Phoenix Plus Corp. Files Q3 10-Q
Ticker: RHNO · Form: 10-Q · Filed: Jun 20, 2024 · CIK: 1785493
| Field | Detail |
|---|---|
| Company | Phoenix Plus Corp. (RHNO) |
| Form Type | 10-Q |
| Filed Date | Jun 20, 2024 |
| Risk Level | low |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $1, $ |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, financials, quarterly-report
TL;DR
Phoenix Plus Corp. 10-Q filed. Financials for Q3 ending 04/30/24 out.
AI Summary
Phoenix Plus Corp. filed its 10-Q for the period ending April 30, 2024. The company, incorporated in Nevada and operating in construction special trade contracting, reported financial information for its third quarter. The filing details financial data for the three months ended April 30, 2024, and the nine months ended April 30, 2024, comparing it to prior periods.
Why It Matters
This filing provides investors with an update on Phoenix Plus Corp.'s financial performance and position as of April 30, 2024, crucial for assessing the company's health and future prospects.
Risk Assessment
Risk Level: low — This is a routine quarterly filing providing financial updates, not indicating immediate significant risks.
Key Numbers
- Q3 --07-31 — Fiscal Quarter End (Indicates the end of the fiscal quarter for reporting purposes.)
- 2024-04-30 — Reporting Period End Date (The date through which financial information is reported.)
- 2023-07-31 — Prior Fiscal Year End (Provides a comparison point to the previous fiscal year end.)
Key Players & Entities
- Phoenix Plus Corp. (company) — Filer of the 10-Q
- 0001493152-24-024393 (other) — Accession Number for the filing
- 20240430 (date) — End of the reporting period
- 20240620 (date) — Date the filing was made
- NV (other) — State of Incorporation
- KUALA LUMPUR (other) — Business and Mail Address City
FAQ
What is the primary business of Phoenix Plus Corp.?
Phoenix Plus Corp. is in the CONSTRUCTION SPECIAL TRADE CONTRACTORS industry, SIC code [1700].
In which state is Phoenix Plus Corp. incorporated?
Phoenix Plus Corp. is incorporated in NV (Nevada).
What is the accession number for this 10-Q filing?
The accession number for this filing is 0001493152-24-024393.
What period does this 10-Q filing cover?
This 10-Q filing covers the period ending April 30, 2024.
Where is Phoenix Plus Corp. located?
Phoenix Plus Corp.'s business and mail address is in KUALA LUMPUR.
Filing Stats: 4,607 words · 18 min read · ~15 pages · Grade level 17.2 · Accepted 2024-06-20 06:09:16
Key Financial Figures
- $1 — 019 100 shares of ordinary share of US$1 each Investment holding 2. Phoenix
- $ — cy is not the US$ are translated into US$, in accordance with ASC Topic 830-30, "
Filing Documents
- form10-q.htm (10-Q) — 856KB
- ex31-1.htm (EX-31.1) — 16KB
- ex32-1.htm (EX-32.1) — 5KB
- 0001493152-24-024393.txt ( ) — 5174KB
- pxpc-20240430.xsd (EX-101.SCH) — 51KB
- pxpc-20240430_cal.xml (EX-101.CAL) — 69KB
- pxpc-20240430_def.xml (EX-101.DEF) — 126KB
- pxpc-20240430_lab.xml (EX-101.LAB) — 307KB
- pxpc-20240430_pre.xml (EX-101.PRE) — 239KB
- form10-q_htm.xml (XML) — 929KB
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 3-6 ITEM 3.
QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 6 ITEM 4.
CONTROLS AND PROCEDURES
CONTROLS AND PROCEDURES 6 PART II OTHER INFORMATION ITEM 1
LEGAL PROCEEDINGS
LEGAL PROCEEDINGS 7 ITEM 2 UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS 7 ITEM 3 DEFAULTS UPON SENIOR SECURITIES 8 ITEM 4 MINE SAFETY DISCLOSURES 8 ITEM 5 OTHER INFORMATION 8 ITEM 6 EXHIBITS 8
SIGNATURES
SIGNATURES 9 2 PART I FINANCIAL INFORMATION ITEM 1. UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS: PHOENIX PLUS CORP. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS Page Condensed Consolidated Financial Statements Condensed Consolidated Balance Sheets as of April 30, 2024 (unaudited) and July 31, 2023 (audited) F-2 Condensed Consolidated Statements of Operations and Comprehensive Losses for the Three and Nine Months Ended April 30, 2024 and 2023 (unaudited) F-3 Condensed Consolidated Statements of Changes in Equity for the Nine Months Ended April 30, 2024 and 2023 (unaudited) F-4 Condensed Consolidated Statements of Cash Flows for the Nine Months Ended April 30, 2024 and 2023 (unaudited) F-5 Notes to the Condensed Consolidated Financial Statements F-6 - F-18 F-1 PHOENIX PLUS CORP. CONDENSED CONSOLIDATED BALANCE SHEETS AS OF APRIL 30, 2024 AND JULY 31, 2023 (Currency expressed in United States Dollars ("US
quot;), except for number of shares) As of As of April 30, 2024 (Unaudited) July 31, 2023 (Audited) ASSETS Current assets Cash in hand and at bank 561,363 1,108,039 Trade receivables $ 71,984 $ 12,088 Retention sum receivables 106,026 - Prepayment and deposits 15,416 14,993 Contract assets 124,343 18,723 Deferred cost 29,832 324 Total current assets 908,964 1,154,167 Non-current assets Plant and equipment, net 9,926 9,715 Lease right-of-use asset 63,662 86,817 Equity method investment - - Total non-current assets 73,588 96,532 TOTAL ASSETS 982,552 1,250,699 LIABILITIES AND STOCKHOLDERS' EQUITY Non-current liability Lease liabilities, non-current $ 37,706 $ 57,606 Total non-current liabilities 37,706 57,606 Current liabilities Trade payables $ 116,847 $ 4,202 Retention sum payables 65,284 - Other payables and accrued liabilities and deposit received 20,207 36,747 Lease liabilities, current 27,275 29,211 Total current liabilities 2