CXJ GROUP CO., Ltd Files 10-Q/A for Period Ending August 31, 2022

TL;DR

<b>CXJ GROUP CO., Ltd has filed an amended 10-Q for the period ending August 31, 2022.</b>

AI Summary

CXJ GROUP CO., Ltd (ECXJ) filed a Amended Quarterly Report (10-Q/A) with the SEC on January 29, 2024. Filing is an amendment (10-Q/A) for CXJ GROUP CO., Ltd. The reporting period covered is August 31, 2022. The company is incorporated in Nevada (NV). The SIC code is 3714 (MOTOR VEHICLE PARTS & ACCESSORIES). The filing was submitted on January 29, 2024.

Why It Matters

For investors and stakeholders tracking CXJ GROUP CO., Ltd, this filing contains several important signals. This 10-Q/A filing indicates a need for correction or supplementation of previously submitted financial information for the period ending August 31, 2022. The filing provides detailed financial data for the periods ending August 31, 2022, May 31, 2022, August 31, 2021, and May 31, 2021, allowing for comparative analysis.

Risk Assessment

Risk Level: low — CXJ GROUP CO., Ltd shows low risk based on this filing. The filing is an amendment (10-Q/A), which suggests potential inaccuracies or omissions in the original filing, but the content itself does not reveal immediate operational or financial distress.

Analyst Insight

Review the specific amendments made in this 10-Q/A filing to understand any changes in financial reporting or disclosures for the period ending August 31, 2022.

Key Numbers

• 2022-08-31 — Conformed Period of Report (Reporting period end date)
• 2024-01-29 — Filed As Of Date (Date of filing)
• 2022-06-01 — Quarter Start Date (Beginning of the first quarter)
• 2022-08-31 — Quarter End Date (End of the first quarter)

Key Players & Entities

• CXJ GROUP CO., Ltd (company) — Filer
• 0001823635 (company) — Central Index Key
• 3714 (company) — Standard Industrial Classification
• NV (company) — State of Incorporation
• 86186675727 (dollar_amount) — Business Phone
• Xinrui Wang (person) — Related Party Member
• Wenbin Mao (person) — Related Party Member
• Baiwan Niu (person) — Related Party Member

Forward-Looking Statements

• Investors will re-evaluate CXJ GROUP's historical performance based on the corrected financial figures. (CXJ GROUP CO., Ltd) — medium confidence, target: 2024-03-31

FAQ

Industry Context

CXJ GROUP CO., Ltd operates in the Motor Vehicle Parts & Accessories industry.

Regulatory Implications

The filing is a 10-Q/A, an amended quarterly report, indicating a need for correction or supplement to previously filed information under SEC regulations.

What Investors Should Do

1. Analyze the specific changes and reasons for amendment in the 10-Q/A filing.
2. Cross-reference the amended financial data with previous filings for consistency.
3. Monitor future filings for any further updates or clarifications related to this period.

Key Dates

• 2022-08-31: Period End — End of the reporting period for the 10-Q/A filing.
• 2024-01-29: Filing Date — Date the amended 10-Q was filed with the SEC.

Year-Over-Year Comparison

This is an amended filing (10-Q/A), indicating a revision to the original 10-Q for the period ending August 31, 2022.

Key Financial Figures

• $1 — Translation of amounts from CNY into US$1 has been made at the following exchange

Filing Documents

• form10-qa.htm (10-Q/A) — 731KB
• ex10-1.htm (EX-10.1) — 92KB
• ex31-1.htm (EX-31.1) — 16KB
• ex31-2.htm (EX-31.2) — 16KB
• ex32-1.htm (EX-32.1) — 7KB
• ex32-2.htm (EX-32.2) — 6KB
• 0001493152-24-004045.txt (&nbsp;) — 5215KB
• ecxj-20220831.xsd (EX-101.SCH) — 54KB
• ecxj-20220831_cal.xml (EX-101.CAL) — 69KB
• ecxj-20220831_def.xml (EX-101.DEF) — 198KB
• ecxj-20220831_lab.xml (EX-101.LAB) — 358KB
• ecxj-20220831_pre.xml (EX-101.PRE) — 293KB
• form10-qa_htm.xml (XML) — 732KB

Financial Statements

Financial Statements: Condensed Consolidated Balance Sheets as of August 31, 2022 (unaudited) and May 31, 2022 (audited) 5 Condensed Consolidated Statements of Operations and Comprehensive Loss for the Three Months and Three Months Ended August 31, 2022 and 2021 (unaudited) 6 Condensed Consolidated Statement of Changes in Stockholders' Deficit for the Three Months August 31, 2022 and 2021 (unaudited) 7 Condensed Consolidated Statements of Cash Flows for the Three Months Ended August 31, 2022 and 2021 (unaudited) 8 Notes to the Consolidated Financial Statements 9-27 ITEM 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 28 ITEM 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 32 ITEM 4.

Controls and Procedures

Controls and Procedures 32 PART II OTHER INFORMATION 32 ITEM 1.

Legal Proceedings

Legal Proceedings 33 ITEM 2. Unregistered Sales of Equity Securities and Use of Proceeds 33 ITEM 3. Defaults Upon Senior Securities 33 ITEM 4. Mine Safety Disclosures 33 ITEM 5. Other Information 33 ITEM 6. Exhibits 33

Signatures

Signatures 34 3 SPECIAL NOTE REGARDING FORWARD—LOOKING STATEMENTS made in this Form 10-Q that are not historical or current facts are "forward-looking statements" made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 (the "Act") and Section 21E of the Securities Exchange Act of 1934. These statements often can be identified by the use of terms such as "may", "will", "expect", "believe", "anticipate", "estimate", "approximate" or "continue", or the negative thereof. We intend that such forward-looking statements be subject to the safe harbors for such statements. We wish to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Any forward-looking to risks, uncertainties and important factors beyond our control that could cause actual results and events to differ materially from historical results of operations and events and those presently anticipated or projected. We disclaim any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statement or to reflect the occurrence of anticipated or unanticipated events. Financial information contained in this quarterly report and in our unaudited interim financial statements is stated in United States dollars and are prepared in accordance with United States generally accepted accounting principles. PART I - FINANCIAL INFORMATION ITEM 1. Financial Statements The accompanying interim financial statements of CXJ GROUP CO., Limited ("the Company", "we", "us" or "our"), have been prepared without audit pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with United Sta

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View this 10-Q/A filing on SEC EDGAR