Londax Corp. Files Quarterly Report for Period Ended November 30, 2023

TL;DR

<b>Londax Corp. has submitted its quarterly report (10-Q) for the period ending November 30, 2023, confirming compliance with filing requirements.</b>

AI Summary

Londax Corp. (LDXC) filed a Quarterly Report (10-Q) with the SEC on January 12, 2024. Londax Corp. filed a Form 10-Q for the quarterly period ended November 30, 2023. The company is incorporated in Wyoming and its principal executive offices are located in Cheyenne, WY. The filing covers the period from September 1, 2023, to November 30, 2023. The company's IRS Employer Identification Number is 35-2807931. Londax Corp. has filed all required reports for the preceding 12 months and the past 90 days.

Why It Matters

For investors and stakeholders tracking Londax Corp., this filing contains several important signals. This 10-Q filing provides investors and stakeholders with an update on Londax Corp.'s financial performance and operational status for the specified quarter. The report's submission indicates the company is current with its regulatory obligations, which is a positive sign for transparency and investor confidence.

Risk Assessment

Risk Level: low — Londax Corp. shows low risk based on this filing. The filing is a standard quarterly report with no immediate red flags, indicating a low level of immediate risk based on this document alone.

Analyst Insight

Review the detailed financial statements and management discussion within the full 10-Q filing to assess Londax Corp.'s performance and outlook.

Key Numbers

• 2023-11-30 — Quarterly Period End Date (The report covers the period ending on this date.)
• 2024-01-12 — Filing Date (The date the 10-Q was filed with the SEC.)
• 333-274140 — Commission File Number (The SEC's file number for Londax Corp.)

Key Players & Entities

• Londax Corp. (company) — Filer of the 10-Q report.
• Wyoming (location) — State of incorporation for Londax Corp.
• Cheyenne, WY (location) — Location of Londax Corp.'s principal executive offices.
• 35-2807931 (organization_id) — IRS Employer Identification Number for Londax Corp.
• November 30, 2023 (date) — End date of the quarterly reporting period.
• September 1, 2023 (date) — Start date of the quarterly reporting period.

FAQ

Industry Context

Londax Corp. operates within the Services-Computer Programming Services industry (SIC code 7371).

Regulatory Implications

The company is subject to the reporting requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934.

What Investors Should Do

1. Analyze the financial statements within the 10-Q for revenue, expenses, and profitability trends.
2. Review management's discussion and analysis (MD&A) for insights into business performance and future outlook.
3. Check for any new risk factors or updates to existing ones disclosed in the filing.

Key Dates

• 2023-11-30: Quarterly Period End — Marks the end of the reporting period for the 10-Q.
• 2024-01-12: Filing Date — Date the 10-Q was officially submitted to the SEC.

Year-Over-Year Comparison

This is the initial 10-Q filing for the period ending November 30, 2023, as indicated by the filing type and dates provided.

Key Financial Figures

• $0.001 — r consideration of $ 4,000 at par value $0.001 to director Olegs Pavlovs. The Company
• $5,000 — we have scheduled to pay an additional $5,000 at the end of January 2024. The Compan
• $14,697 — the Company generated total revenue of $14,697 and $0, respectively, from providing se
• $0 — generated total revenue of $14,697 and $0, respectively, from providing services
• $3,592 — ree months ended November 30, 2023 were $3,592 ($0 for the three months ended November
• $338 — ) consisting of depreciation expense of $338; general and administrative expenses of
• $12 — general and administrative expenses of $12

Filing Documents

• londax_i10q-113023.htm (10-Q) — 282KB
• londax_ex3101.htm (EX-31.1) — 11KB
• londax_ex3102.htm (EX-31.2) — 11KB
• londax_ex3201.htm (EX-32.1) — 4KB
• londax_ex3202.htm (EX-32.2) — 4KB
• 0001683168-24-000248.txt (&nbsp;) — 1526KB
• none-20231130.xsd (EX-101.SCH) — 15KB
• none-20231130_cal.xml (EX-101.CAL) — 21KB
• none-20231130_def.xml (EX-101.DEF) — 30KB
• none-20231130_lab.xml (EX-101.LAB) — 110KB
• none-20231130_pre.xml (EX-101.PRE) — 91KB
• londax_i10q-113023_htm.xml (XML) — 93KB

Financial Statements (Unaudited)

Financial Statements (Unaudited) 3 Balance Sheets – November 30, 2023 (Unaudited) and May 31, 2023 3 4 5 6 Notes to the Unaudited Financial Statements 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 17 Item 4.

Controls and Procedures

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

Legal Proceedings

Legal Proceedings 18 Item 1A

Risk Factors

Risk Factors 18 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 18 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 19

Signatures

Signatures 19 1 PART 1 – FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements The accompanying interim financial statements of LONDAX 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. 2 LONDAX CORP. BALANCE SHEETS November 30, 2023 (Unaudited) From May 19, 2023 (Inception) to May 31, 2023 ASSETS Cash $ 13,230 $ 4,000 Software in Development 37,000 – Total Current Assets 50,230 4,000 Fixed Assets, Net 467 561 Website, Net 3,171 – Total Assets $ 53,868 $ 4,561 LIABILITIES Notes Payable $ 32,000 $ – Related Party Loan 4,260 760 Total Current Liabilities 36,260 760 Common stock, $ 0.0001 par value, 75,000,000 shares authorized; 4,000,000 shares issued and outstanding 4,000 4,000 Accumulated income (deficit) 13,608 ( 199 ) Total Stockholder's Equity 17,608 3,801 Total Liabilities and Stockholder's Equity $ 53,868 $ 4,561 The accompanying notes are an integral part of these unaudited financial statements. 3 LONDAX CORP. Three months ended November 30, 2023 (Unaudited) Three months ended November 30, 2022 (Unaudited) Six months ended November 30, 2023 (Unaudited) Six months ended November 30, 2022 (Unaudited) REVENUES $ 14,697 $ – $ 25,297 $ – OPERATING EXPENSES Depreciation Expense 338 – 423 – General and Administrative Expenses 12 – 21 – Professional Fees 3,242 – 11,046 – TOTAL OPERATING EXPENSES 3,592 – 11,490 – NET INCOME (LOSS) FROM OPERATION

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

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

FORWARD LOOKING STATEMENTS

FORWARD LOOKING STATEMENTS This report contains forward-looking "believe", "plan", "expect", "future", "intend", and similar expressions to identify such forward-looking statements. Investors should be aware that all forward-looking statements contained within this filing are good faith estimates of management as of the date of this filing. Our actual results could differ materially from those anticipated in these forward-looking statements for many reasons, including the risks faced by us in this report. DESCRIPTION OF BUSINESS Our company was established as a Wyoming corporation on May 31, 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 are in process of developing and implementing our flagship product https://londax.ai/, which comprises a Customer Relationship Management (CRM) System, Applicant Tracking Systems (ATS), and out-staffing services. Our aim will be to provide high-quality and innovative business solutions to our clients while ensuring superior customer satisfaction. Our principal executive office is located at Puces iela 47, Riga, Latvia LV-1082. Our phone number is +372 712 1419. Our company plan to develop and implement a customized Customer Relationship Management (CRM) System that facilitates out-staffing for our future clients. Our software will be 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 pr

LEGAL PROCEEDINGS

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. RESULTS OF OPERATIONS Results of Operations for the three months ended November 30, 2023 and 2022: Revenue For the three months ended November 30, 2023 and 2022, the Company generated total revenue of $14,697 and $0, respectively, from providing services to its customers. Operating expenses Total expenses for the three months ended November 30, 2023 were $3,592 ($0 for the three months ended November 30, 2022) consisting of depreciation expense of $338; general and administrative expenses of $12

View Full Filing

View this 10-Q filing on SEC EDGAR