Quarterly Report for Quarter Ending August 31, 2026 (Form 10-Q)

Management's Discussion and Analysis of Financial Condition and Results of Operations

Business Overview

We are an emerging technology company incorporated under the laws of the state of Wyoming on April 15, 2022. We provide cloud rendering services, operating an advanced platform designed for 3D interior designers and visualization professionals. The platform leverages graphics processing units ("GPUs") to support rendering workflows and improve processing efficiency. Our website is located at https://global-smart.tech.

Plan of Operations

The Company's business model centers on cloud rendering services. The Company intends to support future revenue growth by increasing available rendering capacity, enhancing its platform's functionality, and continuing to market its services to 3D interior designers, visualization professionals, and other potential users. As customer demand and platform utilization increase, the Company expects to generate additional revenue from the sale of rendering capacity. However, the Company's ability to achieve sustained revenue growth and profitability will depend on customer adoption, operating costs, access to sufficient computing resources, and the availability of additional financing, if required.

Monetization Strategy

We generate revenue primarily through the sale of pricing plans for our cloud rendering services, which are provided through our online platform. Clients initiate a project request by contacting our team via the "Contacts" section of our website (https://global-smart.tech/contacts/). Following this initial contact, clients are required to submit a link to their project files stored in a cloud-based storage service.

Once the files are received, our specialists conduct a comprehensive evaluation of the project. This includes analyzing the file contents, assessing data volume, scene complexity, and necessary rendering parameters. Based on this assessment, we recommend the most suitable pricing plan that aligns with the project's technical requirements and the client's needs.

Our pricing plans vary based on the number of video cards (10, 25, or 40 GPUs) allocated to the rendering

process, as well as the estimated rendering time, which starts at a minimum of 5 hours. Upon acceptance of the quote, the client proceeds with payment. Following receipt of payment in full, the rendering process commences. The completed project is then delivered to the client via the email address provided in their initial request.

This consultative and tailored workflow enables us to efficiently allocate computing resources and deliver high-quality output while ensuring transparency in pricing and service terms.

Our primary target customers include 3D interior designers and visualizers in the design industry. We aim to offer a range of flexible and competitive pricing options to attract clients and maximize revenue potential. This revenue stream is a key driver of our financial growth and sustainability in the foreseeable future.

Marketing

During the three months ended August 31, 2026, the Company incurred $5,460 in advertising and marketing costs. The Company intends to continue evaluating online marketing channels based on their cost, effectiveness and ability to generate customer demand.

Government Regulation

The Company will be required to comply with all regulations, rules, and directives of governmental authorities including the US Securities and Exchange Commission and agencies applicable to our business in any jurisdiction with which we would conduct activities. The Company does not believe that governmental regulations will have a material impact on the way we conduct our business.

As our business expands to include new uses or collection of data that are subject to privacy or security regulations, our compliance requirements and costs will increase, and we may be subject to increased regulatory scrutiny.

Employees

Global-Smart.Tech Inc. is a company with only one employee, Yehor Rodin, our President, CEO, Treasurer, Secretary, Director. We also have independent directors, Genismarlon Da Silva Nunes and Leonel Agustin Peleriti, who are not considered employees. The Company may consider hiring more employees if the need arises.

Offices

The Company's principal executive and administrative office is located at Kava b.b., 85320 Tivat, Montenegro. The equipment supporting the Company's cloud-rendering operations is located separately at b.b Dajbabe, Podgorica 81000, Montenegro. This location houses the Company's rendering equipment, including the GPUs and related hardware used to provide cloud-rendering services. Our telephone number is +12052165924.

Overview

The following discussion of our financial condition and results of operations should be read in conjunction with our audited financial statements as of May 31, 2026.

Results of Operations for the Three Months Ended August 31, 2026 and 2025

Revenue

For the three months ended August 31, 2026 and 2025, we generated total revenue of $27,482 and $14,803, respectively.

The increase in revenue in the current year was due to the general overall growth of the Company.

Operating Expenses

Total operating expenses for three months ended August 31, 2026 were $43,454. The operating expenses included general and administrative expenses $13,245, amortization expense of $18,549 and professional fees of $11,660.

Total operating expenses for three months ended August 31, 2025 were $61,479. The operating expenses included general and administrative expenses $11,840, amortization expense of $18,549 and professional fees of $31,090.

Total expenses decreased by $18,025, mostly explained by a decrease of $19,430 in professional fees due to the Company incurring one-time fees for DTC advisory costs in the prior year and no similar costs incurred in the current year.

Net Loss

Net loss for three months ended August 31, 2026 was $15,972.

Net loss for three months ended August 31, 2025 was $46,676.

Liquidity and Capital Resources

As of August 31, 2026, our current assets were $43,308, we incurred operating losses of $15,972, accumulated a deficit of $390,345, and continue to use cash in operations. These factors raise substantial doubt about our ability to continue as a going concern. In the opinion of our management, additional funding is required to meet our development goals for the next twelve months. While there are currently no guarantees, we expect to be able to generate revenue primarily through the sale of pricing plans for our cloud rendering services.

We will require additional funds to implement our plans. These funds may be raised through equity financing, debt financing, or other sources, which may result in the dilution in the equity ownership of our shares. We will also need more funds if the operations of our cloud rendering platform cost more than we have budgeted and we will rely on related party loans, as needed. Our future depends upon our ability to obtain further financing, the successful operations of business, a successful marketing and promotion program, attraction, and, further in the future, achieving a profitable level of operations.

Operational Cash Flows

We had operating cash outflows of $7,678 for the three months ended August 31, 2026 and $23,945 for the three months ended August 31, 2025. The primary allocation of cash has been directed towards general working capital needs, reflecting the ongoing operational requirements of the business.

Investing Cash Flows

Our Company made no net investments during the three-month periods ending ended August 31, 2026 and August 31, 2025.

Financing Cash Flows

Net cash provided by financing activities during the three months ended August 31, 2026 and 2025 was $8,050 and $11,513, respectively. During the three months ended August 31, 2026, Mr. Rodin advanced $8,050 to pay for Company expenses compared to $4,310 during the three months ended August 31, 2025. During the three months ended August 31, 2026, we did not receive any proceeds from the sale of common stock, compared to $7,203 received during the three months ended August 31, 2025.