Glidelogic Corp. Files Q1 2025 10-Q

TL;DR

Glidelogic Corp. 10-Q filed for Q1 2025, check financials.

AI Summary

Glidelogic Corp. filed its 10-Q for the period ending April 30, 2024. The company, incorporated in Nevada and headquartered in Culver City, CA, operates in computer programming services. The filing covers the first quarter of fiscal year 2025, with financial data presented for the periods ending April 30, 2024, and April 30, 2023.

Why It Matters

This filing provides investors with an update on Glidelogic Corp.'s financial performance and position for the first quarter of fiscal year 2025, allowing for assessment of recent business trends.

Risk Assessment

Risk Level: low — This is a standard quarterly filing providing financial updates, not indicating immediate significant risks.

Key Numbers

• Q1 2025 — Fiscal Quarter (Reporting period for the 10-Q)
• April 30, 2024 — Period End Date (Latest financial reporting date)
• April 30, 2023 — Prior Year Period End Date (For comparative financial analysis)

Key Players & Entities

• Glidelogic Corp. (company) — Filer of the 10-Q
• Culver City, CA (location) — Business and mailing address
• 7371 (industry_code) — Standard Industrial Classification for Computer Programming Services
• 0001848672 (company_id) — Central Index Key for Glidelogic Corp.
• 20240430 (date) — End of the reporting period

FAQ

Key Financial Figures

• $30,000 — equivalent of Thirty Thousand Dollars ($30,000) in Artificial Intelligence (AI) techno
• $1,416 — nonmonetary exchange invoice amount of $1,416 depicted in the Accounts Receivable sec
• $16,466 — ments on behalf of the Company totaling $16,466.51, the payments were for the Company's

Filing Documents

• gdlg-20240430.htm (10-Q) — 302KB
• gdlg_ex31z1.htm (EX-31.1) — 9KB
• gdlg_ex31z2.htm (EX-31.2) — 9KB
• gdlg_ex32z1.htm (EX-32.1) — 3KB
• gdlg_ex32z2.htm (EX-32.2) — 3KB
• 0001096906-24-001373.txt ( ) — 2013KB
• gdlg-20240430_cal.xml (EX-101.CAL) — 19KB
• gdlg-20240430_def.xml (EX-101.DEF) — 48KB
• gdlg-20240430_lab.xml (EX-101.LAB) — 114KB
• gdlg-20240430_pre.xml (EX-101.PRE) — 111KB
• gdlg-20240430.xsd (EX-101.SCH) — 28KB
• gdlg-20240430_htm.xml (XML) — 224KB

Financial Statements (Unaudited)

Financial Statements (Unaudited) 1 Balance Sheets as of April 30, 2024 (Unaudited) and January 31, 2024 2 3 4 5 Notes to the Unaudited Financial Statements 6 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 13 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 17 Item 4.

Controls and Procedures

Controls and Procedures 17 PART II OTHER INFORMATION: Item 1.

Legal Proceedings

Legal Proceedings 17 Item 1A

Risk Factors

Risk Factors 17 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 17 Item 3. Defaults Upon Senior Securities 18 Item 4. Submission of Matters to a Vote of Securities Holders 18 Item 5. Other Information 18 Item 6. Exhibits 18

Signatures

Signatures 19 i PART 1 – FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements The accompanying interim financial statements of Glidelogic Corp. ("the Company", "we", "us" or "our"), have been prepared without audit pursuant to the rules and regulations of the Securities and Exchange Commission. The interim financial statements are condensed and should be read in conjunction with the company's latest annual financial statements. In the opinion of management, the financial statements contain all material adjustments, consisting only of normal adjustments considered necessary to present fairly the financial condition, results of operations, and cash flows of the Company for the interim periods presented. 1 GLIDELOGIC CORP. BALANCE SHEETS As of April 30, 2024 (Unaudited) and January 31, 2024 (Audited) April 30, 2024 (Unaudited) January 31, 2024 (Audited) ASSETS Current Assets Cash and Cash Equivalents 893 199 Accounts Receivable from Related Party - 1,416 Total Current Assets $ 893 $ 1,615 Fixed Assets Equipment, net 3,228 3,333 Total Fixed Assets $ 3,228 $ 3,333 Total Assets $ 4,121 $ 4,948 LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities Account Payable 12,365 9,782 Loan - - Loan Payable (to Parent Company) 5,000 5,000 Note Payable (to Ma) 500 - Note Payable (to Xue) 165 - SLI Loan Payable 2,784 - Total Current Liabilities $ 20,814 $ 14,782 Commitments and Contingencies - - Stockholders' Equity Common stock, par value $ 0.001 ; 75,000,000 shares authorized, 66,593,750 shares issued and outstanding as of January 31, 2024 $ 66,594 $ 66,594 Retained Earnings ( 83,287 ) ( 76,428 ) Total Stockholders' Equity $ ( 16,693 ) $ ( 9,834 ) Total Liabilities and Stockholders' Equity $ 4,121 $ 4,948 See accompanying notes, which are an integral part of these financial statements 2 GLIDELOGIC CORP. For the three months ended April 30, 2024 and 2023 (Unaudited) For the three months ended A

View Full Filing

View this 10-Q filing on SEC EDGAR