# EDGAR Filing Document

**Accession Number:** 0001588014
**File Stem:** 0001493152-26-023705
**Filing Date:** 2026-5
**Character Count:** 79175
**Document Hash:** 15b829abbc7a14db32f327377ce05ef1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-26-023705.hdr.sgml**: 20260515

**ACCESSION NUMBER**: 0001493152-26-023705

**CONFORMED SUBMISSION TYPE**: 10-Q

**PUBLIC DOCUMENT COUNT**: 56

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260515

**DATE AS OF CHANGE**: 20260515

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ADM ENDEAVORS, INC.
- **CENTRAL INDEX KEY:** 0001588014
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-ADVERTISING [7310]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 450459323
- **STATE OF INCORPORATION:** NV
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 10-Q
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-56047
- **FILM NUMBER:** 26986624

**BUSINESS ADDRESS:**
- **STREET 1:** 5941 POSEY LANE
- **CITY:** HALTOM CITY
- **STATE:** TX
- **ZIP:** 76117
- **BUSINESS PHONE:** 817-637-2150

**MAIL ADDRESS:**
- **STREET 1:** 5941 POSEY LANE
- **CITY:** HALTOM CITY
- **STATE:** TX
- **ZIP:** 76117

?xml version='1.0' encoding='ASCII'?

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 10-Q**

☒ **QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**

**For the quarterly period ended March 31, 2026**

☐ **TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT**

For the transition period from ______ to _______

**Commission File Number 000-56047**

**<u>ADM ENDEAVORS, INC.</u>**

(Exact name of registrant as specified in its charter)

---

| | |
|:---|:---|
| **Nevada** | **45-0459323** |
| (State of incorporation) | (I.R.S. Employer Identification No.) |

---

**5941 Posey Lane**

**Haltom City, Texas 76117**

(Address of principal executive offices)

**(817) 840-6271**

(Registrant's telephone number)

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

---

| | | |
|:---|:---|:---|
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
| N/A | N/A | N/A |

---

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 ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, 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 is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

As of May 15, 2026, there were 158,520,409 shares of the registrant's $0.001 par value common stock issued, issuable, and outstanding.

**<u>ADM ENDEAVORS, INC.</u>**

---

| | | |
|:---|:---|:---|
| **TABLE OF CONTENTS** | **TABLE OF CONTENTS** | **Page** |
| **[PART I. FINANCIAL INFORMATION](#a_001)** | **[PART I. FINANCIAL INFORMATION](#a_001)** | 3 |
| ITEM 1. | [CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)](#a_002) | 4 |
| ITEM 2. | [MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS](#a_008) | 17 |
| ITEM 3. | [QUALITATIVE AND QUANTITATIVE DISCLOSURES ABOUT MARKET RISK](#a_009) | 19 |
| ITEM 4. | [CONTROLS AND PROCEDURES](#a_010) | 19 |
| **[PART II. OTHER INFORMATION](#a_011)** | **[PART II. OTHER INFORMATION](#a_011)** | 20 |
| ITEM 1. | [LEGAL PROCEEDINGS](#a_012) | 20 |
| ITEM 1A. | [RISK FACTORS](#a_013) | 20 |
| ITEM 2. | [UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS](#a_014) | 20 |
| ITEM 3. | [DEFAULTS UPON SENIOR SECURITIES](#a_015) | 20 |
| ITEM 4. | [MINE SAFETY DISCLOSURES](#a_016) | 20 |
| ITEM 5. | [OTHER INFORMATION](#a_017) | 20 |
| ITEM 6. | [EXHIBITS](#a_018) | 21 |

---

**PART I – FINANCIAL INFORMATION**

**TABLE OF CONTENTS**

---

| | |
|:---|:---|
| **Index to Financial Statements** | **Page** |
| [Consolidated Balance Sheets as of March 31, 2026 and December 31, 2025 (unaudited)](#a_003) | 4 |
| [Consolidated Statements of Operations for the three months ended March 31, 2026 and 2025 (unaudited)](#a_004) | 5 |
| [Consolidated Statements of Shareholders' Equity for the three months ended March 31, 2026 and 2025 (unaudited)](#a_005) | 6 |
| [Consolidated Statements of Cash Flows for the three months ended March 31, 2026 and 2025 (unaudited)](#a_006) | 7 |
| [Notes to the Consolidated Financial Statements (unaudited)](#a_007) | 8 |

---

**ITEM 1. FINANCIAL STATEMENTS**

**ADM Endeavors, Inc. and Subsidiaries** 

**Consolidated Balance Sheets**

**(Unaudited)**

---

| | | |
|:---|:---|:---|
|  | **As of**<br>**March 31,**<br>**2026** | **As of**<br>**December 31,**<br>**2025** |
| **ASSETS** |  |  |
| Current assets |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $163631 | $358955 |
| &nbsp;&nbsp;&nbsp;Accounts receivable, net | 282245 | 405373 |
| &nbsp;&nbsp;&nbsp;Other receivable, related party | 17002 | 12442 |
| &nbsp;&nbsp;&nbsp;Inventory | 512282 | 537942 |
| &nbsp;&nbsp;&nbsp;Prepaid expenses and other current assets | 153654 | 167713 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current assets | 1128814 | 1482425 |
| Noncurrent assets |  |  |
| Property and equipment, net | 8977205 | 8658148 |
| Goodwill | 688778 | 688778 |
| Deferred financing costs | 53210 | 53210 |
| Total assets | $10848007 | $10882561 |
| **LIABILITIES AND STOCKHOLDERS' EQUITY** |  |  |
| Current liabilities |  |  |
| &nbsp;&nbsp;&nbsp;Accounts payable | $97955 | $97720 |
| &nbsp;&nbsp;&nbsp;Accounts payable - related party |  | 246206 |
| &nbsp;&nbsp;&nbsp;Accrued expenses | 528752 | 506539 |
| &nbsp;&nbsp;&nbsp;Accrued interest - related party | 5492 |  |
| &nbsp;&nbsp;&nbsp;Income tax payable | 146336 | 146336 |
| &nbsp;&nbsp;&nbsp;Line of credit - related party | 382309 |  |
| &nbsp;&nbsp;&nbsp;Convertible note payable | 106092 | 106092 |
| &nbsp;&nbsp;&nbsp;Derivative liabilities | 204428 | 251792 |
| Total current liabilities | 1471364 | 1354685 |
| Noncurrent liabilities |  |  |
| &nbsp;&nbsp;&nbsp;Deferred tax liability | 13230 | 13230 |
| &nbsp;&nbsp;&nbsp;Notes payable - secured, net of discount | 5896389 | 5915548 |
| Total noncurrent liabilities | 5909619 | 5928778 |
| Total liabilities | 7380983 | 7283463 |
| Commitments and contingencies |  |  |
| Stockholders' equity |  |  |
| &nbsp;&nbsp;&nbsp;Preferred stock, $0.001 par value, 80,000,000 shares authorized, 2,000,000 shares outstanding as of March 31, 2026 and December 31, 2025 | 2000 | 2000 |
| &nbsp;&nbsp;&nbsp;Common stock, $0.001 par value, 800,000,000 shares authorized, 158,520,409 shares issued and outstanding at March 31, 2026 and December 31, 2025 | 158520 | 158520 |
| &nbsp;&nbsp;&nbsp;Additional paid-in capital | 1525329 | 1525329 |
| &nbsp;&nbsp;&nbsp;Retained earnings | 1781175 | 1913249 |
| Total stockholders' equity | 3467024 | 3599098 |
| Total liabilities and stockholders' equity | $10848007 | $10882561 |

---

See accompanying notes to unaudited consolidated financial statements.

**ADM Endeavors, Inc. and Subsidiaries**

**Consolidated Statements of Operations**

**For the Three Months Ended March 31, 2026 and 2025**

**(Unaudited)**

---

| | | |
|:---|:---|:---|
|  | **2026** | **2025** |
| Revenue |  |  |
| &nbsp;&nbsp;&nbsp;School uniform sales | $83759 | $108250 |
| &nbsp;&nbsp;&nbsp;Promotional sales | 940861 | 818286 |
| Total revenue | 1024620 | 926536 |
| Operating expenses |  |  |
| &nbsp;&nbsp;&nbsp;Direct costs of revenue | 785523 | 724314 |
| &nbsp;&nbsp;&nbsp;General and administrative | 383315 | 343371 |
| &nbsp;&nbsp;&nbsp;Marketing and selling | 13306 | 10433 |
| Total operating expenses | 1182144 | 1078118 |
| Operating loss | (157524) | (151582) |
| Other income (expense) |  |  |
| &nbsp;&nbsp;&nbsp;Gain (loss) on change in fair value of derivative liabilities | 47364 | (3339) |
| &nbsp;&nbsp;&nbsp;Other income | 2726 | 272585 |
| &nbsp;&nbsp;&nbsp;Interest expense | (24640) | (14209) |
| Total other income (expense) | 25450 | 255037 |
| Income (loss) before tax provision | (132074) | 103455 |
| &nbsp;&nbsp;&nbsp;Provision for income taxes | - | - |
| Net income (loss) | $(132074) | $103455 |
| Net income (loss) per share - basic | $(0.00) | $0.00 |
| Net income (loss) per share - diluted | $(0.00) | $0.00 |
| Weighted average number of shares outstanding |  |  |
| &nbsp;&nbsp;&nbsp;basic | 158520409 | 156637143 |
| &nbsp;&nbsp;&nbsp;diluted | 188984851 | 184060490 |

---

See accompanying notes to consolidated financial statements.

**ADM Endeavors, Inc. and Subsidiaries**

**Consolidated Statements of Shareholders' Equity**

**For the Three Months Ended March 31, 2026 and 2025**

**(Unaudited)**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Preferred Stock** | **Preferred Stock** | **Common Stock** | **Common Stock** | | | | |
|  | **Shares** | **Amount** | **Shares** | **Amount** | **Additional**<br>**Paid In**<br>**Capital** |<br>**Stock**<br>**Payable** |<br>**Retained**<br>**Earnings** |<br>**Total** |
| Balance at December 31, 2025 | 2000000 | $2000 | 158520409 | $158520 | $1525329 | $- | $1913249 | $3599098 |
| Net loss | - | - | - | - | - | - | (132074) | (132074) |
| Balance at March 31, 2026 | 2000000 | $2000 | 158520409 | $158520 | 1525329 | $- | $1781175 | $3467024 |
| Balance at December 31, 2024 | 2000000 | $2000 | 156637143 | $156637 | $1447222 | $15988 | $1426990 | $3048837 |
| Net income | - | - | - | - | - | - | 103455 | 103455 |
| Balance at March 31, 2025 | 2000000 | $2000 | 156637143 | $156637 | $1447222 | $15988 | $1530445 | $3152292 |

---

See accompanying notes to consolidated financial statements.

**ADM Endeavors, Inc. and Subsidiaries**

**Consolidated Statements of Cash Flows**

**For the Three Months Ended March 31, 2026 and 2025**

**(Unaudited)**

---

| | | |
|:---|:---|:---|
|  | **2026** | **2025** |
| **Cash flows from operating activities:** |  |  |
| Net income (loss) | $(132074) | $103455 |
| &nbsp;&nbsp;&nbsp;Adjustments to reconcile net income (loss) to net cash provided by continuing operations: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Depreciation and amortization | 25514 | 27271 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amortization of debt discount |  | 9021 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in derivative liability | (47364) | 3339 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gain on insurance claim |  | (264514) |
| &nbsp;&nbsp;&nbsp;Changes in operating assets and liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts receivable | 123128 | 4897 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other receivable, related party | (4560) | (2957) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inventory | 25660 | (96297) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prepaid expenses and other assets | 14059 | (27675) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts payable | 235 | (17793) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts payable - related party | (246206) | (1201) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accrued expenses | 34522 | (101967) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accrued interest - related party | 5492 | - |
| **Net cash used in operating activities** | (201594) | (364421) |
| **Cash flows from investing activities:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Purchase of property and equipment | (339753) | (1339626) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Proceeds from insurance | - | 374930 |
| **Net cash used in investing activities** | (339753) | (964696) |
| **Cash flows from financing activities:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Repayments on notes payable | (23977) | (16667) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Proceeds from line of credit - related party | 370000 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Proceeds from note payable | - | 1205456 |
| **Net cash provided by financing activities** | 346023 | 1188789 |
| Net change in cash | (195324) | (140328) |
| Cash at beginning of period | 358955 | 412449 |
| Cash at end of period | $163631 | $272121 |
| **Supplemental disclosure of cash flow information:** |  |  |
| &nbsp;&nbsp;&nbsp;Cash paid for interest | $87138 | $30009 |
| &nbsp;&nbsp;&nbsp;Cash paid for taxes | $- | $- |
| **Non-cash investing and financing activities:** |  |  |
| &nbsp;&nbsp;&nbsp;Capitalized loan costs | $4818 | $2428 |
| &nbsp;&nbsp;&nbsp;Expenses paid on behalf of the Company | $12309 | $- |

---

See accompanying notes to consolidated financial statements.

**ADM ENDEAVORS, INC. and Subsidiaries**

**Notes to the Consolidated Financial Statements**

**March 31, 2026**

**(Unaudited)**

**NOTE 1 – ORGANIZATION AND DESCRIPTION OF BUSINESS**

On January 4, 2001, we were incorporated in North Dakota as ADM Enterprises, Inc. On May 9, 2006, the Company changed its name to ADM Endeavors, Inc. ("ADM Endeavors," "ADM," "we," "us," "our," or the "Company") and its domicile to the state of Nevada. On July 1, 2008, the Company acquired all of the assets of ADM Enterprises, LLC ("ADM Enterprises"), a sole proprietorship owned by Ardell and Tammera Mees, in exchange for 10,000,000 newly issued shares of our common stock. As a result, ADM Enterprises became a wholly owned subsidiary of the Company. ADM then provided installation services to grocery décor and design companies primarily in North Dakota.

On April 19, 2018, the Company acquired Just Right Products, Inc. ("JRP"), a Texas corporation. JRP was incorporated on January 17, 2010. The acquisition of 100% of JRP from its sole shareholder, Marc Johnson, was through a stock exchange whereby the Company issued 2,000,000 shares of restricted Series A preferred stock (the "Acquisition Shares") to Mr. Johnson in consideration of the acquisition of 100% of JRP from Mr. Johnson. Each share of the Series A preferred stock is convertible into ten shares of common stock, and each share has 100 votes on a fully diluted basis. The Acquisition Shares represented 61% of the voting shares of the Company, and thus there was a change of voting control in connection with the transaction, and the transaction was accounted for as a reverse acquisition.

On April 27, 2023, the Company entered into an Asset Purchase Agreement with Innovative Impressions, Inc., a Texas corporation (the "Seller"), pursuant to which the Company acquired (the "Acquisition") embroidery equipment, inventory, and related assets from the Seller.

JRP is focused on being an added value reseller with concentration in embroidery, screen printing, importing and uniforms for businesses, schools and individuals in the State of Texas.

**NOTE 2 - GOING CONCERN AND MANAGEMENT'S PLANS**

As of March 31, 2026, the Company had a working capital deficit of $342,550, and for the three months ended March 31, 2026, a net loss of $132,074 and cash used in operating activities of $201,594. The Company expects to continue to invest a significant amount of capital to complete the construction of a new retail facility and to obtain additional financing through lines of credit and equity issuances, or the possible sale of unused land. Even if the Company returns to profitable, it may not be able to sustain or increase profitability on a quarterly or annual basis. The Company cannot predict when, or if, it will return to profitable. There can be no assurance that the opening of the new retail facility or the Company's access to financing will result in increased sales or a return to profitability.

These consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. These matters raise substantial doubt about the Company's ability to continue as a going concern for a reasonable period of time, which is defined as within one year after the date that the consolidated financial statements are issued. The consolidated financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from uncertainty related to our ability to continue as a going concern.

**NOTE 3 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES**

**Basis of Presentation**

The Company follows the accrual basis of accounting in accordance with generally accepted accounting principles in the United States of America ("U.S. GAAP") and has a year-end of December 31.

Management further acknowledges that it is solely responsible for adopting sound accounting practices, establishing and maintaining a system of internal accounting control and preventing and detecting fraud. The Company's system of internal accounting control is designed to assure, among other items, that 1) recorded transactions are valid; 2) valid transactions are recorded; and 3) transactions are recorded in the proper period in a timely manner to produce financial statements which present fairly the financial condition, results of operations and cash flows of the Company for the respective periods being presented.

The unaudited consolidated financial statements of the Company for the three month periods ended March 31, 2026 and 2025 have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and pursuant to the requirements for reporting on Form 10-Q and Regulation S-K. Accordingly, they do not include all the information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statements. However, such information reflects all adjustments (consisting solely of normal recurring adjustments), which are, in the opinion of management, necessary for the fair presentation of the financial position and the results of operations. Results shown for interim periods are not necessarily indicative of the results to be obtained for a full fiscal year. The balance sheet information as of December 31, 2025, was derived from the audited financial statements included in the Company's financial statements as of and for the year ended December 31, 2025, included in the Company's Annual Report on Form 10-K filed with the Securities and Exchange Commission (the "SEC") on March 31, 2026. These financial statements should be read in conjunction with that report.

**Principles of Consolidation**

The accompanying unaudited consolidated financial statements include all of the accounts of the Company and its wholly owned subsidiary, JRP, at March 31, 2026. All significant intercompany balances and transactions have been eliminated.

**Use of Estimates**

The preparation of the Consolidated Financial Statements in accordance with U.S. GAAP requires management to make use of certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the Consolidated Financial Statements and the reported amounts of revenue and expenses during the reported periods. The Company bases its estimates on historical experience and on various other assumptions that management believes are reasonable under the circumstances, the results of which form the basis for making judgments about carrying values of assets and liabilities that are not readily apparent from other sources. Actual results could differ from those estimates. Significant estimates are related to allowance for credit losses, inventory obsolescence, goodwill, derivative liability, stock-based compensation and deferred tax valuations.

**Stock-Based Compensation**

Stock-based compensation expense is recorded in accordance with FASB ASC Topic 718, Compensation – Stock Compensation, for stock and stock options awarded in return for services rendered. The expense is measured at the grant-date fair value of the award and recognized as compensation expense on a straight-line basis over the service period, which is the vesting period. The Company estimates forfeitures that it expects will occur and records expense based upon the number of awards expected to vest. During the three months ended March 31, 2026 and 2025, the Company issued no shares related to stock compensation, respectively, with no vesting period.

**Cash Equivalents**

The Company considers all highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents. At March 31, 2026, and December 31, 2025, the Company had no cash equivalents. Periodically, the Company may carry cash balances at financial institutions in excess of the federally insured limit of $250,000. The amount in excess of the FDIC insurance at March 31, 2026, was $0. The Company has not experienced losses on these accounts and management believes, based upon the quality of the financial institutions, that the credit risk with regard to these deposits is not significant.

**Allowance for Credit Losses**

The Company establishes an allowance for credit losses to ensure trade and notes receivable are not overstated due to non-collectability. The Company's allowance is based on a variety of factors, including age of the receivable, significant one-time events, historical experience, and other risk considerations. The Company had no allowance as of March 31, 2026 and December 31, 2025.

**Inventory**

Inventory is valued at the lower of cost or net realizable value. During the three months ended March 31, 2026 and 2025, cost was determined using a FIFO. The Company decreases the value of inventory for estimated obsolescence equal to the difference between the cost of inventory and the estimated market value, based upon an aging analysis of the inventory on hand, specifically known inventory-related risks, and assumptions about future demand and market conditions. The Company has inventory of $512,282 and $537,942 as of March 31, 2026, and December 31, 2025, respectively.

Two vendors accounted for approximately 100% of inventory purchases during the three months ended March 31, 2026. Two vendors accounted for approximately 87% of inventory purchases during the three months ended March 31, 2025.

**Derivative Instruments**

Derivatives are measured at their fair value on the balance sheet. In determining the appropriate fair value, the Company uses the Black-Scholes-Merton option pricing model. Changes in fair value are recorded in Other Income (Expense) of the consolidated statements of operations.

**Fair Value of Financial Instruments**

The Company measures its financial assets and liabilities in accordance with U.S. GAAP. For certain of our financial instruments, including cash, accounts payable, accrued expenses, and short-term loans, the carrying amounts approximate fair value due to their short maturities.

We follow accounting guidance for financial and non-financial assets and liabilities. This standard defines fair value, provides guidance for measuring fair value and requires certain disclosures. This standard does not require any new fair value measurements, but rather applies to all other accounting pronouncements that require or permit fair value measurements. This guidance does not apply to measurements related to share-based payments. This guidance discusses valuation techniques, such as the market approach (comparable market prices), the income approach (present value of future income or cash flow), and the cost approach (cost to replace the service capacity of an asset or replacement cost). The guidance utilizes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The following is a brief description of those three levels:

---

| | |
|:---|:---|
| Level 1: | Observable inputs such as quoted prices (unadjusted) in active markets for identical assets or liabilities. |
| Level 2: | Inputs other than quoted prices that are observable, either directly or indirectly. These include quoted prices for similar assets or liabilities in active markets and quoted prices for identical or similar assets or liabilities in markets that are not active. |
| Level 3: | Unobservable inputs in which little or no market data exists, therefore developed using estimates and assumptions developed by us, which reflect those that a market participant would use. |

---

The Company adopted the provisions of FASB ASC 820 (the Fair Value Topic) which defines fair value, establishes a framework for measuring fair value under U.S. GAAP, and expands disclosures about fair value measurements.

The Company had no assets or liabilities other than derivative liabilities measured at fair value on a recurring basis at March 31, 2026, and December 31, 2025.

**Fixed Assets**

Fixed assets are recorded at cost. Expenditures for major additions and betterments are capitalized. Maintenance and repairs are charged to operations as incurred. Depreciation is computed by the straight-line method over the assets estimated useful life, except for land which is not depreciated. Upon the sale or retirement of property and equipment, the related cost and accumulated depreciation are removed from the accounts and any gain or loss is reflected in consolidated statements of operations.

SCHEDULE OF ESTIMATED USEFUL LIVES OF FIXED ASSETS

---

| | |
|:---|:---|
| **Classification** | **Estimated Useful Lives** |
| Buildings | 39 years |
| Equipment | 5 to 7 years |
| Leasehold improvements | Shorter of useful life or lease term |
| Furniture and fixtures | 4 to 7 years |
| Websites | 3 years |

---

**Goodwill**

Goodwill represents the excess of purchase price and related costs over the value assigned to the net tangible assets of businesses acquired. Goodwill is not amortized, but instead assessed for impairment. We perform our annual impairment review of goodwill in our fiscal fourth quarter or when a triggering event occurs between annual impairment tests. No impairment was recorded in fiscal 2026 or 2025 as a result of our qualitative assessments over our single reporting segment.

The Company performs a qualitative assessment for each of its reporting units to determine if the two-step process for impairment testing is required. If the Company determines that it is more likely than not that the fair value of a reporting unit is less than its carrying amount, the Company would then evaluate the recoverability of goodwill using a two-step impairment test approach at the reporting unit level. In the first step, the fair value for the reporting unit is compared to its book value including goodwill. In the case that the fair value of the reporting unit is less than the book value, a second step is performed which compares the implied fair value of the reporting unit's goodwill to the book value of the goodwill. The fair value for the goodwill is determined based on the difference between the fair values of the reporting unit and the net fair values of the identifiable assets and liabilities of such reporting unit. If the implied fair value of the goodwill is less than the book value, the difference is recognized as impairment.

**Operating leases**

The Company recognizes its leases in accordance with ASC 842 - Leases. Under ASC 842, operating lease right-of-use ("ROU") assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. ROU assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. The initial lease liability is equal to the future fixed minimum lease payments discounted using the Company's incremental borrowing rate, on a secured basis. The lease term includes option renewal periods and early termination payments when it is reasonably certain that the Company will exercise those rights. The initial measurement of the ROU asset is equal to the initial lease liability plus any initial direct costs and prepayments, less any lease incentives. The Company elected the short-term lease exemption for contracts with lease terms of 12 months or less. The Company accounts for the lease and non-lease components of its leases as a single lease component. Lease expense is recognized on a straight-line basis over the lease term.

In determining the classification of a lease as operating or finance, ASC 842 allows for the use of judgment in determining whether the lease term is for a major part of the remaining economic life of the underlying asset and whether the present value of lease payments represents substantially all of the fair value of the underlying asset. The Company applies the bright line thresholds referenced in ASC 842-10-55-2 to assist in evaluating leases for appropriate classification.

**Impairment of Long-lived Assets**

The Company follows paragraph 360-10-05-4 of the FASB Accounting Standards Codification for its long-lived assets. The Company's long-lived assets, such as intellectual property, are required to be reviewed for impairment annually, or whenever events or changes in circumstances indicate that the carrying amount of the asset may not be recoverable.

The Company assesses the recoverability of its long-lived assets by comparing the projected undiscounted net cash flows associated with the related long-lived asset or group of long-lived assets over their remaining estimated useful lives against their respective carrying amounts. Impairment, if any, is based on the excess of the carrying amount over the fair value of those assets. Fair value is generally determined using the asset's expected future discounted cash flows or market value, if readily determinable. If long-lived assets are determined to be recoverable, but the newly determined remaining estimated useful lives are shorter than originally estimated, the net book values of the long-lived assets are depreciated over the newly determined remaining estimated useful lives.

The Company determined that there were no impairments of long-lived assets at March 31, 2026 and December 31, 2025.

**Revenue Recognition**

We recognize revenue for merchandise sales, net of expected returns and sales tax, at the time of in-store purchase or delivery of the product to our customer. When merchandise is shipped to our customers, we estimate receipt based on historical experience. Revenue is deferred and a liability is established for sales returns based on historical return rates and sales for the return period. We recognize an asset and corresponding adjustment to the cost of sales for our right to recover returned merchandise. At each financial reporting date, we assess our estimates of expected returns, refund liabilities and return assets. For merchandise sold in our stores and online, tender is accepted at the point of sale. When we receive payment before the customer has taken possession of the merchandise, the amount received is recorded as deferred revenue until the transaction is complete. Our performance obligations for unfulfilled merchandise orders are typically satisfied within one week. Shipping and handling fees charged to guests relate to fulfilment activities and are included in net sales with the corresponding costs recorded in cost of sales.

**Cost of Sales**

Cost of sales includes the actual cost of merchandise sold and services performed; the cost of transportation of merchandise from vendors to our distribution network, stores, or customers; shipping and handling costs from our stores or distribution network to customers; and the operating cost and depreciation of our sourcing and distribution network and online fulfilment centers.

**Net Income (Loss) per Share**

The Company computes basic and diluted income per share amounts pursuant to section 260-10-45 of the FASB Accounting Standards Codification. Basic income per share is computed by dividing net income available to common shareholders, by the weighted average number of shares of common stock outstanding during the period, excluding the effects of any potentially dilutive securities. Diluted income per share is computed by dividing net income available to common shareholders by the diluted weighted average number of shares of common stock during the period. The diluted weighted average number of common shares outstanding is the basic weighted number of shares adjusted as of the first day of the year for any potentially diluted debt or equity.

The dilutive effect of outstanding convertible securities and preferred stock is reflected in diluted earnings per share by application of the if-converted method.

The following is a reconciliation of basic and diluted earnings (loss) per common share for the three months ended March 31, 2026 and 2025:

SCHEDULE OF RECONCILIATION OF BASIC AND DILUTED EARNINGS (LOSS) PER COMMON SHARE

---

| | | |
|:---|:---|:---|
|  | **For the Three Months Ended** | **For the Three Months Ended** |
|  | **March 31,** | **March 31,** |
|  | **2026** | **2025** |
| **Basic earnings (loss) per common share** |  |  |
| Numerator: |  |  |
| Net income (loss) available to common shareholders | $(132074) | $103455 |
| Denominator: |  |  |
| Weighted average common shares outstanding | 158520409 | 156637143 |
| Basic earnings per common share | $(0.00) | $0.00 |
| **Diluted earnings (loss) per common share** |  |  |
| Numerator: |  |  |
| Net income (loss) available to common shareholders | $(132074) | $103455 |
| Derivative (gain) loss associated with convertible debt | (47364) | 3339 |
| Add convertible debt interest | 2325 | 2325 |
| Net income available to common shareholders | $(177113) | $109119 |
| Denominator: |  |  |
| Weighted average common shares outstanding | 158520409 | 156637143 |
| Preferred shares | 20000000 | 20000000 |
| Convertible debt | 10464442 | 7423347 |
| Adjusted weighted average common shares outstanding | 188984851 | 184060490 |
| Diluted earnings (loss) per common share | $(0.00) | $0.00 |

---

**Income Taxes**

The Company accounts for income taxes in accordance with FASB ASC 740, "Income Taxes." Deferred tax assets and liabilities are recognized for the future tax consequences attributable to temporary differences between the financial statements carrying amounts of existing assets and liabilities and loss carry forwards and their respective tax bases.

Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income (loss) in the years in which those temporary differences are expected to be recovered or settled.

The effect of a change in tax rules on deferred tax assets and liabilities is recognized in operations in the year of change. A valuation allowance is recorded when it is "more likely-than-not" that a deferred tax asset will not be realized.

Tax benefits of uncertain tax positions are recognized only if it is more likely than not that the Company will be able to sustain a position taken on an income tax return. The Company has no liability for uncertain tax positions as of March 31, 2026, and December 31, 2025. Interest and penalties, if any, related to unrecognized tax benefits would be recognized as interest expense. The Company does not have any accrued interest or penalties associated with unrecognized tax benefits, nor was any significant interest expense recognized during the three months ended March 31, 2026 and 2025.

**Segment Information**

In accordance with the provisions of ASC 280-10, "Disclosures about Segments of an Enterprise and Related Information," the Company is required to report financial and descriptive information about its reportable operating segments. The Company has one operating segment as of March 31, 2026, and December 31, 2025.

The Company manages its operations as a single segment for the purpose of assessing performance and making operating decisions. The Company's Chief Operating Decision Maker ("CODM") is its executive management committee. The CODM allocates resources and evaluates the performance of the Company using information about combined net income from operations. All significant operating decisions are based upon an analysis of the Company as one operating segment, which is the same as its reporting segment.

**Effect of Recent Accounting Pronouncements**

*Recently Issued Accounting Standards Not Yet Adopted*

The Company has reviewed all recently issued, but not yet adopted, accounting standards, in order to determine their effects, if any, on its results of operations, financial position or cash flows. Based on that review, the Company believes that no other pronouncements will have a significant effect on its financial statements.

**NOTE 4 – COMMITMENTS AND CONTINGENCIES**

***Legal Matters***

From time to time, we may be involved in litigation relating to claims arising out of our operations in the normal course of business. As of May 15, 2026, there were no pending or threatened lawsuits.

***Franchise Agreement***

The Company has a franchise agreement effective February 19, 2014, expiring in February 2024, with a right to renew for an additional five years to operate stores and websites in the Company's exclusive territory. In March 2024, the agreement was renewed for an additional five years, expiring on March 4, 2029. The Company is obligated to pay 5% of gross revenue for use of systems and manuals.

During the three months ended March 31, 2026 and 2025, the Company paid $7,302 and $7,108, respectively, for the franchise agreement.

***Uniform Supply Agreement***

The Company has an agreement to be the exclusive provider of school uniforms and logos for a charter school. The Company is obligated to provide a 3% donation to the charter school for each school year. The agreement is for each year from October 1 through September 30.

During the three months ended March 31, 2026 and 2025, the Company paid $0 for the uniform supply agreement.

**NOTE 5 – PROPERTY AND EQUIPMENT**

Property and equipment and finance lease right of use assets, stated at cost, less accumulated depreciation at March 31, 2026, and December 31, 2025, consisted of the following:

SCHEDULE OF FIXED ASSETS

---

| | | |
|:---|:---|:---|
|  | March 31, 2026 | December 31, 2025 |
| Land | $970455 | $970455 |
| Equipment | 896509 | 856509 |
| Autos and trucks | 34680 | 34680 |
| Construction in process | 7682132 | 7377561 |
| Less: accumulated depreciation | (606571) | (581057) |
| Property and equipment, net | $8977205 | $8658148 |

---

Depreciation expense for the three months ended March 31, 2026, and 2025, was $25,514 and $27,271, respectively.

**NOTE 6 – CONVERTIBLE NOTE PAYABLE AND NOTES PAYABLE**

***Convertible Note Payable***

On April 1, 2018, the Company assumed a convertible promissory note in connection with the reverse acquisition. The Company received total funding of $106,092 as of December 31, 2018. The note had fees of $53,046 which were recorded as a discount to the convertible promissory note and are being amortized over the life of the loan using the effective interest method. The maturity of the note is March 5, 2023. On March 5, 2023, the note was extended to September 5, 2023, and since then has been continuously extended. Subsequent to December 31, 2025, the note was extended to October 31, 2026.

The note is convertible into common stock at a price of 35% of the lowest three trading prices during the ten days prior to conversion or 35% of an estimated fair value if not traded. As of March 31, 2026 and December 31, 2025, the convertible debt was convertible into 21,430,446 and 7,381,169 common shares, respectively.

As of March 31, 2026 and December 31, 2025, the note balance was $106,092 with accrued interest of $111,177 and $108,852, respectively.

***Derivative liabilities***

The conversion features embedded in the convertible notes were evaluated to determine if such conversion feature should be bifurcated from its host instrument and accounted for as a freestanding derivative. In the convertible notes with variable conversion terms, the conversion feature was accounted for as a derivative liability. The derivatives associated with the term convertible notes were recognized as a discount to the debt instrument and the discount is amortized over the expected life of the notes with any excess of the derivative value over the note payable value recognized as additional interest expense at the issuance date.

The following table presents information about the Company's liabilities measured at fair value on a recurring basis and the Company's estimated level within the fair value hierarchy of those assets and liabilities as of March 31, 2026, and December 31, 2025:

SCHEDULE OF FAIR VALUE LIABILITIES MEASURED ON RECURRING BASIS

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |<br>Level 1 |<br>Level 2 |<br>Level 3 | Fair value at<br>March 31, 2026 |
| Liabilities: |  |  |  |  |
| Derivative liabilities | $- | $- | $204428 | $204428 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |<br>Level 1 |<br>Level 2 |<br>Level 3 | Fair value at<br>December 31, 2025 |
| Liabilities: |  |  |  |  |
| Derivative liabilities | $- | $- | $251792 | $251792 |

---

As of March 31, 2026 and December 31, 2025, the derivative liability was calculated using the Black-Scholes method over the expected terms of the convertible debt and the following assumptions: volatility of 110% and 102%, exercise price of $0.0101 and $0.0144, and risk-free rate of 3.72% and 3.59%, respectively. Included in Derivative Loss in the accompanying consolidated statements of operations is expense arising from the gain on change in fair value of the derivatives of $47,364 and loss on change in fair value of $3,339 during the three months ended March 31, 2026 and 2025, respectively.

SCHEDULE OF CHANGE IN FAIR VALUE OF DERIVATIVE LIABILITIES

---

| | |
|:---|:---|
| Fair value at December 31, 2025 | $251792 |
| Gain on change in fair value of derivative liabilities | (47364) |
| Fair value at March 31, 2026 | $204428 |

---

***Notes Payable***

On October 25, 2022, the Company entered into a secured promissory note in the amount up of $4,618,960. The note is secured by the deed of trust on the property and bears interest at 5.5% and is due on October 25, 2032. On October 25, 2027, the rate shall be adjusted to the daily rate reported in the Credit Markets section (or similar section) of The Wall Street Journal as the U.S. "Prime Rate" ("Index"), as announced from time to time, without notice to Maker, plus one percent (1.00%) (the sum being the "Adjusted Rate"); provided that in no event shall the Rate or Adjusted Rate exceed the lesser of eighteen percent (18%) per annum or the maximum rate permitted under applicable law. Monthly payments of accrued and unpaid interest shall commence on November 25, 2022, and continue on the same date of each succeeding calendar month through and including April 25, 2024. Thereafter, monthly principal and interest ("Payments") in the amount of $26,459 will be paid, which is the amount necessary to amortize the stated principal balance. The Company recorded $94,072 of loan cost as a debt discount and will be amortized over the life of the note. During the three months ended March 31, 2026, the Company repaid $13,800 of principal related to this note. During the three months ended March 31, 2026, the Company capitalized $2,318 of loan costs and $65,576 of interest related to this note. As of March 31, 2026, the loan balance was $4,496,114, net of $61,805 of debt discount. As of December 31, 2025, the loan balance was $4,507,597, net of $64,123 of debt discount.

On March 27, 2025, the Company entered into a secured promissory note in the amount up of $1,500,000. The note is secured by the deed of trust on the property and bears interest at 8.5% and is due on March 27, 2032. On March 27, 2030, the rate shall be adjusted to the daily rate reported in the Credit Markets section (or similar section) of The Wall Street Journal as the U.S. "Prime Rate" ("Index"), as announced from time to time, without notice to Maker, plus one percent (1.00%) (the sum being the "Adjusted Rate"); provided that in no event shall the Rate or Adjusted Rate exceed the lesser of eighteen percent (18%) per annum or the maximum rate permitted under applicable law. Monthly payments of accrued and unpaid interest shall commence on April 27, 2025, and continue on the same date of each succeeding calendar month through and including March 27, 2032. The Company recorded $76,990 of loan cost as a debt discount and will be amortized over the life of the note. During the three months ended March 31, 2026, the Company repaid $10,177 of principal related to this note. During the three months ended March 31, 2026, the Company capitalized $2,500 of loan costs and $21,562 of interest related to this note. As of March 31, 2026, the loan balance was $1,400,275, net of $66,738 of debt discount. As of December 31, 2025, the loan balance was $1,407,951, net of $69,238 of debt discount.

As of March 31, 2026, the secured notes payable balance was $5,896,389, consisting of long term notes payable of $5,896,389 and current portion of notes payable of $0. As of December 31, 2025, the secured notes payable balance was $5,915,548, consisting of long term notes payable of $5,915,148 and current portion of notes payable of $0.

**NOTE 7 – ACCRUED EXPENSES**

The Company had total accrued expenses of $528,752 and $506,539 as of March 31, 2026, and December 31, 2025, respectively. See breakdown below of accrued expenses:

SCHEDULE OF ACCRUED EXPENSES

---

| | | |
|:---|:---|:---|
|  | March 31, 2026 | December 31, 2025 |
| Credit cards payable | $297108 | $200416 |
| Accrued interest | 123101 | 120776 |
| Other accrued expenses | 108543 | 185347 |
| Total accrued expenses | $528752 | $506539 |

---

**NOTE 8 – RELATED PARTY TRANSACTIONS**

The majority shareholder, director and officer, is the owner of M & M Real Estate, Inc. ("M & M"). M & M leases the Haltom City, Texas facility to the Company. The monthly lease payment, under a month-to-month lease, is currently $6,500. The Company incurred lease expense, including equipment rental expense of $22,024 and $22,678 to M & M for the three months ended March 31, 2026, and 2025, respectively.

On March 27, 2026, the Company entered into a revolving credit agreement up to $500,000 with the Chief Executive Officer. The revolving credit line bears interest at 6.0% per annum, and all principal and accrued interest are secured by assets of the Company. During the three months ended March 31, 2026, the Company received $370,000 in cash proceeds and $12,309 of non-cash proceeds from this revolving credit agreement. As of March 31, 2026, the balance on the revolving credit line was $382,309, with accrued interest of $5,492.

**NOTE 9 – STOCKHOLDERS' EQUITY**

Our Articles of Incorporation authorize the issuance of 800,000,000 shares of common stock and 80,000,000 shares of preferred stock, $0.001 par value per share. There were 158,520,409 outstanding shares of common stock at March 31, 2026, and December 31, 2025, respectively. There were 2,000,000 outstanding shares of preferred stock as of March 31, 2026, and December 31, 2025, respectively. Each share of preferred stock has 100 votes per share and is convertible into 10 shares of common stock. The preferred stock pays dividends equal with common stock and has preferential liquidation rights to common stockholders.

On December 19, 2025, the Company entered into an equity financing agreement (the "Equity Financing Agreement") with GHS Investments LLC ("GHS"), pursuant to which GHS will purchase up to $20,000,000 of Company common stock (the "Put Shares") in tranches of up to $500,000, following an effective registration of the shares and subject to restrictions regarding the timing of each sale and total percentage stock ownership held by GHS. The purchase price for each tranche of Put Shares will be (i) prior to the Company listing its common stock on the Nasdaq Capital Market or another national exchange (the "Nasdaq Listing"), 80% of the lowest trading price during the 10-day period prior to each sale (the "Pricing Period"), or (ii) following the Nasdaq listing, 90% of the lowest volume-weighted average price during the Pricing Period subject to a $1.00 floor. Pursuant to the Equity Financing Agreement, the Company is also obligated to immediately issue an additional 1,156,738 shares of common stock to GHS as a commitment fee. The shares were valued at approximately $53,210 and were recorded as deferred financing costs on the balance sheet. The deferred charges will be charged against paid-in capital upon future proceeds from the sale of common stock under this agreement. As of March 31, 2026 and December 31, 2025, deferred financing costs totaled $53,210.

**NOTE 10 – CONCENTRATION OF CUSTOMERS**

*Concentration of Revenue*

For the three months ended March 31, 2026 and 2025, no customer made up over 10% of revenues.

*Concentration of accounts receivable*

One customer accounted for 21% or more of accounts receivable as of March 31, 2026 and one customer accounted for 11% of accounts receivable as of December 31, 2025.

**NOTE 11 – LEASE LIABILITY**

**Operating Leases**

The Company leases office space. Leases with an initial term of 12 months or less are not recorded on the balance sheet. Leases with initial terms in excess of 12 months are recorded as operating or financing leases in our consolidated balance sheet. Lease expense is recognized on a straight-line basis over the term of the lease. For leases beginning in 2018 and later, the Company accounts for lease components separately from the non-lease components. Most leases include one or more options to renew. The exercise of the lease renewal options is at the sole discretion of the Company. The depreciable life of the assets and leasehold improvements are limited by the expected lease term, unless there is a transfer of title or purchase option reasonably certain of exercise.

The Company leases approximately 18,000 square feet of space in Haltom City, Texas, pursuant to a month-to-month lease. This facility serves as our corporate headquarters, manufacturing facility and showroom. The lease is with M & M Real Estate, Inc. ("M & M"), a company owned solely by our majority shareholder and director of the Company.

**NOTE 12 – SUBSEQUENT EVENTS**

The Company has evaluated subsequent events through the filing date of this Form 10-Q and determined that no subsequent events have occurred that would require recognition in the consolidated financial statements or disclosures in the notes thereto.

**ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION OR PLAN OF OPERATION**

**SPECIAL NOTE CONCERNING FORWARD-LOOKING STATEMENTS**

We believe that it is important to communicate our future expectations to our security holders and to the public. This report, therefore, contains statements about future events and expectations which are "forward-looking statements" within the meaning of Sections 27A of the Securities Act of 1933 and 21E of the Securities Exchange Act of 1934, including the statements about our plans, objectives, expectations and prospects under the heading "Management's Discussion and Analysis of Financial Condition and Results of Operations." You can expect to identify these statements by forward-looking words such as "may," "might," "could," "would," "will," "anticipate," "believe," "plan," "estimate," "project," "expect," "intend," "seek" and other similar expressions. Any statement contained in this report that is not a statement of historical fact may be deemed to be a forward-looking statement. Although we believe that the plans, objectives, expectations and prospects reflected in or suggested by our forward-looking statements are reasonable, those statements involve risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by these forward-looking statements, and we can give no assurance that our plans, objectives, expectations and prospects will be achieved.

Important factors that might cause our actual results to differ materially from the results contemplated by the forward-looking statements are contained in the "Risk Factors" section of and elsewhere in our Annual Report on Form 10-K for the fiscal year ended December 31, 2025, and in our subsequent filings with the Securities and Exchange Commission. The following discussion of our results of operations should be read together with our financial statements and related notes included elsewhere in this report.

***Company Overview***

On January 4, 2001, ADM Endeavors, Inc. ("ADM Endeavors," "ADM," "we," "us," "our" or the "Company") was incorporated in North Dakota as "ADM Enterprises, Inc." On May 9, 2006, the Company changed its name to "ADM Endeavors, Inc." and its domicile to the State of Nevada. On July 1, 2008, the Company acquired all of the assets of ADM Enterprises, LLC ("ADM Enterprises") in exchange for 10,000,000 newly issued shares of Company common stock. As a result, ADM Enterprises became a wholly owned subsidiary of the Company. ADM then provided installation services to grocery décor and design companies primarily in North Dakota.

On April 19, 2018, the Company acquired Just Right Products, Inc. ("Just Right Products"), a Texas corporation, from its sole shareholder, Marc Johnson, through a share exchange transaction whereby the Company acquired 100% of Just Right Products and issued 2,000,000 shares of Series A Convertible Preferred stock ("Series A Preferred Stock") to the shareholder of Just Rights Products. Each share of the Series A Preferred Stock is convertible into 10 shares of Company common stock and each share has 100 votes on a fully diluted basis. The preferred shares represented 61% of the Company's voting shares and constituted a change of voting control of the Company, with the transaction accounted for as a reverse acquisition. As a result of the transaction, Just Right Products became a wholly owned subsidiary of the Company.

Since that time, the Company has exclusively focused on its Just Right Productions operations, which includes a diverse vertical integrated business consisting of a retail sales division, screen print promotions, embroidery production, digital production, import wholesale sourcing, and uniforms.

On April 27, 2023, the Company entered into an Asset Purchase Agreement with Innovative Impressions, Inc., a Texas corporation (the "Seller" or "Innovative Impressions"), pursuant to which the Company acquired embroidery equipment, inventory, and related assets from the Seller, which was paid by the issuance by the Company of a $200,000 secured promissory note (with a fair value of $143,637) to the Seller's principal.

**<u>For the Three Months Ended March 31, 2026 and 2025</u>**

*Revenues*

Our revenue was $1,024,620 for the three months ended March 31, 2026, compared to $926,732 for the three months ended March 31, 2025, resulting in an increase of $98,084, or 10.6%, between the periods. The increase was primarily due to a 27% increase in Q1 embroidery sales revenue.

*Operating Expenses*

Direct costs of revenues were $785,523 and $724,314 for the three months ended March 31, 2026, and 2025, respectively, resulting in an increase of $61,209, or 8.45%, between the periods. Direct costs increased due to increase in sales and tariffs fees. The gross margin increased from 21.8% during the three months ended March 31, 2025, to 23.3% during the three months ended March 31, 2026.

General and administrative expenses were $383,315 for the three months ended March 31, 2026, compared to $343,371for the same period in 2025, resulting in an increase of $39,944, or 11.6%, between the periods. General and administrative expenses increased due to the expense of moving from our old facility to our new fully completed 100,000 square foot manufacturing facility.

Marketing and selling expenses were $13,306 for the three months ended March 31, 2026, compared to $10,433 for the same period in 2025. The increase in marketing and selling expenses was directly tied to our continued investment in our online visibility and required updates to our web assets linked to our new facility.

Other income was $25,450 for the three months ended March 31, 2026, compared to other income of $255,037 for the same period in 2025. The change in 2026 other expense was primarily due to $264,514 net proceeds from an insurance claim in 2025 which was offset by the change in fair value of derivative liabilities of $50,703.

Net loss was $132,074 for the three months ended March 31, 2026, compared to net income of $103,455 for the three months ended March 31, 2025, for the reasons stated above.

***Liquidity and Capital Resources***

*Liquidity and Capital Resources during the three months ended March 31, 2026, compared to the three months ended March 31, 2025*

We had cash used in operations of $201,594 for the three months ended March 31, 2026, compared to cash provided by operations of $364,421 for the three months ended March 31, 2025. The decrease in positive cash flow from operating activities for the three months ended March 31, 2026, was primarily attributable to the change in derivative liability, gain on insurance claim, and changes to operating assets and liabilities.

We had cash used in investing activities of $339,753 for the three months ended March 31, 2026, and $964,696 for the three months ended March 31, 2025. The change in cash flow from investing activities for the three months ended March 31, 2026 was mainly attributable to a decrease in the purchase of property and equipment and the decrease in proceeds from insurance.

We had cash provided by financing activities of $346,023 for the three months ended March 31, 2026, compared to cash provided by financing activities of $1,188,789 for the same period in 2025. Cash used in financing activities consisted of proceeds from line of credit – related party offset by repayments on notes payable.

We will likely have to raise funds to pay for growth and acquisitions. We may have to borrow money from shareholders or issue debt or equity or enter into a strategic arrangement with a third party. There can be no assurance that additional capital will be available to us. We currently have no arrangements or understandings with any person to obtain funds through bank loans, lines of credit or any other sources.

***Critical Accounting Policies***

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires us to make a number of 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. Such estimates and assumptions affect the reported amounts of revenues and expenses during the reporting period. We base our estimates on historical experiences and on various other assumptions that we believe to be reasonable under the circumstances. Actual results may differ materially from these estimates under different assumptions and conditions. We continue to monitor significant estimates made during the preparation of our financial statements. On an ongoing basis, we evaluate estimates and assumptions based upon historical experience and various other factors and circumstances. We believe our estimates and assumptions are reasonable in the circumstances; however, actual results may differ from these estimates under different future conditions.

See Item 7, "Management's Discussion and Analysis of Financial Condition and Results of Operations" and Note 1, "Summary of Significant Accounting Policies" in our audited financial statements for the year ended December 31, 2025, included in our Annual Report on Form 10-K as filed on March 31, 2026, for a discussion of our critical accounting policies and estimates.

**ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK**

A smaller reporting company, as defined by Item 10 of Regulation S-K, is not required to provide the information required by this item.

**ITEM 4. CONTROLS AND PROCEDURES**

**Disclosure Controls and Procedures**

The Company does not currently maintain controls and procedures that are designed to ensure that information required to be disclosed by the Company in the reports it files or submits under the Exchange Act are recorded, processed, summarized, and reported within the time periods specified by the Commission's rules and forms.

Disclosure controls and procedures would include, without limitation, controls and procedures designed to provide reasonable assurance that information required to be disclosed by the Company in the reports it files or submits under the Exchange Act is accumulated and communicated to management, including the Chief Executive Officer and Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosure.

Under the supervision and with the participation of management, including the Company's Chief Executive Officer, the effectiveness of the Company's disclosure controls and procedures (as such term is defined in Rule 13a-15(e) and 15d-15(e) under the Exchange Act) as of March 31, 2026, have been evaluated, and based upon this evaluation, the Company's Chief Executive Officer has concluded that these controls and procedures are not effective in providing reasonable assurance of compliance.

**Changes in Internal Control over Financial Reporting**

Management will continue to monitor and evaluate the effectiveness of the Company's internal controls and procedures and the Company's internal controls over financial reporting on an ongoing basis and are committed to taking further action and implementing additional enhancements or improvements, as necessary and as funds allow. There were no changes in Internal Control Over Financial Reporting during the quarter ended March 31, 2026.

**<u>PART II - OTHER INFORMATION</u>**

**ITEM 1. LEGAL PROCEEDINGS.**

There are no pending legal proceedings in which we are a party or in which any of our directors, officers or affiliates, any owner of record or beneficiary of more than 5% of any class of our voting securities is a party adverse to us or has a material interest adverse to us. Our property is not the subject of any pending legal proceedings.

**ITEM 1A. RISK FACTORS.**

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.

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

None.

**ITEM 3. DEFAULTS UPON SENIOR SECURITIES.**

None.

**ITEM 4. MINE SAFETY DISCLOSURES.**

Not Applicable.

**ITEM 5. OTHER INFORMATION.**

None.

**ITEM 6. EXHIBITS**

---

| | |
|:---|:---|
| **Exhibit Number** | **Description** |
| 3.1 | [Articles of Incorporation (incorporated by reference to our Registration Statement on Form S-1, filed on October 8, 2013)](https://www.sec.gov/Archives/edgar/data/1588014/000126246313000672/ex31.htm) |
| 3.2 | [Bylaws (incorporated by reference to our Registration Statement on Form S-1, filed on October 8, 2013)](https://www.sec.gov/Archives/edgar/data/1588014/000126246313000672/ex32.htm) |
| 10.1 | [Texas Commercial Lease between M&M Real Estate Inc. and Just Right Products Inc., dated January 1, 2018 (incorporated by reference to our Annual Report on Form 10-K, filed on March 15, 2022)](https://www.sec.gov/Archives/edgar/data/1588014/000149315222006820/ex10-1.htm) |
| 10.2 | [Construction Loan Agreement, dated as of October 25, 2022, by and among ADM Endeavors, Inc., Just Right Products, Inc., and CapTex Bank (incorporated by reference to our Current Report on Form 8-K, filed on November 1, 2022)](https://www.sec.gov/Archives/edgar/data/1588014/000149315222030092/ex10-1.htm) |
| 10.3 | [Promissory Note, dated as of October 25, 2022, by ADM Endeavors, Inc., and Just Right Products, Inc., in favor of CapTex Bank (incorporated by reference to our Current Report on Form 8-K, filed on November 1, 2022)](https://www.sec.gov/Archives/edgar/data/1588014/000149315222030092/ex10-2.htm) |
| 10.4 | [Asset Purchase Agreement, dated April 27, 2023, by Just Right Products, Inc., and Innovative Impressions, Inc. (incorporated by reference to our Current Report on Form 8-K, filed on April 28, 2023)](https://www.sec.gov/Archives/edgar/data/1588014/000149315223014077/ex10-1.htm) |
| 10.5 | [Promissory Note, dated April 27, 2023, by Just Right Products, Inc., in favor of Robert Breese (incorporated by reference to our Current Report on Form 8-K, filed on April 28, 2023)](https://www.sec.gov/Archives/edgar/data/1588014/000149315223014077/ex10-2.htm) |
| 10.6 | [Pledge and Security Agreement, dated April 27, 2023, by Just Right Products, Inc., and Robert Breese (incorporated by reference to our Current Report on Form 8-K, filed on April 28, 2023)](https://www.sec.gov/Archives/edgar/data/1588014/000149315223014077/ex10-3.htm) |
| 10.7 | [Independent Consulting Agreement, dated April 27, 2023, by Just Right Products, Inc., and Robert Breese (incorporated by reference to our Current Report on Form 8-K, filed on April 28, 2023)](https://www.sec.gov/Archives/edgar/data/1588014/000149315223014077/ex10-4.htm) |
| 31.1 | [Certification of Principal Executive Officer of ADM Endeavors, Inc. required by Rule 13a-14(1) or Rule 15d-14(a) of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002](ex31-1.htm) |
| 31.2 | [Certification of Principal Accounting Officer of ADM Endeavors, Inc. required by Rule 13a-14(1) or Rule 15d-14(a) of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002](ex31-2.htm) |
| 32.1 | [Certification of Principal Executive Officer of ADM Endeavors, Inc. pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and Section 1350 Of 18 U.S.C. 63](ex32-1.htm) |
| 32.2 | [Certification of Principal Accounting Officer of ADM Endeavors, Inc. pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and Section 1350 Of 18 U.S.C. 63](ex32-2.htm) |
| 101.INS (2) | Inline XBRL Taxonomy Extension Instance Document |
| 101.SCH (2) | Inline XBRL Taxonomy Extension Schema Document |
| 101.CAL (2) | Inline XBRL Taxonomy Extension Calculation Linkbase Document |
| 101.DEF (2) | Inline XBRL Taxonomy Extension Definition Linkbase Document |
| 101.LAB (2) | Inline XBRL Taxonomy Extension Label Linkbase Document |
| 101.PRE (2) | Inline XBRL Taxonomy Extension Presentation Linkbase Document |
| 104 (2) | Cover Page Interactive Data file |

---

(1) Filed herewith.

(2) XBRL (Extensible Business Reporting Language) information is furnished and not filed or a part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, is deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and otherwise is not subject to liability under these sections.

**SIGNATURES**

In accordance with Section 13 or 15(d) of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

---

| | | |
|:---|:---|:---|
|  | **ADM ENDEAVORS, INC.** | **ADM ENDEAVORS, INC.** |
| Dated: May 15, 2026 |  | */s/ Marc Johnson* |
|  | By: | Marc Johnson |
|  | Its: | Chief Executive Officer |
| Dated: May 15, 2026 |  | */s/ Alex Archer* |
|  | By: | Alex Archer |
|  | Its: | Chief Financial Officer |

---

## Exhibit 31.1

**Exhibit 31.1**

**CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER**

**AND PRINCIPAL ACCOUNTING OFFICER**

**REQUIRED BY RULE 13A-14(a) OF THE SECURITIES EXCHANGE ACT OF 1934 AS AMENDED, AS ADOPTED PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002**

I, Marc Johnson, certify that:

1. I have reviewed this quarterly report on Form 10-Q of ADM Endeavors, Inc.;

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 consolidated 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 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;&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, 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;&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 consolidated financial statements for external purposes in accordance with generally accepted accounting principles;

&nbsp;&nbsp;&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;&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 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 the registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&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;&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: May 15, 2026

---

| | |
|:---|:---|
| By: | */s/ Marc Johnson* |
|  | Chief Executive Officer (Principal Executive Officer) |

---

## Exhibit 31.2

**Exhibit 31.2**

**CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER**

**AND PRINCIPAL ACCOUNTING OFFICER**

**REQUIRED BY RULE 13A-14(a) OF THE SECURITIES EXCHANGE ACT OF 1934 AS AMENDED, AS ADOPTED PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002**

I, Alex Archer, certify that:

1. I have reviewed this quarterly report on Form 10-Q of ADM Endeavors, Inc.;

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 consolidated 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 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;&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, 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;&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 consolidated financial statements for external purposes in accordance with generally accepted accounting principles;

&nbsp;&nbsp;&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;&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 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 the registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&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;&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: May 15, 2026

---

| | |
|:---|:---|
| By: | */s/ Alex Archer* |
|  | Chief Financial Officer (Principal Accounting Officer) |

---

## Exhibit 32.1

**Exhibit 32.1**

**CERTIFICATION OF**

**PRINCIPAL EXECUTIVE OFFICER**

**AND PRINCIPAL ACCOUNTING OFFICER**

**PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF**

**THE SARBANES-OXLEY ACT OF 2002**

I, Marc Johnson, Chief Executive Officer of ADM Endeavors, Inc. (the "Company"), certify, pursuant to 18 U.S.C. Section 1350 adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Quarterly Report on Form 10-Q of the Company for the period ended March 31, 2026 (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;&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: May 15, 2026

---

| | |
|:---|:---|
| By: | */s/ Marc Johnson* |
|  | Chief Executive Officer (Principal Executive Officer) |

---

## Exhibit 32.2

**Exhibit 32.2**

**CERTIFICATION OF**

**PRINCIPAL EXECUTIVE OFFICER**

**AND PRINCIPAL ACCOUNTING OFFICER**

**PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF**

**THE SARBANES-OXLEY ACT OF 2002**

I, Alex Archer, Chief Financial Officer of ADM Endeavors, Inc. (the "Company"), certify, pursuant to 18 U.S.C. Section 1350 adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Quarterly Report on Form 10-Q of the Company for the period ended March 31, 2026 (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;&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: May 15, 2026

---

| | |
|:---|:---|
| By: | */s/ Alex Archer* |
|  | Chief Financial Officer (Principal Accounting Officer) |

---