HNO International, Inc. Files 2023 Annual Report on Form 10-K

TL;DR

<b>HNO International, Inc. has filed its 2023 10-K report, detailing its financial status and business operations.</b>

AI Summary

HNO International, Inc. (HNOI) filed a Annual Report (10-K) with the SEC on January 29, 2024. HNO International, Inc. filed its 10-K for the fiscal year ending October 31, 2023. The company was formerly known as Excoin Ltd., Clenergen Corp, and CLENERGEN Corp. HNO International, Inc. is incorporated in Nevada. The company's business address is 41558 Eastman Drive, Suite B, Murrieta, CA 92562. The SIC code for HNO International, Inc. is METAL MINING [1000].

Why It Matters

For investors and stakeholders tracking HNO International, Inc., this filing contains several important signals. This filing provides a comprehensive overview of HNO International's financial performance and strategic direction for the fiscal year 2023, crucial for investors assessing the company's current standing. Understanding the company's historical name changes and its classification within the Metal Mining sector offers context for its operational focus and potential market positioning.

Risk Assessment

Risk Level: low — HNO International, Inc. shows low risk based on this filing. The filing is a standard 10-K report with no immediate red flags, indicating a routine disclosure of financial information.

Analyst Insight

Investors should review the full 10-K filing to understand HNO International's financial health, operational details, and future outlook within the metal mining industry.

Key Numbers

• 2023-10-31 — Fiscal Year End (Conformed period of report)
• 2024-01-29 — Filing Date (Filed as of date)
• 000-56568 — SEC File Number (SEC file number)
• 0001342916 — Central Index Key (Central Index Key)

Key Players & Entities

• HNO International, Inc. (company) — Filer name
• Excoin Ltd. (company) — Former company name
• Clenergen Corp (company) — Former company name
• CLENERGEN Corp (company) — Former company name
• Murrieta, CA (location) — Business address city and state
• METAL MINING [1000] (industry) — Standard Industrial Classification
• NV (location) — State of incorporation
• MrOwens (person) — Mentioned in relation to agreements

Forward-Looking Statements

• HNO International, Inc. will continue to operate primarily within the metal mining sector. (HNO International, Inc.) — high confidence, target: 2025-10-31
• The company may undergo further corporate restructuring or name changes given its historical pattern. (HNO International, Inc.) — medium confidence, target: 2026-01-29

FAQ

Industry Context

HNO International, Inc. operates within the Metal Mining sector, as indicated by its SIC code.

Regulatory Implications

The filing is a standard 10-K report under the Securities Exchange Act of 1934.

What Investors Should Do

1. Review the full 10-K filing for detailed financial statements and management discussion.
2. Analyze the company's historical name changes for context on its evolution.
3. Assess the company's position within the Metal Mining industry based on its SIC code.

Year-Over-Year Comparison

This is the initial 10-K filing for HNO International, Inc. under its current name and structure, with previous filings under former names like Excoin Ltd. and Clenergen Corp.

Key Financial Figures

• $0.001 — (g) of the Act: Common Stock, Par Value $0.001 Indicate by check mark if the registr
• $75 million — agreements from investors as part of a $75 million offering under Regulation A. During the
• $450,000 — leased the land required (approximately $450,000) to build the first Hydrogen Farm locat
• $2,500,000 — n April 2024, with expected revenues of $2,500,000 over next 12 months. We have also ident
• $20,000,000 — expected expenditures of approximately $20,000,000 over the next 12 months and expected re
• $35,000,000 — next 12 months and expected revenues of $35,000,000 - $45,000,000 over the next 12 months.
• $45,000,000 — and expected revenues of $35,000,000 - $45,000,000 over the next 12 months. 6 We are sc
• $41,609,945 — t October 31, 2023, we had a deficit of $41,609,945 and have not been able to generate suff
• $11.6B — n consumption is projected to grow from $11.6B in 2022 to $90B in 2030, growing by a 5
• $90B — rojected to grow from $11.6B in 2022 to $90B in 2030, growing by a 55% CAGR. We are

Filing Documents

• hnoi10k103123.htm (10-K) — 1284KB
• ex311.htm (EX-31) — 8KB
• ex312.htm (EX-31) — 8KB
• ex321.htm (EX-32) — 4KB
• ex322.htm (EX-32) — 4KB
• image_001.jpg (GRAPHIC) — 35KB
• 0001262463-24-000015.txt (&nbsp;) — 4103KB
• hnoi-20231031.xsd (EX-101.SCH) — 30KB
• hnoi-20231031_cal.xml (EX-101.CAL) — 42KB
• hnoi-20231031_def.xml (EX-101.DEF) — 132KB
• hnoi-20231031_lab.xml (EX-101.LAB) — 216KB
• hnoi-20231031_pre.xml (EX-101.PRE) — 199KB
• hnoi10k103123_htm.xml (XML) — 318KB

Business

Business 5 Item 1A.

Risk Factors

Risk Factors 10 Item 1B. Unresolved Staff Comments 20 Item 2.

Properties

Properties 20 Item 3.

Legal Proceedings

Legal Proceedings 20 Item 4. Mine Safety Disclosures 20 PART II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 20 Item 6. [Reserved] 36 Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 37 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 39 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 39 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 41 Item 9A.

Controls and Procedures

Controls and Procedures 41 Item 9B. Other Information 41 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 41 PART III Item 10. Directors, Executive Officers and Corporate Governance 42 Item 11.

Executive Compensation

Executive Compensation 44 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 45 Item 13. Certain Relationships and Related Transactions and Director Independence 46 Item 14. Principal Accountant Fees and Services 47 PART IV Item 15. Exhibits, Financial Statement Schedules 50 Item 16. Form 10-K Summary 50

Signatures

Signatures 50 3 CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS This report on Form 10-K contains "forward-looking results could differ materially from those anticipated in the forward-looking statements for many reasons, including the risks described in this Form 10-K and other filings we make with the Securities and Exchange Commission. Although we believe the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made. We do not intend to update any of the forward-looking statements after the date of this report to conform these statements to actual results or to changes in our expectations, except as required by law. The following discussion and analysis of financial condition and results of operations is based upon, and should be read in conjunction with our audited financial statements and related notes thereto included elsewhere in this Form 10-K. 4 PART I

BUSINESS

ITEM 1. BUSINESS Company Overview HNO International, Inc., a Nevada corporation (herein referred to as " we ," " us ," " our ," " HNO " and the " Company "), focuses on systems engineering design, integration, and product development to generate green hydrogen-based clean energy solutions to help businesses and communities decarbonize in the near term. HNO stands for Hydrogen and Oxygen and our experienced management team has over 13 years of expertise in the green hydrogen production industry. HNO provides green hydrogen systems engineering design, integration, and products to multiple markets, which include: (i) the zero-emission vehicle and mobile equipment market consisting of hydrogen fuel cell electric passenger vehicles, material handling equipment such as forklifts and airport ground support equipment, as well as the medium and heavy-duty truck market; (ii) the current and emerging hydrogen gas markets encompassing ammonia, fertilizer, steel, mining, electronics, semiconductors, and fuel cell electric vehicles; (iii) and the gasoline and diesel engine emissions and maintenance reduction product and services market. HNO is at the forefront of developing innovative integrated products that cater to various uses of green hydrogen, both current and future. These include: Hydrogen refueling and generation systems for Fuel Cell Electric vehicles, such as forklifts, drones, cars, and trucks, as well as for zero-emission heating and cooking applications. Small to mid-scale green hydrogen production facilities with a capacity of 100kg/day to 5,000kg/day. These facilities can help decarbonize industrial processes and increase the use of hydrogen and hydrogen-based fuels for transportation and material handling. Hydrogen technologies that decrease emissions and maintenance for existing gasoline and diesel internal combustion engines. This can aid companies in decarbonizing their operations in the short term. Overview HNO focuses on systems engineering d

Properties

Properties We operate out of an approximately 5,000 square foot facility in Murrieta, California and we are establishing a location in Houston, Texas for our Scalable

View Full Filing

View this 10-K filing on SEC EDGAR