Note 1 - Summary of Significant Accounting Policies

Nature of Operations

Certiplex Corporation (“Certiplex” or the “Company”) was incorporated under the laws of the State of Montana on August 7, 2018. Certiplex is a full-service multi-media company with an operational approach focused on:

On June 10, 2021 , Certiplex acquired the licensing right to the Pro Sun Lighting system for both residential and commercial use. The Company’s intent is to market the lighting system through its online and social media sources.

Basis of Presentation

The accompanying unaudited interim financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) for Form 10-Q. Accordingly, they do not include all information and footnotes required by GAAP for complete annual financial statements and should be read in conjunction with the Company’s audited financial statements and notes thereto for the year ended December 31, 2025.

In the opinion of management, the accompanying unaudited interim financial statements reflect all adjustments, consisting only of normal recurring adjustments, necessary for the fair presentation of the Company’s financial position as of June 30, 2026, and the results of operations and cash flows for the three and six months ended June 30, 2026 and 2025. Operating results for the six months ended June 30, 2026 are not necessarily indicative of the results that may be expected for the full year ending December 31, 2026.

Use of Estimates

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Actual results could differ from those estimates.

Cash and Cash Equivalents

The Company maintains a cash balance in a non-interest-bearing account that currently does not exceed federally insured limits. For purposes of the statements of cash flows, all highly liquid investments with an original maturity of three months or less are considered to be cash equivalents. There were no cash equivalents as of June 30, 2026 or December 31, 2025.

Fixed Assets

The Company values its investments in property, equipment, and vehicles at cost, less accumulated depreciation. Depreciation is calculated primarily using the straight-line method over the estimated useful lives of the assets, which is five years for vehicles. Depreciation expense amounted to $360 for each of the three months ended June 30, 2026 and 2025 and $720 for each of the six months ended June 30, 2026 and 2025.

Licensing Rights

Under Accounting Standards Codification (“ASC”) 350-50-1, costs incurred in the acquisition of an intangible asset are capitalized by the Company. The intangible assets relate to the acquisition of the licensing rights for the Pro Sun Lighting System, which was initially amortized over the estimated useful life or period of benefit of 10 years using the straight-line method. On September 7, 2021, the agreement was amended and the term of the agreement was changed from 10 years to indefinite; therefore, no further amortization was applied after that date.

As of June 30, 2026 and December 31, 2025, licensing rights were $97,000, accumulated amortization was $2,425, and the net carrying value was $94,575. The Company also acquired distribution rights for $25,000, which are considered indefinite-lived intangible assets.

Revenue Recognition

The Company recognizes revenue in accordance with Accounting Standards Update (“ASU”) 2014-09, Revenue from Contracts with Customers (Topic 606). Revenue is recognized when a customer obtains control of promised goods or services. The amount of revenue recorded reflects the consideration that the Company expects to receive in exchange for those goods or services. The Company applies the following five-step model:

The Company’s main revenue stream is from product and web-related sales and the Company has no performance obligations for which it serves as agent. The performance obligation associated with a typical sale is satisfied upon delivery to customers, and revenue is recognized at that time. Payments are due on demand. The Company does not offer any warranty on its products; however, customers may receive a manufacturer’s warranty.

The Company also may generate revenue from licensing agreements. The Company licenses its intellectual property (“IP”) to outside parties and determines whether the license of IP is a distinct performance obligation in accordance with Topic 606. If the license is not distinct, the license is combined with other goods or services and the combined performance obligation is accounted for using the general revenue recognition model. If the license is distinct, the Company analyzes whether the license is functional or symbolic to assess the timing of revenue recognition. The licensing of IP by the Company was determined to be a distinct performance obligation of symbolic IP, which provides a right to access IP. Topic 606 provides that revenue from licenses of IP deemed to provide a right to use IP is recognized at the point in time when control is transferred.

Fair Value of Financial Instruments

The carrying amounts of financial assets and liabilities, such as cash, accounts payable, accrued expenses, and other current liabilities, approximate fair value because of the short maturity of these instruments.

Income Taxes

In accordance with ASC 740-10-25, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled.

The Company maintains a valuation allowance with respect to deferred tax assets based upon the potential likelihood of realizing the deferred tax assets in the future. The Company uses the “more likely than not” criterion for recognizing the tax benefit of uncertain tax positions and establishing measurement criteria for income tax benefits. Management has determined that the Company has no material unrecognized tax assets or liabilities related to uncertain tax positions as of June 30, 2026 and December 31, 2025. The Company’s policy is to recognize interest and penalties related to income tax matters in income tax expense. The Company had no accrual for interest or penalties as of June 30, 2026 or December 31, 2025.

Earnings Per Share of Common Stock

The Company computes earnings (loss) per share in accordance with ASC 260. Basic earnings (loss) per share of common stock is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period. The Company does not have a complex capital structure requiring the computation of diluted earnings per share. Basic and diluted earnings per share for the three and six months ended June 30, 2026 and 2025 were computed using 73,200,000 weighted average shares outstanding.

Impairment of Long-Lived Assets

In accordance with ASC 360-10, the Company reviews the carrying amount of long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying value of the asset may not be recoverable. If impairment exists, a loss is recognized based on the amount by which the carrying amount exceeds fair value. There were no impairment losses recorded for the six months ended June 30, 2026 and 2025.

Advertising and Marketing Expenses

The Company charges the costs of advertising, marketing, and public relations to expense as incurred. For the three months ended June 30, 2026 and 2025, advertising and marketing expenses were $1,538 and $2,359, respectively. For the six months ended June 30, 2026 and 2025, advertising and marketing expenses were $3,768 and $4,837, respectively.

Recently Issued Accounting Pronouncements

There have been no recent accounting pronouncements or changes in accounting pronouncements during the six months ended June 30, 2026 that are of significance or potential significance to the Company.