Company: GLEI
Filing Date: 2025-06-23
Form Type: 10-Q
Source: 0001139020-25-000188
Chunk: 9

Company: Galaxy Enterprises Inc. /WY/
Filing Date: 2025-06-23
Form: 10-Q
Item: Part I, Item 8
Chunk 9
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, which consisted entirely of general and administrative fees. We did not generate any revenue to date.

LIQUIDITY AND CAPITAL RESOURCES

As at April 30, 2025, our current assets were $15,046 compared to $15,638 as of July 31, 2024. The slight decrease in current assets in the current fiscal year is due to use of cash to pay ordinary business expenses.

As at April 30, 2025, our liabilities were $45,097 compared to $39,152 at July 31, 2024, 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 nine-month period ended April 30, 2025, net cash flows generated from operating activities were $(592) consisting of a net loss of $6,537, which was offset by non-cash components of accounts payable and accrued liabilities of $5,945 from the accrual of the accounting and professional fees.

4

Cash Flows from Investing Activities

For the period ended April 30, 2025, we did not generate or use cash flows in relation to investing activities.

Cash Flows from Financing Activities

For the period ended April 30, 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, 2024 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 nine months ended April 30, 2025, there were no material changes in the market risks