NOVAGANT CORP
CIK:0001089297|SEC Filings
Consolidated Statements of Operations - USD ($) |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2023 |
Dec. 31, 2022 |
|
| Consolidated Statements of Operations | ||||
| Revenue - air/ocean freight service income | $ 14,133 | $ 29,360 | $ 31,414 | $ 140,256 |
| Cost of services - air/ocean freight service direct cost | (7,137) | (15,164) | (15,369) | (87,331) |
| Revenues | 6,996 | 14,196 | 16,045 | 52,925 |
| Operating expenses | ||||
| General and administrative expenses | 25,611 | 29,067 | 67,688 | 66,654 |
| Finance costs | 30 | 164 | 124 | 167 |
| Total expenses | 25,641 | 29,231 | 67,812 | 66,821 |
| Loss before provision for income taxes | (18,645) | (15,035) | (51,767) | (13,896) |
| Provision for income taxes | 0 | 0 | 0 | 0 |
| Net loss for the period | $ (18,645) | $ (15,035) | $ (51,767) | $ (13,896) |
Consolidated Statements of Cash Flows - USD ($) |
9 Months Ended | |
|---|---|---|
Dec. 31, 2023 |
Dec. 31, 2022 |
|
| Cashflow from Operating Activities | ||
| Loss for the period | $ (51,767) | $ (13,896) |
| Adjustments for | ||
| Finance costs | 124 | 167 |
| Depreciation | 5,802 | 5,075 |
| Operating cash flows before working capital change | (45,841) | (8,654) |
| Changes in Working Capital | ||
| Accounts receivables | (2,078) | 569 |
| Deposit | 0 | (262) |
| Creditors, Accruals and Other Payables | 37,806 | 10,848 |
| Total | 35,728 | 11,155 |
| Cash (used in) generated from Operating Activities | (10,113) | 2,501 |
| Cashflow from Financing Activities | ||
| Repayment of lease liabilities | (5,380) | (4,593) |
| Interest paid | (124) | (167) |
| Net Cash Provided by (Used in) Financing Activities | (5,504) | (4,760) |
| Net change in cash and cash equivalents | (15,617) | (2,259) |
| Cash & Cash equivalents at the beginning of the period | 38,476 | 40,087 |
| Cash & Cash equivalents at the end of the period | $ 22,859 | $ 37,828 |