EvoAir Holdings Inc. Files 10-Q for Period Ending February 29, 2024

TL;DR

<b>EvoAir Holdings Inc. has filed its quarterly report (10-Q) for the period ending February 29, 2024.</b>

AI Summary

EvoAir Holdings Inc. (EVOH) filed a Quarterly Report (10-Q) with the SEC on April 11, 2024. EvoAir Holdings Inc. filed a 10-Q report for the period ending February 29, 2024. The company's fiscal year ends on August 31. The filing is for the second quarter of the fiscal year. The company was formerly known as UNEX HOLDINGS INC. and changed its name on March 14, 2017. EvoAir Holdings Inc. is incorporated in Nevada.

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 for the most recent quarter. Understanding the details within this 10-Q is crucial for assessing EvoAir's current operational health and future prospects.

Risk Assessment

Risk Level: low — EvoAir Holdings Inc. shows low risk based on this filing. The filing is a standard 10-Q, which is a routine quarterly report and does not contain significant new information or immediate red flags.

Analyst Insight

Review the detailed financial statements and management's discussion and analysis within the 10-Q to understand EvoAir's performance and outlook.

Key Numbers

• 2024-02-29 — Reporting Period End Date (Conformed period of report)
• 2024-04-11 — Filing Date (Filed as of date)
• 08-31 — Fiscal Year End (Fiscal year end)
• 2023-09-01 — Quarter Start Date (First day of the fiscal quarter)
• 2024-02-29 — Quarter End Date (Last day of the fiscal quarter)

Key Players & Entities

• EvoAir Holdings Inc. (company) — Filer name
• UNEX HOLDINGS INC. (company) — Former company name
• 20170314 (date) — Date of name change
• NV (jurisdiction) — State of incorporation
• 3585 (sic_code) — Standard Industrial Classification code
• 60362433379 (phone_number) — Business phone number

FAQ

Industry Context

EvoAir Holdings Inc. operates in the air conditioning, warm air heating equipment, and commercial/industrial refrigeration equipment sector (SIC 3585).

Regulatory Implications

The filing is a 10-Q, a standard quarterly report required by the Securities and Exchange Commission (SEC) under the Securities Exchange Act of 1934.

What Investors Should Do

1. Analyze the financial statements (balance sheet, income statement, cash flow) for the quarter ended February 29, 2024.
2. Review the Management's Discussion and Analysis of Financial Condition and Results of Operations for insights into performance drivers.
3. Check for any new risk factors or updates to existing ones disclosed in the filing.

Key Dates

• 2024-02-29: Quarterly Period End — End of the reporting period for the 10-Q filing.
• 2024-04-11: Filing Date — Date the 10-Q report was officially filed with the SEC.
• 2017-03-14: Name Change — Date EvoAir Holdings Inc. changed its name from UNEX HOLDINGS INC.

Year-Over-Year Comparison

This is the first 10-Q filing available in the provided data for EvoAir Holdings Inc. for the period ending February 29, 2024. No prior filing data is present for comparison.

Key Financial Figures

• $0.001 — ng as of March 31, 2024 Common Stock, $0.001 102,742,362 EvoAir Holdings Inc.

Filing Documents

• form10-q.htm (10-Q) — 785KB
• 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
• 0001493152-24-014320.txt (&nbsp;) — 4315KB
• evoh-20240229.xsd (EX-101.SCH) — 39KB
• evoh-20240229_cal.xml (EX-101.CAL) — 63KB
• evoh-20240229_def.xml (EX-101.DEF) — 117KB
• evoh-20240229_lab.xml (EX-101.LAB) — 274KB
• evoh-20240229_pre.xml (EX-101.PRE) — 224KB
• form10-q_htm.xml (XML) — 573KB

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 28

SIGNATURES

SIGNATURES 29 2 | Page

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

FINANCIAL STATEMENTS

ITEM 1. FINANCIAL STATEMENTS EVOAIR HOLDINGS INC. UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (In U.S. Dollars, except share data or otherwise stated) AS OF FEBRUARY 29, 2024 AND AUGUST 31, 2023 February 29, 2024 August 31, 2023 (Unaudited) (Audited) ASSETS Current assets Cash and cash equivalents $ 137,029 $ 779,049 Accounts receivable 42,686 44,130 Inventories 725,316 630,478 Deposit, prepayments and other receivables 489,408 617,507 Total current assets 1,394,439 2,071,164 Non-current assets Property, plant and equipment, net 422,467 463,387 Operating lease right-of-use assets 229,972 271,021 Technology-related intangible assets, net 74,140,092 76,218,786 Total non-current assets 74,792,531 76,953,194 TOTAL ASSETS $ 76,186,970 $ 79,024,358 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities Accounts payable and accruals $ 252,741 $ 170,888 Other payables 27,439 27,487 Deferred revenue 399,773 440,069 Hire purchase creditor 7,412 9,224 Amounts due to shareholders 439,630 232,095 Operating lease liability - current 88,952 84,879 Total current liabilities 1,215,947 964,642 Non-current liabilities Non-current hire purchase creditor 8,199 10,531 Non-current operating lease liabilities 150,962 198,163 Total non-current liabilities 159,161 208,694 TOTAL LIABILITIES 1,375,108 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 February 29, 2024 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 ( 95,951 ) ( 17,036 ) Accumulated deficit ( 16,334,493 ) ( 13,523,266 ) Non-controlling interest ( 297,198 ) ( 148,180 ) Total shareholders' equity 74,811,862 77,851,022 TOTAL LIABILI

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View this 10-Q filing on SEC EDGAR