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EXCHANGE COMMISSION**\n\n**Washington,\nD.C. 20549**\n\n \n\n**FORM\n10-K**\n\n \n\n(Mark\nOne)\n\n \n\n☒\n**ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**\n\n \n\nFor\nthe fiscal year ended: **March 31, 2026**\n\n \n\nor\n\n \n\n☐\n**TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**\n\n \n\nFor\nthe transition period from ____________ to ____________\n\n \n\nCommission\nfile number: 001-41930\n\n \n\n**Perfect\nMoment Ltd.**\n\n(Exact\nname of registrant as specified in its charter)\n\n \n\n**Delaware**\n \n**86-1437114**\n\nState\nor other jurisdiction of\n \n(I.R.S.\nEmployer\n\nincorporation\nor organization\n \nIdentification\nNo.)\n\n \n\n**244\n5th Ave Ste 1219**\n\n**New\nYork, NY 10001**\n\n(Address\nof principal executive offices)\n\n \n\n**315-615-6156**\n\n(Registrant’s\ntelephone number, including area code)\n\n \n\nSecurities\nregistered pursuant to Section 12(b) of the Act\n\n \n\nTitle\nof each class\n \nTrading\nSymbol(s)\n \nName\nof each exchange on which registered\n\n**Common\nStock, $0.0001 par value**\n \n**PMNT**\n \n**OTCQB\nVenture Market**\n\n \n\nSecurities\nregistered pursuant to Section 12(g) of the Act: **None**\n\n \n\nIndicate\nby check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.\n\n \n\nYes\n☐ No ☒\n\n \n\nIndicate\nby check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.\n\n \n\nYes\n☐ No ☒\n\n \n\nIndicate\nby check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange\nAct of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2)\nhas been subject to such filing requirements for the past 90 days.\n\n \n\nYes\n☒ No ☐\n\n \n\nIndicate\nby check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted and posted pursuant\nto Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant\nwas required to submit such files).\n\n \n\nYes\n☒ No ☐\n\n \n\nIndicate\nby check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting\ncompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,”\n“smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act\n\n \n\nLarge\naccelerated filer\n☐\nAccelerated\nfiler\n☐\n\n \n \n \n \n\nNon-accelerated\nfiler\n☒\nSmaller\nreporting company\n☒\n\n \n \n \n \n\n \nEmerging\ngrowth company\n☒\n\n \n\nIf\nan emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying\nwith any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐\n\n \n\nIndicate\nby check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness\nof its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered\npublic accounting firm that prepared or issued its audit report. ☐\n\n \n\nIf\nsecurities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant\nincluded in the filing reflect the correction of an error to previously issued financial statements. ☐\n\n \n\nIndicate\nby check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation\nreceived by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b). ☐\n\n \n\nIndicate\nby check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). ☐ Yes ☒ No\n\n \n\nThe aggregate market value of the\ncommon equity held by non-affiliates of the registrant on September 30, 2025 was approximately $7,226,000.\nSuch market value was computed by reference to the closing price of the common stock as reported on the NYSE American on September\n30, 2026. For purposes of determining this amount only, the registrant has defined affiliates as including the executive officers,\ndirectors and owners of 10% or more of the outstanding voting stock of the registrant on March 31, 2026.\n\n \n\nAs\nof June 29, 2026, there were 53,108,780 shares of common stock, $0.0001 par value per share, outstanding.\n\n \n\nDOCUMENTS\nINCORPORATED BY REFERENCE\n\nNone\n\n \n\n \n\n \n\n \n\n \n\n \n\n**TABLE\nOF CONTENTS**\n\n \n\n**PART I**\n1\n\n[ITEM 1. BUSINESS](#DB_003)\n1\n\n[ITEM 1A. RISK FACTORS](#DB_009)\n7\n\n[ITEM 1B. UNRESOLVED STAFF COMMENTS](#DB_004)\n26\n\n[ITEM 1C. CYBERSECURITY](#DB_005)\n26\n\n[ITEM 2. PROPERTIES](#DB_006)\n26\n\n[ITEM 3. LEGAL PROCEEDINGS](#DB_007)\n26\n\n[ITEM 4. MINE SAFETY DISCLOSURES](#DB_008)\n26\n\n**PART II**\n27\n\n[ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES](#DB_011)\n27\n\n[ITEM 6. [RESERVED]](#DB_012)\n27\n\n[ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS](#DB_013)\n27\n\n[ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK](#gv_001)\n37\n\n[ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA](#gv_002)\n37\n\n[ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE](#gv_003)\n37\n\n[ITEM 9A. CONTROLS AND PROCEDURES](#gv_004)\n38\n\n[ITEM 9B. OTHER INFORMATION](#gv_005)\n39\n\n[ITEM 9C. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS](#gv_006)\n39\n\n[**PART III**](#gv_007)\n40\n\n[ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE](#gv_008)\n40\n\n[ITEM 11. EXECUTIVE COMPENSATION](#gv_009)\n45\n\n[ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS](#gv_010)\n54\n\n[ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE](#gv_011)\n56\n\n[ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES](#gv_012)\n58\n\n[**PART IV**](#gv_013)\n59\n\n[ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES](#gv_014)\n59\n\n[ITEM 16. FORM 10-K SUMMARY](#gv_015)\n59\n\n \n\nii\n\n \n\n \n\n**CAUTIONARY\nNOTE REGARDING Forward-Looking Statements**\n\n \n\nThis\nAnnual Report on Form 10-K for the fiscal year ended March 31, 2026 (this “Annual Report”) contains forward-looking statements\nwithin the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the\nSecurities Exchange Act of 1934, as amended (the “Exchange Act”), which statements are subject to considerable risks and\nuncertainties. These forward-looking statements are not historical facts but rather are plans and predictions based on current expectations,\nestimates, and projections about our industry, our beliefs, and assumptions.\n\n \n\nForward-looking\nstatements relate to matters such as our industry, business plans and strategies, material contracts, key relationships, consumer behavior,\nrevenue, expenses, margins, profitability, capital expenditures, liquidity, capital resources and other operating information, and can\nbe identified by words such as “may,” “will,” “could,” “should,” “anticipate,”\n“expect,” “intend,” “project,” “plan,” “believe,” “seek,” “assume,”\nand variations of these words and similar expressions. All of our forward-looking statements include assumptions underlying or relating\nto such statements that may cause actual results to differ materially from those that we are currently expecting, and are subject to\nconsiderable risks and uncertainties, including without limitation:\n\n \n\n \n●\nour\nexpectations regarding our revenue, expenses, profitability and other operating results;\n\n \n●\nthe\ngrowth rates of the markets in which we compete;\n\n \n●\nthe\ncosts and effectiveness of our marketing efforts, as well as our ability to promote our brand;\n\n \n●\nour\nability to provide quality products that are acceptable to our customers;\n\n \n●\nour\nreliance on key personnel and our ability to identify, recruit and retain skilled personnel;\n\n \n●\nour\nability to effectively manage our growth, including offering new product categories and any international expansion;\n\n \n●\nour\nability to protect our intellectual property rights and avoid disputes in connection with the use of intellectual property rights\nof others;\n\n \n●\nour\nability to protect our users’ information and comply with growing and evolving data privacy laws and regulations;\n\n \n●\nfuture\ninvestments in our business, our anticipated capital expenditures and our estimates regarding our capital requirements;\n\n \n●\nour\nability to compete effectively with existing competitors and new market entrants; and\n\n \n●\nour\nsuccess at managing the risks involved in the foregoing.\n\n \n\nThe\nforward-looking statements contained in this Annual Report are based on management’s current plans, estimates and expectations\nin light of information currently available to us, and they are subject to uncertainty and changes in circumstances. There can be no\nassurance that future developments affecting us will be those we have anticipated. Actual results may differ materially from these expectations\ndue to changes in global, regional or local political, economic, business, competitive, market, regulatory and other factors, many of\nwhich are beyond our control, as well as the other factors described in the section entitled “*Risk Factors*” within\nthis Annual Report and in the other reports we file with the Securities and Exchange Commission (“SEC”). These risks and\nuncertainties include those described in the section entitled “*Risk Factors*.”\n\n \n\nYou\nshould not place undue reliance on these forward-looking statements. Our forward-looking statements are based on the information currently\navailable to us and speak only as of the date on which they were made. Additional factors or events that could cause our actual results\nto differ may also emerge from time to time, and it is not possible for us to predict all of them. Over time, our actual results, performance,\nor achievements may differ from those expressed or implied by our forward-looking statements, and such a difference might be significant\nand materially adverse to our security holders. Comparisons of results for current and any prior periods are not intended to express\nany future trends, or indications of future performance, unless expressed as such, and should only be viewed as historical data. Except\nas required by law, we undertake no obligation to update publicly any forward-looking statements, whether as a result of new information,\nfuture events, or otherwise. We have identified some of the important factors that could cause future events to differ from our current\nexpectations and they are described in this Annual Report under the captions “*Risk Factors*,” and “*Management’s\nDiscussion and Analysis of Financial Condition and Results of Operations*,” as well as in other documents that we may file with\nthe SEC, all of which you should review carefully. We qualify all of our forward-looking statements by these disclaimers.\n\n \n\niii\n\n \n\n \n\n**PART\nI**"}