HOVRW: the balance sheet

MyFinsight

For the quarter ending 2025-11-30, HOVRW has $25,638K in assets. $11,168K in debts. $24,304K in cash and cash equivalents.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

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

Accounts payable	906	382	679
Accrued liabilities	2,891	1,692	625
Operating lease liabilities	19	23	22
Total current liabilities	3,816	2,097	1,326
Warrant liabilities	7,352	4,131	4,488
Operating lease liabilities	-	2	8
Forward purchase agreement	-	-	0
Total liabilities	11,168	6,230	5,822
Class a ordinary shares, no par value unlimited shares authorized 43,925,605 issued and outstanding (32,325,709 as of may 31, 2025)-Common Class A	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
Additional paid-in capital	-72,126	-71,665	-78,766
Accumulated deficit	-29,036	-20,386	-9,483
Total shareholders equity	14,470	10,813	2,590
Total liabilities and shareholders equity	25,638	17,043	8,412

Unit: Thousand (K) dollars