false --10-31 2025 Q3 0000926844 0000926844 2024-11-01 2025-07-31 0000926844 2025-09-11 0000926844 2025-07-31 0000926844 2024-10-31 0000926844 us-gaap:SeriesAPreferredStockMember 2025-07-31 0000926844 us-gaap:SeriesAPreferredStockMember 2024-10-31 0000926844 2025-05-01 2025-07-31 0000926844 2024-05-01 2024-07-31 0000926844 2023-11-01 2024-07-31 0000926844 fbds:PreferredStockSeriesAMember 2023-10-31 0000926844 us-gaap:CommonStockMember 2023-10-31 0000926844 fbds:DiscountOnCommonStockMember 2023-10-31 0000926844 us-gaap:AdditionalPaidInCapitalMember 2023-10-31 0000926844 us-gaap:RetainedEarningsMember 2023-10-31 0000926844 2023-10-31 0000926844 fbds:PreferredStockSeriesAMember 2024-01-31 0000926844 us-gaap:CommonStockMember 2024-01-31 0000926844 fbds:DiscountOnCommonStockMember 2024-01-31 0000926844 us-gaap:AdditionalPaidInCapitalMember 2024-01-31 0000926844 us-gaap:RetainedEarningsMember 2024-01-31 0000926844 2024-01-31 0000926844 us-gaap:CommonStockMember 2024-04-30 0000926844 fbds:PreferredStockSeriesAMember 2024-04-30 0000926844 fbds:DiscountOnCommonStockMember 2024-04-30 0000926844 us-gaap:AdditionalPaidInCapitalMember 2024-04-30 0000926844 us-gaap:RetainedEarningsMember 2024-04-30 0000926844 2024-04-30 0000926844 fbds:PreferredStockSeriesAMember 2024-10-31 0000926844 us-gaap:CommonStockMember 2024-10-31 0000926844 fbds:DiscountOnCommonStockMember 2024-10-31 0000926844 us-gaap:AdditionalPaidInCapitalMember 2024-10-31 0000926844 us-gaap:RetainedEarningsMember 2024-10-31 0000926844 fbds:PreferredStockSeriesAMember 2025-01-31 0000926844 us-gaap:CommonStockMember 2025-01-31 0000926844 fbds:DiscountOnCommonStockMember 2025-01-31 0000926844 us-gaap:AdditionalPaidInCapitalMember 2025-01-31 0000926844 us-gaap:RetainedEarningsMember 2025-01-31 0000926844 2025-01-31 0000926844 fbds:PreferredStockSeriesAMember 2025-04-30 0000926844 us-gaap:CommonStockMember 2025-04-30 0000926844 fbds:DiscountOnCommonStockMember 2025-04-30 0000926844 us-gaap:AdditionalPaidInCapitalMember 2025-04-30 0000926844 us-gaap:RetainedEarningsMember 2025-04-30 0000926844 2025-04-30 0000926844 fbds:PreferredStockSeriesAMember 2023-11-01 2024-01-31 0000926844 us-gaap:CommonStockMember 2023-11-01 2024-01-31 0000926844 fbds:DiscountOnCommonStockMember 2023-11-01 2024-01-31 0000926844 us-gaap:AdditionalPaidInCapitalMember 2023-11-01 2024-01-31 0000926844 us-gaap:RetainedEarningsMember 2023-11-01 2024-01-31 0000926844 2023-11-01 2024-01-31 0000926844 fbds:PreferredStockSeriesAMember 2024-02-01 2024-04-30 0000926844 us-gaap:CommonStockMember 2024-02-01 2024-04-30 0000926844 fbds:DiscountOnCommonStockMember 2024-02-01 2024-04-30 0000926844 us-gaap:AdditionalPaidInCapitalMember 2024-02-01 2024-04-30 0000926844 us-gaap:RetainedEarningsMember 2024-02-01 2024-04-30 0000926844 2024-02-01 2024-04-30 0000926844 fbds:PreferredStockSeriesAMember 2024-05-01 2024-07-31 0000926844 us-gaap:CommonStockMember 2024-05-01 2024-07-31 0000926844 fbds:DiscountOnCommonStockMember 2024-05-01 2024-07-31 0000926844 us-gaap:AdditionalPaidInCapitalMember 2024-05-01 2024-07-31 0000926844 us-gaap:RetainedEarningsMember 2024-05-01 2024-07-31 0000926844 fbds:PreferredStockSeriesAMember 2024-11-01 2025-01-31 0000926844 us-gaap:CommonStockMember 2024-11-01 2025-01-31 0000926844 fbds:DiscountOnCommonStockMember 2024-11-01 2025-01-31 0000926844 us-gaap:AdditionalPaidInCapitalMember 2024-11-01 2025-01-31 0000926844 us-gaap:RetainedEarningsMember 2024-11-01 2025-01-31 0000926844 2024-11-01 2025-01-31 0000926844 fbds:PreferredStockSeriesAMember 2025-02-01 2025-04-30 0000926844 us-gaap:CommonStockMember 2025-02-01 2025-04-30 0000926844 fbds:DiscountOnCommonStockMember 2025-02-01 2025-04-30 0000926844 us-gaap:AdditionalPaidInCapitalMember 2025-02-01 2025-04-30 0000926844 us-gaap:RetainedEarningsMember 2025-02-01 2025-04-30 0000926844 2025-02-01 2025-04-30 0000926844 fbds:PreferredStockSeriesAMember 2025-05-01 2025-07-31 0000926844 us-gaap:CommonStockMember 2025-05-01 2025-07-31 0000926844 fbds:DiscountOnCommonStockMember 2025-05-01 2025-07-31 0000926844 us-gaap:AdditionalPaidInCapitalMember 2025-05-01 2025-07-31 0000926844 us-gaap:RetainedEarningsMember 2025-05-01 2025-07-31 0000926844 fbds:PreferredStockSeriesAMember 2024-07-31 0000926844 us-gaap:CommonStockMember 2024-07-31 0000926844 fbds:DiscountOnCommonStockMember 2024-07-31 0000926844 us-gaap:AdditionalPaidInCapitalMember 2024-07-31 0000926844 us-gaap:RetainedEarningsMember 2024-07-31 0000926844 2024-07-31 0000926844 fbds:PreferredStockSeriesAMember 2025-07-31 0000926844 us-gaap:CommonStockMember 2025-07-31 0000926844 fbds:DiscountOnCommonStockMember 2025-07-31 0000926844 us-gaap:AdditionalPaidInCapitalMember 2025-07-31 0000926844 us-gaap:RetainedEarningsMember 2025-07-31 0000926844 fbds:CustodianVenturesMember fbds:SeriesA1PreferredStockMember 2021-08-24 0000926844 fbds:CustodianVenturesMember fbds:SeriesA1PreferredStockMember 2021-08-01 2021-08-24 0000926844 2023-01-26 0000926844 2023-11-01 2025-07-31 0000926844 2022-07-01 2022-07-26 0000926844 2022-05-01 2022-07-31 0000926844 us-gaap:CommonStockMember 2022-05-01 2022-07-31 0000926844 2022-07-31 0000926844 us-gaap:CommonStockMember 2022-11-01 2023-01-31 0000926844 2022-11-01 2023-01-31 0000926844 us-gaap:CommonStockMember 2023-02-01 2023-04-30 0000926844 2023-04-30 0000926844 2023-02-01 2023-04-30 0000926844 2023-08-01 2023-10-31 0000926844 fbds:PreferredStockSeriesAMember 2022-02-01 2022-04-30 0000926844 2022-02-01 2022-04-30 0000926844 2021-06-23 0000926844 fbds:CustodianVenturesMember 2021-07-02 0000926844 fbds:CustodianVenturesMember 2021-07-01 2021-07-02 0000926844 fbds:CustodianVenturesMember fbds:SeriesA1PreferredStockMember 2021-04-01 2021-04-24 0000926844 2020-11-01 2021-10-31 0000926844 us-gaap:SeriesAPreferredStockMember 2022-02-01 2022-04-30 0000926844 us-gaap:CommonStockMember 2022-02-01 2022-04-30 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

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 July 31, 2025

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

For the transition period from ________ to ________

Commission file number 001-34808

FUSS BRANDS CORP.

(Exact name of registrant as specified in its charter)

Nevada		87-1343424
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)

5399

(Primary Standard Industrial Classification Code Number)

80 Broad Street New York, New York 10004		10036
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code (917)-720-3366

(Former Name or former address if changed from last report.)

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

Title of each class		Trading Symbol(s)		Name of exchange on which registered
N/A		N/A		N/A

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 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 Act.) ☐ Yes ☒ No

The number of shares outstanding of the registrant’s common stock as of September 11, 2025 was 21,453,078 shares.

DOCUMENTS INCORPORATED BY REFERENCE — NONE

TABLE OF CONTENTS

Part I – FINANCIAL INFORMATION

Item 1.	Condensed Financial Statements (unaudited)	2

Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	13

Item 3.	Quantitative and Qualitative Disclosures about Market Risk	14

Item 4.	Controls and Procedures	14

Part II – OTHER INFORMATION

Item 1.	Legal Proceedings	16

Item 1A.	Risk Factors	16

Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	16

Item 3.	Defaults Upon Senior Securities	16

Item 4.	Mine Safety Disclosures	16

Item 5.	Other Information	16

Item 6.	Exhibits	17

SIGNATURES		18

PART I FINANCIAL INFORMATION

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

Information contained in this quarterly report on Form 10-Q contains “forward-looking statements.” These forward-looking statements are contained principally in the section titled “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” and are generally identifiable by use of the words “may,” “will,” “should,” “expect,” “anticipate,” “estimate,” “believe,” “intend” or “project” or the negative of these words or other variations on these words or comparable terminology. The forward-looking statements herein represent our expectations, beliefs, plans, intentions or strategies concerning future events, including, but not limited to: our ability to consummate the Merger, as such term is defined below; the continued services of the Custodian as such term is defined below; our future financial performance; the continuation of historical trends; the sufficiency of our resources in funding our operations; our intention to engage in mergers and acquisitions; and our liquidity and capital needs. Our forward-looking statements are based on assumptions that may be incorrect, and there can be no assurance that any projections or other expectations included in any forward-looking statements will come to pass. Moreover, our forward-looking statements are subject to various known and unknown risks, uncertainties and other factors that may cause our actual results, performance, or achievements to be materially different from future results, performance or achievements expressed or implied by any forward-looking statements. These risks, uncertainties and other factors include but are not limited to the risks of limited management, labor, and financial resources; our ability to establish and maintain adequate internal controls; our ability to develop and maintain a market in our securities; and our ability obtain financing, if and when needed, on terms that are acceptable. Except as required by applicable laws, we undertake no obligation to update publicly any forward-looking statements for any reason, even if new information becomes available or other events occur in the future.

As used in this quarterly report on Form 10-Q, “we”, “our”, “us” and the “Company” refer to Fuss Brands Corp. a Nevada corporation unless the context requires otherwise.

Item 1. Financial Statements.

Index to Condensed Financial Statements

		Page
FINANCIAL STATEMENTS:

Balance Sheets, July 31, 2025 (unaudited), and October 31, 2024		3

Unaudited Condensed Statements of Operations, for the Three Months and Nine Months Ended July 31, 2025, and July 31, 2024		4

Unaudited Condensed Statements of Changes in Stockholders’ (Deficit), for the Three and Nine Months Ended July 31, 2025, and July 31, 2024		5

Unaudited Condensed Statements of Cash Flows, for the Nine Months Ended July 31, 2025, and July 31, 2024		6

Notes to the Unaudited Condensed Interim Financial Statements		7

FUSS BRANDS CORP.

CONDENSED BALANCE SHEETS

(Unaudited)


	July 31,			October 31,
	2025			2024
ASSETS
Cash	$	633		$	1,440
Prepaid expenses		229,365			226,740
Total Assets	$	229,999		$	228,180

LIABILITIES & STOCKHOLDERS’ DEFICIT
Accounts payable	$	13,308		$	13,860
Accrued liabilities		164,994			161,244
Deferred revenue-net		176,658			176,658
Convertible notes		50,000			50,000
Notes payable-related parties		632,890			513,740
Total current liabilities		1,037,850			915,501
Total liabilities		1,037,850			915,501

Commitments and contingencies		-			-

Stockholders’ (Deficit)
Preferred stock Series A, $0.001 par value, 2,500,000 shares authorized, 821,891 and 824,254 shares issued and outstanding as of July 31, 2025 and October 31, 2024		822			824
Common stock, $0.001 par value 1,000,000,000, shares authorized, 21,453,078 and 19,090,078 issued and outstanding as of July 31, 2025 and October 31, 2024		21,453			19,090
Additional paid in capital
Paid in capital		14,801,543			14,803,903
Discount on common stock		(75,889	)		(75,889	)
Accumulated deficit		(15,555,780	)		(15,435,250	)
Total Stockholders’ (Deficit)		(807,851	)		(687,322	)
Total Liabilities and Stockholders’ (Deficit)	$	229,999		$	228,180

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

FUSS BRANDS CORP.

CONDENSED STATEMENTS OF OPERATIONS

(Unaudited)


	Three Months Ended			Three Months Ended			Nine Months Ended			Nine Months Ended
	July 31,			July 31,			July 31,			July 31,
	2025			2024			2025			2024
Revenue	$	-		$	-		$	-		$	-

Operating Expenses:
Administrative expenses		20,141			45,089			115,979			2,722,695
Total operating expenses		20,141			45,089			115,979			2,722,695
(Loss) from operations		(20,141	)		(45,089	)		(115,979	)		(2,722,695	)
Other expense
Interest expense		(2,014	)		(1,295	)		(4,550	)		(3,795	)
Income (loss) before provision for income taxes		(22,155	)		(46,384	)		(120,530	)		(2,726,490	)
Tax Provision		-						-
Net (Loss)	$	(22,155	)	$	(46,384	)	$	(120,530	)	$	(2,726,490	)

Basic and diluted earnings (loss) per common share	$	(0.00	)	$	(0.00	)	$	(0.01	)	$	(0.14	)

Weighted average number of shares outstanding		21,453,078			19,090,078			20,665,411			19,090,078

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

FUSS BRANDS CORP.

CONDENSED STATEMENTS OF CHANGES IN STOCKHOLDERS’ DEFICIT

(Unaudited)


	Preferred Stock-Series A				Common Stock				Discount on Common			Paid in		Accumulated			Total Stockholders’
	Shares		Value		Shares		Value		Stock			Capital		Deficit			Equity
Balance, October 31, 2023		834,254	$	834		19,090,078	$	19,090	$	(75,889	)	$	12,287,167	$	(12,679,846	)	$	(448,643	)

Net loss				-				-		-			-		(46,259	)		(46,259	)

Balance, January 31, 2024		834,254	$	834		19,090,078	$	19,090	$	(75,889	)	$	12,287,167	$	(12,726,105	)	$	(494,903	)

Issuance of Series A shares for services		750,000		750									2,515,977					2,516,727

Net loss				-				-		-			-		(2,633,846	)		(2,633,846	)

Balance, April 30, 2024		1,584,254	$	1,584		19,090,078	$	19,090	$	(75,889	)	$	14,803,143	$	(15,359,951	)	$	(612,021	)

Net loss				-				-		-			-	$	(46,384	)	$	(46,384	)

Balance, July 31, 2024		1,584,254	$	1,584		19,090,078	$	19,090	$	(75,889	)	$	14,803,143	$	(15,406,336	)	$	(658,408	)

	Preferred Stock-Series A						Common Stock				Discount on Common			Paid in			Accumulated			Total Stockholders’
	Shares			Value			Shares		Value		Stock			Capital			Deficit			Equity
Balance, October 31, 2024		824,254		$	824			19,090,078	$	19,090	$	(75,889	)	$	14,803,903		$	(15,435,250	)	$	(687,322	)

Net loss					-					-		-			-			(74,933	)		(74,933	)

Balance, January 31, 2025		824,254		$	824			19,090,078	$	19,090	$	(75,889	)	$	14,803,903		$	(15,510,182	)	$	(762,254	)

Conversion of Series A preferred to Common		(2,363	)		(2	)		2,363,000		2,363					(2,361	)					-

Net loss					-					-		-			-			(23,442	)		(23,442	)

Balance, April 30, 2025		821,891		$	822			21,453,078	$	21,453	$	(75,889	)	$	14,801,542		$	(15,533,624	)	$	(785,696	)

Net loss					-					-		-			-			(22,155	)		(22,155	)

Balance, July 31, 2025		821,891		$	822			21,453,078	$	21,453	$	(75,889	)	$	14,801,542		$	(15,555,779	)	$	(807,851	)

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

FUSS BRANDS CORP.

CONDENSED STATEMENTS OF CASH FLOWS

(Unaudited)


	Nine Months Ended			Nine Months Ended
	July 31,			July 31,
	2025			2024
Cash Flows From Operating Activities:
Net (loss)	$	(120,530	)	$	(2,726,490	)
Stock based compensation		-			2,516,727
Changes in operating assets and liabilities
Prepaid expenses		(2,625	)		(97,739	)
Accounts payable		(552	)		(81,983	)
Accrued liabilities		3,750			3,750
Net cash (used in) operating activities	$	(119,956	)	$	(385,735	)

Cash Flows From Investing Activities:
Net cash provided by (used in) investing activities		-			-

Cash Flows From Financing Activities:
Notes payable related party		119,150			385,295
Net cash provided by financing activities		119,150			385,295

Net (Decrease) In Cash		(807	)		(441	)
Cash At The Beginning Of The Period	$	1,440		$	9,448
Cash At The End Of The Period	$	633		$	9,007

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

FUSS BRANDS CORP.

NOTES TO (UNAUDITED) CONDENSED FINANCIAL STATEMENTS

NOTE 1 – ORGANIZATION AND DESCRIPTION OF BUSINESS

Fuss Brands Corp, f/k/a China Botanic Pharmaceutical Inc. (“the Company,” “we” “us”) was incorporated in the State of Nevada on August 18, 1988, originally under the corporate name of Solutions, Incorporated. It was inactive until August 16, 1996, when it changed its corporate name to Suarro Communications, Inc, and engaged in the business of providing internet-based business services. This line of business was discontinued in 2006, and the Company became a non-operating public company. The Company underwent a number of corporate name changes as follows:

June 1997		ComTech Consolidation Group, Inc
February 1999		E-Net Corporation
May 1999		E-Net Financial Corporation
January 2000		E-Net.Com Corporation
February 2000		E-Net Financial.Com Corporation
January 2002		Anza Capital, Inc (“Anza”)
June 2006		Renhuang Pharmaceuticals, Inc.
October 2010		China Botanic Pharmaceutical Inc.

The Company had been inactive since September 2012.

On February 4, 2021, as a result of a custodianship in Clark County, Nevada, Case Number: A-20-827231-B Custodian Ventures LLC (“Custodian”) was appointed custodian of the Company. On the same date, Custodian appointed David Lazar as the Company’s Chief Executive Officer, President, Secretary, Chief Financial Officer, Chief Executive Officer, and Chairman of the Board of Directors.

On August 24, 2021, as a result of a private transaction, 1,000,000 shares of Series A-1 Preferred Stock, $0.001 par value per share (the “Shares”) of the Company, were transferred from Custodian Ventures, LLC to Issamar Ginzberg, Israel Moshe Levy, Shmuel Rotbard, and Benjamin Levin (collectively, the “Purchasers”). As a result, the Purchasers became holders of approximately 96% of the voting rights of the issued and outstanding share capital of the Company on a fully diluted basis of the Company and became the controlling shareholder. The consideration paid for the Shares was $250,000. The source of the cash consideration for the Shares was personal funds. In connection with the transaction, David Lazar released the Company from all debts owed to him and/or Custodian Ventures, LLC.

On August 24, 2021, the existing director and officer resigned immediately. Accordingly, David Lazar, serving as a director and an officer, ceased to be the Company’s Chief Executive Officer, Chief Financial Officer, President, Treasurer, Secretary, and Director. At the effective date of the transfer, Issamar Ginzberg consented to act as the new Chief Executive Officer, Chief Financial Officer, President, Treasurer, Secretary, and a Director of the Company,

On July 14, 2022, China Botanic Pharmaceuticals Inc. amended its articles of incorporation to change its name to Fuss Brands Corp. (the “Name Change”). The change was made in anticipation of entering into a new line of business operations.

On July 13, 2022, the Company amended its articles of incorporation to reverse split its common stock at a rate of 1 for 26 (the “Reverse”).

On July 22, 2022, FINRA declared the Name Change and the Reverse effective. Also on July 28, 2022, the Company was informed by FINRA that the Company’s ticker symbol would be changed to FBDS in twenty business days.

The Company’s year-end is October 31.

On January 26, 2023, the Company received a purchase order from a leading luggage retailer for two types of luggage amounting to a total of $925,000. The Company is in the process of working with a manufacturer to produce the luggage. As a result of this purchase order, as of January 26, 2023, the Company is no longer in shell status. The manufacturer has taken longer than anticipated to produce the order. The Company remains in the process of fulfilling that order.

On March 20, 2024, Cheskel Meisels assumed the role of Chief Executive Officer from Issamar Ginzberg.

Effective May 9, 2024, the “Company dismissed BF Borgers CPA PC (“BF Borgers”) as its independent registered public accounting firm.

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The accompanying condensed financial statements have been prepared in accordance with the Financial Accounting Standards Board (“FASB”) “FASB Accounting Standard Codification™” (the “Codification”) which is the source of authoritative accounting principles recognized by the FASB to be applied by nongovernmental entities in the preparation of As of July 31, 2025, and October 31, 2024, there were 21,453,078 and 19,090,078 shares of common stock issued and outstanding, respectively. The condensed financial statements have been prepared in conformity with accepted accounting principles (“GAAP”) in the United States.

Management’s Representation of Interim Condensed Financial Statements

The accompanying unaudited condensed financial statements have been prepared by the Company without audit pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). The Company uses the same accounting policies in preparing quarterly and annually. Certain information and footnote disclosures normally included in the condensed financial statements prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) have been condensed or omitted as allowed by such rules and regulations, and management believes that the disclosures are adequate to make the information presented not misleading. These condensed financial statements include all of the adjustments, which in the opinion of management are necessary for a fair presentation of financial position and results of operations. All such adjustments are of a normal and recurring nature. Interim results are not necessarily indicative of results for a full year. These condensed financial statements should be read in conjunction with the condensed audited financial statements and notes thereto on October 31, 2024, as presented in the Company’s Annual Report on Form 10-K.

Going Concern

The accompanying condensed financial statements have been prepared assuming the Company will continue as a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business for the twelve months following the date of these condensed financial statements. As of July 31, 2025, the Company had negative working capital of $807,851 and an accumulated deficit of $15,555,780.

Because the Company does not expect that the existing operational cash flow will be sufficient to fund presently anticipated operations, this raises substantial doubt about the Company’s ability to continue as a going concern. Therefore, the Company will need to raise additional funds and is currently exploring alternative sources of financing. Recently the Company has been funded by related party shareholders and officers. Historically, the Company raised capital through private placements, to finance working capital needs and may attempt to raise capital through the sale of common stock or other securities and obtaining some short-term loans. The Company will be required to continue to do so until its operations become profitable. Also, the Company has, in the past, paid for consulting services with its common stock to maximize working capital, and intends to continue this practice where feasible.

Use of Estimates

The preparation of condensed financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of liabilities and disclosure of contingent assets and liabilities at the date of the condensed financial statements and the reported amounts of revenues and expenses during the reporting period. The most significant estimates relate to income taxes and contingencies. The Company bases its estimates on historical experience, known or expected trends, and various other assumptions that are believed to be reasonable given the quality of information available as of the date of these condensed financial statements. The results of these assumptions provide the basis for making estimates about the carrying amount of assets and liabilities that are not readily apparent from other sources. Actual results could differ from these estimates.

Revenue recognition

The Company has not generated any revenue to date and is in the process of completing its first order to manufacture luggage. Revenue from sale of luggage will be recognized under the using the five-step approach required under the guidelines of ASC 606:

1.	Identify the contract with the client,

2.	Identify the performance obligations in the contract,

3.	Determine the transaction price,

4.	Allocate the transaction price to performance obligations in the contract

5.	Recognize revenues when or as the Company satisfies a performance obligation

During the third quarter ended July 31, 2023, the Company billed its customer in advance for a portion of the luggage to be delivered, and received an initial payment against the order to be delivered. All revenue billed in advance of services being delivered is recorded in deferred revenue, net. As of July 31, 2025, and October 31, 2024, the balances of deferred revenue, net were $176,658 and $176,658 respectively. The components of deferred revenue net in the Company’s unaudited balance sheet were deferred revenue of $450,060 less accounts receivable of $273,402 for unfulfilled obligations, netting to $176,658.

Prepaid expenses

Prepaid expenses are amounts paid to secure the use of assets or the receipt of services at a future date or continuously over one or more future periods. When the prepaid expenses are eventually consumed, they are charged to expense. Prepaid expenses are recorded at fair market value.

As of July 31, 2025, and October 31, 2024, the balance of prepaid expenses was $229,365 and $226,740, respectively.

Cash and cash equivalents

The Company considers all highly liquid temporary cash investments with an original maturity of three months or less to be cash equivalents. As of July 31, 2025, and October 31, 2024, the Company had $633 and $1,440 in cash on hand, respectively.

Income taxes

The Company accounts for income taxes under FASB ASC 740, “Accounting for Income Taxes”. Under FASB ASC 740, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Under FASB ASC 740, the effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. FASB ASC 740-10-05, “Accounting for Uncertainty in Income Taxes” prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities.

The amount recognized is measured as the largest amount of benefit that is greater than 50 percent likely of being realized upon ultimate settlement. The Company assesses the validity of its conclusions regarding uncertain tax positions quarterly to determine if facts or circumstances have arisen that might cause it to change its judgment regarding the likelihood of a tax position’s sustainability under audit.

Net Loss per Share

Net loss per common share is computed by dividing net loss by the weighted average common shares outstanding during the period as defined by Financial Accounting Standards, ASC Topic 260, “Earnings per Share.” Basic earnings per common share (“EPS”) calculations are determined by dividing net income by the weighted average number of shares of common stock outstanding during the year. Diluted earnings per common share calculations are determined by dividing net income by the weighted average number of common shares and dilutive common share equivalents outstanding.

Recent Accounting Pronouncements

There are no recent accounting pronouncements that have had an impact on the Company’s operations.

NOTE 3 – RELATED PARTY TRANSACTIONS

During the last 21 months all of the Company’s funding amounting to $516,945 has been provided by Cheskel Meisels, the Company’s CEO. As of July 31, 2025, and October 31, 2024, the balance of related party’s loans was $632,890 and $513,740 respectively.

NOTE 4 – EQUITY

Common Stock

The Company has authorized 1,000,000,000 shares of $0.001 par value, common stock.

On July 26, 2022, the Company effected a 1 for 26 reverse stock split of its common stock. All common stock amounts and references have been retroactively adjusted for all figures present to reflect this split unless specifically stated otherwise.

During the three months ended July 31, 2022, the Company raised $50,593 in gross proceeds from the sale of 4,864,668 shares of common stock. Since these shares were sold at $0.0004 prior to the reverse split, which was below the par value of $0.001, the Company recorded a discount on common stock of $75,889, which reduced the Company’s equity.

During the three months ended January 31, 2023 the Company sold 391,412 shares in private placements and raised $23,525 in gross proceeds. Additionally, during the three months ended April 30, 2023, the company issued 170,000 shares to a service provider. These shares were valued at $0.5701 which was the Company’s closing trading price on the date of issuance, or a total of $96,917 which was categorized as stock-based compensation included in general and administrative expenses for the three months ended April 30, 2023.

During the three months ended October 31, 2023, preferred shareholders converted 3,645 share of preferred stock into 3,645,000 common shares pursuant to the 1000 to 1 conversion rights described below.

During the three months ended April 30, 2025, a preferred shareholder converted 2,363 share of preferred stock into 2,363,000 common shares pursuant to the 1000 to 1 conversion rights described below.

As of July 31, 2025, and October 31, 2024, there were 21,453,078 and 19,090,078 shares of common stock issued and outstanding, respectively.

Preferred Stock

The Company has 2,500,000 shares of Series A Preferred Stock, $0.001 par value, authorized.

During the three months ended April 30, 2022 split, 162,101 shares of Series A Preferred Stock were converted on a 1,000 to 1 ratio into 6,234,654 shares of common stock.

On June 23, 2021, the Company amended its Articles of Incorporation and designated 2,500,000 Preferred A-1 shares. On July 2, 2021, the Company awarded Custodian Ventures/David Lazar 1,000,000 Series A-1 Preferred Stock for services performed as Custodian. Each share of Series A-1 Preferred stock is convertible to 1,000 shares of common stock. Based on this conversion rate, the Custodian would control approximately 96% of the Company. As a result, since this share issuance represented substantially all of the Company’s value, the shares were valued at the purchase price of the Preferred Shares of $250,000 on August 24, 2021. The $250,000 was recognized as stock-based compensation, related party in the Company’s Statement of Operations for the period ended October 31, 2021.

The attributes of the Series A Preferred Stock are as follows:

Dividend Provisions.

Subject to the rights of any existing series of Preferred Stock or to the rights of any series of Preferred Stock which may from time to time hereafter come into existence, the holders of shares of Series A-1 Preferred Stock shall be entitled to receive dividends, out of any assets legally available therefor, upon any payment of any dividend (payable other than in Common Stock or other securities and rights convertible into or entitling the holder thereof to receive, directly or indirectly, additional shares of Common Stock of the Corporation) on the Common Stock of the Corporation, as and if declared by the Board of Directors, as if the Series A-1 Preferred Stock had been converted into Common Stock.

Liquidation Preference.

In the event of any liquidation, dissolution, or winding up of the Corporation, either voluntary or involuntary, the holders of the Series A-1 Preferred Stock shall be entitled to receive, prior and in preference to any distribution of any of the assets of the Corporation to the holders of Common Stock, or any other series or class of common stock of the Corporation, whether now in existence or hereafter created by amendment to the articles of incorporation of the Corporation or by a certificate of designation, by reason of their ownership thereof, and senior, prior, and in preference to any other series or class of preferred stock of the Corporation, whether now in existence or hereafter created by amendment to the articles of incorporation of the Corporation or by a certificate of designation, an amount per share equal to the price per share actually paid to the Corporation upon the initial issuance of the Series A-1 Preferred Stock (each, the “the Original Issue Price”) for each share of Series A-1 Preferred Stock then held by them, plus declared but unpaid dividends. Unless the Corporation can establish a different Original Issue Price in connection with a particular sale of Series A-1 Preferred Stock, the Original Issue Price shall be $0.001 per share for the Series A-1 Preferred Stock. If, upon the occurrence of any liquidation, dissolution, or winding up of the Corporation, the assets and funds thus distributed among the holders of the Series A-1 Preferred Stock shall be insufficient to permit the payment to such holders of the full aforesaid preferential amounts, then, the entire assets and funds of the corporation legally available for distribution shall be distributed first to the Series A-1 Preferred Stock, and then ratably among the holders of each other series of Preferred Stock in proportion to the preferential amount each such holder is otherwise entitled to receive.

Redemption.

The Series A-1 Preferred Stock shares are non-redeemable other than upon the mutual agreement of the Corporation and the holder of shares to be redeemed and even in such case only to the extent permitted by this Certificate of Designation, the Corporation’s Articles of Incorporation, and applicable law.

Conversion.

The holders of the Series A-1 Preferred Stock, shall have conversion rights as follows (the “Conversion Rights”):

Right to Convert.

Subject to Section 4(c), each share of Series A-1 Preferred Stock shall be convertible, at the option of the holder(s) thereof only, at any time after the date of issuance of such share, at the office of the Corporation or any transfer agent for such stock, into one thousand (1,000) fully paid and nonassessable shares of Common Stock (the “Series A-1 Conversion Ratio”).

During the three months ended April 30, 2022, 162,101 shares of Series A Preferred Stock were converted on a 1,000 to 1 ratio into 162,101,000 shares of Common Stock.

During the three months ended April 30, 2025, a Series A preferred shareholder converted 2,363 share of preferred stock into 2,363,000 common shares pursuant to the 1000 to 1 conversion rights described below.

As of July 31, 2025, and October 31, 2024, there 821,891 and 824,254 shares of Series A Preferred Stock were issued and outstanding, respectively.

NOTE 5 – COMMITMENTS AND CONTINGENCIES

The Company did not have any contractual commitments as of July 31, 2025, and October 31, 2024.

NOTE 6 – SUBSEQUENT EVENTS

In accordance with FASB ASC 855-10, Subsequent Events, the Company has analyzed its operations subsequent to July 31, 2025, to the date these condensed financial statements were issued, and has determined that it does not have any material subsequent events to disclose in these condensed financial statements.

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

Organizational History of the Company and Overview

Plan of Operation

The Company has no revenue or cash flow from operations as of the date of this Report.

On January 26, 2023, the Company received a purchase order from a leading luggage retailer for two types of luggage amounting to a total of $925,000. The Company is in the process of working with a manufacturer to produce the luggage. As a result of this purchase order, as of January 26, 2023, the Company is no longer in shell status. The Company is in the process of fulfilling that order.

In addition management intends to explore and identify business opportunities within the U.S., including a potential acquisition of an operating entity through a reverse merger, asset purchase, or similar transaction. Our Chief Executive Officer has experience in business consulting, although no assurances can be given that he can identify and implement a viable business strategy or that any such strategy will result in profits. Our ability to effectively identify, develop and implement a viable plan for our business may be hindered by risks and uncertainties which are beyond our control, including without limitation, the continued negative effects of the coronavirus pandemic on the U.S. and global economies. For more information about the risk of coronavirus on our business, see Item 1A “Risk Factors.”

Given our limited capital resources, we may consider a business combination with an entity that has recently commenced operations, is a developing company or is otherwise in need of additional funds for the development of new products or services or expansion into new markets, or is an established business experiencing financial or operating difficulties and requires additional capital. Alternatively, a business combination may involve the acquisition of, or a merger with, an entity that desires access to the U.S. capital markets.

As of the date of this Report, our management has not had any discussions with any representative of any other entity regarding a potential business combination. Any target business that is selected may be financially unstable or in the early stages of development. In such an event, we expect to be subject to numerous risks inherent in the business and operations of a financially unstable or early-stage entity. In addition, we may effect a business combination with an entity in an industry characterized by a high level of risk or in which our management has limited experience, and, although our management will endeavor to evaluate the risks inherent in a particular target business, there can be no assurance that we will properly ascertain or assess all significant risks.

Our management anticipates that we will likely only be able to affect one business combination due to our limited capital. This lack of diversification will likely pose a substantial risk in investing in the Company for the indefinite future because it will not permit us to offset potential losses from one venture or operating territory against gains from another. The risks we face will likely be heightened to the extent we acquire a business operating in a single industry or geographical region.

We anticipate that the selection of a business combination will be a complex and risk-prone process. Because of general economic conditions, including unfavorable conditions caused by the coronavirus pandemic, rapid technological advances being made in some industries, and shortages of available capital, management believes that there are a number of firms seeking business opportunities at this time at discounted rates with which we will compete. We expect that any potentially available business combinations may appear in a variety of different industries or regions and at various stages of development, all of which will likely render the task of comparative investigation and analysis of such business opportunities extremely difficult and complicated. Once we have developed and begun to implement our business plan, management intends to fund our working capital requirements through a combination of our existing funds and future issuances of debt or equity securities. Our working capital requirements are expected to increase in line with the implementation of a business plan and commencement of operations.

Based on our current operations, we do not have sufficient working capital to fund our operations over the next 12 months. If we can close a reverse merger, it is likely we will need capital as a condition of closing that acquisition. Because of the uncertainties, we cannot be certain as to how much capital we need to raise or the type of securities we will be required to issue. In connection with a reverse merger, we will be required to issue a controlling block of our securities to the target’s shareholders which will be very dilutive.

Additional issuances of equity or convertible debt securities will result in dilution to our current shareholders. Further, such securities might have rights, preferences, or privileges senior to our Common Stock. Additional financing may not be available on acceptable terms, or at all. If adequate funds are not available or are not available on acceptable terms, we may not be able to take advantage of prospective new business endeavors or opportunities, which could significantly and materially restrict our business operations.

We anticipate that we will incur operating losses in the next 12 months, principally costs related to our being obligated to file reports with the SEC. Our prospects must be considered in light of the risks, expenses, and difficulties frequently encountered by companies in their early stage of development. Such risks for us include but are not limited to, an evolving and unpredictable business model, recognition of revenue sources, and the management of growth. To address these risks, we must, among other things, develop, implement, and successfully execute our business and marketing strategy, respond to competitive developments, and attract, retain, and motivate qualified personnel. There can be no assurance that we will be successful in addressing such risks, and the failure to do so could have a material adverse effect on our business prospects, financial condition, and results of operations.

Critical Accounting Policies and Estimates

Our management’s discussion and analysis of our financial condition and results of operations are based on our condensed financial statements, which have been prepared in accordance with U.S. generally accepted accounting principles, or “GAAP.” The preparation of these condensed financial statements requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the condensed financial statements, and the reported amounts of revenue and expenses during the reported period. In accordance with GAAP, we base our estimates on historical experience and on various other assumptions that we believe are reasonable under the circumstances. Actual results may differ from these estimates under different assumptions or conditions.

Our significant accounting policies are fully described in Note 2 to our condensed financial statements appearing elsewhere in this Quarterly Report, and we believe those accounting policies are critical to the process of making significant judgments and estimates in the preparation of our condensed financial statements.

Off-Balance Sheet Arrangements

None.

Item 3. Quantitative And Qualitative Disclosures About Market Risk.

As a smaller reporting company, we are not required to provide the information called for by this item.

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 the principal financial officer or officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure. Our disclosure controls and procedures were not effective as of July 31, 2025.

Management’s Report on Internal Control over Financial Reporting.

Our management is responsible for establishing and maintaining adequate internal control over financial reporting as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act. Our internal control over financial reporting is designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of condensed financial statements for external purposes in accordance with generally accepted accounting principles. Our internal control over financial reporting includes those policies and procedures that:

	●	pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of our assets;

	●	provide reasonable assurance that transactions are recorded as necessary to permit preparation of condensed financial statements in accordance with generally accepted accounting principles, and that our receipts and expenditures are being made only in accordance with authorizations of our management and directors; and

	●	provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of our assets that could have a material effect on the condensed financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with policies or procedures may deteriorate.

Our management assessed the effectiveness of our internal control over financial reporting based on the parameters set forth above and has concluded that as of July 31, 2025 our internal control over financial reporting was not effective to provide reasonable assurance regarding the reliability of financial reporting and the preparation of condensed financial statements for external purposes in accordance with U.S. generally accepted accounting principles as a result of the following material weaknesses:

	●	The Company does not have sufficient segregation of duties within accounting functions due to only having one officer and limited resources.

	●	The Company does not have an independent board of directors or an audit committee.

	●	The Company does not have written documentation on our internal control policies and procedures.

	●	All of the Company’s financial reporting is carried out by a financial consultant.

We plan to rectify these weaknesses by implementing an independent board of directors, establishing written policies and procedures for our internal control of financial reporting, and hiring additional accounting personnel at such time as we complete a reverse merger or similar business acquisition.

Changes in Internal Control over Financial Reporting.

There has been no change in our internal control over financial reporting during the three months ended July 31, 2025, that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

PART II OTHER INFORMATION

Item 1. Legal Proceedings.

The Company may be involved in certain legal proceedings that arise from time to time in the ordinary course of its business. Legal expenses associated with any contingency are expensed as incurred. The Company’s officers and directors are not aware of any threatened or pending litigation to which the Company is a party or which any of its property is the subject and which would have any material, adverse effect on the Company.

Item 1A. Risk Factors.

Reference is made to the risks and uncertainties disclosed in Item 1A (“Risk Factors”) of our Annual Report on Form 10-K for the period ended October 31, 2024, which sections are incorporated by reference into this report, as the same may be updated from time to time. Prospective investors are encouraged to consider the risks described in our 2022 Form 10-K, and our Management’s Discussion and Analysis of Financial Condition and Results of Operations contained in this Report, and other information publicly disclosed or contained in documents we file with the Securities and Exchange Commission before purchasing our securities.

As a smaller reporting company, the Company is not required to disclose material changes to the risk factors that were contained in the October 31, 2024, Form 10-K.

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.

Item 6. Exhibits.

The exhibits listed on the Exhibit Index below are provided as part of this report.

Exhibit No.		Description
31.1*		Certification of principal executive and financial officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, as amended.

32.1*		Certification of principal executive officer and principal financial officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, as amended.

101.INS*		XBRL INSTANCE

101.SCH*		XBRL TAXONOMY EXTENSION SCHEMA

101.CAL*		XBRL TAXONOMY EXTENSION CALCULATION

101.DEF*		XBRL TAXONOMY EXTENSION DEFINITION

101.LAB*		XBRL TAXONOMY EXTENSION LABELS

101.PRE*		XBRL TAXONOMY EXTENSION PRESENTATION

Filed herewith.

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.

	FUSS BRANDS CORP.

Dated: September 11, 2025	By:	/s/ Cheskel Meisels
		Cheskel Meisels
		Chief Executive Officer and Chief Financial Officer Principal Executive Officer, Principal Financial 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.

Fuss Brands Corp. 10-Q