CXJ GROUP CO., Ltd Files 10-Q for Quarter Ended August 31, 2022

TL;DR

<b>CXJ GROUP CO., Ltd has filed its quarterly report (10-Q) for the period ending August 31, 2022, detailing financial statements and operational data.</b>

AI Summary

CXJ GROUP CO., Ltd (ECXJ) filed a Quarterly Report (10-Q) with the SEC on January 26, 2024. CXJ GROUP CO., Ltd filed a 10-Q for the quarter ended August 31, 2022. The filing includes condensed consolidated financial statements for the periods ending August 31, 2022, and May 31, 2022. Financial statements cover operations, comprehensive loss, changes in stockholders' deficit, and cash flows for the three months ended August 31, 2022 and 2021. The company is incorporated in Nevada and has its principal executive offices in Hangzhou City, Zhejiang Province, China. As of January 26, 2024, CXJ GROUP CO., Ltd had 101,710,517 shares of common stock outstanding.

Why It Matters

For investors and stakeholders tracking CXJ GROUP CO., Ltd, this filing contains several important signals. This 10-Q filing provides investors with updated financial performance and position data for CXJ GROUP CO., Ltd for the specified quarter. The detailed financial statements and notes offer insights into the company's operational results, cash flows, and balance sheet as of August 31, 2022.

Risk Assessment

Risk Level: low — CXJ GROUP CO., Ltd shows low risk based on this filing. The filing is a standard quarterly report (10-Q) and does not contain immediate red flags, indicating routine disclosure.

Analyst Insight

Review the condensed consolidated financial statements, particularly the statements of operations and cash flows, to understand CXJ GROUP CO., Ltd's performance during the quarter ended August 31, 2022.

Key Numbers

• 101,710,517 — Common Stock Outstanding (As of January 26, 2024)
• August 31, 2022 — Quarter End Date (For the 10-Q filing)
• May 31, 2022 — Balance Sheet Date (Audited balance sheet date)
• 2021 — Comparative Year (For Statements of Operations and Comprehensive Loss)

Key Players & Entities

• CXJ GROUP CO., Ltd (company) — Registrant name
• August 31, 2022 (date) — Quarter ended date
• May 31, 2022 (date) — Balance sheet date
• 2021 (date) — Comparative period in statements
• Nevada (jurisdiction) — State of incorporation
• Hangzhou City, Zhejiang Province, China (location) — Address of principal executive offices
• 101,710,517 (dollar_amount) — Common Stock outstanding as of January 26, 2024
• January 26, 2024 (date) — Date for outstanding shares

Forward-Looking Statements

• CXJ GROUP CO., Ltd will continue to operate as a smaller reporting company for the foreseeable future. (CXJ GROUP CO., Ltd) — high confidence, target: 2025-01-26

FAQ

Key Dates

• 2022-08-31: Quarter End Date — Reporting period for condensed consolidated statements of operations and comprehensive loss.
• 2022-05-31: Balance Sheet Date — Audited balance sheet date for condensed consolidated balance sheets.
• 2024-01-26: Filing Date / Outstanding Shares Date — Date the 10-Q was filed and the date for reporting outstanding shares.

Key Financial Figures

• $0.001 — CKHOLDERS&rsquo; EQUITY Common stock, $0.001 par value, 490,000,000 and 490,000,000
• $175,000 — of common stock for a purchase price of $175,000. On June 21, 2019, Lixin Cai was appo
• $1,500 — ) owned by the Seller, for an amount of $1,500. On October 8, 2019, Xinrui Wang, Wenbi
• $48,276 — ). The Company incurred net profit of $48,276 and net loss of $83,979 during the thre
• $83,979 — d net profit of $48,276 and net loss of $83,979 during the three months ended August 31
• $2,135,486 — e Company had an accumulated deficit of $2,135,486 and $2,169,499, respectively. The Compa
• $2,169,499 — n accumulated deficit of $2,135,486 and $2,169,499, respectively. The Company net cash out
• $863,432 — net cash outflow used in operations of $863,432 during the three months ended August 31
• $80,853 — ompany had cash and cash equivalents of $80,853 and $827,144, the current liability of
• $827,144 — ash and cash equivalents of $80,853 and $827,144, the current liability of $1,970,011 an
• $1,970,011 — and $827,144, the current liability of $1,970,011 and $3,213,999. The Company&rsquo;s Chi
• $3,213,999 — the current liability of $1,970,011 and $3,213,999. The Company&rsquo;s China subsidiaries
• $57,419 — om operating activities of $863,432 and $57,419 as of August 31, 2022 and 2021 respecti
• $1 — Translation of amounts from CNY into US$1 has been made at the following exchange

Filing Documents

• form10-q.htm (10-Q) — 450KB
• 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
• 0001493152-24-003867.txt (&nbsp;) — 588KB

Financial Statements

Financial Statements: Condensed Consolidated Balance Sheets as of August 31, 2022 (unaudited) and May 31, 2022 (audited) 4 Condensed Consolidated Statements of Operations and Comprehensive Loss for the Three Months and Three Months Ended August 31, 2022 and 2021 (unaudited) 5 Condensed Consolidated Statement of Changes in Stockholders&rsquo; Deficit for the Three Months August 31, 2022 and 2021 (unaudited) 6 Condensed Consolidated Statements of Cash Flows for the Three Months Ended August 31, 2022 and 2021 (unaudited) 7 Notes to the Consolidated Financial Statements 8-26 ITEM 2. Management&rsquo;s Discussion and Analysis of Financial Condition and Results of Operations 27 ITEM 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 31 ITEM 4.

Controls and Procedures

Controls and Procedures 31 PART II OTHER INFORMATION 31 ITEM 1.

Legal Proceedings

Legal Proceedings 32 ITEM 2. Unregistered Sales of Equity Securities and Use of Proceeds 32 ITEM 3. Defaults Upon Senior Securities 32 ITEM 4. Mine Safety Disclosures 32 ITEM 5. Other Information 32 ITEM 6. Exhibits 32

Signatures

Signatures 33 2 SPECIAL NOTE REGARDING FORWARD&mdash;LOOKING STATEMENTS made in this Form 10-Q that are not historical or current facts are &ldquo;forward-looking statements&rdquo; made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 (the &ldquo;Act&rdquo;) and Section 21E of the Securities Exchange Act of 1934. These statements often can be identified by the use of terms such as &ldquo;may&rdquo;, &ldquo;will&rdquo;, &ldquo;expect&rdquo;, &ldquo;believe&rdquo;, &ldquo;anticipate&rdquo;, &ldquo;estimate&rdquo;, &ldquo;approximate&rdquo; or &ldquo;continue&rdquo;, 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 (&ldquo;the Company&rdquo;, &ldquo;we&rdquo;, &ldquo;us&rdquo; or &ldquo;our&rdquo;), have been prepared without audit pursuant to the rules and

View Full Filing

View this 10-Q filing on SEC EDGAR