雾麻科技 2026年季度报告

☒Yes☐No Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). ☐Yes☒No As of February 6, 2026, there were 57,289,864 shares of common stock outstanding. TABLE OF CONTENTS six months ended December 31, 2025 and 20243Unaudited Condensed Consolidated Statements of Cash Flows for the six months ended December 31, 2025and 20244 FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q (the “Quarterly Report”), and any documents we incorporate by reference, contain, ormay contain, certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Suchforward-looking statements involve significant risks and uncertainties. All statements contained in this Quarterly Report and in anyexhibits, other than statements of historical facts, are forward-looking statements including statements regarding our strategy, futureoperations, future financial position, future revenue, projected costs, prospects, plans, objectives of management and expected market The words “may,” “will,” “could,” “would,” “should,” “believes,” “expects,” “anticipates,” “estimates,” “intends,” “plans,”“potential” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements, ●our goals and growth strategies; ●our expectations regarding demand for and market acceptance of our brand and platforms; ●our future business development, results of operations and financial condition; ●the actual timing for and results of the PMTAs described herein, and other FDA review of the our products indevelopment ●our ability to successfully operate our manufacturing facility in Malaysia; ●our ability to establish material relationships with suppliers other than Shenzhen Yi Jia Technology Co., Limited(“Shenzhen Yi Jia”); ●the effect of regulations relating to the marketing and sale of vaping products in the United States and other countries; ●our ability to maintain and improve our infrastructure necessary to operate our business; ●competition in the vaping industry; ●the expected growth of, and trends in, the markets for our products and services in the markets in which jurisdictions thatwe sell our products; ●the development of a market for cannabis vaping products outside of the United States, including the legalization ofcannabis in certain European countries; ●the expected growth of, and trends in, the markets for our products and services in the markets in which jurisdictions thatwe sell our products; ●the effect of supply chain issues on our ability to manufacture and our ability and the ability of our distributors todistribute product; ●our ability to compete successfully in selling both tobacco and cannabis vapor products, the expected growth of, andtrends in, the markets for our products and services in jurisdictions that we sell or plan to sell our products; ●government policies and regulations relating to our operations, including regulations relating to the sale and distributionof our vaping products and those relating to manufacturing operations; ●our ability to develop and maintain effective disclosure controls and procedures, and internal controls over financialreporting; ●our ability to comply with the continued listing standards of the Nasdaq Capital Market; ●our ability to attract and retain qualified senior management personnel and research and development staff; ●the volatility of our operating results and financial condition and the price of our common stock; ●the prospects of our joint venture with Touch Point Worldwide Inc. d/b/a Berify and Chemular Inc; ●general economic and business condition in China and elsewhere; ●assumptions underlying or related to any of the foregoing; and●other risks and uncertainties, including those listed in the “Risk Factors” section of this this Quarterly Report and ourAnnual Report on Form 10-K for the fiscal year ended June 30, 2025, filed with the SEC on September 15, 2025. These forward-looking statements are only predictions and we may not actually achieve the plans, intentions or expectationsdisclosed in our forward-looking statements, so you should not place undue reliance on our forward-looking statements, which speakonly as of the date of this Quarterly Report or, in the case of any exhibits hereto, the date of those documents. Actual results or eventscould differ materially from the plans, intentions and expectations disclosed in the forward-looking statements we make. We havebased these forward-looking statements largely on our current expectations and projections about future events and trends that webelieve may affect our business, financial conditio