Hestia Insight Inc. Files 10-Q for Period Ending February 29, 2024

TL;DR

<b>Hestia Insight Inc. has filed its quarterly report (10-Q) for the period ending February 29, 2024.</b>

AI Summary

Hestia Insight Inc. (HSTA) filed a Quarterly Report (10-Q) with the SEC on April 22, 2024. Hestia Insight Inc. filed a 10-Q for the quarterly period ended February 29, 2024. The filing covers the period from December 1, 2023, to February 29, 2024. The company's fiscal year ends on November 30. Hestia Insight Inc. is incorporated in Nevada. The company's business and mailing address is 400 S. 4th Street, Suite 500, Las Vegas, NV 89101.

Why It Matters

For investors and stakeholders tracking Hestia Insight Inc., this filing contains several important signals. This 10-Q filing provides an update on Hestia Insight Inc.'s financial performance and operational status for the first quarter of its fiscal year. Investors and analysts can use this report to assess the company's recent business activities, financial health, and any material changes since the last filing.

Risk Assessment

Risk Level: low — Hestia Insight Inc. shows low risk based on this filing. The filing is a standard quarterly report (10-Q) and does not contain immediate, significant financial disclosures or events that would indicate high risk.

Analyst Insight

Monitor future filings for detailed financial results and management's discussion and analysis to understand the company's performance trajectory.

Key Numbers

• 2024-02-29 — Period End Date (Conformed Period of Report)
• 2024-04-22 — Filing Date (Filed as of Date)
• 1130 — Fiscal Year End (Fiscal Year End)
• 2023-12-01 — Quarter Start Date (Reporting period start date)

Key Players & Entities

• Hestia Insight Inc. (company) — Filer name
• 0001813603 (company) — Central Index Key
• 8742 (company) — Standard Industrial Classification
• NV (company) — State of Incorporation
• 400 S. 4TH STREET SUITE 500 (company) — Business Address Street 1
• LAS VEGAS (company) — Business Address City
• 89101 (company) — Business Address ZIP
• 929-329-4756 (company) — Business Phone

FAQ

Industry Context

Hestia Insight Inc. operates within the management consulting services industry.

Regulatory Implications

The company is subject to SEC regulations for public filings, including the requirement to submit 10-Q reports quarterly.

What Investors Should Do

1. Review the full 10-Q filing for detailed financial statements and disclosures.
2. Analyze management's discussion and analysis for insights into business performance and outlook.
3. Compare current quarter results with historical data and industry trends.

Year-Over-Year Comparison

This is the 10-Q filing for the first quarter of the fiscal year ending November 30, 2024. Specific comparative financial data from the prior year's quarter is not detailed in this header information.

Key Financial Figures

• $0.001 — Exchange Act: Common Stock, par value $0.001 per share (Title of class) As of Apr

Filing Documents

• hestialnsightinc_10q.htm (10-Q) — 390KB
• hestialnsightinc_ex31-1.htm (EX-31.1) — 11KB
• hestialnsightinc_ex31-2.htm (EX-31.2) — 11KB
• hestialnsightinc_ex32.htm (EX-32) — 5KB
• 0001829126-24-002685.txt (&nbsp;) — 2293KB
• hsta-20240229.xsd (EX-101.SCH) — 22KB
• hsta-20240229_cal.xml (EX-101.CAL) — 32KB
• hsta-20240229_def.xml (EX-101.DEF) — 47KB
• hsta-20240229_lab.xml (EX-101.LAB) — 161KB
• hsta-20240229_pre.xml (EX-101.PRE) — 121KB
• hestialnsightinc_10q_htm.xml (XML) — 223KB

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION Item 1.

Financial Statements

Financial Statements 1 Consolidated Balance Sheets as of February 29, 2024 (Unaudited) and November 30, 2023 (Unaudited) 1 Consolidated Statements of Operations for the Three months ended February 29, 2024 (Unaudited) and February 28, 2023 (Unaudited) 2 Consolidated Statement of Changes in Stockholders' Equity for the Three months ended February 29, 2024 (Unaudited) and February 28, 2023 (Unaudited) 3 Consolidated Statements of Cash Flows for the Three months ended February 29, 2024 (Unaudited) and February 28, 2023 (Unaudited) 4 Notes to Unaudited Consolidated Financial Statements 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 12 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 21 Item 4.

Controls and Procedures

Controls and Procedures 21

- OTHER INFORMATION

PART II - OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 22 Item 1A.

Risk Factors

Risk Factors 22 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 22 Item 3. Defaults upon Senior Securities 22 Item 4. Mine Safety Disclosures 22 Item 5. Other Information 22 Item 6. Exhibits 23 i

FORWARD LOOKING STATEMENTS

FORWARD LOOKING STATEMENTS This report contains forward-looking statements regarding our business, financial condition, results of operations and prospects. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates" and similar expressions or variations of such words are intended to identify forward-looking statements but are not deemed to represent an all-inclusive means of identifying forward-looking statements as denoted in this report. Additionally, statements concerning future matters are forward-looking Although forward-looking statements in this report reflect the good faith judgment of our management, such statements can only be based on facts and factors currently known by us. Consequently, forward-looking statements are inherently subject to risks and uncertainties and actual results and outcomes may differ materially from the results and outcomes discussed in or anticipated by the forward-looking statements. Factors that could cause or contribute to such differences in results and outcomes include, without limitation, those specifically addressed under the headings "Risks Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our annual report on Form 10-K, in "Management's Discussion and Analysis of Financial Condition and Results of Operations" in this Form 10-Q and information contained in other reports that we file with the SEC. You are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this report. We file reports with the SEC. The SEC maintains a website (www.sec.gov) that contains reports, proxy and information statements, and other information regarding issuers that file electronically with the SEC, including us. You can also read and copy any materials we file with the SEC at the SEC's Public Reference Room at 100 F Street, NE, Washington, DC 20549. You can obtain additional information about th

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements. HESTIA INSIGHT INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS As of February 29, 2024 (Unaudited) and November 30, 2023 (Unaudited) February 29, 2024 November 30, 2023 ASSETS CURRENT ASSETS: Cash and cash equivalents $ 97,856 $ 93,890 Investments in equities 82,407 73,006 Accounts Receivable; net of allowance for doubtful accounts of $ 0 and $ 0 as of February 29, 2024, and November 30, 2023, respectively. 8,000 - Total current assets 188,263 166,896 FIXED ASSETS: Vending machines; net of accumulated depreciation of $ 7,722 and $ 6,510 as of February 29, 2024, and November 30. 2023, respectively. 26,230 27,442 Total fixed assets 26,230 27,442 OTHER ASSETS: - - TOTAL ASSETS $ 214,493 $ 194,338 LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable and accrued liabilities $ 10,693 $ 16,214 Related Party – Note Payable 50,375 - Total current liabilities 61,068 16,214 LONG TERM LIABILITIES: - - TOTAL LIABILITIES 61,068 16,214 STOCKHOLDERS' EQUITY: Common stock, par value $ 0.001 per share; 285,000,000 shares authorized; 27,939,260 and 27,939,260 shares issued and outstanding as of February 29, 2024, and November 30, 2023, respectively. 27,939 27,939 Cancelled Shares, 5,100,000 and 5,100,000 shares as of February 29, 2024, and November 30. 2023, respectively [Note 7 and Note 8]. 5,100 5,100 Additional paid in capital 901,613 901,613 Accumulated earnings/(deficits) ( 781,227 ) ( 756,528 ) Total stockholders' equity 153,425 178,124 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 214,493 $ 194,338 The accompanying notes are an integral part of these unaudited consolidated financial 1 HESTIA INSIGHT INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS For the three months ended February 29, 2024, and February 28, 2023 (Unaudited) For the Three Months Ended February 29, 2024 February 28, 2023 REV

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View this 10-Q filing on SEC EDGAR