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

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

Overview

Palisades Venture, Inc., is a datacenter and computer storage company based in the US. The Company was formed in 2021 primarily to absorb the assets of Landmark PMG LLC (d/b/a 4Service Cloud Tech) - one of the subsidiaries of CorpTech Holding Inc., for 25,000,000 shares of our restricted common stock and $300,000, through an Asset Purchase Agreement, dated July 27, 2021.

The Company is engaged in the cloud computing segment of the technology sector as well as IT business continuity, disaster recovery and Cyber Security.

In the past 10 years, 4Service Cloud Tech and Riteman, have provided corporate clients with an array of managed technology services in data protection, cyber security and business continuation with real time disaster recovery solutions.

Since 2011, the company implemented secured cloud computing solutions and today 4Service is considered to have a sophisticated cloud infrastructure built on state of the art technology and based on existing top manufacturers and providers of hardware and software solutions, such as Cisco, Checkpoint, Dell, HP, EMC2, VMWare and Microsoft.

4Service is a business continuity solutions provider that specializes in cloud computing and disaster recovery services. 4Service offer a 3-Tier approach to our disaster recovery strategy and our private managed cloud computing offering is comprised of the best-in-class of industry leading equipment and software solutions. Utilizing the newest desktop and server virtualization technologies, our cloud computing solution allows any organization, regardless of size, to gain a world-class infrastructure and dramatically cut its IT costs across the board.

Riteman is a managed services provider specializing in high-end technical and professional services with a focus on infrastructure virtualization. IT@Once offers a full array of IT solutions and has a proven track record in deploying, implementing, and managing on-premise and cloud virtualized environments.

Results of Operations for the three Months Ended September 30, 2026 as compared to the three Months Ended September 30, 2025

Revenue

Revenue for the three months ended September 30, 2026, was $48,243 compared to $49,216 for the three months ended September 30, 2025.

Cost of sales

Cost of sales for the three months ended September 30, 2026, was $7,711 compared to $7,500 for the three months ended September 30, 2025.

Operating expenses

Operating expenses were $54,879 for the three months ended September 30, 2026, compared to $68,514 for the three months ended September 30, 2025, a reduction of $13,635. The decrease was mainly due to lower overheads at the head office level.

Interest expense

For the three months ended September 30, 2026, and 2025, we had interest expense of $8,460 and $8,280 respectively.

Net Income

Net loss for the three months ended September 30, 2026, was $(22,807) compared to a net loss of $(35,078) for the three months ended September 30, 2025. The lower net loss is due to lower overhead costs.

Results of Operations for the Nine Months Ended September 30, 2026 as Compared to the Nine Months Ended September 30, 2025

Revenue

Revenue for the nine months ended September 30, 2026, was $154,931 compared to $150,291 for the nine months ended September 30, 2025.

Cost of sales

Cost of sales for the nine months ended September 30, 2026, was $23,941 compared to $23,460 for the nine months ended September 30, 2025.

Operating expenses

Operating expenses were $167,200 for the nine months ended September 30, 2026, compared to $182,019 for the nine months ended September 30, 2025.The reduction in operating expense of $14,819 was primarily due to lower head office overheads.

Interest expense

For the nine months ended September 30, 2026 and 2025, we had interest expense of $25,288 and $24,840 respectively.

Net Income

Net loss for the nine months ended September 30, 2026, was $(61,498) compared to a net loss of $(80,028) for the nine months ended September 30, 2025. The reduction in the loss for the period is primarily due to a reduction in head office costs during the period.

LIQUIDITY AND CAPITAL RESOURCES

The accompanying unaudited financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates continuity of operations, realization of assets, and liquidation of liabilities in the normal course of business. As shown in the accompanying unaudited financial statements, the Company has an accumulated deficit of $(583,593) as of September 30, 2026. For the nine months ended September 30, 2026, the Company had a net loss of $(61,498) and $(80,028) for the nine months ended September 30, 2025. We used cash of $(37,440) in operating activities. Due to these conditions, it raises substantial doubt about the Company's ability to continue as a going concern.

Net cash used in operating activities was $(37,440) during the nine months ended September 30, 2026, compared to net cash used of $(55,148) in the nine months ended September 30, 2025.

Net cash provided in financing activities was $36,679 for the nine months ended September 30, 2026, and cash provided of $57,793 for the nine months ended September 30, 2025.

Over the next twelve months, we expect our principal source of liquidity will be raised from the sale of stock, a private placement offering or from an institutional lender.

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.

Critical Accounting Policies

We have identified the policies outlined below as critical to our business operations and an understanding of our results of operations. The list is not intended to be a comprehensive list of all our accounting policies. In many cases, the accounting treatment of a particular transaction is specifically dictated by accounting principles generally accepted in the United States, with no need for management's judgment in their application. The impact and any associated risks related to these policies on our business operations is discussed throughout management's Discussion and Analysis or Plan of Operation where such policies affect our reported and expected financial results. Note that our preparation of the financial statements requires us to make estimates and assumptions that affect the reported amount of assets and liabilities, disclosure of contingent assets and liabilities at the date of our financial statements, and the reported amounts of revenue and expenses during the reporting period. There can be no assurance that actual results will not differ from those estimates.