OTC: ANKM
Ankam, Inc.CIK 0001781629 · SIC 7371 · Computer Programming & Data Processing
Ankam, Inc. (the “Company”) was incorporated in August 2018 under the laws of the State of Nevada. Ankam, Inc. operates as a technology company specializing in the development of two mobile applications. About this business →
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Latest financial statements
From 10-Q filed Oct 14, 2026 (period ending Aug 31, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Consolidated Statements of Operations (Unaudited)
| Description | For three months ended August 31, 2026 | For three months ended August 31, 2025 | For nine months ended August 31, 2026 | For nine months ended August 31, 2025 |
|---|---|---|---|---|
| REVENUE | – | – | 44,900 | 240,000 |
| Cost | – | 4,900 | – | 107,900 |
| Gross Profit | – | (4,900) | 44,900 | 132,100 |
| EXPENSES: | ||||
| General and administrative expenses | 9,120 | 71 | 15,166 | 1,733 |
| Director fee | 54,429 | – | 108,000 | – |
| Professional fees | 6,789 | 10,971 | 159,499 | 11,903 |
| Server expense | 31,479 | 31,479 | 94,437 | 94,437 |
| Amortization | 10,950 | 13,170 | 37,242 | 39,511 |
| Total expenses | 112,767 | 55,691 | 414,344 | 147,584 |
| LOSS FROM OPERATIONS | (112,767) | (60,591) | (369,444) | (15,484) |
| OTHER INCOME (EXPENSES): | ||||
| Interest Income | – | – | 105 | – |
| Debt Forgiveness | – | 31 | – | 31 |
| Exchange Gain or Loss | 3 | 8 | (17) | 8 |
| Total Other Income | 3 | 39 | 88 | 39 |
| Income (Loss) before income taxes | (112,764) | (60,551) | (369,356) | (15,445) |
| Provision for income taxes | – | – | – | – |
| NET INCOME (LOSS) | (112,764) | (60,551) | (369,356) | (15,445) |
| Net loss per common share basic | (0.02) | (0.01) | (0.08) | (0.003) |
| Weighted average number of common shares outstanding basic and diluted | 4,558,063 | 4,558,063 | 4,558,063 | 4,558,063 |
Consolidated Balance Sheets
| Description | August 31, 2026 | November 30, 2025 |
|---|---|---|
| ASSETS | ||
| CURRENT ASSETS: | ||
| Cash | 8,321 | 131,710 |
| Total current assets | 8,321 | 131,710 |
| Capitalized software costs, net | 14,600 | 51,842 |
| TOTAL ASSETS | 22,921 | 183,552 |
| LIABILITIES AND STOCKHOLDERS’ DEFICIT | ||
| CURRENT LIABILITIES: | ||
| Accounts payable and accrued expenses | 221,832 | 127,395 |
| Amount due to director | 561,706 | 447,418 |
| Total current liabilities | 783,538 | 574,813 |
| Total liabilities | 783,538 | 574,813 |
| Commitments and contingencies (Note 8) | ||
| STOCKHOLDERS’ DEFICIT: | ||
| Common stock: $0.001 par value, 75,000,000 shares authorized, 4,558,063 shares issued and outstanding | 4,558 | 4,558 |
| Additional paid in capital | 169,072 | 169,072 |
| Accumulated deficit | (934,247) | (564,891) |
| Total stockholders’ deficit | (760,617) | (391,261) |
| TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT | 22,921 | 183,552 |
Consolidated Statements of Cash Flows (Unaudited)
| Description | Nine months ended August 31, 2026 | Nine months ended August 31, 2025 |
|---|---|---|
| Cash Flows from Operating Activities: | ||
| Net loss | (369,356) | (15,445) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | ||
| Amortization expense | 37,242 | 39,511 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | – | (55,000) |
| Prepaid expenses | – | (42,000) |
| Accounts payable and accrued expenses | 94,437 | 96,437 |
| Deferred revenue | – | 20,000 |
| Net cash used in operating activities | (237,677) | 43,503 |
| Cash Flow from Investing Activities: | ||
| Capitalized Software Costs | – | – |
| Net cash provided by (used in) investing activities | – | – |
| Cash Flows from Financing Activities: | ||
| Related party activity, net | 114,288 | (19,793) |
| Net cash provided by financing activities | 114,288 | (19,793) |
| NET CHANGE IN CASH | (123,389) | 23,710 |
| CASH AT BEGINNING OF THE PERIOD | 131,710 | 57 |
| CASH AT THE END OF THE PERIOD | 8,321 | 23,767 |
| SUPPLEMENTAL CASH FLOW INFORMATION: | ||
| Cash paid for interest | – | – |
| Cash paid for income taxes | – | – |
Amounts as printed on the EDGAR/iXBRL face. Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗
About Ankam, Inc.
Source: Item 1 (Business) from the 10-K filed March 17, 2026. Description as filed by the company with the SEC.
Item 1. Business.
Business Strategy
Ankam, Inc. (the “Company”) was incorporated
in August 2018 under the laws of the State of Nevada. Ankam, Inc. operates as a technology company specializing in the development of
two mobile applications.
The Company’s business lies in possessing and
developing Expense Minder, a proprietary product designed to streamline and manage expense reporting for users. The Company conceptualizes
and is constructing an application that facilitates a user’s expense management. Our focus extends to designing and developing a
mobile application designed to streamline and automate the tZracking, and submission of user’s expenses. The application will feature
categorization of expenses, saving goals, bill reminders, and customizable categories.
On November 29, 2023, Ankam, Inc. entered into a material
definitive agreement by establishing a wholly-owned subsidiary, Ankam LLC. Ankam LLC was organized in Wyoming and is authorized to engage
in any legal act. On November 30, 2023, the Company completed the transfer of all operations associated with the business of MoneySaverApp
to its wholly-owned subsidiary, Ankam LLC. The assets transferred included 100% of the ownership interests of MoneySaverApp and all operations
associated with the MoneySaverApp. Ankam LLC is managed by Ankam, Inc. who holds the position of Manager of the Ankam LLC and owned in
its entirety by the Company. The Company holds 100% ownership interest in the Ankam LLC and is duly authorized to oversee and execute
its operational activities.
Read full description ↓
On January 3, 2024, Ankam, Inc. entered into the Acquisition
Agreement for the acquisition of complete ownership of Apex Intelligence LLC, a Wyoming limited liability company, inclusive of the Apex,
a currency converter service, along with all codes, licenses, intellectual property rights, related documentation and all activities related
to the business of the Apex, for total consideration of $158,040. The initial payment of $20,000 was processed to Mr. Hordieiev on January
3, 2024. For the outstanding balance of $138,040 the Company issued a Promissory Note on January 3, 2024 with an annual interest rate
of 10% for a duration of one year till January 3, 2025 (the “Closing Date”) with the obligation to issue common shares equivalent
to the remaining balance if the Company fails to settle the outstanding balance by the Closing Date. The Company signed a Supplement to
the Convertible Promissory Note dated January 9, 2024, establishing the conversion price at a per-share value of $0.60.
On July 29, 2024, Ankam, Inc. and Maksym Hordieiev,
the holder of the Convertible Promissory Note (the “Holder”) signed a Supplementary Agreement regarding the repayment of the
outstanding debt of $138,040. And the Company approved the issuance of shares of its common stock to the Holder in exchange for the repayment
of $138,040 of outstanding debt. This decision was made in accordance with the terms of the Convertible Promissory Note dated January
3, 2024, and the Supplement to Promissory Note dated January 9, 2024. The conversion price for the shares is set at $0.60 per share, resulting
in the issuance of 230,067 shares of common stock to the Holder. The shares are being issued in reliance on the exemption from registration
provided by Section 4(a)(2) of the Securities Act of 1933, as amended. The shares of common stock have not been registered under the Securities
Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
On August 8, 2024, a group of investors led by Wang
Wen Lung, Lin Chih Hsi, Kuo Yu Min, Sung Hsiang Yu, Wang Pao Kuei and Wang Pao Hua (the “Investor Group”) entered into stock
purchase agreements for the acquisition of an aggregate of 3,480,067 shares of Common Stock of the Company and acquired a controlling
77% equity stake in ANKAM Inc (the “Company”) through a privately negotiated transaction. The Purchase Agreement was fully
executed and delivered, and the transaction was consummated on August 12, 2024.
As of August 8, 2024, Bakur Kalichava, the President,
Treasurer, Director and Secretary of ANKAM INC. (the “Company”), is no longer holding the positions. Mr. Kalichava’s
decision to resign is not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies,
or practices. The Board of the Company appointed Wang Wen Lung as the President, Treasurer, Director and Secretary, effective on August
8, 2024.
1
On August 27, 2024, Ankam Inc. (the “Company”)
incorporated a new subsidiary, Mei Sheng Corporation Limited 美盛全球有限公司.
This subsidiary mainly focus on expanding the Company’s presence
in the Asian market, particularly in Hong Kong, Taiwan and surrounding regions. The establishment of Mei Sheng Corporation Limited is
part of the Company’s strategic initiative to diversify its operations
and improve market reach. On August 30, 2024, Mei Sheng Corporation Limited entered into a software application development agreement
with a Taiwan company, Consummation International Business Co., Ltd, for the development of a health products sales platform.
Cancellation of the CB arrangement MOU
On September 17, 2024, Ankam Inc. (the “Company”)
entered into a Memorandum of Understanding (the “MOU”) with Hatcher Opportunities Limited Partnership Fund (the “Lender”),
a limited partner fund registered in Hong Kong. Under the terms of the MOU, the Company intends to issue a convertible note (the “Convertible
Note”) to the Lender in the principal amount of $500,000.
Key Terms of the Proposed Convertible Note:
Principal Amount: US$ 500,000
Coupon: US$ 20,000
Conversion Price: US$ 8.00 per share of Ankam Inc.
Maturity Date: December 31, 2024
Number of Shares upon Conversion: 65,000 shares
The proposed Convertible Note can only be exercised
by the Lender on the maturity date. If the Lender exercises this conversion right, the principal amount of the Convertible Note shall
be waived upon conversion into shares of Ankam Inc. at the conversion price of $8.00 per share.
On November 29, 2024, the company cancelled the MOU
arrangement.
Marketing
The Company aims to build awareness and generate interest
in Expense Minder and MoneySaverApp among potential users. Digital marketing strategies will be employed to enhance online visibility,
utilizing targeted campaigns and partnerships to create anticipation for the applications. App store optimization efforts will focus on
maximizing visibility and credibility within the online marketplace. As the user base grows, cross-promotion between the applications
will be employed to capitalize on synergies and foster internal user engagement. This marketing approach aligns with Ankam, Inc.’s
commitment to innovation and user-centric solutions, laying the groundwork for future client acquisition and sustained growth.
Advertising
Ankam, Inc. envisions a future where strategic advertising
initiatives play a significant role in establishing a robust market presence for its mobile applications, Expense Minder and MoneySaverApp.
As the Company proceeds to develop these products, the focus on targeted online and potential offline advertising channels will be integral
to creating brand awareness and driving interest. This forward-looking advertising strategy aims to position Ankam, Inc.’s applications
effectively in the competitive landscape, paving the way for future user acquisition and sustained success. It is important to note that
the implementation of these advertising initiatives will be contingent upon the availability of funds, and as more funds become available,
the advertising budget will increase in a commensurate manner.
Employees
The Company's current Board Members include Wen
Lung, WANG (Director, Chief Executive Officer, Chief Financial Officer, Treasurer and Secretary), as well as three directors appointed
in February 2026: Mr. Lau Pak Kin Patric (Non-Executive Director), Mr. Wang Sheng Horng (Executive Director), and Ms. Huang Yu Liang (Executive
Director). Please refer to Item 11 for details regarding executive compensation.
2
Description of Property
Our current office space is located at 5F., No. 97,
Jingye 1st Rd., Zhongshan Dist., Taipei City 104, Taiwan (R.O.C.). The premises are provided to us by our President, Wen Lung, WANG, for
no consideration and is a ‘home office’. We believe these facilities are in good condition, but that we may need to expand
our space as our research and development efforts increase.