HNO International, Inc. Files 10-Q for Period Ending January 31, 2024

TL;DR

<b>HNO International, Inc. has filed its quarterly report (10-Q) for the period ending January 31, 2024, detailing its financial position and operations.</b>

AI Summary

HNO International, Inc. (HNOI) filed a Quarterly Report (10-Q) with the SEC on March 18, 2024. Filing is a 10-Q for HNO International, Inc. for the period ending January 31, 2024. The company was formerly known as Excoin Ltd. and Clenergen Corp. HNO International, Inc. is in the Metal Mining industry (SIC 1000). The company's fiscal year ends on October 31st. The filing includes data related to Preferred Stock Series A, Common Stock, Stock Payable, Share Subscription Receivable, Additional Paid-In Capital, and Retained Earnings for various periods.

Why It Matters

For investors and stakeholders tracking HNO International, Inc., this filing contains several important signals. This 10-Q filing provides investors and analysts with an updated view of HNO International's financial health and operational status for the recent quarter. Understanding the company's financial structure, including its equity components and historical name changes, is crucial for assessing its stability and potential for future growth.

Risk Assessment

Risk Level: low — HNO International, Inc. shows low risk based on this filing. The filing is a standard 10-Q, which is a routine periodic report and does not inherently indicate significant new risks or positive developments beyond normal business operations.

Analyst Insight

Review the detailed financial statements and equity breakdowns within the 10-Q to understand the company's current financial standing and any changes from previous periods.

Key Numbers

• 2024-01-31 — Reporting Period End Date (Conformed period of report)
• 2024-03-18 — Filing Date (Filed as of date)
• 1031 — Fiscal Year End (Fiscal year end)
• 2021-08-30 — Date of Name Change (Former company name Excoin Ltd.)
• 2010-03-17 — Date of Name Change (Former company name Clenergen Corp)

Key Players & Entities

• HNO International, Inc. (company) — Filer name
• Excoin Ltd. (company) — Former company name
• Clenergen Corp (company) — Former company name
• MURRIETA (location) — Business address city
• NV (location) — State of incorporation
• 1000 (other) — Standard Industrial Classification code for Metal Mining

FAQ

Industry Context

HNO International, Inc. operates within the Metal Mining sector, as indicated by its SIC code 1000.

Regulatory Implications

This filing is made under the Securities Exchange Act of 1934, requiring public companies to submit regular financial disclosures.

What Investors Should Do

1. Analyze the balance sheet and statement of equity for changes in assets, liabilities, and equity components.
2. Compare the current period's financial data with previous filings to identify trends.
3. Note any disclosures regarding operational activities or significant events within the report.

Year-Over-Year Comparison

This is a 10-Q filing, representing a quarterly update. Specific comparisons to the prior period's 10-Q would require access to that document.

Filing Documents

• hnoi013124q.htm (10-Q) — 536KB
• ex311.htm (EX-31) — 8KB
• ex312.htm (EX-31) — 8KB
• ex321.htm (EX-32) — 4KB
• ex322.htm (EX-32) — 4KB
• 0001262463-24-000034.txt (&nbsp;) — 2922KB
• hnoi-20240131.xsd (EX-101.SCH) — 27KB
• hnoi-20240131_cal.xml (EX-101.CAL) — 40KB
• hnoi-20240131_def.xml (EX-101.DEF) — 118KB
• hnoi-20240131_lab.xml (EX-101.LAB) — 193KB
• hnoi-20240131_pre.xml (EX-101.PRE) — 178KB
• hnoi013124q_htm.xml (XML) — 290KB

Financial Statements (Unaudited)

Financial Statements (Unaudited) 5 Item 2.

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

Management's Discussion and Analysis of Financial Condition and Results of Operations 17 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 22 Item 4.

Controls and Procedures

Controls and Procedures 22 PART II OTHER INFORMATION Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 23 Item 6. Exhibits 25

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements. HNO INTERNATIONAL, INC. CONDENSED BALANCE SHEETS (Unaudited) January 31, October 31, 2024 2023 ASSETS Current Assets Cash $ 68,869 $ 235,159 Due from related party 56,392 56,392 Total Current Assets 125,261 291,551 Non-Current Assets Property and equipment, net 866,077 767,938 Intangible assets, net 78,287 79,324 Long term asset 136,725 103,821 Security deposits — 100,000 Total Non-Current Assets 1,081,089 1,051,083 TOTAL ASSETS $ 1,206,350 $ 1,342,634 LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) LIABILITIES Current Liabilities Accounts payable 4,144 925 Accrued interest payable 48,201 41,270 Payroll tax 2,838 17,640 Advances, related party 265,585 — Notes payable, related party 785,000 785,000 Total Current Liabilities 1,105,768 844,835 Long term notes payable, related party 590,000 590,000 Total Liabilities 1,695,768 1,434,835 STOCKHOLDERS' EQUITY (DEFICIT) Preferred stock, par value $ 0.001 per share; 15,000,000 shares authorized — — Series A, par value $ 0.001 per share; 10,000,000 shares authorized; 10,000,000 and 10,000,000 shares issued and outstanding as of January 31, 2024 and October 31, 2023, respectively 10,000 10,000 Common stock, par value $ 0.001 per share; 985,000,000 shares authorized; 419,433,085 and 419,341,584 shares issued and outstanding as of January 31, 2024 and October 31, 2023, respectively 419,433 419,341 Common stock payable 66,250 32,251 Common stock subscription receivable ( 23,750 ) ( 23,750 ) Additional paid-in capital 41,171,311 41,079,902 Accumulated deficit ( 42,132,662 ) ( 41,609,945 ) Total Stockholders' Equity (Deficit) ( 489,418 ) ( 92,201 ) TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) $ 1,206,350 $ 1,342,634 The accompanying notes are an integral part of these unaudited condensed financial statements. 5 HNO INTERNATIONAL, INC. CONDENSED STATEMENT OF OPERATIO

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View this 10-Q filing on SEC EDGAR