Financial Analysis

NOTE 5 ACQUISITION OF MILLENIUM EBS, INC. On October 25, 2024, the Company entered into a Stock Exchange and Acquisition Agreement (the Agreement) with Millenium EBS, Inc. whereby the principal owner of EBS, Shinto Matthew, is to sell 3,600,000 shares of EBS (constituting 60% of the issued and outstanding shares of MEI), to the Company in exchange for (i) 2,100,000 shares of the Company valued at $4.00 per share based on the last sale of common shares in the last capital raises totaling $8,400,000 (due on the Closing Date of Agreement), and (ii) $ 500,000 cash (due within 90 days of the Closing Date of Agreement). The acquisition transaction closed on December 13, 2024. The Company has the purchase option and right of first refusal to purchase the remaining 40% of MEI. The acquisition was treated as a business combination under ASC 805 Business Combination . This acquisition positions the Company to emerge as a prominent payment hub and prepaid debit card provider, significantly expanding its reach and capabilities globally in the fintech sector. The acquisition includes ownership of the MEI Payment Hub, an advanced payment orchestration and modernization platform that efficiently manages payments across multiple networks. This strategic move will enhance the Companys ability to deliver a unified payment hub platform for small and medium-sized financial institutions worldwide. On March 4, 2026, the $ 430,000 owed to Shinto Matthew was converted into equity. Millenium EBS Inc. …

BusinessCombinationDisclosureTextBlock · excerpt; the full note is in the filing

NOTE 8 COMMITMENTS AND CONTINGENCIES Leases The Company reported the following summary of non-cancellable operating leases in accordance with the provisions of ASC 842 Topic 842 Leases as follows: Summary of Non-Cancellable Operating Leases: Schedule of non-cancellable operating leases Vehicle Office Lease Total Right-of-use asset, net $ $ $ Current lease liabilities $ $ $ 50,671 Non-current lease liabilities Total operating lease liabilities $ $ $ 50,671 Vehicle On July 12, 2022, the Company executed a non-cancellable operating lease for a vehicle with the lease commencing on July 12, 2022 for a three-year term. The Company paid $ 10,000 at the execution of the lease which included $ 1,793 as first month payment, and $ 8,207 as vehicle registration, capitalized cost reduction and other handling fees. The Company recorded rent expenses of $ 24,254 and $ 24,253 for the years ended March 31, 2025 and 2024, respectively. The lease expires on July 11, 2025 . The supplemental balance sheet information related to the vehicle lease is as follows as of March 31, 2026: Schedule of supplemental balance sheet information Operating Lease Right-of-use asset, net $ Current lease liabilities $ Non-current lease liabilities Total operating lease liabilities $ Weighted average remaining lease term (years) Weighted average discount rate per annum As the lease does not provide an implicit rate, the Company used an incremental borrowing rate based on the information available at the lease commen …

CommitmentsAndContingenciesDisclosureTextBlock · excerpt; the full note is in the filing

Schedule of revenue disaggregation For the year ended March 31, 2026 2025 Implementation fees $ 186,310 $ 60,000 License fees 20,897 50,145 Subscription fees 52,806 Total revenues $ 260,013 $ 110,145 …

DisaggregationOfRevenueTableTextBlock · excerpt; the full note is in the filing

NOTE 10 INCOME TAXES The Company accounts for income taxes under ASC 740, Income Taxes. The following table presents a reconciliation of the Company's effective income tax rate to the U.S. federal statutory income tax rate for the years ended March 31, 2026 and 2025: Reconciliation of income tax expense March 31, 2026 Amount March 31, 2026 % March 31, 2025 Amount March 31, 2025 % Expected income tax benefit at U.S. federal statutory rate of 21% $ (860,629 ) 21.00 % $ (246,865 ) 21.00 % State taxes, net of federal benefit ( 286,000 ) 6.98 % ( 82,000 ) 6.98 % Other permanent items Change in valuation allowance 1,146,629 ( 27.98 )% 328,865 ( 27.98 )% Income tax expense (benefit) $ % $ % The reconciliation above is based on loss before income taxes of $(4,098,234) and $(1,175,546) for the years ended March 31, 2026 and 2025, respectively. The tax effects of temporary differences that gave rise to significant portions of deferred tax assets and liabilities as of March 31, 2026 and 2025, are as follows: Schedule of deferred tax assets and liabilities March 31, 2026 March 31, 2025 Deferred tax assets: Net operating loss carryforward $ 1,835,273 $ 974,451 Total gross deferred tax assets 1,835,273 974,451 Less: valuation allowance (1,835,273 ) (974,451 ) Net deferred tax assets $ $ Deferred income taxes are provided for the tax effects of transactions reported in the financial statements and consist of deferred taxes related primarily to differences between the bases of certain assets …

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

NOTE 7 RELATED PARTY TRANSACTIONS Schedule of related party payables Related Party Payables : March 31, 2026 March 31, 2025 Payable to Chief Executive Officer $ 31,072 $ 6,593 Payable to sole stockholder of Millenium EBS Inc., Director 2,085 508,302 Payable to Millenium Consultants, Inc. 2,740 108,933 Total $ 35,897 $ 623,828 The Companys Chairman, from time to time, has provided advances to the Company for its working capital purposes. The Chairman had net outstanding advances to the Company totaling $ 31,072 and $ 6,593 as of March 31, 2026 and 2025, respectively, which is included in related party payables on the consolidated balance sheet. The funds advanced are unsecured, non-interest bearing, and due on demand. On December 1, 2020, the Company entered into an employment agreement with its CEO for a three-year term, for an annual compensation of $ 150,000 with a 10% annual increase in compensation effective October 1 of each year. The initial term of the employment agreement is automatically renewed for successive one-year periods unless either party gives ninety (90) calendar days written notice of nonrenewal prior to the expiration of the then-current term. The Company has recorded in general and administrative expenses compensation expense of $ 112,808 and $ 209,633 for the years ended March 31, 2026 and 2025, respectively. The total compensation payable to the CEO was $ 890,765 and $ 780,958 , as of March 31, 2026 and 2025, respectively (Note 8). Pursuant to the term …

RelatedPartyTransactionsDisclosureTextBlock · excerpt; the full note is in the filing

NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following summary of the significant accounting policies of the Company is presented to assist in the understanding of the Companys financial statements. These accounting policies conform to accounting principles generally accepted in the United States of America (GAAP) in all material respects and have been consistently applied in preparing the accompanying financial statements. Use of Estimates The preparation of financial statements in conformity with GAAP 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. The Company regularly evaluates estimates and assumptions related to the valuation of its assets, liabilities, equity and operations. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about its estimates that are not readily apparent from other sources. Significant estimates in the accompanying financial statements include the valuation of note receivable and accounts receivable, valuation of inventory, valuation of internal-use software, valuation of fair value of assets acquired and liabilities assumed in a bus …

SignificantAccountingPoliciesTextBlock · excerpt; the full note is in the filing

NOTE 9 STOCKHOLDERS EQUITY The Companys capitalization at March 31, 2026 and March 31, 2025 was 500,000,000 authorized common shares with a par value of $ 0.001 per share, and 25,000,000 authorized preferred shares with a par value of $ 0.001 per share. Common Stock During the year ended March 31, 2026, the Company received a cash consideration of $ 270,200 from sale of 60,052 shares of its common stock at $4.50 per share. In December 2024, the Company issued 2,100,000 shares of common stock to the sole owner of MEI in exchange for 60% of the equity interest in MEI (See Note 5). The common stock was valued at $4.00 per share based on the last sale of common shares in the last capital raises at that time. Preferred Stock The Board of Directors, without further approval of its stockholders, is authorized to fix the dividend rights and terms, conversion rights, voting rights, redemption rights, preferences and other rights and restrictions relating to any series. Issuance of shares of preferred stock, while providing flexibility in connection with possible financings, acquisitions and other corporate purposes, could, among other things, adversely affect the voting power of the holders of our Common Stock and other series of Preferred Stock then outstanding. Series A Preferred Stock Of the 25,000,000 authorized preferred shares, 1,000,000 shares have been designated as Series A. There are 292,000 shares issued and outstanding as of March 31, 2026 and 2025, respectively. Liquidati …

StockholdersEquityNoteDisclosureTextBlock · excerpt; the full note is in the filing

NOTE 11 SUBSEQUENT EVENT On May 11, 2026, the Board of Directors of BlueOne Technologies, Inc., a Nevada corporation, approved the engagement of Dylan Floyd Accounting & Consulting (Dylan Floyd) as the Companys independent registered public accounting firm and dismissed Salberg & Company, P.A. (Salberg) from that role. A current report on Form 8-K was filed on May 13, 2026. On May 28, 2026, BlueOne Technologies, Inc. filed two separate demand letters against an investor, David Lee for breach of contract under the February 11, 2026 Secured Note and Warrant Purchase Agreement, seeking $500,000 in unpaid funds and retention of the $500,000 partial payment as liquidated damages and defamation. The Company has not yet filed a lawsuit but intends to pursue all available legal remedies, including civil litigation and regulatory referrals (e.g., to the SEC for potential violations of Rule 10b-5). The ultimate outcome of this matter cannot be predicted, and an unfavorable resolution could materially and adversely affect our financial condition, reputation, or ability to raise capital. On May 5, 2026, BlueOne Technologies, Inc. received an email from a former advisor asserting that additional amounts are owed under an advisory relationship with the Company. Management disputes the asserted amounts and, as of the filing date, no litigation has been commenced and no formal legal demand has been received. Management is currently evaluating the matter and has not recorded a liabili …

SubsequentEventsTextBlock · excerpt; the full note is in the filing

NOTE 7 COMMITMENTS AND CONTINGENCIES Leases The Company reported the following summary of non-cancellable operating leases in accordance with the provisions of ASC 842 Topic 842 Leases as follows: Summary of Non-Cancellable Operating Leases as of June 30, 2025: SCHEDULE OF NON-CANCELLABLE OPERATING LEASES Vehicle Office Lease Total Right-of-use asset, net $ - $ 23,339 $ 23,339 Current lease liabilities $ - $ 24,156 $ 24,156 Non-current lease liabilities - - - Total operating lease liabilities $ - $ 24,156 $ 24,156 Vehicle On July 12, 2022, the Company executed a non-cancellable operating lease for a vehicle with the lease commencing on July 12, 2022 for a 3 three-year term. The Company paid $ 10,000 at the execution of the lease which included $ 1,793 as first month payment, and $ 8,207 as vehicle registration, capitalized cost reduction and other handling fees. The Company recorded rent expenses for this vehicle lease of $ 6,063 and $ 6,063 for the three months ended June 30, 2025 and 2024, respectively. The lease expires on July 11, 2025. Supplemental balance sheet information related to the vehicle lease is as follows as of June 30, 2025: SCHEDULE OF SUPPLEMENTAL INFORMATION UNDER OPERATING LEASE Operating Lease Right-of-use asset, net $ - Current lease liabilities $ - Non-current lease liabilities - Total operating lease liabilities $ - Weighted average remaining lease term (years) 0 Weighted average discount rate per annum 12 % As the lease does not provide an implicit r …

CommitmentsAndContingenciesDisclosureTextBlock · excerpt; the full note is in the filing

SCHEDULE OF REVENUE DISAGGREGATION For the Three Months ended June 30, 2025 2024 Implementation fees - services $ 60,000 $ - Subscription fees 35,556 - Total revenues $ 95,556 $ -

DisaggregationOfRevenueTableTextBlock

NOTE 6 RELATED PARTY TRANSACTIONS SCHEDULE OF RELATED PARTY TRANSACTION Related Party Payables: June 30, 2025 March 31, 2025 Payable to Chief Executive Officer $ 24,072 $ 6,593 Payable to sole stockholder of Millenium EBS Inc., Director 554,752 508,302 Payable to Millenium Consultants, Inc. 152,854 108,933 Total $ 731,678 $ 623,828 The Companys Chief Executive Officer (CEO), from time to time, has provided advances to the Company for its working capital purposes. The CEO had advanced funds to the Company totaling $ 24,072 and $ 6,593 as of June 30, 2025 and March 31, 2025, respectively, which is included in related party payables on the condensed consolidated balance sheet. The funds advanced are unsecured, non-interest bearing, and due on demand. On December 1, 2020, the Company entered into an employment agreement with its CEO for a three-year term, for an annual compensation of $ 150,000 with a 10 % annual increase in compensation effective October 1 of each year. The initial term of the employment agreement is automatically renewed for successive one-year periods unless either party gives ninety (90) calendar days written notice of nonrenewal prior to the expiration of the then-current term. The Company has recorded in general and administrative expenses compensation expense of $ 54,903 and $ 49,913 for the three months ended June 30, 2025 and 2024, respectively. The total compensation payable to the CEO was $ 835,861 and $ 780,958 as of June 30, 2025 and March 31, 2025, …

RelatedPartyTransactionsDisclosureTextBlock · excerpt; the full note is in the filing

NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following summary of the significant accounting policies of the Company is presented to assist in the understanding of the Companys financial statements. These accounting policies conform to US GAAP in all material respects and have been consistently applied in preparing the accompanying financial statements. Use of Estimates The preparation of financial statements in conformity with US GAAP 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. The Company regularly evaluates estimates and assumptions related to the valuation of its assets, liabilities, equity and operations. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about its estimates that are not readily apparent from other sources. Significant estimates in the accompanying financial statements include the valuation of note receivable and accounts receivable, valuation of internal-use software, valuation of fair value of assets acquired and liabilities assumed in a business combination, valuation of common stock consideration in a business combination, valuati …

SignificantAccountingPoliciesTextBlock · excerpt; the full note is in the filing

NOTE 8 STOCKHOLDERS EQUITY The Companys capitalization at June 30, 2025 and March 31, 2025 was 500,000,000 authorized common shares with a par value of $ 0.001 per share, and 25,000,000 authorized preferred shares with a par value of $ 0.001 per share. Common Stock During the three months ended June 30, 2025, the Company sold 1,412 shares of its common stock and received cash consideration of $ 6,350 . The Company had received from six investors cash proceeds of $ 60,000 in stock subscriptions which were recorded as stock subscriptions received with credit to equity. On April 8, 2024, the Company issued 15,000 shares of common stock to these six investors to settle the $ 60,000 in stock subscriptions received. Preferred Stock The Board of Directors, without further approval of its stockholders, is authorized to fix the dividend rights and terms, conversion rights, voting rights, redemption rights, liquidation preference and other rights and restrictions relating to any series. Issuance of shares of preferred stock, while providing flexibility in connection with possible financings, acquisitions and other corporate purposes, could, among other things, adversely affect the voting power of the holders of our Common Stock and other series of Preferred Stock then outstanding. Series A Preferred Stock There are 1,000,000 shares of Series A Preferred Stock designated, and 292,000 shares issued and outstanding as of June 30, 2025 and March 31, 2025, respectively. Liquidation Rights I …

StockholdersEquityNoteDisclosureTextBlock · excerpt; the full note is in the filing