Guru App Factory Corp. Files 10-Q for Period Ended January 31, 2024

TL;DR

<b>Guru App Factory Corp. has filed its quarterly report (10-Q) for the period ending January 31, 2024, confirming compliance with SEC filing requirements.</b>

AI Summary

Guru App Factory Corp (GAFC) filed a Quarterly Report (10-Q) with the SEC on March 13, 2024. Filed a Form 10-Q for the quarterly period ended January 31, 2024. The company is incorporated in Nevada and its fiscal year ends on July 31. Principal executive offices are located at 74 Norfolk House Rd, London SW16 1JH, UK. The company has submitted all required reports for the past 12 months and has been subject to filing requirements for the past 90 days. The company has submitted electronically every Interactive Data File required by Rule 405 of Regulation S-T.

Why It Matters

For investors and stakeholders tracking Guru App Factory Corp, this filing contains several important signals. This filing provides an update on the company's financial performance and operational status for the most recent quarter. As a publicly traded company, timely and accurate SEC filings are crucial for maintaining investor confidence and regulatory compliance.

Risk Assessment

Risk Level: low — Guru App Factory Corp shows low risk based on this filing. The filing is a standard quarterly report (10-Q) with no immediate red flags, indicating routine compliance.

Analyst Insight

Review the detailed financial statements and management discussion within the 10-Q to assess the company's performance and outlook.

Key Numbers

• 2024-01-31 — Quarterly Period End Date (Form 10-Q)
• 2024-03-13 — Filing Date (Form 10-Q)
• 7371 — SIC Code (Computer Programming Services)
• NV — State of Incorporation (Guru App Factory Corp.)

Key Players & Entities

• Guru App Factory Corp. (company) — Filer name
• 0001989788 (company) — Central Index Key
• 7371 (company) — Standard Industrial Classification Code
• NV (company) — State of Incorporation
• 74 Norfolk House Rd London SW16 1JH, UK (company) — Business Address
• 333-274641 (company) — Commission File Number
• 2024-01-31 (date) — Quarterly period ended
• 2024-03-13 (date) — Filing Date

FAQ

Industry Context

Guru App Factory Corp. operates within the Computer Programming Services industry (SIC 7371).

Regulatory Implications

The company is subject to the reporting requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, including filing quarterly reports (Form 10-Q).

What Investors Should Do

1. Analyze the financial statements within the 10-Q for revenue, expenses, and profitability.
2. Review any management discussion and analysis (MD&A) for insights into business operations and future outlook.
3. Verify compliance with all SEC filing deadlines and requirements.

Key Dates

• 2024-01-31: Quarterly period ended — Reporting period for the 10-Q filing.
• 2024-03-13: Filing Date — Date the 10-Q was submitted to the SEC.

Year-Over-Year Comparison

This is the initial 10-Q filing for the period ending January 31, 2024, as no prior filing data is available in the provided text.

Key Financial Figures

• $0.001 — ing as of March 13, 2024 Common Stock, $0.001 6,786,000 GURU APP FACTORY CORP. P
• $0.02 — ( 2,576 ) 1,424 Shares issued at $0.02 1,861,000 1,861 35,359 - 37,22
• $3,963 — 2024, we had an accumulated deficit of $3,963. Our financial statements have been pre
• $10,000 — ended January 31, 2024, the Company had $10,000 in revenue. Operating Expenses Durin
• $11,387 — we incurred total operating expenses of $11,387. General and administrative and profess
• $1,387 — month period ended January 31, 2024 was $1,387. Six Month Period Ended January 31, 20
• $25,000 — ended January 31, 2024, the Company had $25,000 in revenue. Operating Expenses Durin
• $28,202 — we incurred total operating expenses of $28,202. General and administrative and profess
• $3,202 — month period ended January 31, 2024 was $3,202. LIQUIDITY AND CAPITAL RESOURCES As a
• $40,560 — January 31, 2024 our total assets were $40,560 compared to $4,064 in total assets at J
• $4,064 — r total assets were $40,560 compared to $4,064 in total assets at July 31, 2023. As at
• $3,303 — ry 31, 2024, our total liabilities were $3,303 compared to $825 as of July 31, 2023.
• $825 — tal liabilities were $3,303 compared to $825 as of July 31, 2023. Stockholders' equ
• $37,257 — uly 31, 2023. Stockholders' equity was $37,257 as of January 31, 2024 compared to $3,2
• $3,239 — ,257 as of January 31, 2024 compared to $3,239 as of July 31, 2023. Cash Flows from

Filing Documents

• guruapp_10q.htm (10-Q) — 199KB
• guruapp_ex311.htm (EX-31.1) — 9KB
• guruapp_ex321.htm (EX-32.1) — 4KB
• 0001477932-24-001180.txt (&nbsp;) — 1264KB
• guruapp-20240131.xsd (EX-101.SCH) — 16KB
• guruapp-20240131_lab.xml (EX-101.LAB) — 98KB
• guruapp-20240131_cal.xml (EX-101.CAL) — 20KB
• guruapp-20240131_pre.xml (EX-101.PRE) — 75KB
• guruapp-20240131_def.xml (EX-101.DEF) — 26KB
• guruapp_10q_htm.xml (XML) — 74KB

FINANCIAL INFORMATION

PART I FINANCIAL INFORMATION Item 1

Financial Statements (Unaudited)

Financial Statements (Unaudited) 3 Balance Sheets 3 4 5 6 Notes to the Unaudited Financial Statements for the period ended January 31, 2024 7 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 11 Item 3

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 13 Item 4

Controls and Procedures

Controls and Procedures 13

OTHER INFORMATION

PART II OTHER INFORMATION Item 1

Legal Proceedings

Legal Proceedings 14 Item 2 Unregistered Sales of Equity Securities and Use of Proceeds 14 Item 3 Defaults Upon Senior Securities 14 Item 4 Mine Safety Disclosures 14 Item 5 Other Information 14 Item 6 Exhibits 15

Signatures

Signatures 16 2 Table of Contents

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION GURU APP FACTORY CORP. BALANCE SHEETS JANUARY 31, 2024 Unaudited JULY 31, 2023 Audited ASSETS Current Assets Cash and cash equivalents $ 22,848 $ 4,064 Computer software 5,712 - Total current Assets 28,560 4,064 Non-Current Assets Intangible assets 12,000 - Total non-current assets 12,000 - TOTAL ASSETS $ 40,560 $ 4,064 LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities Advances from related party $ 1,303 $ 825 Accounts payable 2,000 - Total current liabilities 3,303 825 Total Liabilities 3,303 825 Commitments and contingencies Stockholders' Equity Common stock, $ 0.001 par value, 75,000,000 shares authorized; 5,861,000 and 4,000,000 shares issued and outstanding as of January 31, 2024 and July 31, 2023 5,861 4,000 Additional paid-in-capital 35,359 - Accumulated deficit ( 3,963 ) ( 761 ) Total Stockholders' Equity 37,257 3,239 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 40,560 $ 4,064 The accompanying notes are an integral part of these financial statements. 3 Table of Contents GURU APP FACTORY CORP. Unaudited THREE MONTHS ENDED JANUARY 31, 2024 SIX MONTHS ENDED JANUARY 31, 2024 Revenue $ 10,000 $ 25,000 OPERATING EXPENSES Cost of goods sold 5,000 11,500 General and administrative expenses 6,387 16,702 Total operating expenses ( 11,387 ) ( 28,202 ) Loss before provision for income taxes ( 1,387 ) ( 3,202 ) Provision for income taxes - - Net loss $ ( 1,387 ) $ ( 3,202 ) Loss per common share: Basic and Diluted $ ( 0.00 ) $ ( 0.00 ) Weighted Average Number of Common Shares Outstanding: Basic and Diluted 4,832,707 4,416,353 The accompanying notes are an integral part of these financial statements. 4 Table of Contents GURU APP FACTORY CORP. FOR THE SIX MONTHS ENDED JANUARY 31, 2024 Unaudited

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Item 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

FORWARD LOOKING STATEMENTS

FORWARD LOOKING STATEMENTS DESCRIPTION OF OUR BUSINESS Guru App Factory Corp., a development-stage company, was incorporated in Nevada on March 7, 2023. We are in the mobile application development business. We develop, publish, and sell mobile applications on the iOS and Google Play platforms. The Company also plans to maintain a portfolio of its own products and track the user download statistics. Guru App Factory Corp. generates revenues from the Apps development for third parties as well as the sale of branded advertisements and via consumer transactions, including in-app purchases in its own applications. Alongside mobile app-related services, we also provide software development consulting services. We o

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Item 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK. As a "smaller reporting company" as defined by Item 10 of Regulation S-K, the Company is not required to provide information required by this Item.

. CONTROLS AND PROCEDURES

Item 4 . CONTROLS AND PROCEDURES Disclosure Controls and Procedures Our disclosure controls and procedures are designed to ensure that information required to be disclosed in reports that we file or submit under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the time periods specified in the rules and forms of the Securities and Exchange Commission. Our principal executive officer and principal financial and accounting officer have reviewed the effectiveness of our "disclosure controls and procedures" (as defined in the Securities Exchange Act of 1934 Rules 13(a)-15(e) and 15(d)-15(e)) within the end of the period covered by this Quarterly Report on Form 10-Q and have concluded that the disclosure controls and procedures were not effective to ensure that material information relating to the Company is recorded, processed, summarized, and reported in a timely manner. Changes in Internal Controls over Financial Reporting There have been no changes in the Company's internal control over financial reporting during the quarter ended January 31, 2024 period covered by this report that have materially affected, or are reasonably likely to materially affect, the Company's internal control over financial reporting. 13 Table of Contents

OTHER INFORMATION

PART II. OTHER INFORMATION

LEGAL PROCEEDINGS

Item 1. LEGAL PROCEEDINGS Management is not aware of any legal proceedings contemplated by any governmental authority or any other party involving us or our properties. As of the date of this Quarterly Report, no director, officer or affiliate is (i) a party adverse to us in any legal proceeding, or (ii) has an adverse interest to us in any legal proceedings. Management is not aware of any other legal proceedings pending or that have been threatened against us or our properties.

. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

Item 2 . UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS No equity securities were sold during the six-month period ended January 31, 2024.

DEFAULTS UPON SENIOR SECURITIES

Item 3. DEFAULTS UPON SENIOR SECURITIES No senior securities were issued and outstanding during the six-month period ended January 31, 2024.

MINE SAFETY DISCLOSURES

Item 4. MINE SAFETY DISCLOSURES Not applicable to our Company.

OTHER INFORMATION

Item 5. OTHER INFORMATION None. 14 Table of Contents

EXHIBITS

Item 6. EXHIBITS Exhibits: 31.1 Certification of Chief Executive Officer and Chief Financial Officer pursuant to Securities Exchange Act of 1934 Rule 13a-14(a) or 15d-14(a) 32.1 Certifications pursuant to Securities Exchange Act of 1934 Rule 13a-14(b) or 15d-14(b) and 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes- Oxley Act of 2002 101.INS Inline XBRL Instance Document (the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document). 101.SCH Inline XBRL Taxonomy Extension Schema Document. 101.CAL Inline XBRL Taxonomy Extension Calculation Linkbase Document. 101.DEF Inline XBRL Taxonomy Extension Definition Linkbase Document. 101.LAB Inline XBRL Taxonomy Extension Labels Linkbase Document. 101.PRE Inline XBRL Taxonomy Extension Presentation Linkbase Document. 104 Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101). 15 Table of Contents

SIGNATURES

SIGNATURES In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly aut

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