Company: HNIT
Filing Date: 2025-07-14
Form Type: 10-Q
Source: 0001641172-25-018889
Chunk: 16

Company: Huineng Technology Corp
Filing Date: 2025-07-14
Form: 10-Q
Item: Item 1
Chunk 16
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’s revenues and its outstanding receivable balance at period-end is presented below:

SCHEDULE OF REVENUES AND OUTSTANDING RECEIVABLES BALANCE 

    For the six months ended May 31, 2025 

    Revenue  
    Percentage of Revenue  
    Accounts
                                                                               receivable 
  
    Customer C 
    $600  
     13% 
    $      - 
  
    Customer D 
     600  
     13% 
     - 
  
    Customer E 
     600  
     13% 
     - 
  
    Customer F 
     2,500  
     54% 
     - 
  
    Total 
    $4,300  
     93% 
    $- 

For
the six months ended May 31, 2024, there were two customers who accounted for more than 10% of the Company’s revenues. The customer
who accounted for more than 10% of the Company’s revenues and its outstanding receivable balance at period-end is presented below:

    For the six months ended May 31, 2024 

    Revenue  
    Percentage of Revenue  
    Accounts
                                                                               receivable 
  
    Customer A 
    $6,300  
     47% 
    $     - 
  
    Customer B 
     6,000  
     44  
     - 
  
    Total 
    $12,300  
     91% 
    $- 

12.
SEGMENT REPORTING

ASC
280, “Segment Reporting” establishes standards for reporting information about operating segments on a basis consistent with
the Company’s internal organization structure as well as information about services categories, business segments and major customers
in financial statements. The Company has three reportable segments based on business unit, website development, website design and website
maintenance services business and two reportable segments based on country, Malaysia and Hong Kong.

In
accordance with the “Segment Reporting” Topic of the ASC, the Company’s chief operating decision maker has been identified
as the Chief Executive Officer and President, who reviews operating results to make decisions about allocating resources and assessing
performance for the entire Company. Existing guidance, which is based on a management approach to segment reporting, establishes requirements
to report selected segment information quarterly and to report annually entity-wide disclosures about products and services, major customers,
and the countries in which