L A M Y Files 10-Q for Q2 FY2025

TL;DR

LAMY 10-Q filed for Nov 2024. Financials updated.

AI Summary

L A M Y filed its 10-Q for the period ending November 30, 2024. The company, incorporated in Wyoming, operates in the educational services sector. Its principal executive offices are located in London, UK. The filing covers the second quarter of fiscal year 2025.

Why It Matters

This filing provides investors with an update on L A M Y's financial performance and operational status for the second quarter of its fiscal year 2025.

Risk Assessment

Risk Level: low — This is a routine quarterly filing with no immediate red flags or significant new information presented.

Key Numbers

• Q2 2025 — Fiscal Quarter (Reporting period for the 10-Q)

Key Players & Entities

• L A M Y (company) — Filer of the 10-Q
• 20241130 (date) — End of reporting period
• 20250110 (date) — Filing date
• Wyoming (location) — State of incorporation
• London (location) — Business and mail address city

FAQ

Key Financial Figures

• $3.967 million — of November 30, 2024, was approximately $3.967 million. However, this figure should be interpr
• $0.0001 — ,000,000 shares of its common stock at $0.0001 per share for total proceeds of $ 500 .
• $0.01 — ts common stock at an offering price of $0.01 per share for total proceeds of $ 25,27
• $3,000.00 — ing agreed schedule: 1 st installment: $3,000.00 on or before July 1, 2023, 2 nd instal
• $4,000.00 — before July 1, 2024, 3 rd installment: $4,000.00 on or before July 1, 2025, The interes
• $3,000 — e interest amount was expected to be at $3,000; due with the final payment thereto. A
• $5,100.00 — ing agreed schedule: 1 st installment: $5,100.00 on or before September 20, 2023, 2 nd
• $5,000.00 — September 20, 2023, 2 nd installment: $5,000.00 on or before September 20, 2024, 3 rd
• $4,530 — e interest amount was expected to be at $4,530; due with the final payment thereto. A
• $0 — ded November 30, 2024 we have generated $0 in revenue as compared to $0 revenue du
• $80,659 — six months ended November 30, 2024 was $80,659. Operating expenses consist of mainly d
• $15,734 — six months ended November 30, 2023 was $15,734. Operating expenses consist of mainly d
• $24,854 — ovember 30, 2024, our total assets were $24,854 consisting of intangibles $4,703, equip
• $4,703 — were $24,854 consisting of intangibles $4,703, equipment $2,435 and cash and cash equ
• $2,435 — isting of intangibles $4,703, equipment $2,435 and cash and cash equivalents of $1,028

Filing Documents

• lamy_i10q-113024.htm (10-Q) — 256KB
• lamy_ex3101.htm (EX-31.1) — 9KB
• lamy_ex3102.htm (EX-31.2) — 10KB
• lamy_ex3201.htm (EX-32.1) — 3KB
• lamy_ex3202.htm (EX-32.2) — 4KB
• 0001683168-25-000221.txt ( ) — 2087KB
• lamy-20241130.xsd (EX-101.SCH) — 19KB
• lamy-20241130_cal.xml (EX-101.CAL) — 29KB
• lamy-20241130_def.xml (EX-101.DEF) — 43KB
• lamy-20241130_lab.xml (EX-101.LAB) — 190KB
• lamy-20241130_pre.xml (EX-101.PRE) — 155KB
• lamy_i10q-113024_htm.xml (XML) — 136KB

Financial Statements (Unaudited)

Financial Statements (Unaudited) Condensed Balance Sheets as of November 30,2024 (Unaudited) and May 31, 2024 (Audited) 4 Condensed Statements of Operations for the three and six months ended November 30,2024 and 2023 (Unaudited) 5 6 Condensed Statements of Cash Flows for the six months ended November 30,2024 and 2023 (Unaudited) 7 Notes to condensed Financial Statements (Unaudited) 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 14 Item 4.

Controls and Procedures

Controls and Procedures 15 PART II. OTHER INFORMATION Item 1 .

Legal Proceedings

Legal Proceedings 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 16

Signatures

Signatures 17 2 PART I

FINANCIAL STATEMENTS (UNAUDITED)

ITEM 1. FINANCIAL STATEMENTS (UNAUDITED) L A M Y CONDENSED UNAUDITED FINANCIAL STATEMENT FOR THE QUARTER ENDED NOVEMBER 30, 2024 INDEX TO UNAUDITED

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS Balance sheets as on November 30,2024 (Unaudited) and May 31, 2024 (Audited) 4 5 6 7 Notes to the Unaudited Financial Statements 8 3 L A M Y BALANCE SHEETS NOVEMBER 30, 2024 MAY 31, 2024 (Unaudited) (Audited) ASSETS Current Assets Cash & cash equivalents $ 1,028 $ 1,028 Accounts receivable 15,250 11,500 Interest receivable 1,439 436 Total current assets 17,717 12,964 Non-Current assets Intangibles (net) 4,703 9,537 Equipment (net) 2,435 4,952 Total non-Current assets 7,137 14,489 TOTAL ASSETS $ 24,854 $ 27,453 LIABILITIES AND STOCKHOLDERS' EQUITY/(DEFICIT) Current Liabilities Accrued expenses $ – $ 1,211 Advances from related parties – 12,958 Total current liabilities – 14,169 Non-Current Liabilities Loans from related parties – 18,100 Note payable – related party – 10,000 Note payable – others – 29,000 Accrued Interest – 11,079 Total non-current liabilities – 68,179 Total Liabilities – 82,348 Stockholders' Equity (Deficit) Common stock, $ 0.0001 par value, 100,000,000 shares authorized; 7,777,000 & 7,777,000 shares issued and outstanding as of November 30, 2024 & May 31, 2024 778 778 Additional Paid-In-Capital 27,492 27,492 Accumulated Deficit ( 3,416 ) ( 83,165 ) Total Stockholders' equity (deficit) 24,854 ( 54,895 ) TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) $ 24,854 $ 27,453 The accompanying notes are an integral part of these financial statements. 4 L A M Y OF OPERATIONS (UNAUDITED) THREE MONTHS ENDED NOVEMBER 30, 2024 THREE MONTHS ENDED NOVEMBER 30, 2023 SIX MONTHS ENDED NOVEMBER 30, 2024 SIX MONTHS ENDED NOVEMBER

financial statements

financial statements. 9 Fixed Assets Fixed assets are stated at cost, net of accumulated depreciation and accumulated impairment losses, if any. The cost comprises purchase price, borrowing costs, if capitalization criteria are met and directly attributable cost of bringing the asset to its working condition for the intended use. Any subsidy/reimbursement/contribution received for installation and acquisition of any fixed assets is shown as deduction in the year of receipt. Capital work- in progress is stated at cost. Subsequent expenditure related to an item of fixed assets is added to its book value only if it increases the future benefits from the existing asset beyond its previously assessed standard of performance. All other expenses on existing fixed assets, including day-to-day repairs and maintenance expenditure and cost of replacing parts, are charged to the Statement of Profit and Loss for the period during which such expenses are incurred. Gains or losses arising from de-recognition of fixed assets are measured as the difference between the net disposal proceeds and the carrying amount of the assets derecognized. The Company utilizes straight-line depreciation over the estimated useful life of the asset. Office Equipment – 3 years Earnings per Share ASC No. 260, "Earnings Per Share", specifies the computation, presentation and disclosure requirements for earnings (loss) per share for entities with publicly held common stock. The Company has adopted the provisions of ASC No. 260. Basic net loss per share amounts is computed by dividing the net loss by the weighted average number of common shares outstanding. Diluted earnings per share are the same as basic earnings per share due to the lack of dilutive items in the Company. NOTE 4 – EQUIPMENT (NET) Company acquired equipment as on May 25, 2022 for $ 15,100 . The Company depreciates its property using straight-line depreciation over the estimated useful life of 3 years. For the quarter end

MANAGEMENT'S

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION EMPLOYEES AND EMPLOYMENT AGREEMENTS At present our Chief Executive officer is Mr. Zhang Shengwu. We presently do not have pension, health, annuity, insurance, stock options, profit sharing or similar benefit plans; however, we intend to adopt such plans in the near future. On top of the employment agreements compensations of these two employees, there are presently no additional personal bonuses available to any officers, directors or employees. Results of Operation Our financial statements have been prepared assuming that we will continue as a going concern and, accordingly, do not include adjustments relating to the recoverability and realization of assets and classification of liabilities that might be necessary should we be unable to continue in operation. We expect we will require additional capital to meet our long-term operating requirements. We expect to raise additional capital through, among other things, the sale of equity or debt securities. Three Months Ended November 30, 2024 & 2023: During the three months ended November 30, 2024 we have generated $0 in revenue as compared to $0 revenue during the three months ended November 30, 2023. Our net income for the three months ended November 30, 2024 was 80,129. Operating expenses consist of mainly depreciation and amortization expenses & other administrative expenses. Our net loss for the three months ended November 30, 2023 was $ 3,573. Operating expenses consist of mainly depreciation and amortization expenses & other administrative expenses. Our net income for the six months ended November 30, 2024 was $80,659. Operating expenses consist of mainly depreciation and amortization expenses & other administrative expenses. Our net loss for the six months ended November 30, 2023 was $15,734. Operating expenses consist of mainly depreciation and amortization expenses & other administrative expenses. Liqu

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