FingerMotion Files Q1 FY25 10-Q
Ticker: FNGR · Form: 10-Q · Filed: Jun 28, 2024 · CIK: 1602409
| Field | Detail |
|---|---|
| Company | Fingermotion, Inc. (FNGR) |
| Form Type | 10-Q |
| Filed Date | Jun 28, 2024 |
| Risk Level | medium |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, financials, quarterly-report
TL;DR
FingerMotion's Q1 FY25 10-Q is in, check the numbers vs last year.
AI Summary
FingerMotion, Inc. filed its 10-Q for the period ending May 31, 2024. The filing details financial information for the first quarter of fiscal year 2025, covering the period from March 1, 2024, to May 31, 2024. It includes comparative financial data for the same period in the prior fiscal year, ending May 31, 2023.
Why It Matters
This filing provides investors with the latest financial performance and position of FingerMotion, Inc., crucial for understanding the company's current health and future prospects.
Risk Assessment
Risk Level: medium — As a public company filing a quarterly report, there's inherent risk associated with financial performance and market perception.
Key Numbers
- 20240531 — End of Reporting Period (Fiscal Q1 2025)
- 20230531 — End of Prior Period (Fiscal Q1 2024)
Key Players & Entities
- FingerMotion, Inc. (company) — Filer of the 10-Q
- 0001520138-24-000232 (other) — Accession Number for the filing
- 20240531 (date) — End of the reporting period
- 20230531 (date) — End of the comparative prior period
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is May 31, 2024, covering the first quarter of fiscal year 2025.
What is the accession number for this filing?
The accession number for this filing is 0001520138-24-000232.
What was the previous company name for FingerMotion, Inc.?
The former company name for FingerMotion, Inc. was Property Management Corp of America.
When did the company name change from Property Management Corp of America?
The date of the name change was March 12, 2014.
What is the fiscal year end for FingerMotion, Inc.?
The fiscal year end for FingerMotion, Inc. is February 28.
Filing Stats: 4,477 words · 18 min read · ~15 pages · Grade level 17.2 · Accepted 2024-06-28 16:15:34
Key Financial Figures
- $0.0001 — nge on which registered Common Stock, $0.0001 par value FNGR The Nasdaq Stock Mar
Filing Documents
- fngr-20240531_10q.htm (10-Q) — 1028KB
- fngr-20240531_10qex10z1.htm (EX-10) — 109KB
- fngr-20240531_10qex31z1.htm (EX-31) — 9KB
- fngr-20240531_10qex31z2.htm (EX-31) — 9KB
- fngr-20240531_10qex32z1.htm (EX-32) — 5KB
- image_001.jpg (GRAPHIC) — 137KB
- 0001520138-24-000232.txt ( ) — 5765KB
- fngr-20240531.xsd (EX-101.SCH) — 42KB
- fngr-20240531_cal.xml (EX-101.CAL) — 55KB
- fngr-20240531_def.xml (EX-101.DEF) — 146KB
- fngr-20240531_lab.xml (EX-101.LAB) — 300KB
- fngr-20240531_pre.xml (EX-101.PRE) — 264KB
- fngr-20240531_10q_htm.xml (XML) — 766KB
– FINANCIAL STATEMENTS
ITEM 1 – FINANCIAL STATEMENTS 3
– MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
ITEM 2 – MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 25 Three Months Ended May 31, 2024 Compared to Three Months Ended May 31, 2023 35 Liquidity and Capital Resources 39
- QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
ITEM 3 - QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 40
– CONTROLS AND PROCEDURES
ITEM 4 – CONTROLS AND PROCEDURES 41 Evaluation of Disclosure Controls and Procedures 41 Changes in internal control over financial reporting 42
– OTHER INFORMATION
PART II – OTHER INFORMATION 43
– LEGAL PROCEEDINGS
ITEM 1 – LEGAL PROCEEDINGS 43
– RISK FACTORS
ITEM 1A – RISK FACTORS 43
– UNREGISTERED SALES OF EQUITY SECURITIES, USE OF PROCEEDS AND ISSUER PURCHASES OF EQUIRY SECURITIES
ITEM 2 – UNREGISTERED SALES OF EQUITY SECURITIES, USE OF PROCEEDS AND ISSUER PURCHASES OF EQUIRY SECURITIES 65
– DEFAULTS UPON SENIOR SECURITIES
ITEM 3 – DEFAULTS UPON SENIOR SECURITIES 65
– MINE SAFETY DISCLOSURES
ITEM 4 – MINE SAFETY DISCLOSURES 65
– OTHER INFORMATION
ITEM 5 – OTHER INFORMATION 65
– EXHIBITS
ITEM 6 – EXHIBITS 66 2 PART 1 – FINANCIAL INFORMATION
– FINANCIAL STATEMENTS
ITEM 1 – FINANCIAL STATEMENTS 3 FINGERMOTION, INC. CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS For the three months ended May 31, 2024 (Unaudited - Expressed in U.S. Dollars) 4 FingerMotion, Inc. Condensed Consolidated Balance Sheets May 31, February 29, 2024 2024 ASSETS (Unaudited) Current Assets Cash and cash equivalents $ 1,064,124 $ 1,517,232 Accounts receivable 16,850,105 9,153,692 Prepayment and deposit 5,475,833 5,538,401 Other receivables 2,647,225 2,515,593 Total Current Assets 26,037,287 18,724,918 Non-current Assets Equipment 38,512 45,706 Intangible assets 25,125 30,456 Right-of-use asset 208,924 13,734 Total Non-current Assets 272,561 89,896 TOTAL ASSETS $ 26,309,848 $ 18,814,814 LIABILITIES AND SHAREHOLDER'S DEFICIT Current Liabilities Accounts payable $ 11,999,742 $ 5,153,359 Accrual and other payables 2,417,041 1,595,760 Stock subscription payables 775,000 — Lease liability, current portion 113,381 4,796 Total Current Liabilities 15,305,164 6,753,915 Non-current Liabilities Lease liability, non-current portion 98,678 — Total Non-current Liabilities 98,678 — TOTAL LIABILITIES $ 15,403,842 $ 6,753,915 SHAREHOLDERS' EQUITY Preferred stock, par value $ .0001 per share; Authorized 1,000,000 shares; issued and outstanding - 0 - shares. — — Common Stock, par value $ .0001 per share; Authorized 200,000,000 shares; issued and outstanding 52,712,850 shares and 52,545,350 issued and outstanding at May 31, 2024 and February 29, 2024 respectively 5,271 5,254 Additional paid-in capital 40,662,355 40,292,778 Additional paid-in capital - stock options 1,233,620 1,037,276 Accumulated deficit ( 30,104,737 ) ( 28,448,833 ) Accumulated other comprehensive income ( 847,361 ) ( 782,362 ) Stockholders' equity before non-controlling interests 10,949,148 12,104,113 Non-controlling interests ( 43,142 ) ( 43,214 ) TOTAL SHAREHOLD