Natural Resource Holdings, Inc. Files 10-Q for Period Ending January 31, 2024

TL;DR

<b>Natural Resource Holdings, Inc. (NRHI) filed its Q3 2024 10-Q report on March 13, 2024.</b>

AI Summary

Natural Resource Holdings, Inc. (NRHI) filed a Quarterly Report (10-Q) with the SEC on March 13, 2024. The company filed a 10-Q report for the period ending January 31, 2024. The filing covers the third quarter of fiscal year 2024. The company's fiscal year ends on April 30th. The filing was made on March 13, 2024. The company was formerly known as Boxxy Inc. and changed its name on July 25, 2016.

Why It Matters

For investors and stakeholders tracking Natural Resource Holdings, Inc., this filing contains several important signals. This 10-Q filing provides an update on the company's financial performance and operational status for the third quarter of its fiscal year 2024. Investors and analysts can use this report to assess the company's financial health, identify trends, and make informed investment decisions regarding NRHI.

Risk Assessment

Risk Level: low — Natural Resource Holdings, Inc. shows low risk based on this filing. The filing is a standard quarterly report (10-Q) and does not contain immediate red flags or significant negative developments, indicating a low level of immediate risk from this specific filing.

Analyst Insight

Monitor future filings for revenue growth, profitability trends, and any changes in debt levels to assess the company's ongoing financial performance.

Key Numbers

• 2024-01-31 — Reporting Period End Date (10-Q filing)
• 2024-03-13 — Filing Date (10-Q filing)
• 0430 — Fiscal Year End (Company data)
• 5960 — SIC Code (Standard Industrial Classification)

Key Players & Entities

• Natural Resource Holdings, Inc. (company) — Filer name
• Boxxy Inc. (company) — Former company name
• 7500 Rialto Boulevard (location) — Business and mailing address
• Austin (location) — Business and mailing city
• TX (location) — Business and mailing state
• 78735 (location) — Business and mailing zip code
• 4159685642 (phone) — Business phone number
• 20160725 (date) — Date of name change

FAQ

Industry Context

Natural Resource Holdings, Inc. operates in the non-store retailers sector (SIC 5960). This sector includes businesses that sell goods to consumers through mail order, catalogs, or the internet.

Regulatory Implications

The company is subject to standard SEC reporting requirements for public companies, including the filing of quarterly (10-Q) and annual (10-K) reports.

What Investors Should Do

1. Review the full 10-Q filing for detailed financial statements and management discussion.
2. Analyze trends in revenue, expenses, and cash flow from previous quarters and years.
3. Compare NRHI's performance against industry benchmarks and competitors.

Key Dates

• 2024-01-31: End of Fiscal Q3 2024 — Reporting period for the 10-Q filing.
• 2024-03-13: 10-Q Filing Date — Date the report was submitted to the SEC.
• 2016-07-25: Name Change Date — Date Natural Resource Holdings, Inc. changed from Boxxy Inc.

Year-Over-Year Comparison

This is the first 10-Q filing for the period ending January 31, 2024, following previous filings for earlier periods.

Filing Documents

• boxxy_10q.htm (10-Q) — 486KB
• boxxy_311.htm (EX-31.1) — 11KB
• boxxy_321.htm (EX-32.1) — 5KB
• 0001640334-24-000391.txt (&nbsp;) — 2327KB
• boxxy-20240131.xsd (EX-101.SCH) — 27KB
• boxxy-20240131_lab.xml (EX-101.LAB) — 144KB
• boxxy-20240131_cal.xml (EX-101.CAL) — 25KB
• boxxy-20240131_pre.xml (EX-101.PRE) — 120KB
• boxxy-20240131_def.xml (EX-101.DEF) — 60KB
• boxxy_10q_htm.xml (XML) — 260KB

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION Item 1. Unaudited Condensed Financial Statements 3 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 14 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 18 Item 4.

Controls and Procedures

Controls and Procedures 18

- OTHER INFORMATION

PART II - OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 19 Item 1A. Risk Factor 19 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 19 Item 3. Defaults Upon Senior Securities 19 Item 4. Mine Safety Disclosures 19 Item 5. Other Information 19 Item 6. Exhibits 19

SIGNATURES

SIGNATURES 20 2 Table of Contents

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements NATURAL RESOURCE HOLDINGS, INC. CONDENSED BALANCE SHEETS January 31, 2024 April 30, 2023 (Unaudited) (Audited) ASSETS Current Assets Total Current Assets $ - $ - Non-current Asset Mining Property Rights 39,237 - TOTAL ASSETS $ 39,237 $ - LIABILITIES AND STOCKHOLDERS' DEFICIT Current Liabilities Accounts payable and accrued liabilities $ 16,733 $ 31,393 Accrued interest 11,431 8,805 Income tax Interest and penalty payable 125,000 125,000 Total Current Liabilities 153,164 165,198 Non-current Liabilities Convertible note payable, net of note discount of $ 6,550 and $ 9,133 , respectively 120,117 216,153 Loan payable 6,973 6,973 Total Liabilities 280,254 388,324 Stockholders' Deficit Common stock, par value $ 0.001 ; 75,000,000 shares authorized, 5,709,891 and 209,891 shares issued and outstanding 5,710 210 Additional paid-in capital 2,196,090 26,590 Accumulated deficit ( 2,442,817 ) ( 415,124 ) Total Stockholders' Deficit ( 241,017 ) ( 388,324 ) TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 39,237 $ - The accompanying notes are an integral part of these unaudited condensed financial statements. 3 Table of Contents NATURAL RESOURCE HOLDINGS, INC. CONDENSED STATEMENTS OF OPERATIONS Three Months Ended Nine Months Ended January 31, January 31, 2024 2023 2024 2023 OPERATING EXPENSES General and administrative expenses $ 6,594 $ 8,793 $ 22,484 $ 26,561 Management salaries - - 2,000,000 - Mining exploration - 2,833 - 2,833 Total Operating Expenses 6,594 11,626 2,022,484 29,394 Loss from operations ( 6,594 ) ( 11,626 ) ( 2,022,484 ) ( 29,394 ) OTHER EXPENSES Interest expense ( 1,366 ) ( 1,974 ) ( 5,209 ) ( 5,762 ) Other expenses, net ( 1,366 ) ( 1,974 ) ( 5,209 ) ( 5,762 ) Loss before income taxes ( 7,960 ) ( 13,600 ) ( 2,027,693 ) ( 35,156 ) Pr

View Full Filing

View this 10-Q filing on SEC EDGAR