UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended November 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to _______________ Commission File Number: 001-41187 FINGERMOTION, INC. (Exact name of registrant as specified in its charter) Delaware 20-0 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended August 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to _____________ Commission File Number: 001-41187 FINGERMOTION, INC. (Exact name of registrant as specified in its charter) Delaware 20-007715 ...

Financial Performance - Revenue for the three months ended May 31, 2022, was $4,855,123, a decrease of 19% compared to $5,996,489 for the same period in 2021[16] - Gross profit for the same period was $377,071, down from $619,697, resulting in a gross margin of approximately 7.8%[16] - Net loss attributable to the Company's shareholders for the three months ended May 31, 2022, was $1,444,123, compared to a net loss of $911,890 for the same period in 2021, representing an increase in loss of 58%[16] - The company reported a comprehensive loss of $1,749,404 for the three months ended May 31, 2022, compared to a comprehensive loss of $851,870 for the same period in 2021[16] - The accumulated deficit increased to $18,596,295 as of May 31, 2022, up from $17,152,172 as of February 28, 2022[60] - For the three months ended May 31, 2022, the Company reported a net loss of $1,444,668 compared to a net loss of $909,506 for the same period in 2021, representing an increase in loss of approximately 58.5%[98] Assets and Liabilities - Total assets decreased to $9,205,466 as of May 31, 2022, from $10,366,905 as of February 28, 2022, reflecting a decline of approximately 11%[13] - Current liabilities increased to $5,313,091 as of May 31, 2022, compared to $5,278,655 as of February 28, 2022, indicating a slight increase of 1%[13] - Cash and cash equivalents rose to $805,548 as of May 31, 2022, from $461,933 as of February 28, 2022, marking an increase of approximately 74%[13] - The total liabilities of the VIE were $9,513,003 as of May 31, 2022, up from $8,556,844 as of February 28, 2022, reflecting an increase of about 11.2%[34] Revenue Breakdown - Revenue from Telecommunication Products & Services was $1,516,125, down from $1,737,080, while SMS & MMS Business revenue decreased from $4,160,694 to $3,338,998[63] - The VIE's revenue for the three months ended May 31, 2022, was $1,438,367, compared to $373,151 for the same period in 2021, indicating a significant increase of approximately 285.5%[37] - The VIE subsidiary reported revenue of $3,416,755 for the three months ended May 31, 2022, down from $5,524,623 in the same period of 2021, a decrease of approximately 38.2%[38] - The Big Data segment recorded no revenue for the quarter, a decline of 100% from $98,715 in the previous year[155] Operating Expenses - The total cost of revenue for the quarter ended May 31, 2022, was $4,478,052, a decrease of $898,740 or 17% compared to $5,376,792 for the same period in 2021[156] - Operating expenses for the quarter ended May 31, 2022, were $1,812,491, an increase of $336,912 or 23% compared to $1,475,579 for the same period in 2021[167] - General and administrative expenses increased to $1,239,550 for the quarter ended May 31, 2022, an increase of $59,803 or 5% compared to $1,179,747 for the same period in 2021[158] - Research and development expenses rose to $211,647 for the quarter ended May 31, 2022, an increase of $76,218 or 56% compared to $135,429 for the same period in 2021[162] Shareholder Information - The weighted average common shares outstanding for basic and diluted calculations were 42,693,999 for the three months ended May 31, 2022[16] - The Company had a balance of 1,846,168 share purchase warrants outstanding as of May 31, 2022, with a weighted average exercise price of $2.84[92] - The Company received cash proceeds of $539,998 from the exercise of share purchase warrants during Fiscal 2022, compared to $50,000 in Fiscal 2021[91] - The Company issued 12,000,000 shares of common stock to FMCL shareholders as part of the Share Exchange Agreement[23] Business Operations - The Company has activated its insurtech business through Finger Motion Financial Company Limited, which secured its first contract and recorded revenue in the last quarter of the fiscal year[27] - The Company operates its mobile payment platform through JiuGe Technology, which secured contracts with China Unicom and China Mobile to distribute mobile data in 9 provinces[123] - The Company has shifted focus from its video game division to telecommunications, pausing game operations since June 2018[119] - The Company has entered into VIE Agreements to control JiuGe Technology, which is essential for its operations in China due to foreign investment restrictions[121] Risks and Challenges - The company is dependent on obtaining additional financing to fund operations and achieve profitability, with no assurance of success[61] - The company relies heavily on revenue from two telecommunications companies, China Unicom and China Mobile, which poses a risk to its financial condition if business with either is lost[196] - The company is currently facing risks related to the COVID-19 pandemic, which could impact operations and consumer demand[193] - The Company is subject to risks related to the VIE structure, which could significantly impact operations and share value if disallowed by the Chinese government[133] Future Outlook - The company expects revenue growth from its mobile recharge business as operations return to pre-lockdown levels in China[155] - The company plans to launch Mobile Protection programs in collaboration with China Unicom and China Mobile, expected in the second quarter of FY2023[145] - A contract was secured with Pacific Life Re to develop a multi-faceted risk rating concept, which is anticipated to generate additional revenue for the Big Data division in the future[155]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) x Annual Report Under Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended: February 28, 2022 o Transition report under Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from ______ to _______. Commission file number: 001-41187 (State or other jurisdiction of incorporation or organization) Delaware 20-0077155 (IRS Employer Identification Number) 1460 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended November 30, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to _______________ Commission File Number: 001-41187 FINGERMOTION, INC. (Exact name of registrant as specified in its charter) Delaware 20-0 ...

PART 1. FINANCIAL INFORMATION [Financial Statements](index=3&type=section&id=ITEM%201.%20FINANCIAL%20STATEMENTS) The unaudited condensed consolidated interim financial statements detail the company's financial position and performance for the six months ended August 31, 2021 Condensed Consolidated Balance Sheet Highlights (Unaudited) | Account | August 31, 2021 ($) | February 28, 2021 ($) | | :--- | :--- | :--- | | **Total Assets** | **9,380,717** | **7,341,504** | | Total Current Assets | 9,189,263 | 7,104,527 | | **Total Liabilities** | **4,151,730** | **5,226,538** | | Total Current Liabilities | 4,151,730 | 4,112,295 | | **Total Shareholders' Equity** | **5,228,987** | **2,114,966** | Condensed Consolidated Statements of Operations Highlights (Unaudited) | Metric | Three Months Ended Aug 31, 2021 ($) | Six Months Ended Aug 31, 2021 ($) | | :--- | :--- | :--- | | **Revenue** | 5,386,914 | 11,383,403 | | **Gross Profit** | 696,856 | 1,316,553 | | **Net Loss** | (1,454,617) | (2,364,123) | | **Net Loss Per Share (Basic & Diluted)** | (0.04) | (0.06) | Condensed Consolidated Statements of Cash Flows Highlights (Unaudited) | Cash Flow Activity | Six Months Ended Aug 31, 2021 ($) | Six Months Ended Aug 31, 2020 ($) | | :--- | :--- | :--- | | Net Cash used in Operating Activities | (3,513,630) | (1,218,461) | | Net Cash used in Investing Activities | (12,625) | (115,239) | | Net Cash provided by Financing Activities | 3,581,291 | 1,639,207 | | **Net Change in Cash** | **27,368** | **316,788** | - The company operates in China through a **Variable Interest Entity (VIE) structure** with Shanghai JiuGe Information Technology Co, Ltd to comply with PRC regulations[20](index=20&type=chunk)[24](index=24&type=chunk) - The financial statements raise **going concern issues**, citing an accumulated deficit of **$14.6 million** and a net loss of **$2.4 million** for the six months ended August 31, 2021[53](index=53&type=chunk)[54](index=54&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A)](index=24&type=section&id=ITEM%202%20%E2%80%93%20MANAGEMENT'S%20DISCUSSION%20AND%20ANALYSIS%20OF%20FINANCIAL%20CONDITION%20AND%20RESULTS%20OF%20OPERATIONS) Management discusses the company's financial condition, operational results, liquidity, and corporate structure for the periods ended August 31, 2021 - The company operates five lines of business: (i) telecommunications products and services, (ii) SMS and MMS service, (iii) a rich communication services (RCS) platform, (iv) big data insights, and (v) an inactive video game division[125](index=125&type=chunk) - The business model relies on **key cooperation agreements** with major Chinese telecommunication providers, China Unicom and China Mobile, for its mobile payment, recharge, and data services[117](index=117&type=chunk)[120](index=120&type=chunk)[127](index=127&type=chunk) - The Big Data division, branded "Sapientus," launched in July 2020 and secured its **first services agreement** with Pacific Life Re in January 2021 to develop data-driven risk assessment solutions[135](index=135&type=chunk)[137](index=137&type=chunk) [Three Months Ended August 31, 2021 Compared to Three Months Ended August 31, 2020](index=29&type=section&id=Three%20Months%20Ended%20August%2031%2C%202021%20Compared%20to%20Three%20Months%20Ended%20August%2031%2C%202020) Revenue grew 49% to $5.4 million, but net loss widened 51% to $1.46 million due to an 81% increase in operating expenses Revenue by Business Line (Three Months Ended) | Business Line | Aug 31, 2021 ($) | Aug 31, 2020 ($) | Change (%) | | :--- | :--- | :--- | :--- | | Telecommunication Products & Services | 1,711,295 | 707,094 | 142% | | SMS & MMS Business | 3,642,917 | 2,913,060 | 25% | | Big Data | 32,702 | — | 100% | | **Total Revenue** | **5,386,914** | **3,621,054** | **49%** | - **Gross profit increased by 170%** to $696,856 from $258,391 in the prior-year period, driven by higher revenue[143](index=143&type=chunk) - **General & Administrative expenses rose 71%** to $1.44 million, mainly due to increased consulting fees ($557,570 vs $290,053) and salaries ($626,789 vs $327,511)[145](index=145&type=chunk) - **Share-based compensation expenses increased significantly by 743%** to $421,571, as more consultants were compensated with company shares[150](index=150&type=chunk) [Six Months Ended August 31, 2021 Compared to Six Months Ended August 31, 2020](index=32&type=section&id=Six%20Months%20Ended%20August%2031%2C%202021%20Compared%20to%20Six%20Months%20Ended%20August%2031%2C%202020) Revenue grew 79% to $11.4 million, while net loss increased 54% to $2.37 million due to a 76% surge in operating expenses Revenue by Business Line (Six Months Ended) | Business Line | Aug 31, 2021 ($) | Aug 31, 2020 ($) | Change (%) | | :--- | :--- | :--- | :--- | | Telecommunication Products & Services | 3,448,375 | 1,100,886 | 213% | | SMS & MMS Business | 7,803,610 | 5,263,102 | 48% | | Big Data | 131,418 | — | 100% | | **Total Revenue** | **11,383,403** | **6,363,988** | **79%** | - **Gross profit increased by 138%** to $1,316,553 from $552,830 in the prior-year period[157](index=157&type=chunk) - **General & Administrative expenses increased by 66%** to $2.62 million, driven by higher consulting and salary costs associated with building the business lines[159](index=159&type=chunk) - The **net loss attributable to shareholders widened to $2,367,654** from $1,539,100 in the prior-year period, an increase of 54%[167](index=167&type=chunk) [Liquidity and Capital Resources](index=35&type=section&id=Liquidity%20and%20Capital%20Resources) The company held $0.88 million in cash and $5.0 million in working capital, believing it sufficient for the next 12 months of operations Cash and Working Capital | Metric | As at Aug 31, 2021 ($) | As at Feb 28, 2021 ($) | | :--- | :--- | :--- | | Cash reserves | 878,085 | 850,717 | | Working capital | 5,037,533 | 2,992,232 | - The company **raised $3,294,499** through the sale of common stock in private placements during the six months ended August 31, 2021[169](index=169&type=chunk) - **Net cash used in operating activities was $(3.5) million**, while net cash provided by financing activities was $3.6 million for the six months ended August 31, 2021[170](index=170&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=36&type=section&id=ITEM%203%20%E2%80%93%20QUANTITATIVE%20AND%20QUALITATIVE%20DISCLOSURES%20ABOUT%20MARKET%20RISK) As a smaller reporting company, the company is not required to provide disclosures for this item [Controls and Procedures](index=36&type=section&id=ITEM%204%20%E2%80%93%20CONTROLS%20AND%20PROCEDURES) Management concluded disclosure controls were ineffective as of August 31, 2021, due to material weaknesses in internal control policies - Management concluded that **disclosure controls and procedures were not completely effective** as of August 31, 2021[180](index=180&type=chunk) - Identified material weaknesses include: (1) **lack of written documentation** of internal control policies and procedures, and (2) **limited segregation of duties** in finance and accounting functions[181](index=181&type=chunk) - Remediation efforts include finalizing corporate governance policies and a comprehensive Code of Conduct to align with **Sarbanes-Oxley Act requirements**[182](index=182&type=chunk) PART II – OTHER INFORMATION [Legal Proceedings](index=37&type=section&id=ITEM%201%20%E2%80%93%20LEGAL%20PROCEEDINGS) The company is not a party to any pending legal proceedings nor is it aware of any such proceedings [Risk Factors](index=37&type=section&id=ITEM%201A.%20RISK%20FACTORS) The company faces material risks related to its operating history, partner dependency, VIE structure, and PRC regulations - The company has a **history of net losses**, including approximately **$2.4 million** for the six months ended August 31, 2021, and an accumulated deficit of **$14.6 million**[189](index=189&type=chunk) - A substantial amount of total revenue is derived from contracts with China Unicom and China Mobile, creating a **concentration risk**[193](index=193&type=chunk) - The PRC government may determine that the **VIE Agreements are non-compliant**, which could result in penalties, operational restrictions, or the voiding of the agreements[217](index=217&type=chunk)[218](index=218&type=chunk) - The company may be classified as a "resident enterprise" of China, which could result in **unfavorable tax consequences**, such as a 25% enterprise income tax on worldwide income[243](index=243&type=chunk)[246](index=246&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=48&type=section&id=ITEM%202%20%E2%80%93%20UNREGISTERED%20SALES%20OF%20EQUITY%20SECURITIES%20AND%20USE%20OF%20PROCEEDS) The company conducted several unregistered sales of equity securities for services, private placements, and note conversions - On July 13, 2021, the company issued **568,900 shares at $5.00 per share** in a private placement to non-U.S. persons, relying on the Regulation S exemption[251](index=251&type=chunk) - In August 2021, the company issued a total of **2,477,200 shares** of common stock to one individual upon the conversion of promissory notes, relying on the Regulation S exemption[257](index=257&type=chunk)[258](index=258&type=chunk) [Defaults Upon Senior Securities](index=49&type=section&id=ITEM%203%20%E2%80%93%20DEFAULTS%20UPON%20SENIOR%20SECURITIES) The company reports no defaults upon senior securities [Mine Safety Disclosures](index=49&type=section&id=ITEM%204%20%E2%80%93%20MINE%20SAFETY%20DISCLOSURES) This section is not applicable to the company's operations [Other Information](index=49&type=section&id=ITEM%205%20%E2%80%93%20OTHER%20INFORMATION) The company reports no other material information for the period [Exhibits](index=49&type=section&id=ITEM%206%20%E2%80%93%20EXHIBITS) This section lists exhibits filed with the report, including CEO/CFO certifications and XBRL data files

For the quarterly period ended May 31, 2021 or UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to _______________ Commission File Number: 000-55477 FINGERMOTION, INC. (Exact name of registrant as specified in its charter) Delaware 20-007715 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) x Annual Report Under Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended: February 28, 2021 o Transition report under Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from ______ to _______. Commission file number: 000-55477 FINGERMOTION, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or o ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended November 30, 2020 or ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to _______________ Commission File Number: 000-55477 FINGERMOTION, INC. (Exact name of registrant as specified in its charter) (State or other jurisdic ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended August 31, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to _______________ Commission File Number: 000-55477 FINGERMOTION, INC. (Exact name of registrant as specified in its charter) Delaware 20-007 ...