 5 225 Total Current Assets $ 5 225 Fixed Assets Intangible assets, net $ 157,192 16,500 Total Fixed Assets $ 157,192 16,500 Total Assets $ 157,197 16,725 LIABILITIES AND STOCKHOLDERS' EQUITY Liabilities Current Liabilities Related Party Loans $ 180,298 11,704 Deferred Revenue 307 1,500 Total Current Liabilities $ 180,604 13,204 Total Liabilities $ 180,604 13,204 Stockholder's Equity Common stock, par value $ 0.001 ; 45,000,000 shares authorized, 4,500,000 shares issued and outstanding as of August 31, 2023 and May 31, 2024 4,500 4,500 Accumulated deficit ( 27,908 ) ( 979 ) Total Stockholder's Equity/(Deficit) $ ( 23,408 ) 3,521 Total Liabilities and Stockholder's Equity / (Deficit) $ 157,197 16,725 4 E-SMART CORP. For three and nine months ended May 31, 2024 (UNAUDITED) Three months ended May 31, 2024

View Full Filing

View this 10-Q filing on SEC EDGAR