CXJ GROUP CO., Ltd
For the period ended Feb 28, 2025. Filed Apr 21, 2025.
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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.
Feb 28, 2025 · Filed Apr 21, 2025
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q
☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarter ended February 28,2025
☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from ____________to ____________
Commission File Number:000-56425
CXJ GROUP CO., Limited
(Exact name of registrant as specified in its charter)
| Nevada | 85-2041913 |
|---|---|
| (State or jurisdiction of Classification Code Number) | (I.R.S. Employer incorporation or organization) |
Room 401, 4th Floor, East Block Building 5,
Xintiandi Business Center, No. 7 Anqiaogang Road,
Gongshu District, Hangzhou City,
Zhejiang Province, China 310017.
(Address of principal executive offices, including zip code)
(86) 18668175727
(Registrant’s phone number, including area code)
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
YES ☒ NO☐
Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (section 232.405 of this chapter) during the preceding twelve months (or shorter period that the registrant was required to submit and post such files).
YES ☒ NO☐
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” or an “emerging growth company” in Rule 12b-2 of the Exchange Act:
| Large accelerated filer | ☐ | Accelerated filer | ☐ |
| Non-accelerated filer | ☒ | Smaller reporting company | ☒ |
| Emerging growth company | ☐ | ||
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐ No☒
Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.
| Class | Outstanding at March 28, 2025 |
|---|---|
| Common Stock, $0.001 par value | 102,270,517 |
CXJ GROUP CO LIMITED.
TABLE OF CONTENTS
| Page | ||
|---|---|---|
| PART I | FINANCIAL INFORMATION | 3 |
| ITEM 1. | Financial Statements: | 3 |
| Condensed Consolidated Balance Sheets as of February 28, 2025 (unaudited) and May 31, 2024 (audited) | 4 | |
| Condensed Consolidated Statements of Operations and Comprehensive (Loss)/Income for the Three Months and Nine Months Ended February 28, 2025 and February 29, 2024 (unaudited) | 5 | |
| Condensed Consolidated Statement of Changes in Stockholders’ Equity for the Three Months and Nine Months Ended February 28, 2025 and February 29, 2024 (unaudited) | 6 | |
| Condensed Consolidated Statements of Cash Flows for the Nine Months Ended February 29, 2025 and February 28, 2024 (unaudited) | 8 | |
| Notes to Condensed Consolidated Financial Statements | 9-28 | |
| ITEM 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations | 29 |
| ITEM 3. | Quantitative and Qualitative Disclosures About Market Risk | 33 |
| ITEM 4. | Controls and Procedures | 33 |
| PART II | OTHER INFORMATION | 34 |
| ITEM 1. | Legal Proceedings | 34 |
| ITEM 2. | Unregistered Sales of Equity Securities and Use of Proceeds | 34 |
| ITEM 3. | Defaults Upon Senior Securities | 34 |
| ITEM 4. | Mine Safety Disclosures | 34 |
| ITEM 5. | Other Information | 34 |
| ITEM 6. | Exhibits | 34 |
| Signatures | 35 | |
SPECIAL NOTE REGARDING FORWARD—LOOKING STATEMENTS
Statements made in this Form 10-Q that are not historical or current facts are “forward-looking statements” made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 (the “Act”) and Section 21E of the Securities Exchange Act of 1934. These statements often can be identified by the use of terms such as “may”, “will”, “expect”, “believe”, “anticipate”, “estimate”, “approximate” or “continue”, or the negative thereof. We intend that such forward-looking statements be subject to the safe harbors for such statements. We wish to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Any forward-looking statements represent management’s best judgment as to what may occur in the future. However, forward-looking statements are subject to risks, uncertainties and important factors beyond our control that could cause actual results and events to differ materially from historical results of operations and events and those presently anticipated or projected. We disclaim any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statement or to reflect the occurrence of anticipated or unanticipated events.
Financial information contained in this quarterly report and in our unaudited interim financial statements is stated in United States dollars and are prepared in accordance with United States generally accepted accounting principles.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.