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

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Sharx DK ApS (“Sharx”) had zero retail customers for the year ending June 30, 20252026 and zero for the year ending June 30, 2024. The manufacturer of the products that Sharx sells has had no product available for Sharx to sell due to COVID and supply chain interruption.2025.

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LIQUIDITY AND CAPITAL RESOURCES. As of June 30, 2025,2026, the Company had $39,259 of cash and cash equivalents and working capital deficit of $3,886 compared to June 30, 2025 the Company had $57,225 of cash and cash equivalents and working capital deficit of $91,958 compared to June 30, 2024 the Company had $94,482 of cash and cash equivalents and working capital deficit of $110,622 The change in cash is primarily due to the ANV’S payment of debt and normal operations. The decrease in the working capital deficit is primarily related to the repayment of debt and offset by an increasedecrease in taxes payable.

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Rental revenue is derived from the Commercial Property lease in which quarterly payments are received pursuant to the property lease which is in effect until 2026.2027; The initial term of the lease expired in February 2026 and the lease automatically extends for 6-month periods. The lease expires in 2027. We recognize revenue when we have satisfied a performance obligation by transferring control over a product or delivering a service to a client. We measure revenue based upon the consideration set forth in an arrangement or contract with a client. We recognize revenue from these services when the services are completed. If we are paid in advance for these services, we record such payment as a contract liability until we complete the services. As of June 30, 2025,2026, the Company recorded $3,281$3,189 of contract liabilities in connection to rental revenues.

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Net cash provided by operating activities for 20252026 and 20242025 was $40,415$51,378 and $45,117$40,415 respectively. The increase was primarily due to expensesthe paiddecrease onin behalftaxes of a related party.payable.

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OTHER INCOME (EXPENSE). Other income (expense) was $15 in 2026 compared to $353 in 2025 compared to $296 in 2024 and mainly attributable to interestcurrency on cash.fluctuations. Interest expense was $0 for 20252026 due to the Company having paid off its bank note.

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REVENUES: Revenues from operations for the three-month period ending DecemberMarch 31, 2026 and March 31, 2025 and December 31, 2024 were $11,724$12,011 and $13,256$10,585 respectively, and for the six-monthnine-month period ending DecemberMarch 31, 2026 and March 31, 2025 and December 31, 2024 were $23,505$35,516 and $24,141$34,726 respectively. The increases are attributable to lease revenues and currency fluctuations. The following table summarizes the Company’s revenue allocations:

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GENERAL AND ADMINISTRATIVE EXPENSES: G&A expenses for the three-month period ending DecemberMarch 31, 2026 and March 31, 2025 and December 31, 2024 were $2,051$1,455 and $1,512$1,482 respectively, and for the six-monthnine-month period ending DecemberMarch 31, 2026 and March 31, 2025 and December 31, 2024 were $ 3,345$4,800 and $3,552$5,034 respectively. The expenses are mainly attributable to ANV’s normal operations and the Company’s SEC compliance.

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PROFESSIONAL EXPENSES: Professional expenses for the three-month period ending DecemberMarch 31, 2026 and March 31, 2025 and December 31, 2024 were $4,500 and $4,000 respectively, and for the six-monthnine-month period ending DecemberMarch 31, 2026 and March 31, 2025 and December 31, 2024 were $15,960$20,460 and $15,019$19,019 respectively. The expenses were attributable to auditthe ordinary auditing fees for 20252026 and 2024.2025.

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OTHER INCOME (EXPENSES): Other income (expenses) for the three-month period ending DecemberMarch 31, 2026 and March 31, 2025 and December 31, 2024 were $0$0, and $352$(3) respectively, and for the six-monthnine-month period ending DecemberMarch 31, 2026 and March 31, 2025 and December 31, 2024 were $0 and $352$349 respectively. The fluctuations are mainly attributable to taxcurrency benefitsfluctuations and interestbank expenses.interest.

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LIQUIDITY AND CAPITAL RESOURCES: At DecemberMarch 31, 20252026 and June 30, 2025, the Company had cash and cash equivalents of $33,958$34,626 and $57,225 respectively. At DecemberMarch 31, 20252026 and June 30, 2025, the Company had a working capital deficit of $(218,931)$220,447 and $91,958 respectively. The change in cash is primarily due to AVN’scurrency payment of debt and normal operations.translation. The increase in the working capital deficit is primarily related to the operations.debt that is current and advances from a Related Party.

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NET INCOME (LOSS): Net income attributed to common stockholders was $2,649$3,453 or $0.00 per basic and diluted share for the three-month period ending DecemberMarch 31, 20252026 as compared to $5,152$2,818 or $0.00 per basic and diluted share for DecemberMarch 31, 2024.2025. Net income (loss) attributed to common stockholders was $(796)$2,657 or $0.00 per basic and diluted share for the six-monthnine-month period ending DecemberMarch 31, 20252026 as compared to $677$3,495 or $0.00 per basic and diluted share for DecemberMarch 31, 2024.2025. The fluctuations are mainly attributable to lease revenues.