0001952670 2026-01-01 2026-06-30 0001952670 2026-06-30 0001952670 2026-08-12 0001952670 2025-12-31 0001952670 2026-04-01 2026-06-30 0001952670 2025-04-01 2025-06-30 0001952670 2025-01-01 2025-06-30 0001952670 us-gaap:CommonStockMember 2025-12-31 0001952670 us-gaap:AdditionalPaidInCapitalMember 2025-12-31 0001952670 us-gaap:RetainedEarningsMember 2025-12-31 0001952670 2026-01-01 2026-03-31 0001952670 us-gaap:CommonStockMember 2026-01-01 2026-03-31 0001952670 us-gaap:AdditionalPaidInCapitalMember 2026-01-01 2026-03-31 0001952670 us-gaap:RetainedEarningsMember 2026-01-01 2026-03-31 0001952670 2026-03-31 0001952670 us-gaap:CommonStockMember 2026-03-31 0001952670 us-gaap:AdditionalPaidInCapitalMember 2026-03-31 0001952670 us-gaap:RetainedEarningsMember 2026-03-31 0001952670 us-gaap:CommonStockMember 2026-04-01 2026-06-30 0001952670 us-gaap:AdditionalPaidInCapitalMember 2026-04-01 2026-06-30 0001952670 us-gaap:RetainedEarningsMember 2026-04-01 2026-06-30 0001952670 us-gaap:CommonStockMember 2026-06-30 0001952670 us-gaap:AdditionalPaidInCapitalMember 2026-06-30 0001952670 us-gaap:RetainedEarningsMember 2026-06-30 0001952670 2024-12-31 0001952670 us-gaap:CommonStockMember 2024-12-31 0001952670 us-gaap:AdditionalPaidInCapitalMember 2024-12-31 0001952670 us-gaap:RetainedEarningsMember 2024-12-31 0001952670 2025-01-01 2025-03-31 0001952670 us-gaap:CommonStockMember 2025-01-01 2025-03-31 0001952670 us-gaap:AdditionalPaidInCapitalMember 2025-01-01 2025-03-31 0001952670 us-gaap:RetainedEarningsMember 2025-01-01 2025-03-31 0001952670 2025-03-31 0001952670 us-gaap:CommonStockMember 2025-03-31 0001952670 us-gaap:AdditionalPaidInCapitalMember 2025-03-31 0001952670 us-gaap:RetainedEarningsMember 2025-03-31 0001952670 us-gaap:CommonStockMember 2025-04-01 2025-06-30 0001952670 us-gaap:AdditionalPaidInCapitalMember 2025-04-01 2025-06-30 0001952670 us-gaap:RetainedEarningsMember 2025-04-01 2025-06-30 0001952670 2025-06-30 0001952670 us-gaap:CommonStockMember 2025-06-30 0001952670 us-gaap:AdditionalPaidInCapitalMember 2025-06-30 0001952670 us-gaap:RetainedEarningsMember 2025-06-30 0001952670 fil:RentExpenseMember 2026-01-01 2026-06-30 0001952670 fil:RentExpenseMember 2025-01-01 2025-06-30 0001952670 fil:AccountingExpensesMember 2026-01-01 2026-06-30 0001952670 fil:AccountingExpensesMember 2025-01-01 2025-06-30 0001952670 fil:LegalAndProfessionalExpenseMember 2026-01-01 2026-06-30 0001952670 fil:LegalAndProfessionalExpenseMember 2025-01-01 2025-06-30 0001952670 fil:InsuranceExpensesMember 2026-01-01 2026-06-30 0001952670 fil:InsuranceExpensesMember 2025-01-01 2025-06-30 0001952670 fil:MarketingExpensesMember 2026-01-01 2026-06-30 0001952670 fil:MarketingExpensesMember 2025-01-01 2025-06-30 0001952670 fil:UtilitiesExpenseMember 2026-01-01 2026-06-30 0001952670 fil:UtilitiesExpenseMember 2025-01-01 2025-06-30 0001952670 fil:OfficeExpensesMember 2026-01-01 2026-06-30 0001952670 fil:OfficeExpensesMember 2025-01-01 2025-06-30 0001952670 fil:AdministrativeExpensesMember 2026-01-01 2026-06-30 0001952670 fil:AdministrativeExpensesMember 2025-01-01 2025-06-30 0001952670 srt:ChiefExecutiveOfficerMember 2026-06-30 0001952670 srt:ChiefExecutiveOfficerMember 2025-12-31 iso4217:USD shares iso4217:USD shares pure 0001952670 --12-31 false 2026 Q2 10-Q true 2026-06-30 false 333-286926 TV Channels Network Inc. NV 88-3851932 7582 Las Vegas Blvd. South Las Vegas NV 89123 702 721-9915 Yes Yes Non-accelerated Filer true true false false 44510910 69319 191 69319 191 5550 5550 109423 137866 184292 143607 398979 336207 70000 0 66713 63156 535692 399363 54791 89089 590483 488452 0 0 800000000 800000000 43753810 42581650 0 0 1100 1100 -407291 -345945 -406191 -344845 184292 143607 0 0 0 0 28666 27185 61346 52766 28666 27185 61346 52766 -28666 -27185 -61346 -52766 0 0 0 0 0 0 0 0 -28666 -27185 -61346 -52766 42581650 0 1100 -345945 -344845 630950 0 0 0 0 0 0 0 -32680 -32680 43212600 0 1100 -378625 -377525 541210 0 0 0 0 0 0 0 -28666 -28666 43753810 0 1100 -407291 -406191 40191850 0 1100 -213991 -212891 1178075 0 0 0 0 0 0 0 -25581 -25581 41369925 0 1100 -239572 -238472 211000 0 0 0 0 0 0 0 -27185 -27185 41580925 0 1100 -266757 -265657 -61346 -52766 -28443 26728 136329 53444 103426 -26050 0 25822 34298 0 -34298 25822 0 0 69128 -228 191 422 69319 194 <p style="font:10pt Times New Roman;margin:0"><b>1. Description of the Business</b></p> <p style="font:10pt Times New Roman;margin:0"> </p> <p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify">TV Channels Network Inc. (“the Company”/ “TVCN”) was established in August 2022 in Nevada.</p> <p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify">The TV Channels Network basic service is FREE. Users can sign up now to watch various movies. Agreements are currently signed to offer subscribers 350 National Live TV Cable Channels and around 40,000 movie titles once funding is completed. Live TV Channels will be offered as an upsell to users. Top-tier films from major studios will be available on the platform once funding needs are met. Plus, TV Channels Network intends to become the first streaming service to offer subscribers 100 Video Music Concert Channels. The Video on Demand Pay Per View side of the streaming platform is already built out. The Legends of Classic Soul concerts will be available as pay-per-view events. The Legends of Classic Soul features concerts by The Four Tops, The Chi-Lites, The Dramatics, The Whispers, The Dells, The Manhattans, Harold Melvin’s Blue Notes, The Main Ingredient featuring Cuba Gooding, The Temptations Review featuring Dennis Edwards, and R&amp;B groups.</p> <p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify">TV Channels Network intends to feature many rock and rap legends from PBS On Tour Concert series. On Tour recorded an unprecedented historic 151 artists live in concert in 1997 on video. Full length concerts were recorded on Sting, Meatloaf, Ozzy Osbourne, Lenny Kravitz, Busta Rhymes, Lou Reed, The Cure, Devo, Hot Tuna, Dennis Brown, Bad Religion, Joan Osborne, Goo Goo Dolls, Bruce Hornsby, Indigo Girls, Smashing Pumpkins, No Doubt, Common Sense, Vic Chestnutt, White Zombie, Big Mountain, A Tribe Called Quest, Tears For Fears, The Fugees and Cypress Hill are some of the many artists in this legendary concert series. TV Channels Network’s goal is to enter new current revenue-sharing agreements with every artist in this series once funding is completed.</p> <p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify">TV Channels Network helps fund and is a partner of World Class Pro Wrestling. World Class Pro Wrestling promotes live monthly events which sometimes feature various former and current WWE &amp; AWE wrestlers. Subscribers have full access to watch all the exciting wrestling action right now on TV Channels Network - TV Channels Network.</p> <p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify">TV Channels Network plans to compete with Amazon Prime Video, Apple’s Streaming Service, Disney+, HBO Max, Hulu, Peacock, Paramount+, Discovery, Netflix, YouTube, and others on the AVOD/TVOD (Streaming Video on Demand) market. In addition, the company intends to offer more affordable subscription prices. Access to Pay Per View Live Concert Events will be the first of its kind. TV Channels Network custom apps will be available on many devices.</p> <p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify">TVCN service will include Dynamic Ad Insertion. This will allow our company to generate revenue by inserting ads into live linear programming and video on demand content. The plan is to gain viewers with various marketing and social media campaigns.</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"><b>2. Summary of Significant Accounting Policies</b></p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"><b>2.1. Basis of Presentation</b></p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">The Company’s fiscal year ends on December 31.</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S.GAAP”) in all material respects and have been consistently applied in preparing the accompanying financial statements.</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"><b>2.2. Use of Estimates</b></p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">The preparation of financial statements in conformity with the U.S. generally accepted accounting principles 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 revenues and expenses during the reporting period. Actual results could differ from those estimates. Areas requiring significant estimates and assumptions by the Company include, but are not limited to fair value of financial instruments and the lease term.</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">Management evaluates the estimates and assumptions based on historical experience and believes those estimates and assumptions are reasonable based on the information available to them.</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"><b>2.3. Cash and cash equivalents</b></p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">The Company considers all balances with banks, short-term highly liquid investments with an original maturity date of purchase of three months or less to be cash equivalents.</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"><b>2.4. Software</b></p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">The Company is developing a website that manages the library of the movies and the customer subscriptions, any amount paid toward the development of the website is capitalized. During 2023, the software is tested for impairment and is carried at cost less impairment loss. The net carrying value of the software was $0 and there has been no change as of June 30, 2026. Further, there has not been any expenditure incurred as of June 30, 2026.</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"><b>2.5. Fair value of financial instruments</b></p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">We value our financial assets and liabilities on a recurring basis using the fair value hierarchy established in Accounting Standards Codification (“ASC”) 820, Fair Value Measurements and Disclosures.</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">ASC 820 describes three levels of inputs that may be used to measure fair value, as follows:</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">Level 1 input, which includes quoted prices in active markets for identical assets or liabilities.</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">Level 2 inputs, which include observable inputs other than Level 1 inputs, such as quoted prices for similar assets or liabilities; quoted prices for identical or similar assets or liabilities in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the asset or liability; and</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">Level 3 inputs, which include unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the underlying asset or liability. Level 3 assets and liabilities include those whose fair value measurements are determined using pricing models, discounted cash flow methodologies or similar valuation techniques, as well as significant management judgment or estimation.</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">The carrying amounts of cash and accounts payable approximate their fair value because of the short-term nature of these instruments.</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"><b>2.6. Income taxes</b></p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">The Company’s income tax benefit differs from the expected income tax benefit by applying the U.S. Federal statutory rate to net income (loss) as follows:</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">The Company recognizes deferred tax assets to the extent that it believes that these assets are more likely than not to be realized. In making such a determination, the Company considers all available positive and negative evidence, including future reversals of existing taxable temporary differences, projected future taxable income, tax-planning strategies, and results of recent operations. The Company’s ability to utilize net operating loss carryforwards will depend on its ability to generate adequate future taxable income. The Company assessed the need for a valuation allowance against its net deferred tax assets and determined that a full valuation allowance is required due to the cumulative losses through June 30, 2026 and December 31, 2025, and no history of generating taxable income; hence, deferred tax assets have not been recognized.</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"><b>2.7. Recent Accounting Pronouncements</b></p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">From time to time, new accounting pronouncements are issued by the Financial Accounting Standards Board or other standard-setting bodies that may have an impact on the Company’s accounting and reporting. The Company believes that such recently issued accounting pronouncements and other authoritative guidance for which the effective date is in the future either will not have an impact on its accounting or reporting or that such impact will not be material to its financial position, results of operations, and cash flows when implemented.</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"><span style="border-bottom:1px solid #000000">Recently Adopted Standards</span></p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"><i>ASU 2023-09 - Income Taxes (Topic 740): Improvements to Income Tax Disclosures</i></p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">In December 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. The ASU requires public business entities to disclose, on an annual basis, a rate reconciliation presented in both dollar amounts and percentages, with specific categories and further disaggregation of those categories based on a quantitative threshold equal to 5% or more of the amount determined by multiplying pre-tax income (loss) by the applicable statutory rate. The ASU also requires disclosure of income taxes paid disaggregated by federal, state, and foreign jurisdictions. The Company adopted ASU 2023-09 effective January 1, 2025 on a prospective basis. The adoption did not have a material impact on the Company’s financial statements.</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"><i>ASU 2023-07 - Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures</i></p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. The ASU requires public entities to disclose significant segment expenses that are regularly provided to the chief operating decision maker (“CODM”) and included within each reported measure of segment profit or loss, as well as other segment items and a description of its composition. The ASU also requires entities with a single reportable segment to provide all disclosures required under the standard. The Company adopted ASU 2023-07 effective January 1, 2025. The adoption had a financial statement disclosure impact only and did not have a material impact on the Company’s financial statements.</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"><span style="border-bottom:1px solid #000000">Recently Issued Standards Not Yet Adopted</span></p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"><i>ASU 2023-08 - Accounting for and Disclosure of Crypto Assets</i></p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">In December 2023, the FASB issued ASU 2023-08, Intangibles - Goodwill and Other - Crypto Assets (Subtopic 350-60): Accounting for and Disclosure of Crypto Assets. The ASU requires entities to subsequently measure qualifying crypto assets at fair value, with changes in fair value recognized in net income each reporting period. The ASU also establishes specific disclosure requirements, including information about significant crypto asset holdings, contractual sale restrictions, and changes in such holdings. The guidance applies to crypto assets that meet all of the following criteria:</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"><kbd style="position:absolute;font:10pt Symbol;margin-left:-18pt"><span style="font-family:Symbol">·</span></kbd>Meet the definition of intangible assets as defined in the ASC Master Glossary; </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"><kbd style="position:absolute;font:10pt Symbol;margin-left:-18pt"><span style="font-family:Symbol">·</span></kbd>Do not provide enforceable rights to or claims on underlying goods, services, or other assets; </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"><kbd style="position:absolute;font:10pt Symbol;margin-left:-18pt"><span style="font-family:Symbol">·</span></kbd>Are created or reside on a distributed ledger based on blockchain or similar technology; </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"><kbd style="position:absolute;font:10pt Symbol;margin-left:-18pt"><span style="font-family:Symbol">·</span></kbd>Are secured through cryptography; </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"><kbd style="position:absolute;font:10pt Symbol;margin-left:-18pt"><span style="font-family:Symbol">·</span></kbd>Are fungible; and </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"><kbd style="position:absolute;font:10pt Symbol;margin-left:-18pt"><span style="font-family:Symbol">·</span></kbd>Are not created or issued by the reporting entity or its related parties. </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">ASU 2023-08 is effective for fiscal years beginning after December 15, 2024, including interim periods within those fiscal years, with early adoption permitted. The Company does not currently hold any crypto assets. Accordingly, the adoption of ASU 2023-08 is not expected to have a material impact on the Company’s financial statements.</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"><i>ASU 2024-03 - Disaggregation of Income Statement Expenses</i></p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">In November 2025, the FASB issued ASU 2025-03, Income Statement — Reporting Comprehensive Income — Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses. The ASU requires public business entities to disclose, in the notes to financial statements, specified information about certain costs and expenses included in expense line items presented on the face of the income statement. The guidance is effective for annual reporting periods beginning after December 15, 2026, and interim periods beginning after December 15, 2027, with early adoption permitted. The Company is currently evaluating the impact of ASU 2025-03 on its consolidated financial statements and related disclosures.</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">  </p> <p style="font:10pt Times New Roman;margin:0"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"><i>ASU 2025-05 - Measurement of Credit Losses for Accounts Receivable and Contract Assets</i></p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">In July 2025, the FASB issued ASU 2025-05, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets: The ASU provides a practical expedient permitting entities to assume that conditions at the balance sheet date remain unchanged over the life of current accounts receivable and current contract assets when estimating expected credit losses. The guidance is effective for annual and interim reporting periods beginning after December 15, 2025, with early adoption permitted. The Company does not expect ASU 2025-05 to have a material impact on its financial statements.</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"><i>ASU 2025-06 - Targeted Improvements to the Accounting for Internal-Use Software</i></p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">In September 2025, the FASB issued ASU 2025-06, Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software: The ASU requires entities to begin capitalizing software development costs when management has authorized and committed to funding the software project and it is probable that the project will be completed and the software will be used to perform its intended function (the “probable-to-complete recognition threshold”). The amendments are effective for annual reporting periods beginning after December 15, 2027, with early adoption permitted. Entities may apply the amendments using a prospective, modified retrospective, or retrospective transition approach. The Company is currently evaluating the impact of ASU 2025-06 and will assess the impact upon adoption.</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"><i>ASU 2025-11 - Interim Reporting: Narrow-Scope Improvements</i></p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">In December 2025, the FASB issued ASU 2025-11, Interim Reporting (Topic 270): Narrow-Scope Improvements: The ASU requires entities to disclose events occurring since the end of the last annual reporting period that have a material impact on the entity. The amendments apply to all entities that present interim financial statements in accordance with GAAP. The guidance is effective for annual reporting periods beginning after December 15, 2027, and interim periods within those annual reporting periods, with early adoption permitted. The amendments may be applied either prospectively or retrospectively. The Company expects ASU 2025-11 to impact its disclosures only and does not expect it to affect its results of operations, financial condition or cash flows.</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"><b>2.8. General and Administrative Expenses</b></p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">General and administrative expenses consist of rent expense, legal and professional expenses, utilities expense, marketing expense, and other operating expenses for the six months ended June 30, 2026, and June 30, 2025. The detailed breakup of the same is as follows:</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <table style="margin:0 auto;border-collapse:collapse;width:99%"><tr><td valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> </td><td colspan="5" style="border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:center"><b>For the Six Months Ended June 30,</b></p> </td></tr> <tr><td valign="top"></td><td colspan="2" style="border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:center"><b>2026</b></p> </td><td style="border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:center"> </p> </td><td colspan="2" style="border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:center"><b>2025</b></p> </td></tr> <tr><td style="background-color:#DBE5F1" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:justify"><span style="border-bottom:1px solid #000000"><b>General and Administrative Expenses</b></span></p> </td><td colspan="2" style="background-color:#DBE5F1;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td colspan="2" style="background-color:#DBE5F1;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td></tr> <tr><td valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:justify">Rent Expense</p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">$</p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">33,560</p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">32,250</p> </td></tr> <tr><td style="background-color:#DBE5F1" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:justify">Accounting Fees</p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">3,100</p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">5,400</p> </td></tr> <tr><td valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:justify">Legal Fees</p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">16,250</p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">7,400</p> </td></tr> <tr><td style="background-color:#DBE5F1" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:justify">Insurance Expense</p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">1,618</p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">502</p> </td></tr> <tr><td valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:justify">Marketing Expense</p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">3,494</p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">2,197</p> </td></tr> <tr><td style="background-color:#DBE5F1" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:justify">Utilities Expense</p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">3,309</p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">1,792</p> </td></tr> <tr><td valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:justify">Office Expenses</p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">-</p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">1,090</p> </td></tr> <tr><td style="background-color:#DBE5F1" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:justify">Administrative Fees</p> </td><td style="background-color:#DBE5F1;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">15</p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">2,135</p> </td></tr> <tr><td valign="top"><p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"><b>Total General and Administrative Expenses</b></p> </td><td style="border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">$</p> </td><td style="border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">61,346</p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">$</p> </td><td style="border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">52,766</p> </td></tr> </table> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"><b>2.9. Lease</b></p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">The Company accounts for its leases under ASC 842, Leases. Under this guidance, arrangements meeting the definition of a lease are classified as operating or financing leases, and are recorded on the consolidated balance sheet as both a right of use asset and lease liability, calculated by discounting fixed lease payments over the lease term at the rate implicit in the lease or the Company’s incremental borrowing rate. Lease liabilities are increased by interest and reduced by payments each period, and the right of use asset is amortized over the lease term. For operating leases, interest on the lease liability and the amortization of the right of use asset result in straight-line rent expense over the lease term. For finance leases, interest on the lease liability and the amortization of the right of use asset results in front-loaded expense over the lease term. Variable lease expenses are recorded when incurred.</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">In calculating the right of use asset and lease liability, the Company has elected not to combine lease and non-lease components. The non-lease components are accounted for separately and recognized as expenses when incurred. The Company excludes short-term leases having initial terms of 12 months or less from the new guidance as an accounting policy election, and recognizes rent expense on a straight-line basis over the lease term.</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">The rent expense for the operating leases of the company is $33,560 and $32,250 for the six months ended June 30, 2026 and 2025 respectively, which are recognized in the General and Administrative Expenses.</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">Supplemental balance sheet information related to leases are as follows:</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <table style="margin:0 auto;border-collapse:collapse;width:99%"><tr><td style="width:260.35pt" valign="top"></td><td colspan="2" style="width:95.25pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:center"><b>June 30,</b></p> <p style="font:10pt Times New Roman;margin:0;text-align:center"><b>2026</b></p> </td><td style="width:13.9pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:center"> </p> </td><td colspan="2" style="width:93.8pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:center"><b>December 31,</b></p> <p style="font:10pt Times New Roman;margin:0;text-align:center"><b>2025</b></p> </td></tr> <tr><td style="background-color:#DBE5F1;width:260.35pt" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:justify"><span style="border-bottom:1px solid #000000"><b>Operating Leases</b></span></p> </td><td colspan="2" style="background-color:#DBE5F1;width:95.25pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1;width:13.9pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td colspan="2" style="background-color:#DBE5F1;width:93.8pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td></tr> <tr><td style="width:260.35pt" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:justify">Right-of-Use Assets</p> </td><td style="width:19.2pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">$</p> </td><td style="width:76.05pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">109,423</p> </td><td style="width:13.9pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:20.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">$</p> </td><td style="width:73.3pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">137,866</p> </td></tr> <tr><td style="background-color:#DBE5F1;width:260.35pt" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> </td><td style="background-color:#DBE5F1;width:19.2pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1;width:76.05pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1;width:13.9pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1;width:20.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1;width:73.3pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td></tr> <tr><td style="width:260.35pt" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:justify">Short-term Lease Liabilities</p> </td><td style="width:19.2pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:76.05pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">66,713</p> </td><td style="width:13.9pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:20.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:73.3pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">63,156</p> </td></tr> <tr><td style="background-color:#DBE5F1;width:260.35pt" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:justify">Long-term Lease Liabilities</p> </td><td style="background-color:#DBE5F1;width:19.2pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1;width:76.05pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">54,791</p> </td><td style="background-color:#DBE5F1;width:13.9pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1;width:20.5pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1;width:73.3pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">89,089</p> </td></tr> <tr><td style="width:260.35pt" valign="top"><p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"><b>Total Lease Liabilities</b></p> </td><td style="width:19.2pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">$</p> </td><td style="width:76.05pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">121,504</p> </td><td style="width:13.9pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:20.5pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">$</p> </td><td style="width:73.3pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">152,245</p> </td></tr> <tr><td style="background-color:#DBE5F1;width:260.35pt" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> </td><td style="background-color:#DBE5F1;width:19.2pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1;width:76.05pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1;width:13.9pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1;width:20.5pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1;width:73.3pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td></tr> <tr><td style="width:260.35pt" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:justify">Weighted Average Remaining Lease Term (in years)</p> </td><td style="width:19.2pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:76.05pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">1.83</p> </td><td style="width:13.9pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:20.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:73.3pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">2.25</p> </td></tr> <tr><td style="background-color:#DBE5F1;width:260.35pt" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> </td><td style="background-color:#DBE5F1;width:19.2pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1;width:76.05pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1;width:13.9pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1;width:20.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1;width:73.3pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td></tr> <tr><td style="width:260.35pt" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:justify">Weighted Average Discount Rate</p> </td><td style="width:19.2pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:76.05pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">8.00%</p> </td><td style="width:13.9pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:20.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:73.3pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">8.00%</p> </td></tr> </table> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"><b>2.10 Comprehensive Loss</b></p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">Comprehensive loss includes net loss as well as other changes in stockholders’ equity that result from transactions and economic events other than those with stockholders. There was no difference between net loss and comprehensive loss presented in the consolidated financial statements for the three months ended June 30, 2026 and 2025.</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"><b>2.11 Segment Reporting</b></p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">In accordance with Accounting Standards Codification (“ASC”) 280, Segment Reporting (“ASC 280”), we identify our operating segments according to how our business activities are managed and evaluated. ASC 280 establishes standards for companies to report financial statement information about operating segments, products, services, geographic areas, and major customers. Operating segments are defined as components of an enterprise for which separate financial information is available that is regularly evaluated by the Company’s chief operating decision maker (“CODM”), or group, in deciding how to allocate resources and assess performance.</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">The CODM has been identified as the Chief Executive Officer, who reviews the operating results for the Company as a whole to make decisions about allocating resources and assessing financial performance. Accordingly, management has determined that the Company only has one operating and reportable segment.</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">The key measures of segment profit or loss reviewed by our CODM are operating costs. These metrics are reviewed and monitored by the CODM to manage and forecast cash. The CODM reviews operating costs to manage, maintain and enforce all contractual agreements to ensure costs are aligned with all agreements and budget. The following table presents selected financial information with respect to the Company’s single operating segment for the six months ended June 30, 2026 and 2025:</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">  </p> <p style="font:10pt Times New Roman;margin:0"> </p> <p style="font:10pt Times New Roman;margin:0"> </p> <table style="margin:0 auto;border-collapse:collapse;width:99%"><tr><td valign="top"><p style="font:10pt Times New Roman;margin:0"> </p> </td><td colspan="5" style="border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:center"><b>Six Months Ended June 30,</b></p> </td></tr> <tr><td valign="top"></td><td colspan="2" style="border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:center"><b>2026</b></p> </td><td style="border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:center"> </p> </td><td colspan="2" style="border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:center"><b>2025</b></p> </td></tr> <tr><td style="background-color:#DBE5F1" valign="top"><p style="font:10pt Times New Roman;margin:0">Net revenue</p> </td><td style="background-color:#DBE5F1;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">$</p> </td><td style="background-color:#DBE5F1;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">$</p> </td><td style="background-color:#DBE5F1;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">-</p> </td></tr> <tr><td valign="top"><p style="font:10pt Times New Roman;margin:0"> </p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td></tr> <tr><td style="background-color:#DBE5F1" valign="top"><p style="font:10pt Times New Roman;margin:0">Operating expenses:</p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td></tr> <tr><td valign="top"><p style="font:10pt Times New Roman;margin:0;margin-left:9pt">General and administrative</p> </td><td style="border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="border-bottom:0.5pt solid #000000" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:right">61,346</p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="border-bottom:0.5pt solid #000000" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:right">52,766</p> </td></tr> <tr><td style="background-color:#DBE5F1" valign="top"><p style="font:10pt Times New Roman;margin:0">Total operating expenses</p> </td><td style="background-color:#DBE5F1;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:right">61,346</p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:right">52,766</p> </td></tr> <tr><td valign="top"><p style="font:10pt Times New Roman;margin:0"> </p> </td><td style="border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="border-top:0.5pt solid #000000" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="border-top:0.5pt solid #000000" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td></tr> <tr><td style="background-color:#DBE5F1" valign="top"><p style="font:10pt Times New Roman;margin:0">Loss from operations</p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:right">(61,346)</p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:right">(52,766)</p> </td></tr> <tr><td valign="top"><p style="font:10pt Times New Roman;margin:0"> </p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td></tr> <tr><td style="background-color:#DBE5F1" valign="top"><p style="font:10pt Times New Roman;margin:0">Other expenses</p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td></tr> <tr><td valign="top"><p style="font:10pt Times New Roman;margin:0;margin-left:9pt">Impairment Loss</p> </td><td style="border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="border-bottom:0.5pt solid #000000" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:right">-</p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="border-bottom:0.5pt solid #000000" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:right">-</p> </td></tr> <tr><td style="background-color:#DBE5F1" valign="top"><p style="font:10pt Times New Roman;margin:0">Total other expenses</p> </td><td style="background-color:#DBE5F1;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:right">-</p> </td></tr> <tr><td valign="top"><p style="font:10pt Times New Roman;margin:0"> </p> </td><td style="border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="border-top:0.5pt solid #000000" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="border-top:0.5pt solid #000000" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td></tr> <tr><td style="background-color:#DBE5F1" valign="top"><p style="font:10pt Times New Roman;margin:0">Net loss</p> </td><td style="background-color:#DBE5F1;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">$</p> </td><td style="background-color:#DBE5F1;border-bottom:3px double #000000" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:right">(61,346)</p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">$</p> </td><td style="background-color:#DBE5F1;border-bottom:3px double #000000" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:right">(52,766)</p> </td></tr> </table> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"><b>2.12 Net Loss per Share</b></p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">Net loss per share is calculated by dividing the net loss by the weighted-average number of common shares outstanding during the period, excluding shares subject to redemption or forfeiture. The Company presents both basic and diluted net loss per share. Diluted net loss per share reflects the actual weighted average number of common shares issued and outstanding during the period, adjusted for potentially dilutive securities outstanding.</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">Potentially dilutive securities are excluded from the calculation of diluted net loss per share if their inclusion would be anti-dilutive. As there are no potentially dilutive securities as of June 30, 2026 and 2025, the diluted net loss per share is the same as basic net loss per share for both periods.</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"><b>2.1. Basis of Presentation</b></p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">The Company’s fiscal year ends on December 31.</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S.GAAP”) in all material respects and have been consistently applied in preparing the accompanying financial statements.</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"><b>2.2. Use of Estimates</b></p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">The preparation of financial statements in conformity with the U.S. generally accepted accounting principles 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 revenues and expenses during the reporting period. Actual results could differ from those estimates. Areas requiring significant estimates and assumptions by the Company include, but are not limited to fair value of financial instruments and the lease term.</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">Management evaluates the estimates and assumptions based on historical experience and believes those estimates and assumptions are reasonable based on the information available to them.</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"><b>2.3. Cash and cash equivalents</b></p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">The Company considers all balances with banks, short-term highly liquid investments with an original maturity date of purchase of three months or less to be cash equivalents.</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"><b>2.4. Software</b></p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">The Company is developing a website that manages the library of the movies and the customer subscriptions, any amount paid toward the development of the website is capitalized. During 2023, the software is tested for impairment and is carried at cost less impairment loss. The net carrying value of the software was $0 and there has been no change as of June 30, 2026. Further, there has not been any expenditure incurred as of June 30, 2026.</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"><b>2.5. Fair value of financial instruments</b></p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">We value our financial assets and liabilities on a recurring basis using the fair value hierarchy established in Accounting Standards Codification (“ASC”) 820, Fair Value Measurements and Disclosures.</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">ASC 820 describes three levels of inputs that may be used to measure fair value, as follows:</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">Level 1 input, which includes quoted prices in active markets for identical assets or liabilities.</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">Level 2 inputs, which include observable inputs other than Level 1 inputs, such as quoted prices for similar assets or liabilities; quoted prices for identical or similar assets or liabilities in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the asset or liability; and</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">Level 3 inputs, which include unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the underlying asset or liability. Level 3 assets and liabilities include those whose fair value measurements are determined using pricing models, discounted cash flow methodologies or similar valuation techniques, as well as significant management judgment or estimation.</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">The carrying amounts of cash and accounts payable approximate their fair value because of the short-term nature of these instruments.</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"><b>2.6. Income taxes</b></p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">The Company’s income tax benefit differs from the expected income tax benefit by applying the U.S. Federal statutory rate to net income (loss) as follows:</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">The Company recognizes deferred tax assets to the extent that it believes that these assets are more likely than not to be realized. In making such a determination, the Company considers all available positive and negative evidence, including future reversals of existing taxable temporary differences, projected future taxable income, tax-planning strategies, and results of recent operations. The Company’s ability to utilize net operating loss carryforwards will depend on its ability to generate adequate future taxable income. The Company assessed the need for a valuation allowance against its net deferred tax assets and determined that a full valuation allowance is required due to the cumulative losses through June 30, 2026 and December 31, 2025, and no history of generating taxable income; hence, deferred tax assets have not been recognized.</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"><b>2.7. Recent Accounting Pronouncements</b></p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">From time to time, new accounting pronouncements are issued by the Financial Accounting Standards Board or other standard-setting bodies that may have an impact on the Company’s accounting and reporting. The Company believes that such recently issued accounting pronouncements and other authoritative guidance for which the effective date is in the future either will not have an impact on its accounting or reporting or that such impact will not be material to its financial position, results of operations, and cash flows when implemented.</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"><span style="border-bottom:1px solid #000000">Recently Adopted Standards</span></p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"><i>ASU 2023-09 - Income Taxes (Topic 740): Improvements to Income Tax Disclosures</i></p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">In December 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. The ASU requires public business entities to disclose, on an annual basis, a rate reconciliation presented in both dollar amounts and percentages, with specific categories and further disaggregation of those categories based on a quantitative threshold equal to 5% or more of the amount determined by multiplying pre-tax income (loss) by the applicable statutory rate. The ASU also requires disclosure of income taxes paid disaggregated by federal, state, and foreign jurisdictions. The Company adopted ASU 2023-09 effective January 1, 2025 on a prospective basis. The adoption did not have a material impact on the Company’s financial statements.</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"><i>ASU 2023-07 - Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures</i></p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. The ASU requires public entities to disclose significant segment expenses that are regularly provided to the chief operating decision maker (“CODM”) and included within each reported measure of segment profit or loss, as well as other segment items and a description of its composition. The ASU also requires entities with a single reportable segment to provide all disclosures required under the standard. The Company adopted ASU 2023-07 effective January 1, 2025. The adoption had a financial statement disclosure impact only and did not have a material impact on the Company’s financial statements.</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"><span style="border-bottom:1px solid #000000">Recently Issued Standards Not Yet Adopted</span></p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"><i>ASU 2023-08 - Accounting for and Disclosure of Crypto Assets</i></p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">In December 2023, the FASB issued ASU 2023-08, Intangibles - Goodwill and Other - Crypto Assets (Subtopic 350-60): Accounting for and Disclosure of Crypto Assets. The ASU requires entities to subsequently measure qualifying crypto assets at fair value, with changes in fair value recognized in net income each reporting period. The ASU also establishes specific disclosure requirements, including information about significant crypto asset holdings, contractual sale restrictions, and changes in such holdings. The guidance applies to crypto assets that meet all of the following criteria:</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"><kbd style="position:absolute;font:10pt Symbol;margin-left:-18pt"><span style="font-family:Symbol">·</span></kbd>Meet the definition of intangible assets as defined in the ASC Master Glossary; </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"><kbd style="position:absolute;font:10pt Symbol;margin-left:-18pt"><span style="font-family:Symbol">·</span></kbd>Do not provide enforceable rights to or claims on underlying goods, services, or other assets; </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"><kbd style="position:absolute;font:10pt Symbol;margin-left:-18pt"><span style="font-family:Symbol">·</span></kbd>Are created or reside on a distributed ledger based on blockchain or similar technology; </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"><kbd style="position:absolute;font:10pt Symbol;margin-left:-18pt"><span style="font-family:Symbol">·</span></kbd>Are secured through cryptography; </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"><kbd style="position:absolute;font:10pt Symbol;margin-left:-18pt"><span style="font-family:Symbol">·</span></kbd>Are fungible; and </p> <p style="font:10pt Times New Roman;margin:0;margin-left:36pt;text-align:justify"><kbd style="position:absolute;font:10pt Symbol;margin-left:-18pt"><span style="font-family:Symbol">·</span></kbd>Are not created or issued by the reporting entity or its related parties. </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">ASU 2023-08 is effective for fiscal years beginning after December 15, 2024, including interim periods within those fiscal years, with early adoption permitted. The Company does not currently hold any crypto assets. Accordingly, the adoption of ASU 2023-08 is not expected to have a material impact on the Company’s financial statements.</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"><i>ASU 2024-03 - Disaggregation of Income Statement Expenses</i></p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">In November 2025, the FASB issued ASU 2025-03, Income Statement — Reporting Comprehensive Income — Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses. The ASU requires public business entities to disclose, in the notes to financial statements, specified information about certain costs and expenses included in expense line items presented on the face of the income statement. The guidance is effective for annual reporting periods beginning after December 15, 2026, and interim periods beginning after December 15, 2027, with early adoption permitted. The Company is currently evaluating the impact of ASU 2025-03 on its consolidated financial statements and related disclosures.</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">  </p> <p style="font:10pt Times New Roman;margin:0"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"><i>ASU 2025-05 - Measurement of Credit Losses for Accounts Receivable and Contract Assets</i></p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">In July 2025, the FASB issued ASU 2025-05, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets: The ASU provides a practical expedient permitting entities to assume that conditions at the balance sheet date remain unchanged over the life of current accounts receivable and current contract assets when estimating expected credit losses. The guidance is effective for annual and interim reporting periods beginning after December 15, 2025, with early adoption permitted. The Company does not expect ASU 2025-05 to have a material impact on its financial statements.</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"><i>ASU 2025-06 - Targeted Improvements to the Accounting for Internal-Use Software</i></p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">In September 2025, the FASB issued ASU 2025-06, Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software: The ASU requires entities to begin capitalizing software development costs when management has authorized and committed to funding the software project and it is probable that the project will be completed and the software will be used to perform its intended function (the “probable-to-complete recognition threshold”). The amendments are effective for annual reporting periods beginning after December 15, 2027, with early adoption permitted. Entities may apply the amendments using a prospective, modified retrospective, or retrospective transition approach. The Company is currently evaluating the impact of ASU 2025-06 and will assess the impact upon adoption.</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"><i>ASU 2025-11 - Interim Reporting: Narrow-Scope Improvements</i></p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">In December 2025, the FASB issued ASU 2025-11, Interim Reporting (Topic 270): Narrow-Scope Improvements: The ASU requires entities to disclose events occurring since the end of the last annual reporting period that have a material impact on the entity. The amendments apply to all entities that present interim financial statements in accordance with GAAP. The guidance is effective for annual reporting periods beginning after December 15, 2027, and interim periods within those annual reporting periods, with early adoption permitted. The amendments may be applied either prospectively or retrospectively. The Company expects ASU 2025-11 to impact its disclosures only and does not expect it to affect its results of operations, financial condition or cash flows.</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"><b>2.8. General and Administrative Expenses</b></p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">General and administrative expenses consist of rent expense, legal and professional expenses, utilities expense, marketing expense, and other operating expenses for the six months ended June 30, 2026, and June 30, 2025. The detailed breakup of the same is as follows:</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <table style="margin:0 auto;border-collapse:collapse;width:99%"><tr><td valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> </td><td colspan="5" style="border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:center"><b>For the Six Months Ended June 30,</b></p> </td></tr> <tr><td valign="top"></td><td colspan="2" style="border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:center"><b>2026</b></p> </td><td style="border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:center"> </p> </td><td colspan="2" style="border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:center"><b>2025</b></p> </td></tr> <tr><td style="background-color:#DBE5F1" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:justify"><span style="border-bottom:1px solid #000000"><b>General and Administrative Expenses</b></span></p> </td><td colspan="2" style="background-color:#DBE5F1;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td colspan="2" style="background-color:#DBE5F1;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td></tr> <tr><td valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:justify">Rent Expense</p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">$</p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">33,560</p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">32,250</p> </td></tr> <tr><td style="background-color:#DBE5F1" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:justify">Accounting Fees</p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">3,100</p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">5,400</p> </td></tr> <tr><td valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:justify">Legal Fees</p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">16,250</p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">7,400</p> </td></tr> <tr><td style="background-color:#DBE5F1" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:justify">Insurance Expense</p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">1,618</p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">502</p> </td></tr> <tr><td valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:justify">Marketing Expense</p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">3,494</p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">2,197</p> </td></tr> <tr><td style="background-color:#DBE5F1" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:justify">Utilities Expense</p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">3,309</p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">1,792</p> </td></tr> <tr><td valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:justify">Office Expenses</p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">-</p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">1,090</p> </td></tr> <tr><td style="background-color:#DBE5F1" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:justify">Administrative Fees</p> </td><td style="background-color:#DBE5F1;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">15</p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">2,135</p> </td></tr> <tr><td valign="top"><p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"><b>Total General and Administrative Expenses</b></p> </td><td style="border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">$</p> </td><td style="border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">61,346</p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">$</p> </td><td style="border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">52,766</p> </td></tr> </table> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <table style="margin:0 auto;border-collapse:collapse;width:99%"><tr><td valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> </td><td colspan="5" style="border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:center"><b>For the Six Months Ended June 30,</b></p> </td></tr> <tr><td valign="top"></td><td colspan="2" style="border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:center"><b>2026</b></p> </td><td style="border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:center"> </p> </td><td colspan="2" style="border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:center"><b>2025</b></p> </td></tr> <tr><td style="background-color:#DBE5F1" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:justify"><span style="border-bottom:1px solid #000000"><b>General and Administrative Expenses</b></span></p> </td><td colspan="2" style="background-color:#DBE5F1;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td colspan="2" style="background-color:#DBE5F1;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td></tr> <tr><td valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:justify">Rent Expense</p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">$</p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">33,560</p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">32,250</p> </td></tr> <tr><td style="background-color:#DBE5F1" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:justify">Accounting Fees</p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">3,100</p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">5,400</p> </td></tr> <tr><td valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:justify">Legal Fees</p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">16,250</p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">7,400</p> </td></tr> <tr><td style="background-color:#DBE5F1" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:justify">Insurance Expense</p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">1,618</p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">502</p> </td></tr> <tr><td valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:justify">Marketing Expense</p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">3,494</p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">2,197</p> </td></tr> <tr><td style="background-color:#DBE5F1" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:justify">Utilities Expense</p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">3,309</p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">1,792</p> </td></tr> <tr><td valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:justify">Office Expenses</p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">-</p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">1,090</p> </td></tr> <tr><td style="background-color:#DBE5F1" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:justify">Administrative Fees</p> </td><td style="background-color:#DBE5F1;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">15</p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">2,135</p> </td></tr> <tr><td valign="top"><p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"><b>Total General and Administrative Expenses</b></p> </td><td style="border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">$</p> </td><td style="border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">61,346</p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">$</p> </td><td style="border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">52,766</p> </td></tr> </table> 33560 32250 3100 5400 16250 7400 1618 502 3494 2197 3309 1792 0 1090 15 2135 61346 52766 <p style="font:10pt Times New Roman;margin:0;text-align:justify"><b>2.9. Lease</b></p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">The Company accounts for its leases under ASC 842, Leases. Under this guidance, arrangements meeting the definition of a lease are classified as operating or financing leases, and are recorded on the consolidated balance sheet as both a right of use asset and lease liability, calculated by discounting fixed lease payments over the lease term at the rate implicit in the lease or the Company’s incremental borrowing rate. Lease liabilities are increased by interest and reduced by payments each period, and the right of use asset is amortized over the lease term. For operating leases, interest on the lease liability and the amortization of the right of use asset result in straight-line rent expense over the lease term. For finance leases, interest on the lease liability and the amortization of the right of use asset results in front-loaded expense over the lease term. Variable lease expenses are recorded when incurred.</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">In calculating the right of use asset and lease liability, the Company has elected not to combine lease and non-lease components. The non-lease components are accounted for separately and recognized as expenses when incurred. The Company excludes short-term leases having initial terms of 12 months or less from the new guidance as an accounting policy election, and recognizes rent expense on a straight-line basis over the lease term.</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">The rent expense for the operating leases of the company is $33,560 and $32,250 for the six months ended June 30, 2026 and 2025 respectively, which are recognized in the General and Administrative Expenses.</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">Supplemental balance sheet information related to leases are as follows:</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <table style="margin:0 auto;border-collapse:collapse;width:99%"><tr><td style="width:260.35pt" valign="top"></td><td colspan="2" style="width:95.25pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:center"><b>June 30,</b></p> <p style="font:10pt Times New Roman;margin:0;text-align:center"><b>2026</b></p> </td><td style="width:13.9pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:center"> </p> </td><td colspan="2" style="width:93.8pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:center"><b>December 31,</b></p> <p style="font:10pt Times New Roman;margin:0;text-align:center"><b>2025</b></p> </td></tr> <tr><td style="background-color:#DBE5F1;width:260.35pt" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:justify"><span style="border-bottom:1px solid #000000"><b>Operating Leases</b></span></p> </td><td colspan="2" style="background-color:#DBE5F1;width:95.25pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1;width:13.9pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td colspan="2" style="background-color:#DBE5F1;width:93.8pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td></tr> <tr><td style="width:260.35pt" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:justify">Right-of-Use Assets</p> </td><td style="width:19.2pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">$</p> </td><td style="width:76.05pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">109,423</p> </td><td style="width:13.9pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:20.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">$</p> </td><td style="width:73.3pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">137,866</p> </td></tr> <tr><td style="background-color:#DBE5F1;width:260.35pt" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> </td><td style="background-color:#DBE5F1;width:19.2pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1;width:76.05pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1;width:13.9pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1;width:20.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1;width:73.3pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td></tr> <tr><td style="width:260.35pt" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:justify">Short-term Lease Liabilities</p> </td><td style="width:19.2pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:76.05pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">66,713</p> </td><td style="width:13.9pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:20.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:73.3pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">63,156</p> </td></tr> <tr><td style="background-color:#DBE5F1;width:260.35pt" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:justify">Long-term Lease Liabilities</p> </td><td style="background-color:#DBE5F1;width:19.2pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1;width:76.05pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">54,791</p> </td><td style="background-color:#DBE5F1;width:13.9pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1;width:20.5pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1;width:73.3pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">89,089</p> </td></tr> <tr><td style="width:260.35pt" valign="top"><p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"><b>Total Lease Liabilities</b></p> </td><td style="width:19.2pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">$</p> </td><td style="width:76.05pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">121,504</p> </td><td style="width:13.9pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:20.5pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">$</p> </td><td style="width:73.3pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">152,245</p> </td></tr> <tr><td style="background-color:#DBE5F1;width:260.35pt" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> </td><td style="background-color:#DBE5F1;width:19.2pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1;width:76.05pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1;width:13.9pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1;width:20.5pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1;width:73.3pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td></tr> <tr><td style="width:260.35pt" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:justify">Weighted Average Remaining Lease Term (in years)</p> </td><td style="width:19.2pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:76.05pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">1.83</p> </td><td style="width:13.9pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:20.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:73.3pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">2.25</p> </td></tr> <tr><td style="background-color:#DBE5F1;width:260.35pt" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> </td><td style="background-color:#DBE5F1;width:19.2pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1;width:76.05pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1;width:13.9pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1;width:20.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1;width:73.3pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td></tr> <tr><td style="width:260.35pt" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:justify">Weighted Average Discount Rate</p> </td><td style="width:19.2pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:76.05pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">8.00%</p> </td><td style="width:13.9pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:20.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:73.3pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">8.00%</p> </td></tr> </table> 33560 32250 <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <table style="margin:0 auto;border-collapse:collapse;width:99%"><tr><td style="width:260.35pt" valign="top"></td><td colspan="2" style="width:95.25pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:center"><b>June 30,</b></p> <p style="font:10pt Times New Roman;margin:0;text-align:center"><b>2026</b></p> </td><td style="width:13.9pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:center"> </p> </td><td colspan="2" style="width:93.8pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:center"><b>December 31,</b></p> <p style="font:10pt Times New Roman;margin:0;text-align:center"><b>2025</b></p> </td></tr> <tr><td style="background-color:#DBE5F1;width:260.35pt" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:justify"><span style="border-bottom:1px solid #000000"><b>Operating Leases</b></span></p> </td><td colspan="2" style="background-color:#DBE5F1;width:95.25pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1;width:13.9pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td colspan="2" style="background-color:#DBE5F1;width:93.8pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td></tr> <tr><td style="width:260.35pt" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:justify">Right-of-Use Assets</p> </td><td style="width:19.2pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">$</p> </td><td style="width:76.05pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">109,423</p> </td><td style="width:13.9pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:20.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">$</p> </td><td style="width:73.3pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">137,866</p> </td></tr> <tr><td style="background-color:#DBE5F1;width:260.35pt" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> </td><td style="background-color:#DBE5F1;width:19.2pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1;width:76.05pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1;width:13.9pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1;width:20.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1;width:73.3pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td></tr> <tr><td style="width:260.35pt" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:justify">Short-term Lease Liabilities</p> </td><td style="width:19.2pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:76.05pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">66,713</p> </td><td style="width:13.9pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:20.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:73.3pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">63,156</p> </td></tr> <tr><td style="background-color:#DBE5F1;width:260.35pt" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:justify">Long-term Lease Liabilities</p> </td><td style="background-color:#DBE5F1;width:19.2pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1;width:76.05pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">54,791</p> </td><td style="background-color:#DBE5F1;width:13.9pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1;width:20.5pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1;width:73.3pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">89,089</p> </td></tr> <tr><td style="width:260.35pt" valign="top"><p style="font:10pt Times New Roman;margin:0;margin-left:18pt;text-align:justify"><b>Total Lease Liabilities</b></p> </td><td style="width:19.2pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">$</p> </td><td style="width:76.05pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">121,504</p> </td><td style="width:13.9pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:20.5pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">$</p> </td><td style="width:73.3pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">152,245</p> </td></tr> <tr><td style="background-color:#DBE5F1;width:260.35pt" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> </td><td style="background-color:#DBE5F1;width:19.2pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1;width:76.05pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1;width:13.9pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1;width:20.5pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1;width:73.3pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td></tr> <tr><td style="width:260.35pt" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:justify">Weighted Average Remaining Lease Term (in years)</p> </td><td style="width:19.2pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:76.05pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">1.83</p> </td><td style="width:13.9pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:20.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:73.3pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">2.25</p> </td></tr> <tr><td style="background-color:#DBE5F1;width:260.35pt" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> </td><td style="background-color:#DBE5F1;width:19.2pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1;width:76.05pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1;width:13.9pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1;width:20.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1;width:73.3pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td></tr> <tr><td style="width:260.35pt" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:justify">Weighted Average Discount Rate</p> </td><td style="width:19.2pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:76.05pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">8.00%</p> </td><td style="width:13.9pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:20.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="width:73.3pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">8.00%</p> </td></tr> </table> 109423 137866 66713 63156 54791 89089 121504 152245 0.08 0.08 <p style="font:10pt Times New Roman;margin:0;text-align:justify"><b>2.10 Comprehensive Loss</b></p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">Comprehensive loss includes net loss as well as other changes in stockholders’ equity that result from transactions and economic events other than those with stockholders. There was no difference between net loss and comprehensive loss presented in the consolidated financial statements for the three months ended June 30, 2026 and 2025.</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"><b>2.11 Segment Reporting</b></p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">In accordance with Accounting Standards Codification (“ASC”) 280, Segment Reporting (“ASC 280”), we identify our operating segments according to how our business activities are managed and evaluated. ASC 280 establishes standards for companies to report financial statement information about operating segments, products, services, geographic areas, and major customers. Operating segments are defined as components of an enterprise for which separate financial information is available that is regularly evaluated by the Company’s chief operating decision maker (“CODM”), or group, in deciding how to allocate resources and assess performance.</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">The CODM has been identified as the Chief Executive Officer, who reviews the operating results for the Company as a whole to make decisions about allocating resources and assessing financial performance. Accordingly, management has determined that the Company only has one operating and reportable segment.</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">The key measures of segment profit or loss reviewed by our CODM are operating costs. These metrics are reviewed and monitored by the CODM to manage and forecast cash. The CODM reviews operating costs to manage, maintain and enforce all contractual agreements to ensure costs are aligned with all agreements and budget. The following table presents selected financial information with respect to the Company’s single operating segment for the six months ended June 30, 2026 and 2025:</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">  </p> <p style="font:10pt Times New Roman;margin:0"> </p> <p style="font:10pt Times New Roman;margin:0"> </p> <table style="margin:0 auto;border-collapse:collapse;width:99%"><tr><td valign="top"><p style="font:10pt Times New Roman;margin:0"> </p> </td><td colspan="5" style="border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:center"><b>Six Months Ended June 30,</b></p> </td></tr> <tr><td valign="top"></td><td colspan="2" style="border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:center"><b>2026</b></p> </td><td style="border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:center"> </p> </td><td colspan="2" style="border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:center"><b>2025</b></p> </td></tr> <tr><td style="background-color:#DBE5F1" valign="top"><p style="font:10pt Times New Roman;margin:0">Net revenue</p> </td><td style="background-color:#DBE5F1;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">$</p> </td><td style="background-color:#DBE5F1;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">$</p> </td><td style="background-color:#DBE5F1;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">-</p> </td></tr> <tr><td valign="top"><p style="font:10pt Times New Roman;margin:0"> </p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td></tr> <tr><td style="background-color:#DBE5F1" valign="top"><p style="font:10pt Times New Roman;margin:0">Operating expenses:</p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td></tr> <tr><td valign="top"><p style="font:10pt Times New Roman;margin:0;margin-left:9pt">General and administrative</p> </td><td style="border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="border-bottom:0.5pt solid #000000" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:right">61,346</p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="border-bottom:0.5pt solid #000000" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:right">52,766</p> </td></tr> <tr><td style="background-color:#DBE5F1" valign="top"><p style="font:10pt Times New Roman;margin:0">Total operating expenses</p> </td><td style="background-color:#DBE5F1;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:right">61,346</p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:right">52,766</p> </td></tr> <tr><td valign="top"><p style="font:10pt Times New Roman;margin:0"> </p> </td><td style="border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="border-top:0.5pt solid #000000" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="border-top:0.5pt solid #000000" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td></tr> <tr><td style="background-color:#DBE5F1" valign="top"><p style="font:10pt Times New Roman;margin:0">Loss from operations</p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:right">(61,346)</p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:right">(52,766)</p> </td></tr> <tr><td valign="top"><p style="font:10pt Times New Roman;margin:0"> </p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td></tr> <tr><td style="background-color:#DBE5F1" valign="top"><p style="font:10pt Times New Roman;margin:0">Other expenses</p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td></tr> <tr><td valign="top"><p style="font:10pt Times New Roman;margin:0;margin-left:9pt">Impairment Loss</p> </td><td style="border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="border-bottom:0.5pt solid #000000" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:right">-</p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="border-bottom:0.5pt solid #000000" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:right">-</p> </td></tr> <tr><td style="background-color:#DBE5F1" valign="top"><p style="font:10pt Times New Roman;margin:0">Total other expenses</p> </td><td style="background-color:#DBE5F1;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:right">-</p> </td></tr> <tr><td valign="top"><p style="font:10pt Times New Roman;margin:0"> </p> </td><td style="border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="border-top:0.5pt solid #000000" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="border-top:0.5pt solid #000000" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td></tr> <tr><td style="background-color:#DBE5F1" valign="top"><p style="font:10pt Times New Roman;margin:0">Net loss</p> </td><td style="background-color:#DBE5F1;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">$</p> </td><td style="background-color:#DBE5F1;border-bottom:3px double #000000" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:right">(61,346)</p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">$</p> </td><td style="background-color:#DBE5F1;border-bottom:3px double #000000" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:right">(52,766)</p> </td></tr> </table> <p style="font:10pt Times New Roman;margin:0"> </p> <table style="margin:0 auto;border-collapse:collapse;width:99%"><tr><td valign="top"><p style="font:10pt Times New Roman;margin:0"> </p> </td><td colspan="5" style="border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:center"><b>Six Months Ended June 30,</b></p> </td></tr> <tr><td valign="top"></td><td colspan="2" style="border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:center"><b>2026</b></p> </td><td style="border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:center"> </p> </td><td colspan="2" style="border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:center"><b>2025</b></p> </td></tr> <tr><td style="background-color:#DBE5F1" valign="top"><p style="font:10pt Times New Roman;margin:0">Net revenue</p> </td><td style="background-color:#DBE5F1;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">$</p> </td><td style="background-color:#DBE5F1;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">$</p> </td><td style="background-color:#DBE5F1;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">-</p> </td></tr> <tr><td valign="top"><p style="font:10pt Times New Roman;margin:0"> </p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td></tr> <tr><td style="background-color:#DBE5F1" valign="top"><p style="font:10pt Times New Roman;margin:0">Operating expenses:</p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td></tr> <tr><td valign="top"><p style="font:10pt Times New Roman;margin:0;margin-left:9pt">General and administrative</p> </td><td style="border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="border-bottom:0.5pt solid #000000" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:right">61,346</p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="border-bottom:0.5pt solid #000000" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:right">52,766</p> </td></tr> <tr><td style="background-color:#DBE5F1" valign="top"><p style="font:10pt Times New Roman;margin:0">Total operating expenses</p> </td><td style="background-color:#DBE5F1;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:right">61,346</p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:right">52,766</p> </td></tr> <tr><td valign="top"><p style="font:10pt Times New Roman;margin:0"> </p> </td><td style="border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="border-top:0.5pt solid #000000" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="border-top:0.5pt solid #000000" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td></tr> <tr><td style="background-color:#DBE5F1" valign="top"><p style="font:10pt Times New Roman;margin:0">Loss from operations</p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:right">(61,346)</p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:right">(52,766)</p> </td></tr> <tr><td valign="top"><p style="font:10pt Times New Roman;margin:0"> </p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td></tr> <tr><td style="background-color:#DBE5F1" valign="top"><p style="font:10pt Times New Roman;margin:0">Other expenses</p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td></tr> <tr><td valign="top"><p style="font:10pt Times New Roman;margin:0;margin-left:9pt">Impairment Loss</p> </td><td style="border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="border-bottom:0.5pt solid #000000" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:right">-</p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="border-bottom:0.5pt solid #000000" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:right">-</p> </td></tr> <tr><td style="background-color:#DBE5F1" valign="top"><p style="font:10pt Times New Roman;margin:0">Total other expenses</p> </td><td style="background-color:#DBE5F1;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:right">-</p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:right">-</p> </td></tr> <tr><td valign="top"><p style="font:10pt Times New Roman;margin:0"> </p> </td><td style="border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="border-top:0.5pt solid #000000" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="border-top:0.5pt solid #000000" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td></tr> <tr><td style="background-color:#DBE5F1" valign="top"><p style="font:10pt Times New Roman;margin:0">Net loss</p> </td><td style="background-color:#DBE5F1;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">$</p> </td><td style="background-color:#DBE5F1;border-bottom:3px double #000000" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:right">(61,346)</p> </td><td style="background-color:#DBE5F1" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right"> </p> </td><td style="background-color:#DBE5F1;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-align:right">$</p> </td><td style="background-color:#DBE5F1;border-bottom:3px double #000000" valign="top"><p style="font:10pt Times New Roman;margin:0;text-align:right">(52,766)</p> </td></tr> </table> 0 0 61346 52766 61346 52766 -61346 -52766 0 0 0 0 -61346 -52766 <p style="font:10pt Times New Roman;margin:0;text-align:justify"><b>2.12 Net Loss per Share</b></p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">Net loss per share is calculated by dividing the net loss by the weighted-average number of common shares outstanding during the period, excluding shares subject to redemption or forfeiture. The Company presents both basic and diluted net loss per share. Diluted net loss per share reflects the actual weighted average number of common shares issued and outstanding during the period, adjusted for potentially dilutive securities outstanding.</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">Potentially dilutive securities are excluded from the calculation of diluted net loss per share if their inclusion would be anti-dilutive. As there are no potentially dilutive securities as of June 30, 2026 and 2025, the diluted net loss per share is the same as basic net loss per share for both periods.</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"><b>3. Going Concern</b></p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">The Company currently has limited operations. The financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates, among other things, the realization of assets and the satisfaction of liabilities in the normal course of business.</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">As reflected in the accompanying financial statements, the Company had an accumulated deficit of $407,291 as of June 30, 2026, and $345,945 as of December 31, 2025. The Company has a limited operating history, and its continued growth is dependent upon the start of selling its services; hence generating revenues and obtaining additional financing to fund future obligations and pay liabilities arising from normal business operations. These matters raise substantial doubt about the Company’s ability to continue as a going concern.</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">The ability of the Company to continue as a going concern is dependent on the Company’s ability to raise additional capital, implement its business plan, and generate significant revenues. There are no assurances that the Company will be successful in its efforts to generate substantial revenues, maintain sufficient cash balance, report profitable operations, or continue as a going concern. The Company plans on raising capital through the sale of equity or debt instruments to implement its business plan. However, there is no assurance these plans will be realized and that any additional financings will be available to the Company on satisfactory terms and conditions, if any.</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">The accompanying financial statements do not include any adjustments related to the recoverability or classification of asset-carrying amounts or the amounts and classification of liabilities that may result should the Company be unable to continue as a going concern.</p> -407291 -345945 <p style="font:10pt Times New Roman;margin:0;text-align:justify"><b>4. Related Party Transactions</b></p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">Accounts Payables contain payables to related parties which is accumulated advances paid by the CEO for operating expenses of the company, which amount to $398,979 and $336,207 as of June 30, 2026, and December 31, 2025, respectively.</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">On January 15, 2026, the Company entered into a non-interest-bearing promissory note with its CEO, Darryl Payne, in the principal amount of $70,000 to fund NASDAQ listing and application fees. The loan is unsecured and does not </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">have a fixed maturity date; instead, repayment is contingent upon the Company generating sufficient net revenue to satisfy the debt, as determined in good faith by the Board of Directors. In the event of corporate dissolution or bankruptcy, the note becomes immediately due and payable from remaining corporate assets, subject to the priority of senior secured creditors.</p> 398979 336207 70000 <p style="font:10pt Times New Roman;margin:0;text-align:justify"><b>5. Common Stock</b></p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">The Company is authorized to issue 800,000,000 of common shares with no par value, and any amount paid in excess of par value is considered as additional paid in capital.</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">As of June 30, 2026, the company had issued 43,753,810 shares with no par value and as of December 31, 2025, the company had issued 42,581,650 shares with no par value.</p> 800000000 43753810 42581650 <p style="font:10pt Times New Roman;margin:0;text-align:justify"><b>6. Commitments and Contingencies</b></p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">No commitments and no contingent liabilities are outstanding as at June 30, 2026, and December 31, 2025.</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"><b>7. Subsequent Events</b></p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">The company has evaluated subsequent events for recognition and disclosure through August 13, 2026, which is the date the financial statements were available to be issued. No other matters were identified affecting the accompanying financial statements and related disclosures.</p>