NOTE 11 – SERVICES REVENUE

The Company recognizes revenue in accordance with Accounting Standards Codification (“ASC”) Topic 606, Revenue from Contracts with Customers.

The Company generates all of its revenue as a subcontractor to its affiliate who holds U.S. Government contracts. As a subcontractor the Company provides program management, contract administration, procurement coordination, compliance oversight, and execution services. These contracts may require the Company to coordinate subcontractors, procure materials and equipment, and manage all aspects of contract performance necessary to satisfy its contractual obligations.

Management has concluded that the Company’s performance obligation is the provision of an integrated program management and contract execution service rather than the sale of individual products or materials. Materials, equipment, and subcontracted services procured in connection with contract performance are inputs used to satisfy the Company’s overall service obligation and are not considered separate performance obligations.

Revenue is recognized when control of the promised services is transferred to the customer in an amount that reflects the consideration the Company expects to receive in exchange for those services. Depending on the contractual terms, revenue is recognized as performance obligations are satisfied or at a point in time when control of the contracted services is transferred to the customer.

The Company evaluated the principal-versus-agent guidance contained in ASC 606 and concluded that it acts as the principal in its customer contracts because it controls the promised services before they are transferred to the customer. The Company is responsible for overall contract performance, directs and manages subcontractors and vendors, and remains responsible for fulfilling all contractual obligations. Accordingly, revenue is presented on a gross basis. Costs incurred to fulfill customer contracts, including subcontractor costs, direct labor, materials, equipment, freight, logistics, and other direct procurement costs, are recorded as Cost of Services as incurred.

The Company does not generally have significant financing components, rights of return, variable consideration, or warranty obligations that materially affect revenue recognition. Contract assets and contract liabilities are recognized when the timing of revenue recognition differs from customer billings, if applicable.

For the years ended April 30, 2026 and 2025 the Company’s related party services revenues were $1,421,220 and $0, respectively.