Deposits to Others	9 Months Ended
Sep. 30, 2026
Deposits To Others
Deposits to Others	Note 4 – Deposits to Others On April 6, 2026, XMax AI Inc. entered into a one-year term of cloud service contract with a service providing company to use its AWS products and cloud service provided by AWS. The contract has a term from June 3, 2026 to June 2, 2027. During the nine and three months ended September 30, 2026, the Company paid $100,000 to the service provider and record it as deposit to others on the current assets. On April 22, 2026, XMax AI Inc. entered into a cloud service agreement for AWS-based cloud computing and AI model API access with a service providing company. The contract was effective from April 22, 2026. Prior to service activation, the Company paid a refundable performance deposit of $400,000, which is held by the service provider to offset overdue balances or damages, if any. The remaining deposit is refundable upon agreement termination without interest. During three months ended September 30, 2026, the Company terminated the agreement with the service providing company and received the full deposit back in October 2026. On June 11, 2026, XMax AI Inc. entered into a one-year term of cloud service contract with a service providing company to use its AWS products and cloud service provided by AWS. The contract has a term from June 1, 2026 to May 31, 2027. The Company paid $100,000 and recorded it on the current assets as deposit to others. During nine and three months ended September 30, 2026, the Company paid $100,000 to the service provider and record it as deposit to others on the current assets. On June 24, 2026, the Company entered into a term sheet for the principal terms of a proposed joint venture transaction to acquire 68% of the issued shares of a company that is owned by two shareholders for $4.00 million. The Company made $500,000 payment to one of the major shareholders upon execution of the term sheet and record it as deposits to others on the current assets. On July 20, 2026, XMax AI Inc. entered into a one-year term of cloud service contract with a service providing company to use its AWS products and cloud service provided by AWS. The contract has a term from July 20, 2026 to July 19, 2027. The Company paid $100,000 and recorded it on the current assets as deposit to others. During nine and three months ended September 30, 2026, the Company made $100,000 payment to the service provider and record it as deposit to others on the current assets. On August 15, 2026, XMax AI Inc. entered into a one-year term of cloud service contract with a service providing company to use its AWS products and cloud service provided by AWS. The contract has a term from August 15, 2026 to August 14, 2027. The Company paid $100,000 and recorded it on the current assets as deposit to others. During nine and three months ended September 30, 2026, the Company made $100,000 payment to the service provider and record it as deposit to others on the current assets.

Deposits to Others

9 Months Ended

Sep. 30, 2026

Note 4 – Deposits to Others

On April 6, 2026, XMax AI Inc. entered into a one-year term of cloud service contract with a service providing company to use its AWS products and cloud service provided by AWS. The contract has a term from June 3, 2026 to June 2, 2027. During the nine and three months ended September 30, 2026, the Company paid $100,000 to the service provider and record it as deposit to others on the current assets.

On April 22, 2026, XMax AI Inc. entered into a cloud service agreement for AWS-based cloud computing and AI model API access with a service providing company. The contract was effective from April 22, 2026. Prior to service activation, the Company paid a refundable performance deposit of $400,000, which is held by the service provider to offset overdue balances or damages, if any. The remaining deposit is refundable upon agreement termination without interest. During three months ended September 30, 2026, the Company terminated the agreement with the service providing company and received the full deposit back in October 2026.

On June 11, 2026, XMax AI Inc. entered into a one-year term of cloud service contract with a service providing company to use its AWS products and cloud service provided by AWS. The contract has a term from June 1, 2026 to May 31, 2027. The Company paid $100,000 and recorded it on the current assets as deposit to others. During nine and three months ended September 30, 2026, the Company paid $100,000 to the service provider and record it as deposit to others on the current assets.

On June 24, 2026, the Company entered into a term sheet for the principal terms of a proposed joint venture transaction to acquire 68% of the issued shares of a company that is owned by two shareholders for $4.00 million. The Company made $500,000 payment to one of the major shareholders upon execution of the term sheet and record it as deposits to others on the current assets.

On July 20, 2026, XMax AI Inc. entered into a one-year term of cloud service contract with a service providing company to use its AWS products and cloud service provided by AWS. The contract has a term from July 20, 2026 to July 19, 2027. The Company paid $100,000 and recorded it on the current assets as deposit to others. During nine and three months ended September 30, 2026, the Company made $100,000 payment to the service provider and record it as deposit to others on the current assets.

On August 15, 2026, XMax AI Inc. entered into a one-year term of cloud service contract with a service providing company to use its AWS products and cloud service provided by AWS. The contract has a term from August 15, 2026 to August 14, 2027. The Company paid $100,000 and recorded it on the current assets as deposit to others. During nine and three months ended September 30, 2026, the Company made $100,000 payment to the service provider and record it as deposit to others on the current assets.