Filed 2025-05-22 · Period ending 2025-02-28 · 10,649 words · SEC EDGAR
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# ANVI GLOBAL HOLDINGS, INC. (ANVI) — 10-K
**Filed:** 2025-05-22
**Period ending:** 2025-02-28
**Accession:** 0001079973-25-000921
**Source:** [SEC EDGAR](https://www.sec.gov/Archives/edgar/data/1570132/000107997325000921/)
**Origin leaf:** adaa7ec020e6bd25c610de66499270cb049041818a3ba698f163152ccda69345
**Words:** 10,649
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**UNITED STATES**
**SECURITIES AND EXCHANGE COMMISSION**
**Washington, D.C. 20549**
**FORM 10-K**
******ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
OF 1934**
**For the fiscal year ended February 28, 2025**
or
**TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934**
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**For the transition period from ____________ to ____________**
**Commission file number 333-188648**
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ANVI GLOBAL HOLDINGS, INC. | |
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(Exact name of registrant as specified in its charter) | |
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Nevada |
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33-1226144 | |
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(State or Other Jurisdiction |
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(I.R.S. Employer | |
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of Incorporation or Organization) |
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Identification No.) | |
Address of Principal Executive Office: **1135 Kildaire Farm Rd., Suite 319-4, Cary, NC 27511**
Registrants telephone number, including area
code: **(408) 821-4491**
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Securities registered pursuant to Section 12(g) of
the Act: None
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Common Stock, $.001 par value
Title of Class
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Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule405 of the Securities Act.YesNo | |
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Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.YesNo | |
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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.YesNo | |
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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).YesNo | |
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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. | |
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Large accelerated filer |
Accelerated filer | |
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Non-accelerated filer |
Smaller reporting company | |
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Emerging growth company | |
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If an emerging growth company, indicate by checkmark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. | |
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Indicate by check mark whether the registrant has filed a report on and attestation to its managements assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. | |
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If
securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant
included in the filing reflect the correction of an error to previously issued financial statements.
Indicate by check mark whether any of those error
corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrants
executive officers during the relevant recovery period pursuant to 240.10D-1(b). | |
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Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).YesNo | |
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As of May 20, 2025, the registrant had 119,950,000 shares of common stock issued and outstanding. No market value has been computed based upon the fact that no active trading market has been established as of May 20, 2025. | |
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**TABLE OF CONTENTS**
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PAGE | |
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PART I |
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Item 1. |
Business. |
1 | |
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Item1A. |
Risk Factors. |
1 | |
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Item1B. |
Unresolved Staff Comments. |
1 | |
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Item 1C. |
Cybersecurity |
1 | |
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Item 2. |
Properties. |
2 | |
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Item 3. |
Legal Proceedings. |
2 | |
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Item 4. |
Mine Safety Disclosures. |
2 | |
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PART II |
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Item 5. |
Market for Registrants Common Equity andRelated Shareholder Matters and Issuer Purchases of Equity Securities. |
2 | |
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Item 6. |
[Reserved] |
3 | |
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Item 7. |
Managements Discussion and Analysis of Financial Condition and Results of Operations. |
4 | |
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Item7A. |
Quantitative and Qualitative Disclosures About Market Risk. |
4 | |
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Item 8. |
Financial Statements and Supplementary Data. |
4 | |
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Item 9. |
Changes In and Disagreements With Accountants on Accounting and Financial Disclosure. |
13 | |
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Item9A. |
Controls and Procedures. |
13 | |
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Item9B. |
Other Information. |
14 | |
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Item 9C. |
Disclosure Regarding Foreign Jurisdictions That Prevent Inspections. |
14 | |
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PART III |
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Item 10. |
Directors, Executive Officers and Corporate Governance. |
14 | |
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Item 11. |
Executive Compensation. |
15 | |
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Item 12. |
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters. |
15 | |
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Item 13. |
Certain Relationships and Related Transactions, and Director Independence. |
16 | |
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Item 14. |
Principal Accountant Fees and Services. |
16 | |
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PART IV |
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Item 15. |
Exhibits, Financial Statement Schedules. |
17 | |
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Item 16. |
Form 10-K Summary. |
17 | |
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Signatures |
187 | |
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**PART I**
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**ITEM 1. BUSINESS**
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FORWARD-LOOKING STATEMENTS
This annual report contains forward-looking statements.
These statements relate to future events or our future financial performance. 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. Throughout this Report, references to we, us the
Company, the Registrant, etc., all refer to Anvi Global Holdings, Inc.
GENERAL
Anvi Global Holdings, Inc. was incorporated in the
State of Nevada on August 15, 2012 and established a fiscal year end of February 28. We formed the Company to commence operations in the
business of selling crepes; however, we abandoned that business when control of the Company was sold by Tatiana Fumioka, on May 6, 2014.
As a result, we are now controlled by Rama Mohan R. Busa, the principal shareholder and sole officer and director.
Anvi Global Holdings, Inc now intends to become a
diversified, global holdings company with interest in a suite of businesses in various key segments, including mining, infrastructure,
heavy earthworks, health services and aerospace engineering, positioned globally. The Companys objective is to maximize shareholder
value through investing in and/or acquiring a portfolio of companies in emerging global markets like India, South America and Africa,
adding value to the operating enterprises. The Company plans to invest in or acquire businesses which offer strategic market position,
strong cash flows and robust future potential growth, which are complementary to each other. The Company intends to broaden and intensify
positions in carefully selected investment areas and is poised to have strong presence across these countries. As of the date of this
Annual Report, the Company has not invested in or acquired any assets or company.
**ITEM 1A. RISK FACTORS**
We are a smaller reporting company as defined by Rule
12b-2 of the Securities Exchange Act of 1934 and, as such, are not required to provide the information under this Item.
**ITEM 1B. UNRESOLVED STAFF COMMENTS**
None.
**ITEM 1C. CYBERSECURITY**
**Risk**
We have developed and maintain a cybersecurity risk
management methodology intended to protect the confidentiality, integrity, and availability of our critical systems and information. Our
cybersecurity risk management methodology is integrated into our overall enterprise risk management, and shares common methodologies,
reporting channels and governance processes that apply across the Company to other legal, compliance, strategic, operational, and financial
risk areas. As part of our overall risk management processes and procedures, we have instituted a cybersecurity awareness designed to
identify, assess and manage material risks from cybersecurity threats. The cyber risk management methodology involves risk assessments,
implementation of security measures and ongoing monitoring of systems and networks, including networks on which we rely. Through our cybersecurity
awareness, the current threat landscape is actively monitored in an effort to identify material risks arising from new and evolving cybersecurity
threats. We may engage external experts, including cybersecurity assessors, consultants and auditors to evaluate cybersecurity measures
and risk management processes as needed. We also depend on and engage various third parties, including suppliers, vendors and service
providers in connection with our operations. Our risk management, legal, and compliance personnel oversee and identify, including through
a third-party cybersecurity service provider, material risks from cybersecurity threats associated with our use of such entities.
| 1 | |
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**Cybersecurity Governance**
Our Board of Directors oversees
our risk management, including our information technology and cybersecurity policies, procedures, and risk assessments. Management reports
to our Board of Directors on information security matters as necessary, regarding any significant cybersecurity incidents, as well as
any incidents with lesser impact potential.
One of the key functions of our Board of Directors
is informed oversight of our various processes for managing risk. An overall review of risk is inherent in our Board of Directors ongoing
consideration of our long-term strategies, transactions and other matters presented to and discussed by the Board of Directors. This includes
a discussion of the likelihood and potential magnitude of various risk.
**ITEM 2. PROPERTIES**
We do not own any real estate or other properties.
**ITEM 3. LEGAL PROCEEDINGS**
There are no material claims, actions, suits, proceedings,
or investigations that are currently pending or, to the Companys knowledge, threatened by or against the Company or respecting
its operations or assets, or by or against any of the Companys officers, directors, or affiliates.
**ITEM 4. MINE SAFETY DISCLOSURE**
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None.
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**PART II**
**ITEM 5. MARKET FOR REGISTRANTS COMMON EQUITY AND RELATED SHAREHOLDER
MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES**
**Market Information**
Our common shares are quoted on the OTC Markets website
under the symbol ANVI. However, there has been no trading of our common shares.
Trading in stocks quoted on the OTC Markets website
is often thin and is characterized by wide fluctuations in trading prices due to many factors that may be unrelated to a companys
operations or business prospects. We cannot assure you that there will be a market in the future for our common stock.
OTC Markets securities are not listed or traded on
the floor of an organized national or regional stock exchange. OTC Markets issuers are predominantly smaller companies that do not meet
the financial and other listing requirements of a regional or national stock exchange.
**Number of Holders**
As
of May 20, 2025, the
119,950,000 issued and outstanding shares of common stock were held by a total of 65 shareholders of record.
**Dividends**
We have not paid any cash dividends since our inception
and do not foresee declaring any cash dividends on our common stock in the foreseeable future.
**Recent Sales of Unregistered Securities**
None.
**Purchase of our Equity Securities by Officers and Directors**
None.
**Other Stockholder Matters**
None.
| 2 | |
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**ITEM 6. [RESERVED]**
**ITEM 7. MANAGEMENTS DISCUSSION AND ANALYSIS
OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS**
The following discussion should be read in conjunction
with our financial statements, including the notes thereto, appearing elsewhere in this annual report. The following discussion contains
forward-looking statements that reflect our plans, estimates and beliefs. Our actual results could differ materially from those discussed
in the forward-looking statements. Our audited financial statements are stated in United States Dollars and are prepared in accordance
with United States Generally Accepted Accounting Principles.
**Results of Operations**
The Company has incurred losses since inception resulting
in an accumulated deficit of $2,222,466 as of February 28, 2025. 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, if and when we acquire any assets or a business. We expect to raise additional capital through,
among other things, the sale of equity or debt securities.
**Fiscal year ended February 28, 2025 compared
to the fiscal year ended February 29, 2024**
*Revenue*
**
We did not recognize any revenue for the years ended
February 28, 2025 and February 29, 2024.
*Operating Expenses*
General and administrative expenses were $203,734
for the year ended February 28, 2025, compared to $199,426 for the year ended February 29, 2024, an increase of only $4,308 or 2.2%. In
the current year, we incurred $144,000 of expense from our service agreement with Anvi Global Inc. (previously with Strategic-IT Group
Inc) (Note 4), professional fees of $35,792, OTC fees of $15,700, transfer agent fees of $1,300 and other general expenses of $6,942.
In the prior period, we incurred $144,000 of expense from our service agreement with Strategic-IT Group Inc, professional fees of $27,614,
travel expense of $769, OTC fees of $15,100, transfer agent fees of $1,100 and other general expenses of $10,843.
*Other
income*
For the year ended February 28, 2025, we had no other
income or expenses. For the year ended February 29, 2024, we recognized a gain on forgiveness of debt of $14,051.
*Net Loss*
Our net loss for the
year ended February 28, 2025, was $203,734compared to $185,375
for the year ended February 29, 2024.
**Liquidity and Capital Resources**
*Cash Flows from Operating Activities*
We have not generated positive cash flows from operating
activities. For the year ended February 28, 2025, net cash flows used in operating activities was $54,591 compared to $69,018 in the prior
year.
*Cash Flows from Financing Activities*
We have financed our operations primarily from advances
from our CEO. For the year ended February 28, 2025, we received $54,800 from our CEO compared to $68,785 in the prior year.
**Off-Balance Sheet Arrangements**
We have not entered into any off-balance sheet arrangements
and do not have any holdings in variable interest entities.
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**Critical Accounting Policies and Estimates**
Refer to Note 2 of our financial statements contained
elsewhere in this Annual Report for a summary of our critical accounting policies and recently adopted and issued accounting standards.
**PLAN OF OPERATION AND FUNDING**
****
We have no lines of credit or other bank financing
arrangements capital and generate revenues to meet long-term operating requirements. If and when we commence any operations, 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 do not currently engage in enough business activities
that provide cash flow.During the next twelve months we anticipate incurring costs related to:
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(i) |
filing of Exchange Act reports, and | |
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(ii) |
costs relating to developing our business plan | |
MATERIAL COMMITMENTS
As of the date of this Annual Report, we do not have
any material commitments.
GOING CONCERN
The
independent auditors' report accompanying our February 28, 2025 and February 29, 2024 financial
statements contains an explanatory paragraph expressing substantial doubt about our ability to continue as a going concern. The financial
statements have been prepared "assuming that we will continue as a going concern," which contemplates that we will realize assets
and satisfy liabilities and commitments in the ordinary course of business.
**ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.**
We are a smaller reporting company as defined by Rule
12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.
**ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA.**
**ANVI GLOBAL HOLDINGS, INC.**
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**INDEX TO FINANCIAL STATEMENTS**
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Report of Independent Registered Public Accounting Firm (Firm ID: 5525) |
5 | |
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Balance Sheets as of February 28, 2025 and February 29, 2024 |
6 | |
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Statements of Operations for the Years Ended February 28, 2025 and February 29, 2024 |
7 | |
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Statements of Stockholders Deficit for the years ended February 28, 2025 and February 29, 2024 |
8 | |
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Statements of Cash Flows for the Years Ended February 28, 2025 and February 29, 2024 |
9 | |
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Notes to the Financial Statements |
10 | |
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**REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING
FIRM**
To the Board of Directors and Shareholders of Anvi Global Holdings,
Inc.
**Opinion on the Financial Statements**
We have audited the accompanying balance sheets
of Anvi Global Holdings, Inc. (the Company) as of February 28, 2025 and February 29, 2024, and the related statements of
operations, stockholders deficit, and cash flows for each of the years in the two-year period ended February 28, 2025, and the
related notes (collectively referred to as the financial statements). In our opinion, the financial statements present fairly, in all
material respects, the financial position of the Company as of February 28, 2025 and February 29, 2024, and the results of its operations
and its cash flows for each of the years in the two-year period ended February 28, 2025, in conformity with accounting principles generally
accepted in the United States of America.
**Going Concern**
The accompanying financial statements have been
prepared assuming that the Company will continue as a going concern. As discussed in Note 3 to the financial statements, the Company has
had no revenue and an accumulated deficit. These factors, among others, raise substantial doubt about the Companys ability to continue
as a going concern. Managements plans in regard to these matters are also described in Note 3. The financial statements do not
include any adjustments that might result from the outcome of this uncertainty.
**Basis for Opinion**
These financial statements are the responsibility
of the Companys management. Our responsibility is to express an opinion on the Companys financial statements based on our
audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are
required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and
regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audits in accordance with the
standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial
statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged
to perform, an audit of its internal control over financial reporting. As part of our audits, we are required to obtain an understanding
of internal control over financial reporting, but not for the purpose of expressing an opinion on the effectiveness of the Companys
internal control over financial reporting. Accordingly, we express no such opinion.
Our audits included performing procedures to
assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond
to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.
Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating
the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.
**Critical Audit Matters**
Critical audit matters are matters arising from
the current period audit of the financial statements that were communicated or required to be communicated to the audit committee and
that (1) relate to accounts or disclosures that are material to the financial statements and (2) involved our especially challenging,
subjective, or complex judgments. We determined that there were no critical audit matters.
*
Fruci & Associates II, PLLC PCAOB ID #05525
We have served as the Companys auditor since 2021.
Spokane, Washington
May 22, 2025
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ANVI GLOBAL HOLDINGS, INC.
BALANCE SHEETS | |
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February 28, 2025 | | |
February 29, 2024 | | |
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ASSETS | |
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Current Assets: | |
| | | |
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Cash | |
$ | 1,543 | | |
$ | 1,334 | | |
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Prepaids | |
| 13,320 | | |
| 13,000 | | |
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Total Current Assets | |
| 14,863 | | |
| 14,334 | | |
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Total Assets | |
$ | 14,863 | | |
$ | 14,334 | | |
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LIABILITIES AND STOCKHOLDERS' DEFICIT | |
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Current Liabilities: | |
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Accounts payable | |
$ | 27,224 | | |
$ | 21,761 | | |
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Accounts payable - related party | |
| 648,000 | | |
| 504,000 | | |
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Accrued liabilities - related party | |
| 900,000 | | |
| 900,000 | | |
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Due to an officer | |
| 603,605 | | |
| 548,805 | | |
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Total current liabilities | |
| 2,178,829 | | |
| 1,974,566 | | |
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Total Liabilities | |
| 2,178,829 | | |
| 1,974,566 | | |
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Commitments and contingencies | |
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Stockholders' Deficit: | |
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Preferred stock, $0.001 par value; 50,000,000 shares authorized no shares issued and outstanding | |
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Common stock, $0.001 par value; 500,000,000 shares authorized, 119,950,000 shares issued and outstanding | |
| 119,950 | | |
| 119,950 | | |
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Additional paid-in capital | |
| (61,450 | ) | |
| (61,450 | ) | |
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Accumulated deficit | |
| (2,222,466 | ) | |
| (2,018,732 | ) | |
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Total Stockholders Deficit | |
| (2,163,966 | ) | |
| (1,960,232 | ) | |
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Total Liabilities and Stockholders' Deficit | |
$ | 14,863 | | |
$ | 14,334 | | |
The accompanying notes are an integral part of these
financial statements.*
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ANVI GLOBAL HOLDINGS, INC.
STATEMENTS OF OPERATIONS | |
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For the Years Ended | | |
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February 28, 2025 | | |
February 29, 2024 | | |
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Operating Expenses: | |
| | | |
| | | |
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General and administrative expenses | |
$ | 203,734 | | |
$ | 199,426 | | |
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Total operating expenses | |
| 203,734 | | |
| 199,426 | | |
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Loss from operations | |
| (203,734 | ) | |
| (199,426 | ) | |
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Other income: | |
| | | |
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Gain on debt settlement | |
| | | |
| 14,051 | | |
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Total other income | |
| | | |
| 14,051 | | |
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Loss before income taxes | |
| (203,734 | ) | |
| (185,375 | ) | |
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Provision for income taxes | |
| | | |
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Net loss | |
$ | (203,734 | ) | |
$ | (185,375 | ) | |
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Basic and diluted loss per share | |
$ | (0.00 | ) | |
$ | (0.00 | ) | |
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| | | |
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Basic and diluted weighted average shares | |
| 119,950,000 | | |
| 119,950,000 | | |
*The accompanying notes are an integral part of these
financial statements.*
| 7 | |
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****
**ANVI GLOBAL HOLDINGS, INC.**
**STATEMENTS OF
STOCKHOLDERS' DEFICIT**
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Common Stock | | |
Additional | | |
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Total | | |
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Shares | | |
Amount | | |
Paid in Capital | | |
Accumulated Deficit | | |
Stockholders' Deficit | | |
|
Balance, February 28, 2023 | |
| 119,950,000 | | |
$ | 119,950 | | |
$ | (61,450 | ) | |
$ | (1,833,357 | ) | |
$ | (1,774,857 | ) | |
|
Net Loss | |
| | | |
| | | |
| | | |
| (185,375 | ) | |
| (185,375 | ) | |
|
Balance, February 29, 2024 | |
| 119,950,000 | | |
| 119,950 | | |
| (61,450 | ) | |
| (2,018,732 | ) | |
| (1,960,232 | ) | |
|
Net Loss | |
| | | |
| | | |
| | | |
| (203,734 | ) | |
| (203,734 | ) | |
|
Balance, February 28, 2025 | |
| 119,950,000 | | |
$ | 119,950 | | |
$ | (61,450 | ) | |
$ | (2,222,466 | ) | |
$ | (2,163,966 | ) | |
*The accompanying notes are an integral part of these
financial statements.*
| 8 | |
| | |
|
ANVI GLOBAL HOLDINGS, INC.
STATEMENTS OF CASH FLOWS | |
|
| |
| | | |
| | | |
|
| |
For the Years Ended | | |
|
| |
February 28, 2025 | | |
February 29, 2024 | | |
|
Cash flows from operating activities: | |
| | | |
| | | |
|
Net loss | |
$ | (203,734 | ) | |
$ | (185,375 | ) | |
|
Adjustments to reconcile net loss to net cash used in operating activities: | |
| | | |
| | | |
|
Gain on debt settlement | |
| | | |
| (14,051 | | |
|
Changes in assets and liabilities: | |
| | | |
| | | |
|
Prepaids | |
| (320 | ) | |
| (500 | ) | |
|
Accounts payable | |
| 5,463 | | |
| (13,092 | ) | |
|
Accounts payable - related party | |
| 144,000 | | |
| 144,000 | | |
|
Net cash used in operating activities | |
| (54,591 | ) | |
| (69,018 | ) | |
|
| |
| | | |
| | | |
|
Cash flows from investing activities: | |
| | | |
| | | |
|
| |
| | | |
| | | |
|
Cash flows from financing activities: | |
| | | |
| | | |
|
Advances from an officer | |
| 54,800 | | |
| 68,785 | | |
|
Net cash provided by financing activities | |
| 54,800 | | |
| 68,785 | | |
|
| |
| | | |
| | | |
|
Net change in cash | |
| 209 | | |
| (233 | ) | |
|
| |
| | | |
| | | |
|
Cash, beginning of year | |
| 1,334 | | |
| 1,567 | | |
|
| |
| | | |
| | | |
|
Cash, end of year | |
$ | 1,543 | | |
$ | 1,334 | | |
|
| |
| | | |
| | | |
|
Cash paid during the period for: | |
| | | |
| | | |
|
Interest | |
$ | | | |
$ | | | |
|
Income taxes | |
$ | | | |
$ | | | |
*The accompanying notes are an integral part of these
financial statements.*
**
**
| 9 | |
| | |
**ANVI GLOBAL HOLDINGS, INC.**
**NOTES TO FINANCIAL STATEMENTS**
**FEBRUARY 28, 2025**
****
****
**NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS**
Anvi Global Holdings, Inc., (the Company
AGH) was incorporated under the laws of the State of Nevada on August 15, 2012.
**NOTE
2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES**
****
*Basis of Presentation*
The Companys financial statements have been
prepared in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP).
*Use of Estimates*
The preparation of financial statements in conformity
with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of
assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts
of revenues and expenses during the reporting period. Significant estimates include the estimated useful lives of property and equipment.
Actual results could differ from those estimates.
****
*Concentrations of Credit Risk*
We maintain our cash in bank deposit accounts, the
balances of which at times may exceed federally insured limits. We continually monitor our banking relationships and consequently have
not experienced any losses in our accounts. We believe we are not exposed to any significant credit risk on cash.
*Cash Equivalents*
The Company considers all highly liquid investments
with a maturity of three months or less when purchased to be cash equivalents. There were no cash equivalents for the years ended February
28, 2025 and February 29, 2024.
*Fair Value of Financial Instruments*
Fair value is defined as the exchange price that would
be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or
liability in an orderly transaction between market participants on the measurement date. ASC Topic No. 820 establishes a fair value hierarchy
that prioritizes the inputs to valuation techniques used to measure fair value into three broad levels, as described below:
|
Level 1: |
Level 1 inputs are unadjusted quoted prices in active markets for identical assets or liabilities. | |
|
|
| |
|
Level 2: |
Level 2 inputs are inputs other than quoted prices included in Level 1 that are observable, either directly or indirectly. Level 2 inputs include quoted prices for similar assets, quoted prices in markets that are not considered to be active, and observable inputs other than quoted prices such as interest rates. | |
|
|
| |
|
Level 3: |
Level 3 inputs are unobservable inputs. | |
The carrying amount of the Companys financial
assets and liabilities, such as cash, prepaid expenses and accrued expenses and other payables approximate their fair value because of
the short maturity of those instruments.
****
*Segment Reporting*
ASC Topic 280, Segment Reporting establishes
the standards for reporting information about operating segments on a basis consistent with the Companys internal organization
structure as well as information about services categories, business segments and major customers in financial statements. The Company
is managed as one operating unit, rather than multiple reporting units, for internal reporting purposes and for internal decision-making
and discloses its operating results in a single reportable segment. The Companys chief operating decision maker (CODM),
represented by the Companys Chief Executive Officer, reviews financial information and assesses the operations of the Company in
order to make strategic decisions such as allocation of resources and assessing operating performance.
**
| 10 | |
| | |
*Income taxes*
Income taxes are provided for the tax effects of the
transactions reported in the financial statements and consist of taxes currently due plus deferred taxes related primarily to tax net
operating loss carryforwards. The deferred tax assets and liabilities represent the future tax return consequences of these differences,
which will either be taxable or deductible when assets and liabilities are recovered or settled, as well as operating loss carryforwards.
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 includes the enactment date. A valuation allowance is established against deferred tax assets
when in the judgment of management, it is more likely than not that such deferred tax assets will not become available. Because the judgment
about the level of future taxable income is dependent to a great extent on matters that may, at least in part, be beyond the Companys
control, it is at least reasonably possible that managements judgment about the need for a valuation allowance for deferred taxes
could change in the near term.
Tax benefits are recognized only for tax positions
that are more likely than not to be sustained upon examination by tax authorities. The amount recognized is measured as the largest amount
of benefit that is greater than 50 percent likely to be realized upon settlement. A liability for unrecognized tax benefits
is recorded for any tax benefits claimed in the Companys tax returns that do not meet these recognition and measurement standards.
As of February 28, 2025 and February 29, 2024, no liability for unrecognized tax benefits was required to be reported.
**
*Net Income (Loss) Per Common Share*
Net income (loss) per common share is computed pursuant
to section 260-10-45 of the FASB Accounting Standards Codification. Basic net income (loss) per common share is computed by dividing net
income (loss) by the weighted average number of shares of common stock outstanding during the period. Diluted net income (loss) per common
share is computed by dividing net income (loss) by the weighted average number of shares of common stock and potentially outstanding shares
of common stock during the period. The weighted average number of common shares outstanding and potentially outstanding common shares
assumes that the Company incorporated as of the beginning of the first period presented. There are no potentially dilutive shares as of
February 28, 2025 and February 29, 2024.
*Recent Accounting Pronouncements*
The Financial Accounting Standards Board (FASB) issued
Accounting Standards Update (ASU) 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, in November
2023. This update enhances segment reporting disclosures to provide investors with more useful and transparent information about a companys
operating segments. Public companies must now disclose significant segment expenses that are regularly reviewed by the chief operating
decision-maker (CODM). These expenses should be reported on an itemized basis, providing more insight into segment profitability. Companies
must provide segment disclosures in both annual and interim reports. Required disclosures apply to all public entities under FASBs
segment reporting rules. Effective for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years.
The Company adopted this ASU, effective for the year ended December 31, 2024. The adoption had no impact on the Companys financial
statements.
The
Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on
the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements
that have been issued that might have a material impact on its financial position or results of operation.
****
**NOTE 3 - GOING CONCERN**
The accompanying financial statements have been
prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course
of business. The Company has had no revenue and has accumulated a deficit of $2,222,466 as of February 28, 2025. The Company requires
capital for its contemplated operational and marketing activities. The Companys ability to raise additional capital through the
future issuances of common stock is unknown. The obtainment of additional financing, the successful development of the Companys
contemplated plan of operations, and its transition, ultimately, to the attainment of profitable operations are necessary for the Company
to continue operations. These conditions and the ability to successfully resolve these factors raise substantial doubt about the Companys
ability to continue as a going concern. The financial statements of the Company do not include any adjustments that may result from the
outcome of these uncertainties.
The Company has discussed ways in order to mitigate
conditions or events that may raise substantial doubt about its ability to continue as a going concern, there are no assurances that any
of these measures will successfully mitigate or be effective at all. (1) The Company shall pursue financing plans to raise funds to judiciously
spend towards operational expenses, (2) The Company shall continue to employ low cost measures to operate its business and analyze any
unnecessary cost or expense, (3) The Company will seek to avoid unnecessary expenditures, travel, and lodging costs that are not mission
critical to its business.
| 11 | |
| | |
**NOTE 4 PREPAID TRANSACTIONS**
As of February 28, 2025 and February 29, 2024,
the Company had $13,320 and $13,000 of prepaid expenses, respectively, for OTC Markets annual fee.
**NOTE 5 RELATED PARTY TRANSACTIONS**
****
On May 28, 2014,
the Company executed a service agreement with Strategic-IT Group Inc. Strategic-IT Group Inc. is owned and operated by Rama Mohan R. Busa,
CEO. Services to be provided at $12,000 a month include, but are not limited to, providing office space, IT and related services, business
consulting, and investor relations. On July 27, 2020, the service agreement was assigned to Anvi Global Inc (a company owned by the CEO).
As ofFebruary 28, 2025 and February 29, 2024, the Company has an accrued, unpaid balance
due of $900,000 and $900,000, respectively.
On July 27,
2020, Strategic-IT Group Inc., assigned their service agreement with the Company to Anvi Global, Inc. All terms under the original agreement
remain the same. Anvi Global, Inc. is owned by the CEO. As ofFebruary 28, 2025 and February 29, 2024,
the Company has accounts payable due to Anvi Global, Inc. of $648,000 and $504,000, respectively.
Since 2018 Rama
Mohan R. Busa, CEO, has advanced funds to the Company from his personal account and related companies. The advances are to pay for operating
expenses, are unsecured, non-interest bearing and due on demand. As ofFebruary 28, 2025 and February 29, 2024,
the balance due was $603,605 and $548,805, respectively.
**NOTE 6 INCOME TAXES**
****
Deferred taxes are provided on a liability method
whereby deferred tax assets are recognized for deductible temporary differences and operating loss, and tax credit carryforwards and deferred
tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts
of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management,
it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities
are adjusted for the effects of changes in tax laws and rates on the date of enactment. The U.S. federal income tax rate of 21.0% is being
used.
Net deferred tax assets consist of the following components
as of:
|
Schedule of net deferred tax assets | |
| | | |
| | | |
|
| |
February 28, 2025 | | |
February 29, 2024 | | |
|
Deferred tax asset attributable to: | |
| | | |
| | | |
|
Net operating loss carryover | |
$ | (467,000 | ) | |
$ | (424,000 | ) | |
|
Less: valuation allowance | |
| 467,000 | | |
| 424,000 | | |
|
Net deferred tax asset | |
$ | | | |
$ | | | |
The income tax provision differs from the amount of
income tax determined by applying the U.S. federal income tax rate to pretax income from continuing operations for the fiscal years ending,
due to the following:
|
Schedule of income tax provision | |
| | |
| | |
|
| |
February 28, 2025 | | |
February 29, 2024 | | |
|
Federal income tax benefit attributable to: | |
| | | |
| | | |
|
Current Operations | |
$ | 43,000 | | |
$ | 39,000 | | |
|
Less: valuation allowance | |
| (43,000 | ) | |
| (39,000 | ) | |
|
Net provision for Federal income taxes | |
$ | | | |
$ | | | |
During
the year ended February 28, 2025, the Company had a $4,000 increase to the valuation allowance. At February 28, 2025, the Company had
net operating loss carry forwards of approximately $467,000 that may be offset against future taxable income. NOLs from tax years up to
2017 can be carried forward twenty years. Under the CARES Act, the Company can carry forward NOLs
indefinitely
for NOLs generated in a tax year beginning after 2017, that remain after they are carried back to tax years in the five-year carryback
period. No tax benefit has been reported in the February
28, 2025, financial statements since the potential tax benefit is offset by a valuation allowance of the same amount.
Due to the change in ownership provisions of the Tax
Reform Act of 1986, net operating loss carry forwards for Federal Income tax reporting purposes are subject to annual limitations. Should
a change in ownership occur, net operating loss carry forwards may be limited as to use in future years. With few exceptions, the Company
is no longer subject to U.S. federal, state and local income tax examinations by tax authorities for years before 2016.
**NOTE
7 SUBSEQUENT EVENTS**
****
In accordance with SFAS 165 (ASC 855-10) management
has performed an evaluation of subsequent events through the date that the financial statements were available to be issued and has determined
that it does not have any material subsequent events to disclose in these financial statements.
****
| 12 | |
| | |
****
**ITEM 9. CHANGES IN AND DISAGREEMENTS WITH
ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE.**
****
None.
**ITEM 9A. CONTROLS AND PROCEDURES.**
****
**Evaluation of Disclosure Controls and Procedures**
Under the supervision and with the participation of
our management, including the Chief Executive Officer who also acts as our Chief Financial Officer, we have evaluated the effectiveness
of our disclosure controls and procedures (as defined in Rule 13a-15(e) and Rule 15d-15(e) of the Exchange Act) as of the end of the period
covered by this report. The disclosure controls and procedures ensure that all information required to be disclosed by us in the reports
that we file or submit under the Exchange Act is: (i) recorded, processed, summarized and reported, within the time periods specified
in the SECs rule and forms; and (ii) accumulated and communicated to our management, including our Chief Executive Officer as appropriate
to allow timely decisions regarding required disclosure. Based on that evaluation, the Chief Executive Officer concluded that, as of February
28, 2025, these disclosure controls and procedures were not effective.
**Managements Annual Report on Internal
Control over Financial Reporting**
****
The term disclosure
controls and procedures (defined in SEC Rule 13a-15(e)) refers to the controls and other procedures of a company that are designed
to ensure that information required to be disclosed by a company in the reports that it files under the Securities Exchange Act of 1934
(the Exchange Act) is recorded, processed, summarized and reported within required time periods. Disclosure controls
and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed
by a company in the reports that it files or submits under the Exchange Act is accumulated and communicated to the Companys management,
including its principal executive and principal financial officers, or persons performing similar functions, as appropriate to allow timely
decisions regarding required disclosure.
Management is responsible for establishing and maintaining
adequate internal control over financial reporting (as defined in Exchange Act Rule 13a-15(f)). The Companys internal control over
financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation
of financial statements for external purposes in accordance with accounting principles generally accepted in the United States of America.
Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections
of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in
conditions, or that the degree of compliance with the policies or procedures may deteriorate. Under the supervision and with the participation
of management including its CEO & CFO, company conducted its evaluation of the effectiveness of the Companys internal control
over financial reporting as of February 28, 2025, using the criteria established in the 2013 Internal Control - Integrated Framework
issued by the Committee of Sponsoring Organizations of the Treadway Commission ("COSO"). Based on this evaluation, management
concluded that our internal controls over financial reporting was not effective as of February 28, 2025.
A material weakness is a deficiency, or combination
of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement
of the Companys annual or interim financial statements will not be prevented or detected on a timely basis. The Company has yet
to assess and establish effective internal control over financial reporting as of February 28, 2025, and as such, there might exist control
deficiencies that in turn might have constituted and lead to material weaknesses, as described below, which list is not exhaustive but
is intended to be illustrative to indicate such weaknesses**.** Our management identified the following material weaknesses in our
internal control over financial reporting, which are indicative of many small companies with small staff: (i) inadequate segregation of
duties and effective risk assessment; and (ii) insufficient written policies and procedures for accounting and financial reporting with
respect to the requirements and application of both US GAAP and SEC guidelines.
**Changes in Internal Controls over Financial Reporting**
Our management has determined that there were no changes
made in the implementation of our internal controls over financial reporting during the fourth quarter of the year ended February 28,
2025.
**Attestation Report of Independent Public Accounting Firm**
This annual report does not include an attestation
report of our registered public accounting firm regarding internal control over financial reporting because as a smaller reporting company
we are not subject to attestation by our independent registered public accounting firm pursuant to rules of the Securities and Exchange
Commission that permit us to provide only managements report in this annual report.
| 13 | |
| | |
**ITEM 9B. OTHER INFORMATION.**
During the year ended February 28, 2025, 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 9C. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS.**
Not applicable.
**PART III**
****
**ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE.**
****
*DIRECTORS AND EXECUTIVE OFFICERS*
The name, address and position of our present officer and director is set
forth below:
|
Name and Address of Executive Officer and/or Director |
|
Age |
|
Position | |
|
Rama Mohan R. Busa
1135 Kildaire Farm Rd. Suite 319-4, Cary NC 27511 |
|
60 |
|
CEO, CFO and sole Director | |
RAMA MOHAN R
BUSA has been the Companys CEO, CFO and sole Director since May 5, 2014. Mr. Busa graduated in Sciences from SV University, India
in 1989. Thereafter he obtained an International Diploma in Computer Programming & Applications from NCC, UK (Indian affiliate) in
1990.He is a deeply accomplished and results-driven delivery entrepreneur.Since the year 1992, Rama Mohan R. Busa has been
in the business of Information Technology and its related businesses. His industry experience includes global risk assessment, identifying
sectors & opportunities within, creating networks, establishing relationships and international trade development & retailing.
Mr. Busa is experienced in combining both his theoretical and practical acumen to solve business problems. In 2012, he ventured into the
mining business and all associated activities linked to mining, such as extraction, excavation, processing, refining, grading, and carrying
global trading of mined ores or metals, or other products or bi-products. He is currently the principal shareholder and controlling officer
of ANVI Private. As the Registrants sole officer and director, Mr. Busa intends to devote such time as is required for the Registrants
business and its operations as needed.
During the past ten years, Mr. Busa has not been the
subject to any of the following events:
|
|
1. |
Any bankruptcy petition filed by or against any business of which Mr. Busa was a general partner or executive officer either at the time of the bankruptcy or within two years prior to that time. | |
|
|
2. |
Any conviction in a criminal proceeding or being subject to a pending criminal proceeding. | |
|
|
3. |
An order, judgment, or decree, not subsequently reversed, suspended or vacated, or any court of competent jurisdiction, permanently or temporarily enjoining, barring, suspending or otherwise limiting Mr. Busas involvement in any type of business, securities or banking activities. | |
|
|
4. |
Any finding by a court of competent jurisdiction (in a civil action), the Securities and Exchange Commission or the Commodity Future Trading Commission to have violated a federal or state securities or commodities law, and the judgment has not been reversed, suspended or vacated. | |
|
|
5. |
Any order, judgment or decree, not subsequently reversed, suspended or vacated, of any Federal or State authority barring, suspending or otherwise limiting for more than 60 days the right to engage in any securities activity, or to be associated with persons engaged in any such activity; | |
|
|
6. |
Any finding by a court of competent jurisdiction in a civil action or by the Commission to have violated any Federal or State securities law, and the judgment in such civil action or finding by the Commission has not been subsequently reversed, suspended, or vacated; | |
|
|
7. |
Any subject of, or a party to, any Federal or State judicial or administrative order, judgment, decree, or finding, not subsequently reversed, suspended or vacated, relating to an alleged violation of: | |
|
|
|
i. |
Any Federal or State securities or commodities law or regulation; or | |
|
|
|
ii. |
Any law or regulation respecting financial institutions or insurance companies including, but not limited to, a temporary or permanent injunction, order of disgorgement or restitution, civil money penalty or temporary or permanent cease-and-desist order, or removal or prohibition order; or | |
|
|
|
iii. |
Any law or regulation prohibiting mail or wire fraud or fraud in connection with any business entity; or | |
|
|
8. |
Any subject of, or a party to, any sanction or order, not subsequently reversed, suspended or vacated, of any self-regulatory organization (as defined in Section 3(a)(26) of the Exchange Act (15 U.S.C. 78c(a)(26))), any registered entity (as defined in Section 1(a)(29) of the Commodity Exchange Act (7 U.S.C. 1(a)(29))), or any equivalent exchange, association, entity or organization that has disciplinary authority over its members or persons associated with a member. | |
****
| 14 | |
| | |
**ITEM 11. EXECUTIVE COMPENSATION.**
The table below summarizes all compensation awarded
to, earned by, or paid to our executive officers by any person for all services rendered in all capacities to us for the fiscal period
in the fiscal years ended February 28, 2025 and February 29, 2024:
**Summary Compensation Table**
|
NameandPrincipal Position |
|
Year |
|
|
Salary
($) |
|
|
Bonus
($) |
|
|
Stock
Awards
($) |
|
|
Option
Awards
($) |
|
|
Non-Equity
Incentive Plan
Compensation
($) |
|
|
Nonqualified
Deferred
Compensation
($) |
|
|
All Other
Compensation
($) |
|
|
Total
($) |
| |
|
Rama Mohan R. Busa |
|
2025 |
|
|
|
-0- |
|
|
|
-0- |
|
|
|
-0- |
|
|
|
-0- |
|
|
|
-0- |
|
|
|
-0- |
|
|
|
-0- |
|
|
|
-0- |
| |
|
|
|
2024 |
|
|
|
-0- |
|
|
|
-0- |
|
|
|
-0- |
|
|
|
-0- |
|
|
|
-0- |
|
|
|
-0- |
|
|
|
-0- |
|
|
|
-0- |
| |
There are no current employment agreements between
the Company and its sole officer. The compensation discussed herein addresses all compensation awarded to, earned by, or paid to our named
executive officer. There are no other stock option plans, retirement, pension, or profit sharing plans for the benefit of our officers
and directors other than as described herein.
As of February 28, 2025, we had no pension plans or
compensatory plans or other arrangements which provide compensation in the event of a termination of employment or a change in our control.
**ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL
OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS.**
The following table provides certain information regarding
the ownership of our common stock, as of February 28, 2025 and as of the date of the filing of this annual report by:
|
|
|
|
each of our executive officers; | |
|
|
|
|
each director; | |
|
|
|
|
each person known to us to own more than 5% of our outstanding common stock; and | |
|
|
|
|
all of our executive officers and directors and as a group. | |
|
TitleofClass |
|
NameandAddressof BeneficialOwner |
|
AmountandNatureof
BeneficialOwnership |
|
Percentage | |
|
|
|
Directors and named Executive Officers |
|
|
|
| |
|
Common Stock |
|
Rama Mohan R. Busa
1135 Kildaire Farm Rd, Suite 319-4
Cary, NC 27511 |
|
83,478,042 shares of common stock (1) |
|
|
69.60% | |
|
|
|
All officers and directors (1person) |
|
83,478,042 shares of common stock (1) |
|
|
69.60% | |
|
|
|
|
|
|
|
|
| |
|
|
|
Beneficial Owners of 5% or more |
|
|
|
|
| |
|
Common Stock |
|
Dushyant Reddy Chavva
Plot 242/B Rd #76,
Jubilee Hills, Telangana, Hyderabad, India |
|
12,810,000 shares of common stock |
|
|
10.68% | |
|
|
(1) |
Includes 11,478,042 shares owned by Anvi Global, Inc., a privately-owned company of which Rama Mohan R. Busa is the majority shareholder and CEO. | |
The percentage of class is based on 119,950,000 shares
of common stock issued and outstanding as of the date of this annual report.
| 15 | |
| | |
**ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR
INDEPENDENCE**.
On July 27,
2020, Strategic-IT Group Inc., assigned their service agreement with the Company to Anvi Global, Inc. All terms under the original agreement
remain the same. Anvi Global, Inc. is owned by the CEO. As ofFebruary 28, 2025 and February 29, 2024,
the Company has accounts payable due to Anvi Global, Inc. of $648,000 and $504,000, respectively.
Since 2018 Rama
Mohan R. Busa, CEO, has advanced funds to the Company from his personal account and related companies. The advances are to pay for operating
expenses, are unsecured, non-interest bearing and due on demand. As ofFebruary 28, 2025 and February 29, 2024,
the balance due was $603,605 and $548,805, respectively.
**ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES**.
Below
is the aggregate amount of fees billed for professional services rendered by our principal accountants, Fruci & Associates II, PLLC,
with respect to our last two fiscal years.
|
| |
2025 | | |
2024 | | |
|
Audit fees | |
$ | 22,000 | | |
$ | 16,920 | | |
|
Audit related fees | |
$ | | | |
$ | | | |
|
Tax fees | |
$ | | | |
$ | | | |
|
All other fees | |
$ | | | |
$ | | | |
|
Total | |
$ | 22,000 | | |
$ | 16,920 | | |
All of the professional services rendered by principal
accountants for the audit of our annual financial statements that are normally provided by the accountant in connection with statutory
and regulatory filings or engagements for last two fiscal years were approved by our board of directors.
**Audit Fees**
Consist of fees billed for professional services rendered
for the audit of our financial statements and review of interim financial statements included in quarterly reports and services that are
normally provided by the principal accountants in connection with statutory and regulatory filings or engagements.
**Audit Related Fees**
Consist of fees billed for assurance and related services
that are reasonably related to the performance of the audit or review of our financial statements and are not reported under Audit
Fees.
**Tax Fees**
Consist of fees billed for professional services for
tax compliance, tax advice and tax planning. These services include preparation of federal and state income tax returns.
**All Other Fees**
Consist of fees for product and services other than
the services reported above.
****
| 16 | |
| | |
**PART IV**
****
**ITEM 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES.**
The following exhibits are filed as part of this Annual Report.
**Exhibits:**
|
Exhibit |
Exhibit Description |
Filed
herewith |
Form |
Period
ending |
Exhibit |
Filing
date | |
|
31.1 |
Certification of the Chief Executive Officer and Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 |
X |
|
|
|
| |
|
32.1 |
Certification of the Chief Executive Officer and Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 |
X |
|
|
|
| |
|
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) |
X |
|
|
|
| |
|
101.SCH |
Inline XBRL Taxonomy Extension Schema Document |
X |
|
|
|
| |
|
101.CAL |
Inline XBRL Taxonomy Extension Calculation Linkbase Document |
X |
|
|
|
| |
|
101.DEF |
Inline XBRL Taxonomy Extension Definition Linkbase Definition |
X |
|
|
|
| |
|
101.LAB |
Inline XBRL Taxonomy Extension Label Linkbase Document |
X |
|
|
|
| |
|
101.PRE |
Inline XBRL Taxonomy Extension Presentation Linkbase Document |
X |
|
|
|
| |
|
104 |
Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101) |
X |
|
|
|
| |
**ITEM 16. FORM 10-K SUMMARY.**
None.
| 17 | |
| | |
**SIGNATURES**
In accordance with Section13 or 15(d) of the
Securities Exchange Act of 1934, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: May 22, 2025
|
|
ANVI GLOBAL HOLDINGS, INC. | |
|
|
|
| |
|
|
|
| |
|
|
By: |
/s/ Rama Mohan R. Busa | |
|
|
|
Rama Mohan R. Busa
Chief Executive Officer and Chief Financial Officer | |
| 18 | |