Company: WRPT
Filing Date: 2025-06-23
Form Type: 10-Q
Source: 0001139020-25-000184
Chunk: 2

Company: ULIXE CORP.
Filing Date: 2025-06-23
Form: 10-Q
Item: Part I, Item 2
Chunk 2
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 and pursue growth plans to expand its business into the United States and other markets through various transactions, including with the Company. At this juncture, no definitive plans, agreements or arrangements have been agreed upon by the Company and Ulixe or its affiliated entities in the Ulixe Group. Any such plans, agreements or arrangements are subject to the negotiation and execution of one or more definitive agreements and there can be no assurance that any such plans, agreements or arrangements will ultimately be reached by the parties.

Results of Operations for the Three and Nine Month Periods ended April 30, 2025 and 2024

Our net loss for the fiscal quarter ended April 30, 2025 and 2024 was $4,078 and $2,807, respectively, which consisted entirely of general and administrative fees. We did not generate any revenue during such period.

Our net loss for the nine-month period ended April 30, 2025 and 2024 was $20,319 and $13,013, respectively, which consisted entirely of general and administrative fees. We did not generate any revenue to date.

LIQUIDITY AND CAPITAL RESOURCES

As of April 30, 2025, our current assets were $15,008, compared to $15,039 at July 31, 2024. The decrease in current assets in the current fiscal year is due to use of our cash for ordinary business expenses and reduction in accounts payable owed to vendors.

As of April 30, 2025, our current liabilities were $121,802, compared to $81,265 at July 31, 2024. Current liabilities as of April 30, 2025 were comprised entirely of accounts payable and accrued liabilities. Current liabilities decreased during the nine months ended April 30, 2025 as compared to the July 31, 2024 year end due to a reduction in accounts payable from a cancellation of an agreement with a vendor relating to software development.

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 nine-month period ended April 30, 2025, net cash flows used in operating activities were $20,219, consisting of a net loss of $20,319, which was offset by $40,538 increase of accounts payable. This compares to net cash flows provided from operating activities of $27,008