Thu, May 16, 10:15 AM (252 days ago)
Antiaging Quantum Living Inc. (formerly Achison Inc.) filed an amended annual report (Form 10-K/A) for the fiscal year ended March 31, 2024, primarily to include an omitted Report of Independent Registered Public Accounting Firm. The company's revenue dropped by 44.86% to $7,499, while operating expenses surged by 735.65% to $419,745, leading to a net loss of $412,971, a significant increase from the previous year's $36,630 loss. The rise in expenses was attributed to increased charitable donations, rental expenses, employee wages, and professional fees. The company faces substantial doubt about its ability to continue as a going concern due to its accumulated deficit of $689,303 and negative working capital of $647,227. Management plans to improve profitability and secure additional funding. The company expanded its operations into the Asia-Pacific and Chinese markets, establishing several subsidiaries. The amendment does not affect other parts of the original filing.