Alpha Digital Voltz Inc 10-Q for FY2024 Q3

Alpha Digital Voltz Inc. (LDXC)

10-Q 2024-04-03 For: 2024-02-29

Added on April 06, 2026

About this 10-Q

Alpha Digital Voltz Inc filed this 10-Q on April 3, 2024, covering the quarter ended February 29, 2024 (FY2024 Q3).

Headline figures

Quarter ended February 29, 2024, as reported in this filing, compared with the same period a year earlier where the filing states it.

Revenue: $0; compared with $0 a year earlier
Net loss: $3684; compared with net income of $0 a year earlier
Diluted EPS: $0.00; compared with $0.00 a year earlier

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Wyoming	7371	35-2807931
State or Other Jurisdiction of	Primary Standard Industrial	IRS Employer
Incorporation or Organization	Classification Code Number	Identification Number

		Page
PART I	FINANCIAL INFORMATION:

Item 1.	Financial Statements (Unaudited)	3

	Balance Sheets – February 29, 2024 (Unaudited) and May 31, 2023	4

	Statements of Operations – Three and nine months ended February 29, 2024 and February 28, 2023 (Unaudited)	5

	Statements of Stockholder’s Equity (Deficit) – Three and nine months ended February 29, 2024 and February 28, 2023 (Unaudited)	6

	Statements of Cash Flows – Nine months ended February 29, 2024 and February 28, 2023 (Unaudited)	7

	Notes to the Unaudited Financial Statements	8

Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	12

Item 3.	Quantitative and Qualitative Disclosures About Market Risk	17

Item 4.	Controls and Procedures	18

PART II	OTHER INFORMATION:

Item 1.	Legal Proceedings	19

Item 1A	Risk Factors	19

Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	19

Item 3.	Defaults Upon Senior Securities	19

Item 4.	Submission of Matters to a Vote of Securities Holders	19

Item 5.	Other Information	19

Item 6.	Exhibits	19

	Signatures	20


	February 29, 2024 (Unaudited)		From May 19, 2023 (Inception) to May 31, 2023
ASSETS

Cash	$	26,158	$	4,000
Software in Development		37,000		–
Total Current Assets		63,158		4,000

Fixed Assets, Net		421		561
Website, Net		2,879		–

Total Assets	$	66,458	$	4,561

LIABILITIES & STOCKHOLDERS’ EQUITY

Notes Payable	$	14,512	$	–
Related Party Loan		4,260		760
Total Current Liabilities		18,772		760


Common stock, $0.001 par value, 75,000,000 shares authorized; 5,125,403 and 4,000,000 shares issued and outstanding, respectively		5,125		4,000
Additional paid-in capital		32,637		–
Accumulated income (deficit)		9,924		(199	)
Total Stockholders’ Equity		47,686		3,801

Total Liabilities and Stockholders’ Equity	$	66,458	$	4,561

	Three months ended February 29, 2024 (Unaudited)			Three months ended February 28, 2023 (Unaudited)		Nine months ended February 29, 2024 (Unaudited)		Nine months ended February 28, 2023 (Unaudited)

REVENUES	$	–		$	–	$	25,297	$	–

OPERATING EXPENSES
Depreciation Expense		338			–		761		–
General and Administrative Expenses		231			–		252		–
Professional Fees		3,115			–		14,161		–
TOTAL OPERATING EXPENSES		3,684			–		15,174		–

NET INCOME (LOSS) FROM OPERATIONS		(3,684	)		–		10,123		–

PROVISION FOR INCOME TAXES		–			–		–		–

NET INCOME (LOSS)	$	(3,684	)	$	–	$	10,123	$	–

NET INCOME (LOSS) PER SHARE: BASIC AND DILUTED	$	0.00		$	–	$	0.00	$	–

WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED		4,391,110			–		4,130,370		–


	Common Stock				Additional Paid-		Accumulated			Total Stockholders’ Equity
	Shares		Amount		in Capital		Deficit			(Deficit)

Balance, May 31, 2023		4,000,000	$	4,000	$	–	$	(199	)	$	3,801

Net income (loss) for the three months ended August 31, 2023		–		–		–		2,702			2,702

Balance, August 31, 2023		4,000,000	$	4,000	$	–	$	2,503		$	6,503

Net income (loss) for the three months ended November 30, 2023		–		–		–		11,105			11,105

Balance, November 30, 2023		4,000,000	$	4,000	$	–	$	13,608		$	17,608

Common stock issued for cash		1,125,403		1,125		32,637		–			33,762
Net income (loss) for the three months ended February 29, 2024		–		–		–		(3,684	)		(3,684	)

Balance, February 29, 2024		5,125,403	$	5,125	$	32,637	$	9,924		$	47,686



Balance, May 31, 2022		–	$	–	$	–	$	–		$	–

Net income (loss) for the three months ended August 31, 2022		–		–		–		–			–

Balance, August 31, 2022		–	$	–	$	–	$	–		$	–

Net income (loss) for the three months ended November 30, 2022		–		–		–		–			–

Balance, November 30, 2022		–	$	–	$	–	$	–		$	–

Net income (loss) for the three months ended February 28, 2023		–		–		–		–			–

Balance, February 28, 2023		–	$	–	$	–	$	–		$	–

	Nine months ended February 29, 2024 (Unaudited)			Nine months ended February 28, 2023 (Unaudited)

CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)	$	10,123		$	–
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation Expense		761			–
Project-In-Progress		(37,000	)		–
CASH FLOWS USED IN OPERATING ACTIVITIES		(26,116	)		–

CASH FLOWS FROM INVESTING ACTIVITIES
Website		(3,500	)		–
CASH FLOWS PROVIDED BY INVESTING ACTIVITIES		(3,500	)		–

CASH FLOWS FROM FINANCING ACTIVITIES
Notes Payable		14,512			–
Proceeds from the Issuance of Common Stock		33,762			–
Related Party Loan		3,500			–
CASH FLOWS PROVIDED BY FINANCING ACTIVITIES		51,774			–

Net increase in cash and equivalents		22,158			–
Cash and equivalents at beginning of the period		4,000			–
Cash and equivalents at end of the period	$	26,158		$	–

Supplemental cash flow information:
Cash paid for:
Interest	$	–		$	–
Taxes	$	–		$	–

	1.	Subscription-Based Revenue Model: This revenue stream involves charging clients a monthly or annual fee for access to our CRM system. We can offer various rate plans, enabling clients to choose a subscription that best suits their needs and budget.
	2.	Customization Services: We can charge clients on a project basis for customization services. This revenue stream involves working closely with clients to develop customized solutions that meet their specific needs and objectives.
	3.	Data Migration Services: We can partner with data management companies to offer data migration services to clients who need to transfer their data from their existing system to our CRM system. This revenue stream involves charging clients a fee for data migration services.
	4.	Training and Consulting Services: We can offer training and consulting services to help clients get the most out of our CRM system. This revenue stream involves charging clients a fee for training and consulting services.
	5.	Integration Services: We can offer integration services to enable clients to integrate our CRM system with other software solutions. This revenue stream involves charging clients a fee for integration services.
	6.	Maintenance and Support Services: We can offer maintenance and support services to ensure that our clients' CRM system is functioning properly and to provide technical support as needed. This revenue stream involves charging clients a fee for maintenance and support services.
	7.	Upgrades and Add-Ons: We can offer upgrades and add-ons to our CRM system to provide additional functionality or to keep up with changing technologies. This revenue stream involves charging clients a fee for upgrades and add-ons.

	1.	Our sole officer and director have professional management and marketing experience and a vast network.
	2.	Our customized approach aligns with the values, mission, and market needs of our clients.
	3.	We continuously analyze contemporary social media trends without interruption.
	4.	We utilize AI, data science, and data analysis to increase efficiency and productivity.

	·	have an auditor report on our internal controls over financial reporting pursuant to Section 404(b) of the Sarbanes-Oxley Act;

	·	provide an auditor attestation with respect to management’s report on the effectiveness of our internal controls over financial reporting;

	·	comply with any requirement that may be adopted by the Public Company Accounting Oversight Board regarding mandatory audit firm rotation or a supplement to the auditor’s report providing additional information about the audit and the financial statements (i.e., an auditor discussion and analysis);

	·	submit certain executive compensation matters to shareholder advisory votes, such as “say-on-pay” and “say-on-frequency”;

	·	disclose certain executive compensation related items such as the correlation between executive compensation and performance and comparisons of the CEO’s compensation to median employee compensation.

31.1		Certification of Chief Executive Officer pursuant to Securities Exchange Act of 1934 Rule 13a-14(a) or 15d-14(a).
31.2		Certification of Chief Financial Officer pursuant to Securities Exchange Act of 1934 Rule 13a-14(a) or 15d-14(a).
32.1		Certification pursuant to Securities Exchange Act of 1934 Rule 13a-14(b) or 15d-14(b) and 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes- Oxley Act of 2002.
32.2		Certification pursuant to Securities Exchange Act of 1934 Rule 13a-14(b) or 15d-14(b) and 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes- Oxley Act of 2002.

101.INS		Inline XBRL Instance Document
101.SCH		Inline XBRL Taxonomy Extension Schema Document
101.CAL		Inline XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF		Inline XBRL Taxonomy Extension Definition Linkbase Document
101.LAB		Inline XBRL Taxonomy Extension Label Linkbase Document
101.PRE		Inline XBRL Taxonomy Extension Presentation Linkbase Document
104		Cover Page Interactive Data File (formatted in XBRL, and included in exhibit 101)


LONDAX CORP.

By:	/s/	Olegs Pavlovs
	Name:	Olegs Pavlovs
	Title:	President, Treasurer and Secretary (Principal Executive, Financial and Accounting Officer)

1.	I have reviewed this Quarterly Report on Form 10-Q for the fiscal quarter ended February 29, 2024 of Londax Corp.

2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.	I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f) for the registrant and have:

	a.	designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

	b.	designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

	c.	evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

	d.	disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and;

5.	I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions);

	a.	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

	b.	Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal controls.

Dated: April 3, 2024		/s/ Olegs Pavlovs
		Olegs Pavlovs
		Chief Executive Officer (Principal Executive Officer)