UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

~~☒ Quarterly Report Pursuant To Section 13 or 15~~(dMark One) ~~of the Securities Exchange Act of 1934~~

~~For~~☒ ~~the~~QUARTERLY ~~quarterly~~REPORT ~~period~~PURSUANT ~~ended:~~TO ~~September~~SECTION ~~30,~~13 ~~2025~~OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

☐For ~~Transition Report Under Section 13 or 15(d) of~~ the ~~Securities~~Quarterly ~~Exchange~~Period ~~Act~~Ended ofMarch ~~1934~~31, 2026

~~For the transition period from ______ to_______~~or

~~Commission~~☐ ~~File~~TRANSITION ~~Number:~~REPORT ~~0-28963~~PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ___________________ to ___________________

Commission file number 0-28963

STRATEGIC ACQUISITIONS INC /NV/

STRATEGIC ACQUISITIONS, INC.

(Exact name of registrant as specified in its charter)

Nevada		13-3506506
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)
(State or other Jurisdiction		(I.R.S. Employer
of Incorporation or Organization)		Identification No.)

51 JFK Parkway, Suite 135, Short Hills, New Jersey 07078 (Address of Principal Executive Offices) (908) 266-0541 (Registrant’s Telephone Number, Including Area Code)

2464 Darts Cove Way

(Mount Pleasant Charleston, SC

29466

(Address of principal executive offices)

(Zip Code)

~~Securities registered pursuant to Section 12~~(b212) ~~of the Act: None~~ 495-9234

~~Securities~~(Registrant’s ~~registered~~telephone ~~pursuant~~number, toincluding ~~Section~~area ~~12(g~~code) ~~of the Act:~~

Title of Each Class		Trading Symbol		Name of each Exchange on which Registered
Common Stock, par value $0.001		STQN		N/A

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

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☐ No ☒

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, par value $0.001		STQN		OTCID

Indicate by check mark ifwhether the registrant is(1) ~~not~~has ~~required~~filed toall ~~file~~ reports ~~pursuant~~required to be filed by Section 13 or ~~Section~~ 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 ~~(1)~~ has ~~filed~~submitted ~~all~~electronically ~~reports~~every Interactive Data File required to be ~~filed~~submitted bypursuant ~~Section~~to 13Rule 405 ~~or 15(d)~~ of ~~the~~Regulation ~~Securities~~S-T ~~Exchange Act~~(§ 232.405 of ~~1934~~this chapter) during the ~~past~~preceding 12 months (or for such shorter period that the registrant was required to ~~file~~submit such ~~reports~~files)~~, and (2) has been subject to such filing requirements for the past 90 days~~. Yes ☒ No ☐

Indicate by check mark whether the registrant ~~has~~is ~~submitted~~a ~~electronically~~large ~~every~~accelerated ~~Interactive~~filer, ~~Data~~an ~~File~~accelerated ~~required~~filer, toa benon-accelerated ~~submitted~~filer, ~~pursuant~~a tosmall ~~Rule~~reporting company, ~~405~~or ofan ~~Regulation~~emerging ~~S-T~~growth ~~(§ 232~~company.~~405~~ ofSee ~~this chapter) during~~ the ~~preceding~~definitions 12of ~~months~~“large ~~(or~~accelerated ~~for~~filer,” ~~such~~“accelerated ~~shorter~~filer,” ~~period~~“smaller reporting ~~that~~company” ~~the~~or ~~registrant was~~an ~~required~~“emerging togrowth ~~submit~~company” ~~and~~in ~~post~~Rule ~~such~~12b-2 ~~files).~~of ~~Yes~~the ☒Exchange ~~No ☐~~Act.

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

~~Large~~If an ~~Accelerated~~emerging ~~Filer~~growth ☐company, ~~Non-Accelerated~~indicate ~~Filer~~by ☐check ~~Accelerated~~mark ~~Filer~~if ☐the ~~Smaller~~registrant ~~Reporting~~has ~~Company~~elected ☒not ~~Emerging~~to ~~growth~~use ~~company~~the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act: ☐

IfIndicate ~~an emerging growth company, indicate~~ by check mark ifwhether the registrant ~~has~~is ~~elected~~a ~~not~~shell tocompany ~~use~~(as ~~the~~defined ~~extended~~in ~~transition~~Rule ~~period~~12b-2 ~~for complying with any new or revised financial accounting standards provided pursuant to Section 13(a)~~ of the ~~Securities~~ Exchange Act). Yes ☐ No ☒

~~Indicate~~There bywere ~~check~~46,675,000 ~~mark~~shares ~~whether~~of the registrant’s iscommon astock ~~shell~~outstanding ~~company (~~as ~~defined in Rule 12b-2~~ of ~~the~~May ~~Act).~~1, ~~Yes ☐ No ☒~~2026

There were 6,675,000 shares of the registrant’s common stock outstanding as of as of Oct 31, 2025

STRATEGIC ACQUISITIONS, INC.

~~FORM~~FOR ~~10-Q~~THE QUARTERLY PERIOD ENDED MARCH 31, 2026

For the Quarterly Period Ended March 31, 2025

		Page
PART I.	FINANCIAL INFORMATION	3

ITEM 1.	FINANCIAL STATEMENTS	3

	CONSOLIDATED BALANCE SHEETS AS OF MARCH 31 2026 AND DECEMBER 31, 2025	3

	CONSOLIDATED STATEMENTS OF OPERATIONS FOR THE THREE MONTHS ENDED MARCH 31, 2026 AND 2025	4

	CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ DEFICIT FOR THE THREE MONTHS ENDED MARCH 31, 2026 AND 2025	5

	CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE THREE MONTHS ENDED MARCH 31, 2026 AND 2025	6

	NOTES TO CONSOLIDATED FINANCIAL STATEMENTS	7

ITEM 2.	MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS	17

ITEM 3.	QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK	21

ITEM 4.	CONTROLS AND PROCEDURES	21

PART II.	OTHER INFORMATION	22

ITEM 1.	LEGAL PROCEEDINGS	22

ITEM 1A.	RISK FACTORS	22

ITEM 2.	UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS	22

ITEM 3.	DEFAULTS UPON SENIOR SECURITIES	22

ITEM 4.	MINE SAFETY DISCLOSURES	22

ITEM 5.	OTHER INFORMATION	22

ITEM 6.	EXHIBITS	23

SIGNATURES		24

~~TABLE OF CONTENTS~~2

		Page
PART I — FINANCIAL INFORMATION
	ITEM 1 — Financial Statements	2
	Balance Sheets	2
	Statements of Operations	3
	Statements of Stockholders’ Equity	4
	Statements of Cash Flows	5
	Notes to Financial Statements	6
	ITEM 2 — Management’s Discussion and Analysis of Financial Condition and Results of Operations	15
	ITEM 4 — Controls and Procedures	19
PART II — OTHER INFORMATION
	ITEM 1 — Legal Proceedings	20
	ITEM 2 — Unregistered Sales of Equity Securities and Use of Proceeds	20
	ITEM 5 — Other Information	20
	ITEM 6 — Exhibits	20
SIGNATURES		21

PART I – FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

STRATEGIC ACQUISITIONS, INC.

~~CONDENSED~~ CONSOLIDATED BALANCE SHEETS

	September 30,			December 31,
	March 31 2026			December 31 2025
	2025			2024
	(Unaudited)
		(Unaudited)
ASSETS
Assets
CURRENT ASSETS
Cash	$	12,~~936~~927		$	~~23,281~~508
Prepaid expenses		-2,148			~~865~~4,880
Total assets	$	1,936		$	24,146
TOTAL CURRENT ASSETS		5,075			5,388
NON CURRENT ASSETS:		-
TOTAL ASSETS	$	5,075		$	5,388
Liabilities and shareholders’ equity (deficit)
Liabilities
CURRENT LIABILITIES
Accounts payable and accrued expenses	$	~~4,887~~723		$	102,~~552~~319
Due to related party (noninterest bearing, due on demand)		-			95,621
TOTAL CURRENT LIABILITIES:	$	723		$	2,319
Total liabilities		4,887			106,173
NON CURRENT LIABILITIES:		-			-
Shareholders’ Equity
TOTAL LIABILITIES	$	723		$	2,319
Common stock, $$0.001 par value; 50,000,000 shares authorized; 6,675,000 shares issued and outstanding as of September 30, 2025 and December 31, 2024		6,675			6,675
STOCKHOLDERS’ EQUITY (DEFICIT)
Additional paid-in capital		457,056			353,736
Common stock, $0.001 par value; 50,000,000 shares authorized; 46,675,000 shares issued and outstanding as of March 31, 2026 and 6,675,000 shares issued and outstanding as of December 31, 2025 respectively	$	46,675		$	6,675
Accumulated deficit		(466,682	)		(442,438	)
Additional paid-in capital		478,057			478,057
Total shareholders’ deficit		(2,951	)		(82,027	)
Accumulated deficit		(520,380	)		(481,663	)
Total liabilities and shareholders’ deficit	$	1,936		$	24,146
TOTAL SHAREHOLDERS’ EQUITY (DEFICIT)		4,352			3,069
Total liabilities and shareholders’ equity (deficit)	$	5,075		$	5,388

The accompanying notes are an integral part of ~~these~~the ~~condensed~~ consolidated financial statements.

STRATEGIC ACQUISITIONS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(UNAUDITED)

	Three Months Ended September 30, 2025			Three Months Ended September 30, 2024			Nine Months Ended September 30, 2025			Nine Months Ended September 30, 2024
Revenues
Loan administrative service fees	$	-		$	-		$	-		$	-
Interest income		-			16,177			-			43,671
Total revenues		-			16,177			-			43,671
Operating expenses
Selling, general and administrative expenses		(3,347	)		44,388			24,244			117,012
Total operating expenses		(3,347	)		44,388			24,244			117,012
Income (loss) from operations		3,347			(28,211	)		(24,244	)		(73,341	)
Other (expense), net
Interest expense		-			(1,447	)		-			(18,804	)
Amortization of loan origination fee		-			(290	)		-			(3,761	)
Total other (expense), net		-			(1,737	)		-			(22,565	)
Income (loss) before income taxes provision (benefit)		3,347			(29,948	)		(24,244	)		(95,906	)
Income taxes expense (benefit)		-			-			-			-
Net income (loss)	$	3,347		$	(29,948	)	$	(24,244	)	$	(95,906	)
Net income (loss) per share - basic and diluted	$	0.00		$	(0.00	)	$	(0.00	)	$	(0.01	)
Weighted average shares outstanding - basic and diluted		6,675,000			6,675,000			6,675,000			6,675,000

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

STRATEGIC ACQUISITIONS, INC.

~~CONDENSED~~ CONSOLIDATED STATEMENTS OF ~~SHAREHOLDERS’ DEFICIT~~OPERATIONS

	Shares		Amount		Capital		Deficit)			(Deficit)
					Additional		Retained Earnings			Total Shareholders’
	Common Stock				Paid-in		(Accumulated			Equity
	Shares		Amount		Capital		Deficit)			(Deficit)
Balance at December 31, 2024		6,675,000	$	6,675	$	353,736	$	(442,438	)	$	(82,027	)
Net loss		-		-		-		(25,044	)		(25,044	)
Balance at March 31, 2025 (Unaudited)		6,675,000	$	6,675	$	353,736	$	(467,482	)	$	(107,071	)
Net loss		-		-		-		(2,547	)		(2,547	)
Balance at June 30, 2025 (Unaudited)		6,675,000	$	6,675	$	353,736	$	(470,029	)	$	(109,618	)
Net income		-		-		-		3,347			3,347
Capital contribution		-		-		103,320		-			103,320
Balance at September 30, 2025 (Unaudited)		6,675,000	$	6,675	$	457,056	$	(466,682	)	$	(2,951	)

For the three months ended March 31

					Additional		Retained Earnings			Total Shareholders’
	Common Stock				Paid-in		(Accumulated			Equity
	Shares		Amount		Capital		Deficit)			(Deficit)
Balance at December 31, 2023		6,675,000	$	6,675	$	353,736	$	(317,724	)	$	42,687
Net loss		-		-		-		(43,450	)		(43,450	)
Balance at March 31, 2024 (Unaudited)		6,675,000	$	6,675	$	353,736	$	(361,174	)	$	(763	)
Net loss		-		-		-		(22,508	)		(22,508	)
Balance at June 30, 2024 (Unaudited)		6,675,000	$	6,675	$	353,736	$	(383,682	)	$	(23,271	)
Balance		6,675,000	$	6,675	$	353,736	$	(383,682	)	$	(23,271	)
Net income		-		-		-		(29,948	)		(29,948	)
Net income (loss)		-		-		-		(29,948	)		(29,948	)
Balance at September 30, 2024 (Unaudited)		6,675,000	$	6,675	$	353,736	$	(413,630	)	$	(53,219	)
Balance		6,675,000	$	6,675	$	353,736	$	(413,630	)	$	(53,219	)

(UNAUDITED)

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

	2026			2025

REVENUE	$	-		$	-
Interest income		-			-
Total revenues		-			-

Operating expenses
Selling, general and administrative		38,717			25,044
Total operating expenses		38,717			25,044

Loss from operations		(38,717	)		(25,044	)

Other income (expense)
Interest expense		-			-
Amortization of loan origination fee		-			-
Total other income (expense)		-			-

Loss Before Income Taxes		(38,717	)		(25,044	)

Less: Provision for Income Taxes		-			-

Net Loss	$	(38,717	)	$	(25,044	)

Basic and Dilutive Net Loss Per Share	$	(0.00	)	$	(0.00	)

Basic and dilutive – Weighted average number of common shares outstanding		46,675,000			6,675,000

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

STRATEGIC ACQUISITIONS, INC.

~~CONDENSED~~ CONSOLIDATED STATEMENTS OF ~~CASH~~CHANGES ~~FLOWS~~IN STOCKHOLDERS’ DEFICIT

~~(UNAUDITED)~~As of March 31, 2026

	Nine Months Ended September 30, 2025			Nine Months Ended September 30, 2024
Cash flows from operating activities:
Net (loss)	$	(24,244	)	$	(95,906	)
Adjustments to reconcile net loss to net cash used in operating activities:
Amortization of loan origination fees		-			3,761
Change in operating assets and liabilities:
Prepaid expenses		864			300
Interest receivable					11,456
Accounts payable and accrued expenses		(5,664	)		2,741
Net cash (used in) operating activities		(29,044	)		(77,648	)
Cash flows from investing activities:
Collection of loan receivable		-			1,374,691
Net cash provided by investing activities		-			1,374,691
Cash flows from financing activities:
Repayment of note payable		-			(1,388,576	)
Proceeds from related party		7,699			63,121
Net cash provided by (used in) financing activities		7,699			(1,325,455	)
Net change in cash and cash equivalents		(21,345	)		(28,412	)
Cash,beginning of period		23,281			54,169
Cash, end of period	$	1,936		$	25,757
Supplemental disclosure of cash flow information:
Cash paid during the period for:
Interest	$	-		$	15,911
Income taxes	$	-		$	-
Non-cash financing activities
Conversion of related party loan to capital contribution	$	103,320		$	-

(Unaudited)

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

	Number of Shares		Amount		Paid in Capital		Accumulated Deficit			TOTAL
	Common Stock at Par $0.001				Additional
	Number of Shares		Amount		Paid in Capital		Accumulated Deficit			TOTAL
Balance at December 31, 2024		6,675,000	$	6,675	$	353,736	$	(441,440	)	$	(81,029	)
Capital Contribution								124,321			124,321
Net loss				-		-	$	(40,223	)		(40,223	)
Balance at December 31, 2025		6,675,000	$	6,675	$	478,057	$	(481,663	)	$	3,069
Balance		6,675,000	$	6,675	$	478,057	$	(481,663	)	$	3,069
Shares issued for cash		40,000,000		40,000							40,000
Net loss				-		-		(38,717	)		(38,717	)
Balance at March 31, 2026		46,675,000	$	46,675	$	478,057	$	(520,380	)	$	4,352
Balance		46,675,000	$	46,675	$	478,057	$	(520,380	)	$	4,352

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

STRATEGIC ACQUISITIONS, INC.

~~NOTES~~CONSOLIDATED TOSTATEMENTS ~~CONSOLIDATED~~OF ~~FINANCIAL~~CASH ~~STATEMENTS~~FLOWS

~~(UNAUDITED)~~For the three months ended March 31,

(Unaudited)

	2026			2025
operating activities:
Net Income (loss)	$	(38,717	)	$	(25,044	)
Adjustments to reconcile net loss to net cash used in operating activities:
Amortization of loan origination fees

Changes in assets and liabilities:
(Increase) decrease in assets
Prepaid expenses		2,732			864
Interest receivable		-			-
Increase (decrease) in liabilities		-
Accounts payable and accrued expenses		(1,596	)		(14	)
Net cash used in operating activities	$	(37,581	)	$	(24,194	)

INVESTING ACTIVITIES:
Net cash provided by investing activities		-			-

financing activities:
Proceeds from related party	$	-			7,200
Shares Issued for cash		40,000			-
Net cash provided by (used in) financing activities	$	40,000		$	7,200
NET INCREASE/(DECREASE) IN CASH		2,419			(16,994	)

CASH AT BEGINNING OF PERIOD	$	508		$	23,281

CASH AT END OF PERIOD	$	2,927		$	6,287

Supplemental Cashflow information:
Interest Paid	$	-		$	-
Taxes Paid		-			-

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

STRATEGIC ACQUISITIONS, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

Note 1 - Organization and Nature of Operations

Organization

Strategic Acquisitions, Inc. (“STQN”) was organized January 27, 1989 under the laws of the State of Nevada. On November 29, 2022, STQN incorporated a subsidiary, STQN Sub, Inc. (“STQN Sub”). Since inception to December 22, 2022, STQN did not engage in any significant business activities other than organizational efforts, the sale of stock, and the evaluation of potential acquisition targets with active business operations. STQN Sub is a dormant entity with no reportable balances

Effective December 22, 2022, STQN completed a reverse acquisition of Exworth Union Inc (“Union”) (the “Transaction”) through a share exchange with the two shareholders of Union. To complete the Transaction, STQN issued a total of 3,960,000 shares of STQN common stock (representing 59.3% of STQN’s issued and outstanding common stock after the Transaction) to the two shareholders of Union in exchange for 1,100 shares of Union’s common stock, representing 100% of Union’s issued and outstanding common stock. As a result of the Transaction, STQN now owns all of the issued and outstanding common stock of Union, the surviving company of the merger between STQN Sub and Union. Prior to the Transaction, Exworth Management LLC (“Exworth Management”) owned 91% of the outstanding common stock of Union and approximately 74% of the outstanding common stock of STQN.

The Transaction was accounted for as a “reverse recapitalization” in accordance with accounting principles generally accepted in the United States (“GAAP”). Under this method of accounting, STQN was treated as the “acquired” company for financial reporting purposes and Union was determined to be the accounting acquirer based on the terms of the Transaction and other factors including: (i) Union’s stockholders having a majority of the voting power of the combined company and (ii) the operations of Union comprising all of the ongoing operations of the combined entity. Operations prior to the Transaction are those of Union.

Subsequent to the Transaction, the Company conducts its operations through Union, a Delaware corporation, which was formed on March 16, 2022. Union provides loans that are collateralized by digital assets such as Bitcoin. ~~and~~In ~~will~~the ~~accept~~near asfuture ~~collateral~~the company plans to accept other types of ~~alternative~~ assets as collateral, such as ~~eCommerce~~ecommerce accounts receivable, ~~recursive~~recurring payments of software asservices ~~service~~ (SAAS) subscriptions, IP and copyrights.

STQN and Union are collectively referred to as the “Company”.

Nature of Operations

Loans made by the Company are collateralized with digital assets of such kind and in such amounts as the Company determines from time to time to be acceptable. As of ~~September~~March ~~30, 2025 and December~~ 31, ~~2024~~2026, there are no loans receivable outstanding and no digital assets collateral. The Company’s target markets are individuals and commercial enterprises that hold digital assets and are seeking liquidity without selling their digital assets, with limited or no options to obtain a credit line or business loans from conventional financial institutions. The Company provides term loans, up to two years, to these individuals and commercial enterprises.

The Company originates U.S. dollar denominated loans and offers loans to both individual and business borrowers who own digital assets and desire to borrow against such digital assets rather than selling them. Borrowers that receive loans from the Company are required to transfer a specified value of digital assets to the Company to be held as collateral and security for the repayment of the loans. Upon maturity and repayment of a borrower’s loan, the digital asset collateral is returned to the borrower.

Also, under the loan agreements with borrowers, the Company has the right to repledge collateral to secure transactions, including loans that the Company maintains with third parties for capital management purposes and market neutral trading strategies to generate investment returns. ~~See Note 6 – Note Payable for a description of these loan arrangements.~~

The Company also provides loan administration services to borrowers and lenders. The Company is responsible for processing loan payments, forwarding information to counterparties, responding to inquiries, keeping loan profile records, preparing loan statements, and managing bank accounts and collateral accounts. At the time that the Company initiated these business activities, the Company had very limited competition in the United States. Presently, there are many companies and most with far more resources and existing customers that the Company is competing with. As a consequence, the Company is exploring way to add to and augment our business lines.

Going Concern Uncertainty

The accompanying consolidated financial statements have been prepared applicable to a going concern which contemplates the realization of assets and liquidation of liabilities in the normal course of business. As of September 30, 2025, the Company had cash of $1,936 and a shareholders’ deficit of $2,951. For the nine months ended September 30, 2025 and 2024, the Company had losses of $24,244 and $95,906, respectively. These factors among others raise substantial doubt about the ability of the Company to continue as a going concern for a reasonable period of time. Management plans to seek debt and/or equity financing to operate until such times as the Company has established sufficient ongoing revenues to cover its costs. However, there is no assurance that management will be successful in accomplishing its plan. These financial statements do not include any adjustments relating to the recoverability and classification of assets or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

Note 2 – Summary of Significant Accounting Policies

Basis of presentation

The accompanying ~~unaudited interim condensed~~ consolidated financial statements have been prepared in ~~accordance~~conformity with ~~United~~accounting ~~States~~principles generally accepted ~~accounting~~by ~~principles~~the United States of America (“GAAP”) as ~~determined~~found byin the ~~Financial~~ Accounting Standards ~~Board~~Codification (“~~FASB~~ASC”) ~~within its~~and ~~Accounting~~the Accounting Standards Codification (“ASC”) and ~~under~~ the ~~rules~~Financial ~~and~~Accounting ~~regulations~~Standards ofBoard ~~the~~(“FASB”) ~~SEC~~under ~~for interim financial information. Accordingly, they do not include all of~~ the ~~information~~rules and ~~footnotes required by GAAP for complete annual financial statements. In the~~regulations ~~opinion~~to ~~of management,~~ the ~~unaudited~~United ~~interim~~states ~~condensed~~Securities ~~consolidated~~and ~~financial~~Exchange ~~statements~~Commission ~~reflect~~SEC ~~all~~and ~~adjustments, consisting only of normal, recurring adjustments, that~~ are ~~necessary~~expressed ~~for~~in ~~the fair presentation of the Company’s balance sheet, results of operations and statements of cash flows for the periods presented~~U.S. ~~The unaudited interim condensed consolidated financial statements are not necessarily indicative of the results to be expected for the full year or any other period~~dollars.

These unaudited interim condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes included in the Company’s 10-K filed with the SEC pursuant to Section 12(g) under the Securities Exchange Act of 1934, on February 5, 2025.

Principles of consolidation

~~These~~As ~~accompanying~~of ~~unaudited~~March ~~interim~~31, ~~condensed~~2026, ~~consolidated~~the ~~financial~~accounts ~~statements~~ include ~~the~~those ~~financial~~of ~~statements~~Strategic ofAcquisitions, ~~STQN~~Inc and its ~~subsidiaries. All~~100% ~~significant~~owned ~~intercompany~~subsidiary ~~transactions~~Exworth ~~and~~Union, ~~balances~~Inc. ~~between~~Its ~~the~~wholly owned ~~Company~~subsidiary ~~and~~STQN ~~its~~Sub, ~~subsidiaries~~Inc. ~~are~~is ~~eliminated~~dormant ~~upon~~and ~~consolidation~~has no reportable balances.

Subsidiaries are those entities in which the Company, directly or indirectly, controls more than one half of the voting power; or has the power to govern the financial and operating policies, to appoint or remove a majority of the members of the board of directors, or to cast a majority of votes at the meeting of directors.

Use of Estimates

The preparation of financial statements in accordance with GAAP requires management to make estimates and assumptions that affect certain reported amounts and disclosures. The most significant accounting estimates inherent in the preparation of the Company’s financial statements include calculations of the fair values of repledged borrowers’ digital asset collateral and the allowance for loan losses. Actual results could differ from those estimates.

Cash and Cash Equivalents

The Company considers all highly liquid investments with original maturities of three months or less to be cash equivalents.

~~The~~Concentration ~~Federal Deposit Insurance Corporation (“FDIC”) insures accounts up to $250,000 per Federally insured institution. As of September 30, 2025~~ and ~~December~~credit ~~31, 2024, the Company had no uninsured balances on deposit at banks.~~risk

~~Borrower~~The ~~Collateral~~Company maintains balances in various operating accounts at financial institutions that management believes to be of high credit quality, from time to time, amounts may exceed federally insured limits. The Company has not experienced any losses related to its cash and ~~Custody~~cash equivalents ~~Assets~~and does not believe that it is subject to unusual credit risk beyond the normal credit risk associated with commercial banking relationships. The Federal Deposit Insurance Corporation (“FDIC”) insures accounts up to $250,000 per Federally insured institution. As of March 31, 2026 and December 31, 2025, the Company had no uninsured balances on deposit at banks.

~~The~~Financial ~~Company~~instruments ~~requires~~that ~~loans~~potentially tosubject ~~have~~the ~~certain~~Company ~~collateral~~to ~~levels~~concentrations atof ~~origination~~credit ~~and~~risk ~~throughout~~consist ~~the~~primarily ~~term~~ of ~~the~~cash, ~~loan.~~loans ~~The~~receivable, ~~loan agreement with~~digital ~~each~~assets ~~borrower~~held ~~specifies~~as ~~that~~collateral. ~~the~~The ~~borrower transfers and assigns to the~~ Company’s ~~the~~loan ~~collateral~~portfolio ~~together~~may ~~with~~be ~~all~~concentrated ~~rights~~among ~~and~~a ~~interests attached~~limited ornumber ~~accruing~~of ~~thereto~~borrowers ~~(including without limitation accrued dividends~~ and ~~distributions~~is ~~declared, made or paid after the relevant~~secured ~~date~~by ofdigital ~~delivery)~~asset collateral. ~~Borrowers~~The ~~deposit the~~ collateral ~~into~~is aonly ~~3rd~~Bitcoin ~~party~~which ~~designated~~can ~~custody~~be ~~wallet~~subject ~~address~~to ~~that~~market isvolatility. ~~under~~The ~~the control of the~~ Company. ~~Although~~additionally monitors the ~~Company~~creditworthiness ~~maintains control~~ of ~~the~~borrowers ~~collateral, according to the loan agreement entered between each borrower~~ and the ~~Company,~~value ~~the~~of ~~borrower~~collateral ~~has~~on ~~the~~an ~~unilateral~~ongoing ~~ability~~basis to ~~cause~~mitigate ~~the~~credit ~~Company~~risk. toAs ~~return the collateralized digital assets upon full repayment~~ of ~~the~~March ~~loan~~31, ~~related~~2026 ~~borrower fees~~ and ~~other~~December 31, ~~applicable fees at maturity. As a result~~2025, the ~~transfer~~Company ofheld ~~digital~~no ~~assets~~loan byreceivable abalances ~~borrower~~neither ~~does not qualify as a sale~~collateral.

~~When~~The aCompany ~~transfer~~utilizes ofthird-party ~~digital~~service ~~assets~~providers ~~does~~for ~~not~~the ~~qualify~~custody asof adigital ~~sale~~assets. Accordingly, the ~~transfer~~Company is exposed to berisks ~~accounted~~associated with ~~for~~these ascustodians, aincluding ~~secured~~the ~~borrowing~~risk ~~with a pledge~~ of ~~collateral~~loss, intheft, ~~accordance~~or ~~with~~misappropriation ~~FASB~~of ~~ASC~~digital ~~310~~assets, ~~Receivables~~as ~~(“ASC~~well ~~310”).~~as ~~When~~potential ~~the~~service ~~collateral is repledged by~~disruptions. ~~the~~The Company tomonitors ~~a lender,~~ the ~~Company~~performance ~~records the collateral at fair value as “Collateral receivable”~~ and ~~“Digital~~reliability ~~asset collateral~~of ~~due~~its tocustodians ~~customers”~~ on ~~the~~an ~~Balance~~ongoing ~~Sheet~~basis.

AThe ~~receivable is recorded to represent the obligation of the third-party lender to return the repledged collateral to the~~ Company. Adid ~~payable is~~not ~~also~~generate ~~recorded~~any torevenue, ~~represent~~had ~~the~~no ~~Company’s~~customers ~~obligation~~and tohad ~~return~~no ~~the~~loans ~~collateral~~outstanding ~~back~~during to the ~~customer.~~year ~~The receivable and the liability are recorded at fair value and marked to market on a quarterly basis.~~ended

~~Allowance~~December 31, 2025 and for ~~Loan~~the ~~Losses~~three months ended March 31, 2026.

FASB ASC 310, Receivables (“ASC 310”) and ASC 450-20, Contingencies – Loss Contingencies (“ASC 450”) address evaluating loan losses and impairments in loan portfolios. A company should recognize an allowance for loan losses when it is probable that the company will be unable to collect all amounts due, including both the contractual borrower fee and principal payments under the loan agreement. Based on current information and events, if it is probable that a loan loss has been or will be incurred and the amount of the loss can be reasonably estimated, a loan loss should be recorded.

The process for determining the amount of the allowance requires subjective and complex judgments about the future, including forecasts of economic or market conditions that might impair the ability of borrowers to repay their loans. Changes in economic conditions affecting borrowers, revisions to accounting rules and related guidance, new qualitative or quantitative information about existing loans, identification of additional problem loans, changes in the size or composition of a company’s finance receivables and loan portfolio, changes to a company’s loss estimation techniques including consideration of forecasted economic assumptions, and other factors, both within and outside of control, may require an increase in the allowance for loan losses.

Revenue recognition

Borrower Fee

The Company offers U.S. Dollar loans collateralized by digital assets to a broad range of customers and generates revenue from interest income and fees earned on loans. Revenue derived from borrower fees on loans is outside the scope of ASC 606, Revenue from Contracts with Customers (“ASC 606”) and is recognized ratably over the life of the loan. The applicable borrower fee rates for loans will vary based on several factors including the originating loan-to-value ratio, loan duration and jurisdiction. Liquidation handling fees, late fees, stabilization fees, or conversion fees may apply in the case of a collateral sale and are recognized at the time the liquidation, late payment, stabilization, or conversion occurs.

~~Loan~~Prepaid ~~administration services~~Expenses

~~The~~Prepaid ~~Company~~Expenses ~~provides~~are ~~loan~~primarily ~~administration~~governed ~~services~~by toASC ~~customers~~340-10-25 (~~see~~Other ~~Note~~Assets ~~6). The Company serves as a third party that acts as a liaison between the lender~~ and ~~borrower~~Deferred ofCosts- ~~a loan~~Recognition.) ~~The~~In ~~Company~~accordance ~~has~~with ~~two~~this ~~performance obligations~~standard, ~~which consist of a servicing part and a reporting part. For servicing, the Company is generally responsible for processing loan~~ payments~~, forwarding information to counterparties, responding~~ tomade ~~inquiries,~~by ~~and managing banking and collateral accounts. Revenue is based on a fixed percentage of~~ the ~~loan principal and is recognized at closing of a loan. For reporting, the~~ Company isin ~~generally~~cash ~~responsible~~or ~~for~~other ~~keeping~~forms ~~records~~ of aconsideration ~~loan profile, and preparing drawdown, disbursement, and amortization details on a monthly statement~~ for ~~customer’s~~goods ~~review.~~or ~~Revenue~~services isnot ~~generally~~yet areceived ~~fixed~~are ~~monthly~~classified ~~charge and~~as ~~recognized~~prepaid ~~over the life of a loan until fully repaid~~expenses.

~~Income~~Digital ~~Taxes~~Currencies - Bitcoin

The Company ~~follows~~accounts ~~Accounting~~for ~~Standards~~digital ~~Codification~~assets ~~subtopic~~in ~~740,~~accordance ~~Income~~with ~~Taxes (“ASC 740”), which requires~~ the ~~Company~~AICPA toPractice ~~use the~~Aid ~~asset~~“Accounting ~~and liability method of accounting~~ for ~~income taxes. Under the asset~~ and ~~liability~~Auditing ~~method,~~of ~~deferred~~Digital ~~tax assets and liabilities~~Assets” ~~are~~(June ~~recognized~~30, ~~for~~2022) ~~the expected future tax consequences of temporary differences between the carrying amounts~~ and ~~the~~SEC ~~tax~~Staff ~~bases~~Accounting ofBulletin ~~assets and liabilities at currently enacted tax rates~~No. ~~Under this accounting standard~~121, ~~the~~which ~~effect~~provide onnon-authoritative ~~deferred~~guidance ~~income~~under ~~taxes~~U.S. ofGAAP. aThere ~~change~~is ~~in tax~~currently ~~rates~~no isspecific ~~recognized~~authoritative inguidance ~~income~~on inaccounting ~~the~~for ~~period~~digital ~~that~~assets; ~~includes~~therefore, ~~the~~digital ~~enactment~~assets ~~date.~~that Alack ~~valuation~~physical ~~allowance~~substance ismeet ~~recognized~~the definition ifof itintangible isassets ~~not~~and ~~more~~are ~~likely than~~accounted ~~not~~for ~~that~~under ~~some~~FASB ~~portion,~~ASC ~~or all~~350, ofIntangibles a- ~~deferred~~Goodwill ~~tax~~and ~~asset will be realized~~Other.

~~ASC~~Effective ~~740-10~~June 30, ~~Accounting for Uncertainty in Income Taxes~~2024, ~~defines uncertainty in income taxes and~~ the ~~evaluation~~Company ofearly aadopted ~~tax~~FASB ~~position~~ASU ~~as a two~~2023-~~step process. The first step is to determine whether it is more likely than not that a tax position will be sustained upon examination~~08, ~~including the~~“Accounting ~~resolution~~for ofand ~~any~~Disclosure ~~related appeals or litigation based on the technical merits~~ of ~~that~~Crypto ~~tax position~~Assets.” ~~The~~This ~~second step is to measure~~standard arequires ~~tax position~~ that ~~meets~~qualifying ~~the~~crypto ~~more~~assets, ~~likely~~including ~~than~~Bitcoin, ~~not threshold to determine the amount of benefit to~~ be ~~recognized in the financial statements. A tax position is~~ measured at ~~the~~fair ~~largest~~value ~~amount~~under ofASC ~~benefit~~820, ~~that~~with ~~has~~changes ain ~~greater~~fair ~~than~~value ~~50 percent likelihood of being realized upon ultimate settlement. Tax positions that previously failed to meet the more likely than not recognition threshold should be~~ recognized ~~in the first~~ ~~subsequent period~~ in ~~which~~net the threshold is met. The Company will continue to monitor its tax positions in the applicable jurisdictions and adjust this liability accordingly. The Company has evaluated whether or not there are uncertain tax positions that require financial statement recognition and has determined that no uncertain tax positions related to federal and state income ~~taxes~~each ~~existed~~reporting ~~as of September 30~~period, ~~2025~~replacing ~~and~~the ~~December~~previous ~~31,~~impairment ~~2024~~model.

~~Earnings~~The ~~per~~Company ~~Share~~held no digital assets as of March 31, 2026, and December 31, 2025.

~~Basic~~Borrower ~~net~~Collateral income (loss) per share is calculated based upon the weighted average number of shares of common stock outstanding during the relevant period. Diluted net income (loss) per share is calculated based upon the weighted average number of shares of common stock outstanding and ~~dilutive~~Digital ~~securities~~Asset (such as stock options, warrants and convertible debt) outstanding during the relevant period. Diluted securities having an anti-dilutive effect on dilutive net income (loss) per share are excluded from the calculation.Custody

~~Recently~~The ~~Issued~~Company ~~Accounting~~requires ~~Pronouncements~~borrowers to provide collateral at origination and to maintain specified collateral levels throughout the term of the loan. Pursuant to the loan agreements, borrowers transfer digital asset collateral, primarily consisting of Bitcoin, to third-party custody wallet addresses controlled by the Company.

The Company ~~continually~~evaluates ~~assesses~~these ~~any~~transfers ~~new~~under ~~accounting~~ASC ~~pronouncements~~860 toand ~~determine~~has ~~their applicability. When it is~~ determined that asuch ~~new~~transfers ~~accounting pronouncement~~do ~~affects~~not ~~the~~qualify ~~Company’s~~as ~~financial reporting~~sales, ~~the~~as ~~Company~~borrowers ~~undertakes~~retain athe right ~~study~~ to ~~determine~~reclaim the ~~consequences~~collateral upon full repayment of the ~~change to~~loan, ~~its~~including ~~financial~~any ~~statements~~accrued interest and ~~assures~~fees. ~~that~~Accordingly, ~~there~~these arrangements are ~~proper~~accounted ~~controls~~for inas ~~place~~secured ~~to ascertain that the Company’s financial statements properly reflect the change~~borrowings.

InDigital ~~June~~assets ~~2016,~~held ~~the~~as ~~FASB~~collateral ~~issued~~and ~~ASU~~under ~~2016-13,~~rehypothecation ~~Financial~~arrangements ~~Instruments~~are —accounted ~~Credit~~for ~~Losses~~in ~~(ASC~~accordance ~~326):~~with ~~Measurement~~ASU of2023-08 ~~Credit~~and ~~Losses~~are onmeasured ~~Financial~~at ~~Instruments~~fair value, ~~that~~with changes ~~the~~in ~~impairment~~fair ~~model~~value ~~for~~recognized ~~most~~in ~~financial~~earnings ~~assets and certain other instruments. For receivables, loans and other instruments, entities will be required to use a new forward-looking “expected loss” model that generally will result~~ in the ~~earlier~~ ~~recognition~~period ofin ~~the~~which ~~allowance~~such ~~for~~changes ~~losses~~occur. ~~In addition, an entity will have to disclose significantly more information about allowances and credit quality indicators.~~ The ~~new~~related ~~standard~~receivables ~~was effective for the Company for fiscal years beginning after December 15, 2022. The~~and ~~adoption~~liabilities ofare ~~ASU~~also ~~2019-12~~measured ~~did~~at ~~not~~fair ~~have a significant effect on the Company’s financial statements~~value.

InWhen ~~December 2019,~~ the ~~FASB~~Company ~~issued~~receives ~~ASU~~collateral ~~2019-12,~~in ~~Income~~connection ~~Taxes~~with ~~(ASC~~secured ~~740):~~transactions ~~Simplifying~~and ~~the~~has ~~Accounting for Income Taxes, which is part of~~ the ~~FASB’s~~ ~~initiative~~right to ~~reduce~~sell ~~complexity~~or inrepledge ~~accounting~~that ~~standards. The ASU eliminates certain exceptions to the general principles of ASC 740~~collateral, ~~Income Taxes, and simplifies income tax accounting in several areas. The new standard was effective for~~ the Company ~~for fiscal~~ ~~years~~recognizes ~~beginning~~the ~~after~~collateral ~~December~~as ~~15,~~an ~~2021.~~asset ~~The~~and ~~adoption~~records ofa ~~ASU~~corresponding ~~2019-12~~liability ~~did~~reflecting ~~not~~the ~~have~~obligation ato ~~significant~~return ~~effect on~~ the ~~Company’s~~collateral ~~financial~~to the ~~statements~~counterparty.

The Company may rehypothecate digital asset collateral to third-party lenders. In such instances, the Company recognizes (i) a receivable representing its right to receive the collateral from the third-party lender and (ii) a corresponding liability representing its obligation to return the collateral to the borrower. These amounts are presented on a gross basis in the consolidated balance sheets.

The accounting for these arrangements requires significant judgment, including the evaluation of control over transferred assets, the determination of fair value, and the assessment of risks associated with third-party custodians and counterparties.

Collateralized Loans Receivable

Loans receivables represent written promissory obligations under which the Company has the contractual right to receive principal and, when applicable, interest from borrowers. Loans are recognized when the Company becomes a party to the contractual arrangement and are initially recorded at the principal amount advanced, adjusted for any unamortized premium, discount, and deferred origination fees and costs, as applicable.

Interest income is recognized over the contractual term of the loan using the effective interest method in accordance with ASC 835-30.

If a loan does not bear interest at a market rate, the Company imputes interest based on an appropriate market rate at inception, unless the arrangement qualifies for a scope exception under applicable guidance.

~~Note~~Loans 3receivables -are ~~Fair~~generally ~~Value~~secured ~~Measurement~~by collateral, including digital assets. The Company monitors collateral levels on an ongoing basis and may require additional collateral or liquidate collateral in the event of borrower default or significant market volatility.

~~Fair~~Allowance ~~value~~for isCredit ~~defined~~Losses ~~as the price that would be received upon sale of an asset or paid to transfer a liability~~ (~~i.e., the ‘exit price’~~Loans) ~~in an orderly transaction between market participants at the measurement date.~~

~~GAAP~~The ~~utilizes~~Company aaccounts ~~fair value hierarchy~~ for ~~inputs~~expected ~~used~~credit inlosses ~~measuring~~on ~~fair~~loans ~~value~~receivable ~~that~~in ~~maximizes~~accordance ~~the~~with ~~use~~ASC ~~of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available~~326. ~~Observable~~An ~~inputs~~allowance ~~are~~for ~~those~~credit ~~that~~losses ~~market~~is established ~~participants~~upon ~~would~~initial ~~use~~recognition inof ~~pricing~~a ~~the~~loan ~~asset~~and oris ~~liability~~updated ~~based~~at oneach ~~market~~reporting ~~data~~date ~~obtained~~to ~~from sources independent of the Company. Unobservable inputs~~ reflect ~~the Company~~management’s ~~assumptions~~estimate ~~about~~of ~~the~~expected ~~inputs~~credit ~~market~~losses ~~participants would use in pricing the asset or liability developed~~over ~~based on~~ the ~~best~~contractual ~~information~~life ~~available~~of in the ~~circumstances~~loan.

The ~~fair~~estimate of expected credit losses incorporates historical credit loss experience, current borrower specific information, collateral value ~~hierarchy~~(including isdigital ~~categorized~~asset ~~into~~collateral, ~~three~~where ~~levels~~applicable), ~~based~~payment onhistory, ~~the~~and ~~inputs~~reasonable asand ~~follows:~~supportable forecasts of future economic conditions.

~~Level~~Loans 1are –evaluated ~~Valuations~~individually ~~based~~when onthey ~~unadjusted~~do ~~quoted~~not ~~prices~~share insimilar ~~active~~risk ~~markets~~characteristics ~~for identical assets or liabilities that the Company has the ability to access. Since valuations are based on quoted prices that are readily~~ and ~~regularly~~collectively ~~available~~when insimilar anrisk ~~active~~characteristics ~~market, these valuations do not entail a significant degree of judgment~~exist.

~~Level~~When 2collectability –of ~~Valuations~~principal ~~based~~or oninterest ~~quoted~~is ~~prices~~not probable, ~~other~~the ~~than~~loan ~~those~~is inplaced ~~Level~~on 1,nonaccrual ~~for~~status ~~identical~~and ~~assets~~interest orincome ~~liabilities~~recognition inis ~~markets that are not~~suspended. ~~active~~Interest orincome ~~for~~recognition ~~similar~~resumes ~~assets~~when ~~and~~collectability ~~liabilities~~becomes ~~for~~reasonably ~~which significant inputs are observable, either directly or indirectly~~assured.

~~Level~~Loans 3are –written ~~Valuations~~off ~~based~~when onmanagement ~~inputs~~determines that recovery of principal is not expected. Any bsubsequent recoveries are ~~unobservable~~recorded ~~and~~as ~~significant~~a toreduction of ~~the~~credit ~~overall~~loss ~~fair~~expense ~~value~~in ~~measurement~~the period received.

~~The~~Business Company’s financial instruments include cash and cash equivalents, accounts payable and accrued expenses, due to related party, note payable, and digital asset collateral due to customer. The fair values of cash and cash equivalents, accounts payable and accrued expenses, due to related party, and note payable approximate their stated amounts because of the short maturity of these financial instruments.segments

The ~~availability~~Company ofuses ~~valuation~~the ~~techniques~~“management ~~and~~approach” ~~observable~~to ~~inputs~~identify ~~can~~its ~~vary~~reportable ~~by investment~~segments. ToThe ~~the~~management ~~extent~~approach ~~that~~designates ~~valuations~~the ~~are~~internal organization ~~based~~used onby ~~sources that~~management ~~are~~for ~~less~~making ~~observable~~operating ordecisions ~~unobservable~~and inassessing ~~the~~performance ~~market,~~as the ~~determination~~basis offor ~~fair~~identifying ~~value~~the ~~requires~~Company’s ~~more judgment~~reportable segments. ~~Fair~~Using ~~value~~the ~~estimates do~~management ~~not~~approach, ~~necessarily represent~~ the ~~amounts~~Company determined that ~~may~~it behas ~~ultimately~~one ~~realized~~operating ~~by the Company~~segment.

~~Note~~Fair 4–value ~~Collateralized~~of ~~Loans~~financial ~~Receivable and Allowance for Loan Losses~~instruments

OnThe ~~July~~Company follows paragraph 825-10,-50-10 ~~2024,~~of ~~Union~~the ~~collected~~FASB Accounting Standards Codification for disclosures about fair value of its ~~loan~~financial instruments ~~receivable~~and paragraph 820-10-35-37 of ~~$1,374,691.~~the OnFASB ~~July~~Accounting ~~12,~~Standards ~~2024,~~Codification ~~Union~~(“Paragraph ~~repaid~~820-10-35-37”) to measure the fair value of its ~~note~~financial ~~payable~~instruments. Paragraph 820-10-35-37 establishes a framework for measuring fair value in accounting principles generally accepted in the United States of ~~$1,388,576~~America (U.S.) OnGAAP ~~July~~and expands disclosures about fair value measurements. To increase consistency ~~15,~~and ~~2024~~comparability in fair value measurements and related disclosures, ~~the~~Paragraph ~~100~~820-10-35-37 ~~Bitcoins~~establishes ~~collateral~~a ~~was~~fair ~~returned~~value ~~from~~hierarchy which prioritizes the ~~lender~~inputs ~~and~~to ~~returned~~valuation techniques used to measure fair value into three (3) broad levels. The fair value hierarchy gives the ~~borrower~~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:

~~At the~~● ~~time~~Level of1 ~~origination,~~Quoted ~~loans~~market ~~are~~prices ~~secured~~available ~~and~~in ~~over-collateralized~~active ~~with~~markets ~~digital~~for ~~assets~~identical ~~the Company determines from time to time to be acceptable collateral. As of September 30, 2025 and December 31, 2024 there were no loans receivable outstanding and no digital~~ assets ~~collateral.~~ Borrowers make principal payments at maturity and make interest payments quarterly. The interest rate is set by the Company and is impacted by loan terms and amounts. Once a loan application is approved, a loan is created when a borrower sends collateral to the Company’s collateral wallet (the “The Company’s Custody Wallet”) and funds are disbursed to the borrower’s bank account. During the term of the loan, the Company may repledge a borrower’s collateral and move it out of the Company’s Custody Wallet. During the term of the loan, borrowers are required to maintain a certain level of loan to value (“LTV”) ratio, which is the loan amount divided by real time fair value of the collateral. If at any time the LTV reaches the LTV margin call level, borrowers are required to deposit additional collateral with the Company so that the LTV drops to the required level. According to its loan agreements, the Company has the ability to sell or ~~liquidate~~liabilities ~~a borrower’s collateral assets to repay its loan principal if a margin call is not cured~~ as ~~required under the contractual terms. If the threshold for collateral liquidation is surpassed, the Company may liquidate a portion or all~~ of the ~~collateral~~reporting ~~assets~~date. ~~The liquidation handling fee is generally 2.00% of the principal amount of the loan. Since inception, the Company has not received any liquidation fees.~~

●

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.

The company has no asset and liabilities that require measurement on fair value basis.

~~The~~Revenue Company does not recognize its digital asset-backed loans extended as sale transactions as defined by FASB ASC 860. Upon the maturity of a digital asset-backed loan, the Company expects to receive back the borrowed amount it originally extended as a loan plus borrower fees and any unpaid interest and to return the borrower’s collateral. The Company values its collateralized outstanding loans at par, shown at principal values. Loans are secured by digital assets which are the collateral for loans. The Company originates loans at various LTVs to over-collateralize each loan. A margin call notice is triggered when the LTV exceeds 85% of the current collateral value at which time the Company notifies the borrower to post additional collateral or make a payment to cure the margin call to reduce the LTV to under 85% within 24 hours of notice (unless the LTV reverts back to 85% within 2 business days). Otherwise, the Company may at its sole and absolute discretion sell, transfer, liquidate or otherwise dispose of all or a part of the collateral and apply the net proceeds to the discharge of the borrower’s obligations.Recognition

~~Allowance~~The ~~for~~Company ~~Loan~~offers ~~Losses~~U.S. dollar-denominated loans collateralized by digital assets and generates revenue from (i) interest income and loan-related fees and (ii) loan administration services. Interest income is presented as revenue in the statements of operations as it represents the Company’s principal business activity.

AnInterest ~~allowance~~Income ~~for~~and ~~loan losses is established with respect to loans held for investment through periodic charges to the provision for loan losses.~~ Loan losses are charged against the allowance for loan losses when management believes that the future collection of the principal of a loan is unlikely. To date, the Company does not have any experience with losses on the portfolio and therefore has not recorded an allowance for loan losses in the periods presented.Fees

~~Management~~The ~~classifies~~Company’s ~~loans~~lending ~~into~~activities ~~risk~~give ~~categories~~rise ~~based~~to onfinancial ~~their~~assets ~~original~~(loans ~~LTV and monitors the current LTV on a recurring basis~~receivable). ~~The~~Revenues ~~allowance~~ is ~~subjective~~ asrecognized itin ~~requires~~accordance ~~material~~with ~~estimates~~ASC 606, Revenue ~~including~~from ~~such~~Contracts ~~factors~~with asCustomers ~~historical~~and ~~trends.~~ASC ~~Other~~310 ~~qualitative~~and ~~factors~~ASC ~~considered~~835-30, ~~may~~as ~~include items~~interest ~~such~~income asis ~~uncertainties~~earned inusing the ~~digital~~effective ~~asset~~interest ~~market,~~method ~~changes in~~ over the ~~composition~~contractual term of the ~~Company’s lending portfolio, business conditions and emerging trends~~loan. ~~Recovery~~The ofapplicable ~~the~~borrower ~~carrying~~fee ~~value~~rates offor loans isvary ~~dependent~~based ~~to a great extent~~ on ~~conditions~~several ~~that~~factors ~~may~~including bethe ~~beyond~~originating ~~the~~loan-to-value ~~Company’s~~ratio, ~~control.~~loan ~~Although~~duration ~~the~~and ~~Company~~jurisdiction ~~has~~and ~~not~~are ~~experienced~~earned ~~any~~rateably ~~losses~~over on the ~~portfolio~~life toof ~~date,~~the ~~any~~loan. ~~combination~~Liquidation ofhandling ~~the~~fees, ~~previously~~late ~~described~~fees, ~~factors~~stabilization ~~may~~fees, ~~affect~~or ~~its~~conversion ~~loan~~fees ~~portfolio~~may ~~resulting~~apply in ~~potential~~the ~~loan~~case ~~losses~~of a collateral sale and ~~could~~are ~~require~~recognized anat ~~allowance~~the ~~for~~time ~~loan~~the ~~loss~~liquidation, ~~which~~ ~~could~~late ~~impact~~payment, ~~future~~stabilization, ~~periods~~or conversion occurs.

AsAdministrative of September 30, 2025 and December 31, 2024, management has not liquidated any collateral and the Company has not incurred any losses on the outstanding portfolio. The Company also over collateralizes its loans with digital assets, which allow the Company to liquidate the pledged collateral for an amount at least equal to the principal owed. On July 10, 2024, Union collected its loan receivable of $1,374,691. On July 12, 2024, Union repaid its note payable of $1,388,576. On July 15, 2024, the 100 Bitcoins collateral was returned from the lender and returned to the borrower.Fees

~~Note~~The 5Company -also ~~Collateral~~provides ~~Receivable~~loan administration services, acting as an intermediary between lenders and borrowers. These services include payment processing, collateral and account management, customer support, and preparation of periodic loan reports. The Company has determined that these activities are highly interrelated and represent a single combined performance obligation.

~~Digital~~Revenue ~~Asset~~from ~~Collateral~~loan ~~Receivable~~administration services is recognized in accordance with ASC 606 as follows:

~~In July~~● ~~2022,~~Step ~~the~~1: ~~Company~~Contracts ~~repledged~~are ~~its~~established ~~customer~~through ~~collateral by entering into a master~~ loan ~~agreement~~contracts ~~with~~and aadministration ~~counterparty~~agreements ~~lender (see Note 6). In accordance~~ with ASC 860, upon repledging, the Company recognizes an asset for the collateral receivable from the counterparty (within “Collateral receivable” on the balance sheet) and a liability for the collateral due to customercustomers. Upon adoption of SAB 121, all customer collateral, whether it is repledged or not, is recorded as an asset of the Company on the balance sheet. The liability to return the collateral to the customer is also recorded. Under SAB 121, both the asset and liability relating to the collateral is recorded at fair value and marked to market on a quarterly basis.

~~On July~~● ~~10,~~Step ~~2024,~~2: ~~Union~~A ~~collected~~single ~~its~~combined ~~loan~~performance ~~receivable~~obligation ofis ~~$1,374,691.~~identified Onfor ~~July~~integrated ~~12,~~servicing ~~2024, Union repaid its note payable of $1,388,576. On July 15, 2024, the 100 Bitcoins collateral was returned from the lender~~ and ~~returned~~reporting ~~to the borrower~~activities.

●

Step 3: The transaction price consists of fees charged in accordance with contractual terms.

●

Step 4: As a single performance obligation exists, allocation is not required.

●

Step 5: Revenue is recognized, immediately or over time as services are performed depending on the nature of charges.

Loans are secured by digital assets pledged by borrowers. In the event of default, collateral may be liquidated to recover amounts owed, and related fees are recognized as described above.

Commitments and contingencies

The Company accounts for commitments and contingencies in accordance with ASC 450. Loss contingencies are accrued when it is probable that a liability has been incurred, and the amount of loss can be reasonably estimated. If a loss is reasonably possible but not probable, or if probable but not reasonably estimable, the Company discloses the nature of the contingency and, when practicable, an estimate of the possible loss or range of loss. No accrual or disclosure is made for contingencies considered remote unless otherwise required by U.S. GAAP.

From time to time, the Company may be subject to legal proceedings, claims, and settlement arrangements arising in the ordinary course of business. When a settlement agreement is executed, or a loss becomes both probable and reasonably estimable, the Company records a liability for its best estimate of the obligation in the period such determination is made.

Commitments represent contractual obligations that may require future cash outflows and include, among others, obligations under loan agreements, contractual commitments with third parties, arrangements related to joint ventures, and transactions with related parties. Borrowings are recognized and measured in accordance with ASC 470. Investments in and obligations related to joint ventures are evaluated under ASC 323, as applicable. Transactions and balances with related parties are disclosed in accordance with ASC 850. Guarantees and similar arrangements are evaluated under ASC 460.

~~Note~~The 6Company –evaluates ~~Note~~contingencies ~~Payable~~and related obligations through the date the financial statements are issued or available to be issued in accordance with ASC 855, subsequent Events through the date the financial statements are issued. Events occurring after the balance sheet date that provide additional evidence about conditions existing at the balance sheet date, such as the resolution of litigation, are recognized in the financial statements under ASC 450 Contingencies, while events arising solely after the balance sheet date are disclosed if material.

OnRelated ~~July~~Party 14, 2022, the Company entered and executed a master loan agreement with a lender. The loan had a term of 24 months and bore an interest rate of 2.5%. The loan was non-recourse and collateralized using repledged customer collateral. On July 12, 2024, Union repaid its note payable of $1,388,576. On July 15, 2024, the 100 Bitcoins collateral was returned from the lender. The net balance on the loan as of December 31, 2023 was $1,384,815 ($1,388,576 net of an unamortized origination fee of $3,761), with 100 Bitcoins as collateral. The balance of collateral included in collateral receivable due from lender on the balance sheet was $0 at September 30, 2025 and December 31, 2024.Disclosures

~~Note~~Under 7ASC -850 ~~Shareholders’~~“Related ~~Equity~~Party Transactions” an entity or person is considered to be a “related party” if it has control, significant influence or is a key member of management personnel. A transaction is considered to be a related party transaction when there is a transfer of resources of obligations between related parties. The Company, in accordance with the standard ASC 850, presents disclosures about related party transactions and outstanding balances with related parties, see Note 9.

OnNotes ~~March 28,2022 and April 3, 2022, Union issued a total of 1,000 shares of its common stock to Exworth Management LLC, managing entity of Union, at a price of $0.10 per share or $100 total.~~Payable

OnNotes ~~June~~payable 8,represent ~~2022,~~written ~~Union~~debt ~~issued~~instruments ~~100~~evidencing ~~shares~~amounts ofowed ~~its~~to ~~common~~lenders. ~~stock~~Note topayables ~~World~~are ~~Class~~recognized ~~Global~~when ~~Technology~~the ~~PTE~~company ~~LTD.~~becomes obligated ~~(“World~~under ~~Class”)~~a contractual borrowing arrangement and are recorded in accordance with ACS 470 at ~~an amended~~the ~~price~~principal ofamount $3received,~~500~~ ~~per~~net of ~~share~~any amortized discount, premium, or ~~$350~~debt issuance costs,~~000~~ ~~total~~as applicable.

~~Effective~~Interest ~~August~~expense ~~31,~~is ~~2022,~~recognized ~~STQN~~over ~~issued~~the acontractual ~~total~~term of ~~150,000~~the ~~warrants~~borrowing tousing ~~its~~the ~~three~~effective ~~directors~~interest ~~(prior~~method toin ~~the~~accordance ~~August~~with ~~31,~~ACS ~~2022~~835-30. ~~change in control) for~~If ~~past~~a ~~services~~note ~~rendered~~does tonot ~~STQN.~~bear ~~The~~interest ~~warrants~~as ~~are~~a ~~exercisable~~stated ~~into~~market ~~shares~~rate, ofthe ~~STQN~~company ~~common~~evaluates ~~stock~~whether atinterest ashould ~~price~~be ofimputed ~~$1.20~~at ~~per~~an ~~share~~appropriate ~~and expire~~market ~~August~~rate ~~31,~~at ~~2027~~inception.

OnNote ~~December~~payables ~~22,~~are ~~2022,~~classified ~~STQN~~as ~~completed~~current aor ~~reverse~~non ~~acquisition~~current ~~transaction~~based ~~with~~on ~~the~~contractual ~~two~~maturity ~~shareholders~~as of ~~Union~~the ~~(See~~balance ~~Note~~sheet 1)date. ~~Exworth~~The ~~Management received~~company 3evaluates modifications,~~600~~ extensions,~~000~~ ~~shares~~or extinguishment of ~~STQN~~debt ~~common~~in ~~stock~~accordance inwith ~~exchange~~ASC ~~for~~470 ~~the~~and ~~1,000~~recognizes ~~shares~~any resulting gain or loss in the period of ~~Union~~settlement. Compliance ~~common~~with ~~stock~~debt itcovenants ~~owned~~is ~~and~~assessed ~~World~~at ~~Class~~each ~~received 360~~reporting date,~~000~~ ~~shares~~and ofthe ~~STQN~~amounts ~~common~~are ~~stock~~reclassified inas ~~exchange~~current ~~for~~if a covenant violation results in the ~~100~~obligation ~~shares~~becoming ofcallable ~~Union~~and ~~common~~no ~~stock~~waiver ithas ~~owned~~been obtained.

OnEarnings ~~October~~per 31, 2024, following a review of corporate law developments and market practices, the board of directors approved and adopted an amendment and restatement of the Company’s bylaws (the “Amended and Restated Bylaws”), effective as of November 1, 2024. Among other updates, the Amended and Restated Bylaws authorize the issuance of uncertificated shares for some or all classes or series of the Company’s stock.Share

OnThe ~~September~~Company ~~30,~~computes ~~2025,~~earnings ~~the~~(loss) ~~Company~~per ~~and~~share ~~Exworth~~(“EPS”) ~~Management~~in ~~LLC~~accordance ~~entered~~with ~~into~~ASC ~~the~~260, ~~Loan~~“Earnings ~~Cancellation~~per Share” which requires ~~Agreement,~~presentation ~~agreeing~~of toboth ~~immediately~~basic ~~cancel~~and ~~the~~diluted ~~working~~EPS ~~capital~~on ~~loans~~the ~~(with~~face aof ~~total~~the ~~amount~~statement of ~~$103,321~~operations. ~~including~~Basic ~~unpaid~~EPS ~~interest)~~is ~~that~~computed by dividing net income (loss) ~~were~~available ~~provided~~to common shareholders by ~~Exworth~~the ~~Management~~weighted ~~LLC~~average tonumber ~~Strategic~~of ~~Acquisitions,~~shares ~~Inc~~outstanding during the period. inDiluted ~~installments~~EPS gives effect to all dilutive potential common shares outstanding during the period. ~~from~~In ~~September~~computing 30diluted EPS, ~~2023~~the toaverage stock price for the period ~~June~~is ~~30,~~used ~~2025,~~in ~~which~~determining ~~were~~the ~~non-interest~~number ~~bearing~~of ~~and~~shares ~~due~~assumed onto ~~demand.~~be ~~The~~purchased ~~Company~~from ~~recorded~~the itexercise asof awarrants ~~capital~~or ~~contribution~~stock ~~during~~options and the ~~three~~conversion ~~and~~of ~~nine~~instruments ~~months~~convertible ~~ended~~to ~~September~~common ~~30,~~stock. ~~2025~~Diluted EPS excludes all dilutive potential shares if their effect is antidilutive.

~~Note~~As 8of March 31, 2026 and year-end ~~Income~~December ~~Taxes~~31, 2025, there were outstanding warrants that could convert into 150,000 common shares. At the end of both periods, the potentially dilutive shares were excluded here because the effect would have been anti-dilutive.

~~The~~Income ~~components of the provision for (benefit from) income~~ taxes ~~are as follows:~~

~~Schedule~~The Company accounts for income taxes using the asset and liability method. Deferred tax assets and liabilities are recognized for the expected future tax consequences of ~~Provision~~temporary differences between the financial statement carrying amounts of assets and liabilities and their respective tax bases, as well as for ~~(Benefit~~net ~~from)~~operating ~~Income~~loss ~~Taxes~~carry forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply in the periods in which such amounts are realized or settled. The effect of a change in tax rates is recognized in income in the period of enactment.

		For the nine months ended September 30, 2025		For the nine months ended September 30, 2024
Current	$	-	$	-
Deferred		-		-
Total provision for (benefit from) income taxes	$	-	$	-

The Company evaluates the realizability of deferred tax assets and records a valuation allowance, as necessary, to reduce such assets to the amount that is more likely than not to be realized.

The ~~reconciliation~~Company ~~between~~accounts for uncertainty in income taxes atin accordance with ASC 740, Income Taxes. Under this guidance, a tax benefit is recognized only if it is more likely than not that the Uposition will be sustained upon examination by taxing authorities.S. ~~federal~~The ~~statutory~~Company ~~rate~~recognizes interest and penalties related to uncertain tax positions as a component of ~~21%~~income tax expense. As of March 31, 2026 and ~~the~~year ~~amount~~end ~~recorded~~December 31, in2025, the ~~accompanying~~Company ~~consolidated financial~~had ~~statements~~no isaccrued asinterest ~~follows:~~or penalties and has not identified any material uncertain tax positions.

~~Schedule~~The Company is subject to U.S. federal income taxation and taxation in the state of ~~Reconciliation~~South Carolina. The Company has filed its income tax returns through the year ended December 31, 2024, and the 2025 return is on extension. Tax years generally remain subject to examination for three years from the date of ~~Income~~filing. ~~Taxes~~The Company is not currently subject to any income tax examinations.

	For the nine months ended September 30, 2025			For the nine months ended September 30, 2024
Computed “expected” tax expense (benefit) (United States statutory rate)		(5,092	)		(20,140	)
Increase (decrease) in tax expense resulting from:
State tax expense (benefit), net of Federal tax effect		(1,428	)		(5,537	)
Change in valuation allowance		6,520			25,677
Effective rate		-			-

Cash flows reporting

~~Deferred~~The ~~income~~Company ~~taxes~~prepares ~~reflect~~its ~~the~~statements ~~net~~of ~~tax~~cashflows ~~effects~~in accordance with ASC-230, Statements of ~~temporary~~Cash ~~differences~~Flows, ~~between~~using the ~~carrying~~indirect ~~amounts~~method. Cash Equivalents include investments, with original maturities of ~~assets~~three ~~and~~months ~~liabilities~~or ~~for~~less. ~~financial reporting~~Non-cash ~~purposes~~investing and ~~the~~financing ~~amounts~~activities ~~used~~are ~~for~~disclosed ~~income~~separately in ~~tax~~the ~~purposes.~~supplemental ~~Significant~~section ~~components~~ of the ~~Company’s~~cash ~~deferred~~flow statement. Cash receipts from interest income ~~tax~~are ~~assets~~classified as operating cash inflows. Cash purchases of property and ~~(liabilities)~~equipment are classified as ~~follows:~~investing activities, while proceeds from debt or equity financing are included in financing activities. Some transactions were part cash and part no-cash and disclosed accordingly.

~~Schedule of Deferred Tax Assets and Liabilities~~Equity/Shares Capital

	September 30, 2025			December 31, 2024
Deferred income tax assets:
Net operating loss carryforwards	$	246,727		$	240,207
Less: Valuation allowance		(246,727	)		(240,207	)
Total deferred income tax assets		-			-

The Company accounts for equity transactions in accordance with ASC 505, Equity. Common stock is recorded as additional paid-in-capital. Equity issuance costs are charged directly to additional paid-in-capital. Shares issued for services received or non-cash consideration are measured at the fair market value of the equity instruments issued on the grant date or the fair value of the service received, whichever is more reliably measurable. The Company is authorized to issue 50,000,000 shares of common stock at $0.001 per share. As of March 31, 2026, 46,675,000 shares of common stock are issued and outstanding, respectively.

In assessing the realization of deferred tax assets, management considers whether it is more likely than not that some or all of the deferred tax assets will be realized. The ultimate realization of certain deferred tax assets is dependent upon the generation of future taxable income during the period in which those temporary differences become deductible. Management considers the scheduled reversal of domestic deferred tax liabilities, projected future taxable income and taxing strategies in making this assessment.Warrants

~~For~~The ~~United~~Company ~~States~~accounts ~~income~~for ~~tax~~warrants ~~purposes,~~issued ~~STQN~~in ~~has~~connection awith ~~net~~equity ~~operating~~or ~~loss~~financing ~~carry~~transactions ~~forward~~in ofaccordance ~~approximately~~with ~~$621,000~~applicable atU.S. ~~September 30~~GAAP, ~~2025 (approximately~~including ~~$206,000~~ASC of480 ~~which~~and ~~expires~~ASC ~~in varying amounts from 2025 to 2037)~~815. ~~Current~~Warrants ~~United~~are ~~States~~evaluated ~~income~~at ~~tax~~issuance ~~law limits the amount of loss available~~ to ~~offset~~determine ~~against~~whether ~~future~~they ~~taxable~~should ~~income~~be ~~when~~classified aas ~~substantial~~equity ~~change~~instruments inor ~~ownership~~as ~~occurs. Income tax returns for tax years 2022, 2023, and~~liabilities ~~2024~~based ~~remain~~on ~~subject~~the toterms ~~examination~~of by the ~~Internal~~underlying ~~Revenue Service~~agreements.

~~Union~~Warrants ~~has~~that meet the criteria for equity classification are recorded as a ~~United~~component ~~States~~of ~~net~~additional ~~operating~~paid-in ~~loss~~capital ~~carry~~at ~~forward~~the date of ~~approximately~~issuance ~~$388,000~~and are not subsequently remeasured. Warrants that do not meet equity classification criteria are recorded as liabilities at ~~September~~fair 30value upon issuance and are subsequently remeasured at fair value at each reporting date, ~~2025~~with changes in fair value recognized in earnings in accordance with ASC 820.

The Company uses appropriate valuation techniques, including option pricing models, to estimate the fair value of warrants when required. These models require the use of significant assumptions, including expected volatility, expected term, risk-free interest rate, and dividend yield.

As of March 31, 2026 and year-end December 31, 2025, there were outstanding warrants that could convert into 150,000 common shares.

Recent Accounting Pronouncements

In 2025, the FASB issued ASU 2025-05, Credit Losses (Topic 326), which introduces a practical expedient for estimating expected credit losses for certain financial assets. The Company is currently evaluating the impact of this guidance on its consolidated financial statements.

In November 2024, the FASB issued ASU 2024-03, Expense Disaggregation Disclosures (Subtopic 220-40) - Companies must break out major expense categories (e.g., labour, depreciation) in the notes to financial statements aimed at improving transparency. Effective for annual periods after Dec 15, 2026 (early adoption allowed). This is applicable to the Company but it’s not yet effective and the Company has not elected early adoption and currently evaluating the impact.

~~Note~~In 9December ~~–Related~~2023, ~~Party~~Income ~~Transactions~~Tax Disclosure Improvements (ASU 2023-09) - Requires clearer details on income taxes paid (by federal, state, and foreign) and better breakdowns of rate reconciliations. Helps investors better understand a company’s tax situation. This standard applies to the Company but is not currently applicable to current period financials, as we have incurred losses and have no tax expense.

~~Schedule of Related Party Transaction~~Subsequent Events

~~Due~~The company follows the guidance in section 855-10-50 of the FASB Accounting Standards Codification for the disclosure of subsequent events. The company will evaluate subsequent events through the date when the financial statements were issued. Pursuant to ~~related~~ASU ~~party~~2010-09 of the FASB Accounting Standards Codification, the company as an SEC filer considers its financial statements issued when they are widely distributed to users, such as through filing them on EDGAR.

As of

Name

Relationship

Nature

September 30, 2025

December 31, 2024

Exworth Management LLC

Controlling shareholder of the Company

Advances received from and operations expense paid on behalf of the Company, interest free, due on demand

95,621

Note 3 - Going Concern Considerations

OnThe ~~September~~accompanying ~~30,~~consolidated ~~2025,~~financial ~~the~~statements ~~Company~~have ~~and~~been ~~Exworth~~prepared ~~Management~~on ~~LLC~~a ~~entered~~going ~~into~~concern ~~the~~basis, ~~Loan~~which ~~Cancellation Agreement,~~contemplates ~~agreeing~~the torealization ~~immediately~~of ~~cancel~~assets and the ~~working~~settlement ~~capital~~of ~~loans~~liabilities ~~(with~~in athe ~~total~~normal ~~amount~~course of ~~$103,321~~business. ~~including~~For ~~unpaid~~the ~~interest)~~quarter ~~that were~~ended ~~provided~~March by31, ~~Exworth~~2026, ~~Management~~the ~~LLC~~Company tohad ~~Strategic~~cash ~~Acquisitions~~balance of $2,927, ~~Inc.~~incurred ina ~~installments~~net ~~during~~loss ~~the~~of ~~period~~$38,717 ~~from~~and ~~September~~had ~~30,~~working ~~2023~~capital ~~to June~~of ~~30,~~approximately ~~2025~~$4,352. ~~which~~These ~~were~~conditions ~~non-interest~~raise ~~bearing~~substantial ~~and~~doubt ~~due~~about the ~~on demand. The~~ Company’s ~~recorded~~ability itto continue as a ~~capital~~going ~~contribution~~concern ~~during~~within ~~the~~one ~~three and~~year ~~nine~~from ~~months~~the ~~ended~~date ~~September~~these ~~30,~~financial ~~2025~~statements are issued.

~~Note~~Management 10plans –to ~~Risk~~seek debt and/or ~~Uncertainties~~equity financing to operate until the Company has established sufficient ongoing revenues to cover its costs and obtaining additional capital through public or private financing arrangements. Management is pursuing capital raising efforts and implementing its business plan. However, there is no assurance that management will be successful in accomplishing its plan.

~~The~~These ~~Company’s~~financial ~~investing~~statements ~~activities~~do ~~expose~~not itinclude toany ~~various~~adjustments ~~types~~relating ofto ~~risk that are associated with~~ the ~~financial~~recoverability ~~instruments~~ and ~~markets in~~classification ~~which it invests. The significant types~~ of ~~financial~~assets ~~risks~~or ~~to which~~ the ~~Company~~amounts isand ~~exposed include, but are not limited to market~~classification ~~risk,~~of ~~industry~~liabilities ~~risk,~~that ~~liquidity~~might ~~risk,~~be ~~concentration~~necessary ~~risk,~~should ~~credit~~the ~~risk~~Company ~~and~~be ~~digital~~unable ~~asset~~to ~~risk.~~continue ~~Certain~~as ~~aspects~~a ofgoing ~~those risks are addressed below:~~concern.

~~Concentration~~Note ~~Risk~~4 - Commitment and Contingencies

~~One~~Legal ~~borrower represented 100% of the Company’s total interest income for the three and nine months ended September 30, 2024.~~contingencies

~~One~~From ~~lender~~time ~~100%~~to oftime, the Company’s ~~total~~may ~~interest~~be ~~expense~~a ~~for~~defendant in pending or threatened legal proceedings arising in the ~~three~~normal ~~and~~course ~~nine~~of ~~months~~business. ~~ended~~Management is ~~September~~not 30aware of any pending, ~~2024~~threatened or asserted claims.

~~There~~Other ~~was no borrowers or lenders as of September 30, 2025 and December 31, 2024.~~Commitments

~~Note~~The ~~11–~~Company ~~Subsequent~~may ~~Events~~enter into financing arrangements in the normal course of its lending activities, including borrowings obtained to fund loans collateralized by digital assets. As of March 31, 2026 and December 31, 2025, the Company does not have any commitment related to collateralized loans.

In accordance with ASC Topic 855-10, the Company has analyzed its operations subsequent to September 30, 2025 to the date these financial statements were issued. On October 1, 2025, the Board meeting was called to order and the resolution to fund the company for the fourth quarter by selling common stocks from treasury to support the Company’s operation. As October 31, 2025, Nil shares of restricted stocks have been sold.

~~ITEM~~Note 25 ~~Management’s~~- ~~Discussion~~Accounts ~~and~~Payable ~~Analysis of Financial Condition~~ and ~~Results~~Accrued ofExpenses ~~Operations.~~

The ~~following~~Company ~~discussion~~accrued ofamounts ~~our~~owed ~~financial condition and results of operations should be read in conjunction with the condensed financial statements and the notes~~ to ~~those financial statements that are included elsewhere in this report. Our discussion includes forward-looking statements based upon current expectations that involve risks and uncertainties~~vendors, ~~such~~which aswere ~~our~~comprised ~~plans, objectives, expectations and intentions. Actual results and the timing~~ of ~~events could differ materially from those anticipated in these forward-looking statements as a result of a number of factors, including those set forth under~~ the Risk Factors, Forward-Looking Statements and Business sections in this report. We use words such as “anticipate,” “estimate,” “plan,” “project,” “continuing,” “ongoing,” “expect,” “believe,” “intend,” “may,” “will,” “should,” “could,” and similar expressions to identify forward- looking statements.following:

~~Overview~~ Schedule of Accrued Amounts Owed to Vendors and Certain Other Accrued Expenses

Effective December 22, 2022, we entered into and consummated an Agreement and Plan of Merger (“Merger Agreement”) whereby we acquired all of the outstanding shares of Exworth Union and it became our wholly-owned subsidiary. Immediately prior to consummation of the Merger Agreement Exworth Management owned 74% of our outstanding shares of common stock and 91% of the outstanding shares of Exworth Union. Exworth Union is engaged in providing loans collateralized by digital assets. Prior to the Merger, we were a “shell” company with no commercial operations and had generated no revenues other than nominal interest income. The transaction effected through the Merger Agreement was accounted for as a reverse recapitalization. Exworth Union was determined to be the accounting acquirer and we, Strategic, were treated as the acquired company for financial reporting purposes

	March 31, 2026		December 31, 2025

Vendor payables
Professional fees	$	723	$	2,319
Accounts payable & accrued liabilities	$	723	$	2,319

The ~~discussion~~Company’s ~~below~~trade ~~pertains~~payables toare ~~our~~generally ~~financial~~short ~~results for the three and nine months ended September 30~~term, ~~2025~~due ~~and~~on ~~2024.~~demand ~~For~~or awith ~~discussion and~~an ~~analysis~~obligation ~~of our financial condition and results of operations prior~~ to ~~the~~pay ~~formation~~within ofless ~~Exworth~~than ~~Union~~365 ~~please~~days. ~~refer~~The ~~to filings made~~Company ~~with~~has ~~the~~no ~~U.S.~~balances ~~Securities~~outstanding ~~and~~for ~~Exchange~~more ~~Commission~~than ~~before~~90 ~~consummation of the Merger Agreement~~days.

~~Exworth~~Note ~~Union,~~6 a- ~~Delaware~~Shareholders’ corporation, was formed on March 16, 2022. It provides loans that are collateralized by digital assets including Bitcoin and will accept other types of alternative collaterals such as eCommerce account receivables, recursive payments of subscriptions, IP and copyrights, though the only form of collateral that has been accepted to date is Bitcoin. The target customers are individuals and commercial enterprises that hold digital assets and are seeking liquidity without selling their digital assets, with limited or no access to obtain credit lines or business loans from conventional financial institutions. We provide term loans, up to two years, to these individuals and commercial enterprises.Equity

The Company is authorized to issue 50,000,000 shares of common stock, with a par value of $0.001 per share. As of March 31, 2026 and December 31, 2025 there were 46,675,000 shares and 6,675,000 shares, respectively of common stock issued and outstanding.

On October 7, 2025, Exworth Management, Inc. forgave the outstanding loan balance of $103,321 which was deemed as a capital contribution.

On December 31, 2025, John P. O’Shea and Yuanyuan Huang forgave outstanding consulting fees of $2,500 and $7,500, respectively. In addition, OTC-related expenses of $11,000 paid on behalf of the Company by Exworth Management were also forgiven. The forgiveness of these amounts has been accounted for as capital contributions and recorded within additional paid-in capital.

On October 31, 2024, the Company’s Board of Directors approved and adopted an amendment and restatement of the Company’s bylaws (the “Amended and Restated Bylaws”), effective November 1, 2024. Among other provisions, the Amended and Restated Bylaws authorize the issuance of uncertificated shares for some or all classes or series of the Company’s capital stock.

On February 4, 2026, the Company issued 30,000,000 shares of its common stock to John P. O’Shea, President for cash consideration of $30,000.

On February 17, 2026, the Company issued 10,000,000 shares of its common stock to Jennifer L. O’Shea, Secretary for cash consideration of $10,000.

Note 7 - Warrants

On August 31, 2022, the Company issued an aggregate of 150,000 warrants to purchase shares of its common stock to John P. O’Shea (37,129 warrants), Marika Tonay (734 warrants), and Jonathan Braun (112,137 warrants) in consideration for services rendered. On August 31, 2022, John P. O’Shea transferred 18,564 of his warrants to Jennifer L. O’Shea and retained the remaining 18,565 warrants. The warrants vested immediately upon issuance, are exercisable at a price of $1.20 per share, and expire on August 31, 2027.

As of March 31, 2026, and December 31, 2025, an aggregate of 150,000 warrants to purchase shares of the Company’s common stock remained outstanding.

No warrants were exercised, modified, or cancelled during the three-month ended March 31, 2026, and the year ended December 31, 2025. Accordingly, the Company did not recognize any stock-based compensation expense related to these warrants.

The following are changes and balances for common share equivalent due to outstanding warrants:

	Warrants Common Share Equivalents		Weighted Average Exercise Price
Outstanding December 31, 2024		150,000	$	1.20
Add: Granted		-		-
Less Exercised		-
Less: Expired/Forfeited		-

Outstanding December 31, 2025		150,000	$	1.20
Add: Granted		-		-
Less Exercised		-
Less: Expired/Forfeited		-
		-
Outstanding March 31, 2026		150,000	$	1.20

As of March 31, 2026, the weighted average remaining contractual life of the warrants was approximately 1.4 years.

Note 8 – Income Taxes

The components of income tax balances for the quarter ended March 31, 2026 and the year ended December 31, 2025 are as follows:

	March 31, 2026			December 31, 2025
Net losses before taxes		38,717			40,223
Adjustments to arrive at taxable income/loss
Permanent differences:
Temporary differences:
Taxable loss/(Income)		38,717			40,223

Current Year Taxable income (loss)	$	38,717		$	40,223
NOL carried forward prior year (tax return)		605,379			565,156
NOL carried forward at period end	$	644,096		$	605,379

Deferred Tax Asset – Federal Rate (21%)		135,260			127,130
Deferred Tax asset – State Rate (5.5%)		35,425			33,296
Total Deferred Tax Asset	$	170,685		$	160,426

Valuation Allowance		(170,685	)		(160,426	)
Deferred tax per books:		-			-

Due to the changes in the Tax Reform Act of 1986 and the Tax Cut and Jobs Act of 2017, net operating loss carry forwards for Federal Income tax reporting purposes are subject to additional limitations. Should certain changes in ownership occur, our net operating loss carry forwards may be limited to use in future years. In addition, tax rates on corporations were reduced and certain other deductions limited. These changes may affect the income tax benefit calculation and related allowance during subsequent fiscal years. The IRS requires all domestic corporations in existence for any part of the tax year to file an income tax return whether or not they have taxable income. The Company incurred a loss for the quarter ended March 31, 2026 and fiscal years ended December 31, 2025. Reported tax benefits and valuation allowances are the Company’s best estimate of its tax positions and have not been reviewed by the taxing authority.

Note 9 – Related Party Transactions

See “Note 6 – Shareholders’ Equity” for share issuances to related parties and debt forgiven by related parties deemed as capital contribution.

Note 10 – Subsequent Events

In accordance with ASC 855, Subsequent Events, which establishes general standards of accounting for and disclosure of events that occur after the balance sheet date but before financial statements are issued, the Company has evaluated all events and transactions that occurred after March 31, 2026 through the date the condensed consolidated financial statements were filed.

On April 4, 2026, the Company entered into a Non-Recourse Loan Agreement with John P. O’Shea, President of the Company. Mr. O’Shea lent the Company $30,000. The loan bears no interest and the unpaid principal balance is due and payable by April 6, 2028, the maturity date. As a Non-Recourse Loan, neither the Company nor any of its officers, directors, or shareholders shall have any personal or corporate liability for the repayment of the loan. This is considered a related party transaction.

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

This Quarterly Report on Form 10-Q includes forward-looking statements that reflect management’s current views with respect to future events and financial performance. Forward-looking statements are statements in respect of future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology such as “may,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “potential” or “continue” or the negative of these terms or other comparable terminology. These statements include statements regarding the intent, belief or current expectations of our management team, as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risk and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties and other factors, including the risks set forth in the section entitled “Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended December 31, 2025, as filed with the U. S. Securities and Exchange Commission (the “SEC”) on April 6, 2026, any of which may cause our company’s or our industry’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied in our forward-looking statements. These risks and factors include, by way of example and without limitation:

●	absence of contracts with customers or suppliers;
●	our ability to maintain and develop relationships with customers and suppliers;
●	the retention and availability of key personnel;
●	general economic and business conditions;
●	substantial doubt about our ability to continue as a going concern;
●	our ability to successfully implement our business plan;
●	our need to raise additional funds in the future;
●	our ability to successfully recruit and retain qualified personnel in order to continue our operations;
●	our ability to successfully acquire, develop or commercialize new products;
●	the commercial success of our products;
●	the impact of any industry regulation;

We undertake no obligation to update or revise forward-looking statements to reflect events or circumstances occurring after the date of this Quarterly Report, except as required by law.

As used in this Quarterly Report and unless otherwise indicated, the terms “Company,” “we,” “us,” and “our,” refer to Strategic Acquisitions, Inc. and its wholly-owned subsidiary Exworth, a Nevada corporation.

Business Overview

Strategic Acquisitions, Inc. (the “Company,” “we,” “us” and words of similar import) was incorporated under the laws of the State of Nevada on January 27, 1989. The Company is a private lending company that provides digital asset backed loan service to businesses. On December 22, 2022, we entered into and consummated an Agreement and Plan of Merger (“Merger Agreement”) with Exworth Union Inc. (“Exworth Union”) and the owners of all of its outstanding shares of capital stock — Exworth Management LLC (“Exworth Management”) and World Class Global Technology PTE LTD. (“World Class,” collectively with Exworth Management, the “Stockholders”) whereby we acquired Exworth Union (the “Merger”). Exworth Union is engaged in providing loans collateralized by digital assets. Prior to the Merger, we were a “shell” company with no commercial operations and had generated no revenues other than nominal interest income. Since the merger, we generated revenues from interest income and fees from loan receivable issuance. During 2023, we initiated loan administrations services and ceased providing services. During July 2024, all loan receivable issued were settled by borrowers and we have temporarily ceased lending operations from this date as of the date this SEC filing.

Immediately prior to the Merger, Exworth Management owned 91% of the outstanding shares of Exworth Union and 74% of the shares of our common stock outstanding. Consequently, the transaction effected through the Merger Agreement was accounted for as a reverse recapitalization. Exworth Union was determined to be the accounting acquirer and we, Strategic, were treated as the acquired company for financial reporting purposes.

As a result of the acquisition of Exworth Union we are in the business of providing loans collateralized by digital assets. Our loan business is currently limited due to the early stage of the digital asset industry, changing economic conditions and the need to develop a proprietary software technology platform, to facilitate the origination and servicing of digital asset backed loans, and as of March 31, 2026, we have not begun development of software due to lack of funding. Our target customers are small businesses and individuals that hold intangible assets including digital currencies seeking loans secured by such assets. We intend to provide term loans to these enterprises and individuals which are collateralized with intangible assets, such as Bitcoin. We intend to generate revenue from interest income and transaction-based services fees. We intend to design a Platform to originate and service loans backed by various assets. Nevertheless, to date, Bitcoin is the only asset we have accepted as collateral for a loan and we intend to focus on the market for loans secured by digital currencies for the immediate future.

Our primary target customers are small businesses and individuals in Asia and Europe. The lending industry in these markets is rapidly changing and highly innovative. We expect competition within our industry will continue to be intense as existing and new competitors introduce new products or enhance existing products. Our principal competitors are other digital asset-backed lending companies, decentralized finance companies, credit services organizations, online lenders, credit card companies, and other financial institutions that offer similar financial products and services, including loans on an unsecured as well as a secured basis.

Foreign business models rely on being unregulated or only regulated in a small number of lower compliance jurisdictions, while also offering their products in highly regulated jurisdictions, including the United States, without necessarily complying with the relevant regulatory requirements in such jurisdictions.

Based on this market environment, we have not been able to offer some popular products and services that our unregulated or less regulated competitors offer, which adversely impact our business, financial condition, and results of operations.

In assessing our business operations, we expect to expend significant managerial, operational, and compliance costs to meet the legal and regulatory requirements applicable to us in the United States and other jurisdictions, all of which will incur significant costs to comply with these requirements before we could grow our business. For these reasons, management is accessing its business model. Based on the Company’s limited resources, management is currently evaluating areas to build its business and is focusing on identifying their future customer base.

Management is also considering the divestiture of its wholly owned subsidiary, Exworth Union. As the Company’s business focus evolves, the importance of this subsidiary is no longer strategic to the Company. At this time, management does not believe that the divestiture of its subsidiary would have any impact the business, results of operations, cash flows and financial condition of the Company.

Results of Operations

~~Revenue~~Comparison of the Three Months Ended March 31, 2026 to the Three Months Ended March 31, 2025:

Interest income, our major source of income, was $nil for the three and nine months ended September 30, 2025, respectively, and $16,177 and $43,671 for the three and nine months ended September 30, 2024, respectively.

	For the Three Months Ended
	March 31, 2026			March 31, 2025
Revenue, net	$	-		$	-
Cost of goods sold		-			-
Operating income		-			-

Operating Expenses:

Selling, general and administrative		38,717			25,044
Total operating expenses		38,717			25,044
Loss from operations		(38,717	)		(25,044	)
Interest expense

Loss before provision for income taxes		(38,717	)		(25,044	)
Provision for income taxes		-			-
Net Loss	$	(38,717	)		(25,044	)

~~On July 10, 2024, Union collected its loan receivable of $1,374,691.~~Revenues

~~Selling,~~There ~~General~~was ~~and~~no ~~Administrative~~revenue ~~Expenses~~for the three months ended March 31, 2026 and 2025.

~~Selling,~~Operating general and administrative expenses for the three and nine months ended September 30, 2025 were $(3,347) and $24,244, respectively, and for the three and nine months ended September 30, 2024 were $44,388 and $117,012, respectively. For the nine months ended September 30, 2025 and 2024, it primarily includes legal, accounting and other professional expense related to company’s daily operation. For the three months ended September 30, 2025, the selling, general and administrative expenses were negative, primarily due to the reversal of $7,500 over accrued professional fee.Expenses

~~Interest~~Total ~~Expense~~operating expenses increased by $13,673, or 54%, for the three months ended March 31, 2026, as compared to the three months ended March 31, 2025. The increase in operating expenses was primarily due to an increase in general and administrative wages and related expenses of $38,717 due to an increase in professional fees.

Interest expense was nil for the three and nine months ended September 30, 2025, and $1,447 and $18,804 for the three and nine months ended September 30, 2024, incurred pursuant to a master loan agreement we entered with a U.S. based lender. The loan has a term of 24 months with quarterly interest-only payments with principal to be paid at maturity. No margin call was initiated by our lender during the period from inception of the loan to December 31, 2022. On July 12, 2024, Union repaid its note payable of $1,388,576.

Amortization of Loan Origination Fee

Our lender charged a 1% origination fee of the principal amount that we borrowed. The origination fee was deducted from the loan principal and will be amortized evenly through the loan term. Total amortization of loan origination fee for the three and nine months ended September 30, 2025 was $0, and $290 and $3,761 for the three and nine months ended September 30, 2024. On July 12, 2024, Union repaid its note payable of $1,388,576.

Net Loss

Our net income was $3,347 and net loss was $24,244, respectively, for the three and nine months ended September 30, 2025, respectively, and net loss was $29,948 and $95,906, respectively, for the three and nine months ended September 30, 2024, which was primarily driven by the increase in the price of the Bitcoin that we pledged to our lender. Among the more significant factors that may cause our net income to vary from period to period are: 1) the number of loans; 2) the interest rates that we charge our borrowers; 3) the interest rate that we pay to our lenders; 4) the fair market value of collateral held by us or pledged to our lenders; and 5) The allowance for loan loss of our loans. On July 10, 2024, Union collected its loan receivable of $1,374,691. On July 12, 2024, Union repaid its note payable of $1,388,576. On July 15, 2024, the 100 Bitcoins collateral was returned from the lender and returned to the borrower.

Liquidity and Capital Resources

As of ~~September~~March ~~30, 2025 and December~~ 31, ~~2024~~2026, we had cash ofon ~~$1,936~~hand ~~and~~of $232,~~281~~927, ~~respectively.~~as ~~The~~compared ~~accompanying~~to ~~condensed~~cash ~~financial~~on ~~statements have~~hand ~~been~~of ~~prepared~~$508 ~~assuming that we will continue~~ as aof ~~going~~December ~~concern~~31, 2025. The ~~condensed~~increase ~~financial~~in ~~statements~~cash ~~do not include any adjustments~~on tohand ~~reflect~~is ~~the~~a ~~possible~~result ~~future effects on the recoverability and classification~~ of ~~assets or~~ the ~~amounts~~sale ~~and classifications~~ of ~~liabilities that may result should we be unable to continue as a going concern. To date~~40,000,000 wecommon ~~have~~shares ~~financed our operations through a private placement~~ of ~~equity~~stock ~~raising~~for ~~approximately~~ $~~350~~40,000.

16The Company’s operating activities consume the majority of its cash resources. The Company anticipates that it will continue to incur operating losses as it executes its development plans for 2026, as well as other potential strategic and business development initiatives. In addition, the Company has had and expects to have negative cash flows from operations, at least into the near future.

InAlthough ~~assessing~~no ~~our~~assurances ~~liquidity,~~can webe ~~monitor~~given ~~and~~as ~~analyze our cash-on-hand, operating and capital expenditure commitments. We believe our current working capital is sufficient~~ to ~~support our operations for~~ the ~~next~~Company’s ~~twelve~~ability ~~months.~~to ~~However,~~deliver ifon weits ~~are~~revenue ~~unable~~plans toor ~~raise~~that ~~additional~~unforeseen ~~capital, we~~expenses may ~~not be able to execute our business plan. We will use our limited personnel and financial resources in connection with developing our business plan~~arise, ~~including developing a proprietary software platform, issuing equity or debt securities, or obtaining additional credit~~management ~~facilities.~~currently ~~The~~believes ~~issuance~~that ~~and sale of additional~~ equity ~~would result in dilution to our existing shareholders. The incurrence of indebtedness would result in increased fixed obligations~~ and ~~could~~debt ~~result in operating covenants that would restrict our operations. Our obligation to bear credit risk for certain~~ financing, ~~transactions~~will weprovide ~~facilitate~~the ~~may~~necessary ~~also~~funding ~~strain our operating cash flow. We have no commitments~~ for the ~~purchase~~Company ~~of our equity and, should we need~~ to ~~raise~~continue ~~capital,~~as wea ~~cannot~~going ~~assure you that financing will be available in amounts~~concern orfor onthe ~~terms~~next ~~acceptable~~twelve ~~to us, if at all~~months.

We have elected to use the extended transition period for complying with new or revised accounting standards under Section 102(b)(2) of the JOBS Act, which allows us to delay the adoption of new or revised accounting standards that have different effective dates for public and private companies until those standards apply to private companies. As a result of this election, our financial statements may not be comparable to companies that comply with public company effective dates.19

~~There~~Going are no limitations in our certificate of incorporation on our ability to borrow funds or raise funds through the issuance of capital stock to fund our working capital requirements. Our limited resources and lack of recent operating history may make it difficult to borrow funds or raise capital. Such inability to borrow funds or raise funds through the issuance of capital stock required to facilitate our business plan may have a material adverse effect on our financial condition and future prospects, including the ability to fund our business plan. To the extent that debt financing ultimately proves to be available, any borrowing will subject us to various risks traditionally associated with indebtedness, including the risks of interest rate fluctuations and insufficiency of cash flow to pay principal and interest, including debt of an acquired business.Concern

~~Cash~~The ~~Flow~~unaudited condensed consolidated financial statements contained in this Quarterly Report on Form 10-Q have been prepared assuming that the Company will continue as a going concern. The Company has accumulated losses from inception through March 31, 2026 of $520,380.

~~The~~During ~~following~~the ~~summarizes~~three ~~key~~months ~~components~~ended March 31, 2026, the Company received net cash proceeds of ~~our~~$40,000 from the sale of 40,000,000 of its common shares. If the Company does not generate additional revenue or equity and other debt financing from third parties, it will not have sufficient cash ~~flows~~to meet its obligations for the ~~nine~~next twelve months ~~ended~~following ~~September~~the ~~30,~~date ~~2025~~of this Quarterly Report on Form 10-Q. There currently are no other arrangements or agreements for financing, and ~~2024:~~there can be no assurances that any other debt or equity financing will be available, or if available, on favorable terms. As such, these matters raise substantial doubt about the Company’s ability to continue as a going concern for a period of twelve months from the date of this Quarterly Report on Form 10-Q. The condensed consolidated financial statements in this Quarterly Report on Form 10-Q do not include any adjustments that might be necessary should the Company be unable to continue as a going concern.

	For the nine months Ended September 30, 2025			For the nine months Ended September 30, 2024
Net cash (used in) operating activities	$	(29,044	)	$	(77,648	)
Net cash provided by investing activities		-			1,374,691
Net cash (used in) provided by financing activities		7,699			(1,325,455	)
Net decrease in cash		(21,345	)		(28,412	)
Cash, beginning		23,281			54,169
Cash, ending	$	1,936		$	25,757

Management cannot guarantee any other potential debt of equity financing will be available, or if available, on favorable terms. As such, these matters raise substantial doubt about the Company’s ability to continue as a going concern for a period of twelve months from the issuance date of this report. If adequate funds are not available on acceptable terms, or at all, the Company will need to curtail operations or cease operations completely.

Working Capital (Deficiency)

	Mach 31, 2026		December 31, 2025
Current assets	$	5,075	$	5,388
Current liabilities		723		2,319
Working capital (deficiency)	$	4,352	$	3,069

Cash Flows

	Three Months Ended
	March 31, 2026			March 31, 2025
Net cash used in operating activities	$	(37,581	)	$	(24,194	)
Net cash used in investing activities		-			-
Net cash provided by financing activities		40,000			7,200
Net increase (decrease) in cash	$	2,419		$	(16,994	)

Operating Activities

~~Cash~~Net cash used in operating activities ~~resulted~~was ~~primarily~~$(37,581) ~~from~~for the three months ended March 31, 2026, due to a net loss of $38,717, Net cash used in operating ~~expenses~~activities was $24,194 for the ~~operation~~three ofmonths ~~our~~ended ~~digital~~March ~~asset-backed~~31, ~~loan~~2025, ~~business~~due ~~as well~~to asa ~~general~~net ~~and~~loss ~~administrative~~of ~~expenses~~$25,044.

Net cash used in operating activities was $29,044 for the nine months ended September 30, 2025. Cash consumed in operations reflects our net loss of $24,244, and changes in prepaid expense $864 and accounts payable and accrued expenses of $(5,664).

Net cash used in operating activities was $77,648 for the nine months ended September 30, 2024. Cash consumed in operations reflects our net loss of $(95,906), and net against of changes in prepaid expense $300, interest receivable $11,456 and accounts payable and accrued expenses of $2,741.

Investing Activities

There were no investing activities ~~for~~in the ~~nine~~three months ended ~~September~~March 3031, 2026 and 2025.

Net cash provided by investing activities was $1,374,691 for the nine months ended September 30,2024 as the collection of loan receivable in July 2024.

Financing Activities

~~Net~~For the three months ended March 31, 2026, net cash provided by financing activities was $740,~~699~~000, ~~and~~consisting ~~used~~of inthe ~~was~~sale $1of 40,~~325~~000,~~455,~~000 ~~respectively~~shares of common stock. For the ~~nine~~three months ended ~~September~~March 3031, 2025, ~~which~~ ~~related~~net tocash ~~the~~provided ~~proceeds~~by ~~from~~financing ~~Exworth~~activities ~~Management~~was ~~for business operation~~$7, ~~and for the nine months ended September 30~~200, ~~2024,~~consisting ~~which related to the proceeds~~ of ~~$63,121~~ proceeds from ~~Exworth~~a ~~Management~~related ~~for~~party ~~business~~to ~~operation~~keep ~~and~~the ~~repayment~~Company ~~of notes payable of $1,388,576 in July 2024~~operational.

Off-Balance Sheet Arrangements

~~There~~We ~~are~~have no off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that is material to investors.

Critical Accounting Policies and Procedures

Our significant accounting policies are ~~disclosed~~more fully described in Note 21 ofto our ~~Financial~~condensed ~~Statements~~consolidated ~~included~~financial ~~elsewhere~~statements included in this Quarterly ~~report~~Report and in our Annual Report on Form 10-K for the fiscal year ended December 31, 2025, as filed with the SEC on April 6, 2026.

18Recently Adopted Accounting Pronouncements

~~ITEM~~Our 4recently ~~CONTROLS~~adopted ~~AND~~accounting ~~PROCEDURES~~pronouncements are more fully described in Note 3 to our unaudited consolidated financial statements included in this Quarterly Report.

AsITEM of the end of the period covered by this report, we conducted an evaluation, under the supervision and with the participation of our Principal Executive Officer and Principal Financial Officer, of the effectiveness of our disclosure controls and procedures, as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934 (the “Exchange Act”)3. ~~Based~~QUANTITATIVE onAND ~~this~~QUALITATIVE ~~evaluation, the~~DISCLOSURES ~~Principal~~ABOUT ~~Executive~~MARKET ~~Officer and Principal Financial Officer concluded for the reasons discussed below that our disclosure controls and procedures were not effective as of Aug 1, 2025~~RISK

~~Management’s~~As ~~Report~~a onsmaller ~~Internal~~reporting ~~Control~~company, ~~Over~~we ~~Financial~~are ~~Reporting~~not required to provide the information required by this Item.

~~Management~~ITEM ~~is responsible for establishing and maintaining adequate internal control over financial reporting as defined in Rules 13a-15(f) of the Securities Exchange Act of 1934, as amended~~4. ACONTROLS ~~company’s~~AND internal control over financial reporting is a process designed by a company’s principal executive and principal financial officers, or persons performing similar functions, and effected by a company’s board of directors, management and other personnel, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with U.S. generally accepted accounting principles and includes those policies and procedures that:PROCEDURES

~~● pertain to the maintenance~~ Evaluation of ~~records~~Disclosure ~~that~~Controls ~~in reasonable detail accurately~~ and fairly reflect the transactions and dispositions of our assets; ● provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with U.S. generally accepted accounting principles, and that receipts and expenditures are being made only in accordance with authorizations of our management and directors; and ● provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of our assets that could have a material effect on the financial statements.Procedures

~~Because~~We maintain disclosure controls and procedures (as that term is defined in Rules 13a-15I and 15d-15(e) under the Securities Exchange Act of ~~its~~1934, ~~inherent~~as ~~limitations~~amended (the “Exchange Act”)) that are designed to ensure that information required to be disclosed in our reports under the Exchange Act is recorded, ~~internal~~processed, ~~control~~summarized ~~over~~and ~~financial~~reported ~~reporting~~within ~~may~~the ~~not~~time ~~prevent~~periods orspecified ~~detect~~in ~~misstatements.~~the ~~Also~~SEC’s rules and forms, ~~projections~~and ofthat such information is accumulated and communicated to our management, including our principal executive officer and principal ~~any~~financial ~~evaluation~~officer, ofas ~~effectiveness~~appropriate, to ~~future~~allow ~~periods~~timely ~~are~~decisions ~~subject~~regarding required disclosures. In designing disclosure controls and procedures, our management necessarily was required to apply its judgment in evaluating the ~~risk~~cost-benefit ~~that~~relationship ~~controls~~of ~~may~~possible ~~become~~disclosure ~~inadequate~~controls and ~~because~~procedures. The design of ~~changes~~any disclosure controls and procedures also is based in ~~conditions,~~part upon certain assumptions about the likelihood orof future events, and there can be no assurance that ~~the~~any ~~degree~~design ofwill ~~compliance~~succeed ~~with~~in ~~the~~achieving ~~policies~~its orstated goals under all potential future conditions. Any controls and procedures, ~~may~~no ~~deteriorate~~matter how well designed and operated, can provide only reasonable, not absolute, assurance of achieving the desired control objectives.

~~Management,~~Our ~~including~~management, with the participation of our ~~President~~principal executive officer and ~~Principal~~principal ~~Financial~~financial ~~Officer~~officer, has ~~conducted~~evaluated anthe ~~evaluation~~ effectiveness of the ~~effectiveness~~design and operation of our ~~internal~~disclosure ~~control~~controls ~~over financial~~and ~~reporting~~procedures as of ~~September~~the ~~30,~~end ~~2025~~of the period covered by this Report. ~~Management’s~~Based upon that evaluation ofand subject to the ~~effectiveness~~foregoing, ofour ~~the~~principal ~~Company’s~~executive ~~internal~~officer ~~control over~~and principal financial ~~reporting~~officer isconcluded ~~based~~that onour ~~the~~disclosure controls ~~framework~~and ~~described~~procedures inwere ~~“Internal~~not ~~Control~~effective —as ~~Integrated~~of ~~Framework~~March ~~(2013)”~~31, ~~issued by~~2026 due to the ~~Committee~~material ofweaknesses ~~Sponsoring~~in ~~Organizations~~internal ofcontrol ~~the~~over ~~Treadway~~financial ~~Commission~~reporting described ~~(“COSO”)~~below.

~~Based~~Material onWeaknesses ~~its~~in ~~assessment,~~Internal ~~management~~Control ~~concluded that the Company’s internal control~~ over ~~financial~~Financial reporting was not effective as of June 30, 2025, with the following aspects being noted as the potential material weakness: due to the lack of an oversight committee, insufficient accounting personnel for appropriate segregation of duties and a lack of personnel with familiarity with U. S. generally accepted accounting principles.Reporting

~~This~~A ~~Quarterly~~material ~~Report~~weakness, ~~does~~as ~~not~~defined ~~include~~in anthe ~~attestation~~standards ~~report~~established ofby ~~our~~Sarbanes-Oxley ~~Company’s~~is ~~independent~~a ~~registered~~deficiency, ~~public~~or ~~accounting~~a ~~firm~~combination ~~regarding internal~~of deficiencies, in internal control over financial reporting. ~~Management’s~~such ~~report~~that ~~was~~there ~~not~~is ~~subject~~a toreasonable ~~attestation~~possibility bythat ~~our~~a ~~independent~~material ~~registered~~misstatement ~~public accounting~~of ~~firm~~our ~~pursuant~~annual toor ~~temporary~~interim ~~rules~~consolidated financial ofstatements ~~the~~will ~~SEC~~not ~~that~~be ~~permit~~prevented ~~our~~or ~~Company~~detected toon ~~provide~~a ~~only~~timely ~~management’s report in this Quarterly Report~~basis.

~~This~~The ~~report~~Company ~~shall~~has ~~not~~determined bethat ~~deemed~~its tointernal becontrol ~~filed~~over ~~for~~financial ~~purposes~~reporting ofwas ~~Section~~ineffective 18due ~~of the Securities Exchange Act of 1934, or otherwise subject~~ to the ~~liabilities~~ offollowing ~~that~~material ~~section, and is not incorporated by reference into any filing of the Company, whether made before or after the date hereof, regardless of any general incorporation language in such filing.~~weaknesses:

~~Changes in~~● ~~Internal~~Inadequate ~~Control~~segregation ~~over~~of ~~Financial~~duties ~~Reporting~~consistent with control objectives; and ● Need for an audit committee.

~~There~~Management’s ~~was~~Plan noto ~~change~~Remediate ~~in our internal control over financial reporting or in other factors identified in connection with~~ the ~~evaluation~~Material required by paragraph (d) of Exchange Act Rules 13a-15 or 15d-15 that occurred during the quarter ended September 30, 2025 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.Weakness

19Management is developing a plan to institute protocols to identify causes of the control deficiencies that give rise to the material weaknesses. Until the remediation efforts are fully implemented, and an audit committee is appointed, management expects material weaknesses will continue to exist.

~~PART~~Management ~~II—OTHER~~will ~~INFORMATION~~continue to monitor and evaluate the effectiveness of our internal controls and procedures over financial reporting on an ongoing basis and is committed to taking further action and implementing additional enhancements or improvements, as necessary and as funds allow.

Changes in Internal Control Over Financial Reporting

There have been no changes in our internal controls over financial reporting that occurred during the quarter ended March 31, 2026, that have materially affected, or that are reasonably likely to materially affect, our internal control over financial reporting.

PART II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

In the opinion of management, we are not involved in any claims, legal actions or regulatory proceedings as of March 31, 2026.

ITEM 1A. RISK FACTORS

Our business faces many risks, a number of which are described under the caption “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2025 filed with the SEC on April 6, 2026. There have been no material changes from the risk factors previously disclosed in such Annual Report.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES

On February 4, 2026, the Company issued 30,000,000 shares of common stock to John P. O’Shea, President for cash consideration of $30,000.

On February 17, 2026, the Company issued 10,000,000 shares of common stock to Jennifer L. O’Shea, Secretary for cash consideration of $10,000.

The issuances of common stock described above were made pursuant to an exemption from registration under Section 4(a)(2) of the Securities Act of 1933, as amended, as transactions not involving a public offering. The shares issued are restricted securities and bear a legend restricting transfer absent registration or an applicable exemption from registration.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None.

ITEM 24. ~~UNREGISTERED~~MINE ~~SALES~~SAFETY ~~OF EQUITY SECURITIES AND USE OF PROCEEDS~~DISCLOSURES

None.

ITEM 5. OTHER INFORMATION

~~None~~On January 18, 2026, the Board of Directors of Strategic Acquisitions, Inc. accepted the resignation of Wei Huang in his position as Director of the Company.

On February 3, 2026, the Board of Directors of the Company accepted the resignation of Yuanyuan Huang in his position as Secretary, Principal Financial Officer, Director of the Company.

The Company is not aware of any disputes involving the directors who have resigned.

On February 18, 2026, the Board of Directors of the Company appointed Jennifer L. O’Shea, wife of John P. O’Shea, to the Board of Directors.

On December 23, 2025, the Company’s Board of Directors approved the termination of the Company’s registration under the Securities Exchange Act of 1934 by filing a Form 15. On February 23, 2026, the Board of Directors approved the withdrawal and rescission of such filing, and the Company continues as a reporting company under the Exchange Act.

ITEM 6. EXHIBITS

The following exhibits are filed with this Report or incorporated by reference:

Exhibit Number		Description

31.1*		Section 302 Certification under the Sarbanes-Oxley Act of 2002 of the Principal Executive Officer
31.2*		Section 302 Certification under the Sarbanes-Oxley Act of 2002 of the Principal Financial Officer
32.1*		Section 906 Certification under the Sarbanes-Oxley Act of 2002 of the Principal Executive Officer
32.2*		Section 906 Certification under the Sarbanes-Oxley Act of 2002 of the Principal Financial Officer
101.INS		Inline XBRL Instance Document t
101.SCH		Inline XBRL Taxonomy Extension Schema Document
101.CAL		Inline XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF		Inline XBRL Taxonomy Extension Definitions Linkbase Document
101.LAB		Inline XBRL Taxonomy Extension Label Linkbase Document
101.CAL		Inline XBRL Taxonomy Extension Calculation Linkbase Document
101.PRE		Inline XBRL Taxonomy Extension Presentation Linkbase Document t
104		Cover Page Interactive Data File (formatted as Inline XBRL as contained in Exhibit 101)

~~EXHIBIT LIST~~23

Exhibit Number		Description
31.1		Certification of the Principal Executive Officer and Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
32.1		Certification of the Principal Executive Officer and Principal Financial Officer pursuant to 18 U.S.C. Section 1350, Section 906 of the Sarbanes-Oxley Act of 2002
101.INS		Inline XBRL Instance Document
101.SCH		Inline XBRL Taxonomy Extension Schema Document
101.CAL		Inline XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF		Inline XBRL Taxonomy Extension Definition Linkbase Document
101.LAB		Inline XBRL Taxonomy Extension Labels Linkbase Document
101.PRE		Inline XBRL Taxonomy Extension Presentation Linkbase Document
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements 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.

	STRATEGIC ACQUISITIONS, INC.
Date: October 31, 2025	By:	/s/ YUANYUAN HUANG
	(Registrant)
		YUANYUAN HUANG
Date: May 6, 2026	By:	/s/ John P. O’Shea
		Secretary and Treasurer Office
		John P. O’Shea
		Principal Executive Officer
		Principal Financial Officer

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