OTC: ODRS

The Slow-Sinker

We are continuing our efforts to design and develop a new slow-sinking sinker product that involves the use of a single injection molded component made of a material with a density heavier than water to achieve a slow-sinking rate with enough overall weight to accomplish long distance casting. We believe the use of a single injection molded product will allow us to accelerate the manufacturing process, which we anticipate will increase production capacity and reduce costs. To date, we have completed the design for the Slow-Sinker prototype and engaged an injection molding company to produce the initial product molds and manufacture a test run of the prototype product. The prototype design permits two or more of the products to be stacked together to increase the weight, casting distance, and sinking rate. During 2024, we also filed a patent application for the Slow-Sinker. No assurances can be given that the proposed injection molded Slow-Sinker product will be successfully completed and made available for sale, or that there will be consumer demand for the product. We do not currently plan to commence manufacturing of the proposed new product until the prototype has been evaluated, the design has been finalized, and additional funding has been received to cover the manufacturing costs.

Manufacturing

We own our custom injection mold for the Reel Guard, and we contract with a third party to manufacture the Reel Guard in minimum lots of 1,000 on an as needed basis. The adhesive strips used to attach the Reel Guard to the reel are manufactured by a national adhesives manufacturing company and custom ordered in pre-cut lengths from a local distributor in minimum lots of 1,000. We contract with another third party to print the Reel Guard product information card and package the Reel Guard product in sale-ready packages. Our Reel Guard inventory consists of both the raw material adhesive strips and the finished, packaged product units. As of September 30, 2025 and 2024, respectively, we had on hand $1,022 and $1,050 in finished goods and $2,596 and $2,596 in raw materials.

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As discussed above, we have completed the prototype design for our proposed new Slow Sinker product and have engaged an injection molding manufacturer to produce the molds for the product and manufacture a test run of the prototype product.

We maintain an inventory of products which we believe is sufficient to meet demand. If we should underestimate sales and fail to timely manufacture additional quantities of our products, we could face delays in providing our products to our customers, which could have a negative effect on our reputation and result in a decline in our product sales. If we overestimate sales, we will have invested our capital in products that remain in inventory, which will have a negative effect on our financial condition and results of operations. No assurances can be given that we will be able to accurately predict sales and maintain an optimal level of inventory in our system.

Although we have purchased substantially all inventories from one supplier and have been dependent on this supplier for all Reel Guard inventory purchases since we commenced operations, we believe the raw materials for both the Reel Guard and the Slow-Sinker are available for purchase from several different sources in the open market. We also believe there are several other manufacturing, printing, and packaging services capable of performing the services provided by our current contractors at competitive prices. Our ability to timely obtain raw materials and finished goods may be affected by events beyond our control, such as the inability of suppliers to timely deliver materials due to work stoppages or slowdowns, or significant weather and health conditions (such as a pandemic). Any adverse change in our supply chain and manufacturing, such as our relationship with our third-party contractors, the financial condition of such contractors, and their ability to provide supplies and services to us on a timely basis could have a material adverse effect on our business, results of operations, and financial condition.

Marketing / Shipping

We currently market and sell the Reel Guard through our website at “outdoorspecialtyproducts.com,” where we also provide access to marketing materials, instructional videos, and installation instructions. We also list the Reel Guard for sale on eBay. To date, we have sold the Reel Guard to residents of over 25 states and have made one sale outside the U.S.

If and when the Slow-Sinker has been completed and manufacturing has commenced, we intend to also market it on our website and to expand our website to include marketing materials for the product.

We believe our business is affected by seasonality, which historically has resulted in higher sales volume during the spring and summer months.

We currently only accept PayPal as the method of payment for our products that are sold on our website and eBay’s payment processing for our products that are sold on eBay. Our products are shipped via U.S. Mail promptly following confirmation from PayPal that payment for an order has been received. Shipping is included in the product price, and a customer pays no additional shipping charges.

Other Products

We have taken initial steps toward the development of what we believe to be a unique fishing rod product that involves the ability to attach different upper fly rod portions of varying lengths and weights to a single rod butt handle that results in a light-weight, multi-purpose fly rod. We have conducted preliminary research regarding the patentability of the proposed product and believe we may be able to obtain patent protection for the product, although no assurances can be given that the product will be developed or that patent protection will be obtained. We have halted our efforts regarding the development of this new product until such time as we have sufficient capital on hand to proceed with its development.

We were formed with the belief that there is an underserved marketplace in the outdoor sporting goods space which can be exploited from multiple fronts. In addition to the Reel Guard and the slow sinking sinker, we intend to investigate opportunities to develop additional products and to market third-party products in the outdoor sporting goods space on our website.

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Intellectual Property

We hold a U.S. patent on our Reel Guard and have applied for a patent on our proposed new Slow-Sinker product. We do not hold patents on any other products, and we do not currently hold any trademarks. No assurance can be given that our patents will provide sufficient protection against potential competitors, and we may be unable to successfully assert our intellectual property rights, or these rights may be invalidated, circumvented, or challenged. Any such inability or a successful intellectual property challenge or infringement proceeding against us could have a material adverse effect on our business.

Facilities

Our operations are currently conducted from the residence of our president. Our facilities are furnished to us at no cost and consist of the shared use of approximately 500 square feet of office space and assembly/storage space.

Competition

The outdoor specialty products industry is intensely competitive with respect to price, quality, features, and durability, and it is often difficult to entice customers to try a new product. Many of our competitors are well-established companies with name brand recognition, and almost all our competitors have substantially greater financial and other resources than we do. Such competitors include many national and regional companies, and most of our competitors have been in existence for a substantially longer period than we have and are better established. As such, there can be no assurance that we will be able to compete effectively in our chosen market. In addition, a change in the pricing, marketing, or promotional strategies or product mix of one or more of these competitors could have a material adverse impact on our sales and earnings.

Government Regulation

Our operations are subject to numerous federal, state, and local government regulations. The failure to comply with such requirements or an increase in the cost of compliance could adversely affect our operations. We are also subject to federal and state environmental regulations, which have not had a material effect on our operations to date. Our operations are also subject to federal and state laws governing such matters as wages, working conditions, citizenship requirements, and overtime. We do not currently anticipate that compliance with government regulations, including environmental regulations, will have a material effect on our capital expenditures, earnings, and competitive position.

Employees and Consultants

We do not currently have any employees other than our founder and president, who has made loans to the Company pursuant to a revolving loan agreement. We anticipate that the loss of our president would have a material adverse impact on our business and financial condition and there is no assurance that we could locate a qualified replacement. We have not entered into an employment agreement with our president, and we do not carry “key man” life insurance on his life.

Financing

Following our incorporation in 2014, we completed the private placement of 285,714 shares of our common stock to accredited investors in a private placement at a price of $0.35 per share for total proceeds of $100,011. The proceeds from the private placement together with our limited product sales were sufficient to fund our operations through our fiscal year ended September 30, 2020.

On January 4, 2021, we entered into a revolving promissory note agreement with our president and principal stockholder and on October 1, 2024, we amended and restated the revolving promissory note agreement and the prior amendments to the agreement. The amended and restated agreement provided for total loans of up to $170,000 at an interest rate of 3.5% per annum and was repayable on or before December 31, 2025. We received proceeds under the revolving promissory note of $39,802, and recorded interest expense of $5,202, during the year ended September 30, 2025, resulting in principal balances of $166,423 and $126,621, with accrued interest of $13,439 and $8,237, at September 30, 2025 and 2024, respectively. Effective October 3, 2025, the revolving promissory note agreement was

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further amended and restated to increase the maximum principal indebtedness to $200,600 and extend the maturity date to December 31, 2026.

On December 1, 2021, we entered into a revolving promissory note agreement with another principal stockholder and on October 1, 2024, we amended and restated the revolving promissory note agreement and the prior amendments to the agreement. The amended and restated agreement provided for loans of up to $30,000 at an interest rate of 3.5% per annum and was repayable on or before December 31, 2025. We received proceeds under the second revolving promissory note of $5,522, and recorded interest expense of $906, during the year ended September 30, 2025, resulting in principal balances of $27,869 and $22,437, with accrued interest of $2,128 and $1,222, at September 30, 2025 and 2024, respectively. Effective October 3, 2025, the revolving promissory note agreement was further amended and restated to increase the maximum principal indebtedness to $35,400 and extend the maturity date to December 31, 2026.