UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-K

(Mark One)

☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the Fiscal Year Ended April 30, ~~2024~~2025

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Commission File Number: None

ALEXANDER TECH CORP.

(Name of Small Business Issuer in its charter)

Delaware		80-0914174
(State of incorporation)		(IRS Employer Identification No.)

6161 Fleetwood Ct, San Jose, CA		95210
(Address of principal executive office)		(Zip Code)

Registrant’s telephone number, including area code: (916) 276 2547

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol	Name of each exchange on which registered
N/A	N/A	N/A

Securities registered pursuant to Section 12(g) of the Act: None

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☐ No ☒

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ☐ No ☒

Indicate by check mark whether the registrant (1) has filed all reports to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 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 and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes ☒ No ☐

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K ☒

Indicate by check mark whether the registrant is a large, accelerated filer, an accelerated filer, a non-accelerated filer, a 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	☐	Non-accelerated filer	☒
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 Act): Yes ☒ No ☐

The aggregate market value of the voting stock held by non-affiliates of the Company on ~~October~~July 715, ~~2024~~2025, was 0$nil.

As of ~~October~~July 0715, ~~2024~~2025, the Company had 268,725 outstanding shares of common stock.☐

Documents incorporated by reference: None.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

This report includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, or the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act, which include but are not limited to, statements concerning our business strategy, plans and objectives, projected revenues, expenses, gross profit, income, and mix of revenue. These forward-looking statements are based on our current expectations, estimates and projections about our industry, management’s beliefs and certain assumptions made by us. Words such as “anticipates,” “expects,” “intends,” “plans,” “predicts,” “potential,” “believes,” “seeks,” “hopes,” “estimates,” “should,” “may,” “will,” “with a view to” and variations of these words or similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions that are difficult to predict. Therefore, our actual results could differ materially and adversely from those expressed in any forward-looking statements.

Item 1. Business

We are currently a Blank Check Company incorporated on August 17, 2005 as a Delaware Corporation. We plan to acquire a privately held company using shares of our common stock. We have not identified any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with respect to identifying any business combination target.

Business Strategy

We intend to pursue an acquisition opportunity in any business industry or sector. However, we believe the following general criteria and guidelines are important in evaluating prospective target businesses, but we may decide to enter into a business combination with a target business that does not meet these criteria and guidelines.

●

High-Growth Markets. We will seek out opportunities in faster-growing segments of developed markets and emerging international markets.

●

Business with Revenue and Earnings Growth Potential. We will seek to acquire one or more businesses that have multiple, diverse potential drivers of revenue and earnings growth, including but not limited to a combination of development, production, digital and distribution capabilities and balance sheet management. We will focus on assets that currently are undervalued or sub-optimally managed, including those undergoing debt or operational restructuring, where our management is well-positioned to unlock their value.

●

Companies with Potential for Strong Free Cash Flow Generation. We will seek to acquire one or more businesses that have the potential to generate strong and stable free cash flow.

We anticipate structuring our business combination so that the post-transaction company in which our public stockholders’ own shares will own or acquire 100% of the equity interests or assets of the target business or businesses. We may, however, structure our business combination such that the post-transaction company owns or acquires less than 100% of such interests or assets of the target business in order to meet certain objectives of the target management team or shareholders or for other reasons, but we will only complete such business combination if the post-transaction company owns or acquires 50% or more of the outstanding voting securities of the target or otherwise acquires a controlling interest in the target sufficient for it not to be required to register as an investment company under the Investment Company Act of 1940, as amended, or the Investment Company Act. Even if the post-transaction company owns or acquires 50% or more of the voting securities of the target, our stockholders prior to the business combination may collectively own a minority interest in the post-transaction company, depending on valuations ascribed to the target and us in the business combination transaction. For example, we could pursue a transaction in which we issue a substantial number of new shares in exchange for all of the outstanding capital stock of a target. In this case, we would acquire a 100% controlling interest in the target. However, as a result of the issuance of a substantial number of new shares, our stockholders immediately prior to our business combination could own less than a majority of our outstanding shares subsequent to our business combination.

We plan to acquire another entity solely with shares of our common stock, and ~~We added: and~~ the Company intends to register additional shares in order to facilitate future acquisitions. InWe this offering, we are not raising any capital and none of our shareholders are selling their shares. At some point in time, after the effective date of our registration statement, of which this prospectus is a part, we will identify a business we want to acquire and will begin to negotiate the terms of the potential acquisition. Once the terms have been agreed upon, we will sign an agreement with the shareholders of the target entity reflecting the terms of the acquisition.

Once we enter into an agreement to acquire the target entity, we will file an 8-K report under Item 1.01 of Form 8-K, which will contain all the information required by Rule 144(i)(2), as well as the number of shares we propose to issue in connection with the acquisition and the method we used to determine the value of the target entity. We will also file a post-effective amendment to our registration statement disclosing the same information in the 8-K report, plus any other information required by the instructions to Form S-1 and Regulation S-X.

The agreement with the shareholders of the target entity will provide, among other things, that our offer to exchange shares of our common stock for shares of the target entity is subject to:

●

The shareholder’s receipt of the post-effective amendment;

●

The shareholders of the target entity owning a certain percentage of the outstanding shares of the target entity affirming the exchange of their shares for the shares of our common stock. The percentage required for affirmation will be negotiated between us and the target entity.

The agreement with the shareholders of the target entity will be with each shareholder. No merger will be involved and it is not expected the target entity will not call a meeting of its shareholders to approve the terms of the agreement.

The acquisition of the target entity will be approved by our board of directors. We will not call a meeting of our shareholders to approve the acquisition of the target entity. Our shareholders will not be entitled to dissenters’ rights in connection with the acquisition of the target entity.

Once we complete the acquisition of the target entity, we will file an 8-K report under Item 2.01 of Form 8-K.

We will not issue any shares of our common stock until the shareholders of the target entity, owning the minimum number of shares required by our agreement with the target entity, have accepted our offer with respect to the exchange of their shares for shares of our common stock.

We will determine the value of any business we acquire based upon:

●

the value of the assets less the liabilities of the business;

●

the anticipated earnings of the business, or

●

a combination of the foregoing.

Status as a public company

We believe our structure will make us an attractive business combination partner to target businesses. As a public company, we offer a target business an alternative to the traditional initial public offering through a merger or other business combination. In this situation, the owners of the target business would exchange their shares of stock in the target business for shares of our stock or for a combination of shares of our stock and cash, allowing us to tailor the consideration to the specific needs of the sellers. Although there are various costs and obligations associated with being a public company, we believe target businesses will find this method a more certain and cost effective method to becoming a public company than the typical initial public offering. In a typical initial public offering, there are additional expenses incurred in marketing, road show and public reporting efforts that may not be present to the same extent in connection with a business combination with us.

Furthermore, once a proposed business combination is completed, the target business will have effectively become public, whereas an initial public offering is always subject to the underwriters’ ability to complete the offering, as well as general market conditions, which could prevent the offering from occurring. Once public, we believe the target business would then have greater access to capital and an additional means of providing management incentives consistent with stockholders’ interests. It can offer further benefits by augmenting a company’s profile among potential new customers and vendors and aid in attracting talented employees.

We may seek to complete our initial business combination with a company or business that may be financially unstable or in its early stages of development or growth, which would subject us to the numerous risks inherent in such companies and businesses.

We have not identified any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions with respect to identifying any business combination target. From the date of this prospectus, there have been no communications or discussions between any of our officers or directors and any of their potential contacts or relationships regarding a potential business combination. Additionally, we have not engaged or retained any agent or other representative to identify or locate any suitable acquisition candidate, to conduct any research or take any measures, directly or indirectly, to locate or contact a target business. Accordingly, there is no current basis for investors in this offering to evaluate the possible merits or risks of the target business with which we may ultimately complete our business combination. Although our management will assess the risks inherent in a particular target business with which we may combine, we cannot assure you that this assessment will result in our identifying all risks that a target business may encounter. Furthermore, some of those risks may be outside of our control, meaning that we can do nothing to control or reduce the chances that those risks will adversely impact a target business.

We may seek to raise additional funds through a private offering of debt or equity securities in connection with the completion of a business combination. There are no prohibitions on our ability to raise funds privately or through loans in connection with our business combination. At this time, we are not a party to any arrangement or understanding with any third party with respect to raising any additional funds through the sale of securities or otherwise.

Sources of target businesses

We anticipate that target business candidates will be brought to our attention from various unaffiliated sources, including investment bankers, private investment funds. Target businesses may be brought to our attention by such unaffiliated sources as a result of being solicited by us through calls or mailings. These sources may also introduce us to target businesses in which they think we may be interested on an unsolicited basis, since many of these sources will have read this report and know what types of businesses we are targeting. Our officers and directors, as well as their affiliates, may also bring to our attention target business candidates that they become aware of through their business contacts as a result of formal or informal inquiries. While we do not presently anticipate engaging the services of professional firms or other individuals that specialize in business acquisitions on any formal basis, we may engage these firms or other individuals in the future, in which event we may pay a finder’s fee, consulting fee or other compensation to be determined in an arm’s length negotiation based on the terms of the transaction. We will engage a finder only to the extent our management determines that the use of a finder may bring opportunities to us that may not otherwise be available to us or if finders approach us on an unsolicited basis with a potential transaction that our management determines is in our best interest to pursue. Payment of finder’s fees is customarily tied to completion of a transaction, in which case any such fee will be paid out of the funds held in the trust account. In no event, however, will our sponsor or any of our existing officers or directors, or any entity with which they are affiliated, be paid any finder’s fee, consulting fee or other compensation prior to, or for any services they render in order to effectuate, the completion of our business combination (regardless of the type of transaction that it is). None of our sponsor, executive

~~completion of our business combination (regardless of the type of transaction that it is). None of our sponsor, executive~~ officers or directors, or any of their respective affiliates, will be allowed to receive any compensation, finder’s fees or consulting fees from a prospective business combination target in connection with a contemplated acquisition of such target by us. Although some of our officers and directors may enter into employment or consulting agreements with the post-transaction company following our business combination, the presence or absence of any such arrangements will not be used as a criterion in our selection process of an acquisition candidate.

We are not prohibited from pursuing a business combination with a business combination target that is affiliated with our officers or directors, or making the acquisition through a joint venture or other form of shared ownership with our officers or directors. In the event we seek to complete our business combination with a business combination target that is affiliated with our executive officers or directors, we, or a committee of independent directors, would obtain an opinion from an independent investment banking firm which is a member of FINRA, that such an business combination is fair to our company from a financial point of view. We are not required to obtain such an opinion in any other context.

In evaluating a prospective target business, we expect to conduct an extensive due diligence review which will encompass, among other things, meetings with incumbent management and employees, document reviews, interviews of customers and suppliers, inspection of facilities, as well as a review of financial and other information which will be made available to us.

Paras Shah, our sole officer and director, does not have any experience with transactions involving blank check companies.

The time required to select and evaluate a target business and to structure and complete our business combination, and the costs associated with this process, are not currently ascertainable with any degree of certainty. Any costs incurred with respect to the identification and evaluation of a prospective target business with which our business combination is not ultimately completed will result in our incurring losses and will reduce the funds we can use to complete another business combination. We will not pay any finders or consulting fees to members of our management team, or any of their respective affiliates, for services rendered to or in connection with our business combination.

Limited ability to evaluate the target’s management team

Although we intend to closely scrutinize the management of a prospective target business when evaluating the desirability of effecting our business combination with that business, our assessment of the target business’ management may not prove to be correct. In addition, the future management may not have the necessary skills, qualifications or abilities to manage a public company. Furthermore, the future role of members of our management team, if any, in the target business cannot presently be stated with any certainty. While it is possible that one or more of our directors will remain associated in some capacity with us following our business combination, it is unlikely that any of them will devote their full efforts to our affairs subsequent to our business combination. Moreover, we cannot assure you that members of our management team will have significant experience or knowledge relating to the operations of the particular target business.

We cannot assure you that any of our key personnel will remain in senior management or advisory positions with the combined company. The determination as to whether any of our key personnel will remain with the combined company will be made at the time of our business combination.

Following a business combination, we may seek to recruit additional managers to supplement the incumbent management of the target business. We cannot assure you that we will have the ability to recruit additional managers, or that additional managers will have the requisite skills, knowledge or experience necessary to enhance the incumbent management.

Competition

In identifying, evaluating and selecting a target business for our business combination, we may encounter intense competition from other entities having a business objective similar to ours, including other blank check companies, private equity groups and leveraged buyout funds, and operating businesses seeking strategic acquisitions. Many of these entities are well established and have extensive experience identifying and effecting business combinations directly or through affiliates. Moreover, many of these competitors possess greater financial, technical, human and other resources than us. Our ability to acquire larger target businesses will be limited by our available financial resources. This inherent limitation gives others an advantage in pursuing the acquisition of a target business.

Item 1A. Risk Factors.

Not applicable.

Item 1B. Unresolved Staff Comments.

Not applicable.

Item 1C. Cybersecurity.

~~Not~~We ~~applicable.~~presently do not have any substantial activities that require cybersecurity strategies; however the following will be adopted once we begin operations:

We recognize that cybersecurity risks pose a significant threat to the confidentiality, integrity and availability of our information systems, and to our ability to execute on our business strategy and protect stakeholder interests. Our approach to cybersecurity is anchored in formal policies, robust controls, ongoing risk assessment and clear governance structures.

Governance and Oversight

Our sole director, who also serves as our Chief Executive Officer and Chief Financial Officer, has ultimate responsibility for cybersecurity oversight. This individual:

- Reviews our cybersecurity program and risk profile at least quarterly.

- Approves our cybersecurity policies, standards and incident response procedures; and

- Monitors management’s implementation of recommended improvements.

**Management’s Cybersecurity Risk Management and Strategy**

Our cybersecurity program is designed to align with industry’s best practices, including the National Institute of Standards and Technology Cybersecurity Framework (NIST CSF). Key elements include:

- Regular risk assessments and vulnerability scans across our network and cloud environments.

- Formal policies covering access control, data protection, encryption, system configuration and change management.

- Tiered security controls (e.g., firewalls, endpoint protection, multi-factor authentication) to guard against unauthorized access.

- Security awareness training for all personnel, with annual refreshers and real-time phishing simulations; and

- Third-party vendor assessments to ensure service providers meet our cybersecurity requirements.

Incident Response, Monitoring and Detection

We maintain a documented incident response plan detailing roles, responsibilities, communication protocols and escalation paths. In the past fiscal year:

- We deployed continuous monitoring tools and log-management platforms to detect anomalous activity;

- We conducted at least two tabletop exercises simulating a breach scenario and tested our response readiness; and

- We established notification procedures to comply with applicable laws and to inform affected stakeholders promptly in the event of an incident.

Cybersecurity Risks and Outlook

While we have not experienced any material cybersecurity incidents during the fiscal year ended April 30, 2025, we acknowledge that evolving threats such as ransomware, social-engineering attacks and supply-chain vulnerabilities could materially disrupt our operations or expose sensitive information. We continue to:

- Invest in strengthening endpoint and network defenses;

- Enhance logging, detection and response capabilities; and

- Revisit our risk assessments and incident response playbooks to address emerging threat vectors.

We believe our cybersecurity governance, risk management processes and incident response program provide a strong foundation for managing risks, but no cybersecurity program can eliminate all risks entirely. We will continue to evolve our defenses in line with industry developments and regulatory expectations.

Item 2. Properties.

None.

Item 3. Legal Proceedings.

None.

Item 4. Mine Safety Disclosures

None.

Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.

As of ~~October~~July 715, ~~2024~~2025 and April 30, 2025 there was no market for our common stock.

Holders of our common stock are entitled to receive dividends as may be declared by the Board of Directors. Our Board of Directors is not restricted from paying any dividends but is not obligated to declare a dividend. No cash dividends have ever been declared and it is not anticipated that cash dividends will ever be paid.

The company has amended the article of incorporation on January 24, 2022, and the company had filed form 8-K on the same date.

Our current Articles of Incorporation authorize our Board of Directors to issue up to 700,000,000 Class A common shares par value of $0.0000001, each Class A share shall have one vote for one share. 200,000,000 Class B common shares par value of $0.0000001, each Class B share shall have 10 votes for one share 75,000,000 Class C common shares par value of $0.0000001, each Class C share shall have 0 votes for one share, and 25,000,000 Preferred shares par value $0.0000001 each preferred share carries no voting power.

As of ~~October~~July 715, ~~2024~~2025 and April 30, 2025, we had 268,725 outstanding shares of common stock which were owned by approximately 40 shareholders of record.

Item 6. Selected Financial Data

Not applicable.

Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operation.

Executive Overview

We are a “blank check” Company incorporated on August 17, 2005, as a Delaware corporation. We plan to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. On October 14, 2018, we had entered into a Letter of Intent with an unrelated third party. Except for this Letter of Intent, we have not identified any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with respect to identifying any business combination target.

Except as disclosed above, we have not identified any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions directly or indirectly, with respect to identifying any business combination target.

Until we complete an acquisition, we may seek to raise additional funds through a private offering of debt or equity to fund our operations, including the costs associated with being a public company. We are not a party to any arrangement or understanding with any third party with respect to raising any additional capital.

We have neither engaged in any operations nor generated any revenues to date. Our only activities since inception have been organizational activities. We may not generate any operating revenues until after the completion of a business combination. There has been no significant change in our financial condition and no material adverse change has occurred during the last several years. We expect to incur increased expenses as a result of being a public company (for legal, financial reporting, accounting and auditing compliance), as well as for due diligence expenses.

On July 1, 2021, the former President of the Company entered into a stock purchase agreement with A9 Technologies and Holdings LLC, a company controlled by the current President of the Company, to sell 166,988 post-split shares of the Company’s common stock. The total shares sold under the stock purchase agreement represent 62% of the total shares outstanding. On June 10, 2021, A9 Technologies and Holdings, LLC made a $45,000 non-refundable deposit towards the stock purchase, and on July 9, 2021, A9 Technologies and Holdings, LLC made an additional non-refundable deposit of $13,850 towards amounts paid by the former President on behalf of the Company subsequent to the date of the agreement. On September 29, 2021, A9 Technologies and Holdings, LLC made the final $405,000 payment towards the stock purchase, which effected the close of the agreement. Upon closing of the Agreement, the former President of the Company transferred 166,988 post-split shares of the Company’s common stock to A9 Technologies and Holdings, LLC, who then became the majority shareholder. In addition, upon final payment being made, the former President of the Company transferred to A9 Technologies and Holdings, LLC $117,076 of debt that was owed to the former President of the Company at the time of transfer.

On October 7, 2021, Mr. Atlidakis resigned as an officer and director of the Company and Mr. Paras Shah was appointed as the Chief Executive Officer and a director of the Company.

On January 12, 2022, the Company changed its name from The Diamond Cartel Inc. to Alexander Tech Corp.

As of April 30, ~~2024~~2025 we owed A9 Technologies and Holdings, LLC $~~274~~324,~~465~~875 for a transfer of debt from the former President of the Company and expenses incurred on our behalf. The amount we owe A9 Technologies and Holdings, LLC, is non-interest bearing, unsecured, and due on demand.

As of April 30, ~~2024~~2025, we did not have any off-balance sheet arrangements and did not have any commitments or contractual obligations.

Liquidity and Capital Resources

A critical component of our operating plan impacting our continued existence is the ability to obtain additional capital through additional equity and/or debt financing. We do not anticipate generating sufficient positive internal operating cash flow until such time as we can deliver our products to market and generate substantial revenues, which may take the next full year to fully realize, if ever. In the event we cannot obtain the necessary capital to pursue our strategic plan, we may have to significantly curtail our operations. This would materially impact our ability to continue operations.

SUMMARY OF BALANCE SHEET	April 30, ~~2024~~2025			April 30, ~~2023~~2024
Cash and cash equivalents	$	10,~~459~~856		$	910,~~955~~459
Total current assets		1110,~~879~~856			11,~~375~~879
Total assets		~~11.879~~10,856			11~~,375~~.879
Total liabilities		~~317~~367,~~253~~491			~~255~~317,~~405~~253
Accumulated deficit		(~~759~~810,~~590~~851	)		(~~698~~759,~~246~~590	)
Total stockholders’ deficit	$	(305,374	)	$	(244,030	)
Total stockholders' deficit	$	(356,635	)	$	(305,374	)

For the year ended April 30, ~~2024~~2025, the Company recorded a net loss of $6151,~~344~~261 and at April 30, ~~2024~~2025, had a working capital deficit of $~~305~~356,~~374~~635. Since inception we had not established an ongoing source of revenue sufficient to cover our operating costs. During the year ended April 30, ~~2024~~2025, we primarily relied upon advances and loans from related parties to fund our operations. The Company has relied on raising debt and equity capital in order to fund its ongoing day-to-day operations and its corporate overhead. We had $10,~~459~~856 in cash at April 30, ~~2024~~2025, compared to $910,~~955~~459 in cash at April 30, ~~2023~~2024. We had total liabilities of $~~317~~367,~~253~~491 at ~~April~~ April 30, ~~2024~~2025 compared to $~~255~~317,~~405~~253 at April 30, ~~2023~~2024.

Our current cash flow is not sufficient to meet our monthly expenses of approximately $3,000 and to fund future research and development adequately. We intend to rely on additional debt financing, loans from existing stockholders and private placements of common stock for additional funding, however, there is no assurance that additional funding will be available. We do not have material commitments for future capital expenditures. However, we cannot assure you that we will be able to obtain short-term financing, or that sources of such financing, if any, will continue to be available, and if available, that they will be on favorable terms.

Results of Operations

The Year Ended April 30, ~~2024~~2025

SUMMARY OF OPERATIONS	The year ended April 30,
	2024			2023
	2025			2024
Revenues	$	–		$	–
Total operating expenses		6151,~~344~~261			3361,~~451~~344
Net income (loss)		(6151,~~344~~261	)		(3361,~~451~~344	)
Net income (loss) attributable to common stockholders’		(61,344	)		(33,451	)
Net income (loss) attributable to common stockholders'		(51,261	)		(61,344	)
Basic income (loss) per share	$	(0.2319	)	$	(0.1223	)
Diluted income (loss) per share	$	(0.2319	)	$	(0.1223	)

Total operating expenses ~~increased~~decreased to $6151,~~344~~261 during the year ended April 30, ~~2024~~2025 compared to $3361,~~451~~344 during the year ended April 30, ~~2023~~2024. The ~~increase~~decrease during the year ended April 30, ~~2024~~2025 was primarily due to ana ~~increase~~decrease in general and administrative expenses relating to ana ~~increase~~decrease in consulting fees.

As a result of the changes described above, net loss ~~increased~~decreased to $6151,~~344~~261 during the year ended April 30, ~~2024~~2025 compared to $3361,~~451~~344 during the year ended April 30, ~~2023~~2024.

Critical Accounting Policies

Our financial statements and accompanying notes have been prepared in accordance with United States generally accepted accounting principles applied on a consistent basis. The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods.

We regularly evaluate the accounting policies and estimates that we use to prepare our financial statements. A complete summary of these policies is included in note 3 of our financial statements. In general, management’s ~~estimates are based on historical experience, on information from third party professionals, and on various other~~

estimates are based on historical experience, on information from third party professionals, and on various other assumptions that are believed to be reasonable under the facts and circumstances. Actual results could differ from those estimates made by management.

Recent Accounting Pronouncements

We have implemented all new pronouncements that are in effect and that may impact its financial statements and 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 operations.

Item 7A. Quantitative and Qualitative Disclosure about Market Risk

Not applicable.

Item 8. Financial Statements and Supplementary Data.

See the financial statements attached to this report.

Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure.

None.

Item 9A. Controls and Procedures.

Evaluation of Disclosure Controls and Procedures

Under the direction and with the participation of the Company’s management, including the Company’s Chief Executive and Chief Financial Officer, the Company has conducted an evaluation of the effectiveness of the design and operation of its disclosure controls and procedures as of April 30, ~~2024~~2025. The Company maintains disclosure controls and procedures that are designed to ensure that information required to be disclosed in its periodic reports with the Securities and Exchange Commission is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and regulations, and that such information is accumulated and communicated to the Company’s management, including its principal executive officer and principal financial officer, as appropriate, to allow timely decisions regarding required disclosure. The Company’s disclosure controls and procedures are designed to provide a reasonable level of assurance of reaching its desired disclosure control objectives. Based on the evaluation, the Chief Executive and Chief Financial Officer concluded that the Company’s disclosure controls and procedures were not effective as of April 30, ~~2024~~2025.

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 April 30, ~~2024~~2025, based on criteria established in Internal Control-Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (2013). As a result of this assessment management concluded that, as of April 30, ~~2024~~2025, our internal control over financial reporting was not effective as a result of a material weakness in the Company’s overall system of internal controls, which includes:

●

Lack of appropriate segregation of duties:

A lack of segregation of duties within a company can lead to significant risks, including increased potential for fraud, errors, and inefficiencies. When critical tasks and responsibilities are not appropriately divided among different individuals or departments, it creates opportunities for unethical behavior and mistakes to go undetected. This can result in misstated financial statements, regulatory penalties, damage to the company’s reputation, and a loss of investor trust. Implementing proper segregation of duties is essential for effective risk management and maintaining the integrity of financial reporting

● Lack of control procedures that include multiple levels of supervision and review: A lack of control procedures that include multiple levels of supervision and review can significantly undermine a company’s internal control system. Without these layered checks, there is an increased risk of errors, fraud, and non-compliance with regulatory requirements. This deficiency can lead to inaccurate financial reporting, operational inefficiencies, and potential legal issues. Implementing robust control procedures with multiple levels of supervision and review is essential to ensure accuracy, accountability, and adherence to established policies and regulations.

A lack of control procedures that include multiple levels of supervision and review can significantly undermine a company’s internal control system. Without these layered checks, there is an increased risk of errors, fraud, and non-compliance with regulatory requirements. This deficiency can lead to inaccurate financial reporting, operational inefficiencies, and potential legal issues. Implementing robust control procedures with multiple levels of supervision and review is essential to ensure accuracy, accountability, and adherence to established policies and regulations.

●

An overreliance upon independent financial reporting consultants for review of critical accounting areas and disclosures and material, nonstandard transactions.

An overreliance on independent financial reporting consultants can pose significant risks to a company. While these consultants provide valuable expertise, depending too heavily on them for critical accounting areas, disclosures, and material nonstandard transactions can lead to a lack of internal knowledge and oversight. This dependency may result in delayed identification of issues, reduced internal accountability, and potential non-compliance with regulatory standards. It’s crucial for companies to build robust internal financial reporting capabilities and ensure that internal staff are adequately trained and involved in these critical processes.

Changes in Internal Control over Financial Reporting

During the year ended April 30, ~~2024~~2025, there were no changes in the Company’s internal controls that materially affected, or are reasonably likely to materially affect, the Company’s internal control over financial reporting.

Item 9B. Other Information.

None.

Item 10. Directors, Executive Officers and Corporate Governance.

Name	Age	Position
Paras Shah	5051	Chief Executive, Financial and Accounting Officer and a Director

The following is a brief summary of the background of our officer and director including his principal occupation during the five preceding years. Directors serve until their successors are elected and qualified or until they are removed.

Mr. Shah has been our officer and director since October 7, 2021. Mr. Paras Shah is well educated with more than 20 years of professional experience, and he comes from a business family. Over the last 5 years Mr. Shah has worked in financial (Fisher Investments, San Mateo, CA) and software (Nutanix, San Jose, CA) industries helping the sales team drive higher revenue quarter over quarter. Mr. Shah is our promoter, as that term is defined by the Securities and Exchange Commission.

We believe that Mr. Shah is qualified to serve as a director due to his experience with development stage companies.

Our director is not independent as that term is defined in section 803 of the listing standards of the NYSE MKT. Our director does not qualify as a financial expert as that term is defined by the Securities and Exchange Commission. We do not believe a financial expert is necessary since we did not have any revenues for the year ended April 30, ~~2024~~2025.

We have not adopted a Code of Ethics applicable to our principal executive, financial, and accounting officers and persons performing similar functions. We do not believe a Code of Ethics is needed at this time since we have only one officer.

We do not have a compensation committee. Our director serves as our audit committee.

Directors are elected to hold office until the next annual meeting of shareholders and until their successors have been elected and qualified. Executive officers are elected by the directors and hold office until their resignation or removal by directors.

Item 11. Executive Compensation.

The following table sets forth in summary form the compensation paid to our officer during the two years ended April 30, ~~2024~~2025.

Name and Principal Position

Period

Salary (1)

Bonus (2)

Stock Awards (3)

Option Awards (4)

All Other Compensation (5)

Total

Paras Shah

~~2024~~2025

President, Chief Executive, Financial and Accounting Officer

~~2023~~2024

We do not have any consulting or employment agreements with any of our officers or directors. As of ~~October~~July 715, ~~2024~~2025, we had no immediate plans to pay compensation for past services.

Our board of directors may increase the compensation paid to our officers depending upon a variety of factors, including the results of our future operations.

The following table shows the amount which we expect to pay to our executive officer during the twelve months ending April 30, ~~2024~~2025, and the amount of time this officer expects to devote to our business.

Name	Projected Compensation		Percentage of Time to be Devoted to Our Operations

Paras Shah		--		10	%

Stock Options. We have not granted any stock options. In the future, we may grant stock options to our officers, directors, employees or consultants.

Long-Term Incentive Plans. We do not provide our officers or employees with pension, stock appreciation rights, long-term incentive or other plans and have no intention of implementing any of these plans for the foreseeable future.

Employee Pension, Profit Sharing or other Retirement Plans. We do not have a defined benefit, pension plan, profit sharing or other retirement plan, although we may adopt one or more of such plans in the future.

Compensation of Directors. Our directors do not receive any compensation pursuant to any standard arrangement for their services as directors. Although our bylaws permit us to pay our directors for attending meetings, we do not compensate our directors for attending meetings.

Item 12. Security Ownership of Certain Beneficial Owners and Management.

The following table shows the ownership, as of ~~October~~July 715, ~~2024~~2025, of those persons owning beneficially 5% or more of our common stock and the number and percentage of outstanding shares owned by each of our directors and officers and by all officers and directors as a group. Each owner has sole voting and investment power over their shares of common stock.

Name	Shares Owned		% of Outstanding Shares

A9 Technologies and Holdings LLC, a company controlled by Paras Shah		166,988		62%

All officers and directors as a group (1 person)		166,988		62%

Item 13. Certain Relationships and Related Transactions, and Director Independence.

As at April 30, ~~2024~~2025 and ~~2023~~2024, the Company was indebted to A9 Technologies and Holdings, LLC, a company controlled by the current President of the Company, for $~~274~~324,~~465~~875 and $~~211~~274,~~202~~465, respectively, which relates to a transfer of debt from the former President of the Company and expenses incurred on behalf of the Company. These amounts are non-interest bearing, unsecured, and are due on demand.

Item 14. Principal Accountant Fees and Services.

Fruci & Associates II, PLLC,. was our independent registered principal accountant firm since March 5, 2022, and for the year ending April 30, ~~2024~~2025. The following shows the fees we paid to Fruci & Associates II, PLLC. during the one year ended April 30, ~~2024~~2025.

	2024		2023
	2025		2024
Audit Fees	$	726,~~500~~000	$	27,750
Audit-Related Fees	$	--	$	--
Tax Fees	$	--	$	--

Audit fees represent amounts billed for professional services rendered for the audit of our annual financial statements and reviews of our quarterly financial statements.

Audit-related fees represent amounts billed for consents related to regulatory filings, audit/review of financial statements included in our registration statements filed with the Securities and Exchange Commission, and consulting related to the implementation of accounting standards.

Item 15. Exhibits and Financial Statement Schedules.

The following exhibits are filed with this Form 10-K or incorporated by references:

Exhibit No.		Description

3.1		Certificate of Incorporation, as amended. ⁽¹⁾
3.2		Bylaws ⁽²⁾
4.1		Designation of Series A Preferred Stock ⁽¹⁾
31.1		Certification by the Principal Executive Officer
31.2		Certification by the Principal Financial Officer
32.1		Certifications by the Principal Executive and Financial Officers

⁽¹⁾	Incorporated by reference from Amendment No. 2 to our registration statement on Form S-1 filed April 24, 2017.
⁽²⁾	Bylaws Amendment No. 1 to our registration statement on Form S-1 filed April 24, 2017.

Item 16. Form 10-K Summary.

None.

Alexander Tech Corp

April 30, ~~2024~~2025 and ~~2023~~2024

Index

Report of Independent Registered Public Accounting Firm F–1

Report of Independent Registered Public Accounting Firm (PCAOB ID: 5525)	F–1

Balance Sheets as of April 30, 2025 and 2024	F–2

Statements of Operations for the years ended April 30, 2025 and 2024	F–3

Statements of Shareholders’ Deficit for the years ended April 30, 2025 and 2024	F–4

Statements of Cash Flows for the years ended April 30, 2025 and 2024	F–5

Notes to the Financial Statements	F–6

~~Balance~~REPORT OF ~~Sheets~~INDEPENDENT asREGISTERED ofPUBLIC ~~April~~ACCOUNTING ~~30,~~FIRMFruci ~~2024~~& ~~and~~Associates ~~2023~~II, ~~F–2~~PLLC

~~Statements of Operations for the years ended April 30~~Spokane, ~~2024 and 2023 F–3~~Washington

Statements of Shareholders’ Deficit for the years ended April 30, 2024 and 2023 F–4

Statements of Cash Flows for the years ended April 30, 2024 and 2023 F–5

Notes to the Financial Statements F–6

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

5525 Fruci & Associates II, PLLC Spokane, Washington

To the Board of Directors and Shareholders of Alexander Tech Corp.

Opinion on the Financial Statements

We have audited the accompanying balance sheets of Alexander Tech Corp. (“the Company”) as of April 30, ~~2024~~2025 and ~~2023~~2024, and the related statements of operations, shareholders’ deficit, and cash flows for each of the years in the two-year period ended April 30, ~~2024~~2025, and the related notes (collectively referred to as the financial statements). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of April 30, ~~2024~~2025 and ~~2023~~2024 and the results of its operations and its cash flows for each of the years in the two-year period ended April 30, ~~2024~~2025, in conformity with accounting principles generally accepted in the United States of America.

Going Concern

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 2 to the financial statements, the Company has not generated revenue from inception, has a working capital deficiency, and accumulated losses. These factors, among others, raise substantial doubt about the Company’s ability to continue as a going concern. Management’s plans in regard to these matters are also described in Note 2. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

Basis for Opinion

These financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on the Company’s financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

Critical Audit Matters

Critical audit matters are matters arising from the current period audit of the financial statements that were communicated or required to be communicated to the audit committee and that (1) relate to accounts or disclosures that are material to the financial statements and (2) involved our especially challenging, subjective, or complex judgments. We determined that there were no critical audit matters.

Fruci & Associates II, PLLC – PCAOB ID #05525 We have served as the Company’s auditor since 2022. Spokane, Washington ~~October~~July 718, ~~2024~~2025

F-1

Alexander Tech Corp

Balance Sheets

	April 30, 2024			April 30, 2023
	April 30, 2025			April 30, 2024
ASSETS
Current Assets
Cash	$	10,~~459~~856		$	910,~~955~~459
Prepaid expenses		~~1,420~~–			1,420
Total Assets	$	1110,~~879~~856		$	11,~~375~~879
LIABILITIES AND STOCKHOLDERS’ DEFICIT
Current Liabilities
Account payable and accrued liabilities	$	615		$	~~2,115~~615
Due to related party		~~274~~324,~~465~~875			~~211~~274,~~202~~465
Advances payable		42,~~173~~001			42,~~088~~173
Total Liabilities		~~317~~367,~~253~~491			~~255~~317,~~405~~253
Commitments and contingencies		–			–
Shareholders’ Deficit
Preferred Stock, 25,000,000 shares authorized, $0.0000001. par value; 0.48 shares issued and outstanding at April 30, 2024 and 2023		–			–
Preferred Stock, 25,000,000 shares authorized, $0.0000001 par value; 0.48 shares issued and outstanding at April 30, 2025 and 2024		–			–
Class A Common Stock, 700,000,000 shares authorized, $0.0000001.par value; 268,725 shares issued and outstanding at April 30, 2024 and 2023		–			–
Class A Common Stock, 700,000,000 shares authorized, $0.0000001 par value; 268,725 shares issued and outstanding at April 30, 2025 and 2024		–			–
Class B Common Stock, 200,000,000 shares authorized, $0.0000001. par value; no shares issued and outstanding at April 30, 2024 and 2023		–			–
Class B Common Stock, 200,000,000 shares authorized, $0.0000001 par value; no shares issued and outstanding at April 30, 2025 and 2024		–			–
Class C Common stock, 75,000,000 shares authorized, $0.0000001 par value; no shares issued and outstanding at April 30, 2024 and 2023		–			–
Class C Common stock, 75,000,000 shares authorized, $0.0000001 par value; no shares issued and outstanding at April 30, 2025 and 2024		–			–
Additional paid-in capital		454,216			454,216
Accumulated deficit		(~~759~~810,~~590~~851	)		(~~698~~759,~~246~~590	)
Total Shareholders’ Deficit		(~~305~~356,~~374~~635	)		(~~244~~305,~~030~~374	)
Total Liabilities and Shareholders’ Deficit	$	1110,~~879~~856		$	11,~~375~~879

(The accompanying notes are an integral part of these financial statements)

F-2

Alexander Tech Corp

Statements of Operations

	Year Ended April 30,			Year Ended April 30,
	2024			2023
	2025			2024
Revenue	$	–		$	–
Expenses
General and administrative	$	6151,~~344~~261		$	3361,~~451~~344
Net Loss before provision for income tax	$	(6151,~~344~~261	)	$	(3361,~~451~~344	)
Provision for income tax					–
Net Loss	$	(6151,~~344~~261	)	$	(3361,~~451~~344	)
Net Loss Per Common Share – Basic and Diluted	$	(0.2319	)	$	(0.1223	)
Weighted Average Number of Common Shares Outstanding – Basic and Diluted		268,725			268,725

(The accompanying notes are an integral part of these financial statements)

F-3

Alexander Tech Corp

Statements of Shareholders’ Deficit

	PreferredStock						Class A CommonStock							Class B CommonStock					Class C CommonStock				AdditionalPaid-InCapital			Accumulated Deficit			Total
	Preferred Stock					Class A Common Stock							Class B Common Stock					Class C Common Stock			Additional Paid-In Capital		Accumulated Deficit			Total
Balance – April 30, 2022		0.48		$	–			268,725			$	–			–		$	–		–	$	–	$	454,216		$	(664,795	)	$	(210,579	)
Balance – April 30, 2023	0.48		$	–		268,725			$	–			–		$	–		–	$	–	$	454,216	$	(698,246	)	$	(244,030	)
Net loss for the period	–	–		–	–	–		–		–		–	–		–	–		–		–		–		–(61,344	)		(3361,~~451~~344	)		~~(33,451~~	)
Balance – April 30, 2023		0.48		$	–			268,725			$	–			–		$	–		–	$	–	$	454,216		$	(698,246	)	$	(244,030	)
Balance – April 30, 2024	0.48		$	–		268,725			$	–			–		$	–		–	$	–	$	454,216	$	(759,590	)	$	(305,374	)
Net loss for the period	–	–		–	–	–		–		–		–	–		–	–		–		–		–		–(51,261	)		(6151,~~344~~261	)		~~(61,344~~	)
Balance – April 30, 2024		0.48		$	–			268,725			$	–			–		$	–		–	$	–	$	454,216		$	(759,590	)		(305,374	)
Balance – April 30, 2025	0.48		$	–		268,725			$	–			–		$	–		–	$	–	$	454,216	$	(810,851	)	$	(356,635	)

(The accompanying notes are an integral part of these financial statements)

F-4

Alexander Tech Corp

Statements of Cash Flows

	YearEndedApril 30,			YearEndedApril 30,
	Year Ended April 30,			Year Ended April 30,
	2024			2023
	2025			2024
Operating Activities:
Net loss	$	(6151,~~344~~261	)	$	(3361,~~451~~344	)
Adjustments to reconcile net loss to net cash used in operating activities:
change in related party advances.		85			(485	)
Foreign exchange (loss) gain on amount due to related party		(172	)		85
Changes in operating assets and liabilities:
Prepaid expenses		1,420			–
Accounts payable and accrued liabilities		~~(1,500~~–	)		(1,500	)
Net Cash Used in Operating Activities		(6250,~~759~~013	)		(3562,~~436~~759	)
Financing Activities:
Proceeds of loan from related party		6350,~~263~~410			4563,~~391~~263
Net Cash Provided by Financing Activities		6350,~~263~~410			4563,~~391~~263
Change in Cash		~~504~~397			~~9,955~~504
Cash – Beginning of Year		910,~~955~~459			–9,955
Cash – End of Year	$	10,~~459~~856		$	910,~~955~~459
Supplemental Disclosures:
Interest paid	$	–		$	–
Income taxes paid	$	–		$	–

(The accompanying notes are an integral part of these financial statements)

F-5

Business Description

Alexander Tech Corp (the “Company”) was incorporated in the State of Delaware on August 17, 2005. The Company is a Blank Check Company which plans to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business with one or more businesses. On July 14, 2018, the Company had entered into a Letter of Intent with an unrelated third party. Except for this Letter of Intent, the Company has not identified any business combination target and has not, nor has anyone on its behalf, initiated any substantive discussions, directly or indirectly, with any business combination target. On January 12, 2022, the Company changed its name from The Diamond Cartel Inc. to Alexander Tech Corp.

Going Concern

These financial statements have been prepared on a going concern basis, which contemplates the Company will continue to realize its assets and discharge its liabilities in the normal course of business. The Company has not generated any revenue since inception. As of April 30, ~~2024~~2025, the Company has a working capital deficiency of $~~305~~356,~~374~~635 and has accumulated losses of $~~759~~810,~~590~~851 since inception. These factors, among others, raise substantial doubt regarding the Company’s ability to continue as a going concern. The continuation of the Company as a going concern is dependent upon the continued financial support from its stockholders, the ability of the Company to obtain necessary equity financing to continue operations. These financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. The Company intends to fund its activities through debt and equity financing arrangements. There is no assurance that the Company will obtain the necessary financing to complete its objectives.

Summary of Significant Accounting Policies

Basis of Presentation

The Company’s financial statements are prepared in accordance with accounting principles generally accepted in the United States.

Use of Estimates

The preparation of financial statements in accordance with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses in the reporting period. The Company regularly evaluates estimates and assumptions related to deferred income tax asset valuations. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected.

Cash and Cash Equivalents

For purposes of the statement of cash flows, the Company considers all highly liquid instruments with maturity of three months or less at the time of issuance to be cash equivalents.

(The accompanying notes are an integral part of these financial statements)

F-6

Summary of Significant Accounting Policies (continued)

Basic and Diluted Net Income (Loss) Per Share

The Company computes net income (loss) per share in accordance with ASC 260, Earnings per Share which requires presentation of both basic and diluted earnings per share (EPS) on the face of the income statement. Basic EPS is computed by dividing net income (loss) available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period including convertible debt, stock options, and warrants, using the treasury stock method, and convertible securities, using the if-converted method. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all dilutive potential shares if their effect is anti-dilutive.

Related Parties

The Company follows ASC 850, Related Party Disclosures, for the identification of related parties and disclosure of related party transactions. See Note 5.

Income Taxes

Potential benefits of income tax losses are not recognized in the accounts until realization is more likely than not. The Company has adopted ASC 740, Income Taxes as of its inception. Pursuant to ASC 740, the Company is required to compute tax asset benefits for net operating losses carried forward. The potential benefits of net operating losses have not been recognized in these financial statements because the Company cannot be assured it is more likely than not it will utilize the net operating losses carried forward in future years.

ASC Topic 740.10.30 clarifies the accounting for uncertainty in income taxes recognized in an enterprise’s financial statements and prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. ASC Topic 740.10.40 provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition. The Company has no material uncertain tax positions for any of the reporting periods presented.

Fair value

Accounting standards regarding fair value of financial instruments define fair value, establish a three-level hierarchy which prioritizes and defines the types of inputs used to measure fair value, and establish disclosure requirements for assets and liabilities presented at fair value on the balance sheets. Fair value is the amount that would be received from the sale of an asset or paid for the transfer of a liability in an orderly transaction between market participants. A liability is quantified at the price it would take to transfer the liability to a new obligor, not at the amount that would be paid to settle the liability with the creditor.

The three-level hierarchy is as follows:

●

Level 1 inputs consist of unadjusted quoted prices for identical instruments in active markets.

●

Level 2 inputs consist of quoted prices for similar instruments.

●

Level 3 valuations are derived from inputs which are significant and unobservable and have the lowest priority.

Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. The carrying amounts reported in the balance sheet for amounts due to related party approximate their fair market value based on the short-term maturity of these instruments.

(The accompanying notes are an integral part of these financial statements)

F-7

Summary of Significant Accounting Policies (continued)

Recent Accounting Pronouncements

In November 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures to improve the disclosures about reportable segments and include more detailed information about a reportable segment’s expenses. This ASU also requires that a public entity with a single reportable segment, to provide all of the disclosures required as part of the amendments and all existing disclosures required by Topic 280. The ASU should be applied retrospectively to all prior periods presented in the financial statements and is effective for fiscal years beginning after December 31, 2023 and interim period within fiscal years beginning after December 15, 2024. Early adoption is permitted. Since this new ASU addresses only disclosures, the Company does not expect the adoption of this ASU to have any material effects on its financial condition, results of operations or cash flows. The Company is currently evaluating any new disclosures that may be required upon adoption of ASU 2023-07.

The Company has implemented all new pronouncements that are in effect and that may impact its financial statements and 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 operations.

Advances Payable

On July 14, 2018, the Company executed a Letter of Intent (the “LOI”) with a Corporation registered in the country of Chile (“Corporation”). Pursuant to the LOI, the Corporation agreed to exchange 100% of its total issued and outstanding shares for 3,916,988 shares of common stock of the Company. In addition, the Corporation agreed to provide funding of $500,000 and to enter into a consulting contract with the former President of Company. Of the $500,000 funding, $15,000 was payable to the former President of the Company immediately upon acceptance of the LOI. The $15,000 was refundable in the event the terms of the LOI were not met. Of the $500,000 funding, $135,000 was to be deposited to a trust account with the Company’s legal counsel for payment of outstanding payables, closing costs associated with the transaction and costs associated with raising capital for the Company. Once the Company raised a minimum of $4,500,000 after the completion the transaction, the former President of the Company was to receive the remaining $350,000. Upon change in management of the Company, the LOI was abandoned. As at April 30, ~~2024~~2025, the Company recorded on its balance sheets advances payable of $42,~~173~~001 (April 30, ~~2023~~2024 - $42,~~088~~173) representing professional fees paid on behalf of the Company.

Related Party Transactions

As at April 30, ~~2024~~2025 and April 30, ~~2023~~2024, the Company was indebted to a company controlled by the current President of the Company for $~~274~~324,~~465~~875 and $~~211~~274,~~202~~465, respectively, which relates to a transfer of debt from the former President of the Company and expenses incurred on behalf of the Company. These amounts are non-interest bearing, unsecured, and are due on demand.

Share Capital

On January 12, 2022, the Company amended its Articles of Incorporation, terminating the designation of 54,000 shares of authorized and unissued preferred shares as Series A Preferred Stock, increasing the number of Preferred Stock authorized from 1,000,000 with a par value of $0.001, to 25,000,000 with a par value of $0.0000001, terminating the designation of 200,000,000 shares of Common Stock authorized, amended the authorization to issue 700,000,000 Class A Common Stock with a par value of $0.0000001, 200,000,000 Class B Common Stock with a par value of $0.0000001, and 75,000,000 Class C Common Stock with a par value of $0.0000001, and effectuated a reverse stock split of all of the Company’s outstanding shares of Common Stock into Class A Common Stock by a ratio of 1:0.3, which resulted in 268,725 Class A Common Stock issued and outstanding.

There were no share transactions during the years ended April 30, ~~2024~~2025 or ~~2023~~2024.

7. Income Taxes

The reconciliation of income tax benefit at the U.S. statutory rate of 21% for the period ending April 30, 2024, and 2023 to the Company’s effective tax rate is as follows:

Schedule of reconciliation of income tax benefit

	2024			2023
US Statutory Rate		21	%		21	%
Tax benefit at U.S. statutory rate	$	10,638		$	7,025
Change in valuation allowance		(10,638	)		(7,025	)
Net deferred income tax asset	$	–		$	–

(The accompanying notes are an integral part of these financial statements)

F-8

7. Income Taxes ~~(continued)~~

The ~~tax~~reconciliation ~~effects~~ of ~~temporary~~income ~~differences~~tax ~~that~~benefit ~~give~~at ~~rise~~the toU.S. ~~significant~~statutory ~~portions~~rate of ~~the~~21% ~~net~~for ~~deferred~~the ~~tax~~period ~~assets~~ending at April 30, ~~2024~~2025, and 2024 to the Company’s ~~2023~~effective ~~are~~tax rate is as follows:

Schedule of deferred tax assets

	2025			2024

US Statutory Rate		21	%		21	%
Tax benefit at U.S. statutory rate	$	10,765		$	10,638
Change in valuation allowance		(10,765	)		(10,638	)

Net deferred income tax asset	$	–		$	–

	2024			2023
Net operating loss:	$	157,270		$	146,632
Valuation allowance		(157,270	)		(146,632	)
	$	–		$	–
Change in valuation allowance:
Balance, prior year	$	(146,632	)	$	(139,607	)
Effect of change in tax rate		–			–
Increase in valuation allowance		(10,638	)		(7,025	)
Balance, current year	$	(157,270	)	$	(146,632	)

The tax effects of temporary differences that give rise to significant portions of the net deferred tax assets at April 30, 2025 and 2024 are as follows:

The Company has approximately $748,904 of net operating losses (“NOL”) carried forward to offset taxable income, if any, in future years. $482,413 of NOL expire between fiscal 2025 and 2037, and $266,491 will carry forward indefinitely, and the deductibility of such NOL is limited to 80% of taxable income. In assessing the realization of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income and tax planning strategies in making this assessment. Based on the assessment, management has established a full valuation allowance against all of the deferred tax asset relating to NOLs for every period because it is more likely than not that all of the deferred tax asset will not be realized.

Schedule of deferred tax assets	2025			2024

Net operating loss:	$	153,231		$	157,270
Valuation allowance		(153,231	)		(157,270	)

	$	–		$	–

Change in valuation allowance:

Balance, prior year	$	(157,270	)	$	(146,632	)
Effect of change in tax rate		–			–
Expiration of net operating loss		14,803			–
Increase in valuation allowance		(10,765	)		(10,638	)

Balance, current year	$	(153,232	)	$	(157,270	)

The Company has approximately $729,673 of net operating losses (“NOL”) carried forward to offset taxable income, if any, in future years. $453,709 of NOL expires between fiscal 2026 and 2037, and $275,964 will carry forward indefinitely, and the deductibility of such NOL is limited to 80% of taxable income. In assessing the realization of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income and tax planning strategies in making this assessment. Based on the assessment, management has established a full valuation allowance against all of the deferred tax asset relating to NOLs for every period because it is more likely than not that all of the deferred tax asset will not be realized.

The Company’s net operating loss carryforwards are subject to review and possible adjustment by the Internal Revenue Service and are subject to certain limitations in the event of cumulative changes in the ownership interest of significant stockholders over a three-year period in excess of 50%.

87. Subsequent Events

Management has evaluated subsequent events through the date that these financial statements were issued. There have been no events that would require adjustment to or disclosure in the financial statements.

(The accompanying notes are an integral part of these financial statements)

F-9

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) 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.

	ALEXANDER TECH CORP.
Dated: October 7, 2024	By:	/s/ Paras Shah
Dated: July 18, 2025	By:	/s/ Paras Shah
		Paras Shah
		Principal Executive Officer

Pursuant to the requirements of the Securities Exchange Act of l934, this Report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.

Signature	Title	Date
/s/ Paras Shah	Principal Executive, Financial and Accounting Officer and a Director	~~October~~July 718, ~~2024~~2025
Paras Shah

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