E-Smart Corp. Files Q1 2025 10-Q

TL;DR

E-Smart Corp. 10-Q filed for Q1 2025, covering period ending Nov 30, 2024.

AI Summary

E-Smart Corp. filed its 10-Q for the period ending November 30, 2024, reporting on its financial performance. The company, incorporated in Nevada and operating in computer programming services, is headquartered in Philadelphia, PA. The filing covers the first quarter of its fiscal year, which ends on August 31st.

Why It Matters

This filing provides investors and stakeholders with an update on E-Smart Corp.'s financial health and operational performance for the first quarter of their fiscal year.

Risk Assessment

Risk Level: low — This is a routine quarterly filing with no immediate red flags or significant new information presented in the provided snippet.

Key Players & Entities

• E-Smart Corp. (company) — Filer of the 10-Q
• 0001995920-25-000007 (other) — Accession Number for the filing
• 20241130 (date) — End of the reporting period
• 20250114 (date) — Filing date
• 7371 (other) — Standard Industrial Classification code for Services-Computer Programming Services
• NV (other) — State of Incorporation
• 0831 (date) — Fiscal Year End

FAQ

Key Financial Figures

• $56,729 — accumulated deficit since inception of $56,729 as of November 30, 2024. The Company's
• $1,700 — s ended November 30, 2024 we recognized $1,700 of server expense. Accounts Payable
• $0 — or the period ended August 31, 2023 was $0. As of August 31, 2023, the amount of i
• $16,500 — 023, the amount of intangible assets is $16,500. As of November 30, 2024, the amount of
• $8,690 — hree months ended November 30, 2024 was $8,690. Amortization expense for the all perio
• $0.0001 — MON STOCK The Company has 75,000,000, $0.0001 par value shares of common stock author
• $0.001 — t and Incorporator, Diana Vasylenko, at $0.001 per share. During the three months en
• $0.0225 — es of common stock for cash proceeds at $0.0225 per share for a total of $22,950. As o
• $22,950 — eds at $0.0225 per share for a total of $22,950. As of November 30, 2024, the Company
• $70,000 — O. The lender agreed to lend a total of $70,000 payable in applicable installments over
• $220,000 — increase maximum amount of the Loan to $220,000. The amount due under the Loan was $ 17
• $2,359 — spectively. Imputed interest expense of $2,359 for the three months ended November 30,
• $6,288 — $0.0225 per share for cash proceeds of $6,288. 11 ITEM 2. MANAGEMENT' DISCUSSION
• $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

Filing Documents

• esmart10q30nov2024.htm (10-Q) — 265KB
• ex31.htm (EX-31.1) — 8KB
• ex32.htm (EX-32.1) — 4KB
• 0001995920-25-000007.txt ( ) — 1454KB
• none-20241130.xsd (EX-101.SCH) — 12KB
• none-20241130_cal.xml (EX-101.CAL) — 24KB
• none-20241130_def.xml (EX-101.DEF) — 14KB
• none-20241130_lab.xml (EX-101.LAB) — 107KB
• none-20241130_pre.xml (EX-101.PRE) — 78KB
• esmart10q30nov2024_htm.xml (XML) — 108KB

Financial Statements (Unaudited)

Financial Statements (Unaudited) 3 Condensed Balance Sheets as of November 30, 2024 and August 31, 2024 (audited) 4 Condensed Statements of Operations for the three months ended November 30, 2024 and 2023 (Unaudited) 5 Condensed Statements of Changes in Stockholders' Equity (Deficit) for the three months ended November 30, 2024 and 2023 (Unaudited) 6 Condensed Statements of Cash Flows for the three months ended November 30, 2024 and 2023 (Unaudited) 7 Notes to the Condensed Financial Statements for the three months ended November 30, 2024 and 2023 (Unaudited) 8 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 13 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 15 Item 4.

Controls and Procedures

Controls and Procedures 15 PART II OTHER INFORMATION: Item 1.

Legal Proceedings

Legal Proceedings 17 Item 1A

Risk Factors

Risk Factors 17 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 17 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 18 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. Condensed Balance Sheets as of November 30, 2024 and August 31, 2024 (audited) November 30, 2024 (unaudited) August 31, 2024 (audited) ASSETS Current Assets Cash and cash equivalents $ 3,945 $ 546 Total Current Assets $ 3,945 $ 546 Other Current Assets Prepaid Expenses $ 18,321 $ - Total Other Current Assets $ 18,321 $ - Fixed Assets Intangible assets, net $ 173,800 $ 173,800 Accumulated Amortization ( 33,548 ) ( 24,858 ) Total Fixed Assets $ 140,252 $ 148,942 Total Assets $ 162,518 $ 149,488 LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) Liabilities Current Liabilities Related Party Loans $ 179,808 $ 180,297 Deferred Revenue 2,725 - Total Current Liabilities $ 182,533 $ 180,297 Total Liabilities $ 182,533 $ 180,297 Stockholders' Equity (Deficit) Common stock, par value $ 0.001 ; 45,000,000 shares authorized, 5,520,003 shares issued and outstanding as of November 30, 2024 and 4,500,000 as of August 31, 2024 5,520 4,500 Additional Paid-in Capital 31,194 6,905 Accumula

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