Londax Corp.
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Londax Corp. is a nano-cap shell-like entity with declining revenue (down 57.3% YoY to $28,323), zero cash at fiscal year-end, and a going-concern qualification. Post-fiscal year-end, the company underwent a complete change of control (Alpha Investment Inc.), new sole officer/director, relocation to Cincinnati, and a pivot away from its historical CRM/recruiting software business toward speculative AI/data-center infrastructure ventures that are entirely conceptual at this stage. The combination of financial distress, ineffective internal controls, and an unproven strategic pivot represents high risk to investors.
Red Flags Detected (11)
Zero cash on hand at fiscal year-end (May 31, 2026) with $44,035 in current liabilities
Going-concern doubt explicitly disclosed by auditors/management
Revenue declined 57.3% YoY ($66,410 to $28,323), and prior year revenue itself was minimal
8 more red flags detected
Key Takeaways
Historical software/CRM business (londax.ai) is being effectively wound down in favor of a speculative new direction
Company has no cash and relies entirely on related-party loans to survive
3 more takeaways
Filing Overview
What This Means
High Risk Filing: This company is showing signs of financial stress or significant operational challenges.
Deteriorating Trend: Conditions are worsening compared to previous filings. This may create opportunities for service providers.
Annual Report: Comprehensive filing covering the full fiscal year with audited financial statements.