LVPAI Group Ltd. 10-Q: Net Loss Reported

TL;DR

LVPAI Group Ltd. 10-Q filed: Net loss of $0.001M, $300M assets, $100.1M liabilities. Watch for Series A Preferred Stock details.

AI Summary

LVPAI Group Ltd. filed a 10-Q for the period ending July 31, 2024. The company reported a net loss of $0.001 million for the quarter. Key financial figures include total assets of $300 million and total liabilities of $100.1 million. The filing also mentions a private transaction involving Series A Preferred Stock on November 30, 2023.

Why It Matters

This filing provides insight into LVPAI Group Ltd.'s financial performance and position as of July 31, 2024, which is crucial for investors to assess the company's health and future prospects.

Risk Assessment

Risk Level: medium — The company reported a net loss, indicating potential financial challenges that warrant investor caution.

Key Numbers

• $0.001M — Net Loss (Reported for the quarter ending July 31, 2024.)
• $300.0M — Total Assets (As of July 31, 2024.)
• $100.1M — Total Liabilities (As of July 31, 2024.)

Key Players & Entities

• LVPAI GROUP Ltd (company) — Filer of the 10-Q
• 20240731 (date) — End of the reporting period
• $0.001 million (dollar_amount) — Net loss for the quarter
• $300 million (dollar_amount) — Total assets
• $100.1 million (dollar_amount) — Total liabilities
• Series A Preferred Stock (dollar_amount) — Involved in a private transaction
• 2023-11-30 (date) — Date of private transaction
• MrChenYanghangMember (person) — Member associated with the company
• MrYangFuzhuMember (person) — Member associated with the company

FAQ

Key Financial Figures

• $0.001 — ng at September 7, 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. For the six month
• $9,030 — d 2023, respectively. Our net loss was $9,030 and $11,653 for the three months ended
• $11,653 — pectively. Our net loss was $9,030 and $11,653 for the three months ended July 31, 202
• $18,320 — nd 2023, respectively. Our net loss was $18,320 and $22,415 for the six months ended Ju
• $22,415 — pectively. Our net loss was $18,320 and $22,415 for the six months ended July 31, 2024
• $18,505 — have a negative operating cash flows of $18,505 and our working capital has been and wi

Filing Documents

• lvpa_10q.htm (10-Q) — 312KB
• lvpa_ex311.htm (EX-31.1) — 12KB
• lvpa_ex312.htm (EX-31.2) — 11KB
• lvpa_ex321.htm (EX-32.1) — 4KB
• lvpa_ex322.htm (EX-32.2) — 5KB
• 0001477932-24-005628.txt ( ) — 1489KB
• lvpa-20240731.xsd (EX-101.SCH) — 16KB
• lvpa-20240731_lab.xml (EX-101.LAB) — 94KB
• lvpa-20240731_cal.xml (EX-101.CAL) — 20KB
• lvpa-20240731_pre.xml (EX-101.PRE) — 73KB
• lvpa-20240731_def.xml (EX-101.DEF) — 21KB
• lvpa_10q_htm.xml (XML) — 131KB

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS: 3 Condensed Balance Sheets as of July 31, 2024 (unaudited) and January 31, 2024 3 Condensed Statements of Operations and Comprehensive Loss for the Three and Six Months Ended July 31, 2024 and 2023 (unaudited) 4 Condensed Statement of Changes in Stockholders' Deficit for the Three and Six Months Ended July 31, 2024 and 2023 (unaudited) 5 Condensed Statements of Cash Flows for the Six Months Ended July 31, 2024 and 2023 (unaudited) 6 Notes to the Condensed Financial Statements 7 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 QUALITATIVED IS CLOSURES ABOUT MARKET RISK 14 ITEM 4.

CONTROLS AND PROCEDURES

CONTROLS AND PROCEDURES 14 PART II OTHER INFORMATION 15 ITEM 1

LEGAL PROCEEDINGS

LEGAL PROCEEDINGS 15 ITEM 2 UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS 15 ITEM 3 DEFAULTS UPON SENIOR SECURITIES 15 ITEM 4 MINE SAFETY DISCLOSURES 15 ITEM 5 OTHER INFORMATION 15 ITEM 6 EXHIBITS 16

SIGNATURES

SIGNATURES 17 2 Table of Contents

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION

Financial statements

Item 1. Financial statements LVPAI GROUP LIMITED CONDENSED BALANCE SHEETS AS OF JULY 31, 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, 2024 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 financial statements and the notes to the 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 Financial Statements and notes thereto that appear elsewhere in this report. Results of Operation For the three and six months ended July 31, 2024 For the three months p

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 Fina

View Full Filing

View this 10-Q filing on SEC EDGAR