Starfighters Space, Inc.

Evaluation of Disclosure Controls and Procedures

Disclosure controls and procedures are designed to ensure that information required to be disclosed by us in our Exchange Act reports is recorded, processed, summarized, and reported within the time periods specified in the SEC's rules and forms, and that such information is accumulated and communicated to our management, including our principal executive officer and principal financial officer or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.

Under the supervision and with the participation of our principal executive officer and principal financial officer, we conducted an evaluation of the effectiveness of our disclosure controls and procedures as of the end of the fiscal period ended March 31, 2026, as such term is defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act. Based on this evaluation, our principal executive officer and principal financial officer concluded that during the period covered by this report, our disclosure controls and procedures were not effective as our management has identified material weaknesses.

Material Weaknesses

A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of our annual financial statements will not be prevented or detected in a timely manner.

During the year ended December 31, 2024, a material weakness was identified in our financial reporting controls over complex debt accounting.

During the year ended December 31, 2025, seven material weaknesses were identified:

• Lack of controls over banking authorities, including the opening of and custody over bank accounts, and the review and approval over cash disbursements;

• Management’s override of controls due to lack of segregation of duties and insufficiently robust checks and balances;

• Incorrect recognition of stock-based compensation;

• The Company did not obtain board approval for all related party transactions;

• Classification of fixed asset additions;

• Complex debt accounting, inclusive of derivatives; and,

• Completeness of payables and expenses.

During the three months ended March 31, 2026, a material weakness was identified in our financial reporting controls over the accounting for the unauthorized distributions made by Rick Svetkoff.

Remediation Efforts to Address the Identified Material Weaknesses

We plan to enhance our processes to identify and appropriately apply applicable accounting requirements to better evaluate debt and stock-based compensation accounting requirements that apply to our financial statements, and to improve robustness of controls and approvals processes of transactions and disbursements. Our plans at this time include:

• Adopting banking resolutions that limit banking relationships and defining approval authorities to ensure oversight and accountability over the Company’s funds;

• Adopting approval thresholds and enforcing dual-approval requirements for material payments, including those of the Company’s subsidiaries;

• Adopting board-approved bank account inventory and account-opening authority policy;

• Adopting bank access grant and revocation protocols;

• Providing enhanced access to accounting literature and research materials;

• Increasing communication among our personnel and third-party professionals;

• Enhancing our processes in our treasury functions to improve transparency and control;

• Implementing an enhanced matrix of approval authorities and review requirements on banking transactions;

• Implementing enhanced tracking of payables expenditures, including centralized processing of invoices; and,

• Enhancing vendor communications.