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

Fast Casual was incorporated to develop, build, operate and franchise casual eating establishments. All restaurant development, building, operations and franchising operations were discontinued by the end of 2024. Fast Casual acquired CK Distribution (“CK”) in November 2024 to pursue production, market and sale of specialty drink mixes. During June 2025, Fast Casual and the former owner of CK agreed to terminate the acquisition agreement. As such, all balances and activity related to the CK specialty drink mix business have been shown as discontinued operations for the threesix months months ended MarchJune 31,30, 2025. On September 23, 2025, the Company incorporated GDS Lumina, Inc. (“GDS”) under the laws of the state state of Wyoming to pursue digital marketing, our current operations.

At MarchJune 31,30, 2026, we had $15,903$10,681 in total assets, all current, $37,195$41,367 in current liabilities and a $2,049,155$2,058,549 accumulated deficit. Our current liquidity resources are not sufficient to fund the anticipated level of operations for at least the next 12 months from the date these consolidated financial statements were issued. As a result, there is substantial doubt regarding the Company’s ability to continue as a going concern.

For the Three Months Ended MarchJune 31,30, 2026 and 2025

We recognized $27,900 and $0$18,500 in revenues during the three months ended MarchJune 31,30, 2026 and 2025, respectively, from providing digital marketing services.

Operating expenses were $28,798$36,225 during the three months ended MarchJune 31,30, 2026, compared to $9,659$11,765 during the three months ended MarchJune 31,30, 2025. Operating expenses consisted of $17,831$17,876 and $0$4,400 in operating expenses such as contract labor related to the delivery of digital marketing services, $8,569$16,129 and $9,589$3,148 in professional fees and $2,220 and $2,398 and $70$4,217 in general and administrative expenses during the three months ended MarchJune 31,30, 2026 and 2025, respectively. Increases in contractoperating laborexpenses and generalprofessional and administrative expensesfees are mainly related to the Company’s discontinuation of the specialty beverage distribution business and entry into the digital marketing business during the second quarter of 2025.

Total other expenses wereconsisted $1,059of $1,069 and $2,127 of interest expenses expenseand during the$0 threeand months$7,999 endedin Marchlosses 31,from 2026.disposal Thereof were no other expensessubsidiary during the three months ended MarchJune 31,30, 2025.2026 and 2025, respectively.

As a result of the above, we recognized net loss of $1,957$9,394 and $9,659$3,391 for the three months ended MarchJune 31,30, 2026 and 2025, respectively.

Net loss from discontinued operations related to the specialty beverage distribution business totaled $0 and $27,302$33,637 for the three months ended MarchJune 31,30, 2026 and 2025, respectively.

As a result of the above, we recognized net losses of $1,957$9,394 and $36,961$37,028 for the three months ended MarchJune 31,30, 2026 and 2025, respectively.

Total assets were $15,903$10,681 and $10,127 at MarchJune 31,30, 2026 and December 31, 2025, respectively, all current. Current assets consisted of $9,653$6,306 in cash and $6,250$4,375 in prepaid assets. Current assets as of December 31, 2025 totaled $10,127, consisting of $202 in cash, $9,300 in accounts receivable and prepaid assets of $625.

Total liabilities were $172,679$176,851 and $164,946 at MarchJune 31,30, 2026 2026 and December 31, 2025, respectively. Total liabilities consistsconsist of current liabilities of $37,195$29,367 and $50,462 and non-current liabilities of $135,484$147,484 and $114,484 at MarchJune 31,30, 2026 and December 31, 2025, respectively.

Current liabilities totaled $37,195$26,367 and $50,462 as of as of MarchJune 31,30, 2026 and December 31, 2025, respectively. Current liabilities consisted of accounts payable and accrued expenses totaling $17,714$9,886 and $30,981, respectively, and notes payable to related parties totaling $19,481 and $19,481, respectively.

Non-current liabilities totaled $114,484$147,484 and $114,484 as of as of MarchJune 31,30, 2026 and December 31, 2025, respectively. Non-current liabilities consisted of a notes payable of $114,484 and $114,400, respectively, and notes payable to related parties totaling $21,000$33,000 and $0, respectively.

During the threesix months ended MarchJune 31,30, 2026, our operating activities activities used net cash of $11,549.$26,896. Uses of cash during the threesix months ended MarchJune 31,30, 2026 are mainly due to a $13,267$21,095 decrease in accounts payable and accrued expenses, a $5,625$3,750 increase in prepaid assets and the $1,957$13,351 in net loss, partially offset by a $9,300 decrease in accounts payable. receivable.

During the threesix months ended MarchJune 31,30, 2025, our operating activities activities used net cash of $29,095.$62,285. Uses of cash during the threesix months ended MarchJune 31,30, 2025 are mainly due to the $36,961$73,989 net loss as well as a $7,500 $3,880 increase in prepaid assets.assets and $18,500 increase in accounts receivable. Uses are partially offset by a $9,403$14,458 increase in accounts payable and accrued expenses and net changes of $5,963$11,627 in discontinued lease assets and liabilities.

During the threesix months ended MarchJune 31,30, 2026 and 2025, we received received $21,000$33,000 and $29,000$56,481 from notes payable from related parties,parties and $0 and $6,000 in cash from the sale of common stock, respectively.

At MarchJune 31,30, 2026 and December 31, 2025, we had a working capital capital deficit of $21,292$18,686 and $40,335, respectively.

We had no off-balance sheet arrangements of any kind for the threesix months ended MarchJune 31,30, 2026 or 2025.

We recognize revenue in accordance with the provisions of Financial Accounting Standards Board (“FASB”) Accounting Series Codification (“ASC”) 606, Revenue From Contracts With Customers (“ASC 606”), which provides guidance on the recognition, presentation, and disclosure of revenue in financial statements. ASC 606 outlines the basic criteria that must be met to recognize revenue and provides guidance for disclosure related to revenue recognition policies. Accordingly, we recognize revenue based on the allocation of the transaction price to each performance obligation obligation as each performance obligation in a contract is satisfied. We generated revenue from continuing operations from the sale of digital marketing services during the threesix months endedMarchended 31,June 30, 2026.