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$0.93-6.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Years Ended April 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities | ||
| Net income (loss) before noncontrolling interest | $(3,387,029) | $1,639,301 |
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ||
| Depreciation and amortization expense | 461,868 | 371,696 |
| Inventory impairment | (5,961) | (130,056) |
| Bad debt expense | (60,000) | 225,766 |
| Investment loss | 538,542 | — |
| Change in deferred taxes | (11,698) | (3,125) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 203,481 | (258,309) |
| Accounts receivable - related parties | (271,461) | 243,881 |
| Inventories | 914,356 | 343,513 |
| Prepayments | (1,716,468) | (819,592) |
| Other receivables and other current assets | (474,943) | (504,758) |
| Security deposits | (488,717) | 5,654 |
| Accounts payable | (59,633) | (589,651) |
| Accounts payable - related parties | 106,725 | (161,677) |
| Accrued expenses and other payables | 342,592 | (503,338) |
| Income tax payable | (518,516) | 334,622 |
| Contract liabilities | 503,326 | 68,037 |
| Operating lease liabilities | 400,913 | 203,940 |
| Other long-term payables | 19,477 | 18,287 |
| Net cash provided by (used in) operating activities | (3,503,146) | 484,191 |
| Cash flows from investing activities | ||
| Payments of equipment purchase | (382,132) | (49,388) |
| Payments for intangible assets purchase | (2,950,000) | — |
| Investment into TMA Liquor Inc. | (75,000) | — |
| Investment into HKGF Market of Arcadia, LLC | (1,800,000) | — |
| Payment for acquisition of subsidiaries | (7,000,000) | (2,500,000) |
| Loans repaid from third parties | — | 4,410,270 |
| Net cash provided by (used in) investing activities | (12,207,132) | 1,860,882 |
| Cash flows from financing activities | ||
| Bank overdraft | 97,445 | (281,941) |
| Repayments (to) borrowings from related parties | 250,000 | (101,965) |
| Repayments of loan payables | (370,825) | (362,731) |
| Repayment of notes payable | (150,000) | — |
| Net proceeds from issuance of common stock | 13,313,892 | — |
| Net cash provided by (used in) financing activities | 13,140,512 | (746,637) |
| Net changes in cash and restricted cash | (2,569,766) | 1,598,436 |
| Cash and restricted cash at the beginning of the year | 2,570,867 | 972,431 |
| Cash and restricted cash at the end of the year | $1,101 | $2,570,867 |
| Supplemental disclosure of cash and restricted cash | ||
| Cash | $— | $2,569,766 |
| Restricted cash | 1,101 | 1,101 |
| Total cash and restricted cash | $1,101 | $2,570,867 |
| Supplemental disclosure of cash flow information | ||
| Cash paid for interest | $104,451 | $70,795 |
| Cash paid for income taxes | $973,656 | $8,481 |
| Supplemental disclosure of non-cash investing and financing activities | ||
| Increase of right-of-use assets and lease liabilities | $10,196 | $8,454,300 |
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