10-Q Filing

GLIDELOGIC CORP. CIK: 1848672 Q3 2023

Filing Information

Form Type	10-Q
Accession Number	`0001848672-22-000024`
Period End Date	20221031
Filing Date	20221216
Fiscal Year	2023
Fiscal Period	Q3
XBRL Instance	glidelogic10q31102022_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 40 Income Statement 40 Cash Flow Statement 36 Stockholders Equity 25

Balance Sheet 40 line items

Line Item	Tag	Value	Unit	Period
CommonStockParOrStatedValuePerShare	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
CommonStockParOrStatedValuePerShare	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
CommonStockSharesAuthorized	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
CommonStockSharesAuthorized	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
CommonStockSharesIssued	`CommonStockSharesIssued`	2.66M	shares	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$20.32K	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$34.71K	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$20.73K	USD	Point-in-time
CommonStockSharesIssued	`CommonStockSharesIssued`	2.66M	shares	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$100.00	USD	Point-in-time
CommonStockSharesOutstanding	`CommonStockSharesOutstanding`	2.66M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$20.32K	USD	Point-in-time
CommonStockSharesOutstanding	`CommonStockSharesOutstanding`	2.66M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$34.71K	USD	Point-in-time
Equipment, Website, net	`PropertyPlantAndEquipmentNetExcludingCapitalLeasedAssets`	$1.50K	USD	Point-in-time
Equipment, Website, net	`PropertyPlantAndEquipmentNetExcludingCapitalLeasedAssets`	$3.69K	USD	Point-in-time
Total Fixed Assets	`AssetsNoncurrent`	$3.69K	USD	Point-in-time
Total Fixed Assets	`AssetsNoncurrent`	$1.50K	USD	Point-in-time
Total Assets	`Assets`	$21.83K	USD	Point-in-time
Total Assets	`Assets`	$38.41K	USD	Point-in-time
Account Payable	`AccountsPayableCurrent`	-	USD	Point-in-time
Account Payable	`AccountsPayableCurrent`	$5.50K	USD	Point-in-time
Loan	`LoansAndLeasesReceivableRelatedParties`	$6.01K	USD	Point-in-time
Loan	`LoansAndLeasesReceivableRelatedParties`	$6.01K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$6.01K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$11.51K	USD	Point-in-time
Total Liabilities	`Liabilities`	$6.01K	USD	Point-in-time
Total Liabilities	`Liabilities`	$11.51K	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, par value $0.001; 75,000,000 shares authorized, 2,663,750 shares issued and outstanding as of October 31, 2022 and 2,663,750 shares issued and outstanding as of January 31, 2022	`CommonStockValue`	$2.66K	USD	Point-in-time
Common stock, par value $0.001; 75,000,000 shares authorized, 2,663,750 shares issued and outstanding as of October 31, 2022 and 2,663,750 shares issued and outstanding as of January 31, 2022	`CommonStockValue`	$2.66K	USD	Point-in-time
Additional Paid in Capital	`AdditionalPaidInCapital`	$25.89K	USD	Point-in-time
Additional Paid in Capital	`AdditionalPaidInCapital`	$25.89K	USD	Point-in-time
Accumulated income/deficit	`RetainedEarningsAccumulatedDeficit`	$1.65K	USD	Point-in-time
Accumulated income/deficit	`RetainedEarningsAccumulatedDeficit`	$12.73K	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquityNoteSubscriptionsReceivable`	$26.90K	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquityNoteSubscriptionsReceivable`	$15.82K	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$38.41K	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$21.83K	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`Revenues`	$24.50K	USD	3 Qtrs
REVENUES	`Revenues`	$142.33K	USD	3 Qtrs
REVENUES	`Revenues`	$94.13K	USD	1 Quarter
REVENUES	`Revenues`	-	USD	1 Quarter
Cost of goods	`CostOfGoodsAndServicesSold`	$130.13K	USD	3 Qtrs
Cost of goods	`CostOfGoodsAndServicesSold`	-	USD	1 Quarter
Cost of goods	`CostOfGoodsAndServicesSold`	$93.00K	USD	1 Quarter
Cost of goods	`CostOfGoodsAndServicesSold`	-	USD	3 Qtrs
Gross Profit	`GrossProfit`	$24.50K	USD	3 Qtrs
Gross Profit	`GrossProfit`	$12.20K	USD	3 Qtrs
Gross Profit	`GrossProfit`	$1.13K	USD	1 Quarter
Gross Profit	`GrossProfit`	-	USD	1 Quarter
General and Administrative Expenses	`GeneralAndAdministrativeExpense`	$2.64K	USD	1 Quarter
General and Administrative Expenses	`GeneralAndAdministrativeExpense`	$13.59K	USD	3 Qtrs
General and Administrative Expenses	`GeneralAndAdministrativeExpense`	$23.28K	USD	3 Qtrs
General and Administrative Expenses	`GeneralAndAdministrativeExpense`	$3.81K	USD	1 Quarter
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$23.28K	USD	3 Qtrs
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$3.81K	USD	1 Quarter
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$2.64K	USD	1 Quarter
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$13.59K	USD	3 Qtrs
NET LOSS/INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$3.81K	USD	1 Quarter
NET LOSS/INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$-10.91K	USD	3 Qtrs
NET LOSS/INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$11.08K	USD	3 Qtrs
NET LOSS/INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$1.51K	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$762.00	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$-2.18K	USD	3 Qtrs
NET LOSS/INCOME	`IncomeLossFromContinuingOperations`	$1.51K	USD	1 Quarter
NET LOSS/INCOME	`IncomeLossFromContinuingOperations`	$-8.73K	USD	3 Qtrs
NET LOSS/INCOME	`IncomeLossFromContinuingOperations`	$11.08K	USD	3 Qtrs
NET LOSS/INCOME	`IncomeLossFromContinuingOperations`	$3.05K	USD	1 Quarter
NET INCOME PER SHARE: BASIC AND DILUTED	`EarningsPerShareBasic`	-	USD	3 Qtrs
NET INCOME PER SHARE: BASIC AND DILUTED	`EarningsPerShareBasic`	-	USD	1 Quarter
NET INCOME PER SHARE: BASIC AND DILUTED	`EarningsPerShareBasic`	-	USD	1 Quarter
NET INCOME PER SHARE: BASIC AND DILUTED	`EarningsPerShareBasic`	-	USD	3 Qtrs
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED	`WeightedAverageNumberOfSharesOutstandingBasic`	2.66M	shares	3 Qtrs
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED	`WeightedAverageNumberOfSharesOutstandingBasic`	2.66M	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED	`WeightedAverageNumberOfSharesOutstandingBasic`	2.00M	shares	3 Qtrs
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED	`WeightedAverageNumberOfSharesOutstandingBasic`	2.01M	shares	1 Quarter

Cash Flow Statement 36 line items

Line Item	Tag	Value	Unit	Period
Net income (loss )	`NetInvestmentIncome`	$11.08K	USD	3 Qtrs
Net income (loss )	`NetInvestmentIncome`	$-8.73K	USD	3 Qtrs
Depreciation Expense	`DepreciationExpenseOnReclassifiedAssets`	$2.19K	USD	3 Qtrs
Depreciation Expense	`DepreciationExpenseOnReclassifiedAssets`	$1.68K	USD	3 Qtrs
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$990.00	USD	3 Qtrs
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	3 Qtrs
Deferred Tax Liability	`IncreaseDecreaseInIncomeTaxes`	$2.18K	USD	3 Qtrs
Deferred Tax Liability	`IncreaseDecreaseInIncomeTaxes`	-	USD	3 Qtrs
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$-2.50K	USD	3 Qtrs
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$5.50K	USD	3 Qtrs
Cash Flows from Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-16.07K	USD	3 Qtrs
Cash Flows from Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$14.39K	USD	3 Qtrs
Equipment	`Equipment`	-	USD	3 Qtrs
Equipment	`Equipment`	$-6.60K	USD	3 Qtrs
Cash Flows from Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$6.60K	USD	3 Qtrs
Cash Flows from Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	3 Qtrs
Loan From Director	`LoansAndLeasesReceivableRelatedPartiesPeriodIncreaseDecrease`	-	USD	3 Qtrs
Loan From Director	`LoansAndLeasesReceivableRelatedPartiesPeriodIncreaseDecrease`	$6.01K	USD	3 Qtrs
Capital Stock	`ProceedsFromIssuanceOfCommonStock`	$5.15K	USD	3 Qtrs
Capital Stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	3 Qtrs
CASH FLOWS from FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	-	USD	3 Qtrs
CASH FLOWS from FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$11.16K	USD	3 Qtrs
NET CHANGE IN CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-14.39K	USD	3 Qtrs
NET CHANGE IN CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$20.66K	USD	3 Qtrs
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$20.32K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$34.71K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$20.73K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$100.00	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$20.32K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$34.71K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$20.73K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$100.00	USD	Point-in-time
Interest paid	`InterestPaid`	-	USD	3 Qtrs
Interest paid	`InterestPaid`	-	USD	3 Qtrs
Income taxes paid	`IncomeTaxesPaid`	-	USD	3 Qtrs
Income taxes paid	`IncomeTaxesPaid`	-	USD	3 Qtrs

Stockholders Equity 25 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$26.90K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$1.09K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$17.33K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$15.82K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$14.97K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$12.86K	USD	Point-in-time
Balance, shares	`SharesOutstanding`	2.00M	shares	Point-in-time
Balance, shares	`SharesOutstanding`	2.66M	shares	Point-in-time
Balance, shares	`SharesOutstanding`	2.00M	shares	Point-in-time
Balance, shares	`SharesIssued`	2.13M	shares	Point-in-time
Balance, shares	`SharesIssued`	2.66M	shares	Point-in-time
Balance, shares	`SharesIssued`	2.66M	shares	Point-in-time
Net loss	`ProfitLoss`	$-3.05K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$8.73K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-11.08K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-1.51K	USD	1 Quarter
Issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$5.15K	USD	3 Qtrs
Issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	3 Qtrs
Issuance of common stock	`StockIssuedDuringPeriodSharesNewIssues`	128,750.00	shares	3 Qtrs
Ending balance, value	`StockholdersEquity`	$26.90K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$1.09K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$17.33K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$15.82K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$14.97K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$12.86K	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.