WidFit Inc.

08/10/2026 | Press release | Distributed by Public on 08/10/2026 11:53

Quarterly Report for Quarter Ending June 30, 2026 (Form 10-Q)

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2026

or

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from __________ to __________

Commission file number: 333-263379

WidFit Inc.

(Exact name of registrant as specified in its charter)

Nevada

38-4045138

(State or other jurisdiction of incorporation)

(IRS Employer Identification Number)

Jabotinsky Street 3

Hod Hasharon, Israel 4530803

(Address of principal executive offices) (Zip Code)

(725) 297-0270

Registrant's telephone number, including area code

N/A

(Former name, former address and former fiscal year, if changed since last report)

Securities registered under Section 12(b) of the Exchange Act: None

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of "large accelerated filer," "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act.

Large accelerated filer

☐

Accelerated filer

☐

Non-accelerated filer

☒

Smaller reporting company

☒

Emerging growth company

☒

1

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date.

As of August 1, 2026, there were 7,820,000 shares of common stock, $0.001 par value per share, outstanding.

2

WIDFIT INC. AND SUBSIDIARY

FORM 10-Q

For the Quarterly Period Ended June 30, 2026

TABLE OF CONTENTS

Page

Part I. Financial Information

5

Item 1. Financial Statements

5

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations.

11

Item 3. Quantitative and Qualitative Disclosures About Market Risk.

11

Item 4. Controls and Procedures.

11

Part II. Other Information

12

Item 1. Legal Proceedings.

12

Item 1A. Risk Factors.

12

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.

12

Item 3. Defaults Upon Senior Securities.

12

Item 4. Mine Safety Disclosures.

12

Item 5. Other Information.

12

Item 6. Exhibits.

12

Signatures

13

3

PART I - FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS.

INDEX TO UNAUDITED FINANCIAL STATEMENTS

PAGE

Balance Sheet at June 30, 2026 and December 31, 2025 (Unaudited)

5

Statements of Operations for the three and six month periods ended June 30, 2026 and 2025 (Unaudited)

6

Statement of Stockholders Deficit for the three and six month periods ended June 30, 2026 and 2025 (Unaudited)

7

Statements of Cash Flows for the six month periods ended June 30, 2026 and 2025 (Unaudited)

8

Notes to Financial Statements (Unaudited)

9

4

WIDFIT INC. AND SUBSIDIARY

Condensed Consolidated Balance Sheet

(Unaudited)

June 30,

2026

December 31,

2025

ASSETS

Current assets

Cash and cash equivalents

$

5,260

$

6,568

Other receivable

561

-

Due from related party

-

4,894

Total current assets

5,821

11,462

Goodwill

90,066

90,066

Total Assets

$

95,887

$

101,528

LIABILITIES AND STOCKHOLDER'S EQUITY

Liabilities

Current liabilities:

Accounts payable and accrued liabilities

6,200

2,200

Sales tax payable

1,073

-

Due to related party

6,500

6,500

Total current liabilities

13,773

8,700

Total Liabilities

13,773

8,700

Stockholders' Equity

Common stock: $0.001 par value, 75,000,000 shares authorized,

7,820,000 issued and outstanding

7,820

7,820

Additional paid-in capital

158,180

158,180

Accumulated deficit

(83,886)

(73,172)

Total stockholders' equity

$

82,114

$

92,828

Total liabilities and stockholders' equity

$

95,887

$

101,528

The accompanying notes are an integral part of these condensed consolidated financial statements.

5

WIDFIT INC. AND SUBSIDIARY

Condensed Consolidated Statement of Operations

(Unaudited)

Three months ended

June 30,

Six months ended

June 30,

2026

2025

2026

2025

Revenues

$

12,253

$

-

$

25,192

$

-

Cost of revenue

(899)

-

(3,604)

-

Gross profit

11,354

-

21,588

-

Operating expenses

Management fee - related party

27,389

-

27,389

-

Professional fees

2,000

10,550

4,000

18,575

Taxes

895

-

895

-

General and administrative

9

-

18

-

Total operating expenses

30,293

10,550

32,302

18,575

Net loss

$

(18,939)

$

(10,550)

$

(10,714)

$

(18,575)

Net loss per share - basic and diluted

$

(0.00)

$

(0.00)

$

(0.00)

$

(0.00)

Weighted average shares outstanding - basic and diluted

7,820,000

7,800,000

7,820,000

7,800,000

The accompanying notes are an integral part of these condensed consolidated financial statements.

6

WIDFIT INC. AND SUBSIDIARY

Condensed Consolidated Statement of Stockholders' Equity

(Unaudited)

Common Stock

Shares

Amount

Additional

Paid-in

Capital

Accumulated

Deficit

Total

Stockholders'

Equity

Balance at December 31, 2024

7,800,000

$

7,800

$

58,200

$

(51,708)

$

14,292

Net loss for the period

-

-

-

(8,025)

(8,025)

Balance at March 31, 2025

7,800,000

7,800

58,200

(59,733)

6,267

Net loss for the period

-

-

-

(10,550)

(10,550)

Balance at June 30, 2025

7,800,000

$

7,800

$

58,200

$

(70,283)

$

(4,283)

Balance at December 31, 2025

7,820,000

7,820

158,180

(73,172)

92,828

Net income for the period

-

-

-

8,225

8,225

Balance at March 31, 2026

7,820,000

7,820

158,180

(64,947)

101,053

Net loss for the period

-

-

-

(18,939)

(18,939)

Balance at June 30, 2026

7,820,000

$

7,820

$

158,180

$

(83,886)

$

82,114

The accompanying notes are an integral part of these condensed consolidated financial statements.

7

WIDFIT INC. AND SUBSIDIARY

Condensed Consolidated Statements of Cash Flows

(Unaudited)

Six months ended

June 30,

2026

2025

Cash flows from operating activities:

Net loss

$

(10,714)

$

(18,575)

Adjustments to reconcile net loss to net cash used in operating activities:

Non-cash management compensation

1,007

-

Cost of revenue funded by related party (non-cash)

3,585

-

Sales tax funded by related party (non-cash)

302

-

Changes in operating assets and liabilities:

(Increase) in other receivables

(561)

-

Increase in accounts payable and accrued liabilities

4,000

-

Increase in sales tax payable

1,073

-

Net cash provided by (used in) operating activities

$

(1,308)

$

(18,575)

Cash flows from investing activities:

Net cash provided by investing activities

$

-

$

-

Cash flows from financing activities:

Net cash provided by financing activities

$

-

$

-

Net change in cash

(1,308)

(18,575)

Cash at beginning of period

6,568

22,792

Cash at end of period

$

5,260

$

4,217

The accompanying notes are an integral part of these condensed consolidated financial statements.

8

WIDFIT INC. AND SUBSIDIARY

Notes to Condensed Consolidated Financial Statements

(Unaudited)

NOTE 1 - ORGANIZATION AND BASIS OF PRESENTATION

WidFit Inc. (the "Company") was incorporated in Nevada on December 13, 2021. On December 1, 2025, the Company acquired 100% of the membership interests of Liberty Home Services LLC ("LHS"), a Washington limited liability company providing residential home services. The accompanying unaudited condensed consolidated financial statements include the accounts of the Company and LHS and have been prepared in accordance with U.S. GAAP for interim financial information and Rule 8-03 of Regulation S-X. All intercompany balances and transactions have been eliminated in consolidation. In the opinion of management, all adjustments considered necessary for a fair presentation have been included. Results for interim periods are not necessarily indicative of results for the full year. These statements should be read together with the audited financial statements in the Company's Form 10-K for the year ended December 31, 2025. Other receivable represents amounts collected on the Company's behalf that had not yet been remitted to the Company's operating account at June 30, 2026.

NOTE 2 - GOING CONCERN

The financial statements have been prepared assuming the Company will continue as a going concern. The Company has a net loss of $10,714 for the six months ended June 30, 2026, an accumulated deficit of $83,886 at June 30, 2026, and a working capital deficit. These conditions raise substantial doubt about the Company's ability to continue as a going concern within one year after the date these financial statements are issued. Management's plans include growing LHS operations and obtaining additional financing as needed. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

NOTE 3 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

There have been no material changes to the Company's significant accounting policies from those disclosed in its Form 10-K for the year ended December 31, 2025.

NOTE 4 - ACQUISITION OF LIBERTY HOME SERVICES LLC

On December 1, 2025, the Company acquired 100% of the membership interests of LHS in exchange for 20,000 shares of common stock. The acquisition was accounted for under the acquisition method, resulting in goodwill of $90,066. No triggering events indicating impairment were identified during the six months ended June 30, 2026.

NOTE 5 - RELATED PARTY TRANSACTIONS

Due to related party - S. Wely. As of June 30, 2026 and December 31, 2025, the Company owed Shahira Wely, the Company's sole officer and director, $6,500 for working-capital advances, which are unsecured, non-interest-bearing and due on demand.

Management services - J. McGregor. James McGregor serves as the manager of LHS. Effective May 1, 2026, LHS and Mr. McGregor entered into an independent contractor management services agreement providing for a management fee of $4,000 per month. During the three and six months ended June 30, 2026, the Company recognized management fee expense of $27,389 for Mr. McGregor's management services, as approved by the board of directors, which includes the settlement of a $9,708 advance outstanding at March 31, 2026. Mr. McGregor is the manager of the subsidiary and is not an officer or director of the Company. As of June 30, 2026, no amount was due from or to Mr. McGregor.

NOTE 6 - CONCENTRATIONS

During the three and six months ended June 30, 2026, LHS provided residential home services to customers in Whatcom County, Washington. A limited number of customers accounted for a significant portion of revenue.

9

NOTE 7 - INCOME TAXES

The Company has incurred net operating losses and has recorded a full valuation allowance against its deferred tax assets. No income tax expense or benefit was recognized for the periods presented.

NOTE 8 - SUBSEQUENT EVENTS

Management has evaluated subsequent events through the date these financial statements were issued and determined that no events require recognition or disclosure in these condensed consolidated financial statements.

10

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITIONS AND RESULTS OF OPERATIONS.

Overview. The Company operates through its wholly owned subsidiary, LHS, which provides residential home services in Washington State. LHS was acquired on December 1, 2025; the prior-year interim periods reflect the Company on a stand-alone basis with no operations.

Results of Operations. Revenue was $12,253 for the three months ended June 30, 2026 and $25,192 for the six months, compared to $nil in the prior-year periods, reflecting LHS operations. Cost of revenue was $899 and $3,604, respectively. Net loss was $18,939 for the three months and $10,714 for the six months. The three-month net loss reflects $27,389 of management fee expense to the manager of LHS approved by the board of directors, which is non-recurring in amount and includes settlement of a prior advance; ongoing management compensation is $4,000 per month under an agreement effective May 1, 2026.

Liquidity and Capital Resources. At June 30, 2026, the Company had cash of $5,260 and a working capital deficit of $7,952. The Company expects to fund operations through revenue from LHS and, as needed, advances from its officer and additional financing. There is substantial doubt about the Company's ability to continue as a going concern (see Note 2).

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

As a smaller reporting company, the Company is not required to provide the information required by this Item.

ITEM 4. CONTROLS AND PROCEDURES.

Our principal executive officer and principal financial officer (Shahira Wely) evaluated the effectiveness of our disclosure controls and procedures as of June 30, 2026 and concluded that, as of that date, our disclosure controls and procedures were not effective, consistent with the conclusion in our Annual Report on Form 10-K for the year ended December 31, 2025. There were no changes in our internal control over financial reporting during the quarter ended June 30, 2026 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

11

PART II. OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS.

None.

ITEM 1A. RISK FACTORS

As a smaller reporting company, the Company is not required to provide the information required by this Item. Refer to the risk factors in the Company's Form 10-K for the year ended December 31, 2025.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.

None.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES.

None.

ITEM 4. MINE SAFETY DISCLOSURES.

Not applicable.

ITEM 5. OTHER INFORMATION.

None.

ITEM 6. EXHIBITS.

(a) Exhibits required by Item 601 of Regulation SK.:

Number

Description

31.1

Certification of Principal Executive Officer and Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

32.1

Certification of Principal Executive Officer and Principal Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

101. INS

XBRL Instance Document

101. SCH

XBRL Taxonomy Extension Schema Document

101. CAL

XBRL Taxonomy Calculation Linkbase Document

101. DEF

XBRL Taxonomy Extension Definition Linkbase Document

101. LAB

XBRL Taxonomy Label Linkbase Document

101. PRE

XBRL Taxonomy Presentation Linkbase Document

12

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

WidFit Inc.

Dated: August 10, 2026

/s/ Shahira Wely

Shahira Wely

Chief Executive Officer

(Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer)

13

WidFit Inc. published this content on August 10, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on August 10, 2026 at 17:53 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]