$LDXC · Londax Corp.
Londax Corp. filed its FY2026 10-K for the year ended May 31, 2026. Revenue fell 57.3% to $28,323 from $66,410. The company had $0 cash, an accumulated deficit of $40,622, and current liabilities of $44,035. Auditors flagged going-concern doubt. A material weakness was disclosed: the CEO alone initiates, reviews, and approves related-party transactions with no segregation of duties. Post-year-end, Alpha Investment acquired control for $700,000, new management was installed, and the company is evaluating a pivot to AI and data-center infrastructure.
- Revenue collapsed 57.3% to $28,323 in FY2026 from $66,410 in FY2025.
- Company had $0 cash at May 31, 2026, with current liabilities of $44,035 and an accumulated deficit of $40,622.
- Auditors include going-concern disclosure — substantial doubt about ability to continue without additional financing.
- Material weakness disclosed: CEO is sole person initiating, reviewing, and approving related-party and non-routine transactions.
- Post-year-end change in control: Alpha Investment acquired 2,002,035 shares for $700,000; new CEO installed; pivot to AI/data-center infra.
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A micro-cap with virtually no revenue, no cash, a going-concern flag, and a material weakness is attempting a post-change-of-control pivot into capital-intensive AI infrastructure — an extreme risk/re
Londax is a micro-cap development-stage company with negligible revenue, now attempting a post-change-of-control pivot from IT consulting to AI/digital infrastructure — a capital-intensive sector dominated by hyperscalers and well-funded competitors.
Going-concern uncertainty: no cash, $44,035 in current liabilities, accumulated deficit of $40,622. Material weakness in internal controls — CEO has sole authority over related-party transactions with no segregation of duties. Strategic pivot to capital-intensive AI/data-center infrastructure is unf
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