Quarterly Report for Quarter Ending March 31, 2026 (Form 10-Q)

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

FORWARD-LOOKING STATEMENTS

The following discussion may contain forward-looking statements regarding the Company, its business prospects and its results of operations that are subject to certain risks and uncertainties posed by many factors and events that could cause the Company's actual business, prospects and results of operations to differ materially from those that may be anticipated by such forward-looking statements. These forward-looking statements reflect our view only as of the date of this report. The Company cannot guarantee future results, levels of activity, performance, or achievement. The Company does not undertake any obligation to update or correct any forward-looking statements.

Overview

Results of Operations

Revenues

There was no revenue for the three months ended March 31, 2026 and 2025

Operating Expenses

Operating expenses increased to $38,398 for the three months ended March 31, 2026, from $16,438 for the same period ended March 31, 2025.

Our operating expenses for all periods consisted mainly of professional fees and selling, general and administrative expenses. The increase in operating expenses was primarily a result of an increase in accounting fees during the three months ended March 31, 2026.

Other Income (Expenses)

We had other expenses of $6,075 for the three months ended March 31, 2026, as compared with other expenses of $4,959 for the three months ended March 31, 2025. The increase in other expenses is primarily a result of increased interest expense resulting from the Company issuing additional notes during 2026.

Net Loss

We recorded a net loss of $38,398 for the three months ended March 31, 2026, as compared with a net loss of $21,397 for the three months ended March 31, 2025. The increase in net loss is the result of the factors discussed above.

Liquidity and Capital Resources

The accompanying financial statements have been prepared in US dollars and in accordance with accounting principles generally accepted in the United States ("GAAP") on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities and commitments in the normal course of business. During the three months ended March 31, 2026, the Company incurred a net loss of $38,398, and a accumulated deficit of $4,268,109. These conditions raise substantial doubt about the Company's ability to continue as a going concern.

We are entirely dependent on our ability to attract and receive funding from either the sale of securities or outside sources such as private investment or a strategic partner. We currently have no firm agreements or arrangements with respect to any such financing and there can be no assurance that any needed funds will be available to us on acceptable terms or at all. The inability to obtain sufficient funding of our operations in the future will restrict our ability to grow and reduce our ability to continue to conduct business operations. Our failure to raise additional funds will adversely affect our business, and may require us to suspend our operations, which in turn may result in a loss to the purchasers of our common stock. If we are unable to obtain necessary financing, we will likely be required to curtail our development plans. Any additional equity financing may involve substantial dilution to our then existing stockholders.

As of March 31, 2026, we had no assets of $0. Our total current liabilities as of March 31, 2026 were $799,915. We had a working capital deficit of $799,915 as of March 31, 2026, compared with a working capital deficit of $761,517 as of December 31, 2025.

Operating activities used $35,124 in cash for the three months ended March 31, 2026, as compared with $10,594 used for the three months ended March 31, 2025. Our negative operating cash flows for 2026 and 2025 was largely the result of our net loss for those quarters, mainly offset by changes in operating assets and liabilities and the amortization of debt discount and amortization.

We used no cash in investing activities for the three months ended March 31, 2026 and 2025.

Cash flow provided from financing activities was $27,240 for the three months ended March 31, 2026, as compared with $28,155 provided by cash flows for financing activities during the three months ended March 31, 2025.

The features of the debt instruments and payables concerning our financing activities are detailed in the footnotes to our financial statements.

Based upon our current financial condition, we do not have sufficient cash to operate our business at the current level for the next twelve months. We intend to fund operations through increased sales and debt and/or equity financing arrangements, which may be insufficient to fund expenditures or other cash requirements. We plan to seek additional financing in a private equity offering to secure funding for operations. There can be no assurance that we will be successful in raising additional capital.