Company: GLEI
Filing Date: 2025-03-26
Form Type: 10-Q
Source: 0001139020-25-000004
Chunk: 6

Company: Galaxy Enterprises Inc. /WY/
Filing Date: 2025-03-26
Form: 10-Q
Item: Part I, Item 8
Chunk 6
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 commence operations in the Las Vegas, Nevada area due to the significant demand for real estate management services there and the proximity of our management team to that city.

We were only incorporated on March 24, 2021 and have not commenced pursuing our business plan because we have been focused on raising the initial capital to fund our business operations. As of January 31, 2025, we have incurred an accumulated deficit of $112,217. To date, we have raised an aggregate of $83,400 through the sale of our common stock. Proceeds from these sales were used to fund the filing of this registration statement and will be used for future working capital requirements. Further losses are anticipated in the development of our business. As a result, our auditor has expressed substantial doubt about our ability to continue as a going concern.

Anticipated Services

We intend to provide clients with two principal types of services: (1) property management; and (2) property consulting.

Property Management Services

As property managers, the services that we intend to provide to owners of residential, commercial, and industrial properties include:

·completing an initial evaluation of properties and working with the owners to determine a target rental or lease rate; 

·gathering comparable rental and lease rates in the area of the properties; 

·reviewing the properties to determine if any repairs or upgrades should be recommended to the owners to increase rental or lease value; 

·gathering detailed information regarding the features of the properties, including interior and exterior photographs; 

·discussing with the owners the policies that they would like to implement with respect to the rental or lease arrangements (e.g., acceptability of pets in a residential property; acceptable uses for commercial and industrial properties); 

·marketing the properties for rent or lease by creating advertisements in various media including online, print, on-site signage, and fliers depending on the suitability of each medium for the type of property involved; 

·answering potential tenant and lessee inquiries; meeting with them to view properties; and collecting applications and deposits; 

2

·performing background and credit checks on prospective tenants and lessees; 

·communicating with the property owners regarding prospective tenants and lessees; 

·preparing and overseeing the execution of lease agreements; 

·performing move-in inspections with tenants and lessees and having them execute a report verifying the condition of the property prior to the lease commencement date; 

·collecting security