What changed in this filing

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Item 9A. Controls and Procedures

2026-03-26 compared with 2025-03-27 · 756 added, 526 removed, 798 unchanged (62% of the section changed)

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Evaluation of Disclosure Controls and Procedures

Disclosure controls and procedures

are controls and other procedures that are designed to ensure that information required to be disclosed in our reports filed or submitted

under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and

Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required

to be disclosed in our reports filed or submitted under the Exchange Act is accumulated and communicated to our management, including

our Chief Executive Officer and Chief Financial Officer, to allow timely decisions regarding required disclosure.

As required by Rules 13a-15

and 15d-15 under the Exchange Act, our Chief Executive Officer and Chief Financial Officer carried out an evaluation of the effectiveness

of the design and operation of our disclosure controls and procedures as of December 31, 2024.

Based upon their evaluation, our Chief

Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures (as defined in Rules 13a-15 (e) and

15d-15 (e) under the Exchange Act) were effective.

Management’s Report on Internal Controls

Over Financial Reporting

This Annual Report does not

include a report of management’s assessment regarding internal control over financial reporting or an attestation report of our

independent registered public accounting firm due to a transition period established by rules of the SEC for newly public companies.

Changes in Internal Control over Financial

There were no changes in

our internal control over financial reporting (as such term is defined in Rules 13a-15(f) and 15d-15(f) of the Exchange Act) during the

most recent fiscal quarter that have materially affected, or are reasonably likely to materially affect, our internal control over financial

Our management, with the participation of our Chief Executive Officer

and Chief Financial Officer, has evaluated the effectiveness of our disclosure controls and procedures (as defined in Rules 13a-15(e)

and 15d-15(e) under the Securities Exchange Act of 1934, as amended) as of the end of the period covered by this Annual Report on Form

Based on that evaluation, our Chief Executive Officer and Chief Financial

Officer concluded that our disclosure controls and procedures were effective as of December 31, 2025 to ensure that information required

to be disclosed in reports that we file or submit under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported

within the time periods specified in the SEC’s rules and forms.

Management’s Report on Internal Control over Financial Reporting

Our management is responsible for establishing and maintaining adequate

internal control over financial reporting (as defined in Rule 13a-15(f) and 15d-15(f) under the Exchange Act).

Internal control over financial reporting is a process designed to

provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external

purposes in accordance with U.S.

generally accepted accounting principles (GAAP).

Because of its inherent limitations, internal control over financial

reporting may not prevent or detect misstatements.

Projections of any evaluation of effectiveness to future periods are subject to the

risk that controls may become inadequate because of changes in conditions or that the degree of compliance with policies or procedures

may deteriorate.

Our management evaluated the effectiveness of our internal control

over financial reporting as of December 31, 2025.

Based on this evaluation, management concluded that our internal control over financial

reporting was not effective as of December 31, 2025.

Changes in Internal Control over Financial Reporting

There were no changes in our internal control over financial reporting

during the quarter ended December 31, 2025 that have materially affected, or are reasonably likely to materially affect, our internal

control over financial reporting.

Attestation Report of Registered Public Accounting Firm

This report does not include an attestation report of our registered

public accounting firm regarding internal control over financial reporting because we are a smaller reporting company and are not required

to provide such report.

Other Information.

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Not applicable.

Directors, Executive Oﬃcers and Corporate Governance.

Directors, Executive Officers and Corporate Governance.

Executive Officers and Directors

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Zhen “Bill” Qin

Chairman of the Board of Directors, Chief Executive Officer and Director

Chairman of the Board of Directors, Chief Executive Officer

Chief Financial Officer and Director

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Xin Liu (1)(2)(3)

Leung Tsz Kan

(1) Member of the audit committee.

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Executive Officers

Qin has served as our Chief Executive Officer and Chairman of our Board since October 2023.

He has also served as Chief Executive

Officer of our wholly owned subsidiary, Linkhome Realty Group since July 2021.

Before joining Linkhome Realty Group, Mr.

Qin was an independent

realtor for Harvest Realty Development Inc.

from March 2020 to July 2021.

He also served as Chief Executive Officer of USA Bestway Group

from April 2016 to March 2020.

Qin serves as the Chief Executive Officer and Chairman of the Board of the Company.

Since July 2021, he has also served as the

Chief Executive Officer of the Company’s wholly owned subsidiary, Linkhome Realty Group.

Qin currently holds management positions

in several other companies, including Linkhome Inc.

and Linkhome Mortgage Inc.

These entities are currently inactive and do not have ongoing

business operations or revenue.

Qin holds a master’s degree from the University of California, Irvine.

We believe that Mr.

Qin’s deep understanding of our company and his real estate industry experience qualifies him to serve on our Board.

Na Li has served

as our Chief Financial Officer and as a member of our Board since October 2023.

She has also served as Chief Financial Officer of our

wholly owned subsidiary, Linkhome Realty Group since July 2021.

Before joining Linkhome Realty Group, Ms.

Li was an independent realtor

for Harvest Realty Development Inc.

from March 2020 to July 2021.

She also served as Chief Financial Officer of USA Bestway Group Inc.

from April 2016 to March 2020.

deep understanding of the Company, together with his extensive experience in the real estate industry, qualifies him to serve as a member

of our Board of Directors.

as the Chief Financial Officer and a member of the Board of Directors of the Company.

Since July 2021, she has also served as the Chief

Financial Officer of the Company’s wholly owned subsidiary, Linkhome Realty Group.

Li completed the EMBA program at the University

of California, Irvine.

We believe that Ms.

Li’s deep understanding of our company and her real estate industry experience

qualifies her to serve on our Board.

Li’s deep understanding of the Company, together with her experience in the real estate

industry, qualifies her to serve as a member of our Board of Directors.

served as our Chief Technology Officer since October 2023 and has also served as Chief Technology Officer of our wholly owned subsidiary,

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In 2021, he assisted Sensen Group in expanding their local business operations.

master’s degree from the University of California, Irvine.

He has participated in the development of several programming projects

on the Discord platform as a third-party developer and established his own artificial intelligence models on the OpenAI platform.

among the few technical experts proficient in configuring large AI models such as Gemma, Llama-2, and Grok, and has been involved in the

extensive training of various artificial intelligence models.

holds a master’s degree from the University of California, Irvine.

He has participated in the development of several programming

projects on the Discord platform as a third-party developer and established his own artificial intelligence models on the OpenAI platform.

He is among the few technical experts proficient in configuring large AI models such as Gemma, Llama-2, and Grok, and has been involved

in the extensive training of various artificial intelligence models.

Non-Employee Directors

Minghui Sun has

served as a member of our Board since November 2024.

Sun has been the Chief Executive Officer of Qin Express since 2021.

served as a member of our Board since the date of our Registration Statement.

Sun has been the Chief Executive Officer of Qin Express

Before then, Ms.

Sun served as Vice President of Meibao International Group.

Sun earned her bachelor’s degree from Zhengzhou Huaxin University.

Sun earned her bachelor’s degree from

Zhengzhou Huaxin University.

Sun was selected to serve as a director due to her experience with marketing, branding and consumer insights.

Xin Liu has served

as a member of our Board since November 2024.

Liu has been the Chief Financial Officer of Tellus Power North America since January

as a member of our Board since the date of our Registration Statement.

Liu has been the Chief Financial Officer of Tellus Power

North America since January 2024.

From December 2019 to December of 2023, he served as an accounting consultant at KBC.

Prior to KBC, Mr.

Liu was a Specialist in

Prior to KBC,

Liu was a Specialist in the U.S.

Liu earned a bachelor’s degree from San Francisco State University.

Liu was selected to serve as a director

due to his experience in executive leadership, business operations and corporate governance.

was selected to serve as a director due to his experience in executive leadership, business operations and corporate governance.

Xiaoyu Li has

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From July 2011 to November 2023, he served as President of Whitley International Co.

Liu earned a bachelor’s degree from

Dongbei University of Finance and Economics and both a master’s degree and Doctor of Philosophy from Clemson University.

was selected to serve as a director due to his experience in ecommerce and social media marketing.

Li earned a bachelor’s

degree from Dongbei University of Finance and Economics and a master’s degree from Clemson University.

Li was selected

to serve as a director due to his experience in ecommerce and social media marketing.

Leung Tsz Kan

has served as a member of our Board since June 2025.

Kan has been the Chief Executive Officer of J & C Tech Consultant Company

Limited since June 2025.

From 2017 to June 2025, Mr.

Kan was Head of Corporate and Commercial Banking at OCBC Wing Hang Bank.

2017 to 2019, Mr.

Kan was Vice President of the Bank of Singapore.

Kan earned a bachelor’s degree from Canterbury

University in Business Administration in Finance and a bachelor’s degree in Accounting from The University of Hong Kong.

was selected to serve as a director due to his experience in executive leadership and finance.

Our Chief Executive Officer

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Codes of Business Conduct and Ethics

Upon completion of our IPO,

our Board will adopt a code of business conduct and ethics that applies to all of our employees, officers, and directors, including our

Chief Executive Officer, Chief Financial Officer and other executive and senior financial officers.

The full text of our code of conduct

will be posted on the investor relations section of our website at https://www.linkhomeai.com .

The reference to our website address in this prospectus does not include or incorporate by reference the information on our website into

this prospectus.

Our Board has adopted a code of business

conduct and ethics that applies to all of our employees, officers, and directors, including our Chief Executive Officer, Chief Financial

Officer and other executive and senior financial officers.

The full text of our code of conduct is posted on the investor relations section

of our website at https://ir.linkhome.com.

The reference to our website address in our SEC filings does not include or incorporate by reference the information on our website into

this Annual Report.

We intend to disclose future amendments to certain provisions of our code of conduct, or waivers of these provisions,

on our website or in public filings to the extent required by the applicable rules and exchange requirements.

Controlled Company Status

Upon completion of our IPO,

the Controlling Stockholders will hold a majority of the voting power of our outstanding Common Stock.

Accordingly, we expect to be considered

a “controlled company” under the Nasdaq Listing Rules.

As a controlled company, certain exemptions under the Nasdaq Listing

Rules will exempt us from the obligation to have a compensation committee that is composed entirely of independent directors, that our

nominating and governance committee be composed entirely of independent directors with a written charter addressing the committee’s

purpose and responsibilities or that we have a majority independent board.

We intend to use these exemptions following the completion

Board of Directors Composition

Our Board currently consists

of five members.

of six members.

Our Board has determined three of our directors are independent directors in accordance with the listing requirements

The Nasdaq independence definition includes a series of objective tests, including that the director is not, and has not been

for at least three years, one of our employees and that neither the director nor any of his or her family members has engaged in various

types of business dealings with us.

In addition, as required by Nasdaq rules, our Board has made a subjective determination as to each

independent director that no relationships exist, which, in the opinion of our Board, would interfere with the exercise of independent

for at least three years, one of our employees and that neither the director nor any of his or her family members has engaged in

various types of business dealings with us.

In addition, as required by Nasdaq rules, our Board has made a subjective determination as

to each independent director that no relationships exist, which, in the opinion of our Board, would interfere with the exercise of independent

judgment in carrying out the responsibilities of the director.

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Director Independence

In connection with our IPO,

we have applied to list our Common Stock on the Nasdaq Capital Market.

Under the rules of Nasdaq, independent directors must compose a

majority of a listed company’s board of directors within a specified period of the completion of our IPO.

In addition, the rules

of Nasdaq require that, subject to specified exceptions, each member of a listed company’s audit, compensation and nominating and

corporate governance committees be independent.

Under the rules of Nasdaq, a director will only qualify as an “independent director”

if, in the opinion of that company’s board of directors, that person does not have a relationship that would interfere with the

exercise of independent judgment in carrying out the responsibilities of a director.

Our common stock is

listed on the Nasdaq Capital Market under the symbol “LHAI.” Under the rules of Nasdaq, independent directors must compose

a majority of a listed company’s board of directors.

In addition, the rules of Nasdaq require that, subject to specified exceptions,

each member of a listed company’s audit, compensation and nominating and corporate governance committees be independent.

the rules of Nasdaq, a director will only qualify as an “independent director” if, in the opinion of that

company’s board of directors, that person does not have a relationship that would interfere with the exercise of independent

judgment in carrying out the responsibilities of a director.

Audit committee members must

also satisfy the independence criteria set forth in Rule 10A-3 under the Exchange Act.

In order to be considered independent for purposes

of Rule 10A-3, a member of an audit committee of a listed company may not, other than in his or her capacity as a member of the audit

committee, the board of directors, or any other board committee:

(1) accept, directly or indirectly, any consulting, advisory, or other

compensatory fee from the listed company or any of its subsidiaries;

or (2) be an affiliated person of the listed company or any of its

subsidiaries.

We intend to satisfy the audit committee independence requirements of Rule 10A-3 as of the completion of our IPO.

In order to be considered independent

for purposes of Rule 10A-3, a member of an audit committee of a listed company may not, other than in his or her capacity as a member

of the audit committee, the board of directors, or any other board committee:

(1) accept, directly or indirectly, any consulting,

advisory, or other compensatory fee from the listed company or any of its subsidiaries;

or (2) be an affiliated person of the listed

company or any of its subsidiaries.

We satisfy the audit committee independence requirements of Rule 10A-3.

Our Board has undertaken a

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Committees of the Board of Directors

Our Board has an audit committee,

a compensation committee, and a nominating and corporate governance committee, each of which has the composition and responsibilities

described below as of the closing of our initial public offering.

Members serve on these committees until their resignation or until otherwise

determined by our Board.

As required by the Nasdaq Listing Rules, our audit committee and compensation committee operates under a charter

approved by our Board.

Copies of audit committee and compensation committee charter are posted on the investor relations section of our

website at https://us.linkhomeai.com .

Our Board has an audit committee, a

compensation committee, and a nominating and corporate governance committee, each of which has the composition and responsibilities described

Members serve on these committees until their resignation or until otherwise determined by our Board.

As required by the Nasdaq

Listing Rules, our audit committee and compensation committee operate under a charter approved by our Board.

Copies of the audit committee

and compensation committee charters are posted on the investor relations section of our website at

https://ir.linkhome.com .

Audit Committee

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Liu is the chairman of our audit committee.

The composition of our audit committee meets the

requirements for independence under the current Nasdaq and SEC rules and regulations.

The composition of our audit committee meets

the requirements for independence under the current Nasdaq and SEC rules and regulations.

Each member of our audit committee is financially

In addition, our Board has determined that Mr.

Liu is an “audit committee financial expert” as defined in Item 407(d)(5)(ii)

of Regulation S-K promulgated under the Securities Act.

Liu is an “audit committee financial expert” as defined in Item 407(d)(5)(ii) of

Regulation S-K promulgated under the Securities Act.

This designation does not impose on him any duties, obligations, or liabilities

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and knowledge of management and the independent registered public accounting firm in carrying out its oversight responsibilities.

Our compensation committee

is comprised of Bill Qin, Minghui Sun and Xin Liu.

Qin is the chairperson of our compensation committee.

Compensation Committee

Our compensation committee

is responsible for, among other things:

is comprised of Minghui Sun and Xin Liu.

Minghui Sun is the chairperson of our compensation committee.

Our compensation committee is responsible

for, among other things:

● reviewing and approving, or recommending that our Board approve,

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Our nominating and corporate

governance committee is comprised of Bill Qin, Minghui Sun and Xin Liu.

Qin is the chairperson of our nominating and corporate governance

governance committee is comprised of Minghui Sun and Xin Liu.

Xin Liu is the chairperson of our nominating and corporate governance committee.

Our nominating and corporate governance committee is responsible for, among other things:

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This section discusses the material components of the executive compensation

program for our named executive officer (“NEO”) for our Fiscal Year and the fiscal year ending December 31, 2023 (“Fiscal

Year 2023”), its Chief Executive Officer Zhen “Bill” Qin.

Qin was the only executive officer of the Company serving

in our Fiscal Year and Fiscal Year 2023 whose compensation is required to be reported under SEC rules.

program for our named executive officer (“NEO”) for the fiscal years ended December 31, 2025 (“Fiscal Year 2025”) and December 31, 2024 (“Fiscal Year 2024”), its Chief Executive Officer Zhen “Bill” Qin.

was the only executive officer of the Company serving in Fiscal Year 2025 and Fiscal Year 2024 whose compensation is required to be reported

under SEC rules.

The following discussion may

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with the executive’s skill set, experience, performance, role and responsibilities.

Qin’s offer letter, he was

eligible to receive $3,000 per month in base salary.

Qin received $36,000 in total base salary payments for our Fiscal Year.

Qin’s offer letter, he

was eligible to receive $3,000 per month in base salary.

Qin received $36,000 in total base salary payments for Fiscal Year

● Short-Term Cash Incentives.

During our Fiscal Year,

During Fiscal Year

Qin did not receive any sales commission.

● Long-Term Equity Incentives.

During our Fiscal Year,

During Fiscal Year

2025 , the Company did not grant any incentive equity awards to Mr.

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Qin, for services rendered

to the Company Group in all capacities in our Fiscal Year and Fiscal Year 2023.

to the Company Group in all capacities in its Fiscal Year 2025 and Fiscal Year 2024 .

Name and Principal Position

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Chief Executive Officer

(1) In 2024, Mr.

Qin served as CEO, and the amount reported as

salary represents base salary payments and sales commissions paid to him for his service.

(1) The amounts reported as salary represent base salary payments

and sales commissions for service.

Narrative Disclosure to the Summary Compensation

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Agreements with our NEO

Qin is a party to an employment

agreement with Linkhome Realty, dated July 20, 2021 (the “Qin Employment Agreement”), under which he serves as Chief Executive

Officer of Linkhome Realty.

The Qin Employment Agreement provides for base salary of $3,000 per month, eligibility for certain employee

benefits once adopted by the Company and certain confidentiality covenants that apply during and after employment.

Outstanding Equity Awards at Our Fiscal Year-End

Qin did not have any outstanding

incentive equity awards as of December 31, 2024.

Bill Qin is a party to an employment

agreement with Linkhome Realty, dated July 20, 2021 (the “ Qin Employment Agreement ”), under which he serves

as Chief Executive Officer of Linkhome Realty.

The Qin Employment Agreement provides for base salary of $3,000 per month, eligibility

for certain employee benefits once adopted by the Company and certain confidentiality covenants that apply during and after employment.

Outstanding Equity Awards at 2025 Fiscal Year-End

Qin did not have any

outstanding incentive equity awards as of December 31, 2025 .

Potential Payments Upon Termination or Change

Qin is eligible for two

weeks of salary continuation following a termination by the Company of his employment and the Qin Employment Agreement.

eligible for any other potential payments upon any form of termination or resignation of employment or a change in control of the Company

if such event took place on December 31, 2024 or at any other point during Fiscal Year.

Qin is eligible for

two weeks of salary continuation following a termination by the Company of his employment and the Qin Employment Agreement.

is not eligible for any other potential payments upon any form of termination or resignation of employment or a change in control of the

Company if such event took place on December 31, 2025 or at any other point during Fiscal Year 2025 .

Director Compensation

None of the Company’s

non-employee directors received any compensation related to the director’s Board service in our Fiscal Year or Fiscal Year 2023

or had any outstanding equity awards as of December 31, 2024.

Any directors that also serve as employees of the Company are not entitled

to additional compensation for their Board service.

As of December 31, 2025, the

Company’s non-employee directors, Xin Liu and Minghui Sun , each received compensation of $3,000 per quarter

for their service on the Board of Directors.

The Company’s other non-employee directors did not receive any compensation for their

service as directors during the fiscal years ended December 31, 2025 and 2024 , and none held any outstanding equity awards.

Security Ownership of Certain Beneficial Owners and Management

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Directors and Named Executive Officers:

Zhen “Bill” Qin (1)

Leung Tsz Kan

All executive officers and directors as a group (7 persons)

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Rapid Deals Inc.

† Unless otherwise indicated the business address for each of

the individuals is 2 Executive Circle, Suite 100, Irvine, CA 92614

† Unless otherwise indicated the business address for each

of the individuals is 17901 Von Karman Ave, Ste 450, Irvine, CA

* Represents beneficial ownership of less than one percent.

Qin may also be deemed to indirectly beneficially own 250,000

shares of common stock held by his spouse.

Qin disclaims beneficial ownership of the shares held by his spouse except to the extent

of his pecuniary interest therein.

Li may also be deemed to indirectly beneficially own 7,650,000

shares of common stock held by her spouse.

Li disclaims beneficial ownership of the shares held by her spouse except to the extent

of her pecuniary interest therein.

Qin may also be deemed to indirectly beneficially

own 30,000 shares of common stock held by his spouse.

Qin disclaims beneficial ownership of the shares held by his spouse

except to the extent of his pecuniary interest therein.

Li may also be deemed

to indirectly beneficially own 5,070,000 shares of common stock held by her spouse.

Li disclaims beneficial ownership of the

shares held by her spouse except to the extent of her pecuniary interest therein.

(3) The address of Haiyan Ma is 221 Culture, Irvine, CA 92618.

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is 1040 Walnut Ave., Pomona,

Certain Relationships and Related Transactions, and Director

Independence.

January 1, 2022 there has not been any transaction or series of similar transactions to which we were, or will be, a party in which

the amount exceeded, or will exceed, the lesser of (i) $120,000 or (ii) one percent of our total assets for the last two completed fiscal

years, and in which any director, executive officer, or beneficial holders of more than five percent of any class of our capital stock,

or any immediate family member of, or person sharing the household with, any of these individuals, had or will have a direct or indirect

material interest except for to the executive officer and director compensation arrangements discussed above under “Management — Non-Employee Director

Compensation” and “Executive Compensation,” and the following:

Certain Relationships and Related

Transactions, and Director Independence.

Since January 1, 2025, there has not been any transaction or series

of similar transactions in which we were or are to be a participant, in which the amount involved exceeded or will exceed the lesser of

(i) $120,000 and (ii) one percent of the average of our total assets at year-end for the last two completed fiscal years, and in which

any director, executive officer, holder of more than five percent of any class of our capital stock, or any immediate family member of

or person sharing the household with any of the foregoing persons, had or will have a direct or indirect material interest, except for

the executive officer and director compensation arrangements described above under “Management — Non-Employee Director Compensation”

and “Executive Compensation,” and the following:

Related Parties

following individuals are considered related parties due to their roles and shareholdings in the Company:

Shareholder with 12.41% ownership.

Chairman of the Board, Chief Executive Officer, and shareholder with 52.74% ownership.

Zhen Qin also serves as a licensed real estate agent acting on behalf of the Company.

Chief Financial Officer, Director, and shareholder with 1.72% ownership.

following individuals are considered related parties due to their roles and shareholding in the Company:

The Company’s shareholder.

Chairman of the Board, Chief Executive Officer (“CEO”), and major shareholder.

Zhen Qin is also a licensed real estate

broker affiliated with the Company.

Chief Financial Officer (“CFO”) and Director.

Na Li is the spouse of Zhen Qin.

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December 31, 2025 and 2024

Property Purchases and

Sales Through Cash Offer

Property Purchases

and Sales Through Cash Offer

the year ended December 31, 2024, the Company purchased three properties in cash for $2,884,882 from unrelated parties and subsequently

sold them to Haiyan Ma for $2,940,544.

For the year ended December 31, 2023, the Company purchased one property in cash for $1,056,370

from an unrelated party and subsequently sold it to Haiyan Ma for $1,069,072.

the year ended December 31, 2024, the Company purchased a property in cash for $1,425,930 from Haiyan Ma, which included $1,420,000

paid to Haiyan Ma as the total consideration and $5,930 in title charges, escrow charges, and other related costs.

the year ended December 31, 2024, the Company purchased a property in cash for $1,425,930 from Haiyan Ma, which included $1,420,000 paid

to Haiyan Ma as the total consideration and $5,930 in title charges, escrow charges, and other related costs.

The Company subsequently

sold the property to Na Li for $1,670,000.

Real Estate Agency Services

Real Estate Agency

the year ended December 31, 2025, the Company provided real estate agency services to Na Li, assisting with the sale of one property.

The Company earned $126,000 in real estate agency commission from Na Li but paid a referral fee of $28,440 to Haiyan Ma for introducing

the buyer, resulting in net revenue of $97,560 recognized by the Company.

the year ended December 31, 2024, the Company provided real estate agency services to Haiyan Ma, assisting with the sale of two properties

and the purchase of one property, for which the Company earned a total of $62,650 in real estate agency commission.

the year ended December 31, 2024, the Company provided real estate agency services to Zhen Qin and Na Li, assisting with the

purchase of a property, for which the Company earned $50,000 in real estate agency commission.

the year ended December 31, 2024, the Company provided real estate agency services to Zhen Qin and Na Li, assisting with the purchase

of a property, for which the Company earned $50,000 in real estate agency commission.

the year ended December 31, 2024, the Company provided real estate agency services to two minority shareholders, assisting one shareholder

with selling a property and the other shareholder with purchasing a property, for which the Company earned a total of $15,550 in real

estate agency commission.

Property Management Services

the year ended December 31, 2024, the Company provided tenant placement services to a minority shareholder, assisting with securing

a rental property, for which the Company earned $1,800 in property management service revenue.

Home Renovation Services

the year ended December 31, 2024, the Company provided home renovation services to Haiyan Ma on three home renovation projects, for

which the Company earned $53,012 in home renovation service revenue and incurred $43,332 in renovation costs.

the year ended December 31, 2024, the Company provided home renovation services to Na Li on four home renovation projects, for which

with selling a property and the other shareholder with purchasing a property, for which the Company earned real estate agency commission

of $15,550 in total.

Property Management

the year ended December 31, 2024, the Company provided tenant placement services to a minority shareholder, assisting with securing a

rental property, for which the Company earned $1,800 in property management service revenue.

Home Renovation Service

the year ended December 31, 2024, the Company provided home renovation services to Haiyan Ma on three home renovation projects, for which

the Company earned $53,012 in home renovation service revenue and incurred $43,332 in renovation costs.

Commission Expenses

the year ended December 31, 2023, the Company incurred commission expenses of $61,400, which were paid to Zhen Qin for real estate

transactions conducted on behalf of the Company.

the year ended December 31, 2024, the Company provided home renovation services to Na Li on four home renovation projects, for which the

Company earned $64,500 in home renovation service revenue and incurred $56,769 in renovation costs.

Commission Expense

the year ended December 31, 2025, the Company incurred commission expenses of $45,000 paid to Na Li in connection with real estate transactions.

This amount was recorded in cost of revenues.

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May 1, 2024, Zhen Qin lent $530,000 to the Company to support its operational needs.

As of December 31, 2024, the Company repaid

$475,000 to Zhen Qin, and there was an outstanding balance of $55,000.

As of December 31, 2025, the Company had fully repaid

the outstanding balance to Zhen Qin, resulting in no amount due to the related party.

As of December 31, 2024, the Company had repaid

$475,000 to Zhen Qin, leaving an outstanding balance of $55,000.

Principal Accountant Fees and Services.

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LLP acts as our independent registered public accounting firm.

the period from January 1, 2024 through December 31, 2024, fees for services performed in connection with our IPO were approximately $96,000.

the year ended December 31, 2025, fees for professional services rendered by our independent registered public accounting firm in connection

with the audit of our annual financial statements and the reviews of our quarterly financial statements were approximately $68,000.

Audit-Related Fees.

the period from January 1, 2024 through December 31, 2024, $151 fees for assurance and related services fees to the performance of the

audit or review of financial statements amounts to $96,151.

the period from January 1, 2025 through December 31, 2025, $0 fees for assurance and related services fees to the performance of the audit

or review of financial statements amounts to $0 .

period from January 1, 2025 through December 31, 2025, Simon & Edward, LLP did not render services to us for tax compliance, tax advice

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Exhibit Title

Form of Underwriting Agreement, (incorporated by reference to Exhibit 1.1 to the Company’s Registration Statement on Form S-1 (File No.

333-280379), filed with the Securities and Exchange Commission on June 21, 2024).

Amended and Restated Certificate of Incorporation, (incorporated by reference to Exhibit 3.1 to the Company’s Registration Statement on Form S-1 (File No.

333-280379), filed with the Securities and Exchange Commission on June 21, 2024).

Bylaws, (incorporated by reference to Exhibit 3.2 to the Company’s Registration Statement on Form S-1 (File No.

Amended and Restated Certificate

of Incorporation, (incorporated by reference to Exhibit 3.1 to the Company’s Registration Statement on Form S-1 (File No.

filed with the Securities and Exchange Commission on June 21, 2024).

Form of Representative’s Warrants, (incorporated by reference to Exhibit 4.2 to the Post-Effective Amendment No.1 to the Company’s Registration Statement on Form S-1 (File No.

Bylaws, (incorporated by

reference to Exhibit 3.2 to the Company’s Registration Statement on Form S-1 (File No.

333-280379), filed with the Securities

and Exchange Commission on June 21, 2024).

Form of Representative’s

Warrants, (incorporated by reference to Exhibit 4.2 to the Post-Effective Amendment No.1 to the Company’s Registration Statement

on Form S-1 (File No.

333-280379), filed with the Securities and Exchange Commission on January 13, 2025).

Description of Securities

Form of Indemnification Agreement, (incorporated by reference to Exhibit 10.1 to the Company’s Registration Statement on Form S-1 (File No.

333-280379), filed with the Securities and Exchange Commission on June 21, 2024).

Employment Agreement, dated as of July 20, 2021, between Linkhome Realty and Zhen Qin, (incorporated by reference to Exhibit 10.2 to the Company’s Registration Statement on Form S-1 (File No.

333-280379), filed with the Securities and Exchange Commission on June 21, 2024).

Employment Agreement, dated as of July 20, 2021, between Linkhome Realty and Na Li, (incorporated by reference to Exhibit 10.3 to the Company’s Registration Statement on Form S-1 (File No.

333-280379), filed with the Securities and Exchange Commission on June 21, 2024).

Employment Agreement, dated as of June 1, 2023, between Linkhome Realty and Yuan Gao, (incorporated by reference to Exhibit 10.4 to the Company’s Registration Statement on Form S-1 (File No.

Form of Indemnification

Agreement, (incorporated by reference to Exhibit 10.1 to the Company’s Registration Statement on Form S-1 (File No.

filed with the Securities and Exchange Commission on June 21, 2024).

Lease, by and between The Irvine Company LLC and Goldman Realty & Mortgage Inc., dated July 31, 2023, (incorporated by reference to Exhibit 10.5 to the Company’s Registration Statement on Form S-1 (File No.

Employment Agreement, dated

as of July 20, 2021, between Linkhome Realty and Zhen Qin, (incorporated by reference to Exhibit 10.2 to the Company’s Registration

Statement on Form S-1 (File No.

333-280379), filed with the Securities and Exchange Commission on June 21, 2024).

Form of Subscription Agreement, (incorporated by reference to Exhibit 10.6 to the Company’s Registration Statement on Form S-1 (File No.

Employment Agreement, dated

as of July 20, 2021, between Linkhome Realty and Na Li, (incorporated by reference to Exhibit 10.3 to the Company’s Registration

Statement on Form S-1 (File No.

333-280379), filed with the Securities and Exchange Commission on June 21, 2024).

California Residential Purchase Agreement, (incorporated by reference to Exhibit 10.7 to the Company’s Registration Statement on Form S-1 (File No.

Employment Agreement, dated

as of June 1, 2023, between Linkhome Realty and Yuan Gao, (incorporated by reference to Exhibit 10.4 to the Company’s Registration

Statement on Form S-1 (File No.

333-280379), filed with the Securities and Exchange Commission on June 21, 2024).

Code of Ethics, (incorporated by reference to Exhibit 14.1 to the Company’s Registration Statement on Form S-1 (File No.

Lease, by and between The

Irvine Company LLC and Goldman Realty & Mortgage Inc., dated July 31, 2023, (incorporated by reference to Exhibit 10.5 to the

Company’s Registration Statement on Form S-1 (File No.

333-280379), filed with the Securities and Exchange Commission on June

Insider Trading Policy

List of Subsidiaries, (incorporated by reference to Exhibit 14.1 to the Company’s Registration Statement on Form S-1 (File No.

Form of Subscription Agreement,

(incorporated by reference to Exhibit 10.6 to the Company’s Registration Statement on Form S-1 (File No.

333-280379), filed

with the Securities and Exchange Commission on June 21, 2024).

California Residential

Purchase Agreement, (incorporated by reference to Exhibit 10.7 to the Company’s Registration Statement on Form S-1 (File No.

333-280379), filed with the Securities and Exchange Commission on June 21, 2024).

Power of Attorney (included on the signature page of the Registration Statement on Form S-1 (File No.

Code of Ethics, (incorporated

by reference to Exhibit 14.1 to the Company’s Registration Statement on Form S-1 (File No.

333-280379), filed with the Securities

and Exchange Commission on June 21, 2024).

Trading Policy, (incorporated

by reference to Exhibit 19.1 to the Company’s Annual Report on Form 10-K (File No.

333-280379), filed with the Securities and

Exchange Commission on March 27, 2025).

List of Subsidiaries, (incorporated

by reference to Exhibit 14.1 to the Company’s Registration Statement on Form S-1 (File No.

333-280379), filed with the Securities

and Exchange Commission on June 21, 2024).

Power of Attorney (included

on the signature page of the Registration Statement on Form S-1 (File No.

333-280379) as filed with the Commission on June 21, 2024).

Certification of the Chief Executive Officer required by Rule 13a-14(a) or Rule 15d-14(a).

Certification of the Chief Financial Officer required by Rule 13a-14(a) or Rule 15d-14(a).

Certification of the Chief Executive Officer required by Rule 13a-14(b) or Rule 15d-14(b) and 18 U.S.C.

Certification of the Chief Financial Officer required by Rule 13a-14(b) or Rule 15d-14(b) and 18 U.S.C.

Policy on Recoupment of Incentive Compensation

Certification of the Chief

Executive Officer required by Rule 13a-14(a) or Rule 15d-14(a).

Certification of the Chief

Financial Officer required by Rule 13a-14(a) or Rule 15d-14(a).

Certification of the Chief

Executive Officer required by Rule 13a-14(b) or Rule 15d-14(b) and 18 U.S.C.

Certification of the Chief

Financial Officer required by Rule 13a-14(b) or Rule 15d-14(b) and 18 U.S.C.

Policy on Recoupment of

Incentive Compensation, (incorporated by reference to Exhibit 97.1 to the Company’s Annual Report on Form 10-K (File No.

filed with the Securities and Exchange Commission on March 27, 2025).

Inline XBRL Instance Document.

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Filed or furnished herewith.

† Certain of the schedules and exhibits to the agreement have

been omitted pursuant to Item 601(a)(5) of Regulation S-K.

A copy of any omitted schedule or exhibit will be furnished to the SEC upon

# Certain private and immaterial portions of the agreement have

been redacted pursuant to Item 601(b)(10)(iv) of Regulation S-K.

A copy of any redacted information will be furnished to the SEC upon

Certain of the schedules and exhibits to the agreement have been omitted pursuant to Item 601(a)(5) of Regulation S-K.

A copy of any omitted schedule or exhibit will be furnished to the SEC upon request.

Certain private and immaterial portions of the agreement have been redacted pursuant to Item 601(b)(10)(iv) of Regulation S-K.

A copy of any redacted information will be furnished to the SEC upon request.

(b) Financial Statement Schedule.

All financial statement schedules are omitted because

they are not applicable or the information is included in the registrant’s consolidated financial statements or related notes.

Form 10-K Summary.

Pursuant to the requirements of Section 13 or 15(d) of the Securities

Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

All financial statement schedules are omitted because they are not

applicable or the information is included in the registrant’s consolidated financial statements or related notes.

Pursuant to the requirements

of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by

the undersigned, thereunto duly authorized.

LINKHOME HOLDINGS INC.

March 26, 2026

Chairman of the Board and Chief Executive Officer

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March 26, 2026

/s/ Leung Tsz Kan

March 26, 2026

Leung Tsz Kan

LINKHOME HOLDINGS INC.

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Notes to Consolidated Financial Statements

Report of Independent

Registered Public Accounting Firm

Report of Independent Registered Public Accounting Firm

Shareholders and Board of Directors

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Opinion on the Consolidated financial statements

We have audited the accompanying consolidated balance sheets of Linkhome

Holdings Inc.

and its subsidiary (the “Company”) as of December 31, 2024 and 2023, the related consolidated statements of

income, stockholders’ equity, and cash flows for each of the years then ended, and the related notes (collectively referred to as

the “consolidated financial statements”).

In our opinion, the consolidated financial statements present fairly, in all material

respects, the financial position of the Company as of December 31, 2024 and 2023, and the results of its operations and its cash flows

for each of the years then ended, in conformity with accounting principles generally accepted in the United States of America.

We have audited the accompanying consolidated

balance sheets of Linkhome Holdings Inc.

and its subsidiary (the “Company”) as of December 31, 2025 and 2024, the related

consolidated statements of income, stockholders’ equity, and cash flows for each of the years then ended, and the related notes

(collectively referred to as the “consolidated financial statements”).

In our opinion, the consolidated financial statements

present fairly, in all material respects, the financial position of the Company as of December 31, 2025 and 2024, and the results of its

operations and its cash flows for each of the years then ended, in conformity with accounting principles generally accepted in the United

States of America.

Basis for Opinion

These consolidated financial statements are the responsibility of the

Company’s management.

Our responsibility is to express an opinion on the Company’s consolidated financial statements based

on our audits.

We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and

are required to be independent with respect to the Company in accordance with the U.S.

federal securities laws and the applicable rules

and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB.

Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the consolidated financial statements

are free of material misstatement, whether due to error or fraud.

The Company is not required to have, nor were we engaged to perform,

an audit of its internal control over financial reporting.

As part of our audits, we are required to obtain an understanding of internal

control over financial reporting, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal

control over financial reporting.

These consolidated financial statements are the

responsibility of the Company’s management.

Our responsibility is to express an opinion on the Company’s consolidated financial

statements based on our audits.

We are a public accounting firm registered with the Public Company Accounting Oversight Board (United

States) (PCAOB) and are required to be independent with respect to the Company in accordance with the U.S.

federal securities laws and

the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the

standards of the PCAOB.

Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the consolidated

financial statements are free of material misstatement, whether due to error or fraud.

The Company is not required to have, nor were we

engaged to perform, an audit of its internal control over financial reporting.

As part of our audits, we are required to obtain an understanding

of internal control over financial reporting, but not for the purpose of expressing an opinion on the effectiveness of the Company’s

internal control over financial reporting.

Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material

misstatement of the consolidated financial statements, whether due to error or fraud, and performing procedures that respond to those

Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the consolidated financial

Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as

evaluating the overall presentation of the consolidated financial statements.

We believe that our audits provide a reasonable basis for

Our audits included performing procedures to

assess the risks of material misstatement of the consolidated financial statements, whether due to error or fraud, and performing procedures

that respond to those risks.

Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the

consolidated financial statements.

Our audits also included evaluating the accounting principles used and significant estimates made

by management, as well as evaluating the overall presentation of the consolidated financial statements.

We believe that our audits provide

a reasonable basis for our opinion.

Critical Audit Matter

Critical audit matters are matters arising from the current period

audit of the consolidated financial statements that were communicated or required to be communicated to the audit committee and that:

(1) relate to accounts or disclosures that are material to the consolidated financial statements and (2) involved our especially challenging,

subjective, or complex judgments.

Critical audit matters are matters arising from

the current period audit of the consolidated financial statements that were communicated or required to be communicated to the audit committee

(1) relate to accounts or disclosures that are material to the consolidated financial statements and (2) involved our especially

challenging, subjective, or complex judgments.

We determined that there are no critical audit matters.

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AND SUBSIDIARY

CONSOLIDATED BALANCE SHEETS

BALANCE SHEETS

AS OF DECEMBER 31, 2025 AND 2024

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Cash and cash equivalents

Accounts receivable, net

Accounts receivable

Real estate held for sale

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Noncurrent Assets

Equipment, net

Property and equipment, net

Operating lease right-of-use assets, net

Intangible asset

Intangible assets, net

Deferred tax assets, net

Investment under cost method

Long-term prepaid expenses, net

Security deposits

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Total Liabilities

Commitments and Contingencies

Stockholders’ Equity

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Total Liabilities and Stockholders’ Equity

The accompanying notes are an integral

part of these consolidated financial statements.

The accompanying notes are an integral part of these consolidated financial statements.

LINKHOME HOLDINGS INC.

AND SUBSIDIARY

CONSOLIDATED STATEMENTS OF INCOME

STATEMENTS OF INCOME

FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024

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Operating Income

Other (Expenses) Income

Other Income (Expenses)

Interest income

Interest expense

Financial expense

Other income (expenses), net

Total Other Expenses, Net

Realized loss on trading securities

Other income, net

Total Other Income (Expenses), Net

Income before Income Taxes

Income Tax Expenses

Earnings per Share – Basic

Weighted Average Number of Common Stock Outstanding – Basic

The accompanying notes are an integral

part of these consolidated financial statements.

Income Tax Expense

Earnings per Share – Basic and Diluted

Weighted Average Number of Common Stock Outstanding – Basic and Diluted

The accompanying notes are an integral part of these consolidated financial statements.

LINKHOME HOLDINGS INC.

AND SUBSIDIARY

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’

STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY

FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024

Preferred stock

Additional paid-in capital

Additional paid-in

Total stockholder’s

Balance at December 31, 2023

Capital contribution

Dividend paid

Balance at December 31, 2023

Common shares issued for equity financing

Balance at December 31, 2024

The accompanying notes are an integral part of

these consolidated financial statements.

Issuance of common stock

Balance at December 31, 2025

The accompanying notes are an integral part of these consolidated financial statements.

LINKHOME HOLDINGS INC.

AND SUBSIDIARY

CONSOLIDATED STATEMENTS OF CASH FLOWS

STATEMENTS OF CASH FLOWS

FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024

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Cash Flows from Operating Activities

Adjustments to reconcile net income to net cash (used in) provided by operating activities:

Lease expense

Adjustments to reconcile net income to net cash provided by operating activities:

Realized loss on trading securities

Change in allowance for credit losses

Depreciation and amortization

Lease expense

Deferred tax assets

Changes in operating assets and liabilities:

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Prepaid expenses and other receivables

Deferred IPO costs

Long-term prepaid expenses

Security deposits

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Payment of lease liabilities

Net Cash (Used in) Provided by Operating Activities

Net Cash Provided by Operating Activities

Cash Flows from Investing Activities

Purchase of furniture and fixtures

Purchase of office equipment

Purchase of automobile

Purchase of trademark

Purchase of trading securities

Proceeds from sale of trading securities

Purchase of property and equipment

Capitalized intangible assets

Investment under cost method

Net Cash Used in Investing Activities

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Repayments of related party dues

Proceeds from shares issued in equity financing

Proceeds from capital contribution

Dividend paid

Proceeds from issuance of common stock

Payment of offering costs

Net Cash Provided by Financing Activities

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Cash Paid for Income Taxes

The accompanying notes are an integral part of

these consolidated financial statements.

The accompanying notes are an integral part of these consolidated financial statements.

LINKHOME HOLDINGS INC.

3 unchanged sentences

Linkhome Holdings Inc.

“Linkhome Holdings” or the “Company”) was incorporated in the State of Nevada, U.S.

on November 6,

The Company is a holding entity with no material operation of its own.

Linkhome conducts substantially all of the operations through

its fully owned subsidiary Linkhome Realty Group (“Linkhome Realty” or the “Subsidiary”), formerly known as Goldman

Realty & Mortgage Inc..

Linkhome Realty was incorporated in the State of California, U.S.

on July 13, 2021, and is

engaged in real estate related activities including real estate purchases and sales through Cash Offer, and various real estate services,

such as real estate agency service for buying and selling properties, property management, home renovation and mortgage referral services.

On November 17, 2023, Linkhome Realty obtained the Company’s real estate broker license, following the Company’s Chief

Executive Officer’s (“CEO”) receipt of his personal real estate broker license on August 8, 2023.

On December 1, 2023,

all the shareholders of Linkhome Realty transferred all of their ownerships in Linkhome Realty and exchanged for 13,500,000 shares

of Linkhome Holdings, for which the CEO is the major shareholder.

The transfer was considered as a reorganization of entities under common

The consolidation of the Company and its subsidiary has been accounted for at historical cost and prepared on the basis as if

the aforementioned transactions had become effective as of the beginning of the first period presented in the accompanying consolidated

financial statements.

(“Linkhome”, “Linkhome Holdings”,

or the “Company”) was incorporated in the State of Nevada, United States on November 6, 2023 .

The Company is a holding company

with no material operations of its own.

The Company conducts substantially all of its operations through its wholly owned subsidiary,

Linkhome Realty Group (“Linkhome Realty”), which was incorporated in the State of California on July 13, 2021.

The Company operates an AI-powered real estate

technology platform designed to facilitate residential property transactions.

The platform integrates property search capabilities, real

estate transaction services, and financing-related solutions.

The Company’s services primarily include:

● real estate brokerage services for residential property purchases

● transaction solutions through the Company’s Cash Offer

● property management services

● home renovation services

● mortgage referral services

Through its Cash Offer program, the Company may temporarily acquire

residential properties using its capital in order to facilitate transactions for clients.

The property is subsequently sold to the client

once the client’s financing is finalized.

The Company generates revenue primarily from real estate brokerage commissions, real estate

transaction activities through its Cash Offer program, property management services, renovation services, and mortgage referral fees.

NOTE 2 — SUMMARY OF SIGNIFICANT

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readily convertible to known amounts of cash are subject to an insignificant risk of changes in value.

Investments in Trading Securities

The Company classifies investments

in trading securities as financial instruments acquired with the intent to sell them in the near term for profit.

Trading securities are

initially recorded at cost and subsequently measured at fair value, with both realized and unrealized gains or losses recognized in the

consolidated statements of income under “Other Income/Expenses.” Unrealized gains or losses arising from changes in the fair

value of trading securities are recognized in the consolidated statements of income at each reporting period, while realized gains or

losses are calculated based on the difference between the sale proceeds and the carrying value of the securities sold.

The Company opened an investment

account with J.P.

Morgan Chase in January 2025.

During the year ended December 31, 2025, the Company purchased and disposed of trading

securities totaling approximately $ 274,718 and $ 272,067 , respectively.

The investment account balance was withdrawn in June

2025, and no trading securities were held as of December 31, 2025.

For the year ended December 31, 2025, the Company recognized a realized

loss on trading securities of $ 2,651 , which was recorded in the consolidated statements of income under “Other Income/Expenses.”

Credit Losses

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assets measured at amortized cost and off-balance sheet credit exposures.

The was no transition adjustment of the adoption of CECL.

There was no transition adjustment upon the adoption of

The Company’s accounts

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of individual receivable balances, the Company considers many factors, including historical losses, the age of the receivable balance,

the customer’s historical payment pattens and creditworthiness, current economic conditions, and reasonable and supportable forecasts

the customer’s historical payment patterns and creditworthiness, current economic conditions, and reasonable and supportable forecasts

of future economic conditions.

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potential for recovery is considered remote.

As of December 31, 2024 and 2023, the Company had allowances for credit losses of $0 and

$ 9,092 , respectively.

As of December 31, 2025 and 2024, the Company had no allowances for credit losses.

Real Estate Held for Sale

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for sale are measured at the lower of cost or fair value less costs to sell.

As of December 31, 2024, the Company recorded one property

as real estate held for sale, with a carrying value of $ 907,061 .

This property was purchased in December 2024 under the Cash Offer program

to facilitate a transaction for a client and was subsequently sold in January 2025.

As of December 31, 2023, the Company had no real estate

held for sale.

As of December 31, 2025, the Company had no real estate held

As of December 31, 2024, the Company recorded one property as real estate held for sale with a carrying value of $ 907,061 .

property was acquired in December 2024 under the Cash Offer program to facilitate a transaction for a client and was subsequently sold

in January 2025.

Advance to Contractor

Advance to contractor represents

the amount paid to contractor in advance for home renovation projects that are not yet completed and from which future economic benefits

are expected to be received by the Company within normal operating cycle.

A home renovation project is generally completed within one

to three months from the date the advance payment is made.

amounts paid to contractors in advance for home renovation projects that are not yet completed, from which the Company expects to receive

future economic benefits within its normal operating cycle.

Home renovation projects are generally completed within one to three months

from the date the advance payment is made.

As of December 31, 2025 and 2024, there were no outstanding advances to contractors.

Deferred Initial Public Offering (“IPO”)

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costs, along with any additional expenses incurred, will be charged to operations.

As of December 31, 2024 and 2023, deferred IPO costs

amounted to $ 699,499 and $ 0 , respectively.

Equipment, Net

Equipment is stated at cost,

net of accumulated depreciation and impairment losses, if any.

Expenditures for maintenance and repairs are expensed as incurred, while

additions, renewals and improvements that extend the useful lives of property and equipment are capitalized.

When assets are retired or

otherwise disposed of, the related cost and accumulated depreciation is removed from the respective accounts, and any resulting gain or

loss is reflected in the consolidated statements of income.

In July 2025, the Company

successfully completed its initial public offering, and the deferred offering costs were reclassified to additional paid-in capital as

a reduction of the IPO proceeds.

As of December 31, 2025 and 2024, deferred IPO costs amounted to $ 0 and $ 699,499 , respectively.

Property and Equipment, Net

Property and equipment are

stated at cost, net of accumulated depreciation and impairment losses, if any.

Expenditures for maintenance and repairs are expensed as

incurred, while additions, renewals and improvements that extend the useful lives of property and equipment are capitalized.

are retired or otherwise disposed of, the related cost and accumulated depreciation is removed from the respective accounts, and any resulting

gain or loss is reflected in the consolidated statements of income.

Depreciation is computed using the straight-line method over the estimated

useful lives of the assets.

Depreciation expense related to furniture and fixtures, office equipment, and vehicle for the years ended

December 31, 2024 and 2023 was $ 18,762 and $ 6,042 , respectively.

The estimated useful lives by asset classification are generally

Furniture and fixtures

Office equipment

For the years ended December 31, 2025 and 2024, depreciation expense amounted to $ 38,881 and $ 18,762 , respectively.

The estimated useful lives by asset classification are generally as follows:

Furniture and fixtures 3 – 7 years

Office equipment 3 – 5 years

Vehicles 5 years

Leasehold improvements Shorter of lease term or useful life

Intangible Assets, Net

Intangible assets consist

primarily of internally developed software and trademarks.

Internally developed software is capitalized in accordance with ASC 350-40,

“Internal-Use Software.” Costs incurred during the application development stage are capitalized and amortized using the straight-line

method over the estimated useful life of the software once the asset is placed in service.

Trademarks are considered indefinite-lived

intangible assets and are not amortized but are evaluated for impairment annually or more frequently if events or changes in circumstances

indicate the asset may be impaired.

In December 2025, the Company

placed into service internally developed software related to its AI-driven real estate platform, including the Linkhome website and the

Linkhome AI mobile application.

The Company capitalized $ 570,000 of development costs associated with the platform and began amortization

when the software was placed into service on December 5, 2025.

The internally developed software is amortized using the straight-line

method over its estimated useful life of five years .

For the year ended December 31, 2025, amortization expense related to the internally

developed software was $ 8,121 .

Investment under Cost Method

The Company accounts for investments

with less than 20 % of the voting shares and does not have the ability to exercise significant influence over the operating and financial

policies of the investee using the cost method.

The Company elects the measurement alternative and records investments in equity securities

at historical cost in its consolidated financial statements.

Such investments are subject to evaluation for impairment.

Dividends received

from the net accumulated earnings of the investee are recognized as income, while dividends received in excess of such earnings are considered

a return of investment and recorded as a reduction of the cost of the investment.

In October 2025, the Company invested $ 50,000 in the common stock of

a privately held company, representing an approximate 2.5 % ownership interest.

As of December 31, 2025, the carrying value of the investment

was $ 50,000 .

No impairment was recorded during the year ended December 31, 2025.

Impairment of Long-Lived Assets

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Prior to January 1,

2024, Linkhome Realty filed its income tax return under Subchapter S of the Internal Revenue Code (“IRS”) as a S-corporation,

2024, Linkhome Realty filed its income tax return under Subchapter S of the Internal Revenue Code (“IRC”) as an S-corporation,

and elected to be taxed as a pass-through entity, for which the income, losses, deductions, and credits flow through to the shareholders

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The Company earns agency

commission revenue, usually at a fixed percentage of property’s selling price, through facilitating the buy or sale of various types

of properties, including residential, commercial, and land parcels.

The Company is considered an agent for these services provided, and

reports service revenue earned through these transactions on a net basis.

Revenue is recognized when the agency service is provided, usually

at the closing of escrow.

The Company’s CEO has

owned his personal real estate salesperson license since 2020 and obtained his personal real estate broker license on August 8, 2023.

Prior to obtaining the broker license, the Company performed real estate transactions as a sales agent under a real estate brokerage firm,

an unrelated third party, and earned sales commissions at fixed rates.

On November 17, 2023, Linkhome Realty obtained a real estate

broker license for the Company.

Thus, the Company gradually transitioned from operating as a sales agent under a third-party real

estate broker to a real estate broker independently.

This transition marks a significant shift in the Company’s business model,

as it no longer relies on other firms to conduct real estate transactions.

commission revenue, usually at a fixed percentage of the property’s selling price, through facilitating the buy or sale of various

types of properties, including residential, commercial, and land parcels.

The Company is considered an agent for these services provided,

and reports service revenue earned through these transactions on a net basis.

Revenue is recognized when the agency service is provided,

usually at the closing of escrow.

Prior to November 17, 2023,

the Company conducted real estate transactions through a licensed third-party brokerage firm.

On November 17, 2023, Linkhome Realty obtained

its own real estate broker license, allowing the Company to conduct brokerage transactions independently.

The Company provides property

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on a gross basis with corresponding costs incurred.

In addition, the Company

collaborates with lending institutions and mortgage brokers to assist clients in seeking and securing mortgage services, and aiding clients

in the process of obtaining loans or financing for property purchases.

The Company receives a referral fee as a percentage of the loan

amount and recognizes revenue when the loan is approved.

In addition, the Company collaborates with lending institutions and

mortgage brokers to assist clients in seeking and securing mortgage services, and aiding clients in the process of obtaining loans or

financing for property purchases.

Revenue is recognized when the related loan transaction is completed and the Company becomes entitled

to the referral fee.

Revenue from Property Purchases and Sales through

The Company’s revenue

from purchases and sales through Cash Offer consists primarily of the Company’s purchasing a hot property in cash and then selling

it to a customer.

The Company purchases a property in cash with ownership transferred to Linkhome Realty.

Subsequently, Linkhome Realty

sells the property to the customer within a short period of time.

Both purchase and sales transactions go through an escrow company.

Company is the principal of these transactions and recognizes revenue and cost when the property purchased is sold and escrow is closed.

This type of revenue does not contain a financing component due to there being no difference between the amount of promised consideration

and the cash selling price of the promised goods or services, and the length of time between when the Company transfers the promised goods

or services to the customer and when the customer pays for those goods is very short, usually within a few weeks or a few months.

The Company’s revenue from purchases and sales through its Cash

Offer program primarily consists of purchasing residential properties and subsequently reselling those properties to customers within

a short period of time.

Under the Cash Offer program, the Company may purchase residential properties using its own capital, with title

transferred to Linkhome Realty, and subsequently resell the properties to customers.

Both purchase and sales transactions go through an

escrow company.

The Company is the principal of these transactions and recognizes revenue and cost when the property purchased is sold

and escrow is closed.

This type of revenue does not contain a financing component due to there being no difference between the amount

of promised consideration and the cash selling price of the promised goods or services, and the length of time between when the Company

transfers the promised goods or services to the customer and when the customer pays for those goods is very short, usually within a few weeks

or a few months.

Disaggregation of Revenue

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Segment Information

FASB ASC Topic 280,

“Segment Reporting,” requires use of the “management approach” model for segment reporting.

The management approach

model is based on the method a company’s management organizes segments within the company for making operating decisions and assessing

Reportable segments are based on products and services, geography, legal structure, management structure, or any other manners

in which management disaggregates a company.

Management has determined the Company’s current operations constitute a single reportable

segment in accordance with ASC 280.

The Company’s only business and industry segment is real-estate industry, mainly including

two revenue streams:

(i) revenue from the Company’s purchases and sales through Cash Offer, and (ii) real estate services

including real estate agency for buying and selling properties, property management, home renovation and mortgage referral services.

All customers of the Company

resided within the United States, where all revenues were generated for the years ended December 31, 2024 and 2023.

Additionally,

all properties purchased and sold by the Company were situated within the United States.

Therefore, no geographical segments are

On October 1, 2024, the Company

adopted ASU 2023-07, “Segment Reporting (Topic 280):

Improvements to Reportable Segment Disclosures.” The Company applies

the “management approach” to identify operating segments, as required by ASC 280-10-50.

Under this approach, operating segments

are components of the business whose operating results are regularly reviewed by the chief operating decision maker (“CODM”)

to assess performance and allocate resources.

The Company’s CODM is the senior executive committee, which includes the Chief Executive

Officer and the Chief Financial Officer.

The CODM manages the Company’s

operations as a single operating and reportable segment, referred to as the Real Estate Solutions segment, which includes all activities

related to the Company’s integrated real estate platform.

The Company manages its business activities on a consolidated basis, including

two principal business lines:

(1) Cash Offer transactions, in which the Company purchases and resells properties for customers;

real estate services, including real estate agency services, property management services, home renovation services, and mortgage referral

See “ Revenue Recognition ” for a breakdown of revenues by stream.

The accounting policies of

the Real Estate Solutions segment are the same as those described elsewhere in the summary of significant accounting policies.

assesses segment performance and allocates resources primarily based on consolidated net income, which is also reported in the Company’s

consolidated statements of income.

The CODM does not review segment assets or liabilities separately and receives financial reporting

on a consolidated basis.

Net income is used by the

CODM to evaluate the return on segment assets and determine whether to reinvest profits in the business, fund acquisitions, or return

capital to shareholders.

Net income is also used to compare actual performance against budget and to benchmark the Company’s performance

against industry peers.

These evaluations form the basis for internal performance assessments and management compensation decisions.

The following table presents

the segment revenues, segment profit or loss, and significant segment expenses included in the measure of segment performance for the

years ended December 31, 2025 and 2024:

Segment revenues (1)

Cost of revenues

Segment gross profit

Payroll and payroll tax expenses

Legal and accounting expenses

Other segment items (2)

Depreciation and amortization

Interest expense

Income tax expense

Segment net income

Reconciliation of profit or loss

Adjustments and reconciling items

Consolidated net income

(1) Segment revenues represent revenues from external customers and are consistent with consolidated net revenues as reported in the Company’s consolidated statements of income.

The Company had no intersegment sales during the periods presented.

(2) Other segment items include marketing expenses, insurance expenses, office expenses, and other overhead expenses.

The following table presents

segment assets and expenditures for segment assets.

Segment assets are reviewed on a consolidated basis and reflect total consolidated

assets as reported in the Company’s consolidated balance sheets.

Expenditures for segment assets include additions to long-lived assets.

Segment assets

Expenditures for segment assets (1)

(1) Expenditures for segment assets represent capital expenditures, including purchases of property and equipment and capitalized intangible assets.

All of the Company’s

revenues and long-lived assets were attributable to operations in the United States for the years ended December 31, 2025 and

All customers resided in the United States, and all properties purchased and sold by the Company were located in the United States.

Therefore, no geographical disaggregation is presented.

For the year ended December

31, 2025, revenues from two customers accounted for approximately 12.02 % and 10.89 % of the Company’s total revenues, respectively.

For the year ended December 31, 2024, revenues from two related-party customers accounted for approximately 40.13 % and 23.10 % of the Company’s

total revenues, respectively.

Concentration of Credit Risk

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The fair value hierarchy consists of the following three levels (Level 1 is the highest priority and Level 3 is the lowest

1 — Observable inputs that reflect quoted prices for identical assets or liabilities in active markets.

2 — Inputs other than quoted prices included in Level 1 that are observable for the asset or liability either directly or

indirectly, including quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets

or liabilities in inactive markets, or other observable inputs that can be corroborated by observable market data.

3 — Unobservable inputs that are not supported by market data.

Unobservable inputs are developed based on the best information

available, which might include the Company’s own data.

Level 1 — Observable inputs that reflect quoted prices for identical assets or liabilities in active markets.

Level 2 — Inputs other than quoted prices included in Level 1 that are observable for the asset or liability either directly or indirectly, including quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in inactive markets, or other observable inputs that can be corroborated by observable market data.

Level 3 — Unobservable inputs that are not supported by market data.

Unobservable inputs are developed based on the best information available, which might include the Company’s own data.

As of December 31, 2025 and

2023, the Company did not identify any assets and liabilities that were required to be re-measured at fair value.

The carrying values

of financial instruments included in current assets and current liabilities approximated their fair values because of their short maturities.

2024, the Company did not have any assets or liabilities that were required to be remeasured at fair value on a recurring basis.

values of financial instruments included in current assets and current liabilities approximate their fair values because of their short

Under ASC 842, “Leases,”

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Earnings per Share

Basic earnings per ordinary

share is computed by dividing net income attributable to ordinary shareholders by the weighted-average number of ordinary shares

outstanding during the period.

Diluted earnings per share is computed by dividing net income attributable to ordinary shareholders by

the sum of the weighted average number of ordinary shares outstanding and of potential ordinary shares (e.g., convertible securities,

options and warrants) as if they had been converted at the beginning of the periods presented, or issuance date, if later.

Potential ordinary

shares that have an anti-dilutive effect (i.e., those that increase income per share or decrease loss per share) are excluded from

the calculation of diluted loss per share.

For the years ended December 31, 2024 and 2023, the Company had no dilutive stocks.

Basic earnings per share

is computed by dividing net income attributable to common shareholders by the weighted-average number of common shares outstanding during

Diluted earnings per share is computed by dividing net income attributable to common shareholders by the weighted-average

number of common shares outstanding and potential common shares (e.g., convertible securities, options and warrants) as if they had been

converted at the beginning of the periods presented, or issuance date, if later.

Potential common shares that have an anti-dilutive effect

(i.e., those that increase earnings per share or decrease loss per share) are excluded from the calculation of diluted earnings per share.

For the years ended December 31, 2025 and 2024, the Company had no dilutive securities.

Commitments and Contingencies

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2024, the Company had no such contingencies.

In December 2025, the Company

received $ 1,500,085 from a third party in connection with a proposed real estate investment.

The transaction was cancelled on December

31, 2025, and the Company recorded a liability for the full amount as of December 31, 2025.

The amount was repaid in full on January 2,

See Note 7 – Other Current Liabilities for additional information.

New Accounting Pronouncements

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for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024.

adopted ASU 2023-07 in the fourth quarter of 2024 and the adoption did not have a material impact on its consolidated financial statements

and related disclosures.

adopted ASU 2023-07 for the year ended December 31, 2024, and the adoption did not have a material impact on its consolidated financial

statements and related disclosures.

In December 2023, the FASB

issued ASU 2023-09, “Income Taxes (Topic 740):

Improvements to Income Tax Disclosures,” which requires enhanced income tax

disclosures, including additional information in the rate reconciliation and income taxes paid by jurisdiction.

ASU 2023-09 is

effective for fiscal years beginning after December 15, 2024.

The Company adopted ASU 2023-09 for the year ended December 31,

2025, and the adoption did not have a material impact on its consolidated financial statements and related disclosures.

Recent Accounting Pronouncements Pending Adoption

In December 2023, the

FASB issued ASU 2023-09, “Income Taxes (Topic 740):

Improvements to Income Tax Disclosures,” which requires disclosure

of incremental income tax information within the rate reconciliation and expanded disclosures of income taxes paid, among other disclosure

requirements.

ASU 2023-09 is effective for fiscal years beginning after December 15, 2024.

Early adoption is permitted.

The Company is evaluating the impact that ASU 2023-09 will have on its consolidated financial statements and related disclosures.

In November 2024, the FASB

issued ASU 2024-03, “Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40),”

Disaggregation of Income Statement Expenses.” This ASU requires public business entities to disclose additional information about

specific expense categories in the notes to financial statements at interim and annual reporting periods.

This guidance is effective for

fiscal years beginning after December 15, 2026, and interim periods within fiscal years beginning after December 15, 2027 with early adoption

These requirements should be applied on a prospective basis with an option to apply them retrospectively.

The Company is evaluating

the impact that ASU 2024-03 will have on its consolidated financial statements and related disclosures.

which is intended to improve disclosures about a public business entity’s expenses and provide more detailed information about the

nature of expenses included in commonly presented expense captions, such as cost of revenues and selling, general and administrative expenses.

The amendments require entities to disclose, in the notes to the financial statements, specified information about certain expense categories,

including employee compensation, depreciation, and amortization, within relevant income statement captions.

The amendments also require

tabular disclosures of such disaggregated expense information, as well as qualitative descriptions of the remaining amounts not separately

disaggregated.

In January 2025, the FASB

issued ASU 2025-01, which clarifies the effective date of ASU 2024-03.

As clarified, the amendments are effective for annual reporting

periods beginning after December 15, 2026, and interim reporting periods within annual reporting periods beginning after December 15,

Early adoption is permitted.

The Company is currently evaluating the impact that the adoption of ASU 2024-03 will have on its consolidated

financial statements and related disclosures.

The Company does not believe

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consolidated financial statements or related disclosures.

NOTE 3 — ACCOUNTS RECEIVABLE, NET

Reclassification

Certain prior year amounts

have been reclassified to conform to the current year presentation.

Specifically, offering costs of $ 699,499 previously presented within

operating activities in the consolidated statement of cash flows for the year ended December 31, 2024 have been reclassified to financing

activities to conform to the current year presentation.

This reclassification had no impact on net income or total cash flows.

NOTE 3 — ACCOUNTS RECEIVABLE

Accounts receivable, net

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allowance for credit losses

Accounts receivable, net

For the year ended December

31, 2024, the Company wrote off accounts receivable of $ 9,092 against the allowance for credit losses.

NOTE 4 — PREPAID EXPENSES AND OTHER

As of December 31, 2024,

prepaid expenses and other receivables totaled $ 27,979 , consisting of $ 23,000 in advance payments to consultants for future services

and $ 4,979 in other receivables.

As of December 31, 2023,

prepaid expenses and other receivables totaled $ 25,008 , primarily related to an advance payment to the auditor for the audit of the Company’s

financial statements in preparation for its Initial Public Offering (“IPO”).

NOTE 5 — EQUIPMENT, NET

Equipment, net consisted

of the following as of December 31, 2024 and 2023:

Accounts receivable

NOTE 4 — PROPERTY AND EQUIPMENT,

Property and equipment,

net consisted of the following as of December 31, 2025 and 2024:

Furniture and fixtures

Office equipment

Leasehold improvements

accumulated depreciation

Equipment, net

Depreciation expense for

the years ended December 31, 2024 and 2023 was $ 18,762 and $ 6,042 , respectively.

NOTE 6 — SECURITY DEPOSITS

As of December 31, 2024

and 2023, security deposits totaled $ 4,235 , consisting of a refundable deposit paid to the landlord.

Property and equipment, net

For the years ended December

31, 2025 and 2024, depreciation expense amounted to $ 38,881 and $ 18,762 , respectively.

NOTE 5 — INTANGIBLE ASSETS, NET

Intangible assets, net consisted

of the following as of December 31, 2025 and 2024:

Internally developed software

accumulated amortization

Intangible assets, net

In December 2025, the Company

placed into service internally developed software related to its AI-driven real estate platform, including the Linkhome website and the

Linkhome AI mobile application.

The Company capitalized $ 570,000 of total development costs associated with the platform and began amortization

when the software was placed into service on December 5, 2025.

The internally developed

software is amortized using the straight-line method over its estimated useful life of five years .

Amortization expense related to the

internally developed software for the year ended December 31, 2025 was $ 8,121 .

No amortization expense was recognized during the year

ended December 31, 2024.

The following table presents

the estimated future amortization expense related to finite-lived intangible assets as of December 31, 2025:

Year Ended December 31,

Trademarks are considered

indefinite-lived intangible assets and are not amortized but are evaluated for impairment annually or more frequently if events or changes

in circumstances indicate that the asset may be impaired.

NOTE 6 — LONG-TERM PREPAID EXPENSES, NET

Long-term prepaid expenses

consist of advance payments for services to be received beyond one year .

In July 2025, the Company

entered into a financing advisory agreement with a third-party advisor for a five-year term.

Under the agreement, the Company made a one-time

prepaid advisory fee of $ 675,000 .

The prepaid advisory fee is being amortized on a straight-line basis over the contractual service period

and recognized as general and administrative expense in the consolidated statements of income.

The unamortized balance of the prepaid

advisory fee was $ 617,625 as of December 31, 2025.

NOTE 7 — OTHER CURRENT LIABILITIES

Other current liabilities

consisted of the following as of December 31, 2024 and 2023:

Other current liabilities consisted

of the following as of December 31, 2025 and 2024:

Payroll and payroll tax payable

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Credit card payable

Accrued professional fees

Accrued expenses

Tenant-contributed emergency reserve

Other payable

Total other current liabilities

As of December 31, 2025,

accrued professional fees consisted of legal fees of $ 450,000 , audit fees of $ 12,000 , and miscellaneous fees of $ 40,942 .

accrued expenses totaled $ 50,614 , consisting primarily of legal fees of $ 32,500 and miscellaneous expenses of $ 18,114 .

As of December

31, 2024, accrued expenses totaled $ 502,942 , consisting of legal fees of $ 450,000 , audit fees of $ 12,000 , and miscellaneous expenses of

In December 2025, the Company

received $ 1,500,085 from a third party in connection with a proposed joint real estate investment.

The funds were intended to be used

toward the acquisition of a property for investment purposes.

The transaction was cancelled on December 31, 2025, and the Company recognized

a liability for the full amount as of December 31, 2025, which is included in other current liabilities.

The amount was repaid in full

on January 2, 2026.

NOTE 8 — AUTO LOAN PAYABLE

On September 3, 2023,

the Company entered into a loan agreement with an unrelated third party for acquiring a vehicle.

On September 3, 2023, the

Company entered into a loan agreement with an unrelated third party for acquiring a vehicle.

The auto loan, in the form of a promissory

note, matures on September 18, 2029 and bears interest at a rate of 6.34 % per annum, payable monthly beginning October 18, 2023.

Interest expense for this loan for the years ended December 31, 2024 and 2023 was $ 3,021 and $ 967 , respectively.

years ended December 31, 2025 and 2024, interest expense related to this loan amounted to $ 2,527 and $ 3,021 , respectively.

NOTE 9 — LEASE

On July 31, 2023, the

Company entered into a lease agreement for an office in Irvine, California with a lease term of 24 months, commencing on September 1,

2023 and expiring on August 31, 2025 .

The initial monthly rental payment is $ 3,708 from September 1, 2023 to August 31,

2024, with an annual 3.85 % increase to the amount of $ 3,850 starting on September 1, 2024.

The Company previously leased

office space in Irvine, California under a lease agreement entered into on July 31, 2023 with a lease term of 24 months, commencing on

September 1, 2023 and expiring on August 31, 2025 .

The initial monthly rental payment was $ 3,708 from September 1, 2023 to August 31,

2024, with an annual 3.85 % increase to $ 3,850 beginning on September 1, 2024.

In August 2025, the Company

entered into a sublease agreement for office space located at 17901 Von Karman Avenue in Irvine, California with a lease term of approximately

42 months, commencing on September 1, 2025 and expiring on February 28, 2029 .

The monthly base rent under the sublease is $ 11,084.80 .

In July and August 2025,

the Company entered into several operating lease arrangements related to technology infrastructure and digital assets used in its operations,

including AI computing servers, database and content delivery network services, and the domain name “Linkhome.ai.” These leases

generally have contractual terms ranging from 10 to 20 years.

Certain of these leases required upfront payments at the commencement of

the lease term.

As a result, the Company recognized right-of-use assets associated with the prepaid lease payments, which are recognized

as lease expense over the respective lease terms.

The following tables present

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Effective July 13, 2021,

Linkhome Realty elected to be taxed as a S-corporation, a pass-through entity, for which the income, losses, deductions, and credits

Linkhome Realty elected to be taxed as an S-corporation, a pass-through entity, for which the income, losses, deductions, and credits

flow through to the shareholders of the Company for federal tax purposes.

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federal income tax return.

As a result, Linkhome Holdings’ net operating losses (“NOLs”) can be used to offset Linkhome Realty’s

taxable income, reducing the Company’s overall tax liability.

As a result, Linkhome Holdings’ net operating losses (“NOLs”) can be used to offset Linkhome

Realty’s taxable income, reducing the Company’s overall tax liability.

The Company’s provision

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State income tax expense

Total income tax expenses

Federal income tax benefit

State income tax benefit

Adjustments related to prior-year tax returns

Total income tax expense

The following tables reconciled

the federal statutory rate to the Company’s effective tax rate for the year ended December 31, 2024 after Linkhome Realty’s

tax status changed to C-corporation:

the federal statutory income tax rate to the Company’s effective tax rate for the years ended December 31, 2025 and 2024:

Federal statutory income tax rate

State statutory income tax rate, net of effect of state income tax deductible to federal income tax

State statutory income tax rate, net of federal benefit

Permanent difference (non-deductible expenses)

Prior-year return-to-provision adjustment

Effective tax rate

As of December 31, 2025 and

2023, the Company had no deferred tax assets or deferred tax liabilities.

2024, the net deferred tax assets consisted of the following:

Deferred tax assets:

Capital loss carryforward

valuation allowance

Deferred tax assets, net

The Company evaluates its

valuation allowance requirements at the end of each reporting period by reviewing all available evidence, both positive and negative,

and assessing whether, based on the weight of that evidence, a valuation allowance is needed.

As of December 31, 2025, the Company had

deferred tax assets of $ 742 related to capital loss carryforwards generated from realized losses on trading securities.

Management evaluated

the available evidence regarding the realizability of this deferred tax asset and concluded that a valuation allowance was not required

as of December 31, 2025.

NOTE 11 — RELATED PARTY TRANSACTIONS

Net Revenues — Related Party

Name of Related Party Nature Relationship Year

Haiyan Ma Revenue from property purchases and sales through Cash Offer The Company’s shareholder with 12.41% ownership $ 2,940,544 $ 1,069,072

Haiyan Ma Real estate service revenue – real estate agency commission The Company’s shareholder with 12.41% ownership 62,650 —

Haiyan Ma Real estate service revenue – home renovation service The Company’s shareholder with 12.41% ownership 53,012 —

Na Li Revenue from property purchases and sales through Cash Offer The Company’s shareholder with 1.72% ownership, Chief Financial Officer, and Director 1,670,000 —

Na Li Real estate service revenue – home renovation service The Company’s shareholder with 1.72% ownership, Chief Financial Officer, and Director 64,500 —

Name of Related Party Nature Relationship Year Ended

2025 Year Ended

Haiyan Ma Revenue from property purchases and sales through Cash Offer The Company’s shareholder $ —

Haiyan Ma Real estate service revenue – real estate agency commission The Company’s shareholder —

Haiyan Ma Real estate service revenue – home renovation service The Company’s shareholder —

Na Li Revenue from property purchases and sales through Cash Offer Chief Financial Officer and Director —

Na Li Real estate service revenue – home renovation service Chief Financial Officer and Director —

Na Li Real estate service revenue – real estate agency commission Chief Financial Officer and Director 97,560 —

Zhen Qin & Na Li Real estate service revenue – real estate agency commission Zhen Qin:

The Company’s shareholder with 52.74% ownership, Chairman of the Board, and Chief Executive Officer;

The Company’s shareholder with 1.72% ownership, Chief Financial Officer, and Director;

The Company’s major shareholder, Chairman of the Board and Chief Executive Officer;

Chief Financial Officer and Director;

Zhen Qin and Na Li are spouses —

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For the year ended December

31, 2024, the Company purchased three properties in cash for $ 2,884,882 from unrelated parties under its name and subsequently sold

them to Haiyan Ma for $ 2,940,544 .

For the year ended December 31, 2023, the Company purchased one property in cash for $ 1,056,370 from

an unrelated party under its name and subsequently sold it to Haiyan Ma for $ 1,069,072 .

31, 2025, the Company provided real estate agency services to Na Li, assisting with the sale of one property.

The Company earned $ 126,000

in real estate agency commission from Na Li but paid a referral fee of $ 28,440 to Haiyan Ma for introducing the buyer, resulting in net

revenue of $ 97,560 recognized by the Company.

For the year ended December

31, 2024, the Company purchased three properties in cash for $ 2,884,882 from unrelated parties under its name and subsequently sold them

to Haiyan Ma for $ 2,940,544 .

For the year ended December

31, 2024, the Company provided real estate agency services to Haiyan Ma, assisting with the sale of two properties and the purchase of

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For the year ended December

31, 2024, the Company provided home renovation services to Haiyan Ma on three home renovation projects, for which the Company earned $ 53,012 in

home renovation service revenue and incurred $ 43,332 in renovation costs.

31, 2024, the Company provided home renovation services to Haiyan Ma on three home renovation projects, for which the Company earned $ 53,012

in home renovation service revenue and incurred $ 43,332 in renovation costs.

For the year ended December

31, 2024, the Company purchased a property in cash for $ 1,425,930 from Haiyan Ma under its name and subsequently sold it to Na Li

for $ 1,670,000 .

31, 2024, the Company purchased a property in cash for $ 1,425,930 from Haiyan Ma under its name and subsequently sold it to Na Li for

$ 1,670,000 .

For the year ended December

31, 2024, the Company provided home renovation services to Na Li on four home renovation projects, for which the Company earned $ 64,500 in

home renovation service revenue and incurred $ 56,769 in renovation costs.

31, 2024, the Company provided home renovation services to Na Li on four home renovation projects, for which the Company earned $ 64,500

in home renovation service revenue and incurred $ 56,769 in renovation costs.

For the year ended December

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31, 2024, the Company provided real estate agency services to two minority shareholders, assisting one shareholder with selling a property

and the other shareholder with purchasing a property, for which the Company earned a total of $ 15,550 in real estate agency commission.

and the other shareholder with purchasing a property, for which the Company earned real estate agency commission of $ 15,550 in total.

For the year ended December

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Name of Related Party

Nature Relationship Year

Haiyan Ma Cost of property purchases and sales through Cash Offer The Company’s shareholder with 12.41% ownership $ 1,420,000 $ —

Zhen Qin Cost of real estate services – commission expense The Company’s shareholder with 52.74% ownership, Chairman of the Board and Chief Executive Officer — 61,400

Nature Relationship Year Ended

2025 Year Ended

Haiyan Ma Cost of property purchases and sales through Cash Offer The Company’s shareholder $ —

Na Li Cost of real estate services – commission expense Chief Financial Officer and Director 45,000 —

Total $ 45,000 $ 1,420,000

For the year ended December

31, 2025, the Company incurred commission expenses of $ 45,000 paid to Na Li in connection with real estate transactions.

This amount was

recorded in cost of revenues.

For the year ended December

31, 2024, the Company purchased a property in cash for $ 1,425,930 from Haiyan Ma, which included $ 1,420,000 paid to Haiyan Ma

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identified as a related party transaction.

For the year ended December

31, 2023, the Company incurred commission expenses of $ 61,400 , which were paid to Zhen Qin for real estate transactions conducted on behalf

of the Company.

This amount was recorded in cost of revenues.

Due to Related Party

Name of Related Party

Nature Relationship December 31,

Name of Related Party Nature Relationship December 31,

2025 December 31,

Zhen Qin Due on demand, non-interest bearing The Company’s shareholder with 52.74% ownership, Chairman of the Board and Chief Executive Officer $ 55,000 $ —

Zhen Qin Due on demand, non-interest bearing The Company’s major shareholder, Chairman of the Board and Chief Executive Officer $ — $ 55,000

Total $ — $ 55,000

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Qin lent $ 530,000 to the Company to support its operational needs.

As of December 31, 2024, the Company repaid $ 475,000 to Zhen

Qin, and there was an outstanding balance of $ 55,000 .

As of December 31, 2025, the Company had fully repaid the outstanding

balance to Zhen Qin, resulting in no amount due to the related party.

As of December 31, 2024, the Company had repaid $ 475,000 to

Zhen Qin, leaving an outstanding balance of $ 55,000 .

NOTE 12 — STOCKHOLDERS’ EQUITY

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in the State of Nevada on November 6, 2023.

The authorized number of common shares is 100,000,000 shares with $ 0.001 par

13,500,000 common shares were issued and outstanding upon reorganization that was completed on December 1, 2023,

including the 1,800,000 shares of the angel investor described above.

The authorized number of preferred shares is 1,000,000 shares

with $ 0.001 par value;

no shares were issued as of December 31, 2024 and 2023.

For the year ended December

31, 2024, the Company entered into a series of stock subscription agreements with individual investors to issue 1,005,000 common

shares at a range of per share prices from $ 0.50 – $ 1.00 for total proceeds of $ 980,000 .

As a result, the Company

had 14,505,000 common shares issued and outstanding as of December 31, 2024.

The authorized number of preferred shares is 1,000,000 shares with $ 0.001 par value;

shares were issued or outstanding as of December 31, 2025 and 2024.

The authorized number of common shares is 100,000,000 shares with

$ 0.001 par value.

As of December 31, 2025 and 2024, the Company had 16,230,000 and 14,505,000 common shares issued and outstanding, respectively,

including 1,800,000 shares issued to the angel investor under the reorganization described above.

In July 2025, the Company completed its initial public offering of

1,725,000 shares of common stock (including the full exercise of the over-allotment option) at a public offering price of $ 4.00 per share.

The offering closed on July 25, 2025, and the Company received gross proceeds of $ 6,900,000 .

Underwriting discounts and offering expenses

totaling $ 697,000 were deducted from the gross proceeds at closing, resulting in net proceeds of $ 6,203,000 received by the Company.

proceeds were recorded in common stock and additional paid-in capital, with offering costs recorded as a reduction of additional paid-in

NOTE 13 — SUBSEQUENT EVENTS

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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-K

Item 9A. Controls and Procedures