Antiaging Quantum Living Inc.
For the period ended Jun 30, 2025. Filed Aug 14, 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.
Jun 30, 2025 · Filed Aug 14, 2025
AAQLStored price and day change unavailable
What changed in Management’s Discussion and Analysis?
Read the current filingPrevious report: 10-Q
Period ended 2024-12-31; filed 2025-02-19.
0001493152-25-007533
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsCurrent 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 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 35 previous paragraphs and 32 current paragraphs.
21 unchanged; 7 reworded; 3 added; 5 removed; 2 previous and 1 current paragraphs rearranged.
Tables are not compared: 2 previous and 1 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
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 report
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 report
The decrease in the working capital was primarily driven by the increases in accounts receivables offset by the increase in operating lease liabilities – current portion and due to related parties, which impacted available cash.
Removed paragraphs (5)
Previous report
During the three months ended December 31, 2024 and 2023, the Company generated revenue in the amount of $154,471 and $6,299, respectively. During the three months ended December 31, 2024 and 2023, the Company incurred operating expenses of $348,125 and $102,632, respectively. The increase in revenues and costs are related to revenues generated from its online platform technical operation support and maintenance services during the three months ended December 31, 2024.
Previous report
The increase in operating expenses was mainly due to the increase in rental expenses and employee wages and benefits, which are related to the Company’s initiative for business expansion and additional revenue stream. The Company also incurred start-up costs such as cloud hosting expenses, development and maintenance costs in pursuit of its business plan.
Previous report
For the three months ended December 31, 2024, the Company received a renovation subsidy of $69,646 in addition to interest income, which was recognized as other income.
Previous report
The increase in operating expenses was mainly due to the increase in rental expenses and employee wages and benefits, which are related to the Company’s initiative for business expansion and additional revenue stream. The Company also incurred start-up costs such as cloud hosting expenses, development and maintenance costs in pursuit of its business plan.
Previous report
The increase in the working capital was primarily driven by the conversion of certain debts into long-term notes payable, along with increases in other receivables and current assets. Additionally, there was a rise in accounts receivable, advances to suppliers, accounts payable and accrued expenses, and other payables, which impacted available cash.
Reworded paragraphs (7)
Previous wording
During the nine months ended December 31, 2024, and 2023, the Company generated revenues of $529,714 and $7,499, respectively, and incurred operating expenses of $1,120,531 and $157,938, respectively. The increase in revenue and costs was primarily due to revenues generated from its online platform technical operation support and maintenance services, which was $529,714 for the nine months ended December 31, 2024, compared to $nil in same period in 2023. In contrast, revenue for the nine months ended December 31, 2023, was solely from health and beauty product sales and online advertising in the amount of $7,499.
Current 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.
Previous wording
For the nine months ended December 31, 2024, the Company received renovation subsidy of $69,647, which was recognized as other income, along with interest income.
Current 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.
Previous wording
For the three months ended December 31, 2024, our net loss was $129,154 comparing to a net loss of $97,090 for the three months ended December 31, 2023. The increase in net loss is mainly due to the increased operating expenses.
Current 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.
Previous wording
As of December 31, 2024, we had an accumulated deficit of $1,230,111; cash of $202,487; and working capital of $293,921, compared to accumulated deficit of $689,303; cash of $166,552 and a working capital deficit of $647,227 as of March 31, 2024.
Current 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.
Previous wording
The Company’s net loss was partially offset by non-cash expenses, including $108,180 in depreciation and $256,749 in amortization related to right-of-use (ROU) assets, mainly associated with leased office and retail spaces and leasehold improvements.
Current 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.
Previous wording
During the nine months ended December 31, 2024, and 2023, the Company purchased fixed assets totaling $44,835 and $153,400, respectively. It also received advances of $232,488 and $369,075 from related parties for working capital, which shareholders are prepared to provide additional funding as needed. The Company also borrowed $416,777 and $423,333 from unrelated third parties during the nine months ended December 31, 2024, and 2023, respectively. A total of $1,138,564 in debt was converted into long-term notes payable, representing a non-cash financing activity.
Current wording
During the three months ended June 30, 2025 and 2024, the Company purchased fixed assets totaling $1,089 and $29,643, respectively.
Previous wording
As of December 31, 2024, we held approximately $202,487 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 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.
Rearranged current paragraphs (1)
Current report — wording carried from elsewhere
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.
Rearranged previous paragraphs (2)
Previous report — wording carried elsewhere
Results of Operation for the nine months ended December 31, 2024 and 2023
Previous report — wording carried elsewhere
For the nine months ended December 31, 2024, our net loss was $540,808 comparing to a net loss of $151,196 for the nine months ended December 31, 2023. The increase in net loss is mainly due to the increased operating expenses.