Company: GLEI
Filing Date: 2025-12-15
Form Type: 10-Q
Source: 0001871890-25-000011
Chunk: 9

Company: Galaxy Enterprises Inc. /WY/
Filing Date: 2025-12-15
Form: 10-Q
Item: Part I, Item 8
Chunk 9
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 of general and administrative fees. We did not generate any revenue to date.

LIQUIDITY AND CAPITAL RESOURCES

As at October 31, 2025, our current assets were $15,105 compared to $15,185 as of July 31, 2025. The slight decrease in current assets in the current fiscal year is due to use of cash to pay ordinary business expenses.

As at October 31, 2025, our liabilities were $49,947 compared to $48,447 at July 31, 2025, which comprised entirely of accounts payable and accrued liabilities. The increase in liabilities in the current fiscal year is due to accruing for accounting and professional fees.

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

For the three-month period ended October 31, 2025, net cash flows generated from operating activities were $(80) consisting of a net loss of $1,580, which was offset by non-cash components of accounts payable and accrued liabilities of $1,500 from the accrual of the accounting and professional fees.

4

Cash Flows from Investing Activities

For the period ended October 31, 2025, we did not generate or use cash flows in relation to investing activities.

Cash Flows from Financing Activities

For the period ended October 31, 2025, we did not generate or use cash flows in relation to financing activities.

OFF-BALANCE SHEET ARRANGEMENTS

As of the date of this report, we do not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to investors.

GOING CONCERN

The independent auditors’ report accompanying our July 31, 2025 financial statements contained an explanatory paragraph expressing substantial doubt about our ability to continue as a going concern. The financial statements have been prepared “assuming that we will continue as a going concern,” which contemplates that we will realize our assets and satisfy our liabilities and commitments in the ordinary course of business.

Item 3. Quantitative and Qualitative Disclosures about Market Risk

During the three months ended October 31, 2025, there were no material changes in the market risks described in the “