Jingbo Technology Files Q1 2025 10-Q

TL;DR

Jingbo Tech's Q1 2025 10-Q is in. Check financials.

AI Summary

Jingbo Technology, Inc. filed its 10-Q for the period ending May 31, 2024. The filing details financial information for the first quarter of fiscal year 2025, which began on March 1, 2024. The company, formerly known as SavMobi Technology Inc., is incorporated in Nevada and operates in the prepackaged software industry.

Why It Matters

This filing provides investors with an update on Jingbo Technology's financial performance and position for the first quarter of its 2025 fiscal year.

Risk Assessment

Risk Level: low — This is a routine quarterly filing with no immediately apparent significant negative events or disclosures.

Key Numbers

• Q1 --02-28 2025 — Fiscal Quarter End (Indicates the period covered by the filing.)
• 2024-05-31 — Period End Date (Specific date for the end of the reporting period.)
• 2024-07-19 — Date as of Change (Date of any changes to the filing.)

Key Players & Entities

• Jingbo Technology, Inc. (company) — Filer
• SavMobi Technology Inc. (company) — Former company name
• 20240531 (date) — End of reporting period
• 20240722 (date) — Filing date

FAQ

Key Financial Figures

• $0.001 — nge On Which Registered Common Stock, $0.001 par value per share N/A Indicate by

Filing Documents

• form10-q.htm (10-Q) — 1047KB
• ex31-1.htm (EX-31.1) — 17KB
• ex31-2.htm (EX-31.2) — 17KB
• ex32-1.htm (EX-32.1) — 6KB
• ex32-2.htm (EX-32.2) — 6KB
• chart_01.jpg (GRAPHIC) — 98KB
• 0001493152-24-028593.txt ( ) — 6784KB
• svmb-20240531.xsd (EX-101.SCH) — 57KB
• svmb-20240531_cal.xml (EX-101.CAL) — 84KB
• svmb-20240531_def.xml (EX-101.DEF) — 184KB
• svmb-20240531_lab.xml (EX-101.LAB) — 366KB
• svmb-20240531_pre.xml (EX-101.PRE) — 303KB
• form10-q_htm.xml (XML) — 1188KB

- FINANCIAL INFORMATION

PART I. - FINANCIAL INFORMATION Item 1.

Financial Statements

Financial Statements Condensed Consolidated Balance Sheets as of May 31, 2024 (Unaudited) and February 29, 2024 (Audited) 3 Condensed Consolidated Statements of Operations for the Three Months Ended May 31, 2024 and 2023 4 Condensed Consolidated Statements of Stockholders' Equity/(Deficit) 5 Condensed Consolidated Statements of Cash Flows for the Three Months Ended May 31, 2024 and 2023 6

Notes to Financial Statements (Unaudited)

Notes to Financial Statements (Unaudited) 7 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 23 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 29 Item 4.

Controls and Procedures

Controls and Procedures 29

- OTHER INFORMATION

PART II - OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 30 Item 1A

Risk Factors

Risk Factors 30 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 30 Item 3. Defaults Upon Senior Securities 30 Item 4. Mine Safety Disclosures 30 Item 5. Other Information 30 Item 6. Exhibits 30

SIGNATURES

SIGNATURES 31 2 PART I. - FINANCIAL INFORMATION Item 1. Financial Statements. Jingbo Technology, Inc. Condensed Consolidated Balance Sheets May 31, 2024 (Unaudited) February 29, 2024 (Audited) $ $ Assets Current assets Cash and cash equivalents 609,346 142,434 Restricted cash 5,250 6,071 Accounts receivable 502,832 500,564 Inventories 155,897 203,752 Amount due from related parties 18,462 110,173 Prepaid expenses and other current assets 2,835,398 3,292,994 Total current assets 4,127,185 4,255,988 Non-current assets Plant and equipment, net 6,033,974 6,000,826 Intangible assets, net 13,291 13,867 Right-of-use assets 66,425 85,541 Other non-current assets 2,388,026 2,510,438 Total non-current assets 8,501,716 8,610,672 Total Assets 12,628,901 12,866,660 Liabilities and Stockholders' (Deficit) Equity Current liabilities Short-term Loan 1,381,025 1,389,333 Accounts payables 908,986 643,192 Advances from customers 533,189 38,168 Other current payables 3,545,002 2,464,304 Taxes payable 37,621 60,639 Amounts due to related parties 23,992,696 23,959,944 Operating lease liabilities, current 59,867 80,165 Total current liabilities 30,458,386 28,635,745 Non-current liabilities Operating lease liabilities 15,404 15,496 Long term payable 1,933,435 2,917,599 Total non-current liabilities 1,948,839 2,933,095 Total Liabilities 32,407,225 31,568,840 Stockholders' (Deficit) Equity Common stock ($ 0.001 par value, 10,000,000,000 shares authorized, 5,315,412 shares issued and outstanding as of May 31, 2024 and February 29, 2024, respectively) 5,315 5,315 Additional paid-in capital 9,530,921 9,530,921 Accumulated deficit ( 30,478,905 ) ( 29,311,229 ) Accumulated other comprehensive income 2,239,099 2,109,066 Non-controlling interest ( 1,074,754 ) ( 1,036,253 ) Total (Deficit) Equity ( 19,778,324 ) ( 18,702,180 ) Total Liabili

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View this 10-Q filing on SEC EDGAR