Alixo-Yolloo Corp. Files 2024 10-K

TL;DR

ALIXO-YOLLOO CORP. FILED ITS 2024 10-K. CHECK FINANCIALS.

AI Summary

Alixo-Yolloo Corp. filed its 10-K for the fiscal year ending February 29, 2024. The company, incorporated in Nevada and operating in computer processing and data preparation services, is headquartered in Aktau. The filing covers the period from March 1, 2023, to February 29, 2024, and includes financial data for the fiscal years ending February 28, 2022, February 28, 2023, and February 29, 2024.

Why It Matters

This 10-K filing provides a comprehensive overview of Alixo-Yolloo Corp.'s financial performance and business operations for the fiscal year 2024, crucial for investors and stakeholders to assess the company's health and future prospects.

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

• 2024-02-29 — Fiscal Year End (The most recent fiscal year reported in the 10-K.)
• 2023-02-28 — Previous Fiscal Year End (The prior fiscal year for comparison.)
• 2022-02-28 — Prior Fiscal Year End (The fiscal year before the previous one.)

Key Players & Entities

• ALIXO-YOLLOO CORP. (company) — Filer of the 10-K
• 0001977837-24-000012 (document_id) — Accession Number for the filing
• 20240229 (date) — Fiscal year end date
• 20240612 (date) — Filing date
• NV (state) — State of incorporation
• 7374 (industry_code) — Standard Industrial Classification for Services-Computer Processing & Data Preparation
• AKTAU (city) — Business and mailing address city

FAQ

Key Financial Figures

• $0.01 — the Company will be required to meet a ($0.01) bid price test, provide information ba
• $0.001 — ECURITIES The Company has 75,000,000, $0.001 par value shares of common stock author
• $500 — es of common stock for cash proceeds of $500 at $0.02 per share. During December 20
• $0.02 — mmon stock for cash proceeds of $500 at $0.02 per share. During December 2023 the Co
• $11,100 — es of common stock for cash proceeds of $11,100 at $0.02 per share. During January 202
• $3,700 — es of common stock for cash proceeds of $3,700 at $0.02 per share. During February 20
• $18,600 — es of common stock for cash proceeds of $18,600 at $0.02 per share. As of February 29,
• $21,518 — the Company generated total revenue of $21,518 having sold the Application Programming
• $0 — I) packages provided on its website and $0, respectively. Operating expenses To
• $27,422 — r the year ended February 29, 2024 were $27,422 ($1,342) for the year ended February 28
• $1,342 — r ended February 29, 2024 were $27,422 ($1,342) for the year ended February 28, 2023)
• $867 — uary 29, 2024 and February 28, 2023 was $867 and $0, respectively. The other expense
• $6,771 — es The company recorded a net loss of $6,771 for the year ended February 29, 2024, a
• $9,073 — we have cash reserves of approximately $9,073 and our liabilities are $ 79,998, compr
• $36,350 — omprising $ 43,648 accounts payable and $36,350 owed to Rassul Sadakbayev, our director

Filing Documents

• alixo10k.htm (10-K) — 332KB
• ex31.htm (EX-31.1) — 12KB
• ex32.htm (EX-32.1) — 5KB
• image_001.gif (GRAPHIC) — 21KB
• image_002.gif (GRAPHIC) — 1KB
• 0001977837-24-000012.txt ( ) — 1624KB
• none-20240229.xsd (EX-101.SCH) — 12KB
• none-20240229_cal.xml (EX-101.CAL) — 25KB
• none-20240229_def.xml (EX-101.DEF) — 14KB
• none-20240229_lab.xml (EX-101.LAB) — 107KB
• none-20240229_pre.xml (EX-101.PRE) — 80KB
• alixo10k_htm.xml (XML) — 114KB

Business

Business Center Sunkar, Building 47B , Aktau 130002 Kazakhstan Tel. +1- 252 - 34-66-180 Email: generaloffice@alixo-yolloo.com (Address and telephone number of principal executive offices) Securities registered under Section 12(b) of the Exchange Act: Title of each class Trading Symbol Name of each exchange on which registered N/A N/A N/A Securities registered under Section 12(g) of the Exchange Act: None (Title of Class) Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes [ ] No [X] Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Exchange Act. Yes [ ] No [X] Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15 (d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes [X] No [ ] Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes [X] No [ ] Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of "large accelerated filer," "accelerated filer", "smaller reporting company" and "emerging growth company" in Rule 12b-2 of the Exchange Act: Large accelerated filer [ ] Accelerated filer [ ] Non-accelerated Filer [X] Smaller reporting company [X] (Do not check if a smaller reporting company) Emerging growth company [X] If an emerging growth company, indicate by check mark if

Selected Financial Data

Selected Financial Data. 7 Item 7.

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

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

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk. 10 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data. 10 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure. 24 Item 9A.

Controls and Procedures

Controls and Procedures. 24 Item 9B. Other Information. 25 PART III Item 10 Directors, Executive Officers, and Control Persons of the Company. 25 Item 11.

Executive Compensation

Executive Compensation. 28 Item 12.

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

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters. 29 Item 13. Certain Relationships and Related Transactions, and Director Independence. 30 Item 14. Principal Accounting Fees and Services. 30 PART IV Item 15. Exhibits 30

Signatures

Signatures 31 3 PART I

Description of Business

Item 1. Description of Business DESCRIPTION OF BUSINESS General Established in Nevada in 2019, Alixo-Yolloo Corporation specializes in providing music-recognition services through its mobile application called 'Alixo.' The application allows users to identify music tracks based on short samples recorded via their device's microphone. Alixo app is available for download on Google Play. A mobile application designed to help users identify music tracks based on short samples recorded via their device's microphone. The application utilizes advanced algorithms for music recognition, enabling users to quickly and easily discover new music. The app's functionality includes basic identification of music tracks, without involving reproduction or distribution of copyrighted material. Furthermore, Alixo-Yolloo Corporation offers an API rental service through its website for music recognition and listening applications. This service allows other applications to integrate music recognition functionality using the same neural network database employed by the Alixo app. API plans can be accessed through the website: https://alixo-yolloo.com/. Corporate Organization Alixo-Yolloo Corporation was incorporated under the laws of the State of Nevada, U.S. on January 17, 2019. Our Operational Office and Directors Location is maintained at: Business Center Sunkar, Building 47B, Aktau, 130002 Kazakhstan and we can be reached via phone at +1-252-34-66-180. Competitive strengths We believe that the following strengths contribute to our success and differentiate us from our competitors: Our innovative software, including the use of audio imprint with 2D spectrogram, sets us apart from our competitors. This technology allows for fast and accurate music recognition, providing users with an efficient and user-friendly experience. Our mobile application and API rental service provide a unique and comprehensive solution for music recognition and listening, making it easier for user

Risk Factors

Item 1A. Risk Factors Not applicable to smaller reporting companies.

Unresolved Staff Comments

Item 1B. Unresolved Staff Comments Not applicable to smaller reporting companies. 5

Properties

Item 2. Properties. We do not own any real estate or other properties.

Legal Proceedings

Item 3. Legal Proceedings During the past ten years, none of the following occurred with respect to the President of the Company: (1) any bankruptcy petition filed by or against any business of which such person was a general partner or executive officer either at the time of the bankruptcy or within two years prior to that time; (2) any conviction in a criminal proceeding or being subject to a pending criminal proceeding (excluding traffic violations and other minor offenses); (3) being permanently or temporarily enjoining, barring, suspending or otherwise limiting him involvement in any type of business, securities or banking activities; and (4) being found by a court of competent jurisdiction (in a civil action), the SEC or the commodities futures trading commission to have violated a federal or state securities or commodities law, and the judgment has not been reversed, suspended or vacated. We are not currently a party to any legal proceedings, and we are not aware of any pending or potential legal actions.

Mine Safety Disclosures

Item 4. Mine Safety Disclosures Not applicable. PART II

Market for Common Equity and Related Stockholder Matters

Item 5. Market for Common Equity and Related Stockholder Matters MARKET INFORMATION There is currently no public trading market for our common stock and no such market may ever develop. While we intend to seek and obtain quotation of our common stock for trading on the OTC Markets, there is no assurance that our application will be approved. An application for quotation on the OTC Markets must be submitted by one or more market makers who: are approved by FINRA; who agree to become a market maker in the security; and who demonstrate compliance with SEC Rule 15(c)2-11 before initiating a quote in a security on the OTC Bulletin Board, the OTCQX or the OTCQB or on a securities exchange. In order for a security to be eligible for quotation by a market maker, the Company will be required to meet a ($0.01) bid price test, provide information based upon their reporting standard (SEC Reporting, Bank Reporting or International Reporting), and submit an annual OTC Markets Certification signed by our Chief Executive Officer or Chief Financial Officer. 6 HOLDERS As of June 11, 2024, the Company had 6,695,000 shares of our common stock issued and outstanding held by our shareholders. DIVIDEND POLICY We have not declared or paid dividends on our common stock since our formation, and we do not anticipate paying dividends in the foreseeable future. Declaration or payment of dividends, if any, in the future, will be at the discretion of our Board of Directors and will depend on our then current financial condition, results of operations, capital requirements and other factors deemed relevant by the Board of Directors. There are no contractual restrictions on our ability to declare or pay dividends. SECURITIES AUTHORIZED UNDER EQUITY COMPENSATION PLANS We have no equity compensation or stock option plans. RECENT SALES OF UNREGISTERED SECURITIES The Company has 75,000,000, $0.001 par value shares of common stock authorized. During November 2023 the Company iss

Selected Financial Data

Item 6. Selected Financial Data Not applicable to smaller reporting companies .

Management's Discussion and Analysis of

Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations Results of Operations for the years ended February 29, 2024 and February 28, 2023: 7 Revenues For the years ended February 29, 2024 and February 28, 2023, the Company generated total revenue of $21,518 having sold the Application Programming Interface (API) packages provided on its website and $0, respectively. Operating expenses Total expenses for the year ended February 29, 2024 were $27,422 ($1,342) for the year ended February 28, 2023) consisting of general and administrative expenses. Expenses increased in the year ended February 29, 2024 primarily due to the professional fees. Other Income (Expenses) Total other expenses for the years ended February 29, 2024 and February 28, 2023 was $867 and $0, respectively. The other expenses included the loss on sale of the intangible asset. Net Losses The company recorded a net loss of $6,771 for the year ended February 29, 2024, and $1,342 for the year ended February 28, 2023. Liquidity and Capital Resources As of February 29, 2024 we have cash reserves of approximately $9,073 and our liabilities are $ 79,998, comprising $ 43,648 accounts payable and $36,350 owed to Rassul Sadakbayev, our director. The available capital reserves of the Company are not sufficient for the Company to remain operational. As of February 28, 2023 we have cash reserves of approximately $7,511 and our liabilities are $48,208, comprising $31,828 accounts payable and $16,380 owed to Rassul Sadakbayev, our director. The available capital reserves of the Company are not sufficient for the Company to remain operational. Shareholders' equity (deficit) has increased from $929 as of February 28, 2023 to $28,058 as of February 29, 2024. The Company has accumulated a deficit of $10,842 as of February 29, 2024, compared to $4,071 as of February 28, 2023, and further losses are anticipated in the development of its business. Accordingly, there

Quantitative

Item 7A. Quantitative and Qualitative Disclosures about Market Risk. Not applicable for smaller reporting companies.

Financial Statements

Item 8. Financial Statements and Supplementary Data . 10 INDEX TO AUDITED FINANCIAL ALIXO-YOLLOO CORPORATION FEBRUARY 29, 2024 Page Reports of Independent Registered Public Accounting Firm (PCAOB ID: 6993) 12 Reports of Independent Registered Public Accounting Firm (PCAOB ID: 6778) 13-14 Balance Sheets as of February 29, 2024 and February 28, 2023 15 16 17 18 Notes to the Condensed Financial Statements 19 11 Report of the Independent Registered Public Accounting Firm To the shareholders and the board of directors of Alixo-Yolloo Corporation. Opinion on the Financial Statements We have audited the accompanying balance sheets of Alixo-Yolloo Corporation as of February 29, 2024, and the related statements of operations, stockholders' equity, and cash flows for the year then ended, and the related notes (collectively referred to as the "financial statements"). In our opinion, the financial its operations and its cash flows for the year ended February 29, 2024, in conformity with accounting principles generally accepted in the United States of America. Going Concern The accompanying financial statements have been prepared assuming the Company will continue as a going concern as disclosed in Note 2 to the financial statement, the Company incurred a net loss of $6,771 and an accumulated deficit of $10,842 as of February 29, 2024, the Company currently have limited revenue. The continuation of the Company as a going concern through February 29, 2024, is dependent upon improving the profitability and the continuing financial support

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