EvoAir Holdings Inc. Files 10-Q for Period Ending November 30, 2023

TL;DR

<b>EvoAir Holdings Inc. has filed its quarterly report (10-Q) for the period ending November 30, 2023.</b>

AI Summary

EvoAir Holdings Inc. (EVOH) filed a Quarterly Report (10-Q) with the SEC on January 16, 2024. EvoAir Holdings Inc. filed a 10-Q report for the period ending November 30, 2023. The filing covers the first quarter of the fiscal year 2024. The company's fiscal year ends on August 31st. EvoAir Holdings Inc. was formerly known as UNEX HOLDINGS INC. until March 14, 2017. The company is incorporated in Nevada (NV).

Why It Matters

For investors and stakeholders tracking EvoAir Holdings Inc., this filing contains several important signals. This filing provides investors with an update on the company's financial performance and position during the first quarter of its fiscal year. Understanding the details within this 10-Q is crucial for assessing EvoAir's operational progress and potential future performance.

Risk Assessment

Risk Level: — EvoAir Holdings Inc. shows moderate risk based on this filing. The filing is a standard 10-Q, indicating routine financial reporting without immediate red flags.

Analyst Insight

Review the detailed financial statements and management's discussion and analysis within the 10-Q to understand EvoAir's current operational and financial health.

Key Numbers

• 2023-11-30 — Reporting Period End Date (10-Q filing)
• 2024-01-16 — Filing Date (10-Q filing)
• 08-31 — Fiscal Year End (Company fiscal year)

Key Players & Entities

• EvoAir Holdings Inc. (company) — Filer name
• UNEX HOLDINGS INC. (company) — Former company name
• 2023-11-30 (date) — Reporting period end date
• 2024-01-16 (date) — Filing date
• NV (state) — State of incorporation
• KUALA LUMPUR (location) — Business address city

FAQ

Industry Context

EvoAir Holdings Inc. operates in the Air Conditioning & Warm Air Heating Equipment & Commercial & Industrial Refrigeration Equipment industry.

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934, requiring regular disclosure of financial information.

What Investors Should Do

1. Analyze the balance sheet for changes in assets, liabilities, and equity.
2. Review the income statement for revenue and profitability trends.
3. Examine the cash flow statement for operating, investing, and financing activities.

Key Dates

• 2023-11-30: Quarterly Period End — End of the reporting period for the 10-Q filing.
• 2024-01-16: Filing Date — Date the 10-Q was officially filed with the SEC.

Year-Over-Year Comparison

This is the first 10-Q filing for the fiscal year 2024, following the previous 10-K annual report.

Key Financial Figures

• $0.001 — as of January 14, 2024 Common Stock, $0.001 102,742,362 EvoAir Holdings Inc.

Filing Documents

• form10-q.htm (10-Q) — 696KB
• ex31-1.htm (EX-31.1) — 12KB
• ex31-2.htm (EX-31.2) — 12KB
• ex32-1.htm (EX-32.1) — 7KB
• ex32-2.htm (EX-32.2) — 6KB
• 0001493152-24-002428.txt (&nbsp;) — 4135KB
• evoh-20231130.xsd (EX-101.SCH) — 39KB
• evoh-20231130_cal.xml (EX-101.CAL) — 61KB
• evoh-20231130_def.xml (EX-101.DEF) — 120KB
• evoh-20231130_lab.xml (EX-101.LAB) — 275KB
• evoh-20231130_pre.xml (EX-101.PRE) — 226KB
• form10-q_htm.xml (XML) — 511KB

FINANCIAL STATEMENTS (UNAUDITED)

FINANCIAL STATEMENTS (UNAUDITED) 3 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 20 Item 3

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 26 Item 4

CONTROLS AND PROCEDURES

CONTROLS AND PROCEDURES 26 PART II OTHER INFORMATION Item 1

LEGAL PROCEEDINGS

LEGAL PROCEEDINGS 27 Item 2 UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS 27 Item 3 DEFAULTS UPON SENIOR SECURITIES 27 Item 4 MINE SAFETY DISCLOSURES 27 Item 5 OTHER INFORMATION 27 Item 6 EXHIBITS 27

SIGNATURES

SIGNATURES 28 2 | Page PART I. FINANCIAL INFORMATION ITEM 1. FINANCIAL STATEMENTS EVOAIR HOLDINGS INC. UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (In U.S. Dollars, except share data or otherwise stated) AS OF NOVEMBER 30, 2023 AND AUGUST 31, 2023 November 30, 2023 August 31, 2023 (Unaudited) (Audited) ASSETS Current assets Cash and cash equivalents $ 477,885 $ 779,049 Accounts receivable 51,620 44,130 Inventories 685,006 630,478 Deposit, prepayments and other receivables 495,450 617,507 Total current assets 1,709,961 2,071,164 Non-current assets Property, plant and equipment, net 475,743 463,387 Operating lease right-of-use assets 253,431 271,021 Technology-related intangible assets, net 75,179,439 76,218,786 Total non-current assets 75,908,613 76,953,194 TOTAL ASSETS $ 77,618,574 $ 79,024,358 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities Accounts payable and accruals $ 289,637 $ 170,888 Other payables 19,100 27,487 Deferred revenue 390,083 440,069 Hire purchase creditor 7,548 9,224 Amounts due to shareholders 398,747 232,095 Operating lease liability - current 87,912 84,879 Total current liabilities 1,193,027 964,642 Non-current liabilities Non-current hire purchase creditor 10,235 10,531 Non-current operating lease liabilities 176,612 198,163 Total non-current liabilities 186,847 208,694 TOTAL LIABILITIES 1,379,874 1,173,336 Commitments and contingencies (Note 14) - - Shareholders' equity Common stock, 1,000,000,000 authorized; $ 0.001 par value, 102,742,362 and 102,310,933 shares issued and outstanding as at November 30, 2023 and August 31, 2023 102,742 102,311 Additional paid in capital 91,436,762 90,371,141 Shares to be issued - 1,066,052 Accumulated other comprehensive loss ( 102,244 ) ( 17,036 ) Accumulated deficit ( 14,967,589 ) ( 13,523,266 ) Non-controlling interest ( 230,971 ) ( 148,180 )

View Full Filing

View this 10-Q filing on SEC EDGAR