10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 10-Q

(Mark One)

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended: February 28, 2026

Or

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

For the transition period from __________ to __________

Commission File Number: 000-56466

PACIFIC SPORTS EXCHANGE INC.

(Exact name of registrant as specified in its charter)

Delaware	83-1189007
(State or other jurisdiction of incorporation or organization)	(IRS Employer Identification No.)
3055 NW Yeon Ave, #236, Portland, OR	97210
(Address of principal executive offices)	(Zip Code)

(971) 279-2764

(Registrant’s telephone number, including area code)

N/A

(Former name, former address and former fiscal year, if changed since last report)

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

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

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

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	☒	Smaller reporting company	☒
		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(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     ☒ No

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date: 14,375,000 shares of Common Stock issued and outstanding as of April 13, 2026.

TABLE OF CONTENTS

PART I - FINANCIAL INFORMATION
Item 1.	Financial Statements	F-1
Item 2.	Management’s Discussion and Analysis of Financial Condition or Plan of Operation	4
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	9
Item 4.	Controls and Procedures	10
PART II - OTHER INFORMATION
Item 1.	Legal Proceedings	11
Item 1A.	Risk Factors	11
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	11
Item 3.	Defaults Upon Senior Securities	11
Item 4.	Mine Safety Disclosures	11
Item 5.	Other Information	11
Item 6.	Exhibits	12
SIGNATURES		13

2

FORWARD-LOOKING STATEMENTS

This quarterly report on Form 10-Q, and the exhibits attached hereto, contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Such forward-looking statements concern the Company’s anticipated results and developments in the Company’s operations in future periods, planned exploration and development of its properties, plans related to its business and other matters that may occur in the future. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management.

Any statement that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always using words or phrases such as “believes”, “expects” or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “estimates”, or “intends”, or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken, occur or be achieved) are not statements of historical fact and may be forward-looking statements. Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking statements.

Some of the important risks and uncertainties that could affect forward-looking statements are described further in this “Management’s Discussion and Analysis” section of this Quarterly Report. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, believed, estimated or expected. The Company cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Pacific Sports disclaims any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events, except as required by law. The Company advises readers to carefully review the reports and documents filed from time to time with the Securities and Exchange Commission (the “SEC”), particularly the Company’s Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.

As used in this Quarterly Report, the terms “we,” “us,” “our,” “Pacific Sports,” and the “Company,” mean Pacific Sports Exchange, Inc., unless otherwise indicated. All dollar amounts in this Quarterly Report are expressed in U.S. dollars, unless otherwise indicated.

Management’s Discussion and Analysis is intended to be read in conjunction with the Company’s financial statements and the integral notes (“Notes”) thereto for the period ending February 28, 2026. The following statements may be forward-looking in nature and actual results may differ materially. 

3

PART I - FINANCIAL INFORMATION

Item 1. Financial Statements

INTERIM FINANCIAL STATEMENTS

For the Six Months Ended February 28, 2026

(Unaudited)

INDEX TO UNAUDITED FINANCIAL STATEMENTS

	Page
Balance Sheets as of February 28, 2026, and August 31, 2025 (Unaudited)	F-2
Statements of Operations for the Three and Six Months Ended February 28, 2026, and 2025 (Unaudited)	F-3
Statements of Changes in Stockholders’ Deficit for the Six Months Ended February 28, 2026, and 2025 (Unaudited)	F-4
Statements of Cash Flows for the Six Months Ended February 28, 2026, and 2025 (Unaudited)	F-5
Notes to the Unaudited Financial Statements	F-6

F-1

 PACIFIC SPORTS EXCHANGE INC.

BALANCE SHEETS

(UNAUDITED)

	As of			As of
	February 28			August 31,
	2026			2025
Assets
Current Assets
Cash	$	-		$	1,476
Inventory		6,769			8,769
Total Current Assets		6,769			10,245
Total Assets	$	6,769		$	10,245
Liabilities and Stockholders' Deficit
Current Liabilities
Accounts payable and accrued liabilities	$	7,177		$	11,999
Due to related parties		63,592			40,323
Total Current Liabilities		70,769			52,322
Total Liabilities		70,769			52,322
Stockholders' Deficit
Preferred stock: 20,000,000 shares authorized; $0.001 par value; no shares issued and outstanding		-			-
Common stock: 200,000,000 shares authorized; $0.001 par value; 14,375,000 shares issued and outstanding, respectively.		14,375			14,375
Additional paid-in capital		136,514			136,514
Accumulated deficit		(214,889	)		(192,966	)
Total Stockholders' Deficit		(64,000	)		(42,077	)
Total Liabilities and Stockholders' Deficit	$	6,769		$	10,245

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

F-2

PACIFIC SPORTS EXCHANGE INC.

STATEMENTS OF OPERATIONS

(UNAUDITED)

	Three Months Ended						Six Months Ended
	February 28						February 28
	2026			2025			2026			2025
Revenues	$	-		$	2,000		$	2,200		$	2,000
Cost of goods sold		-			(900	)		(2,000	)		(900	)
Gross profit		-			1,100			200			1,100
Operating Expenses:
General and administrative		8			48			40			274
Professional fees		11,834			8,225			22,083			15,816
Total operating expenses		11,842			8,273			22,123			16,090
Loss from operations		(11,842	)		(7,173	)		(21,923	)		(14,990	)
Loss before income taxes		(11,842	)		(7,173	)		(21,923	)		(14,990	)
Provision for income taxes		-			-			-			-
Net loss	$	(11,842	)	$	(7,173	)	$	(21,923	)	$	(14,990	)
Basic and diluted loss per common share	$	(0.001	)	$	(0.000	)	$	(0.00	)	$	(0.00	)
Basic and diluted weighted average common shares outstanding		14,375,000			14,375,000			14,375,000			14,375,000

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

F-3

PACIFIC SPORTS EXCHANGE INC.

STATEMENT OF CHANGES IN STOCKHOLDERS’ DEFICIT

(UNAUDITED)

For the Three and Six Months Ended February 28, 2026

					Additional
	Common Stock				Paid-in		Accumulated
	Shares		Amount		Capital		Deficit			Total
Balance - August 31, 2025		14,375,000	$	14,375	$	136,514	$	(192,966	)	$	(42,077	)
Net loss		-		-		-		(10,081	)		(10,081	)
Balance - November 30, 2025		14,375,000		14,375		136,514		(203,047	)	$	(52,158	)
Net loss		-		-		-		(11,842	)		(11,842	)
Balance - February 28, 2026		14,375,000	$	14,375	$	136,514	$	(214,889	)	$	(64,000	)

For the Three and Six Months Ended February 28, 2025

					Additional
	Common Stock				Paid-in		Accumulated
	Shares		Amount		Capital		Deficit			Total
Balance - August 31, 2024		14,375,000	$	14,375	$	62,691	$	(156,221	)	$	(79,155	)
Forgiveness of related party loan		-		-		73,823		-			73,823
Net loss		-		-		-		(7,817	)		(7,817	)
Balance - November 30, 2024		14,375,000		14,375		136,514		(164,038	)		(13,149	)
Net loss		-		-		-		(7,173	)		(7,173	)
Balance - February 28, 2025		14,375,000	$	14,375	$	136,514	$	(171,211	)	$	(20,322	)

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

F-4

PACIFIC SPORTS EXCHANGE INC.

STATEMENTS OF CASH FLOWS

(UNAUDITED)

	Six Months Ended
	February 28
	2026			2025
Cash Flows from Operating Activities
Net loss	$	(21,923	)	$	(14,990	)
Changes in operating assets and liabilities:
Inventory		2,000			-
Accounts payable and accrued liabilities		(4,822	)		(57,945	)
Related parties' advances funding operations		23,269			73,912
Net cash provided by (used in) operating activities		(1,476	)		977
Net change in cash for the period		(1,476	)		977
Cash at beginning of period		1,476			995
Cash at end of period	$	-		$	1,972
Supplemental Cash Flow Information:
Cash paid for income taxes	$	-		$	-
Cash paid for interest	$	-		$	-
Non-Cash Investing and Financing Activities
Related party due, forgiveness	$	-		$	73,823

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

F-5

PACIFIC SPORTS EXCHANGE INC.

NOTES TO UNAUDITED FINANCIAL STATEMENTS

FEBRUARY 28,2026

NOTE 1 – ORGANIZATION, DESCRIPTION OF BUSINESS AND GOING CONCERN

Pacific Sports Exchange Inc., (“Pacific Sports” “the Company,” “we” or “us”) was incorporated in the state of Delaware on July 2, 2018. The accounting and reporting policies of the Company conform to accounting principles generally accepted in the United States of America (“GAAP”), and the Company’s fiscal year end is August 31.

The Company operates as a sports equipment vendor, specializing in tennis and golf. The Company sources high value new and used equipment and sells it online. The target market is an avid domestic or international customer that is serious about his/her golf or tennis game and will return to the Company for future purchases.

To date, the Company’s activities have been limited to generating revenue via www.ebay.com, as well as developing initial business contacts and services. 

Changes in Control

Effective September 23, 2024, Timothy Conte and Jennifer Whitesides, the previous officers and directors and majority shareholders of the Company, entered into a stock purchase agreements for the sale of an aggregate of 10,000,000 shares of Common Stock of the Company, representing approximately 70% of the issued and outstanding shares of Common Stock of the Company as of such date, to Alpine Elite Holdings Ltd., and as such Alpine Elite Holdings Ltd. is able to unilaterally control the election of our board of directors, all matters upon which shareholder approval is required and, ultimately, the direction of our Company.

On September 6, 2024, Mr. Conte and Ms. Whitesides resigned from all executive officer positions with the Company, including Chief Executive Officer and President, and as members of the Board, and Huang Hua Shang was appointed as Chief Executive Officer, Chief Financial Officer, Secretary and sole Director. 

Going Concern

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets and the liquidation of liabilities in the normal course of business. As of February 28, 2026, the Company has an accumulated deficit of $214,889 and earned nominal operating revenues.

The ability of the Company to obtain profitability is dependent upon, among other things, obtaining additional financing to continue operations, and development of its business plan. In response to these problems, management intends to raise additional operating funds through equity and/or debt financing. However, there can be no assurance management will be successful in its endeavors.

There are no assurances that the Company will be able to either 1) achieve a level of revenues adequate to generate sufficient cash flow from operations; or 2) obtain additional financing through either private placement, public offerings and/or bank financing necessary to support its working capital requirements. To the extent that funds generated from operations and any private placements, public offerings and/or bank financing are insufficient, the Company will have to raise additional working capital. No assurance can be given that additional financing will be available, or if available, will be on terms acceptable to the Company. If adequate working capital is not available to the Company, it may be required to curtail or cease its operations.

These factors, among others, raise substantial doubt about the Company’s ability to continue as a going concern. The accompanying financial statements do not include any adjustments that might result from the outcome of this uncertainty.

F-6

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The accompanying unaudited financial statements have been prepared in accordance with GAAP for interim financial statements and with the instructions to Form 10-Q and Article 8 of Regulation S-X of the United States Securities and Exchange Commission (“SEC”). Accordingly, they do not contain all the information and footnotes required by GAAP for annual financial statements. In the opinion of the Company’s management, the accompanying unaudited financial statements contain all the adjustments necessary (consisting only of normal recurring accruals) to present the financial position of the Company as of February 28, 2026, and the results of operations and cash flows for the periods presented. The results of operations for the period ended February 28, 2026, are not necessarily indicative of the operating results for the full fiscal year or any future period. These unaudited financial statements should be read in conjunction with the financial statements and related notes thereto included in the Company’s Annual Report on Form 10-K for the year ended August 31, 2025, filed with the SEC on December 16, 2025.

Use of Estimates and Assumptions

The preparation of financial statements in conformity with GAAP 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. The estimates and judgments will also affect the reported amounts for certain revenues and expenses during the reporting period. Actual results could differ from these good faith estimates and judgments. 

Cash and Cash Equivalents

Cash and cash equivalents include cash in banks, money market funds, and certificates of term deposits with maturities of less than three months from inception, which are readily convertible to known amounts of cash and which, in the opinion of management, are subject to an insignificant risk of loss in value. The Company had $0 and $1,476 in cash and had no cash equivalent as of February 28, 2026, and August 31, 2025, respectively.

Inventory

The Company’s inventory consists of tennis equipment and golf carts. All inventory is finished goods. Inventories are stated at the lower of cost or net realizable value. The inventory is stored on-site at the Florida office of the Company. The Company utilizes first-in first-out for inventory items held. We periodically review inventories for obsolescence and any inventories identified as obsolete are written down. Although we believe that the assumptions we use to estimate inventory write-downs are reasonable, future changes in these assumptions could provide a significantly different result.

Revenue Recognition

Revenue is earned from the reselling of new and used sports equipment. The Company applies the following five steps in order to determine the appropriate amount of revenue to be recognized as it fulfills its obligations pursuant to each of its equipment sales transactions:

· identify the contract with a customer;

· identify the performance obligations in the contract;

· determine the transaction price;

· allocate the transaction price to performance obligations in the contract; and

· recognize revenue as the performance obligation is satisfied.

The Company operates as an online-only retailer and utilizes eBay Inc. (“eBay”) as its prime marketing channel. The Company currently relies on eBay, a third-party marketplace, to facilitate its sales. Such reliance on any third-party platform to generate revenues carries with it certain risks, including but not necessarily limited to the Company could violate the terms of service and lose its selling privileges, or the sites themselves could experience technical issues and/or fail. The Company always strives to abide by the policies of any third-party platform and endeavors to provide superior customer service.

F-7

Typical sales transactions are usually fulfilled within twenty-four (24) hours of completing the transaction online. Contracts stating the transaction price and our performance obligation to deliver the ordered products are deemed to be entered into via eBay at the time the customer submits payment, which is conducted through the PayPal payment platform. Due to the instantaneous nature of a customer submitting an order online at a stated price and the same or next business day shipment of product, the Company does not anticipate that variable consideration or contract assets or liabilities will arise in the normal course of business.

Revenues are recognized based on the sales contract price, ne of sales taxes, when control of the promised goods are transferred to a customer, in an amount that reflects the consideration that the Company expects to receive in exchange for those goods. Our contracted prices primarily include cost of inventory, shipping and handling, eBay commission fee and our margin, which varies depending on each item. We may provide incentives to our customers from time to time, including discounts, coupons and rewards, which are treated as a reduction in revenue. We may provide sales under a consignment for a client. When acting as an agent, where we do not take delivery of the inventory, we record all costs of sales as a reduction in revenue. The Company does not accept returns and clearly indicates this in our listings. However, if a customer receives an item that is not as described in the eBay listing, we must follow the eBay moneyback guarantee policy which obligates us to issue a full refund within three (3) business days. We do not provide an estimate for returns as we do not anticipate any returns in the normal course of business. 

Consignment Sales

The Company, as a consignee, provides a service to sell tennis racquets through its online marketplace with eBay. The Company retains a percentage of the proceeds received as payment for its consignment items, which the Company refers to as its ‘‘take rate.’’ The Company recognizes consignment revenue upon shipment of the consigned good to a customer as its performance obligation of providing consignment services to the consignor is satisfied at that point. The Company reports consignment revenue on a net basis as an agent and not the gross amount collected from a customer. Title to the consigned goods remain with the consignor until transferred to a customer after purchase of the consigned goods. In any event of damage or loss of consignment items, the Company will recognize an expense and will pay all related disbursements. The Company does not take the title of consigned goods at any time.

Other Sales

The Company purchases used golf carts as its own inventory for resale. The Company reports revenue on a gross basis from amounts collected from the customer upon transferring the product to the buyer.

Cost of Goods Sold

The cost of goods sold includes the following expenses: inventory costs and expenses related to eBay fees, repair, fuel and shipping services. 

Recent Accounting Pronouncements

The Company adopts new pronouncements relating to generally accepted accounting principles applicable to the Company as they are issued, which may be in advance of their effective date. Management does not believe that any recently issued, but not yet effective accounting standards, if currently adopted, would have a material effect on the accompanying financial statements.

Related Parties

The Company follows ASC 850, Related Party Disclosures, for the identification of related parties and disclosure of related party transactions.

F-8

NOTE 3 – RELATED PARTY TRANSACTIONS

In support of the Company’s efforts and cash requirements, it may rely on advances from related parties until such a time that the Company can support its operations or attain adequate financing through sales of its equity or traditional debt financing. There is no formal written commitment for continued support by shareholders. 

During the six months ended February 28, 2025, the Company’s former CEO and Director advanced to the Company an amount of $56,423 by paying operating expenses on behalf of the Company, respectively.

During the six months ended February 28,2025, pursuant to a change in control dated September 23, 2024, the Company’s former CEO and Director forgave the outstanding balance of $73,823.

During the six months ended February 28, 2026, and 2025, the Company’s shareholder advanced to the Company an amount of $23,269 and $17,489 by paying for operating expenses on behalf of the Company, respectively.

As of February 28, 2026, and August 31, 2025, the Company was obligated to the current shareholder for a balance of $63,592 and $40,323, which is unsecured, non-interest-bearing and due on demand and has not been formalized by a promissory note, respectively.

NOTE 4 – EQUITY

Preferred Stock

The Company has authorized 20,000,000 shares of Preferred Stock with a par value of $0.001 per share. No preferred stock was issued or outstanding as of February 28, 2026, and August 31, 2025.

Common Stock

The Company has authorized 200,000,000 shares of Common Stock with a par value of $0.001 per share. Each common share entitles the holder to one vote, in person or proxy, on any matter on which action of the stockholders of the Corporation is sought. 

As of February 28, 2026, and August 31, 2025, the Company had 14,375,000 shares of Common Stock issued and outstanding.

NOTE 5 – CONCENTRATION

As of February 28, 2026, and August 31, 2025, and for the six months ended February 28, 2026, and 2025, customer and supplier concentrations (more than 10%) were as follows:

Revenue

During the six months ended February 28, 2026, and 2025, one (1) customer represented 100% and one (1) customer represented 100% of our revenue of which each accounted for more than 10% of our revenue, respectively.

Purchases

During the six months ended February 28, 2026, the Company did not purchase golf cart. During the six months ended February 28,2025, one (1) supplier represented 100% of our purchases of which each accounted for more than 10% of our purchases. 

Accounts receivable

As of February 28, 2026, and August 31, 2025, the accounts receivable balances were nil.

NOTE 6- SUBSEQUENT EVENTS

The Company has evaluated events occurring subsequent to February 28, 2026, through the issuance of the financial statements and determined that there are no additional events requiring disclosure.

F-9

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

General Overview

The Company was incorporated in Delaware on July 2, 2018, to engage in the business of re-selling new and used tennis and golf equipment. We have since added used golf carts to our resale inventory and have begun engaging in consignment sales of tennis rackets and golf carts. The concept is to source top-quality, in-demand equipment, and resell it to both domestic and international customers. Our Company has identified popular brands and models that retain value, in new and used condition, across the various markets in which we plan to sell.

We operate as an online-only entity and utilize eBay Inc. (“eBay”) as our primary marketing channel. We will also optimize our own website for “global” search terms and internally vend equipment through an expanding referral network of repeat customers.

To date, the Company’s activities have included building out its business operations and marketing, acquiring inventory, generating revenue via www.ebay.com, as well as developing supplier and business contacts and services.

Our principal executive office is located at 3055 NW Yeon Ave, #236, Portland , OR 97210 and our telephone number is (971) 279-2764. Our corporate website is www.pacificsportsexchange.com.

We have not been subject to any bankruptcy, receivership, or similar proceeding. We do not have any subsidiaries.

Changes in Control

Effective September 23, 2024, Timothy Conte and Jennifer Whitesides, the previous officers and Directors and majority shareholders of the Company, entered into stock purchase agreements for the sale of an aggregate of 10,000,000 shares of Common Stock of the Company, representing approximately 70% of the issued and outstanding shares of Common Stock of the Company as of such date, to Alpine Elite Holdings Ltd., and as such Alpine Elite Holdings Ltd. is able to unilaterally control the election of our Board of Directors, all matters upon which shareholder approval is required and, ultimately, the direction of our Company.

On September 6, 2024, Mr. Conte and Ms. Whitesides resigned from all executive officer positions with the Company, including Chief Executive Officer and President, and as members of the Board, and Huang Hua Shang was appointed as Chief Executive Officer, Chief Financial Officer, Secretary and sole Director.

Description of Business

We specialize in the reselling of new and used tennis and golf equipment, including reselling used golf carts and engaging in consignment sales of tennis rackets and golf carts. The concept is to source top-quality, in-demand equipment and resell it to both domestic and international customers. We have identified popular brands and models that retain their value in new and used conditions.

To source in-demand equipment, our Company has established relationships with local Southwest Florida sports retailers to purchase their surplus end-of-season inventory and trade-ins. The Company also attends golf and tennis trade shows and monitors re-seller equipment events to pin-point trends in high-demand used equipment. Both Florida and California have been identified as premium geographic locations to search for and secure the desired supply of top-end equipment.

We currently operate as an online-only entity and utilize eBay as our primary marketing channel. We will also optimize our own website for “global” search terms and internal vending equipment to a worldwide market. Because the Company relies on third-party websites such as eBay to make its sales, such reliance on any third-party platform to generate revenues carries with it certain risks including but not necessarily limited to: the Company could violate the terms of service and lose its selling privileges, or the sites themselves could experience technical issues and/or fail. The Company will always strive to abide by the policies of any third-party platform and will endeavor to provide superior customer service. The Company will also look to improve the marketing and functionality of its own website, to act as a hedge against the risk of relying on third-party partners.

4

The Company has experience in both the sports of tennis and golf, and through this experience have identified high-value, high-margin equipment that resells profitably to both international and domestic customers. The goal is to create a unique supply chain that targets niche, valued products and their buyers. Serious golfers and tennis players are very particular about their equipment and will go to considerable lengths to secure what they are looking for in a quest to improve their game; this customer is our prime target market, and our marketing approach will be to create a relationship (wherever possible) with this customer and become their ongoing equipment supplier through social media and electronic outreach.

Results of Operations

The following summary of our results of operations should be read in conjunction with our unaudited financial statements for the period ended February 28, 2026, which are included herein.

Our operating results for the six months ended February 28, 2026, and 2025 and the changes between those periods for the respective items are summarized as follows.

Three months ended February 28, 2026, compared to three months ended February 28, 2025

	Three Months Ended
	February 28
	2026			2025			Change
Revenue	$	-		$	2,000		$	(2,000	)
Cost of goods sold		-			900			(900	)
Gross profit		-			1,100			(1,100	)
Operating expenses		11,842			8,273			3,569
Net loss	$	(11,842	)	$	(7,173	)	$	(4,669	)

Net loss was $11,842 for the three months ended February 28, 2026, and $7,173 net loss for the three months ended February 28, 2025. The increase in net loss from $7,173 for the three months ended February 28, 2025, to $11,842 net loss for the three months ended February 28, 2026, was primarily due to an increase in operating expenses of $3,569 offset by a reduction in gross profit of $1,100.

Revenue for the three months ended February 28, 2026, and 2025, was $0 and $2,200, respectively.

Cost of goods sold for the three months ended February 28, 2026, and 2025, was $0 and $900, respectively.

Operating expenses for the three months ended February 28, 2026, and 2025, were $11,842 and $8,273, respectively. Operating expenses during the three months ended February 28, 2026, and 2025, were primarily attributed to general and administration expenses of $8 and $48, and professional fees of $11,834 and $8,225, respectively.

Six months ended February 28, 2026, compared to three months ended February 28, 2025

	Six Months Ended
	February 28
	2026			2025			Change
Revenue	$	2,200		$	2,000		$	200
Cost of goods sold		2,000			900			1,100
Gross profit		200			1,100			(900	)
Operating expenses		22,123			16,090			6,033
Net loss	$	(21,923	)	$	(14,990	)	$	(6,933	)

5

Net loss was $21,923 for the six months ended February 28, 2026, and $14,990 net loss for the six months ended February 28, 2025. The increase in net loss from $14,990 for the six months ended February 28, 2025, to $21,923 net loss for the six months ended February 28, 2026, was primarily due to an increase in operating expenses of $6,033 offset by a reduction in gross profit of $900.

Revenue for the six months ended February 28, 2026, and 2025, was $2,200 and $2,000, respectively.

Cost of goods sold for the six months ended February 28, 2026, and 2025, was $2,000 and $900, respectively.

Operating expenses for the six months ended February 28, 2026, and 2025, were $22,123 and $16,090, respectively. Operating expenses during the six months ended February 28, 2026, and 2025, were primarily attributed to general and administration expenses of $40 and $274, and professional fees of $22,083 and $15,816, respectively

Liquidity and Capital

Our financial statements have been prepared on a going concern basis, which contemplates the realization of assets and settlement of liabilities and commitments in the normal course of business for the foreseeable future. There are no assurances that the Company will be able to either (1) achieve a level of revenues adequate to generate sufficient cash flow from operations; or (2) obtain additional financing through either private placement, public offerings and/or debt financing necessary to support its working capital requirements. To the extent that funds generated from operations and any private placements, public offerings and/or debt financing are insufficient, our Company will have to raise additional working capital. No assurance can be given that additional financing will be available, or if available, will be on terms acceptable to our Company. If adequate working capital is not available to our Company, it may be required to curtail or cease its operations.

As of February 28, 2026, and August 31, 2025, we had the following balance sheet amounts:

As of February 28, 2026, our current and total assets were $6,769, consisting of cash of $0 and inventory of $6,769.

As of August 31, 2025, our current and total assets were $10,245, consisting of cash of $1,476 and inventory of $8,769.

As of February 28, 2026, our total liabilities of $70,769 were all current liabilities, which consisted of accounts payable  of $7,177 and due to related party of $63,592. As of August 31, 2025, our total liabilities of $52,322 were all current liabilities, which consisted of $11,999 accounts payable and accrued liabilities and due to related party of $40,323.

During the six months ended February 28, 2025, pursuant to a change in control dated September 23, 2024, the Company’s former CEO and Director forgave the outstanding balance of $73,823 and it was recorded in additional paid in capital. 

Working Capital

The following table presents our working capital (deficit) position as of February 28, 2026, and August 31, 2025:

	As of			As of
	February 28			August 31,
	2026			2025
Current Assets	$	6,769		$	10,245
Current Liabilities		70,769			52,322
Working Capital (Deficiency)	$	(64,000	)	$	(42,077	)

6

As of February 28, 2026, we had a working capital deficiency of $64,000 compared to working capital deficiency of $42,077 as of August 31, 2025. As of February 28, 2026, we had current assets of $6,769 (compared to $10,245 at August 31, 2025) and current liabilities of $70,769 (compared to $52,322 at August 31, 2025).

Cash Flow

We fund our operations with cash generated from sales, capital contributions, debt, issuances of shares of Common Stock and loans from our shareholders.

The following table presents our cash flow for the six months ended February 28, 2026, and 2025:

	Six Months Ended
	February 28
	2026			2025
Cash (used in) provided by operating activities	$	(1,476	)	$	977
Cash used in Investing Activities		-			-
Cash provided by financing activities		-			-
Net change in cash for the period	$	(1,476	)	$	977

Cash Flows from Operating Activities

For the six months ended February 28, 2026, net cash used in operating activities was $1,476 compared to $977 net cash provided by operating activities during the six months ended February 28, 2025. For the six months ended February 28, 2026, we had a net loss of $21,923, which was increased by a decrease in accounts payable and accrued liabilities of $4,822, reduced by a reduction  in inventory of $2,000 and reduced by an increase in related parties of $23,269 for advances funding operation expenses.

For the six months ended February 28, 2025, we had a net loss of $14,990, which was increased by a decrease in accounts payable and accrued liabilities of $57,945 and reduced by an increase in related parties of $73,912 for advances funding operation expense.

Cash Flows used in Investing Activities

During the six months ended February 28, 2026, and 2025, we had no investing activities.

Cash Flows from Financing Activities

During the six months ended November 30, 2025, and 2024, we had no financing activities.

Off-Balance Sheet Arrangements

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

Critical Accounting Policies

We prepare our financial statements in conformity with Generally Accepted Accounting Principles (“GAAP”) of the United States, which requires management to make certain estimates and apply judgments. We base our estimates and judgments on historical experience, current trends and other factors that management believes to be important at the time the financial statements are prepared. On a regular basis, we review our accounting policies and how they are applied and disclosed in our financial statements.

7

While we believe that the historical experience, current trends and other factors considered support the preparation of our financial statements in conformity with GAAP, actual results could differ from our estimates and such differences could be material.

Revenue recognition

Revenue is earned from the reselling of new and used sports equipment. The Company applies the following five steps in order to determine the appropriate amount of revenue to be recognized as it fulfils its obligations pursuant to each of its equipment sales transactions:

· identify the contract with a customer;

· identify the performance obligations in the contract;

· determine the transaction price;

· allocate the transaction price to performance obligations in the contract; and

· recognize revenue as the performance obligation is satisfied.

The Company operates as an online-only retailer and utilizes eBay as its prime marketing channel. The Company currently relies on eBay, a third-party marketplace, to facilitate its sales. Such reliance on any third-party platform to generate revenues carries with it certain risks, including but not necessarily limited to: the Company could violate the terms of service and lose its selling privileges, or the sites themselves could experience technical issues and/or fail. The Company always strives to abide by the policies of any third-party platform and endeavors to provide superior customer service.

Typical sales transactions are usually fulfilled within twenty-four (24) hours of completing the transaction online. Contracts stating the transaction price and our performance obligation to deliver the ordered products are deemed to be entered into on eBay at the time the customer submits payment, which is conducted through the PayPal payment platform. Due to the instantaneous nature of a customer submitting an order online at a stated price and the same (or next)-day shipment of product, the Company does not anticipate that variable consideration or contract assets or liabilities will arise in the normal course of business.

Revenues are recognized based on the sales contract price, net of sales taxes, when control of the promised goods are transferred to a customer, in an amount that reflects the consideration that the Company expects to receive in exchange for those goods. Our contracted prices primarily include cost of inventory, shipping and handling, eBay commission fee and our margin, which varies depending on each item. We may provide incentives to our customers from time-to-time, including discounts, coupons and rewards, which are treated as a reduction in revenue. The Company does not accept returns and clearly indicates this in our listings. However, if a customer receives an item that is not as described in the eBay listing, we must follow the eBay money-back guarantee policy which obligates us to issue a full refund within three (3) business days. We do not provide an estimate for returns as we do not anticipate any returns in the normal course of business.

Consignment Sales

The Company, as a consignee, provides a service to sell tennis racquets through its online marketplace with eBay. The Company retains a percentage of the proceeds received as payment for its consignment items, which the Company refers to as its “take rate.” The Company recognizes consignment revenue upon shipment of the consigned good to a customer as its performance obligation of providing consignment services to the consignor is satisfied at that point. The Company reports consignment revenue on a net basis as an agent and not the gross amount collected from a customer. Title to the consigned goods remain with the consignor until transferred to a customer subsequent to purchase of the consigned goods. In any event of damage or loss of consignment items, the Company will recognize an expense and will pay all related disbursements. The Company does not take title of consigned goods at any time.

8

Other Sales

The Company purchases used golf carts as their own inventory for resale. The Company reports revenue on a gross basis from amounts collected from the customer upon transferring the product to the buyer.

Cost of Goods Sold

Cost of goods sold includes the following expenses: inventory costs and expenses related to eBay fees, repair, fuel and shipping services.

Concentration

As of February 28, 2026, and August 31, 2025, and for the six months ended February 28, 2026, and 2025, customer and supplier concentrations (more than 10%) were as follows:

Revenue

During the six months ended February 28, 2026, and 2025, one (1) customer represented 100% and one (1) customer represented 100% of our revenue of which each accounted for more than 10% of our revenue, respectively.

Purchases

During the six months ended February 28, 2026, the Company did not purchase golf cart. During the six months ended February 28,2025, one (1) supplier represented 100% of our purchases of which each accounted for more than 10% of our purchases. 

Accounts receivable

As of February 28, 2026, and August 31, 2025, the accounts receivable balances were nil.

Item 3. Quantitative and Qualitative Disclosures About Market Risk

As a “smaller reporting company,” we are not required to provide the information required by this Item.

9

Item 4. Controls and Procedures

Evaluation of Disclosure Controls and Procedures

Our management is responsible for establishing and maintaining a system of disclosure controls and procedures (as defined in Rule 13a-15(e) and 15d-15(e) under the Exchange Act) that is designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the Commission’s rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by an issuer in the reports that it files or submits under the Exchange Act is accumulated and communicated to the issuer’s management, including its principal executive officer or officers and principal financial officer or officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.

An evaluation was conducted under the supervision and with the participation of our management of the effectiveness of the design and operation of our disclosure controls and procedures as of February 28, 2026. Based on that evaluation, our management concluded that our disclosure controls and procedures were not effective as of such date to ensure that information required to be disclosed in the reports that we file or submit under the Exchange Act, is recorded, processed, summarized and reported within the time periods specified in SEC rules and forms. Management also confirmed that there was no change in our internal control over financial reporting during the period ended February 28, 2026, that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

The specific material weakness identified by our management was ineffective controls over certain aspects of the financial reporting process because of a lack of a sufficient complement of personnel with a level of accounting expertise and an adequate supervisory review structure that is commensurate with our financial reporting requirements and inadequate segregation of duties. A “material weakness” is a deficiency, or combination of deficiencies, in internal control over financial reporting such that there is a reasonable possibility that a material misstatement of our Company’s annual or interim financial statements would not be prevented or detected on a timely basis.

We expect to be materially dependent upon a third party to provide us with accounting consulting services for the foreseeable future. Until such time as we have a chief financial officer with the requisite expertise in U.S. GAAP, there are no assurances that the material weaknesses in our disclosure controls and procedures and internal control over financial reporting will not result in errors in our financial statements which could lead to a restatement of those financial statements.

Changes in Internal Controls

There have been no changes in our internal controls over financial reporting identified in connection with the evaluation required by paragraph (d) of Securities Exchange Act Rule 13a-15 or Rule 15d-15 that occurred in the quarter ended February 28, 2026, that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

10

PART II - OTHER INFORMATION

Item 1. Legal Proceedings

From time to time, we may become involved in litigation relating to claims arising out of our operations in the normal course of business. We are not involved in any pending legal proceeding or litigation, and, to the best of our knowledge, no governmental authority is contemplating any proceeding to which we are a party or to which any of our properties is subject, which would reasonably be likely to have a material adverse effect on us.

Item 1A. Risk Factors

As a “smaller reporting company,” we are not required to provide the information required by this Item.

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

None.

11

Item 6. Exhibits

The following exhibits are filed herewith or incorporated by reference to exhibits previously filed with the SEC.

Exhibit		INCORPORATED BY REFERENCE		Filing
Number	Exhibit Description	Form	Exhibit	Date
3.1	Articles of Incorporation	S-1/A	3.1	9/30/2019
3.2	Bylaws	S-1/A	3.2	9/30/2019
3.3	Amended and Restated Certificate of Incorporation	POS AM	3.3	12/11/2019
3.4	Amended and Restated Bylaws	POS AM	3.4	12/11/2019
31.1/31.2*	Certification of the Principal Executive Officer and Principal Financial Officer required by Rule 13a-14(a) or Rule 15d-14(a) under the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32.1/32.2**	Certification of the Chief Executive Officer and Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (18 U.S.C. Section 1350).
101*	Inline XBRL Document Set for the condensed financial statements and accompanying notes in Part I, Item 1, “Financial Statements” of this Quarterly Report on Form 10-Q.
104*	Inline XBRL for the cover page of this Quarterly Report on Form 10-Q, included in the Exhibit 101 Inline XBRL Document Set.

_____________

* Filed herewith

** Furnished herewith

12

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.

	Pacific Sports Exchange Inc.
	(Registrant)
Dated: April 21, 2026	/s/ Huang Hua Shang
	Huang Hua Shang
	Chief Executive Officer, President, and Director

13

EX-31.1

EXHIBIT 31.1 / 31.2

CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER AND

PRINCIPAL ACCOUNTING AND FINANCIAL OFFICER

PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT AND RULE 13A-14(A)

OR 15D-14(A) UNDER THE SECURITIES EXCHANGE ACT OF 1934

I, Huang Hua Shang, certify that:

1.	I have reviewed this report on Form 10-Q of Pacific Sports Exchange Inc. for the quarter ended February 28, 2026;
2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.	I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a)	Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under my supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to me by others within those entities, particularly during the period in which this report is being prepared;
(b)	Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under my supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
(c)	Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report my conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
(d)	Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

(a)	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
(b)	Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Dated: April 21, 2026	By:	/s/ Huang Hua Shang
		Huang Hua Shang
		Chief Executive Officer, President, and Principal Financial Officer

EX-32.1

EXHIBIT 32.1 / 32.2

CERTIFICATION OF CHIEF EXECUTIVE OFFICER

AND CHIEF FINANCIAL OFFICER

PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Pacific Sports Exchange Inc. (the “Company”) on Form 10-Q for the period ended February 28, 2026, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Huang Hua Shang Chief Executive Officer and Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that;

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: April 21, 2026	By:	/s/ Huang Hua Shang
	Name:	Huang Hua Shang
	Title:	Chief Executive Officer, President and Principal Financial Officer

A signed original of this written statement required by Section 906 has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

XML

Cover - shares	6 Months Ended
	Feb. 28, 2026	Apr. 13, 2026
Cover [Abstract]
Entity Registrant Name	PACIFIC SPORTS EXCHANGE INC.
Entity Central Index Key	0001765651
Document Type	10-Q
Amendment Flag	false
Current Fiscal Year End Date	--08-31
Entity Small Business	true
Entity Shell Company	false
Entity Emerging Growth Company	true
Entity Current Reporting Status	Yes
Document Period End Date	Feb. 28, 2026
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2026
Entity Ex Transition Period	false
Entity Common Stock Shares Outstanding		14,375,000
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	000-56466
Entity Incorporation State Country Code	DE
Entity Tax Identification Number	83-1189007
Entity Address Address Line 1	3055 NW Yeon Ave
Entity Address Address Line 2	#236
Entity Address City Or Town	Portland
Entity Address State Or Province	OR
Entity Address Postal Zip Code	97210
City Area Code	971
Local Phone Number	279-2764
Entity Interactive Data Current	Yes

XML

BALANCE SHEETS - USD ($)	Feb. 28, 2026	Aug. 31, 2025
Current Assets
Cash	$ 0	$ 1,476
Inventory	6,769	8,769
Total Current Assets	6,769	10,245
Total Assets	6,769	10,245
Current Liabilities
Accounts payable and accrued liabilities	7,177	11,999
Due to related parties	63,592	40,323
Total Current Liabilities	70,769	52,322
Total Liabilities	70,769	52,322
Stockholders' Deficit
Preferred stock: 20,000,000 shares authorized; $0.001 par value; no shares issued and outstanding	0	0
Common stock: 200,000,000 shares authorized; $0.001 par value; 14,375,000 shares issued and outstanding, respectively.	14,375	14,375
Additional paid-in capital	136,514	136,514
Accumulated deficit	(214,889)	(192,966)
Total Stockholders' Deficit	(64,000)	(42,077)
Total Liabilities and Stockholders' Deficit	$ 6,769	$ 10,245

XML

BALANCE SHEETS (Parenthetical) - $ / shares	Feb. 28, 2026	Aug. 31, 2025
BALANCE SHEETS
Preferred stock, shares par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	20,000,000	20,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, shares authorized	200,000,000	200,000,000
Common stock, shares par value	$ 0.001	$ 0.001
Common stock, shares issued	14,375,000	14,375,000
Common stock, shares outstanding	14,375,000	14,375,000

XML

STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)	3 Months Ended		6 Months Ended
	Feb. 28, 2026	Feb. 28, 2025	Feb. 28, 2026	Feb. 28, 2025
STATEMENTS OF OPERATIONS (UNAUDITED)
Revenues	$ 0	$ 2,000	$ 2,200	$ 2,000
Cost of goods sold	0	(900)	(2,000)	(900)
Gross profit	0	1,100	200	1,100
Operating Expenses:
General and administrative	8	48	40	274
Professional fees	11,834	8,225	22,083	15,816
Total operating expenses	11,842	8,273	22,123	16,090
Loss from operations	(11,842)	(7,173)	(21,923)	(14,990)
Loss before income taxes	(11,842)	(7,173)	(21,923)	(14,990)
Provision for income taxes	0	0	0	0
Net loss	$ (11,842)	$ (7,173)	$ (21,923)	$ (14,990)
Basic and diluted loss per common share	$ (0.001)	$ (0.000)	$ (0.00)	$ (0.00)
Basic and diluted weighted average common shares outstanding	14,375,000	14,375,000	14,375,000	14,375,000

XML

STATEMENT OF CHANGES IN STOCKHOLDERS' DEFICIT (UNAUDITED) - USD ($)	Total	Common Stock	Additional Paid-In Capital	Accumulated Deficit
Balance, shares at Aug. 31, 2024		14,375,000
Balance, amount at Aug. 31, 2024	$ 79,155	$ 14,375	$ 62,691	$ 156,221
Forgiveness of related party loan	73,823	0	73,823	0
Net loss	7,817	$ 0	0	7,817
Balance, shares at Nov. 30, 2024		14,375,000
Balance, amount at Nov. 30, 2024	13,149	$ 14,375	136,514	164,038
Net loss	(7,173)	$ 0	0	7,173
Balance, shares at Feb. 28, 2025		14,375,000
Balance, amount at Feb. 28, 2025	20,322	$ 14,375	136,514	171,211
Balance, shares at Aug. 31, 2025		14,375,000
Balance, amount at Aug. 31, 2025	(42,077)	$ 14,375	136,514	192,966
Net loss	10,081	$ 0	0	10,081
Balance, shares at Nov. 30, 2025		14,375,000
Balance, amount at Nov. 30, 2025	52,158	$ 14,375	136,514	203,047
Net loss	(11,842)	$ 0	0	11,842
Balance, shares at Feb. 28, 2026		14,375,000
Balance, amount at Feb. 28, 2026	$ (64,000)	$ 14,375	$ 136,514	$ 214,889

XML

STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)	6 Months Ended
	Feb. 28, 2026	Feb. 28, 2025
Cash Flows from Operating Activities
Net loss	$ (21,923)	$ (14,990)
Changes in operating assets and liabilities:
Inventory	2,000	0
Accounts payable and accrued liabilities	(4,822)	(57,945)
Related parties' advances funding operations	23,269	73,912
Net cash provided by (used in) operating activities	(1,476)	977
Net change in cash for the period	(1,476)	977
Cash at beginning of period	1,476	995
Cash at end of period	0	1,972
Supplemental Cash Flow Information:
Cash paid for income taxes	0	0
Cash paid for interest	0	0
Non-Cash Investing and Financing Activities
Related party due, forgiveness	$ 0	$ 73,823

XML

Insider Trading Arrangements	6 Months Ended
	Feb. 28, 2026
Insider Trading Arrangements [Line Items]
Rule 10b5-1 Arrangement Adopted [Flag]	false
Rule 10b5-1 Arrangement Terminated [Flag]	false
Non Rule 10b5-1 Arrangement Adopted [Flag]	false
Non Rule 10b5-1 Arrangement Terminated [Flag]	false

XML

ORGANIZATION DESCRIPTION OF BUSINESS AND GOING CONCERN

6 Months Ended

Feb. 28, 2026

ORGANIZATION DESCRIPTION OF BUSINESS AND GOING CONCERN

ORGANIZATION, DESCRIPTION OF BUSINESS AND GOING CONCERN

NOTE 1 – ORGANIZATION, DESCRIPTION OF BUSINESS AND GOING CONCERN

Pacific Sports Exchange Inc., (“Pacific Sports” “the Company,” “we” or “us”) was incorporated in the state of Delaware on July 2, 2018. The accounting and reporting policies of the Company conform to accounting principles generally accepted in the United States of America (“GAAP”), and the Company’s fiscal year end is August 31.

The Company operates as a sports equipment vendor, specializing in tennis and golf. The Company sources high value new and used equipment and sells it online. The target market is an avid domestic or international customer that is serious about his/her golf or tennis game and will return to the Company for future purchases.

To date, the Company’s activities have been limited to generating revenue via www.ebay.com, as well as developing initial business contacts and services. 

Changes in Control

Effective September 23, 2024, Timothy Conte and Jennifer Whitesides, the previous officers and directors and majority shareholders of the Company, entered into a stock purchase agreements for the sale of an aggregate of 10,000,000 shares of Common Stock of the Company, representing approximately 70% of the issued and outstanding shares of Common Stock of the Company as of such date, to Alpine Elite Holdings Ltd., and as such Alpine Elite Holdings Ltd. is able to unilaterally control the election of our board of directors, all matters upon which shareholder approval is required and, ultimately, the direction of our Company.

On September 6, 2024, Mr. Conte and Ms. Whitesides resigned from all executive officer positions with the Company, including Chief Executive Officer and President, and as members of the Board, and Huang Hua Shang was appointed as Chief Executive Officer, Chief Financial Officer, Secretary and sole Director. 

Going Concern

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets and the liquidation of liabilities in the normal course of business. As of February 28, 2026, the Company has an accumulated deficit of $214,889 and earned nominal operating revenues.

The ability of the Company to obtain profitability is dependent upon, among other things, obtaining additional financing to continue operations, and development of its business plan. In response to these problems, management intends to raise additional operating funds through equity and/or debt financing. However, there can be no assurance management will be successful in its endeavors.

There are no assurances that the Company will be able to either 1) achieve a level of revenues adequate to generate sufficient cash flow from operations; or 2) obtain additional financing through either private placement, public offerings and/or bank financing necessary to support its working capital requirements. To the extent that funds generated from operations and any private placements, public offerings and/or bank financing are insufficient, the Company will have to raise additional working capital. No assurance can be given that additional financing will be available, or if available, will be on terms acceptable to the Company. If adequate working capital is not available to the Company, it may be required to curtail or cease its operations.

These factors, among others, raise substantial doubt about the Company’s ability to continue as a going concern. The accompanying financial statements do not include any adjustments that might result from the outcome of this uncertainty.

XML

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

6 Months Ended

Feb. 28, 2026

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The accompanying unaudited financial statements have been prepared in accordance with GAAP for interim financial statements and with the instructions to Form 10-Q and Article 8 of Regulation S-X of the United States Securities and Exchange Commission (“SEC”). Accordingly, they do not contain all the information and footnotes required by GAAP for annual financial statements. In the opinion of the Company’s management, the accompanying unaudited financial statements contain all the adjustments necessary (consisting only of normal recurring accruals) to present the financial position of the Company as of February 28, 2026, and the results of operations and cash flows for the periods presented. The results of operations for the period ended February 28, 2026, are not necessarily indicative of the operating results for the full fiscal year or any future period. These unaudited financial statements should be read in conjunction with the financial statements and related notes thereto included in the Company’s Annual Report on Form 10-K for the year ended August 31, 2025, filed with the SEC on December 16, 2025.

Use of Estimates and Assumptions

The preparation of financial statements in conformity with GAAP 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. The estimates and judgments will also affect the reported amounts for certain revenues and expenses during the reporting period. Actual results could differ from these good faith estimates and judgments. 

Cash and Cash Equivalents

Cash and cash equivalents include cash in banks, money market funds, and certificates of term deposits with maturities of less than three months from inception, which are readily convertible to known amounts of cash and which, in the opinion of management, are subject to an insignificant risk of loss in value. The Company had $0 and $1,476 in cash and had no cash equivalent as of February 28, 2026, and August 31, 2025, respectively.

Inventory

The Company’s inventory consists of tennis equipment and golf carts. All inventory is finished goods. Inventories are stated at the lower of cost or net realizable value. The inventory is stored on-site at the Florida office of the Company. The Company utilizes first-in first-out for inventory items held. We periodically review inventories for obsolescence and any inventories identified as obsolete are written down. Although we believe that the assumptions we use to estimate inventory write-downs are reasonable, future changes in these assumptions could provide a significantly different result.

Revenue Recognition

Revenue is earned from the reselling of new and used sports equipment. The Company applies the following five steps in order to determine the appropriate amount of revenue to be recognized as it fulfills its obligations pursuant to each of its equipment sales transactions:

· identify the contract with a customer;

· identify the performance obligations in the contract;

· determine the transaction price;

· allocate the transaction price to performance obligations in the contract; and

· recognize revenue as the performance obligation is satisfied.

The Company operates as an online-only retailer and utilizes eBay Inc. (“eBay”) as its prime marketing channel. The Company currently relies on eBay, a third-party marketplace, to facilitate its sales. Such reliance on any third-party platform to generate revenues carries with it certain risks, including but not necessarily limited to the Company could violate the terms of service and lose its selling privileges, or the sites themselves could experience technical issues and/or fail. The Company always strives to abide by the policies of any third-party platform and endeavors to provide superior customer service.

Typical sales transactions are usually fulfilled within twenty-four (24) hours of completing the transaction online. Contracts stating the transaction price and our performance obligation to deliver the ordered products are deemed to be entered into via eBay at the time the customer submits payment, which is conducted through the PayPal payment platform. Due to the instantaneous nature of a customer submitting an order online at a stated price and the same or next business day shipment of product, the Company does not anticipate that variable consideration or contract assets or liabilities will arise in the normal course of business.

Revenues are recognized based on the sales contract price, ne of sales taxes, when control of the promised goods are transferred to a customer, in an amount that reflects the consideration that the Company expects to receive in exchange for those goods. Our contracted prices primarily include cost of inventory, shipping and handling, eBay commission fee and our margin, which varies depending on each item. We may provide incentives to our customers from time to time, including discounts, coupons and rewards, which are treated as a reduction in revenue. We may provide sales under a consignment for a client. When acting as an agent, where we do not take delivery of the inventory, we record all costs of sales as a reduction in revenue. The Company does not accept returns and clearly indicates this in our listings. However, if a customer receives an item that is not as described in the eBay listing, we must follow the eBay moneyback guarantee policy which obligates us to issue a full refund within three (3) business days. We do not provide an estimate for returns as we do not anticipate any returns in the normal course of business. 

Consignment Sales

The Company, as a consignee, provides a service to sell tennis racquets through its online marketplace with eBay. The Company retains a percentage of the proceeds received as payment for its consignment items, which the Company refers to as its ‘‘take rate.’’ The Company recognizes consignment revenue upon shipment of the consigned good to a customer as its performance obligation of providing consignment services to the consignor is satisfied at that point. The Company reports consignment revenue on a net basis as an agent and not the gross amount collected from a customer. Title to the consigned goods remain with the consignor until transferred to a customer after purchase of the consigned goods. In any event of damage or loss of consignment items, the Company will recognize an expense and will pay all related disbursements. The Company does not take the title of consigned goods at any time.

Other Sales

The Company purchases used golf carts as its own inventory for resale. The Company reports revenue on a gross basis from amounts collected from the customer upon transferring the product to the buyer.

Cost of Goods Sold

The cost of goods sold includes the following expenses: inventory costs and expenses related to eBay fees, repair, fuel and shipping services. 

Recent Accounting Pronouncements

The Company adopts new pronouncements relating to generally accepted accounting principles applicable to the Company as they are issued, which may be in advance of their effective date. Management does not believe that any recently issued, but not yet effective accounting standards, if currently adopted, would have a material effect on the accompanying financial statements.

Related Parties

The Company follows ASC 850, Related Party Disclosures, for the identification of related parties and disclosure of related party transactions.

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RELATED PARTY TRANSACTIONS

6 Months Ended

Feb. 28, 2026

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS

NOTE 3 – RELATED PARTY TRANSACTIONS

In support of the Company’s efforts and cash requirements, it may rely on advances from related parties until such a time that the Company can support its operations or attain adequate financing through sales of its equity or traditional debt financing. There is no formal written commitment for continued support by shareholders. 

During the six months ended February 28, 2025, the Company’s former CEO and Director advanced to the Company an amount of $56,423 by paying operating expenses on behalf of the Company, respectively.

During the six months ended February 28,2025, pursuant to a change in control dated September 23, 2024, the Company’s former CEO and Director forgave the outstanding balance of $73,823.

During the six months ended February 28, 2026, and 2025, the Company’s shareholder advanced to the Company an amount of $23,269 and $17,489 by paying for operating expenses on behalf of the Company, respectively.

As of February 28, 2026, and August 31, 2025, the Company was obligated to the current shareholder for a balance of $63,592 and $40,323, which is unsecured, non-interest-bearing and due on demand and has not been formalized by a promissory note, respectively.

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EQUITY

6 Months Ended

Feb. 28, 2026

EQUITY

EQUITY

NOTE 4 – EQUITY

Preferred Stock

The Company has authorized 20,000,000 shares of Preferred Stock with a par value of $0.001 per share. No preferred stock was issued or outstanding as of February 28, 2026, and August 31, 2025.

Common Stock

The Company has authorized 200,000,000 shares of Common Stock with a par value of $0.001 per share. Each common share entitles the holder to one vote, in person or proxy, on any matter on which action of the stockholders of the Corporation is sought. 

As of February 28, 2026, and August 31, 2025, the Company had 14,375,000 shares of Common Stock issued and outstanding.

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CONCENTRATION

6 Months Ended

Feb. 28, 2026

CONCENTRATION

CONCENTRATION

NOTE 5 – CONCENTRATION

As of February 28, 2026, and August 31, 2025, and for the six months ended February 28, 2026, and 2025, customer and supplier concentrations (more than 10%) were as follows:

Revenue

During the six months ended February 28, 2026, and 2025, one (1) customer represented 100% and one (1) customer represented 100% of our revenue of which each accounted for more than 10% of our revenue, respectively.

Purchases

During the six months ended February 28, 2026, the Company did not purchase golf cart. During the six months ended February 28,2025, one (1) supplier represented 100% of our purchases of which each accounted for more than 10% of our purchases. 

Accounts receivable

As of February 28, 2026, and August 31, 2025, the accounts receivable balances were nil.

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SUBSEQUENT EVENTS

6 Months Ended

Feb. 28, 2026

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS

NOTE 6- SUBSEQUENT EVENTS

The Company has evaluated events occurring subsequent to February 28, 2026, through the issuance of the financial statements and determined that there are no additional events requiring disclosure.

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

6 Months Ended

Feb. 28, 2026

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The accompanying unaudited financial statements have been prepared in accordance with GAAP for interim financial statements and with the instructions to Form 10-Q and Article 8 of Regulation S-X of the United States Securities and Exchange Commission (“SEC”). Accordingly, they do not contain all the information and footnotes required by GAAP for annual financial statements. In the opinion of the Company’s management, the accompanying unaudited financial statements contain all the adjustments necessary (consisting only of normal recurring accruals) to present the financial position of the Company as of February 28, 2026, and the results of operations and cash flows for the periods presented. The results of operations for the period ended February 28, 2026, are not necessarily indicative of the operating results for the full fiscal year or any future period. These unaudited financial statements should be read in conjunction with the financial statements and related notes thereto included in the Company’s Annual Report on Form 10-K for the year ended August 31, 2025, filed with the SEC on December 16, 2025.

Use of Estimates and Assumptions

The preparation of financial statements in conformity with GAAP 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. The estimates and judgments will also affect the reported amounts for certain revenues and expenses during the reporting period. Actual results could differ from these good faith estimates and judgments. 

Cash and Cash Equivalents

Cash and cash equivalents include cash in banks, money market funds, and certificates of term deposits with maturities of less than three months from inception, which are readily convertible to known amounts of cash and which, in the opinion of management, are subject to an insignificant risk of loss in value. The Company had $0 and $1,476 in cash and had no cash equivalent as of February 28, 2026, and August 31, 2025, respectively.

Inventory

The Company’s inventory consists of tennis equipment and golf carts. All inventory is finished goods. Inventories are stated at the lower of cost or net realizable value. The inventory is stored on-site at the Florida office of the Company. The Company utilizes first-in first-out for inventory items held. We periodically review inventories for obsolescence and any inventories identified as obsolete are written down. Although we believe that the assumptions we use to estimate inventory write-downs are reasonable, future changes in these assumptions could provide a significantly different result.

Revenue Recognition

Revenue is earned from the reselling of new and used sports equipment. The Company applies the following five steps in order to determine the appropriate amount of revenue to be recognized as it fulfills its obligations pursuant to each of its equipment sales transactions:

· identify the contract with a customer;

· identify the performance obligations in the contract;

· determine the transaction price;

· allocate the transaction price to performance obligations in the contract; and

· recognize revenue as the performance obligation is satisfied.

The Company operates as an online-only retailer and utilizes eBay Inc. (“eBay”) as its prime marketing channel. The Company currently relies on eBay, a third-party marketplace, to facilitate its sales. Such reliance on any third-party platform to generate revenues carries with it certain risks, including but not necessarily limited to the Company could violate the terms of service and lose its selling privileges, or the sites themselves could experience technical issues and/or fail. The Company always strives to abide by the policies of any third-party platform and endeavors to provide superior customer service.

Typical sales transactions are usually fulfilled within twenty-four (24) hours of completing the transaction online. Contracts stating the transaction price and our performance obligation to deliver the ordered products are deemed to be entered into via eBay at the time the customer submits payment, which is conducted through the PayPal payment platform. Due to the instantaneous nature of a customer submitting an order online at a stated price and the same or next business day shipment of product, the Company does not anticipate that variable consideration or contract assets or liabilities will arise in the normal course of business.

Revenues are recognized based on the sales contract price, ne of sales taxes, when control of the promised goods are transferred to a customer, in an amount that reflects the consideration that the Company expects to receive in exchange for those goods. Our contracted prices primarily include cost of inventory, shipping and handling, eBay commission fee and our margin, which varies depending on each item. We may provide incentives to our customers from time to time, including discounts, coupons and rewards, which are treated as a reduction in revenue. We may provide sales under a consignment for a client. When acting as an agent, where we do not take delivery of the inventory, we record all costs of sales as a reduction in revenue. The Company does not accept returns and clearly indicates this in our listings. However, if a customer receives an item that is not as described in the eBay listing, we must follow the eBay moneyback guarantee policy which obligates us to issue a full refund within three (3) business days. We do not provide an estimate for returns as we do not anticipate any returns in the normal course of business. 

Consignment Sales

The Company, as a consignee, provides a service to sell tennis racquets through its online marketplace with eBay. The Company retains a percentage of the proceeds received as payment for its consignment items, which the Company refers to as its ‘‘take rate.’’ The Company recognizes consignment revenue upon shipment of the consigned good to a customer as its performance obligation of providing consignment services to the consignor is satisfied at that point. The Company reports consignment revenue on a net basis as an agent and not the gross amount collected from a customer. Title to the consigned goods remain with the consignor until transferred to a customer after purchase of the consigned goods. In any event of damage or loss of consignment items, the Company will recognize an expense and will pay all related disbursements. The Company does not take the title of consigned goods at any time.

Other Sales

The Company purchases used golf carts as its own inventory for resale. The Company reports revenue on a gross basis from amounts collected from the customer upon transferring the product to the buyer.

Cost of Goods Sold

The cost of goods sold includes the following expenses: inventory costs and expenses related to eBay fees, repair, fuel and shipping services. 

Recent Accounting Pronouncements

The Company adopts new pronouncements relating to generally accepted accounting principles applicable to the Company as they are issued, which may be in advance of their effective date. Management does not believe that any recently issued, but not yet effective accounting standards, if currently adopted, would have a material effect on the accompanying financial statements.

Related Parties

The Company follows ASC 850, Related Party Disclosures, for the identification of related parties and disclosure of related party transactions.

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ORGANIZATION, DESCRIPTION OF BUSINESS AND GOING CONCERN (Details Narrative) - USD ($)	6 Months Ended
	Feb. 28, 2026	Aug. 31, 2025
Accumulated deficit	$ (214,889)	$ (192,966)
September 23, 2024 [Member]
Stock purchase agreements	stock purchase agreements for the sale of an aggregate of 10,000,000 shares of Common Stock of the Company, representing approximately 70% of the issued and outstanding shares of Common Stock

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	Feb. 28, 2026	Aug. 31, 2025
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Cash and cash equivalents	$ 0	$ 1,476

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RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	1 Months Ended	6 Months Ended
	Sep. 23, 2024	Feb. 28, 2026	Feb. 28, 2025	Aug. 31, 2025
Due to related parties		$ 23,269	$ 17,489
Promissory note		$ 63,592		$ 40,323
CEO and Director [Member]
Advance from related parties for operating expenses			$ 56,423
Debt forgiveness to related party	$ 73,823

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EQUITY (Details Narrative) - $ / shares	Feb. 28, 2026	Aug. 31, 2025
EQUITY
Preferred stock, shares authorized	20,000,000	20,000,000
Preferred stock, shares par value	$ 0.001	$ 0.001
Common stock, shares authorized	200,000,000	200,000,000
Common stock, shares par value	$ 0.001	$ 0.001
Common stock, shares issued	14,375,000	14,375,000
Common stock, shares outstanding	14,375,000	14,375,000

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CONCENTRATION (Details Narrative)	6 Months Ended
	Feb. 28, 2026	Feb. 28, 2025
Customer and supplier concentrations [Member]
Concentration	10.00%	10.00%
Revenue [Member] | 1 Customer
Concentration	100.00%	100.00%
Purchases [Member] | 1 Supplier
Concentration	100.00%	100.00%
Accounts receivable [Member]
Concentration	0.00%	0.00%