SportsQuest, Inc. 10-Q

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations Overview The following discussion should be read in conjunction with our financial statements, including the notes thereto, appearing elsewhere in this annual report. The following discussion contains forward-looking statements that reflect our plans, estimates and beliefs. Our actual results could differ materially from those discussed in the forward-looking statements. Our audited financial statements are stated in United States Dollars and are prepared in accordance with United States Generally Accepted Accounting Principles. Results of Operations For the period ended March 31, 2026, the Company reported: · Net loss of $27,702 (2025: $63,642) Operating expenses consisted primarily of administrative expenses, consulting services, and interest expense. Liquidity and Capital Resources As of March 31, 2026: · Cash: $3,033 · Working capital deficit: $487,707 The Company has funded operations primarily through convertible notes and equity issuances. Going Concern The Company has incurred recurring losses and has limited cash resources. These factors raise substantial doubt about its ability to continue as a going concern. Segment Reporting The company operates as a single operating and reportable segment. Operating segments are defined as components of an enterprise for which separate financial information is available and regularly reviewed by the chief operating decision maker (“CODM”) in allocating resources and assessing performance. The Company’s chief operating decision maker, its Chief Executive Officer, evaluates the Company’s performance and allocates resources on a consolidated basis. Accordingly, the Company has determined that it operates in a single operating and reportable segment, and therefore, all required financial segment information is presented in the financial statements. Item 3. Quantitative and Qualitative Disclosures About Market Risk The Company has limited exposure to market risk due to its minimal operations. However, it may be subject to interest rate risk related to outstanding debt. Item 4. Controls and Procedures Management evaluated the effectiveness of the Company’s disclosure controls and procedures as of March 31, 2026 and concluded that they were effective. Due to the Company’s size, internal controls over financial reporting may not be as comprehensive as those of larger public companies. 13 PART II – OTHER INFORMATION ITEM 1. LEGAL PROCEEDINGS As of the period ending March 31, 2026, the Company was not involved in any legal proceedings.