Londax Corp. Revenue Soars 162% Amidst Development Stage Losses

TL;DR

**Londax Corp. is a high-risk bet on a nascent AI-powered CRM, showing revenue growth but still bleeding cash and operating with minimal staff.**

AI Summary

Londax Corp. (LDXC), a developmental-stage IT consulting and software development firm, reported a significant revenue increase of 162.5% to $66,410 for the fiscal year ended May 31, 2025, up from $25,297 in 2024. This growth was driven by a higher volume of services and an expanded customer base for its flagship product, londax.ai, which includes a CRM system, ATS, and out-staffing services. Despite increased revenue, the company recorded a net loss of $1,198 in 2025, a 36.3% improvement from the $1,882 net loss in 2024. Operating expenses surged by 104.6% to $55,608 in 2025, primarily due to higher general and administrative expenses and amortization expenses related to intangible asset development. The company's liquidity position as of May 31, 2025, showed $10,606 in cash against total liabilities of $55,653, including $51,372 in accounts payable. Londax Corp. relies on third-party hosting for its operations and has not experienced any material cybersecurity incidents to date, but acknowledges ongoing risks.

Why It Matters

Londax Corp.'s 162.5% revenue growth to $66,410 signals early market traction for its AI-powered CRM and ATS solutions, which could be a positive indicator for investors in the competitive IT consulting space. However, the company's continued net losses and reliance on a single employee, Olegs Pavlovs, raise significant operational and financial sustainability questions. For customers, the focus on customization and integration for small to midsize businesses could offer a tailored alternative to larger competitors, but the company's developmental stage implies potential risks in service delivery and long-term support. The broader market will watch if Londax Corp. can transition from a developmental-stage enterprise to a profitable entity, especially given its exposure to stringent EU regulations like GDPR and the NIS Directive.

Risk Assessment

Risk Level: high — The company is a developmental-stage enterprise with a net loss of $1,198 in 2025 and only $10,606 in cash against $55,653 in liabilities as of May 31, 2025. Furthermore, Londax Corp. has only one employee, its president Olegs Pavlovs, who dedicates approximately twenty hours per week, indicating severe operational limitations and key-personnel risk.

Analyst Insight

Investors should approach LDXC with extreme caution, recognizing it as a highly speculative venture given its developmental stage, minimal cash reserves, and single employee. Monitor future filings for significant capital raises, sustained profitability, and expansion of its operational team before considering any investment.

Financial Highlights

debt To Equity

N/A

revenue

$66,410

operating Margin

N/A

total Assets

N/A

total Debt

$55,653

net Income

-$1,198

eps

N/A

gross Margin

N/A

cash Position

$10,606

revenue Growth

+162.5%

Revenue Breakdown

Key Numbers

• $66,410 — Total Revenue (Increased by 162.5% for the year ended May 31, 2025, from $25,297 in 2024)
• $1,198 — Net Loss (Decreased by 36.3% for the year ended May 31, 2025, from $1,882 in 2024)
• 162.5% — Revenue Growth (Percentage increase in revenue from 2024 to 2025)
• $55,608 — Total Operating Expenses (Increased by 104.6% for the year ended May 31, 2025, from $27,179 in 2024)
• $10,606 — Cash on Hand (As of May 31, 2025, compared to $1,664 in 2024)
• $55,653 — Total Liabilities (As of May 31, 2025, compared to $18,772 in 2024)
• 1 — Number of Employees (Olegs Pavlovs, the president, is the sole employee)
• 5,231,135 — Common Shares Outstanding (As of May 31, 2025 and 2024)
• $0 — Aggregate Market Value of Equity (As of the last business day of the most recently completed second fiscal quarter, indicating no public market)
• 52 — Holders of Record (Number of common stock holders)

Key Players & Entities

• Londax Corp. (company) — registrant
• LDXC (company) — ticker symbol
• Olegs Pavlovs (person) — President and sole employee
• SEC (regulator) — Securities and Exchange Commission
• AWS (company) — cloud services provider
• OpenAI API (company) — AI functionality provider
• GDPR (regulator) — EU data protection regulation
• NIS Directive (regulator) — EU cybersecurity regulation
• Wyoming (regulator) — state of incorporation
• Latvia (regulator) — location of principal executive office

FAQ

Risk Factors

• Going Concern Uncertainty [high — financial]: The company has an accumulated deficit of $(3,279) and negative working capital of $(25,047). Its continuation as a going concern depends on improving profitability and securing financial support from stockholders and lenders.
• Reliance on Third-Party Hosting [medium — operational]: Londax Corp. relies on third-party hosting for its operations, specifically AWS. While no material cybersecurity incidents have occurred, ongoing risks associated with third-party infrastructure remain.
• Developmental Stage Operations [medium — operational]: As a developmental-stage enterprise, Londax Corp. is still building its business. This implies inherent risks in product development, market adoption, and achieving sustainable profitability.
• Limited Customer Base and Revenue [medium — market]: The company has a limited customer base and generated only $66,410 in revenue for FY2025. Significant growth is needed to achieve profitability and scale operations.

Industry Context

Londax Corp. operates in the IT consulting and software development sector, specifically focusing on CRM, ATS, and out-staffing services through its londax.ai platform. The industry is characterized by rapid technological advancements and a growing demand for integrated business solutions. Competitors range from large established software providers to niche consulting firms, making differentiation and effective market penetration crucial for developmental-stage companies like Londax.

Regulatory Implications

As a developmental-stage company, Londax Corp. faces standard regulatory requirements for business operations and financial reporting. While no specific regulatory risks are highlighted beyond general operational compliance, the company's reliance on third-party cloud services (AWS) means it is indirectly subject to data privacy regulations applicable to such providers. Future expansion into different jurisdictions may introduce new compliance challenges.

What Investors Should Do

1. Monitor revenue growth and customer acquisition closely.
2. Assess the company's strategy for managing operating expenses.
3. Evaluate the company's cash burn rate and future funding needs.
4. Understand the competitive landscape for londax.ai.

Key Dates

• 2023-05-19: Company Incorporation — Marks the official establishment of Londax Corp. as a Wyoming corporation.
• 2024-05-31: Fiscal Year End 2024 — Reporting period for initial financial results, showing $25,297 in revenue and a net loss of $1,882.
• 2025-05-31: Fiscal Year End 2025 — Reporting period for current financial results, showing significant revenue growth to $66,410 and a reduced net loss of $1,198.

Glossary

Developmental-stage enterprise

A company that has a limited operating history and has not yet generated significant revenue or achieved profitability. (Londax Corp. is classified as such, indicating it is in the early phases of business development and faces higher risks.)

Applicant Tracking System (ATS)

Software that helps companies manage the hiring process, from job posting to candidate selection. (This is a component of Londax Corp.'s flagship product, londax.ai, contributing to its service offerings.)

Amortization expense

The systematic allocation of the cost of an intangible asset over its useful life. (Increased significantly in FY2025 due to capitalization of intangible asset development costs, impacting net loss.)

Intangible asset development expenses

Costs incurred in developing assets that lack physical substance but have economic value, such as software. (These expenses contributed to the rise in General and Administrative expenses and subsequent amortization.)

Going concern

An assumption that a company will continue to operate for the foreseeable future without the threat of liquidation. (The company's ability to continue as a going concern is in question due to its financial condition, requiring external support.)

Negative working capital

Occurs when a company's current liabilities exceed its current assets. (Londax Corp. has $(25,047) in negative working capital as of May 31, 2025, indicating short-term liquidity challenges.)

Year-Over-Year Comparison

Londax Corp. has demonstrated substantial top-line growth, with revenue increasing by 162.5% to $66,410 in FY2025 compared to $25,297 in FY2024. This growth was accompanied by a significant rise in operating expenses, up 104.6% to $55,608, primarily due to increased G&A and amortization. Despite the operational expansion, the net loss improved by 36.3% to $1,198. The company's cash position improved to $10,606 from $1,664, but total liabilities also grew substantially to $55,653 from $18,772, highlighting an ongoing need for capital.

Key Financial Figures

• $0.001 — hange Act: ordinary shares, par value $0.001 per share (Title of Class) Indicate
• $5 — ty securities with a price of less than $5.00, other than securities registered on
• $4,000 — k to our president for consideration of $4,000 at par value $0.001 per share. In Janu
• $21,156 — es of common stock for consideration of $21,156 at par value $0.03 per share. In Febru
• $0.03 — r consideration of $21,156 at par value $0.03 per share. In February 2024 the Compan
• $12,606 — es of common stock for consideration of $12,606 at par value $0.03 per share. In March
• $3,172 — es of common stock for consideration of $3,172 at par value $0.03 per share. There we
• $66,410 — the Company generated total revenue of $66,410 and $25,297, respectively, from providi
• $25,297 — generated total revenue of $66,410 and $25,297, respectively, from providing services
• $41,113 — ers. Revenue increased by approximately $41,113, or 162.5%, for the year ended May 31,
• $12,000 — es for the years ended May 31, 2025 was $12,000, compared to $0 for the comparable peri
• $0 — d May 31, 2025 was $12,000, compared to $0 for the comparable period in 2024. 8
• $55,608 — es for the year ended May 31, 2025 were $55,608 ($27,179 for the year ended May 31, 202
• $27,179 — e year ended May 31, 2025 were $55,608 ($27,179 for the year ended May 31, 2024) consis
• $11,287 — mortization and depreciation expense of $11,287 ($1,100 for the year ended May 31, 2024

Filing Documents

• londax_10k-053125.htm (10-K) — 374KB
• londax_ex1900.htm (EX-19) — 40KB
• londax_ex2301.htm (EX-23.1) — 3KB
• londax_ex3101.htm (EX-31.1) — 10KB
• londax_ex3102.htm (EX-31.2) — 10KB
• londax_ex3201.htm (EX-32.1) — 4KB
• 0001683168-25-006612.txt ( ) — 2265KB
• none-20250531.xsd (EX-101.SCH) — 18KB
• none-20250531_cal.xml (EX-101.CAL) — 29KB
• none-20250531_def.xml (EX-101.DEF) — 42KB
• none-20250531_lab.xml (EX-101.LAB) — 197KB
• none-20250531_pre.xml (EX-101.PRE) — 161KB
• londax_10k-053125_htm.xml (XML) — 133KB

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations. 8 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk. 10 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data. 11 Item 9. Changes In and Disagreements With Accountants on Accounting and Financial Disclosure. 11 Item 9A.

Controls and Procedures

Controls and Procedures. 11 Item 9B. Other Information. 12 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections. 12 PART III Item 10 Directors, Executive Officers and Corporate Governance. 13 Item 11.

Executive Compensation

Executive Compensation. 15 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters. 15 Item 13. Certain Relationships and Related Transactions, and Director Independence. 16 Item 14. Principal Accounting Fees and Services. 16 PART IV Item 15. Exhibits and Financial Statement Schedules. 17 Item 16. Form 10–K Summary. 17

Signatures

Signatures 18 2 PART I

Business

Item 1. Business. DESCRIPTION OF BUSINESS Our company was established as a Wyoming corporation on May 19, 2023. As a developmental-stage enterprise, our primary focus is on offering IT consulting services and software development solutions. Our web site is https://londaxcorp.com/. Currently, we have developed and implemented our flagship product https://londax.ai/, which comprises a Customer Relationship Management (CRM) System, Applicant Tracking Systems (ATS), and out-staffing services. Our principal executive office is located at Puces iela 47, Riga, Latvia LV-1082. Our phone number is +371 29591676. Our company develop and implement a customized Customer Relationship Management (CRM) System that facilitates out-staffing for our future clients. Our software is designed to seamlessly integrate into our clients' corporate structure, enabling them to hire and manage their staff, including top managers and IT specialists, with ease. We are intending to operate in Europe with potential for working worldwide. From a technical perspective, londax.ai is a web application consisting of Frontend and Backend components hosted on cloud services provided by AWS. Londax.ai CRM system is developed for analyzing and monitoring the recruitment process using a funnel (hiring stages) and analyzing the KPIs of the already hired personnel. Currently, our main dashboard consists of: 1) Segment for Recruitment: funnel, creating job postings (manual \ AI) and portal for applicants.2) Segment for; Employees: Profile, password and personal data change and Help. For the Artificial Intelligence functionality (advertisement generation), the OpenAI API is used. Revenue Our possible revenue streams are following: 1. Subscription-Based Revenue Model: This revenue stream involves charging clients a monthly or annual fee for access to our CRM system. We can offer various rate plans, enabling clients to choose a subscription that best suits their needs and budget. 2. Customization

Risk Factors

Item 1A. Risk Factors. Not applicable to smaller reporting companies.

Unresolved Staff Comments

Item 1B. Unresolved Staff Comments. Not applicable to smaller reporting companies.

Cybersecurity

Item 1C. Cybersecurity . The Company currently relies on third-party hosting and software providers for its core platform operations, email communications, and data storage. These vendors maintain their own cybersecurity programs, which include network protection, access controls, and incident response procedures. While Londax Corp. does not yet employ a dedicated IT security team, its directors are actively involved in overseeing operational and technological risk, including cybersecurity. Executive management , consisting of the Chief Executive Officer and the Board, is responsible for identifying, evaluating, and responding to potential cyber risks. The Company periodically reviews its internal systems and third-party vendor protocols to assess vulnerabilities and ensure secure handling of sensitive business information. To date, Londax Corp. has not experienced any material cybersecurity incidents, and no specific threat has materially affected or is reasonably likely to materially affect the Company's business strategy, operations, or financial condition. However, the Company recognizes that its reliance on cloud infrastructure and digital communication tools poses an ongoing cybersecurity risk and will continue to assess and strengthen controls as operations scale. Management plans to formalize its cybersecurity policies and implement internal training protocols as the business grows. As of May 31, 2025, we have not identified an indication of a cybersecurity incident that would have a material impact on our business and consolidated financial statements. However, despite our efforts, we cannot eliminate all risks from cybersecurity threats, or provide assurances that we have not experienced undetected cybersecurity incidents. 5

Properties

Item 2. Properties. We do not own any real estate or other properties.

Legal Proceedings

Item 3. Legal Proceedings. During the past ten years, none of the following occurred with respect to the President of the Company: (1) any bankruptcy petition filed by or against any business of which such person was a general partner or executive officer either at the time of the bankruptcy or within two years prior to that time; (2) any conviction in a criminal proceeding or being subject to a pending criminal proceeding (excluding traffic violations and other minor offenses); (3) being subject to any order, judgment or decree, not subsequently reversed, suspended or vacated, of any court of any competent jurisdiction, permanently or temporarily enjoining, barring, suspending or otherwise limiting his involvement in any type of business, securities or banking activities; and (4) being found by a court of competent jurisdiction (in a civil action), the SEC or the commodities futures trading commission to have violated a federal or state securities or commodities law, and the judgment has not been reversed, suspended or vacated. We are not currently a party to any legal proceedings, and we are not aware of any pending or potential legal actions.

Mine Safety Disclosures

Item 4. Mine Safety Disclosures. Not applicable. 6 PART II

Market for Registrant's Common

Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities. MARKET INFORMATION There is presently no public market for our common stock. We anticipate making an application for trading of our common stock on the OTC Link upon the effectiveness of the registration that a public market will materialize. The Securities Exchange Commission has adopted rules that regulate broker-dealer practices in connection with transactions in penny stocks. Penny stocks are generally equity securities with a price of less than $5.00, other than securities registered on certain national securities exchanges or quoted on the NASDAQ system, provided that current price and volume information with respect to transactions in such securities is provided by the exchange or system. The penny stock rules require a broker-dealer, prior to a transaction in a penny stock, to deliver a standardized risk disclosure document prepared by the Commission, that: (a) contains a description of the nature and level of risk in the market for penny stocks in both public offerings and secondary trading;(b) contains a description of the broker's or dealer's duties to the customer and of the rights and remedies available to the customer with respect to a violation to such duties or other requirements of Securities' laws; (c) contains a brief, clear, narrative description of a dealer market, including bid and ask prices for penny stocks and the significance of the spread between the bid and ask price;(d) contains a toll-free telephone number for inquiries on disciplinary actions;(e) defines significant terms in the disclosure document or in the conduct of trading in penny stocks; and;(f) contains such other information and is in such form, including language, type, size and format, as the Commission shall require b

Management's Discussion and Analysis of Financial Condition

Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations. Results of Operations for the years ended May 31, 2025 and 2024: Revenue For the years ended May 31, 2025 and 2024, the Company generated total revenue of $66,410 and $25,297, respectively, from providing services to its customers. Revenue increased by approximately $41,113, or 162.5%, for the year ended May 31, 2025, compared to the same period in 2024. The increase was mainly due to a higher volume of services delivered and an expanded customer base. Cost of sales Cost of sales for the years ended May 31, 2025 was $12,000, compared to $0 for the comparable period in 2024. 8 Operating expenses Total operating expenses for the year ended May 31, 2025 were $55,608 ($27,179 for the year ended May 31, 2024) consisting of amortization and depreciation expense of $11,287 ($1,100 for the year ended May 31, 2024); general and administrative expenses of $26,932 ($4,271 for the year ended May 31, 2024); professional fees of $17,389 ($21,808 for the year ended May 31, 2024). Operating expenses increased by approximately $28,429, or 104.6%, for the year ended May 31, 2025 as compared to the same period of 2024. The change was primarily due to higher General and Administrative expenses and amortization expenses. General and Administrative expenses increased due to an increase in intangible asset development expenses. Amortization expenses increased as the Company capitalized a portion of the intangible asset development costs. Net Losses The company recorded a net loss of $1,198 for the years ended May 31, 2025, and $1,882 for the year ended May 31, 2024. As a result of the factors described above, net loss for the year ended May 31, 2025 decreased by approximately $684, or 36.3%, as compared for the same period for 2024. LIQUIDITY AND CAPITAL RESOURCES As of May 31, 2025, the Company had $10,606 in cash and our liabilities were $55,653, comprising $51,372 in accou

Quantitative and Qualitative Disclosures

Item 7A. Quantitative and Qualitative Disclosures about Market Risk. Not applicable for smaller reporting companies. 10

Financial Statements and Supplementary

Item 8. Financial Statements and Supplementary Data . INDEX TO FINANCIAL STATEMENTS Reports of Independent Registered Public Accounting Firms (PCAOB ID: 6993) F-2 Balance Sheets – May 31, 2025 and 2024 F-4 F-5 F-6 F-7 Notes to the Financial Statements F-8 F-1 Report of Independent Registered Public Accounting Firm The Board of Directors and Stockholders of LONDAX CORP. Opinion on the Financial Statements We have audited the accompanying balance sheets of Londax Corp (the Company') as of May 31, 2025 and 2024, and the related statements of operations, changes in stockholders' equity / (deficit) and cash flows for each of the two years in the period ended May 31, 2025 and 2024, and the related notes (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of May 31, 2025 and 2024, and the results of its operations and its cash flows for each of the two years in the period ended May 31, 2025 and 2024, in conformity with accounting principles generally accepted in the United States of America. Going Concern The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 2, the Company suffered an accumulated deficit of $(3,279), and a negative working capital of $(25,047). The Company currently have limited revenue. The continuation of the Company as a going concern is dependent upon improving the profitability and the continuing financial support from its stockholders and lenders. Management believes the existing shareholders or external fund providers will

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