L A M Y
0.1805+0.00 (+0%)
Oct 29, 4:00:00 PM EDT · OTC Markets OTCPK · LMMY · USD
Key Stats
Market Cap
1.40MP/E (TTM)
-Basic EPS (TTM)
0.00Dividend Yield
0%Recent Filings
10-K
FY2025 results
LAMY's fiscal year ended May 31, 2025, delivered $3,750 in revenue, down from $11,500 the prior year, yet swung to a $51,395 net income from a $25,807 loss, driven by slightly higher operating expenses of $31,843 versus $28,076. The December 2024 change in control to Shengwu Zhang stabilized leadership without altering the eLearning game strategy. Cash dwindled to zero by year-end, with operating cash use at $4,528, offset by $3,500 in financing inflows. No quarterly breakdowns disclosed. Liquidity remains precarious. Risks include failure to secure funding, threatening operations.
10-Q
Q3 FY2025 results
Lamy swung to a nine-month net profit of $54,895 through February 28, 2025, up from a $20,554 loss a year earlier, fueled by $86,739 in other income that offset $35,594 in general and administrative expenses, while revenue dipped to $3,750 from $7,750 y/y. The quarter ended with no revenue but a $61,883 pre-tax gain, reversing a $4,820 loss q/q, thanks to that same other income boost. Debt forgiveness wiped the balance sheet clean, leaving zero cash, assets, and liabilities. Change in control hit December 6, 2024, with Zhang Shengwu grabbing 64.29% of shares. Operating cash drained $1,028 y/y (derived). No free cash flow disclosed in the 10-Q. Yet going concern doubts linger.
10-Q
Q2 FY2025 results
LAMY swung to a net income of $80,659 for the six months ended November 30, 2024, up from a $15,734 loss a year earlier, driven by $87,541 in other income that offset $10,632 in operating expenses—mainly depreciation, amortization, and administrative costs—while revenue ticked up to $3,750 from zero (derived). No revenue hit in Q2, but gross profit held at $3,750 for the half, with operating loss narrowing to $6,882 from $15,734 y/y. Debt forgiveness from related parties wiped out all $82,348 in liabilities, boosting equity to $24,854 from a $54,895 deficit; cash stayed flat at $1,028, with operating cash flow at $86,538 fueled by non-cash adjustments. A change in control occurred December 6, 2024, as Zhang Shengwu acquired 64.29% of shares. Yet ongoing revenue struggles persist.
8-K
Control change to Zhang Shengwu
On December 6, 2024, Zhang Shengwu acquired 5,250,000 shares of LAMY's common stock for $335,910 in cash, securing 64.29% voting control from Dwight Witmer and Stephen Townsend. Witmer and Townsend resigned as directors and officers that day, with Shengwu appointed as sole director, president, CEO, and secretary. Shengwu, 32, brings tech leadership from Shanghai Jiuye Technology Group. New control shifts strategy toward his China-based expertise.
10-Q
Q1 FY2025 results
LAMY notched its first revenue of $3,750 in the quarter ended August 31, 2024, up from zero a year earlier, yet posted a net loss of $3,910—better than the $12,161 loss in Q1 FY2023—thanks to lower general and administrative expenses of $8,091 versus $12,161. Gross margins held at 100% with no cost of revenue, while operating cash flow drained $1,416, offset by $1,416 in accrued interest financing, leaving cash steady at $1,028. Debt weighs heavy at $86,764 total liabilities, mostly related-party loans and notes at 10% interest maturing through 2025, against $17,145 in current assets including $15,250 receivables. No free cash flow disclosed, as capex stayed flat. Diluted EPS of $(0.00) aligns with 7,777,000 shares. Going concern doubts linger from $87,075 accumulated deficit. Competition in edutainment could squeeze margins.
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