Company: LAAI
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001683168-25-003680
Chunk: 37

Company: Loan Artificial Intelligence Corp.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 2
Chunk 37
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The following management’s discussion
and analysis (“MD&A”) should be read in conjunction with financial statements of Vestiage, Inc. for the three months ended
March 31, 2025 and 2024, and the notes thereto.

Safe Harbor for Forward-Looking Statements

Certain statements included in this MD&A constitute
forward-looking statements, including those identified by the expressions anticipate, believe, plan, estimate, expect, intend, and
similar expressions to the extent they relate to Vestiage, Inc. or its management. These forward-looking statements are not facts, promises,
or guarantees; rather, they reflect current expectations regarding future results or events. These forward-looking statements are subject
to risks and uncertainties that could cause actual results, activities, performance, or events to differ materially from current expectations.
These include risks related to revenue growth, operating results, industry, services and litigation, as well as the matters discussed
in Vestiage, Inc.’s MD&A. Readers should not place undue reliance on any such forward-looking statements. Vestiage, Inc. disclaims
any obligation to publicly update or to revise any such statements to reflect any change in the Company’s expectations or in events,
conditions, or circumstances on which any such statements may be based, or that may affect the likelihood that actual results will differ
from those set forth in the forward-looking statements.

Overview

Vestiage, Inc. is a developmental
stage company, incorporated under the laws of the State of Florida on October 31, 2006. On December 29, 2022 Vestiage, Inc., a Florida
corporation, executed a Share Exchange Agreement and with Fun Fitness Corporation (“FFC” the “Subsidiary”), a
Wyoming corporation. On January 12, 2023 the acquisition closed and VEST acquired 100% of the issued stock and 1,000,000 shares of Convertible
Series A Preferred Stock in exchange for 500,000 shares of VEST restricted Common Stock.

On December 31, 2023,
Vestiage, Inc. disposed of its subsidiary, Fun Fitness Corporation (‘FFC’), by returning the 1,000,000 shares of Convertible
Series A Preferred Stock acquired during the merger. The Company recognized a gain of $7,748 on disposal, calculated as the difference
between the net asset carrying value and the fair value of the consideration received, which was $0. No remaining