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YoY shift: Lean -
Year-over-year tone shift - average net-tone change across Risk Factors and MD&A vs the prior 10-K. This filing is -0.17pp more bearish than last year's.
Why YoY instead of absolute: the LM lexicon has ~6.6× more negative words than positive (legal/risk-disclosure language is heavy on hedging), so every 10-K reads bearish on raw tone. Year-over-year change strips that bias and surfaces the actual shift in management's framing.
Tone shift by section
The two components the gauge averages: how Risk Factors and MD&A each shifted in net tone versus last year's 10-K. The headline above is their average, so a green needle over a soft section just means the other section carried it.
Risk Factors
-
Not scored
Net-tone change vs last year's 10-K.
MD&A
-0.17pp
Flat
Net-tone change vs last year's 10-K.
Per-snippet highlights
Sentence-level sentiment highlighting with category and subcategory filters is coming once the snippet-scoring pipeline lands. For now, dig into the actual section text on the Sections tab.
No section text extracted for this filing. The 10-K may use a non-standard template that the parser doesn't recognize - the original doc is still linked in the Stats tab.
Language change vs prior 10-K
MD&A (Item 7) - words with the biggest YoY frequency increase
Negative rising
deficit+1
Positive rising
No words rose this year.
MD&A (Item 7)
869 words
Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations
The following discussion should be read in conjunction with our audited financial statements and the related notes for the years ended December 31, 2025 and December 31, 2024 that appear elsewhere in this annual report. The following discussion contains forward-looking statements that reflect our plans, estimates and beliefs. Our actual results could differ materially from those discussed in the forward-looking statements. Factors that could cause or contribute to such differences include but are not limited to those discussed below and elsewhere in this annual report.
Year Ended December 31, 2025 compared to Year Ended December 31, 2024
Net Revenues
We generated $0 in revenues and incurred $0 in cost of sales for the years ended December 31, 2025 and 2024.
Selling, General and Administrative Expense
During the year ended December 31, 2025, we incurred $34,659 in general and administrative expenses compared to $43,158 in general and administrative expenses for the year ended December 31, 2024. General and administrative expenses primarily consist of legal, accounting, consulting and other professional service fees.
Net Loss
Net loss was $42,124 for the year ended December 31, 2025 compared to net loss of $47,225 for the year ended December 31, 2024.
Cash Used in Operating Activities
Net cash used in operating activities for the year ended December 31, 2025 was $27,113 compared to net cash used in operating activities of $40,758 for the year ended December 31, 2024.
Cash Provided by Financing Activities
Net cash provided by financing activities for the year ended December 31, 2025 consisted solely of proceeds from convertible notes totaling $27,113 compared to net cash provided by financing activities of $40,758 consisting solely of convertible notes for the year ended December 31, 2024.
Total Liabilities
The Company’s total liabilities were $182,812 as of December 31, 2025 compared to total liabilities of $140,688 as of December 31, 2024.
Stockholders’ Deficit
The Company’s stockholders’ deficit was $182,812 as of December 31, 2025 compared to stockholders’ deficit of $140,688 as of December 31, 2024.
Liquidity and Capital Resources
The Year Ended December 31, 2025 compared to Year Ended December 31, 2024
Cash and cash equivalents were $0 as of December 31, 2025 and December 31, 2024. Our total current assets were $0 and our total current liabilities were $81,794 as of December 31, 2025. At the end of the year ended December 31, 2024, cash and cash equivalents were $0, total current assets were $0, and total current liabilities were $74,248.
We had a working capital deficiency of $81,794 as of December 31, 2025 compared to a working capital deficiency of $74,248 as of December 31, 2024.
We received proceeds from convertible notes of $27,113 during the year ended December 31, 2025. For the year ended December 31, 2024, we received proceeds from convertible notes of $40,758.
Off-Balance Sheet Arrangements
We do not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that is material to investors.
Table of Contents
Contractual Obligations and Commitments
On July 18, 2022, the Company announced that it is entering the Drone / Unmanned Aerial Vehicles market with the launch of its new brand, RevoluDrones. On July 20, 2022, the Company purchased 10-month licenses for 4 patents to assist in its drone business.
As of December 31, 2025, we do not have any other contractual obligations and commitments.
Plan of Operation for the Next 12 Months
Our expenses for the twelve-month period beginning from January 1, 2026 are estimated to be approximately $50,000. With our working capital deficit of $81,794 as of December 31, 2025, we will need to raise additional capital to cover our expenses for the twelve-month period beginning from January 1, 2026.
Estimated Expenses for the Twelve-Month Period Beginning January 1, 2026
Professional Fees
Marketing and Business Development
General & Administrative
Total
We will continue to rely on equity sales of our common shares and funding from directors and shareholders in order to continue to fund our business operations. Issuance of additional shares will result in dilution to existing stockholders. There is no assurance that we will achieve any additional sales of the equity securities or arrange for debt or other financing to fund our operations and other activities.
Going Concern
We incurred a cumulative net loss of $225,686 during the period from inception to December 31, 2025. We have limited operations, raising substantial doubt about our ability to continue as a going concern. We will seek additional sources of capital through the issuance of debt or equity financing, but there can be no assurance that we will be successful in accomplishing our objectives. Our ability to continue as a going concern is dependent on additional sources of capital and the growth of our business.
Critical Accounting Policies
Our significant accounting policies are described in the notes to our financial statements for the year ended December 31, 2025, and are included elsewhere in this annual report on Form 10-K.
