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Glidelogic (GDLG0.00%) Corp. has submitted its Form 10-Q filing for the quarterly period ended October 31, 2024.
The filing includes financial statements for the quarter, reporting revenues of $21,551 for the three months and $22,938 for the nine months ended October 31, 2024. The company reported a net loss of $7,425 for the nine-month period.
The company's total assets as of October 31, 2024, were $4,873, with current liabilities of $22,132, resulting in a stockholders' equity of ($17,259).
Cash flows used in operating activities for the nine months ended October 31, 2024, were $15,476, while cash flows provided by financing activities were $17,132.
Glidelogic Corp. has been focusing on AI solutions, FinTech innovations, and blockchain developments as part of its business operations. The company has partnered with TikTok to provide AI solutions for cross-border e-commerce clients.
The company has identified substantial doubt regarding its ability to continue as a going concern due to the lack of a stabilized revenue source and dependence on additional investment capital.
As of October 31, 2024, Glidelogic had 66,593,750 shares of common stock issued and outstanding following a 25 to 1 forward stock split.
The filing also notes related party transactions involving loans from directors and the parent company, with balances as of October 31, 2024, including a $17,132 loan from Mr. Yitian Xue and a $5,000 loan from Star Success Business, LLC.
Glidelogic Corp. reported no significant changes in internal controls over financial reporting during the quarterly period.
The company has no pending legal proceedings and has not identified any significant risk factors in the filing.
This content was summarized by generative artificial intelligence using public filings retrieved from SEC.gov. The original data was derived from the Glidelogic quarterly 10-Q report dated December 12, 2024. To report an error, please email earnings@qz.com.