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NOTE 1 – ORGANIZATION AND BUSINESS SUN (the “Company”) is a corporation organized under the laws of the State of Wyoming on September 5, 2024. The Company is an early-stage entertainment company engaged primarily in the development of proprietary immersive virtual reality (“VR”) content and, to a lesser extent, in providing advertising, brand promotion, and consulting services. The Company has adopted October 31 as its fiscal year end.

NOTE 2 – BASIS OF PRESENTATION The accompanying unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and the instructions to Form 10-Q and Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation of the Company’s financial position, results of operations, and cash flows for the interim period have been included. Operating results for the interim period presented are not necessarily indicative of the results that may be expected for the full fiscal year. These financial statements should be read in conjunction with the Company’s audited financial statements and related notes included in the Company’s Annual Report on Form 10-K for the fiscal year ended October 31, 2025.

NOTE 3 – GOING CONCERN The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. For the six months ended April 30, 2026, the Company generated revenue of $16,151 and reported a net loss of $12,194. The Company continues to rely on financing from related parties and third-party lenders to support its operations and working capital requirements. These conditions raise substantial doubt about the Company’s ability to continue as a going concern. Management plans to continue funding operations through a combination of revenues from services, equity issuances, and additional debt financing. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

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NOTE 4 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The accounting policies followed by the Company are consistent with those described in the audited financial statements included in the Company’s Annual Report on Form 10-K for the fiscal year ended October 31, 2025. There have been no material changes to the Company’s significant accounting policies during the interim period. Revenue Recognition The Company recognizes revenue in accordance with ASC 606, Revenue from Contracts with Customers. Revenue during the current interim period was primarily derived from audiovisual production services and related media production activities. Revenue is recognized when the Company satisfies performance obligations under its service agreements. Segment Reporting The Company operates as a single operating segment. Management reviews financial information on a consolidated basis and therefore the Company has one reportable segment.

Revenue Recognition The Company recognizes revenue in accordance with ASC 606, Revenue from Contracts with Customers. Revenue during the current interim period was primarily derived from audiovisual production services and related media production activities. Revenue is recognized when the Company satisfies performance obligations under its service agreements.

Segment Reporting The Company operates as a single operating segment. Management reviews financial information on a consolidated basis and therefore the Company has one reportable segment.

NOTE 5 – REVENUE AND COST OF REVENUE During the six months ended April 30, 2026, the Company recognized $16,151 in revenue related primarily to audiovisual production, advertising, promotional, and creative consulting services. Direct costs associated with these services totaled $4,500 and consisted primarily of editing, post-production, and production services provided by third-party contractors. These direct production costs are recorded as cost of revenue in the accompanying condensed statements of operations.

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NOTE 6 – EQUIPMENT (NET) Equipment is recorded at cost less accumulated depreciation. Depreciation is calculated using the straight-line method over an estimated useful life of three years. As of April 30, 2026, equipment (net) totaled $7,829. Depreciation expense for the six months ended April 30, 2026 totaled $2,722.

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NOTE 7 – RELATED PARTY TRANSACTIONS The Company may receive advances from its director and related parties to support working capital requirements, operating expenses, and public company compliance activities. During the six months ended April 30, 2026, the Company received additional advances from related parties totaling $16,927, a portion of which was used to fund offering-related activities and costs associated with DTC eligibility and public market compliance matters. As of April 30, 2026, outstanding short-term related-party advances totaled $500 and long-term related-party advances totaled $39,086. These advances are unsecured and non-interest bearing unless otherwise specified.

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NOTE 8 – NOTE RECEIVABLE – RELATED PARTY The Company holds a $50,000 note receivable from MUY HOUSE, a related party, arising from a partnership and advertising agreement. The note is non-interest-bearing and payable in full on October 30, 2026. <span id="xdx_900_eus-gaap--ProceedsFromCollectionOfNotesReceivable_do_c20251101__20260430__us-gaap--RelatedPartyTransactionAxis__custom--MuyHouseMember_zOW6xLgStINj" title="Proceeds from collection of note receivable">No payments had been received as of April 30, 2026. NOTE 9 – UNEARNED REVENUE Unearned revenue represents amounts received or contractually owed for services that have not yet been performed. As of April 30, 2026, the Company had approximately $16,719 of unearned revenue related to services that remain to be performed under existing agreements. Revenue will be recognized as performance obligations are satisfied.

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NOTE 9 – UNEARNED REVENUE Unearned revenue represents amounts received or contractually owed for services that have not yet been performed. As of April 30, 2026, the Company had approximately $16,719 of unearned revenue related to services that remain to be performed under existing agreements. Revenue will be recognized as performance obligations are satisfied.

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NOTE 10 – DEFERRED OFFERING COSTS Deferred offering costs consist primarily of legal, regulatory, market eligibility, and related public market preparation expenses incurred in connection with the Company’s anticipated public market activities. As of April 30, 2026, deferred offering costs totaled $20,000.

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NOTE 11 – LONG-TERM INVESTMENTS The Company continues to hold long-term investments totaling $87,500 related to immersive media development projects and strategic investments. Management evaluates these investments for impairment when events or changes in circumstances indicate that the carrying value may not be recoverable. No impairment was recorded during the current period.

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NOTE 12 – LONG-TERM BUSINESS LOAN The Company maintains a long-term business loan agreement with principal proceeds of $70,000. Interest accrues on the outstanding principal balance in accordance with the terms of the agreement. For the six months ended April 30, 2026, the Company recorded interest expense of $5,250, which was accrued and included in accrued interest payable. As of April 30, 2026, accrued interest payable totaled $13,125.

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NOTE 13 – INCOME TAXES The Company accounts for income taxes in accordance with ASC 740. The Company has generated net operating losses and has recorded a full valuation allowance against its deferred tax assets.

NOTE 14 – SUBSEQUENT EVENTS Management has evaluated subsequent events through the date the financial statements were available to be issued and determined that there were no events requiring adjustment or disclosure.

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