Antiaging Quantum Living Inc., formerly known as Achison Inc., reported significant financial developments in its latest 10-K filing for the fiscal year ending March 31, 2025. The company generated revenues of $817,898, a substantial increase from $7,499 in the previous fiscal year, marking an increase of 10,806%. This surge in revenue is attributed to the launch of online platform technical operation support and maintenance services, which became the primary revenue source, replacing previous income from health and beauty product sales and online advertising.
Despite the notable revenue growth, the company reported a net loss of $720,409 for the fiscal year, compared to a net loss of $412,971 in the prior year, reflecting a 74.45% increase in losses. The increase in losses is primarily due to a significant rise in operating expenses, which totaled $1,218,476, up from $419,745 in the previous year. This increase is linked to higher rental expenses, employee wages, and start-up costs associated with the company's expansion efforts.
Strategically, Antiaging Quantum Living underwent a change in control in April 2023 when Barry Wan acquired approximately 97% of the company's common stock. This transition led to a rebranding of the company and a shift in focus towards healthcare management and insurance services. The company has also established several subsidiaries aimed at expanding its operations into the Asia-Pacific market, including entities in Hong Kong and mainland China, which are expected to enhance its service offerings in health consulting and technical support.
Operationally, the company has made strides in improving its financial position, with total assets increasing to $1,589,350 as of March 31, 2025, compared to $1,012,410 the previous year. The company reported a working capital of $132,689, a significant improvement from a working capital deficit of $647,227 in the prior year. However, the company continues to face challenges, including an accumulated deficit of $1,409,712, raising concerns about its ability to continue as a going concern.
Looking ahead, Antiaging Quantum Living aims to enhance its profitability and cash flow generation capabilities while executing its business plan. The management acknowledges the risks associated with its current financial condition and is committed to implementing measures to support liquidity and operational sustainability. The company has also indicated plans to explore additional business opportunities to further diversify its revenue streams.
About Antiaging Quantum Living Inc.
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