Dankon Corporation 发布 2026 年第三季度财报

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Form 10-Q

[X] Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the quarterly period ended August 31, 2026

[ ] Transition Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the transition period from __________ to __________

Commission file number 333-286856

Dankon Corporation

(Exact name of registrant as specified in its charter)

Edgar Ulises Rodriguez Velazquez 

President and Chief Executive Officer

Carrer de Pallars, 193

08005, Barcelona, Spain

Tel: +1-810-580-3677

(Address, including zip code, and telephone number, including area code, of registrant’s principal executive offices)

Securities registered pursuant to Section 12(b) of the Act:

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15 (d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes [X]       No [ ]

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).

Yes [X]       No [ ]

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer”, “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act:

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [X]

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes [ ]       No [X]

State the number of shares outstanding of each of the issuer's classes of common equity, as of the latest practicable date: 5,261,400 common shares issued and outstanding as of October 15, 2026. 

DANKON CORPORATION

QUARTERLY REPORT ON FORM 10-Q

TABLE OF CONTENTS

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PART I – FINANCIAL INFORMATION

Item 1. Financial Statements

The accompanying interim financial statements of Dankon Corporation (“the Company”, “we”, “us” or “our”), have been prepared without audit pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with United States generally accepted accounting principles have been condensed or omitted pursuant to such rules and regulations.

The interim financial statements are condensed and should be read in conjunction with the Company’s latest annual financial statements.

In the opinion of management, the financial statements contain all material adjustments, consisting only of normal recurring adjustments, considered necessary to present fairly the financial condition, results of operations, and cash flows of the Company for the interim periods presented.

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Dankon Corporation

Condensed Balance Sheets

See accompanying notes, which are an integral part of these condensed financial statements

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Dankon Corporation

Condensed Statements of Operations

For the three and six months ended August 31, 2026 and 2025 (Unaudited)

See accompanying notes, which are an integral part of these condensed financial statements.

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Dankon Corporation

Condensed Statement of Changes in Stockholders' Equity (Deficit)

For the three and six months ended August 31, 2026 and 2025 (Unaudited)

See accompanying notes, which are an integral part of these condensed financial statements.

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Dankon Corporation

Condensed Statements of Cash Flows

For the six months ended August 31, 2026 and 2025 (Unaudited)

See accompanying notes, which are an integral part of these condensed financial statements.

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Dankon Corporation

Notes to the Condensed Financial Statements

For the six months ended August 31, 2026 and 2025 (Unaudited)

Note 1 – Nature of Business

Dankon Corporation (“the Company”) was incorporated under the laws of the State of Wyoming, U.S. on November 11, 2024 (Inception).

Dankon Corporation is an online service designed to elevate the art of congratulatory messaging. It offers a service for crafting thoughtful, customized messages for any occasion, from birthdays and anniversaries to professional milestones and special celebrations. With its advanced features and user-friendly interface, Dankon aims to ensure that every message is meaningful, impactful, and tailored to leave a lasting impression.

Note 2 – Going Concern

The accompanying condensed financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business.

For the six months ended August 31, 2026, the Company generated revenue of $54,694 and incurred a net loss of $5,710. As of August 31, 2026, the Company had an accumulated deficit of $53,555, a cash balance of $3,621, a working capital deficit of $101,970, and remained dependent on loans from its Chief Executive Officer, which totaled $95,080. These factors raise substantial doubt about the Company’s ability to continue as a going concern within one year after the date that these financial statements are issued.

The Company’s ability to continue as a going concern depends on its ability to generate sufficient revenue and/or obtain the financing necessary to meet its obligations as they become due. Management intends to fund operating costs over the next twelve months through revenue from its subscription-based API service, continued loans from its director, and/or a private offering of common stock. There can be no assurance that such financing will be available on acceptable terms, or at all, or that management’s plans will alleviate the substantial doubt.

These financial statements do not include any adjustments that might result from the outcome of this uncertainty.

Note 3 – Summary of Significant Accounting Policies

Basis of Presentation

The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America. The Company has adopted a February 28 fiscal year-end. Amounts are presented in U.S. dollars and rounded to the nearest dollar.

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Fair Value of Financial Instruments

The Company’s financial instruments consist of cash, accounts payable, and advances payable to our President, Chief Executive Officer, Chief Financial Officer, Treasurer, Secretary and Director, Edgar Ulises Rodriguez Velazquez.

ASC 820, “Fair Value Measurement,” establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value based on the extent to which they are observable in the market. These tiers include:

Level 1: observable inputs such as quoted prices in active markets;

Level 2: inputs other than quoted prices in active markets that are either directly or indirectly observable;

Level 3: unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions.

The carrying values of cash, accounts payable and the loan from the Company’s director approximate their fair values due to the short-term nature of these instruments. The loan is non-interest-bearing, has no fixed maturity date and is classified as a current liability.

Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Cash and Cash Equivalents

The Company considers all highly liquid instruments purchased with a maturity of three months or less to be cash equivalents to the extent that the funds are not being held for investment purposes.

As of August 31, 2026 and February 28, 2026, our cash balance was $3,621 and $3,884, respectively. The Company reported deferred revenue of $16,903 and $28,427, respectively, as of August 31, 2026 and February 28, 2026. Accounts receivable was $0 as of August 31, 2026 and February 28, 2026.

Intangible Assets

The Company recognizes and discloses certain intangible assets in its financial statements, in accordance with ASC Subtopic 350-40, Internal-Use Software-Computer Software Developed or Obtained for Internal Use, and ASC Subtopic 360-10. ASC 350-40-15-2A describes internal-use software as having both of the following characteristics:

a.              The software is acquired, internally developed, or modified solely to meet the entity’s internal needs.

b.              During the software’s development or modification, no substantive plan exists or is being developed to market the software externally.

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ASC Subtopic 350-40 requires assets to be recorded at the cost to develop the asset and requires an intangible asset to be amortized over its useful life. Costs to renew or extend the term of an intangible asset are expensed as incurred.

As of August 31, 2026, we recognized capitalized costs of $121,390. These costs are amortized over 5 years on a straight-line basis.

Impairment of Long-Lived Assets

The Company continually monitors events and changes in circumstances that could indicate carrying amounts of long-lived assets may not be recoverable. When such events or changes in circumstances are present, the Company assesses the recoverability of long-lived assets by determining whether the carrying value of such assets will be recovered through undiscounted expected future cash flows. If the total of the future cash flows is less than the carrying amount of those assets, the Company recognizes an impairment loss based on the excess of the carrying amount over the fair value of the assets. Assets to be disposed of are reported at the lower of the carrying amount or the fair value less costs to sell.

Net Income (Loss) per Common Share

Net income (loss) per common share is computed pursuant to FASB Accounting Standards Codification (“ASC”) 260, “Earnings Per Share”. Basic net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period.  Diluted net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock and potentially dilutive outstanding shares of common stock during the period to reflect the potential dilution that could occur from common shares issuable through contingent share arrangements, stock options and warrants. There were no potentially dilutive common shares outstanding for the periods presented.

Revenue Recognition

The Company recognizes revenue in accordance with Accounting Standards Codification No. 606, "Revenue from Contracts with Customers" ("ASC-606"). ASC 606 directs entities to recognize revenue when the promised goods or services are transferred to the customer. The amount of revenue recognized should equal the total consideration an entity expects to receive in return for the goods or services. The Financial Accounting Standards Board (FASB) created a five-step approach that entities should apply when determining the amount and timing of revenue recognition:

Step 1: Identify the contract with a customer.

Step 2: Identify the performance obligations in the contract.

Step 3: Determine the transaction price.

Step 4: Allocate the transaction price to the performance obligations in the contract.

Step 5: Recognize revenue when (or as) the entity satisfies a performance obligation.

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The Company provides access to its hosted API through subscription plans with a specified limit on the number of API requests. Customers can select a suitable pricing plan directly on our website and initiate contact with the Company.

Under the Company’s policy, payment is required upon issuance of an invoice. Upon receipt of payment, the API key is delivered via email, typically on the same business day. API access is granted in the form of a unique, non-transferable key, which may not be shared, assigned, or transferred to third parties. In select cases, the Company may provide access prior to payment in accordance with agreed-upon payment terms specified in an executed contract.

The Company’s performance obligation under its subscription arrangements is to stand ready to provide access to its hosted API throughout the subscription period, subject to the applicable request limit.

Revenue is recognized ratably over the specified period of time during which the customer is granted access to the software, beginning upon key activation.

Deferred Revenue: Payments received prior to the provision of services are recorded as deferred revenue and recognized as revenue over time as the performance obligation is satisfied.

Accounts Receivable: Amounts due for services provided prior to the receipt of payment are recognized as accounts receivable.

During the six months ended August 31, 2026 the Company recorded revenue of $54,694 and reported deferred revenue of $16,903. Accounts receivable was $0 as of August 31, 2026.

During the six months ended August 31, 2025 the Company recorded revenue of $9,581 and reported deferred revenue of $14,819. Accounts receivable was $0 as of August 31, 2025.

Foreign Currency

The Company’s functional and reporting currency is the U.S. dollar. Transactions may occur in foreign currencies and management follows ASC 830, “Foreign Currency Matters”. Monetary assets and liabilities denominated in foreign currencies are translated using the exchange rate prevailing at the balance sheet date. Non-monetary assets and liabilities denominated in foreign currencies are translated at rates of exchange in effect at the date of the transaction. Average monthly rates are used to translate revenues and expenses. Gains and losses arising on translation or settlement of foreign currency denominated transactions or balances are included in the Statement of Operations.

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Dividends

The Company has not adopted any policy regarding payment of dividends. No dividends have been paid during the periods presented.

Income Taxes

The Company accounts for income taxes under the asset and liability method, whereby deferred tax assets and liabilities are determined based on the difference between the financial statement and tax bases of assets and liabilities using the enacted tax rates in effect for the year in which the differences are expected to affect taxable income. A valuation allowance is established when necessary to reduce deferred tax assets to the amounts expected to be realized.

Segment Reporting

The Company operates as a single operating and reportable segment, providing monthly subscription service packages. Our Chief Executive Officer is our Chief Operating Decision Maker (“CODM”) who evaluates and makes operating decisions about allocation resources considering our single geographical area and on a consolidated basis. Accordingly, the CODM considers revenue and operating expenses of our single operating segment as reported on the statement of operations and considers our current and total assets as recorded on the balance sheet. There are no additional expense or asset information that are supplemental to those disclosed on these financial statements that are regularly provided to the CODM.

Recent Accounting Pronouncements

In November 2024, the FASB issued ASU 2024-03, Disaggregation of Income Statement Expenses (as clarified by ASU 2025-01), which requires additional disclosure of specific expense categories, including employee compensation, depreciation and amortization. It is effective for fiscal years beginning after December 15, 2026, and interim periods within fiscal years beginning after December 15, 2027. The ASU affects disclosures only.

In September 2025, the FASB issued ASU 2025-06, Targeted Improvements to the Accounting for Internal-Use Software, effective for fiscal years beginning after December 15, 2027. The Company is evaluating its impact on capitalized software development costs.

Management has determined that no other recently adopted or issued accounting standards had or will have a material impact on the Company’s financial statements.

Note 4 – Intangible Assets

As of August 31, 2026, we recognized capitalized costs of $121,390 consisting of website and API. The website was placed in service on May 15, 2025, and the API was placed in service on June 10, 2025, and are expected to be amortized over 5 years on a straight-line basis.

Accumulated amortization as of August 31, 2026 and February 28, 2026 was $25,440 and $13,471, respectively.

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Intangible assets amounts are as follows:

Note 5 – Capital Stock

The Company has 75,000,000 common shares authorized with a par value of $0.001 per share. 

During the period from November 11, 2024 (Inception) to February 28, 2025 the Company has issued 3,500,000 shares of common stock.

During the year ended February 28, 2026, the Company issued 1,761,400 shares of common stock for cash proceeds of $44,035.

During the six months ended August 31, 2026, the Company did not issue any shares of common stock.

As of August 31, 2026, the Company had 5,261,400 shares issued and outstanding.

Note 6 – Related Party Transactions

To support the Company's financial needs, it may obtain advances from related parties until such time that it can sustain its operations or secure sufficient funding through the sale of its equity or traditional debt financing.

As of August 31, 2026, our President, Chief Executive Officer, Chief Financial Officer, Treasurer, Secretary and Director, Edgar Ulises Rodriguez Velazquez had advanced $95,080 (compared to $84,730 as of February 28, 2026) under the original loan agreement dated November 11, 2024 for advances up to $200,000.

The loan is non-interest-bearing and has no fixed calendar maturity date. The agreement provides for repayment when the Company has sufficient available funds or begins generating revenue, with the timing of repayment subject to the Company’s reasonable discretion in light of its financial circumstances. No late-payment penalties or default interest apply.

Note 7 – Commitments and Contingencies

Litigation

The Company was not subject to any legal proceedings.

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Note 8 – Subsequent Events

In accordance with ASC 855, “Subsequent Events”, the Company has analyzed its operations subsequent to August 31, 2026 and has determined that it does not have any material subsequent events to disclose in these financial statements except for the following.

On September 17, 2026, subsequent to the reporting period, Reyes Rafael Santana Camilo was elected to the Board of Directors of the Company. On September 21, 2026, the Company filed a Current Report on Form 8-K under Item 5.02 (Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers) to report this appointment.

Reyes Rafael Santana Camilo, age 33, has served as a Business Consultant with DF Business Consulting in Barcelona, Spain, since 2023, advising clients on business planning, performance analysis and strategic development. Prior to joining DF Business Consulting, he worked as a Business Analyst from 2020 to 2023 and as a Junior Business Analyst from 2017 to 2020. Mr. Santana Camilo earned a Bachelor’s degree in Economics from the Universitat de Barcelona and subsequently completed a Master’s degree in Economics at the same institution, where he developed expertise in economic analysis, quantitative methods and business strategy. Mr. Santana Camilo was appointed as a director of the Company in September 2026.

There are no arrangements or understandings between Mr. Santana Camilo and any other person pursuant to which he was selected as director. Mr. Santana Camilo does not have any familial relationship with any director or other executive officer of the Company or any person nominated or chosen by the Company to become a director or executive officer, and there are no transactions in which Mr. Santana Camilo has an interest requiring disclosure under Item 404(a) of Regulation S-K.

Except as described above, the Company identified no other material subsequent events requiring recognition or disclosure in these condensed financial statements.

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Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

Forward Looking Statement Notice

Statements made in this Form 10-Q that are not historical or current facts are "forward-looking statements" made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 (the "Act") and Section 21E of the Securities Exchange Act of 1934. These statements often can be identified using terms such as "may," "will," "expect," "believe," "anticipate," "estimate," "approximate" or "continue," or the negative thereof. We intend that such forward-looking statements be subject to the safe harbors for such statements. We wish to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Any forward-looking statements represent management's best judgment as to what may occur in the future. However, forward-looking statements are subject to risks, uncertainties and crucial factors beyond our control that could cause actual results and events to differ materially from historical results of operations and events and those presently anticipated or projected. We disclaim any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statement or to reflect the occurrence of anticipated or unanticipated events.

Financial information contained in this quarterly report and in our unaudited interim financial statements is stated in United States dollars and are prepared in accordance with United States accepted accounting principles.

Company Overview

Dankon Corporation operates an online platform for generating congratulatory messages. This platform is designed to serve various users, including businesses and individuals. Our technology enables users to create personalized messages for a wide range of events and milestones. Our primary offering, the "Congratulations Generator" API was developed and launched in June 2025. Our platform (https://dankon.co/) provides a user-centric service designed for efficient and personalized congratulatory message creation.

Marketing 

The Company plans to begin its marketing program online where our potential customers are most probably able and willing to associate.

Government Regulation

Our operations are subject to a wide range of federal, state, and international laws and regulations governing online platforms, particularly those related to content generation, user data protection, and digital services. These regulations include privacy laws, data protection (including handling of minors' data), intellectual property rights, advertising, and marketing practices, as well as compliance with anti-corruption measures and industry-specific standards.

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We are committed to ensuring full compliance with all relevant laws and regulations that apply to our industry. This includes adhering to privacy protection laws, ensuring the security of user data, and following all applicable guidelines for online content and service delivery. We place a strong emphasis on upholding the highest standards of ethics, user privacy, and data protection in all aspects of our business operations.

Given the evolving nature of online platforms and digital services, we acknowledge that the regulatory environment is constantly changing. New laws, updates to existing regulations, and shifts in how regulations are applied may impact our business. This includes potential amendments or new interpretations of current laws, as well as rulings from regulatory bodies and courts at the federal, state, or international level. These changes may arise rapidly or develop over time through judicial decisions or as new guidelines are issued by regulatory authorities.

As we continue to expand our business and introduce new features, services, or markets, we recognize the possibility of encountering additional regulatory requirements or restrictions. This could include limitations on operating in specific regions or the need to comply with additional laws based on our business activities. We are dedicated to staying informed of regulatory changes and adapting our practices to remain compliant with all legal obligations.

Employees

As of August 31, 2026, the Company had no employees under formal employment agreements.

Our operations are currently managed by our President, Chief Executive Officer, Chief Financial Officer, Treasurer, Secretary and Director, Edgar Ulises Rodriguez Velazquez, and two of our other directors, Tomasz Iwanski and Reyes Rafael Santana Camilo.

Overview

The following discussion of our financial condition and results of operations should be read in conjunction with our audited financial statement as of February 28, 2026.

Results of Operations

Three and six months ended August 31, 2026 and August 31, 2025

Revenue

For the three and six months ended August 31, 2026 we generated total revenue of $21,027 and $54,694, respectively, compared to $9,581 for the three and six months ended August 31, 2025.

Operating expenses

Total operating expenses for three months ended August 31, 2026 were $37,713, compared to $33,223 for the three months ended August 31, 2025.

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The operating expenses for 2026 included amortization expense ($6,069), bank service charges ($27), office expense ($87), professional fees ($23,835), registered agent services ($45), server lease expense ($3,750) and website support services ($3,900).

For the three months ended August 31, 2025 the operating expenses included bank service charges ($76), amortization expense ($3,557), professional fees ($3,150), marketing services ($9,650), server lease expense ($3,750), IT and Development services ($13,040).

Total operating expenses for six months ended August 31, 2026 were $60,404, compared to $47,025 for the six months ended August 31, 2025.

The operating expenses for 2026 included amortization expense ($11,970), bank service charges ($103), office expense ($174), professional fees ($32,760), registered agent services ($90), server lease expense ($7,500), website support services ($7,800) and an exchange loss of ($7).

For the six months ended August 31, 2025 the operating expenses included bank service charges ($163), amortization expense ($3,557), professional fees ($9,615), marketing services ($9,650), server lease expense ($7,500), IT and Development services ($16,540).

Net Loss

Our Net Loss for three months ended August 31, 2026 was $16,686, compared to $23,642 for the three months ended August 31, 2025.

Our Net Loss for six months ended August 31, 2026 was $5,710, compared to $37,444 for the six months ended August 31, 2025.

Liquidity and Capital Resources

As of August 31, 2026, our accumulated deficit was $53,555. During the six months ended August 31, 2026, the Company incurred a net loss of $5,710 and used cash in operations of $3,413, compared to a net loss of $37,444 and cash used in operations of $46,068 for the six months ended August 31, 2025. The Company's low cash balance of $3,621 as of August 31, 2026 and continued reliance on financing from its Chief Executive Officer raise substantial doubt about our ability to continue as a going concern. In the opinion of our management, additional funding may be required to meet our development goals for the next twelve months. Funding may be raised through continued revenue generation, equity financing, debt financing, or other sources, which may result in the dilution in the equity ownership of our shares.

Operational Cash Flows

We had operating cash outflows of $3,413 for the six months ended August 31, 2026, compared to $46,068 for the six months ended August 31, 2025. The primary allocation of cash has been directed towards general working capital needs, reflecting the ongoing operational requirements of the business.

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Investing Cash Flows

Our Company invested $7,200 to develop intangible assets during the six months ended August 31, 2026, compared to $39,200 during the six months ended August 31, 2025.

Financing Cash Flow

Net cash provided by financing activities for the six months ended August 31, 2026 was $10,350, which included loans from related parties. For the six months ended August 31, 2025 net cash provided by financing activities was $85,250, which included loans from related parties of $60,500, $24,675 received from the sale of common shares and $75 received from the stock subscription liability.

Current Financial Condition

As of August 31, 2026, the Company generated $54,694 revenue and incurred a net loss of $5,710 (compared to $9,581 revenue and a net loss of $37,444 as of August 31, 2025). Additionally, the Company is reporting an accumulated deficit since inception of $53,555 (compared to $43,674 as of August 31, 2025).

The Company relies in part on financing from its Chief Executive Officer and director under the loan agreement dated November 11, 2024. At August 31, 2026, the outstanding balance was $95,080. The loan bears no interest and has no fixed calendar maturity date. Repayment is contingent on the Company having sufficient available funds or beginning to generate revenue, with repayment timing subject to the Company’s reasonable discretion considering its financial circumstances. Because the Company has begun generating revenue, management considers potential repayments under this agreement in assessing its liquidity requirements. The lender may also elect to convert the outstanding balance into common stock at fair market value at the time of conversion, subject to written documentation and Board authorization.

Item 3. Quantitative and Qualitative Disclosures About Market Risk

None

Item 4. Controls and Procedures

Evaluation of Disclosure Controls and Procedures

Our management is responsible for establishing and maintaining a system of disclosure controls and procedures (as defined in Rule 13a-15(e) and 15d-15(e) under the Exchange Act) that is designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the Commission’s rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by an issuer in the reports that it files or submits under the Exchange Act is accumulated and communicated to the issuer’s management, including its principal executive officer or officers and principal financial officer or officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.

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An evaluation was conducted under the supervision and with the participation of our management of the effectiveness of the design and operation of our disclosure controls and procedures as of August 31, 2026. Based on that evaluation, our management concluded that our disclosure controls and procedures were not effective as of such date to ensure that information required to be disclosed in the reports that we file or submit under the Exchange Act, is recorded, processed, summarized and reported within the time periods specified in SEC rules and forms.

Changes in Internal Control over Financial Reporting

During the six months ended August 31, 2026 there were no changes to our system of internal controls over financial reporting.

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PART II. OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

We know of no legal proceedings to which we are a party or to which any of our property is the subject which are pending, threatened or contemplated or any unsatisfied judgments against us.

ITEM 1A. RISK FACTORS

None

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

None

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None

ITEM 4. MINE SAFETY DISCLOSURES

None

ITEM 5. OTHER INFORMATION

None

ITEM 6. EXHIBITS

The following exhibits are filed or furnished with this report, as indicated below:

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SIGNATURES 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this quarterly report to be signed on its behalf by the undersigned, there unto duly authorized on October 15, 2026.

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