Xenous Holdings, Inc. Files 2024 10-K

TL;DR

Xenous Holdings (XITO) filed its 2024 10-K. Check financials.

AI Summary

Xenous Holdings, Inc. filed its 10-K for the fiscal year ending March 31, 2024. The company, formerly known as M101 Corp. and Concept Holding Corp., is incorporated in Nevada and headquartered in Kuala Lumpur. Its SIC code is 6770 (Blank Checks). The filing details financial information for the period.

Why It Matters

This 10-K filing provides a comprehensive overview of Xenous Holdings, Inc.'s financial performance and position for the fiscal year ended March 31, 2024, crucial for investors and stakeholders.

Risk Assessment

Risk Level: medium — The company has a history of name changes and operates in the 'Blank Checks' SIC code, suggesting it may be a shell company or SPAC, which carries inherent risks.

Key Numbers

• 2024-03-31 — Fiscal Year End (The end date for the reporting period covered by the 10-K.)
• 2024-06-27 — Filing Date (The date the 10-K was officially filed with the SEC.)
• 760250000 — Total Assets (Indicates the company's total asset value as of the fiscal year end.)
• 760250000 — Total Liabilities (Indicates the company's total liabilities as of the fiscal year end.)

Key Players & Entities

• Xenous Holdings, Inc. (company) — Filer of the 10-K
• M101 CORP. (company) — Former name of Xenous Holdings, Inc.
• Concept Holding Corp. (company) — Former name of Xenous Holdings, Inc.
• 0001651932 (company) — Central Index Key for Xenous Holdings, Inc.
• 6770 (dollar_amount) — Standard Industrial Classification (Blank Checks)
• NV (company) — State of Incorporation
• KUALA LUMPUR (company) — City of Business and Mail Address

FAQ

Key Financial Figures

• $0.001 — 2024 was 760,250,000 shares, par value $0.001 per share. XENOUS HOLDINGS , INC. FO
• $20 million — an estimated valuation of approximately $20 million (the "Valuation Report") using the disc
• $76 million — tion will be increased to approximately $76 million within the next 3 to 4 years upon the c

Filing Documents

• xito_10k.htm (10-K) — 387KB
• xito_ex311.htm (EX-31.1) — 9KB
• xito_ex312.htm (EX-31.2) — 10KB
• xito_ex321.htm (EX-32.1) — 4KB
• xito_ex322.htm (EX-32.2) — 4KB
• xito_10kimg2.jpg (GRAPHIC) — 13KB
• 0001640334-24-001020.txt ( ) — 1512KB
• xito-20240331.xsd (EX-101.SCH) — 15KB
• xito-20240331_lab.xml (EX-101.LAB) — 93KB
• xito-20240331_cal.xml (EX-101.CAL) — 15KB
• xito-20240331_pre.xml (EX-101.PRE) — 70KB
• xito-20240331_def.xml (EX-101.DEF) — 15KB
• xito_10k_htm.xml (XML) — 89KB

Business

Business 4 ITEM 1A

Risk Factors

Risk Factors 9 ITEM 1B Unresolved Staff Comments 9 ITEM 1C Cybersecurity ITEM 2

Properties

Properties 9 ITEM 3

Legal Proceedings

Legal Proceedings 9 ITEM 4 Mine Safety Disclosures 9 ITEM 5 Market for Registrant's Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities 10 ITEM 6 [Reserved] 11 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 11 ITEM 7A

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 13 ITEM 8

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 13 ITEM 9 Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 14 ITEM 9A

Controls and Procedures

Controls and Procedures 14 ITEM 9B Other Information 14 ITEM 9C Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 14 ITEM 10 Directors, Executive Officers, and Corporate Governance 15 ITEM 11

Executive Compensation

Executive Compensation 16 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 17 ITEM 13 Certain Relationships and Related Transactions, and Director Independence 18 ITEM 14 Principal Accounting Fees and Services 19 ITEM 15 Exhibits, Financial Statement Schedules 20 ITEM 16 Form 10–K Summary 20

SIGNATURES

SIGNATURES 21 2 Table of Contents CAUTIONARY STATEMENT CONCERNING FORWARD-LOOKING STATEMENTS This Annual Report on Form 10-K (the "Report"), including "Management's Discussion and Analysis of Financial Condition and Results of Operations" in Item 7 contains forward-looking statements regarding future events and the future results of Xenous Holdings, Inc. (the "Company") that are based on management's current expectations, estimates, projections and assumptions about the Company's business. Words such as "expects," "anticipates," "intends," "plans," "believes," "sees," "estimates" and variations of such words and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including, but not limited to, those discussed in "Management's Discussion and Analysis of Financial Condition and Results of Operations" in Item 7 and elsewhere in this Report as well as those discussed from time to time in the Company's other Securities and Exchange Commission filings and reports. In addition, such statements could be affected by general industry and market conditions. Such forward-looking statements speak only as of the date of this Report or, in the case of any document incorporated by reference, the date of that document, and we do not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this Report. If we update or correct one or more forward-looking statements, investors and others should not conclude that we will make additional updates or corrections with respect to other forward-looking statements. 3 Table of Contents PART I

BUSINESS

ITEM 1. BUSINESS Background Xenous Holdings, Inc. (the "Company") was incorporated on May 20, 1980 as Dayne Weiss and Associates, Inc. under the laws of the State of Utah. On January 4, 1990, the Company acquired Concept Technologies, Inc. (CTI) which then became a wholly owned subsidiary of the Company. CTI was dissolved in January 1991 and the name of Company was changed to Concept Technologies, Inc. On December 19, 2014, the Company completed a change of domiciliary merger and moved the Company's state of incorporation to Nevada changing the name to Concept Holding Corporation. On July 21, 2017, the Board of Directors of the Company elected to file Articles of Merger with the Nevada SOS whereby it would enter into a statutory merger with its wholly-owned subsidiary, M101 Corp., a Nevada corporation, pursuant to Nevada Revised Statutes 92A.200, et seq. The effect of such merger is that the Company is the surviving entity and changed its name to "M101 Corp." The merger took effect on August 14, 2017. The Company currently has no business operations. On November 2, 2019, a majority of shareholders approved a resolution to change the name of the Company to Xenous Holdings, Inc. On November 19, 2019, the Company received notice that the Secretary of State of Nevada accepted the Company's Certificate of Amendment to its Articles of Incorporation to change the name of the Company to Xenous Holdings, Inc. Since its merger on August 14, 2017, the Company had no business operations. Description of Business We are currently seeking and investigating potential assets, property or businesses to acquire. We currently have no material business operations. Our plan of operation for the next 12 months is to: (i) consider guidelines of industries in which we may have an interest; (ii) adopt a business plan regarding engaging in the business of any selected industry; and (iii) to commence such operations through funding and/or the acquisition of a "going concern" enga

View Full Filing

View this 10-K filing on SEC EDGAR