Londax Corp. (LDXC)

Londax Corp. operates as a development-stage technology company focused on IT consulting services and software development solutions. The Company’s historical principal product, londax.ai, includes customer relationship management, applicant tracking, recruiting workflow and out-staffing functionality. The Company has also developed websites, mobile applications, a CRM platform and an Interview Kit Generator program. The Company’s historical software business operates in highly competitive markets that include established CRM, recruiting, applicant-tracking and workforce-management providers, as well as smaller software developers. The Company’s prospective AI and digital infrastructure strategy, if implemented, would compete with developers, infrastructure funds, utilities, hyperscale data-center operators, technology companies and other providers of large-scale digital infrastructure. Many competitors have substantially greater financial, technical, operational and customer resources than the Company.

The Company’s historical software business operates in highly competitive markets that include established CRM, recruiting, applicant-tracking and workforce-management providers, as well as smaller software developers. The Company’s prospective AI and digital infrastructure strategy, if implemented, would compete with developers, infrastructure funds, utilities, hyperscale data-center operators, technology companies and other providers of large-scale digital infrastructure. Many competitors have substantially greater financial, technical, operational and customer resources than the Company.

The Company’s historical business plan contemplated revenue from software subscriptions, customization, data migration, training and consulting, integration, maintenance and support, and software upgrades and add-ons. In fiscal 2026, revenue was recognized from annual subscription services ratably over the subscription term, whereas the prior-year revenue was derived from a one-time service recognized when provided. The Company derives revenue primarily from subscription fees for access to its cloud-based CRM platform and from customization services provided to certain customers on a project basis. Subscription revenue is recognized ratably over the contractual service period because customers simultaneously receive and consume the benefits of the Company’s services as the services are performed. Amounts billed in advance are recorded as deferred income and recognized as revenue over the period of service. Customization services are recognized when the related performance obligations are satisfied, which may be over time or upon completion depending on the nature of the services and whether the services are distinct from the subscription arrangement. When contracts include multiple performance obligations, the transaction price is allocated based on relative standalone selling prices.

The Company’s technology has historically been delivered through web and mobile applications. Its CRM and recruiting workflow tools were designed to assist customers with job postings, applicant management, hiring stages, employee profiles and related workforce functions. The Company has used third-party cloud and software providers in connection with hosting and application functionality. Prior Company disclosures identified use of the OpenAI API for certain advertisement-generation functionality. As of February 28, 2026, the Company’s capitalized intangible assets included website development, mobile application development, CRM platform development and its Interview Kit Generator program. The Company historically estimated a three-year useful life for these technology assets, subject to continued testing and improvement.

The Company has developed its Customer Relationship Management (CRM) platform. The total cost of the CRM platform is $37,000 ¹. On August 31, 2024, the Company capitalized $28,828 ² of platform development costs. As of May 31, 2025, the total amount of the CRM platform development costs was $28,828 ³. Amortization expense of the CRM platform development costs was $7,207 ⁴ as of May 31, 2025 and $9,609 ⁵ as of May 31, 2026. The Company has launched its Interview Kit Generator Program at https://roleform.com/. The total cost of the Program is $15,000 ⁶. On May 30, 2025, the Company capitalized $8,000 ⁷ of the Program development costs. As of May 31, 2025, the total amount of the Program development costs was $8,000 ⁸. Amortization expense of the Program development costs was $14 ⁹ as of May 31, 2025 and $2,667 ¹⁰ as of May 31, 2026. In August 2023 the Company acquired a website for $3,500 ¹¹ to provide its services to customers. Amortization expense of the website was $2,079 ¹² as of May 31, 2025 and $1,167 ¹³ as of May 31, 2026. In November 2024 the Company completed the development of another website to advertise its services. The total cost of the website development was $8,855 ¹⁴. On November 30, 2024, the Company capitalized $7,700 ¹⁵ of the website development costs. Amortization expense of the website was $1,283 ¹⁶ as of May 31, 2025 and $2,567 ¹⁷ as of May 31, 2026. Additionally, in May 2025 we introduced a new website to promote services for Android mobile application users. The total cost of the website development was $7,500 ¹⁸. On May 29, 2025, the Company capitalized $3,500 ¹⁹ of the website development costs. Amortization expense of the website was $9 ²⁰ as of May 31, 2025 and $1,167 ²¹ as of May 31, 2026. In February 2025 the Company completed the development of mobile application. The total cost of the mobile application development was $17,029 ²². On February 15, 2025, the Company capitalized $14,000 ²³ of the mobile application development costs. Amortization expense of the mobile application was $1,347 ²⁴ as of May 31, 2025 and $4,667 ²⁵ as of May 31, 2026. In May 2025 we launched our Android mobile application, as the previous version was only available for iOS users. The total cost of the mobile application development was $16,000 ²⁶. On May 23, 2025, the Company capitalized $9,000 ²⁷ of the mobile application development costs. Amortization expense of the mobile application was $73 ²⁸ as of May 31, 2025 and $3,000 ²⁹ as of May 31, 2026.

Following May 31, 2026, the Company underwent a change in control. On July 13, 2026, Alpha Investment Inc. completed the acquisition of 2,002,035 ³⁰ shares of the Company’s common stock. The transaction resulted in Alpha becoming the Company’s controlling shareholder. Transaction documents contemplated an aggregate purchase price of $700,000 ³¹ for the broader share-purchase transaction. In connection with the transition, Jon S. Cummings IV became the Company’s Chief Executive Officer, Treasurer, Secretary and sole director, and the Company relocated its principal executive offices to Cincinnati, Ohio. The Company is evaluating a strategic transition toward AI and digital infrastructure opportunities, including the potential development, financing, ownership and operation of power-intensive data-center and related infrastructure projects. These initiatives remain in planning and feasibility stages and are subject to site availability, power and utility validation, financing, permitting, regulatory approvals, commercial negotiations and definitive agreements. On July 22, 2026, the Company filed an amendment to its Articles of Incorporation with the Wyoming Secretary of State relating to a corporate name change. The related FINRA and market-system corporate-action process remains pending. The Company’s common stock continues to be quoted under the symbol LDXC pending completion of that process. On July 23, 2026, after the fiscal year-end, the Company filed a registration statement on Form S-8 relating to 500,000 ³² shares of common stock issuable under the Londax Corp. 2026 Equity Incentive Plan. As of September 1, 2026, 350,000 ³³ shares have been issued to consultants. As of September 1, 2026, Alpha has been issued 2,768,865 ³⁴ additional restricted shares as consideration for management services, and 350,000 ³⁵ shares have been issued under the Londax Corp. 2026 Equity Incentive Plan. There are a total of 5,350,000 ³⁶ shares outstanding as of September 1, 2026.

The Company’s audited financial statements report fiscal 2026 revenue of $28,323 ³⁷, compared with $66,410 ³⁸ of revenue in fiscal 2025. Revenue decreased by approximately $38,087 ³⁹, or 57.3% ⁴⁰, to $28,323 ⁴¹ in fiscal 2026 from $66,410 ⁴² in fiscal 2025. Cost of sales was $0 ⁴³ in fiscal 2026 compared with $12,000 ⁴⁴ in fiscal 2025. Gross profit decreased to $28,323 ⁴⁵ from $54,410 ⁴⁶. Total operating expenses increased approximately $22,008 ⁴⁷, or 39.6% ⁴⁸, to $77,616 ⁴⁹ from $55,608 ⁵⁰. Amortization and depreciation increased to $25,030 ⁵¹ from $11,287 ⁵². General and administrative expense declined to $232 ⁵³ from $26,932 ⁵⁴. Professional fees increased to $52,353 ⁵⁵ from $17,389 ⁵⁶, including approximately $20,000 ⁵⁷ of DTC expense, $15,345 ⁵⁸ of other professional fees, $12,112 ⁵⁹ of audit fees, $3,398 ⁶⁰ of filing-agent fees and $1,498 ⁶¹ of transfer-agent fees. Other income, net, was $11,949 ⁶² in fiscal 2026, consisting principally of $12,000 ⁶³ of debt-forgiveness income offset by $51 ⁶⁴ of foreign-exchange loss. As a result, the Company recorded a net loss of $37,343 ⁶⁵ for fiscal 2026 compared with a net loss of $1,198 ⁶⁶ for fiscal 2025.

The Company is evaluating a strategic transition toward AI and digital infrastructure opportunities, including the potential development, financing, ownership and operation of power-intensive data-center and related infrastructure projects. These initiatives remain in planning and feasibility stages and are subject to site availability, power and utility validation, financing, permitting, regulatory approvals, commercial negotiations and definitive agreements. The Company’s prospective AI and digital infrastructure strategy, if implemented, would compete with developers, infrastructure funds, utilities, hyperscale data-center operators, technology companies and other providers of large-scale digital infrastructure. Many competitors have substantially greater financial, technical, operational and customer resources than the Company.

The Company’s historical software business operates in highly competitive markets that include established CRM, recruiting, applicant-tracking and workforce-management providers, as well as smaller software developers. The Company’s prospective AI and digital infrastructure strategy, if implemented, would compete with developers, infrastructure funds, utilities, hyperscale data-center operators, technology companies and other providers of large-scale digital infrastructure. Many competitors have substantially greater financial, technical, operational and customer resources than the Company.

The Company’s ability to execute its business plan depends on operating cash flows, support from affiliates or related parties and access to additional financing. Its post-year-end AI and digital-infrastructure strategy may require substantially greater capital than its historical software operations. Large-scale data-center and power infrastructure projects may require substantial capital, site control, utility arrangements, permits, engineering, equipment and customer commitments. The Company may require substantial additional financing, which may be unavailable or may dilute existing stockholders.

The Company relies on a small management team and third-party professional, technology and regulatory service providers. As of May 31, 2026, the company has no employees. The Company relies on third-party hosting, software, email, cloud and data-storage providers. Management is responsible for identifying and evaluating cybersecurity risks and for responding to incidents. During the fiscal year, the Company did not maintain a dedicated internal cybersecurity team and relied substantially on third-party vendors’ security programs and management oversight.

The Company has not declared cash dividends on its common stock and does not presently anticipate paying cash dividends in the foreseeable future. Future issuances of the Company’s equity or debt securities will be required for the Company to continue to finance its operations and continue as a going concern. Management intends to seek additional funds through private or public offerings. There can be no assurance that additional financing or related-party support will be available on acceptable terms or at all.

The Company has a limited operating history, limited revenue and recurring losses. For the year ended May 31, 2026, the Company recorded a net loss of $37,343 ⁶⁷ and had no cash at year-end. The Company may not generate sufficient operating cash flow to fund its activities. At May 31, 2026, the Company had no cash, an accumulated deficit of $40,622 ⁶⁸ and current liabilities of $44,035 ⁶⁹. These conditions raise substantial doubt about the Company’s ability to continue as a going concern without additional financing or other financial support.

The Company’s common stock is quoted in the over-the-counter market and may be subject to limited liquidity, volatility and penny-stock rules. Recent changes in control, management, capitalization, legal name, trading symbol and other corporate actions may increase execution, governance and disclosure risks. A small staff may limit segregation of duties and financial-reporting resources and may contribute to material weaknesses or control deficiencies. Cybersecurity incidents, cloud-provider disruptions, data breaches or failures of third-party systems could adversely affect operations. The Company has historically reported as a non-shell while OTC Markets has displayed a Shell Risk flag. Brokers, market operators or regulators may independently assess shell-company issues.

Management’s message emphasizes the Company’s transition from a development-stage software business to a prospective AI and digital infrastructure strategy. The Company is evaluating a strategic transition toward AI and digital infrastructure opportunities, including the potential development, financing, ownership and operation of power-intensive data-center and related infrastructure projects. These initiatives remain in planning and feasibility stages and are subject to site availability, power and utility validation, financing, permitting, regulatory approvals, commercial negotiations and definitive agreements. Management intends to seek additional funds through private or public offerings. There can be no assurance that additional financing or related-party support will be available on acceptable terms or at all. The Company’s ability to fund its obligations and sustain operations over the next twelve months depends on generating sufficient revenue and obtaining additional financing, which may include continued support from related parties and/or debt or equity financing.

Revenue decreased by approximately $38,087 ⁷⁵, or 57.3% ⁷⁶, to $28,323 ⁷⁷ in fiscal 2026 from $66,410 ⁷⁸ in fiscal 2025. The decrease was mainly due to a shift in the Company’s revenue model. In fiscal 2026, revenue was recognized from annual subscription services ratably over the subscription term, whereas the prior-year revenue was derived from a one-time service recognized when provided. Cost of sales was $0 ⁷⁹ in fiscal 2026 compared with $12,000 ⁸⁰ in fiscal 2025. Gross profit decreased to $28,323 ⁸¹ from $54,410 ⁸². Total operating expenses increased approximately $22,008 ⁸³, or 39.6% ⁸⁴, to $77,616 ⁸⁵ from $55,608 ⁸⁶. Amortization and depreciation increased to $25,030 ⁸⁷ from $11,287 ⁸⁸. General and administrative expense declined to $232 ⁸⁹ from $26,932 ⁹⁰. Professional fees increased to $52,353 ⁹¹ from $17,389 ⁹², including approximately $20,000 ⁹³ of DTC expense, $15,345 ⁹⁴ of other professional fees, $12,112 ⁹⁵ of audit fees, $3,398 ⁹⁶ of filing-agent fees and $1,498 ⁹⁷ of transfer-agent fees. Other income, net, was $11,949 ⁹⁸ in fiscal 2026, consisting principally of $12,000 ⁹⁹ of debt-forgiveness income offset by $51 ¹⁰⁰ of foreign-exchange loss. As a result, the Company recorded a net loss of $37,343 ¹⁰¹ for fiscal 2026 compared with a net loss of $1,198 ¹⁰² for fiscal 2025. Basic and Diluted Loss Per Share was $(0.02) ¹⁰³ for fiscal 2026 and $(0.00) ¹⁰⁴ for fiscal 2025. Basic and Diluted Weighted Average Number of Common Shares Outstanding was 2,231,135 ¹⁰⁵ for fiscal 2026 and 5,231,135 ¹⁰⁶ for fiscal 2025. At May 31, 2026, the Company had $0 ¹⁰⁷ in cash, $6,675 ¹⁰⁸ of prepaid expenses, total assets of $44,347 ¹⁰⁹ and current liabilities of $44,035 ¹¹⁰. Current liabilities consisted of $996 ¹¹¹ of accounts payable, $5,298 ¹¹² of deferred income and $37,741 ¹¹³ of related-party loans. At May 31, 2025, the Company had $10,606 ¹¹⁴ in cash, total assets of $93,308 ¹¹⁵ and total liabilities of $55,653 ¹¹⁶. Net cash used in operating activities was $44,067 ¹¹⁷ for the year ended May 31, 2026, compared with $94,461 ¹¹⁸ provided by operating activities in fiscal 2025. Net cash provided by financing activities was $33,460 ¹¹⁹, attributable to net advances received from related parties. The resulting net decrease in cash for fiscal 2026 was $10,606 ¹²⁰. The Company has an accumulated deficit of $40,622 ¹²¹ as of May 31, 2026. At May 31, 2026, the Company had no cash, stockholders’ equity of $312 ¹²², and $37,741 ¹²³ of related-party loans payable upon request. The Company’s fixed assets were comprised of $561 ¹²⁴ in equipment, fully depreciated. Accumulated depreciation of $561 ¹²⁵ and $374 ¹²⁶ were recorded and depreciation expenses of $187 ¹²⁷ and $187 ¹²⁸ were recorded as of May 31, 2026 and 2025, respectively. The Company had net operating loss carry forwards of approximately $8,532 ¹²⁹ maybe offset against future taxable income. No tax benefit has been reported in the May 31, 2026 or 2025 financial statements since the potential tax benefit is offset by a valuation allowance of the same amount.

The Company has a limited operating history, limited revenue and recurring losses. For the year ended May 31, 2026, the Company recorded a net loss of $37,343 ⁷⁰ and had no cash at year-end. At May 31, 2026, the Company had no cash, an accumulated deficit of $40,622 ⁷¹ and current liabilities of $44,035 ⁷², including $37,741 ⁷³ of related-party loans and $5,298 ⁷⁴ of deferred income. These conditions raise substantial doubt about the Company’s ability to continue as a going concern without additional financing or other financial support. The post-year-end transition toward AI and digital infrastructure is preliminary and may not produce completed projects, revenue or profitability. Large-scale data-center and power infrastructure projects may require substantial capital, site control, utility arrangements, permits, engineering, equipment and customer commitments. The Company may require substantial additional financing, which may be unavailable or may dilute existing stockholders. The Company’s common stock is quoted in the over-the-counter market and may be subject to limited liquidity, volatility and penny-stock rules. Recent changes in control, management, capitalization, legal name, trading symbol and other corporate actions may increase execution, governance and disclosure risks. A small staff may limit segregation of duties and financial-reporting resources and may contribute to material weaknesses or control deficiencies. The Company has historically reported as a non-shell while OTC Markets has displayed a Shell Risk flag. Brokers, market operators or regulators may independently assess shell-company issues.