Annual Report for Fiscal Year Ending 08-31, 2025 (Form 10-K)

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

Results of Operations

The following summary of our results of operations should be read in conjunction with our financial statements for the years ended August 31, 2025, and 2024, which are included herein.

Our operating results for the years ended August 31, 2025, and 2024, and the changes between those periods for the respective items are summarized as follows:

		Years Ended
		August 31,
		2025				2024				Change
Revenue		$	4,600			$	5,400			$	(800	)
Cost of goods sold			2,900				4,270				(1,370	)
Gross profit			1,700				1,130				570
Operating expenses			38,445				32,159				6,286
Net loss from operating			(36,745	)			(31,029	)			(5,716	)
Other income			-				40,957				(40,957	)
Net (loss) income		$	(36,745	)		$	9,928			$	(46,673	)

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During the years ended August 31, 2025, and 2024, we generated $4,600 and $5,400 revenues, respectively. The revenues are related to sales of golf carts.

We had net loss of $36,745 for the year ended August 31, 2025, and net income of $9,928 for the year ended August 31, 2024. The decrease in net loss of $46,673 was primarily due to a decrease in other income of $40,957.

Cost of goods sold for the years ended August 31, 2025, and 2024, was $2,900 and $4,270, respectively. Operating expenses for the years ended August 31, 2025, and 2024, were $38,445 and $32,159, respectively.

Operating expenses during the years ended August 31, 2025, and 2024, were primarily attributed to general and administration expenses of $370 and $2,540 and professional fees of $38,075 and $29,619, respectively.

Other income for the year ended August 31, 2024, consisted of forgiveness of debt from third party creditors of $40,957.

Liquidity and Capital

As of August 31, 2025, we had $1,476 in cash, $10,245 in total assets, $52,322 in liabilities and $42,077 in working capital deficit.

Our financial statements have been prepared on a going concern basis, which contemplates the realization of assets and settlement of liabilities and commitments in the normal course of business for the foreseeable future. There are no assurances that the Company will be able to either (1) achieve a level of revenues adequate to generate sufficient cash flow from operations; or (2) obtain additional financing through either private placement, public offerings and/or bank financing necessary to support its working capital requirements. To the extent that funds generated from operations and any private placements, public offerings and/or bank financing are insufficient, our Company will have to raise additional working capital. No assurance can be given that additional financing will be available, or if available, will be on terms acceptable to our Company. If adequate working capital is not available to our Company, it may be required to curtail or cease its operations.

Working Capital

The following table presents our working capital (deficit) position as at August 31, 2025, and August 31, 2024:

		As of				As of
		August 31,				August 31,
		2025				2024
Current Assets		$	10,245			$	1,264
Current Liabilities			52,322				80,419
Working Capital (Deficiency)		$	(42,077	)		$	(79,155	)

As of August 31, 2025, we had a working capital deficiency of $42,077 compared to a working capital deficiency of $79,155 as of August 31, 2024. As of August 31, 2025, we had current assets of $10,245 (August 31, 2024 - $1,264) and current liabilities of $52,322 (August 31, 2024 - $80,419). The reduction in working capital deficiency is primarily due to a decrease in accounts payable and accrued liabilities of $51,020, an increase in due to related party of $22,923, offset by an increase in cash of $481 and inventory of $8,500.

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Cash Flow

We fund our operations with cash generated from sales, capital contributions, debt, and issuances of Common Stock.

The following table presents our cash flow for the years ended August 31, 2025 and 2024:

		Years Ended
		August 31,
		2025				2024
Cash used in operating activities		$	(519	)		$	(1,156	)
Cash provided by financing activities			1,000				-
Net change in cash for the period		$	481			$	(1,156	)

Cash Flows from Operating Activities

For the year ended August 31, 2025, net cash used in operating activities was $519 compared to $1,156 during the year ended August 31, 2024. For the year ended August 31, 2025, we had a net loss of $36,745, which was decreased by related party advances funding operations of $95,746 and increased by a change in working capital of $59,520.For the year ended August 31, 2024, we had a net income of $9,928, which was decreased by a gain on forgiveness of debt of $40,957 and increased by a change in working capital of $29,873.

Cash Flows from Investing Activities

During the years ended August 31, 2025, and 2024, we had no cash used in investing activities.

Cash Flows from Financing Activities

For the years ended August 31, 2025, and 2025, we received $1,000 and $0 advance from a related party for financing activities, respectively.

Contractual Obligations

As a "smaller reporting company," we are not required to provide tabular disclosure obligations.

Off-Balance Sheet Arrangements

We have no off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that is material to stockholders.

Critical Accounting Policies

We prepare our financial statements in conformity with Generally Accepted Accounting Principles ("GAAP") of the United States, which requires management to make certain estimates and apply judgments. We base our estimates and judgments on historical experience, current trends and other factors that management believes to be important at the time the financial statements are prepared. On a regular basis, we review our accounting policies and how they are applied and disclosed in our financial statements.

While we believe that the historical experience, current trends and other factors considered support the preparation of our financial statements in conformity with GAAP, actual results could differ from our estimates and such differences could be material.

Inventory

All inventory is finished goods. Inventories are stated at the lower of cost or net realizable value. Our Company utilizes first-in first-out for inventory items held. We periodically review inventories for obsolescence and any inventories identified as obsolete are written down. Although we believe that the assumptions used to estimate inventory write-downs are reasonable, future changes in these assumptions could provide a significantly different result.

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Revenue recognition

Revenue is earned from the reselling of new and used sports equipment. The Company applies the following five steps in order to determine the appropriate amount of revenue to be recognized as it fulfils its obligations pursuant to each of its equipment sales transactions:

	·	identify the contract with a customer;
	·	identify the performance obligations in the contract;
	·	determine the transaction price;
	·	allocate the transaction price to performance obligations in the contract; and
	·	recognize revenue as the performance obligation is satisfied.

The Company operates as an online-only retailer and utilizes eBay as its prime marketing channel. The Company currently relies on eBay, a third-party marketplace, to facilitate its sales. Such reliance on any third-party platform to generate revenues carries with it certain risks, including but not necessarily limited to: the Company could violate the terms of service and lose its selling privileges, or the sites themselves could experience technical issues and/or fail. The Company always strives to abide by the policies of any third-party platform and endeavors to provide superior customer service.

Typical sales transactions are usually fulfilled within twenty-four (24) hours of completing the transaction online. Contracts stating the transaction price and our performance obligation to deliver the ordered products are deemed to be entered into on eBay at the time the customer submits payment, which is conducted through the PayPal payment platform. Due to the instantaneous nature of a customer submitting an order online at a stated price and the same (or next)-day shipment of product, the Company does not anticipate that variable consideration or contract assets or liabilities will arise in the normal course of business.

Revenues are recognized based on the sales contract price, net of sales taxes, when control of the promised goods are transferred to a customer, in an amount that reflects the consideration that the Company expects to receive in exchange for those goods. Our contracted prices primarily include cost of inventory, shipping and handling, eBay commission fee and our margin, which varies depending on each item. We may provide incentives to our customers from time-to-time, including discounts, coupons and rewards, which are treated as a reduction in revenue. The Company does not accept returns and clearly indicates this in our listings. However, if a customer receives an item that is not as described in the eBay listing, we must follow the eBay money-back guarantee policy which obligates us to issue a full refund within three (3) business days. We do not provide an estimate for returns as we do not anticipate any returns in the normal course of business.

Consignment Sales

The Company, as a consignee, provides a service to sell tennis racquets through its online marketplace with eBay. The Company retains a percentage of the proceeds received as payment for its consignment items, which the Company refers to as its "take rate." The Company recognizes consignment revenue upon shipment of the consigned good to a customer as its performance obligation of providing consignment services to the consignor is satisfied at that point. The Company reports consignment revenue on a net basis as an agent and not the gross amount collected from a customer. Title to the consigned goods remain with the consignor until transferred to a customer subsequent to purchase of the consigned goods. In any event of damage or loss of consignment items, the Company will recognize an expense and will pay all related disbursements. The Company does not take title of consigned goods at any time.

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Other Sales

The Company purchases used golf carts as their own inventory for resale. The Company reports revenue on a gross basis from amounts collected from the customer upon transferring the product to the buyer.

Cost of Goods Sold

Cost of goods sold includes the following expenses: inventory costs and expenses related to eBay fees, repair, fuel and shipping services.

Concentration

For the years ended August 31, 2025, and 2024, customer and supplier concentrations (more than 10%) were as follows:

Revenue

During the years ended August 31, 2025, and 2024, three (3) customers represented 100% and five (5) customers represented 100% of our revenue, respectively.

Purchases

During the years ended August 31, 2025, and 2024, three (3) suppliers represented 75% and five (5) suppliers represented 100% of our purchases, respectively.

Accounts receivable

As of August 31, 2025, and 2024, the accounts receivable balances were nil.