10-Q - AETN - Equibles

UNITED

STATES

SECURITIES

AND EXCHANGE COMMISSION

Washington

D.C. 20549

FORM

10-Q

(Mark One)

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

For the quarterly period ended ### September 30, 2025

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

For

the transition period from ___to___

Commission

File Number 001-15913

SHOREPOWER

TECHNOLOGIES INC.

(Exact Name of Registrant as Specified in Its Charter)

Delaware	06-1120072
(State<br> or other jurisdiction of	(I.R.S.<br> Employer
incorporation<br> or organization)	Identification<br> No.)

5289 NE Elam Young Pkwy, Suite 180, Hillsboro, OR 97124

(Address of Principal Executive Offices)

(503) 892-7345

(Registrant’s Telephone Number, Including Area Code)

5291 NE Elam Young Pkwy, Suite 160, Hillsboro, OR 97124

(Former Name, Former Address and Former Fiscal Year, if Changed Since Last Report)

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

Title<br> of each class	Trading<br> Symbol(s)	Name<br> of each exchange on which registered
Common<br> Stock	SPEV	OTCID

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 (Section 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, 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<br> accelerated filer ☐	Accelerated<br> filer ☐
Non-accelerated<br> filer ☒	Smaller<br> reporting company ☒
Emerging<br> Growth Company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). ☐

Indicate

the number of shares outstanding of each of the issuer’s classes of common stock as of the latest practicable date. As of November 10, 2025, there were 49,190,204 shares of Common Stock, $0.01 par value per share, outstanding.

SHOREPOWER

TECHNOLOGIES INC.

Form

10-Q

For

the Quarterly Period Ended September 30, 2025

INDEX

PART I	Financial Information
Item<br> 1.	Financial Statements (unaudited)	3
Item<br> 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	15
Item<br> 3.	Quantitative and Qualitative Disclosures about Market Risk	17
Item<br> 4.	Controls and Procedures	17
PART II	Other Information
Item<br> 1.	Legal Proceedings	18
Item<br> 1A.	Risk Factors	18
Item<br> 2.	Unregistered Sales of Equity Securities and Use of Proceeds	18
Item<br> 3.	Defaults Upon Senior Securities	18
Item<br> 4.	Mine Safety Disclosures	18
Item<br> 5.	Other Information	18
Item<br> 6.	Exhibits	18
Signatures		19

| 2 |

| --- |

PART

FINANCIAL

INFORMATION

ITEM

FINANCIAL STATEMENTS.

Balance Sheets as of September 30, 2025 (unaudited) and December 31, 2024	4
Statements of Operations for the Three and Nine Months Ended September 30, 2025 and 2024 (unaudited)	5
Statements of Changes in Stockholders’ Equity (Deficit) for the Three and Nine Months Ended September 30, 2025 and 2024 (unaudited)	6
Statements of Cash Flows for the Nine Months Ended September 30, 2025 and 2024 (unaudited)	7
Notes to the Financial Statements (unaudited)	8

| 3 |

| --- |

SHOREPOWER

TECHNOLOGIES INC.

CONDENSED

BALANCE SHEETS

			December 31,
			2024
			(Audited)
ASSETS
Current Assets:
Cash	53,881		$	18,332
Accounts receivable	843			—
Prepaids	—			1,322
Inventory	18,330			44,763
Total Current Assets	73,054		$	64,417
Non-Current Assets:
Other asset	1,000			1,000
Total non-current assets	1,000			1,000
Total Assets	74,054		$	65,417
LIABILITIES AND STOCKHOLDERS’ DEFICIT
Current Liabilities:
Accounts payable and accrued expenses	123,946			92,353
Accounts payable – related party	37,110			37,110
Accrued officer compensation – related party	456,668			306,668
Accrued interest – related party	199,097			148,460
Notes payable – related party	125,775			125,775
Note payable	111,395			111,395
Total Current Liabilities	1,053,991			821,761
Notes payable, net of current portion – related party	919,679			919,678
Total Liabilities	1,973,670			1,741,439
Commitment and contingency	—			—
Stockholders’ Deficit:
Preferred stock, 0.01 par value, 6,894,356 shares authorized; no shares issued<br> and outstanding	—			—
Series A preferred stock, 0.01 par value, 1,105,644 shares designated; no shares<br> issued and outstanding	—			—
Series B preferred stock, 0.01 par value, 10,000,000 shares designated; 2,000,000<br> issued and outstanding	20,000			20,000
Preferred stock, value	20,000			20,000
Common stock, 0.01 par value, 100,000,000 shares authorized; 49,190,204 and 48,478,678<br> shares issued and outstanding, respectively	491,902			484,787
Additional paid-in capital	809,807			802,692
Accumulated deficit	(3,178,871	)		(2,941,047	)
Treasury stock, at cost; 39,975 shares of common stock	(42,454	)		(42,454	)
Total Stockholders’ Deficit	(1,899,616	)		(1,676,022	)
Total Liabilities and Stockholders’ Deficit	74,054		$	65,417

All values are in US Dollars.

The

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

| 4 |

| --- |

SHOREPOWER

TECHNOLOGIES INC.

CONDENSED

STATEMENTS OF OPERATIONS

(Unaudited)

	2025			2024			2025			2024
	For the Three Months Ended <br>September 30,						For the Nine Months Ended <br>September 30,
	2025			2024			2025			2024
Power usage revenue	$	4,680		$	4,333		$	11,596		$	12,267
Service revenue		3,665			955			47,937			5,305
Product sales		—			10,154			120,591			35,207
Total revenue		8,345			15,442			180,124			52,779
Cost of power usage revenue		(15,527	)		(17,354	)		(25,208	)		(46,757	)
Cost of product sales		—			(11,550	)		(40,332	)		(12,489	)
Cost of revenue		—			(11,550	)		(40,332	)		(12,489	)
Less revenue share		(1,435	)		(1,422	)		(3,491	)		(4,023	)
Gross margin		(8,617	)		(14,884	)		111,093			(10,490	)
Operating Expenses:
Professional fees		14,140			13,000			27,417			58,099
General and administrative		37,686			12,045			78,214			48,577
Consulting		10,500			20,155			42,383			54,260
Officer compensation		50,000			50,000			150,000			136,668
Total operating expenses		112,326			95,200			298,014			297,604
Loss from Operations		(120,943	)		(110,084	)		(186,921	)		(308,094	)
Other Expense:
Grant income		—			50,000			—			50,000
Interest expense		(16,917	)		(17,111	)		(50,903	)		(52,911	)
Total other expense		(16,917	)		32,889			(50,903	)		(2,911	)
Net loss	$	(137,860	)	$	(77,195	)	$	(237,824	)	$	(311,005	)
Loss per Common Share: Basic and Diluted	$	(0.00	)	$	(0.00	)	$	(0.00	)	$	(0.00	)
Weighted Average Number of Common Shares: Basic and Diluted		49,190,204			48,478,678			48,999,942			48,478,678

The

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

| 5 |

| --- |

SHOREPOWER

TECHNOLOGIES INC.

CONDENSED

STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY (DEFICIT)

FOR

THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2025 AND 2024

(Unaudited)

	Shares		Amount		Shares		Amount		Shares		Amount		Capital		Deficit			Shares		Amount			(Deficit)
	Common Stock				Series A <br> Preferred Stock				Series B <br> Preferred Stock				Additional <br> Paid-in		Accumulated			Treasury Stock					Total <br> Stockholders’
	Shares		Amount		Shares		Amount		Shares		Amount		Capital		Deficit			Shares		Amount			(Deficit)
December 31, 2024		48,478,678	$	484,787		—	$	—		2,000,000	$	20,000	$	802,692	$	(2,941,047	)		39,975	$	(42,454	)	$	(1,676,022	)
Common stock issued for services		711,526		7,115		—		—		—		—		7,115		—			—		—			14,230
Net income		—		—		—		—		—		—		—		5,891			—		—			5,891
March 31, 2025		49,190,204		491,902		—		—		2,000,000		20,000		809,807		(2,935,156	)		39,975		(42,454	)		(1,655,901	)
Net loss		—		—		—		—		—		—		—		(105,855	)		—		—			(105,855	)
June 30, 2025		49,190,204		491,902		—		—		2,000,000		20,000		809,807		(3,041,011	)		39,975		(42,454	)		(1,761,756	)
Net loss		—		—		—		—		—		—		—		(137,860	)		—		—			(137,860	)
September 30, 2025		49,190,204	$	491,902	$	—	$	—		2,000,000	$	20,000	$	809,807	$	(3,178,871	)		39,975	$	(42,454	)	$	(1,899,616	)
	Common Stock				Series A <br> Preferred Stock				Series B <br> Preferred Stock				Additional <br> Paid-in		Accumulated			Treasury Stock					Total <br> Stockholders’
---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---
	Shares		Amount		Shares		Amount		Shares		Amount		Capital		Deficit			Shares		Amount			(Deficit)
December 31, 2023		48,478,678		484,787		—		—		2,000,000		20,000		802,692		(2,490,729			39,975		(42,454	)		(1,225,704	)
Net loss		—		—		—		—		—		—		—		(117,527	)		—		—			(117,527	)
March 31, 2024		48,478,678		484,787		—		—		2,000,000		20,000		802,692		(2,608,256	)		39,975		(42,454	)		(1,343,231	)
Net loss		—		—		—		—		—		—		—		(116,283	)		—		—			(116,283	)
June 30, 2024		48,478,678		484,787		—		—		2,000,000		20,000		802,692		(2,724,539	)		39,975		(42,454	)		(1,459,514	)
Balance		48,478,678		484,787		—		—		2,000,000		20,000		802,692		(2,724,539	)		39,975		(42,454	)		(1,459,514	)
Net loss		—		—		—		—		—		—		—		(77,195	)		—		—			(77,195	)
Net income<br> (loss)		—		—		—		—		—		—		—		(77,195	)		—		—			(77,195	)
September 30, 2024		48,478,678	$	484,787		—	$	—		2,000,000	$	20,000	$	802,692	$	(2,801,734	)		39,975	$	(42,454	)	$	(1,536,709	)
Balance		48,478,678	$	484,787		—	$	—		2,000,000	$	20,000	$	802,692	$	(2,801,734	)		39,975	$	(42,454	)	$	(1,536,709	)

The

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

| 6 |

| --- |

SHOREPOWER

TECHNOLOGIES INC.

CONDENSED

STATEMENTS OF CASH FLOWS

(Unaudited)

	2025			2024
	For the Nine Months Ended <br> September 30,
	2025			2024
Cash Flows from Operating Activities:
Net loss	$	(237,824	)	$	(311,005	)
Adjustments to reconcile net loss to net cash used in operating activities:
Stock compensation		14,230			—
Changes in operating assets and liabilities:
Accounts receivable		(842	)		(14,799	)
Inventory		26,433			(27,680	)
Prepaids		1,322			(3,297	)
Note receivable		—			15,000
Accounts payable and accrued expenses		31,593			1,159
Accrued interest – related party		50,637			50,956
Accrued officer compensation		150,000			136,668
Net cash provided (used) by operating activities		35,549			(152,998	)
Cash Flows from Financing Activities:
Loans from of related party loan		5,000			—
Repayment of related party loan		(5,000	)		(113,244	)
Net cash used by financing activities		—			(113,244	)
Net change in cash		35,549			(266,242	)
Cash, beginning of period		18,332			285,623
Cash, end of period	$	53,881		$	19,381
Supplemental disclosures of cash flow information:
Interest paid	$	—		$	1,956
Income tax paid	$	—		$	—

The

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

| 7 |

| --- |

SHOREPOWER

TECHNOLOGIES INC.

NOTES

TO CONDENSED FINANCIAL STATEMENTS

SEPTEMBER

30, 2025

(Unaudited)

NOTE

1 – ORGANIZATION AND DESCRIPTION OF BUSINESS

Shorepower Technologies Inc. (“SPEV” “Shorepower” “the Company”) (formerly United States Basketball League, Inc) was incorporated in Delaware on May 29, 1984, as a wholly owned subsidiary of Meisenheimer Capital, Inc. (“MCI”) for the purpose of developing and managing a professional basketball league, the United States Basketball League (the “League”).

On

April 7, 2021, through a series of Stock Purchase Agreements (the “Purchase Agreements”), the majority owners of the Company, Richard C. Meisenheimer, Daniel T. Meisenheimer, III, James Meisenheimer, Meisenheimer Capital, Inc. and Spectrum Associates, Inc. (the “Sellers”) sold 2,704,007 common shares which it held, to a new investor group. The Sellers also sold 1,105,644 of SPEV’s preferred stock at a per share price of $.057 per share to EROP Enterprises, LLC. As a result of the sale of common and preferred stock by the Sellers, the Company experienced a change in control.

World

Equity Markets acted in the capacity of a broker/dealer for the Purchase Agreements and was issued 125,000 shares of common stock for its services, and Verde Capital was issued 150,000 shares for Consulting Services. Effective April 7, 2021, the Board of Directors accepted the resignation of Daniel T. Meisenheimer, III as Chairman of the Board of Directors and President of the Company. Effective April 7, 2021, Saeb Jannoun was appointed to fill the vacancy following the resignation of Daniel T. Meisenheimer, III as Chairman of the Board of Directors and President of the Company. Mr. Michael Pruitt also joined the Board.

The Company’s Agreement and Plan of Merger (the “Merger Agreement”) with Shurepower, LLC d/b/a Shorepower Technologies under which Shorepower was merged with and into SPEV (the “Merger”) was closed on March 22, 2023.

Under the terms of the Merger Agreement, Jeff Kim, the prior CEO of Shurepower, LLC and the current CEO of the Company, now owns 26,089,758 of the issued and outstanding shares of the Company’s common stock. 11,000,000 shares of common stock were sold under the Pre-Merger Financing that raised $660,000. Mr. Kim has received 2,000,000 shares of a Series B Preferred stock and the right to receive the following additional shares of SPEV common stock upon achieving the following milestones: (i) an additional 2.5% of the issued and outstanding SPEV Common Stock upon the completion of either (a) the conversion of 75 existing connection points to Level 2 or greater or the (b) installation of 75 new connection points to revenue producing stations in the first 12 months or some combination of the two yielding 75 units, (ii) an additional 2.5% of the of the issued and outstanding SPEV Common Stock upon (a) the application for $10M in grants and/or the (b) the award of $1.0 million in grants in the first 18 months; (iii) an additional 2.5% of the issued and outstanding SPEV common stock outstanding upon the completion of acquisitions in the first 24 months generating no less than $3.0 million in gross revenues and (iv) an additional 500,000 shares of SPEV common stock upon acquiring or hiring the following key personnel in the first six months after the effective date of the merger: (a) three or more qualified Board members and (b) at least three of the following four individuals having the following qualifications: one sales/marketing person, one grant writer/Government relations person, one technician/maintenance person and one software programmer/engineer.

We accounted for the Merger transaction as a recapitalization resulting from the acquisition by a non-operating public company that is not a shell company (as defined in Rule 12b-2 under the Securities Exchange Act of 1934). This accounting treatment as a recapitalization is consistent with Commission guidance promulgated in staff speeches and the SEC Reporting Manual, Topic 12 on Reverse Acquisitions and Recapitalizations. As such, the transaction is outside the scope of FASB ASC 805. Specifically, the Merger transaction was treated as a reverse recapitalization in which the entity that issues securities (the legal acquirer) is determined to be the accounting acquiree, while the entity receiving securities (the legal acquiree) is the accounting acquirer.

| 8 |

| --- |

Under reverse merger accounting (i.e., recapitalization), historical financial statements of Shurepower, LLC (the legal acquiree, accounting acquirer), are presented with one adjustment, which is to retroactively adjust the accounting acquirer’s legal capital to reflect the legal capital of the accounting acquiree. That adjustment is required to reflect the capital of the legal parent (the accounting acquiree). Comparative information presented in the financial statements also is retroactively adjusted to reflect the legal capital of the legal parent (accounting acquiree).

Effective on the date of closing the merger, Saeb Jannoun and Michael D. Pruitt resigned as directors of the Company, and Mr. Jannoun resigned as the CEO. Jeff Kim was appointed as the sole officer and director.

Effective June 20, 2023, the Company’s name was changed to Shorepower Technologies Inc and its ticker symbol to SPEV.

The

Company is a transportation electrification infrastructure manufacturer and service provider of Electric Vehicle Supply Equipment (EVSE), Truck Stop Electrification (TSE) and electric standby Transport Refrigeration Unit (eTRU) stations. They have 60 operational TSE facilities with over 1,800 individual electrified parking spaces in 31 states. Shorepower’s stations are EPA SmartWay-Verified and CARB-Verified. The Company has headquarters in Hillsboro (Portland Area), Oregon and an office in Detroit, Michigan metro area. Shorepower is a certified minority owned business enterprise (MBE). The Company’s management team is comprised of a group of seasoned individuals with knowledge of technology, transportation and heavy-duty vehicles and nearly two decades working together. Combined, the team has managed over $16 million in government contracts and grant funds to deploy transportation electrification throughout the nation.

NOTE

2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

UnauditedInterim Financial Information

The accompanying unaudited condensed financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission (“SEC”), and should be read in conjunction with the audited financial statements and notes thereto contained in the Company’s latest Annual Report on Form 10-K filed with the SEC. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of the results of operations for the interim periods presented have been reflected herein. The results of operations for interim periods are not necessarily indicative of operations for the full year. Notes to the financial statements which would substantially duplicate the disclosures contained in the audited financial statements for the most recent fiscal year, as reported in the Form 10-K for the fiscal year ended December 31, 2024, have been omitted. The condensed unaudited financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America (“US GAAP”).

Effective July 10, 2024, the Company has changed its fiscal year end from February 28 to December 31.

Useof Estimates

The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The Company’s accounting estimates include the collectability of receivables.

Concentrationof Credit Risk

Financial

instruments that potentially expose the Company to concentration of credit risk consist primarily of cash and accounts receivable. The Company’s cash is deposited with major financial institutions. At times, such deposits may be in excess of the Federal Deposit Insurance Corporation insurable amount (“FDIC”). As of September 30, 2025 and December 31, 2024, the Company had no cash in excess of the FDIC’s $250,000 coverage limit.

| 9 |

| --- |

CashEquivalents

The Company considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents. There were no cash equivalents as of September 30, 2025 and December 31, 2024.

Stock-basedCompensation

We account for equity-based transactions with employees and non-employees under the provisions of FASB ASC Topic 718, “Compensation– Stock Compensation” (“Topic 718”), which establishes that equity-based payments to employees and non-employees are recorded at the grant date the fair value of the equity instruments the entity is obligated to issue when the employees and non-employees have rendered the requisite service and satisfied any other conditions necessary to earn the right to benefit from the instruments. Topic 718 also states that observable market prices of identical or similar equity or liability instruments in active markets are the best evidence of fair value and, if available, should be used as the basis for the measurement for equity and liability instruments awarded in these share-based payment transactions. However, if observable market prices of identical or similar equity or liability instruments are not available, the fair value shall be estimated by using a valuation technique or model that complies with the measurement objective, as described in Topic 718.

NetIncome (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 outstanding shares of common stock during the period. The weighted average number of common shares outstanding and potentially outstanding common shares assumes that the Company incorporated as of the beginning of the first period presented. There are no potentially dilutive shares of common stock as of September 30, 2025 and 2024.

AccountsReceivable

Revenues

that have been recognized but not yet received are recorded as accounts receivable. As of September 30, 2025 and December 31, 2024, there is $843 and $0 of accounts receivable, respectively.

Adoptionof CECL

On January 1, 2023, the Company adopted Accounting Standards Update (“ASU”) 2016-13, Financial Instruments—Credit Losses(Topic 326): Measurement of Credit Losses on Financial Instruments (“CECL”), using the modified retrospective method.

The Company maintains an allowance for credit losses (“ACL”) to cover expected lifetime losses on financial assets measured at amortized cost, including account receivables, held-to-maturity debt securities, and loan receivables. The ACL represents management’s best estimate of probable credit losses, determined using historical loss experience, current conditions, and reasonable and supportable forecasts.

Expected credit losses are measured on a collective (pool) basis when similar risk characteristics exist. For assets without similar risk characteristics, the Company evaluates expected losses individually. The Company applies a discounted cash flow approach / loss-rate method / probability-of-default model (customize based on your methodology).

For the nine months September 30, 2024, the Company determined a provision for credit losses was not needed.

| 10 |

| --- |

RevenueRecognition

The Company follows ASC 606, Revenue from Contracts with Customers, the core principle of which is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled to receive in exchange for those goods or services. To achieve this core principle, five basic criteria must be met before revenue can be recognized: (1) identify the contract (or PO) with a customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to performance obligations in the contract; and (5) recognize revenue when or as the Company satisfies a performance obligation. The Company generated revenues from selling power vending stations (charging stations) or services. The Company considers its performance obligations satisfied upon shipment and/or delivery of the purchased products to the customer. The Company evaluates returns from customers purchasing product on a case-by-case basis and generally will issue replacement product in the limited cases of product returns. The Company has no policy requiring cash refunds.

Power usage revenue – Revenue is recognized at the point when a particular charging session is completed.

Service revenue – Revenue is recognized at the point of when service is completed.

Product sales – Revenue is recognized at the point where the customer obtains control of the goods and the Company satisfies its performance obligation, which generally is at the time it ships the product to the customer or installation of the product.

The Company does not have reportable segments, and all sales occurred in the United States.

CustomerConcentration

For the nine months ended September 30, 2025 and 2024, certain customers individually accounted for more than 10% of total revenue. The following table presents revenue from those customers as a percentage of total sales:

SCHEDULE OF CUSTOMERS CONCENTRATION

Customer
Customer A	52.1	%	55.4	%
Customer B	38.9	%	26.5	%
Customer	38.9	%	26.5	%

Costof Revenue

Cost of revenues includes actual product cost, labor, if any, and direct overheard, including utility (electricity) bills, which are applied on a per unit basis.

Revenuesharing arrangement

Revenue-sharing arrangements are recognized gross when the Company has reasonable latitude in establishing the price billed to the end customer and has the primary responsibility to determine the service specifications. The Company receives gross revenues from its customers, then pays the host-sites their revenue share on a quarterly basis. The revenue share varies depending on the site.

RecentlyIssued Accounting Pronouncements

In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which will add required disclosures of significant expenses for each reportable segment, as well as certain other disclosures to help investors understand how the CODM evaluates segment expenses and operating results. The new standard will also allow disclosure of multiple measures of segment profitability if those measures are used to allocate resources and assess performance. The amendments will be effective for public companies for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. The Company adopted this ASU, effective for the year ended December 31, 2024. The adoption had no impact on the Company’s financial statements.

In November 2024, the FASB issued ASU 2024-03, Disaggregation of Income Statement Expenses (“DISE”), which will require additional disclosure of the nature of expenses included in the income statement in response to longstanding requests from investors for more information about an entity’s expenses. This ASU was further clarified by ASU 2025-01, Income Statement (Topic 220):Reporting Comprehensive Income - Expense Disaggregation Disclosures, Disaggregation of Income Statement Expenses, which was issued in December 2024. The new standards require disclosures about specific types of expenses included in the expense captions presented on the face of the income statement as well as disclosures about selling expenses. The new standards will be effective for public companies for fiscal years beginning after December 15, 2026, and interim periods within fiscal years beginning after December 15, 2027. The requirements will be applied prospectively with the option for retrospective application. Early adoption is permitted. The Company is currently evaluating the impact of these accounting standard updates on its financial statements.

| 11 |

| --- |

The Company has implemented all new applicable accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

NOTE

3 – GOING CONCERN

The

accompanying condensed unaudited financial statements have been prepared assuming that 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 shown in the accompanying unaudited condensed financial statements, at September 30, 2025 the Company had a cash balance of $53,881, a negative working capital of $980,937 and an accumulated deficit of $3,178,871. For the nine months ended September 30, 2025 and 2024, the Company had losses of $237,824 and $311,005, respectively. Due to these conditions, it raises substantial doubt about the Company’s ability to continue as a going concern. The financial statements do not include any adjustments relating to the recoverability and classification of asset carrying amounts or the amount and classification of liabilities that may result should the Company be unable to continue as a going concern.

NOTE

4 – INVENTORY

Inventories

are stated at the lower of cost or market. Cost is principally determined using the last-in, first-out (LIFO) method. The Company periodically assesses if any of the inventory has become obsolete or if the value has fallen below cost. When this occurs, the Company recognizes an expense for inventory write down. Total inventory at September 30, 2025 and December 31, 2024 was $18,330 and $44,763, respectively.

NOTE

5 – LOAN PAYABLE

As

of September 30, 2025 and December 31, 2024, the Company has a loan payable to a third party of $111,395 and $111,395, respectively. The loan is non-interest bearing and due on demand.

NOTE

6 – RELATED PARTY TRANSACTIONS

On February 15, 2022, the Company issued a Promissory Note to Jeff Kim, in the amount of $200,000 for funds loaned to the Company on February 15, 2022. The note matures in twenty years and accrues interest at 6.58% per annum. The Company began monthly payments of $1,500 on April 1, 2022. As of September 30, 2025 and December 31, 2024, the balance due on this note is $0 and $0, respectively. As of September 30, 2025 and December 31, 2024, there is $18,817 and $18,817, respectively, of accrued interest on this note.

On March 1, 2022, the Company issued a Promissory Note to Jeff Kim, in the amount of $253,954. The amount of the note is the balance due to Mr. Kim for loans to the Company beginning in 2017. The note matures in ten years and accrues interest at 6.63% per annum beginning April 1, 2023. The Company began monthly payments on April 1, 2023. As of September 30, 2025 and December 31, 2024, the principal balance due on this note is $207,854 and $207,854, respectively. As of September 30, 2025 and December 31, 2024, there is $36,750 and $26,442, respectively, of accrued interest on this note.

On December 31, 2022, the Company issued a Promissory Note to Jeff Kim, in the amount of $1,237,600. The amount of the note is the balance due to Mr. Kim for accrued compensation. The note matures in ten years and accrues interest at 6.42% per annum beginning April 1, 2023. The Company is to begin monthly payments principal and interest on April 1, 2023, or within one year without penalty. On December 31, 2022, Mr. Kim forgave $400,000 of the principal amount of the note. As of September 30, 2025 and December 31, 2024, the principal balance due on this note is $837,600 and $837,600, respectively. As of September 30, 2025 and December 31, 2024, there is $143,530 and $103,201, respectively, of accrued interest on this note.

| 12 |

| --- |

For the nine months ended September 30, 2025 and 2024, the Company recognized interest expense of $

50,903

and $52,911, respectively, associated with the three loans.

For

the three months ended September 30, 2025 and 2024, the Company recognized interest expense of $16,917 and $17,111, respectively, associated with the three loans.

On

March 22, 2023, the Company entered into an executive employment agreement with its executive officer, Jeff Kim. Under the terms of his employment agreement, Mr. Kim’s annual base salary is $200,000 but payment of such salary is subject to the cash flow of the Company as determined by the Board and agreed to by Mr. Kim and any payment cannot exceed $10,000 per month for the nine months from the date of the employment agreement. Additionally, a $2,000 monthly loan payment will be made as part of the merger agreement. Mr. Kim may elect to defer his salary and receive repayment of his current outstanding loans to the Company, not to exceed $10,000 per month, for nine months from the date of his employment agreement. As of September 30, 2025 and December 31, 2024, there is $456,668 and $306,668 of accrued compensation due to Mr. Kim. All salary to date has been deferred.

For

the nine months ended September 30, 2025 and 2024, the Company recognized officer compensation expense of $150,000 and $136,668, respectively.

For

the three months ended September 30, 2025 and 2024, the Company recognized officer compensation expense of $50,000 and $50,000, respectively.

Since

2023 Mr. Kim has paid for some operating expenses on behalf of the Company. As of September 30, 2025 and December 31, 2024, the amounts payable to Mr. Kim were $37,110 and $37,110, respectively.

NOTE

7 – COMMITMENT AND CONTINGENCY

Under Merger Agreement closed March 22, 2023 Jeff Kim is entitled to receive additional common stock if the following milestones are reached: (i) an additional 2.5% of the issued and outstanding Company’s Common Stock upon the completion of either (a) the conversion of 75 existing connection points to Level 2 or greater or the (b) installation of 75 new connection points to revenue producing stations in the first 12 months or some combination of the two yielding 75 units, (ii) an additional 2.5% of the of the issued and outstanding USBL Common Stock upon (a) the application for $10M in grants and/or the (b) the award of $1.0 million in grants in the first 18 months; (iii) an additional 2.5% of the issued and outstanding Company’s common stock outstanding upon the completion of acquisitions in the first 24 months generating no less than $3.0 million in gross revenues and (iv) an additional 500,000 shares of Company’s common stock upon acquiring or hiring the following key personnel in the first six months after the effective date of the merger: (a) three or more qualified Board members and (b) at least three of the following four individuals having the following qualifications: one sales/marketing person, one grant writer/Government relations person, one technician/maintenance person and one software programmer/engineer. As of September 30, 2025, most of the milestone have been met; however, no shares have been issued to date.

NOTE

8 – COMMON STOCK

On

March 14, 2025, the Company issued 711,526 shares of common stock for services. The shares were valued at $0.02, for total non-cash expense of $14,230.

As

of September 30, 2025 and December 31, 2024, there are 49,190,204 and 48,478,678 shares of common stock outstanding, respectively.

NOTE

9 – PREFERRED STOCK

There

are 1,105,644 shares designated as Series A preferred stock (“Series A”). Each share of the Series A has five votes, is entitled to a 2% cumulative annual dividend, and is convertible at any time into shares of common stock.

| 13 |

| --- |

As of September 30, 2025, there were no shares of Series A issued and outstanding.

As part of the merger, the Company designated 2,000,000 of its 10,000,000 shares of authorized preferred stock as Series B preferred. Each Series B preferred share has voting power of 40 shares of the Company’s common stock. The Series B preferred will have no conversion feature.

As

of September 30, 2025 and December 31, 2024, there are 2,000,000 shares of Series B issued and outstanding.

NOTE

10 – WARRANTS

The Company’s warrants as of September 30, 2025, are as follows.

SCHEDULE

OF WARRANT ACTIVITY

			Weighted<br> <br>Average<br> <br>Exercise<br> <br>Price			Intrinsic<br> <br>Value ^(1)^
Outstanding, December 31, 2023	11,000,000		$	0.25	2		-
Issued	—		$	—	—
Expired	—		$	—	—
Exercised	—		$	—	—
Outstanding, December 31, 2024	11,000,000		$	0.25	.15	$	—
Issued	—		$	—	—
Expired	(11,000,000	)	$	—	—
Exercised	—		$	—	—
Outstanding, September 30, 2025	—		$	—	0—	$	—

NOTE

11 – SUBSEQUENT EVENTS

In accordance with ASC 855-10 the Company has analyzed its operations subsequent to September 30, 2025, and to the date these condensed unaudited financial statements were available to be issued and has determined that there are no material subsequent events to disclose in these condensed unaudited financial statements.

| 14 |

| --- |

ITEM

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION.

Forward-looking

Statements

Unless the context indicates otherwise, as used in this Quarterly Report, the terms “SPEV,” “we,” “us,” “our,” “our company” and “our business” refer, to Shorepower Technologies Inc. Certain statements, other than purely historical information, including estimates, projections, statements relating to our business plans, objectives, and expected operating results, and the assumptions upon which those statements are based, are “forward-looking statements.” These forward-looking statements generally are identified by the words “believes,” “project,” “expects,” “anticipates,” “estimates,” “intends,” “strategy,” “plan,” “may,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties which may cause actual results to differ materially from the forward-looking statements. Our ability to predict results or the actual effect of future plans or strategies is inherently uncertain. Factors which could have a material adverse effect on our operations and future prospects include, but are not limited to: changes in economic conditions, legislative/regulatory changes, availability of capital, interest rates, competition, and generally accepted accounting principles. These risks and uncertainties should also be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements.

OVERVIEW

Until March 22, 2023, we were an emerging diversified investment vehicle focused on acquiring equity in companies that we believed were or could be leaders in the markets in which they were involved.

On November 23, 2022, we entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Shurepower, LLC d/b/a Shorepower Technologies (“Shorepower”), under which Shorepower was merged with and into SPEV (formerly “USBL”) The closing occurred on March 22, 2023.

Shorepower is a transportation electrification infrastructure manufacturer and service provider of Electric Vehicle Supply Equipment (EVSE), Truck Stop Electrification (TSE) and electric standby Transport Refrigeration Unit (eTRU) stations. They have 60 operational TSE facilities with over 1,800 individual electrified parking spaces in 31 states. Shorepower’s stations are EPA SmartWay-Verified and CARB-Verified. Shorepower has its headquarters in Hillsboro, Oregon, near Portland, Oregon, and an office in the Detroit, Michigan metro area. Shorepower is a certified minority owned business enterprise (MBE). The Shorepower management team is comprised of a group of seasoned individuals with knowledge of technology, transportation electrification, charging stations and heavy-duty vehicle technologies. Combined, the team has managed over $16 million in government contracts and grant funds to deploy transportation electrification throughout the nation.

Resultsof Operations

Forthe three months ended September 30, 2025 compared to the three months ended September 30, 2024

Revenueand Cost of Revenue

We had total revenue of $8,345 for the three months ending September 30, 2025 compared to $15,442 for the three months ended September 30, 2024, a decrease of $7,097 or 46%. We had costs of revenue of $15,527 and $28,904, respectively, and a deduction for revenue share of $1,435 and $1,422, respectively, for gross margin of ($8,617) and ($14,884), respectively. Our cost of service is included with our salary and wage expense.

ProfessionalFees

For the three months ending September 30, 2025, the company incurred $14,140 of professional fees compared to $13,000 for the three months ending September 30, 2024, an increase of $1,140 or 8.8%. Professional fees generally consist of audit, legal, accounting and investor relation fees. In the current period we have had a $3,000 decrease in audit fees and a $3,000 decrease in legal fees. These decreases were offset by an increase of $7,140 in accounting fees.

Generaland Administrative Expense

For the three months ended September 30, 2025, the company incurred $37,686 of general and administrative expense (“G&A”) compared to $12,045 for the three months ended September 30, 2024, an increase of $25,641 or 212.9%.

ConsultingExpense

For the three months ending September 30, 2025, we recognized $10,500 of consulting expense, compared to $20,155 in the prior period, a decrease of $9,655 or 47.9%.

OfficerCompensation

For the three months ending September 30, 2025, we had officer compensation expense of $50,000, compared to $50,000 for the three months ending September 30, 2024.

| 15 |

| --- |

OtherIncome/Expense

For the three months ending September 30, 2025, we had interest expense of $16,917 compared to interest expense of $17,111 for the three months ended September 30, 2024, a decrease of $194 or 1.1%. We incur interest expense on our related party loans. One of those loans was repaid in August 2024. For the three months ending September 30, 2024, we also received $50,000 of grant income.

NetLoss

For the three months ending September 30, 2025, we had a net loss of $137,860 compared to a net loss of $77,195 for the three months ended September 30, 2024. We had an increase in our net loss due to the increase of our loss from operations and the change from total other income in the prior period to total other expense in the current period.

Forthe nine months ended September 30, 2025 compared to the nine months ended September 30, 2024

Revenueand Cost of Revenue

We had total revenue of $180,124 for the nine months ending September 30, 2025 compared to $52,779 for the nine months ended September 30, 2024, an increase of $127,345 or 241.3%. We had costs of revenue of $65,540 and $59,246, respectively, and a deduction for revenue share of $3,491 and $4,023 respectively, for gross margin of $111,093 and ($10,490), respectively. Our cost of service is included with our salary and wage expense. The increase in revenue is due to new government contracts fulfilled in the current period.

ProfessionalFees

For the nine months ending September 30, 2025, the company incurred $27,417 of professional fees compared to $58,099 for the nine months ended September 30, 2024, a decrease of $30,682 or 52.8%. Professional fees generally consist of audit, legal, accounting and investor relation fees. In the current period we had a $20,000 decrease in audit fees and a $11,755 decrease in legal fees.

Generaland Administrative Expense

For the nine months ending September 30, 2025, the company incurred $78,214 of G&A expense compared to $48,577 for the nine months ended September 30, 2024, a decrease of $29,637 or 61%. In the current period we had an increase for fees related to being a public company of approximately $2,300, insurance expense of approximately $4,300, tax related expenses of approximately $2,400 and $5,600 for outsider services.

ConsultingExpense

For the nine months ended September 30, 2025, we recognized $42,383 of consulting expense, compared to $54,260 in the prior period, a decrease of $11,877 or 21.9%. Our consulting expense is primarily for grant writing, engineering services and other consultants to take advantage of available government contracts and grant application opportunities, and update product offerings.

OfficerCompensation

For the nine months ended September 30, 2025, we had officer compensation expense of $150,000, compared to $136,668 for the nine months ended September 30, 2024. Beginning in April 2024 officer compensation for our CEO increased to $16,667 a month.

OtherIncome/Expense

For the nine months ending September 30, 2025, we had interest expense of $50,903 compared to interest expense of $52,911 for the nine months ending September 30, 2024, a decrease of $2,008 or 3.8%. We incur interest expense on our related party loans. One of those loans was repaid in August 2024. For the nine months ending September 30, 2024, we also received $50,000 of grant income.

| 16 |

| --- |

NetLoss

For the nine months ending September 30, 2025, we had a net loss of $237,824 compared to a net loss of $311,005 for the nine months ended September 30, 2024. We had a decrease of our net loss mainly due to the increase of our net margin

Liquidityand Capital Resources

OperatingActivities

For the nine months ending September 30, 2025, the company was provided with $35,549 of cash from operating activities compared to using $152,998 for the nine months ended September 30, 2024. Our decrease in the amount of cash used in the current period is due to the collection of accounts receivable.

FinancingActivities

During the nine months ended September 30, 2025, we received $5,000 from our CEO for financing activity, which was paid back during the period. During the nine months ended September 30, 2024, we repaid $113,244 to our CEO for loans payable.

OffBalance Sheet Arrangements

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

CriticalAccounting Policies

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities of the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Note 2 to the Financial Statements describes the significant accounting policies and methods used in the preparation of the Financial Statements. Estimates are used for, but not limited to, contingencies and taxes. Actual results could differ materially from those estimates. The following critical accounting policies are impacted significantly by judgments, assumptions, and estimates used in the preparation of the Financial Statements.

ITEM

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

We are a smaller reporting company as defined by Rule 12b-2 of the Exchange Act and, as such, are not required to provide the information under this Item.

ITEM

CONTROLS AND PROCEDURES

DisclosureControls and Procedures

Each of our principal executive and principal financial officer has evaluated the effectiveness of our disclosure controls and procedures, as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), as of the end of the period covered by this quarterly report. Based on their evaluation, each such person concluded that our disclosure controls and procedures were not effective as of September 30, 2025.

In designing and evaluating disclosure controls and procedures, management recognizes that any controls and procedures, no matter how well designed and operated, can provide only reasonable, not absolute assurance of achieving the desired objectives. Also, the design of a control system must reflect the fact that there are resource constraints and the benefits of controls must be considered relative to their costs.

| 17 |

| --- |

Changesin Internal Control over Financial Reporting.

Our management has evaluated whether any change in our internal control over financial reporting occurred during the last fiscal quarter. Based on that evaluation, management concluded that there has been no change in our internal control over financial reporting during the relevant period that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

PART

II - OTHER INFORMATION

ITEM

LEGAL PROCEEDINGS

None

ITEM

1A. RISK FACTORS

We are a smaller reporting company as defined by Rule 12b-2 of the Exchange Act and, as such, are not required to provide the information under this Item.

ITEM

UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

None.

ITEM

DEFAULTS UPON SENIOR SECURITIES

None

ITEM

MINE SAFETY DISCLOSURES

Not applicable

ITEM

OTHER INFORMATION

None

ITEM

EXHIBITS

Exhibit<br><br> <br>No.	Description
31.1	Certification of the Chief Executive Officer and Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
32.1	Certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
101.INS	Inline<br> XBRL Instance Document
101.SCH	Inline<br> XBRL Taxonomy Extension Schema Document
101.CAL	Inline<br> XBRL Taxonomy Calculation Linkbase Document
101.DEF	Inline<br> XBRL Taxonomy Extension Definition Linkbase Document
101.LAB	Inline<br> XBRL Taxonomy Label Linkbase Document
101.PRE	Inline<br> XBRL Taxonomy Presentation Linkbase Document
104	Cover<br> Page Interactive Data File (formatted as Inline XBRL and contained in exhibit 101).

| 18 |

| --- |

SIGNATURES

In accordance with Section 13 or 15(d) of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

SHOREPOWER TECHNOLOGIES INC.
Dated:<br> November 13, 2025
	/s/ Jeff Kim
	Jeff<br> Kim
	President<br> and Chief Executive Officer<br><br> <br>(Principal<br> Executive Officer, Principal Financial Officer and Principal Accounting Officer)

| 19 |

| --- |

Exhibit31.1

CERTIFICATIONPURSUANT TO

18U.S.C. ss 1350, AS ADOPTED PURSUANT TO

SECTION302 OF THE SARBANES-OXLEY ACT OF 2002

I, Jeff Kim, certify that:

1.	I<br> have reviewed this Quarterly Report on Form 10-Q of Shorepower Technologies Inc.;
2.	Based<br> on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary<br> to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to<br> the period covered by this report;
3.	Based<br> on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material<br> respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in<br> this report;
4.	I<br> am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a- 15(e) and<br> 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant<br> and have:
a.	Designed<br> such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision,<br> to ensure that material information relating to the registrant, is made known to us by others within those entities, particularly<br> during the period in which this report is being prepared;
---	---
b.	Designed<br> such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our<br> supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements<br> for external purposes in accordance with generally accepted accounting principles;
c.	Evaluated<br> the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about<br> the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation;<br> and
d.	Disclosed<br> in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s<br> most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected,<br> or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
5.	I<br> have disclosed, based on my most recent evaluation of internal control over financial reporting, to the registrant’s auditors<br> and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):
---	---
a.	All<br> significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are<br> reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information;<br> and
---	---
b.	Any<br> fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s<br> internal control over financial reporting
Date:<br> November 13, 2025
---	---
	/s/ Jeff Kim
	Jeff<br> Kim
	Chief<br> Executive Officer and Chief Financial Officer
	(Principal<br> Executive Officer, Principal Financial Officer and Principal Accounting Officer)

Exhibit32.1

CERTIFICATIONPURSUANT TO

18U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO

SECTION906 OF THE SARBANES-OXLEY ACT OF 2002

I, Jeff Kim, hereby certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1)	the<br> Quarterly Report on Form 10-Q of Shorepower Technologies Inc. for the quarter ended September 30, 2025 (the “Report”)<br> fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
(2)	the<br> information contained in the Report fairly presents, in all material respects, the financial condition and results of operations<br> of Shorepower Technologies Inc.
Dated:<br>November 13, 2025
---	---
	/s/ Jeff Kim
	Jeff<br> Kim
	President,<br> Chief Executive Officer, Chief Financial
	Officer,<br> and Director
	(Principal<br> Executive Officer, Principal Financial
	Officer<br> and Principal Accounting Officer)