UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 10-Q

(Mark One)

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

FOR THE QUARTERLY PERIOD ENDED:

~~March~~June 3130

, 2024

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

FOR THE TRANSITION PERIOD FROM __________ TO __________

Commission File Number: 000-55661

EOS Inc.

(Exact name of registrant as specified in its charter)

Nevada		30-0873246
(State or other jurisdiction of incorporation or organization)		(I.R.S. ~~EmployerIdentification~~Employer Identification No.)

2F., No. 157, Sec. 2, Nanjing E. Rd., Zhongshan Dist., 

Taipei City 104075 Taiwan (Republic of China) 

(Address of principal executive offices, Zip Code)

+8862-2586-8300

(Registrant’s telephone number, including area code)

	N/A
	(Former name or former address, if changed since last report)

Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
None		None		None

Indicate by check mark whether the registrant (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act 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

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

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

Large accelerated filer	¨	Accelerated filer	¨
Non-accelerated filer	x	Smaller reporting company	x
		Emerging growth company	x

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

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

As of

20August 19, 2024

202

, the number of shares of registrant’s common stock outstanding is 604,781,560.

EOS, Inc. 

Table of Contents

PART I - FINANCIAL INFORMATION
Item 1.	Financial Statements (Unaudited)	F-1
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operation	3
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	12
Item 4.	Controls and Procedures	12
PART II - OTHER INFORMATION
Item 1.	Legal Proceedings	1213
Item 1A.	Risk Factors	13
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	13
Item 3.	Defaults Upon Senior Securities	13
Item 4.	Mine Safety Disclosures	13
Item 5.	Other Information	13
Item 6.	Exhibits	1314
SIGNATURES		1415

PPART I — FINANCIAL INFORMATION

~~ART~~Item I1. —Financial ~~FINANCIAL INFORMATION~~Statements.

tem 1. Financial Statements.

The following unaudited interim condensed consolidated financial statements of EOS Inc. are included in this Quarterly Report on Form 10-Q:

INDEX TO FINANCIAL STATEMENT

Condensed Consolidated Balance Sheets as of March 31, 2024 and December 31, 2023 (unaudited)	F-2
Condensed Consolidated Balance Sheets as of June 30, 2024 and December 31, 2023 (unaudited)	F-2
Condensed Consolidated Statements of Operations and Comprehensive Loss for the three months ended March 31, 2024 and 2023 (unaudited)	F-3
Condensed Consolidated Statements of Operations and Comprehensive Loss for the Three and Six Months Ended June 30, 2024 and 2023 (unaudited)	F-3
Condensed Consolidated Statements of Changes in Shareholders’ Equity for the three months ended March 31, 2024 and 2023 (unaudited)	F-4
Condensed Consolidated Statements of Changes in Shareholders’ Deficit for the Six Months Ended June 30, 2024 and 2023 (unaudited)	F-4
Condensed Consolidated Statements of Cash Flows for the three months ended March 31, 2024 and 2023 (unaudited)	F-5
Condensed Consolidated Statements of Cash Flows for the Six Months Ended June 30, 2024 and 2023 (unaudited)	F-5
Notes to Condensed Consolidated Financial Statements for the three months ended March 31, 2024 and 2023 (unaudited)	F-6
Notes to Condensed Consolidated Financial Statements for the Six Months Ended June 30, 2024 and 2023 (unaudited)	F-6

F-1

EOS, INC. AND SUBSIDIARIES

Condensed Consolidated Balance Sheets

CAs of June 30, 2024 and December 31, 2023

onsolidated Balance Sheets

As of March 31, 2024 and December 31, 2023

(In U.S. Dollars, except share data or otherwise stated) 

Unaudited

	March 31,			December 31,
	June 30,			December 31,
	2024			2023
ASSETS
Current Assets
Cash and cash equivalents	$	6410,~~506~~703		$	14,307
Accounts receivable		5166,~~424~~590			224,590
Inventory, net		4630,~~837~~735			79,482
Advances to suppliers		~~164~~171,~~098~~243			161,179
Security deposits		768,395			3,802
Prepaid expenses and other current assets		3,~~703~~162			3,959
Total Current Assets	$	~~330~~290,~~644~~828		$	487,319
Non-Current Assets
Property, plant and equipment, net	$	5,413		$	5,660
Property and equipment, net	$	5,173		$	5,660
Operating lease right of use asset		371,~~393~~456			4,192
Total Non-Current Assets	$	876,~~806~~629		$	9,852
Total Assets	$	~~339~~367,~~450~~457		$	497,171
LIABILITIES AND SHAREHOLDERS’ DEFICIT
Current Liabilities
Accounts payable	$	-		$	9,761
Other payable and accrued expenses		~~206~~223,~~640~~308			309,103
Due to shareholders		846,~~513~~612			74,065
Income taxes payable		4342,~~810~~838			45,318
Other current liabilities		1,~~062~~125,~~500~~000			1,000,000
Operating lease liabilities - current		215,~~260~~833			2,818
Current portion of long-term loan payables		49,~~876~~887			53,165
Total Current Liabilities	$	1,~~373~~503,~~599~~478		$	1,494,230
Non-Current Liabilities
Long-term loan payables	$	5036,~~976~~946		$	65,210
Operating lease liabilities - non-current		155,~~133~~623			1,374
Total Non-Current Liabilities	$	5292,~~109~~569		$	66,584
Total Liabilities	$	1,~~425~~596,~~708~~047		$	1,560,814
Commitments and Contingencies
Shareholders’ Deficit
Preferred stock ($0.001 par value, 5,000,000 shares authorized, 1,500,000 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively)	$	1,500		$	1,500
Preferred stock ($0.001 par value, 5,000,000 shares authorized, 1,500,000 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively)	$	1,500		$	1,500
Common stock ($0.001 par value; 1,000,000,000 shares authorized, 604,781,560 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively)		604,781			604,781
Common stock ($0.001 par value; 1,000,000,000 shares authorized, 604,781,560 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively)		604,781			604,781
Additional paid in capital		175,268			175,268
Deferred stock compensation		(40,674	)		(40,674	)
Accumulated loss		(1,~~845~~996,~~903~~777	)		(1,802,695	)
Accumulated other comprehensive income (loss)		1827,~~770~~312			(1,823	)
Total Shareholders’ Deficit	$	(1,~~086~~228,~~258~~590	)	$	(1,063,643	)
Total Liabilities and Shareholders’ Deficit	$	~~339~~367,~~450~~457		$	497,171

F-2

EOS, INC. AND SUBSIDIARIES

Condensed Consolidated Statements of Operations and Comprehensive 

CLoss for the Three and Six Months Ended June 30, 2024 and 2023

~~Loss~~(In U.S. Dollars, except share data or otherwise stated)

For the Three Months Ended March 31, 2024 and 202

Unaudited

	Three Months Ended			Three Months Ended				Six Months Ended			Six Months Ended
	March 31,			March 31,
	June 30,			June 30,				June 30,			June 30,
	2024			2023				2024			2023
Net sales	$	5419,~~124~~703		$	~~171~~82,~~079~~426			$	73,827		$	253,505
Cost of sales		(5014,~~506~~899	)		(5828,~~173~~530	)	)		(65,405	)		(86,703	)
Gross profit		34,~~618~~804			~~112~~53,~~906~~896				8,422			166,802
Selling, general and administrative expenses		(~~205~~212,~~644~~877	)		(~~242~~218,~~326~~537	)	)		(418,521	)		(460,863	)
Loss from operations		(~~202~~208,~~026~~073	)		(~~129~~164,~~420~~641	)	)		(410,099	)		(294,061	)
Other income (expense)
Interest expense		(~~832~~1,092	)		(1,~~383~~226	)	)		(1,924	)		(2,609	)
Other income		~~159~~58,~~650~~291			~~666~~759				217,941			1,425
Total other income (expense)		~~158~~57,~~818~~199			(~~717~~467	)	)		216,017			(1,184	)
Net loss before income tax		(43,208	)		(130,137	)
Loss before income tax expense		(150,874	)		(165,108		)		(194,082	)		(295,245
Income tax expense		-			-
Income tax expenses		-			-				-			-
Net Loss	$	(43150,~~208~~874	)	$	(~~130~~165,~~137~~108	)	)	$	(194,082	)	$	(295,245	)
Other Comprehensive Loss:
Other Comprehensive Income (Loss):
Net loss attributable to non-controlling interests	$	-			(12,~~900~~882	)	)		-			(4,782	)
Net loss attributable to EOS and subsidiaries		(43150,~~208~~874	)		(~~128~~162,~~237~~226	)	)		(194,082	)		(290,463	)
Foreign currency translation adjustment, net of tax		208,~~593~~542			~~(794~~8,532	)			29,135			7,738
Comprehensive loss	$	(22142,~~615~~332	)	$	(~~130~~156,~~931~~576	)	)	$	(164,947	)	$	(287,507	)
Net loss per share:
Basic and diluted	$	(0.000	)	$	(0.001	)	)	$	(0.000	)	$	(0.002	)
Weighted average number of common shares:
Basic and diluted		~~323~~604,~~047~~781,~~313~~560			183,781,560				428,008,957			183,781,560

F-3

EOS, INC. AND SUBSIDIARIES

Condensed Consolidated Statements of Changes in Shareholders’ Deficit

CFor the Six 

~~onsolidated Statements of Changes in Shareholders’ Equity~~M

Foronths the Three Months Ended March 31, 2024 and 202

nded June 30, 2024 and 2023

(In U.S. Dollars, except share data or otherwise stated)

Unaudited

	Common Stock				Preferred Stock
																	Accumulated			Equity
	Number of Shares		Amount		Number of Shares		Amount		Deferred Stock Compensation			Additional Paid-in Capital		Accumulated loss			Accumulated other Comprehensive Income (Loss)			Equity attributable to EOS, Inc.			Non- Controlling interest			Total Equity
	Common Stock				Preferred Stock				Deferred			Additional					other			attributable			Non-			Total
Balance at December 31, 2022		183,781,560	$	183,781	$	1,500,000	$	1,500	$	(40,674	)	$	67,249	$	(1,165,665	)	$	42,964		$	(910,845	)	$	(5,447	)	$	(916,292	)
	Number of				Number of				Stock			Paid-in		Accumulated			Comprehensive			to			Controlling			Shareholder’
	Shares		Amount		Shares		Amount		Compensation			Capital		loss			Income (Loss)			EOS, Inc.			interest			Deficit
Balance at December 31, 2022		183,781,560	$	183,781		1,500,000	$	1,500	$	(40,674	)	$	67,249	$	(1,165,665	)	$	42,964		$	(910,845	)	$	(5,447	)	$	(916,292	)
Foreign currency translation adjustment		-		-		-		-		-			-		-			(727	)		(727	)		(67	)		(794	)
Net loss		-		-		-		-		-			-		(128,237	)					(128,237	)		(1,900	)		(130,137	)
Balance at March 31, 2023		183,781,560	$	183,781		1,500,000	$	1,500	$	(40,674	)	$	67,249	$	(1,293,902	)	$	42,237		$	(1,039,809	)	$	(7,414	)	$	(1,047,223	)
Foreign currency translation adjustment		-		-		-		-		-			-		-			8,112			8,112			420			8,532
Net loss				-		-		-		-			-		(162,226	)		-			(162,226	)		(2,882	)		(165,108	)
Balance at June 30, 2023		183,781,560	$	183,781		1,500,000	$	1,500	$	(40,674	)	$	67,249	$	(1,456,128	)	$	50,349		$	(1,193,923	)	$	(9,876	)	$	(1,203,799	)
Balance at December 31, 2023		604,781,560		604,781		1,500,000		1,500		(40,674	)		175,268		(1,802,695	)		(1,823	)		(1,063,643	)		-			(1,063,643	)
Foreign currency translation adjustment		-		-		-		-		-			-		-			20,593			20,593			-			20,593
Net loss		-		-		-		-		-			-		(43,208	)					(43,208	)		-			(43,208	)
Balance at March 31, 2024		604,781,560	$	604,781	$	1,500,000	$	1,500	$	(40,674	)	$	175,268	$	(1,845,903	)	$	18,770		$	(1,086,258	)	$	-		$	(1,086,258	)
Foreign currency translation adjustment		-		-		-		-		-			-		-			8,542			8,542			-			8,542
Net loss		-		-		-		-		-			-		(150,874	)		-			(150,874	)		-			(150,874	)
Balance at June 30, 2024		604,781,560	$	604,781		1,500,000	$	1,500	$	(40,674	)	$	175,268	$	(1,996,777	)	$	27,312		$	(1,228,590	)	$	-		$	(1,228,590	)

F-4

EOS, INC. AND SUBSIDIARIES

Condensed Consolidated Statements of Cash Flows

onsolidatedor Statementsthe ofSix Cash Flows

~~For the Three Months Ended March 31, 2024 and 202~~M

3onths 

nded June 30, 2024 and 2023

(In U.S. Dollars, except share data or otherwise stated)

Unaudited

	Three Months Ended			Three Months Ended
	Six Months Ended			Six Months Ended
	March 31,			March 31,
	June 30,			June 30,
	2024			2023
Cash flows from operating activities
Net loss	$	(43194,~~208~~082	)	$	(~~130~~295,~~137~~245	)
Adjustments to reconcile net loss to net cash provided by operating activities
Adjustments to reconcile net income to net cash provided by/ (used in) operating activities
Depreciation		241			192
Reversal of provision for doubtful debts		(183,683	)		-
Bad debt recovery		(129,364	)		-
Depreciation		468			408
Amortization of right-of-use asset		~~682~~4,892			~~8,818~~-
Changes in assets and liabilities
Decrease in accounts receivable		~~313~~355,~~883~~060			3028,~~717~~424
Decrease (increase) in inventory		2945,~~836~~028			(6940,~~155~~022	)
Decrease (increase) in advance to suppliers		(2,919	)		3,835
(Increase) decrease in advance to suppliers		(10,064	)		4,357
Decrease in security deposits and other assets		5,983			3,356
(Increase) decrease in security deposits and other assets		(3,796	)		18,649
Increase (decrease) in accounts payable		(9,761	)		39,062
Decrease in accounts payable		(9,761	)		-
Increase (decrease) in accrued expenses		(39,963	)		33,486
Increase in accrued expenses		39,205			103,771
Decrease in advances from customers		~~(2,001~~-	)		(12,~~986~~925	)
Increase (decrease) in income tax payable		(1,508	)		3,412
(Decrease) increase in income tax payable		(2,480	)		865
Decrease in operating lease liabilities		(~~799~~4,987	)		~~(8,818~~-	)
Net cash provided by (used in) operating activities	$	~~121~~35,~~102~~800		$	(98191,~~218~~718	)
Cash flows from investing activity
Purchase of equipment	$	-		$	(1,~~096~~091	)
Net cash used in investing activity	$	-		$	(1,~~096~~091	)
Cash flows from financing activities
Proceeds from related party	$	145,440			114,367
Repayment to related party		(195,915	)		(51,831	)
Repayment to related party		(183,004	)		-
Proceeds from related party		206,935			290,075
Repayment to borrowings		(1731,~~523~~542	)		(1836,~~301~~546	)
Net cash (used in) provided by financing activities	$	(5520,~~087~~522	)	$	96201,~~066~~698
Effect of foreign currency translation on cash and cash equivalents		(1518,~~816~~882	)		~~109~~(458	)
Net increase (decrease) of cash and cash equivalents		50,199			(3,139	)
Net (decrease) increase of cash and cash equivalents		(3,604	)		8,431
Cash and cash equivalents
Beginning		14,307			18,~~170~~169
Ending	$	6410,~~506~~703		$	1526,~~031~~600
Supplemental Disclosure of Cash Flows
Cash paid during the periods for:
Interest	$	~~832~~1,594		$	12,~~383~~666
Income taxes	$	-		$	-

F-5

EOS, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 

(UNAUDITED)

NNote 1. NATURE OF OPERATIONS AND SUMMARY OF ACCOUNTING POLICIES

ote 1. NATURE OF OPERATIONS AND SUMMARY OF ACCOUNTING POLICIES

Basis of Presentation

The accompanying unaudited consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”) for interim financial reporting and in accordance with instructions for Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, the unaudited consolidated financial statements contained in this report reflect all adjustments that are normal and recurring in nature and considered necessary for a fair presentation of the financial position and the results of operations for the interim periods presented. The year-end balance sheet data were derived from audited consolidated financial statements, but does not include all disclosures required by GAAP. The results of operations for the interim period are not necessarily indicative of the results expected for the full year. These unaudited consolidated financial statements, footnote disclosures, and other information should be read in conjunction with the consolidated financial statements and the notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023.

Organization

EOS Inc. was in

EOS Inc. was incorporated on April 3, 2015 in the State of Nevada. The Company is a distributor of various consumer products, such as skin care products, dietary supplements, and water purifying machines.corpor

ated on April 3, 2015 in the State of Nevada. The Company is a distributor of various consumer products, such as skin care products, dietary supplements, and water purifying machines.

EEmperor Star International Trade Co., Ltd., (“Emperor Star”), was incorporated on November 16, 2015 under the laws of Taiwan. Emperor Star is in the business of marketing and distribution of various products, including nutrition supplements, skin care products, and water purifiers.

On May 3, 2017, the Company entered into and closed a Share Purchase and Sale Agreement (the “Purchase Agreement”) with Emperor Star and the shareholder of Emperor Star to acquire all issued and outstanding shares of Emperor Star in consideration of $30,562 in cash. As a result of the Purchase Agreement, Emperor Star became the Company’s wholly owned subsidiary. Upon consummation of the transaction, the Company has assumed the business of Emperor Star and ceased to be a shell company.

On September 20, 2018, the Company set up another wholly-owned subsidiary, EOS International Inc. (“EOS(BVI)”), under the laws of British Virgin Islands. EOS(BVI) is in the business of marketing and distribution of various products, including nutrition supplements, skin care products, and water purifiers.

On March 1, 2019, EOS(BVI) set up a wholly-owned subsidiary, Shanghai Maosong Co., Ltd (“Maosong”), under the laws of People’s Republic of China. Maosong is in the business of marketing and distribution of various products, including nutrition supplements, skin care products, and water purifiers in China. As of the date of this report, Maosong has a registered capital of USD $100,000, but no capital has actually been paid into Maosong.

On June 2, 2020, EOS(BVI) 83.33% owner, and Shanghai Qifan Qiye Management Co., Ltd. (“Qifan”) 16.67% owner of Maosong resolute to change the registered capital of Maosong to RMB 1,200,000,000 (1.2 billion) and that EOS to contribute certain Intellectual Property as registered capital of Shanghai Maosong. Intellectual Property owned by EOS International Inc was valued at RMB 1,000,000,000 (1 billion) and Intellectual Property owned by Qifan was valued at RMB 200,000,000 (200 million).

On July 13, 2021, EOS(BVI), MaoSong, and Qifan entered into a Shareholder Agreement where Qifan (i) delegate its 16.67% equity voting rights, powers, or benefits in Maosong to EOS(BVI); (ii) grant EOS(BVI) an irrevocable, unconditional, exclusive option to purchase Maosong’s equity interest; (iii) the right to receive any proceeds from the Maosong’s Equity Interest; (iv) pledge its existing or any prospective Maosong equity interest to EOS Int’l; as a result EOS(BVI) retains 100% control of MaoSong and the 16.67% noncontrolling interest are consolidated.

On July 1, 2023, the Company assumes effective control of Emperor Star International Trade Co., Ltd (Emperor Star), a commerce and trade company, through execution of declaration of trust for Emperor Star’s 100% share capital. The primary reason the Company completed the equity transaction within owners is to invest resources, expand the operations and turn Emperor Star into a profitable business.

execution of declaration of trust for Emperor Star’s 100% share capital. The primary reason the Company completed the equity transaction within owners is to invest

resources, expand the operations and turn Emperor Star into a profitable business.

F-6

Principles of Consolidation 

The accompanying consolidated financial statements, including the accounts of EOS Inc. and its wholly owned subsidiaries in Taiwan, British Virgin Islands, and People’s Republic of China, have been prepared in conformity with accounting principles generally accepted in the United States of America. Since the Company and Emperor Star are entities under common control prior to the acquisition of Emperor Star, the transaction is accounted for as a restructuring transaction. All assets and liabilities of Emperor Star were transferred to the Company at their respective carrying amounts on the date of transaction. The Company has recast prior period financial statements to reflect the conveyance of Emperor Star’s common shares as if the restructuring transaction had occurred as of the earliest date of the consolidated financial statements. All material intercompany accounts, transactions, and profits have been eliminated in consolidation. The nature of and effects on earnings per share (EPS) of non-recurring intra-entity transactions involving long-term assets and liabilities is not required to be eliminated and EPS amounts have been recast to include the earnings (or losses) of the transferred net assets.

The functional currency of the subsidiaries in Taiwan is the New Taiwan dollars and the subsidiary in People’s Republic of China is the Chinese Yuan, or Renminbi; however, the accompanying consolidated financial statements have been translated and presented in United States Dollars ($). In the accompanying consolidated financial statements and notes, “$”, “US$” and “U.S. dollars” mean United States dollars, “NT$” and “NT dollars” mean New Taiwan dollars, and “RMB” means Chinese Yuan, or Renminbi.

Use of Estimates

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

Cash and Cash Equivalents

Cash and cash equivalents include cash and all highly liquid instruments with original maturities of three months or less.

Accounts Receivable

Accounts receivable are amounts due from customers for goods sold or services performed in the ordinary course of business. They are generally due for settlement within 90 days and therefore all classified as current. Accounts receivable are stated at carrying value less estimates made for doubtful receivables. Accounts receivable are stated at the historical carrying amount net of allowance for expected credit losses.

Inventory

Inventory is stated at the lower of cost and net realizable value. Net realizable value (NRV) is defined as estimated selling prices less costs of completion, disposal, and transportation. Inventory consists mainly of finished goods held for resale. Cost is determined on a weighted average cost method. The Company periodically reviews the age and turnover of its inventory to determine whether any inventory has become obsolete or has declined in value, and incurs a charge to operations for known and anticipated inventory obsolescence.

F-7

Property and Equipment

Property and equipment are carried at cost net of accumulated depreciation. Expenditures that improve the functionality of the related asset or extend the useful life are capitalized. When property and equipment is retired or otherwise disposed of, the related gain or loss is included in operating income. Leasehold improvements are depreciated on the straight-line method over the shorter of the remaining lease term or estimated useful life of the asset. Depreciation is calculated on the straight-line method, including property and equipment under capital leases, generally over five years. Depreciation expense was $468 and

~~241~~$408 for the six months ended June 30, 2024 and 2023, respectively.

and $192 for the three months ended March 31, 2024 and 202

, respectively.

Impairment of Long-Lived Assets

The Company has adopted Accounting Standards Codification subtopic 360-10, Property, Plant and Equipment (“ASC 360-10”). ASC 360-10 requires that long-lived assets and certain identifiable intangibles held and used by the Company be reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. The Company evaluates its long-lived assets for impairment annually or more often if events and circumstances warrant. Events relating to recoverability may include significant unfavorable changes in business conditions, recurring losses, or a forecasted inability to achieve breakeven operating results over an extended period. The Company evaluates the recoverability of long-lived assets based upon forecasted undiscounted cash flows. Should impairment in value be indicated, the carrying value of intangible assets will be adjusted, based on estimates of future discounted cash flows resulting from the use and ultimate disposition of the asset. ASC 360-10 also requires assets to be disposed of be reported at the lower of the carrying amount or the fair value less costs to sell. Impairment loss on property and equipment was $nil and $nil ~~for the three months ended March 31, 2024 and 202~~

3for the six months ended June 30, 2024 and 2023, respectively.

, respectively.

Revenue Recognition

Pursuant to ASC 606, the Company recognizes revenue when its customer obtains control of promised goods or services, in an amount that reflects the consideration that the Company expects to receive in exchange for those goods or services. To determine revenue recognition for arrangements that the Company determines is within the scope of ASC 606, the Company performs the following five steps: (i) identify the contract(s) with a customer; (ii) identify the performance obligations in the contract; (iii) determine the transaction price; (iv) allocate the transaction price to the performance obligations in the contract; and (v) recognize revenue when (or as) the Company satisfies a performance obligation. The Company only applies the five-step model to contracts when it is probable that the Company will collect the consideration the Company is entitled to in exchange for the goods or services the Company transfers to the customers. At inception of the contract, once the contract is determined to be within the scope of ASC 606, the Company assesses the goods or services promised within each contract, determines those that are performance obligations, and assesses whether each promised good or service is distinct. The Company then recognizes as revenue the amount of the transaction price that is allocated to the respective performance obligation when (or as) the performance obligation is satisfied.

Merchandise sales: The Company recognizes sales revenues from merchandise sales when customers obtain control of the Company’s products, which typically occurs upon delivery to customer. Merchandise sales revenues are recorded at the sales price, or “transaction price”.

Software sales: The Company does not develop the software products on its own. When the Company receives a purchase order from the customer, the Company would engage with the third-party software company to customize and develop the software products. The Company recognizes software revenues upon completion of the installation and testing, and transfer the control of the software products to the customer. Software revenues are recorded at the fixed sales price, or “transaction price”, pursuant to the sales contracts. The Company may also charge the customer maintenance service fees on a straight-line basis over the service period pursuant to the sales contract. The Company concluded that the performance obligation for the maintenance service is distinct. Therefore, such maintenance service revenue can be separated from other elements in the arrangement.

Trade discount and allowances: The Company generally does not provide invoice discounts on product sales to its customers for prompt payment.

Product returns: The Company generally does not provide customers with the right to return a product for a full or partial refund, a credit, or an exchange for another product.

F-8

To date, product allowance and returns have been minimal and, based on its experience, the Company believes that returns of its products will continue to be minimal.

The following tables provide details of revenue by major products and by geography.

Revenue by Major Products

For the three months ended March 31, 2024:
For the six months ended June 30, 2024:
Nutrition supplement	$	5473,~~124~~827
Total	$	5473,~~124~~827
For the three months ended March 31, 2023:
For the six months ended June 30, 2023:
Nutrition supplement	$	~~164~~247,~~628~~084
Software		5,~~978~~950
Other		~~473~~471
Total	$	~~171~~253,~~079~~505

Revenue by Geography

Revenue from external customers

The Company’s customers are mainly located in Taiwan and Hong Kong.

For the s ix months ended June 30, 2024:
Taiwan	$	14,519
Hong Kong		59,308
Total	$	73,827

For the three months ended March 31, 2024:
For the six months ended June 30, 2023:
Hong Kong	$	52,216
Taiwan	$	235,246
Taiwan		1,908
Hong Kong		18,259
Total	$	54253,~~124~~505

For the three months ended March 31, 2023:
Hong Kong	$	18,346
Taiwan		152,733
Total	$	171,079

Leases

The Company adopted FASB Accounting Standards Codification, Topic 842, Leases (“ASC 842”) using the modified retrospective approach, electing the practical expedient that allows the Company not to restate its comparative periods prior to the adoption of the standard on January 1, 2019. As such, the disclosures required under ASC 842 are not presented for periods before the date of adoption. For the comparative periods prior to adoption, the Company presented the disclosures which were required under ASC 842.

The new leasing standard requires recognition of leases on the consolidated balance sheets as right-of-use (“ROU”) assets and lease liabilities. ROU assets represent the Company’s right to use underlying assets for the lease terms and lease liabilities represent the Company’s obligation to make lease payments arising from the leases. Operating lease ROU assets and operating lease liabilities are recognized based on the present value and future minimum lease payments over the lease term at commencement date. The Company’s future minimum based payments used to determine the Company’s lease liabilities mainly include minimum based rent payments. As most of Company’s leases do not provide an implicit rate, the Company uses its estimated incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments.

F-9

In addition, the adoption of the standard did not have a material impact on the Company’s results of operations or cash flows. Operating lease cost is recognized as a single lease cost on a straight-line basis over the lease term and is recorded in Selling, general and administrative expenses. Variable lease payments for common area maintenance, property taxes and other operating expenses are recognized as expense in the period when the changes in facts and circumstances on which the variable lease payments are based occur.

Advertising Costs

Advertising costs are expensed at the time such advertising commences. Advertising expenses were $nil and $~~nil for three months ended March 31, 2024 and 202~~

3114

, ~~respectively.~~for

ix months ended June 30, 2024 and 2023, respectively.

Stock-Based Compensation

The Company accounts for stock-based compensation in accordance with ASC 718, Compensation-Stock Compensation (“ASC 718”). Under the fair value recognition provisions, stock-based compensation cost is measured at the grant date based on the fair value of the award and is recognized as compensation expense on a straight-line basis over the requisite service period, based on the terms of the awards. The Company calculates the fair value of option grants utilizing the Black-Scholes pricing model and estimates the fair value of the stock based upon the estimated fair value of the common stock.

In June 2018, the Financial Accounting Standards Board (“FASB”) issued ASU 2018-07, Compensation - Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting (“ASU 2018-07”). ASU 2018-07 expands the guidance in ASC 718 to include share-based payments for goods and services to non-employees and generally aligns it with the guidance for share-based payments to employees. In accordance with ASU 2018-07, these stock options and warrants issued as compensation for services provided to the Company are accounted for based upon the fair value of the underlying equity instrument. The fair value of the equity instrument is charged directly to compensation expense and additional-paid-in capital over the period during which services are rendered.

Post-retirement and Post-employment Benefits

The Company’s subsidiaries in Taiwan adopted the government mandated defined contribution plan pursuant to the Taiwan Labor Pension Act (the “Act”). Such labor regulations require that the rate of contribution made by an employer to the Labor Pension Fund per month shall not be less than 6% of the worker’s monthly salaries. Pursuant to the Act, the Company makes monthly contribution equal to 6% of employees’ salaries to the employees’ pension fund. The Company has no legal obligation for the benefits beyond the contributions made. The total amounts for such employee benefits, which were expensed as incurred, were $

~~961~~1,578

and $12,~~175~~339 for ~~three months ended March 31, 2024 and 202~~

ix months ended June 30, 2024 and 2023, respectively. Other than the above, the Company does not provide any other post-retirement or post-employment benefits.

F-10

Fair Value Measurements

FASB ASC 820, “Fair Value Measurements” defines fair value for certain financial and non-financial assets and liabilities that are recorded at fair value, establishes a framework for measuring fair value and expands disclosures about fair value measurements. It requires that an entity measure its financial instruments to base fair value on exit price, maximize the use of observable units and minimize the use of unobservable inputs to determine the exit price. It establishes a hierarchy which prioritizes the inputs to valuation techniques used to measure fair value. This hierarchy increases the consistency and comparability of fair value measurements and related disclosures by maximizing the use of observable inputs and minimizing the use of unobservable inputs by requiring that observable inputs be used when available. Observable inputs are inputs that reflect the assumptions market participants would use in pricing the assets or liabilities based on market data obtained from sources independent of the Company. Unobservable inputs are inputs that reflect the Company’s own assumptions about the assumptions market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. The hierarchy prioritizes the inputs into three broad levels based on the reliability of the inputs as follows:part

icipants would use in pricing the assets or liabilities based on market data obtained from sources independent of the Company. Unobservable inputs are inputs that reflect the Company’s own assumptions about the assumptions market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. The hierarchy prioritizes the inputs into three broad levels based on the reliability of the inputs as follows:

Level 1 – Inputs are quoted prices in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date. Valuation of these instruments does not require a high degree of judgment as the valuations are based on quoted prices in active markets that are readily and regularly available.

F-10

Level 2 – Inputs other than quoted prices in active markets that are either directly or indirectly observable as of the measurement date, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.

Level 3 – Valuations based on inputs that are unobservable and not corroborated by market data. The fair value for such assets and liabilities is generally determined using pricing models, discounted cash flow methodologies, or similar techniques that incorporate the assumptions a market participant would use in pricing the asset or liability.

The carrying values of certain assets and liabilities of the Company, such as cash and cash equivalents, accounts receivable, inventory, advance to suppliers, prepaid expenses, accounts payable, accrued expenses, and due to shareholders, approximate fair value because of to their relatively short maturities. 

Earnings (Loss) Per Share

Basic income (loss) per share is computed by dividing net income (loss) by weighted average number of shares of common stock outstanding during each period. Diluted income (loss) per share is computed by dividing net income (loss) by the weighted average number of shares of common stock, common stock equivalents, and potentially dilutive securities outstanding during each year. Dilutive shares are excluded the exercise price is greater than the average market price and when the Company incurred a net loss as the inclusion of such shares would have an anti-dilutive effect.

For the ~~three months ended March 31, 2024 and 202~~

ix months ended June 30, 2024 and 2023, warrants were excluded as dilutive shares as the Company incurred a net loss.

Income Taxes

The Company accounts for income taxes in accordance with ASC 740, Income Taxes, which requires that the Company recognize deferred tax liabilities and assets based on the differences between the financial statement carrying amounts and the tax basis of assets and liabilities, using enacted tax rates in effect in the years the differences are expected to reverse. Deferred income tax benefit (expense) results from the change in net deferred tax assets or deferred tax liabilities. A valuation allowance is recorded when, in the opinion of management, it is more likely than not that some or all of any deferred tax assets will not be realized.

Foreign-currency Transactions

Foreign-currency transactions are recorded in New Taiwan dollars (“NTD”) and Renminbi (“RMB”) at the rates of exchange in effect when the transactions occur. Gains or losses resulting from the application of different foreign exchange rates when cash in foreign currency is converted into New Taiwan dollars and Renminbi, or when foreign-currency receivables or payables are settled, are credited or charged to income in the year of conversion or settlement. On the balance sheet dates, the balances of foreign-currency assets and liabilities are restated at the prevailing exchange rates and the resulting differences are charged to current income except for those foreign currencies denominated investments in shares of stock where such differences are accounted for as translation adjustments under stockholders’ equity.

Translation Adjustment

The accounts of the Company’s subsidiaries were maintained, and their financial statements wer

~~The~~e accounts of the Company’s subsidiaries were maintained, and their financial statements were expressed in New Taiwan Dollar (“NTD”) and Chinese Yuan, or Renminbi (“RMB”). Such financial statements were translated into U.S. Dollars (“$” or “USD”) in accordance ASC 830, “Foreign Currency Matters”, with the NTD and RMB as the functional currency. According to the Statement, all assets and liabilities are translated at the current exchange rate, common stock and additional paid-in capital are translated at the historical rates, and income statement items are translated at an average exchange rate for the period. The resulting translation adjustments are reported under accumulated other comprehensive income (loss) as a component of stockholders’ equity.expresse

d in New Taiwan Dollar (“NTD”) and Chinese Yuan, or Renminbi (“RMB”). Such financial statements were translated into U.S. Dollars (“$” or “USD”) in accordance ASC 830, “Foreign Currency Matters”, with the NTD and RMB as the functional currency. According to the Statement, all assets and liabilities are translated at the current exchange rate, common stock and additional paid-in capital are translated at the historical rates, and income statement items are translated at an average exchange rate for the period. The resulting translation adjustments are reported under accumulated other comprehensive income (loss) as a component of stockholders’ equity.

F-11

Comprehensive Income (loss)

Comprehensive income (loss) includes accumulated foreign currency translation gains and losses. The Company has reported the components of comprehensive income (loss) on its consolidated statements of operations and other comprehensive income (loss).

F-11

Credit risk

(i) Risk management

The Company reviews the recoverability of its financial assets periodically to ensure that potential credit risk of the counterparty is managed at an early stage and sufficient provision for impairment allowance is made for possible defaults. In addition, receivable balances are monitored on an ongoing basis.

As of June 30, 2024 and December 31, 2023, substantially all of the Group’s bank balances are deposited in major financial institutions. Management does not expect any losses from non-performance by these banks. The credit quality of bank balances has been assessed by reference to external credit ratings or to historical information about the counterparty default rates. The existing counterparties do not have defaults in the past.

31 March 2024 and 31 December 2023

, substantially all of the Group’s bank balances are deposited in major financial institutions. Management does not expect any losses from non-performance by these banks. The credit quality of bank balances has been assessed by reference to external credit ratings or to historical information about the counterparty default rates. The existing counterparties do not have defaults in the past.

The credit risk of the Group’s other financial assets, which comprises amounts advances to suppliers and security deposits and prepaid expenses and other current assets, arises from default of the counterparties, with a maximum exposure equal to the carrying amounts of these instruments.

(ii) Measurement of Credit Losses on Financial Instrument

The Company has Accounts receivable under Financial Instrument that are subject to the Measurement of Credit Losses.

The Company adopted ASU No. 2016-13, “Financial Instruments — Credit Losses (Topic 326), Measurement of Credit Losses on Financial Instruments” on January 1, 2023 using a modified retrospective approach. To estimate expected credit losses, the Company has identified the relevant risk characteristics of its customers and the related receivables. The Company considers the past collection experience, current economic conditions, future economic conditions (external data and macroeconomic factors) and changes in the Company’s customer collection trends. The provision for impairment loss and corresponding receivables were written off when they are determined to be uncollectible.).

Concentration of Credit Risk

Cash and cash equivalents

: The Company’s financial instruments that are exposed to concentrations of credit risk consist primarily of cash and cash equivalents. The Company places its cash and temporary cash investments in high quality credit institutions in Taiwan, but these investments may be in excess of the insurance limits of Taiwan Central Deposit Insurance Corporation (the “TCDIC”) NT$ 3 million. The Company does not enter into financial instruments for hedging, trading or speculative purposes. Concentration of credit risk with respect to trade and notes receivables is limited due to the wide variety of customers and markets in which the Company transacts business, as well as their dispersion across many geographical areas. As of June 30, 2024, the Company had approximately $nil in excess of TCDIC insured limits. The Company has not experienced any losses in such accounts.

Customers

: The Company performs ongoing credit evaluations of its customers’ financial condition and generally requires no collateral.

For the ~~three~~six months ended ~~March~~June 3130, 2024, ~~two~~three customers accounted for more than 10% of the Company’s total revenues.

Customer	Net sales for the ~~three~~six months ~~endedMarch~~ended 31June 30, 2024		% ~~ofTotal~~of Total			Accounts receivable balance as of ~~March~~June 3130, 2024		% of Total
A	$	4746,~~447~~773		8863	%	$	4652,~~727~~651		9179	%
B	$	114,~~908~~519		420	%	$	-1,616		-2	%
C	$	412,~~769~~535		917	%	$	412,~~697~~323		919	%

For the three months ended March 31, 2023, one

customer

accounted for more than 10% of the Company’s total revenues.

Customer	Net sales for the three months endedMarch 31, 2023		% ofTotal			Accounts receivable balance as of March 31,2023		% of Total
A	$	5,978		3	%	$	82,506		63	%
B	$	150,957		88	%	$	10,330		8	%

Suppliers

: The Company’s inventory is purchased from various suppliers.

F-12

For the ~~three~~six months ended ~~March~~June 3130, ~~2024~~2023, one ~~supplier~~customer accounted for more than 10% of the Company’s total ~~net purchase:~~revenues.

Supplier	Netpurchase for thethree months endedMarch 31, 2024		% of Total			Accounts payable balance as of March 31, 2024		% of Total
Customer	Net sales for the six months ended June 30, 2023		% of Total			Accounts receivable balance as of June 30, 2023		% of Total
A	$	205,~~670~~950		~~100~~2	%	$	-		-
B	$	233,478		92	%	$	35,384		27	%

Suppliers: The Company’s inventory is purchased from various suppliers

~~For the three months ended March 31, 2023, one supplier accounted for more than 10% of the Company’s total net purchase:~~.

Supplier		Net purchase for thethree monthsendedMarch 31, 2023				% of Total				Accounts payable balance asof March 31,2023				% of Total
A		$	126,999				100	%		$	38,946				100	%

For the six months ended June 30, 2024, one supplier accounted for more than 10% of the Company’s total net purchase:

Supplier		Net purchase for the six months ended June 30, 2024				% of Total				Accounts payable balance as of June 30, 2024				% of Total
A		$	20,377				100	%		$	-				-

For the six months ended June 30, 2023, one supplier accounted for more than 10% of the Company’s total net purchase:

Supplier		Net purchase for the six months ended June 30, 2023				% of Total				Accounts payable balance as of June 30, 2023				% of Total
A		$	126,398				100	%		$	-				-

Recent Accounting Pronouncements

In June 2016, the FASB issued ASU 2016-13, “Financial Instruments - Credit Losses (Topic 326) - Measurement of Credit Losses on Financial Instruments.” This pronouncement, along with subsequent ASUs issued to clarify provisions of ASU 2016-13, changes the impairment model for most financial assets and will require the use of an “expected loss” model for instruments measured at amortized cost. Under this model, entities will be required to estimate the lifetime expected credit loss on such instruments and record an allowance to offset the amortized cost basis of the financial asset, resulting in a net presentation of the amount expected to be collected on the financial asset. In developing the estimate for lifetime expected credit loss, entities must incorporate historical experience, current conditions, and reasonable and supportable forecasts. This pronouncement is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2019. On November 19, 2019, the FASB issued ASU No. 2019-10, Financial Instruments—Credit Losses (Topic 326), finalized various effective date delays for private companies, not-for-profit organizations, and certain smaller reporting companies applying the credit losses (CECL), the revised effective date was January 2023. The Company has adopted this accounting standard in the financial year 2023, this new accounting standard has no significant impact to the Company’s financial statements.

~~pronouncement, along with subsequent ASUs issued to clarify provisions of ASU 2016~~F-13~~, changes the impairment model for most financial assets and will require~~

~~the~~In ~~use~~December of2023, anthe ~~“expected~~FASB ~~loss”~~issued ~~model~~ASU ~~for~~No ~~instruments~~2023-09, ~~measured~~Income atTaxes ~~amortized~~(Topic ~~cost.~~740): ~~Under~~Improvements ~~this~~to ~~model,~~Income ~~entities~~Tax ~~will~~Disclosures” be(“ASU ~~required~~2023-09”). toASU ~~estimate the lifetime expected credit~~2023-09

~~loss~~expands ondisclosures ~~such~~in ~~instruments~~the ~~and~~rate ~~record~~reconciliation anand ~~allowance~~requires todisclosure ~~offset the amortized cost basis~~ of ~~the~~income ~~financial~~taxes ~~asset,~~paid ~~resulting~~by injurisdiction. aASU ~~net~~2023-09 ~~presentation~~is ofeffective ~~the~~for ~~amount~~fiscal ~~expected~~years tobeginning beafter

~~collected~~December on15, ~~the financial asset~~2024. InEarly ~~developing~~adoption ~~the~~is ~~estimate for lifetime expected credit loss, entities must incorporate historical experience, current conditions, and~~permitted.

~~reasonable~~Management ~~and~~does ~~supportable~~not ~~forecasts.~~believe ~~This~~that ~~pronouncement~~any isother ~~effective~~recently ~~for~~issued, ~~fiscal~~but ~~years~~not yet effective, ~~and~~accounting ~~for~~standards, ~~interim~~if ~~periods~~currently ~~within~~adopted, ~~those~~would ~~fiscal~~have ~~years,~~a ~~beginning~~material ~~after~~effect ~~December~~on our

~~15,~~condensed ~~2019.~~financial ~~On November 19, 2019, the FASB issued ASU No~~statements. ~~2019-10, Financial Instruments—Credit Losses (Topic 326), finalized various effective date delays for~~

private companies, not-for-profit organizations, and certain smaller reporting companies applying the credit losses (CECL). The Company has adopted this

accounting standard in the financial year 2023, this new accounting standard has no significant impact to the Company.

Management does not believe that any other recently issued, but not yet effective, accounting standards, if currently adopted, would have a material effect on our condensed financial statements.

Note 2. LEASE

As of ~~March~~June 3130, 2024, the Company has operating lease agreement for its ~~photocopier with remaining lease terms of~~

30new car with remaining lease term of 56 months,

photocopier with remaining lease terms of

months, and office lease with remaining lease terms of

months, respectively. The Company does not have any other leases. Leases with an initial term of 12 months or less are not recorded on the balance sheet. The Company accounts for the lease and non-lease components of its leases as a single lease component. Lease expense is recognized on a straight-line basis over the lease term.

Operating lease right-of-use assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. The discount rate used to calculate present value is incremental borrowing rate or, if available, the rate implicit in the lease. The Company determines the incremental borrowing rate for each lease based primarily on its lease term in Taiwan which is approximately 2.4443%.

~~Operating lease expenses were $~~.

~~8,774~~Operating lease expenses were

~~and~~ $~~16,479 for the three months ended March 31, 2024 and 202~~

317,867

, ~~respectively.~~and $18,976

~~F-13~~for the six months ended June 30,

~~The~~2024 ~~components of lease expense~~ and ~~supplemental~~2023, ~~cash flow information related to leases for the three months ended are as follows:~~respectively.

Lease Cost	March 31,2024			March 31,2023
Operating lease cost (included in general and administrative expenses in the Company’s statement of operations)	$	716			9,535
Other Information
Right-of-use assets obtained in exchange for new operating leases liabilities		-			72,865
Cash paid for amounts included in the measurement of lease liabilities		-			-
Weighted average remaining lease term – operating leases (in years)		1.70			2.75
Average discount rate – operating lease		2.44	%		2.44	%

The components of lease expense and supplemental cash flow information related to leases

for the six months ended are as

~~The supplemental balance sheet information related to leases for the period is as follows:~~fo

llows:

	March 31,2024			December 31, 2023
Lease Cost	June 30, 2024			June 30, 2023
Operating leases
Operating lease cost (included in general and administrative expenses in the Company’s statement of operations)	$	5,393			18,976
Right-of-use assets, net	$	3,393		$	4,192
Other Information
Operating lease liabilities	$	3,393		$	4,192
Right-of-use assets obtained in exchange for new operating leases liabilities		72,251			-
Cash paid for amounts included in the measurement of lease liabilities		-			-
Weighted average remaining lease term – operating leases (in years)		4.55			2.50
Average discount rate – operating lease		2.43	%		2.44	%

The supplemental balance sheet informa
tion related to leases for the period is as follows: 

	June 30, 2024		December 31, 2023
Operating leases
Right-of-use assets, net	$	71,456	$	4,192

Operating lease lia bili ties	$	71,456	$	4,192

The future minimum lease payment schedule as follows:

For the years ending March 31,
For the years ending June 30,
2024 (nine months remaining)	2,136
2024 (six months remaining)	9,213
2025	~~770~~16,363
2026	~~577~~16,174
2027 and after	33,812
Total lease payment	75,562
Less: Interest	(4,106	)
Total	71,456

Total lease payments	3,483
Less: Interest	(90	)
Total	3,393

F-14

NOTE 3 – GOING CONCERN

The financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates continuity of operations, realization of assets, and liquidation of liabilities in the n

al course of business.

As reflected in the financial statements, the Company had net losses for the three months ended March 31, 2024, and had negative working capital and accumulated deficit as of March 31, 2024. These factors raise substantial doubt about the Company’s ability to continue as a going concern.

for the six months ended June 30, 2024, and had negative working capital and accumulated deficit as of June 30, 2024. These factors raise substantial doubt about the Company’s ability to continue as a going concern.

The Company’s cash position may not be sufficient to support the Company’s daily operations. Management has financed its operating costs with loans from director and officers. The Company intends to generate sufficient revenue and raise additional funds to support its operations, however there can be no assurances to that effect. The ability of the Company to continue as a going concern is dependent upon the Company’s ability to further generate sufficient revenue and its ability to raise additional funds.

The financial statements do not include any adjustments related to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

F-14

Note 4. SECURITY DEPOSITS

On November 21, 2019, the Company and Shuang Hua International Culture Media Co, Ltd. (“Shuang Hua”), a corporation formed under laws of Taiwan, entered into an exclusive copyright and distribution agreement (the “Agreement”), pursuant to which, subject to the terms and condition therein, Shuang Hua granted the Company an exclusive right to produce, market, distribute and sell the bilingual films and electronic books of wh

the copyrights are owned by Shuang Hua. In accordance to the agreement, the Company shall pay Shuang Hua a refundable deposit of in the aggregate amount of $2,894,000, before December 31, 2021.

The ~~$2,894,000,~~full deposit amounts have been provided for doubtful debt.

before December 31, 2021.

Note 5. ACCOUNTS RECEIVABLE

	March 31,2024			December 31, 2023
	June 30, 2024			December 31, 2023
Accounts Receivable	$	~~235~~662,~~247~~945		$	~~549~~1,~~130~~018,005
Less: Provision for impairment loss of accounts receivable	$	(183,823	)	$	(324,540	)
Less: Provision for doubtful debts		(596,355	)		(793,415	)
	$	5166,~~424~~590		$	224,590

The credit terms granted by the Company to its customers 90 days from the date of billing.

The movement on the Provision ~~for impairment loss of accounts receivable as follow~~

for doubtful debts

as follow

：

	Provision for impairment loss of accounts receivable
	Provision for doubtful debts
Balance at December 31, 2022	$	~~475~~944,~~340~~215
Provision for the year		-
Reversal of provision for doubtful debts recognised as other income		(148,452	)
Bad debt recovery recognised as other income		(148,452	)
Adjusting exchange differences		(2,348	)
Adjusting Exchange differences		(2,348	)
Balance at December 31, 2023	$	793,415
Balance at December 31, 2023	$	324,540
Reversal of provision for doubtful debts recognised as other income		(183,683	)
Provision for the period		-
Adjusting exchange differences		(13,377	)
Bad debt recovery recognised as other income		(129,364	)
Balance at June 30, 2024	$	596,355
Adjusting Exchange differences		(11,353	)
Balance at March 31, 2024	$	183,823

We recognized significant allowance for credit losses due to the economic impact of the COVID-19 pandemic. The allowance for credit losses as of December 31, 2022, was $475,340, reflecting our estimate of potential losses based on historical experience, current economic conditions, and an assessment of specific customer credit risk. In FY2023, with relaxation of COVID-19 restrictions, management undertook significant efforts to recover previously recognised credit losses, as a result, management recove

reprovision for doubtful debts

4due to the economic impact of the COVID-19 pandemic. The

noprovision for doubtful debts

~~Note~~as 6.of ~~ADVANCES~~December TO31, ~~SUPPLIERS~~202

The Company has advanced payments to suppliers for purchasing goods for sale. The amounts of advances vary from order to order; ranging from 30% to 100%. As of March 31, 2024, and December 31, 2023, there were $164,098 and $161,179 advance outstanding, respectively.

F-15

Note

HER PAYABLE AND ACCRUED EXPENSES

The supplemental balance sheet information related to Other Payable and Accrued Expenses for the years are as follows:

	March 31,2024		December 31,2022
Accrued selling, general and administrative expenses	$	64,078	$	166,541
Payable to a third party from debt conversation		142,562		142,562
	$	206,640	$	309,103

Related parties of the Company during the three months ended March 31, 2024 and 202

, ~~consist~~was $793,415, reflecting our estimate of potential losses based on historical experience, current economic conditions, and an assessment of specific customer credit risk. In the ~~following:~~

first and the

second

quarter of 2024, with the relaxation of COVID-19 restrictions, management undertook significant efforts to recover previously recognised credit losses, as a result,

management recovered $183,683 of provision for doubtful debts for the period ended June 30, 2024. Addi

tio

nally, management collected $1,181 of the net accounts receivable subsequent to the period ended June 30, 2024 to the date of this report.

F-15

Note 6. ADVANCES TO SUPPLIERS

The Company has advanced payments to suppliers for purchasing goods for sale. The amounts of advances vary from order to order; ranging from 30% to 100%. As of June 30, 2024, and December 31, 2023, there were $171,243 and $161,179 advance outstanding, respectively.

Note 7. OTHER PAYABLE AND ACCRUED EXPENSES

The supplemental balance sheet information related to other payable and accrued expenses for the years are as follows:

	June 30, 2024		December 31, 202 3
Accrued selling, general and administrative e xp enses	$	80,746	$	166,541
Payable to a third party from debt conversion		142,562		142,562
	$	223,308	$	309,103

Note 8. RELATED PARTY TRANSACTIONS

Related parties of the Company during the 

ix months ended June 30, 2024 and 2023 consist of the following:

Name of Related Party		Nature of Relationship
Yu Cheng Yang		Majority Shareholder, Director and Officer of the Company
Co-Innovation Group Limited		Company under control of Yu Cheng Yang

Due to shareholders

The Company has advanced funds from its directors and shareholders Yu Cheng Yang for working capital purposes. As of ~~March~~June 3130, 2024 and December 31, 2023, there were $846,~~513~~612 and $74,065 advance outstanding, respectively. The Company has agreed that the outstanding balances bear 0% interest rate and are due upon demand after thirty days of written notice by the director and shareholder.

Mr. Yang advanced $~~145~~206,~~440~~935 to the Company as working capital, and the Company repaid $~~183,004 to Mr. Yang for the three months ended March 31, 2024.~~

195,915

~~Mr.~~ ~~Yang advanced $155,370~~ to ~~the Company as working capital, and the Company repaid $41,343 to~~ Mr. Yang ~~for the three months ended March 31, 2023.~~

9for the six months ended June 30, 2024.

Mr. Yang advanced $290,075

to the Company as working capital, and the Company repaid $51,831 to Mr. Yang for the six months ended June 30, 2023 .

Note 9. TERM LOAN

Loan from First Commercial Bank

On September 30, 2020, TWD 3,000,000 (approximately $107,750) term loan was granted to the Company for working capital with repayment period of 60 months. The term loan is subject to an interest charge at 1% per annum for the first

9 months of the term loan; interest charges on the term loan from 10

to 60

is 3.5% per annum.

6On September 30, 2020, TWD 2,000,000 (approximately $71,833) term loan was granted to the Company for employee salary with repayment period of 36 months. The term loan is subject to an interest charge at 1.5% per annum for the first

9 months of the term loan; interest charges on the term loan from 10th to 36th is 1.845% per annum

Loan from Bank of Taiwan

On May 7, 2021, TWD 4,000,000 (approximately $143,666) term loan was granted to the Company for employee salary with repayment period of 60 months. The term loan is subject to an interest charge at 1% per annum for the first

8 months of the term loan; interest charges on the term loan from 9

to 60

is 1.9% per annum.

On May 7, 2021, TWD 1,000,000 (approximately $35,917) term loan was granted to the Company for employee salary with repayment period of 60 months. The term loan is subject to an interest charge at 1.5% per annum for the first

8 months of the term loan; interest charges on the term loan from 9

to 60

is 2% per annum.

As of March 31, 2024, the outstanding balance of the term loan is $100,852, of which $49,876 is due within one year and classified as short term, and $50,976 is due after one year, and has classified as long term, respectively.

F-16

As of June 30, 2024, the outstanding balance of the term loan is $86,833, of which $49,887

is due within one year and classified as short term, and $36,946 is due after one year, and has classified as long term, respectively.

As of December 31, 2023, the outstanding balance of the term loan is $118,375, of which $53,165 is due within one year and classified as short term, and $65,210 is due after one year, and has classified as long term.

Interest expenses were $1,594 and

~~798~~$2,666

~~and $1,383~~ for the ~~three~~six months ended ~~March~~June 3130, 2024 and ~~202~~2023, respectively.

3Note 10. STOCKHOLDERS’ EQUITY

, respectively.

Preferred Stock

On July 8, 2021, the board of directors of the Company amended its stock designation and the Company is authorized to issue 5,000,000 shares of Series A Preferred Stock with par value $0.001. Each stock is entitled to 1,000 votes of common stock without dividend rights.

As of ~~March~~June 3130, 2024, the Company has 1,500,000 shares of Series A Preferred Stock issued and outstanding.

Common Stock

On May 19, 2022, the Company issued 3,601,306 shares of restricted common stock to non-employees, the amount is recorded as deferred (unearned) compensation of $38,534, due to the service has not been started.

On May 19, 2022, the Company issued 115,000 shares of restricted common stock to non-employees as compensation in the amount of $1,231.

~~ptember~~On September 7, 2023, the Company issued 21,000,000 shares of freely tradable common stock to various non-employee Consultants inconsideration of the services to be rendered to the Company. The services have all been rendered as of September 30, 2023, and therefore do not need to be deferred. The Management have decided to not elect the definition of fair value as per ASC 718, Compensation - Stock Compensation as it believes it is not a fair representation of the value of the Company's stocks. Therefore, the fair value of the stock is determined based on the fundamental value of the Company and is recorded as stock based compensation. The amount recorded as stock based compensation is $41,019.

beOn ~~rendered~~December to5, 2023, the Company. ~~The~~issued ~~services~~345,000,000 ~~have~~shares ~~all~~of ~~been~~Common ~~rendered~~Stock asat offair ~~September~~value ~~30,~~$0.00122 ~~2023,~~per ~~and~~share ~~therefore~~to doCo-Innovation ~~not~~Group ~~need~~Limited to beconvert ~~deferred~~outstanding debt owed to Mr. ~~The~~Yu-Cheng ~~Management~~YANG ~~have~~in ~~decided~~the amount of $420,900.

toOn ~~not~~December ~~elect~~18, 2023, the ~~definition~~Company issued 55,000,000 shares of Common Stock at fair value as$0.00122 per ~~ASC~~share ~~718,~~to ~~Compensation~~ non-employees ~~Stock~~to ~~Compensation~~convert asoutstanding itdebt ~~believes~~owed itto isMr. ~~not~~Yu-Cheng aYANG ~~fair~~in ~~representation of~~ the ~~value~~amount of ~~the~~$67,100.

~~Company's~~As ~~stocks.~~of ~~Therefore~~June 30, ~~the~~2024, ~~fair value of~~ the ~~stock~~Company ishas ~~determined~~604,781,560 ~~based~~shares ~~on the fundamental value~~ of ~~the~~Common ~~Company~~Stock issued and ~~is recorded as stock based compensation~~outstanding.

The amount recorded as stock based compensation is $41,019.

On December 5, 2023, the Company issued 345,000,000 shares of Common Stock at fair value $0.00122 per share to Co-Innovation Group Limited to convert

outstanding debt owed to Mr. Yu-Cheng YANG in the amount of $420,900.

On December 18, 2023, the Company issued 55,000,000 shares of Common Stock at fair value $0.00122 per share to non-employees to convert outstanding debt

owed to Mr. Yu-Cheng YANG in the amount of $67,100.

As of March 31, 2024, the Company has 604,781,560 shares of Common Stock issued and outstanding.

Warrants

On February 3, 2022, the Company granted the issuance of warrants to purchase 200,000 shares of the Company’s common stock at an exercise price of $2 per share with an expiration date of December 22, 2027 to a consultant or its designees as compensation. The warrants were fully vested upon issuance.

A summary of warrant activities as follows:

	Number of Shares		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)
Warrants outstanding at December 31, 2023		200,000	$	2.00		3.98
Granted		-		-		-
Exercised		-		-		-
Expired		-		-		-
Warrants outstanding at March 31, 2024		200,000	$	2.00		3.73
Warrants outstanding at June 30, 2024		200,000	$	2.00		3.48
Warrants exercisable at March 31, 2024		200,000	$	2.00		3.73
Warrants exercisable at June 30, 2024		200,000	$	2.00		3.48

F-17

Note 11. STOCK BASED COMPENSATION

Freely Tradable Common Stock 

On September 7, 2023, the Company issued 21,000,000 shares common stock to various non-employee consultants as compensation for services rendered. As these services were fully provided by September 30, 2023, deferral of share based compensation is not necessary. In accordance with ASC 718, Compensation – Stock Compensation, the fair value of the issued stock was determined using Level 3 Inputs.

~~services~~The ~~were~~decision ~~fully~~to ~~provided~~use Level 3 Inputs was driven by ~~September~~management's ~~30,~~assessment ~~2023~~that Level 1 Inputs, ~~deferral~~namely ofthe ~~share~~Company’s ~~based~~stock ~~compensation~~price ison the OTC Pink market, do not ~~necessary~~accurately represent the realizable value for consultants upon liquidation of their shares in this market. InAdditionally, ~~accordance~~Level ~~with~~2 ~~ASC~~Inputs, ~~718~~which include prices of similarly situated companies on the OTC Pink market, ~~Compensation~~were –also ~~Stock~~deemed unsuitable. This decision was based on the unique circumstances surrounding the Company.

~~Compensation~~Consequently, management elected to use Level 3 Inputs, employing a discounted cash flow model, to more accurately estimate the fair value of the ~~issued~~Company's stock ~~was~~granted ~~determined~~to ~~using~~the ~~Level~~consultants. 3This ~~Inputs~~resulted in recording the stock-based compensation at an amount of $41,019. This approach reflects a comprehensive assessment of the stock’s fair value, considering the specific context and market conditions relevant to the Company.

The decision to use Level 3 Inputs was driven by management's assessment that Level 1 Inputs, namely the Company’s stock price on the OTC Pink market, do not

accurately represent the realizable value for consultants upon liquidation of their shares in this market. Additionally, Level 2 Inputs, which include prices of similarly

situated companies on the OTC Pink market, were also deemed unsuitable. This decision was based on the unique circumstances surrounding the Company.

Consequently, management elected to use Level 3 Inputs, employing a discounted cash flow model, to more accurately estimate the fair value of the Company's

stock granted to the consultants. This resulted in recording the stock-based compensation at an amount of $41,019. This approach reflects a comprehensive

assessment of the stock’s fair value, considering the specific context and market conditions relevant to the Company.

Restricted Stock

On May 19, 2022, the Company issued 115,000 shares of restricted common stock to non-employees as compensation in the amount of $1,231. The shares were fully vested upon issuance as there were no other conditions required for the shares to vest. The fair value of the shares was determined based on a contemporaneous valuation report.

Warrants

In accordance to ASC 815-40, an equity-linked financial instrument can be classified in equity only if it (1) is indexed to the reporting entity’s own stock and (2) meets all other conditions for equity classification. The warrants are classified as equity instruments because a fixed amount of cash is exchanged for a fixed amount of equity.

The fair value of the warrants was determined using the Black-Scholes option pricing model which requires the input of subjective assumptions, the expected life of the warrants, and the expected stock price volatility. The assumptions used in calculating the fair value of stock-based awards represent management’s best estimates and involve inherent uncertainties and the application of management’s judgment. As a result, if factors change and management uses different assumptions, stock-based compensation expense could be materially different for future awards.

The assumptions used to determine the fair value of the Warrants as follows:

	Years EndedDecember 31,
	Years Ended December 31,
	2023			2022
Expected life (years)		3.89			4.89
Risk-free interest rate		0.76	%		0.76	%
Expected volatility		329.86	%		329.86	%
Dividend yield		0	%		0	%

F-18

The expected life of the warrants was estimated using the “simplified method,” as the Company has no historical information to develop reasonable expectations about future exercise patterns for its warrant grants. The simplified method is based on the average of the vesting tranches and the contractual life of each grant. The expected life of awards that vest immediately use the contractual maturity since they are vested when issued.

For stock price volatility, the Company calculated its expected volatility based on historical closing price of its common stock, par value $0.001 per share. The risk-free interest rate is based on U.S. Treasury notes with a term approximating the expected life of the warrant at the grant-date.

Stock based compensation were $nil and $nil ~~for the three months ended March 31, 2024 and 202~~

3for the six months ended June 30, 2024 and 2023, respectively.

,Note ~~respectively~~12. INCOME TAXES

The Company has operations in various countries and is subject to tax in the jurisdictions in which they operate, as follows:

United States

EOS, Inc. is incorporated in the United States of America and is subject to United States federal taxation at tax rate of 21%. No provisions for income taxes have been made as the Company has no taxable income for the period. As of ~~March~~June 3130, 2024, the Company had net operating loss carry forwards of $1,440,236

that may be available to reduce future years’ taxable income. Future tax benefits which may arise as a result of these losses have not been recognized in these financial statements as their realization is determined not likely to occur and, accordingly, the Company has recorded a valuation allowance for the deferred tax asset relating to these tax loss carry-forwards. No tax benefit has been realized since a 100% valuation allowance has offset deferred tax asset resulting from the net operating losses.

F-18
British Virgin Islands 

EOS International Inc. is incorporated in British Virgin Islands and are not required to pay income tax.

Taiwan

The subsidiary of EOS Inc. and Emperor Star is incorporated in Taiwan. According to the amendments to the “Taiwan Income Tax Act” enacted by the office of the President of Taiwan on February 7, 2018, statutory income tax rate increased from 17% to 20% and undistributed earning ~~tax decreased from 10% to 5%, effective from January 1, 2018.~~

tax decreased from 10% to 5%, effective from January 1, 2018.

People’s Republic of China (“PRC”)

Under the Enterprise Income Tax (“EIT”) Law of the PRC, the standard EIT rate is 25%. The PRC subsidiary of the Company is subject to PRC income taxes on an entity basis on income arising in or derived from the tax jurisdiction in which they operate. No provision for income taxes have been made as Maosong had no taxable income as of and ~~for the three months ended March 31, 2024.~~

for the six months ended June 30, 2024.

Provision for income tax consists of the following:

	Three months ended March 31,
	Six Months Ended June 30,
	2024			2023
Current income tax (benefit)
U.S.	$	-		$	-
Taiwan		-			-
PRC		-			-
Sub total		-			-
Deferred income tax
Deferred tax assets for NOL carry-forwards		940,~~267~~757			2653,~~028~~144
Valuation allowance		(940,~~267~~757	)		(2653,~~028~~144	)
Other adjustments		-			-
Net changes in deferred income tax (benefit)		-			-
Total income tax provision	$	-		$	-

F-19

The net loss before income taxes and its provision for income taxes as follows:

`	Three months ended March 31,
	Six Months Ended June 30,
	2024			2023
Net loss before income tax		(43194,~~208~~082	)		(~~130~~295,~~137~~245	)
Statutory tax rate		21	%		2018	%
Income tax provision		(940,~~267~~757	)		(2653,~~028~~144	)
Valuation allowance		940,~~267~~757			2653,~~028~~144
Income tax expenses, net		-			-

Significant components of the Company’s deferred taxes assets as follows:

Deferred tax assets:	~~March~~June 3130, 2024			December 31, 2023
Net operating loss carry-forwards		940,~~267~~757			129,243
Less: Valuation allowance		(940,~~267~~757	)		(129,243	)
Deferred tax assets, net		-			-

~~F-19~~Note 13. COMMITMENTS AND CONTINGENCIES

Sales Collaboration Agreement

On June 1, 2020 ("the contract date"), the Company and Fortune King entered into a sales collaboration agreement (the “Sales Collaboration Agreement”), pursuant to which, Fortune King agreed to a fee of $1,500,000 to provide promotion and marketing services for the Company’s products for a period of six years from January 2020 to December 2025 (“Service Period”). Fortune King is obligated to perform such service regardless of whether the Company sells products to Fortune King during the designated period. Both parties agreed that the fee would be paid in 3,000,000 of the company's common stocks ("consideration stock"), and the contract day would be the grant date of the consideration stocks.

According to ~~which~~the Supplementary Agreement signed on August 12, 2020, Fortune King ~~agreed~~entrusted the Company to aassist ~~fee~~in the transfer of $1the 3,~~500~~000,000 toEOS’s ~~provide~~stocks ~~promotion~~(“old ~~and~~shareholders ~~marketing~~stocks”) ~~services~~to ~~for~~167 ~~the~~business ~~Company’s~~promoters. ~~products~~The ~~for~~old ashareholders ~~period~~stocks ofwere ~~six~~from ~~years~~11 ~~from~~independent ~~January~~shareholders.

~~2020~~The toCompany ~~December~~further ~~2025~~signed ~~(“Service~~the ~~Period”)~~Agreement for Share Transfer and Repayment with the 11 shareholders individually. ~~Fortune~~The ~~King~~Company isrecognized ~~obligated~~the tomarketing ~~perform~~expenses ~~such~~quarterly ~~service~~with ~~regardless~~$62,500 per quarter till the end of ~~whether~~the Service Period and agreed to repay them in cash or other methods agreed upon by both the Company ~~sells~~and ~~products~~the toold ~~Fortune~~shareholders ~~King~~for the equivalent value at $0.5 per share. The repayments will be made upon demand from each Shareholder throughout the Service Period.

~~during~~As such the ~~designated~~Company ~~period.~~recognized ~~Both~~these ~~parties~~marketing ~~agreed~~expenses ~~that~~quarterly and other current liabilities to the ~~fee~~11 ~~would~~shareholders. beAs ~~paid~~of inJune 330,~~000~~ 2024 and December 31,~~000~~ of2023, the ~~company's~~other ~~common~~current ~~stocks~~liabilities ~~("consideration~~were ~~stock")~~$1,125,000 and ~~the~~$1,000,000 ~~contract~~respectively.

~~day~~As ~~would~~of beJune ~~the~~30, ~~grant~~2024 ~~date~~and ofDecember ~~the~~31, ~~consideration stocks.~~2023

~~According to the Supplementary Agreement signed on August 12~~, ~~2020, Fortune King entrusted the Company to assist in the transfer of the 3,000,000 EOS’s~~

the outstanding service commitment of Fortune King to the Company is $

~~stocks (“old shareholders stocks”) to 167 business promoters. The old shareholders stocks were from 11 independent shareholders.~~375,000

and $500,000 respectively.

~~The~~Note ~~Company further signed the Agreement for Share Transfer and Repayment with the 11 shareholders individually. The Company recognized the marketing~~1

expenses quarterly with $62,500 per quarter till the end of the Service Period and agreed to repay them in cash or other methods agreed upon by both the Company

and the old shareholders for the equivalent value at $0.5 per share. The repayments will be made upon demand from each Shareholder throughout the Service Period.

and $

1,000,000 respectively.

As of

March

31, 202

. isSUBSEQUENT $EVENTS

~~437~~Management has evaluated subsequent events through the date which the financial statements are available to be issued. All subsequent events requiring recognition as of June 30,~~500~~ 2024 have been incorporated into these consolidated financial statements except for the following that require disclosure in accordance with FASB ASC Topic 855,

Subsequent Events

~~and $500,000 respectively~~.

2Stock Split

~~Management~~On ~~has~~July ~~evaluated~~16, ~~subsequent~~2024, ~~events through~~ the ~~date~~Board ~~which the financial statements are available to be issued. All subsequent events requiring recognition as~~ of ~~March~~Directors 31, 2024 have been incorporated into these consolidated financial statements and there are no other subsequent events that require disclosure in accordance with FASB ASC Topic 855, “Subsequent Events.”of

the Company

with the approval of its board of directors and a majority of its shareholders approved to file Articles of Amendment with the Secretary of State of Nevada. As a result of the Articles of Amendment, the Company has (i) authorized and approved a reverse stock split of One for One Hundred (

1:100

) of

the

total issued and outstanding shares of common stock (the "Stock Split"). The Stock Split will decrease the Company’s total issued and outstanding shares of common stock from 604,781,560 to 6,047,816 shares of common stock. The common stock will continue to be $0.001 par value. The Stock Split shares are payable upon surrender of certificates to the Company's transfer agent. Fractional shares will be rounded upward. The Articles of Amendment will specify that the effective date of the Stock Split with the Nevada Secretary of

State will be permitted or determined, subject to approval by the Financial Industry Regulatory Authority (“FINRA”).

F-20

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

The following discussion and analysis of the results of operations and financial condition of EOS Inc. and its subsidiary(“EOS” or the “Company”) as of ~~March~~June 3130, 2024 ~~for the three months ended March 31, 2024 and 202~~

3for the six months ended June 30, 2024 and 2023 should be read in conjunction with our unaudited financial statements and the notes to those unaudited financial statements that are included elsewhere in this Quarterly Report on Form 10-Q. References in this Management’s Discussion and Analysis of Financial Condition and Results of Operations to “us”, “we”, “our” and similar terms refer to EOS. This Quarterly Report contains forward-looking statements as that term is defined in the federal securities laws. The events described in forward-looking statements contained in this Quarterly Report may not occur. Generally, these statements relate to business plans or strategies, projected or anticipated benefits or other consequences of our plans or strategies, projected or anticipated benefits from acquisitions to be made by us, or projections involving anticipated revenues, earnings or other aspects of our operating results. The words “may,” “will,” “expect,” “believe,” “anticipate,” “project,” “plan,” “intend,” “estimate,” and “continue,” and their opposites and similar expressions, are intended to identify forward-looking statements. We caution you that these statements are not guarantees of future performance or events and are subject to a number of uncertainties, risks and other influences, many of which are beyond our control, which may influence the accuracy of the statements and the projections upon which the statements are based.

should be read in conjunction with our unaudited financial statements and the notes to those unaudited financial statements that are included elsewhere in this Quarterly Report on Form 10-Q. References in this Management’s Discussion and Analysis of Financial Condition and Results of Operations to “us”, “we”, “our” and similar terms refer to EOS. This Quarterly Report contains forward-looking statements as that term is defined in the federal securities laws. The events described in forward-looking statements contained in this Quarterly Report may not occur. Generally, these statements relate to business plans or strategies, projected or anticipated benefits or other consequences of our plans or strategies, projected or anticipated benefits from acquisitions to be made by us, or projections involving anticipated revenues, earnings or other aspects of our operating results. The words “may,” “will,” “expect,” “believe,” “anticipate,” “project,” “plan,” “intend,” “estimate,” and “continue,” and their opposites and similar expressions, are intended to identify forward-looking statements. We caution you that these statements are not guarantees of future performance or events and are subject to a number of uncertainties, risks and other influences, many of which are beyond our control, which may influence the accuracy of the statements and the projections upon which the statements are based.

Our actual results, performance and achievements could differ materially from those expressed or implied in these forward-looking statements. Except as required by federal securities laws, we undertake no obligation to publicly update or revise any forward-looking statements, whether from new information, future events or otherwise.

U.S. Dollars are denoted herein by “USD,” “$” and “dollars”.

Overview

Emperor Star International Trade Co., Ltd., (“Emperor Star”), was incorporated on November 16, 2015 under the laws of Taiwan. Emperor Star is in the business of marketing and distribution of various products, including nutrition supplements, skin care products, and water purifiers.

Results of Operation

The following presents the consolidated result of the Company for the three months ended ~~March~~June 3130, 2024 ~~compared to the three months ended March 31, 2023.~~

compared to the three months ended June 30, 2023.

Net sales

Net sales were $5419,124 for three months ended March 31, 2024, representing a decrease of $116,955 or 68%, as compared to $171,079 for the three months ended March 31, 2023. The decrease was primarily due to the consumer demand for the products falling and the company phased out some old products such as automobile carbon reduction machines.703

for three months ended June 30, 2024, representing a decrease of $62,723 or

%, as compared to $82,426 for the three months ended June 30, 2023. The decrease was primarily due to the consumer demand for the products falling.

Cost of sales

Cost of sales was $5014,~~506~~899 for the three months ended June 30, 2024, representing a decrease of $13,631 or

~~for the three months ended March 31, 2024, representing a decrease of $7,667 or 1~~47

%, as compared to $28,530 for the three months ended June 30, 2023.

Gross profit

Gross profit was $4,804

for the three months ended June 30, 2024, compared to $53,896 for the same period in 202

%,. Gross profit as ~~compared~~a topercentage $of net sales was

~~58,173~~24

.4% for the three months ~~ended March 31, 2023.~~

ended June 30, 2024, compared to 65.4% in the same period in 202

3. The reduction in gross profit was mainly due to the Company's clean-up sale with low selling prices to certain old inventories.

Selling, general and administrative expenses

Selling, general and administrative expenses consist primarily of office rent, salary and related costs for personnel and facilities, and professional service fees. Selling, general and administrative

expenses were $212,877 for the three months ended June 30, 2024, representing a

crease of $5,660 or 2.6%, as compared to $218,537 for the three months ended June 30, 2023.

It is mainly attributed to less

professional service fees

be recorded during the period.

oss

from operations

Loss from operations was $208,073 for the three months ended June 30, 2024

compared to loss from operations of $164,641 for the three months ended June 30, 2023, representing an increase

of $43,432

26.4

The enlarged in loss from operations

was primarily due to the reduction in sales and selling with a lower price for

certain old inventories.

Other income (expense)

There was other income of $57,199 for the three months ended June 30, 2024, a turnaround from other expense of $467 for the three months June 30, 2023. I

was mainly due to that the management undertook significant efforts to recover previously recognised credit losses, as a result, management recovered $

319

of provision for doubtful debts for the period ended June 30, 2024.

Net loss

As a result of the above factors, our net loss was $150,874

for the three months ended June 30, 2024, as compared to net loss of $165,108 for the three months ended June 30, 2023, representing

crease in loss of $14,234 or

The following presents the consolidated result of the Company for the six months ended June 30, 2024 compared to the

ix months ended June 30, 2023.

Net sales

Net sales were $73,827

for

ix months ended June 30, 2024, representing a decrease of $179,678 or

70.9

%, as compared to $253,505 for the six months ended June 30, 2023. The decrease was primarily due to the consumer demand for the products falling.

Cost of sales

Cost of sales was $65,405

for the six months ended June 30, 2024, representing a decrease of $21,298

24.6

%, as compared to $8

for the six months ended June 30, 2023.

Gross profit

Gross profit was $3,618 for the three months ended March 31, 2024, with a gross profit margin ratio of 7% compared to gross profit of $112,906 with a gross profit margin ratio of 66% for the same period in 2023. The reduction in gross profit mainly due to the Company a clean-up sale with low selling prices to certain old inventories.

422

for the six months ended June 30, 2024, with a gross profit margin ratio of

11.4

% compared to gross profit of $1

802

with a gross profit margin ratio of 6

5.8

% for the same period in 2023. The reduction in gross profit was mainly due to the Company's clean-up sale with low selling prices to certain old inventories.

Selling, general and administrative expenses

05for the six months ended June 30, 2024, representing a decrease of $

,642

for the three months ended March 31, 2024, representing a

crease of $

~~682~~342

159.2

%, as compared to $~~242,326 for the three months ended March 31, 2023.~~

~~The decrease was mainly due to lesser lease expenses due to the termination of its car in November 2023.~~460

for the six months ended June 30, 2023. The decrease was mainly

due less legal and professional fee be recorded for the period.

Loss

from operations

Loss from operations was $~~202~~410,~~026~~099 for the ~~three~~six months ended ~~March~~June 3130, 2024, compared to loss from operations of $~~129~~294,420 for the three months ended March 31, 2023, representing an increase of $72,606 or 56%. Such increase was primarily due to the reduction in sales and selling with a lower price for certain old inventories. 061

for the six months ended June 30, 2023, representing an increase of $

116

038

39.5

%. Such increase was primarily due to the reduction in sales and selling with a lower price for certain old inventories.

Other income

(expense)

There was other income of $~~158~~216,818 for the three months ended March 31, 2024, a turnaround from other expense of $717 for the three months March 31, 2023. It was mainly due to that we recognized significant allowance for credit losses due to the economic impact of the COVID-19 pandemic. The allowance for credit losses as of December 31, 2022, was $475,340, reflecting our estimate of potential losses based on historical experience, current economic conditions, and an assessment of specific customer credit risk. In FY2023, with relaxation of COVID-19 restrictions, management undertook significant efforts to recover previously recognised credit losses, as a result, management recovered $148,452 of bad debts during 2023 and $129,364 in first quarter of 2024.017

for the six months ended June 30, 2024, a

turnaround

from other

expense

f $

1,184

for the

six

months June 30, 2023. It was mainly due to that

the

management undertook significant efforts to recover previously recognised credit losses, as a result, management recovered $183,683 of provision for doubtful debts for the period ended June 30, 2024.

Net loss

As a result of the above factors,92 our net loss was $194,082

9for the six months ended June 30, 2024, as compared to net loss of $295,245

for the six months ended June 30, 2023, representing a decrease in loss of $10

163

6734.3

Liquidity and Capital Resources

Cash and cash equivalents were $6410,~~506~~703 on ~~March~~June 3130, 2024 and $14,307 at December 31, 2023. Our total current assets were $~~330~~290,~~644 on March 31, 2024, as compared to $487,319 on December 31, 2023. Our total current liabilities were~~ 828

on June 30, 2024, as compared to $487,319 on December 31, 2023. Our total current liabilities were $1,~~373~~503,~~599~~478 on ~~March~~June 3130, 2024, as compared to $1,494,230 at December 31, 2023.

onWe ~~December~~had ~~31,~~a ~~2023.~~working ~~The~~capital deficit

enlarge

in working capital deficit was primarily

due to a reduction in sales and a reduction in accounts receivable

et cash

used in

operating activities

981,212,650 on June 30, 2024, compared to the working capital deficit of $1,006,911 on December 31, 2023. The enlarge in working capital deficit was primarily due to a reduction in sales and a reduction in accounts receivable.

Net cash provided by operating activities was $35,800 during the

18ix ~~for the three~~ months ended ~~March~~June 3130, ~~2023.~~2024, as compared to net cash used in operating activities $191,718

for the six months ended June 30, 2023. The turnaround was mainly due to more accounts receivable were settled in cash the period.

NNo investing activities

ofor the six months ended June 30, 2024, as compared to net cash used in investing activities of $1,09

1 ~~investing activities~~

for the six months ended June 30, 2023.

~~the three months ended March 31, 2024, as compared to~~ 5

et cash used in investing activities

of $1,096

for the three months ended March 31, 2023.

Net cash

used in financing activities was $20,522

~~financing~~during ~~activities~~the ~~was $~~

55s

ix months ended June 30,0 2024, as compared to net cash

87provided by financing activities $201,698 for the six months ended June 30, 2023. The turnaround was mainly due to repayment to related party payable.

As ~~during~~a ~~the~~result ~~three~~of ~~months~~the ~~ended~~above ~~March 31~~factors, ~~2024,~~net ~~as compared to~~

et cash

provided by

financing activities $

for the three months ended March 31, 2023. The

turnaround

was

mainly

due to

repayment to r

elated party payable.

As a result of the above factors, net increase of cash and cash equivalents were $

,19

for the three months ended March 31, 2024, as compared to net

crease of ~~$3,139~~cash ~~for~~and ~~the~~cash ~~three~~equivalents ~~months~~were ~~ended March 31, 2023.~~$

604

for the six months ended June 30, 2024, as compared to net

crease of $

431

for the six months ended June 30, 2023.

Critical Accounting Policies

Principles of Consolidation

Use of Estimates

Cash and Cash Equivalents

Cash and cash equivalents include cash and all highly liquid instruments with original maturities of three months or less.

Accounts Receivable

Accounts receivable are stated at carrying value less estimates made for doubtful receivables. An allowance for impairment of trade receivables is established if the collection of a receivable becomes doubtful. Such receivable becomes doubtful when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables. Significant financial difficulties of the debtor, probability that the debtor will enter into bankruptcy or financial reorganization, and default or delinquency in payments are considered indicators that the receivable is impaired. The amount of the allowance is the difference between the asset’s carrying amount and the present value of estimated future cash flows, discounted at the original effective interest rate. An impairment loss is recognized in the statement of income, as are subsequent recoveries of previous impairments.

Inventory

Property and Equipment

4168

and $

~~192~~408

for the ~~three~~six months ended ~~March~~June 3130, 2024 and ~~202~~2023, respectively.

, respectively.

Impairment of Long-Lived Assets

3for the six months ended June 30, 2024 and 2023, respectively.

, respectively.

Revenue Recognition

Trade discount and allowances: The Company generally does not provide invoice discounts on product sales to its customers for prompt payment.

Product returns: The Company generally does not provide customers with the right to return a product for a full or partial refund, a credit, or an exchange for another product.

To date, product allowance and returns have been minimal and, based on its experience, the Company believes that returns of its products will continue to be minimal.

Since COVID-19 pandemic hit globally in 2020 and throughout first three quarters of financial year ended December 31, 2021, management assessed that the market conditions that it operated in was worsening. Credit risk on customers was determined to have deteriorated significantly as the majority of its customers were located in the PRC. Accordingly, management took the position that revenue would only be recognized when the consideration is received as to satisfy revenue recognition criteria related to reasonable certainty of collections.

During the fourth quarter of financial year ended December 31, 2021, the Covid pandemic was effectively controlled in the PRC. Management re-assessed the market conditions and determined that the overall market conditions were improving, and the Company’s collection history in the prior three quarters was positive, and in fourth quarter of 2021 reached sustainable recovery rate comparable to pre-COVID-19 environment. Accordingly, management decided that due to the improved conditions collection is now reasonably certain, and revenue is now recognized when risk and rewards are transferred to its customers.

The following tables provide details of revenue by major products and by geography.

Revenue by Major Products

For the three months ended March 31, 2024:
For the six months ended June 30, 2024:
Nutrition supplement	$	5473,~~124~~827
Total	$	5473,~~124~~827
For the six months ended June 30, 2023:
Nutrition supplement	$	247,084
Software		5,950
Other		471
Total	$	253,505

For the three months ended March 31, 2023:
Nutrition supplement	$	164,628
Software		5,978
Others		473
Total	$	171,079

Revenue by Geography

Revenue from external customers

The Company’s customers are mainly located in Taiwan and Hong Kong.

For the s ix months ended June 30, 2024:
Taiwan	$	14,519
Hong Kong		59,308
Total	$	73,827

For the three months ended March 31, 2024:
For the six months ended June 30, 2023:
Hong Kong	$	52,216
Taiwan	$	235,246
Taiwan		1,908
Hong Kong		18,259
Total	$	54253,~~124~~505

For the three months ended March 31, 2023:
Hong Kong	$	18,346
Taiwan		152,733
Total	$	171,079

Leases

Advertising Costs

Advertising costs are expensed at the time such advertising commences. Advertising expenses were $nil and $~~nil for three months ended March 31, 2024 and 202~~

3114

, ~~respectively.~~for

ix months ended June 30, 2024 and 2023, respectively.

Stock-Based Compensation

Post-retirement and Post-employment Benefits

~~and $1,175 for three months ended March 31, 2024 and 202~~s

3ix months ended June 30, 2024 and 2023, respectively. Other than the above, the Company does not provide any other post-retirement or post-employment benefits.

, respectively. Other than the above, the Company does not provide any other post-retirement or post-employment benefits.

Fair Value Measurements

The carrying values of certain assets and liabilities of the Company, such as cash and cash equivalents, accounts receivable, inventory, advance to suppliers, prepaid expenses, accounts payable, accrued expenses, and due to shareholders, approximate fair value because of to their relatively short maturities.

Earnings (Loss) Per Share

For the ~~three months ended March 31, 2024 and 202~~

ix months ended June 30, 2024 and 2023, warrants were excluded as dilutive shares as the Company incurred a net loss.

Income Taxes

Foreign-currency Transactions

Translation Adjustment

The accounts of the Company’s subsidiaries were maintained, and their financial statements were expressed in New Taiwan Dollar (“NTD”) and Chinese Yuan, or Renminbi (“RMB”). Such financial statements were translated into U.S. Dollars (“$” or “USD”) in accordance ASC 830, “Foreign Currency Matters”, with the NTD and RMB as the functional currency. According to the Statement, all assets and liabilities are translated at the current exchange rate, common stock and additional paid-in capital are translated at the historical rates, and income statement items are translated at an average exchange rate for the period. The resulting translation adjustments are reported under accumulated other comprehensive income (loss) as a component of stockholders’ equity.

Comprehensive Income (loss)

Concentration of Credit Risk

Cash and cash equivalents

: The Company’s financial instruments that are exposed to concentrations of credit risk consist primarily of cash and cash equivalents. The Company places its cash and temporary cash investments in high quality credit institutions in Taiwan, but these investments may be in excess of the insurance limits of Taiwan Central Deposit Insurance Corporation (the “TCDIC”) NT$ 3 million. The Company does not enter into financial instruments for hedging, trading or speculative purposes. Concentration of credit risk with respect to trade and notes receivables is limited due to the wide variety of customers and markets in which the Company transacts business, as well as their dispersion across many geographical areas. As of March 31, 2024, the Company had approximately $nil in excess of TCDIC insured limits. The Company has not experienced any losses in such accounts.

Customers

: The Company performs ongoing credit evaluations of its customers’ financial condition and generally requires no collateral.

For the ~~three months ended March 31, 2024,~~

two

customer

ix ~~accounted~~months ~~for~~ended ~~more~~June ~~than~~30, ~~10%~~2024, ~~of the Company’s total revenues.~~t

Customer	Net sales for the threemonths endedMarch 31, 2024		% of Total			Accounts receivable balance as of March 31, 2024		% of Total
A	$	47,447		88	%	$	46,727		91	%
B		1,908		4	%		-		-
C	$	4,769		9	%	$	4,697		9	%

hree

customers accounted for more than 10% of the Company’s total revenues.

For the three months ended March 31, 2023, one customer accounted for more than 10% of the Company’s total revenues.

Customer	Net sales for the six months ended June 30, 2024		% of Total			Accounts receivable balance as of June 30, 2024		% of Total
A	$	46,773		63	%	$	52,651		7 9	%
B	$	1 4 , 519		20	%	$	1,616		2	%
C	$	12 , 535		17	%	$	12 , 32 3		19	%

Customer	Net salesfor the threemonths endedMarch 31, 2023		% of Total			Accounts receivable balance as of March 31, 2023		% of Total
A	$	5,978		3	%	$	82,506		63	%
B	$	150,957		88	%		10,330		8	%

For the

~~Suppliers~~s

:ix ~~The~~months ~~Company’s~~ended ~~inventory~~June is30, ~~purchased~~2023, ~~from~~one ~~various~~customer ~~suppliers.~~accounted for more than 10% of the Company’s total revenues.

For the three months ended March 31, 2024, one supplier accounted for more than 10% of the Company’s total net purchase:

Customer	Net sales for the si x months ended June 30, 2023		% of Total			Accounts receivable balance as of June 30, 2023		% of Total
A	$	5,9 50		2	%	$	-		-
B	$	233 , 478		92	%	$	35 ,3 84		27	%

Supplier		Net purchase for the threemonths endedMarch 31, 2024				% of Total				Accountspayablebalance as of March 31, 2024				% of Total
A		$	20,670				100	%		$	-				-

For the

~~For the three months ended March 31, 2023, one supplier accounted for more than 10% of the Company’~~s ~~total net purchase:~~

Supplier		Net purchase for the threemonths endedMarch 31, 2023				% of Total				Accountspayablebalance as of March 31, 2023				% of Total
A		$	126,999				100	%		$	38,946				100	%

ix months ended June 30, 2024, one supplier accounted for more than 10% of the Company’s total net purchase:

Supplier		Net purchase for the six months ended June 30, 2024				% of Total				Accounts payable balance as of June 30, 2024				% of Total
A		$	20, 3 7 7				100	%		$	-				-

For the 

ix months ended June 30, 2023, one supplier accounted for more than 10% of the Company’s total net purchase: 

Supplier		Net purchase for the six months ended June 30, 2023				% of Total				Accounts payable balance as of June 30, 2023				% of Total
A		$	126, 3 9 8				100	%		$	-				-

Recent Accounting Pronouncements

In June 2016, the FASB issued ASU 2016-13, “Financial Instruments - Credit Losses (Topic 326) - Measurement of Credit Losses on Financial Instruments.” This pronouncement, along with subsequent ASUs issued to clarify provisions of ASU 2016-13, changes the impairment model for most financial assets and will require the use of an “expected loss” model for instruments measured at amortized cost. Under this model, entities will be required to estimate the lifetime expected credit loss on such instruments and record an allowance to offset the amortized cost basis of the financial asset, resulting in a net presentation of the amount expected to be collected on the financial asset. In developing the estimate for lifetime expected credit loss, entities must incorporate historical experience, current conditions, and reasonable and supportable forecasts. This pronouncement is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2019. On November 19, 2019, the FASB issued ASU No. 2019-10, Financial Instruments—Credit Losses (Topic 326), finalized various effective date delays for private companies, not-for-profit organizations, and certain smaller reporting companies applying the credit losses (CECL), the revised effective date iswas January 2023. The Company has adopted this accounting standard in the financial year 2023, this new accounting standard has no significant impact to the Company’s financial statements.

In December 2023, the FASB issued ASU No 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures” (“ASU 2023-09”). ASU 2023-09 expands disclosures in the rate reconciliation and requires disclosure of income taxes paid by jurisdiction. ASU 2023-09 is effective for fiscal years beginning after December 15, 2024. Early adoption is permitted.

Management does not believe that any other recently issued, but not yet effective, accounting standards, if currently adopted, would have a material effect on our condensed financial statements.

Item 3. Quantitative and Qualitative Disclosures about Market Risk.

As a smaller reporting company, we are not required to provide this information.

Item 4. Controls and Procedures.

Evaluation of Disclosure Controls and Procedures

We maintain disclosure controls and procedures designed to provide reasonable assurance that material information required to be disclosed by us in the reports we file or submit under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms, and that the information is accumulated and communicated to our management, including our Chief Executive Officer and interim Chief Financial Officer, as appropriate to allow timely decisions regarding required disclosure. We performed an evaluation, under the supervision and with the participation of our management, including our Chief Executive Officer and Chief Financial Officer, of the effectiveness of the design and operation of our disclosure controls and procedures as of the end of the period covered by this report. During our assessment of the effectiveness of internal control over financial reporting as of ~~March~~June 3130, 2024, management identified material weaknesses related to (i) our internal audit functions (ii) inadequate levels of review of the financial statements, (iii) a lack of segregation of duties within accounting functions and (iv) the absence of any independent directors. Therefore, our internal controls over financial reporting were not effective as of ~~March~~June 3130, 2024.

We do not expect that our disclosure controls and procedures will prevent all errors and all instances of fraud. Disclosure controls and procedures, no matter how well conceived and operated, can provide only reasonable, not absolute, assurance that the objectives of the disclosure controls and procedures are met. Further, the design of disclosure controls and procedures must reflect the fact that there are resource constraints, and the benefits must be considered relative to their costs. Because of the inherent limitations in all disclosure controls and procedures, no evaluation of disclosure controls and procedures can provide absolute assurance that we have detected all our control deficiencies and instances of fraud, if any. The design of disclosure controls and procedures is also based partly on certain assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions.

Material Weaknesses and Corrective Actions

Changes in Internal Control Over Financial Reporting

There have been no changes in our internal controls over financial reporting that occurred during our last fiscal quarter to which this Quarterly Report on Form 10-Q relates that have materially affected, or are reasonably likely to materially affect our internal controls over financial reporting.

PART II - OTHER INFORMATION

Item 1. Legal Proceedings.

We are not currently involved in any litigation that we believe could have a material adverse effect on our financial condition or results of operations. There is no action, suit, or proceeding by any court, public board, government agency, self-regulatory organization or body pending or, to the knowledge of the executive officers of our Company or our subsidiary, threatened against or affecting our Company, our common stock, our subsidiary or of our companies or our subsidiary’s officers or directors in their capacities as such, in which an adverse decision could have a material adverse effect.

Item 1A. Risk Factors.

As a smaller reporting company, we are not required to provide this information.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.

None.

Item 3. Defaults Upon Senior Securities.

None.

Item 4. Mine Safety Disclosures.

Not applicable.

Item 5. Other Information.

There is no other information required to be disclosed under this item which has not been previously disclosed.

ITEM 6. EXHIBITS

The following exhibits are filed herewith:

Exhibit No.		Description
31.1		Certification of Chief Executive ~~and Financial~~ Officer ~~pursuant~~Pursuant to ~~Rule~~Section ~~13a-14(a)~~302 ~~under~~of the ~~Securities~~Sarbanes-Oxley ~~Exchange~~ Act of ~~1934.~~2002
32.1		Certification of Chief Executive and Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
31.2		Certification of Chief Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
32.1		Certification of Chief Executive Officer Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
32.2		Certification of Chief Financial Officer Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
101.INS		XBRL Instance Document
101.SCH		XBRL Taxonomy Extension Schema Document
101.CAL		XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF		XBRL Taxonomy Extension Definition Linkbase Document
101.LAB		XBRL Taxonomy Extension Label Linkbase Document
101.PRE		XBRL Taxonomy Extension Presentation Linkbase Document
104		Cover Page Interactive Data File - the cover page from the Registrant’s Quarterly Report on Form 10-Q for the quarter ended ~~March~~June 3130, 2024, is formatted in Inline XBRL.

1314

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.

	EOS Inc.
Date: May 20, 2024	By:	/s/ He-Siang Yang
Date: August 19, 2024	By:	/s/ He-Siang Yang
		He-Siang Yang
		Principal Executive Officer,Principal Financial Officer,President and Chairman of the Board
		President and Chairman of the Board (Principal Executive Officer)


Date: August 19, 2024	By:	/s/ Zongjiang He
		Zongjiang He
		Acting CFO and Treasurer ( Principal Financial Officer )

Filing Compare · EOS INC.