Company: LAAI
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001683168-25-003680
Chunk: 41

Company: Loan Artificial Intelligence Corp.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 2
Chunk 41
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 This will require review of financials, products and management of the merger candidate. We anticipate the review process
could take up to 30 days after a viable candidate is located.

 15 

Results of Operations

The financial statements appearing elsewhere in
this report have been prepared assuming the Company will continue as a going concern. The Company was recently formed and has not established
sufficient operations or revenues to sustain the Company. These conditions raise substantial doubt about the Company’s ability to
continue as a going concern.

The following table provides selected balance
sheet data for our Company at March 31, 2025 (unaudited) and December 31, 2024:

    March 31,  2024 
    December 31,  2024
  
    Balance Sheet Data 

    Cash 
    $–  
    $– 
  
    Total Assets 
     –  
     – 
  
    Total Liabilities 
     116,751  
     110,370 
  
    Total Stockholders’ Deficit 
    $116,751  
    $110,370 

To date, the Company has relied on debt and equity
raised in private offerings and shareholder loans to finance operations and no other sources of capital has been identified. If we experience
a shortfall in operating capital, we could be faced with having to limit our research and development activities.

Three Months Ended March 31, 2025 and 2024

Revenue

For the three months ended March 31, 2025 and 2024, the Company had
not generated any revenues.

Operating Expenses

Operating expenses for the three months ended March 31, 2025 were $6,381
compared to $6,572 for the three months ended March 31, 2024

Operating expenses decreased in 2025 due to other professional fees
and other general and administrative fees incurred for this period.

Other Income and Expenses

For the three months ended March 31, 2025 and 2024, the Company did
not have any other income or expenses.

Net Income (Loss)

For the three months ended March 31, 2025, the
Company had a net loss of $6,381 compared to the three months period ended March 31, 2024 of a net loss of $6,572.

 16 

Liquidity and Capital Resources

As of March 31, 2025, we had no cash and