10-Q - AAQL - Equibles

UNITED

STATES

SECURITIES

AND EXCHANGE COMMISSION

Washington,

D.C. 20549

FORM

10-Q

☒

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)

OF

THE SECURITIES EXCHANGE ACT OF 1934

Forthe quarterly period ended September 30, 2023

☐

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)

OF

THE SECURITIES EXCHANGE ACT OF 1934

For

the transition period from ______ to ______

Commission

File Number 000-56157

AntiagingQuantum Living Inc.

(Exact name of registrant as specified in its charter)

New York	47-2643986
(State<br> or Other Jurisdiction	(I.R.S.<br> Employer
of<br> Incorporation or Organization)	Identification<br> No.)

133-2739th Ave Ths #PH2A

Flushing,NY 11354

(Address of Principal Executive Offices) (Zip Code)

(929)527-5382

(Registrant’s telephone number, including area code)

N/A

(Former name, former address and former fiscal year, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:

Title<br> of each class	Trading<br> Symbol(s)	Name<br> of each exchange on which registered
Not<br> Applicable	Not<br> Applicable	Not<br> Applicable

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large<br> accelerated filer	☐	Accelerated<br> filer	☐
Non-accelerated<br> filer	☐	Smaller<br> reporting company	☒
		Emerging<br> growth company	☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

As

of November 9, 2023, the registrant had 29,995,000 shares of Class A common stock outstanding.

TABLE

OF CONTENTS

		PAGE
	Note<br> about Forward-Looking Statements	3
	PART I - FINANCIAL INFORMATION
Item<br> 1	Financial Statements	4
	Balance Sheets as of September 30, 2023 (unaudited) and March 31, 2023	5
	Statements of Operations for the three and six months ended September 30, 2023 and 2022 (unaudited)	6
	Statements of Changes in Stockholders’ Deficit for the six months ended September 30, 2023 and 2022 (unaudited)	7
	Statements of Cash Flows for the six months ended September 30, 2023 and 2022 (unaudited)	8
	Notes to Unaudited Financial Statements	9
Item<br> 2	Management’s Discussion and Analysis of Financial Condition and Results of Operation	14
Item<br> 3	Quantitative and Qualitative Disclosures About Market Risk	16
Item<br> 4	Controls and Procedures	16
	PART II - OTHER INFORMATION
Item<br> 1	Legal Proceedings	17
Item<br> 1A	Risk Factors	17
Item<br> 2	Unregistered Sales of Equity Securities and Use of Proceeds	17
Item<br> 3	Defaults Upon Senior Securities	17
Item<br> 4	Mine Safety Disclosures	17
Item<br> 5	Other Information	17
Item<br> 6	Exhibits	18
SIGNATURES		19

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NOTE

ABOUT FORWARD-LOOKING STATEMENTS

Except for historical information, this quarterly report on Form 10-Q contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this quarterly report on Form 10-Q other than statements of historical fact, including statements regarding our future results of operations and financial position, our business strategy and plans, and our objectives for future operations, are forward-looking statements. The words “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” and similar expressions are intended to identify forward-looking statements. We have based these forward-looking statements largely on our current expectations and projections about future events and trends that we believe may affect our financial condition, results of operations, business strategy, short-term and long-term business operations and objectives, and financial needs. These forward-looking statements are subject to a number of risks, uncertainties and assumptions. Moreover, we operate in a very competitive and rapidly changing environment. New risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. In light of these risks, uncertainties and assumptions, the future events and trends discussed in this quarterly report on Form 10-Q may not occur and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements.

We undertake no obligation to revise or publicly release the results of any revision to these forward-looking statements, except as required by law. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements.

Unless expressly indicated or the context requires otherwise, the terms “Antiaging,” “company,” “we,” “us,” and “our” in this document refer to Antiaging Quantum Living Inc, a New York corporation.

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PART

I – FINANCIAL INFORMATION

ITEM

FINANCIAL STATEMENTS

ANTIAGING

QUANTUM LIVING INC

INDEX

TO FINANCIAL STATEMENTS

Balance Sheets as of September 30, 2023 (unaudited) and March 31, 2023	5
Statements of Operations for the three and six months ended September 30, 2023 and 2022 (unaudited)	6
Statements of Changes in Stockholders’ Deficit for the six months ended September 30, 2023 and 2022 (unaudited)	7
Statements of Cash Flows for the six months ended September 30, 2023 and 2022 (unaudited)	8
Notes to Unaudited Financial Statements	9<br> - 13

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ANTIAGING

QUANTUM LIVING INC (FKA. ACHISON INC)

BALANCE

SHEETS

			March 31,
			2023

ASSETS
Current assets
Cash and cash equivalents	55,034		$	354
Advance to suppliers	27,554			-
Total current assets	82,588			354
Equipment, net	383			540
TOTAL ASSETS	82,971		$	894
LIABILITIES AND STOCKHOLDERS’ DEFICIT
Current liabilities
Accounts payable and accrued liabilities	10,918		$	901
Loan from shareholders	115,335			83,300
Advances from customers	13,630			-
Contract liabilities	-			2,800
Total current liabilities	139,883			87,001
TOTAL LIABILITIES	139,883			87,001
COMMITMENTS AND CONTINGENCIES	-			-
STOCKHOLDERS’ DEFICIT
Class A common stock, 0.001 par value, 30,000,000 authorized, 29,995,000 shares issued and outstanding	29,995			29,995
Additional paid-in capital	243,530			160,230
Accumulated deficit	(330,437	)		(276,332	)
TOTAL STOCKHOLDERS’ DEFICIT	(56,912	)		(86,107	)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT	82,971		$	894

All values are in US Dollars.

The

accompanying notes are an integral part of these financial statements

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ANTIAGING

QUANTUM LIVING INC (FKA. ACHISON INC)

UNAUDITED

CONDENSED STATEMENTS OF OPERATIONS

(Unaudited)

	2023			2022			2023			2022
	Three months ended						Six months ended
	September 30,						September 30,
	2023			2022			2023			2022
Revenue	$	-		$	6,000		$	1,200		$	8,400
Operating expenses:
General and administrative		24,378			7,520			55,305			31,025
Total operating expenses		24,378			7,520			55,305			31,025
Loss from operations		(24,378	)		(1,520	)		(54,105	)		(22,625	)
Loss before income tax		(24,378	)		(1,520	)		(54,105	)		(22,625	)
Income tax expense		-			-			-			-
Net loss	$	(24,378	)	$	(1,520	)	$	(54,105	)	$	(22,625	)
Weighted average shares outstanding:
Basic and Diluted		29,995,000			29,995,000			29,995,000			29,995,000
Loss per share attributable to common parent’s shareholders:
Basic and Diluted	$	0.00		$	0.00		$	0.00		$	0.00

The

accompanying notes are an integral part of these financial statements

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ANTIAGING

QUANTUM LIVING INC (FKA. ACHISON INC)

STATEMENTS

OF CHANGES IN STOCKHOLDERS’ DEFICIT

(Unaudited)

	Shares		Amount		Capital		Deficit			Total
	Class A Common Stock				Additional<br> <br>Paid-in		Accumulated
	Shares		Amount		Capital		Deficit			Total
Balances, March 31, 2023		29,995,000	$	29,995	$	160,230	$	(276,332	)	$	(86,107	)
Shareholder loan cancellation		-		-		83,300		-			83,300
Net loss		-		-		-		(29,727	)		(29,727	)
Balances, June 30, 2023		29,995,000	$	29,995	$	243,530	$	(306,059	)	$	(32,534	)
Net loss		-		-		-		(24,378	)		(24,378	)
Balances, September 30, 2023		29,995,000	$	29,995	$	243,530	$	(330,437	)	$	(56,912	)
	Class A Common Stock				Additional<br> <br>Paid-in		Accumulated
---	---	---	---	---	---	---	---	---	---	---	---	---
	Shares		Amount		Capital		Deficit			Total
Balances, March 31, 2022		29,995,000	$	29,995	$	160,230	$	(239,702	)	$	(49,477	)
Net loss		-		-		-		(21,105	)		(21,105	)
Balances, June 30, 2022		29,995,000	$	29,995	$	160,230	$	(260,807	)	$	(70,582	)
Net loss		-		-		-		(1,520	)		(1,520	)
Balances, September 30, 2022		29,995,000	$	29,995	$	160,230	$	(262,327	)	$	(72,102	)

The

accompanying notes are an integral part of these financial statements

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ANTIAGING

QUANTUM LIVING INC (FKA. ACHISON INC)

UNAUDITED

CONDENSED STATEMENTS OF CASH FLOWS

	2023			2022
	Six Months ended<br> <br>September 30,
	2023			2022
Cash flows from operating activities:
Net loss	$	(54,105	)	$	(22,625	)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation		157			157
Changes in operating assets and liabilities:
Advance to suppliers		(27,554	)		-
Accounts payable and accrued liabilities		10,017			-
Advances from customers		13,630			-
Contract liabilities		(2,800	)		(2,400	)
Net cash used in operating activities		(60,655	)		(24,868	)
Cash flows from financing activities:
Proceeds from shareholder loan		115,335			11,900
Net cash provided by financing activities		115,335			11,900
Net increase (decrease) in cash and cash equivalents		54,680			(12,968	)
Cash and cash equivalents, beginning balance		354			14,269
Cash and cash equivalents, ending balance	$	55,034		$	1,301
SUPPLEMENTARY DISCLOSURE OF NON-CASH INVESTMENT AND FINANCING<br> ACTIVITIES:
Related party debt forgiven as additional paid-in capital	$	83,300		$	-

The

accompanying notes are an integral part of these financial statements

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ANTIAGING

QUANTUM LIVING INC (FKA. ACHISON INC)

NOTES

TO THE UNAUDITED FINANCIAL STATEMENTS

NOTE

1 – ORGANIZATION AND PRINCIPAL ACTIVITIES

Antiaging Quantum Living Inc. (FKA: Achison Inc.) (the “Company”, “us”, “we” or “our”) was incorporated under the laws of the State of New York on December 29, 2014.

On

July 1, 2019, Lansdale Inc, the principal stockholder of the Company (“Seller”) an entity controlled by the Company’s former President, Mr. Wanjun Xie, entered into a Stock Purchase Agreement (the “Agreement”) with Dazhong 368 Inc, (the “Buyer”), pursuant to which, a total of 9,000,000 shares of Class A common stock of the Company were transferred to the Buyer, representing approximately 90% of the Company’s issued and outstanding shares of Class A common stock, resulting in a change of the control of the Company. Mr. Dingshan Zhang was appointed as the President and CEO of the Company at the same date.

On

April 10, 2023, Mr. Barry Wan acquired control of 29,215,000 restricted shares of common stock (the “Purchased Shares”) of the Company, representing approximately 97% of the Company’s total issued and outstanding common stock (the “Common Stock”) from Dazhong 368 Inc and Sophia 33 Inc, two New York corporations controlled by the Company’s then President, Chief Executive Officer and sole director, Dingshan Zhang (the former President) pursuant to the terms of a Stock Purchase Agreement by and among the parties thereto (the “Stock Purchase Agreement”). Pursuant to the Stock Purchase Agreement (“SPA”), Mr. Wan paid an aggregate purchase price of four hundred thousand dollars ($400,000.00) to Mr. Zhang in exchange for the Purchased Shares. The foregoing transaction resulted in a change of control of the Company, with Mr. Wan acquiring 97% of the Company’s outstanding Common Stock held through New Lite Ventures LLC, a New York LLC. Both before and after the transactions, the Company had 29,995,000 shares of its common stock outstanding.

In connection with the transaction, on April 10, 2023, Mr. Dingshan Zhang resigned from all positions he held with the Company. On April 10, 2023, Ms. Jing Wan was appointed by our majority shareholder as our Chief Executive Officer, Chief Financial Officer, President and Director. On June 16, 2023, Mr. Barry Wan consented to act as the new CEO and CFO after Ms. Jing Wan resigned. The Company was renamed as Antiaging Quantum Living Inc on June 14, 2023 by the new management.

The change in control with respect to the Company is to better reflect its new business direction, with the intention of acquiring businesses involved in healthcare management and insurance services.

NOTE

2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

In the opinion of management, the unaudited interim condensed financial statements reflect all adjustments of a normal recurring nature that are necessary for a fair presentation of the results for the interim periods presented. However, the results of operations included in such financial statements may not necessary be indicative of annual results.

The Company uses the same accounting policies in preparing quarterly and annual financial statements. Certain information and footnote disclosures normally included in the annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) have been condensed or omitted. These unaudited condensed financial statements should be read in conjunction with the Company’s audited financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended March 31, 2023 filed with the Securities and Exchange Commission (“SEC”) on July 14, 2023 (“2023 Form 10-K.”)

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Use of Estimates

The accompanying financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) and the rules and regulations of the Securities and Exchange Commission (the “SEC”).

The preparation of the Company’s financial statements in conformity with GAAP requires management to make estimates, judgments and assumptions that affect the amounts reported in the financial statements and footnotes thereto. Actual results may differ from those estimates and assumptions.

Cash and Cash Equivalents

Cash and cash equivalents include cash in banks, bank deposits, and highly liquid investments with maturities of three months or less at the date of origination.

Advances to Suppliers

The Company occasionally makes advances to suppliers to secure future deliveries of goods or services. These advances are recorded as assets on the balance sheet and are recognized as inventory when the related goods are received or as expenses when the related services are received. These advances primarily relate to the purchase of inventory goods to be sold.

The Company periodically reviews the recoverability of advances to suppliers and establishes allowances for potential losses when necessary.

Customer Advances

The Company records customer advances as liabilities when consideration is received in advance of the transfer of goods. These advances are recognized as revenue when the performance obligations associated with the advance are satisfied. These advances relate to the advance payment for orders of goods placed by the customers.

Revenue Recognition

Revenue is recognized when control of the promised goods or services is transferred to our customers, in an amount that reflects the consideration we expect to be entitled to in exchange for those goods or services. The Company determines revenue recognition by applying the following steps: 1) identification of the contract, or contracts, with a customer; 2) identification of the performance obligations in the contract; 3) determination of the transaction price; 4) allocation of the transaction price to the performance obligations in the contract; and 5) recognition of revenue when, or as, we satisfy a performance obligation.

Onlineadvertising

The Company operates an online advertising platform that connects advertisers with publishers to display digital advertisements.

For the Company, revenue recognition occurs upon the following events: when a customer places an order, payment is received, and the advertisement is delivered and viewable to the end-user with no other terms and conditions.

Salesof goods

The Company operates a mobile application (“App”) through which it sells health and beauty products to customers.

For the Company, revenue recognition occurs upon the following events: when a customer places an order, payment is received, and the goods are delivered to the customer. Provisions are made for estimated sales returns based on historical return rates and experience which are immaterial.

The Company has not generated any revenues from sales of goods to date.

Selling, General and Administrative Expenses

Selling, general, and administrative expenses primarily consist of costs related to sales and marketing activities, administrative functions, and certain start-up costs.

Selling expenses include, but are not limited to, sales commissions, advertising costs, shipping and handling expenses, and costs associated with trade shows and promotional events. General and administrative expenses encompass salaries and benefits of employees not directly involved in production, rent, utilities, office supplies, legal and professional fees, other overhead costs, and certain start-up costs.

Start-up costs represent expenses associated with the establishment of new operations, including activities such as market research, product development, and initial marketing efforts.

The Company recognizes these expenses as incurred, consistently matching with the revenues generated.

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Income Taxes

The Company records income tax expense using the asset-and-liability method of accounting for deferred income taxes. Under this method, deferred taxes are recognized for the tax consequences in future years of differences between the tax bases of assets and liabilities and their financial reporting amounts at each year-end based on enacted tax laws and statutory tax rates applicable to the periods in which the differences are expected to affect taxable income. Deferred tax assets are reduced by a valuation allowance if, based on available evidence, it is more likely than not that the deferred tax assets will not be realized.

When tax returns are filed, it is likely some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would be ultimately sustained. The benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more-likely-than-not the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions. Tax positions that meet the more-likely-than-not recognition threshold are measured as the largest amount of tax benefit that is more than 50% likely of being realized upon settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount described above is reflected as a liability for unrecognized tax benefits in the accompanying balance sheets along with any associated interest and penalties that would be payable to the taxing authorities upon examination. Interest associated with unrecognized tax benefits is classified as interest expense and penalties are classified in general and administrative expenses in the statements of operations.

Earnings Per Share

The Company computes basic and diluted earnings per share amounts in accordance with ASC Topic 260, Earnings per Share. Basic earnings per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of common shares outstanding during the reporting period. Diluted earnings per share reflects the potential dilution that could occur if stock options and other commitments to issue common stock were exercised or equity awards vest resulting in the issuance of common stock that could share in the earnings of the Company.

As of September 30, 2023 and March 31, 2023, the Company does not have any potentially dilutive instrument.

Contingencies

Certain conditions may exist as of the date the financial statements are issued, which could result in a loss to the Company which will be resolved when one or more future events occur or fail to occur. The Company’s management assesses such contingent liabilities, and such assessment inherently involves judgment. In assessing loss contingencies arising from legal proceedings pending against the Company or unasserted claims that may rise from such proceedings, the Company’s management evaluates the perceived merits of any legal proceedings or unasserted claims as well as the perceived merits of the amount of relief sought or expected to be sought.

If the assessment of a contingency indicates it is probable a material loss will be incurred and the amount of the loss can be reasonably estimated, then the estimated loss is accrued in the Company’s financial statements. If the assessment indicates a material loss contingency is not probable but is reasonably possible, or is probable but cannot be estimated, then the nature of the contingent liability, together with an estimate of the range of possible loss if determinable and material would be disclosed.

Fair Value Measurements

Fair value accounting establishes a framework for measuring fair value and expands disclosure about fair value measurements. Fair value, which is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. This framework provides a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three levels as follows:

●	Level<br> 1 inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets.
●	Level<br> 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that<br> are observable for the assets or liabilities, either directly or indirectly, for substantially the full term of the financial instruments.
●	Level<br> 3 inputs to the valuation methodology are unobservable and significant to the fair value.

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The Company’s financial instruments consisted of cash, accounts payable, contract liabilities and loan from shareholders. The estimated fair value of those balances approximates the carrying amount due to the short maturity of these instruments.

Credit Losses on Financial Instruments

The Company recognizes credit losses on financial instruments in accordance with Accounting Standards Codification (ASC) Topic 326, Financial Instruments – Credit Losses. The Company uses the Current Expected Credit Losses (CECL) model to estimate credit losses on financial assets measured at amortized cost, as well as certain off-balance sheet credit exposures.

Under the CECL model, the estimation of credit losses involves significant judgment and estimation uncertainty. Management exercises its judgment based on historical loss experience, current economic conditions, and reasonable and supportable forecasts. Changes in these factors could have a material impact on the estimated credit losses.

As of September 30, 2023, the Company does not have any financial instruments subject to credit loss evaluation.

Recent Accounting Pronouncements

In June 2016, the FASB issued ASU No. 2016-13, (Topic 326), Financial Instruments – Credit Losses: Measurement of Credit Losses on Financial Instruments which amends the current accounting guidance and requires the use of the new forward-looking “expected loss” model, rather than the “incurred loss” model, which requires all expected losses to be determined based on historical experience, current conditions and reasonable and supportable forecasts. In November 2019, the FASB issued ASU No. 2019-10 to postpone the effective date of ASU No. 2016-13 for public business entities eligible to be smaller reporting companies (SRCs) as defined by the SEC. ASU No. 2016-13 is effective for SRCs for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. The Company adopted ASU 2016-13 on its financial position and results of operations as of April 1, 2023, with no material impact.

There were other updates recently issued. The management does not believe that other than the disclosed above, accounting pronouncements the recently issued but not yet adopted will have a material impact on its financial position results of operations or cash flows.

NOTE

3 – GOING CONCERN

The

Company’s financial statements have been prepared on a going concern basis, which contemplates the realization of assets and settlement of liabilities and commitments in the normal course of business. The Company had an accumulated deficit of $330,437 as of September 30, 2023 and negative working capital of $57,295. These factors, among others, raise substantial doubt about the Company’s ability to continue as a going concern.

Management’s plan to alleviate the substantial doubt about the Company’s ability to continue as a going concern include attempting to improve its business profitability, its ability to generate sufficient cash flow from its operations to meet its operating needs on a timely basis, obtain additional working capital funds from the majority shareholder and President of the Company to eliminate inefficiencies in order to meet its anticipated cash requirements. However, there can be no assurance that these plans and arrangements will be sufficient to fund the Company’s ongoing capital expenditures and other requirements.

The financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts and classification of liabilities that might be necessary in the event that the Company cannot continue as a going concern.

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NOTE

4 – RELATED PARTY TRANSACTIONS

Lease

The Company has been provided office space by its President at no cost. The management determined that such cost is immaterial and did not recognize the rent expense in its financial statements.

Loan from shareholders

In August 2019, the Company borrowed $71,000 from the former President of the Company, Mr. Dingshan Zhang , which bears no interest with a maturity in December 2021. During the year ended March 31, 2022, the Company repaid $17,000 to Mr. Zhang. In May 2021 the Company borrowed an additional $5,000 from Mr. Zhang. On December 29, 2021, the Company and Mr. Zhang verbally amended the loan agreement and extended the maturity date to December 31, 2023. During the year ended March 31, 2023, the Company received an additional loan in the total amount of $24,300 from, Mr. Zhang. Upon consummation of the change of control which resulted from that certain SPA entered into on April 10, 2023, the balance of the $83,300 shareholder loan was waived by Mr. Zhang in its entirety, which was recognized as an equity transaction with the shareholder.

During

the six months ended September 30, 2023, the Company received advances in the total amount of $115,335 from our President for working capital purpose. The loan is unsecured, non-interest-bearing and due on demand.

NOTE

5 – CONTRACT LIABILITIES

Contract liabilities represent payments received in advance of performance under the contract for the unsatisfied performance obligation and are realized when the associated revenue is recognized under the advertising contracts. As of September 30, 2023 and March 31, 2023, contract liabilities were $nil and $2,800, respectively.

NOTE

6 – INCOME TAX

The Company has not recognized an income tax benefit for its operating losses generated based on uncertainties concerning its ability to generate taxable income in future periods. The tax benefit for the period presented is offset by a valuation allowance established against deferred tax assets arising from the net operating losses, the realization of which could not be considered more likely than not. In future periods, tax benefits and related deferred tax assets will be recognized when management considers realization of such amounts to be more likely than not.

Net operation losses (“NOLs”) can be carried forever based on the 2017 Tax Cuts and Jobs Act. As of September 30, 2023 and March 31, 2023, deferred tax assets resulted from NOLs of approximately $80,362 and $69,000, which was fully off-set by valuation allowance reserved.

NOTE

7 – SHAREHOLDERS’ EQUITY

The

Company is authorized to issued 30,000,000 shares of Class A common stock.

On

August 19, 2019, the Company amended its article with New York State to increase the authorized Class A common shares with a par value of $0.001 to 30,000,000 shares.

On

October 11, 2021, the Company amended its article with New York State to change the authorized Class A common shares with a par value of $0.001 to 100,000,000 shares; and to increase the authorized preferred shares with par value $0.001 to 20,000,000 shares.

On

March 28, 2023, the Company amended its article with New York State to change the authorized common shares with a par value of $0.001 to 30,000,000 shares, no preferred shares.

During

the six months ended September 30, 2023, a shareholder loan in the amount of $83,300 was forgiven by our former President and recorded as additional paid-in capital.

NOTE

8 – SUBSEQUENT EVENTS

The Company evaluated all events or transactions that occurred after September 30, 2023 through the date the financial statements were issued. During the period, the Company did not have any material recognizable subsequent events required to be disclosed or adjusted as of and for the six months ended September 30, 2023.

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Item2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

ThisQuarterly Report on Form 10-Q contains forward-looking statements, particularly those identified with the words, “anticipates,”“believes,” “expects,” “plans,” “intends,” “objectives,” and similar expressions.These statements reflect management’s best judgment based on factors known at the time of such statements. The reader may finddiscussions containing such forward-looking statements in the material set forth under “Management’s Discussion and Analysisof Financial Condition and Results of Operations,” generally, and specifically therein under the captions “Liquidity andCapital Resources” as well as elsewhere in this Quarterly Report on Form 10-Q. Actual events or results may differ materially fromthose discussed herein. The forward-looking statements specified in the following information have been compiled by our management onthe basis of assumptions made by management and considered by management to be reasonable. Our future operating results, however, areimpossible to predict and no representation, guarantee, or warranty is to be inferred from those forward-looking statements. The assumptionsused for purposes of the forward-looking statements specified in the following information represent estimates of future events and aresubject to uncertainty as to possible changes in economic, legislative, industry, and other circumstances. As a result, the identificationand interpretation of data and other information and their use in developing and selecting assumptions from and among reasonable alternativesrequire the exercise of judgment. To the extent that the assumed events do not occur, the outcome may vary substantially from anticipatedor projected results, and, accordingly, no opinion is expressed on the achievability of those forward-looking statements. No assurancecan be given that any of the assumptions relating to the forward-looking statements specified in the following information are accurate,and we assume no obligation to update any such forward-looking statements.

Overview

Antiaging Quantum Living Inc. (FKA: Achison Inc.) (the “Company”, “us”, “we” or “our”) was incorporated under the laws of the State of New York on December 29, 2014.

On July 1, 2019, Lansdale Inc., the principal stockholder of the Company (“Seller”) and an entity controlled by the Company’s former President, Mr. Wanjun Xie, entered into a Stock Purchase Agreement (the “Agreement”) with Dazhong 368 Inc., (the “Buyer”), pursuant to which, a total of 9,000,000 shares of Class A common stock of the Company were transferred to the Buyer, representing approximately 90% of the Company’s issued and outstanding shares of Class A common stock, resulting in a change of the control of the Company. Mr. Dingshan Zhang was appointed as the President and CEO of the Company on the same date.

On April 10, 2023, Mr. Barry Wan acquired control of 29,215,000 restricted shares of Class A common stock (the “Purchased Shares”) of the Company, representing approximately 97% of the Company’s total issued and outstanding common stock from Dazhong 368 Inc and Sophia 33 Inc, two New York corporations controlled by the Company’s then President, Chief Executive Officer and sole director, Dingshan Zhang (the former President) pursuant to the terms of a Stock Purchase Agreement by and among the parties thereto (the “Stock Purchase Agreement”). Pursuant to the Stock Purchase Agreement, Mr. Wan paid an aggregate purchase price of four hundred thousand dollars ($400,000.00) to Mr. Zhang in exchange for the purchased shares. The foregoing transaction resulted in a change of control of the Company, with Mr. Wan acquiring 97% of the Company’s outstanding Class A common stock held through New Lite Ventures LLC, a New York LLC. Both before and after the transactions, the Company had 29,995,000 shares of its Class A common stock outstanding.

In connection with the transaction, on April 10, 2023, Mr. Dingshan Zhang resigned from all positions he held with the Company. On April 10, 2023, Ms. Jing Wan was appointed by our majority shareholder as our Chief Executive Officer, Chief Financial Officer, President and Director. On June 16, 2023, Mr. Barry Wan consented to act as the new Chief Executive Officer and Chief Financial Officer after Ms. Jing Wan resigned. The Company changed its name to Antiaging Quantum Living Inc. on June 14, 2023..

The change in control with respect to the Company was effectuated to better reflect its new business direction, with the intention of acquiring businesses involved in healthcare management and insurance services.

Resultsof Operation for the three months ended September 30, 2023 and 2022


Revenue	-		6,000		)	(100.0	)%
General and administrative expenses	24,378		7,520			224.2	%
Loss from operations	(24,378	)	(1,520	)	)	1503.8	%
Net loss	(24,378	)	(1,520	)	)	1503.8	%

All values are in US Dollars.

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During the three months ended September 30, 2023 and 2022, the Company generated revenue in the amount of $nil and $6,000, respectively. During the three months ended September 30, 2023 and 2022, the Company incurred operating expenses of $24,378 and $7,520, respectively. The increase was mainly due to the increase in charitable donation expense of $10,000 and higher professional fees. To align with the business direction, the Company increased its professional fees and other services as required. The Company also incurred start-up costs such as cloud hosting expenses, development and maintenance costs in pursuit of its business plan. Moreover, as an act of goodwill and a display of philanthropy, the Company made a charitable donation of $10,000.

For the three months ended September 30, 2023, our net loss was $24,378 comparing to a net loss of $1,520 for the three months ended September 30, 2022. The increase in net loss is mainly due to the increased operating expenses.

Resultsof Operation for the six months ended September 30, 2023 and 2022


Revenue	1,200		8,400		)	(85.7	)%
General and administrative expenses	55,305		31,025			78.3	%
Loss from operations	(54,105	)	(22,625	)	)	139.1	%
Net loss	(54,105	)	(22,625	)	)	139.1	%

All values are in US Dollars.

During the six months ended September 30, 2023 and 2022, the Company generated revenue in the amount of $1,200 and $8,400, respectively. During the six months ended September 30, 2023 and 2022, the Company incurred operating expenses of $55,305 and $31,025, respectively. The increase in operating expenses was mainly due to the increase in charitable donation expense of $10,000 and professional fees. To align with the business direction, the Company increased professional fees and other services as required. Moreover, as an act of goodwill and a display of philanthropy, the Company made a charitable donation of $10,000.

For the six months ended September 30, 2023, our net loss was $54,105 comparing to a net loss of $22,625 for the six months ended September 30, 2022. The increase in net loss is mainly due to the increased operating expenses.

Equityand Capital Resources

As of September 30, 2023, we had an accumulated deficit of $330,437. As of September 30, 2023, we had cash of $55,034 and negative working capital of $57,295, compared to cash of $354 and a negative working capital of $86,647 as of March 31, 2023. The increase in the working capital was primarily due to advances from related party, increase of accounts payables and customer advances, and the loan forgiveness by the former President which was partially offset by cash used to pay for operating expenses. The accounts payable increase as a result of unpaid service fees incurred, while customer advances increased as a result of payments received from customers who placed order of goods through its mobile application. We had Cash and cash equivalent of approximately $55,034 at September 30, 2023, and the company also do not have any bank loans; Our liabilities are mainly borrowed by the Company’s shareholders and do not require us to return them at this time. Shareholders will continue to invest if necessary. Now, the company is operating normally, and we will make some efforts on our expense control in the near future.

GoingConcern Assessment

The Company demonstrates adverse conditions that raise substantial doubt about the Company’s ability to continue as a going concern. These adverse conditions are negative financial trends, specifically cash outflow from operating activities, operating losses, accumulated deficit and other adverse key financial ratios.

Management’s plan to alleviate the substantial doubt about the Company’s ability to continue as a going concern include attempts to consummate a business combination and to generate sufficient cash flow from its operations to meet its operating needs on a timely basis; as well as to obtain additional working capital funds as loans from the majority shareholder and the President of the Company.

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The unaudited condensed financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts and classification of liabilities that might be necessary in the event that the Company cannot continue as a going concern.

Off-BalanceSheet Arrangements

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 that is material to stockholders.

CriticalAccounting Policies

The financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States. The preparation of these financial statements requires making estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosure of contingent assets and liabilities. The estimates are based on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis of making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions.

The critical accounting policies are discussed in further detail in the notes to the unaudited financial statements appearing elsewhere in this 10-Q report. Management believes that the application of these policies on a consistent basis enables us to provide useful and reliable financial information about our operating results and financial condition

Item3. Quantitative and Qualitative Disclosures About Market Risk

As a “smaller reporting company” we are not required to provide this information under this item pursuant to Regulation S-K.

Item4. Controls and Procedures.

Evaluationof Disclosure Controls and Procedures

Disclosure controls and procedures are designed with an objective of ensuring that information required to be disclosed in our periodic reports filed with the Securities and Exchange Commission, such as this Quarterly Report on Form 10-Q, is recorded, processed, summarized and reported within the time periods specified by the Securities and Exchange Commission. Disclosure controls are also designed with an objective of ensuring that such information is accumulated and communicated to our management, including our chief executive officer, in order to allow timely consideration regarding required disclosures.

The evaluation of our disclosure controls by our principal executive officer included a review of the controls’ objectives and design, the operation of the controls, and the effect of the controls on the information presented in this Annual Report. Based on our management’s evaluation , our Chief Executive Officer, have concluded that as of such date, our disclosure controls were not, in design and operation, effective at a reasonable assurance level due to the material weaknesses in internal control over financial reporting . A control system, no matter how well designed and operated, can provide only reasonable, not absolute, assurance that the objectives of the control system are met. Also, projections of any evaluation of the disclosure controls and procedures to future periods are subject to the risk that the disclosure controls and procedures may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

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As of the end of the period covered by this report, we carried out an evaluation, under the supervision and with the participation of our management, including our Chief Executive Officer and Chief Financial Officer, of the effectiveness of our disclosure controls and procedures, as defined in Rules 13a-15(e) and 15d-15(e) of the Securities Exchange Act of 1934 as of the end of the period covered by this report. Based on that evaluation, our Chief Executive Officer and Chief Financial Officer have concluded that there were material weakness in our internal controls over Financial reporting as of September 30, 2023 and they were therefore not as effective as they could be to ensure that information required to be disclosed by us in reports that we file or submit under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission’s rules and forms. The material weakness in our controls and procedure were lack of US GAAP knowledge and segregation duties. Management does not believe that any of these material weaknesses materially affected the results and accuracy of its financial statements. However, in view of this discovery of such weaknesses, management has begun a review to improve them.

Changesin Internal Control over Financial Reporting

There were no changes in our internal control over financial reporting identified in connection with the evaluation required by paragraph (d) of Rule 13a-15 or Rule 15d-15 under the Exchange Act that occurred during the quarter ended September 30, 2023 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

PART

II – OTHER INFORMATION

Item1. Legal Proceedings.

None

Item1A. Risk Factors.

As a “smaller reporting company”, we are not required to provide this information under this item pursuant to Regulation S-K.

Item2. Unregistered Sales of Equity Securities and Use of Proceeds

None

Item3. Defaults Upon Senior Securities

None

Item4. Mine Safety Disclosures

Not applicable.

Item5. Other Information

None

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Item6. Exhibits

Exhibit<br><br> <br>Number	Description of Exhibit
3.1*	Articles of Incorporation (filed as exhibit to the Form S-1 filed with the SEC on May 2, 2016)
3.2*	By-laws (filed as an Exhibit to Form S-1 filed with the SEC on May 2, 2016)
31.1**	Certification<br> of Principal Executive Officer pursuant to the Securities Exchange Act Rules 13a-14(a) and 15d-14(a), as adopted pursuant to Section<br> 302 of the Sarbanes-Oxley Act of 2002.
31.2**	Certification<br> of Principal Financial Officer pursuant to the Securities Exchange Act Rules 13a-14(a) and 15d-14(a) as adopted pursuant to Section<br> 302 of the Sarbanes-Oxley Act.
32.1**	Certification<br> of Principal Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906<br> of the Sarbanes-Oxley Act of 2002.
32.2	Certification<br> of Principal Financial Officer and Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906<br> of the Sarbanes-Oxley Act of 2002.
101.INS	Inline<br> XBRL Instance Document
101.SCH	Inline<br> XBRL Taxonomy Extension Schema Document
101.CAL	Inline<br> XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF	Inline<br> XBRL Taxonomy Extension Definition Linkbase Document
101.LAB	Inline<br> XBRL Taxonomy Extension Label Linkbase Document
101.PRE	Inline<br> XBRL Taxonomy Extension Presentation Linkbase Document
104	Cover<br> Page Interactive Data File (embedded within the Inline XBRL document)
---	---

* Incorporated by reference to the Company’s Registration Statement on Form S-1 as filed with the SEC on May 2, 2016.

** Filed herewith.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	ANTIAGING QUANTUM LIVING INC
Date:<br> November 14, 2023	/s/ Barry Wan
	Barry<br> Wan, Chief Executive Officer
Date:<br><br> November 14, 2023	/s/ Barry Wan
	Barry<br> Wan, Chief Financial Officer

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EXHIBIT31.1

ERTIFICATIONOF PRINCIPAL EXECUTIVE OFFICER

OFREGISTRANT PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

(RULE13a-14(a) or 15d-14(a) OF THE EXCHANGE ACT)

I, Barry Wan, certify that:

1.	I<br> have reviewed this report on Form 10-Q of Antiaging Quantum Living Inc (fka. Achison Inc);
2.	Based<br> on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary<br> to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to<br> the period covered by this report;
3.	Based<br> on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material<br> respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in<br> this report;
4.	The<br> registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures<br> (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the registrant and have:
a.	designed<br> such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision,<br> to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others<br> within those entities, particularly during the period in which this report is being prepared;
---	---
b.	designed<br> such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our<br> supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements<br> for external purposes in accordance with generally accepted accounting principles;
c.	evaluated<br> the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about<br> the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation;<br> and
d.	disclosed<br> in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s<br> most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected,<br> or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.
5.	The<br> registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial<br> reporting, to the registrant’s auditors and the audit committee of registrant’s board of directors (or persons performing<br> the equivalent functions):
---	---
a.	all<br> significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are<br> reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information;<br> and
---	---
b.	any<br> fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s<br> internal control over financial reporting.
/s/ Barry Wan
---
Barry<br> Wan
Chief<br> Executive Officer<br><br> <br>(Principal<br> Executive Officer)
November 14, 2023

EXHIBIT31.2

CERTIFICATIONOF PRINCIPAL FINANCIAL OFFICER

OFREGISTRANT PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

(RULE13a-14(a) or 15d-14(a) OF THE EXCHANGE ACT)

I, Barry Wan, certify that:

1.	I<br> have reviewed this report on Form 10-Q of Antiaging Quantum Living Inc (fka. Achison Inc);
2.	Based<br> on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary<br> to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to<br> the period covered by this report;
3.	Based<br> on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material<br> respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in<br> this report;
4.	The<br> registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures<br> (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal controls over financial reporting (as defined in Exchange<br> Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
a.	designed<br> such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision,<br> to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others<br> within those entities, particularly during the period in which this report is being prepared;
---	---
b.	designed<br> such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our<br> supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements<br> for external purposes in accordance with generally accepted accounting principles;
c.	evaluated<br> the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about<br> the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation;<br> and
d.	disclosed<br> in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s<br> most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected,<br> or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.
5.	I<br> have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors<br> and the audit committee of registrant’s board of directors (or persons performing the equivalent functions):
---	---
a.	all<br> significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are<br> reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information;<br> and
---	---
b.	any<br> fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s<br> internal control over financial reporting.
/s/ Barry Wan
---
Barry<br> Wan
Chief<br> Financial Officer<br><br> <br>(Chief<br> Financial Officer)
November 14, 2023

EXHIBIT32.1

CERTIFICATIONOF PRINCIPAL EXECUTIVE OFFICER

PURSUANTTO 18 U.S.C. SECTION 1350,

ASADOPTED PURSUANT TO SECTION 906 OF

THESARBANES-OXLEY ACT OF 2002

In connection with the report of Antiaging Quantum Living Inc (fka. Achison Inc) (the “Company”) on Form 10-Q for the period ending September 30, 2023 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), each of the undersigned, in the capacities and on the dates indicated below, hereby certifies, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to his knowledge:

(1)	The<br> Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
(2)	The<br> information contained in the Report fairly presents, in all material respects, the financial condition and results of operations<br> of the Company.
/s/ Barry Wan
---
Barry<br> Wan
Chief<br> Executive Officer<br><br> <br>(Principal<br> Executive Officer)

EXHIBIT32.2

CERTIFICATIONOF PRINCIPAL FINANCIAL OFFICER

PURSUANTTO 18 U.S.C. SECTION 1350,

ASADOPTED PURSUANT TO SECTION 906 OF

THESARBANES-OXLEY ACT OF 2002

(1)	The<br> Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
(2)	The<br> information contained in the Report fairly presents, in all material respects, the financial condition and results of operations<br> of the Company.
/s/ Barry Wan
---
Barry<br> Wan
Chief<br> Executive Officer<br><br> <br>(Chief<br> Financial Officer)