9 unchanged sentences
The management’s discussion and analysis of our financial condition and results of operations are based upon our consolidated unaudited financial statements, which have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”).
−Removed: The following discussion of our financial condition and results of operations should be read in conjunction with the notes to the consolidated unaudited financial statements appearing elsewhere in this Report and the Company’s audited financial statements for the fiscal year ended March 31, 2025, as filed with the SEC in its Annual Report on Form 10-K on July 16, 2025, and its Amendment No.
−Removed: 1 on Form 10-K/A on August 14, 2025, along with the accompanying notes.
+Added: The following discussion of our financial condition and results of operations should be read in conjunction with the notes to the consolidated unaudited financial statements appearing elsewhere in this Report and the Company’s audited financial statements for the fiscal year ended March 31, 2025 included in our Amendment No.
+Added: 2 to our Annual Report on Form 10-K, as filed with the Securities and Exchange Commission (the “SEC”) on August 25, 2025 , along with the accompanying notes.
As used in this Quarterly Report, the terms “we,” “us,” “our” and the “Company” means Groove Botanicals, Inc.
9 unchanged sentences
Results of Operations
−Removed: Three Months Ended September 30, 2025, and September 30, 2024
+Added: Three Months Ended December 31, 2025, and December 31, 2024
We have not generated any revenue since our inception and do not expect to generate any revenue from the sale of products in the near future.
−Removed: We reported a net loss attributable to common stockholders of $87,001 in the three months ending September 30, 2025 as compared to a loss of $84,451 in the three months ended September 30, 2024, including accrued dividends on our Series A and B Preferred stock of $54,618 in each of the three months ended September 30, 2025 and 2024, respectively.
+Added: We reported a net loss attributable to common stockholders of $88,485 in the three months ending December 31, 2025 as compared to a loss of $87,649 in the three months ended December 31, 2024, including accrued dividends on our Series A and B Preferred stock of $54,618 in each of the three months ended December 31, 2025 and 2024, respectively.
Three Months ended
−Removed: September 30,
Operating expenses:
8 unchanged sentences
Operating Expenses
−Removed: Total operating expenses for the three months ending September 30, 2025 of $32,383 were increased by approximately 8% as compared to the total operating expenses recorded for the three months ended September 30, 2024 of $29,833.
−Removed: General and administrative expenses decreased from $18,332 (2024) to $16,518 (2025) mainly due to a decrease in transfer agent fees and a decrease in operational overhead.
−Removed: The decrease to general and administrative fees was offset by an increase in professional and accounting fees of 45% from $7,410 (2024) to $10,765 (2025), and was predominantly the result of an increase to filing fees from $2,935 (2024) to $6,484 (2025) as the Company refiled some of its prior SEC filings during the current three-month period.
−Removed: Rent expense remained constant period over period and consulting fees increased slightly from $500 (2024) to $1,500 (2025).
+Added: Total operating expenses for the three months ending December 31, 2025 of $33,867 increased slightly as compared to the total operating expenses recorded for the three months ended December 31, 2024 of $33,031.
+Added: The slight increase in operating expenses for the three months ended December 31, 2025 was mainly due to an increase in consulting fees of $5,750 offset by a decrease in legal and professional expenses of $3,700 due to a decrease in audit fees and filing fees and a decrease in general expenses in the period ended December 31, 2025.
Dividends on Preferred Stock
−Removed: Dividends on Preferred Stock for the three-month period ended September 30, 2025, and 2024 remained constant, at $54,618 for each period.
+Added: Dividends on Preferred Stock for the three-month period ended December 31, 2025, and 2024 remained constant, at $54,618 for each period.
These dividends on preferred stock are required subject to the designation of the preferred stock and contribute to the net loss attributable to our common stockholders.
−Removed: Six Months Ended September 30, 2025, and September 30, 2024
+Added: Nine Months Ended December 31, 2025, and December 31, 2024
We have not generated any revenue since our inception and do not expect to generate any revenue from the sale of products in the near future.
−Removed: We reported a net loss attributable to common stockholders of $179,788 in six months ending September 30, 2025, as compared to a loss of $175,607 in the six months ended September 30, 2024, which includes accrued dividends on our Series A and B Preferred stock of $109,235 in each of the six months ended September 30, 2025 and 2024, respectively.
−Removed: Six Months ended
−Removed: September 30,
+Added: We reported a net loss attributable to common stockholders of $268,272 in nine months ending December 31, 2025, as compared to a loss of $263,258 in the six months ended December 31, 2024, which includes accrued dividends on our Series A and B Preferred stock of $163,852 in the nine months ended December 31, 2025 and $163,854 in the nine months ended December 31, 2024.
+Added: N ine Months ended
Operating expenses:
8 unchanged sentences
Operating Expenses
−Removed: Total operating expenses for the six months ended September 30, 2025of $70,553 increased by approximately 6% as compared to the total operating expenses recorded for the six months ended September 30, 2024 of $66,372.
−Removed: General and administrative expenses remained constant at $34,931 (2024) and $35,483 (2025).
−Removed: Legal and professional expenses increased in the comparative six month periods by 20% from $21,956 (2024) to $26,370 (2025), mainly due to an increase in filing fees from $2,935 (2024) to $6,484 (2025) as the Company refiled some of its prior SEC filings during the current six month period.
+Added: Total operating expenses for the nine months ended December 31, 2025 of $104,420 increased by approximately 5% as compared to the total operating expenses recorded for the nine months ending December 31, 2024 of $99,404.
+Added: General and administrative expenses remained relatively constant at $52,187 (2024) and $51,523 (2025).
+Added: Legal and professional expenses also remained relatively constant at $34,232 (2024) and $34,847 (2025)...
Rent expense reflected a small decrease of $1,035 or 12% from 2024 to 2025.
−Removed: Consulting fees increased slightly from $1,250 (2024) to $1,500 (2025) in the comparative three-month periods.
+Added: Consulting fees increased by $6,000 from $1,250 (2024) to $7,250 (2025) mainly due to the Company executing a social media contract under which it made payments of $5,000 during the nine months ended December 31, 2025 with no comparable expense in the nine months ended December 31, 2024.
Dividends on Preferred Stock
−Removed: Dividends on Preferred Stock for the six-month periods ended September 30, 2025 and 2024 remained constant, at $109,235 for each period.
+Added: Dividends on Preferred Stock for the nine-month periods ended December 31, 2025 and 2024 remained constant, at $163,854 (2024) and $163,852 (2025) for each period.
These dividends on preferred stock are required subject to the designation of the preferred stock and contribute to the net loss attributable to our common stockholders.
Operating Activities
−Removed: For the Six Months Ended
−Removed: September 30,
+Added: For the Nine Months Ended
Net Cash Used in Operating Activities
3 unchanged sentences
Cash at End of Period
−Removed: Net cash used by operating activities was $55,674 for the six months ended September 30, 2025, compared to $63,468 for the six months ended September 30, 2024.
−Removed: Net cash used in operating activities for the six months ending September 30, 2025, was primarily the result of a net loss of $70,553, offset by non-cash items including accrued payroll of $24,000, and changes in working capital related to an increase in prepaid expenses of $4,194 and a decrease in accounts payable and accrued liabilities of $4,927.
−Removed: Net cash used in operating activities for the six months ending September 30, 2024, was primarily the result of a net loss of $66,372 offset by non-cash items including accrued payroll of $24,000, and changes in working capital related to an increase in prepaid expenses of $4,538 and a decrease to accounts payable and accrued liabilities of $16,558.
+Added: Net cash used by operating activities was $75,675 for the nine months ended December 31, 2025, compared to $89,329 for the nine months ended December 31, 2024.
+Added: Net cash used in operating activities for the nine months ending December 31, 2025, was primarily the result of a net loss of $104,420, offset by non-cash items including accrued payroll of $36,000, and changes in working capital related to an increase in prepaid expenses of $2,288 and a decrease in accounts payable and accrued liabilities of $4,967.
+Added: Net cash used in operating activities for the nine months ended December 31, 2024, was primarily the result of a net loss of $99,404, offset by non-cash items including accrued payroll of $36,000, an increase in prepaid expenses of $3,028 and a decrease in accounts payable and accrued liabilities of $22,897.
Investing Activities
−Removed: There was no investing activity during each of the six months ended September 30, 2025 and 2024.
+Added: There was no investing activity during each of the nine months ended December 31, 2025 and 2024.
Financing Activities
−Removed: Net cash provided by financing activities was $55,124 for the six months ended September 30, 2025, compared to $67,913 for the six months ended September 30, 2024 all of which related to advances from a related party in the form of unsecured advances.
+Added: Net cash provided by financing activities was $75,127 for the nine months ended December 31, 2025 which relates to advances from a replated party of $79,319 in the form of unsecured advances and repayments to a related party of $4,192, compared to advances of $88,892 from a related party with no repayments recorded for the nine months ended December 31, 2024.
+Added: Advances from the related party are all unsecured with no specific terms of repayment.
Liquidity and Capital Resources
We are in need of additional cash resources to maintain our operations.
−Removed: As of September 30, 2025, we had cash of $1,492 and prepaid expenses of $6,672.
+Added: As of December 31, 2025, we had cash of $1,494 and prepaid expenses of $4,766.
We are in the early stage of development and have experienced net losses to date and have not generated revenue from operations, which raises substantial doubt about our ability to continue as a going concern.
10 unchanged sentences
As shown in the consolidated financial statements, the Company has incurred recurring net losses since its inception and has raised limited capital.
−Removed: The Company had a net loss of $70,553 and $66,372 for the six months ended September 30, 2025, and September 30, 2024, respectively.
−Removed: The Company’s accumulated deficit was $35,376,369 and $35,196,581 as of June 30, 2025, and March 31, 2025, respectively.
+Added: The Company had a net loss of $104,420 and $99,404 for the nine months ended December 31, 2025, and December 31, 2024, respectively.
+Added: The Company’s accumulated deficit was $35,464,854 and $35,196,581 as of December 31, 2025, and March 31, 2025, respectively.
These factors raise substantial doubt regarding the Company’s ability to continue as a going concern.
24 unchanged sentences
The adoption of this ASU had no impact on reportable segments identified and had no effect on the Company’s financial position, results of operations, or cash flows.
−Removed: Recent Accounting Standard Not Yet Adopted:
In December 2023, the Financial Accounting Standards Board issued Accounting Standards Update (“ASU”) 2023-09 – Improvements to Income Tax Disclosures, which enhances the transparency and decision usefulness of income tax disclosures.
1 unchanged sentence
Early adoption is available.
−Removed: The Company is still evaluating the full extent of the potential impact of the adoption of ASU 2023-09, but believes it will not have a material impact on its financial statements and disclosures.
+Added: The Company adopted ASU 2023-09 for the year beginning April 1, 2025.
+Added: The adoption of this ASU had no impact on the Company’s financial position, results of operations, or cash flows.
+Added: Recent Accounting Standard Not Yet Adopted:
In November 2024, the FASB issued ASU 2024-03, – Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40):
8 unchanged sentences
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.