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 Management's Discussion and Analysis of Financial Condition and Results of Operations contain forward-looking statements that involve risks and uncertainties. We use words such as "anticipates," "believes," "plans," "expects," "future," "intends," and similar expressions to identify these forward-looking statements. Prospective investors should not place undue reliance on these forward-looking statements, which apply only as of the date of this report. Our actual results could differ materially from those anticipated in these forward-looking statements as a result of various factors, including those set forth under "Risk Factors" and elsewhere in this report. The management's discussion, analysis of financial condition, and results of operations should be read in conjunction with our financial statements and notes thereto contained elsewhere in this report. For example, a few of the uncertainties that could affect the accuracy of forward-looking statements include:

Results of Operations and Critical Accounting Policies and Estimates.

The results of operations are based on preparation of financial statements in conformity with accounting principles generally accepted in the United States. The preparation of financial statements requires management to select accounting policies for critical accounting areas as well as estimates and assumptions that affect the amounts reported in the financial statements. The Company's accounting policies are more fully described in Note 2 to the Notes of Financial Statements.

Results of Operations for the three months ended December 31, 2025 and 2025

Revenues:

Total Revenues: The Company generated revenues of $331,956 for the three months ended December 31, 2025, which was materially related to Power Purchase Agreements entered into with third parties.

There were revenues of $14,793,455 generated during the three months ended December 31, 2024.

Expenses:

Total Costs of Revenues: Total costs of revenues for the three months ended December 31, 2025 were $38,116 and consisted primarily of depreciation and other costs related to the Power Purchase Agreements.

There were costs of revenues of $7,252,317 for the three months ended December 31, 2024.

Total Operating Expenses. Total operating expenses for the three months ended December 31, 2025 and December 31, 2024 were $ $285,188 and $226,806, respectively. Total operating expenses consisted of salaries and wages, accounting fees, legal fees, travel expenses and other normal recurring operating expenses.

Other Income (Expense): Total other income (expense) for the three months ended December 31, 2025 and 2024 was Nil and $5,020, respectively.

Financial Condition.

Total Assets. Total assets at December 31, 2025 and September 30, 2025 were $33,216,657 and $32,598,183, respectively. Total assets consisted primarily of net solar assets of $29,564,653 and $28,977,831; inventory of $ $650,000 and $650,000; other property, plant and equipment of $ $141,885 and $141,885; other assets of $ $3,553 and $ $3,553; and crypto currency tokens of $2,735,000 and $2,735,000, respectively.

Total Liabilities. Total liabilities at December 31, 2025 and September 30, 2025 were $31,031,607 and $30,421,785, respectively. Total liabilities consisted primarily of deferred construction costs of $29,729,378 and $29,111,056; and notes and convertible notes of $728,729 and $737,229, respectively.

Liquidity and Capital Resources.

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern which contemplates, among other things, the realization of assets and satisfaction of liabilities in the ordinary course of business.

The Company generated a net gain of $8,652 for the three months ended December 31, 2025 and a net gain of $7,292,314 for the three months ended December 31, 2024, respectively. The Company has accumulated losses totaling $(4,353,070) at December 31, 2025. Until the Company can consistently generate net income and positive cash flows from operations, it may require additional funding for continuing the development and marketing of products and future growth initiatives. As a result, this raises substantial doubt about the Company's ability to continue as a going concern. The accompanying financial statements do not include any adjustments that might result from the outcome of this uncertainty.

At December 31, 2025, the Company had a working capital deficit of $(10,687,225), which will be used to support continuing operations in the near-term.

For the three months ended December 31, 2025, we used cash from operating activities of (7,848.26) versus generation cash of $57,063 in operations during the three months ended December 31, 2024. The net cash generated from and used in operating activities includes our net operating results, and the changes in our operating assets and liabilities.

Net cash used in investing activities totaled $0 and ($37,000) for the three months ended December 31, 2025 and 2024, respectively. The cash was used to increase intangible assets.

Net cash used in financing activities for the three months ended December 31, 2025 and 2024 was ($8,500) and generation of $5,469, respectively. Net cash provided by financing activities includes proceeds from notes payable.

We anticipate that our future liquidity requirements will arise from the need to fund our growth from operations, pay current obligations and future capital expenditures. The primary sources of funding for such requirements are expected to be cash generated from operations and raising additional funds from the private sources and/or debt financing as needed. However, we can provide no assurances that we will be able to generate sufficient cash flow from operations and/or obtain additional financing on terms satisfactory to us, if at all, to remain a going concern. Our continuation as a going concern is dependent upon our ability to generate sufficient cash flow to meet our obligations on a timely basis and ultimately to attain profitability. Our Plan of Operation for the next twelve months is to raise capital to implement our strategy, if we do not have the necessary cash and revenue to satisfy our cash requirements. We cannot guarantee that additional funding will be available on favorable terms, if at all. If adequate funds are not available, then we may not be able to expand our operations. If adequate funds are not available, we believe that our officers and directors will contribute funds to pay for some of our expenses. However, we have not made any arrangements or agreements with our officers and directors regarding such advancement of funds. We do not know whether we will issue stock for the loans or whether we will merely prepare and sign promissory notes. If we are forced to seek funds from our officers or directors, we will negotiate the specific terms and conditions of such loan when made, if ever.

We are not aware of any trends or known demands, commitments, events or uncertainties that will result in or that are reasonably likely to result in material increases or decreases in liquidity.

Capital Resources.

We had no material commitments for capital expenditures as of December 31, 2025.

Off-Balance Sheet Arrangements

We have made no off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that is material to investors.