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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 10-Q
☒ |
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|
For the quarterly period ended August 31, 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: 333-188648
ANVI GLOBAL HOLDINGS, INC.
(Exact name of registrant as specified in its Charter)
Nevada |
33-1226144 |
(State or other jurisdiction of |
(I.R.S. Employer |
incorporation or organization) |
Identification No.) |
1135 Kildaire
Farm Road, Suite 319-4
Cary,
NC |
27511 |
(Address of principal executive offices) |
(Zip Code) |
Registrant's telephone number, including area code:
(408) 821-4491
N/A
(Former name, former address and former fiscal year,
if changed since last report)
Indicate
by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during
the past 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 every Interactive Data File required to be submitted pursuant to Rule
405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was
required to submit such files). Yes ☒ No
☐
Indicate by check mark whether the registrant is a large
accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions
of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “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 ☐ |
If
an emerging growth company, indicate by checkmark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Indicate
by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐
No ☒
Securities registered pursuant to Section 12(b) of the
Act:
Title of each class |
Trading Symbol(s) |
Name of each exchange on which registered |
N/A |
N/A |
N/A |
State the number of shares outstanding of each of the
issuer’s classes of common equity, as of the latest practicable date: As of September 26, 2025, the issuer had 119,950,000 shares
of its common stock issued and outstanding.
TABLE OF CONTENTS
|
Page |
PART I. FINANCIAL INFORMATION |
|
|
|
ITEM 1. FINANCIAL STATEMENTS |
1 |
|
|
Condensed Balance Sheets as of August 31, 2025 (unaudited) and February 28, 2025 |
1 |
Condensed Statements of Operations for the Three and Six Months Ended August 31, 2025 and 2024 (unaudited) |
2 |
Condensed Statements of Stockholders’ Deficit for the Three and Six Months Ended August 31, 2025 and 2024 (unaudited) |
3 |
Condensed Statements of Cash Flows for the Six Months Ended August 31, 2025 and 2024 (unaudited) |
4 |
Notes to the Condensed Financial Statements (unaudited) |
5 |
|
|
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS |
7 |
|
|
ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK |
8 |
|
|
ITEM 4. CONTROLS AND PROCEDURES |
8 |
|
|
PART II. OTHER INFORMATION |
|
|
|
ITEM 1. LEGAL PROCEEDINGS |
9 |
|
|
ITEM 1A. RISK FACTORS |
9 |
|
|
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS |
9 |
|
|
ITEM 3. DEFAULTS UPON SENIOR SECURITIES |
9 |
|
|
ITEM 4. MINE SAFETY DISCLOSURES |
9 |
|
|
ITEM 5. OTHER INFORMATION |
9 |
|
|
ITEM 6. EXHIBITS |
9 |
|
|
SIGNATURES |
10 |
i
PART I. FINANCIAL INFORMATION
ITEM 1. FINANCIAL STATEMENTS
ANVI GLOBAL HOLDINGS, INC.
CONDENSED BALANCE SHEETS |
| |
| | | |
| | |
| |
August 31, 2025 | | |
February 28, 2025 | |
ASSETS | |
| (Unaudited) | | |
| (Audited) | |
Current Assets: | |
| | | |
| | |
Cash | |
$ | 2,194 | | |
$ | 1,543 | |
Prepaids | |
| 5,310 | | |
| 13,320 | |
| |
| | | |
| | |
Total Current Assets | |
| 7,504 | | |
| 14,863 | |
| |
| | | |
| | |
Total Assets | |
$ | 7,504 | | |
$ | 14,863 | |
| |
| | | |
| | |
LIABILITIES AND STOCKHOLDERS' DEFICIT | |
| | | |
| | |
| |
| | | |
| | |
Current Liabilities: | |
| | | |
| | |
Accounts payable | |
$ | 12,915 | | |
$ | 27,224 | |
Accounts payable - related party | |
| 720,000 | | |
| 648,000 | |
Accrued liabilities - related party | |
| 900,000 | | |
| 900,000 | |
Due to an officer | |
| 643,825 | | |
| 603,605 | |
Total current liabilities | |
| 2,276,740 | | |
| 2,178,829 | |
| |
| | | |
| | |
Total Liabilities | |
| 2,276,740 | | |
| 2,178,829 | |
| |
| | | |
| | |
Commitments and contingencies | |
| — | | |
| — | |
| |
| | | |
| | |
Stockholders' Deficit: | |
| | | |
| | |
Preferred stock, $0.001 par value; 50,000,000 shares authorized no shares issued and outstanding | |
| — | | |
| — | |
Common stock, $0.001 par value; 500,000,000 shares authorized, 119,950,000 shares issued and outstanding | |
| 119,950 | | |
| 119,950 | |
Additional paid-in capital | |
| (61,450 | ) | |
| (61,450 | ) |
Accumulated deficit | |
| (2,327,736 | ) | |
| (2,222,466 | ) |
| |
| | | |
| | |
Total Stockholders’ Deficit | |
| (2,269,236 | ) | |
| (2,163,966 | ) |
| |
| | | |
| | |
Total Liabilities and Stockholders' Deficit | |
$ | 7,504 | | |
$ | 14,863 | |
The accompanying notes are an integral part of these
unaudited condensed financial statements.
ANVI GLOBAL HOLDINGS, INC.
CONDENSED STATEMENTS OF OPERATIONS
(Unaudited) |
| |
| | |
| | |
| | |
| |
| |
For the Three Months Ended | | |
For the Six Months Ended | |
| |
August 31, | | |
August 31, | |
| |
2025 | | |
2024 | | |
2025 | | |
2024 | |
| |
| | |
| | |
| | |
| |
Operating Expenses: | |
| | | |
| | | |
| | | |
| | |
General and administrative expenses | |
$ | 57,022 | | |
$ | 51,012 | | |
$ | 105,270 | | |
$ | 106,109 | |
Total operating expenses | |
| 57,022 | | |
| 51,012 | | |
| 105,270 | | |
| 106,109 | |
| |
| | | |
| | | |
| | | |
| | |
Loss from operations | |
| (57,022 | ) | |
| (51,012 | ) | |
| (105,270 | ) | |
| (106,109 | ) |
| |
| | | |
| | | |
| | | |
| | |
| |
| | | |
| | | |
| | | |
| | |
Provision for income taxes | |
| — | | |
| — | | |
| — | | |
| — | |
| |
| | | |
| | | |
| | | |
| | |
Net loss | |
$ | (57,022 | ) | |
$ | (51,012 | ) | |
$ | (105,270 | ) | |
$ | (106,109 | ) |
| |
| | | |
| | | |
| | | |
| | |
Basic loss per share | |
$ | (0.00 | ) | |
$ | (0.00 | ) | |
$ | (0.00 | ) | |
$ | (0.00 | ) |
Diluted loss per share | |
$ | (0.00 | ) | |
$ | (0.00 | ) | |
$ | (0.00 | ) | |
$ | (0.00 | ) |
| |
| | | |
| | | |
| | | |
| | |
Basic weighted average shares | |
| 119,950,000 | | |
| 119,950,000 | | |
| 119,950,000 | | |
| 119,950,000 | |
Diluted weighted average shares | |
| 119,950,000 | | |
| 119,950,000 | | |
| 119,950,000 | | |
| 119,950,000 | |
The accompanying notes are an integral part of these
unaudited condensed financial statements.
ANVI GLOBAL HOLDINGS, INC.
CONDENSED STATEMENTS OF STOCKHOLDERS' DEFICIT
FOR THE THREE AND SIX MONTHS ENDED AUGUST 31, 2025
AND 2024
(Unaudited)
| |
| | | |
| | | |
| | | |
| | | |
| | |
| |
Common Stock | | |
Additional | | |
| | |
Total | |
| |
Shares | | |
Amount | | |
Paid in Capital | | |
Accumulated Deficit | | |
Stockholders' Deficit | |
Balance, February 28, 2025 | |
| 119,950,000 | | |
$ | 119,950 | | |
$ | (61,450 | ) | |
$ | (2,222,466 | ) | |
$ | (2,163,966 | ) |
Net Loss | |
| — | | |
| — | | |
| — | | |
| (48,248 | ) | |
| (48,248 | ) |
Balance, May 31, 2025 | |
| 119,950,000 | | |
| 119,950 | | |
| (61,450 | ) | |
| (2,270,714 | ) | |
| (2,212,214 | ) |
Net Loss | |
| — | | |
| — | | |
| — | | |
| (57,022 | ) | |
| (57,022 | ) |
Balance, August 31, 2025 | |
| 119,950,000 | | |
$ | 119,950 | | |
$ | (61,450 | ) | |
$ | (2,327,736 | ) | |
$ | (2,269,236 | ) |
| |
| | |
| | |
| | |
| |
| |
Common Stock | | |
Additional | | |
| | |
Total | |
| |
Shares | | |
Amount | | |
Paid in Capital | | |
Accumulated Deficit | | |
Stockholders' Deficit | |
Balance, February 29, 2024 | |
| 119,950,000 | | |
$ | 119,950 | | |
$ | (61,450 | ) | |
$ | (2,018,732 | ) | |
$ | (1,960,232 | ) |
Net Loss | |
| — | | |
| — | | |
| — | | |
| (55,097 | ) | |
| (55,097 | ) |
Balance, May 31, 2024 | |
| 119,950,000 | | |
| 119,950 | | |
| (61,450 | ) | |
| (2,073,829 | ) | |
| (2,015,329 | ) |
Net Loss | |
| — | | |
| — | | |
| — | | |
| (51,012 | ) | |
| (51,012 | ) |
Balance, August 31, 2024 | |
| 119,950,000 | | |
$ | 119,950 | | |
$ | (61,450 | ) | |
$ | (2,124,841 | ) | |
$ | (2,066,341 | ) |
The accompanying notes are an integral part of these
unaudited condensed financial statements.
ANVI GLOBAL HOLDINGS, INC.
CONDENSED STATEMENTS OF CASH FLOWS
(Unaudited) |
| |
| | | |
| | |
| |
For the Six Months Ended | |
| |
August 31, 2025 | | |
August 31, 2024 | |
Cash flows from operating activities: | |
| | | |
| | |
Net loss | |
$ | (105,270 | ) | |
$ | (106,109 | ) |
Adjustments to reconcile net loss to net cash used in operating activities: | |
| | | |
| | |
Changes in assets and liabilities: | |
| | | |
| | |
Prepaids | |
| 8,010 | | |
| 7,800 | |
Accounts payable | |
| (14,309 | ) | |
| (1,199 | ) |
Accounts payable - related party | |
| 72,000 | | |
| 72,000 | |
Net cash used in operating activities | |
| (39,569 | ) | |
| (27,508 | ) |
| |
| | | |
| | |
Cash flows from investing activities: | |
| — | | |
| — | |
| |
| | | |
| | |
Cash flows from financing activities: | |
| | | |
| | |
Advances from an officer | |
| 40,220 | | |
| 29,100 | |
Net cash provided by financing activities | |
| 40,220 | | |
| 29,100 | |
| |
| | | |
| | |
Net change in cash | |
| 651 | | |
| 1,592 | |
| |
| | | |
| | |
Cash, beginning of period | |
| 1,543 | | |
| 1,334 | |
| |
| | | |
| | |
Cash, end of period | |
$ | 2,194 | | |
$ | 2,926 | |
| |
| | | |
| | |
Cash paid during the period for: | |
| | | |
| | |
Interest | |
$ | — | | |
$ | — | |
Income taxes | |
$ | — | | |
$ | — | |
The accompanying notes are an integral part of these
unaudited condensed financial statements.
ANVI GLOBAL HOLDINGS, INC.
NOTES TO FINANCIAL STATEMENTS
AUGUST 31, 2025
NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS
Anvi Global Holdings, Inc., (the “Company”
“AGH”) was incorporated under the laws of the State of Nevada on August 15, 2012.
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of Presentation
The Company’s unaudited condensed financial
statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S.
GAAP”). The accompanying unaudited condensed financial statements reflect all adjustments, consisting of only normal recurring items,
which, in the opinion of management, are necessary for a fair statement of the results of operations for the periods shown and are not
necessarily indicative of the results to be expected for the full year ending February 28, 2026. These unaudited condensed financial statements
should be read in conjunction with the financial statements and related notes included in the Company’s Annual Report on Form 10-K
for the year ended February 28, 2025.
Use of Estimates
The preparation of financial statements in conformity
with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of
assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts
of revenues and expenses during the reporting period. Significant estimates include the estimated useful lives of property and equipment.
Actual results could differ from those estimates.
Concentrations of Credit Risk
We maintain our cash in bank deposit accounts, the
balances of which at times may exceed federally insured limits. We continually monitor our banking relationships and consequently have
not experienced any losses in our accounts. We believe we are not exposed to any significant credit risk on cash.
Cash Equivalents
The Company considers all highly liquid investments
with a maturity of three months or less when purchased to be cash equivalents. There were no cash equivalents for the periods ended August
31, 2025 and February 28, 2025.
Segment Reporting
ASC Topic 280, “Segment Reporting” establishes
the standards for reporting information about operating segments on a basis consistent with the Company’s internal organization
structure as well as information about services categories, business segments and major customers in financial statements. The Company
is managed as one operating unit, rather than multiple reporting units, for internal reporting purposes and for internal decision-making
and discloses its operating results in a single reportable segment. The Company’s chief operating decision maker (“CODM”),
represented by the Company’s Chief Executive Officer, reviews financial information and assesses the operations of the Company in
order to make strategic decisions such as allocation of resources and assessing operating performance.
Recent Accounting Pronouncements
The Financial Accounting Standards Board (FASB) issued
Accounting Standards Update (ASU) 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, in November
2023. This update enhances segment reporting disclosures to provide investors with more useful and transparent information about a company’s
operating segments. Public companies must now disclose significant segment expenses that are regularly reviewed by the chief operating
decision-maker (CODM). These expenses should be reported on an itemized basis, providing more insight into segment profitability. Companies
must provide segment disclosures in both annual and interim reports. Required disclosures apply to all public entities under FASB’s
segment reporting rules. Effective for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years.
The Company adopted this ASU, effective for the year ended February 28, 2025. The adoption had no impact on the Company’s financial
statements.
The Company has
implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial
statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have
been issued that might have a material impact on its financial position or results of operation.
NOTE 3 - GOING CONCERN
The accompanying unaudited financial statements
have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal
course of business. The Company has had no revenue and has accumulated a deficit of $2,327,736 as of August 31, 2025. The Company requires
capital for its contemplated operational and marketing activities. The Company’s ability to raise additional capital through the
future issuances of common stock is unknown. The obtainment of additional financing, the successful development of the Company’s
contemplated plan of operations, and its transition, ultimately, to the attainment of profitable operations are necessary for the Company
to continue operations. These conditions and the ability to successfully resolve these factors raise substantial doubt about the Company’s
ability to continue as a going concern. The financial statements of the Company do not include any adjustments that may result from the
outcome of these uncertainties.
The Company has discussed ways in order to mitigate
conditions or events that may raise substantial doubt about its ability to continue as a going concern, there are no assurances that any
of these measures will successfully mitigate or be effective at all. (1) The Company shall pursue financing plans to raise funds to judiciously
spend towards operational expenses, (2) The Company shall continue to employ low cost measures to operate its business and analyze any
unnecessary cost or expense, (3) The Company will seek to avoid unnecessary expenditures, travel, and lodging costs that are not mission
critical to its business.
NOTE 4 – PREPAID TRANSACTIONS
As of August 31, 2025 and February 28, 2025,
the Company had $5,310 and $13,320 of prepaid expenses, respectively, for OTC Market’s annual fee.
NOTE 5 – RELATED PARTY TRANSACTIONS
On May 28, 2014,
the Company executed a service agreement with Strategic-IT Group Inc. Strategic-IT Group Inc. is owned and operated by Rama Mohan R. Busa,
CEO. Services to be provided at $12,000 a month include, but are not limited to, providing office space, IT and related services, business
consulting, and investor relations. On July 27, 2020, the service agreement was assigned to Anvi Global Inc (a company owned by the CEO).
As of August 31, 2025 and February 28, 2025, the Company has an accrued, unpaid balance
due of $900,000 and $900,000, respectively.
On July 27,
2020, Strategic-IT Group Inc., assigned their service agreement with the Company to Anvi Global, Inc. All terms under the original agreement
remain the same. Anvi Global, Inc. is owned by the CEO. As of August 31, 2025 and February 28, 2025,
the Company has accounts payable due to Anvi Global, Inc. of $720,000 and $648,000, respectively.
Since 2018 Rama
Mohan R. Busa, CEO, has advanced funds to the Company from his personal account and related companies. The advances are to pay for operating
expenses, are unsecured, non-interest bearing and due on demand. As of August 31, 2025 and February 28, 2025,
the balance due was $643,825 and $603,605, respectively.
NOTE 6 – SUBSEQUENT EVENTS
In accordance with SFAS 165 (ASC 855-10) management
has performed an evaluation of subsequent events through the date that the financial statements were available to be issued and has determined
that it does not have any material subsequent events to disclose in these financial statements.
Special Note Regarding Forward-Looking Statements
The following discussion should be read in conjunction
with our unaudited financial statements, which are included elsewhere in this Form 10-Q (the “Report”). This Report contains
forward-looking statements which relate to future events or our future financial performance. In some cases, you can identify forward-looking
statements by terminology such as “may,” “should,” “expects,” “plans,” “anticipates,”
“believes,” “estimates,” “predicts,” “potential” or “continue” or the negative
of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties,
and other factors that may cause our or our industry’s actual results, levels of activity, performance or achievements to be materially
different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.
While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current
judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions,
projections, assumptions or other future performance suggested herein. Except as required by applicable law, including the securities
laws of the United States, we do not intend to update any of the forward-looking statements to conform these statements to actual results.
ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS
OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
Anvi Global Holdings, Inc. was incorporated in the
State of Nevada on August 15, 2012 and established a fiscal year end of February 28. We formed the Company to commence operations in the
business of selling crepes; however, we abandoned that business when control of the Company was sold by Tatiana Fumioka, on May 6, 2014.
As a result, we are now controlled by Rama Mohan R. Busa, the principal shareholder and sole officer and director.
Anvi Global Holdings, Inc now intends to become a
diversified, global holdings company with interest in a suite of businesses in various key segments, including mining, infrastructure,
heavy earthworks, health services and aerospace engineering, positioned globally. The Company’s objective is to maximize shareholder
value through investing in and/or acquiring a portfolio of companies in emerging global markets like India, South America and Africa,
adding value to the operating enterprises. The Company plans to invest in or acquire businesses which offer strategic market position,
strong cash flows and robust future potential growth, which are complementary to each other. The Company intends to broaden and intensify
positions in carefully selected investment areas and is poised to have strong presence across these countries. As of the date of this
Report, the Company has not invested in or acquired any assets or company.
Results of Operations
The three months ended August 31, 2025 compared to the three months
ended August 31, 2024
Operating Expenses
General and administrative expenses were $57,022 for
the three months ended August 31, 2025, compared to $51,012 for the three months ended August 31, 2024, an increase of $6,010 or 11.8%.
In the current period, we incurred $36,000 of expense from our service agreement with Strategic-IT Group Inc. (Note 5), professional fees
of $12,320, OTC Market fees of $4,005 and other general expenses of $4,697. In the prior period, we incurred $36,000 of expense from our
service agreement with Strategic-IT Group Inc. (Note 5), professional fees of $9,600, OTC Market fees of $3,900 and other general expenses
of $1,512.
Net Loss
Our net loss for the three months ended August 31,
2025 was $57,022 compared to 51,012 for the three months ended August 31, 2024.
The six months ended August 31, 2025 compared to the six months ended
August 31, 2024
Operating Expenses
General and administrative expenses were $105,270
for the six months ended August 31, 2025, compared to $106,109 for the six months ended August 31, 2024, a decrease of $839 or 0.8%. In
the current period, we incurred $72,000 of expense from our service agreement with Strategic-IT Group Inc. (Note 5), professional fees
of $18,819, OTC Market fees of $7,800 and other general expenses of $6,651. In the prior period, we incurred $72,000 of expense from our
service agreement with Strategic-IT Group Inc. (Note 5), professional fees of $23,200, OTC Market fees of $7,800 and other general expenses
of $3,109.
Net Loss
Our net loss for the six months ended August 31, 2025
was $105,270 compared to $106,109 for the six months ended August 31, 2024.
Liquidity and Capital Resources
Cash Flows from Operating Activities
For the six-month period ended August 31, 2025, net
cash flows used in operating activities was $39,569 compared to $27,508 used by operating activities in the prior period.
Cash Flows from Financing Activities
For the six-month period ended August 31, 2025 and
2024, our CEO advanced the Company $40,220 and $29,100, respectively.
Plan of Operation and Funding
We have no lines of credit or other bank financing
arrangements capital and generate revenues to meet long-term operating requirements. If and when we commence any operations, additional
issuances of equity or convertible debt securities will result in dilution to our current shareholders. Further, such securities might
have rights, preferences or privileges senior to our common stock. Additional financing may not be available upon acceptable terms, or
at all. If adequate funds are not available or are not available on acceptable terms, we may not be able to take advantage of prospective
new business endeavors or opportunities, which could significantly and materially restrict our business operations.
We do not currently engage in enough business activities
that provide cash flow. During the next twelve months we anticipate incurring costs related to:
|
(i) |
filing of Exchange Act reports, and |
|
(ii) |
costs relating to developing our business plan |
ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
None.
ITEM 4. CONTROLS AND PROCEDURES
Evaluation of Disclosure Controls and Procedures
As required by Rule 13a-15 under the Securities Exchange
Act of 1934, we have carried out an evaluation of the effectiveness of our disclosure controls and procedures as of the end of the period
covered by this quarterly report, August 31, 2025. This evaluation was carried out under the supervision and with the participation of
our management, including our Chief Executive Officer and Chief Financial Officer.
Disclosure controls and procedures are controls and
other procedures that are designed to ensure that information required to be disclosed in our reports filed or submitted under the Securities
Exchange Act of 1934 is recorded, processed, summarized and reported, within the time periods specified in the Securities and Exchange
Commission’s rules and forms. Disclosure controls and procedures include controls and procedures designed to ensure that information
required to be disclosed in our company’s reports filed under the Securities Exchange Act of 1934 is accumulated and communicated
to management, including our Chief Executive Officer and Chief Financial Officer, to allow timely decisions regarding required disclosure.
Based upon that evaluation, including our Chief Executive
Officer and Chief Financial Officer, we have concluded that our disclosure controls and procedures were ineffective as of the end of the
period covered by this report due to a material weakness in our internal control over financial reporting, which is described below.
Management’s Report on Internal Control over
Financial Reporting
Our management is responsible for establishing and
maintaining adequate internal control over financial reporting (as defined in Rule 13a-15(f) under the Securities Exchange Act of 1934).
Management has assessed the effectiveness of our internal control over financial reporting as of August 31, 2025, based on criteria using
the Internal Control - Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission.
As a result of this assessment, management concluded that, as of August 31, 2025, our internal control over financial reporting was not
effective. Our management identified the following material weaknesses in our internal control over financial reporting, which are indicative
of many small companies with small staff: (i) inadequate segregation of duties and effective risk assessment; and (ii) insufficient written
policies and procedures for accounting and financial reporting with respect to the requirements and application of both US GAAP and SEC
guidelines.
We plan to take steps to enhance and improve the design
of our internal control over financial reporting. During the period covered by this quarterly report on Form 10-Q, we have not been able
to remediate the material weaknesses identified above. To remediate such weaknesses, we hope to implement the following changes during
our fiscal year ending February 28, 2026: (i) appoint additional qualified personnel to address inadequate segregation of duties and ineffective
risk management; and (ii) adopt sufficient written policies and procedures for accounting and financial reporting. The remediation efforts
set out in (i) and (ii) are largely dependent upon our securing additional financing to cover the costs of implementing the changes required.
If we are unsuccessful in securing such funds, remediation efforts may be adversely affected in a material manner.
Changes in Internal Control over Financial Reporting
There were no changes in our internal control over
financial reporting during the quarter ended August 31, 2025, that have materially affected or are reasonably likely to materially affect,
our internal control over financial reporting.
PART II. OTHER INFORMATION
ITEM 1. LEGAL PROCEEDINGS
There are not presently any material pending legal
proceedings to which the Registrant is a party or as to which any of its property is subject, and no such proceedings are known to the
Registrant to be threatened or contemplated against it.
ITEM 1A. RISK FACTORS
A smaller reporting company is not required to provide the information
required by this Item.
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
None.
ITEM 3. DEFAULTS UPON SENIOR SECURITIES
None.
ITEM 4. MINE SAFETY DISCLOSURES
Not applicable.
ITEM 5. OTHER INFORMATION
During the quarter ended August 31, 2025, no director
or officer of the Company adopted or terminated a contract, instruction or written plan for the purchase or sale of securities of the
Company intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) and/or a non-Rule 10b5-1 trading arrangement.
ITEM 6. EXHIBITS
Exhibit |
Exhibit Description |
Filed
herewith |
Form |
Period
ending |
Exhibit |
Filing
date |
31.1 |
Certification of the Chief Executive Officer and Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 |
X |
|
|
|
|
32.1 |
Certification of the Chief Executive Officer and Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 |
X |
|
|
|
|
101.INS |
Inline XBRL Instance Document |
X |
|
|
|
|
101.SCH |
Inline XBRL Taxonomy Extension Schema Document |
X |
|
|
|
|
101.CAL |
Inline XBRL Taxonomy Extension Calculation Linkbase Document |
X |
|
|
|
|
101.LAB |
Inline XBRL Taxonomy Extension Label Linkbase Document |
X |
|
|
|
|
101.PRE |
Inline XBRL Taxonomy Extension Presentation Linkbase Document |
X |
|
|
|
|
101.DEF |
Inline XBRL Taxonomy Extension Definition Linkbase Definition |
X |
|
|
|
|
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
|
ANVI GLOBAL HOLDINGS, INC. |
|
|
|
Dated: October 8, 2025 |
By: |
/s/ Rama Mohan R. Busa |
|
|
Rama Mohan R. Busa |
|
|
President, Chief Executive Officer, Chief Financial Officer and Chairman of the Board of Directors |