$EVOH
EvoAir Holdings Inc.
CIK:0001700844|SEC Filings
Consolidated Statements of Cash Flows - USD ($) |
12 Months Ended | ||
|---|---|---|---|
Aug. 31, 2026 |
Aug. 31, 2025 |
Aug. 31, 2024 |
|
| Cash flows from operating activities | |||
| Net loss | $ (4,351,484) | $ (14,968,005) | |
| Adjustments for non-cash income and expenses: | |||
| Depreciation | 73,171 | 110,212 | |
| Amortization | 2,545,701 | 2,970,078 | |
| Loss on lease modification | 19,396 | ||
| Intangible asset impairment | 6,931,502 | $ 20,580,040 | |
| Stock based expense | 3,261,676 | ||
| Changes in operating assets and liabilities: | |||
| Accounts receivables | (48,088) | 6,679 | |
| Inventories | 2,209 | 143,539 | |
| Deposit, prepayments and other receivables | 10,704 | 53,130 | |
| Operating lease right-of-use assets and liabilities, net | (3,846) | (21,457) | |
| Accounts payable and accruals | 274,965 | 329,903 | |
| Deferred revenue | 10,747 | 993 | |
| Other payables | 126,031 | 53,203 | |
| Net cash used in operations | (1,359,890) | (1,109,151) | |
| Cash flows from investing activity | |||
| Purchase of property, plant and equipment | (1,247) | (16,991) | |
| Cash used in investing activity | (1,247) | (16,991) | |
| Cash flows from financing activities | |||
| Loans from related parties and other shareholders, net (including related parties of $574,201 and $1,009,396, respectively) | 1,146,485 | 1,184,106 | |
| Proceeds from issuing short-term borrowing | 549,163 | ||
| Payments of hire purchase | (4,852) | (8,226) | |
| Payment of deferred offering costs | (16,106) | (57,824) | |
| Net cash provided by financing activities | 1,674,690 | 1,118,056 | |
| Net increase/(decrease) in cash and cash equivalents | 313,553 | (8,086) | |
| Effect of exchange rate changes on cash and cash equivalents | (129,335) | (51,570) | |
| Cash and cash equivalents at beginning of year | 93,329 | 152,985 | |
| Cash and cash equivalents at end of year | 277,547 | 93,329 | $ 152,985 |
| Supplemental cash flow information: | |||
| Cash paid for interest | 47,706 | 3,537 | |
| Supplemental disclosure of non-cash investing and financing activities: | |||
| Common stock issued for consulting service in related to Initial public offering | $ 2,718,064 | ||
Consolidated Balance Sheets - USD ($) |
Aug. 31, 2026 |
Aug. 31, 2025 |
||
|---|---|---|---|---|
| Current assets | ||||
| Cash and cash equivalents | $ 277,547 | $ 93,329 | ||
| Accounts receivable, net | 104,323 | 56,235 | ||
| Inventories | 314,299 | 316,508 | ||
| Deposit, prepayments and other receivables | 50,972 | 61,676 | ||
| Total current assets | 747,141 | 527,748 | ||
| Non-current assets | ||||
| Property, plant and equipment, net | 207,443 | 264,557 | ||
| Operating lease right-of-use assets | 33,707 | 91,408 | ||
| Deferred offering cost | 3,241,570 | 3,225,464 | ||
| Technology-related intangible assets, net | 39,034,077 | 41,579,778 | ||
| Total non-current assets | 42,516,797 | 45,161,207 | ||
| TOTAL ASSETS | 43,263,938 | 45,688,955 | ||
| Current liabilities | ||||
| Accounts payable and accruals | 732,410 | 548,194 | ||
| Other payables | 275,065 | 149,034 | ||
| Short-term borrowings | 549,163 | |||
| Deferred revenue | 21,752 | 11,005 | ||
| Hire purchase creditor | 4,852 | |||
| Amounts due to related parties and other shareholders, including amounts due to related parties of $2,922,157 and $2,261,166, respectively | 3,673,641 | 2,436,407 | ||
| Operating lease liability - current | 36,489 | 63,262 | ||
| Total current liabilities | 5,288,520 | 3,212,754 | ||
| Non-current liabilities | ||||
| Operating lease liabilities | 34,774 | |||
| Total non-current liabilities | 34,774 | |||
| TOTAL LIABILITIES | 5,288,520 | 3,247,528 | ||
| Commitments and contingencies (Note 15) | ||||
| Shareholders’ equity | ||||
| Common stock, 250,000,000 authorized; $0.001 par value, 27,180,631 and 27,180,631 shares issued and outstanding as at August 31, 2026 and 2025 | [1] | 27,181 | 27,181 | |
| Additional paid in capital | 97,492,063 | 97,492,063 | ||
| Accumulated other comprehensive loss | (159,813) | (85,598) | ||
| Accumulated deficit | (58,123,258) | (54,028,719) | ||
| Total EvoAir Holdings Inc. shareholders’ equity | 39,236,173 | 43,404,927 | ||
| Non-controlling interest | (1,260,755) | (963,500) | ||
| Total shareholders’ equity | 37,975,418 | 42,441,427 | ||
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | $ 43,263,938 | $ 45,688,955 | ||
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