EvoAir Holdings Inc. Files Q3 10-Q
Ticker: EVOH · Form: 10-Q · Filed: Jul 11, 2024 · CIK: 1700844
| Field | Detail |
|---|---|
| Company | Evoair Holdings INC. (EVOH) |
| Form Type | 10-Q |
| Filed Date | Jul 11, 2024 |
| Risk Level | medium |
| Pages | 16 |
| Reading Time | 19 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, quarterly-report, financials
TL;DR
EvoAir Holdings filed its Q3 10-Q, check financials for period ending May 31, 2024.
AI Summary
EvoAir Holdings Inc. filed its 10-Q for the period ending May 31, 2024, reporting on its third fiscal quarter. The filing details financial performance and operational updates for the company, which is involved in air conditioning, heating, and refrigeration equipment. Specific financial figures and operational highlights for the quarter and year-to-date periods are presented.
Why It Matters
This 10-Q filing provides investors and stakeholders with a crucial update on EvoAir's financial health and operational progress during the third quarter of its fiscal year.
Risk Assessment
Risk Level: medium — The filing is a standard quarterly report, but the absence of specific financial performance details in the provided text necessitates a medium risk assessment.
Key Numbers
- 2024-05-31 — Reporting Period End (The 10-Q covers financial data up to this date.)
- 2024-07-11 — Filing Date (The date the 10-Q was officially submitted to the SEC.)
- 2023-09-01 — Quarter Start Date (Beginning of the reporting period for the third quarter.)
Key Players & Entities
- EvoAir Holdings Inc. (company) — Filer
- 20240531 (date) — Reporting Period End Date
- 20240711 (date) — Filing Date
- 3585 (other) — Standard Industrial Classification Code
- NV (other) — State of Incorporation
- 0831 (date) — Fiscal Year End
- UNEX HOLDINGS INC. (company) — Former Company Name
- 20170314 (date) — Date of Former Company Name Change
FAQ
What is the primary business of EvoAir Holdings Inc.?
EvoAir Holdings Inc. is involved in the manufacturing of air conditioning, warm air heating equipment, and commercial and industrial refrigeration equipment, as indicated by its SIC code 3585.
What is the reporting period for this 10-Q filing?
The 10-Q filing covers the period ending May 31, 2024.
When was this 10-Q filed with the SEC?
This 10-Q was filed on July 11, 2024.
What was EvoAir Holdings Inc. formerly known as?
EvoAir Holdings Inc. was formerly known as UNEX HOLDINGS INC. and the name change occurred on March 14, 2017.
What is the state of incorporation for EvoAir Holdings Inc.?
EvoAir Holdings Inc. is incorporated in Nevada (NV).
Filing Stats: 4,773 words · 19 min read · ~16 pages · Grade level 14.5 · Accepted 2024-07-11 16:05:50
Key Financial Figures
- $0.001 — ding as of July 9, 2024 Common Stock, $0.001 102,742,362 EvoAir Holdings Inc.
Filing Documents
- form10-q.htm (10-Q) — 890KB
- 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
- 0001493152-24-026953.txt ( ) — 4534KB
- evoh-20240531.xsd (EX-101.SCH) — 40KB
- evoh-20240531_cal.xml (EX-101.CAL) — 64KB
- evoh-20240531_def.xml (EX-101.DEF) — 122KB
- evoh-20240531_lab.xml (EX-101.LAB) — 279KB
- evoh-20240531_pre.xml (EX-101.PRE) — 230KB
- form10-q_htm.xml (XML) — 595KB
FINANCIAL STATEMENTS
FINANCIAL STATEMENTS 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 MAY 31, 2024 AND AUGUST 31, 2023 May 31, 2024 August 31, 2023 (Unaudited) (Audited) ASSETS Current assets Cash and cash equivalents $ 45,502 $ 779,049 Accounts receivable 56,777 44,130 Inventories 735,470 630,478 Deposit, prepayments and other receivables 469,853 617,507 Total current assets 1,307,602 2,071,164 Non-current assets Property, plant and equipment, net 378,072 463,387 Operating lease right-of-use assets 209,670 271,021 Deferred offering cost 449,576 - Technology-related intangible assets, net 73,100,745 76,218,786 Total non-current assets 74,138,063 76,953,194 TOTAL ASSETS $ 75,445,665 $ 79,024,358 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities Accounts payable and accruals $ 227,472 $ 170,888 Other payables 21,229 27,487 Deferred revenue 391,437 440,069 Hire purchase creditor 7,472 9,224 Amounts due to shareholders 756,682 232,095 Operating lease liability - current 91,658 84,879 Total current liabilities 1,495,950 964,642 Non-current liabilities Non-current hire purchase creditor 6,398 10,531 Non-current operating lease liabilities 127,015 198,163 Total non-current liabilities 133,413 208,694 TOTAL LIABILITIES 1,629,363 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 May 31, 2024 and August 31, 2023 102,742 102,311 Additional paid in capital 91,502,360 90,371,141 Shares to be issued - 1,066,052 Accumulated other comprehensive loss ( 190,036 ) ( 17,036 ) Accumulated deficit ( 17,227,187 ) ( 13,523,266 ) Non-controlling interest ( 371,577 ) ( 148,180 ) Total shareholders' equity 73,816,302 77,8