LVPAI GROUP Ltd, a company that has been dormant since November 2011, has released its Form 10-Q report for the third quarter of 2025. The report provides a detailed overview of the company's financial performance and operational status, shedding light on its ongoing challenges and future outlook.
Financial Highlights
Revenues: $0. The company did not generate any revenue for the three and nine months ended October 31, 2025, and 2024.
Gross Profit: $0. The company reported no gross profit for the three and nine months ended October 31, 2025, and 2024, as there were no revenues or cost of revenues.
Operating Expenses: $7,100 for the three months ended October 31, 2025, and $24,565 for the nine months ended October 31, 2025, reflecting a decrease in operating expenses compared to the same periods in 2024.
Net Loss: $7,100 for the three months ended October 31, 2025, and $24,565 for the nine months ended October 31, 2025, indicating a reduction in net loss compared to the same periods in 2024.
Net Loss Per Share - Basic and Diluted: $(0.00). The net loss per share remained unchanged for the three and nine months ended October 31, 2025, and 2024.
Business Highlights
Dormant Status: Lvpai Group Limited has been dormant since November 2011, with no revenue generated during the reporting periods of 2025 and 2024.
Management Changes: On December 1, 2023, there was a significant change in management with the resignation of the existing officer and the appointment of Wei Zurui as the new Chief Financial Officer and Director.
Ownership Changes: On December 1, 2023, a change in control occurred when 2,000,000 shares of Series A Preferred Stock and 20,000,000 shares of Common Stock were transferred to Chen Yuanhang, resulting in a shift in voting rights.
Board of Directors Update: Ms. Xu Ni was appointed to the Board of Directors on July 5, 2024, and subsequently resigned on October 23, 2024, with no disagreements leading to her resignation.
Going Concern: The company has raised substantial doubt about its ability to continue as a going concern due to ongoing operating losses and negative retained earnings.
Funding and Financing: The company has been funded by interest-free demand loans from Mr. Chen Yuanhang and is exploring alternative sources of financing to support operations.
Lease Agreement: The company has a lease agreement in place for office premises in Beijing, China, to commence business operations.
Future Outlook: The company expects its current capital resources to meet basic operating requirements for approximately twelve months, but will need to raise additional funds to continue operations.
SEC Filing: