Landbay Inc. Files 10-Q for Period Ending December 31, 2023

TL;DR

<b>Landbay Inc. filed its Q3 2024 10-Q report on February 5, 2024, detailing financial performance for the period ending December 31, 2023.</b>

AI Summary

Landbay Inc (LNBY) filed a Quarterly Report (10-Q) with the SEC on February 5, 2024. Landbay Inc. filed a 10-Q report for the period ending December 31, 2023. The filing covers the third quarter of fiscal year 2024. The company's fiscal year ends on March 31. The filing was submitted on February 5, 2024. Landbay Inc. is incorporated in New York and operates in the Gold & Silver Ores industry (SIC 1040).

Why It Matters

For investors and stakeholders tracking Landbay Inc, this filing contains several important signals. This 10-Q filing provides investors with an update on Landbay Inc.'s financial health and operational performance for the third quarter of its fiscal year. Understanding the details within this report is crucial for assessing the company's current financial standing and future prospects in the Gold & Silver Ores sector.

Risk Assessment

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

Analyst Insight

Review the detailed financial statements and management discussion within the 10-Q to understand Landbay Inc.'s performance and identify any emerging trends.

Key Numbers

• 2023-12-31 — Period of Report (Fiscal period end date)
• 2024-02-05 — Filed As Of Date (Date the filing was submitted)
• 0331 — Fiscal Year End (Company's fiscal year end month and day)
• Q3 — Quarter (Reporting quarter)

Key Players & Entities

• Landbay Inc. (company) — Filer
• 2023-12-31 (date) — Period of Report
• 2024-02-05 (date) — Filed as of Date
• NY (location) — State of Incorporation
• 1040 (industry_code) — Standard Industrial Classification
• 9172325799 (phone) — Business Phone
• Larison Inc (company) — Related entity in stock purchase agreement
• NorthernIfurniture Inc (company) — Related entity in stock purchase agreement

FAQ

Industry Context

Landbay Inc. operates within the Gold & Silver Ores industry, as indicated by its SIC code 1040. This sector is subject to commodity price fluctuations and regulatory oversight.

Regulatory Implications

As a company incorporated in New York, Landbay Inc. is subject to state and federal regulations governing publicly traded companies, including SEC reporting requirements.

What Investors Should Do

1. Analyze the financial statements within the 10-Q for revenue, expenses, and profitability trends.
2. Review any management discussion and analysis (MD&A) sections for insights into the company's strategy and outlook.
3. Compare the current period's financial data with prior periods to identify significant changes or performance shifts.

Key Dates

• 2024-02-05: 10-Q Filing — Submission of the quarterly report for the period ending December 31, 2023.
• 2023-12-31: Fiscal Period End — End date of the reporting period covered by the 10-Q.
• 2019-07-24: Stock Purchase Agreement — Date related to a stock purchase agreement with Larison Inc.

Year-Over-Year Comparison

This filing is a 10-Q, providing a quarterly update. Specific comparative data from the previous filing (likely a 10-K or prior 10-Q) is not detailed in this header information.

Key Financial Figures

• $1,102 — 2022, the Company generated revenue of $1,102 and $6,356, respectively. Cost of goods
• $6,356 — Company generated revenue of $1,102 and $6,356, respectively. Cost of goods sold for t
• $850 — ee months ended December 31, 2023 total $850, decreasing from $5,150 for the same qu
• $5,150 — er 31, 2023 total $850, decreasing from $5,150 for the same quarter of last year. Duri
• $7,988 — Company incurred operating expenses of $7,988 and $9,315, respectively. The decrease
• $9,315 — curred operating expenses of $7,988 and $9,315, respectively. The decrease was due to
• $7,722 — ber 31, 2023 and 2022, our net loss was $7,722 and $8,094, respectively. The decrease
• $8,094 — 3 and 2022, our net loss was $7,722 and $8,094, respectively. The decrease in net loss
• $4,280 — 2022, the Company generated revenue of $4,280 and $13,704, respectively. Cost of good
• $13,704 — Company generated revenue of $4,280 and $13,704, respectively. Cost of goods sold for t
• $3,722 — ne months ended December 31, 2023 total $3,722, decreasing from $5,150 for the same pe
• $32,883 — Company incurred operating expenses of $32,883 and $37,276, respectively. The change w
• $37,276 — urred operating expenses of $32,883 and $37,276, respectively. The change was due to th
• $32,348 — ber 31, 2023 and 2022, our net loss was $32,348 and $28,707, respectively. The increase
• $28,707 — and 2022, our net loss was $32,348 and $28,707, respectively. The increase in net loss

Filing Documents

• form10-q.htm (10-Q) — 343KB
• ex31-1.htm (EX-31.1) — 17KB
• ex31-2.htm (EX-31.2) — 18KB
• ex32-1.htm (EX-32.1) — 9KB
• 0001493152-24-004917.txt (&nbsp;) — 1493KB
• lnby-20231231.xsd (EX-101.SCH) — 11KB
• lnby-20231231_cal.xml (EX-101.CAL) — 19KB
• lnby-20231231_def.xml (EX-101.DEF) — 27KB
• lnby-20231231_lab.xml (EX-101.LAB) — 109KB
• lnby-20231231_pre.xml (EX-101.PRE) — 81KB
• form10-q_htm.xml (XML) — 107KB

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION Item 1

Financial Statements

Financial Statements 3 Condensed Balance Sheets as of December 31, 2023(Unaudited) and March 31, 2023 4 Condensed Statements of Operations (Unaudited) for the Three and Nine Months Ended December 31, 2023 and 2022 5 Condensed Statements of Changes in Stockholders' Deficit (Unaudited) for the Three and Nine Months Ended December 31, 2023 and 2022 6 Condensed Statements of Cash Flows (Unaudited) for the Nine Months Ended December 31, 2023 and 2022 7 Notes to Condensed Unaudited Financial Statements 8 Item 2

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

Management's Discussion and Analysis of Financial Condition and Results of Operation 10 Item 3

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 11 Item 4

Controls and Procedures

Controls and Procedures 11

- OTHER INFORMATION

PART II - OTHER INFORMATION Item 1

Legal Proceedings

Legal Proceedings 12 Item 1A

Risk Factors

Risk Factors 12 Item 2 Unregistered Sales of Equity Securities and Use of Proceeds 12 Item 3 Defaults Upon Senior Securities 12 Item 4 Mine Safety Disclosures 12 Item 5 Other Information 12 Item 6 Exhibits 13

SIGNATURES

SIGNATURES 14 EXHIBIT INDEX NOTE ABOUT FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q contains forward-looking statements. All statements contained in this Quarterly Report on Form 10-Q other than statements of historical fact, including statements regarding our future results of operations and financial position, our business strategy and plans, and our objectives for future operations, are forward-looking statements. The words "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "expect," and similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to a number of risks, uncertainties and assumptions. New risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. We undertake no obligation to revise or publicly release the results of any revision to these forward-looking statements, except as required by law. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Unless expressly indicated or the context requires otherwise, the terms "Landbay," "Company," "we," "us," and "our" in this document refer to Landbay Inc, a New York corporation. 2 PART I – FINANCIAL INFORMATION ITEM 1. FINANCIAL STATEMENTS LANDBAY INC INDEX TO FINANCIAL STATEMENTS Condensed Balance Sheets as of December 31, 2023(Unaudited) and March 31, 2023 4 Condensed Statements of Operations (Unaudited) for the Three and Nine Months Ended December 31, 2023 and 2022 5 Condensed Statements of Changes in Stockholders' Deficit (Unaudited) for the Three and Nine Months Ended December 31, 2023 and 2022 6 Condensed Statements of Cash Flows (Unaudited

View Full Filing

View this 10-Q filing on SEC EDGAR