IMAA 10-K & 10-Q changes, risk factors and insider trading
IMA Tech · OTC · Services-Prepackaged Software · CIK 1980295 · All filings on SEC.gov
At a glance
What changed in the latest 10-K
Risk Factors
Full comparison: every changed paragraph (1)
Our companyCompany is on a development stage with a sole
shareholder and is a subject
to the strains of ongoing development and growth, which will place significant demands on our management
and our operational and financial
infrastructure. Further, we may not grow as we expect, if we fail to manage our growth effectively or
to develop and expand our managerial,
operational and financial resources and systems, our business and financial results would be materially
harmed.
Management's Discussion & Analysis (MD&A)
Largest changes
see in full comparisonWeTheanticipate that we will receive sufficient proceeds from investors through a private offering, to continue operations for at least the next twelve months; however, thereCompany isnoexpectedassurancetothat such proceeds will be received and there are no agreements or understandings currently in effect from any potential investors. Additionally, it is anticipated that the company willcontinue toreceivegeneraterevenuesrevenue from operations in the coming year; however, thereiscan be no assurance that this willoccur.happen. ThecompanyCompany relies solely onthe fundingfinancing provided by loans from Liliia Havrykh, our President,inpursuantaccordance withto theLoanCredit Agreement between IMA TechInc.and Ms.Havrykh,Havrykh dated March 29, 2023, as amended on December 22,2023 and2023, April 1, 2024, and December 16, 2024. The loans will also be usedfor fundingto fund the Company’s operations and will beprovideddisbursedon“as‘as-needed’ basis.needed.” Thetotalaggregate amount of such funds shall not exceed$200,000.$300,000. We believe that such loans will be sufficient for us to continueoperationsoperating for the next 12 months. ThecompanyCompany will repay the amountsloan amountslent to the Presidentwithfrom the revenues itwill generate upon launching of its application.receives.
For the year ended April 30,see in full comparison2024,2025, thecompanyCompany used$75,419$89,744 in cash for operating activities, compared to$13,369$75,419 of cash provided by operating activities for the year ended April 30,2023, both due to increases in accounts payable.2024. For the year ended April 30,20242025,andthe2023Company didn't use cash in investing activities, while for the year ended April 30, 2024, the Company used cash in investing activities in the amount of $271,238and $13,400, respectively,for the purchase of intangible assets. Additionally, thecompanyCompany received$187,55$86,512 in cash financing activities for the year ended April 30,2024,2025, compared to$16,031$187,551 in the previous year, mostly due to proceeds from loans from relatedparties.parties and proceeds from the sale of common stock.
“The increases in revenue and expenses in the current year were mostly due to the general overall growth of the Company. Specifically, we increased our customer base through advertising and marketing, paid fees to become eligible with the Depositor Trust Company (DTC), and had our intangible assets amortized for a full year, versus a partial year in the prior period.”see in full comparison
As of April 30,see in full comparison2024,2025, thecompanyCompany had$7,732$9,400 in current assets, compared to$16,000$7,732 as of April 30,2023.2024. The Company’s liabilities stood at$291,433$267,297 as of April 30, 2025,2024,aupdecrease of $28,836 from$25,431the previous year. The accumulated deficit was$23,166$82,937 as of April 30,2024,2025,increasinganfrom $31 asincrease of $55,071 since April 30,30, 2023.2024.
Total expenses for the year ended April 30,see in full comparison20242025 were$38,635,$110,445, made up of professional fees$22,564,ofamortization$40,569, advertising & marketing expenses of$15,454,$5,000, maintenance expense of $3,000, website technical support services of $4,900, bank service charges of $48, andgeneral and administrativeamortization expense of$617.$56,928.
“Total expenses for the year ended April 30, 2024 were $38,635, made up of professional fees of $22,564, amortization of $15,454, and general and administrative expense of $617.”see in full comparison
Full comparison: every changed paragraph (9)
As of April 30, 2024,2025, the companyCompany had
$7,732$9,400 in current assets, compared to $16,000$7,732 as of April 30, 2023.2024. The Company’s liabilities stood at $291,433$267,297 as of April 30, 2025,
2024,a updecrease of $28,836 from $25,431 the previous year. The accumulated deficit was $23,166$82,937 as of April 30, 2024,2025, increasingan from $31 asincrease of $55,071 since April
30, 30,
2023.2024.
For the year ended April 30, 2024,2025, the
companyCompany used $75,419$89,744 in cash for operating activities, compared to $13,369$75,419 of cash provided by operating activities for the year ended
April 30, 2023, both due to increases in
accounts payable.2024. For the year ended April 30, 20242025, andthe 2023Company didn't use cash in investing activities, while for the year ended April
30, 2024, the Company used cash in investing activities in the amount of $271,238 and $13,400, respectively,
for the purchase of intangible assets. Additionally,
the companyCompany received $187,55$86,512 in cash financing activities for the year ended April
30, 2024,2025, compared to $16,031$187,551 in the previous year,
mostly due to proceeds from loans from related parties.parties and proceeds from the sale of common stock.
WeThe anticipate that we will receive sufficient
proceeds from investors through a private offering, to continue operations for at least the next twelve months; however, thereCompany is noexpected assuranceto
that such proceeds will be received and there are no agreements or understandings currently in effect from any potential investors. Additionally,
it is anticipated that the company will continue to receivegenerate revenuesrevenue from operations in the coming year; however, there iscan be no assurance
that this will occur.happen. The company Company
relies solely on the fundingfinancing provided by loans from Liliia Havrykh, our President, inpursuant accordance withto the
Loan Credit Agreement between IMA Tech Inc. and
Ms. Havrykh,Havrykh dated March 29, 2023, as amended on December 22, 2023 and2023, April 1, 2024, and December 16, 2024. The loans
will also be used for fundingto
fund the Company’s operations and will be provideddisbursed on“as ‘as-needed’ basis.needed.” The
total aggregate amount of such funds shall not exceed $200,000.
$300,000. We believe that such loans will be sufficient for us to continue operationsoperating for the next
12 months. The companyCompany will repay the
amounts loan amountslent to the President withfrom the revenues it will generate upon launching of its application.receives.
As
the company’sCompany’s expenses are relatively
stable, unless additional siteswebsites are
rolled out, the companyCompany believes it can continue its present operations with projected revenues together
with proceeds from a private
offering. The companyCompany will consider raising additional funds through sales of equity, debt and convertible
securities, if it is deemed
necessary. The companyCompany has no intention in investing in short-term or long-term discretionary financial programs
of any kind.
Total incomerevenue for the year ended April
30, 20242025 was $10,800,$55,374 and no income$10,800 was generated fromfor inceptionthe onyear March 20, 2023 throughended April 30, 2023.2024.
Total expenses for the year ended April
30, 2023 were $31, made up of bank service charges.
Total expenses for the year ended April
30, 20242025 were $38,635,$110,445, made up of professional fees $22,564,of amortization$40,569, advertising & marketing expenses of $15,454,$5,000, maintenance expense of
$3,000, website technical support services of $4,900, bank service charges of $48, and general and administrativeamortization expense of $617.$56,928.
Total expenses for the year ended April 30, 2024 were $38,635, made up of professional fees of $22,564, amortization of $15,454, and general and administrative expense of $617.
The increases in revenue and expenses in the current year were mostly due to the general overall growth of the Company. Specifically, we increased our customer base through advertising and marketing, paid fees to become eligible with the Depositor Trust Company (DTC), and had our intangible assets amortized for a full year, versus a partial year in the prior period.
What changed in the latest 10-Q
Risk Factors
We could not find a separate Risk Factors item in the latest 10-Q. Some companies leave it out of quarterly reports; see the annual 10-K risk factors and the original filing. Open the filing on SEC.gov.
Management's Discussion & Analysis (MD&A)
New heading “Change in Plan of Business”
New heading “Off-Balance Sheet Arrangements”
Removed heading “Current Financial Condition”
Largest changes
“With over two decades of expertise in international logistics, Shenzhen Jingbao is headquartered in Shenzhen, China, and operates branches across Guangzhou, Shenzhen, Quanzhou, Xiamen, Yiwu, and Qingdao. Originally specializing in containerized maritime, land, and air freight, Shenzhen Jingbao has cultivated a pragmatic, diligent, and efficient service philosophy. Leveraging its professional expertise and resource advantages, it has developed an in-house ecommerce logistics system to target the rapidly expanding e-commerce sector in Southeast Asia. …”see in full comparison
“• Maintain a strong focus on innovation to stay ahead of the competition. Regularly monitor technological advancements and industry trends to identify new opportunities for improvement and expansion. Foster a culture of experimentation and encourage employees to contribute innovative ideas to drive the evolution of our AI avatars services.”see in full comparison
“• Position our AI avatars as a cost-saving and time-efficient solution for customers. Highlight the benefits of streamlined processes, reduced manual labor, and faster response times. Conduct regular cost analyses to optimize operations and explore automation opportunities to further enhance efficiency.”see in full comparison
Full comparison: every changed paragraph (45)
As of the date of this Report, the Company has no
employees. The Company’s boardSole consistsDirector ofis LiliiaWang Havrykh, Mateusz Jakubowski and Daniel Jozef
Szaruga.Hui.
LiliiaWang HavrykhHui also serves as the
Company’s President,
Chief Executive Officer, Treasurer, and Secretary. None of the directors or the executive officer are
classified as an employee of the
Company, and the Company has no other personnel.
Change in Plan of Business
On January 29, 2026, the Company entered into a Letter of Intent (the “Letter of Intent”) to acquire Shenzhen Jingbao Supply Chain Technology Co., Ltd. (“Shenzhen Jingbao”), a company owned by the Company’s Sole Officer and Director, Wang Hui. The Letter of Intent contemplates that the Company would issue a combination of common stock and Series A Preferred Stock (see Item 5.07 Submission of Matters to a Vote of Security Holders below) in the acquisition. The definitive agreement is expected to be completed following the completion of certain administrative actions required by applicable Chinese law, with a closing to occur shortly thereafter.
With over two decades of expertise in international logistics, Shenzhen Jingbao is headquartered in Shenzhen, China, and operates branches across Guangzhou, Shenzhen, Quanzhou, Xiamen, Yiwu, and Qingdao. Originally specializing in containerized maritime, land, and air freight, Shenzhen Jingbao has cultivated a pragmatic, diligent, and efficient service philosophy. Leveraging its professional expertise and resource advantages, it has developed an in-house ecommerce logistics system to target the rapidly expanding e-commerce sector in Southeast Asia. Shenzhen Jingbao is committed to becoming the most robust supply chain logistics provider in the region, building an integrated and comprehensive logistics information system and management model. It aims to create a professional logistics service enterprise that seamlessly integrates commercial, logistics, information, and capital flows.
Once acquired, the Company’s Board of Directors intends to pursue the business plan of Shenzhen Jingbao if favor of its current operations.
The Company is unable to predict its operating results following the completion of its planned acquisition of Shenzhen Jingbao.
Three months ended OctoberJanuary
31, 20252026 compared to OctoberJanuary 31, 20242025
For the three months ended OctoberJanuary 31, 20252026 we generated
total revenue of $65,726.$NIL.
For the three months ended OctoberJanuary 31, 20242025
we generated total revenue of $10,000.$27,274.
The increase in revenue over time was due to general overall growth of the Company and an increase in our customer base, along with improvements to our website that allowed for us to better market our product and provide our services. However, these revenue results relate to the plan of business that is to be abandoned in favor of the business plan of Shenzhen Jingbao, once acquired.
Total operating expenses for
three months ended October 31, 2025 were $67,663. The operating expenses included bank service charges ($49), amortization expense ($14,232),
SEO services ($23,525), professional fees ($12,717), server lease ($4,390), website bug fixing services ($6,300) and website technical
support services ($6,450).
Total operating expenses for
three months ended OctoberJanuary 31, 20242026 were $22,856.$14,433. The operating expenses included bank service charges ($25), advertising & marketing
expense ($2,000), amortization expense ($14,231),of maintenance expense ($2,000), and professional fees ($4,600).$14,232.
Total operating expenses for three months ended January 31, 2025 were $25,944. The operating expenses included general and administrative expenses of $11,713 and amortization expense $14,231.
These results relate to the plan of business that is to be abandoned in favor of the business plan of Shenzhen Jingbao, once acquired
Overall increases were due to
Company growth, which included efforts to improve our online exposure to potential customers, maintenance
and improvements to our website
for better user experiences, OTCQB exchange filing fees,fees and server rental costs.
OurThese results relate to the plan of business
that is to be abandoned in favor of the business plan of Shenzhen Jingbao, once acquired our net (loss)/gain for three
months ended OctoberJanuary
31, 31,2026 and 2025 and 2024 was $1,937$(14,433) and $12,856,$1,330, respectively, due to increases in expenses that were in excess of our revenue increases,
increases, as described above.
SixNine months ended OctoberJanuary
31, 20252026 compared to OctoberJanuary 31, 20242025
For the sixnine months ended OctoberJanuary 31, 20252026 we generated total revenue of
$70,126.
For the sixnine months ended OctoberJanuary 31, 20242025
we we
generated total revenue of $14,700.$41,974.
The increase in revenue over time was due to general overall growth of the Company and an increase in our customer base, along with improvements to our website that allowed for us to better market our product and provide our services. However, these revenue results relate to the plan of business that is to be abandoned in favor of the business plan of Shenzhen Jingbao, once acquired.
Total operating expenses
for for
sixnine months ended OctoberJanuary 31, 20252026 were $92,925.$107,358. The operating expenses included bank service charges ($105), amortization expense ($28,463),
SEO services ($23,525), professional fees ($21,242), server lease ($4,390), website bug fixing services ($6,300$42,695), and websitegeneral
and technical
supportadministrative servicesexpenses ($8,900$64,663).
Total operating expenses for nine months ended January 31, 2025 were $70,620. The operating expenses included amortization expense ($42,695), and general and administrative expenses ($27,925).
Total operating expenses for
six months ended October 31, 2024 were $44,676. The operating expenses included bank service charges ($29), amortization expense ($28,463),
professional fees ($12,184), advertising & marketing ($2,000), and maintenance expense ($2,000). Overall increases were due
to Company
growth, which included efforts to improve our online exposure to potential customers, maintenance and improvements to our
website for
better user experiences, OTCQB exchange filing fees,fees and server rental costs.
Our net loss for sixnine months
ended OctoberJanuary 31, 20252026 and 20242025 was $22,799$37,232 and $29,976,$28,646, respectively, due to increases in revenue and operating expenses described above.
These results relate to the plan of business that is to be abandoned in favor of the business plan of Shenzhen Jingbao, once acquired.
As of OctoberJanuary 31, 20252026 the Company
Company had cash of $598$397 ($4,500 as of April 30, 2025) and had a negative working capital of $252,233$82,873 as of OctoberJanuary 31, 2025.2026.
Net cash used in operating activities
activities for the sixnine months ended OctoberJanuary 31, 20252026 was $24,622$46,798 due to a net loss of $22,799,$37,233, a change in operating assets and liabilities
of $30,286,
offset by amortization expense of $28,463.$42,695.
Net cash used in operating activities
activities for the sixnine months ended OctoberJanuary 31, 20242025 was $28,494$77,885 due to a net loss of $29,976,$28,464, a change in operating assets and liabilities
of $26,981, $35,190,
offset by amortization expense of $28,463.$42,695.
We had no cash flows used in
or provided by investing activities for the sixnine months ended OctoberJanuary 31, 20252026 and 2024.2025.
Net cash provided by financing
activities for the sixnine months ended OctoberJanuary 31, 20252026 was $20,720 due to proceeds from related party loans of $22,020, offset by repayments
for related party loans of $1,300.
Off-Balance Sheet Arrangements
At January 31, 2026, and at April 30, 2025, the Company had no off-balance sheet arrangements.
Net cash provided by financing
activities for the six months ended October 31, 2024 was $30,883 due to proceeds from the sale of common stock of $28,647 and proceeds
from related party loans of $2,236.
Strategy
Our business strategy is centered around utilizing
AI avatars to simplify customer requests, reduce costs, and save time for implementation.
By deploying digital avatars that serve customers
remotely, we aim to improve efficiency and deliver personalized content. Through the effective use of AI technologies and leveraging our
vast database, we will accurately target our audience's interests and stay at the forefront of innovation. This strategy will enhance
customer experiences and increase our market competitiveness.
• Continuously
invest in research and development to improve our AI avatars capabilities. Focus on enhancing the natural language processing (NLP) capabilities,
machine learning algorithms, and data analytics to ensure accurate and personalized customer interactions.
• Place
a strong emphasis on delivering exceptional customer experiences through our AI avatars. Ensure that customer interactions are seamless,
efficient, and personalized. Continuously gather customer feedback and leverage AI-powered sentiment analysis to understand customer satisfaction
levels and identify areas for improvement.
• Position
our AI avatars as a cost-saving and time-efficient solution for customers. Highlight the benefits of streamlined processes, reduced manual
labor, and faster response times. Conduct regular cost analyses to optimize operations and explore automation opportunities to further
enhance efficiency.
• Develop
a comprehensive marketing and branding strategy to promote our AI avatars services. Utilize targeted advertising, content marketing, social
media, and search engine optimization to increase brand awareness and attract potential customers. Leverage customer testimonials and
case studies to showcase the effectiveness and value of our offerings.
• Maintain
a strong focus on innovation to stay ahead of the competition. Regularly monitor technological advancements and industry trends to identify
new opportunities for improvement and expansion. Foster a culture of experimentation and encourage employees to contribute innovative
ideas to drive the evolution of our AI avatars services.
• Prioritize
the security and privacy of customer data. Implement robust data protection measures, adhere to industry regulations, and ensure transparent
data handling practices. Communicate our commitment to data privacy and security to build trust with customers and mitigate any potential
concerns.
Current Financial Condition
For the six months ended October 31, 2025 we generated revenue in amount of $70,126. The Company issued no shares of common stock during
the six months ended October 31, 2025. Please refer to our financial statements contained herein for more detailed information.
IMAA insider buying and selling (Form 4)
Since 2026-04-11, insiders reported open-market purchases in 0 Form 4 filings and open-market sales in 0 filings. Totals add up every open-market (code P and S) line in those filings, using the prices reported in the filings. Awards, option exercises, tax withholding and gifts are listed below but not counted.
No Form 4 stock transactions in this period.
Well-known investors holding IMAA (13F)
None of the 59 investors we track reported a position in their latest 13F.