Wed, Jun 12, 10:46 AM (87 days ago)
Alixo-Yolloo Corporation, a Nevada-based company established in 2019, specializes in music-recognition services through its mobile application 'Alixo.' For the fiscal year ending February 29, 2024, the company generated $21,518 in revenue, primarily from API packages, compared to $0 in the previous year. Operating expenses increased to $27,422 from $1,342, leading to a net loss of $6,771, up from $1,342. The company's cash reserves stood at $9,073, with liabilities totaling $79,998. Shareholders' equity increased to $28,058 from $929. Despite the revenue growth, the company faces substantial doubt about its ability to continue as a going concern due to limited capital reserves and accumulated deficits. The company plans to enhance its product offerings, explore new markets, and improve user experience to drive future growth.