Companies › LDXC

LDXC 10-K & 10-Q changes, risk factors and insider trading

Londax Corp. · OTC · Services-Computer Programming Services · CIK 1985554 · All filings on SEC.gov

Everything below is quoted or computed from Londax Corp.'s public SEC filings. It is not a recommendation to buy or sell. Automated comparisons can contain errors; confirm with the original filing.

At a glance

25 / 1risk-factor paragraphs added / removed in latest 10-K
12new risk-factor headings
0Form 4 filings reporting open-market purchases (last 180 days)
0Form 4 filings reporting open-market sales (last 180 days)

Jump to: Annual report (10-K) · Quarterly report (10-Q) · Insider transactions · 13F holders

What changed in the latest 10-K

Comparing 10-K filed 2026-09-15 (period ending 2026-05-31) with 10-K filed 2025-09-02 (period ending 2025-05-31).

Risk Factors (10-K Item 1A)

25new paragraphs
1removed paragraphs
0reworded paragraphs
6 → 459words in section

New heading “Limited operating history and recurring losses”

New heading “Going-concern uncertainty”

New heading “Liquidity, creditor payment and related-party financing risk”

New heading “Strategic transition risk”

New heading “Capital intensity”

New heading “Financing and dilution”

New heading “Dependence on key management and third parties”

New heading “OTC market liquidity and volatility”

New heading “Recent change in control and corporate actions”

New heading “Internal-control limitations”

New heading “Cybersecurity and third-party systems”

New heading “Shell-status risk”

Largest changes (selected automatically by length and topic keywords; quoted verbatim, no commentary)

New text topics: liquidity
“Liquidity, creditor payment and related-party financing risk”
see in full comparison
New text topics: liquidity
“OTC market liquidity and volatility”
see in full comparison
New text topics: going concern
“At May 31, 2026, the Company had no cash and current liabilities of $44,035, including $37,741 of related-party loans and $5,298 of deferred income. The Company may be unable to pay creditors as obligations become due without additional financing or continued related-party support. There is no assurance that related-party support will continue or that external financing will be available on acceptable terms, and these conditions contribute to substantial doubt about the Company’s ability to continue as a going concern.”
see in full comparison
New text topics: cybersecurity incident, breach
“Cybersecurity incidents, cloud-provider disruptions, data breaches or failures of third-party systems could adversely affect operations.”
see in full comparison
New text topics: going concern
“The audited financial statements include going-concern disclosure. At May 31, 2026, the Company had no cash, an accumulated deficit of $40,622 and current liabilities of $44,035. These conditions raise substantial doubt about the Company’s ability to continue as a going concern without additional financing or other financial support.”
see in full comparison
New text topics: material weakness
“A small staff may limit segregation of duties and financial-reporting resources and may contribute to material weaknesses or control deficiencies.”
see in full comparison
Full comparison: every changed paragraph (26)

Green = added, red = removed. Unchanged paragraphs and tables are not shown. Read the complete text in the original filing.

Added

An investment in our common stock involves a high degree of risk. The following material risks should be considered together with the other information contained in this Annual Report.

Added

Limited operating history and recurring losses

Added

The Company has a limited operating history, limited revenue and recurring losses. For the year ended May 31, 2026, the Company recorded a net loss of $37,343 and had no cash at year-end. The Company may not generate sufficient operating cash flow to fund its activities.

Added

Going-concern uncertainty

Added

The audited financial statements include going-concern disclosure. At May 31, 2026, the Company had no cash, an accumulated deficit of $40,622 and current liabilities of $44,035. These conditions raise substantial doubt about the Company’s ability to continue as a going concern without additional financing or other financial support.

Added

Liquidity, creditor payment and related-party financing risk

Added

At May 31, 2026, the Company had no cash and current liabilities of $44,035, including $37,741 of related-party loans and $5,298 of deferred income. The Company may be unable to pay creditors as obligations become due without additional financing or continued related-party support. There is no assurance that related-party support will continue or that external financing will be available on acceptable terms, and these conditions contribute to substantial doubt about the Company’s ability to continue as a going concern.

Added

Strategic transition risk

Added

The post-year-end transition toward AI and digital infrastructure is preliminary and may not produce completed projects, revenue or profitability.

Added

Capital intensity

Added

Large-scale data-center and power infrastructure projects may require substantial capital, site control, utility arrangements, permits, engineering, equipment and customer commitments.

Added

Financing and dilution

Added

The Company may require substantial additional financing, which may be unavailable or may dilute existing stockholders.

Added

Dependence on key management and third parties

Added

The Company relies on a small management team and third-party professional, technology and regulatory service providers.

Added

OTC market liquidity and volatility

Added

The Company’s common stock is quoted in the over-the-counter market and may be subject to limited liquidity, volatility and penny-stock rules.

Added

Recent change in control and corporate actions

Added

Recent changes in control, management, capitalization, legal name, trading symbol and other corporate actions may increase execution, governance and disclosure risks.

Added

Internal-control limitations

Added

A small staff may limit segregation of duties and financial-reporting resources and may contribute to material weaknesses or control deficiencies.

Added

Cybersecurity and third-party systems

Added

Cybersecurity incidents, cloud-provider disruptions, data breaches or failures of third-party systems could adversely affect operations.

Added

Shell-status risk

Added

The Company has historically reported as a non-shell while OTC Markets has displayed a Shell Risk flag. Brokers, market operators or regulators may independently assess shell-company issues.

Removed

Not applicable to smaller reporting companies.

Management's Discussion & Analysis (MD&A) (10-K Item 7)

15new paragraphs
25removed paragraphs
2reworded paragraphs
874 → 853words in section

New heading “Results of Operations”

New heading “Other Income and Net Loss”

Removed heading “Cash Flows from Operating Activities”

Removed heading “Cash Flows from Investing Activities”

Removed heading “Cash Flows from Financing Activities”

Removed heading “OFF-BALANCE SHEET ARRANGEMENTS”

Removed heading “LIMITED OPERATING HISTORY; NEED FOR ADDITIONAL CAPITAL”

Largest changes (selected automatically by length and topic keywords; quoted verbatim, no commentary)

New text topics: going concern
“Future issuances of the Company’s equity or debt securities will be required for the Company to continue to finance its operations and continue as a going concern. The Company’s present revenues are insufficient to meet operating expenses. The financial statements of the Company have been prepared assuming that the Company will continue as a going concern, which contemplates, among other things, the realization of assets and the satisfaction of liabilities in the normal course of business. …”
see in full comparison
New text topics: going concern
“These factors raise substantial doubt about the Company’s ability to continue as a going concern within one year after the date these financial statements are issued. The consolidated financial statements of the Company do not include any adjustments that may result from the outcome of these aforementioned uncertainties.”
see in full comparison
Removed text
“LIMITED OPERATING HISTORY; NEED FOR ADDITIONAL CAPITAL”
see in full comparison
Removed text
“Cash Flows from Operating Activities”
see in full comparison
Removed text
“Cash Flows from Investing Activities”
see in full comparison
Removed text
“Cash Flows from Financing Activities”
see in full comparison
Full comparison: every changed paragraph (42)

Green = added, red = removed. Unchanged paragraphs and tables are not shown. Read the complete text in the original filing.

Added

The following discussion should be read together with the audited financial statements and notes included in Item 8. The fiscal 2026 amounts below are derived from the final audited financial statements for the years ended May 31, 2026 and 2025.

Added

Results of Operations

Removed

Results of Operations for the years ended May 31, 2025 and 2024:

Added

Revenue decreased by approximately $38,087, or 57.3%, to $28,323 in fiscal 2026 from $66,410 in fiscal 2025. The decrease was mainly due to a shift in the Company’s revenue model. In fiscal 2026, revenue was recognized from annual subscription services ratably over the subscription term, whereas the prior-year revenue was derived from a one-time service recognized when provided.

Removed

For the years ended May 31, 2025 and 2024, the Company generated total revenue of $66,410 and $25,297, respectively, from providing services to its customers. Revenue increased by approximately $41,113, or 162.5%, for the year ended May 31, 2025, compared to the same period in 2024. The increase was mainly due to a higher volume of services delivered and an expanded customer base.

Reworded

Cost of salesSales and Gross Profit

Added

Cost of sales was $0 in fiscal 2026 compared with $12,000 in fiscal 2025. Gross profit decreased to $28,323 from $54,410, primarily as a result of the decrease in revenue and the change in revenue model described above.

Removed

Cost of sales for the years ended May 31, 2025 was $12,000, compared to $0 for the comparable period in 2024.

Added

Total operating expenses increased approximately $22,008, or 39.6%, to $77,616 from $55,608. Amortization and depreciation increased to $25,030 from $11,287. General and administrative expense declined to $232 from $26,932. Professional fees increased to $52,353 from $17,389, including approximately $20,000 of DTC expense, $15,345 of other professional fees, $12,112 of audit fees, $3,398 of filing-agent fees and $1,498 of transfer-agent fees.

Added

Other Income and Net Loss

Added

Other income, net, was $11,949 in fiscal 2026, consisting principally of $12,000 of debt-forgiveness income offset by $51 of foreign-exchange loss. As a result, the Company recorded a net loss of $37,343 for fiscal 2026 compared with a net loss of $1,198 for fiscal 2025.

Removed

Total operating expenses for the year ended May 31, 2025 were $55,608 ($27,179 for the year ended May 31, 2024) consisting of amortization and depreciation expense of $11,287 ($1,100 for the year ended May 31, 2024); general and administrative expenses of $26,932 ($4,271 for the year ended May 31, 2024); professional fees of $17,389 ($21,808 for the year ended May 31, 2024). Operating expenses increased by approximately $28,429, or 104.6%, for the year ended May 31, 2025 as compared to the same period of 2024. The change was primarily due to higher General and Administrative expenses and amortization expenses. General and Administrative expenses increased due to an increase in intangible asset development expenses. Amortization expenses increased as the Company capitalized a portion of the intangible asset development costs.

Removed

Net Losses

Removed

The company recorded a net loss of $1,198 for the years ended May 31, 2025, and $1,882 for the year ended May 31, 2024. As a result of the factors described above, net loss for the year ended May 31, 2025 decreased by approximately $684, or 36.3%, as compared for the same period for 2024.

Added

At May 31, 2026, the Company had $0 in cash, $6,675 of prepaid expenses, total assets of $44,347 and current liabilities of $44,035. Current liabilities consisted of $996 of accounts payable, $5,298 of deferred income and $37,741 of related-party loans. At May 31, 2025, the Company had $10,606 in cash, total assets of $93,308 and total liabilities of $55,653.

Added

The Company’s ability to execute its business plan depends on operating cash flows, support from affiliates or related parties and access to additional financing. Its post-year-end AI and digital-infrastructure strategy may require substantially greater capital than its historical software operations.

Added

Cash Flows

Added

Net cash used in operating activities was $44,067 for the year ended May 31, 2026, compared with $94,461 provided by operating activities in fiscal 2025. Fiscal 2026 operating cash flows reflected the $37,343 net loss, $25,030 of amortization and depreciation, $13,325 of prepaid-expense changes, a $50,376 reduction in accounts payable and a $5,298 increase in deferred income. Net cash provided by financing activities was $33,460, attributable to net advances received from related parties. The resulting net decrease in cash for fiscal 2026 was $10,606.

Added

Going Concern

Added

Future issuances of the Company’s equity or debt securities will be required for the Company to continue to finance its operations and continue as a going concern. The Company’s present revenues are insufficient to meet operating expenses. The financial statements of the Company have been prepared assuming that the Company will continue as a going concern, which contemplates, among other things, the realization of assets and the satisfaction of liabilities in the normal course of business. The Company used $44,067 in cash from operations, and incurred a net loss of $37,343 during the year ended May 31, 2026. The Company has an accumulated deficit of $40,622 as of May 31, 2026, and requires capital for its contemplated operational and marketing activities to take place. The Company’s ability to raise additional capital through the future issuances of common stock is unknown. Securing additional financing, the successful development of the Company’s contemplated plan of operations, and its transition, ultimately, to the attainment of profitable operations are necessary for the Company to continue operations. At May 31, 2026, the Company had no cash, stockholders’ equity of $312, and $37,741 of related-party loans payable upon request. The Company’s ability to fund its obligations and sustain operations over the next twelve months depends on generating sufficient revenue and obtaining additional financing, which may include continued support from related parties and/or debt or equity financing. Management intends to seek additional funds through private or public offerings. There can be no assurance that additional financing or related-party support will be available on acceptable terms or at all.

Added

These factors raise substantial doubt about the Company’s ability to continue as a going concern within one year after the date these financial statements are issued. The consolidated financial statements of the Company do not include any adjustments that may result from the outcome of these aforementioned uncertainties.

Removed

As of May 31, 2025, the Company had $10,606 in cash and our liabilities were $55,653, comprising $51,372 in accounts payable and $4,281 owed to Olegs Pavlovs, our president.

Removed

As of May 31, 2024, the Company had $1,664 in cash and our liabilities were $18,772, comprising $14,512 in accounts payable and $4,260 owed to Olegs Pavlovs, our president.

Removed

Since inception to May 31, 2025, we have sold 5,231,135 shares of common stock to our president and shareholders.

Removed

Cash Flows from Operating Activities

Removed

Net cash used in operating activities was $94,461 for the year ended May 31, 2025, compared with $53,782 used in operating activities during the year ended May 31, 2024.

Removed

During the year ended May 31, 2025, the net cash of $94,461 used in operating activities was attributed to net loss of $1,198; decreased by amortization and depreciation expense of $11,287, software in development of $33,000; and increased by accounts payable of $51,372.

Removed

During the year ended May 31, 2024, the net cash of $53,782 used in operating activities was attributed to net loss of $1,882; decreased by amortization and depreciation expense of $1,100; and increased by prepaid expenses of $20,000 and software in development of $33,000.

Removed

Cash Flows from Investing Activities

Removed

For the year ended May 31, 2025, net cash flows provided by or used in investing activities was $71,028, which was attributable to the capitalization of the development of intangible assets.

Removed

For the year ended May 31, 2024, net cash flows provided by or used in investing activities was $3,500, which was attributable to website acquisition.

Removed

Cash Flows from Financing Activities

Removed

For the year ended May 31, 2025, net cash flows provided by financing activities was $14,491, which was attributable to repayments of Notes Payable and net advances received from related parties.

Removed

For the year ended May 31, 2024, net cash flows provided by financing activities was $54,946, which was attributable to proceeds from the issuance of common stock and net advances received from related parties.

Reworded

RecentCritical Accounting PronouncementsPolicies and Estimates

Added

Significant accounting areas have historically included revenue recognition, capitalization and amortization of software and website development costs, fixed assets and related-party transactions.

Removed

The Company has reviewed all the recent accounting pronouncements issued to date of the issuance of these financial statements, and does not believe any of these pronouncements will have a material impact on the Company’s financial reporting.

Removed

OFF-BALANCE SHEET ARRANGEMENTS

Removed

We have no off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources.

Removed

LIMITED OPERATING HISTORY; NEED FOR ADDITIONAL CAPITAL

Removed

There is no historical financial information about us upon which to base an evaluation of our performance. We are in start-up stage operations and have not generated any revenues. We cannot guarantee we will be successful in our business operations. Our business is subject to risks inherent in the establishment of a new business enterprise, including limited capital resources and possible cost overruns due to price and cost increases in services and products.

Removed

We have no assurance that future financing will be available to us on acceptable terms. If financing is not available on satisfactory terms, we may be unable to continue, develop or expand our operations. Equity financing could result in additional dilution to existing shareholders.

What changed in the latest 10-Q

Comparing 10-Q filed 2026-04-07 (period ending 2026-02-28) with 10-Q filed 2026-01-14 (period ending 2025-11-30).

Risk Factors (10-Q Part II, Item 1A)

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) (10-Q Part I, Item 2)

0new paragraphs
0removed paragraphs
23reworded paragraphs
3,000 → 3,006words in section

Largest changes (selected automatically by length and topic keywords; quoted verbatim, no commentary)

Reworded

Paragraph as it now reads, with added and removed wording marked:

Total operating expenses for the sixnine months ended NovemberFebruary 30,28, 20252026 were $51,847$64,956 ($21,495$30,358 for the sixnine months ended NovemberFebruary 30,28, 20242025) consisting of amortization and depreciation expense of $12,515$18,772 ($3,079$6,642 for the sixnine months ended NovemberFebruary 30,28, 20242025); general and administrative expenses of $233 ($5,692$8,916 for the sixnine months ended NovemberFebruary 30,28, 20242025); professional fees of $39,099$45,951 ($12,724$14,800 for the sixnine months ended NovemberFebruary 30,28, 20242025). Operating expenses increased by approximately $30,352,$34,598, or 141%,114%, for the sixnine months ended NovemberFebruary 30,28, 20252026 as compared to the same period of 2024.2025. The increase in total operating expenses was primarily driven by higher professional fees and amortization and depreciation expenses.
see in full comparison
Reworded

Paragraph as it now reads, with added and removed wording marked:

The company recorded a net lossincome of $28,442$7,296 and $1,302 for the three months ended February 28, 2026 and 2025, respectively. As a result of the factors described above, net income for the three months ended NovemberFebruary 30,28, 2025, and a net income of $12,453 for the three months ended November 30, 2024. As a result of the factors described above, net loss for the three months ended November 30, 20252026 increased by approximately $40,895,$5,994, or 328%,460%, as compared for the same period for 2024.2025.
see in full comparison
Reworded

Paragraph as it now reads, with added and removed wording marked:

Total operating expenses for the three months ended NovemberFebruary 30,28, 20252026 were $36,999$13,109 ($6,084$8,863 for the three months ended NovemberFebruary 30,28, 20242025) consisting of amortization and depreciation expense of $6,258$6,257 ($2,741$3,563 for the three months ended NovemberFebruary 30,28, 20242025); general and administrative expenses of $82$0 ($1,065$3,224 for the three months ended NovemberFebruary 30,28, 20242025); professional fees of $30,659$6,852 ($2,278$2,076 for the three months ended NovemberFebruary 30,28, 20242025). Operating expenses increased by approximately $30,915,$4,246, or 508%,48%, for the three months ended NovemberFebruary 30,28, 20252026 as compared to the same period of 2024.2025. The increase increase in total operating expenses was primarily driven by higher professional fees and amortization and depreciation expenses.
see in full comparison
Reworded

Paragraph as it now reads, with added and removed wording marked:

The company recorded a net loss of $40,385$33,089 for the sixnine months ended NovemberFebruary 30,28, 2025,2026, and a net income of $22,750$24,052 for the sixnine months ended NovemberFebruary 30,28, 2024.2025. As a result of the factors described above, the change represents a decrease in net lossincome forof the$57,141, six months ended November 30, 2025 increased byor approximately $63,135,238%, oryear 278%,over as compared for the same period for 2024.year.
see in full comparison
Reworded

Paragraph as it now reads, with added and removed wording marked:

For the sixnine months ended NovemberFebruary 30,28, 20252026 and 2024,2025, the Company generated total revenue of $11,513$19,918 and $53,245,$66,410, respectively, from providing services to its customers. Revenue decreased by approximately $41,732,$46,492, or 78%,70%, for the sixnine months ended NovemberFebruary 30,28, 2025,2026, compared to the same period in 2024.2025. The decrease was mainly due to a shift in the Company's revenue model. In the current period, revenue was recognized from an annual subscription service, which recognizes revenue ratably over the subscription term. In contrast, revenue for the same period in the prior year was derived from a one-time service, which was recognized fully at the time of sale. This change resulted in lower revenue recognition in the current period despite ongoing service delivery.
see in full comparison
Reworded

Paragraph as it now reads, with added and removed wording marked:

During the sixnine months ended NovemberFebruary 30,28, 2024,2025, the net cash of $49,895$76,521 used in operating activities was attributed to net income of $22,750$24,052; decreased by amortization and depreciation expense of $3,079$6,642; accounts receivable of $9,604$12,827; software in development of $15,815$33,000; and increased by accounts payable of $17,855.$12,827.
see in full comparison
Full comparison: every changed paragraph (23)

Green = added, red = removed. Unchanged paragraphs and tables are not shown. Read the complete text in the original filing.

Reworded

Our business office is located at Yiangou Potamiti 27, Limassol, Cyprus 3010. This address was provided by our president, Mr. Pavlovs. Loloshvili. Our telephone number is +371 29591676.

Reworded

Results of Operations for the three months ended NovemberFebruary 30,28, 20252026 and 20242025:

Reworded

For the three months ended NovemberFebruary 30,28, 20252026 and 2024,2025, the Company generated total revenue of $8,405 and $27,537,$13,165, respectively, from providing services to its customers. Revenue decreased by approximately $19,132,$4,760, or 69%,36%, for the three months ended NovemberFebruary 30,28, 2025,2026, compared to the same period in 2024.2025. The decrease was mainly mainly due to a shift in the Company's revenue model. In the current period, revenue was recognized from an annual subscription service, which which recognizes revenue ratably over the subscription term. In contrast, revenue for the same period in the prior year was derived from a one-time service, which was recognized fully at the time of sale. This change resulted in lower revenue recognition in the current period despite despite ongoing service delivery.

Reworded

Cost of sales for the three months ended NovemberFebruary 30,28, 20252026 and 20242025 was $0 and $9,000,$3,000, respectively.

Reworded

Total operating expenses for the three months ended NovemberFebruary 30,28, 20252026 were $36,999$13,109 ($6,084$8,863 for the three months ended NovemberFebruary 30,28, 20242025) consisting of amortization and depreciation expense of $6,258$6,257 ($2,741$3,563 for the three months ended NovemberFebruary 30,28, 20242025); general and administrative expenses of $82$0 ($1,065$3,224 for the three months ended NovemberFebruary 30,28, 20242025); professional fees of $30,659$6,852 ($2,278$2,076 for the three months ended NovemberFebruary 30,28, 20242025). Operating expenses increased by approximately $30,915,$4,246, or 508%,48%, for the three months ended NovemberFebruary 30,28, 20252026 as compared to the same period of 2024.2025. The increase increase in total operating expenses was primarily driven by higher professional fees and amortization and depreciation expenses.

Reworded

The total other income for the three months ended NovemberFebruary 30,28, 2026 and 2025 and 2024 were $152$12,000 and $0, respectively. Other income included foreigndebt exchange gain.forgiveness.

Reworded

The company recorded a net lossincome of $28,442$7,296 and $1,302 for the three months ended February 28, 2026 and 2025, respectively. As a result of the factors described above, net income for the three months ended NovemberFebruary 30,28, 2025, and a net income of $12,453 for the three months ended November 30, 2024. As a result of the factors described above, net loss for the three months ended November 30, 20252026 increased by approximately $40,895,$5,994, or 328%,460%, as compared for the same period for 2024.2025.

Reworded

Results of Operations for the sixnine months ended NovemberFebruary 30,28, 20252026 and 20242025:

Reworded

For the sixnine months ended NovemberFebruary 30,28, 20252026 and 2024,2025, the Company generated total revenue of $11,513$19,918 and $53,245,$66,410, respectively, from providing services to its customers. Revenue decreased by approximately $41,732,$46,492, or 78%,70%, for the sixnine months ended NovemberFebruary 30,28, 2025,2026, compared to the same period in 2024.2025. The decrease was mainly due to a shift in the Company's revenue model. In the current period, revenue was recognized from an annual subscription service, which recognizes revenue ratably over the subscription term. In contrast, revenue for the same period in the prior year was derived from a one-time service, which was recognized fully at the time of sale. This change resulted in lower revenue recognition in the current period despite ongoing service delivery.

Reworded

Cost of sales for the sixnine months ended NovemberFebruary 30,28, 20252026 and 20242025 was $0 and $9,000,$12,000, respectively.

Reworded

Total operating expenses for the sixnine months ended NovemberFebruary 30,28, 20252026 were $51,847$64,956 ($21,495$30,358 for the sixnine months ended NovemberFebruary 30,28, 20242025) consisting of amortization and depreciation expense of $12,515$18,772 ($3,079$6,642 for the sixnine months ended NovemberFebruary 30,28, 20242025); general and administrative expenses of $233 ($5,692$8,916 for the sixnine months ended NovemberFebruary 30,28, 20242025); professional fees of $39,099$45,951 ($12,724$14,800 for the sixnine months ended NovemberFebruary 30,28, 20242025). Operating expenses increased by approximately $30,352,$34,598, or 141%,114%, for the sixnine months ended NovemberFebruary 30,28, 20252026 as compared to the same period of 2024.2025. The increase in total operating expenses was primarily driven by higher professional fees and amortization and depreciation expenses.

Reworded

The total other expenses for the sixnine months ended NovemberFebruary 30,28, 2026 and 2025 and 2024 were $51$11,949 and $0, respectively. Other income included debt forgiveness of $12,000, and other expenses included foreign exchange loss.loss of $51.

Reworded

The company recorded a net loss of $40,385$33,089 for the sixnine months ended NovemberFebruary 30,28, 2025,2026, and a net income of $22,750$24,052 for the sixnine months ended NovemberFebruary 30,28, 2024.2025. As a result of the factors described above, the change represents a decrease in net lossincome forof the$57,141, six months ended November 30, 2025 increased byor approximately $63,135,238%, oryear 278%,over as compared for the same period for 2024.year.

Reworded

As of NovemberFebruary 30,28, 2025,2026, the Company had $13,951 in cash and our liabilities were $81,553,$63,995, comprising $39,143$807 in accounts payable, $22,109$13,703 in deferred income and $20,301$49,485 owed to Olegs Pavlovs, our president.

Reworded

As of May 31, 2025, the Company had $10,606 in cash and our liabilities were $55,653, comprising $51,372 in accounts payable and $4,281 owed to Olegs Pavlovs, our former president.

Reworded

Net cash used in operating activities was $12,675$41,859 for the sixnine months ended NovemberFebruary 30,28, 2025,2026, compared with $49,895$76,521 used in operating activities during the sixnine months ended NovemberFebruary 28, 30, 2024.2025.

Reworded

During the sixnine months ended NovemberFebruary 30,28, 2025,2026, the net cash of $12,675$41,859 used in operating activities was attributed to net loss of $40,385$33,089; decreased by amortization and depreciation expense of $12,515$18,772; prepaid expenses of $5,315$9,320; accounts payable of $12,229$50,565; and increased by deferred income of $22,109.$13,703.

Reworded

During the sixnine months ended NovemberFebruary 30,28, 2024,2025, the net cash of $49,895$76,521 used in operating activities was attributed to net income of $22,750$24,052; decreased by amortization and depreciation expense of $3,079$6,642; accounts receivable of $9,604$12,827; software in development of $15,815$33,000; and increased by accounts payable of $17,855.$12,827.

Reworded

For the sixnine months ended NovemberFebruary 30,28, 2025,2026, net cash flows provided by or used in investing activities was $0.

Reworded

For the sixnine months ended NovemberFebruary 30,28, 2024,2025, net cash flows provided by or used in investing activities was $36,528,$50,528, which was attributable to the capitalization of the development of intangible assets.

Reworded

For the sixnine months ended NovemberFebruary 30,28, 2025,2026, net cash flows provided by financing activities was $16,020,$45,204, was attributable to net advances received from related parties.

Reworded

For the sixnine months ended NovemberFebruary 30,28, 2024,2025, net cash flows provided by financing activities was $14,512,$14,491, which was attributable to the repayment of notes payable.payable ($14,512) and net advances received from related parties ($21).

Reworded

In case our short-term expenses exceed our expectations, the company’s former president, Olegs Pavlovs,Pavlovs , has indicated that he may be willing to provide funds required to maintain the reporting status in the form of a non-secured loan until minimum required proceeds are obtained by the Company. However, there is no contract in place or written agreement securing this agreement. We believe that we will obtain this loan from our president as he is the majority owner of the company and therefore has an incentive to finance us.

LDXC 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 LDXC (13F)

None of the 59 investors we track reported a position in their latest 13F.

Coming soon: email alerts when LDXC files, watchlists and downloadable comparisons.