Alixo-Yolloo Corp. Files Q3 2024 10-Q

TL;DR

Alixo-Yolloo Corp. 10-Q filed for Nov 30, 2024. Check financials.

AI Summary

Alixo-Yolloo Corp. filed its 10-Q for the period ending November 30, 2024. The filing covers the third quarter and the first nine months of the fiscal year. Specific financial details and operational updates are provided within the report.

Why It Matters

This filing provides investors with a quarterly update on Alixo-Yolloo Corp.'s financial performance and operational status, crucial for investment decisions.

Risk Assessment

Risk Level: low — This is a standard quarterly filing with no immediate red flags or significant negative news indicated in the provided snippet.

Key Numbers

• 2024-11-30 — Fiscal Period End (This is the end date for the reporting period covered by the 10-Q.)
• 2025-01-10 — Filing Date (This is the date the 10-Q was officially filed with the SEC.)

Key Players & Entities

• ALIXO-YOLLOO CORP. (company) — Filer
• 0001977837 (company) — Central Index Key
• 7374 (company) — Standard Industrial Classification
• 06 Technology (company) — Organization Name
• NV (company) — State of Incorporation
• 2523466180 (dollar_amount) — Business Phone
• 20241130 (date) — Period of Report
• 20250110 (date) — Filed as of Date

FAQ

Key Financial Figures

• $0.001 — 5,000,000 shares of its common stock at $0.001 per share for total proceeds of $5,000
• $5,000 — $0.001 per share for total proceeds of $5,000 to a related party (see NOTE 5). Durin
• $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 November 30,
• $36,684 — Company's operating expenses, of which $36,684 and $19,970 was advanced during the nin
• $19,970 — perating expenses, of which $36,684 and $19,970 was advanced during the nine months end
• $17,820 — e Company acquired application code for $17,820 and database for $17,000. In February 2
• $17,000 — ation code for $17,820 and database for $17,000. In February 2024, the Company sold its
• $15,000 — 2024, the Company sold its database for $15,000. In August 2024, the Company acquired d
• $16,000 — 2024, the Company acquired database for $16,000. Amortization expense of capitalized we
• $564 — nse of capitalized website software was $564 and $580 for the three months ended Nov
• $580 — pitalized website software was $564 and $580 for the three months ended November 30,

Filing Documents

• alixo10q_30nov2024.htm (10-Q) — 297KB
• ex31.htm (EX-31.1) — 7KB
• ex32.htm (EX-32.1) — 5KB
• 0001977837-25-000009.txt ( ) — 1575KB
• none-20241130.xsd (EX-101.SCH) — 12KB
• none-20241130_cal.xml (EX-101.CAL) — 25KB
• none-20241130_def.xml (EX-101.DEF) — 15KB
• none-20241130_lab.xml (EX-101.LAB) — 109KB
• none-20241130_pre.xml (EX-101.PRE) — 81KB
• alixo10q_30nov2024_htm.xml (XML) — 138KB

Financial Statements (Unaudited)

Financial Statements (Unaudited) 5 Condensed Balance Sheets as of November 30, 2024 (Unaudited) and February 29, 2024 6 Condensed Statements of Operations for the three and nine months ended November 30, 2024 and 2023 (Unaudited) 7 Condensed Statements of Stockholders' Equity (Deficit) for the three and nine months ended November 30, 2024 and 2023 (Unaudited) 8 Condensed Statements of Cash Flows for the nine months ended November 30, 2024 and 2023 (Unaudited) 9 Notes to the Condensed Financial Statements (Unaudited) 10 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 15 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 18 Item 4.

Controls and Procedures

Controls and Procedures 18 PART II OTHER INFORMATION: Item 1.

Legal Proceedings

Legal Proceedings 19 Item 1A.

Risk Factors

Risk Factors 19 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 19 Item 3. Defaults Upon Senior Securities 19 Item 4. Mine Safety Disclosures 19 Item 5. Other Information 19 Item 6. Exhibits 19

Signatures

Signatures 20 3 SPECIAL NOTE REGARDING FORWARD—LOOKING STATEMENTS or current facts are "forward-looking statements" made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 (the "Act") and Section 21E of the Securities Exchange Act of 1934. These statements often can be identified by the use of terms such as "may", "will", "expect", "believe", "anticipate", "estimate", "approximate" or "continue", or the negative thereof. We intend that such forward-looking in the future. However, forward-looking statements are subject to risks, uncertainties and important factors beyond our control that could cause actual results and events to differ materially from historical results of operations and events and those presently anticipated or projected. We disclaim any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statement or to reflect the occurrence of anticipated or unanticipated events. Financial information contained in this quarterly report and in our unaudited interim financial statements is stated in United States dollars and are prepared in accordance with United 4

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION Item 1.

Financial Statements

Financial Statements The accompanying interim financial statements of Alixo-Yolloo Corporation ("the Company", "we", "us" or our"), have been prepared without audit pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with United States generally accepted principles have been condensed or omitted pursuant to such rules and regulations. The interim financial statements are condensed and should be read in conjunction with the Company's latest annual financial statements. In the opinion of management, the financial statements contain all material adjustments, consisting only of normal adjustments considered necessary to present fairly the financial condition, results of operations, and cash flows of the Company for the interim periods presented. 5 ALIXO-YOLLO CORPORATION CONDENSED BALANCE SHEETS November 30, 2024 (Unaudited) February 29, 2024 (Audited) ASSETS Current Assets Cash $ 1,237 $ 9,073 Account Receivable - 15,000 Prepaid Expenses 32,000 60,800 Total Current Assets 33,237 84,873 Intangible Assets, Net 62,229 23,183 TOTAL ASSETS $ 95,466 $ 108,056 LIABILITIES & STOCKHOLDERS' EQUITY Liabilities Current Liabilities Accounts Payable $ 13,000 $ 43,648 Deferred Revenue 3,445 - Related Party Loan 73,034 36,350 Total Current Liabilities 89,479 79,998 Stockholders' Equity Common Stock, $ 0.00 1 par value, 75,000,000 shares authorized, 6,695,000 and 6,695,000 shares issued and outstanding as of November 30, 2024 and February 29, 2024, respectively 6,695 6,695 Additional Paid-In Capital 32,205 32,205 Accumulated Deficit ( 32,913 ) ( 10,842 ) Total Stockholders' Equity 5,987 28,058 TOTAL LIABILITIES & STOCKHOLDERS' EQUITY $ 95,466 $ 108,056 The accompanying notes are an integral part of these unaudited financial state

BUSINESS

BUSINESS Alixo-Yolloo Corporation ("the Company") was incorporated under the laws of the State of Nevada, U.S. on January 17, 2019 (Inception). Alixo-Yolloo Corporation developed a mobile application 'Alixo'. A mobile application designed to help users identify music tracks based on short samples recorded via their device's microphone. Alixo-Yolloo Corporation offers an API rental service for music recognition to other applications, utilizing neural network databases for efficient identification of audio streams. NOTE 2 - GOING CONCERN The financial statements have been prepared on a going concern basis which assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. The Company has generated limited revenues since inception and incurred a loss of $ 22,071 and $ 6,071 for the nine months ended November 30, 2024, and 2023, respectively. The Company has incurred losses since inception resulting in an accumulated deficit of $ 32,913 as of November 30, 2024 and further losses are anticipated in the development of its business. Accordingly, there is substantial doubt about the Company's ability to continue as a going concern. The ability to continue as a going concern is dependent upon the Company generating profitable operations in the future and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management intends to finance operating costs over the next twelve months with existing cash on hand and loans from directors and/or private placement of common stock. NOTE 3 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars. The Company has adopted a February 28 fiscal year end. The res

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

Management's Discussion and Analysis of Financial Condition and Results of Operations 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. On August 30, 2024, the company entered into the Database Acquisition Agreement for the purchase of the Proprietary Database, which employs advanced neural network technology to efficiently match recorded audio against a vast library of 50 million tracks. 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

Legal Proceedings

Legal Proceedings As of now, we are not involved in any legal proceedings, and we have not received any informatio

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View this 10-Q filing on SEC EDGAR