<HTML>
<HEAD>
   <TITLE>focusuniv10q093014.htm - Generated by SEC Publisher for SEC Filing</TITLE>
</HEAD>

<BODY bgcolor="#ffffff">
<a name="page_1"></a><a name="_bclPageBorder1"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader1"></a><DIV>





<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>





</DIV>
<p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=EN-GB style="font-size:12.0pt;">UNITED STATES </font></b></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=EN-GB style="font-size:12.0pt;">SECURITIES
AND EXCHANGE COMMISSION</font></b></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=EN-GB style="font-size:12.0pt;">WASHINGTON, D.C. 20549</font></b></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-GB style="font-size:12.0pt;">&nbsp;</font></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=EN-GB style="font-size:12.0pt;">FORM&nbsp;10-Q</font></b></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=top width=8% style="padding:0cm 0cm 0cm 0cm;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font face=Wingdings lang=EN-GB style="font-size:10.0pt;">x</font></b></p>
  </td>
 <td valign=top width=92% style="padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;">QUARTERLY REPORT PURSUANT TO SECTION&nbsp;13 OR
  15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 </font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=8% style="padding:0cm 0cm 0cm 0cm;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=92% style="padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td colspan=2 valign=top width=100% style="padding:0cm 0cm 0cm 0cm;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;">For the quarterly period ended September 30, 2014</font></p>
  </td>
 </tr>
<tr>
  <td colspan=2 valign=top width=100% style="padding:0cm 0cm 0cm 0cm;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-GB style="font-size:12.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td colspan=2 valign=top width=100% style="padding:0cm 0cm 0cm 0cm;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;">or</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=8% style="padding:0cm 0cm 0cm 0cm;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=92% style="padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:12.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=8% style="padding:0cm 0cm 0cm 0cm;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font face=Wingdings lang=EN-GB style="font-size:10.0pt;">o</font></b></p>
  </td>
 <td valign=top width=92% style="padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;">TRANSITION REPORT PURSUANT TO SECTION&nbsp;13 OR
  15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 </font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;">&nbsp;</font></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;">For the transition period from
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
to
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;">&nbsp;</font></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;">Commission File Number: </font><font face="Times New Roman" lang=EN-GB style="font-size:11.0pt;">333-193087</font></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;">&nbsp;</font></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=EN-GB style="font-size:14.0pt;">Focus Universal Inc.</font></b></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;">(Exact Name of Registrant as Specified in its Charter)</font></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;">&nbsp;</font></p>

<div align=center>

<table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=top width=49% style="padding:0cm 0cm 0cm 0cm;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;">Nevada</font></b></p>
  </td>
 <td valign=bottom width=2% style="padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-GB style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=49% style="padding:0cm 0cm 0cm 0cm;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;">46-3355876</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=49% style="padding:0cm 0cm 0cm 0cm;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;">(State or Other Jurisdiction of<br>
  Incorporation or Organization)</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=49% style="padding:0cm 0cm 0cm 0cm;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;">(I.R.S. Employer<br>
  Identification No.)</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=49% style="padding:0cm 0cm 0cm 0cm;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=49% style="padding:0cm 0cm 0cm 0cm;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=49% style="padding:0cm 0cm 0cm 0cm;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:11.0pt;">&nbsp;</font><b><font face="Times New Roman" style="font-size:10.0pt;">8275
  S. Eastern Ave., Ste.200-674</font></b></p>
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" style="font-size:10.0pt;">Las Vegas, Nevada</font></b></p>
  </td>
 <td valign=bottom width=2% style="padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman" lang=EN-GB style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=49% style="padding:0cm 0cm 0cm 0cm;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;">&nbsp;</font></b></p>
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;">89123</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=49% style="padding:0cm 0cm 0cm 0cm;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;">(Address of Principal Executive Offices)</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=49% style="padding:0cm 0cm 0cm 0cm;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;">(Zip Code)</font></p>
  </td>
 </tr>
</table>

</div>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;">&nbsp;</font></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;">Registrant&#8217;s telephone number including area code: </font><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">(702) 724-2646</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;">Indicate by check mark whether the registrant
(1)&nbsp;has filed all reports required to be filed by Section&nbsp;13 or
15(d)&nbsp;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)&nbsp;has been subject to such filing requirements for
the past 90 days. &nbsp;Yes [X]&#160; No [&#160; ]</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;">Indicate by check mark whether the registrant has
submitted electronically and posted on its corporate Web site, if any, every
Interactive Data File required to be submitted and posted pursuant to
Rule&nbsp;405 of Regulation S-T during the preceding 12 months (or such shorter
period that the registrant was required to submit and post such files.
&nbsp;Yes [X]&#160; No [&#160; ]</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;">Indicate by check mark whether the registrant is a
large accelerated filer, an accelerated filer, a non-accelerated filer, or a
smaller reporting company. See the definitions of &#8220;large accelerated filer,&#8221;
&#8220;accelerated filer&#8221; and &#8220;smaller reporting company&#8221; in Rule&nbsp;12b-2 of the
Exchange Act.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;">&nbsp;</font></p>

<div align=center>

<table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=top width=49% style="padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;">Large
  accelerated filer [&#160;&#160; ]</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=49% style="padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;">Accelerated
  filer [&#160;&#160; ]</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=49% style="padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;">Non-accelerated
  filer [&#160;&#160; ]</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=49% style="padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;">Smaller
  reporting company [X]</font></p>
  </td>
 </tr>
</table>

</div>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;">Indicate by check mark whether the registrant is a
shell company (as defined in Rule&nbsp;12b-2 of the Exchange Act).&nbsp; </font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;">Yes [&#160;&#160; ]&#160; No [X]</font></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;">Applicable Only to Corporate Issuers:</font></b></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-GB style="font-size:12.0pt;">&nbsp;</font></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;">Indicate the number of shares outstanding of each of
the issuer&#8217;s classes of common stock, as of the latest practicable date:</font></p>

<div align=center>

<table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr style="height:22.2pt;">
  <td valign=bottom width=49% style="border-bottom:solid windowtext 1.0pt;height:22.2pt;padding:0cm 0cm 0cm 0cm;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;">&nbsp;</font><b><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;">Class</font></b></p>
  </td>
 <td valign=bottom width=2% style="height:22.2pt;padding:0cm 0cm 0cm 0cm;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=49% style="border-bottom:solid windowtext 1.0pt;height:22.2pt;padding:0cm 0cm 0cm 0cm;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;">Outstanding&nbsp;as&nbsp;of&nbsp;November
  10,&nbsp;2014</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=49% style="padding:0cm 0cm 0cm 0cm;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;">Common Stock, $0.001 par value</font></p>
  </td>
 <td valign=bottom width=2% style="padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=49% style="padding:0cm 0cm 0cm 0cm;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;">6,580,000</font></p>
  </td>
 </tr>
</table>

</div>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-GB style="font-size:10.0pt;">&nbsp;</font></p>

</div><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div>

<A name="page_2"></A>
<a name="_bclPageBorder2"></a><DIV style="PADDING-LEFT: 0%; WIDTH: 100%; PADDING-RIGHT: 0%">
<a name="_bclHeader2"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 12pt" lang=EN-GB face="Times New Roman">FOCUS UNIVERSAL INC.</FONT></B></P>
</DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman">TABLE OF CONTENTS</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman"></FONT>&nbsp;</P>
<DIV align=center>
<TABLE style="WIDTH: 1000pt; BORDER-COLLAPSE: collapse" border=0 cellSpacing=0 cellPadding=0>
<TR>
     <TD vAlign=bottom width="94%">
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="6%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman">Page</FONT></B></P>
</TD></TR>
<TR>
     <TD vAlign=top width="94%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman">PART&nbsp;I - FINANCIAL INFORMATION</FONT></B></P>
</TD>
     <TD vAlign=bottom width="6%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD vAlign=top width="94%">
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="6%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #f2f2f2" vAlign=top width="94%">
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman">Item 1. Financial Statements.</FONT></P>
</TD>
     <TD style="BACKGROUND: #f2f2f2" vAlign=bottom width="6%" align=center>
<P style="MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman">F-1</FONT></P>
</TD></TR>
<TR>
     <TD vAlign=top width="94%">
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman">Item 2. Management&#146;s Discussion and Analysis of Financial Condition&nbsp;and Results of Operations.</FONT></P>
</TD>
     <TD vAlign=bottom width="6%" align=center>
<P style="MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman">16</FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #f2f2f2" vAlign=top width="94%">
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman">Item 3. Quantitative and Qualitative Disclosures About Market Risk.</FONT></P>
</TD>
     <TD style="BACKGROUND: #f2f2f2" vAlign=bottom width="6%" align=center>
<P style="MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman">21</FONT></P>
</TD></TR>
<TR>
     <TD vAlign=top width="94%">
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman">Item 4. Controls and Procedures.</FONT></P>
</TD>
     <TD vAlign=bottom width="6%" align=center>
<P style="MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman">21</FONT></P>
</TD></TR>
<TR>
     <TD vAlign=top width="94%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman">PART&nbsp;II - OTHER INFORMATION</FONT></B></P>
</TD>
     <TD vAlign=bottom width="6%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD vAlign=top width="94%">
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="6%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #f2f2f2" vAlign=top width="94%">
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman">Item 1. Legal Proceedings.</FONT></P>
</TD>
     <TD style="BACKGROUND: #f2f2f2" vAlign=bottom width="6%" align=center>
<P style="MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman">21</FONT></P>
</TD></TR>
<TR>
     <TD vAlign=top width="94%">
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman">Item 1A. Risk Factors.</FONT></P>
</TD>
     <TD vAlign=bottom width="6%" align=center>
<P style="MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman">21</FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #f2f2f2" vAlign=top width="94%">
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman">Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.</FONT></P>
</TD>
     <TD style="BACKGROUND: #f2f2f2" vAlign=bottom width="6%" align=center>
<P style="MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman">21</FONT></P>
</TD></TR>
<TR>
     <TD vAlign=top width="94%">
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman">Item 3. Defaults Upon Senior Securities.</FONT></P>
</TD>
     <TD vAlign=bottom width="6%" align=center>
<P style="MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman">21</FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #f2f2f2" vAlign=top width="94%">
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman">Item 4. Mine Safety Disclosures.</FONT></P>
</TD>
     <TD style="BACKGROUND: #f2f2f2" vAlign=bottom width="6%" align=center>
<P style="MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman">21</FONT></P>
</TD></TR>
<TR>
     <TD vAlign=top width="94%">
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman">Item 5. Other Information.</FONT></P>
</TD>
     <TD vAlign=bottom width="6%" align=center>
<P style="MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman">22</FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #f2f2f2" vAlign=top width="94%">
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman">Item 6. Exhibits.</FONT></P>
</TD>
     <TD style="BACKGROUND: #f2f2f2" vAlign=bottom width="6%" align=center>
<P style="MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman">22</FONT></P>
</TD></TR>
<TR>
     <TD vAlign=top width="94%">
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman">SIGNATURES</FONT></B></P>
</TD>
     <TD vAlign=bottom width="6%" align=center>
<P style="MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman">23</FONT></P>
</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman">2</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT size=2></FONT>&nbsp;</P>
</DIV>
<HR align=center SIZE=2 width="100%" noShade>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<A name="page_3"></A>
<a name="_bclPageBorder3"></a><DIV style="PADDING-LEFT: 0%; WIDTH: 100%; PADDING-RIGHT: 0%">
<a name="_bclHeader3"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="mso-fareast-font-family: Calibri"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"></FONT></FONT>&nbsp;</P>
</DIV>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-GB face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 12pt" lang=EN-GB face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman">PART 1 &#150; FINANCIAL INFORMATION</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 12pt" lang=EN-GB face="Times New Roman"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 11pt" lang=EN-GB face="Times New Roman"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman">ITEM 1.&nbsp; FINANCIAL STATEMENTS</FONT></B></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 11pt" lang=EN-GB face="Times New Roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 11pt" lang=EN-GB face="Times New Roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 11pt" lang=EN-GB face="Times New Roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 11pt" lang=EN-GB face="Times New Roman">FOCUS UNIVERSAL INC.</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 11pt" lang=EN-GB face="Times New Roman">(A DEVELOPMENT STAGE COMPANY)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 11pt" lang=EN-GB face="Times New Roman">CONDENSED FINANCIAL STATEMENTS</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 11pt" lang=EN-CA face="Times New Roman">FOR THE THREE AND SIX MONTHS ENDED SEPTEMBER 30, 2014 AND 2013,</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 11pt" lang=EN-CA face="Times New Roman">AND FOR THE PERIOD FROM INCEPTION (DECEMBER 4, 2012) TO SEPTEMBER 30, 2014</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 11pt" lang=EN-CA face="Times New Roman">(Unaudited)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman">Index to the Financial Statements</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 12pt" lang=EN-GB face="Times New Roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 12pt" lang=EN-GB face="Times New Roman"></FONT></B>&nbsp;</P>
<DIV align=center>
<TABLE style="WIDTH: 1000pt; BORDER-COLLAPSE: collapse" border=0 cellSpacing=0 cellPadding=0>
<TR>
     <TD vAlign=top width="90%">
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><U><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman">Contents</FONT></U></B></P>
</TD>
     <TD vAlign=top width="10%" align=center>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt"><B><U><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman">Page</FONT></U></B></P>
</TD></TR>
<TR>
     <TD vAlign=top width="90%">
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=top width="10%">
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #f2f2f2" vAlign=top width="90%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman">Condensed Balance Sheets at September 30, 2014 and&nbsp; March 31,2014</FONT></P>
</TD>
     <TD style="BACKGROUND: #f2f2f2" vAlign=top width="10%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman">F-1</FONT></P>
</TD></TR>
<TR>
     <TD vAlign=top width="90%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=top width="10%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #f2f2f2" vAlign=top width="90%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman">Condensed Statements of Operations for the Three and&nbsp; Six Months Ended September &nbsp;30, 2014 and 2013 and for the Period&nbsp; from December 4, 2012 (Inception) through&nbsp; September 30, 2014</FONT></P>
</TD>
     <TD style="BACKGROUND: #f2f2f2" vAlign=bottom width="10%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman">F-2</FONT></P>
</TD></TR>
<TR>
     <TD vAlign=top width="90%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=top width="10%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #f2f2f2" vAlign=top width="90%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman">Condensed Statement of Changes Stockholders&#146;&nbsp; Deficit for the Period from December 4, 2012 (Inception) through September 30, 2014</FONT></P>
</TD>
     <TD style="BACKGROUND: #f2f2f2" vAlign=top width="10%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman">F-3</FONT></P>
</TD></TR>
<TR>
     <TD vAlign=top width="90%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=top width="10%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #f2f2f2" vAlign=top width="90%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman">Condensed Statements of Cash Flows for the Six Months Ended September 30, 2014 and 2013 and the Period&nbsp; from December 4, 2012 (Inception) through&nbsp; September 30, 2014</FONT></P>
</TD>
     <TD style="BACKGROUND: #f2f2f2" vAlign=bottom width="10%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman">F-4</FONT></P>
</TD></TR>
<TR>
     <TD vAlign=top width="90%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="10%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #f2f2f2" vAlign=top width="90%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman">Notes to the Condensed Financial Statements</FONT></P>
</TD>
     <TD style="BACKGROUND: #f2f2f2" vAlign=bottom width="10%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman">F-5</FONT></P>
</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 14pt 0cm 10pt" align=center><B><FONT style="FONT-SIZE: 11pt" lang=EN-CA face="Times New Roman"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">3 </FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>
</P>
</DIV>
<HR align=center SIZE=2 width="100%" noShade>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<A name="page_4"></A>
<a name="_bclPageBorder4"></a><DIV style="PADDING-LEFT: 0%; WIDTH: 100%; PADDING-RIGHT: 0%">
<a name="_bclHeader4"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="mso-fareast-font-family: Calibri"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"></FONT></FONT>&nbsp;</P>
</DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>

</P>
<DIV align=center>
<TABLE style="WIDTH: 800pt; BORDER-COLLAPSE: collapse" border=0 cellSpacing=0 cellPadding=0>
<TR style="HEIGHT: 44.55pt">
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; BACKGROUND: #f2f2f2; HEIGHT: 44.55pt; BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid" vAlign=top width="97%" colSpan=5>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 12pt" face=Calibri></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 12pt" face=Calibri>FOCUS UNIVERSAL INC.</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 12pt" face=Calibri>(A DEVELOPMENT STAGE COMPANY)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 12pt" face=Calibri>CONDENSED BALANCE SHEETS</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 12pt" face=Calibri></FONT></B>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 28.5pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid; HEIGHT: 28.5pt" vAlign=bottom width="4%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 28.5pt" vAlign=bottom width="63%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 28.5pt" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" face=Calibri>September 30,</FONT></B></P>
</TD>
     <TD style="HEIGHT: 28.5pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" face=Calibri>March 31,</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 7.15pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid; HEIGHT: 7.15pt" vAlign=bottom width="4%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 7.15pt" vAlign=bottom width="63%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 7.15pt" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" face=Calibri>2014</FONT></B></P>
</TD>
     <TD style="HEIGHT: 7.15pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" face=Calibri>2014</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 7.15pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid; HEIGHT: 7.15pt" vAlign=bottom width="4%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 7.15pt" vAlign=bottom width="63%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 7.15pt" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" face=Calibri>(Unaudited)</FONT></B></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 7.15pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" face=Calibri>(Audited)</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid; HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="97%" colSpan=5 noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><U><FONT style="FONT-SIZE: 9pt" face=Calibri>ASSETS</FONT></U></B></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid" vAlign=bottom width="67%" colSpan=3 noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri>Current Assets:</FONT></P>
</TD>
     <TD vAlign=bottom width="15%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="15%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid; BACKGROUND-COLOR: #f2f2f2" vAlign=bottom width="4%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2" vAlign=bottom width="63%" colSpan=2 noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri>Cash</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;185</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,408 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid; HEIGHT: 15pt" vAlign=bottom width="4%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 15pt" vAlign=bottom width="63%" colSpan=2 noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri>Prepaid expenses</FONT></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15pt" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>9,346</FONT></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>308</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid; BACKGROUND-COLOR: #f2f2f2" vAlign=bottom width="4%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2" vAlign=bottom width="11%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2" vAlign=bottom width="52%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp; Total current assets</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9,531 </FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7,716 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid; HEIGHT: 15pt" vAlign=bottom width="4%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 15pt" vAlign=bottom width="11%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 15pt" vAlign=bottom width="52%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 15pt" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 15.75pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid; BACKGROUND-COLOR: #f2f2f2; HEIGHT: 15.75pt" vAlign=bottom width="67%" colSpan=3 noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri>Total Assets</FONT></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 2.25pt double; BACKGROUND-COLOR: #f2f2f2; HEIGHT: 15.75pt; BORDER-TOP: windowtext 1pt solid" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9,531</FONT></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 2.25pt double; BACKGROUND-COLOR: #f2f2f2; HEIGHT: 15.75pt; BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7,716</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15.75pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid; HEIGHT: 15.75pt" vAlign=bottom width="4%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 15.75pt" vAlign=bottom width="63%" colSpan=2 noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 15.75pt" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 15.75pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="15%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid; BACKGROUND-COLOR: #f2f2f2; HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="97%" colSpan=5 noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><U><FONT style="FONT-SIZE: 9pt" face=Calibri>LIABILITIES AND STOCKHOLDERS&#146; DEFICIT</FONT></U></B></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid" vAlign=bottom width="67%" colSpan=3 noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri>Current Liabilities:</FONT></P>
</TD>
     <TD vAlign=bottom width="15%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="15%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid; BACKGROUND-COLOR: #f2f2f2" vAlign=bottom width="4%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2" vAlign=bottom width="63%" colSpan=2 noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri>Accounts payable and accrued liabilities</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20,816 </FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17,170 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid; HEIGHT: 15pt" vAlign=bottom width="4%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 15pt" vAlign=bottom width="63%" colSpan=2 noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri>Accounts payable - related parties</FONT></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15pt" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12,400 </FONT></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6,400 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid; BACKGROUND-COLOR: #f2f2f2; HEIGHT: 15pt" vAlign=bottom width="4%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2; HEIGHT: 15pt" vAlign=bottom width="11%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2; HEIGHT: 15pt" vAlign=bottom width="52%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp; Total current liabilities</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2; HEIGHT: 15pt" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33,216 </FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2; HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23,570 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid; HEIGHT: 15pt" vAlign=bottom width="4%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 15pt" vAlign=bottom width="11%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 15pt" vAlign=bottom width="52%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 15pt" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid; BACKGROUND-COLOR: #f2f2f2; HEIGHT: 15pt" vAlign=bottom width="67%" colSpan=3 noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri>Total Liabilities</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2; HEIGHT: 15pt; BORDER-TOP: windowtext 1pt solid" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33,216 </FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2; HEIGHT: 15pt; BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23,570 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 5.1pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid; HEIGHT: 5.1pt" vAlign=bottom width="4%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 5.1pt" vAlign=bottom width="63%" colSpan=2 noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 5.1pt" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 5.1pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid; BACKGROUND-COLOR: #f2f2f2; HEIGHT: 15pt" vAlign=bottom width="67%" colSpan=3 noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 9pt" face=Calibri>Commitments and Contingencies</FONT></B></P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2; HEIGHT: 15pt" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2; HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 5.1pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid; HEIGHT: 5.1pt" vAlign=bottom width="4%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 5.1pt" vAlign=bottom width="63%" colSpan=2 noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 5.1pt" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 5.1pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid; BACKGROUND-COLOR: #f2f2f2; HEIGHT: 15pt" vAlign=bottom width="67%" colSpan=3 noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri>Stockholders' Deficit:</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2; HEIGHT: 15pt" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2; HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 34.6pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid" vAlign=bottom width="4%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="63%" colSpan=2 noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri>Common stock, par value $0.001 per share, 75,000,000 shares authorized; 6,580,000, and 4,000,000 shares </FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri>issued and outstanding as of September 30, 2014 and March 31, 2014, respectively</FONT></P>
</TD>
     <TD vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6,580 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4,000 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid; BACKGROUND-COLOR: #f2f2f2; HEIGHT: 15pt" vAlign=bottom width="4%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2; HEIGHT: 15pt" vAlign=bottom width="63%" colSpan=2 noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri>Common stock subscription</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2; HEIGHT: 15pt" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>-</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2; HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>3,000</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid; HEIGHT: 15pt" vAlign=bottom width="4%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 15pt" vAlign=bottom width="63%" colSpan=2 noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri>Additional paid-in capital</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>29,670</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>-</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid; BACKGROUND-COLOR: #f2f2f2; HEIGHT: 15pt" vAlign=bottom width="4%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2; HEIGHT: 15pt" vAlign=bottom width="63%" colSpan=2 noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri>Deficit accumulated during the development stage</FONT></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: #f2f2f2; HEIGHT: 15pt" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;(59,935)</FONT></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: #f2f2f2; HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;(22,854)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid; HEIGHT: 15pt" vAlign=bottom width="4%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 15pt" vAlign=bottom width="11%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 15pt" vAlign=bottom width="52%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp; Total stockholders' deficit</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;(23,685)</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;(15,854)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid; BACKGROUND-COLOR: #f2f2f2; HEIGHT: 15pt" vAlign=bottom width="4%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2; HEIGHT: 15pt" vAlign=bottom width="11%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2; HEIGHT: 15pt" vAlign=bottom width="52%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2; HEIGHT: 15pt" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2; HEIGHT: 15pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 15.75pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid; HEIGHT: 15.75pt" vAlign=bottom width="67%" colSpan=3 noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri>Total Liabilities and Stockholder&#146;s&nbsp; Deficit</FONT></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 2pt double; HEIGHT: 15.75pt; BORDER-TOP: windowtext 1pt solid" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp; $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9,531 </FONT></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 2pt double; HEIGHT: 15.75pt; BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7,716 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 15.75pt">
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; HEIGHT: 15.75pt" vAlign=bottom width="67%" colSpan=3 noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="15%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><I><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><I><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><I><FONT style="FONT-SIZE: 9pt" lang=EN-US face=Calibri>See Accompanying Notes to Condensed Unaudited Financial Statements</FONT></I></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><I><FONT style="FONT-SIZE: 9pt" lang=EN-US face=Calibri></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" lang=EN-US face=Calibri>F-1</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P>
<DIV align=center></DIV></DIV>
<HR align=center SIZE=2 width="100%" noShade>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<A name="page_5"></A>
<a name="_bclPageBorder5"></a><DIV style="PADDING-LEFT: 0%; WIDTH: 100%; PADDING-RIGHT: 0%">
<a name="_bclHeader5"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="mso-fareast-font-family: Calibri"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"></FONT></FONT>&nbsp;</P>
</DIV>
<DIV align=center>
<TABLE style="WIDTH: 1000pt" border=0 cellSpacing=0 cellPadding=0>
<TR style="HEIGHT: 66.25pt">
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; BACKGROUND: #f2f2f2; HEIGHT: 66.25pt; BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid" vAlign=top width="97%" colSpan=8>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 12pt" face=Calibri></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 12pt" face=Calibri>FOCUS UNIVERSAL INC. </FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 12pt" face=Calibri>CONDENSED STATEMENTS OF OPERATIONS</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 12pt" face=Calibri>(A DEVELOPMENT STAGE COMPANY)</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 70.75pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid; HEIGHT: 70.75pt" vAlign=bottom width="32%" colSpan=3 noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 70.75pt" vAlign=bottom width="13%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" face=Calibri>Three Months</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" face=Calibri>Ended</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" face=Calibri>September 30,</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" face=Calibri>2014</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" face=Calibri>(Unaudited)</FONT></B></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 70.75pt" vAlign=bottom width="13%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" face=Calibri>Three Months</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" face=Calibri>Ended </FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" face=Calibri>September 30,</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" face=Calibri>2013</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" face=Calibri>(Unaudited)</FONT></B></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 70.75pt" vAlign=bottom width="13%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" face=Calibri>Six Months</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" face=Calibri>Ended</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" face=Calibri>September 30,</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" face=Calibri>2014</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" face=Calibri>(Unaudited)</FONT></B></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 70.75pt" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" face=Calibri>Six Months</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" face=Calibri>Ended </FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" face=Calibri>September 30,</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" face=Calibri>2013</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" face=Calibri>(Unaudited)</FONT></B></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 70.75pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" face=Calibri>Cumulative</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" face=Calibri>From Inception</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" face=Calibri>(December 4, 2012)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" face=Calibri>Through September 30,</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" face=Calibri>2014</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" face=Calibri>(Unaudited)</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 15.75pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid; BACKGROUND-COLOR: #f2f2f2" vAlign=bottom width="32%" colSpan=3 noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 9pt" face=Calibri>Revenue </FONT></B></P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2" vAlign=bottom width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13,450 </FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2" vAlign=bottom width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7,500 </FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2" vAlign=bottom width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20,150 </FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7,500 </FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36,050 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 14.55pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid; HEIGHT: 14.55pt" vAlign=bottom width="32%" colSpan=3 noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 9pt" face=Calibri>Cost of revenue </FONT></B></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.55pt" vAlign=bottom width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4,000 </FONT></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.55pt" vAlign=bottom width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5,000</FONT></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.55pt" vAlign=bottom width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9,000</FONT></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.55pt" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5,000</FONT></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.55pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14,000 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 14.95pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid; BACKGROUND-COLOR: #f2f2f2; HEIGHT: 14.95pt" vAlign=bottom width="32%" colSpan=3 noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 9pt" face=Calibri>Gross profit</FONT></B></P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2; HEIGHT: 14.95pt" vAlign=bottom width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9,450 </FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2; HEIGHT: 14.95pt" vAlign=bottom width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2,500 </FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2; HEIGHT: 14.95pt" vAlign=bottom width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11,150 </FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2; HEIGHT: 14.95pt" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2,500 </FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2; HEIGHT: 14.95pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22,050 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 15.75pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid; HEIGHT: 15.75pt" vAlign=bottom width="32%" colSpan=3 noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 15.75pt" vAlign=top width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 15.75pt" vAlign=bottom width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 15.75pt" vAlign=top width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 15.75pt" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 15.75pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 15.75pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid; BACKGROUND-COLOR: #f2f2f2; HEIGHT: 15.75pt" vAlign=bottom width="32%" colSpan=3 noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 9pt" face=Calibri>Operating Expenses:</FONT></B></P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2; HEIGHT: 15.75pt" vAlign=top width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2; HEIGHT: 15.75pt" vAlign=bottom width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2; HEIGHT: 15.75pt" vAlign=top width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2; HEIGHT: 15.75pt" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2; HEIGHT: 15.75pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 15.75pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid" vAlign=bottom width="3%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT></B>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="29%" colSpan=2 noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri>Compensation - officers</FONT></P>
</TD>
     <TD vAlign=bottom width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3,000 </FONT></P>
</TD>
     <TD vAlign=bottom width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400 </FONT></P>
</TD>
     <TD vAlign=bottom width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6,000 </FONT></P>
</TD>
     <TD vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12,400 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 15.75pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid; BACKGROUND-COLOR: #f2f2f2" vAlign=bottom width="3%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2" vAlign=bottom width="29%" colSpan=2 noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri>General and administrative</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2" vAlign=bottom width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9,994 </FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2" vAlign=bottom width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 696 </FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2" vAlign=bottom width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26,731 </FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 696 </FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40,535 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 15.75pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid; HEIGHT: 15.75pt" vAlign=bottom width="3%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 15.75pt" vAlign=bottom width="29%" colSpan=2 noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri>Professional fees</FONT></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" vAlign=bottom width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12,000</FONT></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" vAlign=bottom width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3,000</FONT></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" vAlign=bottom width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15,500</FONT></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3,000</FONT></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29,050 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 15.75pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid; BACKGROUND-COLOR: #f2f2f2; HEIGHT: 15.75pt" vAlign=bottom width="3%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2; HEIGHT: 15.75pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2; HEIGHT: 15.75pt" vAlign=bottom width="26%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri>Total operating expenses</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2; HEIGHT: 15.75pt" vAlign=bottom width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24,994 </FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2; HEIGHT: 15.75pt" vAlign=bottom width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4,096 </FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2; HEIGHT: 15.75pt" vAlign=bottom width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 48,231 </FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2; HEIGHT: 15.75pt" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4,096 </FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2; HEIGHT: 15.75pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 81,985 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 15.75pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid; HEIGHT: 15.75pt" vAlign=bottom width="32%" colSpan=3 noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" vAlign=bottom width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" vAlign=bottom width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" vAlign=bottom width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 15.75pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid; BACKGROUND-COLOR: #f2f2f2; HEIGHT: 15.75pt" vAlign=bottom width="32%" colSpan=3 noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 9pt" face=Calibri>Income (Loss) from Operations</FONT></B></P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2; HEIGHT: 15.75pt" vAlign=bottom width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(15,544)</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2; HEIGHT: 15.75pt" vAlign=bottom width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1,596)</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2; HEIGHT: 15.75pt" vAlign=bottom width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;(37,081)</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2; HEIGHT: 15.75pt" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1,596)</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2; HEIGHT: 15.75pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;(59,935)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15.75pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid; HEIGHT: 15.75pt" vAlign=bottom width="32%" colSpan=3 noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 15.75pt" vAlign=top width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 15.75pt" vAlign=bottom width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 15.75pt" vAlign=top width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 15.75pt" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 15.75pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 15.75pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid; BACKGROUND-COLOR: #f2f2f2; HEIGHT: 15.75pt" vAlign=bottom width="32%" colSpan=3 noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 9pt" face=Calibri>Income tax provision</FONT></B></P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2; HEIGHT: 15.75pt" vAlign=bottom width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - </FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2; HEIGHT: 15.75pt" vAlign=bottom width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - </FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2; HEIGHT: 15.75pt" vAlign=bottom width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - </FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2; HEIGHT: 15.75pt" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - </FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2; HEIGHT: 15.75pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - </FONT></P>
</TD></TR>
<TR style="HEIGHT: 15.75pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid; HEIGHT: 15.75pt" vAlign=bottom width="32%" colSpan=3 noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 15.75pt" vAlign=bottom width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 15.75pt" vAlign=bottom width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 15.75pt" vAlign=bottom width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 15.75pt" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 15.75pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 16.5pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid; BACKGROUND-COLOR: #f2f2f2; HEIGHT: 16.5pt" vAlign=bottom width="32%" colSpan=3 noWrap>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT style="FONT-SIZE: 9pt" face=Calibri>Net Loss</FONT></B></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 2.25pt double; BACKGROUND-COLOR: #f2f2f2; HEIGHT: 16.5pt; BORDER-TOP: windowtext 1pt solid" vAlign=bottom width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(15,544)</FONT></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 2.25pt double; BACKGROUND-COLOR: #f2f2f2; HEIGHT: 16.5pt; BORDER-TOP: windowtext 1pt solid" vAlign=bottom width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1,596)</FONT></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 2.25pt double; BACKGROUND-COLOR: #f2f2f2; HEIGHT: 16.5pt; BORDER-TOP: windowtext 1pt solid" vAlign=bottom width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (37,081)</FONT></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 2.25pt double; BACKGROUND-COLOR: #f2f2f2; HEIGHT: 16.5pt; BORDER-TOP: windowtext 1pt solid" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1,596)</FONT></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 2.25pt double; BACKGROUND-COLOR: #f2f2f2; HEIGHT: 16.5pt; BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (59,935)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15.75pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid; HEIGHT: 15.75pt" vAlign=bottom width="32%" colSpan=3 noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 9pt" face=Calibri>Net Loss Per Common Share:</FONT></B></P>
</TD>
     <TD style="HEIGHT: 15.75pt" vAlign=top width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 15.75pt" vAlign=top width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 15.75pt" vAlign=top width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 15.75pt" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 15.75pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="13%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 16.5pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid; BACKGROUND-COLOR: #f2f2f2; HEIGHT: 16.5pt" vAlign=bottom width="3%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2; HEIGHT: 16.5pt" vAlign=bottom width="29%" colSpan=2 noWrap>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><FONT style="FONT-SIZE: 9pt" face=Calibri>Net loss per common share - Basic and Diluted</FONT></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 2pt double; BACKGROUND-COLOR: #f2f2f2; HEIGHT: 16.5pt" vAlign=bottom width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (0.00)*</FONT></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 2pt double; BACKGROUND-COLOR: #f2f2f2; HEIGHT: 16.5pt" vAlign=bottom width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (0.04)</FONT></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 2pt double; BACKGROUND-COLOR: #f2f2f2; HEIGHT: 16.5pt" vAlign=bottom width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (0.00)*</FONT></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 2pt double; BACKGROUND-COLOR: #f2f2f2; HEIGHT: 16.5pt" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (0.07)</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2; HEIGHT: 16.5pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="13%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 15.75pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid; HEIGHT: 15.75pt" vAlign=bottom width="32%" colSpan=3 noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 9pt" face=Calibri>Weighted Average Number of Common Shares</FONT></B></P>
</TD>
     <TD style="HEIGHT: 15.75pt" vAlign=top width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 15.75pt" vAlign=top width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 15.75pt" vAlign=top width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 15.75pt" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 15.75pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="13%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 16.5pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid; BACKGROUND-COLOR: #f2f2f2; HEIGHT: 16.5pt" vAlign=bottom width="3%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2; HEIGHT: 16.5pt" vAlign=bottom width="29%" colSpan=2 noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 9pt" face=Calibri>Outstanding - Basic and Diluted</FONT></B></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 2pt double; BACKGROUND-COLOR: #f2f2f2; HEIGHT: 16.5pt" vAlign=bottom width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6,580,000 </FONT></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 2pt double; BACKGROUND-COLOR: #f2f2f2; HEIGHT: 16.5pt" vAlign=bottom width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;43,478</FONT></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 2pt double; BACKGROUND-COLOR: #f2f2f2; HEIGHT: 16.5pt" vAlign=bottom width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>6,451,585</FONT></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 2pt double; BACKGROUND-COLOR: #f2f2f2; HEIGHT: 16.5pt" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;21,858</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2; HEIGHT: 16.5pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="13%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 16.5pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid; HEIGHT: 16.5pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=top width="97%" colSpan=8>
<P style="TEXT-INDENT: -18pt; MARGIN: 0cm 0cm 0pt 20.25pt"><FONT style="FONT-SIZE: 9pt" face=Calibri>-</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman"> </FONT><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;* denotes a loss of less than $(0.01) per share</FONT></P>
</TD></TR>
<TR height=20>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" vAlign=top width="97%" colSpan=8>
<P style="TEXT-INDENT: -18pt; MARGIN: 0cm 0cm 0pt 20.25pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD></TR></TABLE></DIV>
<DIV align=center>&nbsp;</DIV>
<DIV align=center>&nbsp;</DIV>
<DIV align=center>
<P></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><I><FONT style="FONT-SIZE: 9pt" lang=EN-US face=Calibri>See Accompanying Notes to Condensed Unaudited Financial Statements</FONT></I></P>
<P></P>
<P></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" lang=EN-US face=Calibri>F-2 </FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P>
</DIV></DIV>
<HR align=center SIZE=2 width="100%" noShade>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<P>&nbsp;</P>


<A name="page_7"></A>
<a name="_bclPageBorder7"></a><DIV style="PADDING-LEFT: 0%; WIDTH: 100%; PADDING-RIGHT: 0%">
<a name="_bclHeader7"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="mso-fareast-font-family: Calibri"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"></FONT></FONT>&nbsp;</P>
</DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>

</P>
<DIV align=center>
<TABLE style="WIDTH: 1000pt; BACKGROUND: #eaf1dd" border=0 cellSpacing=0 cellPadding=0>
<TR style="HEIGHT: 53.9pt">
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; BACKGROUND: #f2f2f2; HEIGHT: 53.9pt; BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid" vAlign=top width="95%" colSpan=7>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 12pt" face=Calibri></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 12pt" face=Calibri>FOCUS UNIVERSAL INC.</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 12pt" face=Calibri>(A DEVELOPMENT STAGE COMPANY)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 12pt" face=Calibri>CONDENSED STATEMENTS OF CHANGES IN STOCKHOLDERS&#146; DEFICIT</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 12pt" face=Calibri>FOR THE PERIOD FROM INCEPTION (DECEMBER 4, 2012)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 12pt" face=Calibri>THROUGH SEPTEMBER 30, 2014</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face=Calibri></FONT></B>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 17.6pt">
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; BACKGROUND: #ffffff; HEIGHT: 17.6pt" vAlign=bottom rowSpan=2 width="35%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" face=Calibri>Description</FONT></B></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND: #ffffff; HEIGHT: 17.6pt" vAlign=bottom width="20%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" face=Calibri>Common stock</FONT></B></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND: #ffffff; HEIGHT: 17.6pt" vAlign=bottom rowSpan=2 width="10%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" face=Calibri>Common</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" face=Calibri>Stock</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" face=Calibri>Subscription</FONT></B></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND: #ffffff; HEIGHT: 17.6pt" vAlign=bottom rowSpan=2 width="10%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" face=Calibri>Additional </FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" face=Calibri>Paid-In</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" face=Calibri>Capital</FONT></B></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND: #ffffff; HEIGHT: 17.6pt" vAlign=bottom rowSpan=2 width="10%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" face=Calibri>Deficit</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" face=Calibri>Accumulated</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" face=Calibri>During</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" face=Calibri>Development</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" face=Calibri>Stage</FONT></B></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND: #ffffff; HEIGHT: 17.6pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom rowSpan=2 width="10%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" face=Calibri>Total</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 13.05pt">
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND: #ffffff; HEIGHT: 13.05pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" face=Calibri>Shares</FONT></B></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND: #ffffff; HEIGHT: 13.05pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" face=Calibri>Amount</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 14.4pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid; BACKGROUND: #ffffff; HEIGHT: 14.4pt" vAlign=bottom width="35%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #ffffff; HEIGHT: 14.4pt" vAlign=bottom width="10%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #ffffff; HEIGHT: 14.4pt" vAlign=bottom width="10%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #ffffff; HEIGHT: 14.4pt" vAlign=top width="10%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #ffffff; HEIGHT: 14.4pt" vAlign=top width="10%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #ffffff; HEIGHT: 14.4pt" vAlign=bottom width="10%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #ffffff; HEIGHT: 14.4pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="10%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 14.4pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid; BACKGROUND: #f2f2f2; HEIGHT: 14.4pt" vAlign=bottom width="35%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri>Balance at Inception (December 4, 2012) &#150; (Audited) </FONT></P>
</TD>
     <TD style="BACKGROUND: #f2f2f2; HEIGHT: 14.4pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - </FONT></P>
</TD>
     <TD style="BACKGROUND: #f2f2f2; HEIGHT: 14.4pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - </FONT></P>
</TD>
     <TD style="BACKGROUND: #f2f2f2; HEIGHT: 14.4pt" vAlign=bottom width="10%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- </FONT></P>
</TD>
     <TD style="BACKGROUND: #f2f2f2; HEIGHT: 14.4pt" vAlign=bottom width="10%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - </FONT></P>
</TD>
     <TD style="BACKGROUND: #f2f2f2; HEIGHT: 14.4pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - </FONT></P>
</TD>
     <TD style="BACKGROUND: #f2f2f2; HEIGHT: 14.4pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - </FONT></P>
</TD></TR>
<TR style="HEIGHT: 9.35pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid; BACKGROUND: #ffffff" vAlign=bottom width="35%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #ffffff" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #ffffff" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #ffffff" vAlign=bottom width="10%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #ffffff" vAlign=top width="10%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #ffffff" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #ffffff; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 14.4pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid; BACKGROUND: #f2f2f2" vAlign=bottom width="35%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri>Net loss for the period </FONT></P>
</TD>
     <TD style="BACKGROUND: #f2f2f2" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - </FONT></P>
</TD>
     <TD style="BACKGROUND: #f2f2f2" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - </FONT></P>
</TD>
     <TD style="BACKGROUND: #f2f2f2" vAlign=bottom width="10%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - </FONT></P>
</TD>
     <TD style="BACKGROUND: #f2f2f2" vAlign=bottom width="10%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - </FONT></P>
</TD>
     <TD style="BACKGROUND: #f2f2f2" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;(2,348)</FONT></P>
</TD>
     <TD style="BACKGROUND: #f2f2f2; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2,348)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 14.4pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid; BACKGROUND: #ffffff; HEIGHT: 14.4pt" vAlign=bottom width="35%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND: #ffffff; HEIGHT: 14.4pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND: #ffffff; HEIGHT: 14.4pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND: #ffffff; HEIGHT: 14.4pt" vAlign=bottom width="10%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND: #ffffff; HEIGHT: 14.4pt" vAlign=bottom width="10%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND: #ffffff; HEIGHT: 14.4pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND: #ffffff; HEIGHT: 14.4pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 14.4pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid; BACKGROUND: #f2f2f2" vAlign=bottom width="35%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri>Balance &#150; March 31, 2013 &#150; (Audited)</FONT></P>
</TD>
     <TD style="BACKGROUND: #f2f2f2" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - </FONT></P>
</TD>
     <TD style="BACKGROUND: #f2f2f2" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - </FONT></P>
</TD>
     <TD style="BACKGROUND: #f2f2f2" vAlign=bottom width="10%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - </FONT></P>
</TD>
     <TD style="BACKGROUND: #f2f2f2" vAlign=bottom width="10%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - </FONT></P>
</TD>
     <TD style="BACKGROUND: #f2f2f2" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2,348)</FONT></P>
</TD>
     <TD style="BACKGROUND: #f2f2f2; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;(2,348)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 13.45pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid; BACKGROUND: #ffffff; HEIGHT: 13.45pt" vAlign=bottom width="35%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #ffffff; HEIGHT: 13.45pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #ffffff; HEIGHT: 13.45pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #ffffff; HEIGHT: 13.45pt" vAlign=bottom width="10%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #ffffff; HEIGHT: 13.45pt" vAlign=top width="10%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #ffffff; HEIGHT: 13.45pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #ffffff; HEIGHT: 13.45pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 14.4pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid; BACKGROUND: #f2f2f2; HEIGHT: 14.4pt" vAlign=bottom width="35%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri>Common stock issued for cash at $0.001 per share</FONT></P>
</TD>
     <TD style="BACKGROUND: #f2f2f2; HEIGHT: 14.4pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>4,000,000 </FONT></P>
</TD>
     <TD style="BACKGROUND: #f2f2f2; HEIGHT: 14.4pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>4,000</FONT></P>
</TD>
     <TD style="BACKGROUND: #f2f2f2; HEIGHT: 14.4pt" vAlign=bottom width="10%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - </FONT></P>
</TD>
     <TD style="BACKGROUND: #f2f2f2; HEIGHT: 14.4pt" vAlign=bottom width="10%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - </FONT></P>
</TD>
     <TD style="BACKGROUND: #f2f2f2; HEIGHT: 14.4pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - </FONT></P>
</TD>
     <TD style="BACKGROUND: #f2f2f2; HEIGHT: 14.4pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4,000 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 14.4pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid; BACKGROUND: #ffffff" vAlign=bottom width="35%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri>Common stock subscription at $0.0125 per share</FONT></P>
</TD>
     <TD style="BACKGROUND: #ffffff" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #ffffff" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #ffffff" vAlign=bottom width="10%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>3,000</FONT></P>
</TD>
     <TD style="BACKGROUND: #ffffff" vAlign=bottom width="10%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - </FONT></P>
</TD>
     <TD style="BACKGROUND: #ffffff" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #ffffff; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>3,000</FONT></P>
</TD></TR>
<TR style="HEIGHT: 14.4pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid; BACKGROUND: #f2f2f2; HEIGHT: 14.4pt" vAlign=bottom width="35%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri>Net loss for the year</FONT></P>
</TD>
     <TD style="BACKGROUND: #f2f2f2; HEIGHT: 14.4pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>- </FONT></P>
</TD>
     <TD style="BACKGROUND: #f2f2f2; HEIGHT: 14.4pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - </FONT></P>
</TD>
     <TD style="BACKGROUND: #f2f2f2; HEIGHT: 14.4pt" vAlign=bottom width="10%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - </FONT></P>
</TD>
     <TD style="BACKGROUND: #f2f2f2; HEIGHT: 14.4pt" vAlign=bottom width="10%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - </FONT></P>
</TD>
     <TD style="BACKGROUND: #f2f2f2; HEIGHT: 14.4pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;(20,506)</FONT></P>
</TD>
     <TD style="BACKGROUND: #f2f2f2; HEIGHT: 14.4pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;(20,506)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 14.4pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid; BACKGROUND: #ffffff; HEIGHT: 14.4pt" vAlign=bottom width="35%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND: #ffffff; HEIGHT: 14.4pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND: #ffffff; HEIGHT: 14.4pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND: #ffffff; HEIGHT: 14.4pt" vAlign=bottom width="10%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND: #ffffff; HEIGHT: 14.4pt" vAlign=bottom width="10%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND: #ffffff; HEIGHT: 14.4pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND: #ffffff; HEIGHT: 14.4pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 14.4pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid; BACKGROUND: #f2f2f2; HEIGHT: 14.4pt" vAlign=bottom width="35%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri>Balance &#150; March 31, 2014 &#150; (Audited)</FONT></P>
</TD>
     <TD style="BACKGROUND: #f2f2f2; HEIGHT: 14.4pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>4,000,000 </FONT></P>
</TD>
     <TD style="BACKGROUND: #f2f2f2; HEIGHT: 14.4pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>4,000 </FONT></P>
</TD>
     <TD style="BACKGROUND: #f2f2f2; HEIGHT: 14.4pt" vAlign=bottom width="10%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3,000 </FONT></P>
</TD>
     <TD style="BACKGROUND: #f2f2f2; HEIGHT: 14.4pt" vAlign=bottom width="10%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - </FONT></P>
</TD>
     <TD style="BACKGROUND: #f2f2f2; HEIGHT: 14.4pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;(22,854)</FONT></P>
</TD>
     <TD style="BACKGROUND: #f2f2f2; HEIGHT: 14.4pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;(15,854)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 14.4pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid; BACKGROUND: #ffffff; HEIGHT: 14.4pt" vAlign=bottom width="35%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #ffffff; HEIGHT: 14.4pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #ffffff; HEIGHT: 14.4pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #ffffff; HEIGHT: 14.4pt" vAlign=bottom width="10%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #ffffff; HEIGHT: 14.4pt" vAlign=top width="10%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #ffffff; HEIGHT: 14.4pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #ffffff; HEIGHT: 14.4pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT></B>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 14.4pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid; BACKGROUND: #f2f2f2; HEIGHT: 14.4pt" vAlign=bottom width="35%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri>Common stock issued for cash at $0.0125 per share</FONT></P>
</TD>
     <TD style="BACKGROUND: #f2f2f2; HEIGHT: 14.4pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>2,580,000 </FONT></P>
</TD>
     <TD style="BACKGROUND: #f2f2f2; HEIGHT: 14.4pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>2,580 </FONT></P>
</TD>
     <TD style="BACKGROUND: #f2f2f2; HEIGHT: 14.4pt" vAlign=bottom width="10%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -</FONT></P>
</TD>
     <TD style="BACKGROUND: #f2f2f2; HEIGHT: 14.4pt" vAlign=bottom width="10%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29,670 </FONT></P>
</TD>
     <TD style="BACKGROUND: #f2f2f2; HEIGHT: 14.4pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - </FONT></P>
</TD>
     <TD style="BACKGROUND: #f2f2f2; HEIGHT: 14.4pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32,250 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 14.4pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid; BACKGROUND: #ffffff; HEIGHT: 14.4pt" vAlign=bottom width="35%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri>Common stock subscription at $0.0125 per share</FONT></P>
</TD>
     <TD style="BACKGROUND: #ffffff; HEIGHT: 14.4pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #ffffff; HEIGHT: 14.4pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #ffffff; HEIGHT: 14.4pt" vAlign=bottom width="10%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>(3,000)</FONT></P>
</TD>
     <TD style="BACKGROUND: #ffffff; HEIGHT: 14.4pt" vAlign=bottom width="10%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - </FONT></P>
</TD>
     <TD style="BACKGROUND: #ffffff; HEIGHT: 14.4pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #ffffff; HEIGHT: 14.4pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>(3,000)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 14.4pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid; BACKGROUND: #f2f2f2; HEIGHT: 14.4pt" vAlign=bottom width="35%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri>Net loss for the period </FONT></P>
</TD>
     <TD style="BACKGROUND: #f2f2f2; HEIGHT: 14.4pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - </FONT></P>
</TD>
     <TD style="BACKGROUND: #f2f2f2; HEIGHT: 14.4pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - </FONT></P>
</TD>
     <TD style="BACKGROUND: #f2f2f2; HEIGHT: 14.4pt" vAlign=bottom width="10%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - </FONT></P>
</TD>
     <TD style="BACKGROUND: #f2f2f2; HEIGHT: 14.4pt" vAlign=bottom width="10%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - </FONT></P>
</TD>
     <TD style="BACKGROUND: #f2f2f2; HEIGHT: 14.4pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;(37,081)</FONT></P>
</TD>
     <TD style="BACKGROUND: #f2f2f2; HEIGHT: 14.4pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;(37,081)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 14.4pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid; BACKGROUND: #ffffff; HEIGHT: 14.4pt" vAlign=bottom width="35%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND: #ffffff; HEIGHT: 14.4pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND: #ffffff; HEIGHT: 14.4pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND: #ffffff; HEIGHT: 14.4pt" vAlign=bottom width="10%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND: #ffffff; HEIGHT: 14.4pt" vAlign=bottom width="10%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND: #ffffff; HEIGHT: 14.4pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND: #ffffff; HEIGHT: 14.4pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT></B>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 14.4pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid; BACKGROUND: #f2f2f2; HEIGHT: 14.4pt" vAlign=bottom width="35%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 9pt" face=Calibri>Balance &#150; September 30, 2014 &#150; (Unaudited)</FONT></B></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 2pt double; BACKGROUND: #f2f2f2; HEIGHT: 14.4pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" face=Calibri>6,580,000 </FONT></B></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 2pt double; BACKGROUND: #f2f2f2; HEIGHT: 14.4pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" face=Calibri>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6,580 </FONT></B></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 2pt double; BACKGROUND: #f2f2f2; HEIGHT: 14.4pt" vAlign=bottom width="10%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" face=Calibri>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - </FONT></B></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 2pt double; BACKGROUND: #f2f2f2; HEIGHT: 14.4pt" vAlign=bottom width="10%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" face=Calibri>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29,670 </FONT></B></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 2pt double; BACKGROUND: #f2f2f2; HEIGHT: 14.4pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" face=Calibri>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(59,935)</FONT></B></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 2pt double; BACKGROUND: #f2f2f2; HEIGHT: 14.4pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" face=Calibri>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(23,685)</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 14.4pt">
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; BACKGROUND: #ffffff; HEIGHT: 14.4pt" vAlign=bottom width="35%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND: #ffffff; HEIGHT: 14.4pt" vAlign=bottom width="10%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND: #ffffff; HEIGHT: 14.4pt" vAlign=bottom width="10%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND: #ffffff; HEIGHT: 14.4pt" vAlign=top width="10%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND: #ffffff; HEIGHT: 14.4pt" vAlign=top width="10%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND: #ffffff; HEIGHT: 14.4pt" vAlign=bottom width="10%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND: #ffffff; HEIGHT: 14.4pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="10%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD></TR></TABLE></DIV>
<DIV align=center>&nbsp;</DIV>
<DIV align=center>&nbsp;</DIV>
<DIV align=center>
<P></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><I><FONT style="FONT-SIZE: 9pt" lang=EN-US face=Calibri>See Accompanying Notes to Condensed Unaudited Financial Statements</FONT></I><FONT style="FONT-SIZE: 9pt" lang=EN-US face=Calibri> </FONT></P>
<P></P>
<P></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" lang=EN-US face=Calibri>F-3</FONT></P>
</DIV>
<DIV align=center>&nbsp;</DIV></DIV>
<HR align=center SIZE=2 width="100%" noShade>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<P>&nbsp;</P>


<A name="page_9"></A>
<a name="_bclPageBorder9"></a><DIV style="PADDING-LEFT: 0%; WIDTH: 100%; PADDING-RIGHT: 0%">
<a name="_bclHeader9"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P>
</DIV>
<DIV align=center>
<TABLE style="WIDTH: 800pt; MARGIN-LEFT: 0pt" border=0 cellSpacing=0 cellPadding=0>
<TR style="HEIGHT: 72.5pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid; BACKGROUND: #f2f2f2; HEIGHT: 72.5pt; BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="99%" colSpan=6 noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 12pt" face=Calibri>FOCUS UNIVERSAL INC.</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 12pt" face=Calibri>(A DEVELOPMENT STAGE COMPANY)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 12pt" face=Calibri>CONDENSED STATEMENTS OF CASH FLOWS</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" face=Calibri></FONT></B>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 77pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid; HEIGHT: 77pt; BORDER-TOP: windowtext 1pt solid" vAlign=bottom width="54%" colSpan=3 noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" face=Calibri></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 77pt; BORDER-TOP: windowtext 1pt solid" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" face=Calibri>Six Months</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" face=Calibri>Ended </FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" face=Calibri>September 30,</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" face=Calibri>2014</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" face=Calibri>(Unaudited)</FONT></B></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 77pt; BORDER-TOP: windowtext 1pt solid" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" face=Calibri>Six Months</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" face=Calibri>Ended </FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" face=Calibri>September 30,</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" face=Calibri>2013</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" face=Calibri>(Unaudited)</FONT></B></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 77pt; BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" face=Calibri>Cumulative</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" face=Calibri>From Inception</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" face=Calibri>(December 4, 2012)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" face=Calibri>Through September 30,</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" face=Calibri>2014</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" face=Calibri>(Unaudited)</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 15.75pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid; HEIGHT: 15.75pt" vAlign=bottom width="54%" colSpan=3 noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 9pt" face=Calibri>Operating Activities:</FONT></B></P>
</TD>
     <TD style="HEIGHT: 15.75pt" vAlign=bottom width="15%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 15.75pt" vAlign=bottom width="15%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 15.75pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="15%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 15.75pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid; BACKGROUND-COLOR: #f2f2f2" vAlign=bottom width="4%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2" vAlign=bottom width="50%" colSpan=2 noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri>Net Loss</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (37,081)</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1,596)</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (59,935)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15.75pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid; HEIGHT: 15.75pt" vAlign=bottom width="4%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 15.75pt" vAlign=bottom width="50%" colSpan=2 noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri>Adjustments to reconcile net loss to net cash used in operating activities:</FONT></P>
</TD>
     <TD style="HEIGHT: 15.75pt" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 15.75pt" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 15.75pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 15.75pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid; BACKGROUND-COLOR: #f2f2f2" vAlign=bottom width="4%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2" vAlign=bottom width="4%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2" vAlign=bottom width="46%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri>Changes in Operating Assets and Liabilities-</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 15.75pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid" vAlign=bottom width="4%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="4%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="46%" noWrap>
<P style="TEXT-INDENT: 9pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri>Prepaid expenses</FONT></P>
</TD>
     <TD vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>(9,038)</FONT></P>
</TD>
     <TD vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>-</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>(9,346)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15.75pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid; BACKGROUND-COLOR: #f2f2f2" vAlign=bottom width="4%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2" vAlign=bottom width="4%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2" vAlign=bottom width="46%" noWrap>
<P style="TEXT-INDENT: 9pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri>Accounts payable and accrued liabilities</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3,646 </FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9,960</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20,816 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 15.75pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid; HEIGHT: 15.75pt" vAlign=bottom width="4%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 15.75pt" vAlign=bottom width="4%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 15.75pt" vAlign=bottom width="46%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp; Accounts payable - related party</FONT></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6,000 </FONT></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 52 </FONT></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 15.75pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12,400 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 15.75pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid; BACKGROUND-COLOR: #f2f2f2; HEIGHT: 15.75pt" vAlign=bottom width="54%" colSpan=3 noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 9pt" face=Calibri>Net Cash Used in Operating Activities</FONT></B></P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2; HEIGHT: 15.75pt" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;(36,473)</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2; HEIGHT: 15.75pt" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8,416 </FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2; HEIGHT: 15.75pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>(36,065) </FONT></P>
</TD></TR>
<TR style="HEIGHT: 15.75pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid; HEIGHT: 15.75pt" vAlign=bottom width="54%" colSpan=3 noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 15.75pt" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 15.75pt" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 15.75pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 15.75pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid; BACKGROUND-COLOR: #f2f2f2; HEIGHT: 15.75pt" vAlign=bottom width="54%" colSpan=3 noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 9pt" face=Calibri>Investing&nbsp; Activities:</FONT></B></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: #f2f2f2; HEIGHT: 15.75pt" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: #f2f2f2; HEIGHT: 15.75pt" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: #f2f2f2; HEIGHT: 15.75pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 15.75pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid; HEIGHT: 15.75pt" vAlign=bottom width="54%" colSpan=3 noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 9pt" face=Calibri>Net Cash Generated by (Used in) Investing Activities</FONT></B></P>
</TD>
     <TD style="HEIGHT: 15.75pt" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>-</FONT></P>
</TD>
     <TD style="HEIGHT: 15.75pt" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>-</FONT></P>
</TD>
     <TD style="HEIGHT: 15.75pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>-</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15.75pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid; BACKGROUND-COLOR: #f2f2f2; HEIGHT: 15.75pt" vAlign=bottom width="54%" colSpan=3 noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2; HEIGHT: 15.75pt" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2; HEIGHT: 15.75pt" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2; HEIGHT: 15.75pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 15.75pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid; HEIGHT: 15.75pt" vAlign=bottom width="54%" colSpan=3 noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 9pt" face=Calibri>Financing Activities:</FONT></B></P>
</TD>
     <TD style="HEIGHT: 15.75pt" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 15.75pt" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 15.75pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 15.75pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid; BACKGROUND-COLOR: #f2f2f2; HEIGHT: 15.75pt" vAlign=bottom width="4%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2; HEIGHT: 15.75pt" vAlign=bottom width="50%" colSpan=2 noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri>Proceeds from sale of common stock</FONT></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: #f2f2f2; HEIGHT: 15.75pt" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>29,250</FONT></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: #f2f2f2; HEIGHT: 15.75pt" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>4,000</FONT></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: #f2f2f2; HEIGHT: 15.75pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>36,250</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15.75pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid; HEIGHT: 15.75pt" vAlign=bottom width="54%" colSpan=3 noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 9pt" face=Calibri>Net Cash Provided by Financing Activities</FONT></B></P>
</TD>
     <TD style="HEIGHT: 15.75pt" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29,250 </FONT></P>
</TD>
     <TD style="HEIGHT: 15.75pt" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4,000</FONT></P>
</TD>
     <TD style="HEIGHT: 15.75pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36,250 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 15.75pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid; BACKGROUND-COLOR: #f2f2f2; HEIGHT: 15.75pt" vAlign=bottom width="54%" colSpan=3 noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2; HEIGHT: 15.75pt" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2; HEIGHT: 15.75pt" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2; HEIGHT: 15.75pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 15.75pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid; HEIGHT: 15.75pt" vAlign=bottom width="54%" colSpan=3 noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 9pt" face=Calibri>Net Change in Cash</FONT></B></P>
</TD>
     <TD style="HEIGHT: 15.75pt" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (7,223)</FONT></P>
</TD>
     <TD style="HEIGHT: 15.75pt" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12,416 </FONT></P>
</TD>
     <TD style="HEIGHT: 15.75pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 185 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 16.5pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid; BACKGROUND-COLOR: #f2f2f2; HEIGHT: 16.5pt" vAlign=bottom width="54%" colSpan=3 noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2; HEIGHT: 16.5pt" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2; HEIGHT: 16.5pt" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2; HEIGHT: 16.5pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 16.5pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid; HEIGHT: 16.5pt" vAlign=bottom width="54%" colSpan=3 noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 9pt" face=Calibri>Cash - Beginning of Period</FONT></B></P>
</TD>
     <TD style="HEIGHT: 16.5pt" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7,408 </FONT></P>
</TD>
     <TD style="HEIGHT: 16.5pt" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -</FONT></P>
</TD>
     <TD style="HEIGHT: 16.5pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -</FONT></P>
</TD></TR>
<TR style="HEIGHT: 16.5pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid; BACKGROUND-COLOR: #f2f2f2; HEIGHT: 16.5pt" vAlign=bottom width="54%" colSpan=3 noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2; HEIGHT: 16.5pt" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2; HEIGHT: 16.5pt" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2; HEIGHT: 16.5pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 17.25pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid; HEIGHT: 17.25pt" vAlign=bottom width="54%" colSpan=3 noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 9pt" face=Calibri>Cash - End of Period</FONT></B></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 2.25pt double; HEIGHT: 17.25pt; BORDER-TOP: black 1pt solid" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;185 </FONT></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 2.25pt double; HEIGHT: 17.25pt; BORDER-TOP: black 1pt solid" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12,416 </FONT></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 2.25pt double; HEIGHT: 17.25pt; BORDER-TOP: black 1pt solid; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;185</FONT></P>
</TD></TR>
<TR style="HEIGHT: 16.5pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid; BACKGROUND-COLOR: #f2f2f2; HEIGHT: 16.5pt" vAlign=bottom width="54%" colSpan=3 noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2; HEIGHT: 16.5pt" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2; HEIGHT: 16.5pt" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2; HEIGHT: 16.5pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 15.75pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid; HEIGHT: 15.75pt" vAlign=bottom width="4%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 15.75pt" vAlign=bottom width="50%" colSpan=2 noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri>Cash paid during the period for:</FONT></P>
</TD>
     <TD style="HEIGHT: 15.75pt" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 15.75pt" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 15.75pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 16.5pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid; BACKGROUND-COLOR: #f2f2f2; HEIGHT: 16.5pt" vAlign=bottom width="4%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2; HEIGHT: 16.5pt" vAlign=bottom width="4%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #f2f2f2; HEIGHT: 16.5pt" vAlign=bottom width="46%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri>Interest</FONT></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 2pt double; BACKGROUND-COLOR: #f2f2f2; HEIGHT: 16.5pt" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- </FONT></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 2pt double; BACKGROUND-COLOR: #f2f2f2; HEIGHT: 16.5pt" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</FONT></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 2pt double; BACKGROUND-COLOR: #f2f2f2; HEIGHT: 16.5pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</FONT></P>
</TD></TR>
<TR style="HEIGHT: 17.25pt">
     <TD style="BORDER-LEFT: windowtext 1pt solid; HEIGHT: 17.25pt" vAlign=bottom width="4%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 17.25pt" vAlign=bottom width="4%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 17.25pt" vAlign=bottom width="46%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri>Income tax paid</FONT></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 2pt double; HEIGHT: 17.25pt" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - </FONT></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 2pt double; HEIGHT: 17.25pt" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -</FONT></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 2pt double; HEIGHT: 17.25pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=Calibri>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</FONT></P>
</TD></TR>
<TR style="HEIGHT: 16.5pt">
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; HEIGHT: 16.5pt" vAlign=bottom width="54%" colSpan=3 noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 16.5pt" vAlign=bottom width="15%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 16.5pt" vAlign=bottom width="15%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 16.5pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="15%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face=Calibri></FONT>&nbsp;</P>
</TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><I><FONT style="FONT-SIZE: 9pt" lang=EN-US face=Calibri>See Accompanying Notes to Condensed Unaudited Financial Statements</FONT></I></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><I><FONT style="FONT-SIZE: 9pt" lang=EN-US face=Calibri></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><I><FONT style="FONT-SIZE: 9pt" lang=EN-US face=Calibri></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" lang=EN-US face=Calibri>F-4</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P>
</DIV>
<HR align=center SIZE=2 width="100%" noShade>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<P>&nbsp;</P>


<A name="page_11"></A>
<a name="_bclPageBorder11"></a><DIV style="PADDING-LEFT: 0%; WIDTH: 100%; PADDING-RIGHT: 0%">
<a name="_bclHeader11"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 11pt" lang=EN-GB face="Times New Roman">FOCUS UNIVERSAL INC.</FONT></B></P>
</DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 11pt" lang=EN-GB face="Times New Roman">(A DEVELOPMENT STAGE COMPANY)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 11pt" lang=EN-CA face="Times New Roman">FOR THE THREE AND SIX MONTHS ENDED SEPTEMBER 30, 2014 AND 2013,</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 11pt" lang=EN-CA face="Times New Roman">AND FOR THE PERIOD FROM INCEPTION (DECEMBER 4, 2012) TO SEPTEMBER 30, 2014</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 11pt" lang=EN-GB face="Times New Roman">NOTES TO THE CONDENSED UNAUDITED FINANCIAL STATEMENTS</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Note 1 &#150; Organization and Operations</FONT></B></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -54pt; MARGIN: 0cm 0cm 0pt 54pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Focus Universal Inc. (the &#147;Company&#148;) was incorporated under the laws of the State of Nevada on December 4, 2012 (&#147;Inception&#148;).&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman">Focus Universal Inc. offers a full range of web services, including web marketing services, social and viral marketing campaigns, search engine optimization consulting, custom web design, website usability consulting and web analytics implementation. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Note 2 &#150; Summary of Significant Accounting Policies</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><U><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman">Basis of Presentation &#150; Unaudited Interim Financial Information</FONT></U></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman">The accompanying unaudited interim financial statements and related notes have been prepared in accordance with accounting principles generally accepted in the United States of America (&#147;U.S. GAAP&#148;) for interim financial information, and with the rules and regulations of the United States Securities and Exchange Commission (&#147;SEC&#148;) to Form 10-Q and Article 8 of Regulation S-X.&nbsp; Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements.&nbsp; The unaudited interim financial statements furnished reflect all adjustments (consisting of normal recurring accruals) which are, in the opinion of management, necessary to a fair statement of the results for the interim periods presented.&nbsp; Unaudited interim results are not necessarily indicative of the results for the full fiscal year. These unaudited interim consolidated financial statements should be read in conjunction with the financial statements of the Company for the year ended March 31, 2014 and notes thereto contained in the information as part of the Company&#146;s Annual Report on the Form 10-K, which was filed with the Securities and Exchange Commission on June 30, 2014.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><U><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman">Development Stage Company</FONT></U></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman">The Company is a development stage company as defined by </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">section 915-10-20 of the FASB Accounting Standards Codification</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman">.&nbsp; Although the Company has recognized nominal amounts of revenue, it is still devoting substantially all of its efforts on establishing the business. </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Among the additional disclosures required as a development stage company are that our financial statements were identified as those of a development stage company, and that the statements of operations, stockholders&#146; deficit and cash flows disclosed activity since the date of our inception (December 4, 2012) as a development stage company </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman">All losses accumulated since Inception (December 4, 2012) have been considered as part of the Company&#146;s development stage activities. </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Effective June 10, 2014 FASB changed its regulations with respect to Development Stage Entities and these additional disclosures are no longer required for annual reporting periods beginning after December 15, 2014 with the option for entities to early adopt these new provisions. The Company has not elected to early adopt these provisions and consequently these additional disclosures are included in these financial statements.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><U><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Use of Estimates and Assumptions</FONT></U></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">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 amounts of revenues and expenses during the reporting period.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">The Company&#146;s significant estimates and assumptions include the fair value of financial instruments; </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman">income tax rate, income tax provision and valuation allowance of deferred tax assets; and</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"> the assumption that the Company will continue as a going concern.&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman">Those significant accounting estimates or assumptions bear the risk of change due to the fact that there are uncertainties attached to those estimates or assumptions, and certain estimates or assumptions are difficult to measure or value.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman">F-5</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P>
</DIV>
<HR align=center SIZE=2 width="100%" noShade>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<A name="page_12"></A>
<a name="_bclPageBorder12"></a><DIV style="PADDING-LEFT: 0%; WIDTH: 100%; PADDING-RIGHT: 0%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 11pt" lang=EN-GB face="Times New Roman">FOCUS UNIVERSAL INC.</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 11pt" lang=EN-GB face="Times New Roman">(A DEVELOPMENT STAGE COMPANY)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 11pt" lang=EN-CA face="Times New Roman">FOR THE THREE AND SIX MONTHS ENDED SEPTEMBER 30, 2014 AND 2013,</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 11pt" lang=EN-CA face="Times New Roman">AND FOR THE PERIOD FROM INCEPTION (DECEMBER 4, 2012) TO SEPTEMBER 30, 2014</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 11pt" lang=EN-GB face="Times New Roman">NOTES TO THE UNAUDITED FINANCIAL STATEMENTS</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman">Management bases its estimates on historical experience and on various assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman">Management regularly reviews its estimates utilizing currently available information, changes in facts and circumstances, historical experience and reasonable assumptions. After such reviews, and if deemed appropriate, those estimates are adjusted accordingly. Actual results could differ from those estimates.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><U><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Fair Value of Financial Instruments</FONT></U></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">The Company follows paragraph 825-10-50-10 of the FASB Accounting Standards Codification for disclosures about fair value of its financial instruments and paragraph 820-10-35-37 of the FASB Accounting Standards Codification (&#147;Paragraph 820-10-35-37&#148;) to measure the fair value of its financial instruments. Paragraph 820-10-35-37 establishes a framework for measuring fair value in accounting principles generally accepted in the United States of America (U.S. GAAP), and expands disclosures about fair value measurements.&nbsp; </FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">To increase consistency and comparability in fair value measurements and related disclosures, Paragraph 820-10-35-37 establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three (3) broad levels.&nbsp; The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs.&nbsp; The three (3) levels of fair value hierarchy defined by Paragraph 820-10-35-37 are described below:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 1000pt; BORDER-COLLAPSE: collapse" border=0 cellSpacing=0 cellPadding=0>
<TR>
     <TD vAlign=top width="7%" align=right>
<P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Level 1</FONT></P>
</TD>
     <TD width="2%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=top width="91%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Quoted market prices available in active markets for identical assets or liabilities as of the reporting date.</FONT></P>
</TD></TR>
<TR>
     <TD vAlign=top width="7%" align=right>
<P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Level 2</FONT></P>
</TD>
     <TD width="2%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=top width="91%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date.</FONT></P>
</TD></TR>
<TR>
     <TD vAlign=top width="7%" align=right>
<P style="MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Level 3</FONT></P>
</TD>
     <TD width="2%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" color=black face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=top width="91%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Pricing inputs that are generally observable inputs and not corroborated by market data.</FONT></P>
</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Financial assets are considered Level 3 when their fair values are determined using pricing models, discounted cash flow methodologies or similar techniques and at least one significant model assumption or input is unobservable.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs.&nbsp; If the inputs used to measure the financial assets and liabilities fall within more than one level described above, the categorization is based on the lowest level input that is significant to the fair value measurement of the instrument.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman">The carrying amount of the Company&#146;s financial assets and liabilities, such as cash, prepaid expenses, accounts payable and accrued expenses, approximate their fair value because of the short maturity of those instruments.&nbsp; </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman">Transactions involving related parties cannot be presumed to be carried out on an arm's-length basis, as the requisite conditions of competitive, free-market dealings may not exist. Representations about transactions with related parties, if made, shall not imply that the related party transactions were consummated on terms equivalent to those that prevail in arm's-length transactions unless such representations can be substantiated.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman">It is not however practical to determine the fair value of advances from stockholders, if any, due to their related party nature.</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><I><U><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Cash Equivalents </FONT></U></I></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">The Company considers all highly liquid investments with a maturity of three months or less to be cash and cash equivalents.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman">F-6</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P>
</DIV>
<HR align=center SIZE=2 width="100%" noShade>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<A name="page_13"></A>
<a name="_bclPageBorder13"></a><DIV style="PADDING-LEFT: 0%; WIDTH: 100%; PADDING-RIGHT: 0%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 11pt" lang=EN-GB face="Times New Roman">FOCUS UNIVERSAL INC.</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 11pt" lang=EN-GB face="Times New Roman">(A DEVELOPMENT STAGE COMPANY)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 11pt" lang=EN-CA face="Times New Roman">FOR THE THREE AND SIX MONTHS ENDED SEPTEMBER 30, 2014 AND 2013,</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 11pt" lang=EN-CA face="Times New Roman">AND FOR THE PERIOD FROM INCEPTION (DECEMBER 4, 2012) TO SEPTEMBER 30, 2014</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 11pt" lang=EN-GB face="Times New Roman">NOTES TO THE UNAUDITED FINANCIAL STATEMENTS</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><U><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman">Related Parties</FONT></U></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">The Company follows subtopic 850-10 of the FASB Accounting Standards Codification for the identification of related parties and disclosure of related party transactions. </FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Pursuant to Section 850-10-20 </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman">the related parties include: a.&nbsp;affiliates of the Company; b.&nbsp;</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman"> </FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman">entities for which investments in their equity securities would be required, absent the election of the fair value option under the Fair Value Option Subsection of Section 825&#150;10&#150;15, to be accounted for by the equity method by the investing entity; c.&nbsp;</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman"> </FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman">trusts for the benefit of employees, such as pension and profit-sharing trusts that are managed by or under the trusteeship of management; d. </FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman">&nbsp;</FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman">principal owners of the Company; e. management of the Company; f.&nbsp;</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman"> </FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman">other parties with which the Company may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests; and g.&nbsp;</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman"> </FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman">other parties that can significantly influence the management or operating policies of the transacting parties or that have an ownership interest in one of the transacting parties and can significantly influence the other to an extent that one or more of the transacting parties might be prevented from fully pursuing its own separate interests.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman">The financial statements shall include disclosures of material related party transactions, other than compensation arrangements, expense allowances, and other similar items in the ordinary course of business. However, disclosure of transactions that are eliminated in the preparation of financial statements is not required in those statements. The disclosures shall include:&nbsp; a.&nbsp;the nature of the relationship(s) involved; b. a description of the transactions, including transactions to which no amounts or nominal amounts were ascribed, for each of the periods for which income statements are presented, and such other information deemed necessary to an understanding of the effects of the transactions on the financial statements; c.&nbsp;the dollar amounts of transactions for each of the periods for which income statements are presented and the effects of any change in the method of establishing the terms from that used in the preceding period; and d.&nbsp;amounts due from or to </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">related parties </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman">as of the date of each balance sheet presented and, if not otherwise apparent, the terms and manner of settlement.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><U><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Commitments and Contingencies</FONT></U></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman">The Company follows subtopic 450-20 of </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">the FASB Accounting Standards Codification to report accounting for contingencies.</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman"> Certain conditions may exist as of the date the financial statements are issued, which may result in a loss to the Company but which will only be resolved when one or more future events occur or fail to occur.&nbsp; The Company assesses such contingent liabilities, and such assessment inherently involves an exercise of judgment.&nbsp; In assessing loss contingencies related to legal proceedings that are pending against the Company or unasserted claims that may result in such proceedings, the Company evaluates the perceived merits of any legal proceedings or unasserted claims as well as the perceived merits of the amount of relief sought or expected to be sought therein.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman">If the assessment of a contingency indicates that it is probable that a material loss has been incurred and the amount of the liability can be estimated, then the estimated liability would be accrued in the Company&#146;s financial statements.&nbsp; If the assessment indicates that a potential material loss contingency is not probable but is reasonably possible, or is probable but cannot be estimated, then the nature of the contingent liability, and an estimate of the range of possible losses, if determinable and material, would be disclosed.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman">Loss contingencies considered remote are generally not disclosed unless they involve guarantees, in which case the guarantees would be disclosed.&nbsp; Management does not believe, based upon information available at this time that these matters will have a material adverse effect on the Company&#146;s financial position, results of operations or cash flows. However, there is no assurance that such matters will not materially and adversely affect the Company&#146;s business, financial position, and results of operations or cash flows.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">F-7</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P>
</DIV>
<HR align=center SIZE=2 width="100%" noShade>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<A name="page_14"></A>
<a name="_bclPageBorder14"></a><DIV style="PADDING-LEFT: 0%; WIDTH: 100%; PADDING-RIGHT: 0%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 11pt" lang=EN-GB face="Times New Roman">FOCUS UNIVERSAL INC.</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 11pt" lang=EN-GB face="Times New Roman">(A DEVELOPMENT STAGE COMPANY)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 11pt" lang=EN-CA face="Times New Roman">FOR THE THREE AND SIX MONTHS ENDED SEPTEMBER 30, 2014 AND 2013,</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 11pt" lang=EN-CA face="Times New Roman">AND FOR THE PERIOD FROM INCEPTION (DECEMBER 4, 2012) TO SEPTEMBER 30, 2014</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 11pt" lang=EN-GB face="Times New Roman">NOTES TO THE UNAUDITED FINANCIAL STATEMENTS</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><U><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Revenue Recognition</FONT></U></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=EN-US face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">The Company applies paragraph 605-10-S99-1 of the FASB Accounting Standards Codification for revenue recognition.&nbsp; The Company recognizes revenue when it is realized or realizable and earned.&nbsp; The Company considers revenue realized or realizable and earned when all of the following criteria are met: (i) persuasive evidence of an arrangement exists, (ii) the product has been shipped or the services have been rendered to the customer, (iii) the sales price is fixed or determinable, and (iv) collectability is reasonably assured.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">The Company derives its revenues from sales contracts with its customer with revenues being generated upon rendering of services.&nbsp; Persuasive evidence of an arrangement is demonstrated via invoice; service is considered provided when the service is delivered to the customers; and the sales price to the customer is fixed upon acceptance of the purchase order and there is no separate sales rebate, discount, or volume incentive.</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><U><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Income Tax Provision</FONT></U></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">The Company accounts for income taxes under Section 740-10-30 of the FASB Accounting Standards Codification, which requires recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements or tax returns.&nbsp; </FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Under this method, deferred tax assets and liabilities are based on the differences between the financial statement and tax bases of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse.&nbsp; Deferred tax assets are reduced by a valuation allowance to the extent management concludes it is more likely than not that the assets will not be realized.&nbsp; Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled.&nbsp; The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the statements of operations in the period that includes the enactment date.</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman">The Company adopted the provisions of </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">paragraph 740-10-25-13 of the FASB Accounting Standards Codification</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman">. </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Paragraph 740-10-25-13</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman"> addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements.&nbsp; Under </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">paragraph 740-10-25-13</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman">, the Company may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position.&nbsp; The tax benefits recognized in the financial statements from such a position should be measured based on the largest benefit that has a greater than fifty percent (50%) likelihood of being realized upon ultimate settlement.&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Paragraph 740-10-25-13</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman"> also provides guidance on de-recognition, classification, interest and penalties on income taxes, accounting in interim periods and requires increased disclosures.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman">&nbsp; </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman">The estimated future tax effects of temporary differences between the tax basis of assets and liabilities are reported in the accompanying balance sheets, as well as tax credit carry-backs and carry-forwards. The Company periodically reviews the recoverability of deferred tax assets recorded on its balance sheets and provides valuation allowances as management deems necessary.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman">Management makes judgments as to the interpretation of the tax laws that might be challenged upon an audit and cause changes to previous estimates of tax liability. In addition, the Company operates within multiple taxing jurisdictions and is subject to audit in these jurisdictions. In management&#146;s opinion, adequate provisions for income taxes have been made for all years. If actual taxable income by tax jurisdiction varies from estimates, additional allowances or reversals of reserves may be necessary.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"><I><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=EN-US face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman">F-8</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P>
</DIV>
<HR align=center SIZE=2 width="100%" noShade>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<A name="page_15"></A>
<a name="_bclPageBorder15"></a><DIV style="PADDING-LEFT: 0%; WIDTH: 100%; PADDING-RIGHT: 0%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 11pt" lang=EN-GB face="Times New Roman">FOCUS UNIVERSAL INC.</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 11pt" lang=EN-GB face="Times New Roman">(A DEVELOPMENT STAGE COMPANY)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 11pt" lang=EN-CA face="Times New Roman">FOR THE THREE AND SIX MONTHS ENDED SEPTEMBER 30, 2014 AND 2013,</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 11pt" lang=EN-CA face="Times New Roman">AND FOR THE PERIOD FROM INCEPTION (DECEMBER 4, 2012) TO SEPTEMBER 30, 2014</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 11pt" lang=EN-GB face="Times New Roman">NOTES TO THE UNAUDITED FINANCIAL STATEMENTS</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><I><U><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Uncertain Tax Positions</FONT></U></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman">The Company did not take any uncertain tax positions and had no unrecognized tax liabilities or benefits in accordance with the provisions of </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Section 740-10-25 </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman">at September 30, 2014 and March 31, 2014.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=EN-US face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=EN-US face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><U><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Net Income (Loss) Per Common Share</FONT></U></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Net income (loss) per common share is computed pursuant to section 260-10-45 of the FASB Accounting Standards Codification. &nbsp;&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman">Basic net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period.&nbsp; </FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman">Diluted net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock and potentially outstanding shares of common stock during the period </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">to reflect the potential dilution that could occur from common shares issuable through contingent shares issuance arrangement, stock options or warrants</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman">.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman">There were no potentially debt or equity instruments issued and outstanding</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"> at any time during the six-month periods ended </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman">September 30, 2014 or 2013</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><U><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman">Cash Flows Reporting</FONT></U></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">The Company adopted paragraph 230-10-45-24 of the FASB Accounting Standards Codification for cash flows reporting, classifies cash receipts and payments according to whether they stem from operating, investing, or financing activities and provides definitions of each category, and uses the </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman">indirect or reconciliation method (&#147;Indirect method&#148;) as defined by </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">paragraph 230-10-45-25 of the FASB Accounting Standards Codification</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman"> to report net cash flow from operating activities by adjusting net income to reconcile it to net cash flow from operating activities by removing the effects of (a) all deferrals of past operating cash receipts and payments and all accruals of expected future operating cash receipts and payments and (b) all items that are included in net income that do not affect operating cash receipts and payments.&nbsp; The Company reports the reporting currency equivalent of foreign currency cash flows, using the current exchange rate at the time of the cash flows and the effect of exchange rate changes on cash held in foreign currencies is reported as a separate item in the reconciliation of beginning and ending balances of cash and cash equivalents and separately provides information about investing and financing activities not resulting in cash receipts or payments in the period pursuant to </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">paragraph 830-230-45-1 of the FASB Accounting Standards Codification</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman">.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><U><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman">Subsequent Events</FONT></U></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">The Company follows the guidance in Section 855-10-50 of the FASB Accounting Standards Codification for the disclosure of subsequent events. The Company will evaluate subsequent events through</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman"> the date when the&nbsp;financial statements were issued</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">.&nbsp; Pursuant to ASU 2010-09 of the FASB Accounting Standards Codification, the Company as an SEC filer considers its financial statements issued when they are widely distributed to users, such as through filing them on EDGAR.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><U><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Recently Issued Accounting Pronouncements</FONT></U></I></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">The Company is in the development stage as defined under the then current Financial Accounting Standards Board (&#147;FASB&#148;) Accounting Standards Codification (&#147;ASC&#148;) 915-205 &#147;Development-Stage Entities,&#148; and among the additional disclosures required as a development stage company are that our financial statements were identified as those of a development stage company, and that the statements of operations, stockholders&#146; deficit and cash flows disclosed activity since the date of our inception (December 4, 2012) as a development stage company. Effective June 10, 2014 FASB changed its regulations with </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">F-9</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
</DIV>
<HR align=center SIZE=2 width="100%" noShade>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<A name="page_16"></A>
<a name="_bclPageBorder16"></a><DIV style="PADDING-LEFT: 0%; WIDTH: 100%; PADDING-RIGHT: 0%">
<a name="_bclHeader16"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="mso-fareast-font-family: Calibri; mso-ansi-language: EN-GB"><B><FONT style="FONT-SIZE: 12pt" lang=EN-GB face="Times New Roman"></FONT></B></FONT>&nbsp;</P>
</DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 11pt" lang=EN-GB face="Times New Roman">FOCUS UNIVERSAL INC.</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 11pt" lang=EN-GB face="Times New Roman">(A DEVELOPMENT STAGE COMPANY)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 11pt" lang=EN-CA face="Times New Roman">FOR THE THREE AND SIX MONTHS ENDED SEPTEMBER 30, 2014 AND 2013,</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 11pt" lang=EN-CA face="Times New Roman">AND FOR THE PERIOD FROM INCEPTION (DECEMBER 4, 2012) TO SEPTEMBER 30, 2014</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 11pt" lang=EN-GB face="Times New Roman">NOTES TO THE UNAUDITED FINANCIAL STATEMENTS</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">respect to Development Stage Entities and these additional disclosures are no longer required for annual reporting periods beginning after December 15, 2014 with the option for entities to early adopt these new provisions. The Company has not elected to early adopt these provisions and consequently these additional disclosures are included in these financial statements.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">The Company does not believe that other than disclosed above, recently issued, but not yet adopted, accounting pronouncements will have a material impact on its financial position, results of operations or cash flows. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Note 3 &#150; Going Concern</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman">The accompanying financial statements have been prepared </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">assuming that the Company will continue as a going concern, which contemplates continuity of operations, realization of assets, and liquidation of liabilities in the normal course of business</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman">.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">As reflected in the accompanying financial statements, the Company had a deficit accumulated during the development stage at September 30, 2014 and March 31, 2014 of $59,935 and $22,854, respectively, and a net loss </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-GB color=black face="Times New Roman">for the period from December 4, 2012 (Inception) through September 30, 2014 of $59,935</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">. These factors raise substantial doubt about the Company&#146;s ability to continue as a going concern. While the Company is attempting to generate sufficient revenues, the Company&#146;s cash position may not be sufficient enough to support the Company&#146;s daily operations.&nbsp; Management intends to raise additional funds by way of a public or private offering.&nbsp; </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Management believes that the actions presently being taken to further implement its business plan and generate sufficient revenues provide the opportunity for the Company to continue as a going concern. While the Company believes in the viability of its strategy to generate sufficient revenues and in its ability to raise additional funds, there can be no assurances to that effect.&nbsp; The ability of the Company to continue as a going concern is dependent upon the Company&#146;s ability to further implement its business plan and generate sufficient revenues.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">The financial statements do not include any adjustments related to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities that might be necessary if the Company is unable to continue as a going concern.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman">Note 4 &#150; Related Party Transactions</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><U><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Consulting services from President, Chief Executive Officer, Secretary and Treasurer and Chief Financial Officer</FONT></U></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Consulting services provided by the President, Chief Executive Officer, Secretary and Treasurer and Chief Financial Officer for the three and six months ended September 30, 2014 and 2013 were as follows:</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 482pt; BORDER-COLLAPSE: collapse" border=0 cellSpacing=0 cellPadding=0>
<TR style="HEIGHT: 61.2pt">
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BACKGROUND: #f2f2f2; HEIGHT: 61.2pt; PADDING-TOP: 0cm" vAlign=bottom width="38%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BACKGROUND: #f2f2f2; HEIGHT: 61.2pt; PADDING-TOP: 0cm" vAlign=top width="2%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BACKGROUND: #f2f2f2; HEIGHT: 61.2pt; PADDING-TOP: 0cm" vAlign=bottom width="14%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman">For the </FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman">Three Months</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman">Ended</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman">September 30,</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman">2014</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BACKGROUND: #f2f2f2; HEIGHT: 61.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BACKGROUND: #f2f2f2; HEIGHT: 61.2pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" colSpan=2>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman">For the </FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman">Three Months</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman">Ended</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman">September 30,</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman">2013</FONT></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BACKGROUND: #f2f2f2; HEIGHT: 61.2pt; PADDING-TOP: 0cm" vAlign=top width="2%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BACKGROUND: #f2f2f2; HEIGHT: 61.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman">For the</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman">Six Months</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman">Ended</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman">September 30,</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman">2014</FONT></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BACKGROUND: #f2f2f2; HEIGHT: 61.2pt; PADDING-TOP: 0cm" vAlign=top width="2%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BACKGROUND: #f2f2f2; HEIGHT: 61.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman">For the</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman">Six Months</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman">Ended</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman">September 30,</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman">2013</FONT></P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="38%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="2%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="14%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="13%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="2%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="12%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="2%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="13%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 13.05pt">
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BACKGROUND: #f2f2f2; HEIGHT: 13.05pt; PADDING-TOP: 0cm" vAlign=bottom width="38%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman">President, Chief Executive Officer</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BACKGROUND: #f2f2f2; HEIGHT: 13.05pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman">$</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BACKGROUND: #f2f2f2; HEIGHT: 13.05pt; PADDING-TOP: 0cm" vAlign=bottom width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman">1,500</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BACKGROUND: #f2f2f2; HEIGHT: 13.05pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BACKGROUND: #f2f2f2; HEIGHT: 13.05pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman">$</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BACKGROUND: #f2f2f2; HEIGHT: 13.05pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman">200</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BACKGROUND: #f2f2f2; HEIGHT: 13.05pt; PADDING-TOP: 0cm" vAlign=top width="2%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BACKGROUND: #f2f2f2; HEIGHT: 13.05pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3,000</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BACKGROUND: #f2f2f2; HEIGHT: 13.05pt; PADDING-TOP: 0cm" vAlign=top width="2%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BACKGROUND: #f2f2f2; HEIGHT: 13.05pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.25pt">
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 12.25pt; PADDING-TOP: 0cm" vAlign=bottom width="38%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman">Chief Financial Officer, Secretary and Treasurer</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 12.25pt; PADDING-TOP: 0cm" vAlign=top width="2%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 12.25pt; PADDING-TOP: 0cm" vAlign=bottom width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman">1,500</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 12.25pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 12.25pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 12.25pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman">200</FONT></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 12.25pt; PADDING-TOP: 0cm" vAlign=top width="2%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 12.25pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman">3,000</FONT></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 12.25pt; PADDING-TOP: 0cm" vAlign=top width="2%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 12.25pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman">200</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15.6pt">
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BACKGROUND: #f2f2f2; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="38%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BACKGROUND: #f2f2f2; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman">$</FONT></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BACKGROUND: #f2f2f2; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman">3,000</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BACKGROUND: #f2f2f2; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BACKGROUND: #f2f2f2; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman">$</FONT></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BACKGROUND: #f2f2f2; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman">400</FONT></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BACKGROUND: #f2f2f2; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=top width="2%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BACKGROUND: #f2f2f2; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman">$&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,000</FONT></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BACKGROUND: #f2f2f2; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=top width="2%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BACKGROUND: #f2f2f2; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400</FONT></P>
</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 21.3pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 21.3pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 21.3pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">F-10</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P>
</DIV>
<HR align=center SIZE=2 width="100%" noShade>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<A name="page_17"></A>
<a name="_bclPageBorder17"></a><DIV style="PADDING-LEFT: 0%; WIDTH: 100%; PADDING-RIGHT: 0%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 11pt" lang=EN-GB face="Times New Roman">FOCUS UNIVERSAL INC.</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 11pt" lang=EN-GB face="Times New Roman">(A DEVELOPMENT STAGE COMPANY)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 11pt" lang=EN-CA face="Times New Roman">FOR THE THREE AND SIX MONTHS ENDED SEPTEMBER 30, 2014 AND 2013,</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 11pt" lang=EN-CA face="Times New Roman">AND FOR THE PERIOD FROM INCEPTION (DECEMBER 4, 2012) TO SEPTEMBER 30, 2014</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="LINE-HEIGHT: 11pt; FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 11pt" lang=EN-GB face="Times New Roman">NOTES TO THE UNAUDITED FINANCIAL STATEMENTS</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=EN-US face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=EN-US face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><U><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Accounts Payable &#150; Related Parties</FONT></U></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 21.3pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">As at September 30, 2014 and March 31, 2014 the Company owed its directors and officers $12,400 and $6,400 respectively. These amounts represent unpaid consulting fees.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 21.3pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Note 5 &#150; Stockholders&#146; Deficit</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><U><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Shares authorized</FONT></U></I></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: 36pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">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 $0.001 per share.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=EN-US face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><U><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Common stock</FONT></U></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">On September 30, 2013, the Company sold 4,000,000 shares of its common stock at par to its directors for $4,000 in cash.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">During the year ended March 31, 2014, the Company&#146;s Registration Statement on the Form S-1 filed with the Securities and Exchange Commission was declared effective. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">As at March 31, 2014 the Company received $3,000 in common stock subscription funds. The Company completed the sale of 2,580,000 shares of common stock at $0.0125 per share for total proceeds of $32,250 during the six months ended September 30, 2014.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Note 6 &#150; Subsequent Events</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">The Company has evaluated all events that occurred after the balance sheet date through the date when the financial statements were issued on November 5, 2014 to determine if they must be reported.&nbsp; The Management of the Company determined that other than as disclosed above, there were no reportable subsequent events to be disclosed</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman">.</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman">F-11</FONT></P>
</DIV>
<a name="_bclPageBorder17"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">&nbsp;</DIV>
<HR align=center SIZE=2 width="100%" noShade>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<A name="page_18"></A>
<a name="_bclPageBorder18"></a><DIV style="PADDING-LEFT: 0%; WIDTH: 100%; PADDING-RIGHT: 0%">
<a name="_bclHeader18"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="mso-fareast-font-family: Calibri; mso-ansi-language: EN-GB"><B><FONT style="FONT-SIZE: 12pt" lang=EN-GB face="Times New Roman"></FONT></B></FONT>&nbsp;</P>
</DIV>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman">ITEM 2. MANAGEMENT&#146;S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.</FONT></B></P>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><B><I><FONT style="FONT-SIZE: 10pt" lang=EN-CA face="Times New Roman">Forward-Looking Statements and Associated Risks.</FONT></I></B></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-CA face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10pt" lang=EN-CA face="Times New Roman">The following discussion should be read in conjunction with the financial statements and the notes to those statements included elsewhere in this Quarterly Report on Form&nbsp;10-Q. This Quarterly Report on Form&nbsp;10-Q contains certain statements that are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. Certain statements contained in the MD&amp;A are forward-looking statements that involve risks and uncertainties. The forward-looking statements are not historical facts, but rather are based on current expectations, estimates, assumptions and projections about our industry, business and future financial results. Our actual results could differ materially from the results contemplated by these forward-looking statements due to a number of factors, including those discussed in other sections of this Quarterly Report on Form&nbsp;10-Q.</FONT></I></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><U><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman">Our Business</FONT></U></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=EN-GB face="Times New Roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Focus Universal Inc. (&#147;the Company&#148;, &#147;we&#148;, &#147;us&#148; or &#147;our&#148;) is an online marketing, advertising and design provider.&nbsp; We generate our revenue from providing services that include marketing, advertising and website design to small and medium sized businesses. To date, we have focused on providing one-off services, such as development of a fully functioning website or creation of a marketing strategy plan, to small business clients. We plan to expand our service offerings to include subscription-based service packages. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Our current services include:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><U><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Marketing </FONT></U></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">We offer a wide variety of online marketing service to meet our clients&#146; needs. Our services include: email marketing; search engine optimization; affiliate marketing; pay per click management; content creation; conversion rate optimization and social media marketing. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Paid Search Advertising</FONT></I></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Paid search advertising refers to search engine advertising such as Google AdWords (Yahoo and MSN have similar paid search programs available). </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman">Search advertisements are targeted to match key search terms (called&nbsp;keywords) entered on search engines. We help our clients manage their search campaigns by: </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: -18pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman">-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Selecting targeted keywords and monitoring their effectiveness. </FONT></P>
<P style="TEXT-INDENT: -18pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman">-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Creating relevant ad text that is likely to convert leads into new clients. </FONT></P>
<P style="TEXT-INDENT: -18pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman">-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Structuring and optimizing campaigns for better performance and maximum results. </FONT></P>
<P style="TEXT-INDENT: -18pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman">-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Providing monthly client reporting to communicate the strategies we&#146;ve implemented and recommendations for future improvement. </FONT></P>
<P style="TEXT-INDENT: -18pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman">-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Developing and researching possible new avenues of online marketing to build the new client base.</FONT></P>
<P style="TEXT-INDENT: -18pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Social and Viral Marketing Campaigns</FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">We help companies create innovative and interactive online campaigns that build brand awareness. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><U><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Strategy </FONT></U></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">The foundation of an effective online strategy is based upon an intimate understanding of the offering, the business, and the company&#146;s online objectives. Our strategic consulting services involve in-depth work with our clients to develop a comprehensive plan of action to meet their marketing needs for a specific amount of time. We work with clients to set objectives for each marketing campaign and use analytics to monitor the campaign&#146;s effectiveness. Our marketing strategy planning services include: digital review; research and analysis, and campaign planning.</FONT></P>
<P style="TEXT-ALIGN: center; TEXT-INDENT: -57.6pt; MARGIN: 12pt 0cm 3pt 57.6pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">16</FONT></P>
<HR align=center SIZE=2 width="100%" noShade>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV></DIV>


<A name="page_19"></A>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -57.6pt; MARGIN: 12pt 0cm 3pt 57.6pt"><I><U><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Social </FONT></U></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 3pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">We enable our customers to facilitate social media engagement with current and potential consumers. This involves utilizing the appeal of popular social networks such as Facebook, Twitter, and Pinterest. &nbsp;We generate content that is appropriate for social media use and is targeted to our clients' needs for audience engagement. This is used to increase company visibility and create social media interactions with their potential customers. These activities can also help improve our customers&#146; search engine rankings. Our social services include: social and viral marketing campaign creation and management; social media consulting; custom channel design and review; content generation; cross channel promotions.</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><I><U><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Website Design</FONT></U></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">We offer custom web design services for websites for traditional browser views, as well as sites optimized for mobile devices. Our custom design service includes the development of a unique website look and layout that is created specifically for our client. Our design team can assist with layout, as well as content creation and image sourcing. We also provide consulting services on website usability, where we help clients ensure that their website is effective and easy to use. </FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><U><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Results of operations for the three months ended September 30, 2014 compared to the three months ended September 30, 2013.</FONT></U></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Revenue, cost of sales and gross profit</FONT></I></P>
<P style="MARGIN: 0cm 0cm 0pt; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">All of our revenues are derived from custom web design, development of online and social media strategy, advertising campaign planning and social media consulting. All the work, except web development, was performed by our officers and directors. The web development was performed by an independent third party contractor. We do not have long-term contracts with any of our clients and rely on signing new clients in order to generate additional revenues. If we will not be able to attract new clients our revenue could decline and our business could be harmed. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Our gross revenue for the three months ended September 30, 2014, was $13,450, compared to $7,500 for the three months ended September 30, 2013. Our cost of revenues for the three months ended September 30, 2014, was $4,000 (September 30, 2013: $5,000) resulting in a gross profit of $9,450 (September 30, 2013: $2,500). </FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Operating Costs and Expenses </FONT></I></P>
<P style="MARGIN: 0cm 0cm 0pt"><EM><FONT size=2></FONT></EM>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">The major components of our operating expenses for the three months ended September 30, 2014 and 2013 are outlined in the table below:</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT size=2></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 434.149pt; BORDER-COLLAPSE: collapse" border=0 cellSpacing=0 cellPadding=0>
<TR style="HEIGHT: 51.15pt">
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.6pt; PADDING-RIGHT: 3.6pt; BACKGROUND: #f2f2f2; HEIGHT: 51.15pt; PADDING-TOP: 0cm" vAlign=top width="30%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.6pt; PADDING-RIGHT: 3.6pt; BACKGROUND: #f2f2f2; HEIGHT: 51.15pt; PADDING-TOP: 0cm" vAlign=top width="22%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman">For the</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman">Three Months</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman">Ended</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman">September 30,</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman">2014</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.6pt; PADDING-RIGHT: 3.6pt; BACKGROUND: #f2f2f2; HEIGHT: 51.15pt; PADDING-TOP: 0cm" vAlign=top width="4%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.6pt; PADDING-RIGHT: 3.6pt; BACKGROUND: #f2f2f2; HEIGHT: 51.15pt; PADDING-TOP: 0cm" vAlign=top width="23%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman">For the</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman">Three Months</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman">Ended</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman">September 30,</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman">2013</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.6pt; PADDING-RIGHT: 3.6pt; BACKGROUND: #f2f2f2; HEIGHT: 51.15pt; PADDING-TOP: 0cm" vAlign=top width="4%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.6pt; PADDING-RIGHT: 3.6pt; BACKGROUND: #f2f2f2; HEIGHT: 51.15pt; PADDING-TOP: 0cm" vAlign=top width="17%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman">Increase</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman">(Decrease)</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman">$</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.6pt; PADDING-RIGHT: 3.6pt; PADDING-TOP: 0cm" vAlign=top width="30%">
<P style="TEXT-INDENT: 9pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.6pt; PADDING-RIGHT: 3.6pt; PADDING-TOP: 0cm" vAlign=top width="22%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.6pt; PADDING-RIGHT: 3.6pt; PADDING-TOP: 0cm" vAlign=top width="4%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.6pt; PADDING-RIGHT: 3.6pt; PADDING-TOP: 0cm" vAlign=top width="23%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.6pt; PADDING-RIGHT: 3.6pt; PADDING-TOP: 0cm" vAlign=top width="4%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.6pt; PADDING-RIGHT: 3.6pt; PADDING-TOP: 0cm" vAlign=top width="17%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.6pt; PADDING-RIGHT: 3.6pt; BACKGROUND: #f2f2f2; PADDING-TOP: 0cm" vAlign=top width="30%">
<P style="TEXT-INDENT: 9pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman">Officer compensation</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.6pt; PADDING-RIGHT: 3.6pt; BACKGROUND: #f2f2f2; PADDING-TOP: 0cm" vAlign=top width="22%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3,000</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.6pt; PADDING-RIGHT: 3.6pt; BACKGROUND: #f2f2f2; PADDING-TOP: 0cm" vAlign=top width="4%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.6pt; PADDING-RIGHT: 3.6pt; BACKGROUND: #f2f2f2; PADDING-TOP: 0cm" vAlign=top width="23%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.6pt; PADDING-RIGHT: 3.6pt; BACKGROUND: #f2f2f2; PADDING-TOP: 0cm" vAlign=top width="4%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.6pt; PADDING-RIGHT: 3.6pt; BACKGROUND: #f2f2f2; PADDING-TOP: 0cm" vAlign=top width="17%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman">2,600</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.6pt; PADDING-RIGHT: 3.6pt; PADDING-TOP: 0cm" vAlign=top width="30%">
<P style="TEXT-INDENT: 9pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman">General and administrative</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.6pt; PADDING-RIGHT: 3.6pt; PADDING-TOP: 0cm" vAlign=top width="22%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman">9,994</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.6pt; PADDING-RIGHT: 3.6pt; PADDING-TOP: 0cm" vAlign=top width="4%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.6pt; PADDING-RIGHT: 3.6pt; PADDING-TOP: 0cm" vAlign=top width="23%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman">696</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.6pt; PADDING-RIGHT: 3.6pt; PADDING-TOP: 0cm" vAlign=top width="4%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.6pt; PADDING-RIGHT: 3.6pt; PADDING-TOP: 0cm" vAlign=top width="17%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman">9,298</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.6pt; PADDING-RIGHT: 3.6pt; BACKGROUND: #f2f2f2; PADDING-TOP: 0cm" vAlign=top width="30%">
<P style="TEXT-INDENT: 9pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman">Professional fees</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.6pt; PADDING-RIGHT: 3.6pt; BACKGROUND: #f2f2f2; PADDING-TOP: 0cm" vAlign=top width="22%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman">12,000</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.6pt; PADDING-RIGHT: 3.6pt; BACKGROUND: #f2f2f2; PADDING-TOP: 0cm" vAlign=top width="4%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.6pt; PADDING-RIGHT: 3.6pt; BACKGROUND: #f2f2f2; PADDING-TOP: 0cm" vAlign=top width="23%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman">3,000</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.6pt; PADDING-RIGHT: 3.6pt; BACKGROUND: #f2f2f2; PADDING-TOP: 0cm" vAlign=top width="4%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.6pt; PADDING-RIGHT: 3.6pt; BACKGROUND: #f2f2f2; PADDING-TOP: 0cm" vAlign=top width="17%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman">9,000</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.6pt; PADDING-RIGHT: 3.6pt; PADDING-TOP: 0cm" vAlign=top width="30%">
<P style="TEXT-INDENT: 9pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.6pt; PADDING-RIGHT: 3.6pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=top width="22%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24,994</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.6pt; PADDING-RIGHT: 3.6pt; PADDING-TOP: 0cm" vAlign=top width="4%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.6pt; PADDING-RIGHT: 3.6pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=top width="23%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman">$&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,096</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.6pt; PADDING-RIGHT: 3.6pt; PADDING-TOP: 0cm" vAlign=top width="4%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.6pt; PADDING-RIGHT: 3.6pt; PADDING-TOP: 0cm" vAlign=top width="17%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">The increase in our operating costs for the three months ended September 30, 2014, compared to the same period in our fiscal 2013, was due to an increase in our corporate activities, an increase in expenses related to implementation of our business plan and an increase in fees associated with our application to have our securities designated as trading on the OTCQB marketplace, subscription to certain OTC Markets Group&#146;s corporate services and application for DTC eligibility of our common stock. General and administrative expenses of $9,994 incurred during the three months ended September 30, 2014 consisted of filing fees of $2,090 (September 30, 2013: $200), accounting fees of $1,500 (September 30, 2013: $0), transfer agent fees of $678 (September 30, 2013: $0), office expenses of $3,852 (September 30, 2013: $0), office rent of $409(September 30, 2013: $0), travel expenses of $1,298 (September 30, 2013: $0) and bank charges of $167(September 30, 2013: $0). </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">17</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P>
<HR align=center SIZE=2 width="100%" noShade>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<A name="page_20"></A>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Consulting services provided by the President, Chief Executive Officer, Secretary and Treasurer and Chief Financial Officer for the three-month period ended September 30, 2014 and 2013 were as follows:</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 1cm; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 351.65pt; BORDER-COLLAPSE: collapse" border=0 cellSpacing=0 cellPadding=0>
<TR style="HEIGHT: 61.2pt">
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BACKGROUND: #f2f2f2; HEIGHT: 61.2pt; PADDING-TOP: 0cm" vAlign=bottom width="52%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BACKGROUND: #f2f2f2; HEIGHT: 61.2pt; PADDING-TOP: 0cm" vAlign=top width="3%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BACKGROUND: #f2f2f2; HEIGHT: 61.2pt; PADDING-TOP: 0cm" vAlign=bottom width="20%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman">For the </FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman">Three Months</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman">Ended</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman">September 30,</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman">2014</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BACKGROUND: #f2f2f2; HEIGHT: 61.2pt; PADDING-TOP: 0cm" vAlign=bottom width="5%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BACKGROUND: #f2f2f2; HEIGHT: 61.2pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" colSpan=2>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman">For the </FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman">Three Months</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman">Ended</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman">September 30,</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman">2013</FONT></P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="52%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="3%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="20%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="5%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="18%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 13.05pt">
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BACKGROUND: #f2f2f2; HEIGHT: 13.05pt; PADDING-TOP: 0cm" vAlign=bottom width="52%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman">President, Chief Executive Officer</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BACKGROUND: #f2f2f2; HEIGHT: 13.05pt; PADDING-TOP: 0cm" vAlign=bottom width="3%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman">$</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BACKGROUND: #f2f2f2; HEIGHT: 13.05pt; PADDING-TOP: 0cm" vAlign=bottom width="20%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman">1,500</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BACKGROUND: #f2f2f2; HEIGHT: 13.05pt; PADDING-TOP: 0cm" vAlign=bottom width="5%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BACKGROUND: #f2f2f2; HEIGHT: 13.05pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman">$</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BACKGROUND: #f2f2f2; HEIGHT: 13.05pt; PADDING-TOP: 0cm" vAlign=bottom width="18%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman">200</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.25pt">
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 12.25pt; PADDING-TOP: 0cm" vAlign=bottom width="52%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman">Chief Financial Officer, Secretary and Treasurer</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 12.25pt; PADDING-TOP: 0cm" vAlign=top width="3%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 12.25pt; PADDING-TOP: 0cm" vAlign=bottom width="20%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman">1,500</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 12.25pt; PADDING-TOP: 0cm" vAlign=bottom width="5%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 12.25pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 12.25pt; PADDING-TOP: 0cm" vAlign=bottom width="18%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman">200</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15.6pt">
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BACKGROUND: #f2f2f2; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="52%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BACKGROUND: #f2f2f2; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="3%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman">$</FONT></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BACKGROUND: #f2f2f2; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="20%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman">3,000</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BACKGROUND: #f2f2f2; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="5%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BACKGROUND: #f2f2f2; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman">$</FONT></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BACKGROUND: #f2f2f2; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="18%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman">400</FONT></P>
</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">As at September 30, 2014 and March 31, 2014 the Company owed its directors and officers $12,400 and $6,400 respectively. These amounts represent unpaid consulting fees.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><U><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT></U></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><U><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Results of operations for the six months ended September 30, 2014 compared to the six months ended September 30, 2013.</FONT></U></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0pt 0pt 0cm"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Revenue, cost of sales and gross profit</FONT></I></P>
<P style="MARGIN: 0cm 0cm 0pt; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; punctuation-wrap: simple"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Our gross revenue for the six months ended September 30, 2014, was $20,150, compared to $7,500 for the six months ended September 30, 2013. Our cost of revenues for the six months ended September 30, 2014, was $9,000 (September 30, 2013: $5,000) resulting in a gross profit of $11,150 (September 30, 2013: $2,500). </FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Operating Costs and Expenses</FONT></I></P>
<P style="MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">The major components of our operating expenses for the six months ended September 30, 2014 and 2013 are outlined in the table below:</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT size=2></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 434.149pt; BORDER-COLLAPSE: collapse" border=0 cellSpacing=0 cellPadding=0>
<TR style="HEIGHT: 51.15pt">
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.6pt; PADDING-RIGHT: 3.6pt; BACKGROUND: #f2f2f2; HEIGHT: 51.15pt; PADDING-TOP: 0cm" vAlign=top width="30%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.6pt; PADDING-RIGHT: 3.6pt; BACKGROUND: #f2f2f2; HEIGHT: 51.15pt; PADDING-TOP: 0cm" vAlign=top width="22%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman">For the</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman">Six Months</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman">Ended</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman">September 30,</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman">2014</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.6pt; PADDING-RIGHT: 3.6pt; BACKGROUND: #f2f2f2; HEIGHT: 51.15pt; PADDING-TOP: 0cm" vAlign=top width="4%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.6pt; PADDING-RIGHT: 3.6pt; BACKGROUND: #f2f2f2; HEIGHT: 51.15pt; PADDING-TOP: 0cm" vAlign=top width="23%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman">For the</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman">Six Months</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman">Ended</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman">September 30,</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman">2013</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.6pt; PADDING-RIGHT: 3.6pt; BACKGROUND: #f2f2f2; HEIGHT: 51.15pt; PADDING-TOP: 0cm" vAlign=top width="4%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.6pt; PADDING-RIGHT: 3.6pt; BACKGROUND: #f2f2f2; HEIGHT: 51.15pt; PADDING-TOP: 0cm" vAlign=top width="17%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman">Increase</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman">(Decrease)</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman">$</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.6pt; PADDING-RIGHT: 3.6pt; PADDING-TOP: 0cm" vAlign=top width="30%">
<P style="TEXT-INDENT: 9pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.6pt; PADDING-RIGHT: 3.6pt; PADDING-TOP: 0cm" vAlign=top width="22%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.6pt; PADDING-RIGHT: 3.6pt; PADDING-TOP: 0cm" vAlign=top width="4%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.6pt; PADDING-RIGHT: 3.6pt; PADDING-TOP: 0cm" vAlign=top width="23%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.6pt; PADDING-RIGHT: 3.6pt; PADDING-TOP: 0cm" vAlign=top width="4%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.6pt; PADDING-RIGHT: 3.6pt; PADDING-TOP: 0cm" vAlign=top width="17%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.6pt; PADDING-RIGHT: 3.6pt; BACKGROUND: #f2f2f2; PADDING-TOP: 0cm" vAlign=top width="30%">
<P style="TEXT-INDENT: 9pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman">Officer compensation</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.6pt; PADDING-RIGHT: 3.6pt; BACKGROUND: #f2f2f2; PADDING-TOP: 0cm" vAlign=top width="22%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6,000</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.6pt; PADDING-RIGHT: 3.6pt; BACKGROUND: #f2f2f2; PADDING-TOP: 0cm" vAlign=top width="4%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.6pt; PADDING-RIGHT: 3.6pt; BACKGROUND: #f2f2f2; PADDING-TOP: 0cm" vAlign=top width="23%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.6pt; PADDING-RIGHT: 3.6pt; BACKGROUND: #f2f2f2; PADDING-TOP: 0cm" vAlign=top width="4%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.6pt; PADDING-RIGHT: 3.6pt; BACKGROUND: #f2f2f2; PADDING-TOP: 0cm" vAlign=top width="17%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman">5,400</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.6pt; PADDING-RIGHT: 3.6pt; PADDING-TOP: 0cm" vAlign=top width="30%">
<P style="TEXT-INDENT: 9pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman">General and administrative</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.6pt; PADDING-RIGHT: 3.6pt; PADDING-TOP: 0cm" vAlign=top width="22%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman">26,731</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.6pt; PADDING-RIGHT: 3.6pt; PADDING-TOP: 0cm" vAlign=top width="4%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.6pt; PADDING-RIGHT: 3.6pt; PADDING-TOP: 0cm" vAlign=top width="23%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman">696</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.6pt; PADDING-RIGHT: 3.6pt; PADDING-TOP: 0cm" vAlign=top width="4%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.6pt; PADDING-RIGHT: 3.6pt; PADDING-TOP: 0cm" vAlign=top width="17%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman">26,035</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.6pt; PADDING-RIGHT: 3.6pt; BACKGROUND: #f2f2f2; PADDING-TOP: 0cm" vAlign=top width="30%">
<P style="TEXT-INDENT: 9pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman">Professional fees</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.6pt; PADDING-RIGHT: 3.6pt; BACKGROUND: #f2f2f2; PADDING-TOP: 0cm" vAlign=top width="22%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman">15,500</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.6pt; PADDING-RIGHT: 3.6pt; BACKGROUND: #f2f2f2; PADDING-TOP: 0cm" vAlign=top width="4%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.6pt; PADDING-RIGHT: 3.6pt; BACKGROUND: #f2f2f2; PADDING-TOP: 0cm" vAlign=top width="23%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman">3,000</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.6pt; PADDING-RIGHT: 3.6pt; BACKGROUND: #f2f2f2; PADDING-TOP: 0cm" vAlign=top width="4%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.6pt; PADDING-RIGHT: 3.6pt; BACKGROUND: #f2f2f2; PADDING-TOP: 0cm" vAlign=top width="17%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman">12,500</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.6pt; PADDING-RIGHT: 3.6pt; PADDING-TOP: 0cm" vAlign=top width="30%">
<P style="TEXT-INDENT: 9pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.6pt; PADDING-RIGHT: 3.6pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=top width="22%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48,231</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.6pt; PADDING-RIGHT: 3.6pt; PADDING-TOP: 0cm" vAlign=top width="4%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.6pt; PADDING-RIGHT: 3.6pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=top width="23%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman">$&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,096</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.6pt; PADDING-RIGHT: 3.6pt; PADDING-TOP: 0cm" vAlign=top width="4%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.6pt; PADDING-RIGHT: 3.6pt; PADDING-TOP: 0cm" vAlign=top width="17%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">The increase in our operating costs for the three months ended June 30, 2014, compared to the same period in our fiscal 2013, was due to an increase in our corporate activities, an increase in expenses related to implementation of our business plan and an increase in professional fees associated with an audit of our annual financial statements and filing of our Annual and Quarterly Reports, application to have our securities designated as trading on the OTCQB marketplace, subscription to certain OTC Markets Group&#146;s corporate services and application for DTC eligibility of our common stock. General and administrative expenses of $26,731 incurred during the six months ended September 30, 2014 consisted of filing fees of $4,590 (September 30, 2013: $200), accounting fees of $3,500 (September 30, 2013: $0), transfer agent fees of $12,512 (September 30, 2013: $0), office expenses of $3,852 (September 30, 2013: $0), office rent of $796 (September 30, 2013: $0), travel expenses of $1,298 (September 30, 2013: $0) and bank charges of $183 (September 30, 2013: $0). </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Consulting services provided by the President, Chief Executive Officer, Secretary and Treasurer and Chief Financial Officer for the six-month period ended September 30, 2014 and 2013 were as follows:</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 1cm; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 1cm; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">18</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P>
<HR align=center SIZE=2 width="100%" noShade>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<A name="page_21"></A>
<DIV align=left>
<TABLE style="WIDTH: 351.65pt; BORDER-COLLAPSE: collapse" border=0 cellSpacing=0 cellPadding=0>
<TR style="HEIGHT: 61.2pt">
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BACKGROUND: #f2f2f2; HEIGHT: 61.2pt; PADDING-TOP: 0cm" vAlign=bottom width="52%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BACKGROUND: #f2f2f2; HEIGHT: 61.2pt; PADDING-TOP: 0cm" vAlign=top width="3%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BACKGROUND: #f2f2f2; HEIGHT: 61.2pt; PADDING-TOP: 0cm" vAlign=bottom width="20%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman">For the </FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman">Six Months</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman">Ended</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman">September 30,</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman">2014</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BACKGROUND: #f2f2f2; HEIGHT: 61.2pt; PADDING-TOP: 0cm" vAlign=bottom width="5%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BACKGROUND: #f2f2f2; HEIGHT: 61.2pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" colSpan=2>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman">For the </FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman">Six Months</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman">Ended</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman">September 30,</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman">2013</FONT></P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="52%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="3%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="20%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="5%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="18%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 13.05pt">
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BACKGROUND: #f2f2f2; HEIGHT: 13.05pt; PADDING-TOP: 0cm" vAlign=bottom width="52%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman">President, Chief Executive Officer</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BACKGROUND: #f2f2f2; HEIGHT: 13.05pt; PADDING-TOP: 0cm" vAlign=bottom width="3%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman">$</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BACKGROUND: #f2f2f2; HEIGHT: 13.05pt; PADDING-TOP: 0cm" vAlign=bottom width="20%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman">3,000</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BACKGROUND: #f2f2f2; HEIGHT: 13.05pt; PADDING-TOP: 0cm" vAlign=bottom width="5%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BACKGROUND: #f2f2f2; HEIGHT: 13.05pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman">$</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BACKGROUND: #f2f2f2; HEIGHT: 13.05pt; PADDING-TOP: 0cm" vAlign=bottom width="18%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman">200</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.25pt">
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 12.25pt; PADDING-TOP: 0cm" vAlign=bottom width="52%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman">Chief Financial Officer, Secretary and Treasurer</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 12.25pt; PADDING-TOP: 0cm" vAlign=top width="3%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 12.25pt; PADDING-TOP: 0cm" vAlign=bottom width="20%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman">3,000</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 12.25pt; PADDING-TOP: 0cm" vAlign=bottom width="5%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 12.25pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 12.25pt; PADDING-TOP: 0cm" vAlign=bottom width="18%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman">200</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15.6pt">
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BACKGROUND: #f2f2f2; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="52%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BACKGROUND: #f2f2f2; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="3%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman">$</FONT></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BACKGROUND: #f2f2f2; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="20%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman">6,000</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BACKGROUND: #f2f2f2; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="5%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BACKGROUND: #f2f2f2; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman">$</FONT></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BACKGROUND: #f2f2f2; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="18%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman">400</FONT></P>
</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=EN-GB face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><U><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman">OTCBB and OTCQB quotation</FONT></U></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman">Our common stock has been quoted on the OTC Bulletin Board since July 31, 2014 under the symbol &#147;FCUV&#148;. During the quarter ended September 30, 2014 the Company filed an application with the </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">OTC Markets Group, Inc</FONT><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">. </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">to be quoted on the OTCQB quotation medium. Our application was approved on September 22, 2014 and our common stock has been quoted on the OTC Links under the symbol &#147;FCUV&#148; effective September 23, 2014. We paid a one-time $2,500 application fee and $10,000 annual fees that covers a period from September 1, 2014 to August 31, 2015.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">&nbsp;To be eligible for trading on the OTCQB marketplace, starting May 1, 2014, companies are required to:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-INDENT: -18pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="FONT-SIZE: 10pt" lang=EN-CA face="Times New Roman">-</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-CA face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-CA face="Times New Roman">Meet a minimum bid price test of $0.01 and not be subject to bankruptcy or reorganization proceedings. Securities that do not meet the minimum bid price test or that are in bankruptcy will be downgraded to OTC Pink;</FONT></P>
<P style="TEXT-INDENT: -18pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="FONT-SIZE: 10pt" lang=EN-CA face="Times New Roman">-</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-CA face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-CA face="Times New Roman">Submit an application to OTCQB and pay an application and annual fee;</FONT></P>
<P style="TEXT-INDENT: -18pt; MARGIN: 0cm 0cm 0pt 36pt"><FONT style="FONT-SIZE: 10pt" lang=EN-CA face="Times New Roman">-</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-CA face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-CA face="Times New Roman">Submit an OTCQB Annual Certification confirming the Company Profile displayed on otcmarkets.com is current </FONT></P>
<P style="TEXT-INDENT: 36pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-CA face="Times New Roman">and complete and providing additional information on officers, directors, and controlling shareholders.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 11pt" lang=EN-CA face="Times New Roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Liquidity and Capital Resources</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 500pt; BORDER-COLLAPSE: collapse" border=0 cellSpacing=0 cellPadding=0>
<TR style="HEIGHT: 67.15pt">
     <TD style="HEIGHT: 67.15pt" vAlign=top width="41%">
<P style="MARGIN: 0cm 0cm 0pt"><I><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Working Capital</FONT></U></I><I><FONT style="FONT-SIZE: 10pt" face="Times New Roman"> </FONT></I></P>
</TD>
     <TD style="HEIGHT: 67.15pt" vAlign=top width="3%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 67.15pt" vAlign=bottom width="28%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman"><BR>
</FONT><B><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman">September 30,</FONT></U></B><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman"> </FONT></U><B><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman">2014</FONT></U></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 67.15pt" vAlign=top width="4%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 67.15pt" vAlign=bottom width="24%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman">March 31,</FONT></U></B><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman"> </FONT></U><B><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman">2014</FONT></U></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT></B>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #f2f2f2" vAlign=top width="41%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Current Assets </FONT></P>
</TD>
     <TD style="BACKGROUND: #f2f2f2" vAlign=top width="3%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">$</FONT></P>
</TD>
     <TD style="BACKGROUND: #f2f2f2" vAlign=top width="28%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 11.95pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">9,531</FONT></P>
</TD>
     <TD style="BACKGROUND: #f2f2f2" vAlign=top width="4%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">$</FONT></P>
</TD>
     <TD style="BACKGROUND: #f2f2f2" vAlign=top width="24%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 11.95pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">7,716</FONT></P>
</TD></TR>
<TR>
     <TD vAlign=top width="41%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Current Liabilities </FONT></P>
</TD>
     <TD vAlign=top width="3%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">$</FONT></P>
</TD>
     <TD vAlign=top width="28%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 11.95pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(33,216)</FONT></P>
</TD>
     <TD vAlign=top width="4%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">$</FONT></P>
</TD>
     <TD vAlign=top width="24%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 11.95pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(23,570) </FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #f2f2f2" vAlign=top width="41%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Working Capital Deficiency</FONT></P>
</TD>
     <TD style="BACKGROUND: #f2f2f2" vAlign=top width="3%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">$</FONT></P>
</TD>
     <TD style="BACKGROUND: #f2f2f2" vAlign=top width="28%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 11.95pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(23,685)</FONT></P>
</TD>
     <TD style="BACKGROUND: #f2f2f2" vAlign=top width="4%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">$</FONT></P>
</TD>
     <TD style="BACKGROUND: #f2f2f2" vAlign=top width="24%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 11.95pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(15,854)</FONT></P>
</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><I><U><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Cash Flows</FONT></U></I><I><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"> </FONT></I></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">The table below, for the periods indicated, provides selected cash flow information:</FONT></P>
<DIV align=left>
<TABLE style="WIDTH: 500pt; BORDER-COLLAPSE: collapse" border=0 cellSpacing=0 cellPadding=0>
<TR style="HEIGHT: 53.7pt">
     <TD style="HEIGHT: 53.7pt" vAlign=top width="52%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 53.7pt" vAlign=top width="3%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 53.7pt" vAlign=bottom width="21%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Six Months</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Ended</FONT></B><FONT style="FONT-SIZE: 10pt" face="Times New Roman"> <BR>
</FONT><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">September 30,</FONT></B><FONT style="FONT-SIZE: 10pt" face="Times New Roman"> <BR>
</FONT><B><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman">2014</FONT></U></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 53.7pt" vAlign=top width="3%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 53.7pt" vAlign=bottom width="21%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Six Months</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Ended</FONT></B><FONT style="FONT-SIZE: 10pt" face="Times New Roman"><BR>
</FONT><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">September 30,</FONT></B><FONT style="FONT-SIZE: 10pt" face="Times New Roman"> <BR>
</FONT><B><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman">2013</FONT></U></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman"></FONT></B>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #f2f2f2" vAlign=top width="52%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Cash provided by (used in) operating activities </FONT></P>
</TD>
     <TD style="BACKGROUND: #f2f2f2" vAlign=top width="3%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">$</FONT></P>
</TD>
     <TD style="BACKGROUND: #f2f2f2" vAlign=top width="21%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 12.3pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(36,473)</FONT></P>
</TD>
     <TD style="BACKGROUND: #f2f2f2" vAlign=top width="3%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">$</FONT></P>
</TD>
     <TD style="BACKGROUND: #f2f2f2" vAlign=top width="21%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 12.3pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">8,416</FONT></P>
</TD></TR>
<TR>
     <TD vAlign=top width="52%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Cash provided by (used in) investing activities </FONT></P>
</TD>
     <TD vAlign=top width="3%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">$</FONT></P>
</TD>
     <TD vAlign=top width="21%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 12.3pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">-</FONT></P>
</TD>
     <TD vAlign=top width="3%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">$</FONT></P>
</TD>
     <TD vAlign=top width="21%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 12.3pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">- </FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #f2f2f2" vAlign=top width="52%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Cash provided by financing activities </FONT></P>
</TD>
     <TD style="BACKGROUND: #f2f2f2" vAlign=top width="3%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">$</FONT></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND: #f2f2f2" vAlign=top width="21%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 12.3pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">29,250</FONT></P>
</TD>
     <TD style="BACKGROUND: #f2f2f2" vAlign=top width="3%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">$</FONT></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND: #f2f2f2" vAlign=top width="21%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 12.3pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">4,000</FONT></P>
</TD></TR>
<TR>
     <TD vAlign=top width="52%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Net increase (decrease) in cash </FONT></P>
</TD>
     <TD vAlign=top width="3%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">$</FONT></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 2pt double" vAlign=top width="21%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 12.3pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">(7,223)</FONT></P>
</TD>
     <TD vAlign=top width="3%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">$</FONT></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 2pt double" vAlign=top width="21%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 12.3pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman">12,416</FONT></P>
</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">We have generated revenues of $20,150 during the six months ended September 30, 2014. &nbsp;In addition to cash received from web design and social media consulting services, during the six months ended September 30, 2014 we received proceeds of $29,250 from sale of shares of our common stock. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT size=2></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">19</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P>
<HR align=center SIZE=2 width="100%" noShade>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<A name="page_22"></A>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">During the year ended March 31, 2014, the Company&#146;s Registration Statement on the Form S-1 filed with the Securities and Exchange Commission was declared effective. As at March 31, 2014 the Company received $3,000 in common stock subscription funds. The Company completed the sale of 2,580,000 shares of common stock at $0.0125 per share for total proceeds of $32,250 during the six months ended September 30, 2014. During the six months ended September 30, 2013 the Company sold 4,000,000 shares of its common stock at par to its directors for $4,000 in cash.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">We anticipate that for the next 12 months we will be generating cash from the same revenue stream. However, we have incurred losses from December 4, 2012 (Inception) to date and our cash balance at September 30, 2014 was $185.&nbsp; , </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-CA face="Times New Roman">We intend to finance our internal growth with cash on hand, cash provided from operations, borrowings, debt or equity offerings, or some combination thereof.&nbsp;&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-CA face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman">Cash Flows from Operating Activities</FONT></I></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman">Our cash flows used in operating activities represent the most significant use of the funds we have generated from our financing activities.. The major uses of our operating cash include funding general operating expenses (marketing, travel, legal and professional expenses, and office rent) and cost of revenues. </FONT></P>
<P style="TEXT-INDENT: 36pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman">The net cash used in operating activities of $36,473 for the six months ended September 30, 2014 was primarily the result of our net loss of $37,081, and changes in our operating assets and liabilities. These changes include an increase in prepaid expenses of $9,038, in accounts payable and accrued liabilities of $3,646 and in amounts due to related party of $6,000. The increase in prepaid expenses was due to the payment of </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">$10,000 annual fees to OTC Markets Group Inc. that covers a period from September 1, 2014 to August 31, 2015. As of September 30, 2014 the Company expensed a portion of these fees for the month of September in the amount of $654. </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman">The increase in accounts payable and accrued liabilities reflected the increase in our general operating expenses incurred during the six months ended September 30, 2014 that remained unpaid at the end of the reporting period. The increase in amounts due to related party represent a portion of management consulting fees charged to the company by its officers that remained unpaid at the end of the quarter. </FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman">The net cash generated by operating activities of $8,416 for the six months ended September 30, 2013 was primarily the result of our net loss of $1,596, and changes in our operating assets and liabilities. These changes include an increase in accounts payable and accrued liabilities of $9,960 and in amounts due to related party of $52. The increase in accounts payable and accrued liabilities reflected the increase in our general operating expenses incurred during the six months ended September 30, 2013 that remained unpaid at the end of the reporting period. The increase in amounts due to related party represent a portion of expenses incurred on behalf of the company by its officers that remained unpaid at the end of the quarter. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman">We expect that cash provided by (used in) operating activities may fluctuate in future periods as a result of a number of factors including fluctuations in our net revenues and operating results, utilization of new revenue streams, collection of accounts receivable, and timing of billings and payments. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman"></FONT></I></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman">Cash Flows from Investing Activities</FONT></I></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman">We did not generate or use any cash from investing activities during the six months ended September 30, 2014 and 2013. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman">Cash Flows from Financing Activities</FONT></I></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">During the year ended March 31, 2014, the Company&#146;s Registration Statement on the Form S-1 filed with the Securities and Exchange Commission was declared effective. As at March 31, 2014 the Company received $3,000 in common stock subscription funds. We completed the sale of 2,580,000 shares of common stock at $0.0125 per share for total proceeds of $32,250 and received the balance of $29,250 funds during the six months ended September 30, 2014.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">During the six months ended September 30, 2013 the Company sold 4,000,000 shares of its common stock at par to its directors for $4,000 in cash.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Management expects to keep operating costs to a minimum until cash is available through financing or operating activities. Management plans to continue to seek, in addition to equity financing, other sources of financing (e.g. bank loan, line of credit, shareholder loan) on favorable terms; however, there are no assurances that any such financing can be obtained on favorable terms, if at all. &nbsp;&nbsp;If we are unable to generate profits sufficient to cover our operating costs or unable to obtain additional funds for our working capital needs, we may need to cease or curtail operations. &nbsp;Furthermore, there is no assurance the net proceeds from any successful financing arrangement will be sufficient to cover cash requirements during the initial stages of the Company&#146;s operations. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">20</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt">&nbsp;</P>
<HR align=center SIZE=2 width="100%" noShade>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<A name="page_23"></A>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=EN-CA face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-CA face="Times New Roman">Recent Accounting Pronouncements</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-CA face="Times New Roman">&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-CA face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-CA face="Times New Roman">See Note 2 to the Financial Statements.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-CA face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-CA face="Times New Roman">Off Balance Sheet Arrangements</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-CA face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-GB color=black face="Times New Roman">As of September 30, 2014, we did not have any significant off-balance-sheet arrangements, as defined in Item&nbsp;303(a)(4)(ii) of Regulation&nbsp;S-K.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-CA face="Times New Roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-CA face="Times New Roman">ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-CA face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-GB color=black face="Times New Roman">We are a smaller reporting company as defined by Rule 12b-2 of the Exchange Act and are not required to provide the information required under this item.</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-CA face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-GB color=black face="Times New Roman">ITEM 4. CONTROLS AND PROCEDURES.</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-CA face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-GB color=black face="Times New Roman">Evaluation of Disclosure Controls and Procedures</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-CA face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-GB color=black face="Times New Roman">Under the supervision and with the participation of our management, including our principal executive officer and principal financial officer, we have conducted an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures, as defined in Rules 13a-15(e) and 15d-15(e) under the Securities and Exchange Act of 1934, as of the end of the period covered by this report. &nbsp;Based on this evaluation, our principal executive officer and principal financial officer concluded as of the evaluation date that our disclosure controls and procedures were effective such that the material information required to be included in our Securities and Exchange Commission reports is recorded, processed, summarized and reported within the time periods specified in SEC rules and forms relating to our company, particularly during the period when this report was being prepared.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-CA face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-GB color=black face="Times New Roman">Additionally, there were no significant changes in our internal controls or in other factors that could significantly affect these controls subsequent to the evaluation date. &nbsp;We have not identified any significant deficiencies or material weaknesses in our internal controls, and therefore there were no corrective actions taken.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-GB color=black face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-GB color=black face="Times New Roman">PART II &#150; OTHER INFORMATION</FONT></B></P>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-GB color=black face="Times New Roman">ITEM 1.&nbsp; LEGAL PROCEEDINGS.</FONT></B></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-CA face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">We were not subject to any legal proceedings during the six-month periods ended September 30, 2014 and 2013 and </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-GB color=black face="Times New Roman">currently we are not involved in any pending litigation or legal proceeding.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-GB color=black face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">ITEM 1A. RISK FACTORS.</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"><BR>
<BR>
</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.&nbsp;</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.</FONT></B></P>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman">All shares sold during the six months ended September 30, 2014 were sold pursuant to the </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Company&#146;s Registration Statement on the Form S-1/A filed with the Securities and Exchange Commission and declared effective March 14, 2014.</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">ITEM 3. DEFAULTS UPON SENIOR SECURITIES.</FONT></B></P>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">No senior securities were issued and outstanding during the six-month periods ended September 30, 2014 or 2013.</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">ITEM 4. MINE SAFETY DISCLOSURES.</FONT></B></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Not applicable to our Company.</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">21</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT></B>&nbsp;</P>
<HR align=center SIZE=2 width="100%" noShade>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<A name="page_24"></A>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">ITEM 5. OTHER INFORMATION.</FONT></B></P>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman">Our common stock has been quoted on the OTC Bulletin Board and on the OTC Link since July 31, 2014 under the symbol &#147;FCUV&#148;.&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">ITEM 6. EXHIBITS</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"><BR>
&nbsp;<BR>
The following documents are filed as a part of this report or are incorporated by reference to previous filings, if so indicated:</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-CA face="Times New Roman">EXHIBIT</FONT></B></P>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-CA face="Times New Roman">NUMBER&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DESCRIPTION</FONT></B></P>
<DIV align=left>
<TABLE style="WIDTH: 1000pt" border=0 cellSpacing=0 cellPadding=0>
<TR>
     <TD style="BACKGROUND: #f2f2f2" vAlign=top width="4%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-CA face="Times New Roman">4</FONT></P>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-CA face="Times New Roman">3.1</FONT></P>
</TD>
     <TD style="BACKGROUND: #f2f2f2" vAlign=top width="2%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-CA face="Times New Roman">&nbsp; </FONT></P>
</TD>
     <TD style="BACKGROUND: #f2f2f2" vAlign=top width="94%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-CA face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-CA face="Times New Roman">Articles of Incorporation. Incorporated by reference to the Company&#146;s Registration Statement on Form S-1 filed with the SEC on December 26, 2013.</FONT></P>
</TD></TR>
<TR>
     <TD vAlign=top width="4%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-CA face="Times New Roman">3.2</FONT></P>
</TD>
     <TD vAlign=top width="2%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-CA face="Times New Roman">&nbsp; </FONT></P>
</TD>
     <TD vAlign=top width="94%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-CA face="Times New Roman">Bylaws. Incorporated by reference to the Company&#146;s Registration Statement on Form S-1 filed with the SEC on December 26, 2013.</FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #f2f2f2" vAlign=top width="4%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-CA face="Times New Roman">4.2</FONT></P>
</TD>
     <TD style="BACKGROUND: #f2f2f2" vAlign=top width="2%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-CA face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #f2f2f2" vAlign=top width="94%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-CA face="Times New Roman">Subscription Agreement. Incorporated by reference to the Company&#146;s Registration Statement on Form S-1 filed with the SEC on December 26, 2013.</FONT></P>
</TD></TR>
<TR>
     <TD vAlign=top width="4%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-CA face="Times New Roman">10.1</FONT></P>
</TD>
     <TD vAlign=top width="2%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-CA face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=top width="94%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-CA face="Times New Roman">Consulting Agreement (President). Incorporated by reference to the Company&#146;s Registration Statement on Form S-1 filed with the SEC on December 26, 2013.</FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #f2f2f2" vAlign=top width="4%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-CA face="Times New Roman">10.2</FONT></P>
</TD>
     <TD style="BACKGROUND: #f2f2f2" vAlign=top width="2%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-CA face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #f2f2f2" vAlign=top width="94%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-CA face="Times New Roman">Consulting Agreement (C.F.O.). Incorporated by reference to the Company&#146;s Registration Statement on Form S-1 filed with the SEC on December 26, 2013.</FONT></P>
</TD></TR>
<TR>
     <TD vAlign=top width="4%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-CA face="Times New Roman">31.1</FONT></P>
</TD>
     <TD vAlign=top width="2%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-CA face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=top width="94%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-CA face="Times New Roman">Certification of the Chief Executive Officer pursuant to Rules 13a-14(a) and 15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002*</FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #f2f2f2" vAlign=top width="4%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-CA face="Times New Roman">31.2</FONT></P>
</TD>
     <TD style="BACKGROUND: #f2f2f2" vAlign=top width="2%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-CA face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #f2f2f2" vAlign=top width="94%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-CA face="Times New Roman">Certification of the Chief Financial Officer pursuant to Rules 13a-14(a) and 15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.*</FONT></P>
</TD></TR>
<TR>
     <TD vAlign=top width="4%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-CA face="Times New Roman">32.1</FONT></P>
</TD>
     <TD vAlign=top width="2%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-CA face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=top width="94%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-CA face="Times New Roman">Certification of the Chief Executive Officer pursuant to 18 U.S.C Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.*</FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #f2f2f2" vAlign=top width="4%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-CA face="Times New Roman">32.2</FONT></P>
</TD>
     <TD style="BACKGROUND: #f2f2f2" vAlign=top width="2%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-CA face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #f2f2f2" vAlign=top width="94%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-CA face="Times New Roman">Certification of the Chief Financial Officer pursuant to 18 U.S.C Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002*</FONT></P>
</TD></TR>
<TR>
     <TD vAlign=top width="4%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-CA face="Times New Roman">101.INS&nbsp;</FONT></P>
</TD>
     <TD vAlign=top width="2%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-CA face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=top width="94%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-CA face="Times New Roman">XBRL Instance Document **</FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #f2f2f2" vAlign=top width="4%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-CA face="Times New Roman">101.SCH&nbsp;</FONT></P>
</TD>
     <TD style="BACKGROUND: #f2f2f2" vAlign=top width="2%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-CA face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #f2f2f2" vAlign=top width="94%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-CA face="Times New Roman">XBRL Taxonomy Extension Schema Document **</FONT></P>
</TD></TR>
<TR>
     <TD vAlign=top width="4%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-CA face="Times New Roman">101.CAL&nbsp;</FONT></P>
</TD>
     <TD vAlign=top width="2%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-CA face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=top width="94%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-CA face="Times New Roman">XBRL Taxonomy Extension Calculation Linkbase Document **</FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #f2f2f2" vAlign=top width="4%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-CA face="Times New Roman">101.DEF&nbsp;</FONT></P>
</TD>
     <TD style="BACKGROUND: #f2f2f2" vAlign=top width="2%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-CA face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #f2f2f2" vAlign=top width="94%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-CA face="Times New Roman">XBRL Taxonomy Extension Definition Linkbase Document **</FONT></P>
</TD></TR>
<TR>
     <TD vAlign=top width="4%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-CA face="Times New Roman">101.LAB&nbsp;</FONT></P>
</TD>
     <TD vAlign=top width="2%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-CA face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=top width="94%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-CA face="Times New Roman">XBRL Taxonomy Extension Label Linkbase Document **</FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #f2f2f2" vAlign=top width="4%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-CA face="Times New Roman">101.PRE&nbsp;</FONT></P>
</TD>
     <TD style="BACKGROUND: #f2f2f2" vAlign=top width="2%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-CA face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #f2f2f2" vAlign=top width="94%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-CA face="Times New Roman">XBRL Taxonomy Extension Presentation Linkbase Document **</FONT></P>
</TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-CA face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-CA face="Times New Roman">&nbsp;&nbsp;&nbsp;*&nbsp;&nbsp;Filed herewith.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-CA face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-CA face="Times New Roman">** XBRL (Extensible Business Reporting Language) information is furnished and not filed or a part of a registration statement or prospectus for purposes of Sections&nbsp;11 or 12 of the Securities Act of 1933, as amended, is deemed not filed for purposes of Section&nbsp;18 of the Securities Exchange Act of 1934, as amended, and otherwise is not subject to liability under these sections.</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-CA face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-CA face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-CA face="Times New Roman">22</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P>
<HR align=center SIZE=2 width="100%" noShade>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<A name="page_25"></A>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-GB color=black face="Times New Roman">SIGNATURES</FONT></B></P>
<P style="MARGIN: 0cm 0cm 0pt"><STRONG><FONT size=2></FONT></STRONG>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 10pt" lang=EN-GB color=black face="Times New Roman">Pursuant to the requirements 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.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 10pt" lang=EN-GB color=black face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 10pt" lang=EN-GB color=black face="Times New Roman">Date: November 10, 2014</FONT></P>
<DIV align=left>
<TABLE style="WIDTH: 700pt" border=0 cellSpacing=0 cellPadding=0>
<TR>
     <TD vAlign=top>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="52%" colSpan=2>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman">FOCUS UNIVERSAL INC.</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt">
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt" colSpan=2>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt" width="47%">
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD vAlign=top width="48%" colSpan=2>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=top width="5%">
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman">By: </FONT></P>
</TD>
     <TD style="BORDER-BOTTOM: black 1pt solid" vAlign=top width="47%">
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman">/s/&nbsp; Tatyana Popova</FONT></P>
</TD></TR>
<TR>
     <TD vAlign=top width="48%" colSpan=2>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=top width="5%">
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman">&nbsp; </FONT></P>
</TD>
     <TD vAlign=top width="47%">
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman">Tatyana Popova</FONT></P>
</TD></TR>
<TR>
     <TD vAlign=top width="48%" colSpan=2>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=top width="5%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman">&nbsp; </FONT></P>
</TD>
     <TD vAlign=top width="47%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman">President, Chief Executive Officer (Principal Executive Officer) and Director</FONT></P>
</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman">In accordance with the Exchange Act, this report has been signed below by the following persons on behalf of Focus Universal Inc. and in the capacities and on the dates indicated.</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 700pt; BORDER-COLLAPSE: collapse" border=0 cellSpacing=0 cellPadding=0>
<TR>
     <TD style="BORDER-BOTTOM: black 1pt solid" vAlign=top width="30%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">SIGNATURES</FONT></P>
</TD>
     <TD vAlign=top width="5%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: black 1pt solid" vAlign=top width="30%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">TITLE</FONT></P>
</TD>
     <TD vAlign=top width="5%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: black 1pt solid" vAlign=top width="30%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">DATE </FONT></P>
</TD></TR>
<TR>
     <TD width="30%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp; </FONT></P>
</TD>
     <TD width="5%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD width="30%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp; </FONT></P>
</TD>
     <TD width="5%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD width="30%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp; </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-BOTTOM: black 1pt solid" vAlign=top width="30%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">/s/ Tatyana Popova</FONT></P>
</TD>
     <TD vAlign=top width="5%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: black 1pt solid" vAlign=top width="30%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">President, C.E.O. and Director</FONT></P>
</TD>
     <TD vAlign=top width="5%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="30%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">November 10, 2014</FONT></P>
</TD></TR>
<TR>
     <TD vAlign=top width="30%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Tatyana Popova</FONT></P>
</TD>
     <TD vAlign=top width="5%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=top width="30%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp; </FONT></P>
</TD>
     <TD vAlign=top width="5%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=top width="30%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp; </FONT></P>
</TD></TR>
<TR style="HEIGHT: 32.4pt">
     <TD style="BORDER-BOTTOM: black 1pt solid; HEIGHT: 32.4pt" vAlign=top width="30%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">/s/ Elena Ignatenko</FONT></P>
</TD>
     <TD style="HEIGHT: 32.4pt" vAlign=top width="5%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: black 1pt solid; HEIGHT: 32.4pt" vAlign=bottom width="30%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Treasurer, Secretary, C.F.O., Principal Accounting Officer, Principal Financial Officer and Director</FONT></P>
</TD>
     <TD style="HEIGHT: 32.4pt" vAlign=top width="5%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: black 1pt solid; HEIGHT: 32.4pt" vAlign=top width="30%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">November 10, 2014</FONT></P>
</TD></TR>
<TR>
     <TD vAlign=top width="30%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Elena Ignatenko</FONT></P>
</TD>
     <TD vAlign=top width="5%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=top width="30%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=top width="5%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=top width="30%">
<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-GB face="Times New Roman">23</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P>
<HR align=center SIZE=2 width="100%" noShade>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

</BODY>

</HTML>
[{"type": "10-Q", "sequence": "1", "filename": "focusuniv10q093014.htm", "description": "FORM 10-Q", "secsgml_size_bytes": 393060}]
{"company-data": {"conformed-name": "FOCUS UNIVERSAL INC.", "cik": "0001590418", "assigned-sic": "7310", "irs-number": "000000000", "state-of-incorporation": "NV", "fiscal-year-end": "0331"}, "filing-values": {"form-type": "10-Q", "act": "34", "file-number": "000-55247", "film-number": "141207581"}, "business-address": {"street1": "311 WEST THIRD STREET", "city": "CARSON CITY", "state": "NV", "zip": "89703", "phone": "4168395624"}, "mail-address": {"street1": "311 WEST THIRD STREET", "city": "CARSON CITY", "state": "NV", "zip": "89703"}}
focusuniv10q093014.htm - Generated by SEC Publisher for SEC Filing
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 September 30, 2014
or
o
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:
333-193087
Focus Universal Inc.
(Exact Name of Registrant as Specified in its Charter)
Nevada
46-3355876
(State or Other Jurisdiction of
Incorporation or Organization)
(I.R.S. Employer
Identification No.)
8275
  S. Eastern Ave., Ste.200-674
Las Vegas, Nevada
89123
(Address of Principal Executive Offices)
(Zip Code)
Registrant's telephone number including area code:
(702) 724-2646
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 and posted on its corporate Web site, if any, every
Interactive Data File required to be submitted and posted pursuant to
Rule 405 of Regulation S-T during the preceding 12 months (or such shorter
period that the registrant was required to submit and post such files.
 Yes [X]  No [  ]
Indicate by check mark whether the registrant is a
large accelerated filer, an accelerated filer, a non-accelerated filer, or a
smaller reporting company. See the definitions of "large accelerated filer,"
"accelerated filer" and "smaller reporting company" in Rule 12b-2 of the
Exchange Act.
Large
  accelerated filer [   ]
Accelerated
  filer [   ]
Non-accelerated
  filer [   ]
Smaller
  reporting company [X]
Indicate by check mark whether the registrant is a
shell company (as defined in Rule 12b-2 of the Exchange Act).
Yes [   ]  No [X]
Applicable Only to Corporate Issuers:
Indicate the number of shares outstanding of each of
the issuer's classes of common stock, as of the latest practicable date:
Class
Outstanding as of November
  10, 2014
Common Stock, $0.001 par value
6,580,000
FOCUS UNIVERSAL INC.
TABLE OF CONTENTS
Page
PART I - FINANCIAL INFORMATION
Item 1. Financial Statements.
F-1
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations.
16
Item 3. Quantitative and Qualitative Disclosures About Market Risk.
21
Item 4. Controls and Procedures.
21
PART II - OTHER INFORMATION
Item 1. Legal Proceedings.
21
Item 1A. Risk Factors.
21
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.
21
Item 3. Defaults Upon Senior Securities.
21
Item 4. Mine Safety Disclosures.
21
Item 5. Other Information.
22
Item 6. Exhibits.
22
SIGNATURES
23
2
PART 1 – FINANCIAL INFORMATION
ITEM 1.  FINANCIAL STATEMENTS
FOCUS UNIVERSAL INC.
(A DEVELOPMENT STAGE COMPANY)
CONDENSED FINANCIAL STATEMENTS
FOR THE THREE AND SIX MONTHS ENDED SEPTEMBER 30, 2014 AND 2013,
AND FOR THE PERIOD FROM INCEPTION (DECEMBER 4, 2012) TO SEPTEMBER 30, 2014
(Unaudited)
Index to the Financial Statements
Contents
Page
Condensed Balance Sheets at September 30, 2014 and  March 31,2014
F-1
Condensed Statements of Operations for the Three and  Six Months Ended September  30, 2014 and 2013 and for the Period  from December 4, 2012 (Inception) through  September 30, 2014
F-2
Condensed Statement of Changes Stockholders'  Deficit for the Period from December 4, 2012 (Inception) through September 30, 2014
F-3
Condensed Statements of Cash Flows for the Six Months Ended September 30, 2014 and 2013 and the Period  from December 4, 2012 (Inception) through  September 30, 2014
F-4
Notes to the Condensed Financial Statements
F-5
3
FOCUS UNIVERSAL INC.
(A DEVELOPMENT STAGE COMPANY)
CONDENSED BALANCE SHEETS
September 30,
March 31,
2014
2014
(Unaudited)
(Audited)
ASSETS
Current Assets:
Cash
$                                        185
$                                    7,408
Prepaid expenses
9,346
308
Total current assets
9,531
7,716
Total Assets
$                                     9,531
$                                   7,716
LIABILITIES AND STOCKHOLDERS' DEFICIT
Current Liabilities:
Accounts payable and accrued liabilities
$                                  20,816
$                                  17,170
Accounts payable - related parties
12,400
6,400
Total current liabilities
33,216
23,570
Total Liabilities
33,216
23,570
Commitments and Contingencies
Stockholders' Deficit:
Common stock, par value $0.001 per share, 75,000,000 shares authorized; 6,580,000, and 4,000,000 shares
issued and outstanding as of September 30, 2014 and March 31, 2014, respectively
6,580
4,000
Common stock subscription
-
3,000
Additional paid-in capital
29,670
-
Deficit accumulated during the development stage
(59,935)
(22,854)
Total stockholders' deficit
(23,685)
(15,854)
Total Liabilities and Stockholder's  Deficit
$                                     9,531
$                                    7,716
See Accompanying Notes to Condensed Unaudited Financial Statements
F-1
FOCUS UNIVERSAL INC.
CONDENSED STATEMENTS OF OPERATIONS
(A DEVELOPMENT STAGE COMPANY)
Three Months
Ended
September 30,
2014
(Unaudited)
Three Months
Ended
September 30,
2013
(Unaudited)
Six Months
Ended
September 30,
2014
(Unaudited)
Six Months
Ended
September 30,
2013
(Unaudited)
Cumulative
From Inception
(December 4, 2012)
Through September 30,
2014
(Unaudited)
Revenue
$                                          13,450
$                                       7,500
$                                    20,150
$                                       7,500
$                                          36,050
Cost of revenue
4,000
5,000
9,000
5,000
14,000
Gross profit
9,450
2,500
11,150
2,500
22,050
Operating Expenses:
Compensation - officers
3,000
400
6,000
400
12,400
General and administrative
9,994
696
26,731
696
40,535
Professional fees
12,000
3,000
15,500
3,000
29,050
Total operating expenses
24,994
4,096
48,231
4,096
81,985
Income (Loss) from Operations
(15,544)
(1,596)
(37,081)
(1,596)
(59,935)
Income tax provision
-
-
-
-
-
Net Loss
$                                        (15,544)
$                                     (1,596)
$                                 (37,081)
$                                    (1,596)
$                                      (59,935)
Net Loss Per Common Share:
Net loss per common share - Basic and Diluted
$                                          (0.00)*
$                                       (0.04)
$                                   (0.00)*
$                                      (0.07)
Weighted Average Number of Common Shares
Outstanding - Basic and Diluted
6,580,000
43,478
6,451,585
21,858
-
* denotes a loss of less than $(0.01) per share
See Accompanying Notes to Condensed Unaudited Financial Statements
F-2
FOCUS UNIVERSAL INC.
(A DEVELOPMENT STAGE COMPANY)
CONDENSED STATEMENTS OF CHANGES IN STOCKHOLDERS' DEFICIT
FOR THE PERIOD FROM INCEPTION (DECEMBER 4, 2012)
THROUGH SEPTEMBER 30, 2014
Description
Common stock
Common
Stock
Subscription
Additional
Paid-In
Capital
Deficit
Accumulated
During
Development
Stage
Total
Shares
Amount
Balance at Inception (December 4, 2012) – (Audited)
-
$                                    -
$                                         -
$                                         -
$                                         -
$                                        -
Net loss for the period
-
-
-
-
(2,348)
(2,348)
Balance – March 31, 2013 – (Audited)
-
-
-
-
(2,348)
(2,348)
Common stock issued for cash at $0.001 per share
4,000,000
4,000
-
-
-
4,000
Common stock subscription at $0.0125 per share
3,000
-
3,000
Net loss for the year
-
-
-
-
(20,506)
(20,506)
Balance – March 31, 2014 – (Audited)
4,000,000
4,000
3,000
-
(22,854)
(15,854)
Common stock issued for cash at $0.0125 per share
2,580,000
2,580
-
29,670
-
32,250
Common stock subscription at $0.0125 per share
(3,000)
-
(3,000)
Net loss for the period
-
-
-
-
(37,081)
(37,081)
Balance – September 30, 2014 – (Unaudited)
6,580,000
$                             6,580
$                                       -
$                              29,670
$                             (59,935)
$                            (23,685)
See Accompanying Notes to Condensed Unaudited Financial Statements
F-3
FOCUS UNIVERSAL INC.
(A DEVELOPMENT STAGE COMPANY)
CONDENSED STATEMENTS OF CASH FLOWS
Six Months
Ended
September 30,
2014
(Unaudited)
Six Months
Ended
September 30,
2013
(Unaudited)
Cumulative
From Inception
(December 4, 2012)
Through September 30,
2014
(Unaudited)
Operating Activities:
Net Loss
$                                 (37,081)
$                                   (1,596)
$
(59,935)
Adjustments to reconcile net loss to net cash used in operating activities:
Changes in Operating Assets and Liabilities-
Prepaid expenses
(9,038)
-
(9,346)
Accounts payable and accrued liabilities
3,646
9,960
20,816
Accounts payable - related party
6,000
52
12,400
Net Cash Used in Operating Activities
(36,473)
8,416
(36,065)
Investing  Activities:
Net Cash Generated by (Used in) Investing Activities
-
-
-
Financing Activities:
Proceeds from sale of common stock
29,250
4,000
36,250
Net Cash Provided by Financing Activities
29,250
4,000
36,250
Net Change in Cash
(7,223)
12,416
185
Cash - Beginning of Period
7,408
-
-
Cash - End of Period
$                                       185
$                                   12,416
$                                       185
Cash paid during the period for:
Interest
$                                            -
$                                            -
$                                            -
Income tax paid
$                                            -
$                                            -
$                                            -
See Accompanying Notes to Condensed Unaudited Financial Statements
F-4
FOCUS UNIVERSAL INC.
(A DEVELOPMENT STAGE COMPANY)
FOR THE THREE AND SIX MONTHS ENDED SEPTEMBER 30, 2014 AND 2013,
AND FOR THE PERIOD FROM INCEPTION (DECEMBER 4, 2012) TO SEPTEMBER 30, 2014
NOTES TO THE CONDENSED UNAUDITED FINANCIAL STATEMENTS
Note 1 – Organization and Operations
Focus Universal Inc. (the "Company") was incorporated under the laws of the State of Nevada on December 4, 2012 ("Inception").
Focus Universal Inc. offers a full range of web services, including web marketing services, social and viral marketing campaigns, search engine optimization consulting, custom web design, website usability consulting and web analytics implementation.
Note 2 – Summary of Significant Accounting Policies
Basis of Presentation – Unaudited Interim Financial Information
The accompanying unaudited interim financial statements and related notes have been prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP") for interim financial information, and with the rules and regulations of the United States Securities and Exchange Commission ("SEC") to Form 10-Q and Article 8 of Regulation S-X.  Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements.  The unaudited interim financial statements furnished reflect all adjustments (consisting of normal recurring accruals) which are, in the opinion of management, necessary to a fair statement of the results for the interim periods presented.  Unaudited interim results are not necessarily indicative of the results for the full fiscal year. These unaudited interim consolidated financial statements should be read in conjunction with the financial statements of the Company for the year ended March 31, 2014 and notes thereto contained in the information as part of the Company's Annual Report on the Form 10-K, which was filed with the Securities and Exchange Commission on June 30, 2014.
Development Stage Company
The Company is a development stage company as defined by
section 915-10-20 of the FASB Accounting Standards Codification
.  Although the Company has recognized nominal amounts of revenue, it is still devoting substantially all of its efforts on establishing the business.
Among the additional disclosures required as a development stage company are that our financial statements were identified as those of a development stage company, and that the statements of operations, stockholders' deficit and cash flows disclosed activity since the date of our inception (December 4, 2012) as a development stage company
All losses accumulated since Inception (December 4, 2012) have been considered as part of the Company's development stage activities.
Effective June 10, 2014 FASB changed its regulations with respect to Development Stage Entities and these additional disclosures are no longer required for annual reporting periods beginning after December 15, 2014 with the option for entities to early adopt these new provisions. The Company has not elected to early adopt these provisions and consequently these additional disclosures are included in these financial statements.
Use of Estimates and Assumptions
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 amounts of revenues and expenses during the reporting period.
The Company's significant estimates and assumptions include the fair value of financial instruments;
income tax rate, income tax provision and valuation allowance of deferred tax assets; and
the assumption that the Company will continue as a going concern.
Those significant accounting estimates or assumptions bear the risk of change due to the fact that there are uncertainties attached to those estimates or assumptions, and certain estimates or assumptions are difficult to measure or value.
F-5
FOCUS UNIVERSAL INC.
(A DEVELOPMENT STAGE COMPANY)
FOR THE THREE AND SIX MONTHS ENDED SEPTEMBER 30, 2014 AND 2013,
AND FOR THE PERIOD FROM INCEPTION (DECEMBER 4, 2012) TO SEPTEMBER 30, 2014
NOTES TO THE UNAUDITED FINANCIAL STATEMENTS
Management bases its estimates on historical experience and on various assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources.
Management regularly reviews its estimates utilizing currently available information, changes in facts and circumstances, historical experience and reasonable assumptions. After such reviews, and if deemed appropriate, those estimates are adjusted accordingly. Actual results could differ from those estimates.
Fair Value of Financial Instruments
The Company follows paragraph 825-10-50-10 of the FASB Accounting Standards Codification for disclosures about fair value of its financial instruments and paragraph 820-10-35-37 of the FASB Accounting Standards Codification ("Paragraph 820-10-35-37") to measure the fair value of its financial instruments. Paragraph 820-10-35-37 establishes a framework for measuring fair value in accounting principles generally accepted in the United States of America (U.S. GAAP), and expands disclosures about fair value measurements.
To increase consistency and comparability in fair value measurements and related disclosures, Paragraph 820-10-35-37 establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three (3) broad levels.  The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs.  The three (3) levels of fair value hierarchy defined by Paragraph 820-10-35-37 are described below:
Level 1
Quoted market prices available in active markets for identical assets or liabilities as of the reporting date.
Level 2
Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date.
Level 3
Pricing inputs that are generally observable inputs and not corroborated by market data.
Financial assets are considered Level 3 when their fair values are determined using pricing models, discounted cash flow methodologies or similar techniques and at least one significant model assumption or input is unobservable.
The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs.  If the inputs used to measure the financial assets and liabilities fall within more than one level described above, the categorization is based on the lowest level input that is significant to the fair value measurement of the instrument.
The carrying amount of the Company's financial assets and liabilities, such as cash, prepaid expenses, accounts payable and accrued expenses, approximate their fair value because of the short maturity of those instruments.
Transactions involving related parties cannot be presumed to be carried out on an arm's-length basis, as the requisite conditions of competitive, free-market dealings may not exist. Representations about transactions with related parties, if made, shall not imply that the related party transactions were consummated on terms equivalent to those that prevail in arm's-length transactions unless such representations can be substantiated.
It is not however practical to determine the fair value of advances from stockholders, if any, due to their related party nature.
Cash Equivalents
The Company considers all highly liquid investments with a maturity of three months or less to be cash and cash equivalents.
F-6
FOCUS UNIVERSAL INC.
(A DEVELOPMENT STAGE COMPANY)
FOR THE THREE AND SIX MONTHS ENDED SEPTEMBER 30, 2014 AND 2013,
AND FOR THE PERIOD FROM INCEPTION (DECEMBER 4, 2012) TO SEPTEMBER 30, 2014
NOTES TO THE UNAUDITED FINANCIAL STATEMENTS
Related Parties
The Company follows subtopic 850-10 of the FASB Accounting Standards Codification for the identification of related parties and disclosure of related party transactions.
Pursuant to Section 850-10-20
the related parties include: a. affiliates of the Company; b.
entities for which investments in their equity securities would be required, absent the election of the fair value option under the Fair Value Option Subsection of Section 825–10–15, to be accounted for by the equity method by the investing entity; c.
trusts for the benefit of employees, such as pension and profit-sharing trusts that are managed by or under the trusteeship of management; d.
principal owners of the Company; e. management of the Company; f.
other parties with which the Company may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests; and g.
other parties that can significantly influence the management or operating policies of the transacting parties or that have an ownership interest in one of the transacting parties and can significantly influence the other to an extent that one or more of the transacting parties might be prevented from fully pursuing its own separate interests.
The financial statements shall include disclosures of material related party transactions, other than compensation arrangements, expense allowances, and other similar items in the ordinary course of business. However, disclosure of transactions that are eliminated in the preparation of financial statements is not required in those statements. The disclosures shall include:  a. the nature of the relationship(s) involved; b. a description of the transactions, including transactions to which no amounts or nominal amounts were ascribed, for each of the periods for which income statements are presented, and such other information deemed necessary to an understanding of the effects of the transactions on the financial statements; c. the dollar amounts of transactions for each of the periods for which income statements are presented and the effects of any change in the method of establishing the terms from that used in the preceding period; and d. amounts due from or to
related parties
as of the date of each balance sheet presented and, if not otherwise apparent, the terms and manner of settlement.
Commitments and Contingencies
The Company follows subtopic 450-20 of
the FASB Accounting Standards Codification to report accounting for contingencies.
Certain conditions may exist as of the date the financial statements are issued, which may result in a loss to the Company but which will only be resolved when one or more future events occur or fail to occur.  The Company assesses such contingent liabilities, and such assessment inherently involves an exercise of judgment.  In assessing loss contingencies related to legal proceedings that are pending against the Company or unasserted claims that may result in such proceedings, the Company evaluates the perceived merits of any legal proceedings or unasserted claims as well as the perceived merits of the amount of relief sought or expected to be sought therein.
If the assessment of a contingency indicates that it is probable that a material loss has been incurred and the amount of the liability can be estimated, then the estimated liability would be accrued in the Company's financial statements.  If the assessment indicates that a potential material loss contingency is not probable but is reasonably possible, or is probable but cannot be estimated, then the nature of the contingent liability, and an estimate of the range of possible losses, if determinable and material, would be disclosed.
Loss contingencies considered remote are generally not disclosed unless they involve guarantees, in which case the guarantees would be disclosed.  Management does not believe, based upon information available at this time that these matters will have a material adverse effect on the Company's financial position, results of operations or cash flows. However, there is no assurance that such matters will not materially and adversely affect the Company's business, financial position, and results of operations or cash flows.
F-7
FOCUS UNIVERSAL INC.
(A DEVELOPMENT STAGE COMPANY)
FOR THE THREE AND SIX MONTHS ENDED SEPTEMBER 30, 2014 AND 2013,
AND FOR THE PERIOD FROM INCEPTION (DECEMBER 4, 2012) TO SEPTEMBER 30, 2014
NOTES TO THE UNAUDITED FINANCIAL STATEMENTS
Revenue Recognition
The Company applies paragraph 605-10-S99-1 of the FASB Accounting Standards Codification for revenue recognition.  The Company recognizes revenue when it is realized or realizable and earned.  The Company considers revenue realized or realizable and earned when all of the following criteria are met: (i) persuasive evidence of an arrangement exists, (ii) the product has been shipped or the services have been rendered to the customer, (iii) the sales price is fixed or determinable, and (iv) collectability is reasonably assured.
The Company derives its revenues from sales contracts with its customer with revenues being generated upon rendering of services.  Persuasive evidence of an arrangement is demonstrated via invoice; service is considered provided when the service is delivered to the customers; and the sales price to the customer is fixed upon acceptance of the purchase order and there is no separate sales rebate, discount, or volume incentive.
Income Tax Provision
The Company accounts for income taxes under Section 740-10-30 of the FASB Accounting Standards Codification, which requires recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements or tax returns.
Under this method, deferred tax assets and liabilities are based on the differences between the financial statement and tax bases of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse.  Deferred tax assets are reduced by a valuation allowance to the extent management concludes it is more likely than not that the assets will not be realized.  Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled.  The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the statements of operations in the period that includes the enactment date.
The Company adopted the provisions of
paragraph 740-10-25-13 of the FASB Accounting Standards Codification
.
Paragraph 740-10-25-13
addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements.  Under
paragraph 740-10-25-13
, the Company may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position.  The tax benefits recognized in the financial statements from such a position should be measured based on the largest benefit that has a greater than fifty percent (50%) likelihood of being realized upon ultimate settlement.
Paragraph 740-10-25-13
also provides guidance on de-recognition, classification, interest and penalties on income taxes, accounting in interim periods and requires increased disclosures.
The estimated future tax effects of temporary differences between the tax basis of assets and liabilities are reported in the accompanying balance sheets, as well as tax credit carry-backs and carry-forwards. The Company periodically reviews the recoverability of deferred tax assets recorded on its balance sheets and provides valuation allowances as management deems necessary.
Management makes judgments as to the interpretation of the tax laws that might be challenged upon an audit and cause changes to previous estimates of tax liability. In addition, the Company operates within multiple taxing jurisdictions and is subject to audit in these jurisdictions. In management's opinion, adequate provisions for income taxes have been made for all years. If actual taxable income by tax jurisdiction varies from estimates, additional allowances or reversals of reserves may be necessary.
F-8
FOCUS UNIVERSAL INC.
(A DEVELOPMENT STAGE COMPANY)
FOR THE THREE AND SIX MONTHS ENDED SEPTEMBER 30, 2014 AND 2013,
AND FOR THE PERIOD FROM INCEPTION (DECEMBER 4, 2012) TO SEPTEMBER 30, 2014
NOTES TO THE UNAUDITED FINANCIAL STATEMENTS
Uncertain Tax Positions
The Company did not take any uncertain tax positions and had no unrecognized tax liabilities or benefits in accordance with the provisions of
Section 740-10-25
at September 30, 2014 and March 31, 2014.
Net Income (Loss) Per Common Share
Net income (loss) per common share is computed pursuant to section 260-10-45 of the FASB Accounting Standards Codification.
Basic net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period.
Diluted net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock and potentially outstanding shares of common stock during the period
to reflect the potential dilution that could occur from common shares issuable through contingent shares issuance arrangement, stock options or warrants
.
There were no potentially debt or equity instruments issued and outstanding
at any time during the six-month periods ended
September 30, 2014 or 2013
.
Cash Flows Reporting
The Company adopted paragraph 230-10-45-24 of the FASB Accounting Standards Codification for cash flows reporting, classifies cash receipts and payments according to whether they stem from operating, investing, or financing activities and provides definitions of each category, and uses the
indirect or reconciliation method ("Indirect method") as defined by
paragraph 230-10-45-25 of the FASB Accounting Standards Codification
to report net cash flow from operating activities by adjusting net income to reconcile it to net cash flow from operating activities by removing the effects of (a) all deferrals of past operating cash receipts and payments and all accruals of expected future operating cash receipts and payments and (b) all items that are included in net income that do not affect operating cash receipts and payments.  The Company reports the reporting currency equivalent of foreign currency cash flows, using the current exchange rate at the time of the cash flows and the effect of exchange rate changes on cash held in foreign currencies is reported as a separate item in the reconciliation of beginning and ending balances of cash and cash equivalents and separately provides information about investing and financing activities not resulting in cash receipts or payments in the period pursuant to
paragraph 830-230-45-1 of the FASB Accounting Standards Codification
.
Subsequent Events
The Company follows the guidance in Section 855-10-50 of the FASB Accounting Standards Codification for the disclosure of subsequent events. The Company will evaluate subsequent events through
the date when the financial statements were issued
.  Pursuant to ASU 2010-09 of the FASB Accounting Standards Codification, the Company as an SEC filer considers its financial statements issued when they are widely distributed to users, such as through filing them on EDGAR.
Recently Issued Accounting Pronouncements
The Company is in the development stage as defined under the then current Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") 915-205 "Development-Stage Entities," and among the additional disclosures required as a development stage company are that our financial statements were identified as those of a development stage company, and that the statements of operations, stockholders' deficit and cash flows disclosed activity since the date of our inception (December 4, 2012) as a development stage company. Effective June 10, 2014 FASB changed its regulations with
F-9
FOCUS UNIVERSAL INC.
(A DEVELOPMENT STAGE COMPANY)
FOR THE THREE AND SIX MONTHS ENDED SEPTEMBER 30, 2014 AND 2013,
AND FOR THE PERIOD FROM INCEPTION (DECEMBER 4, 2012) TO SEPTEMBER 30, 2014
NOTES TO THE UNAUDITED FINANCIAL STATEMENTS
respect to Development Stage Entities and these additional disclosures are no longer required for annual reporting periods beginning after December 15, 2014 with the option for entities to early adopt these new provisions. The Company has not elected to early adopt these provisions and consequently these additional disclosures are included in these financial statements.
The Company does not believe that other than disclosed above, recently issued, but not yet adopted, accounting pronouncements will have a material impact on its financial position, results of operations or cash flows.
Note 3 – Going Concern
The accompanying financial statements have been prepared
assuming that the Company will continue as a going concern, which contemplates continuity of operations, realization of assets, and liquidation of liabilities in the normal course of business
.
As reflected in the accompanying financial statements, the Company had a deficit accumulated during the development stage at September 30, 2014 and March 31, 2014 of $59,935 and $22,854, respectively, and a net loss
for the period from December 4, 2012 (Inception) through September 30, 2014 of $59,935
. These factors raise substantial doubt about the Company's ability to continue as a going concern. While the Company is attempting to generate sufficient revenues, the Company's cash position may not be sufficient enough to support the Company's daily operations.  Management intends to raise additional funds by way of a public or private offering.
Management believes that the actions presently being taken to further implement its business plan and generate sufficient revenues provide the opportunity for the Company to continue as a going concern. While the Company believes in the viability of its strategy to generate sufficient revenues and in its ability to raise additional funds, there can be no assurances to that effect.  The ability of the Company to continue as a going concern is dependent upon the Company's ability to further implement its business plan and generate sufficient revenues.
The financial statements do not include any adjustments related to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities that might be necessary if the Company is unable to continue as a going concern.
Note 4 – Related Party Transactions
Consulting services from President, Chief Executive Officer, Secretary and Treasurer and Chief Financial Officer
Consulting services provided by the President, Chief Executive Officer, Secretary and Treasurer and Chief Financial Officer for the three and six months ended September 30, 2014 and 2013 were as follows:
For the
Three Months
Ended
September 30,
2014
For the
Three Months
Ended
September 30,
2013
For the
Six Months
Ended
September 30,
2014
For the
Six Months
Ended
September 30,
2013
President, Chief Executive Officer
$
1,500
$
200
$             3,000
$                  200
Chief Financial Officer, Secretary and Treasurer
1,500
200
3,000
200
$
3,000
$
400
$             6,000
$                  400
F-10
FOCUS UNIVERSAL INC.
(A DEVELOPMENT STAGE COMPANY)
FOR THE THREE AND SIX MONTHS ENDED SEPTEMBER 30, 2014 AND 2013,
AND FOR THE PERIOD FROM INCEPTION (DECEMBER 4, 2012) TO SEPTEMBER 30, 2014
NOTES TO THE UNAUDITED FINANCIAL STATEMENTS
Accounts Payable – Related Parties
As at September 30, 2014 and March 31, 2014 the Company owed its directors and officers $12,400 and $6,400 respectively. These amounts represent unpaid consulting fees.
Note 5 – Stockholders' Deficit
Shares authorized
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 $0.001 per share.
Common stock
On September 30, 2013, the Company sold 4,000,000 shares of its common stock at par to its directors for $4,000 in cash.
During the year ended March 31, 2014, the Company's Registration Statement on the Form S-1 filed with the Securities and Exchange Commission was declared effective.
As at March 31, 2014 the Company received $3,000 in common stock subscription funds. The Company completed the sale of 2,580,000 shares of common stock at $0.0125 per share for total proceeds of $32,250 during the six months ended September 30, 2014.
Note 6 – Subsequent Events
The Company has evaluated all events that occurred after the balance sheet date through the date when the financial statements were issued on November 5, 2014 to determine if they must be reported.  The Management of the Company determined that other than as disclosed above, there were no reportable subsequent events to be disclosed
.
F-11
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.
Forward-Looking Statements and Associated Risks.
The following discussion should be read in conjunction with the financial statements and the notes to those statements included elsewhere in this Quarterly Report on Form 10-Q. This Quarterly Report on Form 10-Q contains certain statements that are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. Certain statements contained in the MD&A are forward-looking statements that involve risks and uncertainties. The forward-looking statements are not historical facts, but rather are based on current expectations, estimates, assumptions and projections about our industry, business and future financial results. Our actual results could differ materially from the results contemplated by these forward-looking statements due to a number of factors, including those discussed in other sections of this Quarterly Report on Form 10-Q.
Our Business
Focus Universal Inc. ("the Company", "we", "us" or "our") is an online marketing, advertising and design provider.  We generate our revenue from providing services that include marketing, advertising and website design to small and medium sized businesses. To date, we have focused on providing one-off services, such as development of a fully functioning website or creation of a marketing strategy plan, to small business clients. We plan to expand our service offerings to include subscription-based service packages.
Our current services include:
Marketing
We offer a wide variety of online marketing service to meet our clients' needs. Our services include: email marketing; search engine optimization; affiliate marketing; pay per click management; content creation; conversion rate optimization and social media marketing.
Paid Search Advertising
Paid search advertising refers to search engine advertising such as Google AdWords (Yahoo and MSN have similar paid search programs available).
Search advertisements are targeted to match key search terms (called keywords) entered on search engines. We help our clients manage their search campaigns by:
-       Selecting targeted keywords and monitoring their effectiveness.
-       Creating relevant ad text that is likely to convert leads into new clients.
-       Structuring and optimizing campaigns for better performance and maximum results.
-       Providing monthly client reporting to communicate the strategies we've implemented and recommendations for future improvement.
-       Developing and researching possible new avenues of online marketing to build the new client base.
Social and Viral Marketing Campaigns
We help companies create innovative and interactive online campaigns that build brand awareness.
Strategy
The foundation of an effective online strategy is based upon an intimate understanding of the offering, the business, and the company's online objectives. Our strategic consulting services involve in-depth work with our clients to develop a comprehensive plan of action to meet their marketing needs for a specific amount of time. We work with clients to set objectives for each marketing campaign and use analytics to monitor the campaign's effectiveness. Our marketing strategy planning services include: digital review; research and analysis, and campaign planning.
16
Social
We enable our customers to facilitate social media engagement with current and potential consumers. This involves utilizing the appeal of popular social networks such as Facebook, Twitter, and Pinterest.  We generate content that is appropriate for social media use and is targeted to our clients' needs for audience engagement. This is used to increase company visibility and create social media interactions with their potential customers. These activities can also help improve our customers' search engine rankings. Our social services include: social and viral marketing campaign creation and management; social media consulting; custom channel design and review; content generation; cross channel promotions.
Website Design
We offer custom web design services for websites for traditional browser views, as well as sites optimized for mobile devices. Our custom design service includes the development of a unique website look and layout that is created specifically for our client. Our design team can assist with layout, as well as content creation and image sourcing. We also provide consulting services on website usability, where we help clients ensure that their website is effective and easy to use.
Results of operations for the three months ended September 30, 2014 compared to the three months ended September 30, 2013.
Revenue, cost of sales and gross profit
All of our revenues are derived from custom web design, development of online and social media strategy, advertising campaign planning and social media consulting. All the work, except web development, was performed by our officers and directors. The web development was performed by an independent third party contractor. We do not have long-term contracts with any of our clients and rely on signing new clients in order to generate additional revenues. If we will not be able to attract new clients our revenue could decline and our business could be harmed.
Our gross revenue for the three months ended September 30, 2014, was $13,450, compared to $7,500 for the three months ended September 30, 2013. Our cost of revenues for the three months ended September 30, 2014, was $4,000 (September 30, 2013: $5,000) resulting in a gross profit of $9,450 (September 30, 2013: $2,500).
Operating Costs and Expenses
The major components of our operating expenses for the three months ended September 30, 2014 and 2013 are outlined in the table below:
For the
Three Months
Ended
September 30,
2014
For the
Three Months
Ended
September 30,
2013
Increase
(Decrease)
$
Officer compensation
$                         3,000
$                             400
2,600
General and administrative
9,994
696
9,298
Professional fees
12,000
3,000
9,000
$                      24,994
$                          4,096
The increase in our operating costs for the three months ended September 30, 2014, compared to the same period in our fiscal 2013, was due to an increase in our corporate activities, an increase in expenses related to implementation of our business plan and an increase in fees associated with our application to have our securities designated as trading on the OTCQB marketplace, subscription to certain OTC Markets Group's corporate services and application for DTC eligibility of our common stock. General and administrative expenses of $9,994 incurred during the three months ended September 30, 2014 consisted of filing fees of $2,090 (September 30, 2013: $200), accounting fees of $1,500 (September 30, 2013: $0), transfer agent fees of $678 (September 30, 2013: $0), office expenses of $3,852 (September 30, 2013: $0), office rent of $409(September 30, 2013: $0), travel expenses of $1,298 (September 30, 2013: $0) and bank charges of $167(September 30, 2013: $0).
17
Consulting services provided by the President, Chief Executive Officer, Secretary and Treasurer and Chief Financial Officer for the three-month period ended September 30, 2014 and 2013 were as follows:
For the
Three Months
Ended
September 30,
2014
For the
Three Months
Ended
September 30,
2013
President, Chief Executive Officer
$
1,500
$
200
Chief Financial Officer, Secretary and Treasurer
1,500
200
$
3,000
$
400
As at September 30, 2014 and March 31, 2014 the Company owed its directors and officers $12,400 and $6,400 respectively. These amounts represent unpaid consulting fees.
Results of operations for the six months ended September 30, 2014 compared to the six months ended September 30, 2013.
Revenue, cost of sales and gross profit
Our gross revenue for the six months ended September 30, 2014, was $20,150, compared to $7,500 for the six months ended September 30, 2013. Our cost of revenues for the six months ended September 30, 2014, was $9,000 (September 30, 2013: $5,000) resulting in a gross profit of $11,150 (September 30, 2013: $2,500).
Operating Costs and Expenses
The major components of our operating expenses for the six months ended September 30, 2014 and 2013 are outlined in the table below:
For the
Six Months
Ended
September 30,
2014
For the
Six Months
Ended
September 30,
2013
Increase
(Decrease)
$
Officer compensation
$                         6,000
$                           400
5,400
General and administrative
26,731
696
26,035
Professional fees
15,500
3,000
12,500
$                      48,231
$                        4,096
The increase in our operating costs for the three months ended June 30, 2014, compared to the same period in our fiscal 2013, was due to an increase in our corporate activities, an increase in expenses related to implementation of our business plan and an increase in professional fees associated with an audit of our annual financial statements and filing of our Annual and Quarterly Reports, application to have our securities designated as trading on the OTCQB marketplace, subscription to certain OTC Markets Group's corporate services and application for DTC eligibility of our common stock. General and administrative expenses of $26,731 incurred during the six months ended September 30, 2014 consisted of filing fees of $4,590 (September 30, 2013: $200), accounting fees of $3,500 (September 30, 2013: $0), transfer agent fees of $12,512 (September 30, 2013: $0), office expenses of $3,852 (September 30, 2013: $0), office rent of $796 (September 30, 2013: $0), travel expenses of $1,298 (September 30, 2013: $0) and bank charges of $183 (September 30, 2013: $0).
Consulting services provided by the President, Chief Executive Officer, Secretary and Treasurer and Chief Financial Officer for the six-month period ended September 30, 2014 and 2013 were as follows:
18
For the
Six Months
Ended
September 30,
2014
For the
Six Months
Ended
September 30,
2013
President, Chief Executive Officer
$
3,000
$
200
Chief Financial Officer, Secretary and Treasurer
3,000
200
$
6,000
$
400
OTCBB and OTCQB quotation
Our common stock has been quoted on the OTC Bulletin Board since July 31, 2014 under the symbol "FCUV". During the quarter ended September 30, 2014 the Company filed an application with the
OTC Markets Group, Inc
.
to be quoted on the OTCQB quotation medium. Our application was approved on September 22, 2014 and our common stock has been quoted on the OTC Links under the symbol "FCUV" effective September 23, 2014. We paid a one-time $2,500 application fee and $10,000 annual fees that covers a period from September 1, 2014 to August 31, 2015.
To be eligible for trading on the OTCQB marketplace, starting May 1, 2014, companies are required to:
-
Meet a minimum bid price test of $0.01 and not be subject to bankruptcy or reorganization proceedings. Securities that do not meet the minimum bid price test or that are in bankruptcy will be downgraded to OTC Pink;
-
Submit an application to OTCQB and pay an application and annual fee;
-
Submit an OTCQB Annual Certification confirming the Company Profile displayed on otcmarkets.com is current
and complete and providing additional information on officers, directors, and controlling shareholders.
Liquidity and Capital Resources
Working Capital
September 30,
2014
March 31,
2014
Current Assets
$
9,531
$
7,716
Current Liabilities
$
(33,216)
$
(23,570)
Working Capital Deficiency
$
(23,685)
$
(15,854)
Cash Flows
The table below, for the periods indicated, provides selected cash flow information:
Six Months
Ended
September 30,
2014
Six Months
Ended
September 30,
2013
Cash provided by (used in) operating activities
$
(36,473)
$
8,416
Cash provided by (used in) investing activities
$
-
$
-
Cash provided by financing activities
$
29,250
$
4,000
Net increase (decrease) in cash
$
(7,223)
$
12,416
We have generated revenues of $20,150 during the six months ended September 30, 2014.  In addition to cash received from web design and social media consulting services, during the six months ended September 30, 2014 we received proceeds of $29,250 from sale of shares of our common stock.
19
During the year ended March 31, 2014, the Company's Registration Statement on the Form S-1 filed with the Securities and Exchange Commission was declared effective. As at March 31, 2014 the Company received $3,000 in common stock subscription funds. The Company completed the sale of 2,580,000 shares of common stock at $0.0125 per share for total proceeds of $32,250 during the six months ended September 30, 2014. During the six months ended September 30, 2013 the Company sold 4,000,000 shares of its common stock at par to its directors for $4,000 in cash.
We anticipate that for the next 12 months we will be generating cash from the same revenue stream. However, we have incurred losses from December 4, 2012 (Inception) to date and our cash balance at September 30, 2014 was $185.  ,
We intend to finance our internal growth with cash on hand, cash provided from operations, borrowings, debt or equity offerings, or some combination thereof.
Cash Flows from Operating Activities
Our cash flows used in operating activities represent the most significant use of the funds we have generated from our financing activities.. The major uses of our operating cash include funding general operating expenses (marketing, travel, legal and professional expenses, and office rent) and cost of revenues.
The net cash used in operating activities of $36,473 for the six months ended September 30, 2014 was primarily the result of our net loss of $37,081, and changes in our operating assets and liabilities. These changes include an increase in prepaid expenses of $9,038, in accounts payable and accrued liabilities of $3,646 and in amounts due to related party of $6,000. The increase in prepaid expenses was due to the payment of
$10,000 annual fees to OTC Markets Group Inc. that covers a period from September 1, 2014 to August 31, 2015. As of September 30, 2014 the Company expensed a portion of these fees for the month of September in the amount of $654.
The increase in accounts payable and accrued liabilities reflected the increase in our general operating expenses incurred during the six months ended September 30, 2014 that remained unpaid at the end of the reporting period. The increase in amounts due to related party represent a portion of management consulting fees charged to the company by its officers that remained unpaid at the end of the quarter.
The net cash generated by operating activities of $8,416 for the six months ended September 30, 2013 was primarily the result of our net loss of $1,596, and changes in our operating assets and liabilities. These changes include an increase in accounts payable and accrued liabilities of $9,960 and in amounts due to related party of $52. The increase in accounts payable and accrued liabilities reflected the increase in our general operating expenses incurred during the six months ended September 30, 2013 that remained unpaid at the end of the reporting period. The increase in amounts due to related party represent a portion of expenses incurred on behalf of the company by its officers that remained unpaid at the end of the quarter.
We expect that cash provided by (used in) operating activities may fluctuate in future periods as a result of a number of factors including fluctuations in our net revenues and operating results, utilization of new revenue streams, collection of accounts receivable, and timing of billings and payments.
Cash Flows from Investing Activities
We did not generate or use any cash from investing activities during the six months ended September 30, 2014 and 2013.
Cash Flows from Financing Activities
During the year ended March 31, 2014, the Company's Registration Statement on the Form S-1 filed with the Securities and Exchange Commission was declared effective. As at March 31, 2014 the Company received $3,000 in common stock subscription funds. We completed the sale of 2,580,000 shares of common stock at $0.0125 per share for total proceeds of $32,250 and received the balance of $29,250 funds during the six months ended September 30, 2014.
During the six months ended September 30, 2013 the Company sold 4,000,000 shares of its common stock at par to its directors for $4,000 in cash.
Management expects to keep operating costs to a minimum until cash is available through financing or operating activities. Management plans to continue to seek, in addition to equity financing, other sources of financing (e.g. bank loan, line of credit, shareholder loan) on favorable terms; however, there are no assurances that any such financing can be obtained on favorable terms, if at all.   If we are unable to generate profits sufficient to cover our operating costs or unable to obtain additional funds for our working capital needs, we may need to cease or curtail operations.  Furthermore, there is no assurance the net proceeds from any successful financing arrangement will be sufficient to cover cash requirements during the initial stages of the Company's operations.
20
Recent Accounting Pronouncements
See Note 2 to the Financial Statements.
Off Balance Sheet Arrangements
As of September 30, 2014, we did not have any significant off-balance-sheet arrangements, as defined in Item 303(a)(4)(ii) of Regulation S-K.
ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.
We are a smaller reporting company as defined by Rule 12b-2 of the Exchange Act and are not required to provide the information required under this item.
ITEM 4. CONTROLS AND PROCEDURES.
Evaluation of Disclosure Controls and Procedures
Under the supervision and with the participation of our management, including our principal executive officer and principal financial officer, we have conducted an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures, as defined in Rules 13a-15(e) and 15d-15(e) under the Securities and Exchange Act of 1934, as of the end of the period covered by this report.  Based on this evaluation, our principal executive officer and principal financial officer concluded as of the evaluation date that our disclosure controls and procedures were effective such that the material information required to be included in our Securities and Exchange Commission reports is recorded, processed, summarized and reported within the time periods specified in SEC rules and forms relating to our company, particularly during the period when this report was being prepared.
Additionally, there were no significant changes in our internal controls or in other factors that could significantly affect these controls subsequent to the evaluation date.  We have not identified any significant deficiencies or material weaknesses in our internal controls, and therefore there were no corrective actions taken.
PART II – OTHER INFORMATION
ITEM 1.  LEGAL PROCEEDINGS.
We were not subject to any legal proceedings during the six-month periods ended September 30, 2014 and 2013 and
currently we are not involved in any pending litigation or legal proceeding.
ITEM 1A. RISK FACTORS.
We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.
All shares sold during the six months ended September 30, 2014 were sold pursuant to the
Company's Registration Statement on the Form S-1/A filed with the Securities and Exchange Commission and declared effective March 14, 2014.
ITEM 3. DEFAULTS UPON SENIOR SECURITIES.
No senior securities were issued and outstanding during the six-month periods ended September 30, 2014 or 2013.
ITEM 4. MINE SAFETY DISCLOSURES.
Not applicable to our Company.
21
ITEM 5. OTHER INFORMATION.
Our common stock has been quoted on the OTC Bulletin Board and on the OTC Link since July 31, 2014 under the symbol "FCUV".
ITEM 6. EXHIBITS
The following documents are filed as a part of this report or are incorporated by reference to previous filings, if so indicated:
EXHIBIT
NUMBER        DESCRIPTION
4
3.1
Articles of Incorporation. Incorporated by reference to the Company's Registration Statement on Form S-1 filed with the SEC on December 26, 2013.
3.2
Bylaws. Incorporated by reference to the Company's Registration Statement on Form S-1 filed with the SEC on December 26, 2013.
4.2
Subscription Agreement. Incorporated by reference to the Company's Registration Statement on Form S-1 filed with the SEC on December 26, 2013.
10.1
Consulting Agreement (President). Incorporated by reference to the Company's Registration Statement on Form S-1 filed with the SEC on December 26, 2013.
10.2
Consulting Agreement (C.F.O.). Incorporated by reference to the Company's Registration Statement on Form S-1 filed with the SEC on December 26, 2013.
31.1
Certification of the Chief Executive Officer pursuant to Rules 13a-14(a) and 15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002*
31.2
Certification of the Chief Financial Officer pursuant to Rules 13a-14(a) and 15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.*
32.1
Certification of the Chief Executive Officer pursuant to 18 U.S.C Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.*
32.2
Certification of the Chief Financial Officer pursuant to 18 U.S.C Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002*
101.INS
XBRL Instance Document **
101.SCH
XBRL Taxonomy Extension Schema Document **
101.CAL
XBRL Taxonomy Extension Calculation Linkbase Document **
101.DEF
XBRL Taxonomy Extension Definition Linkbase Document **
101.LAB
XBRL Taxonomy Extension Label Linkbase Document **
101.PRE
XBRL Taxonomy Extension Presentation Linkbase Document **
*  Filed herewith.
** XBRL (Extensible Business Reporting Language) information is furnished and not filed or a part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, is deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and otherwise is not subject to liability under these sections.
22
SIGNATURES
Pursuant to the requirements 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.
Date: November 10, 2014
FOCUS UNIVERSAL INC.
By:
/s/  Tatyana Popova
Tatyana Popova
President, Chief Executive Officer (Principal Executive Officer) and Director
In accordance with the Exchange Act, this report has been signed below by the following persons on behalf of Focus Universal Inc. and in the capacities and on the dates indicated.
SIGNATURES
TITLE
DATE
/s/ Tatyana Popova
President, C.E.O. and Director
November 10, 2014
Tatyana Popova
/s/ Elena Ignatenko
Treasurer, Secretary, C.F.O., Principal Accounting Officer, Principal Financial Officer and Director
November 10, 2014
Elena Ignatenko
23