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EX-32.1 - EXHIBIT 32.1 - ZEUUS, INC.ex32_1apg.htm
EX-31.1 - EXHIBIT 31.1 - ZEUUS, INC.ex31_1apg.htm


UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 10-Q



Mark One


[X]  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934


For the quarterly period ended: June 30, 2020


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


For the transition period from ______ to _______


Commison File No. 333-214815



KRIPTECH INTERNATIONAL CORP.

(Exact name of registrant as specified in its charter)



Nevada

(State or Other Jurisdiction of Incorporation or Organization)

37-1830331

IRS Employer Identification Number

7389

Primary Standard Industrial Classification Code Number



31361 TRIGO TRAIL

Coto’De Caza, CA 92679

 (305) 353-8178

(Issuers Address and Telephone Number)


21/37 moo 4, Bangrak, Bophut, Koh Samui,

Surat Thani Province, Thailand 8810

Tel.  (424) 265-6700

(Issuer’s Former Address and telephone number)





Indicate by checkmark whether the issuer: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.   Yes [X]   No[   ]

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes [ ]   No[X]

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

 [   ]

Large accelerated filer

 

[   ]

Accelerated filer

 [X]

Non-accelerated filer

 

[X]

Smaller reporting company

 

 

 

[   ]

Emerging growth company

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. [   ]

Indicate by checkmark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes [  ]  No [X ]

Applicable Only to Issuer Involved in Bankruptcy Proceedings During the Preceding Five Years.  N/A

Applicable Only to Corporate Registrants

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

 

Trading Symbol(s)

 

Name of each exchange on which registered

 

 

 

 

 

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date:

Class

Outstanding as of August 3, 2020

Common Stock, $0.001

10,530,000



FORWARD LOOKING STATEMENTS


Statements made in this Form 10-Q that are not historical or current facts are "forward-looking statements" made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 (the "Act") and Section 21E of the Securities Exchange Act of 1934. These statements often can be identified by the use of terms such as "may," "will," "expect," "believe," "anticipate," "estimate," "approximate" or "continue," or the negative thereof. We intend that such forward-looking statements be subject to the safe harbors for such statements. We wish to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Any forward-looking statements represent management's best judgment as to what may occur in the future. However, forward-looking statements are subject to risks, uncertainties and important factors beyond our control that could cause actual results and events to differ materially from historical results of operations and events and those presently anticipated or projected. We disclaim any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statement or to reflect the occurrence of anticipated or unanticipated events.




2



KRIPTECH INTERNATIONAL CORP.


Form 10-Q


PART 1   

FINANCIAL INFORMATION

 

ITEM 1

UNAUDITED FINANCIAL STATEMENTS

4

   

   UNAUDITED BALANCE SHEETS

4

      

   UNAUDITED STATEMENTS OF OPERATIONS

5

 

   UNAUDITED STATEMENTS OF CASH FLOWS

6

 

   NOTES TO UNAUDITED FINANCIAL STATEMENTS

7

ITEM 2.

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

10

ITEM 3.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

12

ITEM 4.

CONTROLS AND PROCEDURES

12

 

 

 

PART II.

OTHER INFORMATION

 

ITEM 1

LEGAL PROCEEDINGS

13

ITEM 1A

RISK  FACTORS

13

ITEM 2.

UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

13

ITEM 3

DEFAULTS UPON SENIOR SECURITIES

13

ITEM 4

MINE SAFETY DISCLOSURES

13

ITEM 5

OTHER INFORMATION

13

ITEM 6

EXHIBITS

13





3




KRIPTECH INTERNATIONAL CORP.

BALANCE SHEETS

 

 

June 30, 2020

 

 

September 30, 2019

ASSETS

 

(Unaudited)

 

 

(Audited)

Current Assets:

 

 

 

 

 

   Cash

$

45 

 

$

153 

Total current assets

 

45 

 

 

153 

    Fixed assets

 

 

 

250 

Total Assets

$

45 

 

$

403 

 

 

 

 

 

 

LIABILITIES AND STOCKHOLDERS' DEFICIT

 

 

 

 

 

 

 

 

 

 

 

Current Liabilities:

 

 

 

 

 

   Accounts payable

$

495 

 

$

297 

   Loan from related parties

 

13,868 

 

 

2,600 

Total Current Liabilities

 

14,363 

 

 

2,897 

Total Liabilities

 

14,363 

 

 

2,897 

 

 

 

 

 

 

Commitments and contingencies

 

 

 

 

 

 

 

 

 

Stockholders' Deficit:

 

 

 

 

 

Common Stock, par value $0.001, 75,000,000 shares authorized; 10,530,000 shares issued and outstanding

 

10,530 

 

 

10,530 

Additional paid-in capital

 

22,770 

 

 

22,770 

Accumulated deficit

 

(47,618)

 

 

(35,794)

Total Stockholders' Deficit

 

(14,318)

 

 

(2,494)

Total Liabilities and Stockholders' Deficit

$

45 

 

$

403 



The accompanying notes are an integral part of these unaudited financial statements.




4




KRIPTECH INTERNATIONAL CORP.

STATEMENT OF OPERATIONS

(UNAUDITED)

 

For the Three Months Ended

June 30,

 

For the Nine Months Ended

 June 30,

 

2020

 

 

2019

 

2020

 

2019

Revenue

$

 

 

$

2,300 

 

$

 

$

7,900 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating Expenses:

 

 

 

 

 

 

 

 

 

 

 

 

    General and administrative

 

2,233 

 

 

 

2,486 

 

 

11,824 

 

 

17,724 

Total operating expenses

 

2,233 

 

 

 

2,486 

 

 

11,824 

 

 

17,724 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loss from operations

 

(2,233)

 

 

 

(186)

 

 

(11,824)

 

 

(9,824)

 

 

 

 

 

 

 

 

 

 

 

 

 

Loss before provision for income taxes

 

(2,233)

 

 

 

(186)

 

 

(11,824)

 

 

(9,824)

Provision for income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Loss

$

(2,233)

 

 

$

(186)

 

$

(11,824)

 

$

(9,824)

 

 

 

 

 

 

 

 

 

 

 

 

 

Loss per share, basic and diluted

 

(0.00)

 

 

$

(0.00)

 

$

(0.00)

 

$

(0.00)

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding, basic and diluted

10,530,000

 

 

10,530,000

 

10,530,000

 

10,530,000 

 

 

 

 

 

 

 

 

 


The accompanying notes are an integral part of these unaudited financial statements.




5




KRIPTECH INTERNATIONAL CORP.

STATEMENT OF STOCKHOLDERS’ DEFICIT

FOR THE NINE MONTHS ENDED JUNE 30, 2019 AND 2020

(UNAUDITED)

 

Common Stock

 

Additional Paid in

 

Accumulated

 

 

 

Shares

 

Amount

 

Capital

 

Deficit

 

Total

Balances as of September 30, 2018

10,530,000

 

$

10,530

 

$

22,770

 

$

(25,330)

 

 

7,970 

Net loss

-

 

 

-

 

 

-

 

 

(5,864)

 

 

(5,864)

Balances as of December 31, 2018

10,530,000

 

 

10,530

 

 

22,770

 

 

(31,194)

 

 

2,106 

Net loss

-

 

 

-

 

 

-

 

 

(3,774)

 

 

(3,774)

Balances as of March 31, 2019

10,530,000

 

 

10,530

 

 

22,770

 

 

(34,968)

 

 

(1,668)

Net loss

-

 

 

-

 

 

-

 

 

(186)

 

 

(186)

Balances as of June 30, 2019

10,530,000

 

$

10,530

 

$

22,770

 

$

(35,154)

 

$

(1,854)

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 

Common Stock

 

Additional Paid in

 

Accumulated

 

 

 

Shares

 

Amount

 

Capital

 

Deficit

 

Total

Balances as of September 30, 2019

10,530,000

 

$

10,530

 

$

22,770

 

$

(35,794)

 

$

(2,494)

Net loss

-

 

 

-

 

 

-

 

 

(4,958)

 

 

(4,958)

Balances as of December 31, 2019

10,530,000

 

 

10,530

 

 

22,770

 

 

(40,752)

 

 

(7,452)

Net loss

-

 

 

-

 

 

-

 

 

(4,633)

 

 

(4,633)

Balances as of March 31, 2020

10,530,000

 

 

10,530

 

 

22,770

 

 

(45,385)

 

 

(12,085)

Net loss

-

 

 

-

 

 

-

 

 

(2,233)

 

 

(2,233)

Balances as of June 30, 2020

10,530,000

 

$

10,530

 

$

22,770

 

$

(47,318)

 

$

(14,318)



The accompanying notes are an integral part of these unaudited financial statements.




6





KRIPTECH INTERNATIONAL CORP.

STATEMENTS OF CASH FLOWS

(UNAUDITED)

 

 

For the Nine Months Ended

June 30,

 

 

2020

 

2019

Cash flows from operating activities:

 

 

 

 

 

 

 

Net Loss

 

$

(11,824)

 

$

(9,824)

 

Adjustments to reconcile net loss to net cash used in operating activities:

 

 

 

 

 

 

 

    Depreciation

 

 

250 

 

 

375 

 

Changes in operating assets and liabilities:

 

 

 

 

 

 

 

    Accounts payable

 

 

198 

 

 

 Net cash used in operating activities

 

 

(11,376)

 

 

(9,449)

 

 

  

 

 

 

 

 

 

Cash flows from investing activities:

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash flows from financing activities:

 

 

 

 

 

 

     Proceeds from shareholder loans

 

 

11,268 

 

 

Net cash provided by financing activities

 

 

11,268 

 

 

 

 

  

 

 

 

 

 

 

Net decrease in cash

 

 

(108)

 

 

(9,449)

 

 

 

 

 

 

 

 

 

Cash, beginning of period

 

 

153 

 

 

9,820 

 

 

  

 

 

 

 

 

 

Cash, end of period

 

$

45 

 

$

371 

 

 

 

 

 

 

 

 

 

Supplemental disclosure of cash flow information:

 

 

 

 

 

 

 

Cash paid for taxes

 

$

 

$

 

Cash paid for interest

 

$

 

$

 

 

 

 

 

 

 

 


The accompanying notes are an integral part of these unaudited financial statements.




7



KRIPTECH INTERNATIONAL CORP.

NOTES TO THE UNAUDITED FINANCIAL STATEMENTS

FOR THE NINE MONTHS ENDED JUNE 30, 2020

(UNAUDITED)



NOTE 1 – ORGANIZATION AND BUSINESS

 

KRIPTECH INTERNATIONAL CORP. (the “Company”) is a corporation established under the corporation laws in the State of Nevada on March 20, 2016. The company intends to commence operations in the business of visa consultancy services. The Company has adopted September 30 fiscal year end.


On June 11, 2020, Meshal Al Mutawa, acquired control of 8,000,000 restricted shares of the Company’s issued and outstanding common stock, representing approximately 75.97% of the Company’s total issued and outstanding common stock, from Anatolii Antontcev and Aleksandr Zausayev in exchange for $270,000 per the terms of a Stock Purchase Agreement by and amongst Mr. Al Mutawa, Mr. Zausayev and Mr. Antontcev.


On June 11, 2020, (i) Mr. Anatolii Antontcev resigned from all positions with the Company, including as President, Chief Executive Officer, Treasurer, Chief Financial Officer and as a Director, (ii) Aleksandr Zausayev resigned as the Secretary.


On June 11, Mr. Meshal Al Mutawa was appointed to the Company’s Board of Directors and as the Company’s President, Chief Executive Officer, Treasurer, Chief Financial Officer, and Secretary.


NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES


Basis of Presentation

The Company’s unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”).

The financial statements included herein are unaudited; however, they contain all normal recurring accruals and adjustments that, in the opinion of management, are necessary to present fairly the Company’s financial position at June 30, 2020 the results of its operations for the nine months ended June 30, 2020 and cash flows for the nine months ended June 30, 2020. The results of operations for the nine months ended June 30, 2020, are not necessarily indicative of the results to be expected for future quarters or the full year.


Cash and Cash Equivalents

For purposes of the statement of cash flows, the Company considers all highly liquid instruments purchased with an original maturity of three months or less to be cash equivalents. The Company's bank accounts are deposited in insured institutions. The funds are insured up to $250,000. At June 30, 2020 the Company's bank deposits did not exceed the insured amounts.


Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results may differ from those estimates.


Revenue Recognition

The Company follows the guidance of the Accounting Standards Codification (“ASC”) Topic 605, Revenue Recognition. We recognize revenue when all of the following conditions are satisfied: (1) there is persuasive evidence of an arrangement; (2) the product or service has been provided to the customer; (3) the amount of fees to be paid by the customer is fixed or determinable; and (4) the collection of our fees is probable. The Company records revenue when it is realizable and earned and the consulting services have been rendered to the customers. 


Recently issued accounting pronouncements

The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not




8



believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations. The Company is also evaluating the potential impact of new standards that have been issued but are not yet effective.


NOTE 3 – GOING CONCERN


The Company’s financial statements as of June 30, 2020 were prepared using generally accepted accounting principles 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 has not yet established an ongoing source of revenue sufficient to cover its operating costs and allow it to continue as a going concern. The Company has accumulated loss from inception (March 20, 2016) to June 30, 2020 of $47,618.


In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management’s plan is to obtain such resources for the Company by obtaining capital from management and significant shareholders sufficient to meet its minimal operating expenses and seeking third party equity and/or debt financing. However, management cannot provide any assurances that the Company will be successful in accomplishing any of its plans. These financial statements do not include any adjustments related to the recoverability and classification of assets or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.


NOTE 4 – FIXED ASSETS


On March 28, 2017, the Company purchased a computer for $1,375, which was depreciated using the straight-line method over the useful life of the asset of three years. During the nine months ended June 30, 2020 and 2019, the Company recorded $250 and $375 in depreciation expense for the computer, respectively. As of June 30, 2020, the asset has been fully depreciated.


NOTE 5 – RELATED PARTY TRANSACTIONS

 

In support of the Company’s efforts and cash requirements, it may rely on advances from related parties until such time that the Company can support its operations or attains adequate financing through sales of its equity or traditional debt financing. There is no formal written commitment for continued support by officers, directors, or shareholders. Amounts represent advances or amounts paid in satisfaction of liabilities. The advances are considered temporary in nature and have not been formalized by a promissory note.  


Since March 20, 2016 (inception) through June 30, 2020, the Company’s president, treasurer and director loaned the Company $13,868 to pay for incorporation costs and operating expenses. As of June 30, 2020, the amount outstanding was $13,868. The loan is non-interest bearing, due upon demand and unsecured.


NOTE 6 - SUBSEQUENT EVENTS


Management has evaluated subsequent events pursuant to the requirements of ASC Topic 855, from the balance sheet date through the date the financial statements were issued and has determined that no material subsequent events exist.





9



ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION


We provide our consulting service in Thailand for Thai citizens. Thai people need visa for many countries in the world. We provide visa consulting service for visitors to Schengen area (26 European countries), USA (visitors visa type B1/B2), Canada, UK, Australia, China, and/or about 30 other countries.


RESULTS OF OPERATIONS


Three Months Ended June 30, 2020 compared to the Three Months Ended June 30, 2019


Revenue


During the three months ended June 30, 2020 we did not generate any revenue compared to $2,300 during the three months ended June 30, 2019. The decrease of revenue was due to no sales for the three-months ended June 30, 2020.


Operating Expenses


During the three months ended June 30, 2020, we incurred $2,233 in general and administrative expenses (“G&A”) compared to $2,486 during the three months ended June 30, 2019, a decrease of $253, or 10.2%.  In the current period we had lower depreciation expense and a slight decrease in professional fees.


Net Loss


Our net loss for the three months ended June 30, 2020 was $2,233 compared to net loss of $186 for the three months ended June 30, 2019, a decrease of $2,047. Our increase in net loss in the current period is due to no revenue being earned during the three months ended June 30, 2020.


Nine Months Ended June 30, 2020 compared to the Nine Months Ended June 30, 2019


Revenue


During the nine months ended June 30, 2020 we did not generate any in revenue compared to $7,900 during the nine months ended June 30, 2019. The decrease of revenue was due to no sales for the nine-months ended June 30, 2020.


Operating Expenses


During the nine months ended June 30, 2020, we incurred $11,824 in G&A expenses compared to $17,724 during the nine months ended June 30, 2019, a decrease of $5,900 or 33.3%. The decrease in expense is due to an overall decrease in operations. In addition, we incurred a $3,500 expense for DTC advisory for the period ended June 30, 2019 which we did not incur in the current period.


Net Loss


Our net loss for the nine months ended June 30, 2020 was $11,824 compared to a net loss of $9,824 for the nine months ended June 30, 2019, a decrease of $2,000 or 20.4%.


LIQUIDITY AND CAPITAL RESOURCES


As of June 30, 2020, our total assets were $45 compared to $403 in total assets at June 30, 2019. As of June 30, 2020, our current liabilities were $14,363 compared to $2,897 as of June 30, 2019.


Cash Flows from Operating Activities


For the nine months ended June 30, 2020, cash flow used for operating activities was $11,376 consisting of a net loss of $11,824, depreciation of $250 and increase of account payable of $198. For the nine months ended June 30, 2019, cash flow used for operating activities was $9,449 consisting of a net loss of $9,824 and depreciation expense of $375.





10



Cash Flows from Financing Activities


We have financed our operations primarily from either advancements or the issuance of equity and debt instruments. For the nine-months ended June 30, 2020 net cash provided by financing activities was $11,268 received from loans from a related party. For the nine-months ended June 30, 2019 net cash provided by financing activities was $-0-.


PLAN OF OPERATION AND FUNDING


We expect that working capital requirements will continue to be funded through a combination of our existing funds and further issuances of securities. Our working capital requirements are expected to increase in line with the growth of our business.


Existing working capital, further advances and debt instruments, and anticipated cash flow are expected to be adequate to fund our operations over the next six months. We have no lines of credit or other bank financing arrangements. Generally, we have financed operations to date through the proceeds of the private placement of equity and debt instruments. In connection with our business plan, management anticipates additional increases in operating expenses and capital expenditures relating to: (i) developmental expenses associated with a start-up business and (ii) marketing expenses. We intend to finance these expenses with further issuances of securities, and debt issuances. Thereafter, we expect we will need to raise additional capital and generate revenues to meet long-term operating requirements. Additional issuances of equity or convertible debt securities will result in dilution to our current shareholders. Further, such securities might have rights, preferences or privileges senior to our common stock. Additional financing may not be available upon acceptable terms, or at all. If adequate funds are not available or are not available on acceptable terms, we may not be able to take advantage of prospective new business endeavors or opportunities, which could significantly and materially restrict our business operations.


MATERIAL COMMITMENTS


As of the date of this Quarterly Report, we do not have any material commitments.


QUARTERLY DEVELOPMENTS


On June 11, 2020, Meshal Al Mutawa, acquired control of 8,000,000 restricted shares of the Company’s issued and outstanding common stock, representing approximately 75.97% of the Company’s total issued and outstanding common stock, from Anatolii Antontcev and Aleksandr Zausayev in exchange for $270,000 per the terms of a Stock Purchase Agreement by and amongst Mr. Al Mutawa, Mr. Zausayev and Mr. Antontcev.


On June 11, 2020, (i) Mr. Anatolii Antontcev resigned from all positions with the Company, including as President, Chief Executive Officer, Treasurer, Chief Financial Officer and as a Director, (ii) Aleksandr Zausayev resigned as the Secretary.


On June 11, Mr. Meshal Al Mutawa was appointed to the Company’s Board of Directors and as the Company’s President, Chief Executive Officer, Treasurer, Chief Financial Officer, and Secretary.


PURCHASE OF SIGNIFICANT EQUIPMENT


We do not intend to purchase any significant equipment during the next twelve months.


OFF-BALANCE SHEET ARRANGEMENTS


As of the date of this Quarterly Report, we do not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to investors.


GOING CONCERN


The independent auditors' report accompanying our September 30, 2019 financial statements contains an explanatory paragraph expressing substantial doubt about our ability to continue as a going concern. The financial




11



statements have been prepared "assuming that we will continue as a going concern," which contemplates that we will realize our assets and satisfy our liabilities and commitments in the ordinary course of business.


ITEM 3.  QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK


As a “smaller reporting company” as defined by Item 10 of Regulation S-K, the Company is not required to provide this information.


ITEM 4.  CONTROLS AND PROCEDURES


Our management is responsible for establishing and maintaining a system of disclosure controls and procedures (as defined in Rule 13a-15(e) and 15d-15(e) under the Exchange Act) that is designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the Commission’s rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by an issuer in the reports that it files or submits under the Exchange Act is accumulated and communicated to the issuer’s management, including its principal executive officer or officers and principal financial officer or officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.


An evaluation was conducted under the supervision and with the participation of our management of the effectiveness of the design and operation of our disclosure controls and procedures as of June 30, 2020. Based on that evaluation, our management concluded that our disclosure controls and procedures were effective as of such date to ensure that information required to be disclosed in the reports that we file or submit under the Exchange Act, is recorded, processed, summarized and reported within the time periods specified in SEC rules and forms. Such officer also confirmed that there was no change in our internal control over financial reporting during the nine months ended June 30, 2020 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.





12



PART II. OTHER INFORMATION


ITEM 1.  LEGAL PROCEEDINGS


Management is not aware of any legal proceedings contemplated by any governmental authority or any other party involving us or our properties. As of the date of this Quarterly Report, no director, officer or affiliate is (i) a party adverse to us in any legal proceeding, or (ii) has an adverse interest to us in any legal proceedings. Management is not aware of any other legal proceedings pending or that have been threatened against us or our properties.


ITEM 1A.  RISK FACTORS


We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.


ITEM 2.  UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS


None.

ITEM 3.  DEFAULTS UPON SENIOR SECURITIES


None.


ITEM 4.  MINE SAFETY DISCLOSURES


Not applicable to our Company.


ITEM 5.  OTHER INFORMATION


None.


ITEM 6.  EXHIBITS


Exhibits:


31.1 Certification of Chief Executive Officer and Chief Financial Officer pursuant to Securities Exchange Act of 1934 Rule 13a-14(a) or 15d-14(a)


32.1 Certification of Chief Executive Officer and Chief Financial Officer pursuant to Securities Exchange Act of 1934 Rule 13a-14(b) or 15d-14(b) and 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes- Oxley Act of 2002


101.INS  XBRL Instance Document

101.SCH XBRL Taxonomy Extension Schema Document

101.CAL XBRL Taxonomy Extension Calculation Linkbase Document

101.DEF XBRL Taxonomy Extension Definition Document

101.LAB XBRL Taxonomy Extension Label Linkbase Document

101.PRE XBRL Taxonomy Extension Presentation Linkbase Document





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SIGNATURES


In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.


 

KRIPTECH INTERNATIONAL CORP.

Dated: August 13, 2020

By:/s/ Meshal Al Mutawa

 

Meshal Al Mutawa, President and Chief Executive Officer and Chief Financial Officer





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