Note 8     EQUITY METHOD INVESTMENTS

Tachyonext Inc. (“Tachyonext”)

On June 5, 2025, the Company acquired a 35% equity interest in Tachyonext, a US-based e-commerce company, for total cash consideration of $500,000. The Company has significant influence over Tachyonext through its ownership interest and participation in certain strategic and operating decisions, and accordingly accounts for this investment using the equity method.

For the three months ended March 31, 2026, the Company recognized a loss of $148,636, representing its proportionate share of Tachyonext’s net loss. As of March 31, 2026 and December 31, 2025, the carrying value of the investment in Tachyonext was $351,364 and $524,152, respectively. The Company evaluated this investment for impairment as of December 31, 2025 and determined that no impairment indicators were present.

LONGWOOL (“Longwool”)

On December 1, 2025, the Company entered into a stock purchase agreement with Longwool, a French corporation, to acquire an equity interest representing 35% of Longwool’s outstanding equity for total cash consideration of $400,000. The transaction closed on January 1, 2026. The cash consideration paid in December 2025 was recorded as a prepaid investment as of December 31, 2025. The Company began accounting for this investment using the equity method in January 2026, as the Company obtained significant influence over Longwool at that time.

For the three months ended March 31, 2026, the Company recognized a gain of $nil representing its proportionate share of Longwool’s net gain. As of March 31, 2026, the carrying value of the investment in Longwool was $400,000.