What changed in this filing

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Item 2. Management’s Discussion and Analysis

2026-08-03 compared with 2026-05-01 · 106 added, 89 removed, 98 unchanged (67% of the section changed)

23 unchanged sentences

opinions only as of the date of the filing of this Quarterly Report on Form 10-Q and are not guarantees of future performance or actual

Fast Casual was incorporated to develop,

build, operate and franchise casual eating establishments.

All restaurant development, building, operations and franchising operations

were discontinued by the end of 2024.

Fast Casual acquired CK Distribution (“CK”) in November 2024 to pursue production, market

and sale of specialty drink mixes.

Fast Casual was incorporated to develop, build, operate and

franchise casual eating establishments.

All restaurant development, building, operations and franchising operations were discontinued

by the end of 2024.

Fast Casual acquired CK Distribution (“CK”) in November 2024 to pursue production, market and sale of

specialty drink mixes.

During June 2025, Fast Casual and the former owner of CK agreed to terminate the acquisition agreement.

As such, all balances and activity related to the CK specialty drink mix business have been shown as discontinued operations for the three

months ended March 31, 2025.

all balances and activity related to the CK specialty drink mix business have been shown as discontinued operations for the six months

ended June 30, 2025.

On September 23, 2025, the Company incorporated GDS Lumina, Inc.

(“GDS”) under the laws of the

state of Wyoming to pursue digital marketing, our current operations.

(“GDS”) under the laws of the state

of Wyoming to pursue digital marketing, our current operations.

Going Concern

At March 31, 2026, we had $15,903 in total assets, all current,

At June 30, 2026, we had $10,681 in total assets, all current,

$41,367 in current liabilities and a $2,058,549 accumulated deficit.

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Results of Operations

For the Three Months Ended March 31, 2026 and 2025

For the Three Months Ended June 30, 2026 and 2025

We recognized $27,900 and $18,500 in revenues during the three

months ended March 31, 2026 and 2025, respectively, from providing digital marketing services.

months ended June 30, 2026 and 2025, respectively, from providing digital marketing services.

Operating Expenses

Operating expenses were $36,225 during the three months ended

March 31, 2026, compared to $9,659 during the three months ended March 31, 2025.

Operating expenses consisted of $17,831 and $0 in contract

labor related to the delivery of digital marketing services, $8,569 and $9,589 in professional fees and $2,398 and $70 in general and

administrative expenses during the three months ended March 31, 2026 and 2025, respectively.

Increases in contract labor and general and

administrative expenses are mainly related to the Company’s discontinuation of the specialty beverage distribution business and

entry into the digital marketing business during 2025.

June 30, 2026, compared to $11,765 during the three months ended June 30, 2025.

Operating expenses consisted of $17,876 and $4,400 in

operating expenses such as contract labor related to the delivery of digital marketing services, $16,129 and $3,148 in professional fees

and $2,220 and $4,217 in general and administrative expenses during the three months ended June 30, 2026 and 2025, respectively.

in operating expenses and professional fees are mainly related to the Company’s discontinuation of the specialty beverage distribution

business and entry into the digital marketing business during the second quarter of 2025.

Other Expenses

Total other expenses were $1,059 of interest expense during

the three months ended March 31, 2026.

There were no other expenses during the three months ended March 31, 2025.

Total other expenses consisted of $1,069 and $2,127 of interest

expenses and $0 and $7,999 in losses from disposal of subsidiary during the three months ended June 30, 2026 and 2025, respectively.

Net Loss from Continuing Operations

As a result of the above, we recognized net loss of $9,394 and $3,391 for the three

months ended March 31, 2026 and 2025, respectively.

months ended June 30, 2026 and 2025, respectively.

Net Loss from Discontinued Operations

Net loss from discontinued operations related to the specialty beverage distribution

business totaled $0 and $33,637 for the three months ended June 30, 2026 and 2025, respectively.

As a result of the above, we recognized net losses of $9,394 and $37,028 for the

three months ended June 30, 2026 and 2025, respectively.

For the Six months Ended June 30, 2026 and 2025

We recognized $55,800 and $18,500 in revenues during the six months ended June

30, 2026 and 2025, respectively, from providing digital marketing services.

Operating Expenses

Operating expenses were $65,023 during the six months ended

June 30, 2026, compared to $21,424 during the six months ended June 30, 2025.

Operating expenses consisted of $35,707 and $4,400 in operating

expenses such as contract labor related to the delivery of digital marketing services, $24,698 and $12,737 in professional fees and $4,618

and $4,287 in general and administrative expenses during the six months ended June 30, 2026 and 2025, respectively.

Increases in all categories

are mainly related to the Company’s discontinuation of the specialty beverage distribution business and entry into the digital marketing

business during the second quarter of 2025.

Other Expenses

Total other expenses consisted of $2,128 and $2,127 of interest

expenses and $0 and $7,999 in losses from disposal of subsidiary during the six months ended June 30, 2026 and 2025, respectively.

Net Loss from Continuing Operations

As a result of the above, we recognized net loss of $11,351

and $13,050 for the six months ended June 30, 2026 and 2025, respectively.

Net Loss from Discontinued Operations

Net loss from discontinued operations related to the specialty

beverage distribution business totaled $0 and $27,302 for the three months ended March 31, 2026 and 2025, respectively.

beverage distribution business totaled $0 and $60,939 for the six months ended June 30, 2026 and 2025, respectively.

As a result of the above, we recognized net losses of $11,351 and $73,989 for the

three months ended March 31, 2026 and 2025, respectively.

six months ended June 30, 2026 and 2025, respectively.

Liquidity and Capital Resources of the Company

Total and Current Assets

Total assets were $15,903 and $10,127 at March 31, 2026 and

Total assets were $10,681 and $10,127 at June 30, 2026 and

December 31, 2025, respectively, all current.

3 unchanged sentences

Total Liabilities

Total liabilities were $172,679 and $164,946 at March 31,

Total liabilities were $176,851 and $164,946 at June 30, 2026

and December 31, 2025, respectively.

Total liabilities consists of current liabilities of $37,195 and $50,462 and non-current liabilities

of $135,484 and $114,484 at March 31, 2026 and December 31, 2025, respectively.

Total liabilities consist of current liabilities of $29,367 and $50,462 and non-current liabilities

of $147,484 and $114,484 at June 30, 2026 and December 31, 2025, respectively.

Current Liabilities

Current liabilities totaled $26,367 and $50,462 as of as of

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

June 30, 2026 and December 31, 2025, respectively.

Current liabilities consisted of accounts payable and accrued expenses totaling $9,886

2 unchanged sentences

Non-current liabilities totaled $147,484 and $114,484 as of

as of March 31, 2026 and December 31, 2025, respectively.

as of June 30, 2026 and December 31, 2025, respectively.

Non-current liabilities consisted of a notes payable of $114,484 and $114,400,

1 unchanged sentence

Net Cash Used in Operating Activities

During the three months ended March 31, 2026, our operating

activities used net cash of $11,549.

Uses of cash during the three months ended March 31, 2026 are mainly due to a $13,267 decrease in

accounts payable and accrued expenses, a $5,625 increase in prepaid assets and the $1,957 in net loss, partially offset by a $9,300 decrease

in accounts payable.

During the three months ended March 31, 2025, our operating

activities used net cash of $29,095.

Uses of cash during the three months ended March 31, 2025 are mainly due to the $36,961 net loss

as well as a $7,500 increase in prepaid assets.

Uses are partially offset by a $9,403 increase in accounts payable and accrued expenses

and net changes of $5,963 in discontinued lease assets and liabilities.

During the six months ended June 30, 2026, our operating activities

used net cash of $26,896.

Uses of cash during the six months ended June 30, 2026 are mainly due to a $21,095 decrease in accounts payable

and accrued expenses, a $3,750 increase in prepaid assets and the $13,351 in net loss, partially offset by a $9,300 decrease in accounts

During the six months ended June 30, 2025, our operating activities

used net cash of $62,285.

Uses of cash during the six months ended June 30, 2025 are mainly due to the $73,989 net loss as well as a $3,880

increase in prepaid assets and $18,500 increase in accounts receivable.

Uses are partially offset by a $14,458 increase in accounts payable

and accrued expenses and net changes of $11,627 in discontinued lease assets and liabilities.

Net Cash Provided by Financing Activities

During the three months ended March 31, 2026 and 2025, we

received $21,000 and $29,000 from notes payable from related parties, respectively.

At March 31, 2026 and December 31, 2025, we had a working

capital deficit of $21,292 and $40,335, respectively.

During the six months ended June 30, 2026 and 2025, we received

$33,000 and $56,481 from notes payable from related parties and $0 and $6,000 in cash from the sale of common stock, respectively.

At June 30, 2026 and December 31, 2025, we had a working capital

deficit of $18,686 and $40,335, respectively.

Off-Balance Sheet Arrangements

We had no off-balance sheet arrangements of any kind for the

three months ended March 31, 2026 or 2025.

six months ended June 30, 2026 or 2025.

Critical Accounting Policies

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Accounts Receivable

Trade accounts receivable are recorded

at invoiced amounts.

Trade accounts receivable are recorded at invoiced amounts.

Fast Casual does not provide any unusual contractual trade terms, sales incentive programs or discounts.

for doubtful accounts are established for estimated losses resulting from the inability of customers to make required payments.

are determined based on a review of specific customer accounts where collection is doubtful, as well as an assessment of the collectability

of total receivables.

Allowances for doubtful accounts

are established for estimated losses resulting from the inability of customers to make required payments.

Allowances are determined based

on a review of specific customer accounts where collection is doubtful, as well as an assessment of the collectability of total receivables.

Receivables are written off against the allowance when it is determined that the amounts will not be recovered.

Revenue Recognition

We recognize revenue in accordance with

the provisions of Financial Accounting Standards Board (“FASB”) Accounting Series Codification (“ASC”) 606, Revenue

From Contracts With Customers (“ASC 606”), which provides guidance on the recognition, presentation, and disclosure of revenue

in financial statements.

ASC 606 outlines the basic criteria that must be met to recognize revenue and provides guidance for disclosure

related to revenue recognition policies.

Accordingly, we recognize revenue based on the allocation of the transaction price to each performance

obligation as each performance obligation in a contract is satisfied.

We generated revenue from continuing operations from the sale of

digital marketing services during the three months endedMarch 31, 2026.

Operating lease liabilities represented

the present value of lease payments not yet paid.

Operating lease assets represented rights to use an underlying asset and are based upon

the operating lease liabilities adjusted for prepayments or accrued lease payments, initial direct costs, lease incentives, and impairment

of operating lease assets.

To determine the present value of lease payments not yet paid, incremental borrowing rates corresponding to

the reasonably certain lease term were estimated.

If the estimate of our incremental borrowing rate was changed, operating lease assets

and liabilities could differ materially.

We recognize revenue in accordance with the provisions of

Financial Accounting Standards Board (“FASB”) Accounting Series Codification (“ASC”) 606, Revenue From Contracts

With Customers (“ASC 606”), which provides guidance on the recognition, presentation, and disclosure of revenue in financial

ASC 606 outlines the basic criteria that must be met to recognize revenue and provides guidance for disclosure related to

revenue recognition policies.

Accordingly, we recognize revenue based on the allocation of the transaction price to each performance obligation

as each performance obligation in a contract is satisfied.

We generated revenue from continuing operations from the sale of digital marketing

services during the six months ended June 30, 2026.

Operating lease liabilities represented the present value

of lease payments not yet paid.

Operating lease assets represented rights to use an underlying asset and are based upon the operating

lease liabilities adjusted for prepayments or accrued lease payments, initial direct costs, lease incentives, and impairment of operating

lease assets.

To determine the present value of lease payments not yet paid, incremental borrowing rates corresponding to the reasonably

certain lease term were estimated.

If the estimate of our incremental borrowing rate was changed, operating lease assets and liabilities

could differ materially.

Stock Based Compensation

We record stock-based compensation using

the fair value method.

Equity instruments issued to employees and the cost of the services received as consideration are measured and

recognized based on the fair value of the equity instruments issued.

All transactions with non-employees in which goods or services are

the consideration received for the issuance of equity instruments are accounted for based on the fair value of the consideration received

or the fair value of the equity instrument issued, whichever is more reliably measurable.

We account for income taxes under the

asset and liability method, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences

of events that have been included in the financial statements.

Under this method, deferred tax assets and liabilities are determined based

on the differences between the financial statements and tax basis of assets and liabilities using enacted tax rates in effect for the

year in which the differences are expected to reverse.

Valuation allowances are established when necessary to reduce deferred tax assets

to the amount expected to be realized.

We record stock-based compensation using the fair value method.

Equity instruments issued to employees and the cost of the services received as consideration are measured and recognized based on the

fair value of the equity instruments issued.

All transactions with non-employees in which goods or services are the consideration received

for the issuance of equity instruments are accounted for based on the fair value of the consideration received or the fair value of the

equity instrument issued, whichever is more reliably measurable.

We account for income taxes under the asset and liability

method, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that

have been included in the financial statements.

Under this method, deferred tax assets and liabilities are determined based on the differences

between the financial statements and tax basis of assets and liabilities using enacted tax rates in effect for the year in which the differences

are expected to reverse.

Valuation allowances are established when necessary to reduce deferred tax assets to the amount expected to be

Quantitative and Qualitative Disclosures about

As a "smaller reporting company” as defined

by Item 10 of Regulation S-K, we are not required to provide information required by this Item.

As a "smaller reporting company” as defined by

Item 10 of Regulation S-K, we are not required to provide information required by this Item.

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 2. Management’s Discussion and Analysis