NOTE 3 – GOING CONCERN AND MANAGEMENT’S LIQUIDITY PLANS

As at December 31, 2025, the Company had cash of $509,914 and a negative working capital of $2,736,430. As at December 31, 2025, the Company has not yet generated any revenues from operations, and has incurred an accumulated deficit of $21,044,246. These conditions raise substantial doubt about the Company’s ability to continue as a going concern.

During the year ended December 31, 2025, the Company raised a total of $731,216 through private placements consisting of $438,986 in stock and $292,230 in warrants. The Company also raised $323,090 in short-term loans (including $311,090 from affiliates). During the same period in 2024, the Company raised $63,000 in private placements, $61,500 from the sale of a convertible note and $264,078 in short-term loans (including $216,078 from affiliates). The Company is aware that its current cash on hand will not be sufficient to fund its projected operating requirements through the month of May 2026 and is pursuing alternative opportunities to funding.

The Company intends to raise additional capital through private placements of debt and equity securities, but there can be no assurance that these funds will be available on terms acceptable to the Company, or will be sufficient to enable the Company to fully complete its development activities or sustain operations. If the Company is unable to raise sufficient additional funds, it will have to develop and implement a plan to further extend payables, reduce overhead, or scale back its current business plan until sufficient additional capital is raised to support further operations. There can be no assurance that such a plan will be successful.

Accordingly, the accompanying consolidated financial statements have been prepared in conformity with U.S. GAAP, which contemplates continuation of the Company as a going concern and the realization of assets and satisfaction of liabilities in the normal course of business. The carrying amounts of assets and liabilities presented in the financial statements do not necessarily purport to represent realizable or settlement values. The consolidated financial statements do not include any adjustment that might result from the outcome of this uncertainty.