Galaxy Enterprises Inc. filed its annual report on Form 10-K for the fiscal year ended July 31, 2026, disclosing that it has not yet commenced business operations and has accumulated a deficit of $120,895 since its incorporation in March 2021.

Key Highlights

  • No operations commenced: According to the filing, the company has not commenced pursuing its business plan as of the report date, remaining focused on raising initial capital.
  • Accumulated deficit: From incorporation on March 24, 2021, through July 31, 2026, the company reported an accumulated deficit of $120,895.
  • Capital raised to date: The filing states the company has raised an aggregate of $82,983 through the sale of its common stock.
  • Going concern doubt: The filing discloses that "our auditor has expressed substantial doubt about our ability to continue as a going concern."
  • Shares outstanding: As of October 30, 2026, there were 4,170,000 common shares outstanding.
  • Market value held by non-affiliates: The aggregate market value of voting and non-voting common equity held by non-affiliates as of January 31, 2026, was $0.
  • Shell company status: The registrant indicated it is a shell company as defined in Rule 12b-2 of the Exchange Act.

Galaxy Enterprises: Pre-Revenue Stage and Going Concern as of Fiscal Year 2026

Galaxy Enterprises Inc., a Wyoming-incorporated company headquartered in Las Vegas, Nevada, filed its Form 10-K with the SEC covering the fiscal year ended July 31, 2026. The company's common stock is registered under Section 12(g) of the Exchange Act with a par value of $0.001 per share. The filing does not identify an exchange ticker symbol in the registered-securities table, as securities are listed under Section 12(g) only, with no Section 12(b) registration noted.

According to the filing, the company intends to offer real estate management and consulting services in the Las Vegas, Nevada area, covering residential, commercial, and industrial properties. Planned property management services include tenant screening, lease execution, rent collection, maintenance oversight, and financial reporting for property owners. Planned consulting services include market analysis, lease and asset management, site selection, feasibility studies, and capital management. However, the company disclosed that it "has not commenced pursuing our business plan" and has been focused on raising initial capital since its incorporation on March 24, 2021.

The filing reports that the company raised $82,983 through common stock sales, proceeds of which were used to fund its registration statement filing and working capital. Over the period from incorporation through July 31, 2026, the company incurred an accumulated deficit of $120,895. The registrant disclosed that "further losses are anticipated in the development of our business," and that its auditor has expressed substantial doubt about its ability to continue as a going concern. The company also checked "No" to the question of whether it filed all required reports during the past 12 months. The forward-looking statements contained in the filing are the company's own and are subject to its cautionary language regarding known and unknown risks and uncertainties.

What Was Disclosed

Galaxy Enterprises Inc. filed a Form 10-K for fiscal year ended July 31, 2026, disclosing no commenced operations, an accumulated deficit of $120,895, $82,983 raised via stock sales, 4,170,000 shares outstanding, and a going concern doubt expressed by its auditor.