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

From 2018 to present, the Company focused in products and services that adopt IT, cloud computing, mobile payments, Big Data, Blockchain and AI, and other new and exciting business models that will create revolutionary products and services. From 2020 to present, the Company through promissory notes becomes major creditor and stakeholder in Beneway Holdings Group Ltd (its corporate name was changed from Sinoway International Corp.). As of December 31, 2024,2025, Midas Touch Technology Co. Ltd., had nominal operations and nominal assets. Thethe company works with Beneway Holdings Group in several new business ventures with focus on the following fields:

The Company recognized $0 $(18,482) and $0 of revenue from continuing operations during the year ended December 31, 20242025 and 2023,2024, respectively.

We have funded our operations to date primarily through operations, and non-related party loans. The Company’s management recognizes that the Company must generate sales and obtain additional financial resources to continue to develop its operations As of December 31, 2024, 2025, we had a working capital deficit of $(540,252600,195). Our current assets on December 31, 20242025 were $38,495$8,560 primarily consisting of cash in the bank. Our current liabilities were $578,747$608,755 primarily composed of loans payables- others $254,445,$259,445, accrued interest payable $109,877, $128,424, short term debts $97,900,$114,355, other payablespayables- $96,000,related parties $76,000, credit card payable of $11,756$30,532 and accounts payables of $ 8,769.$0.

The Company follows Section 830-10-45 of the FASB Accounting Standards Codification (“Section 830-10-45”) for foreign currency translation to translate the financial statements of the foreign subsidiary from the functional currency, generally the local currency, into U.S. Dollars. Section 830-10-45 sets out the guidance relating to how a reporting entity determines the functional currency of a foreign entity (including of a foreign entity in a highly inflationary economy), re-measures the books of record (if necessary), and characterizes transaction gains and losses. the assets, liabilities, and operations of a foreign entity shall be measured using the functional currency of that entity. An entity’s functional currency is the currency of the primary economic environment in which the entity operates; normally, that is the currency of the environment, or local currency, in which an entity primarily generates and expends cash .cash.

ThreeSix Months ended MarchJune 31,30, 2026 and 2025.

The Company recognized $20,000 and $0 of revenue during the threesix months ended MarchJune 31,30, 2026 and 2025 respectively.

Operating expenses were $18,658$27,388 and $12,038$51,347 for the threesix months ended MarchJune 31,30, 2026 and 2025 respectively. The increase was primarily due to the increase in audit fees.

Cost of revenue were $10,000 and $0 for the threesix months ended MarchJune 31,30, 2026 and 2025 respectively. The cost of revenue comes from outsourcing of services.

Bad debts expenses were $0 and $15,702 for the threesix months ended MarchJune 31,30, 2026 and 2025, respectively.

During the threesix months ended MarchJune 31,30, 2026 and 2025, the Company had interest expense of $4,644$8,383 and $4,569$8,703 incurred on convertible promissory notes and interest expense of $873 and $479 incurred on short-term loans respectively.

As a result of the foregoing, the Company generated net (loss) of $(15,03530,236) and $(29,98159,676) for the threesix months ended MarchJune 31,30, 2026 and 2025, respectively.

As of MarchJune 31,30, 2026, we had a working capital deficit of $(615,230630,431). Our current assets on MarchJune 31,30, 2026 were $12,195$2,987 primarily consisting of cash. Our current liabilities were $627,425$633,418 primarily composed of short term debt of $125,259,$122,259, loan payables of $259,445, other payables of $76,000, accrued expenses of $134,068,$138,930, credit card payable of $31,463,$33,469 and accounts payable $1,190.$3,315. Long term liability is composed of convertible promissory notes of $279,000.$231,700.

As of MarchJune 31,30, 2025, we had a working capital deficit of $(555,762540,227). Our current assets on MarchJune 31,30, 2025 were $14,466$39,279 primarily consisting of cash.cash and investment in equities of Beneway Holdings Group Ltd. $30,000 for 30 million shares of its common stock priced at $0.001 per share and cash $9,279. Our current liabilities were $570,228$579,506 primarily composed of short term debt of $97,900,$95,274, loan payables of $259,445, other payables of $86,000,$76,000, accrued expenses of $114,446,$119,059, and credit card payable of $12,437.$29,728. Long term liability is composed of convertible promissory notes of $279,000.

Net cash (used in) operating activities was $($7,27013,479) during the threesix months ended MarchJune 31,30, 2026 which consisted of our net loss of $(15,03530,236), a change in accrued expenses of $5,644,$10,506, a change in accounts payable $1,190,$3,314, and a change in credit card payable of $931.$2,937.

Net cash (usedprovided in)by operating activities was ($19,030)$3,179 during the threesix months ended MarchJune 31,30, 2025 which consisted of our net loss of $(29,98159,676) with a change in accountsother receivableloan receivables of $(1,231), increase in$28,769, interest receivables $15,702, a change in accrued expenses of $4,569,$9,182, a change in accounts payables for a total of $(8,769), and a change in credit card payable of $681.$17,972.

Net cash used in investing activities totaled $0 for the threesix months ended MarchJune 31,30, 2026.

Net cash (used in) investing activities totaled $0$30,000 for the threesix months ended MarchJune 31,30, 2025.

Net cash from (used in) financing activities totaled $10,905$7,905 for the threesix months ended MarchJune 31,30, 2026, which consisted of a change in short-term debts payables- related party.

Net cash (used in) financing activities totaled $(5,0002,396) for the threesix months ended MarchJune 31,30, 2025, which consisted of aproceeds changefrom inloan payables – others $5,000, proceeds from short term debts of $(2,626), proceeds from capital contribution $15,230 and other payables- related party $(10,00020,000) and a change in loan payable of $5,000..

Our quarterly results are impacted principally by the total value, scope, and terms of our client contracts. Our utilization rate can be affected by seasonal variations in the demand for our services from our clients. As of MarchJune 31,30, 2026, we did not generate revenue from the US. Our operating expenses include professional fees, technology costs, software and data hosting expenses, and other office related expenses.