Annual Report for Fiscal Year Ending 12-31, 2025 (Form 10-K)

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

OVERVIEW

The following discussion of the financial condition, changes in financial condition and results of operations of the Company for the fiscal years ended December 31, 2025 and 2024 should be read in conjunction with the financial statements of the Company and related notes included therein.

The Company was incorporated on August 31, 1995, as Visioneering Corporation. In 1999, the Company acquired 20/20 Web Design, Inc., a Colorado corporation wholly owned by Crown Partners, Inc. In August 2009, Crown Partners transferred its shares of the Company to Crown Marketing Corporation ("Crown Marketing") in exchange for marketing and public relation services to be provided by Crown Marketing.

The Company continues to search for additional areas in which it can generate revenue so that the Company will become profitable but there can be no guarantee that profitability will be achieved in the near- or long-term.

The Company will attempt to carry out its business plan as discussed below. The Company's business plan is to continue building its network of online publishing sites, as well as continuing to provide consulting and services to its clients on an as-needed basis. These services include general and financial management to private and public companies with an emphasis on their financial reporting and filing requirements. Such services are subject to the needs of its clients and may vary by company. The Company will attempt to carry out its business plan as described above. The Company cannot predict to what extent its lack of liquidity and capital resources will hinder its business plan prior to the consummation of a business combination.

LIQUIDITY AND CAPITAL RESOURCES

Since inception, the Company's most significant change in liquidity or capital resources or stockholders' equity has been receipts of proceeds from offerings of its capital stock. The revenue transactions do not reflect the ability of the Company to fund itself without outside sources in the future. In the past, officers and directors of the Company have provided loans and advances to the Company to fund operations, there are no formal agreements or arrangements for them to continue to do so. As of December 31, 2025, the Company has $1,862 in cash, $410 of marketable securities held in brokerage accounts and $0.00 of long-term debt.

On December 31, 2025, the Company had negative working capital of $314,062, which consisted of current assets of $8,572 and current liabilities of $322,634.

Cash flows used in operating activities during the year ended December 31, 2025 was $34,604 compared to cash flow used of $52,373 for the same period in 2024.

Cash flows provided by and used in investing activities were $0 and $99 for the years ended December 31, 2025 and December 31, 2024 respectively.

Cash flows provided by financing activities was $33,018 for the year ended December 31, 2025 compared to $49,591 for the same period in 2024. The financing activities in 2025 consisted of proceeds from borrowings from related party notes payable and the sale of 11,000 shares of common stock.

As of December 31, 2025, the Company had total assets of $8,572 and total liabilities of $322,634. Stockholders' deficit as of December 31, 2025 was $314,062 compared to a deficit of $321,647 on December 31, 2024. The Company will attempt to carry out its plan of business as discussed above. The Company cannot predict to what extent its lack of liquidity and capital resources will hinder its business plan. The Company will need additional capital to fund that proposed operation.

NEED FOR ADDITIONAL FINANCING

The Company's existing capital may not be sufficient to meet the Company's cash needs, including the costs of compliance with the continuing reporting requirements of the Securities Exchange Act of 1934, as amended.

No commitments to provide additional funds have been made by management or other stockholders. Accordingly, there can be no assurance that any funds will be available to the Company to allow it to cover its expenses.

The Company might seek to compensate providers of services by issuances of stock in lieu of cash.

RESULTS OF OPERATIONS - Comparison of the Year Ended December 31, 2025, to the Year Ended December 31, 2024.

REVENUES

Sales for the year ended December 31, 2025 were $777 compared to $1,443 for the year ended December 31, 2024, a decrease of $666.

OPERATING EXPENSES

During the year ended December 31, 2025, we incurred general operating expenses of $72,608. During the year ended December 31, 2024, we incurred $1,322,249 in operating expenses of which $77,724 were general expenses and $1,244,500 was amortization of warrant discount

OTHER INCOME AND EXPENSES

During the year ended December 31, 2025, we incurred other expenses of $41,633, consisting of interest expense of $19,942, loss on AP conversion and stock issue of $21,691. During the year ended December 31, 2024, we incurred other expenses of $2,396,108, consisting of interest expense of $15,566, loss on debt and AP conversion of $68,480, loss on related party AP conversion of $2,311,977 and Other Income (Expense) of $85.

NET LOSS

The Company had a net loss for the year ended December 31, 2025 of $113,464 compared to a net loss of $3,716,914 for the year ended December 31, 2024, a decrease of $3,603,450 mainly due to the 2024 expenses of amortization of debt discount of 1,244,500 and Loss on related party AP conversion of $2,311,977.