CXJ GROUP CO., Ltd
For the period ended May 31, 2025. Filed Sep 15, 2025.
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FY2025 · Filed Sep 15, 2025
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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
For the years ended May 31, 2025 and 2024
| 2025 | 2024 | |
|---|---|---|
| $ | $ | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net Loss | (2,284,025) | (2,138,939) |
| Adjustments to reconcile net loss to net cash used in operating activities | ||
| Depreciation and amortization | 2,176 | 2,247 |
| Amortization of right-of-use assets | 75,432 | 67,997 |
| Bad debts written off | - | 2,150 |
| Amortization of intangible assets | - | 138,696 |
| Impairment of intangible assets | - | 1,155,802 |
| Impairment of goodwill | 1,742,577 | 1,049,984 |
| Loss on disposal of subsidiary | - | 25,229 |
| Changes in operating assets and liabilities: | ||
| Accounts receivables | 56,491 | (3,392) |
| Prepayments, deposits and other receivables | 234,191 | 195,003 |
| Inventories | (8,248) | 21,717 |
| Accounts payables | (10,524) | (209,046) |
| Advance received | (16,665) | (1,181,214) |
| Accrued liabilities, deposit received and other payables | (131,937) | 355,637 |
| Operating lease liabilities | (77,993) | (71,909) |
| Net cash used in operating activities | (418,525) | (590,038) |
| CASH FLOWS FROM INVESTING ACTIVITY: | ||
| Purchase of property, plant and equipment | - | (2,934) |
| Disposal of subsidiary, net of cash disposed | - | (2,804) |
| Net cash used in investing activity | - | (5,738) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Proceeds from share issuance | 369,728 | - |
| Advance to related parties | (21,996) | (60,217) |
| Advances from directors | 75,440 | 4,205 |
| Net cash provided by/(used in) financing activities | 423,172 | (56,012) |
| Effect of exchange rate changes on cash and cash equivalents | 2,869 | (5,142) |
| Net change in cash and cash equivalents | 7,516 | (656,930) |
| Cash and cash equivalents, beginning of year | 2,521 | 659,451 |
| CASH AND CASH EQUIVALENTS, END OF YEAR | 10,037 | 2,521 |
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