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

NOTE 2 – BASIS OF PRESENTATION The accompanying unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and the instructions to Form 10-Q and Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation of the Company’s financial position, results of operations, and cash flows for the interim periods presented have been included. Operating results for the nine months ended July 31, 2026 are not necessarily indicative of the results that may be expected for the full fiscal year. These financial statements should be read in conjunction with the Company’s audited financial statements and related notes included in the Company’s Annual Report on Form 10-K for the fiscal year ended October 31, 2025.

NOTE 3 – GOING CONCERN The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. For the nine months ended July 31, 2026, the Company generated revenue of $69,537 and reported net income of $19,063. As of July 31, 2026, the Company had cash and cash equivalents of approximately $63. The Company continues to have limited cash resources and relies on revenues from operations and financing from related parties and third-party lenders to support its operations and working capital requirements. These conditions raise substantial doubt about the Company’s ability to continue as a going concern. Management plans to continue funding operations through a combination of revenues from services, equity issuances, and additional debt financing. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

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

Revenue Recognition The Company recognizes revenue in accordance with ASC 606, Revenue from Contracts with Customers. Revenue during the current interim period was derived from initial platform implementation and configuration services, audiovisual production, advertising, promotional, consulting, and other related services. Revenue is recognized when the Company satisfies the applicable performance obligations under its service agreements. Amounts received or contractually due in advance of the satisfaction of the applicable performance obligations are recorded as unearned revenue and recognized as revenue as the related performance obligations are satisfied.

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

NOTE 5 – REVENUE AND COST OF REVENUE During the nine months ended July 31, 2026, the Company recognized $69,537 in revenue from initial platform implementation and configuration services, audiovisual production services, advertising and promotional services, and other consulting services. During the three months ended July 31, 2026, the Company recognized $53,386 in revenue, including $50,000 related to the initial implementation and configuration of a technology platform. The $50,000 was recognized upon satisfaction of the applicable performance obligation and remained outstanding as of July 31, 2026, and was included in accounts receivable in the accompanying condensed balance sheet. Direct costs associated with the Company’s revenue-generating activities totaled $4,500 for the nine months ended July 31, 2026 and consisted primarily of editing, post-production, and production services provided by third-party contractors. These direct production costs are recorded as cost of revenue in the accompanying condensed statements of operations.

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NOTE 6 – EQUIPMENT (NET) Equipment is recorded at cost less accumulated depreciation. Depreciation is calculated using the straight-line method over an estimated useful life of three years. As of July 31, 2026, equipment (net) totaled $3,745. Depreciation expense for the nine months ended July 31, 2026 totaled $6,805.

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NOTE 7 – RELATED PARTY TRANSACTIONS During the nine months ended July 31, 2026, the Company received additional advances from related parties to support its operations and working capital requirements, including funding used in connection with the Company’s regulatory, market eligibility, and public market activities. During the nine months ended July 31, 2026, the Company received $19,527 in cash advances from related parties and made $4,850 in repayments. As of July 31, 2026, amounts due to related parties consisted of no short-term advances and $38,886 in long-term advances, for a total related-party obligation of $38,886. The advances are unsecured, non-interest-bearing, and have no fixed repayment terms unless otherwise specified. The Company also had a $50,000 note receivable from a related party, MUY HOUSE, as of July 31, 2026. The note is associated with the Company’s previously disclosed partnership and advertising arrangement and is due on October 30, 2026.

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NOTE 8 – NOTE RECEIVABLE – RELATED PARTY The Company holds a $50,000 note receivable from MUY HOUSE, a related party, arising from a partnership and advertising agreement. The note is non-interest-bearing and payable in full on October 30, 2026. <span id="xdx_906_eus-gaap--ProceedsFromCollectionOfNotesReceivable_do_c20251101__20260731__us-gaap--RelatedPartyTransactionAxis__custom--MuyHouseMember_zgKlS3SfzMU2" title="Proceeds from collection of note receivable">No payments had been received as of July 31, 2026.

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NOTE 9 – UNEARNED REVENUE Unearned revenue represents amounts received or contractually owed for services for which the applicable performance obligations have not yet been satisfied. As of April 30, 2026, the Company had approximately $16,667 of unearned revenue. During the three months ended July 31, 2026, the Company recognized approximately $3,333 of previously deferred amounts as revenue as the related performance obligations were satisfied. As of July 31, 2026, the remaining balance of unearned revenue was approximately $13,333. The remaining balance will be recognized as revenue as the applicable performance obligations are satisfied.

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NOTE 10 – OFFERING COSTS During the nine months ended July 31, 2026, the Company incurred $20,000 of costs in connection with its registered securities offering and related DTC eligibility activities. Such costs had previously been recorded as deferred offering costs. During the three months ended July 31, 2026, the offering period concluded and the Company charged the $20,000 of qualifying offering costs against additional paid-in capital. Accordingly, no deferred offering costs remained as of July 31, 2026.

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NOTE 11 – STOCKHOLDERS’ EQUITY On November 17, 2025, the Company issued 70,000 shares of common stock pursuant to its registered offering at a price of $0.01 per share for aggregate cash proceeds of $700. During the three months ended July 31, 2026, the Company’s registered offering period concluded. Upon conclusion of the offering, $20,000 of qualifying offering costs previously deferred were charged against additional paid-in capital. As of July 31, 2026, the Company had 8,545,000 shares of common stock issued and outstanding and additional paid-in capital of $13,123.

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NOTE 12 – LONG-TERM INVESTMENTS The Company continues to hold long-term investments totaling $87,500 related to immersive media development projects and strategic investments. Management evaluates these investments for impairment when events or changes in circumstances indicate that the carrying value may not be recoverable. No impairment was recorded during the current period.

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NOTE 13 – LONG-TERM BUSINESS LOAN The Company has a $70,000 long-term business loan bearing interest at a rate of 15% per annum following an initial three-month interest-free period. In November 2025, the loan agreement was amended to defer the first annual interest payment until November 13, 2026, with interest continuing to accrue during the deferral period. As of July 31, 2026, the outstanding principal balance was $70,000, and accrued interest payable was $15,750.

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NOTE 14 – ACCRUED COMPENSATION Effective June 1, 2026, the Company appointed Andrew MacLeod to serve as Chief Financial Officer, Principal Financial Officer, Principal Accounting Officer, and Treasurer, and appointed Robert Givens to serve as Secretary. In connection with their appointments, the Company entered into employment agreements providing for annual base compensation of $50,000 for Mr. MacLeod and $25,000 for Mr. Givens. For the period from June 1, 2026 through July 31, 2026, the Company recorded aggregate compensation expense of $12,500. As of July 31, 2026, the related compensation remained unpaid and was included in Accrued Payroll and Compensation in the accompanying condensed balance sheet.

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NOTE 15 – MATERIAL SERVICE AGREEMENT In July 2026, the Company entered into a service agreement with Phoenix Theatre Company for the implementation, configuration, integration, and ongoing support of a technology platform. The agreement provides for aggregate consideration of up to $350,000, consisting of an initial implementation fee of $50,000, milestone-based fees totaling $75,000, and ongoing service fees totaling $225,000 over the term of the agreement. During the three months ended July 31, 2026, the Company completed the initial implementation and configuration services and recognized $50,000 of revenue upon satisfaction of the applicable performance obligation. As of July 31, 2026, the related $50,000 remained outstanding and was included in accounts receivable. As of July 31, 2026, the remaining milestone and ongoing service fees had not been recognized as revenue and will be recognized in future periods as the applicable performance obligations are satisfied in accordance with the terms of the agreement.

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NOTE 16 – INCOME TAXES The Company accounts for income taxes in accordance with ASC 740, Income Taxes. The Company has generated net operating losses in prior periods and maintains a full valuation allowance against its net deferred tax assets. The Company recorded no provision for income taxes for the three and nine months ended July 31, 2026.

NOTE 17 – SUBSEQUENT EVENTS Management has evaluated subsequent events through the date the financial statements were available to be issued and determined that there were no subsequent events requiring adjustment to or disclosure in the accompanying financial statements.

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