Aceztech Corp Files 10-Q for Period Ended February 29, 2024
Ticker: HNIT · Form: 10-Q · Filed: Apr 2, 2024 · CIK: 1994373
| Field | Detail |
|---|---|
| Company | Aceztech Corp (HNIT) |
| Form Type | 10-Q |
| Filed Date | Apr 2, 2024 |
| Risk Level | low |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: Aceztech Corp, 10-Q, Quarterly Report, SEC Filing, Financials
TL;DR
<b>Aceztech Corp has filed its quarterly report (10-Q) for the period ending February 29, 2024, detailing its financial status and operations.</b>
AI Summary
Aceztech Corp (HNIT) filed a Quarterly Report (10-Q) with the SEC on April 2, 2024. Aceztech Corp filed a 10-Q report for the quarterly period ended February 29, 2024. The company is incorporated in Nevada with its principal executive offices in Kuala Lumpur, Malaysia. The filing covers the period from December 1, 2023, to February 29, 2024. Aceztech Corp's IRS Employer Identification Number is 37-2108225. The company's SIC code is 7374 for Services-Computer Processing & Data Preparation.
Why It Matters
For investors and stakeholders tracking Aceztech Corp, this filing contains several important signals. This filing provides investors with an update on Aceztech Corp's financial performance and operational status during the first quarter of its fiscal year. As a 10-Q filing, it is a mandatory disclosure for publicly traded companies, offering transparency into their financial health and business activities.
Risk Assessment
Risk Level: low — Aceztech Corp shows low risk based on this filing. The filing is a standard quarterly report (10-Q) and does not contain immediate, significant financial or operational disclosures that would alter the risk profile based solely on the header information.
Analyst Insight
Review the full 10-Q filing for detailed financial statements, management discussion, and risk factors to assess Aceztech Corp's performance and outlook.
Key Numbers
- 2024-02-29 — Quarterly Period End Date (Reported period)
- 2024-04-02 — Filing Date (Date of submission)
- 2023-12-01 — Quarter Start Date (Beginning of the reporting period)
- 1130 — Fiscal Year End (Company's fiscal year end)
Key Players & Entities
- Aceztech Corp (company) — Registrant issuer name
- February 29, 2024 (date) — Quarterly Period Ended
- 333-276237 (other) — Commission File Number
- Nevada (location) — State of incorporation
- 7374 (other) — Standard Industrial Classification
- 37-2108225 (other) — IRS Employer Identification Number
- Kuala Lumpur, Malaysia (location) — Address of principal executive offices
- 20240402 (date) — Filed as of date
FAQ
When did Aceztech Corp file this 10-Q?
Aceztech Corp filed this Quarterly Report (10-Q) with the SEC on April 2, 2024.
What is a 10-Q filing?
A 10-Q is a quarterly financial report with unaudited financials, management discussion, and interim business updates. This particular 10-Q was filed by Aceztech Corp (HNIT).
Where can I read the original 10-Q filing from Aceztech Corp?
You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by Aceztech Corp.
What are the key takeaways from Aceztech Corp's 10-Q?
Aceztech Corp filed this 10-Q on April 2, 2024. Key takeaways: Aceztech Corp filed a 10-Q report for the quarterly period ended February 29, 2024.. The company is incorporated in Nevada with its principal executive offices in Kuala Lumpur, Malaysia.. The filing covers the period from December 1, 2023, to February 29, 2024..
Is Aceztech Corp a risky investment based on this filing?
Based on this 10-Q, Aceztech Corp presents a relatively low-risk profile. The filing is a standard quarterly report (10-Q) and does not contain immediate, significant financial or operational disclosures that would alter the risk profile based solely on the header information.
What should investors do after reading Aceztech Corp's 10-Q?
Review the full 10-Q filing for detailed financial statements, management discussion, and risk factors to assess Aceztech Corp's performance and outlook. The overall sentiment from this filing is neutral.
How does Aceztech Corp compare to its industry peers?
Aceztech Corp operates within the Services-Computer Processing & Data Preparation industry (SIC 7374).
Are there regulatory concerns for Aceztech Corp?
The filing is made under the Securities Exchange Act of 1934, requiring public companies to submit regular financial disclosures.
Industry Context
Aceztech Corp operates within the Services-Computer Processing & Data Preparation industry (SIC 7374).
Regulatory Implications
The filing is made under the Securities Exchange Act of 1934, requiring public companies to submit regular financial disclosures.
What Investors Should Do
- Analyze the detailed financial statements within the 10-Q.
- Review the Management's Discussion and Analysis (MD&A) section for insights into performance drivers.
- Identify any new or updated risk factors disclosed in the filing.
Year-Over-Year Comparison
This is the initial 10-Q filing for the period ending February 29, 2024, following the company's establishment or previous reporting cycle.
Filing Stats: 4,582 words · 18 min read · ~15 pages · Grade level 17.7 · Accepted 2024-04-02 06:15:01
Key Financial Figures
- $0.001 — anding on April 2, 2024 Common Stock, $0.001 par value 4,000,000 TABLE OF CONTEN
Filing Documents
- form10-q.htm (10-Q) — 403KB
- ex31-1.htm (EX-31.1) — 15KB
- ex32-1.htm (EX-32.1) — 9KB
- 0001493152-24-012621.txt ( ) — 2549KB
- acez-20240229.xsd (EX-101.SCH) — 22KB
- acez-20240229_cal.xml (EX-101.CAL) — 38KB
- acez-20240229_def.xml (EX-101.DEF) — 62KB
- acez-20240229_lab.xml (EX-101.LAB) — 160KB
- acez-20240229_pre.xml (EX-101.PRE) — 131KB
- form10-q_htm.xml (XML) — 314KB
FINANCIAL STATEMENTS
FINANCIAL STATEMENTS: CONDENSED BALANCE SHEETS AS OF FEBRUARY 29, 2024 (UNAUDITED) AND NOVEMBER 30, 2023 (AUDITED) F-1 CONDENSED F-2 CONDENSED F-3 CONDENSED F-4 NOTES TO CONDENSED FINANCIAL STATEMENTS F-5 – F-11 ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 3-5 ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 5 ITEM 4. CONTROLS AND PROCEDURES 5 PART II OTHER INFORMATION ITEM 1 LEGAL PROCEEDINGS 7 ITEM 2 UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS 7 ITEM 3 DEFAULTS UPON SENIOR SECURITIES 7 ITEM 4 MINE SAFETY DISCLOSURES 7 ITEM 5 OTHER INFORMATION 7 ITEM 6 EXHIBITS 7
SIGNATURES
SIGNATURES 8 -2- PART I — FINANCIAL INFORMATION ITEM 1. CONDENSED FINANCIAL STATEMENTS ACEZTECH CORPORATION CONDENSED BALANCE SHEETS AS OF FEBRUARY 29, 2024 (UNAUDITED) AND NOVEMBER 30, 2023 (AUDITED) (CURRENCY EXPRESSED IN UNITED STATES DOLLARS ("US
quot;), EXCEPT FOR NUMBER OF SHARES) As of February 29, 2024 As of November 30, 2023 (Unaudited) (Audited) ASSETS CURRENT ASSETS Cash and cash equivalents $ 9,648 $ 7,319 Prepayment and deposit 205 258 TOTAL CURRENT ASSETS 9,853 7,577 NON-CURRENT ASSET Plant and equipment, net 2,778 2,177 TOTAL NON-CURRENT ASSET 2,778 2,177 TOTAL ASSETS $ 12,631 $ 9,754 LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES Accrued liabilities 3,100 3,750 Amount due to a director 11,753 5,124 Deferred revenue 3,000 2,400 TOTAL CURRENT LIABILITIES 17,853 11,274 TOTAL LIABILITIES $ 17,853 $ 11,274 SHAREHOLDERS' EQUITY Common stock – Par value $ 0.001 ; Authorized: 75,000,000 shares; Issued and outstanding: 4,000,000 as of February 29, 2024 and November 30, 2023 $ 4,000 $ 4,000 Accumulated deficit ( 9,222 ) ( 5,520 ) TOTAL SHAREHOLDERS' EQUITY $ ( 5,222 ) $ ( 1,520 ) TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 12,631 $ 9,754 The accompanying notes are an integral part of these financial statements. F-1 ACEZTECH CORPORATION CONDENSED FOR THE THREE MONTHS ENDED FEBRUARY 29, 2024 (UNAUDITED) (CURRENCY EXPRESSED IN UNITED STATES DOLLARS ("USquot;), EXCEPT FOR NUMBER OF SHARES) Three months ended February 29, 2024 REVENUE $ 6,600 COST OF REVENUE - GROSS PROFIT $ 6,600 GENERAL AND ADMINISTRATIVE EXPENSES ( 10,302 ) LOSS FROM OPERATION BEFORE INCOME TAX $ ( 3,702 ) INCOME TAX EXPENSES - NET LOSS $ ( 3,702 ) OTHER COMPREHENSIVE INCOME - TOTAL COMPREHENSIVE LOSS $ ( 3,702 ) NET LOSS PER SHARE- BASIC AND DILUTED ( 0.0009 ) WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUT