Recent developments include management and board changes, a significant acquisition of vending machine assets, and a corporate name and ticker symbol change approved by FINRA in early 2026. The company continues to face liquidity challenges and legal proceedings.

• On February 3, 2025, a major shareholder sold approximately 50% of outstanding shares and resigned as CEO; new CEO and board members were appointed shortly thereafter [S1].
• On June 30, 2025, the company acquired SUPA Food Services LLC, issuing 250 million shares for vending machines and assuming related party debt [S1].
• On January 30, 2026, FINRA approved the company's name change to SUPA Consolidated Inc. and ticker symbol change to SFCX [S1].
• As of December 31, 2025, the company had no full-time employees and relies on directors, officers, and third-party consultants for operations [S1].
• The company disclosed substantial doubt about its ability to continue as a going concern due to liquidity and operating losses as of December 31, 2025 [S1].
• The company is defending a lawsuit filed in January 2026 alleging breach of a consulting agreement, with motions to dismiss pending [S1].

The company has completed a strategic pivot from transportation technology to food technology, acquiring physical assets and intangible customer contracts that could serve as a foundation for future operations. Management is actively evaluating partnerships and acquisitions in the food tech sector, which is characterized by growing global demand for sustainable and technology-enabled food solutions. The equity stake in Boumarang Inc. provides a potential source of value and revenue generation. Leadership changes and new appointments may bring fresh strategic direction and execution capabilities.

SUPA Consolidated Inc. faces significant challenges including a lack of current revenues, substantial accumulated deficits, and severe liquidity constraints as evidenced by a current ratio of 0.02 and cash ratio of 0.01 as of December 31, 2025. The company has disclosed substantial doubt about its ability to continue as a going concern. Its business model is in an early development stage with no full-time employees and reliance on third-party consultants. Legal proceedings and the need for additional capital raise execution add to operational risks. The absence of a proven revenue model in the food tech sector increases uncertainty about future viability.

SUPA Consolidated Inc. previously held patented technologies in ridesharing and autonomous vehicle markets, but these assets were sold in 2024. The company's current focus on food technology involves acquiring vending machine assets and intangible customer-related assets, but it lacks established proprietary technology or significant operational scale. The absence of revenues, full-time employees, and a clear operating history in the new sector limits the company's competitive moat at this stage.

• Going Concern Risk: The company has disclosed substantial doubt about its ability to continue as a going concern due to significant working capital deficits, accumulated losses, and lack of operating revenues.
• Liquidity Risk: As of December 31, 2025, the company had very low liquidity ratios with current liabilities vastly exceeding current assets, indicating potential difficulties in meeting short-term obligations.
• Execution Risk: The company is in a development stage with no current revenues and depends on raising additional capital, completing acquisitions, and successfully launching products or services in the food technology sector.
• Legal Risk: Ongoing litigation, including a lawsuit filed by Igala Commonwealth Limited alleging breach of contract, poses potential financial and reputational risks.
• Operational Risk: The company has no full-time employees and relies on directors, officers, and third-party consultants, which may impact operational continuity and execution.

• SUPA Consolidated Inc. is a Nevada corporation formerly known as Tribal Rides International Corp. and Xinda International Corp.
• The company was incorporated in 2014 and has changed its name multiple times, most recently to SUPA Consolidated Inc. effective January 30, 2026.
• From January 2020 through December 2024, the company developed proprietary software and patented technologies for ridesharing and autonomous vehicle markets, supported by U.S. patents.
• On December 31, 2024, the company sold substantially all of its intellectual property and related intangible assets to Boumarang Inc. for 2,906,977 shares valued at $5 million, representing a divestiture of its historical transportation technology business.
• Following the asset sale, the company discontinued development of its ridesharing and autonomous vehicle platform and shifted strategic focus to the food technology sector.
• The company acquired SUPA Food Services LLC on June 30, 2025, issuing 250 million shares for 1,157 commercial ice/water vending machines and assuming a related party loan obligation.
• The acquired vending machines were capitalized as property, plant, and equipment, with excess value allocated to intangible assets such as customer site contracts and operational infrastructure.
• As of December 31, 2025, the company had no full-time employees; all work is conducted by directors, officers, and third-party consultants or subcontractors.
• The company is currently in the development stage with no operating revenues and is evaluating strategic partnerships, acquisitions, and product initiatives in the food tech sector.
• Financial snapshot as of December 31, 2025 shows cash and equivalents of $10,749, current assets of $25,775, and current liabilities of $1,112,845, resulting in a current ratio of 0.02 and cash ratio of 0.01.
• The company reported a net loss of $293,069 for the fiscal year ended December 31, 2025, with zero revenue and zero earnings per share.
• The company has an accumulated deficit exceeding $3 million and a working capital deficit exceeding $1 million as of December 31, 2025.
• Management disclosed substantial doubt about the company's ability to continue as a going concern within one year after the financial statement date due to liquidity and operating losses.
• Management plans to address liquidity issues by raising additional capital, generating revenue from its equity investment in Boumarang Inc., obtaining financial support from related parties, and implementing cost reduction measures.
• The company has no significant plant or equipment to sell and does not intend to purchase any within the next 12 months.
• Recent management changes include appointment of a new CEO and board members in early 2025, with further leadership changes in late 2025.
• The company faces ongoing legal proceedings including a lawsuit filed by Igala Commonwealth Limited alleging breach of a consulting agreement, which the company disputes and is defending.
• The company is an emerging growth company and benefits from certain reduced reporting and regulatory requirements under the JOBS Act.