ESMR 10-K & 10-Q changes, risk factors and insider trading
E-Smart Corp. · OTC · Services-Computer Programming Services · CIK 1995920 · All filings on SEC.gov
At a glance
What changed in the latest 10-K
Risk Factors
Not required for smaller reporting companies.
No wording changes found in this section.
Full comparison: every changed paragraph (0)
Management's Discussion & Analysis (MD&A)
New heading “Cash Flows from Investing Activities”
New heading “Recent Accounting Pronouncements”
Largest changes
“The accompanying financial statements have been prepared in conformity with generally accepted accounting principles, which contemplate continuation of the Company as a going concern. The Company currently has loses and has not completed its efforts to establish a stabilized source of revenues sufficient to cover operating costs over an extended period of time. Therefore, there is substantial doubt about the Company’s ability to continue as a going concern. …”see in full comparison
“We are a development stage corporation with limited operations and no revenues from our business operations. Our auditors have issued a going concern opinion. This means that our auditors believe there is substantial doubt that we can continue as an on-going business for the next twelve months. We do not anticipate that we will generate significant revenues until we have raised the funds necessary to conduct a marketing program.”see in full comparison
see in full comparisonFISCAL YEARFiscalENDED AUGUST 31, 2024 COMPARED TO FISCAL YEAR ENDED AUGUST 31, 2023 During the yearsyear ended August 31, 2025 compared to fiscal year ended August 31, 2024and 2023 we have generated $0 and $11,562 in revenues, respectively.
“The following discussion of our financial condition and results of operations should be read in conjunction with (i) our audited financial statements as of August 31, 2025, that appear elsewhere in this filing. This filing contains certain forward-looking statements and our future operating results could differ materially from those discussed herein. …”see in full comparison
Full comparison: every changed paragraph (26)
We are a development stage corporation with limited operations and minimal revenues from our business operations.
The following discussion of our financial condition and results of operations should be read in conjunction with (i) our audited financial statements as of August 31, 2025, that appear elsewhere in this filing. This filing contains certain forward-looking statements and our future operating results could differ materially from those discussed herein. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward- looking statements. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. We disclaim any obligation to update any such factors or to announce publicly the results of any revisions of the forward -looking statements contained herein to reflect future events or developments.
In General
E-Smart Corp. (“Company”) was incorporated on June 06, 2023 under the laws of Nevada. We are a Nevada-incorporated Company focused on creating a platform that facilitates interaction between tattoo artists and enthusiasts. Our product serves as a combined professional profile and artistic showcase for tattoo artists, enabling them to present their expertise and history in an aesthetically pleasing format. This platform simplifies the process for employers to identify and locate skilled artists within their vicinity. Moreover, our service offers users the capability to generate preliminary tattoo sketches through an AI-driven tattoo design tool.
E-Smart is a dynamic and forward-thinking digital platform that connects tattoo artists and clients seamlessly. By leveraging advanced technologies, offering comprehensive services, and prioritizing user convenience, we provide an unparalleled experience for all stakeholders in the tattoo industry.
We are a
development stage corporation with limited operations and no revenues from our business operations. Our auditors have issued a going concern
opinion. This means that our auditors believe there is substantial doubt that we can continue as an on-going business for the next twelve
months. We do not anticipate that we will generate significant revenues until we have raised the funds necessary to conduct a marketing
program.
FISCAL YEARFiscal
ENDED AUGUST 31, 2024 COMPARED TO FISCAL YEAR ENDED AUGUST 31, 2023 During the yearsyear ended August 31,
2025 compared to fiscal year ended August 31, 2024 and 2023 we have generated $0 and $11,562 in revenues, respectively.
During the years ended August 31, 2025 and 2024 we have generated $29,247 and $11,562 in revenues, respectively.
Operating
expenses incurred were $87,388 during fiscal year ended August 31, 2025 compared to $45,925 during fiscal year ended August 31, 20242024.
Operating compared to $990 during fiscal year ended August 31, 2023. Operating
expenses consist primarily of mainly accumulated depreciationdepreciation, server rental expenses, and professional fees.services expenses.
The number
of shares outstanding was
5,799,469 and 4,500,000 for the fiscal years ended August 31, 20242025 and 2023.2024, respectively.
As of August 31, 2025, our total assets were $141,281 consisting of $6,825 current assets, $20,274 other current assets and $114,182 intangible assets. As of August 31, 2024, our total assets were $149,488 consisting of $546 cash and $148,942 intangible assets.
As of August
31, 2024, our total assets were $149,489 consisting of $546 cash and $148,942 intangible assets. As of August 31, 2023, our total
assets were $16,725 consisting of $225 cash and $16,500 intangible assets.
For the year ended August 31, 2024,
net cash flows used in operating activities was $10,973. For the year ended August 31, 2023, net cash flows used in operating activities
was $521.
Cash Flows infrom Investing
Operating Activities
For the year ended August 31, 2025, net cash flows used in operating activities was $43,452. For the year ended August 31, 2024, net cash flows used in operating activities was $10,973.
Cash Flows from Investing Activities
There was no net cash flow from investing activities for the year ended August 31, 2025. For the year ended August 31, 2024, net cash flows generated from investing activities was $157,300.
For the year ended August 31,
2024, net cash flows generated in investing activities was $157,300. For the year ended August 31, 2023, net cash flows generated
in investing activities was $16,500.
For the year ended August 31, 2025, net cash flows provided by financing activities was $49,731 from director loan and capital stock. For the year ended August 31, 2024, net cash flows provided by financing activities was $168,594 from director loan.
For the year ended August 31, 2024,
net cash flows provided by financing activities was $168,594 from director loan. For the year ended August 31, 2023, net cash flows provided
by financing activities was $16,203 from director loan and capital stock.
GOING CONCERN
The accompanying financial statements have been prepared
in conformity with generally accepted accounting principles, which contemplate continuation of the Company as a going concern. The Company
currently has loses and has not completed its efforts to establish a stabilized source of revenues sufficient to cover operating costs
over an extended period of time. Therefore, there is substantial doubt about the Company’s ability to continue as a going concern.
Management anticipates that the Company will be dependent, for the near future, on additional investment capital to fund operating expenses
The Company intends to position itself so that it will be able to raise additional funds through the capital markets. In light of management’s
efforts, there are no assurances that the Company will be successful in this or any of its endeavors or become financially viable and
continue as a going concern.
The accompanying condensed financial statements have
been prepared by the Company without audit. In the opinion of management, all adjustments (which include only normal recurring adjustments)
necessary to present fairly the financial position, results of operations, and cash flows at August 31, 2024. and for the related periods
presented.
The preparation
of financial statements in conformity with accounting principles generally accepted in the United States of America requires management
to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities
at the date of the financial statements. The estimates and judgments will also affect the reported amounts for certain expenses during
the reporting period. Actual results could differ from these good faith estimates and judgments.
Recent Accounting Pronouncements
The Company considers all new pronouncements and management has determined that there have been no recently adopted or issued accounting standards that had or will have a material impact on its financial statements
What changed in the latest 10-Q
Risk Factors
We could not find a separate Risk Factors item in the latest 10-Q. Some companies leave it out of quarterly reports; see the annual 10-K risk factors and the original filing. Open the filing on SEC.gov.
Management's Discussion & Analysis (MD&A)
Largest changes
Results of Operations for thesee in full comparisonsixnine months endedFebruaryMay28,31, 2026 as compared to thethreenine months endedFebruaryMay28,31, 2025
Total operating expenses for thesee in full comparisonsixnine months endedFebruaryMay28,31,2026.2026warewere$89,344.$118,744. The operating expenses included bank service charges ($137), Amortization Expense ($17,380$26,070), Legal &&Professional Fees ($1,619$2,366), Legal & Professional Services ($40,040$47,403), Postage and Delivery ($40), Business Licenses and Permits ($220)., Server leasing expense ($10,200$15,300), Marketing services ($17,158$14,850), SEO service expenses ($7,258) and Website Maintenance ($2,550$5,100).
Total operating expenses for thesee in full comparisonsixnine months endedended FebruaryMay28,31, 2025 were$43,188.$84,770. The operating expenses included bank service charges ($88$104), Amortization Expense ($17,380$26,070), Legal & Professional Fees ($3,147$3,993), Legal & Professional Services ($15,331$38,287), Business Licenses and Permits ($220), Postage and Delivery ($92$137), Exchange Gain or Loss ($130$309), Server leasing expense ($6,800$11,900) and Marketing services ($3,750).
Period endedsee in full comparisonFebruaryMay28,31, 2026 compared to period endedendedAugust 31, 2025 As atFebruaryMay28,31, 2026, our Assets were$128,531.$107,584. TotalTotalAssets included Current Assets$31,729$19,472 and Intangible Assets$96,802.$88,112. As atFebruaryMay28,31, 2026, our Liabilities were$247,822$248,326 and Equity was ($119,291$140,742).
Total operating expenses for the three months endedsee in full comparisonFebruaryMay28,31,2026.2026 were$60,155.$29,401. The operating expenses includedbank service charges ($109),Amortization Expense ($8,690), Legal & Professional Fees ($872$747), Legal & Professional Services ($34,363), Postage and Delivery ($13$7,364), Server leasing expense ($5,100), Marketing services ($8,458$4,950) and Website Maintenance ($2,550).
Total operating expenses for the three months endedsee in full comparisonFebruaryMay28,31, 2025 were$26,609.$41,582. The operating expenses included bank service charges ($72$17), Amortization Expense ($8,690), Legal & ProfessionalProfessionalFees ($2,847$846), Legal & Professional Services ($9,704$22,957), Postage and Delivery ($66$44), Exchange Gain or Loss ($130$178), Server leasing expense ($5,100) and Marketing services ($3,750).
Full comparison: every changed paragraph (27)
E-Smart Corp.
is a dynamic
and forward-thinking digital platform that connects tattoo artists and clients seamlessly. By leveraging advanced technologies,
offering offering
comprehensive services, and prioritizing user convenience, we provide an unparalleled experience for all stakeholders
in the
tattoo industry.
We are not a “shell Company” within the meaning of Rule 405, promulgated pursuant to the Securities Act, because we have developed a business plan and real business operations.
Ms. Diana Vasylenko, the Company’s Chief Executive
Officer, continues to devote approximately forty hours per week to company matters. In addition, the Company has engagedappointed two directors to
to support its operational, and administrative functions. As of May 31, 2026, the Company's Board consists of three directors.
Results of Operations for the three months ended
FebruaryMay 28,31, 2026 as compared to the three months ended FebruaryMay 28,31, 2025
For the three months ended FebruaryMay 28,31, 2026, the Company
Company generated total revenue of $20,151$7,950 from selling services to its customers.
For the three months ended FebruaryMay 28,31, 2025, the Company
Company generated total revenue of $5,885$9,756 from selling services to its customers.
Total operating expenses for the three months ended
FebruaryMay 28,31, 2026.2026 were $60,155.$29,401. The operating expenses included bank service charges ($109), Amortization Expense ($8,690), Legal &
Professional Fees ($872$747), Legal
& Professional Services ($34,363), Postage and Delivery ($13$7,364), Server leasing expense ($5,100), Marketing
services ($8,458$4,950) and Website Maintenance ($2,550).
Total operating expenses for the three months ended
FebruaryMay 28,31, 2025 were $26,609.$41,582. The operating expenses included bank service charges ($72$17), Amortization Expense ($8,690), Legal & Professional
Professional Fees ($2,847$846), Legal & Professional Services ($9,704$22,957), Postage and Delivery ($66$44), Exchange Gain or Loss ($130$178), Server
leasing expense
($5,100) and Marketing services ($3,750).
The net loss for the three months ended FebruaryMay 28,31, 2026
2026 was $42,486.$24,322.
The net loss for the three months ended FebruaryMay
28,31, 2025 was $23,014.$34,423.
Results of Operations for the sixnine months ended
FebruaryMay 28,31, 2026 as compared to the threenine months ended FebruaryMay 28,31, 2025
For the sixnine months ended FebruaryMay 28,31, 2026, the
the Company generated total revenue of $29,760$37,710 from selling services to its customers.
For the sixnine months ended FebruaryMay 28,31, 2025, the Company
generated total revenue of $10,303$20,101 from selling services to its customers.
Total operating expenses for the sixnine months
ended FebruaryMay 28,31, 2026.2026 warewere $89,344.$118,744. The operating expenses included bank service charges ($137), Amortization Expense ($17,380$26,070), Legal &
& Professional Fees ($1,619$2,366), Legal & Professional Services ($40,040$47,403), Postage and Delivery ($40), Business Licenses and Permits
($220). ,
Server leasing expense ($10,200$15,300), Marketing services ($17,158$14,850), SEO service expenses ($7,258) and Website Maintenance ($2,550$5,100).
Total operating expenses for the sixnine months
ended ended
FebruaryMay 28,31, 2025 were $43,188.$84,770. The operating expenses included bank service charges ($88$104), Amortization Expense ($17,380$26,070), Legal &
Professional Fees ($3,147$3,993), Legal & Professional Services ($15,331$38,287), Business Licenses and Permits ($220), Postage and Delivery ($92$137),
Exchange Gain or Loss ($130$309), Server leasing expense ($6,800$11,900) and Marketing services ($3,750).
The net loss for the sixnine months ended FebruaryMay 28,31, 2026
2026 was $64,500.$88,821.
The net loss for the sixnine months ended FebruaryMay 31,
28, 2025 was $37,529.$71,952.
Period ended FebruaryMay 28,31, 2026 compared to period ended
ended August 31, 2025 As at FebruaryMay 28,31, 2026, our Assets were $128,531.$107,584. Total
Total Assets included Current Assets $31,729$19,472 and Intangible Assets $96,802.$88,112. As at FebruaryMay 28,31, 2026, our Liabilities were $247,822$248,326 and
Equity was
($119,291$140,742).
For the sixnine months ended FebruaryMay 28,31, 2026 net cash flows
flows used in operating activities was $44,670.$53,755.
For the sixnine months ended FebruaryMay 28,31, 2025 net cash flows
flows used in operating activities was $25,531.$47,175.
We had no cash used in investing activities during
the sixnine months ended FebruaryMay 28,31, 2026 and 2025.
For the sixnine months ended FebruaryMay 28,31, 2026 net cash flows
flows provided by financing activities was $38,983.$47,437.
For the sixnine months ended FebruaryMay 28,31, 2025 net cash flows
flows provided by financing activities was 25,748.$50,987.
-
Have an auditor report on our internal controls over financial reporting pursuant to Section 404(b) of the Sarbanes-Oxley Act;
-
Provide an auditor attestation with respect to management’s report on the effectiveness of our internal controls over financial
reporting;
-
Comply with any requirement that may be adopted by the Public Company Accounting Oversight Board regarding mandatory audit firm rotation
or a supplement to the auditor’s report providing additional information about the audit and the financial statements (i.e., an
auditor discussion and analysis);
-
Submit certain executive compensation matters to shareholder advisory votes, such as “say-on-pay” and “say-on-frequency;”
and -
Disclose certain executive compensation related items such as the correlation between executive compensation and performance comparisons
of the CEO’s compensation to median employee compensation.
ESMR insider buying and selling (Form 4)
Since 2026-04-11, insiders reported open-market purchases in 0 Form 4 filings and open-market sales in 0 filings. Totals add up every open-market (code P and S) line in those filings, using the prices reported in the filings. Awards, option exercises, tax withholding and gifts are listed below but not counted.
No Form 4 stock transactions in this period.
Well-known investors holding ESMR (13F)
None of the 59 investors we track reported a position in their latest 13F.