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 May 31, 2023

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

For the transition period from __________ to __________

Commission file number 333-255178

TRANSUITE.ORG INC.

(Exact name of registrant as specified in its charter)

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

02-001 Warsaw, Poland

+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: 4,046,760 common shares issued and outstanding as of July 5, 2023.

TABLE OF CONTENTS

		Page
PART I	FINANCIAL INFORMATION:

Item 1.	Condensed Financial Statements (Unaudited)	4
	Condensed Balance Sheets as of May 31, 2023 (Unaudited) and November 30, 2022	5
	Condensed Statements of Operations for the three and six months ended May 31, 2023 and 2022 (Unaudited)	6
	Condensed Statements of Changes in Stockholder’s Equity (Deficit) for the three and six months ended May 31, 2023 and 2022 (Unaudited)	7
	Condensed Statements of Cash Flows for the six months ended May 31, 2023 and 2022 (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	17

Item 1A	Risk Factors	17

Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	17

Item 3.	Defaults Upon Senior Securities	17

Item 4.	Mine Safety Disclosures	17

Item 5.	Other Information	17

Item 6.	Exhibits	17

Signatures		17

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.

Transuite.Org Inc.

Condensed Balance Sheets

as of May 31, 2023 (Unaudited) and November 30, 2022

		As of May 31, 2023		As of November 30, 2022
		(Unaudited)
ASSETS
Current Assets
Cash	$	911	$	37
Total Current Assets		911		37
Other Assets
Intangible assets, net		37,208		41,458
Total Other Assets		37,208		41,458
TOTAL ASSETS	$	38,119	$	41,495

LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)
Liabilities
Current Liabilities
Accounts payable	$	99	$	8,590
Loan payable – related party		74,743		57,079
Total Current Liabilities		74,842		65,669
Total Liabilities		74,842		65,669
Stockholder’s Equity (Deficit)
Common stock, $0.001 par value, 75,000,000 shares authorized, 4,046,760 and 4,046,760 shares issued and outstanding at May 31, 2023 and November 30, 2022		4,047		4,047
Additional paid in capital		33,031		30,149
Accumulated deficit		(73,801)		(58,370)
Total Stockholders’ Equity (Deficit)		(36,723)		(24,174)
TOTAL LIABILITIES & STOCKHOLDERS’ EQUITY (DEFICIT)	$	38,119	$	41,495

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

Transuite.Org Inc.

Condensed Statements of Operations

for the three and six months ended May 31, 2023 and 2022

(Unaudited)

		Three months ended May 31, 2023		Three months ended May 31, 2022		Six months ended May 31, 2023		Six months ended May 31, 2022

REVENUES	$	10,056	$	886	$	18,605	$	886
Cost of sales		2,100				2,100
GROSS PROFIT		7,956		886		16,505		886

OPERATING EXPENSES
General and administrative expenses		15,167		2,995		29,054		16,088
TOTAL OPERATING EXPENSES		15,167		2,995		29,054		16,088

LOSS FROM OPERATIONS		(7,211)		(2,109)		(12,549)		(15,202)

OTHER EXPENSE
Interest expense		1,643		658		2,882		1,173
TOTAL OTHER EXPENSE		1,643		658		2,882		1,173
NET LOSS	$	(8,854)	$	(2,767)	$	(15,431)	$	(16,375)

NET INCOME PER SHARE	$	(0.00)	$	(0.00)	$	(0.00)	$	(0.00)

WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED		4,046,760		4,046,760		4,046,760		3,938,899

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

Transuite.Org Inc.

Condensed Statements of Changes in Stockholders’ Equity (Deficit)

for the three and six months ended May 31, 2023 and 2022

(Unaudited)


	Common Stock			Additional Paid-in Capital		Accumulated Deficit		Total Stockholder`s Equity
	Shares	Amount


Balance at November 30, 2021	3,088,800	$	3,089	$	4,163	$	(27,782)	$	(20,530)
Imputed interest	-		-		1,173		-		1,173
Sales of common stock at $0.025 per share	957,960		958		22,991		-		23,949
Net loss	-		-		-		(16,375)		(16,375)
Balance at May 31, 2022	4,046,760	$	4,047	$	28,327	$	(44,157)	$	(11,783)

Balance at November 30, 2022	4,046,760	$	4,047	$	30,149	$	(58,370)	$	(24,174)
Imputed interest	-		-		2,882		-		2,882
Net loss	-		-		-		(15,431)		(15,431)
Balance at May 31, 2023	4,046,760	$	4,047	$	33,031	$	(73,801)	$	(36,723)


Balance at February 28, 2022	4,046,760	$	4,047	$	27,669	$	(41,390)	$	(9,674)
Imputed interest	-		-		658		-		658
Net loss	-		-		-		(2,767)		(2,767)
Balance at May 31, 2022	4,046,760	$	4,047	$	28,327	$	(44,157)	$	(11,783)

Balance at February 28, 2023	4,046,760	$	4,047	$	31,388	$	(64,947)	$	(29,512)
Imputed interest	-		-		1,643		-		1,643
Net loss	-		-		-		(8,854)		(8,854)
Balance at May 31, 2023	4,046,760	$	4,047	$	33,031	$	(73,801)	$	(36,723)

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

Transuite.Org Inc.

Condensed Statements of Cash Flows

for the six months ended May 31, 2023 and 2022

(Unaudited)

		Six months ended May 31, 2023		Six months ended May 31, 2022
OPERATING ACTIVITIES
Net income	$	(15,431)	$	(16,375)
Adjustments to reconcile net loss to net cash used in operating activities:
Amortization expense		4,250		-
Imputed interest		2,882		1,173
Prepaid expense		-		(22,500)
Changes in operating assets and liabilities:
Accounts payable		(8,491)		397
NET CASH USED IN OPERATING ACTIVITIES		(16,790)		(37,305)

NET CASH USED IN INVESTING ACTIVITIES		-		-

FINANCING ACTIVITIES
Proceeds from share issuance		-		23,948
Proceeds from borrowings – related party		17,664		7,600
NET CASH PROVIDED BY FINANCING ACTIVITIES		17,664		31,548

Net increase (decrease) in cash		874		(5,756)
Cash at beginning of period		37		5,854
Cash at end of period	$	911	$	98

SUPPLEMENTAL CASH FLOW INFORMATION:
Cash payments for:
Interest paid	$	-	$	-
Income taxes paid	$	-	$	-

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

Transuite.Org Inc.

Notes to the Condensed Financial Statements

(Unaudited)

1. The Company 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 $73,801 at May 31, 2023, had a net loss of $15,431, and used net cash of $16,790 in operating activities for six months ended May 31, 2023. 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.

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.

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 plans to collect payment from customers prior to transferring the translated material and may require deposits from customers at the time an order is placed. When deposits are collected prior to transferring ownership of the software the Company recognizes deferred revenue until the transfer is made. During the six months ended May 31, 2023, we have generated revenue in the amount of $18,605 . The translation services were provided by a translator hired for 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.

Receivables

Receivables are carried at net realizable value, representing the outstanding balance less an allowance for doubtful accounts based on a review of all outstanding amounts. Management determines the allowance for doubtful accounts by regularly evaluating individual receivables and receivables are written off when deemed uncollectible. Recoveries of receivables previously written off are recorded when received. We had an allowance for doubtful accounts of $0 as of May 31, 2023.

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.

Intangible Asset

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.

Transuite.Org Inc.

Notes to the Condensed Financial Statements

(Unaudited)

We capitalized website development and databases costs of $42,500, which is being amortized over a 5-year life or $8,500 per year. During the six months ended May 31, 2023, and May 31, 2022, we recognized $4,250 and $0 worth of amortization expense, respectively.

Impairment of Long-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.

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 the 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. The Company has no potential dilutive instruments, and therefore, basic and diluted earnings (loss) per share are equal.

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.

Advertising and Marketing

The Company expenses the costs of advertising and marketing as incurred. Advertising and marketing for the six months ended May 31, 2023, and 2022 totaled $0 and $3,150, respectively.

Transuite.Org Inc.

Notes to the Condensed Financial Statements

(Unaudited)

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

As of May 31, 2023, a director of the Company advanced $74,743 to the Company. This loan is unsecured, interest-free, with no fixed payment term, for working capital purposes. The note is non-interest bearing and has maturity date of June 15, 2025. Imputed interest expense of $2,882 and $1,173 for the six months ended May 31, 2023, and 2022, respectively, was recorded as additional paid in 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.

During the three months ended February 28, 2022, the Company issued 957,960 shares of common stock for cash proceeds of $23,949 at $0.025 per share.

There were 4,046,760 and 4,046,760 shares of common stock issued and outstanding as of May 31, 2023, and November 30, 2022, respectively.

6. Subsequent Events

In accordance with ASC 855, “Subsequent Events”, the Company has analyzed its operations subsequent to May 31, 2023, and has determined that it does not have any material subsequent events to disclose in these financial statements other than those described below.

Item 2.

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

Business Overview

We are developing our Translation Platform (the ‘Platform’) for regular users and/or small businesses for an annual license fee and/or a percentage of profits. Our Platform is going to be a cloud-based marketplace that can be accessed by a web browser on any kind of device that allows end-users to socially connect with translators that offer appropriate services in order to discuss suitable conditions of cooperation.

Competition

We face competition in the social networking sector. Moving forward with development of our Platform, we plan to compete on a larger scale with Facebook, LinkedIn, eBay, and other social networks and E-Commerce sites for users’ engagement, all of which have substantially more financial resources, and a significantly larger user-base than we do.

Competitive Advantages

Our competitive advantage is that we are solely dedicated to the translation industry that business and consumer users that do not feel comfortable sharing content and information on other social networks like Facebook, LinkedIn and Twitter, as it may either jeopardize their personal and professional reputations or be completely lost in the white-noise of billions of other posts.

Additionally, we are planning to develop specialized features for this translation industry that will incorporate E-Commerce directly into a user’s social networking account. This integration of E-Commerce directly into social networking is expected to set our Platform apart from our current competitors.

Competitive Disadvantages

Our competitive disadvantages are that we do not have the operational and financial resources that our competitors have, which results in our having fewer resources to market our online Translation Platform, advertise our digital services, acquire new users on our Platform, and sell our advertising and digital services to business customers, as compared to our competitors.

Marketing

Our prospective marketing consists of the following:


	●	Digital press advertising
	●	Online videos
	●	Social media
	●	Blogging
	●	Advertising networks

Employees

Apart from our President, Michal Wisniewski, there are no employees at TRANSUITE.ORG Inc. Mr. Wisniewski is entitled to manage all the processes related to the operations of the Company.

Results of Operations for the three and six months ended May 31, 2023, and May 31, 2022:

Revenue

For the six months ended May 31, 2023, and May 31, 2022, we generated total revenue of $18,605 and $886, respectively.

For the three months ended May 31, 2023, and May 31, 2022, we generated total revenue of $10,056 and $886, respectively.

Operating expenses

Total operating expenses for the six months ended May 31, 2023, and May 31, 2022 were $29,054 and $16,088. The operating expenses for the six months ended May 31, 2023, and May 31, 2022 included Audit Fees of $13,482 and $11,500; Bank Service Charges of $249 and $554; Professional Fees of $11,073 and $596; Depreciation expense of $4,250 and $0; Foreign Exchange Loss of $0 and $288; Advertising and promotion expense of $0 and $3,150.

Total operating expenses for the three months ended May 31, 2023, and May 31, 2022 were $15,167 and $2,995. The operating expenses for the three months ended May 31, 2023, and May 31, 2022 included Audit Fees of $2,575 and $2,500; Bank Service Charges of $135 and $28; Professional Fees of $10,332 and $397; Depreciation expense of $2,125 and $0; Foreign Exchange Loss of $0 and $70.

Net Loss

Our net loss the six months ended May 31, 2023, and May 31 2022 was $15,431 and $16,375, respectively.

Our net loss the three months ended May 31, 2023, and May 31 2022 was $8,854 and $2,767, respectively.

Liquidity and Capital Resources and Cash Requirements

As of May 31, 2023 and November 30, 2022, the Company had cash of $911 and $37. Furthermore, the Company had a working capital deficit of $73,931 as of May 31, 2023, and $65,632 as of November 30, 2022.

During the six months ended May 31, 2023, the Company used $16,790 of cash in operating activities due to its net loss of $15,431 and decrease in accounts payable of $8,491. During the six months ended May 31, 2022, the Company used $37,305 of cash in operating activities due to its net loss $16,375 and increase in prepaid expenses of $22,500 offset by an increase in accounts payable of $397.

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.

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 May 31, 2023. 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 May 31, 2023, 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 May 31, 2023, 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.

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.

We did not implement appropriate information technology controls – As at November 30, 2022, 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 May 31, 2023, 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 May 31, 2023, that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

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: July 5, 2023	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)