ANKM 10-K & 10-Q changes, risk factors and insider trading

During the years ended November 30, 20242025 and 2023,2024, we have generated total revenue of $104,450$325,000 and $27,173 ,$104,450, respectively. For the year ended November 30, 2024,2025, the revenue was received from the sale of Company’s subscriptions.

Total operating expenses for the years ended November 30, 20242025 were $395,605$242,292 compared to $325,220$395,604 for the year ended November 30, 2023.2024. Our operating expenses consisted of general and administrative costs of $1,115$1,791 (November 30, 20232024 - $390$1,115), director fee of $62,000$0 (November 30, 20232024 - $72,000$62,000), professional fees of $84,448$61,903 (November 30, 20232024 - $48,656$84,448), server expense of $172,367$125,916 (November 30, 20232024 - $179,230$172,367),software development expense of $26,640$0 (November 30, 20232024 – nil$26,640) and amortization of $49,034$52,682 (November 30, 20232024 - $24,944$49,034). Expenses increaseddecreased in the year ended November 30, 20242025 primarily due to the reduction in director fees,server expenses, professional fees and software development expense and professional expenses. Software development expense in 2024 consists of API development expense and Website development expense, which are $16,440 and $10,200, respectively. Professional expense in 2024 mainly consists of audit fee and professional advisory fee, with amount of $35,500 and $48,748, respectively.expense.

The total income for the years ended November 30, 30,2025 and 2024 and 2023 was $154,308$40 and $18,890,$154,308, respectively. TheIn 2025, other income includedconsisted theof interest income of $31 and exchange gain of $9. In 2024, other income consisted entirely of a gain on saledebt forgiveness of assets related to debt forgiveness.$154,308.

As of November 30, 2024,2025, our total assets were $178,708,$183,552, which comprised of cash of $57,$131,710, amountand duecapitalized fromsoftware directorcosts, net of $74,128 and total other assets of $104,523.$51,842. Our total liabilities were $502,817,$574,813, which comprised comprisedaccounts payable and accrued expenses of account payable of $2,000, Accruals,$127,395 and other current liabilities of $1,479, amount due to director of $499,338.$447,418.

As of November 30, 2023,2024, our total assets were $108,323,$178,708, which comprised of cash of $286,$57, accountsamount receivabledue from director of $21,390,$74,128 prepaid expenses of $15,847, right-of-use asset of $48,643 and capitalized software costscosts, net of $22,157.$104,523. Our total liabilities were $433,626,$502,817, which comprised of advances from our director of $292,026, deferred revenue of $12,700, lease liability of $44,900 and accounts payable and accrued expenses of $84,000.$3,479 and amount due to director of $499,338.

Stockholders’ deficit has decreasedincreased from $324,109 $325,303as of November 30, 2024 to $391,261 as of November 30, 2023 to $324,109 as of November 30, 2024,2025, which was mainly due to the increase of common stock and additional paid in capital with amounts of $230 and $137,810, respectively, and the current periodnet loss of $136,846.$67,152 incurred during the current period.

The Company hashad an accumulated a deficit of $497,739$564,891 as of November 30, 2024,2025, compared to $360,893$497,739 as of November 30, 2023,2024, and further losses are anticipated in the development of its business.

During the year ended November 30, 2024,2025, the Company Company usedprovided $2,013$109,446 of cash in operating activitiesactivities. This was primarily due to itsthe net loss of $136,846,$67,152, increasewhich inwas adjusted by non-cash amortization expense of $104,574,$52,682, and a significant increase in accounts receivable of $21,390, increase in prepaid expenses of $15,848, increase in right-of-use asset/liability, net of $86,242, decrease in accounts payable of $80521 and decreaseaccrued in deferred revenueexpenses of $12,700.$123,916.

Net cash flows provided by (used in) investing activities for the year ended November 30, 20242025 were -$131,400$0, dueas tothere thewere no proceeds from the sale of assets.assets or other investing activities.

Net cash flows provided by (used in) financing activities for the year ended November 30, 2024,2025, were $133,184$22,207, which were due to proceeds from thenet related party loan.activity.

Total operating expenses for the three months ended ended FebruaryMay 28,31, 2026 were $203,220$98,357 compared to $45,581$46,313 for the three months ended FebruaryMay 28,31, 2025. Our operating expenses consisted of general general and administrative costs of nil$6,047 (FebruaryMay 28,31, 2025 nil- $1,663), director feefees of 8,571$45,000 (FebruaryMay 28,31, 2025 nil- $0), professional fees of $2,710 $150,000(May (February 28,31, 2025 - $932$0), server expense of $31,479 (FebruaryMay 28,31, 2025 - $31,479) and amortization of $13,170$13,121 (FebruaryMay 28, 31, 2025 - $13,170$13,171). Expenses increased in the three months ended FebruaryMay 28,31, 2026 primarily due to the recognition of director fees and professional fees includedwhich corporatewere nil advisoryin servicesthe withcomparative respect to corporate restructuring matters provided to Topx Consultancy Limited,quarter, as well as thehigher annualgeneral audit fee and Edgaradministrative agent fee.expenses.

Net Lossesprofit and Loss

The net loss for the three months ended FebruaryMay 31, 28, 2026, was $203,118,$53,474, compared to $10,581the net profit of $55,687 for the three months ended FebruaryMay 28,31, 2025, primarily due to the factorsdecrease discussedin above.revenue and increase in operating expenses.

As of FebruaryMay 28,31, 2026, our total assets were $40,465$31,880 and comprised of cash of $1,794 and capitalized software costs of $38,671. Our total liabilities were $634,844 and comprised of advances from our director of $475,970 and accounts payable and accrued expenses of $158,874 As of November 30, 2025, our total assets were $183,552, which comprised of cash of $131,710,$6,330 and capitalized software costs, net of $51,842.$25,550. Our total liabilities were $574,813,$679,733 whichand comprised of accounts payable and accrued expenses of $190,353 and amount due to director of $447,418, and accounts payable and accrued expenses of $127,395.$489,380.

Stockholders’ deficit has increased from $391,261 $391,261 as of November 30, 2025 to $594,379$647,853 as of FebruaryMay 28,31, 2026.

The Company has accumulated a deficit of $768,009$821,483 as of FebruaryMay 28,31, 2026, compared to $564,891 as of November 30, 2025,2025. The Company recorded a net loss for the six months period ended May 31, 2026, which expanded its accumulated deficit, and furtheradditional losses aremay anticipatedoccur inas theit development ofadvances its business.business development.

As of FebruaryMay 28,31, 2025,2026, we did not have any off-balance sheet arrangements that have or are reasonably likely to have a material current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources.