Company: NUVI
Filing Date: 2025-05-22
Form Type: 1-SA/A
Source: 0001410708-25-000003
Chunk: 22

Company: Emo Capital Corp.
Filing Date: 2025-05-22
Form: 1-SA/A
Chunk 22
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 position and results of operations.

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Table of contents

In December 2019, the FASB issued ASU No. 2019-12, "Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes ("ASU 2019-12"), which is intended to simplify various aspects related to accounting for income taxes. ASU 2019-12 removes certain exceptions to the general principles in Topic 740 and also clarifies and amends existing guidance to improve consistent application. This guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020, with early adoption permitted. The Company is currently evaluating the impact of this standard on its consolidated financial statements and related disclosures.

Other pronouncements issued by the FASB or other authoritative accounting standards groups with future effective dates are either not applicable or are not expected to be significant to the Company's financial position, results of operations or cash flows.

NOTE 4 – SEGMENT REPORTING

The Company follows the guidance set forth by section 280-10 of the FASB Accounting Standards Codification for reporting and disclosure on operating segments of the Company. It also requires segment disclosures about products and services, geographic areas, and major customers. The Company determined that it did not have any separately reportable operating segments as of January 31, 2024.

NOTE 5 – CAPITAL STOCK

The Company is authorized to issue 450,000,000 Common Shares at $.001 par value per share.

During the year ended July 31, 2019, the company issued 60,000,000 shares to Mr. Glass in exchange for the payment of expenses totaling $16,065 to reinstate the Company. The shares issued were valued at the market price of $.011 per share which was the trading price per share on March 20, 2019 which is the day the transaction occurred.

Total issued and outstanding shares of common stock is 300,500,000 s of January 31, 2025.

Mr. Guo, as the court appointed custodian filed with NVSOS for preferred stock designation. As of July 31, 2023, 1,000 preferred series C stock shares is issued and outstanding at a price of $1.00 per share for an aggregate cost of $1,000 to compensate his service to reinstate the Company.

For the semi-annual period ending January 31, 2025, the Company canceled 105,