Global Leaders Corp Files 10-Q for Q3 2024
Ticker: GLCP · Form: 10-Q · Filed: Sep 5, 2024 · CIK: 1830696
| Field | Detail |
|---|---|
| Company | Global Leaders Corp (GLCP) |
| Form Type | 10-Q |
| Filed Date | Sep 5, 2024 |
| Risk Level | low |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $1 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, financials, quarterly-report
TL;DR
GLC 10-Q filed. Financials for Q3 ending 7/31/24 out.
AI Summary
Global Leaders Corp filed a 10-Q for the period ending July 31, 2024. The filing covers financial information for the third quarter and the first nine months of their fiscal year. Specific financial figures and comparative data from prior periods are detailed within the report.
Why It Matters
This filing provides investors with an update on Global Leaders Corp's financial performance and position as of July 31, 2024, crucial for investment decisions.
Risk Assessment
Risk Level: low — This is a standard quarterly financial filing with no immediate red flags.
Key Numbers
- Q3 --10-31 — Fiscal Quarter End (Indicates the end of the third fiscal quarter.)
- 999077 — Document Count (Number of documents associated with the filing.)
Key Players & Entities
- GLOBAL LEADERS CORP (company) — Filer
- 0001830696 (company) — Central Index Key
- 20240731 (date) — Reporting Period End Date
- 20240905 (date) — Filing Date
FAQ
What is the reporting period for this 10-Q filing?
The conformed period of report is 20240731, meaning the financial data is as of July 31, 2024.
When was this 10-Q filed with the SEC?
This 10-Q was filed on 20240905.
What is the Standard Industrial Classification (SIC) code for Global Leaders Corp?
The SIC code is 8742, which corresponds to SERVICES-MANAGEMENT CONSULTING SERVICES.
What is the company's state of incorporation?
Global Leaders Corp is incorporated in Nevada (NV).
What are the business and mail addresses listed for Global Leaders Corp?
Both the business and mail addresses are listed as Units 2613-18, 26/F., Shui On Centre, 6-8 Harbour Road, Wanchai, K3.
Filing Stats: 4,594 words · 18 min read · ~15 pages · Grade level 15 · Accepted 2024-09-05 06:15:29
Key Financial Figures
- $1 — y 31, 2024 2023 Period-end HK$ : US$1 exchange rate 7.81 7.80 Period-aver
Filing Documents
- form10-q.htm (10-Q) — 429KB
- ex31-1.htm (EX-31.1) — 12KB
- ex32-1.htm (EX-32.1) — 7KB
- 0001493152-24-035075.txt ( ) — 2209KB
- glc-20240731.xsd (EX-101.SCH) — 16KB
- glc-20240731_cal.xml (EX-101.CAL) — 22KB
- glc-20240731_def.xml (EX-101.DEF) — 91KB
- glc-20240731_lab.xml (EX-101.LAB) — 154KB
- glc-20240731_pre.xml (EX-101.PRE) — 120KB
- form10-q_htm.xml (XML) — 246KB
Financial Information
Part I. Financial Information 4 Item 1.
Financial Statements
Financial Statements 4 Condensed Consolidated Balance Sheets as of July 31, 2024 (Unaudited) and October 31, 2023 4 Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - Three and nine months ended July 31, 2024 and 2023 5 Condensed Consolidated Statements of Stockholders' Equity (Deficit) (Unaudited) - Three and nine months ended July 31, 2024 and 2023 6 Condensed Consolidated Statements of Cash Flows (Unaudited) - Nine months ended July 31, 2024 and 2023 7 Notes to Condensed Consolidated Financial Statements (Unaudited) - Three and nine months ended July 31, 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 JULY 31, 2024 AND OCTOBER 31, 2023 (Expressed in U.S. Dollars) July 31, 2024 October 31, 2023 (Unaudited) ASSETS Current assets Cash and cash equivalents $ 4,379 $ 1,874 Prepaid expenses 4,800 2,871 Prepaid expense to related party 1,920 1,9