Financial Analysis

17. COMMITMENTS AND CONTINGENCIES In the ordinary course of business, the Company may be subject to various commitments and contingencies, including contractual obligations and potential legal matters. The Company evaluates such matters in accordance with ASC 450, Contingencies , and records a liability when it is probable that a loss has been incurred and the amount of the loss can be reasonably estimated. If a loss is reasonably possible but not probable, or if the amount cannot be reasonably estimated, the Company discloses the nature of the contingency. As of December 31, 2025 and 2024, the Company was not subject to any material pending or threatened litigation, claims, or assessments, and did not have any material commitments or contingencies that required accrual or disclosure in the consolidated financial statements.

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16. TAXATION The Companys income tax expenses for the years ended December 31, 2025 and 2024 are as follows. The two VIEs have no income taxes during the years ended December 31, 2025 and 2024. SCHEDULE OF INCOME TAX EXPENSES 2025 2024 Years ended December 31, 2025 2024 Current tax provision $ 4,651 $ 7,824 Deferred tax provision - - Total provision for income taxes $ 4,651 $ 7,824 Income Tax AMC Corporation was incorporated in the State of Washington in the United States and is subject to U.S. federal and state income taxation. For the year ended December 31, 2025, the Company incurred $ 4,651 in state income tax and $ 0 in federal income tax. For the year ended December 31, 2024, the Company incurred $ nil in federal income tax and $ 7,824 in state income tax. The Companys two variable interest entities (VIEs), Xiaoyun and Yishijue, were incorporated in the Peoples Republic of China (PRC). Under the PRC Enterprise Income Tax Law (EIT Law), PRC entities are subject to enterprise income tax at a statutory rate of 25 %. Neither VIE incurred income tax expense for the period ended December 1, 2025 (date of termination of VIEs) or for the year ended December 31, 2024 due to operating losses and the existence of full valuation allowances against deferred tax assets. The tax jurisdictions of AMC Corporation and its VIEs are located in the United States and the PRC. The Company is not subject to income tax in Europe or Canada, as it does not maintain taxable nexus in those jurisdic …

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12. LEASE The Company determines if an arrangement is a lease at inception. Lease agreements under which the Company is a lessee are evaluated to classify the lease as a finance or operating lease. Operating lease assets and liabilities are recognized at the commencement date of the lease based on the present value of lease payments over the lease term. Lease assets represent the Companys right to use an underlying asset for the lease term and lease liabilities represent the Companys obligation to make lease payments arising from the lease. As most leases do not provide an implicit interest rate, the Company uses its incremental borrowing rate based on the information available at the lease commencement date in determining the present value of lease payments. Leases with an initial term of 12 months or less are not recorded on the Companys consolidated balance sheets. The Company recognizes lease expense for these leases on a straight-line basis over the lease term. The Company accounts for lease components and non-lease components as a single lease component. The Company leased an office in New York City with a 39 -month term and an option to renew. Payments for this office space include fixed rental payments and do not consist of any variable lease payments that depend on an index or a rate. In accordance with ASC 842, lease expense for the year ended December 31, 2025 was $ 67,198 . Lease expense for the year ended December 31, 2024 was $ nil , as the lease commenced in Au …

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7. PROMISSORY NOTE RECEIVABLE The Company entered into multiple non-interest-bearing promissory note arrangements with AlphaVest Acquisition Corp. (the SPAC) to fund costs associated with extending the SPACs business combination period and to support its working capital requirements. Promissory Note 1 On May 2, 2024, the Company issued a promissory note to the SPAC (Promissory Note 1), allowing the SPAC to borrow up to an aggregate of $ 440,000 . The note bears no interest and was originally payable on the earlier of (i) December 12, 2024 or (ii) promptly after the date on which the SPAC consummates an initial business combination. On January 6, 2025, the note was amended and restated to extend the maturity date to promptly after the date the business combination is consummated. On March 25, 2025, the note was further amended to increase the principal amount to $ 935,000 . Outstanding balance as of December 31, 2024: $ 440,000 Outstanding balance as of December 31, 2025: $ 0 Promissory Note 2 On May 2, 2024, the Company issued a second promissory note to the SPAC (Promissory Note 2), allowing the SPAC to borrow up to an aggregate of $ 126,000 . The note bears no interest and was originally payable on the earlier of (i) December 12, 2024 or (ii) promptly after the date on which the SPAC consummates an initial business combination. On January 6, 2025, the note was amended and restated to extend the maturity date to promptly after the date the business combination is consummated …

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Recently issued accounting pronouncements In October 2023, the FASB issued ASU 2023-06, Disclosure Improvements: Codification Amendments in Response to the SECs Disclosure Update and Simplification Initiative. ASU 2023-06 modifies the disclosure or presentation requirements of a variety of Topics in the Codification. Certain of the amendments represent clarifications to or technical corrections of the current requirements. Because of the variety of Topics amended, a broad range of entities may be affected by one or more of those amendments. Many of the amendments allow users to more easily compare entities subject to the SECs existing disclosures with those entities that were not previously subject to the SECs requirements. Also, the amendments align the requirements in the Codification with the SECs regulations. For entities subject to the SECs existing disclosure requirements and for entities required to file or furnish financial statements with or to the SEC in preparation for the sale of or for purposes of issuing securities that are not subject to contractual restrictions on transfer, the effective date for each amendment will be the date on which the SECs removal of that related disclosure from Regulation S-X or Regulation S-K becomes effective, with early adoption prohibited. For all other entities, the amendments will be effective two years later. The amendments in this update should be applied prospectively. For all entities, if by June 30, 2027, the SEC has not remo …

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8. RELATED PARTY BALANCES AND TRANSACTIONS The Company engages in transactions with related parties in the normal course of business. The principal related parties with which the Company had transactions during the years ended December 31, 2025 and 2024 are as follows: Name Relationship with the Company Sean Da CEO and Board Chair, and majority stockholder Senslab HK Limited (hereinafter referred to as Senslab HK) Affiliate of Sean Da Senslab Technology Co., Ltd (hereinafter referred to as Senslab SH) Affiliate of Sean Da Ants Technology (HK) Limited (hereinafter referred to as Ants) Affiliate of Sean Da Kami Vision Incorporated (hereinafter referred to as Kami) Affiliate of Sean Da Yunyizhilian Information Technology Co., Ltd (hereinafter referred to as Yunyizhilian) Entity under common control with Mr. Sean Da. Shanghai Xiaoyun Technology Co., Ltd. (hereinafter referred to as Xiaoyun) Formerly VIE ZKCam Co., Ltd. (ZKCam) Minority Stockholder of the Company Impact of Related Party Transactions on Operations During the years ended December 31, 2025 and 2024, related party transactions had the following impact on income (loss) before income tax: SCHEDULE OF RELATED PARTY TRANSACTIONS 2025 2024 Related Party Transactions Impact on pre-tax income (loss) Income Statement Years ended December 31, 2025 2024 Revenue share related party (Kami) $ 3,118,617 $ 2,754,788 Product revenue - related party (Kami) 3,833 6,270 Product revenue - related party (ZKCam) 511,922 - Product cost - re …

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15. SEGMENT REPORTING The Company determines its reportable operating segments using the management approach in accordance with ASC 280, Segment Reporting. Under this approach, operating segments are based on the internal reporting structure used by the Companys chief operating decision maker (CODM) to allocate resources and assess operating performance. The Companys Chief Executive Officer serves as the CODM and evaluates segment performance primarily based on segment revenue and segment net income (loss). The Company operates online stores on e-commerce platforms with separate platform accounts serving North America and Europe. Accordingly, the Company has identified two 2 primary operating segments: (1) North America and (2) Europe. Revenue generated through these e-commerce platforms is the primary performance indicator because the Companys business model is based on selling products through online marketplace stores. In addition, the Company previously consolidated two variable interest entities (VIEs), Xiaoyun and Yishijue, which operated in China. As a result, for purposes of geographic presentation, the Company presents financial information for three geographic areas: North America, Europe, and China . No revenue was generated from China during the year ended December 31, 2025. Segment revenues are directly attributed to the geographic region in which the sales are generated. Cost of revenues and operating expenses are allocated based on the relative proportion of re …

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2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP) and in conformity with the rules and regulations of the Securities and Exchange Commission (SEC). The consolidated financial statements include the accounts of the Company and its subsidy and VIEs, and all intercompany balances and transactions have been eliminated in consolidation. The accounting policies applied are consistent with those of the prior year, and the consolidated financial statements reflect all normal recurring adjustments necessary for the fair presentation of the Companys financial position as of December 31, 2025 and 2024, and the results of its operations and cash flows for the years then ended. Par value of common stock, additional paid-in capital and share data have been retroactively restated to give effect to reverse recapitalization. The Companys fiscal year-end date is December 31. Principles of Consolidation The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries, and its consolidated VIEs. A subsidiary is an entity (including a structured entity), directly or indirectly, controlled by the Company. The financial statements of the subsidiaries are prepared for the same reporting period as the Company, using consistent accounting policies. All intra-group assets …

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14. STOCKHOLDERS EQUITY Reverse Recapitalization During the year ended December 31, 2025, the Company consummated a Business Combination with AlphaVest Acquisition Corp. (AlphaVest), which was accounted for as a reverse recapitalization in accordance with U.S. GAAP. Under this method, the Company is deemed the accounting acquirer, and the transaction is treated as a capital reorganization. Accordingly, the historical financial statements of the Company became those of the combined entity, and the net assets of AlphaVest were recorded at historical cost, with no goodwill or intangible assets recognized. The excess of net assets received was recorded in additional paid-in capital (APIC). Proceeds and Equity Impact from Business Combination The following table summarizes the net assets contributed by AlphaVest and the related impact on equity: SCHEDULE OF PROCEEDS AND EQUITY IMPACT FROM BUSINESS COMBINATION Description Amounts($) Trust assets 11,538,424 Less: Redemptions (2,631,044 ) Net trust cash 8,907,380 Less: SPAC transaction costs (4,606,996 ) Less: FPA impact and related adjustments (697,268 ) Less: FPA settlement reclassification (equity to asset) (4,305,872 ) Less: AMC deferred offering costs (1,051,479 ) Add: SPAC accumulated deficit elimination 6,886,461 Net impact recorded to APIC 5,132,227 PIPE Financing In connection with the closing of the Business Combination on December 9, 2025, the Company entered into securities purchase agreements with certain investors (the …

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18. SUBSEQUENT EVENTS In accordance with ASC Topic 855 Subsequent Events , which establishes general standards of accounting for and disclosure of events that occur after the balance sheet date but before financial statements are issued, the Company has evaluated all events or transactions that occurred after December 31, 2025 up until the date that the Company issued these financial statements. Establishment of Subsidiary On January 5, 2026, the Company established a wholly owned subsidiary in Vietnam, AMCV Company Limited, to support manufacturing and operational activities related to the Companys robotics products. The subsidiary had not commenced material operations as of the date of issuance of these financial statements. Warrants Exercise Subsequent to December 31, 2025, the Company received and accepted a warrant exercise notice from a holder of its outstanding PIPE warrants. On March 17, 2026, a warrant holder exercised warrants to purchase an aggregate of 5,000 shares of the Companys common stock at the contractual exercise price per share. The Company received proceeds of approximately $ 20,085 and issued the corresponding shares in accordance with the terms of the applicable warrant agreement. Management evaluated this event in accordance with ASC 855 and determined that the warrant exercise represents a non-recognized subsequent event, as it relates to conditions arising after the balance sheet date. Accordingly, no adjustment has been made to the consolidated fin …

SubsequentEventsTextBlock · excerpt; the full note is in the filing