UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

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

For the quarterly period ended ~~MARCH~~SEPTEMBER 3130, 2025

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

Commission file number: 000-55809

ELECTRONIC SERVITOR PUBLICATION NETWORK INC.

(Exact name of registrant as specified in its charter)

Delaware		82-1873116
(State or Other Jurisdiction of Incorporation or Organization)		(I.R.S. Employer Identification No.)

107 CHESTNUT ST., STE. 100 STILLWATER, MN		55082-5542
(Address of Principal Executive Offices)		(Zip Code)

Registrant’s telephone number, including area code: (833) 991-0800

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

Yes ¨ No x

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

Yes ¨ No x

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

Large accelerated filer	¨	Accelerated filer	¨

Non-accelerated filer	x	Smaller Reporting Company	x

Emerging growth company	¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(1) of the Exchange Act. ¨

Indicate by checkmark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ¨ No x

Securities registered pursuant to Section 12(b) of the Act: None

As of June 1723, 2026, the Company had 53,528,001 shares of its common stock, par value $.0001 per share, issued and outstanding.

TABLE OF CONTENTS

PART I
Item 1.	Condensed Unaudited Financial Statements	3
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	16
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	18
Item 4.	Controls and Procedures	18
PART II
Item 1.	Legal Proceedings	1920
Item 1A.	Risk Factors	1920
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	1920
Item 3.	Defaults Upon Senior Securities	1920
Item 4.	Mining Safety Disclosures	1920
Item 5.	Other Information	1920
Item 6.	Exhibits	1920
	Signatures	2021

PART I – FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

ELECTRONIC SERVITOR PUBLICATION NETWORK, INC.

INDEX TO FINANCIAL STATEMENTS

Condensed Balance Sheets as of March 31, 2025 (Unaudited) and December 31, 2024 (Audited)	4
Balance Sheets as of September 30, 2025 (Unaudited) and December 31, 2024 (Audited)	4
Condensed Statements of Operations for the Three Months ended March 31, 2025 and 2024 (Unaudited)	5
Statements of Operations for the Three and Nine Months ended September 30, 2025 and 2024 (Unaudited)	5
Condensed Statements of Changes in Stockholders’ Deficit for the Three Months ended March 31, 2025 and 2024 (Unaudited)	5
Statements of Changes in Stockholders’ Deficit for the Three and Nine Months ended September 30, 2025 and 2024 (Unaudited)	6
Statements of Cash Flows for the Three Months ended March 31, 2025 and 2024 (Unaudited)	6
Statements of Cash Flows for the Nine Months ended September 30, 2025 and 2024 (Unaudited)	7
Notes to Financial Statements (Unaudited)	78

ELECTRONIC SERVITOR PUBLICATION NETWORK, INC.

CONDENSED BALANCE SHEETS

	March 31, 2025			December 31, 2024
	September 30, 2025			December 31, 2024
		(Unaudited)			(Audited)
ASSETS
Current assets:
Cash	$	5125,~~176~~476		$	54,557
Total assets	$	5125,~~176~~476		$	54,557
LIABILITIES AND STOCKHOLDERS’ DEFICIT
Current liabilities:
Accounts payable and accruals	$	97109,~~395~~897		$	91,144
Loans payable		229,630			229,630
Note payable		2,500,000			2,500,000
Due to a related party		26,700			26,700
Total current liabilities		2,~~853~~866,~~725~~227			2,847,474
Commitments and contingencies		–			–
Stockholders’ Deficit:
Preferred stock, $0.0001 par value 19,999,000 shares authorized; no shares issued and outstanding		–			–
Series A Preferred stock, $0.0001 par value 1,000 shares authorized; 1,000 shares issued and outstanding		–			–
Common Stock, $0.0001 par value, 100,000,000 shares authorized; 52,928,001 and 52,628,001 shares issued and outstanding, respectively.		5,293			5,263
Common Stock, $0.0001 par value, 100,000,000 shares authorized; 53,528,001 and 52,628,001 shares issued and outstanding, respectively.		5,353			5,263
Additional paid in capital		5,~~191~~513,~~836~~470			5,031,019
Accumulated deficit		(78,~~999~~359,~~678~~574	)		(7,829,199	)
Total Stockholders’ deficit		(2,802,549	)		(2,792,917	)
Total Stockholders’ Deficit		(2,840,751	)		(2,792,917	)
Total Liabilities and Stockholders’ Deficit	$	5125,~~176~~476		$	54,557

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

ELECTRONIC SERVITOR PUBLICATION NETWORK, INC.

CONDENSED STATEMENTS OF OPERATIONS

(Unaudited)

	For the Three Months Ended March 31,
	For the Three Months Ended September 30,						For the Nine Months Ended September 30,
	2025			2024			2025			2024
Revenue	$	–		$	~~50,000~~–		$	–		$	50,000
Operating expenses:
General and administrative		2429,~~031~~739			3021,~~970~~847			80,981			79,989
Professional fees		~~350~~10,750			~~46,000~~–			11,100			51,300
Stock based compensation		139,847			139,847			419,541			419,541
Total operating expenses		~~164~~180,~~228~~336			~~216~~161,~~817~~694			511,622			550,830
Loss from operations		(~~164~~180,~~228~~336	)		(~~166~~161,~~817~~694	)		(511,622	)		(500,830	)
Other expense:
Interest expense		(6,251	)		(6,251	)		(18,753	)		(18,753	)
Total other expense		(6,251	)		(6,251	)		(18,753	)		(18,753	)
Loss before provision for income taxes		(~~170~~186,~~479~~587	)		(~~173~~167,~~068~~945	)		(530,375	)		(519,583	)
Provision for income taxes		–			–			–			–
Net loss	$	(~~170~~186,~~479~~587	)	$	(~~173~~167,~~068~~945	)	$	(530,375	)	$	(519,583	)
Loss per share, basic and diluted	$	(0.00	)	$	(0.00	)	$	(0.01	)	$	(0.01	)
Weighted average shares outstanding, basic and diluted		5253,~~924~~323,~~668~~605			5152,~~728~~328,001			53,158,770			52,028,001

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

ELECTRONIC SERVITOR PUBLICATION NETWORK, INC.

CONDENSED STATEMENTS OF CHANGES IN STOCKHOLDERS’ DEFICIT

For the Three and Nine Months Ended ~~March 31~~September 30, 2025 and 2024

(Unaudited)

									Additional					Total
	Preferred Stock				Common Stock				Paid-in		Accumulated			Stockholders'
	Shares		Amount		Shares		Amount		Capital		Deficit			Deficit
Balance, December 31, 2024		1,000	$	–		52,628,001	$	5,263	$	5,031,019	$	(7,829,199	)	$	(2,792,917	)
Stock option expense		–		–		–		–		139,847		–			139,847
Shares issued for services		–		–		300,000		30		20,970		–			21,000
Net loss		–		–		–		–		–		(170,479	)		(170,479	)
Balance, March 31, 2025		1,000	$	–		52,928,001	$	5,293	$	5,191,836	$	(7,999,678	)	$	(2,802,549	)
Stock option expense		–		–		–		–		139,847		–			139,847
Shares issued for services		–		–		300,000		30		20,970		–			21,000
Net loss		–		–		–		–		–		(173,309	)		(173,309	)
Balance, June 30, 2025		1,000		–		53,228,001		5,323		5,352,653		(8,172,987	)		(2,815,011	)
Stock option expense		–		–		–		–		139,847		–			139,847
Shares issued for services		–		–		300,000		30		20,970		–			21,000
Net loss		–		–		–		–		–		(186,587	)		(186,587	)
Balance, September 30, 2025		1,000	$	–		53,528,001	$	5,353	$	5,513,470	$	(8,359,574	)	$	(2,840,751	)

									Additional					Total
	Preferred Stock				Common Stock				Paid-in		Accumulated			Stockholders'
	Shares		Amount		Shares		Amount		Capital		Deficit			Deficit
Balance, December 31, 2023		1,000	$	–		51,428,001	$	5,143	$	4,387,751	$	(7,194,683	)	$	(2,801,789	)
Stock option expense		–		–		–		–		139,847		–			139,847
Shares issued for services		–		–		300,000		30		20,970		–			21,000
Net loss		–		–		–		–		–		(173,068	)		(173,068	)
Balance, March 31, 2024		1,000	$	–		51,728,001	$	5,173	$	4,548,568	$	(7,367,751	)	$	(2,814,010	)
Stock option expense		–		–		–		–		139,847		–			139,847
Shares issued for services		–		–		300,000		30		20,970		–			21,000
Net loss		–		–		–		–		–		(178,570	)		(178,570	)
Balance, June 30, 2024		1,000		–		52,028,001		5,203		4,709,385		(7,546,321	)		(2,831,733	)
Stock option expense		–		–		–		–		139,847		–			139,847
Shares issued for services		–		–		300,000		30		20,970		–			21,000
Net loss		–		–		–		–		–		(167,945	)		(167,945	)
Balance, September 30, 2024		1,000	$	–		52,328,001	$	5,233	$	4,870,202	$	(7,714,266	)	$	(2,838,831	)

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

ELECTRONIC SERVITOR PUBLICATION NETWORK, INC.

CONDENSED STATEMENTS OF CASH FLOWS

(Unaudited)

	For the Three Months Ended March 31,
	For the Nine Months Ended September 30,
	2025			2024
Cash flows from operating activities:
Net loss	$	(~~170~~530,~~479~~375	)	$	(~~173~~519,~~068~~583	)
Adjustments to reconcile net loss to net cash used by operating activities:
Stock based compensation		~~139~~419,~~847~~541			~~139~~419,~~847~~541
Common stock issued for services		2163,000			2163,000
Changes in Operating Assets and Liabilities:
Prepaids		–			(2,500	)
Accounts payable and accruals		618,~~251~~753			618,~~251~~861
Net cash used by operating activities		(329,~~381~~081	)		(820,~~470~~681	)
Cash flows from Investing activities:		–			–
Cash flows from Financing activities:
Repayment of loans - related party		–			(87,~~000~~750	)
Net cash used by financing activities		–			(87,~~000~~750	)
Net change in cash		(329,~~381~~081	)		(1628,~~470~~431	)
Cash, beginning of period		54,557			28,431
Cash, end of period	$	5125,~~176~~476		$	~~11,961~~–
Cash Paid For:
Cash paid for interest	$	–		$	–
Cash paid for taxes	$	–		$	–

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

ELECTRONIC SERVITOR PUBLICATION NETWORK, INC.

NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

~~MARCH~~SEPTEMBER 3130, 2025

NOTE 1 – DESCRIPTION OF BUSINESS AND HISTORY

Description of business

The Company was originally incorporated on May 17, 2017, under the laws of the State of Delaware to engage in any lawful corporate undertaking, including, but not limited to, selected mergers and acquisitions. The Company’s common stock is listed on the OTC Expert Market under the stock ticker symbol “XESP.” The Company’s corporate office is located at 107 Chestnut St., Suite 100, Stillwater, MN 55082-5542. The URL of the Company’s website is https://www.electronicservitor.com.

The Company is a digital engagement company providing growth for B2B companies through its digital activation and engagement solutions for multiple verticals. The Company’s managed service product is powered by a sophisticated tech stack — the Digital Engagement Engine. The Company’s technology provides intelligent interaction management, dynamic content provisioning, and a logic-driven workflow that creates relevant digital experiences that accelerate an audience from awareness to action — driving growth for client companies.

On December 22, 2023, the Company entered into the following transactions:

	1)	An Asset Purchase Agreement (the “Asset Purchase Agreement”) with Phitech Management, LLC, a limited liability company organized under the laws of Minnesota (“Phitech”); and

	2)	An Agreement and Plan of Merger (the “Merger Agreement”) with Pointward Inc., a corporation organized under the laws of Delaware (“Pointward”).

Pursuant to the terms of the Asset Purchase Agreement, the Company has agreed to pay an aggregate purchase price of $2,500,000, plus the assumption of the assumed liabilities as defined in such Asset Purchase Agreement, for Phitech’s assets, including its proprietary technology; and, upon consummation of the transaction, the Company shall cancel 10,000,000 shares of the Company’s common stock held by Phitech, representing 100% of Phitech’s ownership of the Company, and such shares shall be returned to the Company’s treasury.

Pursuant to the terms of the Merger Agreement, the Company shall be the surviving corporation and all the outstanding capital stock of Pointward was converted into shares of the Company’s common stock. Accordingly, the Company issued 39,252,000 shares of the Company’s common stock to the former holders of Pointward and the former stockholders of Pointward (not including any ownership of the Company’s capital stock held by such persons prior to the Merger) hold approximately 72% of the outstanding shares of the Company’s capital stock.

As a result of the transactions described above, the Company is strategically aligning its business to support its mission in becoming the premier content management and distribution platform for content providers in the global markets through the Company’s continued development and acquisitions of publication and monetization products, services, and technologies.

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The Company’s unaudited condensed financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”), and pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) and reflect all adjustments, consisting of normal recurring adjustments, which management believes are necessary to fairly present the financial position, results of operations and cash flows of the Company as of and for the ~~three~~nine month period ended ~~March~~September 3130, 2025 and not necessarily indicative of the results to be expected for the full year ending December 31, 2025. These unaudited condensed financial statements should be read in conjunction with the financial statements and related notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024.

Use of Estimates

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

Concentrations of Credit Risk

The Company maintains its cash in bank deposit accounts, the balances of which at times may exceed federally insured limits. The Company continually monitors its banking relationships and consequently has not experienced any losses in its accounts. At times, such deposits may be in excess of the Federal Deposit Insurance Corporation insurable amount (“FDIC”).

Cash Equivalents

The Company considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents. There were no cash equivalents as of ~~March~~September 3130, 2025 and December 31, 2024.

Basic and Diluted Earnings Per Share

Under ASC 260 “Earnings Per Share,” the Company presents basic and diluted earnings (loss) per share (“EPS”) amounts on the face of the statements of operations. Basic EPS is computed by dividing income (loss) available to common stockholders (the numerator) by the weighted-average number of common shares outstanding (the denominator) during the period. Shares issued during the period and shares reacquired during the period are weighted for the portion of the period that they were outstanding. The computation of diluted EPS is similar to the computation of basic EPS except that the denominator is increased to include the number of additional common shares that would have been outstanding if the dilutive potential common shares had been issued. As of ~~March~~September 3130, 2025, there are ~~153~~112,~~503~~667 potentially dilutive shares from warrants and 1314,030,000 potentially dilutive shares from vested options. As of ~~March~~September 3130, 2024, there are 153,503 potentially dilutive shares from warrants and 710,~~755~~805,000 potentially dilutive shares from vested options. Additionally, diluted amounts are not presented when the effect of the computations is anti-dilutive due to the losses incurred. Accordingly, there is no difference in the amounts presented for basic and diluted loss per share.

Revenue Recognition

The Company recognizes revenue under ASC 606, “Revenue from Contracts with Customers” (“ASC 606”). The Company determines revenue recognition through the following steps:

	·	Identification of a contract with a customer;
	·	Identification of the performance obligations in the contract;
	·	Determination of the transaction price;
	·	Allocation of the transaction price to the performance obligations in the contract; and
	·	Recognition of revenue when or as the performance obligations are satisfied.

Revenue is recognized when control of the promised goods or services is transferred to customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services. As a practical expedient, the Company does not adjust the transaction price for the effects of a significant financing component if, at contract inception, the period between customer payment and the transfer of goods or services is expected to be one year or less.

Stock-based Compensation

In June 2018, the FASB issued ASU 2018-07, Compensation – Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting. ASU 2018-07 allows companies to account for nonemployee awards in the same manner as employee awards. The guidance is effective for fiscal years beginning after December 15, 2018, and interim periods within those annual periods. We adopted this ASU on January 1, 2019.

Fair value of financial instruments

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

Level 1:	Quoted market prices available in active markets for identical assets or liabilities as of the reporting date.

Level 2:	Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date.

Level 3:	Pricing inputs that are generally unobservable inputs and not corroborated by market data.

The carrying amount of the Company’s financial assets and liabilities, such as cash, accounts payable, accrued expenses and loans payable approximate their fair value because of the short maturity of those instruments. The Company had no financial instruments at ~~March~~September 3130, 2025 and December 31, 2024 that required fair value hierarchy disclosure.

Income Taxes

Income taxes are provided for the tax effects of the transactions reported in the financial statements and consist of taxes currently due plus deferred taxes related primarily to tax net operating loss carryforwards. The deferred tax assets and liabilities represent the future tax return consequences of these differences, which will either be taxable or deductible when assets and liabilities are recovered or settled, as well as operating loss carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. A valuation allowance is established against deferred tax assets when in the judgment of management, it is more likely than not that such deferred tax assets will not become available. Because the judgment about the level of future taxable income is dependent to a great extent on matters that may, at least in part, be beyond the Company’s control, it is at least reasonably possible that management’s judgment about the need for a valuation allowance for deferred taxes could change in the near term.

Tax benefits are recognized only for tax positions that are more likely than not to be sustained upon examination by tax authorities. The amount recognized is measured as the largest amount of benefit that is greater than 50 percent likely to be realized upon settlement. A liability for “unrecognized tax benefits” is recorded for any tax benefits claimed in the Company’s tax returns that do not meet these recognition and measurement standards. As of March 31, 2025 and December 31, 2024, no liability for unrecognized tax benefits was required to be reported.10

Tax benefits are recognized only for tax positions that are more likely than not to be sustained upon examination by tax authorities. The amount recognized is measured as the largest amount of benefit that is greater than 50 percent likely to be realized upon settlement. A liability for “unrecognized tax benefits” is recorded for any tax benefits claimed in the Company’s tax returns that do not meet these recognition and measurement standards. As of September 30, 2025 and December 31, 2024, no liability for unrecognized tax benefits was required to be reported.

Operating Segments

Operating segments are defined as components of an entity for which discrete financial information is available that is regularly reviewed by the Chief Operating Decision Maker (“CODM”), or decision maker group, in deciding how to allocate resources to an individual segment and in assessing performance. The Company’s CODM is its Chief Executive Officer. The Company has one operating segment as of ~~March~~September 3130, 2025.

Recently issued accounting pronouncements

The Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, in November 2023. This update enhances segment reporting disclosures to provide investors with more useful and transparent information about a company’s operating segments. Public companies must now disclose significant segment expenses that are regularly reviewed by the chief operating decision-maker (CODM). These expenses should be reported on an itemized basis, providing more insight into segment profitability. Companies must provide segment disclosures in both annual and interim reports. Required disclosures apply to all public entities under FASB’s segment reporting rules. Effective for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. The Company adopted this ASU, effective for the year ended December 31, 2024. The adoption had no impact on the Company’s financial statements.

In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which enhances the disclosure requirements for income taxes, including additional disaggregation of rate reconciliation and income taxes paid. The standard is effective for annual periods beginning after December 15, 2024.The Company adopted ASU 2023-09 effective for the year ended December 31, 2025, including interim periods within the year of adoption. The adoption had no impact on the Company’s financial statements.

The Company periodically reviews new accounting standards that are issued. Although some of these accounting standards may apply to the Company, the Company has not identified any new standards that it believes merit further discussion or change to adopted policies, and the Company expects that none will have a significant impact on its unaudited condensed financial statements.

NOTE 3 – GOING CONCERN

The accompanying unaudited condensed ~~financial~~ financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. As of ~~March~~September 3130, 2025, the Company had an accumulated deficit of $78,~~999~~359,~~678~~574, stockholders' deficit of $2,~~802~~840,~~549~~751, and incurred a net loss of $~~170~~530,~~479~~375 for the ~~three~~ nine months ended ~~March~~September 3130, 2025. In addition, the Company generated no ~~revenue~~ revenue during the ~~three~~nine months ended ~~March~~September 3130, 2025. These factors raise substantial doubt about the Company's ability to continue as a going concern within one year after the date that these unaudited condensed financial statements are issued.

The Company's continuation as a going concern is dependent upon its ability to generate sufficient revenues, obtain additional financing, and ultimately achieve profitable operations and positive cash flows. Management intends to fund operations through revenue growth, equity financings, and, if necessary, advances from officers, directors, or principal stockholders. However, there can be no assurance that the Company will be successful in generating sufficient revenues, obtaining additional capital, or achieving profitable operations. Management's plans may not be sufficient to alleviate substantial doubt.

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

NOTE 4 – NOTES PAYABLE

On May 19, 2022, the Company issued a note payable for $10,000 to a third party. The note matured one year from the date of issuance and bears interest at 6% per annum. As of ~~March~~September 3130, 2025 and December 31, 2024, there is $12,~~728~~030 and $576 of interest accrued on this note, respectively. This note is currently in default.

On May 20, 2022, the Company issued a note payable for $10,000 to a third party. The note matured one year from the date of issuance and bears interest at 6% per annum. As of ~~March~~September 3130, 2025 and December 31, 2024, there is $12,~~726~~028 and $575 of interest accrued on this note, respectively. This note is currently in default.

On June 10, 2022, the Company issued a note ~~payable~~ payable to a third party for $7,630. The note matured 6 months from the date of issuance and bears interest at 10% per annum. As of ~~March~~September 3130, 2025 and December 31, 2024, there is $2,~~151~~ 536 and $1,959 of interest accrued on this note, respectively. This note is currently in default.

On October 18, 2022, the Company issued a note payable for $25,000 to a third party. The note matured one year from the date of issuance and bears interest at 8% per annum. As of ~~March 31~~September 30, 2025 and December 31, 2024, there is $45,~~926~~934 and $4,422 of interest accrued on this note, respectively. This note is currently in default.

On January 6, 2023, the Company issued a note payable for $15,000 to a third party. The note matured on July 6, 2023, and bears interest at 8.5% per annum. As of ~~March~~September 3130, 2025 and December 31, 2024, there is $23,~~861~~504 and $2,540 of interest accrued on this note, respectively. This note is currently in default.

On March 13, 2023, the Company issued a note payable for $12,000 to a third party. The note matured on September 13, 2023, and bears interest at 8.5% per annum. As of ~~March~~September 3130, 2025 and December 31, 2024, there is $2,~~104~~618 and $1,847 of interest accrued on this note, respectively. This note is currently in default.

On May 11, 2023, the Company issued a note payable to a third party for $25,000. The note matured on May 11, 2024, and bears interest at 8% per annum. As of ~~March~~September 3130, 2025 and December 31, 2024, there is $34,~~803~~811 and $3,299 of interest accrued on this note, respectively. This note is currently in default.

On May 15, 2023, the Company issued a note payable for $25,000 to a third party. The note matured on May 15, 2024, and bears interest at 8% per annum. As of ~~March~~September 3130, 2025 and December 31, 2024, there is $34,~~781~~789 and $3,277 of interest accrued on this note, respectively. This note is currently in default.

On September 1, 2023, the Company issued a note payable to a third party for $25,000. The note matured on September 1, 2024, and bears interest at 8% per annum. As of ~~March~~September 3130, 2025 and December 31, 2024, there is $34,~~184~~192 and $2,679 of interest accrued on this note, respectively. This note is currently in default.

On September 6, 2023, the Company issued a note payable for $50,000 to a third party. The note matured on September 6, 2024, and bears interest at 8% per annum. As of ~~March~~September 3130, 2025 and December 31, 2024, there is $68,~~312~~329 and $5,304 of interest accrued on this note, respectively. This note is currently in default.

On September 15, 2023, the Company issued a note payable for $50,000 to a third party. The note matured on September 15, 2024, and bears interest at 8% per annum. As of ~~March~~September 3130, 2025 and December 31, 2024, there is $34,~~107~~115 and $2,603 of interest accrued on this note, respectively. This note is currently in default.

NOTE 5 – RELATED PARTY TRANSACTIONS

Forty 7 Select Holdings LLC (“Forty 7”) has advanced the Company funds, to pay for general operating expenses. Forty 7 is controlled by Greg Shockey, an existing shareholder of the Company. As of ~~March~~September 3130, 2025 and December 31, 2024, the balance due to Forty 7 is $15,000 and $15,000, respectively.

On January 10, 2023, the Company issued a note payable for $15,000 to Forty 7. The note matured on July 10, 2023, and bears interest at 8.5% per annum. As of ~~March~~September 3130, 2025 and December 31, 2024, there is $23,~~847~~490 and $2,526 of interest accrued on this note, respectively. This note is currently in default.

Refer to Note 7 for options to purchase shares of common stock issued to related parties.

NOTE 6 – PREFERRED STOCK

The Company has designated 1,000 shares of Series A Preferred Stock. The shares of Series A Preferred Stock have a par value of $0.0001 per share. The Series A Preferred Shares do not have a dividend rate or liquidation preference and are not convertible into shares of common stock. Series A Preferred Stock, voting together as a class, have the right to vote 60% of the Company’s voting shares on any and all shareholder matters (the “Majority Voting Rights”). Additionally, the Company shall not adopt any amendments to the Company’s Bylaws, Articles of Incorporation, as amended, make any changes to the Certificate of Designations establishing the Series A Preferred Stock, or effect any reclassification of the Series A Preferred Stock, without the affirmative vote of at least a majority of the outstanding shares of Series A Preferred Stock. However, the Company may, by any means authorized by law and without any vote of the holders of shares of Series A Preferred Stock, make technical, corrective, administrative or similar changes to such Certificate of Designations that do not, individually or in the aggregate, adversely affect the rights or preferences of the holders of shares of Series A Preferred Stock. Other than the Majority Voting Rights, the Series A Preferred Stock does not have any other dividend, liquidation, conversion, or redemption rights, whatsoever.

NOTE 7 – OPTIONS

A summary of the status of the Company’s outstanding stock options and changes during the year is presented below:

Schedule of options activity
	Number of Options			Weighted Average Exercise Price		Weighted Average Remaining Contract Term		Aggregate Intrinsic Value
Outstanding at December 31, 2023		21,330,000		$	0.08		9.74	$	–
Granted		–		$	–		–	$	–
Cancelled		(1,500,000	)	$	–		–	$	–
Exercised		–		$	–		–	$	–
Outstanding at December 31, 2024		19,830,000		$	0.08		–	$	–
Granted		–		$	–		–	$	–
Cancelled		–(1,600,000	)	$	–		–	$	–
Exercised		–		$	–		–	$	–
Outstanding at March 31, 2025		19,830,000		$	0.08		–	$	–
Outstanding at September 30, 2025		18,230,000		$	0.07		–	$	–
Exercisable at March 31, 2025		13,030,000		$	0.08		7.9	$	–
Exercisable at September 30, 2025		14,030,000		$	0.07		7.66	$	–

Schedule of stock options activity number of shares
Range of Exercise Prices	Number Outstanding 39/3130/2025	Weighted Average Remaining Contractual Life	Weighted Average Exercise Price
$0.06 – $0.39	1918,~~830~~230,000	7.941 years	$0.0807

NOTE 8 – WARRANTS

A summary of the status of the Company’s outstanding stock warrants and changes during the year is presented below:

Schedule of outstanding stock warrants and changes
	Number of Warrants			Weighted Average Exercise Price		Weighted Average Remaining Contract Term		Aggregate Intrinsic Value
Outstanding at December 31, 2023		153,503		$	0.25		5.67	$	–
Granted		–		$	–		–	$	–
Expired		–		$	–		–	$	–
Exercised		–		$	–		–	$	–
Outstanding at December 31, 2024		153,503		$	0.25		3.92	$	–
Granted		–		$	–		–	$	–
Expired		–(40,836	)	$	–		–	$	–
Exercised		–		$	–		–	$	–
Outstanding at March 31, 2025		153,503		$	0.25		3.67	$	–
Outstanding at September 30, 2025		112,667		$	0.25		3.67	$	–

NOTE 9 – INCOME TAX

The Company accounts for income taxes under ASC 740, Income Taxes. Deferred tax assets and liabilities are recognized for temporary differences between the financial reporting basis and tax basis of assets and liabilities and for net operating loss carryforwards. Deferred tax assets are reduced by a valuation allowance when management determines it is more likely than not that some or all of the deferred tax assets will not be realized.

For the ~~three~~nine months ended ~~March~~September 3130, 2025 and 2024, the Company incurred losses before income taxes of $~~170~~530,~~479~~375 and $~~173~~519,~~068~~583, respectively. No federal or state income tax provision or benefit was recorded for either period because management has determined that it is more likely than not that the Company's deferred tax assets will not be realized and, accordingly, a full valuation allowance has been maintained against such assets.

The effective income tax rate differs from the statutory federal income tax rate primarily due to the valuation allowance recorded against deferred tax assets.

Schedule of income tax reconciliation
	March 31, 2025			Rate			March 31, 2024			Rate
	September 30, 2025			Rate			September 30, 2024			Rate
Loss before income taxes	$	(~~170~~530,~~479~~375	)					(~~173~~519,~~068~~583	)
Expected federal tax benefit at 21%		35111,~~801~~379			21.0%		$	36109,~~344~~112			21.0%
State tax benefit, net of federal effect		1341,~~197~~051			7.74%			1340,~~397~~216			7.74%
Increase in valuation allowance		(48152,~~998~~430	)		(28.74%	)		(49149,~~741~~328	)		(28.74%	)
Income tax provision	$	–			0.0%		$	–			0.0%

At ~~March~~September 3130, 2025, the Company had estimated ~~federal~~ federal net operating loss carryforwards of approximately $3.8 million available to offset future taxable income. Utilization of these carryforwards may be limited under Section 382 of the Internal Revenue Code in the event of certain ownership changes.

The Company recognizes interest and ~~penalties~~ penalties related to uncertain tax positions as a component of income tax expense. As of ~~March~~September 3130, 2025 and December 31, 2024, the Company had no unrecognized tax benefits and had not accrued any interest or penalties related to uncertain tax positions. Tax years remain subject to examination by taxing authorities for all years since inception.

NOTE 10 – SUBSEQUENT EVENTS

In accordance with ASC 855-10, Subsequent Events, management has performed an evaluation of subsequent events through the date that the unaudited condensed financial statements were issued and has determined that there are no material subsequent events to disclose in these unaudited condensed financial statements.

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

The following information should be read in conjunction with our financial statements and related notes thereto included in Part I, Item 1, above.

Forward Looking Statements

Certain matters discussed herein are forward-looking statements. Such forward-looking statements contained in this Form 10-Q involve risks and uncertainties, including statements as to:

	·	our future strategic plans
	·	our future operating results;
	·	our business prospects;
	·	our contractual arrangements and relationships with third parties;
	·	the dependence of our future success on the general economy;
	·	our possible future financings; and
	·	the adequacy of our cash resources and working capital.

These forward-looking statements can generally be identified as such because the context of the statement will include words such as we “believe,” “anticipate,” “expect,” “estimate” or words of similar meaning. Similarly, statements that describe our future plans, objectives or goals are also forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties which are described in close proximity to such statements and which could cause actual results to differ materially from those anticipated. Shareholders, potential investors and other readers are urged to consider these factors in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements included herein are only made as of the date of this Form 10-Q, and we undertake no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.

Executive Overview

Electronic Servitor Publication Network Inc. was incorporated on May 17, 2017 under the laws of the State of Delaware to engage in any lawful corporate undertaking, including, but not limited to, selected mergers and acquisitions. The Company is a digital engagement company providing growth for B2B companies through its digital activation and engagement solutions for multiple verticals. The Company’s managed service product is powered by a sophisticated tech stack — the Digital Engagement Engine. The Company’s technology provides intelligent interaction management, dynamic content provisioning, and a logic-driven workflow that creates relevant digital experiences that accelerate an audience from awareness to action — driving growth for client companies.

The Company’s corporate offices are located at 107 Chestnut Street East, Ste. 100, Stillwater, MN 55082-5524. The Company’s website is www.electronicservitor.com. The Company’s telephone number is (833) 991-0800.

The Company’s common stock is listed on the OTC Expert Market under the stock ticker symbol XESP.

The Company anticipates that it would need approximately $1,500,000 over the next 12 months to continue as a going concern, satisfy its capital commitments and continue its operations in accordance with its current business plan. In addition to revenues generated from sales, the Chief Executive Officer and several shareholders may fund the Company’s operations, if needed, during the next 12 months or until the Company can generate an ongoing source of capital sufficient to independently continue its operations.

For the period ended December 31, 2024, the Company’s independent auditors issued a report raising substantial doubt about the Company’s ability to continue as a going concern. The continuation of the Company as a going concern is dependent upon financial support from its principal stockholders, its ability to obtain necessary equity financing, or its ability to sell its services to generate consistent profitability.

Results of Operation for the Three Months Ended ~~March~~September 3130, 2025 and 2024

For the three months ended ~~March~~September 3130, 2025, ~~the~~ the Company had revenues of nil. In comparison, for the three months ended ~~March~~September 3130, 2024, the Company had revenues of ~~$50,000~~nil.

Operating expenses were $~~164~~180,~~228~~336 for the three months ended ~~March~~September 3130, 2025, consisting of $2429,~~031~~739 of general and administrative expense, $~~350~~10,750 offor professional fees, and $139,847 of non-cash stock-based compensation expense for the issuance of warrants. In comparison, for the three months ended ~~March~~September 3130, 2024, operating expenses were $~~216~~161,~~817~~694, consisting of $3021,~~970~~847 of general and administrative expense, ~~$46,000 of professional fees,~~ and $139,847 of non-cash stock-based ~~compensation~~ compensation expense for the issuance of warrants.

For the three months ended ~~March~~September 3130, 2025, ~~the~~ the Company posted a net loss of $~~170~~186,~~479~~587, compared to a net loss of $~~173~~167,~~068~~945 for three months ended ~~March~~September 3130, 2024.

~~During~~Results ~~the~~of ~~three~~Operation ~~months~~for ~~ended~~the ~~March~~Nine ~~31, 2025,~~Months ~~the~~Ended ~~Company~~September ~~used $3~~30,~~381~~ of2025 ~~cash~~and ~~in operating activities. The Company did not use or generate any cash in financing or investing activities.~~2024

For the nine months ended September 30, 2025, the Company had revenues of nil. In comparison, for the nine months ended September 30, 2024, the Company had revenues of $50,000.

Operating expenses were $511,622 for the nine months ended September 30, 2025, consisting of $80,981 of general and administrative expense, $11,100 of professional fees, and $419,541 of non-cash stock-based compensation expense for the issuance of warrants. In comparison, for the nine months ended September 30, 2024, operating expenses were $550,830, consisting of $79,989 of general and administrative expense, $51,300 of professional fees, and $419,541 of non-cash stock-based compensation expense for the issuance of warrants.

For the nine months ended September 30, 2025, the Company posted a net loss of $530,375, compared to a net loss of $519,583 for the nine months ended September 30, 2024.

During the nine months ended September 30, 2025, the Company used $29,081 of cash in operating activities. The Company did not use or generate any cash in financing or investing activities.

Liquidity and Capital Resources

The accompanying unaudited condensed financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company generated no revenues ~~of nil~~ during the ~~three~~nine months ended ~~March~~September 3130, 2025 and had a net loss of $~~170~~530,~~479~~375 for the ~~three~~nine months ended ~~March~~September 3130, 2025. The Company has an accumulated deficit of $78,~~999~~359,~~678~~574 as of ~~March~~September 3130, 2025. ~~The~~ The Company requires capital for its contemplated operational and marketing activities. Obtaining additional financing, through an additional capital raise, the successful development of the Company’s contemplated plan of operations, and its transition to the attainment of continued profitable operations are necessary for the Company to continue operations.

The Company used $329,~~381~~081 of cash from operations for the ~~three~~nine months ended ~~March~~September 3130, 2025. ~~Net~~The ~~cash~~Company ~~used~~did innot ~~financing~~use ~~and~~or ~~operating~~generate ~~activities~~any ~~for~~cash ~~the~~in ~~three~~financing ~~months~~or ~~ended~~investing ~~March 31, 2025 was nil~~activities.

As of ~~March~~September 3130, 2025, the Company had $5125,~~176~~476 in cash.

Critical Accounting Estimates and Policies

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities of the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Note 2 to the Financial Statements describes the significant accounting policies and methods used in the preparation of the Financial Statements. Estimates are used for, but not limited to, contingencies and taxes. Actual results could differ materially from those estimates. The following critical accounting policies are impacted significantly by judgments, assumptions, and estimates used in the preparation of the Financial Statements.

We are subject to various loss contingencies arising in the ordinary course of business. We consider the likelihood of loss or impairment of an asset or the incurrence of a liability, as well as our ability to reasonably estimate the amount of loss in determining loss contingencies. An estimated loss contingency is accrued when management concludes that it is probable that an asset has been impaired, or a liability has been incurred and the amount of the loss can be reasonably estimated. We regularly evaluate current information available to us to determine whether such accruals should be adjusted.

Off-Balance Sheet Arrangements

We have not entered into any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources and would be considered material to investors.

Recent Accounting Pronouncements

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

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Not applicable to smaller reporting companies.

ITEM 4. CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures

We maintain disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) that are designed to be effective in providing reasonable assurance that information required to be disclosed in our reports under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the rules and forms of the Securities and Exchange Commission (the “SEC”), and that such information is accumulated and communicated to our management to allow timely decisions regarding required disclosure. Our Chief Executive Officer and Chief Financial Officer evaluated the effectiveness of our disclosure controls and procedures as of the end of the period covered by this report. Based on that evaluation, they concluded that our disclosure controls and procedures were not effective for the quarterly period ended ~~March~~September 3130, 2025.

The following aspects of the Company were noted as potential material weaknesses:

	·	timely and accurate reconciliation of accounts
	·	lack of segregation of duties

In designing and evaluating disclosure controls and procedures, management recognizes that any controls and procedures, no matter how well designed and operated, can provide only reasonable, not absolute assurance of achieving the desired objectives. Also, the design of a control system must reflect the fact that there are resource constraints and the benefits of controls must be considered relative to their costs.

Changes in Internal Controls

Based on that evaluation, our Chief Executive Officer and our Chief Financial Officer concluded that no change occurred in the Company’s internal controls over financial reporting during the quarter ended ~~March~~September 3130, 2025, that has materially affected, or is reasonably likely to materially affect, the Company’s internal controls over financial reporting.

1819

PART II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

Other than as previously disclosed, we know of no other material, existing or pending legal proceedings against the Company, nor is it involved as a plaintiff in any material proceeding or pending litigation during the ~~three~~nine months period ending ~~March~~September 3130, 2025. Other than as previously disclosed, we know of no other ~~proceedings~~ proceedings in which our directors, officers or any affiliates, or any registered or beneficial shareholder, is an adverse party or has a material interest adverse to our interest during the ~~three~~nine months period ending ~~March~~September 3130, 2025.

ITEM 1A. RISK FACTORS

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

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

None.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None.

ITEM 4. MINING SAFETY DISCLOSURES

Not applicable.

ITEM 5. OTHER INFORMATION

During the quarter ended ~~March~~September 3130, 2025, no director or officer of the Company adopted or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408(a) of Regulation S-K.

ITEM 6. EXHIBITS

	No.		Description

	31.1		Chief Executive Officer Section 302 Certification

	31.2		Chief Financial Officer Section 302 Certification

	32.1		Section 906 Certification

	101.INS		XBRL Instance Document

	101.SCH		XBRL Taxonomy Extension Schema Document

	101.CAL		XBRL Taxonomy Calculation Linkbase Document

	101.DEF		XBRL Taxonomy Extension Definition Linkbase Document

	101.LAB		XBRL Taxonomy Label Linkbase Document

	101.PRE		XBRL Taxonomy Presentation Linkbase Document

1920

SIGNATURES

In accordance with the requirements of the Exchange Act, the Registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	ELECTRONIC SERVITOR PUBLICATION NETWORK INC.
Dated: June 17, 2026	By: /s/ Peter Hager Peter Hager Chief Executive Officer
Dated: June 23, 2026	By: /s/ Peter Hager Peter Hager Chief Executive Officer
	By: /s/ Thomas Spruce Thomas Spruce Chief Financial Officer

2021

Filing Compare · Electronic Servitor Publication Network, Inc.