Un Monde International Ltd (ARMC) 10-K Review

In this comprehensive 10-K review, we examine Un Monde International Ltd (OTC Pink: ARMC), a Nevada‐incorporated development‐stage company that aspires to build and acquire private educational and management services companies. As of December 31, 2024, Un Monde has no revenues, is unprofitable, and carries significant going‐concern risk. We will analyze its business plan, governance, financial position, cash flows, risk factors, and outlook. This deep dive offers investors a clear picture of the company’s potential and pitfalls.

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1. Business Overview (Item 1)

Company History & Structure
Un Monde International Ltd was originally organized as Asiarim Corp. in June 2007. Prior to 2012, it engaged in computer electronics via the acquisition of Commodore. After failing to file required SEC reports and losing its board structure, a Nevada court appointed a custodian in 2016 to reinstate the charter, fund liabilities, and appoint a new management team. In March 2019, a change of control shifted strategic focus to international education.

Pressing Vision
The company’s stated goal is to acquire private corporations involved in specialized, internationalized education and management services for global students. They plan to deliver multilingual curricula, critical‐thinking tools, and cost‐effective online solutions—particularly targeting students in markets with rising barriers to study abroad, such as China post–COVID-19.

Development Stage
Un Monde remains in the development stage, with no revenues realized as of year‐end 2024. A dedicated headquarter office lease was executed May 1, 2023, and restarted in January 2024, marking the first operational footprint. Management acknowledges no track record and is actively raising capital to identify acquisition targets.

2. Governance & Corporate Structure

Board & Management

• Ci Zhang: Chairman, CEO, CFO, and sole director. Over 15 years in education/technology, Cisco‐certified network professional, and founder of One World International School. No independent directors or audit/compensation committees are in place.

Audit, Compensation & Nominating Committees
Un Monde does not have separate board committees. The absence of independent oversight raises significant governance concerns, especially in light of material weaknesses in internal controls.

Related‐Party Transactions
Management and major shareholder Ci Zhang extended non‐interest‐bearing loans aggregating $254,736 at December 31, 2024, to fund operations. These advances carry no formal repayment schedule and illustrate ongoing capital needs.

3. Financial Position & Results of Operations (Items 7, 8)

3.1 Income Statement Highlights

• Revenue: $0 in 2024 and 2023.
• Operating Expenses: $92,243 in 2024 vs. $68,987 in 2023. The increase primarily reflects costs associated with becoming a public reporting company (audit, legal, compliance) and the new lease.
• Net Loss: $(92,243) in 2024 vs. $(68,987) in 2023.
• EPS: Basic and diluted loss per share of $(0.014) in 2024 vs. $(0.011) in 2023.

3.2 Balance Sheet Summary

Assets: Total assets rose to $120,243 at December 31, 2024, from $10,593 at December 31, 2023, reflecting recognition of operating lease right‐of‐use (ROU) assets ($112,622) and a security deposit ($7,621).

Liabilities: Current liabilities increased dramatically to $296,518 (2024) from $182,301 (2023), driven by:

• Accounts payables/accrued expenses: $16,500
• Lease liabilities (current): $25,282
• Due to related party: $254,736

Noncurrent operating lease liabilities were $87,676 at year‐end 2024. Total liabilities: $384,194.

Equity: With 6,493,346 shares outstanding, common stock par value stands at $6,493, additional paid‐in capital of $2,317,217, and accumulated deficit of $(2,587,661), producing a stockholders’ deficit of $(263,951).

3.3 Cash Flow Analysis

Operating Activities

• Cash used: $(74,876) in 2024 vs. $(92,240) in 2023.
• Adjusted for lease amortization of $28,254.

Investing Activities

• No cash flows from investing activities.

Financing Activities

• Cash provided: $74,876 in 2024 vs. $92,240 in 2023, representing advances from a related party.

At December 31, 2024, Un Monde held $0 in cash. Operating losses and negative working capital underscore the company’s reliance on shareholder funding.

4. Liquidity, Capital Resources & Going Concern (Item 7)

• The company has a working capital deficit of $284,194 (current assets $10,593 vs. current liabilities $296,518).
• Recurring losses and an accumulated deficit of $2.6 million raise substantial doubt about its ability to continue as a going concern.
• Management plans to raise capital via debt or equity but has no definitive agreements in place.

Auditor’s Going Concern Opinion
The independent auditor (Beckles & Co.) issued a “going concern” paragraph, noting recurring losses, deficit, and the need to raise funds. No adjustments were made for potential failure to secure additional capital.

5. Risk Factors & Compliance (Item 1A, 1C)

Although Un Monde qualifies as a smaller reporting company and omits detailed Item 1A disclosures, several red flags emerge:

• No revenue track record: High uncertainty in business model execution.
• Going concern: Reliance on acquiring capital without active revenue streams.
• Governance gaps: No independent directors, committees, or robust internal controls.
• Diluted market liquidity: OTC Pink “Pink Sheets” trading under ARMC, limited liquidity, sporadic trading.
• Regulatory compliance: Subject to Exchange Act, Sarbanes‐Oxley, but lacks formal insider trading policies and a fully functioning audit committee.

Cybersecurity: No material incidents or exposures reported; basic protocols implemented, overseen by the board.

6. Competitive Landscape & Strategy

The global online and cross‐border education market is growing, fueled by digital transformation and demand for cost‐effective alternatives to traditional study abroad. Major established players include New Oriental (China), Pearson, and other MOOC/EdTech platforms. Un Monde’s strategy—to acquire niche schools or platforms and leverage a multilingual curriculum—faces steep competition, high compliance costs, and execution risk.

Key Success Factors

1. Proven management track record in edtech acquisitions.
2. Secured capital to finance acquisitions and ongoing operations.
3. Differentiated curriculum & technology integration (AI/big data insights).
4. Robust governance and scalable control infrastructure.

Absent these, the plan remains speculative.

7. Conclusion and Investment Score

Un Monde International Ltd is a highly speculative, development‐stage entity without revenues, significant net losses, negative working capital, and governance challenges. Its value depends entirely on successfully raising capital and executing acquisitions in a competitive global education market. The current risk profile is extreme, and there is no guarantee of future operations or returns.

Investment Score: 2.0/10
A score of 2 reflects the speculative nature, severe liquidity constraints, absence of revenue, and governance gaps. Only investors seeking deep‐value, high‐risk opportunities with a specialized belief in global edtech might consider this as a long‐shot play.

Net Loss for 2024: $(92,243).

Disclaimer: This analysis is based solely on the provided 10-K for Un Monde International Ltd. Investing in micro‐caps and OTC Pink securities carries significant risk, including illiquidity, limited disclosure, and volatility. Always perform independent due diligence before investing.