Company: HNIT
Filing Date: 2025-10-15
Form Type: 10-Q
Source: 0001493152-25-018080
Chunk: 30

Company: Huineng Technology Corp
Filing Date: 2025-10-15
Form: 10-Q
Item: Item 1
Chunk 30
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 Rental deposit 
     63  
     63 
  
    Total 
    $4,300  
    $8,454 

Prepaid
expenses as of August 31, 2025 and November 30, 2024 represent the payments made for Edgar filing fee, stock storage and registrar fee,
OTC fee, and virtual office rental fee. The rental deposit represents the deposit of the virtual office tenancy agreement.

6.
PLANT AND EQUIPMENT, NET

Plant
and equipment consisted of the following as of August 31, 2025 and November 30, 2024:

SCHEDULE OF PLANT AND EQUIPMENT NET 

    As of August 31, 2025 (Unaudited)  
    As of November 30, 2024 (Audited) 

    Office equipment 
    $3,062  
    $3,062 
  
    Less: accumulated depreciation 
     (1,203) 
     (744)
  
    Plant and equipment, net 
    $1,859  
    $2,318 

Depreciation
expense for the period ended August 31, 2025 and November 30, 2024 was $459 and $588 respectively.

7.
AMOUNT DUE TO A SHAREHOLDER

As
of August 31, 2025 and November 30, 2024, the Company has $0 and $18,164 respectively, outstanding amount due to a shareholder, which
is unsecured and non-interest bearing with no fixed terms of repayment.

    F-9

8.
ACCRUED LIABILITIES

As
of August 31, 2025 and November 30, 2024, the Company has other accruals of $3,100 and $9,500 respectively which comprise of outstanding
audit fees.

9.
DEFERRED REVENUE

As
of August 31, 2025 and November 30, 2024, the Company has deferred revenue of $2,000 and $3,000 respectively which consist of website
development, design and maintenance fees received in advance from customers but have yet to provide the service.

10.
SHAREHOLDERS’ EQUITY

On
August 15, 2023, upon the incorporation of the Company, Kae Ren Tee, subscribed 4,000,000 shares of common stock at par value of $0.001
per share for a total subscription