Connexa Sports Technologies Inc. Files 10-K/A Amendment

TL;DR

<b>Connexa Sports Technologies Inc. filed an amended 10-K for the fiscal year ending April 30, 2023, detailing historical financial data.</b>

AI Summary

Connexa Sports Technologies Inc. (YYAI) filed a Amended Annual Report (10-K/A) with the SEC on March 25, 2024. Connexa Sports Technologies Inc. filed a 10-K/A amendment on March 25, 2024. The filing pertains to the fiscal year ending April 30, 2023. The company was formerly known as Slinger Bag Inc. The filing includes financial data for periods ending April 30, 2021, 2022, and 2023. Key financial statement components like Common Stock, Additional Paid-In Capital, Accumulated Other Comprehensive Income, and Retained Earnings are detailed for these periods.

Why It Matters

For investors and stakeholders tracking Connexa Sports Technologies Inc., this filing contains several important signals. This amended filing provides updated financial information for the fiscal year 2023, which is crucial for investors to assess the company's current financial health and performance. The inclusion of historical data from 2021 and 2022 allows for year-over-year comparisons, enabling stakeholders to identify trends and evaluate the company's growth trajectory.

Risk Assessment

Risk Level: low — Connexa Sports Technologies Inc. shows low risk based on this filing. The filing is an amendment to a 10-K, indicating potential corrections or updates to previously reported information, but the content itself does not reveal immediate high-risk factors.

Analyst Insight

Review the specific changes and additions in this 10-K/A filing to understand any material updates to Connexa Sports Technologies Inc.'s financial position or business operations.

Key Numbers

• 2023-04-30 — Fiscal Year End (Reporting period)
• 2024-03-25 — Filing Date (Date of submission)
• 10-K/A — Form Type (Type of filing)

Key Players & Entities

• Connexa Sports Technologies Inc. (company) — Filer name
• Slinger Bag Inc. (company) — Former company name
• 2024-03-25 (date) — Filing date
• 2023-04-30 (date) — Fiscal year end
• 2022-04-12 (date) — Date of name change
• 2019-12-10 (date) — Date of name change

FAQ

Industry Context

Connexa Sports Technologies Inc. operates in the sports technology sector, focusing on products and services for athletes and sports enthusiasts.

Regulatory Implications

The filing is a standard SEC filing (10-K/A) under the Securities Exchange Act of 1934, requiring public companies to report annual financial information.

What Investors Should Do

1. Analyze the specific financial data presented for the fiscal years 2021, 2022, and 2023.
2. Investigate the reasons for the 10-K amendment and any material changes disclosed.
3. Compare the financial performance across the reported periods to identify trends.

Key Dates

• 2024-03-25: Filing of 10-K/A — Amendment to the annual report for fiscal year 2023.
• 2023-04-30: Fiscal Year End — End of the reporting period for the 10-K filing.

Year-Over-Year Comparison

This is an amended 10-K filing (10-K/A), indicating updates or corrections to the original annual report for the fiscal year ending April 30, 2023.

Key Financial Figures

• $0.001 — nge on which registered Common Stock, $0.001 par value CNXA Nasdaq Capital Mark

Filing Documents

• form10-ka.htm (10-K/A) — 1180KB
• ex31-1.htm (EX-31.1) — 12KB
• ex31-2.htm (EX-31.2) — 12KB
• ex32-1.htm (EX-32.1) — 8KB
• ex32-2.htm (EX-32.2) — 8KB
• 0001493152-24-011097.txt (&nbsp;) — 7778KB
• cnxa-20230430.xsd (EX-101.SCH) — 61KB
• cnxa-20230430_cal.xml (EX-101.CAL) — 93KB
• cnxa-20230430_def.xml (EX-101.DEF) — 330KB
• cnxa-20230430_lab.xml (EX-101.LAB) — 523KB
• cnxa-20230430_pre.xml (EX-101.PRE) — 424KB
• form10-ka_htm.xml (XML) — 1167KB

FINANCIAL STATEMENTS

ITEM 8. FINANCIAL STATEMENTS The financial statements and supplementary financial information required by this Item 8 are set forth immediately below and are incorporated herein by reference. INDEX TO AUDITED FINANCIAL STATEMENTS CONNEXA SPORTS TECHNOLOGIES INC . TABLE OF CONTENTS Report of Independent Registered Public Accounting Firm (PCAOB ID 5968 ) in respect of the fiscal year ended April 30, 2023 F-2 Consolidated Balance Sheets as of April 30, 2023 and 2022 F-4 Consolidated Statements of Operations and Comprehensive Loss for the years ended April 30, 2023 and 2022 F-5 Consolidated Statements of Cash Flows for the years ended April 30, 2023 and 2022 F-7 Consolidated Statements of Shareholders' Equity/Deficit for the years ended April 30, 2023 and 2022 F-6

Notes to Consolidated Financial Statements

Notes to Consolidated Financial Statements F-8 F-1 Report of Independent Registered Public Accounting Firm The Board of Directors and Stockholders of CONNEXA SPORTS TECHNOLOGIES INC. Opinion on the Financial Statements We have audited the accompanying consolidated balance sheets of Connexa Sports Technologies Inc (the Company') as of April 30, 2023 and 2022, and the related consolidated statements of operations and comprehensive loss, changes in stockholders' equity and cash flows for the year ended April 30, 2023 and 2022, and the related notes (collectively referred to as the "financial statements"). In our opinion, the consolidated financial operations and its cash flows for the years ended April 30, 2023 and 2022, in conformity with accounting principles generally accepted in the United States of America. Going Concern The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 2, the Company suffered an accumulated deficit of $(151,750,610), net loss of $(71,153,685) and a negative working capital of $(18,775,991). These matters raise substantial doubt about the Company's ability to continue as a going concern. Management's plans with regards to these matters are also described in Note 2 to the financial statements. These financial statements do not include any adjustments that might result from the outcome of this uncertainty. Basis for Opinion These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on the Company's financial statements based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) ("PCAOB") and are required to be independent with respect to the Company in accordance w

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View this 10-K/A filing on SEC EDGAR