8 results
10-K/A
2022 FY
NXMH
Next Meats Holdings, Inc.
1 Mar 24
Annual report (amended)
10:31am
Significant components of the Company’s deferred tax assets are as follows:
April 30, | |||||||
2022 | 2021 | ||||||
Deferred tax asset, generated from net operating loss | $ | 1,444,881 | $ | 227,725 | |||
Valuation allowance | (1,444,881) | (227,725) | |||||
$ | — | $ | — |
10-K/A
2022 FY
NXMH
Next Meats Holdings, Inc.
1 Mar 24
Annual report (amended)
10:31am
Year Ended April 30, 2022 | Year Ended April 30, 2021 | |||
CASH FLOWS FROM OPERATING ACTIVITIES | ||||
Net income | $ | (5,795,980) | $ | (1,069,894) |
Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | ||||
Depreciation and amortization | 54,023 | 4,584 | ||
Changes in operating assets and liabilities: | ||||
Accounts receivable | (1,025,119) | (265,883) | ||
Accrued expenses and other payables | 66,004 | 490,732 | ||
Advance payments and prepaid expenses | (1,287,272) | (48,844) | ||
Accounts payable – related party | (2,829) | 2,829 | ||
Security deposits | (132,544) | (18,860) | ||
Deferred assets | (739) | - | ||
Income tax payable | 20,162 | 3,679 | ||
Inventories | (348,610) | (249,434) | ||
Net cash used in operating activities | (8,452,904) | (1,151,090) | ||
CASH FLOWS FROM INVESTING ACTIVITIES | ||||
Cash paid for equipment | (15,795) | (211,053) | ||
Construction in progress | (112,905) | (169,325) | ||
Land and improvements | (1,093,028) | - | ||
Cash paid for stock | 129,217 | (316,717) | ||
Net cash used in investing activities | (1,092,511) | (697,095) | ||
CASH FLOWS FROM FINANCING ACTIVITIES | ||||
Expenses contributed to capital | (4,955) | 20,071 | ||
Common shares sold | 3,870,194 | - | ||
Loans | 271,613 | - | ||
Stock issuance | (52,374) | 9,108,376 | ||
Net cash provided by financing activities | 4,084,478 | 9,128,446 | ||
Net effect of exchange rate changes on cash | $ | (1,128,966) | $ | (70,061) |
Net Change in Cash and Cash Equivalents | (6,589,903) | 7,210,200 | ||
Cash and cash equivalents - beginning of period | 7,210,200 | - | ||
Cash and cash equivalents - end of period | $ | 620,297 | $ | 7,210,200 |
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION | ||||
Interest paid | $ | 4,201 | $ | 3,305 |
Income taxes paid | $ | - | $ | 41,884 |
NON-CASH INVESTING AND FINANCING TRANSACTIONS | $ | - | $ | - |
10-K/A
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1 Mar 24
Annual report (amended)
10:31am
10-K/A
2q6xoju7n
1 Mar 24
Annual report (amended)
10:31am
10-K/A
he6mnk
1 Mar 24
Annual report (amended)
10:31am
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