HOVR: the balance sheet

MyFinsight

For the quarter ending 2026-02-28, HOVR has $21,908K in assets. $7,779K in debts. $19,674K in cash and cash equivalents.

Balance Sheets	2026-02-28	2025-11-30	2025-08-31	2025-05-31
Cash and cash equivalents	19,674	24,304	16,267	7,547
Prepaid expenses	1,093	319	372	530
Other receivables	291	220	81	96
Total current assets	21,058	24,843	16,720	8,173
Operating lease assets	15	21	25	30
Total property and equipment, gross	1,207	1,067	533	394
Total property and equipment, gross-Equipment	-	-	-	0
Accumulated depreciation	372	293	235	185
Property and equipment, net	835	774	298	209
Total assets	21,908	25,638	17,043	8,412

Accounts payable	1,100	906	382	679
Accrued liabilities	308	2,891	1,692	625
Operating lease liabilities	14	19	23	22
Total current liabilities	1,422	3,816	2,097	1,326
Warrant liabilities	6,357	7,352	4,131	4,488
Operating lease liabilities	-	-	2	8
Forward purchase agreement	-	-	-	0
Total liabilities	7,779	11,168	6,230	5,822
Class a ordinary shares, no par value unlimited shares authorized 44,958,889 issued and outstanding (32,325,709 as of may 31, 2025)	111,949	109,355	96,587	84,562
Preferred shares, no par value unlimited shares authorized 4,500 issued and outstanding (4,500 as of may 31, 2025)	6,277	6,277	6,277	6,277
Additional paid-in capital	-68,162	-72,126	-71,665	-78,766
Accumulated deficit	-35,935	-29,036	-20,386	-9,483
Total shareholders equity	14,129	14,470	10,813	2,590
Total liabilities and shareholders equity	21,908	25,638	17,043	8,412

Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.