{"url_path":"/sec/fstj/10-q/2026/cover-page","section_key":"cover-page","section_title":"Cover Page","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-15","source_url":"https://www.sec.gov/Archives/edgar/data/1525306/0001477932-26-003147-index.html","accession_number":"0001477932-26-003147","cik":"0001525306","ticker":"FSTJ","issuer_name":"First America Resources Corp","edgar_url":"https://www.sec.gov/Archives/edgar/data/1525306/0001477932-26-003147-index.html","primary_entity_key":"0001525306","primary_entity_name":"First America Resources Corp"},"word_count":893,"has_tables":true,"body_markdown":"fstj_10q.htm\n0001525306false--12-31Q12026000-56816Common Stock, $0.001 par value0.001500000000879640908796409087964090falsefalsefalsefalse51900070700022893300015253062026-01-012026-03-310001525306fstj:JianLiMember2026-03-310001525306fstj:JianLiMember2025-12-310001525306fstj:FirstAmericanManagementGroupCorpMember2025-12-310001525306fstj:FirstAmericanManagementGroupCorpMember2026-03-310001525306fstj:FAMCMember2026-03-310001525306fstj:FAMCMember2026-01-012026-03-310001525306fstj:FAMCMember2025-01-012025-03-310001525306fstj:FAMCMember2025-12-310001525306fstj:VendorAMember2026-03-310001525306fstj:VendorAMember2025-12-310001525306fstj:CustomerCMember2025-01-012025-12-310001525306fstj:CustomerCMember2026-01-012026-03-310001525306fstj:CustomerDMember2025-01-012025-12-310001525306fstj:CustomerEMember2025-01-012025-12-310001525306fstj:CustomerAMember2025-01-012025-12-310001525306fstj:CustomerBMember2026-01-012026-03-310001525306fstj:CustomerBMember2025-01-012025-03-310001525306fstj:CustomerAMember2026-01-012026-03-310001525306fstj:CustomerAMember2025-01-012025-03-310001525306us-gaap:RetainedEarningsMember2026-03-310001525306us-gaap:AdditionalPaidInCapitalMember2026-03-310001525306fstj:CommonStockMeTechMember2026-03-310001525306us-gaap:CommonStockMember2026-03-310001525306us-gaap:RetainedEarningsMember2026-01-012026-03-310001525306us-gaap:AdditionalPaidInCapitalMember2026-01-012026-03-310001525306fstj:CommonStockMeTechMember2026-01-012026-03-310001525306us-gaap:CommonStockMember2026-01-012026-03-310001525306us-gaap:RetainedEarningsMember2025-12-310001525306us-gaap:AdditionalPaidInCapitalMember2025-12-310001525306fstj:CommonStockMeTechMember2025-12-310001525306us-gaap:CommonStockMember2025-12-3100015253062025-03-310001525306us-gaap:RetainedEarningsMember2025-03-310001525306us-gaap:AdditionalPaidInCapitalMember2025-03-310001525306fstj:CommonStockMeTechMember2025-03-310001525306us-gaap:CommonStockMember2025-03-310001525306us-gaap:RetainedEarningsMember2025-01-012025-03-310001525306us-gaap:AdditionalPaidInCapitalMember2025-01-012025-03-310001525306fstj:CommonStockMeTechMember2025-01-012025-03-310001525306us-gaap:CommonStockMember2025-01-012025-03-3100015253062024-12-310001525306us-gaap:RetainedEarningsMember2024-12-310001525306us-gaap:AdditionalPaidInCapitalMember2024-12-310001525306fstj:CommonStockMeTechMember2024-12-310001525306us-gaap:CommonStockMember2024-12-3100015253062024-01-012024-12-310001525306us-gaap:RetainedEarningsMember2024-01-012024-12-310001525306us-gaap:AdditionalPaidInCapitalMember2024-01-012024-12-310001525306fstj:CommonStockMeTechMember2024-01-012024-12-310001525306us-gaap:CommonStockMember2024-01-012024-12-3100015253062023-12-310001525306us-gaap:RetainedEarningsMember2023-12-310001525306us-gaap:AdditionalPaidInCapitalMember2023-12-310001525306fstj:CommonStockMeTechMember2023-12-310001525306us-gaap:CommonStockMember2023-12-3100015253062025-01-012025-03-3100015253062025-12-3100015253062026-03-3100015253062026-05-14iso4217:USDxbrli:sharesiso4217:USDxbrli:sharesxbrli:pure\n\n \n\n \n\n**UNITED STATES**\n\n**SECURITIES AND EXCHANGE COMMISSION**\n\n**Washington, D.C. 20549**\n\n \n\n**FORM 10-Q**\n\n \n\n☒\n\nQUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\n \n\nFor the quarterly period ended **March 31, 2026**\n\n \n\n☐\n\nTRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT\n\n \n\nFor the transition period from _________ to _________\n\n \n\n**First America Resources Corporation**\n\n(Name of small registrant as specified in its charter)\n\n \n\n**Nevada**\n\n \n\n**5065**\n\n \n\n**27-2563052**\n\n(State or other jurisdiction of\n\nincorporation or organization)\n\n \n\n(Primary Standard Industrial\n\nClassification Code Number)\n\n \n\n(IRS I.D.)\n\n \n\n**1000 East Armstrong Street**\n\n**Morris, IL**\n\n \n\n**60450**\n\n(Address of principal executive offices)\n\n \n\n(Zip Code)\n\n \n\nSEC File No. **333-175482**\n\n \n\nIssuer’s telephone number: **815-941-9888**\n\n \n\nIndicate 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 ☒     No ☐\n\n \n\nIndicate 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 ☒     No ☐\n\n \n\nIndicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth 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.\n\n \n\nLarge accelerated filer\n\n☐\n\nAccelerated filer\n\n☐\n\nNon-accelerated filer\n\n☒\n\nSmaller reporting company\n\n☒\n\nEmerging growth company\n\n☐\n\n \n\nIf 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. ☐\n\n \n\nIndicate by 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 of May 14, 2026, there were 87,964,090 shares issued and outstanding of the registrant’s common stock.\n\n \n\n \n\n \n\n \n\nINTRODUCTORY COMMENT\n\n \n\nThroughout this Quarterly Report on Form 10-Q, the terms “we,” “us,” “our,” “First America Resources Corporation,” or the “Company” refers to First America Resources Corporation, a Nevada corporation.\n\n \n\nSPECIAL NOTE ABOUT FORWARD LOOKING STATEMENTS\n\n \n\nThis Quarterly Report on Form 10-Q contains statements that are, or may be considered to be, forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995, as amended, Section 27 A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements that are not historical facts, including statements about our beliefs or expectations, are forward-looking statements. These statements may be identified by such forward-looking terminology as “expect,” “estimate,” “intend,” “believe,” “anticipate,” “may,” “will,” “should,” “could,” “continue,” “project,” “opportunity,” “predict,” “would,” “potential,” “future,” “forecast,” “guarantee,” “assume,” “likely,\" “target” or similar statements or variations of such terms.\n\n \n\nOur forward-looking statements are based on a series of expectations, assumptions and projections about our Company and the markets in which we operate, and are not guarantees of future results or performance, and involve substantial risks and uncertainty, including assumptions and projections concerning our assets under management, net cash inflows and outflows, operating cash flows and future credit facilities, for all future periods. All of our forward-looking statements contained in this Quarterly Report on Form 10-Q are as of the date of the Report only.\n\n \n\nWe can give no assurance that such expectations or forward-looking statements will prove to be correct. Actual results may differ materially. We do not undertake or plan to update or revise any such forward-looking statements to reflect actual results, changes in plans, assumptions, estimates or projections, or other circumstances occurring after the date of the Original Report, even if such results, changes or circumstances make it clear that any forward-looking information will not be realized. If there are any future public statements or disclosures by us which modify or impact any of the forward-looking statements contained in or accompanying this Quarterly Report on Form 10-Q, such statements or disclosures will be deemed to modify or supersede such statements in this Quarterly Report on Form 10-Q.\n\n \n\nCertain other factors which may impact our continuing operations, prospects, financial results and liquidity or which may cause actual results to differ from such forward-looking statements are discussed or included in the Company’s periodic reports filed with the SEC and are available on at www.otcmarkets.com. You are urged to carefully consider all such factors.\n\n \n\n \n\n \n\n \n\n**TABLE OF CONTENTS**\n\n \n\n**PART I - FINANCIAL INFORMATION**\n\n[Item 1.](#I1)\n\n[Financial Statements](#I1)\n\n4\n\n[Item 2.](#I2)\n\n[Management’s Discussion and Analysis of Financial Condition and Results of Operations](#I2)\n\n11\n\n[Item 3.](#I3)\n\n[Quantitative and Qualitative Disclosure about Market Risk](#I3)\n\n13\n\n[Item 4.](#I4)\n\n[Controls and Procedures](#I4)\n\n13\n\n**PART II - OTHER INFORMATION**\n\n[Item 1.](#IT1)\n\n[Legal Proceedings](#IT1)\n\n14\n\n[Item 1A.](#IT1a)\n\n[Risk Factors](#IT1a)\n\n14\n\n[Item 2.](#IT2)\n\n[Unregistered Sales of Equity Securities and Use of Proceeds](#IT2)\n\n14\n\n[Item 3.](#IT3)\n\n[Defaults Upon Senior Securities](#IT3)\n\n14\n\n[Item 4.](#IT4)\n\n[Mine Safety Disclosures](#IT4)\n\n14\n\n[Item 5.](#IT5)\n\n[Other Information](#IT5)\n\n14\n\n[Item 6.](#IT6)\n\n[Exhibits](#IT6)\n\n15\n\n \n\n \n\n3\n\n*Table of Contents*\n\n  \n\n**PART I - FINANCIAL INFORMATION**"}