国家美国大学控股有限公司 2025年度报告

A Delaware Corporation 4020 Jackson Blvd, Suite 1Rapid City, SD 57702( 6 0 5 ) 7 2 1 - 5 2 0 0https://www.national.edu SIC Code:822101 Quarterly ReportFor Quarter Ended November 30, 2025 The number of shares outstanding of our Common Stock is 24,715,070 as of November 30, 2025. OTCQB: NAUH Indicate by check mark whether the company is a shell company (as defined in Rule 405 of the Securities Act of 1933 andRule 12b-2 of the Exchange Act of 1934): Yes:No:√ Indicate by check mark whether the company’s shell status has changed since the previous reporting period: Yes:No:√ Indicate by check mark whether a change in control of the company has occurred over this reporting period: Yes:No:√ National American University Holdings, Inc.Information and Disclosure Statement All information contained in this Annual Information and Disclosure Statement has been compiled to fulfill thedisclosure requirements of OTC Markets Group, Inc. and Rule 15c2-11 under the Securities Exchange Act of1934. The captions contained herein correspond to the sequential format as set forth in the applicable Forward-Looking Statements This Annual Information and Disclosure Statement contains "forward-looking statements" as that term isdefined in the Private Securities Litigation Reform Act of 1995. All statements except historical statementscontained herein constitute “forward-looking statements.” Forward-looking statements are inherently uncertainand are based only on current expectations and assumptions that are subject to future developments that maycause results to differ materially. Readers should carefully consider: (i) economic, competitive, technologicaland governmental factors affecting operations, customers, markets, services, products and prices of NationalAmerican University Holdings, Inc. (“NAUH”); (ii) risk factors affecting the private for-profit higher educationindustry; and (iii) other factors discussed in NAUH's annual reports, quarterly reports, Information andDisclosure Statements and other documents posted from time to time on the OTCQB website (available at Item 1Exact name of the issuer and the address of its principal executive offices Item 2Shares outstanding November 30, 2025Number of Shares Authorized1,000,000Number of Shares Outstanding0Total Number of Shareholders of Record0 Class A Common Stock Number of Shares AuthorizedNumber of Shares OutstandingTotal Number of Shareholders of Record Please refer to Financial Statements Footnote #6 for Stockholders’ Equity notes. Item 3Interim Financial Statements The following pages contain National American University Holdings, Inc.’s quarterly consolidated balancesheet, consolidated statement of operations, and consolidated statements of cash flow. National American University Holdings, Inc. and SubsidiaryUnaudited Consolidated Balance Sheets as of November 30, 2025(In thousands) National American University Holdings, Inc. and SubsidiaryUnaudited Consolidated Statements of IncomeFor the Six Months Ended November 30, 2025 National American University Holdings, Inc. and SubsidiariesNotes to Condensed Consolidated Financial StatementsAs of and for the Quarter and Year to Date Ended November 30, 2025 1.Statement Presentation and Basis of ConsolidationThe accompanying financial statements are presented on a consolidated basis and include the accounts of National American University Holdings, Inc. (“NAUH”), its wholly owned subsidiary, Dlorah, Inc. (“Dlorah”),and its division, National American University (“NAU” or the “University”). The accompanying consolidated financial statements have been prepared in accordance with accountingprinciples generally accepted in the United States of America (“U.S. GAAP”). Throughout the notes to theconsolidated financial statements, amounts in tables are in thousands of dollars, except for share and pershare data or as otherwise designated. The Company’s fiscal year-end is May 31. These financial Unless the context otherwise requires, the terms “we”, “us”, “our” and the “Company” used throughout thisdocument refer to National American University Holdings, Inc., and its wholly owned subsidiary, Dlorah,which operates National American University. Use of EstimatesThe preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts and disclosures reported in the financial statements.On an ongoing basis, the Company evaluates its estimates and assumptions. Actual results could differ Financial Condition and LiquidityFor the period ended November 30, 2025, net cash used in operating activities was approximately $0.05 million and the operating income was approximately $0.04 million. As of November 30, 2025, the workingcapital deficit was approximately $3.4 million, and the stockholders’ deficit was approximately $1.1 million. During the quarter ended November 30, 2025, the Company continued implementation of an operationalplan that focuses o