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YoY shift: Neutral
Year-over-year tone shift - average net-tone change across Risk Factors and MD&A vs the prior 10-K. This filing is -0.04pp more bearish than last year's.
Why YoY instead of absolute: the LM lexicon has ~6.6× more negative words than positive (legal/risk-disclosure language is heavy on hedging), so every 10-K reads bearish on raw tone. Year-over-year change strips that bias and surfaces the actual shift in management's framing.
Tone shift by section
The two components the gauge averages: how Risk Factors and MD&A each shifted in net tone versus last year's 10-K. The headline above is their average, so a green needle over a soft section just means the other section carried it.
Risk Factors
-
Not scored
Net-tone change vs last year's 10-K.
MD&A
-0.04pp
Flat
Net-tone change vs last year's 10-K.
Per-snippet highlights
Sentence-level sentiment highlighting with category and subcategory filters is coming once the snippet-scoring pipeline lands. For now, dig into the actual section text on the Sections tab.
No section text extracted for this filing. The 10-K may use a non-standard template that the parser doesn't recognize - the original doc is still linked in the Stats tab.
MD&A (Item 7)
1,278 words
ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
The following discussion should be read in conjunction with our financial statements, including the notes thereto, appearing elsewhere in this annual report. The following discussion contains forward-looking statements that reflect our plans, estimates and beliefs. Our actual results could differ materially from those discussed in the forward looking statements. Factors that could cause or contribute to such differences include, but are not limited to those discussed below and elsewhere in this Annual Report. Our audited financial statements are stated in United States Dollars and are prepared in accordance with United States Generally Accepted Accounting Principles.
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RESULTS OF OPERATIONS
The following summary of our results of operations should be read in conjunction with our financial statements for the year ended January 31, 2025 and 2024, which are included herein.
Our audited financial statements report a net loss of $90,712 for the year ended January 31, 2025 compared to a net loss of $202,345 for the year ended January 31, 2024. The decrease in net loss during the year ended January 31, 2025 was mainly due to an decrease in the operating expenses and other expenses.
During the year ended January 31, 2025 and 2024, the Company recognized gross revenue of $2,132 and $4,370 and incurred cost of sales of $1,896 and $539, resulting in gross profit of $236 and $3,831, respectively.
Our operating expenses for the year ended January 31, 2025 were $84,147 compared to $112,821 for the year ended January 31, 2024. The decrease in operating expenses was mainly due to an decrease in depreciation on plant and equipment and professional fees includes audit and accounting fees.
Our other expenses for the year ended January 31, 2025 were $6,801 compared to $93,355 for the year ended January 31, 2024. During the year ended January 31, 2024, the Company incurred impairmentloss on software of $69,841 and impairmentloss on goodwill of $26,319.
Liquidity and Financial Condition
Working Capital
January 31,
January 31,
Changes
Current Assets
Current Liabilities
Working Capital Deficiency
Our total current assets as of January 31, 2025 were $4 as compared to total current assets of $161 as of January 31, 2024 due to a decrease in cash.
Our total current liabilities as of January 31, 2025 were $338,626 as compared to total current liabilities of $252,581 as of January 31, 2024. The increase was primarily due to an increase in convertible notes, due to related parties and accrued interest.
Our working capital deficit at January 31, 2025 was $338,622 as compared to working capital deficit of $252,420 as of January 31, 2024. The increase in working capital deficiency was mainly attributed to an increase in convertible notes, due to related parties and accrued interest.
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Cash Flows
Operating Activities
Year Ended
January 31,
Changes
Cash flows used in operating activities
Cash flows used in investing activities
Cash flows provided by financing activities
Effect of exchange rate changes on cash
Net changes in cash
Net cash used in operating activities was $58,943 for the year ended January 31, 2025 compared with net cash used in operating activities of $65,726 during the prior year.
During the year ended January 31, 2025, the net cash used in operating activities was attributed to net loss of $90,712 reduced by depreciation of $580 and changes in operating assets and liabilities of $31,189.
During the year ended January 31, 2024, the net cash used in operating activities was attributed to net loss of $202,345 reduced by depreciation of $12,386, impairmentloss on software of $69,841, impairmentloss on goodwill of $26,319, changes in operating assets and liabilities of $31,055, and increased by accounts payable written off of $2,982.
Investing Activities
During the year ended January 31, 2025 and 2024, the Company had no investing activities.
Financing Activities
During the year ended January 31, 2025 and 2024, net cash from financing activities was $57,826 and $60,161, respectively.
During the year ended January 31, 2025, we received proceeds from issuance of convertible notes to non-affiliate of $54,926 and proceeds from related parties of $2,900.
During the year ended January 31, 2024, we received proceeds from issuance of convertible notes to non-affiliate of $48,861 and proceeds from related parties of $11,300.
Plan of Operation and Funding
We expect that working capital requirements will continue to be funded through a combination of our existing funds and further issuances of securities. Our working capital requirements are expected to increase in line with the growth of our business.
Existing working capital, further advances and debt instruments, and anticipated cash flow are expected to be adequate to fund our operations over the next twelve months. We have no lines of credit or other bank financing arrangements. Generally, we have financed operations to date through the proceeds of the private placement of equity and debt instruments. In connection with our business plan, management anticipates additional increases in operating expenses and capital expenditures relating to: (i) developmental expenses associated with a start-up business and (ii) marketing expenses. We intend to finance these expenses with further issuances of securities, and debt issuances. Thereafter, we expect we will need to raise additional capital and generate revenues to meet long-term operating requirements. Additional issuances of equity or convertible debt securities will result in dilution to our current shareholders. Further, such securities might have rights, preferences or privileges senior to our common stock. Additional financing may not be available upon acceptable terms, or at all. If adequate funds are not available or are not available on acceptable terms, we may not be able to take advantage of prospective new business endeavours or opportunities, which could significantly and materially restrict our business operations.
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Material Commitments
As of the date of this Annual Report, we do not have any material commitments.
Off-Balance Sheet Arrangements
As of the date of this Annual Report, we do not have any 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 that are material to investors.
Going Concern
The independent auditors’ report accompanying our January 31, 2025 and January 31, 2024 financial statements contain an explanatory paragraph expressing substantial doubt about our ability to continue as a going concern. The financial statements have been prepared “assuming that we will continue as a going concern,” which contemplates that we will realize our assets and satisfy our liabilities and commitments in the ordinary course of business. These financial statements do not include any adjustments related to the recovery or classification of assets or the amounts and classifications of liabilities that might be necessary should the company be unable to continue as going concern.
