Basis of Preparation of Financial Statements (Policies) |
3 Months Ended | |||||||||||||||
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Sep. 30, 2025 | ||||||||||||||||
| Accounting Policies [Abstract] | ||||||||||||||||
| Basis of Presentation | 2.1 Basis of Presentation
We have prepared financial statements in accordance with accounting principles generally accepted in the United States of America (“GAAP”).
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| Intangible Assets | 2.2 Intangible Assets
Intangible assets are subject to amortization and are amortized using the straight-line method over their estimated period of benefit. The recoverability of intangible assets is evaluated periodically by taking into account events or circumstances that may warrant revised estimates of useful lives or that indicate the asset may be impaired.
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| Cash and Cash Equivalent | 2.3 Cash and Cash Equivalent
For purposes of the statements of cash flows, the Company considers cash in hand and cash at bank along with all highly liquid investments available for current use with an initial maturity of three months or less to be cash equivalents.
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| Capital Stock | 2.4 Capital Stock
The Company has 75,000,000 common shares authorized with a par value of $0.001 per share. 4,927,600 shares of common stock were issued and outstanding as at June 30, 2025 and 6,947,400 at September 30, 2025.
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| Revenue Recognition | 2.5 Revenue Recognition
The revenue is recognized when promised goods or services are transferred to the customer, with the recognized amount equaling the total consideration expected in return. The FASB's five-step approach for revenue recognition is as follows:
Readvantage Corp. is a company that provides access to a library of books enhanced with bionic reading technology. Company generates revenue by offering an API service that allows developers and companies to integrate bionic reading technology into their own platforms. This API service is offered through three different pricing plans with varying levels of access and functionality. We provide access to our API featuring bionic reading technology for developers and businesses looking to integrate this cutting-edge functionality into their platforms. For this service, we offer three subscription-based Tariff Plans, each providing varying levels of access and features. These plans are presented on our website at https://readvantage.tech. The subscription revenue of $5,677 recognized for the three months ended September 30, 2025, represents the Company’s revenue from selling our API featuring bionic reading technology subscriptions. Revenue is recognized over time, typically on a straight-line basis, as the customer receives access to the API throughout the subscription period. Any portion of the fees received but not yet earned by the end of the reporting period is recorded as deferred revenue and recognized in subsequent periods.
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| Earnings Per Share |
The Company presents basic and diluted earnings per share ("EPS") data for its ordinary shares. The basic EPS is calculated by dividing (a) by (b): a. The income attributable to common shareholders. b. The weighted-average number of common shares outstanding Diluted EPS is determined by adjusting the profit or loss attributable to ordinary shareholders and the weighted average number of ordinary shares outstanding, adjusted for the effects of all dilutive potential ordinary shares. There are no dilutive instruments at reporting date.
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| Deferred Revenue | 2.7 Deferred Revenue Deferred revenue represents billing in excess of revenue earned on contracts and is recognized on a pro-rata basis over the life of the contract.
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| Use of estimates | 2.8 Use of estimates
The preparation of financial statements in accounting principles generally accepted in the United States of America 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. A change in management's estimate or assumption could have a material impact on Readvantage Corp. financial condition and results of operations during the period in which such changes occurred. Actual results could differ from those estimates. Readvantage Corp. financial statements reflect all adjustments that management believe are necessary for the fair presentation of their financial condition and results of operations for the period presented.
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| Fair value measurements | 2.9 Fair value measurements
Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. In determining fair value, the Company uses various methods including market, income and cost approaches. Based on these approaches, the Company often utilized certain assumptions that participants would use in pricing the asset or liability, including assumptions about risk and/or the risks inherent in the inputs to the valuation technique. These inputs can be readily observable, market-corroborated or generally unobservable inputs. The Company utilizes valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs. Based on the observable inputs used in the valuation techniques, the Company is required to provide the following information according to the fair value hierarchy.
The fair value hierarchy ranks the quality and reliability of the information used to determine fair values. Financial assets and liabilities carried at fair value will be classified and disclosed in one of the following three categories:
- Level 1 observable inputs - unadjusted quoted prices inactive markets for identical assets and liabilities;
- Level 2 observable inputs - other than quoted prices included in Level 1 that are observable for the asset or liability through corroboration with market data;
- Level 3 un observable inputs - includes amounts derived from valuation models where one or more significant inputs are unobservable.
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| Net Income (Loss) per Common Share |
The Company computes income (loss) per share in accordance with ASC 260-10-45, Earnings per Share, which requires presentation of both basic and diluted earnings per share on the face of the statement of operations. Basic income (loss) per share is computed by dividing net income (loss) available to Common Stockholders 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 income (loss) per share excludes all potential common shares if their effect is anti-dilutive. The Company has no potential dilutive instruments, and therefore, basic and diluted income (loss) per share are equal. |