Maison Solutions Inc.
For the period ended Apr 30, 2025. Filed Aug 14, 2025.
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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.
FY2025 · Filed Aug 14, 2025
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, | |||
|---|---|---|---|
| 2025 · 2024 (Restated) | |||
| Cash flows from operating activities | |||
| Net income (loss) before noncontrolling interest | $920,909 | $(3,387,029) | |
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | |||
| Depreciation and amortization expense | 1,035,485 | 461,868 | |
| Inventory impairment (reversal) | 276,900 | (5,961) | |
| Bad debt expense (reversal) | 29,493 | (60,000) | |
| Investment loss | 515,740 | 538,542 | |
| Amortization of OID and debt issuance cost of convertible note | 55,417 | - | |
| Change in fair value of derivative liability | (801,988) | - | |
| Changes in deferred taxes | (88,346) | (11,698) | |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (2,546,650) | 203,481 | |
| Accounts receivable - related parties | (42,753) | (271,461) | |
| Inventories | 770,431 | 914,356 | |
| Prepayments | 824,229 | (1,716,468) | |
| Other receivables and other current assets | 545,843 | (474,943) | |
| Security deposits | (9,800) | (488,717) | |
| Accounts payable | 2,591,834 | (59,633) | |
| Accounts payable - related parties | 65,767 | 106,725 | |
| Accrued expenses and other payables | 138,581 | 342,592 | |
| Income tax payable | 218,890 | (518,516) | |
| Contract liabilities | (263,768) | 503,326 | |
| Operating lease liabilities | 513,802 | 400,913 | |
| Other long-term payables | 6,114 | 19,477 | |
| Net cash provided by (used in) operating activities | 4,756,130 | (3,503,146) | |
| Cash flows from investing activities | |||
| Payment for equipment purchase | (175,355) | (382,132) | |
| Payment for acquisition of subsidiaries | - | (7,000,000) | |
| Payment of intangible assets purchase | - | (2,950,000) | |
| Cash acquired from acquisition of Lee Lee | - | 2,074,298 | |
| Investment into TMA Liquor Inc | - | (75,000) | |
| Investment into HKGF Market of Arcadia, LLC | (62,000) | (1,800,000) | |
| Net cash used in investing activities | (237,355) | (10,132,834) | |
| Cash flows from financing activities | |||
| Bank overdraft | 1,349,202 | 97,445 | |
| Borrowing from related parties | 75,989 | 250,000 | |
| Loan to related party | (95,000) | - | |
| Proceeds from convertible note | 2,335,000 | - | |
| Repayment of loan payable | - | (370,825) | |
| Repayment of notes payable | - | (150,000) | |
| Repayment of notes payable arising from acquisition of Lee Lee | (9,484,005) | - | |
| Net proceeds from issuance of common stock | - | 13,313,892 | |
| Net cash provided by (used in) financing activities | (5,818,814) | 13,140,512 | |
| Net changes in cash and restricted cash | (1,300,039) | (495,468) | |
| Cash and restricted cash at the beginning of the year | 2,075,399 | 2,570,867 | |
| Cash and restricted cash at the end of the year | $775,360 | $2,075,399 | |
| Supplemental disclosure of cash and restricted cash | |||
| Cash | 775,360 | $2,074,298 | |
| Restricted cash | - | 1,101 | |
| Total cash and restricted cash | $775,360 | $2,075,399 | |
| Supplemental disclosure of cash flow information | |||
| Cash paid for interest | $1,032,962 | $104,451 | |
| Cash paid for income taxes | $116,369 | $973,656 | |
| Supplemental disclosure of non-cash investing and financing activities | |||
| Increase of right-of-use assets and lease liabilities | $ | - | $10,196 |
| $ · - · $ · - | |||
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