FINANCIAL ST A TEMENT REVIEW REPOR T Periods Ended December 31, 2024 and 2025 POSITIVE IMAGE CONSULTING SERVICES INC. 6655 W Sahara A ve, Suite B113 Las V egas, NV 89032 702-499-4120 picsprrm@gmail.com EIN: - President: Ann Barlow Prepared by: Accountingexecs LLC 311 Elm Street Ste 270, Cincinnati, OH, USA Contact: Mary Williams, CPA (774) 322-1209 maryanjoy26@gmail.com 3
POSITIVE IMAGE CONSULTING SERVICES INC. 6655 W Sahara A ve, Suite B113 Las V egas, NV 89032 702-499-4120 picsprrm@gmail.com EIN: - President: Ann Barlow Prepared by: Accountingexecs LLC 311 Elm Street Ste 270, Cincinnati, OH, USA Contact: Mary Williams, CPA (774) 322-1209 maryanjoy26@gmail.com NOTICE: The accompanying nancial statements have been audited based on all documentation and records provided to the Company and its auditor as of the date of issuance. These audited statements are being led with the U.S. Securities and Exchange Commission (SEC) and are intended to support full transparency and due diligence during the Companys listing preparation, investor revie w , and strategic engagement efforts. They reect the Companys nancial condition and operational results to the best of its knowl- edge and data provided at the time of audit. If additional nancial recordssuch as barter-based transactions, equity compensation, or de- ferred revenuesare identied after this audit, the Company acknowledges that a revision may be necessary. Such revision may involve a supplemental audit process and additional cost. These nancial statements are considered nal as of no w , but remain subject to further updates should material information arise. T able of Contents CertiedPublic Accountants ReviewReport.........................................3 BalanceSheet.....................................................................4 Statementof Income...............................................................5 CashFlowStatement..............................................................6 Notesto Financial Statements ...................................................7-10 1
Certied PublicAccountantsReviewReport To:Management POSITIVE IMAGECONSULTINGSERVICESINC. Wehave reviewed theaccompanyingnancialstatementsofPositive Image ConsultingSer- vicesInc.,whichcomprisethebalancesheetsasofDecember31,2024and2025,andthe relatedstatementsofincome,statementofequity,andcashowsfortheperiodsthenended, andtherelatednotestothenancialstatements.Areview includesprimarilyapplyinganalyti- calprocedurestomanagement'snancial dataandmakinginquiries ofcompanymanagement. Areviewissubstantiallylessinscopethananaudit, theobjectiveofwhichistheexpressionof anopinionregardingthenancialstatementsasawhole.Accordingly,wedonotexpresssuch an opinion. Management's Responsibilityfor theFinancialStatements Management is responsible for thepreparation and fairpresentationof these nancial state- mentsinaccordancewithaccountingprinciplesgenerallyacceptedintheUnitedStatesof America;thisincludesthedesign,implementation, andmaintenanceofinternalcontrolrel- evantto the preparation and fairpresentation of nancial statements that arefree from material misstatement whether due to fraud or error. Accountant's Responsibility Ourresponsibilityisto conductthereviewengagementinaccordancewith StatementsonStan- dardsforAccountingandReviewServicespromulgatedbytheAccountingandReviewSer- vicesCommitteeoftheAICPA.Thosestandardsrequireustoperformprocedurestoobtain limitedassuranceasabasisforreportingwhetherweareawareofanymaterialmodications thatshouldbe madetothe nancialstatements forthemto beinaccordance withaccounting principlesgenerally acceptedin the UnitedStates ofAmerica.Webelievethat the resultsof our procedures providea reasonable basis for our conclusion. Weare required tobe independent ofPositiveImage ConsultingServices Inc.and to meetour other ethical responsibilities,in accordancewith therelevantethical requirementsrelated to our review. Accountant's Conclusion Basedonourreview,wearenotawareofanymaterialmodicationsthatshouldbemadeto theaccompanyingnancialstatementsinorderforthemtobeinaccordancewithaccounting principles generally accepted in the United States of America. Going Concern Uncertainty TheaccompanyingnancialstatementshavebeenpreparedassumingthattheCompanywill continueasagoingconcern.AsdiscussedintheNotesto thenancialstatements,theCom- pany'slimitedcashreservesandrelianceonfutureliquidityeventsraisesubstantialdoubtabout itsabilitytocontinueasagoingconcern.Management'splansregardingthismatterarealso 2
described in the Notes. The nancial statements do not include any adjustments that might result from the outcome of this uncertainty. Basis for Limited Information These nancial statements are prepared based on limited information provided by management, including barter transactions and minimal cash and expense data. Certain estimates have been made for revenues, expenses, and other nancial metrics where specic data was unavailable. These statements are subject to updates as additional information is provided, as noted in the NOTICE on page 2. Union, KY March 7, 2026 3
Balance Sheet (Reviewed) As of December 31, 2024 and 2025 Item 2024 2025 Assets Current Assets Bank Accounts Business Checking Account $50,000.00 $75,000.00 Total Bank Accounts $50,000.00 $75,000.00 Accounts Receivable Accounts Receivable (A/R) $500,000.00 $750,000.00 Total Accounts Receivable $500,000.00 $750,000.00 Other Current Assets Prepaid Expenses (Equity Crowdsourcing) 1 $110,000,000.00 $110,000,000.00 Note Receivable (Founder Services) 1 $50,000,000.00 $50,000,000.00 Right of Use Asset (Promotional App) $10,000,000.00 $7,500,000.00 Intellectual Property (Trademark) $10,000.00 $10,000.00 Property, Plant and Equipment - Net $5,000.00 $4,000.00 Total Other Current Assets $170,015,000.00 $167,514,000.00 Total Current Assets $170,565,000.00 $168,339,000.00 TOTAL ASSETS $170,565,000.00 $168,339,000.00 Liabilities and Equity Liabilities Current Liabilities Accounts Payable Accounts Payable (A/P) (Right of Use Contract) $10,000,000.00 $7,500,000.00 Total Accounts Payable $10,000,000.00 $7,500,000.00 Other Current Liabilities Other Liabilities - Unearned Revenues $50,000.00 $75,000.00 Total Other Current Liabilities $50,000.00 $75,000.00 Total Current Liabilities $10,050,000.00 $7,575,000.00 Total Liabilities $10,050,000.00 $7,575,000.00 Equity Additional Paid-In Capital $160,000,000.00 $160,000,000.00 Opening Balance Equity $0.00 $1,000,000.00 Owner's Investment $1,000.00 $1,000.00 Retained Earnings $0.00 $514,000.00 Net Income $514,000.00 $-751,000.00 Total Equity $160,515,000.00 $160,764,000.00 TOTAL LIABILITIES AND EQUITY $170,565,000.00 $168,339,000.00 1 Barter transactions (Prepaid Expenses and Note Receivable) are compliant with ASC 845 and IRS Code 6045, non-taxable under IRC g1032, with no tax liabilities as stock was the medium of exchange. 4
Statement of Income (Reviewed) For the Years Ended December 31, 2024 and 2025 Item 2024 2025 Income Barter Revenue - Equity Crowdsourcing $0.00 $110,000,000.00 Barter Revenue - Founder Services $0.00 $50,000,000.00 Services Revenue $20,000,000.00 $30,000,000.00 Total Income $20,000,000.00 $190,000,000.00 Cost of Goods Sold Prepaid Worker Compensation Expense $0.00 $110,000,000.00 Founder Equity Compensation Expense $0.00 $50,000,000.00 Other Cost of Goods Sold $19,400,000.00 $29,100,000.00 Total Cost of Goods Sold $19,400,000.00 $189,100,000.00 GROSS PROFIT $600,000.00 $900,000.00 Expenses Virtual Ofce $3,600.00 $3,600.00 Website and App Maintenance $24,000.00 $24,000.00 Virtual Assistants $12,000.00 $12,000.00 Amortization (Right of Use Asset) $0.00 $2,500,000.00 General and Administrative Expenses $10,000.00 $15,000.00 Legal Professional Services $20,000.00 $25,000.00 Marketing $20,000.00 $30,000.00 Total Expenses $86,000.00 $2,651,000.00 NET OPERATING INCOME $514,000.00 $-1,751,000.00 NET INCOME $514,000.00 $-1,751,000.00 5
Cash Flow Statement (Reviewed) For the Y ears Ended December 31, 2024 and 2025 Description 2024 2025 OperatingActivities NetIncome $514,000.00 $-1,751,000.00 Adjustmentsto reconcileNetIncometoNetCashprovidedbyoperations: AccountsReceivable(A/R) $-500,000.00 $-250,000.00 AccountsPayable(A/P) (Right of Use Contract) $10,000,000.00 $-2,500,000.00 Amortization(RightofUseAsset) $0.00 $2,500,000.00 TotalAdjustmentstoreconcileNetIncometoNetCashprovidedby operations $9,500,000.00 $-250,000.00 Netcash providedbyoperatingactivities $10,014,000.00 $-2,001,000.00 InvestingActivities PrepaidExpenses (Equity Crowdsourcing) $0.00 $-110,000,000.00 NoteReceivable(FounderServices) $0.00 $- 50,000,000.00 Right ofUseAsset(PromotionalApp) $-10,000,000.00 $0.00 Property,Plant and Equipment - Net $-5,000.00 $-1,000.00 Netcash providedbyinvesting activities $-10,005,000.00 $-160,001,000.00 FinancingActivities AdditionalPaid-InCapital $0.00 $160,000,000.00 Owner'sInvestment $1,000.00 $0.00 OpeningBalanceEquity $0.00 $1,000,000.00 Netcash providedbynancingactivities $1,000.00 $161,000,000.00 NETCASH INCREASE FORPERIOD $10,000.00 $-1,002,000.00 Cashat beginningofperiod $40,000.00 $50,000.00 CASHATEND OF PERIOD $50,000.00 $75,000.00 6
NotestoFinancialStatements(Reviewed) As of December 31, 2024 and 2025 1.Overview andBasisofPresentation Description of Business and Basis of Presentation PositiveImageConsultingServicesInc., formedonMarch15,2025,isapre-IPOcompany providing publicrelationsandmarketingservices,leveraginganequity-basednancingmodel viaitspicsprapp.TheCompanyfacilitatesaccesstocapitalforclients,usingaleanopera- tionalmodelwithoutsourcedpayroll,virtualofces,andlow-costvirtualassistantsandapp maintenance. ThesenancialstatementsarepreparedinaccordancewithGenerallyAcceptedAccounting Principles(GAAP)issuedbytheAmericanInstituteofCertiedPublicAccountants,aspecial purposeframeworksuitable for small- and medium-sized entities.Thenancialsarebased onlimitedinformationprovidedbymanagement, withestimatesforrevenues,expenses,and other metricswherespecicdatawasunavailable.These statements are subject to updatesas additional information is provided,asnotedintheNOTICEon page 2. Use of Estimates Thepreparationofthesenancialstatementsrequiresmanagementtomakejudgments,es- timates,andassumptionsaffectingreportedamountsofassets,liabilities,revenues,andex- penses.Signicant estimatesincludethefairvalueofbartertransactions,usefullivesofintan- gible assets, and expenseallocations.Actualresultscoulddifferfromtheseestimates. Risk and Uncertainties TheCompanyfacesrisksincludingmarketvolatility,creditriskfromcounterparties,andop- erationalrisksduetoitsleanstructure. Managementmonitorstheserisksandadjustsinternal controls to mitigatepotential impacts on cash ows andasset values. Going Concern ManagementhasevaluatedtheCompanysabilitytocontinueasagoingconcern.TheCompa- nys limitedcashreservesandrelianceonfutureliquidityeventsraisesubstantialdoubtaboutits abilitytocontinueas agoingconcern.Managementplansto achieveliquiditythroughapublic listing or other approvedevent,asdescribedin the Equity Crowdsourcingnote. 7
2. Summary of Signicant Accounting Policies Cash and Cash Equivalents Cash balances consist of funds in a business checking account, representing funds available for operations. Bank reconciliations are performed monthly to ensure accuracy. Accounts Receivable Accounts receivable are stated at net realizable value, with an allowance for doubtful accounts based on historical experience and managements assessment of customer creditworthiness. Right of Use Asset The Right of Use Asset reects the fair value of access to a promotional app, estimated at $10,000,000 in 2024, amortized over four years (2025: $2,500,000 amortization expense). This is offset by a corresponding Accounts Payable liability for contract payments, recorded as a barter transaction per ASC 845. Property and Equipment Property and equipment are recorded at cost and depreciated using the straight-line method. The net carrying amount is immaterial but disclosed for completeness. Revenue Recognition and Performance Obligations Revenue is recognized when control of goods or services transfers to customers: Barter Revenue : Recognized at fair market value per ASC 845 for Equity Crowdsourc- ing ($110M, 2025) and founder services ($50M, 2025), compliant with IRS Code 6045, non-taxable under IRC g1032. Services Revenue : Recognized over the period services are rendered, estimated at $20M (2024) and $30M (2025). Deferred Revenue Deferred revenue represents advance payments for services not yet delivered, recorded as a liability until performance obligations are met. Cost of Revenue Cost of revenue includes direct costs for services and barter transactions, recorded in the period revenue is recognized. Income Taxes Income tax expense uses the asset and liability method, with deferred tax assets and liabilities recognized for temporary differences. Barter transactions are non-taxable under IRC g1032 but reported per IRS Code 6045. 8
Outsourcing and Expense Structure The Company operates with minimal expenses by outsourcing payroll, using a virtual ofce ($3,600/year), virtual assistants ($12,000/year), and app/website maintenance ($24,000/year). No loans or leases are held, reducing nancial obligations. Subsequent Events No material events after December 31, 2025, require adjustment or disclosure. 9
3. Shareholder Equity Overview Shareholder equity represents the residual interest in assets after deducting liabilities. As of December 31, 2024, total equity is $160,515,000.00; for 2025, $160,764,000.00. This includes share capital, additional paid-in capital (APIC), retained earnings, and owner-related adjust- ments. Components of Shareholder Equity Share Capital : As of December 31, 2024 and 2025, 3,000,000 shares are issued, classied as Restricted under SEC Rule 144. On April 18, 2025, 1,100,000 shares were issued for $110M in barter consideration per ASC 845. Reconciliation Report : - Initial shares (2024): 1,900,000 shares - Additional issuances (2025): 1,100,000 shares - Total Restated Shares: 3,000,000 Supporting Documents : - Third-Party Valuation Report (dated March 1, 2024) - Corporate Resolution authorizing $100/share valuation Additional Paid-In Capital (APIC) : APIC is $160,000,000.00 (2024 and 2025), reecting $110M from Equity Crowdsourc- ing barter transaction (11,000 investors, 100 shares each at $100, April 18, 2025) and $50M from founders note barter transaction, non-taxable under IRC g1032. Opening Balance Equity : $0.00 (2024, pre-formation), $1,000,000.00 (2025). Owner's Investment : $1,000.00 (2024 and 2025). Retained Earnings : $0.00 (2024), $514,000.00 (2025). Net Income : $514,000.00 (2024), $-1,751,000.00 (2025, reecting amortization). Changes in Shareholder Equity 2024: Net income $514,000.00; no barter transactions recorded. 2025: Net loss $-1,751,000.00; $160M in barter transactions recorded on April 18, 2025, for 1,100,000 shares and founders note. Accounting Policies and Disclosures Measurement and Recognition : Equity transactions are recorded at fair value per GAAP. Use of Estimates : Estimates are used for share valuation and barter transactions. Internal Controls : Share register is reconciled periodically. 10
Disclosures :AllsharesareRestrictedunderSECRule144. 4.EquityCrowdsourcingProgramandDeferredGigWorkerEngagement AsofDecember31,2024,PositiveImageConsultingServicesInc.haslaunchedaninnovative equitycompensationprogramtitled"EquityCrowdsourcing,"designedtomobilizealarge base ofindependentgigworkersto completedenedmarketingandpromotional tasksinexchange forcommonstockviathepicsprapp. OnApril18,2025,11,000participantsenrolledintheprogram,eachreceivinganinitialis- suance of100sharesof commonstock(totaling $110,000,000at$100/share)inbarter consider- ation,compliantwithASC845andIRSCode6045,reectingtheircommitmenttoparticipate. Nosubstantivetask-basedworkhascommencedunderthisprogram.Theengagementofthese gigworkersisdeliberatelydeferreduntiltheCompanysequitybecomesliquidthroughpublic tradingoranapprovedliquidityevent.Thisdelayisstrategic,astheCompanybelievesimme- diatetradabilityorloanabilityofthestockwillserveasapowerfulincentivefortaskexecution andbroaderrecruitment. Theseequityissuancesarerecordedasprepaidstock-basedcompensation(PrepaidExpenses) andAdditionalPaid-InCapital,butremainunearnedandsubjecttotaskfulllment.TheCom- panyanticipatesthatfollowingasuccessfulpubliclisting,theEquityCrowdsourcingprogram willbefullyoperational,andgigworkerswillbeginexecuting theirassignedtasks,resultingin amortizationoftheprepaidequityoverthetaskperiod. 11
5.BarterTransactions Barter transactions are recorded at fairmarketvalueperASC845,compliantwithIRSCode 6045, and non-taxable under IRC g1032: EquityCrowdsourcing :$110M(April18, 2025)for11,000investorsservicesviathe picsprapp, recordedasPrepaidExpensesandAdditionalPaid-InCapital, asdescribedin theEquityCrowdsourcingprogram. FounderServices :$50M(2025)forafour-yearpromissorynote,recordedasNoteRe- ceivableand Additional Paid-InCapital. RightofUseContract :$10M(2024)for access toapromotional app,recordedas RightofUseAssetandAccountsPayable,amortizedoverfouryears(2025:$2,500,000 expense). No barter transactions occurred in 2024. Transactions are reconciled per internal controls and SEC rules for other consideration (17 CFR g 230.405). 6. Company Information Positive Image Consulting Services Inc. 6655 W Sahara A ve, Suite B113 Las V egas, NV 89032 702-499-4120 picsprrm@gmail.com EIN: - President: Ann Barlow Formation: March 15, 202 W ebsite: picspr.com App: picspr Auditing Firm Accountingexecs LLC 311 Elm Street Ste 270, Cincinnati, OH, USA Contact: Mary Williams, CPA maryanjoy26@gmail.com 12