ANKAM INC.

What they do

Ankam, Inc. describes itself as a technology company specializing in two mobile applications: Expense Minder, its proprietary expense-reporting app, and MoneySaverApp, whose operations were transferred to wholly-owned subsidiary Ankam LLC in November 2023. The company also owns Apex Intelligence LLC, a currency converter service acquired in January 2024 for $158,040 total consideration. Through Mei Sheng Corporation Limited, incorporated in August 2024, it pursues health-products sales via a platform developed under an August 2024 agreement with Taiwan's Consummation International Business Co., Ltd.

Revenue drivers

• Subscriptions — The 10-K attributes all of FY2025 revenue of $325,000 to sales of the Company's subscriptions.
• Mei Sheng Corporation Limited (Asia Pacific) — The 10-K states Mei Sheng started business in 2025 and focused on expanding market share in Asia Pacific, which caused the increase in revenue versus FY2024's $104,450.
• MoneySaverApp / Ankam LLC — Ownership and operations of MoneySaverApp were transferred to wholly-owned Ankam LLC in November 2023, though no separate revenue figure for this unit is given in the excerpts.

Recent performance

The 10-K reports FY2025 (year ended November 30, 2025) revenue of $325,000 versus $104,450 in FY2024, with FY2025 revenue from subscription sales. The 10-K states the year-over-year increase was caused by subsidiary Mei Sheng Corporation Limited starting business and expanding its Asia Pacific market share. FY2025 total operating expenses fell to $242,292 from $395,604, and other income dropped to $40 from $154,308 (which in 2024 was a $154,308 gain on debt forgiveness). The 10-K reports FY2025 net loss of $67,152 versus $136,846 for FY2024. Recent quarterly revenue shows $44,900 for the quarter ended May 31, 2026, against $165,000 in the May 31, 2025 quarter and $0 in the August 31, 2025 quarter.

Strategy

The company states it is building Expense Minder, a mobile app for expense tracking and submission with categorization, saving goals, and bill reminders. Marketing plans center on digital campaigns, app store optimization, and cross-promotion among Expense Minder, MoneySaverApp, and Apex. Growth has been pursued through subsidiaries: Ankam LLC for MoneySaverApp, Apex Intelligence LLC for the Apex currency converter, and Mei Sheng Corporation Limited for Asia Pacific expansion, particularly Hong Kong and Taiwan. Mei Sheng contracted Consummation International Business Co., Ltd in August 2024 to develop a health products sales platform. A group led by Wang Wen Lung acquired a controlling 77% stake on August 12, 2024, and Wang Wen Lung became President, Treasurer, Director and Secretary in place of Bakur Kalichava.

Risks

• Going concern / accumulated deficit — The 10-K states the Company had an accumulated deficit of $564,891 as of November 30, 2025 and that further losses are anticipated in the development of its business.
• Negative working capital and thin liquidity — The latest balance sheet shows total assets of $31,880 against total liabilities of $679,733, shareholder equity of -$647,853, and cash of only $6,330 as of May 31, 2026.
• Reliance on related-party funding — The 10-K lists $447,418 due to director within FY2025 total liabilities of $574,813, and FY2025 financing cash inflow of $22,207 from net related party activity.
• Uneven and lumpy revenue — Reported quarterly revenue ranged from $165,000 (May 31, 2025) to $0 (August 31, 2025) to $85,000 (November 30, 2025) to $44,900 (May 31, 2026), with no explanation of the causes provided in the excerpts.

Outlook

The excerpts do not contain forward revenue or earnings guidance. The 10-K states that further losses are anticipated in the development of the business. Management attributes the FY2025 revenue increase to Mei Sheng Corporation Limited's Asia Pacific expansion. No statements about expected 2026 results appear in the provided source material.