Quarterly Report for Quarter Ending December 31, 2025 (Form 10-Q)

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.

The following information should be read in conjunction with (i) the financial statements of Agentix Corp., a Nevada corporation (the "Company"), and development stage company, and the notes thereto appearing elsewhere in this Form 10-Q together with (ii) the more detailed business information and the March 31, 2025 audited financial statements and related notes included in the Company's Form 10-K (File No. 000-55383; the "Form 10-K"), as filed with the Securities and Exchange Commission. Statements in this section and elsewhere in this Form 10-Q that are not statements of historical or current fact constitute "forward-looking" statements.

Company Overview

We were incorporated in the State of Nevada on April 18, 2013 and we initially established a fiscal year end of August 31. In March 2022, we changed our year end to March 31.

CRITICAL ACCOUNTING POLICIES

The discussion and analysis of our financial condition and results of operations are based on our consolidated financial statements, which have been prepared in accordance with accounting principles generally accepted in the United States ("US GAAP"). The preparation of these consolidated financial statements requires us to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosure of contingent assets and liabilities. On an ongoing basis, we evaluate our estimates based on historical experience and on various other assumptions that are believed 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 from these estimates under different assumptions or conditions. For the periods presented, we concluded that no accounting policies required such extensive judgment or complexity that they should be classified as critical to understanding our financial condition or operating results.

Basis of Accounting

Our financial statements and related notes have been prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP"), and with the rules and regulations of the SEC to Form 10-Q and Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. The unaudited interim financial statements furnished reflect all adjustments (consisting of normal recurring accruals) which are, in the opinion of management, necessary to a fair statement of the results for the interim periods presented. Unaudited interim results are not necessarily indicative of the results for the full fiscal year. These financial statements should be read in conjunction with our audited financial statements for the reporting period ended March 31, 2025 and notes thereto contained in our Annual Report on Form 10-K.

Recent Accounting Pronouncements

We do not expect the adoption of recently issued accounting pronouncements to have a significant impact on its results of operations, financial position or cash flow.

RESULTS OF OPERATIONS

Three Months Ended December 31, 2025 as compared to Three Months Ended December 31, 2024:

We recorded no revenues during the three months ended December 31, 2025 and 2024.

For the three months ended December 31, 2025, professional fees were $50,678 as compared to $56,632 for the three months ended December 31, 2024, a decrease of $5,954. The increase in professional fees was mainly due to higher accounting and consulting fees.

For the three months ended December 31, 2025, research and development expenses were $0, compared to $23,287 for the same period in 2024, reflecting an decrease of $23,287. The decrease was mainly related to reduced R&D consulting costs.

For the three months ended December 31, 2025, general and administrative expenses were $16,785 as compared to $16,896 for the three months ended December 31, 2024, a slight decrease of $111. The decrease was primarily related to lower software and other administrative costs.

For the three months ended December 31, 2025, foreign exchange gain was $2,672 compared to a loss of $35,784 for the three months ended December 31, 2024, a $38,456 less favorable variance due primarily to fluctuations in currency exchange rates.

For the three months ended December 31, 2025, interest expense, net was $13,804 as compared to $11,295 for the three months ended December 31, 2024. The increase of $2,509 related to higher average borrowings and related financing costs during the period.

For the three months ended December 31, 2025, other income was $0 (no comparable amount in the prior-year quarter).

As a result, net loss for the three months ended December 31, 2025 was $78,595, as compared to a net loss of $143,894 for the three months ended December 31, 2024. Other comprehensive loss for the three months ended December 31, 2025 included a favorable foreign currency translation adjustment of $1,367 (compared to an unfavorable $63,927 in the prior-year period), resulting in total comprehensive loss of $79,962 versus $79,967 in the prior-year period.

Nine Months Ended December 31, 2025 as compared to Nine Months Ended December 31, 2024:

We recorded no revenues during the nine months ended December 31, 2025 and 2024.

For the nine months ended December 31, 2025, professional fees were $214,536 as compared to $197,942 for the nine months ended December 31, 2024, an increase of $16,594. The increase in professional fees was mainly due to higher accounting, legal and consulting support.

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For the nine months ended December 31, 2025, research and development expenses were $125,079 as compared to $90,638 for the same period in 2024, an increase of $34,441, primarily related to increased R&D consulting and project activity.

For the nine months ended December 31, 2025, general and administrative expenses were $51,287 as compared to $52,550 for the nine months ended December 31, 2024, a decrease of $1,263, reflecting cost controls and lower software and overhead expenses.

For the nine months ended December 31, 2025, foreign exchange gain was $20,961 compared to a loss of $15,376 for the nine months ended December 31, 2024, a $36,337 less favorable variance due primarily to currency fluctuations.

For the nine months ended December 31, 2025, interest expense, net was $59,189 as compared to $28,774 for the nine months ended December 31, 2024, an increase of $30,415, related to higher average debt balances and related financing costs.

For the nine months ended December 31, 2025, other income was $20,604, consisting primarily of a gain recognized on the settlement of accounts payable (no comparable amount in the prior-year period).

As a result, net loss for the nine months ended December 31, 2025 was $408,526, as compared to a net loss of $385,280 for the nine months ended December 31, 2024. Other comprehensive loss for the nine months ended December 31, 2025 included an unfavorable foreign currency translation adjustment of $14,775 (compared to an unfavorable $28,759 in the prior-year period), resulting in total comprehensive loss of $393,751 versus $356,521 in the prior-year period.

Liquidity and Capital Resources

Our unaudited consolidated financial statements have been prepared assuming that we will continue as a going concern, which contemplates continuity of operations, realization of assets, and liquidation of liabilities in the normal course of business. As reflected in our unaudited consolidated financial statements for the nine months ended December 31, 2025, we had an accumulated deficit, we had a net loss along with negative cash generated from our operations and we have a negative working capital. In addition, we owe our vendors and related parties $3,504,397 as of December 31, 2025. Although, on January 15, 2023 and June 15, 2023, we entered into two separate Mezzanine Secured Note ("Notes") in the principal amount up to $200,000 and $500,000, respectively, with Gray's Peak Private Credit LLC (see Note 3 to the unaudited consolidated financial statements), the debt maturity of these Notes is short term. These factors raise substantial doubt about our ability to continue as a going concern.

We are attempting to commence operations and generate sufficient revenue; however, our cash position is not sufficient to support our daily operations. As such, we will need to raise funds to complete our plan of operation and fund our ongoing operational expenses for the next 12 months. Additional funding will likely come from equity financing from the sale of our common stock or debt financing. If we are successful in completing an equity financing, existing shareholders will experience dilution of their interest in our Company and if we obtain debt financing, the terms of any such debt financing may not be favorable to existing shareholders. We cannot provide investors with any assurance that we will be able to raise sufficient funding from the sale of our common stock or obtaining debt to fund our development activities and ongoing operational expenses. In the absence of such financing, our business will likely fail. There are no assurances that we will be able to achieve further sales of our common stock or any other form of additional financing. If we are unable to achieve the financing necessary to continue our plan of operations, then we will not be able to continue our development to complete our plan of operation and our business will fail.

Off-Balance Sheet Arrangements

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

Subsequent Events

In accordance with ASC 855, we have analyzed our operations subsequent to December 31, 2025 through the date these financial statements were issued, and have determined that we don't have any other material subsequent events to disclose in these financial statements.

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