What changed in this filing

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Item 2. Management’s Discussion and Analysis

2026-05-15 compared with 2025-10-15 · 41 added, 37 removed, 98 unchanged (44% of the section changed)

68 unchanged sentences

Issued Accounting Pronouncements

new accounting pronouncements issued by the Financial Accounting Standards Board (“FASB”) issued during the nine months ended

August 31, 2025 and through the filing of this report have been or will be adopted by the Company.

Management does not believe the adoption

of any of these accounting pronouncements has had or will have a material impact on the Company’s financial statements.

other new accounting pronouncements issued but not yet effective or adopted have been deemed not to be relevant to us, hence are not

expected to have any impact once adopted.

December 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update 2023-09 (“ASU 2023-09”),

Income Taxes, which enhances the transparency of income tax disclosures by expanding annual disclosure requirements related to the rate

reconciliation and income taxes paid.

The amendments are effective for fiscal years beginning after December 15, 2024.

Early adoption

is permitted.

The amendments should be applied on a prospective basis.

Retrospective application is permitted.

The Company is currently

evaluating this ASU to determine its impact on the Company’s disclosures.

November 2024, the FASB issued Accounting Standards Update (“ASU 2024-03”), Income Statement-Reporting Comprehensive Income-Expense

Disaggregation Disclosures (Subtopic 220-40):

Disaggregation of Income Statement Expenses, requiring public entities to disclose additional

information about specific expense categories in the notes to the financial statements on an interim and annual basis.

ASU 2024-03 is

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

The Company is currently evaluating this ASU to determine its impact on the Company’s disclosures.

of Significant Accounting Policies

have been no changes to the Summary of Significant Accounting Policies described in our Annual Report on Form 10-K filed with the Securities

and Exchange Commission on February 27, 2025.

have been no changes to the Summary of Significant Accounting Policies described in our Annual Report on Form 10-KT filed with the Securities

and Exchange Commission on Apri 15, 2026.

and Capital Resources

August 31, 2025, the Company had a cash balance of $243,929 compared to a cash balance of $80,281 at November 30, 2024.

incurred negative cash flow from operations of $2,389,177 for the period ended August 31, 2025, as compared to negative cash flow

from operations of $1,400,469 in the comparable prior year period.

The increase in negative cash flows from operations was primarily

from an increase in net loss offset by accrued expenses – related parties;

accounts payable and accrued expenses;

value of shares issued for services.

Cash flows from financing activities during the period ended August 31, 2025, totaled

$2,552,824, as compared to cash flows from financing activities in the comparable prior year period of $1,380,485.

The increase in

cash provided by financing activities is the result of an increase of cash received for shares to be issued offset by a slight

reduction in cash received for the issuance of common shares.

Going forward, the Company expects capital expenditures to increase

significantly as operations are expanded pursuant to its current growth plans.

The Company anticipates the requirement to raise

significant debt or equity capital in order to fund future operations.

March 31, 2026, the Company had a cash balance of $67,283 compared to a cash balance of $515,438 at December 31, 2025.

The Company incurred

negative cash flow from operations of $896,088 for the period ended March 31, 2026, as compared to negative cash flow from operations

of $245,792 in the comparable prior year period.

The increase in negative cash flows from operations was primarily from an increase in

net loss offset by accrued expenses – related parties and accounts payable and accrued expenses.

Cash flows from financing activities

during the period ended March 31, 2026, totaled $447,933, as compared to cash flows from financing activities in the comparable prior

year period of $228,492.

The increase in cash provided by financing activities is the result of an increase in cash received for common

shares to be issued.

Going forward, the Company expects capital expenditures

to increase significantly as operations are expanded pursuant to its current growth plans.

The Company anticipates the requirement to

raise significant debt or equity capital to fund future operations.

of Operations

of the Three and Nine Months Ended August 31, 2025 and August 31, 2024

the comparable three months ended August 31, 2025 and August 31, 2024, the Company’s revenues totaled $0.

For the nine months ended

August 31, 2025 and August 31, 2024, the Company’s revenues totaled $0 and $0, respectively.

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

the comparable three months ended March 31, 2026 and March 31, 2025, the Company’s revenues totaled $0.

We anticipate the Company’s

revenues in upcoming quarters may increase significantly as management attempts to implement the Company’s new business model.

the three months ended August 31, 2025, our operating expenses increased to $1,693,170 compared to $716,546 for the comparable period

The increase of $976,624 was due to an increase in professional fees and general and administrative expenses.

For the nine months

ended August 31, 2025, our operating expenses increased to $4,135,480 compared to $2,740,543 for the comparable period in 2024.

of $1,394,937 was due to an increase in professional fees for consultants to implement the shift in strategic focus and preparations

for increased operations.

We anticipate future operating expenses to increase with the expansion of operations, resulting in increased

expenses related to compensation and professional fees.

the three months ended March 31, 2026, our operating expenses increased to $2,012,731 compared to $1,049,760 for the comparable period

The increase of $962,971 was due to an increase in professional fees.

We anticipate future operating expenses to increase with

the expansion of operations, resulting in increased expenses related to compensation and professional fees.

Balance Sheet Arrangements

22 unchanged sentences

Qualitative and Quantitative Disclosures about Market Risk.

are a smaller reporting company and, therefore, we are not required to provide information required by this item.

required for smaller reporting companies.

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

What changed 10-Q

Item 2. Management’s Discussion and Analysis