SEDAR Interim Financial Statements

GOGO AI NETWORK INC. Condensed Interim Consolidated Financial Statements For the nine months ended November 30, 2025 and 2024 (Expressed in Canadian dollars) Unaudited – Prepared by Management) NOTICE OF NO AUDITOR REVIEW OF THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS In accordance with National Instrument 51-102 Part 4, subsection 4.3(3)(a), if an auditor has not performed a review of these condensed interim consolidated financial statements, they must be accompanied by a notice indicating that the condensed interim consolidated financial statements have not been reviewed by an auditor. The accompanying unaudited condensed interim consolidated financial statements of the Company for the nine months ended November 30, 2025 have been prepared by and are the responsibility of the Company’s management, and have not been reviewed by the Company’s auditors. (The accompanying notes are an integral part of these condensed interim consolidated financial statements) 3 GOGO AI NETWORK INC. Condensed Interim Consolidated Statements of Financial Position As at November 30, 2025 and February 28, 2025 (Expressed in Canadian dollars) (Unaudited – Prepared by Management) November 30, 2025 $ February 28, 2025 $ Assets Current assets Cash and cash equivalents 617,095 - Prepaid expenses 59,180 29,072 Loan receivable (Note 5) 73,038 - Total current assets 749,313 29,072 Non-current asset Investments (Note 5) 2,179,019 3,150,478 Total non-current assets 2,179,019 3,150,478 Total assets 2,928,332 3,179,550 Liabilities Current liabilities Bank indebtedness - 109,247 Accounts payable and accrued liabilities (Notes 6 and 7) 357,829 337,023 Total liabilities 357,829 446,270 Shareholders’ equity Share capital (Note 8) 19,031,597 18,851,597 Warrant reserve (Note 8) 1,270,259 1,661,293 Share-based payment reserve (Note 10) 1,618,086 1,722,731 Equity component of convertible debt 176,251 176,251 Deficit (19,525,690) (19,678,592) Total shareholders’ equity 2,570,503 2,733,280 Total liabilities and shareholders’ equity 2,928,332 3,179,550 Nature of operations and continuance of business (Note 1) Approved and authorized for issuance by the Board of Directors on January 28, 2026: /s/ “Christopher Cherry” /s/ “Brandon Kou” Christopher Cherry, Director Brandon Kou, Director (The accompanying notes are an integral part of these condensed interim consolidated financial statements) 4 GOGO AI NETWORK INC. Condensed Interim Consolidated Statements of Operations and Comprehensive Loss For the nine months ended November 30, 2025 and 2024 (Expressed in Canadian dollars) (Unaudited – Prepared by Management) For the three months ended November 30, For the nine months ended November 30, 2025 $ 2024 $ 2025 $ 2024 $ Investment income (loss) Interest income 2,769 28,686 3,713 87,141 Realized gain (loss) on investments (Note 5) 159,357 - 544,865 (48) Unrealized gain (loss) on investments (Note 5) (96,951) (2,285,746) (481,416) (2,429,571) Total investment income (loss) 65,175 (2,257,060) 67,162 (2,342,478) Operating expenses Advertising and promotion 7,402 - 7,402 - Consulting fees (Note 8) 15,079 88,790 77,787 316,750 Foreign exchange 3,828 (12) 4,337 7,292 General and administrative 4,892 17,532 36,743 46,780 Marketing - - - 97,985 Professional fees 34,177 3,088 57,590 177,310 Share based compensation 180,000 - 180,000 - Transfer agent and filing fees 6,566 2,756 30,691 10,626 Travel 14,261 - 15,389 1,909 Total operating expenses 266,205 112,154 409,939 658,652 Income (los --- s) before other items (201,030) (2,369,214) (342,777) (3,001,130) Other items Accretion on discount - 219 - 5,917 Impairment of loan receivable and interest - (1,595,100) - (1,595,100) Gain (loss) on debt settlement - - - 780 Interest expense - - - (1,329) Total other items - (1,594,881) - (1,589,731) Net income (loss) for the period (201,030) (3,964,095) (342,777) (4,590,861) Loss per share, basic and diluted (0.00) (0.04) (0.00) (0.04) Weighted average common shares outstanding 112,303,621 110,369,555 111,009,555 110,224,464 (The accompanying notes are an integral part of these condensed interim consolidated financial statements) 5 GOGO AI NETWORK INC. Condensed Interim Consolidated Statements of Changes in Shareholders’ Equity For the nine months ended November 30, 2025 and 2024 (Expressed in Canadian dollars) (Unaudited – Prepared by Management) Share capital Warrant Share-based Equity component of convertible Total Shareholders’ Number of shares Amount $ reserve $ reserve $ debt $ Deficit $ Equity $ Balance, February 29, 2024 109,969,555 18,900,544 1,613,346 1,173,443 176,251 (15,950,387) 5,913,197 Exercise of warrants 400,000 31,870 (7,870) - - - 24,000 Net loss for the period - - - - - (4,590,861) (4,590,861) Balance, November 30, 2024 110,369,555 18,932,414 1,605,476 1,173,443 176,251 (20,541,248) 1,346,336 Balance, February 28, 2025 110,369,555 18,851,597 1,661,293 1,722,731 176,251 (19,678,592) 2,733,280 RSU Exercise 2,000,000 180,000 - - - - 180,000 Expiration of stock options - - - (104,645) - 104,645 - Expiration of Warrants - - (391,034) - - 391,034 - Net loss for the period - - - - - (342,777) (342,777) Balance, November 30, 2025 112,369,555 19,031,597 1,270,259 1,618,086 176,251 (19,525,690) 2,570,503 (The accompanying notes are an integral part of these condense interim consolidated financial statements) 6 GOGO AI NETWORK INC. Condensed Interim Consolidated Statements of Cash Flows For the nine months ended November 30, 2025 and 2024 (Expressed in Canadian dollars) (Unaudited – Prepared by Management) For the nine months ended November 30, 2025 $ 2024 $ Operating activities Net loss for the period (342,777) (4,590,861) Items not involving cash: Accretion on discount - (5,917) Interest expense - 1,329 Interest income - (87,141) Realized loss on investments (544,865) 48 Stock-based compensation 180,000 - Write-off of loan receivable and interest - 1,595,100 Unrealized loss (gain) on investments 481,416 2,429,571 Changes in non-cash operating working capital: Prepaid expenses (30,108) 138,621 Accounts payable and accrued liabilities 20,805 92,537 Net cash used in operating activities (235,529) (426,713) Investing activities Proceeds from sale of investments 4,037,331 600 Purchase of investments (3,002,422) (150,000) Net cash (used in) provided by investing activities 1,034,909 (625,977) Financing activity Loan receivable (73,038) (476,577) Shares issued for cash - 24,000 Net cash provided by financing activity (73,038) 24,000 Change in cash and cash equivalents 726,342 (1,028,690) (Bank Indebtedness) cash and cash equivalents, beginning of period (109,247) 1,587,741 (Bank Indebtedness) cash and cash equivalents, end of period 617,095 559,051 Cash and cash equivalents consist of: Cash in bank 600,405 15,974 Cash in brokerage account 16,690 2 Guarantee Investment Certificate 543,000 Cash in legal trust account - 75 Total (bank indebtedness) cash and cash equivalents 617,095 559,051 Supplemental Disclosure of Cash Flow Inform --- ation: Interest paid – – Income taxes paid – – Fair value of agents warrants issued 7,870 GOGO AI NETWORK INC. Notes to the Condensed Interim Consolidated Financial Statements For the nine months ended November 30, 2025 and 2024 (Expressed in Canadian dollars) (Unaudited – Prepared by Management) 7 1. Nature of Operations and Continuance of Business GoGo AI Network Inc. (formerly Medbright AI Investments Inc.) (the “Company”) was incorporated as Vanguard Investments Corp. on March 20, 2001 and on May 10, 2011, continued the Company’s registered jurisdiction from Alberta to British Columbia. The Company’s head office is located at Suite 1600, 409 Granville Street, Vancouver, BC, V6C 1T2 and its shares are listed on the Canadian Securities Exchange (“CSE”) under the symbol “VIN”. During the year ended February 29, 2020, the Company became an investment issuer. On November 7, 2023, the Company changed the name to ‘Medbright AI Investments Inc.’. The Company commenced trading on CSE under the new trading symbol “MBAI” on November 9, 2023. On January 2, 2026, the Company changed the name to GoGo AI Network Inc. and commenced trading on CSE under the new trading symbol “GOGO”. These condensed interim consolidated financial statements have been prepared on a going concern basis, which assumes that the Company will be able to realize its assets and discharge its liabilities in the normal course of business. During the nine months ended November 30, 2025, the Company incurred negative cash flow from operations. As at November 30, 2025, the Company has a working capital of $391,484 (February 28, 2025 – working capital deficiency $417,198) and an accumulated deficit of $19,525,690 (February 28, 2025 – $19,678,592) since inception and expects to incur further losses in the development of its business. The Company is also in default for certain loans payable. The continued operations of the Company are dependent on its ability to generate future cash flows or obtain additional financing. Management is of the opinion that with its current cash and other funds that may be obtained from external financing that it has sufficient working capital to meet the Company’s liabilities and commitments as they become due, although there is a risk that additional financing will not be available on a timely basis or on terms acceptable to the Company. These condensed interim consolidated financial statements do not reflect any adjustments that may be necessary if the Company is unable to continue as a going concern. 2. Basis of Presentation These condensed interim consolidated financial statements are prepared in accordance with International Accounting Standard (“IAS”) 34, Interim Financial Reporting under IFRS Accounting Standards (“IFRS”) issued by the International Accounting Standards Board (“IASB”). These condensed interim financial statements follow the same accounting policies and methods of application as the most recent annual financial statements of the Company. These condensed interim consolidated financial statements do not contain all of the information required for full annual financial statements. Accordingly, these condensed interim consolidated financial statements should be read in conjunction with the Company’s most recent annual consolidated financial statements, which were prepared in accordance with IFRS as issued by the IASB. These condensed interim consolidated financial statements have been prepared on a historical cost basis, except for --- financial instruments measured at fair value. In addition, these condensed interim consolidated financial statements have been prepared using the accrual basis of accounting except for cash flow information. The condensed interim consolidated financial statements are presented in Canadian dollars which is the functional currency of the Company. The functional currency of the US subsidiaries is the US dollar. 3. Material Accounting Policies The preparation of financial data is based on accounting principles and practices consistent with those used in the preparation of the audited consolidated financial statements as at February 28, 2025. The accompanying unaudited condensed interim consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements for the year ended February 28, 2025. GOGO AI NETWORK INC. Notes to the Condensed Interim Consolidated Financial Statements For the nine months ended November 30, 2025 and 2024 (Expressed in Canadian dollars) (Unaudited – Prepared by Management) 8 4. Critical Accounting Estimates and Judgements The preparation of these condensed interim consolidated financial statements in accordance with IFRS requires management to make judgments, estimates and assumptions that affect the application of accounting policies and reported amounts of assets, liabilities, revenue and expenses. The estimates and associated assumptions are based on historical experience and various other factors that are believed to be reasonable under the circumstances, the results of which form the basis of making the judgments about carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on a regular basis. Revisions to accounting estimates are recognized in the period in which the estimate is revised and in any future periods affected. Going concern At each reporting period, management exercises judgment in assessing the Company’s ability to continue as a going concern by reviewing its performance, resources, and future obligations. The conclusion that the Company will be able to continue as a going concern is subject to critical judgments of management with respect to assumptions surrounding the short and long-term operating budgets, expected profitability, investment and financing activities and management’s strategic planning. The assumptions used in management’s going concern assessment are derived from actual operating results along with industry and market trends. Management believes there is sufficient capital to meet the Company’s business obligations for at least the next 12 months, after taking into account expected cash flows, capital commitments, future financings and the Company’s cash and cash equivalents position at period-end. Fair value of investment in securities not quoted in an active market or private company investments The determination of fair value of the Company’s privately held investments at other than initial cost, is subject to certain limitations. Financial information for private companies in which the Company has investments may not be available and, even if available, that information may be limited and/or unreliable. The use of the valuation approaches described below may involve uncertainties and determinations based on management’s judgment and any value estimated from these techniques may not be rea --- lized or realizable. Company-specific information is considered when determining whether the fair value of a privately held investment should be adjusted upward or downward at the end of each reporting period. In addition to company-specific information, the Company will also consider trends in general market conditions and the share performance of comparable publicly traded companies when valuing privately held investments. The fair value of a privately held investment may be adjusted if: i. There has been a significant subsequent equity financing provided by outside investors at a valuation different than the current value of the investee company, in which case the fair value of the investment is set to the value at which that financing took place. ii. There have been significant corporate, political, or operating events affecting the investee company that, in management’s opinion, have a material impact on the investee company’s prospects and therefore its fair value. In these circumstances, the adjustment to the fair value of the investment will be based on management’s judgment and any value estimated may not be realized or realizable. GOGO AI NETWORK INC. Notes to the Condensed Interim Consolidated Financial Statements For the nine months ended November 30, 2025 and 2024 (Expressed in Canadian dollars) (Unaudited – Prepared by Management) 9 4. Critical Accounting Estimates and Judgements (continued) Fair value of investment in securities not quoted in an active market or private company investments (continued) iii. The investee company is placed into receivership or bankruptcy. iv. Based on financial information received from the investee company, it is apparent to the Company that the investee company is unlikely to be able to continue as a going concern. v. Release by the investee company of positive/negative operational results; and vi. Important positive/negative management changes by the investee company that the Company’s management believes will have a very positive/negative impact on the investee company’s ability to achieve its objectives and build value for shareholders. Adjustments to the fair value of a privately held investment will be based upon management’s judgment and any value estimated may not be realized or realizable. The resulting values for non- publicly traded investments may differ from values that would be realized if a ready market existed. In addition, the amounts at which the Company’s privately held investments could be currently disposed of may differ from the carrying value assigned. Fair value of other instruments Investments in warrants that are not traded on a recognized securities exchange do not have readily available market values. When there are sufficient and reliable observable market inputs, a market- based valuation technique such as the Black-Scholes valuation model (“Black-Scholes”) is used. Investment entity Management has applied judgment in determining whether the Company meets the criteria required under IFRS 10, in order to be classified as an investment entity. The following are criteria within IFRS 10 – Consolidated Financial Statements, which the Company used to evaluate and determine that it continues to meet the definition of an Investment Entity: • Obtain funds from one or more investors for the purpose of providing those investor(s) with investment management services; • Commits to its investor(s) that its business purpose is to invest funds solely for returns from capital a --- ppreciation, investment income, or both; and • Measures and evaluates the performance of substantially all its investments on a fair value basis. The Company meets the criteria required to be considered an “investment entity” under IFRS 10 and as such, in the cases where the Company has control or significant influence over a company in its investment portfolio, the Company values such investments as financial assets at FVTPL. 5. Investments Investments are recorded at their estimated fair value at the end of each reporting period. The fair values of the common shares of the publicly traded companies have been directly referenced to published price quotations in an active market. The fair value of investments in private companies will be based upon management’s judgement and different valuation techniques. The fair value of share purchase warrants of public companies are valued using the Black-Scholes option pricing model. GOGO AI NETWORK INC. Notes to the Condensed Interim Consolidated Financial Statements For the nine months ended November 30, 2025 and 2024 (Expressed in Canadian dollars) (Unaudited – Prepared by Management) 10 5. Investments (continued) Details of the Company’s investments are as follows: Note Number of common shares held Investment Cost at November 30, 2025 $ Fair value February 28, 2025 $ Additions $ Dispositions $ Net change $ Fair value November 30, 2025 $ Public companies: Leef Brands Inc. 359,008 176,612 152,252 - (69,770) 5,475 87,957 Homeland Uranium Corp. (formerly Shift Rare Metals Inc.) - - - 100,200 (78,985) (21,215) - Netramark Holdings Inc. - - 717,440 112,190 (955,334) 125,704 - Rocket Doctor AI Inc (formerly Treatment.com AI INC.) 959,000 371,915 131,130 747,305 (784,549) 721,264 815,150 Tribe PPTY Technologies INC - - - 135,000 (114,172) (20,828) - Verses AI Inc. 39,586 359,330 580,328 1,891,299 (2,032,780) (285,649) 153,198 Private companies: Algo8 Inc. (a) 4,500,000 900,000 - 900,000 - - 900,000 CWE European Holdings Inc. (a) 1,250,000 150,000 - - - - - First Person Ltd. (a) 50,000 175,000 - - - - - Healthcare Accretion Group Inc. (b) 4,933,334 8,184,516 - - - - - Mentorhead Incorporated (a) 100,000 308,626 - - - - - Share purchase warrants - - 569,128 116,630 (1,741) (461,303) 222,714 Share subscriptions - Shift Rare Metals Inc. - - 100,200 (100,200) - - - Algo8 Inc. - - 900,000 (900,000) - - - 10,626,000 3,150,478 3,002,424 (4,037,331) 63,448 2,179,019 During the nine months ended November 30, 2025, the Company disposed of certain investments for total proceeds of $4,037,331 and realized a gain of $544,865 and the Company had an unrealized loss on investments of $481,416. GOGO AI NETWORK INC. Notes to the Condensed Interim Consolidated Financial Statements For the nine months ended November 30, 2025 and 2024 (Expressed in Canadian dollars) (Unaudited – Prepared by Management) 11 5. Investments (continued) Note Number of common shares held Investment Cost at February 28, 2025 $ Fair value February 29, 2024 $ Additions $ Dispositions $ Net change $ Fair value February 28, 2025 $ Public companies: Edge Total Intelligence – – – 53,000 (51,969) (1,031) – Leef Brands Inc. 609,008 176,612 – 176,612 - (24,360) 152,252 Light AI Inc. – – – 27,500 (53,375) 25,875 – Netramark Holdings Inc. 472,000 159,691 260,400 19,500 (417,101) 854,641 717,440 Treatment.com AI INC. 282,000 164,620 – 164,620 - (33,490) 131,130 Verses AI Inc. 537,341 744,118 – 2,213,092 (2,276,799) 644,035 580,328 Private companies: CWE Euro --- pean Holdings Inc. (a) 1,250,000 150,000 – – – – – First Person Ltd. (a) 50,000 175,000 – – – – – Healthcare Accretion Group Inc. (b) 4,933,334 8,184,516 – – – – – Mentorhead Incorporated (a) 100,000 308,626 – – – – – Share purchase warrants – – 42,244 – – 526,884 569,128 Share subscriptions Shift Rare Metals Inc. 334,000 100,200 – 100,200 – – 100,200 Algo8 Inc. 4,500,000 900,000 – 900,000 – – 900,000 13,067,683 11,063,383 302,644 3,654,524 (2,799,244) 1,992,554 3,150,478 During the year ended February 28, 2025, the Company disposed of certain investments for total proceeds of $2,799,244 and realized a gain of $1,117,682 and the Company had an unrealized gain on investments of $874,872. Notes: (a) The Company owns less that 10% interest in the investee as at February 28, 2025 and November 30, 2025 (b) The Company owns 49.33% interest in the investee as at February 28, 2025 and November 30, 2025 GOGO AI NETWORK INC. Notes to the Condensed Interim Consolidated Financial Statements For the nine months ended November 30, 2025 and 2024 (Expressed in Canadian dollars) (Unaudited – Prepared by Management) 12 5. Investments (continued) The investments measured at fair value on a recurring basis were presented on the Company’s statement of financial position as at November 30, 2025 and February 28, 2025 as follows: Fair value measurements using Quoted prices in active markets for identical instruments (Level 1) $ Significant other observable inputs (Level 2) $ Significant unobservable inputs (Level 3) $ Balance, November 30, 2025 $ Investments 1,056,305 222,714 900,000 2,179,019 Fair value measurements using Quoted prices in active markets for identical instruments (Level 1) $ Significant other observable inputs (Level 2) $ Significant unobservable inputs (Level 3) $ Balance, February 28, 2025 $ Investments 1,681,350 569,128 900,000 3,150,478 Level 2 fair value hierarchy During the nine months ended November 30, 2025 and for the year ended February 28, 2025, the Company had the following activities: November 30, 2025 February 28, 2025 $ $ Balance, beginning of period 569,128 42,244 Purchase of share purchase warrants 116,630 – Proceeds on sale of warrants (1,741) – Realized gain (loss) on sale of warrants (621) – Fair value adjustments (460,682) 526,884 Balance, end of period 222,714 569,128 GOGO AI NETWORK INC. Notes to the Condensed Interim Consolidated Financial Statements For the nine months ended November 30, 2025 and 2024 (Expressed in Canadian dollars) (Unaudited – Prepared by Management) 13 5. Investments (continued) Level 3 fair value hierarchy The following table presents the changes in fair value measurements classified at Level 3 of the fair value hierarchy. The financial instruments are measured at fair value utilizing non-observable market inputs. The net realized loss on disposals of investments and the net change in unrealized loss on investments are recognized in the statements of loss and comprehensive loss. November 30, 2025 February 28, 2025 $ $ Balance, beginning of period 900,000 - Purchase at cost - 1,000,200 Transferred to Level 1 - (100,200) Balance, end of period 900,000 900,000 Within Level 3, the Company includes private company investments which are not quoted on a recognized securities exchange. The key assumptions used in the valuation of these instruments include, but are not limited to, the value at which a recent financing was done by the investee company, company-specific information, trends in general market c --- onditions and the share performance of comparable publicly traded companies. When a private company investment changes its status to a publicly-listed investment which meets Level 1 or Level 2 criteria, the investment is transferred out of the Level 3 fair value hierarchy. A transfer is recorded upon the occurrence of a liquidity transaction for an investee company, which includes, but is not limited to, a business combination between the entity and a public corporation pursuant to a reverse takeover, merger, amalgamation, arrangement, take-over bid, or an initial public offering of the entity. The transfers are recorded on the date that such a liquidity transaction is completed. The following table presents the valuation techniques and the nature of significant inputs used to determine the fair values of the Level 3 investments as at November 30, 2025 and February 28, 2025: Fair value Method Unobservable inputs Range of inputs $ Algo8 Inc. 900,000 Transaction price Recent purchase price N/A 900,000 Within Level 3 of the fair value hierarchy, for those investments valued based on recent financings, management has determined that there are no reasonably possible alternative assumptions that would change the fair value significantly as at November 30, 2025. A 10% change in the fair value of these investments would result in a corresponding change of approximately +/- $90,000 change to the fair value of the investments. The sensitivity analysis is intended to reflect the uncertainty inherent in the valuation of these investments under current market conditions, and its results cannot be extrapolated due to non-linear effects that changes in valuation assumptions may have on the fair value of these investments. Furthermore, the analysis does not indicate the probability of such changes occurring, and it does not necessarily represent the Company’s view of expected future changes in the fair value of these investments GOGO AI NETWORK INC. Notes to the Condensed Interim Consolidated Financial Statements For the nine months ended November 30, 2025 and 2024 (Expressed in Canadian dollars) (Unaudited – Prepared by Management) 14 5. Investments (continued) Loan receivable On July 22, 2025, the Company entered into a promissory note with Rocket Doctor AI Inc. (formerly Treatment.com AI Inc.) (“Rocket AI”) whereby the Company agreed to advance $70,000 to Rocket AI. The promissory note bears interest at a rate of 12% per annum and is unsecured and payable on demand. As at November 30, 2025, the Company had accrued $3,038 in accrued interest. 6. Accounts Payable and Accrued Liabilities November 30, 2025 $ February 28, 2025 $ Trade accounts payable 266,696 265,784 Accrued liabilities 91,133 71,239 357,829 337,023 7. Related Party Transactions Key management compensation Key management personnel include those persons having authority and responsibility for planning, directing and controlling the activities of the Company as a whole. The Company has determined that key management personnel consist of members of the Company's Board of Directors and corporate officers. The Company entered into the following transactions with related parties during the nine months ended November 30, 2025 and 2024 and as at November 30, 2025 and February 28, 2025. (a) The Company incurred $29,400 (November 30, 2024 – $47,250) in consulting fees to companies controlled by the Chief Financial Officer (“CFO”) of the Company. As at November 30, 2025, the Company owed $Nil (Febr --- uary 28, 2025 – $5,250) to the company controlled by the CFO and $4,000 (February 28, 2025 - $4,000) to the CFO, which are included in accounts payable and accrued liabilities. (b) The Company incurred $Nil (November 30, 2024 – $20,714) in consulting fees to former CEOs of the Company. (c) The Company incurred $52,500 (November 30, 2024 – $Nil) in consulting fees to a director of the Company. As at November 30, 2025, the Company owes $21,500 (February 28, 2025 – $Nil) which is included in accounts payable and accrued liabilities. (d) As at November 30, 2025, the Company owed $500 (February 28, 2025 – $500) to a director of the company, which is included in accounts payable and accrued liabilities. 8. Share Capital Authorized: Unlimited number of common shares without par value Shares issued during the nine months ended November 30, 2025 On September 4, 2025, a total of 2,000,000 shares were issued pursuant to the exercise of restricted stock units (RSUs) Shares issued during the year ended February 28, 2025 During the year ended February 28, 2025, the Company issued 400,000 common shares pursuant to the exercise of share purchase warrants at a price of $0.06 for total proceeds of $24,000. The fair value of $7,870 was transferred from warrant reserve to share capital upon exercise of share purchase warrants. GOGO AI NETWORK INC. Notes to the Condensed Interim Consolidated Financial Statements For the nine months ended November 30, 2025 and 2024 (Expressed in Canadian dollars) (Unaudited – Prepared by Management) 15 9. Share Purchase Warrants The following table summarizes the continuity of share purchase warrants: Number of Warrants Weighted average exercise price $ Balance, February 29, 2024 16,498,033 0.32 Exercised (400,000) 0.06 Expired (8,580,000) 0.35 Balance, February 28, 2025 7,518,033 0.29 Expired Broker (186,000) 0.30 Expired (3,125,000) 0.30 Balance, November 30, 2025 4,207,033 0.30 As at November 30, 2025, the Company had the following share purchase warrants outstanding: Number of warrants outstanding Exercise price $ Expiry date 3,497,443 0.30 February 9, 2026 709,590 0.20 February 9, 2026 4,207,033 GOGO AI NETWORK INC. Notes to the Condensed Interim Consolidated Financial Statements For the nine months ended November 30, 2025 and 2024 (Expressed in Canadian dollars) (Unaudited – Prepared by Management) 16 10. Compensation Plans Stock Options The Company has established a stock option plan for directors, employees and consultants which is administered by the board of directors with full and final authority with respect to the granting of all options. The exercise prices shall be determined by the board, but shall, in no event, be less than the closing market price of the Company’s shares on the grant date, less the maximum discount permitted under the TSX Venture Exchange’s policies. The number of common shares issuable under the plan may not exceed 10% of the issued and outstanding common shares. In addition, the number of common shares which may be reserved for issuance to any one individual may not exceed 5% of the issued common shares on a yearly basis. Options may be exercisable for a maximum of ten years from the date of grant. The following table summarizes the continuity of the Company’s stock options: Number of options Weighted average exercise price $ Outstanding, February 29, 2024 900,000 0.28 Granted 1,250,000 0.04 Forfeited (400,000) 0.32 Outstanding, February 28, 2025 1,750,000 0.10 Expired (500,000) 0.25 Outs --- tanding, November 30, 2025 1,250,000 0.04 Additional information regarding stock options outstanding as at November 30, 2025 is as follows: Outstanding and exercisable Range of exercise prices $ Number of options Weighted average remaining contractual life (years) Weighted average exercise price $ 0.035 1,250,000 4.18 0.035 1,250,000 4.18 0.04 Restricted share unit plan The Company has established a Restricted Share Unit Plan (“RSU Plan”) whereby the maximum number of common shares reserved for issue under the RSU Plan shall not exceed 10% of the issued and outstanding common shares of the Company. On September 4, 2025, the Company issued 2,000,000 common shares to settle 2,000,000 RSUs to a director of the Company. GOGO AI NETWORK INC. Notes to the Condensed Interim Consolidated Financial Statements For the nine months ended November 30, 2025 and 2024 (Expressed in Canadian dollars) (Unaudited – Prepared by Management) 17 11. Risk Management (a) Credit Risk Financial instruments that potentially subject the Company to a concentration of credit risk consist primarily of cash and cash equivalents, accrued interest receivable, and loan receivable. The Company limits its exposure to credit loss by placing its cash and cash equivalents with high credit quality financial institutions. The carrying amount of financial assets represents the maximum credit exposure. (c) Foreign Exchange Rate Risk Foreign currency risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate due to changes in foreign exchange rates. The Company is not exposed to any significant foreign exchange rate risk. (d) Interest Rate Risk Interest rate risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market interest rates. The Company is not exposed to significant interest rate risk as it does not have any liabilities with variable rates. (e) Liquidity Risk Liquidity risk is the risk that the Company will not be able to meet its financial obligations as they fall due. The Company currently settles its financial obligations out of cash. The ability to do this relies on the Company raising equity financing in a timely manner and by maintaining sufficient cash in excess of anticipated needs. 12. Capital Management The Company manages its capital to maintain its ability to continue as a going concern and to provide returns to shareholders and benefits to other stakeholders. The capital structure of the Company consists of cash and cash equivalents and equity comprised of issued share capital, share subscriptions receivable, warrant reserve, share-based payments reserve, and equity component of convertible debt. The Company manages its capital structure and makes adjustments to it in light of economic conditions. The Company, upon approval from its Board of Directors, will balance its overall capital structure through new share issues or by undertaking other activities as deemed appropriate under the specific circumstances. The Company is not subject to externally imposed capital requirements and the Company’s overall strategy with respect to capital risk management remained unchanged from the year ended February 28, 2025.