AMJ Global Tech's Losses Mount Amidst Zero Revenue, Cash Dwindles to $4

TL;DR

**AMJ Global Technology is a zombie company with no revenue, burning cash, and relying on related-party lifelines; steer clear.**

AI Summary

AMJ Global Technology reported a significant net loss of $134,414 for the six months ended May 31, 2025, a stark contrast to the net income of $3,341 for the same period in 2024. The company generated no revenue during both periods. Total assets increased dramatically to $886,948 at May 31, 2025, from $9,253 at November 30, 2024, primarily due to an equity investment in a related party, 'Target,' valued at $886,664. Liabilities also surged to $1,190,408 from $200,928, driven by a new non-current liability 'Due to related party' of $902,249. Operating expenses rose to $118,502 for the six months ended May 31, 2025, up from $94,768 in the prior year, with professional fees and management compensation being significant contributors. The company's cash balance plummeted from $226 at November 30, 2024, to just $4 at May 31, 2025, and it continues to operate with an accumulated deficit of $610,688, raising substantial doubt about its ability to continue as a going concern.

Why It Matters

AMJ Global Technology's inability to generate revenue and its escalating net losses, reaching $134,414, signal severe operational challenges for investors. The company's reliance on related-party transactions, including a substantial equity investment in 'Target' and significant 'Due to related party' liabilities, raises questions about independent valuation and potential conflicts of interest. For employees, the 'going concern' warning indicates job insecurity, while customers are unlikely to see new product development given the company's precarious financial state. In a competitive tech landscape, AMJ's zero revenue and minimal cash position make it an outlier, suggesting it lacks the resources to compete effectively or innovate.

Risk Assessment

Risk Level: high — The company reported zero revenue for the three and six months ended May 31, 2025, and May 31, 2024, while incurring operating losses of $118,502 for the six months ended May 31, 2025. Its cash balance is critically low at $4 as of May 31, 2025, down from $226 at November 30, 2024, and it has an accumulated deficit of $610,688, leading to a 'going concern' warning.

Analyst Insight

Investors should avoid AMJ Global Technology given its zero revenue, significant losses, and critical cash shortage of $4. The 'going concern' warning and heavy reliance on related-party transactions indicate extreme financial instability and high risk. Focus on companies with proven revenue models and healthy cash flows.

Financial Highlights

debt To Equity

N/A

revenue

$0

operating Margin

N/A

total Assets

$886,948

total Debt

$1,190,408

net Income

-$134,414

eps

N/A

gross Margin

N/A

cash Position

$4

revenue Growth

N/A

Revenue Breakdown

Key Numbers

• $134,414 — Net Loss (for the six months ended May 31, 2025, compared to $3,341 net income in prior year)
• $0 — Revenue (for the three and six months ended May 31, 2025, and May 31, 2024)
• $4 — Cash (at May 31, 2025, down from $226 at November 30, 2024)
• $886,948 — Total Assets (at May 31, 2025, significantly up from $9,253 at November 30, 2024)
• $1,190,408 — Total Liabilities (at May 31, 2025, up from $200,928 at November 30, 2024)
• $610,688 — Accumulated Deficit (at May 31, 2025, indicating sustained losses)
• $902,249 — Due to related party (non-current) (new liability at May 31, 2025)
• 106,472,857 — Common Shares Outstanding (at September 29, 2025)

Key Players & Entities

• AMJ Global Technology (company) — registrant
• Target (company) — related party equity investment
• AMJ Global Entertainment, LLC (company) — related party, intellectual property assignment
• Nevada (regulator) — state of incorporation
• SEC (regulator) — filing authority
• Kange Corp. (company) — original name of registrant
• ESS (company) — contract partner for revenue sharing
• The Agency of North Georgia (company) — contract partner for revenue sharing

FAQ

Risk Factors

• Going Concern Uncertainty [high — financial]: The company reported a net loss of $134,414 for the six months ended May 31, 2025, with no revenue. The cash balance has dwindled to $4, and the accumulated deficit stands at $610,688. This raises substantial doubt about the company's ability to continue as a going concern.
• Significant Related Party Transactions [high — financial]: The balance sheet shows a substantial equity investment in a related party ('Target') valued at $886,664 and a significant non-current liability 'Due to related party' of $902,249. The nature and terms of these transactions require careful scrutiny.
• Dependence on Future Revenue Streams [high — operational]: The company is a start-up with no current revenue, relying on future revenue from mobile software products, wholistic health treatments, Medicare enrollees, and insurance sales. The success of these ventures is unproven.
• Rapid Increase in Liabilities [medium — financial]: Total liabilities have surged from $200,928 at November 30, 2024, to $1,190,408 at May 31, 2025, primarily driven by a new non-current liability to a related party. This rapid increase in leverage is a concern.
• Increasing Operating Expenses [medium — operational]: Operating expenses increased to $118,502 for the six months ended May 31, 2025, from $94,768 in the prior year, with professional fees and management compensation being significant drivers. Without revenue, these costs are unsustainable.

Industry Context

AMJ Global Technology is positioned in the nascent field of technology-based health treatments, with a stated focus on PTSD and early dementia/Alzheimer's for athletes. The company is also exploring revenue streams in Medicare enrollees and insurance sales. This is a highly regulated and competitive space, requiring significant R&D, clinical validation, and market penetration efforts.

Regulatory Implications

The company's exploration of healthcare services, including Medicare, subjects it to stringent healthcare regulations, compliance requirements, and potential audits. Any missteps in regulatory compliance could lead to significant penalties and operational disruptions.

What Investors Should Do

1. Scrutinize Related Party Transactions
2. Demand a Clear Path to Revenue Generation
3. Assess Management's Ability to Secure Funding
4. Monitor Operating Expense Growth

Key Dates

• 2025-05-31: End of Six-Month Period — Reported a net loss of $134,414 and zero revenue, with cash at $4 and total liabilities exceeding total assets.
• 2024-11-30: End of Prior Fiscal Year — Total assets were $9,253, total liabilities were $200,928, and cash was $226.
• 2023-04-22: Name Change to AMJ Global Technology — Reflects a strategic shift or rebranding effort by the company.
• 2023-04-26: Assignment Agreement for 'Blabeey' Platform IP — Acquisition of intellectual property rights from a related party at no cost, potentially for future development.

Glossary

Accumulated Deficit

The cumulative net losses of a company that have not been offset by net income. It represents a negative balance in retained earnings. (Indicates the company has incurred more losses than profits since its inception, standing at $610,688 at May 31, 2025.)

Going Concern

An accounting assumption that a company will continue to operate for the foreseeable future. If there is substantial doubt, it must be disclosed. (The company's financial condition raises substantial doubt about its ability to continue as a going concern.)

Related Party

A person or entity that has the ability to control or significantly influence the operating decisions of another entity. (Significant transactions and balances exist with related parties, including an equity investment and a large debt, which require careful disclosure and scrutiny.)

Equity Investment - Related Party

An investment made by the company in another entity where there is a relationship of control or significant influence. (This represents a substantial asset ($886,664) on the balance sheet, highlighting a significant financial tie to another entity.)

Due to Related Party

An amount owed by the company to an entity with which it has a related party relationship. (This is a major liability ($902,249 non-current, plus current portion) on the balance sheet, indicating significant financial obligations to a related entity.)

Year-Over-Year Comparison

Compared to the fiscal year ended November 30, 2024, AMJ Global Technology has experienced a dramatic deterioration in its financial condition. Total assets have ballooned to $886,948 from $9,253, primarily due to a related party investment, while liabilities have surged to $1,190,408 from $200,928, largely from a new related party debt. Most critically, the company has moved from a small net income of $3,341 to a significant net loss of $134,414, with revenue remaining at zero, and cash has virtually disappeared, falling from $226 to $4.

Key Financial Figures

• $97,751 — to related party, net debt discount of $97,751 902,249 - Total Liabilities 1,190

Filing Documents

• amj_10q.htm (10-Q) — 553KB
• amj_ex311.htm (EX-31.1) — 27KB
• amj_ex321.htm (EX-32.1) — 10KB
• 0001477932-25-007138.txt ( ) — 2768KB
• amj-20250531.xsd (EX-101.SCH) — 29KB
• amj-20250531_lab.xml (EX-101.LAB) — 170KB
• amj-20250531_cal.xml (EX-101.CAL) — 31KB
• amj-20250531_pre.xml (EX-101.PRE) — 145KB
• amj-20250531_def.xml (EX-101.DEF) — 74KB
• amj_10q_htm.xml (XML) — 311KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION Item 1.

Financial Statements

Financial Statements 3 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 4 Item 3.

Quantitative and Qualitative Disclosures about Market Risks

Quantitative and Qualitative Disclosures about Market Risks 9 Item 4.

Controls and Procedures

Controls and Procedures 9

OTHER INFORMATION

PART II. OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 10 Item 1A.

Risk Factors

Risk Factors 10 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 10 I tem 3. Defaults Upon Senior Securities 10 Item 4. Mine Safety Disclosures 10 Item 5. Other Information 10 Item 6. Exhibits 11

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements AMJ Global Technology Table of Contents Page Condensed Balance Sheets at May 31, 2025, and November 30, 2024 (unaudited) F-1 Condensed Statements of Operations for the Three and Six months ended May 31, 2025, and May 31,2024 (unaudited) F-2 Condensed Statements of Changes in Stockholders' Deficit for the Three and Six months ended May 31, 2025, and May 31,2024 (unaudited) F-3 Condensed Statements of Cash Flows for the Six months ended May 31, 2025, and May 31, 2024 (unaudited) F-4 Notes to Unaudited Condensed Financial Statements F-5 3 Table of Contents AMJ Global Technology Condensed Balance Sheets (Unaudited) May 31, November 30, 2025 2024 ASSETS Current Assets Cash $ 4 $ 226 Prepaid expenses 280 5,280 Total Current Assets 284 5,506 Equity investment -related party 886,664 376 Software and technology asset, net - 3,371 TOTAL ASSETS $ 886,948 $ 9,253 LIABILITIES AND STOCKHOLDERS' DEFICIT Current Liabilities Accounts payable and accrued liabilities $ 20,591 $ 4,762 Accrued management fees - related party 240,000 180,000 Due to related party-current portion 27,568 16,166 Total Current Liabilities 288,159 200,928 Non-current liability Due to related party, net debt discount of $97,751 902,249 - Total Liabilities 1,190,408 200,928 Stockholders' Deficit Common stock, $ 0.001 par value, 750,000,000 shares authorized, 106,472,857 and 107,782,190 shares issued and outstanding at May 31, 2025 and November 30, 2024, respectively 106,473 107,782 Additional paid-in capital 200,755 176,817 Accumulated deficit ( 610,688 ) ( 476,274 ) Total Stockholders' Deficit ( 303,460 ) ( 191,675 ) TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 886,948 $ 9,253 The accompanying notes are an integral part of these unaudited condensed financial statements. F-1 Table of Contents AMJ Global Technology Condensed Statements of O

Business

Business AMJ Global Technology (the "Company") was incorporated under the laws of the State of Nevada on August 16, 2013, originally incorporated as Kange Corp. Effective April 22, 2023, the Company filed with the State of Nevada a Certificate of Amendment to its Articles of Incorporation, changing the name of the Company to AMJ Global Technology. We are a start-up company developing mobile software products, starting in Estonia and Europe, which is our initial intended market. During year 2017, we began focusing on the intersection of technology and wholistic technology-based health treatments. We retained an advisor having substantial experience in the technology sector, and two former professional athletes to advise us regarding sports health issues and treatments. We intend to provide services to formulate a treatment model to meet the needs of professional athletes that suffer from PTSD and the early onset of dementia and Alzheimer's. The Company is currently evaluating operations in the wholistic health industry, revenue sharing generated from Medicare enrollees, life and annuity insurance sales. On April 26, 2023, the Company entered into an assignment agreement with AMJ Global Entertainment, LLC, a Nevada limited liability company controlled by the Company's CEO and director., pursuant to which AMJ Global Entertainment, LLC assigned to the Company 25 % of the ownership rights to AMJ Global Entertainment's intellectual property in connection with the "Blabeey" platform, including software, code and trade secrets at zero cost. Basis of Presentation The accompanying unaudited interim financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America ("GAAP") for interim financial information and with the instructions to Form 10-Q and Regulation S-X. Accordingly, the financial statements are condensed and do not include all of the information and footnotes required by GAAP for complete financ

View Full Filing

View this 10-Q filing on SEC EDGAR