AiXin Life International Files 10-Q for Q2 2025
Ticker: AIXN · Form: 10-Q · Filed: Aug 20, 2025 · CIK: 835662
Sentiment: neutral
Topics: 10-Q, quarterly-filing, retail
TL;DR
AiXin Life Intl (AIXN) 10-Q filed. Q2 2025 financials out.
AI Summary
AiXin Life International, Inc. filed its 10-Q for the period ending June 30, 2025. The company, formerly known as MERCARI COMMUNICATIONS GROUP LTD, operates in the retail drug stores and proprietary stores sector. Its principal executive offices are located in Chengdu City, China.
Why It Matters
This filing provides investors with the latest financial performance and operational details for AiXin Life International, Inc. as of mid-2025.
Risk Assessment
Risk Level: low — This is a routine quarterly filing with no immediate red flags or significant new information presented.
Key Players & Entities
- AiXin Life International, Inc. (company) — Filer of the 10-Q
- MERCARI COMMUNICATIONS GROUP LTD (company) — Former name of AiXin Life International, Inc.
- 20250630 (date) — End of the reporting period
- 20250820 (date) — Filing date of the 10-Q
FAQ
What is the primary business of AiXin Life International, Inc.?
AiXin Life International, Inc. operates in the RETAIL-DRUG STORES AND PROPRIETARY STORES sector, as indicated by its Standard Industrial Classification code [5912].
When is the end of the reporting period for this 10-Q filing?
The Conformed Period of Report is 20250630, meaning the filing covers the period ending June 30, 2025.
What was the company's former name?
The company was formerly known as MERCARI COMMUNICATIONS GROUP LTD, with a date of name change on 19880707.
Where are AiXin Life International, Inc.'s business offices located?
The company's business address is located at HONGXING INTL BUSINESS BUILDING 2, 14TH FLR, NO. 69, QINGYUN SOUVE AVE., JINJIANG DISTRICT, CHENGDU CITY, STATE: F4, ZIP: 610021.
What is the SEC file number for AiXin Life International, Inc.?
The SEC file number for AiXin Life International, Inc. is 000-17284.
Filing Stats: 4,486 words · 18 min read · ~15 pages · Grade level 16.7 · Accepted 2025-08-20 15:04:22
Key Financial Figures
- $0.00001 — nge on which Registered Common Stock, $0.00001 Par Value AIXN OTCQB Indicate by
Filing Documents
- form10-q.htm (10-Q) — 1167KB
- ex31-1.htm (EX-31.1) — 13KB
- ex31-2.htm (EX-31.2) — 13KB
- ex32-1.htm (EX-32.1) — 7KB
- ex32-2.htm (EX-32.2) — 7KB
- 0001641172-25-024970.txt ( ) — 6490KB
- aixn-20250630.xsd (EX-101.SCH) — 47KB
- aixn-20250630_cal.xml (EX-101.CAL) — 76KB
- aixn-20250630_def.xml (EX-101.DEF) — 208KB
- aixn-20250630_lab.xml (EX-101.LAB) — 329KB
- aixn-20250630_pre.xml (EX-101.PRE) — 292KB
- form10-q_htm.xml (XML) — 1219KB
– Financial Information
Part I – Financial Information 4 Item 1. Condensed Consolidated Financial Statements (Unaudited) 4 Condensed Consolidated Balance Sheets as of June 30, 2025 (Unaudited) and December 31, 2024 4 Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) for the Three and Six Months Ended June 30, 2025 and 2024 (Unaudited) 5 Condensed Consolidated Statements of Stockholders' Deficit for the Three and Six Months Ended June 30, 2025 and 2024 (Unaudited) 6 Condensed Consolidated Statements of Cash Flows for the Six Months Ended June 30, 2025 and 2024 (Unaudited) 7 Notes to Consolidated Financial Statements (Unaudited) 8 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 28 Item 4.
Controls and Procedures
Controls and Procedures 39
– Other Information
Part II – Other Information 40 Item 1A.
Risk Factors
Risk Factors 40 Item 6. Exhibits 40
Signatures
Signatures 41 2 SPECIAL NOTE REGARDING FORWARD LOOKING STATEMENTS This report contains forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performances or achievements expressed or implied by the forward-looking statements. In some cases, you can identify forward-looking statements by terms such as "anticipates," "believes," "could," "estimates," "expects," "intends," "may," "plans," "potential," "predicts," "projects," "should," "would" and similar expressions intended to identify forward-looking statements. Forward-looking statements reflect our current views with respect to future events and are based on assumptions and are subject to risks and uncertainties. Given these uncertainties, you should not place undue reliance on forward-looking statements. Forward-looking statements include, among other things, statements relating to: our goals and strategies; our future business development, financial condition and results of operations; our expectations regarding demand for, and market acceptance of, our products; our expectations regarding keeping and strengthening our relationships with merchants, manufacturers and end-users; and general economic and business conditions in the regions where we provide our services. Also, forward-looking statements represent our estimates and assumptions only as of the date of this report. You should read this report and the documents that we reference and filed as exhibits to the report completely and with the understanding that our actual future results may be materially different from what we expect. Except as required by law, we assume no obligation to update any forward-looking statements publicly, or to update the reasons actual results could differ materially from those anticipated in any forward-looking statements, even if new informa
financial statements, as well as the reported amounts of revenues and expenses during the reporting period
financial statements, as well as the reported amounts of revenues and expenses during the reporting period. Significant estimates required by management, include the recoverability of long-lived assets, allowance for doubtful accounts, and the reserve for obsolete and slow-moving inventories. Actual results could differ from those estimates. Cash and Cash Equivalents For financial statement purposes, the Company considers all highly liquid investments with an original maturity of three months or less to be cash and cash equivalents. The Company has cash on hand and demand deposits in accounts maintained with state-owned banks within the PRC. Cash in state-owned banks is covered by insurance up to RMB 500,000 ($ 68,450 ) per bank. Accounts Receivable The Company's policy is to maintain an allowance for potential credit losses on accounts receivable. Management reviews the composition of accounts receivable and analyzes historical bad debts, customer concentrations, customer credit worthiness, current economic trends and changes in customer payment patterns to evaluate the adequacy of these reserves. As of June 30, 2025 and December 31, 2024, the bad debt allowance was $ 48,842 and $ 52,669 , respectively. 10 The following table summarizes the activity related to the Company's accounts receivable allowance for doubtful accounts for the six months ended June 30, 2025 and 2024: SCHEDULE OF ACCOUNTS RECEIVABLE ALLOWANCE FOR DOUBTFUL ACCOUNTS 2025 2024 For the six months ended June 30, 2025 2024 Beginning balance $ 52,669 $ 80,640 Provision for (Reversal of) bad debts ( 4,765 ) 8,265 Effect of translation 938 ( 1,916 ) Ending balance $ 48,842 $ 86,989 Inventories Inventories mainly consist of health supplements, drugs, pharmaceutical and nutritional products, food and beverage, hotel supplies and consumables, and raw materials. Inventories are valued at the lower of average cost or market, cost being determined on a moving weigh