Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations.
Management’s Discussion and Analysis
This section of the Form 10-K includes a number of forward-looking statements that reflect our current views with respect to future events and financial performance. Forward-looking statements are often identified by words like believe, expect, estimate, anticipate, intend, project and similar expressions, or words which, by their nature, refer to future events. You should not place undue certainty on these forward-looking statements. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from our predictions.
Capital Resources and Liquidity
The Company expects that additional capital will be required to support the continued commercialization of its software platform, expansion of sales and distribution channels, and general working capital requirements. The Company intends to seek such capital through a combination of equity financing, debt financing, strategic investment, or other capital markets transactions. There can be no assurance that additional financing will be available on acceptable terms, or at all.
If financing is obtained, it may involve the issuance of equity securities resulting in dilution to existing stockholders, or the incurrence of debt obligations that may carry interest rates or other terms less favorable than those available to more established companies. Management will evaluate the timing, structure, and terms of any potential financing based on market conditions and the Company’s operational requirements.
If the Company is unable to obtain sufficient additional capital when needed, it may be required to delay, reduce, or suspend certain business activities, including sales expansion, product development initiatives, or strategic growth plans, which could materially adversely affect the Company’s business, financial condition, and results of operations.
During the year ended December 31, 2025, our cashflows in and out were negative with ending cash was at negative $14 and cash for the year ended December 31, 2024 was at $52,544. As of the date of this Form 10-K, the current funds available to the Company will not be sufficient to fund the expenses related to maintaining a reporting status. Accordingly, the Company is actively evaluating potential capital-raising alternatives, including private placements of equity securities, registered offerings, debt financing arrangements, or other capital markets transactions. There can be no assurance that such financing will be available on acceptable terms or at all.
Management believes that additional financing, if obtained, would be used primarily to support expansion of commercial sales activities, marketplace distribution efforts, and general working capital requirements. However, the Company’s ability to raise additional capital will depend on market conditions, investor demand, operating performance, and other factors beyond management’s control. If the Company is unable to obtain additional capital when required, it may need to delay, scale back, or suspend certain operational initiatives, which could materially adversely affect the Company’s business and financial condition.
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Results of Operations
During the periods presented, the Company focused on completing development and commercialization readiness of its proprietary software platform and expanding its intellectual property portfolio. The Company also undertook efforts to establish enterprise sales enablement capabilities, distribution channel relationships, and business development infrastructure intended to support future revenue growth.
The Company has implemented its core software platform and commenced commercialization activities; however, broader deployment of its sales organization, channel partnerships, and growth initiatives remains dependent on the availability of additional capital. The Company will require additional financing, which may consist of debt, equity, or a combination thereof, to fully execute its commercial expansion strategy and support ongoing reporting and operational obligations. There can be no assurance that such financing will be available on acceptable terms or at all.
If the Company is unable to obtain sufficient financing, its existing cash resources will not be sufficient to sustain reporting obligations and planned operational expansion, and the Company may be required to delay or reduce its business activities.
We had $0 in revenue for the fiscal years ended December 31, 2025 and $686,165 in 2024.
Total operating expenses for the year ended December 31, 2025, were $52,945 as compared to total operating expenses for the year ended December 31, 2024 were $124,685, and a net loss for the year ended December 31, 2024 of $25,939 and a net loss for the year ended December 31, 2023 of $25,939. The net loss for the year ended December 31, 2025, is a result of no Revenue and expenses including General and Administrative expenses of $29,099, Professional Fees of $23,871, and Compensation adjustment of negative $26. Conversely, the net loss for the year ended December 31, 2024, is a result of Revenue of $686,165 offset by expenses including General and Administrative expenses of $35,981, Professional Fees of $16,961, and Compensation of 71,743. The increase in expenses in 2025 as compared to 2024 is primarily due to a increase in Professional Fees and a decrease in Compensation Expenses and General and Administrative Expenses.
Off-Balance sheet arrangements
The Company has no off-balance sheet arrangements that have or are reasonably likely to have a current or future effect or change on the company’s financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to investors. The term “off-balance sheet arrangement” generally means any transaction, agreement or other contractual arrangement to which an entity unconsolidated with the company is a party, under which the company has (i) any obligation arising under a guarantee contract, derivative instrument or variable interest; or (ii) a retained or contingent interest in assets transferred to such entity or similar arrangement that serves as credit, liquidity or market risk support for such assets.
Plan of Operations
On October 5, 2018, the Company changed its name to Internet Sciences Inc. (“ISI”). Internet Sciences Inc. (“ISI” or the “Company”), formerly known as Luxury Trine Digital Media Group Inc., is an emerging enterprise data intelligence and analytics platform focused on delivering data purification, operational analytics, and IoT-enabled intelligence solutions for enterprise customers.
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ASC 810-10-25-38, “Consolidation of Variable Interest Entities” requires a variable interest entity (“VIE”) to be consolidated by a company if that company absorbs a majority of the VIE’s expected losses and/or receives a majority of the entity’s expected residual returns as a result of holding variable interests. Trine Digital Broadcasting is a VIE as defined by ASC 810-10-25-38. As ISI owns 49% of the VIE and the founder (CEO) majority shareholder (a related party) of ISI controls the remaining 51%, ISI has been determined to be the primary beneficiary of this VIE. The VIE was formed to expand the business of ISI into the United Kingdom. Trine Digital Broadcasting Ltd was dissolved in July 2024 as ISI discontinued its efforts to publish its broadcast software for HBB TV in the United Kingdom. There was no financial impact to ISI from the dissolution.
Although the variable interest entity (“VIE”) ceased operations in July 2024, historical financial results associated with the VIE are included in comparative quarterly and annual financial statements presented through the year ended December 31, 2025, in order to provide period-over-period financial transparency.
The Company expects that the Form 10-K for the year ended December 31, 2025 will be the final annual report in which the VIE is referenced in narrative disclosure, other than where required for historical comparison in previously reported periods.
Over the past several years, the Company transitioned from a services-oriented operating model, which included consulting and technology integration activities, to a focused enterprise software platform strategy centered on proprietary data intelligence solutions. While services and third-party integration support were previously utilized to support early-stage operations and customer engagements, the Company’s current strategic emphasis is on the development, commercialization, and scaling of its proprietary software products delivered through API-based and SaaS models.
Concurrently, the Company formalized its research and development structure by designating its wholly owned subsidiaries, Institute of Technology Informatics & Computer Analytics LLC (“IoTICA”) and Analygence Limited, as dedicated research arms supporting advanced computational initiatives. These subsidiaries now focus primarily on the development of quantum-inspired learning model (“QLM”) architectures and related optimization frameworks intended to enhance the Company.
Operating Structure
Internet Sciences Inc. (“ISI”) is the Company’s primary operating entity and is responsible for commercialization, customer engagement, and revenue-generating activities. ISI develops and distributes its proprietary enterprise data intelligence software solutions through API-based and SaaS deployment models.
The Company maintains two wholly owned subsidiaries, Institute of Technology Informatics & Computer Analytics LLC (“IoTICA”) and Analygence Limited, which serve as dedicated research and development arms. These subsidiaries do not independently commercialize products or generate material revenue. Their primary function is to conduct advanced computational research and support long-term innovation initiatives aligned with ISI’s enterprise analytics platform.
Current Business Focus
ISI’s current strategic focus is the commercialization and scaling of its proprietary enterprise software platform, which provides data purification, validation, optimization, and analytics capabilities for enterprise and IoT-enabled environments. The Company’s solutions are designed to automate manual data workflows, enhance operational efficiency, and improve decision intelligence across complex systems.
Research and Innovation Initiatives
In parallel with commercialization activities, the Company continues to invest in research initiatives focused on advanced computational optimization methods. These initiatives include the development of quantum-inspired learning model (“QLM”) architectures and related decision-intelligence frameworks designed to enhance scalability and optimization performance for large-scale enterprise datasets.
QLM research is intended to support long-term technological differentiation and platform enhancement. Commercial deployment of products derived from such research, if any, is undertaken by ISI.
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Strategic Platform Enhancement
The Company’s research initiatives are designed to enhance and extend the capabilities of its enterprise analytics platform over time. By maintaining dedicated research subsidiaries focused on advanced computational methods, ISI is able to pursue long-term innovation while preserving operational focus on commercialization and revenue generation.
The integration of advanced optimization frameworks, including quantum-inspired learning model (“QLM”) architectures, is intended to improve scalability, decision intelligence, and system performance across complex enterprise environments. These enhancements are expected to strengthen the Company’s ability to address large-scale data challenges in IoT-enabled and distributed systems.
The separation of research and commercialization functions allows ISI to manage development risk while continuing to expand its enterprise software footprint. This structure is designed to support sustainable innovation, disciplined capital allocation, and scalable growth.
The Company’s principal place of business is 1330 Avenue of the Americas, 23 rd Floor, New York, NY 10019.
Its registered address with the State of Delaware is 8 The Green STE A, Dover, Delaware 19901.
OUR COMPETITION
The Company operates in highly competitive and rapidly evolving markets for enterprise data analytics, data management, and optimization software. The competitive landscape includes large, well-capitalized enterprise software providers, cloud platform operators, and specialized analytics and data infrastructure companies.
The Company competes with established enterprise software vendors that offer data integration, analytics, automation, and cloud-based solutions, as well as emerging technology firms developing advanced data intelligence and optimization tools. Many of these competitors have significantly greater financial resources, longer operating histories, broader customer bases, and established brand recognition.
In addition, certain cloud platform providers and infrastructure vendors may offer integrated analytics capabilities within their broader ecosystems, which could limit the need for third-party solutions such as those offered by the Company.
Competition in this market is based on factors including technological capability, scalability, integration flexibility, performance, pricing, customer relationships, and the ability to demonstrate measurable operational value. The Company’s ability to compete effectively will depend on its capacity to continue enhancing its platform, expand distribution channels, and secure sufficient capital to support commercialization and growth initiatives.
There can be no assurance that the Company will be able to compete successfully against existing or future competitors.
