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

The following summary of our results of operations should be read in conjunction with our financial statements for the yearsyear ended April 30, 2024,2026 and 2023,2025, which are included herein.

OurWe workinghad capitalrevenues deficitof on$5,512,066 from operations during the year ended April 30, 2025, was $5,536,9662026, as compared to working capital deficit$4,744,856 of $2,065,233revenues asduring ofthe year ended April 30, 2024.2025. The increase in workingrevenue capital deficiency wasis attributed to an increase in promissorythe noteavailability payable,of stockinventory payableduring andthe accruedyear interest.ended April 30, 2026

Net cash used in operating activities was $1,043,037$1,410,464 for the year ended April 30, 2025,2026, compared with $1,043,037 net cash used in operating activities of $1,381,751 during the priorsame year.period in 2025.

During the year ended April 30, 2025, we used $67,874 for purchase of property and equipment and proceed from disposal of vehicle $37,662. During the year ended April 30, 2024, we used $59,503 for purchase of intangible assets.

DuringCash flows from financing activities during the year ended April 30, 2024,2026, wewere receivedderived from proceeds from issuance of promissory notes oftotaling $1,178,500 and proceeds for issuance of Series C preferred shares of $615,000,$1,334,500 offset by repayments for finance leases of $51,447 and repayment of promissory notes of $286,880.$141,916 and repayment for finance leases of $110,863.

As of April 30, 2025,2026, we had cash of $336,249, accounts receivable of $55,012,$7,506, prepaid expenses of $3,665$33,899 and inventory of $83,299.$32,801. During the year ended April 30, 2025,2026, we received proceeds from issuance of promissory notes of $755,400,$1,334,500. SeriesDuring Cthe preferredyear sharesended April 30, 2026, the Company recognized revenue of $615,000$5,512,066, incurred cost of revenue of $4,097,932 and proceedsgenerated fromgross subscriptionprofit of C preferred shares $310,000.$1,414,134. During the year ended April 30, 2025, the Company recognized revenue of $4,744,856, incurred cost of revenue of $3,613,051 and generated gross profit of $1,131,805. During the year ended April 30, 2024, the Company recognized revenue of $4,356,303, incurred cost of revenue of $3,521,158 and generated gross profit of $835,145.

This quarterly report contains forward-looking statements. These statements relate to future events or our future financial performance. In some cases, you can identify forward-lookingforward- looking statements by terminology such as “may,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “potential” or “continue” or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry’s actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance, or achievements. Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking statements to conform these statements to actual results.

The following summary of our results of operations should be read in conjunction with our financial statements for the three months ended OctoberJanuary 31, 20252026 and 2024,2025, and the sixnine months ended OctoberJanuary 31, 20252026, and 20242025 which are included herein.

We had revenues of $1,569,108$1,202,893 from operations during the three months OctoberJanuary 31, 2025,2026 as compared to $1,189,151$1,231,766 of revenues during the three months ended OctoberJanuary 31, 2024.2025. The increasedecrease in revenue is attributed to an increasedecrease in the availability of inventory during the three months ended OctoberJanuary 31, 2025.2026.

Our unaudited financial statements report a net loss of $580,707$748,137 for the three months ended OctoberJanuary 31, 2025,2026 compared to a net loss of $585,294$409,311 for the three months ended OctoberJanuary 31, 2024.2025. The decreaseincrease in net loss was due to an increase in grossgeneral profit.and administrative, professional Fees and interest expense.

Our operating expenses for the three months ended OctoberJanuary 31, 20252026 were $865,845$893,948 compared to $726,624$644,544 for the three months ended OctoberJanuary 31, 2024.2025. Operating expenses for the three months ended OctoberJanuary 31, 20252026, consisted of $622,196$659,045 in general and administrative, $183,996$175,028 in professional fees, $5,250$5,875 in professional fees – related parties and $54,403$ 54,000 in management fees and salaries – related parties. Operating expenses for the three months ended OctoberJanuary 31, 2024,2025 consisted of $435,328$478,914 in general and administrative, $192,451$72,258 in professional fees, $5,735$3,330 in professional fees – related parties and $93,110$90,042 in management fees and salaries – related parties. The increase in operating expenses during the three months ended OctoberJanuary 31, 20252026, was mainly due to the increase in general and administrative, including the increase in digital marketing, delivery and fleet, software fees and warehouse expenseexpenses and payroll expense.expenses and the increase in professional fees. During the three months ended January 31, 2026, the Company incurred stock-based compensation of $46,358 as compared to $8,370 incurred during the three months ended January 31, 2025.

Our other expenses for the three months ended OctoberJanuary 31, 20252026 were $86,005$175,617 compared to $84,146$110,698 for the three months ended OctoberJanuary 31, 2024.2025. During the three months ended OctoberJanuary 31, 20252026, and 2024,2025, the Company incurred interest expenses from loansexpense of $33,485$175,617 and $66,002,$123,209 comprised of loan interest of $115,507 and $91,114, interest expense from finance leases of $7,942$6,428 and $3,698$4,398 and debt discount amortization of $44,578$53,682 and $14,446,$27,697, respectively. During the three months ended January 31, 2025, the Company recognized other income of $12,511 from disposal of an automobile.

We had revenues of $2,871,280$4,074,173 from operations during the sixnine months OctoberJanuary 31, 2025,2026 as compared to $2,396,892$3,628,658 of revenues during the sixnine months ended OctoberJanuary 31, 2024.2025. The increase in revenue is attributed to an increase in the availability of inventory during the sixnine months ended OctoberJanuary 31, 2025.2026.

Our unaudited financial statements report a net loss of $1,275,550$2,023,687 for the sixnine months ended OctoberJanuary 31, 2025,2026 compared to a net loss of $1,172,003$1,581,334 for the sixnine months ended OctoberJanuary 31, 2024.2025. The increase in net loss was due to an increase in operating expensesgeneral and otheradministrative, expenses.professional fees and interest expense.

Our operating expenses for the sixnine months ended OctoberJanuary 31, 20252026 were $1,665,993$2,559,941 compared to $1,473,573$2,118,117 for the sixnine months ended OctoberJanuary 31, 2024.2025. Operating expenses for the sixnine months ended OctoberJanuary 31, 20252026 consisted of $1,163,485$1,822,530 in general and administrative, $374,785$549,813 in professional fees, $14,038$19,913 in professional fees – related parties and 113,685$167,685 in management fees and salaries – relates parties. Operating expenses for the sixnine months ended OctoberJanuary 31, 2024,2025 consisted of $901.307$1,380,221 in general and administrative, $382,573$454.831 in professional fees, $13,043$16,373 in professional fees – related parties and 176,650266,692 in management fees and salaries – relates parties. The increase in operating expenses during the sixnine months ended OctoberJanuary 31, 20252026 was mainly due to an increase in general and administration and an increase in managementprofessional fees and salaries – related parties.fees. The increase in general and administration expenseexpenses incurred during sixnine months ended OctoberJanuary 31, 20252026 was due to including the increase in digital marketing, delivery and fleet, software fees and warehouse expenseexpenses and payroll expense.expenses. The increase in management fees and salaries- related partiesprofessionals was mainly due to the increase in audit fees, consulting fees and stock-based compensation During the nine months ended January 31, 2026, the Company incurred stock-based compensation of $14,038 for common stock award to related parties,$197,162 as compared to stock-based$44,953 compensation of $13,043 for common stock award to related partiesincurred during the sixnine months ended OctoberJanuary 31, 2024. Stock-based compensation was recorded under professional fees in the statements of operations.2025.

Our other expenses for the sixnine months ended OctoberJanuary 31, 20252026 were $356,998$532,615 compared to $185,653$296,351 for the sixnine months ended OctoberJanuary 31, 2024.2025. During the sixnine months ended OctoberJanuary 31, 20252026 and 2024,2025, the Company incurred interest expenses from loansexpense of $263,745$531,118 and $137,559,308,862comprised of loan interest of $470,988 and $228,673, interest expense from finance leases of $13,903$20,330 and $7,630$12,028 and debt discount amortization of $79,350$39,800 and $40,464,$68,161, respectively. During the nine months ended January 31, 2026 and January 31, 2025, the Company incurred other expense of $1,497 and recognized other income of $12,511 from disposal of an automobile, respectively.

Our total current assets as of OctoberJanuary 31, 20252026 were $265,563$181,762 as compared to total current assets of $478,225 as of April 30, 2025,2025 due to the decrease in cash.cash and inventory. Our total current liabilities as of OctoberJanuary 31, 20252026, were $6,137,582$6,689,744 as compared to total current liabilities of $6,035,191 as of April 30, 2025, due primarily to the increase in promissory note payable, finance lease liabilities,liabilities stockand accounts payable – related parties and deposits.accrued liabilities.

Our working capital deficit on OctoberJanuary 31, 20252026 was $5,872,019$6,507,982 as compared to working capital deficit of $5,556,966 as of April 30, 2025,2025 due to the factors noted above.

Net cash used in operating activities was $774,986$1,035,756 for the sixnine months ended OctoberJanuary 31, 2025,2026 compared with $410,619$770,281 net cash used in operating activities during the same period in 2024.2025.

During the sixnine months ended OctoberJanuary 31, 2025,2026, net cash used in operating activities was attributed to net loss of $1,275,550$2,023,687 decreased by stock-based compensation of $150,804,$197,162, loss from trade in of automobile of $1,499, non-cash interest expense for convertible note conversion of $171,355, non-cashnon- cash interest expense for promissory note inducement of $36,053 ,$91,194, stock payable for lease expense of $15,000,$22,500, stock payable for promissory note extension 11,314, depreciation of furniture and equipment of $18,208,$27,265, depreciation of right-of-useright -of-use assets of $74,478,$114,281, amortization of intangible assets of $5,254, amortization of promissory note discount of $79,350$133,032 and interest expense on finance lease of $13,754, and was increased by reversal of non-cash interest expense for promissory note extension of $13,400$20,183 and a net change in operating assets and liabilities of $51,791.$206,293, and was increased by reversal of non-cash expense for promissory note extension 13,400 During the nine months ended January 31, 2025, net cash used in operating activities was attributed to net loss of $1,581,334 decreased by stock-based compensation of $44,953, stock issued for promissory note extension of $35,880, non-cash interest expense for promissory note of $16,200, stock payable for lease expense of $22,500, stock payable for interest expense for promissory note s of $16,708, depreciation of furniture and equipment of $38,168, depreciation of right-of-use-assets of $39,284, amortization of intangible assets of $21,388, amortization of promissory note discount of $68,161, interest expense on finance lease of $12,027, increased by other income from insurance coverage on damaged automobile of $12,511 and decreased by a net change on operating assets and liabilities of $508,295.

During the sixnine months ended OctoberJanuary 31, 20252026 and 2024,2025, we used $0 and $67,874,$30,212, respectively, in investing activities.

During the sixnine months ended OctoberJanuary 31, 2025,2026, the Company acquired no automobiles for $0.

During the sixnine months ended OctoberJanuary 31, 2024,2025, the Company acquired anfour automobileautomobiles for $67,874 and received proceed from disposal of $67,874.vehicles of $37,662.

During the six months ended October 31, 2025, net cash from financing activities was $476,638 compared to $425,441 during the same period in 2024. Cash flows from financing activities during the sixnine months ended OctoberJanuary 31, 2025 were derived from proceeds from issuance of promissory notes totaling of $575,000$320,000, proceeds from subscription of series C preferred shares and proceeds from the issuance of series C preferred shares totaling $570,000 offset by repayment for finance leases of $54,362 and repayment of promissory notes of $44,000. Proceeds from financing activities during the six months ended October 31, 2024, were derived from proceeds from issuance of promissory notes totaling $245,000 and issuance of series C preferred shares totaling $420,000 offset by repayment for finance leases of $29,059,$48,584, repayment of promissory notes of $60,500 and repayment from the return of series C preferred shares 150,000.

As of OctoberJanuary 31, 2025,2026, we had cash on hand of $37,901.$17,897. We generated revenues of $2,871,280$4,074,173 and gross profit of $747,441$1,068,869 during the sixnine months ended OctoberJanuary 31, 2025,2026, but incurred net loss of $1,275,550$2,023,687 during the period and a cumulative net loss of $45,050,916$45,799,053 since our inception. We expect to generate additional losses for the foreseeable future while we establish our business.