{"url_path":"/sec/gpox/10-k/2026/item-7a","section_key":"item-7a","section_title":"Item 7A QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK**","topic":"sec","document":{"doc_type":"10-K","doc_date":"2026-08-11","source_url":"https://www.sec.gov/Archives/edgar/data/1673475/0001640334-26-001304-index.html","accession_number":"0001640334-26-001304","cik":"0001673475","ticker":"GPOX","issuer_name":"GPO Plus, Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1673475/0001640334-26-001304-index.html","primary_entity_key":"0001673475","primary_entity_name":"GPO Plus, Inc."},"word_count":886,"has_tables":true,"body_markdown":"**ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK**\n\n \n\nAs a “smaller reporting company” as defined by Item 10 of Regulation S-K, the Company is not required to provide information required by this Item.\n\n \n\n \n\n15\n\n*Table of Contents*\n\n \n\n**Report on the Independent Registered Public Accounting Firm**\n\n \n\nBoard of Directors and Shareholders\n\n \n\nGPO Plus, Inc.\n\n3571 East Sunset Road, Suite 300\n\nLas Vegas, Nevada 89120\n\nUnited States\n\n \n\n**Opinion on the Financial Statements**\n\n \n\nWe have audited the accompanying balance sheets of GPO Plus, Inc (the “Company”) as of April 30, 2026, and 2025 and the related statements of operations and changes in stockholders’ deficit, and cash flows, for the year ended April 30, 2026, and 2025, and the related notes (collectively referred to as the “consolidated financial statements”). In our opinion, the consolidated financial statements present fairly, in all material respects, the financial position of the Company as of April 30, 2026, and 2025, and the results of its operations and its cash flows for each of the years then ended, in conformity with accounting principles generally accepted in the United States of America.\n\n \n\n**Going Concern**\n\n \n\nThe accompanying financial statements have been prepared assuming that the entity will continue as a going concern. As discussed in Note 2 to the consolidated financial statements, the entity has suffered recurring losses from operations, has an accumulated deficit and has a net capital deficiency that raise substantial doubt about its ability to continue as a going concern. Management's plans in regard to these matters are also described in Note 2. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.\n\n \n\n**Basis for Opinion**\n\n \n\nThese financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on these financial statements based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.\n\n \n\nWe conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion.\n\n \n\nOur audit included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audit provides a reasonable basis for our opinion.\n\n \n\n \n\n16\n\n*Table of Contents*\n\n \n\n**Critical Audit Matters**\n\n \n\nCritical audit matters are matters arising from the current period audit of the financial statements that were communicated or required to be communicated to the Board of Directors and that (1) relate to accounts or disclosures that are material to the financial statements and (2) involved our especially challenging, subjective, or complex judgements. The communication of critical audit matters does not alter in any way our opinion on the financial statements, taken as a whole, and we are not, by communicating the critical audit matters below, providing separate opinions on the critical audit matters or on the accounts or disclosures to which they relate.\n\n \n\n**Accounting for Promissory Notes and Related Debt Transactions**\n\nAs of April 30, 2026, the Company reported promissory notes payable, net of debt discount, of approximately $3.75 million. During the year, the Company entered into multiple financing transactions involving promissory notes, loan inducements, debt extensions, debt conversions into common stock, and debt repayments through equity issuances. The accounting for these transactions required significant management judgment in determining the appropriate accounting treatment, measuring debt discounts, recognizing non-cash interest expense, and evaluating debt modifications under U.S. GAAP. Because auditing these transactions involved especially challenging and complex auditor judgment, we determined that the accounting for promissory notes and related debt transactions was a critical audit matter.\n\n \n\n**How the Matter Was Addressed in the Audit**\n\nOur audit procedures related to this critical audit matter included, among others, the following: \n\n \n\n·\nWe inspected the underlying promissory note agreements, amendments, and debt conversion documents.\n\n \n\n·\nWe evaluated management's accounting for debt issuances, modifications, conversions, and related debt discounts in accordance with U.S. GAAP.\n\n \n\n·\nWe recalculated debt discount amortization, non-cash interest expense, and equity issued in connection with debt transactions.\n\n \n\n·\nWe tested the completeness and accuracy of promissory note balances and related disclosures in the financial statements.\n\n \n\n/s/ Bush & Associates CPA LLC \n\n \n\nWe have served as the Company’s auditor since 2025.\n\nLas Vegas, Nevada\n\nAug 10, 2026\n\nPCAOB ID Number 6797\n\n \n\n \n\n17\n\n*Table of Contents*"}