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

As of MarchJune 31,30, 2026, the Company’s principal assets consist primarily of loans receivable bearing contractual interest rates and maturing maturing on December 31, 2026. The Company accrues interest income on these notes in accordance with the terms of the underlying agreements.

The Company operated as Dinewise Inc. until March 27, 2025 when it changed its name to Superstar Platforms Inc. Superstar Platforms, Inc owns PawnTrust. PawnTrust is a marketplace exclusively for Pawn Shops. It allows users to buy, borrow and barter through an app on their mobile phone. The marketplace is in beta testinglive and is slatedcurrently testing on Pawn Club in Marietta, Georgia. The company will look to gosign liveup inother pawn Q3/partners starting September 1, 2026. The Company utilizes a combination of shareholder capital and debt financing to fund its lending activities, generating interest income from loans receivable.

Superstar Platforms Inc.- Shareholders’ Equity Capital Formation The issuer was incorporated in the State of Nevada in 2002 as Simplagene USA Inc. and was known by that name until 2005. The Company operated as Dinewise Inc. until March 27, 2025 when it changed its name to Superstar Platforms Inc. As of MarchJune 31,30, 2026, The Company was authorized to issue one billion of common stock with 182,289,904 issued and outstanding. The company did not issue any shares since the Annual Report for the period ending December 31, 2025. In 2022, the Company issued 34,000,000 shares for debt conversions. In 2023, the Company issued 13,000,000 shares for debt conversion. In 2024, the Company issued 17,000,000 for debt conversions. In 2025 the company issued 10,557,948 shares. There is no preferred stock. The Company may require additional funding for ongoing operations in the future. There is no guarantee that we will be able to raise any additional capital and have no current arrangements for any such financing.

For the quarter ended MarchJune 31,30, 2026, the Company generated total revenue of $0, compared to $18,900$0 for the year quarter ended June March 31,30, 2025. The decrease was a re-classification of revenue to other income.

Operating expenses totaled $(141,877276,565) for the quarter6 month ended MarchJune 31,30, 2026, compared to $(100,090238,672) for quarterthe 6 months ended MarchJune 31, 30, 2025, an increase of $47,787$37,893 or 41.75%.15.88%. The reason for the increase was bad debt expense which is explained in allowance for Credit Losses.

The Company recorded a net loss of $44,674$76,792 for the quarter6 month ended MarchJune 31,30, 2026, compared to a net loss of $81,190$140,351 for the quarter6 month ended MarchJune 31,30, 2025, ana decrease of $36,516,$63,559 or 44.98%.45.28%. The decrease in net loss was attributable to interest income. .

The following table summarizes the results of our operations for quarter ended MarchJune 31,30, 2026 and MarchJune 31,30, 2025, 2025, respectively, and provides information regarding the dollar and percentage increase or (decrease) from the current year to the prior year:

The Company generates revenue primarily through interest income earned on its loan portfolio. Management expects that collections of interest and principal from loans receivable, together with future financing activities, will provide sufficient liquidity to support the Company’s operating activities and lending operations. Historically, we have depended on equity offerings and loans from our principal shareholders and their affiliated companies to provide us with working capital as required. the Company funded its lending activities and operations primarily through a combination of equity issuances and borrowings under promissory note agreements. As of MarchJune 31,30, 2026, the Company had $2,685,670$2,818,670 in notes payable, which were used primarily to fund a potential acquisition as well as provide working capital to fund loans issued to various borrowers under promissory note agreements. There is no guarantee that such funding will be available when required and there can be no assurance that our stockholders, or any of them, will continue making loans or advances to us in the future.

As of MarchJune 31,30, 2026, and December 31, 2025, we had total assets of $2,967,967$3,238,815 and $2,817,823 respectively. working capital of $(1,316,4531,340,880) and $(1,296,1771,296,176) and an accumulated deficit of $(1,879,7081,911,826) and $(1,835,034) and respectively. Our operating activities used $25,473$(33,218) in cash for the three months ending MarchJune 31,30, 2026, compared to net cash used in operations of $16,090$1,256,020 for the three months ended MarchJune 31,30, 2025.

As of MarchJune 31,30, 2026, and December 31, 2025, the Company had an outstanding loan balance of $307,674 from a related party. The note was due due on December 31, 2021 and will accrue interest until paid off. The Company finances a portion of its lending activities through notes payable, which totaled $2,685,670$2,818,670 as of MarchJune 31,30, 2026. These borrowings are used primarily to fund the Company’s loan receivable portfolio and provide working capital for operations. The Company generates revenue through the interest spread between the cost of borrowed funds and the interest earned on loans issued to borrowers. As of MarchJune 31,30, 2026 the loan receivable balance was $2,604,239.$2,734,080. which contributes to interest income recognized in the Company’s statement of operations. These loans generally bear interest at an annual rate of approximately 24% and are documented through promissory note agreements. Management expects that collections of principal and interest from these receivables will contribute to the Company’s liquidity and support its ongoing operations. The Company evaluates its loan portfolio on an ongoing basis and maintains an allowance for credit losses in accordance with ASC 326 to reflect potential credit risk associated with its lending activities.

The Company monitors credit risk associated with its loan portfolio on an ongoing basis. Management evaluates borrower payment performance, financial condition, and compliance with loan agreements. As of MarchJune 31,30, 2026, all loans were current and performing in accordance with their contractual terms. The Company has established an allowance for credit losses consistent with the guidance under ASC 326 to address potential future credit losses.

The Company accounts for expected credit losses on loans receivable in accordance with ASC 326 – Financial Instruments – Credit Losses (CECL). As of MarchJune 31,30, 2026, the Company recorded an allowance for credit losses equal to approximately 3% of outstanding loan balances. Management determined this allowance based on factors including, the unsecured nature of most loans, borrower concentration, maturity concentration of the loans, historical repayment experience and current economic conditions. Actual credit losses may differ from management’s estimates. These credit losses are expensed on the company’s statement of operations.