NFiniTi Inc. Files Quarterly Report (10-Q) for Period Ended January 31, 2024

TL;DR

<b>NFiniTi Inc. has filed its quarterly report for the period ending January 31, 2024, detailing its financial status and operational information.</b>

AI Summary

NFiniTi inc. (NFTN) filed a Quarterly Report (10-Q) with the SEC on March 13, 2024. NFiniTi Inc. filed a 10-Q report for the quarterly period ended January 31, 2024. The company was formerly known as American Oil & Gas Inc. and changed its name on March 9, 2012. NFiniTi Inc. is incorporated in Nevada and its principal executive offices are located in La Cruz de Huanacaxtle, Nayarit, Mexico. The company is registered under the SIC code 1382 for Oil and Gas Field Exploration Services. NFiniTi Inc. has submitted all required reports for the past 12 months and has been subject to filing requirements for the last 90 days.

Why It Matters

For investors and stakeholders tracking NFiniTi inc., this filing contains several important signals. This filing provides investors with an update on NFiniTi Inc.'s financial performance and operational activities during the specified quarter. As a public company, NFiniTi Inc. is required to disclose its financial health and business developments, offering transparency to stakeholders.

Risk Assessment

Risk Level: low — NFiniTi inc. shows low risk based on this filing. The filing is a standard 10-Q, indicating routine disclosure rather than significant new events or financial distress.

Analyst Insight

Review the detailed financial statements within the 10-Q to understand NFiniTi Inc.'s revenue, expenses, and overall financial position.

Key Numbers

• 2024-01-31 — Quarterly Period End Date (Reported period)
• 2024-03-13 — Filing Date (Date of submission)
• 1382 — SIC Code (Oil and Gas Field Exploration Services)
• 333-180164 — Commission File Number (SEC registration number)

Key Players & Entities

• NFiniTi inc. (company) — Registrant name
• American Oil & Gas Inc. (company) — Former company name
• Nevada (jurisdiction) — State of incorporation
• La Cruz de Huanacaxtle, Nayarit, Mexico (location) — Address of principal executive offices
• January 31, 2024 (date) — Quarterly period ended
• 20240313 (date) — Filing date
• 1382 (industry_code) — Standard Industrial Classification
• 333-180164 (filing_number) — Commission file number

FAQ

Industry Context

NFiniTi Inc. operates within the Oil and Gas Field Exploration Services industry, a sector characterized by capital intensity and commodity price volatility.

Regulatory Implications

The company is subject to SEC regulations, including the requirement to file quarterly reports (10-Q) to ensure transparency and provide timely financial information to investors.

What Investors Should Do

1. Analyze the financial statements for revenue, net income, and cash flow.
2. Review any disclosed risk factors or management discussion and analysis.
3. Compare current quarter performance to previous periods and industry benchmarks.

Key Dates

• 2024-01-31: Quarterly Period End — End of the reporting period for the 10-Q filing.
• 2024-03-13: Filing Date — Date the 10-Q report was officially submitted to the SEC.

Year-Over-Year Comparison

This is the first 10-Q filing for the fiscal year 2024, providing an initial look at the company's performance in the current fiscal year.

Key Financial Figures

• $11,567 — 023. We incurred operating expenses of $11,567 and $6,198 for the three-month periods
• $6,198 — urred operating expenses of $11,567 and $6,198 for the three-month periods ended Janua
• $0 — ur cash balance at January 31, 2024 was $0, with $8,816 in accounts payable, $130,
• $8,816 — alance at January 31, 2024 was $0, with $8,816 in accounts payable, $130,033 in loans
• $130,033 — as $0, with $8,816 in accounts payable, $130,033 in loans payable to shareholders, and $
• $6,744 — 3 in loans payable to shareholders, and $6,744 in loans payable to the Company's sole
• $13,108 — t cash used in operating activities was $13,108 and $5,101 during the three months ende
• $5,101 — in operating activities was $13,108 and $5,101 during the three months ended January 3
• $10,000 — ing fiscal 2024, we anticipate spending $10,000 on professional fees, including fees pa
• $5,000 — r complying with reporting obligations, $5,000 in general administrative costs and $1,
• $1,500 — 000 in general administrative costs and $1,500 in working capital. Total expenditures
• $16,500 — therefore expected to be approximately $16,500. Off-Balance Sheet Arrangements We h

Filing Documents

• aoix_10q.htm (10-Q) — 258KB
• aoix_ex31.htm (EX-31) — 11KB
• aoix_ex32.htm (EX-32) — 4KB
• 0001477932-24-001172.txt (&nbsp;) — 1134KB
• aoix-20240131.xsd (EX-101.SCH) — 14KB
• aoix-20240131_lab.xml (EX-101.LAB) — 84KB
• aoix-20240131_cal.xml (EX-101.CAL) — 15KB
• aoix-20240131_pre.xml (EX-101.PRE) — 61KB
• aoix-20240131_def.xml (EX-101.DEF) — 15KB
• aoix_10q_htm.xml (XML) — 60KB

FINANCIAL INFORMATION

ITEM 1. FINANCIAL INFORMATION Page

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION Item 1. Condensed Financial Statements 2 Item 2.

Management's Discussion and Analysis or Plan of Operation

Management's Discussion and Analysis or Plan of Operation 11 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 12 Item 4.

Controls and Procedures

Controls and Procedures 12

– OTHER INFORMATION

PART II – OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 13 Item 1a.

Risk Factors

Risk Factors 13 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 13 Item 3. Defaults Upon Senior Securities 13 Item 4. Mine Safety Disclosures 13 Item 5. Other Information 13 Item 6. Exhibits 14 2 Table of Contents NFiniTi inc. Balance Sheets As of As of January 31, 2024 October 31, 2023 (Unaudited) (Audited) ASSETS Current Assets Cash $ - $ - Total Current Assets - - Total Assets $ - $ - LIABILITIES & STOCKHOLDERS' DEFICIT Current Liabilities Accounts Payable $ 8,816 $ 10,357 Loans Payable - Shareholders 130,033 116,925 Loan Payable - Related Party 6,744 6,744 Total Current Liabilities 145,593 134,026 Commitments and Contingencies Stockholders' Deficit Common stock, $ 0.001 par value, 450,000,000 shares authorized; 120,000,000 shares issued and outstanding as of January 31, 2024 and October 31, 2023 $ 120,000 $ 120,000 Additional Paid-In Capital ( 60,000 ) ( 60,000 ) Accumulated deficit ( 205,593 ) ( 194,026 ) Total Stockholders' Deficit ( 145,593 ) ( 134,026 ) Total Liabilities & Stockholders' Deficit $ - $ - The Accompanying Notes are an Integral Part of These Unaudited Condensed Financial Statements 3 Table of Contents NFiniTi inc. Three Months Three Months ended ended January 31, 2024 January 31, 2023 Revenues $ - $ - Expenses Professional Fees 11,567 6,198 Total Expenses 11,567 6,198 Net Operating (Loss) ( 11,567 ) ( 6,198 ) Net (Loss) $ ( 11,567 ) $ ( 6,198 ) Net Loss Per Basic and Diluted share $ ( 0.00 ) $ ( 0.00 ) Weighted average number of Common Shares outstanding 120,000,000 120,000,000 The Accompanying Notes are an Integral Part of These Unaudited Condensed Financial Statements 4 Table of Contents NFiniTi inc. Condensed Statements of Changes in Stockholders' Deficit (Unaudited) Common Additio

MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION.

Forward Looking Statements

Forward Looking Statements This section includes a number of forward-looking statements that reflect our current views with respect to future events and financial performance. Forward-looking statements are often identified by words like: believe, expect, estimate, anticipate, intend, project and similar expressions, or words which, by their nature, refer to future events. You should not place undue certainty on these forward-looking statements, which apply only as of the date of this report. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or our predictions. Results of Operations We generated no revenue for the three-month periods ended January 31, 2024 and 2023. We incurred operating expenses of $11,567 and $6,198 for the three-month periods ended January 31, 2024 and 2023, respectively. The operating expenses were comprised of professional fees. The increase was due to additional professional fees. Our net loss for the three months ended January 31, 2024 and 2023 was $11,567 and $6,198, respectively. Liquidity and Capital Resources Our cash balance at January 31, 2024 was $0, with $8,816 in accounts payable, $130,033 in loans payable to shareholders, and $6,744 in loans payable to the Company's sole officer and director, Michael Noble. If we experience a shortage of funds in the next twelve months, we may utilize additional funds from Mr. Noble, and our major shareholder, Robert Gelfand, who have agreed to advance funds for operations, however they have no formal commitment, arrangement or legal obligation to advance or loan funds to us. Net cash used in operating activities was $13,108 and $5,101 during the three months ended January 31, 2024 and 2023, respectively. Net cash used in investing activities was $0 during the three months ended January 31, 2024 and 2023. Net cash provided by financing activities was $13,108 and $5,101 during the

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK. Not required under Rule 12b-2 of the Securities Exchange Act of 1934 for "smaller reporting companies."

CONTROLS AND PROCEDURES

ITEM 4. CONTROLS AND PROCEDURES. Evaluation of Disclosure Controls and Procedures Management maintains "disclosure controls and procedures," as such term is defined in Rule 13a-15(e) under the Securities Exchange Act of 1934 (the "Exchange Act"), that are designed to ensure that information required to be disclosed in our Exchange Act reports is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission rules and forms, and that such information is accumulated and communicated to management, including our Chief Executive Officer and Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosure. In connection with the preparation of this quarterly report on Form 10-Q, an evaluation was carried out by management, with the participation of the Chief Executive Officer and the Chief Financial Officer, of the effectiveness of our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act) as of January 31, 2024. Based on that evaluation, management concluded, as of the end of the period covered by this report, that our disclosure controls and procedures were not effective in recording, processing, summarizing, and reporting information required to be disclosed, within the time periods specified in the Securities and Exchange Commission's rules and forms. Changes in Internal Controls over Financial Reporting There have been no changes in the internal controls over financial reporting during the quarter ended January 31, 2024, that materially affected, or are reasonably likely to materially affect, our internal control over financial reporting subsequent to the date of management's last evaluation. 12 Table of Contents

OTHER INFORMATION

PART II. OTHER INFORMATION

LEGAL PROCEEDINGS

ITEM 1. LEGAL PROCEEDINGS Our Company is not involved in any material litigation and we are unaware of any threatened material litigation. From time to time, we may become involved in litigation relating to claims arising from the ordinary course of our business.

RISK FACTORS

ITEM 1A. RISK FACTORS Not required under Rule 12b-2 of the Securities Exchange Act of 1934 for "smaller reporting companies."

UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS None.

DEFAULTS UPON SENIOR SECURITIES

ITEM 3. DEFAULTS UPON SENIOR SECURITIES There were no defaults upon senior securities during the period ended January 31, 2024.

MINE SAFETY DISCLOSURES

ITEM 4. MINE SAFETY DISCLOSURES Not applicable.

OTHER INFORMATION

ITEM 5. OTHER INFORMATION None. 13 Table of Contents

EXHIBITS

ITEM 6. EXHIBITS. The following exhibits are included with this quarterly filing. Those marked with an asterisk and required to be filed hereunder, are incorporated by reference and can be found in their entirety in our original Registration Statement on Form S-1, filed under SEC File Number 333-180164, at the SEC website at www.sec.gov: Exhibit No. Description 3.1 Articles of Incorporation* 3.2 Bylaws* 31 Sec. 302 Certification of Chief Executive Officer and Chief Financial Officer 32 Sec. 906 Certification of Chief Executive Officer and Chief Financial Officer 101.INS Inline XBRL Instance Document (the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document). 101.SCH Inline XBRL Taxonomy Extension Schema Document. 101.CAL Inline XBRL Taxonomy Extension Calculation Linkbase Document. 101.DEF Inline XBRL Taxonomy Extension Definition Linkbase Document. 101.LAB Inline XBRL Taxonomy Extension Labels Linkbase Document. 101.PRE Inline XBRL Taxonomy Extension Presentation Linkbase Document. 104 Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101). 14 Table of Contents

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. NFiniTi inc. Registrant Date March 13, 2024 By: /s/ Michael Noble Michael Noble, Chief Executive Officer, Chief Financial Officer and Director 15

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View this 10-Q filing on SEC EDGAR