General Overview

The Company was incorporated in 2018 to engage in the business of re-selling new and used tennis and golf equipment, including used golf carts. The company operates as an online-only entity, primarily utilizing eBay as its marketing channel. The company sources top-quality, in-demand equipment from local sports retailers and trade shows, and resells it to both domestic and international customers.

Changes in Control

In September 2024, the previous officers and directors sold a majority stake (70%) of the company to Alpine Elite Holdings Ltd., giving them unilateral control over the company’s operations and direction.

Description of Business

The company specializes in reselling new and used tennis and golf equipment, as well as used golf carts. It has established relationships with local retailers and attends industry trade shows to source in-demand, high-value equipment. The company operates solely online, utilizing eBay as its primary sales channel, but also plans to optimize its own website for global search.

Results of Operations

For the three months ended February 28, 2025, the company reported:

• Revenue: $2,000 (up from $1,100 in the prior year period)
• Cost of Goods Sold: $900 (up from $800)
• Gross Profit: $1,100 (up from $300)
• Net Loss: $7,173 (up from $6,055)

The increase in net loss was primarily due to higher operating expenses, which rose from $6,355 to $8,273.

For the six months ended February 28, 2025, the company reported:

• Revenue: $2,000 (down from $3,400 in the prior year period)
• Cost of Goods Sold: $900 (down from $2,540)
• Gross Profit: $1,100 (up from $860)
• Net Loss: $14,990 (up from $11,689)

The increase in net loss was again due to higher operating expenses, which rose from $12,549 to $16,090.

Liquidity and Capital

As of February 28, 2025, the company had:

• Cash: $1,972
• Total Assets: $2,241
• Total Liabilities: $22,563
• Working Capital Deficit: $20,322

The company’s financial statements have been prepared on a going concern basis, but there are no assurances it will be able to generate sufficient cash flow or obtain additional financing to support its operations.

Critical Accounting Policies

The company recognizes revenue upon transfer of control of promised goods to customers, primarily through its eBay platform. It also engages in consignment sales of tennis rackets, recognizing revenue upon shipment of the consigned goods. The company reports revenue and cost of goods sold on a gross basis for its owned inventory, such as used golf carts.

Outlook

The company faces risks associated with its reliance on third-party platforms like eBay to generate sales. It will need to secure additional financing or achieve profitability to continue as a going concern. The recent change in control may also impact the company’s strategic direction going forward.