LEGEND SPICES, INC.

What they do

Legend Spices was incorporated in Nevada on May 10, 2021 and previously produced and sold seasonings and spices, with operations conducted in Armenia. Following the sale of shares by Mr. Mkrtchyan on March 29, 2025, the Company discontinued all seasoning-related operations in Armenia. It now operates as a shell company, exploring new business opportunities and evaluating potential acquisition targets, with no definite new operating business identified to date.

Revenue drivers

• Legacy seasoning sales (discontinued) — Revenue came from sales of seasoning-related products, primarily prior to the February 2025 suspension of operations; the last reported revenue was $644 in the six months ended June 30, 2025.
• No current revenue-generating segment — Since discontinuing the seasoning segment, the Company has generated no operating revenue and reported $0 revenue for each quarter from September 30, 2025 through June 30, 2026.

Recent performance

For the fiscal year ended December 31, 2025, revenue was $644 and net loss was $18,787. For the six months ended June 30, 2026, revenue was $0, expenses were $4,950, and net loss was $4,950; the comparable 2025 period had revenue of $644 and net loss of $8,861. For the three months ended June 30, 2026, revenue was $0, expenses were $4,350, and net loss was $4,350. Recent quarterly revenue was $0 for each period from September 30, 2025 through June 30, 2026. At June 30, 2026, total assets were $0, total liabilities were $22,475, and shareholder equity was negative $22,475 with no cash.

Strategy

Management states the Company has ceased its seasoning production and marketing business and intends to focus on exploring new business opportunities and evaluating potential acquisition targets. No definite new operating business has been identified, and no revenue has been generated from operating businesses since the discontinuation of the seasoning segment. The Company is re-evaluating its strategic direction and will continue to maintain its Nevada corporate existence. Management notes that future viability depends on securing additional financing or identifying viable new business operations.

Risks

• Going concern — The Company has incurred losses since inception, including a net loss of $128,012 from May 10, 2021 to December 31, 2025, and there is substantial doubt about its ability to continue as a going concern.
• No operating revenue — The Company has generated no operating revenue since discontinuing the seasoning segment and reported $0 revenue in each recent quarter through June 30, 2026.
• Capital needs — Management states it has no available funds to explore new business initiatives, engage independent contractors, or fund operating and administrative expenses.
• New business uncertainty — No definite new operating business or acquisition target has been identified, and there can be no assurance that any revenue will be generated in future periods.

Outlook

Management states that no new operating business has been finalized as of December 31, 2025, and that the Company's future viability depends on its ability to secure additional financing or identify viable new business operations. The Company expects to continue incurring operating expenses with no operating revenues for the foreseeable future. If unable to obtain additional financing on favorable terms, management indicates it may need to scale back or curtail its business plan.