Issue 004 | U.S. Pilot | US

YYAI

AIRWA INC.

Screen state: Passing Source state: Verified 10-Q | 2026-03-17 Filing currency: USD

Open Filing Back to Register Report a correction

Internal NCAV Discount 85.6%

GNNI internal NCAV discount calculation. Market context inputs are retained internally and are not displayed.

Current Assets: 61,997,941USD
Total Liabilities: 12,335,491USD
NCAV: 49,662,450USD
Cash: 35,711,613USD
NCAV per share: 1.18USD/share
Evidence: 9 annual | 20 quarterly

Mary filing review

Financial Statement Evidence

Deterministic observations from the frozen Mary Reason Card. They annotate filing evidence and do not determine screen inclusion.

Evaluated: 12
Triggered: 3
Unavailable: 7

Requires inspection High NCAV Burn since the previous filing 49,662,450

Latest: 49,662,4502026-01-31
Comparison: 156,364,6912025-10-31
Change: -68.2%

Basis: NCAV burn since previous filing >= 10%; previous NCAV must be positive

Source periods: SEC 10-Q 2026-01-31 · 0001493152-26-010626; REPORTED_FILING 10-Q 2025-10-31

Supporting observation Positive OCF 3,821,452

Latest: 3,821,4522026-01-31
Comparison: n/a
Change: n/a

Basis: latest reporting-period cash from operations > 0

Source periods: SEC 10-Q 2026-01-31 · 0001493152-26-010626

Supporting observation Current Ratio > 1.5 5.03

Latest: 5.032026-01-31
Comparison: 1.5
Change: n/a

Basis: current assets / current liabilities; strong if > 1.5

Source periods: SEC 10-Q 2026-01-31 · 0001493152-26-010626

7 unavailable checks — inspect missing inputs

High Debt (short-term debt + long-term debt) / ordinary equity >= 50%

Low Debt (short-term debt + long-term debt) / ordinary equity < 20%

Material 1Y Share Increase 1Y share change >= +2% using the same share-count source

NCAV Growing equivalent prior-year NCAV change >= +2%; both NCAV values must be positive

No Material 1Y Share Increase 1Y share change > -2% and <= +1% using the same share-count source

Non-Positive Equity ordinary shareholders equity <= 0

Share Count Reduced 1Y share change <= -2% using the same share-count source

Business Profile

Published only when a substantive filing-text profile has been prepared for this issue.

Not available for this issue.

A substantive filing-text profile was not prepared for this company. Financial statement evidence and filing links remain available above for direct inspection.

Historical values can be viewed as reported in each filing or normalized to the latest verified split basis. These are measurement aids, not conclusions about a company.

Policy: normalize_to_latest_verified_split_basis | quality: verified

Display basis Normalized to latest verified split basis As reported in each filing

Metric	2026-01-31 10-Q Open filing	2025-10-31 10-Q Open filing	2025-07-31 10-Q Open filing	2025-04-30 10-K Open filing	2025-01-31 10-Q Open filing	2024-10-31 10-Q Open filing	2024-07-31 10-Q Open filing	2024-04-30 10-K Open filing	2024-01-31 10-Q Open filing	2023-10-31 10-Q Open filing	2023-07-31 10-Q Open filing	2023-04-30 10-K Open filing	2023-01-31 10-Q Open filing	2022-10-31 10-Q Open filing	2022-07-31 10-Q Open filing	2022-04-30 10-K Open filing	2022-01-31 10-Q Open filing	2021-10-31 10-Q Open filing	2021-07-31 10-Q Open filing	2021-04-30 10-K Open filing	2020-04-30 10-K Open filing	2019-04-30 10-K Open filing	2018-04-30 10-K Open filing	2017-04-30 10-K Open filing
Period-end Shares Outstanding	42,142,43242,142,432	18,981,53518,981,535	291,26014,563,019	291,26014,563,019	291,26114,563,026	128,7096,435,454	53,1832,659,149	36,5711,828,541	20620,572,447	12,372,803	0528,297	013,543,155	013,543,155	013,230,416	010,257,986	04,194,836	041,888,372	041,869,622	029,979,573	027,642,828	024,749,354	06,095,000	06,155,000	05,220,000
Weighted-average Basic Shares	32,723,17032,723,170	4,163,7584,163,758	291,26014,563,023	257,93712,896,848	137,9506,897,480	79,8463,992,310	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	010,436,727	09,022,466	07,026,109	03,847,672	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	05,812,301	05,004,054
Weighted-average Diluted Shares	32,723,17032,723,170	4,163,7584,163,758	291,26014,563,023	257,93712,896,848	149,7497,487,469	79,8463,992,310	44,1172,205,834	9,640482,005	7693,092	0693,092	0438,354	011,195,345	n/an/a	09,022,466	07,026,109	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	06,098,452	n/an/a	n/an/a
Basic EPS	-0-0	00	00	00	11	-1-1	-2-2	-32-32	2323	-23-23	-2-2	-6-6	-6-6	-2-2	-1-1	-13-13	-12-12	-12-12	-1-1	-7-7	n/an/a	n/an/a	n/an/a	n/an/a
Diluted EPS	-0-0	00	n/an/a	n/an/a	11	-1-1	-2-2	-32-32	2323	-23-23	-2-2	-6-6	246246	-2-2	-1-1	-13-13	n/an/a	-12-12	-1-1	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a
Basic-to-Diluted Share Difference	0.0%	0.0%	0.0%	0.0%	8.6%	0.0%	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	0.0%	0.0%	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence
Net Share Count Change	122.0%	6417.0%	0.0%	-0.0%	126.3%	142.0%	45.4%	17676.6%	25910.3%	349.1%	1640.8%	0.0%	2.4%	29.0%	144.5%	-90.0%	1900.9%	39.7%	8.5%	11.7%	306.1%	-1.0%	17.9%	Insufficient evidence
Ownership Claim Change	-55.0%	-98.5%	0.0%	0.0%	-55.8%	-58.7%	-31.2%	-99.4%	-99.6%	-77.7%	-94.3%	0.0%	-2.3%	-22.5%	-59.1%	898.6%	-95.0%	-28.4%	-7.8%	-10.5%	-75.4%	1.0%	-15.2%	Insufficient evidence

Verified split events: reverse 20.0 on 2022-02-22; reverse 1.0351648351648353 on 2023-09-25; reverse 10.777777777777779 on 2023-09-25; reverse 40.0 on 2023-09-25; reverse 30.0 on 2023-12-12; reverse 10.0 on 2024-04-30; reverse 10.0 on 2024-06-27; reverse 20.0 on 2024-06-27; reverse 50.0 on 2025-10-27

Known Unknowns

Medium | Share Count

The current U.S. Pilot does not yet evaluate share-count trends or post-filing dilution beyond Mary's screening flags.

Low | Classification

U.S. Pilot rows are surfaced for source inspection and may still need manual business classification review.

Annual Financials

Latest annual periods, newest first. Missing cells render as n/a.

Metric	2025-04-30 10-K USD	2024-04-30 10-K USD	2023-04-30 10-K USD	2022-04-30 10-K USD	2021-04-30 10-K USD	2020-04-30 10-K USD	2019-04-30 10-K USD	2018-04-30 10-K USD	2017-04-30 10-K USD
Revenue	12,818,182	8,398,049	9,922,799	16,831,477	10,804,214	686,179	0	13,240	14,700
Operating Income	6,579,857	-6,443,155	-21,958,775	-51,927,738	-3,726,537	-6,917,221	-28,289	-7,780	3,792
Net Income	3,491,287	-15,636,418	-71,153,685	-51,773,652	-18,594,760	-9,227,744	-28,289	-7,780	3,792
Cash From Operations	-379,384	-3,001,433	-6,365,389	-11,463,464	-4,517,457	-4,208,274	-27,788	-9,088	9,270
Capex	n/a	n/a	n/a	n/a	n/a	n/a	n/a	-3,000	-3,000
Free Cash Flow	n/a	n/a	n/a	n/a	n/a	n/a	n/a	-12,088	6,270
Cash And Equivalents	54,744	229,705	202,095	1,424,360	928,796	79,847	1,994	20,782	15,970
Accounts Receivable	15,388,701	273,874	399,680	1,322,370	762,487	n/a	n/a	n/a	n/a
Inventory	n/a	1,609,196	3,189,766	8,185,144	3,693,216	919,644	n/a	n/a	n/a
Total Current Assets	22,396,159	19,621,624	4,991,500	12,826,096	5,584,659	1,381,001	2,639	21,427	n/a
Total Assets	32,905,794	21,622,624	7,107,572	74,862,946	5,697,512	1,381,001	5,123	26,511	19,365
Total Current Liabilities	6,487,171	12,022,810	23,767,491	38,980,522	24,137,779	4,486,917	11,314	3,213	n/a
Total Liabilities	6,487,171	12,022,810	25,721,333	42,351,014	24,148,256	6,374,831	5,123	3,213	6,987
Shareholders Equity	25,276,463	9,599,814	-18,613,761	32,511,932	-18,450,744	-4,993,830	-6,191	23,298	12,378
Shares Outstanding	291,260	53,183	339	105	0	0	0	1	1
Shares Outstanding Diluted	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Weighted Avg Shares Diluted	257,937	232,216	280	96	3	3	3	1	n/a
Weighted Avg Shares Basic	257,937	232,216	280	96	3	3	3	1	1
Net Share Count Change (Normalized)	-0.0%	17676.6%	0.0%	-90.0%	11.7%	306.1%	-1.0%	17.9%	Insufficient evidence
Ownership Claim Change (Normalized)	0.0%	-99.4%	0.0%	898.6%	-10.5%	-75.4%	1.0%	-15.2%	Insufficient evidence

Quarterly Financials

Latest quarterly periods, newest first. Periods are shown only when Data Vault has them.

Metric	2026-01-31 10-Q USD	2025-10-31 10-Q USD	2025-07-31 10-Q USD	2025-04-30 10-K USD	2025-01-31 10-Q USD	2024-10-31 10-Q USD	2024-07-31 10-Q USD	2024-04-30 10-K USD	2024-01-31 10-Q USD	2023-10-31 10-Q USD	2023-07-31 10-Q USD	2023-04-30 10-K USD	2023-01-31 10-Q USD	2022-10-31 10-Q USD	2022-07-31 10-Q USD	2022-04-30 10-K USD	2022-01-31 10-Q USD	2021-10-31 10-Q USD	2021-07-31 10-Q USD	2021-04-30 10-K USD
Revenue	6,973,064	3,000,000	3,000,000	8,479,012	3,272,727	361,544	704,899	912,341	2,069,559	2,295,918	3,120,231	2,289,859	1,605,783	3,954,379	4,946,449	4,691,617	4,201,745	5,400,542	2,537,573	3,495,513
Operating Income	-1,566,071	54,684	1,491,383	10,672,657	530,291	-1,367,896	-3,255,195	-1,120,970	-2,193,122	-1,274,399	-1,854,664	-9,509,807	-1,040,617	-6,423,629	-4,984,722	-11,161,683	-3,171,255	-35,104,078	-2,490,722	-1,066,201
Net Income	-1,615,516	-221,774	1,260,931	9,489,385	-411,209	-1,366,144	-4,220,745	-12,779,144	-3,772,628	1,762,119	-846,765	-6,983,912	-48,879,775	-11,023,567	-4,266,431	-7,142,859	-2,370,124	-38,825,357	-3,435,312	-13,405,522
Cash From Operations	35,711,198	-30,805,937	-1,083,809	-423,743	41,633	75,372	-72,646	-252,987	-2,100,390	-915,254	267,198	480,421	-349,219	-3,191,263	-3,305,328	-3,680,366	-1,783,665	-5,894,750	-104,683	-1,378,171
Capex	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Free Cash Flow	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Cash And Equivalents	35,711,613	105,508,149	52,693	54,744	83,710	1,642,969	1,711,283	229,705	17,192,733	285,861	386,459	202,095	316,750	465,017	1,602,282	1,424,360	1,082,446	1,747,661	1,013,309	928,796
Total Current Assets	61,997,941	163,110,067	24,972,762	22,396,159	19,460,543	19,582,761	21,184,400	19,621,624	19,744,510	3,462,609	4,583,187	4,991,500	5,942,417	8,048,471	12,616,416	12,826,096	15,194,459	13,194,723	7,893,537	5,584,659
Total Liabilities	12,335,491	6,745,376	7,058,612	6,487,171	4,073,761	13,542,980	13,747,072	12,022,810	17,700,184	19,861,252	24,953,459	25,721,333	31,212,005	31,897,802	26,358,354	42,351,014	28,927,515	24,908,155	22,837,945	24,148,256
Shares Outstanding	42,095,538	18,981,535	291,260	291,260	291,261	291,261	128,709	36,571	222	1	0	0	339	331	256	105	0	0	0	0
Shares Outstanding Diluted	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Weighted Avg Shares Diluted	32,723,170	4,163,758	291,260	761,087	291,260	291,260	232,216	11,610,817	9	83,747	11	339	332	3	176	3,847,672	105	5	4	3
Weighted Avg Shares Basic	32,723,170	4,163,758	291,260	630,033	291,260	291,260	232,216	11,610,817	9	0	11	339	332	3	176	3,847,672	105	5	4	3
Net Share Count Change (Normalized)	122.0%	6417.0%	0.0%	-0.0%	126.3%	142.0%	45.4%	17676.6%	25910.3%	349.1%	1640.8%	0.0%	2.4%	29.0%	144.5%	-90.0%	1900.9%	39.7%	8.5%	11.7%
Ownership Claim Change (Normalized)	-55.0%	-98.5%	0.0%	0.0%	-55.8%	-58.7%	-31.2%	-99.4%	-99.6%	-77.7%	-94.3%	0.0%	-2.3%	-22.5%	-59.1%	898.6%	-95.0%	-28.4%	-7.8%	-10.5%

Audit Trail

NCAV Audit

Official-source inputs remain linked to filing provenance. Derived values are labeled as such.

Input	Value	Source concept	Filing period	Confidence	Provenance
Current Assets	61,997,941USD	us-gaap:AssetsCurrent	2026-01-31	1.00	Data Vault \| sec/companyfacts/cik=0001674440/companyfacts.json Data Vault \| sec/companyfacts/cik=0001674440/companyfacts.json
Total Liabilities	12,335,491USD	us-gaap:Liabilities	2026-01-31	1.00	Data Vault \| sec/companyfacts/cik=0001674440/companyfacts.json Data Vault \| sec/companyfacts/cik=0001674440/companyfacts.json
Cash	35,711,613USD	us-gaap:CashAndCashEquivalentsAtCarryingValue	2026-01-31	1.00	Data Vault \| sec/companyfacts/cik=0001674440/companyfacts.json Data Vault \| sec/companyfacts/cik=0001674440/companyfacts.json
Shares Outstanding	42,095,538	dei:EntityCommonStockSharesOutstanding	2026-01-31	1.00	Data Vault \| sec/companyfacts/cik=0001674440/companyfacts.json Data Vault \| sec/companyfacts/cik=0001674440/companyfacts.json
NCAV	49,662,450USD	derived	2026-01-31	n/a	company-evidence-v1 \| total_current_assets - total_liabilities
NCAV per share	1.18USD	derived	2026-01-31	n/a	company-evidence-v1 \| NCAV / shares_outstanding
Internal NCAV Discount	85.6%	derived	2026-01-31	n/a	gnni_publication_pack \| internal_discount

NCAV = total_current_assets - total_liabilities | NCAV per share = NCAV / shares_outstanding

Source Provenance

Data Source: Data Vault
Data Vault Root: Local evidence | The Data Vault
CIK: 0001674440
Company ID: n/a
Selected Annual Source: Data Vault | sec/companyfacts/cik=0001674440/companyfacts.json
Selected Quarterly Source: Data Vault | sec/companyfacts/cik=0001674440/companyfacts.json
Statement Extractor: companyfacts-screener-v1
View Extractor: companyfacts-screener-v1
Source Accession Count: 23
Imported At: 2026-08-15T12:53:06+00:00
Rendered At: 2026-08-16T03:29:54+00:00

Run Audit

Mary Run: 29510e1968ca4fb386d55ebe1e97a5de
Mary As Of: 2026-08-01
Accession: 0001493152-26-010626
CIK: 0001674440
Mary Filing Date: 2026-03-17
Filing Currency: USD
Internal Discount: 85.6%
Source State: Verified
Market Context: Not Displayed
Market Policy: internal_only_not_redistributed
Share Trend: Not Evaluated
Dilution: Needs Review

mary_run=29510e1968ca4fb386d55ebe1e97a5de; mary_as_of=2026-08-01; mary_filing_date=2026-03-17; mary_accession=0001493152-26-010626; mary_cik=0001674440; gnni_supporting_filing_date=2026-03-17; internal_discount=0.855742; mary_reason=Mary's deterministic net-net screen flagged this candidate. The internal discount is shown; raw market-data fields are not published in this pilot.

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