What changed in this filing

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Item 1. Financial Statements

2026-05-01 compared with 2025-11-14 · 88 added, 206 removed, 161 unchanged (65% of the section changed)

7 unchanged sentences

Total current assets

OTHER NON-CURRENT ASSETS

Assets from discontinued operations

LIABILITIES AND STOCKHOLDERS' EQUITY

2 unchanged sentences

Notes payable, related party

Liabilities from discontinued operations

Total current liabilities

2 unchanged sentences

SBA EID Loan 2020

Liabilities from discontinued operations

Total non-current liabilities

17 unchanged sentences

CONSOLIDATED STATEMENTS OF OPERATIONS

the Ninee Months Ended

September 30,

the Three Months Ended

September 30,

Sales – Digital marketing

For the Three Months Ended

– Digital marketing

OPERATING EXPENSES

1 unchanged sentence

Professional fees

General and administrative

Total operating expenses

and administrative

operating expenses

Operating Loss

OTHER INCOME (EXPENSES)

Gain (loss) on disposal of subsidiary

Other income (expenses)

Total other income (expenses)

Net income (loss) from continuing operations

Net income (loss) from discontinued operations

Net income (loss)

Basic net income (loss) per common share

Continuing operations

Discontinued operations

Basic net income (loss) per common share

Basic weighted average common shares outstanding

Diluted net income (loss) per common share

Continuing operations

Discontinued operations

Fully diluted net income (loss) per common share

Fully diluted weighted average common shares outstanding

OTHER EXPENSES

other expenses

loss from continuing operations

loss from discontinued operations

income (loss)

Basic and fully diluted net loss per

common share:

Basic and fully

diluted net loss per common share

Basic and fully

diluted weighted average common shares outstanding

The accompanying notes are an integral part of these unaudited

2 unchanged sentences

AND SUBSIDIARY

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' (DEFICIT) EQUITY

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' DEFICIT

Preferred Stock

Additional Paid-in

Total Stockholders' Equity (Deficit)

Stockholders' Deficit

Balance, December 31, 2025

Common stock issued for cash

Net loss for nine months ended September 30, 2025

Balance, September 30, 2025

Preferred Stock

Additional Paid-in

Total Stockholders' Equity (Deficit)

Balance, June 30, 2025

Net income for three months ended September 30, 2025

Balance, September 30, 2025

Net loss for three months ended March 31, 2026

Balance, March 31, 2026

Preferred Stock

Additional Paid-in

Total Stockholders' Equity (Deficit)

Stockholders' Deficit

December 31, 2024

Net loss for nine months ended September 30, 2024

Balance, September 30, 2024

Preferred Stock

Additional Paid-in

Total Stockholders' Equity (Deficit)

Balance, June 30, 2024

Net loss for three months ended September 30, 2024

Balance, September 30, 2024

Net loss for three months ended March 31, 2025

Balance, March 31, 2025

The accompanying notes are an integral part of these unaudited

3 unchanged sentences

CONSOLIDATED STATEMENTS OF CASH FLOWS

the Nine Months Ended

September 30,

CASH FLOWS FROM OPERATING ACTIVITIES:

Adjustments to reconcile net loss to

cash provided (used) by operating activities:

Loss on disposal of subsidiary

Loss on disposal of assets

Changes in operating assets and liabilities:

For the Three Months Ended

CASH FLOWS FROM

OPERATING ACTIVITIES:

Changes in operating

assets and liabilities:

Accounts receivable

Decrease in accounts receivable from related party

Prepaid assets

Leased assets

Accounts payable and accrued expenses

Lease liabilities

Net cash (used in)/provided by operating activities

CASH FLOWS FROM FINANCING ACTIVITIES:

Common stock and shares to be issued for cash

Proceeds from the issuance of notes payable, related party

Payments on notes payable, related party

Payments on notes payable

Net cash provided by (used in) financing activities

Accounts payable

and accrued expenses

cash (used in)/provided by operating activities

CASH FLOWS FROM

FINANCING ACTIVITIES:

from the issuance of notes payable, related party

cash provided by (used in) financing activities

Net change in cash

Cash, beginning of year

Cash, end of year

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION

beginning of year

SUPPLEMENTAL DISCLOSURE

OF CASH FLOW INFORMATION

Cash paid for interest

2 unchanged sentences

consolidated financial statements.

FAST CASUAL CONCEPTS, INC.

AND SUBSIDIARY

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

March 31, 2026

NOTE 1 - ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES

4 unchanged sentences

On April 13, 2020, the Company

re-domiciled in the state of Wyoming, increasing its authorized number common shares available to be issued to 750,000,000 and effectuating

a 10-for-1 forward-split of its common stock.

During October 2024, Fast Casual effectuated a 4:1 reverse split of its common stock.

re-domiciled in the state of Wyoming, increasing its authorized number common shares available to be issued to 750,000,000 .

Fast Casual was incorporated to develop, build, operate and

2 unchanged sentences

remaining franchising operations were discontinued during 2024 with the shuttering of the last franchised eating establishment.

all balances and activity related to the franchising business have been shown as discontinued operations as of and for the nine months

ended September 30, 2024 (see Note 7).

GDS was incorporated on September 23, 2025 under the laws

of the state of Wyoming to pursue digital marketing.

GDS has 100,000 shares of common stock, par value $ 0.001 per share, available to

be issued, all 100,000 shares of common stock are issued to Fast Casual as its parent.

GDS has 100,000 shares of common stock par value $ 0.001 per share available to be

issued, All 100,000 shares of common stock are issued to Fast Casual as its parent.

On September 30, 2025, Fast Casual terminated its previous

8 unchanged sentences

As such, all balances and activity related to CK business have been shown as discontinued operations as

of and for the nine months ended September 30, 2025 (see Note 7).

of and for the three months ended March 31, 2026 (see Note 7).

Basis of Presentation

11 unchanged sentences

read in conjunction with Fast Casual's most recent audited financial statements as of December 31, 2025.

Operating results for the nine

months ended September 30, 2025 are not necessarily indicative of the results that may be expected for the year ending December 31, 2025.

Reclassifications

Long term loan amounts totaling $ 62,000 to a related party

as of December 31, 2024 has been reclassified to long term debt on the face of the unaudited balance sheet to reflect it not being due

until December 31, 2026.

Operating results for the three

months ended March 31, 2026 are not necessarily indicative of the results that may be expected for the year ending December 31, 2026.

Revenue Recognition Policy

6 unchanged sentences

obligation as each performance obligation in a contract is satisfied.

Fast Casual recognized revenue from continuing operations

from the sale of digital marketing services totaling $ 44,600 for the nine months ended September 30, 2025.

Revenue from discontinued operations

is from the specialty drink mix sales revenue of $ 36,854 and $ 0 , and franchising rights sales of $ 0 and $ 20,321 , during the nine months

ended September 30, 2025 and 2024, respectively (see Note 7).

Fast Casual recognized revenue from the sale of digital marketing

services totaling $ 27,900 and $ 0 for the three months ended March 31, 2026 and 2025, respectively.

New Accounting Pronouncements

3 unchanged sentences

pronouncements that have been issued that might have a material impact on its financial position or results of operations.

FAST CASUAL CONCEPTS, INC.

AND SUBSIDIARY

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

March 31, 2026

Basic and Diluted Loss Per Share

11 unchanged sentences

shares if their effect is anti-dilutive.

There are no outstanding dilutive instruments as of September 30, 2025 or December 31, 2024.

There are no outstanding dilutive instruments as of March 31, 2026 or December 31, 2025.

The calculation of basic and diluted net loss per share are

Schedule of basic and diluted loss per share

the Nine Months Ended

September 30,

the Three Months Ended

September 30,

Basic Net Income (Loss) Per Common Share:

Net income (loss) from continuing operations

Net income (loss) from discontinued operations

Basic weighted-average common shares outstanding

Net income (loss) per share from continuing operations

Net income (loss) per share from discontinued operations

Basic net income per share

For the Nine Months Ended

September 30,

For the Three Months Ended

September 30,

Fully Diluted Net Income (Loss) Per Common Share:

Net income (loss) from continuing operations

Net income (loss) from discontinued operations

Fully Diluted weighted-average common shares outstanding

Net income (loss) per share from continuing operations

Net income (loss) per share from discontinued operations

Fully Diluted net income per share

Basic and Fully Diluted Net Loss Per Common Share:

Net loss from continuing operations

Net loss from discontinued operations

Basic and fully diluted weighted-average common shares outstanding

Net loss per share from continuing operations

Net loss per share from discontinued operations

Basic and fully diluted net loss per share

NOTE 2 - RELATED PARTY TRANSACTIONS

Advances Payable

During the nine months ended September 30, 2025, an

officer and director of Fast Casual loaned the Company $ 2,481 .

During the year ended December 31, 2024,the officer and director loaned

the Company $ 17,000 .

The advances are due on demand, unsecured and do not bare interest.

The balance of the advances were $ 19,481 and

$ 17,000 at September 30, 2025 and December 31, 2024, respectively.

During the nine months ended September 30, 2025, a former

officer and director of Fast Casual loaned the Company $ 15,000 , repaid $ 83 and assumed the remaining $ 15,246 in a acquisition recission

agreement (see Note 7).

During the year ended December 31, 2024, the officer and director loaned the Company $ 329 .

The balance of the

loans were $ 0 and $ 329 at September 30, 2025 and December 31, 2024, respectively.

Notes Payable

During November 2024, as a result of the acquisition of CK,

the Company entered into a note payable with an officer and director of Fast Casual in the amount of $ 62,000 .

The note is unsecured, does

not bear interest and is due December 31, 2026.

During the nine months ended September 30, 2025, the officer and director loaned another

$ 39,000 under this note.

The balance of the loan was $ 101,000 and $ 62,000 at September 30, 2025 and December 31, 2024, respectively.

Fast Casual’s notes payable to related parties consist

of the following at:

Schedule of notes payable to related parties

September 30,

Notes payable, interest at 0%, unsecured, due December 31, 2026

Note payable, no interest, unsecured, due upon demand

current portion

Long-term notes payable

NOTE 3 - STOCKHOLDERS’ DEFICIT

During the nine months ended September 30, 2025, Fast Casual

issued 12,000 shares of its common stock for cash of $ 6,000 , or $ 0.50 per share.

NOTE 4 - OPERATING LEASE

During November 2024, the Company entered into a lease

agreement for operating and administrative space in Tarpon Springs, Florida.

The lease term is two 2 years, calls for an upfront

payment of $ 50,000 and monthly payments of $ 4,280 beginning January 1, 2025.

Fast Casual recorded a right-to-use lease asset and

lease liability totaling $ 135,860 related to the above-described lease.

On June 30, 2025, as part of its termination of acquisition

of CK, Fast Casual derecognized the net lease assets of $ 96,109 and liabilities of $ 64,304 , recognizing a loss of $ 31,805 , which is

netted with other items in the total net loss on disposal of subsidiary (see Note 7).

During the three months ended March 31, 2026, an officer

and director of Fast Casual loaned the Company $ 21,000 .

The loans are due December 31, 2028, unsecured and do not bare interest.

of the related party loans were $ 40,481 and $ 19,481 at March 31, 2026 and December 31, 2025, respectively.

NOTE 3 - CARES ACT FUNDING

1 unchanged sentence

Act, during 2020 through 2021, Fast Casual borrowed a total of $ 114,400 in Economic Injury Disaster Loans (EIDL).

The terms call for interest

at 3.75 % and installment payments of principal and interest of $ 577 per month beginning twenty-four months from the date of the original

note in 2020.

During 2024, the Company was granted partial payment relief through a hardship accommodation plan, temporarily reducing

the monthly payment to $ 58 per month in interest only payments until March 2025.

The balance of the EIDL and accrued interest, was $ 119,924

and $ 120,632 September 30, 2025 and December 31, 2024, respectively.

Schedule of EIDL payable

A summary of the EIDL payable are as follows:

September 30, 2025

EIDL, interest at 3.75% per annum, due in monthly payments beginning 2021

current portion

Long-term debt, net

Maturities of the above note payable are as follows at September

Schedule of maturities

The EIDL are due in

30 years from the dates of issuance and the terms call for interest at 3.75 % and installment payments of principal and interest of $ 577

per month beginning twenty-four months from the date of the original note in 2020.

During 2024, the Company was granted partial payment

relief through a hardship accommodation plan, temporarily reducing the monthly payment to $ 58 per month in interest only payments until

During 2025, $ 84 of fees were added to the principal balance of the loan.

The balance of the EIDL was $ 114,484 and $ 114,484

at March 31, 2026 and December 31, 2025, respectively.

NOTE 4 - GOING CONCERN

6 unchanged sentences

financial conditions that caused management to express substantial doubt about Fast Casual's ability to continue as a going concern are

FAST CASUAL CONCEPTS, INC.

AND SUBSIDIARY

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

March 31, 2026

To date, Fast Casual has raised over $ 1,000,000 and is seeking

1 unchanged sentence

Funds received from the issuance of debt and equity will

be used to increase production, marketing and sale of specialty drink mixes and expand brand identity to ultimately achieve profitability.

The continuation of Fast Casual as a going concern is dependent upon its ability to generate profitable operations that produce positive

If Fast Casual is not successful, it may be forced to raise additional debt or equity financing.

be used to increase its digital marketing services to ultimately achieve profitability.

The continuation of Fast Casual as a going

concern is dependent upon its ability to generate profitable operations that produce positive cash flows.

If Fast Casual is not successful,

it may be forced to raise additional debt or equity financing.

There can be no assurance that Fast Casual will be able to

5 unchanged sentences

NOTE 5 - DISCONTINUED OPERATIONS

CK Distribution

During September 2025, the Company terminated its acquisition

1 unchanged sentence

The parties agreed to return the privately held common stock shares of Fast Casual and the owner of CK assumed

all liabilities and obligations of CK as of September 30, 2025.

all liabilities and obligations of CK as of March 31, 2026.

The historical statement of operations of the specialty beverage business

of CK for the nine months ended September 30, 2025 have been presented as discontinued operations in the consolidated financial statements.

Fast Casual recognized a loss on disposal of subsidiary as

Schedule of disposal of subsidiary

Net lease assets and liabilities

Notes payable, related party

Accounts payable

Net loss on disposal of subsidiary

Fast Casual Franchising

During 2024, the Company was notified that its only franchisee

was ceasing operations at its restaurants.

The discontinuation of the restaurants lead the Company to abandon its franchise business and

shift its focus on the specialty beverage business as described above.

As such, the franchise operations business qualified as discontinued

operations as it represented a significant strategic shift of the Company’s operations and financial results.

In addition, the operations

and cash flows of the franchise operations business can be distinguished, operationally and for financial reporting purposes, from the

remaining operations of the Company.

The historical statement of operations of the franchise business as of December 31, 2024 and 2023

have been presented as discontinued operations in the consolidated financial statements.

of CK for the year ended December 31, 2025 has been presented as discontinued operations in the consolidated financial statements.

The operating results of the Company’s discontinued

operations for the years ended December 31, 2024 and 2023 are as follows:

Schedule of operations

the Nine Months Ended

September 30,

operations for the three months ended March 31, 2026 and 2025 are as follows:

the Three Months Ended

Beverage sales

Franchise income

Total revenues

COST OF SALES

3 unchanged sentences

Operating expenses

General and administrative expenses

Professional fees

Total operating expenses

OTHER EXPENSE

Asset impairment expense

Total other expense

(Loss) Income from discontinued operations

Loss from discontinued operations

Total cash provided by operating activities of discontinued

operations were $ 11,927 and $ 20,117 , respectively, for the nine months ended September 30, 2025 and 2024, respectively.

operations were $- sand $ 5,963 , respectively, for the three months ended March 31, 2026 and 2025, respectively.

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-Q

Item 1. Financial Statements