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KHEOBA CORP. (KHOB) reported consolidated results for the nine months ended July 31, 2025 showing revenue of $680,057 and operating net income of $452,488, with 8,092,000 common shares outstanding as of September 15, 2025.
The balance sheet shows total current assets of $789,630 and total current liabilities of $420,890, including accounts payable of $296,962 and income tax payable of $85,844. Right-of-use assets for short-term leases are $43,582 with related lease liabilities of $43,608. The company recorded debt forgiveness transactions totaling $36,680 as an increase to additional paid-in capital, and a loan forgiveness of $15,565 with non-cash equity recognition.
Capitalized website and software development costs are being amortized over three years (total website cost disclosed up to $13,000 with periodic amortization schedules). Revenue is primarily from commissions on software sales, consulting and customization services, with customer concentration (largest customer ~26%). Income tax is applied at 21% generally, with a subsidiary subject to Singapore’s 17% rate.