Natural Resource Holdings Files 10-K Amendment

TL;DR

NRHI filed a 10-K/A for FY24, check financials for Boxxy Inc. history.

AI Summary

Natural Resource Holdings, Inc. filed an amendment to its 10-K for the fiscal year ending April 30, 2024. The company, formerly known as Boxxy Inc., is a non-store retailer. The filing includes financial data such as long-term debt and specific dates related to reporting periods.

Why It Matters

This amendment provides updated financial information and disclosures for Natural Resource Holdings, Inc., which is crucial for investors to assess the company's performance and financial health.

Risk Assessment

Risk Level: low — This is a routine amendment to a 10-K filing, indicating updates rather than a significant new event.

Key Numbers

• $75,000,000 — Total Assets (Reported for the fiscal year ending April 30, 2024.)
• $5,709,891 — Long-Term Debt (Reported for the fiscal year ending April 30, 2024.)
• $209,891 — Current Portion of Long-Term Debt (Reported for the fiscal year ending April 30, 2024.)

Key Players & Entities

• Natural Resource Holdings, Inc. (company) — Filer of the 10-K/A
• Boxxy Inc. (company) — Former name of Natural Resource Holdings, Inc.
• 0430 (date) — Fiscal year end date
• 20240926 (date) — Filing date

FAQ

Key Financial Figures

• $0.325 — ober 31, 2023, was $ 181,965 based on a $0.325 average bid and asked price of such com
• $2,047,358 — s for the year ended April 30, 2024 was $2,047,358 compared to $40,744 for the year ended
• $40,744 — ril 30, 2024 was $2,047,358 compared to $40,744 for the year ended April 30, 2023. The
• $2,000,000 — o the Director of the Company valued at $2,000,000 as management salaries for the period f
• $167,597 — t liabilities as of April 30, 2024 were $167,597 as compared to total current liabilitie
• $165,198 — ompared to total current liabilities of $165,198 as of April 30, 2023. The increase was
• $41,044 — t cash used in operating activities was $41,044 for the year ended April 30, 2024 compa
• $47,580 — year ended April 30, 2024 compared with $47,580 used in operating activities during the
• $490 — ortization on mining property rights of $490 and amortization on note discount of $3
• $3,425 — 90 and amortization on note discount of $3,425 and net changes in operating assets and
• $2,399 — in operating assets and liabilities of $2,399. During the year ended April 30, 2023,
• $21,447 — unts payable and accrued liabilities of $21,447, decreased by amortization on note disc
• $3,416 — sed by amortization on note discount of $3,416 and net changes in operating assets and
• $11,195 — in operating assets and liabilities of $11,195. Cash Flows from Investing Activity
• $39,237 — 4, net cash from investing activity was $39,237 for acquisition of mining property righ

Filing Documents

• boxxy_10ka.htm (10-K/A) — 484KB
• boxxy_ex311.htm (EX-31.1) — 13KB
• boxxy_ex321.htm (EX-32.1) — 5KB
• boxxy_10kimg2.jpg (GRAPHIC) — 14KB
• 0001640334-24-001453.txt ( ) — 2569KB
• boxxy-20240430.xsd (EX-101.SCH) — 31KB
• boxxy-20240430_lab.xml (EX-101.LAB) — 165KB
• boxxy-20240430_cal.xml (EX-101.CAL) — 28KB
• boxxy-20240430_pre.xml (EX-101.PRE) — 135KB
• boxxy-20240430_def.xml (EX-101.DEF) — 63KB
• boxxy_10ka_htm.xml (XML) — 271KB

Risk Factors

Risk Factors 4 ITEM 2 Description of Property 4 ITEM 3

Legal Proceedings

Legal Proceedings 4 ITEM 4 Submission of Matters to a Vote of Security Holders 4 PART II ITEM 5 Market for Common Equity and Related Stockholder Matters 5 ITEM 6

Selected Financial Data

Selected Financial Data 6 ITEM 7

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

Management's Discussion and Analysis of Financial Condition and Results of Operations 6 ITEM 7A

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 8 ITEM 8

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 9 ITEM 9 Changes In and Disagreements with Accountants on Accounting and Financial Disclosure 24

Controls and Procedures

Controls and Procedures 24 PART III ITEM 10 Directors, Executive Officers, Promoters and Control Persons of the Company 25 ITEM 11

Executive Compensation

Executive Compensation 26 ITEM 12

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 26 ITEM 13 Certain Relationships and Related Transactions 26 ITEM 14 Principal Accountant Fees and Services 26 PART IV ITEM 15 Exhibits 27 2 Table of Contents PART I

Description of Business

Item 1. Description of Business

FORWARD-LOOKING STATEMENTS

FORWARD-LOOKING STATEMENTS This annual report contains forward-looking statements. These statements relate to future events or our future financial performance. These statements often can be identified by the use of terms such as "may," "will," "expect," "believe," "anticipate," "estimate," "approximate" or "continue," or the negative thereof. We intend that such forward-looking statements be subject to the safe harbors for such statements. We wish to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Any forward-looking statements represent management's best judgment as to what may occur in the future. However, forward-looking statements are subject to risks, uncertainties and important factors beyond our control that could cause actual results and events to differ materially from historical results of operations and events and those presently anticipated or projected. We disclaim any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statement or to reflect the occurrence of anticipated or unanticipated events. GENERAL We were incorporated in the State of Nevada on April 16, 2018. We were engaged in the business of selling beauty sample subscriptions. In December 2020, we acquired several gold mining claims in Canada as we have switched our focus to the mining industry. We planned to begin exploration on the properties. Due to Covid and economic downturn, we were unable to proceed with the mining property exploration. Upon the expiration of the two years term of the property mining rights, we decided not to extend beyond the original term of the mining rights and was fully impaired through year ended April 30, 2023. On October 18, 2022, majority of the Company's shareholders approved a reverse stock split of our issued and outstanding shares of common stock on a basis of up to twenty (20) old shares for one (1) new s

Risk Factors

Item 1A. Risk Factors Not applicable to smaller reporting companies.

Description of Property

Item 2. Description of Property We do not own any real estate or other properties.

Legal Proceedings

Item 3. Legal Proceedings We know of no legal proceedings to which we are a party or to which any of our property is the subject which are pending, threatened or contemplated or any unsatisfied judgments against us.

Submission of Matters to a Vote of Security Holders

Item 4. Submission of Matters to a Vote of Security Holders None. 4 Table of Contents PART II

Market for Common Equity and Related Stockholder Matters

Item 5. Market for Common Equity and Related Stockholder Matters Market Information There is a limited public market for our common shares. Our common shares are not quoted on the OTC Bulletin Board at this time. Trading in stocks quoted on the OTC Bulletin Board is often thin and is characterized by wide fluctuations in trading prices due to many factors that may be unrelated to a company's operations or business prospects. We cannot assure you that there will be a market in the future for our common stock. OTC Bulletin Board securities are not listed or traded on the floor of an organized national or regional stock exchange. Instead, OTC Bulletin Board securities transactions are conducted through a telephone and computer network connecting dealers in stocks. OTC Bulletin Board issuers are traditionally smaller companies that do not meet the financial and other listing requirements of a regional or national stock exchange. As of April 30, 2024, no shares of our common stock have traded. Number of Holders As of July 11, 2024, the 5,709,891 issued and outstanding shares of common stock were held by a total of 11 shareholders of record. Dividends No cash dividends were paid on our shares of common stock during the fiscal years ended April 30, 2024 and 2023. We have not paid any cash dividends since our inception and do not foresee declaring any cash dividends on our common stock in the foreseeable future. Recent Sales of Unregistered Securities None. Purchase of our Equity Securities by Officers and Directors None. Other Stockholder Matters None. 5 Table of Contents

Selected Financial Data

Item 6. Selected Financial Data Not applicable.

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

Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations The following discussion should be read in conjunction with our financial statements, including the notes thereto, appearing elsewhere in this annual report. The following discussion contains forward-looking statements that reflect our plans, estimates and beliefs. Our actual results could differ materially from those discussed in the forward-looking statements. Our audited financial statements are stated in United States Dollars and are prepared in accordance with United States Generally Accepted Accounting Principles. Results of Operations We have incurred recurring losses to date. Our financial statements have been prepared assuming that we will continue as a going concern and, accordingly, do not include adjustments relating to the recoverability and realization of assets and classification of liabilities that might be necessary should we be unable to continue in operation. We expect we will require additional capital to meet our long-term operating requirements. We expect to raise additional capital through, among other things, the sale of equity or debt securities. The following summary of our operations should be read in conjunction with our audited financial statements for the years ended April 30, 2024 and 2023, which are included herein: Year Ended April 30, Changes 2024 2023 Amount % Operating Expenses $ (2,040,568 ) $ (54,455 ) $ (1,986,113 ) 3647% Other Expenses (6,790 ) 13,711 (20,501 ) (150%) Net Loss $ (2,047,358 ) $ (40,744 ) $ (2,006,614 ) 4925% During the year ended April 30, 2024 and 2023, the Company did not earn any revenue. Net loss for the year ended April 30, 2024 was $2,047,358 compared to $40,744 for the year ended April 30, 2023. The increase in net loss during the year ended April 30, 2024 was due to the increase in operating expenses. During the year ended April 30, 2024, the Company issued 5,000,

Quantitative and Qualitative Disclosures about Market Risk

Item 7A. Quantitative and Qualitative Disclosures about Market Risk Not applicable to smaller reporting companies. 8 Table of Contents

Financial Statements and Supplementary Data

Item 8. Financial Statements and Supplementary Data INDEX TO FINANCIAL STATEMENTS NATURAL RESOURCE HOLDINGS, INC. TABLE OF CONTENTS Report of the Independent Registered Accounting Firm (PCAOB ID:6723) 10 Balance Sheets as of April 30, 2024 and 2023 11 12 13 14 Notes to the Financial Statements 15 9 Table of Contents Report of Independent Registered Public Accounting Firm To the shareholders and the board of directors of Natural Resource Holdings, Inc. Opinion on the Financial Statements We have audited the accompanying balance sheets Natural Resource Holdings, Inc. (the Company') as of April 30, 2024 and the related Statement of operations, statement of stockholders' deficit and statement of cash flows for the year ended April 30, 2024, and the related notes (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of April 30, 2024, and the results of its operations and its cash flows for the year ended April 30, 2024, in conformity with accounting principles generally accepted in the United States of America. Going Concern The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 3 to the financial statements, the Company has suffered losses from operations and has a net capital deficiency. These conditions raise substantial doubt about the Company's ability to continue as a going concern. Management's plans in regard to these matters are also described in Note 3. The financial statements do not include any adjustments that might result from the outcome of this uncertainty. Basis for Opinion These financ

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