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

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

The following discussion and analysis of our financial condition and results of operations should be read in conjunction with our audited financial statements and the related notes included elsewhere in this quarterly report. This discussion contains forward-looking statements that involve risks and uncertainties. Our actual results may differ materially from those anticipated in these forward-looking statements. You should carefully review the "Risk Factors" section beginning on page 13 for a discussion of important factors that could cause our actual results to differ materially from those anticipated in the forward-looking statements.

Forward-Looking Statements

These forward-looking statements speak only as of the date of this quarterly report. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, or achievements. Except as required by applicable law, including the securities laws of the United States, we expressly disclaim any obligation or undertaking to disseminate any update or revisions of any of the forward-looking statements to reflect any change in our expectations with regard thereto or to conform these statements to actual results.

Emerging Growth Company

We qualify as an "emerging growth company" under the JOBS Act. As a result, we are permitted to, and intend to, rely on exemptions from certain disclosure requirements. We can delay the adoption of such accounting standards until those standards would otherwise apply to private companies until we are either no longer an "emerging growth company" or we affirmatively and irrevocably opt out of the extended transition period. As a result of our election to rely on the extended transition period, our financial statements may not be comparable to the financial statements of other public companies. During this extended transition period we will disclose the date on which adoption is required for non-emerging growth companies and the date on which we will adopt the recently issued accounting standard.

We will remain an "emerging growth company" for up to five years, or until the earliest of (i) the last day of the first fiscal year in which our total annual gross revenues exceed $1 billion, (ii) the date that we become a "large accelerated filer" as defined in Rule 12b-2 under the Securities Exchange Act of 1934, which would occur if the market value of our ordinary shares that is held by non-affiliates exceeds $700 million as of the last business day of our most recently completed second fiscal quarter or (iii) the date on which we have issued more than $1 billion in non-convertible debt during the preceding three year period. However, even if we no longer qualify for the exemptions for an emerging growth company, we may still be, in certain circumstances, subject to scaled disclosure requirements as a smaller reporting company.

Overview

Our company was incorporated under the laws of the State of Nevada on August 12, 2025. We develop and operate Logoom.io, a cloud-based SaaS platform that enables organizations to collect, store, monitor, and analyze system log data. We are in the early stages of commercial operations and have generated only nominal revenue to date.

Results of Operations

For the Three and Nine Month Periods ended September 30, 2026

The following table summarizes our operating results for the three and nine month periods ended September 30, 2026:

Revenue and Cost of Sales

During the three and nine month periods ended September 30, 2026, we generated revenues of $1,814 and $4,862 with costs of sales of $89 and $241 resulting in gross margins of $1,725 and $4,621. We generated revenues primarily from the sale of our cloud-based platform that enables organizations to collect, store, and analyze system log data.

Operating Expenses

During the three and nine month periods ended September 30, 2026, we incurred expenses of $9,236 and $25,945 entirely consisting of general and administrative expenses. Our general and administrative expenses primarily consisted of legal and accounting fees, and product development. Initially, a significant portion of our expenses were attributed to one-time legal fees for the preparation of contracts and fees related to the preparation of the registration statement for the public offering of the shares of our common stock.

For the period from August 12, 2025 (inception) through December 31, 2025

The following table summarizes our operating results for the period from August 12, 2025 (date of inception) to December 31, 2025:

Revenue and Cost of Sales

During the period from August 12, 2025 (date of inception) to December 31, 2025, we generated revenues of $599 with cost of sales of $46 resulting in gross margin of $553. We generated revenues primarily from the sale of our cloud-based platform that enables organizations to collect, store, and analyze system log data.

Operating Expenses

During the period from August 12, 2025 (date of inception) to December 31, 2025, we incurred expenses of $9,811 entirely consisting of general and administrative expenses. Our general and administrative expenses primarily consisted of legal and accounting fees, and product development. Initially, a significant portion of our expenses were attributed to one-time legal fees for the preparation of contracts and fees related to the preparation of the registration statement for the public offering of the shares of our common stock.

Management anticipates that operating expenses will increase in future periods as we expand marketing efforts and invest in product development.

Because we only recently commenced business operations, management does not believe past performance is indicative of future performance.

Liquidity and Capital Resources

As at September 30, 2026, we had cash of $ 16,634 and working capital of $358. As at December 31, 2025, we had cash of $3,523 and working capital of $1,310. We have incurred operating losses since inception, and this is likely to continue in the foreseeable future.

We require additional capital to fund product development, marketing, and operations. Management projects that we will need approximately $120,000 to fund our operating expenditures for the next twelve-month period, allocated as follows:

We currently do not have committed sources of additional financing beyond this offering and possible loans from our director. The issuance of additional equity securities may result in significant dilution to our stockholders. There is no assurance that additional financing will be available on commercially reasonable terms, or at all. If we are unable to obtain sufficient financing, we may be forced to scale back or cease operations.

Going Concern

As shown in the accompanying financial statements, we have an accumulated deficit of $30,238 since inception, and a working capital of $1,310 as at December 31, 2025 and working capital of $358 as at September 30, 2026. These conditions among others raise substantial doubt as to our ability to continue as a going concern. In response to these conditions, we intend to raise capital through this offering. The financial statements do not include any adjustments that might be necessary if we are unable to continue as a going concern.

Off-Balance Sheet Arrangements

We have no off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, results of operations, liquidity, capital expenditures or capital resources that is material to investors.

Critical Accounting Policies

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Revenue Recognition

Our company derives revenue from the sale of our cloud-based platform that enables organizations to collect, store, and analyze system log data. In accordance with ASC 606 Revenue from Contracts with Customers revenue is recognized when persuasive evidence of an arrangement exists, delivery has occurred, the amount is fixed and determinable, and collectability is reasonably assured.

Recent Accounting Pronouncements

In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. The amendments in this ASU require disclosures, on an annual and interim basis, of significant segment expenses that are regularly provided to the chief operating decision maker ("CODM"), as well as the aggregate amount of other segment items included in the reported measure of segment profit or loss. This ASU requires that a public entity disclose the title and position of the CODM and an explanation of how the CODM uses the reported measure(s) of segment profit or loss in assessing segment performance and deciding how to allocate resources. This ASU is effective for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years, with early adoption permitted. The amendments in this ASU should be applied retrospectively to all prior periods presented in the financial statements. The Company adopted the ASU and determined that its adoption did not have a material impact on the Company's condensed financial statements and related disclosures. As defined in the ASU, operating segments are components of an enterprise about which discrete financial information is regularly provided to the CODM in making decisions on how to allocate resources and assess performance for the organization. The Company operates and manages its business as one reportable and operating segment. The Company's CODM is the Chief Executive Officer. The Company's CODM reviews condensed operating results to make decisions about allocating resources and assessing performance for the entire Company.

In December 2025, the FASB issued ASU 2025-11, Interim Reporting (Topic 270): Narrow-Scope Improvements. This update clarifies the requirements for interim financial statements and introduces a disclosure principle that requires entities to disclose significant events or changes occurring since the end of the most recent annual reporting period that have a material effect. The standard also provides a centralized list of all interim disclosure requirements to improve navigability. For the Company, this standard is effective for interim periods within fiscal years beginning after December 15, 2027, with early adoption permitted. The Company is currently evaluating the impact of this update, but does not expect the adoption to have a material impact on its financial position or results of operations.

In December 2025, the FASB issued ASU 2025-12, Codification Improvements, which provides technical corrections, clarifications, and minor improvements across a variety of Topics in the Accounting Standards Codification. Key clarifications include the calculation of diluted earnings per share in loss periods and the accounting for treasury stock retirements. These amendments are effective for the Company for annual reporting periods beginning after December 15, 2026. The Company may early adopt the amendments on an issue-by-issue basis. We do not anticipate that the adoption of this ASU will significantly affect our current accounting practices or financial statement disclosures.

Company management does not believe that any recently issued, but not yet effective accounting pronouncements, if adopted, would have a material effect on the accompanying financial statements.