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 ~~June~~September 30, 2024

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

For the transition period from to

Commission File No. 333-234487

NOWTRANSIT INC.

(Exact name of registrant as specified in its charter)

Nevada

(State or Other Jurisdiction of

Incorporation or Organization)

7374

(Primary Standard Industrial

Classification Number)

98-1498782

(IRS Employer

Identification Number)

2722 South West Temple

Salt Lake City, UT 84115

(Address of principal executive offices)

Registrant’s telephone number, including area code: (801) 949-0791

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

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

Securities registered pursuant to Section 12(g) of the Act: Common stock, par value $0.0001

Indicate by check mark whether the registrant (1) filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the past 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 definition 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 checkmark 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 practicable date:

Class	Outstanding as of ~~July~~October 3028, 2024
Common Stock: $0.0001 par value	42,096,221

TABLE OF CONTENTS

PART 1	FINANCIAL INFORMATION
Item 1.	Financial Statements	34
	Condensed Consolidated Balance Sheets (unaudited)	35
	Condensed Consolidated Statements of Operations (unaudited)	46
	Condensed Consolidated Statement of Changes in Stockholders’ Equity (Deficit) (unaudited)	57
	Condensed Consolidated Statements of Cash Flows (unaudited)	68
	Notes to Financial Consolidated Statements (unaudited)	79
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	1114
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	1620
Item 4.	Controls and Procedures	1620
PART II	OTHER INFORMATION	1721
Item 1.	Legal Proceedings	1721
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	1721
Item 3.	Defaults Upon Senior Securities	1721
Item 4.	Mine Safety Disclosures	1721
Item 5.	Other Information	1721
Item 6.	Exhibits	1822
	Signatures	1923

Table of Contents

PART I. FINANCIAL INFORMATION

Item 1. Financial Statements

While the information presented in the accompanying financial statements is unaudited, it includes all adjustments which are, in the opinion of management, necessary to present fairly the financial position, results of operations and cash flows for the periods presented in accordance with the accounting principles generally accepted in the United States of America (“US GAAP”). In the opinion of management, all adjustments considered necessary for a fair presentation of the results of operations and financial position have been included and all such adjustments are of a normal recurring nature. Certain information and footnote disclosures normally included in financial statements prepared in accordance with US GAAP have been condensed or omitted. These financial statements should be read in conjunction with the Company's December 31, 2023 audited financial statements and notes thereto. Operating results for the ~~six~~nine months ended ~~June~~September 30, 2024 are not necessarily indicative of the results that can be expected for the year ending December 31, 2024.

NOWTRANSIT INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

	June 30,			December 31,
	2024			2023
	(Unaudited)
ASSETS
Current Assets
Cash and cash equivalents	$	143,922		$	19,238
Accounts receivable, net		27,630			36,448
Inventory		40,603			37,702
Prepaid rent		1,435			-
Total current assets		213,590			93,388
Total Assets	$	213,590		$	93,388
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
Current Liabilities
Accounts payable	$	7,011		$	7,675
Due to related parties		15,498			87,074
Accrued services		2,000			1,450
Deferred revenue		-			3,949
Total current liabilities		24,509			100,148
STOCKHOLDERS' EQUITY (DEFICIT)
Preferred stock: $0.0001 par value, 5,000,000 shares authorized; 1,000,000 designated Series A Convertible		-			-
Preferred stock: Series A Convertible: $0.0001 par value, 140,000 shares issued and outstanding at June 30, 2024 and December 31, 2023		14			14
Common stock: $0.0001 par value, 75,000,000 shares authorized; 41,596,221 and 40,896,221 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively		4,159			4,089
Additional paid-in capital		592,150			417,220
Accumulated deficit		(407,242	)		(428,083	)
Total stockholders' equity (deficit)		189,081			(6,760	)
Total Liabilities and Stockholders' Equity (Deficit)	$	213,590		$	93,388

See accompanying notes to the unaudited condensed consolidated financial statements.

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NOWTRANSIT INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

	For the Three Months Ended						For the Six Months Ended
	June 30,						June 30,
	2024			2023			2024			2023
Revenues	$	384,170		$	69,465		$	661,771		$	101,802
Cost of goods sold		(73,794	)		(9,499	)		(116,632	)		(14,245	)
Gross profit		310,376			59,966			545,139			87,557
Operating Expenses:
General and administrative expenses		222,654			138,728			500,948			231,035
Consulting fees		13,500			6,500			23,350			12,500
Total Operating Expenses		236,154			145,228			524,298			243,535
Income (Loss) from Operations		74,222			(85,262	)		20,841			(155,978	)
Net Income (Loss)		74,222			(85,262	)		20,841			(155,978	)
Net loss per common share - basic and diluted	$	0.00		$	(0.00	)	$	0.00		$	(0.01	)
Weighted average common shares outstanding - basic and diluted		41,596,221			39,841,872			41,494,023			26,775,330

See accompanying notes to the unaudited condensed consolidated financial statements.

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NOWTRANSIT INC. CONDENSED CONSOLIDATED BALANCE SHEETS

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT)

	September 30,			December 31,
	2024			2023
	(Unaudited)
ASSETS
Current Assets
Cash and cash equivalents	$	333,220		$	19,238
Accounts receivable, net		31,913			36,448
Inventory		42,225			37,702
Prepaid rent		1,435			-
Total current assets		408,793			93,388
Other Assets
Intangible assets		7,037			-
Total Assets	$	415,830		$	93,388

LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
Current Liabilities
Accounts payable	$	8,447		$	7,675
Due to related parties		34,600			87,074
Accrued services		2,500			1,450
Deferred revenue		-			3,949
Total current liabilities		45,547			100,148

STOCKHOLDERS' EQUITY (DEFICIT)
Preferred stock: $0.0001 par value, 5,000,000 shares authorized; 1,000,000 designated Series A Convertible		-			-
Preferred stock: Series A Convertible: $0.0001 par value, 140,000 shares issued and outstanding at September 30, 2024 and December 31, 2023		14			14
Common stock: $0.0001 par value, 75,000,000 shares authorized; 42,096,221 and 40,896,221 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively		4,209			4,089
Additional paid-in capital		717,100			417,220
Accumulated deficit		(351,040	)		(428,083	)
Total stockholders' equity (deficit)		370,283			(6,760	)
Total Liabilities and Stockholders' Equity (Deficit)	$	415,830		$	93,388

FOR THE THREE AND SIX MONTHS ENDED

JUNE 30, 2024 & 2023

(Unaudited)

	Series A								Additional
	Preferred Stock				Common Stock				Paid-in			Accumulated
	Shares		Amount		Shares		Amount		Capital			Deficit			Total
Balance at December 31, 2022		140,000	$	14		5,461,500	$	546	$	158,840		$	(176,583	)	$	(17,183	)
Recapitalization March 10, 2023		-		-		34,371,100		3,437		(4,528	)		-			(1,091	)
Net loss		-		-		-		-		-			(70,716	)		(70,716	)
Balance at March 31, 2023		140,000		14		39,832,600		3,983		154,312			(247,299	)		(88,990	)
Common stock issued for cash		-		-		480,000		48		119,952			-			120,000
Net loss		-		-		-		-		-			(85,262	)		(85,262	)
Balance as June 30, 2023		140,000	$	14		40,312,600	$	4,031	$	274,264		$	(332,561	)	$	(54,252	)
Balance at December 31, 2023		140,000	$	14		40,896,221	$	4,089	$	417,220		$	(428,083	)	$	(6,760	)
Common shares issued for cash		-		-		700,000		70		174,930			-			175,000
Net loss		-		-		-		-		-			(53,381	)		(53,381	)
Balance at March 31, 2024		140,000		14		41,596,221		4,159		592,150			(481,464	)		114,859
Net Income		-		-		-		-		-			74,222			74,222
Balance as June 30, 2024		140,000	$	14		41,596,221	$	4,159	$	592,150		$	(407,242	)	$	189,081

See accompanying notes to the unaudited condensed consolidated financial statements.

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NOWTRANSIT INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

	For the Three Months Ended						For the Nine Months Ended
	September 30,						September 30,
	2024			2023			2024			2023

Revenues	$	572,973		$	192,165		$	1,234,744		$	293,967
Cost of goods sold		(148,233	)		(31,826	)		(264,865	)		(46,071	)
Gross profit		424,740			160,339			969,879			247,896

Operating Expenses:
General and administrative expenses		345,288			210,285			846,236			441,320
Consulting fees		23,250			7,200			46,600			19,700
Total Operating Expenses		368,538			217,485			892,836			461,020

Income (Loss) from Operations		56,202			(57,146	)		77,043			(213,124	)

Income Tax Expense		-			-			-			-

Net Income (Loss)	$	56,202		$	(57,146	)	$	77,043		$	(213,124	)

Net loss per common share - basic and diluted	$	0.00		$	(0.00	)	$	0.00		$	(0.01	)

Weighted average common shares outstanding - basic and diluted		42,090,786			40,362,767			41,694,396			31,425,252

(Unaudited)

	For the Six Months Ended
	June 30,
	2024			2023
Cash Flows From Operating Activities
Net Income (Loss)	$	20,841		$	(155,978	)
Adjustments to reconcile net loss to net cash used in operating activities
Changes in operating activities
Accounts receivable		8,818			(8,059	)
Inventory		(2,901	)		(3,552	)
Prepaid expenses		(1,435	)		(1,000	)
Accounts payable		(664	)		(12,418	)
Accrued services		550			-
Deferred revenue		(3,949	)		-
Net Cash Provided by (Used in) Operating Activities		21,260			(181,007	)
Cash Flows From Investing Activities		-			-
Cash Flows From Financing Activities
Advances from related party		418,424			180,574
Repayment to related parties		(490,000	)		(109,612	)
Cash acquired in recapitalization		-			8,793
Stock issued for cash		175,000			120,000
Net Cash Provided by Financing Activities		103,424			199,755
Net Increase in Cash		124,684			18,748
Cash at Beginning of Period		19,238			11,569
Cash at End of Period	$	143,922		$	30,317
Supplemental Cash Flow Information:
Cash paid for interest	$	-		$	-
Cash paid for income taxes	$	-		$	-

See accompanying notes to the unaudited condensed consolidated financial statements.

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NOWTRANSIT INC.

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT)

FOR THE NINE MONTHS ENDED

SEPTEMBER 30, 2024 & 2023

(Unaudited)

	Series A								Additional
	Preferred Stock				Common Stock				Paid-in			Accumulated
	Shares		Amount		Shares		Amount		Capital			Deficit			Total

Balance at December 31, 2022		140,000	$	14		5,461,500	$	546	$	158,840		$	(176,583	)	$	(17,183	)
Recapitalization March 10, 2023		-		-		34,371,100		3,437		(4,528	)		-			(1,091	)
Net loss		-		-		-		-		-			(70,716	)		(70,716	)
Balance at March 31, 2023		140,000		14		39,832,600		3,983		154,312			(247,299	)		(88,990	)
Common shares issued for cash		-		-		480,000		48		119,952			-			120,000
Net loss		-		-		-		-		-			(85,262	)		(85,262	)
Balance as June 30, 2023		140,000		14		40,312,600		4,031		274,264			(332,561	)		(54,252	)
Common shares issued for cash		-		-		480,000		48		119,952			-			120,000
Net loss		-		-		-		-		-			(57,146	)		(57,146	)
Balance as of September 30, 2023		140,000	$	14		40,792,600	$	4,079	$	394,216		$	(389,707	)	$	8,602

Balance at December 31, 2023		140,000	$	14		40,896,221	$	4,089	$	417,220		$	(428,083	)	$	(6,760	)
Common shares issued for cash		-		-		700,000		70		174,930			-			175,000
Net loss		-		-		-		-		-			(53,381	)		(53,381	)
Balance at March 31, 2024		140,000		14		41,596,221		4,159		592,150			(481,464	)		114,859
Net income		-		-		-		-		-			74,222			74,222
Balance as June 30, 2024		140,000		14		41,596,221		4,159		592,150			(407,242	)		189,081
Common shares issued for cash		-		-		500,000		50		124,950			-			125,000
Net income		-		-		-		-		-			56,202			56,202
Balance as of September 30, 2024		140,000	$	14		42,096,221	$	4,209	$	717,100		$	(351,040	)	$	370,283

See accompanying notes to the unaudited condensed consolidated financial statements.

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NOWTRANSIT INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

	For the Nine Months Ended
	September 30,
	2024			2023

Cash Flows From Operating Activities
Net Income (Loss)	$	77,043		$	(213,124	)
Adjustments to reconcile net loss to net cash used in operating activities		-			-
Changes in operating activities:
Accounts receivable		4,535			(10,955	)
Inventory		(4,523	)		(22,019	)
Prepaid expenses		(1,435	)		-
Deferred revenue		(3,949	)		-
Accrued services		1,050			-
Accounts payable		772			(5,287	)
Net Cash Provided by (Used in) Operating Activities		73,493			(251,385	)

Cash Flows From Investing Activities
Purchase of intangible assets		(7,037	)		-
Net Cash Used in Investing Activities		(7,037	)		-


Cash Flows From Financing Activities
Advances from related parties		692,746			357,173
Repayment to related parties		(745,220	)		(324,162	)
Cash acquired in recapitalization		-			8,793
Stock issued for cash		300,000			240,000
Net Cash Provided by Financing Activities		247,526			281,804
Net Increase in Cash		313,982			30,419
Cash at Beginning of Period		19,238			11,569
Cash at End of Period	$	333,220		$	41,988

Supplemental Cash Flow Information:
Cash paid for interest	$	-		$	-
Cash paid for income taxes	$	-		$	-

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NOWTRANSIT INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

~~JUNE~~SEPTEMBER 30, 2024

(Unaudited)

Note 1 - Nature of Organization

Nowtransit Inc. (the “Company,” “us,” “we,” “Nowtransit”) was incorporated in the State of Nevada on July 8, 2019. Through March 10, 2023 we had no operations and had not generated any material revenues since inception. Effective March 10, 2023, we closed on a Share Exchange Agreement with Best 365 Labs Inc. (“Best”), a Nevada corporation, wherein we acquired all of the shares of Best and Best became a wholly owned subsidiary of the Company (see Note 2).

Best was incorporated on October 12, 2021 in the State of Nevada. Best sells clinically-tested, affordably priced products to naturally battle the onslaught of bacteria and viruses through online sales and in various other distribution channels. Presently, the Company is selling Be On-Guard Mouth Spray, Be On-Guard Nasal Spray, Be On-Guard Brain Fog Support, ADHD 365 maximum brain support, EZ Safer Surface Cleaner, NeuroPro Plus a patent pending combination of pharmaceutical grade methylene blue and vitamin C, TBI-365 to elevate your brain health and wellness with pharmaceutical grade methylene blue, glucine, nac and niacinamide and Metabolism+ to enhance your metabolism.

Note 2 - Reorganization & Recapitalization

On February 13, 2023, Nowtransit entered into a Share Exchange Agreement with Best and the shareholders of Best who collectively owned 9,588,000 shares of Best common stock, or 100% of the outstanding shares of Best common stock. The transaction consummated on March 10, 2023 (the “Closing”).

Upon the Closing, the Company issued the Best shareholders 34,371,100 shares of the Company’s common stock (see Note 6), representing approximately 85.39% of the shares of the Company’s common stock to be outstanding, in exchange for all of the shares of Best common stock held by Best shareholders. The transaction was accounted for as a reserve merger by Nowtransit and resulted in a recapitalization with Best being the accounting acquirer and Nowtransit being the accounting acquiree. As such, the consolidated financial statements presented are the historical financial statements of Best with retroactive adjustments to reflect the equity of Nowtransit, and the operations of Nowtransit from March 10, 2023, the effective date of the merger. Since Nowtransit was the legal acquirer, the resulting financial statements are in the name of Nowtransit. All share and per share information in the accompanying condensed consolidated financial statements and footnotes have been retroactively restated to reflect the recapitalization.

The following table summarizes the assets acquired and the liabilities assumed at the acquisition date of March 10, 2023:

Cash	$	8,793
Accounts Payable		(10,856	)
Credit Card Liability		(1,014	)
Net Assets (Liabilities) Assumed	$	(3,077	)

Had Nowtransit and Best been combined since January 1, 2023 they would have reported revenues of $~~101~~293,~~802~~967, gross profit of $87247,~~557~~896, total operating expenses of $~~262~~480,~~645~~130, and a net loss of $~~175~~232,~~088~~234 for the ~~six~~nine months ended ~~June~~September 30, 2023.

Note 3 - Going Concern

The condensed consolidated financial statements have been prepared on a going concern basis which assumes the Company will continue as a going concern, which contemplates continuity of operations, realization of assets, and liquidation of liabilities in the normal course of business.

As reflected in the condensed consolidated financial statements, the Company has generated revenues resulting in a net income during the six months ended June 30, 2024 and is showing total assets in excess of total liabilities as of June 30, 2024. However, in the past the Company has reported losses and cash used in operating activities, thus resulting in an accumulated deficit of $407,242 as of June 30, 2024. Additionally, over time the Company has relied on advances from related parties and proceeds from the sale of stock, therefore has not yet developed a proven track record of profitability. These factors raise substantial doubt about the Company’s ability to continue as a going concern.9

The Company is engaged in full-scale operations and generate sufficient revenue; however, the Company’s cash position may not be sufficient to support the Company’s daily operations long-term. Management intends to raise additional funds by way of a private or public offering. While the Company believes in the viability of its strategy to commence operations and generate sufficient revenue and in its ability to raise additional funds, there can be no assurances to that effect. The ability of the Company to continue as a going concern is dependent upon the Company’s ability to further implement its business plan and generate sufficient revenue and its ability to raise additional funds by way of a public or private offering.

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As reflected in the condensed consolidated financial statements, the Company has generated revenues resulting in a net income during the nine months ended September 30, 2024. However, in the past the Company has reported losses and cash used in operating activities, thus resulting in an accumulated deficit of $351,040 as of September 30, 2024. Additionally, over time the Company has relied on advances from related parties and proceeds from the sale of stock, therefore has not yet developed a proven track record of profitability. These factors raise substantial doubt about the Company’s ability to continue as a going concern.

Note 4 - Summary of Significant Accounting Policies

Basis of Presentation

The accompanying unaudited condensed consolidated financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America (“US GAAP”) and with the rules and regulations of the Securities and Exchange Commission, including the instructions to Form 10-Q ~~and19~~and Regulation S-X. Certain information and note disclosures normally included in financial statements prepared in accordance with US GAAP, have been condensed or omitted from these statements pursuant to such rules and regulations and, accordingly, they do not include all the information and notes necessary for comprehensive financial statements and should be read in conjunction with our audited financial statements. The financial statements are presented in US dollars and the Company has adopted a December 31 year end.

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 the financial statements and the reported amount of revenues and expenses. Actual results could differ from those estimates.

Cash and Cash Equivalents

Cash and cash equivalents include cash on hand, cash in banks and any highly liquid investments with a maturity of three months or less to the extent the funds are not being held for investment purposes. As of ~~June~~September 30, 2024 and December 31, 2023, the Company had no cash equivalents.

The Company maintains one account at Wells Fargo Bank. Accounts at this institution are insured by the Federal Deposit Insurance Corporation up to $250,000.

Accounts Receivable and Allowance for Doubtful Accounts

The Company reviews accounts receivable periodically for collectability and establishes an allowance for doubtful accounts and records bad debt expense when deemed necessary. The Company records an allowance for doubtful accounts that is based on historical trends, customer knowledge, any known disputes, and considers the aging of the accounts receivable balances combined with management’s estimate of future potential recoverability. Accounts and receivables are written off against the allowance after all attempts to collect a receivable have failed. As of ~~June~~September 30, 2024 and December 31, 2023, the allowance for doubtful accounts was $0.

Inventory

The Company’s inventory is recognized in accordance with Accounting Standards Codification (“ASC”) 303. The Company uses the lower of cost (determined using the first-in, first-out method) or net realizable value for valuing inventories. As of ~~June~~September 30, 2024 and December 31, 2023, the Company had $4042,~~603~~225 and $37,702 of finished goods on hand, respectively.

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Income Taxes

The provision for income taxes and deferred income taxes are determined using the asset and liability method. Deferred tax assets and liabilities are determined based on temporary differences between the financial carrying amounts and the tax basis of assets and liabilities using enacted tax rates in effect in the years in which the temporary differences are expected to reverse. On a periodic basis, the Company assesses the probability that its net deferred tax assets, if any, will be recovered. If after evaluating all of the positive and negative evidence, a conclusion is made that it is more likely than not that some portion or all of the net deferred tax assets will not be recovered, a valuation allowance is provided by a charge to tax expense to reserve the portion of the deferred tax assets which are not expected to be realized.

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Revenue Recognition

The Company’s revenue is recognized in accordance with Accounting Standards Codification 606. ~~The~~and ~~Company, through its online websites,~~ operates in the ~~Immune~~immune health supplement market. ~~In addition to the website the Company has a Seller Central listing with Amazon and sells three products through the Amazon online platform.~~ The Company offers products – Be-OnGuard Nasal Spray used against nasal bacteria, viruses and allergens; Be-OnGuard Mouth Spray used against oral bacteria, viruses and allergens; and Be-OnGuard EZ Safer Air used against airborne bacteria, viruses and allergens; Be On-Guard Brain Fog Support; and ADHD 365 maximum strength brain support. The Company’s performance obligation is to deliver product to customers therefore revenue is recognized once delivery occurs. Customers will remit payment at the time of order placement, therefore payment received by the Company prior to product delivery is recorded as deferred revenue. As of ~~June~~September 30, 2024 and December 31, 2023 deferred revenue was $0 and $3,949~~, respectively~~. Shipping and handling costs that occur are paid by the customer and is not recorded as revenue. The Company’s has a policy to provide a refund on any product returned by the customer.

Advertising Costs

Advertising costs are expensed as incurred. During the ~~six~~nine months ended ~~June~~September 30, 2024 and 2023, the Company incurred advertising costs of $~~106~~153,~~804~~806 and $4793,~~675~~755, respectively.

Research and Development

The Company charges research and development costs to expense when incurred. During the nine months ended September 30, 2024 and 2023, the Company incurred $29,808 and $0 in research and development expenses, respectively.

Intangible Assets

The Company accounts for its intangible assets in accordance with ASC 350. Costs incurred to renew or extend the term of intangible assets are expensed as incurred.

Near the end of the nine months ended September 30, 2024, the Company incurred $7,037 to file certain patent applications that showcase the Company’s innovative approach to health and wellness solutions. The patent costs were capitalized and will be amortized on a straight-line basis over its estimated useful life of 20 years. During the nine months ended September 30, 2024 and 2023 no amortization expense was recorded. Amortization expense of $88 is expected for the year ended December 31, 2024, $352 for each of the years ended December 31, 2025 through 2028, and $5,541 for the year ended December 31, 2029 and beyond.

As of September 30, 2024 the Company’s provisional patent applications include the following:

	1.	“Methylthioninium Salt-Containing Compositions and Methods” (Serial No. 63/560,474)
		This application likely focuses on novel formulations and applications of methylthioninium salts, commonly known as methylene blue. Methylene blue has gained attention for its potential therapeutic benefits, including its role in mitochondrial function and cellular energy production. The patent may cover unique compositions, delivery methods, or specific applications of methylthioninium salts for health and wellness purposes.

	2.	“Compositions and Methods for Supporting Mitochondrial Health” (Serial No. 63/698,301)
		This application appears to address broader aspects of mitochondrial health support. It may encompass a range of compounds, formulations, or methods designed to enhance mitochondrial function, which is crucial for cellular energy production and overall health. The patent could potentially cover innovative combinations of ingredients, delivery systems, or treatment protocols aimed at optimizing mitochondrial performance. These provisional patent applications demonstrate Best 365 Labs' commitment to developing cutting-edge solutions in the fields of cellular health and energy metabolism. By focusing on mitochondrial function and utilizing compounds like methylthioninium salts, the company is positioning itself at the forefront of research into novel approaches for enhancing overall health and well-being.

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Impairment of Long-lived Assets

The Company applies the provisions of ASC 360, where applicable, to all long-lived assets and periodically evaluates the carrying value of long-lived assets to be held and used for impairment. Impairment losses are recorded on long-lived assets used in operations when indicators of impairment are present and the undiscounted cash flows estimated to be generated by those assets are less than the assets’ carrying amounts. In that event, a loss is recognized based on the amount by which the carrying amount exceeds the fair market value of the long-lived assets. Loss on long-lived assets to be disposed of is determined in a similar manner, except that fair market values are reduced for the cost of disposal. When long-lived assets are sold or retired, the related cost and accumulated depreciation or amortization are removed from the accounts and any gain or loss is included in the results of operations. During the nine months ended September 30, 2024 and 2023, the Company recorded no impairment expense for their long-lived assets.

Leases

The Company follows the provisions of ASC 842, and records right-of-use ("“ROU"”) assets and lease obligations for its operating leases, which are initially recognized based on the discounted future lease payments over the term of the lease. If the rate implicit in the Company's leases is not readily determinable, the Company's applicable incremental borrowing rate is used in calculating the present value of the sum of the lease payments. The lease term is defined as the non-cancelable period of the lease plus any options to extend or terminate the lease when it is reasonably certain that the Company will exercise the option.

The Company has elected not to recognize ROU asset and lease obligations for its short-term leases, which are defined as leases with an initial term of 12 months or less.

During the ~~six~~nine months ended ~~June~~September 30, 2024 and 2023, the Company had a month-to-month rental agreement for their office and inventory space and paid rent expense of $812,~~610~~915 and $37,~~584,~~019 respectively.

Net Income (Loss) per Common Share

Net income (loss) per common share is computed pursuant to section 260-10-45 of the FASB Accounting Standards Codification. Basic net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period. Diluted net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock and potentially dilutive outstanding shares of common stock during the period to reflect the potential dilution that could occur from common shares issuable through contingent share arrangements, stock options and warrants. There were no potentially dilutive common shares outstanding as of ~~June~~September 30, 2024 or 2023, therefore the basic and diluted weighted average common shares outstanding and net loss per common share are the same.

Recent Accounting Pronouncements

The Company has reviewed all the recent accounting pronouncements issued to date of the issuance of these financial statements and has determined that there have been no standards that had, or will have, a material impact on its consolidated financial statements.

Note 5 - Related Party Transactions

In support of the Company’s efforts and cash requirements, it may rely on advances from related parties until such time that the Company can support its operations or attains adequate financing through sales of its equity or traditional debt financing. Amounts represent advances or amounts paid in satisfaction of liabilities.

During the ~~six~~nine months ended ~~June~~September 30, 2024 the Company received advances of $~~418~~692,~~424~~746 from Ageless Holdings, LLC (“Ageless”), an entity owned and controlled by the Company’s members of management and board of directors, which included the purchase of $~~129~~285,~~766~~463 worth of inventory from Ageless and $~~288~~407,~~658~~283 to pay for operating expenses. Additionally, the Company paid back $~~490~~745,~~000~~220 of the advances.

9As of September 30, 2024 and December 31, 2023, the Company owed related parties a total of $34,600 and $87,074, respectively.

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As of June 30, 2024 and December 31, 2023, the Company owed related parties a total of $15,498 and $87,074, respectively.

Note 6 - Equity

Common Stock

The Company has 75,000,000, $0.0001 par value shares of voting common stock authorized.

During the three months ended ~~June~~September 30, 2024, ~~there~~the ~~were~~Company noissued ~~issuances~~500,000 shares of common stock for cash proceeds of $125,000.

During the three months ended March 31, 2024, the Company issued 700,000 shares of common stock for cash proceeds of $175,000.

During the three months ended September 30, 2023, the Company issued 480,000 shares of common stock for cash proceeds of $120,000.

During the three months ended June 30, 2023, the Company issued 480,000 common shares for cash proceeds of $120,000.

During the three months ended March 31, 2023, the Company issued 34,371,100 shares of common stock to Best shareholders in exchange for all of the shares of Best common stock (see Note 2) resulting in an increase in common stock of $3,437 and a decrease in additional paid-in-capital of $4,528.

As of ~~June~~September 30, 2024 and December 31, 2023, the Company had 4142,~~596~~096,221 and 40,896,221 shares of common stock issued and outstanding, respectfully.

Preferred Stock

On October 19, 2021, the Company filed a Certificate of Amendment to its Articles of Incorporation authorizing up to 5,000,000 shares of Preferred Stock, par value $0.0001 per share, with such rights, preferences and limitations as may be set forth in resolutions adopted by the Board of Directors. On November 1, 2021, the Company filed a Certificate of Designation designating 1,000,000 shares of Preferred Stock as Series A Convertible Preferred Stock (the “Series A”). Each share of the Series A is convertible into three shares of the Company’s common stock at the holder's election, subject to a 4.99% beneficial ownership limitation which may be increased to 9.99% upon 61 days’ notice.

During the ~~six~~nine months ended ~~June~~September 30, 2024 and 2023 there were no issuances of preferred stock. As of ~~June~~September 30, 2024 and December 31, 2023, the Company had 140,000 shares of Series A Convertible Preferred Stock outstanding.

Note 7 - Subsequent Events

The Company has evaluated all events that occur after the balance sheet date through ~~June~~October 3028, 2024, the date when the financial statements were available to be issued, to determine if they must be reported. ~~The~~Management ~~management~~ of the Company determined that there are no material subsequent events to be disclosed other than those described below.

Subsequent to ~~June~~September 30, 2024, the Company received advances of $4442,~~676~~ 473 from related parties and made repayments of $~~262~~82,~~700. On July 1, the Company issued~~ 500~~,000 common shares for $125,000~~.

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

Cautionary Note Regarding Forward Looking Statements

This Report contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our discussions and the anticipated terms of a potential reverse merger pursuant to which we would acquire an operating business, our business plan and our liquidity needs. All statements other than statements of historical facts contained in this Report, including statements regarding our future financial position, liquidity, business strategy and plans and objectives of management for future operations, are forward-looking statements. The words “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “could,” “target,” “potential,” “is likely,” “will,” “expect” and similar expressions, as they relate to us, are intended to identify forward-looking statements. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs.

The results anticipated by any or all of these forward-looking statements might not occur. Important factors, uncertainties and risks that may cause actual results to differ materially from these forward-looking statements include those described elsewhere in this Report and in our Annual Report on Form 10-K for the fiscal year ended December 31, 2023 under “Item 1A. – Risk Factors.” We undertake no obligation to publicly update or revise any forward-looking statements, whether as the result of new information, future events or otherwise.

Overview

As a leadership team we are optimistic and excited about our opportunities to carve out very profitable positions in the marketplace through our patent-pending Methylene Blue products along with our additional specialty product offerings. The market opportunities we are targeting includes: Dementia and Alzheimer’s disease, ADHD and ADD, Long Covid, General Energy, Traumatic Brain Injury, Mild Cognitive Decline, GLP-1 Weight Loss, Sleep Improvement, Epilepsy and Seizure Reduction and Nasal Health and Allergy.

A trend that we believe is very beneficial and encouraging is the recent growing interest in mitochondria health and the role that mitochondria dysfunction plays in mental health and physical health issues. Methylene Blue and specialty natural options has emerged as valuable foundational health options on these fronts. We believe we are very well positioned and with adequate capital infusion we will be able to capitalize on multiple market opportunities.

The ability of the Company to continue as a going concern is dependent upon the Company’s ability to further implement its business plan and generate sufficient revenue and its ability to raise additional funds by way of a public or private offering

Plan of Operation

On February 13, 2023, Nowtransit Inc. entered into the Exchange Agreement with Best 365 Labs Inc. (“Best”) and the shareholders of Best who collectively owned 9,588,000 shares of Best common stock, or 100% of the outstanding shares of Best common stock. The transaction consummated on March 10, 2023 (the “Closing”).

Upon the Closing, the Company issued the Best shareholders 34,371,100 shares of the Company’s common stock, representing approximately 85.39% of the shares of the Company’s common stock to be outstanding, in exchange for all of the shares of Best common stock held by Best shareholders. The transaction was accounted for as a reserve merger. Best was the accounting acquirer and Nowtransit the accounting acquiree. As such, the consolidated financial statements presented are the historical financial statements of Best with retroactive adjustments to reflect the equity of Nowtransit. Since Nowtransit was the legal acquirer, the resulting financial statements are in the name of Nowtransit.

During the next 12 month period, the Company will continue to market and sell clinically-tested, affordably priced products to naturally battle the onslaught of bacteria and viruses through online sales and in various other distribution channels. Presently, the Company is marketing Be On-Guard Mouth Spray, Be On-Guard Nasal Spray, EZ Safer Surface Cleaner, Be On-Guard Brain Fog Support and ADHD 365 maximum strength brain support, NeuroPro Plus a patent pending combination of pharmaceutical grade methylene blue and vitamin C, TBI-365 to elevate your brain health and wellness with pharmaceutical grade methylene blue, glucine, nac and niacinamide and Metabolism+ to enhance your metabolism.

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CRITICAL ACCOUNTING POLICIES AND ESTIMATES

Management’s discussion and analysis and results of operations are based upon our accompanying financial statements for the ~~six~~nine and three months ended ~~June~~September 30, 2024, which have been prepared in conformity with U.S. generally accepted accounting principles, or U.S. GAAP, and which requires us to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue and expenses, and related disclosure of contingent assets and liabilities. Note 34. Summary of Significant Accounting Policies, to the financial statements included in Part I, Item 1 of this Quarterly Report on Form 10-Q, describes the significant accounting policies and methods used in the preparation of the Company’s financial statements. We base our estimates on historical experience and on various other assumptions that we believe are reasonable under the circumstances. These estimates are the basis for our judgments about the carrying values of assets and liabilities, which in turn may impact our reported revenue and expenses. Our actual results could differ significantly from these estimates under different assumptions or conditions.

Results Of Operations

THREE MONTHS ENDED ~~JUNE~~SEPTEMBER 30, 2024 COMPARED TO ~~JUNE~~SEPTEMBER 30, 2023

Our net income for the three months ended ~~June~~September 30, 2024 was $7456,~~222,~~202 compared to a net loss of $8557,~~262~~146 during the three months ended ~~June~~September 30, 2023. The Company has generated revenue of $~~384~~572,~~170~~973 and $69192,~~465~~165 during the three months ended ~~June~~September 30, 2024 and 2023, respectively. The increase in revenue over time is due to Company growth and increased sales and marketing efforts, which also explains the change from period to period. Expenses ~~Operating~~incurred were general administrative expenses ~~were~~of $~~236~~345,~~154~~288 during the three months ended ~~June~~September 30, 2024, compared to $~~145~~210,~~228~~285 during the three months ended ~~June~~September 30, 2023. ~~The~~and ~~increase in operating expenses~~ was due to the overall growth of the Company and its operations in conjunction with ~~our~~its increase in revenues.

~~SIX~~NINE MONTHS ENDED ~~JUNE~~SEPTEMBER 30, 2024 COMPARED TO ~~JUNE~~SEPTEMBER 30, 2023

Our net income for the ~~six~~nine months ended ~~June~~September 30, 2024 was $2077,~~841~~043, compared to a net loss of $~~155~~213,~~978~~124 during the ~~six~~nine months ended ~~June~~September 30, 2023. The Company has generated revenue of $~~661~~1,~~771~~234,744 and $~~101~~293,~~802~~967 during the ~~six~~nine months ended ~~June~~September 30, 2024 and 2023, respectively, due to overall Company growth. The increase in net income was due to anCompany ~~increase~~growth inand increased sales and marketing efforts. ~~Operating~~Expenses ~~expenses~~incurred were general administrative expenses of $~~524~~846,~~298~~236 during the ~~six~~nine months ended ~~June~~September 30, 2024, compared to $~~243~~441,~~535~~320 during the ~~six~~nine months ended ~~June~~September 30, 2023. ~~The~~which ~~increase in operating expenses~~ was due to the overall growth of the Company and its operations in conjunction with ~~our~~its increase in revenues.

LIQUIDITY AND CAPITAL RESOURCES

As of ~~June~~September 30, 2024, our total assets were $~~213~~415,~~590~~830, consisting of cash, accounts receivable, inventory, prepaid expenses, and ~~inventory~~intangible assets.

Cash Flows from Operating Activities

We have generated positive cash flows from operating activities. For the ~~six~~nine months ended ~~June~~September 30, 2024, net cash flows ~~generated~~used in operating activities was $2173,~~260~~493, consisting of our net income of $2077,~~841~~043 ~~and~~offset by changes in operating activities of $~~419~~3,550. For the ~~six~~nine months ended ~~June~~September 30, 2023, net cash flows used in operating activities was $~~181~~251,~~007~~385, consisting of our net loss of $~~155~~213,~~978~~124 plus ~~net~~ changes in operating activities of $2538,~~029~~261.

Cash Flows from Investing Activities

WeFor ~~have~~the ~~not~~nine ~~engaged~~months inended ~~any~~September 30, 2024, we had net cash used in investing activities ~~since~~of ~~our~~$7,037 ~~inception~~in connection with the purchase of intangible assets. For the nine months ended September 30, 2023, we had no cash flows used in or provided by investing activities.

Cash Flows from Financing Activities

For the ~~six~~nine months ended ~~June~~September 30, 2024 net cash flows provided by financing activities was $~~103~~247,~~424~~526, consisting of ~~advances from related parties of~~ $~~418~~692,~~424~~746 ~~offset~~in byadvances ~~repayments~~from to related parties ~~of $490,000,~~ and $~~175~~300,000 of cash acquired for issuing common stock, offset by repayments to related parties of $745,220. For the ~~six~~nine months ended ~~June~~September 30, 2023, net cash flows provided by financing activities was $~~199~~281,~~755~~804, consisting of cash acquired in recapitalization of $8,793, advances from related parties of $~~180~~357,~~574~~173, ~~offset by repayments to related parties of $109,612,~~ and $~~120~~240,000 of cash acquired for issuing common stock, offset by repayments to related parties of $324,162.

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PLAN OF OPERATION AND FUNDING

Currently, the Company is in the process of offering a private placement to accredited investors to raise up to $1,000,000. Once the private placement is complete the Company will begin the process of preparing and filing Form 1-A with the SEC.

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The Nowtransit management team plans to focus on gaining traction for its mental health and general wellness products. Best 365 Labs, Inc has filed for a provisional patent on its mental wellness, natural products which is an additional reason we plan to focus and grow this sector of the products. With the Global Mental Health Marketplace currently valued at $383.31 billion annually and with 41 million people holding a prescription for Adderall that the market conditions are idea for us to offer our natural substitute product options (which are also unique).

As a leadership team we are optimistic and excited about our opportunities to carve out very profitable positions in these potential marketplaces, through our patent-pending Methylene Blue products along with our additional specialty product offerings. The market opportunities we are targeting include:

1. Dementia and Alzheimer's Disease: The global market for dementia and Alzheimer's disease treatment and care is substantial, with estimates ranging from tens to hundreds of billions of dollars annually. This includes spending on medications, long-term care, home care services, assistive devices, and research efforts aimed at finding effective treatments and interventions.

2. ADHD and ADD: The market for ADHD and ADD treatment encompasses a wide range of products and services, including prescription medications, therapy services, educational resources, and dietary supplements. In the United States alone, spending on ADHD medications exceeds several billion dollars annually, with additional expenditures on other forms of treatment and support.

3. Long Covid: Long Covid is a relatively new condition, and the market size for treatments and support services is still emerging. However, healthcare spending related to Covid-19, including both acute care and long-term management of post-Covid symptoms, is substantial and continues to grow as the pandemic persists.

4. General Energy: The market for products and services aimed at boosting energy levels is vast and includes a wide range of offerings, such as energy drinks, dietary supplements, nutritional products, fitness programs, and wellness services. Globally, this market is worth billions of dollars annually and continues to expand as consumers seek ways to enhance their energy and vitality.

5. Traumatic Brain Injury (TBI): The market for TBI treatment and rehabilitation encompasses various healthcare services, medical devices, pharmaceuticals, and assistive technologies. Estimates of the economic burden of TBI vary widely, but it is recognized as a significant public health issue with substantial costs associated with medical care, long-term disability, and lost productivity.

6. Mild Cognitive Decline: The market for products and services targeting mild cognitive decline, such as cognitive training programs, dietary supplements, and brain health assessments, is growing as awareness of cognitive health issues increases. While precise market size estimates may be challenging to obtain, the demand for interventions to support cognitive function in aging populations is driving growth in this sector.

7. GLP-1 Weight Loss Market: The global market for GLP-1 agonists used for weight loss is significant and continues to expand. According to market research reports, the global GLP-1 agonists market was valued at several billion dollars in recent years, and it is projected to continue growing at a steady rate.

8. Sleep Improvement/Sleep Health: The global sleep market is substantial and continues to grow. According to various market research reports, the global sleep aids market was valued at several billion dollars in recent years, and it is projected to continue expanding at a steady rate. This growth is driven by factors such as increasing awareness of the importance of sleep for overall health and well-being, rising prevalence of sleep disorders, and the availability of a wide range of sleep products and services.

9. Epilepsy and Seizure Reduction: Epilepsy is one of the most common neurological disorders, affecting millions of people globally. According to the World Health Organization (WHO), approximately 50 million people worldwide have epilepsy, making it a significant public health concern. The high prevalence of epilepsy creates a substantial market for products and services aimed at reducing seizures and improving quality of life for individuals with epilepsy.

10. Nasal Health and Allergy: This market includes pharmaceuticals, over-the-counter medications, nasal sprays, nasal irrigation devices, allergy testing kits, allergy immunotherapy, and more. According to various market research reports, the global nasal drug delivery technology market was valued at over $50 billion in 2020 and is projected to grow significantly in the coming years. Factors driving growth include increasing prevalence of allergic rhinitis and other nasal disorders, technological advancements in drug delivery systems, growing demand for over-the-counter allergy medications, and rising awareness about nasal health.

Obstacles to carve out space in these categories include access to adequate capital to carve out the profitable market niche and segments. We believe we have a medical advisory team established (that a much larger company would be proud of); a leadership team that has innovated an initial suite of products (portions of which are patent pending) and a sales and marketing team that is already starting to gain traction.16

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Methylene Blue and specialty natural options has emerged as valuable foundational health options on these fronts. We believe we are very well positioned and with adequate capital infusion we will be able to capitalize on multiple market opportunities.

To establish our position in the emerging methylene blue marketplace and the many options and market segments we have put together a very strong and diverse medical advisory team to advise, innovate/refine innovations, educate and develop protocols to promote optimal mitochondria and overall mental and physical health.

Our Sales Plan and Channels

The plan is to commercialize and become a market leader within the Methylene Blue along with our specialty immune, nasal and allergy support categories.

Currently we have started sales in the following categories:

	1.	Amazon: We are currently selling all six products listed above at Amazon. The plan is to continue building this sales channel. We view this as an essential sales channel especially for credibility, and market acceptance.

	2.	Wholesale Sales: We have developed an online platform at https://best365labswholesale.com to facilitate clinics, Dr’s, chiropractors, and other wholesalers to easily order our products. Through tradeshows we have already onboarded 700 clients to this portal. Sales are growing monthly and showing potential.

	3.	Private Label Sales: We currently have three deals in place. We are being very selective on who we allow to private labels and it has to fit within a market category above that makes sense within our overall vision and growth.

	4.	Direct Sales: We are revising our online platform at www.Best365Labs.com to capitalize better on SEO and Google ads. That being said sales are showing promise on this front.

With adequate capital infusion we can look at additional sales channels including traditional retail sales that require terms of 30-90 days. Currently our wholesale clients are paying for their products in advance. We are also moving forward on establishing international distribution opportunities.

We believe that the market for our patent pending methylene blue and specialty products will continue to expand and grow causing an organic a natural growth cycle to occur.

Our Pharmaceutical Grade Methylene Blue Products (Patent Pending)

NeuroPro+

NeuroPro Plus is a patent pending combination of Pharmaceutical Grade Methylene Blue and Vitamin C. Clinical data suggests the combination of nutrients in NeuroPro Plus can be helpful nutritional support for anyone suffering from brain fog and anyone that wants more focus, concentration and memory recall.

Active Daily Health Defense “ADHD” 365

Active Daily Health Defense “ADHD” 365 tablets are a patent pending combination of L-Theanine, Caffeine and Methylene Blue. Strong clinical data suggests the exact combination of nutrients in ADHD-365 can be the perfect nutritional support for anyone that suffers from ADHD as well as anyone that wants more mental energy, focus, concentration and memory recall.

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Brain Fog Support

Be-OnGuard Brain Fog Support is an exclusive combination of tested nutrients only available in this formula including: Methylene Blue, Vitamin C and Mineral Oxides. Be-OnGuard Brain Fog Support improves memory. One of the clinically tested active ingredients in our formula Methylene Blue improves memory by increasing brain cell respiration. Or how the brain cell utilizes oxygen. Combined with our mineral oxide that naturally harnesses the power of oxygen, you have a formula like none other. In addition, Vitamin C acts as a powerful antioxidant.

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Our Immune and General Health Products

Be-OnGuard Nasal Spray

Fast-acting against airborne agents; Naturally assists with Neutralizing allergens and airborne contaminants; Helps moisten and assists to reduce sinus inflammation for clearing of nasal passages. Proven Immune Support. Developed & Tested in Conjunction with a respiratory therapist. Defend your Mouth & Throat Against Virus and Bacteria.

Be-OnGuard Mouth Spray

Be-OnGuard Mouth Spray is clinically tested against Bacteria and Viruses and can support your body’s immune system. Be-OnGuard Mouth Spray includes a clinically tested combination of an NSF 60 Mineral Oxide Water and Nano Silver that has been tested in-vitro against viruses and bacteria.

EZ Safer Air

EZ Safer Air is 100% U.S. made with FDA approved all natural, organic, allergen free and non-toxic ingredients which makes it ideal for living areas. EZ Safer Air is a clinically tested supercharged oxygenated water that is more powerful than ozonated water. Fill diffuser or humidifier with water and then add one dropper full of EZ Safer Air solution. We recommend running it by your bed at night, in your office, at home or any place you want to make safer naturally, to freshen and oxygenate the air.

Patent Pending Product Overview and Update

New U.S. Provisional Patent Application No. 63/560,474 for METHYLTHIONINIUM SALT-CONTAINING COMPOSITIONS AND METHODS

The above-referenced provisional patent application was filed in the United States Patent and Trademark Office ("Patent Office") on March 1, 2024. This was filed for the ~~company~~Company by law firm, Thorpe North and Western.

This provisional application does not constitute a regular utility patent application which could issue as a U.S. patent. It is merely a provisional (or temporary) filing which gives us a filing date and protects us from loss of patent rights arising from a public sale, publication or public use of the invention which would bar obtaining valid patent protection. By filing this provisional application, we have now secured a filing date.

We believe that there are multiple potential patents within this offering. Leadership is exploring potential partnerships and strategic alliances to monetize and capitalize for the stakeholder.

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.

~~Going Concern~~18

Our business is subject to risks inherent in marketing products in a competitive market as we continue to sell clinically-tested, affordably priced products to naturally battle the onslaught of bacteria and viruses through online sales and in various other distribution channels. Presently, the Company is marketing Be On-Guard Mouth Spray, Be On-Guard Nasal Spray,EZ, Safer Surface Cleaner, Be On-Guard Brain Fog Support and ADHD 365 maximum strength brain support, while also having limited capital resources and expecting possible cost overruns due to price and cost increases in services and products.

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Going Concern

Our business is subject to risks inherent in marketing products in a competitive market as we continue to sell clinically-tested, affordably priced products to naturally battle the onslaught of bacteria and viruses through online sales and in various other distribution channels. Presently, the Company is marketing Be On-Guard Mouth Spray, Be On-Guard Nasal Spray, EZ, Safer Surface Cleaner, Be On-Guard Brain Fog Support and ADHD 365 maximum strength brain support, while also having limited capital resources and expecting possible cost overruns due to price and cost increases in services and products.

As reflected in the condensed consolidated financial statements, the Company has generated revenues resulting in a net income during the nine months ended September 30, 2024 and is showing total assets in excess of total liabilities as of September 30, 2024. However, in the past the Company has reported losses and cash used in operating activities, thus resulting in an accumulated deficit of $351,040 as of September 30, 2024. Additionally, over time the Company has relied on advances from related parties and proceeds from the sale of stock, therefore has not yet developed a proven track record of profitability. These factors raise substantial doubt about the Company’s ability to continue as a going concern.

The Company is engaged in full-scale operations as a distributor and generates revenue; however, the Company’s cash position may not be sufficient to support the Company’s daily operations long-term. Management intends to raise additional funds by way of a private or public offering. While the Company believes in the viability of its strategy to commence operations and generate sufficient revenue and in its ability to raise additional funds, there can be no assurances to that effect. The ability of the Company to continue as a going concern is dependent upon the Company’s ability to further implement its business plan and generate sufficient revenue and its ability to raise additional funds by way of a public or private offering.

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Item 3. Quantitative and Qualitative Disclosures About Market Risk

Not required.

Item 4. Controls and Procedures

Disclosure Controls and Procedures

As of ~~June~~September 30, 2024 (the “Evaluation Date”), the Company’s management evaluated, with participation of its principal executive officer, the effectiveness of the Company’s disclosure controls and procedures, as defined in Rules 13a-15 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Based on that evaluation, the Company’s principal executive officer concluded that the Company’s disclosure controls and procedures were ineffective as of ~~June~~September 30, 2024.

Management assessed the effectiveness of its internal control over financial reporting as of the Evaluation Date based on criteria for effective internal control over financial reporting described in Internal Control—Integrated Framework issued in 2013 by the Committee of Sponsoring Organizations of the Treadway Commission. The material weaknesses identified during management’s assessment were (i) a lack of sufficient internal accounting resources; (ii) a lack of segregation of duties to ensure adequate review of financial statement preparation, (iii) lack of an independent board of directors or audit committee, and (iv) lack of written documentation of our internal control policies and procedures. In light of these material weaknesses, management has concluded that we did not maintain effective internal control over financial reporting at the Evaluation Date. We plan to rectify these weaknesses by establishing written policies and procedures for our internal control of financial reporting and hiring additional accounting personnel at such time as we raise sufficient capital to do so. There were no changes in controls during the quarter ended ~~June~~September 30, 2024.

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PART II. OTHER INFORMATION

Item 1. Legal Proceedings

Management is not aware of any legal proceedings contemplated by any governmental authority or any other party involving us or our properties. As of the date of this Quarterly Report, no director, officer or affiliate is (i) a party adverse to us in any legal proceeding, or (ii) has an adverse interest to us in any legal proceedings. Management is not aware of any other legal proceedings pending or that have been threatened against us or our properties.

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

None

Item 3. Defaults Upon Senior Securities

Not applicable.

Item 4. Mine Safety Disclosures

Not applicable.

Item 5. Other Information

Not applicable.

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Item 6. Exhibits

Exhibit #	Exhibit Description	Incorporated By Reference			Filed or Furnished Herewith
		Form	Date	Number
3.1(a)	Articles of Incorporation	S-1	11/4/2019	3.1
3.1(b)	Amendment to Articles of Incorporation	10-K	11/26/2021	3.1B
3.2	Bylaws	S-1	11/4/2019	3.2
10.1	Stock purchase agreement dated August 29, 2022*	10-Q	808/11/2023	10.1
10.2	Stock purchase Agreement dated October 19, 2022*	10-Q	808/11/2023	10.2
10.3	Stock purchase Agreement dated December 20, 2022	10-Q	808/11/2023	10.3
31.1	Certification of Principal Executive Officer and Principal Financial Officer pursuant to Securities Exchange Act of 1934 Rule 13a-14(a) or 15d-14(a)				Filed
31.2	Certification of Principal Financial Officer pursuant to Securities Exchange Act of 1934 Rule 13a-14(a) or 15d-14(a)				Filed
32.1	Certifications pursuant to Securities Exchange Act of 1934 Rule 13a-14(b) or 15d-14(b) and 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes- Oxley Act of 2002				Furnished**
32.1	Certification of Principal Executive Officer pursuant to Securities Exchange Act of 1934 Rule 13a-14(b) or 15d-14(b) and 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes- Oxley Act of 2002				Furnished**
32.2	Certification of Principal Financial Officer pursuant to Securities Exchange Act of 1934 Rule 13a-14(b) or 15d-14(b) and 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes- Oxley Act of 2002				Furnished**
101	Inline Interactive data files pursuant to Rule 405 of Regulation S-T				Filed
104	Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)

* Certain schedules, appendices and exhibits have been omitted in accordance with Item 601 of Regulation S-K. A copy of any omitted schedule, appendix and/or exhibit will be furnished supplementally to the Staff of the Securities and Exchange Commission upon request.

**This exhibit is being furnished rather than filed and shall not be deemed incorporated by reference into any filing, in accordance with Item 601 of Regulation S-K.

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Table of Contents

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.

	Nowtransit Inc.
Dated: July 30, 2024	By:	/s/ Darren Lopez
Dated: October 28, 2024	By:	/s/ Darren Lopez
		Darren Lopez Chief Executive Officer (Principal Executive Officer)

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

Name	Title	Date
/s/ Darren Lopez	Principal Executive Officer and Director	~~July~~October 3028, 2024
Darren Lopez

1923

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