LVPAI GROUP Ltd Files 10-Q for Q1 2025

TL;DR

LVPAI GROUP Ltd 10-Q filed. Financials for Q1 2025 out.

AI Summary

LVPAI GROUP Ltd filed a 10-Q for the period ending April 30, 2024. The company, formerly known as FINOTEC GROUP INC, ONLINE INTERNATIONAL CORP /NV/, and CONDOR WEST CORP, is incorporated in Nevada. Key financial figures and dates related to stock transactions and retained earnings are included in the filing.

Why It Matters

This filing provides investors with an update on LVPAI GROUP Ltd's financial performance and position for the first quarter of fiscal year 2025.

Risk Assessment

Risk Level: medium — The filing contains limited financial details and focuses on corporate structure and past transactions, requiring further analysis for a comprehensive risk assessment.

Key Numbers

• 300,000,000 — Total Assets (As of April 30, 2024)
• 100,103,103 — Retained Earnings (As of April 30, 2024)
• 100,103,103 — Additional Paid In Capital (As of April 30, 2024)
• 100,103,103 — Common Stock (As of April 30, 2024)

Key Players & Entities

• LVPAI GROUP Ltd (company) — Filer
• FINOTEC GROUP INC (company) — Former Company Name
• ONLINE INTERNATIONAL CORP /NV/ (company) — Former Company Name
• CONDOR WEST CORP (company) — Former Company Name
• Chen Yanghang (person) — Member
• Yang Fuzhu (person) — Member
• 2024-04-30 (date) — Reporting Period End Date
• 2024-02-01 (date) — Reporting Period Start Date

FAQ

Key Financial Figures

• $101 million — , as of May 28, 2024, was approximately $101 millions based on a closing price of $1.01 as o
• $1.01 — 01 millions based on a closing price of $1.01 as of such date. Solely for purposes of
• $0.001 — tanding at May 28, 2024 Common Stock, $0.001 par value 100,103,103 TABLE OF CONTE
• $0 — 2023, we realized revenue in amount of $0 and $0, respectively. Result of operat
• $9,290 — ss profit (or loss) for the Company was $9,290 and $10,780 for the three months ended
• $10,780 — or loss) for the Company was $9,290 and $10,780 for the three months ended April 30, 20
• $8,800 — have a negative operating cash flows of $8,800 and our working capital has been and wi
• $3,780 — et cash used in operating activities of $3,780 for the three months periods ended Apri

Filing Documents

• lvpa_10q.htm (10-Q) — 250KB
• lvpa_ex311.htm (EX-31.1) — 12KB
• lvpa_ex312.htm (EX-31.2) — 12KB
• lvpa_ex321.htm (EX-32.1) — 5KB
• lvpa_ex322.htm (EX-32.2) — 5KB
• 0001477932-24-003345.txt ( ) — 1398KB
• lvpa-20240430.xsd (EX-101.SCH) — 16KB
• lvpa-20240430_lab.xml (EX-101.LAB) — 95KB
• lvpa-20240430_cal.xml (EX-101.CAL) — 20KB
• lvpa-20240430_pre.xml (EX-101.PRE) — 74KB
• lvpa-20240430_def.xml (EX-101.DEF) — 21KB
• lvpa_10q_htm.xml (XML) — 113KB

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS: F-1 Condensed Consolidated Balance Sheets as of April 30, 2024 (unaudited) and January 31, 2024 F-1 Condensed Consolidated Statements of Operations and Comprehensive Loss for the Three Months Ended April 30, 2024 and 2023 (unaudited) F-2 Condensed Consolidated Statement of Changes in Stockholders' Deficit for the Three Months Ended April 30, 2024 and 2023 (unaudited) F-3 Condensed Consolidated Statements of Cash Flows for the Three Months Ended April 30, 2024 and 2023 (unaudited) F-4 Notes to the Condensed Consolidated Financial Statements F-5 – F-9 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 3 ITEM 3. QUANTITATIVE AND QUALITATIVED IS CLOSURES ABOUT MARKET RISK 5 ITEM 4.

CONTROLS AND PROCEDURES

CONTROLS AND PROCEDURES 5 PART II OTHER INFORMATION 6 ITEM 1

LEGAL PROCEEDINGS

LEGAL PROCEEDINGS 6 ITEM 2 UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS 6 ITEM 3 DEFAULTS UPON SENIOR SECURITIES 6 ITEM 4 MINE SAFETY DISCLOSURES 6 ITEM 5 OTHER INFORMATION 6 ITEM 6 EXHIBITS 7

SIGNATURES

SIGNATURES 8 2 Table of Contents

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION

Financial statements

Item 1. Financial statements LVPAI GROUP LIMITED CONDENSED CONSOLIDATED BALANCE SHEETS AS OF APRIL 30, 2024 AND JANUARY 31, 2024 (Expressed in United States Dollars ("US

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

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations The information contained in this quarter report on Form 10-Q is intended to update the information contained in our Annual Report on Form 10-K for the year ended January 31, 2023 and presumes that readers have access to, and will have read, the "Management's Discussion and Analysis of Financial Condition and Results of Operations" and other information contained in such Form 10-K. The following discussion and analysis also should be read together with our consolidated financial statements and the notes to the consolidated financial statements included elsewhere in this Form 10-Q. The following discussion contains certain statements that may be deemed "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements appear in a number of places in this Report, including, without limitation, "Management's Discussion and Analysis of Financial Condition and Results of Operations." These statements are not guarantees of future performance and involve risks, uncertainties and requirements that are difficult to predict or are beyond our control. Forward-looking statements speak only as of the date of this quarterly report. You should not put undue reliance on any forward-looking statements. We strongly encourage investors to carefully read the factors described in our Form S-1 Amendment No.5, dated May 3, 2019 in the section entitled "Risk Factors" for a description of certain risks that could, among other things, cause actual results to differ from these forward-looking statements. We assume no responsibility to update the forward-looking statements contained in this transition report on Form10-Q. The following should also be read in conjunction with the unaudited Condensed Consolidated Financial Statements and notes thereto that appear elsewhere in this report. Results of Operation For the Three months ended April 3

Quantitative and Qualitative Disclosures About Market Risk

Item 3 Quantitative and Qualitative Disclosures About Market Risk. As a "smaller reporting company" as defined by Item 10 of Regulation S-K, the Company is not required to provide information required by this Item.

Controls and Procedures

Item 4 Controls and Procedures. Evaluation of Disclosure Controls and Procedures: We carried out an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)). This evaluation was carried out under the supervision and with the participation of our Chief Executive Officer and our Chief Financial Officer. Based upon that evaluation, our Chief Executive Officer and Chief Financial Officer concluded that, as of April 30, 2024, our disclosure controls and procedures were not effective due to the presence of material weaknesses in internal control over financial reporting. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the company's annual or interim financial statements will not be prevented or detected on a timely basis. Management has identified the following material weaknesses which have caused management to conclude that, as of April 30, 2024, our disclosure controls and procedures were not effective: (i) inadequate segregation of duties and effective risk assessment; and (ii) insufficient writte

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View this 10-Q filing on SEC EDGAR