NASDAQ: FNGR
FingerMotion, Inc.CIK 0001602409 · SIC 7372 · Prepackaged Software
FingerMotion, Inc. (“FingerMotion,” the “Company,” “we,” “our,” or “us”) is a Delaware holding company. Headquartered in Singapore, the Company provides technology-enabled platforms and services in the People’s Republic of China (“PRC” or “China”, and, unless the context requires otherwise and… About this business →
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FingerMotion prices $0.24/share offering of 3.96M shares plus 12.7M pre-funded warrants; net proceeds $4M
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Revenue collapses 92% to $650,089 on working-capital constraints; convertible
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FingerMotion registers resale of up to 16.5M shares from $5M convertible note; company gets no proceeds
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FingerMotion signs non-binding MOU with BlueFlare to develop edge AI compute network in Canada
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FingerMotion signs non-binding MOU with BlueFlare for AI compute infrastructure in Canada
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FingerMotion announces modular AI edge computing infrastructure expansion
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FingerMotion announces strategic pivot toward AI-HPC and international expansion
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FingerMotion reports 32% revenue decline, 75% gross profit collapse for fiscal 2026
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revenue $24.1M, net income -$7.0M. FingerMotion explores Smart Mobility pivot as revenue falls 32%, cash drops
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Latest financial statements
From 10-Q filed Oct 15, 2026 (period ending Aug 31, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Condensed Consolidated Statements of Comprehensive Loss (Unaudited)
| Description | Three months ended August 31, 2026 | Three months ended August 31, 2025 | Six months ended August 31, 2026 | Six months ended August 31, 2025 |
|---|---|---|---|---|
| Revenue | 281,076 | 8,647,511 | 931,165 | 17,106,254 |
| Cost of revenue | (144,561) | (8,608,771) | (586,172) | (16,914,993) |
| Gross profit | 136,515 | 38,740 | 344,993 | 191,261 |
| Amortization & depreciation | (200,514) | (7,766) | (398,106) | (18,319) |
| General & administrative expenses | (1,353,610) | (1,387,466) | (2,590,156) | (2,897,892) |
| Marketing cost | (351) | (18,836) | (48,380) | (30,942) |
| Research & development | (55,028) | (77,540) | (111,308) | (250,192) |
| Credit impairment (loss) gain | (3,980,797) | 71,198 | (4,503,743) | (236,769) |
| Stock based compensation expenses | (75,647) | (107,750) | (156,813) | (235,497) |
| Total operating expenses | (5,665,947) | (1,528,160) | (7,808,506) | (3,669,611) |
| Net loss from operations | (5,529,432) | (1,489,420) | (7,463,513) | (3,478,350) |
| Other income (expense): | ||||
| Change in fair value of derivative liabilities | 1,184,221 | — | 1,184,221 | — |
| Amortization of debt discount | (626,505) | — | (671,272) | — |
| Interest income | 5,367 | 4,573 | 10,349 | 9,710 |
| Interest expense | (29,851) | (40,248) | (63,908) | (92,129) |
| Exchange gain (loss) | (3,693) | (14,470) | (5,554) | (10,709) |
| Other income (loss) | 20,125 | (9,959) | 20,125 | (807) |
| Total other income (expense) | 549,664 | (60,104) | 473,961 | (93,935) |
| Net loss before income tax | (4,979,768) | (1,549,524) | (6,989,552) | (3,572,285) |
| Income tax expenses | — | — | — | — |
| Net loss | (4,979,768) | (1,549,524) | (6,989,552) | (3,572,285) |
| Less: Net loss attributable to the non-controlling interest | (47,529) | (8,514) | (56,986) | (22,719) |
| Net loss attributable to the Company’s stockholders | (4,932,239) | (1,541,010) | (6,932,566) | (3,549,566) |
| Other comprehensive income (loss): | ||||
| Foreign currency translation adjustments | 50,803 | 129,045 | 240,477 | 281,354 |
| Comprehensive loss | (4,881,436) | (1,411,965) | (6,692,089) | (3,268,212) |
| Less: Comprehensive (loss) income attributable to non-controlling interest | (1) | — | (617) | 542 |
| Comprehensive loss attributable to the Company | (4,881,435) | (1,411,965) | (6,691,472) | (3,268,754) |
| NET LOSS PER SHARE | ||||
| Loss Per Share Basic | (0.08) | (0.03) | (0.11) | (0.06) |
| Loss Per Share Diluted | (0.08) | (0.03) | (0.11) | (0.06) |
| NET LOSS PER SHARE ATTRIBUTABLE TO THE COMPANY | ||||
| Loss Per Share Basic | (0.08) | (0.03) | (0.11) | (0.06) |
| Loss Per Share Diluted | (0.08) | (0.03) | (0.11) | (0.06) |
| Weighted Average Common Stock Outstanding Basic | 63,037,312 | 59,408,429 | 62,159,310 | 58,349,151 |
| Weighted Average Common Stock Outstanding Diluted | 63,037,312 | 59,408,429 | 62,159,310 | 58,349,151 |
Condensed Consolidated Balance Sheets (Unaudited)
| Description | August 31, 2026 | February 28, 2026 |
|---|---|---|
| ASSETS | ||
| Current Assets | ||
| Cash and cash equivalents | 2,135,825 | 68,596 |
| Restricted cash | 3,000,000 | — |
| Accounts receivable, net | 40,900,075 | 44,832,946 |
| Inventories | 326,407 | 258,159 |
| Prepayment and deposit | 5,003,389 | 4,800,636 |
| Other receivables | 1,776,098 | 1,811,226 |
| Total Current Assets | 53,141,794 | 51,771,563 |
| Non-current Assets | ||
| Equipment | 63,521 | 28,366 |
| Intangible assets | 1,637,517 | 2,030,291 |
| Right-of-use asset | 244,405 | 19,201 |
| Investment | 500,000 | — |
| Deferred tax asset | 7,124,454 | 6,996,568 |
| Total Non-current Assets | 9,569,897 | 9,074,426 |
| TOTAL ASSETS | 62,711,691 | 60,845,989 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current Liabilities | ||
| Accounts payable | 35,221,119 | 34,412,906 |
| Accrual and other payables | 9,422,985 | 10,678,667 |
| Loan payable, current portion | 576,233 | 576,233 |
| Convertible note payable, current portion | 2,955,705 | — |
| Derivative liabilities Conversion | 2,357,445 | — |
| Derivative liabilities Warrant | 708,334 | — |
| Lease liability, current portion | 72,606 | 10,604 |
| Total Current Liabilities | 51,314,427 | 45,678,410 |
| Non-current Liabilities | ||
| Lease liability, non-current portion | 185,063 | — |
| Deferred tax liabilities | 18,361 | 18,002 |
| Total Non-current Liabilities | 203,424 | 18,002 |
| TOTAL LIABILITIES | 51,517,851 | 45,696,412 |
| STOCKHOLDERS’ EQUITY | ||
| Preferred stock, par value $.0001 per share; Authorized 1,000,000 shares; issued and outstanding -0- shares. | — | — |
| Common Stock, par value $.0001 per share; Authorized 200,000,000 shares; issued and outstanding 85,162,686 shares and 61,281,308 issued and outstanding at August 31, 2026 and February 28, 2026 respectively | 8,517 | 6,129 |
| Additional paid-in capital | 61,215,300 | 54,652,121 |
| Stock subscription receivable | (4,000,000) | — |
| Additional paid-in capital stock options | 2,026,429 | 1,798,658 |
| Accumulated deficit | (48,117,720) | (41,185,154) |
| Accumulated other comprehensive income | 156,373 | (84,104) |
| Stockholders’ equity before non-controlling interests | 11,288,899 | 15,187,650 |
| Non-controlling interests | (95,059) | (38,073) |
| TOTAL STOCKHOLDERS’ EQUITY | 11,193,840 | 15,149,577 |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | 62,711,691 | 60,845,989 |
Condensed Consolidated Statements of Cash Flows (Unaudited)
| Description | Six months ended August 31, 2026 | Six months ended August 31, 2025 |
|---|---|---|
| Net loss | (6,989,552) | (3,572,285) |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | ||
| Stock based compensation expenses | 156,813 | 235,497 |
| Amortization and depreciation | 398,106 | 18,319 |
| Provision for expected credit losses | 4,503,743 | 236,770 |
| Change in value of derivative liabilities | (1,184,221) | — |
| Amortization of debt discount | 671,272 | — |
| Gain on disposal of equipment | — | 31 |
| Change in operating assets and liabilities: | ||
| Decrease (increase) in accounts receivable, net | 267,149 | (4,610,390) |
| (Increase) decrease in prepayment and deposit | (40,548) | 1,531,103 |
| Decrease (increase) in others receivable | 70,433 | (425,360) |
| (Increase) decrease in inventories | (62,357) | 15,187 |
| Increase in accounts payable | 120,272 | 3,278,687 |
| (Decrease) increase in accrual and other payables | (1,423,163) | 209,687 |
| Increase (decrease) due to lease liability | 21,774 | (3,495) |
| Net Cash used in operating activities | (3,490,279) | (3,086,249) |
| Cash flows from investing activities | ||
| Purchase of equipment | (39,505) | (1,826) |
| Net cash (used in) investing activities | (39,505) | (1,826) |
| Cash flows from financing activities | ||
| Repayment of loan payable | — | (751,122) |
| Proceeds from convertible promissory note | 5,600,000 | — |
| Proceeds from issuance of common stock | — | 2,956,615 |
| Net cash provided by financing activities | 5,600,000 | 2,205,493 |
| Effect of exchange rates on cash and cash equivalents | (2,987) | (23,717) |
| Net change in cash | 2,067,229 | (906,299) |
| Cash at beginning of period | 68,596 | 1,128,135 |
| Cash and restricted cash at end of period | 2,135,825 | 221,836 |
| Supplemental disclosures of cash flow information: | ||
| Interest paid | 735,180 | 92,129 |
| Supplemental disclosures of non-cash investing and financing activities: | ||
| Shares issued for conversion of convertible debt | 2,065,567 | — |
| Common stock issued for professional service | — | 56,763 |
| Conversion of customer deposit to shares | — | 1,400,000 |
| Common stock issued for acquisition of 9.9% equity interest of Lyken | 500,000 | — |
Amounts as printed on the EDGAR/iXBRL face. Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗
About FingerMotion, Inc.
Source: Item 1 (Business) from the 10-K filed May 29, 2026. Description as filed by the company with the SEC.
ITEM 1. BUSINESS
Company Overview
FingerMotion, Inc. (“FingerMotion,”
the “Company,” “we,” “our,” or “us”) is a Delaware holding
company. Headquartered in Singapore, the Company provides technology-enabled platforms and services in the People’s Republic of
China (“PRC” or “China”, and, unless the context requires otherwise and solely for the purpose of
this Annual Report such as describing legal or tax matters, authorities, entities, or persons, excludes Hong Kong Special Administrative
Region, Macao Special Administrative Region and Taiwan) and selected international markets. The Company’s offerings include mobile
payment and recharge solutions, data analytics services, and platform-based digital applications and solutions.
The Company operates through its subsidiaries
and contractual arrangements with affiliated entities in the PRC, including its variable interest entity (“VIE”), through
which it conducts a substantial portion of its operations. These contractual arrangements are intended to provide the Company with effective
control over, and the ability to receive economic benefits from, the VIE. Its business model focuses on delivering transaction-based services,
platform solutions, and data-driven applications to telecommunications carriers, enterprise customers, and other commercial partners.
For a description of the contractual arrangements and the related risks, see “