Wed, Jul 2, 9:20 PM (11 days ago)
**Summary of Antiaging Quantum Living Inc. (AAQL) 10-K Annual Report for the Fiscal Year Ended March 31, 2025** **Financial Performance:** - **Revenue:** $817,898 (2025) vs. $7,499 (2024), driven by online platform technical operation support and maintenance services. - **Net Income:** Net loss of $720,409 (2025) vs. $412,971 (2024), primarily due to increased operating expenses. - **Operating Expenses:** $1,218,476 (2025) vs. $419,745 (2024), including rental expenses, employee wages, and start-up costs. - **Earnings Per Share:** Basic and diluted loss per share of $0.0240 (2025) vs. $0.0138 (2024). **Strategic Overview:** - **Business Focus:** Transitioned from holding securities and trading to operating an online advertising business and expanding into healthcare management and insurance services. - **Subsidiaries:** Established multiple subsidiaries in the Asia-Pacific and Chinese markets, focusing on e-commerce, health consulting, and big data services. **Future Outlook:** - **Expansion Plans:** Continued growth in the Asia-Pacific market through subsidiaries. - **Capital Requirements:** Management plans to improve business profitability, generate sufficient cash flow, and obtain additional working capital funds from the majority shareholder. **Risk Factors:** - **Going Concern:** Substantial doubt about the company's ability to continue as a going concern due to negative financial trends, including cash outflow from operating activities, operating losses, and accumulated deficit. - **Market Position:** Highly competitive online advertising industry with intense marketing and technological change. **Financial Condition:** - **Cash and Cash Equivalents:** $370,549 (2025) vs. $166,552 (2024). - **Working Capital:** $132,689 (2025) vs. a deficit of $647,227 (2024). - **Liabilities:** Primarily funded by shareholder loans and unrelated parties' loans, which do not require immediate repayment. **Market Position Changes:** - **Stock Performance:** Traded on the OTC Markets under the symbol "AAQL" since September 26, 2023. - **Shareholders:** Approximately 36 holders of Class A Common Stock as of March 31, 2025. **Corporate Governance:** - **Management Changes:** Barry Wan appointed as CEO, CFO, and Director on June 16, 2023. - **Shareholder Structure:** Barry Wan controls 97.4% of the Company’s outstanding Common Stock through New Lite Ventures LLC. **Disclosures:** - **Audit Opinion:** The financial statements present fairly the financial position and results of operations in conformity with GAAP. - **Going Concern Note:** The company's financial statements do not include any adjustments relating to the recoverability and classification of recorded assets or liabilities. **Conclusion:** Antiaging Quantum Living Inc. is focusing on expanding its operations in the Asia-Pacific market while addressing significant financial challenges. The company's strategic initiatives and management's plans aim to improve profitability and secure additional funding to support ongoing operations. However, substantial doubt remains regarding the company's ability to continue as a going concern.