{"url_path":"/sec/gpox/10-k/2026/item-8","section_key":"item-8","section_title":"Item 8 FINANCIAL STATEMENT AND SUPPLEMENTARY DATA**","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":12106,"has_tables":true,"body_markdown":"**ITEM 8. FINANCIAL STATEMENT AND SUPPLEMENTARY DATA**\n\n \n\n**GPO PLUS, INC.**\n\n**BALANCE SHEETS**\n\n \n\n \n\n \n\n**April 30,**\n\n \n\n \n\n**April 30,**\n\n \n\n \n\n \n\n**2026**\n\n \n\n \n\n**2025**\n\n \n\n**ASSETS**\n\n \n\n \n\n \n\n \n\n \n\n \n\nCurrent Assets:\n\n \n\n \n\n \n\n \n\n \n\n \n\nCash\n\n \n$7,506\n \n\n \n$336,249\n \n\nAccounts receivable\n\n \n\n \n-\n \n\n \n\n \n55,012\n \n\nPrepaid expenses\n\n \n\n \n33,899\n \n\n \n\n \n3,665\n \n\nInventory, net\n\n \n\n \n32,801\n \n\n \n\n \n83,299\n \n\nTotal Current Assets\n\n \n\n \n74,206\n \n\n \n\n \n478,225\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\nFinance lease right-of-use assets, net\n\n \n\n \n367,425\n \n\n \n\n \n206,031\n \n\nProperty and equipment, net\n\n \n\n \n55,229\n \n\n \n\n \n96,968\n \n\nIntangible assets, net\n\n \n\n \n-\n \n\n \n\n \n5,254\n \n\n**TOTAL ASSETS**\n\n \n$496,860\n \n\n \n$786,478\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n**LIABILITIES AND STOCKHOLDERS' DEFICIT**\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\nCurrent Liabilities:\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\nAccounts payable and accrued liabilities\n\n \n\n \n1,034,205\n \n\n \n\n \n1,511,492\n \n\nAccrued interest\n\n \n\n \n551,996\n \n\n \n\n \n504,811\n \n\nAccrued liabilities - related parties\n\n \n\n \n404,389\n \n\n \n\n \n338,502\n \n\nDeposits\n\n \n\n \n-\n \n\n \n\n \n8,213\n \n\nConvertible note payable, net of debt discount of $0\n\n \n\n \n-\n \n\n \n\n \n28,000\n \n\nPromissory note payable, net of debt discount of $50,279 and $104,248, respectively\n\n \n\n \n3,747,081\n \n\n \n\n \n2,630,844\n \n\nFinance lease liabilities\n\n \n\n \n207,147\n \n\n \n\n \n63,027\n \n\nStock payable - related parties\n\n \n\n \n36,558\n \n\n \n\n \n12,395\n \n\nStock payable\n\n \n\n \n718,171\n \n\n \n\n \n937,907\n \n\nTotal Current Liabilities\n\n \n\n \n6,699,547\n \n\n \n\n \n6,035,191\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\nFinance lease liabilities - non-current\n\n \n\n \n196,552\n \n\n \n\n \n126,446\n \n\nTotal Liabilities\n\n \n\n \n6,896,099\n \n\n \n\n \n6,161,637\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\nCommitments and Contingencies (Note 11)\n\n \n\n \n-\n \n\n \n\n \n-\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\nFounders Series A Non-Voting Redeemable Preferred Stock, $0.0001 par value, $15 stated value; 500,000 shares authorized; 21,250 shares issued and outstanding\n\n \n\n \n167,154\n \n\n \n\n \n167,154\n \n\nSeries A Non-Voting Redeemable Preferred Stock, $0.0001 par value, $10 stated value; 175,000 designated; 175,000 shares issued and outstanding\n\n \n\n \n1,750,000\n \n\n \n\n \n1,750,000\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\nStockholders' Deficit:\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\nSeries A Preferred Shares, $0.0001 par value, 50,000,000 shares designated; 1,000,000 shares issued and outstanding\n\n \n\n \n100\n \n\n \n\n \n100\n \n\nSeries C Preferred Shares, $0.0001 par value, 175 shares designated; 146.5 shares issued and outstanding\n\n \n\n \n-\n \n\n \n\n \n-\n \n\nFounders Class A Common stock, $0.0001 par value, 10,000,000 shares authorized; 115,000 shares issued and outstanding\n\n \n\n \n12\n \n\n \n\n \n12\n \n\nCommon stock, $0.0001 par value, 250,000,000 shares authorized; 91,190,126 shares and 76,657,368 shares issued and outstanding issued and outstanding, respectively\n\n \n\n \n9,120\n \n\n \n\n \n7,666\n \n\nAdditional paid in capital\n\n \n\n \n37,870,631\n \n\n \n\n \n36,475,275\n \n\nAccumulated deficit\n\n \n\n \n(46,196,256)\n \n\n \n(43,775,366)\n\nTotal Stockholders' Deficit\n\n \n\n \n(8,316,393)\n \n\n \n(7,292,313)\n\n**TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT**\n\n \n$496,860\n \n\n \n$786,478\n \n\n \n\n*The accompanying notes are an integral part of these audited financial statements.*\n\n \n\n \n\n18\n\n*Table of Contents*\n\n \n\n**GPO PLUS, INC.**\n\n**STATEMENTS OF OPERATIONS**\n\n \n\n \n\n \n\n**Year Ended**\n\n \n\n \n\n \n\n** April 30,**\n\n \n\n \n\n \n\n**2026**\n\n \n\n \n\n**2025**\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n**Revenue**\n\n \n$5,512,066\n \n\n \n$4,744,856\n \n\n**Cost of revenue**\n\n \n\n \n4,097,932\n \n\n \n\n \n3,613,051\n \n\n**Gross Profit**\n\n \n\n \n1,414,134\n \n\n \n\n \n1,131,805\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n**Operating Expense**\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\nGeneral and administrative\n\n \n\n \n2,393,760\n \n\n \n\n \n1,819,725\n \n\nProfessional fees (including stock-based compensation of $395,118 and $1,304,642, respectively)\n\n \n\n \n876,746\n \n\n \n\n \n1,881,811\n \n\nProfessional fees - related parties (including stock-based compensation of $26,013 and $286,929, respectively)\n\n \n\n \n26,013\n \n\n \n\n \n286,929\n \n\nManagement fees and salaries - related parties\n\n \n\n \n227,927\n \n\n \n\n \n341,602\n \n\n**Total Operating Expense**\n\n \n\n \n3,524,446\n \n\n \n\n \n4,330,067\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n**Loss from operations**\n\n \n\n \n(2,110,312)\n \n\n \n(3,198,262)\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n**Other Income (Expense)**\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\nAccounts payable written off\n\n \n\n \n413,345\n \n\n \n\n \n-\n \n\nOther income (expense)\n\n \n\n \n(1,497)\n \n\n \n21,543\n \n\nInterest expense\n\n \n\n \n(722,426)\n \n\n \n(1,158,600)\n\n**Total Other Expense**\n\n \n\n \n(310,578)\n \n\n \n(1,137,057)\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n**Net Loss**\n\n \n$(2,420,890)\n \n$(4,335,319)\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n**Net Loss Per Common Share: Basic and Diluted**\n\n \n$(0.03)\n \n$(0.07)\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n**Weighted Average Number of Common Shares Outstanding: Basic and Diluted**\n\n \n\n \n85,692,521\n \n\n \n\n \n58,013,107\n \n\n   \n\n*The accompanying notes are an integral part of these audited financial statements.* \n\n \n\n \n\n19\n\n*Table of Contents*\n\n \n\n**GPO PLUS, INC.**\n\n**STATEMENTS OF CHANGES IN STOCKHOLDERS’ DEFICIT**\n\n**FOR THE YEARS ENDED APRIL 30, 2026, AND 2025**\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n**Stockholders' Deficit**\n\n \n\n \n\n \n\n**Founders Series A Non-Voting Redeemable Preferred Stock**\n\n \n\n \n\n**Series A Non-Voting Redeemable Preferred Stock**\n\n \n\n \n\n**Series A Convertible Preferred Shares**\n\n \n\n \n\n**Series C Preferred Shares**\n\n \n\n \n\n**Founders Class A Common stock**\n\n \n\n \n\n**Common stock**\n\n \n\n \n\n**Subscription**\n\n \n\n \n\n**Additional Paid In**\n\n \n\n \n\n**Accumulated**\n\n \n\n \n\n**Total Stockholders'**\n\n \n\n \n\n \n\n**Shares**\n\n \n\n \n\n**Amount**\n\n \n\n \n\n**Shares**\n\n \n\n \n\n**Amount**\n\n \n\n \n\n**Shares**\n\n \n\n \n\n**Amount**\n\n \n\n \n\n**Shares**\n\n \n\n \n\n**Amount**\n\n \n\n \n\n**Shares**\n\n \n\n \n\n**Amount**\n\n \n\n \n\n**Shares**\n\n \n\n \n\n**Amount**\n\n \n\n \n\n**Receivable**\n\n \n\n \n\n**Capital**\n\n \n\n \n\n**Deficit**\n\n \n\n \n\n**Deficit**\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n**Balance, April 30, 2024**\n\n \n\n \n**21,250**\n \n\n \n**$****167,154**\n \n\n \n\n \n**175,000**\n \n\n \n**$****1,750,000**\n \n\n \n\n \n**1,000,000**\n \n\n \n**$****100**\n \n\n \n\n \n**105**\n \n\n \n**$****-**\n \n\n \n\n \n**115,000**\n \n\n \n**$****12**\n \n\n \n\n \n**57,518,014**\n \n\n \n**$****5,752**\n \n\n \n**$****-**\n \n\n \n**$****33,971,357**\n \n\n \n**$****(39,440,047****)**\n \n**$****(5,462,826****)**\n\nIssuance of common stock for loan inducement\n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n3,099,000\n \n\n \n\n \n310\n \n\n \n\n \n-\n \n\n \n\n \n127,359\n \n\n \n\n \n**-**\n \n\n \n\n \n127,669\n \n\nIssuance of common stock for loan extension\n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n4,516,317\n \n\n \n\n \n452\n \n\n \n\n \n-\n \n\n \n\n \n523,273\n \n\n \n\n \n**-**\n \n\n \n\n \n523,725\n \n\nIssuance of common stock for loan interest\n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n291,000\n \n\n \n\n \n29\n \n\n \n\n \n-\n \n\n \n\n \n46,371\n \n\n \n\n \n**-**\n \n\n \n\n \n46,400\n \n\nIssuance of common stock for lease\n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n150,000\n \n\n \n\n \n15\n \n\n \n\n \n-\n \n\n \n\n \n20,085\n \n\n \n\n \n**-**\n \n\n \n\n \n20,100\n \n\nIssuance of common stock for promissory note repayment\n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n340,000\n \n\n \n\n \n34\n \n\n \n\n \n-\n \n\n \n\n \n25,366\n \n\n \n\n \n**-**\n \n\n \n\n \n25,400\n \n\nIssuance of common stock for note conversion\n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n1,000,000\n \n\n \n\n \n100\n \n\n \n\n \n-\n \n\n \n\n \n9,900\n \n\n \n\n \n**-**\n \n\n \n\n \n10,000\n \n\nIssuance of common stock for services - related parties\n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n2,377,500\n \n\n \n\n \n238\n \n\n \n\n \n-\n \n\n \n\n \n297,535\n \n\n \n\n \n**-**\n \n\n \n\n \n297,773\n \n\nIssuance of common stock for services\n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n7,960,915\n \n\n \n\n \n796\n \n\n \n\n \n-\n \n\n \n\n \n1,033,969\n \n\n \n\n \n**-**\n \n\n \n\n \n1,034,765\n \n\nReturn of common stock\n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n-\n \n\n \n\n \n-\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n(595,378)\n \n\n \n(60)\n \n\n \n-\n \n\n \n\n \n60\n \n\n \n\n \n**-**\n \n\n \n\n \n-\n \n\nSubscription Receivable\n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n-\n \n\n \n\n \n-\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n-\n \n\n \n\n \n-\n \n\n \n\n \n60,000\n \n\n \n\n \n-\n \n\n \n\n \n**-**\n \n\n \n\n \n60,000\n \n\nIssuance of Series C Preferred Shares for cash\n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n57\n \n\n \n\n \n-\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n-\n \n\n \n\n \n-\n \n\n \n\n \n(60,000)\n \n\n \n570,000\n \n\n \n\n \n**-**\n \n\n \n\n \n510,000\n \n\nReturn of Series C Preferred Shares\n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n(15)\n \n\n \n-\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n-\n \n\n \n\n \n-\n \n\n \n\n \n-\n \n\n \n\n \n(150,000)\n \n\n \n**-**\n \n\n \n\n \n(150,000)\n\nNet loss\n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n-\n \n\n \n\n \n-\n \n\n \n\n \n-\n \n\n \n\n \n-\n \n\n \n\n \n(4,335,319)\n \n\n \n(4,335,319)\n\n**Balance, April 30, 2025**\n\n \n\n \n**21,250**\n \n\n \n**$****167,154**\n \n\n \n\n \n**175,000**\n \n\n \n**$****1,750,000**\n \n\n \n\n \n**1,000,000**\n \n\n \n**$****100**\n \n\n \n\n \n**147**\n \n\n \n**$****-**\n \n\n \n\n \n**115,000**\n \n\n \n**$****12**\n \n\n \n\n \n**76,657,368**\n \n\n \n**$****7,666**\n \n\n \n**$****-**\n \n\n \n**$****36,475,275**\n \n\n \n**$****(43,775,366****)**\n \n**$****(7,292,313****)**\n\nIssuance of common stock for loan inducement\n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n1,772,750\n \n\n \n\n \n177\n \n\n \n\n \n-\n \n\n \n\n \n134,715\n \n\n \n\n \n**-**\n \n\n \n\n \n134,892\n \n\nIssuance of common stock for loan extension\n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n2,270,179\n \n\n \n\n \n227\n \n\n \n\n \n-\n \n\n \n\n \n288,250\n \n\n \n\n \n**-**\n \n\n \n\n \n288,477\n \n\nIssuance of common stock for promissory note repayment\n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n3,777,999\n \n\n \n\n \n378\n \n\n \n\n \n-\n \n\n \n\n \n267,646\n \n\n \n\n \n**-**\n \n\n \n\n \n268,024\n \n\nIssuance of common stock for note conversion\n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n2,827,959\n \n\n \n\n \n283\n \n\n \n\n \n-\n \n\n \n\n \n282,516\n \n\n \n\n \n**-**\n \n\n \n\n \n282,799\n \n\nIssuance of common stock for services\n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n3,858,871\n \n\n \n\n \n386\n \n\n \n\n \n-\n \n\n \n\n \n420,381\n \n\n \n\n \n**-**\n \n\n \n\n \n420,767\n \n\nIssuance of common stock for services - related party\n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n25,000\n \n\n \n\n \n3\n \n\n \n\n \n-\n \n\n \n\n \n1,848\n \n\n \n\n \n**-**\n \n\n \n\n \n1,851\n \n\nNet loss\n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n-\n \n\n \n\n \n-\n \n\n \n\n \n-\n \n\n \n\n \n-\n \n\n \n\n \n(2,420,890)\n \n\n \n(2,420,890)\n\n**Balance, April 30, 2026**\n\n \n\n \n**21,250**\n \n\n \n**$****167,154**\n \n\n \n\n \n**175,000**\n \n\n \n**$****1,750,000**\n \n\n \n\n \n**1,000,000**\n \n\n \n**$****100**\n \n\n \n\n \n**147**\n \n\n \n**$****-**\n \n\n \n\n \n**115,000**\n \n\n \n**$****12**\n \n\n \n\n \n**91,190,126**\n \n\n \n**$****9,120**\n \n\n \n**$****-**\n \n\n \n**$****37,870,631**\n \n\n \n**$****(46,196,256****)**\n \n**$****(8,316,393****)**\n\n \n\n *The accompanying notes are an integral part of these audited financial statements.*\n\n \n\n \n\n20\n\n*Table of Contents*\n\n \n\n**GPO PLUS, INC.**\n\n**STATEMENTS OF CASH FLOWS**\n\n \n\n \n\n \n\n** Year Ended**\n\n \n\n \n\n \n\n** April 30,**\n\n \n\n \n\n \n\n**2026**\n\n \n\n \n\n**2025**\n\n \n\n**CASH FLOWS FROM OPERATING ACTIVITIES**\n\n \n\n \n\n \n\n \n\n \n\n \n\nNet loss\n\n \n$(2,420,890)\n \n$(4,335,319)\n\nAdjustments to reconcile net loss to net cash used in operating activities:\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\nStock-based compensation for services\n\n \n\n \n395,118\n \n\n \n\n \n1,304,642\n \n\nStock-based compensation for services - related parties\n\n \n\n \n26,013\n \n\n \n\n \n286,929\n \n\nStock issued for settlement of leases\n\n \n\n \n-\n \n\n \n\n \n20,100\n \n\nOther income from gain on promissory note settlement\n\n \n\n \n-\n \n\n \n\n \n(9,032)\n\nOther income from insurance coverage on damaged automobile\n\n \n\n \n-\n \n\n \n\n \n(12,511)\n\nLoss from trade in of automobile\n\n \n\n \n1,499\n \n\n \n\n \n-\n \n\nWritten off of accounts payable\n\n \n\n \n(413,345)\n \n\n \n-\n \n\nNon-cash interest expense for convertible note conversion\n\n \n\n \n171,355\n \n\n \n\n \n-\n \n\nNon-cash interest expense for promissory note inducement\n\n \n\n \n40,139\n \n\n \n\n \n-\n \n\nNon-cash interest expense for promissory note extension\n\n \n\n \n28,000\n \n\n \n\n \n491,750\n \n\nNon-cash interest expense for promissory note\n\n \n\n \n-\n \n\n \n\n \n32,908\n \n\nReversal of non-cash interest expense for promissory note extension\n\n \n\n \n(13,400)\n \n\n \n-\n \n\nStock payable for lease expense\n\n \n\n \n30,000\n \n\n \n\n \n7,500\n \n\nStock payable for promissory note inducement\n\n \n\n \n33,167\n \n\n \n\n \n-\n \n\nStock payable for promissory note extension\n\n \n\n \n51,555\n \n\n \n\n \n256,513\n \n\nDepreciation of furniture and equipment\n\n \n\n \n28,240\n \n\n \n\n \n48,165\n \n\nDepreciation of right-of-use-assets\n\n \n\n \n154,701\n \n\n \n\n \n55,879\n \n\nAmortization of intangible assets\n\n \n\n \n5,254\n \n\n \n\n \n28,518\n \n\nAmortization of promissory note discount\n\n \n\n \n176,904\n \n\n \n\n \n115,870\n \n\nInterest expense on finance lease\n\n \n\n \n25,994\n \n\n \n\n \n13,081\n \n\nChanges in operating assets and liabilities:\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\nAccounts receivable\n\n \n\n \n55,012\n \n\n \n\n \n2,780\n \n\nPrepaid expenses\n\n \n\n \n(12,347)\n \n\n \n31,475\n \n\nInventory\n\n \n\n \n50,498\n \n\n \n\n \n318,853\n \n\nAccounts payable and accrued liabilities\n\n \n\n \n(68,944)\n \n\n \n(46,056)\n\nAccrued interest\n\n \n\n \n187,339\n \n\n \n\n \n231,403\n \n\nAccrued liabilities - related parties\n\n \n\n \n65,887\n \n\n \n\n \n105,302\n \n\nDeposit\n\n \n\n \n(8,213)\n \n\n \n8,213\n \n\nNet cash used in Operating Activities\n\n \n\n \n(1,410,464)\n \n\n \n(1,043,037)\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n**CASH FLOWS FROM INVESTING ACTIVITIES**\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\nProceed from disposal of vehicle\n\n \n\n \n-\n \n\n \n\n \n37,662\n \n\nPurchase of property and equipment\n\n \n\n \n-\n \n\n \n\n \n(67,874)\n\nNet cash used in Investing Activities\n\n \n\n \n-\n \n\n \n\n \n(30,212)\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n**CASH FLOWS FROM FINANCING ACTIVITIES**\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\nRepayment for finance leases\n\n \n\n \n(110,863)\n \n\n \n(66,097)\n\nProceeds from issuance of promissory notes\n\n \n\n \n1,334,500\n \n\n \n\n \n755,400\n \n\nRepayment of promissory notes\n\n \n\n \n(141,916)\n \n\n \n(99,220)\n\nRepayment from return of series C preferred shares\n\n \n\n \n-\n \n\n \n\n \n(150,000)\n\nProceeds from subscription of series C preferred shares\n\n \n\n \n-\n \n\n \n\n \n330,000\n \n\nProceeds from issuance of series C preferred shares\n\n \n\n \n-\n \n\n \n\n \n570,000\n \n\nNet cash provided by Financing Activities\n\n \n\n \n1,081,721\n \n\n \n\n \n1,340,083\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\nNet change in cash for period\n\n \n\n \n(328,743)\n \n\n \n266,834\n \n\nCash at beginning of period\n\n \n\n \n336,249\n \n\n \n\n \n69,415\n \n\nCash at end of period\n\n \n$7,506\n \n\n \n$336,249\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n**SUPPLEMENTAL CASH FLOW INFORMATION:**\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\nCash paid for income taxes\n\n \n$-\n \n\n \n$-\n \n\nCash paid for interest\n\n \n$13,800\n \n\n \n$550\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n**NON-CASH INVESTING AND FINANCING ACTIVITIES**\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\nRecognition of finance lease right-of-use assets\n\n \n$316,094\n \n\n \n$52,593\n \n\nStock payable for promissory note inducement\n\n \n$33,167\n \n\n \n$7,151\n \n\nStock payable for promissory note extension\n\n \n$51,555\n \n\n \n$-\n \n\nStock payable for repayment of promissory notes\n\n \n$-\n \n\n \n$6,050\n \n\nReturn of common stock\n\n \n$-\n \n\n \n$60\n \n\nIssuance of common stock for note inducement\n\n \n$40,139\n \n\n \n$87,449\n \n\nIssuance of common stock for note extension\n\n \n$28,000\n \n\n \n$-\n \n\nIssuance of common stock for repayment of promissory notes\n\n \n$211,314\n \n\n \n$21,200\n \n\nIssuance of common stock for conversion of debts\n\n \n$171,355\n \n\n \n$10,000\n \n\n \n\n*The accompanying notes are an integral part of these audited financial statements.*\n\n \n\n \n\n21\n\n*Table of Contents*\n\n \n\n**GPO PLUS, INC.**\n\n**NOTES TO THE AUDITED FINANCIAL STATEMENTS**\n\n**YEAR ENDED APRIL 30, 2026, AND 2025**\n\n \n\n**NOTE 1 - ORGANIZATION AND BASIS OF PRESENTATION**\n\n \n\nGPO Plus, Inc. (the “Company”) is a corporation originally established under the name of Koldeck, Inc. under the corporation laws in the State of Nevada on March 29, 2016.\n\n \n\nOn April 2, 2018, the Company changed our corporate name from Koldeck Inc. to Global House Holdings Ltd. and merged with our wholly owned subsidiary Global House Holdings Ltd. Koldeck Inc. remained the surviving company of the merger, continuing under the name Global House Holdings Ltd.\n\n \n\nOn June 19, 2020, the Company changed our corporate name from Global House Holdings Ltd. to GPO Plus, Inc. and merged with our wholly owned subsidiary GPO Plus, Inc. Global House Holdings Ltd. remained the surviving company of the merger, continuing under the name GPO Plus, Inc\n\n \n\nEffective May 5, 2020, Brett H. Pojunis acquired 5,000,000 (post-split) of the issued and outstanding common shares of the Company from Jian Han Chen. As a result of the transaction, Mr. Pojunis had voting and dispositive control over 53.67% of our outstanding voting securities. Mr. Pojunis’s ownership has since been diluted to 13.14%, and Mr. Chen no longer holds any equity interest in the Company.\n\n \n\nGPOX is pioneering the future of distribution to convenience stores and gas stations with our groundbreaking DSD distribution model. Our technology-driven distribution network is strategically designed to optimize effectiveness and maximize reach through a network of Regional Hubs and Mini Hubs. This innovative structure enhances our efficiency and service quality, setting a new benchmark for excellence in the distribution industry.\n\n \n\n**NOTE 2 - GOING CONCERN**\n\n \n\nThe Company’s financial statements as of April 30, 2026, have been prepared using generally accepted accounting principles in the United States of America (“US GAAP”) applicable to a going concern, which contemplate the realization of assets and liquidation of liabilities in the normal course of business. The Company has not yet established an ongoing source of revenue sufficient to cover its operating costs and allow it to continue as a going concern. The Company has incurred a cumulative deficit of $46,196,256. These factors among others raise substantial doubt about the ability of the Company to continue as a going concern for a reasonable period of time.\n\n \n\nIn order to continue as a going concern, the Company will need, among other things, additional capital resources. Management’s plan is to obtain such resources for the Company by obtaining capital from management and significant shareholders sufficient to meet its minimal operating expenses and seeking third party equity and/or debt financing. However, management cannot provide any assurances that the Company will be successful in accomplishing any of its plans. These financial statements do not include any adjustments related to the recoverability and classification of assets or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.\n\n \n\n \n\n22\n\n*Table of Contents*\n\n \n\n**NOTE 3 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES**\n\n \n\nBasis of Presentation\n\n \n\nThe financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America (US GAAP) and are presented in US dollars. The Company’s year-end is April 30.\n\n \n\nUse of Estimates\n\n \n\nPreparing financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue, and expenses. Actual results and outcomes may differ from management’s estimates and assumptions.\n\n \n\nCash and Cash Equivalents\n\n \n\nFor the purposes of the statement of cash flows, the Company considers all highly liquid instruments purchased with an original maturity of three months or less to be cash equivalents.\n\n \n\nAs of April 30, 2026, and April 30, 2025, the Company had cash of $7,506 and $336,249, respectively.\n\n \n\nAccounts Receivable\n\n \n\nAccounts receivables are recorded in accordance with ASC 310, “Receivables,” at the invoiced amount and do not bear interest. The allowance for doubtful accounts is the Company’s best estimate of the amount of probable credit losses in its existing accounts receivable. The Company does not currently have any amount recorded as an allowance for doubtful accounts. Based on the management’s estimate and based on all accounts being current, the Company has not deemed it necessary to reserve for doubtful accounts at this time.\n\n \n\nAs of April 30, 2026, and April 30, 2025, the Company had accounts receivable of $0 and $55,012, respectively.\n\n \n\n As of April 30, 2025, the Company has one customer concentrated over 10% of the accounts receivable at 36%, respectively.\n\n \n\nPrepaid Expense\n\n \n\nPrepaid expenses relate to security deposit for an office premise and prepayment made for future services in advance that will be expensed over time as the benefit of the services is received in the future expected within one year.\n\n \n\n \n\n \n\n**April 30,**\n\n \n\n \n\n**April 30,**\n\n \n\n \n\n \n\n**2026**\n\n \n\n \n\n**2025**\n\n \n\nSecurity Deposit for office and warehouse\n\n \n$12,500\n \n\n \n$3,500\n \n\nPrepayment for services to consultants\n\n \n\n \n-\n \n\n \n\n \n165\n \n\nPrepayment for interest on promissory notes\n\n \n\n \n21,399\n \n\n \n\n \n-\n \n\nTotal\n\n \n$33,899\n \n\n \n$3,665\n \n\n \n\n \n\n23\n\n*Table of Contents*\n\n \n\nInventory\n\n \n\nInventory is stated at lower of cost or net realizable value, with cost being determined on the first-in, first-out (“FIFO”) method.\n\n \n\nAs of April 30, 2026, and April 30, 2025, the Company recorded inventory reserve of $2,469 and $6,270 for slow moving or obsolete inventory.\n\n \n\nAs of April 30, 2026, and April 30, 2025, the Company had finished goods inventory, net of inventory reserve of $32,801 and $83,299, respectively.\n\n \n\n \n\n \n\n**April 30,**\n\n**2026**\n\n \n\n \n\n**April 30,**\n\n**2025**\n\n \n\nNutriumph®\n\n \n$8,648\n \n\n \n$32,412\n \n\nDistro\n\n \n\n \n24,153\n \n\n \n\n \n12,574\n \n\nLoon\n\n \n\n \n-\n \n\n \n\n \n31,926\n \n\nVyve\n\n \n\n \n-\n \n\n \n\n \n5,796\n \n\nCoast\n\n \n\n \n-\n \n\n \n\n \n591\n \n\n \n\n \n$32,801\n \n\n \n$83,299\n \n\n \n\nIntangible Assets\n\n \n\nThe Company accounts for intangible assets (including trademarks and formula) in accordance with ASC 350 “Intangibles-Goodwill and Other.”\n\n \n\nASC 350 requires that goodwill and other intangibles with indefinite lives be tested for impairment annually or on an interim basis if events or circumstances indicate that the fair value of an asset has decreased below it carrying value. In addition, ASC 350 requires that goodwill be tested for impairment at the reporting unit level (operating segment or one level below an operating segment) on an annual basis and between annual tests when circumstances indicate that the recoverability of the carrying amount of goodwill may be in doubt. Application of the goodwill impairment test requires judgment, including the identification of reporting units, assigning assets and liabilities to reporting units, assigning goodwill to reporting units, and determining the fair value. Significant judgments required to estimate the fair value of reporting units include estimating future cash flows, determining appropriate discount rates and other assumptions. Changes in these estimates and assumptions or the occurrence of one or more confirming events in future periods could cause the actual results or outcomes to materially differ from such estimates and could also affect the determination of fair value and/or goodwill impairment at future reporting dates.\n\n \n\nThe cost of intangible assets with determinable useful lives is amortized to reflect the pattern of economic benefits consumed, either on a straight-line or accelerated basis over the estimated periods benefited. Patents, technology, and other intangibles with contractual terms are generally amortized over their respective legal or contractual lives. When certain events or changes in operating conditions occur, an impairment assessment is performed and lives of intangible assets with determinable lives may be adjusted. (Note 4)\n\n \n\nLong-Lived Assets\n\n \n\nLong-lived assets are evaluated for impairment whenever events or changes in business circumstances indicate that the carrying amount of the assets may not be fully recoverable or that the useful lives of these assets are no longer appropriate. Each impairment test is based on a comparison of the undiscounted future cash flows to the recorded value of the asset. If impairment is indicated, the asset is written down to its estimated fair value.\n\n \n\nProperty, Plant and Equipment\n\n \n\nProperty and equipment are stated at cost. Depreciation is computed using the straight-line method. The depreciation and amortization methods are designed to amortize the cost of the assets over their estimated useful lives, in years, of the respective assets as follows:\n\n \n\nFurniture and Equipment\n\n3-5 years\n\nComputer Equipment\n\n2 years\n\nAutomobile\n\n5 years\n\n \n\nMaintenance and repairs are charged to expense as incurred. Improvements of a major nature are capitalized. At the time of retirement or other disposition of property and equipment, the cost and accumulated depreciation are removed from the accounts and any gains or losses are reflected in the income.\n\n \n\nThe long-lived assets of the Company are reviewed for impairment in accordance with ASC 360, “Property, Plant and Equipment,” whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. The recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to the future undiscounted cash flows expected to be generated by the assets. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets. During year ended April 30, 2026, and 2025, no impairment losses have been identified.\n\n \n\n \n\n24\n\n*Table of Contents*\n\n \n\nRevenue Recognition\n\n \n\nThe Company recognizes revenue from the sale of products in accordance with ASC 606, “*Revenue Recognition*” following the five steps procedure:\n\n \n\nStep 1: Identify the contract(s) with customers - The invoice has been generated and provided to the customer.\n\nStep 2: Identify the performance obligations in the contract - The performance obligations of delivery of products are stated in the invoice.\n\nStep 3: Determine the transaction price - The transaction price has been identified in the invoice.\n\nStep 4: Allocate the transaction price to performance obligations - The Company has allocated the transaction price to performance obligation in the invoice.\n\nStep 5: Recognize revenue when the entity satisfies a performance obligation - The Company has shipped out the product and, therefore, satisfied the performance obligation. The risk of loss passed to the customers at the point of shipment.\n\n \n\nDuring the year ended April 30, 2026, and 2025, the Company recognized $5,512,066 and $4,744,856 of revenues and incurred cost of revenue of $4,097,932 and $3,613,051 and generated gross profit of $1,414,134 and $1,131,805 during the year ended April 30, 2026, and 2025, respectively. In regard to the sales that occurred during the year ended April 30, 2026, and 2025, there are no unfulfilled obligations related to the merchandise and product sales.\n\n \n\nDuring the year ended April 30, 2026, the Company has one customer who contributed over 10% of total sales at 92%.\n\n \n\nDuring the year ended April 30, 2025, the Company has one customer who contributed over 10% of total sales at 93%.\n\n \n\nAccounts payable and accrued liabilities.\n\n \n\nAccounts payable and accrued liabilities refer to trade payable to non-affiliate vendors and payroll liabilities to employees. As of April 30, 2026 and April 30, 2025, accounts payable and accrued liabilities were $964,720 and $1,511,492, comprised of trade payable of $912,636 and $1,457,727 and payroll liabilities of $52,084 and $53,765, respectively.\n\n \n\nLeases\n\n \n\nWe determine if an arrangement is a lease at inception and whether the lease obligation is an operating lease or finance lease in accordance with ASC 842, “Leases.” A lease obligation is classified as a finance lease, if at least one of the following criteria is met:\n\n \n\n \n\n•\n\nA transferal of ownership of an asset to the lessee at the end of the term of the initial lease\n\n \n\n•\n\nThe lessee is certain that they will exercise a purchase option at the end of the term of the lease\n\n \n\n•\n\nThe leased asset has no alternative use to the lessor at the end of the lease\n\n \n\n•\n\nThe lease term is a major part of the economic life (75%) of the underlying asset\n\n \n\n•\n\nThe present value of lease payments is substantially all of the fair value of the leased asset (90%)\n\n \n\n \n\n25\n\n*Table of Contents*\n\n \n\nOperating leases\n\n \n\nOperating leases are included in operating lease right-of-use (“ROU”) assets, operating lease liabilities - current, and operating lease liabilities - noncurrent on the balance sheets. ROU assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. As most of our leases do not provide an implicit rate, we generally use our incremental borrowing rate based on the estimated rate of interest for collateralized borrowing over a similar term of the lease payments at commencement date. The operating lease ROU asset also includes any lease payments made and excludes lease incentives. Our lease terms may include options to extend or terminate the lease when it is reasonably certain that we will exercise that option. Lease expense for lease payments is recognized on a straight-line basis over the lease term by adding interest expense determined using the effective interest method to the amortization of right-of-use asset. Amortization of the right-of-use asset is calculated as the difference between the straight-line expense and the interest expense on the lease liability over the lease term. Lease expense is presented as a single line item in the operating expense in the statement of operations. The right-of-use assets are tested for impairment in accordance with ASC 360.\n\n \n\nFinance lease\n\n \n\nFinance leases are included in finance lease right-of-use (“ROU”) assets, finance lease liabilities - current, and finance lease liabilities - noncurrent on the balance sheets. ROU assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. Finance lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. As most of our leases do not provide an implicit rate, we generally use our incremental borrowing rate based on the estimated rate of interest for collateralized borrowing over a similar term of the lease payments at commencement date. The finance lease ROU asset also includes any lease payments made and excludes lease incentives. Our lease terms may include options to extend or terminate the lease when it is reasonably certain that we will exercise that option. Interest expense is determined using the effective interest method. Amortization is recorded on the right-of-use asset on a straight-line basis. Interest and amortization expense are generally presented separately in the statement of operations. The right-of-use asset is tested for impairment in accordance with ASC 360.\n\n \n\nSegments\n\n \n\nOperating segments are defined as components of an enterprise engaging in business activities for which discrete financial information is available and regularly reviewed by the chief operating decision maker in deciding how to allocate resources and in assessing performance. The Company operates and manages its business as one operating segment and all of the Company’s revenues and operations are currently in the United States.\n\n \n\nFair Value Measurement\n\n \n\nThe Company adopted the provisions of ASC Topic 820, “*Fair Value Measurements and Disclosures*,” which defines fair value as used in numerous accounting pronouncements, establishes a framework for measuring fair value and expands disclosure of fair value measurements. The estimated fair value of certain financial instruments, including cash and cash equivalents, , accounts payable and accrued liabilities are carried at historical cost basis, which approximates their fair values because of the short-term nature of these instruments. The carrying amounts of short- and long-term credit obligations approximate fair value because the effective yields on these obligations, which include contractual interest rates taken together with other features such as concurrent issuances of warrants and/or embedded conversion options, are comparable to rates of returns for instruments of similar credit risk. ASC 820 defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 describes three levels of inputs that may be used to measure fair value:\n\n \n\nLevel 1 –\n\nquoted prices in active markets for identical assets or liabilities\n\nLevel 2 –\n\nquoted prices for similar assets and liabilities in active markets or inputs that are observable\n\nLevel 3 –\n\ninputs that are unobservable (for example cash flow modelling inputs based on assumptions)\n\n \n\nNone of the financial instruments are measured at fair value on a recurring basis.\n\n \n\nRelated Party Balances and Transactions\n\n \n\nThe Company follows FASB ASC 850, “*Related Party Disclosures*,” for the identification of related parties and disclosure of related party transactions. (Note 7)\n\n \n\n \n\n26\n\n*Table of Contents*\n\n \n\n \n\nConvertible Financial Instruments\n\n \n\nThe Company bifurcates conversion options from their host instruments and accounts for them as free-standing derivative financial instruments if certain criteria are met. The criteria include circumstances in which (a) the economic characteristics and risks of the embedded derivative instrument are not clearly and closely related to the economic characteristics and risks of the host contract, (b) the hybrid instrument that embodies both the embedded derivative instrument and the host contract is not remeasured at fair value under otherwise applicable US GAAP with changes in fair value reported in earnings as they occur, and (c) a separate instrument with the same terms as the embedded derivative instrument would be considered a derivative instrument. An exception to this rule is when the host instrument is deemed to be conventional, as that term is described under applicable US GAAP.\n\n \n\nWhen the Company has historically determined that the embedded conversion options should not be bifurcated from their host instruments, discounts have been recorded for the intrinsic value of conversion options embedded in the instruments based upon the differences between the fair value of the underlying common stock at the commitment date of the transaction and the effective conversion price embedded in the instrument. On May 1, 2021, the Company chose to early adopt ASU 2020-06 and did not record a beneficial conversion feature (“BCF”) discount on the issuance of convertible notes with the conversion rate below the Company’s market stock price on the date of note issuance.\n\n \n\nShare-Based Compensation\n\n \n\nThe Company accounts for share-based compensation under the fair value method in accordance with ASC 718, “Compensation - Stock Compensation,” which requires all such compensation to employees and non-employees to be calculated based on its fair value of the equity instrument at the grant date and recognized in the earnings over the requisite service or vesting period.\n\n \n\nDuring the year ended April 30, 2026, and 2025, the Company recorded $421,131 stock-based compensation expense and $1,591,571 stock-based compensation expense, respectively. The stock-based compensation incurred from common stock awarded to consultants and executives was reported under professional fees and professional fees - related parties in the statements of operation.\n\n \n\n \n\n \n\n**Year Ended**\n\n \n\n \n\n \n\n**April 30,**\n\n \n\n \n\n \n\n**2026**\n\n \n\n \n\n**2025**\n\n \n\nCommon stock award to consultants\n\n \n$395,118\n \n\n \n$1,304,642\n \n\nCommon stock award to management and executives - related parties\n\n \n\n \n26,013\n \n\n \n\n \n286,929\n \n\n \n\n \n$421,131\n \n\n \n$1,591,571\n \n\n \n\nBasic and Diluted Loss per Share\n\n \n\nBasic loss per share is computed by dividing the net loss available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted loss per share gives effect to all dilutive potential common shares outstanding during the period.\n\n \n\nFor the year ended April 30, 2026 and 2025, Series A preferred stock, convertible notes, warrants and common stock payable were potentially dilutive instruments and were not included in the calculation of diluted loss per share as their effect would be antidilutive. \n\n \n\n \n\n \n\n**April 30,**\n\n \n\n \n\n**April 30,**\n\n \n\n \n\n \n\n**2026**\n\n \n\n \n\n**2025**\n\n \n\n \n\n \n\n**(Shares)**\n\n \n\n \n\n**(Shares)**\n\n \n\nSeries A Preferred Shares\n\n \n\n \n1,000,000\n \n\n \n\n \n1,000,000\n \n\nConvertible Notes\n\n \n\n \n-\n \n\n \n\n \n28,000\n \n\nWarrants\n\n \n\n \n-\n \n\n \n\n \n168,000\n \n\nCommon Stock Payable\n\n \n\n \n4,772,959\n \n\n \n\n \n4,776,756\n \n\n \n\n \n\n \n5,772,959\n \n\n \n\n \n5,972,756\n \n\n \n\n \n\n27\n\n*Table of Contents*\n\n \n\nThe Company had 1,000,000 shares of Series A Preferred Stock issued and outstanding on April 30, 2026, and 2025, that are convertible into shares of common stock at a one-for-one rate. (Note 6)\n\n \n\nAs of April 30, 2026, and April 30, 2025, convertible shares from the Company’s non-affiliate convertible notes were 0 share and 28,000 shares, respectively. (Note 8)\n\n \n\nAs of April 30, 2026, and April 30, 2025, the outstanding warrants issued in connection with these convertible notes were 0 and 168,000, respectively. (Note 6)\n\n \n\nAs of April 30, 2026, and April 30, 2025, the Company had stock payable of $424,728 and $620,302 for outstanding 4,772,959 shares and 4,776,756 shares of common stock, respectively. (Note 6)\n\n \n\nNet loss per share for each class of common stock is as follows:\n\n \n\n \n\n \n\n**Year Ended**\n\n \n\n \n\n \n\n** April 30,**\n\n \n\n \n\n \n\n**2026**\n\n \n\n \n\n**2025**\n\n \n\nNet loss per share, basic diluted\n\n \n$(0.03)\n \n$(0.07)\n\nNet loss per common shares outstanding:\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\nFounders Class A Common stock\n\n \n$(21.05)\n \n$(37.70)\n\nOrdinary Common stock\n\n \n$(0.03)\n \n$(0.07)\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\nWeighted average shares outstanding:\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\nFounders Class A Common stock\n\n \n\n \n115,000\n \n\n \n\n \n115,000\n \n\nOrdinary Common stock\n\n \n\n \n85,577,521\n \n\n \n\n \n57,898,107\n \n\nTotal weighted average shares outstanding\n\n \n\n \n85,692,521\n \n\n \n\n \n58,013,107\n \n\n \n\nRecent Accounting Pronouncements\n\n \n\nIn November 2024, the FASB issued ASU 2024-03, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40), which requires enhanced disclosures of certain income statement expenses. In January 2025, the FASB issued ASU 2025-01 to clarify the effective date of ASU 2024-03. The standard is effective for fiscal years beginning after December 15, 2026, and interim periods within fiscal years beginning after December 15, 2027. Early adoption is permitted, either prospectively or retrospectively.\n\n \n\nIn July 2025, the FASB issued Accounting Standards Update 2025-05, *“Financial Instruments – Credit Losses”* (Topic 326): *“Measurement of Credit Losses for Accounts Receivable and Contract Assets”* (“ASU 2025-05”). ASU 2025-05 provides a practical expedient that all entities can use when estimating expected credit losses for current accounts receivable and current contract assets arising from transactions accounted for under ASC 606, Revenue from Contracts with Customers. Under this practical expedient, an entity is allowed to assume that the current conditions it has applied in determining credit loss allowances for current accounts receivable and current contract assets remain unchanged for the remaining life of those assets. ASU 2025-05 is effective for fiscal years beginning after December 15, 2025, and interim reporting periods in those years. Entities that elect the practical expedient and, if applicable, make the accounting policy election are required to apply the amendments prospectively. We are currently evaluating the potential impact of adopting ASU 2025-05 on our consolidated financial statements and disclosures.\n\n \n\nIn December 2025, the FASB issued ASU No.2025-11- “*Interim Reporting”* (Topic270): “*Narrow-Scope Improvements”* which is designed to improve the navigability of interim reporting guidance and clarify its applicability without fundamentally changing the nature of interim reporting. In introduces a principle requiring entities to disclose events or changes since the last annual reporting period that have a material impact on the entity. The new guidance is effective for annual reporting periods beginning December 15, 2027. Early adoption is permitted. We are currently evaluating the impact this update will have on our consolidated financial statements and disclosures.\n\n \n\nWe have evaluated all other recently issued, but not yet effective, accounting pronouncements and do not believe that these accounting pronouncements will have any material impact on our consolidated financial statements or disclosures upon adoption. \n\n \n\n \n\n28\n\n*Table of Contents*\n\n \n\n \n\nNew Adopted Accounting Standards\n\n \n\nIn November 2023, the FASB issued ASU No. 2023-07, Segment Reporting (Topic 280) - Improvements to Reportable Segment Disclosures (\"ASU 2023-07\"), which require public companies disclose significant segment expenses and other segment items on an annual and interim basis and to provide in interim periods all disclosures about a reportable segment's profit or loss and assets that are currently required annually. The guidance is effective for public entities for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. The guidance is applied retrospectively to all periods presented in the financial statements, unless it is impracticable. We are currently evaluating the impact this update will have on our consolidated financial statements and disclosures.\n\n \n\nIn December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740) - Improvements to Income Tax Disclosures (\"ASU 2023-09\"), which is intended to enhance the transparency and decision usefulness of income tax disclosures. The amendments in ASU 2023-09 provide for enhanced income tax information primarily through changes to the rate reconciliation and income taxes paid information. ASU 2023-09 is effective for the Company prospectively to all annual periods beginning after December 15, 2024. Early adoption is permitted. We are currently evaluating the impact this update will have on our consolidated financial statements and disclosures.\n\n \n\n**NOTE 4 – ASSETS PURCHASE**\n\n \n\nOn July 7, 2022, the Company entered into an Assets Purchase Agreement to acquire inventory and intangible assets from Orev LLC. The purchase price consisted of $50,000 cash and 200,000 shares at $0.30 per share of the Company’s common stock for total consideration of $109,000. The Company acquired inventory of $23,447 and intangible assets valued at $85,553.\n\n \n\nThe inventory acquired is Nutriumph Products for resale purposes. These inventory items have been sold during the year ended April 30, 2023.\n\n \n\nThe intangible assets comprised of proprietary formula at $85,553 and Herberall trademarks with a deemed value of $0. The proprietary formula has an estimated useful life of three years. The Company incurred amortization expenses of $5,254 and $28,518 for the year ended April 30, 2026, and 2025, recorded as general and administrative expenses. Through April 30, 2026, the intangible assets were fully amortized. As of April 30, 2026, and April 30, 2025, the intangible assets were $0 and $5,254, respectively.\n\n \n\n \n\n29\n\n*Table of Contents*\n\n \n\n**NOTE 5 – PROPERTY AND EQUIPMENT**\n\n \n\nProperty and equipment as of April 30, 2026, and April 30, 2025, are summarized as follows:\n\n \n\nCost\n\n \n\n**Furniture and Equipment**\n\n \n\n \n\n**Computer Equipment**\n\n \n\n \n\n**Automobile**\n\n \n\n \n\n**Total**\n\n \n\nApril 30, 2024\n\n \n$72,504\n \n\n \n$9,215\n \n\n \n$59,503\n \n\n \n$141,222\n \n\nAdditions\n\n \n\n \n-\n \n\n \n\n \n-\n \n\n \n\n \n67,874\n \n\n \n\n \n67,874\n \n\nDisposal\n\n \n\n \n-\n \n\n \n\n \n-\n \n\n \n\n \n(31,503)\n \n\n \n(31,503)\n\nApril 30, 2025\n\n \n$72,504\n \n\n \n$9,215\n \n\n \n$95,874\n \n\n \n$177,593\n \n\nDisposal\n\n \n\n \n-\n \n\n \n\n \n-\n \n\n \n\n \n(16,874)\n \n\n \n(16,874)\n\nApril 30, 2026\n\n \n$72,504\n \n\n \n$9,215\n \n\n \n$79,000\n \n\n \n$160,719\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\nAccumulated Depreciation\n\n \n\n**Furniture and Equipment**\n\n \n\n \n\n**Computer Equipment**\n\n \n\n \n\n**Automobile**\n\n \n\n \n\n**Total**\n\n \n\nApril 30, 2024\n\n \n$28,490\n \n\n \n$5,760\n \n\n \n$4,563\n \n\n \n$38,813\n \n\nAdditions\n\n \n\n \n20,809\n \n\n \n\n \n3,455\n \n\n \n\n \n23,901\n \n\n \n\n \n48,165\n \n\nDisposal\n\n \n\n \n-\n \n\n \n\n \n-\n \n\n \n\n \n(6,353)\n \n\n \n(6,353)\n\nApril 30, 2025\n\n \n$49,299\n \n\n \n$9,215\n \n\n \n$22,111\n \n\n \n$80,625\n \n\nAdditions\n\n \n\n \n16,390\n \n\n \n\n \n-\n \n\n \n\n \n11,850\n \n\n \n\n \n28,240\n \n\nDisposal\n\n \n\n \n-\n \n\n \n\n \n-\n \n\n \n\n \n(3,375)\n \n\n \n(3,375)\n\nApril 30, 2026\n\n \n$65,689\n \n\n \n$9,215\n \n\n \n$30,586\n \n\n \n$105,490\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\nNet book value\n\n \n\n**Furniture and Equipment**\n\n \n\n \n\n**Computer Equipment**\n\n \n\n \n\n**Automobile**\n\n \n\n \n\n**Total**\n\n \n\nApril 30, 2025\n\n \n$23,205\n \n\n \n$-\n \n\n \n$73,763\n \n\n \n$96,968\n \n\nApril 30, 2026\n\n \n$6,815\n \n\n \n$-\n \n\n \n$48,414\n \n\n \n$55,229\n \n\n \n\nDuring the year ended April 30, 2025, the Company acquired four automobiles of $67,874.\n\n \n\nDuring the year ended April 30, 2026, the Company disposed of an automobile at net amount of $13,499and incurred loss on disposal of $1,497.\n\n \n\nDuring the year ended April 30, 2025, the Company disposed of an automobile at net amount of $25,151 which was damaged from an accident. The Company received proceed from insurance coverage of $37,662 and recorded other income of $12,511.\n\n \n\nAs of April 30, 2026 and April 30, 2025, Property and Equipment were $55,229 and $96,968, respectively. Depreciation expenses of $28,240 and $48,165 were incurred during the year ended April 30, 2026 and 2025, respectively.\n\n \n\n \n\n30\n\n*Table of Contents*\n\n \n\n**NOTE 6 - CAPITAL STOCK**\n\n \n\nShare Capital\n\n \n\nOn April 24, 2026, the Company increased the authorized share capital from 90,000,000 shares to 250,000,000, and preferred shares from 1,000,000 to 50,000,000 shares to consisting of the following: \n\n \n\n \n\n•\n\n250,000,000 shares of ordinary common stock\n\n \n\n•\n\n10,000,000 shares of founders’ class A common stock\n\n \n\n•\n\n50,000,000 shares of blank check common stock\n\n \n\n•\n\n500,000 shares of founders’ series A non-voting redeemable preferred stock\n\n \n\n•\n\n49,500,000 shares of blank check preferred stock (including 200 shares of Series C Preferred Stock subsequent designated on December 18, 2023)\n\n** **\n\n**Equity Compensation Plans**\n\n \n\nOn March 27, 2023, the board of directors and majority shareholder of the Company approved the adoption of the GPO Plus, Inc. 2023 Equity Incentive Plan (the “2023 Equity Incentive Plan”). The purpose of the 2023 Equity Incentive Plan is to foster and promote the Company’s long-term financial success and increase stockholder value by motivating performance through incentive compensation. The 2023 Equity Incentive Plan is intended to encourage participants to acquire and maintain ownership interests in the Company and to attract and retain the services of talented individuals upon whose judgment and special efforts the successful conduct of the Company’s business is largely dependent. A total of 2,200,000 shares of common stock are reserved and may be issued under the 2022 Equity Incentive Plan. The 2023 Equity Incentive Plan provides for the granting of incentive stock options, non-qualified stock options, stock appreciation rights, restricted stock, stock units, performance shares and performance units to our employees, officers, directors, and consultants, including incentive stock options, non-qualified stock options, restricted stock, and other benefits.\n\n \n\n*Equity Compensation Plan Information*\n\n \n\n**Plan category**\n\n \n\n**Number of**\n\n**securities to**\n\n**be issued**\n\n**upon exercise**\n\n**of outstanding**\n\n**options,**\n\n**warrants and**\n\n**rights**\n\n \n\n \n\n**Weighted average**\n\n**exercise price**\n\n**of outstanding**\n\n**options,**\n\n**warrants and**\n\n**rights**\n\n \n\n \n\n**Number of**\n\n** securities**\n\n**remaining available**\n\n**for future issuance**\n\n**under equity**\n\n**compensation plans (1)**\n \n\nEquity compensation plans approved by security holders\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n1,867,122\n \n\n \n\n \n\n \n-\n \n\n \n\n \nN/A\n \n\n \n\ncommon shares\n \n\n \n\n \n\n(1)\n\nOn April 4, 2023, the Company issued 332,878 shares of immediately vested common stock to employees and consultants under the 2023 Equity Incentive Plan. The market value of the shares on the grant date was $0.162 per share, resulting in a $53,892.96 expense and 1,867,122 remaining shares issuable under the plan. No options or warrants were issued in connection with these common shares.\n\n \n\nOrdinary Common Stock\n\n \n\nYear ended April 30, 2026\n\n \n\nDuring the year ended April 30, 2026, the Company issued 1,772,750 shares of common stock as loan inducements for promissory notes.\n\n \n\nDuring the year ended April 30, 2026, the Company issued 2,270,179 shares of common stock for term extension of promissory notes.\n\n \n\nDuring the year ended April 30, 2026, the Company issued 3,777,999 of common stock for the repayment of aggregate principal amount of promissory notes at $211,314 and accrued interest of $56,710.\n\n \n\nDuring the year ended April 30, 2026, the Company issued 2,827,959 shares of common stock for the conversion of convertible notes for principal amount of $28,000 and accrued interest of $83,444.          \n\n \n\n \n\n31\n\n*Table of Contents*\n\n \n\nDuring the year ended April 30, 2026, the Company issued 3,858,871 shares of common stock to non-affiliated consultants at $420,767 for services.\n\n \n\nDuring the year ended April 30, 2026, the Company issued 25,000 shares of common stock to the CEO and CFO of the Company at $1,851 for services.\n\n \n\nYear ended April 30, 2025\n\n \n\nDuring the year ended April 30, 2025, the Company issued 3,099,000 shares of common stock as loan inducements for promissory notes.\n\n \n\nDuring the year ended April 30, 2025, the Company issued 4,516,317 shares of common stock for term extension of three promissory notes.\n\n \n\nDuring the year ended April 30, 2025, the Company issued 291,000 shares of common stock for interest and fees on a promissory note upon issuance of the notes.\n\n \n\nDuring the year ended April 30, 2025, the Company issued 150,000 shares of common stock for office lease.\n\n \n\nDuring the year ended April 30, 2025, the Company issued 340,000 shares of common stock for the repayment of principal amount of $16,500 and accrued interest of $2,782 of promissory notes. The Company recorded gain on note settlement of $9,032 from the repayment.\n\n \n\nDuring the year ended April 30, 2025, the Company issued 1,000,000 shares of common stock for the conversion of convertible notes of $10,000.\n\n \n\nDuring the year ended April 30, 2025, the Company issued 2,377,500 shares of common stock to senior management and executives at $297,773 for services.\n\n \n\nDuring the year ended April 30, 2025, the Company issued 7,960,915 shares of common stock to non-affiliated consultants at $1,034,765 for services.\n\n \n\nDuring the year ended April 30, 2025, the Director of the Company returned 595,378 shares of common stock to the Company due to previous over-issuance of shares during prior periods.\n\n \n\nAs of April 30, 2026, and April 30, 2025, the issued and outstanding ordinary common stock was 91,190,126 shares and 76,657,368 shares, respectively.\n\n \n\nFounders’ Class A Common Stock and Founders’ Series A Non-Voting Redeemable Preferred Stock\n\n \n\nDuring the year ended April 30, 2021, the Company issued common and preferred stock units comprising 115,000 shares of founders’ class A common stock and 28,750 shares of founder’s series A non-voting redeemable preferred stock to non-affiliates for total consideration of $287,500.\n\n \n\nThe founder’s series A non-voting redeemable preferred stock has a redemption value of $15 per share and is contingently redeemable at the holder’s option, and as a result was classified as mezzanine equity in the Company’s balance sheet. The redemption value of $224,905 was determined to be its fair market value. The excess of the cash consideration of $287,500 over the fair value of the founder’s series A non-voting redeemable preferred stock of $224,905 was allocated to the common stock at $62,595.\n\n \n\nDuring the year ended April 30, 2024, the Company issued 400,000 shares of common stock for the conversion of 7,500 founders series A non-voting redeemable preferred stock of $57,751.\n\n \n\nAs of April 30, 2026, and April 30, 2025, the Company had 115,000 shares of founders’ class A common stock and 21,250 shares of founders’ series A non-voting redeemable preferred stock issued and outstanding.\n\n \n\n \n\n32\n\n*Table of Contents*\n\n \n\n \n\nSeries A Convertible Preferred Stock\n\n \n\nThe Company has designated 1,000,000 shares of series A convertible preferred stock. The series A convertible preferred stock may convert into common stock at a rate equal to one share of common stock for each share of series A convertible preferred stock. Each Series A convertible preferred shareholder is entitled to one hundred (100) votes for each share held of record on matters submitted to a vote of holders of the Company’s ordinary Common Stock.\n\n \n\nOn January 21, 2021, the Company issued 500,000 shares of series A convertible preferred stock to the CEO of the Company at $0.0001 per share for consideration of $50.\n\n \n\nOn January 21, 2021, the Company issued 500,000 shares of series A convertible preferred stock to an executive of the Company at $0.0001 per share for consideration of $50.\n\n \n\nAs of April 30, 2026, and April 30, 2025, the Company had 1,000,000 shares of series A convertible preferred stock issued and outstanding.\n\n \n\nSeries A Non-Voting Redeemable Preferred Stock\n\n \n\nOn May 21, 2021, the Company issued 175,000 series A non-voting redeemable preferred shares to an executive of the Company at $10 stated value per share and for cash consideration of $18. (Note 7)\n\n \n\nThe series A non-voting redeemable preferred stock has a redemption value of $10 per share and is contingently redeemable at the holder’s option, and as a result was classified as mezzanine equity in the Company’s balance sheet. The redemption value of $1,750,000 was determined to be its fair market value.\n\n \n\nAs of April 30, 2026, and April 30, 2025, the Company had 175,000 shares of series A non-voting redeemable preferred stock issued and outstanding.\n\n \n\nSeries C Preferred Stock\n\n \n\nThe purchase price of the series C preferred is $10,000 per share with a stated value of $11,500 at the end of year one. After the first year has been completed, for 30 days the stockholder grants the Company the right to redeem the shares at the greater of $11,500 or market price of the common stock. If the Company does not redeem the preferred shares by the 30th day after the first year, the shareholders can convert some or all of their $11,500 of series C preferred into common stock at $0.30 per share.\n\n \n\nDuring the year ended April 30, 2026, there were no transactions for series C preferred stock.\n\n \n\nDuring the year ended April 30, 2025, the Company issued 59 shares of series C preferred stock for cash proceeds of $590,000.\n\n \n\nDuring the year ended April 30, 2025, the Company refunded $150,000 to investors for the return of 15 shares of series C preferred stock originally issued from March to June 2024.\n\n \n\nAs of April 30, 2026, and April 30, 2025, the issued and outstanding shares of series C preferred stock were 148.5 shares and 104.5 shares, respectively.\n\n \n\nWarrants\n\n \n\nOn June 16, 2021, in conjunction with the issuance of a convertible note on June 16, 2021, the Company issued 280,000 stock purchase warrants, exercisable for three years from issuance at exercise price of $1.25 per share. On May 5, 2022, the exercise price of the warrants was amended to $0.15. On May 21, 2022, the 280,000 warrants were exercised at $0.15 for $42,000. (Note 8)\n\n \n\nOn September 8, 2021, in conjunction with the issuance of a convertible note on September 8, 2021, the Company issued 168,000 stock purchase warrants, exercisable for three years from issuance at the exercise price of $1.25 per share. (Note 8)\n\n \n\nDuring the year ended April 30, 2025, the 168,000 stock purchase warrants expired.\n\n \n\n \n\n33\n\n*Table of Contents*\n\n \n\n \n\nThe below table summarizes the activity of warrants exercisable for shares of common stock during the year ended April 30, 2025:\n\n \n\n \n\n \n\n** Number of Shares**\n\n \n\n \n\n** Weighted- Average Exercise Price**\n\n \n\nBalances as of April 30, 2024\n\n \n\n \n168,000\n \n\n \n$1.25\n \n\nExpired\n\n \n\n \n(168,000 )\n \n\n \n1.25\n \n\nBalances as of April 30, 2025\n\n \n\n \n-\n \n\n \n$-\n \n\n \n\nAs of April 30, 2026 and April 30, 2025, there were no outstanding warrants.\n\n \n\nStock Payable\n\n \n\nAs of April 30, 2026, and April 30, 2025, the Company had stock payable of $754,729 and $950,302 for outstanding 330 shares and 330 shares of Preferred C shares at $330,000 and $330,000, outstanding 4,772,959 and 4,776,756 common shares, comprised of stock payable of $36,558 and $12,395 for outstanding 372,500 and 92,500 common shares to related parties and stock payable of $388,171 and $917,907 for outstanding 4,400,459 and 4,684,256 common shares to non-affiliates, respectively. As of April 30, 2026, and through the date of these financials’ statements were issued, the outstanding common shares have not yet been issued. The stock payable was recorded under current liabilities in the Balance Sheets.\n\n \n\nDuring the year ended April 30, 2026, and 2025, the Company recorded stock payable of $33,167 and $7,151 for outstanding 428,000 common shares and 201,000 common shares for loan inducements of promissory notes, respectively.\n\n \n\nDuring the year ended April 30, 2026, and 2025, the Company recorded stock payable of $24,163 and $12,395 for outstanding 280,000 and 92,500 common shares to executives and senior management, respectively. (Note 7)\n\n \n\nDuring the year ended April 30, 2026, and 2025, the Company recorded stock payable of $242,351 and $330,693 for outstanding 2,864,377and 2,467,857 common shares to consultants and employees for services, respectively.\n\n \n\nDuring the year ended April 30, 2026, and 2025, the Company recorded stock payable of $30,000 and $7,500 for outstanding 358,314 and 55,970 common shares for office rent, respectively.\n\n \n\nDuring the year ended April 30, 2026, and 2025, the Company recorded stock payable of $6,050 and $6,050 for outstanding 45,149 and 45,149 common shares for repayment of outstanding principal balance of promissory notes.\n\n \n\nDuring the year ended April 30, 2026, and 2025, the Company recorded stock payable of $51,555 and $256,513 for outstanding 659,691and 1,914,280 common shares related to term extension of promissory notes.\n\n \n\nDuring the year ended April 30, 2026, and 2025, the Company recorded stock payable of $330,000 and $330,000 for outstanding 330 shares and 330 share of Preferred C for cash proceed.\n\n \n\n \n\n34\n\n*Table of Contents*\n\n \n\n**NOTE 7 - RELATED PARTY TRANSACTIONS**\n\n \n\nRelated party compensation for the year ended April 30, 2026, and 2025, and shareholding and salary payable as of April 30, 2026, and April 30, 2025, are summarized as below:\n\n \n\n \n\n \n\n \n\n \n\n**Year Ended April 30, 2026**\n\n \n\n**Name**\n\n \n\n**Title**\n\n \n\n**Wages Expense**\n\n \n\n \n\n**Management/Consulting Fees**\n\n \n\n \n\n**Stock Compensation**\n\n \n\n**Brett H. Pojunis**\n\n \n\nCEO and CFO\n\n \n$167,927\n \n\n \n$-\n \n\n \n$23,163\n \n\n**Michael Fugler**\n\n \n\nAdvisor - Affiliate\n\n \n\n \n-\n \n\n \n\n \n60,000\n \n\n \n\n \n-\n \n\n**Dorsey Ladorse Sparks**\n\n \n\nVP - Distro Plus\n\n \n\n \n-\n \n\n \n\n \n-\n \n\n \n\n \n2,850\n \n\n \n\n \n\n \n\n \n$167,927\n \n\n \n$60,000\n \n\n \n$26,013\n \n\n \n\n \n\n \n\n**Year Ended April 30, 2025**\n\n \n\n**Title**\n\n \n\n**Wages**\n\n** Expense**\n\n \n\n \n\n**Management/**\n\n**Consulting**\n\n**Fees**\n\n \n\n \n\n**Stock**\n\n**Compensation**\n\n \n\nCEO and CFO\n\n \n$164,838\n \n\n \n$-\n \n\n \n$153,438\n \n\nAdvisor - Affiliate\n\n \n\n \n-\n \n\n \n\n \n60,000\n \n\n \n\n \n13,400\n \n\nPresident - Distro Plus\n\n \n\n \n-\n \n\n \n\n \n-\n \n\n \n\n \n(23,240 )\n\nOperational Manager\n\n \n\n \n-\n \n\n \n\n \n-\n \n\n \n\n \n**-**\n \n\nVP - Distro Plus\n\n \n\n \n116,764\n \n\n \n\n \n-\n \n\n \n\n \n143,330\n \n\nDirector\n\n \n\n \n-\n \n\n \n\n \n-\n \n\n \n\n \n**-**\n \n\n \n\n \n$281,602\n \n\n \n$60,000\n \n\n \n$286,928\n \n\n \n\n \n\n \n\n**As of April 30, 2026**\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n**Common Stock**\n\n \n\n \n\n**Convertible Series A Preferred**\n\n \n\n \n\n**Series A non-voting redeemable preferred**\n\n \n\n \n\n **Salary/Consulting Fees**\n\n \n\n \n\n \n\n \n\n**Title**\n\n \n\n**(Shares)**\n\n \n\n \n\n**(Shares)**\n\n \n\n \n\n**(Shares)**\n\n \n\n \n\n**Payable**\n\n \n\n \n\n**Stock Payable**\n\n \n\nCEO and CFO\n\n \n\n \n10,125,000\n \n\n \n\n \n500,000\n \n\n \n\n \n**-**\n \n\n \n$16,708\n \n\n \n$29,688\n \n\nAdvisor - Affiliate\n\n \n\n \n6,553,000\n \n\n \n\n \n500,000\n \n\n \n\n \n175,000\n \n\n \n\n \n330,000\n \n\n \n\n \n**-**\n \n\nPresident - Distro Plus\n\n \n\n \n699,806\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n5,000\n \n\n \n\n \n**-**\n \n\nOperational Manager\n\n \n\n \n194,652\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\nVP - Distro Plus\n\n \n\n \n2,575,000\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n-\n \n\n \n\n \n6,870\n \n\nDirector\n\n \n\n \n1,893,750\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n\n \n22,041,208\n \n\n \n\n \n1,000,000\n \n\n \n\n \n175,000\n \n\n \n$351,708\n \n\n \n$36,558\n \n\n \n\n \n\n \n\n**As of April 30, 2025**\n\n \n\n \n\n \n\n \n\n \n\n \n\n**Common Stock**\n\n \n\n \n\n**Convertible Series A Preferred**\n\n \n\n \n\n**Series A non-voting redeemable preferred**\n\n \n\n \n\n **Salary/Consulting Fees**\n\n \n\n \n\n \n\n \n\n**Title**\n\n \n\n**(Shares)**\n\n \n\n \n\n**(Shares)**\n\n \n\n \n\n**(Shares)**\n\n \n\n \n\n**Payable**\n\n \n\n \n\n**Stock Payable**\n\n \n\nCEO and CFO\n\n \n\n \n10,100,000\n \n\n \n\n \n500,000\n \n\n \n\n \n**-**\n \n\n \n$13,800\n \n\n \n$8,375\n \n\nAdvisor - Affiliate\n\n \n\n \n6,553,000\n \n\n \n\n \n500,000\n \n\n \n\n \n175,000\n \n\n \n\n \n270,000\n \n\n \n\n \n**-**\n \n\nPresident - Distro Plus\n\n \n\n \n699,806\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n5,000\n \n\n \n\n \n**-**\n \n\nOperational Manager\n\n \n\n \n194,652\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\nVP - Distro Plus\n\n \n\n \n2,575,000\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n8,843\n \n\n \n\n \n4,020\n \n\nDirector\n\n \n\n \n1,893,750\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n**-**\n \n\n \n\n \n\n \n22,016,208\n \n\n \n\n \n1,000,000\n \n\n \n\n \n175,000\n \n\n \n$297,643\n \n\n \n$12,395\n \n\n \n\n \n\n35\n\n*Table of Contents*\n\n \n\nCEO and CFO\n\n \n\nDuring the year ended April 30, 2026, and 2025, the Company issued 25,000 shares and 1,187,500 shares of common stock to the CEO and CFO valued at $1,850 and $145,063, respectively.\n\n \n\nDuring the year ended April 30, 2026, and 2025, the Company recorded stock payable of $24,163 and $8,375, respectively. As of April 30, 2026, and 2025, stock payable was $29,688 and $8,375, respectively.\n\n \n\nDuring the year ended April 30, 2026, and 2025, the Company incurred management salary expenses of $167,927 and $164,838 to the CEO and CFO, respectively. As of April 30, 2026, and April 30, 2025, salary payable was $16,708 and $13,800, respectively.\n\n \n\nAdvisor – Affiliate\n\n \n\nDuring the year ended April 30, 2026, and 2025, the Company issued 0 shares and 100,000 shares of common stock to the affiliated advisor valued at $0 and $13,400, respectively.\n\n \n\nDuring the years ended April 30, 2026, and 2025, the Company incurred consulting fees of $60,000 and $60,000 to the affiliated advisor, respectively. As of April 30, 2026, and April 30, 2025, the total amount due to the affiliated advisor was $330,000 and $270,000, respectively.\n\n \n\nPresident – Distro Plus\n\n \n\n During the year ended April 30, 2025, the Company cancelled the stock payable for 158,333 shares of $23,240.\n\n \n\nAs of April 30, 2026, and April 30, 2025, salary payable was $5,000 and $5,000, respectively.\n\n \n\nVP – Distro Plus\n\n \n\nDuring the year ended April 30, 2025, the Company awarded 1,090,000 shares of common stock to the Vice President of Distro Plus Division valued at $139,310, respectively.\n\n \n\nDuring the year ended April 30, 2025, the Company incurred wages to the Vice President of $116,764. As of April 30, 2026, and April 30, 2025, the salary payable was $0 and $8,843, respectively.\n\n \n\nDuring the year ended April 30, 2026, the Company recorded stock payable of $2,850 and $6,870 for 30,000 shares and 60,000 shares of common stock, respectively. As of April 30, 2026, and 2025, stock payable was $6,870 and $4,020, respectively.\n\n \n\n \n\n36\n\n*Table of Contents*\n\n \n\n**NOTE 8 - COVERTIBLE NOTE PAYABLE**\n\n \n\nConvertible note payable on April 30, 2026, and April 30, 2025, consists of the following:\n\n \n\n \n\n \n\n**April 30,**\n\n**2026**\n\n \n\n \n\n**April 30,**\n\n**2025**\n\n \n\nDated June 16, 2021\n\n \n$-\n \n\n \n$10,000\n \n\nDated September 8, 2021\n\n \n\n \n-\n \n\n \n\n \n18,000\n \n\nTotal convertible note payable\n\n \n$-\n \n\n \n$28,000\n \n\n \n\nOn June 16, 2021, the Company issued a $280,000 Original Issue Discounted Convertible Promissory Note for a purchase price of $250,000, convertible at a fixed rate of $1 per share. The note had a payment term of nine months for expiry date of March 16, 2022, and bears interest at 9% per annum. Additionally, the Company issued to the investor 280,000 three-year warrants to purchase the Company’s common stock at an exercise price of $1.25 per share. On June 16, 2021, the Company recorded a total debt discount of $196,667 comprising original issue discount of $30,000 and discount from warrants of $166,667. During the year ended April 30, 2022, the Company recorded amortization of debt discount of $194,930 reporting under interest expense in the statements of operations. On January 31, 2022, the Company issued 15,000 shares of common stock for the conversion of convertible note principal of $15,000 at a fixed conversion rate of $1 per share. On April 28, 2022, an agreement was reached for the extension of the expiry date to October 16, 2022, and reduced the note conversion rate from $1 per share to $0.15 per share. On May 5, 2022, the Company reduced the warrants exercise price of the attached warrants from $1.25 per share to $0.15 per share. The Company assessed the note and warrant amendment for a debt extinguishment or modification in accordance with ASC 470-50. As the change in fair value of the convertible notes from the note amendment resulted in a less than 5% change in present value of cash flows as compared to the original convertible notes, the note amendment is regarded as a note modification, and no incremental expense was noted. On May 25, 2022, the Company issued 280,000 shares of common stock through the exercise of the warrant shares from this note for proceeds of $42,000. During the year ended April 30, 2023, the Company issued 1,133,332 shares of common stock for the conversion of convertible note principal of $170,000 at a fixed conversion rate of $0.15 per share. During the year ended April 30, 2024, the Company issued 500,000 shares of common stock for the conversion of convertible note principal of $75,000 at a fixed conversion rate of $0.15 per share. During the year ended April 30, 2025, the Company issued 1,000,000 shares of common stock for the conversion of convertible note principal of $10,000 at a fixed conversion rate of $0.15 per share. As of April 30, 2025, the debt discount was fully amortized. As of April 30, 2025, the convertible note principal balance was $10,000. During the three months ended July 31, 2025, the convertible note was fully converted.\n\n \n\nOn September 8, 2021, the Company issued a $168,000 Original Issue Discounted Convertible Promissory Note for a purchase price of $147,000, convertible at a fixed rate of $1 per share. The note had a payment term of nine months for expiry date of June 8, 2022, and bears interest at 9% per annum. Additionally, the Company issued to the investor 168,000 three-year warrants to purchase the Company’s common stock at an exercise price of $1.25 per share. On September 8, 2021, the Company recorded total debt discount of $117,393 comprising original issue discount of $21,000 and discount from warrants of $96,393. On April 28, 2022, an agreement was reached for the extension of the expiry date to November 8, 2022, and reduced the note conversion rate from $1 per share to $0.15 per share. The Company assessed the note amendment for a debt extinguishment or modification in accordance with ASC 470-50. As the change in fair value of the convertible notes from the note amendment fell below 10% of the carrying value of the original convertible notes, the note amendment is regarded as a note modification. During the years ended April 30, 2023, and 2022, the Company recorded amortization of debt discount of $15,480 and $101,913 reporting under interest expense in the statements of operations, respectively. During the year ended April 30, 2024, the Company issued 1,500,000 shares of common stock for the conversion of convertible note principal of $150,000 at a fixed conversion rate of $0.10 per share. During the year ended April 30, 2025, the Company issued 1,000,000 shares of common stock for the conversion of convertible note principal of $10,000 at a fixed conversion rate of $0.15 per share. As of April 30, 2025, the debt discount was fully amortized. As of April 30, 2025, the convertible note principal balance was $18,000. During the three months ended July 31, 2025, the convertible note was fully converted.\n\n \n\nDuring the year ended April 30, 2026, the Company issued 12,827,959 shares of common stock for the conversion of convertible notes for total principal amount of $28,000 and accrued interest of $83,444.          \n\n \n\nDuring the year ended April 30, 2026, and 2025, the Company recorded interest expenses of $0 and $3,397, respectively. As of April 30, 2026, and April 30, 2025, the accrued interest payable was $0 and $83,442, respectively.\n\n \n\nAs of April 30, 2026, and April 30, 2025, the convertible note payable was $0 and $28,000, respectively.\n\n \n\n \n\n37\n\n*Table of Contents*\n\n \n\n**NOTE 9 - PROMISSORY NOTE PAYABLE**\n\n \n\nPromissory note payable on April 30, 2026, and April 30, 2025, consists of the following:\n\n \n\n \n\n \n\n**April 30,**\n\n**2026**\n\n \n\n \n\n**April 30,**\n\n**2025**\n\n \n\nAugust 2022\n\n \n$30,000\n \n\n \n$112,500\n \n\nSeptember 2022\n\n \n\n \n110,000\n \n\n \n\n \n110,000\n \n\nOctober 2022\n\n \n\n \n165,000\n \n\n \n\n \n229,350\n \n\nNovember 2022\n\n \n\n \n60,500\n \n\n \n\n \n60,500\n \n\nJanuary 2023\n\n \n\n \n330,000\n \n\n \n\n \n330,000\n \n\nFebruary 2023\n\n \n\n \n34,120\n \n\n \n\n \n55,000\n \n\nMarch 2023\n\n \n\n \n55,000\n \n\n \n\n \n55,000\n \n\nMay 2023\n\n \n\n \n74,800\n \n\n \n\n \n74,800\n \n\nJune 2023\n\n \n\n \n77,000\n \n\n \n\n \n187,000\n \n\nAugust 2023\n\n \n\n \n165,000\n \n\n \n\n \n165,000\n \n\nSeptember 2023\n\n \n\n \n125,000\n \n\n \n\n \n125,000\n \n\nNovember 2023\n\n \n\n \n130,000\n \n\n \n\n \n130,000\n \n\nJanuary 2024\n\n \n\n \n150,000\n \n\n \n\n \n150,000\n \n\nFebruary 2024\n\n \n\n \n105,000\n \n\n \n\n \n120,000\n \n\nSeptember 2024\n\n \n\n \n99,000\n \n\n \n\n \n110,000\n \n\nOctober 2024\n\n \n\n \n159,500\n \n\n \n\n \n159,500\n \n\nJanuary 2025\n\n \n\n \n33,000\n \n\n \n\n \n82,500\n \n\nFebruary 2025\n\n \n\n \n33,440\n \n\n \n\n \n33,440\n \n\nMarch 2025\n\n \n\n \n119,295\n \n\n \n\n \n121,000\n \n\nApril 2025\n\n \n\n \n324,500\n \n\n \n\n \n324,500\n \n\nJuly 2025\n\n \n\n \n304,205\n \n\n \n\n \n-\n \n\nAugust 2025\n\n \n\n \n100,000\n \n\n \n\n \n-\n \n\nOctober 2025\n\n \n\n \n235,000\n \n\n \n\n \n-\n \n\nNovember 2025\n\n \n\n \n183,000\n \n\n \n\n \n-\n \n\nDecember 2025\n\n \n\n \n30,000\n \n\n \n\n \n-\n \n\nJanuary 2026\n\n \n\n \n165,000\n \n\n \n\n \n-\n \n\nFebruary 2026\n\n \n\n \n340,000\n \n\n \n\n \n-\n \n\nMarch 2026\n\n \n\n \n60,000\n \n\n \n\n \n-\n \n\nTotal promissory notes payable, gross\n\n \n\n \n3,797,360\n \n\n \n\n \n2,735,090\n \n\nLess: Unamortized debt discount\n\n \n\n \n(50,279)\n \n\n \n(104,246)\n\nTotal promissory notes\n\n \n$3,747,081\n \n\n \n$2,630,844\n \n\n \n\n \n\n38\n\n*Table of Contents*\n\n \n\nThe terms of the promissory notes are summarized as follows:\n\n \n\n \n\n•\n\nLoan Expiry Term of Six Months to One Year\n\n \n\n \n\n \n\n \n\n•\n\nWeighted Average Remaining Term of 0.70 years\n\n \n\n \n\n \n\n \n\n•\n\nAnnual interest rate of 10%-18%\n\n \n\n \n\n \n\n \n\n•\n\nConvertible at 25% of the average of the five (5) lowest Daily VWAP over the ten (10) consecutive VWAP Trading Days immediately preceding the date on which the Market Price is being determined, the Holder elects to convert all or part of the note in the event of default.\n\n \n\nDuring the year ended April 30, 2026, and 2025, the Company issued promissory notes for aggregate principal amount of $1,417,205 and $830,940 for proceeds of $1,334,500 and $755,400, respectively.\n\n \n\nDuring the year ended April 30, 2026, and 2025, the Company made repayment on principal balance of promissory notes of $141,916 and $99,200 and accrued interest of promissory notes of $13,800 and $10,222, respectively.\n\n \n\nDuring the year ended April 30, 2026, and 2025, the Company issued 3,777,999 shares and 340,000 shares of common stock for the repayment of $211,314 and $16,500 principal balance and $56,710 and $0 accrued interest of promissory notes, respectively. During the year ended April 30, 2025, the Company recorded gain on note settlement of $9,032 from the repayment.\n\n \n\nDuring the year ended April 30, 2026, and 2025, the Company issued 1,772,750 shares and 3,099,000 shares of common stock as loan inducements for promissory notes, respectively.\n\n \n\nDuring the year ended April 30, 2026, and 2025, the Company issued 2,270,179 shares and 4,516,317 shares of common stock for term extension for promissory notes.\n\n \n\nDuring the year ended April 30, 2025, the Company issued 291,000 shares of common stock for interest and fees on a promissory note upon issuance of the notes.\n\n \n\nDuring the year ended April 30, 2026, and 2025, the Company recorded stock payable of $33,167 and $7,151 for outstanding 428,000 common shares and 201,000 common shares for loan inducements of promissory notes, respectively.\n\n \n\nDuring the year ended April 30, 2025, the Company recorded stock payable of $6,050 for outstanding 45,149 common shares for repayment of outstanding principal balance of promissory notes.\n\n \n\nDuring the year ended April 30, 2026, and 2025, the Company recorded stock payable of $51,555 and $256,513 for outstanding 659,691 and 1,914,280 common shares related to term extension of promissory notes.\n\n \n\nDuring the year ended April 30, 2026, and 2025, the Company recorded interest expenses of $201,137 and $238,228, respectively. During the year ended April 30, 2026, and 2025, the Company made repayment on note interest of $13,800 and $10,222, respectively. As of April 30, 2026, and April 30, 2025, the accrued interest payable was $551,996 and $421,368, respectively.\n\n \n\n \n\n39\n\n*Table of Contents*\n\n \n\n**NOTE 10 – LEASES**\n\n \n\nIn March 2023, the Company entered into finance lease contracts for three vehicles with the ownership of the vehicles transferred to the Company at the end of the term of the leases. The term of these leases are four years with APR ranging from 10.96% to 18%. The Company made down payment of $5,000 on two vehicles and $6,500 on one vehicle.\n\n \n\nDuring the year ended April 30, 2024, the Company entered into finance lease contracts for three vehicles with the ownership of the vehicles transferred to the Company at the end of the term of the leases. The terms of these leases are six years with APR ranging from 13.44% to 15.81%. The Company made a down payment of $5,000 on the two vehicles.\n\n \n\nDuring the year ended April 30, 2026, the Company entered into finance lease contracts for three vehicles with the ownership of the vehicles transferred to the Company at the end of the term of the leases. The terms of these leases ranging from three to six years with APR ranging from 7.03% to 9.49 %. The Company made a down payment of $5,000 on one of these vehicles and traded in a Company owned automobile as trade-in credit valued at $12,000 for another two of these vehicles.\n\n \n\nOn May 22, 2025, the Company signed a new lease moving its Regional Distribution Hub to a new location at 6707 Yonkers Ave Lubbock, Texas. The lease commenced on May 22, 2025, and ended on August 22, 2028, at a cost of $4,500 per month with lease payment begins on August 22, 2025. (Note 11)\n\n \n\nAs of April 30, 2026, and April 30, 2025, the finance lease obligations included in current liabilities were $157,510 and $63,027 and finance lease obligations included in non-current liabilities were $246,189 and $126,446, respectively. During the year ended April 30, 2026, and 2025, repayment on finance lease was $110,863 and $66,097, respectively. During the year ended April 30, 2026, and 2025, interest expense was $25,994 and $16,482 and depreciation on the right-of-used assets was $154,701 and $55,879, respectively.\n\n \n\nAs of April 30, 2026, and April 30, 2025, the Company had the following lease obligations:\n\n \n\n \n\n \n\n**Discount**\n\n \n\n \n\n \n\n**April 30,**\n\n \n\n \n\n**April 30,**\n\n \n\n \n\n \n\n**Rate**\n\n \n\n**Maturity**\n\n \n\n**2026**\n\n \n\n \n\n**2025**\n\n \n\nCurrent\n\n \n\n2.27% - 10.51%\n\n \n\nMarch 2027 - July 2029\n\n \n$207,147\n \n\n \n$63,027\n \n\nNon-current\n\n \n\n2.27% - 10.51%\n\n \n\nMarch 2027 - July 2029\n\n \n\n \n196,552\n \n\n \n\n \n126,446\n \n\n \n\n \n\n \n\n \n\n \n\n \n$403,699\n \n\n \n$189,473\n \n\n \n\nBalance - April 30, 2024\n\n \n$189,896\n \n\nLease liability additions\n\n \n\n \n49,192\n \n\nRepayment of Lease liability\n\n \n\n \n(66,097)\n\nImputed interest\n\n \n\n \n16,482\n \n\nBalance - April 30, 2025\n\n \n$189,473\n \n\nLease liability additions\n\n \n\n \n299,095\n \n\nRepayment of Lease liability\n\n \n\n \n(110,863)\n\nImputed interest\n\n \n\n \n25,994\n \n\nBalance - April 30, 2026\n\n \n$403,699\n \n\n \n\n \n\n40\n\n*Table of Contents*\n\n \n\nThe following table summarizes the maturity of our lease liabilities as of April 30, 2026:\n\n \n\nYear Ended April 30,\n\n \n\n \n\n \n\n2027\n\n \n$223,984\n \n\n2028\n\n \n\n \n134,782\n \n\nThereafter\n\n \n\n \n74,395\n \n\nTotal lease payments\n\n \n\n \n433,161\n \n\nLess: imputed interest\n\n \n\n \n(29,462)\n\nLease liabilities\n\n \n$403,699\n \n\n \n\nAs of April 30, 2026, the Company has right-of-use assets as follows:\n\n \n\nBalance - April 30, 2024\n\n \n$209,317\n \n\nAdditions\n\n \n\n \n52,593\n \n\nDepreciation\n\n \n\n \n(55,879)\n\nBalance - April 30, 2025\n\n \n$206,031\n \n\nAdditions\n\n \n\n \n316,095\n \n\nDepreciation\n\n \n\n \n(154,701)\n\nBalance - April 30, 2026\n\n \n$367,425\n \n\n \n\n \n\n41\n\n*Table of Contents*\n\n \n\n**NOTE 11 **- **INCOME TAX**\n\n \n\nThe Company provides for income taxes under ASC 740, “*Income Taxes.”* Under the asset and liability method of ASC 740, deferred tax assets and liabilities are recorded based on the differences between the financial statement and tax basis of assets and liabilities and the tax rates in effect when these differences are expected to reverse. A valuation allowance is provided for certain deferred tax assets if it is more likely than not that the Company will not realize tax assets through future operations.\n\n \n\nThe reconciliation of the net operating loss for year ended April 30, 2026, and 2025 is shown as follows:\n\n \n\n \n\n \n\n**Year Ended**\n\n \n\n \n\n \n\n**April 30,**\n\n \n\n \n\n**April 30,**\n\n \n\n \n\n \n\n**2026**\n\n \n\n \n\n**2025**\n\n \n\nNet loss\n\n \n$(2,420,890)\n \n$(4,335,319)\n\nAdd: Stock based compensation\n\n \n\n \n421,131\n \n\n \n\n \n1,591,571\n \n\nLess: Accounts payable written off\n\n \n\n \n(413,345)\n \n\n \n-\n \n\nNet operating loss\n\n \n$(2,413,104)\n \n$(2,743,748)\n\n \n\nThe components of the Company’s deferred tax asset and reconciliation of income taxes computed at the statutory rate to the income tax amount recorded as of April 30, 2026, and 2025 are as follows:\n\n \n\n \n\n \n\n**April 30,**\n\n \n\n \n\n**April 30,**\n\n \n\n \n\n \n\n**2026**\n\n \n\n \n\n**2025**\n\n \n\nNet operating loss carryforward\n\n \n$(12,104,233)\n \n$(9,691,129)\n\nEffective tax rate\n\n \n\n \n21%\n \n\n \n21%\n\nDeferred tax asset\n\n \n\n \n(2,541,889)\n \n\n \n(2,035,137)\n\nLess: Valuation allowance\n\n \n\n \n2,541,889\n \n\n \n\n \n2,035,137\n \n\nNet deferred asset\n\n \n$-\n \n\n \n$-\n \n\n \n\nThe valuation allowance increased by $506,752 and $576,187 during the years ended April 30, 2026, and 2025, respectively. As of April 30, 2026, the Company had approximately $12.1 million in net operating losses (“NOLs”) that may be available to offset future taxable income, which begin to expire between 2038 and 2046. NOLs generated in tax years prior to April 30, 2018, can be carried forward for twenty years, whereas NOLs generated after April 30, 2018, can be carried forward indefinitely. In accordance with Section 382 of the U.S. Internal Revenue Code, the usage of the Company’s net operating loss carry forwards is subject to annual limitations following greater than 50% ownership changes. Tax returns for the years ended 2016 through 2026 are subject to review by the tax authorities.\n\n \n\nThe Company did not take any uncertain tax positions and had no adjustments to its income tax liabilities or benefits pursuant to the provisions of Section 740-10-25 for the years ended April 30, 2026, or 2025. The Company recognizes interest accrued related to unrecognized tax benefits in interest expenses and penalties in operating expenses. No such interest or penalties were recognized during the periods presented. The Company had no accruals for interest and penalties on April 30, 2026, or 2025. Tax returns for the years ending 2016 through 2025 are subject to review by the tax authorities.\n\n \n\n**NOTE 12 – SEGMENT REPORTING**\n\n \n\nOperating segments are comprised of the components of an entity in which separate information is available for evaluation by the Company’s chief operating decision maker, or group of decision makers, in determining how to allocate resources in evaluating performance. The Company consists of a single reporting segment: DSD distribution service. The Company’s chief operating decision maker (“CODM”) is its Chief Executive Officer.\n\n \n\nThe accounting policies of the DSD distribution service segment are as described in the summary of significant accounting policies. The CODM evaluates the performance of the segment based on the Company’s net income (loss) as reported in the Statements of Operations. The Company’s segment assets are reported on the Balance Sheets.\n\n \n\nThe CODM reviews performance based on gross profit, operating profit, net earnings and net earnings excluding the impact of the fair value adjustment, a non-GAAP financial measure. Operating profit is reviewed to monitor the operating and administrative expenses of the Company. Profitability is important to the Company’s ability to grow and expand operations and strategic initiatives. The Company does not have any operations or sources of revenue outside of the United States.\n\n \n\n \n\n42\n\n*Table of Contents*\n\n \n\n**NOTE 13 - COMMITMENTS AND CONTINGENCIES**\n\n \n\nThe Company’s principal business and corporate address is 3571 E. Sunset Road, Suite 300, Las Vegas, NV 89120.\n\n \n\nOn August 5, 2020, the Company entered into a lease agreement for the office premise under a term of 6 months commencing on August 10, 2020, at the cost of $4,750 per month, consisting of $2,000 payable in common shares of the Company and $2,750 payable in cash. Subsequent to the end of the agreement, the premise was leased on a month-to-month basis. On January 1, 2022, the Company renewed the lease agreement for the office premise under a term of one year commencing on January 1, 2022, at the cost of $4,000 per month, consisting of $2,000 payable in common shares of the Company and $2,000 payable in cash. As of January 31, 2026, the lease is currently on a month-to-month basis.\n\n \n\nThe lease is exempt from the provisions of ASC 842, Leases, due to the short terms of their durations.\n\n \n\nThe Company also operated a Regional Distribution Hub. This office was originally located at 512 East 42nd Street Lubbock, Texas 79404. On May 22, 2025, the Company signed a new lease moving its Regional Distribution Hub to another location at 6707 Yonkers Ave Lubbock, Texas. This office is approximately 4,096 square feet and is currently leased for a term ending August 22, 2028, at a cost of $4,500 per month.\n\n \n\n**NOTE 14 - SUBSEQUENT EVENTS**\n\n \n\nSubsequent to April 30, 2026, and through the date that these financials were issued, the Company had the following subsequent events:\n\n \n\nOn May 7, 2026, the Company entered into a Security Purchase Agreement with an investor pursuant to which the Company issued a $181,500 Promissory Note for a purchase price of $150,100, convertible at 25% of the average of the five (5) lowest Daily VWAP over the ten (10) consecutive VWAP Trading Days immediately preceding the date on which the Market Price is being determined, the Holder elects to convert all or part of the note in the event of default. The note matures on May 7, 2027, and accrues interest at 10%.\n\n \n\nOn May 8, 2026, the Company issued 300,000 shares of common stock as loan inducements for promissory note\n\n \n\nOn May 13, 2026, the Company entered into a Security Purchase Agreement with an investor pursuant to which the Company issued a $50,000 Promissory Note. The note matures September 27, 2027, and accrues interest at 12%.\n\n \n\nOn May 19, 2026, the Company issued 393,081 shares of common stock for repayment of a promissory note.\n\n \n\nOn May 20, 2026, the Company issued 380,317 shares of common stock for repayment of a promissory note.\n\n \n\nOn May 27, 2026, the Company issued 566,509 shares of common stock for repayment of a promissory note.\n\n \n\nOn June 3, 2026, the Company entered into a Security Purchase Agreement with an investor pursuant to which the Company issued a $30,000 Promissory Note. The note matures December 3, 2027, and accrues interest at 12%.\n\n \n\nOn June 10, 2026, the Company entered into a Security Purchase Agreement with an investor pursuant to which the Company issued a $110,000 Promissory Note for a purchase price of $100,000, convertible at 25% of the average of the five (5) lowest Daily VWAP over the ten (10) consecutive VWAP Trading Days immediately preceding the date on which the Market Price is being determined, the Holder elects to convert all or part of the note in the event of default. The note matures on June 10, 2027, and accrues interest at 10%.\n\n \n\nOn June 10, 2026, the Company issued 781,250 shares of common stock for repayment of a promissory note.\n\n \n\nOn July 6, 2026, the Company issued 200,000 shares of common stock as loan inducements for promissory note\n\n \n\nOn July 13, 2026, the Company entered into a Security Purchase Agreement with an investor pursuant to which the Company issued a $110,000 Promissory Note for a purchase price of $100,000, convertible at 25% of the average of the five (5) lowest Daily VWAP over the ten (10) consecutive VWAP Trading Days immediately preceding the date on which the Market Price is being determined, the Holder elects to convert all or part of the note in the event of default. The note matures on July 13, 2027, and accrues interest at 10%.\n\n \n\nOn June 25, 2026, the Company issued 371,333 shares of common stock for repayment of a promissory note.\n\n \n\nOn July 14, 2026, the Company issued 763,807 shares of common stock for repayment of a promissory note.\n\n \n\nOn July 21, 2026, the Company issued 518,737 shares of common stock for repayment of a promissory note.\n\n \n\nOn July 28, 2026, the Company issued 756,543 shares of common stock for repayment of a promissory note.\n\n \n\nOn July 30, 2026, the Company issued 437,062 shares of common stock for repayment of a promissory note.\n\n \n\n \n\n \n\n43\n\n*Table of Contents*"}