HOVRW: the cashflow

MyFinsight

The latest financial statement is for the quarter ending 2025-11-30.

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

Cash Flow	2025-11-30	2025-08-31	2025-05-31
Non-cash interest	-	-	0
Net income (loss)	-8,650	-10,903	5,200
Depreciation and amortization	57	51	138
Stock-based compensation	357	2,410	1,492
Change in warrant liability	3,992	5,137	1,988
Prepaid expenses	-54	-157	-1,901
Accounts receivable	138	-14	-321
Accounts payable	524	-297	-36
Accrued liabilities	1,199	1,067	51
Operating leases	-3	-	3
Registered share offering costs	0	-	290
Change in fair value of forward purchase agreement	0	-	-740
Gain on termination of forward purchase agreement	0	-	21,400
Net cash used in operating activities	-2,608	-2,364	-9,312
Purchase of property and equipment	534	139	142
Net cash used in investing activities	-534	-139	-142
Proceeds from sales agreement	19,092	-	880
Repayment of term loan	-	-	0
Proceeds from exercise of stock options	28	-	-
Proceeds from warrants exercised	312	2,970	2,787
Net proceeds from issuance of preferred shares	-	-	6,277
Net proceeds from issuance of class a ordinary shares	-	-	2,082
Proceeds from registered securities offering	-	-	3,947
Proceeds from issuance of convertible debentures	-	-	0
Proceeds from registered securities offering	0	-	-
Outflow from business combination	-	-	0
Registered share offering costs	0	-	510
Forward purchase agreement termination	8,253	-8,253	278
Finance lease payments	-	-	0
Net cash provided by financing activities	11,179	11,223	15,185
Net change in cash and cash equivalents	8,037	8,720	5,731
Cash and cash equivalents at beginning of period	16,267	7,547	-
Cash and cash equivalents at end of period	24,304	16,267	-

Unit: Thousand (K) dollars