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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 

FORM 10-Q

 

[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended October 31, 2024

or

 

[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from __________ to __________

 

Commission file number 333-271350

 

MARKY CORP.

(Exact name of registrant as specified in its charter)

 

 

Wyoming   32-0689703   7370
(State or Other Jurisdiction of Incorporation or Organization)  

(I.R.S. Employer

Identification Number)

   (Primary Standard Industrial Classification Code Number)

 

 

Kos Ramirez Maximiliano,

President and Chief Executive Officer

San Sebastian 309, Martinica León,

Guanajuato, Mexico 37500

Phone: + 1-860-9730746

 

(Address, including Zip Code, and Telephone Number, including Area Code, of Registrant's Principal Executive Office)

 

Securities registered under Section 12(b) of the Exchange Act: None

 

Indicate by check mark whether the registrant (1) has filed all reports required 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 [X]       No [ ]

 

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).

Yes [ ]       No [X]

 

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 [   ] Accelerated Filer [   ]
Non-accelerated Filer [X] Smaller reporting company [X]
  Emerging growth company [X]

 

If an emerging growth company, indicate by check mark 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 7(a)(2)(B) of the Securities Act. [ ]

 

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes [ ]       No [X]

 

State the number of shares outstanding of each of the issuer's classes of common equity, as of the latest practicable date:  4,330,797 common shares issued and outstanding as of December 16, 2024.

 

 
 

 

 

MARKY

FORM 10-Q

Quarterly Period Ended October 31, 2024

 

 

 

TABLE OF CONTENTS

 

    Page
PART I  FINANCIAL INFORMATION:  
     
Item 1. Financial Statements (Unaudited) 5
  Condensed Balance Sheets as of October 31, 2024 (Unaudited) and January 31, 2024 6
  Condensed Statements of Operations for the three and nine months ended October 31, 2024 and 2023 (Unaudited) 7
  Condensed Statements of Stockholders' Deficit for the three and nine months ended October 31, 2024  and 2023 (Unaudited) 8
  Condensed Statements of Cash Flows for the nine months ended October 31, 2024  and 2023 (Unaudited) 9
  Notes to the Condensed Unaudited Financial Statements 10
     
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations 14
     
Item 3. Quantitative and Qualitative Disclosures About Market Risk 16
     
Item 4. Controls and Procedures 16
     
PART II OTHER INFORMATION:  
     
Item 1. Legal Proceedings 17
     
Item 1A Risk Factors 17
     
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 17
     
Item 3. Defaults Upon Senior Securities 17
     
Item 4. Mine Safety Disclosures 17
     
Item 5. Other Information 17
     
Item 6. Exhibits 17
     
Signatures   17

 

 

 

3

 
 

Special Note Regarding Forward—Looking Statements

 

Statements made in this Form 10-Q that are not historical or current facts are "forward-looking statements" made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 (the “Act”) and Section 21E of the Securities Exchange Act of 1934. These statements often can be identified by the use of terms such as “may,” “will,” “expect,” “believe,” “anticipate,” “estimate,”, “approximate” or “continue”, or the negative thereof. We intend that such forward-looking statements be subject to the safe harbors for such statements. We wish to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Any forward-looking statements represent management's best judgment as to what may occur in the future. However, forward-looking statements are subject to risks, uncertainties and important factors beyond our control that could cause actual results and events to differ materially from historical results of operations and events and those presently anticipated or projected. We disclaim any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statement or to reflect the occurrence of anticipated or unanticipated events.

 

Financial information contained in this quarterly report and in our unaudited interim financial statements is stated in United States dollars and are prepared in accordance with United States generally accepted accounting principles.

 

 

 

 

 

 

 

 

 

 

 

 

 

4

 
 

PART I - FINANCIAL INFORMATION

 

Item 1.   Financial Statements.

 

The accompanying interim condensed financial statements of Marky Corp.(“the Company,” “we,” “us” or “our”), have been prepared without audit pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with United States generally accepted principles have been condensed or omitted pursuant to such rules and regulations. The interim financial statements are condensed and should be read in conjunction with the Company’s latest annual financial statements.

 

In the opinion of management, the financial statements contain all material adjustments, consisting only of normal adjustments considered necessary to present fairly the financial condition, results of operations, and cash flows of the Company for the interim periods presented.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

5

 
 

 

MARKY CORP.

BALANCE SHEETS

(Unaudited)

 

          October 31, 2024 (Unaudited) January 31, 2024 (Audited)
ASSETS      
  Current Assets    
            Сash and Cash Equivalents 4,600 23,630
  Total Current Assets 4,600 23,630
       
  Other Assets    
    Mobile App Development program, net 70,017 83,650
    Intangible Assets, net 46,046 28,650
  Total Other Assets 116,063 112,300
TOTAL ASSETS 120,663 135,930
     
LIABILITIES & STOCKHOLDERS DEFICIT    
  Liabilities    
    Current Liabilities    
    Other Current Liabilities    
      Accounts Payable 150 -
      Deferred revenue 12,176 -
      Loan from Related Parties 110,604 112,102
    Total Other Current Liabilities 122,930 112,102
    Total Current Liabilities 122,930 112,102
  Total Liabilities 122,930 112,102
  Stockholders Deficit      
   

Common Stock, $0.001 par value, 75,000,000 shares authorized;

4,330,797 and 4,241,130 shares of common stock issued as of October 31, 2024 and January 31, 2024,

 4,331 4,241
    Additional Paid in Capital 24,093 21,493
    Accumulated Deficit (30,691) (1,906)
  Total  Stockholders’ deficit (2,267) 23,828
TOTAL LIABILITIES & STOCKHOLDER`S DEFICIT 120,663 135,930
             

 

 

 

 

The accompanying notes are an integral part of these unaudited financial statements.

 

6

 
 

 

MARKY CORP.

STATEMENTS OF OPERATIONS

(Unaudited)

 

 

   

For the three

months ended

October 31, 2024

  

For the three

months ended

October 31, 2023

  

For the nine

months ended

October 31, 2024

  

For the nine

months ended

October 31, 2023

Revenues                
Software Sales $ 16,491 $ - $ 24,484 $ 400
Total Revenues   16,491   -       400
                 
Operating Expenses                
Advertising and Promotion   -   -   49    
Bank service Charges   -   -   79   115
Depreciation Expense   7,516   2,184   19,236   3,367
Professional fees   2,600   1,500   33,905   11,564
Total Operating Expenses   10,116   6,198   53,269   15,046

 

Net Income (Loss) from Operations

   6,375   (3,684)   (28,785)   (14,646)

 

Provision for Income Taxes

   -   -   -   -
                 
Net Income (Loss)  $ 6,375 $ (3,684) $ (28,785) $ (14,646)
                 
Income (Loss) per Common Share – Basic & Diluted $ 0.00 $ 0.00 $ 0.01 $ 0.00
                 
Weighted Average Number of Common Shares Outstanding-Basic & Diluted   4,330,797   3,668,808   4,307,914   1,249,812
                 
                 

 

 

 

The accompanying notes are an integral part of these unaudited financial statements.

 

7

 
 

 

MARKY CORP.

STATEMENTS OF CHANGES IN STOCKHOLDERS’ DEFICIT

For the Three and Nine Months Ended October 31, 2024 and 2023

(Unaudited)

                   
 

Number of

common

  

Additional

Paid-in-

Capital

  

Accumulated

deficit

  

 

 

Total

Shares   Amount            
                   
Balance as of July 31, 2024 4,330,797 $ 4,331 $ 24,093 $ (37,066) $ (8,642)
Net Income for the three months ended October 31, 2024 -   -   -   6,375   6,375
Balance as of October 31, 2024 4,330,797 $ 4,331 $ 24,093 $ (30,691) $ (2,267)
                   
Balance as of July 31, 2023 3,500,000 $ 3,500 $ - $ (11,324) $ (7,824)
Net Income for the three months ended October 31, 2023 -   -   -   (3,684)   (3,684)
Sales of common stock at $0.03 per share 441,797 $ 442 $ 12,812 $ - $ 13,254
Balance as of October 31, 2023 3,941,797 $ 3,942 $ 12,812 $ (15,008) $ 1,746

 

 

 

Balance as of January 31, 2024 4,241,130 $ 4,241 $ 21,493    $ (1,906)   $ 23,828
Net Income for the nine months ended October 31, 2024 -   -   -   (28,785)   (28,785)
Sales of common stock at $0.03 per share 89,667 $ 90 $ 2,600 $ - $ 2,690
Balance as of October 31, 2024 4,330,797 $ 4,331 $ 24,093 $ (30,691) $ (2,267)
                   
Balance as of January 31, 2023 3,500,000 $ 3,500 $ - $ (362) $ 3,138
Net Income for the nine months ended October 31, 2023 -   -   -   (14,646)   (14,646)
Sales of common stock at $0.03 per share 441,797 $ 442 $ 12,812 $ - $ 13,254
Balance as of October 31, 2023 3,941,797 $ 3,942 $ 12,812 $ (15,008) $ 1,746

 

 

 

The accompanying notes are an integral part of these unaudited financial statements.

 

8

 

 
 

MARKY CORP.

STATEMENTS OF CASH FLOWS

(Unaudited)

 

 

 

   

For the nine months ended October 31, 2024

(unaudited)

  

For the nine months ended October 31, 2023

(unaudited)

OPERATING ACTIVITIES        
Net Income (Loss) $ (35,160) $ (14,646)

Adjustments to reconcile Net Income
to net cash provided by operations:

    
Accounts Receivable   8,379   -
Changes in operating assets and liabilities:        
Amortization   11,721   -
Accounts Payable   10,613   19,445
Cash Flows Provided by (Used in) Operating Activities   (25,792)   4,799
         
INVESTING ACTIVITIES       -
Intangible Assets   (23,000)   109,500
Cash Flows Used in Investing Activities   (23,000)   109,500
         
FINANCING ACTIVITIES        
       Proceeds from the sale of common stock   90   442
Additional Paid-in Capital   2,600   12,812
Proceeds from related party loan   1,499   85,601
Cash Flows Provided by Financing                                                 Activities   4,189   98,855
         
Net cash increase (decrease) for period   (23,258)   (2,129)
Cash at beginning of period   23,630   2,500
Cash at end of period $ 372 $ 4,629

 

 

 

The accompanying notes are an integral part of these unaudited financial statements.

 

 

9

 
 

 

MARKY CORP.

NOTES TO THE UNAUDITED FINANCIAL STATEMENTS

For the nine months ended October 31, 2024

 

Note 1 — Description of Organization and Business Operations

 

Marky Corp. (“the Company”) was incorporated under the laws of the State of Wyoming, U.S. on April 28, 2022 (Inception). Marky Corp. is a provider of social media marketing information services.

The Company is operating an information site, posting global marketing and advertising news on social networks https://markycopr.com/. Our platform is a web-based information portal, accessed through a web browser. It allows end users to access information on any device of their choice, features social media marketing news, updates, tips, and tutorials on promoting their business on social media.

The platform includes RSS Feeds, allowing users to consolidate updates and content from preferred websites. Three subscription plans - Basic, Pro, and Enterprise - are available for accessing RSS Feeds. The Company owns social media management mobile application "Marky News", available on both Apple Store and as an APK file.  The application offers exclusive access to SMM resources and industry updates, providing real-time alerts and valuable insights into social media marketing trends.

Our principal executive office is located at San Sebastian 309, Martinica León, Guanajuato, Mexico.

The Company’s functional and reporting currency is the U.S. dollar.

 

Note 2 – Going Concern

The accompanying unaudited condensed financial statements have been prepared in conformity with generally accepted accounting principles, which contemplate continuation of the Company as a going concern. The Company had revenue in amount of $24,484 and $400, incurred net loss in amount of $28,785 and $14,646 for the nine months ended October 31, 2024 and 2023. The Company currently has limited working capital and has not completed its efforts to establish a stabilized source of revenues sufficient to cover operating costs over an extended period of time. These conditions raise substantial doubt about the Company’s ability to continue as a going concern.

Management anticipates that the Company will be dependent, for the near future, on additional investment capital to fund operating expenses. The Company intends to position itself so that it will be able to raise additional funds through the capital markets. In light of management’s efforts, there are no assurances that the Company will be successful in this or any of its endeavors or become financially viable and continue as a going concern.

 

Note 3 — Summary of Significant Accounting Policies

Basis of Presentation

The accompanying unaudited condensed financial statements of the Company have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission (the "SEC"), including the instructions to Form 10-Q and Regulation S-X. Certain information and note disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles in the United States of America ("U.S. GAAP"), have been condensed or omitted from these statements pursuant to such rules and regulations and, accordingly, they do not include all the information and notes necessary for comprehensive financial statements and should be read in conjunction with our audited financial statements  included in our Annual Report on Form 10-K for the year ended January 31, 2024.

In the opinion of management, all adjustments (consisting of normal accruals) considered for a fair presentation have been included. The Company’s year-end is January 31.

  

10

 
 

MARKY CORP.

NOTES TO THE UNAUDITED FINANCIAL STATEMENTS

For the nine months ended October 31, 2024

Note 3 — Summary of Significant Accounting Policies (cont.)

Net Income (Loss) Per Common Share

The Company complies with accounting and disclosure requirements of FASB ASC Topic 260, “Earnings Per Share.” Net loss per share is computed by dividing net loss by the weighted average number of shares of common stock outstanding during the period. As of October 31, 2024 and 2023, the Company did not have any dilutive securities and other contracts that could, potentially, be exercised or converted into shares of common stock and then share in the earnings of the Company. As a result, diluted loss per share is the same as basic loss per share for the periods presented.

Use of Estimates

The preparation of financial statements in conformity with U.S. GAAP requires the Company’s management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Cash and Cash Equivalents

The Company considers all highly liquid investments with the original maturities of three months or less to be cash equivalents. The Company had $4,600 of cash and cash equivalents as of October 31, 2024 ($23,630 as of January 31, 2024).

Income Taxes

The Company follows the asset and liability method of accounting for income taxes under FASB ASC 740, “Income Taxes.” Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that included the enactment date. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized.

FASB ASC 740 prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more likely than not to be sustained upon examination by taxing authorities. There were no unrecognized tax benefits as of October 31, 2024. The Company recognizes accrued interest and penalties related to unrecognized tax benefits as income tax expense. As of October 31, 2024, and January 31 2024, no amounts have been accrued for the payment of interest and penalties. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its position. The Company is subject to income tax examinations by major taxing authorities since inception.

 

 

11

 
 

MARKY CORP.

NOTES TO THE UNAUDITED FINANCIAL STATEMENTS

For the nine months ended October 31, 2024

Note 3 — Summary of Significant Accounting Policies (cont.)

Research and Development Policy

ASC 730, “Research and Development”, addresses the proper accounting and reporting for research and development costs. It identifies those activities that are to be identified as research and development, the elements of costs that shall be identified with research and development activities, the accounting for these costs, and the financial statement disclosures related to them. Costs and expenses that can be clearly identified as research and development are charged to expense as incurred.

Software Development Policy

The Company accounts for website development costs in accordance with, FASB ASC 350-40, Internal-Use Software and FASB ASC 350-50, Website Development Costs and has capitalized certain costs in the development of our website.

Recent Accounting Pronouncements

The Company reviews new accounting standards as issued. Management has not identified any new standards that it believes will have a significant impact on the Company’s financial statements. 

 

Note 4 – Stockholders’ Equity

Upon formation the total number of shares of all classes of stock which the Company is authorized to issue is Seventy-Five Million (75,000,000) shares of Common Stock, par value $0.001 per share.

On January 27, 2023 the Company issued 3,500,000 shares of its common stock at $0.001 per share for total proceeds of $3,500.

For the nine months ended October 31, 2023 the Company issued 441,797 shares of common stock for cash proceeds of $13,254 at $0.03 per share.

For the nine months ended October 31, 2024 the Company issued 89,667 shares of common stock for cash proceeds of $2,690 at $0.03 per share.

There were 4,330,797 and 3,941,797 shares of common stock issued and outstanding as of October 31, 2024, and January 31, 2024, respectively.

 

Note 5 — Related Party Transactions

During the nine months period ended October 31, 2024 and 2023, the Company’s director loaned to the Company $1,499 and $85,601, respectively. 

As of October 31, 2024 and January 31, 2024, our sole director has a total outstanding balance of $110,604 and $112,102, respectively. This loan is unsecured, non-interest bearing and due on demand.

 

12

 
 

MARKY CORP.

NOTES TO THE UNAUDITED FINANCIAL STATEMENTS

For the nine months ended October 31, 2024

 

Note 6 — Intangible Assets

 

As of October 31, 2024, the intangible assets, net were as follows:

 

Website $ 14,200
RSS feeds   43,000
Mobile App   83,650
Accumulated Depreciation   24,787
Total intangible assets $ 116,063

 

Note 7 – Subsequent Events

 

In accordance with ASC 855, “Subsequent Events”, the Company has analyzed its operations subsequent to December 16, 2024, and has determined that it does not have any material subsequent events to disclose in these financial statements other than those described below.

 

On November 1, 2024, our Board of Directors approved the dismissal of Olayinka Oyebola & Co. (the "Former Auditor") as the Registrant's independent registered public accounting firm, effective immediately. The reports of Former Auditor on our consolidated financial statements as of and for the years ended January 31, 2024 did not contain an adverse opinion or a disclaimer of opinion, and was not qualified or modified as to uncertainty, audit scope or accounting principles except that the report contained an explanatory paragraph stating that there was substantial doubt about the Company’s ability to continue as a going concern. During the year ended January 31, 2024 and to the date of dismissal, the Company did not experience any disagreements, as defined in Item 304(a)(1)(iv) of Regulation S-K, between itself and Former Auditor on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to Former Auditor’s satisfaction, would have caused Former Auditor to make reference to such disagreements in its audit reports. During the period April 3, 2024 (engagement) through the date of the Former Auditor’s termination on November 1, 2024, there were no “reportable events” (as defined in Item 304(a)(1)(v) of Regulation S-K).

 

The Company provided Former Auditor with a copy of the above disclosures and requested that Former Auditor provide the Company with a letter addressed to the SEC stating whether or not it agrees with the statements made above. A copy of Former Auditor’s letter dated November 5, 2024 was furnished as Exhibit 16.1 to the current report on Form 8-K filed with the SEC by the Company on November 5, 2024.

   

On November 1, 2024, our Board of Directors approved the appointment of Boladale Lawal & Co., as the Company's new independent registered public accounting firm to perform independent audit services for the quarter ended October 31, 2024. During the Company’s fiscal years ended January 31, 2024 and January 31, 2023, and the subsequent interim period through the date of this report, neither the Company, nor anyone on its behalf has consulted with Boladale Lawal & Co. regarding either (i) the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered with respect to the consolidated financial statements of the Company, and no written report or oral advice was provided to the Company by Boladale Lawal & Co., that was an important factor considered by the Company in reaching a decision as to any accounting, auditing or financial reporting issue; or (ii) any matter that was the subject of a "disagreement" (as defined in Item 304(a)(1)(iv) of Regulation S-K and the related instructions) or a “reportable event” (as that term is defined in Item 304(a)(1)(v) of Regulation S-K).

 

 

13

 
 

 



Item 2.		 Management’s Discussion and Analysis of Financial Condition and Results of Operations.

 

Overview

 

Marky Corp. (“we,” “us,” or the “Company”) was incorporated under the laws of the State of Wyoming, U.S. on April 28, 2022 (Inception). Marky Corp. is a provider of social media marketing information services. We provide a platform that offers subscribers access to valuable social media marketing information. The Company is operating an information site, posting global marketing and advertising news on social networks https://markycopr.com/. Our platform is a web-based information portal, accessed through a web browser. It allows end users to access information on any device of their choice, features social media marketing news, updates, tips, and tutorials on promoting their business on social media.

The platform includes RSS Feeds, allowing users to consolidate updates and content from preferred websites. Three subscription plans - Basic, Pro, and Enterprise - are available for accessing RSS Feeds. The Company owns social media management mobile application "Marky News", available on both Apple Store and as an APK file.  The application offers exclusive access to SMM resources and industry updates, providing real-time alerts and valuable insights into social media marketing trends.

The member of our management has accumulated extensive expertise, knowledge, and a robust network in the realms of marketing and social media advertising. This encompasses proficiency in digital advertising, social media strategies, operational excellence and product development and deployment. We intend to utilize management's industry knowledge and professional network to enhance our strategic position.

 

Sales, Marketing and Distribution

 

We plan to capitalize our information and education platform for specialized industries. We anticipate that the primary source of our revenue will stem from our information platform and the sale of subscription plans available on the Company’s website.

 

Competition

 

In the realm of niche software and website development, Marky Corp. finds itself amidst a highly competitive landscape. This industry boasts low entry barriers, making it susceptible to the influx of new entrants eager to establish their presence. The presence of these newcomers only adds to the already significant competitive pressures that we encounter.

 

Furthermore, within this competitive arena, Marky Corp. operates as a unique entity, serving as an information site dedicated to the dissemination of global marketing and advertising news through social networks. This niche specialization presents both opportunities and challenges for us. It sets us apart from conventional software and website development firms, but at the same time, it narrows our target audience to those specifically seeking specialized marketing insights.

 

In our competitive environment, we find ourselves in direct competition with several well-established rivals. Notable among them are companies like Sociallyin, SmartSites, and NinjaPromo. These competitors are backed by reputable organizations known for providing services analogous to our offerings. They not only boast a proven track record but also have substantial existing customer bases, which form a significant portion of our intended client demographic.

 

14

 
 

 

Most of our competitors have one or more advantages over us, including:

 

Established Reputation

Large Existing Customer Base

Extensive Resource

Strong Industry Partnerships

Customization and Scalability

Brand Recognition

 

Government Regulation

 

We are subject to various federal, state and international laws and regulations that affect our business, including those relating to the privacy and security of customer and employee personal information and those relating to the Internet, behavioral tracking, mobile applications, advertising and marketing activities, and sweepstakes and contests. Additional laws in all of these areas are likely to be passed in the future, which could result in significant limitations on or changes to the ways in which we can collect, use, host, store or transmit the personal information and data of our customers or employees, communicate with our customers, and deliver products and services, may significantly increase our compliance costs. As our business expands to include new uses or collection of data that are subject to privacy or security regulations, our compliance requirements and costs will increase and we may be subject to increased regulatory scrutiny.

 

Employees

 

We are a start-up company and currently have one employee - Kos Ramirez Maximiliano, our president, treasurer, secretary and director. We intend to outsource any additional services if the business requires.

 

 

Results of Operations for the Three Months Ended October 31, 2024 and 2023:

 

During the three months ended October 31, 2024 and 2023, we have generated revenue in amount of $16,491 and $0, respectively.

Our net income for the three-month period ended October 31, 2024 was $6,375.

Our net loss for the three-month period ended October 31, 2023 was $3,684.

 

 

Results of Operations for the Nine Months Ended October 31, 2024 and 2023:

 

During the nine months ended October 31, 2024 and 2023, we have generated revenue in amount of $24,484 and $400 respectively.

 

Our net loss for the nine-month period ended October 31, 2024 and 2023, was $28,785 and $14,646 respectively.

 

15

 
 

 

Liquidity and Capital Resources

 

Net cash flows used in operating activities for the nine months ended October 31, 2024, consisted of a net loss of $35,160, an increase in accounts receivable of $8,379, an increase in accounts payable of $10,613 and an amortization in amount of $11,721. Net cash flows used in operating activities for the nine months ended October 31, 2023, consisted of a net loss of $14,646, an increase in accounts payable of $19,445.

 

Net cash flows used in investing activities for the nine months ended October 31, 2024, consisted of decrease in intangible assets of $23,000. Net cash flows used in investing activities for the nine months ended October 31, 2023, consisted of a intangible assets of $109,500.

Net cash flows provided by financing activities for the nine months ended October 31, 2024, consisted of proceeds from the sale of common stock amounting to $90, additional paid-in capital of $2,600, and related-party loans of $1,499, totaling $4,189. Net cash flows provided by financing activities for the nine months ended October 31, 2023, consisted of proceeds from the sale of common stock amounting to $442, additional paid-in capital of $12,812, and related-party loans of $85,601, totaling $98,855.

 

Off-Balance Sheet Arrangements

 

As of October 31, 2024, we did not have any off-balance sheet arrangements that have or are reasonably likely to have a material current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations liquidity, capital expenditures or capital resources.

 

Limited Operating History and Need for Additional Capital

 

There is no historical financial information about us upon which to base an evaluation of our performance. We are in start-up stage operations and have generated limited revenues. Our business is subject to risks inherent in the establishment of a new business enterprise, including limited capital resources and possible cost overruns due to price and cost increases in services and products.

 

We have no assurance that future financing will be available to us on acceptable terms. If financing is not available on satisfactory terms, we may be unable to continue, develop or expand our operations. Equity financing could result in additional dilution to existing shareholders.

 

Item 3. Quantitative and Qualitative Disclosures About Market Risk.

 

Not Applicable.

 

Item 4. Controls and Procedures.

 

Evaluation of Disclosure Controls and Procedures

 

We carried out an evaluation as of October 31, 2024, under the supervision and with the participation of our management, including our principal executive officer and principal financial officer, who are one and the same, of the effectiveness of our disclosure controls and procedures (as defined in Exchange Act Rules 13a–15(f) and 15d–15(e)). Based upon that evaluation, our principal executive officer and principal financial officer concluded that, as of the end of the period covered in this report, our disclosure controls and procedures were not effective to ensure that information required to be disclosed in reports filed under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the required time periods and is accumulated and communicated to our management, including our principal executive officer and principal financial officer, as appropriate to allow timely decisions regarding required disclosure.

 

 

16

 
 

 

Changes in Internal Control over Financial Reporting

 

There were no changes in our internal control over financial reporting during our most recent quarter that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

 

 

 

PART II. OTHER INFORMATION

 

Item 1. Legal Proceedings.

 

During the period ending October 31, 2024, there were no pending or threatened legal actions against us.

 

 

Item 1A. Risk Factors.

 

As a smaller reporting company, we are not required to provide the information required by this Item.

 

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.

 

Not Applicable.

 

Item 3. Defaults Upon Senior Securities.

 

Not Applicable.

 

Item 4. Mine Safety Disclosures.

 

Not Applicable.

 

Item 5. Other Information.

 

There is no other information required to be disclosed under this item that has not previously been reported.

 

Item 6. Exhibits.

 

Exhibit No.   Description
31.1    Certification of Chief Executive Officer and Chief Financial Officer pursuant to Securities Exchange Act of 1934 Rule 13a-14(a) or 15d-14(a).
     
32.1    Certifications pursuant to Securities Exchange Act of 1934 Rule 13a-14(b) or 15d-14(b) and 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes- Oxley Act of 2002.

 

 

17

 
 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

MARKY CORP.
     
Date: December 16, 2024 By: /s/ Kos Ramirez Maximiliano
   

Kos Ramirez Maximiliano

Chief Executive Officer

(Principal Executive Officer)

and Chief Financial Officer

(Principal Financial and Accounting Officer)

 

 

 

 

 

 

 

 

 

 

 

18

 
 

 

 

 

Exhibit 31.1

 

 

CERTIFICATION OF THE PRINCIPAL EXECUTIVE OFFICER, PRINCIPAL FINANCIAL OFFICER AND

PRINCIPAL ACCOUNTING OFFICER PURSUANT TO

SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

 

I, Kos Ramirez Maximiliano, certify that:

 

  (1) I have reviewed this quarterly report on Form 10-Q of Marky Corp.;

 

  (2) Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

  (3) Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects, the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report; 

 

  (4) I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have: 

 

  (a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

  (b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; 

 

  (c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and 

 

  (d) Disclosed in the report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of the annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

 

  (5) I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of registrant’s board of directors (or persons performing the equivalent functions):

 

 

(a)

 

 All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

 

  (b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

 

MARKY CORP.
     
Date: December 16, 2024 By: /s/ Kos Ramirez Maximiliano
   

Kos Ramirez Maximiliano

Chief Executive Officer

(Principal Executive Officer)

and Chief Financial Officer

(Principal Financial and Accounting Officer)

 

 Exhibit 32.1

 

 

 

CERTIFICATION OF THE PRINCIPAL EXECUTIVE OFFICER, PRINCIPAL FINANCIAL OFFICER

AND PRINCIPAL ACCOUNTING OFFICER

PURSUANT TO 18 U.S. C. SECTION 1350

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

 

 

 

In connection with the quarterly report on Form 10-Q of Marky Corp. (the “Company”) for the quarterly period ended October 31, 2024 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Kos Ramirez Maximiliano, Chief Executive Officer and Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, to the best of my knowledge, that:

 

  (1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

 

  (2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

 

 

 

 

MARKY CORP.
     
Date: December 16, 2024 By: /s/ Kos Ramirez Maximiliano
   

Kos Ramirez Maximiliano

Chief Executive Officer

(Principal Executive Officer)

and Chief Financial Officer

(Principal Financial and Accounting Officer)

 

v3.24.4
Cover - shares
 9 Months Ended
Oct. 31, 2024
Dec. 16, 2024
Cover [Abstract]    
Document Type 10-Q  
Amendment Flag false  
Document Quarterly Report true  
Document Transition Report false  
Document Period End Date Oct. 31, 2024  
Document Fiscal Period Focus Q3  
Document Fiscal Year Focus 2024  
Current Fiscal Year End Date --01-31  
File Number 333-271350  
Registrant Name MARKY CORP.  
Entity Central Index Key 0001973047  
TaxIdentificationNumber 32-0689703  
IncorporationStateCountryCode WY  
Address Line1 San Sebastian 309, Martinica León  
Address City Guanajuato  
address country MX  
Address Postal Zip Code 37500  
area 860  
phone number 9730746  
CurrentReportingStatus Yes  
InteractiveDataCurrent No  
FilerCategory Non-accelerated Filer  
SmallBusiness true  
EmergingGrowthCompany true  
extended transition period false  
Shell Company false  
CommonStockSharesOutstanding   4,330,797
v3.24.4
BALANCE SHEETS - USD ($)
Oct. 31, 2024
Jan. 31, 2024
     
  $ 4,600 $ 23,630
  4,600 23,630
     
  70,017 83,650
  46,046 28,650
  116,063 112,300
TOTAL ASSETS 120,663 135,930
     
  150
  12,176
  110,604 112,102
  122,930 112,102
  122,930 112,102
  122,930 112,102
     
  4,331 4,241
  24,093 21,493
  (30,691) (1,906)
  (2,267) 23,828
TOTAL LIABILITIES & STOCKHOLDER`S DEFICIT $ 120,663 $ 135,930
v3.24.4
BALANCE SHEETS (Parenthetical) - $ / shares
Oct. 31, 2024
Jan. 31, 2024
Statement of Financial Position [Abstract]    
Stated Value Per Share $ 0.001 $ 0.001
CommonStockSharesAuthorized 75,000,000 75,000,000
StockSharesIssued 4,330,797 4,241,130
v3.24.4
STATEMENTS OF OPERATIONS - USD ($)
 3 Months Ended 9 Months Ended
Oct. 31, 2024
Oct. 31, 2023
Oct. 31, 2024
Oct. 31, 2023
Revenues        
Software Sales $ 16,491 $ 24,484 $ 400
Total Revenues 16,491   400
Advertising and Promotion 49  
Bank service Charges 79 115
Depreciation Expense 7,516 2,184 19,236 3,367
Professional fees 2,600 1,500 33,905 11,564
Total Operating Expenses 10,116 6,198 53,269 15,046
  Net Income (Loss) from Operations 6,375 (3,684) (28,785) (14,646)
  Provision for Income Taxes
Net Income (Loss)  $ 6,375 $ (3,684) $ (28,785) $ (14,646)
Income (Loss) per Common Share – Basic & Diluted $ 0.00 $ 0.00 $ 0.01 $ 0.00
Weighted Average Number of Common Shares Outstanding-Basic & Diluted 4,330,797 3,668,808 4,307,914 1,249,812
v3.24.4
Statements of Stockholders' Equity - USD ($)
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Total
Shares, Issued       3,500,000
Beginning balance, value at Jan. 31, 2023 $ 3,500 $ (362) $ 3,138
Net Income (14,646) (14,646)
Sales of common stock at $0.03 per share 442 12,812 13,254
Ending balance, value at Oct. 31, 2023 3,942 12,812 (15,008) $ 1,746
Shares, Issued       3,500,000
Beginning balance, value at Jul. 31, 2023 3,500 (11,324) $ (7,824)
Net Income (3,684) (3,684)
Ending balance, value at Oct. 31, 2023 3,942 12,812 (15,008) $ 1,746
Shares, Issued       3,941,797
Shares, Outstanding       4,241,130
Beginning balance, value at Jan. 31, 2024 4,241 21,493 (1,906) $ 23,828
Net Income (28,785) $ (28,785)
Stock Issued During Period, Shares, Period Increase (Decrease)       441,797
Ending balance, value at Oct. 31, 2024 4,331 24,093 (30,691) $ (2,267)
Shares, Outstanding       4,330,797
Beginning balance, value at Jul. 31, 2024 4,331 24,093 (37,066) $ (8,642)
Net Income 6,375 6,375
Ending balance, value at Oct. 31, 2024 $ 4,331 $ 24,093 $ (30,691) $ (2,267)
Shares, Outstanding       4,330,797
v3.24.4
STATEMENTS OF CASH FLOWS - USD ($)
 9 Months Ended
Oct. 31, 2024
Oct. 31, 2023
OPERATING ACTIVITIES    
Net Income (Loss) $ (35,160) $ (14,646)
Accounts Receivable 8,379
Amortization 11,721
Accounts Payable 10,613 19,445
Cash Flows Provided by (Used in) Operating Activities (25,792) 4,799
INVESTING ACTIVITIES    
Intangible Assets (23,000) 109,500
Cash Flows Used in Investing Activities (23,000) 109,500
FINANCING ACTIVITIES    
       Proceeds from the sale of common stock 90 442
Additional Paid-in Capital 2,600 12,812
Proceeds from related party loan 1,499 85,601
Cash Flows Provided by Financing                                                 Activities 4,189 98,855
Net cash increase (decrease) for period (23,258) (2,129)
Cash at beginning of period 23,630 2,500
Cash at end of period $ 372 $ 4,629
v3.24.4
Description of Organization and Business Operations
 9 Months Ended
Oct. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Description of Organization and Business Operations

Note 1 — Description of Organization and Business Operations

 

Marky Corp. (“the Company”) was incorporated under the laws of the State of Wyoming, U.S. on April 28, 2022 (Inception). Marky Corp. is a provider of social media marketing information services.

The Company is operating an information site, posting global marketing and advertising news on social networks https://markycopr.com/. Our platform is a web-based information portal, accessed through a web browser. It allows end users to access information on any device of their choice, features social media marketing news, updates, tips, and tutorials on promoting their business on social media.

The platform includes RSS Feeds, allowing users to consolidate updates and content from preferred websites. Three subscription plans - Basic, Pro, and Enterprise - are available for accessing RSS Feeds. The Company owns social media management mobile application "Marky News", available on both Apple Store and as an APK file.  The application offers exclusive access to SMM resources and industry updates, providing real-time alerts and valuable insights into social media marketing trends.

Our principal executive office is located at San Sebastian 309, Martinica León, Guanajuato, Mexico.

The Company’s functional and reporting currency is the U.S. dollar.

 
v3.24.4
Going Concern
 9 Months Ended
Oct. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Going Concern

Note 2 – Going Concern

The accompanying unaudited condensed financial statements have been prepared in conformity with generally accepted accounting principles, which contemplate continuation of the Company as a going concern. The Company had revenue in amount of $24,484 and $400, incurred net loss in amount of $28,785 and $14,646 for the nine months ended October 31, 2024 and 2023. The Company currently has limited working capital and has not completed its efforts to establish a stabilized source of revenues sufficient to cover operating costs over an extended period of time. These conditions raise substantial doubt about the Company’s ability to continue as a going concern.

Management anticipates that the Company will be dependent, for the near future, on additional investment capital to fund operating expenses. The Company intends to position itself so that it will be able to raise additional funds through the capital markets. In light of management’s efforts, there are no assurances that the Company will be successful in this or any of its endeavors or become financially viable and continue as a going concern.

 
v3.24.4
Summary of Significant Accounting Policies
 9 Months Ended
Oct. 31, 2024
Accounting Policies [Abstract]  
Summary of Significant Accounting Policies

Note 3 — Summary of Significant Accounting Policies

Basis of Presentation

The accompanying unaudited condensed financial statements of the Company have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission (the "SEC"), including the instructions to Form 10-Q and Regulation S-X. Certain information and note disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles in the United States of America ("U.S. GAAP"), have been condensed or omitted from these statements pursuant to such rules and regulations and, accordingly, they do not include all the information and notes necessary for comprehensive financial statements and should be read in conjunction with our audited financial statements  included in our Annual Report on Form 10-K for the year ended January 31, 2024.

In the opinion of management, all adjustments (consisting of normal accruals) considered for a fair presentation have been included. The Company’s year-end is January 31.

  

10

MARKY CORP.

NOTES TO THE UNAUDITED FINANCIAL STATEMENTS

For the nine months ended October 31, 2024

Note 3 — Summary of Significant Accounting Policies (cont.)

Net Income (Loss) Per Common Share

The Company complies with accounting and disclosure requirements of FASB ASC Topic 260, “Earnings Per Share.” Net loss per share is computed by dividing net loss by the weighted average number of shares of common stock outstanding during the period. As of October 31, 2024 and 2023, the Company did not have any dilutive securities and other contracts that could, potentially, be exercised or converted into shares of common stock and then share in the earnings of the Company. As a result, diluted loss per share is the same as basic loss per share for the periods presented.

Use of Estimates

The preparation of financial statements in conformity with U.S. GAAP requires the Company’s management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Cash and Cash Equivalents

The Company considers all highly liquid investments with the original maturities of three months or less to be cash equivalents. The Company had $4,600 of cash and cash equivalents as of October 31, 2024 ($23,630 as of January 31, 2024).

Income Taxes

The Company follows the asset and liability method of accounting for income taxes under FASB ASC 740, “Income Taxes.” Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that included the enactment date. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized.

FASB ASC 740 prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more likely than not to be sustained upon examination by taxing authorities. There were no unrecognized tax benefits as of October 31, 2024. The Company recognizes accrued interest and penalties related to unrecognized tax benefits as income tax expense. As of October 31, 2024, and January 31 2024, no amounts have been accrued for the payment of interest and penalties. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its position. The Company is subject to income tax examinations by major taxing authorities since inception.

 

 

11

MARKY CORP.

NOTES TO THE UNAUDITED FINANCIAL STATEMENTS

For the nine months ended October 31, 2024

Note 3 — Summary of Significant Accounting Policies (cont.)

Research and Development Policy

ASC 730, “Research and Development”, addresses the proper accounting and reporting for research and development costs. It identifies those activities that are to be identified as research and development, the elements of costs that shall be identified with research and development activities, the accounting for these costs, and the financial statement disclosures related to them. Costs and expenses that can be clearly identified as research and development are charged to expense as incurred.

Software Development Policy

The Company accounts for website development costs in accordance with, FASB ASC 350-40, Internal-Use Software and FASB ASC 350-50, Website Development Costs and has capitalized certain costs in the development of our website.

Recent Accounting Pronouncements

The Company reviews new accounting standards as issued. Management has not identified any new standards that it believes will have a significant impact on the Company’s financial statements. 

 
v3.24.4
Stockholders’ Equity
 9 Months Ended
Oct. 31, 2024
Equity [Abstract]  
Stockholders’ Equity

Note 4 – Stockholders’ Equity

Upon formation the total number of shares of all classes of stock which the Company is authorized to issue is Seventy-Five Million (75,000,000) shares of Common Stock, par value $0.001 per share.

On January 27, 2023 the Company issued 3,500,000 shares of its common stock at $0.001 per share for total proceeds of $3,500.

For the nine months ended October 31, 2023 the Company issued 441,797 shares of common stock for cash proceeds of $13,254 at $0.03 per share.

For the nine months ended October 31, 2024 the Company issued 89,667 shares of common stock for cash proceeds of $2,690 at $0.03 per share.

There were 4,330,797 and 3,941,797 shares of common stock issued and outstanding as of October 31, 2024, and January 31, 2024, respectively.

 
v3.24.4
Related Party Transactions
 9 Months Ended
Oct. 31, 2024
Related Party Transactions [Abstract]  
Related Party Transactions

Note 5 — Related Party Transactions

During the nine months period ended October 31, 2024 and 2023, the Company’s director loaned to the Company $1,499 and $85,601, respectively. 

As of October 31, 2024 and January 31, 2024, our sole director has a total outstanding balance of $110,604 and $112,102, respectively. This loan is unsecured, non-interest bearing and due on demand.

 

12

MARKY CORP.

NOTES TO THE UNAUDITED FINANCIAL STATEMENTS

For the nine months ended October 31, 2024

 
v3.24.4
Intangible Assets
 9 Months Ended
Oct. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets

Note 6 — Intangible Assets

 

As of October 31, 2024, the intangible assets, net were as follows:

 

Website $ 14,200
RSS feeds   43,000
Mobile App   83,650
Accumulated Depreciation   24,787
Total intangible assets $ 116,063

 
v3.24.4
Subsequent Events
 9 Months Ended
Oct. 31, 2024
Accounting Policies [Abstract]  
Subsequent Events

Note 7 – Subsequent Events

 

In accordance with ASC 855, “Subsequent Events”, the Company has analyzed its operations subsequent to December 16, 2024, and has determined that it does not have any material subsequent events to disclose in these financial statements other than those described below.

 

On November 1, 2024, our Board of Directors approved the dismissal of Olayinka Oyebola & Co. (the "Former Auditor") as the Registrant's independent registered public accounting firm, effective immediately. The reports of Former Auditor on our consolidated financial statements as of and for the years ended January 31, 2024 did not contain an adverse opinion or a disclaimer of opinion, and was not qualified or modified as to uncertainty, audit scope or accounting principles except that the report contained an explanatory paragraph stating that there was substantial doubt about the Company’s ability to continue as a going concern. During the year ended January 31, 2024 and to the date of dismissal, the Company did not experience any disagreements, as defined in Item 304(a)(1)(iv) of Regulation S-K, between itself and Former Auditor on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to Former Auditor’s satisfaction, would have caused Former Auditor to make reference to such disagreements in its audit reports. During the period April 3, 2024 (engagement) through the date of the Former Auditor’s termination on November 1, 2024, there were no “reportable events” (as defined in Item 304(a)(1)(v) of Regulation S-K).

 

The Company provided Former Auditor with a copy of the above disclosures and requested that Former Auditor provide the Company with a letter addressed to the SEC stating whether or not it agrees with the statements made above. A copy of Former Auditor’s letter dated November 5, 2024 was furnished as Exhibit 16.1 to the current report on Form 8-K filed with the SEC by the Company on November 5, 2024.

   

On November 1, 2024, our Board of Directors approved the appointment of Boladale Lawal & Co., as the Company's new independent registered public accounting firm to perform independent audit services for the quarter ended October 31, 2024. During the Company’s fiscal years ended January 31, 2024 and January 31, 2023, and the subsequent interim period through the date of this report, neither the Company, nor anyone on its behalf has consulted with Boladale Lawal & Co. regarding either (i) the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered with respect to the consolidated financial statements of the Company, and no written report or oral advice was provided to the Company by Boladale Lawal & Co., that was an important factor considered by the Company in reaching a decision as to any accounting, auditing or financial reporting issue; or (ii) any matter that was the subject of a "disagreement" (as defined in Item 304(a)(1)(iv) of Regulation S-K and the related instructions) or a “reportable event” (as that term is defined in Item 304(a)(1)(v) of Regulation S-K).
v3.24.4
Summary of Significant Accounting Policies (Policies)
 9 Months Ended
Oct. 31, 2024
Accounting Policies [Abstract]  
Basis of Presentation

Basis of Presentation

The accompanying unaudited condensed financial statements of the Company have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission (the "SEC"), including the instructions to Form 10-Q and Regulation S-X. Certain information and note disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles in the United States of America ("U.S. GAAP"), have been condensed or omitted from these statements pursuant to such rules and regulations and, accordingly, they do not include all the information and notes necessary for comprehensive financial statements and should be read in conjunction with our audited financial statements  included in our Annual Report on Form 10-K for the year ended January 31, 2024.

In the opinion of management, all adjustments (consisting of normal accruals) considered for a fair presentation have been included. The Company’s year-end is January 31.

  

10

MARKY CORP.

NOTES TO THE UNAUDITED FINANCIAL STATEMENTS

For the nine months ended October 31, 2024

Note 3 — Summary of Significant Accounting Policies (cont.)
Net Income (Loss) Per Common Share

Net Income (Loss) Per Common Share

The Company complies with accounting and disclosure requirements of FASB ASC Topic 260, “Earnings Per Share.” Net loss per share is computed by dividing net loss by the weighted average number of shares of common stock outstanding during the period. As of October 31, 2024 and 2023, the Company did not have any dilutive securities and other contracts that could, potentially, be exercised or converted into shares of common stock and then share in the earnings of the Company. As a result, diluted loss per share is the same as basic loss per share for the periods presented.
Use of Estimates

Use of Estimates

The preparation of financial statements in conformity with U.S. GAAP requires the Company’s management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Cash and Cash Equivalents

Cash and Cash Equivalents

The Company considers all highly liquid investments with the original maturities of three months or less to be cash equivalents. The Company had $4,600 of cash and cash equivalents as of October 31, 2024 ($23,630 as of January 31, 2024).
Income Taxes

Income Taxes

The Company follows the asset and liability method of accounting for income taxes under FASB ASC 740, “Income Taxes.” Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that included the enactment date. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized.

FASB ASC 740 prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more likely than not to be sustained upon examination by taxing authorities. There were no unrecognized tax benefits as of October 31, 2024. The Company recognizes accrued interest and penalties related to unrecognized tax benefits as income tax expense. As of October 31, 2024, and January 31 2024, no amounts have been accrued for the payment of interest and penalties. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its position. The Company is subject to income tax examinations by major taxing authorities since inception.

 

 

11

MARKY CORP.

NOTES TO THE UNAUDITED FINANCIAL STATEMENTS

For the nine months ended October 31, 2024

Note 3 — Summary of Significant Accounting Policies (cont.)
Research and Development Policy

Research and Development Policy

ASC 730, “Research and Development”, addresses the proper accounting and reporting for research and development costs. It identifies those activities that are to be identified as research and development, the elements of costs that shall be identified with research and development activities, the accounting for these costs, and the financial statement disclosures related to them. Costs and expenses that can be clearly identified as research and development are charged to expense as incurred.
Software Development Policy

Software Development Policy

The Company accounts for website development costs in accordance with, FASB ASC 350-40, Internal-Use Software and FASB ASC 350-50, Website Development Costs and has capitalized certain costs in the development of our website.
Recent Accounting Pronouncements

Recent Accounting Pronouncements

The Company reviews new accounting standards as issued. Management has not identified any new standards that it believes will have a significant impact on the Company’s financial statements. 
v3.24.4
Going Concern (Details Narrative) - USD ($)
 9 Months Ended
Oct. 31, 2024
Oct. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]    
revenue $ 24,484 $ 400
net loss $ 28,785 $ 14,646
v3.24.4
Summary of Significant Accounting Policies (Details Narrative) - USD ($)
Oct. 31, 2024
Jan. 31, 2024
Accounting Policies [Abstract]    
cash and cash equivalents $ 4,600 $ 23,630
v3.24.4
Stockholders’ Equity (Details Narrative) - USD ($)
 9 Months Ended
Oct. 31, 2024
Jan. 31, 2024
Equity [Abstract]    
shares of common stock $ 2,690  
common stock issued and outstanding 4,330,797 3,941,797
v3.24.4
Related Party Transactions (Details Narrative) - USD ($)
Oct. 31, 2024
Jan. 31, 2024
Related Party Transactions [Abstract]    
director loan $ 110,604 $ 112,102
v3.24.4
Intangible Assets (Details Narrative)
Oct. 31, 2024
USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets $ 116,063
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