# EDGAR Filing Document

**Accession Number:** 0001145604
**File Stem:** 0001826466-26-000026
**Filing Date:** 2026-3
**Character Count:** 101495
**Document Hash:** 48a82025df11c016e21709c94c4390b7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001826466-26-000026.hdr.sgml**: 20260325

**ACCESSION NUMBER**: 0001826466-26-000026

**CONFORMED SUBMISSION TYPE**: 10-K

**PUBLIC DOCUMENT COUNT**: 51

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260325

**DATE AS OF CHANGE**: 20260325

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NIKA PHARMACEUTICALS, INC
- **CENTRAL INDEX KEY:** 0001145604
- **STANDARD INDUSTRIAL CLASSIFICATION:** PHARMACEUTICAL PREPARATIONS [2834]
- **ORGANIZATION NAME:** 03 Life Sciences
- **EIN:** 900292940
- **STATE OF INCORPORATION:** CO
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 10-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-56234
- **FILM NUMBER:** 26792205

**BUSINESS ADDRESS:**
- **STREET 1:** 2269 MERRIMACK VALLEY AVENUE
- **CITY:** HENDERSON
- **STATE:** NV
- **ZIP:** 89044
- **BUSINESS PHONE:** 7023263615

**MAIL ADDRESS:**
- **STREET 1:** 2269 MERRIMACK VALLEY AVENUE
- **CITY:** HENDERSON
- **STATE:** NV
- **ZIP:** 89044

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CENTENNIAL GROWTH EQUITIES INC
- **DATE OF NAME CHANGE:** 20010724

?xml version='1.0' encoding='ASCII'? NIKA PHARMACEUTICALS, INC.: FORM 10-K - Filed by EDGARhub LLC

------

**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

**Washington, D.C. 20549** 

**FORM 10-K**

(Mark One)

☒ **ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934** 

**For the fiscal year Ended December 31, 2025** 

**OR** 

☐ **TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934** 

**For the transition period from ____________to ____________** 

**Commission File No.: 000-56234**

**NIKA PHARMACEUTICALS, INC.** (Exact name of the small business issuer as specified in its charter)

---

| | |
|:---|:---|
| **colorado** | 90-0292940 |
| *(State or Other Jurisdiction of* | *(I.R.S. Employer* |
| *Incorporation or Organization)* | *Identification No.)* |

---

<u>2269 Merrimack Valley Avenue, Henderson, NV 89044</u> *(Address of principal executive offices)* 

<u>(702)-326-3615</u> *(Registrant's telephone number, including area code)* 

(Former name, former address and former fiscal year, if changed since last report)

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.

Yes ☐&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; No ☒

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.

Yes ☐&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; No ☒

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 ☒&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 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 during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).

Yes ☒&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth 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 ☐ <br> Non-accelerated filer ☒ Smaller reporting company ☒ <br> Emerging growth company ☒

------

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 has filed a report on and attestation to its management's assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. ☐

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

Yes ☐&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; No ☒

State the aggregate market value of the voting and non-voting common equity held by non-affiliates on the last business day of the registrant's most recently completed second fiscal quarter. N/A

Since December 9, 2024, Company's common stock is listed on OTCQB under the symbol NIKA.

As of December 31, 2025, there were 1,047,549,224 shares of the issuer's common stock outstanding.

As of March 9, 2026, the total outstanding common stock are 1,047,549,224

------

**<u>**TABLE OF CONTENTS**</u>**

---

| | | |
|:---|:---|:---|
|  |  | Page |
|  | [**PART I**](#page_4) |  |
| [Item 1.](#page_4) | [Business](#page_4) | [4](#page_4) |
| [Item 1A.](#page_5) | [Risk Factors](#page_5) | [5](#page_5) |
| [Item 1B.](#page_5) | [Unresolved Staff Comments](#page_5) | [5](#page_5) |
| [Item 1C.](#page_5) | [Cybersecurity](#page_5) | [5](#page_5) |
| [Item 2.](#page_5) | [Properties](#page_5) | [5](#page_5) |
| [Item 3.](#page_5) | [Legal Proceedings](#page_5) | [5](#page_5) |
| [Item 4.](#page_5) | [Mine Safety Disclosures](#page_5) | [5](#page_5) |
|  | [**PART II**](#page_6) | [6](#page_6) |
| [Item 5.](#page_6) | [Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities](#page_6) | [6](#page_6) |
| [Item 6.](#page_6) | [\[Reserved\]](#page_6) | [6](#page_6) |
| [Item 7.](#page_6) | [Management's Discussion and Analysis of Financial Condition and Results of Operation](#page_6) | [6](#page_6) |
| [Item 7A.](#page_8) | [Quantitative and Qualitative Disclosure About Market Risk](#page_8) | [8](#page_8) |
| [Item 8.](#page_8) | [Financial Statements and Supplementary Data](#page_8) | [8](#page_8) |
| [Item 9.](#page_19) | [Changes in and Disagreements with Accountants on Accounting and Financial Disclosure](#page_19) | [19](#page_19) |
| [Item 9A.](#page_19) | [Controls and Procedures](#page_19) | [19](#page_19) |
| [Item 9B.](#page_20) | [Other Information](#page_20) | [20](#page_20) |
| [Item 9C.](#page_20) | [Disclosure Regarding Foreign Jurisdictions that Prevent Inspections.](#page_20) | [20](#page_20) |
|  | [**PART III**](#page_21) | [21](#page_21) |
| [Item 10.](#page_21) | [Directors, Executive Officers and Corporate Governance](#page_21) | [21](#page_21) |
| [Item 11.](#page_22) | [Executive Compensation](#page_22) | [22](#page_22) |
| [Item 12.](#page_24) | [Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters](#page_24) | [24](#page_24) |
| [Item 13.](#page_24) | [Certain Relationships and Related Transactions, and Director Independence](#page_24) | [24](#page_24) |
| [Item 14.](#page_25) | [Principal Accountant Fees and Services](#page_25) | [25](#page_25) |
|  | [**PART IV**](#page_26) | [26](#page_26) |
| [Item 15.](#page_26) | [Exhibits and Financial Statement Schedules](#page_26) | [26](#page_26) |
| [Item 16](#page_26) | [Form 10-K Summary](#page_26) | [26](#page_26) |
|  | [Signatures](#page_27) | [27](#page_27) |

---

------

**PART I**

**<u>ITEM 1. BUSINESS</u>**

***Forward-Looking Statements***

Unless the context indicates otherwise, as used in this Annual Report, the terms "Nika," "we," "us," "our," "our company" and "our business" refer, to Nika Pharmaceuticals, Inc.., including its subsidiaries. Certain statements, other than purely historical information, including estimates, projections, statements relating to our business plans, objectives, and expected operating results, and the assumptions upon which those statements are based, are "forward-looking statements." These forward-looking statements generally are identified by the words "believes," "project," "expects," "anticipates," "estimates," "intends," "strategy," "plan," "may," "will," "would," "will be," "will continue," "will likely result," and similar expressions. Forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties which may cause actual results to differ materially from the forward-looking statements. Our ability to predict results or the actual effect of future plans or strategies is inherently uncertain. Factors which could have a material adverse effect on our operations and future prospects include, but are not limited to: changes in economic conditions, legislative/regulatory changes, availability of capital, interest rates, competition, and generally accepted accounting principles. These risks and uncertainties should also be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements.

**Business Overview**

Nika Pharmaceuticals, Inc. was incorporated in the State of Colorado on June 6, 2000. Pursuant to the terms of a stock purchase agreement resulting in a change of control the Company is changing its business to focus on the following.

On April 7, 2022, the Company signed with "VITAL FE" Joint Stock Company ("VITAL") an Exclusive Rights Agreement for a term of 15 years for the production and distribution of Thymus Nuclear Glycoprotein ("TNG"). VITAL holds the technology to manufacture TNG and the intellectual property for Phase III Clinical Trial on TNG, started in 1997 and completed in 1998 in Infectious Diseases Hospital, Sofia on 20 patients suffering from AIDS in the advanced stages of the disease. The results of the clinical trial show that TNG has a significant place in the treatment of HIV.

On April 7, 2022, signed with "MICAR 11" LTD. ("MICAR") an Exclusive Rights Agreement for a term of 15 years for the production and distribution of two dietary supplements, namely *Carotilen* and *Physiolong*. *Carotilen* is a dietary supplement in the form of soft gelatin capsules that improves and regulates the metabolism of the epithelial cells and protects them from degenerative alterations. It favorably affects embryonic development; the regulation of the growth and division of the cells; stimulates the growth of the bone tissue; favorably affects the function of the gonads; increases and maintains high level of the immune system. *Physiolong* is a dietary food supplement in the form of hard gelatin capsules, which serves as general stimulant for those in a period of convalescence, as well as in situations of high mental and physical loads, and for the recovery in sports.

On August 1, 2022, the Company signed a Joint Business Agreement with Immunotech Laboratories BG, Ltd. through which the two companies are combining their efforts to realize the registration, production and distribution of medicinal products based on the Inactivated Pepsin Fraction ("IPF") platform with U.S. Patents Nº 7,479,538, 7,625,565, 8,066,982, 8,067,531, 8,309,072. The duration of the agreement is for a period of 9 years and will be renewed automatically for another 9 years unless there are reasonable objections to the renewal by one of the parties.

On August 1, 2022, the Company signed a Cooperation Agreement with Nika BioTechnology, Inc. (OTCMKTS: NIKA) a Nevada Corporation. Pursuant to the agreement, 0ll development of the prescription drug TNG, the dietary supplements Physiolong and Carotilen, as well as any future acquired other patents for prescription drugs and dietary supplements, shall be jointly developed by the parties. The costs of production and distribution will be financed by both parties in equal parts. The net profit – after deduction of all expenses and taxes – will be distributed between the parties in equal parts. The agreement is for a period of 15 years.

On August 31, 2022, the company signed an Exclusive Rights Agreement with Dimitar Slavchev Savov through which Nika is appointed as an exclusive representative for the production and sale of additional 6 dietary supplements – Hypocholestin, Biodetoxin, Dry Boza, Fructin, Anthocylen C, Silymaron - within the territories of Europe, Asia, Africa, South America, North America and Australia.

On October 11, 2022, the Company acquired a 40% stake in Nika Europe, Ltd. through which the company will have a firm foothold on the markets of Europe, Asia, and Africa. Nika Europe is preparing the construction of a pharmaceutical factory that is comprised of different manufacturing facilities for the production of drugs in injection, tablet and other forms. The factory will have enough production capacity to secure the needs of Nika.

On January 25, 2024, the Company's common stock was listed on OTC Markets PINK under the symbol, NKPH, which was later voluntarily changed to NIKA effective May 6, 2024.

------

**Common Control Mergers** 

On February 12, 2024, the Company signed an Agreement and Plan of Merger (the "Merger") with Nika BioTechnology, Inc. (OTCMKTS: NIKA). Pursuant to the Merger agreement Nika BioTechnology, Inc., (the Target company), was merged with and into the Company, the separate corporate existence of the Target shall cease, and the Company shall continue as the surviving consolidated entity. Nika BioTechnology, Inc., owned a 40% stake in Nika Europe, Ltd, which was transferred to the Company pursuant to the merger terms effective April 12, 2024. Given that on October 11, 2022, the Company acquired a 40% stake in Nika Europe, Ltd., as of April 12, 2024, the Company has an 80% controlling interest in Nike Europe. The Company will issue the target 204,205,027 shares of common stock and 5,000,000 shares of Preferred stock in exchange for all of the issued and outstanding shares of both the preferred and common stock of the Target company.

The transaction was accounted for as a common control merger. As a result, the assets and liabilities assumed will be recorded on the Company's financial statements at their respective carry-over basis. Under ASC 805, "Business Combinations," the Company will record the common control merger as of the earliest date presented in the financial statements. Although the accounting is not yet complete, the results of operations of the business acquired by the Company have been included in the consolidated statements of operations since the date of acquisition. All amounts are considered provisional until a more thorough analysis of the acquisition can be completed.

On March 4, 2024, the Company amended its Articles of Incorporation, in which the authorized Preferred Stock was increased to 15,000,000 pursuant to the approved by the BOD and shareholders Plan and Merger Agreement.

On December 9, 2024, the Company's common stock was uplisted to OTCQB where it is currently trading.

**Implications of Being an Emerging Growth Company**

We qualify as an "emerging growth company" as defined under the Securities Act. As a result, we are permitted to, and intend to, rely on exemptions from certain disclosure requirements that are otherwise applicable to public companies. These provisions include, but are not limited to:

• not being required to comply with the auditor attestation
 requirements of Section 404 of the Sarbanes-Oxley Act of 2002, as amended
 (or the Sarbanes-Oxley Act);

• reduced disclosure obligations regarding executive
 compensation in our periodic reports, proxy statements and registration
 statements; and

• exemptions from the requirements of holding a nonbinding
 advisory vote on executive compensation and stockholder approval of any
 golden parachute payments not previously approved.

In addition, an emerging growth company can take advantage of an extended transition period for complying with new or revised accounting standards. This provision allows an emerging growth company to delay the adoption of some accounting standards until those standards would otherwise apply to private companies. We have elected to avail ourselves of this extended transition period. We will remain an emerging growth company until the earliest to occur of: (i) our reporting $1.07 billion or more in annual gross revenues; (ii) the end of fiscal year 2025; (iii) our issuance, in a three year period, of more than $1 billion in non-convertible debt; and (iv) the end of the fiscal year in which the market value of our common stock held by non-affiliates exceeded $700 million on the last business day of our second fiscal quarter.

**<u>ITEM 1A, RISK FACTORS</u>**

We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and, as such, are not required to provide the information under this Item.

**<u>ITEM 1B. UNRESOLVED STAFF COMMENTS</u>**

None

**<u>ITEM 1C. CYBERSECURITY AND INSIDER TRADING POLICIES AND PROCEDURES</u>** 

The Company does not have any processes for identifying and managing material risks from cybersecurity threats. The Company considers that at the current stages of its development and information systems there are no risks of cybersecurity incidents that have materially affected and are reasonably likely to materially affect the company, including its business strategy, results of operations, or financial condition.

Because the Company is not reasonably likely to be materially affected by cybersecurity threats at the current stages of its development, there are no particular director's oversight of risks from cybersecurity threats and management does not have an active role in assessing and managing the Company's material risks from cybersecurity threats.

Pursuant to Item 408(a) of Regulation S-K, the Company is required to disclose whether it has adopted insider trading policies and procedures governing the purchase, sale, and other dispositions of the Company's securities by its directors, officers, and employees.

Insider Trading Policy

As of December 31, 2025, the Company has not adopted formal written insider trading policies and procedures governing the purchase, sale, and other dispositions of its securities.

The Company currently operates with two executive officers, Mr. Dimitar Slavchev Savov, who serves as both Chief Executive Officer and Chief Financial Officer, and Mr. Clifford P. Redekop who serves as Corporate Secretary. Given this organizational structure and the Company's early stage of development, the Company has relied on the general requirement that all directors, officers, and employees comply with applicable federal securities laws, including Section 10(b) of the Securities Exchange Act of 1934, as amended, and Rule 10b-5 promulgated thereunder, which prohibit trading on the basis of material non-public information.

The Company recognizes that as it continues to grow and expand its operations and personnel, the adoption of formal written insider trading policies and procedures will become appropriate and necessary to provide clear guidance regarding trading restrictions, blackout periods, pre-clearance requirements, and disclosure obligations.

Rule 10b5-1 Trading Arrangements

During the fiscal year ended December 31, 2025, no director or officer of the Company:

Adopted any Rule 10b5-1 trading arrangement or non-Rule 10b5-1 trading arrangement (as such terms are defined in Item 408(a) of Regulation S-K); or

Terminated any Rule 10b5-1 trading arrangement or non-Rule 10b5-1 trading arrangement.

As of December 31, 2025, no director or officer of the Company has any Rule 10b5-1 trading arrangement or non-Rule 10b5-1 trading arrangement in effect.

**<u>ITEM 2. PROPERTIES</u>**

We do not currently own any property.

**<u>ITEM 3. LEGAL PROCEEDINGS</u>**

There are no material claims, actions, suits, proceedings, or investigations that are currently pending or, to the Company's knowledge, threatened by or against the Company or respecting its operations or assets, or by or against any of the Company's officers, directors, or affiliates.

**<u>ITEM 4. MINE SAFETY DISCLOSURES</u>**

Not applicable.

------

**Part II**

**<u>ITEM 5. MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS AND</u> <u>ISSUER</u> <u>PURCHASES OF EQUITY SECURITIES</u>**

**Market Information**

Our common stock is quoted under the symbol NIKA on the The Venture Market (f/k/a OTCQB) published by OTC Markets Group, Inc. ("OTCQB").

**Common Stock**

There are 2,700,000,000 shares of Common Stock, $0.0001 par value, authorized, with 1,047,549,224 shares issued and outstanding. The holders of Common Stock are entitled to one vote for each share held on all matters submitted to a vote of shareholders. The holders of Common Stock have no preemptive, subscription, redemption or conversion rights.

**Preferred Stock**

We have 15,000,000 shares of Preferred Stock, $0.0001 par value, authorized of which 15,000,000 are issued and outstanding. Each outstanding share of the series of Preferred Stock shall be entitled to one thousand (1,000) votes on each matter submitted to a vote. Shares of Preferred Stock shall, with respect to dividend rights, rights on redemption and rights on liquidation, winding up and dissolution, rank pari passu with all classes of Common Stock.

**Security Holders**

As of February 2, 2026, there were approximately 92 holders of record of our common stock, although we believe that there are other persons who are beneficial owners of our common stock held in street name. The transfer agent and registrar for our common stock is Securities Transfer Corporation, 2901 N Dallas Parkway, Suite 380, Plano, Texas 75093. Their telephone number is 469-633-0101.

**Dividend Policy**

We have never paid any cash dividends and intend, for the foreseeable future, to retain any future earnings for the development of our business. Our Board of Directors will determine our future dividend policy on the basis of various factors, including our results of operations, financial condition, capital requirements and investment opportunities.

**Recent Issuance of Unregistered Securities**

During the year ended December 31, 2025, pursuant to the terms of the Merger with Nika BioTechnology, Inc (Note 1), the Company issued 17,961,501 shares of common stock of the 204,205,027 shares to be issued.

On October 31, 2025, pursuant to a Services Agreement with AJO Capital Inc., the Company issued 200,000 shares of common stock as consideration for services outlined in the agreement.

**Securities Authorized for Issuance Under Equity Compensation Plans**

None.

**Item 6. [Reserved]**

**Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operation**

*The following discussion and analysis of our consolidated financial condition and results of operations for years ended December 31, 2025 and 2024 should be read in conjunction with the consolidated financial statements and notes related thereto included elsewhere in this report.*

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**<u>Results of Operations for the Year Ended December 31, 2025 compared to the Year Ended December 31, 2024</u>**

*<u>General and Administrative</u>* 

General and Administrative ("G&A") expenses have primarily consisted of costs related to transfer agent fees, website maintenance expenses, and fees. For the years ended December 31, 2025 and 2024 we had G&A expense of $53,026 and $35,174. An increase of $17,852 or 50.75% .

*<u>Professional fees</u>* 

Professional fees expenses have primarily consisted of costs related to filing the Form 10-K and Form 10-Qs for the Company, including audit, legal and accounting expense and filing fees. For the years ended December 31, 2025 we had expense of $23,372 and $60,618 for 2024. A decrease of $37,246 or 61.44% .

*<u>Net Loss</u>* 

During the year ended December 31, 2025, the Company incurred a net loss of $76,398, compared to a net loss of $95,792 during the year ended December 31, 2024.

**Liquidity and Capital Resources**

***Operating Activities***

Net cash used in operating activities was $79,654 during the year ended December 31, 2025, compared with $154,932 used in operating activities during the year ended December 31, 2024.

***Investing Activities***

We neither generated nor used cash in investing activities during the years ended December 31, 2025 and 2024.

***Financing Activities***

During the year ended December 31, 2025, we received $79,460 in loan proceeds from a related party. During the year ended December 31, 2024, we received $137,419 in loan proceeds from related parties.

***Off-Balance Sheet Arrangements***

We have not entered into any off-balance sheet arrangements.

***Going Concern***

We have not yet generated sustained profits from our operations. Our independent accountants have expressed a "going concern" opinion. As of December 31, 2025, we had an accumulated deficit of $9,004,009 and a net loss of $76,398 for the year ended December 31, 2025.

Management believes the Company will continue to incur losses and negative cash flows from operating activities for the foreseeable future and will need additional equity or debt financing to sustain its operations until it can achieve profitability and positive cash flows, if ever. Management plans to seek additional debt and/or equity financing for the Company but cannot assure that such financing will be available on acceptable terms.

Our current management has agreed to advance funds to the Company on an "as needed" basis. Should existing management, stockholders or our affiliates refuse to advance needed funds, however, we would be forced to turn to outside parties to either lend funds to us or buy our securities. There is no assurance that we will be able to raise the necessary funds, when needed, from outside sources.

------

The Company's continuation as a going concern is dependent upon its ability to ultimately attain profitable operations, generate sufficient cash flow to meet its obligations, and obtain additional financing as may be required. Our auditors have included a "going concern" qualification in their Report of Independent Certified Public Accountants accompanying our audited consolidated financial statements appearing elsewhere herein which cites substantial doubt about our ability to continue as a going concern. Such a "going concern" qualification may make it more difficult for us to raise funds when needed. The outcome of this uncertainty cannot be assured.

**<u>ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK</u>**

We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.

**<u>ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA</u>**

**NIKA PHARMACEUTICALS, INC.**

**TABLE OF CONTENTS**

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| | |
|:---|:---|
| [Report of Independent Registered Public Accounting Firm (Boladale Lawal & Co) PCAOB ID (6993)](#page_9) | [9](#page_9) |
| [Consolidated Balance Sheets as of December 31, 2025 and 2024](#page_10) | [10](#page_10) |
| [Consolidated Statements of Operations for the years ended December 31, 2025 and 2024](#page_11) | [11](#page_11) |
| [Consolidated Statement of Stockholders' Deficit for the years ended December 31, 2025 and 2024](#page_12) | [12](#page_12) |
| [Consolidated Statements of Cash Flows for the years ended December 31, 2025 and 2024](#page_13) | [13](#page_13) |
| [Notes to Consolidated Financial Statements](#page_14) | [14](#page_14) |

---

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**Report of Independent Registered Public Accounting Firm**

To the Board of Directors and Stockholders of

**NIKA PHARMACEUTICALS, INC.** 

<u>Opinion on the Financial Statements</u>

We have audited the accompanying consolidated balance sheets of Nika Pharmaceuticals, Inc (the 'Company') as of December 31, 2025 and 2024, and the related consolidated statements of operations and changes in stockholders' (deficit) and cash flows for each of the two years in the period ended December 31, 2025 and 2024, and the related notes (collectively referred to as the "financial statements").

In our opinion, the consolidated financial statements present fairly, in all material respects, the consolidated financial position of the Company as of December 31, 2025 and 2024, and the results of its operations and its cash flows for each of the two years in the period ended December 31, 2025 and 2024, in conformity with accounting principles generally accepted in the United States of America.

<u>Going Concern</u>

The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 3, the Company suffered an accumulated deficit of $(9,004,009), net loss of $(76,398) and a negative working capital of $(297,628). The Company is dependent on obtaining additional working capital funding from the sale of equity and/or debt securities to execute its plans and continue operations. These conditions raise substantial doubt about the Company's ability to continue as a going concern. These financial statements do not include any adjustments that might result from the outcome of this uncertainty.

<u>Basis for Opinion</u>

These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on the Company's financial statements based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) ("PCAOB") and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

<u>Critical Audit Matters</u>

Critical audit matters are matters arising from the current period audit of the financial statements that were communicated or required to be communicated to the audit committee and that: (1) relate to accounts or disclosures that are material to the financial statements and (2) involved our especially challenging, subjective, or complex judgments. Communication of critical audit matters does not alter in any way our opinion on the financial statements taken as a whole and we are not, by communicating the critical audit matters, providing separate opinions on the critical audit matter or on the accounts or disclosures to which they relate.

**Going Concern Uncertainty**

As described in Note 3 to the consolidated financial statements, the Company did not generate any income, has significant operating losses, accumulated deficit and a working capital deficiency. The ability of the Company to continue as a going concern is dependent on obtaining additional working capital funding from the sale of equity and/or debt securities to execute its plans and continue operations. These conditions raise substantial doubt about the Company's ability to continue as a going concern.

**The procedures performed to address the matter included.** 

• We inquired of executive officers, and key members of
 management, of the Company regarding factors that would have an impact on
 the Company's ability to continue as a going concern,

• We evaluated management's plan for addressing the adverse
 effects of the conditions identified, including assessing the
 reasonableness of forecasted information and underlying assumptions by
 comparing to actual results of prior periods and actual results achieved
 to date, and utilizing our knowledge of the entity, its business and
 management in considering liquidity needs and the Company's ability to
 generate sufficient cash flow,

• We assessed the possibility of raising
 additional debt or credit from the related party.

• We evaluated the completeness and accuracy of
 disclosures in the consolidated financial statements.

/S/ Boladale Lawal

**BOLADALE LAWAL & CO.** 

**(Chartered Accountants)**

**(PCAOB ID 6993)**

Lagos, Nigeria

We have served as the Company's auditor since 2025.

March 24, 2026

------

---

| |
|:---|
| **NIKA PHARMACEUTICALS, INC.** |
| **CONSOLIDATED BALANCE SHEETS** |

---

---

| | | |
|:---|:---|:---|
|  | December 31, 2025 | December 31, 2024 |
| **<u>ASSETS</u>** |  |  |
| Current Assets: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Cash | $1889 | $2083 |
| &nbsp;&nbsp;&nbsp;&nbsp;Prepaid expenses | 19107 | 15851 |
| Total current assets | 20996 | 17934 |
| Total Assets | $20996 | $17934 |
| **<u>LIABILITIES AND STOCKHOLDERS' DEFICIT</u>** |  |  |
| Current Liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Due to related party | $318624 | $239164 |
| Total Current Liabilities | 318624 | 239164 |
| Total Liabilities | 318624 | 239164 |
| Commitments and contingencies |  |  |
| <u>Stockholders' Deficit:</u> |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Preferred Stock; par value $0.0001; 15,000,000 <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; shares authorized; 15,000,000 shares <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; issued and outstanding | 1500 | 1500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common Stock; par value $0.0001; 2,700,000,000 <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; shares authorized; 1,047,549,224 shares <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; issued and outstanding | 104756 | 102168 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Additional paid-in capital | 8600125 | 8602714 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulated deficit | (9004009) | (8927612) |
| Total Stockholders' Deficit | (297628) | (221230) |
| Total Liabilities and Stockholders' Deficit | $20996 | $17934 |

---

*The accompanying notes are an integral part of these consolidated financial statements.* 

------

---

| |
|:---|
| **NIKA PHARMACEUTICALS, INC.** |
| **CONSOLIDATED STATEMENTS OF OPERATIONS** |

---

---

| | | |
|:---|:---|:---|
|  | For the Years Ended | For the Years Ended |
|  | December 31, | December 31, |
|  | 2025 | 2024 |
| Operating Expenses: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;General and administrative | $53026 | $35174 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Professional fees | 23372 | 60618 |
| Total operating expenses | 76398 | 95792 |
| Loss from operations | (76398) | (95792) |
| Loss before provision for income taxes | (76398) | (95792) |
| Provision for income taxes |  |  |
| Net Loss | $(76398) | $(95792) |
| Loss per share, basic and diluted | $(0.00) | $(0.00) |
| Weighted average common shares outstanding, <br>basic and diluted | 1047549224 | 1021674500 |

---

*The accompanying notes are an integral part of these consolidated financstatementsial .* 

------

---

| |
|:---|
| **NIKA PHARMACEUTICALS, INC.** |
| **CONSOLIDATED STATEMENT OF STOCKHOLDERS' DEFICIT** |
| **FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Preferred Stock | Preferred Stock | Common Stock | Common Stock | | | |
|  | Shares | Amount | Shares | Amount | <br>Additional Paid<br>in Capital | <br>Accumulated<br>Deficit | Total<br>Stockholders'<br>Equity |
| Balance, December 31, 2023 | 10000000 | $1000 | 876090000 | $87609 | $3229489 | $(3400247) | $(82149) |
| Common control merger | 5000000 | 500 | 145584500 | 14558 | 5373225 | (5431573) | (43289) |
| Net loss |  |  |  |  |  | (95792) | (95792) |
| Balance, December 31, 2024 | 15000000 | $1500 | 1021674500 | $102168 | $8602714 | $(8927612) | $(221230) |
| Common control merger |  |  | 25874724 | 2588 | (2588) |  |  |
| Net loss |  |  |  |  |  | (76398) | (76398) |
| Balance, December 31, 2025 | 15000000 | $1500 | 1047549224 | $104756 | $8600125 | $(9004009) | $(297628) |

---

*The accompanying notes are an integral part of these consolidated financial statements.* 

------

---

| |
|:---|
| **NIKA PHARMACEUTICALS, INC.** |
| **CONSOLIDATED STATEMENTS OF CASH FLOWS** |

---

---

| | | |
|:---|:---|:---|
|  | For the Years Ended | For the Years Ended |
|  | December 31, | December 31, |
|  | 2025 | 2024 |
| Cash flows from operating activities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Loss | $(76398) | $(95792) |
| &nbsp;&nbsp;&nbsp;&nbsp;Adjustments to reconcile net loss to net cash used in operating activities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net change in prepaid expenses | (3256) | (15851) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Common control merger |  | (43289) |
| Net cash used in operating activities | (79654) | (154932) |
| Cash flows from investing activities: |  |  |
| Cash flows from financing activities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loans from related party | 79460 | 137419 |
| Net cash provided by financing activities | 79460 | 137419 |
| Net change in cash | (194) | (17513) |
| Cash, beginning of year | 2083 | 19596 |
| Cash, end of year | $1889 | $2083 |
| Supplemental disclosure of cash flow information: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cash paid for taxes | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cash paid for interest | $— | $— |
| Supplemental disclosure of non-cash investing and financing activity: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Forgiveness of related party debt | $— | $— |

---

*The accompanying notes are an integral part of these consolidated financial statements.*

------

**NIKA PHARMACEUTICALS, INC.**

 **NOTES TO CONSOLIDATED FINANCIAL STATEMENTS** 

 **DECEMBER 31, 2025** 

**NOTE 1 – ORGANIZATION AND OPERATIONS** 

Nika Pharmaceuticals, Inc. (the "Company" "Nika"), was incorporated in the State of Colorado on June 8, 2000.

On February 19, 2020, the Company created a subsidiary, Venture Growth Equities, Inc., a Colorado corporation, of which 100 shares of common stock was issued to the Company, making it a wholly owned subsidiary of the Company. There has been no activity in the subsidiary.

On February 28, 2020, the Company created a subsidiary, Centennial Ventures, Inc., a Colorado corporation, of which 100 shares of common stock was issued to the Company., making it a wholly owned subsidiary of the Company. There has been no activity in the subsidiary.

Mr. Ray was appointed as a Director, CEO, CFO, Secretary and Treasurer of the Company and Mrs. A. Terry Ray, the wife of Mr. Ray, was appointed as a Director of the Company.

On January 6, 2022, Venture Growth Equities, Inc, was spun out and signed over to Mr. Ray, thus no longer making it a subsidiary of the Company.

As a result of the purchase by Dimitar Slavchev Savov of a total of 11,489,000 (87%) shares of common stock of the Corporation from Mr. Ray and other shareholders, a change in control of the Company occurred as of April 1, 2022.

Effective as of March 31, 2022, the board of directors appointed Dimitar Slavchev Savov, and Clifford Redekop to serve as the Registrant's Directors.

On March 31, 2022, Mr. Phil E. Ray resigned his position as a Director, President and Chief Executive Officer of the Company.

On March 31, 2022, Mrs. A. Terry. Ray resigned her position as a Director and Secretary of the Company.

On April 1, 2022, the board of directors accepted the resignations of Mr. Phil E. Ray and Mrs. A. Terry Ray and appointed Dimitar Slavchev Savov to serve as President, CEO, CFO and Clifford Redekop to serve as Secretary of the Corporation.

As of April 11, 2022, due to the acquisitions of Exclusive Rights Agreements (Note 5) and the updated business scope, the Company is no longer designated as a shell company.

On May 17, 2022, the Company files Amended and Restated Articles of Incorporation changing the name of the Company from Centennial Growth Equities, Inc to Nika Pharmaceuticals, Inc.

On October 11, 2022, the Company acquired a 40% stake in Nika Europe, Ltd. through which the company will have a firm foothold on the markets of Europe, Asia, and Africa. Nika Europe is preparing the construction of a pharmaceutical factory that is comprised of different manufacturing facilities for the production of drugs in injection, tablet and other forms.

On January 25, 2024, the Company's common stock was listed on OTC Markets PINK under the symbol, NKPH, which was later voluntarily changed to NIKA effective May 6, 2024.

Common Control Mergers

On February 12, 2024, the Company signed an Agreement and Plan of Merger (the "Merger") with Nika BioTechnology, Inc. (OTCMKTS: NIKA). Pursuant to the Merger agreement Nika BioTechnology, Inc., (the Target company), was merged with and into the Company, the separate corporate existence of the Target shall cease, and the Company shall continue as the surviving consolidated entity. Nika BioTechnology, Inc., owned a 40% stake in Nika Europe, Ltd, which was transferred to the Company pursuant to the merger terms effective April 12, 2024. Given that on October 11, 2022, the Company acquired a 40% stake in Nika Europe, Ltd., as of April 12, 2024, the Company has an 80% controlling interest in Nike Europe. The Company will issue the target 204,205,027 shares of common stock and 5,000,000 shares of Preferred stock in exchange for all of the issued and outstanding shares of both the preferred and common stock of the Target company.

The transaction was accounted for as a common control merger. As a result, the assets and liabilities assumed will be recorded on the Company's financial statements at their respective carry-over basis. Under ASC 805, "Business Combinations," the Company will record the common control merger as of the earliest date presented in the financial statements. Although the accounting is not yet complete, the results of operations of the business acquired by the Company have been included in the consolidated statements of operations since the date of acquisition. All amounts are considered provisional until a more thorough analysis of the acquisition can be completed.

On March 4, 2024, the Company amended its Articles of Incorporation, in which the authorized Preferred Stock was increased to 15,000,000 pursuant to the approved by the BOD and shareholders Plan and Merger Agreement.

On December 9, 2024, the Company's common stock was uplisted to OTCQB where it is currently trading.

**NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES** 

*<u>Basis of Presentation</u>* 

The Company's audited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP").

*<u>Use of Estimates</u>* 

The preparation of financial statements in conformity with generally accepted accounting principles 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 amounts of revenues and expenses during the reporting period. Actual results may differ from those estimates.

------

*<u>Concentrations of Credit Risk</u>*

We maintain our cash in bank deposit accounts, the balances of which at times may exceed federally insured limits. We continually monitor our banking relationships and consequently have not experienced any losses in our accounts. We believe we are not exposed to any significant credit risk on cash.

*<u>Cash and Cash Equivalents</u>* 

For purposes of the statement of cash flows, the Company considers all highly liquid instruments purchased with an original maturity of three months or less to be cash equivalents. As of December 31, 2025 and 2024, the Company had no cash equivalents.

*<u>Principles of Consolidation</u>*

The consolidated financial statements include the accounts of the Company and its wholly owned subsidiary, Centennial Ventures, Inc. There has been no activity in either subsidiary as of December 31, 2025.

*<u>Fair Value of Financial Instruments</u>*

The Company follows paragraph 825-10-50-10 of the FASB Accounting Standards Codification for disclosures about fair value of its financial instruments and paragraph 820-10-35-37 of the FASB Accounting Standards Codification ("Paragraph 820-10-35-37") to measure the fair value of its financial instruments. Paragraph 820-10-35-37 establishes a framework for measuring fair value in accordance with U.S. GAAP and expands disclosures about fair value measurements. To increase consistency and comparability in fair value measurements and related disclosures, Paragraph 820-10-35-37 establishes a fair value hierarchy which prioritizes the inputs to valuation techniques, used to measure fair value into three (3) broad levels. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The three (3) levels of fair value hierarchy defined by Paragraph 820-10-35-37 are described below.

---

| | |
|:---|:---|
| Level 1: | Quoted market prices available in active markets for identical assets or liabilities as of the reporting date. |
| Level 2:  | Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date.  |
| Level 3: | Pricing inputs that are generally unobservable inputs and not corroborated by market data. |

---

*<u>Income Taxes</u>*

The Company follows Section 740-10-30 of the FASB Accounting Standards Codification, which requires recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements or tax returns. Under this method, deferred tax assets and liabilities are based on the differences between the financial statement and tax bases of assets and liabilities using enacted tax rates in effect for the fiscal year in which the differences are expected to reverse. Deferred tax assets are reduced by a valuation allowance to the extent management concludes it is more likely than not that the assets will not be realized. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the fiscal years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the Statements of Income in the period that includes the enactment date.

The Company follows section 740-10-25 of the FASB Accounting Standards Codification ("Section 740-10-25") with regards to uncertainty income taxes. Section 740-10-25 addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under Section 740-10-25, the Company may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position should be measured based on the largest benefit that has a greater than fifty percent (50%) likelihood of being realized upon ultimate settlement. Section 740-10-25 also provides guidance on de-recognition, classification, interest and penalties on income taxes, accounting in interim periods and requires increased disclosures. The Company had no material adjustments to its liabilities for unrecognized income tax benefits according to the provisions of Section 740-10-25.

*<u>Stock-Based Compensation</u>*

We account for equity-based transactions with employees and non-employees under the provisions of *FASB ASC Topic 718, "Compensation – Stock Compensation" (Topic 718)*, which establishes that equity-based payments to employees and non-employees are recorded at the grant date the fair value of the equity instruments the entity is obligated to issue when the employees and non-employees have rendered the requisite service and satisfied any other conditions necessary to earn the right to benefit from the instruments. Topic 718 also states that observable market prices of identical or similar equity or liability instruments in active markets are the best evidence of fair value and, if available, should be used as the basis for the measurement for equity and liability instruments awarded in these share-based payment transactions. However, if observable market prices of identical or similar equity or liability instruments are not available, the fair value shall be estimated by using a valuation technique or model that complies with the measurement objective, as described in FASB ASC Topic 718.

------

*<u>Net Income (Loss)Per Common Share</u>*

Net income (loss) per common share is computed pursuant to section 260-10-45 of the FASB Accounting Standards Codification. Basic net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period. Diluted net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock including all potentially outstanding shares of common stock during the period, unless the effect is anti-dilutive. There are no potentially dilutive shares as of December 31, 2025 or 2024.

*<u>Recent Accounting Pronouncements</u>*

The Company has implemented all new applicable accounting pronouncements that are in effect and applicable. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

*<u>Prepaid Expenses</u>* 

The Company records payments made in advance for goods and services as prepaid expenses in accordance with the Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 340, "Other Assets and Deferred Costs." Prepaid expenses primarily consist of payments for website services and fees, which provide future economic benefits.

Prepaid expenses are initially recorded at cost and amortized over the applicable benefit period on a straight-line basis. The amortization of prepaid expenses is recognized as an expense in the statement of operations over the period in which the related benefits are realized.

The Company evaluates prepaid expenses for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. If an impairment is identified, the carrying value of the prepaid expense is adjusted accordingly.

Significant judgments and estimates may be involved in determining the amortization period, particularly when contracts do not explicitly define the service period. The Company reassesses its prepaid balances periodically to ensure proper matching of expenses with the periods benefited.

**NOTE 3 - GOING CONCERN**

As reflected in the consolidated financial statements, the Company has an accumulated deficit of $9,004,009 as of December 31, 2025 and has generated no income to date. These factors raise substantial doubt about its ability to continue as a going concern. The consolidated financial statements have been prepared assuming that the Company will continue as a going concern. The Company may raise additional capital through the sale of its equity securities, through offerings of debt securities, or through borrowings from financial institutions. These consolidated financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

**NOTE 4 – RELATED PARTY TRANSACTIONS** 

During the year ended December 31, 2025, Nika Europe LTD, advanced the Company $79,460, to pay for general operating expenses. Nika Europe LTD is incorporated in Bulgaria with UIC: 206925008, the ownership of the company is divided by CEO Dimitar Slavchev Savov, Nika Pharmaceuticals, Inc. and Nika Pharmaceuticals Ltd. Dimitar Savov and Nika Pharmaceuticals, Inc. are holding below 1% of the shares of the company. Dimitar Savov is the general manager of Nika Europe. As of December 31, 2025, the total amount due to Nika Europe LTD is $79,460. The advance in non-interest bearing and due on demand.

During the year ended December 31, 2024, Dimitar Slavchev Savov, CEO, advanced the Company $103,419 to pay for general operating expenses. As of December 31, 2025, the total amount due to Mr. Savov is $205,164. The advance in non-interest bearing and due on demand.

During the year ended December 31, 2024, Nika Pharmaceuticals LTD, advanced the Company $34,000, to pay for general operating expenses. Nika Pharmaceuticals LTD is incorporated in Bulgaria with UIC: 175420503 and is wholly-owned and managed by CEO Dimitar Slavchev Savov. As of December 31, 2025, the total amount due to Nika Pharmaceuticals LTD is $34,000. The advance in non-interest bearing and due on demand.

------

**NOTE 5 - COMMON STOCK** 

During the year ended December 31, 2025, pursuant to the terms of the Merger with Nika BioTechnology, Inc (Note 1), the Company issued 145,584,500 shares of common stock of the 204,205,027 shares to be issued.

During the year ended December 31, 2025, upon reconciliation of the DTC FAST balance transferred from Nika BioTechnology, Inc. pursuant to the Agreement and Plan of Merger dated February 12, 2024, the Transfer Agent of the Company identified and recorded 7,713,223 shares of common stock that had been reflected in the DTC system effective March 21, 2024, but had not been recorded in the Company's shareholder records. These shares were recorded in the Company's transaction journal and shareholder list during the year ended December 31, 2025 to reflect the appropriate balance as of the appropriate date.

During the year ended December 31, 2025, pursuant to the terms of the Merger with Nika BioTechnology, Inc (Note 1), the Company issued 17,961,501 shares of common stock of the 204,205,027 shares to be issued. As of December 31, 2025, the total shares of common stock issued pursuant to the terms of the Merger with Nika BioTechnology, Inc. (Note 1) is 171,259,224 shares of common stock out of 204,205,027 to be issued.

On October 31, 2025, pursuant to a Services Agreement with AJO Capital Inc., the Company issued 200,000 shares of common stock as consideration for services outlined in the agreement.

**NOTE 6 – PREFERRED STOCK** 

On March 4, 2024, the Company amended its Articles of Incorporation, in which the authorized Preferred Stock was increased to 15,000,000 pursuant to the approved by the BOD and shareholders Plan and Merger Agreement.

As of December 31, 2024, pursuant to the terms of the Merger with Nika BioTechnology, Inc (Note 1), the Company issued 5,000,000 shares of preferred stock. Currently, there are 15,000,000 Preferred Stock issued and outstanding.

**NOTE 7 – COMMON CONTROL MERGER** 

On February 12, 2024, the Company signed an Agreement and Plan of Merger (the "Merger") with Nika BioTechnology, Inc. Pursuant to the Merger agreement Nika BioTechnology, Inc., (the Target company), was merged with and into the Company**,** the separate corporate existence of the Target shall cease, and the Company shall continue as the surviving consolidated entity. Nika BioTechnology, Inc., owned a 40% stake in Nika Europe, Ltd, which was transferred to the Company pursuant to the merger, increasing the Company's ownership to 80%. The accounts and amounts included in the Company's consolidated financial statements upon acquisition are as follows.

---

| | |
|:---|:---|
| Cash | $322 |
| Inventory | $17007 |
| Accruals | $(3833) |
| Due to related parties | $(109877) |
| Additional paid in capital | $(5388284) |
| Accumulated deficit | $5464629 |
| General and administrative expenses | $20036 |

---

**NOTE 8 – OTHER EVENTS** 

On April 12, 2024, Nika Pharmaceuticals, Inc., through its subsidiary Nika Europe Ltd., acquired four technologies, three of which are for generic drugs and one for a dietary supplement. The technologies were purchased from *Alliance for Intellectual Property in the Field of Pharmacy, Chemistry, and Biology* ("AIPFPCB") for a total price of 75,000 BGN (equivalent to around 42,491 USD) that was paid by Dimitar Slavchev Savov who is an officer and director of Nika Pharmaceuticals, Inc. and the general manager of Nika Europe, Ltd. With the trade names pending, the three technologies for drugs in tablet form are scientifically named as MENTHYL VALERATE 0.06g, METAMIZOLE SODIUM 500mg, VINPOCETINE 10mg, with the dietary supplement named as TRIBULUS TERRESTRIS HERBA EXTRACTUM SICCUM 250mg.

On April 23, 2024, Nika Europe, Ltd. signed a Supply Agreement with Shanghai Marya Pharmaceutical Engineering & Project Co., Ltd. for the purchase, supply, and installation of a complete vial production line equipment adhering to Good Manufacturing Practice (GMP) standards, costing $957,670. Dimitar Savov has paid the initial down payment of $191,534 from his personal money. The equipment is scheduled to be produced, delivered, and installed in the Bulgarian production building by the end of Q4, 2024.

Effective April 29, 2024, Nika Pharmaceuticals, Ltd., a limited liability company registered in Bulgaria with UIC: 175420503, made a non-monetary in-kind contribution of a production building and land to the capital of Nika Europe, Ltd. The building and land were officially valued at 3,683,800 BGN (2,045,209) USD by three independent valuators appointed by the Bulgarian Registry Agency. As a result, the capital of Nika Europe, Ltd. was increased to 3,684,300 BGN. At the time of the transaction, Dimitar Savov owned 100% of Nika Pharmaceuticals, Ltd. and was the company's general manager.

On April 29, 2024 pursuant to decision of the shareholders for in-kind contribution of factory building and land the capital of Nika Europe, Ltd. increased to 3,684,300 BGN (2,016,562) USD. Effective May 9, 2024 the Company acquired 100% of the share capital of Nika Pharmaceuticals, Ltd. as effect of this event the Company has a 99.99% controlling interest in Nika Europe, Ltd. and becomes the beneficial owner of a factory building and land valued at 3,683,800 BGN ($2,016,562) USD, situated in a strategic location in Sofia Province, which were originally purchased and renovated by Dimitar Savov at his own personal expense.

The accounts and amounts included in the Company's consolidated financial statements upon acquisition are as follows.

---

| | |
|:---|:---|
| Cash | $2732 |
| Accounts receivable | $196394 |
| Other receivables | $4080 |
| Accounts payable | $(4638) |
| Due to related parties | $(427133) |
| Additional paid in capital | $(2791) |
| Accumulated deficit | $(49212) |
| General and administrative expenses | $(39210) |

---

Effective May 6, 2024, the Company completed a voluntary symbol change from NKPH to NIKA, and will trade its common stock under NIKA from hereon.

------

On August 18, 2024, based on recommendation of Clifford Redekop, officer and director, the board of directors found it in the Nika Pharmaceuticals Inc.'s best interest to cancel the acquisition of Nika Pharmaceuticals, Ltd., UIC: 175420503 that was made effective on May 9, 2024 and disclosed via Form 8-K on May 10, 2024. The procedure to return the 100% to Dimitar Slavchev Savov, who is an officer and director of Nika Pharmaceuticals, Inc. and general manager of Nika Pharmaceuticals, Ltd., was initiated on August 19, 2024 and was made effective on August 23, 2024, resulting in Nika Pharmaceuticals, Ltd. no longer being a wholly owned subsidiary of Nika Pharmaceuticals, Inc. As a result, Nika Pharmaceuticals, Inc. no longer practically owns 99.99% in Nika Europe, Ltd. and is no longer the beneficial owner of the factory building and land disclosed in the aforementioned Form 8-K dated May 10, 2024.

On September 11, 2024, Nika Pharmaceuticals, Inc. signed a production agreement with Nika Europe, Ltd., under which Nika Europe will produce ITV-1 for an estimated framework price of $580 per set once the pharmaceuticals factory is completed. In this way, Nika Europe, Ltd. will organize and bear the costs of production for ITV-1, whilst Nika Pharmaceuticals, Inc. will receive the same expected profit of around $1,120 per set that it has previously estimated.

On December 9, 2024, Nika Pharmaceuticals, Inc.'s common stock was uplisted to OTCQB where it is currently trading.

**NOTE 9 – INCOME TAX** 

Deferred taxes are provided on a liability method whereby deferred tax assets are recognized for deductible temporary differences and operating loss and tax credit carry forwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. The Company is using the U.S. federal income tax rate of 21%.

The provision for Federal income tax consists of the following December 31:

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| | | |
|:---|:---|:---|
|  | **2025** | **2024** |
| Federal income tax benefit attributable to: |  |  |
| Current Operations | $(16044) | $(23445) |
| Less: change in valuation allowance | 16044 | 23445 |
| Net provision for Federal income taxes | $— | $— |

---

The cumulative tax effect at the expected rate of 21% of significant items comprising our net deferred tax amount is as follows:

---

| | | |
|:---|:---|:---|
|  | **2025** | **2024** |
| Deferred tax asset attributable to: |  |  |
| Net operating loss carryover | $(1894171) | $(1878127) |
| Less: valuation allowance | 1894171 | 1878127 |
| Net deferred tax asset | $— | $— |

---

At December 31, 2025, the Company had net operating loss carry forwards of approximately $1,894,171 maybe offset against future taxable income. No tax benefit has been reported in the December 31, 2025 or 2024 financial statements since the potential tax benefit is offset by a valuation allowance of the same amount.

Due to the change in ownership provisions of the Tax Reform Act of 1986, net operating loss carry forwards for Federal income tax reporting purposes are subject to annual limitations. Should a change in ownership occur, net operating loss carry forwards may be limited as to use in future years.

ASC Topic 740 provides guidance on the accounting for uncertainty in income taxes recognized in a company's financial statements. Topic 740 requires a company to determine whether it is more likely than not that a tax position will be sustained upon examination based upon the technical merits of the position. If the more-likely-than-not threshold is met, a company must measure the tax position to determine the amount to recognize in the financial statements.

The Company files income tax returns in the U.S. federal jurisdiction, and various state and local jurisdictions.

The Company includes interest and penalties arising from the underpayment of income taxes in the statements of operations in the provision for income taxes. As of December 31, 2025, the Company had no accrued interest or penalties related to uncertain tax positions.

------

**NOTE 10 - SUBSEQUENT EVENTS**

Management has performed an evaluation of subsequent events through the date that the financial statements were issued and has determined that it has no material subsequent events to disclose in these consolidated financial statements other than the following.

**<u>ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND</u> <u>FINANCIAL</u> <u>DISCLOSURES</u>**

On February 14, 2024, the Company dismissed its independent accountant B F Borgers CPA PC and engaged the firm of Fruci & Associates II, PLLC to serve as the independent accountant to audit the company's financial statements.

On August 21, 2024 Nika Pharmaceuticals, Inc.'s independent accountant Fruci & Associates II, PLLC tendered its resignation. The members of the board of directors have discussed the issue with the former independent accountant, and Nika Pharmaceuticals, Inc. has authorized the former independent accountant to respond fully to the inquiries of the successor accountant concerning historical data.

We have had no "disagreements" (as such term is defined in Item 304 of Regulation S-K) with our Accountant on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedures.

On September 23, 2024, Nika Pharmaceuticals, Inc. engaged the firm of OLAYINKA OYEBOLA & CO (Chartered Accountants) to serve as the independent accountant to audit the company's financial statements.

On October 2, 2024, Nika Pharmaceuticals, Inc. made a discovery, which led it to consider that it is in the best interest not to continue its engagement of independent accountant OLAYINKA OYEBOLA & CO (Chartered Accountants). No services had been performed by OLAYINKA OYEBOLA & CO (Chartered Accountants) prior to the termination of the engagement on October 2, 2024.

On October 5, 2024, Nika Pharmaceuticals, Inc. engaged the firm of Boladale Lawal & Co (Chartered Accountants) to serve as the independent accountant to audit the company's financial statements.

**<u>ITEM 9A. CONTROLS AND PROCEDURES</u>**

**Evaluation of Disclosure Controls and Procedures**

Under the supervision and with the participation of our management, including our chief executive officer and principal financial officer, we conducted an evaluation of our disclosure controls and procedures, as such term is defined under Rule 13a-15(e) and Rule 15d-15(e) promulgated under the Securities Exchange Act of 1934, as amended, as of December 31, 2025. Based on this evaluation, our chief executive officer and principal financial officer have concluded such controls and procedures to be ineffective as of December 31, 2025, to ensure that information required to be disclosed by the issuer in the reports that it files or submits under the Act is recorded, processed, summarized and reported, within the time periods specified in the Commission's rules and forms and to ensure that information required to be disclosed by an issuer in the reports that it files or submits under the Act is accumulated and communicated to the issuer's management, including its principal executive and principal financial officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.

**Management's Annual Report on Internal Control over Financial Reporting**

Management is responsible for establishing and maintaining adequate internal control over financial reporting, as such term is defined in Rules 13a-15 (f) and 15d- 15 (f) under the Exchange Act, for the Company.

Our internal control over financial reporting is the process designed by and under the supervision of our CEO and CFO, or the persons performing similar functions, to provide reasonable assurance regarding the reliability of our financial reporting and the preparation of our financial statements for external reporting in accordance with accounting principles generally accepted in the United States of America. In making this assessment, our management used the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission ("COSO") in Internal Control – Integrated Framework (2013).

------

Under the supervision and with the participation of our CEO and CFO, or the persons performing similar functions, our management has assessed the effectiveness of our internal control over financial reporting as of December 31, 2025, and concluded that it is not effective because of the material weakness described below:

We are aware of the following material weaknesses in internal control that could adversely affect the Company's ability to record, process, summarize and report financial data:

• Lack of an audit committee

• Lack of segregation of duties

A material weakness is a significant deficiency in one or more of the internal control components that alone or in the aggregate precludes our internal controls from reducing to an appropriately low level the risk that material misstatements in our consolidated financial statements will not be prevented or detected on a timely basis.

This annual report does not include an attestation report of our registered public accounting firm regarding internal control over financial reporting. Management's report was not subject to attestation by the registrant's registered public accounting firm pursuant to rules of the Securities and Exchange Commission that permit the registrant to provide only management's report in this annual report.

**Evaluation of Changes in Internal Control over Financial Reporting**

During the year ended December 31, 2025 there were no changes in our internal control over financial reporting identified in connection with the evaluation required by paragraph (d) of Securities Exchange Act Rules 13a-15 or 15d-15 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting. We intend to recruit additional professionals, as our business conditions warrant, to ensure that we include all necessary disclosure in our filings with the Securities and Exchange Commission. Although we believe that these corrective steps will enable management to conclude that the internal controls over our financial reporting are effective when the staff is in place and trained, we cannot provide assurance that these steps will be sufficient. We may be required to expend additional resources to identify, assess and correct any additional weaknesses in internal control.

**Important Considerations**

The effectiveness of our disclosure controls and procedures and our internal control over financial reporting is subject to various inherent limitations, including cost limitations, judgments used in decision making, assumptions about the likelihood of future events, the soundness of our systems, the possibility of human error, and the risk of fraud. Moreover, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions and the risk that the degree of compliance with policies or procedures may deteriorate over time. Because of these limitations, there can be no assurance that any system of disclosure controls and procedures or internal control over financial reporting will be successful in preventing all errors or fraud or in making all material information known in a timely manner to the appropriate levels of management.

**<u>ITEM 9B. OTHER INFORMATION</u>**

None.

**<u>ITEM 9C. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS</u>**

None.

------

**<u>ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE</u>**

 **Identity of Officers and Directors**

The following table sets forth the names, ages, and titles of our executive officers and directors.

---

| | | | |
|:---|:---|:---|:---|
| <u>Name</u> | <u>Age</u> | <u>Positions Held</u> | <u>Since</u> |
| Dimitar Slavchev Savov | 68 | President, CEO, CFO, Director | April 1, 2022 |
| Clifford Redekop | 76 | Secretary& Director | April 1, 2022 |

---

**Dimitar Slavchev Savov**, Mr. Savov was born in Sofia, Bulgaria on March 03, 1958. Savov graduated at the *Dimitar A. Tsenov Academy of Economics* as a magister of economics with a specialty in accounting and control with a minor in finance. During the political changes of November 10, 1989, Mr. Savov started a private business by importing crude oil and creating the first private petrol company and in a time of crisis with a lack of fuel, Mr. Savov created a chain of the first private and modern gas stations in Bulgaria named Elpida 3. He brought the company to a highly competitive level and practically saved Neftohim Burgas from bankruptcy and Bulgaria from a fuel shortage. For the past 25 years, Mr. Savov has invested and developed projects in the pharmaceutical field with the goal to provide medicine for treatment of various life-threatening diseases including AIDS, Cancer and others.

**Clifford Redekop,** Mr, Redekop has an honors liberal arts degree from Brock University and served in the Canadian Navy for 12 years. His first five years in the Navy were as a destroyer weapons officer and the remainder as a public affairs officer. Postings and assignments were across Canada and in Germany, and with many experiences as Defense Department spokesman for multiple casualties and politically sensitive situations. Further education included graduate school training in communications management and journalism. After leaving the Navy, Redekop moved to Las Vegas, Nevada and became a commercial real estate broker/investor/developer. Redekop is a licensed broker in Nevada and Utah. Currently, and for the past six years, he has specialized in assisting companies launch major expansions and in merging private businesses into public companies. He has also worked with a number of Native American Tribes in assisting them to bring economic development to their reservations.

None of our directors or officers are related to each other. There are no arrangements or understandings with any of our principal stockholders, customers, suppliers, or any other person, pursuant to which any of our directors or executive officers were appointed.

**Significant Employees**

We have no significant employees other than our officers.

**Director or Officer Involvement in Certain Legal Proceedings**

During the past five (5) years, none of the following occurred with respect to one of our present or former directors or executive officers: (1) any bankruptcy petition filed by or against any business of which such person was a general partner or executive officer either at the time of the bankruptcy or within two (2) years prior to that time; (2) any conviction in a criminal proceeding or being subject to a pending criminal proceeding (excluding traffic violations and other minor offenses); (3) being subject to any order, judgment or decree, not subsequently reversed, suspended or vacated, of any court of any competent jurisdiction, permanently or temporarily enjoining, barring, suspending or otherwise limiting his involvement in any type of business, securities or banking activities; and (4) being found by a court of competent jurisdiction (in a civil action), the Securities and Exchange Commission or the Commodities Futures Trading Commission to have violated a federal or state securities or commodities law, and the judgment has not been reversed, suspended, or vacated.

**Director Independence**

We are not at this time required to have our board comprised of a majority of "independent directors" as we are not subject to the listing requirements of any national securities exchange or association,

------

**Section 16(a) Beneficial Ownership Reporting Compliance**

Section 16(a) of the Exchange Act requires a company's directors, officers, and stockholders who beneficially own more than 10% of any class of equity securities of the Company registered pursuant to Section 12 of the Exchange Act (collectively referred to herein as the "Reporting Persons"), to file initial statements of beneficial ownership of securities and statements of changes in beneficial ownership of securities with respect to the company's equity securities with the SEC. All Reporting Persons are required by SEC regulation to furnish us with copies of all reports that such Reporting Persons file with the SEC pursuant to Section 16(a).

Based solely on review of the copies of such forms furnished to Nika Pharmaceuticals' directors have filed Forms 4 on March 19, 2024 and March 19, 2025.

**Code of Ethics**

We have not yet adopted a code of ethics that applies to our principal executive officer, principal financial officer, principal accounting officer or controller or persons performing similar functions.

**Corporate Governance**

There have been no changes in any state law or other procedures by which security holders may recommend nominees to our board of directors. In addition to having no nominating committee for this purpose, we currently have no specific audit committee and no audit committee financial expert. Based on the fact that our current business affairs are simple, any such committees are excessive and beyond the scope of our business and needs.

**Audit Committee and Audit Committee Financial Expert**

We do not currently have an audit committee financial expert, nor do we have an audit committee. Our board of directors, handles the functions that would otherwise be handled by an audit committee. We do not currently have the capital resources to pay director fees to a qualified independent expert who would be willing to serve on our board and who would be willing to act as an audit committee financial expert. As our business expands and as we appoint others to our board of directors, we expect that we will seek a qualified independent expert to become a member of our board of directors. Before retaining any such expert our board would make a determination as to whether such person is independent.

**<u>ITEM 11, EXECUTIVE COMPENSATION</u>**

**Summary Compensation Table**

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| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| <br>**Name and**<br>**Principal**<br>**Position** | <br>**Year** | <br>**Salary**<br>**($)** | <br>**Bonus**<br>**($)** | <br>**Stock**<br>**Awards**<br>**($)** | <br>**Option**<br>**Awards**<br>**($)** | <br>**Non-**<br>**Equity**<br>**Incentive**<br>**Plan**<br>**Compen**<br>**sation**<br>**($)** | **Change in**<br>**Pensions**<br>**Value and**<br>**Nonqualifie**<br>**d Deferred**<br>**Compensati**<br>**on Earnings**<br>**($)** | <br>**All**<br>**Other**<br>**Compens**<br>**ation ($)** | <br>**Total**<br>**($)** |
| **(a)** | **(b)** | **(c)** | **(d)** | **(e)** | **(f)** | **(g)** | **(h)** | **(i)** | **(j)** |
| Dimitar |  |  |  |  |  |  |  |  |  |
| Slavchev | 2025 |  |  |  |  |  |  |  |  |
| Savov (CEO, |  |  |  |  |  |  |  |  |  |
| Director) | 2024 |  |  |  |  |  |  |  |  |
| Clifford |  |  |  |  |  |  |  |  |  |
| Redekop | 2025 |  |  |  |  |  |  |  |  |
| (corporate |  |  |  |  |  |  |  |  |  |
| secretary) | 2024 |  |  |  |  |  |  |  |  |

---

------

No officer or director of the Company has received any compensation in 2025 or 2024.

Our directors and officers do not have unexercised options, stock that has not vested, or equity incentive plan awards.

We do not currently have a stock option plan. No individual grants of stock options, whether or not in tandem with stock appreciation rights known as SARs or freestanding SARs have been made to any executive officer or any director since our inception; accordingly, no stock options have been granted or exercised by any of the officers or directors since inception.

We do not have any long-term incentive plans that provide compensation intended to serve as incentive for performance. No individual grants or agreements regarding future payouts under non-stock price-based plans have been made to any executive officer or any director or any employee or consultant since our inception; accordingly, no future payouts under non-stock price-based plans or agreements have been granted or entered into or exercised by our officer or director or employees or consultants since inception.

To the knowledge of management, during the past five years, no present or former director, or executive officer of the Company:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;&nbsp;&nbsp;&nbsp; Has filed a petition under the federal bankruptcy laws or any state insolvency law, nor had a receiver, fiscal agent or similar officer appointed by a court for the business or property of such person, or any partnership in which he or she was a general partner at or within two years before the time of such filing, or any corporation or business association of which he or she was an executive officer at or within two years before the time of such filing;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;&nbsp;&nbsp;&nbsp; Was convicted in a criminal proceeding or named subject of a pending criminal proceeding (excluding traffic violations and other minor offenses);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.&nbsp;&nbsp;&nbsp;&nbsp; Was the subject of any order, judgment or decree, not subsequently reversed, suspended or vacated, of any court of competent jurisdiction, permanently or temporarily enjoining him from or otherwise limiting, the following activities:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i.&nbsp;&nbsp;&nbsp;&nbsp;Acting as a futures commission merchant, introducing broker, commodity trading advisor, commodity pool operator, floor broker, leverage transaction merchant, associated person of any of the foregoing, or as an investment advisor, underwriter, broker or dealer in securities, or as an affiliate person, director or employee of any investment company, or engaging in or continuing any conduct or practice in connection with such activity;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii.&nbsp;&nbsp;&nbsp;&nbsp;Engaging in any type of business practice;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. Engaging in any activity in connection with the purchase or sale of any security or commodity or in connection with any violation of federal or state securities laws or federal commodities laws;

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. &nbsp;&nbsp;&nbsp;&nbsp;Was the subject of any order, judgment, or decree, not subsequently reversed, suspended, or vacated, of any federal or state authority barring, suspending, or otherwise limiting for more than 60 days the right of such person to engage in any such activity

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. &nbsp;&nbsp;&nbsp;&nbsp;Was found by a court of competent jurisdiction in a civil action or by the Securities and Exchange Commission to have violated any federal or state securities law, and the judgment in such civil action or finding by the Securities and Exchange Commission has not been subsequently reversed, suspended, or vacated.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. &nbsp;&nbsp;&nbsp;&nbsp;Was found by a court of competent jurisdiction in a civil action or by the Commodity Futures Trading Commission to have violated any federal commodities law, and the judgment in such civil action or finding by the Commodity Futures Trading Commission has not been subsequently reversed, suspended or vacated.

**Director Compensation**

We do not currently pay any compensation to our directors, nor do we pay directors' expenses in attending board meetings.

**Employment Agreements**

The Company is not a party to any employment agreements.

**<u>ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND</u> <u>RELATED STOCKHOLDER MATTERS</u>**

The following table sets forth, as of December 31, 2025, the number and percentage of our outstanding shares of common stock owned by (i) each person known to us to beneficially own more than 5% of our outstanding common stock, (ii) each director, (iii) each named executive officer, and (iv) all officers and directors as a group. Common stock beneficially owned and percentage ownership was based on 1,047,549,224 shares outstanding on December 31, 2025.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| <br>**Name of Beneficial Owner** | <br>**Shares of** <br>**Common** <br>**Stock Beneficially** <br>**Owned\*\*** | <br>**Percent of** <br>**Common** <br>**Stock** <br>**Beneficially** <br>**Owned<sup>(1)</sup>\*\*** | **Shares of** <br>**Series A** <br>**Preferred** <br>**Stock** <br>**Beneficially Beneficially** <br>**Owned** | **Percent of** <br>**Series A** <br>**Preferred** <br>**Stock** <br>**Owned\*\*** | <br>**Number of** <br>**Voting** <br>**Shares** <br>**Beneficially** <br>**Owned\*\*** | <br>**Percent of** <br>**Voting** <br>**Shares** <br>**Beneficially** <br>**Owned<sup>(1)</sup>\*\*** |
| **5% Beneficial Owners** |  |  |  |  |  |  |
| ACFT LLC | 151446500 | 14.46% |  |  |  |  |
| Mariya S Radivoeva | 94500000 | 9.02% |  |  |  |  |
| Noble Investment Corp | 138208256 | 13.19% |  |  |  |  |
| Kubrat Radivoev | 75000000 | 7.16% |  |  |  |  |
| **Directors and Officers** |  |  |  |  |  |  |
| Dimitar Slavchev Savov | 445589500 | 42.54% | 15000000 | 100% | 150000000 | 51.87% |
| Clifford Redekop |  |  |  |  |  |  |
| All directors and executive officers as a group (2 persons) | 445589500 | 42.54% | 15000000 | 100% | 150000000 | 51.87% |

---

\*\* Under SEC rules, beneficial ownership includes shares over which the individual or entity has voting or investment power and any shares which the individual or entity has the right to acquire within sixty days.

(1) Percentage of voting stock is based on 1,047,549,224 shares of our common stock and 15,000,000 shares of Series A Preferred Stock outstanding on December 31, 2025.

**<u>ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE</u>**

*The following information summarizes transactions we have either engaged in for the past two fiscal years or propose to engage in, involving our executive officers, directors, more than 5% stockholders, or immediate family members of these persons. These transactions were negotiated between related parties without "arm's length" bargaining and, as a result, the terms of these transactions may be different than transactions negotiated between unrelated persons.*

During the year ended December 31, 2025, Nika Europe LTD, advanced the Company $79,460, to pay for general operating expenses. Nika Europe LTD is incorporated in Bulgaria with UIC: 206925008, the ownership of the company is divided by CEO Dimitar Slavchev Savov, Nika Pharmaceuticals, Inc. and Nika Pharmaceuticals Ltd. Dimitar Savov and Nika Pharmaceuticals, Inc. are holding below 1% of the shares of the company. Dimitar Savov is the general manager of Nika Europe. As of December 31, 2025, the total amount due to Nika Europe LTD is $79,460. The advance in non-interest bearing and due on demand.

------

During the year ended December 31, 2024, Dimitar Slavchev Savov, CEO, advanced the Company $103,419 to pay for general operating expenses. As of December 31, 2025, the total amount due to Mr. Savov is $205,164. The advance in non-interest bearing and due on demand.

During the year ended December 31, 2024, Nika Pharmaceuticals LTD, advanced the Company $34,000, to pay for general operating expenses. Nika Pharmaceuticals LTD is incorporated in Bulgaria with UIC: 175420503 and is wholly-owned and managed by CEO Dimitar Slavchev Savov. As of December 31, 2025, the total amount due to Nika Pharmaceuticals LTD is $34,000. The advance in non-interest bearing and due on demand.

On April 12, 2024, Nika Pharmaceuticals, Inc., through its subsidiary Nika Europe Ltd., acquired four technologies, three of which are for generic drugs and one for a dietary supplement. The technologies were purchased from *Alliance for Intellectual Property in the Field of Pharmacy, Chemistry, and Biology* ("AIPFPCB") for a total price of 75,000 BGN (equivalent to around 42,491 USD) that was paid by Dimitar Slavchev Savov who is an officer and director of Nika Pharmaceuticals, Inc. and the general manager of Nika Europe, Ltd. With the trade names pending, the three technologies for drugs in tablet form are scientifically named as MENTHYL VALERATE 0.06g, METAMIZOLE SODIUM 500mg, VINPOCETINE 10mg, with the dietary supplement named as TRIBULUS TERRESTRIS HERBA EXTRACTUM SICCUM 250mg.

Effective April 29, 2024, Nika Pharmaceuticals, Ltd., a limited liability company registered in Bulgaria with UIC: 175420503, made a non-monetary in-kind contribution of a production building and land to the capital of Nika Europe, Ltd. The building and land were officially valued at 3,683,800 BGN (2,045,209) USD by three independent valuators appointed by the Bulgarian Registry Agency. As a result, the capital of Nika Europe, Ltd. was increased to 3,684,300 BGN. At the time of the transaction, Dimitar Savov owned 100% of Nika Pharmaceuticals, Ltd. and was the company's general manager.

On April 29, 2024 pursuant to decision of the shareholders for in-kind contribution of factory building and land the capital of Nika Europe, Ltd. increased to 3,684,300 BGN (2,016,562) USD. Effective May 9, 2024 the Company acquired 100% of the share capital ot Nika Pharmaceuticals, Ltd. as effect of this event the Company has a 99.99% controlling interest in Nika Europe, Ltd. and becomes the beneficial owner of a factory building and land valued at 3,683,800 BGN ($2,016,562) USD, situated in a strategic location in Sofia Province, which were originally purchased and renovated by Dimitar Savov at his own personal expense.

On August 18, 2024, based on recommendation of Clifford Redekop, officer and director, the board of directors found it in the Nika Pharmaceuticals Inc.'s best interest to cancel the acquisition of Nika Pharmaceuticals, Ltd., UIC: 175420503 that was made effective on May 9, 2024 and disclosed via Form 8-K on May 10, 2024. The procedure to return the 100% to Dimitar Slavchev Savov, who is an officer and director of Nika Pharmaceluticals, Inc. and general manager of Nika Pharmaceuticals, Ltd., was initiated on August 19, 2024 and was made effective on August 23, 2024, resulting in Nika Pharmaceuticals, Ltd. no longer being a wholly owned subsidiary of Nika Pharmaceuticals, Inc. As a result, Nika Pharmaceuticals, Inc. no longer practically owns 99.99% in Nika Europe, Ltd. and is no longer the beneficial owner of the factory building and land disclosed in the aforementioned Form 8-K dated May 10, 2024.

**<u>ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES</u>**

**Audit Fees**

The following table presents the aggregate fees billed for each of the last two fiscal years in connection with the audit of our consolidated financial statements and other professional services rendered by this accounting firm.

---

| | | |
|:---|:---|:---|
|  | 2025 | 2024 |
| Audit fees | $14545 | $4000 |
| Audit related fees |  |  |
| Tax fees |  |  |
| All other fees |  |  |
| Total fees | $14545 | $4000 |

---

Audit fees represent fees for professional services rendered by our principal accountants for the audit of our annual financial statements and review of the financial statements included in our Forms 10-Q or services that are normally provided by our principal accountants in connection with statutory and regulatory filings or engagements.

------

Audit-related fees represent professional services rendered for assurance and related services by the accounting firm that are reasonably related to the performance of the audit or review of our financial statements that are not reported under audit fees.

Tax fees represent professional services rendered by the accounting firm for tax compliance, tax advice, and tax planning.

All other fees represent fees billed for products and services provided by the accounting firm, other than the services reported for the other three categories.

**Pre-Approval Policies**

Our board of directors approves the engagement of the auditor before the firm renders audit and non-audit services. Our audit committee does not rely on pre-approval policies and procedures.

**PART IV**

**<u>ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES</u>**

The following documents have been filed as part of this report.

---

| |
|:---|
| **<u>Exhibit</u> <u>No.</u>** |
| <u>[31.1](exhibit31-1.htm)</u> – <u>[Rule 13a14(a)/15d](exhibit31-1.htm)</u>[<u>-14(a) Certification of Chief Executive Officer and Chief Financial Officer</u>](exhibit31-1.htm) |
| <u>[32.1](exhibit32-1.htm)</u> – <u>[Section 1350 Certification of Chief Executive Officer and Chief Financial Officer](exhibit32-1.htm)</u> |
| <u>101.INS\*</u> – <u>Inline</u> <u>XBRL Instance Document(1)</u> |
| <u>101.SCH\*</u> – <u>XBRL Taxonomy Extension Schema Document(1)</u> |
| <u>101.SCH\*</u> – <u>XBRL Taxonomy Extension Schema Document(1)</u> |
| <u>101.CAL\*</u> – <u>Inline</u> <u>XBRL Taxonomy Extension Calculation Linkbase Document(1)</u> |
| <u>101.DEF\*</u> – <u>Inline</u> <u>XBRL Taxonomy Extension Definition Linkbase Document(1)</u> |
| <u>101.LAB\*</u> – <u>Inline</u> <u>XBRL Taxonomy Extension Label Linkbase Document(1)</u> |

---

**<u>ITEM 16. 10-K SUMMARY</u>** 

None.

------

**<u>Signatures</u>**

Pursuant to the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

---

| | | |
|:---|:---|:---|
|  | **Nika Pharmaceuticals, Inc.** | **Nika Pharmaceuticals, Inc.** |
| Date: March 25, 2026 | By: | */s/ Dimitar Slavchev Savov* |
|  |  | Dimitar Slavchev Savov |
|  |  | Chief Executive Officer, Director |
| Date: March 25, 2026 | By: | */s/ Clifford Redekop* |
|  |  | Clifford Redekop |
|  |  | Director |

---

## Exhibit 31.1

------

**EXHIBIT 31.1**

**Certification of Chief Executive Officer and Chief Financial Officer pursuant to** <br>**Section 302 of the Sarbanes-Oxley Act of 2002** <br>

I, Dimitar Slavchev Savov, certify that:

1. I have reviewed this report on Form 10-K.

2. Based on my knowledge, this report does not contain any
 untrue statement of a material fact or omit to state a material fact
 necessary to make the statements made, in light of the circumstances under
 which such statements were made, not misleading with respect to the period
 covered by this report;

3. Based on my knowledge, the financial statements, and
 other financial information included in this report, fairly present in all
 material respects the financial condition, results of operations and cash
 flows of the registrant as of, and for, the periods presented in this
 report;

4. The registrant's other certifying officer(s) and I are
 responsible for establishing and maintaining disclosure controls and
 procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and
 internal control over financial reporting (as defined in Exchange Act
 Rules 13a-15(f) and 15d-15(f)) for the registrant and
 have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) Designed such disclosure controls and procedures or
 caused such disclosure controls and procedures to be designed under our
 supervision, to ensure that material information relating to the
 registrant, including its consolidated subsidiaries, is made known to us
 by others within those entities, particularly during the period in which
 this report is being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) Designed such internal control over financial reporting,
 or caused such internal control over financial reporting to be designed
 under our supervision, to provide reasonable assurance regarding the
 reliability of financial reporting and the preparation of financial
 statements for external purposes in accordance with generally accepted
 accounting principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) Evaluated the effectiveness of the registrant's
 disclosure controls and procedures and presented in this report our
 conclusions about the effectiveness of the disclosure controls and
 procedures, as of the end of the period covered by this report based on
 such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d) Disclosed in this report any change in the registrant's
 internal control over financial reporting that occurred during the
 registrant's most recent fiscal quarter (the registrant's fourth fiscal
 quarter in the case of an annual report) that has materially affected, or
 is reasonably likely to materially affect, the registrant's internal
 control over financial reporting; and

5. The registrant's other certifying officer(s) and I have
 disclosed, based on our most recent evaluation of internal control over
 financial reporting, to the registrant's auditors and the audit committee
 of registrant's board of directors (or persons performing the equivalent
 functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) All significant deficiencies and material weaknesses in
 the design or operation of internal control over financial reporting which
 are reasonably likely to adversely affect the registrant's ability to
 record, process, summarize and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) Any fraud, whether or not material, that involves
 management or other employees who have a significant role in the
 registrant's internal control over financial
reporting.

---

| | | |
|:---|:---|:---|
| Date: March 25, 2026 | By: | */s/ Dimitar Slavchev Savov* |
|  |  | Dimitar Slavchev Savov |
|  |  | Chief Executive Officer and Chief |

---

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## Exhibit 32.1

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**EXHIBIT 32.1**

**CERTIFICATION** <br>Pursuant to 18 U.S.C. 1350 <br>(Section 906 of the Sarbanes-Oxley Act of 2002) <br>

In connection with the Annual Report on Form 10-K of Nika Pharmaceuticals, Inc. (the "Company") for the year ended December 31, 2025, as filed with the Securities and Exchange Commission on the date hereof (the "Report"), Dimitar Slavchev Savov, as Chief Executive Officer and Chief Financial Officer of the Company, hereby certifies, pursuant to 18 U.S.C. §1350, as adopted pursuant to §906 of the Sarbanes-Oxley Act of 2002, that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) The Report fully complies with the requirements of
 Section 13(a) or 15(d) of the Securities Exchange Act of 1934;
 and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) The information contained in the Report fairly presents,
 in all material respects, the financial condition and results of
 operations of the Company.

---

| | | |
|:---|:---|:---|
| Date: March 25, 2026 | By: | */s/ Dimitar Slavchev Savov* |
|  |  | Dimitar Slavchev Savov |
|  |  | Chief Executive Officer and Chief Financial |
|  |  | Officer |

---

This certification accompanies each Report pursuant to § 906 of the Sarbanes-Oxley Act of 2002 and shall not, except to the extent required by the Sarbanes-Oxley Act of 2002, be deemed filed by the Company for purposes of §18 of the Securities Exchange Act of 1934, as amended.

A signed original of this written statement required by Section 906 has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

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