What changed in this filing

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Item 2. Management’s Discussion and Analysis

2026-05-12 compared with 2025-10-20 · 71 added, 229 removed, 86 unchanged (78% of the section changed)

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discussion and analysis (“MD&A”) should be read in conjunction with financial statements of Invech Holdings, Inc.

the three months ended September 30, 2025, and 2024, and the notes thereto.

the three months ended March 31, 2026, and 2025, and the notes thereto.

Safe Harbor for Forward-Looking

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Invech Holdings, Inc.

was incorporated under the laws of the State of Nevada on December 17, 1998, as Explore Technologies, Inc.

In 1996, the Company filed a Form D under Rule

504 (b)(1)(iii) in 2013 and subsequently filed Form 10SB to register its common stock in 2002.

The company became delinquent in its financials

reporting in 2005 and filed a Form 15-12G in 2006 to terminate their registration.

The Company filed an S-1 registration on January 31,

The company was a natural resource company engaged

in the acquisition, exploration and development of mineral properties.

On May 17, 2002, the Company filed an amendment to its Articles

of Incorporation and changed its name to Pan Asia Communications Corp.

On March 18, 2003, the Company changed its name

to Hubei Pharmaceutical Group, Ltd., and to Amersin Life Sciences Corporation on January 6, 2005.

On March 22, 2007, the Company changed

its name to Golden Tech Group, Ltd and to MegaWin Investments, Inc.

on February 21, 2018.

Finally, the Company changed its name to Invech

Holdings, Inc.

on July 19, 2018.

The Company entered into a merger agreement on

May 23, 2000, with Cashsurfers, Inc., an Internet based technology business.

The Company was obligated

to raise in excess of $2,500,000 by the private placement of the Company's common stock as a condition of completion of the merger.

proceeds of the private placement would be used to fund the operation and development of the Cashsurfers business.

On July 24, 2000,

the agreement was terminated because the Company was unable to raise sufficient capital required under the merger agreement and was unable

to make payment to Cashsurfers under the terms of the agreement.

As a result of the merger and subsequent termination was dilution of

stock ownership percentage for our existing shareholders, increased debt, and loss of our business model.

On October 5, 2000, the Company entered into an

Acquisition Agreement with UWANTCASH.com, Inc.

whereby the Company acquired 100% of the issued and outstanding common and preferred shares

of UWANTCASH.com, Inc.

in exchange for five million shares of common stock in IVHI.

The acquisition agreement was terminated on December

The Company has no operations at that time.

As a result of the termination of a second merger within a six-month period, our

stock was further diluted, and our debt increased because we had no operations.

In 2001 the Company effected a 1 for 10 reverse

stock split and on May 15, 2002, the Company entered into an agreement to acquire the Access Network Limited subsidiary of VOIP Telecom,

Inc., in exchange for the issuance of 8,000,000 shares to shareholders and owners of Access stock and an additional 4,000,000 shares to

to extinguish a debt due by Access to Keppel.

In addition, IVHI issued 2,00,000 shares as a finder’s fee.

Shortly after,

the Company completed a rescission agreement whereby the acquisition was cancelled.

All company shares issued for debt settlements were

On March 17, 2003, the Company acquired

the majority interest in Hubei Pharmaceutical Co.

The Company issued 22,000,000 common shares resulting in a change in control.

On September 10 th , 2004, the Company

entered into material agreement, to sell its 57.14% controlling interest in the Hubei Pharmaceutical Co.

At that time the Company

was engaged in the acquisition and vertical integration of operating subsidiaries and controlling joint venture interests in China to

include all facets of pharmaceutical life sciences from raw materials through dosage form production and distribution.

In October 2005,

the Company terminated its participation in the Hubei Tongji Benda Ebei Pharmaceutical Co.

joint venture in Hubei Province, China.

As a result of the termination of the merger, our stock was further diluted, and our debt increased because we had no operations.

Due to multiple mergers and termination of those

mergers, have historically generated negative cash flow and losses from operations and could experience negative cash flow and losses

from operations in the future.

As a result of multiple mergers and termination of such mergers, the Company has accumulated liabilities

and has not generated any revenue.

In the past, the Company filed Form S-8s to register stock for issuance in lieu of cash payment to

employees and consultants.

In addition, the Company raised money with convertible debentures.

As a result, our shareholders have been

diluted, and our stock price has been volatile, and the future of our business and continued operations are uncertain.

Business operations for Invech Holdings, Inc.

were abandoned in 2007 and its Nevada registration was revoked.

A custodianship action, as described in the subsequent paragraph, was

commenced in 2017.

was incorporated under the laws of the State of Nevada on December 17, 1998.

On October 17, 2017, the Eighth Judicial District

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At this time, the Custodian appointed Rhonda Keaveney as sole officer and director.

January 2018, the Custodian appointed Robert Chin

as sole officer and director.

Compliance, LLC is controlled by Rhonda Keaveney, its sole member.

SCC was compensated for its role as custodian

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The custodianship was terminated on April 18, 2018.

Small Cap Compliance, LLC is controlled by Rhonda

Keaveney, its sole member.

On May 24, 2020, Queen Investment (HK) Ltd.

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monies loaned to the Company up until, and through, this date.

During the nine months ended September 30, 2025,

SCC advanced the Company $50,447 to pay for general operating expenses.

The advance is non-interest bearing and due on demand.

On September 11, 2025 Robert Chin, former officer

and director, signed a Cancellation of Debt Agreement to cancel $4,443 and any accrued interest incurred.

On February 17, 2026, the Company’s majority

shareholder, Small Cap Compliance, LLC entered into a Stock Purchase Agreement with Alexander M.

As per the terms of the Agreement,

Small Cap Compliance, LLC sold its control block of stock (300,000 shares of Convertible Series A Preferred Stock and 90,000,000 shares

of restricted Common Stock) for the purchase price of $350,000.

That same day the Company accepted the resignation of Rhonda Keaveney

as the sole officer of the Company and as the sole member of the Company’s Board of Directors and appointed Alexander M.

as the sole officer and director of the Company, resulting in a change of control of the company.

Our Present Business

IVHI is company in the public company compliance

We specialize in drafting regulatory documents and consulting for public companies.

Our services include FINRA corporate filings,

drafting incorporation and corporate documents, drafting OTC Markets Disclosure Statements, and general public company compliance.

acts as an outside consulting firm for these services.

We provide the following services to small cap

public companies.

FINRA Corporate Actions:

Reverse stock splits

Symbol change

Domicile change

SEC Reporting

Edgar filings including 10-Q, 10-K, 8-K

Form 10 and S-1

SEC comment letters

Disclosure Statements

Legal opinions

Caveat Emptor removal

Drafting financials

Uplisting to OTCQB and Nasdaq

Incorporating Companies

Formation of new companies

File annual reports

File amendments

Internal Compliance

Drafting board minutes

Drafting by-laws

Drafting Articles of Incorporation

Drafting M & A and divestiture documents

In applying the foregoing criteria, management

will attempt to analyze all factors and circumstances and make a determination based upon reasonable investigative measures and available

Due to our limited capital available for investigation, we may not discover or adequately evaluate adverse facts about the opportunity

to be acquired.

Additionally, we will be competing against other entities that may have greater financial, technical, and managerial capabilities

for identifying and expanding our business.

We anticipate that new business opportunities

will be made available to us through personal contacts of our directors, officers and principal stockholders, professional advisors, broker-dealers,

venture capitalists, members of the financial community and others who may present unsolicited proposals.

In certain cases, we may agree

to pay a finder’s fee or to otherwise compensate the persons who introduce the Company to business opportunities in which we participate.

We expect that our due diligence will encompass,

among other things, meetings with incumbent management of the target business and inspection of its facilities, as necessary, as well

as a review of financial and other information, which is made available to the Company.

This due diligence review will be conducted either

by our management or by third parties we may engage.

We anticipate that we may rely on the issuance of our common stock in lieu of cash

payments for services or expenses related to any analysis.

We may incur time and costs required to select

and evaluate our business structure and expand our business, which cannot presently be determined with any degree of certainty.

incurred with respect to the indemnification and evaluation of a prospective business that is not ultimately completed may result in a

loss to the Company.

These fees may include legal costs, accounting costs, finder’s fees, consultant’s fees and other related

We have no present arrangements for any of these types of fees.

We anticipate that the investigation of specific

business opportunities and the negotiation, drafting and execution of relevant agreements, disclosure documents and other instruments

will require substantial management time and attention and substantial cost for accountants, attorneys, consultants, and others.

may be incurred in the investigation process, which may not be recoverable.

Furthermore, even if an agreement is reached for the participation

in a specific business opportunity, the failure to consummate that transaction may result in a loss to the Company of the related costs

On September 10, 2023, IVHI executed a Consulting

Service Agreement (“Agreement”) with Invech Consulting Corporation (“ICC’) whereby ICC will market IVHI to prospective

clients and draft the documents for public company compliance in exchange for 1,000,000 shares of the Company’s restricted common

These shares have not been issued as of this filing.

Our company is competing with other companies

and consultants in the microcap public company compliance industry, our competition includes larger firms and sole consulting persons

that specialize in compliance.

In addition, it will be difficult to get into some public companies as they have counsel on retainer to

draft documents relating to compliance.

We will compete in markets where more established companies, with larger budgets and more staff,

can offer more services.

We expect that the quantity and composition of our competitive environment will continue to evolve as the industry

Additionally, increased competition is possible to the extent that new companies enter the marketplace as a result of continued

expansion into new geographies.

We believe that diligently establishing and expanding our business on new platforms such as Instagram

and Facebook will establish us in this industry.

Additionally, we expect that establishing our service offerings on new platforms are

factors that mitigate the risk associated with operating in a developing competitive environment.

Additionally, the contemporaneous growth

of the industry as a whole will result in new competitors entering the marketplace.

We are competing in the microcap public company

compliance industry;

growth will be accomplished through the advertising, email campaigns, and referrals from current clients.

Achieving this growth will increase development

costs and the cost of our services.

In turn, we may not be able to meet the competitive price point dictated by the market and our competitors.

Again, these are forward looking statements and

not an indication of past performance.

There is no guarantee that we will profit from our current business model and have no merger candidates

as of the time of this filing.

Revenue Generation

We generate revenue by preparing compliance documents

for public companies.

Revenues are generated through the preparation of SEC regulation documents such as S-1 filings, Form 10 filings,

and 8-K filings, FINRA Corporate Action filings and OTC Markets filings.

Our company is headquartered in Scottsdale, Arizona,

where our executive, administrative and operational management are based.

To date, the Company has begun implementing its business plan

and is attempting to secure additional funding to continue expansion of our services and products.

The Company has not had any significant

revenues generated from its business operations since inception.

Until the Company is able to generate any consistent and significant

revenue, it may be required to raise additional funds by way of equity or debt financing.

Microcap public company compliance is increasingly

important and expanding after amendments to Rule 15c2-11.

The amendments were adopted to enhance investor protection by requiring that

microcap public companies, specifically pink sheet companies listed on OTC Markets, to become more transparent via expanded regulatory

Invech Holdings, Inc.

is now a holding company

specializing in SaaS software development, corporate filings, and building businesses around developed platforms.

The Company is addressing

significant inefficiencies within the current rental market through its acquired SaaS platform, www.paragonrentals.ai, which was acquired

on March 3, 2026 for a $450,000 convertible promissory note.

Our corporate headquarters is located at 1603

Capitol Ave, Suite 413 PMB 1777, Cheyenne, WY 82001.

Our telephone number is (302) 553-5205.

www.paragonrentals.ai is Real Estate Rental

property management Marketplace Platform that is a type of SaaS platform.

The platform use case is intended for the B2B and B2C markets.

Whereas the platform allows the seller

- Create a property profile

- list properties

- converse with renters

- view data and export data from properties performance

- view and export property accounting/income

- manage the booking calendar Block off dates

- subscribe for a 0% commission to platform

- Set and manage fees for the listed properties

- request payment

- accept crypto payments

- accept fiat payments

- Create a property profile

- low industry fee of $5 + card processing

fees + tax if any

- view properties

- contact sellers

- view renting history data

- request customer support

- pay by PayPal

- pay by credit processor

- pay by crypto processor

Results of Operations

The financial statements

appearing elsewhere in this report have been prepared assuming the Company will continue as a going concern.

The Company was recently

formed and has not established sufficient operations or revenues to sustain the Company.

These conditions raise substantial doubt about

the Company’s ability to continue as a going concern.

To date, the Company

has relied on debt and equity raised in private offerings and shareholder loans to finance operations and no other sources of capital

has been identified.

If we experience a shortfall in operating capital, we could be faced with having to limit our research and development

Results of Operations

for the Nine Months Ended September 30, 2025, and 2024

nine months ended September 30, 2025, and 2024, the Company had not generated any revenues.

for the Three Months Ended March 31, 2026, and 2025

Operating Expenses

Operating expenses for

the three months ended September 30, 2025, were $9,077 compared to $5,647 for the three months ended September 30, 2024, an increase of

Operating expenses increased

in 2025 due to a decrease in professional fees and other general and administrative fees incurred for this period.

For the nine months ended

September 30, 2025, the Company had a net loss of $47,957 compared to the nine months ended September 30, 2024, of a net loss of $51,423.

General and administrative

expenses for the three months ended March 31, 2026, were $66,773 compared to $28,813 for the three months ended March 31, 2025, an increase

of $37,960 or 131.7%.

In the current period the Company issued shares of common stock for total non-cash expense of $52,632.

This increase

in expense was offset by a decrease in public company related fees of $20,210.

Professional fees for

the three months ended March 31, 2026, were $52,540 compared to $2,564 for the three months ended March 31, 2025, an increase of $49,976.

The increase in the current period is due to an increase in legal fees, including non-cash expense for the granting of common stock of

For the three months

ended March 31, 2026, the Company had a net loss of $119,313 compared to the three months ended March 31, 2025, of a net loss of $31,377.

The increase of net loss is due to the reasons discussed above.

The net loss resulted

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Liquidity and Capital

As of September

31 , 2026, we had $100 in cash and a working capital deficit of $440,227.

Operating Activities

For nine months ended

September 30, 2025, we used net cash of $50,447 in operating activities as compared to $54,573 for the nine months ended September 30,

For three months

ended March 31, 2026, we used net cash of $39,500 in operating activities as compared to $33,867 for the three months ended March

Investing Activities

No investing activities

occurred during the three months ended September 30, 2025, and 2024.

occurred during the three months ended March 31, 2026, and 2025.

Financing Activities

During the nine months

ended September 30, 2025, the Company received advances of $50,447 from a related party for working capital purposes.

During the nine

months ended September 30, 2024, the Company received advances of $47,573 from a related party for working capital purposes.

During the three months

ended March 31, 2026, the Company received advances of $39,600 from a related party for working capital purposes compared to $33,867 received

in the prior period.

Off-Balance Sheet

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Critical Accounting

Our discussion and analysis

of results of operations and financial condition are based upon our condensed consolidated financial statements, which have been prepared

in accordance with accounting principles generally accepted in the United States of America.

The preparation of these condensed consolidated

financial statements requires us to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and

expenses, and related disclosure of contingent assets and liabilities.

We evaluate our estimates on an ongoing basis, including those

related to provisions for uncollectible accounts receivable, inventories, valuation of intangible assets and contingencies and litigation.

We base our estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances,

the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent

from other sources.

Actual results may differ from these estimates under different assumptions or conditions.

The accounting policies

that we follow are set forth in Note 2 to our financial statements as included in the SEC report filed.

These accounting policies conform

to accounting principles generally accepted in the United States and have been consistently applied in the preparation of the financial

The preparation of our

financial statements requires management to make estimates and judgments that affect the reported amounts of assets, liabilities, and

The following accounting policies are considered critical because they involve significant judgment, estimates, or assumptions

that could materially affect our financial statements.

The accounting for intangible assets and the potential impairment of those assets

and stock based compensation.

Refer to Note 2 for a more detailed discussion.

Quantitative and Qualitative Disclosures

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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