Company: LAAI
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001683168-25-003680
Chunk: 42

Company: Loan Artificial Intelligence Corp.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 2
Chunk 42
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 had a working capital deficit
of $116,751.

The Company has not generated any revenues from
operations, and may be unable to fund on-going activities. We cannot guarantee that we will be successful in our business operations.
Our business is subject to risks inherent in the establishment of a new business enterprise, including limited capital resources, possible
delays in developing our own hardware and software, and the possibility of new regulations that will make our company difficult or impossible
to operate.

If we are unable to meet our needs for cash from
either our operations, or possible alternative sources, then we may be unable to continue, develop, or expand our operations.

If we are unable to complete any phase of our
development program or fail to raise additional capital to maintain our operations in the future, we may be unable to carry out our full
business plan or we may be forced to cease operations.

The Company’s related party will continue
to advance the necessary capital to pay the expenses of the Company and there are no formal financing agreements in place. The outstanding
amount due to related parties was $88,085 and $87,525 as of March 31, 2025 and December 31, 2024.

Operating Activities

Net cash used in operating activities were $560
for the three months ended March 31, 2025 and $150 for the same period ended 2024. The change resulted from net operating loss $6,381
for the three months ended March 31, 2025 with accounts payable and accrued expenses increased by $5,821 from $22,845 at December 31,
2024 to $28,666 at March 31, 2025. The increase in accounts payable and accrued expenses is related to other professional fee and administration
expenses incurred and payable during the period.

Investing Activities

No investing activities occurred during the three
months ended March 31, 2025 and 2024.

Financing Activities

Net cash provided by financing activities were
$560 for the three months ended March 31, 2025 and $150 for the same period ended in 2024. The Company received net advances of $560 and
$150 from related party for working capital purposes for the three months ended March 31, 2025, respectively. During the three months
ended March 31, 2025 the Company issued $Nil common stock for cash.

Off-Balance Sheet Arrangements

There are no off-balance sheet arrangements with
any