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1. Nature of Business and Going Concern iWallet Corp (“the Company”) has been engaged in the design, development, manufacturing and sales of bio-metric locking wallets, which operate by scanning a user’s fingerprint to open the wallet. iWallet Corporation (“iWallet”) was incorporated on November 18, 2009 in the State of California and is located at 7394 Trade Street, San Diego, California 92121. On July 21, 2014 the Company merged with iWallet Acquisition Corporation (the “Acquisition Sub”) (“the Merger”), a subsidiary formed by Queensridge Mining Resources, Inc. (“Queensridge”) for purposes of the Merger, which resulted in the Company becoming a wholly-owned subsidiary of Queensridge. Immediately following the merger, the Acquisition Sub merged with and into Queensridge. Queensridge immediately changed its name to iWallet Corp and is continuing the business of iWallet as its only line of business. The Company began trading on July 21, 2014 on the OTCQB Exchange under the ticker symbol IWAL. The Company’s functional currency is the U.S. Dollar. The financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (‘U.S. GAAP’), which contemplates continuation of the Company as a going concern. As of December 31, 2025 and 2024 the Company had a deficit of $6,692,589 and $5,589,869, respectively, and had significant losses and negative cash flows from operations for the year ended December 31, 2025. There is no certainty that the Company will be successful in generating sufficient cash flow from operations or achieving and maintaining profitable operations in the near future to enable it to meet its obligations as they come due. As a result, there is substantial doubt regarding the Company’s ability to continue as a going concern. The future of the Company is dependent upon its ability to obtain financing and upon achieving profitable operations. Management has raised additional capital through private placement offerings and has plans to raise funds through public offering of its capital stock. While the Company has been successful in securing such financing in the past, there is no assurance that it will be able to do so in the future. Accordingly, these financial statements do not give effect to adjustments, relating to the recoverability and classification of recorded assets, or the amounts of and classifications of liabilities that might be necessary in the event the Company cannot continue in existence. These financial statements do not include any adjustments relating to the recoverability and classification of the recorded asset amounts or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

-6692589

-5589869

2. Significant Accounting Policies Estimates The preparation of financial statements in conformity with U.S. 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 of the financial statements and the reported amounts of revenue and expense during the reporting period. Actual results could differ from those estimates. Significant estimates include amounts for useful lives of patents, trademarks, software and website development costs (Note 4). Intangible assets Patents and trademarks are measured at cost. Legal fees associated with patents and trademarks, which are expected to be issued, are recorded as patents and trademarks on the balance sheets. Upon approval by the relevant patent office, the patents and trademarks are amortized over their respective expected lives. Patent and trademark costs associated with patents or trademarks which are not approved or are abandoned, are expensed in the period in which such patents are not approved. The Company expects to maintain patents for up to 20 years from the effective date and the trademark registrations for as long as the trademarks remain in use and the required filings are made to keep them in use. However, based on the Company’s assessment of potential innovation or other competing technological developments a useful life of ten years has been assessed for both the patents and the trademarks. Software consists of costs relating to the development of the software behind the biometric scanning and the other security programs involved in the wallets. Costs relating to the development of this software are capitalized and amortized over its estimated useful life of ten years. Website development costs relating to website and mobile application and software development are also capitalized and amortized over its estimated useful life of three years. Topic 350-20, Goodwill, and 350-30, General Intangibles Other than Goodwill, in the Accounting Standards Codification (“ASC”) requires intangible assets with a finite life be tested for impairment whenever events or circumstances indicate that the carrying amount of an asset (or asset group) may not be recoverable. An impairment loss would be recognized when the carrying amount of an asset exceeds the estimated discounted cash flow used in determining the fair value of the asset. Fair value of financial instruments ASC Topic 820 defines fair value, establishes a framework for measuring fair value, and expands disclosures about fair value measurements. Included in the ASC Topic 820 framework is a three level valuation inputs hierarchy with Level 1 being inputs and transactions that can be effectively fully observed by market participants spanning to Level 3 where estimates are unobservable by market participants outside of the Company and must be estimated using assumptions developed by the Company. The Company discloses the lowest level input significant to each category of asset or liability valued within the scope of ASC Topic 820 and the valuation method as exchange, income or use. The Company uses inputs which are as observable as possible and the methods most applicable to the specific situation of each company or valued item. The carrying amounts of cash, accounts payable, accrued liabilities, due to related party, and convertible debentures approximate fair value because of their short-term nature. Revenue recognition The Company plans to derive revenue primarily from the sale of its wallets. The Company also will derive an insignificant amount of revenue from providing engraving of the wallets. Engraving revenues will be recognized concurrent with the revenues for the related wallet. The Company also will earn revenue from consulting contracts with others desiring to operate in the smart wallet sector. Revenue is recognized in accordance with ASC 606. The Company performs the following five steps: (i) identify the contract(s) with a customer, (ii) identify the performance obligations in the contract, (iii) determine the transaction price, (iv) allocate the transaction price to the performance obligations in the contract, and (v) recognize revenue when (or as) the entity satisfies a performance obligation. The Company applies the five-step model to arrangements that meet the definition of a contract under ASC 606, Revenue from Contracts with Customers, including when it is probable that the entity will collect the consideration it is entitled to in exchange for the goods or services it transfers to the customer. At contract inception, once the contract is determined to be within the scope of ASC 606, the Company evaluates the goods or services promised within each contract related performance obligation and assesses whether each promised good or service is distinct. The Company recognizes as revenue, the amount of the transaction price that is allocated to the respective performance obligation when (or as) the performance obligation is satisfied. The Company earned $0 and $0 in consulting revenue during the years ended December 31, 2025 and 2024, respectively, along with cost of sales of $0 and $0, respectively, from outside services providing technology for our consulting services. Concentrations of credit risk The Company’s cash balances are maintained in bank accounts in the United States. Deposits held in banks in the United States are insured up to $250,000 per depositor for each bank by the Federal Deposit Insurance Corporation. Actual balances at times may exceed these limits. Loss per share of common stock Loss per common share (basic and diluted) is computed by dividing the net loss by the weighted average number of shares of common stock outstanding during the period. Common stock equivalents are excluded from the computation of diluted loss per share when their effect is anti-dilutive. Diluted loss per share and the weighted average number of shares of common stock exclude 14,096,892 and 12,990,824 potentially convertible debenture shares (Note 6) for the years ended December 31, 2025 and 2024, respectively, since their effect is anti-dilutive. Income taxes Income taxes are computed in accordance with the provisions of ASC 740, Income Taxes, which requires, among other things, a liability approach to calculating deferred income taxes. The Company recognizes deferred tax liabilities and assets for the expected future tax consequences of events that have been recognized in its financial statements or tax returns. Under this method, deferred tax liabilities and assets are determined based on the difference between the financial statement carrying amounts and tax bases of assets and liabilities using enacted tax rates in effect in the years in which the differences are expected to reverse. The Company is required to make certain estimates and judgments about the application of tax law, the expected resolution of uncertain tax positions and other matters. In the event that uncertain tax positions are resolved for amounts different than the Company’s estimates, or the related statutes of limitations expire without the assessment of additional income taxes, the Company will be required to adjust the amounts of the related assets and liabilities in the period in which such events occur. Such adjustments may have a material impact on the Company’s income tax provision and results of operations.

Estimates The preparation of financial statements in conformity with U.S. 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 of the financial statements and the reported amounts of revenue and expense during the reporting period. Actual results could differ from those estimates. Significant estimates include amounts for useful lives of patents, trademarks, software and website development costs (Note 4).

Intangible assets Patents and trademarks are measured at cost. Legal fees associated with patents and trademarks, which are expected to be issued, are recorded as patents and trademarks on the balance sheets. Upon approval by the relevant patent office, the patents and trademarks are amortized over their respective expected lives. Patent and trademark costs associated with patents or trademarks which are not approved or are abandoned, are expensed in the period in which such patents are not approved. The Company expects to maintain patents for up to 20 years from the effective date and the trademark registrations for as long as the trademarks remain in use and the required filings are made to keep them in use. However, based on the Company’s assessment of potential innovation or other competing technological developments a useful life of ten years has been assessed for both the patents and the trademarks. Software consists of costs relating to the development of the software behind the biometric scanning and the other security programs involved in the wallets. Costs relating to the development of this software are capitalized and amortized over its estimated useful life of ten years. Website development costs relating to website and mobile application and software development are also capitalized and amortized over its estimated useful life of three years. Topic 350-20, Goodwill, and 350-30, General Intangibles Other than Goodwill, in the Accounting Standards Codification (“ASC”) requires intangible assets with a finite life be tested for impairment whenever events or circumstances indicate that the carrying amount of an asset (or asset group) may not be recoverable. An impairment loss would be recognized when the carrying amount of an asset exceeds the estimated discounted cash flow used in determining the fair value of the asset.

Fair value of financial instruments ASC Topic 820 defines fair value, establishes a framework for measuring fair value, and expands disclosures about fair value measurements. Included in the ASC Topic 820 framework is a three level valuation inputs hierarchy with Level 1 being inputs and transactions that can be effectively fully observed by market participants spanning to Level 3 where estimates are unobservable by market participants outside of the Company and must be estimated using assumptions developed by the Company. The Company discloses the lowest level input significant to each category of asset or liability valued within the scope of ASC Topic 820 and the valuation method as exchange, income or use. The Company uses inputs which are as observable as possible and the methods most applicable to the specific situation of each company or valued item. The carrying amounts of cash, accounts payable, accrued liabilities, due to related party, and convertible debentures approximate fair value because of their short-term nature.

Revenue recognition The Company plans to derive revenue primarily from the sale of its wallets. The Company also will derive an insignificant amount of revenue from providing engraving of the wallets. Engraving revenues will be recognized concurrent with the revenues for the related wallet. The Company also will earn revenue from consulting contracts with others desiring to operate in the smart wallet sector. Revenue is recognized in accordance with ASC 606. The Company performs the following five steps: (i) identify the contract(s) with a customer, (ii) identify the performance obligations in the contract, (iii) determine the transaction price, (iv) allocate the transaction price to the performance obligations in the contract, and (v) recognize revenue when (or as) the entity satisfies a performance obligation. The Company applies the five-step model to arrangements that meet the definition of a contract under ASC 606, Revenue from Contracts with Customers, including when it is probable that the entity will collect the consideration it is entitled to in exchange for the goods or services it transfers to the customer. At contract inception, once the contract is determined to be within the scope of ASC 606, the Company evaluates the goods or services promised within each contract related performance obligation and assesses whether each promised good or service is distinct. The Company recognizes as revenue, the amount of the transaction price that is allocated to the respective performance obligation when (or as) the performance obligation is satisfied. The Company earned $0 and $0 in consulting revenue during the years ended December 31, 2025 and 2024, respectively, along with cost of sales of $0 and $0, respectively, from outside services providing technology for our consulting services.

Concentrations of credit risk The Company’s cash balances are maintained in bank accounts in the United States. Deposits held in banks in the United States are insured up to $250,000 per depositor for each bank by the Federal Deposit Insurance Corporation. Actual balances at times may exceed these limits.

250000

Loss per share of common stock Loss per common share (basic and diluted) is computed by dividing the net loss by the weighted average number of shares of common stock outstanding during the period. Common stock equivalents are excluded from the computation of diluted loss per share when their effect is anti-dilutive. Diluted loss per share and the weighted average number of shares of common stock exclude 14,096,892 and 12,990,824 potentially convertible debenture shares (Note 6) for the years ended December 31, 2025 and 2024, respectively, since their effect is anti-dilutive.

14096892

12990824

Income taxes Income taxes are computed in accordance with the provisions of ASC 740, Income Taxes, which requires, among other things, a liability approach to calculating deferred income taxes. The Company recognizes deferred tax liabilities and assets for the expected future tax consequences of events that have been recognized in its financial statements or tax returns. Under this method, deferred tax liabilities and assets are determined based on the difference between the financial statement carrying amounts and tax bases of assets and liabilities using enacted tax rates in effect in the years in which the differences are expected to reverse. The Company is required to make certain estimates and judgments about the application of tax law, the expected resolution of uncertain tax positions and other matters. In the event that uncertain tax positions are resolved for amounts different than the Company’s estimates, or the related statutes of limitations expire without the assessment of additional income taxes, the Company will be required to adjust the amounts of the related assets and liabilities in the period in which such events occur. Such adjustments may have a material impact on the Company’s income tax provision and results of operations.

3. Recently Issued Accounting Standards and Recently Adopted Accounting Pronouncement Management does not believe that any recently issued, but not yet effective accounting pronouncements, if adopted, would have a material effect on the accompanying financial statements.

4. Intangible Assets <table style="margin:0 auto;border-collapse:collapse;width:84.76%"><tr><td style="width:135pt" valign="middle"> </td><td colspan="8" style="width:270.85pt;border-bottom:0.5pt solid #000000" valign="bottom">December 31, 2025 and 2024 </td></tr> <tr><td style="width:135pt" valign="middle"> </td><td colspan="2" style="width:77.15pt;border-bottom:0.5pt solid #000000" valign="bottom">Cost </td><td style="width:14.2pt" valign="bottom"> </td><td colspan="2" style="width:87.7pt;border-bottom:0.5pt solid #000000" valign="bottom">Accumulated Amortization </td><td style="width:14.2pt" valign="bottom"> </td><td colspan="2" style="width:77.6pt;border-bottom:0.5pt solid #000000" valign="bottom">Net Book Value </td></tr> <tr><td style="background-color:#DBE5F1;width:135pt" valign="middle">Patents </td><td style="background-color:#DBE5F1;width:19pt;border-top:0.5pt solid #000000" valign="bottom">$ </td><td style="background-color:#DBE5F1;width:58.15pt;border-top:0.5pt solid #000000" valign="bottom">78,619 </td><td style="background-color:#DBE5F1;width:14.2pt" valign="bottom"> </td><td style="background-color:#DBE5F1;width:24.95pt" valign="bottom">$ </td><td style="background-color:#DBE5F1;width:62.75pt" valign="bottom">78,619 </td><td style="background-color:#DBE5F1;width:14.2pt" valign="bottom"> </td><td style="background-color:#DBE5F1;width:20.8pt" valign="bottom">$ </td><td style="background-color:#DBE5F1;width:56.8pt" valign="bottom">- </td></tr> <tr><td style="width:135pt" valign="middle">Trademarks </td><td style="width:19pt" valign="bottom"> </td><td style="width:58.15pt" valign="bottom">16,909 </td><td style="width:14.2pt" valign="bottom"> </td><td style="width:24.95pt" valign="bottom"> </td><td style="width:62.75pt" valign="bottom">16,909 </td><td style="width:14.2pt" valign="bottom"> </td><td style="width:20.8pt" valign="bottom"> </td><td style="width:56.8pt" valign="bottom">- </td></tr> <tr><td style="background-color:#DBE5F1;width:135pt" valign="middle">Software </td><td style="background-color:#DBE5F1;width:19pt" valign="bottom"> </td><td style="background-color:#DBE5F1;width:58.15pt" valign="bottom">51,680 </td><td style="background-color:#DBE5F1;width:14.2pt" valign="bottom"> </td><td style="background-color:#DBE5F1;width:24.95pt" valign="bottom"> </td><td style="background-color:#DBE5F1;width:62.75pt" valign="bottom">51,680 </td><td style="background-color:#DBE5F1;width:14.2pt" valign="bottom"> </td><td style="background-color:#DBE5F1;width:20.8pt" valign="bottom"> </td><td style="background-color:#DBE5F1;width:56.8pt" valign="bottom">- </td></tr> <tr><td style="width:135pt" valign="middle">Website Development </td><td style="width:19pt" valign="bottom"> </td><td style="width:58.15pt" valign="bottom">16,000 </td><td style="width:14.2pt" valign="bottom"> </td><td style="width:24.95pt" valign="bottom"> </td><td style="width:62.75pt" valign="bottom">16,000 </td><td style="width:14.2pt" valign="bottom"> </td><td style="width:20.8pt" valign="bottom"> </td><td style="width:56.8pt" valign="bottom">- </td></tr> <tr><td style="background-color:#DBE5F1;width:135pt" valign="middle"> </td><td style="background-color:#DBE5F1;width:19pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom">$ </td><td style="background-color:#DBE5F1;width:58.15pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom">163,208 </td><td style="background-color:#DBE5F1;width:14.2pt" valign="bottom"> </td><td style="background-color:#DBE5F1;width:24.95pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom">$ </td><td style="background-color:#DBE5F1;width:62.75pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom">163,208 </td><td style="background-color:#DBE5F1;width:14.2pt" valign="bottom"> </td><td style="background-color:#DBE5F1;width:20.8pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom">$ </td><td style="background-color:#DBE5F1;width:56.8pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom">- </td></tr> </table> Amortization for the years ended December 31, 2025 and 2024 was $0 and $0 respectively.

<table style="margin:0 auto;border-collapse:collapse;width:84.76%"><tr><td style="width:135pt" valign="middle"> </td><td colspan="8" style="width:270.85pt;border-bottom:0.5pt solid #000000" valign="bottom">December 31, 2025 and 2024 </td></tr> <tr><td style="width:135pt" valign="middle"> </td><td colspan="2" style="width:77.15pt;border-bottom:0.5pt solid #000000" valign="bottom">Cost </td><td style="width:14.2pt" valign="bottom"> </td><td colspan="2" style="width:87.7pt;border-bottom:0.5pt solid #000000" valign="bottom">Accumulated Amortization </td><td style="width:14.2pt" valign="bottom"> </td><td colspan="2" style="width:77.6pt;border-bottom:0.5pt solid #000000" valign="bottom">Net Book Value </td></tr> <tr><td style="background-color:#DBE5F1;width:135pt" valign="middle">Patents </td><td style="background-color:#DBE5F1;width:19pt;border-top:0.5pt solid #000000" valign="bottom">$ </td><td style="background-color:#DBE5F1;width:58.15pt;border-top:0.5pt solid #000000" valign="bottom">78,619 </td><td style="background-color:#DBE5F1;width:14.2pt" valign="bottom"> </td><td style="background-color:#DBE5F1;width:24.95pt" valign="bottom">$ </td><td style="background-color:#DBE5F1;width:62.75pt" valign="bottom">78,619 </td><td style="background-color:#DBE5F1;width:14.2pt" valign="bottom"> </td><td style="background-color:#DBE5F1;width:20.8pt" valign="bottom">$ </td><td style="background-color:#DBE5F1;width:56.8pt" valign="bottom">- </td></tr> <tr><td style="width:135pt" valign="middle">Trademarks </td><td style="width:19pt" valign="bottom"> </td><td style="width:58.15pt" valign="bottom">16,909 </td><td style="width:14.2pt" valign="bottom"> </td><td style="width:24.95pt" valign="bottom"> </td><td style="width:62.75pt" valign="bottom">16,909 </td><td style="width:14.2pt" valign="bottom"> </td><td style="width:20.8pt" valign="bottom"> </td><td style="width:56.8pt" valign="bottom">- </td></tr> <tr><td style="background-color:#DBE5F1;width:135pt" valign="middle">Software </td><td style="background-color:#DBE5F1;width:19pt" valign="bottom"> </td><td style="background-color:#DBE5F1;width:58.15pt" valign="bottom">51,680 </td><td style="background-color:#DBE5F1;width:14.2pt" valign="bottom"> </td><td style="background-color:#DBE5F1;width:24.95pt" valign="bottom"> </td><td style="background-color:#DBE5F1;width:62.75pt" valign="bottom">51,680 </td><td style="background-color:#DBE5F1;width:14.2pt" valign="bottom"> </td><td style="background-color:#DBE5F1;width:20.8pt" valign="bottom"> </td><td style="background-color:#DBE5F1;width:56.8pt" valign="bottom">- </td></tr> <tr><td style="width:135pt" valign="middle">Website Development </td><td style="width:19pt" valign="bottom"> </td><td style="width:58.15pt" valign="bottom">16,000 </td><td style="width:14.2pt" valign="bottom"> </td><td style="width:24.95pt" valign="bottom"> </td><td style="width:62.75pt" valign="bottom">16,000 </td><td style="width:14.2pt" valign="bottom"> </td><td style="width:20.8pt" valign="bottom"> </td><td style="width:56.8pt" valign="bottom">- </td></tr> <tr><td style="background-color:#DBE5F1;width:135pt" valign="middle"> </td><td style="background-color:#DBE5F1;width:19pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom">$ </td><td style="background-color:#DBE5F1;width:58.15pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom">163,208 </td><td style="background-color:#DBE5F1;width:14.2pt" valign="bottom"> </td><td style="background-color:#DBE5F1;width:24.95pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom">$ </td><td style="background-color:#DBE5F1;width:62.75pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom">163,208 </td><td style="background-color:#DBE5F1;width:14.2pt" valign="bottom"> </td><td style="background-color:#DBE5F1;width:20.8pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom">$ </td><td style="background-color:#DBE5F1;width:56.8pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom">- </td></tr> </table>

78619

16909

51680

16000

163208

5. Related Party Transactions and Balances <table style="margin:0 auto;border-collapse:collapse;width:75%"><tr><td valign="bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #000000" valign="bottom">December 31, 2025 </td><td valign="bottom"> </td><td colspan="2" style="border-bottom:0.5pt solid #000000" valign="bottom">December 31, 2024 </td></tr> <tr><td valign="top">Current Liabilities </td><td valign="bottom"> </td><td valign="bottom"> </td><td valign="bottom"> </td><td valign="bottom"> </td><td valign="bottom"> </td></tr> <tr><td style="background-color:#DBE5F1" valign="top">Due to Related Party </td><td style="background-color:#DBE5F1;border-bottom:3px double #000000" valign="bottom">$ </td><td style="background-color:#DBE5F1;border-bottom:3px double #000000" valign="bottom">14,406 </td><td style="background-color:#DBE5F1" valign="bottom"> </td><td style="background-color:#DBE5F1;border-bottom:3px double #000000" valign="bottom">$ </td><td style="background-color:#DBE5F1;border-bottom:3px double #000000" valign="bottom">14,282 </td></tr> </table> During the years ended December 31, 2025 and 2024, $124 and $1,928, respectively, in expenses were paid directly by a related party. The above balances are non-interest bearing, unsecured and due on demand. The related party is affiliated by virtue of common ownership.

<table style="margin:0 auto;border-collapse:collapse;width:75%"><tr><td valign="bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #000000" valign="bottom">December 31, 2025 </td><td valign="bottom"> </td><td colspan="2" style="border-bottom:0.5pt solid #000000" valign="bottom">December 31, 2024 </td></tr> <tr><td valign="top">Current Liabilities </td><td valign="bottom"> </td><td valign="bottom"> </td><td valign="bottom"> </td><td valign="bottom"> </td><td valign="bottom"> </td></tr> <tr><td style="background-color:#DBE5F1" valign="top">Due to Related Party </td><td style="background-color:#DBE5F1;border-bottom:3px double #000000" valign="bottom">$ </td><td style="background-color:#DBE5F1;border-bottom:3px double #000000" valign="bottom">14,406 </td><td style="background-color:#DBE5F1" valign="bottom"> </td><td style="background-color:#DBE5F1;border-bottom:3px double #000000" valign="bottom">$ </td><td style="background-color:#DBE5F1;border-bottom:3px double #000000" valign="bottom">14,282 </td></tr> </table>

124

1928

6. Convertible Debentures In fiscal 2015, the Company issued two tranches, one in April and one in September, of secured convertible debentures with identical terms and maturity dates (together, “the Debentures”) for gross proceeds of $492,500. The Company incurred $39,400 in broker’s commissions resulting in net proceeds of $453,100. The Debentures bear interest at a rate of 8% per annum, with interest payments due semi-annually. The Debentures matured on April 30, 2017, and are currently in default. The debentures became immediately due and payable in default at the request of the note holders. However, the note holders have not made any request for immediate payment. There are no additional terms in the event of default. The Debentures are convertible at any time, in whole, to shares of common stock at a conversion price of $0.15 per share. On July 7, 2023, the Company negotiated settlement of six of its noteholders in exchange for preferred shares of the Company’s stock. In accordance with the agreement, there was 7,644,000 shares of preferred shares issued for settlement of $252,500 principal and $209,992 in accrued interest. At December 31, 2025 and 2024, the principal balance on these notes was $240,000 and $240,000 and accrued interest was $316,119 and $273,209, respectively. The conversion feature was determined to be an embedded derivative; however, since the instrument is a conventional convertible debenture the conversion feature was not bifurcated. Additionally, the conversion feature was determined not to be beneficial in both tranches as the fair value of the Company’s share price at the date of issuance was less than the conversion price. Accordingly, no proceeds were allocated to the value of the conversion feature on initial recognition. On August 13, 2018, the Company entered into a secured convertible debenture agreement (the “convertible debenture”) with a service provider amounting to $12,000. The convertible debenture bears interest at 10% per annum calculated monthly and payable on maturity and had a maturity date of August 13, 2021. The debentures became immediately due and payable in default at the request of the note holders. However, the note holders have not made any request for immediate payment. There are no additional terms in the event of default. The conversion price is $0.06 per share. At December 31, 2025 and 2024, the accrued interest was $8,867 and $7,667, respectively. On August 10, 2023, the Company entered into a secured convertible debenture agreement (the “convertible debenture”) with a service provider amounting to $10,000. The convertible debenture bears interest at 10% per annum calculated monthly and payable on maturity and had a maturity date of August 10, 2024. The conversion price is $0.001 per share. At December 31, 2025 and 2024, the accrued interest was $2,042 and $1,242, respectively.

492500

39400

453100

0.08

0.15

7644000

252500

209992

240000

316119

273209

12000

0.10

0.06

8867

7667

10000

0.10

0.001

2042

1242

7. Common Share Capital The Company is authorized to issue 150,000,000 shares of Common Stock with a par value of $0.001 and had 106,419,419 and 77,819,419 shares of Common Stock issued and outstanding as of December 31, 2025 and 2024, respectively. On May 24, 2023, the Company issued 20,000,000 shares of Common Stock to its CEO for services rendered to the Company. The stock price was $0.01 for a total value of $200,000 and the Company recognized an expense of $200,000. On March 20, 2024, the Company issued 2,000,000 shares of common stock for the conversion of $2,000 of the principal balance of a convertible note. The 2,000,000 shares of common stock were valued at $0.15 per share for a value of $2,000. On March 22, 2024, the Company sold 1,000,000 shares of common stock for $5,000 in cash. On August 27, 2024, the Company sold 2,000,000 shares of common stock for $10,000 in cash. On April 21, 2025, the Company issued 5,000,000 shares of common stock for the conversion of $20,000 of the principal balance of a convertible note and accrued interest of $553. These shares were valued at $0.034 per share for a total value of $170,000. The Company recognized a loss on extinguishment of debt of $144,447. On July 11, 2025, the Company issued 1,600,000 shares of common stock for the conversion of $23,858 of accounts payable for a vendor. These shares were valued at $0.0299 per share for a total value of $47,840. The Company recognized a loss on extinguishment of debt of $23,982. On August 4, 2025, the Company issued 2,000,000 shares of common stock for the conversion of $90,200 of accounts payable for a vendor. These shares were valued at $0.0287 per share for a total value of $57,400. The Company recognized a gain on extinguishment of debt of $32,820. On October 8, 2025, the Company issued 20,000,000 shares of Common Stock to its CEO for services rendered to the Company. The stock price was $0.03 for a total value of $600,000 and the Company recognized an expense of $600,000.

150000000

0.001

106419419

77819419

20000000

0.01

200000

2000000

2000

1000000

5000

2000000

10000

5000000

20000

553

0.034

170000

-144447

1600000

0.0299

47840

-23982

2000000

0.0287

57400

-32820

20000000

0.03

600000

8. Preferred Share Capital The Company is authorized to issue 20,000,000 shares of Preferred Stock with a par value of $0.001. The Company designated 14,000,000 shares of Series A Preferred Stock, which has no voting rights and converts to common at a 1:1 ratio and has a “Leak Out Provision” that limits the shareholder from selling more than 12.5% of their shares per quarter. As of December 31, 2025, the Company had 7,644,000 outstanding shares of series A preferred stock which were owned by 6 shareholders of record. On July 7, 2023, the Company issued 7,644,000 shares of Series A Preferred Stock to six noteholders as settlement of their convertible notes of $252,500 and accrued interest of $209,992. The Company designated 1,000,000 shares of Series B Preferred Stock, which has voting rights that equal two times the number of votes of all other classes of outstanding voting stock and is not convertible. As of December 31, 2025, the Company had 1,000,000 outstanding shares of series B preferred stock which were owned by 1 shareholder of record. On October 16, 2024, the Company issued 1,000,000 shares of Series B Preferred Stock to its sole officer and director of the Company for services rendered for a value of $16,971.

20000000

0.001

14000000

no voting rights and converts to common at a 1:1 ratio and has a “Leak Out Provision” that limits the shareholder from selling more than 12.5% of their shares per quarter

7644000

252500

209992

1000000

has voting rights that equal two times the number of votes of all other classes of outstanding voting stock and is not convertible

1000000

16971

9. Income Taxes Components of loss before income taxes consists of the following: <table style="margin:0 auto;border-collapse:collapse;width:75%"><tr><td style="width:147.9pt" valign="bottom"> </td><td colspan="5" style="width:211.2pt;border-bottom:0.5pt solid #000000" valign="bottom">December 31, </td></tr> <tr><td style="width:147.9pt" valign="bottom"> </td><td colspan="2" style="width:99pt;border-bottom:0.5pt solid #000000" valign="bottom">2025 </td><td style="width:18pt" valign="bottom"> </td><td colspan="2" style="width:94.2pt;border-bottom:0.5pt solid #000000" valign="bottom">2024 </td></tr> <tr><td style="background-color:#DBE5F1;width:147.9pt" valign="top">U.S. </td><td style="background-color:#DBE5F1;width:18pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom">$ </td><td style="background-color:#DBE5F1;width:81pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom">(1,102,720) </td><td style="background-color:#DBE5F1;width:18pt" valign="bottom"> </td><td style="background-color:#DBE5F1;width:20.4pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom">$ </td><td style="background-color:#DBE5F1;width:73.8pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom">(108,061) </td></tr> </table> The provision (recovery) for income taxes consists of the following: <table style="margin:0 auto;border-collapse:collapse;width:75%"><tr><td valign="bottom"> </td><td colspan="5" style="width:58.74%;border-bottom:0.5pt solid #000000" valign="bottom">December 31, </td></tr> <tr><td valign="bottom"> </td><td colspan="2" style="border-bottom:0.5pt solid #000000" valign="bottom">2025 </td><td style="width:5.24%" valign="bottom"> </td><td colspan="2" style="width:26.24%;border-bottom:0.5pt solid #000000" valign="bottom">2024 </td></tr> <tr><td style="background-color:#DBE5F1" valign="top">Current </td><td style="background-color:#DBE5F1;width:4.94%;border-top:0.5pt solid #000000" valign="bottom"> </td><td style="background-color:#DBE5F1;width:22.32%;border-top:0.5pt solid #000000" valign="bottom"> </td><td style="background-color:#DBE5F1;width:5.24%" valign="bottom"> </td><td style="background-color:#DBE5F1;width:6.26%;border-top:0.5pt solid #000000" valign="bottom"> </td><td style="background-color:#DBE5F1;width:19.98%;border-top:0.5pt solid #000000" valign="bottom"> </td></tr> <tr><td valign="top">Federal </td><td style="width:4.94%" valign="bottom">$ </td><td style="width:22.32%" valign="bottom">- </td><td style="width:5.24%" valign="bottom"> </td><td style="width:6.26%" valign="bottom">$ </td><td style="width:19.98%" valign="bottom">- </td></tr> <tr><td style="background-color:#DBE5F1" valign="top">State </td><td style="background-color:#DBE5F1;width:4.94%" valign="bottom"> </td><td style="background-color:#DBE5F1;width:22.32%" valign="bottom">- </td><td style="background-color:#DBE5F1;width:5.24%" valign="bottom"> </td><td style="background-color:#DBE5F1;width:6.26%" valign="bottom"> </td><td style="background-color:#DBE5F1;width:19.98%" valign="bottom">- </td></tr> <tr><td valign="top"> </td><td style="width:4.94%;border-top:0.5pt solid #000000" valign="bottom"> </td><td style="width:22.32%;border-top:0.5pt solid #000000" valign="bottom">- </td><td style="width:5.24%" valign="bottom"> </td><td style="width:6.26%;border-top:0.5pt solid #000000" valign="bottom"> </td><td style="width:19.98%;border-top:0.5pt solid #000000" valign="bottom">- </td></tr> <tr><td style="background-color:#DBE5F1" valign="top">Deferred </td><td style="background-color:#DBE5F1;width:4.94%;border-bottom:3px double #000000" valign="bottom">$ </td><td style="background-color:#DBE5F1;width:22.32%;border-bottom:3px double #000000" valign="bottom">- </td><td style="background-color:#DBE5F1;width:5.24%" valign="bottom"> </td><td style="background-color:#DBE5F1;width:6.26%;border-bottom:3px double #000000" valign="bottom">$ </td><td style="background-color:#DBE5F1;width:19.98%;border-bottom:3px double #000000" valign="bottom">- </td></tr> </table> The reconciliation of the provision (recovery) for income taxes based on the combined U.S. statutory federal and state tax rate of 26.75% (Federal - 21%; State - 5.75%, net of Federal benefit) to the effective tax rates: <table style="margin:0 auto;border-collapse:collapse;width:75%"><tr><td valign="bottom"> </td><td colspan="5" style="border-bottom:0.5pt solid #000000" valign="bottom">December 31, </td></tr> <tr><td valign="bottom"> </td><td colspan="2" style="border-bottom:0.5pt solid #000000" valign="bottom">2025 </td><td valign="bottom"> </td><td colspan="2" style="border-bottom:0.5pt solid #000000" valign="bottom">2024 </td></tr> <tr><td style="background-color:#DBE5F1" valign="top">Net loss before recovery of income taxes </td><td style="background-color:#DBE5F1;border-top:0.5pt solid #000000" valign="bottom">$ </td><td style="background-color:#DBE5F1;border-top:0.5pt solid #000000" valign="bottom">(1,102,720) </td><td style="background-color:#DBE5F1" valign="bottom"> </td><td style="background-color:#DBE5F1;border-top:0.5pt solid #000000" valign="bottom">$ </td><td style="background-color:#DBE5F1;border-top:0.5pt solid #000000" valign="bottom">(108,091) </td></tr> <tr><td valign="top">Statutory rate </td><td valign="bottom"> </td><td valign="bottom">26.75% </td><td valign="bottom"> </td><td valign="bottom"> </td><td valign="bottom">26.75% </td></tr> <tr><td style="background-color:#DBE5F1" valign="top">Expected income tax recovery </td><td style="background-color:#DBE5F1;border-top:0.5pt solid #000000" valign="bottom">$ </td><td style="background-color:#DBE5F1;border-top:0.5pt solid #000000" valign="bottom">(294,978) </td><td style="background-color:#DBE5F1" valign="bottom"> </td><td style="background-color:#DBE5F1;border-top:0.5pt solid #000000" valign="bottom">$ </td><td style="background-color:#DBE5F1;border-top:0.5pt solid #000000" valign="bottom">(28,914) </td></tr> <tr><td valign="top">Change in valuation allowance </td><td valign="bottom"> </td><td valign="bottom">294,978 </td><td valign="bottom"> </td><td valign="bottom"> </td><td valign="bottom">28,914 </td></tr> <tr><td style="background-color:#DBE5F1" valign="top">Recovery of income taxes </td><td style="background-color:#DBE5F1;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom">$ </td><td style="background-color:#DBE5F1;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom">- </td><td style="background-color:#DBE5F1" valign="bottom"> </td><td style="background-color:#DBE5F1;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom">$ </td><td style="background-color:#DBE5F1;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom">- </td></tr> </table> The components of deferred taxes are as follows: <table style="margin:0 auto;border-collapse:collapse;width:75%"><tr><td valign="bottom"> </td><td colspan="5" style="border-bottom:0.5pt solid #000000" valign="bottom">December 31, </td></tr> <tr><td valign="bottom"> </td><td colspan="2" style="border-bottom:0.5pt solid #000000" valign="bottom">2025 </td><td valign="bottom"> </td><td colspan="2" style="border-bottom:0.5pt solid #000000" valign="bottom">2024 </td></tr> <tr><td style="background-color:#DBE5F1" valign="top">Deferred tax assets </td><td style="background-color:#DBE5F1;border-top:0.5pt solid #000000" valign="bottom"> </td><td style="background-color:#DBE5F1;border-top:0.5pt solid #000000" valign="bottom"> </td><td style="background-color:#DBE5F1" valign="bottom"> </td><td style="background-color:#DBE5F1;border-top:0.5pt solid #000000" valign="bottom"> </td><td style="background-color:#DBE5F1;border-top:0.5pt solid #000000" valign="bottom"> </td></tr> <tr><td valign="top">Net operating losses </td><td valign="bottom">$ </td><td valign="bottom">1,790,267 </td><td valign="bottom"> </td><td valign="bottom">$ </td><td valign="bottom">1,495,289 </td></tr> <tr><td style="background-color:#DBE5F1" valign="top">Valuation allowance </td><td style="background-color:#DBE5F1" valign="bottom"> </td><td style="background-color:#DBE5F1" valign="bottom">(1,790,267) </td><td style="background-color:#DBE5F1" valign="bottom"> </td><td style="background-color:#DBE5F1" valign="bottom"> </td><td style="background-color:#DBE5F1" valign="bottom">(1,495,289) </td></tr> <tr><td valign="top"> </td><td style="border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom">$ </td><td style="border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom">- </td><td valign="bottom"> </td><td style="border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom">$ </td><td style="border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom">- </td></tr> </table> The Company has non-capital income tax losses that will begin to expire in 2033 through 2043. The Company calculates its income tax expense by estimating the annual effective tax rate and applying that rate to the year-to-date ordinary income at the end of the period. The Company records a tax valuation allowance when it is more likely than not that it will not be able to recover the value of its deferred tax assets. As of December 31, 2025 and 2024, the Company calculated its estimated annualized effective tax rate at 0% and 0%, respectively. The Company recognized no income tax expense based on its $1,102,720 pre-tax loss for the year ended December 31, 2025. The Company recognized no income tax expense based on its $108,091 pre-tax loss for the year ended December 31, 2024. The Company recognizes the financial statement benefit of a tax position only after determining that the relevant tax authority would more likely than not sustain the position following an audit. For tax positions meeting the more-likely-than-not threshold, the amount recognized in the financial statements is the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the relevant tax authority. The Company recognizes interest accrued on uncertain tax positions as well as interest received from favorable tax settlements within interest expense. The Company recognizes penalties accrued on unrecognized tax benefits within general and administrative expenses. As of December 31, 2025 and 2024, the Company had no uncertain tax positions. The Company does not anticipate any significant changes to the total amounts of unrecognized tax benefits in the next twelve months. In many cases the Company’s uncertain tax positions are related to tax years that remain subject to examination by tax authorities. The following describes the open tax years, by major tax jurisdiction, as of December 31, 2025: <kbd style="position:absolute;font:10pt Times New Roman;margin-left:-72pt">Federal</kbd>2020 - present <kbd style="position:absolute;font:10pt Times New Roman;margin-left:-72pt">State</kbd>2020 - present

<table style="margin:0 auto;border-collapse:collapse;width:75%"><tr><td style="width:147.9pt" valign="bottom"> </td><td colspan="5" style="width:211.2pt;border-bottom:0.5pt solid #000000" valign="bottom">December 31, </td></tr> <tr><td style="width:147.9pt" valign="bottom"> </td><td colspan="2" style="width:99pt;border-bottom:0.5pt solid #000000" valign="bottom">2025 </td><td style="width:18pt" valign="bottom"> </td><td colspan="2" style="width:94.2pt;border-bottom:0.5pt solid #000000" valign="bottom">2024 </td></tr> <tr><td style="background-color:#DBE5F1;width:147.9pt" valign="top">U.S. </td><td style="background-color:#DBE5F1;width:18pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom">$ </td><td style="background-color:#DBE5F1;width:81pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom">(1,102,720) </td><td style="background-color:#DBE5F1;width:18pt" valign="bottom"> </td><td style="background-color:#DBE5F1;width:20.4pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom">$ </td><td style="background-color:#DBE5F1;width:73.8pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom">(108,061) </td></tr> </table>

1102720

108061

<table style="margin:0 auto;border-collapse:collapse;width:75%"><tr><td valign="bottom"> </td><td colspan="5" style="width:58.74%;border-bottom:0.5pt solid #000000" valign="bottom">December 31, </td></tr> <tr><td valign="bottom"> </td><td colspan="2" style="border-bottom:0.5pt solid #000000" valign="bottom">2025 </td><td style="width:5.24%" valign="bottom"> </td><td colspan="2" style="width:26.24%;border-bottom:0.5pt solid #000000" valign="bottom">2024 </td></tr> <tr><td style="background-color:#DBE5F1" valign="top">Current </td><td style="background-color:#DBE5F1;width:4.94%;border-top:0.5pt solid #000000" valign="bottom"> </td><td style="background-color:#DBE5F1;width:22.32%;border-top:0.5pt solid #000000" valign="bottom"> </td><td style="background-color:#DBE5F1;width:5.24%" valign="bottom"> </td><td style="background-color:#DBE5F1;width:6.26%;border-top:0.5pt solid #000000" valign="bottom"> </td><td style="background-color:#DBE5F1;width:19.98%;border-top:0.5pt solid #000000" valign="bottom"> </td></tr> <tr><td valign="top">Federal </td><td style="width:4.94%" valign="bottom">$ </td><td style="width:22.32%" valign="bottom">- </td><td style="width:5.24%" valign="bottom"> </td><td style="width:6.26%" valign="bottom">$ </td><td style="width:19.98%" valign="bottom">- </td></tr> <tr><td style="background-color:#DBE5F1" valign="top">State </td><td style="background-color:#DBE5F1;width:4.94%" valign="bottom"> </td><td style="background-color:#DBE5F1;width:22.32%" valign="bottom">- </td><td style="background-color:#DBE5F1;width:5.24%" valign="bottom"> </td><td style="background-color:#DBE5F1;width:6.26%" valign="bottom"> </td><td style="background-color:#DBE5F1;width:19.98%" valign="bottom">- </td></tr> <tr><td valign="top"> </td><td style="width:4.94%;border-top:0.5pt solid #000000" valign="bottom"> </td><td style="width:22.32%;border-top:0.5pt solid #000000" valign="bottom">- </td><td style="width:5.24%" valign="bottom"> </td><td style="width:6.26%;border-top:0.5pt solid #000000" valign="bottom"> </td><td style="width:19.98%;border-top:0.5pt solid #000000" valign="bottom">- </td></tr> <tr><td style="background-color:#DBE5F1" valign="top">Deferred </td><td style="background-color:#DBE5F1;width:4.94%;border-bottom:3px double #000000" valign="bottom">$ </td><td style="background-color:#DBE5F1;width:22.32%;border-bottom:3px double #000000" valign="bottom">- </td><td style="background-color:#DBE5F1;width:5.24%" valign="bottom"> </td><td style="background-color:#DBE5F1;width:6.26%;border-bottom:3px double #000000" valign="bottom">$ </td><td style="background-color:#DBE5F1;width:19.98%;border-bottom:3px double #000000" valign="bottom">- </td></tr> </table>

<table style="margin:0 auto;border-collapse:collapse;width:75%"><tr><td valign="bottom"> </td><td colspan="5" style="border-bottom:0.5pt solid #000000" valign="bottom">December 31, </td></tr> <tr><td valign="bottom"> </td><td colspan="2" style="border-bottom:0.5pt solid #000000" valign="bottom">2025 </td><td valign="bottom"> </td><td colspan="2" style="border-bottom:0.5pt solid #000000" valign="bottom">2024 </td></tr> <tr><td style="background-color:#DBE5F1" valign="top">Net loss before recovery of income taxes </td><td style="background-color:#DBE5F1;border-top:0.5pt solid #000000" valign="bottom">$ </td><td style="background-color:#DBE5F1;border-top:0.5pt solid #000000" valign="bottom">(1,102,720) </td><td style="background-color:#DBE5F1" valign="bottom"> </td><td style="background-color:#DBE5F1;border-top:0.5pt solid #000000" valign="bottom">$ </td><td style="background-color:#DBE5F1;border-top:0.5pt solid #000000" valign="bottom">(108,091) </td></tr> <tr><td valign="top">Statutory rate </td><td valign="bottom"> </td><td valign="bottom">26.75% </td><td valign="bottom"> </td><td valign="bottom"> </td><td valign="bottom">26.75% </td></tr> <tr><td style="background-color:#DBE5F1" valign="top">Expected income tax recovery </td><td style="background-color:#DBE5F1;border-top:0.5pt solid #000000" valign="bottom">$ </td><td style="background-color:#DBE5F1;border-top:0.5pt solid #000000" valign="bottom">(294,978) </td><td style="background-color:#DBE5F1" valign="bottom"> </td><td style="background-color:#DBE5F1;border-top:0.5pt solid #000000" valign="bottom">$ </td><td style="background-color:#DBE5F1;border-top:0.5pt solid #000000" valign="bottom">(28,914) </td></tr> <tr><td valign="top">Change in valuation allowance </td><td valign="bottom"> </td><td valign="bottom">294,978 </td><td valign="bottom"> </td><td valign="bottom"> </td><td valign="bottom">28,914 </td></tr> <tr><td style="background-color:#DBE5F1" valign="top">Recovery of income taxes </td><td style="background-color:#DBE5F1;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom">$ </td><td style="background-color:#DBE5F1;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom">- </td><td style="background-color:#DBE5F1" valign="bottom"> </td><td style="background-color:#DBE5F1;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom">$ </td><td style="background-color:#DBE5F1;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom">- </td></tr> </table>

-1102720

-108091

0.2675

294978

28914

294978

28914

<table style="margin:0 auto;border-collapse:collapse;width:75%"><tr><td valign="bottom"> </td><td colspan="5" style="border-bottom:0.5pt solid #000000" valign="bottom">December 31, </td></tr> <tr><td valign="bottom"> </td><td colspan="2" style="border-bottom:0.5pt solid #000000" valign="bottom">2025 </td><td valign="bottom"> </td><td colspan="2" style="border-bottom:0.5pt solid #000000" valign="bottom">2024 </td></tr> <tr><td style="background-color:#DBE5F1" valign="top">Deferred tax assets </td><td style="background-color:#DBE5F1;border-top:0.5pt solid #000000" valign="bottom"> </td><td style="background-color:#DBE5F1;border-top:0.5pt solid #000000" valign="bottom"> </td><td style="background-color:#DBE5F1" valign="bottom"> </td><td style="background-color:#DBE5F1;border-top:0.5pt solid #000000" valign="bottom"> </td><td style="background-color:#DBE5F1;border-top:0.5pt solid #000000" valign="bottom"> </td></tr> <tr><td valign="top">Net operating losses </td><td valign="bottom">$ </td><td valign="bottom">1,790,267 </td><td valign="bottom"> </td><td valign="bottom">$ </td><td valign="bottom">1,495,289 </td></tr> <tr><td style="background-color:#DBE5F1" valign="top">Valuation allowance </td><td style="background-color:#DBE5F1" valign="bottom"> </td><td style="background-color:#DBE5F1" valign="bottom">(1,790,267) </td><td style="background-color:#DBE5F1" valign="bottom"> </td><td style="background-color:#DBE5F1" valign="bottom"> </td><td style="background-color:#DBE5F1" valign="bottom">(1,495,289) </td></tr> <tr><td valign="top"> </td><td style="border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom">$ </td><td style="border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom">- </td><td valign="bottom"> </td><td style="border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom">$ </td><td style="border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom">- </td></tr> </table>

1790267

1495289

1790267

1495289

10. Commitments and Contingencies Legal Matters From time to time, the Company may be involved in a variety of claims, suits, investigations and proceedings arising from the ordinary course of our business, collections claims, breach of contract claims, labor and employment claims, tax and other matters. Although claims, suits, investigations and proceedings are inherently uncertain and their results cannot be predicted with certainty, the Company believes that the resolution of current pending matters will not have a material adverse effect on its business, financial position, results of operations or cash flow. Regardless of the outcome, litigation can have an adverse impact on the Company because of legal costs, diversion of management resources and other factors.

11. Subsequent Events Management has evaluated subsequent events, in accordance with FASB ASC Topic 855, “Subsequent Events,” from January 1, 2026 through the date these financial statements were issued and noted no items requiring disclosure.