OTC: LDXC
Londax Corp.CIK 0001985554 · SIC 7371 · Computer Programming & Data Processing
Londax Corp. was incorporated in Wyoming on May 19, 2023. During the fiscal year ended May 31, 2026, the Company continued to operate as a development-stage technology company focused on IT consulting services and software development solutions. The Company’s historical principal product,… About this business →
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Latest financial statements
From 10-Q filed Oct 15, 2026 (period ending Aug 31, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Condensed Statements of Operations (Unaudited)
| Description | Three months ended August 31, 2026 | Three months ended August 31, 2025 |
|---|---|---|
| Income: | ||
| Net income | – | 3,107 |
| Cost of goods sold | – | – |
| Total Income | – | 3,107 |
| General and Administrative Expenses: | ||
| Amortization & depreciation | – | 6,257 |
| General and administrative expenses | – | 151 |
| Professional fees | 368,547 | 8,440 |
| Total General and Administrative Expenses | 368,547 | 14,848 |
| Loss from Operations | (368,547) | (11,741) |
| Other Expense: | ||
| Other income/expenses | – | – |
| Interest expense, net | – | (202) |
| Total Other Expense | – | (202) |
| Net Loss | (368,547) | (11,943) |
| Basic and Diluted Loss Per Share | (0.07) | (0.01) |
| Basic and Diluted Weighted Average Number of Common Shares Outstanding | 5,350,000 | 2,231,135 |
Condensed Balance Sheets (Unaudited)
| Description | August 31, 2026 | May 31, 2026 |
|---|---|---|
| ASSETS | ||
| Current Assets: | ||
| Cash | – | – |
| Prepaid legal fees | – | 6,675 |
| Total Current Assets | – | 6,675 |
| Other Assets | ||
| Fixed Assets, Net | – | – |
| Mobile App, Net | – | 13,913 |
| Software Development Costs, Net | – | 17,331 |
| Website | – | 6,428 |
| Total Other Assets | – | 37,672 |
| TOTAL ASSETS | – | 44,347 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current Liabilities: | ||
| Accounts payable | 970 | 996 |
| Deferred revenue | – | 5,298 |
| Related party loans | 15,804 | 37,741 |
| Total Current Liabilities | 16,774 | 44,035 |
| Total Liabilities | 16,774 | 44,035 |
| Stockholders’ Equity: | ||
| Common stock | 5,350 | 2,231 |
| Additional paid-in capital | 387,045 | 38,703 |
| Accumulated deficit | (409,169) | (40,622) |
| Total Equity | (16,774) | 312 |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | – | 44,347 |
Condensed Statements of Cash Flows (Unaudited)
| Description | Three months ended August 31, 2026 | Three months ended August 31, 2025 |
|---|---|---|
| Net loss | (368,547) | (11,943) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Amortization and depreciation | – | 6,257 |
| Project-in process | – | – |
| Accounts payable | (26) | (10,832) |
| Deferred income | – | – |
| Related party debt | 15,804 | 30,514 |
| Net cash used in operating activities | (352,769) | 13,996 |
| Cash Flows from Investing Activities: | ||
| Net cash from investing activities | – | – |
| Cash Flows from Financing Activities: | ||
| Share issuance for debt related party | 2,769 | – |
| S-8 share issuance for services | 350,000 | – |
| Net cash provided by (used in) financing activities | 352,769 | – |
| Net increase (decrease) in cash | – | 13,996 |
| Cash and restricted cash at beginning of period | – | 10,606 |
| Cash and restricted cash at end of period | – | 24,602 |
| Supplemental Disclosure of Cash Flow Information: | ||
| Cash paid during year for: | ||
| Interest | – | – |
| 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 Londax Corp.
Source: Item 1 (Business) from the 10-K filed September 15, 2026. Description as filed by the company with the SEC.
Item 1. Business
Overview and Historical Business
Londax Corp. was incorporated in Wyoming on May
19, 2023. During the fiscal year ended May 31, 2026, the Company continued to operate as a development-stage technology company focused
on IT consulting services and software development solutions. The Company’s historical principal product, londax.ai, includes customer
relationship management, applicant tracking, recruiting workflow and out-staffing functionality. The Company has also developed websites,
mobile applications, a CRM platform and an Interview Kit Generator program.
During the fiscal year, the Company’s principal
executive office was located in Limassol, Cyprus. Following the fiscal year-end and the change in control described below, the Company
relocated its principal executive offices and corporate books and records to 201 E. Fifth Street, Suite 1900, Cincinnati, Ohio 45202.
Products and Technology
The Company’s technology has historically
been delivered through web and mobile applications. Its CRM and recruiting workflow tools were designed to assist customers with job postings,
applicant management, hiring stages, employee profiles and related workforce functions. The Company has used third-party cloud and software
providers in connection with hosting and application functionality. Prior Company disclosures identified use of the OpenAI API for certain
advertisement-generation functionality.
As of February 28, 2026, the Company’s capitalized
intangible assets included website development, mobile application development, CRM platform development and its Interview Kit Generator
program. The Company historically estimated a three-year useful life for these technology assets, subject to continued testing and improvement.
The May 31, 2026 balances and useful-life disclosures are reflected in the audited financial statements included in Item 8.
Read full description ↓
Historical Revenue Model
The Company’s historical business plan contemplated
revenue from software subscriptions, customization, data migration, training and consulting, integration, maintenance and support, and
software upgrades and add-ons.
Fiscal 2026 Operating Results — Audited Results
The Company’s audited financial statements
report fiscal 2026 revenue of $28,323, compared with $66,410 of revenue in fiscal 2025.
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Strategic Transition After Fiscal Year-End
Following May 31, 2026, the Company underwent
a change in control. On July 13, 2026, Alpha Investment Inc. completed the acquisition of 2,002,035 shares of the Company’s common
stock. The transaction resulted in Alpha becoming the Company’s controlling shareholder. Transaction documents contemplated an aggregate
purchase price of $700,000 for the broader share-purchase transaction.
In connection with the transition, Jon S. Cummings
IV became the Company’s Chief Executive Officer, Treasurer, Secretary and sole director, and the Company relocated its principal
executive offices to Cincinnati, Ohio. The Company is evaluating a strategic transition toward AI and digital infrastructure opportunities,
including the potential development, financing, ownership and operation of power-intensive data-center and related infrastructure projects.
These initiatives remain in planning and feasibility stages and are subject to site availability, power and utility validation, financing,
permitting, regulatory approvals, commercial negotiations and definitive agreements.
On July 22, 2026, the Company filed an amendment
to its Articles of Incorporation with the Wyoming Secretary of State relating to a corporate name change. The related FINRA and market-system
corporate-action process remains pending. The Company’s common stock continues to be quoted under the symbol LDXC pending completion
of that process.
Employees
As of May 31, 2026, the company has no employees.
Competition
The Company’s historical software business
operates in highly competitive markets that include established CRM, recruiting, applicant-tracking and workforce-management providers,
as well as smaller software developers. The Company’s prospective AI and digital infrastructure strategy, if implemented, would
compete with developers, infrastructure funds, utilities, hyperscale data-center operators, technology companies and other providers of
large-scale digital infrastructure. Many competitors have substantially greater financial, technical, operational and customer resources
than the Company.
Government Regulation
The Company’s historical technology operations
may be subject to privacy, data protection, cybersecurity, intellectual-property, consumer-protection, e-commerce, tax, sanctions, export-control
and other laws and regulations. Prospective digital-infrastructure activities may additionally be subject to land-use, environmental,
energy, utility, construction, permitting, financing and related regulation.
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