Company: LAAI
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001683168-25-003680
Chunk: 7

Company: Loan Artificial Intelligence Corp.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 7
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 Standards Codification. Basic net loss per common share is computed by dividing net loss)
by the weighted average number of shares of common stock outstanding during the period. Diluted net loss) per common share is computed
by dividing net income (loss) by the weighted average number of shares of common stock and potentially outstanding shares of common stock
during the period. The weighted average number of common shares outstanding and potentially outstanding common shares assumes that the
Company incorporated as of the beginning of the first period presented.

For the three months ended March 31, 2025, the
300,000,000 potentially dilutive shares of common stock from the Series D preferred stock.

For periods when the Company incurred net losses,
the dilutive shares were excluded in the denominator of the diluted earnings per share calculation as the inclusion of such shares would
have been anti-dilutive given the net loss recorded for the period.

Recent Accounting Pronouncements

The Company has implemented all applicable accounting
pronouncements that are in effect. These pronouncements did not have any material impact on the audited financial statements unless otherwise
disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have
a material impact on its audited financial position or results of operations.

NOTE 3 – GOING CONCERN

The accompanying audited financial statements
have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal
course of business. The Company has no revenue and has an accumulated deficit as of March 31, 2025. The Company requires capital for its
contemplated operational and marketing activities. The Company’s ability to raise additional capital through the future issuances
of common stock is unknown. The obtainment of additional financing, the successful development of the Company’s contemplated plan
of operations, and its transition, ultimately, to the attainment of profitable operations are necessary for the Company to continue operations.
These conditions and the ability to successfully resolve these factors raise substantial doubt about the Company’s ability to continue
as a going concern. The audited financial statements of the Company do not include any adjustments that may result from the outcome of
these uncertainties.

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NOTE 4 – EQUITY

Preferred Stock 

On August 25, 2023, a change in control of the
Company occurred by virtue of the Company’s largest shareholder sold 300,000 shares of the Convertible Series D Preferred Stock and issued