Securities Purchase Agreement - The Company is entering into a Securities Purchase Agreement to sell shares of Common Stock to Purchasers[2]. - The Closing Date for the transaction is set to occur no later than 30 calendar days after the date of the Agreement[39]. - Each Purchaser is required to pay the Subscription Amount via wire transfer prior to the Closing[39]. - The Company will deliver shares registered in the name of each Purchaser upon receipt of the Subscription Amount[39]. - The Purchasers must deliver the executed Registration Rights Agreement and Subscription Amount to the Company prior to Closing[41]. - The Agreement may be terminated by any Purchaser if the Closing is not consummated within 45 calendar days[107]. - Notices under the Agreement must be in writing and are deemed effective upon transmission or receipt[111]. - The Agreement is governed by the laws of the State of New York, with exclusive jurisdiction in New York courts[115]. - The Agreement contains the entire understanding of the parties and supersedes all prior agreements[109]. - The Company may not assign the Agreement without prior written consent from each Purchaser[114]. - The Agreement includes a waiver of jury trial for any disputes arising from it[125]. Company Representations and Warranties - The Company must ensure that all representations and warranties are accurate in all material respects as of the Closing Date[42]. - No Material Adverse Effect should occur with respect to the Company from the date of the Agreement to the Closing Date[44]. - The Company and its Subsidiaries are in good standing and duly qualified to conduct business in their respective jurisdictions[47]. - The Company owns all capital stock of its Subsidiaries free and clear of any Liens[46]. - The Company has the requisite corporate power and authority to enter into and consummate the transactions contemplated by the Agreement, with no further action required by the Board of Directors or stockholders[48]. - The capitalization of the Company is as set forth in the SEC Reports, with no new capital stock issued since the last filing, except for employee stock options[53]. - Since the date of the latest audited financial statements, there have been no events that would reasonably be expected to result in a Material Adverse Effect[55]. - The Company and its Subsidiaries are in compliance with all applicable environmental laws and have received all necessary permits to conduct their businesses[60]. - The Company possesses all necessary regulatory permits to conduct its business, and there have been no notices of revocation or modification of any Material Permit[61]. - The Company has good and marketable title to all personal property material to its business, free and clear of all Liens, except for certain specified exceptions[62]. - The Company has all necessary intellectual property rights, and there are no known claims of infringement that would have a material adverse effect[63]. - The Company has no outstanding debts exceeding $250,000, except for trade accounts payable incurred in the ordinary course of business[74]. - The Company has filed all required tax returns and paid all material taxes due, with no claims of unpaid taxes from any jurisdiction[75]. - The Company confirms that none of its Issuer Covered Persons are subject to any "Bad Actor" disqualifications under Rule 506(d) of the Securities Act[83]. - The Company will notify Purchasers in writing of any Disqualification Event prior to the Closing Date[84]. Compliance and Internal Controls - The Company has filed all required SEC Reports on a timely basis, and the financial statements comply with applicable accounting requirements and fairly present the financial position of the Company[54]. - The Company maintains a system of internal accounting controls that provide reasonable assurance regarding the accuracy of financial reporting[67]. - The Company is in compliance with the Sarbanes-Oxley Act of 2002 and has established adequate disclosure controls and procedures[67]. - The Company has not experienced any security breaches related to its IT systems and data, and is in compliance with applicable privacy and security laws[82]. - The Company has taken reasonable security measures to protect its intellectual property rights, which are deemed enforceable[63]. Transaction Terms and Conditions - The Company will provide a Registration Rights Agreement to the Purchasers at the Closing[40]. - The Company agrees to maintain the listing of its Common Stock on the Trading Market where it is currently listed[102]. - The Company will indemnify Purchasers against any losses or liabilities resulting from breaches of representations or warranties made by the Company[101]. - The Company will issue a press release disclosing the material terms of the transactions contemplated[99]. - The Company will use commercially reasonable efforts to maintain the registration of the Common Stock under the Exchange Act[97]. - The Purchasers are required to maintain confidentiality regarding the terms of the transactions until publicly announced[104]. - The Company will take necessary actions to ensure the Shares are listed or quoted on any new Trading Market if applied[102]. - The Company agrees to timely file a Form D with the SEC regarding the Shares as required under Regulation D[105]. - The Company will take necessary actions to obtain exemptions for the Shares under applicable securities laws[105]. - Each party is responsible for its own fees and expenses related to the Agreement, while the Company will cover Transfer Agent fees and taxes[108]. - The Company has not incurred any brokerage or finder's fees related to the transactions contemplated by the Transaction Documents[68]. - The Company is not classified as an "investment company" under the Investment Company Act of 1940 and will conduct its business to avoid such classification[70]. - The Company's accounting firm, UHY LLP, is expected to express its opinion on the financial statements for the fiscal year ending December 31, 2025[79]. - The Purchasers acknowledge that they have had the opportunity to review the Transaction Documents and the SEC Reports[89]. - Each Purchaser represents that they are acquiring the Shares as principal for their own account and not for distribution or resale[85].

Financial Performance - For the three months ended September 30, 2025, the company generated net sales of $1,939,542, a significant increase from $639,893 for the same period in 2024, reflecting a growth of 210.2%[124] - Net sales for the nine months ended September 30, 2025, were $1,984,660, representing a 210% increase compared to $639,893 for the same period in 2024[132] - The company reported a net loss of $252,985 for the three months ended September 30, 2025, an improvement of 59.5% compared to a loss of $625,067 in the same period in 2024[124] - The gross profit for the three months ended September 30, 2025, was $1,647,803, compared to $207,259 for the same period in 2024, indicating a substantial increase[124] - Gross margin improved to 83% for the nine months ended September 30, 2025, up from 32.4% in the prior year, primarily due to increased operational capacity and diversification into higher-margin service lines[132] Operating Expenses - Operating expenses for the three months ended September 30, 2025, were $1,748,409, a 179.7% increase compared to $625,067 in the same period in 2024[124] - General and administrative expenses increased by $1,090,993 (174.5%) for the three months ended September 30, 2025, compared to the same period in 2024, largely due to a shift from hardware to software focus[136] - Selling and marketing expenses decreased by $17,011 (26%) for the nine months ended September 30, 2025, compared to $66,171 in 2024, attributed to reduced sales support costs[134] - Research and development expenses decreased by $66,000 (58.1%) for the nine months ended September 30, 2025, primarily for software subscriptions and support costs[139] Customer and Revenue Growth - The company onboarded 528 customers by September 30, 2025, resulting in service fees totaling $4.24 million, with $1.80 million recognized as revenue[127] - The company introduced customized software services in July 2025, securing contracts totaling $480,000, with revenue recognized based on completion progress[128] Cash Flow and Funding - Cash provided by operating activities was $2,478,829 for the nine months ended September 30, 2025, compared to cash used of $(3,783,080) in 2024[146] - As of September 30, 2025, the company had cash and cash equivalents of $6 million, a significant increase from $30,000 on December 31, 2024[142] - The company anticipates requiring approximately $10 million in total funding over the next three years to support its strategic transition to SaaS solutions[157] Strategic Initiatives - The company is actively planning to integrate blockchain technology into its operations to enhance security and efficiency[117] - The company is targeting potential acquisitions in key sectors such as artificial intelligence, hardware, and the Internet of Things to strengthen its technological capabilities[118] - The company aims to enter the Multi-Channel Network (MCN) business to connect influencers with the global market, reflecting its commitment to innovation and expansion[119] - The strategic transition from legacy hardware operations to software-as-a-service (SaaS) solutions is a critical focus, with initial sales generated in March 2025 marking a significant milestone[126] Stock and Capital Transactions - The Company entered into a Purchase Agreement with Helena Global Investment Opportunities I Ltd. allowing the issuance and sale of up to $15,000,000 of Common Stock[158] - The Company sold 1,585,366 shares of Common Stock to Cao Yu for an aggregate purchase price of $2,600,000[163] - The Company sold 853,659 shares of Common Stock to Hu Bin for an aggregate purchase price of $1,400,000[164] - The Company issued shares valued at $150,000 as a commitment fee to Helena, with $75,000 issued on May 14, 2025, and another $75,000 on August 11, 2025[162] - The number of shares issued to Helena cannot exceed 9.99% of the then issued and outstanding Common Stock[160] - The Purchase Price for each Advance will be based on 95% of the lowest VWAP for the Common Stock during the three Trading Days following Helena's receipt of the shares[161] Accounting and Compliance - The Company’s critical accounting policies include revenue recognition, product returns, inventory valuation, and costs of goods sold[169] - The Company is classified as a smaller reporting company and is not required to provide certain market risk information[170] - There were no material changes to capital commitments and contractual obligations during the nine months ended September 30, 2025[165] - The Company did not have any material off-balance sheet arrangements as of September 30, 2025[166]

Financial Performance - Net sales for the third quarter ended September 30, 2025, were $1,939,542, a significant increase from $44,993 for the previous quarter[4] - Net sales for the nine months ended September 30, 2025, were $1,984,660, representing a 210% increase year-over-year from $639,893 in the same period of fiscal year 2024[5] - Gross profit for the nine months ended September 30, 2025, was $1,648,241, a significant increase from $207,259 in the same period of 2024, resulting in a gross margin of 83%[7] - Net loss for the three months ended September 30, 2025, was $252,985, a significant decrease from the net loss of $625,067 for the same period in 2024[4] - Net cash provided by operating activities reached $2,478,829 during the nine months ended September 30, 2025[4] - Operating expenses were $2,756,879, representing a decrease of 39.9% from $4,590,491 in the same period of 2024[8] - Research and development expenses were $47,419, representing a decrease of 58.1% from $113,294 in the same period of 2024[13] Customer Growth - The company onboarded 528 customers for its SaaS service as of September 30, 2025, compared to 245 customers as of June 30, 2025[4] Strategic Initiatives - The company plans to continue investing in R&D to enhance customer experience and deliver brand values across the digital content space[3] - The company successfully participated in the Osaka World Expo, attracting many international visitors and engaging with top global innovators[3]

Core Insights - Canyon Resources Limited has released an updated Definitive Feasibility Study (DFS) for the Minim Martap Bauxite Project, confirming strong economics and a phased development pathway for a major new bauxite producer [14][15]. - The Ore Reserve estimate has increased by 33% to 144 million tonnes (Mt) of Direct Shipping Ore (DSO) at 51.2% Al2O3 and 1.7% SiO2, which supports the long-term future of the project [8][15]. - The project is expected to have a pre-tax Net Present Value (NPV) of US$835 million and an Internal Rate of Return (IRR) of 29%, indicating a compelling investment opportunity [5][21]. Project Economics - The project has low capital expenditure (CAPEX) requirements, with Stage 1 CAPEX estimated at US$96 million and total project CAPEX projected at US$446 million [6][21]. - C1 operating costs are estimated at US$34.71 per wet metric tonne (wmt), with a long-term average cash cost forecasted at US$35/wmt [3][21]. - The project aims to produce approximately 10 million tonnes per annum (Mtpa) of bauxite, with a production target of 1.2 million tonnes in Year 1, ramping up to 10 million tonnes by Year 6 [8][24]. Production and Development Timeline - First ore production is planned for Q1 2026, with the first bauxite shipment expected in H1 2026 [15][48]. - The project will utilize a staged development approach, with production targets scheduled around the upgrade of the rail infrastructure [8][9]. - Existing rail capacity will allow for low CAPEX and fast-tracked development, with the World Bank committing US$818 million to upgrade the rail corridor by 2030 [3][8]. Community and Economic Impact - The local community supports the project, recognizing its potential for significant long-term economic benefits, including job creation with a workforce expected to be 97% local [36][37]. - The project is anticipated to contribute to the development of new economic infrastructure and improvements to existing facilities, including roads and rail links [37][45]. Resource and Reserve Details - The Ore Reserve classification includes 133.3 million tonnes of Proved reserves and 10.7 million tonnes of Probable reserves, with a total Mineral Resource estimate of approximately 1.1 billion tonnes [19][62]. - The project will target high-grade bauxite with a minimum of 51% Al2O3 and a maximum of 2% SiO2, ensuring a premium pricing position in the market [5][62]. Funding and Financial Strategy - The project is supported by a US$140 million debt facility from AFG Bank Cameroon and existing cash reserves exceeding Stage 1 capital development costs [17][40]. - Canyon Resources has a strategic partnership with Eagle Eye Asset Holdings, which has invested significantly in the company and continues to support its funding needs [40].

PART I - FINANCIAL INFORMATION [ITEM 1. FINANCIAL STATEMENTS](index=4&type=section&id=ITEM%201.%20FINANCIAL%20STATEMENTS) This section presents FIEE's unaudited condensed consolidated financial statements, including balance sheets, operations, equity, cash flows, and key accounting policies [Condensed Consolidated Balance Sheets](index=4&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) The company's financial position shows significant growth in assets and cash equivalents, alongside an improved equity position | ASSETS (Unaudited) | June 30, 2025 | December 31, 2024 | | :----------------------- | :------------ | :------------------ | | Cash and cash equivalents | $4,504,079 | $30,162 | | Total current assets | $5,203,643 | $164,919 | | Total assets | $7,050,617 | $307,035 | | LIABILITIES AND EQUITY (DEFICIT) | | | | Total current liabilities | $4,117,237 | $437,027 | | Total liabilities | $4,117,237 | $437,027 | | Total stockholders' equity (deficit) | $2,933,380 | $(129,992) | | Total liabilities and stockholders' equity (deficit) | $7,050,617 | $307,035 | - Cash and cash equivalents significantly increased to **$4,504,079** as of June 30, 2025, from **$30,162** at December 31, 2024[11](index=11&type=chunk) - Total assets grew substantially to **$7,050,617** by June 30, 2025, from **$307,035** at December 31, 2024, driven by increases in cash, other receivables, and intangible assets[11](index=11&type=chunk) [Condensed Consolidated Statements of Operations](index=5&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) The company's operations show initial revenue generation from new SaaS business and a reduced net loss compared to the prior year | (Unaudited) | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :-------------------------- | :------------------------------- | :------------------------------- | :----------------------------- | :----------------------------- | | Net sales | $44,993 | $- | $45,118 | $639,893 | | Gross profit | $1,063 | $- | $438 | $207,259 | | Operating loss | $(636,911) | $(488,486) | $(1,008,032) | $(3,758,165) | | Net loss | $(639,680) | $(487,912) | $(1,013,590) | $(3,746,867) | | Net loss per share (Basic and diluted) | $(0.13) | $(0.16) | $(0.20) | $(1.27) | - Net sales for the three months ended June 30, 2025, were **$44,993**, a significant increase from **$0** in the prior-year period, reflecting the company's new SaaS business[13](index=13&type=chunk) - Net loss for the six months ended June 30, 2025, decreased to **$(1,013,590)** from **$(3,746,867)** in the same period last year, indicating an improvement in financial performance[13](index=13&type=chunk) [Condensed Consolidated Statements of Stockholders' Equity (deficit)](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Stockholders'%20Equity%20(deficit)) Stockholders' equity improved significantly, transitioning from a deficit to a positive balance primarily due to common stock issuance | (Unaudited) | Preferred Stock Shares | Preferred Stock Amount | Common Stock Shares | Common Stock Amount | Additional Paid In Capital | Accumulated Deficit | Accumulated Other Comprehensive Income | Total | | :------------------------ | :--------------------- | :--------------------- | :------------------ | :------------------ | :------------------------- | :------------------ | :------------------------------------- | :---------- | | Balance at Dec 31, 2024 | 2,305,357 | $1,639,779 | 3,713,792 | $37,138 | $94,886,147 | $(96,694,013) | $957 | $(129,992) | | Net loss (6 months 2025) | - | - | - | - | - | $(1,013,590) | - | $(1,013,590)| | Common Stock Issuance (6 months 2025) | - | - | 2,510,597 | $25,106 | $4,049,894 | - | - | $4,075,000 | | Balance at June 30, 2025 | 2,305,357 | $1,639,779 | 6,224,389 | $62,244 | $98,936,041 | $(97,707,603) | $2,919 | $2,933,380 | - Total stockholders' equity (deficit) improved significantly from a deficit of **$(129,992)** at December 31, 2024, to a positive **$2,933,380** at June 30, 2025, primarily due to common stock issuance[16](index=16&type=chunk) - Common stock issuance during the six months ended June 30, 2025, contributed **$4,075,000** to equity[16](index=16&type=chunk) [Condensed Consolidated Statements of Cash Flows](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Operating activities generated cash, and financing activities increased significantly, leading to a substantial net increase in cash and cash equivalents | (Unaudited) | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :-------------------------------------- | :----------------------------- | :----------------------------- | | Cash provided by (used in) operating activities | $171,955 | $(2,878,506) | | Cash used in investing activities | $- | $- | | Cash provided by financing activities | $4,300,000 | $2,800,000 | | Net increase (decrease) in cash and cash equivalents | $4,473,917 | $(78,506) | | Cash and cash equivalents - Ending | $4,504,079 | $630,816 | - Operating activities generated **$171,955** in cash for the six months ended June 30, 2025, a significant improvement from a cash usage of **$(2,878,506)** in the prior-year period[19](index=19&type=chunk) - Cash provided by financing activities increased to **$4,300,000** in 2025 from **$2,800,000** in 2024, primarily due to proceeds from common stock issuance[19](index=19&type=chunk) [Notes to Condensed Consolidated Financial Statements](index=8&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) These notes provide essential context and detail for the condensed consolidated financial statements, covering the company's business transformation, accounting policies, and significant financial events [Nature of Operations and Basis of Presentation](index=8&type=section&id=(1)%20NATURE%20OF%20OPERATIONS%20AND%20BASIS%20OF%20PRESENTATION) This section details the company's business pivot, name change, going concern considerations, and recent asset acquisition - FIEE, Inc. (formerly Minim, Inc.) pivoted from a networking company to a digital service provider focused on integrating AI and data analytics into content creation and brand management, offering SaaS solutions[21](index=21&type=chunk)[24](index=24&type=chunk) - The company changed its name from Minim, Inc. to FiEE, Inc. effective February 27, 2025[26](index=26&type=chunk) - As of June 30, 2025, the company had an accumulated deficit of **$98 million** and cash and cash equivalents of **$4.5 million**, raising substantial doubt about its ability to continue as a going concern[30](index=30&type=chunk) - On June 30, 2025, FIEE (HK) Limited acquired certain fixed assets and intellectual property, including patents and copyrights, from Suzhou Yixuntong Network Technology Co., Ltd. for **$1.4 million**, accounted for as an asset acquisition[39](index=39&type=chunk)[40](index=40&type=chunk) [Summary of Significant Accounting Policies](index=10&type=section&id=(2)%20SUMMARY%20OF%20SIGNIFICANT%20ACCOUNTING%20POLICIES) This section outlines the company's functional currency, deferred offering costs, intangible asset amortization, and single operating segment reporting - The functional currency of FiEE HK is the Hong Kong dollar (HKD), while all other entities use the US Dollar (USD)[42](index=42&type=chunk) - Offering costs directly attributable to a potential

[Fiscal 2025 First Half Unaudited Financial Results Overview](index=1&type=section&id=Fiscal%202025%20First%20Half%20Unaudited%20Financial%20Results%20Overview) Overview of FiEE's H1 2025 unaudited financial results, highlighting key operational and financial metrics and strategic transformation [Operational and Financial Highlights](index=1&type=section&id=Operational%20and%20Financial%20Highlights) FiEE's H1 2025 results show a strategic shift to digital brand management SaaS, with early customer adoption, prepaid fees, reduced net loss, and improved cash flow [CEO Commentary on Strategic Transition](index=1&type=section&id=CEO%20Commentary%20on%20Strategic%20Transition) The CEO discusses FiEE's strategic shift from legacy hardware to digital brand management SaaS, emphasizing early successes and technological acquisitions - FiEE is undergoing a strategic transition from legacy hardware operations to redefine brand management solutions in the digital era, integrating IoT, connectivity, and AI[1](index=1&type=chunk)[3](index=3&type=chunk) - Achieved new customers adopting SaaS solutions and received **$1.5 million in prepaid subscription fees**, marking a significant milestone for the new business[1](index=1&type=chunk)[3](index=3&type=chunk) - Greatly reduced net loss in the first half of 2025 due to strengthened cost management and new business development[3](index=3&type=chunk) - Acquired advanced technologies including product authentication, high-efficiency file transfer systems, and KYC solutions to power SaaS products, aiming to protect digital creations and cultivate a KOL community[3](index=3&type=chunk) [Summary of Key Financial and Operational Metrics](index=1&type=section&id=Summary%20of%20Key%20Financial%20and%20Operational%20Metrics) This section presents a concise overview of FiEE's key financial and operational performance indicators for the first half of 2025 Key Financial and Operational Highlights (Six Months Ended June 30) | Metric | H1 2025 ($) | H1 2024 ($) | Change | | :-------------------------------- | :---------- | :---------- | :----- | | Net Sales | 45,118 | 639,893 | (93%) | | Gross Profit | 438 | 207,259 | (99.8%) | | Net Loss | (1,013,590) | (3,746,867) | 72.9% reduction | | Net Cash from Operating Activities | 171,955 | (2,878,506) | Significant improvement | - Onboarded **245 customers** by June 30, 2025, a considerable increase compared to 1 new customer upon launching its SaaS services on March 28, 2025, illustrating early traction[4](index=4&type=chunk) - Net sales for the three months ended June 30, 2025, were **$44,993**, a significant increase from **$125** for the three months ended March 31, 2025, primarily due to the strategic transition to SaaS solutions[4](index=4&type=chunk) [Detailed Financial Results for Six Months Ended June 30, 2025](index=2&type=section&id=Detailed%20Financial%20Results%20for%20Six%20Months%20Ended%20June%2030%2C%202025) FiEE's H1 2025 detailed financials reflect strategic transformation, with declining sales and gross profit, but reduced operating expenses, net loss, and increased cash [Net Sales and Gross Profit Analysis](index=2&type=section&id=Net%20Sales%20and%20Gross%20Profit%20Analysis) Analysis of FiEE's H1 2025 net sales and gross profit, reflecting the impact of the strategic shift from hardware to SaaS solutions Net Sales Breakdown (Six Months Ended June 30) | Product Category | 2025 ($) | 2024 ($) | % change | | :----------------------- | :------- | :------- | :------- | | Cable modems & gateways | - | 638,804 | (100%) | | Other network products | - | 1,089 | (100%) | | SaaS – MCN digital services | 45,118 | - | N/A | | **Total Net Sales** | **45,118** | **639,893** | **(93%)** | Gross Profit and Margin (Six Months Ended June 30) | Metric | 2025 ($) | 2024 ($) | Change | | :----------- | :----- | :----- | :----- | | Gross Profit | 438 | 207,259 | (99.8%) | | Gross Margin | 1.0% | 32.4% | (31.4 pp) | - The gross margin of **1.0%** in H1 2025 is not representative of future trends, as the new business was in its initial launch phase, incurring elevated upfront costs[7](index=7&type=chunk) [Operating Expenses Breakdown](index=2&type=section&id=Operating%20Expenses%20Breakdown) Detailed breakdown of FiEE's H1 2025 operating expenses, highlighting reductions across selling, general, and R&D categories Operating Expenses (Six Months Ended June 30) | Expense Category | 2025 ($) | 2024 ($) | % Change | | :----------------------- | :------- | :------- | :------- | | Selling and marketing | 16,811 | 66,171 | (74.6%) | | General and administrative | 944,240 | 1,585,030 | (40.4%) | | Research and development | 47,419 | 113,294 | (58.1%) | | **Total Operating Expenses** | **1,008,470** | **3,965,424** | **(74.6%)** | - Selling and marketing expenses decreased due to reduced sales support costs and lower operational scale during the initial phases of business development[13](index=13&type=chunk) - General and administrative expenses decreased primarily due to the business transformation from hardware-focus to software-focus and cost reduction efforts[13](index=13&type=chunk) - Research and development expenses in 2025 were primarily used for software subscriptions and support costs, including a partnership to develop the 'FiEE All-in-One Media Operations SaaS Platform'[13](index=13&type=chunk) [Net Loss and Earnings Per Share](index=2&type=section&id=Net%20Loss%20and%20Earnings%20Per%20Share) Analysis of FiEE's H1 2025 net loss and diluted earnings per share, showing significant reductions year-over-year Net Loss and EPS (Six Months Ended June 30) | Metric | 2025 ($) | 2024 ($) | Change | | :-------------------- | :----------- | :----------- | :----- | | Operating Loss | (1,008,032) | (3,758,165) | 73.2% reduction | | Net Loss | (1,013,590) | (3,746,867) | 72.9% reduction | | Diluted Net Loss per Share | (0.20) | (1.27) | 84.3% reduction | [Cash and Cash Equivalents](index=2&type=section&id=Cash%20and%20Cash%20Equivalents) Overview of FiEE's cash and cash equivalents position as of June 30, 2025, showing a substantial increase Total Cash and Cash Equivalents | Metric | June 30, 2025 ($) | Dec 31, 2024 ($) | % Change | | :------------------------ | :------------ | :----------- | :------- | | Total Cash and Cash Equivalents | 4,504,079 | 30,162 | 14899% | [Unaudited Condensed Consolidated Financial Statements](index=4&type=section&id=Unaudited%20Condensed%20Consolidated%20Financial%20Statements) Presents FiEE's unaudited condensed consolidated financial statements, including balance sheets and statements of operations [Unaudited Condensed Consolidated Balance Sheets](index=4&type=section&id=Unaudited%20Condensed%20Consolidated%20Balance%20Sheets) Balance sheet shows increased assets (cash, intangibles), higher liabilities (SaaS contracts), and a shift to positive stockholders' equity Selected Balance Sheet Items | Item | June 30, 2025 ($) | Dec 31, 2024 ($) | Change ($) | | :-------------------------------- | :---------------- | :--------------- | :--------- | | Cash and cash equivalents | 4,504,079 | 30,162 | 4,473,917 | | Total current assets | 5,203,643 | 164,919 | 5,038,724 | | Intangible assets | 1,269,658 | - | 1,269,658 | | Total assets | 7,050,617 | 307,035 | 6,743,582 | | Contract liabilities | 1,468,346 | - | 1,468,346 | | Other payables | 1,527,933 | - | 1,527,933 | | Total current liabilities | 4,117,237 | 437,027 | 3,680,210 | | Total stockholders' equity (deficit) | 2,933,380 | (129,992) | 3,063,372 | [Unaudited Condensed Consolidated Statements of Operations](index=5&type=section&id=Unaudited%20Condensed%20Consolidated%20Statements%20of%20Operations) Statement of operations details H1 2025 performance, reflecting strategic transformation with declining sales/gross profit, but reduced operating expenses and net loss Condensed Consolidated Statements of Operations (Six Months Ended June 30) | Metric | 2025 ($) | 2024 ($) | | :------------------------------------ | :------- | :------- | | Net sales | 45,118 | 639,893 | | Cost of sales | 44,680 | 432,634 | | Gross profit | 438 | 207,259 | | Total operating expenses | 1,008,470 | 3,965,424 | | Operating loss | (1,008,032) | (3,758,165) | | Net Loss | (1,013,590) | (3,746,867) | | Basic and diluted net loss per share | (0.20) | (1.27) | [Company Information and Disclosures](index=3&type=section&id=Company%20Information%20and%20Disclosures) This section provides essential company information, including its history, service offerings, and important disclosures regarding forward-looking statements [About FiEE, Inc.](index=3&type=section&id=About%20FiEE%2C%20Inc.) FiEE, Inc., founded 1977 as Minim, transitioned to a 'Software First Model' in 2024, rebranding in 2025 to leverage IoT, connectivity, and AI for brand management SaaS - Founded in 1977 as Minim, Inc., the company made a strategic decision in 2024 to transition to a 'Software First Model' and rebranded as FiEE, Inc. in 2025[14](index=14&type=chunk) - FiEE leverages its expertise in IoT, connectivity, and AI to redefine brand management solutions in the digital era[1](index=1&type=chunk)[14](index=14&type=chunk) - FiEE's services are structured into four key categories: Cloud-Managed Connectivity (WiFi) Platform, IoT Hardware Sales & Licensing, SAAS Solutions, and Professional To-C and To-B Services & Support[15](index=15&type=chunk) - The company has introduced innovative Software as a Service solutions that integrate AI and data analytics into content creation and brand management, aiming to nurture a robust pool of KOLs[15](index=15&type=chunk) [Forward-Looking Statements](index=3&type=section&id=Forward-Looking%20Statements) This disclaimer emphasizes that forward-looking statements involve risks and uncertainties, advising against undue reliance and referring to SEC filings for detailed risk factors - Forward-looking statements represent the Company's expectations or beliefs concerning future events and inherently involve risks and uncertainties that could cause actual results to differ materially[16](index=16&type=chunk)[17](index=17&type=chunk) - Investors should not place undue reliance on forward-looking statements and are advised to refer to the Company's filings with the U.S. Securities and Exchange Commission for detailed risk factors[17](index=17&type=chunk) - The Company undertakes no obligation to publicly update or revise any forward-looking statement as a result of new information, future events, or otherwise, except as required by law[17](index=17&type=chunk) [Investor and Media Inquiries](index=3&type=section&id=Investor%20and%20Media%20Inquiries) Provides contact information for investor and media inquiries - For investor and media inquiries, contact via email at fiee@dlkadvisory.com[18](index=18&type=chunk)

Core Insights - FiEE, Inc. has entered into an asset purchase agreement with Suzhou Yixuntong Network Technology Co., Ltd. to acquire intellectual property and fixed assets for a total price of USD 1,400,000, which closed on June 30, 2025 [1][2] - The acquisition includes advanced product authentication technologies, high-efficiency file transfer systems, and blockchain-powered KYC solutions, enhancing FiEE's technological capabilities [2][3] - This strategic move is expected to expand FiEE's service offerings across enterprise and consumer markets, linking market-facing content capabilities with backend infrastructure [3][4] Company Strategy - The integration of Yixuntong's technologies is anticipated to enhance FiEE's platform capabilities and create new revenue streams, supporting its SaaS evolution [4] - From March 25, 2025, to May 31, 2025, the company secured 85 sales contracts via SaaS platform integration, generating total contract values exceeding USD 400,000 [4] - FiEE is establishing a comprehensive value ecosystem for talent-brand management solutions through various services, including Cloud-Managed Connectivity, IoT Hardware Sales, SaaS Solutions, and Professional Services [4][6] Technological Focus - FiEE leverages cutting-edge technologies such as cybersecurity, market analysis, AI, and big data analysis to protect original creations and digital content [5] - The company aims to cultivate a billion-follower KOL community, positioning itself for sustained success in the evolving digital landscape [5][6] - FiEE's services are structured into four key categories, including innovative SaaS solutions that integrate AI and data analytics into content creation and brand management [7]

Core Insights - FiEE, Inc. has entered a strategic agency agreement with Beijing Yilian to promote participation in the international trade fair at INTEX Osaka, scheduled from mid-June to August 2025, covering various categories including international wine, food, and new energy technologies [2][3] - The company launched new SaaS products in March 2025, which are expected to generate recurring revenue and have already secured over US$200,000 in expected revenue from 40 new customers within two months [3][4] - FiEE, Inc. is undergoing a strategic transformation to provide innovative brand management solutions for underrecognized talents, leveraging IoT and AI technologies [4][5] Business Strategy - The company aims to build a unique KOL community with billions of fans, focusing on empowering individuals to achieve sustained success in the digital landscape [6] - FiEE, Inc. is establishing a comprehensive value ecosystem that includes cybersecurity, market analysis, and big data analysis to protect original creations and digital content for talented individuals [5][6] - The services offered by FiEE, Inc. are categorized into Cloud-Managed Connectivity, IoT Hardware Sales & Licensing, SaaS Solutions, and Professional Services, integrating AI and data analytics for content creation and brand management [8] Market Positioning - FiEE, Inc. is positioned as a technology company that integrates IoT, connectivity, and AI to redefine brand management solutions in the digital era [1][7] - The company has a historical track record in delivering WiFi and Software as a Service platforms and has transitioned to a Software First Model in 2023 to expand its technology portfolio [7] - The strategic cooperation with Beijing Yilian is expected to enhance the company's marketing and exposure at the international trade fair, leveraging its extensive network resources [3][4]

Company Overview - FiEE, Inc. resumed trading on the Nasdaq Capital Market under the ticker symbol "MINM" on June 2, 2025 [1] - The company, formerly known as Minim, Inc., was founded in 1977 and has transitioned to a Software First business model since 2023 [5] Strategic Transformation - FiEE, Inc. is strategically transforming to focus on growing Key Opinion Leaders (KOLs) in the market through innovative brand management solutions [2] - The company has enhanced its MinimOS cloud platform and API suite for ISPs/OEMs and merged with e2Companies to broaden its technology and revenue base [2] Service Offerings - FiEE, Inc. offers a range of IoT-enabled Connectivity Solutions, including Cloud-Managed Connectivity (WiFi) Platform, IoT Hardware Sales & Licensing, SAAS Solutions, and Professional To-C and To-B Services & Support [6] - The company has introduced Software as a Service solutions that integrate AI and data analytics capabilities into content creation and brand management [6] Market Positioning - FiEE, Inc. addresses challenges faced by talented individuals, such as insufficient promotion channels and high costs of conventional advertising, by establishing a comprehensive value ecosystem [3] - The company aims to elevate personal brands and influence while safeguarding original creations, digital arts, NFTs, and exclusive content [3] Leadership Vision - The CEO of FiEE, Inc. expressed confidence in the company's new positioning and long-term goal of building a unique KOL community with billions of fans [4] - The focus will be on enhancing technological capabilities and providing comprehensive solutions to potential users in the market [4]

Core Viewpoint - FiEE, Inc. will resume trading on the Nasdaq Capital Market under the ticker symbol "MINM" starting June 2, 2025, following a favorable decision from the Nasdaq Hearings Panel [1][2]. Company Overview - FiEE, Inc. is a technology company focused on integrating IoT, connectivity, and AI to enhance brand management solutions in the digital age [1][3]. - The company has transitioned to a Software First Model in 2023 to broaden its technology portfolio and revenue streams, rebranding itself in 2025 [4]. Strategic Transformation - The company is undergoing a strategic transformation to leverage market opportunities through an integrated approach combining cyber-hardened IoT connectivity with AI-driven content creation and audience targeting [3][4]. - This transformation aims to empower Key Opinion Leaders (KOLs) and brands to achieve accelerated growth and deeper audience engagement [3]. Service Offerings - FiEE, Inc. offers services structured into four key categories: Cloud-Managed Connectivity (WiFi) Platform, IoT Hardware Sales & Licensing, SaaS Solutions, and Professional To-C and To-B Services & Support [5]. - The introduction of innovative SaaS solutions integrates AI and data analytics into content creation and brand management, supporting KOLs in optimizing their digital presence [5].