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

Revenue and Gross ProfitMargin

Our revenue from commission income for the years ended December 31, 20242025 and 2023,2024, was $2,051,443$4,062,250 and $1,919,243,$2,051,443, respectively, an increase of $132,200$2,010,807 or 6.9%.98%. RevenueOn October 24, 2025, the Company closed a $59 million refinance transaction and a $14.5 million transaction with the HKB Hotels Group resulting in thegross second halfrevenue of $1.045 million. This deal was consummated at the yearmarketing event in Lisbon in early August. The COO of HKB Hotels and Managing Director of Barclays were present at the event. In addition, revenue has increased due to several new large loans originated through the Commercial Mortgage Backed Securities (“CMBS”).

Our commission expense for the years ended December 31, 20242025 and 2023,2024, was $870,434$1,639,923 and $802,464,$870,434, respectively, an increase of $67,970$769,489 or or 8.5%.88.4%. We saw an increase in commission expenseexpenses due to the increase in revenue and for deals closed by loan originators with beneficial commission structures.

Our commission expense – related party, for the years ended December 31, 20242025 and 2023,2024, was $522,749$1,039,088 and $678,750,$522,749, respectively, an a decreaseincrease of $156,001$516,339 or 23%.98.8%. Related party commission expense decreasedincreased due to amore deals neworiginated commission agreement that loweredby the percentageChairman and CEO. Related party commission expense is for commission paid to 55%Park ofRiver allInvestments, closedLLC, deals.a company owned by the Chairman and CEO, where the Chairman and CEO was the procuring cause for the revenue.

Professional fees for the years ended December 31, 20242025 and 2023,2024, were $91,764$72,914 and $590,607,$91,764, respectively, a decrease of $498,843$18,850 or 84.5%.20.5%. Professional fees consist mainly of legal, audit and accounting fees. InThe decrease in the priorcurrent year weis issuedthe 894,113 sharesresult of commona stockdecrease toin anaccounting attorneyfees of for total$8,750 non-cashand expensea decrease in legal fees of $447,057.$10,028.

PayrollConsulting expense for the years ended December 31, 20242025 and 2023,2024, was $281,911$138,750 and $360,341,$30,450, respectively, aan decreaseincrease of $78,430$108,300 or 21.8%.355.7%. OurIn payroll expense decreased in the current year duewe torecognized bonuses$138,750 of non-cash consulting expense, that werehad paid outbeen in theprepaids, priorfor yearcommon butstock notissued in thea current.prior period.

As of December 31, 2024,2025, we had cash of approximately $484$513,777 and a working capital deficit of approximately $60,000.$144,294.

During the year ended December 31, 2024,2025, we used $210,738$513,293 of cash inwas provided by operating activities. Our cash flows usedprovided inby operating activities is primarily a result of (i) our net loss of $283,346,$123,755, adjusted for non-cash activity of $73,744$149,157 and (ii) and a net change in operating assets and liabilities of ($1,136). In the prior period operating activities used $537,869 of cash.$487,891.

The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has an accumulated deficit of $2,971,814$3,095,569 at December 31, 2024,2025, had a net loss of $283,346$123,755 and received net cash used infrom operating activities of $210,738$513,293 for the year ended December 31, 2024.2025. The Company’s ability ability to raise additional capital through the future issuances of common stock and/or debt financing is unknown. The obtainment of additional additional financing, the successful development of the Company’s operations, and its transition, ultimately, to the attainment of profitable operations are necessary for the Company to continue operations. These conditions and the ability to successfully resolve these factors over the next twelve months raise substantial doubt about the Company’s ability to continue as a going concern. The financial statements of the Company do not include any adjustments that may result from the outcome of these aforementioned uncertainties.

Critical Accounting Policies and Estimates

On March 30, 2023, the Company,Company entered into a Reorganization Agreement (the “Reorganization Agreement”) with Megamile Capital, Inc. d/b/a Mag Mile Capital f/k/a CSF Capital LLC (“Mag Mile Capital”) under which Mag Mile Capital was merged with and into Myson. At the closing of the Reorganization Agreement, the sole member of the Myson Board of Directors and its officer resigned and Rushi Shah, President and CEO of Mag Mile Capital, assumed the positions of Chairman of the Myson Board of Directors and the titles of President and CEO, Secretary and Treasurer of Myson. Under the terms of the Reorganization Agreement, Mag Mile Capital’s shareholders now own 88% of the issued and outstanding shares of the Company’s common stock or 87,424,424 shares.

Results of Operations for the Three Months Ended MarchJune 31,30, 2026 Compared to the Three Months Ended MarchJune 31,30, 2025

Our commission expense for the three months ended MarchJune 31,30, 2026 and 2025, was $583,419$343,612 and $344,020,$364,301, respectively, ana increasedecrease of $239,399$20,689 or 69.6%.5.7%. WeThe saw an increasedecrease in commission expensesexpense, due todespite the increase in revenuerevenue, was primarily due to restructuring certain originator commission splits and foroverrides dealsto closedimprove bythe loanCompany’s originators with beneficial commission structures.profitability.

Our related-party commission expense – related party, for the three months ended MarchJune 31,30, 2026 and 2025, was $1,100,663$305,500 and $180,400,$49,500, respectively.respectively, Relatedan partyincrease commissionof expense$256,000 increasedor due517.2%. The increase was primarily attributable to morea dealsgreater number of transactions originated by the Company’s Chairman and CEO. Related partyRelated-party commission expense isrepresents for commissioncommissions paid to Park River Investments, LLC, a company owned by the Chairman and CEO, where the Chairman and CEO was the procuring cause forof the related revenue.

Professional fees for the three months ended MarchJune 31,30, 2026 and 2025, were $15,000$27,980 and $25,813,$24,066, respectively, aan decreaseincrease of $10,813$3,914 or 41.9%.16.3%. Professional fees consist mainly of legal, audit and accounting fees. In the current period we had a $15,000$7,000 and $6,500 decreaseincrease in auditaccounting and accounting fees, respectively,fees (due to timing of billings) offset by an increasedecrease of legal fees.

General and administrative expenses for the three months ended MarchJune 31,30, 2026 and 2025, were $178,294$219,689 and $147,722,$193,030, respectively, an increase of $30,572$26,659 or 20.7%.13.8%. In the current period we had an increase of travelconference expense of approximately $7,800,$33,000, $10,000$31,000 for OTCmarketing expense fees and office expense of $6,000.$8,700. These increases were offset by a $46,250 decrease in consulting expense and a $35,264 decrease in meals and entertainment expense.

We incurred interest expense of $2,193 and $2,193 for the three months ended MarchJune 31,30, 2026 and 2025. We incur interest expense for our Small Small Business Administration loan (Note 5).

We had a net income of $301,433$138,175 for the threesix months ended MarchJune 31,30, 2026, compared to $9,714a net loss of $55,870 for the threesix months ended MarchJune 31,30, 2025. 2025. The increase from a net loss to our net income was theprimarily resultattributable ofto a $442,213$379,077 increase in our gross profit, withpartially onlyoffset by a $150,495$185,032 increase in operating expenses, for a net increase to operating income of $291,719.expenses.

As of MarchJune 31,30, 2026, we had cash of approximately $644,000$613,000 and a working capital deficit of $169,103.$57,551.

During the threesix months ended MarchJune 31,30, 2026, we generated $130,339$98,983 of cash from operating activities. Our cashCash flows provided by operating activities iswere the result of (i) our net income of $301,433,$138,175, adjusted for non-cash activity of $61,662$117,730 and (ii) a decrease in prepaids prepaids of $959,$6,209, a decrease of draws against commissions of $40,141,$49,155, a decrease of accounts payable and accruals of $283,004$199,123 and a andecrease increase of accounts payable and accruals,- related party,party of $9,148.$13,163.

During the threesix months ended MarchJune 31,30, 2025, we generatedreceived $139,650$342,906 of cash from operating activities. Our cash flows provided by operating activities activities is the result of (i) our net incomeloss of $9,714,$55,870, adjusted for non-cash activity of $14,388$75,276 and (ii) an increase in prepaids of $17,640, $16,921, a decrease of draws against commissions of $5,986,$51,221, an increase of accounts payable and accruals of $72,202$234,200 and an increase forof proceeds from related parties of $55,000.

During the threesix months ended MarchJune 31,30, 2026 and 2025, we had no investing activities.

During the threesix months ended MarchJune 31,30, 2026 and 2025, we had no financing activities.