Oyocar Group Inc. Q1 2025 10-Q Filing

TL;DR

Oyocar Group Inc. Q1 2025 10-Q filed. $75M authorized shares, $15.3M paid-in capital.

AI Summary

Oyocar Group Inc. filed its 10-Q for the period ending November 30, 2024. The company reported $75,000,000 in authorized shares and $15,337,250 in paid-in capital. The filing covers the first quarter of fiscal year 2025.

Why It Matters

This filing provides a snapshot of Oyocar Group Inc.'s financial position and capital structure at the end of the first quarter of fiscal year 2025.

Risk Assessment

Risk Level: low — This is a routine quarterly filing with no immediate red flags or significant negative news.

Key Numbers

• $75,000,000 — Authorized Shares (Represents the maximum number of shares the company is permitted to issue.)
• $15,337,250 — Paid-in Capital (Represents capital contributed by shareholders in exchange for stock.)
• 2024-11-30 — End of Fiscal Quarter (The period covered by this 10-Q filing.)

Key Players & Entities

• Oyocar Group Inc. (company) — Filer of the 10-Q
• 2024-11-30 (date) — End of reporting period
• 2025-01-03 (date) — Filing date
• $75,000,000 (dollar_amount) — Authorized shares
• $15,337,250 (dollar_amount) — Paid-in capital

FAQ

Key Financial Figures

• $0.001 — as of December 31, 2024 Common Stock, $0.001 15,337,250 OYOCAR GROUP INC. Part
• $81,032 — ovember 30, 2024, our total assets were $81,032 compared to $90,850 in total assets at
• $90,850 — r total assets were $81,032 compared to $90,850 in total assets at August 31, 2024. As
• $57,563 — er 30, 2024, our total liabilities were $57,563 compared to $36,408 in total liabilitie
• $36,408 — al liabilities were $57,563 compared to $36,408 in total liabilities at August 31, 2024
• $23,469 — ust 31, 2024. Stockholders' equity was $23,469 as of November 30, 2024 compared to $54
• $54,442 — 469 as of November 30, 2024 compared to $54,442 as of August 31, 2024. Three Month Per
• $30,973 — we incurred total operating expenses of $30,973, compared to $8,066 during the three-mo
• $8,066 — rating expenses of $30,973, compared to $8,066 during the three-month period ended Nov
• $39,396 — flows used in operating activities were $39,396 comprised of net loss of $30,973 and de
• $197 — of $30,973 and depreciation expense of $197, increase in prepaid sales of $10,320,
• $10,320 — e of $197, increase in prepaid sales of $10,320, decrease in accounts receivables of $2
• $2,259 — 20, decrease in accounts receivables of $2,259 increase in inventory of $58,816 and in
• $58,816 — bles of $2,259 increase in inventory of $58,816 and increase in prepaid expenses of $26
• $26,782 — 816 and increase in prepaid expenses of $26,782, increase in accounts payable $10,925.

Filing Documents

• oyo_10q.htm (10-Q) — 243KB
• oyo_ex311.htm (EX-31.1) — 12KB
• oyo_ex321.htm (EX-32.1) — 4KB
• 0001477932-25-000029.txt ( ) — 1348KB
• og-20241130.xsd (EX-101.SCH) — 16KB
• og-20241130_lab.xml (EX-101.LAB) — 106KB
• og-20241130_cal.xml (EX-101.CAL) — 23KB
• og-20241130_pre.xml (EX-101.PRE) — 76KB
• og-20241130_def.xml (EX-101.DEF) — 20KB
• oyo_10q_htm.xml (XML) — 93KB

Financial statements (unaudited)

Financial statements (unaudited) 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 10 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 Part II Other Information Item 1

Legal proceedings

Legal proceedings 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

Signatures

Signatures 15 2 Table of Contents

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION OYOCAR GROUP INC. BALANCE SHEETS NOVEMBER 30, 2024 Unaudited AUGUST 31, 2024 Audited ASSETS Current Assets Cash and cash equivalents $ 3,224 $ 42,620 Prepaid expenses - 26,782 Accounts receivable - 2,259 Total current assets 3,224 71,661 Non-Current Assets Computer and Software $ 3,141 $ 3,338 Inventory 74,667 15,851 Total non-current assets 77,808 19,189 TOTAL ASSETS $ 81,032 $ 90,850 LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) Current Liabilities Advances from related party $ 15,803 $ 15,803 Accounts payable 10,925 - Prepaid sales deposit 30,835 20,605 Total current liabilities 57,563 36,408 Total Liabilities 57,563 36,408 Commitments and contingencies Stockholders' Equity (Deficit) Common stock, $ 0.001 par value, 75,000,000 shares authorized; 15,337,250 shares issued and outstanding 15,337 15,337 Common stock subscribed, 7,985,000 shares - - Additional paid-in-capital 63,693 63,693 Accumulated deficit ( 55,561 ) ( 24,588 ) Total Stockholders' Equity (Deficit) 23,469 54,442 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY/ (DEFICIT) $ 81,032 $ 90,850 The accompanying notes are an integral part of these unaudited financial statements. 3 Table of Contents OYOCAR GROUP INC. Unaudited THREE MONTHS ENDED NOVEMBER 30, 2024 THREE MONTHS ENDED NOVEMBER 30, 2023 OPERATING EXPENSES General and administrative expenses $ 30,973 $ 8,066 Total operating expenses ( 30,973 ) ( 8,066 ) Loss before provision for income taxes ( 30,973 ) ( 8,066 ) Provision for income taxes - - Net loss $ ( 30,973 ) $ ( 8,066 ) Loss per common share: Basic and Diluted $ ( 0.00 ) $ ( 0.00 ) Weighted Average Number of Common Shares Outstanding: Basic and Diluted 15,337,250 11,985,000 The accompanying notes are an integral part of these unaudited financial statements. 4 Table of Contents OY

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION

FORWARD LOOKING STATEMENTS

FORWARD LOOKING STATEMENTS 10 Table of Contents DESCRIPTION OF BUSINESS We were incorporated in the State of Nevada on July 10, 2023.We are in the business of selling used cars sourced from the United States to customers in both the USA and the Dominican Republic. Our services encompass inspecting the cars, making necessary repairs, handling shipping logistics, and managing customs clearance when required. RESULTS OF OPERATIONS 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 cont

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK. As a "smaller reporting company" as defined by Item 10 of Regulation S-K, the Company is not required to provide information required by this Item.

CONTROLS AND PROCEDURES

ITEM 4. CONTROLS AND PROCEDURES Disclosure Controls and Procedures Our disclosure controls and procedures are designed to ensure that information required to be disclosed in reports that we file or submit under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the time periods specified in the rules and forms of the Securities and Exchange Commission. Our principal executive officer and principal financial and accounting officer have reviewed the effectiveness of our "disclosure controls and procedures" (as defined in the Securities Exchange Act of 1934 Rules 13(a)-15(e) and 15(d)-15(e)) within the end of the period covered by this Quarterly Report on Form 10-Q and have concluded that the disclosure controls and procedures were not effective to ensure that material information relating to the Company is recorded, processed, summarized, and reported in a timely manner. Changes in Internal Controls over Financial Reporting There have been no changes in the Company's internal control over financial reporting during the three-month period covered by this report that have materially affected, or are reasonably likely to materially affect, the Company's internal control over financial reporting. 12 Table of Contents

OTHER INFORMATION

PART II. OTHER INFORMATION

LEGAL PROCEEDINGS

ITEM 1. LEGAL PROCEEDINGS Management is not aware of any legal proceedings contemplated by any governmental authority or any other party involving us or our properties. As of the date of this Quarterly Report, no director, officer or affiliate is (i) a party adverse to us in any legal proceeding, or (ii) has an adverse interest to us in any legal proceedings. Management is not aware of any other legal proceedings pending or that have been threatened against us or our properties.

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 No senior securities were issued and outstanding during the three-month period ended November 30, 2024.

MINE SAFETY DISCLOSURES

ITEM 4. MINE SAFETY DISCLOSURES Not applicable to our Company.

OTHER INFORMATION

ITEM 5. OTHER INFORMATION None. 13 Table of Contents

EXHIBITS

ITEM 6. EXHIBITS 31.1 Certification of Chief Executive Officer and Chief Financial Officer pursuant to Securities Exchange Act of 1934 Rule 13a-14(a) or 15d-14(a) 32.1 Certifications pursuant to Securities Exchange Act of 1934 Rule 13a-14(b) or 15d-14(b) and 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes- Oxley Act of 2002 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 In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. OYOCAR GROUP INC. Dated: January 3, 2025 By: /s/ Jonathan Rafael Perez Peralta Jonathan Rafael Perez Peralta, President and Chief Executive Officer and Chief Financial Officer 15

View Full Filing

View this 10-Q filing on SEC EDGAR