Company: STRG
Filing Date: 2025-04-29
Form Type: 10-K
Source: 0001640334-25-000716
Chunk: 346

Company: STARGUIDE GROUP, INC.
Filing Date: 2025-04-29
Form: 10-K
Item: Item 7A
Chunk 346
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 December 15, 2024. Early adoption is permitted. The Company is currently evaluating the impact of this ASU may have on its unaudited condensed consolidated financial statements and related disclosures. The Company does not expect that any other recently issued accounting pronouncements will have a significant effect on its condensed consolidated financial statements.  Recent Adopted Accounting Standards In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280). The amendments in this update expand segment disclosure requirements, including new segment disclosure requirements for entities with a single reportable segment among other disclosure requirements. This update is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024.The adoption of ASU 2023-07 has not had a material effect on the Company’s statements and disclosures.

NOTE 4 – GOODWILL January 31, 2022 $- Additions  26,319 January 31, 2023 $26,319 Impairment  (26,319 )January 31, 2024 $-  On December 8, 2022, the Company acquired 80% shares in Live Investments Holdings, which generated Goodwill of $26,319. Based on the Company’s analysis of goodwill as of January 31, 2024, the fair value of the reporting unit based on estimated future cash flow falls below its carrying value and shows negative recoverability, goodwill was fully impaired and impairment loss on goodwill of $26,319 was incurred.

NOTE 5 – PROPERTY AND EQUIPMENT As of January 31, 2025 and January 31, 2024, the plant and equipment consisted of the following: Cost Office Equipment  Computer Equipment  Computer Software  Total January 31, 2023 $800  $2,800  $80,774  $84,374 Impairment  -   -   (83,349)  (83,349)Foreign Exchange Adjustment  -   89   2,575   2,664 January 31, 2024 $800  $2,889  $-  $3,689 Foreign Exchange Adjustment  -   (66)  -   (66)January 31,