Quarterly Report for Quarter Ending June 30, 2026 (Form 10-Q)

Management's Discussion and Analysis of Financial Condition and Results of Operations

Overview

Transuite. Org Inc. ("TRSO," the "Company") was incorporated in the State of Nevada on June 15, 2018. The Company's common stock is quoted on the OTCQB market under the ticker symbol "TRSO." Our principal website is located at https://www.transuite.org. The information contained on, or accessible through, our website is not incorporated by reference into this Quarterly Report.

Historically, the Company operated an online translation and related service platform. During 2025, the Company undertook a strategic repositioning and expanded into a broader technology-focused holding company model through a series of acquisitions, subsidiary formations, and strategic cooperation arrangements. As a result, the Company is now focused on developing integrated solutions involving intelligent new-energy infrastructure, AI-enabled applications, Web3 infrastructure, and digital asset technologies. Management believes that the convergence of digital finance, enterprise technology, and real-world infrastructure digitization may create long-term commercial opportunities across multiple markets. Management currently expects electric two-wheeler charging infrastructure, primarily through Goldfinch-Chong, to be a principal focus of the Company's near-term business development.

During the six months ended June 30, 2026, the Company generated revenue primarily from e-bike charging management solutions. For the six months ended June 30, 2026, the Company reported consolidated revenue of $248,036.

Our Business

The Company is a technology-focused holding company dedicated to developing and integrating business lines that combine intelligent new-energy infrastructure management solutions, enterprise technology services, Web3-related infrastructure, and digital asset connectivity. As of June 30, 2026, the Company's operations were organized around the following principal business initiatives: The Company's primary near-term operating focus is the electric two-wheeler charging infrastructure business conducted through Goldfinch-Chong.

SolanAI - Web3 Payment and Digital Asset Infrastructure

Through SolanAI Global Ltd., a Hong Kong-based subsidiary, the Company is developing digital payment infrastructure intended to connect blockchain-based digital assets with real-world commercial payment environments. Management intends for this platform to support enterprise payment integration, cross-platform settlement capabilities, and digital asset-related transaction infrastructure. The Company may continue to evaluate strategic partnerships, technology integrations and commercialization models relating to digital payment and merchant-facing technology services, subject to market conditions, regulatory requirements and the execution of definitive agreements, as applicable. The Company currently views this initiative as complementary to its primary near-term focus on new-energy charging infrastructure.

AUXSTO - Digital Asset Exchange and Financial Infrastructure

The Company has entered into strategic cooperation arrangements with Australian Fintech Group Pty Ltd. and has also entered into an arrangement to acquire a 51% equity interest in AEEC International Pty Ltd., which operates under the brand name AUXSTO. Based on the Company's current strategic plans, this initiative is intended to expand the Company's capabilities in digital asset infrastructure, digital payment systems, trading platform technology, and cross-border financial technology services. As of June 30, 2026, the acquisition had not been completed, and the Company currently views this initiative as a complementary longer-term opportunity.

Goldfinch - Electric Two-Wheeler Charging and Intelligent Infrastructure

Through Goldfinch Group Co. Ltd. (Hong Kong) and Goldfinch-Chong (Fuzhou) Technology Co., Ltd., the Company operates intelligent infrastructure systems focused on the management and optimization of distributed energy and charging infrastructure assets. This business line is intended to support data-driven asset management, infrastructure digitization, and technology-enabled operation of real-world infrastructure systems. On June 30, 2026, Goldfinch-Chong entered into a strategic cooperation agreement with Sichuan Wochuang Kedian IoT Technology Co., Ltd. to expand AI-enabled charging infrastructure for electric two-wheelers. Under the cooperation arrangement, Sichuan Wochuang intends to deploy an initial RMB 200 million (approximately $30 million) capital investment for electric two-wheeler charging pile projects. As reported by the Company, Goldfinch-Chong has deployed more than 100,000 charging piles, serves more than 1.7 million users, and owns two invention patents and 26 software copyrights.

Technology and Consulting Services

During the six months ended June 30, 2026, the Company's primary revenue-generating activities consisted principally of intelligent infrastructure and e-bike charging management solutions. The Company's segment reporting reflects technology and consulting services conducted through Transuite. Org Inc., online medical education services conducted through Solan (Shenzhen) Technology Co., Ltd., and intelligent infrastructure and e-bike charging management solutions conducted through Goldfinch-Chong (Fuzhou) Technology Co., Ltd.

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Strategy

The Company's strategy is centered on building a diversified operating platform with a primary near-term emphasis on intelligent new-energy and electric two-wheeler charging infrastructure, supported by enterprise technology and selected Web3 and digital asset initiatives. The principal elements of this strategy include:

	1.	Strategic Repositioning. The Company has transitioned from a legacy translation and consulting business into a broader technology-focused holding company platform.
	2.	Platform Development. The Company intends to prioritize AI-enabled electric two-wheeler charging infrastructure and intelligent infrastructure management, while selectively developing digital payment and digital asset-related systems.
	3.	Business Integration. The Company is focused on integrating acquired subsidiaries and newly formed entities into a more scalable operating structure.
	4.	Market Expansion. Through subsidiaries, acquisitions, and strategic cooperation arrangements in the United States, Hong Kong, mainland China, and Australia, the Company seeks to expand commercial reach and develop international opportunities.
	5.	Capital and Partnership Development. Management intends to continue pursuing debt and equity financing, strategic partnerships, and business combinations that may strengthen the Company's capabilities and market position.

Corporate Development

The following acquisitions and entity formations significantly expanded the Company's operating structure during 2024, 2025 and the six months ended June 30, 2026:

On November 24, 2024, the Company and other founders formed Goldfinch Group Holdings Ltd., in which the Company initially held a 70% controlling interest.

On August 20, 2025, the Company entered into a share exchange agreement to acquire the remaining 30% equity interest in Goldfinch Group Holdings Ltd., after which Goldfinch Group Holdings Ltd. became a wholly owned subsidiary of the Company.

On August 25, 2025, the Company completed the acquisition of 51% of SolanAI Global Ltd. through the issuance of 10,000,000 restricted common shares as initial consideration.

On September 16, 2025, Jiansheng (Shenzhen) Technology Co., Ltd. was formed as an 80% subsidiary of Crestar Holdings Ltd. On April 20, 2026, the Company acquired the remaining 20% interest, resulting in 100% indirect ownership of Jiansheng.

On September 29, 2025, Solan (Shenzhen) Technology Co., Ltd. was formed as a 100% subsidiary of Crestar Holdings Ltd.

On September 30, 2025, the Company completed the acquisition of Xirangsheng (Shenzhen) Health Technology Co., Ltd. through the issuance of 10,000,000 restricted common shares as initial consideration.

On November 28, 2025, Yuan Qi (Shenzhen) AI Co., Ltd. was formed as a 100% subsidiary of Crestar Holdings Ltd.

On December 31, 2025, the Company entered into a share exchange agreement for the acquisition of 51% of Goldfinch Group Co. Ltd. (Hong Kong), which holds 100% of Goldfinch-Chong (Fuzhou) Technology Co., Ltd. During the six months ended June 30, 2026, 4,000,000 shares were issued as consideration, with 1,000,000 shares remaining to be issued in 2026.

As of June 30, 2026, management believes that the Company has continued its strategic asset integration and capital structure repositioning and has established an initial foundation for future commercialization and business expansion, with electric two-wheeler charging infrastructure expected to be a principal area of future development.

Competition

The Company operates in competitive markets that include electric two-wheeler charging and intelligent infrastructure management, technology consulting, AI-enabled services, digital payment infrastructure, Web3-related systems, and digital asset-related platform development. These markets are characterized by rapid technological change, evolving customer demand, and the presence of both established companies and emerging market participants.

The principal competitive factors affecting the Company's business include product and platform development capability, quality and reliability of services, speed of execution, access to capital, management experience, strategic relationships, and the ability to navigate different regulatory and commercial environments.

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Competitive Challenges

The Company faces a number of business and competitive challenges, including limited operating history in several of its newer business lines, the need to integrate acquired entities, competition from larger and more established market participants, dependency on external financing, and regulatory complexity associated with cross-border operations and digital infrastructure-related business initiatives. The Company's future success will depend in part on its ability to execute its integration strategy, develop commercially viable platforms, and expand revenue-generating operations.

Intellectual Property

The Company seeks to protect its proprietary interests through applicable intellectual property laws, contractual protections, internal controls, and confidentiality arrangements, as appropriate. Goldfinch-Chong also owns two invention patents and 26 software copyrights related to its charging and technology operations.

Regulation

The Company's operations may be subject to various laws and regulations in the jurisdictions in which it conducts business, including those relating to corporate governance, securities reporting, cross-border operations, technology services, new-energy charging infrastructure and equipment safety, payments, digital assets, data handling, and other commercial activities. As the Company continues to develop its business lines, it may become subject to additional laws, regulations, licensing requirements, and compliance obligations in the United States and other jurisdictions.

Results of Operations

Three Months Ended June 30, 2026 and June 30, 2025

The following summary of our operations should be read in conjunction with our unaudited financial statements for the three months ended June 30, 2026 and 2025, which are included herein.

		Three Months Ended
		June 30,
		2026				2025				Changes				%
Gross Profit		$	117,420			$	50,000			$	67,420				135%
Operating Expenses			4,387,653				6,645,444				(2,257,791	)		(34%)
Other expenses			477,638				5,326				472,312				8,868%
Net Loss		$	4,747,871			$	6,600,770			$	(1,852,899	)		(28%)

During the three months ended June 30, 2026 and 2025, the Company generated revenue of $126,252 and $50,000, incurred cost of sales of $8,832 and $0, resulting in gross profit of $117,420 and $50,000, respectively.

During the three months ended June 30, 2026, the Company's 51% owned subsidiary Goldfinch-Chong (Fuzhou) Technology Co., Ltd. recognized e-bike charging revenue of $126,242 and wholly owned subsidiary Solan (Shenzhen) Technology Co., Ltd. recognized online medical education revenue of $10.

During the three months ended June 30, 2025, the Company recognized revenue of $50,000 through its AI-Driven Ecosystem Product Planning consulting service.

Net loss decreased during the three months ended June 30, 2026 mainly due to the decrease in operating expense.

Operating expenses decreased during the three months ended June 30, 2026 primarily due to the decreases in stock-based compensation.

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Six Months Ended June 30, 2026 and June 30, 2025

The following summary of our operations should be read in conjunction with our unaudited financial statements for the six months ended June 30, 2026 and 2025, which are included herein.

		Six Months Ended
		June 30,
		2026				2025				Changes				%
Revenue		$	248,036			$	50,000				198,036				396	%
Operating expenses			7,751,009				7,128,772				622,237				9	%
Other expenses			477,719				8,395				469,324				5,591	%
Net Loss		$	8,001,684			$	7,087,167			$	914,517				13	%

During the six months ended June 30, 2026 and 2025, the Company generated revenue of $248,036 and $50,000 and incurred cost of sales of $20,992 and $0, resulting in gross profit of $227,044 and $50,000, respectively. During the six months ended June 30, 2026, the Company's 51% owned subsidiary Goldfinch-Chong (Fuzhou) Technology Co., Ltd. recognized e-bike charging revenue of $246,882 and the Company's wholly owned subsidiary Solan (Shenzhen) Technology Co., Ltd. recognized online medical education revenue of $1,154. During the six months ended June 30, 2025, the Company recognized revenue of $50,000 through its AI-Driven Ecosystem Product Planning consulting service.

Net loss increased during the six months ended June 30, 2026 mainly due to the increase in operating expense and other expenses.

Operating expenses increased during the six months ended June 30, 2026 primarily due the increases in stock-based compensation, audit fees and accounting fees.

Other expenses increased during the six months ended June 30, 2026 primarily due the loss on change in fair value of derivative liabilities of $474,191 incurred resulted from the issuance of convertible note of $130,000 during the period.

Liquidity and Capital Resources

The following table provides selected financial data about the Company as of June 30, 2026 and December 31, 2025

Working Capital

		As of				As of
		June 30,				December 31,
		2026				2025				Changes				%
Current Assets		$	575,282			$	320,301			$	254,981				80	%
Current Liabilities		$	877,611			$	809,897			$	67,714				8	%
Working Capital (Deficiency)		$	(302,329	)		$	(489,596	)		$	187,267			(38%)

As at June 30, 2026, our Company had a working capital deficiency of $302,329 compared with a working capital deficiency of $489,596 as at December 31, 2025. The decrease in working capital deficiency was mainly due to the increase in prepaid expenses, cash and decrease in stock payable.

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Cash Flows

		Six Months Ended
		June 30,
		2026				2025				Changes				%
Cash flows provided by (used in) operating activities		$	4,589			$	(92,639	)		$	97,228			(105%)
Cash flows used in investing activities			(76,046	)			-				(76,046	)			100	%
Cash flows provided by financing activities			178,320				76,636				101,684				133	%
Effect of exchange rate changes on cash			(3,575	)			-				-			(100%)
Net changes in cash		$	103,288			$	(16,003	)		$	119,291				745	%

Cash Flow from Operating Activities

During the six months ended June 30, 2026, net cash provided by operating activities was $4,589 compared to net cash used in operating activities of $92,639 during the six months ended June 30, 2025.

Cash flows used in operating activities during the six months ended June 30, 2026, comprised of a net loss of $8,001,684, which was reduced by total stock-based compensation of $7,634,463, depreciation of $6,205, loss on change in fair value of derivative liabilities of $474,191 and amortization of debt discount of $2,137and net changes in operating assets and liabilities of $110,723, and was increased by loss on change in fair value of derivative liabilities of $474,191.

Cash flows used in operating activities during the six months ended June 30, 2025, comprised of a net loss of $7,087,167, which was increased by net changes in operating assets and liabilities of $72,028, and was reduced by stock-based compensation of $7,060,100 and amortization on intangible assets of $6,456.

Cash Flow from Investing Activities

During the six months ended June 30, 2026, the Company acquired equipment of $76,046.

During the six months ended June 30, 2025, we did not have any investing activities.

Cash Flow from Financing Activities

During the six months ended June 30, 2026 and 2025, we had net cash provided by financing activities of $178,320 and $76,636, respectively.

During the six months ended June 30, 2026, we received proceeds from issuance of convertible note of $112,000, advancement from a non-affiliate of $95,038 and advancement from the director of Xirangsheng (Shenzhen) Health Technology Co., Ltd. and Solan (Shenzhen) Technology Co., Ltd. of $3,982 offset by repayment to the director of Transuite of $32,700.

During the six months ended June 30, 2025, we received advancement from non-affiliates of $53,620 and advancement from the former director of Transuite of $23,016 for payment made to vendors on behalf of the Company.

Going Concern

As of June 30, 2026, we had an accumulated deficit of $45,587,093, Management notes, however, that a substantial portion of the Company's reported loss and operating expenses for the six months ended June 30, 2026 consisted of non-cash items, including stock-based compensation.

The Company's ability to continue as a going concern is contingent upon achieving future profitable operations and securing sufficient financing to meet operational obligations. Management plans to fund operations over the next twelve months through existing cash resources, related party support, additional debt or equity financing, and potential capital raises via public or private offerings. Management is actively pursuing these financing and business development initiatives and believes that such efforts, together with ongoing strategic expansion and liability management measures, may support the Company's operations over the next twelve months. However, there can be no assurance that the Company will be successful in obtaining sufficient financing or achieving profitable operations.

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To improve its financial position, the Company has implemented a comprehensive strategy focused on:

	1.	Revenue Growth - expanding strategic consulting, enterprise technology, and infrastructure-related service opportunities;
	2.	Strategic Expansion - integrating acquired businesses and developing scalable Web3, digital asset, and infrastructure platforms;
	3.	Market Development - building strategic partnerships and expanding commercial relationships across multiple jurisdictions;
	4.	Technology Advancement - strengthening platform capabilities, intellectual property development, and commercialization readiness.
	5.	Capital Structure and Liquidity Management - pursuing equity and debt financing opportunities, related party support, strategic capital arrangements, and liability restructuring where appropriate.

Management believes these initiatives will support long-term financial improvement and future business expansion. The Company will continue to monitor and report on their operational and financial progress.

Management notes that a substantial portion of the Company's operating expenses for the six months ended June 30, 2026 consisted of non-cash stock-based compensation associated with strategic services, corporate restructuring, and platform expansion initiatives. Management believes the Company's 2026 financial results should be evaluated in the context of its broader strategic repositioning and non-cash capitalization activities.

Management believes that 2026 should be evaluated as a strategic repositioning and platform-buildout year, during which a significant portion of reported operating expense was non-cash in nature. Management further believes that the strategic acquisitions, platform development efforts, and financing initiatives undertaken during and after six months ended June 30, 2026 provide an initial foundation for future commercialization, revenue expansion, and improved operating scale.

Off Balance Sheet Arrangements

We have no off-balance sheet arrangements including arrangements that would affect our liquidity, capital resources, market risk support and credit risk support or other benefits.

Critical Accounting Policies

The preparation of financial statements in accounting principles generally accepted in the United States of America 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. A change in managements' estimates or assumptions could have a material impact on our financial condition and results of operations during the period in which such changes occurred. Actual results could differ from those estimates. Our financial statements reflect all adjustments that management believes are necessary for the fair presentation of their financial condition and results of operations for the periods presented.

Fair Value of Financial Instruments

ASC 820 "Fair Value Measurements and Disclosures" establishes a three-tier fair value hierarchy, which prioritizes the inputs in measuring fair value. The hierarchy prioritizes the inputs into three levels based on the extent to which inputs used in measuring fair value are observable in the market.

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These tiers include:

Level 1: defined as observable inputs such as quoted prices in active markets;

Level 2: defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and

Level 3: defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions.

The carrying value of cash, prepayments and the Company's loan from shareholder approximates its fair value due to their short-term maturity.

Recent Accounting Pronouncements

Management has considered all recent accounting pronouncements issued. Our Company's management believes that these recent pronouncements will not have a material effect on our financial statements. Refer to Note 3 in the accompanying consolidated financial statements.