Form 10-Q - Quarterly report [Sections 13 or 15(d)]

Table of Contents

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-Q

Mark One

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

For the quarterly period ended July 31, 2024

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

For the transition period from ______ to _______

Commission File No. 333-275887

GMTECH INC.

(Exact name of registrant as specified in its charter)

Wyoming	7371	93-3955846
(State or other jurisdiction of incorporation or Organization)	(Primary Standard Industrial Classification Code)	(IRS Employer Identification No.)

45 Rockefeller Plaza, 21F, New York

New York 10111

(646) 508-0022

(Address, including zip code, and telephone number,

including area code, of registrant’s principal executive offices)

Indicate by checkmark whether the issuer: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 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 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 ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, 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	☒	Smaller reporting company	☒
Emerging growth company	☒

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 13(a) of the Exchange Act. ☒

Indicate by checkmark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the most practicable date:

Class		Outstanding as of September 16, 2024
Common Stock: $0.0001		12,000,000

TABLE OF CONTENTS

*PART 1.*	*FINANCIAL INFORMATION*	3
Item 1.	Financial Statements (Unaudited)	3
	Consolidated Balance Sheets as of July 31, 2024 (Unaudited) and October 31, 2023	3
	Consolidated Statements of Operations for Three and Nine Months Ended July 31, 2024 and 2023 (Unaudited)	4
	Consolidated Statements of Stockholders’ Equity for Three and Nine Months Ended July 31, 2024 and 2023 (Unaudited)	5
	Consolidated Statements of Cash Flows for Nine Months Ended July 31, 2024 and 2023(Unaudited)	6
	Notes to the Unaudited Financial Statements	7
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*	17
Item 1.	Legal Proceedings	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	18

PART I. FINANCIAL INFORMATION

Item 1. Financial Statements

GMTECH INC. & SUBSIDIARY

CONSOLIDATED BALANCE SHEETS

	As of July 31, 2024 (Unaudited)			As of October 31, 2023 (Audited)

Assets
Current Assets
Cash	$	109,329		$	22,099
Other receivable		2,500			–
Rent deposits		2,168			2,168
Total Current Assets		113,997			24,267

Total Assets	$	113,997		$	24,267

Liabilities
Current Liabilities
Accounts payable	$	301		$	4,594
Accrued liabilities		–			3,000
Deferred revenue		–			14,800
Total Current Liabilities		301			22,394
Total Liabilities		301			22,394

Stockholders' Equity
Common stock, $0.0001 par value; 500,000,000 shares authorized; 12,000,000 shares and 5,000,000 shares issued and outstanding as of July 31, 2024 and October 31, 2023, respectively		1,200			500
Additional paid-in capital		139,300			–
Retained earnings (accumulated deficit)		(26,804	)		1,373
Total Stockholders’ Equity		113,696			1,873

Total Liabilities and Stockholders’ Equity	$	113,997		$	24,267

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

GMTECH INC. & SUBSIDIARY

CONSOLIDATED STATEMENTS OF OPERATIONS

(UNAUDITED)

	For Three Months Ended July 31, 2024			For Three Months Ended July 31, 2023		For Nine Months Ended July 31, 2024			For Nine Months Ended July 31, 2023

Revenue	$	12,000		$	32,500	$	46,800		$	82,500
Cost of revenue		–			–		9,500			20,000
Gross profit		12,000			32,500		37,300			62,500

Operating Expenses
Advertising and marketing		–			–		–			18,000
General and administrative expenses		18,048			10,004		65,477			23,506
Total operating expenses		18,048			10,004		65,477			41,506

Income/(loss) before income tax expenses		(6,048	)		22,496		(28,177	)		20,994

Net income/(loss)	$	(6,048	)	$	22,496	$	(28,177	)	$	20,994

Net income per share-Basic and diluted	$	0.00		$	0.00	$	0.00		$	0.00

Weighted average number of ordinary shares		12,000,000			5,000,000		8,111,111			5,000,000

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

GMTECH INC. & SUBSIDIARY

CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY

FOR THREE AND NINE MONTHS ENDED JULY 31, 2024 AND 2023 (UNAUDITED)


	Common Stock				Additional paid-in		Retained earnings (Accumulated			Total Stockholders’
	Shares		Amount		capital		Deficit)			Equity

Balance as of October 31, 2023		5,000,000	$	500	$	–	$	1,373		$	1,873

Issuance of shares		–		–		–		–			–
Net Income		–		–		–		983			983

Balance as of January 31, 2024		5,000,000		500		–		2,356			2,856

Issuance of shares		7,000,000		700		139,300		–			140,000
Net Loss		–		–		–		(23,112	)		(23,112	)

Balance as of April 30, 2024		12,000,000	$	1,200	$	139,300	$	(20,756	)	$	119,744

Issuance of shares		–		–		–		–			–
Net Loss		–		–		–		(6,048	)		(6,048	)

Balance as of July 31, 2024		12,000,000	$	1,200	$	139,300	$	(26,804	)	$	113,696



	Common Stock				Additional paid-in		Retained earnings (Accumulated			Total Stockholders’
	Shares		Amount		capital		Deficit)			Equity

Balance as of October 31, 2022		–	$	–	$	–	$	(1,000	)	$	(1,000	)

Issuance of shares		–		–		–		–			–
Net Loss		–		–		–		–			–

Balance as of January 31, 2023		–		–		–		(1,000	)		(1,000	)

Issuance of shares		–		–		–		–			–
Net Loss		–		–		–		(1,502	)		(1,502	)

Balance as of April 30, 2023		–	$	–	$	–	$	(2,502	)	$	(2,502	)

Issuance of shares		–		–		–		–			–
Net Income		–		–		–		22,496			22,496

Balance as of July 31, 2023		–	$	–	$	–	$	19,994		$	19,994

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

GMTECH INC. & SUBSIDIARY

CONSOLIDATED STATEMENTS OF CASH FLOWS

(UNAUDITED)

	For Nine Months Ended July 31, 2024			For Nine Months Ended July 31, 2023
Cash Flows from Operating Activities
Net (loss) income	$	(28,177	)	$	20,994
Adjustments to reconcile net income to net cash provided by/(used in) operating activities:
Changes in operating assets and liabilities:
Other receivable		(2,500	)		–
Accounts payable		(4,293	)		–
Accrued liabilities		(3,000	)		–
Deferred revenue		(14,800	)		–
Net cash provided by/(used in) operating activities	$	(52,770	)	$	20,994

Cash Flows from Financing Activities
Proceeds from sale of common stock		140,000			–
Net cash provided by financing activities		140,000			–

Net change in cash		87,230			20,994
Cash, beginning of period		22,099			–
Cash, end of period	$	109,329		$	20,994

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

GMTECH INC. & SUBSIDIARY

NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

FOR NINE MONTHS ENDED JULY 31, 2024 AND 2023

Note 1 – Organization and Business Background

GMTech Inc., a Wyoming corporation, (“the Company”) was incorporated under the laws of the State of Wyoming on October 12, 2023. GMTech Inc. is headquartered in New York. The Company provides IT consulting services to customers in North America.

GMTech Inc. is the 100% owner of the Company’s operating subsidiary, Anptech Inc., a corporation that was organized under the laws of the State of New York on May 18, 2022. Anptech Inc. was wholly acquired by the Company on October 16, 2023.

The Company’s executive office is located at 45 Rockefeller Plaza, 21F, New York, New York 10111.

Note 2 – Summary of Significant Accounting Policies

Basis of Presentation

The financial statements for the Company are prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) and the rules and regulations of the Securities and Exchange Commission (“SEC”). The Company has adopted October 31 as its fiscal year end.

Basis of Consolidation

The consolidated financial statements are comprised of all of the accounts of GMTech Inc. and Anptech Inc., a wholly owned subsidiary. All intercompany accounts and transactions have been eliminated in consolidation.

Use of Estimates

Management uses estimates and assumptions in preparing these financial statements in accordance with US GAAP. Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities in the balance sheets, and the reported revenue and expenses during the periods reported. Actual results may differ from these estimates.

Cash and Cash Equivalents

Cash and cash equivalents are carried at cost and represent cash on hand, demand deposits placed with banks or other financial institutions and all highly liquid investments with an original maturity of three months or less as of the purchase date of such investments.

Accounts Receivable

The Company’s accounts receivables arise from provision of services to customers. In general, the Company invoices for services rendered at the time the service is provided or the cost incurred. The Company reviews its receivables in accordance with Accounting Standards Update (“ASU”) 2016-13 Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (“ASC 326”), which currently has a minimal impact to the Company. In the event the Company does have accounts receivable, the Company will evaluate each reporting period to provide a reserve against accounts receivable for estimated losses that may result from a customer’s inability to pay based on customer-specific analysis and general matters such as current assessments of past due balances, economic conditions and forecasts, and historical credit loss activity. Amounts determined to be uncollectible will be charged or written-off. The Company had accounts receivable of zero on July 31, 2024 and October 31, 2023, respectively. The Company did not record an allowance against its accounts receivable at July 31, 2024 or October 31, 2023, as it did not have a material impact to the Company’s consolidated financial statements.

Revenue Recognition

The Company recognizes revenue from service-related agreements and contracts in accordance with Accounting Standards Codification (“ASC”) 606, Revenue from Contracts with Customers (“ASC 606”) by applying the following steps: (1) identify the contract with a customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to each performance obligation in the contract; and (5) recognize revenue when each performance obligation is satisfied. Once a contract is determined to be within the scope of ASC 606 at contract inception, the Company reviews the contract to determine which performance obligations the Company must deliver and which of these performance obligations are distinct. The performance obligations are consulting services to clients for their websites, apps, and/or systems. Revenue is recognized each month during the service term of each contract. Amounts that have been invoiced are recorded in accounts receivable and in either deferred revenue or revenue in the Company's consolidated financial statements, depending on whether the underlying performance obligation has been satisfied. Deferred revenue consists of payments made in advance of services provided to customers as defined within the contracts. For the nine months ended July 31, 2024, three customers accounted for 100% of the revenue recorded. For the three months ended July 31, 2024, one customer accounted for 100% of the revenue recorded. For the nine months ended July 31, 2023, three customers accounted for 100% of the revenue recorded. For the three months ended July 31, 2023, two customers accounted for 100% of the revenue recorded. The Company had accounts receivable of zero on July 31, 2024 and October 31, 2023, respectively. The Company had contract liabilities, which consist of deferred revenue, of $0 and $14,800 on July 31, 2024 and October 31, 2023, respectively.

The Company provides IT consulting services to businesses on a fixed-price basis. Revenue is recognized when services are provided over the period of service agreement. Any offsetting costs or expenses are also recognized when services are provided to customers. In certain instances, the Company also determines whether it acts as a principal or as an agent in a transaction. For services sourced through third-party exchanges, our accounting analysis for principal versus agent follows the two-step evaluation prescribed in ASC 606-10-55-36A to evaluate the nature of our promise and conclude whether we are the principal or agent:

1. Identify the specified good(s) or service(s) provided to the customer (i.e., distinct good(s) or service(s)); and

2. Determine if GMTech controls each specified good or service before that good or service is transferred to the customer.

Step 1 - Identify the specified good(s) or service(s)

ASC 606-10-55-36 indicates that an entity must determine whether it is a principal or an agent for each specified good or service promised to the customer. As noted in BC24 of ASU 2016-08, “The principal versus agent considerations relate to the application of Step 2 of the revenue recognition model—identify the performance obligations in the contract. Appropriately identifying the good or service to be provided is a critical step in appropriately identifying whether the nature of an entity’s promise is to act as a principal or an agent.”

In determining the specified goods or services provided to our customers, we considered the nature of our promise to customers, the customers’ perspectives and expectations, and our contract with customers. The contracts with customers specify that we will provide consulting services to the client for the purpose of website development and related services. The client will pay GMTech for the fees incurred on a fixed basis. There is an identified service provided to the customer.

Step 2 - Determine if GMTech controls each specified good or service

In accordance with ASC 606-10-55-37, an entity is a principal if it controls the specific good or service before that good or service is transferred to a customer. The guidance further states that an entity that is a principal may satisfy its performance obligation to provide the specified good or service itself or may engage another party to satisfy some or all of the performance obligation on its behalf.

In accordance with ASC 606-10-55-38 an entity is an agent if the entity’s performance obligation is to arrange for the provision of the specified good or service by another party. An entity that is an agent does not control the specified good or service provided by another party before that good or service is transferred to the customer. When (or as) an entity that is an agent satisfies a performance obligation, the entity recognizes revenue in the amount of any fee or commission to which it expects to be entitled in exchange for arranging for the specified goods or services to be provided by the other party. An entity’s fee or commission might be the net amount of consideration that the entity retains after paying the other party the consideration received in exchange for the goods or services to be provided by that party.

ASC 606-10-55-39 sets forth the following indicators of an entity that controls the specified good or service before it is transferred to the customer and is therefore a principal:

a. The entity is primarily responsible for fulfilling the promise to provide the specified good or service. This typically includes responsibility for the acceptability of the specified good or service (for example, primary responsibility for the good or service meeting customer specifications).

GMTech is primarily responsible to the customer for projects and services for developed systems, websites and applications. GMTech contracts directly with the buyer and is viewed by the buyer as the sole party responsible for fulfilling the buyer’s request. No other party contracts with the buyer or is obligated to satisfy or fulfill the buyer’s request. GMTech considers this relationship critical in understanding the fulfillment obligations and expectations of the buyer.

b. The entity carries the risk before the specified good or service has been transferred to a customer or after the transfer of control to the customer.

GMTech holds the risk of the specified good or service prior to transfer to the customer.

c. The entity has discretion in establishing the price for the specified good or service.

GMTech is solely responsible for and has latitude to establish the prices charged to the customer.

The Company evaluated the guidance described in ASC 606-10-55-36 through 55-40 and determined it is the principal in these transactions. This requires significant judgement and is based on an assessment of the terms of customer arrangements in accordance with ASC 606. When the Company is the principal in a transaction, revenue is reported on a gross basis, whereas revenues as an agent are reported net of the revenue share. The Company has determined it is the principal in certain transactions in which the Company pays a commission to an agent for sales obtained for products through various advertising measures. The Company pays a 30% commission of the gross sales of the service paid. Such commission costs are recorded as advertising costs. For the nine months ended July 31, 2024, there were no commission costs paid.

Deferred Revenue

Deferred revenue consists of payments made in advance of services provided to customers. The deferred revenue balances as of July 31, 2024 and October 31, 2023 are $0 and $14,800, respectively.

Basic and Diluted Net Income (Loss) Per Share

The Company computes net income (loss) per share in accordance with ASC 260, Earning per Share (“ASC 260”). ASC 260 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 using the treasury stock method and convertible preferred stock 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.

Income Taxes

As a result of the implementation of certain provisions of ASC 740, Income Taxes (“ASC 740”), which clarifies the accounting and disclosure for uncertainty in tax position, as defined, ASC 740 seeks to reduce the diversity in practice associated with certain aspects of the recognition and measurement related to accounting for income taxes. The Company has adopted the provisions of ASC 740 since inception and has analyzed filing positions in each of the federal and state jurisdictions where the Company is required to file income tax returns, as well as open tax years in such jurisdictions. The Company has identified the U.S. federal jurisdiction, and the state of New York, as its “major” tax jurisdictions. As of July 31, 2024, the 2020 through 2023 tax years generally remain subject to examination by federal and state authorities.

The Company accounts for income taxes using the asset and liability method prescribed by ASC 740. Under this method, deferred tax assets and liabilities are determined based on the difference between the financial reporting and tax bases of assets and liabilities using enacted tax rates that will be in effect in the years in which the differences are expected to reverse. The Company records a valuation allowance to offset deferred tax assets if based on the weight of available evidence, it is more-likely-than-not that some portion, or all, of the deferred tax assets will not be realized. The effect on deferred taxes of a change in tax rates is recognized as income or loss in the period that includes the enactment date.

New U.S. federal tax legislation, commonly referred to as the Tax Cuts and Jobs Act (the “U.S. Tax Reform”), was signed into law on December 22, 2017. The U.S. Tax Reform modified the U.S. Internal Revenue Code by, among other things, reducing the statutory U.S. federal corporate income tax rate from 35% to 21% for taxable years beginning after December 31, 2017; limiting and/or eliminating many business deductions; migrating the U.S. to a territorial tax system with a one-time transaction tax on a mandatory deemed repatriation of previously deferred foreign earnings of certain foreign subsidiaries; subject to certain limitations, generally eliminating U.S. corporate income tax on dividends from foreign subsidiaries; and providing for new taxes on certain foreign earnings. Taxpayers may elect to pay the one-time transition tax over eight years, or in a single lump-sum payment.

Related Parties

Parties, which can be a corporation or individual, are considered to be related if the Company has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Companies are also considered to be related if they are subject to common control or common significant influence.

Adopted Accounting Pronouncements

In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update 2016-02 Leases (Topic 842) (“ASU 2016-02”) which supersedes Topic 840, Leases. ASU 2016-02 applies to all entities that enter into leases. The new standard establishes a right-of-use model (ROU) that requires a lessee to recognize a ROU asset and lease liability on the balance sheet for all leases with a term longer than 12 months.

The Company adopted ASU 2016-02 during the year ended October 31, 2023. ASU 2016-02 contains certain practical expedients, which the Company has elected. The Company has elected to exempt all leases that qualify as short-term leases (leases not longer than 12 months).

On January 1, 2024, the Company adopted Accounting Standards Update (“ASU”) 2016-13 Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (“ASC 326”). This standard replaced the incurred loss methodology with an expected loss methodology that is referred to as the current expected credit loss (“CECL”) methodology. CECL requires an estimate of credit losses for the remaining estimated life of the financial asset using historical experience, current conditions, and reasonable and supportable forecasts and generally applies to financial assets measured at amortized cost, such as accounts receivable. At July 31, 2024, the Company’s accounts receivable balance was zero. The adoption of ASU 2016-13 did not have a material impact to the Company’s financial statements.

New Accounting Pronouncements

The Company has reviewed recently issued accounting pronouncements and plans to adopt those that are applicable to it. The Company does not expect the adoption of any other pronouncements to have an impact on its results of operations or financial position.

Note 3 – Acquisition

On October 16, 2023, the Company acquired 100% ownership interest in Anptech Inc. by issuance of 2,000,000 shares of common stock to Yuyang Cui, the sole owner of Anptech Inc. The acquisition closed effective October 16, 2023, and has been treated as a business combination under common control.

The Company accounted for the acquisition under ASU 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business (“ASU 2017-01”). Under ASU 2017-01, the Company determined that the acquisition was business acquisition. The transfer of Anptech Inc.’s business to the Company was between entities under common control of Yuyang Cui, the sole director of the Company. The acquisition was accounted for in a manner similar to a pooling-of-interests with the assets and liabilities of the entities mentioned above carried over at their historical amounts.

Note 4 – Related Party Transactions

For the nine months ended July 31, 2024, the sole director of the Company, Yuyang Cui advanced $2,000 in February 2024 to the Company for general and administration expenses incurred by the Company. All of the advances were repaid to Yuyang Cui in May 2024. As of July 31, 2024, the balance of related party transactions is zero.

For the nine months ended July 31, 2023, the sole director of the Company, Yuyang Cui advanced $800 to the Company for the payment of incorporation cost of the Company’s subsidiary Anptech Inc. All of the advances were repaid to Yuyang Cui in November 2023. The amount is recorded in the current liabilities section of the balance sheet.

Note 5 – Equity

Common Shares

The Company is authorized to issue 500,000,000 shares of common stock with par value of $0.0001. All shares have equal voting rights, are non-assessable, and have one vote per share.

On October 13, 2023, the Company issued Yuyang Cui 3,000,000 shares of common stock of the Company at par value of $0.0001 per share for a total value of $300, for the incorporation cost paid by Yuyang Cui.

On October 16, 2023, the Company issued Yuyang Cui 2,000,000 shares of common stock of the Company at par value of $0.0001 per share for a total value of $200, for acquisition of all outstanding 200 shares of Anptech Inc. from Yuyang Cui.

In the month of February 2024 and March 2024, the Company issued 7,000,000 shares of its common stock at $0.02 per share for total proceeds of $140,000.

As of July 31, 2024, the Company has 12,000,000 shares of common stock issued and outstanding.

Note 6 – Operating Lease

In September 2023, the Company entered into an office lease for an office at 45 Rockefeller Plaza, New York. The lease expires at the end of September 2024.

The Company has determined that the lease is short-term in nature and will not record a ROU asset and lease liability on the balance sheet.

Total rent expense for operating leases was approximately $13,077 and $12,051 for the nine months ended July 31, 2024 and 2023, respectively.

Note 7 – Income Tax

United States of America

The Company is registered in the State of Wyoming and is subject to United States of America tax law.

The Company records a tax provision for the anticipated tax consequences of the reported results of operations. In accordance with ASC 740, the provision for income taxes is computed using the asset and liability method, under which deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities, and for operating losses and tax credit carryforwards. The Company has no provision due to only losses to date.

Reconciliation of income tax expense	For Nine Months Ended July 31, 2024			For Nine Months Ended July 31, 2023
Net profit (loss) before income tax	$	(28,177	)	$	20,994
Tax expense (benefit) at the statutory tax rate		(5,917	)		4,409
Tax effect of
Valuation allowance		5,917			–
Net operating loss tax assets deduction		–			–
Income tax expense (benefit)	$	–		$	4,409

Deferred Tax Assets

At July 31, 2024, the Company had net operating loss (“NOL”) carry–forwards for Federal income tax purposes of $26,804 that may be offset against future taxable income through 2040. No tax benefit has been recorded with respect to these net operating loss carry-forwards in the accompanying consolidated financial statements as the management of the Company believes that the realization of the Company’s net deferred tax assets of approximately $5,629 was not considered more likely than not and accordingly, the potential tax benefits of the net loss carry-forwards are offset by the full valuation allowance.

Deferred tax assets consist primarily of the tax effect of NOL carry-forwards which was used to offset tax payable from prior year’s operations. The Company has provided a full valuation allowance on the deferred tax assets because of the uncertainty regarding its realization.

Components of deferred tax assets are as follows:

Schedule of deferred tax assets	July 31, 2024			October 31, 2023
Net Deferred Tax Asset Non-Current:
Net Operating Loss Carry-Forward	$	26,804		$	–
Effective tax rate		21.0%			21.0%
Expected Income Tax Benefit from NOL Carry-Forward		5,629			–
Less: Valuation Allowance		(5,629	)		–
Deferred Tax Asset, Net of Valuation Allowance	$	–		$	–

Note 8 – Major Customers and Concentration of Credit Risk

For the nine months ended July 31, 2024, three customers accounted for 100% of the Company’s total revenues. For the nine months ended July 31, 2023, three customers accounted for 100% of the Company’s total revenues.

Financial instruments which potentially subject the Company to concentrations of credit risk consist principally of cash and cash equivalents, accounts receivable, amounts due from related parties and advances to suppliers. For the nine months ended July 31, 2024 and 2023, none of the Company’s revenue was credit sales.

Note 9 – Commitments and Contingencies

The Company did not have any contractual commitments as of July 31, 2024 and 2023.

Note 10 – Subsequent Event

In accordance with ASC 855, Subsequent Events, (“ASC 855”), the Company has analyzed its operations subsequent to July 31, 2024 to the date these financial statements were issued and has determined that it does not have any material subsequent events to disclose in these financial statements. Subsequent events were reviewed through September 16, 2024.

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION

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.

EMPLOYEES AND EMPLOYMENT AGREEMENTS

At present, we have no employees other than our officer and director. We presently do not have pension, health, annuity, insurance, stock options, profit sharing or similar benefit plans; however, we may adopt such plans in the future. There are presently no personal benefits available to any officers, directors or employees.

Results of Operation

Our financial statements have been prepared assuming that we will continue as a going concern and, accordingly, do not include adjustments relating to the recoverability and realization of assets and classification of liabilities that might be necessary should we be unable to continue in operation.

We expect we will require additional capital to meet our long-term operating requirements. We expect to raise additional capital through, among other things, the sale of equity or debt securities.

Three and Nine Months Ended July 31, 2024 and 2023

During the three and nine months ended July 31, 2024, we generated revenues of $12,000 and $46,800, respectively.

Our net loss for the three and nine months ended July 31, 2024 was $6,048 and $28,177, respectively. Operating expenses consist of mainly lease expense, audit fees, professional fees, and administration expenses.

During the three and nine months ended July 31, 2023, we generated revenues of $32,500 and $82,500, respectively.

Our net income for the three and nine months ended July 31, 2023 was $22,496 and $20,994, respectively. Operating expenses consist of mainly lease expense, professional fees, and administration expenses.

Liquidity and Capital Resources

As of July 31, 2024, our total assets were $113,997 consisting of cash and cash equivalents of $109,329, other receivable of $2,500 and prepaid rent of $2,168. As of July 31, 2024, our total liabilities were $301 consisting of accounts payable $301.

Cash Flows from Operating Activities

During the nine months ended July 31, 2024, we have generated negative cash flows from operating activities of $52,770, consisting of mainly increase in accounts receivable and decrease in accounts payable, deferred revenue and accrued liabilities.

During the nine months ended July 31, 2023, we have generated positive cash flows from operating activities of $20,994, consisting of increase in accounts payable.

Cash Flows from Investing Activities

We have not generated cash flows from investing activities during the nine months ended July 31, 2024 and 2023.

Cash Flows from Financing Activities

During the nine months ended July 31, 2024, we generated positive cash flows from financing activities of $140,000 by issuance of common stock of $140,000.

During the nine months ended July 31, 2023, we have not generated cash flows from financing.

Plan of Operation and Funding

We expect that working capital requirements will continue to be funded through a combination of our existing funds, operating income, and further issuances of securities. Our working capital requirements are expected to increase in line with the growth of our business.

Existing working capital, further advances and debt instruments, and anticipated cash flow are expected to be adequate to fund our operations over the next three months. We have no lines of credit or other bank financing arrangements. Generally, we have financed operations to date through the proceeds of the private placement of equity and debt instruments. In connection with our business plan, management anticipates additional increases in operating expenses and capital expenditures relating to: (i) developmental expenses associated with our AI development tool; (ii) marketing expenses; and (iii) expenses for maintaining the Company as a publicly reporting company. We intend to finance these expenses with further issuances of securities, and debt issuances. Thereafter, we expect we will need to raise additional capital and generate revenues to meet long-term operating requirements. Additional issuances of equity or convertible debt securities will result in dilution to our current shareholders. Further, such securities might have rights, preferences or privileges senior to our common stock. Additional financing may not be available upon acceptable terms, or at all. If adequate funds are not available or are not available on acceptable terms, we may not be able to take advantage of prospective new business endeavors or opportunities, which could significantly and materially restrict our business operations. We will have to raise additional funds in the next twelve months in order to sustain and expand our operations. We currently do not have a specific plan of how we will obtain such funding; however, we anticipate that additional funding will be in the form of equity financing from the sale of our common stock. We have and will continue to seek to obtain short-term loans from our directors, although no future arrangement for additional loans has been made. We do not have any agreements with our directors concerning these loans. We do not have any arrangements in place for any future equity financing.

Off-Balance Sheet Arrangements

As of the date of this Quarterly Report, we do not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to investors.

Going Concern

The financial statements have been prepared "assuming that we will continue as a going concern," which contemplates that we will realize our assets and satisfy our liabilities and commitments in the ordinary course of business.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

No report required.

ITEM 4. CONTROLS AND PROCEDURES

Our management is responsible for establishing and maintaining a system of disclosure controls and procedures (as defined in Rule 13a-15(e) and 15d-15(e) under the Exchange Act) that is designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the Commission’s rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by an issuer in the reports that it files or submits under the Exchange Act is accumulated and communicated to the issuer’s management, including its principal executive officer or officers and principal financial officer or officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.

An evaluation was conducted under the supervision and with the participation of our management of the effectiveness of the design and operation of our disclosure controls and procedures as of July 31, 2024. Based on that evaluation, our management concluded that our disclosure controls and procedures were not effective as of such date to ensure that information required to be disclosed in the reports that we file or submit under the Exchange Act, is recorded, processed, summarized and reported within the time periods specified in SEC rules and forms. Such officer also confirmed that there was no change in our internal control over financial reporting during the nine month period ended July 31, 2024 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

PART II. OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

Management is not aware of any legal proceedings contemplated by any governmental authority or any other party involving us or our properties. As of the date of this Quarterly Report, no director, officer or affiliate is (i) a party adverse to us in any legal proceeding, or (ii) has an adverse interest to us in any legal proceedings. Management is not aware of any other legal proceedings pending or that have been threatened against us or our properties.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

No report required.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

No report required.

ITEM 4. MINE SAFETY DISCLOSURES

Not applicable.

ITEM 5. OTHER INFORMATION

During the nine months ended July 31, 2024, no director or officer of the Company adopted or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408(a) of Regulation S-K.

ITEM 6. EXHIBITS

31.1	Certification by the Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
31.2	Certification by the Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32	Certification by the Chief Executive and Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

101.INS

Inline XBRL Instance Document (the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document)

101.SCH

Inline XBRL Taxonomy Extension Schema Document

101.CAL

Inline XBRL Taxonomy Extension Calculation Linkbase Document

101.DEF

Inline XBRL Taxonomy Extension Definition Linkbase Document

101.LAB

Inline XBRL Taxonomy Extension Label Linkbase Document

101.PRE

Inline XBRL Taxonomy Extension Presentation Linkbase Document

104	Cover Page Interactive Data File (formatted in IXBRL, and included in exhibit 101).

SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, the registrant has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized in 45 Rockefeller Plaza, 21F, New York, NY 10111.

	GMTECH INC.


September 16, 2024	By: /s/ Yuyang Cui
	President, Treasurer and Secretary
	(Principal Executive, Financial and Accounting Officer)

In accordance with the requirements of the Securities Act of 1933, this registration statement was signed by the following persons in the capacities and on the dates stated.

Signature	Title	Date


/s/ Yuyang Cui
Yuyang Cui	President, Treasurer, Secretary and Director (Principal Executive, Financial and Accounting Officer)	September 16, 2024

Exhibit 31.1

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 302 OF THE SARBANES-OXLEY ACT 2002

I, Yuyang Cui, certify that:

1. I have reviewed the Quarterly Report on Form 10-Q of GMTech Inc.;

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 consolidated 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. The registrant’s other certifying officer and I are 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-15d- 15(f) for the registrant and we 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 consolidated 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 this report any change in the registrant’s internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation, to the registrant's auditors and the audit committee of the 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 controls 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.

Dated: September 16, 2024

	By: /s/ Yuyang Cui
	Yuyang Cui
	Chief Executive Officer

Exhibit 31.2

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 302 OF THE SARBANES-OXLEY ACT 2002

I, Yuyang Cui, certify that:

1. I have reviewed the Quarterly Report on Form 10-Q of GMTech Inc.;

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.

Dated: September 16, 2024

	By: /s/ Yuyang Cui
	Yuyang Cui
	Chief Financial Officer

Exhibit 32

CERTIFICATION 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 of GMTech Inc. (the “Company”) on Form 10-Q for the quarter ended July 31, 2024 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Yuyang Cui, 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, that to the best of my knowledge:

1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the 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.

Dated: September 16, 2024

	By: /s/ Yuyang Cui
	Yuyang Cui
	Chief Executive Officer, Chief Financial Officer

Cover - shares	9 Months Ended
Cover - shares	Jul. 31, 2024	Sep. 16, 2024
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jul. 31, 2024
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2024
Current Fiscal Year End Date	--10-31
Entity File Number	333-275887
Entity Registrant Name	GMTECH INC.
Entity Central Index Key	0002000762
Entity Tax Identification Number	93-3955846
Entity Incorporation, State or Country Code	WY
Entity Address, Address Line One	45 Rockefeller Plaza
Entity Address, Address Line Two	21F
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10111
City Area Code	(646) 508-0022
Local Phone Number	508-0022
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	true
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		12,000,000

CONSOLIDATED BALANCE SHEETS - USD ($)	Jul. 31, 2024	Oct. 31, 2023
Current Assets
Cash	$ 109,329	$ 22,099
Other receivable	2,500	0
Rent deposits	2,168	2,168
Total Current Assets	113,997	24,267
Total Assets	113,997	24,267
Current Liabilities
Accounts payable	301	4,594
Accrued liabilities	0	3,000
Deferred revenue	0	14,800
Total Current Liabilities	301	22,394
Total Liabilities	301	22,394
Stockholders' Equity
Common stock, $0.0001 par value; 500,000,000 shares authorized; 12,000,000 shares and 5,000,000 shares issued and outstanding as of July 31, 2024 and October 31, 2023, respectively	1,200	500
Additional paid-in capital	139,300	0
Retained earnings (accumulated deficit)	(26,804)	1,373
Total Stockholders’ Equity	113,696	1,873
Total Liabilities and Stockholders’ Equity	$ 113,997	$ 24,267

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jul. 31, 2024	Oct. 31, 2023
Statement of Financial Position [Abstract]
Common Stock, Par or Stated Value Per Share	$ 0.0001	$ 0.0001
Common Stock, Shares Authorized	500,000,000	500,000,000
Common Stock, Shares, Outstanding	12,000,000	5,000,000
Common Stock, Shares, Issued	12,000,000	5,000,000

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2024	Jul. 31, 2023
Income Statement [Abstract]
Revenue	$ 12,000	$ 32,500	$ 46,800	$ 82,500
Cost of revenue	0	0	9,500	20,000
Gross profit	12,000	32,500	37,300	62,500
Operating Expenses
Advertising and marketing	0	0	0	18,000
General and administrative expenses	18,048	10,004	65,477	23,506
Total operating expenses	18,048	10,004	65,477	41,506
Income/(loss) before income tax expenses	(6,048)	22,496	(28,177)	20,994
Net income/(loss)	$ (6,048)	$ 22,496	$ (28,177)	$ 20,994

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2024	Jul. 31, 2023
Income Statement [Abstract]
Earnings Per Share, Basic	$ 0.00	$ 0.00	$ 0.00	$ 0.00
Earnings Per Share, Diluted	$ 0.00	$ 0.00	$ 0.00	$ 0.00
Weighted Average Number of Shares Outstanding, Basic	12,000,000	5,000,000	8,111,111	5,000,000
Weighted Average Number of Shares Outstanding, Diluted	12,000,000	5,000,000	8,111,111	5,000,000

CONSOLIDATED STATEMENTS OF STOCKHOLDERS EQUITY (Unaudited) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Beginning balance, value at Oct. 31, 2022	$ 0	$ 0	$ (1,000)	$ (1,000)
Shares, Outstanding, Beginning Balance at Oct. 31, 2022	0
Issuance of shares
Net Income
Ending balance, value at Jan. 31, 2023	$ 0	0	(1,000)	(1,000)
Shares, Outstanding, Ending Balance at Jan. 31, 2023	0
Beginning balance, value at Oct. 31, 2022	$ 0	0	(1,000)	(1,000)
Shares, Outstanding, Beginning Balance at Oct. 31, 2022	0
Net Income				20,994
Ending balance, value at Jul. 31, 2023	$ 0	0	19,994	19,994
Shares, Outstanding, Ending Balance at Jul. 31, 2023	0
Beginning balance, value at Jan. 31, 2023	$ 0	0	(1,000)	(1,000)
Shares, Outstanding, Beginning Balance at Jan. 31, 2023	0
Issuance of shares
Net Income			(1,502)	(1,502)
Ending balance, value at Apr. 30, 2023	$ 0	0	(2,502)	(2,502)
Shares, Outstanding, Ending Balance at Apr. 30, 2023	0
Issuance of shares
Net Income			22,496	22,496
Ending balance, value at Jul. 31, 2023	$ 0	0	19,994	19,994
Shares, Outstanding, Ending Balance at Jul. 31, 2023	0
Beginning balance, value at Oct. 31, 2023	$ 500	0	1,373	1,873
Shares, Outstanding, Beginning Balance at Oct. 31, 2023	5,000,000
Issuance of shares
Net Income			983	983
Ending balance, value at Jan. 31, 2024	$ 500	0	2,356	2,856
Shares, Outstanding, Ending Balance at Jan. 31, 2024	5,000,000
Beginning balance, value at Oct. 31, 2023	$ 500	0	1,373	1,873
Shares, Outstanding, Beginning Balance at Oct. 31, 2023	5,000,000
Net Income				(28,177)
Ending balance, value at Jul. 31, 2024	$ 1,200	139,300	(26,804)	113,696
Shares, Outstanding, Ending Balance at Jul. 31, 2024	12,000,000
Beginning balance, value at Jan. 31, 2024	$ 500	0	2,356	2,856
Shares, Outstanding, Beginning Balance at Jan. 31, 2024	5,000,000
Issuance of shares	$ 700	139,300		140,000
Net Income			(23,112)	(23,112)
Ending balance, value at Apr. 30, 2024	$ 1,200	139,300	(20,756)	119,744
Shares, Outstanding, Ending Balance at Apr. 30, 2024	12,000,000
Issuance of shares
Net Income			(6,048)	(6,048)
Ending balance, value at Jul. 31, 2024	$ 1,200	$ 139,300	$ (26,804)	$ 113,696
Shares, Outstanding, Ending Balance at Jul. 31, 2024	12,000,000

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	3 Months Ended				9 Months Ended
	Jul. 31, 2024	Jan. 31, 2024	Jul. 31, 2023	Jan. 31, 2023	Jul. 31, 2024	Jul. 31, 2023
Cash Flows from Operating Activities
Net (loss) income	$ (6,048)	$ 983	$ 22,496		$ (28,177)	$ 20,994
Changes in operating assets and liabilities:
Other receivable					(2,500)	0
Accounts payable					(4,293)	0
Accrued liabilities					(3,000)	0
Deferred revenue					(14,800)	0
Net cash provided by/(used in) operating activities					(52,770)	20,994
Cash Flows from Financing Activities
Proceeds from sale of common stock					140,000	0
Net cash provided by financing activities					140,000
Net change in cash					87,230	20,994
Cash, beginning of period		$ 22,099		$ 0	22,099	0
Cash, end of period	$ 109,329		$ 20,994		$ 109,329	$ 20,994

Pay vs Performance Disclosure - USD ($)	3 Months Ended						9 Months Ended
Pay vs Performance Disclosure - USD ($)	Jul. 31, 2024	Apr. 30, 2024	Jan. 31, 2024	Jul. 31, 2023	Apr. 30, 2023	Jan. 31, 2023	Jul. 31, 2024	Jul. 31, 2023
Pay vs Performance Disclosure [Table]
Net Income (Loss)	$ (6,048)	$ (23,112)	$ 983	$ 22,496	$ (1,502)		$ (28,177)	$ 20,994

Insider Trading Arrangements	9 Months Ended
Insider Trading Arrangements	Jul. 31, 2024
Trading Arrangements, by Individual [Table]
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Organization and Business Background

9 Months Ended

Jul. 31, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Organization and Business Background

Note 1 – Organization and Business Background

The Company’s executive office is located at 45 Rockefeller Plaza, 21F, New York, New York 10111.

Summary of Significant Accounting Policies

9 Months Ended

Jul. 31, 2024

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

Note 2 – Summary of Significant Accounting Policies

Basis of Presentation

Basis of Consolidation

Use of Estimates

Cash and Cash Equivalents

Accounts Receivable

Revenue Recognition

1. Identify the specified good(s) or service(s) provided to the customer (i.e., distinct good(s) or service(s)); and

2. Determine if GMTech controls each specified good or service before that good or service is transferred to the customer.

Step 1 - Identify the specified good(s) or service(s)

Step 2 - Determine if GMTech controls each specified good or service

ASC 606-10-55-39 sets forth the following indicators of an entity that controls the specified good or service before it is transferred to the customer and is therefore a principal:

b. The entity carries the risk before the specified good or service has been transferred to a customer or after the transfer of control to the customer.

GMTech holds the risk of the specified good or service prior to transfer to the customer.

c. The entity has discretion in establishing the price for the specified good or service.

GMTech is solely responsible for and has latitude to establish the prices charged to the customer.

Deferred Revenue

Deferred revenue consists of payments made in advance of services provided to customers. The deferred revenue balances as of July 31, 2024 and October 31, 2023 are $0 and $14,800, respectively.

Basic and Diluted Net Income (Loss) Per Share

Income Taxes

Related Parties

Adopted Accounting Pronouncements

New Accounting Pronouncements

Acquisition

9 Months Ended

Jul. 31, 2024

Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]

Acquisition

Note 3 – Acquisition

Related Party Transactions

9 Months Ended

Jul. 31, 2024

Related Party Transactions

Note 4 – Related Party Transactions

Equity

9 Months Ended

Jul. 31, 2024

Equity [Abstract]

Equity

Note 5 – Equity

Common Shares

The Company is authorized to issue 500,000,000 shares of common stock with par value of $0.0001. All shares have equal voting rights, are non-assessable, and have one vote per share.

In the month of February 2024 and March 2024, the Company issued 7,000,000 shares of its common stock at $0.02 per share for total proceeds of $140,000.

As of July 31, 2024, the Company has 12,000,000 shares of common stock issued and outstanding.

Operating Lease

9 Months Ended

Jul. 31, 2024

Operating Lease

Operating Lease

Note 6 – Operating Lease

In September 2023, the Company entered into an office lease for an office at 45 Rockefeller Plaza, New York. The lease expires at the end of September 2024.

The Company has determined that the lease is short-term in nature and will not record a ROU asset and lease liability on the balance sheet.

Total rent expense for operating leases was approximately $13,077 and $12,051 for the nine months ended July 31, 2024 and 2023, respectively.

Income Tax

9 Months Ended

Jul. 31, 2024

Income Tax Disclosure [Abstract]

Income Tax

Note 7 – Income Tax

United States of America

The Company is registered in the State of Wyoming and is subject to United States of America tax law.

Reconciliation of income tax expense	For Nine Months Ended July 31, 2024			For Nine Months Ended July 31, 2023
Net profit (loss) before income tax	$	(28,177	)	$	20,994
Tax expense (benefit) at the statutory tax rate		(5,917	)		4,409
Tax effect of
Valuation allowance		5,917			–
Net operating loss tax assets deduction		–			–
Income tax expense (benefit)	$	–		$	4,409

Deferred Tax Assets

Components of deferred tax assets are as follows:

Schedule of deferred tax assets	July 31, 2024			October 31, 2023
Net Deferred Tax Asset Non-Current:
Net Operating Loss Carry-Forward	$	26,804		$	–
Effective tax rate		21.0%			21.0%
Expected Income Tax Benefit from NOL Carry-Forward		5,629			–
Less: Valuation Allowance		(5,629	)		–
Deferred Tax Asset, Net of Valuation Allowance	$	–		$	–

Major Customers and Concentration of Credit Risk

9 Months Ended

Jul. 31, 2024

Risks and Uncertainties [Abstract]

Major Customers and Concentration of Credit Risk

Note 8 – Major Customers and Concentration of Credit Risk

Commitments and Contingencies

9 Months Ended

Jul. 31, 2024

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

Note 9 – Commitments and Contingencies

The Company did not have any contractual commitments as of July 31, 2024 and 2023.

Subsequent Event

9 Months Ended

Jul. 31, 2024

Subsequent Events [Abstract]

Subsequent Event

Note 10 – Subsequent Event

Summary of Significant Accounting Policies (Policies)	9 Months Ended
Summary of Significant Accounting Policies (Policies)	Jul. 31, 2024
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The financial statements for the Company are prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) and the rules and regulations of the Securities and Exchange Commission (“SEC”). The Company has adopted October 31 as its fiscal year end.
Basis of Consolidation	Basis of Consolidation The consolidated financial statements are comprised of all of the accounts of GMTech Inc. and Anptech Inc., a wholly owned subsidiary. All intercompany accounts and transactions have been eliminated in consolidation.
Use of Estimates	Use of Estimates Management uses estimates and assumptions in preparing these financial statements in accordance with US GAAP. Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities in the balance sheets, and the reported revenue and expenses during the periods reported. Actual results may differ from these estimates.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents are carried at cost and represent cash on hand, demand deposits placed with banks or other financial institutions and all highly liquid investments with an original maturity of three months or less as of the purchase date of such investments.
Accounts Receivable	Accounts Receivable The Company’s accounts receivables arise from provision of services to customers. In general, the Company invoices for services rendered at the time the service is provided or the cost incurred. The Company reviews its receivables in accordance with Accounting Standards Update (“ASU”) 2016-13 Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (“ASC 326”), which currently has a minimal impact to the Company. In the event the Company does have accounts receivable, the Company will evaluate each reporting period to provide a reserve against accounts receivable for estimated losses that may result from a customer’s inability to pay based on customer-specific analysis and general matters such as current assessments of past due balances, economic conditions and forecasts, and historical credit loss activity. Amounts determined to be uncollectible will be charged or written-off. The Company had accounts receivable of zero on July 31, 2024 and October 31, 2023, respectively. The Company did not record an allowance against its accounts receivable at July 31, 2024 or October 31, 2023, as it did not have a material impact to the Company’s consolidated financial statements.
Revenue Recognition	Revenue Recognition The Company recognizes revenue from service-related agreements and contracts in accordance with Accounting Standards Codification (“ASC”) 606, Revenue from Contracts with Customers (“ASC 606”) by applying the following steps: (1) identify the contract with a customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to each performance obligation in the contract; and (5) recognize revenue when each performance obligation is satisfied. Once a contract is determined to be within the scope of ASC 606 at contract inception, the Company reviews the contract to determine which performance obligations the Company must deliver and which of these performance obligations are distinct. The performance obligations are consulting services to clients for their websites, apps, and/or systems. Revenue is recognized each month during the service term of each contract. Amounts that have been invoiced are recorded in accounts receivable and in either deferred revenue or revenue in the Company's consolidated financial statements, depending on whether the underlying performance obligation has been satisfied. Deferred revenue consists of payments made in advance of services provided to customers as defined within the contracts. For the nine months ended July 31, 2024, three customers accounted for 100% of the revenue recorded. For the three months ended July 31, 2024, one customer accounted for 100% of the revenue recorded. For the nine months ended July 31, 2023, three customers accounted for 100% of the revenue recorded. For the three months ended July 31, 2023, two customers accounted for 100% of the revenue recorded. The Company had accounts receivable of zero on July 31, 2024 and October 31, 2023, respectively. The Company had contract liabilities, which consist of deferred revenue, of $0 and $14,800 on July 31, 2024 and October 31, 2023, respectively. The Company provides IT consulting services to businesses on a fixed-price basis. Revenue is recognized when services are provided over the period of service agreement. Any offsetting costs or expenses are also recognized when services are provided to customers. In certain instances, the Company also determines whether it acts as a principal or as an agent in a transaction. For services sourced through third-party exchanges, our accounting analysis for principal versus agent follows the two-step evaluation prescribed in ASC 606-10-55-36A to evaluate the nature of our promise and conclude whether we are the principal or agent: 1. Identify the specified good(s) or service(s) provided to the customer (i.e., distinct good(s) or service(s)); and 2. Determine if GMTech controls each specified good or service before that good or service is transferred to the customer. Step 1 - Identify the specified good(s) or service(s) ASC 606-10-55-36 indicates that an entity must determine whether it is a principal or an agent for each specified good or service promised to the customer. As noted in BC24 of ASU 2016-08, “The principal versus agent considerations relate to the application of Step 2 of the revenue recognition model—identify the performance obligations in the contract. Appropriately identifying the good or service to be provided is a critical step in appropriately identifying whether the nature of an entity’s promise is to act as a principal or an agent.” In determining the specified goods or services provided to our customers, we considered the nature of our promise to customers, the customers’ perspectives and expectations, and our contract with customers. The contracts with customers specify that we will provide consulting services to the client for the purpose of website development and related services. The client will pay GMTech for the fees incurred on a fixed basis. There is an identified service provided to the customer. Step 2 - Determine if GMTech controls each specified good or service In accordance with ASC 606-10-55-37, an entity is a principal if it controls the specific good or service before that good or service is transferred to a customer. The guidance further states that an entity that is a principal may satisfy its performance obligation to provide the specified good or service itself or may engage another party to satisfy some or all of the performance obligation on its behalf. In accordance with ASC 606-10-55-38 an entity is an agent if the entity’s performance obligation is to arrange for the provision of the specified good or service by another party. An entity that is an agent does not control the specified good or service provided by another party before that good or service is transferred to the customer. When (or as) an entity that is an agent satisfies a performance obligation, the entity recognizes revenue in the amount of any fee or commission to which it expects to be entitled in exchange for arranging for the specified goods or services to be provided by the other party. An entity’s fee or commission might be the net amount of consideration that the entity retains after paying the other party the consideration received in exchange for the goods or services to be provided by that party. ASC 606-10-55-39 sets forth the following indicators of an entity that controls the specified good or service before it is transferred to the customer and is therefore a principal: a. The entity is primarily responsible for fulfilling the promise to provide the specified good or service. This typically includes responsibility for the acceptability of the specified good or service (for example, primary responsibility for the good or service meeting customer specifications). GMTech is primarily responsible to the customer for projects and services for developed systems, websites and applications. GMTech contracts directly with the buyer and is viewed by the buyer as the sole party responsible for fulfilling the buyer’s request. No other party contracts with the buyer or is obligated to satisfy or fulfill the buyer’s request. GMTech considers this relationship critical in understanding the fulfillment obligations and expectations of the buyer. b. The entity carries the risk before the specified good or service has been transferred to a customer or after the transfer of control to the customer. GMTech holds the risk of the specified good or service prior to transfer to the customer. c. The entity has discretion in establishing the price for the specified good or service. GMTech is solely responsible for and has latitude to establish the prices charged to the customer. The Company evaluated the guidance described in ASC 606-10-55-36 through 55-40 and determined it is the principal in these transactions. This requires significant judgement and is based on an assessment of the terms of customer arrangements in accordance with ASC 606. When the Company is the principal in a transaction, revenue is reported on a gross basis, whereas revenues as an agent are reported net of the revenue share. The Company has determined it is the principal in certain transactions in which the Company pays a commission to an agent for sales obtained for products through various advertising measures. The Company pays a 30% commission of the gross sales of the service paid. Such commission costs are recorded as advertising costs. For the nine months ended July 31, 2024, there were no commission costs paid.
Deferred Revenue	Deferred Revenue Deferred revenue consists of payments made in advance of services provided to customers. The deferred revenue balances as of July 31, 2024 and October 31, 2023 are $0 and $14,800, respectively.
Basic and Diluted Net Income (Loss) Per Share	Basic and Diluted Net Income (Loss) Per Share The Company computes net income (loss) per share in accordance with ASC 260, Earning per Share (“ASC 260”). ASC 260 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 using the treasury stock method and convertible preferred stock 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.
Income Taxes	Income Taxes As a result of the implementation of certain provisions of ASC 740, Income Taxes (“ASC 740”), which clarifies the accounting and disclosure for uncertainty in tax position, as defined, ASC 740 seeks to reduce the diversity in practice associated with certain aspects of the recognition and measurement related to accounting for income taxes. The Company has adopted the provisions of ASC 740 since inception and has analyzed filing positions in each of the federal and state jurisdictions where the Company is required to file income tax returns, as well as open tax years in such jurisdictions. The Company has identified the U.S. federal jurisdiction, and the state of New York, as its “major” tax jurisdictions. As of July 31, 2024, the 2020 through 2023 tax years generally remain subject to examination by federal and state authorities. The Company accounts for income taxes using the asset and liability method prescribed by ASC 740. Under this method, deferred tax assets and liabilities are determined based on the difference between the financial reporting and tax bases of assets and liabilities using enacted tax rates that will be in effect in the years in which the differences are expected to reverse. The Company records a valuation allowance to offset deferred tax assets if based on the weight of available evidence, it is more-likely-than-not that some portion, or all, of the deferred tax assets will not be realized. The effect on deferred taxes of a change in tax rates is recognized as income or loss in the period that includes the enactment date. New U.S. federal tax legislation, commonly referred to as the Tax Cuts and Jobs Act (the “U.S. Tax Reform”), was signed into law on December 22, 2017. The U.S. Tax Reform modified the U.S. Internal Revenue Code by, among other things, reducing the statutory U.S. federal corporate income tax rate from 35% to 21% for taxable years beginning after December 31, 2017; limiting and/or eliminating many business deductions; migrating the U.S. to a territorial tax system with a one-time transaction tax on a mandatory deemed repatriation of previously deferred foreign earnings of certain foreign subsidiaries; subject to certain limitations, generally eliminating U.S. corporate income tax on dividends from foreign subsidiaries; and providing for new taxes on certain foreign earnings. Taxpayers may elect to pay the one-time transition tax over eight years, or in a single lump-sum payment.
Related Parties	Related Parties Parties, which can be a corporation or individual, are considered to be related if the Company has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Companies are also considered to be related if they are subject to common control or common significant influence.
Adopted Accounting Pronouncements	Adopted Accounting Pronouncements In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update 2016-02 Leases (Topic 842) (“ASU 2016-02”) which supersedes Topic 840, Leases. ASU 2016-02 applies to all entities that enter into leases. The new standard establishes a right-of-use model (ROU) that requires a lessee to recognize a ROU asset and lease liability on the balance sheet for all leases with a term longer than 12 months. The Company adopted ASU 2016-02 during the year ended October 31, 2023. ASU 2016-02 contains certain practical expedients, which the Company has elected. The Company has elected to exempt all leases that qualify as short-term leases (leases not longer than 12 months). On January 1, 2024, the Company adopted Accounting Standards Update (“ASU”) 2016-13 Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (“ASC 326”). This standard replaced the incurred loss methodology with an expected loss methodology that is referred to as the current expected credit loss (“CECL”) methodology. CECL requires an estimate of credit losses for the remaining estimated life of the financial asset using historical experience, current conditions, and reasonable and supportable forecasts and generally applies to financial assets measured at amortized cost, such as accounts receivable. At July 31, 2024, the Company’s accounts receivable balance was zero. The adoption of ASU 2016-13 did not have a material impact to the Company’s financial statements.
New Accounting Pronouncements	New Accounting Pronouncements The Company has reviewed recently issued accounting pronouncements and plans to adopt those that are applicable to it. The Company does not expect the adoption of any other pronouncements to have an impact on its results of operations or financial position.

Income Tax (Tables)

9 Months Ended

Jul. 31, 2024

Income Tax Disclosure [Abstract]

Reconciliation of income tax expense

Reconciliation of income tax expense	For Nine Months Ended July 31, 2024			For Nine Months Ended July 31, 2023
Net profit (loss) before income tax	$	(28,177	)	$	20,994
Tax expense (benefit) at the statutory tax rate		(5,917	)		4,409
Tax effect of
Valuation allowance		5,917			–
Net operating loss tax assets deduction		–			–
Income tax expense (benefit)	$	–		$	4,409

Schedule of deferred tax assets

Schedule of deferred tax assets	July 31, 2024			October 31, 2023
Net Deferred Tax Asset Non-Current:
Net Operating Loss Carry-Forward	$	26,804		$	–
Effective tax rate		21.0%			21.0%
Expected Income Tax Benefit from NOL Carry-Forward		5,629			–
Less: Valuation Allowance		(5,629	)		–
Deferred Tax Asset, Net of Valuation Allowance	$	–		$	–

Summary of Significant Accounting Policies (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2024	Jul. 31, 2023	Oct. 31, 2023
Product Information [Line Items]
Accounts Receivable, after Allowance for Credit Loss	$ 0		$ 0		$ 0
Allowance for doubtful accounts	0		0		0
Contract liabilities	0		0		14,800
Deferred Revenue, Current	$ 0		$ 0		$ 14,800
Customer Concentration Risk [Member] \| Three Customers [Member] \| Revenue Benchmark [Member]
Product Information [Line Items]
Concentration Risk, Percentage			100.00%	100.00%
Customer Concentration Risk [Member] \| One Customers [Member] \| Revenue Benchmark [Member]
Product Information [Line Items]
Concentration Risk, Percentage	100.00%
Customer Concentration Risk [Member] \| Two Customers [Member] \| Revenue Benchmark [Member]
Product Information [Line Items]
Concentration Risk, Percentage		100.00%

Acquisition (Details Narrative)	Oct. 16, 2023 shares
Anptech [Member]
Business Acquisition [Line Items]
Stock Issued During Period, Shares, Acquisitions	2,000,000
Anptech [Member]
Business Acquisition [Line Items]
Equity Method Investment, Ownership Percentage	100.00%

Related Party Transactions (Details Narrative) - USD ($)	1 Months Ended		9 Months Ended
	May 31, 2024	Nov. 30, 2023	Jul. 31, 2024	Jul. 31, 2023
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Due to related parties			$ 0
Yuyang Cui [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Proceeds from Related Party Debt			$ 2,000	$ 800
Repayments of Related Party Debt	$ 2,000	$ 800

Equity (Details Narrative) - USD ($)			2 Months Ended	9 Months Ended
Equity (Details Narrative) - USD ($)	Oct. 16, 2023	Oct. 13, 2023	Mar. 31, 2024	Jul. 31, 2024	Jul. 31, 2023	Oct. 31, 2023
Class of Stock [Line Items]
Common Stock, Shares Authorized				500,000,000		500,000,000
Common Stock, Par or Stated Value Per Share				$ 0.0001		$ 0.0001
Proceeds from Issuance of Common Stock				$ 140,000	$ 0
Common Stock, Shares, Issued				12,000,000		5,000,000
Common Stock [Member]
Class of Stock [Line Items]
Stock Issued During Period, Shares, New Issues			7,000,000
Proceeds from Issuance of Common Stock			$ 140,000
Yuyang Cui [Member]
Class of Stock [Line Items]
Stock Issued During Period, Shares, Issued for Services		3,000,000
Stock Issued During Period, Value, Issued for Services		$ 300
Stock Issued During Period, Shares, Acquisitions	2,000,000
Stock Issued During Period, Value, Acquisitions	$ 200

Operating Lease (Details Narrative) - USD ($)	9 Months Ended
Operating Lease (Details Narrative) - USD ($)	Jul. 31, 2024	Jul. 31, 2023
Operating Lease
Operating Lease, Expense	$ 13,077	$ 12,051

Income Tax - (Details - Reconciliation of income tax) - USD ($)	3 Months Ended						9 Months Ended
	Jul. 31, 2024	Apr. 30, 2024	Jan. 31, 2024	Jul. 31, 2023	Apr. 30, 2023	Jan. 31, 2023	Jul. 31, 2024	Jul. 31, 2023
Income Tax Disclosure [Abstract]
Net Income	$ (6,048)	$ (23,112)	$ 983	$ 22,496	$ (1,502)		$ (28,177)	$ 20,994
Tax expense (benefit) at the statutory tax rate							(5,917)	4,409
Valuation allowance							5,917	0
Net operating loss tax assets deduction							0	0
Income tax expense (benefit)							$ 0	$ 4,409

INCOME TAXES (Details - Deferred Tax Assets) - USD ($)	9 Months Ended	12 Months Ended
INCOME TAXES (Details - Deferred Tax Assets) - USD ($)	Jul. 31, 2024	Oct. 31, 2023
Income Tax Disclosure [Abstract]
Net operating loss carryforward	$ 26,804	$ 0
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21.00%	21.00%
Deferred Tax Assets, Operating Loss Carryforwards	$ 5,629	$ 0
Deferred Tax Assets, Valuation Allowance	(5,629)	0
Deferred Tax Assets, Net of Valuation Allowance	$ 0	$ 0

Income Tax (Details Narrative) - USD ($)	Jul. 31, 2024	Oct. 31, 2023
Income Tax Disclosure [Abstract]
Operating loss carryforward	$ 26,804	$ 0
Deferred tax assets	$ 5,629

Major Customers and Concentration of Credit Risk (Details Narrative)	9 Months Ended
	Jul. 31, 2024	Jul. 31, 2023
Customer Concentration Risk [Member] \| Three Customers [Member] \| Revenue Benchmark [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	100.00%	100.00%