Annual Report for Fiscal Year Ending July 31, 2026 (Form 10-K)

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

The following Management's Discussion and Analysis of Financial Condition and Results of Operations is intended to provide information necessary to understand our audited financial statements for the fiscal year ended July 31, 2026, and the period from May 27, 2025 (inception) through July 31, 2025, and highlight certain other information which, in the opinion of management, will enhance a reader's understanding of our financial condition, changes in financial condition and results of operations. In particular, the discussion is intended to provide an analysis of significant trends and material changes in our financial position and the operating results of our business during the year ended July 31, 2026, as compared to the period from May 27, 2025 (inception) through July 31, 2025. This discussion should be read in conjunction with our financial statements for the fiscal year ended July 31, 2026, and the period from May 27, 2025 (inception) through July 31, 2025, and related notes included elsewhere in this 10-K. These historical financial statements may not be indicative of our future performance. This Management's Discussion and Analysis of Financial Condition and Results of Operations contains numerous forward-looking statements, all of which are based on our current expectations.

Throughout this report, the terms "our", "we", "us", and the "Company" refer to Siltrium Tech Corporation.

Forward Looking Statements

All statements other than statements of historical facts contained in this report, including statements regarding future operations, are forward-looking statements. In some cases, forward-looking statements may be identified by words such as "believe", "may", "will", "estimate", "continue", "anticipate", "intend", "could", "would", "expect", "objective", "plan", "potential", "seek", "grow", "target", "if", and similar expressions intended to identify forward-looking statements. We have based these forward-looking statements largely on our current expectations and projections about future events and trends that we believe may affect our financial condition, results of operations, business strategy, short-term and long-term business operations, objectives, and financial needs.

Results of Operations

To date, our operations have consisted of limited revenues from subscriptions sales, development and expansion of our online platform. We incur expenses as a result of being a public company (for legal, financial reporting, accounting and auditing compliance), as well as expenses associated with improving our online platform.

Components of Our Results of Operations

We have been a research and development stage company, and our historical results may not be indicative of our future results for reasons that may be difficult to anticipate. Accordingly, the drivers of our future financial results, as well as the components of such results, may not be comparable to our historical or projected results of operations.

Results of Operations for the Year Ended July 31, 2026, and the Period from May 27, 2025 (Inception) through July 31, 2025:

Revenue

The Company had $43,670 and $0 in revenues for the years ended July 31, 2026 and the period from May 27, 2025 (Inception) through July 31, 2025, respectively. Revenues increased by $43,670, or 100%, due to the launch of the Company's online platform during the current year.

Operating Expenses

We had total operating expenses of $95,096 and $4,199 during the year ended July 31, 2026, and the period from May 27, 2025 (Inception) through July 31, 2025, respectively. The operating expenses for the year ended July 31, 2026, included amortization expense of $39,427 and general and administrative expenses of $55,669, which included professional fees from our auditors and attorney, server rental cost, software maintenance expense, and marketing services. Total operating expenses for the period from Inception through July 31, 2025, were $4,199 consisting of general and administrative expenses. Total operating expenses for 2026 increased by 2,165%, or $90,897, primarily due to increased operating activity during the current year.

Net Loss

During the year ended July 31, 2026, and the period from May 27, 2025 (Inception) through July 31, 2025, we had a net loss of $51,426 and $4,199, respectively, as a result of our revenue and operating expenses described above.

LIQUIDITY AND CAPITAL RESOURCES AND CASH REQUIREMENTS

The following table summarizes total current assets, liabilities and working capital deficit as of July 31, 2026 and 2025:

As of July 31, 2026 and 2025, the Company had cash of $115 and $500, respectively. The Company had a working capital deficit of $174,998 and $25,599 as of July 31, 2026 and 2025, respectively.

The following table summarizes cash flows from operating, investing and financing activities for the year ended July 31, 2026, and the period from May 27, 2025 (Inception) through July 31, 2025:

Cash flows provided by operating activities was $6,030 for the year ended July 31, 2026, made up of a net loss of $51,426, offset by amortization of $39,427, an increase in prepaid expenses of $19,980, an increase in accounts payable of $21,339, and an increase in deferred revenue of $16,670. Cash flows provided by operating activities for the period from May 27, 2025 (inception) through July 31, 2025, was $801, consisting of our net loss of $4,199 and an increase in accounts payable of $5,000.

Cash flows used in investing activities was $179,900 for the year ended July 31, 2026, due to the purchase of intangible assets. Cash flows used in investing activities for the period from May 27, 2025 (inception) through July 31, 2025, was $29,000, for the purchase of intangible assets.

Cash flows provided by financing activities was $173,485 for the year ended July 31, 2026, consisting of proceeds from issuance of common stock of $42,500 and proceeds from a related party loan of $130,985. Cash flows from financing activities for the period from May 27, 2025 (inception) through July 31, 2025, was $28,699, consisting of advances from related parties of $21,099 and $7,600 of cash proceeds from the sale of common stock.

As of July 31, 2026, our independent auditor issued a "going concern" opinion which means that there is substantial doubt on the matter of us continuing as an on-going business for the next twelve months if we do not obtain additional capital. We do not anticipate generating substantial revenues before we implement our plan of operations. The only source of cash we have currently is investments made by others, including amounts contributed by our CEO in conjunction with a related party loan. We have to raise cash in order to implement our strategy and stay in business.

OFF-BALANCE SHEET ARRANGEMENTS

As of July 31, 2026, there are no off-balance sheet arrangements that have or are might have any effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources.

CRITICAL ACCOUNTING POLICIES

Use of Estimates

The preparation of financial statements with accounting principles generally accepted in the United States of America 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 amounts of revenues and expenses during the reporting period. A change in managements' estimates or assumptions could have a material impact on the Company's financial condition and results of operations during the period in which such changes occurred. Actual results could differ from those estimates. The Company's financial statements reflect all adjustments that management believes are necessary for the fair presentation of their financial condition and results of operations for the periods presented.

Intangible Assets and Impairment

The Company follows the provisions of Accounting Standards Codification ("ASC") 350, "Intangibles-Goodwill and Other" and early adopted Accounting Standards Update No. 2025-06- Intangibles-Goodwill and Other-Internal-Use Software (subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software. Definite-lived intangible assets can represent developed technology, website development costs, non-compete agreements, customer related intangible assets, patents, trademark and trade names and are amortized over their estimated useful lives, generally on a straight-line basis. Indefinite lived intangible assets can relate to domain names owned by the Company.

The Company recognizes amortization in the month after the asset is placed in service and costs incurred to renew or extend the life of an intangible asset are expensed as incurred.

Intangible assets are tested for impairment at least annually and when events or changes in circumstances indicate that, more-likely-than-not, the asset is impaired. When such events or changes in circumstances are present, the Company assesses the recoverability of intangible assets by determining whether the carrying value of such assets will be recovered through undiscounted expected future cash flows. If the total of the future cash flows is less than the carrying amount of those assets, the Company recognizes an impairment loss based on the excess of the carrying amount over the fair value of the assets. Assets to be disposed of are reported at the lower of the carrying amount or the fair value less costs to sell. Significant judgment is required in estimating fair values and performing indefinite-lived intangible asset impairment tests.

Revenue Recognition

The Company recognizes revenue in accordance with ASC 606, "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 as its performance obligations are satisfied in accordance with the terms of the contract. The Company generates revenue through subscription-based access to its services and API functionality, where providing access is the Company's performance obligation. Customers purchase a fixed number of requests and are generally given access to the Company's product for one-month periods. Fixed subscription fees are recognized ratably over the applicable subscription period as the related services are provided, regardless of the number of requests actually used by the customer during the subscription period. Unused requests expire at the end of the subscription period and do not carry forward. All subscription fees must be paid in full up front and are non-refundable unless expressly stated otherwise. Refunds may be considered only in limited cases, such as verified duplicate charges, demonstrable technical errors preventing access to the purchased Services, or other circumstances determined solely at the Company's discretion.

Recent Accounting Pronouncements

In November 2024, the FASB issued ASU 2024-03, Income Statement - Reporting Comprehensive Income Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses, which requires incremental disclosure about specific expense categories, including but not limited to, purchases of inventory, employee compensation, depreciation, amortization and selling expenses. The amendments are effective for fiscal years beginning after December 15, 2026, and for interim periods within fiscal years beginning after December 15, 2027. Early adoption is permitted and the amendments may be applied either prospectively or retrospectively. The Company is currently evaluation this ASU to determine its impact on the Company's disclosures.

In September 2025, the FASB issued ASU No. 2025-06, Intangibles-Goodwill and Other - Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software, to modernize the accounting guidance for costs to develop software for internal use. ASU 2025-06 amends the existing standard that refers to various stages of a software development project to better align with current software development methods. Under the amendment, cost capitalization begins when management has authorized and committed to funding the project, and it is probably the project will be completed and the software will be used to perform its intended function. The amendment is effective for fiscal years beginning after December 15, 2027. Early adoption is permitted and the amendment may be applied either retrospectively through a cumulative-effect adjustment, prospectively to software costs incurred after the adoption date (on existing, in-process software projects or new projects), or on a modified prospective basis. The Company has early adopted the amendment through the prospective transition approach effective August 1, 2025.