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10. SUBSEQUENT EVENTS
12 Months Ended
Jan. 31, 2025
Notes  
10. SUBSEQUENT EVENTS

10.  SUBSEQUENT EVENTS 

 

In accordance with ASC 855, “Subsequent Events”, the Company has analyzed its operations subsequent to January 31, 2025, through April 25, 2025. The Company has determined that it incurred the following loan-related activities after January 31, 2025:

 

On February 12, 2025, Mr. Dapeng Ma provided a $2,000 loan to the Company then another $200 on April 22, 2025 via bank transfer, increasing the Company's Loan Payable to Mr. Ma to $7,200.

 

On February 20 and February 24, 2025, the Company made partial repayments totaling $1,720 to Mr. Yitian Xue, then on March 17, 2025, Mr. Xue paid a $7,500 business expense on Glidelogic’s behalf, followed by a bank transfer of $200 to Glidelogic on March 18. On April 1, April 9, and April 10, Mr. Xue paid general marketing cost on the Company’s behalf totaling $1,350. Furthermore, on April 14, Mr. Xue paid $16,045 including bank wire fee on behalf of the Company for its OTCQB Annual fee, followed by $500 paid for Glidelogic’s press release on April 21, 2025, and $7,500 paid for Glidelogic’s business expense on April 22, 2025, increasing the Company’s Loan Payable to Mr. Xue to $48,507.

 

On February 28, 2025, Streamline transferred $100, then another transfer of $600 to Glidelogic on March 18, 2025 to support its operations, resulting in a Loan Payable to Streamline of $700.

 

On February 1, 2025, Glidelogic executed separate Loan Agreement Amendments with Star Success Business, Streamline, Dapeng Ma, and Yitian Xue, 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.

 

Additionally, 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.