Incordex (ICDX) 10-Q 2023 Q2 Quarterly report

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 December 31, 2022

☐   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. 333-248609

INCORDEX CORP.

(Exact name of registrant as specified in its charter)

Nevada	7371	EIN 98-1541457
(State or other jurisdiction of incorporation or Organization)	(Primary Standard Industrial Classification Code Number)	(IRS Employer Identification Number)

6 Rosemary Way, 

Nuneaton, United Kingdom CV10 7ST

+44-203-99-11-252

(Address, including zip code, and telephone number,

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

Registered Agents Inc.

401 Ryland St., STE 200-A

Reno, NV 89502

775-401-6800

(Name, address, including zip code, and telephone number,

including area code, of agent for service)

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 and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted 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 and post 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. (Check one)

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 ☒

Applicable Only to Issuer Involved in Bankruptcy Proceedings During the Preceding Five Years. N/A

Indicate by checkmark whether the issuer has filed all documents and reports required to be filed by Section 12, 13 and 15(d) of the Securities Exchange Act of 1934 after the distribution of securities under a plan confirmed by a court. Yes ☐     No ☒

Applicable Only to Corporate Registrants

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 May 24, 2023
Common Stock: $0.001	6,450,000

TABLE OF CONTENTS

PART 1	FINANCIAL INFORMATION
	Balance Sheets(Unaudited)	F-1
	Statements of Operations(Unaudited)	F-2
	Statement of stockholders’ equity (deficit)(Unaudited)	F-3
	Statements of Cash Flows(Unaudited)	F-4
	Notes to Financial Statements(Unaudited)	F-5
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	3
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	5
Item 4.	Controls and Procedures	5
PART II.	OTHER INFORMATION	6
Item 1	Legal Proceedings	6
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	6
Item 3	Defaults Upon Senior Securities	6
Item 4	Mine safety disclosures	6
Item 5	Other Information	6
Item 6	Exhibits	7
	Signatures	8

2

INCORDEX CORP. 

INDEX TO FINANCIAL STATEMENTS  

For three and six months ended December 31, 2022 and 2021 (Unaudited)
Balance Sheets – December 31, 2022 (Unaudited) and June 30, 2022	F-1
Statements of Operations –Three and six months ending December 31, 2022 and 2021 (Unaudited)	F-2
Statement of Stockholders’ Equity (Deficit) –for the three and six months ended December 31, 2022 and 2021 (Unaudited)	F-3
Statement of Cash Flows – Six months ended December 31, 2022 and 2021 (Unaudited)	F-4
Notes to Financial Statements (Unaudited)	F-5

INCORDEX CORP. 

BALANCE SHEETS 

ASSETS	December 31, 2022 (Unaudited)			June 30, 2022
Current Asset
Cash	$	5,603		$	9,555
Prepaid Expenses		4,800			4,800
Total Current Assets		10,403			14,355
Fixed assets
Website purchase		2,920			3,752
Total Fixed Assets		2,920			3,752
Total Assets	$	13,323		$	18,107
LIABILITIES AND STOCKHOLDERS’ EQUITY
Long term Liabilities
Director loan	$	7,314		$	7,314
Total Liabilities		7,314			7,314
Stockholders’ Equity
Common stock, par value $0.001; 75,000,000 shares authorized, 6,450,000 and 6,450,000 shares issued and outstanding		6,450			6,450
Additional paid in capital		27,550			27,550
Accumulated deficit		(27,991	)		(23,207	)
Total Stockholders’ Equity		6,009			10,793
Total Liabilities and Stockholders’ Equity	$	13,323		$	18,107

See accompanying notes, which are an integral part of these financial statements 

F-1

INCORDEX CORP. 

STATEMENTS OF OPERATIONS 

Three and six months ended December 31, 2022 and 2021

 (Unaudited) 

	For the three months ended December 31, 2022			For the three months ended December 31, 2021			For the six months ended December 31, 2022			For the six months ended December 31, 2021
REVENUES (services rendered)	$	-		$	-		$	-		$	-
OPERATING EXPENSES
General and Administrative Expenses		3,770			2,842			4,784			9,601
TOTAL OPERATING EXPENSES		(3,770	)		(2,842	)		(4,784	)		(9,601	)
NET INCOME (LOSS) FROM OPERATIONS		(3,770	)		(2,842	)		(4,784	)		(9,601	)
PROVISION FOR INCOME TAXES		-			-			-			-
NET PROFIT/LOSS	$	(3,770	)	$	(2,842	)	$	(4,784	)	$	(9,601	)
NET LOSS PER SHARE: BASIC AND DILUTED	$	(0.00	)	$	(0.00	)	$	(0.00	)	$	(0.00	)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED		6,450,000			6,097,772			6,450,000			6,097,772

See accompanying notes, which are an integral part of these financial statements 

F-2

INCORDEX CORP 

STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY

Three and six months ended December 31, 2022 and 2021

(Unaudited)

	Common Stock				Additional Paid-in		Retained			Total Stockholders’
	Shares		Amount		Capital		Deficit			Equity
Balance, June 30, 2021		5,500,000	$	5,500	$	9,500	$	(8,320	)	$	6,680
Shares issued for cash at $0.02 per share		950,000		950		18,050		-			19,000
Net loss		-		-		-		(6,758	)		(6,758	)
Balance at September 30, 2021 (Unaudited)		6,450,000	$	6,450	$	27,550	$	(15,078	)	$	18,922
Net loss		-		-		-		(2,842	)		(2,842	)
Balance at December 31, 2021 (Unaudited)		6,450,000	$	6,450	$	27,550	$	(17,920	)	$	16,080
Balance at June 30, 2022		6,450,000	$	6,450	$	27,550	$	(23,207	)	$	10,793
Net loss		-		-		-		(1,014	)		(1,014	)
Balance at September 30, 2022 (Unaudited)		6,450,000	$	6,450	$	27,550	$	(24,221	)	$	9,779
Net loss		-		-		-		(3,770	)		(3,770	)
Balance at December 31, 2022 (Unaudited)		6,450,000	$	6,450	$	27,550	$	(27,991	)	$	6,009

See accompanying notes, which are an integral part of these financial statements 

F-3

INCORDEX CORP 

STATEMENTS OF CASH FLOWS

Six months ended December 31, 2022 and 2021 

(Unaudited)

	For the six months ended December 31, 2022			For the six months ended December 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss for the period	$	(4,784	)	$	(9,601	)
Adjustments to reconcile net loss to net cash from operating activities:
Accumulated Depreciation		832			416
Accounts Payable		-			(2,250	)
CASH FLOWS USED IN OPERATING ACTIVITIES		(3,952	)		(11,435	)
CASH FLOWS FROM INVESTING ACTIVITIES
Website purchase		-			(5,000	)
CASH FLOWS USED IN INVESTING ACTIVITIES		-			(5,000	)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from sale of common stock		-			19,000
CASH FLOWS PROVIDED BY FINANCING ACTIVITIES		-			19,000
NET CHANGE IN CASH		(3,952	)		2,565
Cash, beginning of period		9,555			16,244
Cash, end of period	$	5,603		$	18,810
SUPPLEMENTAL CASH FLOW INFORMATION:
Interest paid	$	-		$	-
Income taxes paid	$	-		$	-

See accompanying notes, which are an integral part of these financial statements 

F-4

INCORDEX CORP.

NOTES TO THE FINANCIAL STATEMENTS 

Six months ended December 31, 2022 and 2021 

(Unaudited) 

Note 1 – ORGANIZATION AND NATURE OF BUSINESS

Incordex Corp. (“the Company”, “we”, “us” or “our”) we were incorporated on June 12, 2020 and intend to offer handwritten letter service via our web platform.  Incordex Corp. will be an online handwritten letter service that sends handwritten letters and cards. Our customers will be business and private persons. Customers will use our services to send real handwritten letters to prospects and new customers. We expect our main customers will be direct mail marketing companies. Private persons will use our services for their private needs. The letter writers will be freelancers around the world. Our freelancers will be working on independent contract basis. 

Our current address is 6 Rosemary Way, Nuneaton, CV107ST United Kingdom. 

Note 2 – GOING CONCERN

The accompanying financial statements have been prepared in conformity with generally accepted accounting principles in the United States of America (“GAAP”), which contemplate continuation of the Company as a going concern.  The Company has an accumulated deficit of $27,991 as of December 31, 2022.  The Company currently has losses and has not completed its efforts to establish a stabilized source of revenues sufficient to cover operating costs over an extended period of time. Therefore, there is substantial doubt about the Company’s ability to continue as a going concern. Management anticipates that the Company will be dependent, for the near future, on additional investment capital to fund operating expenses. The Company intends to position itself so that it will be able to raise additional funds through the capital markets. In light of management’s efforts, there are no assurances that the Company will be successful in this or any of its endeavors or become financially viable and continue as a going concern. 

Note 3 – SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES

Basis of presentation 

The accompanying unaudited condensed financial statements have been prepared in accordance with the rules and regulations (Regulation S-X) of the Securities and Exchange Commission (the “SEC”) and with the instructions to Form 10-Q. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. The results of operations for the six months ended December 31, 2022 and 2021 are not necessarily indicative of the operating results that may be expected for the year ending June 30, 2023. These unaudited condensed financial statements should be read in conjunction with the June 30, 2023, financial statements and notes thereto.

Use of Estimates 

The preparation of financial statements in conformity with US GAAP 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 the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates. 

F-5

Fair Value of Financial Instruments 

FASB ASC Topic 820, "Fair Value Measurement," defines fair value as the exchange price that would be received for an asset or paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. The standards apply to recurring and nonrecurring fair value measurements of financial and non-financial assets and liabilities. The Company determines the fair values of its assets and liabilities based on a fair value hierarchy that includes three levels of inputs that may be used to measure fair value. 

The three levels are defined as follows: 

Level 1:	defined as observable inputs such as quoted prices in active markets;
Level 2:	defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and
Level 3:	defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions.

Income Taxes 

The Company is a C Corporation under the Internal Revenue Code and a similar section of the state code. 

All income tax amounts reflect the use of the liability method under accounting for income taxes. Income taxes are provided for the tax effects of transactions reported in the financial statements and consist of taxes currently due plus deferred taxes arising primarily from differences between financial and tax reporting purposes. Current year expense represents the amount of income taxes paid, payable or refundable for the period. 

Deferred income taxes, net of appropriate valuation allowances, are determined using the tax rates expected to be in effect when the taxes are actually paid. Valuation allowances are recorded against deferred tax assets when it is more likely than not that such assets will not be realized. When an uncertain tax position meets the more likely than not recognition threshold, the position is measured to determine the amount of benefit or expense to recognize in the financial statements. 

The Company’s income tax returns are subject to review and examination by federal, state and local governmental authorities. As of December 31, 2022, there is no year open to examination with federal, state and local governmental authorities. To the extent penalties and interest are incurred through an examination, they would be included in the income tax section of the statement of operations and comprehensive loss. 

Basic Income (Loss) Per Share 

The Company computes income (loss) per share in accordance with FASB ASC 260 “Earnings per Share”. Basic loss per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted income (loss) per share gives effect to all dilutive potential common shares outstanding during the period.  Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive. As of December 31, 2022 there were no potentially dilutive debt or equity instruments issued or outstanding.  

Comprehensive Income 

Comprehensive income is defined as all changes in stockholders’ equity, exclusive of transactions with owners, such as capital investments. Comprehensive income includes net income or loss, changes in certain assets and liabilities that are reported directly in equity such as translation adjustments on investments in foreign subsidiaries and unrealized gains (losses) on available-for-sale securities. As of December 31, 2022 were no differences between our comprehensive loss and net loss. 

F-6

Revenue Recognition

The Company recognizes revenue in accordance with Accounting Standards Codification (“ASC”) 606, “Revenue from Contracts with Customers”. The core principle of ASC 606 is that an entity recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. An entity recognizes revenue in accordance with that core principle by applying the following steps: Step 1: Identify the contract(s) with a customer Step 2: Identify the performance obligations in the contract Step 3: Determine the transaction price Step 4: Allocate the transaction price to the performance obligations in the contract Step 5: Recognize revenue when (or as) the entity satisfies a performance obligation. Specifically, Section 606-10-50 requires an entity to provide information about: a. Revenue recognized from contracts with customers, including the disaggregation of revenue into appropriate categories; b. Contract balances, including the opening and closing balances of receivables, contract assets, and contract liabilities; c. Performance obligations, including when the entity typically satisfies its performance obligations and the transaction price that is allocated to the remaining performance obligations in a contract; d. Significant judgments, and changes in judgments, made in applying the requirements to those contracts.

For the six months ended December 31, 2022, the Company has generated $0 in revenue.

Recent Accounting Pronouncements

We have reviewed all the recently issued, but not yet effective, accounting pronouncements and we do not believe any of these pronouncements will have a material impact on the Company. 

Note 4 – INTANGIBLE ASSETS

The Company purchased and possesses an asset in a form of an operative website. The Company purchased the website for $5,000 and is amortizing the asset straight-line over its three year useful life or $1,664 per year.  For the six months ended December 31, 2022 our amortization expense was $832. As of December 31, 2022 our accumulated amortization was $2,080.

Note 5– COMMON STOCK

The Company has 75,000,000, $0.0001 par value shares of common stock authorized. 

There were 5,500,000 shares of common stock issued and outstanding as of June 30, 2021. 

In July, and August 2021 the Company issued 950,000 common shares at $0.02 for total of $19,000.

There were 6,450,000 shares of common stock issued and outstanding as of December 31, 2022 and June 30, 2022. 

Voting Common Stock 

All shares of common stock have voting rights and are identical. All holders of shares of voting common stock shall at every meeting of the stockholders be entitled to one vote for each share of the capital stock held by such stockholder. 

Non-voting Common Stock 

All of the other terms of the Non-Voting Common Stock shall be identical to the Voting Common Stock, except for the right of first refusal that attaches to the Non-Voting Common Stock, as explained in the Company’s Bylaws. 

Note 6 – COMMITMENTS AND CONTINGENCIES

In the normal course of business, the Company may become a party to litigation matters involving claims against it. As of December 31, 2022, there are no current matters that would have a material effect on the Company’s financial position or results of operations. 

F-7

The extent of the impact of the coronavirus ("COVID-19") outbreak on the financial performance of the Company will depend on future developments, including the duration and spread of the outbreak and related advisories and restrictions and the impact of COVID-19 on the overall economy, all of which are highly uncertain and cannot be predicted. If the overall economy is impacted for an extended period, the Company’s future operating results may be materially adversely affected.

Note 7 – SUBSEQUENT EVENTS

In accordance with FASB ASC Topic 855 “Subsequent Events”, the Company has analyzed its operations through May 24, 2023 and the date these financial statements were available to be issued, and there were no events to report. 

F-8

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.

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

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 Months Periods Ended December 31, 2022 and 2021:

During the three months period ended December 31, 2022 and 2021 we have not generated any revenues.

For the three months period ended December 31, 2022 operating expenses were $(3,770). Operating expenses consist of mainly professional fees.

For the three months period ended December 31, 2021 operating expenses were $(2,842). Operating expenses consist of mainly professional fees.

Our net loss for the three months period ended December 31, 2022 were $(3,770).

Our net loss for the three months period ended December 31, 2021 were $(2,842).

Six Months Periods Ended December 31, 2022 and 2021:

During the six months period ended December 31, 2022 and 2021 we have not generated any revenues.

For the six months period ended December 31, 2022 operating expenses were $(4,784). Operating expenses consist of mainly professional fees.

For the six months period ended December 31, 2021 operating expenses were $(9,601). Operating expenses consisted of mainly professional fees.

Our net loss for the six months period ended December 31, 2022 were $(4,784).

3

Our net loss for the six months period ended December 31, 2021 were $(9,601).

Liquidity and Capital Resources

As of December 31, 2022, our total assets were $13,323 consisting of cash of $5,603, website purchase of $2,920 and prepaid expenses of $4,800. As of December 31, 2022, our current liabilities were $7,314 consisting of director loan.

Cash Flows from Operating Activities for six months ending December 31, 2022 and 2021

We have not generated positive cash flows from operating activities. For the six months ended December 31, 2022, net cash flows used in operating activities was $(3,952). For the six months ended December 31, 2021, net cash flows used in operating activities was $(11,435).

Cash Flows from Investing Activities

We have not generated cash flows from investing activities for the six months ended December 31, 2022. For the six months ended December 31, 2021, net cash flows generated from investing activities was $(5,000).

Cash Flows from Financing Activities

We have not generated cash flows from financing activities for the six months ended December 31, 2022. For the six months ended December 31, 2021, net cash flows provided by financing activities was $19,000 from issuance of common stock.

Plan of Operation and Funding

We expect that working capital requirements will continue to be funded through a combination of our existing funds 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) acquisition of inventory; (ii) developmental expenses associated with a start-up business; and (iii) marketing expenses. 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.

4

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.

In December 2019, a novel strain of coronavirus (COVID-19) emerged in Wuhan, Hubei Province, China. While initially the outbreak was largely concentrated in China and caused significant disruptions to its economy, it has now spread to several other countries and infections have been reported globally.

The ultimate impact of the COVID-19 pandemic on the Company’s operations is unknown and will depend on future developments, which are highly uncertain and cannot be predicted with confidence, including the duration of the COVID-19 outbreak, new information which may emerge concerning the severity of the COVID-19 pandemic, and any additional preventative and protective actions that governments, or the Company, may direct, which may result in an extended period of continued business disruption, reduced customer traffic and reduced operations. Any resulting financial impact cannot be reasonably estimated at this time but is anticipated to have a material adverse impact on our business, financial condition and results of operations.

The measures taken to date will impact the Company’s business for the fiscal fourth quarter and potentially beyond. Management expects that all of its business segments, across all of its geographies, will be impacted to some degree, but the significance of the impact of the COVID-19 outbreak on the Company’s business and the duration for which it may have an impact cannot be determined at this time.

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 December 31, 2022. 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 three-month period ended December 31, 2022 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

5

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

No report required.

6

ITEM 6. EXHIBITS

31.1	Certification of Chief Executive Officer pursuant to Securities Exchange Act of 1934 Rule 13a-14(a) or 15d-14(a).
32.1	Certifications pursuant to Securities Exchange Act of 1934 Rule 13a-14(b) or 15d-14(b) and 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes- Oxley Act of 2002.
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 Labels Linkbase Document.
101.PRE	Inline XBRL Taxonomy Extension Presentation Linkbase Document.
104	Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)

7

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized on May 24, 2023.

INCORDEX CORP.
By:	/s/ Iurii Abramovici
Name:	Iurii Abramovici
Title:	President

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities indicated on May 24, 2023.

Signature	Title
/s/ Iurii Abramovici	President, Chief Executive Officer, Treasurer, Secretary,
Iurii Abramovici	and Director (Principal Executive Officer and Principal Accounting Officer)

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