NRHI 10-K & 10-Q changes, risk factors and insider trading
Natural Resource Holdings, Inc. · OTC · Retail-Nonstore Retailers · CIK 1680689 · All filings on SEC.gov
At a glance
What changed in the latest 10-K
Risk Factors
Not available: the section could not be located automatically in one of the filings (non-standard layout or incorporated by reference). See the original filing. Open the filing on SEC.gov.
Management's Discussion & Analysis (MD&A)
Largest changes
Net loss for the year ended April 30,see in full comparison20242025 was$2,047,358$50,533 compared to$40,744$2,047,358 for the year ended April 30,2023.2024. Theincreasedecrease in net loss during the year ended April 30,20242025 was due to theincreasedecrease in operating expenses. During the year ended April 30, 2024, the Companyissuedincurred stock-based compensation of $2,000,000 for the issuance of 5,000,000 shares of common stock to the Director of the Company valuedat $2,000,000as management salariesfor the period from September 29, 2020 to September 28, 2022.
During the year ended April 30,see in full comparison2023,2024, the net cash of$47,580$41,044 used in operating activities was attributed to net loss of$40,744, increased by write off of accounts payable and accrued liabilities of $21,447,$2,047,358 decreased by stock-based compensation of $2,000,000, amortization on mining property rights of $490 and amortization on note discount of$3,416$3,425 and net changes in operating assets and liabilities of$11,195.$2,399.
During the year ended April 30,see in full comparison2024,2025, the net cash of$41,044$40,684 used in operating activities was attributed to net loss of$2,047,358,$50,533, decreased bystock based compensation of $2,000,000,amortization on mining property rights of$490$1,962 and amortization on note discount of$3,425$3,416 and net changes in operating assets and liabilities of$2,399.$4,471.
Our working capital deficiency as of April 30,see in full comparison20242025 was$167,597$179,042 as compared to our working capital deficiency of$165,198$167,597 as of April 30,2023.2024. The increase in working capital deficiency was mainly due to the increase in accrued interest and accounts payable and accrued liabilities during the year ended April 30,2024.2025.
“We had no investing activities during the year ended April 30, 2025.”see in full comparison
“We had no investing activities during the year ended April 30, 2023.”see in full comparison
Full comparison: every changed paragraph (6)
Net loss for the year ended April 30, 20242025 was $2,047,358$50,533 compared to $40,744$2,047,358 for the year ended April 30, 2023.2024. The increasedecrease in net loss during the year ended April 30, 20242025 was due to the increasedecrease in operating expenses. During the year ended April 30, 2024, the Company issuedincurred stock-based compensation of $2,000,000 for the issuance of 5,000,000 shares of common stock to the Director of the Company valued at $2,000,000 as management salaries for the period from September 29, 2020 to September 28, 2022.
Our working capital deficiency as of April 30, 20242025 was $167,597$179,042 as compared to our working capital deficiency of $165,198$167,597 as of April 30, 2023.2024. The increase in working capital deficiency was mainly due to the increase in accrued interest and accounts payable and accrued liabilities during the year ended April 30, 2024.2025.
During the year ended April 30, 2024,2025, the net cash of $41,044$40,684 used in operating activities was attributed to net loss of $2,047,358,$50,533, decreased by stock based compensation of $2,000,000, amortization on mining property rights of $490$1,962 and amortization on note discount of $3,425$3,416 and net changes in operating assets and liabilities of $2,399.$4,471.
During the year ended April 30, 2023,2024, the net cash of $47,580$41,044 used in operating activities was attributed to net loss of $40,744, increased by write off of accounts payable and accrued liabilities of $21,447,$2,047,358 decreased by stock-based compensation of $2,000,000, amortization on mining property rights of $490 and amortization on note discount of $3,416$3,425 and net changes in operating assets and liabilities of $11,195.$2,399.
We had no investing activities during the year ended April 30, 2025.
We had no investing activities during the year ended April 30, 2023.
What changed in the latest 10-Q
Risk Factors
As a “smaller reporting company”, we are not required to provide the information required by this Item.
No wording changes found in this section.
Full comparison: every changed paragraph (0)
Management's Discussion & Analysis (MD&A)
Largest changes
Net loss for the three months endedsee in full comparisonOctoberJanuary 31,20252026 was$9,821$9,820 compared to$10,252$9,578 for the three months endedOctoberJanuary 31,2024.2025. Thedecreaseincrease in net loss during the three months endedOctoberJanuary 31,20252026 was due to adecreaseincrease inaccountingaudit fees.
Net loss for thesee in full comparisonsixnine months endedOctoberJanuary 31,20252026 was$20,797$30,599 compared to$19,414$28,992 for thesixnine months endedOctoberJanuary 31,2024.2025. The increase in net loss during thesixnine months endedOctoberJanuary 31,20252026 was due to an increase in audit fees.
During thesee in full comparisonsixnine months endedOctoberJanuary 31,2025,2026, the net cash used in operating activities was attributed to net loss of$20,797,$30,599, decreased by amortization on mining property rights of$980$1,471 and amortization of note discount of$1,722,$2,293, and increased by net changes in operating assets and liabilities of$4,765.$6,275.
We had no current assets as ofsee in full comparisonOctoberJanuary 31,20252026 and April 30, 2025. Our total current liabilities as ofOctoberJanuary 31,20252026 were$337,984$337,045 as compared to total current liabilities of $348,000 as of April 30, 2025. Our working capital deficiency as ofOctoberJanuary 31,20252026 was$337,984$337,045 as compared $348,000 as of April 30, 2025 due to the decrease in accounts payable and accrued liabilities and reclass of loan payable to non-current labilities.
Net cash used in operating activities wassee in full comparison$22,860$33,110 for thesixnine months endedOctoberJanuary 31,20252026 compared with$21,272$25,043 for thesixnine months endedOctoberJanuary 31,2024.2025.
During thesee in full comparisonsixnine months endedOctoberJanuary 31,2024,2025, the net cash used in operating activities was attributed to net loss of$19,414,$28,992, decreased by amortization on mining property rights of$981$1,472 and amortization of note discount of$1,722,$2,583, and increased by net changes in operating assets and liabilities of$4,561.$106.
Full comparison: every changed paragraph (14)
The following summary of our operations should be read in conjunction with our unaudited condensed financial statements for the three months and sixnine months ended OctoberJanuary 31, 20252026 and 2024,2025, which are included herein.
Three Months Ended OctoberJanuary 31, 20252026 and 20242025
During the three months ended OctoberJanuary 31, 20252026 and 2024,2025, the Company did not earn any revenue.
Net loss for the three months ended OctoberJanuary 31, 20252026 was $9,821$9,820 compared to $10,252$9,578 for the three months ended OctoberJanuary 31, 2024.2025. The decreaseincrease in net loss during the three months ended OctoberJanuary 31, 20252026 was due to a decreaseincrease in accountingaudit fees.
SixNine Months Ended OctoberJanuary 31, 20252026 and 20242025
During the sixnine months ended OctoberJanuary 31, 20252026 and 2024,2025, the Company did not earn any revenue.
Net loss for the sixnine months ended OctoberJanuary 31, 20252026 was $20,797$30,599 compared to $19,414$28,992 for the sixnine months ended OctoberJanuary 31, 2024.2025. The increase in net loss during the sixnine months ended OctoberJanuary 31, 20252026 was due to an increase in audit fees.
We had no current assets as of OctoberJanuary 31, 20252026 and April 30, 2025. Our total current liabilities as of OctoberJanuary 31, 20252026 were $337,984$337,045 as compared to total current liabilities of $348,000 as of April 30, 2025. Our working capital deficiency as of OctoberJanuary 31, 20252026 was $337,984$337,045 as compared $348,000 as of April 30, 2025 due to the decrease in accounts payable and accrued liabilities and reclass of loan payable to non-current labilities.
Net cash used in operating activities was $22,860$33,110 for the sixnine months ended OctoberJanuary 31, 20252026 compared with $21,272$25,043 for the sixnine months ended OctoberJanuary 31, 2024.2025.
During the sixnine months ended OctoberJanuary 31, 2025,2026, the net cash used in operating activities was attributed to net loss of $20,797,$30,599, decreased by amortization on mining property rights of $980$1,471 and amortization of note discount of $1,722,$2,293, and increased by net changes in operating assets and liabilities of $4,765.$6,275.
During the sixnine months ended OctoberJanuary 31, 2024,2025, the net cash used in operating activities was attributed to net loss of $19,414,$28,992, decreased by amortization on mining property rights of $981$1,472 and amortization of note discount of $1,722,$2,583, and increased by net changes in operating assets and liabilities of $4,561.$106.
There were no investing activities during the sixnine months ended OctoberJanuary 31, 20252026 and 2024.2025.
During the sixnine months ended OctoberJanuary 31, 20252026 and 2024,2025, net cash from financing activity was $22,860$33,110 and $21,272$25,043 derived from proceed from issuance of convertible notes to unaffiliated party, respectively.
As reflected in the financial statements, the Company had an accumulated deficit of $2,533,812,$2,543,614, and working capital deficit of $337,984$337,045 at OctoberJanuary 31, 2025.2026.
NRHI 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 NRHI (13F)
None of the 59 investors we track reported a position in their latest 13F.