<SEC-DOCUMENT>0001078782-18-001416.txt : 20181214
<SEC-HEADER>0001078782-18-001416.hdr.sgml : 20181214
<ACCEPTANCE-DATETIME>20181214165005
ACCESSION NUMBER:		0001078782-18-001416
CONFORMED SUBMISSION TYPE:	8-K/A
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20181210
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Completion of Acquisition or Disposition of Assets
ITEM INFORMATION:		Unregistered Sales of Equity Securities
ITEM INFORMATION:		Changes in Control of Registrant
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20181214
DATE AS OF CHANGE:		20181214

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			iQSTEL Inc
		CENTRAL INDEX KEY:			0001527702
		STANDARD INDUSTRIAL CLASSIFICATION:	TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813]
		IRS NUMBER:				452808620
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-55984
		FILM NUMBER:		181236130

	BUSINESS ADDRESS:	
		STREET 1:		300 ARAGON AVENUE, SUITE 375
		CITY:			CORAL GABLES
		STATE:			FL
		ZIP:			33134
		BUSINESS PHONE:		(954) 951-8191

	MAIL ADDRESS:	
		STREET 1:		300 ARAGON AVENUE, SUITE 375
		CITY:			CORAL GABLES
		STATE:			FL
		ZIP:			33134

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PURESNAX INTERNATIONAL, INC.
		DATE OF NAME CHANGE:	20151124

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PURE SNAX INTERNATIONAL, INC.
		DATE OF NAME CHANGE:	20150813

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	B-MAVEN, INC.
		DATE OF NAME CHANGE:	20110810
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K/A
<SEQUENCE>1
<FILENAME>f8ka121018_8kz.htm
<DESCRIPTION>FORM 8-K/A AMENDED CURRENT REPORT
<TEXT>
<HTML>
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<HEAD>
<TITLE>Form 8-K/A Amended Current Report</TITLE>
</HEAD>
<BODY>
<DIV style=margin-left:36pt;width:540pt><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'><B>SECURITIES AND EXCHANGE COMMISSION</B></P>
<P align=center style='font:10pt Times New Roman;margin:0'><B>WASHINGTON, D.C. 20549</B></P>
<P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt><B>FORM 8-K/A</B></FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0'><B>Amendment No. 1</B></P>
<P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'><B>CURRENT REPORTPURSUANT TO SECTION 13 OR 15(d) OFTHE SECURITIES EXCHANGE ACT OF 1934</B></P>
<P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'>Date of Report (Date of earliest event reported): <FONT style='border-bottom:1px solid #000000'>June 25, 2018</FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:14pt Times New Roman;margin:0'><FONT style='border-bottom:1px solid #000000'><B>iQSTEL Inc.</B></FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0'>(Exact name of registrant as specified in its charter)</P>
<P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<TABLE align=center style=border-collapse:collapse;width:100%><TR style=height:7.2pt><TD valign=top style='border-bottom:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt><B>Nevada</B></FONT></P>
</TD><TD valign=top><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style='border-bottom:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt><B>333-176376</B></FONT></P>
</TD><TD valign=top><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style='border-bottom:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt><B>45-2808620</B></FONT></P>
</TD></TR>
<TR style=height:7.2pt><TD valign=top style='border-top:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>(State or other jurisdiction of incorporation)</FONT></P>
</TD><TD valign=top><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style='border-top:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>(Commission File Number)</FONT></P>
</TD><TD valign=top><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style='border-top:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>(I.R.S. Employer Identification No.)</FONT></P>
</TD></TR>
</TABLE>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<TABLE align=center style=border-collapse:collapse;width:78.58%><TR style=height:7.2pt><TD valign=top style='border-bottom:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt><B>300 Aragon Avenue, Suite 375</B></FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt><B>Coral Gables, FL 33134</B></FONT></P>
</TD><TD valign=top><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style='border-bottom:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt><B>33134</B></FONT></P>
</TD></TR>
<TR style=height:7.2pt><TD valign=top style='border-top:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>(Address of principal executive offices)</FONT></P>
</TD><TD valign=top><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style='border-top:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>(Zip Code)</FONT></P>
</TD></TR>
</TABLE>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>Registrant&#8217;s telephone number, including area code: </FONT><FONT style='font-size:10pt;border-bottom:1px solid #000000'><B>(954) 951-8191</B></FONT></P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt><B>1000 Woodbridge Center Drive, Ste. 213</B></FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style='font-size:10pt;border-bottom:1px solid #000000'><B>Woodbridge, NJ 07095</B></FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>(Former name or former address, if changed since last report)</FONT></P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</FONT></P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;margin-left:5.4pt'><FONT style=font-size:10pt>[ &nbsp; ] Written communications pursuant to Rule 425 under the Securities Act (17CFR 230.425)</FONT></P>
<P style='font:10pt Times New Roman;margin:0;margin-left:5.4pt'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;margin-left:5.4pt'><FONT style=font-size:10pt>[ &nbsp; ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></P>
<P style='font:10pt Times New Roman;margin:0;margin-left:5.4pt'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;margin-left:5.4pt'><FONT style=font-size:10pt>[ &nbsp; ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</FONT></P>
<P style='font:10pt Times New Roman;margin:0;margin-left:5.4pt'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;margin-left:5.4pt'><FONT style=font-size:10pt>[ &nbsp; ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</FONT></P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&#167;240.12b-2 of this chapter).</FONT></P>
<P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt> </FONT>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>Emerging growth company [ &nbsp; ]</FONT></P>
<P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt> </FONT>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ &nbsp; ]</FONT></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt><B>Explanatory Note</B></FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>On June 28, 2018, we filed a Current Report on Form 8-K to disclose entering into a Membership Interest Purchase Agreement (the &#8220;Purchase Agreement&#8221;) with Etelix.com USA, LLC., a privately held limited liability company incorporated under the laws of Florida (&#8220;Etelix&#8221;), and the members of Etelix, described in Item 1.01 to that report. This Amendment is filed to provide the required financial statements of the businesses acquired and pro forma financial information.</FONT></P>
<P style='font:10pt Times New Roman;margin:0'><B> </B>&nbsp;</P>
<HR style='page-break-after:always;border:0;height:3pt;background-color:#909090;margin:8pt 0'><P style=line-height:0;margin:0></P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'><B>CAUTIONARY STATEMENT CONCERNING FORWARD LOOKING STATEMENTS </B></P>
<P style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>This Current Report on Form 8-K includes forward-looking statements relating to matters that are not historical facts. Forward-looking statements provide PureSnax International Inc.&#8217;s (the &#8220;Company&#8221;) current expectations and forecasts about future events. Forward-looking statements may be identified by the use of words such as &#8220;expect,&#8221; &#8220;believe,&#8221; &#8220;will,&#8221; &#8220;would,&#8221; &#8220;should&#8221; or comparable terminology or the negative of these words, or by discussions of strategy. While the Company believes its assumptions and expectations underlying forward-looking statements are reasonable, there can be no assurance that actual results will not be materially different. Risks and uncertainties that could cause actual results to differ include, without limitation, failure to consummate or delays in consummating the transactions described herein, transaction costs associated with the transactions described herein, unexpected losses of economies of scope or scale as a result of the transactions described herein, a decrease or adjustment in the purchase price or other amendment to the definitive agreements for the transactions described herein, failure to obtain necessary governmental approvals for the transactions described herein, and other risks and uncertainties included in reports the Company files with or furnishes to the Securities and Exchange Commission. The Company cautions you that no forward-looking statement is a guarantee of future performance, and you should not place undue reliance on these forward-looking statements which reflect the Company&#8217;s view only as of the date of this report. The Company undertakes no obligation to update any forward-looking information.</P>
<P style='font:10pt Times New Roman;margin:0'><B> </B>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'><B>SECTION 1 - REGISTRANT'S BUSINESS AND OPERATIONS</B></P>
<P style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'><B>ITEM 1.01 - ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT</B></P>
<P style='font:10pt Times New Roman;margin:0'><B> </B>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'><B>Membership Interest Purchase Agreement</B></P>
<P style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>On June 25, 2018, PureSnax International, Inc. (the &#8220;Company&#8221;), entered into a Membership Interest Purchase Agreement (the &#8220;Purchase Agreement&#8221;) with Etelix.com USA, LLC., a privately held limited liability company incorporated under the laws of Florida (&#8220;Etelix&#8221;), and the members of Etelix. As a result of the transaction, Etelix became a wholly-owned subsidiary of the Company. In accordance with the terms of the Purchase Agreement, at the closing an aggregate of 13,751,875 shares of the Company&#8217;s common stock were issued to the holders of Etelix in exchange for their membership interests of Etelix. </P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>Further under the Purchase Agreement, as set forth more fully below, the current officers and directors of the Company have resigned and certain of the principals of Etelix have been appointed as officers and directors of the Company. </P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>The Company entered into certain ancillary agreements (the &#8220;Ancillary Agreements&#8221;) noted in the Purchase Agreement, consisting of three Conversion Agreements the Company executed with Carmen Cabell, Patrick Gosselin and Mark Engler. The Conversion Agreements convert a portion of the Series A Preferred Stock held by these shareholders into shares of the Company&#8217;s common stock, and cancels the balance of the Series A Preferred Stock held by these shareholders. Following the execution of the Conversion Agreements, Mr. Gosselin owns 250,032 shares of common stock and no shares of preferred stock in the Company; Mr. Cabell owns 250,080 shares of common stock and no shares of preferred stock in the Company; and Mr. Engler owns 250,032 shares of common stock and no shares of preferred stock in the Company.</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>In addition, the Company entered into Employment Agreements with the following persons: (i) Leandro Iglesias as President, CEO and Chairperson of the Company&#8217;s Board of Directors with an annual salary of $54,000; (ii) Juan Carlos Lopez Silva as Chief Commercial Officer with an annual salary of $54,000; and Alvaro Quintana Cardona as Chief Operating Officer and Chief Financial Officer with an annual salary of $30,000. The Employment Agreements have a term of 36 months, are renewable automatically for 24 month periods, unless the Company gives written notice at least 90 days prior to termination of the initial 36 month term. The Company shall have the right to terminate any of the employment agreements at any time without prior notice, but in that event, the Company shall pay these persons salaries and other benefits they are entitled to receive under their respective agreements for three years.  </P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>As a result of their new Employment Agreements with the Company, Messrs. Iglesias, Silva and Quintana waived all rights to their existing employment agreements in Etelix.</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>Reference is made to that certain Transaction Agreement dated April 10, 2017, between Metrospaces, Inc., a Delaware corporation, and Leandro Jose Iglesias in representation of the shareholders of Etelix.com USA LLC. &nbsp;Certain provisions from the Transaction Agreement, which all parties agree has been terminated, were made part of the Purchase Agreement, as follows:</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;margin-left:36pt'><KBD style='position:absolute;font:10pt Symbol;margin-left:-18pt'>&#61623;</KBD><FONT style=font-size:10pt>Under the Transaction Agreement, Metrospaces, Inc. agreed to pay Mr. Iglesias $2,040,000 USD in a combination of cash and stock for its 51% ownership interest in Etelix.com USA LLC. &nbsp;Of that amount, Metrospaces, Inc. has paid Mr. Iglesias $180,000 USD to date. The remaining amount of $1,860,000 USD will be payable by Metrospaces, Inc. to Mr. Iglesias in the form of a stock purchase agreement for $150,000 worth of stock in Metrospaces, Inc. and the balance in the form of a convertible promissory note in favor of Mr. Iglesias in the amount of $1,710,000 USD secured by a pledge of shares of common stock in the Company that Metrospaces, Inc. shall receive in connection with the Purchase Agreement; and</FONT>&nbsp;</P>
<HR style='page-break-after:always;border:0;height:3pt;background-color:#909090;margin:8pt 0'><P style=line-height:0;margin:0></P>
<P align=justify style='font:10pt Times New Roman;margin:0;margin-left:36pt'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;margin-left:36pt'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;margin-left:36pt'><KBD style='position:absolute;font:10pt Symbol;margin-left:-18pt'>&#61623;</KBD>Mr. Iglesias agrees to reinvest into the Company a total of $520,000 USD within a reasonable period of time, but no later than 30 days, upon receipt of the same from Metrospaces, Inc. under the convertible promissory note described above.&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>The foregoing description of the Purchase Agreement and Ancillary Agreements does not purport to be complete and is subject to, and qualified in its entirety by reference to, the full text of the Purchase Agreement and Ancillary Agreements, which are filed as Exhibits 2.1 and 10.1 through 10.6 hereto and incorporated herein by reference. </P>
<P align=justify style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><B>Etelix.com USA, LLC</B></P>
<P align=justify style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>As a result of the Purchase Agreement and the Ancillary Agreements, the Company intends to carry on the business of Etelix as its primary line of business. The Company has relocated its principal executive offices to 300 Aragon Avenue, Suite 375, Coral Gables, FL 33134, and its telephone number is now (954) 951-8191.</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>Etelix.com USA, LLC is an international telecom carrier that provides telecom and technology solutions worldwide, with commercial presence in North America, Latin America and Europe.</FONT></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>Due to its 214-license granted by the Federal Communications Commission (FCC), Etelix provides International Long-Distance voice termination in the wholesale market through over 150 interconnections with PSTN, Mobile and MVNO operators World-Wide.</FONT></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>The company provides 7x24 network monitoring through two Network Operation Centers (NOCs), one located in America and another one in Europe, with bilingual staff (English- Spanish). All network platform (switches, billing platform, router engines, session border controllers, DB servers, ERP platform) are located in Miami Downtown, FL, and are accessed remotely from all employees around the world using a secure data connection.</FONT></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>The company has outlined a business plan based on the following line of actions:</FONT></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;margin-left:36pt'><KBD style='position:absolute;font:10pt Symbol;margin-left:-18pt'>&#61623;</KBD>Strengthen the commercial position in Latin America where the company has developed deep commercial and personal relationships since its beginning. Latin America, including the Caribbean region, concentrates 28% (*) of the termination traffic in the industry. For that reason, the company plans to keep working on keeping a strong presence in the region.&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;margin-left:36pt'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;margin-left:36pt'><KBD style='position:absolute;font:10pt Symbol;margin-left:-18pt'>&#61623;</KBD>Deepen market presence in Asia and Africa: These are new markets for the company. Africa is currently the market with the higher contribution margins and Asia concentrates one third of the termination traffic in the industry. Last year company stablished a new office in Europe (La Coru&#241;a, Spain) which was the first movement in penetrating these two new markets. Estimations show that 56% (*) of the traffic terminating in Africa is originated from customers in Europe, so establishing a commercial point of presence in Europe is designed to put the company closer to the customer traffic.&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;margin-left:36pt'><KBD style='position:absolute;font:10pt Symbol;margin-left:-18pt'>&#61623;</KBD>The new office in Spain is also believed to strengthen the development of the Asian market, since 37% (*) of the traffic that terminates in that region is originated in Europe while 62% (*) is originated from America where company has already a strong presence.&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;margin-left:36pt'><KBD style='position:absolute;font:10pt Symbol;margin-left:-18pt'>&#61623;</KBD>Keep working on establish a global recognition to facilitate new markets presence.&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;margin-left:36pt'><KBD style='position:absolute;font:10pt Symbol;margin-left:-18pt'>&#61623;</KBD>Develop new products associated with the wholesale business.&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;margin-left:36pt'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;margin-left:36pt'><KBD style='position:absolute;font:10pt Symbol;margin-left:-18pt'>&#61623;</KBD>Strengthen commercial relations with the main international traffic generators.&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>* Source International Telecommunications Union (www.itu.int)</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'><B>Risk Factors</B> <B>associated with Etelix&#8217;s Business </B></P>
<P style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>International Long Distance traffic market size is estimated in 13 Billion US$ in revenue per year, and 552 Billion Minutes per year (Note1) (Note2). It is estimated that Wholesale Carriers has a 68% share of the total market, carrying over 375 Billion Minutes per year (Note1). The number of minutes carried by wholesale carriers has been increasing during the last years since most retail service providers, such as mobile operators, calling-card providers, and new VoIP-based market entrants, rely heavily on wholesale carriers to transport and terminate their customers&#8217; international calls.</FONT></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>Since year 2013 the market of international long distance calls has been reducing its size in about 2-3% (Note1) (Note3). This recent decline comes to the hands of over-the-top (OTT) communication and app services. Consumers can choose from a broad range of smartphone based communications apps, including WhatsApp, Facebook Messenger, WeChat, Viber, and Apple&#8217;s Facetime, among others.</FONT></P>
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<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>However, the market is not experiencing a total migration of users to the new communication solutions; since the numbers reveal that the existence of these new services has increased the total number of international calls. In fact, it is estimated that today OTT applications account for a volume slightly higher than 550 million minutes per year on cross-border communications (Note1). Which means that the market has doubled its total numbers to the existing ones before the appearance of these new solutions.</FONT></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>While average prices have been declining globally, rates to a few destinations&#8212;particularly mobiles in some emerging market countries&#8212;remain high, strengthening wholesale revenues. A route-by-route comparison of international traffic with international wholesale revenues reveals destinations for which wholesale revenues are disproportionately high. For example, the France to Tunisia route accounts for 1.5% of revenues, but only 0.25% of volume. Similarly, The United States to Cuba route accounts for close to 2.6% of revenues while making up around 0.15% of volume. Africa accounted for approximately 10% of wholesale traffic, but 33% of wholesale revenues (Note1).&#160;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>According to some market analysis, there are nine major players who gather 50.36% of the total market. These are: Vodafone (10.87%); TATA (9.96%); Orange (5.80%); BICS (4.71%); iBasis (4.53%); IDT (4.35%); Telecom Italia (3.62%); Deutsche Telecom (3.44%) and Verizon (3.08%) (Note1); with the only exception of Orange, Etelix has interconnection agreements with the other eight companies listed before.</FONT></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>In order to be able to increase the business volume with those customers it is necessary to increase working capital; since this will allow the company to get discounts on the termination costs that usually can be negotiated based on shorter payment terms; and will also allow the company to &#8220;finance&#8221; higher sale volumes to the big players due to they require longer payment terms (30 days /30).</FONT></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>Etelix&#180;s current market share is less than 0.1%.</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>Note 1: source Telegeography a Telecommunications market research and consulting firm (www.telegeography.com)</FONT></P>
<P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>Note 2: source International Telecommunications Union (www.itu.int)</FONT></P>
<P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>Note 3: source Hot Telecom a Telecom Research and Consulting firm (www.hottelecom.com)</FONT></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'><B>SECTION 2 &#8211; FINANCIAL INFORMATION</B></P>
<P style='font:10pt Times New Roman;margin:0'><B> </B>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><B>ITEM 2.01 COMPLETION OF ACQUISITION OR DISPOSITION OF ASSETS</B></P>
<P align=justify style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>The information set forth in Item 1.01 of this Current Report on Form 8-K that relates to the completion of acquisition of assets is incorporated by reference into this Item 2.01.</P>
<P align=justify style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><B>SECTION 3 &#8211; SECURITIES AND TRADING MARKETS</B></P>
<P align=justify style='font:10pt Times New Roman;margin:0'><B> </B>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><B>ITEM 3.02 UNREGISTERED SALES OF EQUITY SECURITIES</B></P>
<P align=justify style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>The information set forth in Item 1.01 of this Current Report on Form 8-K that relates to the unregistered sales of equity securities is incorporated by reference into this Item 3.02.</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&#160;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>On June 25, 2018, the Company closed a private offering of shares of its common stock to several investors for a total issuance of 350,000 shares of common stock at an offering price of $0.025 per share. </P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&#160;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>The issuance of the shares is exempt from registration in reliance upon Section 4(2) and/or Regulation D of the Securities Act of 1933, as amended.</P>
<P align=justify style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><B>SECTION 5 - CORPORATE GOVERNANCE AND MANAGEMENT</B></P>
<P align=justify style='font:10pt Times New Roman;margin:0'><B> </B>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><B>ITEM 5.01 CHANGES IN CONTROL OF REGISTRANT</B></P>
<P align=justify style='font:10pt Times New Roman;margin:0'><B> </B>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>The information set forth in Item 1.01 of this Current Report on Form 8-K that relates to the change of control of the registrant is incorporated by reference into this Item 3.02.</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><B>&#160;</B></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>As a result of the issuance of 13,751,875 shares of common stock to the members of Etelix under the Purchase Agreement, there has been a change in control of the Company.</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&#160;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>There are no arrangements known to the Company, the operation of which may, at a subsequent date, result in a change in control of the Company.</P>
<HR style='page-break-after:always;border:0;height:3pt;background-color:#909090;margin:8pt 0'><P style=line-height:0;margin:0></P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><B>ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.</B></P>
<P align=justify style='font:10pt Times New Roman;margin:0'><B> </B>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>The information set forth in Item 3.02 of this Current Report on Form 8-K that relates to the appointment of officers and directors, resignations of current officers and directors and compensatory arrangements is incorporated by reference into this Item 5.02.</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>On June 25, 2018, Patrick Gosselin and Mark Engler resigned as members of the Company&#8217;s board of directors and as officers of the Company. On the same day, Leandro Iglesias was appointed as President, CEO, Chairperson and a member of the Company&#8217;s board of directors. &nbsp;Oscar Brito was appointed as a member of the Company&#8217;s board of directors. &nbsp;Alvaro Quintana Cardona was appointed as Chief Operating Officer and Chief Financial Officer of the Company. &nbsp;Juan Carlos Lopez Silva was appointed as Chief Commercial Officer of the Company. </P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><B>Leandro Iglesias</B></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;background-color:#FFFFFF'><FONT style=font-size:10pt>Before founding Etelix in year 2008, where he has acted as President and CEO; Mr. Iglesias was the International Business Manager at CANTV/Movilnet (the Venezuelan biggest telecommunications services provider).&#160; He held this position between January 2003 and July 2008, while the company was under the control of Verizon. Previous to his position in Cantv/Movilnet Mr. Iglesias was Executive Vice President and responsible of the Latin America marketing division of American Internet Communications (August 1998 &#8211;&nbsp;December 2002). Leandro Iglesias has developed a carrier for more than 20 years in the telecommunications industry with a particular emphasis in the international long-distance traffic business, submarine cables, satellite communications and international roaming services. He is Electronic Engineer graduate from Universidad Simon Bolivar and graduated from the Management Program at IESA Business School. He also holds an MBA from Universidad Nororiental Gran Mariscal de Ayacucho.</FONT></P>
<P style='font:12pt Times New Roman;margin:0'><FONT style=font-size:12pt;color:#500050;background-color:#FFFFFF>&#160;</FONT></P>
<P align=justify style='font:10pt Times New Roman;margin:0'><B>Oscar Brito</B></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>Since 1997 Oscar Brito has been advising companies and investors on strategic investments and acquisitions. Since co-founding GBS Capital in 1997, he has been directly involved in over $500MM in capital raising and M&amp;A in middle market tech and real estate deals. For the last 21 years, he has specialized in early and mid-stage Investment and M&amp;A activity and real estate development activities. Currently he is acting as President and CFO of Metrospaces Inc. a NYC-based real estate developer focused in the US-luxury condo and apartment market. Previously he was Managing Director at GBS Capital Partner (1997-2015) and Advisor to the Board at Grooveshark (2010-2012). Mr. Brito holds a Law Degree from Universidad Catolica Andres Bello and an MBA Duke University &#8211;&nbsp;The Fuqua School of Business.</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><B>Alvaro Quintana Cardona</B></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>Alvaro Quintana has developed a carrier of more than twenty years of experience in the telecommunication industry with particular focus on regulatory affairs, strategic planning, value added services and international interconnection agreements. Before joying Etelix in year 2013 as Chief Operation Officer and Chief Financial Officer, Mr. Quintana acted between June 2004 and May 2013 as Interconnection and Value-Added Services Manager at Digitel (a mobile service provider in Venezuela, formerly a Telecom Italia Mobile subsidiary). He holds a Bachelor Degree in Business Administration and a Specialist Degree in Economics, both from the Universidad Catolica Andres Bello. He also holds a Master in Telecommunications from the EOI Business School in Spain.</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><B>Juan Carlos Lopez Silva</B></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>Juan Carlos Lopez is an Engineer graduated from Universidad de Los Andes, with a Master degree in Project Management from the Pontificia Universidad Javeriana; and MBA from EADA Business School; with more than 20 years of experience in project management, negotiation, business development and management on international companies. Previous to joining Etelix in August 2011 as Chief Commercial Officer, Juan Carlos was International Carrier Relations Manager at Colombia Telecomunicaciones S.A. Esp. a subsidiary of Telefonica of Spain, between September 2003 and June 2011. </P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>There are no family relationships between the above appointments and any of the Company&#8217;s directors or executive officers.</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>Aside from the Purchase Agreement and the Employment Agreements, the above appointments have not had any material direct or indirect interest in any of the Company&#8217;s transactions or proposed transactions over the last two years.</P>
<P align=justify style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
<HR style='page-break-after:always;border:0;height:3pt;background-color:#909090;margin:8pt 0'><P style=line-height:0;margin:0></P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><B>SECTION 9 &#8211; FINANCIAL STATEMENTS AND EXHIBITS</B></P>
<P style='font:10pt Times New Roman;margin:0'><B> </B>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'><B>ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS. </B></P>
<P style='font:10pt Times New Roman;margin:0;text-indent:-72pt;margin-left:72pt'>&nbsp;</P>
<TABLE style=border-collapse:collapse;width:100%><TR><TD valign=top><P style='font:10pt Courier New;margin:0'><FONT style='font:10pt Times New Roman'><B>Exhibit No.</B></FONT></P>
</TD><TD valign=top><P style='font:10pt Courier New;margin:0'><FONT style='font:10pt Times New Roman'><B>Description</B></FONT></P>
</TD></TR>
<TR><TD valign=top><P style='font:10pt Courier New;margin:0'><FONT style='font:10pt Times New Roman'>2.1</FONT></P>
</TD><TD valign=top><P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>Membership Interest Purchase Agreement*</FONT></P>
</TD></TR>
<TR><TD valign=top><P style='font:10pt Courier New;margin:0'><FONT style='font:10pt Times New Roman'>10.1 </FONT></P>
</TD><TD valign=top><P style='font:10pt Times New Roman;margin:0'><A href='http://www.sec.gov/Archives/edgar/data/827876/000166357716000191/ex99_1.htm' style=text-decoration:none><FONT style=font-size:10pt>Conversion</FONT></A><FONT style=font-size:10pt> Agreement with Carmen Cabell*</FONT></P>
</TD></TR>
<TR><TD valign=top><P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>10.2</FONT></P>
</TD><TD valign=top><P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>Conversion Agreement with Patrick Gosselin*</FONT></P>
</TD></TR>
<TR><TD valign=top><P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>10.3</FONT></P>
</TD><TD valign=top><P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>Conversion Agreement with Mark Engler*</FONT></P>
</TD></TR>
<TR><TD valign=top><P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>10.4</FONT></P>
</TD><TD valign=top><P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>Employment Agreement with Leandro Iglesias*</FONT></P>
</TD></TR>
<TR><TD valign=top><P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>10.5</FONT></P>
</TD><TD valign=top><P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>Employment Agreement with Alvaro Quintana Cardona*</FONT></P>
</TD></TR>
<TR><TD valign=top><P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>10.6</FONT></P>
</TD><TD valign=top><P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>Employment Agreement with Juan Carlos Lopez Silva*</FONT></P>
</TD></TR>
<TR><TD valign=top><P style='font:10pt Times New Roman;margin:0'><A href=f8ka121018_ex99z1.htm style=text-decoration:none><FONT style='font-size:10pt;color:#0000FF;border-bottom:1px solid #0000FF'>99.1</FONT></A></P>
</TD><TD valign=top><P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>Audited financial information for Etelix</FONT></P>
</TD></TR>
<TR><TD valign=top><P style='font:10pt Times New Roman;margin:0'><A href=f8ka121018_ex99z2.htm style=text-decoration:none><FONT style='font-size:10pt;color:#0000FF;border-bottom:1px solid #0000FF'>99.2</FONT></A></P>
</TD><TD valign=top><P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>Interim financial information for Etelix</FONT></P>
</TD></TR>
<TR><TD valign=top><P style='font:10pt Times New Roman;margin:0'><A href=f8ka121018_ex99z3.htm style=text-decoration:none><FONT style='font-size:10pt;color:#0000FF;border-bottom:1px solid #0000FF'>99.3</FONT></A></P>
</TD><TD valign=top><P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>Unaudited pro forma financial information</FONT></P>
</TD></TR>
</TABLE>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'><B>* Previously filed.</B></P>
<P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'><B>SIGNATURES</B></P>
<P style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>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 hereunto duly authorized.</P>
<P style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'><B>PureSnax International, Inc.</B></P>
<P style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
<TABLE align=center style=border-collapse:collapse;width:100%><TR style=height:7.2pt><TD valign=top><P style='font:10pt Times New Roman;margin:0'><FONT style='font-size:10pt;border-bottom:1px solid #000000'><I>/s/ Leandro Iglesias</I></FONT></P>
</TD></TR>
<TR style=height:7.2pt><TD valign=top><P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>Leandro Iglesias </FONT></P>
</TD></TR>
<TR style=height:7.2pt><TD valign=top><P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>Chief Executive Officer</FONT></P>
</TD></TR>
<TR style=height:7.2pt><TD valign=top><P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt> </FONT>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=top><P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>Date: December 14, 2018 </FONT></P>
</TD></TR>
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<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
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<TYPE>EX-99.1
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<DESCRIPTION>EXHIBIT 99.1 AUDITED FINANCIAL INFORMATION FOR ETELIX
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<TITLE>Exhibit 99.1 Audited financial information for Etelix</TITLE>
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<P align=center style='font:10pt Times New Roman;margin:0'><B>ETELIX,COM USA LLC</B></P>
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<TR style=height:7.2pt><TD valign=top><P align=justify style='font:10pt Times New Roman;margin:0'>Balance Sheets as of December 31, 2017 and 2016</P>
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</TD></TR>
<TR style=height:7.2pt><TD valign=top><P align=justify style='font:10pt Times New Roman;margin:0'>Statements of Changes in Members&#8217; Equity (Deficit) for the years ended December 31, 2017 and 2016</P>
</TD><TD valign=middle><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom><P align=center style='font:10pt Times New Roman;margin:0'>5</P>
</TD><TD valign=middle><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=top><P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=middle><P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=middle><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=top><P align=justify style='font:10pt Times New Roman;margin:0'>Statements of Cash Flows for the years ended December 31, 2017 and 2016</P>
</TD><TD valign=middle><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom><P align=center style='font:10pt Times New Roman;margin:0'>6</P>
</TD><TD valign=middle><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=top><P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=middle><P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=middle><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=top><P align=justify style='font:10pt Times New Roman;margin:0'>Notes to Financial Statements</P>
</TD><TD valign=middle><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom><P align=center style='font:10pt Times New Roman;margin:0'>7</P>
</TD><TD valign=middle><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
</TABLE>
<P style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
<P style='font:10pt Times New Roman;margin-top:0pt;margin-bottom:8pt'><A name=bs />&nbsp;</P>
<HR style='page-break-after:always;border:0;height:3pt;background-color:#909090;margin:8pt 0'><P style=line-height:0;margin:0></P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:20pt Cooper Black;margin:0;color:#009900'>Boyle CPA, LLC</P>
<P style='font:14pt Calibri;margin:0'><FONT style='font:14pt Times New Roman;color:#0070C0'>Certified Public Accountant &amp; Consultant</FONT></P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'>REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</P>
<P style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>To the Members of Etelix.com USA LLC</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'><FONT style='border-bottom:1px solid #000000'>Opinion on the Financial Statements</FONT></P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>We have audited the accompanying balance sheets of Etelix.com USA LLC (the &#8220;Company&#8221;) as of December 31, 2017 and 2016, the related statements of operations, member&#8217;s equity (deficit), and cash flows for each of the years in the two-year period ended December 31, 2017, and the related notes (collectively referred to as the &#8220;financial statements&#8221;). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2017 and 2016, and the results of its operations and its cash flows for each of the two years in the period ended December 31, 2017, in conformity with accounting principles generally accepted in the United States of America. </P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'><FONT style='border-bottom:1px solid #000000'>Basis of Opinion</FONT></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>These financial statements are the responsibility of the Company&#8217;s management. Our responsibility is to express an opinion on the Company&#8217;s financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (&#8220;PCAOB&#8221;) and are required to be independent with respect to the Company in accordance with U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB. </P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>We conducted our audits in accordance with standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to fraud or error. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing and opinion on the effectiveness of the Company&#8217;s internal control over financial reporting. Accordingly, we express no such opinion.</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'><FONT style='background-color:#FFFFFF;border-bottom:1px solid #000000'>Substantial Doubt About the Company&#8217;s Ability to Continue as a Going Concern</FONT></P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>As discussed in Note 3 to the consolidated financial statements, the Company&#8217;s lack of cash and lack of an established source of revenues raises substantial doubt about its ability to continue as a going concern for one year from the issuance of these financial statements. Management&#8217;s plans are also described in Note 3. The financial statements do not include adjustments that might result from the outcome of this uncertainty.</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'><FONT style='border-bottom:1px solid #000000'><I>/s/ Boyle CPA, LLC</I></FONT></P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>We have served as the Company&#8217;s auditor since 2018</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>Bayville, NJ</P>
<P style='font:10pt Times New Roman;margin:0'>December 5, 2018</P>
<HR style='border:0;height:0;width:0;margin:14pt 0 0 0'><P align=center style='font:10pt Times New Roman;margin:0'>2</P>
<HR style='page-break-after:always;border:0;height:3pt;background-color:#909090;margin:8pt 0'><P style=line-height:0;margin:0></P>
<P style='font:10pt Times New Roman;margin-top:0pt;margin-bottom:8pt'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'><B>ETELIX.COM USA LLC</B></P>
<P align=center style='font:10pt Times New Roman;margin:0'><B>Balance Sheets</B></P>
<P align=justify style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
<TABLE align=center style=border-collapse:collapse;width:88.26%><TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=bottom style=white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'><B>December 31,</B></P>
</TD><TD valign=bottom style=white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=bottom style=white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'><B>December 31,</B></P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0'><B>2017</B></P>
</TD><TD valign=bottom style=white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0'><B>2016</B></P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'><B>ASSETS</B></P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>Current Assets</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0;text-indent:10pt'>Cash and cash equivalent</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0;text-indent:10pt'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>23,266</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>17,885</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0;text-indent:10pt'>Accounts receivable</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0;text-indent:10pt'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>1,099,533</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>2,909,771</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0;text-indent:10pt'>Other current assets</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0;text-indent:10pt'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>132,576</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>78,365</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>Total Current Assets</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0'>1,255,375</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0'>3,006,021</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>Fixed assets, net</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>305,031</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>357,332</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'><B>TOTAL ASSETS</B></P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><P style='font:10pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><P align=right style='font:10pt Times New Roman;margin:0'>1,560,406</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><P style='font:10pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><P align=right style='font:10pt Times New Roman;margin:0'>3,363,353</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'><B>LIABILITIES AND MEMBERS&#180;S EQUITY</B></P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'><B>Current Liabilities</B></P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0;text-indent:10pt'>Accounts payable</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0;text-indent:10pt'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>748,542</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>2,636,761</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0;text-indent:10pt'>Loans payable</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0;text-indent:10pt'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>227,958</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>-</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0;text-indent:10pt'>Other current liabilities</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0;text-indent:10pt'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>262,581</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>94,811</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>Total Current Liabilities</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000'><P style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0'>1,239,081</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000'><P style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0'>2,731,572</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>Long-term loans payable &#8211; related parties</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>136,037</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>90,787</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'><B>TOTAL LIABILITIES</B></P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0'>1,375,118</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0'>2,822,359</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'><B>MEMBERS' EQUITY</B></P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>Membership equity</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>748,515</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>748,515</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>Accumulated deficit</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>(563,227)</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>(207,521)</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>Total Members&#8217; Equity</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0'>185,288</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0'>540,994</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'><B>TOTAL LIABILITIES AND MEMBERS&#180; EQUITY</B></P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:3px double #000000'><P style='font:10pt Times New Roman;margin:0'><B>$</B></P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:3px double #000000'><P align=right style='font:10pt Times New Roman;margin:0'><B>1,560,406</B></P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:3px double #000000'><P style='font:10pt Times New Roman;margin:0'><B>$</B></P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:3px double #000000'><P align=right style='font:10pt Times New Roman;margin:0'><B>3,363,353</B></P>
</TD></TR>
</TABLE>
<P align=center style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'>The accompanying notes are an integral part of these financial statements.</P>
<HR style='border:0;height:0;width:0;margin:14pt 0 0 0'><P align=center style='font:10pt Times New Roman;margin:0'>3</P>
<HR style='page-break-after:always;border:0;height:3pt;background-color:#909090;margin:8pt 0'><P style=line-height:0;margin:0></P>
<P style='font:10pt Times New Roman;margin-top:0pt;margin-bottom:8pt'><A name=so />&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'><B>ETELIX.COM USA LLC</B></P>
<P align=center style='font:10pt Times New Roman;margin:0'><B>Statements of Operations</B></P>
<P align=justify style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
<TABLE align=center style=border-collapse:collapse;width:384.05pt><TR style=height:7.2pt><TD valign=middle style=width:166.5pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=middle style=width:14.75pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=5 valign=middle style=width:202.8pt;white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'><B>Year Ended</B></P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=width:166.5pt;white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=middle style=width:14.75pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=5 valign=middle style=width:202.8pt;white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'><B>December 31,</B></P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=width:166.5pt;white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:14.75pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=bottom style='width:95.85pt;white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0'><B>2017</B></P>
</TD><TD valign=bottom style=width:11.1pt;white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=bottom style='width:95.85pt;white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0'><B>2016</B></P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=width:166.5pt;white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:14.75pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:15.8pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:80.05pt;white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:11.1pt;white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:15.8pt;white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:80.05pt;white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=width:166.5pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>Revenue</P>
</TD><TD valign=bottom style=width:14.75pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:15.8pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style=width:80.05pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>7,514,855</P>
</TD><TD valign=bottom style=width:11.1pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:15.8pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style=width:80.05pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>4,067,808</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=width:166.5pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>Cost of revenue</P>
</TD><TD valign=bottom style=width:14.75pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:15.8pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:80.05pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>(6,896,806)</P>
</TD><TD valign=bottom style=width:11.1pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:15.8pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:80.05pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>(3,484,471)</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=width:166.5pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>Gross profit</P>
</TD><TD valign=bottom style=width:14.75pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='width:15.8pt;white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
</TD><TD valign=bottom style='width:80.05pt;white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0'>618,049</P>
</TD><TD valign=bottom style=width:11.1pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='width:15.8pt;white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
</TD><TD valign=bottom style='width:80.05pt;white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0'>583,337</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=width:166.5pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:14.75pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:15.8pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:80.05pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:11.1pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:15.8pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:80.05pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=width:166.5pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>Operating Expenses</P>
</TD><TD valign=bottom style=width:14.75pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:15.8pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:80.05pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:11.1pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:15.8pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:80.05pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=width:166.5pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0;text-indent:10pt'>General and administrative </P>
</TD><TD valign=bottom style=width:14.75pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0;text-indent:10pt'>&nbsp;</P>
</TD><TD valign=bottom style=width:15.8pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0;text-indent:10pt'>&nbsp;</P>
</TD><TD valign=bottom style=width:80.05pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>692,053</P>
</TD><TD valign=bottom style=width:11.1pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:15.8pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:80.05pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>512,912</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=width:166.5pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>Total operating expenses</P>
</TD><TD valign=bottom style=width:14.75pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='width:15.8pt;white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
</TD><TD valign=bottom style='width:80.05pt;white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0'>692,053</P>
</TD><TD valign=bottom style=width:11.1pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='width:15.8pt;white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
</TD><TD valign=bottom style='width:80.05pt;white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0'>512,912</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=width:166.5pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:14.75pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:15.8pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:80.05pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:11.1pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:15.8pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:80.05pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=width:166.5pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'><B>Other income (expense)</B></P>
</TD><TD valign=bottom style=width:14.75pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:15.8pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:80.05pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:11.1pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:15.8pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:80.05pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=width:166.5pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0;text-indent:10pt'>Other income</P>
</TD><TD valign=bottom style=width:14.75pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0;text-indent:10pt'>&nbsp;</P>
</TD><TD valign=bottom style=width:15.8pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0;text-indent:10pt'>&nbsp;</P>
</TD><TD valign=bottom style=width:80.05pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=width:11.1pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:15.8pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:80.05pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>17,338</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=width:166.5pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0;text-indent:10pt'>Other expense</P>
</TD><TD valign=bottom style=width:14.75pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0;text-indent:10pt'>&nbsp;</P>
</TD><TD valign=bottom style=width:15.8pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0;text-indent:10pt'>&nbsp;</P>
</TD><TD valign=bottom style=width:80.05pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>(40,924)</P>
</TD><TD valign=bottom style=width:11.1pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:15.8pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:80.05pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>(18,517)</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=width:166.5pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0;text-indent:10pt'>Interest expense</P>
</TD><TD valign=bottom style=width:14.75pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0;text-indent:10pt'>&nbsp;</P>
</TD><TD valign=bottom style=width:15.8pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0;text-indent:10pt'>&nbsp;</P>
</TD><TD valign=bottom style=width:80.05pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>(240,778)</P>
</TD><TD valign=bottom style=width:11.1pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:15.8pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:80.05pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>(13,200)</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=width:166.5pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>Total other income (expense)</P>
</TD><TD valign=bottom style=width:14.75pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='width:15.8pt;white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
</TD><TD valign=bottom style='width:80.05pt;white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0'>(281,702)</P>
</TD><TD valign=bottom style=width:11.1pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='width:15.8pt;white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
</TD><TD valign=bottom style='width:80.05pt;white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0'>(14,379)</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=width:166.5pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:14.75pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:15.8pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:80.05pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:11.1pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:15.8pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:80.05pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=width:166.5pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'><B>Net income (loss) before taxes</B></P>
</TD><TD valign=bottom style=width:14.75pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:15.8pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:80.05pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>(355,706)</P>
</TD><TD valign=bottom style=width:11.1pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:15.8pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:80.05pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>56,046</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=width:166.5pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>Income tax expense</P>
</TD><TD valign=bottom style=width:14.75pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:15.8pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:80.05pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=width:11.1pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:15.8pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:80.05pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>(4,686)</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=width:166.5pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'><B>Net income (loss)</B></P>
</TD><TD valign=bottom style=width:14.75pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='width:15.8pt;white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><P style='font:10pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style='width:80.05pt;white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><P align=right style='font:10pt Times New Roman;margin:0'>(355,706)</P>
</TD><TD valign=bottom style=width:11.1pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='width:15.8pt;white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><P style='font:10pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style='width:80.05pt;white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><P align=right style='font:10pt Times New Roman;margin:0'>51,360</P>
</TD></TR>
</TABLE>
<P align=center style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'>The accompanying notes are an integral part of these financial statements.</P>
<P align=justify style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
<HR style='border:0;height:0;width:0;margin:14pt 0 0 0'><P align=center style='font:10pt Times New Roman;margin:0'>4</P>
<HR style='page-break-after:always;border:0;height:3pt;background-color:#909090;margin:8pt 0'><P style=line-height:0;margin:0></P>
<P style='font:10pt Times New Roman;margin-top:0pt;margin-bottom:8pt'><A name=seq />&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'><B>ETELIX.COM USA LLC</B></P>
<P align=center style='font:10pt Times New Roman;margin:0'><B>Statements of Changes in Members&#8217; Equity (Deficit)</B></P>
<P align=center style='font:10pt Times New Roman;margin:0'><B>For the years ended December 31, 2017 and 2016</B></P>
<P align=justify style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
<TABLE align=center style=border-collapse:collapse;width:81.12%><TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000' rowspan='3'><P align=center style='font:10pt Times New Roman;margin:0'><B>Total</B></P>
<P align=center style='font:10pt Times New Roman;margin:0'><B>Members'</B></P>
<P align=center style='font:10pt Times New Roman;margin:0'><B>Equity</B></P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'><B>Membership </B></P>
<P align=center style='font:10pt Times New Roman;margin:0'><B>Equity</B></P>
</TD><TD valign=bottom style=white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'><B>Retained</B></P>
</TD><TD valign=bottom style=white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0'><B>Amount</B></P>
</TD><TD valign=bottom style=white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0'><B>Earnings</B></P>
</TD><TD valign=bottom style=white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000'><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>Balance - December 31, 2015</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>551,515</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>(258,881)</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>292,634</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>Capital contribution</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>197,000</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>197,000</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>Net income</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>51,360</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>51,360</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>Balance - December 31, 2016</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0'>748,515</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0'>(207,521)</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0'>540,994</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>Net loss</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>(355,706)</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>(355,706)</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>Balance - December 31, 2017</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><P align=right style='font:10pt Times New Roman;margin:0'>748,515</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><P align=right style='font:10pt Times New Roman;margin:0'>(563,227)</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><P align=right style='font:10pt Times New Roman;margin:0'>185,288</P>
</TD></TR>
</TABLE>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'>The accompanying notes are an integral part of these financial statements.</P>
<P align=justify style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
<HR style='border:0;height:0;width:0;margin:14pt 0 0 0'><P align=center style='font:10pt Times New Roman;margin:0'>5</P>
<HR style='page-break-after:always;border:0;height:3pt;background-color:#909090;margin:8pt 0'><P style=line-height:0;margin:0></P>
<P style='font:10pt Times New Roman;margin-top:0pt;margin-bottom:8pt'><A name=cf />&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'><B>ETELIX.COM USA LLC</B></P>
<P align=center style='font:10pt Times New Roman;margin:0'><B>Statements of Cash Flows</B></P>
<P align=justify style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
<TABLE align=center style=border-collapse:collapse;width:102.06%><TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=5 valign=middle style=white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'><B>Year Ended</B></P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=5 valign=middle style=white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'><B>December 31,</B></P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0'><B>2017</B></P>
</TD><TD valign=bottom style=white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0'><B>2016</B></P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'><B>CASH FLOWS FROM OPERATING ACTIVITIES:</B></P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'><B>Net income (loss)</B></P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>(355,706)</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>51,360</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'><B>Adjustments to reconcile net loss to net cash used in operating activities:</B></P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0;text-indent:10pt'>Depreciation and Amortization</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0;text-indent:10pt'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>52,301</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>62,850</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>Changes in operating assets and liabilities:</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0;text-indent:10pt'>Accounts receivable</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0;text-indent:10pt'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>1,810,238</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>(2,313,931)</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0;text-indent:10pt'>Other current assets</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0;text-indent:10pt'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>(54,211)</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>(36,056)</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0;text-indent:10pt'>Accounts payable</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0;text-indent:10pt'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>(1,888,219)</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>1,867,670</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0;text-indent:10pt'>Other current liabilities</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0;text-indent:10pt'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>167,770</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>79,113</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>Net cash used in operating activities</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0'>(267,827)</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0'>(288,994)</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'><B>CASH FLOWS FROM INVESTING ACTIVITIES:</B></P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>Purchase of fixed assets</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>(11,112)</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'><B>Net cash used in investing activities</B></P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0'><B>-</B></P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0'><B>(11,112)</B></P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'><B>CASH FLOWS FROM FINANCING ACTIVITY:</B></P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>Capital contribution</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>197,000</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>Proceeds from loans payable - related parties</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>45,250</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>105,787</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>Repayment of loans payable - related parties</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>(15,000)</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>Loan payable</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>686,568</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>-</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>Repayment of loan payable</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>(458,610)</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>-</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'><B>Net cash provided by financing activity</B></P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0'><B>273,208</B></P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0'><B>287,787</B></P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>Net change in cash and cash equivalents</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>5,381</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>(12,319)</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>Cash and cash equivalents - Beginning of period</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>17,885</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>30,204</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>Cash and Cash Equivalents - end of Period</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><P style='font:10pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><P align=right style='font:10pt Times New Roman;margin:0'>23,266</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><P style='font:10pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><P align=right style='font:10pt Times New Roman;margin:0'>17,885</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'><B>SUPPLEMENTAL CASH FLOW INFORMATION:</B></P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0;text-indent:10pt'>Cash paid for income taxes</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0;text-indent:10pt'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:3px double #000000'><P style='font:10pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:3px double #000000'><P align=right style='font:10pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:3px double #000000'><P style='font:10pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:3px double #000000'><P align=right style='font:10pt Times New Roman;margin:0'>-</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0;text-indent:10pt'>Cash paid for interest</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0;text-indent:10pt'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:3px double #000000'><P style='font:10pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:3px double #000000'><P align=right style='font:10pt Times New Roman;margin:0'>218,268</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:3px double #000000'><P style='font:10pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:3px double #000000'><P align=right style='font:10pt Times New Roman;margin:0'>-</P>
</TD></TR>
</TABLE>
<P align=center style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'>The accompanying notes are an integral part of these financial statements.</P>
<P align=justify style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
<HR style='border:0;height:0;width:0;margin:14pt 0 0 0'><P align=center style='font:10pt Times New Roman;margin:0'>6</P>
<HR style='page-break-after:always;border:0;height:3pt;background-color:#909090;margin:8pt 0'><P style=line-height:0;margin:0></P>
<P style='font:10pt Times New Roman;margin-top:0pt;margin-bottom:8pt'><A name=note />&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'><B>ETELIX.COM USA LLC</B></P>
<P align=center style='font:10pt Times New Roman;margin:0'><B>Notes to the Financial Statements</B></P>
<P align=center style='font:10pt Times New Roman;margin:0'><B>December 31, 2017 and 2016</B></P>
<P align=justify style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><B>NOTE 1 -ORGANIZATION AND DESCRIPTION OF BUSINESS</B></P>
<P align=justify style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>ETELIX,COM USA LLC (the &#8220;Company&#8221;) is a Florida corporation incorporated on September 30, 2008. </P>
<P align=justify style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>The Company has been engaged in the business of telecommunication services as a wholesale carrier of voice and data for other telecom companies around the World with more than 150 active interconnection agreements with mobile companies, fix line companies and other wholesale carriers. </P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><B>NOTE 2 -SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</B></P>
<P align=justify style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><B><I>Basis of Presentation</I></B></P>
<P align=justify style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>The financial statements and related disclosures have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (&#8220;SEC&#8221;). The financial statements have been prepared in accordance with Generally Accepted Accounting Principles (&#8220;GAAP&#8221;) of the United States. The Company&#8217;s fiscal year end is December 31.</P>
<P align=justify style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><B><I>Use of Estimates</I></B></P>
<P align=justify style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>The preparation of financial statements in conformity with GAAP 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. The estimates and judgments will also affect the reported amounts for certain revenues and expenses during the reporting period. Actual results could differ from these good faith estimates and judgments.</P>
<P align=justify style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><B><I>Cash and Cash Equivalents</I></B></P>
<P align=justify style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>Cash and cash equivalents include cash in banks, money market funds, and certificates of term deposits with maturities of less than three months from inception, which are readily convertible to known amounts of cash and which, in the opinion of management, are subject to an insignificant risk of loss in value.</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><B><I>Accounts Receivable and Allowance for Uncollectible Accounts</I></B></P>
<P align=justify style='font:10pt Times New Roman;margin:0;text-indent:36pt'> &nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>Substantially all of the Company&#8217;s accounts receivable balance is related to trade receivables. Trade accounts receivable are recorded at the invoiced amount and do not bear interest. The allowance for doubtful accounts is the Company&#8217;s best estimate of the amount of probable credit losses in its existing accounts receivable. The Company reviews its allowance for doubtful accounts daily, past due balances over 60 days and a specified amount are reviewed individually for collectability. Account balances are charged off after all means of collection have been exhausted and the potential for recovery is considered remote. As of December 31, 2017 and 2016, the Company had no valuation allowance for doubtful accounts for the Company&#8217;s accounts receivable and recorded no bad debt expense.</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><B><I>Long-Lived Assets</I></B></P>
<P align=justify style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>Long-lived assets are evaluated for impairment whenever events or changes in business circumstances indicate that the carrying amount of the assets may not be fully recoverable or that the useful lives of these assets are no longer appropriate. Each impairment test is based on a comparison of the undiscounted future cash flows to the recorded value of the asset. If impairment is indicated, the asset is written down to its estimated fair value.</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><B><I>Fixed Assets</I></B></P>
<P align=justify style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>Fixed assets, consisting of telecommuting equipment and software, is recorded at cost reduced by accumulated depreciation and amortization. Depreciation and amortization expense is recognized over the assets&#8217; estimated useful lives of 3 years for computers and laptops, 5 years for telecommunications equipment and switches; and 5 years for software using the straight-line method. Major additions and improvements are capitalized as additions to the property and equipment accounts, while replacements, maintenance and repairs that do not improve or extend the life of the respective assets, are expensed as incurred. Estimated useful lives are periodically reviewed and, when appropriate, changes are made prospectively. When certain events or changes in operating conditions occur, asset lives may be adjusted and an impairment assessment may be performed on the recoverability of the carrying amounts.</P>
<HR style='border:0;height:0;width:0;margin:14pt 0 0 0'><P align=center style='font:10pt Times New Roman;margin:0'>7</P>
<HR style='page-break-after:always;border:0;height:3pt;background-color:#909090;margin:8pt 0'><P style=line-height:0;margin:0></P>
<P style='font:10pt Times New Roman;margin-top:0pt;margin-bottom:8pt'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'><B>ETELIX.COM USA LLC</B></P>
<P align=center style='font:10pt Times New Roman;margin:0'><B>Notes to the Financial Statements</B></P>
<P align=center style='font:10pt Times New Roman;margin:0'><B>December 31, 2017 and 2016</B></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><B>NOTE 2 -SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)</B></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><B><I>Concentrations of Credit Risk</I></B> </P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>The Company&#8217;s financial instruments that are exposed to concentrations of credit risk primarily consist of its cash and cash equivalents and related party payables that it will likely incur in the near future. The Company places its cash and cash equivalents with financial institutions of high creditworthiness. At times, its cash and cash equivalents with a particular financial institution may exceed any applicable government insurance limits. </P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>During the year ended December 31, 2017 and 2016, 16 customers represented 61 % of our revenues and 14 customers represented 62% of our revenues, respectively. </P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><B><I>Financial Instruments</I></B></P>
<P align=justify style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>The Company follows ASC 820, &#8220;<I>Fair Value Measurements and Disclosures,</I>&#8221; which defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value hierarchy that distinguishes between (1) market participant assumptions developed based on market data obtained from independent sources (observable inputs) and (2) an entity&#8217;s own assumptions about market participant assumptions developed based on the best information available in the circumstances (unobservable inputs). The fair value hierarchy consists of three broad levels, which gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The three levels of the fair value hierarchy are described below:</P>
<P align=justify style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><FONT style='border-bottom:1px solid #000000'>Level 1</FONT></P>
<P align=justify style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities.</P>
<P align=justify style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><FONT style='border-bottom:1px solid #000000'>Level 2</FONT></P>
<P align=justify style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data.</P>
<P align=justify style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><FONT style='border-bottom:1px solid #000000'>Level 3</FONT></P>
<P align=justify style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.</P>
<P align=justify style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>The carrying values of our financial instruments, including, cash and cash equivalents, accounts receivable, other assets, accounts payable and other current liabilities and due to related party approximate their fair values due to the short-term maturities of these financial instruments.</P>
<P align=justify style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>Transactions involving related parties cannot be presumed to be carried out on an arm&#8217;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&#8217;s-length transactions unless such representations can be substantiated. It is not, however, practical to determine the fair value of amounts due to related party&#8217;s due to their related party nature.</P>
<P align=justify style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><B><I>Income Taxes</I></B></P>
<P align=justify style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>The Company uses the liability method of accounting for income taxes. Under the liability method, deferred tax assets and liabilities are determined based on differences between financial reporting and the tax basis of assets, liabilities, the carry forward of operating losses and tax credits, and are measured using the enacted tax rates and laws that will be in effect when the differences are expected to reverse. An allowance against deferred tax assets is recorded when it is more likely than not that such tax benefits will not be realized.</P>
<HR style='border:0;height:0;width:0;margin:14pt 0 0 0'><P align=center style='font:10pt Times New Roman;margin:0'>8</P>
<HR style='page-break-after:always;border:0;height:3pt;background-color:#909090;margin:8pt 0'><P style=line-height:0;margin:0></P>
<P style='font:10pt Times New Roman;margin-top:0pt;margin-bottom:8pt'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'><B>ETELIX.COM USA LLC</B></P>
<P align=center style='font:10pt Times New Roman;margin:0'><B>Notes to the Financial Statements</B></P>
<P align=center style='font:10pt Times New Roman;margin:0'><B>December 31, 2017 and 2016</B></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><B>NOTE 2 -SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)</B></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><B><I>Related Parties</I></B></P>
<P align=justify style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>The Company follows ASC 850,<I> &#8220;Related Party Disclosures,&#8221; </I>for the identification of related parties and disclosure of related party transactions (see Note 10).</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><B><I>Revenue Recognition</I></B></P>
<P align=justify style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>The Company recognizes revenue from the sale of products in accordance with ASC 605, &#8220;<I>Revenue Recognition.&#8221;</I> The Company recognizes revenue only when all of the following criteria have been met:</P>
<P align=justify style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'><KBD style='position:absolute;font:10pt Times New Roman;margin-left:21.6pt'>i)</KBD><KBD style=margin-left:43.2pt></KBD>Persuasive evidence for an agreement exists;&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'><KBD style='position:absolute;font:10pt Times New Roman;margin-left:21.6pt'>ii)</KBD><KBD style=margin-left:43.2pt></KBD>Service has been provided;&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'><KBD style='position:absolute;font:10pt Times New Roman;margin-left:21.6pt'>iii)</KBD><KBD style=margin-left:43.2pt></KBD>The fee is fixed or determinable; and,&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'><KBD style='position:absolute;font:10pt Times New Roman;margin-left:21.6pt'>iv)</KBD><KBD style=margin-left:43.2pt></KBD>Collection is reasonably assured.&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>The Company recognizes revenue related to monthly usage charges and other recurring charges during the period in which the telecommunication services are rendered. provided that persuasive evidence of a sales arrangement existed, and collection was reasonably assured. Persuasive evidence of a sales arrangement existed upon execution of a written interconnection agreement. The Company&#8217;s payment terms vary by clients.</P>
<P align=justify style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><B><I>Cost of revenue </I></B></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>Costs of revenue represent direct charges from vendors that the Company incurs to deliver services to its customers. These costs primarily consist of usage charges for calls terminated in vendor&#8217;s network. </P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><B><I>Recent Accounting Pronouncements</I></B></P>
<P align=justify style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>In May 2014, the FASB issued ASU 2014-09, &#8220;Revenue from Contracts with Customers (Topic 606)&#8221;, which supersedes nearly all existing revenue recognition guidance under accounting principles generally accepted in the United States of America. The core principle of this ASU is that revenue should be recognized for the amount of consideration expected to be received for promised goods or services transferred to customers. This ASU also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments, and assets recognized for costs incurred to obtain or fulfill a contract. ASU 2014-09 was scheduled to be effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. In August 2015, the FASB issued ASU 2015-14, &#8220;Revenue from Contracts with Customers (Topic 606): Deferral of Effective Date,&#8221; which deferred the effective date of ASU 2014-09 by one year and allowed entities to early adopt, but no earlier than the original effective date. ASU 2014-09 is now effective for public business entities for the annual reporting period beginning January 1, 2018. This update allows for either full retrospective or modified retrospective adoption. In April 2016, the FASB issued ASU 2016-10, &#8220;Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing,&#8221; which amends guidance previously issued on these matters in ASU 2014-09. The effective date and transition requirements of ASU 2016-10 are the same as those for ASU 2014-09. In May 2016, the FASB issued ASU 2016-12, &#8220;Revenue from Contracts with Customers (Topic 606): Narrow Scope Improvements and Practical Expedients,&#8221; which clarifies certain aspects of the guidance, including assessment of collectability, treatment of sales taxes and contract modifications, and providing certain technical corrections. The effective date and transition requirements of ASU 2016-12 are the same as those for ASU 2014-09.</P>
<P align=justify style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>The Company will adopt the new guidance as of January 1, 2018. The Company has evaluated the new guidance and the adoption is not expected to have a significant impact on the Company&#8217;s financial statements and a cumulative effect adjustment under the modified retrospective method of adoption will not be necessary. There will be no change to the Company&#8217;s accounting policies.</P>
<P align=justify style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
<HR style='border:0;height:0;width:0;margin:14pt 0 0 0'><P align=center style='font:10pt Times New Roman;margin:0'>9</P>
<HR style='page-break-after:always;border:0;height:3pt;background-color:#909090;margin:8pt 0'><P style=line-height:0;margin:0></P>
<P style='font:10pt Times New Roman;margin-top:0pt;margin-bottom:8pt'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'><B>ETELIX.COM USA LLC</B></P>
<P align=center style='font:10pt Times New Roman;margin:0'><B>Notes to the Financial Statements</B></P>
<P align=center style='font:10pt Times New Roman;margin:0'><B>December 31, 2017 and 2016</B></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><B>NOTE 3 - GOING CONCERN</B></P>
<P align=justify style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>The Company's financial statements are prepared using accounting principles generally accepted in the United States of America applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company does not have significant cash or other current assets, nor does it have an established source of revenues sufficient to cover its operating costs and to allow it to continue as a going concern. In addition, as of December 31, 2017, the Company had accumulated deficit of $563,227 and a net loss of $355,706 for the year ended December 31, 2017. These factors, among others, raise substantial doubt about the Company&#8217;s ability to continue as a going concern. The financial statements do not include any adjustments that might result from the outcome of this uncertainty. </P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish its business plan and eventually attain profitable operations. </P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>During the next year, the Company's foreseeable cash requirements will relate to continual development of the operations of its business, maintaining its good standing and marketing expenses. The Company may experience a cash shortfall and be required to raise additional capital.</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>Historically, the Company has relied upon funds from its members. Management may raise additional capital through future public or private offerings of the Company's stock or through loans from private investors, although there can be no assurance that it will be able to obtain such financing. The Company's failure to do so could have a material and adverse effect upon its operations and its members.</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><B>NOTE 4 &#8211; OTHER CURRENT ASSETS</B></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>Other current assets at December 31, 2017 and 2016 consist of the following:</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<TABLE align=center style=border-collapse:collapse;width:78.72%><TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=middle style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=middle style=white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'><B>December 31,</B></P>
</TD><TD valign=middle style=white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=middle style=white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'><B>December 31,</B></P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=middle style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=middle style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0'><B>2017</B></P>
</TD><TD valign=middle style=white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=middle style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0'><B>2016</B></P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>Advance payment to suppliers</P>
</TD><TD valign=middle style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>-</P>
</TD><TD valign=middle style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>8,877</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>Other receivable</P>
</TD><TD valign=middle style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>124,484</P>
</TD><TD valign=middle style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>64,483</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>Prepaid expenses</P>
</TD><TD valign=middle style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0'>8,092</P>
</TD><TD valign=middle style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0'>5,005</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=middle style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:3px double #000000'><P style='font:10pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:3px double #000000'><P align=right style='font:10pt Times New Roman;margin:0'>132,576</P>
</TD><TD valign=middle style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:3px double #000000'><P style='font:10pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:3px double #000000'><P align=right style='font:10pt Times New Roman;margin:0'>78,365</P>
</TD></TR>
</TABLE>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><B>NOTE 5 &#8211; FIXED ASSETS, NET</B></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>Fixed assets, net at December 31, 2017 and 2016 consist of the following:</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<TABLE align=center style=border-collapse:collapse;width:85.2%><TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=middle style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=middle style=white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'><B>December 31,</B></P>
</TD><TD valign=middle style=white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=middle style=white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'><B>December 31,</B></P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=middle style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=middle style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0'><B>2017</B></P>
</TD><TD valign=middle style=white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=middle style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0'><B>2016</B></P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>Telecommunication equipment</P>
</TD><TD valign=middle style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>245,260</P>
</TD><TD valign=middle style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>245,260</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>Telecommunication software</P>
</TD><TD valign=middle style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0'>400,903</P>
</TD><TD valign=middle style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0'>400,903</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>Total fixed assets</P>
</TD><TD valign=middle style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>646,163</P>
</TD><TD valign=middle style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>646,163</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>Accumulated depreciation and amortization</P>
</TD><TD valign=middle style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>(341,132)</P>
</TD><TD valign=middle style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>(288,830)</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P align=justify style='font:10pt Times New Roman;margin:0'>Total Fixed assets</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><P style='font:10pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><P align=right style='font:10pt Times New Roman;margin:0'>305,031</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><P style='font:10pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><P align=right style='font:10pt Times New Roman;margin:0'>357,333</P>
</TD></TR>
</TABLE>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>Depreciation expense for the year ended December 31, 2017 and 2016 amounted to $52,302 and $62,850, respectively.</P>
<HR style='border:0;height:0;width:0;margin:14pt 0 0 0'><P align=center style='font:10pt Times New Roman;margin:0'>10</P>
<HR style='page-break-after:always;border:0;height:3pt;background-color:#909090;margin:8pt 0'><P style=line-height:0;margin:0></P>
<P style='font:10pt Times New Roman;margin-top:0pt;margin-bottom:8pt'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'><B>ETELIX.COM USA LLC</B></P>
<P align=center style='font:10pt Times New Roman;margin:0'><B>Notes to the Financial Statements</B></P>
<P align=center style='font:10pt Times New Roman;margin:0'><B>December 31, 2017 and 2016</B></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><B>NOTE 6 &#8211;LOANS PAYABLE</B></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>Loans payable at December 31, 2017 and 2016 consist of the following:</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<TABLE align=center style=border-collapse:collapse;width:585pt><TR style=height:7.2pt><TD valign=middle style=width:166.5pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=middle style=width:13.5pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=bottom style=width:76.5pt;white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'><B>December 31,</B></P>
</TD><TD valign=bottom style=width:11.8pt;white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=bottom style=width:69.2pt;white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'><B>December 31,</B></P>
</TD><TD valign=bottom style=width:13.5pt;white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:175.5pt;white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:13.5pt><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='width:45pt;white-space:nowrap;border-bottom:0.5pt solid #000000' rowspan='2'><P align=center style='font:10pt Times New Roman;margin:0'><B>Interest</B></P>
<P align=center style='font:10pt Times New Roman;margin:0'><B>rate</B></P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=width:166.5pt;white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=middle style=width:13.5pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=middle style='width:76.5pt;white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0'><B>2017</B></P>
</TD><TD valign=middle style=width:11.8pt;white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=bottom style='width:69.2pt;white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0'><B>2016</B></P>
</TD><TD valign=bottom style=width:13.5pt;white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='width:175.5pt;white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0'><B>Term</B></P>
</TD><TD valign=top style=width:13.5pt><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=top style=width:166.5pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>APP Group Inter</P>
</TD><TD valign=bottom style=width:13.5pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:13.5pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>$</P>
</TD><TD valign=top style=width:63pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>1,390</P>
</TD><TD valign=bottom style=width:11.8pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:11.8pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>$</P>
</TD><TD valign=top style=width:57.4pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=width:13.5pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:175.5pt><P style='font:10pt Times New Roman;margin:0'>Note was issued on June 28, 2017 and due in December 17, 2017</P>
</TD><TD valign=top style=width:13.5pt><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style='width:45pt;white-space:nowrap;border-top:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0'>32.0%</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=top style=width:166.5pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>Complete Business Solutions_2</P>
</TD><TD valign=bottom style=width:13.5pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:13.5pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:63pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>34,438</P>
</TD><TD valign=bottom style=width:11.8pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:11.8pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:57.4pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=width:13.5pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:175.5pt><P style='font:10pt Times New Roman;margin:0'>Note was issued on November 14, 2017 and due in May 3, 2018</P>
</TD><TD valign=top style=width:13.5pt><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:45pt;white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'>28.6%</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=top style=width:166.5pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>Advantage Platform Services_3</P>
</TD><TD valign=bottom style=width:13.5pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:13.5pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:63pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>192,130</P>
</TD><TD valign=bottom style=width:11.8pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:11.8pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:57.4pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=width:13.5pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:175.5pt><P style='font:10pt Times New Roman;margin:0'>Note was issued on December 19, 2017 and due in October 18, 2018</P>
</TD><TD valign=top style=width:13.5pt><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:45pt;white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'>31.5%</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=width:166.5pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>Total</P>
</TD><TD valign=bottom style=width:13.5pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='width:13.5pt;white-space:nowrap;border-top:0.5pt solid #000000'><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='width:63pt;white-space:nowrap;border-top:0.5pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0'>227,958</P>
</TD><TD valign=bottom style=width:11.8pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='width:11.8pt;white-space:nowrap;border-top:0.5pt solid #000000'><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='width:57.4pt;white-space:nowrap;border-top:0.5pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=width:13.5pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:175.5pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:13.5pt><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:45pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=width:166.5pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>Less: Current portion of loans payable</P>
</TD><TD valign=bottom style=width:13.5pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:13.5pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:63pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>227,958</P>
</TD><TD valign=bottom style=width:11.8pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:11.8pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:57.4pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=width:13.5pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:175.5pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:13.5pt><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:45pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=width:166.5pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>Long-term loans payable</P>
</TD><TD valign=bottom style=width:13.5pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='width:13.5pt;white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><P style='font:10pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style='width:63pt;white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><P align=right style='font:10pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=width:11.8pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='width:11.8pt;white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><P style='font:10pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style='width:57.4pt;white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><P align=right style='font:10pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=width:13.5pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:175.5pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:13.5pt><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:45pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
</TABLE>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>During the year ended December 31, 2017 and 2016, the Company borrowed $686,568 and $0, respectively, and repaid the principal amount of $458,610 and $0 and interest expense of $218,268 and $0, respectively.</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><B>NOTE 7 &#8211; OTHER CURRENT LIABILITIES</B></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>Other current liabilities at December 31, 2017 and 2016 consist of the following:</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<TABLE align=center style=border-collapse:collapse;width:59.68%><TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=middle style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=middle style=white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'><B>December 31,</B></P>
</TD><TD valign=middle style=white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=middle style=white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'><B>December 31,</B></P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=middle style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=middle style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0'><B>2017</B></P>
</TD><TD valign=middle style=white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=middle style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0'><B>2016</B></P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>Accrued liabilities</P>
</TD><TD valign=middle style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>118,152</P>
</TD><TD valign=middle style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>-</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>Salary payable</P>
</TD><TD valign=middle style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>137,348</P>
</TD><TD valign=middle style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>84,365</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>Deferred revenue</P>
</TD><TD valign=middle style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>-</P>
</TD><TD valign=middle style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>8,576</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>Other payable</P>
</TD><TD valign=middle style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>7,081</P>
</TD><TD valign=middle style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>1,870</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=middle style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:3px double #000000'><P style='font:10pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><P align=right style='font:10pt Times New Roman;margin:0'>262,581</P>
</TD><TD valign=middle style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:3px double #000000'><P style='font:10pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><P align=right style='font:10pt Times New Roman;margin:0'>94,811</P>
</TD></TR>
</TABLE>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><B>NOTE 8 &#8211; MEMBERS&#8217; EQUITY</B></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>During the year ended December 31, 2017 and 2016, the Company received capital contributions of $0 and $197,000, respectively.</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'><B>NOTE 9 &#8211; PROVISION FOR INCOME TAXES</B></P>
<P style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>On December 22, 2017, the United States enacted the Tax Cuts and Jobs Act (the &#8220;Act&#8221;) resulting in significant modifications to existing law including lowering the corporate tax rate from 34% to 21%. The new rate is effective for tax years beginning after December 31, 2017. Accordingly, the new rate does not apply to the year ending December 31, 2017. Since the entire net operating loss at September 30, 2017 was used up in the nine months ending December 31, 2017, the new tax legislation does not affect the way the Company can use and carry forward net operating losses, at least in the year ending December 31, 2017.</P>
<P align=justify style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>The reconciliation of income tax expense at the U.S. statutory rate of 34%, to the Company&#8217;s effective tax rate is as follows:</P>
<P align=justify style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
<TABLE align=center style=border-collapse:collapse;width:71.16%><TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=5 valign=bottom style=white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'><B>Year Ended</B></P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=5 valign=bottom style=white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'><B>December 31,</B></P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P align=justify style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0'><B>2017</B></P>
</TD><TD valign=bottom style=white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0'><B>2016</B></P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P align=justify style='font:10pt Times New Roman;margin:0'>Income tax expense (benefit) at statutory rate</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom><P style='font:10pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>(120,940)</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom><P style='font:10pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>19,056</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P align=justify style='font:10pt Times New Roman;margin:0'>Change of valuation allowance</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='border-bottom:0.5pt solid #000000'><P style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0'>120,940</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='border-bottom:0.5pt solid #000000'><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0'>(14,370)</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P align=justify style='font:10pt Times New Roman;margin:0'>Income tax expense per books</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='border-bottom:3px double #000000'><P style='font:10pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:3px double #000000'><P align=right style='font:10pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='border-bottom:3px double #000000'><P style='font:10pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:3px double #000000'><P align=right style='font:10pt Times New Roman;margin:0'>4,686</P>
</TD></TR>
</TABLE>
<P align=justify style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
<HR style='border:0;height:0;width:0;margin:14pt 0 0 0'><P align=center style='font:10pt Times New Roman;margin:0'>11</P>
<HR style='page-break-after:always;border:0;height:3pt;background-color:#909090;margin:8pt 0'><P style=line-height:0;margin:0></P>
<P style='font:10pt Times New Roman;margin-top:0pt;margin-bottom:8pt'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'><B>ETELIX.COM USA LLC</B></P>
<P align=center style='font:10pt Times New Roman;margin:0'><B>Notes to the Financial Statements</B></P>
<P align=center style='font:10pt Times New Roman;margin:0'><B>December 31, 2017 and 2016</B></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'><B>NOTE 9 &#8211; PROVISION FOR INCOME TAXES ( CONTINUED)</B></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>Net deferred tax assets consist of the following components as of:</P>
<P align=justify style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
<TABLE align=center style=border-collapse:collapse;width:66.84%><TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=middle style=white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'><B>December 31,</B></P>
</TD><TD valign=middle style=white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=middle style=white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'><B>December 31,</B></P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P align=justify style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=middle style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0'><B>2017</B></P>
</TD><TD valign=middle style=white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=middle style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0'><B>2016</B></P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P align=justify style='font:10pt Times New Roman;margin:0'>Net operating loss carry forward </P>
</TD><TD valign=bottom style=white-space:nowrap><P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom><P style='font:10pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>120,940</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top><P align=center style='font:10pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>-</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P align=justify style='font:10pt Times New Roman;margin:0'>Valuation allowance</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='border-bottom:0.5pt solid #000000'><P style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0'>(120,940)</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style='border-bottom:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0'>-</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P align=justify style='font:10pt Times New Roman;margin:0'>Net deferred tax asset</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='border-bottom:3px double #000000'><P style='font:10pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:3px double #000000'><P align=right style='font:10pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style='border-bottom:3px double #000000'><P align=center style='font:10pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:3px double #000000'><P align=right style='font:10pt Times New Roman;margin:0'>-</P>
</TD></TR>
</TABLE>
<P align=justify style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>Utilization of the net operating loss (&#8220;NOL&#8221;) carry forwards, of approximately $120,940 for federal income tax reporting purposes, is subject to an annual limitation due to ownership change that occurred during the year ended December 31, 2017 and any changes in ownership that may occur in the future, as required by Section 382 of the Internal Revenue Code of 1986, as amended (the &#8220;Code&#8221;). These ownership changes may limit the amount of the NOL carry forwards that can be utilized annually to offset future taxable income and tax, respectively. In general, an &#8220;ownership change&#8221; as defined by Section 382 of the Code results from a transaction or series of transactions over a three-year period resulting in an ownership change of more than 50 percentage points of the outstanding stock of a company by certain stockholders. The Company does not believe that the recent changes to the Code will have any material effect on its ability to use the NOL.</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><B>NOTE 10 - RELATED PARTY TRANSACTIONS</B></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'><B><I>Loans payable &#8211; related parties</I></B></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<TABLE align=center style=border-collapse:collapse;width:96.54%><TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=middle style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=bottom style=white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'><B>December 31,</B></P>
</TD><TD valign=bottom style=white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=bottom style=white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'><B>December 31,</B></P>
</TD><TD valign=bottom style=white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000' rowspan='2'><P align=center style='font:10pt Times New Roman;margin:0'><B>Interest </B></P>
<P align=center style='font:10pt Times New Roman;margin:0'><B>rate</B></P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=middle style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0'><B>2017</B></P>
</TD><TD valign=bottom style=white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0'><B>2016</B></P>
</TD><TD valign=bottom style=white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0'><B>Term</B></P>
</TD><TD valign=top><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=top style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>Alonso Van Der Biest</P>
</TD><TD valign=top style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>$</P>
</TD><TD valign=top style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>80,200</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>$</P>
</TD><TD valign=top style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>80,200</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom><P style='font:10pt Times New Roman;margin:0'>Note was issued on June 12, 2015 and due in June 11, 2019</P>
</TD><TD valign=top><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style='white-space:nowrap;border-top:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0'>16.5%</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=top style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>Alvaro Quintana</P>
</TD><TD valign=top style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>10,837</P>
</TD><TD valign=top style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>10,587</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=middle><P style='font:10pt Times New Roman;margin:0'>Note was issue on September 30, 2016 and due in September 29, 2019</P>
</TD><TD valign=top><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'>0%</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>Leandro Iglesias</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>45,000</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=middle><P style='font:10pt Times New Roman;margin:0'>Due on demand</P>
</TD><TD valign=top><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'>0%</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>Total</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000'><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0'>136,037</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000'><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0'>90,787</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>Less : Current portion of loans payable</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>Long-term loans payable</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><P style='font:10pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><P align=right style='font:10pt Times New Roman;margin:0'>136,037</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><P style='font:10pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><P align=right style='font:10pt Times New Roman;margin:0'>90,787</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
</TABLE>
<P align=justify style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'><B>NOTE 11 - SUBSEQUENT EVENTS</B></P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;background-color:#FFFFFF'><B><I>Membership Interest Purchase Agreements and Reorganization</I></B></P>
<P style='font:10pt Times New Roman;margin:0;background-color:#FFFFFF'> &nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>On June 25, 2018 (the &#8220;Effective Date&#8221;), the Company entered into a membership purchase agreement with iQSTEL Inc. (&#8220;iQSTEL&#8221;) and became a 100% subsidiary of iQSTEL.</P>
<P align=justify style='font:10pt Times New Roman;margin:0;background-color:#FFFFFF'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;background-color:#FFFFFF'>Pursuant to the terms of the membership interest purchase agreement, iQSTEL issued 13,751,875 shares of its unregistered common stock to the members of Etelix in exchange for their memberships interests in Etelix and as a result of the Purchase Agreements, Etelix became a wholly owned subsidiary of iQSTEL.</P>
<P align=justify style='font:10pt Times New Roman;margin:0;background-color:#FFFFFF'> &nbsp;</P>
<HR style='border:0;height:0;width:0;margin:14pt 0 0 0'><P align=center style='font:10pt Times New Roman;margin:0'>12</P>
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<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>3
<FILENAME>f8ka121018_ex99z2.htm
<DESCRIPTION>EXHIBIT 99.2 ETELIX INTERIM FINANCIALS
<TEXT>
<HTML>
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<HEAD>
<TITLE>Exhibit 99.2 Etelix Interim Financials</TITLE>
</HEAD>
<BODY>
<DIV style=margin-left:36pt;width:540pt><P align=right style='font:10pt Times New Roman;margin:0;color:#000000'><A name=Toc1 />&nbsp;</P>
<P align=right style='font:10pt Times New Roman;margin:0;color:#000000'><B>EXHIBIT 99.2</B></P>
<P align=right style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
<P align=right style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><B>ETELIX,COM USA LLC</B></P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><B>Index to Interim Unaudited Financial Statements</B></P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
<TABLE align=center style=border-collapse:collapse;width:100%><TR style=height:11.25pt><TD valign=top><P align=justify style='font:10pt Times New Roman;margin:0'>&#160;</P>
</TD><TD valign=middle><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style='border-bottom:0.75pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0'><B>Page</B></P>
</TD><TD valign=middle><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:11.25pt><TD valign=top><P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=middle><P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top><P align=justify style='font:10pt Times New Roman;margin:0'>&#160;</P>
</TD><TD valign=middle><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:11.25pt><TD valign=top><P align=justify style='font:10pt Times New Roman;margin:0'>Balance Sheets as of March 31, 2018 and December 31, 2017</P>
</TD><TD valign=middle><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top><P align=right style='font:10pt Times New Roman;margin:0'>2</P>
</TD><TD valign=middle><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:11.25pt><TD valign=top><P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=middle><P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top><P align=justify style='font:10pt Times New Roman;margin:0'>&#160;</P>
</TD><TD valign=middle><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:11.25pt><TD valign=top><P align=justify style='font:10pt Times New Roman;margin:0'>Statements of Operations for the three months ended March 31, 2018 and 2017</P>
</TD><TD valign=middle><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top><P align=right style='font:10pt Times New Roman;margin:0'>3</P>
</TD><TD valign=middle><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:11.25pt><TD valign=top><P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=middle><P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top><P align=justify style='font:10pt Times New Roman;margin:0'>&#160;</P>
</TD><TD valign=middle><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:11.25pt><TD valign=top><P align=justify style='font:10pt Times New Roman;margin:0'>Statements of Cash Flows for the three months ended March 31, 2018 and 2017</P>
</TD><TD valign=middle><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top><P align=right style='font:10pt Times New Roman;margin:0'>4</P>
</TD><TD valign=middle><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:11.25pt><TD valign=top><P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=middle><P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top><P align=justify style='font:10pt Times New Roman;margin:0'>&#160;</P>
</TD><TD valign=middle><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:3.5pt><TD valign=top><P align=justify style='font:10pt Times New Roman;margin:0'>Notes to the Unaudited Financial Statements</P>
</TD><TD valign=middle><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top><P align=right style='font:10pt Times New Roman;margin:0'>5</P>
</TD><TD valign=middle><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
</TABLE>
<P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
<HR style='border:0;height:0;width:0;margin:14pt 0 0 0'><P align=center style='font:10pt Times New Roman;margin:0'>1</P>
<HR style='page-break-after:always;border:0;height:3pt;background-color:#909090;margin:8pt 0'><P style=line-height:0;margin:0></P>
<HR style='border:0;height:0;width:0;margin:14pt 0 0 0'><P style='font:10pt Times New Roman;margin:0'><A name=bs />&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><B>ETELIX.COM USA LLC</B></P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><B>Balance Sheets</B></P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>(<B>Unaudited</B>)</P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
<TABLE align=center style=border-collapse:collapse;width:87.5%><TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=bottom style=white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'><B>March 31,</B></P>
</TD><TD valign=bottom style=white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=bottom style=white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'><B>December 31,</B></P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0'><B>2018</B></P>
</TD><TD valign=bottom style=white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0'><B>2017</B></P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'><B>ASSETS</B></P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0;color:#000000'>Current Assets</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0;text-indent:10pt'>Cash and cash equivalent</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0;text-indent:10pt'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>27,784</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>23,266</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0;text-indent:10pt'>Accounts receivable</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0;text-indent:10pt'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>1,996,611</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>1,099,533</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0;text-indent:10pt'>Other current assets</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0;text-indent:10pt'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>132,576</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>Total Current Assets</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P style='font:10pt Times New Roman;margin:0'>&#160;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0'>2,024,395</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P style='font:10pt Times New Roman;margin:0'>&#160;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0'>1,255,375</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>Fixed assets, net</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>286,170</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>305,031</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'><B>TOTAL ASSETS</B></P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><P style='font:10pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><P align=right style='font:10pt Times New Roman;margin:0'>2,310,565</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><P style='font:10pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><P align=right style='font:10pt Times New Roman;margin:0'>1,560,406</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'><B>LIABILITIES AND MEMBERS&#180;S EQUITY</B></P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'><B>Current Liabilities</B></P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0;text-indent:10pt'>Accounts payable</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0;text-indent:10pt'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>1,119,951</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>748,542</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0;text-indent:10pt'>Loans payable</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0;text-indent:10pt'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>239,542</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>227,958</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0;text-indent:10pt'>Other current liabilities</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0;text-indent:10pt'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>550,906</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>262,581</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0;color:#000000'>Total Current Liabilities</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000'><P style='font:10pt Times New Roman;margin:0'>&#160;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0'>1,910,399</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000'><P style='font:10pt Times New Roman;margin:0'>&#160;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0'>1,239,081</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0;color:#000000'>Long-term loans payable &#8211;&nbsp;related parties</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>90,837</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>136,037</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'><B>TOTAL LIABILITIES</B></P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P style='font:10pt Times New Roman;margin:0'>&#160;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0'>2,001,236</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P style='font:10pt Times New Roman;margin:0'>&#160;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0'>1,375,118</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'><B>MEMBERS' EQUITY</B></P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0;margin-left:8.1pt'>Membership equity</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>853,515</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>748,515</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0;margin-left:8.1pt'>Accumulated deficit</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>(544,186)</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>(563,227)</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0;color:#000000'>Total Members&#8217; Equity</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P style='font:10pt Times New Roman;margin:0'>&#160;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0'>309,329</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P style='font:10pt Times New Roman;margin:0'>&#160;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0'>185,288</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'><B>TOTAL LIABILITIES AND MEMBERS&#180; &nbsp;EQUITY</B></P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:3px double #000000'><P style='font:10pt Times New Roman;margin:0'><B>$</B></P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:3px double #000000'><P align=right style='font:10pt Times New Roman;margin:0'><B>2,310,565</B></P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:3px double #000000'><P style='font:10pt Times New Roman;margin:0'><B>$</B></P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:3px double #000000'><P align=right style='font:10pt Times New Roman;margin:0'><B>1,560,406</B></P>
</TD></TR>
</TABLE>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>The accompanying notes are an integral part of these unaudited financial statements.</P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><A name=so />&nbsp;</P>
<HR style='border:0;height:0;width:0;margin:14pt 0 0 0'><P align=center style='font:10pt Times New Roman;margin:0'>2</P>
<HR style='page-break-after:always;border:0;height:3pt;background-color:#909090;margin:8pt 0'><P style=line-height:0;margin:0></P>
<HR style='border:0;height:0;width:0;margin:14pt 0 0 0'><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><B>ETELIX.COM USA LLC</B></P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><B>Statements of Operations</B></P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;(<B>Unaudited</B>)</P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
<TABLE align=center style=border-collapse:collapse;width:441pt><TR style=height:7.2pt><TD valign=middle style=width:243pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=middle style=width:14.75pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=5 valign=middle style=width:183.25pt;white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'><B>Three months ended</B></P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=width:243pt;white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=middle style=width:14.75pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=5 valign=middle style=width:183.25pt;white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'><B>March 31,</B></P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=width:243pt;white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:14.75pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=bottom style='width:84.25pt;white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0'><B>2018</B></P>
</TD><TD valign=bottom style=width:11.1pt;white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=bottom style='width:87.9pt;white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0'><B>2017</B></P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=width:243pt;white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:14.75pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:15.8pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:68.45pt;white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:11.1pt;white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:15.8pt;white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:72.1pt;white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=width:243pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>Revenue</P>
</TD><TD valign=bottom style=width:14.75pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:15.8pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style=width:68.45pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>2,180,165</P>
</TD><TD valign=bottom style=width:11.1pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:15.8pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style=width:72.1pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>1,874,154</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=width:243pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>Cost of revenue</P>
</TD><TD valign=bottom style=width:14.75pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:15.8pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:68.45pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>(1,967,159)</P>
</TD><TD valign=bottom style=width:11.1pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:15.8pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:72.1pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>(1,684,264)</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=width:243pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>Gross profit</P>
</TD><TD valign=bottom style=width:14.75pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='width:15.8pt;white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P style='font:10pt Times New Roman;margin:0'>&#160;</P>
</TD><TD valign=bottom style='width:68.45pt;white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0'>213,006</P>
</TD><TD valign=bottom style=width:11.1pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='width:15.8pt;white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P style='font:10pt Times New Roman;margin:0'>&#160;</P>
</TD><TD valign=bottom style='width:72.1pt;white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0'>189,890</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=width:243pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:14.75pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:15.8pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:68.45pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:11.1pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:15.8pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:72.1pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=width:243pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>Operating Expenses</P>
</TD><TD valign=bottom style=width:14.75pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:15.8pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:68.45pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:11.1pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:15.8pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:72.1pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=width:243pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0;text-indent:10pt'>General and administrative </P>
</TD><TD valign=bottom style=width:14.75pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0;text-indent:10pt'>&nbsp;</P>
</TD><TD valign=bottom style=width:15.8pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0;text-indent:10pt'>&nbsp;</P>
</TD><TD valign=bottom style=width:68.45pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>123,976</P>
</TD><TD valign=bottom style=width:11.1pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:15.8pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:72.1pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>160,205</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=width:243pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>Total operating expenses</P>
</TD><TD valign=bottom style=width:14.75pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='width:15.8pt;white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P style='font:10pt Times New Roman;margin:0'>&#160;</P>
</TD><TD valign=bottom style='width:68.45pt;white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0'>123,976</P>
</TD><TD valign=bottom style=width:11.1pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='width:15.8pt;white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P style='font:10pt Times New Roman;margin:0'>&#160;</P>
</TD><TD valign=bottom style='width:72.1pt;white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0'>160,205</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=width:243pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:14.75pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:15.8pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:68.45pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:11.1pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:15.8pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:72.1pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=width:243pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0;color:#000000'><B>Other income (expense)</B></P>
</TD><TD valign=bottom style=width:14.75pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=width:15.8pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:68.45pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:11.1pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:15.8pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:72.1pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=width:243pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0;text-indent:10pt'>Other income</P>
</TD><TD valign=bottom style=width:14.75pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0;text-indent:10pt'>&nbsp;</P>
</TD><TD valign=bottom style=width:15.8pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0;text-indent:10pt'>&nbsp;</P>
</TD><TD valign=bottom style=width:68.45pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=width:11.1pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:15.8pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:72.1pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>-</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=width:243pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0;text-indent:10pt'>Other expense</P>
</TD><TD valign=bottom style=width:14.75pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0;text-indent:10pt'>&nbsp;</P>
</TD><TD valign=bottom style=width:15.8pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0;text-indent:10pt'>&nbsp;</P>
</TD><TD valign=bottom style=width:68.45pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>(12,935)</P>
</TD><TD valign=bottom style=width:11.1pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:15.8pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:72.1pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>-</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=width:243pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0;text-indent:10pt'>Interest expense</P>
</TD><TD valign=bottom style=width:14.75pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0;text-indent:10pt'>&nbsp;</P>
</TD><TD valign=bottom style=width:15.8pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0;text-indent:10pt'>&nbsp;</P>
</TD><TD valign=bottom style=width:68.45pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>(57,054)</P>
</TD><TD valign=bottom style=width:11.1pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:15.8pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:72.1pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>(18,324)</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=width:243pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0;color:#000000'>Total other income (expense)</P>
</TD><TD valign=bottom style=width:14.75pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style='width:15.8pt;white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P style='font:10pt Times New Roman;margin:0'>&#160;</P>
</TD><TD valign=bottom style='width:68.45pt;white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0'>(69,989)</P>
</TD><TD valign=bottom style=width:11.1pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='width:15.8pt;white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P style='font:10pt Times New Roman;margin:0'>&#160;</P>
</TD><TD valign=bottom style='width:72.1pt;white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0'>(18,324)</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=width:243pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:14.75pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:15.8pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:68.45pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:11.1pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:15.8pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:72.1pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=width:243pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0;color:#000000'><B>Net income before taxes</B></P>
</TD><TD valign=bottom style=width:14.75pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=width:15.8pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:68.45pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>19,041</P>
</TD><TD valign=bottom style=width:11.1pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:15.8pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:72.1pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>11,361</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=width:243pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0;color:#000000'>Income tax expense</P>
</TD><TD valign=bottom style=width:14.75pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style='width:15.8pt;white-space:nowrap;border-bottom:0.5pt solid #000000'><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='width:68.45pt;white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=width:11.1pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='width:15.8pt;white-space:nowrap;border-bottom:0.5pt solid #000000'><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='width:72.1pt;white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0'>-</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=width:243pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0;color:#000000'><B>Net income</B></P>
</TD><TD valign=bottom style=width:14.75pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style='width:15.8pt;white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><P style='font:10pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style='width:68.45pt;white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><P align=right style='font:10pt Times New Roman;margin:0'>19,041</P>
</TD><TD valign=bottom style=width:11.1pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='width:15.8pt;white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><P style='font:10pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style='width:72.1pt;white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><P align=right style='font:10pt Times New Roman;margin:0'>11,361</P>
</TD></TR>
</TABLE>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>The accompanying notes are an integral part of these unaudited financial statements.</P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><A name=seq />&nbsp;</P>
<HR style='border:0;height:0;width:0;margin:14pt 0 0 0'><P align=center style='font:10pt Times New Roman;margin:0'>3</P>
<HR style='page-break-after:always;border:0;height:3pt;background-color:#909090;margin:8pt 0'><P style=line-height:0;margin:0></P>
<HR style='border:0;height:0;width:0;margin:14pt 0 0 0'><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><A name=cf />&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><B>ETELIX.COM USA LLC</B></P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><B>Statements of Cash Flows</B></P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;(<B>Unaudited</B>)</P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
<TABLE align=center style=border-collapse:collapse;width:99.32%><TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=5 valign=middle style=white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'><B>Three months ended</B></P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=5 valign=middle style=white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'><B>March 31,</B></P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0'>2018</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0'>2017</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'><B>CASH FLOWS FROM OPERATING ACTIVITIES:</B></P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'><B>Net income (loss)</B></P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>19,041</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>11,361</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'><B>Adjustments to reconcile net loss to net cash used in operating activities:</B></P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0;text-indent:10pt'>Depreciation and Amortization</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0;text-indent:10pt'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>18,861</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>18,861</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0;color:#000000'>Changes in operating assets and liabilities:</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0;text-indent:10pt'>Accounts receivable</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0;text-indent:10pt'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>(897,078)</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>(378,721)</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0;text-indent:10pt'>Other current assets</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0;text-indent:10pt'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>132,576</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>83,365</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0;text-indent:10pt'>Accounts payable</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0;text-indent:10pt'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>371,409</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>76,956</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0;text-indent:10pt'>Other current liabilities</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0;text-indent:10pt'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>288,325</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>112,161</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0;color:#000000'>Net cash used in operating activities</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0'>(66,866)</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0'>(76,017)</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'><B>CASH FLOWS FROM INVESTING ACTIVITIES:</B></P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0;margin-left:8.1pt'>Purchase of fixed assets</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>-</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'><B>Net cash used in investing activities</B></P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0'><B>-</B></P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0'><B>-</B></P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'><B>CASH FLOWS FROM FINANCING ACTIVITY:</B></P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0;margin-left:8.1pt'>Capital contribution</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>59,800</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>-</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0;margin-left:8.1pt'>Loan payable</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>133,000</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>82,625</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0;margin-left:8.1pt'>Repayment of loan payable</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>(121,416)</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>(15,998)</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'><B>Net cash provided by financing activity</B></P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0'><B>71,384</B></P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0'><B>66,627</B></P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0;color:#000000'>Net change in cash and cash equivalents</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>4,518</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>(9,390)</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>Cash and cash equivalents - Beginning of period</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>23,266</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>17,885</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>Cash and Cash Equivalents - end of Period</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><P align=right style='font:10pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><P align=right style='font:10pt Times New Roman;margin:0'>27,784</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><P align=right style='font:10pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><P align=right style='font:10pt Times New Roman;margin:0'>8,495</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0;color:#000000'><B>SUPPLEMENTAL CASH FLOW INFORMATION:</B></P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0;text-indent:10pt;color:#000000'>Cash paid for income taxes</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0;text-indent:10pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:3px double #000000'><P align=right style='font:10pt Times New Roman;margin:0;color:#000000'>$</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:3px double #000000'><P align=right style='font:10pt Times New Roman;margin:0;color:#000000'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:3px double #000000'><P align=right style='font:10pt Times New Roman;margin:0;color:#000000'>$</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:3px double #000000'><P align=right style='font:10pt Times New Roman;margin:0;color:#000000'>-</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0;text-indent:10pt;color:#000000'>Cash paid for interest</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0;text-indent:10pt;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:3px double #000000'><P align=right style='font:10pt Times New Roman;margin:0;color:#000000'>$</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:3px double #000000'><P align=right style='font:10pt Times New Roman;margin:0;color:#000000'>57,054</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:3px double #000000'><P align=right style='font:10pt Times New Roman;margin:0;color:#000000'>$</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:3px double #000000'><P align=right style='font:10pt Times New Roman;margin:0;color:#000000'>18,324</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0;color:#000000'><B>NON CASH INVESTING AND FINANCING ACTIVITIES</B></P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0;margin-left:8.1pt;color:#000000'>Related party debt forgiveness</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:3px double #000000'><P align=right style='font:10pt Times New Roman;margin:0;color:#000000'>$</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:3px double #000000'><P align=right style='font:10pt Times New Roman;margin:0;color:#000000'>45,200</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:3px double #000000'><P align=right style='font:10pt Times New Roman;margin:0;color:#000000'>$</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:3px double #000000'><P align=right style='font:10pt Times New Roman;margin:0;color:#000000'>-</P>
</TD></TR>
</TABLE>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>The accompanying notes are an integral part of these unaudited financial statements.</P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><A name=note />&nbsp;</P>
<HR style='border:0;height:0;width:0;margin:14pt 0 0 0'><P align=center style='font:10pt Times New Roman;margin:0'>4</P>
<HR style='page-break-after:always;border:0;height:3pt;background-color:#909090;margin:8pt 0'><P style=line-height:0;margin:0></P>
<HR style='border:0;height:0;width:0;margin:14pt 0 0 0'><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><B>ETELIX.COM USA LLC</B></P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><B>Notes to the Unaudited Financial Statements</B></P>
<P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><B>March 31, 2018</B></P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#000000'><B>NOTE 1 -ORGANIZATION AND DESCRIPTION OF BUSINESS</B></P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#000000'>ETELIX,COM USA LLC (the &#8220;Company&#8221;) is a Florida corporation incorporated on September 30, 2008. </P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#000000'> &nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#000000'>The Company has been engaged in the business of telecommunication services as a wholesale carrier of voice and data for other telecom companies around the World with more than 150 active interconnection agreements with mobile companies, fix line companies and other wholesale carriers.&#160;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#000000'><B>NOTE 2 -SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</B></P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#000000'>The accompanying unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial statements and with the instructions to Regulation S-X of the United States Securities and Exchange Commission (&#8220;SEC&#8221;). Accordingly, they do not contain all information and footnotes required by accounting principles generally accepted in the United States of America for annual financial statements.</P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#000000'>In the opinion of the company&#8217;s management, the accompanying unaudited interim financial statements contain all the adjustments necessary (consisting only of normal recurring accruals) to present the financial position of the company as of March 31, 2018 and the results of operations and cash flows for the periods presented. The results of operations for the three months ended March 31, 2018 are not necessarily indicative of the operating results for the full fiscal year or any future period. These unaudited interim financial statements should be read in conjunction with the audited financial statements and related notes thereto included in Exhibit 99.1 of the Form 8-K Amendment 1, as filed with the SEC on December 14, 2018 </P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#000000'><B><I>Use of Estimates</I></B></P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#000000'>The preparation of financial statements in conformity with GAAP 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. The estimates and judgments will also affect the reported amounts for certain revenues and expenses during the reporting period. Actual results could differ from these good faith estimates and judgments.</P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#000000'><B><I>Accounts Receivable and Allowance for Uncollectible Accounts</I></B></P>
<P align=justify style='font:10pt Times New Roman;margin:0;text-indent:36pt;color:#000000'>&#160;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#000000'>Substantially all of the Company&#8217;s accounts receivable balance is related to trade receivables. Trade accounts receivable are recorded at the invoiced amount and do not bear interest. The allowance for doubtful accounts is the Company&#8217;s best estimate of the amount of probable credit losses in its existing accounts receivable. The Company reviews its allowance for doubtful accounts daily, past due balances over 60 days and a specified amount are reviewed individually for collectability. Account balances are charged off after all means of collection have been exhausted and the potential for recovery is considered remote. As of March 31, 2018, and December 31, 2017, the Company had no valuation allowance for doubtful accounts for the Company&#8217;s accounts receivable and recorded no bad debt expense.</P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#000000'><B>NOTE 3 - GOING CONCERN</B></P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>The Company's financial statements are prepared using accounting principles generally accepted in the United States of America applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company does not have significant cash or other current assets, nor does it have an established source of revenues sufficient to cover its operating costs and to allow it to continue as a going concern. &nbsp;In addition, as of March 31, 2018, the Company had accumulated deficit of $544,186 and net cash used in operating activities of $66,866 for the three months ended March 31, 2018. &nbsp;These factors, among others, raise substantial doubt about the Company&#8217;s ability to continue as a going concern. The financial statements do not include any adjustments that might result from the outcome of this uncertainty. </P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish its business plan and eventually attain profitable operations. &nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>During the next year, the Company's foreseeable cash requirements will relate to continual development of the operations of its business, maintaining its good standing and marketing expenses. &nbsp;The Company may experience a cash shortfall and be required to raise additional capital.</P>
<HR style='border:0;height:0;width:0;margin:14pt 0 0 0'><P align=center style='font:10pt Times New Roman;margin:0'>5</P>
<HR style='page-break-after:always;border:0;height:3pt;background-color:#909090;margin:8pt 0'><P style=line-height:0;margin:0></P>
<HR style='border:0;height:0;width:0;margin:14pt 0 0 0'><P align=justify style='font:10pt Times New Roman;margin:0'>Historically, the Company has relied upon funds from its members. Management may raise additional capital through future public or private offerings of the Company's stock or through loans from private investors, although there can be no assurance that it will be able to obtain such financing. The Company's failure to do so could have a material and adverse effect upon its operations and its members.</P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#000000'><B>NOTE 4 &#8211; OTHER CURRENT ASSETS</B></P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#000000'>Other current assets at March 31, 2018 and December 31, 2017, consist of the following:</P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
<TABLE align=center style=border-collapse:collapse;width:77.5%><TR style=height:7.2pt><TD valign=middle style=width:171pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=middle style=width:68.75pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=middle style=width:80.6pt;white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>March 31,</P>
</TD><TD valign=middle style=width:11.8pt;white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD colspan=2 valign=middle style=width:86.3pt;white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>December 31,</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=width:171pt;white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=middle style=width:68.75pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=middle style='width:80.6pt;white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>2018</P>
</TD><TD valign=middle style=width:11.8pt;white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD colspan=2 valign=middle style='width:86.3pt;white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>2017</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=width:171pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0;color:#000000'>Other receivable</P>
</TD><TD valign=middle style=width:68.75pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=width:11.8pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style=width:68.8pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0;color:#000000'>-</P>
</TD><TD valign=middle style=width:11.8pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=width:11.8pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style=width:74.5pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0;color:#000000'>124,484</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=width:171pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0;color:#000000'>Prepaid expenses</P>
</TD><TD valign=middle style=width:68.75pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style='width:11.8pt;white-space:nowrap;border-bottom:0.5pt solid #000000'><P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
</TD><TD valign=bottom style='width:68.8pt;white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0;color:#000000'>-</P>
</TD><TD valign=middle style=width:11.8pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style='width:11.8pt;white-space:nowrap;border-bottom:0.5pt solid #000000'><P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
</TD><TD valign=bottom style='width:74.5pt;white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0;color:#000000'>8,092</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=width:171pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=middle style=width:68.75pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='width:11.8pt;white-space:nowrap;border-bottom:3px double #000000'><P style='font:10pt Times New Roman;margin:0;color:#000000'>$</P>
</TD><TD valign=bottom style='width:68.8pt;white-space:nowrap;border-bottom:3px double #000000'><P align=right style='font:10pt Times New Roman;margin:0;color:#000000'>-</P>
</TD><TD valign=middle style=width:11.8pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style='width:11.8pt;white-space:nowrap;border-bottom:3px double #000000'><P style='font:10pt Times New Roman;margin:0;color:#000000'>$</P>
</TD><TD valign=bottom style='width:74.5pt;white-space:nowrap;border-bottom:3px double #000000'><P align=right style='font:10pt Times New Roman;margin:0;color:#000000'>132,576</P>
</TD></TR>
</TABLE>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#000000'><B>NOTE 5 &#8211;&nbsp;FIXED ASSETS, NET</B></P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#000000'>Fixed assets, net at March 31, 2018 and December 31, 2017, consist of the following:</P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
<TABLE align=center style=border-collapse:collapse;width:85.42%><TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=middle style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=middle style=white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>March 31,</P>
</TD><TD valign=middle style=white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD colspan=2 valign=middle style=white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>December 31,</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=middle style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=middle style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>2018</P>
</TD><TD valign=middle style=white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD colspan=2 valign=middle style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>2017</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0;color:#000000'>Telecommunication equipment</P>
</TD><TD valign=middle style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0;color:#000000'>$</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0;color:#000000'>245,260</P>
</TD><TD valign=middle style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0;color:#000000'>$</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0;color:#000000'>245,260</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0;color:#000000'>Telecommunication software</P>
</TD><TD valign=middle style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0;color:#000000'>400,903</P>
</TD><TD valign=middle style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0;color:#000000'>400,903</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0;color:#000000'>Total fixed assets</P>
</TD><TD valign=middle style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0;color:#000000'>646,163</P>
</TD><TD valign=middle style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0;color:#000000'>646,163</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0;color:#000000'>Accumulated depreciation and amortization</P>
</TD><TD valign=middle style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0;color:#000000'>(359,993)</P>
</TD><TD valign=middle style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0;color:#000000'>(341,132)</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P align=justify style='font:10pt Times New Roman;margin:0;color:#000000'>Total Fixed assets</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=justify style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><P style='font:10pt Times New Roman;margin:0;color:#000000'>$</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><P align=right style='font:10pt Times New Roman;margin:0;color:#000000'>286,170</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><P style='font:10pt Times New Roman;margin:0;color:#000000'>$</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><P align=right style='font:10pt Times New Roman;margin:0;color:#000000'>305,031</P>
</TD></TR>
</TABLE>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#000000'>Depreciation expense for the three months ended March 31, 2018 and 2017 amounted to $18,861 and $18,861, respectively.</P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#000000'><B>NOTE 6 &#8211;LOANS PAYABLE</B></P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#000000'>Loans payable at March 31, 2018 and December 31, 2017 consist of the following:</P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
<TABLE align=center style=border-collapse:collapse;width:100.84%><TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=middle style=white-space:nowrap><P align=center style='font:9pt Times New Roman;margin:0;color:#000000'>March 31,</P>
</TD><TD valign=middle style=white-space:nowrap><P align=center style='font:9pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD colspan=2 valign=middle style=white-space:nowrap><P align=center style='font:9pt Times New Roman;margin:0;color:#000000'>December 31,</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=center style='font:9pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=center style='font:9pt Times New Roman;margin:0;color:#000000'>Interest </P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P align=center style='font:9pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=middle style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=center style='font:9pt Times New Roman;margin:0;color:#000000'>2018</P>
</TD><TD valign=middle style=white-space:nowrap><P align=center style='font:9pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD colspan=2 valign=middle style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=center style='font:9pt Times New Roman;margin:0;color:#000000'>2017</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=center style='font:9pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=center style='font:9pt Times New Roman;margin:0;color:#000000'>Term</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=center style='font:9pt Times New Roman;margin:0;color:#000000'>rate</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0;color:#000000'>APP Group Inter</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0;color:#000000'>$</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0;color:#000000'>1,390</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0;color:#000000'>$</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0;color:#000000'>1,390</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=middle><P style='font:9pt Times New Roman;margin:0;color:#000000'>Note was issued on June 28, 2017 and due in December 17, 2017</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0;color:#000000'>32.0%</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0;color:#000000'>Complete Business Solutions_2</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0;color:#000000'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0;color:#000000'>34,438</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=middle><P style='font:9pt Times New Roman;margin:0;color:#000000'>Note was issued on November 14, 2017 and due in May 3, 2018</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0;color:#000000'>28.6%</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0;color:#000000'>Advantage Platform Services_3</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0;color:#000000'>132,420</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0;color:#000000'>192,130</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=middle><P style='font:9pt Times New Roman;margin:0;color:#000000'>Note was issued on December 19, 2017 and due in October 18, 2018</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0;color:#000000'>31.5%</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0;color:#000000'>Advantage Platform Services_4</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>63,732</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0;color:#000000'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=middle><P style='font:9pt Times New Roman;margin:0;color:#000000'>Note was issued on February 2, 2018 and due in October 1, 2018</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0;color:#000000'>31.0%</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0;color:#000000'>DMKA LLC</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>42,000</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0;color:#000000'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=middle><P style='font:9pt Times New Roman;margin:0;color:#000000'>Note was issued on March 9, 2018 and due in July 28, 2018</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0;color:#000000'>28.6%</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0;color:#000000'>Total</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000'><P style='font:9pt Times New Roman;margin:0;color:#000000'>&#160;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0;color:#000000'>239,542</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000'><P style='font:9pt Times New Roman;margin:0;color:#000000'>&#160;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0;color:#000000'>227,958</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0;color:#000000'>Less : Current portion of loans payable</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0;color:#000000'>239,542</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0;color:#000000'>227,958</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0;color:#000000'>Long-term loans payable</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><P style='font:9pt Times New Roman;margin:0;color:#000000'>$</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><P align=right style='font:9pt Times New Roman;margin:0;color:#000000'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><P style='font:9pt Times New Roman;margin:0;color:#000000'>$</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><P align=right style='font:9pt Times New Roman;margin:0;color:#000000'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
</TABLE>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#000000'>During the three months ended March 31, 2018 and 2017, the Company borrowed $133,000 and $82,625, respectively, and repaid the principal amount of $121,416 and $15,998 and interest expense of $57,054 and $18,324, respectively.</P>
<HR style='border:0;height:0;width:0;margin:14pt 0 0 0'><P align=center style='font:10pt Times New Roman;margin:0'>6</P>
<HR style='page-break-after:always;border:0;height:3pt;background-color:#909090;margin:8pt 0'><P style=line-height:0;margin:0></P>
<HR style='border:0;height:0;width:0;margin:14pt 0 0 0'><P align=justify style='font:10pt Times New Roman;margin:0;color:#000000'><B>NOTE 7 &#8211; OTHER CURRENT LIABILITIES</B></P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#000000'>Other current liabilities at March 31, 2018 and December 31, 2017, consist of the following:</P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
<TABLE align=center style=border-collapse:collapse;width:418.5pt><TR style=height:7.2pt><TD valign=middle style=width:210.8pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=middle style=width:15.8pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=middle style=width:88.4pt;white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>March 31,</P>
</TD><TD valign=middle style=width:15.8pt;white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD colspan=2 valign=middle style=width:87.7pt;white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>December 31,</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=width:210.8pt;white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=middle style=width:15.8pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=middle style='width:88.4pt;white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>2018</P>
</TD><TD valign=middle style=width:15.8pt;white-space:nowrap><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD colspan=2 valign=middle style='width:87.7pt;white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>2017</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=width:210.8pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0;color:#000000'>Accrued liabilities</P>
</TD><TD valign=middle style=width:15.8pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=width:15.8pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0;color:#000000'>$</P>
</TD><TD valign=bottom style=width:72.6pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0;color:#000000'>372,531</P>
</TD><TD valign=middle style=width:15.8pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=width:15.8pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0;color:#000000'>$</P>
</TD><TD valign=bottom style=width:71.9pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0;color:#000000'>118,152</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=width:210.8pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0;color:#000000'>Salary payable</P>
</TD><TD valign=middle style=width:15.8pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=width:15.8pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:72.6pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0;color:#000000'>153,030</P>
</TD><TD valign=middle style=width:15.8pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=width:15.8pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:71.9pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0;color:#000000'>137,348</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=width:210.8pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0;color:#000000'>Other payable</P>
</TD><TD valign=middle style=width:15.8pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style='width:15.8pt;white-space:nowrap;border-bottom:0.5pt solid #000000'><P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
</TD><TD valign=bottom style='width:72.6pt;white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0;color:#000000'>25,345</P>
</TD><TD valign=middle style=width:15.8pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style='width:15.8pt;white-space:nowrap;border-bottom:0.5pt solid #000000'><P style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
</TD><TD valign=bottom style='width:71.9pt;white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=right style='font:10pt Times New Roman;margin:0;color:#000000'>7,081</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=width:210.8pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=middle style=width:15.8pt;white-space:nowrap><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='width:15.8pt;white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><P style='font:10pt Times New Roman;margin:0;color:#000000'>$</P>
</TD><TD valign=bottom style='width:72.6pt;white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><P align=right style='font:10pt Times New Roman;margin:0;color:#000000'>550,906</P>
</TD><TD valign=middle style=width:15.8pt;white-space:nowrap><P align=right style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style='width:15.8pt;white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><P style='font:10pt Times New Roman;margin:0;color:#000000'>$</P>
</TD><TD valign=bottom style='width:71.9pt;white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><P align=right style='font:10pt Times New Roman;margin:0;color:#000000'>262,581</P>
</TD></TR>
</TABLE>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#000000'><B>NOTE 8 &#8211; MEMBERS&#8217; EQUITY</B></P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#000000'>During the three months ended March 31, 2018 and 2017, the Company received capital contributions of $59,800 and $0, respectively. During the three months ended March 31, 2018, loan payable &#8211;&nbsp;related parties of $45,200 was forgiven. </P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#000000'><B>NOTE&#160;9 - RELATED PARTY TRANSACTIONS</B></P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;color:#000000'><B><I>Loans payable &#8211;&nbsp;related parties</I></B></P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
<TABLE align=center style=border-collapse:collapse;width:100%><TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=middle style=white-space:nowrap><P align=center style='font:9pt Times New Roman;margin:0;color:#000000'>March 31,</P>
</TD><TD valign=middle style=white-space:nowrap><P align=center style='font:9pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD colspan=2 valign=middle style=white-space:nowrap><P align=center style='font:9pt Times New Roman;margin:0;color:#000000'>December 31,</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=center style='font:9pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=center style='font:9pt Times New Roman;margin:0;color:#000000'>Interest </P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P align=center style='font:9pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=middle style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=center style='font:9pt Times New Roman;margin:0;color:#000000'>2018</P>
</TD><TD valign=middle style=white-space:nowrap><P align=center style='font:9pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD colspan=2 valign=middle style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=center style='font:9pt Times New Roman;margin:0;color:#000000'>2017</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=center style='font:9pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=center style='font:9pt Times New Roman;margin:0;color:#000000'>Term</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=center style='font:9pt Times New Roman;margin:0;color:#000000'>rate</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0;color:#000000'>Alonso Van Der Biest</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0;color:#000000'>$</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0;color:#000000'>80,200</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0;color:#000000'>$</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0;color:#000000'>80,200</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=middle><P style='font:9pt Times New Roman;margin:0;color:#000000'>Note was issued on June 12, 2015 and due in June 11, 2019</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0;color:#000000'>16.5%</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0;color:#000000'>Alvaro Quintana</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0;color:#000000'>10,637</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0;color:#000000'>10,837</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=middle><P style='font:9pt Times New Roman;margin:0;color:#000000'>Note was issue on September 30, 2016 and due in September 29, 2019</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0;color:#000000'>0%</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0;color:#000000'>Leandro Iglesias</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0;color:#000000'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0;color:#000000'>45,000</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=middle><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0;color:#000000'>Total</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000'><P style='font:9pt Times New Roman;margin:0;color:#000000'>&#160;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0;color:#000000'>90,837</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000'><P style='font:9pt Times New Roman;margin:0;color:#000000'>&#160;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0;color:#000000'>136,037</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0;color:#000000'>Less: Current portion of loans payable</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0;color:#000000'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0;color:#000000'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0;color:#000000'>Long-term loans payable</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><P style='font:9pt Times New Roman;margin:0;color:#000000'>$</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><P align=right style='font:9pt Times New Roman;margin:0;color:#000000'>90,837</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><P style='font:9pt Times New Roman;margin:0;color:#000000'>$</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><P align=right style='font:9pt Times New Roman;margin:0;color:#000000'>136,037</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
</TABLE>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#000000'>&#160;</P>
<P style='font:10pt Times New Roman;margin:0;color:#000000'><B>NOTE 10 - SUBSEQUENT EVENTS</B></P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;color:#000000;background-color:#FFFFFF'><B><I>Membership Interest Purchase Agreements and Reorganization</I></B></P>
<P style='font:10pt Times New Roman;margin:0;color:#000000;background-color:#FFFFFF'>&#160;</P>
<P style='font:10pt Times New Roman;margin:0;color:#000000'>On June 25, 2018 (the &#8220;Effective Date&#8221;), the Company entered into a membership purchase agreement with iQSTEL Inc. (&#8220;iQSTEL&#8221;) and became a 100% subsidiary of iQSTEL.</P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#000000;background-color:#FFFFFF'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#000000;background-color:#FFFFFF'>Pursuant to the terms of the membership interest purchase agreement, iQSTEL issued 13,751,875 shares of its unregistered common stock to the members of Etelix in exchange for their memberships interests in Etelix and as a result of the Purchase Agreements, Etelix became a wholly owned subsidiary of iQSTEL.</P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#000000;background-color:#FFFFFF'>&#160;</P>
<HR style='border:0;height:0;width:0;margin:14pt 0 0 0'><P align=center style='font:10pt Times New Roman;margin:0'>7</P>
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<DOCUMENT>
<TYPE>EX-99.3
<SEQUENCE>4
<FILENAME>f8ka121018_ex99z3.htm
<DESCRIPTION>EXHIBIT 99.3 IQSTEL PROFOMA FINANCIALS
<TEXT>
<HTML>
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<HEAD>
<TITLE>Exhibit 99.3 iQSTEL Profoma Financials</TITLE>
</HEAD>
<BODY>
<DIV style=margin-left:36pt;width:540pt><P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=right style='font:10pt Times New Roman;margin:0'><B>EXHIBIT 99.3</B></P>
<P align=right style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0;background-color:#FFFFFF'><B>IQSTEL INC.</B></P>
<P align=center style='font:10pt Times New Roman;margin:0;background-color:#FFFFFF'><B>UNAUDITED PRO FORMA COMBINED FINANCIAL STATEMENTS</B></P>
<P align=center style='font:10pt Times New Roman;margin:0;background-color:#FFFFFF'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0;background-color:#FFFFFF'><B>&#160;</B></P>
<P align=justify style='font:10pt Times New Roman;margin:0;background-color:#FFFFFF'><FONT style=background-color:#FFFFFF>The following unaudited pro forma combined financial statements give effect to the sale purchase transaction (the &#8220;Transaction&#8221;) between iQSTEL Inc. (the &#8220;Company&#8221;, &#8220;iQSTEL&#8221;, &#8220;we&#8221;, &#8220;us&#8221;, &#8220;our&#8221;) and&#160;</FONT>Etelix.com USA, LLC&#160;<FONT style=background-color:#FFFFFF>(&#8220;Etelix&#8221;).</FONT></P>
<P align=justify style='font:10pt Times New Roman;margin:0;background-color:#FFFFFF'>&#160;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;background-color:#FFFFFF'>&nbsp;</P>
<TABLE style=border-collapse:collapse;width:100%><TR><TD valign=top><P align=center style='font:10pt Times New Roman;margin:0'>&#160;</P>
</TD><TD valign=top style='border-bottom:1.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0'>Page</P>
</TD></TR>
<TR><TD valign=top><P style='font:10pt Times New Roman;margin:0'>Unaudited Pro Forma Condensed Consolidated Balance Sheet as of March 31, 2018</P>
</TD><TD valign=top><P align=center style='font:10pt Times New Roman;margin:0'>2</P>
</TD></TR>
<TR><TD valign=top><P style='font:10pt Times New Roman;margin:0'>Unaudited Pro Forma Condensed Consolidated Statement of Operations for the Three Months Ended March 31, 2018</P>
</TD><TD valign=top><P align=center style='font:10pt Times New Roman;margin:0'>3</P>
</TD></TR>
<TR><TD valign=top><P style='font:10pt Times New Roman;margin:0'>Unaudited Pro Forma Condensed Consolidated Statement of Operations for the Year Ended December 31, 2017</P>
</TD><TD valign=top><P align=center style='font:10pt Times New Roman;margin:0'>4</P>
</TD></TR>
</TABLE>
<HR style='border:0;height:0;width:0;margin:14pt 0 0 0'><P align=center style='font:10pt Times New Roman;margin:0'>1</P>
<HR style='page-break-after:always;border:0;height:3pt;background-color:#909090;margin:8pt 0'><P style=line-height:0;margin:0></P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style=background-color:#FFFFFF><B>IQSTEL INC.</B></FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style=background-color:#FFFFFF><B>Pro Forma </B></FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style=background-color:#FFFFFF><B>Balance Sheet &#8211;&nbsp;Unaudited</B></FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style=background-color:#FFFFFF><B>March 31, 2018</B></FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<TABLE align=center style=border-collapse:collapse;width:98%><TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=bottom style=white-space:nowrap><P align=center style='font:9pt Times New Roman;margin:0'>iQSTEL Inc.</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=center style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=bottom style=white-space:nowrap><P align=center style='font:9pt Times New Roman;margin:0'>Etelix.com </P>
<P align=center style='font:9pt Times New Roman;margin:0'>USA, LLC</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=center style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=bottom style=white-space:nowrap><P align=center style='font:9pt Times New Roman;margin:0'>Proforma</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=center style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=bottom style=white-space:nowrap><P align=center style='font:9pt Times New Roman;margin:0'>Proforma</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P align=center style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=center style='font:9pt Times New Roman;margin:0'>March 31, 2018</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=center style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=center style='font:9pt Times New Roman;margin:0'>March 31, 2018</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=center style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=center style='font:9pt Times New Roman;margin:0'>Adjustments</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=center style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=center style='font:9pt Times New Roman;margin:0'>As Adjusted</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P align=center style='font:9pt Times New Roman;margin:0'><B>ASSETS</B></P>
</TD><TD valign=middle style=white-space:nowrap><P align=center style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'><B>CURRENT ASSETS:</B></P>
</TD><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>Cash and cash equivalents</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>27,784</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>27,784</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>Refund receivable</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>20,237</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>20,237</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>Allowance for doubtful accounts</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>(20,237)</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>(20,237)</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>Accounts receivable, net of allowance for doubtful accounts</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0'>1,996,611</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0'>1,996,611</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>Total current assets</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>2,024,395</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>2,024,395</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>Property and equipment - Net</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0'>286,170</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0'>286,170</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'><B>TOTAL ASSETS</B></P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:3px double #000000'><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:3px double #000000'><P align=right style='font:9pt Times New Roman;margin:0'>2,310,565</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:3px double #000000'><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:3px double #000000'><P align=right style='font:9pt Times New Roman;margin:0'>2,310,565</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P align=center style='font:9pt Times New Roman;margin:0'><B>LIABILITIES AND STOCKHOLDERS&#8217; EQUITY (DEFICIT</B></P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'><B>CURRENT LIABILITIES:</B></P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>Cash overdraft</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>108</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>108</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>Accounts payable</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>1,119,951</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>1,119,951</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>Accrued expenses</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>79,672</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>79,672</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>Loans payable</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>239,542</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>239,542</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>Loans &#8211;&#160;related party</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>26,593</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>26,593</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>Other current liabilities</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0'>550,906</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0'>550,906</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>Total current liabilities</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>106,373</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>1,910,399</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>2,016,772</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>Long-term loans payable - related parties</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0'>90,837</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0'>90,837</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'><B>TOTAL LIABILITIES</B></P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0'>106,373</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0'>2,001,236</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0'>2,107,609</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'><B>STOCKHOLDERS&#8217; EQUITY (DEFICIT):</B></P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle><P style='font:9pt Times New Roman;margin:0;text-indent:-8.1pt;margin-left:8.1pt'>Preferred stock, $0.001 par value; 8,500,000 shares authorized; 3,187,500 shares issued and outstanding at March 31, 2018</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>3,188</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>3,188</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle><P style='font:9pt Times New Roman;margin:0;text-indent:-8.1pt;margin-left:8.1pt'>Common stock, $0.001 par value; 2,000,000,000 shares authorized; 75,004 shares (pre-adjustment) and 13,826,879 shares (post adjustment) issued and outstanding at March 31, 2018</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>75</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>13,752</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>13,827</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle><P style='font:9pt Times New Roman;margin:0'>Membership equity</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>853,515</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>(853,515)</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>Additional paid-in capital</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>647,684</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>82,443</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>730,127</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>Retained earnings (accumulated deficit)</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0'>(757,320)</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0'>(544,186)</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0'>757,320</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0'>(544,186)</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'><B>TOTAL STOCKHOLDERS&#8217; EQUITY (DEFICIT)</B></P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0'>(106,373)</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0'>309,329</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0'>202,956</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'><B>TOTAL LIABILITIES AND STOCKHOLDERS&#8217; EQUITY (DEFICIT</B></P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:3px double #000000'><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:3px double #000000'><P align=right style='font:9pt Times New Roman;margin:0'>2,310,565</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:3px double #000000'><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:3px double #000000'><P align=right style='font:9pt Times New Roman;margin:0'>2,310,565</P>
</TD></TR>
</TABLE>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style=background-color:#FFFFFF>See notes to the unaudited pro forma combined financial statements.</FONT></P>
<HR style='border:0;height:0;width:0;margin:14pt 0 0 0'><P align=center style='font:10pt Times New Roman;margin:0'>2</P>
<HR style='page-break-after:always;border:0;height:3pt;background-color:#909090;margin:8pt 0'><P style=line-height:0;margin:0></P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style=background-color:#FFFFFF><B>IQSTEL INC.</B></FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style=background-color:#FFFFFF><B>Pro Forma</B></FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style=background-color:#FFFFFF><B>Statement of Operations for the Three Months Ended March 31, 2018 &#8211;&nbsp;Unaudited</B></FONT></P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<TABLE align=center style=border-collapse:collapse;width:93.36%><TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=bottom style=white-space:nowrap><P align=center style='font:9pt Times New Roman;margin:0'>Proforma</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P align=center style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=bottom style=white-space:nowrap><P align=center style='font:9pt Times New Roman;margin:0'>iQSTEL Inc.</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=center style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=bottom style=white-space:nowrap><P align=center style='font:9pt Times New Roman;margin:0'>Etelix.com USA, LLC</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=center style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=center style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=bottom style=white-space:nowrap><P align=center style='font:9pt Times New Roman;margin:0'>As Adjusted</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P align=center style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=middle style=white-space:nowrap><P align=center style='font:9pt Times New Roman;margin:0'>For the three months ended</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=center style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=middle style=white-space:nowrap><P align=center style='font:9pt Times New Roman;margin:0'>For the three months ended</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=center style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=middle style=white-space:nowrap><P align=center style='font:9pt Times New Roman;margin:0'>Proforma</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=center style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=middle style=white-space:nowrap><P align=center style='font:9pt Times New Roman;margin:0'>For the three months ended</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P align=center style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=middle style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=center style='font:9pt Times New Roman;margin:0'>March 31, 2018</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=center style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=middle style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=center style='font:9pt Times New Roman;margin:0'>March 31, 2018</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=center style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=middle style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=center style='font:9pt Times New Roman;margin:0'>Adjustments</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=center style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=middle style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=center style='font:9pt Times New Roman;margin:0'>March 31, 2018</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P align=center style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=middle style=white-space:nowrap><P align=center style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>Revenue</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>2,180,165</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>2,180,165</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>Cost of revenue</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0'>1,967,159</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0'>1,967,159</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>Gross profit</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>213,006</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>213,006</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>Operating Expenses:</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>General and administrative expenses</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>123,976</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>123,976</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>Consulting and other expenses</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>10,172</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>(10,172)</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>Website and hosting</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>45</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>(45)</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>Other expenses</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0'>293</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0'>(293)</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>Total operating expenses</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0'>10,510</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0'>123,976</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0'>(10,510)</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0'>123,976</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>Other Income (Expense):</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>Other expenses</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>(12,935)</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>(12,935)</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>Interest expense</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>(156)</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>(57,054)</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>156</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>(57,054)</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>Derivative expense</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0'>(128,433)</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0'>128,433</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>Total other income/(expense)</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0'>(128,589)</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0'>(69,989)</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0'>128,589</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0'>(69,989)</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>Loss before income tax</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>(139,099)</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>19,041</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>139,099</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>19,041</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>Provision for income tax</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>Net loss</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><P align=right style='font:9pt Times New Roman;margin:0'>(139,099)</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><P align=right style='font:9pt Times New Roman;margin:0'>19,041</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:3px double #000000'><P align=right style='font:9pt Times New Roman;margin:0'>139,099</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><P align=right style='font:9pt Times New Roman;margin:0'>19,041</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>Basic and diluted income (loss) per common share</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:3px double #000000'><P align=right style='font:9pt Times New Roman;margin:0'>(2.51)</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:3px double #000000'><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:3px double #000000'><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:3px double #000000'><P align=right style='font:9pt Times New Roman;margin:0'>0.00</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle><P style='font:9pt Times New Roman;margin:0'>Weighted average common shares outstanding - basic and diluted (1)</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:3px double #000000'><P align=right style='font:9pt Times New Roman;margin:0'>55,515</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:3px double #000000'><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:3px double #000000'><P align=right style='font:9pt Times New Roman;margin:0'>13,826,879</P>
</TD></TR>
</TABLE>
<P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style=background-color:#FFFFFF>See notes to the unaudited pro forma combined financial statements.</FONT></P>
<HR style='border:0;height:0;width:0;margin:14pt 0 0 0'><P align=center style='font:10pt Times New Roman;margin:0'>3</P>
<HR style='page-break-after:always;border:0;height:3pt;background-color:#909090;margin:8pt 0'><P style=line-height:0;margin:0></P>
<P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style=background-color:#FFFFFF><B>IQSTEL INC.</B></FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style=background-color:#FFFFFF><B>Pro Forma</B></FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style=background-color:#FFFFFF><B>Statement of Operations for the Year Ended December 31, 2017 &#8211;&nbsp;Unaudited</B></FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<TABLE align=center style=border-collapse:collapse;width:95.52%><TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=bottom style=white-space:nowrap><P align=center style='font:9pt Times New Roman;margin:0'>Proforma</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P align=center style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=bottom style=white-space:nowrap><P align=center style='font:9pt Times New Roman;margin:0'>iQSTEL Inc.</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=center style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=bottom style=white-space:nowrap><P align=center style='font:9pt Times New Roman;margin:0'>Etelix.com USA, LLC</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=center style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=center style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=bottom style=white-space:nowrap><P align=center style='font:9pt Times New Roman;margin:0'>As Adjusted</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P align=center style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=middle style=white-space:nowrap><P align=center style='font:9pt Times New Roman;margin:0'>For the twelve months ended</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=center style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=middle style=white-space:nowrap><P align=center style='font:9pt Times New Roman;margin:0'>For the year ended</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=center style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=middle style=white-space:nowrap><P align=center style='font:9pt Times New Roman;margin:0'>Proforma</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=center style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=middle style=white-space:nowrap><P align=center style='font:9pt Times New Roman;margin:0'>For the twelve months ended</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P align=center style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=middle style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=center style='font:9pt Times New Roman;margin:0'>December 31, 2017</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=center style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=middle style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=center style='font:9pt Times New Roman;margin:0'>December 31, 2017</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=center style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=middle style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=center style='font:9pt Times New Roman;margin:0'>Adjustments</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=center style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=middle style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=center style='font:9pt Times New Roman;margin:0'>December 31, 2017</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P align=center style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=middle style=white-space:nowrap><P align=center style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>Revenue</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>7,514,855</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>7,514,855</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>Cost of revenue</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0'>6,896,806</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0'>6,896,806</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>Gross profit</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>618,049</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>618,049</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>Operating Expenses:</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>General and administrative </P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>692,053</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>692,053</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>Professional fees and consulting</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>92,084</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>(92,084)</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>Website and hosting</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>793</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>(793)</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>Loss on Inventory</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>12,187</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>(12,187)</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>Other expenses</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>8,595</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>(8,595)</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>Total operating expenses</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0'>113,659</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0'>692,053</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0'>(113,659)</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0'>692,053</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>Other Income (Expense):</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>Interest expense</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>(196,000)</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>(240,778)</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>196,000</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>(240,778)</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>Derivative expense</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>(41,864)</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>41,864</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>Change in derivative liability</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>105,383</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>(105,383)</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>Other expense</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0'>(40,924)</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0'>(40,924)</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>Total other income (expense)</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0'>(132,481)</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0'>(281,702)</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0'>132,481</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0'>(281,702)</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>Net loss before income tax</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>(246,140)</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>(355,706)</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>246,140</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>(355,706)</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>Provision for income tax</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:0.5pt solid #000000'><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>Net loss</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><P align=right style='font:9pt Times New Roman;margin:0'>(246,140)</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style='white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:3px double #000000'><P align=right style='font:9pt Times New Roman;margin:0'>(355,706)</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:3px double #000000'><P align=right style='font:9pt Times New Roman;margin:0'>246,140</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>$</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:3px double #000000'><P align=right style='font:9pt Times New Roman;margin:0'>(355,706)</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P style='font:9pt Times New Roman;margin:0'>Basic and diluted loss per common share</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:3px double #000000'><P align=right style='font:9pt Times New Roman;margin:0'>(6.35)</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:3px double #000000'><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:3px double #000000'><P align=right style='font:9pt Times New Roman;margin:0'>(0.03)</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle><P style='font:9pt Times New Roman;margin:0'>Weighted average common shares outstanding - basic and diluted (1)</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:3px double #000000'><P align=right style='font:9pt Times New Roman;margin:0'>38,753</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:3px double #000000'><P align=right style='font:9pt Times New Roman;margin:0'>-</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=white-space:nowrap><P align=right style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='white-space:nowrap;border-bottom:3px double #000000'><P align=right style='font:9pt Times New Roman;margin:0'>13,796,323</P>
</TD></TR>
</TABLE>
<P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style=background-color:#FFFFFF>See notes to the unaudited pro forma combined financial statements.</FONT> </P>
<HR style='border:0;height:0;width:0;margin:14pt 0 0 0'><P align=center style='font:10pt Times New Roman;margin:0'>4</P>
<HR style='page-break-after:always;border:0;height:3pt;background-color:#909090;margin:8pt 0'><P style=line-height:0;margin:0></P>
<P align=center style='font:10pt Times New Roman;margin:0;background-color:#FFFFFF'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0;background-color:#FFFFFF'><B>IQSTEL INC.</B></P>
<P align=center style='font:10pt Times New Roman;margin:0;background-color:#FFFFFF'><B>NOTES TO THE UNAUDITED PRO FORMA COMBINED FINANCIAL STATEMENTS</B></P>
<P align=justify style='font:10pt Times New Roman;margin:0'><I>&#160;</I></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>On June 25, 2018, <FONT style=background-color:#FFFFFF>iQSTEL Inc. (the &#8220;Company&#8221;, &#8220;iQSTEL&#8221;, &#8220;we&#8221;, &#8220;us&#8221;, &#8220;our&#8221;)</FONT>, a company incorporated under the laws of the State of Nevada, USA, entered into a membership interest purchase agreement with Etelix.com USA, LLC (&#8220;Etelix&#8221;) and Etelix&#8217;s membership holders whereby the Company issued 13,751,875 new common shares in exchange for all of the outstanding ordinary membership of Etelix, which totaled 100% membership interest.  Etelix has been engaged in the business of telecommunication services as a wholesale carrier of voice and data for other telecom companies around the World with more than 150 active interconnection agreements with mobile companies, fix line companies and other wholesale carriers. The transaction under the membership interest purchase agreement has been accounted for as a reverse-merger and recapitalization of the Company where the Company (the legal acquirer) is considered the accounting acquiree and Etelix (the legal acquiree) is considered the accounting acquirer. As a result of this transaction, the Company is deemed to be a continuation of the business of Etelix.</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&#160;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;background-color:#FFFFFF'><B>1. BASIS OF PRO FORMA PRESENTATION</B></P>
<P align=justify style='font:10pt Times New Roman;margin:0;background-color:#FFFFFF'>&#160;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;background-color:#FFFFFF'>The unaudited pro forma condensed combined balance sheets have been derived from the historical March 31, 2018 balance sheet of Etelix after giving effect to the acquisition with iQSTEL. The pro forma balance sheet and statement of operations and comprehensive loss present this transaction as if they had been consummated as of March 31, 2018 as required under Article 11 of Regulation S-X.</P>
<P align=justify style='font:10pt Times New Roman;margin:0;background-color:#FFFFFF'>&#160;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;background-color:#FFFFFF'>Historical financial information has been adjusted in the pro forma balance sheet to pro forma events that are: (1) directly attributable to the Acquisition; (2) factually supportable; and (3) expected to have a continuing impact on the Company&#8217;s results of operations. The pro forma adjustments presented in the pro forma condensed combined balance sheet and statement of operations are described in Note 3&#8212; Pro Forma Adjustments.</P>
<P align=justify style='font:10pt Times New Roman;margin:0;background-color:#FFFFFF'>&#160;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;background-color:#FFFFFF'>The unaudited pro forma combined financial information is for illustrative purposes only. These companies may have performed differently had they actually been combined for the periods presented. You should not rely on the pro forma condensed combined financial information as being indicative of the historical results that would have been achieved had the companies always been combined or the future results that the combined companies will experience after the merger. Unaudited pro forma financial information and the notes thereof should be read in conjunction with the accompanying historical financial statements of Etelix included elsewhere in this report.</P>
<P align=justify style='font:10pt Times New Roman;margin:0;background-color:#FFFFFF'>&#160;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;background-color:#FFFFFF'><B>2. ACCOUNTING PERIODS PRESENTED</B></P>
<P align=justify style='font:10pt Times New Roman;margin:0;background-color:#FFFFFF'>&#160;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;background-color:#FFFFFF'>Certain pro forma adjustments were made to conform Etelix&#8217;s accounting policies to the Company&#8217;s accounting policies as noted below.</P>
<P align=justify style='font:10pt Times New Roman;margin:0;background-color:#FFFFFF'>&#160;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;background-color:#FFFFFF'>The unaudited pro forma condensed combined balance sheet as of March 31, 2018 is presented as if the Etelix acquisition had occurred on March 31, 2018 and combines the historical balance sheet of the Company at March 31, 2018 and the historical balance sheet of Etelix at March 31, 2018.</P>
<P align=justify style='font:10pt Times New Roman;margin:0;background-color:#FFFFFF'>&#160;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;background-color:#FFFFFF'>The unaudited pro forma condensed combined statement of operations of the Company and Etelix for the period ended March 31, 2018 are presented as if the acquisition had taken place on March 31, 2018. The pro forma statement of operations for the period ended March 31, 2018 combines the historical results of the Company for the three months ended March 31, 2018 and the historical results of Etelix for three months ended March 31, 2018.</P>
<P align=justify style='font:10pt Times New Roman;margin:0;background-color:#FFFFFF'>&#160;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;background-color:#FFFFFF'>The unaudited pro forma combined statement of operations for the year ended December 31, 2017 has been prepared by combining the Company&#8217;s historical consolidated statement of operations for the year ended December 31, 2017, with the historical consolidated statement of income of Etelix for the year ended December 31, 2017.</P>
<P align=justify style='font:10pt Times New Roman;margin:0;background-color:#FFFFFF'>&#160;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;background-color:#FFFFFF'><B>3. PRO FORMA ADJUSTMENTS</B></P>
<P align=justify style='font:10pt Times New Roman;margin:0;background-color:#FFFFFF'>&#160;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;background-color:#FFFFFF'>The adjustments included in the pro forma balance sheet and statement of operations are as follows:</P>
<P align=justify style='font:10pt Times New Roman;margin:0;background-color:#FFFFFF'>&#160;</P>
<TABLE style=border-collapse:collapse;width:100%><TR><TD valign=top><P style='font:10pt Times New Roman;margin:0'>&#160;</P>
</TD><TD valign=top><P style='font:10pt Times New Roman;margin:0'>&#9679;</P>
</TD><TD valign=top><P align=justify style='font:10pt Times New Roman;margin:0'>To record 13,751,875 shares of iQSTEL common stock issued in exchange for 100% membership interest of Etelix.</P>
</TD></TR>
<TR><TD valign=top><P style='font:10pt Times New Roman;margin:0'>&#160;</P>
</TD><TD valign=top><P style='font:10pt Times New Roman;margin:0'>&#160;</P>
</TD><TD valign=top><P align=justify style='font:10pt Times New Roman;margin:0'>&#160;</P>
</TD></TR>
<TR><TD valign=top><P style='font:10pt Times New Roman;margin:0'>&#160;</P>
</TD><TD valign=top><P style='font:10pt Times New Roman;margin:0'>&#9679;</P>
</TD><TD valign=top><P align=justify style='font:10pt Times New Roman;margin:0'>To eliminate the accumulated loss of iQSTEL incurred before the date of the membership interest purchase agreement.</P>
</TD></TR>
<TR><TD valign=top><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top><P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR><TD valign=top><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top><P style='font:10pt Times New Roman;margin:0'>&#9679;</P>
</TD><TD valign=top><P align=justify style='font:10pt Times New Roman;margin:0'>To adjust share capital of Etelix.com USA to additional paid-in capital.</P>
</TD></TR>
</TABLE>
<P style='font:10pt Times New Roman;margin:0'>&#160;</P>
<HR style='border:0;height:0;width:0;margin:14pt 0 0 0'><P align=center style='font:10pt Times New Roman;margin:0'>5</P>
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