Landbay Inc. Files 2024 10-K, Details Financials

TL;DR

Landbay Inc. 10-K filed: Financials for FY24 out, shows common stock, APIC, retained earnings for 2022-2024.

AI Summary

Landbay Inc. filed its 10-K for the fiscal year ending March 31, 2024, reporting on its financial performance and business operations. The filing provides details on the company's balance sheet, including common stock, additional paid-in capital, and retained earnings for the fiscal years 2022, 2023, and 2024. Landbay Inc. is incorporated in New York and operates in the Gold & Silver Ores industry.

Why It Matters

This 10-K filing provides investors and stakeholders with a comprehensive overview of Landbay Inc.'s financial health and operational status for the fiscal year ending March 31, 2024.

Risk Assessment

Risk Level: low — The provided text is a standard 10-K filing header and does not contain specific risk factors or operational details that would indicate a high-risk level.

Key Numbers

• 2024-03-31 — Fiscal Year End (Reporting period for the 10-K)
• 2023-03-31 — Previous Fiscal Year End (Comparative financial data)
• 2022-03-31 — Prior Fiscal Year End (Comparative financial data)

Key Players & Entities

• Landbay Inc. (company) — Filer of the 10-K
• March 31, 2024 (date) — Fiscal year end
• New York (location) — State of incorporation
• Gold & Silver Ores (industry) — Standard Industrial Classification

FAQ

Key Financial Figures

• $5.00 — ty that has a market price of less than $5.00 per share or with an exercise price of
• $2.3 — n stock reported on the OTC Markets was $2.3 per share. The following table sets for
• $9,539 — enerated sales revenue in the amount of $9,539. During the year ended March 31, 2023,
• $18,188 — pany generated revenue in the amount of $18,188 for sales of furniture. The decrease in
• $43,164 — he Company's operating expenses were at $43,164 and $47,876, respectively. The decrease
• $47,876 — operating expenses were at $43,164 and $47,876, respectively. The decrease of operatin
• $13,137 — rch 31, 2024 and 2023, our net loss was $13,137 and $37,667, respectively. The decrease
• $37,667 — and 2023, our net loss was $13,137 and $37,667, respectively. The decrease in net loss
• $453,051 — 2023, we had an accumulated deficit of $453,051 and $439,914, respectively. As of March
• $439,914 — an accumulated deficit of $453,051 and $439,914, respectively. As of March 31, 2024, we
• $8,761 — y. As of March 31, 2024, we had cash of $8,761 and a working capital deficiency of $97
• $97,392 — 761 and a working capital deficiency of $97,392. As of March 31, 2023, we had cash of $
• $8,105 — 2. As of March 31, 2023, we had cash of $8,105 and working capital deficiency of $84,2
• $84,255 — 8,105 and working capital deficiency of $84,255. The increase in the working capital de

Filing Documents

• form10-k.htm (10-K) — 453KB
• ex31-1.htm (EX-31.1) — 18KB
• ex31-2.htm (EX-31.2) — 18KB
• ex32-1.htm (EX-32.1) — 9KB
• image_001.jpg (GRAPHIC) — 38KB
• 0001493152-24-025788.txt ( ) — 2126KB
• lnby-20240331.xsd (EX-101.SCH) — 13KB
• lnby-20240331_cal.xml (EX-101.CAL) — 20KB
• lnby-20240331_def.xml (EX-101.DEF) — 52KB
• lnby-20240331_lab.xml (EX-101.LAB) — 135KB
• lnby-20240331_pre.xml (EX-101.PRE) — 110KB
• form10-k_htm.xml (XML) — 150KB

Risk Factors

Item 1A. Risk Factors 5

Unresolved Staff Comments

Item 1B. Unresolved Staff Comments 5

Properties

Item 2. Properties 5

Legal Proceedings

Item 3. Legal Proceedings 5

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 5 PART II

Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 6

Selected Financial Data

Item 6. Selected Financial Data 8

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

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

Quantitative and Qualitative Disclosures About Market Risk

Item 7A. Quantitative and Qualitative Disclosures About Market Risk 9

Financial Statements and Supplementary Data

Item 8. Financial Statements and Supplementary Data 9

Changes in and Disagreements with Accountants on Accounting and Financial Disclosure

Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 10

Controls and Procedures

Item 9A. Controls and Procedures 10

Other Information

Item 9B. Other Information 10 PART III

Directors, Executive Officers and Corporate Governance

Item 10. Directors, Executive Officers and Corporate Governance 11

Executive Compensation

Item 11. Executive Compensation 13

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

Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 14

Certain Relationships and Related Transactions, and Director Independence

Item 13. Certain Relationships and Related Transactions, and Director Independence 14

Principal Accounting Fees and Services

Item 14. Principal Accounting Fees and Services 15 PART IV

Exhibits, Financial Statement Schedules

Item 15. Exhibits, Financial Statement Schedules 16

Signatures

Signatures 17 2 NOTE ABOUT FORWARD-LOOKING STATEMENTS The information contained in this Report includes some statements that are not purely historical and that are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and as such, may involve risks and uncertainties. These forward-looking statements relate to, among other things, expectations of the business environment in which we operate, perceived opportunities in the market and statements regarding our mission and vision. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. You can generally identify forward-looking statements as statements containing the words "anticipates," "believes," "continue," "could," "estimates," "expects," "intends," "may," "might," "plans," "possible," "potential," "predicts," "projects," "seeks," "should," "will," "would" and similar expressions, or the negatives of such terms, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking forward-looking statements. The forward-looking statements contained herein are based on various assumptions, many of which are based, in turn, upon further assumptions. Our expectations, beliefs and forward-looking statements are expressed in good faith on the basis of management's views and assumptions as of the time the statements are made, but there can be no assurance that management's expectations, beliefs or projections will result or be achieved or accomplished. In addition to other factors and matters discussed elsewhere herein, the following are important

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