FingerMotion, Inc. Files Q3 FY25 10-Q
Ticker: FNGR · Form: 10-Q · Filed: Jan 14, 2025 · CIK: 1602409
| Field | Detail |
|---|---|
| Company | Fingermotion, Inc. (FNGR) |
| Form Type | 10-Q |
| Filed Date | Jan 14, 2025 |
| 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 filed its 10-Q for Nov 30, 2024. Check financials.
AI Summary
FingerMotion, Inc. filed its 10-Q for the period ending November 30, 2024. The company reported financial results for the third quarter of fiscal year 2025. Key financial data and operational updates are detailed within this filing.
Why It Matters
This filing provides investors with the latest financial performance and operational status of FingerMotion, Inc., crucial for understanding the company's trajectory.
Risk Assessment
Risk Level: medium — As a 10-Q filing, it contains detailed financial information which can reveal significant risks or opportunities, necessitating careful review.
Key Players & Entities
- FingerMotion, Inc. (company) — Filer of the 10-Q
- 20241130 (date) — End of the reporting period
- 20250114 (date) — Filing date
- 0001602409 (company) — Central Index Key for FingerMotion, Inc.
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is November 30, 2024.
When was this 10-Q filed with the SEC?
This 10-Q was filed on January 14, 2025.
What is the fiscal year end for FingerMotion, Inc.?
FingerMotion, Inc.'s fiscal year ends on February 28.
What is the Standard Industrial Classification (SIC) code for FingerMotion, Inc.?
The SIC code for FingerMotion, Inc. is 7372, which falls under SERVICES-PREPACKAGED SOFTWARE.
What was the previous company name for FingerMotion, Inc.?
The former company name for FingerMotion, Inc. was Property Management Corp of America.
Filing Stats: 4,583 words · 18 min read · ~15 pages · Grade level 17 · Accepted 2025-01-14 16:49:30
Key Financial Figures
- $0.0001 — nge on which registered Common Stock, $0.0001 par value FNGR The Nasdaq Stock Mar
Filing Documents
- fngr-20241130_10q.htm (10-Q) — 1200KB
- fngr-20241130_10qex31z1.htm (EX-31) — 8KB
- fngr-20241130_10qex31z2.htm (EX-31) — 8KB
- fngr-20241130_10qex32z1.htm (EX-32) — 4KB
- image_001.jpg (GRAPHIC) — 188KB
- 0001520138-25-000040.txt ( ) — 6260KB
- fngr-20241130.xsd (EX-101.SCH) — 46KB
- fngr-20241130_cal.xml (EX-101.CAL) — 57KB
- fngr-20241130_def.xml (EX-101.DEF) — 150KB
- fngr-20241130_lab.xml (EX-101.LAB) — 344KB
- fngr-20241130_pre.xml (EX-101.PRE) — 302KB
- fngr-20241130_10q_htm.xml (XML) — 861KB
- FINANCIAL INFORMATION
PART I - FINANCIAL INFORMATION 3
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 27 Three Months Ended November 30, 2024 Compared to the Three Months Ended November 30, 2023 37 Nine Months Ended November 30, 2024 Compared to the Nine Months Ended November 30, 2023 41 Liquidity and Capital Resources 44
- QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
ITEM 3 - QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 48
– CONTROLS AND PROCEDURES
ITEM 4 – CONTROLS AND PROCEDURES 48 Evaluation of Disclosure Controls and Procedures 48 Changes in internal control over financial reporting 49
– OTHER INFORMATION
PART II – OTHER INFORMATION 50
– LEGAL PROCEEDINGS
ITEM 1 – LEGAL PROCEEDINGS 50
– RISK FACTORS
ITEM 1A – RISK FACTORS 50
– UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
ITEM 2 – UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS 72
– DEFAULTS UPON SENIOR SECURITIES
ITEM 3 – DEFAULTS UPON SENIOR SECURITIES 72
– MINE SAFETY DISCLOSURES
ITEM 4 – MINE SAFETY DISCLOSURES 72
– OTHER INFORMATION
ITEM 5 – OTHER INFORMATION 72
– EXHIBITS
ITEM 6 – EXHIBITS 73 2
- FINANCIAL INFORMATION
PART I - FINANCIAL INFORMATION
FINANCIAL STATEMENTS
ITEM 1. FINANCIAL STATEMENTS 3 FINGERMOTION, INC. CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS For the nine months ended November 30, 2024 (Unaudited - Expressed in U.S. Dollars) 4 FingerMotion, Inc. Condensed Consolidated Balance Sheets November 30, February 29, 2024 2024 (Unaudited) ASSETS Current Assets Cash and cash equivalents $ 164,600 $ 1,517,232 Accounts receivable 26,383,266 9,153,692 Inventories 31,096 — Prepayment and deposit 4,108,183 5,538,401 Other receivables 1,058,368 2,515,593 Total Current Assets 31,745,513 18,724,918 Non-current Assets Equipment 27,334 45,706 Intangible assets 14,916 30,456 Right-of-use asset 154,570 13,734 Total Non-Current Assets 196,820 89,896 TOTAL ASSETS $ 31,942,333 $ 18,814,814 LIABILITIES AND SHAREHOLDER'S DEFICIT Current Liabilities Accounts payable $ 18,433,571 $ 5,153,359 Accrual and other payables 2,172,447 1,595,760 Loan payable - shareholders 1,596,806 — Lease liability, current portion 116,081 4,796 Total Current Liabilities 22,318,905 6,753,915 Non-current Liabilities Lease liability, non-current portion 39,933 — Total Non-Current Liabilities 39,933 — TOTAL LIABILITIES $ 22,358,838 $ 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 53,807,850 shares and 52,545,350 issued and outstanding at November 30, 2024 and February 29, 2024 respectively 5,381 5,254 Additional paid-in capital 42,304,746 40,292,778 Additional paid-in capital - stock options 1,656,321 1,037,276 Accumulated deficit ( 33,453,767 ) ( 28,448,833 ) Accumulated other comprehensive income ( 881,811 ) ( 782,362 ) Stockholders' equity before non-controlling interests 9,630,870 12,104,113 Non-controlling interests ( 4