AIRWA INC.
Business
Airwa Inc. (formerly trading under Slinger Bag) acquired Yuanyu Enterprise Management Co., Limited (YYEM) in 2024 and now operates as a technology licensor in the online matchmaking industry. YYEM owns patented AI-powered matchmaking technology and metaverse patents, which it licenses to local partners in Japan, South Korea, Europe, Sub-Saharan Africa, and other markets to power their dating and marriage platforms. The company also operates a social networking vertical producing content for TikTok in the Middle East and North Africa region through a Multi-Channel Network agreement signed in February 2025.
Summary from 10-K filed 2025-08-13
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-04-30 | FY 2024 2024-04-30 | FY 2023 2023-04-30 | FY 2022 2022-04-30 | FY 2021 2021-04-30 |
|---|---|---|---|---|---|---|
| REVENUE | 13 | 5 | 10 | 16 | 11 | |
| COST OF REVENUE | 3 | 1 | 7 | 12 | 8 | |
| GROSS PROFIT | 10 | 4 | 3 | 4 | 3 | |
| General and administrative expenses | 3 | 164,376 | 23 | 47 | 5 | |
| Total Operating Expenses | 3 | 164,376 | 25 | 51 | 7 | |
| OPERATING INCOME | 7 | 4 | −22 | −47 | −4 | |
| Shares guarantee income | 330,480 | 2 | — | — | — | |
| Interest Income | 65,367 | 14,243 | — | — | — | |
| Total Non-Operating Income | 395,847 | 3 | — | — | — | |
| Loss on financial assets at fair value through profit or loss | −330,484 | −2 | — | — | — | |
| Total Non-Operating Expense | −330,484 | −2 | — | — | — | |
| NET INCOME FROM OPERATIONS BEFORE PROVISION FOR INCOME OPERATIONS AND INCOME TAX EXPENSE | 7 | 4 | −25 | −47 | −19 | |
| NET INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES EXPENSE | 7 | 4 | — | — | — | |
| NET INCOME FROM OPERATIONS BEFORE INCOME TAX EXPENSE | 7 | 4 | −71 | −52 | — | |
| Income tax expense | −2 | −1 | — | — | — | |
| NET INCOME | 5 | 3 | — | — | — | |
| NET LOSS ATTRIBUTABLE TO NON-CONTROLLING INTEREST | −1 | — | — | — | — | |
| NET INCOME ATTRIBUTABLE TO CONTROLLING INTEREST | 3 | 3 | −71 | −52 | −19 | |
| Foreign currency translations adjustment | — | — | 87,550 | 75,132 | −15,134 | |
| Comprehensive income | 5 | 3 | −71 | −52 | −19 | |
| Net income per share - basic | 0.36 | 0.23 | −5,085 | −13.46 | −6.96 | |
| Weighted average common shares outstanding - basic | 13 | 12 | 13,994 | 4 | 3 | |
| Weighted average common shares outstanding - diluted | 13 | 12 | 13,994 | 4 | — |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-04-30 | FY 2024 2024-04-30 | FY 2023 2023-04-30 | FY 2023 2023-01-31 | FY 2022 2022-04-30 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 54,744 | 39,351 | 202,095 | — | 665,002 | |
| Investment | 1 | 2 | — | — | — | |
| Accounts receivable | 15 | 5 | 399,680 | — | 1 | |
| Other current assets | 3 | 488,994 | — | — | — | |
| Total Current Assets | 22 | 10 | 5 | — | 13 | |
| Intangible assets, net of amortization | 11 | 13 | 101,281 | — | 5 | |
| Total Non-Current Assets | 11 | 13 | 2 | — | 62 | |
| TOTAL ASSETS | 33 | 23 | 7 | — | 75 | |
| Accrued expenses | 2 | 120,000 | 5 | — | 4 | |
| Income taxes payable | 3 | 1 | — | — | — | |
| Total Current Liabilities | 6 | 1 | 24 | — | 39 | |
| Total Liabilities | 6 | 1 | 26 | — | 42 | |
| Commitments and contingency | — | — | — | — | — | |
| Common stock, par value, $0.001, 1,000,000,000 and 300,000,000 shares authorized, 14,563,019 and 1,828,541 shares issued and outstanding as of April 30, 2025 and April 30, 2024, respectively | 14,563 | 1,282 | 17 | — | 4,195 | |
| Additional paid in capital | 19 | 19 | 133 | — | 113 | |
| Retained earnings | 6 | 3 | −152 | — | −81 | |
| Total Connexa Sports Technologies Inc. shareholders equity | 25 | 22 | −19 | 12 | 33 | |
| Non-controlling interest | 1 | — | — | — | — | |
| Total Shareholders Equity | 26 | 22 | 3 | — | — | |
| TOTAL LIABILITIES AND SHAREHOLDERS EQUITY | 33 | 23 | 7 | — | 75 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-04-30 | FY 2024 2024-04-30 | FY 2023 2023-04-30 | FY 2022 2022-04-30 | FY 2021 2021-04-30 |
|---|---|---|---|---|---|---|
| Amortization and impairment expense | 3 | 1 | 12 | 43,534 | 2,730 | |
| Loss on Financial Assets at FVTPL | 330,480 | 2 | — | — | — | |
| Accounts receivable | −12 | −3 | −1 | −268,930 | −760,058 | |
| Other current assets | −586,668 | −2 | 1 | −3 | — | |
| Accrued expenses | 2 | 114,235 | — | 1 | 1 | |
| Income taxes payable | 2 | 1 | — | — | — | |
| Stock-based compensation | 62,500 | — | 746,511 | 32 | 70,997 | |
| Net cash (used in)/provided by operating activities | −379,384 | 39,351 | −6 | −12 | −5 | |
| Amount due from related party | −330,480 | −2 | −546,158 | — | −1 | |
| Amount due to related party | 725,261 | 50,145 | — | 2 | 3 | |
| Net cash (used in)/provided by financing activity | 394,781 | −2 | 6 | 14 | 5 | |
| NET INCREASE IN CASH | 15,393 | 39,351 | −462,907 | −250,948 | 848,949 | |
| Amount due from related party | −330,480 | −2 | — | — | — | |
| Amount due to related party | 725,261 | 50,145 | — | — | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is AIRWA INC.'s CIK number?
AIRWA INC.'s SEC CIK number is 0001674440 (1674440). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find AIRWA INC.'s SEC filings?
All of AIRWA INC.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.