What changed in this filing

/stocks — the workspaceLOADING

Item 1. Financial Statements

2026-05-20 compared with 2026-02-20 · 189 added, 138 removed, 497 unchanged (40% of the section changed)

3 unchanged sentences

AND SUBSIDIARIES

Consolidated Balance Sheets as of December 31, 2025 (Unaudited) and September 30, 202 5

Consolidated Statements of Operations and Comprehensive Income for the Three Months Ended December 31, 2025 and 2024 (Unaudited)

Consolidated Statements of Changes in Shareholders’ Deficit for the Three Months Ended December 31, 2025 and 2024 (Unaudited)

Consolidated Statements of Cash Flows for the Three Months Ended December 31, 2025 and 2024 (Unaudited)

Balance Sheets as of March 31, 2026 (Unaudited) and September 30, 2025

Consolidated Statements of Operations and Comprehensive Income for the Three and Six Months Ended March 31, 2026 and 2025 (Unaudited)

Consolidated Statements of Changes in Shareholders’ Deficit for the Six Months Ended March 31, 2026 and 2025 (Unaudited)

Consolidated Statements of Cash Flows for the Six Months Ended March 31, 2026 and 2025 (Unaudited)

Notes to Consolidated Financial Statements (Unaudited)

7 unchanged sentences

Receivable from payment collection service institution

Inventories - Finished Goods

Other receivables

14 unchanged sentences

Total current liabilities

Operating lease liabilities

Total liabilities

1 unchanged sentence

Preferred stock;

$ 0.001 par value, 1,000,000 shares authorized, no shares issued and outstanding at December 31, 2025 and at September 30, 2025

$ 0.001 par value, 1,000,000 shares authorized, no shares issued and outstanding at March 31, 2026 and at September 30, 2025

Common stock;

$ 0.001 par value, 150,000,000 shares authorized;

60,500,000 shares issued and outstanding at December 31, 2025 and at September 30, 2025

64,125,000 and 60,500,000 shares issued and outstanding at March 31, 2026 and September 30, 2025, respectively

Additional paid-in capital

Retained earnings (Accumulated deficit)

Accumulated other comprehensive income

Accumulated deficit

Accumulated other comprehensive income (loss)

Total stockholders’ equity (deficit)

6 unchanged sentences

For the Three Months Ended

For the Six Months Ended

Cost of revenue

3 unchanged sentences

Income before provision for income taxes

Provision for income taxes/expense (benefit)

Net income / (loss)

Provision for income taxes

$ ( 205,688 )

$ ( 125,266 )

$ ( 326,289 )

Comprehensive income:

Net income / (loss)

$ ( 205,688 )

$ ( 125,266 )

$ ( 326,289 )

Foreign currency translation adjustment

Comprehensive income / (loss)

Comprehensive income

$ ( 201,531 )

Basic and diluted eaming per share

$ ( 123,431 )

$ ( 319,015 )

Basic and diluted earnings per share

Weighted average number of shares outstanding

1 unchanged sentence

of these consolidated financial statements

MAITONG SUNSHINE CULTURAL DEVELOPMENT CO., LIMITED

AND SUBSIDIARIES

MAITONG SUNSHINE CULTURAL DEVELOPMENT CO.,

LIMITED AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’

4 unchanged sentences

Balance at September 30, 2024

Capital subscription received

Foreign currency translation adjustment

Balance at December 31, 2024

Shares issued

Foreign currency translation adjustment

Balance at March 31, 2025

Stockholders’

2 unchanged sentences

Balance at September 30, 2025

Net profit (loss)

Foreign currency translation adjustment

1 unchanged sentence

$ ( 213,142 )

Net profit (loss)

Share-based compensation in exchange for services from employees and directors

Exchange rate reclassification

Foreign currency translation adjustment

Balance at March 31, 2026

$ ( 419,097 )

$ ( 192,747 )

The accompanying notes

are an integral part of these condensed consolidated financil statements

are an integral part of these condensed consolidated financial statements

MAITONG SUNSHINE CULTURAL DEVELOPMENT CO., LIMITED

2 unchanged sentences

(UNAUDITED) (EXPRESSED IN US DOLLARS)

For the Three Months Ended

For the Six Months Ended

Cash Flows from Operating Activities

Net income / (loss)

Income / (Loss) before provision for income taxes

$ ( 326,757 )

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

Adjustments to reconcile net loss to net cash used in operating activities:

Depreciation and amortization

1 unchanged sentence

Interest expense

Share based compensation expenses

Changes in operating assets and liabilities:

Receivable from payment collection service institution

Other receivable

Accounts payable

Deferred Tax Liability

Customer deposits

Other receivable

Receivable from payment collection service institution

Accrued expenses

Deferred Tax Liability

Lease payment

2 unchanged sentences

Net cash provided by (used in) operating activities

Cash Flows from Investing Activities

Purchase of fixed assets

Net cash (used in) investing activities

Cash Flows from Financing Activities

1 unchanged sentence

Net cash provided by financing activities

Effect of exchange rate fluctuation on cash, cash equivalents and restricted cash

Net increase in cash, cash equivalents and restricted cash

Cash and cash equivalents, beginning of period

Cash and cash equivalents, end of period

Effect of exchange rate fluctuation on cash and cash equivalents and restricted cash

Net increase (decrease) in cash and cash equivalents and restricted cash

Cash and cash equivalents and restricted cash , beginning of year

Cash and cash equivalents and restricted cash, end of period

Supplemental disclosure of cash flow information

3 unchanged sentences

Right-of-use assets and related lease liabilities

Reconciliation of cash, cash equivalents, and restricted

cash reported in the statement of financial position

Cash and cash equivalents

Restricted cash

Total cash, cash equivalents, and restricted cash shown in the statement of cash flows

The accompanying notes are an integral part

3 unchanged sentences

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED) (EXPRESSED

IN US DOLLARS)

SIX MONTHS ENDED MARCH 31, 2026 AND 2025

(UNAUDITED) (AMOUNTS IN US DOLLARS)

NATURE OF OPERATIONS AND BASIS OF PRESENTATION

2 unchanged sentences

was incorporated in the State of Nevada on October 26, 2023.

MGSD through its operating subsidiary, which has

headquarters in Beijing, China, provides cultural tourism and products sales, and plans to market arts expositions.

MGSD through its operating subsidiary Tongzhilian, which has headquarters

in Jiaxing, China, has provided cultural tourism (including Education Tours and Family Tours) and the sale of gift products, Chinese cultural

and creative products, as well as a hotel reservation service.

MGSD plans to market arts expositions in the future.

The Company currently

5 unchanged sentences

MGSD Samoa holds a 100 % interest in MGSD HK.

Beijing Tongzhilian Cultural Development Co., Limited (“Tongzhilian”) is a privately held Limited Company that was approved on September 13, 2023 and registered on October 11, 2023 in Beijing, China.

Jiaxing Tongzhilian Cultural Development Co., Limited (“Tongzhilian”) is a privately held Limited Company that was approved on September 13, 2023 and registered on October 11, 2023 in Beijing, China.

On March 13, 2026, the Company changed its name from “BeiJing Tongzhilian Cultural Development Co., Limited” to “Jiaxing Tongzhilian Cultural Development Co., Limited”, and relocated its address to Jiaxing, Zhejiang.

MGSD HK holds a 100 % interest in Tongzhilian.

6 unchanged sentences

included in the Company’s financial statements for all periods.

MAITONG SUNSHINE CULTURAL DEVELOPMENT CO., LIMITED

AND SUBSIDIARIES

MAITONG SUNSHINE CULTURAL DEVELOPMENT CO.,

LIMITED AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

SIX MONTHS ENDED MARCH 31, 2026 AND 2025

(UNAUDITED) (AMOUNTS IN US DOLLARS)

10 unchanged sentences

include 100 % of assets, liabilities, and net income or loss of these subsidiaries.

MGSD’s subsidiaries as of December 31, 2025 and September 30,

2025 are listed as follows:

Name Place of Incorporation Attributable

MGSD’s subsidiaries as of March 31, 2026 are listed as follows:

Name Place of

Incorporation Attributable

interest % Authorized

1 unchanged sentence

Maitong Sunshine Cultural Development Co., Limited Hong Kong 100 HKD 10,000

Beijing Tongzhilian Cultural Development Co., Ltd China 100 HKD 1,000,000

Jiaxing Tongzhilian Cultural Development Co., Ltd China 100 RMB 1,000,000

Use of estimates

26 unchanged sentences

the translation are recorded as a separate component of accumulated other comprehensive income or expense.

Going concern

The Company incurred net losses of US$ 120,601 and a net operating

cash outflow of US$ 22,425 for the three months period ended December 31, 2025.

As of December 31, 2025, the Company had cash and cash

equivalents of US$ 32,914 and recorded a stockholders deficit, these facts raise a substantial doubt about its ability to continue as

a going concern,

Management is implementing measures to improve operational efficiency

and generate additional revenue, including:

Expanding product offerings to include more standardized and value-oriented

travel packages, along with upstream/downstream collaborations;

Enhancing employee training to improve service quality and customer

satisfaction;

Pursuing cross-industry partnerships (e.g., knowledge-based experiences)

to diversify revenue streams.

These initiatives are intended to enhance profitability and support

the Company’s continued operations.

However, there can be no assurance that these efforts will be sufficient to resolve the financial

MAITONG SUNSHINE CULTURAL DEVELOPMENT CO., LIMITED

1 unchanged sentence

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

SIX MONTHS ENDED MARCH 31, 2026 AND 2025

(UNAUDITED) (AMOUNTS IN US DOLLARS)

6 unchanged sentences

For the Three Months Ended

March 31, For the Six Months Ended

2026 2025 2026 2025

USD to HKD) (USD to RMB/

Assets and liabilities period end exchange rate 6.9194 / 6.9367 7.2579 / 7.7793 6.9194 / 7.0010 7.2579 / 7.7793

19 unchanged sentences

that its accounts receivable credit risk exposure beyond such allowance is limited.

three months ended December 31, 2025, the Company had four major customers that each accounted for over 10% of its total revenue.

the three months ended December 31, 2024, the Company did not have a single customer that accounted for more than 10% of its total revenue.

For the Three Months

Ended December 31, 2025

For the Three Months

Ended December 31, 2024

During the six-month period

ending on March 31, 2026, the company had four customers whose revenue accounted for more than 10% of the Company’s total revenue.

However, for the six-month period ending on March 31, 2025, there was no record of any single customer contributing more than 10% of

the company’s revenue.

For the Six Months Ended

Percentage of

the three-month period ending on March 31, 2026, the company had one customer whose revenue accounted for more than 10% of the Company’s

total revenue.

However, for the three-month period ending on March 31, 2025, there was no record of any single customer contributing

more than 10% of the company’s revenue.

For the Three Months Ended

Percentage of

MAITONG SUNSHINE CULTURAL DEVELOPMENT CO., LIMITED

1 unchanged sentence

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

SIX MONTHS ENDED MARCH 31, 2026 AND 2025

(UNAUDITED) (AMOUNTS IN US DOLLARS)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

For the three months ended December

31, 2025, the Company had four major suppliers that each accounted for over 10% of its total cost of revenue.

For the three months

ended December 31, 2024, the Company had one major supplier that accounted for over 10% of its total cost of revenue.

For the six-month periods ended

March 31, 2026 and March 31, 2025, the Company had 4 major suppliers and 1 major supplier, respectively, each accounting for more than

10% of the Company’s total cost of revenue.

For the Six Months Ended

Percentage of

For the three-month periods ended March 31, 2026 and 2025, the Company

had 3 and 2 major suppliers in each respective year, and the purchase amount from each of these suppliers accounted for more than 10%

of the Company’s total revenue .

For the Three Months Ended

December 31, 2025

For the Three Months Ended

December 31, 2024

Percentage of

Cost of revenue

Fair value measurements

The Company applies the provisions of the Financial Accounting

Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Section 820, Fair Value

Measurements (“ASC 820”), for fair value measurements of financial assets and financial liabilities and for fair

value measurements of nonfinancial items that are recognized or disclosed at fair value in the financial statements.

establishes a framework for measuring fair value and expands disclosures about fair value measurements.

The Company applies the provisions of the Financial Accounting Standards

Board (“FASB”) Accounting Standards Codification (“ASC”) Section 820, Fair Value Measurements (“ASC

820”), for fair value measurements of financial assets and financial liabilities and for fair value measurements of nonfinancial

items that are recognized or disclosed at fair value in the financial statements.

ASC 820 also establishes a framework for measuring fair

value and expands disclosures about fair value measurements.

Fair value is defined as the price that would be received when selling

19 unchanged sentences

There were no transfers between level 1, level 2 or level 3 measurements

during the three months ended December 31, 2025 and 2024.

during the six months ended March 31, 2026 and 2025.

MAITONG SUNSHINE CULTURAL DEVELOPMENT CO., LIMITED

1 unchanged sentence

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

SIX MONTHS ENDED MARCH 31, 2026 AND 2025

(UNAUDITED) (AMOUNTS IN US DOLLARS)

3 unchanged sentences

accrued expenses, other payables, income tax payable and due to related parties.

As of December 31, 2025 and 2024, the carrying values

of these financial instruments approximated their fair values due to the short-term maturity of these instruments.

As of March 31, 2026 and 2025, the carrying values of

these financial instruments approximated their fair values due to the short-term maturity of these instruments.

Segment information and geographic data

46 unchanged sentences

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

SIX MONTHS ENDED MARCH 31, 2026 AND 2025

(UNAUDITED) (AMOUNTS IN US DOLLARS)

41 unchanged sentences

Cash and cash equivalents

As of December 31, 2025, cash consists of bank

deposits and deposits, WeChat deposits, Alipay deposits, and corporate platform deposits, which are unrestricted as to withdrawal and

All highly liquid investments with original stated maturities of three months or less are classified as cash.

As of March 31, 2026, cash consists of bank deposits and deposits in

Alipay, which are unrestricted as to withdrawal and use.

All highly liquid investments with original stated maturities of three months

or less are classified as cash.

Restricted Cash

As of December 31, 2025 and September 30, 2025, restricted cash includes

As of March 31, 2026 and September 30, 2025, restricted cash includes

bank deposits held at Zhongguancun Bank, which are subject to restrictions on withdrawal and use.

10 unchanged sentences

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

SIX MONTHS ENDED MARCH 31, 2026 AND 2025

(UNAUDITED) (AMOUNTS IN US DOLLARS)

At December 31, 2025 and September 30, 2025, prepayments

At March 31, 2026 and September 30, 2025, prepayments

consisted of:

September 30,

Prepayments related to product sales business

Prepaid consulting service fee

Prepaid rental fees

Transaction agency fee

Hainan Jintongyuan Technology Co., Ltd.

Beijing Shuangjiang Huixin Trading Co., Ltd

Dongfang Tong (Beijing) Technology Co., Ltd

Beijing Yiguanjia Health Technology Co., Ltd

Shenzhen Huayu Feng Technology Co., Ltd.

Dongguan Jiasheng Daily Plastic Products Co., Ltd.

Hainan Wanshun Da Technology Co., Ltd.

Shenzhen Hongyuexing Technology Co., Ltd

Wuchang City Airun Agriculture Co., Ltd.

Handan Haiying Youpin Food Co., Ltd.

Xingcheng Xingwan Seafood Farming Co., Ltd.

Yongfengyuan Ceramics Valley Culture (Beijing) Co., Ltd.

The Sound of Flowers (Beijing) Brand Management Co., Ltd.

Guangzhou Fu Youyuan Health Management Co., Ltd.

Jinjiu International Consulting Services (Beijing) Co., Ltd.

Jiaxing Bozhong Finance and Taxation Consulting Co., Ltd

Jindou Enterprise (Beijing) Business Management Co., LTD

VStock Transfer, LLC

Total Prepayments

OTHER RECEIVABLES

At December 31, 2025 and September 30, 2025, other receivables consisted

At March 31, 2026 and September 30, 2025, other receivables consisted

September 30,

Shanghai Ctrip International Travel Agency Co., Ltd

Wang Shengchun

Value-added Tax

Total other receivables

MAITONG SUNSHINE CULTURAL DEVELOPMENT CO.,

LIMITED AND SUBSIDIARIES

At March 31, 2026 and September 30, 2025, Inventories

consisted of the following:

September 30,

MAITONG SUNSHINE CULTURAL DEVELOPMENT CO., LIMITED

AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

SIX MONTHS ENDED MARCH 31, 2026 AND 2025

(UNAUDITED) (AMOUNTS IN US DOLLARS)

ADVANCE FROM CUSTOMERS

At December 31, 2025 and September

At March 31, 2026 and September

30, 2025, advance from customers consisted of the following:

1 unchanged sentence

Pre-collected member funds

As of December 31, 2025 and September 30, 2025,

As of March 31, 2026 and September 30, 2025,

advances from customers totaled $ 4,489 and 26,098 .

8 unchanged sentences

Shanghai Maitong Cultural Technology Co., Ltd

As of December 31, 2025 and September 30, 2025, the Company owed Huang

As of March 31, 2026 and September 30, 2025, the Company owed Huang

Fang a balance of $ 300,451 and $ 182,463 which represented expenses paid on behalf of the Company and the interest-free loan she provided

to the Company.

As of December 31, 2025 and September 30, 2025, the Company had a balance

As of March 31, 2026 and September 30, 2025, the Company had a balance

of $ 9,626 and $ 9,626 due to Beijing Devoter Oriental Co., Ltd, which represented expenses paid on behalf of the Company.

As of December 31, 2025 and September 30, 2025, the Company had a balance

of $ 70,908 and $ 70,156 due to Shanghai Maitong Cultural Technology Co., Ltd, which represented expenses paid on behalf of the Company.

As of March 31, 2026 and September 30, 2025, the Company had a balance

of $ 72,011 and $ 70,156 due to Shanghai Maitong Cultural Technology Co., Ltd,a which represented expenses paid on behalf of the Company.

Huang Fang is the President, CEO, Chairwoman of the Board and a major

3 unchanged sentences

ACCRUED EXPENSES

At December 31, 2025 and September 30, 2025, accrued expenses consisted

At March 31, 2026 and September 30, 2025, accrued expenses consisted

September 30,

Professional service fee payable

Payroll payable

Social security payable

Accounting - other

Total accrued expenses

As of December 31, 2025 and September 30, 2025, the Company recorded

payables to its auditor of $ 51,000 and $ 75,000 for services in connection with the review of the Company’s financial statements

for the quarter ended December 31, 2025 and the audit of the Company’s financial statements for the year ended September 30, 2025.

As of March 31, 2026 and September 30, 2025, the Company recorded payables

to its auditor of $ 6,000 and $ 75,000 for services in connection with the audit and review of the Company’s financial statements

for the quarter ended March 31, 2026 and the year ended September 30, 2025.

As of March 31, 2026 and September 30, 2025, the Company recorded payroll

payable of $ 11,704 and $ 10,726 .

As of March 31, 2026, and September 30,2025, the Company recorded social

security payable of $ 4,626 and 4,933 .

MAITONG SUNSHINE CULTURAL DEVELOPMENT CO., LIMITED

1 unchanged sentence

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

SIX MONTHS ENDED MARCH 31, 2026 AND 2025

(UNAUDITED) (AMOUNTS IN US DOLLARS)

OTHER PAYABLES

At December 31, 2025 and September 30, 2025, other payables consisted

At March 31, 2026 and September 30, 2025, other payables consisted

September 30,

Other Statutory Taxes and Levies

Value-added Tax

Value added tax and surtax

On September 1, 2023, Huang Fang, the CEO

11 unchanged sentences

approximately $ 36,689 (RMB 259,605 ) for that period.

For the three months ended December 31, 2025 and 2024, the lease amortization

For the six months ended March 31, 2026 and 2025, the lease amortization

expense was $ 17,406 and $ 17,649 , respectively.

3 unchanged sentences

Oriental Co., Ltd owns 85 % of the registered equity of Devoter (Beijing) Technology Co., Ltd.

Devoter (Beijing) Technology Co., Ltd is

a related party of Tongzhilian.

As of December 31, 2025 and 2024, the Company had the following amounts

recorded on the Company’s consolidated balance sheet:

As of December 31,

For this reason, Devoter (Beijing) Technology

Co., Ltd is a related party of Tongzhilian.

As of March 31, 2026 and September 30, 2025, the Company had the following

amounts with respect to its lease recorded on the Company’s consolidated balance sheet:

September 30,

Right-of-use asset

3 unchanged sentences

leases are as follows:

Period Ending December 31,

Period Ending March 31,

imputed interest

2 unchanged sentences

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

SIX MONTHS ENDED MARCH 31, 2026 AND 2025

(UNAUDITED) (AMOUNTS IN US DOLLARS)

5 unchanged sentences

MGSD Samoa was incorporated in Samoa and, under the current laws of

Samoa, is not subject to income tax in Samoa.

Samoa, is not subject to income tax.

MGSD HK was incorporated in Hong Kong and is subject to Hong Kong

2 unchanged sentences

The Company did not have any income (loss) subject to the Hong Kong profits tax.

Tongzhilian is subject to a 25 % standard enterprise income tax in the

There was no income tax expense accrued for the three months ended December 31, 2025.

A reconciliation or net income before income taxes for domestic

and foreign locations for the three months ended December 31, 2025 and 2024 is as follows:

For the Three Months Ended

Tongzhilian is subject to a 25 % standard enterprise income tax in

There was no income tax expense accrued for the six months ended March 31, 2026.

A reconciliation of income before income taxes for domestic and foreign

locations for the six months ended March 31, 2026 and 2025 is as follows:

For the Six Months Ended

United States

$ ( 128,372 )

$ ( 126,665 )

Before income taxes

3 unchanged sentences

the Company’s effective tax rate was as follows:

For the Three Months Ended

For the Six Months Ended

Income tax (benefit) at USA statutory rate

4 unchanged sentences

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

SIX MONTHS ENDED MARCH 31, 2026 AND 2025

(UNAUDITED) (AMOUNTS IN US DOLLARS)

1 unchanged sentence

difference between the PRC statutory income tax rate and the PRC effective tax rate was as follows:

For the Three Months Ended

For the Six Months Ended

Income tax (benefit) at PRC statutory rate

7 unchanged sentences

The Company incurred losses from its United States operations during

the three months ended December 31 , 2025 and 2024 of $ 24,670 and $ 34,558 .

The Company’s

United States operations consist solely of ownership of its foreign subsidiaries, and the losses arise from administration expenses.

management provided a 100 % valuation allowance of $ 93,951 against the deferred tax assets related to the Company’s United States

operations as of December 31, 2024, because the deferred tax benefits of the net operating loss carry forwards in the United States are

not likely to be utilized.

The US valuation allowance has increased by $ 45,316 for the three months ended December 31, 2025.

the six months ended March 31, 2026 and 2025 of $ 48,452 and $ 126,665 .

The Company’s United States operations consist solely of ownership

of its foreign subsidiaries, and the losses arise from administration expenses.

Accordingly, management provided a 100 % valuation allowance

of $ 98,945 against the deferred tax assets related to the Company’s United States operations as of March 31, 2026, because the deferred

tax benefits of the net operating loss carry forwards in the United States are not likely to be utilized.

The US valuation allowance has

increased by $ 10,175 for the six months ended March 31, 2026.

The Company is subject to examination by the Internal Revenue Service

9 unchanged sentences

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

SIX MONTHS ENDED MARCH 31, 2026 AND 2025

(UNAUDITED) (AMOUNTS IN US DOLLARS)

18 unchanged sentences

The Company was not subject to any material loss contingency as of

December 31, 2025.

March 31, 2026.

BASIC AND DILUTED EARNINGS PER SHARE

8 unchanged sentences

For the Three Months Ended

Net (loss) attributable to common stockholders

$ ( 205,688 )

$ ( 125,266 )

Basic and diluted weighted-average number of shares outstanding

Net income (loss) per share:

Basic and diluted

For the Six Months Ended

Net income (loss) attributable to common stockholders

6 unchanged sentences

the consolidated financial statements were available to be issued.

All subsequent events requiring recognition as of December 31, 2025

have been incorporated into these consolidated financial statements and there are no other subsequent events that require disclosure in

accordance with FASB ASC Topic 855, “Subsequent Events.”

All subsequent events requiring recognition as of March 31, 2026 have

been incorporated into these consolidated financial statements and there are no other subsequent events that require disclosure in accordance

with FASB ASC Topic 855, “Subsequent Events.”

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

What changed 10-Q

Item 1. Financial Statements