Company: HNIT
Filing Date: 2025-07-14
Form Type: 10-Q
Source: 0001641172-25-018889
Chunk: 13

Company: Huineng Technology Corp
Filing Date: 2025-07-14
Form: 10-Q
Item: Item 1
Chunk 13
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 to continue as a going concern is dependent upon its ability to improve profitability and the ability to acquire funding through
public offering. If funding from public offering is insufficient, then the Company shall rely on the financial support from its controlling
shareholder.

These
and other factors raise substantial doubt about the Company’s ability to continue as a going concern within one year after the
date that financial statements are issued. These financial statements do not include any adjustments to reflect the possible future effects
on the recoverability and classification of assets or the amounts and classification of liabilities that may result in the Company not
being able to continue as a going concern.

4.
PREPAYMENTS AND DEPOSIT

SCHEDULE OF PREPAYMENTS AND DEPOSIT 

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

    Prepaid expenses 
     7,284  
     8,391 
  
    Rental deposit 
     63  
     63 
  
    Total 
    $7,347  
    $8,454 

Prepaid
expenses as of May 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.

5.
PLANT AND EQUIPMENT, NET

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

SCHEDULE OF PLANT AND EQUIPMENT NET 

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

    Office equipment 
    $3,062  
    $3,062 
  
    Less: accumulated depreciation 
     (1,050) 
     (744)
  
    Plant and equipment, net 
    $2,012  
    $2,318 

Depreciation
expense for the period ended May 31, 2025 and November 30, 2024 was $306 and $588 respectively.

6.
AMOUNT DUE FROM/TO A SHAREHOLDER

As
of May 31, 2025, the Company has an outstanding amount due from a shareholder, in aggregate amount of $289,