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

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

FORWARD-LOOKING STATEMENTS AND FACTORS THAT MAY AFFECT FUTURE RESULTS

This Quarterly Report on Form 10-Q contains forward-looking statements that involve risks and uncertainties, as well as assumptions that, if they do not materialize or prove correct, could cause our results to differ materially from those expressed or implied by such forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including, but not limited to, statements concerning: our plans, strategies and objectives for future operations; new products or developments; future economic conditions, performance or outlook; the outcome of contingencies; expected cash flows or capital expenditures; our beliefs or expectations; activities, events or developments that we intend, expect, project, believe or anticipate will or may occur in the future; and assumptions underlying any of the foregoing. Forward-looking statements may be identified by their use of forward-looking terminology, such as "believes," "expects," "may," "should," "would," "will," "intends," "plans," "estimates," "anticipates," "projects" and similar words or expressions. You should not place undue reliance on these forward-looking statements, which reflect our management's opinions only as of the date of the filing of this Quarterly Report on Form 10-Q and are not guarantees of future performance or actual results.

Overview

Fast Casual was incorporated to develop, build, operate and franchise casual eating establishments. All restaurant development, building, operations and franchising operations were discontinued by the end of 2024. Fast Casual acquired CK Distribution ("CK") in November 2024 to pursue production, market and sale of specialty drink mixes. During June 2025, Fast Casual and the former owner of CK agreed to terminate the acquisition agreement. As such, all balances and activity related to the CK specialty drink mix business have been shown as discontinued operations for the six months ended June 30, 2025. On September 23, 2025, the Company incorporated GDS Lumina, Inc. ("GDS") under the laws of the state of Wyoming to pursue digital marketing, our current operations.

Going Concern

At June 30, 2026, we had $10,681 in total assets, all current, $41,367 in current liabilities and a $2,058,549 accumulated deficit. Our current liquidity resources are not sufficient to fund the anticipated level of operations for at least the next 12 months from the date these consolidated financial statements were issued. As a result, there is substantial doubt regarding the Company's ability to continue as a going concern.

The ability to continue Fast Casual's operations depends on its ability to generate and grow revenue and results of operations as well as our ability to access capital markets when necessary to accomplish strategic objectives. We expect to continue to incur losses for the immediate future and will need additional equity or debt financing until we can achieve profitability and positive cash flows from operating activities. Our future capital requirements for operations will depend on many factors, including the ability to generate revenues and obtain capital.

There is no assurance that we will ever be profitable or that debt or equity financing will be available to us. The consolidated financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classifications of liabilities that may result should we be unable to continue as a going concern. There is no assurance we will be successful in any of these goals.

Results of Operations

For the Three Months Ended June 30, 2026 and 2025

Revenues

We recognized $27,900 and $18,500 in revenues during the three months ended June 30, 2026 and 2025, respectively, from providing digital marketing services.

Operating Expenses

Operating expenses were $36,225 during the three months ended June 30, 2026, compared to $11,765 during the three months ended June 30, 2025. Operating expenses consisted of $17,876 and $4,400 in operating expenses such as contract labor related to the delivery of digital marketing services, $16,129 and $3,148 in professional fees and $2,220 and $4,217 in general and administrative expenses during the three months ended June 30, 2026 and 2025, respectively. Increases in operating expenses and professional fees are mainly related to the Company's discontinuation of the specialty beverage distribution business and entry into the digital marketing business during the second quarter of 2025.

Other Expenses

Total other expenses consisted of $1,069 and $2,127 of interest expenses and $0 and $7,999 in losses from disposal of subsidiary during the three months ended June 30, 2026 and 2025, respectively.

Net Loss from Continuing Operations

As a result of the above, we recognized net loss of $9,394 and $3,391 for the three months ended June 30, 2026 and 2025, respectively.

Net Loss from Discontinued Operations

Net loss from discontinued operations related to the specialty beverage distribution business totaled $0 and $33,637 for the three months ended June 30, 2026 and 2025, respectively.

Net Loss

As a result of the above, we recognized net losses of $9,394 and $37,028 for the three months ended June 30, 2026 and 2025, respectively.

For the Six months Ended June 30, 2026 and 2025

Revenues

We recognized $55,800 and $18,500 in revenues during the six months ended June 30, 2026 and 2025, respectively, from providing digital marketing services.

Operating Expenses

Operating expenses were $65,023 during the six months ended June 30, 2026, compared to $21,424 during the six months ended June 30, 2025. Operating expenses consisted of $35,707 and $4,400 in operating expenses such as contract labor related to the delivery of digital marketing services, $24,698 and $12,737 in professional fees and $4,618 and $4,287 in general and administrative expenses during the six months ended June 30, 2026 and 2025, respectively. Increases in all categories are mainly related to the Company's discontinuation of the specialty beverage distribution business and entry into the digital marketing business during the second quarter of 2025.

Other Expenses

Total other expenses consisted of $2,128 and $2,127 of interest expenses and $0 and $7,999 in losses from disposal of subsidiary during the six months ended June 30, 2026 and 2025, respectively.

Net Loss from Continuing Operations

As a result of the above, we recognized net loss of $11,351 and $13,050 for the six months ended June 30, 2026 and 2025, respectively.

Net Loss from Discontinued Operations

Net loss from discontinued operations related to the specialty beverage distribution business totaled $0 and $60,939 for the six months ended June 30, 2026 and 2025, respectively.

Net Loss

As a result of the above, we recognized net losses of $11,351 and $73,989 for the six months ended June 30, 2026 and 2025, respectively.

Liquidity and Capital Resources of the Company

Total and Current Assets

Total assets were $10,681 and $10,127 at June 30, 2026 and December 31, 2025, respectively, all current. Current assets consisted of $6,306 in cash and $4,375 in prepaid assets. Current assets as of December 31, 2025 totaled $10,127, consisting of $202 in cash, $9,300 in accounts receivable and prepaid assets of $625.

Total Liabilities

Total liabilities were $176,851 and $164,946 at June 30, 2026 and December 31, 2025, respectively. Total liabilities consist of current liabilities of $29,367 and $50,462 and non-current liabilities of $147,484 and $114,484 at June 30, 2026 and December 31, 2025, respectively.

Current Liabilities

Current liabilities totaled $26,367 and $50,462 as of as of June 30, 2026 and December 31, 2025, respectively. Current liabilities consisted of accounts payable and accrued expenses totaling $9,886 and $30,981, respectively, and notes payable to related parties totaling $19,481 and $19,481, respectively.

Non-Current Liabilities

Non-current liabilities totaled $147,484 and $114,484 as of as of June 30, 2026 and December 31, 2025, respectively. Non-current liabilities consisted of a notes payable of $114,484 and $114,400, respectively, and notes payable to related parties totaling $33,000 and $0, respectively.

Net Cash Used in Operating Activities

During the six months ended June 30, 2026, our operating activities used net cash of $26,896. Uses of cash during the six months ended June 30, 2026 are mainly due to a $21,095 decrease in accounts payable and accrued expenses, a $3,750 increase in prepaid assets and the $13,351 in net loss, partially offset by a $9,300 decrease in accounts receivable.

During the six months ended June 30, 2025, our operating activities used net cash of $62,285. Uses of cash during the six months ended June 30, 2025 are mainly due to the $73,989 net loss as well as a $3,880 increase in prepaid assets and $18,500 increase in accounts receivable. Uses are partially offset by a $14,458 increase in accounts payable and accrued expenses and net changes of $11,627 in discontinued lease assets and liabilities.

Net Cash Provided by Financing Activities

During the six months ended June 30, 2026 and 2025, we received $33,000 and $56,481 from notes payable from related parties and $0 and $6,000 in cash from the sale of common stock, respectively.

At June 30, 2026 and December 31, 2025, we had a working capital deficit of $18,686 and $40,335, respectively.

Off-Balance Sheet Arrangements

We had no off-balance sheet arrangements of any kind for the six months ended June 30, 2026 or 2025.

Critical Accounting Policies

Our discussion and analysis of our financial condition and results of operations are based upon our financial statements, which have been prepared in accordance with accounting principles generally accepted in the United States. The preparation of these financial statements requires us to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosures of contingent assets and liabilities. We continuously evaluate our critical accounting policies and estimates. We base our estimates on historical experience and on various assumptions that we believe to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ materially from these estimates under different assumptions or conditions.

We believe the following critical accounting policies are important to the portrayal of our financial condition and results of operations and require our management's subjective or complex judgment because of the sensitivity of the methods, assumptions and estimates used in the preparation of our financial statements.

Accounts Receivable

Trade accounts receivable are recorded at invoiced amounts. Fast Casual does not provide any unusual contractual trade terms, sales incentive programs or discounts. Allowances for doubtful accounts are established for estimated losses resulting from the inability of customers to make required payments. Allowances are determined based on a review of specific customer accounts where collection is doubtful, as well as an assessment of the collectability of total receivables. Receivables are written off against the allowance when it is determined that the amounts will not be recovered.

Revenue Recognition

We recognize revenue in accordance with the provisions of Financial Accounting Standards Board ("FASB") Accounting Series Codification ("ASC") 606, Revenue From Contracts With Customers ("ASC 606"), which provides guidance on the recognition, presentation, and disclosure of revenue in financial statements. ASC 606 outlines the basic criteria that must be met to recognize revenue and provides guidance for disclosure related to revenue recognition policies. Accordingly, we recognize revenue based on the allocation of the transaction price to each performance obligation as each performance obligation in a contract is satisfied. We generated revenue from continuing operations from the sale of digital marketing services during the six months ended June 30, 2026.

Leases

Operating lease liabilities represented the present value of lease payments not yet paid. Operating lease assets represented rights to use an underlying asset and are based upon the operating lease liabilities adjusted for prepayments or accrued lease payments, initial direct costs, lease incentives, and impairment of operating lease assets. To determine the present value of lease payments not yet paid, incremental borrowing rates corresponding to the reasonably certain lease term were estimated. If the estimate of our incremental borrowing rate was changed, operating lease assets and liabilities could differ materially. Stock Based Compensation

Stock Based Compensation

We record stock-based compensation using the fair value method. Equity instruments issued to employees and the cost of the services received as consideration are measured and recognized based on the fair value of the equity instruments issued. All transactions with non-employees in which goods or services are the consideration received for the issuance of equity instruments are accounted for based on the fair value of the consideration received or the fair value of the equity instrument issued, whichever is more reliably measurable.

Income Taxes

We account for income taxes under the asset and liability method, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements. Under this method, deferred tax assets and liabilities are determined based on the differences between the financial statements and tax basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. Valuation allowances are established when necessary to reduce deferred tax assets to the amount expected to be realized.