SEC Info - Eventiko Inc. - ‘10-Q’ for 7/31/22

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		Alternative Formats (Word, et al.) Balance Sheets Controls and Procedures Defaults Upon Senior Securities Exhibits Financial Information Financial Statements (Unaudited) Legal Proceedings Management's Discussion and Analysis of Financial Condition and Results of Operations Mine safety disclosures Notes to the Financial Statements Other Information Quantitative and Qualitative Disclosures About Market Risk Signatures Statement of Stockholders' Equity Statements of Cash Flows Statements of Operations Table of Contents Unregistered Sales of Equity Securities and Use of Proceeds
1	1st Page – Filing Submission
"	Table of Contents
"	Financial Information
"	Financial Statements (Unaudited)
"	Balance Sheets
"	Statements of Operations
"	Statement of Stockholders' Equity
"	Statements of Cash Flows
"	Notes to the Financial Statements
"	Management's Discussion and Analysis of Financial Condition and Results of Operations
"	Unregistered Sales of Equity Securities and Use of Proceeds
"	Quantitative and Qualitative Disclosures About Market Risk
"	Controls and Procedures
"	Other Information
"	Legal Proceedings
"	Defaults Upon Senior Securities
"	Mine safety disclosures
"	Exhibits
"	Signatures

i 0001816554 i false i --04-30 i 2023 i Q1 i i i i i i i i i i i i i i i i i i 0001816554 2022-05-01 2022-07-31 0001816554 2022-07-31 0001816554 2022-04-30 0001816554 2021-05-01 2021-07-31 0001816554 us-gaap:CommonStockMember 2020-02-18 0001816554 us-gaap:AdditionalPaidInCapitalMember 2020-02-18 0001816554 us-gaap:RetainedEarningsMember 2020-02-18 0001816554 2020-02-18 0001816554 us-gaap:CommonStockMember 2020-02-19 2020-04-30 0001816554 us-gaap:AdditionalPaidInCapitalMember 2020-02-19 2020-04-30 0001816554 us-gaap:RetainedEarningsMember 2020-02-19 2020-04-30 0001816554 2020-02-19 2020-04-30 0001816554 us-gaap:CommonStockMember 2020-04-30 0001816554 us-gaap:AdditionalPaidInCapitalMember 2020-04-30 0001816554 us-gaap:RetainedEarningsMember 2020-04-30 0001816554 2020-04-30 0001816554 us-gaap:CommonStockMember 2020-05-01 2021-04-30 0001816554 us-gaap:AdditionalPaidInCapitalMember 2020-05-01 2021-04-30 0001816554 us-gaap:RetainedEarningsMember 2020-05-01 2021-04-30 0001816554 2020-05-01 2021-04-30 0001816554 us-gaap:CommonStockMember 2021-04-30 0001816554 us-gaap:AdditionalPaidInCapitalMember 2021-04-30 0001816554 us-gaap:RetainedEarningsMember 2021-04-30 0001816554 2021-04-30 0001816554 us-gaap:CommonStockMember 2021-05-01 2022-04-30 0001816554 us-gaap:AdditionalPaidInCapitalMember 2021-05-01 2022-04-30 0001816554 us-gaap:RetainedEarningsMember 2021-05-01 2022-04-30 0001816554 2021-05-01 2022-04-30 0001816554 us-gaap:CommonStockMember 2022-04-30 0001816554 us-gaap:AdditionalPaidInCapitalMember 2022-04-30 0001816554 us-gaap:RetainedEarningsMember 2022-04-30 0001816554 us-gaap:CommonStockMember 2022-05-01 2022-07-31 0001816554 us-gaap:AdditionalPaidInCapitalMember 2022-05-01 2022-07-31 0001816554 us-gaap:RetainedEarningsMember 2022-05-01 2022-07-31 0001816554 us-gaap:CommonStockMember 2022-07-31 0001816554 us-gaap:AdditionalPaidInCapitalMember 2022-07-31 0001816554 us-gaap:RetainedEarningsMember 2022-07-31 0001816554 2021-07-31 0001816554 srt:DirectorMember 2020-02-20 2020-02-21 0001816554 EVTK:FourShareholdersMember 2021-10-01 2021-10-31 0001816554 EVTK:ThirtyShareholdersMember 2020-11-01 2021-01-31 iso4217:USD xbrli:shares iso4217:USD xbrli:shares xbrli:pure

i ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

i ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Indicate by checkmark whether the issuer: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. i ☒

Indicate by checkmark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). i Yes ☒ No ☐

See accompanying notes, which are an integral part of these financial statements

Statements made in this Form 10-Q that are not historical or current facts are "forward-looking statements" made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 (the "Act") and Section 21E of the Securities Exchange Act of 1934. These statements often can be identified by the use of terms such as "may," "will," "expect," "believe," "anticipate," "estimate," "approximate" or "continue," or the negative thereof. We intend that such forward-looking statements be subject to the safe harbors for such statements. We wish to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Any forward-looking statements represent management's best judgment as to what may occur in the future. However, forward-looking statements are subject to risks, uncertainties and important factors beyond our control that could cause actual results and events to differ materially from historical results of operations and events and those presently anticipated or projected. We disclaim any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statement or to reflect the occurrence of anticipated or unanticipated events.

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION

At present, we have no employees other than our officer and director. We presently do not have pension, health, annuity, insurance, stock options, profit sharing or similar benefit plans; however, we may adopt such plans in the future. There are presently no personal benefits available to any officers, directors or employees.

Our financial statements have been prepared assuming that we will continue as a going concern and, accordingly, do not include adjustments relating to the recoverability and realization of assets and classification of liabilities that might be necessary should we be unable to continue in operation.

We expect we will require additional capital to meet our long term operating requirements. We expect to raise additional capital through, among other things, the sale of equity or debt securities.

Our operating expenses for the three months ended July 31, 2022 and three months ended July 31, 2021 are summarized as follows:

We have incurred expenses of $2,252 and $2,894 for professional fees and incorporation fees.

Our total current assets as of July 3, 2022 and April 30, 2022 were $(42) and $20,147. Our total current liabilities as of July 31, 2022 were $(17,617) as compared to total current liabilities $(10,115) of as of April 30, 2022. The increase in current liabilities was attributed to director loan and paying company’s expenses mainly professional fees.

We used cash of $(9,314) and $(2,894) for operating activities for three months ended July 31, 2022 and 2021.

We have financed our operations primarily from either advancements or the issuance of equity and related party advances.

For the three months ended July 31, 2022, net cash from financing activities was $7,372 consisting of director loan;

For the three months ended July 31, 2021, net cash from financing activities was $1,591 consisting of director loan.

We expect that working capital requirements will continue to be funded through a combination of our existing funds and further issuances of securities. Our working capital requirements are expected to increase in line with the growth of our business.

Existing working capital, further advances and debt instruments, and anticipated cash flow are expected to be adequate to fund our operations over the next six months. We have no lines of credit or other bank financing arrangements. Generally, we have financed operations to date through the proceeds of the private placement of equity and debt instruments. In connection with our business plan, management anticipates additional increases in operating expenses and capital expenditures relating to: (i) acquisition of inventory; (ii) developmental expenses associated with a start-up business; and (iii) marketing expenses. We intend to finance these expenses with further issuances of securities, and debt issuances. Thereafter, we expect we will need to raise additional capital and generate revenues to meet long-term operating requirements. Additional issuances of equity or convertible debt securities will result in dilution to our current shareholders. Further, such securities might have rights, preferences or privileges senior to our common stock. Additional financing may not be available upon acceptable terms, or at all. If adequate funds are not available or are not available on acceptable terms, we may not be able to take advantage of prospective new business endeavors or opportunities, which could significantly and materially restrict our business operations. We will have to raise additional funds in the next twelve months in order to sustain and expand our operations. We currently do not have a specific plan of how we will obtain such funding; however, we anticipate that additional funding will be in the form of equity financing from the sale of our common stock. We have and will continue to seek to obtain short-term loans from our directors, although no future arrangement for additional loans has been made. We do not have any agreements with our directors concerning these loans. We do not have any arrangements in place for any future equity financing.

As of the date of this Quarterly Report, we do not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to investors.

The financial statements have been prepared "assuming that we will continue as a going concern," which contemplates that we will realize our assets and satisfy our liabilities and commitments in the ordinary course of business.

Our management is responsible for establishing and maintaining a system of disclosure controls and procedures (as defined in Rule 13a-15(e) and 15d-15(e) under the Exchange Act) that is designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the Commission’s rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by an issuer in the reports that it files or submits under the Exchange Act is accumulated and communicated to the issuer’s management, including its principal executive officer or officers and principal financial officer or officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.

An evaluation was conducted under the supervision and with the participation of our management of the effectiveness of the design and operation of our disclosure controls and procedures as of July 31, 2022. Based on that evaluation, our management concluded that our disclosure controls and procedures were not effective as of such date to ensure that information required to be disclosed in the reports that we file or submit under the Exchange Act, is recorded, processed, summarized and reported within the time periods specified in SEC rules and forms. Such officer also confirmed that there was no change in our internal control over financial reporting during the three-months period ended July 31, 2022 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

Management is not aware of any legal proceedings contemplated by any governmental authority or any other party involving us or our properties. As of the date of this Quarterly Report, no director, officer or affiliate is (i) a party adverse to us in any legal proceeding, or (ii) has an adverse interest to us in any legal proceedings. Management is not aware of any other legal proceedings pending or that have been threatened against us or our properties.

In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Title of Each Class	Trading Symbol	Name of Each Exchange on Which Registered
N/A	N/A	N/A

Large accelerated filer ☐	Accelerated filer ☐
i Non-accelerated filer ☒	Smaller reporting company i ☒
	Emerging Growth Company i ☒

	July 31, 2022			April 30, 2022
	(Unaudited)			(Audited)
ASSETS
Current Assets
Cash and cash equivalents	$	i –		$	i 1,899
Total Current assets		i –			i 1,899

Total Assets	$	i –		$	i 1,899

LIABILITIES & STOCKHOLDERS' EQUITY
Liabilities
Bank overdraft	$	i 42		$	i –
Accrued Expenses		i 550			i 754
Related Party Loans		i 17,067			i 9,694
Total Current liabilities		i 17,659			i 10,448

Stockholders’ Equity
Common stock, $ i i 0.0001 / par value, i i 75,000,000 / shares authorized; i i i i 4,192,500 / / / shares issued and outstanding;		i 419			i 419
Additional paid in capital		i 23,731			i 23,731
Accumulated deficit		( i 41,809	)		( i 32,699	)
Total Stockholders’ Equity		( i 17,659	)		( i 8,549	)

Total Liabilities and Stockholders’ Equity	$	i –		$	i 1,899

	Three Months Ended July 31, 2022			Three Months Ended July 31, 2021

Revenue	$	i –		$	i –

General and administrative expenses		i 9,110			i 2,252

Total operating expenses		( i 9,110	)		( i 2,252	)


Net income (loss) from operations	$	( i 9,110	)	$	( i 2,252	)
Provisions from Income Taxes		i –			i –
NET INCOME (LOSS)	$	( i 9,110	)	$	( i 2,252	)
Net Loss per common share:
Basic and Diluted	$	( i i 0.00 /	)	$	( i i 0.00 /	)

Weighted Average Number of Common Shares Outstanding:
Basic and Diluted		i i 4,192,500 /			i i 4,192,500 /

	Three Months Ended July 31, 2022				Three Months Ended July 31, 2021
Operating Activities
Net income (loss)		$	( i 9,110	)		$	( i 2,252	)
Accrued Expenses			( i 203	)
Adjustments to reconcile net loss to net cash in operating activities			–				–
Increase in bank overdraft			i 42				–
Net cash used in operating activities			( i 9,271	)			( i 2,252	)


Financing Activities
Related party loans			i 7,372				i 1,591
Proceeds from sale of common stock			i –				i –
Net cash provided by financing activities			i 7,372				i 1,591

Net increase in cash and equivalents			( i 1,899	)			( i 660	)

Cash and equivalents at beginning of the period			i 1,899				i 20,808

Cash and equivalents at end of the period		$	i –			$	i 20,147

Supplemental cash flow information:
Cash paid for:
Interest		$	i –			$	i –
Taxes		$	i –			$	i –

Eventiko Inc. – ‘10-Q’ for 7/31/22

On: Tuesday, 8/23/22, at 3:57pm ET · For: 7/31/22 · Accession #: 1683168-22-6018 · File #: 333-239589

Previous ‘10-Q’: ‘10-Q’ on 3/1/22 for 1/31/22 · Next: ‘10-Q’ on 11/28/22 for 10/31/22 · Latest: ‘10-Q’ on 2/26/24 for 1/31/24

Quarterly Report — Form 10-Q

Filing Table of Contents

‘10-Q’ — Quarterly Report

Document Table of Contents

This is an HTML Document rendered as filed. [ Alternative Formats ]

Dates Referenced Herein and Documents Incorporated by Reference

PART 1	FINANCIAL INFORMATION
Item 1	Financial Statements (Unaudited)	3
	Balance Sheets	3
	Statements of Operations	4
	Statement of Stockholders’ Equity	5
	Statements of Cash Flows	6
	Notes to the Financial Statements	7
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	11
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	13
Item 4.	Controls and Procedures	13

PART II.	OTHER INFORMATION
Item 1	Legal Proceedings	14
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	14
Item 3	Defaults Upon Senior Securities	14
Item 4	Mine safety disclosures	14
Item 5	Other Information	14
Item 6	Exhibits	14
	Signatures	15

•	Identification of the contract, or contracts, with customer;
•	Identification of the performance obligations in the contract;
•	Determination of the transaction price;
•	Allocation of the transaction price to the performance obligations in the contract; and
•	Recognition of revenue when, or as, we satisfy performance obligation.

	At July 31, 2022			At April 30, 2022
Current assets	$	(42	)	$	20,147
Current liabilities		(17,617	)		(10,115	)
Working capital	$	(17,659	)	$	10,032

31.1		Certification of Chief Executive Officer pursuant to Securities Exchange Act of 1934 Rule 13a-14(a) or 15d-14(a).
31.2		Certification of Chief Financial Officer pursuant to Securities Exchange Act of 1934 Rule 13a-14(a) or 15d-14(a)
32.1		Section 1350 Certifications
101.INS		Inline XBRL Instance Document (the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document)
101.SCH		Inline XBRL Taxonomy Extension Schema Document
101.CAL		Inline XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF		Inline XBRL Taxonomy Extension Definition Linkbase Document
101.LAB		Inline XBRL Taxonomy Extension Label Linkbase Document
101.PRE		Inline XBRL Taxonomy Extension Presentation Linkbase Document
104		Cover Page Interactive Data File (formatted in IXBRL, and included in exhibit 101).

This ‘10-Q’ Filing	Date	Other Filings

Filed on:	8/23/22
For Period end:	7/31/22
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	7/31/21	10-Q
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