Annual Report for Fiscal Year Ending November 30, 2025 (Form 10-K)

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

Statements made in this Form 10-K that are not historical or current facts are "forward-looking statements" made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 (the "Act") and Section 21E of the Securities Exchange Act of 1934. These statements often can be identified by the use of terms such as "may", "will", "expect", "believe", "anticipate", "estimate", "approximate" or "continue", or the negative thereof. We intend that such forward-looking statements be subject to the safe harbors for such statements. We wish to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Any forward-looking statements represent management's best judgment as to what may occur in the future. However, forward-looking statements are subject to risks, uncertainties and important factors beyond our control that could cause actual results and events to differ materially from historical results of operations and events and those presently anticipated or projected. We disclaim any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statement or to reflect the occurrence of anticipated or unanticipated events.

RESULTS OF OPERATIONS

Years ended November 30, 2025 compared to November 30, 2024

Revenues

During the years ended November 30, 2025 and 2024, we have generated total revenue of $325,000 and $104,450, respectively. For the year ended November 30, 2025, the revenue was received from the sale of Company's subscriptions.

In 2025, the subsidiary Mei Sheng Corporation Limited started the business and focused on expanding market share,in Asia Pacific which caused an increase in revenue for the year ended November 30, 2025 compared to the year ended November 30, 2024.

Operating Expenses

Total operating expenses for the years ended November 30, 2025 were $242,292 compared to $395,604 for the year ended November 30, 2024. Our operating expenses consisted of general and administrative costs of $1,791 (November 30, 2024 - $1,115), director fee of $0 (November 30, 2024 - $62,000), professional fees of $61,903 (November 30, 2024 - $84,448), server expense of $125,916 (November 30, 2024 - $172,367),software development expense of $0 (November 30, 2024 - $26,640) and amortization of $52,682 (November 30, 2024 - $49,034). Expenses decreased in the year ended November 30, 2025 primarily due to the reduction in director fees,server expenses, professional fees and software development expense.

Other Income (Expenses)

The total income for the years ended November 30, 2025 and 2024 was $40 and $154,308, respectively. In 2025, other income consisted of interest income of $31 and exchange gain of $9. In 2024, other income consisted entirely of a gain on debt forgiveness of $154,308.

Net Losses

The net loss for the year ended November 30, 2025, was $67,152 compared to $136,846 for the year ended November 30, 2024, due to the factors discussed above.

Liquidity and Capital Resources

As of November 30, 2025, our total assets were $183,552, which comprised cash of $131,710, and capitalized software costs, net of $51,842. Our total liabilities were $574,813, which comprised accounts payable and accrued expenses of $127,395 and amount due to director of $447,418.

As of November 30, 2024, our total assets were $178,708, which comprised cash of $57, amount due from director of $74,128 and capitalized software costs, net of $104,523. Our total liabilities were $502,817, which comprised accounts payable and accrued expenses of $3,479 and amount due to director of $499,338.

Stockholders' deficit increased from $324,109 as of November 30, 2024 to $391,261 as of November 30, 2025, which was mainly due to the net loss of $67,152 incurred during the current period.

The Company had an accumulated deficit of $564,891 as of November 30, 2025, compared to $497,739 as of November 30, 2024, and further losses are anticipated in the development of its business.

During the year ended November 30, 2025, the Company provided $109,446 of cash in operating activities. This was primarily due to the net loss of $67,152, which was adjusted by non-cash amortization expense of $52,682, and a significant increase in accounts payable and accrued expenses of $123,916.

Net cash flows provided by (used in) investing activities for the year ended November 30, 2025 were $0, as there were no proceeds from the sale of assets or other investing activities.

Net cash flows provided by (used in) financing activities for the year ended November 30, 2025, were $22,207, which were due to net related party activity.

Critical Accounting Policies and Significant Judgments and Estimates

Cash and Cash Equivalents

The Company considers all highly liquid investments with original maturities of three months or less to be cash equivalents.

Revenue Recognition

The Company recognizes revenue in accordance with Accounting Standards Update ("ASU") No. 2014-09, "Revenue from Contracts with Customer". The Company applies the following five steps in order to determine the appropriate amount of revenue to be recognized as it fulfills its obligations under each of its agreements:

Step 1: Identify the contract with a customer

Step 2: Identify the performance obligations in the contract

Step 3: Determine the transaction price

Step 4: Allocate the transaction price to the performance obligations in the contract

Step 5: Recognize revenue when (or as) the entity satisfies a performance obligation

The Company recognizes revenue when title, ownership, and risk of loss pass to the customer, all of which occurs upon shipment or delivery of the product. There are no additional performance obligations. The transaction price is fixed in the invoice. The Company does not apply discounts.

Capitalized Software Costs

The Company capitalizes the application development phase costs of internal use software in accordance with Accounting Standards Codification ("ASC") 350-40, "Intangibles-Goodwill and Other-Internal Use Software". Capitalized costs will be amortized on a straight-line basis over the estimated useful life of the asset upon completion.

Impairment of Long-Lived Assets

The Company reviews long-lived assets for impairment whenever events or changes in circumstances indicate that the asset's carrying amount may not be recoverable. The Company conducts its long-lived asset impairment analyses in accordance with ASC 360-10-15, "Impairment or Disposal of Long-Lived Assets". ASC 360-10-15 requires the Company to group assets and liabilities at the lowest level for which identifiable cash flows are largely independent of the cash flows of other assets and liabilities and evaluate the asset group against the sum of the undiscounted future cash flows. If the undiscounted cash flows do not indicate the carrying amount of the asset is recoverable, an impairment charge is measured as the amount by which the carrying amount of the asset group exceeds its fair value based on discounted cash flow analysis or appraisals.

Use of Estimates

The preparation of financial statements in conformity with 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 amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Off-Balance Sheet Arrangements

As of November 30, 2025, we did not have any off-balance sheet arrangements that have or are reasonably likely to have a material current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations liquidity, capital expenditures or capital resources.

Limited Operating History and Need for Additional Capital

There is no historical financial information about us upon which to base an evaluation of our performance. We are in start-up stage operations and have generated limited revenues. Our business is subject to risks inherent in the establishment of a new business enterprise, including limited capital resources and possible cost overruns due to price and cost increases in services and products.

We have no assurance that future financing will be available to us on acceptable terms. If financing is not available on satisfactory terms, we may be unable to continue, develop or expand our operations. Equity financing could result in additional dilution to existing shareholders.