Aceztech Corp Files 10-Q for Period Ending May 31, 2024
Ticker: HNIT · Form: 10-Q · Filed: Jun 28, 2024 · CIK: 1994373
| Field | Detail |
|---|---|
| Company | Aceztech Corp (HNIT) |
| Form Type | 10-Q |
| Filed Date | Jun 28, 2024 |
| Risk Level | low |
| Pages | 16 |
| Reading Time | 19 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, financials, quarterly-report
TL;DR
Aceztech Corp 10-Q filed. Financials updated for May 31, 2024. Check for details.
AI Summary
Aceztech Corp filed its 10-Q for the period ending May 31, 2024. The filing details financial information for the quarter and year-to-date. Key financial statement data, including common stock, additional paid-in capital, retained earnings, and share application money pending allotment, are reported as of various dates throughout the fiscal year.
Why It Matters
This 10-Q filing provides investors and analysts with a crucial update on Aceztech Corp's financial health and performance for the specified period, enabling informed investment decisions.
Risk Assessment
Risk Level: low — This filing is a standard quarterly report and does not contain immediate red flags or significant negative news.
Key Numbers
- 1130 — Fiscal Year End (Indicates the company's fiscal year concludes on November 30th.)
- 7374 — SIC Code (Standard Industrial Classification for Services-Computer Processing & Data Preparation.)
Key Players & Entities
- Aceztech Corp (company) — Filer of the 10-Q report
- 2024-05-31 (date) — End of the reporting period for the 10-Q
- 2024-06-28 (date) — Date the 10-Q was filed
- KUALA LUMPUR (location) — City of Aceztech Corp's business and mailing address
FAQ
What is the reporting period for this 10-Q filing?
The 10-Q filing is for the period ending May 31, 2024.
When was this 10-Q filed with the SEC?
This 10-Q was filed on June 28, 2024.
What is Aceztech Corp's primary business classification?
Aceztech Corp is classified under SERVICES-COMPUTER PROCESSING & DATA PREPARATION with SIC code 7374.
Where is Aceztech Corp located?
Aceztech Corp's business and mailing address is in KUALA LUMPUR.
What are the key financial statement components reported in the filing?
The filing reports on components such as Common Stock, Additional Paid-In Capital, Share Application Money Pending Allotment, and Retained Earnings.
Filing Stats: 4,656 words · 19 min read · ~16 pages · Grade level 17.4 · Accepted 2024-06-28 06:04:33
Key Financial Figures
- $0.001 — anding on July 10, 2024 Common Stock, $0.001 par value 4,000,000 TABLE OF CONTEN
Filing Documents
- form10-q.htm (10-Q) — 404KB
- ex31-1.htm (EX-31.1) — 16KB
- ex32-1.htm (EX-32.1) — 9KB
- 0001493152-24-025507.txt ( ) — 2918KB
- acez-20240531.xsd (EX-101.SCH) — 26KB
- acez-20240531_cal.xml (EX-101.CAL) — 41KB
- acez-20240531_def.xml (EX-101.DEF) — 74KB
- acez-20240531_lab.xml (EX-101.LAB) — 224KB
- acez-20240531_pre.xml (EX-101.PRE) — 185KB
- form10-q_htm.xml (XML) — 311KB
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 3-5 ITEM 3.
QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 5 ITEM 4.
CONTROLS AND PROCEDURES
CONTROLS AND PROCEDURES 5 PART II OTHER INFORMATION ITEM 1
LEGAL PROCEEDINGS
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 MAY 31, 2024 (UNAUDITED) AND NOVEMBER 30, 2023 (AUDITED) (CURRENCY EXPRESSED IN UNITED STATES DOLLARS ("US
quot;), EXCEPT FOR NUMBER OF SHARES) As of May 31, 2024 As of November 30, 2023 (Unaudited) (Audited) ASSETS CURRENT ASSETS Cash and cash equivalents $ 1,894 $ 7,319 Accounts Receivable 7,200 - Prepayment and deposit 4,316 258 TOTAL CURRENT ASSETS 13,410 7,577 NON-CURRENT ASSET Plant and equipment, net 2,625 2,177 TOTAL NON-CURRENT ASSET 2,625 2,177 TOTAL ASSETS $ 16,035 $ 9,754 LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES Accrued liabilities 3,100 3,750 Amount due to a director 17,553 5,124 Deferred revenue 3,300 2,400 TOTAL CURRENT LIABILITIES 23,953 11,274 TOTAL LIABILITIES $ 23,953 $ 11,274 SHAREHOLDERS' EQUITY Common stock – Par value $ 0.001 ; Authorized: 75,000,000 shares; Issued and outstanding: 4,000,000 as of May 31, 2024 and November 30, 2023 $ 4,000 $ 4,000 Share application money pending allotment 900 - Accumulated deficit ( 12,818 ) ( 5,520 ) TOTAL SHAREHOLDERS' EQUITY $ ( 7,918 ) $ ( 1,520 ) TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 16,035 $ 9,754 The accompanying notes are an integral part of these financial statements. F-1 ACEZTECH CORPORATION CONDENSED FOR THE THREE AND SIX MONTHS ENDED MAY 31, 2024 (UNAUDITED) (CURRENCY EXPRESSED IN UNITED STATES DOLLARS ("USquot;), EXCEPT FOR NUMBER OF SHARES) Three months ended May 31, 2024 Six months ended May 31, 2024 REVENUE $ 6,900 $ 13,500 COST OF REVENUE - - GROSS PROFIT $ 6,900 $ 13,500 GENERAL AND ADMINISTRATIVE EXPENSES ( 10,496 ) ( 20,798 ) LOSS FROM OPERATION BEFORE INCOME TAX $ ( 3,596 ) $ ( 7,298 ) INCOME TAX EXPENSES - - NET LOSS $ ( 3,596 ) $ ( 7,298 ) OT