OTC: ELVX
Elventix Technology CorpCIK 0002076765 · SIC 7374 · Computer Processing & Data Preparation
Elventix Technology Corporation ("Elventix ", the "Company", "we", "us" or "our") was incorporated under the laws of the State of Wyoming, U.S. on March 4, 2025 (Inception). The Company is an early-stage technology company focused on the development and commercialization of "Smarterest," a mobile… 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.
Statements of Operations (Unaudited)
| Description | Three months ended August 31, 2026 | Three months ended August 31, 2025 |
|---|---|---|
| Revenues | 32,196 | - |
| Total Revenues | 32,196 | - |
| Operating Expenses | ||
| Amortization expense | 16,009 | 10,627 |
| Professional fees | 14,473 | 8,526 |
| Server rental | 8,400 | - |
| Research and development expense | 5,040 | - |
| Dues and subscriptions | 87 | - |
| Bank service charges | 15 | 76 |
| Total Operating Expenses | 44,024 | 19,229 |
| Net loss from operations | (11,828) | (19,229) |
| Other income (expense) | - | - |
| Provision for income taxes | - | - |
| Net Loss | (11,828) | (19,229) |
| Net loss per common share basic and diluted | (0.00) | (0.00) |
| Weighted average number of common shares outstanding basic and diluted | 5,797,500 | 4,500,000 |
Balance Sheets
| Description | August 31, 2026 (Unaudited) | May 31, 2026 (Audited) |
|---|---|---|
| Cash and cash equivalents | 630 | 1,421 |
| Prepaid expenses | 18,400 | 14,000 |
| Total Current Assets | 19,030 | 15,421 |
| Other Assets | ||
| Intangible assets, net | 259,553 | 239,922 |
| Total Other Assets | 259,553 | 239,922 |
| TOTAL ASSETS | 278,583 | 255,343 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) | ||
| Current Liabilities | ||
| Accounts payable | 347 | 199 |
| Deferred revenue | 28,810 | 18,090 |
| Promissory note payable | 163,000 | 163,000 |
| Total Current Liabilities | 192,157 | 181,289 |
| Long-Term Liabilities | ||
| Related party loan payable | 163,584 | 139,384 |
| Total Long-Term Liabilities | 163,584 | 139,384 |
| Total Liabilities | 355,741 | 320,673 |
| Commitments and contingencies (Note 6) | ||
| Stockholders’ Equity (Deficit) | ||
| Common stock, $0.001 par value; 75,000,000 shares authorized; 5,797,500 shares issued and outstanding as of August 31, 2026 and May 31, 2026 | 5,798 | 5,798 |
| Additional paid-in capital | 37,627 | 37,627 |
| Accumulated deficit | (120,583) | (108,755) |
| Total Stockholders’ Equity (Deficit) | (77,158) | (65,330) |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) | 278,583 | 255,343 |
Statements of Cash Flows (Unaudited)
| Description | Three months ended August 31, 2026 | Three months ended August 31, 2025 |
|---|---|---|
| Net loss | (11,828) | (19,229) |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | ||
| Amortization | 16,009 | 10,627 |
| Changes in operating assets and liabilities: | ||
| Increase in prepaid expenses | (4,400) | - |
| Increase in accounts payable | 148 | - |
| Increase in deferred revenue | 10,720 | - |
| Net cash provided by (used in) operating activities | 10,649 | (8,602) |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Capitalized API development costs | (35,640) | - |
| Capitalized website development costs | - | (15,300) |
| Net cash used in investing activities | (35,640) | (15,300) |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Proceeds from related party loan payable | 24,200 | 21,805 |
| Net cash provided by financing activities | 24,200 | 21,805 |
| NET DECREASE IN CASH | (791) | (2,097) |
| CASH, BEGINNING OF PERIOD | 1,421 | 2,500 |
| CASH, END OF PERIOD | 630 | 403 |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | ||
| Cash paid for interest | - | - |
| Cash paid for income taxes | - | - |
| Expenses and vendor payables paid directly by related party on behalf of the Company (included in proceeds from related party loan payable) | 24,200 | - |
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 Elventix Technology Corp
Source: Item 1 (Business) from the 10-K filed August 31, 2026. Description as filed by the company with the SEC.
Item 1. Business.
General
Elventix Technology Corporation ("Elventix
", the "Company", "we", "us" or "our") was incorporated under the laws of the State of Wyoming,
U.S. on March 4, 2025 (Inception). The Company is an early-stage technology company focused on the development and commercialization of
"Smarterest," a mobile news aggregation and content-curation application. The application is designed to aggregate and deliver
current news content, with functionality supporting personalized information delivery.
In addition, the Company offers subscription-based
access to an API that provides a selection of news sources, which are personalized and filtered. The Company's objective is to improve
access to timely and relevant information while minimizing non-essential or excessive content. The API is designed to integrate into third-party
platforms and workflows, providing structured, standardized and continuously updated access to news content.
During the fiscal year ended May 31, 2026 the
Company recorded its first revenues of $3,359 from software and API sales, and recorded deferred revenue of $18,090 in respect of subscription
periods that had not elapsed as of May 31, 2026.
Corporate Organization
The Company was formed as a Wyoming corporation.
On May 15, 2025, the Company entered into an Application Sale Agreement with Smarterest Incorporated to acquire the "Smarterest"
mobile application in full, including the underlying source code and all associated intellectual property rights. The acquisition was
financed through a Promissory Note executed on the same date, later amended on November 13, 2025 to correct a reference and extend the
maturity date to December 31, 2025. On December 31, 2025, Smarterest Incorporated assigned all of its rights, title and interest under
the Promissory Note, including the outstanding principal amount of approximately $163,000, to 360 DIGITAL LLC. The Company received formal
notice of the assignment and, following such notice, all payments under the Promissory Note are payable to 360 DIGITAL LLC. The assignment
does not alter or discharge the Company's obligations under the Promissory Note, which remain in full force and effect. Following second
amendment to Promissory Note signed on December 31, 2025, the maturity date was extended from December 31, 2025 to November 14, 2026.
Read full description ↓
The Company owns the Smarterest application
and holds all exclusive, irrevocable rights to modify, develop, commercialize and license the technology. The Company's current principal
address is Avinguda de Blondel, 21, 25002 Lleida, Spain.
Development Activities During the Fiscal Year
During the fiscal year ended May 31, 2026 the
Company continued to build out the product. The Company capitalized website development costs of $25,200, of which $16,800 was placed
in service in October 2025 and an $8,400 enhancement was placed in service in May 2026, and capitalized software refactoring and optimization
costs of $50,395, which were placed in service in March 2026. The Company also incurred $5,500 of research and development expense, $16,800
of server rental expense and $5,600 of website support expense during the year.
Competitive Strengths
Comprehensive intellectual property ownership.
The Company acquired full ownership of the Smarterest source code and all associated intellectual property rights, including derivative
works, branding and future enhancements, which allows the Company to expand and commercialize the platform without licensing restrictions.
Multi-platform accessibility. The application
is planned to be compatible with both Android and iOS devices, allowing broad user reach without additional platform integration costs.
Feature expansion capability. The Company plans
to incorporate offline reading functionality, allowing users to download news articles and access content without an internet connection.
Flexible monetization model. The Company has
already established its initial revenue channel through subscription-based access to an API. As development progresses, management intends
to layer additional revenue streams upon the public launch of the mobile application, including multi-tiered consumer subscriptions and
digital advertising.
Growth Strategies
The Company plans to enhance the existing
codebase with the goal of releasing further versions of the "Smarterest" application on the App Store and Google Play
Store. The Company intends to expand its market presence and user base both domestically and internationally, and to continue
investing in technology and innovation to improve content personalization, expand content offerings, enhance user experience and
optimize monetization strategies.
In the near term, the Company will focus on
user acquisition, engagement and strategic partnerships to broaden content offerings. Over the medium term, the Company plans to pursue
international expansion, localization and the application of emerging technologies, including artificial intelligence and machine learning.
Over the long term, the Company aims to diversify revenue streams, expand into multimedia content, enhance AI-driven personalization and
strengthen social and community features.
4
Competition
The market for news aggregation applications
and content APIs is highly competitive and includes large, well-established platform operators as well as numerous smaller applications.
Many of our competitors have substantially greater financial, technical and marketing resources than we do, longer operating histories,
larger user bases and greater brand recognition. We expect competition to intensify.
Government Regulation
As a digital content aggregator and mobile application
provider, the Company is subject to various legal and regulatory considerations, including intellectual property laws governing source
code, trademarks and digital content; data privacy and protection laws applicable to user information; app store policies established
by Apple and Google; potential AI-related regulatory frameworks as they evolve; and digital advertising and consumer protection standards.
To date, the Company has not encountered regulatory barriers that would prevent its development activities; however, future regulatory
changes may require modifications to business practices, software architecture or data storage protocols.
Employees
As of May 31, 2026, the Company does not have
any full-time employees under employment agreements. The Company relies on technology consultants and third-party development firms for
engineering, design, testing and administrative functions. The Company's board consists of Tallis Mateus Da Silva, who holds the positions
of President, Director, Treasurer and Secretary, and Jose Alejandro Bejarano Velasquez, Director.
Available Information
Our website address is elventix.com. We file
annual, quarterly and current reports and other information with the SEC. The SEC maintains an internet site at www.sec.gov that contains
reports and other information regarding issuers that file electronically with the SEC.