Maison Solutions Inc
For the period ended Apr 30, 2024. Filed Aug 13, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Aug 13, 2024
MSS$1.00-6.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
| April 30, 2024 | April 30, 2023 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $— | $2,569,766 |
| Accounts receivable | 111,874 | 315,356 |
| Accounts receivable – related parties | 459,647 | 289,615 |
| Inventories, net | 6,802,255 | 2,978,986 |
| Prepayments | 3,263,711 | 1,547,243 |
| Other receivables and other current assets | 1,240,786 | 550,836 |
| Other receivable – related parties | 33,995 | 33,995 |
| Total current assets | 11,912,268 | 8,285,797 |
| Non-current assets: | ||
| Restricted cash | 1,101 | 1,101 |
| Property and equipment, net | 2,334,963 | 671,463 |
| Intangible assets, net | 7,978,911 | 197,329 |
| Security deposits | 946,208 | 457,491 |
| Investment under cost method | 75,000 | — |
| Investment under cost method – related parties | 203,440 | 203,440 |
| Investment in equity securities | 1,261,458 | — |
| Operating lease right-of-use assets, net | 40,726,647 | 22,545,190 |
| Goodwill | 16,957,147 | 2,222,211 |
| Total non-current assets | 70,484,875 | 26,298,225 |
| Total assets | $82,397,143 | $34,584,022 |
| LIABILITIES AND STOCKHOLDERS’ DEFICIT | ||
| Current liabilities: | ||
| Bank overdraft | $97,445 | $— |
| Accounts payable | 5,394,423 | 3,105,592 |
| Accounts payable – related parties | 470,605 | 465,310 |
| Accrued expenses and other payables | 1,627,082 | 867,796 |
| Other payables – related parties | 491,586 | 241,585 |
| Income tax payable | 442,518 | 961,034 |
| Contract liabilities | 965,696 | 449,334 |
| Operating lease liabilities, current | 4,088,678 | 1,761,182 |
| Loan payables, current | 65,098 | 370,828 |
| Notes payable, current | 15,126,065 | 150,000 |
| Total current liabilities | 28,769,196 | 8,372,661 |
| Non-current liabilities: | ||
| Long-term loan payables | 2,496,201 | 2,561,299 |
| Security deposit from sub-tenants | 125,114 | 105,637 |
| Operating lease liabilities, non-current | 39,015,252 | 22,711,760 |
| Deferred tax liability, net | 1,272,260 | 40,408 |
| Total non-current liabilities | 42,908,827 | 25,419,104 |
| Total Liabilities | 71,678,023 | 33,791,765 |
| Commitment and contingencies (Note 17) | ||
| Stockholders’ Equity: | ||
| Class A Common stock, $0.0001 par value, 97,000,000 shares authorized; 17,450,476 and 13,760,000 shares issued and outstanding as of April 30, 2024 and 2023, respectively | 1,745 | 1,376 |
| Class B Common stock, $0.0001 par value, 3,000,000 shares authorized; 2,240,000 shares issued and outstanding | 224 | 224 |
| Additional paid in capital | 13,313,523 | — |
| Retained earnings (accumulated deficit) | (2,817,495) | 522,710 |
| Total Maison Solutions, Inc. stockholders’ equity | 10,497,997 | 524,310 |
| Noncontrolling interests | 221,123 | 267,947 |
| Total stockholders’ equity | 10,719,120 | 792,257 |
| Total liabilities and stockholders’ equity | $82,397,143 | $34,584,022 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.