Advasa Holdings Inc 2026年季度报告

FORM 10-Q (Mark One)☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period endedJune 30, 2026 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number:001-43445 ADVASA HOLDINGS, INC. (Exact name of registrant as specified in its charter) 1-2-7 Moto-AkasakaMinato-ku, Tokyo, 107-0051 Japan(Address of principal executive offices) (Zip Code) Phone: +81-3-6868-5538(Registrant’s telephone number, including area code) N/A(Former name, former address and former fiscal year, if changed since last report) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for 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 submittedpursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant 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, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer☐Non-accelerated filer☒Emerging growth company☒ Accelerated filer☐Smaller reporting company☒ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying 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).☐Yes☒No As of August 12, 2026, the registrant had 487,065,702 shares of common stock issued and outstanding. TABLE OF CONTENTS PART I — FINANCIAL INFORMATION4Item 1.Financial Statements.4Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations.5Item 3.Quantitative and Qualitative Disclosure About Market Risk.13Item 4.Controls and Procedures.13PART II — OTHER INFORMATION15Item 1.Legal Proceedings.15Item 1A.Risk Factors.15Item 2.Unregistered Sales of Equity Securities and Use of Proceeds.15Item 3.Defaults Upon Senior Securities.15Item 4.Mine Safety Disclosures.15Item 5.Other Information.15Item 6.Exhibits.15Signatures162 Cautionary Note Regarding Forward-Looking Statements This Quarterly Report on Form 10-Q contains forward-looking statements that reflect our current expectations and views of futureevents, all of which are subject to risks and uncertainties. Forward-looking statements give our current expectations or forecasts offuture events. All statements, other than statements that relate strictly to present or historical fact included in this Quarterly Report,such as statements regarding our future financial performance, strategy, operations, financial position, estimated revenues and losses,projected costs, prospects, plans, and objectives of management are forward-looking statements. You can find many (but not all) ofthese statements by the use of words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,”“might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “will,” “would,” and other similar expressions in this QuarterlyReport. You must carefully consider any such statements and should understand that many factors could cause actual results to differfrom our forward-looking statements. No forward-looking statement can be guaranteed, and actual future results may vary materially. As a result of various known and unknown risks and uncertainties, our actual results or performance may differ materially fromthose expressed or implied by these forward-looking statements. These include, among other factors: ●our ability to successfully maintain increases in our sales;●our ability to successfully execute our growth strategy;●our ability to expand in existing and new markets;●our projected growth;●macroeconomic conditions and other economic factors;●our ability to compete with many other Earned Wage Access (EWA) providers;●our reliance on vendors, suppliers and distributors;●minimum wage increases and mandated employee benefits that could cause a significant increase in our labor costs;●the failure of our automated equipment or information technology systems or the breach of our network security;●the loss of key members of our managemen