LVPAI Group Limited, a Nevada-based holding company, reported no revenue for the fiscal year ending January 31, 2025, maintaining its status as a dormant entity since November 2011. The company incurred a net loss of $32,555, a decrease from the previous year's loss of $40,073. This reduction in losses is attributed to lower administrative expenses, which fell from $40,073 in 2024 to $32,555 in 2025. The company continues to operate without any revenue-generating activities, relying on loans from related parties to cover operational costs.
The company has undergone significant changes in its management structure over the past few years. Following a custodianship appointment in March 2020, David Lazar was replaced by Yang Fuzhu as CEO in January 2021. Subsequent transactions in August 2022 and December 2023 further altered the ownership structure, with Chen Yuanhang becoming the new CEO and controlling shareholder. As of January 31, 2025, the company had 100,103,103 shares of common stock outstanding, with a total stockholders' deficit of $137,655.
LVPAI Group has not engaged in any business operations or acquisitions, focusing instead on identifying potential business opportunities for future growth. The company is exploring a reverse merger or similar transaction to commence operations. However, it faces challenges due to limited capital resources and intense competition from other entities seeking similar opportunities. The management has indicated that it may need to raise additional funds through equity or debt financing to support its business plan.
The company has no employees and relies on part-time consulting services provided by its CEO. As of the latest report, LVPAI Group has not established any significant operational metrics, customer counts, or product adoption rates, as it remains in the early stages of developing a viable business plan. The management has expressed concerns regarding the ongoing economic conditions, particularly the impact of the COVID-19 pandemic, which may hinder its ability to identify and execute a successful business combination.
Looking ahead, LVPAI Group's management acknowledges the substantial doubt about the company's ability to continue as a going concern due to its lack of operations and ongoing losses. The company plans to explore various financing options and is committed to addressing its operational challenges. However, the uncertainty surrounding its future business prospects and the regulatory environment in China poses additional risks that could affect its ability to achieve its objectives.
About LVPAI GROUP Ltd
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