HNO International, Inc. Files 10-Q for Q3 2024

TL;DR

HNO International filed its 10-Q for 7/31/24. Metal mining co. based in CA.

AI Summary

HNO International, Inc. filed its 10-Q for the period ending July 31, 2024. The company, formerly known as Excoin Ltd. and Clenergen Corp, is in the metal mining industry and is incorporated in Nevada. 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 third quarter of fiscal year 2024.

Risk Assessment

Risk Level: low — This is a standard 10-Q filing with no immediate red flags or significant new disclosures.

Key Numbers

• 20240731 — Reporting Period End Date (Indicates the end of the fiscal quarter covered by the report.)
• 20240920 — 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, CA (location) — Business address of HNO International, Inc.
• 20240731 (date) — End of the reporting period

FAQ

Key Financial Figures

• $4,183 — California 92562. The monthly rent was $4,183. Both suites are approximately 2,088 sq
• $2,501 — he monthly rental amount for Suite B is $2,501 for the period from December 1, 2023, t
• $2,573 — November 30, 2024, with an increase to $2,573 for the period from December 1, 2024, t
• $2,647 — o November 30, 2025, and an increase to $2,647 for the period from December 1, 2025, t
• $2,434 — he monthly rental amount for Suite C is $2,434 for the period from February 1, 2024, t
• $2,506 — November 30, 2024, with an increase to $2,506 for the period from December 1, 2024, t
• $2,555 — o November 30, 2025, and an increase to $2,555 for the period from December 1, 2025, t

Filing Documents

• hnoi073124q.htm (10-Q) — 713KB
• ex311.htm (EX-31) — 8KB
• ex312.htm (EX-31) — 8KB
• ex321.htm (EX-32) — 4KB
• ex322.htm (EX-32) — 4KB
• 0001262463-24-000084.txt ( ) — 3882KB
• hnoi-20240731.xsd (EX-101.SCH) — 36KB
• hnoi-20240731_cal.xml (EX-101.CAL) — 44KB
• hnoi-20240731_def.xml (EX-101.DEF) — 143KB
• hnoi-20240731_lab.xml (EX-101.LAB) — 276KB
• hnoi-20240731_pre.xml (EX-101.PRE) — 243KB
• hnoi073124q_htm.xml (XML) — 425KB

Financial Statements (Unaudited)

Financial Statements (Unaudited) 5 Unaudited Condensed Balance Sheets as of July 31, 2024 and October 31, 2023 5 Unaudited Condensed Statements of Operations for the Three and Nine Months Ended July 31, 2024 and July 31, 2023 6 Unaudited Condensed Statement of Stockholders' Deficit for the Three and Nine Months Ended July 31, 2024 and July 31, 2023 7 Unaudited Condensed Statements of Cash Flows for the Nine Months Ended July 31, 2024 and July 31, 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 2. Unregistered Sales of Equity Securities and Use of Proceeds 24 Item 5. Other Information 26 Item 6. Exhibits 26

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements. HNO INTERNATIONAL, INC. CONDENSED BALANCE SHEETS (Unaudited) July 31, October 31, 2024 2023 ASSETS Current Assets Cash $ 78,917 $ 235,159 Due from related party — 56,392 Total Current Assets 78,917 291,551 Non-Current Assets Property and equipment, net 993,578 767,938 Intangible assets, net 76,236 79,324 Long term asset, net 129,889 103,821 ROU asset 135,875 — Security deposits — 100,000 Total Non-Current Assets 1,335,578 1,051,083 TOTAL ASSETS $ 1,414,495 $ 1,342,634 LIABILITIES AND STOCKHOLDERS' DEFICIT LIABILITIES Current Liabilities Accounts payable 22,052 925 Accrued interest payable 61,913 41,270 Lease liability 56,051 — Payroll tax 2,838 17,640 Advances, related party 800,585 — Customer deposits 99 — Notes payable, related party 785,000 785,000 Total Current Liabilities 1,728,538 844,835 Non-Current Liability Lease liability 80,668 — Long term notes payable, related party 590,000 590,000 Total Non-Current Liability 670,668 590,000 Total Liabilities 2,399,206 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 July 31, 2024 and October 31, 2023, respectively 10,000 10,000 Common stock, par value $ 0.001 per share; 985,000,000 shares authorized; 410,739,392 and 419,341,584 shares issued and outstanding as of July 31, 2024 and October 31, 2023, respectively 410,739 419,341 Common stock payable 17,750 32,251 Common stock subscription receivable ( 13,750 ) ( 23,750 ) Additional paid-in capital 41,784,933 41,079,902 Accumulated deficit ( 43,194,383 ) ( 41,609,945 ) Total Stockholders' Deficit ( 984,711 ) ( 92,201 ) TOTAL LIABILITIES

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View this 10-Q filing on SEC EDGAR