16 December 2025
Mag Magna Corp
10-K / July 23, 2025
10-K / August 13, 2024
10-K / July 23, 2025
Company Summary: Mag Magna Corp
Overview
Mag Magna Corp is a startup company incorporated on September 20, 2021, with a primary focus on the poultry farming industry, specifically promoting alternative chicken raising methods without antibiotics. The company develops and formulates natural feed additives and advanced technological solutions to support sustainable poultry practices. It offers consulting services and subscription-based API software tools to poultry farmers and related businesses.
Business Operations
-
Main Activities:
- Consulting services for poultry farming, including promoting antibiotic-free chicken raising.
- Development and sales of subscription plans for an AI-powered poultry health management API called Poultry Wellness Guide API.
- Partnership with Ipax LLC to utilize patented formulas and advisory services.
-
Product & Services:
- Subscription plans for API requests (with a free trial offering up to 3 requests/day).
- Consulting services in poultry farming.
-
Technology:
- The Poultry Wellness Guide API diagnoses and manages chicken diseases based on breed and symptoms.
- Covers 12 common chicken breeds.
- Offers instant access to a detailed database with symptoms, causes, and management techniques.
Customers & Revenue
-
Customer Base:
- As of July 23, 2025, the company has 51 shareholders.
- The company’s primary shareholder is Wang Gang, holding approximately 79.65% of shares (4,642,772 shares).
-
Revenue (2025):
- Total revenue: $49,905
- From consulting services: $23,726
- From API requests: $26,179
- The revenue increased significantly compared to the prior year (2024 revenue was $5,600, all from consulting services).
- Total revenue: $49,905
-
Business Development Timeline:
- Began selling services in October 2023.
- Introduced API services via the website starting June 2024.
- The company also offers a free trial to attract users.
Financials
-
Income:
- Net loss for the year ending April 30, 2025: $52,254.
- Net loss for the prior year (2024): $50,853.
- The company has an accumulated deficit of $121,024 as of April 30, 2025.
-
Assets & Liabilities (as of April 30, 2025):
- Total assets: $144,297
- Prepaid expenses: $25,975
- Intangible assets: $118,322
- Total liabilities: $227,595
- Accounts payable: $396
- Deferred income: $5,272
- Loan payable to former director: $221,927
- Total assets: $144,297
-
Employees:
- As of April 30, 2025, the company has 2 members on the board:
- Wang Gang (also CEO, President, Treasurer, Secretary)
- Tomasz Anczok (Director)
- As of April 30, 2025, the company has 2 members on the board:
Corporate Details
-
Headquarters:
- Shenzhen City, Guangdong Province, China.
- Parent or primary operational base is located at Room 2318, Anxiaowo Apartment, Huaqiang Square.
-
Stock Information:
- 5,829,047 common shares issued and outstanding as of July 23, 2025.
- No securities registered under Section 12(b).
- The stock is traded on OTCQB under the symbol "MGNC".
-
Management & Control Changes:
- On June 4, 2025, a change in control occurred:
- Wang Gang acquired 4.5 million shares (77.2% ownership) for $564,380.50.
- Wang Gang became the sole director and CEO.
- Previous officers and directors resigned.
- On June 4, 2025, a change in control occurred:
Summary
Mag Magna Corp is in the early stages of commercializing AI-driven poultry health management solutions and consulting services aimed at sustainable chicken farming. Revenue streams come from subscription plans and consulting, with a small employee and shareholder base. It faces significant net losses and liabilities but is actively developing its technological and customer base.
