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STATES**\n\n**SECURITIES AND EXCHANGE COMMISSION**\n\nWashington, D.C. 20549\n\n \n\n**FORM 10-Q**\n\n \n\n(Mark One) \n\n[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR\n15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\n \n\nFor the quarterly period ended **February 28,\n2026**\n\n \n\nor\n\n \n\n[_] TRANSITION REPORT UNDER SECTION 13 OR 15(d)\nOF THE SECURITIES EXCHANGE ACT OF 1934\n\n \n\nFor the transition period from __________ to ______________\n\n \n\nCommission File Number:  **000-52365**\n\n \n\n**PREAXIA HEALTH CARE PAYMENT SYSTEMS INC.**\n\n (Exact name of registrant\nas specified in its charter)\n\n \n\n**Nevada**\n**20-4395271**\n\n(State or other jurisdiction of incorporation or organization)\n(I.R.S. Employer Identification No.)\n\n \n\n**PO Box 368, Dunedin FL 34698**\n\n(Address of principal executive offices) (Zip Code)\n\n \n\n**(403) 850-4120**\n\n(Registrant’s telephone number, including\narea code)\n\n \n\nSecurities registered pursuant to Section 12(b)\nof the Act: **None**\n\n \n\nSecurities registered pursuant to Section 12(g)\nof the Act:\n\n \n\n**Common Stock, $0.001 par value**\n\n(Title of class)\n\n \n\nIndicate by check mark whether the registrant\n(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\n(or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements\nfor the past 90 days. Yes [X]  No [_]\n\n \n\nIndicate by check mark whether the registrant\nhas submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405\nof this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes\n[X] No [_]\n\n \n\nIndicate by check mark whether the registrant\nis a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company.  See\nthe definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and\n“emerging growth company” in Rule 12b-2 of the Exchange Act.\n\n \n\nLarge accelerated filer\n[_]\n \nAccelerated filer\n[_]\n\nNon-accelerated filer\n[X]\n \nSmaller reporting company\n[X]\n\nEmerging growth company\n[_]\n \n \n \n\n \n\n \n\n \n\n \n\n \n\nIf an emerging growth company, indicate by check\nmark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting\nstandards provided pursuant to Section 13(a) of the Exchange Act. [_]\n\n \n\nIndicate by check mark whether the registrant is a shell company (as\ndefined in Rule 12b-2 of the Exchange Act.) \n\nYes [_]  No [X]\n\n \n\n**APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY**\n\n**PROCEEDINGS DURING THE PRECEDING FIVE YEARS:**\n\n \n\nIndicate by check mark whether the registrant\nfiled all documents and reports required to be filed by Section 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the\ndistribution of securities under a plan confirmed by a court.    \n\nYes [_]  No [_]\n\n \n\n**APPLICABLE ONLY TO CORPORATE ISSUERS**\n\n \n\nIndicate the number of shares outstanding of each\nof the issuer’s classes of common stock, as of the latest practicable date.\n\n \n\nAs of April 29, 2026 the registrant had 44,714,782 outstanding shares\nof Common Stock.\n\n \n\n \n\n \n\n \n\n \n\n \n\n**PREAXIA HEALTH CARE PAYMENT SYSTEMS INC.**\n\n** **\n\n \n\n \n\n**TABLE OF CONTENTS**\n\n \n\nPART I – FINANCIAL INFORMATION\n1"}