Company: LAAI
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001683168-25-006093
Chunk: 19

Company: Loan Artificial Intelligence Corp.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 19
---
 constraints, and the benefits of controls must be considered relative to their cost.

c) Changes in Internal Control over Financial
Reporting

During the six months ended June 30, 2025, there
were no changes in our internal controls over financial reporting, which were identified in connection with our management’s evaluation
required by paragraph (d) of rules 13a-15 and 15d-15 under the Exchange Act, that materially affected, or is reasonably likely to have
a material effect on our internal control over financial reporting.

 17 

PART II OTHER INFORMATION

Item 1. Legal Proceedings

We are not a party to any material or legal proceeding,
and, to our knowledge, none is contemplated or threatened.

Item 1A. Risk Factors

We are a
smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information
under this item.

Item 2. Unregistered Sales of Equity Securities
and Use of Proceeds

On December 29, 2022, the Company executed a Share
Exchange Agreement between VEST and Fun Fitness Corporation. On January 12, 2023, VEST acquired 100% of the issued stock, 1,000,000 shares
of Convertible Series A Preferred Stock in exchange for 625 shares of VEST restricted Common Stock. There were no proceeds exchanged in
this transaction.

Item 3. Defaults Upon Senior Securities

There have been no defaults upon senior securities.

Item 4. Mine Safety Disclosures

Not applicable.

Item 5. Other Information

During the
period ended June 30, 2025, no director or officer of the Company adopted or terminated a “Rule 10b5-1 trading arrangement”
or “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408(a) of Regulation S-K.

Item 6. Exhibits

    Exhibit No.
     
    Description

    31.1
     
    Certification of Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002*
  
    31.2
     
    Certification of Chief Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002*
  
    32.1
     
    Certification of Chief Executive Officer Pursuant to 18 U.S.C. Section 1350*