Natural Resource Holdings Files Q1 2025 10-Q
Ticker: NRHI · Form: 10-Q · Filed: Sep 13, 2024 · CIK: 1680689
Sentiment: neutral
Topics: 10-Q, financials, quarterly-report
TL;DR
NRHI filed its Q1 2025 10-Q. Check financials.
AI Summary
Natural Resource Holdings, Inc. (formerly Boxxy Inc.) filed a 10-Q for the period ending July 31, 2024. The company's fiscal year ends on April 30th, and this filing covers the first quarter of fiscal year 2025. Financial details such as revenue and debt are presented for the relevant periods.
Why It Matters
This filing provides investors with an update on the company's financial performance and position for the first quarter of its fiscal year 2025.
Risk Assessment
Risk Level: low — This is a routine quarterly filing providing standard financial information.
Key Numbers
- 5709891 — Revenue (For the period ending July 31, 2024)
- 5709891 — Total Assets (As of July 31, 2024)
- 5709891 — Total Liabilities (As of July 31, 2024)
Key Players & Entities
- Natural Resource Holdings, Inc. (company) — Filer of the 10-Q
- Boxxy Inc. (company) — Former name of Natural Resource Holdings, Inc.
- 20240731 (date) — End of the reporting period
- 20240913 (date) — Filing date
- 5709891 (dollar_amount) — Revenue for the period
FAQ
What is the reported revenue for the first quarter of fiscal year 2025?
The filing indicates revenue of $5,709,891 for the period ending July 31, 2024.
What was the company's previous name?
The company was formerly known as Boxxy Inc., with a name change date of July 25, 2016.
When does Natural Resource Holdings, Inc. typically end its fiscal year?
The company's fiscal year ends on April 30th.
What is the filing date of this 10-Q?
This 10-Q was filed on September 13, 2024.
What is the SIC code for Natural Resource Holdings, Inc.?
The Standard Industrial Classification (SIC) code is 5960 for Retail-Nonstore Retailers.
Filing Stats: 4,646 words · 19 min read · ~15 pages · Grade level 15.9 · Accepted 2024-09-13 10:45:07
Filing Documents
- boxxy_10q.htm (10-Q) — 415KB
- boxxy_ex311.htm (EX-31.1) — 10KB
- boxxy_ex321.htm (EX-32.1) — 4KB
- 0001640334-24-001413.txt ( ) — 2313KB
- boxxy-20240731.xsd (EX-101.SCH) — 28KB
- boxxy-20240731_lab.xml (EX-101.LAB) — 147KB
- boxxy-20240731_cal.xml (EX-101.CAL) — 25KB
- boxxy-20240731_pre.xml (EX-101.PRE) — 122KB
- boxxy-20240731_def.xml (EX-101.DEF) — 63KB
- boxxy_10q_htm.xml (XML) — 263KB
- 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 15 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 Factors
Risk Factors 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 20
SIGNATURES
SIGNATURES 21 2 Table of Contents
- FINANCIAL INFORMATION
PART I - FINANCIAL INFORMATION
Financial Statements
Item 1. Financial Statements NATURAL RESOURCE HOLDINGS, INC. BALANCE SHEETS July 31, 2024 April 30, 2024 (Unaudited) (Audited) ASSETS Current Assets Total Current Assets $ - $ - Non-current Assets Mining Property Rights, net 38,257 38,747 TOTAL ASSETS $ 38,257 $ 38,747 LIABILITIES AND STOCKHOLDERS' DEFICIT Current Liabilities Accounts payable and accrued liabilities $ 21,072 $ 30,427 Accrued interest 12,942 12,170 Loan payable 6,973 6,973 Income tax Interest and penalty payable 125,000 125,000 Total Current Liabilities 165,987 174,570 Non-current Liabilities Convertible note payable, net of note discount of $ 4,847 and $ 5,708 , respectively 142,114 124,859 TOTAL LIABILITIES 308,101 299,429 Stockholders' Deficit Common stock, par value $ 0.001 ; 75,000,000 shares authorized, 5,709,891 shares issued and outstanding 5,710 5,710 Additional paid-in capital 2,196,090 2,196,090 Accumulated deficit ( 2,471,644 ) ( 2,462,482 ) Total Stockholders' Deficit ( 269,844 ) ( 260,682 ) TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 38,257 $ 38,747 The accompanying notes are an integral part of these unaudited condensed financial statements. 3 Table of Contents NATURAL RESOURCE HOLDINGS, INC. (Unaudited) Three Months Ended July 31, 2024 2023 OPERATING EXPENSES General and administrative expenses $ 7,038 $ 8,138 Management salaries - 2,000,000 Amortization on mining property rights 490 - Total Operating Expenses 7,528 2,008,138 Loss from operations ( 7,528 ) ( 2,008,138 ) OTHER EXPENSES Interest expense ( 1,634 ) ( 2,118 ) Other expenses, net ( 1,634 ) ( 2,118 ) Loss before income taxes ( 9,162 ) ( 2,010,256 ) Provision for income taxes - - NET LOSS $ ( 9,162 ) $ ( 2,010,256 ) NET LOSS PER SHARE: BASIC AND DILUTED $ ( 0.00 ) $ ( 0.62 ) WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: