SUIC Worldwide Holdings Ltd 10-Q for FY2026 Q1

SUIC Worldwide Holdings Ltd. (SUIC)

10-Q 2026-05-14 For: 2026-03-31

Added on May 14, 2026

About this 10-Q

SUIC Worldwide Holdings Ltd filed this 10-Q on May 14, 2026, covering the quarter ended March 31, 2026 (FY2026 Q1).

Headline figures

Quarter ended March 31, 2026, as reported in this filing, compared with the same period a year earlier where the filing states it.

Revenue: $20K; compared with $0 a year earlier
Net loss: $15.04K; compared with a net loss of $29.98K a year earlier

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Non-accelerated filer	☐	Smaller reporting company	☒
		Emerging growth company	☐

Item 1.	Financial Statements (Unaudited)
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	4
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	7
Item 4.	Control and Procedures	7

Item 1.	Legal Proceedings	8
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	8
Item 3.	Defaults Upon Senior Securities	8
Item 4.	Mine Safety Disclosures.	8
Item 5.	Other Information.	8
Item 6.	Exhibits	9
SIGNATURES		10

Table of Contents		Page(s)
Balance Sheets at March 31, 2026 (Unaudited) and December 31, 2025		F-1
Statements of Operations for the Three Months Ended March 31, 2026 and 2025		F-2
Statement of Stockholders’ Deficiency for the Three Months Ended March 31, 2026 and 2025		F-3
Statements of Cash Flows for the Three Months Ended March 31, 2026 and 2025		F-4
Notes to the Financial Statements (Unaudited)		F-5 - F-12

	March 31, 2026			December 31, 2025
ASSETS
CURRENT ASSETS:
Cash	$	12,195		$	8,560
Total Current Assets		12,195			8,560
NONCURRENT ASSETS:
Other interest receivables		—			—
Other loans receivables		1,231			1,231
Total Non-Current Assets	$	1,231		$	1,231
Total Assets	$	13,426		$	9,791

LIABILITIES AND STOCKHOLDERS' DEFICIENCY
CURRENT LIABILITIES:
Accounts payable	$	1,190			—
Credit card payable		31,463		$	30,531
Loans payables- others		259,445			259,445
Short term debts		125,259			114,355
Accrued salary payable		1,000			—
Accrued interest payable		133,068			128,424
Other payables - related party		76,000			76,000
Total Current Liabilities	$	627,425		$	608,755
NON-CURRENT LIABILITIES:
Convertible promissory notes- other	$	279,000		$	279,000
Total Non-Current Liabilities	$	279,000		$	279,000
Total Liabilities	$	906,425		$	887,755

Stockholders’ Deficiency
Common stock, $0.001 par value, 394,500,000 shares authorized; 11,396,638 shares and 11,396,638 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively		11,397			41,544
Additional paid-in capital		1,757,068			1,726,921
Accumulated deficit		(2,661,464	)		(2,646,429	)
Total Stockholders' Deficiency	$	(892,999	)	$	(877,964	)
Total Liabilities and Stockholders' Deficiency	$	13,426		$	9,791

	Three Months Ended March 31,
	2026			2025
REVENUE
Consulting revenue	$	20,000		$	—
Cost of revenue		(10,000	)		—
Gross Profit		10,000			—

OPERATING EXPENSES
General and administrative expenses		18,658			12,038
Total operating expenses		18,658			12,038

OPERATING INCOME (LOSS)		(8,658	)		(12,038	)

OTHER INCOME (EXPENSE):
Bank charges refund		—			3,008
Interest expense – other		(1,733	)		(680	)
Interest expense - related party		(4,644	)		(4,569	)
Bad debts expense		—			(15,702	)
Total other income/(expense)		(6,377	)		(17,943	)

INCOME/(LOSS) BEFORE TAXES		(15,035	)		(29,981	)
Provision of federal income tax		—			—
NET INCOME/(LOSS)	$	(15,035	)	$	(29,981	)

Basic net income/(loss) per common share:	$	0.00		$	0.00
Diluted net income/(loss) per common share	$	0.00		$	0.00
Average common shares outstanding – Basic and Diluted		11,380,354			11,380,354

	Common Stock				Additional		Accumulated
	Number of Shares		Amount		Paid-in Capital		Earnings (Deficit)			Total
Balance, December 31, 2025		11,396,638	$	11,397	$	1,757,068	$	(2,646,428	)	$	(877,964	)

Net loss								(15,035	)		(15,035	)

Balance, March 31, 2026		11,396,638	$	11,397	$	1,757,068	$	(2,661,464	)	$	(892,999	)

Balance, December 31, 2024		11,396,638	$	41,544	$	1,711,691	$	(2,526,784	)	$	(773,550	)

Net loss								(29,981	)		(29,981	)

Balance, March 31, 2025		11,396,638	$	41,544	$	1,711,691	$	(2,556,766	)	$	(803,531	)

	·	Fintech - Through Boom Fintech, the major subsidiary of Beneway USA, the company holds nine revolutionary fintech patents. Boom Fintech integrates payment systems, electronic invoice devices, mobile cash registers, POS system devices and ERP, as well as Big Data, AI and other services, to all-in-one products that provide standardized intellectual property that’s modular to all industries, from chain department stores to night market vendors. Beneway Holdings Group connects borrowers and lenders, building strategic partnerships by bridging the various stakeholders to provide a holistic financial delivery ecosystem and to integrate advanced systems and finance its global merchants and franchisees.
	·	Food Industry Supply Chain Integration – SUIC and Beneway will partner with international trade financiers to support the huge demand for raw material import/export between the U.S. and Asia. SUIC and Beneway are looking to raise funds from an IPO and the capital markets to support mergers and acquisitions of U.S. mid- and upper-stream food industry suppliers.
	·	Global Chain & Franchise Expansion –Through I.Hart catering group, SUIC and Beneway are working to bring reputable and distinguished overseas food product brands to the U.S. and around the world. It is working on integrating more successful chains to enter the U.S. chain and franchise market in all 50 states. It is replicating its successful multi-branding business model and teaming up with top U.S. real estate firms, shopping malls and associated groups for faster expansion.
	·	Other Supply Chain Integration - Beneway has identified several additional industries for future expansion, including medical and health care, high-tech digital AI systems, environmental protection and energy-related production.

	·	Level 1 inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets.
	·	Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the assets or liability, either directly or indirectly, for substantially the full term of the financial instruments.
	·	Level 3 inputs to the valuation methodology are unobservable and significant to the fair value measurement.

Date	Description	March 31, 2026		December 31, 2025
October 1, 2017	Loan granted convertible to 65 million shares of common stock of the Company.	$	65,000	$	65,000
December 1, 2018	Loan granted convertible to 20 million shares of common stock of the Company.	$	20,000	$	20,000
January 29, 2019	Loan granted convertible to 15 million shares of common stock of the Company.	$	15,000	$	15,000
June 1, 2019	Loan granted convertible to 50 million shares of common stock of the Company.	$	50,000	$	50,000
July 1, 2019	Loan granted convertible to 20 million shares of common stock of the Company	$	12,000	$	12,000
December 1, 2019	Loan granted convertible to 20 million shares of common stock of the Company.	$	20,000	$	20,000
January 22, 2020	Loan granted convertible to 35 million shares of common stock of the Company.	$	35,000	$	35,000
June 1, 2020	Loan granted convertible to 12 million shares of common stock of the Company.	$	12,000	$	12,000
August 25, 2020	Loan granted convertible to 25 million shares of common stock of the Company.	$	25,000	$	25,000
December 28, 2020	Loan granted convertible to 25 million shares of common stock of the Company.	$	25,000	$	25,000
Total:		$	279,000	$	287,000

Balances.		$	279,000	$	279,000

·	Holding Period (Rule 144): Restricted securities acquired directly from the company or an affiliate in a private transaction cannot be sold immediately. The holder must generally hold the shares for at least six months to one year, depending on whether the company is current with its SEC filings.
·	Legend Removal: Restricted shares carry a restrictive legend on the certificate, which serves as a warning that they cannot be sold without registration or an exemption. To sell, the holder must work with the company's transfer agent to remove this legend.
·	Resale Requirements: Even after the holding period, sales must typically be made in compliance with SEC Rule 144, which may include volume limitations, manner of sale requirements, and filing notice with the SEC, especially if the holder is an affiliate.
·	Information Requirements: Because SUIC is traded on the OTC market, the ability to sell under Rule 144 depends heavily on the company satisfying "current public information" requirements, meaning it must have filed its reports with the SEC.
·	Vesting Requirements (if granted to employees): Restricted shares or RSUs (Restricted Stock Units) granted to employees or affiliates are usually subject to vesting conditions, such as continued employment or performance milestones, before they can be transferred or sold

	March 31, 2026
Description	Amount ($)
Statutory Federal Tax	$	0
State and local income tax	$	0
Change in valuation	$	0
Total provision (benefit)	$	0

	Three Months Ended March 31,
	2026			2025
Pre-tax (loss)	$	(15,035	)	$	(29,981	)

U.S. federal corporate income tax rate		21	%		21	%

Expected U.S. income tax expense(credit)	$	(3,157	)	$	(6,296	)

Change of valuation allowance		3,157			6,296

Effective tax expense	$	—		$	—

Exhibit No.		Description
31.1		Chief Executive Officer Certification of Periodic Financial Report Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
31.2		Chief Financial Officer Certification of Periodic Financial Report Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
32.1		Chief Executive Officer Certification Pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes Oxley Act of 2002.
32.2		Chief Financial Officer Certification Pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes Oxley Act of 2002
101		The following materials from SUIC Worldwide Holdings Ltds Quarterly Report on Form 10-Q for the period ended March 31, 2026 are formatted in eXtensible Business Reporting Language (XBRL): (i) the Balance Sheet; (ii) the Statement of Comprehensive Income; (iii) the Statements of Cash Flows, and (iv) Notes to Financial Statements. This Exhibit 101 is deemed not filed for purposes of Sections 11 or 12 of the Securities Act of 1933 and Section 18 of the Securities Exchange Act of 1934, and otherwise is not subject to liability under these sections.

1.	I have reviewed this quarterly report on Form 10-Q of SUIC WORLDWIDE HOLDINGS LTD. (the “Registrant”);

2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the Registrant as of, and for, the periods presented in this report;

4.	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-15(f) and 15d-15(f)) for the Registrant and have:

	(a)	Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under 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 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 (the registrant’s fourth fiscal quarter in the case of annual report) that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting; and

	(a)	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registrant’s ability to record, process, summarize and report financial information; and

	(b)	Any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant’s internal control over financial reporting.

	(1)	The Report fully complies with the requirements of section 13(a) or 15(d), as applicable 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 Registrant.