Londax Corp. Files 10-Q for Period Ending February 29, 2024

TL;DR

<b>Londax Corp. has submitted its quarterly 10-Q filing, detailing financial performance up to February 29, 2024.</b>

AI Summary

Londax Corp. (LDXC) filed a Quarterly Report (10-Q) with the SEC on April 3, 2024. Londax Corp. filed a 10-Q report for the period ending February 29, 2024. The company's fiscal year ends on May 31st. The filing covers the third quarter of the fiscal year. The report includes financial data for periods ending February 29, 2024, and comparative periods. Key financial statement components like Common Stock, Additional Paid-In Capital, and Retained Earnings are detailed for various dates.

Why It Matters

For investors and stakeholders tracking Londax Corp., this filing contains several important signals. This filing provides investors with the latest financial snapshot of Londax Corp., crucial for understanding its current financial health and operational performance. The detailed breakdown of equity components (Common Stock, Additional Paid-In Capital, Retained Earnings) allows for analysis of capital structure changes and profitability over time.

Risk Assessment

Risk Level: low — Londax Corp. shows low risk based on this filing. The filing is a standard 10-Q, providing routine financial disclosures without immediate indicators of significant risk or opportunity.

Analyst Insight

Monitor future filings for revenue growth, profitability trends, and any changes in equity structure to assess Londax Corp.'s financial trajectory.

Key Numbers

• 2024-02-29 — Period End Date (End of the reporting period for the 10-Q)
• 2024-04-03 — Filing Date (Date the 10-Q was filed with the SEC)
• 0531 — Fiscal Year End (Londax Corp.'s fiscal year end date)
• 7371 — SIC Code (Standard Industrial Classification for Computer Programming Services)

Key Players & Entities

• Londax Corp. (company) — Filer of the 10-Q report
• 2024-02-29 (date) — End of the reporting period for the 10-Q
• 2024-04-03 (date) — Filing date of the 10-Q
• WY (location) — State of incorporation and business address
• CHEYENNE (location) — City of business address
• RIGA (location) — City of mail address
• LV-1082 (postal_code) — ZIP code for mail address
• Olegs Pavlovs (person) — Mentioned in relation to a date and equity components

FAQ

Industry Context

Londax Corp. operates within the Computer Programming Services industry, a sector characterized by software development, IT consulting, and data processing services.

Regulatory Implications

As a publicly traded company, Londax Corp. is subject to SEC regulations, requiring regular filings such as this 10-Q to ensure transparency and compliance with securities laws.

What Investors Should Do

1. Review the full 10-Q filing for detailed financial statements and management's discussion and analysis.
2. Compare the reported equity balances with previous periods to identify trends in capital structure.
3. Note the company's fiscal year end of May 31st for future reporting period context.

Key Dates

• 2024-02-29: Quarterly Period End — End date for the financial data presented in the 10-Q
• 2024-04-03: Filing Date — Date the 10-Q was officially submitted to the SEC

Year-Over-Year Comparison

This filing represents the latest quarterly update for Londax Corp., providing current financial information subsequent to prior filings.

Key Financial Figures

• $0.001 — r consideration of $ 4,000 at par value $0.001 to director Olegs Pavlovs. The Company
• $0.03 — consideration of $ 21,156 at par value $0.03 per share. In February 2024 the Compan
• $3,172 — es of common stock for consideration of $3,172 at par value $0.03 per share. 11 ITE

Filing Documents

• londax_10q-022924.htm (10-Q) — 311KB
• 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
• 0001683168-24-002075.txt (&nbsp;) — 1811KB
• none-20240229.xsd (EX-101.SCH) — 15KB
• none-20240229_cal.xml (EX-101.CAL) — 22KB
• none-20240229_def.xml (EX-101.DEF) — 36KB
• none-20240229_lab.xml (EX-101.LAB) — 157KB
• none-20240229_pre.xml (EX-101.PRE) — 131KB
• londax_10q-022924_htm.xml (XML) — 122KB

Financial Statements (Unaudited)

Financial Statements (Unaudited) 3 Balance Sheets – February 29, 2024 (Unaudited) and May 31, 2023 4 5 6 7 Notes to the Unaudited Financial Statements 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 12 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 18 PART II OTHER INFORMATION: Item 1.

Legal Proceedings

Legal Proceedings 19 Item 1A

Risk Factors

Risk Factors 19 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 19 Item 3. Defaults Upon Senior Securities 19 Item 4. Submission of Matters to a Vote of Securities Holders 19 Item 5. Other Information 19 Item 6. Exhibits 19

Signatures

Signatures 20 2 PART 1 – FINANCIAL INFORMATION Item 1.

Financial Statements

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. 3 LONDAX CORP. BALANCE SHEETS February 29, 2024 (Unaudited) From May 19, 2023 (Inception) to May 31, 2023 ASSETS Cash $ 26,158 $ 4,000 Software in Development 37,000 – Total Current Assets 63,158 4,000 Fixed Assets, Net 421 561 Website, Net 2,879 – Total Assets $ 66,458 $ 4,561 LIABILITIES & STOCKHOLDERS' EQUITY Notes Payable $ 14,512 $ – Related Party Loan 4,260 760 Total Current Liabilities 18,772 760 Common stock, $ 0.001 par value, 75,000,000 shares authorized; 5,125,403 and 4,000,000 shares issued and outstanding, respectively 5,125 4,000 Additional paid-in capital 32,637 – Accumulated income (deficit) 9,924 ( 199 ) Total Stockholders' Equity 47,686 3,801 Total Liabilities and Stockholders' Equity $ 66,458 $ 4,561 The accompanying notes are an integral part of these unaudited financial statements. 4 LONDAX CORP. Three months ended February 29, 2024 (Unaudited) Three months ended February 28, 2023 (Unaudited) Nine months ended February 29, 2024 (Unaudited) Nine months ended February 28, 2023 (Unaudited) REVENUES $ – $ – $ 25,297 $ – OPERATING EXPENSES Depreciation Expense 338 – 761 – General and Administrative Expenses 231 – 252 – Professional Fees 3,115 –

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,

View Full Filing

View this 10-Q filing on SEC EDGAR