Glidelogic Corp. reported a revenue of $33,563 for the fiscal year ending January 31, 2025, marking an increase from $30,000 in the previous year. The company did not incur any cost of goods sold during this period, as all work was performed by its management team without compensation. Operating expenses rose to $60,999, primarily due to increased legal and administrative costs associated with compliance and SEC reporting. The net loss for the year was $27,436, slightly improved from a loss of $28,134 in the prior year.
The company has made significant strides in its operational strategy, particularly through its partnerships within the TikTok ecosystem. As a TikTok Affiliate Partner and TikTok Shop Partner, Glidelogic has leveraged these relationships to generate revenue from advertisement placements and livestreaming services. The company also expanded its service offerings in the FinTech sector, focusing on consulting for cross-border e-commerce payment solutions, and is developing algorithmic trading capabilities. Additionally, Glidelogic has been awarded a patent for customized NFTs, which is expected to enhance its blockchain revenue streams.
Operationally, Glidelogic has maintained a lean structure with only two employees, its president and CEO, Yitian Xue, and chairman, Dapeng Ma. The company’s total assets as of January 31, 2025, were $5,020, with current liabilities amounting to $37,534, leading to a stockholders' equity deficit of $32,514. The company’s cash position improved to $2,107 from $199 in the previous year, although it remains dependent on loans from controlling shareholders to sustain operations.
Looking ahead, Glidelogic Corp. anticipates needing a minimum of $50,000 in funding to continue operations for the next year. The company has submitted an application for listing on the OTCQB, which management believes will enhance liquidity and shareholder confidence. However, the company faces substantial uncertainty regarding its ability to secure the necessary capital and establish a stable revenue stream, as indicated by the auditors' "going concern" opinion. The management is focused on aligning revenue generation with operational costs to achieve financial viability in the near future.
About Glidelogic Corp.
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