Company: HNIT
Filing Date: 2025-04-14
Form Type: 10-Q
Source: 0001641172-25-003960
Chunk: 10

Company: Huineng Technology Corp
Filing Date: 2025-04-14
Form: 10-Q
Item: Item 1
Chunk 10
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 of February 28, 2025 (Unaudited)  
    As of November 30, 2024 (Audited) 

    Prepaid expenses 
     5,114  
     8,391 
  
    Rental deposit 
     63  
     63 
  
    Total 
    $5,177  
    $8,454 

Prepaid
expenses as of February 28, 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 February 28, 2025 and November 30, 2024:

 SCHEDULE OF PLANT AND EQUIPMENT NET

    As of February 28, 2025 (Unaudited)  
    As of November 30, 2024 (Audited) 

    Office equipment 
    $3,062  
    $3,062 
  
    Less: accumulated depreciation 
     (897) 
     (744)
  
    Plant and equipment, net 
    $2,165  
    $2,318 

Depreciation
expense for the period ended February 28, 2025 and November 30, 2024 was $153 and $588 respectively.

6.
AMOUNT DUE FROM/TO A SHAREHOLDER

As
of February 28, 2025, the Company has an outstanding amount due from a shareholder, in aggregate amount of $16,972,
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 February 28, 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 February 28, 2025 and November 30, 2024, the Company has deferred revenue of $5