10-K - Arculus System Co., Ltd. (0001828739) (Filer)

Tue, May 20, 6:07 PM (29 days ago)

**Arculus System Co., Ltd. (Ticker: Not Provided)** **Financial Performance (Fiscal Year Ended September 30, 2024):** - **Revenue:** $0 (compared to $7,982 in 2023) - **Net Income:** -$106,109 (compared to -$23,302 in 2023) - **Operating Expenses:** $104,276 (compared to $24,759 in 2023) - **Earnings Per Share:** Not applicable due to net loss **Strategic Overview:** Arculus System Co., Ltd. specializes in Electronic Design Automation (EDA) tools and integrated circuit (IC) design services. Key offerings include the Architecture Compiler and iPROfiler, aimed at enhancing SoC design and performance analysis. The company focuses on long-term client partnerships and addressing complex IC design challenges. **Future Outlook:** The company anticipates increased working capital requirements and plans to fund operations through existing funds, further issuances of securities, and potential debt instruments. Management expects to raise additional capital to meet long-term operating needs. **Risk Factors:** - **Financial Condition:** The company has a substantial deficit and relies on shareholder loans for liquidity. - **Market Position:** No active trading market has been established for the company's shares. - **Operational Risks:** The company has not yet attained profitability and faces significant doubt about its ability to continue as a going concern. **Financial Condition:** - **Total Assets:** $3,145 (compared to $2,499 in 2023) - **Current Liabilities:** $94,405 (compared to $45,859 in 2023) - **Stockholders' Deficit:** $91,260 (compared to $43,360 in 2023) **Market Position Changes:** - **Shareholders:** As of September 30, 2024, 4,058,167 shares of common stock were issued and outstanding, held by 11 shareholders of record. - **Dividends:** The company has never paid or declared dividends and does not anticipate paying cash dividends in the foreseeable future. **Management and Governance:** - **Executive Changes:** Jian-Meng Yang was appointed as the Chairman of the Board of Directors and Chief Executive Officer. Summer Li was appointed as Secretary. - **Compensation:** No compensation was reported for the executive officers for the fiscal years ended September 30, 2024, and 2023. **Conclusion:** Arculus System Co., Ltd. faces significant financial challenges but is strategically positioned in the EDA and IC design services market. The company's future outlook depends on its ability to secure additional capital and achieve profitability.