XML 20 R7.htm IDEA: XBRL DOCUMENT v3.20.2
Organization and Business Description
9 Months Ended
Sep. 30, 2020
Accounting Policies [Abstract]  
ORGANIZATION AND BUSINESS DESCRIPTION

NOTE 1 – ORGANIZATION AND BUSINESS DESCRIPTION


Logiq Inc (formerly known as Weyland Tech Inc) (the “Company”) is a global e-commerce, mCommerce, MArTech and Fintech enablement platform to empower Mobile users.


APPLogiq: Subscription-based, platform-as-a-service (“PaaS”) platform for users to create mobile apps to market, sell and deliver goods and services. APPLogiq offers a mobile presence to businesses in emerging markets, with partnerships on 3 continents and growing. This Do It Yourself (“DIY”) mobile application platform, offered in 14 languages with over 70 integrated modules, enables small and medium sized businesses (“SMBs”) to create native mobile applications (“apps”) for Apple’s iOS and Google Android without technical knowledge or background, empowering SMBs to increase sales, reach more customers and promote their products and services in an easy, affordable and efficient manner.


DATALogiq: MarTech AI-driven data engine captures and directs consumer intent to promote customers leads, engagement and monetary conversion for enterprises & brands.


In May 2018, the Company expanded its portfolio to fintech applications with the launch of its AtozPay mobile payments platform.


In the fall of 2019, the Company expanded its portfolio to short-distance food delivery service with the launch of AtozGo.


In January 2020, the Company, through its wholly-owned subsidiary, Logiq, Inc., also known as DATALogiq (formerly known as Origin8, Inc.) (“DATALogiq”), completed the acquisition of substantially all of the assets of Push Holdings, Inc. DATALogiq operates a consumer data management platform powered by lead generation, online marketing, and multichannel reengagement strategies through its owned and operated brands. DATALogiq has developed a proprietary data management platform and integrated with several third-party service providers to optimize the return on its marketing efforts. DATALogiq focuses on consumer engagement and enrichment to maximize its return on acquisition through repeat monetization of each consumer. DATALogiq also licenses its software technology and provides managed technology services to various other e-commerce companies. DATALogiq is located in Minneapolis, Minnesota, USA.


The Company has rebranded its corporate name and logo to Logiq Inc. by amending the Delaware Certificate of Incorporation, filed form 8-K with the Securities and Exchange Commission on August 6, 2020 and has changed its ticker to “LGIQ”. The name change and ticker symbol change were approved by FINRA.


The accompanying unaudited consolidated financial statements include the financial position of the Company and its wholly owned subsidiary, DATALogiq, as of September 30, 2020, and the results of operations, changes in stockholders’ equity (deficit), and cash flows for the nine-month period ended September 30, 2020.