Quarterly Report for Quarter Ending February 29, 2024 (Form 10-Q)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 10-Q

[X]QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended February 29, 2024

or

[ ]TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from __________ to __________

Commission number 333-255178

TRANSUITE.ORG INC.

(Exact name of registrant as specified in its charter)

Nevada		30-1129581		7370
(State or Other Jurisdiction of Incorporation or Organization)		(I.R.S. Employer Identification Number)		(Primary Standard Industrial Classification Code Number)

Michal Wisniewski

Al. Jerozolimskie 85 lok. 21

02-001Warsaw, PL

+48- 732100862

(Address, including Zip Code, and Telephone Number, including Area Code, of Registrant's Principal Executive Office)

Securities registered under Section 12(b) of the Exchange Act:
Title of each class		Trading Symbol		Name of each exchange on which registered
N/a		N/a		N/a
Securities registered under Section 12(g) of the Exchange Act:
None

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15 (d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes[X] No [ ]

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).

Yes [ ] No[X]

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.

Large accelerated Filer	[ ]	Accelerated Filer	[ ]
Non-accelerated Filer	[X]	Smaller reporting company	[X]
	Emerging growth company	[X]

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. [ ]

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes [ ] No[X]

State the number of shares outstanding of each of the issuer's classes of common equity, as of the latest practicable date: 4,046,760common shares issued and outstanding as of April 19, 2024.

TABLE OF CONTENTS

		Page
PART I	FINANCIAL INFORMATION:
Item 1.	Condensed Financial Statements (Unaudited)	4
	Condensed Balance Sheets as of February 29, 2024 (Unaudited) and November 30, 2023	5
	Condensed Statements of Operations for the three months ended February 29, 2024 and February 28, 2023 (Unaudited)	6
	Condensed Statements of Changes in Stockholder's Equity (Deficit) for the three months ended February 29, 2024 and February 28, 2023 (Unaudited)	7
	Condensed Statements of Cash Flows for the three months ended February 29, 2024 and February 28, 2023 (Unaudited)	8
	Notes to the Condensed Financial Statements	9
Item 2.	Management's Discussion and Analysis of Financial Condition and Results of Operations	13
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	14
Item 4.	Controls and Procedures	15
PART II	OTHER INFORMATION:
Item 1.	Legal Proceedings	18
Item 1A	Risk Factors	18
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	18
Item 3.	Defaults Upon Senior Securities	18
Item 4.	Mine Safety Disclosures	18
Item 5.	Other Information	18
Item 6.	Exhibits	18
Signatures		18

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PART I - FINANCIAL INFORMATION

Item 1.

Condensed Financial Statements.

The accompanying interim condensed financial statements of Transuite.Org Inc. ("the Company", "we", "us" or "our"), have been prepared without audit pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with United States generally accepted accounting principles have been condensed or omitted pursuant to such rules and regulations.

The interim financial statements are condensed and should be read in conjunction with the Company's latest annual financial statements.

In the opinion of management, the condensed financial statements contain all material adjustments, consisting only of normal recurring adjustments, considered necessary to present fairly the financial condition, results of operations, and cash flows of the Company for the interim periods presented.

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Transuite.Org Inc.

Condensed Balance Sheets

as of February 29, 2024 (Unaudited) and November 30, 2023

		As of February 29, 2024		As of November 30, 2023
		(Unaudited)
ASSETS
Current Assets
Cash	$	10,815	$	10,815
Prepaid expense		90,603		123,483
Total Current Assets		101,418		134,298
Other Assets
Intangible assets, net		51,452		54,677
Total Other Assets		51,452		54,677
TOTAL ASSETS	$	152,870	$	188,975
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
Liabilities
Current Liabilities
Accounts payable	$	-	$	18,100
Convertible notes payable		153,520		153,520
Total Current Liabilities		153,520		171,620
Loan payable - related party		81,363		50,671
Total Long-Term Liabilities		81,363		50,671
Total Liabilities		234,883		222,291
Stockholder's Equity (Deficit)
Common stock, $0.001par value, 75,000,000shares authorized, 4,046,760shares issued and outstanding at February 29, 2024 and November 30, 2023		4,047		4,047
Additional paid in capital		37,155		35,826
Accumulated deficit		(123,215)		(73,189)
Total Stockholders' Equity (Deficit)		(82,013)		(33,316)
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY (DEFICIT)	$	152,870	$	188,975

The accompanying notes are an integral part of the condensed financial statements.

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Transuite.Org Inc.

Condensed Statements of Operations

for the three months ended February 29, 2024 and February 28, 2023

(Unaudited)

		Three months ended February 29, 2024		Three months ended February 28, 2023
REVENUES	$	-	$	8,549
Cost of sales		-		-
GROSS PROFIT		-		8,549
OPERATING EXPENSES
General and administrative expenses		48,697		13,887
TOTAL OPERATING EXPENSES		48,697		13,887
LOSS FROM OPERATIONS		(48,697)		(5,338)
OTHER EXPENSE
Interest expense		1,329		1,239
TOTAL OTHER EXPENSE		1,329		1,239
NET LOSS	$	(50,026)	$	(6,577)
NET LOSS PER SHARE	$	(0.01)	$	(0.00)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED		4,046,760		4,046,760

The accompanying notes are an integral part of the condensed financial statements.

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Transuite.Org Inc.

Condensed Statements of Changes in Stockholders' Equity (Deficit)

for the three months ended February 29, 2024 and February 28, 2023

(Unaudited)

	Common Stock		Additional Paid-in Capital		Accumulated Deficit		Total Stockholder`s Equity (Deficit)
	Shares		Amount
Balance at November 30, 2022	4,046,760		$	4,047		$	30,149		$	(58,370)		$	(24,174)
Imputed interest	-			-			1,239			-			1,239
Net loss	-			-			-			(6,577)			(6,577)
Balance at February 28, 2023	4,046,760		$	4,047		$	31,388		$	(64,947)		$	(29,512)
Balance at November 30, 2023	4,046,760		$	4,047		$	35,826		$	(73,189)		$	(33,316)
Imputed interest	-			-			1,329			-			1,329
Net loss	-			-			-			(50,026)			(50,026)
Balance at February 29, 2024	4,046,760		$	4,047		$	37,155		$	(123,215)		$	(82,013)

The accompanying notes are an integral part of the condensed financial statements.

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Transuite.Org Inc.

Condensed Statements of Cash Flows

(Unaudited)

		Three months ended February 29, 2024		Three months ended February 28, 2023
OPERATING ACTIVITIES
Net income	$	(50,026)	$	(6,577)
Adjustments to reconcile net loss to net cash used in operating activities:
Amortization expense		3,225		2,125
Imputed interest		1,329		1,239
Changes in operating assets and liabilities:
Accounts receivable		-		(3,882)
Prepaid expense		32,880		-
Accounts payable		(18,100)		(2,802)
NET CASH USED IN OPERATING ACTIVITIES		(30,692)		(9,897)
NET CASH USED IN INVESTING ACTIVITIES		-		-
FINANCING ACTIVITIES
Proceeds from share issuance		-		-
Proceeds from borrowings - related party		30,692		10,543
NET CASH PROVIDED BY FINANCING ACTIVITIES		30,692		10,543
Net increase (decrease) in cash		-		646
Cash at beginning of period		10,815		37
Cash at end of period	$	10,815	$	683
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash payments for:
Interest paid	$	-	$	-
Income taxes paid	$	-	$	-

The accompanying notes are an integral part of the condensed financial statements.

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Transuite.Org Inc.

Notes to the Condensed Financial Statements

(Unaudited)

1. TheCompany and Basis of Presentation

Transuite.Org Inc. (the "Company") was incorporated under the laws of the State of Nevada in June 15, 2018. Transuite.Org Inc. offers translation services to individual and large companies and approaches to build tailored linguistic processes around each subject matter and content type. The company handles everything from content creation through translation and layout to content delivery. We also qualify in all the technical aspects of website and software localization. The company offers the following services:

1. Translation services

2. Localization services

3. Multimedia translation services

4. Desktop Publishing services

The Company has elected November 30th as its fiscal year end.

2.Going Concern

Our financial statements have been prepared on a going concern basis which assumes that we will be able to realize our assets and discharge our liabilities and commitments in the normal course of business for the foreseeable future. We have an accumulated deficit of $123,215 at February 29, 2024, had a net loss of $50,026, and used net cash of $30,692 in operating activities for three months ended February 29, 2024. These factors raise substantial doubt about our ability to continue as a going concern. Our ability to continue as a going concern is dependent upon generating profitable operations in the future and/or to obtain the necessary financing to meet our obligations and repay our liabilities arising from normal business operations when they come due. Our management intends to finance operating costs over the next twelve months with existing cash on hand and public issuance of common stock. While we believe that we will be successful in obtaining the necessary financing and generating revenue to fund our operations, meet regulatory requirements, and achieve commercial goals, there are no assurances that such additional funding will be achieved and that we will succeed in our future operations.

3. Summary of Significant Accounting Policies

Basis of Presentation

The Company uses the accrual basis of accounting and accounting principles. The condensed financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars. The Condensed Financial Statements and related disclosures have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission ("SEC").

Revenue

The Company recognizes revenue in accordance with Accounting Standards Codification ("ASC") 606, "Revenue from Contracts with Customers". The core principle of ASC 606 is that an entity recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services.

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An entity recognizes revenue in accordance with that core principle by applying the following steps: Step 1: Identify the contract with the customer. Step 2: Identify the performance obligations in the contract. Step 3: Determine the transaction price. Step 4. Allocate the transaction price. Step 5: Recognize revenue when (or as) the entity satisfies a performance obligation.

All of the revenue generated by the Company is for providing translation services. The Company's revenues are recognized at a point-in-time as translated material is transferred at a distinct point in time per the terms of a contract. The Company shall not be liable for any failure to perform its obligations if such failure is due to circumstances beyond its reasonable control. Any liability of the Company shall be limited to the total of all amounts paid by the customer for services under the contract.

The Company collects payment from customers after transferring the translated material. During the three months ended February 29, 2024, we have generated revenue in the amount of $0. During the three months ended February 28, 2023, we have generated revenue in the amount of $8,549. The translation services were provided by the Company's CEO and translators hired by the Company.

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Foreign Currency

The Company's functional and reporting currency is the U.S. dollar. Transactions may occur in foreign currencies, and management has adopted ASC 830, "Foreign Currency Translation Matters". Monetary assets and liabilities denominated in foreign currencies are translated using the exchange rate prevailing at the balance sheet date. Non-monetary assets and liabilities denominated in foreign currencies are translated at rates of exchange in effect at the date of the transaction. Average monthly rates are used to translate revenues and expenses. Gains and losses arising on translation or settlement of foreign currency denominated transactions or balances are included in the Statement of Operations.

IntangibleAsset

The Company accounts for its intangible assets in accordance with ASC Subtopic 350-40, Internal-Use Software-Computer Software Developed or Obtained for Internal Use, and ASC Subtopic 360-10, Accounting for the Impairment or Disposal of Long-Lived Assets. ASC Subtopic 350-40 requires assets to be recorded at the cost to develop the asset and requires an intangible asset to be amortized over its useful life and for the useful life to be evaluated every reporting period to determine whether events or circumstances warrant a revision to the remaining period of amortization. If the estimate of useful life is changed the remaining carrying amount of the intangible asset is amortized prospectively over the revised remaining useful life.

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Transuite.Org Inc.

Notes to the Condensed Financial Statements

(Unaudited)

We capitalized website development and databases costs of $64,500, which is being amortized over a 5-year life. During the three months ended February 29, 2024 and February 28, 2023, we recognized $3,225 and $2,125 worth of amortization expense, respectively.The Company expects to recognize additional amortization expense of $9,675 during the year ended November 30, 2024, $12,900 of amortization expense in the fiscal years ending November 2025 and 2026, $11,859 of amortization expense in the fiscal year ending November 30, 2027, and $4,118 of amortization expense in the fiscal year ending November 30, 2028.

Prepaid Expenses

Prepaid expenses are amounts paid to secure the use of assets or the receipt of services at a future date or continuously over one or more future periods. When the prepaid expenses are eventually consumed, they are charged to expense.

As of February 29, 2024 and November 30, 2023, there were $90,603and $123,483in prepaid expenses, respectively. The prepaid balance as of February 29, 2024 and November 30, 2023 is related to a 12-month Server Lease which was not accounted for under ASC 842 due to the Company's election to not apply the recognition requirements of ASC 842 to short-term leases (leases with terms of twelve months or less). The balance will be amortized straight-line over the 12-month term of the lease which commenced on November 8, 2023.During the three months ended February 29, 2024 we recognized $32,880of server expense.

Leases

The Company determines if an arrangement is a lease at inception. Operating leases are included in the operating lease right-of-use asset account, the operating lease liability, current account, and the operating lease liability, long term account in our balance sheet. Right-of-use assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payment.

Operating lease right-of-use assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. For leases in which the rate implicit in the lease is not readily determinable, we use our incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. We have elected to not apply the recognition requirements of ASC 842 to short-term leases (leases with terms of twelve months or less). Lease terms include options to extend or terminate the lease when it is reasonably certain that we will exercise that option. Lease expense for operating lease arrangements is recognized on a straight-line basis over the lease term. We have elected the practical expedient and will not separate non-lease components from lease components and will instead account for each separate lease component and non-lease component associated with the lease components as a single lease component.

Impairment ofLong-Lived Assets

The Company continually monitors events and changes in circumstances that could indicate carrying amounts of long-lived assets may not be recoverable. When such events or changes in circumstances are present, the Company assesses the recoverability of long-lived assets by determining whether the carrying value of such assets will be recovered through undiscounted expected future cash flows. If the total of the future cash flows is less than the carrying amount of those assets, the Company recognizes an impairment loss based on the excess of the carrying amount over the fair value of the assets. Assets to be disposed of are reported at the lower of the carrying amount or the fair value less costs to sell.

Advertising and Promotion

The Company expenses the costs of advertising and promotion as incurred. Advertising and promotion for the three months ended February 29, 2024 and February 28, 2023 totaled $0and $0, respectively.

Cash and Cash Equivalents

The Company considers all highly liquid investments with remaining maturities at the date of purchase of three months or less to be cash equivalents.

Basic and Diluted Loss Per Share

The Company computes earnings (loss) per share in accordance with ASC 260-10-45 'Earnings per Share, which requires presentation of both basic and diluted earnings per share on the face of the statement of operations. Basic earnings (loss) per share is computed by dividing net earnings (loss) available to common stockholders by the weighted average number of outstanding common shares during the period. Diluted earnings (loss) per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive earnings (loss) per share excludes all potential common shares if their effect is anti- dilutive. For the three months ended February 29, 2024 and February 28, 2023, potential dilutive securities of 5,117,333 and 0, respectively, had an anti-dilutive effect and were not included in the calculation of diluted net loss per common share; therefore, basic net loss per share is the same as diluted net loss per share.

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Transuite.Org Inc.

Notes to the Condensed Financial Statements

(Unaudited)

Income Taxes

The Company accounts for income taxes under the asset and liability method, whereby deferred tax assets and liabilities are determined based on the difference between the financial statement and tax bases of assets and liabilities using the enacted tax rates in effect for the year in which the differences are expected to affect taxable income. A valuation allowance is established when necessary to reduce deferred tax assets to the amounts expected to be realized.

Recent Accounting Pronouncements

The Company reviews new accounting standards as issued. Management has not identified any new standards that it believes will have a significant impact on the Company's financial statements.

4. Related party

Effective June 15, 2018, the Company entered a Loan Agreement with its CEO. The lender agreed to lend a total of $50,000 payable in applicable installments over the Term of the loan. The CEO agreed to an interest rate of 0% and a Term of 5 years. Effective October 6, 2022, the CEO agreed to increase maximum amount of the Loan to $100,000 and extend the Term to 7 years or until June 15, 2025. The amount due under the Loan was $81,363as of February 29, 2024. During the three months ended February 29, 2024, the CEO advanced $30,692 to the Company and the Company repaid the CEO $0. Imputed interest expense of $1,329 and $1,239 for the three months ended February 29, 2024 and February 28, 2023, respectively, was recorded as additional capital.

5.Stockholders' Equity

Upon formation, the total number of shares of all classes of stock which the Company is authorized to issue is Seventy-Five Million (75,000,000) shares of Common Stock, par value of $0.001 per share.

There were 4,046,760shares of common stock issued and outstanding as of February 29, 2024 and November 30, 2023, respectively.

6. Convertible Notes Payable

On November 8, 2023, the Company entered into the Loan Agreement with Mabel Thorndike ltd pursuant to which the Company issued to Mabel Thorndike ltd a Convertible Promissory Note in the aggregate principal amount of $153,520. The Convertible Note is not subject to interest, has a maturity date of November 8, 2024, and the Company has agreed to convert all or a portion of the outstanding balance of this Note into shares of the common stock, par value $0.03 per share from the date on which the Convertible Note is issued until the same becomes due and payable, whether at maturity or upon acceleration or by prepayment or otherwise. As of February 29, 2024, the amount due for this Convertible Note was $153,520.

7. Commitments and contingencies

Legal Matters

The Company may be involved, from time to time, in litigation or other legal claims and proceedings involving matters associated with or incidental to our business, including, among other things, matters involving breach of contract claims, and other related claims and vendor matters; however, none of the aforementioned matters are currently pending. The Company believes that we are not exposed to matters that will individually or in the aggregate have a material adverse effect on our financial condition or results of operations.

Notwithstanding the above, the outcome of litigation is inherently uncertain. If one or more legal matters were resolved against the Company in a reporting period for amounts in excess of management's expectations, the Company's financial condition and operating results for that reporting period could be materially adversely affected.

8. Subsequent Events

In accordance with ASC 855, "Subsequent Events", the Company has analyzed its operations subsequent to February 29, 2024, and has determined that it does not have any material subsequent events to disclose in these financial statements other than those described below.

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Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations.

Business Overview

Transuite.Org Inc. is an online translation service that offers high-quality professional translation services in a set of foreign languages. Our service is available worldwide, allowing us to cater to the needs of both individuals and businesses across various industries. We offer a platform, providing a cloud-based place accessible through a web browser on any device. The platform enables online translation services in English, Spanish, French, German, Greek, Japanese, Italian, Chinese, Polish, Turkish, Swedish, Indonesian, Vietnamese, and Thai. Our website, http://transuite.org, features a user-friendly interface for placing translation orders, making it easy to find available translation services based on a user's request and receive them when needed.

Our Website

Our platform can be accessed at http://transuite.org.

Strategy

Transuite.Org Inc. aims to address two main objectives: meeting the increasing demand for high-quality online translations across various industries and global individuals. Additionally, the company seeks to offer freelance translators a reliable platform to connect with new clients and expand their professional networks. To achieve these goals, we are dedicated to expanding our platform for regular users and small businesses, offering a cloud-based marketplace accessible through any web browser on any device. This expansion will facilitate direct connections between end-users and translators, enabling discussions on collaboration conditions and ensuring access to appropriate services tailored to specific needs.

Central to our strategy is the empowerment of freelance translators through our platform. We aim to create an environment where translators can showcase their skills, build their portfolios, and engage with potential clients. By fostering meaningful connections and providing a space for professional growth, we are committed to elevating the standards of online translation services while supporting the success and development of freelance translators worldwide.

Mission

Our mission is to empower freelance translators to build their portfolios, expand their networks, and connect with potential clients through our platform. Our platform is designed to assist professionals in maintaining, improving, and expanding their connections, learning, sharing, marketing, and selling their translation services online.

Our Translation Platform and Translation Services

Developed specifically for the translation industry, the platform targets subculture industries in over 120 countries, aiming for translation into multiple languages including English, Spanish, French, German, Greek, Japanese, Italian, Chinese, Polish, Turkish, Swedish, Indonesian, Vietnamese, and Thai. The platform seeks to enhance user connectivity and foster stronger business relationships compared to conventional social networks and e-commerce systems.

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As our platform is still under development, the terms and conditions of engagement agreements, including the minimum term and fee structure, are subject to further development and refinement. These agreements will outline the duration of user access, potential renewal options, and any associated fees or revenue sharing arrangements. Our fee structure will include periodical fees and/or a minimum of 20% of the net profits generated from monthly subscription services, e-commerce fees, and online advertising sales from platform users. Additionally, provisions will be included regarding termination rights and procedures in the event of non-payment, material breach, or mutual agreement. We will reserve the right to terminate an engagement agreement at any time if the user fails to pay the subscription fee. Either party may terminate the agreement for the other party's material breach, which is incurable or uncured by the breaching party for 30 days after receiving notice of the breach. Alternatively, the agreement may be terminated by mutual agreement. Upon termination, all services, rights, and authorizations granted to the user will immediately cease, and all outstanding amounts will be due and payable.

As we continue to develop our platform, our focus remains on serving the translation industry. We anticipate a dedicated consumer base within this industry, characterized by communication through non-public channels and a reliance on referral and imitation in their commerce and private activities. In considering the potential integration of machine learning (A.I.) into our platform, we aim to leverage user behavior data derived from online social activity. This data will facilitate more effective connections between users and businesses within our social network, optimizing engagement and interactions.

Competition

As we advance in the development of our platform, we recognize the need to strategically position ourselves to compete on a broader scale for users' engagement. We acknowledge the presence of established competitors offering similar services in the online translation industry. These competitors may include well-known platforms such as Google Translate, Microsoft Translator, and other online translation services.

Despite the challenges posed by our competitors' market dominance, we remain committed to leveraging our unique offerings and innovative approach, and to our vision of providing a comprehensive and user-friendly translation solution. By focusing on the unique needs of our target audience and leveraging advanced technologies tailored specifically for the translation industry, we strive to differentiate ourselves from competitors and establish our platform as a preferred choice for high-quality online translation services. Through continuous innovation, strategic partnerships, and a dedication to customer satisfaction, we aim to position ourselves as a leading player in the competitive landscape online translation platforms.

Competitive Disadvantages

Our competitive disadvantage lies in having fewer resources compared to our competitors. This limits our ability to market our online translation platform, advertise our digital services, acquire new users, and sell advertising and digital services to business customers.

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Employees

Effective February 12, 2024, the Board of Directors appointed Andrii Krot to serve as director of the Company. Michal Wisniewski continues to serve as the President, Director, Chief Executive Officer, Chief Financial Officer, Treasurer and Secretary of Board of Directors.

Results of Operations for the three months ended February 29, 2024, and February 28, 2023:

Revenue

For the three months ended February 29, 2024, and February 28, 2023, we generated total revenue of $0 and $8,549, respectively.

Operating expenses

Total operating expenses for the three months ended February 29, 2024, and February 28, 2023 were $48,697 and $13,887. The operating expenses for the three months ended February 29, 2024, and February 28, 2023 included Audit Fees of $7,174 and $10,907; Bank Service Charges of $0 and $114; Professional Fees of $5,418 and $741; Depreciation expense of $3,225 and $2,125; Server Expense of $32,880 and $0.

Net Loss

Our net loss the three months ended February 29, 2024, and February 28, 2023 was $50,026 and $6,577, respectively.

Liquidity and Capital Resources and Cash Requirements

As of February 29, 2024 and November 30, 2023, the Company had cash of $10,815 and $10,815. Furthermore, the Company had a working capital deficit of $52,102 as of February 29, 2024, and $37,322 as of November 30, 2023.

During the three months ended February 29, 2024, the Company used $30,692 of cash in operating activities due to its net loss of $50,026, amortization expense of $3,225, imputed interest of $1,329, and a decrease in accounts payable and prepaid of $18,100 and $32,880. During the three months ended February 28, 2023, the Company used $9,897 of cash in operating activities due to its net loss of $6,577, amortization expense of $2,125, imputed interest of 1,239, an increase in accounts receivable of $3,882, and a decrease in accounts payable of $2,802.

Off-Balance Sheet Arrangements

We have no off-balance sheet arrangements including arrangements that would affect our liquidity, capital resources, market risk support, and credit risk support, or other benefits.

Item 3.

Quantitative and Qualitative Disclosures About Market Risk.

Not applicable to smaller reporting companies.

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Item 4.

Controls and Procedures.

The Company is responsible for establishing and maintaining a system of disclosure controls and procedures (as defined in Rule 13a-15(e) and 15d-15(e) under the Exchange Act) that is designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the Commission's rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by an issuer in the reports that it files or submits under the Exchange Act is accumulated and communicated to the issuer's management, including its principal executive officer or officers and principal financial officer or officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.

An assessment was conducted with the participation of our principal executive and principal financial officer of the effectiveness of the design and operation of our disclosure controls and procedures as of February 29, 2024. Based on that evaluation, our management concluded that our disclosure controls and procedures were not effective as of such date to ensure that information required to be disclosed in the reports that we file or submit under the Exchange Act is recorded, processed, summarized, and reported within the time periods specified in SEC rules and forms.

Management's Report on Internal Control over Financial Reporting

Management is responsible for establishing and maintaining adequate internal control over financial reporting (as defined in Exchange Act Rule 13a-15(f)). The Company's internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with accounting principles generally accepted in the United States of America. Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate. Under the supervision and with the participation of management, including the Chief Executive Officer and Chief Financial Officer, the Company conducted an evaluation of the effectiveness of the Company's internal control over financial reporting as of February 29, 2024, using the criteria established in "Internal Control - Integrated Framework" issued by the Committee of Sponsoring Organizations of the Treadway Commission ("COSO - 2013").

A material weakness is a deficiency, or combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the Company's annual or interim financial statements will not be prevented or detected on a timely basis. In its assessment of the effectiveness of internal control over financial reporting as of February 29, 2024, the Company determined that there were control deficiencies that constituted material weaknesses, as described below.

1. We lack an adequate internal control structure - Due to the size of the Company we do not have the appropriate control activities, risk assessment procedures, controls over information and communication, or effective monitoring controls.

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2.

We do not have appropriate segregation of duties or adequate accounting resources - The Company has only one employee therefore no reviews are in place to ensure adequate financial reporting. Additionally, we lack accounting personnel with sufficient accounting knowledge, experience, and understanding of US GAAP or SEC rules. Further, while not being legally obligated to have an audit committee, it is the management's view that such a committee, including a financial expert member, is an utmost important entity level control over the Company's financial statements. Currently the Board of Directors acts in the capacity of the Audit Committee, and does not include a member that is considered to be independent of management to provide the necessary oversight over management's activities.

3.

We did not implement appropriate information technology controls - As at November 30, 2023, the Company retains copies of all financial data and material agreements; however, there is no formal procedure or evidence of normal backup of the Company's data or off-site storage of data in the event of theft, misplacement, or loss due to unmitigated factors. Further, there are no IT controls in place to prevent changes to, or misstatement in, financial reporting.

Accordingly, the Company concluded that these control deficiencies resulted in a reasonable possibility that a material misstatement of the annual or interim financial statements will not be prevented or detected on a timely basis by the Company's internal controls.

As a result of the material weaknesses described above, management has concluded that the Company did not maintain effective internal control over financial reporting as of February 29, 2024, based on criteria established in Internal Control- Integrated Framework issued by COSO.

Changes in Internal Controls over Financial Reporting

There has been no change in our internal control over financial reporting that occurred during the three months ended February 29, 2024, that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

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PART II. OTHER INFORMATION

Item 1.

Legal Proceedings.

We know of no legal proceedings to which we are a party or to which any of our property is the subject which are pending, threatened or contemplated or any unsatisfied judgments against us.

Item 1A.

Risk Factors.

Not applicable to smaller reporting companies.

Item 2.

Unregistered Sales of Equity Securities and Use of Proceeds.

Not Applicable.

Item 3.

Defaults Upon Senior Securities.

Not Applicable.

Item 4.

Mine Safety Disclosures.

Not Applicable.

Item 5.

Other Information.

There is no other information required to be disclosed under this item that has not previously been reported.

Item 6.

Exhibits.

Exhibit No.		Description
31.1		Certification of Chief Executive Officer and Chief Financial Officer pursuant to Securities Exchange Act of 1934 Rule 13a-14(a) or 15d-14(a).
32.1		Certifications pursuant to Securities Exchange Act of 1934 Rule 13a-14(b) or 15d-14(b) and 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes- Oxley Act of 2002.

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

TRANSUITE.ORG INC.
Date: April 19, 2024	By:	s/ Michal Wisniewski
		Michal Wisniewski, Chief Executive Officer/Director
		(Principle Executive Officer)
		s/ Michal Wisniewski

Michal Wisniewski, Chief Financial Officer/Chief Accounting Officer/Director (Principle Financial Officer)

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