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EXCHANGE COMMISSION**\n\n**Washington,\nD.C. 20549**\n\n \n\n**FORM\n10-Q**\n\n \n\n☒\n**QUARTERLY\nREPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**\n\n \n\nFor\nthe quarterly period ended March 31, 2026\n\n \n\nor\n\n \n\n☐\n**TRANSITION\nREPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**\n\n \n\nFor\nthe transition period from __________to _________\n\n \n\n**001-39732**\n\nCommission\nFile Number\n\n \n\n**Alset\nInc.**\n\n(Exact\nname of registrant as specified in its charter)\n\n \n\n**texas**\n \n**83-1079861**\n\nState\nor other jurisdiction of\n\nincorporation\nor organization\n\n \n\n(I.R.S.\nEmployer\n\nIdentification\nNo.)\n\n \n\n**4800\nMontgomery Lane, Suite 210,**\n\n**Bethesda,\nMaryland**\n\n \n**20814**\n\n(Address\nof principal executive offices)\n \n(Zip\nCode)\n\n \n\n**301-971-3940**\n\nRegistrant’s\ntelephone number, including area code\n\n \n\nSecurities\nregistered pursuant to Section 12(b) of the Act:\n\n \n\n**Title\nof Each Class**\n \n**Trading\nSymbol(s)**\n \n**Name\nof Each Exchange on Which Registered**\n\nCommon\nStock, $0.001 par value\n \nAEI\n \nThe\nNasdaq Stock Market LLC\n\n \n\nIndicate\nby check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange\nAct of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2)\nhas been subject to such filing requirements for the past 90 days. Yes ☒ No ☐\n\n \n\nIndicate\nby check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule\n405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant\nwas required to submit such files). Yes ☒ No ☐\n\n \n\nIndicate\nby check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting\ncompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer”,\n“smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.\n\n \n\nLarge\naccelerated filer\n☐\nAccelerated\nfiler\n☐\n\nNon-accelerated\nfiler\n☒\nSmaller\nreporting company\n☒\n\n \n \nEmerging\ngrowth company\n☐\n\n \n\nIf\nan emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying\nwith any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐\n\n \n\nIndicate\nby check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒\n\n \n\nAs\nof May 14, 2026 there were 38,895,830 shares of the registrant’s common stock $0.001 par value per share outstanding.\n\n \n\n \n\n \n\n \n\n \n\n** **\n\n**Table\nof Contents**\n\n \n\n**PART\nI FINANCIAL INFORMATION**\nF-1\n\n \n \n\n[Item\n1. Financial Statements (Unaudited)](#ta_002)\nF-1\n\n \n \n\n[Condensed\nConsolidated Balance Sheets – March 31, 2026 (Unaudited) and December 31, 2025](#ta_003)\nF-1\n\n \n \n\n[Condensed\nConsolidated Statements of Operations and Other Comprehensive Loss – Three Months Ended March 31, 2026 and 2025 (Unaudited)](#ta_004)\nF-2\n\n \n \n\n[Condensed\nConsolidated Statements of Stockholders’ Equity – Three Months Ended March 31, 2026 and 2025 (Unaudited)](#ta_005)\nF-3\n\n \n \n\n[Condensed\nConsolidated Statements of Cash Flows – Three Months Ended March 31, 2026 and 2025 (Unaudited)](#ta_006)\nF-4\n\n \n \n\n[Notes\nto Condensed Consolidated Financial Statements (Unaudited)](#ta_007)\nF-5\n\n \n \n\n[Item\n2. Management’s Discussion and Analysis of Financial Condition and Results of Operations](#ta_008)\n3\n\n \n \n\n[Item\n3. Quantitative and Qualitative Disclosure About Market Risk](#ta_009)\n11\n\n \n \n\n[Item\n4. Controls and Procedures](#ta_010)\n11\n\n \n \n\n**PART\nII OTHER INFORMATION**\n12\n\n \n \n\n[Item\n1. Legal Proceedings](#ta_012)\n12\n\n \n \n\n[Item\n1A. Risk Factors](#ta_013)\n12\n\n \n \n\n[Item\n2. Unregistered Sales of Equity Securities and Use of Proceeds](#ta_014)\n12\n\n \n \n\n[Item\n3. Defaults Upon Senior Securities](#ta_015)\n12\n\n \n \n\n[Item\n4. Mine Safety Disclosures](#ta_016)\n12\n\n \n \n\n[Item\n5. Other Information](#ta_017)\n12\n\n \n \n\n[Item\n6. Exhibits](#ta_018)\n12\n\n \n \n\n[SIGNATURES](#ta_019)\n13\n\n \n\n1\n\n \n\n** **\n\n**Part\nI. Financial Information**"}