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

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

FORWARD LOOKING STATEMENTS

Statements made in this Form 10-Q 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 "August," "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 June 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.

General Overview

Welsis Corp. (the "Company") was incorporated in the State of Wyoming and established on August 16, 2021. We were a development stage startup company provided an online psychological help services, which are also known as teletherapy or telepsychology services. We purchased the telehealth platform, delivering on-demand professional psychological consultations anytime, anywhere, via mobile devices, the internet, video and phone calls. Our solution connects consumers with our board-certified specialists. We provided counseling and psychological services for adolescents (from 14 years) and adults, for men and women, therapy for individuals, couples and families.

On March 13, 2024, Dusan Zindovic, the previous majority shareholder of the Company, entered into a stock purchase agreement for the sale of 2,000,000 shares of Common Stock of the Company to Skywest Pinnacle Limited. The closing of the purchase and sale occurred on April 1, 2024. As a result of the acquisition, Skywest Pinnacle Limited holds approximately 73% of the issued and outstanding shares of Common Stock of the Company, and as such it is able to unilaterally control the election of our board of directors, all matters upon which shareholder approval is required and, ultimately, the direction of our Company. Also effective April 1, 2024, the previous sole officer and director of the company, Dusan Zindovic, resigned his positions with the Company. Upon such resignations, Kwok Boon Kit was appointed as Chief Executive Officer, Treasurer and Secretary, and Director of the Company.

On September 23, 2024, Welsis Corp announced that it is entering the cryptocurrency and blockchain industry by launching TokenTraders.net, a fully functional crypto-exchange site. Tokentraders.net allows users to exchange and trade cryptocurrencies with ease by utilizing real time rates at minimal fees. Tokentraders.net also has an in-built crypto wallet which allows its users to securely store their cryptocurrencies safely.

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Results of Operations

Our financial statements have been prepared assuming that we will continue as a going concern and, accordingly, do not include adjustments relating to the recoverability and realization of assets and classification of liabilities that might be necessary should we be unable to continue in operation.

We expect we will require additional capital to meet our long-term operating requirements. We expect to raise additional capital through, among other things, the sale of equity or debt securities.

Three months ended December 31, 2025 compared to three months ended December 31, 2024

		Three Months				Three Months
		Ended				Ended
		December 31,				December 31,
		2025				2024				Changes
Revenue		$	-			$	-			$	-
Operating Expenses		$	6,793			$	22,244			$	(15,451	)
Other Income (Expenses)		$	(3,227	)		$	(2,012	)		$	(1,215	)
Net Income (Loss)		$	(10,020	)		$	(24,256	)		$	14,236

The Company incurred net loss of $10,020 during the three months ended December 31, 2025 as compared to net loss of $24,256 during the three months ended December 31, 2024. The decrease in net loss was due to the decrease in professional fees.

Liquidity and Capital Resources

Working Capital

		As of				As of
		December 31,				September 30,
		2025				2024				Changes
Current Assets		$	1,126			$	2,169			$	(1,043	)
Current Liabilities		$	83,060			$	84,608			$	(1,548	)
Working Capital (Deficiency)		$	(81,934	)		$	(82,439	)		$	505

As at December 31, 2025, our Company had prepaid expense of $1,126. As of December 31, 2025, our Company had no cash.

Our current liabilities decreased from $84,608 as of December 31, 2025 to $83,060 as of December 31, 2025 mainly due to the decrease in accounts payable and accrued liabilities.

As at December 31, 2025, our Company had a working capital deficiency of $81,934 compared with a working capital deficiency of $82,439 as at September 30, 2024. The decrease in working capital deficit was mainly due to the decrease in accounts payable and accrued liabilities.

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Cash Flows

		Three Months				Three Months
		Ended				Ended
		December 31,				December 31,
		2025				2024				Changes
Net cash used in Operating Activities		$	(10,525	)		$	(9,289	)		$	(1,236	)
Net cash used in Investing Activities		$	-			$	-			$	-
Net cash provided by Financing Activities		$	10,525			$	9,289			$	1,236
Net changes in cash and cash equivalents		$	-			$	-			$	-

Cash Flow from Operating Activities

We have not generated positive cash flow from operating activities. During the three months ended December 31, 2025 and 2024, net cash used in operating activities was $$10,525 and $9,289, respectively.

Cash flows used in operating activities during the three months ended December 31, 2025, comprised of a net loss of $10,020, increased by net changes in operating assets and liabilities of $505.

Cash flows used in operating activities during the three months ended December 31, 2024, comprised of a net loss of $24,256 reduced by net changes in operating liabilities of $14,967.

Cash Flow from Investing Activities

The Company do not have any investing activities during the three months ended December 31, 2025 and 2024.

Cash Flow from Financing Activities

During the three months ended December 31, 2025 and 2024, net cash used in financing activities was $10,525 and $9,289 related to proceed from issuance of convertible notes, respectively.

The Company do not have any financing activities during the three months ended December 31, 2024.

Plan of Operation and Funding

We expect that working capital requirements will continue to be funded through a combination of our existing funds and further issuances of securities. Our working capital requirements are expected to increase in line with the growth of our business.

Existing working capital, further advances and debt instruments, and anticipated cash flow are expected to be adequate to fund our operations over the next three months. We have no lines of credit or other bank financing arrangements. Generally, we have financed operations to date through the proceeds of the private placement of equity and debt instruments. In connection with our business plan, management anticipates additional increases in operating expenses and capital expenditures relating to: (i) acquisition of inventory; (ii) developmental expenses associated with a start-up business; and (iii) marketing expenses. We intend to finance these expenses with further issuances of securities, and debt issuances. Thereafter, we expect we will need to raise additional capital and generate revenues to meet long-term operating requirements. Additional issuances of equity or convertible debt securities will result in dilution to our current shareholders. Further, such securities might have rights, preferences or privileges senior to our common stock. Additional financing August not be available upon acceptable terms, or at all. If adequate funds are not available or are not available on acceptable terms, we August not be able to take advantage of prospective new business endeavours or opportunities, which could significantly and materially restrict our business operations. We will have to raise additional funds in the next twelve months in order to sustain and expand our operations. We currently do not have a specific plan of how we will obtain such funding; however, we anticipate that additional funding will be in the form of equity financing from the sale of our common stock. We have and will continue to seek to obtain short-term loans from our directors, although no future arrangement for additional loans has been made. We do not have any agreements with our directors concerning these loans. We do not have any arrangements in place for any future equity financing.

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Off-Balance Sheet Arrangements

As of the date of this Quarterly Report, we do not have any 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 are material to investors.

Going Concern

The financial statements have been prepared "assuming that we will continue as a going concern," which contemplates that we will realize our assets and satisfy our liabilities and commitments in the ordinary course of business.