Company: GLEI
Filing Date: 2025-08-26
Form Type: 10-Q
Source: 0001139020-25-000273
Chunk: 15

Company: Galaxy Enterprises Inc. /WY/
Filing Date: 2025-08-26
Form: 10-Q
Item: Part I, Item 2
Chunk 15
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 that we will be able to charge higher rates for our services in these sectors because they tend to generate relatively higher profit margins for owners and often require significant professional management and advice due to the large scale of construction and operations.

In order to reach our target market sectors, we intend to rely upon the real estate and other business relationships that our directors have established in the Las Vegas area and also focus our marketing efforts on our Internet presence, electronic brochures, and as our business develops, print media advertising. We believe that social media tools are critically important to building our brand and awareness of our business and will focus on online video advertising, client testimonials, and virtual tours of available properties that we manage. We also intend to select and place advertising on those social media platforms that will be effective in reaching our target clients.

Results of Operations for the Nine months ended April 30, 2024 and 2023

Our net loss for the nine-month period ended April 30, 2024 and 2023 was $10,978 and $7,621, respectively, which consisted entirely of general and administrative fees. We did not generate any revenue to date.

LIQUIDITY AND CAPITAL RESOURCES

As at April 30, 2024, our current assets were $15,668 compared to $15,758 as of July 31, 2023. The decrease in current assets in the current fiscal year is due to use of cash to pay ordinary business expenses.

As at April 30, 2024, our liabilities were $30,026 compared to $19,138 at July 31, 2023, which comprised entirely of accounts payable and accrued liabilities. The increase in liabilities in the current fiscal year is due to accruing for accounting and professional fees.

We expect we will require additional capital to meet our long-term operating requirements. We expect to raise additional capital through, among other methods, the sale of equity or debt securities.

Cash Flows from Operating Activities

For the nine-month period ended April 30, 2024, net cash flows generated from operating activities were $90 consisting of a net loss of $10,978, which was offset by non-cash components of accounts payable and accrued liabilities of $10,888 from the accrual of the accounting and professional fees.

4

Cash Flows from Investing Activities

For the period ended April 30, 2024, we did not generate or use cash flows in relation to investing activities.

Cash Flows from Financing Activities

For the