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NOTE 1 – ORGANIZATION AND DESCRIPTION OF BUSINESS ELVENTIX TECHNOLOGY CORPORATION (the “Company”) was incorporated under the laws of the State of Wyoming, U.S. on March 4, 2025 (Inception). The Company is an early-stage technology company focused on the development and commercialization of “Smarterest,” a mobile news aggregation and content-curation application designed to aggregate and deliver current news content, with functionality supporting personalized information delivery. In addition, the Company offers subscription-based access to an API that provides a selection of news sources, which are personalized and filtered. The API is designed to integrate into third-party platforms and workflows, providing structured and continuously updated access to news content. The Company has adopted a May 31 fiscal year end.

NOTE 2 – GOING CONCERN The financial statements have been prepared on a going concern basis, which contemplates that the Company will be able to settle its obligations and make use of its assets in the ordinary course of business in the foreseeable future. The Company incurred a net loss of $11,828 for the three months ended August 31, 2026, has an accumulated deficit of $120,583 and a working capital deficit of $173,127 as of August 31, 2026. In addition, the Company's promissory note payable of $163,000 matures on November 14, 2026. Further losses are anticipated in the development of its business. These conditions raise substantial doubt about the Company’s ability to continue as a going concern within one year after the date these financial statements are issued. The Company’s capacity to operate as a going concern is reliant on its ability to generate profitable operations in the future and/or to secure the required funding to meet its obligations and settle liabilities resulting from standard business operations when they become due. Management plans to finance operational expenses for the next twelve months by using available cash on hand and revenues from API subscriptions, as well as loans from its director and/or a private offering of common stock. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

NOTE 3 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Interim Financial Statements The unaudited condensed interim financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”) for interim financial information and the instructions to Form 10-Q and Rule 8-03 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. The results of operations for the three months ended August 31, 2026 are not necessarily indicative of the results expected for the full fiscal year ending May 31, 2027 or for any future period. These financial statements should be read in conjunction with the Company’s audited financial statements and notes for the fiscal year ended May 31, 2026. The balance sheet as of May 31, 2026 has been derived from the audited financial statements at that date. Basis of Presentation The financial statements of the Company have been prepared in accordance with U.S. GAAP and are presented in U.S. dollars. Use of Estimates The preparation of financial statements in conformity with U.S. GAAP 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. The most significant estimates relate to the estimated useful lives of intangible assets, the assessment of the recoverability of long-lived assets and the determination of the amount of revenue to be deferred at each reporting date. Actual results could differ from those estimates. 9 Cash and Cash Equivalents The Company considers all highly liquid instruments purchased with a maturity of three months or less to be cash equivalents to the extent the funds are not being held for investment purposes. As of August 31, 2026 and May 31, 2026, the Company’s cash balances were $630 and $1,421, respectively. Prepaid Expenses Prepaid expenses represent amounts paid to secure the use of assets or the receipt of services at a future date and are charged to expense as consumed. As of August 31, 2026, prepaid expenses of $18,400 consisted of prepaid server rental of $8,400 and prepaid professional services of $10,000. As of May 31, 2026, prepaid expenses amounted to $14,000. Intangible Assets The Company follows the provisions of ASC 985, Software, which requires that all costs relating to the purchase or internal development and production of software products to be sold, leased or otherwise marketed be expensed in the period incurred unless the requirements for technological feasibility have been established. The Company amortizes capitalized costs using the straight-line method over the estimated economic life of the product, commencing when the asset is placed in service. See Note 5. Impairment of Long-Lived Assets The Company continually monitors events and changes in circumstances that could indicate that carrying amounts of long-lived assets may not be recoverable. When such events or changes in circumstances are present, the Company assesses the recoverability of long-lived assets by determining whether the carrying value of such assets will be recovered through undiscounted expected future cash flows. If the total of the future cash flows is less than the carrying amount of those assets, the Company recognizes an impairment loss based on the excess of the carrying amount over the fair value of the assets. No impairment was recognized during the three months ended August 31, 2026 and 2025. Fair Value of Financial Instruments ASC 820, Fair Value Measurements and Disclosures, establishes a three-tier fair value hierarchy which prioritizes the inputs used in measuring fair value: Level 1, observable inputs such as quoted prices in active markets; Level 2, inputs other than quoted prices in active markets that are either directly or indirectly observable; and Level 3, unobservable inputs in which little or no market data exists. The carrying values of cash, accounts payable and the promissory note payable approximate fair value due to their short-term nature. Revenue Recognition The Company recognizes revenue in accordance with ASC 606, Revenue from Contracts with Customers, by applying the five-step model: (1) identify the contract with a customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to the performance obligations; and (5) recognize revenue when (or as) the entity satisfies a performance obligation. The Company offers API keys that grant access to a limited number of API calls under basic, pro and custom subscription plans. Customers select a pricing plan on the Company’s website and contact the Company. The Company’s policy requires payment upon issuance of an invoice; once payment is received, the API key is delivered via email. API access is provided in the form of a unique, non-transferable key. Revenue is recognized ratably over the subscription period during which the customer is granted access to the API. Consideration received in advance of the subscription period is recorded as deferred revenue. 10 Revenue by subscription plan for the three months ended August 31, 2026 was as follows: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: #E8EEF4"> <td style="padding: 1.5pt 4pt; width: 60%"> </td> <td style="border-bottom: black 1pt solid; padding: 1.5pt 4pt; width: 20%; text-align: center">Three months ended August 31, 2026</td> <td style="border-bottom: black 1pt solid; padding: 1.5pt 4pt; width: 20%; text-align: center">Three months ended August 31, 2025</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 1.5pt 4pt">Pro subscriptions</td> <td style="padding: 1.5pt 4pt; text-align: right">18,410</td> <td style="padding: 1.5pt 4pt; text-align: right">-</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 1.5pt 4pt">Custom subscriptions</td> <td style="padding: 1.5pt 4pt; text-align: right">13,187</td> <td style="padding: 1.5pt 4pt; text-align: right">-</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 1.5pt 4pt">Basic subscriptions</td> <td style="padding: 1.5pt 4pt; text-align: right">599</td> <td style="padding: 1.5pt 4pt; text-align: right">-</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 1.5pt 4pt">Total revenues</td> <td style="border-bottom: black 2.25pt double; padding: 1.5pt 4pt; text-align: right">32,196</td> <td style="border-bottom: black 2.25pt double; padding: 1.5pt 4pt; text-align: right">-</td></tr> </table> Changes in deferred revenue for the three months ended August 31, 2026 were as follows: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: #E8EEF4"> <td style="padding: 1.5pt 4pt; width: 60%"> </td> <td style="border-bottom: black 1pt solid; padding: 1.5pt 4pt; width: 20%; text-align: center">Amount</td> <td style="border-bottom: black 1pt solid; padding: 1.5pt 4pt; width: 20%; text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 1.5pt 4pt">Balance as of May 31, 2026</td> <td style="padding: 1.5pt 4pt; text-align: right">18,090</td> <td style="padding: 1.5pt 4pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 1.5pt 4pt">Consideration received from customers</td> <td style="padding: 1.5pt 4pt; text-align: right">42,916</td> <td style="padding: 1.5pt 4pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 1.5pt 4pt">Revenue recognized</td> <td style="padding: 1.5pt 4pt; text-align: right">(32,196)</td> <td style="padding: 1.5pt 4pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 1.5pt 4pt">Balance as of August 31, 2026</td> <td style="border-bottom: black 2.25pt double; padding: 1.5pt 4pt; text-align: right">28,810</td> <td style="padding: 1.5pt 4pt"> </td></tr> </table> Revenue recognized during the three months ended August 31, 2026 that was included in the deferred revenue balance as of May 31, 2026 amounted to $10,794. The Company expects to recognize the deferred revenue balance as of August 31, 2026 as revenue within the next twelve months. Concentrations During the three months ended August 31, 2026, four customers accounted for approximately 24%, 17%, 17% and 12% of total revenues, respectively. The Company had no revenues during the three months ended August 31, 2025. Basic and Diluted Loss Per Share The Company computes loss per share in accordance with ASC 260-10-45, Earnings per Share. Basic loss per share is computed by dividing net loss available to common stockholders by the weighted average number of outstanding common shares during the period. Diluted loss per share gives effect to all dilutive potential common shares outstanding during the period. The Company has no potential dilutive instruments, and therefore basic and diluted loss per share are equal. Income Taxes The Company follows the liability method of accounting for income taxes. Under this method, deferred income tax assets and liabilities are recognized for the estimated tax consequences attributable to differences between the financial statement carrying values and their respective income tax bases (temporary differences). The effect on deferred income tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Dividends The Company has not adopted any policy regarding payment of dividends. No dividends have been paid during the periods presented. Recent Accounting Pronouncements The Company has reviewed all recent accounting pronouncements issued through the date of issuance of these financial statements and does not believe any will have a material impact on the Company’s financial results, other than as described below. ASU 2023-09, Improvements to Income Tax Disclosures. Effective for annual periods beginning after December 15, 2025, this update requires a disaggregated rate reconciliation and disclosure of income taxes paid. The Company will apply the update in its annual financial statements for the fiscal year ending May 31, 2027 and expects increased disclosure but no impact on financial results. ASU 2024-03, Disaggregation of Income Statement Expenses. Effective for annual periods beginning after December 15, 2026, this update requires tabular disclosure of key expense components. The Company expects increased disclosure but no impact on financial results. ASU 2025-06, Targeted Improvements to the Accounting for Internal-Use Software. Effective for annual periods beginning after December 15, 2027, this update removes references to software development project stages and clarifies the threshold for capitalizing internal-use software costs. The Company is evaluating the impact of this update on its accounting for capitalized API development costs. 11

Interim Financial Statements The unaudited condensed interim financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”) for interim financial information and the instructions to Form 10-Q and Rule 8-03 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. The results of operations for the three months ended August 31, 2026 are not necessarily indicative of the results expected for the full fiscal year ending May 31, 2027 or for any future period. These financial statements should be read in conjunction with the Company’s audited financial statements and notes for the fiscal year ended May 31, 2026. The balance sheet as of May 31, 2026 has been derived from the audited financial statements at that date.

Basis of Presentation The financial statements of the Company have been prepared in accordance with U.S. GAAP and are presented in U.S. dollars.

Use of Estimates The preparation of financial statements in conformity with U.S. GAAP 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. The most significant estimates relate to the estimated useful lives of intangible assets, the assessment of the recoverability of long-lived assets and the determination of the amount of revenue to be deferred at each reporting date. Actual results could differ from those estimates. 9

Cash and Cash Equivalents The Company considers all highly liquid instruments purchased with a maturity of three months or less to be cash equivalents to the extent the funds are not being held for investment purposes. As of August 31, 2026 and May 31, 2026, the Company’s cash balances were $630 and $1,421, respectively.

1421

Prepaid Expenses Prepaid expenses represent amounts paid to secure the use of assets or the receipt of services at a future date and are charged to expense as consumed. As of August 31, 2026, prepaid expenses of $18,400 consisted of prepaid server rental of $8,400 and prepaid professional services of $10,000. As of May 31, 2026, prepaid expenses amounted to $14,000.

18400

14000

Intangible Assets The Company follows the provisions of ASC 985, Software, which requires that all costs relating to the purchase or internal development and production of software products to be sold, leased or otherwise marketed be expensed in the period incurred unless the requirements for technological feasibility have been established. The Company amortizes capitalized costs using the straight-line method over the estimated economic life of the product, commencing when the asset is placed in service. See Note 5.

Impairment of Long-Lived Assets The Company continually monitors events and changes in circumstances that could indicate that carrying amounts of long-lived assets may not be recoverable. When such events or changes in circumstances are present, the Company assesses the recoverability of long-lived assets by determining whether the carrying value of such assets will be recovered through undiscounted expected future cash flows. If the total of the future cash flows is less than the carrying amount of those assets, the Company recognizes an impairment loss based on the excess of the carrying amount over the fair value of the assets. No impairment was recognized during the three months ended August 31, 2026 and 2025.

Fair Value of Financial Instruments ASC 820, Fair Value Measurements and Disclosures, establishes a three-tier fair value hierarchy which prioritizes the inputs used in measuring fair value: Level 1, observable inputs such as quoted prices in active markets; Level 2, inputs other than quoted prices in active markets that are either directly or indirectly observable; and Level 3, unobservable inputs in which little or no market data exists. The carrying values of cash, accounts payable and the promissory note payable approximate fair value due to their short-term nature.

Revenue Recognition The Company recognizes revenue in accordance with ASC 606, Revenue from Contracts with Customers, by applying the five-step model: (1) identify the contract with a customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to the performance obligations; and (5) recognize revenue when (or as) the entity satisfies a performance obligation. The Company offers API keys that grant access to a limited number of API calls under basic, pro and custom subscription plans. Customers select a pricing plan on the Company’s website and contact the Company. The Company’s policy requires payment upon issuance of an invoice; once payment is received, the API key is delivered via email. API access is provided in the form of a unique, non-transferable key. Revenue is recognized ratably over the subscription period during which the customer is granted access to the API. Consideration received in advance of the subscription period is recorded as deferred revenue. 10 Revenue by subscription plan for the three months ended August 31, 2026 was as follows: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: #E8EEF4"> <td style="padding: 1.5pt 4pt; width: 60%"> </td> <td style="border-bottom: black 1pt solid; padding: 1.5pt 4pt; width: 20%; text-align: center">Three months ended August 31, 2026</td> <td style="border-bottom: black 1pt solid; padding: 1.5pt 4pt; width: 20%; text-align: center">Three months ended August 31, 2025</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 1.5pt 4pt">Pro subscriptions</td> <td style="padding: 1.5pt 4pt; text-align: right">18,410</td> <td style="padding: 1.5pt 4pt; text-align: right">-</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 1.5pt 4pt">Custom subscriptions</td> <td style="padding: 1.5pt 4pt; text-align: right">13,187</td> <td style="padding: 1.5pt 4pt; text-align: right">-</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 1.5pt 4pt">Basic subscriptions</td> <td style="padding: 1.5pt 4pt; text-align: right">599</td> <td style="padding: 1.5pt 4pt; text-align: right">-</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 1.5pt 4pt">Total revenues</td> <td style="border-bottom: black 2.25pt double; padding: 1.5pt 4pt; text-align: right">32,196</td> <td style="border-bottom: black 2.25pt double; padding: 1.5pt 4pt; text-align: right">-</td></tr> </table> Changes in deferred revenue for the three months ended August 31, 2026 were as follows: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: #E8EEF4"> <td style="padding: 1.5pt 4pt; width: 60%"> </td> <td style="border-bottom: black 1pt solid; padding: 1.5pt 4pt; width: 20%; text-align: center">Amount</td> <td style="border-bottom: black 1pt solid; padding: 1.5pt 4pt; width: 20%; text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 1.5pt 4pt">Balance as of May 31, 2026</td> <td style="padding: 1.5pt 4pt; text-align: right">18,090</td> <td style="padding: 1.5pt 4pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 1.5pt 4pt">Consideration received from customers</td> <td style="padding: 1.5pt 4pt; text-align: right">42,916</td> <td style="padding: 1.5pt 4pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 1.5pt 4pt">Revenue recognized</td> <td style="padding: 1.5pt 4pt; text-align: right">(32,196)</td> <td style="padding: 1.5pt 4pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 1.5pt 4pt">Balance as of August 31, 2026</td> <td style="border-bottom: black 2.25pt double; padding: 1.5pt 4pt; text-align: right">28,810</td> <td style="padding: 1.5pt 4pt"> </td></tr> </table> Revenue recognized during the three months ended August 31, 2026 that was included in the deferred revenue balance as of May 31, 2026 amounted to $10,794. The Company expects to recognize the deferred revenue balance as of August 31, 2026 as revenue within the next twelve months.

32196

28810

Concentrations During the three months ended August 31, 2026, four customers accounted for approximately 24%, 17%, 17% and 12% of total revenues, respectively. The Company had no revenues during the three months ended August 31, 2025.

Basic and Diluted Loss Per Share The Company computes loss per share in accordance with ASC 260-10-45, Earnings per Share. Basic loss per share is computed by dividing net loss available to common stockholders by the weighted average number of outstanding common shares during the period. Diluted loss per share gives effect to all dilutive potential common shares outstanding during the period. The Company has no potential dilutive instruments, and therefore basic and diluted loss per share are equal.

Income Taxes The Company follows the liability method of accounting for income taxes. Under this method, deferred income tax assets and liabilities are recognized for the estimated tax consequences attributable to differences between the financial statement carrying values and their respective income tax bases (temporary differences). The effect on deferred income tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.

Dividends The Company has not adopted any policy regarding payment of dividends. No dividends have been paid during the periods presented.

Recent Accounting Pronouncements The Company has reviewed all recent accounting pronouncements issued through the date of issuance of these financial statements and does not believe any will have a material impact on the Company’s financial results, other than as described below. ASU 2023-09, Improvements to Income Tax Disclosures. Effective for annual periods beginning after December 15, 2025, this update requires a disaggregated rate reconciliation and disclosure of income taxes paid. The Company will apply the update in its annual financial statements for the fiscal year ending May 31, 2027 and expects increased disclosure but no impact on financial results. ASU 2024-03, Disaggregation of Income Statement Expenses. Effective for annual periods beginning after December 15, 2026, this update requires tabular disclosure of key expense components. The Company expects increased disclosure but no impact on financial results.

NOTE 4 – COMMON STOCK The Company has 75,000,000 common shares authorized with a par value of $0.001 per share. On May 15, 2025, the Company issued 4,500,000 shares of its common stock at $0.001 per share for total proceeds of $4,500 received from its CEO and director. During the fiscal year ended May 31, 2026, the Company issued 1,297,500 shares of common stock at $0.03 per share for total cash proceeds of $38,925, of which $1,298 was recorded as common stock and $37,627 as additional paid-in capital. No shares of common stock were issued during the three months ended August 31, 2026. There were 5,797,500 shares of common stock issued and outstanding as of August 31, 2026 and May 31, 2026.

5797500

NOTE 5 – INTANGIBLE ASSETS The Smarterest mobile application acquired for $212,538 was placed in service in June 2025 and is being amortized on a straight-line basis over an estimated useful life of 60 months. Website development costs of $16,800 were placed in service in October 2025 and are being amortized over 36 months; an enhancement of $8,400 was placed in service in May 2026 and is being amortized over the remaining useful life of the underlying asset of 29 months. Software refactoring costs of $50,395 were placed in service in March 2026 and are being amortized over 60 months. During the three months ended August 31, 2026, the Company capitalized API development costs of $35,640, which were placed in service in July 2026 and are being amortized over an estimated useful life of 60 months. Amortization expense was $16,009 and $10,627 for the three months ended August 31, 2026 and 2025, respectively. Intangible assets consisted of the following: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: #E8EEF4"> <td style="padding: 1.5pt 4pt; width: 60%"> </td> <td style="border-bottom: black 1pt solid; padding: 1.5pt 4pt; width: 20%; text-align: center">August 31, 2026</td> <td style="border-bottom: black 1pt solid; padding: 1.5pt 4pt; width: 20%; text-align: center">May 31, 2026</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 1.5pt 4pt">Application</td> <td style="padding: 1.5pt 4pt; text-align: right">212,538</td> <td style="padding: 1.5pt 4pt; text-align: right">212,538</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 1.5pt 4pt">Website development</td> <td style="padding: 1.5pt 4pt; text-align: right">25,200</td> <td style="padding: 1.5pt 4pt; text-align: right">25,200</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 1.5pt 4pt">Software refactoring</td> <td style="padding: 1.5pt 4pt; text-align: right">50,395</td> <td style="padding: 1.5pt 4pt; text-align: right">50,395</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 1.5pt 4pt">API</td> <td style="padding: 1.5pt 4pt; text-align: right">35,640</td> <td style="padding: 1.5pt 4pt; text-align: right">-</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 1.5pt 4pt">Total cost</td> <td style="padding: 1.5pt 4pt; text-align: right">323,773</td> <td style="padding: 1.5pt 4pt; text-align: right">288,133</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 1.5pt 4pt">Accumulated amortization</td> <td style="padding: 1.5pt 4pt; text-align: right">(64,220)</td> <td style="padding: 1.5pt 4pt; text-align: right">(48,211)</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 1.5pt 4pt">Intangible assets, net</td> <td style="border-bottom: black 2.25pt double; padding: 1.5pt 4pt; text-align: right">259,553</td> <td style="border-bottom: black 2.25pt double; padding: 1.5pt 4pt; text-align: right">239,922</td></tr> </table>

259553

239922

NOTE 6 – COMMITMENTS AND CONTINGENCIES Contractual Commitments On January 8, 2026, the Company incurred a contractual payment commitment of $50,415 in connection with software optimization. As of August 31, 2026, capitalized software refactoring costs amounted to $50,395. During the three months ended August 31, 2026, the Company engaged a third-party software development vendor for the development of its API; costs of $35,640 were capitalized and $7,200 were expensed under this engagement, and no amounts remained payable to the vendor as of August 31, 2026. Litigation The Company was not subject to any legal proceedings during the period from March 4, 2025 (Inception) to August 31, 2026 and no legal proceedings are currently pending or threatened to the best of our knowledge.

50395

NOTE 7 – PROMISSORY NOTE PAYABLE On May 15, 2025, the Company acquired the “Smarterest” mobile application and related source code from Smarterest Incorporated for total consideration of $212,538 pursuant to an Application Sale Agreement. The purchase price consisted of $24,000 payable in accordance with the payment schedule set forth in the Application Sale Agreement and a non-interest-bearing promissory note in the principal amount of $188,538. The promissory note had an original maturity date of November 14, 2025. On November 13, 2025, the promissory note was amended to extend the maturity date to December 31, 2025. In accordance with ASC 470, Debt, the Company has recognized the promissory note at its face value as the impact of discounting is immaterial. No interest expense was recorded in connection with this note. 12 On December 31, 2025, Smarterest Incorporated assigned all of its rights, title and interest under the promissory note, including the outstanding principal balance of $163,000, to 360 DIGITAL LLC pursuant to an Assignment of Rights under a Promissory Note. The Company received formal notice of such assignment. Following the assignment, the Company is obligated to make all payments under the promissory note to 360 DIGITAL LLC. The assignment does not modify, discharge or otherwise affect the Company's obligations under the promissory note, which remain in full force and effect. Following second amendment to Promissory Note dated December 31, 2025, the maturity date was extended from December 31, 2025 to November 14, 2026. If the Company defaults at maturity, the entire principal becomes immediately due and payable at the lender’s discretion, and while no interest shall accrue on overdue amounts, the Company is obligated to fully repay the principal and reimburse the lender for all reasonable collection costs, including attorneys’ fees. As of August 31, 2026 and May 31, 2026, the outstanding principal balance of the promissory note was $163,000, and no repayments were made during the three months ended August 31, 2026. The promissory note matures on November 14, 2026 and is classified as a current liability as its maturity date falls within twelve months of the balance sheet date.

163000

NOTE 8 – RELATED PARTY TRANSACTIONS On May 5, 2025, the Company’s CEO and director has entered into a loan agreement (the “Loan Agreement”) under which he committed to provide up to $200,000 of financial support over a five-year period. The commitment was subsequently increased to $300,000 by amendment in order to cover the repayment of the promissory note dated August 1, 2025. The loan is intended for working capital purposes, is unsecured, interest-free, and has maturity date of May 4, 2030; accordingly, it is classified as a long-term liability. During the three months ended August 31, 2026, the CEO and director advanced $24,200 to the Company, consisting of payments made directly on behalf of the Company of $5,600 to a server rental provider and $18,600 to a third-party software development vendor. As of August 31, 2026 and May 31, 2026, the amount due to the related party was $163,584 and $139,384, respectively. On May 15, 2025, the Company issued 4,500,000 shares of its common stock at $0.001 per share for total proceeds of $4,500 received from its CEO and director.

24200

NOTE 9 – INCOME TAXES As of August 31, 2026, the Company had net operating loss (“NOL”) carry-forwards for U.S. federal income tax purposes of approximately $120,583 that may be carried forward indefinitely, subject to an 80% of taxable income limitation. No tax benefit has been recorded with respect to these NOL carry-forwards, as management believes that the realization of the Company’s net deferred tax assets of approximately $25,322 is not more likely than not; accordingly, the potential tax benefits are fully offset by a valuation allowance. Components of deferred tax assets are as follows: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: #E8EEF4"> <td style="padding: 1.5pt 4pt; width: 60%"> </td> <td id="xdx_49D_20260831_zlsftzaPIkFd" style="border-bottom: black 1pt solid; padding: 1.5pt 4pt; width: 20%; text-align: center">August 31, 2026</td> <td id="xdx_49F_20260531_zOYH6bgSrg4l" style="border-bottom: black 1pt solid; padding: 1.5pt 4pt; width: 20%; text-align: center">May 31, 2026</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 1.5pt 4pt">Net operating loss carry-forward</td> <td style="padding: 1.5pt 4pt; text-align: right">120,583</td> <td style="padding: 1.5pt 4pt; text-align: right">108,755</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 1.5pt 4pt">Statutory tax rate</td> <td style="padding: 1.5pt 4pt; text-align: right">21%</td> <td style="padding: 1.5pt 4pt; text-align: right">21%</td></tr> <tr id="xdx_407_eus-gaap--DeferredTaxAssetsOperatingLossCarryforwards_iI_ziZ1EZpxsPs1" style="vertical-align: bottom"> <td style="padding: 1.5pt 4pt">Expected income tax benefit from NOL carry-forward</td> <td style="padding: 1.5pt 4pt; text-align: right">25,322</td> <td style="padding: 1.5pt 4pt; text-align: right">22,838</td></tr> <tr id="xdx_405_eus-gaap--DeferredTaxAssetsValuationAllowance_iNI_di_z7PFVZQiUoN3" style="vertical-align: bottom"> <td style="padding: 1.5pt 4pt">Less: valuation allowance</td> <td style="padding: 1.5pt 4pt; text-align: right">(25,322)</td> <td style="padding: 1.5pt 4pt; text-align: right">(22,838)</td></tr> <tr id="xdx_40A_eus-gaap--DeferredTaxAssetsNet_iI_zfYB1NCSUQ9i" style="vertical-align: bottom"> <td style="padding: 1.5pt 4pt">Deferred tax asset, net of valuation allowance</td> <td style="border-bottom: black 2.25pt double; padding: 1.5pt 4pt; text-align: right">-</td> <td style="border-bottom: black 2.25pt double; padding: 1.5pt 4pt; text-align: right">-</td></tr> </table> 13 The actual tax benefit differs from the expected tax benefit computed at the statutory rate of 21% as follows: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: #E8EEF4"> <td style="padding: 1.5pt 4pt; width: 60%"> </td> <td id="xdx_491_20260601__20260831_zXMG9bDif9f" style="border-bottom: black 1pt solid; padding: 1.5pt 4pt; width: 20%; text-align: center">Three months ended August 31, 2026</td> <td id="xdx_491_20250601__20250831_zAaEWyaqBkMd" style="border-bottom: black 1pt solid; padding: 1.5pt 4pt; width: 20%; text-align: center">Three months ended August 31, 2025</td></tr> <tr id="xdx_401_eus-gaap--IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate_iN_di_zqQVSNnqZdsb" style="vertical-align: bottom"> <td style="padding: 1.5pt 4pt">Computed “expected” tax benefit</td> <td style="padding: 1.5pt 4pt; text-align: right">(2,484)</td> <td style="padding: 1.5pt 4pt; text-align: right">(4,038)</td></tr> <tr id="xdx_409_eus-gaap--ValuationAllowanceDeferredTaxAssetChangeInAmount_zorquVs06hF1" style="vertical-align: bottom"> <td style="padding: 1.5pt 4pt">Change in valuation allowance</td> <td style="padding: 1.5pt 4pt; text-align: right">2,484</td> <td style="padding: 1.5pt 4pt; text-align: right">4,038</td></tr> <tr id="xdx_405_eus-gaap--IncomeTaxExpenseBenefitContinuingOperationsAdjustmentOfDeferredTaxAssetLiability_zqZAn3oezg77" style="vertical-align: bottom"> <td style="padding: 1.5pt 4pt">Actual tax expense (benefit)</td> <td style="border-bottom: black 2.25pt double; padding: 1.5pt 4pt; text-align: right">-</td> <td style="border-bottom: black 2.25pt double; padding: 1.5pt 4pt; text-align: right">-</td></tr> </table> NOTE 10 – SUBSEQUENT EVENTS The Company has evaluated subsequent events from August 31, 2026 through October 14, 2026, the date the financial statements were issued. On September 15, 2026, FINRA determined that Glendale Securities, Inc. had demonstrated compliance with FINRA Rule 6432 and Rule 15c2-11 under the Securities Exchange Act of 1934 and could initiate a priced quotation for the Company’s common stock, trading under the symbol ELVX, on OTC Link ATS at a quoted bid price of $0.0300 and an ask price of $0.0500. As of October 14, 2026, the Company’s common stock had not commenced trading. On September 30, 2026, the Company’s lender, Tallis Mateus Da Silva, who is also a director of the Company, voluntarily agreed to forgive the Company’s outstanding debt in the principal amount of $163,584. Following such forgiveness, the outstanding principal balance under the Loan Agreement shall be $0. The debt was forgiven in full without any payment or other consideration from the Company. As a result, the Company is no longer obligated to repay the $163,584 outstanding debt owed to Mr. Tallis Mateus Da Silva.

Components of deferred tax assets are as follows: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: #E8EEF4"> <td style="padding: 1.5pt 4pt; width: 60%"> </td> <td id="xdx_49D_20260831_zlsftzaPIkFd" style="border-bottom: black 1pt solid; padding: 1.5pt 4pt; width: 20%; text-align: center">August 31, 2026</td> <td id="xdx_49F_20260531_zOYH6bgSrg4l" style="border-bottom: black 1pt solid; padding: 1.5pt 4pt; width: 20%; text-align: center">May 31, 2026</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 1.5pt 4pt">Net operating loss carry-forward</td> <td style="padding: 1.5pt 4pt; text-align: right">120,583</td> <td style="padding: 1.5pt 4pt; text-align: right">108,755</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 1.5pt 4pt">Statutory tax rate</td> <td style="padding: 1.5pt 4pt; text-align: right">21%</td> <td style="padding: 1.5pt 4pt; text-align: right">21%</td></tr> <tr id="xdx_407_eus-gaap--DeferredTaxAssetsOperatingLossCarryforwards_iI_ziZ1EZpxsPs1" style="vertical-align: bottom"> <td style="padding: 1.5pt 4pt">Expected income tax benefit from NOL carry-forward</td> <td style="padding: 1.5pt 4pt; text-align: right">25,322</td> <td style="padding: 1.5pt 4pt; text-align: right">22,838</td></tr> <tr id="xdx_405_eus-gaap--DeferredTaxAssetsValuationAllowance_iNI_di_z7PFVZQiUoN3" style="vertical-align: bottom"> <td style="padding: 1.5pt 4pt">Less: valuation allowance</td> <td style="padding: 1.5pt 4pt; text-align: right">(25,322)</td> <td style="padding: 1.5pt 4pt; text-align: right">(22,838)</td></tr> <tr id="xdx_40A_eus-gaap--DeferredTaxAssetsNet_iI_zfYB1NCSUQ9i" style="vertical-align: bottom"> <td style="padding: 1.5pt 4pt">Deferred tax asset, net of valuation allowance</td> <td style="border-bottom: black 2.25pt double; padding: 1.5pt 4pt; text-align: right">-</td> <td style="border-bottom: black 2.25pt double; padding: 1.5pt 4pt; text-align: right">-</td></tr> </table>

25322

22838

25322

22838

The actual tax benefit differs from the expected tax benefit computed at the statutory rate of 21% as follows: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: #E8EEF4"> <td style="padding: 1.5pt 4pt; width: 60%"> </td> <td id="xdx_491_20260601__20260831_zXMG9bDif9f" style="border-bottom: black 1pt solid; padding: 1.5pt 4pt; width: 20%; text-align: center">Three months ended August 31, 2026</td> <td id="xdx_491_20250601__20250831_zAaEWyaqBkMd" style="border-bottom: black 1pt solid; padding: 1.5pt 4pt; width: 20%; text-align: center">Three months ended August 31, 2025</td></tr> <tr id="xdx_401_eus-gaap--IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate_iN_di_zqQVSNnqZdsb" style="vertical-align: bottom"> <td style="padding: 1.5pt 4pt">Computed “expected” tax benefit</td> <td style="padding: 1.5pt 4pt; text-align: right">(2,484)</td> <td style="padding: 1.5pt 4pt; text-align: right">(4,038)</td></tr> <tr id="xdx_409_eus-gaap--ValuationAllowanceDeferredTaxAssetChangeInAmount_zorquVs06hF1" style="vertical-align: bottom"> <td style="padding: 1.5pt 4pt">Change in valuation allowance</td> <td style="padding: 1.5pt 4pt; text-align: right">2,484</td> <td style="padding: 1.5pt 4pt; text-align: right">4,038</td></tr> <tr id="xdx_405_eus-gaap--IncomeTaxExpenseBenefitContinuingOperationsAdjustmentOfDeferredTaxAssetLiability_zqZAn3oezg77" style="vertical-align: bottom"> <td style="padding: 1.5pt 4pt">Actual tax expense (benefit)</td> <td style="border-bottom: black 2.25pt double; padding: 1.5pt 4pt; text-align: right">-</td> <td style="border-bottom: black 2.25pt double; padding: 1.5pt 4pt; text-align: right">-</td></tr> </table>

2484

4038

2484

4038

163584