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

Company: Huineng Technology Corp
Filing Date: 2025-07-14
Form: 10-Q
Item: Item 1
Chunk 14
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which is unsecured and non-interest bearing with no fixed terms of repayment.

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

    F-8

7.
ACCRUED LIABILITIES

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

8.
DEFERRED REVENUE

As
of May 31, 2025 and November 30, 2024, the Company has deferred revenue of $6,900 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.

9.
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 value of $4,000.

On
July 11, 2024, the Company issued 1,545,000 shares of common stock being sold at $0.02 per share for a total of $30,900 through initial
public offering.

On
February 21, 2025, the Company issued 39,000,000 shares of common stock being subscribed by Kae Ren Tee at par value of $0.001 per share
for a total subscription value of $39,000.

As
of May 31, 2025, the Company has 44,545,000 shares of common stock issued and outstanding.

The
Company has 75,000,000 shares of commons stock authorized.

10.
INCOME TAX

The
loss from operation before income taxes of the Company for the six months ended May 31, 2025 and May 31, 2024 were comprised of the following:

SCHEDULE OF LOSS FROM OPERATION BEFORE INCOME TAX 

    For the six months ended May 31, 2025  
    For the six months ended May 31, 2024 
  
    Tax jurisdictions from: 

    – Local 
    $(21,827) 
     (7,298)

    Foreign, representing