Global Leaders Corp Files 10-Q for April 30, 2024

TL;DR

GLC 10-Q filed. Financials for period ending 4/30/24 out.

AI Summary

Global Leaders Corp filed a 10-Q for the period ending April 30, 2024. The filing details financial information and business operations for the company, which operates in the management consulting services sector. Specific financial figures and operational details are presented within the report.

Why It Matters

This filing provides investors and stakeholders with an update on Global Leaders Corp's financial health and performance during the reporting period.

Risk Assessment

Risk Level: low — The filing is a standard quarterly report and does not indicate any immediate or significant risks.

Key Numbers

• 2024-04-30 — Reporting Period End Date (Indicates the end of the financial reporting period covered by the 10-Q.)
• 2024-06-11 — Filing Date (The date the 10-Q was officially submitted to the SEC.)

Key Players & Entities

• GLOBAL LEADERS CORP (company) — Filer
• 8742 (dollar_amount) — Standard Industrial Classification Code for Management Consulting Services
• NV (company) — State of Incorporation
• WANCHAI (company) — Business and Mail Address City
• 20240430 (date) — Conformed Period of Report
• 20240611 (date) — Filed as of Date

FAQ

Key Financial Figures

• $0.0001 — ere 154,394,750 shares of Common Stock, $0.0001 par value per share, outstanding. GLO
• $ — and records in the reporting currency US$, respectively. In general, for consol
• $1 — l 30, 2024 2023 Period-end HK$ : US$1 exchange rate 7.82 7.85 Period-aver

Filing Documents

• form10-q.htm (10-Q) — 402KB
• ex31-1.htm (EX-31.1) — 12KB
• ex32-1.htm (EX-32.1) — 7KB
• 0001493152-24-023403.txt ( ) — 2075KB
• glc-20240430.xsd (EX-101.SCH) — 15KB
• glc-20240430_cal.xml (EX-101.CAL) — 21KB
• glc-20240430_def.xml (EX-101.DEF) — 86KB
• glc-20240430_lab.xml (EX-101.LAB) — 145KB
• glc-20240430_pre.xml (EX-101.PRE) — 116KB
• form10-q_htm.xml (XML) — 219KB

Financial Information

Part I. Financial Information 4 Item 1.

Financial Statements

Financial Statements 4 Condensed Consolidated Balance Sheets as of April 30, 2024 (Unaudited) and October 31, 2023 4 Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - Three and six months ended April 30, 2024 and 2023 5 Condensed Consolidated Statements of Stockholders' Equity (Deficit) (Unaudited) - Three and six months ended April 30, 2024 and 2023 6 Condensed Consolidated Statements of Cash Flows (Unaudited) - Six months ended April 30, 2024 and 2023 7 Notes to Condensed Consolidated Financial Statements (Unaudited) - Three and six months ended April 30, 2024 and 2023 8 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 15 Item 4.

Controls and Procedures

Controls and Procedures 15

Other Information

Part II. Other Information 16 Item 1.

Legal Proceedings

Legal Proceedings 16 Item 1A.

Risk Factors

Risk Factors 16 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 16 Item 3. Defaults Upon Senior Securities 16 Item 4. Mine Safety Disclosures 16 Item 5. Other Information 16 Item 6. Exhibits 17

Signatures

Signatures 18 2 CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q of Global Leaders Corp., a Nevada corporation (the "Company"), contains "forward-looking

forward-looking statements by terminology such as "may", "will", "should", "could", "expects",

forward-looking statements by terminology such as "may", "will", "should", "could", "expects", "plans", "intends", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of such terms and other comparable terminology. These forward-looking expenditures as we pursue our business plan, and the adequacy of our available cash resources. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance, or achievements. Actual results may differ materially from the predictions discussed in these forward-looking statements. The economic environment within which we operate could materially affect our actual results. Our management has included projections and estimates in this Form 10-Q, which are based primarily on management's experience in the industry, assessments of our results of operations, discussions, and negotiations with third parties and a review of information filed by our competitors with the SEC or otherwise publicly available. We caution readers not to place undue reliance on any such forward-looking to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events. 3 PART I. FINANCIAL INFORMATION ITEM 1. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS. GLOBAL LEADERS CORP. CONDENSED CONSOLIDATED BALANCE SHEETS AS OF APRIL 30, 2024 AND OCTOBER 31, 2023 (Expressed in U.S. Dollars) April 30, 2024 October 31, 2023 (Unaudited) ASSETS Current assets Cash and cash equivalents $ 59,150 $ 1,874 Prepaid expenses 2,703 2,871 Prepaid expense to related party 1,918

View Full Filing

View this 10-Q filing on SEC EDGAR