ECXJ — what changed in the latest 10-K

Text added vs the prior filing · source: 10-K · 2026-09-11

• software copyrights with the PRC State Copyright Bureau, and 2 registered domain names.

• Despite our efforts to protect ourselves from infringement or misappropriation of our intellectual property rights, unauthorized parties may attempt to copy or otherwise obtain and use our intellectual property. In the event of a successful claim of infringement and our failure or inability to devel…

• As of May 31, 2026, the Company has 17 employees, all of which were on a full-time basis. The following table sets forth the number of our full-time employees categorized by function as of May 31, 2026:

• There are 16 employees based in HZ CXJ and a employee in SZ CXJ respectively, where our operations are located.

Text removed vs the prior filing · source: 10-K · 2025-09-15

• Despite our efforts to protect ourselves from infringement or misappropriation of our intellectual property rights, unauthorized parties may attempt to copy or otherwise obtain and use our intellectual property. In the event of a successful claim of infringement and our failure or inability to devel…

• As of May 31, 2025, the Company has 19 employees, all of which were on a full-time basis. The following table sets forth the number of our full-time employees categorized by function as of May 31, 2025:

• There are 15 employees based in HZ CXJ, 1 employee in SZ CXJ and 3 employees in Longkou CXJ respectively, where our operations are located.

Text added vs the prior filing · source: 10-K · 2026-09-11

• For the year ended May 31, 2026, the revenue is $531,606, an increase of $72,974 or 16%, as compared to that for the year ended May 31, 2025 of $458,632. The increment is mainly due to the increase revenue of automotive products $198,308 and offset decrease of brand name management fees $125,334.

• For the year ended May 31, 2026, the cost of revenue is $175,396, an increase of $89,421 as compared to that of May 31, 2025 of $85,975. The increment is mainly due to the increase in sales of motor oil & auto parts $55,405, fuel additive cleaner $25,457, exhaust gas cleaner $9,654 and offset decrea…

• Gross profit was $356,210 for the year ended May 31, 2026, a decrease of $16,447 or 4%, as compared to that of May 31, 2025 of $372,657. The decrement primarily due to the change of product mix, decrease of brand name management fees $125,334 offset increase of motor oil & auto parts $21,890, introd…

• Operating expenses are $656,758 and $2,621,723 for the years ended May 31, 2026 and 2025 respectively, as compared that is a decrease of $1,964,965. The decrease is mainly due to impairment of goodwill decreased by $1,742,577 was due to the goodwill was fully impaired in 2025, consultancy fee decrea…

• Other income is $299,870 for the year ended May 31, 2026, an increase of $300,378, as compared to that of May 31, 2025 of other expenses $508. The increase is mainly due to project called off and written off of accrual legal fee $300,000.

Text removed vs the prior filing · source: 10-K · 2025-09-15

• Less: Net Loss Attributable to Non-controlling Interest - (3,265) 3,265

• Operating expenses are $2,621,723 and $3,791,453 for the years ended May 31, 2025 and 2024 respectively, as compared that is a decrease of $1,169,730. The decrease is mainly due to the decrease in impairment of intangible assets $1,155,802, amortization of intangible assets $138,696, consultancy fee…

• Net loss totalled $2,284,025 and $2,135,674 for the year ended May 31, 2025 and 2024 respectively, that is an increase net loss of $148,351, primarily due to the above changes of revenues and expenses.

• As of May 31, 2025, we had working capital deficit of $1,570,983, a decrease of working capital $126,633, as compared to working capital deficit of $1,444,350 as of May 31, 2024, that is due to decrease of working capital from total current assets of $250,999 and offset increase total current liabil…

• Decrease of working capital $126,633 is mainly due to decrease in prepayment $288,411, accounts receivable $56,314, amount due to director $75,507, and offset increase of cash and cash equivalents $7,516, deposits and other receivables $ 55,004, due to related parties $22,502, inventories $8,704, ac…