Alixo-yolloo 10-Q19 Oct 232024 Q2 Quarterly reportFinancial data

Company Profile

Cover

Cover - shares	6 Months Ended
Cover - shares	Aug. 31, 2023	Oct. 19, 2023
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Aug. 31, 2023
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2024
Current Fiscal Year End Date	--02-28
File Number	333-272825
Registrant Name	ALIXO-YOLLOO CORP.
Entity Central Index Key	0001977837
Tax Identification Number	37-1922983
Incorporation State country Code	NV
Address Line1	Business Center Sunkar
Address Line2	Building 47B
Address City	Aktau
Address Country	KZ
Zip Code	130002
City Area Code	252
Local Phone Number	34-66-180
Current Reporting Status	Yes
Interactive Data Current	Yes
Filer Category	Non-accelerated Filer
Small Business	true
Emerging Growth Company	true
extended transition period	false
Shell Company	false
Common Stock Shares Outstanding		5,000,000

BALANCE SHEETS

BALANCE SHEETS - USD ($)	Aug. 31, 2023	Feb. 28, 2023
Current Assets
Cash	$ 332	$ 7,511
Prepaid Expenses		7,000
Total Current Assets	332	14,511
Intangible Assets, Net	40,349	34,626
TOTAL ASSETS	40,681	49,137
Current Liabilities
Accounts Payable	25,808	31,828
Deferred Revenue	2,985
Related Party Loan	16,530	16,380
Total Current Liabilities	45,323	48,208
Total Liabilities	$ 45,323	$ 48,208
Stockholder’ Equity (Deficit)
Common Stock, $0.001 par value, 75,000,000 shares authorized, 5,000,000 and 5,000,000 shares issued and outstanding as of August 31, 2023 and February 28, 2023, respectively	$ 5,000	$ 5,000
Accumulated Deficit	$ (9,642)	$ (4,071)
Total Stockholder’ Equity (Deficit)	(4,642)	929
TOTAL LIABILITIES & STOCKHOLDER’ EQUITY (DEFICIT)	$ 40,681	$ 49,137

BALANCE SHEETS (Parenthetical)

BALANCE SHEETS (Parenthetical) - $ / shares	Aug. 31, 2023	Feb. 28, 2023
Statement of Financial Position [Abstract]
Value Per Share	$ 0.001	$ 0.001
Shares Authorized	75,000,000	75,000,000
Shares Issued	5,000,000	5,000,000
Shares Outstanding	5,000,000	5,000,000

STATEMENT OF OPERATIONS

STATEMENT OF OPERATIONS - USD ($)	3 Months Ended		6 Months Ended
STATEMENT OF OPERATIONS - USD ($)	Aug. 31, 2023	Aug. 31, 2022	Aug. 31, 2023	Aug. 31, 2022
Income Statement [Abstract]
Sales	$ 7,000		$ 14,933
Cost of goods sold
Gross (Loss) profit	7,000		14,933
General and administrative expenses	10,822	219	20,504	309
Total expenses	10,822	219	20,504	309
INCOME (LOSS) BEFORE TAX PROVISION	(3,822)	(219)	(5,571)	(309)
INCOME TAX EXPENSE
NET LOSS	$ (3,822)	$ (219)	$ (5,571)	$ (309)
WEIGHTED AVERAGE SHARES OUTSTANDING, BASIC AND DILUTED	$ 5,000,000	$ 5,000,000	$ 5,000,000	$ 5,000,000
BASIC AND DILUTED NET LOSS PER SHARE	0	0	0	0

Statements of Stockholders' Equ

Statements of Stockholders' Equity - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Balance, shares				5,000,000
Beginning balance, value at Feb. 28, 2022	$ 5,000		$ (2,729)	$ 2,271
Net loss for the period			(90)	(90)
Ending balance, value at May. 31, 2022	5,000		(2,819)	$ 2,181
Balance, shares				5,000,000
Net loss for the period			(219)	$ (219)
Ending balance, value at Aug. 31, 2023	5,000		(9,642)	$ (4,642)
Balance, shares				5,000,000
Beginning balance, value at Feb. 28, 2023	5,000		(4,071)	$ 929
Net loss for the period			(1,749)	(1,749)
Ending balance, value at Aug. 31, 2023	5,000		(9,642)	$ (4,642)
Balance, shares				5,000,000
Beginning balance, value at May. 31, 2023	5,000		(5,820)	$ (820)
Net loss for the period			(3,822)	(3,822)
Ending balance, value at Aug. 31, 2023	$ 5,000		$ (9,642)	$ (4,642)
Balance, shares				5,000,000

STATEMENTS OF CASH FLOWS

STATEMENTS OF CASH FLOWS - USD ($)	6 Months Ended
STATEMENTS OF CASH FLOWS - USD ($)	Aug. 31, 2023	Aug. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES
Net (loss)	$ (5,571)	$ (309)
Accumulated Depreciation	1,277
Increase (decrease) in deferred revenue	2,985
Decrease (increase) in prepaid expenses	7,000
Increase (decrease) in accounts payable	(6,020)
Net cash flows used in operating activities	(329)	(309)
CASH FLOWS FROM INVESTING ACTIVITIES
Intangible Assets	(7,000)
Net cash flows used in investing activities	(7,000)
CASH FLOWS FROM FINANCING ACTIVITIES
Related-party loan	150
Net cash flows provided by financing activities	150
NET INCREASE (DECREASE) IN CASH	(7,179)	(309)
CASH, BEGINNING OF PERIOD	7,511	2,271
CASH, END OF PERIOD	332	1,962
Cash paid for interest
Cash paid for income tax

ORGANIZATION AND DESCRIPTION OF

ORGANIZATION AND DESCRIPTION OF BUSINESS	6 Months Ended
ORGANIZATION AND DESCRIPTION OF BUSINESS	Aug. 31, 2023
Accounting Policies [Abstract]
ORGANIZATION AND DESCRIPTION OF BUSINESS	NOTE 1 – ORGANIZATION AND DESCRIPTION OF BUSINESS Alixo-Yollo Corporation (“the Company”) was incorporated under the laws of the State of Nevada, U.S. on January 17, 2019 (Inception). Alixo-Yolloo Corporation has developed a personal assistant program called 'Alixo' and made the provision of music-recognition services the main focus of its activity.

GOING CONCERN

GOING CONCERN	6 Months Ended
GOING CONCERN	Aug. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
GOING CONCERN	NOTE 2 - GOING CONCERN The financial statements have been prepared on a going concern basis which assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. The Company has generated limited revenues since inception and incurred a loss of $5,571 and $309 for the six months ended August 31, 2023 and 2022, respectively. The Company has incurred losses since inception resulting in an accumulated deficit of $9,642 as of August 31, 2023 and further losses are anticipated in the development of its business. Accordingly, there is substantial doubt about the Company’s ability to continue as a going concern. The ability to continue as a going concern is dependent upon the Company generating profitable operations in the future and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management intends to finance operating costs over the next twelve months with existing cash on hand and loans from directors and/or private placement of common stock.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Aug. 31, 2023
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 3 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars. The Company has adopted a February 28 fiscal year end. The results for the six months ended August 31, 2023, are not necessarily indicative of the results of operations for the full year. These financial statements and related footnotes should be read in conjunction with the consolidated financial statements and footnotes thereto included in the Company’s Annual Report on Form 10-K for the year ended February 28, 2023, filed with the Securities and Exchange Commission. 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 the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates. Cash and Cash Equivalents The Company considers all highly liquid instruments purchased with a maturity of three months or less to be cash equivalents to the extent the funds are not being held for investment purposes. 10 Fair Value of Financial Instruments ASC 820 "Fair Value Measurements and Disclosures" establishes a three-tier fair value hierarchy, which prioritizes the inputs in measuring fair value. The hierarchy prioritizes the inputs into three levels based on the extent to which inputs used in measuring fair value are observable in the market. These tiers include: Level 1: defined as observable inputs such as quoted prices in active markets; Level 2: defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and Level 3: defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions. The carrying value of cash and the Company's loan from shareholder approximates fair value due to their short-term maturity. Software The Company follows the provisions of ASC 985, “Software”, which requires that all costs incurred be expensed until technological feasibility have been established. Impairment of Long-Lived Assets The Company continually monitors events and changes in circumstances that could indicate carrying amounts of long-lived assets may not be recoverable. When such events or changes in circumstances are present, the Company assesses the recoverability of long-lived assets by determining whether the carrying value of such assets will be recovered through undiscounted expected future cash flows. If the total of the future cash flows is less than the carrying amount of those assets, the Company recognizes an impairment loss based on the excess of the carrying amount over the fair value of the assets. Assets to be disposed of are reported at the lower of the carrying amount or the fair value less costs to sell. Property and Equipment Property and equipment are stated at cost and depreciated on the straight-line method over the estimated life of the asset, which is 3 years. Income Taxes The Company follows the liability method of accounting for income taxes. Under this method, deferred income tax assets and liabilities are recognized for the estimated tax consequences attributable to differences between the financial statement carrying values and their respective income tax basis (temporary differences). The effect on deferred income tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. 11 Basic Income (Loss) Per Share The Company computes earnings (loss) per share in accordance with ASC 260-10-45 'Earnings per Share, which requires presentation of both basic and diluted earnings per share on the face of the statement of operations. Basic earnings (loss) per share is computed by dividing net earnings (loss) available to common stockholders by the weighted average number of outstanding common shares during the period. Diluted earnings (loss) per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive earnings (loss) per share excludes al potential common shares if their effect is anti-dilutive. The Company has no potential dilutive instruments, and therefore, basic and diluted earnings (loss) per share are equal. Dividends The Company has not adopted any policy regarding payment of dividends. No dividends have been paid during the period presented. Recent Accounting Pronouncements The Company has reviewed all the recent accounting pronouncements issued to date of the issuance of these financial statements, and does not believe any of these pronouncements will have a material impact on the Company other than those relating to Development Stage Entities discussed above.

COMMON STOCK

COMMON STOCK	6 Months Ended
COMMON STOCK	Aug. 31, 2023
Equity [Abstract]
COMMON STOCK	NOTE 4 – COMMON STOCK The Company has 75,000,000 common shares authorized with a par value of $ 0.001 per share. In July 2021 the Company issued 5,000,000 shares of its common stock at $0.001 per share for total proceeds of $5,000 to a related party (see NOTE 5). As of August 31, 2023, the Company had 5,000,000

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	6 Months Ended
RELATED PARTY TRANSACTIONS	Aug. 31, 2023
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 5 – RELATED PARTY TRANSACTIONS In support of the Company’s efforts and cash requirements, it may rely on advances from related parties until such time that the Company can support its operations or attains adequate financing through sales of its equity or traditional debt financing. Amounts represent advances or amounts paid in satisfaction of liabilities. The advances were considered temporary in nature and were not formalized by a promissory note. As of August 31, 2023, the Company’s CEO and sole director had advanced the Company $ 16,530 In July 2021, the Company sold 5,000,000 shares of common stock at a price of $0.001 per share to its CEO and sole director.

INTANGIBLE ASSETS

INTANGIBLE ASSETS	6 Months Ended
INTANGIBLE ASSETS	Aug. 31, 2023
Accounting Policies [Abstract]
INTANGIBLE ASSETS	NOTE 6 – INTANGIBLE ASSETS The Company follows the provisions of ASC 985, Software, which requires that all costs relating to the purchase or internal development and production of software products to be sold, leased or otherwise marketed, be expensed in the period incurred unless the requirements for technological feasibility have been established. The Company amortizes these costs using the straight-line method over the remaining estimated economic life of the product. 12 During the year ended February 28, 2023, the Company acquired application code for $17,820 and database for $17,000. During the six months ended August 31, 2023, the Company capitalized website developments costs for $ 7,000

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
COMMITMENTS AND CONTINGENCIES	Aug. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 7 – COMMITMENTS AND CONTINGENCIES Contractual Commitments The Company has entered into no contractual commitments as of August 31, 2023. Litigation The Company was not subject to any legal proceedings during the period from January 17, 2019 (Inception) to August 31, 2023 and no legal proceedings are currently pending or threatened to the best of our knowledge.

INCOME TAX PROVISION

INCOME TAX PROVISION	6 Months Ended
INCOME TAX PROVISION	Aug. 31, 2023
Income Tax Disclosure [Abstract]
INCOME TAX PROVISION	NOTE 8 – INCOME TAX PROVISION Deferred Tax Assets As of August 31, 2023, the Company had net operating loss (“NOL”) carry–forwards for Federal income tax purposes of $9,642 that may be offset against future taxable income through 2040. No tax benefit has been recorded with respect to these net operating loss carry-forwards in the accompanying consolidated financial statements as the management of the Company believes that the realization of the Company’s net deferred tax assets of approximately $2,025 was not considered more likely than not and accordingly, the potential tax benefits of the net loss carry-forwards are offset by the full valuation allowance. Deferred tax assets consist primarily of the tax effect of NOL carry-forwards which was used to offset tax payable from prior year’s operations. The Company has provided a full valuation allowance on the deferred tax assets because of the uncertainty regarding its realization. The current valuation of tax allowance is not applicable as of August 31, 2023. Components of deferred tax assets Six Months Ended August 31, 2023 Year Ended February 28, 2023 Net Deferred Tax Asset Non-Current: Net Operating Loss Carry-Forward $ 9,642 $ 4,071 Effective tax rat 21 % 21 % Expected Income Tax Benefit from NOL Carry-Forward 2,025 855 Less: Valuation Allowance (2,025) (855) Deferred Tax Asset, Net of Valuation Allowance $ - $ - 13 The actual tax benefit Six Months Ended August 31, 2023 Year Ended February 28, 2023 Computed “expected” tax expense (benefit) $ (1,170) $ (64) Change in valuation allowance $ 1,170 $ 64 Actual tax expense (benefit) $ - $ -

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
SUBSEQUENT EVENTS	Aug. 31, 2023
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 9 – SUBSEQUENT EVENTS The Company has evaluated subsequent events from August 31, 2023 to the date the financial statements were issued and has determined that there are no items to disclose.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	Aug. 31, 2023
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars. The Company has adopted a February 28 fiscal year end. The results for the six months ended August 31, 2023, are not necessarily indicative of the results of operations for the full year. These financial statements and related footnotes should be read in conjunction with the consolidated financial statements and footnotes thereto included in the Company’s Annual Report on Form 10-K for the year ended February 28, 2023, filed with the Securities and Exchange Commission.
Use of Estimates	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 the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all highly liquid instruments purchased with a maturity of three months or less to be cash equivalents to the extent the funds are not being held for investment purposes. 10
Fair Value of Financial Instruments	Fair Value of Financial Instruments ASC 820 "Fair Value Measurements and Disclosures" establishes a three-tier fair value hierarchy, which prioritizes the inputs in measuring fair value. The hierarchy prioritizes the inputs into three levels based on the extent to which inputs used in measuring fair value are observable in the market. These tiers include: Level 1: defined as observable inputs such as quoted prices in active markets; Level 2: defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and Level 3: defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions. The carrying value of cash and the Company's loan from shareholder approximates fair value due to their short-term maturity.
Software	Software The Company follows the provisions of ASC 985, “Software”, which requires that all costs incurred be expensed until technological feasibility have been established.
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets The Company continually monitors events and changes in circumstances that could indicate carrying amounts of long-lived assets may not be recoverable. When such events or changes in circumstances are present, the Company assesses the recoverability of long-lived assets by determining whether the carrying value of such assets will be recovered through undiscounted expected future cash flows. If the total of the future cash flows is less than the carrying amount of those assets, the Company recognizes an impairment loss based on the excess of the carrying amount over the fair value of the assets. Assets to be disposed of are reported at the lower of the carrying amount or the fair value less costs to sell.
Property and Equipment	Property and Equipment Property and equipment are stated at cost and depreciated on the straight-line method over the estimated life of the asset, which is 3 years.
Income Taxes	Income Taxes The Company follows the liability method of accounting for income taxes. Under this method, deferred income tax assets and liabilities are recognized for the estimated tax consequences attributable to differences between the financial statement carrying values and their respective income tax basis (temporary differences). The effect on deferred income tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. 11
Basic Income (Loss) Per Share	Basic Income (Loss) Per Share The Company computes earnings (loss) per share in accordance with ASC 260-10-45 'Earnings per Share, which requires presentation of both basic and diluted earnings per share on the face of the statement of operations. Basic earnings (loss) per share is computed by dividing net earnings (loss) available to common stockholders by the weighted average number of outstanding common shares during the period. Diluted earnings (loss) per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive earnings (loss) per share excludes al potential common shares if their effect is anti-dilutive. The Company has no potential dilutive instruments, and therefore, basic and diluted earnings (loss) per share are equal.
Dividends	Dividends The Company has not adopted any policy regarding payment of dividends. No dividends have been paid during the period presented.
Recent Accounting Pronouncements	Recent Accounting Pronouncements The Company has reviewed all the recent accounting pronouncements issued to date of the issuance of these financial statements, and does not believe any of these pronouncements will have a material impact on the Company other than those relating to Development Stage Entities discussed above.

INCOME TAX PROVISION (Tables)

INCOME TAX PROVISION (Tables)	6 Months Ended
INCOME TAX PROVISION (Tables)	Aug. 31, 2023
Income Tax Disclosure [Abstract]
deferred tax assets	Components of deferred tax assets Six Months Ended August 31, 2023 Year Ended February 28, 2023 Net Deferred Tax Asset Non-Current: Net Operating Loss Carry-Forward $ 9,642 $ 4,071 Effective tax rat 21 % 21 % Expected Income Tax Benefit from NOL Carry-Forward 2,025 855 Less: Valuation Allowance (2,025) (855) Deferred Tax Asset, Net of Valuation Allowance $ - $ -
actual tax benefit	The actual tax benefit Six Months Ended August 31, 2023 Year Ended February 28, 2023 Computed “expected” tax expense (benefit) $ (1,170) $ (64) Change in valuation allowance $ 1,170 $ 64 Actual tax expense (benefit) $ - $ -

COMMON STOCK (Details Narrative

COMMON STOCK (Details Narrative)	Aug. 31, 2023 $ / shares
Equity [Abstract]
Company issued 5,000,000 shares of its common stock	$ 5,000,000

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative)	Aug. 31, 2023 USD ($)
Related Party Transactions [Abstract]
sole director had advanced the Company	$ 16,530

INTANGIBLE ASSETS (Details Narr

INTANGIBLE ASSETS (Details Narrative)	6 Months Ended
INTANGIBLE ASSETS (Details Narrative)	Aug. 31, 2023 USD ($)
Accounting Policies [Abstract]
website developments costs	$ 7,000

deferred tax assets (Details)

deferred tax assets (Details) - USD ($)	Aug. 31, 2023	Feb. 28, 2023
Income Tax Disclosure [Abstract]
Net Operating Loss Carry-Forward	$ 9,642	$ 4,071
Expected Income Tax Benefit from NOL Carry-Forward	2,025	855
Less: Valuation Allowance	$ (2,025)	$ (855)

actual tax benefit (Details)

actual tax benefit (Details) - USD ($)	6 Months Ended	12 Months Ended
actual tax benefit (Details) - USD ($)	Aug. 31, 2023	Feb. 28, 2023
Income Tax Disclosure [Abstract]
Computed “expected” tax expense (benefit)	$ (1,170)	$ (64)
Change in valuation allowance	1,170	64
Actual tax expense (benefit)

Uncategorized Items - alixo10q_

Label	Element	Value
Equity, Attributable to Parent	us-gaap_StockholdersEquity	$ 1,962
Balance, shares	us-gaap_SharesIssued	5,000,000
Additional Paid-in Capital [Member]
Equity, Attributable to Parent	us-gaap_StockholdersEquity
Common Stock [Member]
Equity, Attributable to Parent	us-gaap_StockholdersEquity	5,000
Retained Earnings [Member]
Equity, Attributable to Parent	us-gaap_StockholdersEquity	$ (3,038)