What changed in this filing

/stocks — the workspaceLOADING

Item 1. Financial Statements

2026-08-14 compared with 2026-05-15 · 108 added, 114 removed, 255 unchanged (47% of the section changed)

FINANCIAL STATEMENTS

SPORTSQUEST, INC.

BALANCE SHEETS

As of June 30,

As of December 31,

Current Assets

Cash and Bank

current assets

Total current assets

LIABILITIES AND STOCKHOLDERS' DEFICIENCY

7 unchanged sentences

Preferred Stock Class A par value $ 0.001

- Authorized 1,200,000

- Authorised 1,200,000

issued and outstanding

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

Preferred Stock Class B par value $ 0.001 - Authorised 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

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 June 30, 2026 and December 31, 2025 respectively

Additional paid-in-capital

4 unchanged sentences

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 MARCH 31, 2026

FOR THE THREE MONTHS ENDED

FOR THE SIX MONTH AND THREE MONTH ENDED JUNE

Three Months Ended, June 30,

Six Months Ended, June 30,

Operating revenue:

13 unchanged sentences

$ ( 0.00002 )

$ ( 0.00003 )

Weighted Average Shares Outstanding

2 unchanged sentences

3,674,163,151

The accompanying notes are an integral part of these

consolidated financial statements.

4,024,163,151

3,674,163,151

The accompanying notes are an integral part

of these consolidated financial statements.

SPORTSQUEST, INC.

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

FOR THE SIX MONTH PERIOD ENDED JUNE 30, 2026

Additional Paid-in

Balance – Balance Jan 1, 2025

15 unchanged sentences

Additional paid in capital

Balance – March 31, 2026

Balance – June 30, 2026

4,024,163,151

( 3,540,167 )

The accompanying notes are an integral part of these

financial statements.

The accompanying notes are an integral part

of these financial statements.

SPORTSQUEST, INC.

STATEMENTS OF CASH FLOWS

FOR THE PERIOD ENDED MARCH 31, 2026

March 31, 2026

March 31, 2025

FOR THE SIX MONTH PERIOD ENDED JUNE 30,

June 30, 2026

June 30, 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

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

Preferred stock issued for services

5 unchanged sentences

Convertible note payable

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 MARCH 31, 2026 AND 2025

NOTES TO JUNE 30, 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

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.

5 unchanged sentences

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.

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 as of March 31, 2026, and 2025.

include only the accounts of the parent company as of June 30, 2026, and 2025.

Use of Estimates and Assumptions and Critical

21 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

3 unchanged sentences

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

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.

1 unchanged sentence

Property and equipment are recorded at cost.

for major additions and betterments are capitalized.

Expenditures for major additions and betterments are capitalized.

Maintenance and repairs are charged to operations as incurred.

Depreciation is calculated

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

is calculated 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 June 30, 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.

Pursuant to 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.

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 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.

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

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 occur.

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

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.

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

7 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.

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

1 unchanged sentence

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 earned.

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 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

13 unchanged sentences

740-10-25-13 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

3 unchanged sentences

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 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

10 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 March 31, 2026, and 2025.

and had no unrecognized tax liabilities or benefits in accordance with the provisions of Section 740-10-25 at June 30, 2026, and 2025.

Earnings per Share

34 unchanged sentences

There were no potential debt or equity instruments

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

issued and outstanding at any time during the Period ended June 30, 2026 and 2025.

Cash Flows Reporting

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

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 231-10-45-25 of the FASB Accounting Standards Codification to report net

4 unchanged sentences

the reporting currency equivalent of foreign currency cash flows, using the current exchange rate at the time of the cash flows and the

effect of exchange rate changes on cash held in foreign currencies is reported as a separate item in the reconciliation of beginning and

ending balances of cash and cash equivalents and separately provides information about investing and financing activities not resulting

effect of exchange rate changes on cash held in foreign currencies is reported as a separate item in the reconciliation of beginning

and ending balances of cash and cash equivalents and separately provides information about investing and financing activities not resulting

in cash receipts or payments in the Period pursuant to paragraph 831-231-45-1 of the FASB Accounting Standards Codification.

Subsequent Events

In accordance with ASC

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

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

has evaluated all events or transactions that occurred after June 30, 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