What changed in this filing

/stocks — the workspaceLOADING

Item 1. Financial Statements

2026-05-15 compared with 2023-11-03 · 155 added, 165 removed, 214 unchanged (60% of the section changed)

4 unchanged sentences

Cash and Bank

Interest Receivable

Dues from related party

Total current assets

current assets

LIABILITIES AND STOCKHOLDERS' DEFICIENCY

6 unchanged sentences

Stockholders' Equity

Common stock, par value $0.0001 - authorized 5,000,000,000 shares 2,228,763,151

and 4,178,763,151 shares issued and outstanding as of September 30, 2023 and December 31, 2022 respectively

Preferred Stock Class A par value $ 0.001

- Authorized 1,200,000

1,200,000 issued and outstanding

Preferred Stock Class B par value $ 0.001 - Authorized 1,000,000 shares.

1,000,000 issued and outstanding

Common stock, par value $ 0.0001 - authorized 5,000,000,000 shares 4,024,163,151 and 3,674,163,151 shares issued and outstanding as of March 31, 2026 and December 31, 2025 respectively

Additional paid-in-capital

Accumulated deficit

( 3,505,613 )

( 3,477,909 )

TOTAL STOCKHOLDERS' EQUITY

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.

SPORTSQUEST, INC.

STATEMENTS OF OPERATIONS

FOR THE PERIOD ENDED SEPTEMBER 30, 2023

PERIOD ENDED SEPT.

2023 (UNAUDITED)

PERIOD ENDED SEPT.

2022 (UNAUDITED)

FOR THE PERIOD ENDED MARCH 31, 2026

FOR THE THREE MONTHS ENDED

Operating revenue:

1 unchanged sentence

Operating expenses:

Miscelleneous Expense

Subscription & Dues

Transportation and Travels

Hotel and Accommodation

Telecommunication

Administrative Expenses

Consulting Services

3 unchanged sentences

Other Income (expenses)

Interest Income

Gain/(Loss) from disposal of assets

receivables written off

payables written off

Gain/(Loss) from settlement/debt extinguishment

Total other income/(expense)

Net Income/ loss

The accompanying notes are an integral part

of these consolidated financial statements.

Net Loss Per Share

Basic and Diluted

$ ( 0.00003 )

$ ( 0.00006 )

Weighted Average Shares Outstanding

Basic and Diluted

3,849,163,151

3,674,163,151

The accompanying notes are an integral part of these

consolidated financial statements.

SPORTSQUEST, INC.

STATEMENTS OF STOCKHOLDERS’

FOR THE PERIOD ENDED SEPTEMBER 30, 2023.

Balance –

Balance Jan 1, 2022

STATEMENTS OF STOCKHOLDERS’ EQUITY

FOR THE PERIOD ENDED MARCH 31, 2026

Preferred Share A

Preferred Share B

Preferred Share A

Preferred Stock (B)

Additional Paid-in Capital

Balance – Balance Jan 1, 2025

3,674,163,151

1 unchanged sentence

Common stock issued

2,933,979,190

Preferred Stock (A)

Preferred Stock (B)

Additional paid in capital

Balance –

December 31, 2022

Balance – December 31, 2025

4,024,163,151

( 3,477,909 )

Balance –

Balance Jan 1, 2023

Balance – Balance Jan 1, 2026

4,024,163,151

( 3,477,909 )

Common stock issued

Preferred Stock (A)

Preferred Stock (B)

Additional paid in capital

(1,950,000,000 )

Balance –

September 30, 2023

Balance – March 31, 2026

4,374,163,151

( 3,505,613 )

The accompanying notes are an integral part

of these financial statements.

The accompanying notes are an integral part of these

financial statements.

SPORTSQUEST, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

FOR THE PERIOD ENDED SEPTEMBER 30,2023

STATEMENTS OF CASH FLOWS

FOR THE PERIOD ENDED MARCH 31, 2026

March 31, 2026

March 31, 2025

Cash flows from operating activities:

Net loss from continuing operations attributable to common stockholders

Adjustments to reconcile net loss to net

Cash used in operating activities:

Adjustments to reconcile net loss to net cash used in operating

Preferred stock issued for services

Interest Receivables

Due from related party

Due to related party & Interest Payable

Accrued Interest and Payables

Net cash used in operating activities

Cash flows from investing activities

License agreements

Security deposits

Net cash used in investing activities

2 unchanged sentences

Additional paid in capital

Preferred Share

Net cash provided by financing activities

2 unchanged sentences

Cash, end of period

The accompanying notes are an integral part

of these financial statements.

The accompanying notes are an integral part of

these financial statements.

SPORTSQUEST, INC.

NOTES TO SEPTEMBER 30, 2023, AND 2022

NOTES TO MARCH 31, 2026 AND 2025

CONSOLIDATED FINANCIAL STATEMENTS

Note 1 –

Organization and Operations

Sportsquest Inc., a Delaware corporation, (the

“Company”) was formed under the laws of the State of Delaware on April 3, 1986.

Office address is located at 500 S Australian

Ave, 600 West Palm Beach FI 33401 USA.

The Sportsquest business was created to develop,

own and manage high end sports events and their operating entities, as well as executing a growth strategy involving acquisition of diverse

Note 1 – Organization and Operations

Sportsquest Inc., a Delaware corporation, (the “Company”)

was formed under the laws of the State of Delaware on April 3, 1986.

Office address is located at 500 S Australian Ave, 600 West Palm

Beach FI 33401 USA.

The Sportsquest business was created to develop, own

and manage high end sports events and their operating entities, as well as executing a growth strategy involving acquisition of diverse

and effective sports marketing platforms.

1 unchanged sentence

The Company has been managing the US Pro Golf Tour and anticipates it will continue to manage USPGT for the foreseeable future.

trades on the Pink Sheets under “SPQS.PK”.

SportsQuest holds significant value in content media and is refocusing is business

Note 2 –

Summary of Significant Accounting

Note 2 – Summary of Significant Accounting

Basis of Presentation

The Company’s financial statements have

been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S.

GAAP”).

The Company’s financial statements have been

prepared in accordance with accounting principles generally accepted in the United States of America (“U.S.

Principle of consolidation

The accompanying consolidated financial statements

include only the accounts of the parent company Company as of September 30, 2023 and 2022.

include only the accounts of the parent company as of March 31, 2026, and 2025.

Use of Estimates and Assumptions and Critical

6 unchanged sentences

matters or the susceptibility of such matters to change and (b) the impact of the estimate on financial condition or operating performance

The Company’s critical accounting estimates and assumptions affecting the financial statements were:

Assumption as a going concern :

12 unchanged sentences

Fair Value of Financial Instruments

The Company follows paragraph 825-10-50-10 of

the FASB Accounting Standards Codification for disclosures about fair value of its financial instruments and paragraph 820-10-35-37 of

the FASB Accounting Standards Codification (“Paragraph 820-10-35-37”) to measure the fair value of its financial instruments.

The Company follows paragraph 825-10-50-10 of the

FASB Accounting Standards Codification for disclosures about fair value of its financial instruments and paragraph 820-10-35-37 of the

FASB Accounting Standards Codification (“Paragraph 820-10-35-37”) to measure the fair value of its financial instruments.

Paragraph 820-10-35-37 establishes a framework for measuring fair value in accounting principles generally accepted in the United States

18 unchanged sentences

based on the lowest level input that is significant to the fair value measurement of the instrument.

The carrying amount of the Company’s

financial assets and liabilities, such as cash, prepaid expenses, accounts payable and accrued expenses, approximate their fair value

because of the short maturity of those instruments.

The carrying amount of the Company’s financial

assets and liabilities, such as cash, prepaid expenses, accounts payable and accrued expenses, approximate their fair value because of

the short maturity of those instruments.

Transactions involving related parties cannot

be presumed to be carried out on an arm’s-length basis, as the requisite conditions of competitive, free-market dealings may not

Representations about transactions with related parties, if made, shall not imply that the related party transactions were consummated

on terms equivalent to those that prevail in arm’s-length transactions unless such representations can be substantiated.

Cash Equivalents

The Company considers all highly liquid investments

with a maturity of three months or less to be cash and cash equivalents.

For purposes of reporting within the statements of

cash flows, the Company considers all cash on hand, cash accounts not subject to withdrawal restrictions or penalties, and all highly

liquid debt instruments purchased with a maturity of three months or less to be cash and cash equivalents.

Property and Equipment

3 unchanged sentences

Depreciation is calculated

using the straight-line method over the estimated useful lives, which range from five (5) Periods for computer equipment to seven (7)

Periods for office furniture.

Upon sale or retirement of office equipment, the related cost and accumulated depreciation are removed from

the accounts and any gain or loss is reflected in statements of operations.

As of September 30, 2023 and 2022 the company has no investment

in Property and equipment

using the straight-line method over the estimated useful lives, which range from five (5) Period for computer equipment to seven (7) Period

for office furniture.

Upon sale or retirement of office equipment, the related cost and accumulated depreciation are removed from the

accounts and any gain or loss is reflected in statements of operations.

As of March 31, 2026, and 2025 the company has no investment in

Property and equipment

Related Parties

The Company follows subtopic 850-10 of the FASB

Accounting Standards Codification for the identification of related parties and disclosure of related party transactions.

Section 850-10-20 the related parties include:

The Company follows subtopic 850-10 of the FASB Accounting

Standards Codification for the identification of related parties and disclosure of related party transactions.

Pursuant to Section 850-10-20

the related parties include:

affiliates of the Company;

entities for which investments in their equity securities

would be required, absent the election of the fair value option under the Fair Value Option Subsection of Section 825–10–15,

to be accounted for by the equity method by the investing entity;

trusts for the benefit of employees, such as pension and profit-sharing

trusts that are managed by or under the trusteeship of management;

entities for which investments in their equity securities would be required,

absent the election of the fair value option under the Fair Value Option Subsection of Section 825–10–15, to be accounted

for by the equity method by the investing entity;

trusts for the benefit of employees, such as pension and profit-sharing trusts that

are managed by or under the trusteeship of management;

principal owners of the Company;

management of the Company;

other parties with which the Company may deal if one party controls or can significantly influence the management or operating policies

of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests;

other parties that can significantly influence the management or operating policies of the transacting parties or that have an ownership

interest in one of the transacting parties and can significantly influence the other to an extent that one or more of the transacting

parties might be prevented from fully pursuing its own separate interests.

other parties

with which the Company may deal if one party controls or can significantly influence the management or operating policies of the other

to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests;

other parties

that can significantly influence the management or operating policies of the transacting parties or that have an ownership interest in

one of the transacting parties and can significantly influence the other to an extent that one or more of the transacting parties might

be prevented from fully pursuing its own separate interests.

The financial statements shall include disclosures

4 unchanged sentences

The disclosures shall include:

the nature of

the relationship(s) involved;

a description of the transactions, including transactions to which no amounts or nominal amounts were

ascribed, for each of the periods for which income statements are presented, and such other information deemed necessary to an understanding

of the effects of the transactions on the financial statements;

the dollar amounts of transactions for each of the periods for which

income statements are presented and the effects of any change in the method of establishing the terms from that used in the preceding

amounts due from or to related parties as of the date of each balance sheet presented and, if not otherwise apparent, the

terms and manner of settlement.

the nature of the

relationship(s) involved;

a description of the transactions, including transactions to which no amounts or nominal amounts were ascribed,

for each of the Period for which income statements are presented, and such other information deemed necessary to an understanding of the

effects of the transactions on the financial statements;

the dollar amounts of transactions for each of the Period for which income

statements are presented and the effects of any change in the method of establishing the terms from that used in the preceding Period;

amounts due from or to related parties as of the date of each balance sheet presented and, if not otherwise apparent, the terms

and manner of settlement.

Commitments and Contingencies

The Company follows subtopic 450-20 of the FASB

Accounting Standards Codification to report accounting for contingencies.

Certain conditions may exist as of the date the financial statements

are issued, which may result in a loss to the Company but which will only be resolved when one or more future events occur or fail to

The Company follows subtopic 450-20 of the FASB Accounting

Standards Codification to report accounting for contingencies.

Certain conditions may exist as of the date the financial statements are

issued, which may result in a loss to the Company but which will only be resolved when one or more future events occur or fail to occur.

The Company assesses such contingent liabilities, and such assessment inherently involves an exercise of judgment.

loss contingencies related to legal proceedings that are pending against the Company or unasserted claims that may result in such proceedings,

the Company evaluates the perceived merits of any legal proceedings or unasserted claims as well as the perceived merits of the amount

of relief sought or expected to be sought therein.

In assessing loss contingencies

related to legal proceedings that are pending against the Company or unasserted claims that may result in such proceedings, the Company

evaluates the perceived merits of any legal proceedings or unasserted claims as well as the perceived merits of the amount of relief sought

or expected to be sought therein.

If the assessment of a contingency indicates that

it is probable that a material loss has been incurred and the amount of the liability can be estimated, then the estimated liability would

be accrued in the Company’s financial statements.

If the assessment indicates that a potential material loss contingency is not

4 unchanged sentences

Management does not believe, based upon

information available at this time that these matters will have a material adverse effect on the Company’s financial position, results

of operations or cash flows.

However, there is no assurance that such matters will not materially and adversely affect the Company’s

business, financial position, and results of operations or cash flows.

Revenue Recognition

The Company applies paragraph 605-10-S99-1 of

the FASB Accounting Standards Codification for revenue recognition.

The Company recognizes revenue when it is realized or realizable and

The Company applies paragraph 605-10-S99-1 of the

FASB Accounting Standards Codification for revenue recognition.

The Company recognizes revenue when it is realized or realizable and earned.

The Company considers revenue realized or realizable

8 unchanged sentences

acceptance of the purchase order and there is no separate sales rebate, discount, or volume incentive.

A right of return exists for customers’

retainers that were received prior to commencement of services.

If a customer cancels a service contract subsequent to the commencement

date, the customer is entitled to a refund, except for services already provided.

A right of return exists for customers’ retainers

that were received prior to commencement of services.

If a customer cancels a service contract subsequent to the commencement date, the

customer is entitled to a refund, except for services already provided.

Income Tax Provision

8 unchanged sentences

Deferred tax assets and liabilities are measured

using enacted tax rates expected to apply to taxable income in the Periods in which those temporary differences are expected to be recovered

using enacted tax rates expected to apply to taxable income in the Period in which those temporary differences are expected to be recovered

The effect on deferred tax assets and liabilities

2 unchanged sentences

of the FASB Accounting Standards Codification.

Paragraph 740-10-25-13 addresses the determination of whether tax benefits

claimed or expected to be claimed on a tax return should be recorded in the financial statements.

Under paragraph 740-10-25-13, the Company

may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained

on examination by the taxing authorities, based on the technical merits of the position.

Paragraph 740-10-25-13 addresses the determination of whether tax benefits claimed or expected

to be claimed on a tax return should be recorded in the financial statements.

Under paragraph 740-10-25-13, the Company may recognize

the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination

by the taxing authorities, based on the technical merits of the position.

The tax benefits recognized in the financial statements

2 unchanged sentences

Paragraph 740-10-25-13 also provides guidance on de-recognition, classification, interest and penalties on income

taxes, accounting in interim periods and requires increased disclosures.

The estimated future tax effects of temporary

differences between the tax basis of assets and liabilities are reported in the accompanying balance sheets, as well as tax credit carry-backs

and carry-forwards.

taxes, accounting in interim Period and requires increased disclosures.

The estimated future tax effects of temporary differences

between the tax basis of assets and liabilities are reported in the accompanying balance sheets, as well as tax credit carry-backs and

carry-forwards.

The Company Periodically reviews the recoverability of deferred tax assets recorded on its balance sheets and provides

4 unchanged sentences

operates within multiple taxing jurisdictions and is subject to audit in these jurisdictions.

In management’s opinion, adequate

provisions for income taxes have been made for all Periods.

In management’s opinion, adequate

provisions for income taxes have been made for all Period.

If actual taxable income by tax jurisdiction varies from estimates, additional

2 unchanged sentences

The Company did not take any uncertain tax positions

and had no unrecognized tax liabilities or benefits in accordance with the provisions of Section 740-10-25 at September 30, 2023 and 2022.

and had no unrecognized tax liabilities or benefits in accordance with the provisions of Section 740-10-25 at March 31, 2026, and 2025.

Earnings per Share

2 unchanged sentences

For convenience, the term is used to refer to either earnings or loss per share.

Earnings per share (“EPS”)

is computed pursuant to section 260-10-45 of the FASB Accounting Standards Codification.

16 unchanged sentences

Equivalents of options and warrants include non-vested

stock granted to employees, stock purchase contracts, and partially paid stock subscriptions (see paragraph 260–10–55–23).

Anti-dilutive contracts, such as purchased put options and purchased call options, shall be excluded from diluted EPS.

3 unchanged sentences

common shares shall be assumed to be issued.

The proceeds from exercise shall be assumed to be used to purchase common stock at the

average market price during the period.

The proceeds from the exercise shall be assumed to be used to purchase common stock at

the average market price during the Period.

(See paragraphs 260-10-45-29 and 260-10-55-4 through 55-5.) c.

The incremental shares (the difference

between the number of shares assumed issued and the number of shares assumed purchased) shall be included in the denominator of the diluted

EPS computation.

There were no potentially debt or equity instruments

issued and outstanding at any time during the Periods ended September 30, 2023 and 2022.

The incremental shares (the

difference between the number of shares assumed issued and the number of shares assumed purchased) shall be included in the denominator

of the diluted EPS computation.

There were no potential debt or equity instruments

issued and outstanding at any time during the Period ended March 31, 2026 and 2025.

Cash Flows Reporting

The Company adopted paragraph 230-10-45-24 of

the FASB Accounting Standards Codification for cash flows reporting, classifies cash receipts and payments according to whether they stem

The Company adopted paragraph 231-10-45-24 of the

FASB Accounting Standards Codification for cash flows reporting, classifies cash receipts and payments according to whether they stem

from operating, investing, or financing activities and provides definitions of each category, and uses the indirect or reconciliation

method (“Indirect method”) as defined by paragraph 230-10-45-25 of the FASB Accounting Standards Codification to report net

method (“Indirect method”) as defined by paragraph 231-10-45-25 of the FASB Accounting Standards Codification to report net

cash flow from operating activities by adjusting net income to reconcile it to net cash flow from operating activities by removing the

7 unchanged sentences

Subsequent Events

The Company follows the guidance in Section 855-10-50

of the FASB Accounting Standards Codification for the disclosure of subsequent events.

The Company will evaluate subsequent events through

the date when the financial statements were issued and has determined to disclose the underlisted events

On January 19 th 2023 SportsQuest, Inc signed a convertible loan agreement with Worldways International

Network Corporation and obtained a loan of $2,000 with 3 Periods maturity form the date of the agreement

On January 20 th 2023 SportsQuest, Inc signed a convertible loan agreement with Zoran Cvetojevic

an individual located at Vladimira Rolovica 158, Sebia and obtained a loan of $67,500 with 3 Periods maturity form the date of the agreement

On April 4 th , 2023 SportsQuest, Inc signed a convertible loan agreement with Zecevic M Custom

Management a company located at 15711 Grove Ln, Wellington, FL 33414, USA and obtained a loan of $3,500 with 3 Periods maturity form the

date of the agreement

On September 30 th , 2023 SportsQuest, Inc signed a convertible loan agreement with Emry Capital

Group a company located at 500 S Australian Ave., West Palm Beach FL 33401 USA and obtained a loan of $3,000 with 3 Periods maturity form

the date of the agreement

OTHER INFORMATION

As of the period ending June 30, 2023, the Company was not involved

in any legal proceedings, save and accept the company threatened to take legal action against a group of ex shareholders Alan Tucker et

al if they do not return certain shares which remain unpaid.

Subsequently the management learned that these shares were sold in the open

In accordance with ASC

Topic 855, “ Subsequent Events ”, which establishes general standards of accounting

for and disclosure of events that occur after the balance sheet date but before consolidated financial statements are issued, the Company

has evaluated all events or transactions that occurred after March 31, 2026, up through the date the Company issued the audited consolidated

financial statements and determined that there are no events to disclose.

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