HNO International, Inc. Files 10-Q for April 30, 2024

TL;DR

HNO International filed its Q2 10-Q. Previously Excoin Ltd. & Clenergen Corp. Based in CA.

AI Summary

HNO International, Inc. filed its 10-Q for the period ending April 30, 2024. The company, previously known as Excoin Ltd. and Clenergen Corp, is incorporated in Nevada and operates in the Metal Mining sector. Its principal business address is in Murrieta, California.

Why It Matters

This filing provides investors with an update on HNO International's financial performance and operational status for the specified quarter.

Risk Assessment

Risk Level: low — The filing is a routine quarterly report and does not contain immediate red flags or significant negative news.

Key Numbers

• 20240430 — Reporting Period End Date (Indicates the end of the fiscal quarter covered by the report.)
• 20240627 — Filing Date (The date the 10-Q was officially submitted to the SEC.)

Key Players & Entities

• HNO International, Inc. (company) — Filer of the 10-Q
• Excoin Ltd. (company) — Former name of HNO International, Inc.
• Clenergen Corp (company) — Former name of HNO International, Inc.
• Murrieta, California (location) — Business address of HNO International, Inc.
• 20240430 (date) — End of the reporting period

FAQ

Key Financial Figures

• $2,501 — he monthly rental amount for Suite B is $2,501 for the period from December 1, 2023, t
• $2,573.00 — November 30, 2024, with an increase to $2,573.00 for the period from December 1, 2024, t
• $2,647.00 — o November 30, 2025, and an increase to $2,647.00 for the period from December 1, 2025, t
• $2,434.00 — he monthly rental amount for Suite C is $2,434.00 for the period from February 1, 2024, t
• $2,506.00 — November 30, 2024, with an increase to $2,506.00 for the period from December 1, 2024, t
• $2,555.00 — o November 30, 2025, and an increase to $2,555.00 for the period from December 1, 2025, t

Filing Documents

• hnoi10q043024.htm (10-Q) — 661KB
• ex311.htm (EX-31) — 8KB
• ex312.htm (EX-31) — 8KB
• ex321.htm (EX-32) — 4KB
• ex322.htm (EX-32) — 4KB
• 0001262463-24-000067.txt ( ) — 3633KB
• hnoi-20240430.xsd (EX-101.SCH) — 31KB
• hnoi-20240430_cal.xml (EX-101.CAL) — 43KB
• hnoi-20240430_def.xml (EX-101.DEF) — 135KB
• hnoi-20240430_lab.xml (EX-101.LAB) — 263KB
• hnoi-20240430_pre.xml (EX-101.PRE) — 232KB
• hnoi10q043024_htm.xml (XML) — 364KB

Financial Statements (Unaudited)

Financial Statements (Unaudited) 5 Unaudited Condensed Balance Sheets as of April 30, 2024 and October 31, 2023 5 Unaudited Condensed Statements of Operations for the Three and Six Months Ended April 30, 2024 and 2023 6 Unaudited Condensed Statement of Stockholders' Deficit for the Three and Six Months Ended April 30, 2024 and for the Year Ended October 31, 2023 7 Unaudited Condensed Statements of Cash Flows for the Six Months Ended April 30, 2024 and 2023 8 Notes to Unaudited Condensed Financial Statements 9 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 19 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 23 Item 4.

Controls and Procedures

Controls and Procedures 23 PART II OTHER INFORMATION Item 1A.

Risk Factors

Risk Factors 24 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 25 Item 5. Other Information 26 Item 6. Exhibits 27

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements. HNO INTERNATIONAL, INC. CONDENSED BALANCE SHEETS (Unaudited) April 30, October 31, 2024 2023 ASSETS Current Assets Cash $ 77,459 $ 235,159 Accrued interest receivable 5,185 — Due from related party — 56,392 Total Current Assets 82,644 291,551 Non-Current Assets Property and equipment, net 943,055 767,938 Intangible assets, net 77,273 79,324 Long term asset 136,725 103,821 ROU asset 149,662 — Security deposits — 100,000 Total Non-Current Assets 1,306,715 1,051,083 TOTAL ASSETS $ 1,389,359 $ 1,342,634 LIABILITIES AND STOCKHOLDERS' DEFICIT LIABILITIES Current Liabilities Accounts payable 16,738 925 Accrued interest payable 54,982 41,270 Lease liability 55,051 — Payroll tax 2,838 17,640 Advances, related party 710,585 — Notes payable, related party 785,000 785,000 Total Current Liabilities 1,625,194 844,835 Non-Current Liability Lease liability 95,033 — Long term notes payable, related party 590,000 590,000 Total Non-Current Liability 685,033 590,000 Total Liabilities 2,310,227 1,434,835 STOCKHOLDERS' 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 April 30, 2024 and October 31, 2023, respectively 10,000 10,000 Common stock, par value $ 0.001 per share; 985,000,000 shares authorized; 419,553,485 and 419,341,584 shares issued and outstanding as of April 30, 2024 and October 31, 2023, respectively 419,553 419,341 Common stock payable 79,500 32,251 Common stock subscription receivable ( 23,750 ) ( 23,750 ) Additional paid-in capital 41,291,591 41,079,902 Accumulated deficit ( 42,697,762 ) ( 41,609,945 ) Total Stockholders' Deficit ( 920,868 ) ( 92,201 ) TOTAL L

View Full Filing

View this 10-Q filing on SEC EDGAR