Antiaging Quantum Living Inc.
For the period ended Sep 30, 2025. Filed Nov 12, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 12, 2025
AAQLStored price and day change unavailable
What changed in Management’s Discussion and Analysis?
Read the current filingPrevious report: 10-Q
Period ended 2025-06-30; filed 2025-08-14.
0001641172-25-024006
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsCurrent report: 10-Q
Period ended 2025-09-30; filed 2025-11-12.
0001493152-25-021906
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 32 previous paragraphs and 39 current paragraphs.
22 unchanged; 10 reworded; 3 added; 0 removed; 0 previous and 4 current paragraphs rearranged.
Tables are not compared: 1 previous and 2 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
Added paragraphs (3)
Current report
For the three months ended September 30, 2025 and 2024, the Company’s other income was $69 and $22, respectively, which consisted of interest income.
Current report
During the six months ended September 30, 2025 and 2024, the Company generated revenues of $681,602 and $375,243, respectively. The increase in revenue was primarily due to continued growth of the Company’s online platform technical operation support and maintenance services for the period, which commenced in 2024. which accounted for the entire revenue for the current period. In addition, the Company’s subsidiary Anti-Aging Care LLC began limited operations during the three months ended September 30, 2025 which contributed to the overall increase in revenues for the current period.
Current report
Cost of revenues was $122,397 and $14,538 for the six months ended September 30, 2025 and 2024, respectively. Gross profit increased to $559,205 (gross margin of 82.04%) for the six months ended September 30, 2025, as compared to gross profit of $360,705 (gross margin of 96.13%) for the six months ended September 30, 2024.
Reworded paragraphs (10)
Previous wording
During the three months ended June 30, 2025 and 2024, the Company generated revenues of $291,438 and $202,069, respectively. The increase in revenue was primarily due to the online platform technical operation support and maintenance services, which accounted for the entire revenue for the period.
Current wording
During the three months ended September 30, 2025 and 2024, the Company generated revenues of $390,164 and $173,174, respectively. The increase in revenue was primarily due to continued growth of the Company’s online platform technical operation support and maintenance services for the period which commenced in 2024. In addition, the Company’s subsidiary Anti-Aging Care LLC began limited operations during the three months ended September 30, 2025 which contributed to the overall increase in revenues for the current period.
Previous wording
Cost of revenues was $56,706 and $165 for the three months ended June 30, 2025 and 2024, respectively. Gross profit increased to $234,732 (gross margin of 80.54%) for the three months ended June 30, 2025, as compared to gross profit of $201,904 (gross margin of 99.9%) for the three months ended June 30, 2024. The change in gross margin is primarily due to the shift in revenue streams to technical support and maintenance services business, which carries a different cost structure.
Current wording
Cost of revenues was $65,691 and $14,373 for the three months ended September 30, 2025 and 2024, respectively. Gross profit increased to $324,473 (gross margin of 83.16%) for the three months ended September 30, 2025, as compared to gross profit of $158,801 (gross margin of 91.70%) for the three months ended September 30, 2024. The change in gross margin is primarily due to the shift in revenue streams to technical support and maintenance services business, which carries a different cost structure.
Previous wording
The Company incurred operating expenses of $372,935 and $415,837 for the three months ended June 30, 2025 and 2024, respectively. The decrease in operating expenses was mainly due to the decrease in employee wages and benefits and legal and professional fees.
Current wording
The Company incurred operating expenses of $748,630 and $772,406 for the six months ended September 30, 2025 and 2024, respectively. The decrease in operating expenses was mainly due to the decrease in employee wages and benefits and legal and professional fees.
Previous wording
For the three months ended June 30, 2025, the Company received renovation subsidy of $10,810, which was recognized as other income, along with interest income.
Current wording
For the six months ended September 30, 2025, the Company received renovation subsidy of $10,810, which was recognized as other income, along with interest income.
Previous wording
For the three months ended June 30, 2025, our net loss was $133,372 comparing to a net loss of $213,908 for the three months ended June 30, 2024. The decrease in net loss is mainly due to the increased revenues and increase of other income.
Current wording
For the six months ended September 30, 2025, our net loss was $194,970 comparing to a net loss of $411,654 for the six months ended September 30, 2024. The decrease in net loss is mainly due to the increased revenues and increase of other income.
Previous wording
As of June 30, 2025, we had an accumulated deficit of $1,543,084 and working capital of $110,373, compared to accumulated deficit of $1,409,712 and a working capital of $132,689 as of March 31, 2025.
Current wording
As of September 30, 2025, we had an accumulated deficit of $1,604,682 and working capital of $23,279 , compared to accumulated deficit of $1,409,712 and a working capital of $132,689 as of March 31, 2025.
Previous wording
The Company’s net loss was partially offset by non-cash expenses, including $35,782 in depreciation and amortization, and $98,337 in amortization related to right-of-use (ROU) assets, mainly associated with leased office and retail spaces and leasehold improvements. Additionally, an increase of accounts receivables of $187,547 affected net cash used in operating activities for the three months ended June 30, 2025.
Current wording
The Company’s net loss was partially offset by non-cash expenses, including $79,784 in depreciation and amortization, and $197,511 in amortization related to right-of-use (ROU) assets, mainly associated with leased office and retail spaces and leasehold improvements. Additionally, an increase of accounts receivables of $376,353 and an increase in inventories of $72,250 affected net cash used in operating activities for the six months ended September 30, 2025.
Previous wording
During the three months ended June 30, 2025 and 2024, the Company purchased fixed assets totaling $1,089 and $29,643, respectively.
Current wording
During the six months ended September 30, 2025 and 2024, the Company purchased fixed assets totaling $163,441 and $44,820, respectively.
Previous wording
During the three months ended June 30, 2025 and 2024, the Company received advances of $220,000 and $199,803 from related parties for working capital purposes, which shareholders are prepared to provide additional funding as needed.
Current wording
During the six months ended September 30, 2025 and 2024, the Company received advances of $340,000 and $138,745 from related parties for working capital purposes, which shareholders are prepared to provide additional funding as needed.
Previous wording
As of June 30, 2025, we held approximately $405,725 in cash and cash equivalents. Our liabilities are primarily funded by shareholder loans and unrelated parties’ loans, which do not require immediate repayment. Operations are continuing as usual, and management is committed to implementing expense control measures in the near term to support liquidity.
Current wording
As of September 30, 2025, we held approximately $455,446 in cash and cash equivalents. Our liabilities are primarily funded by shareholder loans and unrelated parties’ loans, which do not require immediate repayment. Operations are continuing as usual, and management is committed to implementing expense control measures in the near term to support liquidity.
Rearranged current paragraphs (4)
Current report — wording carried from elsewhere
The Company incurred operating expenses of $375,695 and $356,569 for the three months ended September 30, 2025 and 2024, respectively. The increase in operating expenses was mainly due to the increase rental and facility costs.
Current report — wording carried from elsewhere
For the three months ended September 30, 2025, our net loss was $61,598 comparing to a net loss of $197,746 for the three months ended September 30, 2024. The decrease in net loss is mainly due to the increased revenues.
Current report — wording carried from elsewhere
Results of Operation for the six months ended September 30, 2025 and 2024
Current report — wording carried from elsewhere
The change in gross margin is primarily due to the shift in revenue streams to technical support and maintenance services business, which carries a different cost structure.