Financial Analysis

NOTE 16 COMMITMENTS AND CONTINGENCIES Commitments Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. ROU assets represent our 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. Generally, the implicit rate of interest in arrangements is not readily determinable and the Company utilizes its incremental borrowing rate in determining the present value of lease payments. The Companys incremental borrowing rate is a hypothetical rate based on its understanding of what its credit rating would be. The operating lease ROU asset includes any lease payments made and excludes lease incentives. The Companys variable lease payments primarily consist of maintenance and other operating expenses from their real estate leases. Variable lease payments are excluded from the ROU assets and lease liabilities and are recognized in the period in which the obligation for those payments is incurred. The Companys lease terms may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option. Lease expense for minimum lease payments is recognized on a straight-line basis over the lease term. The Company does not have any long-term leases and leases are on a month-to-month basis as of December 31, 2025 and 2024. Total rent expense was $ nil and $ 69,3 …

CommitmentsAndContingenciesDisclosureTextBlock · excerpt; the full note is in the filing

NOTE 9 CONVERTIBLE NOTES PAYABLE Convertible notes payable consisted of the following: SCHEDULE OF CONVERTIBLE NOTES PAYABLE December 31, December 31, 2025 2024 November 2025 Auctus Fund ($ 110,000 ) $ 110,000 $ - November 2025 CFI Capital LLC ($ 150,000 ) 150,000 - November 2025 GS Capital Partners LLC ($ 140,000 ) 140,000 - November 2025 Labrys Fund II Note ($ 275,000 ) 275,000 - Total convertible notes payable 675,000 - Debt discount (124,434) - Total notes payable to related parties (current) $ 550,566 $ - November 11, 2025 Auctus Fund, LLC - $110,000 On November 11, 2025, the Company issued a convertible promissory note (the Note) to Auctus Fund, LLC in the principal amount of $ 110,000 pursuant to a Securities Purchase Agreement. The Note bears a one-time interest charge at 12 %, equivalent to $ 13,200 , which was earned in full on the issuance date. The Note matures twelve months from the issuance date, November 11, 2026 . The Note may not be prepaid except as explicitly provided in the agreement. Any amounts not paid when due bear default interest at the lesser of 22 % per annum or the maximum rate permitted by law. Conversion Features Beginning six months after the issuance date, the holder may convert all or a portion of the outstanding principal and accrued interest into shares of the Companys common stock. The conversion price is equal to 60% of the lowest trading price of the Companys common stock during the fifteen (15) trading days prior to the conversion date …

DebtDisclosureTextBlock · excerpt; the full note is in the filing

NOTE 13 EQUITY BASED PAYMENTS The Company accounts for equity-based payment accruals under authoritative guidance as set forth in the Topics of the ASC. The guidance requires all equity-based payments to employees and non-employees, including grants of employee and non-employee stock options and warrants, to be recognized in the consolidated financial statements based at their fair values. Stock Incentive Plans The Company has the following stock incentive plans: Stock Option Plan Effective January 15, 2020, the Company adopted its 2020 Stock Option and Award Plan (the 2020 Stock Incentive Plan). A total of 2,222 shares of the Companys common stock were reserved for the 2020 Stock Incentive Plan. As of March 31, 2025 and December 31, 2024, there were no grants made under the 2020 Stock Incentive Plan. On May 4, 2023, the Company terminated the 2020 Stock Incentive Plan. Effective August 9, 2022, the Company adopted its 2022 Incentive and Non-statutory Stock Option Plan (the 2022 Stock Option Plan). Under the 2022 Stock Option Plan, the Board of Directors may grant options to purchase common stock to officers, employees, and other persons who provide services to the Company. A total of 833,333 shares of the Companys common stock is reserved for the 2022 Stock Option Plan. The Company granted and issued the following stock options during the year ended December 31, 2025: The Company granted and issued 708,333 shares of common stock under the 2022 Stock Option Plan to its employ …

DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock · excerpt; the full note is in the filing

NOTE 3 FAIR VALUE MEASUREMENTS The Company utilizes ASC 820-10, Fair Value Measurement and Disclosure, for valuing financial assets and liabilities measured on a recurring basis. Fair value is defined as the exit price, or the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants as of the measurement date. The guidance also establishes a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. Observable inputs are inputs market participants would use in valuing the asset or liability and are developed based on market data obtained from sources independent of the Company. Unobservable inputs are inputs that reflect the Companys assumptions about the factors market participants would use in valuing the asset or liability. The guidance establishes three levels of inputs that may be used to measure fair value: Level 1. Observable inputs such as quoted prices in active markets; Level 2. Inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and Level 3. Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions. The carrying value of financial assets and liabilities recorded at fair value is measured on a recurring or nonrecurring b …

FairValueDisclosuresTextBlock · excerpt; the full note is in the filing

NOTE 15 INCOME TAX PROVISION Total income tax (benefit) expense consists of the following: SCHEDULE OF INCOME TAX PROVISION (BENEFIT) Years ended December 31, 2025 2024 Current provision (benefits): Federal $ - $ - State - 915 Total current provision (benefits): $ - $ 915 Deferred provision (benefits): Federal $ - $ - State - - Total deferred provision (benefits) $ - $ - Total tax provision (benefits) $ - $ 915 A reconciliation of the Companys effective tax rate to the statutory federal rate is as follows: SCHEDULE OF RECONCILIATION OF STATUTORY FEDERAL INCOME TAX RATE AND EFFECTIVE INCOME TAX RATE Years ended December 31, 2025 2024 Effective tax rates: Statutory federal rate 21.00 % 21.00 % State income taxes 8.84 % 8.84 % Permanent differences for tax purposes and others - % - % Change in valuation allowance (29.84 )% (29.84 )% Effective tax rate - % - % The income tax benefit differs from the amount computed by applying the U.S. federal statutory tax rate of 21 % and California state income taxes of 8.84 % due to the change in the valuation allowance. SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES Years ended December 31, 2025 2024 Deferred tax assets: Net operating loss $ 9,491,000 $ 8,153,000 Other temporary differences - - Total deferred tax assets (liabilities) 9,491,000 $ 8,153,000 Less valuation allowance (9,491,000 ) (8,153,000 ) Total deferred tax assets, net of valuation allowance $ - $ - Deferred income taxes reflect the temporary differences between the carryin …

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

NOTE 5 NOTE PAYABLE On March 1, 2021, an individual loaned the predecessor company $ 35,000 in exchange for an unsecured promissory note that included interest at the rate of 10% per annum on the unpaid principal balance with all unpaid principal and interest due on or before March 1, 2022 . The maturity date was extended to December 31, 2022. Interest is due and payable on the first day of each month. As of December 31, 2025 and 2024, the Company owes $ 35,000 in principal and accrued interest of $ 16,845 and $ 13,345 as of December 31, 2025 and 2024, respectively. …

LongTermDebtTextBlock · excerpt; the full note is in the filing

Recent Accounting Pronouncements Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures-In November 2023, the Financial Accounting Standards Board (FASB) issued Accounting Standard Update (ASU) No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which requires a public entity to disclose significant segment expenses and other segment items on an annual and interim basis and provide in interim periods all disclosures about a reportable segments profit or loss and assets that are currently required annually. Additionally, it requires a public entity to disclose the title and position of the Chief Operating Decision Maker (CODM). The ASU does not change how a public entity identifies its operating segments, aggregates them, or applies the quantitative thresholds to determine its reportable segments. The new standard is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted. A public entity should apply the amendments in this ASU retrospectively to all prior periods presented in the financial statements. The Company adopted the ASU beginning with its Form 10-K for the year ended December 31, 2025. However, the adoption of the new standard did not have a material impact on the requisite disclosure in its financial statements. In November 2024, the FASB issued ASU 2024-03, Income StatementReporting Comprehensi …

NewAccountingPronouncementsPolicyPolicyTextBlock · excerpt; the full note is in the filing

NOTE 14 RELATED PARTY TRANSACTIONS The Company had the following related party transactions: Royalty Payables Limitless Performance Inc. (LPI), SMILZ INC. (Smiles), DIVATRIM INC. (Divatrim), and AMAROSE INC. (Amarose, and collectively with LPI, Smiles, and Divatrim, the Licensors) are all companies at least 50% owned by a shareholder of the Company. On December 1, 2021, the Company entered into manufacturing and distributorship license agreements (each, a License Agreement) with each of the Licensors to distribute each of the Licensors respective products and for payments to such Licensor for its product designs and distribution rights. Pursuant to the License Agreements, and each of them, the Company agreed to pay to such Licensors royalty payments equal to 4.00 % of gross sales, excluding returns, chargebacks, and other such allowances. On October 1, 2023, the Company terminated each of the License Agreements; however, the Company maintained its license for NZT-48 with LPI. As of December 31, 2025 and December 31, 2024, the royalty payable was $ 0 and $ 220,535 , respectively. Notes Payable to Shareholder The Company had various notes payable with its shareholder who is the Chief Executive Officer of the Company. As of December 31, 2025 and 2024, the Company had $ 0 and $ 5,144,460 outstanding. The amount outstanding at December 31, 2024 was converted to preferred C and D shares during the year ended December 31, 2025. Notes Payable to Related Parties The Company entered in …

RelatedPartyTransactionsDisclosureTextBlock · excerpt; the full note is in the filing

NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Principles of Consolidation and Reporting The accompanying consolidated financial statements include the accounts of Limitless X Holdings Inc. (a holding company) and its wholly owned operating subsidiaries: Limitless X, Inc., and Prime Time Live, Inc. (collectively, the Company). All intercompany balances have been eliminated during consolidation. Going Concern The accompanying consolidated financial statements have been prepared assuming the Company will continue as a going concern, which contemplates, among other things, the realization of assets and satisfaction of liabilities in the normal course of business. The Company had an accumulated deficit of $ 84.96 million at December 31, 2025, and had a net loss of $ 46.1 million for the year ended December 31, 2025. These matters raise substantial doubt about the Companys ability to continue as a going concern. To support our existing and planned business model, the Company needs to raise additional capital to fund our future operations. The Company has not experienced any difficulty in raising funds through loans and has not experienced any liquidity problems in settling payables in the normal course of business and repaying loans when they fall due. Successful renewal of our loans, however, is subject to numerous risks and uncertainties. In addition, the increasingly competitive industry conditions under which we operate may negatively impacted our results of operations and …

SignificantAccountingPoliciesTextBlock · excerpt; the full note is in the filing

NOTE 12 STOCKHOLDERS EQUITY Common Stock As of December 31, 2025 and 2024, the Company has 300,000,000 authorized shares of common stock par value $ 0.0001 per share. Preferred Stock As of December 31, 2025 and 2024, the Company has authorized 30,000,000 shares of preferred stock, 500,000 shares of which were designated as Class A Convertible Preferred Stock (Class A Preferred Stock). and 11,000,000 shares of which were designated as Class B Convertible Preferred Stock, 5,000,000 shares of which were designated as Class C Convertible Preferred Stock (Class C Preferred Stock), and 5,000,000 shares of which were designated as Class D Convertible Preferred Stock (Class D Preferred Stock). Class A Convertible Stock As of December 31, 2025 and 2024, there were a total of 500,000 shares of Class A Preferred Stock issued and outstanding. The Class A Preferred Stock, when voting as a single class, has the votes of at least 60 % of the voting power of the Company. Further, the holder of the Class A Preferred Stock can convert one share of Class A Preferred Stock into two shares of the Companys common stock, subject to adjustment. In addition, the holder of the Class A Preferred Stock is entitled to a liquidation preference of the Company senior to all other securities of the Company. Class B Convertible Stock As of December 31, 2025 and 2024, there were a total of 1,062,712 shares of Class B Preferred Stock issued and outstanding. On October 23, 2023, pursuant to certain Conversion Ag …

StockholdersEquityNoteDisclosureTextBlock · excerpt; the full note is in the filing

NOTE 17 SUBSEQUENT EVENTS The Company evaluated all events or transactions that occurred after December 31, 2025. During this period, the Company did not have any material recognizable subsequent events required to be disclosed other than the following: February 5, 2026 The Company had 1,046,836 shares issuable as of December 31, 2025 related to accrued salaries settlement of which these shares were issued on February 5, 2026. February 5, 2026 The Company had 250,000 shares issuable as of December 31, 2025 related to executive compensation of which these shares were issued on February 5, 2026. February 10, 2026 The Company had 34,649 shares issuable as of December 31, 2025 related to consulting services of which these shares were issued on February 10, 2026. January 22, 2026 The Company had 181,661 shares issuable as of December 31, 2025 related to consulting services of which these shares were issued on January 22, 2026. January 1, 2026- On January 1, 2026, the Company purchased 80 % interest of Limitless Films, Inc. from EM1 Capital LLC for $ 1.00 . Limitless Film, Inc. was formed in December 2024. The Company previously held 20 % of Limitless Film, Inc. and Limitless Film, Inc. had very limited activities in 2025 or since formation. January 1, 2026 On January 1, 2026, the Company purchased 80 % of the interest of Limitless Entertainment Group, Inc. from EM1 Capital LLC for a $ 1.00 . The Company previously held 20 % of Limitless Entertainment Group, Inc. and Limitless Ente …

SubsequentEventsTextBlock · excerpt; the full note is in the filing

NOTE 15 COMMITMENTS AND CONTINGENCIES Contingencies From time to time, the Company may be involved in certain legal actions and claims arising in the normal course of business. Management is of the opinion that such matters will be resolved without material effect on the Companys financial condition or results of operations. The Company did not have any legal actions or claims that had a material effect on the results of operation or financial position of the Company. From time to time, the Company is involved in legal proceedings. arising in the ordinary course of our business, the resolution of the majority of these matters which we do not anticipate would have, individually or in the aggregate, a material adverse effect on our business, financial condition, or results of operations. The following is a summary of our current outstanding litigation and litigation matters that were settled: Morgan Quinn, et al. v. Limitless X Inc., et al. On April 22, 2026, a putative class action complaint was filed in the United States District Court for the District of Oregon by plaintiffs Morgan Quinn and Jorge Delgadillo against Limitless X Inc., Limitless X Holdings, Inc., and Limitless Performance Inc. The complaint alleges that defendants engaged in deceptive marketing practices with respect to a dietary supplement product marketed as NZT-48, including alleged misrepresentations regarding its ingredients, origin, and efficacy. The complaint asserts claims under Oregon and Florida cons …

CommitmentsAndContingenciesDisclosureTextBlock · excerpt; the full note is in the filing

NOTE 10 CONVERTIBLE NOTES PAYABLE Convertible notes payable consisted of the following: SCHEDULE OF CONVERTIBLE NOTES PAYABLE March 31, December 31, 2026 2025 November 2025 Auctus Fund ($ 110,000 ) $ 98,000 $ 110,000 November 2025 CFI Capital LLC ($ 150,000 ) 150,000 150,000 November 2025 GS Capital Partners LLC ($ 140,000 ) 140,000 140,000 November 2025 Labrys Fund II Note ($ 275,000 ) 252,725 275,000 Total convertible notes payable 640,725 675,000 Debt discount (87,726 ) (124,434 ) Total notes payable to related parties (current) $ 552,999 $ 550,566 November 11, 2025 Auctus Fund, LLC - $110,000 On November 11, 2025, the Company issued a convertible promissory note (the Note) to Auctus Fund, LLC in the principal amount of $ 110,000 pursuant to a Securities Purchase Agreement. The Note bears a one-time interest charge at 12 %, equivalent to $ 13,200 , which was earned in full on the issuance date. The Note matures twelve months from the issuance date, November 11, 2026 . The Note may not be prepaid except as explicitly provided in the agreement. Any amounts not paid when due bear default interest at the lesser of 22 % per annum or the maximum rate permitted by law. Conversion Features Beginning six months after the issuance date, the holder may convert all or a portion of the outstanding principal and accrued interest into shares of the Companys common stock. The conversion price is equal to 60% of the lowest trading price of the Companys common stock during the fifteen (15) …

DebtDisclosureTextBlock · excerpt; the full note is in the filing

NOTE 12 EQUITY BASED PAYMENTS The Company accounts for equity-based payment accruals under authoritative guidance as set forth in the Topics of the ASC. The guidance requires all equity-based payments to employees and non-employees, including grants of employee and non-employee stock options and warrants, to be recognized in the consolidated financial statements based at their fair values. Stock Incentive Plans The Company has the following stock incentive plans: Stock Option Plan Effective January 15, 2020, the Company adopted its 2020 Stock Option and Award Plan (the 2020 Stock Incentive Plan). A total of 2,222 shares of the Companys common stock were reserved for the 2020 Stock Incentive Plan. As of March 31, 2026, and 2025, there were no grants made under the 2020 Stock Incentive Plan. On May 4, 2023, the Company terminated the 2020 Stock Incentive Plan. Effective August 9, 2022, the Company adopted its 2022 Incentive and Non-statutory Stock Option Plan (the 2022 Stock Option Plan). Under the 2022 Stock Option Plan, the Board of Directors may grant options to purchase common stock to officers, employees, and other persons who provide services to the Company. A total of 833,333 shares of the Companys common stock is reserved for the 2022 Stock Option Pla, which were issued to officers and directors in fiscal 2025 and there are no any shares outstanding under the 2022 Stock Option Plan. Restricted Stock Plan Effective August 9, 2022, the Company adopted its 2022 Restricted …

DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock · excerpt; the full note is in the filing

NOTE 13 LEASES On October 15, 2025, the Company entered into a non-cancelable retail facility lease with RWBP Highland, L.P. for approximately 3,815 rentable square feet of space located at 1724 N Highland Avenue, Suite 270, Los Angeles, California 90028. The lease is for the operation of a first-class studio fitness, private fitness training facility, company promotional events and company content creation. The lease term is five years, commencing on the rent commencement date of February 1, 2026, and expiring on January 31, 2031. The lease also includes one five-year renewal option; however, the renewal option has not been included in the lease term as the Company has not concluded that exercise of the option is reasonably certain. The lease requires monthly base rent ranging from approximately $ 14,306 to $ 16,214 during the initial lease term, plus fixed additional rent for common area costs, taxes and insurance starting at $ 1.00 per rentable square foot per month, subject to annual escalation. The Company classified the lease as an operating lease under ASC 842 and recognized a right-of-use asset and lease liability using an incremental borrowing rate of 8.00 %. SCHEDULE OF OPERATING LEASE LIABILITIES For the Three Months Ended March 31, 2026 2025 Operating lease expense $ 39,203 - Total lease expense 39,203 - In accordance with ASC 842, other information related to leases was as follows: For the Three Months Ended March 31, Operating cash flows from operating leases $ …

LesseeOperatingLeasesTextBlock · excerpt; the full note is in the filing

NOTE 6 NOTE PAYABLE On March 1, 2021, an individual loaned Prime Time Live, Inc. $ 35,000 in exchange for an unsecured promissory note, with interest at a rate of 10 % per annum, and a maturity date of March 1, 2022 , which was then extended to May 31, 2023. Interest is due and payable on the first day of each month. As of March 31, 2026 and December 31, 2025, the balance was $ 35,000 . …

LongTermDebtTextBlock · excerpt; the full note is in the filing

Recent Accounting Pronouncements Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures-In November 2023, the Financial Accounting Standards Board (FASB) issued Accounting Standard Update (ASU) No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which requires a public entity to disclose significant segment expenses and other segment items on an annual and interim basis and provide in interim periods all disclosures about a reportable segments profit or loss and assets that are currently required annually. Additionally, it requires a public entity to disclose the title and position of the Chief Operating Decision Maker (CODM). The ASU does not change how a public entity identifies its operating segments, aggregates them, or applies the quantitative thresholds to determine its reportable segments. The new standard is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted. A public entity should apply the amendments in this ASU retrospectively to all prior periods presented in the financial statements. The Company adopted the ASU beginning with its Form 10-K for the year ended December 31, 2024. However, the adoption of the new standard did not have a material impact on the requisite disclosure in its financial statements. In November 2024, the FASB issued ASU 2024-03, Income StatementReporting Comprehensi …

NewAccountingPronouncementsPolicyPolicyTextBlock · excerpt; the full note is in the filing

NOTE 14 RELATED PARTY TRANSACTIONS The Company had the following related party transactions: Share Exchange Agreements - Effective February 23, 2026, the Company entered into exchange agreements with EM1, Limitless Performance Inc., and Amarose, Inc. (Amarose), each of which is controlled by the Companys Chief Executive Officer and greater than 10% shareholder, Jaspreet Mathur, pursuant to which such affiliates exchanged an aggregate of 304,264 shares of the Companys Class C Convertible Preferred Stock for an aggregate of 1,264,365 shares of the Companys Series D 15 % Cumulative Redeemable Perpetual Preferred Stock. No additional cash consideration was paid in connection with the exchanges, except for cash payable in lieu of any fractional share. Royalty Payables LPI, SMILZ INC. (Smiles), DIVATRIM INC. (Divatrim), and Amarose. (Amarose, and collectively with LPI, Smiles, and Divatrim, the Licensors) are all companies at least 50% owned by a shareholder of the Company. On December 1, 2021, the Company entered into manufacturing and distributorship license agreements (each, a License Agreement) with each of the Licensors to distribute each of the Licensors respective products and for payments to such Licensor for its product designs and distribution rights. Pursuant to the License Agreements, and each of them, the Company agreed to pay to such Licensors royalty payments equal to 4.00 % of gross sales, excluding returns, chargebacks, and other such allowances. On October 1, 2023 …

RelatedPartyTransactionsDisclosureTextBlock · excerpt; the full note is in the filing

NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The accompanying unaudited interim consolidated financial statements as of and for the three months ended March 31, 2026 and 2025 have been prepared in accordance with accounting principles generally accepted in the United States of America (US GAAP) for interim financial information and in accordance with the instructions to Form 10-Q. Accordingly, they do not include all of the information and notes required by US GAAP for complete financial statements. In the opinion of management, all adjustments (consisting only of normal recurring accruals) considered necessary for a fair presentation have been included. All intercompany balances and transactions have been eliminated in consolidation. Operating results for the three months ended March 31, 2026 and 2025 are not necessarily indicative of the results that may be expected for any future periods or the year ending December 31, 2026. The accompanying unaudited consolidated financial statements should be read in conjunction with the Companys Annual Report on Form 10-K for the fiscal year ended December 31, 2025 (2026 10-K) filed with the Securities and Exchange Commission (SEC) on April 15, 2026. Going Concern The accompanying consolidated financial statements have been prepared assuming the Company will continue as a going concern, which contemplates, among other things, the realization of assets and satisfaction of liabilities in the normal course of business. The Company had …

SignificantAccountingPoliciesTextBlock · excerpt; the full note is in the filing

NOTE 11 STOCKHOLDERS DEFICIT Common Stock As of March 31, 2026, and December 31, 2025, the Company has 300,000,000 authorized shares of common stock par value $ 0.0001 per share. Preferred Stock As of March 31, 2026, and December 31, 2025, the Company has authorized 30,000,000 shares of preferred stock, 500,000 shares of which were designated as Class A Convertible Preferred Stock (Class A Preferred Stock). and 11,000,000 shares of which were designated as Class B Convertible Preferred Stock. Class A Convertible Stock As of March 31, 2026, and December 31, 2025, there were a total of 500,000 shares of Class A Preferred Stock issued and outstanding. The Class A Preferred Stock, when voting as a single class, has the votes of at least 60 % of the voting power of the Company. Further, the holder of the Class A Preferred Stock can convert one share of Class A Preferred Stock into two shares of the Companys common stock, subject to adjustment. In addition, the holder of the Class A Preferred Stock is entitled to a liquidation preference of the Company senior to all other securities of the Company. Class B Convertible Stock As of March 31, 2026, and December 31, 2025, there were a total of 531,356 shares of Class B Preferred Stock issued and outstanding. On October 23, 2023, pursuant to certain Conversion Agreements, the Company issued an aggregate of 10,349,097 shares of Class B Preferred Stock and extinguished $ 9,675,000 of convertible debt including accumulated interest as of O …

StockholdersEquityNoteDisclosureTextBlock · excerpt; the full note is in the filing

NOTE 16 SUBSEQUENT EVENTS The Company evaluated all events or transactions that occurred after March 31, 2026. During this period, the Company did not have any material recognizable subsequent events required to be disclosed. …

SubsequentEventsTextBlock · excerpt; the full note is in the filing