Company: WRPT
Filing Date: 2025-03-12
Form Type: 10-Q
Source: 0001393905-25-000109
Chunk: 2

Company: ULIXE CORP.
Filing Date: 2025-03-12
Form: 10-Q
Item: Part I, Item 2
Chunk 2
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5, our current liabilities were $110,975, compared to $81,265 at July 31, 2024. Current liabilities at January 31, 2025 were comprised entirely of accounts payable and accrued liabilities. Current liabilities decreased in the first quarter of the 2022 fiscal 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 six-month period ended January 31, 2025, net cash flows used in operating activities were $13,469, consisting of a net loss of $16,241, which was offset by $29,710 increase of accounts payable. This compares to net cash flows provided from operating activities of $20,250 consisting of a net loss of $10,156 offset by accounts payable of $30,406 for the six-month period ended January 31, 2024.

Cash Flows from Investing Activities

For the six-month period ended January 31, 2025 and 2024, our cash flows provided from investing activities were $13,500 compared to cash flows used in investing activities of $20,249, respectively, which consisted of software development.

Cash Flows from Financing Activities

We have financed our operations from the issuance of our shares of common stock. Net cash flows generated from financing activities were $0 in the six-month period ended January 31, 2025 as compared to $0 during the six-month period ended January 31, 2024.

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 4