Financial Analysis

NOTE 9 AUTO LOAN PAYABLE On September 3, 2023, the Company entered into a loan agreement with an unrelated third party for acquiring a vehicle. The auto loan, in the form of a promissory note, matures on September 18, 2029 and bears interest at a rate of 6.34% per annum, payable monthly beginning October 18, 2023. For the three months ended March 31, 2026 and 2025, interest expense related to this loan amounted to $546 and $682, respectively. …

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The following table provides information about disaggregated revenue by revenue stream. Three Months Ended March 31, 2026 Three Months Ended March 31, 2025 Real estate service revenue Real estate agency commission $ 54,500 $ 211,517 Property management service 6,857 1,767 Home renovation service 9,952 Mortgage referral fee 13,113 6,300 Total real estate service revenue 74,470 229,536 Revenue from property purchases and sales through Cash Offer 4,833,000 5,479,890 Total revenues $ 4,907,470 $ 5,709,426 …

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NOTE 11 INCOME TAXES Linkhome Holdings was incorporated in the State of Nevada in November 2023 and is subject to a 21% corporate federal income tax rate. There is no state income tax in Nevada. Linkhome Holdings serves as a holding company for Linkhome Realty. Effective July 13, 2021, Linkhome Realty elected to be taxed as an S-corporation, a pass-through entity, for which the income, losses, deductions, and credits flow through to the shareholders of the Company for federal tax purposes. The California state annual income tax for S-corporation is the greater of 1.5% of the corporations net income or $800. Effective January 1, 2024, Linkhome Realtys tax status changed to C-corporation, subject to a 21% corporate federal income tax rate and an 8.84% California state income tax rate. Effective for the tax year beginning January 1, 2024, and continuing thereafter unless revoked, Linkhome Holdings and Linkhome Realty have elected to file a consolidated federal income tax return. As a result, Linkhome Holdings net operating losses (NOLs) can be used to offset Linkhome Realtys taxable income, reducing the Companys overall tax liability. The Companys provision for income taxes consisted of the following: Three Months Ended March 31, 2026 Three Months Ended March 31, 2025 Current: Federal income tax expense $ $ 23,614 State income tax expense 3,717 10,910 Deferred: Federal income tax benefit (35,519 ) (2,311 ) State income tax benefit (769 ) Total income tax (benefit) expense $ (31, …

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NOTE 10 LEASE The Company previously leased office space in Irvine, California under a lease agreement entered into on July 31, 2023 with a lease term of 24 months, commencing on September 1, 2023 and expiring on August 31, 2025. The initial monthly rental payment was $3,708 from September 1, 2023 to August 31, 2024, with an annual 3.85% increase to $3,850 beginning on September 1, 2024. In August 2025, the Company entered into a sublease agreement for office space located at 17901 Von Karman Avenue in Irvine, California with a lease term of approximately 42 months, commencing on September 1, 2025 and expiring on February 28, 2029. The monthly base rent under the sublease is $11,084.80. In July and August 2025, the Company entered into several operating lease arrangements related to technology infrastructure and digital assets used in its operations, including AI computing servers, database and content delivery network services, and the domain name Linkhome.ai. These leases generally have contractual terms ranging from 10 to 20 years. Certain of these leases required upfront payments at the commencement of the lease term. As a result, the Company recognized right-of-use assets associated with the prepaid lease payments, which are recognized as lease expense over the respective lease terms. The following tables present the Companys operating lease costs, lease components, remaining lease term and discount rate: Three Months Ended March 31, 2026 Three Months Ended March 31, 202 …

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New Accounting Pronouncements The Company considers the applicability and impact of all ASUs and periodically reviews new accounting standards that are issued. Under the Jumpstart Our Business Startups Act of 2012, as amended (the JOBS Act), the Company meets the definition of an emerging growth company and has elected the extended transition period for complying with new or revised accounting standards, which delays the adoption of these accounting standards until they would apply to private companies. Recently Adopted Accounting Pronouncements In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which requires enhanced income tax disclosures, including additional information in the rate reconciliation and income taxes paid by jurisdiction. ASU 2023-09 is effective for fiscal years beginning after December 15, 2024. The Company adopted ASU 2023-09 for the year ended December 31, 2025, and the adoption did not have a material impact on its consolidated financial statements and related disclosures. Recent Accounting Pronouncements Pending Adoption In November 2024, the FASB issued ASU 2024-03, Income StatementReporting Comprehensive IncomeExpense Disaggregation Disclosures (Subtopic 220-40), which is intended to improve disclosures about a public business entitys expenses and provide more detailed information about the nature of expenses included in commonly presented expense captions, such as cost of revenues and sel …

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NOTE 12 RELATED PARTY TRANSACTIONS Net Revenues Related Party Name of Related Party Nature Relationship Three Months Ended March 31, 2026 Three Months Ended March 31, 2025 Na Li Real estate service revenue real estate agency commission Chief Financial Officer and Director $ $ 97,560 Total $ $ 97,560 For the three months ended March 31, 2025, the Company provided real estate agency services to Na Li, assisting with the sale of one property. The Company earned $126,000 in real estate agency commission revenue and paid a referral fee of $28,440 in connection with the transaction, resulting in net revenue of $97,560 recognized by the Company. …

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NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation and Consolidation The accompanying consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (U.S. GAAP) and applicable rules and regulations of the Securities and Exchange Commission (SEC) regarding consolidated financial reporting. The consolidated financial statements include the accounts of Linkhome Holdings and Linkhome Realty. All intercompany transactions and balances between the Company and its subsidiary have been eliminated upon consolidation. In the opinion of management, such financial information includes all adjustments (consisting only of normal recurring adjustments, unless otherwise indicated) considered necessary for a fair presentation of the Companys financial position at such date and the operating results and cash flows for such periods. Emerging Growth Company The Company is an emerging growth company, as defined in Section 2(a) of the Securities Act, as modified by the Jumpstart Our Business Startups Act of 2012 (the JOBS Act), and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act of 2002, reduced disclosure obligations regarding executive compensation in its periodic r …

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NOTE 13 STOCKHOLDERS EQUITY Linkhome Holdings was incorporated in the State of Nevada on November 6, 2023. The authorized number of shares of preferred stock is 1,000,000 shares with $0.001 par value; no shares of preferred stock were issued or outstanding as of March 31, 2026 and December 31, 2025. The authorized number of shares of common stock is 100,000,000 shares with $0.001 par value. As of March 31, 2026 and December 31, 2025, the Company had 16,230,000 shares of common stock issued and outstanding. In July 2025, the Company completed its initial public offering of 1,725,000 shares of common stock (including the full exercise of the over-allotment option) at a public offering price of $4.00 per share. The Company received gross proceeds of $6,900,000. Underwriting discounts and offering expenses totaling $697,000 were deducted from the gross proceeds, resulting in net proceeds of $6,203,000 received by the Company. Net proceeds were recorded in common stock and additional paid-in capital, with offering costs recorded as a reduction of additional paid-in capital. …

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NOTE 14 SUBSEQUENT EVENTS The Company has evaluated subsequent events through the date of the issuance of the consolidated financial statements and no subsequent event has been identified. …

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