EXHIBIT 99.2

 

Account Description  Consolidated  Consolidated
   3/31/2026  12/31/2025
Current Assets          
Cash and cash equivalents   2,284,647    127,756 
Trade and other receivables   724,056    49,112 
Other current assets   3,171,099    — 
Inventories   229,644    383,709 
Prepayment   254,507    161,417 
Investments   —    — 
TOTAL Current Assets   6,663,953    721,994 
           
Non Current Assets          
Property Plant And Equipment   107,257    114,806 
Financial assets (Non-current)   35,852    35,056 
Right-of-use assets - Oper   859,320    59,079 
Right-of-use assets - Fin   (13,751)   — 
Loan to shareholders (Non Current)   —    — 
Intangibles   345,686    356,475 
Deferred tax assets   —    — 
Goodwill   —    — 
TOTAL Non Current Assets   1,334,364    565,416 
           
TOTAL ASSETS   7,998,317    1,287,410 
           
Current Liabilities          
Trade and other payables   1,577,922    1,897,019 
Income tax payable   —    — 
Lease liability   119,929    -42,153 
Borrowings   508,629    777,053 
Provisions (Current)   —    — 
Other liabilities   —    — 
Deferred revenue (Current)   —    — 
TOTAL Current Liabilities   2,206,480    2,716,225 
           
Non-Current Liabilities          
Lease liability (Non-current)   747,691    — 
Provisions (Non-current)   18,651    16,451 
Borrowings(Non-current)   21,788    24,648 
Contract liability (Non-current)   —    — 
TOTAL Non-current Liabilities   788,130    41,099 
           
TOTAL LIABILITIES   2,994,610    2,757,324 
           
Equity          
Contributed Equity   23,098,270    16,203,885 
Retained earnings   17,919,303    (17,327,110)
Reserves   175,260    (346,689)
TOTAL EQUITY   5,003,707    (1,469,914)

 

 

  

    Consolidated
    3/31/2026
     
Sales revenue     1,354,742  
Cost of goods sold     (403,519 )
Gross margin     951,223  
         
Operating expenses:        
Contracted services     845,705  
Salary and wages     274,326  
Other general and administrative     432,572  
Sales and marketing     65,402  
Impairment expense     —  
Total operating expenses     1,618,005  
         
Profit from continusing operations     (666,782 )
         
Other income/(expense):        
Other income/(expense)     98,599  
Interest income     102  
Interest expense     (24,112 )
Total other income/(expense)     74,589  
      (592,193 )
Provision for income taxes     —  
         
Net income     (592,193 )
         
OCI     171,429  
         
Comprehensive Income     (420,764 )
         
Income(loss) per share        
Basic     -0.42  
         
Weighted average number of common shares outstanding
Basic     1,394,550  

 

 

 

STATEMENT OF CASH FLOWS        
         
CY   03/31/26   12/31/25
PY (31 Dec 2025)        
         
OPERATING                
Net income     (592,193 )     (5,374,228 )
Depreciation and amortization     85,821       365,776  
Stock Compensation     —       1,516,628  
Share insurance for services     6,894,385       1,031,700  
Loss on write-off of assets     —       —  
Shares issued to settle the loan     —       —  
Accrued Interest Expense     16,858       (89,347 )
Non-Cash Adjustment – ATO Interest     —       (186,292 )
Changes in operating accounts:                
Accounts receivable, net     (674,944 )     (35,634 )
Inventory, at cost     154,065       607,932  
Prepaid expenses     (3,264,189 )     394,989  
Right-of-use liabilities     (38,342 )     (142,201 )
Deposits     (796 )     (2,683 )
Deferred tax assets     —       (68,208 )
Accounts payable and accrued expenses     (319,097 )     383,179  
Deferred Revenue     —       —  
Accrued employee benefits, non-current     2,200       (1,238 )
 CASH PROVIDED BY OPERATING ACTIVITIES     2,263,769       (1,599,627 )
                 
INVESTING                
Purchase of equipment     —       (18,415 )
Purchase of intangibles     —       —  
Net activity on due from related parties     —       —  
CASH PROVIDED BY INVESTING ACTIVITIES     —       (18,415 )
                 
FINANCING                
Issuance of ordinary share, net of issuance costs     —       —  
Receipts / (payments) on notes payable     (288,948 )     1,047,017  
CASH PROVIDED BY FINANCING ACTIVITIES     (288,948 )     1,047,017  
                 
Fx     182,069       77,640  
                 
TOTALS     2,156,891       (493,385 )