v3.25.2

Condensed Balance Sheets - USD ($)	Aug. 31, 2025	May 31, 2025
Current Assets
Cash	$ 511	$ 12,943
Prepaid Expenses	23,325	18,295
Total Current Assets	23,836	31,238
Fixed Assets
Equipment, net	168,317	186,516
Website Development, net	2,800	3,150
Total Fixed Assets	171,117	189,666
Total Assets	194,953	220,904
Current Liabilities
Accounts Payable	10,000
Accrued Salaries	25,550	25,550
Deferred Revenue	3,212	4,000
Loan from Related Parties	434,425	430,115
Total Current Liabilities	473,187	459,665
Total Liabilities	473,187	459,665
Stockholders’ Equity (Deficit)
Common Stock ($0.001 par value, 75,000,000 shares authorized; 6,134,780 and 5,894,680 shares issued and outstanding as of August 31, 2025 and May 31, 2025, respectively)	6,135	5,895
Additional Paid-in Capital	32,909	25,946
Accumulated Other Comprehensive Income	3	3
Accumulated Deficit	(317,281)	(270,605)
Total Stockholders’ Equity (Deficit)	(278,234)	(238,761)
Total Liabilities & Stockholders’ Equity (Deficit)	$ 194,953	$ 220,904

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

Global-Smart.Tech Inc. 10-Q