UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form
For the quarterly period ended
For the transition period from __________ to __________
Registration No.
(Exact name of registrant as specified in its charter)
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| 7371 | ||
State or Other Jurisdiction of |
| IRS Employer |
| Primary Standard Industrial |
Incorporation or Organization |
| Identification Number |
| Classification Code Number |
Tel. (
Email: info@glidelogic.ai
(Address and telephone number of principal executive offices)
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15 (d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).
Yes ☐
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a
Large accelerated filer | ☐ | Accelerated filer | ☐ |
Non-accelerated filer | ☒ | Smaller reporting company | |
| Emerging growth company | ||
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act.
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).
Yes
State the number of shares outstanding of each of the issuer's classes of common equity, as of the latest practicable date:
GLIDELOGIC CORP.
QUARTERLY REPORT ON FORM 10-Q
TABLE OF CONTENTS
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PART 1 – FINANCIAL INFORMATION
Item 1. Financial Statements
The accompanying interim financial statements of Glidelogic Corp. (“the Company”, “we”, “us” or “our”), have been prepared without audit pursuant to the rules and regulations of the Securities and Exchange Commission.
The interim financial statements are condensed and should be read in conjunction with the company’s latest annual financial statements.
In the opinion of management, the financial statements contain all material adjustments, consisting only of normal adjustments considered necessary to present fairly the financial condition, results of operations, and cash flows of the Company for the interim periods presented.
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GLIDELOGIC CORP.
BALANCE SHEETS
As of April 30, 2025 (Unaudited) and January 31, 2025 (Audited)
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Cash and Cash Equivalents | $ | $ | ||
Prepaid Expense |
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Total Current Assets |
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Fixed Assets |
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Equipment, net |
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Total Fixed Assets |
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Total Assets | $ | $ | ||
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LIABILITIES AND STOCKHOLDERS’ EQUITY |
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Current Liabilities |
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Accounts Payable | $ | $ | ||
Customer Prepayments (Deferred Income) |
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Loan Payable (to Parent Company) |
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Total Liabilities |
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Commitments and Contingencies |
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Stockholders’ Equity |
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Common stock, par value $ |
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Additional Paid in Capital |
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Retained Earnings |
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Total Stockholders’ Equity |
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Total Liabilities and Stockholders’ Equity | $ | $ |
See accompanying notes, which are an integral part of these financial statements
2
GLIDELOGIC CORP.
STATEMENTS OF OPERATIONS
For the three months April 30, 2025 and 2024 (Unaudited)
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REVENUES | $ | $ | ||
Cost of goods |
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OPERATING EXPENSES |
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General and Administrative Expenses |
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TOTAL OPERATING EXPENSES |
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NET LOSS/INCOME FROM OPERATIONS |
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OTHER INCOME |
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NET LOSS BEFORE INCOME TAXES |
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PROVISION FOR INCOME TAXES |
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NET LOSS/INCOME | $ | ( | $ | ( |
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NET LOSS/INCOME PER SHARE: BASIC AND DILUTED | $ | ( | $ | ( |
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WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED |
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See accompanying notes, which are an integral part of these financial statements
3
GLIDELOGIC CORP.
STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY
For the three months ended April 30, 2025 and 2024 (Unaudited)
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Balance, January 31, 2024 | $ | $ | $ | ( | $ | ( | |||
Net loss for the three months ended April 30, 2024 |
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Balance, April 30, 2024 | $ | $ | $ | ( | $ | ( | |||
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Balance, January 31, 2025 | $ | $ | $ | ( | $ | ( | |||
Net loss for the three months ended April 30, 2025 |
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Balance, April 30, 2025 | $ | $ | $ | ( | $ | ( | |||
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See accompanying notes, which are an integral part of these financial statements
4
GLIDELOGIC CORP.
STATEMENTS OF CASH FLOWS
For the three months ended April 30, 2025 and 2024 (Unaudited)
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CASH FLOWS FROM OPERATING ACTIVITIES |
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Net loss | $ | ( | $ | ( |
Adjustments to reconcile net loss to net cash provided by operations: |
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CASH FLOWS PROVIDE BY/USED IN OPERATING ACTIVITIES |
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CASH FLOWS FROM INVESTING ACTIVITIES |
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CASH FLOWS FROM FINANCING ACTIVITIES |
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Note Payable – Related Party |
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CASH FLOWS FROM FINANCING ACTIVITIES |
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Cash, end of period | $ | $ | ||
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SUPPLEMENTAL CASH FLOW INFORMATION: |
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Interest paid | $ | $ | ||
Income taxes paid | $ | $ |
See accompanying notes, which are an integral part of these financial statements
5
GLIDELOGIC CORP.
NOTES TO THE FINANCIAL STATEMENTS
As at April 30, 2025 (Unaudited)
1.ORGANIZATION AND NATURE OF BUSINESS
GLIDELOGIC CORP. (“the Company”) was incorporated in the State of Nevada on December 11, 2020. The Company is a diversified software development and consulting firm specializing in the development of AI-based software, financial technologies (fintech) software, and blockchain technologies related software solutions. Additionally, the Company offers consulting services to business customers and retail customers for these three areas as well. As of April 30, 2025, the Company's principal office is located at 11264 Playa Court, Culver City, California, United States. The Company engages with customers and vendors both within and outside of the United States.
2.GOING CONCERN
The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States (“GAAP”), which contemplate continuation of the Company as a going concern. The Company had $
3.SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of presentation
The accompanying financial statements have been prepared in accordance with GAAP and should be read in conjunction with our audited financial statements included in our Annual Report on Form 10-K for the year ended January 31, 2025, and not indicative of future results.
The Company’s year-end is January 31.
Use of Estimates
The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates. Due to the limited level of operations, the Company has not had to make material assumptions or estimates other than the assumption that the Company is a going concern.
Reclassification of Prior Period Amounts
During the current quarter, the Company identified rounding-related inconsistencies in previously reported amounts within the Statement of Changes in Stockholders’ Equity. To improve internal consistency and presentation accuracy, certain immaterial adjustments were made between Additional Paid-in Capital and Retained Earnings. These reclassifications did not affect total stockholders’ equity, net income, or cash flows for any period presented.
Cash and Cash Equivalents
The Company considers all highly liquid investments with original maturities of three months or less to be cash equivalents.
6
Income Taxes
Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for deferred tax assets that, based on available evidence, are not expected to be realized.
Fair Value of Financial Instruments
ASC 825, “Disclosures about Fair Value of Financial Instruments”, requires disclosure of fair value information about financial instruments. ASC 820, “Fair Value Measurements” defines fair value, establishes a framework for measuring fair value in generally accepted accounting principles, and expands disclosures about fair value measurements. Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of April 30, 2025.
The respective carrying values of certain on-balance-sheet financial instruments approximate their fair values. These financial instruments include cash and related party loan payable. Fair values were assumed to approximate carrying values for these financial instruments since they are short term in nature and their carrying amounts approximate fair value.
Accounts Receivable and Expected Credit Loss
In accordance with ASC 326, "Measurement of Credit Losses on Financial Instruments", accounts receivable are recognized upon delivery of goods or services. The Company adopts the Current Expected Credit Loss (CECL) model, which necessitates the recognition of expected credit losses over the life of the asset. This model incorporates historical data, current conditions, and reasonable future forecasts. Accounts deemed uncollectible are written off against the allowance for doubtful accounts. As of April 30, 2025, the Company has assessed its accounts receivable for impairment under the CECL model and has made appropriate adjustments in line with GAAP standards.
Stock-Based Compensation
On November 6, 2024, Glidelogic Corp. filed a Form S-8 with the U.S. Securities and Exchange Commission (SEC) to announce the issuance of 2,000,000 shares of common stock as service shares. As of April 30, 2025, a total of 28 individuals have received 200 bonus shares each, amounting to an aggregate of 5,600 shares. Stock-based compensation is accounted for at fair value in accordance with ASC 718, when applicable. To date, the Company has not adopted a stock option plan and has not granted any stock options.
Fixed Assets
Equipment is stated at cost, net of accumulated depreciation. The cost of equipment is depreciated using the straight-line method over five years. Expenditures for maintenance and repairs are charged to expense as incurred. Additions, major renewals, and replacements that increase the equipment's useful life are capitalized. Equipment sold or retired, together with the related accumulated depreciation is removed from the appropriated accounts and the resultant gain or loss is included in net income.
Revenue Recognition
The Company recognizes revenue in accordance with Accounting Standards Codification (“ASC”) 606, “Revenue from Contracts with Customers”. ASC 606 adoption is on February 1, 2018. The core principle of ASC 606 is that an entity recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services.
GLIDELOGIC CORP. recognizes revenue in accordance with this core principle by applying the following steps:
Step 1: Identifying the contract(s) with the customer.
Step 2: Identifying the performance obligation to satisfy the contract.
Step 3: Determining the transaction price.
Step 4: Allocate the transaction price to the performance obligations in the contract.
Step 5: Revenue recognition.
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The Company's revenues are bifurcated into two categories: software and services including commission or rebates derived from providing such services. Revenues from software are recognized at a point-in-time as ownership is transferred to the customer at a distinct point in time, in accordance with the terms of the contract. For services, revenue is recognized over time as the services are rendered and milestones are achieved, pursuant to the terms specified in the service agreement. Revenue related to commissions and rebates is recognized after the end of the reporting quarter during which the related services are provided. The determination of commission and rebate amounts is contingent upon the aggregate transaction data for the completed quarter, such as the total amount spent by each client. As a result, these amounts are typically calculated and finalized in the subsequent quarter, or later, depending on the timing of data reconciliation and processing by the platform and its primary agency.
The Company shall not be liable for any failure to perform its obligations, whether related to software or services, if such failure is due to circumstances beyond its reasonable control. Any liability of the Company shall be limited to the total of all amounts paid by the customer for software and/or services under the contract.
Payment Terms: The Company plans to collect payment from customers prior to transferring ownership of the software and may require deposits from customers at the time an order is placed. When deposits are collected prior to transferring ownership of the software, the Company recognizes deferred revenue until the transfer is made. Similarly, for services, the Company may require an upfront retainer or periodic payments, as outlined in the service agreement. Any prepaid amounts for services will be recognized as deferred revenue until the services are rendered. The Company plans to collect payment from customers prior to transferring ownership of the software and may require deposits from customers at the time an order is placed. When deposits are collected prior to transferring ownership of the software, the Company recognizes deferred revenue until the transfer is made. Similarly, for services, the Company may require an upfront retainer or periodic payments, as outlined in the service agreement. Any prepaid amounts for services will be recognized as deferred revenue until the services are rendered. For commission and rebate revenue, payments are typically received after the commission and rebate amounts are determined. Depending on the speed of processing by the paying party, the Company generally receives these payments in the quarter following the quarter in which the related services were provided.
As for Nonmonetary Exchange Contracts, the Company accepts barter contracts and recognizes any revenue originating from such contracts, whether related to software or services, if a barter agreement is made between both parties.
Cost of Goods Sold
Cost of goods sold includes direct costs of selling items.
Recent Accounting Pronouncements
We have reviewed all the recently issued, but not yet effective and thus not disclosed here, accounting pronouncements and we do not believe any of those pronouncements will have a material impact on the Company’s financial position, results of operations or cash flows.
In November 2023, the FASB issued ASU 2023-07, "Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures." This update requires public companies, including single-reportable segment entities, to provide enhanced disclosures about significant segment expenses and other segment items. The standard is effective for fiscal years beginning after December 15, 2023, and interim periods beginning after December 15, 2024. The Company operates as a single-reportable segment.
Segment Reporting
The Company operates as a single operating and reportable segment. Management reviews financial performance and allocates resources on a consolidated basis. As such, the Company has determined that it operates as one reportable segment under ASC Topic 280, Segment Reporting.
8
Basic Income (Loss) Per Share
The Company computes income (loss) per share in accordance with ASC 260 “Earnings per Share”. Basic loss per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted income (loss) per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive. As of April 30, 2025, there were no potentially dilutive debt or equity instruments issued or outstanding.
4.FIXED ASSETS
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5.RELATED PARTY TRANSACTIONS
In terms of related party transactions, Streamline and Glidelogic Corp. share the same ultimate controlling persons – Mr. Dapeng Ma and Mr. Yitian Xue. While they hold majority interest in Streamline, together they own 100% of Star Success Business, LLC (SSB), which owns 75% of Glidelogic’s interest.
On February 1, 2025, Glidelogic executed separate Promissory Note Amendments with Streamline, Dapeng Ma, Yitian Xue, and Star Success Business extending the maturity date of each loan to January 31, 2026. Under the amended terms, all outstanding loans will remain interest-free until January 31, 2026. Thereafter, a simple annual interest rate of 3% will apply, calculated on a 365-day year basis. Interest will begin accruing from February 1, 2026, until the loan is repaid. The terms may be renegotiated upon mutual agreement.
The related party transactions are as follows:
1)For the three months ended April 30, 2025, Streamline USA, Inc. loaned $
9
January 31, 2025, for the three months ended April 30, 2025, the Streamline Note Payable balance is $
Date | Details | Amount | Int. Accrue Starting |
2025/02/28 | Loan to GDLG | $ | 2026/02/01 |
2025/03/14 | Loan to GDLG | $ | 2026/02/01 |
2025/03/18 | Loan to GDLG | $ | 2026/02/01 |
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Total Loan Amount as of 04/30/2025 | $ |
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2)For the three months ended April 30, 2025, Mr. Dapeng Ma (director of the Company) loaned $
Date | Details | Amount | Int. Accrue Starting |
2024/04/22 | Loan to GDLG | $ | 2026/02/01 |
2024/09/16 | Loan to GDLG | $ | 2026/02/01 |
2024/10/01 | Loan to GDLG | $ | 2026/02/01 |
2024/10/29 | Loan to GDLG | ($ | 2026/02/01 |
2024/11/14 | Loan to GDLG | $ | 2026/02/01 |
2025/02/12 | Loan to GDLG | $ | 2026/02/01 |
2025/04/22 | Loan to GDLG | $ | 2026/02/01 |
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Total Loan Amount as of 04/30/2025 | $ |
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3)For the three months ended April 30, 2025, Mr. Yitian Xue (director of the Company) loaned $
Date | Details | Amount | Int. Accrue Starting |
2024-04-30 | Loan to GDLG | $ | 2026-02-01 |
2024-05-01 | Loan to GDLG | $ | 2026-02-01 |
2024-05-20 | Loan to GDLG | $ | 2026-02-01 |
2024-05-20 | Loan to GDLG | $ | 2026-02-01 |
2024-06-12 | Loan to GDLG | $ | 2026-02-01 |
2024-07-03 | Loan to GDLG | $ | 2026-02-01 |
2025-02-20 | Loan to GDLG | ($ | 2026-02-01 |
2025-02-24 | Loan to GDLG | ($ | 2026-02-01 |
2025-02-24 | Loan to GDLG | ($ | 2026-02-01 |
2025-03-17 | Loan to GDLG | $ | 2026-02-01 |
2025-03-18 | Loan to GDLG | $ | 2026-02-01 |
2025-04-01 | Loan to GDLG | $ | 2026-02-01 |
2025-04-09 | Loan to GDLG | $ | 2026-02-01 |
2025-04-10 | Loan to GDLG | $ | 2026-02-01 |
2025-04-14 | Loan to GDLG | $ | 2026-02-01 |
2025-04-21 | Loan to GDLG | $ | 2026-02-01 |
2025-04-21 | Loan to GDLG | $ | 2026-02-01 |
2025-04-29 | Loan to GDLG | $ | 2026-02-01 |
2025-04-29 | Loan to GDLG | $ | 2026-02-01 |
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Total Loan Amount as of 04/30/2025 | $ |
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4)As of April 30, 2025, Parent company Star Success Business, LLC still has an inter-company loan agreement with GDLG. The total principal loan amount from SSB to GLDG is $
Date | Details | Amount | Int. Accrue Starting |
2023/10/10 | Loan to GDLG | $ | 2026-02-01 |
2023/10/16 | Loan to GDLG | $ | 2026-02-01 |
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Total Loan Amount as of 04/30/2025 | $ |
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6.COMMON STOCK
The Company has
On November 6, 2024, the Company filed a Form S-8 with the U.S. Securities and Exchange Commission (SEC) to announce the issuance of 2,000,000 shares of common stock as service shares. As of April 30, 2025, a total of 28 individuals has each received 200 bonus shares, amounting to an aggregate of 5,600 shares. The total cost basis of these shares is $4,756, determined based on the fair market value of the stock on the respective grant dates.
As of April 30, 2025, there were
7.COMMITMENTS AND CONTINGENCIES
From time-to-time, the Company is subject to various litigation and other claims in the normal course of business. The Company establishes liabilities in connection with legal actions that management deems to be probable and estimable (if any). No such event or amounts have been accrued in the financial statements with respect to any litigation or other claim matters.
8.INCOME TAXES
The Company adopted the provisions of uncertain tax positions as addressed in ASC 740 “Income Taxes” (“ASC 740”). As a result of the implementation of ASC 740, the Company recognized no increase in the liability for unrecognized tax benefits. As of April 30, 2025, the Company had net operating loss carry forwards of approximately $
The income tax valuation allowance as of April 30, 2025, was approximately $
The ultimate realization of deferred income tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred income tax liabilities, projected future taxable income, and tax planning strategies in making this assessment. Based on consideration of these items, management has determined that enough uncertainty exists relative to the realization of the deferred income tax asset balances to warrant the application of a full valuation allowance as of April 30, 2025. All tax years since inception remain open for examination by taxing authorities.
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The provision for Federal income tax consists of the following:
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Non-current deferred tax assets: |
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Net operating loss carry forward | $ | ( | $ | ( |
Valuation allowance | $ | $ | ||
Net deferred tax assets | $ | $ |
The actual tax benefit at the expected rate of 21% does not differ from the expected tax benefit for the three months ended April 30, 2025, as follows:
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| April 30, 2025 |
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Computed “expected” tax expense (benefit) | $ | ( | $ | ( |
Change in valuation allowance | $ | $ | ||
Actual tax expense (benefit) | $ | $ |
The related deferred tax benefits for the above unused tax losses have not been fully recognized as it is not reasonably certain that they will be realized. Management has evaluated tax positions in accordance with ASC 740 and has not identified any significant tax positions, other than those disclosed.
9.SUBSEQUENT EVENTS
Effective May 1, 2025, the Company relocated its principal executive office from 11264 Playa Court, Culver City, California 90230 to 8275 S. Eastern Ave., Suite 200-#406, Las Vegas, Nevada 89123. The Company was originally incorporated in Nevada, and this relocation aligns its executive office with its state of incorporation. The move was part of a broader effort to optimize operational efficiency and may result in reduced state-level tax obligations, as Nevada does not impose a corporate income tax.
On May 2, 2025, Mr. Yitian Xue provided $1,200 loan to Glidelogic via bank transfer, then on May 30, 2025, he paid $64 on behalf of GDLG in support of its operation, increasing Mr. Xue’s total loan to GDLG to $49,950.
On May 19, 2025, Mr. Dapeng Ma provided $1,000 loan, then another $300 and $800 on May 30 and June 3, 2025 respectively to Glidelogic via bank transfer in support of its operation, increasing Mr. Ma’s total loan to GDLG to $9,300.
On May 27, 2025, the Company processed a refund of $825 to A-Trans Logistics Corp in connection with the settlement of previously recorded deferred revenue related to unused service fees. The refund was made in accordance with the client’s instructions and represents full satisfaction of the related liability.
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ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
A CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This prospectus contains forward-looking statements which relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expects”, “plans”, “anticipates”, “believes”, “estimates”, “predicts”, “potential” or “continue” or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors, including the risks in the section entitled “Risk Factors,” that may cause our or our industry’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.
While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein. Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking statements to conform these statements to actual results.
DESCRIPTION OF BUSINESS
GENERAL
Our company is a diversified software development and consulting firm, pushing the frontiers of technological innovation in Artificial Intelligence (“AI”), financial technologies (“FinTech”), and blockchain. We offer consulting services for these three areas as well. As of April 30, 2025, our business address is 11264 Playa Court, Culver City, CA 90230. In May, our business address is moved to 8275 S. Eastern Ave., Suite 200-#406, Las Vegas, Nevada 89123. Our phone number is (310) 397-2300. We expect we may fail to achieve profitability which may result in ceasing operations due to lack of funding.
AI Solutions and Entertainment Marketing:
The Company is currently focusing its AI efforts on core technological capabilities such as algorithm development, programming, inference, and creative writing. These AI solutions are designed to serve multiple industries, including e-commerce, academic research, and entertainment. A key initiative is the development of proprietary AI software platforms, such as ResearchMind™—an AI-powered academic research assistant that identifies research gaps, generates proposals, and supports cross-disciplinary innovation. Additionally, the Company is developing tools for AI-assisted creative writing tailored to professional applications such as scriptwriting and long-form narratives. These initiatives reflect the Company’s shift toward building standalone AI solutions that support intellectual productivity and content generation.
Previously, the Company also utilized AI to assist with content and influencer strategy in TikTok-based marketing services, including live-stream script creation and short-form video production. While these efforts contributed to initial revenue generation, they are no longer the primary focus of the Company’s AI strategy.
FinTech Innovations:
In the FinTech sector, our team is transitioning into providing consulting services to cross-border e-commerce payment service providers. Additionally, the Company offers custom software development and white-label solution services.
In addition, the Company is developing its own cryptocurrency market trading strategies for proprietary trading, as well as designing trading strategy advisory services for clients.
Blockchain Developments:
As for our endeavours in blockchain technology, our two principal controllers have recently been awarded a patent for customized NFTs in early 2024, underscoring our commitment to intellectual property and innovation. Building on this momentum, our company has laid out plans for product development in the Web3 space this year, signalling our entrance into the next evolution of the internet with a focus on decentralized products and services.
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In addition, Real World Assets (RWA), as a trending topic in blockchain, has seen the Company actively involved in three key areas: (1) research related to RWA compliance, (2) development of software infrastructure, and (3) identification of assets suitable for RWA tokenization. The Company has also completed the software, tools, and related technical preparations necessary for crypto algorithmic trading of RWA and other alternative tokens. Furthermore, the Company is developing its own cryptocurrency market trading strategies for proprietary trading and designing trading strategy advisory services for clients, further expanding its capabilities in the blockchain ecosystem.
Each of these pillars – AI, FinTech, and blockchain – not only represents a core competence of our company but also synergizes to create a holistic, technologically advanced suite of solutions and consulting services. We remain devoted to leading the way in these dynamic fields, fostering growth and delivering value to our clients through relentless innovation and expertise. Furthermore, we look forward to integrating and developing a comprehensive framework combining AI, FinTech, and blockchain, focusing on an AI-based algorithmic trading framework in the cryptocurrency market for proprietary trading.
REVENUE
The Company’s plan for revenue is as such:
AI Revenue:
The Company’s AI-related revenue in the current period is derived from two primary sources: the ResearchMind platform and custom AI solutions for professional writing and content development. ResearchMind supports academic institutions and researchers by offering automated literature analysis and proposal generation, which has led to early sales through beta-testing partnerships. Additionally, the Company provides AI-driven creative writing support tools, generating service revenue from clients in the media, publishing, and e-commerce content sectors.
The company’s recent revenue was also derived from AI-assisted marketing services offered to cross-border e-commerce clients on TikTok, such as influencer selection, ad placement consulting, and live-stream scriptwriting. These engagements were conducted under the Company’s former status as a TikTok Affiliate Partner and secondary advertising agency. Such activities now comprise a minimal portion of the Company’s AI revenue.
FinTech Revenue:
In the FinTech sector, our revenue comes from providing consulting services to cross-border e-commerce payment service providers. We also offer custom software development and white-label solutions. This comprehensive service model ensures a consistent revenue stream, aligning our financial success with the operational success of our clients. In addition, the Company is expanding its services to include the design, foundational software development, and operational support related to algorithmic trading, further diversifying its FinTech offerings.
Blockchain Revenue:
Revenue in the blockchain sphere is derived from development and consulting services for Web3 projects. Our deep expertise in this cutting-edge technology positions us as a valuable partner for clients looking to innovate in the decentralized digital space. Furthermore, the patents owned by our principal controllers, particularly in the area of customized NFTs, open up additional revenue channels through licensing fees. This intellectual property elevates our market standing and contributes to a robust financial model that capitalizes on the burgeoning interest in blockchain applications. In addition, the Company hopes to add revenue from consulting services and software development related to the design, issuance, management, operation, and compliance of Real World Assets (RWA). Moreover, the Company plans to enhance its blockchain revenue streams by engaging in proprietary cryptocurrency trading activities.
In summary, the Company’s revenue is derived from a diversified mix of AI-driven solutions, FinTech services, and blockchain initiatives. Key sources include partnerships and consulting in the TikTok ecosystem, custom software development, algorithmic trading, and blockchain projects like Web3 development, NFT licensing, and RWA tokenization. These interconnected revenue streams, supported by our expertise and intellectual property, create a strong foundation for sustainable growth and profitability.
MARKETING
Our company's marketing strategy is uniquely crafted for each division—AI, FinTech, and blockchain—to leverage our strengths and maximize market penetration.
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AI Marketing:
The Company markets its AI products through direct outreach to academic institutions, creative studios, and e-commerce service providers. ResearchMind, in particular, has been introduced via invitation-only pilot programs, with further expansion expected through academic partnerships and conference participation. For creative writing tools, marketing efforts focus on building relationships with media production teams, content creators, and publishing professionals.
The Company has previously marketed AI-supported services through the TikTok ecosystem and affiliated KOL networks. While this generated early brand awareness, the current marketing strategy emphasizes direct promotion of Glidelogic’s proprietary AI platforms
FinTech Marketing:
The Company collaborates with local law firms in Brazil to identify clients who provide cross-border e-commerce payment services. Through these partnerships, the Company offers its fintech services to these local clients.
Blockchain and Web3 Marketing:
Our blockchain services in the Web3 space benefit from our patented technologies, which enhance our reputation and attract clients. We use patent licensing entities to promote our capabilities, drawing in clients interested in advanced blockchain technology.
Our marketing strategy aligns with our operational strengths and market conditions, ensuring visibility and growth for each division. By leveraging existing relationships, intellectual property, and strategic partnerships, we expand our market presence and build a strong brand in our operating sectors.
COMPETITION
Our company operates in dynamic and competitive sectors, each with its unique set of challenges and opportunities.
AI Competitive Environment:
Glidelogic operates in a rapidly evolving AI landscape, competing with both large-scale general AI providers and niche solution developers. The Company differentiates itself by focusing on domain-specific applications—particularly in research ideation and professional creative writing—where the need for iterative reasoning and structured output aligns with its technology strengths.
While the Company acknowledges that competition in foundational model development and infrastructure scalability remains a challenge, its strategic emphasis on tailored applications and cross-industry adaptability provides a defensible niche.
The Company also leveraged partnerships with platforms such as TikTok to gain early entry into the AI-for-marketing space. Although this provided initial traction, the Company now focuses its competitive position on standalone AI products and services that offer higher value-add and independence from third-party ecosystems.
FinTech Competitive Dynamics:
The new algorithmic trading business builds upon the trading strategy designs and related expertise previously developed by Mr. Yitian Xue, the CEO of the Company. While these strategies and frameworks were originally designed for traditional stock and futures markets, adapting them to the cryptocurrency market presents unique challenges. The transition requires significant adjustments to account for the inherent volatility, 24/7 trading cycle, and decentralized nature of the crypto market. Additionally, the migration involves an extensive development timeline and considerable workload to reconfigure the algorithmic trading architecture to align with the technological and regulatory complexities of the cryptocurrency ecosystem. Overcoming these challenges will be critical to establishing a competitive edge and ensuring the success of this new business line.
Blockchain and Web3 Competition:
The blockchain, Web3, and NFT sectors are currently characterized by their lack of clear market direction, with all players seeking new opportunities and directions. This exploratory phase of the industry results in inherent instability that poses a challenge to our business operations. However, our approach to this uncertainty is to leverage our patented technologies and adaptability to serve as a stable partner to our clients during times of
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market flux. We remain vigilant and responsive to the evolving trends, ensuring that our offerings are aligned with the emerging needs and expectations of the marketplace.
In addition, the Company plans to enter the cryptocurrency proprietary trading market, which is inherently volatile and uncertain compared to traditional financial markets. This new venture will require time for adaptation, development, and refinement of trading strategies and systems before it can reach a mature and optimized operational state. Overcoming these challenges is essential to capturing opportunities in this rapidly evolving space.
In conclusion, while we face substantial competition in AI, FinTech, and blockchain sectors, our strategic partnerships, deep market experience, and innovative technologies provide us with robust tools to meet these challenges head-on. Our commitment to ongoing improvement and market adaptability positions us to not just compete but lead in our chosen markets.
EMPLOYEES; IDENTIFICATION OF CERTAIN SIGNIFICANT EMPLOYEES.
We are a start-up company and currently have two employees: our president, Mr. Dapeng Ma, and our CEO, Mr. Yitian Xue, both were appointed as a director of the Company on May 15, 2023. Mr. Ma and Mr. Xue will jointly oversee the day-to-day operations of the company.
We intend to hire employees on an as needed basis.
INSURANCE
We do not maintain any insurance and do not intend to maintain insurance in the future. Because we do not have any insurance, if we had a party of a legal action, we may not have sufficient funds to defend the litigation. If that occurs a judgment could be rendered against us that could cause us to cease operations.
OFFICES
As of April 30, 2025, the Company’s principal executive office is located at 11264 Playa Court, Culver City, California 90230. Effective May 1, 2025, the Company relocated its principal executive office to 8275 S. Eastern Ave., Suite 200-#406, Las Vegas, Nevada 89123.
GOVERNMENT REGULATION
We will be required to comply with all regulations, rules and directives of governmental authorities and agencies applicable to our business in any jurisdiction which we would conduct activities. We do not believe that regulations will have a material impact on the way we conduct our business.
LEGAL PROCEEDINGS
There are no pending legal proceedings to which the Company is a party or in which any director, officer or affiliate of the Company, any owner of record or beneficially of more than 5% of any class of voting securities of the Company, or security holder is a party adverse to the Company or has a material interest adverse to the Company.
MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
Certain statements contained in this prospectus, including statements regarding the anticipated development and expansion of our business, our intent, belief or current expectations, primarily with respect to the future operating performance of the Company and the products we expect to offer and other statements contained herein regarding matters that are not historical facts, are “forward-looking” statements. Future filings with the Securities and Exchange Commission, future press releases and future oral or written statements made by us or with our approval, which are not statements of historical fact, may contain forward-looking statements, because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements.
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RESULTS OF OPERATIONS
As of the end of Q1 2025, Glidelogic has made $75 of revenue from the sale of ResearchMind’s report generating code.
Our financial statements have been prepared assuming that we will continue as a going concern and, accordingly, do not include adjustments relating to the recoverability and realization of assets and classification of liabilities that might be necessary should we be unable to continue in operation.
Currently efforts are focused on enhancing revenue generation based on the business plan detailed in this report. We expect we may require additional capital to meet our long-term operating requirements. We expect to raise additional capital through, among other things, the sale of equity.
LIQUIDITY AND CAPITAL RESOURCES
At April 30, 2025, our total assets were $16,207. Total assets were comprised of $13,399 in current assets and $2,808 in fixed assets.
At April 30, 2025, our current liabilities were $63,611 and our stockholders’ equity was ($47,404).
CASH FLOWS FROM OPERATING ACTIVITIES
For the three months ended April 30, 2025 net cash flows used from operating activities was $36,612.
For the three months ended April 30, 2024 net cash flows provided by operating activities was $29.
CASH FLOWS FROM INVESTING ACTIVITIES
For the three months ended April 30, 2025 we have generated $0 in investing activities.
For the three months ended April 30, 2024 we have generated $0 in investing activities.
CASH FLOWS FROM FINANCING ACTIVITIES
For the three months ended April 30, 2025 net cash flows provided by financing activities was $34,554.
For the three months ended April 30, 2024 net cash flows provided by financing activities was $665.
Our cash flow change in Q1 is an improvement from prior quarters but it still relied on the Company’s controlling shareholders and related party loans which were mostly paid off by the end of the fiscal quarter. Due to the passage of new legislation and the changing business environment in Brazil, the Company is transitioning into providing consulting services to cross-border e-commerce payment service providers. Additionally, the Company offers custom software development and white-label solution services.
In August 2023, the company effected a 25 to 1 forward stock split of its common stock that was applied retrospectively.
For FYE 2025, a total of 28 individuals have received 200 bonus shares each, amounting to an aggregate of 5,600 shares. The total cost basis of these shares is $4,756, determined based on the fair market value of the stock on the respective grant dates. This transaction was recognized as an expense on the income statement but did not impact the Company's cash flow, as it was a non-cash equity issuance. No service shares were issued during the first fiscal quarter, therefore as of April 30, 2025, there were a total of 66,599,350 shares of common stock issued and outstanding.
On April 16, 2025, Glidelogic GDLG has advanced from OTC PINK to OTCQB, the OTC Markets Group’s Venture Market tier. This upgrade is expected to enhance the Company's market visibility, improve liquidity, and increase investor confidence by meeting the higher reporting and governance standards required for OTCQB-listed companies. The uplisting marks an important step in Glidelogic’s growth strategy and aligns with its commitment to greater transparency and shareholder value.
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OFF-BALANCE SHEET ARRANGEMENTS
We have no off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources.
ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
None
ITEM 4. CONTROLS AND PROCEDURES
Our management is responsible for establishing and maintaining a system of disclosure controls and procedures (as defined in Rule 13a-15(e) and 15d-15(e) under the Exchange Act) that is designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the Commission’s rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by an issuer in the reports that it files or submits under the Exchange Act is accumulated and communicated to the issuer’s management, including its principal executive officer or officers and principal financial officer or officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.
An evaluation was conducted under the supervision and with the participation of our management of the effectiveness of the design and operation of our disclosure controls and procedures as of April 30, 2025. Based on that evaluation, our management concluded that our disclosure controls and procedures were not effective as of such date to ensure that information required to be disclosed in the reports that we file or submit under the Exchange Act, is recorded, processed, summarized and reported within the time periods specified in SEC rules and forms.
Changes in Internal Controls over Financial Reporting
There was no change in the Company’s internal control over financial reporting during the quarterly period covered by this report that has materially affected, or is reasonably likely to materially affect, the Company’s internal control over financial reporting.
PART II. OTHER INFORMATION
ITEM 1. LEGAL PROCEEDINGS
There are no pending legal proceedings to which the Company is a party or in which any director, officer or affiliate of the Company, any owner of record or beneficially of more than 5% of any class of voting securities of the Company, or security holder is a party adverse to the Company or has a material interest adverse to the Company.
ITEM 1A. RISK FACTORS
None
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
None
ITEM 3. DEFAULTS UPON SENIOR SECURITIES
None
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ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITIES HOLDERS
None
ITEM 5. OTHER INFORMATION
None
ITEM 6. EXHIBITS
The following exhibits are included as part of this report by reference:
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SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized in the City of Las Vegas, Nevada, on June 13, 2025.
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| By: | /s/ Yitian Xue | |
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| Name: | Yitian Xue |
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| Title: | Chief Executive Officer / Chief Financial Officer |
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