Global-Smart.Tech flags going-concern warning

A substantial-doubt warning and ineffective disclosure controls accompany quarter-end cash of $453 and $442,475 owed under a related-party loan.

Rhea-AI Filing Summary

Global-Smart.Tech Inc. reported revenue of $27,482 for the three months ended August 31, 2026, compared with $14,803 a year earlier; net loss narrowed to $15,972 from $46,676. Operating expenses were $43,454 versus $61,479, and cash used in operating activities was $7,678 versus $23,945.

At August 31, 2026, cash was $453, accumulated deficit was $390,345, current assets were $43,308 and current liabilities were $491,525. The company owed officer and director Yehor Rodin $442,475 under a related-party loan. Management said the deficit, operating loss and operating cash use raise substantial doubt about the company’s ability to continue as a going concern, and stated additional funding is required for the next twelve months.

During the quarter, Rodin surrendered 3,000,000 common shares for zero consideration, which the company cancelled and retired; 3,134,780 common shares were outstanding at August 31, 2026. Management concluded disclosure controls and procedures were not effective as of that date.

3 points · 0 major

NegativeiHow this balance works

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Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

How the balance worksHow Sentiment works

1 major · 2 points

How the balance works

Positive

• Minor pointRevenue was $27,482, compared with $14,803 a year earlier.
• Minor pointNet loss narrowed to $15,972, from $46,676.
• Minor pointCash used in operating activities was $7,678, versus $23,945.

Negative

• Major pointManagement reported substantial doubt about continuing as a going concern at August 31, 2026.
• Moderate pointDisclosure controls and procedures were deemed ineffective as of August 31, 2026.

Key Figures

Revenue: $27,482; $14,803 Net loss: $15,972; $46,676 Cash used in operating activities: $7,678; $23,945 +4 more

7 metrics

Revenue $27,482; $14,803 Three months ended August 31, 2026 and 2025, respectively

Net loss $15,972; $46,676 Three months ended August 31, 2026 and 2025, respectively

Cash used in operating activities $7,678; $23,945 Three months ended August 31, 2026 and 2025, respectively

Accumulated deficit $390,345 As of August 31, 2026

Related-party loan balance owed $442,475 Owed to Yehor Rodin as of August 31, 2026

Common shares cancelled 3,000,000 shares During the three months ended August 31, 2026

Common shares outstanding 3,134,780 shares As of August 31, 2026

Key Terms

going concern, deferred revenue, performance obligations, functional currency, +1 more

5 terms

going concern financial

"substantial doubt about our ability to continue as a going concern"

Going concern is the accounting assumption that a company will keep operating and meeting its obligations for the foreseeable future. The phrase matters most when a company or its auditors disclose substantial doubt about it, a formal warning that the business may not have enough resources to continue without raising money, restructuring, or selling assets. That language in a filing or press release signals elevated financial risk.

deferred revenue financial

"undelivered service obligations are reflected as deferred revenue"

Cash a company has already received for goods or services it has promised but not yet delivered; it's recorded as a liability because the company still owes that product, service, or future revenue recognition. For investors, deferred revenue signals upcoming work or deliveries that will convert into reported sales over time and affects short-term obligations, cash flow quality, and how quickly a firm can grow recognized revenue—think of it like prepaid subscriptions or gift cards a business must honor later.

performance obligations financial

"Identify the performance obligations in the contract"

Performance obligations are the specific promises a company makes to deliver goods or services to a customer under a contract, treated as separate deliverables when a customer can benefit from them on their own. Investors care because these promises determine when and how much revenue a company records — like breaking a bundled purchase into separate billable parts — which affects reported earnings, growth trends and the clarity of future cash flows.

functional currency financial

"functional currency is the U.S. dollar"

The functional currency is the single currency a company uses as its primary money for recording business transactions and preparing financial statements — think of it as the company's "home" currency or the money it budgets and measures performance in. It matters to investors because currency choices determine how foreign sales, costs and exchange-rate swings translate into reported revenue, profit and debt, affecting comparisons, risk assessments and valuation.

disclosure controls and procedures regulatory

"our disclosure controls and procedures were not effective"

Policies, routines and internal checks a public company uses to identify, collect and verify information that must appear in its financial reports and public filings, and to make sure that material news is disclosed accurately and on time. Investors care because effective controls increase confidence that the company’s reported numbers and disclosures are reliable and reduce the risk of surprises, much like a building’s inspection and alarm system helps occupants trust the structure’s safety.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much revenue did GSMT report for the quarter ended August 31, 2026?

Global-Smart.Tech Inc. reported revenue of $27,482 for the three months ended August 31, 2026, compared with $14,803 for the three months ended August 31, 2025. The company provides cloud-rendering services.

How many GSMT shares were cancelled, and for what consideration?

Yehor Rodin surrendered 3,000,000 common shares for zero consideration, and the company cancelled and retired them during the three months ended August 31, 2026. The shares reverted to authorized but unissued status; authorized common shares remained 75,000,000.

What are the terms of GSMT's loan from Yehor Rodin?

The loan from officer and director Yehor Rodin is unsecured and interest-free, with a maximum loan amount of $550,000 and a maturity date of April 8, 2027. The balance owed was $442,475 as of August 31, 2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Form 10-Q

[X] Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 

For the quarterly period ended August 31, 2026

[ ] Transition Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the transition period from __________ to __________

Commission file number 000-56781

Global-Smart.Tech Inc.

(Exact name of registrant as specified in its charter)

Wyoming (State or Other Jurisdiction of Incorporation or Organization) 7370 (Primary Standard Industrial Classification Number) 98-1664763 (IRS Employer Identification Number)

Yehor Rodin

Kava b.b.

85320, Tivat, Montenegro

+1205-2165924

(Address, including zip code, and telephone number, including area code, of registrant’s principal executive offices)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
-	-	-

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15 (d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes [X]       No [ ]

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).

Yes [X ]       No [ ]

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer”, “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act:

Large accelerated filer	[ ]	Accelerated filer	[ ]
Non-accelerated filer	[X]	Smaller reporting company	[X]
		Emerging growth company	[X]

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes [ ]       No [X]

State the number of shares outstanding of each of the issuer's classes of common equity, as of the latest practicable date: 3,134,780 common shares issued and outstanding as of October 8, 2026.

2

Global-Smart.Tech Inc.

Quarterly report on form 10-Q

TABLE OF CONTENTS

		Page
PART I	FINANCIAL INFORMATION:
Item 1.	Condensed Financial Statements (Unaudited)	4
	Condensed Balance Sheets as of August 31, 2026 (Unaudited) and May 31, 2026	5
	Condensed Statements of Operations for the three months ended August 31, 2026 and 2025 (Unaudited)	6
	Condensed Statements of Changes in Stockholders’ Equity (Deficit) for the three months ended August 31, 2026 and 2025 (Unaudited)	7
	Condensed Statements of Cash Flows for the three months ended August 31, 2026 and 2025 (Unaudited)	8
	Notes to the Condensed Financial Statements (Unaudited)	9
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	14
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	17
Item 4.	Controls and Procedures	17
PART II	OTHER INFORMATION:
Item 1.	Legal Proceedings	19
Item 1A	Risk Factors	19
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	19
Item 3.	Defaults Upon Senior Securities	19
Item 4.	Submission of Matters to a Vote of Securities Holders	19
Item 5.	Other Information	19
Item 6.	Exhibits	19
	Signatures	20

3

PART I – FINANCIAL INFORMATION

Item 1. Financial Statements

The accompanying interim financial statements of Global-Smart.Tech Inc. (the “Company”, “we”, “us” or “our”), have been prepared without audit pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with United States generally accepted accounting principles have been condensed or omitted pursuant to such rules and regulations.

The interim financial statements are condensed and should be read in conjunction with the Company’s latest annual financial statements.

In the opinion of management, the financial statements contain all material adjustments, consisting only of normal recurring adjustments, considered necessary to present fairly the financial condition, results of operations, and cash flows of the Company for the interim periods presented.

4

Global-Smart.Tech Inc.

Condensed Balance Sheets

		August 31, 2026		May 31, 2026
		(Unaudited)
Assets
Current Assets
Cash	$	453	$	81
Prepaid Expenses		42,855		9,100
Total Current Assets		43,308		9,181
Fixed Assets
Equipment, net		95,519		113,718
Website Development, net		1,400		1,750
Total Fixed Assets		96,919		115,468
Total Assets	$	140,227	$	124,649
Liabilities and Stockholders’ Equity (Deficit)
Current Liabilities
Accrued Salaries	$	25,550	$	25,550
Deferred Revenue		23,500		-
Loan from Related Parties		442,475		434,425
Total Current Liabilities		491,525		459,975
Total Liabilities		491,525		459,975
Stockholders’ Equity (Deficit)
Common Stock ($0.001 par value, 75,000,000 shares authorized;  3,134,780 and 6,134,780 shares issued and outstanding as of August 31, 2026 and May 31, 2026, respectively)		3,135		6,135
Additional Paid-in Capital		35,909		32,909
Accumulated Other Comprehensive Income		3		3
Accumulated Deficit		(390,345)		(374,373)
Total Stockholders’ Equity (Deficit)		(351,298)		(335,326)
Total Liabilities & Stockholders’ Equity (Deficit)	$	140,227	$	124,649

See accompanying notes, which are an integral part of these condensed financial statements

5

Global-Smart.Tech Inc.

Condensed Statements of Operations

(Unaudited)

		Three months ended August 31, 2026		Three months ended August 31, 2025
Revenues	$	27,482	$	14,803
Operating Expenses
Professional Fees		11,660		31,090
Depreciation Expense		18,549		18,549
General and Administrative Expenses		13,245		11,840
Total Operating Expenses		43,454		61,479
Net Loss from Operations		(15,972)		(46,676)
Provision for Income Taxes		-		-
Net Loss	$	(15,972)	$	(46,676)
Loss per Common Share – Basic & Diluted	$	(0.00)	$	(0.01)
Weighted Average Number of Common Shares Outstanding – Basic & Diluted		3,493,476		5,091,774

See accompanying notes, which are an integral part of these condensed financial statements.

6

Global-Smart.Tech Inc.

Condensed Statements of Changes in Stockholders’ Equity (Deficit)

For the three months ended August 31, 2026 and 2025 (Unaudited)

	Common Stock
	Shares		Amount		Additional Paid-in- Capital		Accumulated Deficit		Accumulated Other Comprehensive Income			Total
Balance as of May 31, 2025	5,894,680	$	5,895	$	25,946	$	(270,605)	$	3		$	(238,761)
Common Shares Issued for Cash	240,100		240		6,963		-		-			7,203
Net Loss	-		-		-		(46,676)		-			(46,676)
Balance as of August 31, 2025	6,134,780	$	6,135	$	32,909	$	(317,281)	$	3		$	(278,234)
Balance as of May 31, 2026	6,134,780	$	6,135	$	32,909	$	(374,373)	$	3		$	(335,326)
Common Shares Cancelled	(3,000,000)		(3,000)		3,000		-		-			-
Net Loss	-		-		-		(15,972)		-			(15,972)
Balance as of August 31, 2026	3,134,780	$	3,135	$	35,909	$	(390,345)	$	3		$	(351,298)

See accompanying notes, which are an integral part of these condensed financial statements.

7

Global-Smart.Tech Inc.

Condensed Statements of Cash Flows

(Unaudited)

		Three months ended August 31, 2026		Three months ended August 31, 2025
OPERATING ACTIVITIES
Net Loss	$	(15,972)	$	(46,676)
Adjustments to reconcile Net Loss to Net Cash Used in Operating Activities
Depreciation Expense		18,549		18,549
Changes in Assets and Liabilities:
Prepaid expense		(33,755)		(5,030)
Accounts Payable		-		10,000
Deferred Revenue		23,500		(788)
Net Cash Used in Operating Activities		(7,678)		(23,945)
INVESTING ACTIVITIES
Net Cash Used in Investing Activities		-		-
FINANCING ACTIVITIES
Proceeds from Loan from Related Parties		8,050		4,310
Proceeds from the Sale of Common Stock		-		7,203
Net Cash Provided by Financing Activities		8,050		11,513
Net Cash Increase (Decrease) for the Period		372		(12,432)
Cash at Beginning of Period		81		12,943
Cash at End of Period	$	453	$	511
SUPPLEMENTAL SCHEDULE OF CASH FLOW INFORMATION:
Cash Paid for:
Interest	$	-	$	-
Income Tax	$	-	$	-
SCHEDULE OF NON-CASH INVESTING AND FINANCING ACTIVITIES
Common Shares Cancelled	$	3,000	$	-

See accompanying notes, which are an integral part of these condensed financial statements.

8

Global-Smart.Tech Inc.

Notes to the Condensed Financial Statements

August 31, 2026

(Unaudited)

NOTE 1. The Company

Global-Smart.Tech Inc. (the “Company”) was incorporated under the laws of the State of Wyoming on April 15, 2022. We provide cloud rendering services, operating an advanced platform designed for 3D interior designers and visualization professionals. The platform leverages graphics processing units (“GPUs”) to support rendering workflows and improve processing efficiency.

NOTE 2. Going Concern

Our financial statements have been prepared on a going concern basis which assumes that we will be able to realize our assets and discharge our liabilities and commitments in the normal course of business for the foreseeable future. As of August 31, 2026 Global-Smart.Tech Inc. has an accumulated deficit of $390,345 and during the three months ended August 31, 2026, used cash in operations of $7,678, has reported a net loss of $15,972. These factors raise substantial doubt about our ability to continue as a going concern.

Our ability to continue as a going concern is dependent upon our generating profitable operations in the future and/or to obtain the necessary financing to meet our obligations and repay our liabilities arising from normal business operations when they come due. Our management intends to finance operating costs over the next twelve months with equity or debt financing, related party loans, and the sale of services. While we believe that we will be successful in obtaining the necessary financing and generating revenue to fund our operations, meet regulatory requirements, and achieve commercial goals, there are no assurances that such additional funding will be achieved and that we will succeed in our future operations.

NOTE 3. Summary of Significant Accounting Policies

Interim Financial Statements

The unaudited condensed interim financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States (“US GAAP”) for interim financial information and the instructions to Form 10-Q and Rule 8-03 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by US GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. The results of operations for such periods are not necessarily indicative of the results expected for a full year or for any future period. They do not include all of the information and footnotes required by US GAAP for complete financial statements. Therefore, these financial statements should be read in conjunction with the Company’s audited financial statements and notes for the year ended May 31, 2026.

Basis of Presentation

The Company uses the accrual basis of accounting and accounting principles. The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars. The financial statements and related disclosures have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). The Company has elected May 31st as its fiscal year end.

9

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Foreign Currency

The Company’s functional and reporting currency is the U.S. dollar. Transactions may occur in foreign currencies and management has adopted ASC 830, “Foreign Currency Translation Matters”. Monetary assets and liabilities denominated in foreign currencies are translated using the exchange rate prevailing at the balance sheet date. The Company is located in Montenegro. However, the Company's cash flows and expenses are primarily denominated in United States Dollars (USD) due to the nature of its operations. Accordingly, the Board of Directors has determined that USD is the Company's functional currency for the purposes of preparing the financial statements. For realized gains and losses: these are reported in the income statement, typically as a separate line item or combined with other income or expense items. For the three months ended August 31, 2026 and 2025, we didn’t recognize any foreign currency loss.

Transaction gains or losses result from a change in exchange rates between the functional currency and the currency in which a foreign currency transaction is denominated. They represent an increase or decrease in both of the following:

- the actual functional currency cash flows realized upon settlement of foreign currency transactions

- the expected functional currency cash flows on unsettled foreign currency transactions 

Non-monetary assets and liabilities denominated in foreign currencies are translated at rates of exchange in effect at the date of the transaction. Average monthly rates are used to translate revenues and expenses. Gains and losses arising on translation or settlement of foreign currency denominated transactions or balances are included in the statement.

Revenue Recognition

The Company recognizes revenue in accordance with Accounting Standards Codification (“ASC”) 606, “Revenue from Contracts with Customers”. The core principle of ASC 606 is that an entity recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services.

An entity recognizes revenue in accordance with that core principle by applying the following steps: Step 1: Identify the contract(s) with a customer Step 2: Identify the performance obligations in the contract Step 3: Determine the transaction price Step 4: Allocate the transaction price to the performance obligations in the contract Step 5: Recognize revenue when (or as) the entity satisfies a performance obligation.

 10 

We generate revenue through the sale of pricing plans for our cloud rendering services. To select the pricing plan that best fits client’s requirements, they are required to contact our team to subscribe and submit their project. This allows us to choose the right pricing plan according to their project and the cloud rendering power needed. When estimating a project, we assess the required number of hours and capacity necessary to fulfill the client's needs. The pricing plans may vary depending on the number of video cards used to produce power (10, 25 and 40 video cards), as well as the time needed for rendering with a minimum option of 5 hours.

Clients can contact us using the information provided in the "Contacts" section on our website (https://global-smart.tech/contacts/). After determining the project scope, the client proceeds with the payment. Upon receipt of payment, we recognize revenue for the portion of the service delivered. For projects spanning multiple billing cycles, we recognize revenue proportionally as the service is rendered. Any undelivered service obligations are reflected as deferred revenue on the balance sheet. This revenue stream will be a key driver of our financial growth and sustainability for the foreseeable future.

During the three months ended August 31, 2026 and 2025 the Company recorded revenue of $27,482 and $14,803, respectively. Accounts receivable was $0 as of August 31, 2026 and May 31, 2026. Deferred revenue was $23,500 and $0, as of August 31, 2026 and May 31, 2026, respectively.

Fixed Assets

Fixed assets are stated at cost and the Company records depreciation using the straight-line method over the assets estimated useful life. Expenditures for maintenance and repairs are charged to expense as incurred. Additions, major renewals and replacements that increase the property's useful life are capitalized. Property sold or retired, together with the related accumulated depreciation is removed from the appropriate accounts and the resultant gain or loss is included in net income.

Fixed asset amounts are as follows:

		Website Development			Equipment		Total
Estimated Useful Life (Years)		5			5
Total Cost of the Asset	$	7,000	$		363,988	$	370,988
Accumulated Depreciation at August 31, 2026		(5,600)			(268,469)		(274,069)
Net Book Value at August 31, 2026	$	1,400	$		95,519	$	96,919
Depreciation Expense for three months ended August 31, 2026	$	350	$		18,199	$	18,549
Depreciation Expense for three months ended August 31, 2025	$	350	$		18,199	$	18,549

As of November 30, 2022, the Company had begun acquiring equipment for use in its operations. Subsequent to November 30, 2022, the Company entered into a number of agreements for the purchase of additional equipment. The aggregate cost of the equipment acquired under these agreements was $363,988, as reflected in the table above. Portions of the equipment were placed in service at various times, with installation and activation of all equipment completed on November 11, 2023. Website development costs totaled $7,000, and the website was placed in service on August 29, 2022.

11

Impairment of Long-Lived Assets

In accordance with ASC 360-10 the Company periodically reviews the carrying value of its long-lived assets held and used at least annually or when events and circumstances warrant such a review. If significant events or changes in circumstances indicate that the carrying value of an asset or asset group may not be recoverable, the Company performs a test of recoverability by comparing the carrying value of the asset to its undiscounted expected future cash flows. If the carrying values are in excess of undiscounted expected future cash flows, we measure any impairment by comparing the fair value of the asset to its carrying value. If the fair value of an asset is determined to be less than the carrying amount of the asset, impairment in the amount of the difference is recorded. The Company recorded no impairment during the three months ended August 31, 2026 and 2025.

Cash and Cash Equivalents

The Company considers all highly liquid investments with remaining maturities at the date of purchase of three months or less to be cash equivalents. As of August 31, 2026 and May 31, 2026, the Company had no cash equivalents.

Advertising and Marketing Costs

Advertising and marketing costs are expensed as incurred. During the three months ended August 31, 2026 and 2025, the Company incurred advertising and marketing costs of $5,460 and $0, respectively.

Fair Value of Financial Instruments

ASC 820 "Fair Value Measurements and Disclosures" establishes a three-tier fair value hierarchy, which prioritizes the inputs in measuring fair value. The hierarchy prioritizes the inputs into three levels based on the extent to which inputs used in measuring fair value are observable in the market.

These tiers include:

Level 1: defined as observable inputs such as quoted prices in active markets;

Level 2: defined as inputs other than quoted prices in active markets that are either directly or indirectly observable;

Level 3: defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions.

The carrying value of the Company's loan from related parties approximates fair value due to its short-term maturity.

Basic and Diluted Earnings (Loss) Per Share

The Company computes earnings (loss) per share in accordance with ASC 260-10-45 'Earnings per Share, which requires presentation of both basic and diluted earnings per share on the face of the statement of operations.

12

Basic earnings (loss) per share is computed by dividing net earnings (loss) available to common stockholders by the weighted average number of outstanding common shares during the period. Diluted earnings (loss) per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive earnings (loss) per share excludes all potential common shares if their effect is anti-dilutive. As of August 31, 2026 and 2025 the Company had no potential dilutive instruments, therefore basic and diluted earnings (loss) per share are equal.

Income Taxes

The Company accounts for income taxes under the asset and liability method, whereby deferred tax assets and liabilities are determined based on the difference between the financial statement and tax bases of assets and liabilities using the enacted tax rates in effect for the year in which the differences are expected to affect taxable income. A valuation allowance is established when necessary to reduce deferred tax assets to the amounts expected to be realized.

Segment Reporting

The Company operates as a single operating and reportable segment, providing cloud-rendering services. Our Chief Executive Officer is our Chief Operating Decision Maker (“CODM”) who evaluates and makes operating decisions about allocation resources considering our single geographical area and on a consolidated basis. Accordingly, the CODM considers revenue and operating expenses of our single operating segment as reported on the statement of operations and considers our current and total assets as recorded on the balance sheet. There are no additional expense or asset information that are supplemental to those disclosed on these financial statements that are regularly provided to the CODM.

Recent Accounting Pronouncements

In November 2024, the FASB issued ASU 2024-03, Income Statement – Reporting Comprehensive Income – Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses, which requires incremental disclosures about specific expense categories, including but not limited to, purchases of inventory, employee compensation, depreciation, amortization and selling expenses. The amendments are effective for fiscal years beginning after December 15, 2026, and for interim periods within fiscal years beginning after December 15, 2027. Early adoption is permitted and the amendments may be applied either prospectively or retrospectively. The Company is currently evaluating this ASU to determine its impact on the Company’s disclosures. The amendments only impact disclosures and are not expected to have an impact on the Company’s financial condition and results of operations.

The Company considers all new pronouncements and management has determined that there have been no other recently adopted or issued accounting standards that had or will have a material impact on its financial statements.

NOTE 4. Related Party Transaction

On May 30, 2022 the Company entered into a loan agreement with Yehor Rodin, the Company's officer and director, whereby Mr. Rodin agreed to loan up to $100,000 on an unsecured and interest-free basis. On October 7, 2022 the loan agreement was amended to increase the loan amount by $300,000, for a maximum loan amount of $400,000, and to change the maturity date to October 7, 2025. On April 8, 2024 the loan agreement was amended to increase the loan amount by $50,000, for a maximum loan amount of $450,000, and to change the maturity date to April 8, 2027. On September 2, 2024 the loan agreement was amended again to increase the loan amount by $100,000, for a maximum loan amount of $550,000.

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As of August 31, 2026 Mr. Rodin was owed $442,475 under the loan agreement. During the three months ended August 31, 2026 Mr. Rodin advanced $8,050 and no repayments were made.

NOTE 5. Common Stock

The Company has 75,000,000 common shares authorized with a par value of $0.001 per share.

During the three months ended August 31, 2026, the Company's Board of Directors formally accepted the surrender of 3,000,000 by Yehor Rodin, CEO, and authorized the instruction of the Company's transfer agent to cancel and retire the shares on the official books of the corporation. The 3,000,000 shares of common stock were surrendered by Yehor Rodin for zero consideration ($0.00), constituting a voluntary capital contribution to the issuer.

Upon completion of the cancellation, the 3,000,000 shares reverted to the status of authorized but unissued shares. Consequently, the Company’s total issued and outstanding shares of common stock decreased from 6,134,780 at May 31, 2026 to 3,134,780 at August 31, 2026. The transaction does not alter the total number of authorized shares of common stock of the Company.

NOTE 6. Subsequent Events

In accordance with SFAS 165 (ASC 855-10), the Company reviewed its activities subsequent to August 31, 2026 and through the date these financial statements were available to be issued, and has determined that it does not have any material subsequent events to disclose in these financial statements.

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

Business Overview

We are an emerging technology company incorporated under the laws of the state of Wyoming on April 15, 2022. We provide cloud rendering services, operating an advanced platform designed for 3D interior designers and visualization professionals. The platform leverages graphics processing units (“GPUs”) to support rendering workflows and improve processing efficiency. Our website is located at https://global-smart.tech.

Plan of Operations

The Company’s business model centers on cloud rendering services. The Company intends to support future revenue growth by increasing available rendering capacity, enhancing its platform’s functionality, and continuing to market its services to 3D interior designers, visualization professionals, and other potential users. As customer demand and platform utilization increase, the Company expects to generate additional revenue from the sale of rendering capacity. However, the Company’s ability to achieve sustained revenue growth and profitability will depend on customer adoption, operating costs, access to sufficient computing resources, and the availability of additional financing, if required.

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Monetization Strategy 

We generate revenue primarily through the sale of pricing plans for our cloud rendering services, which are provided through our online platform. Clients initiate a project request by contacting our team via the “Contacts” section of our website (https://global-smart.tech/contacts/). Following this initial contact, clients are required to submit a link to their project files stored in a cloud-based storage service.

Once the files are received, our specialists conduct a comprehensive evaluation of the project. This includes analyzing the file contents, assessing data volume, scene complexity, and necessary rendering parameters. Based on this assessment, we recommend the most suitable pricing plan that aligns with the project’s technical requirements and the client’s needs.

Our pricing plans vary based on the number of video cards (10, 25, or 40 GPUs) allocated to the rendering

process, as well as the estimated rendering time, which starts at a minimum of 5 hours. Upon acceptance of the quote, the client proceeds with payment. Following receipt of payment in full, the rendering process commences. The completed project is then delivered to the client via the email address provided in their initial request.

This consultative and tailored workflow enables us to efficiently allocate computing resources and deliver high-quality output while ensuring transparency in pricing and service terms.

Our primary target customers include 3D interior designers and visualizers in the design industry. We aim to offer a range of flexible and competitive pricing options to attract clients and maximize revenue potential. This revenue stream is a key driver of our financial growth and sustainability in the foreseeable future.

Marketing 

During the three months ended August 31, 2026, the Company incurred $5,460 in advertising and marketing costs. The Company intends to continue evaluating online marketing channels based on their cost, effectiveness and ability to generate customer demand.

Government Regulation

The Company will be required to comply with all regulations, rules, and directives of governmental authorities including the US Securities and Exchange Commission and agencies applicable to our business in any jurisdiction with which we would conduct activities. The Company does not believe that governmental regulations will have a material impact on the way we conduct our business.

As our business expands to include new uses or collection of data that are subject to privacy or security regulations, our compliance requirements and costs will increase, and we may be subject to increased regulatory scrutiny.

Employees

Global-Smart.Tech Inc. is a company with only one employee, Yehor Rodin, our President, CEO, Treasurer, Secretary, Director. We also have independent directors, Genismarlon Da Silva Nunes and Leonel Agustin Peleriti, who are not considered employees. The Company may consider hiring more employees if the need arises.

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Offices

The Company’s principal executive and administrative office is located at Kava b.b., 85320 Tivat, Montenegro. The equipment supporting the Company’s cloud-rendering operations is located separately at b.b Dajbabe, Podgorica 81000, Montenegro. This location houses the Company’s rendering equipment, including the GPUs and related hardware used to provide cloud-rendering services. Our telephone number is +12052165924.

Overview

The following discussion of our financial condition and results of operations should be read in conjunction with our audited financial statements as of May 31, 2026.

Results of Operations for the Three Months Ended August 31, 2026 and 2025

Revenue

For the three months ended August 31, 2026 and 2025, we generated total revenue of $27,482 and $14,803, respectively.

The increase in revenue in the current year was due to the general overall growth of the Company.

Operating Expenses

Total operating expenses for three months ended August 31, 2026 were $43,454. The operating expenses included general and administrative expenses $13,245, amortization expense of $18,549 and professional fees of $11,660.

Total operating expenses for three months ended August 31, 2025 were $61,479. The operating expenses included general and administrative expenses $11,840, amortization expense of $18,549 and professional fees of $31,090.

Total expenses decreased by $18,025, mostly explained by a decrease of $19,430 in professional fees due to the Company incurring one-time fees for DTC advisory costs in the prior year and no similar costs incurred in the current year.

Net Loss

Net loss for three months ended August 31, 2026 was $15,972.

Net loss for three months ended August 31, 2025 was $46,676.

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Liquidity and Capital Resources

As of August 31, 2026, our current assets were $43,308, we incurred operating losses of $15,972, accumulated a deficit of $390,345, and continue to use cash in operations. These factors raise substantial doubt about our ability to continue as a going concern. In the opinion of our management, additional funding is required to meet our development goals for the next twelve months. While there are currently no guarantees, we expect to be able to generate revenue primarily through the sale of pricing plans for our cloud rendering services.

We will require additional funds to implement our plans. These funds may be raised through equity financing, debt financing, or other sources, which may result in the dilution in the equity ownership of our shares. We will also need more funds if the operations of our cloud rendering platform cost more than we have budgeted and we will rely on related party loans, as needed. Our future depends upon our ability to obtain further financing, the successful operations of business, a successful marketing and promotion program, attraction, and, further in the future, achieving a profitable level of operations.

Operational Cash Flows

We had operating cash outflows of $7,678 for the three months ended August 31, 2026 and $23,945 for the three months ended August 31, 2025. The primary allocation of cash has been directed towards general working capital needs, reflecting the ongoing operational requirements of the business.

Investing Cash Flows

Our Company made no net investments during the three-month periods ending ended August 31, 2026 and August 31, 2025.

Financing Cash Flows

Net cash provided by financing activities during the three months ended August 31, 2026 and 2025 was $8,050 and $11,513, respectively. During the three months ended August 31, 2026, Mr. Rodin advanced $8,050 to pay for Company expenses compared to $4,310 during the three months ended August 31, 2025. During the three months ended August 31, 2026, we did not receive any proceeds from the sale of common stock, compared to $7,203 received during the three months ended August 31, 2025.

Item 3. Quantitative and Qualitative Disclosures About Market Risk

None

Item 4. Controls and Procedures

Evaluation of Disclosure Controls and Procedures

Our management is responsible for establishing and maintaining a system of disclosure controls and procedures (as defined in Rule 13a-15(e) and 15d-15(e) under the Exchange Act) that is designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the Commission’s rules and forms.

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Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by an issuer in the reports that it files or submits under the Exchange Act is accumulated and communicated to the issuer’s management, including its principal executive officer or officers and principal financial officer or officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.

An evaluation was conducted under the supervision and with the participation of our management of the effectiveness of the design and operation of our disclosure controls and procedures as of August 31, 2026. Based on that evaluation, our management concluded that our disclosure controls and procedures were not effective as of such date to ensure that information required to be disclosed in the reports that we file or submit under the Exchange Act, is recorded, processed, summarized and reported within the time periods specified in SEC rules and forms.

Changes in Internal Control over Financial Reporting

During the three months ended August 31, 2026 there were no changes in our system of internal controls over financial reporting.

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PART II. OTHER INFORMATION

ITEM 1. LEGAL PROCEEDING

From time to time, we may become involved in various lawsuits and legal proceedings which arise in the ordinary course of business. We are currently not aware of any such legal proceedings or claims that we believe will have, individually or in the aggregate, a material adverse effect on our business, financial condition or operating results.

ITEM 1A. RISK FACTORS

None

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

None

ITEM 3. DEFAULTS UPON SENIOR SECURITES

None

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITIES HOLDERS.

None

ITEM 5. OTHER INFORMATION

None

ITEM 6. EXHIBITS

The following exhibits are included as part of this report by reference:

31.1		Certification of the Principal Executive Officer and Principal Financial Officer pursuant to Rule 13a-14(a) under the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32.1		Certification of the Principal Executive Officer and Principal Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

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SIGNATURES 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this quarterly report to be signed on its behalf by the undersigned, there unto duly authorized on October 9, 2026.

Global-Smart.Tech Inc.

By: /s/ Yehor Rodin

Yehor Rodin,

President, Secretary,

Treasurer, Director

(Principal Executive, Financial and Accounting Officer)

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