10-K
E-Smart Corp. (ESMR)
U.S. SECURITIESAND EXCHANGE COMMISSION
Washington,D.C. 20549
FORM 10-K
[X]
ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Forthe fiscal year ended August 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 No. 333-275161
| E-SMART CORP. | ||
|---|---|---|
| (Exact name of registrant as specified in its charter) | ||
| Nevada | 7371 | EIN 35-2810816 |
| --- | --- | --- |
| (State or Other Jurisdiction of<br><br> <br>Incorporation or Organization) | (Primary Standard Industrial<br><br> <br>Classification Number) | (IRS Employer<br><br> <br>Identification Number) |
Diana Vasylenko
7311 Oxford Ave
Philadelphia,
PA 19111
Tel. +1620-3079197
Email: office@e-smart.io
(Address, including zip code,
and telephone number, including area code,
of registrant’s principal executive offices)
BizFilings
8020 Excelsior Dr #200, Madison, WI 53717
**Tel.**1-800-981-7183
**Email:**info@BizFilings.com
(Name, address, including zip code, and telephone number, including area code, of agent for service)
Securities registered pursuant to Section 12(b) of the Act: None
Securities registered pursuant to section 12(g) of the Act: None
Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes No [X]
Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes No [X]
Indicate by checkmark whether the issuer: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes [X] No [ ]
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes [X] No [ ]
| Large accelerated<br> filer | [ ] | Accelerated<br> filer | [ ] |
|---|---|---|---|
| Non-accelerated filer | [X] | Smaller reporting company | [X] |
| Emerging<br> growth company | [X] |
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. [ ]
If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements [ ]
Indicate by checkmark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes [ ] No [X]
Applicable Only to Issuer Involved in Bankruptcy Proceedings During the Preceding Five Years. N/A
The aggregate market value of voting stock held by non-affiliates of the registrant, as of August 31, 2025, the last business day of the registrant’s most recently completed fiscal year , was $0.
Indicate by checkmark whether the issuer has filed all documents and reports required to be filed by Section 12, 13 and 15(d) of the Securities Exchange Act of 1934 after the distribution of securities under a plan confirmed by a court. Yes [ ] No [X]
| Class | Outstanding as of November 26, 2025 |
|---|---|
| Common Stock: $0.001 | 5,799,469 |
TABLE OF CONTENTS
| PART I | ||
|---|---|---|
| ITEM 1 | Description of Business | 5 |
| ITEM 1A | Risk Factors | 6 |
| ITEM 1B | Unresolved Staff comments | 6 |
| ITEM 2 | Properties | 6 |
| ITEM 3 | Legal Proceedings | 6 |
| ITEM 4 | Mine Safety Disclosures | 6 |
| PART II | ||
| ITEM 5 | Market for Registrant’s Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities | 7 |
| ITEM 6 | Selected Financial Data | 7 |
| ITEM 7 | Management's Discussion and Analysis of Financial Condition and Results of Operations | 8 |
| ITEM 7A | Quantitative and Qualitative Disclosures about Market Risk | 10 |
| ITEM 8 | Financial Statements and Supplementary Data | 10 |
| ITEM 9 | Changes In and Disagreements with Accountants on Accounting and Financial Disclosure | 10 |
| ITEM 9A | Controls and Procedures | 10 |
| ITEM 9B | Other Information | 12 |
| ITEM 9C | Disclosure Regarding foreign Jurisdictions that Prevent Inspections | 12 |
| PART III | ||
| ITEM 10 | Directors, Executive Officers, Promoters and Control Persons of the Company | 13 |
| ITEM 11 | Executive Compensation | 14 |
| ITEM 12 | Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters | 14 |
| ITEM 13 | Certain Relationships and Related Transactions | 15 |
| ITEM 14 | Principal Accountant Fees and Services | 15 |
| PART IV | ||
| ITEM 15 | Exhibits | 16 |
| ITEM 16 | Form 10-K Summary | 16 |
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Forward-LookingStatements
This annual report contains forward-looking statements. These statements relate to future events or our future financial performance. These statements often can be identified by the use of terms such as "may," "will," "expect," "believe," "anticipate," "estimate," "approximate" or "continue," or the negative thereof. We intend that such forward-looking statements be subject to the safe harbors for such statements. We wish to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Any forward-looking statements represent management's best judgment as to what may occur in the future. However, forward-looking statements are subject to risks, uncertainties and important factors beyond our control that could cause actual results and events to differ materially from historical results of operations and events and those presently anticipated or projected. We disclaim any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statement or to reflect the occurrence of anticipated or unanticipated events.
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PART I
Item 1. Description of Business
E-Smart Corp. (“the Company”, “we”, “us” or “our”) was incorporated on June 6, 2023 under the laws of the State of Nevada United States of America. E-Smart Corp. is an innovative digital platform that aims to revolutionize the tattoo industry by efficiently connecting tattoo artists and clients. Our platform is designed to enhance efficiency, simplifying the client-artist interaction process to meet the requirements of both clients and tattoo studios.
Our platform ensures a seamless experience for all users, providing a comprehensive database of skilled tattoo artists. Artists can easily showcase their exceptional work, and expand their client base. By including essential information and direct links to their social media profiles, we facilitate convenient access for users to view portfolios and initiate contact with their preferred artists. Masters interested in joining our platform shall contact us through our designated contacts and apply for inclusion in the database. Our primary executive office is located at 7311 Oxford Ave Philadelphia, PA 19111, and we can be reached via phone at +16203079197.
Our Web Site
Our website is located at https://e-smart.io.
Monetization Strategy
Our monetization strategy includes offering an API - AI textual tattoo idea generator, enabling businesses and developers to leverage our technology to enhance their own products and services.
Businesses and developers can integrate this technology into their products and services by subscribing to the API. This API is provided on a subscription basis, offering different tiers such as a 14-day pass and a 30-day pass. To obtain an AI key for API access, users can choose a pricing plan on our website and initiate contact by using the designated button, submitting their request. Additionally, we are exploring other revenue avenues, including premium features, and strategic partnerships with tattoo-related businesses.
Exploring collaborations with tattoo supply companies, tattoo equipment manufacturers, and other industry partners is essential for long-term growth and revenue diversification.
Continuous assessment of market trends and customer feedback will guide us in refining and expanding the functionality of our platform to unlock additional monetization opportunities.
Competition
E-Smart operates in a highly competitive landscape within the tattoo industry, where innovation and efficient customer engagement are critical for success. The Company's digital platform aims to revolutionize the way tattoo artists and clients interact, focusing on time-saving solutions and a comprehensive range of services.
5
Promotionand Marketing
We have budgeted funds to promote our platform to attract a diverse user base, including tattoo artists and clients. Our comprehensive advertising campaign aims to increase platform visibility and drive user acquisition. To effectively reach our target audience, we will leverage social media marketing, online advertising channels, and strategic partnerships with industry influencers. We plan to develop compelling promotional materials, including videos, to showcase the platform's features and benefits, generating excitement and engagement. Depending on the availability of funds, we may engage with promotional firms to accelerate our marketing efforts. Consideration will be given to investing in a year-long subscription for Google Adwords, providing a quality SEO campaign to improve our search engine visibility.
SignificantEmployees
We do not currently have any significant employees aside from Ms. Vasylenko.
Item 1A.Risk Factors
Not required for smaller reporting companies.
Item 1B.Unresolved Staff Comments
Not required for smaller reporting companies.
Item 2.Properties
We maintain our statutory registered agent's office at, USA and current location is at 7311 Oxford Ave, Philadelphia, PA 19111. Our phone number is +16203079197.
Item 3.Legal Proceedings
We are not currently a party to any legal proceedings, and we are not aware of any pending or potential legal actions.
Item 4.Mine Safety Disclosures
Not Applicable.
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PART II
Item 5.Market for Registrant’s Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities
The company stock is not trading at the moment.
RegisteredHolders of our Common Stock
As of August 31, 2025, the 5,799,469 issued and outstanding shares of common stock were held by a total of 32 shareholder of record.
Dividends
The Company has never declared or paid cash dividends on its common stock and does not anticipate paying cash dividends in the foreseeable future.
RecentSales of Unregistered Securities
During our fiscal years ended August 31, 2025 and 2024, we had no sales of unregistered shares.
IssuerPurchases of Equity Securities
During the fiscal year ended August 31, 2025 and 2024, the Company did not repurchase any shares of its Common Stock.
Item 6.Selected Financial Data
Not applicable to smaller reporting companies.
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Item 7.Management’s Discussion and Analysis of Financial Condition and Results of Operations
We are a development stage corporation with limited operations and minimal revenues from our business operations.
The following discussion of our financial condition and results of operations should be read in conjunction with (i) our audited financial statements as of August 31, 2025, that appear elsewhere in this filing. This filing contains certain forward-looking statements and our future operating results could differ materially from those discussed herein. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward- looking statements. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. We disclaim any obligation to update any such factors or to announce publicly the results of any revisions of the forward -looking statements contained herein to reflect future events or developments.
In General
E-Smart Corp. (“Company”) was incorporated on June 06, 2023 under the laws of Nevada. We are a Nevada-incorporated Company focused on creating a platform that facilitates interaction between tattoo artists and enthusiasts. Our product serves as a combined professional profile and artistic showcase for tattoo artists, enabling them to present their expertise and history in an aesthetically pleasing format. This platform simplifies the process for employers to identify and locate skilled artists within their vicinity. Moreover, our service offers users the capability to generate preliminary tattoo sketches through an AI-driven tattoo design tool.
E-Smart is a dynamic and forward-thinking digital platform that connects tattoo artists and clients seamlessly. By leveraging advanced technologies, offering comprehensive services, and prioritizing user convenience, we provide an unparalleled experience for all stakeholders in the tattoo industry.
Plan of Operations
Fiscalyear ended August 31, 2025 compared to fiscal year ended August 31, 2024
During the years ended August 31, 2025 and 2024 we have generated $29,247 and $11,562 in revenues, respectively.
Our net loss for the fiscal year ended August 31, 2025 was $68,034 compared to a net loss of $41,236 during the fiscal year ended August 31, 2024.
Operating expenses incurred were $87,388 during fiscal year ended August 31, 2025 compared to $45,925 during fiscal year ended August 31, 2024. Operating expenses consist primarily of accumulated depreciation, server rental expenses, and professional services expenses.
8
The number of shares outstanding was 5,799,469 and 4,500,000 for the fiscal years ended August 31, 2025 and 2024, respectively.
Liquidity and CapitalResources
Fiscalyear ended August 31, 2025 and 2024
As of August 31, 2025, our total assets were $141,281 consisting of $6,825 current assets, $20,274 other current assets and $114,182 intangible assets. As of August 31, 2024, our total assets were $149,488 consisting of $546 cash and $148,942 intangible assets.
Cash Flows from Operating Activities
For the year ended August 31, 2025, net cash flows used in operating activities was $43,452. For the year ended August 31, 2024, net cash flows used in operating activities was $10,973.
Cash Flows from Investing Activities
There was no net cash flow from investing activities for the year ended August 31, 2025. For the year ended August 31, 2024, net cash flows generated from investing activities was $157,300.
Cash Flows from Financing Activities
For the year ended August 31, 2025, net cash flows provided by financing activities was $49,731 from director loan and capital stock. For the year ended August 31, 2024, net cash flows provided by financing activities was $168,594 from director loan.
Off-Balance Sheet Arrangements
We have no off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources.
CriticalAccounting Policies
The discussion and analysis of our financial condition and results of operations are based upon our financial statements, which have been prepared in accordance with the accounting principles generally accepted in the United States of America. Preparing financial statements requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, and expenses. These estimates and assumptions are affected by management’s application of accounting policies. We believe that understanding the basis and nature of the estimates and assumptions involved with the following aspects of our financial statements is critical to an understanding of our financial statements.
9
Use ofEstimates
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 disclosure of contingent assets and liabilities at the date of the financial statements. The estimates and judgments will also affect the reported amounts for certain expenses during the reporting period. Actual results could differ from these estimates and judgments.
RecentAccounting Pronouncements
The Company considers all new pronouncements and management has determined that there have been no recently adopted or issued accounting standards that had or will have a material impact on its financial statements
Item 7A.Quantitative and Qualitative Disclosures about Market Risk
Not applicable to smaller reporting companies.
Item 8.Financial Statements and Supplementary Data
The Company’s Financial Statements required by Item 8, together with the reports thereon of the Independent Registered Public Accounting Firm are set forth on pages F-1 through F-11 of this report and are incorporated by reference in this Item 8.
Item9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
We have had no changes in or disagreements with our independent registered public accountant.
Item 9A.Controls and Procedures. Disclosure Controls and Procedures
Disclosure controls and procedures are designed to ensure that information required to be disclosed in the reports filed or submitted under the Exchange Act is recorded, processed, summarized and reported, within the time period specified in the SEC’s rules and forms, and that such information is accumulated and communicated to management, including the CEO and CFO, as appropriate, to allow timely decisions regarding required disclosures. Our management necessarily applied its judgment in assessing the costs and benefits of such controls and procedures, which, by their nature, can provide only reasonable assurance regarding management’s control objectives.
10
Our management, with the participation of our CEO, evaluated the effectiveness of the design and operation of our disclosure controls and procedures as of the end of the period covered by this Report. Based upon this evaluation, our CEO concluded that our disclosure controls and procedures were not effective because of the identification of a material weakness in our internal control over financial reporting which is described below.
Management’sReport on Internal Control Over Financial Reporting
Our management is responsible for establishing and maintaining adequate internal control over financial reporting, as such term is defined in Exchange Rule 13a-15(f). Our internal control over financial reporting is a process designed to provide reasonable assurance to our management and board of directors regarding the reliability of financial reporting and the preparation of the financial statements for external purposes in accordance with U.S. GAAP.
Our internal control over financial reporting includes those policies and procedures that (i) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of our assets; (ii) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with U.S. GAAP and our receipts and expenditures are being made only in accordance with authorizations of our management and directors; and (iii) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of our assets that could have a material effect on our financial statements.
A material weakness is a deficiency, or combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the Company’s annual or interim financial statements will not be prevented or detected on a timely basis. In its assessment of the effectiveness of internal control over financial reporting as of August 31, 2025, the Company determined that there were control deficiencies that constituted material weaknesses, as described below.
The Company does not have an adequate internal control structure or adequate oversight over financial reporting – The Company has only one member of management whom is also the Company’s sole director, therefore the Company lacks adequate segregation of duties. Further, the Company currently has no Audit Committee. While not being legally obligated to have an audit committee, it is management’s view that such a committee, including a financial expert member, is an utmost important entity level control over the Company’s financial statement. Currently the Board of Directors acts in the capacity of the Audit Committee, and does not include a member that is considered to be independent of management to provide the necessary oversight over management’s activities. Lastly, due to the minimal operations and small size of the Company we have not employed individuals that have the necessary accounting knowledge and expertise to ensure accurate financial reporting under US GAAP.
The Company lacks appropriate information technology controls - As of August 31, 2025, the Company retains copies of all financial data and material agreements; however, there is no formal procedure or evidence of normal backup of the Company’s data or off-site storage of data in the event of theft, misplacement, or loss due to unmitigated factors.
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Accordingly, the Company concluded that these control deficiencies resulted in a reasonable possibility that a material misstatement of the annual or interim financial statements will not be prevented or detected on a timely basis by the company’s internal controls.
As a result of the material weaknesses described above, management has concluded that the Company did not maintain effective internal control over financial reporting as of August 31, 2025, based on criteria established in Internal Control- Integrated Framework issued by COSO in 2013.
Changesin Internal Control Over Financial Reporting
There were no changes in our internal control over financial reporting that occurred during the year ended August 31, 2025, that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.
Item 9B.Other Information
None.
Item 9C.Disclosures Regarding Foreign Jurisdictions that Prevent Inspections
Not Applicable.
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PART III
Item 10.Directors, Executive Officers, and Corporate Governance
The name, age and titles of our executive officer and Director are as follows:
| Name and Address of Executive<br><br> <br>Officer and/or Director | Age | Position |
|---|---|---|
| Diana Vasylenko<br><br> <br>7311 Oxford Ave Philadelphia,<br> PA 19111 | 26 | President, Treasurer, Secretary and Director (Principal Executive, Financial and Accounting Officer) |
The person named above has held his offices/positions since the inception of our Company and is expected to hold said offices/positions until the next annual meeting of our stockholders.
Resume
Diana Vasylenko has served as our Director since the inception of E-Smart Corp. on June 6, 2023.
In 2020, she graduated from Prague University of Economics and Business with a degree in International Business.
In addition, Ms. Vasylenko expanded her skillset by undertaking an IT course in 2018, specifically the 'IT Professional Certification Program,' which has equipped her with a solid foundation in information technology. Furthermore, she completed a brand management course in 2021, which provided her with expertise in strategic brand development, market positioning, and effective brand communication strategies. This strategic decision aligns her expertise in the beauty and body art industry with brand management principles, enhancing her ability to strategically position and promote our products and services.
Our sole Director devotes 40 hours a week to planning and organizing the activities of E-Smart Corp. She is not engaged in any full-time employment or significant business commitments apart from her responsibilities at E-Smart Corp.
Codeof Business Conduct
We have not adopted a Code of Business Conduct within the meaning of Item 406(b) of Regulation S-K.
BoardCommittees
We do not have any Board Committees.
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Item 11.Executive Compensation
The table below summarizes the total compensation earned by each of our named executive Officers (“NEOs”) for each of the fiscal years listed.
Summary Compensation Table
| Name | Position | Year | Salary ($) | Bonus ($) | Stock Awards ($) | Option Awards ($) | Non-Equity Incentive Plan<br><br> <br>Compensation ($) | All Other Compensation | Total Compensation ($) |
|---|---|---|---|---|---|---|---|---|---|
| Diana Vasylenko | President, Treasurer, Secretary and Director | 2025 | -0- | -0- | -0- | -0- | -0- | -0- | -0- |
| 2024 | -0- | -0- | -0- | -0- | -0- | -0- | -0- |
Since Inception on June 6, 2023, Diana Vasylenko only member of our Board of Director was not compensated for her services.
Item 12.Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matter
Directorsand Executive Officers
The following table sets forth the beneficial ownership (and the percentages of outstanding shares represented by such beneficial ownership) as of August 31, 2025 of (i) each director, (ii) the current NEOs named in the “Summary Compensation Table” contained in this Form 10-K and (iii) all current directors and executive officers as a group. Except as otherwise indicated, we believe that the beneficial owners of the common stock listed below, based on information provided by such owners, have sole investment and voting power with respect to such shares, subject to community property laws where applicable. Persons, who have the power to vote or dispose of common stock of the Company, either alone or jointly with others, are deemed to be beneficial owners of such common stock.
| Beneficial Owner* | Number of Shares | Owned Percent of Class** |
|---|---|---|
| Diana Vasylenko | 4,500,000 | 77.59% |
(*) Beneficial ownership is determined in accordance with the rules of the SEC which generally attribute beneficial ownership of securities to persons who possess sole or shared voting power and/or investment power with respect to those securities.
(**) Percent of class is calculated on the basis of the number of fully diluted shares outstanding on November 26, 2025 - 5,799,469.
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Item 13.Certain Relationships and Related Transactions, and Director Independence
Certain Relationships and Related Transactions
It is our practice and policy to comply with all applicable laws, rules and regulations regarding related person transactions, including the Sarbanes-Oxley Act of 2002. A related person is an executive officer, director or more than 5% stockholder of E-Smart Corp., including any immediate family members, and any entity owned or controlled by such persons. Our Board of Directors (excluding any interested director) is charged with reviewing and approving all related-person transactions, and a special committee of our Board of Directors is established to negotiate the terms of such transactions. In considering related-person transactions, our Board of Directors considers all relevant available facts and circumstances.
On June 30, 2023, the Company issued 4,500,000 shares of common stock to its President and Director, Diana Vasylenko, at $0.001 per share.
During the year ended August 31, 2025, Diana Vasylenko loaned $20,493 to the Company. Accrued interest expense of $9,898 for the year ended May 31, 2025 was recorded as additional paid-in capital. Total debt was $200,790 as of August 31, 2025.
Item 14.Principal Accountant Fees and Services
Set forth below is a summary of certain fees paid to our independent audit
Victor Mokuolu CPA PLLC for services for the fiscal years 2025 and 2024, respectively.
| Fee Category | Fiscal Year<br><br> <br>2025 | Fiscal Year<br><br> <br>2024 | ||
|---|---|---|---|---|
| Audit Fees | $ | 17,423 | $ | 14,600 |
| Tax Fees | — | — | ||
| All Other Fees | — | — | ||
| Total | $ | 17,423 | $ | 14,600 |
AuditFees
Audit fees were for professional services rendered in connection with the audit of our annual financial statements set forth in our Annual Reports on Form 10-K, the review of our quarterly financial statements set forth in our Quarterly Reports on Form 10-Q and consents for other SEC filings.
15
PART IV
Item 15.Exhibit and Financial Statement Schedules
FinancialStatements and Schedules
The following financial statements and schedules listed below are included in this Form 10-K.
1)Financial Statements:
| Report of Independent Registered Public Accounting Firm (PCAOB Firm ID 6771) | F-1 |
|---|---|
| Balance Sheets as of August 31, 2025 and 2024 | F-2 |
| Statements of Operations for the years ended August 31, 2025 and 2024 | F-3 |
| Statements of Changes in Stockholders’<br> Equity (Deficit) for the years ended<br><br> <br>August 31, 2025 and 2024 | F-4 |
| Statements of Cash Flows for the years ended August 31, 2025 and 2024 | F-6 |
| Notes to Financial Statements | F-6 to F-11 |
2)Financial Statement Schedules:
Not applicable.
3) Exhibits
Item 16.Form 10-K Summary
None.
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) 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 on November 26, 2025.
| E-SMART CORP**.** |
|---|
| By:/s/ Diana Vasylenko |
| Diana Vasylenko, President and Chief Executive Officer |
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INDEX TOFINANCIAL STATEMENTS
E-SMARTCORP.
TABLEOF CONTENTS
| Report of Independent Registered Accounting Firm (ID 6771) | F-1 |
|---|---|
| Balance Sheets as of August 31, 2025 and 2024 | F-2 |
| Statements of Operations for the Years ended August 31, 2025 and 2024 | F-3 |
| Statements of Changes in Stockholders’ Equity/ (Deficit) for the Years ended August 31, 2025 and 2024 | F-4 |
| Statements of Cash Flows for the Years ended August 31, 2025 and 2024 | F-5 |
| Notes to the Financial Statements | F-6-F-11 |
17
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTINGFIRM
To the Board of Directors and Stockholders of
E-Smart Corp
Opinion on the Financial Statements
We have audited the accompanying balance sheets of E-Smart Corp. (“the Company”) as of August 31, 2025 and 2024, the related statements of operations, changes in stockholders' equity (deficit), and cash flows for each of the two years in the period ended August 31, 2025, and the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of August 31, 2025 and 2024, and the results of its operations and its cash flows for the two-year period ended August 31, 2025, in conformity with accounting principles generally accepted in the United States of America.
Substantial Doubt about the Company's abilityto continue as a Going Concern
The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 2 of the financial statements, the Company is currently experiencing losses and has not yet secured a stable revenue stream to cover its operating costs over a prolonged period. In addition, the Company had an accumulated deficit of $130,249 and negative working capital of $193,889 as of August 31, 2025. These factors raise substantial doubt about its ability to continue as a going concern. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.
Basis for Opinion
These financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on the Company’s financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion.
Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.
| Victor<br> Mokuolu , CPA PLLC |
|---|
| We have served as the Company’s auditor since 2024. |
| Houston, Texas |
| November 26, 2025<br><br> <br>PCAOB ID: 6771 |
F-1
E-SmartCorp.
Balance Sheets
As of August 31, 2025 and 2024
| August 31, 2025 | August 31, 2024 | ||
|---|---|---|---|
| ASSETS | |||
| Current Assets | |||
| Cash and cash equivalents | 6,825 | $ | 546 |
| Prepaid Expenses | 20,274 | - | |
| Total Current Assets | 27,099 | 546 | |
| Intangible assets | |||
| Intangible assets | 173,800 | 173,800 | |
| Accumulated amortization | (59,618) | (24,858) | |
| Total Intangible assets | 114,182 | 148,942 | |
| Total Assets | 141,281 | $ | 149,488 |
| STOCKHOLDERS’ DEFICIT AND LIABILITIES | |||
| Liabilities | |||
| Current Liabilities | |||
| Related Party Loans | 200,790 | $ | 180,297 |
| Accounts Payable | 198 | - | |
| Total Current Liabilities | 200,988 | 180,297 | |
| Total Liabilities | 200,988 | 180,297 | |
| Stockholders’ Deficit | |||
| Common stock, par value 0.001; 75,000,000<br> shares authorized, 5,799,469 and 4,500,000<br> shares issued and outstanding at August 31, 2025 and 2024, respectively | 5,799 | 4,500 | |
| Additional Paid-in Capital | 44,742 | 6,905 | |
| Accumulated deficit | (110,249) | (42,215) | |
| Total Stockholders’ Deficit | (59,708) | (30,810) | |
| Total Liabilities and Stockholders’ Deficit | 141,281 | $ | 149,488 |
All values are in US Dollars.
See accompanyingnotes, which are an integral part of these financial statements
F-2
E-SmartCorp.
Statements of Operations
For the Years Ended August 31, 2025 and 2024
| For the year ended August 31, 2025 | For the year ended August 31, 2024 | |||
|---|---|---|---|---|
| REVENUES | $ | 29,289 | $ | 11,935 |
| Discounts given | (42) | (373) | ||
| GROSS PROFIT | 29,247 | 11,562 | ||
| OPERATING EXPENSES | ||||
| General and Administrative Expenses | 87,388 | 45,925 | ||
| TOTAL OPERATING EXPENSES | (87,388) | (45,925) | ||
| LOSS FROM OPERATIONS | (58,141) | (34,363) | ||
| OTHER INCOME (LOSS) | ||||
| Interest Income | 5 | 32 | ||
| Interest Expense | (9,898) | (6,905) | ||
| TOTAL OTHER INCOME (LOSS) | (9,893) | (6,873) | ||
| PROVISION FOR INCOME TAXES | - | - | ||
| NET LOSS | $ | (68,034) | $ | (41,236) |
| NET LOSS PER SHARE: BASIC AND DILUTED | $ | (0.01) | $ | (0.01) |
| WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED | 5,510,942 | <br><br> <br><br><br> <br>4,500,000 |
See accompanyingnotes, which are an integral part of these financial statements
F-3
E-SmartCorp.
Statements of Changes in Stockholders’ Equity(Deficit)
For the Years Ended August 31, 2025 and 2024
| Common Stock | Additional Paid-in Capital | **** | Accumulated<br>Deficit | Total Stockholders’ Equity/Deficit | |||||
|---|---|---|---|---|---|---|---|---|---|
| Shares | Amount | ||||||||
| Balance as of August 31, 2023 | 4,500,000 | $ | 4,500 | $ | - | $ | (979) | $ | 3,521 |
| Net Loss for the Period | - | - | - | (41,236) | (41,236) | ||||
| Imputed Interest | - | - | 6,905 | - | 6,905 | ||||
| Balance as of August 31, 2024 | 4,500,000 | $ | 4,500 | $ | 6,905 | $ | (42,215) | $ | (30,810) |
| Common Shares Issued for Cash | 1,299,469 | 1,299 | 27,939 | - | 29,238 | ||||
| Imputed Interest | - | - | 9,898 | - | 9,898 | ||||
| Net Loss for the Period | - | - | - | (68,034) | (68,034) | ||||
| Balance as of August 31, 2025 | 5,799,469 | $ | 5,799 | $ | 44,742 | <br><br> <br><br><br> <br>$ | (110,249) | $ | (59,708) |
See accompanyingnotes, which are an integral part of these financial statements
F-4
E-SmartCorp.
Statements of Cash Flows
For the Years Ended August 31, 2025 and 2024
| For the year ended<br><br> <br>August 31, 2025 | For the year ended<br><br> <br>August 31, 2024 | |||
|---|---|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES | ||||
| Net loss for the period | $ | (68,034) | $ | (41,236) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||||
| Amortization | 34,760 | 24,858 | ||
| Accounts Payable | 198 | (1,500) | ||
| Prepaid Expense | (20,274) | - | ||
| Imputed Interest | 9,898 | 6,905 | ||
| Cash flows used in Operating Activities | (43,452) | (10,973) | ||
| CASH FLOWS FROM INVESTING ACTIVITIES | ||||
| Intangible Assets | - | (157,300) | ||
| Cash flows used in Investing Activities | - | (157,300) | ||
| CASH FLOWS FROM FINANCING ACTIVITIES | ||||
| Director Loan (proceeds /repayment) | 20,493 | 168,594 | ||
| Issuance of capital stock | 29,238 | - | ||
| Cash Flows provided by Financing Activities | 49,731 | 168,594 | ||
| NET CHANGE IN CASH | 6,279 | 321 | ||
| Cash, beginning of period | 546 | 225 | ||
| Cash, end of period | $ | 6,825 | $ | 546 |
| SUPPLEMENTAL CASH FLOW INFORMATION: | ||||
| Interest paid | $ | - | $ | - |
| Income taxes paid | $ | - | $ | - |
See accompanyingnotes, which are an integral part of these financial statements
F-5
E-SmartCorp.
Notes tothe Financial Statements
Years endedAugust 31, 2025 and 2024
Note 1 – Organization and nature of business
E-Smart Corp. (“Company,” “we,” “us,” or “our”) was incorporated on June 6, 2023, under the laws of the State of Nevada, USA. E-Smart Corp. is an innovative digital platform designed to improve the efficiency and simplify the client-artist interaction process, meeting the needs of both clients and tattoo shops.
Our platform provides an extensive database of experienced tattoo artists. Artists can easily showcase their work and expand their client base. By adding up-to-date information and direct links to social media profiles, we provide users with convenient access to portfolios and the opportunity to connect with their favorite artists. Artists interested in joining our platform should contact us using the contact information provided and apply to be included in our database.
Note 2 – Going Concern
The accompanying financial statements have been prepared in conformity with generally accepted accounting principles, which contemplate continuation of the Company as a going concern. The Company currently has losses and has not completed its efforts to establish a stabilized source of revenues sufficient to cover operating costs over an extended period of time. Therefore, there is substantial doubt about the Company’s ability to continue as a going concern. Management anticipates that the Company will be dependent, for the near future, on additional investment capital to fund operating expenses The Company intends to position itself so that it will be able to raise additional funds through the capital markets. In light of management’s efforts, there are no assurances that the Company will be successful in this or any of its endeavors or become financially viable and continue as a going concern.
E-Smart Corp. has generated $29,247 of revenue and incurred a net loss of $68,034 for the year ended August 31, 2025, additionally, its reporting an accumulated deficit since inception of $110,249 as of August 31, 2025.
The Company's capacity to operate as a going concern is reliant on its ability to generate profitable operations in the future and/or secure the required funding to meet its obligations and settle liabilities resulting from standard business operations when they become due. Management plans to finance operational expenses for the next twelve months by using available cash on hand, as well as loans from directors and/or a private offering of Common Stock.
F-6
Note3 – Summary of Significant Accounting Policies
Basis of presentation
The accompanying financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America. The Company’s year end is August 31.
Use of Estimates
The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.
FairValue of Financial Instruments
FASB ASC Topic 820, "Fair Value Measurement," defines fair value as the exchange price that would be received for an asset or paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. The standards apply to recurring and nonrecurring fair value measurements of financial and non-financial assets and liabilities. The Company determines the fair values of its assets and liabilities based on a fair value hierarchy that includes three levels of inputs that may be used to measure fair value.
The three levels are defined as follows:
| Level 1: | defined as observable inputs such as quoted prices in active markets; |
|---|---|
| Level 2: | defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; |
| Level 3: | defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions. |
Cashand Cash Equivalents
The Company considers all highly liquid investments with the original maturities of three months or less to be cash equivalents. The Company had $6,825 and $546 of cash as August 31, 2025 and 2024, respectively.
F-7
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.
As of August 31, 2025 and 2024, prepaid expenses amounted
to $20,274 and $0, respectively. The balance of prepaid expenses as of August 31, 2025 relates to 12-month server lease and SEO (Search Engine Optimization) services for the same period. The 12-month server lease and SEO services were not recognized under ASC 842 due to the Company's election not to apply the recognition requirements of ASC 842 to short-term leases (leases with a term of twelve months or less). The balance will be amortized on a straight-line basis over the 12-month term.
Accounts Payable
Accounts Payable discloses a liability to a creditor,
carried on open account, usually for purchases of goods and services. As of August 31, 2025, the Company had accounts payable of $198.
Depreciation, Amortization, and Capitalization
The Company records depreciation and amortization when appropriate using the straight-line balance method over the estimated useful life of the assets. We estimate that the useful life of equipment is 5 years. Expenditures for maintenance and repairs are charged to expense as incurred. Additions, major renewals and replacements that increase the useful life are capitalized. Property sold or retired, together with the related accumulated depreciation is removed from the appropriate accounts and the resultant gain or loss is included in net income. As of August 31, 2025, the Company had accumulated amortization of $59,618.
IncomeTaxes
Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized.
All income tax amounts reflect the use of the liability method under accounting for income taxes. Income taxes are provided for the tax effects of transactions reported in the financial statements and consist of taxes currently due plus deferred taxes arising primarily from differences between financial and tax reporting purposes. Current year expense represents the amount of income taxes paid, payable or refundable for the period.
F-8
Deferred income taxes, net of appropriate valuation allowances, are determined using the tax rates expected to be in effect when the taxes are actually paid. Valuation allowances are recorded against deferred tax assets when it is more likely than not that such assets will not be realized. When an uncertain tax position meets the more likely than not recognition threshold, the position is measured to determine the amount of benefit or expense to recognize in the financial statements.
The Company’s income tax returns are subject to review and examination by federal, state and local governmental authorities. As of August 31, 2025, there is no year currently under examination with federal, state and local governmental authorities. To the extent penalties and interest are incurred through an examination, they would be included in the income tax section of the statement of operations.
BasicIncome (Loss) Per Share
The Company computes income (loss) per share in accordance with FASB ASC 260 “Earnings per Share”. Basic loss per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted income (loss) per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive.
RevenueRecognition
Under Accounting Standards Codification No. 606, "Revenue from Contracts with Customers" ("ASC 606"), the Company recognizes revenue when control of promised goods or services is transferred to customers in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services. ASC 606 establishes a five-step model for revenue recognition:
1. Identify the contract with the customer: The Company enters into subscription agreements for its API (Application Programming Interface) services with customers. The Company offers the "AI Powered Tattoo Artist," a subscription-based API service that utilizes artificial intelligence to generate custom tattoo designs. The "AI Powered Tattoo Artist" API is available through both a free trial plan with limited features and paid subscription plans for different amount of API requests.
2. Identify the performance obligations in the contract: The Company's performance obligation is providing access to its API services for the subscription period.
3. Determine the transaction price: The transaction price is the fixed amount agreed upon in the subscription agreement, adjusted for any variable consideration such as discounts or rebates.
4. Allocate the transaction price to the performance obligations: The transaction price is allocated entirely to the performance obligation of API access.
F-9
Recognize revenue when (or as) the performance obligation is satisfied: Revenue is recognized over time as API access is provided, typically ratably over the subscription period.
During
the year ended August 31, 2025 and 2024 the Company recorded revenue of $29,247 and $11,562, respectively. As of August 31, 2025 and 2024, the Company did not recognize deferred revenue or accounts receivable.
Recent Accounting Pronouncements
We have reviewed all the recently issued, but not yet effective, accounting pronouncements and we do not believe any of these pronouncements will have a material impact on the Company.
Note4 – Intangible Assets
Intangible assets relate to the website and API software, which the Company purchased on June 30, 2023. The Website was put on use on August 30, 2023 and amortization is expected to cover a period of 5 years. As of August 31, 2025, the amount of intangible assets is $173,800 consisting of website and API. Amortization expense for the year ended August 31, 2025 was $34,760. Accumulated amortization as of August 31, 2025 was $59,618.
Intangible assets amounts are as follows:
| Website Development | Ai-Powered Tattoo Cost Calculator Api | Total | ||||
|---|---|---|---|---|---|---|
| Estimated Useful Life (Years) | 5 | 5 | ||||
| Total Cost of the Asset | $ | 81,000 | $ | 92,800 | $ | 173,800 |
| Accumulated Amortization at August 31, 2025 | (29,858) | (29,760) | (59,618) | |||
| Net Book Value at August 31, 2025 | $ | 51,142 | $ | 63,040 | $ | 114,182 |
| Amortization Expense for year ended August 31, 2025 | $ | 16,200 | $ | 18,560 | $ | 34,760 |
Note5 –Common Stock
The Company has 75,000,000, $0.001 par value shares of common stock authorized.
On June 30, 2023, the Company issued 4,500,000 shares of common stock to its President and Director, Diana Vasylenko, at $0.001 per share.
During the year ended August 31, 2025, the Company issued 1,299,469 shares of common stock for cash proceeds at $0.0225 per share for a total of $29,238.
As
of August 31, 2025, the Company had 5,799,469 shares issued and outstanding.
F-10
Note 6 –Related Party
Effective June 6, 2023, the Company entered a Loan Agreement with its CEO. The lender agreed to lend a total of $70,000 payable in applicable installments over the 5-year term of the loan. No interest or fees shall accrue or be payable on the loan. Effective November 14, 2023, the CEO agreed to increase maximum amount of the loan to $220,000.
As of August 31, 2025 and 2024, the amount due to a related party was $200,790
and $180,297, respectively.
Imputed interest expense of $9,898 and $6,905 for the year ended August
31, 2025 and 2024 was recorded as additional paid in capital.
Note 7 – Commitmentsand Contingencies
In the normal course of business, the Company may become a party to litigation matters involving claims against it. As of August 31, 2025, there are no current matters that would have a material effect on the Company’s financial position or results of operations.
Note 8 – SubsequentEvents
In accordance with FASB ASC Topic 855 “Subsequent Events”, the Company has analyzed its operations subsequent to August 31, 2025, and has determined that it does not have any material subsequent events to disclose in these financial statements
F-11
Exhibit 19
INSIDER TRADING POLICY OF E-SMART CORP.
1. Statement of Policy
E-Smart Corp. (the “Company”) has adopted this Insider Trading Policy (the “Policy”) to ensure that all individuals associated with the Company comply with applicable U.S. federal securities laws.
This Policy is intended to:
- Promote ethical conduct;
- Prevent improper or unlawful trading in the Company’s securities;
- Protect the Company and its personnel from legal and reputational risk.
This Policy applies to all directors, officers, employees, temporary personnel, consultants, contractors, and any members of their households or entities they control (“Insiders”).
2. Overview of Insider Trading Restrictions
Insiders are prohibited from engaging in any transaction involving the Company’s securities while in possession of material nonpublic information (“MNPI”).
This prohibition covers:
- Purchases and sales of Company stock or derivatives;
- Transfers, gifts, option exercises (unless cashless and pre-approved);
- Recommendations or inducements for third parties to trade;
- Disclosure of MNPI to any other person (“tipping”).
These prohibitions apply regardless of whether the transaction would result in a profit or loss.
3. Definition of Material Nonpublic Information
Material Information
Information is deemed material if:
- A reasonable investor would consider it important; or
- It could reasonably be expected to influence the market price of Company securities.
Nonpublic Information
Information is nonpublic until it has been widely disseminated through public channels and at least two full trading days have passed.
Examples of MNPI include, without limitation:
- Unreleased quarterly or annual results;
- Significant customer or supplier changes;
- M&A discussions or strategic transactions;
- Cybersecurity incidents;
- Financing plans;
- Changes in key management;
- Regulatory actions or investigations.
4. Trading Blackout Periods
To reduce the likelihood of inadvertent violations, the Company imposes Quarterly Blackout Periods during which Insiders may not trade.
Quarterly Blackout Periods typically begin:
- On the 15th day of the last month of each fiscal quarter,
and end:
- At market open on the second trading day following public release of financial results.
The Company may implement Special Blackout Periods at any time if circumstances warrant. All Insiders must comply immediately upon notification.
5. Pre-Clearance of Transactions
The following individuals must obtain written clearance from the Compliance Officer before conducting any transaction involving Company securities:
- Directors;
- Executive officers;
- Employees designated as “Restricted Insiders”;
- Any person notified individually by the Company.
Clearance is valid for five (5) business days unless revoked earlier.
6. Prohibited Transactions and Practices
To ensure compliance and protect shareholder interests, the following transactions are strictly prohibited, regardless of whether MNPI is possessed:
- Short sales of Company securities;
- Margin accounts or use of Company securities as collateral without prior approval;
- Hedging or monetization arrangements, including:
| - | prepaid variable forward contracts, |
|---|---|
| - | equity swaps, |
| --- | --- |
| - | collars, |
| --- | --- |
| - | exchange funds; |
| --- | --- |
- Derivative trading involving options, warrants, or similar instruments;
- Day-trading in Company securities.
7. Confidentiality of Information
All Insiders must safeguard nonpublic Company information and must not share it except in the normal course of business and only with individuals who have a legitimate need to know.
Electronic files, draft documents, and verbal communications must be secured appropriately.
8. Reporting Violations and Enforcement
Any suspected violations of this Policy or applicable law must be promptly reported to the Compliance Officer, the General Counsel, or the Company's confidential reporting hotline.
Violations may result in:
- Disciplinary action (up to and including termination);
- Civil penalties;
- Criminal penalties;
- Reputational harm to the individual and the Company.
9. Certifications
The Company may require periodic written certifications from Insiders confirming that they have read, understood, and will comply with this Policy.
10. Amendments and Administration
This Policy may be amended, supplemented, or restated at any time by the Company’s Board of Directors.
The Compliance Officer is responsible for administering day-to-day oversight and communicating updates.
11. Effective Date
This Policy is effective as of November 26, 2025, and supersedes any prior policies addressing insider trading or personal securities transactions.
Approved by the Board of Directors of E-Smart Corp.
Exhibit 31.1
CERTIFICATION PURSUANT TO 18 U.S.C. SECTION1350,
AS ADOPTED PURSUANT TO
SECTION 302 OF THE SARBANES-OXLEY ACT 2002
I, Diana Vasylenko, certify that:
1. I have reviewed the Annual Report on Form 10-K of E-SMART CORP.;
2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3. Based on my knowledge, the consolidated financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting as defined in Exchange Act Rules 13a-15d- 15(f) for the registrant and we have:
a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of consolidated financial statements for external purposes in accordance with generally accepted accounting principles;
c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
a) All significant deficiencies and material weaknesses in the design or operation of internal controls over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.
Dated: November 26, 2025
\ By: /s/ Diana Vasylenko
Name: Diana Vasylenko
Title: President, Chief Executive Officer, Treasurer, Secretary and Director
(Principal Executive, Financial and Accounting Officer)
Exhibit No. 32.1
CERTIFICATION PURSUANT TO
18 U.S.C. SECTION 1350,
AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002
In connection with the Annual Report on Form 10-K for thee fiscal year ended August 31, 2025 of E-SMART CORP. (the “Company”) as filed with the Securities and Exchange Commission on the date hereof (the “Report”), Diana Vasylenko, Principal Executive, Financial and Accounting Officer of the Company, certifies, to the best of his knowledge, pursuant to 18 U.S.C. §1350, as adopted pursuant to §906 of the Sarbanes-Oxley Act of 2002, that:
(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.
Dated: November 26, 2025
\ By: /s/ Diana Vasylenko
Name: Diana Vasylenko
Title: President, Chief Executive Officer, Treasurer, Secretary and Director
(Principal Executive, Financial and Accounting Officer)