Company: GLEI
Filing Date: 2025-10-09
Form Type: 10-K
Source: 0001871890-25-000007
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Company: Galaxy Enterprises Inc. /WY/
Filing Date: 2025-10-09
Form: 10-K
Item: Item 7
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Item 7. Management’s Discussion and Analysis of our Financial Conditions and Results of Operations.

Introduction

We were incorporated on March 24, 2021 under the laws of the State of Wyoming.

Results of Operations for the Year Ended July 31, 2025

From August 1, 2024 to our fiscal year end of July 31, 2025, we did not earn any revenue. From August 1, 2024 to our fiscal year end of July 31, 2025, we incurred net loss of $9,748 consisting entirely of general and administrative fees.

We have not attained profitable operations and are dependent upon obtaining financing to complete our proposed business plan. For these reasons our auditors believe that there is substantial doubt that we will be able to continue as a going concern.

Our financial statements have been prepared assuming that we will continue as a going concern and, accordingly, do not include adjustments relating to the recoverability and realization of assets and classification of liabilities that might be necessary should we be unable to continue in operation.

Liquidity and Capital Resources

As of July 31, 2025, our current assets of $15,185 consisted of $185 in cash and $15,000 in prepayments and deposits and our total liabilities were $48,447, which consisted entirely of accounts payable and accrued liabilities. 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

We have not generated positive cash flows from operating activities. From August 1, 2024 to July 31, 2025, net cash used in operating activities was $453 consisting of our net loss for the period of $9,748 and an increase of accounts payable of $9,295.

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Cash Flows from Investing Activities

From August 1, 2021 to July 31, 2025, we have not had any cash flows from investing activities.

Cash Flows from Financing Activities

We have not attained profitable operations and are dependent upon obtaining financing to pursue exploration activities. For these reasons, there is substantial doubt that we will be able to continue as a going concern.

Since our incorporation, we have financed our operations through proceeds from the sale of our common stock. We expect to finance operations through the sale of equity for the foreseeable future, as we do not receive significant revenue from our business operations. There is no guarantee that