{"url_path":"/sec/ytfd/10-q/2026/item-2","section_key":"item-2","section_title":"Item 2 MANAGEMENT’S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION.**","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-15","source_url":"https://www.sec.gov/Archives/edgar/data/1311673/0001493152-26-023704-index.html","accession_number":"0001493152-26-023704","cik":"0001311673","ticker":"YTFD","issuer_name":"Yale Transaction Finders, Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1311673/0001493152-26-023704-index.html","primary_entity_key":"0001311673","primary_entity_name":"Yale Transaction Finders, Inc."},"word_count":1622,"has_tables":true,"body_markdown":"**ITEM\n2. MANAGEMENT’S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION.**\n\n \n\n*The\nfollowing discussion should be read in conjunction with our unaudited financial statements and the notes thereto.*\n\n \n\n**Forward-Looking\nStatements**\n\n \n\nThis\nquarterly report contains forward-looking statements and information relating to us that are based on the beliefs of our management as\nwell as assumptions made by, and information currently available to, our management. When used in this report, the words “believe,”\n“anticipate,” “expect,” “estimate,” “intend”, “plan” and similar expressions,\nas they relate to us or our management, are intended to identify forward-looking statements. These statements reflect management’s\ncurrent view of us concerning future events and are subject to certain risks, uncertainties and assumptions, including among many others:\na general economic downturn; a downturn in the securities markets; federal or state laws or regulations having an adverse effect on proposed\ntransactions that we desire to effect; Securities and Exchange Commission regulations which affect trading in the securities of “penny\nstocks”; and other risks and uncertainties. Should any of these risks or uncertainties materialize, or should underlying assumptions\nprove incorrect, actual results may vary materially from those described in this report as anticipated, estimated or expected. The accompanying\ninformation contained in this registration statement, including, without limitation, the information set forth under the heading “Management’s\nDiscussion and Analysis or Plan of Operation — Risk Factors” identifies important additional factors that could materially\nadversely affect actual results and performance. You are urged to carefully consider these factors. All forward-looking statements attributable\nto us are expressly qualified in their entirety by the foregoing cautionary statement.\n\n \n\n**Overview**\n\n \n\nWe\nare presently a shell company (as defined in Rule 12b-2 of the Exchange Act) whose plan of operation over the next twelve months is to\nseek and, if possible, acquire an operating business or valuable assets by entering into a business combination. We will not be restricted\nin our search for business combination candidates to any particular geographical area, industry or industry segment, and may enter into\na combination with a private business engaged in any line of business, including service, finance, mining, manufacturing, real estate,\noil and gas, distribution, transportation, medical, communications, high technology, biotechnology or any other. Management’s discretion\nis, as a practical matter, unlimited in the selection of a combination candidate. Management will seek combination candidates in the\nUnited States and other countries, as available time and resources permit, through existing associations and by word of mouth. This plan\nof operation has been adopted in order to attempt to create value for our shareholders. For further information on our plan of operation\nand business, see PART I, Item 1 of our Annual Report on Form 10-K for the year ended December 31, 2025.\n\n \n\n**Plan\nof Operation**\n\n \n\nWe\ndo not intend to do any product research or development. We do not expect to buy or sell any real estate, plant or equipment except as\nsuch a purchase might occur by way of a business combination that is structured as an asset purchase, and no such asset purchase currently\nis anticipated. Similarly, we do not expect to add additional employees or any full-time employees except as a result of completing a\nbusiness combination, and any such employees likely will be persons already then employed by the company acquired.\n\n \n\nThe\nCompany’s business plan consists of exploring potential targets for a business combination through the purchase of assets, share\npurchase or exchange, merger or similar type of transaction. We anticipate no operations unless and until we complete a business combination\nas described above.\n\n \n\n9\n\n \n\n \n\n**Three\nMonths Ended March 31, 2026 Compared to March 31, 2025**\n\n \n\nThe\nfollowing table summarizes the results of our operations during the three months ended March 31, 2026 and March 31, 2025 and provides\ninformation regarding the dollar and percentage increase or (decrease) from the current three-month period to the prior three-month period:\n\n \n\nLine Item \n\n**3/31/2026**\n\n**(unaudited)**\n  \n\n**3/31/2025**\n\n**(unaudited)**\n  \n\n**Increase/**\n\n**(Decrease)**\n  \n\n**Percentage**\n\n**Increase**\n\n**(Decrease)**\n \n\n  \n   \n   \n   \n  \n\nRevenues \n —  \n —  \n —  \n — \n\nOperating expenses \n$6,841  \n 7,739  \n (898) \n (11.6)%\n\nNet loss \n$(8,764) \n (9,200) \n (436) \n (4.7)%\n\nLoss per share of common stock \n$(0.00) \n (0.00) \n    \n   \n\n \n\nWe\nrecorded a net loss of $8,764 for the three months ended March 31, 2026 as compared with a net loss of $9,200 for the three months ended\nMarch 31, 2025.\n\n \n\n**Liquidity\nand Capital Resources**\n\n \n\nWe\nhad $7,668 cash on hand at March 31, 2026 and had no other assets to meet ongoing expenses or debts that may accumulate. Since inception,\nwe have accumulated a deficit of $1,406,352. As of March 31, 2026, we had $183,757 in liabilities and a negative working capital of $176,089.\n\n \n\nWe\nhave no commitment for any capital expenditure and foresee none. However, we will incur routine fees and expenses incident to our reporting\nduties as a public company, and we will incur expenses in finding and investigating possible acquisitions and other fees and expenses\nin the event we make an acquisition or attempt but are unable to complete an acquisition. Our cash requirements for the next twelve months\nare principally for accounting expenses and other expenses related to making filings required under the Securities Exchange Act of 1934,\nwhich should not exceed $50,000 in the fiscal year ending December 31, 2026. Any travel, lodging or other expenses which may arise related\nto finding, investigating and attempting to complete a combination with one or more potential acquisitions could also amount to thousands\nof dollars.\n\n \n\nWe\nwill only be able to pay our future obligations and meet operating expenses by raising additional funds, acquiring a profitable company\nor otherwise generating positive cash flow. As a practical matter, we are unlikely to generate positive cash flow by any means other\nthan acquiring a company with such cash flow. We believe that management members or shareholders will loan funds to us as needed for\noperations prior to completion of an acquisition. Management and the shareholders are not obligated to provide funds to us, however,\nand it is not certain they will always want or be financially able to do so. Our shareholders and management members who advance money\nto us to cover operating expenses will expect to be reimbursed, either by us or by the company acquired, prior to or at the time of completing\na combination. We have no intention of borrowing money to reimburse or pay salaries to any of our officers, directors or shareholders\nor their affiliates. There currently are no plans to sell additional securities to raise capital, although sales of securities may be\nnecessary to obtain needed funds. Our current management has agreed to continue their services to us and to accrue sums owed them for\nservices and expenses and expect payment reimbursement only.\n\n \n\nShould\nexisting management or shareholders refuse to advance needed funds, however, we would be forced to turn to outside parties to either\nloan money to us or buy our securities. There is no assurance whatever that we will be able at need to raise necessary funds from outside\nsources. Such a lack of funds could result in severe consequences to us, including among others:\n\n \n\n●\nfailure\nto make timely filings with the SEC as required by the Exchange Act, which also probably would result in suspension of trading or\nquotation in our stock and could result in fines and penalties to us under the Exchange Act;\n\n \n \n\n●\ncurtailing\nor eliminating our ability to locate and perform suitable investigations of potential acquisitions; or\n\n \n \n\n●\ninability\nto complete a desirable acquisition due to lack of funds to pay legal and accounting fees and acquisition-related expenses.\n\n \n\nWe\nhope to require potential candidate companies to deposit funds with us that we can use to defray professional fees and travel, lodging\nand other due diligence expenses incurred by our management related to finding and investigating a candidate company and negotiating\nand consummating a business combination. There is no assurance that any potential candidate will agree to make such a deposit.\n\n \n\n10\n\n \n\n \n\nG**oing\nConcern**\n\n \n\nThe\naccompanying financial statements have been prepared assuming that the Company will continue as a going concern. We generated a net loss\nof $8,764 for the three-month period ended March 31, 2026 and had a negative working capital of $176,089 and an accumulated deficit of\n$1,406,352 as of March 31, 2026, respectively. We generated a net loss of $9,200 for the three-month period ended March 31, 2025 and\nhad a negative working capital of $136,157 and an accumulated deficit of $1,366,420 as of March 31, 2025, respectively. These factors,\namong others, raise substantial doubt regarding the Company’s ability to continue as a going concern. The continuation of the Company\nas a going concern is dependent upon the continued financial support from its shareholders or the ability of the Company to obtain necessary\nequity financing to continue operations. The financial statements do not include any adjustments that might result from the uncertainty\nabout our ability to continue our business. Given the Company’s limited resources and limited access to capital, there is little\nthe Company can do to address this issue until it identifies and completes a transaction with a third party. There is no guarantee that\nsuch a transaction can be completed, and if one is completed, that it will be on terms which are beneficial to shareholders or alleviate\nthe substantial doubt about the Company’s ability to continue as a going concern. The Company’s plan to alleviate the going\nconcern issue is to continue to seek out a merger partner which has the financial resources to address the going concern issue.\n\n \n\n**Off-Balance\nSheet Arrangements**\n\n \n\nWe\ndo not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial\ncondition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources\nthat is material to investors."}