Driveitaway Holdings, Inc.

Previous wording

Revenues for the three months ended June 30, 2025, increased $99,341 from $106,871 for the period ending June 30, 2024, to $206,212 for the period ending June 30, 2025. This was due to a $99,341 increase in rental revenue and insurance revenue as a result of more vehicles available to rent.

Current wording

Revenues for the three months ended December 31, 2025, increased $40,296 from $241,946 for the period ending December 31, 2024, to $282,242 for the period ending December 31, 2025. This was due to a $40,296 increase in rental revenue and insurance revenue as a result of more vehicles available to rent.

Previous wording

Operating expenses for the three months ended June 30, 2025, increased $196,386 as compared to the three months ended June 30, 2024. The increase was primarily attributable to increases in general and administrative of $108,016, professional fees of $64,098, and software development of $41,760, and stock compensation of $29,587, and offset by decreases in advertising and marketing expenses of $1,500, and salaries and payroll taxes of $45,575.

Current wording

Operating expenses for the three months ended December 31, 2025, decreased $132 as compared to the three months ended December 31, 2024. The decrease was primarily attributable to decreases in salaries and payroll taxes of $10,996, general and administrative of $26,006, software development of $15,615, and, offset by increases in stock compensation expense of $40,625 and professional fees of $11,860.

Previous wording

Loss from operations was $333,469 for the three months ended June 30, 2025, as compared to $95,015 for the three months ended June 30, 2024. The increase of $238,454 was due to higher operating expenses and lower gross profit.

Current wording

Loss from operations was $140,277 for the three months ended December 31, 2025, as compared to $125,612 for the three months ended December 31, 2024. The increase of $14,665 was due to lower gross profit.

Previous wording

Other expense for the three months ended June 30, 2025, was $3,657,845, as compared to other expense of $423,832 for the three months ended June 30, 2024. The change of $3,123,013 is primarily attributable to the change in fair value of the derivative liability of $3,580,408 reduced by decreases in interest expense of $254,373, and amortization of debt discount of $80,785.

Current wording

Other income for the three months ended December 31, 2025, was $689,145, as compared to net other expense of $582,075 for the three months ended December 31, 2024. The change of $92,405 is primarily attributable to the change in fair value of derivative liabilities of $67,792.

Previous wording

As of June 30, 2025, our working capital deficiency increased $4,206,091 as compared to September 30, 2024. This was primarily attributable to a $4,193,425 increase in in current liabilities.

Current wording

As of December 31, 2025, our working capital deficiency decreased $1,018,169 as compared to September 30, 2025. This was primarily attributable to a $1,007,204 decrease in current liabilities.

Previous wording

During the nine months ended June 30, 2024, we did not generate positive cash flows from operating activities. For the nine months ended June 30, 2024, net cash flows used in operating activities was $830,047, consisting of a net loss of $1,710,105, a loss on change in fair value of derivative liability of $345,832, and decreased by amortization debt discount of $289,528, depreciation and amortization of $28,486, financing fee of $43,456 and a change in operating assets and liabilities of $176,030.

Current wording

During the three months ended December 31, 2025, we did not generate positive cash flows from operating activities. For the three months ended December 31, 2025, net cash flows used in operating activities was $176,881, consisting of a net income of $548,868, a gain on change in fair value of derivative liability of $981,354, loss on sale of fixed assets of $19,447, and increased by amortization debt discount of $109,782, stock compensation expense of $40,625, amortization of deferred financing costs of $11,811, depreciation and amortization of $28,102, and an increase in operating assets and liabilities of $45,905.

Previous wording

During the nine months ended June 30, 2025, we did not generate positive cash flows from operating activities. For the nine months ended June 30, 2025, net cash flows used in operating activities was $(260,973), consisting of a net loss of $3,982,809, a loss on change in fair value of derivative liability of $2,504,840, amortization debt discount of $125,172, amortization of deferred financing costs of $203,464, depreciation and amortization of $111,440, and a change in operating assets and liabilities of $747,333.

Current wording

During the three months ended December 31, 2024, we did not generate positive cash flows from operating activities. For the three months ended December 31, 2024, net cash flows used in operating activities was $55,686, consisting of a net income of $456,463, a gain on change in fair value of derivative liability of $913,562, and increased by amortization debt discount of $59,378, amortization of deferred financing costs of $137,580, depreciation and amortization of $37,554, and a change in operating assets and liabilities of $166,901.

Previous wording

During the nine months ended June 30, 2024, the Company used $94,837 cash from investing activities to purchase vehicles for its rental fleet.

Current wording

During the three months ended December 31, 2025, the Company generated $99,680 in cash from investing activities from the sale of vehicles from its rental fleet.

Previous wording

During the nine months ended June 30, 2025, the Company used $137,290 cash from investing activities to purchase vehicles for its rental fleet.

Current wording

During the three months ended December 31, 2024, the Company used $137,289 cash from investing activities to purchase vehicles for its rental fleet.

Previous wording

During the nine months ended June 30, 2024, the Company generated $905,115 from financing activities including proceeds of $941,675 from the issuance of convertible promissory notes and promissory notes and related debt discounts, and proceeds from the sale of common stock of $15,000 which was partially offset by $51,560 for repayment of promissory notes.

Current wording

During the three months ended December 31, 2025, the Company generated $126,944 from financing activities including proceeds from the sale of warrants of $240,000, proceeds from convertible notes payable of $24,000, which was partially offset by $137,056 for repayment of promissory notes.

Previous wording

During the nine months ended June 30, 2025, the Company generated $383,067 from financing activities including proceeds of $1,300 from related party advances, $268,812 from the issuance of promissory notes, $225,321 from the issuance of convertible promissory notes, proceeds from the sale of warrants of $50,000, and proceeds from the sale of common stock of $5,000 which was partially offset by $167,366 for repayment of promissory notes.

Current wording

During the three months ended December 31, 2024, the Company generated $228,745 from financing activities including proceeds of $450 from related party advances, $180,117 from the issuance of promissory notes, $57,458 from the issuance of convertible promissory notes, proceeds from the sale of warrants of $50,000, and proceeds from the sale of common stock of $5,000 which was partially offset by $64,280 for repayment of promissory notes.

Previous wording

As of June 30, 2025, the Company had a net loss of $3,982,809, accumulated deficit of $9,541,948 and did not have sufficient cash on hand to cover expenses for the next twelve (12) months. The Company intends to convert its convertible debt into common stock and to fund operations through equity financing arrangements, which may be insufficient to fund its capital expenditures, working capital and other cash requirements for the ensuing twelve months.

Current wording

As of December 31, 2025, the Company had a net income of $548,868, accumulated deficit of $9,912,751 and did not have sufficient cash on hand to cover expenses for the next twelve (12) months. The Company intends to convert its convertible debt into common stock and to fund operations through equity financing arrangements, which may be insufficient to fund its capital expenditures, working capital and other cash requirements for the ensuing twelve months.

Previous wording

Initial non-refundable fees are recognized when payment is received as the Company has no obligation to provide additional services at that point. Miscellaneous charges for extra mileage, late fees, or toll charges calculated and charged to the customer credit card at the end of the usage cycle are recognized when the credit card charge goes through. Refundable deposits are recorded on the balance sheet until deposits are returned to customers or applied to their account for fees incurred. Deferred revenue includes rental and insurance amounts that are paid for contracts that overlap a reporting date and relate to usages after that date. As of June 30, 2025 and September 30, 2024 refundable deposits were $0 and $1,339 and deferred revenue was $10,785 and $3,306, respectively.

Current wording

Initial non-refundable fees are recognized when payment is received as the Company has no obligation to provide additional services at that point. Miscellaneous charges for extra mileage, late fees, or toll charges calculated and charged to the customer credit card at the end of the usage cycle are recognized when the credit card charge goes through. Refundable deposits are recorded on the balance sheet until deposits are returned to customers or applied to their account for fees incurred. Deferred revenue includes rental and insurance amounts that are paid for contracts that overlap a reporting date and relate to usages after that date. As of December 31, 2025 and September 30, 2025 refundable deposits were $0 and deferred revenue was $15,912 and $15,740, respectively.