Form 100W (2025) — California Corporation Franchise or Income Tax Return — Water's-Edge Filers

# preamble

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• • • RP 3621253 Form 100W 2025 Side 1 .......

# TAXABLE YEAR

California Corporation Franchise or Income Tax Return — Water's-Edge Filers FORM For calendar year 2025 or fiscal year beginning (mm/dd/yyyy) and ending (mm/dd/yyyy) . Corporation name California corporation number FEIN Additional information. See instructions. California Secretary of State file number Street address (suite/room no.) PMB no. City (If the corporation has a foreign address, see instructions.) State ZIP code Foreign country name Foreign province/state/county Foreign postal code Schedule Q Questions (continued on Side 2) A FINAL RETURN? Dissolved Surrendered (withdrawn) Merged/Reorganized IRC Section 338 sale QSub election Enter date (mm/dd/yyyy) B 1. Is income included in a combined report of a unitary group? Yes No If "Yes," indicate: Wholly within CA (R&TC 25101.15) Within and outside of CA 2. Is there a change in the members listed in Schedule R-7 from the prior year? Yes No 3. Enter the number of members (including parent or key corporation) listed in the Schedule R-7, Part I, Section A, subject to income or franchise tax 4. Is form FTB 3544 attached to the return? Yes No C 1. During this taxable year, did this corporation or any of its subsidiaries acquire control or majority ownership (more than a 50% interest) in another legal entity? If yes, did the acquired entity(ies) own California real property (i.e., land, buildings), lease such property for a term of 35 years or more, or lease such property from a government agency for any term? If yes to both questions, answer yes Yes No 2. During this taxable year, did another person or legal entity acquire control or majority ownership (more than a 50% interest) of this corporation or any of its subsidiaries? If yes, did the acquired entity(ies) own California real property (i.e., land, buildings), lease such property for a term of 35 years or more, or lease such property from a government agency for any term? If yes to both questions, answer yes Yes No 3. Has California real property (i.e., land, buildings) transferred to the corporation that was excluded from property tax reassessment under Revenue and Taxation Code Section 62(a)(2)? If yes, during this taxable year, has more than 50% of the voting stock of this corporation cumulatively transferred in one or more transactions and it was not reported on previous year's tax return? If yes to both questions, answer yes Yes No (Yes requires filing of BOE-100-B statement, penalties may apply - see instructions.) State Adjustments 1 Net income (loss) before state adjustments. See instructions 2 Amount deducted for foreign or domestic tax based on income or profits from Schedule A 3 Amount deducted for tax under the provisions of the Corporation Tax Law from Schedule A 4 Interest on government obligations 5 Net California capital gain from Side 6, Schedule D, line 11 6 Depreciation and amortization in excess of amount allowed under California law. Attach form FTB 3885 7 a Net income from included CFCs from form FTB 2416, column (i). See instructions b Net income from corporations not included in federal consolidated return. See instructions 8 Other additions. Attach schedule(s) 9 Total. Add line 1 through line 8

Side 2 Form 100W 2025 3622253 State Adjustments (cont.) ....... • 10 00 ........... • 11a 00 ......... • 11b 00 .. • 12 00 ...................... • 13 00 ..................................... • 14 00 ........................... • 15 00 ............................................................. • 16 00 .......................... • 17 00 . • 18 00 .............. • 19 00 .................... • 20 00 ........................ • 21 00 ................ • 22 00 ................. • 23 00 • __ __ __ ..... ▶ 24 00 • __ __ __ ..... ▶ 25 00 .................. • 26 00 .................................................................. • 27 00 ..................... • 28 00 ................................ • 29 00 ............................................................. • 30 00 .................. • 31 00 .................. • 32 00 . ....... • 33 00 ............... • 34 00 ............................ • 35 00 ..................................................... • 36 00 ...................... • 37 00 ............................. • 38 00 ............................................ • 39 00 ............... • 40 00 □ □ • • • . ................................................................... • 41a 00 • □ 42 00...................................... ............................................................. • ....................................... • □ □ ...................................................... • ____________________________________________________________ ___________________________________________________________ • ............. • ............... • □ □ 10 Intercompany dividend elimination. Attach Schedule H (100W) 11 a Foreign dividend deduction. Attach Schedule H (100W) b Dividends received deduction. Attach Schedule H (100W) 12 Additional depreciation allowed under CA law. Attach form FTB 3885 13 Capital gain from federal Form 1120, line 8 14 Charitable Contributions 15 Other deductions. Attach schedule(s) 16 Total. Add line 10 through line 15 17 Net income (loss) after state adjustments. Subtract line 16 from Side 1, line 9 CA Net Income 18 Net income (loss) for state purposes. Complete Schedule R if apportioning or allocating income. See instructions 19 Net operating loss (NOL) deduction. See instructions 20 EZ, TTA, or LAMBRA NOL carryover deduction 21 Disaster loss deduction. See instructions 22 Net income for tax purposes. Combine line 19 through line 21. Then, subtract from line 18 Taxes 23 Tax. % x line 22 (at least minimum franchise tax, if applicable). See instructions 24 Credit name code amount 25 Credit name code amount 26 To claim more than two credits, see instructions 27 Add line 24 through line 26 28 Balance. Subtract line 27 from line 23 (at least minimum franchise tax, if applicable) 29 Alternative minimum tax. Attach Schedule P (100W). See instructions

30 Total tax. Add line 28 and line 29 Payments 31 Overpayment from prior year allowed as a credit 32 2025 Estimated tax payments. See instructions 33 2025 Withholding (Form 592-B and/or 593). See instructions 34 Amount paid with extension of time to file tax return 35 Refundable Program 4.0 California Motion Picture and Television Production Credit. See instructions 36 Total payments. Add line 31 through line 35 Refund or Amount Due 37 Tax due. If line 30 is more than line 36, subtract line 36 from line 30. Go to line 41 38 Overpayment. If line 36 is more than line 30, subtract line 30 from line 36 39 Amount of line 38 to be credited to 2026 estimated tax 40 Refund. Subtract line 39 from line 38. See instructions to have the refund directly deposited 40a. Routing number 40b. Type Checking Savings 40c. Account number 41 a Penalties and interest b Check if estimate penalty computed using Exception B or C on form FTB 5806. See instructions 42 Total amount due. Add line 37 and line 41a. Pay this amount Schedule Q Questions (continued from Side 1) D This return is being filed pursuant to a water's-edge election under R&TC Section 25113, commencing on Enter date (mm/dd/yyyy) E Was the corporation's income included in a consolidated federal return? Yes No F Principal business activity code. (Do not leave blank): Business activity Product or service G Date incorporated (mm/dd/yyyy): Where: State Country H Date business began in California or date income was first derived from California sources (mm/dd/yyyy) I Was the corporation an inactive business both within and outside of California during the taxable year? Yes No

Form 100W 2025 Side 33623253 ............. • □ □ • □ □ □ □ □

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▶ ▶ □ • ▶ • • ....................... • □ □ • J First return? Yes No If "Yes," and this corporation is a successor to a previously existing business, check the appropriate box. (1) Sole proprietorship (2) Partnership (3) Joint venture (4) Corporation (5) Other (Attach statement showing name, address, and FEIN/SSN/ITIN of previous business.) K "Doing business as" name. See instructions: L At any time during the taxable year, was more than 50% of the voting stock: 1. Of the corporation owned by any single interest? Yes No 2. Of another corporation owned by this corporation? Yes No 3. Of this and one or more other corporations owned or controlled, directly or indirectly, by the same interests? Yes No If 1 or 3 is "Yes," enter the country of the ultimate parent If 1, 2, or 3 is "Yes," furnish a statement of ownership indicating pertinent names, addresses, and percentages of stock owned. If the owner(s) is an individual, provide the SSN/ITIN and see FTB 1131 EN-SP , for more information. M Has the corporation included a reportable transaction or listed transaction within this return? (See instructions for definitions) Yes No If "Yes," complete and attach federal Form 8886 for each transaction. N Is this corporation apportioning or allocating income to California using Schedule R? Yes No O How many entities, if any, including this corporation, are claiming immunity from taxation in California under Public Law 86-272? P Corporation headquarters are: (1) Within California (2) Outside of California, within the U.S. (3) Outside of the U.S. Q Location of principal accounting records: R Accounting method: (1) Cash (2) Accrual (3) Other S Does this corporation or any of its subsidiaries have a Deferred Intercompany Stock Account (DISA)? Yes No If "Yes," enter the total balance of all DISAs T Is this corporation or any of its subsidiaries a RIC? Yes No U Is this corporation treated as a REMIC for California purposes? Yes No V 1. Is this corporation a REIT for California purposes? Ye s No 2. If question V1 is "Yes," does the entity own any qualified REIT subsidiaries that are incorporated or qualified with the California Secretary of State? If yes, see instructions Yes No W Is this corporation an LLC or limited partnership electing to be taxed as a corporation for federal purposes? Yes No If "Yes", enter the effective date of the election (mm/dd/yyyy): X Is this corporation to be treated as a credit union? Yes No Y Is the corporation under audit by the IRS or has it been audited by the IRS in a prior year? Yes No Z Have all required information returns (e.g. federal Forms 1099, 5471, 5472, 8300, 8865, etc.) been filed with the Franchise Tax Board? N/A Yes No AA Does the taxpayer (or any corporation of the taxpayer's combined group, if applicable) own 80% or more of the stock of an insurance company? Yes No BB Did the corporation file the federal Schedule UTP (Form 1120)? Yes No CC Does any member of the combined report own an SMLLC or generate/claim credits that are attributable to an SMLLC? Yes No DD 1. Has this business entity previously filed an unclaimed property Holder Remit Report with the State Controller's Office? Yes No 2. If "Yes," when was the last report filed? (mm/dd/yyyy) 3. Amount last remitted $ Sign Here Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of prepar er (other than taxpayer) is based on all information of which preparer has any knowledge. Signature of officer Title Date Telephone Officer's email address (optional) Paid Preparer's Use Only Preparer's name Preparer's signature Date Check if selfemployed PTIN Firm's name (or yours , if self-employed) and addr ess Firm's FEIN Telephone May the FTB discuss this return with the preparer shown above? See instructions Yes No For Privacy Notice, get FTB 1131 ENG-SP.

■ ■ ..... 00 __________________________________________ ____________________________________________ • 00 ........................ . • 2 00 ................................................ . • 3 00 ....................... • 4 00 ....................... . • 00 ..................................................... . • 00 ....................................................................... . • 6 00 .................................................................... . • 7 00 ..................... . • 8 00 ....................... . • 9 00 ................................................... . • 10 00 ................................................ . • 11 00 ................................. . • 12 00 ............. . • 13 00 ............................. . 14 00 ......................................... . • 15 00 ............................................ . • 16 00 ............ . • 17 00 ............................. . • 18 00 ................ . • 19 00 . 20 ..... . • 00 ............................ . • 22 00 ........................................ . 23 00 ...................... . 24 00 ............................... . 25 00 _________________________ ............................... . • 00 ...................... . • 27 00 ............................................. • 28 ... • 29 ____________________ ...... • ................................................................. • ............. • ........................................................ • ______________________________________________________________ .... • ................................................. • .... 1c 5a 5b 1 00 2 00 3a 00 3b 00 4 00 5 00 6 00 Side 4 Form 100W 2025 3624253 Schedule A Taxes Deducted. Use additional sheet(s) if necessary. (a) Nature of tax (b) T axing authority (c) T otal amount (d) Nondeductible amount Total. Enter total of column (c) on Schedule F, line 17, and total of column (d) on Side 1, line 2 or line 3. If the corporation uses California computation method to compute the net income, see instructions. Schedule F Computation of Net Income. See instructions. Income 1 a Gross receipts or gross sales b Less returns and allowance c) Balance 2 Cost of goods sold. Attach federal Form 1125-A (California Schedule V) 3 Gross profit. Subtract line 2 from line 1c 4 Total dividends. Attach federal Schedule C (California Schedule H (100W)) 5 a Interest on obligations of the United States and U.S. instrumentalities b Other interest. Attach schedule 6 Gross rents 7 Gross royalties 8 Capital gain net income. Attach federal Schedule D (California Schedule D) 9 Ordinary gain (loss). Attach federal Form 4797 (California Schedule D-1) 10 Other income (loss). Attach schedule 11 Total income. Add line 3 through line 10 Deductions 12 Compensation of officers. Attach federal Form 1125-E or equivalent schedule 13 Salaries and wages (not deducted elsewhere) 14 Repairs and maintenance 15 Bad debts 16 Rents 17 Taxes (California Schedule A). See instructions 18 Interest. Attach schedule 19 Charitable Contributions. Attach schedule 20 Depreciation. Attach federal Form 4562 and FTB 3885 21 Less depreciation claimed elsewhere on return 21a 21b 22 Depletion. Attach schedule 23 Advertising 24 Pension, profit-sharing plans, etc. 25 Employee benefit plans 26 a Total travel and entertainment b Deductible amounts 27 Other deductions. Attach schedule 28 Total deductions. Add line 12 through line 27 29 Net income before state adjustments. Subtract line 28 from line 11. Enter here and on Side 1, line 1 Schedule J Add-On Taxes and Recapture of Tax Credits. See instructions. 1 LIFO recapture due to S corporation election, IRC Sec. 1363(d) deferral: $ 2 Interest computed under the look-back method for completed long-term contracts (Attach form FTB 3834) 3 Interest on tax attributable to installment: a Sales of certain timeshares and residential lots b Method for nondealer installment obligations 4 IRC Section 197(f)(9)(B)(ii) election 5 Credit recapture name: 6 Combine line 1 through line 5, revise Side 2, line 37 or line 38, whichever applies, by this amount. Write "Schedule J" to the left of line 37 or line 38

■ @ @ @ I @ @ @ @ @ @ @ ~ I @ @ I @ @ @ I @ @ @ ~ @ @ I @ @ @ @ @ @ @ I @ @ @ ■ ■ ............................................................ 1 00 ........................................................................... .......................................................................... • ......................................... • ........................................................... • 2 00 3 00 4a 00 4b 00 ........................................................... .5 00 ................................................................. 6 00 ............. .7 00 ▶ _____________________________________________________________________________________________ ..................... □ □ ▶ _____________________________________________________________ ........................ □ _________________________________ .............. □ □ ................................... . ........ . .............. . .............................. . ...... . ....... . . . .............. . ........ . .. . ............. . ....................... . ............... . ............... . ......... . ............ . . ............. . . ............................ . . ......................... . ..... . ... . ........... . .............. .............. .. . .......... . .................. . ...... . 3625253 Form 100W 2025 Side 5 • • • • • •

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(a) (b) (c) (d)

# Schedule V Cost of Goods Sold

1 Inventory at beginning of year 2 Purchases 3 Cost of labor 4 a Additional IRC Section 263A costs. Attach schedule b Other costs. Attach schedule 5 Total. Add line 1 through line 4b 6 Inventory at end of year 7 Cost of goods sold. Subtract line 6 from line 5. Enter here and on Side 4, Schedule F, line 2 Method of inventory valuation Was there any change in determining quantities, costs of valuations between opening and closing inventory? Yes No If "Yes," attach an explanation. Enter California seller's permit number, if any Check if the LIFO inventory method was adopted this taxable year for any goods. If checked, attach federal Form 970 If the LIFO inventory method was used for this taxable year, enter the amount of closing inventory under LIFO Do the rules of IRC Section 263A (with respect to property produced or acquired for resale) apply to the corporation? Yes No The corporation may not be required to complete Schedules L, M-1, and M-2. See Schedule M-1 instructions for reporting requirements.

# Schedule L Balance Sheet

Beginning of taxable year End of taxable year (a) (b) (c) (d) Assets 1 Cash

2 a Trade notes and accounts receivable

b Less allowance for bad debts ( ) ( ) 3 Inventories 4 Federal and state government obligations 5 Other current assets. Attach schedule(s) 6 Loans to stockholders/officers. Attach schedule 7 Mortgage and real estate loans. 8 Other investments. Attach schedule(s). 9 a Buildings and other fixed depreciable assets b Less accumulated depreciation ( ) ( ) 10 a Depletable assets

b Less accumulated depletion ( ) ( ) 11 Land (net of any amortization)

12 a Intangible assets (amortizable only)

b Less accumulated amortization ( ) ( ) 13 Other assets. Attach schedule(s) 14 Total assets Liabilities and Stockholders' Equity 15 Accounts payable 16 Mortgages, notes, bonds payable in less than 1 year 17 Other current liabilities. Attach schedule(s) 18 Loans from stockholders. Attach schedule(s) 19 Mortgages, notes, bonds payable in 1 year or more 20 Other liabilities. Attach schedule(s) 21 Capital stock: a Preferred stock

b Common stock 22 Paid-in or capital surplus. Attach reconciliation

23 Retained earnings - Appropriated. Attach schedule 24 Retained earnings - Unappropriated 25 Adjustments to shareholders' equity. Attach schedule 26 Less cost of treasury stock ( ) ( ) 27 Total liabilities and stockholders' equity

J ■ ..................... • ........................ • ...... • _________________________________ _______________________________ • . . _________________________ ... . _________________________ . _________________________ ....... . _________________________ .......... • .............. . _____________ .............. _____________ . . . . . . . • .... . _________________ . _________________ .......... _________________ .... • . . . . . . . . . . ............. . ................ • ..................... • ____________________ ________________________________________ ________________________________________ ______________________________________ • ............... . .............. • .............. • ........... • ______________ ________________________________ • .............. . . . . . . . . . . . . . . . . . . . . . . . . 2 00 3 00 4 00 ................................... .......................................... . • ........................ ........... 6 00 7 00 8 00 9 00 10 00 11 00 ............................................................

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..................................................... Side 6 Form 100W 2025 3626253 ........................ Schedule M-1 Reconciliation of Income (Loss) per Books With Income (Loss) per Return. If the corporation completed federal Schedule M-3 (Form 1120/1120-F), see instructions. 1 Net income per books 2 Federal income tax 3 Excess of capital losses over capital gains 4 Taxable income not recorded on books this year (itemize) 5 Expenses recorded on books this year not deducted in this return (itemize) a Depreciation $ b State taxes $ c Travel and entertainment $ d Other $ e Total. Add line 5a through line 5d 6 T otal. Add line 1 through line 5e. 7 Income recorded on books this year not included in this return (itemize) a Tax-exempt interest $ b Other $ c Total. Add line 7a and line 7b. 8 Deductions in this return not charged

against book income this year (itemize) a Depreciation $ b State tax refunds $ c Other $ d Total. Add line 8a through line 8c 9 Total. Add line 7c and line 8d 10 Net income per return. Subtract line 9 from line 6 Schedule M-2 Analysis of Unappropriated Retained Earnings per Books (Side 5, Schedule L, line 24) 1 Balance at beginning of year 2 Net income per books 3 Other increases (itemize) 4 Total. Add line 1 through line 3 5 Distributions: a Cash b Stock c Property 6 Other decreases (itemize) 7 Total. Add line 5 and line 6 8 Balance at end of year. Subtract line 7 from line 4

# Schedule D California Capital Gains and Losses

Part I Short-Term Capital Gains and Losses - Assets Held One Year or Less. Use additional sheet(s) if necessary.

(a) Kind of property and description (Example, 100 shares of Z Co.) (b) Date acquired (mm/dd/yyyy) (c) Date sold (mm/dd/yyyy) (d) Gross sales price (e) Cost or other basis plus expense of sale (f) Gain (loss) (d) less (e)

2 Short-term capital gain from installment sales from form FTB 3805E, line 26 or line 37 3 Unused capital loss carryover from 2024 4 Net short-term capital gain (loss). Combine line 1 through line 3 Part II Long-Term Capital Gains and Losses - Assets Held More Than One Year. Use additional sheet(s) if necessary. (a) Kind of property and description (Example, 100 shares of Z Co.) (b) Date acquired (mm/dd/yyyy) (c) Date sold (mm/dd/yyyy) (d) Gross sales price (e) Cost or other basis plus expense of sale (f) Gain (loss) (d) less (e)

6 Enter gain from Schedule D-1, line 9 and/or any capital gain distributions. 7 Long-term capital gain from installment sales from form FTB 3805E, line 26 or line 37 8 Net long-term capital gain (loss). Combine line 5 through line 7 9 Enter excess of net short-term capital gain (line 4) over net long-term capital loss (line 8) 10 Net capital gain. Enter excess of net long-term capital gain (line 8) over net short-term capital loss (line 4) 11 Total lines 9 and 10. Enter here and on Form 100W, Side 1, line 5. If losses exceed gains, carry forward losses to 2026