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<p id="xdx_806_eus-gaap--OrganizationConsolidationBasisOfPresentationBusinessDescriptionAndAccountingPoliciesTextBlock_zQ94rzTiLo5c" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">1. NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Nature of Operations Winning Catering Group, Inc. (formerly known as LiquidValue Development Inc.) (the “Company”) was incorporated in the State of Nevada on December 10, 2009. The Company is <span id="xdx_906_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_uPure_c20260331__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--SedIntelligentHomeIncMember_zwvHgAXjYfm7" title="Ownership percentage">99.99% owned by SeD Intelligent Home Inc., which is wholly owned by Alset International Limited (“Alset International”), a multinational public company, listed on the Singapore Exchange Securities Trading Limited. On December 29, 2017, the Company, acquired Alset EHome Inc. (“Alset EHome”) by reverse merger. Alset EHome, a Delaware corporation, was formed on February 24, 2015. Alset EHome is principally engaged in developing, selling, managing, and leasing residential properties in the United States and may expand from residential properties to other property types, including but not limited to commercial and retail properties. As of March 31, 2026, the Company had one wholly owned subsidiary, LVD Merger Corp. Liquidity and Capital Resources As of March 31, 2026, the Company had cash in the amount of $0, compared to $5,912 as of December 31, 2025. In August 2025, the Company completed the distribution of the issued and outstanding shares of Alset Real Estate Holdings Inc. to its shareholders. Following this transaction, the Company has no material operations or sources of revenue and is considered a shell company as defined under Rule 12b-2 of the Securities Exchange Act of 1934. Going Concern The Company’s current cash resources are expected to be sufficient only to cover minimal administrative and reporting costs for a limited period. The Company does not have any commitments for additional financing and will require either additional capital or a strategic transaction to continue its existence and satisfy ongoing reporting obligations. These conditions raise substantial doubt about the Company’s ability to continue as a going concern. The accompanying financial statements do not include any adjustments that might result from this uncertainty. On May 30, 2025, the Company entered into an Acquisition Agreement and Plan of Merger (the “Acquisition Agreement”) with SeD Intelligent Home Inc., LVD Merger Corp., a wholly owned subsidiary of the Company; Winning Catering Management Limited (“Winning Group”); Winning Holdings Limited; and Pure Talent Group Limited. Pursuant to the Acquisition Agreement, LVD Merger Corp. will merge with and into Winning Group, with Winning Group surviving the merger as a wholly owned subsidiary of the Company. In connection with the merger, the Company will issue new shares of its common stock, following which Winning Holdings will own approximately 80% of the issued and outstanding shares of the Company. The planned merger represents management’s strategy to secure a new business operation and address the substantial doubt regarding the Company’s ability to continue as a going concern. While management is actively pursuing completion of the merger, the transaction had not been consummated as of the issuance date of this Quarterly Report on Form 10-Q and, therefore, does not currently alleviate the substantial doubt about the Company’s ability to continue as a going concern. Principles of Consolidation The condensed consolidated financial statements include the accounts of the Company and its wholly owned and majority owned subsidiaries before the Distribution. All intercompany balances and transactions have been eliminated in consolidation. Basis of Presentation The Company’s condensed consolidated financial statements have been prepared in accordance with the accounting principles generally accepted in the United States of America, for interim financial information, the instructions to Form 10-Q and Article 10 of Regulation S-X. The unaudited financial information furnished herein reflects all adjustments, consisting solely of normal recurring items, which in the opinion of management are necessary to fairly state the financial position of the Company and the results of its operations for the periods presented. This report should be read in conjunction with the Company’s consolidated financial statements and notes thereto included in the Company’s Form 10-K for the year ended December 31, 2025, filed on February 25, 2026 and as amended on March 3, 2026. The results of operations for the interim periods presented are not necessarily indicative of results for the year ending December 31, 2026. Use of Estimates The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts in the condensed consolidated financial statements. Actual results could differ from those estimates. Income (Loss) per Share Basic income (loss) per share is computed by dividing the net income (loss) attributable to the common stockholders by weighted average number of shares of common stock outstanding during the period. Fully diluted income (loss) per share is computed similar to basic income (loss) per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common shares had been issued and if the additional common shares were dilutive. There were no dilutive financial instruments issued or outstanding for the three months ended March 31, 2026 or 2025. Cash The Company considers all highly liquid investments with a maturity of three months or less at the date of acquisition to be cash equivalents. There were no cash equivalents as of March 31, 2026 and December 31, 2025. Real Estate Assets <table cellpadding="0" cellspacing="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr> <td style="width: 24px"> </td> <td style="width: 24px">●</td> <td>Rental of Model Houses</td></tr> </table> In May 2023, the Company entered into a lease agreement for one of its model houses located in Montgomery County, Texas. This lease was terminated in February 2025. On July 14, 2023, 150 CCM Black Oak Ltd entered into a model home lease agreement with Davidson Homes, LLC (“Davidson”). On August 3, 2023, Black Oak entered into a development and construction agreement with Davidson to build a model house located in Montgomery County, Texas. On January 4, 2024, Black Oak paid $220,076 to Davidson as reimbursement for final construction cost and the contractor’s fee. The model home lease commenced on January 1, 2024, lease term is twenty-four (24) full months and annual base rent equals to twelve percent (<span id="xdx_904_ecustom--RentPercentageBasedOnConstructionCosts_pid_dp_uPure_c20240104__20240104__dei--LegalEntityAxis__custom--OneHundredFiftyCCMBlackOakLtdMember_z2F0oUSDEDJ5" title="Rent percentage based on construction costs">12%) of the total of the final cost of construction costs and the contractor’s fee. Rental Revenue Recognition The Company leases real estate properties to its tenants under leases that are predominately classified as operating leases, in accordance with ASC 842, Leases (“ASC 842”). Real estate rental revenue is comprised of minimum base rent and revenue from the collection of lease termination fees. Rent from tenants is recorded in accordance with the terms of each lease agreement on a straight-line basis over the initial term of the lease. Rental revenue recognition begins when the tenant controls the space and continues through the term of the related lease. Generally, at the end of the lease term, the Company provides the tenant with a one-year renewal option, including mostly the same terms and conditions provided under the initial lease term, subject to rent increases. The Company defers rental revenue related to lease payments received from tenants in advance of their due dates. Rental revenue is subject to an evaluation for collectability on several factors, including payment history, the financial strength of the tenant and any guarantors, historical operations and operating trends of the property, and current economic conditions. If our evaluation of these factors indicates that it is not probable that we will recover substantially all of the receivable, rental revenue is limited to the lesser of the rental revenue that would be recognized on a straight-line basis (as applicable) or the lease payments that have been collected from the lessee. Differences between rental revenue recognized and amounts contractually due under the lease agreements are credited or charged to straight-line rent receivable or straight-line rent liability, as applicable. Cost of Rental Revenue Cost of rental revenue consists primarily of the costs associated with repairs and maintenance, depreciation, property taxes and other related administrative costs. Utility expenses are paid directly by tenants. Related Parties The Company follows subtopic 850-10 of the FASB ASC for the identification of related parties and disclosure of related party transactions. Pursuant to Section 850-10-20, related parties include: (a) affiliates of the Company; (b) entities for which investments in their equity securities would be required, absent the election of the FV option under the FV Option Subsection of Section 825–10–15, to be accounted for by the equity method by the investing entity; (c) trusts for the benefit of employees, such as pension and profit-sharing trusts that are managed by or under the trusteeship of management; (d) principal owners of the Company; (e) management of the Company; (f) other parties with which the Company may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests; and (g) other parties that can significantly influence the management or operating policies of the transacting parties or that have an ownership interest in one of the transacting parties and can significantly influence the other to an extent that one or more of the transacting parties might be prevented from fully pursuing its own separate interests. Segments The Company has one reportable segment, real estate, which includes its rental business. The Company’s chief operating decision makers (the “CODMs”) are the Co-Chief Executive Officers, who review and assess the performance of the Company as a whole. The CODMs primarily use net income (loss) and operating income (loss) to evaluate performance and allocate resources, and these measures are prepared on the same basis as in the Company’s Consolidated Statements of Operations. The CODMs use these measures in assessing ongoing operations and in the Company’s internal planning and forecasting processes. Segment expenses and other items are provided to the CODMs on the same basis as presented in the Consolidated Statements of Operations, and the CODMs do not use information on segment assets in evaluating performance or allocating resources. Recent Accounting Pronouncements In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740) – Improvements to Income Tax Disclosures (“ASU 2023-09”). ASU 2023-09 requires that an entity, on an annual basis, disclose additional income tax information, primarily related to the rate reconciliation and income taxes paid. The amendment in the ASU is intended to enhance the transparency and decision usefulness of income tax disclosures. The ASU’s amendments are effective for annual periods beginning after December 15, 2024. The adoption of this ASU did not have a material impact on our consolidated financial statements. Accounting pronouncements pending adoption In November 2024, the FASB issued ASU No. 2024-03, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses (“ASU 2024-03”), which is intended to improve disclosures about a public business entity’s expenses, primarily through additional disaggregation of income statement expenses. ASU 2024-03 is effective for annual periods beginning after December 15, 2026, and interim periods beginning after December 15, 2027, with early adoption permitted. The amendments in ASU 2024-03 should be applied either prospectively to financial statements issued for reporting periods after the effective date or retrospectively to any or all prior periods presented in the financial statements. The Company is currently evaluating the ASU 2024-03 to determine the impact on the Company’s disclosures. In December 2025, the FASB issued ASU 2025-11, Interim Reporting (Topic 270). This update enhances the clarity and organization of interim reporting and the applicability of Topic 270. It also clarifies the required form and content of interim financial statements, including requiring entities to disclose events since the end of the last annual reporting period that have a material impact on the entity. The standard is effective for interim reporting periods within annual periods beginning after December 15, 2027, with early adoption permitted. Entities may apply the update either prospectively or retrospectively. We are currently evaluating the impact of adopting this standard on our financial statements and disclosures.

Nature of Operations Winning Catering Group, Inc. (formerly known as LiquidValue Development Inc.) (the “Company”) was incorporated in the State of Nevada on December 10, 2009. The Company is <span id="xdx_906_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_uPure_c20260331__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--SedIntelligentHomeIncMember_zwvHgAXjYfm7" title="Ownership percentage">99.99% owned by SeD Intelligent Home Inc., which is wholly owned by Alset International Limited (“Alset International”), a multinational public company, listed on the Singapore Exchange Securities Trading Limited. On December 29, 2017, the Company, acquired Alset EHome Inc. (“Alset EHome”) by reverse merger. Alset EHome, a Delaware corporation, was formed on February 24, 2015. Alset EHome is principally engaged in developing, selling, managing, and leasing residential properties in the United States and may expand from residential properties to other property types, including but not limited to commercial and retail properties. As of March 31, 2026, the Company had one wholly owned subsidiary, LVD Merger Corp.

0.9999

Liquidity and Capital Resources As of March 31, 2026, the Company had cash in the amount of $0, compared to $5,912 as of December 31, 2025. In August 2025, the Company completed the distribution of the issued and outstanding shares of Alset Real Estate Holdings Inc. to its shareholders. Following this transaction, the Company has no material operations or sources of revenue and is considered a shell company as defined under Rule 12b-2 of the Securities Exchange Act of 1934.

5912

Going Concern The Company’s current cash resources are expected to be sufficient only to cover minimal administrative and reporting costs for a limited period. The Company does not have any commitments for additional financing and will require either additional capital or a strategic transaction to continue its existence and satisfy ongoing reporting obligations. These conditions raise substantial doubt about the Company’s ability to continue as a going concern. The accompanying financial statements do not include any adjustments that might result from this uncertainty. On May 30, 2025, the Company entered into an Acquisition Agreement and Plan of Merger (the “Acquisition Agreement”) with SeD Intelligent Home Inc., LVD Merger Corp., a wholly owned subsidiary of the Company; Winning Catering Management Limited (“Winning Group”); Winning Holdings Limited; and Pure Talent Group Limited. Pursuant to the Acquisition Agreement, LVD Merger Corp. will merge with and into Winning Group, with Winning Group surviving the merger as a wholly owned subsidiary of the Company. In connection with the merger, the Company will issue new shares of its common stock, following which Winning Holdings will own approximately 80% of the issued and outstanding shares of the Company. The planned merger represents management’s strategy to secure a new business operation and address the substantial doubt regarding the Company’s ability to continue as a going concern. While management is actively pursuing completion of the merger, the transaction had not been consummated as of the issuance date of this Quarterly Report on Form 10-Q and, therefore, does not currently alleviate the substantial doubt about the Company’s ability to continue as a going concern.

Principles of Consolidation The condensed consolidated financial statements include the accounts of the Company and its wholly owned and majority owned subsidiaries before the Distribution. All intercompany balances and transactions have been eliminated in consolidation.

Basis of Presentation The Company’s condensed consolidated financial statements have been prepared in accordance with the accounting principles generally accepted in the United States of America, for interim financial information, the instructions to Form 10-Q and Article 10 of Regulation S-X. The unaudited financial information furnished herein reflects all adjustments, consisting solely of normal recurring items, which in the opinion of management are necessary to fairly state the financial position of the Company and the results of its operations for the periods presented. This report should be read in conjunction with the Company’s consolidated financial statements and notes thereto included in the Company’s Form 10-K for the year ended December 31, 2025, filed on February 25, 2026 and as amended on March 3, 2026. The results of operations for the interim periods presented are not necessarily indicative of results for the year ending December 31, 2026.

Use of Estimates The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts in the condensed consolidated financial statements. Actual results could differ from those estimates.

Income (Loss) per Share Basic income (loss) per share is computed by dividing the net income (loss) attributable to the common stockholders by weighted average number of shares of common stock outstanding during the period. Fully diluted income (loss) per share is computed similar to basic income (loss) per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common shares had been issued and if the additional common shares were dilutive. There were no dilutive financial instruments issued or outstanding for the three months ended March 31, 2026 or 2025.

Cash The Company considers all highly liquid investments with a maturity of three months or less at the date of acquisition to be cash equivalents. There were no cash equivalents as of March 31, 2026 and December 31, 2025.

Real Estate Assets <table cellpadding="0" cellspacing="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr> <td style="width: 24px"> </td> <td style="width: 24px">●</td> <td>Rental of Model Houses</td></tr> </table> In May 2023, the Company entered into a lease agreement for one of its model houses located in Montgomery County, Texas. This lease was terminated in February 2025. On July 14, 2023, 150 CCM Black Oak Ltd entered into a model home lease agreement with Davidson Homes, LLC (“Davidson”). On August 3, 2023, Black Oak entered into a development and construction agreement with Davidson to build a model house located in Montgomery County, Texas. On January 4, 2024, Black Oak paid $220,076 to Davidson as reimbursement for final construction cost and the contractor’s fee. The model home lease commenced on January 1, 2024, lease term is twenty-four (24) full months and annual base rent equals to twelve percent (<span id="xdx_904_ecustom--RentPercentageBasedOnConstructionCosts_pid_dp_uPure_c20240104__20240104__dei--LegalEntityAxis__custom--OneHundredFiftyCCMBlackOakLtdMember_z2F0oUSDEDJ5" title="Rent percentage based on construction costs">12%) of the total of the final cost of construction costs and the contractor’s fee.

220076

P24M

0.12

Rental Revenue Recognition The Company leases real estate properties to its tenants under leases that are predominately classified as operating leases, in accordance with ASC 842, Leases (“ASC 842”). Real estate rental revenue is comprised of minimum base rent and revenue from the collection of lease termination fees. Rent from tenants is recorded in accordance with the terms of each lease agreement on a straight-line basis over the initial term of the lease. Rental revenue recognition begins when the tenant controls the space and continues through the term of the related lease. Generally, at the end of the lease term, the Company provides the tenant with a one-year renewal option, including mostly the same terms and conditions provided under the initial lease term, subject to rent increases. The Company defers rental revenue related to lease payments received from tenants in advance of their due dates. Rental revenue is subject to an evaluation for collectability on several factors, including payment history, the financial strength of the tenant and any guarantors, historical operations and operating trends of the property, and current economic conditions. If our evaluation of these factors indicates that it is not probable that we will recover substantially all of the receivable, rental revenue is limited to the lesser of the rental revenue that would be recognized on a straight-line basis (as applicable) or the lease payments that have been collected from the lessee. Differences between rental revenue recognized and amounts contractually due under the lease agreements are credited or charged to straight-line rent receivable or straight-line rent liability, as applicable.

Cost of Rental Revenue Cost of rental revenue consists primarily of the costs associated with repairs and maintenance, depreciation, property taxes and other related administrative costs. Utility expenses are paid directly by tenants.

Related Parties The Company follows subtopic 850-10 of the FASB ASC for the identification of related parties and disclosure of related party transactions. Pursuant to Section 850-10-20, related parties include: (a) affiliates of the Company; (b) entities for which investments in their equity securities would be required, absent the election of the FV option under the FV Option Subsection of Section 825–10–15, to be accounted for by the equity method by the investing entity; (c) trusts for the benefit of employees, such as pension and profit-sharing trusts that are managed by or under the trusteeship of management; (d) principal owners of the Company; (e) management of the Company; (f) other parties with which the Company may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests; and (g) other parties that can significantly influence the management or operating policies of the transacting parties or that have an ownership interest in one of the transacting parties and can significantly influence the other to an extent that one or more of the transacting parties might be prevented from fully pursuing its own separate interests.

Segments The Company has one reportable segment, real estate, which includes its rental business. The Company’s chief operating decision makers (the “CODMs”) are the Co-Chief Executive Officers, who review and assess the performance of the Company as a whole. The CODMs primarily use net income (loss) and operating income (loss) to evaluate performance and allocate resources, and these measures are prepared on the same basis as in the Company’s Consolidated Statements of Operations. The CODMs use these measures in assessing ongoing operations and in the Company’s internal planning and forecasting processes. Segment expenses and other items are provided to the CODMs on the same basis as presented in the Consolidated Statements of Operations, and the CODMs do not use information on segment assets in evaluating performance or allocating resources.

Recent Accounting Pronouncements In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740) – Improvements to Income Tax Disclosures (“ASU 2023-09”). ASU 2023-09 requires that an entity, on an annual basis, disclose additional income tax information, primarily related to the rate reconciliation and income taxes paid. The amendment in the ASU is intended to enhance the transparency and decision usefulness of income tax disclosures. The ASU’s amendments are effective for annual periods beginning after December 15, 2024. The adoption of this ASU did not have a material impact on our consolidated financial statements.

Accounting pronouncements pending adoption In November 2024, the FASB issued ASU No. 2024-03, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses (“ASU 2024-03”), which is intended to improve disclosures about a public business entity’s expenses, primarily through additional disaggregation of income statement expenses. ASU 2024-03 is effective for annual periods beginning after December 15, 2026, and interim periods beginning after December 15, 2027, with early adoption permitted. The amendments in ASU 2024-03 should be applied either prospectively to financial statements issued for reporting periods after the effective date or retrospectively to any or all prior periods presented in the financial statements. The Company is currently evaluating the ASU 2024-03 to determine the impact on the Company’s disclosures. In December 2025, the FASB issued ASU 2025-11, Interim Reporting (Topic 270). This update enhances the clarity and organization of interim reporting and the applicability of Topic 270. It also clarifies the required form and content of interim financial statements, including requiring entities to disclose events since the end of the last annual reporting period that have a material impact on the entity. The standard is effective for interim reporting periods within annual periods beginning after December 15, 2027, with early adoption permitted. Entities may apply the update either prospectively or retrospectively. We are currently evaluating the impact of adopting this standard on our financial statements and disclosures.

2. CONCENTRATION OF CREDIT RISK The Group maintains cash balances at various financial institutions, and such deposits are insured by the Federal Deposit Insurance Corporation up to applicable limits. At times, these balances may exceed the federal insurance limits.

3. RELATED PARTY TRANSACTIONS Loan to/from SeD Intelligent Home Inc. The Company receives advances from or loans funds to SeD Intelligent Home, the owner of <span id="xdx_90D_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_uPure_c20260331__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--SedIntelligentHomeIncMember_zvhMgETDRUn9" title="Ownership percentage">99.99% of the Company. The advances or the loans bore interest of <span id="xdx_907_eus-gaap--DebtInstrumentInterestRateStatedPercentage_iI_pid_dp_uPure_c20260331__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--SedIntelligentHomeIncMember_zzXvrJNQxVv" title="Interest rate">18% until August 30, 2017 when the interest rate was adjusted to <span id="xdx_907_ecustom--DebtInstrumentInterestRateAdjustedPercentage_iI_pid_dp_uPure_c20260331__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--SedIntelligentHomeIncMember_zsq6LmiE9n2k" title="Debt instrument interest rate adjusted percentage">5% and have no set repayment terms. During the three months ended March 31, 2026 and 2025, the Company received repayment of $<span id="xdx_90A_eus-gaap--RepaymentOfNotesReceivableFromRelatedParties_pp0p0_c20260101__20260331__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--SedIntelligentHomeIncMember_zpSfNvEWMh3d" title="Repayment from promissory note receivable related party">0 and $<span id="xdx_90F_eus-gaap--RepaymentOfNotesReceivableFromRelatedParties_pp0p0_c20250101__20250331__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--SedIntelligentHomeIncMember_z3mqcNu37k88" title="Repayment from promissory note receivable related party">470,000, respectively, from SeD Intelligent Home. The accrued interest of $<span id="xdx_90B_eus-gaap--InterestPayableCurrentAndNoncurrent_iI_pp0p0_c20260331__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--SedIntelligentHomeIncMember_zRk9qbQUvvj2" title="Accrued interest">0 and $<span id="xdx_900_eus-gaap--InterestPayableCurrentAndNoncurrent_iI_pp0p0_c20250331__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--SedIntelligentHomeIncMember_z50BG6kx9vn7" title="Accrued interest">162,345 at March 31, 2026 and 2025, respectively, were offset against interest payable in the Company’s Balance Sheet, prior to the Distribution. Following the Distribution, the Company had no amounts outstanding with SeD Intelligent Home Inc. as of March 31, 2026 and December 31, 2025. <p id="xdx_898_eus-gaap--ScheduleOfDebtTableTextBlock_hus-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--SedIntelligentHomeLoanMember_zpLdQR2z2NQl" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">Below table presents the changes in the loan balances during first three months of 2025. SCHEDULE OF CHANGES IN LOAN BALANCES <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">SeD Intelligent Home Loan</td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Interest rate</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Due date</td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2024</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Addition</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Interest Receivable Offset</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">3/31/2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 16%">Principle</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right"><span id="xdx_902_eus-gaap--DebtInstrumentInterestRateEffectivePercentage_iI_pid_dp_uPure_c20250331__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--SeDIntelligentHomeLoanMember_zW0658jdnYF5" title="Interest rate">5.00</td><td style="width: 1%; text-align: left">%</td><td style="width: 2%"> </td> <td style="width: 10%; text-align: center"><span id="xdx_909_eus-gaap--DebtInstrumentMaturityDateDescription_c20250101__20250331__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--SeDIntelligentHomeLoanMember_zlgo3TKhpgsf" title="Principle - Due date">On demand</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98B_eus-gaap--DebtInstrumentFaceAmount_iS_c20250101__20250331__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--SeDIntelligentHomeLoanMember_ziWMGmRKUncc" style="width: 10%; text-align: right" title="Principle - beginning balance">13,400,274</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_986_ecustom--DebtInstrumentPrincipleValueAddition_c20250101__20250331__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--SeDIntelligentHomeLoanMember_zfpWxoEtC3Sd" style="width: 10%; text-align: right" title="Principle - Addition">(470,000</td><td style="width: 1%; text-align: left">)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98A_ecustom--DebtInterestReceivablesOffset_c20250101__20250331__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--SeDIntelligentHomeLoanMember_ziLlA25TYKQa" style="width: 12%; text-align: right" title="Interest Payable - Interest receivable offset">-</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_986_eus-gaap--DebtInstrumentFaceAmount_iE_c20250101__20250331__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--SeDIntelligentHomeLoanMember_zBc9tnnNfwTe" style="width: 10%; text-align: right" title="Due to related party - Ending">12,930,274</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt; text-align: left">Interest Payable</td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_988_eus-gaap--InterestPayableCurrent_iNS_di_c20250101__20250331__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--SeDIntelligentHomeLoanMember_zkDcdI1tdalj" style="border-bottom: Black 1pt solid; text-align: right" title="Interest Payable - beginning balance">(1,207,408</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_982_ecustom--DebtInstrumentInterestPayableAddition_c20250101__20250331__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--SeDIntelligentHomeLoanMember_zNu1pfS3MFB3" style="border-bottom: Black 1pt solid; text-align: right" title="Interest Payable - Addition">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_985_ecustom--InterestPayableReceivablesOffset_c20250101__20250331__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--SeDIntelligentHomeLoanMember_zTbsaBFSAJFi" style="border-bottom: Black 1pt solid; text-align: right" title="Interest Payable - Interest receivable offset">162,345</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_98A_eus-gaap--InterestPayableCurrent_iNE_di_c20250101__20250331__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--SeDIntelligentHomeLoanMember_zIym95c6XSB6" style="border-bottom: Black 1pt solid; text-align: right" title="Due to related party - Ending">(1,045,063</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt; text-align: right"> </td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_986_eus-gaap--OtherLiabilities_iS_c20250101__20250331__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--SeDIntelligentHomeLoanMember_zfbolhsq3zgh" style="border-bottom: Black 2.5pt double; text-align: right" title="Due to related party - beginning balance">12,192,866</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_985_ecustom--DebtInstrumentPrincipleAddition_c20250101__20250331__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--SeDIntelligentHomeLoanMember_z0gQaKsjKxA5" style="border-bottom: Black 2.5pt double; text-align: right" title="Tota - Addition">(470,000</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_980_ecustom--InterestReceivablesOffset_c20250101__20250331__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--SeDIntelligentHomeLoanMember_z4QrS4CHb3wl" style="border-bottom: Black 2.5pt double; text-align: right" title="Total interest receivable offset">162,345</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_988_eus-gaap--OtherLiabilities_iE_c20250101__20250331__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--SeDIntelligentHomeLoanMember_zTOqn47oEp3j" style="border-bottom: Black 2.5pt double; text-align: right" title="Due to related party - Ending">11,885,211</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> Management Fees MacKenzie Equity Partners, LLC, an entity owned by Charles MacKenzie, a Director of the Company, has a consulting agreement with a majority-owned subsidiary of the Company. Pursuant to an agreement entered into in June of 2022, as supplemented in August 2023, the Company’s subsidiary pays $<span id="xdx_906_eus-gaap--ProfessionalFees_c20260101__20260331__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--MacKenzieEquityPartnersLLCMember__us-gaap--TypeOfArrangementAxis__custom--ConsultingAgreementMember_zb8k8LTvqC61" title="Consulting service">25,000 per month to MacKenzie Equity Partners, LLC for consulting services. In addition, <span id="xdx_901_eus-gaap--RelatedPartyTransactionDescriptionOfTransaction_c20260101__20260331__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--MacKenzieEquityPartnersLLCMember__us-gaap--TypeOfArrangementAxis__custom--ConsultingAgreementMember_z8zBMFcDOYq" title="Related party transaction, description">MacKenzie Equity Partners, LLC has been paid certain bonuses, including a sum of $75,000 in May 2025. The Company incurred expenses of $<span id="xdx_90C_eus-gaap--ManagementFeeExpense_c20260101__20260331__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--MacKenzieEquityPartnersLLCMember__us-gaap--TypeOfArrangementAxis__custom--ConsultingAgreementMember_zm29eGR2JDDi" title="Management fees">0 and $<span id="xdx_90D_eus-gaap--ManagementFeeExpense_c20250101__20250331__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--MacKenzieEquityPartnersLLCMember__us-gaap--TypeOfArrangementAxis__custom--ConsultingAgreementMember_zrGD4ZoIR5z" title="Management fees">75,000 in the three months ended March 31, 2026 and 2025, respectively. On March 31, 2026 and December 31, 2025, the Company owed this related party $<span id="xdx_90A_eus-gaap--OtherLiabilities_iI_pp0p0_c20260331__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--MacKenzieEquityPartnersLLCMember__us-gaap--TypeOfArrangementAxis__custom--ConsultingAgreementMember_zmqQTKFVAkbb" title="Due to related party"><span id="xdx_909_eus-gaap--OtherLiabilities_iI_pp0p0_c20251231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--MacKenzieEquityPartnersLLCMember__us-gaap--TypeOfArrangementAxis__custom--ConsultingAgreementMember_z8g99rpX6Srk" title="Due to related party">0. Note from Alset Inc. On January 13, 2023, the Company received a note from Alset Inc. in the amount of $<span id="xdx_90C_eus-gaap--BusinessCombinationConsiderationTransferredLiabilitiesIncurred_c20230113__20230113__us-gaap--BusinessAcquisitionAxis__custom--AmericanHomeREITIncMember__dei--LegalEntityAxis__custom--AlsetEHomeIncMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--AlsetIncMember_zDVSIYrAlt05" title="Promissory note consideration">11,350,933 in relation to the sale of its rental business in 2023. The note carries interest rate of <span id="xdx_907_eus-gaap--DebtInstrumentInterestRateStatedPercentage_iI_pid_dp_uPure_c20230113__us-gaap--BusinessAcquisitionAxis__custom--AmericanHomeREITIncMember__dei--LegalEntityAxis__custom--AlsetEHomeIncMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--AlsetIncMember_zwp5xy4KitSf" title="Promissory note interest rate">7.2% and matures on <span id="xdx_90D_eus-gaap--DebtInstrumentMaturityDate_dd_c20230113__20230113__us-gaap--BusinessAcquisitionAxis__custom--AmericanHomeREITIncMember__dei--LegalEntityAxis__custom--AlsetEHomeIncMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--AlsetIncMember_zAaRvuweIGbb" title="Maturity date">January 13, 2028. During the three months ended on March 31, 2026 and 2025, we recognized interest income of $0 and $201,518, respectively. Alset Inc. owns <span id="xdx_90E_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_uPure_c20260331__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--AlsetIncMember_zFljhVCpyRc3" title="Ownership percentage">85.8% of Alset International Limited, and Alset International Limited indirectly owns approximately <span id="xdx_902_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_uPure_c20260331__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--AlsetInternationalMember_z1VYcWhiJXr9" title="Ownership percentage">99.9% of the Company. Certain members of the Company’s Board of Directors and management are also members of the Board of Directors and management of each Alset International Limited and Alset Inc. Chan Heng Fai, the Chairman, Chief Executive Officer and majority stockholder of Alset Inc., is also the Chairman and Chief Executive Officer of both the Company and Alset International Limited; Chan Tung Moe is the Co-Chief Executive Officer and a member of the Board of Directors of Alset Inc., Alset International Limited and the Company; and Charles MacKenzie, a member of the Board of Directors of the Company, is also an officer of Alset Inc. Following the Distribution, the Company had no amounts outstanding with Alset Inc. as of March 31, 2026 and December 31, 2025. <p id="xdx_894_eus-gaap--ScheduleOfDebtTableTextBlock_hus-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--AlsetIncLoanMember_zh4ktdD2zNnk" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">Below table presents the changes in the loan balances during first three months of 2025. SCHEDULE OF CHANGES IN LOAN BALANCES <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Alset Inc. Loan</td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Interest rate</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Due date</td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2024</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Addition</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">3/31/2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 28%">Principle</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right"><span id="xdx_906_eus-gaap--DebtInstrumentInterestRateEffectivePercentage_iI_pid_dp_uPure_c20250331__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--AlsetIncLoanMember_ziKgPheDKD9h" title="Principle - interest rate">7.20</td><td style="width: 1%; text-align: left">%</td><td style="width: 2%"> </td> <td style="width: 10%; text-align: center">1/13/2028</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_985_eus-gaap--DebtInstrumentFaceAmount_iS_c20250101__20250331__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--AlsetIncLoanMember_zgwG7MQla837" style="width: 12%; text-align: right" title="Principle - Beginning balance">11,350,933</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_989_ecustom--DebtInstrumentPrincipleValueAddition_c20250101__20250331__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--AlsetIncLoanMember_zV79vUGRgxp9" style="width: 10%; text-align: right" title="Principle - Addition">-</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_983_eus-gaap--DebtInstrumentFaceAmount_iE_c20250101__20250331__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--AlsetIncLoanMember_zKe7xk0nOJB6" style="width: 10%; text-align: right" title="Principle - Ending balance">11,350,933</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt; text-align: left">Interest Receivable</td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_989_eus-gaap--InterestReceivable_iS_c20250101__20250331__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--AlsetIncLoanMember_zZjxDNGZoIX4" style="border-bottom: Black 1pt solid; text-align: right" title="Principle - Beginning balance">1,607,665</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_980_ecustom--DebtInstrumentInterestReceivableAddition_c20250101__20250331__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--AlsetIncLoanMember_z0sTmHRwPUbf" style="border-bottom: Black 1pt solid; text-align: right" title="Interest Payable - Addition">201,518</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_98F_eus-gaap--InterestReceivable_iE_c20250101__20250331__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--AlsetIncLoanMember_zovw3Cl2Ofqe" style="border-bottom: Black 1pt solid; text-align: right" title="Principle - Ending balance">1,809,183</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt; text-align: right"> </td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98F_eus-gaap--OtherLiabilities_iS_c20250101__20250331__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--AlsetIncLoanMember_zjexkzxuggqa" style="border-bottom: Black 2.5pt double; text-align: right" title="Principle - Beginning balance">12,958,598</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_981_ecustom--DebtInstrumentPrincipleAddition_c20250101__20250331__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--AlsetIncLoanMember_zzEfyQn0jqu6" style="border-bottom: Black 2.5pt double; text-align: right" title="Tota lAddition">201,518</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_988_eus-gaap--OtherLiabilities_iE_c20250101__20250331__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--AlsetIncLoanMember_zzk0RZCsjd98" style="border-bottom: Black 2.5pt double; text-align: right" title="Principle - Ending balance">13,160,116</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> Loans for Operations During the three months ended March 31, 2026, the Company borrowed an aggregate of $66,219 from two entities under common control and paid $5,912 towards the borrowings. These borrowings were used to support the Company’s operating activities.

0.9999

0.18

0.05

470000

162345

<p id="xdx_898_eus-gaap--ScheduleOfDebtTableTextBlock_hus-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--SedIntelligentHomeLoanMember_zpLdQR2z2NQl" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">Below table presents the changes in the loan balances during first three months of 2025. SCHEDULE OF CHANGES IN LOAN BALANCES <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">SeD Intelligent Home Loan</td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Interest rate</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Due date</td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2024</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Addition</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Interest Receivable Offset</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">3/31/2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 16%">Principle</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right"><span id="xdx_902_eus-gaap--DebtInstrumentInterestRateEffectivePercentage_iI_pid_dp_uPure_c20250331__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--SeDIntelligentHomeLoanMember_zW0658jdnYF5" title="Interest rate">5.00</td><td style="width: 1%; text-align: left">%</td><td style="width: 2%"> </td> <td style="width: 10%; text-align: center"><span id="xdx_909_eus-gaap--DebtInstrumentMaturityDateDescription_c20250101__20250331__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--SeDIntelligentHomeLoanMember_zlgo3TKhpgsf" title="Principle - Due date">On demand</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98B_eus-gaap--DebtInstrumentFaceAmount_iS_c20250101__20250331__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--SeDIntelligentHomeLoanMember_ziWMGmRKUncc" style="width: 10%; text-align: right" title="Principle - beginning balance">13,400,274</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_986_ecustom--DebtInstrumentPrincipleValueAddition_c20250101__20250331__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--SeDIntelligentHomeLoanMember_zfpWxoEtC3Sd" style="width: 10%; text-align: right" title="Principle - Addition">(470,000</td><td style="width: 1%; text-align: left">)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98A_ecustom--DebtInterestReceivablesOffset_c20250101__20250331__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--SeDIntelligentHomeLoanMember_ziLlA25TYKQa" style="width: 12%; text-align: right" title="Interest Payable - Interest receivable offset">-</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_986_eus-gaap--DebtInstrumentFaceAmount_iE_c20250101__20250331__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--SeDIntelligentHomeLoanMember_zBc9tnnNfwTe" style="width: 10%; text-align: right" title="Due to related party - Ending">12,930,274</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt; text-align: left">Interest Payable</td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_988_eus-gaap--InterestPayableCurrent_iNS_di_c20250101__20250331__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--SeDIntelligentHomeLoanMember_zkDcdI1tdalj" style="border-bottom: Black 1pt solid; text-align: right" title="Interest Payable - beginning balance">(1,207,408</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_982_ecustom--DebtInstrumentInterestPayableAddition_c20250101__20250331__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--SeDIntelligentHomeLoanMember_zNu1pfS3MFB3" style="border-bottom: Black 1pt solid; text-align: right" title="Interest Payable - Addition">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_985_ecustom--InterestPayableReceivablesOffset_c20250101__20250331__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--SeDIntelligentHomeLoanMember_zTbsaBFSAJFi" style="border-bottom: Black 1pt solid; text-align: right" title="Interest Payable - Interest receivable offset">162,345</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_98A_eus-gaap--InterestPayableCurrent_iNE_di_c20250101__20250331__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--SeDIntelligentHomeLoanMember_zIym95c6XSB6" style="border-bottom: Black 1pt solid; text-align: right" title="Due to related party - Ending">(1,045,063</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt; text-align: right"> </td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_986_eus-gaap--OtherLiabilities_iS_c20250101__20250331__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--SeDIntelligentHomeLoanMember_zfbolhsq3zgh" style="border-bottom: Black 2.5pt double; text-align: right" title="Due to related party - beginning balance">12,192,866</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_985_ecustom--DebtInstrumentPrincipleAddition_c20250101__20250331__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--SeDIntelligentHomeLoanMember_z0gQaKsjKxA5" style="border-bottom: Black 2.5pt double; text-align: right" title="Tota - Addition">(470,000</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_980_ecustom--InterestReceivablesOffset_c20250101__20250331__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--SeDIntelligentHomeLoanMember_z4QrS4CHb3wl" style="border-bottom: Black 2.5pt double; text-align: right" title="Total interest receivable offset">162,345</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_988_eus-gaap--OtherLiabilities_iE_c20250101__20250331__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--SeDIntelligentHomeLoanMember_zTOqn47oEp3j" style="border-bottom: Black 2.5pt double; text-align: right" title="Due to related party - Ending">11,885,211</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>

0.0500

On demand

13400274

-470000

12930274

1207408

162345

1045063

12192866

-470000 162345

11885211

25000

MacKenzie Equity Partners, LLC has been paid certain bonuses, including a sum of $75,000 in May 2025.

75000

11350933

0.072

2028-01-13

201518

0.858

0.999

<p id="xdx_894_eus-gaap--ScheduleOfDebtTableTextBlock_hus-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--AlsetIncLoanMember_zh4ktdD2zNnk" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">Below table presents the changes in the loan balances during first three months of 2025. SCHEDULE OF CHANGES IN LOAN BALANCES <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Alset Inc. Loan</td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Interest rate</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Due date</td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">12/31/2024</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Addition</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">3/31/2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 28%">Principle</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right"><span id="xdx_906_eus-gaap--DebtInstrumentInterestRateEffectivePercentage_iI_pid_dp_uPure_c20250331__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--AlsetIncLoanMember_ziKgPheDKD9h" title="Principle - interest rate">7.20</td><td style="width: 1%; text-align: left">%</td><td style="width: 2%"> </td> <td style="width: 10%; text-align: center">1/13/2028</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_985_eus-gaap--DebtInstrumentFaceAmount_iS_c20250101__20250331__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--AlsetIncLoanMember_zgwG7MQla837" style="width: 12%; text-align: right" title="Principle - Beginning balance">11,350,933</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_989_ecustom--DebtInstrumentPrincipleValueAddition_c20250101__20250331__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--AlsetIncLoanMember_zV79vUGRgxp9" style="width: 10%; text-align: right" title="Principle - Addition">-</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_983_eus-gaap--DebtInstrumentFaceAmount_iE_c20250101__20250331__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--AlsetIncLoanMember_zKe7xk0nOJB6" style="width: 10%; text-align: right" title="Principle - Ending balance">11,350,933</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt; text-align: left">Interest Receivable</td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_989_eus-gaap--InterestReceivable_iS_c20250101__20250331__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--AlsetIncLoanMember_zZjxDNGZoIX4" style="border-bottom: Black 1pt solid; text-align: right" title="Principle - Beginning balance">1,607,665</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_980_ecustom--DebtInstrumentInterestReceivableAddition_c20250101__20250331__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--AlsetIncLoanMember_z0sTmHRwPUbf" style="border-bottom: Black 1pt solid; text-align: right" title="Interest Payable - Addition">201,518</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_98F_eus-gaap--InterestReceivable_iE_c20250101__20250331__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--AlsetIncLoanMember_zovw3Cl2Ofqe" style="border-bottom: Black 1pt solid; text-align: right" title="Principle - Ending balance">1,809,183</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt; text-align: right"> </td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98F_eus-gaap--OtherLiabilities_iS_c20250101__20250331__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--AlsetIncLoanMember_zjexkzxuggqa" style="border-bottom: Black 2.5pt double; text-align: right" title="Principle - Beginning balance">12,958,598</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_981_ecustom--DebtInstrumentPrincipleAddition_c20250101__20250331__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--AlsetIncLoanMember_zzEfyQn0jqu6" style="border-bottom: Black 2.5pt double; text-align: right" title="Tota lAddition">201,518</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_988_eus-gaap--OtherLiabilities_iE_c20250101__20250331__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--AlsetIncLoanMember_zzk0RZCsjd98" style="border-bottom: Black 2.5pt double; text-align: right" title="Principle - Ending balance">13,160,116</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>

0.0720

2028-01-13

11350933

1607665

201518

1809183

12958598

201518

13160116

66219

5912

4. STOCKHOLDERS’ EQUITY (DEFICIT) As of March 31, 2026 and December 31, 2025, there were 704,043,324 shares of the registrant’s common stock $0.001 par value per share, issued and outstanding. On July 10, 2025 the Company’s stockholders approved by written consent an amendment to the Company’s Articles of Incorporation to increase the number of authorized shares of voting common stock from 1,000,000,000 shares to 5,000,000,000 shares. The increase in the number of authorized shares of common stock was effected pursuant to a Certificate of Amendment to the Company’s Articles of Incorporation filed with the Secretary of State of the State of Nevada on August 20, 2025 and was effective as of such date.

704043324

0.001

1000000000

5000000000

5. COMMITMENTS AND CONTINGENCIES Leases The Company, before special distribution, leased office space in Maryland. Rent expense was $0 and $16,754 for the three months ended March 31, 2026 and 2025, respectively. Total cash paid for operating leases was $0 and $19,561 for the three months ended March 31, 2026 and 2025, respectively. The lease was maintained by the Company’s subsidiary that was distributed to shareholders as part of the special distribution in August 2025. Following the distribution, the Company no longer has any active lease agreements.

16754

19561

6. SUBSEQUENT EVENTS The Company has evaluated events that have occurred after the balance sheet date through the date of this report and determined that there were no subsequent events or transactions that required recognition or disclosure in the consolidated financial statements.