What changed in this filing

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Item 2. Management’s Discussion and Analysis

2026-08-27 compared with 2026-05-15 · 44 added, 22 removed, 117 unchanged (36% of the section changed)

10 unchanged sentences

its corporate name from “Inky, Inc.”, to “M2i Global, Inc.”, effective June 7, 2023.

Company was formerly engaged in developing mobile software applications for smartphones and table devices.

Company was formerly engaged in developing mobile software applications for smartphones and tablet devices.

During May 2023, the Company

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(the “Strategic Partnership”), in order for Komodo to use its relationships to provide the Company with access to various

critical minerals, with an ultimate goal of suppling the U.S.

critical minerals, with an ultimate goal of supplying the U.S.

government and U.S.

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$850 million.

The Company is granted offtake rights r a maximum of 88,000 tonnes of copper that is sourced from the Redbank tenements

The Company is granted offtake rights for a maximum of 88,000 tonnes of copper that is sourced from the Redbank tenements

in return for 12 million shares of the Company’s common stock.

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the Company and its stockholders.

June 4, 2026, the Company received a written notice (the “Termination Notice”) from Volato purporting to terminate the

Agreement and Plan of Merger and Reorganization, dated as of July 28, 2025, by and among the Company, Volato and Merger Sub.

Termination Notice alleges that termination is effective as of June 4, 2026, and asserts certain purported grounds for termination,

pursuant to Section 10.1 of the Merger Agreement.

As of the termination date, the Merger Agreement is of no further force or effect

such that the respective rights and obligations of all parties under the Merger Agreement are terminated.

On July 9, 2026 both

parties signed a Mutual Termination and Release Agreement.

Issued Accounting Pronouncements

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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 Exchange Commission on April 15, 2026.

and Capital Resources

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

June 30, 2026, the Company had a cash balance of $54,661 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

negative cash flow from operations of $1,650,150 for the period ended June 30, 2026, as compared to negative cash flow from operations

of $1,522,627 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.

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

during the period ended June 30, 2026, totalled $1,189,373, as compared to cash flows from financing activities in the comparable prior

year period of $1,727,124.

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

The decrease in cash provided by financing activities is the result of n decrease 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.

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.

Company’s cash on hand at June 30, 2026 is not sufficient to fund its operations for the next twelve months.

As discussed in Note

2 to the condensed consolidated financial statements, these conditions raise substantial doubt about the Company’s ability to continue

as a going concern.

The Company will require additional debt or equity financing to continue operations, and there can be no assurance

that such financing will be available on acceptable terms, or at all.

Any equity financing the Company obtains is expected to be substantially

dilutive to existing stockholders.

of Operations

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 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.

of the Three and Six Months Ended June 30, 2026 and June 30, 2025

the comparable three and six months ended June 30, 2026 and June 30, 2025, the Company’s revenues totalled $0.

The Company remains

pre-revenue and has not entered into any agreement that is expected to generate revenue in the near term.

The Company does not expect

to generate meaningful revenue until it implements its new business model, and there can be no assurance as to when, or whether, it will

be able to do so.

the three months ended June 30, 2026, our operating expenses increased to $1,670,119 compared to $1,367,496 for the comparable period

The increase of $302,623 was due to an increase in professional fees and general and administrative expenses.

For the six months

ended June 30, 2026, our operating expenses increased to $3,682,850 compared to $2,417,257 for the comparable period in 2025.

of $1,265,593 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.

Balance Sheet Arrangements

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

What changed 10-Q

Item 2. Management’s Discussion and Analysis