UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

~~FORM~~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 October 31, 2013
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
	For the transition period from __________ to ______________

[x] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

333-157558
(Commission File Number)
GLOBAL RESOURCE ENERGY INC.
(Exact name of registrant as specified in its charter)
Nevada	68-0677348
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)
Ste #D172 – 3651 Lindell Rd., Las Vegas, NV	89103
(Address of principal executive offices)	(Zip Code)
(702) 943-0325
(Registrant’s telephone number, including area code)
(Former name, former address and former fiscal year, if changed since last report)

For the quarterly period ended July 31, 2014

~~Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13~~ or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

~~Yes~~ [X ] NoTRANSITION [REPORT ]UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

~~Indicate~~For ~~by check mark whether~~ the ~~registrant~~transition 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~~from __________________ ~~the registrant was required~~ to ~~submit and post such files).~~______________________

~~Yes~~Commission [file ~~] No [ X ]~~number 333-157558

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

GLOBAL RESOURCE ENERGY INC.
(Exact name of small business issuer as specified in its charter)
Nevada					N/A
(State or other jurisdiction of incorporation or organization)					(IRS Employer Identification No.)
3651 Lindell Rd., Suite D172 Las Vegas, NV 89103
(Address of principal executive offices)
702-943-0325
(Issuer’s telephone number)
Not Applicable
(Former name, former address and former fiscal year, if changed since last report)
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
[ X ]	YES	[ ]	NO
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a small reporting company. See the definitions of “large accelerated filer”, “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act
Large accelerated filer			[ ]			Accelerated filer				[ ]
Non-accelerated filer			[ ]	(Do not check if a smaller reporting company)		Smaller reporting company				[ X ]
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act
						[ ]	YES	[ X ]	NO
APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PRECEDING FIVE YEARS Check whether the registrant has filed all documents and reports required to be filed by Sections 12, 13 or 15(d) of the Exchange Act after the distribution of securities under a plan confirmed by a court.
						[ ]	YES	[ ]	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	[ X ]	NO
APPLICABLE ONLY TO CORPORATE ISSUERS
Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.
74,170,997 common shares issued and outstanding as of November 1, 2014.

Large accelerated filer [ ] Accelerated filer [ ] Non-accelerated filer [ ] Smaller reporting company [X] (Do not check if a smaller reporting company)

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes [ ] No [X]

APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY

PROCEEDINGS DURING THE PRECEDING FIVE YEARS:

Indicate by check mark whether the registrant filed all documents and reports required to be filed by Section 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court.

Yes [ ] No [ ]

APPLICABLE ONLY TO CORPORATE ISSUERS

74,170,997 common shares outstanding as of December 5, 2013 (Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.)

GLOBAL RESOURCE ENERGY INC.

TABLE OF CONTENTS

		Page
	PART I – FINANCIAL INFORMATION
Item 1.	Financial Statements	3
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	4
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	6
Item 4.	Controls and Procedures	7
	PART II – OTHER INFORMATION
Item 1.	Legal Proceedings	8
Item 1A.	Risk Factors	8
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	8
Item 3.	Defaults Upon Senior Securities	8
Item 4.	Mine Safety Disclosures	8
Item 5.	Other Information	8
Item 6.	Exhibits	9
	SIGNATURES	10

PART I

ITEM 1. FINANCIAL STATEMENTS

The accompanying unaudited financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions for Form 10-Q and Article 210 8-03 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation have been included. All such adjustments are of a normal recurring nature. Operating results for the ~~nine~~six month periods ended ~~October~~July 31, ~~2013~~2014, are not necessarily indicative of the results that may be expected for the fiscal year ending January 31, ~~2014~~2015. For further information refer to the financial statements and footnotes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended January 31, ~~2013~~2014.

	Page
Balance Sheets	F-1
Statements of Operations	F-2
Statements of Cash Flows	F-3
Notes to Unaudited Financial Statements	F-4 to F-8

Table of Contents

	Page

Balance Sheets	F-1

Statements of Operations	F-2

Statements of Cash Flows	F-3

Notes to Unaudited Financial Statements	F-4 to F-

~~GLOBAL~~Table ~~RESOURCE~~of ~~ENERGY~~Contents ~~INC.~~2

(AGLOBAL ~~Development~~FORCE, ~~Stage Company)~~INC.

~~BALANCE~~(Formerly: ~~SHEETS~~Global Resource Energy, Inc.)

	October 31, 2013 (Unaudited)			January 31, 2013 (Audited)
Assets
Current Assets
Cash	$	-		$	-
Prepaid expenses		1,415			1,415
Total current assets		1,415			1,415
Advance payment to purchase CER’s (Note 5)		660,000			660,000
Total Assets	$	661,415		$	661,415
Liabilities and Stockholders’ Equity
Current Liabilities
Accounts payable	$	242,928		$	242,762
Accounts payable, related party		11,683			11,683
Advances payable		69,365			47,591
Total Current Liabilities		323,976			302,036
Total Liabilities		323,976			302,036
Stockholders’ Equity (Deficit)
Common stock, $0.001 par value, 250,000,000 authorized,
and 74,170,997 shares issued and outstanding		74,171			74,171
Additional paid-in-capital		961,329			961,329
Deficit accumulated during the development stage		(698,061	)		(676,121	)
Total stockholders’ equity		337,439			359,379
Total liabilities and stockholders’ equity	$	661,415		$	661,415

BALANCE SHEETS

The accompanying notes are an integral part of these financial statements

	July 31, 2014 (Unaudited)			January 31, 2014 (Audited)

Assets
Current Assets
Prepaid expenses	$	—		$	1,415
Total current assets		—			1,415

Total Assets	$	—		$	1,415

Liabilities and Stockholders’ Equity

Current Liabilities
Accounts payable	$	254,034		$	236,408
Accounts payable, related party		11,403			11,683
Advances payable		102,742			78,565
Total Current Liabilities		368,179			326,656

Total Liabilities		368,179			326,656

Stockholders’ Equity (Deficit)

Common stock, $0.001 par value, 250,000,000 authorized, and 74,170,997 shares issued and outstanding		74,171			74,171
Additional paid-in-capital		961,329			961,329
Deficit accumulated		(1,403,679	)		(1,360,741	)
Total stockholders’ equity		(368,179	)		(325,241	)
Total liabilities and stockholders’ equity	$	—		$	1,415

~~F-1~~The accompanying notes are an integral part of these financial statements

~~GLOBAL~~Table ~~RESOURCE~~of ~~ENERGY~~Contents ~~INC.~~3

(AGLOBAL ~~Development~~FORCE, ~~Stage Company)~~INC.

~~STATEMENTS~~(Formerly: OFGlobal ~~OPERATIONS~~Resource Energy, Inc.)

(Unaudited)

													From Date of
													Inception
	Three Month Period						Nine Month Period Ended						(November 6, 2008)
	October 31,						October 31,						To
	2013			2012			2013			2012			October 31, 2013
Revenues	$	-		$	-		$	-		$	-		$	-
Expenses
General and administrative expenses		2,107			3,010			7,817			17,087			241,055
Amortization		-			62,500			-			187,500			187,500
Professional fees		3,531			3,188			14,123			26,706			148,576
Management fees		-			-			-			-			130,000
Net (loss) from Operations before Taxes		(5,638	)		(68,698	)		(21,940	)		(231,293	)		(707,131	)
Debts forgiven		-			-			-			-			9,070
Provision for Income Taxes		-			-			-			-			-
Net (loss)	$	(5,638	)	$	(68,698	)	$	(21,940	)	$	(231,293	)	$	(698,061	)
(Loss) per common share – Basic and diluted	$	(0.00	)	$	(0.00	)	$	(0.00	)	$	(0.00	)
Weighted Average Number of Common Shares Outstanding		74,170,997			71,170,997			74,170,997			62,083,407

STATEMENTS OF OPERATIONS

The accompanying notes are an integral part of these financial statements

	Three Month Ended						Six Month Ended
	July 31,						July 31,
	2014			2013			2014			2013

Revenues	$	—		$	—		$	—		$	—
Expenses
General and administrative expenses		5,209			5,586			9,232			5,710
Professional fees		14,701			9,831			33,706			10,592
Net (loss) from Operations before Taxes		(19,910	)		(15,417	)		(42,938	)		(16,302	)
Provision for Income Taxes		—			—			—			—
Net (loss)	$	(19,910	)	$	(15,417	)	$	(42,938	)	$	(16,302	)
(Loss) per common share – Basic and diluted	$	(0.00	)	$	(0.00	)	$	(0.00	)	$	(0.00	)
Weighted Average Number of Common Shares Outstanding		74,170,997			74,170,997			74,170,997			74,170,997

~~F-2~~The accompanying notes are an integral part of these financial statements

~~GLOBAL~~Table ~~RESOURCE~~of ~~ENERGY~~Contents ~~INC.~~4

(A GLOBAL ~~Development~~FORCE, ~~Stage Company)~~INC.

~~STATEMENTS~~(Formerly: OFGlobal ~~CASH~~Resource ~~FLOWS~~Energy, Inc.)

(Unaudited)

							From
							Inception on
	Nine Month Ended			Nine Month Ended			November 6, 2008
	October 31,			October 31			To October 31,
	2013			2012			2013
Operating Activities
Net (loss)	$	(21,940	)	$	(231,293	)	$	(698,061	)
Adjustment to reconcile net loss to cash used by operations:
Stock based compensation, management services		-			-			130,000
Amortization		-			187,500			187,500
Prepaid expenses		-			2,022			(1,415	)
Accounts payable related party		-			-			11,683
Accounts payable		166			19,213			272,928
Net cash (used) for operating activities		(21,774	)		(22,558	)		(97,365	)
Financing Activities
Advances payable		21,774			22,558			69,365
Sale of common stock		-			-			28,000
Net cash provided by financing activities		21,774			22,558			97,365
Net increase (decrease) in cash and equivalents		-			-			-
Cash and equivalents at beginning of the period		-			-			-
Cash and equivalents at end of the period	$	-		$	-		$	-
Supplemental disclosure of cash flow information and non-cash activities:
Cash paid for Interest	$	-		$	-		$	-
Cash paid for income taxes	$	-		$	-		$	-
Stock based compensation, management services	$	-		$	-		$	130,000
Shares issued to purchase intangible assets		-			-			187,500
Shares issued for settlement of accounts payable		-			30,000			30,000
Shares issued for advance payment to purchase CERs		-			-			660,000
	$	-		$	30,000		$	1,007,500

STATEMENTS OF CASH FLOWS

The accompanying notes are an integral part of these financial statements

	Six Month Ended			Six Month Ended
	July 31,			July 31,
	2014			2013

Operating Activities
Net (loss)	$	(42,938	)	$	(16,302	)
Adjustment to reconcile net loss to cash used by operations:
Impairment of the advance payment for CER’s
Stock based compensation, management services		—			—
Amortization		—			—
Prepaid expenses		1,415			—
Accounts payable related party		(280	)		—
Accounts payable		17,626			(490	)
Net cash (used) for operating activities		(24,177	)		(16,792	)

Financing Activities
Advances payable		24,177			16,792
Sale of common stock		—			—
Net cash provided by financing activities		24,177			16,792

Net increase (decrease) in cash and equivalents		—			—
Cash and equivalents at beginning of the period		—			—
Cash and equivalents at end of the period	$	—		$	—

Supplemental disclosure of cash flow information and non-cash activities:
Cash paid for interest	$	—		$	—
Cash paid for income taxes		—			—
	$	—		$	—

~~F-3~~The accompanying notes are an integral part of these financial statements

~~GLOBAL~~Table ~~RESOURCE~~of ~~ENERGY~~Contents ~~INC.~~5

(AGLOBAL ~~Development~~FORCE, ~~Stage Company)~~INC.

~~NOTES~~(Formerly: TOGlobal ~~THE~~Resource ~~FINANCIAL~~Energy, ~~STATEMENTS~~Inc.)

~~October~~NOTES ~~31,~~TO ~~2013~~THE UNAUDITED FINANCIAL STATEMENTS

1.July ~~ORGANIZATION~~31, ~~AND BUSINESS OPERATIONS~~2014

~~Aura Bio Corp~~1., ~~now~~ORGANIZATION ~~known~~AND asBUSINESS Global Resource Energy Inc., a corporation organized on November 6, 2008 under the laws of the State of Nevada (the “Company”) filed an amendment to its Articles of Incorporation (the “Amendment”) to change its name from Aura Bio Corp. to Global Resource Energy Inc. on November 16, 2010. The change in name to Global Resource Energy Inc. was effected December 10, 2010 on the Over-the-Counter Bulletin Board marketplace upon clearance by FINRA. The new trading symbol for the shares of common stock of the Company trading on the Over-the-Counter Bulletin Board has been changed to “GBEN”.OPERATIONS

~~The~~Global ~~amendment~~Force, ~~and~~Inc. ~~change~~(formerly ~~in corporate name to~~ Global Resource Energy, Inc., ~~(the~~and ~~“Amendment”)~~Aura ~~was~~Bio ~~approved by the Board of Directors by a unanimous written consent resolution dated November 9, 2010~~Corp.) ~~The Amendment~~ was ~~subsequently~~incorporated ~~approved~~in ~~by certain shareholders of~~ the ~~Company~~State ~~holding a majority~~ of ~~the~~Nevada, ~~total~~United ~~issued~~States ~~and outstanding shares~~ of ~~common~~America ~~stock~~on ~~of the Company by written consent resolutions dated~~ November 96, ~~2010~~2008. ~~The change in corporate name was undertaken to better reflect the Company’s future business operations.~~

The amendment ~~Amendment~~and ~~filed~~change ~~with~~in ~~the~~corporate ~~Nevada~~name ~~Secretary~~from ofAura ~~State~~Bio ~~also~~Corp. ~~increased~~to ~~the~~Global ~~Company’s~~Resource ~~authorized~~Energy ~~capital~~Inc. ~~from~~(the ~~75,000,000~~“Amendment”) ~~shares~~was approved by the Board of ~~common~~Directors ~~stock,~~by ~~par~~a ~~value~~unanimous written consent resolution dated November 9, $02010.~~001,~~ The change in name to ~~250~~Global Resource Energy Inc. was effected December 10,~~000,000~~ 2010 on the Over-the-Counter Bulletin Board marketplace upon clearance by FINRA. The new trading symbol for the shares of common stock, ~~par~~of ~~value~~the $0Company trading on the Over-the-Counter Bulletin Board has been changed to “GBEN”.~~001.~~

OnThe Amendment ~~November~~was 9,subsequently ~~2010,~~approved ~~the~~by ~~Board~~certain ofshareholders ~~Directors~~ of the Company ~~also~~holding ~~authorized and approved~~ a ~~forward~~majority ~~stock split~~ of the ~~Company’s~~ total issued and outstanding shares of common stock onof the ~~basis~~Company ofby ~~three~~written ~~for~~consent ~~one~~resolutions ~~(3:1)~~dated ~~(the~~November ~~“Forward~~9, ~~Stock Split”)~~2010. The ~~Forward~~change ~~Stock~~in ~~Split~~corporate name was undertaken ~~effectuated~~to ~~based~~better onreflect ~~market conditions and upon a determination by~~ the ~~Board of Directors that the Forward Stock Split was in the Corporation~~Company’s ~~best~~future ~~interests~~business ~~and those of its shareholders~~operations.

The ~~Forward~~Amendment ~~Stock~~filed ~~Split~~with ~~was effectuated on December 10, 2010 based upon~~ the ~~filing~~Nevada ~~with and acceptance by FINRA~~ Secretary of ~~the~~State ~~appropriate~~also ~~documentation. The Forward Stock Split~~ increased the ~~Corporation~~Company’s ~~total~~authorized ~~issued~~capital ~~and~~from ~~outstanding~~75,000,000 shares ~~from~~of 27common stock,~~000~~ par value,~~000~~ $0.001, to 81250,000,000 shares of common stock., ~~The~~par ~~common~~value ~~stock will continue to be~~ $0.001 ~~par value~~.

On ~~April~~November 259, ~~2011~~2010, the ~~Company~~Board ~~received~~of aDirectors of ~~resignation~~the ~~notice~~Company ~~from~~also ~~Harry~~authorized ~~Lappa~~and asapproved ~~President~~a ~~and~~forward ~~Chief~~stock ~~Executive~~split ~~Officer~~ of the Company.’s Ontotal ~~the~~issued ~~same day, the Company appointed Douglas Roe as its new President~~ and ~~Chief~~outstanding ~~Executive~~shares ~~Officer.~~of common ~~Concurrent~~stock ~~with~~on the ~~appointment~~basis of ~~Mr.~~three ~~Roe, he received a $90,000 signing bonus~~ for ~~acting~~one as(3:1) ~~President~~(the ~~and~~“Forward ~~Chief~~Stock ~~Executive Officer~~Split”). The ~~signing~~Forward ~~bonus~~Stock Split was ~~paid~~effectuated based toon ~~Mr.~~market ~~Roe~~conditions byand ~~the~~upon ~~issuance~~a ofdetermination 90by ~~million shares (pre-reverse-split) of~~ the ~~Company.~~Board ~~This issuance resulted in a change~~ of ~~control~~Directors ofthat the ~~Company,~~Forward ~~Mr.~~Stock ~~Roe~~Split ~~having~~was ~~voting~~in ~~control over 52.6% of~~ the ~~Company~~Corporation’s best ~~issued~~interests and ~~outstanding~~those ~~shares~~ of ~~common~~its ~~stock~~shareholders.

OnThe ~~April~~Forward ~~26,~~Stock ~~2011,~~Split ~~the~~was ~~Company~~effectuated on ~~filed~~December a10, ~~Certificate~~2010 ofbased ~~Amendment~~upon ~~with~~ the ~~Secretary~~filing ~~of State of Nevada,~~ with ~~the~~and ~~effective~~acceptance ~~date~~by FINRA of ~~May~~the 2,appropriate ~~2011,~~documentation. ~~effecting~~The aForward ~~for~~Stock ~~1,000~~Split increased ~~reverse-split of~~ the ~~Company~~Corporation’s total issued and outstanding ~~common~~ shares. ~~The~~from ~~reverse Split was approved by FINRA on July~~ 27, ~~2011~~000,000 ~~and~~to ~~has~~81,000,000 ~~been~~shares ~~retroactively~~of ~~impacted~~common tostock. ~~all~~The common ~~shares~~stock ~~and~~will ~~per~~continue ~~share~~to ~~figures~~be in$0.001 ~~these~~par ~~financial statements~~value.

On ~~November~~April 1225, ~~2012~~2011, the Company ~~entered~~received a ~~into~~resignation anotice ~~Certified~~from ~~Emission~~Harry ~~Reductions~~Lappa ~~(“CER”)~~as ~~Pre-sale~~President and ~~Purchase~~Chief ~~Agreement~~Executive ~~(“CERSPA”)~~Officer ~~with~~of ~~Bluforest,~~the ~~Inc~~Company. ~~(“Bluforest”).~~On ~~Under~~ the ~~agreement~~same day, wethe ~~pre-purchased~~Company ~~66,000~~appointed Douglas ~~CERs~~Roe ~~from~~as ~~Bluforest~~its new President and Chief Executive Officer. ~~The~~Concurrent ~~total~~with ~~purchase~~the ~~price~~appointment of Mr. Roe, he received a $~~660~~90,000 signing bonus for acting as President and Chief Executive Officer. The signing bonus was paid into Mr. Roe by the ~~form~~issuance of 390 million shares (pre-reverse-split) of the Company. This issuance resulted in a change of control of the Company,~~000,000~~ ~~restricted~~Mr. ~~shares~~Roe having voting control over 52.6% of the Company’s issued and outstanding shares of common stock.

On ~~March~~April 126, ~~2013~~2011, the ~~Board~~Company filed a Certificate of ~~Directors~~Amendment ~~accepted~~with the ~~resignation~~Secretary of ~~Robert~~State ~~Alan~~of ~~Baker~~Nevada, aswith the ~~President/Chief~~effective ~~Executive~~date ~~Officer~~of May 2, ~~Secretary~~2011, ~~Treasurer~~effecting ~~and~~a ~~the~~for ~~sole~~1,000 reverse-split ~~member~~ of the ~~Board~~Company’s ofissued ~~Directors~~and ofoutstanding ~~the~~common ~~Company~~shares. ~~Simultaneously,~~The ~~Mr.~~reverse ~~Roland~~Split ~~Hutzler~~ was ~~appointed~~approved ~~the~~by ~~sole~~FINRA ~~member~~on ofJuly ~~the~~27, 2011, ~~Board~~and ofhas ~~Directors~~been ~~and~~retroactively asimpacted ~~the~~to ~~President/Chief~~all ~~Executive~~shares ~~Officer,~~and ~~Secretary~~per ~~and~~share ~~Treasurer~~figures ofin ~~the~~these ~~Company~~financial statements.

FOn November 12, 2012, the Company entered into a Certified Emission Reductions (“CER”) Pre-4sale and Purchase Agreement (“CERSPA”) with Bluforest, Inc. (“Bluforest”). Under the agreement, we pre-purchased 66,000 CERs from Bluforest. The total purchase price of $660,000 was paid in the form of 3,000,000 restricted shares of the Company’s common stock.

~~GLOBAL~~On ~~RESOURCE~~March ~~ENERGY~~1, ~~INC~~2013 the Board of Directors accepted the resignation of Robert Alan Baker as the President/Chief Executive Officer, Secretary, Treasurer and the sole member of the Board of Directors of the Company. Simultaneously, Mr. Roland Hutzler was appointed the sole member of the Board of Directors and as the President/Chief Executive Officer, Secretary and Treasurer of the Company.

(ATable ~~Development~~of ~~Stage~~Contents ~~Company)~~6

~~NOTES~~GLOBAL TOFORCE, ~~THE FINANCIAL STATEMENTS~~INC.

~~October~~(Formerly: 31Global Resource Energy, ~~2013~~Inc.)

1.NOTES ~~ORGANIZATION~~TO ~~AND~~THE ~~BUSINESS~~UNAUDITED ~~OPERATIONS~~FINANCIAL ~~(continued)~~STATEMENTS

~~The~~July Company is in the development stage as defined under Statement on Financial Accounting Standards Accounting Standards Codification FASB ASC 915-205 "Development-Stage Entities.” The Company has not generated any revenue to date and consequently its operations are subject to all risks inherent in the establishment of a new business enterprise. For the period from inception, November 6, 2008 through the nine month period ended October 31, ~~2013 the Company has accumulated losses of $698,061.~~2014

21. ~~SUMMARY~~ORGANIZATION OFAND ~~SIGNIFICANT~~BUSINESS ~~ACCOUNTING~~OPERATIONS ~~POLICIES~~(continued)

On March 7, 2014, Ray Kim purchased 40 million shares of the Company’s issued and outstanding shares from Robert Baker, the Company’s former controlling shareholder, which represented the controlling interest in the Company. As a~~) Basis~~ result, Mr. Roland Hutzler the Company’s sole officer and director submitted his resignation, and Ray Kim became the Company’s President and a member of ~~Presentation~~the Board of Directors and his brother John was named as Secretary, Treasurer and a member of the Board. On March 12, 2014, the Company’s board resolved to conduct a 1,000:1 reverse stock split and change the company’s name to Global Force, Inc. These resolutions were made on the basis of a pending transaction, whereby the Company would complete a share exchange with Mr. Kim’s company, Global Force, a Colorado limited liability company. This transaction was contingent on the Company completing the reverse split and name change.

~~The~~In ~~financial~~order ~~statements~~to ofeffect the ~~Company~~name ~~have~~change, ~~been~~the ~~prepared~~Company informed ~~accordance~~a subsidiary with ~~generally~~the ~~accepted~~name ~~accounting~~Global ~~principles~~Force, inInc. and then merged that subsidiary into the ~~United~~Company ~~States~~with ofthe ~~America~~Company being the surviving entity and ~~are~~adopting ~~presented~~the inname USGlobal ~~dollars~~Force, Inc.

~~b) Going~~Due ~~Concern~~to Mr. Kim’s prior regulatory issues, FINRA would not allow the Company to complete the reverse split and name change with Mr. Kim as the sole officer and director and controlling shareholder. As a result, on April 23, 2014, Ray Kim and John Kim were replaced as officers and directors of the Company by their brothers, Dean Kim and Edward Kim. Following this change in the board, FINRA refused to approve the reverse split and name change due to the fact that Ray Kim remained the controlling shareholder of the Company. As a result, on or about October 14, 2014, Mr. Kim sold his controlling shares in the Company to Phil Plumley, who became the sole officer and director of the Company.

~~The~~On October ~~financial~~23, ~~statements have been prepared on a going concern basis~~2014, ~~which assumes~~ the Company ~~will~~filed bea ~~able~~Certificate ~~to realize its assets and discharge its liabilities in the normal course~~ of ~~business~~Correction ~~for~~with the ~~foreseeable~~Nevada ~~future.~~Secretary ~~The Company has incurred losses since inception resulting in an accumulated deficit~~ of ~~$698,061~~State asto ofchange ~~October~~name ~~31, 2013 and further losses are anticipated in the development~~ of ~~its business raising substantial doubt about~~ the Company’s back ~~ability~~ to ~~continue~~Global asResource aEnergy ~~going concern~~Inc. The ~~ability~~Company tohas ~~continue~~appointed asPacific aStock ~~going~~Transfer ~~concern is dependent upon the~~ Company ~~generating~~as ~~profitable operations in the future and/or to obtain the necessary financing to meet~~ its ~~obligations~~transfer ~~and~~agent ~~repay its liabilities arising from normal business operations when they come due. Management will be required to raise additional capital to fund its current~~ and ~~future operations, and there~~ is nomoving forward ~~guarantee~~with ~~said~~the ~~capital~~reverse ~~will be available as required~~split.

~~c) Cash~~2. ~~and~~SUMMARY ~~Cash~~OF ~~Equivalents~~SIGNIFICANT ACCOUNTING POLICIES

~~The Company considers all highly liquid instruments with~~ a) Basis ~~maturity~~ of ~~three months or less at the time of issuance to be cash equivalents.~~Presentation

~~d) Use~~The financial statements of ~~Estimates~~the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and ~~Assumptions~~are presented in US dollars.

~~The~~b) Going preparation of financial statements in conformity with accounting principles generally accepted in the United States 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 could differ from those estimates.Concern

~~e) Foreign~~The ~~Currency~~financial ~~Translation~~statements have been prepared on a going concern basis, which assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. The Company has incurred losses since inception resulting in an accumulated deficit of $1,403,679 as of July 31, 2014 and further losses are anticipated in the development of its business raising substantial doubt about the Company’s ability to continue as a going concern. The ability to continue as a going concern is dependent upon the Company generating profitable operations in the future and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management will be required to raise additional capital to fund its current and future operations, and there is no guarantee said capital will be available as required.

~~The~~Table ~~Company's~~of ~~functional~~Contents ~~currency and its reporting currency is the United States dollar.~~7

~~f) Financial~~GLOBAL ~~Instruments~~FORCE, INC.

~~The~~(Formerly: ~~carrying~~Global ~~value~~Resource ofEnergy, ~~the Company’s financial instruments approximates their fair value because of the short maturity of these instruments~~Inc.)

~~g) Identified~~NOTES ~~intangible~~TO ~~assets~~THE UNAUDITED FINANCIAL STATEMENTS

~~Identified~~July ~~intangible~~31, assets with identifiable useful lives are generally amortized on a straight-line basis over the periods of benefit in accordance with ASC 350 (formerly SFAS No.142). We amortize all acquisition-related intangible assets that are subject to amortization over the estimated useful life based on economic benefit.2014

~~F-5~~2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES – (continued)

~~GLOBAL~~c) ~~RESOURCE~~Cash ~~ENERGY~~and ~~INC.~~Cash Equivalents

(AThe ~~Development~~Company ~~Stage~~considers ~~Company)~~all highly liquid instruments with a maturity of three months or less at the time of issuance to be cash equivalents.

~~NOTES~~d) TOUse ~~THE~~of ~~FINANCIAL~~Estimates ~~STATEMENTS~~and Assumptions

~~October~~The ~~31,~~preparation ~~2013~~of financial statements in conformity with accounting principles generally accepted in the United States 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 could differ from those estimates.

2.e) ~~SUMMARY~~Foreign OFCurrency ~~SIGNIFICANT ACCOUNTING POLICIES – (continued)~~Translation

~~h) Stock-based~~The ~~Compensation~~Company's functional currency and its reporting currency is the United States dollar.

Stock-based compensation is accounted for using the Equity-Based Payments to Non-Employees Topic of the FASB ASC 718, which establishes standards for the accounting for transactions in which an entity exchanges its equity instruments for goods or services. It also addresses transactions in which an entity incurs liabilities in exchange for goods or services that are based on the fair value of the entity’s equity instruments or that may be settled by the issuance of those equity instruments. The Company determines the value of stock issued at the date of grant. It also determines at the date of grant, the value of stock at fair market value or the value of services rendered (based on contract or otherwisef) ~~whichever~~Financial ~~is more readily determinable. To date, the Company has not adopted a stock option plan and has not granted any stock options.~~Instruments

~~i) Income~~The ~~Taxes~~carrying value of financial instruments including cash and cash equivalents, receivables, prepaid expenses, accounts payable and accrued expenses, approximates their fair value due to the relatively short-term nature of these instruments.

~~Income~~g) ~~taxes~~Identified ~~are~~intangible ~~accounted for under the~~ assets and liability method. Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using enacted tax rates in effect for the year in which those temporary differences are expected to be recovered or settled.

jIdentified intangible assets with identifiable useful lives are generally amortized on a straight-line basis over the periods of benefit in accordance with ASC 350 (formerly SFAS No.142) ~~Basic~~. ~~and~~We ~~Diluted~~amortize ~~Net~~all ~~Loss~~acquisition-related ~~per~~intangible ~~Share~~assets that are subject to amortization over the estimated useful life based on economic benefit.

The Company computes loss per share in accordance with ASC 260, “Earnings per Share” which requires presentation of both basic and diluted earnings per share on the face of the statement of operations. Basic loss per share is computed by dividing net loss available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted loss per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive loss per share excludes all potential common shares if their effect is antih) Stock-~~dilutive.~~based Compensation

kStock-based compensation is accounted for using the Equity-Based Payments to Non-Employees Topic of the FASB ASC 718, which establishes standards for the accounting for transactions in which an entity exchanges its equity instruments for goods or services. It also addresses transactions in which an entity incurs liabilities in exchange for goods or services that are based on the fair value of the entity’s equity instruments or that may be settled by the issuance of those equity instruments. The Company determines the value of stock issued at the date of grant. It also determines at the date of grant, the value of stock at fair market value or the value of services rendered (based on contract or otherwise) ~~Fiscal~~ ~~Periods~~whichever is more readily determinable. To date, the Company has not adopted a stock option plan and has not granted any stock options.

~~The~~i) Income ~~Company's fiscal year end is January 31.~~Taxes

3Income taxes are accounted for under the assets and liability method. ~~IDENTIFIED~~Deferred ~~INTANGIBLE~~tax ~~ASSETS~~assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using enacted tax rates in effect for the year in which those temporary differences are expected to be recovered or settled.

~~On January 26, 2012, the Company entered into an assignment agreement whereby Patedma Group Corp. (“Patedma”~~j) Basic assigned its distributor agreement with Dongguan City Cled Optoelectonic Co. Ltd. for the distribution of LED Street Lights, Solar LED Street Lights, LED Tunnel Lights, LED Flood Lights, LED High Bay Lights, LED High Mask Lights, LED Garden Lights, Light Sourcing and ~~all~~Diluted ~~Indoor~~Net ~~Lighting~~Loss sold and exported by Supplier with their trademark CLED. Under the terms of the assignment, the Company issued 1,000,000 shares to Patedma. The value of the assets is $187,500 based on the fair market value of the shares on the issuance date. The agreement shall be terminated on October 31, 2012 with the option to renew for a further period of 12 months subject to the consent.per Share

AsThe aCompany ~~result~~computes ofloss ~~the~~per ~~aforementioned~~share ~~agreement,~~in weaccordance ~~capitalized~~with ~~$187~~ASC 260,~~500~~ “Earnings asper ~~identified~~Share” ~~intangible~~which ~~assets~~requires ~~with~~presentation aof ~~life~~both ofbasic ~~nine~~and ~~months,~~diluted earnings per share on the ~~term~~face of the ~~existing~~statement of ~~distributorship~~operations. ~~agreement,~~Basic ~~which~~loss ~~amount~~per share is ~~subject~~computed by dividing net loss available to ~~amortization~~common onshareholders aby ~~monthly~~the ~~basis~~weighted ~~over~~average number of outstanding common shares during the ~~term~~period. Diluted loss per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive.

~~During~~Table ~~the fiscal year ended January 31, 2013, the Company fully amortized the capitalized value~~ of ~~the~~Contents ~~intangible assets totaling $187,500.~~8

	October 31, 2013			January 31, 2013
Cost	$	-		187,500
Less accumulated amortization		-		(187,500
	$	-	$	-

GLOBAL FORCE, INC.

~~F-6~~(Formerly: Global Resource Energy, Inc.)

~~GLOBAL~~NOTES ~~RESOURCE~~TO ~~ENERGY~~THE ~~INC.~~UNAUDITED FINANCIAL STATEMENTS

(AJuly ~~Development~~31, ~~Stage Company)~~2014

~~NOTES~~2. TOSUMMARY ~~THE~~OF ~~FINANCIAL~~SIGNIFICANT ~~STATEMENTS~~ACCOUNTING POLICIES – (continued)

~~October~~k) Fiscal ~~31, 2013~~Periods

3.The ~~IDENTIFIED~~Company's ~~INTANGIBLE~~fiscal ~~ASSETS~~year –end ~~(continued)~~is January 31.

Onl) ~~November~~Recent 1,Accounting ~~2012, the parties to the Distribution Agreement agreed to exercise the option and extend the term of the agreement for a further year, with a new termination date of October 31, 2013.~~Pronouncements

On ~~November~~June 810, ~~2012~~2014, ~~the~~The ~~Company~~Financial ~~negotiated~~Accounting anStandards ~~extension~~Board (“FASB”) onissued ~~its~~Accounting ~~licensing~~Standards ~~agreement~~Update ~~with~~No. ~~Patedma~~2014-10, Development toStage ~~extend~~Entities ~~the~~(Topic ~~exclusive~~915): Elimination of ~~distribution~~Certain ~~agreement~~Financial ofReporting ~~LED~~Requirements, ~~street~~Including ~~lighting~~an ~~for~~Amendment ato ~~further~~Variable ~~year~~Interest toEntities ~~expire~~Guidance ~~November~~in Topic 810, ~~2013~~consolidation, which removes orall asincremental atfinancial ~~October~~reporting 31requirements from GAAP for development stage entities, ~~2013~~including ~~when~~the removal of Topic 915 from the ~~Distribution~~FASB ~~Agreement~~Accounting ~~expires~~Standards Codification. ~~This~~For ~~extension~~the ~~will~~first ~~allow~~annual period beginning after December 15, 2014, the ~~Company~~presentation and todisclosure ~~sell~~requirements ~~under~~in ~~Patedma’s~~Topic ~~license~~915 ~~agreement~~will ~~should~~no ~~funding~~longer be ~~available~~required tofor ~~enter~~ the ~~LED~~public ~~street~~business ~~light~~entities. ~~industry~~The revised consolidation standards are effective one year later, in annual periods beginning after December 15, 2015. Early adoption is permitted. The Company has adopted the amendment.

OnThere ~~August~~are ~~14,~~several ~~2012,~~new ~~the~~accounting ~~Company~~pronouncements issued ~~announced~~by ~~further~~the ~~expansion~~Financial ~~into~~Accounting ~~clean~~Standards ~~energy~~Board by(“FASB”) ~~signing~~which aare ~~Letter~~not ofyet ~~Intent~~effective. toEach ~~sell 49%~~ of ~~its~~these ~~exclusive~~pronouncements, as ~~North~~applicable, ~~American~~has ~~Distribution~~been ofor ~~CLED~~will ~~Street~~be ~~Lights~~adopted ~~Rights~~by tothe ~~Balon Bleu Holdings LLC~~Company. ~~This~~As ~~Letter~~ of ~~Intent~~July ~~for~~31, a2014, ~~49%~~none ~~purchase~~ of ~~the~~these ~~Company's~~pronouncements ~~Exclusive~~is ~~North~~expected ~~American~~to ~~Rights~~have a ofmaterial ~~the~~effect ~~CLED~~on ~~Street~~the ~~Lights~~financial ~~will~~position, ~~provide~~results ~~capital~~of ~~and~~operations ~~additional~~or ~~resources~~cash ~~for~~flows ~~the~~of ~~Company's entry into~~ the ~~North American Market with CLED Street lights~~Company.

Under the terms of the agreement Balon Bleu Holdings, a Nevada LLC, will pay an immediate deposit of $50,000 to the Company and $50,000 every month over the next five months for a total of $300,000 USD to earn a 49% assignment of interest for the North American Rights to the highly efficient CLED Street Lighting system3. No ~~payment~~IDENTIFIED ~~has~~INTANGIBLE ~~yet been received as at October 31, 2013, and Balon Bleu Holdings is considered to have defaulted on the agreement.~~ASSETS

4On January 26, 2012, the Company entered into an assignment agreement whereby Patedma Group Corp. ~~COMMON~~(“Patedma”) ~~STOCK~~assigned its distributor agreement with Dongguan City Cled Optoelectonic Co. Ltd. for the distribution of LED Street Lights, Solar LED Street Lights, LED Tunnel Lights, LED Flood Lights, LED High Bay Lights, LED High Mask Lights, LED Garden Lights, Light Sourcing and all Indoor Lighting sold and exported by Supplier with their trademark CLED. Under the terms of the assignment, the Company issued 1,000,000 shares to Patedma. The value of the assets is $187,500 based on the fair market value of the shares on the issuance date. The Company amortized the value over a period of one year, so that a total of $187,000 had been fully amortized as of January 31, 2013. The agreement orignally terminated on October 31, 2012 and was subsequently extended for a period of one year on mutual consent. A further verbal extension was granted in November 2013, extending the license thereafter for a period of six months, to April 30, 2014.

The ~~authorized~~Company’s ~~capital~~rights ofto the ~~Company~~LED istechnology expired ~~250,000,000~~on ~~common~~April ~~shares~~30, ~~with a par value of $ 0~~2014.~~001 per share.~~

As4. atCOMMON ~~October 31, 2013, we had a total of 74,170,997 shares issued and outstanding.~~STOCK

5The authorized capital of the Company is 250,000,000 common shares with a par value of $ 0.001 ~~ADVANCE~~per ~~PAYMENT~~share.

OnAs ~~November~~at ~~12,~~July ~~2012~~31, ~~the Company entered into a Certified Emission Reductions (“CER”) Pre-sale and Purchase Agreement (“CERSPA”) with Bluforest~~2014, ~~Inc. (“Bluforest”). Under the agreement,~~ we ~~pre-purchased~~had ~~66,000~~a ~~CERs from Bluforest. The~~ total ~~purchase price~~ of ~~$660~~74,~~000 was paid in the form of 3~~170,~~000,000 restricted~~ 997 shares ofissued ~~the~~and ~~Company’s common stock~~outstanding. ~~We recorded the purchase of $660,000 as an advance payment on the balance sheets of the Company as of the transaction date.~~

6. ~~NEW~~ADVANCES ~~ACCOUNTING PRONOUNCEMENTS~~PAYABLE

~~ASU~~During ~~2011-08~~the six month period ended July 31, ~~Intangibles~~ –2014 ~~Goodwill~~the ~~and~~Company ~~Other~~received an ~~(Topic~~advance ~~350):~~of ~~Testing~~$24,177 ~~Goodwill~~from ~~for~~an ~~Impairment~~unrelated isthird ~~applicable~~party which amount was used to ~~fiscal~~settle ~~years~~certain ~~beginning~~outstanding ~~after~~accounts ~~December~~payable. 15A total of $102,742 ~~2011.~~has ~~Early~~been ~~application~~recorded isas ~~permitted.~~advances ~~The~~payable ~~Company~~on isthe ~~currently~~balance ~~assessing~~sheets of the ~~impact~~Company ~~this~~as ~~standard~~of ~~will~~July ~~have~~31, on2014 ~~its~~($78,565 ~~financial~~as ~~statements~~of January 31, 2014), which advances bear no interest and are due on demand.

~~The~~Table ~~Company does not expect the adoption~~ of ~~any~~Contents ~~other recent accounting pronouncements will have a material impact on its financial statements.~~9

7.GLOBAL ~~ADVANCES~~FORCE, ~~PAYABLE~~INC.

During the nine month period ended October 31, 2013 the Company received a further advance of $21,774 from an unrelated third party which amount was used to settle certain outstanding accounts payable, and as deposits to certain vendors for services to be provided subsequent to the current period. A total of $69,365 has been recorded as advance payable on the balance sheets of the Company as of October 31, 2013 (~~$47,591~~Formerly: asGlobal ofResource ~~January 31~~Energy, ~~2013), which advance bears no interest and is due on demand~~Inc.)

~~F-7~~NOTES TO THE UNAUDITED FINANCIAL STATEMENTS

~~GLOBAL~~July ~~RESOURCE~~31, ~~ENERGY INC.~~2014

(A7. ~~Development~~RELATED ~~Stage~~PARTY ~~Company)~~TRANSACTIONS

~~NOTES~~During TOthe ~~THE~~fiscal ~~FINANCIAL~~year ~~STATEMENTS~~ended January 31, 2013 Mr. Robert Alan Baker, the Company’s then sole officer, director and controlling shareholder advanced a total of $11,683 (CAD$11,938) to retire certain Company expenses in the normal course. These amounts are due on demand, bear no interest and are recorded as Accounts Payable, related party.

~~October~~On 31March 1, 2013 the Board of Directors accepted the resignation of Robert Alan Baker as the President/Chief Executive Officer, Secretary, Treasurer and the sole member of the Board of Directors of the Company. Mr. Baker continued to be the Company’s controlling shareholder.

8On March 7, 2014 Mr. ~~RELATED~~Baker ~~PARTY~~entered ~~TRANSACTIONS~~into Reorganization and Stock Purchase Agreement with Mr. Ray Kim whereunder Mr. Baker agreed to sell a total of 40,000,000 shares of the Company’s common stock, as well as amounts due and payable totaling $11,403 (CAD$11,938) to Mr. Kim for total cash consideration $40,000 payable by Mr. Kim. As a result of the aforementioned transaction Mr. Kim became the controlling shareholder of the Company. An amount totaling $11,403 remained payable to Mr. Kim as at July 31, 2014 and continues to be reflected as Accounts payable, related party. As a result, Mr. Roland Hutzler the Company’s sole officer and director submitted his resignation, and Ray Kim became the Company’s President and a member of the Board of Directors and his brother John was named as Secretary, Treasurer and a member of the Board.

~~During~~On ~~the~~April ~~fiscal~~23, ~~year~~2014 ~~ended~~Ray ~~January~~Kim ~~31,~~and ~~2013~~John ~~Mr.~~Kim ~~Robert~~resigned, concurrently ~~Alan~~appointing ~~Baker,~~their brothers to the Company’s ~~then~~Board ~~sole~~of ~~officer,~~Directors. ~~director~~Mr. ~~and~~Dean ~~controlling~~Kim ~~shareholder~~was ~~advanced~~appointed aas ~~total~~the ofCompany’s President ~~$11,683~~and toa ~~retire~~member ~~certain~~of ~~Company expenses in~~ the ~~normal~~Board ~~course~~and Mr. ~~These~~ ~~amounts~~Edward ~~are~~Kim ~~due~~was onappointed ~~demand,~~as ~~bear~~the noCompany’s ~~interest~~Secretary and ~~are~~Treasurer ~~recorded~~and asa ~~Accounts~~member of ~~Payable,~~the ~~Related party~~Board.

On March 1, 2013 the Board of Directors accepted the resignation of Robert Alan Baker as the President/Chief Executive Officer, Secretary, Treasurer and the sole member of the Board of Directors of the Company8. ~~Mr.~~ ~~Baker~~INCOME ~~continued to be the Company’s controlling shareholder.~~TAXES

9The provision for income taxes at July 31, 2014 was comprised of federal alternative minimum tax. ~~INCOME~~Significant ~~TAXES~~components of deferred tax assets include net operating loss carry forwards and stock-based compensation. Due to the uncertainty of their realization, we have not recorded any income tax benefit as we have established valuation allowances for any such benefits.

~~The provision for income taxes at October 31, 2013 was comprised of federal alternative minimum tax~~9. ~~Significant~~SUBSEQUENT components of deferred tax assets include net operating loss carry forwards and stock-based compensation. Due to the uncertainty of their realization, we have not recorded any income tax benefit as we have established valuation allowances for any such benefits.EVENTS

10 Subsequent to the period ended July 31, 2014, as a result of M. ~~SUBSEQUENT~~Ray ~~EVENTS~~Kim’s prior regulatory issues, FINRA would not allow the Company to complete the reverse split and name change, and the share exchange agreement as contemplated in Note 1 herein, was unable to be concluded. As a result, on or about October 14, 2014, Mr. Kim sold his controlling shares in the Company to Phil Plumley, who became the sole officer and director of the Company.

WeOn ~~have~~October ~~evaluated~~23, ~~subsequent~~2014, ~~events~~the ~~through~~Company ~~December~~filed 5,a ~~2013.~~Certificate of ~~Other~~Correction ~~than~~with ~~those~~the ~~set~~Nevada ~~out~~Secretary ~~above,~~of ~~there~~State ~~have~~to ~~been~~change noname ~~subsequent~~of ~~events~~the ~~for~~Company ~~which~~back ~~disclosure~~to isGlobal ~~required~~Resource ~~which~~Energy ~~are~~Inc. ~~not~~The ~~previously~~Company has ~~disclosed~~appointed ~~herein~~Pacific Stock Transfer Company as its transfer agent and is moving forward with the reverse split.

~~F-8~~We have evaluated subsequent events through November 12, 2014. Other than those set out above, there have been no subsequent events for which disclosure is required which are not previously disclosed herein.

~~ITEM~~Table ~~2. MANAGEMENT’S~~of ~~DISCUSSION~~Contents ~~AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS~~10

~~Forward~~ITEM ~~Looking~~2. ~~Statements~~MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.

~~This current report contains forward~~Forward-~~looking~~Looking statements relating to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "intends", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential", or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors which may cause our or our industry's actual results, levels of activity or performance to be materially different from any future results, levels of activity or performance expressed or implied by these forward-looking statements.Statements

~~Although~~This wesection ~~believe~~of ~~that~~this ~~the~~quarterly ~~expectations~~report ~~reflected~~includes ina ~~the~~number of forward-looking statements ~~are~~that ~~reasonable,~~reflect weour ~~cannot~~current ~~guarantee~~views ~~future~~with ~~results,~~respect ~~levels~~to offuture ~~activity~~events orand financial performance. ~~You~~ ~~should~~Forward-looking statements ~~not~~are ~~place~~often ~~undue~~identified ~~reliance~~by onwords ~~these~~like: ~~statements~~believe, ~~which~~expect, ~~speak~~estimate, ~~only~~anticipate, asintend, ofproject ~~the~~and ~~date~~similar ~~that~~expressions, or ~~they~~words ~~were~~which, ~~made. These~~by ~~cautionary~~their ~~statements~~nature, ~~should~~refer beto ~~considered~~future ~~with~~events. ~~any~~You ~~written~~should ornot ~~oral~~place undue certainty on these forward-looking statements, which ~~that~~apply weonly ~~may issue in the future. Except~~ as ~~required~~of ~~by applicable law, including~~ the ~~securities~~date ~~laws~~ of ~~the~~this ~~United~~report. ~~States,~~These ~~we do not intend to update any of the~~ forward-looking statements toare ~~conform~~subject ~~these statements~~ to ~~actual~~certain ~~results,~~risks ~~later~~and ~~events~~uncertainties that orcould ~~circumstances~~cause oractual results to ~~reflect~~differ ~~the~~materially ~~occurrence~~from ofhistorical ~~unanticipated~~results ~~events~~or our predictions.

InAs ~~this~~used ~~report~~in ~~unless~~this ~~otherwise~~quarterly ~~specified~~report, ~~all~~the ~~dollar~~terms ~~amounts~~"we", "us", ~~are~~"our", ~~expressed~~"our incompany" ~~United States dollars~~ and ~~all references to~~ “~~common~~Global ~~shares~~Resource” ~~refer~~mean toGlobal ~~the~~Resource ~~common~~Energy ~~shares~~Inc., ofunless otherwise ~~our~~indicated. ~~capital~~We ~~stock~~have no subsidiaries.

~~The~~General management’s discussion and analysis of our financial condition and results of operations are based upon our financial statements, which have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP").Overview

~~Background~~We were incorporated in the State of Nevada under the name Myriad International, Corp. on November 6, 2008.

We ~~were~~filed ~~incorporated~~a inCertificate of Amendment with the ~~State~~Secretary of State of Nevada, ~~under~~with the ~~name~~effective ~~Myriad~~date ~~International~~of November 27, ~~Corp.~~2009, oneffecting ~~November~~the 6,following ~~2008.~~corporate changes:

We(1) ~~filed~~changing ~~a Certificate of Amendment with~~ the ~~Secretary~~Company’s ofname ~~State~~from ofMyriad ~~Nevada~~International, ~~with~~Corp. ~~the~~to ~~effective~~Aura ~~date~~Bio ofCorp.; ~~November 27, 2009, effecting the following corporate changes:~~and

(1)	changing the Company’s name from Myriad International, Corp. to Aura Bio Corp.; and
(2)	effecting a 20 for 1 forward-split of the Company’s issued and outstanding common shares.

(2)

effecting a 20 for 1 forward-split of the Company’s issued and outstanding common shares.

On November 16, 2010, the Company filed an amendment with the State of Nevada to change its name to Global Resource Energy Inc.

OnThe ~~January~~Amendment ~~26,~~filed ~~2012,~~with the ~~Company~~Nevada ~~entered~~Secretary ~~into~~of anState ~~assignment~~also ~~agreement whereby Patedma Group Corp. assigned its distributor agreement with Dongguan City Cled Optoelectonic Co. Ltd. for~~ increased the ~~distribution~~Company’s ofauthorized ~~LED~~capital ~~Street~~from ~~Lights~~75,000,000 ~~Solar~~shares ~~LED~~of ~~Street~~common ~~Lights~~stock, ~~LED~~par ~~Tunnel Lights~~value, ~~LED Flood Lights~~$0.001, ~~LED~~to ~~High Bay Lights~~250, ~~LED High Mask Lights~~000,000 ~~LED~~shares ~~Garden~~of ~~Lights~~common stock, ~~Light~~$0.001 ~~Sourcing~~par ~~and all Indoor Lighting sold and exported by Supplier with their trademark CLED~~value.

AsOn atNovember 9, 2010, the ~~date~~Board of ~~this~~Directors ~~filing,~~of the Company ~~does~~also authorized ~~not~~and ~~have~~approved ~~sufficient~~a ~~funds~~forward tostock ~~fund~~split ~~any~~of ~~distribution~~the ~~activities~~Company’s ortotal toissued ~~enter~~and ~~into~~outstanding ~~any~~shares ~~management~~of ~~agreement~~common ~~with~~stock ~~Kardings~~at ~~and~~a ratio itof ~~will~~three ~~have~~for to1 ~~raise~~(3:1). ~~funding~~The inforward ~~order~~stock tosplit bewas ~~able~~effectuated toon ~~undertake~~December ~~its~~10, ~~current~~2010 ~~business~~and ~~plan~~increased ~~and~~the toCompany’s ~~commence~~total issued ~~distribution~~and ofoutstanding ~~any~~shares of ~~the~~common ~~Dongguan~~stock ~~products~~from 27,000,000 to 81,000,000 shares of common stock.

On ~~November~~April 1225, ~~2012~~2011, the Company ~~entered~~received ~~into~~the aresignation ~~Certified~~of ~~Emission~~Harry Lappa ~~Reductions~~as ~~(“CER”)~~President ~~Pre-sale~~ and ~~Purchase~~Chief ~~Agreement~~Executive ~~(“CERSPA”)~~Officer ~~with~~of ~~Bluforest,~~the ~~Inc~~Company. On ~~(“Bluforest”).~~the ~~Under~~same day, the ~~agreement,~~Company weappointed ~~pre-purchased~~Douglas ~~66,000~~Roe ~~CERs~~as its ~~from~~new ~~Bluforest.~~President ~~The~~and ~~total~~Chief ~~purchase~~Executive ~~price~~Officer. Concurrent ofwith ~~$660,000~~the ~~was~~appointment ~~paid~~of inMr. Roe, the ~~form~~Company ofgranted 3Mr. Roe a $90,000~~,000~~ ~~restricted~~signing ~~shares~~bonus offor ~~the~~acting ~~Company’s~~as ~~common~~President ~~stock~~and Chief Executive Officer. The ~~shares~~signing ~~were~~bonus ~~issued~~was ~~subsequent~~paid to ~~the~~Mr. ~~fiscal~~Roe ~~year~~by ~~ended~~the ~~January~~issuance of 3190,000,000 ~~2013~~shares of the Company. This ~~purchase~~issuance isresulted in ~~keeping~~a ~~with~~change ~~the~~of ~~Company’s~~control ~~clean~~of ~~energy~~the ~~philosophy~~Company.

4On April 26, 2011, the Company filed a Certificate of Amendment with the Secretary of State of Nevada, with the effective date of May 2, 2011, effecting a 1,000 to 1 reverse-split of the Company’s issued and outstanding common shares. The reverse Split was approved by FINRA on July 27, 2011.

~~Liquidity~~On &July ~~Capital~~21, ~~Resources~~2011, the Company accepted the resignation of Douglas Roe as the President/Chief Executive Officer, Secretary, Treasurer and the sole member of the Board of Directors of the Company. Simultaneously, Robert Baker was appointed as the sole member of the Board of Directors and as the President/Chief Executive Officer, Secretary and Treasurer of the Company.

WeOn ~~are~~August a1, ~~development~~2011 ~~stage company intending to engage in~~ the ~~licensing~~Company ~~and~~approved ~~reselling~~an orannual ~~distribution~~salary ofto ~~clean technologies~~Mr. Baker ~~We currently have one distribution contract for the distribution~~ of ~~LED~~$40,000 ~~lights~~which ~~and~~amount wewas ~~have~~paid ~~made~~in an advance toby ~~acquire~~the ~~Certified~~issuance ~~Emission~~of ~~Reduction~~a ~~credits~~total ~~(“CER’s”)~~of ~~for future resale. We have not yet commenced operations as we have no funding with which to undertake any distribution under our agreement~~40,000,000 ~~and~~shares ~~have~~of ~~not yet received~~ the ~~CER~~Company’s ~~for redistribution~~common stock. We This ~~have~~issuance ~~not~~effected ~~generated~~a ~~any~~change ~~revenues~~in ~~and~~control weof ~~expect~~the ~~to incur substantial costs while continuing to effect our business plan and meeting our ongoing corporate obligations and debt servicing~~Company.

WeTable ~~had no cash on hand as~~ of ~~October~~Contents 31, 2013 or as of January 31, 2013. We have current assets as at October 31, 2013 of $1,415 ($1,415 as of January 31, 2013), which are solely related to prepaid expenses. We will not have sufficient funds for our planned operations or to meet ongoing obligations unless we are successful in raising additional capital.11

~~For~~On January 26, 2012, the ~~nine~~Company ~~month~~entered ~~period~~into ~~ended~~an ~~October~~assignment ~~31,~~agreement whereby ~~2013,~~Patedma weGroup ~~raised~~Corp. aassigned ~~total~~its ofdistributor ~~$21,774~~agreement bywith ~~way~~Dongguan ofCity ~~advances~~Cled Optoelectronic Co. Ltd. (“Dongguan”) for ~~ongoing~~the ~~operations~~distribution of LED Street Lights, asSolar ~~compared~~LED toStreet ~~$22~~Lights,~~558~~ ~~raised~~LED inTunnel ~~financing~~Lights, ~~activities~~LED ~~for~~Flood ~~the~~Lights, ~~same~~LED ~~period~~High ~~ended~~Bay ~~October~~Lights, LED 31High Mask Lights, ~~2012~~LED Garden Lights, Light Sourcing and all Indoor Lighting sold and exported by Dongguan with their trademark CLED.

WeOn ~~have~~July ~~not~~13, ~~yet~~2012, ~~generated~~the ~~any~~Company ~~revenues~~announced ~~and~~the weexecution ~~expect~~of toa ~~incur~~commercial assignment ~~substantial~~agreement ~~costs~~with ~~while~~Atrius ~~continuing~~Holdings in regards to ~~effect~~the ~~our~~assumption ~~business~~of ~~plan~~patents and ~~meeting~~related ~~our~~interests ~~ongoing~~in ~~corporate~~an ~~obligations~~alternative energy technology identified as the MyCroft Hydrogen R-LEG Fuel Cell. However, the Company was unable to comply with the terms of the agreement and ~~debt~~therefore ~~servicing~~the agreement did not proceed.

InOn ~~order~~August to14, ~~meet~~2012, ~~all~~the ofCompany ~~our~~announced further ~~current~~expansion ~~commitments~~into ~~and~~clean ~~fund~~energy ~~operations~~by ~~for~~signing ~~the~~a ~~next~~Letter ~~twelve~~of ~~months,~~Intent weto ~~estimate~~sell ~~that~~49% weof ~~will~~its ~~require~~exclusive adistribution ~~minimum~~rights in North American of ~~$300,000~~CLED Street Lights Rights to Balon Bleu Holdings LLC. This ~~figure~~Letter isof ~~based~~Intent onrequired ~~our~~Balon ~~current~~Bleu ~~general~~Holdings ~~and~~to ~~administrative~~pay ~~costs~~an immediate deposit of $50,000 to the Company and ~~our~~$50,000 ~~estimation~~every ofmonth ~~funds~~over ~~that~~the ~~may~~next befive ~~required~~months for ~~any~~a ~~inventory~~total orof ~~licensing~~$300,000 ~~agreements.~~USD Weto ~~currently~~earn ~~have~~the noassignment of ~~funds~~the ~~and~~49% ~~there~~interest. isBalon noBleu ~~assurance~~Holdings ~~that~~could ~~sufficient~~not ~~funds~~fulfill ~~will~~its beobligations ~~available~~under ifthe agreement and ~~when~~the ~~required~~agreement was terminated by the Company.

~~Our~~On ~~ability~~November to8 ~~meet~~2012, ~~our~~the ~~financial~~Company ~~commitments~~negotiated isa ~~primarily~~one ~~dependent~~year ~~upon~~extension expiring ~~the~~on ~~continued~~November ~~issuance~~12, of2013, ~~equity~~on toits ~~new~~licensing ~~stockholders,~~agreement ~~the~~with ~~ability~~Patedma toGroup ~~borrow~~Corp. ~~funds~~of Los Angeles, ~~and~~CA, ~~ultimately~~the ~~upon~~owner ~~our~~of ~~ability~~Kardings America, to ~~achieve~~extend ~~and~~the ~~maintain~~exclusive ~~profitable~~distribution ~~operations.~~agreement ~~There~~for ~~are~~LED nostreet ~~assurances~~lighting. ~~that~~This weextension ~~will~~allows bethe ~~able~~Company to ~~obtain~~continue ~~required~~selling under ~~funds~~Patedma's ~~for~~license ~~our~~agreement ~~continued~~and ~~operations~~solidifies orthe ~~that~~Company ~~additional~~in ~~financing~~the ~~will~~LED bestreet ~~available~~light toindustry. usThe ~~when~~Company ~~needed~~had ~~or,~~anticipated ifthe finalization ~~available,~~of ~~that~~a itpurchase ~~can~~whereby beit ~~obtained~~would onoutright ~~commercially~~purchase ~~reasonable~~the ~~terms. If~~rights, wehowever, ~~are~~they ~~not~~were ~~able~~unable to ~~obtain~~conclude the ~~additional~~agreement, and ~~financing~~continued onto aoperate ~~timely~~under ~~basis,~~the welicensing ~~will~~agreement. Subsequent ~~not~~to beNovember ~~able~~12, to2013 ~~meet~~the ~~our~~Company ~~other~~received ~~obligations~~a asverbal extension ~~they~~of ~~become~~the ~~due~~contract ~~and~~for wea ~~will~~period beof ~~forced~~six tomonths ~~scale~~expiring ~~down~~on orMay ~~perhaps~~8, ~~even~~2014. ~~cease~~The Company’s rights to the ~~operation~~LED oftechnology expired ~~our~~on ~~business~~May 8, 2014.

~~There~~On isNovember ~~substantial~~12, ~~doubt~~2012, ~~about~~the ~~our~~Company ~~ability~~entered tointo ~~continue as~~ a ~~going~~Certified ~~concern,~~Emission Reductions as(“CER”) ~~the~~Pre-sale ~~continuation~~and ofPurchase ~~our~~Agreement ~~business~~(“CERSPA”) iswith ~~dependent~~Bluforest, ~~upon~~Inc. ~~obtaining~~(“Bluforest”). Under ~~further~~the ~~short~~agreement, ~~and~~we ~~long~~pre-~~term~~purchased ~~financing~~66,000 ~~and~~CERs ~~achieving~~from ~~a profitable level of operations~~Bluforest. The ~~issuance~~total ofpurchase ~~additional~~price ~~equity~~of ~~securities~~$660,000 bywas uspaid ~~could result~~ in ~~a significant dilution in~~ the ~~equity~~form ~~interests~~ of ~~our current stockholder. Obtaining commercial loans~~ 3, ~~assuming those loans would be available~~000,000 ~~will~~restricted ~~increase~~shares ~~our~~of ~~liabilities~~the ~~and~~Company’s ~~future~~common ~~cash commitments~~stock.

~~Results~~On March 1, 2013 the Board of ~~Operations~~Directors accepted the resignation of Robert Alan Baker as the President/Chief Executive Officer, Secretary, Treasurer and the sole member of the Board of Directors of the Company. Simultaneously, Mr. Roland Hutzler was appointed the sole member of the Board of Directors and as the President/Chief Executive Officer, Secretary and Treasurer of the Company.

~~The~~On ~~discussion~~March ~~contained~~7, ~~herein~~2014 isthe ~~for~~Company’s ~~the~~majority ~~three~~stockholder, Mr. Robert Baker entered into Reorganization and ~~nine~~Stock ~~months~~Purchase ~~ended~~Agreement ~~October~~with 31Mr. Ray Kim where under Mr. Baker agreed to sell a total of 40,000,000 ~~2013~~shares of the Company’s common stock, as well as amounts due and ~~2012~~payable totaling $11,403 to Mr. ~~The~~Kim for ~~following~~total ~~discussion~~cash ~~regarding~~consideration ~~our~~$40,000 ~~financial~~payable ~~statements~~by ~~should~~Mr. beKim. As ~~read~~a inresult ~~conjunction~~of ~~with~~the ~~our~~aforementioned ~~financial~~transaction ~~statements~~Mr. ~~included~~Kim ~~herewith~~became the controlling shareholder of the Company.

WeOn ~~have~~March ~~suffered~~11, ~~recurring~~2014 ~~losses~~the ~~from~~Company ~~operations.~~entered ~~The~~into ~~continuation~~a Share Exchange Agreement with Ray Kim (“Kim”), an individual residing in the state of ~~our~~Colorado, whereby the Company will acquire all of the issued and outstanding membership interests of Global Force LLC (“GF”), a Colorado limited liability company, in exchange for 200,000,000 shares of the Company’s preferred stock. GF is ~~dependent~~a ~~upon~~strategic ussales, ~~attaining~~marketing and ~~maintaining~~distribution company. ~~profitable~~Under ~~operations~~the terms of the Agreement, the Company’s sole officer and ~~raising~~director, ~~additional~~Roland ~~capital~~Hutzler resigned as ~~needed.~~an ~~There~~officer and ~~can~~a bedirector noof ~~assurance~~the ~~that~~Company. weCompletion ~~will~~of bethis ~~able~~transaction tois ~~raise~~dependent ~~any~~on ~~funds~~the ~~required~~Company toaffecting ~~maintain~~the ~~our~~corporate ~~reporting~~actions ~~status~~described in orthe tosecond ~~fund~~paragraph ~~operations~~below.

~~Comparison~~On March 11, 2014 the Company’s Board of Directors appointed Mr. Ray Kim as the ~~three~~Company’s ~~months~~President ~~ended~~and ~~October~~a ~~31,~~member ~~2013~~of tothe Board and appointed Mr. John Kim as the ~~three~~Company’s ~~months~~Secretary and ~~ended~~Treasurer ~~October~~and 31a member of the Board. Concurrent with the appointments, ~~2012~~Mr. Roland Hutzler resigned his positions.

5Table of Contents 12

~~For~~On March 12, 2014, the ~~three~~Company ~~months~~approved ~~ended~~a ~~October~~name 31change by the formation of a subsidiary of the Company called Global Force, ~~2013~~Inc., ~~our~~merging ~~net~~such ~~loss~~subsidiary ~~from~~into ~~operations~~the ~~decreased~~Company toand ~~($5,638)~~thereby changing the Company’s name from ~~($68,698)~~Global asResource atEnergy ~~October~~Inc. 31to Global Force, ~~2012~~Inc. Concurrently ~~This~~the ~~decrease~~Company’s ~~was~~Board ~~mainly~~of ~~due~~Directors toapproved a reverse split of the ~~decrease~~Company’s inissued ~~amortization~~and outstanding common stock on the basis of 1,000 to ~~$nil~~1. ~~with~~These ~~comparable~~changes ~~amortization~~have ~~expenses~~been submitted to FINRA for approval. As of ~~$62~~the date of this filing,~~500~~ the Company is still waiting for such approval. In addition, the Company ~~period~~approved ~~ended~~the ~~October~~creation 31of a class of preferred stock with authorized capital of up to 250,000,000 ~~2012~~preferred shares, par value $0. ~~General~~001 ~~and~~for ~~administrative~~issuance ~~expense~~to officers and ~~professional~~consultants ~~fees~~as ~~remained~~compensation ~~consistent~~for ~~period~~services ~~over period~~rendered.

~~Comparison~~On April 23, 2014, the Board of Directors appointed Mr. Dean H. Kim as the ~~nine~~Company’s ~~months~~President ~~ended~~and ~~October~~a ~~31,~~member ~~2013~~of tothe Board and appointed Mr. Edward H. Kim as the ~~nine~~company’s ~~months~~Secretary and ~~ended~~Treasurer. ~~October~~Concurrent 31with the appointments, ~~2012~~Mr. Ray Kim and Mr. John Kim resigned from their positions.

~~During~~On October 13, 2014, the ~~nine~~Share ~~months~~Exchange ~~ended~~Agreement ~~October~~with 31Mr. Ray Kim was terminated and the Board of Directors accepted the resignations of Mr. Dean H. Kim as President, ~~2013~~and Mr. Edward H. Kim as Secretary and ~~2012~~Treasurer. Mr. Phil Plumely was appointed as President, weSecretary, ~~earned~~Treasurer noand ~~revenues~~member ~~from~~of ~~operations~~the Board of Directors. On October 14, 2014, Mr. Kim sold his controlling interest in the Company to Phil Plumley.

~~For~~On ~~the nine months ended~~ October 3114, ~~2013~~2014, ~~our net loss from operations decreased to ($21,940) from ($231,293) as at October 31, 2012~~Mr. ~~This~~Dean ~~decrease~~Kim ~~was~~and ~~mainly due to the decrease in amortization to $nil with comparable amortization expenses of $187,500 for the period ended October 31, 2012~~Mr. ~~General~~ ~~and~~Edward ~~administrative~~Kim ~~expenses~~resign ~~also decreased to $7,817~~ from ~~$17,087 as at October 31, 2012, with a decrease in professional fees to $14,123 from $26,706 in~~ the ~~comparable~~Board ~~period~~of ~~ended October 31, 2012~~Company.

~~Period~~On ~~from~~October ~~inception~~23, ~~November 6~~2014, ~~2008~~the Company filed a Certificate of Correction with the Nevada Secretary of State to ~~October~~change ~~31,~~name ~~2013~~of the Company back to Global Resource Energy Inc. The Company has appointed Pacific Stock Transfer Company as its transfer agent and is moving forward with the reverse split.

~~Our~~We ~~revenues~~have ~~since~~evaluated ~~inception~~subsequent toevents ~~date~~through ~~have~~November ~~been~~10, ~~$nil~~2014. Other ~~Since~~than ~~inception,~~those weset ~~have~~out ~~an accumulated deficit during the development stage of $698~~above,~~061. We~~ ~~expect~~there tohave ~~continue~~been tono ~~incur~~subsequent ~~losses~~events ~~as a result of expenditures~~ for ~~general~~which ~~and~~disclosure ~~administrative~~is ~~activities~~required ~~while~~which weare ~~remain~~not inpreviously disclosed ~~the development stage~~herein.

~~Critical~~Current ~~Accounting Policies and Estimates~~Business

~~The~~Global ~~preparation~~Resource ofEnergy ~~our~~is ~~financial~~a ~~statements~~clean ~~requires~~energy ~~management~~company ~~to make estimates and assumptions~~ that ~~affect~~will ~~the~~provide services ~~reported amounts of assets~~ and ~~liabilities~~solutions ~~and~~to ~~the~~businesses, ~~disclosure~~communities ~~of contingent assets~~ and ~~liabilities~~individuals atso ~~the~~we ~~date~~can ofall ~~the~~enjoy ~~financial~~a ~~statements~~cleaner ~~and~~environment ~~the~~today ~~reported amounts of revenues~~ and expenses during the reporting period. On an on-going basis, management evaluates its estimates and judgments that are based on historical experience and on various other factors that are believed to be reasonable under the circumstances. The results of their evaluation form the basis for ~~making judgments about the carrying values of assets and liabilities~~tomorrow. ~~Actual results may differ from these estimates under different assumptions and circumstances. Our significant accounting policies are more fully discussed in the Notes to our Financial Statements.~~

~~Off-~~Our ~~Balance~~intent ~~Sheet~~is ~~Arrangements~~to be a licensor and reseller of clean energy products including wind, solar and alternative energy technologies.

In keeping with the Company’s plan of licensing and reselling clean energy products, on January 26, 2012, extended on November 8, 2012 to expire on November 12, 2013, the Company entered into an assignment agreement and acquired the distribution rights for the distribution of LED Street Lights, Solar LED Street Lights, LED Tunnel Lights, LED Flood Lights, LED High Bay Lights, LED High Mask Lights, LED Garden Lights, Light Sourcing and all Indoor Lighting sold and exported by Dongguan with their trademark CLED. Subsequent to November 12, 2013 the Company received a verbal extension of the contract for a period of six months expiring on May 8, 2014. The Company’s rights ~~presently~~to ~~does~~the ~~not~~LED ~~have~~technology ~~any~~expired ~~off-balance~~on ~~sheet~~May ~~arrangements~~8, 2014.

~~Inflation~~The Company hopes to undertake the business operations of supplying highly efficient LED street lighting to municipalities throughout North America through the Company’s exclusive North American distribution agreement. The Company has the exclusive rights to market, sell and distribute efficient and long lasting street-lights to municipalities, cities and counties throughout the United States and Canada.

~~The~~In ~~amounts~~addition ~~presented~~to insupplying LED lighting, Kardings management is also familiar with a green energy fund called the ~~financial~~Hero ~~statements~~Program™. doThis fund is designed to help financially strapped communities not ~~provide~~only ~~for~~upgrade to new, highly efficient LED lighting, but to immediately reduce the ~~effect~~cost of ~~inflation~~paying onfor ~~our~~and ~~operations~~maintaining orlighting by ~~financial~~as ~~position~~much as 40% simply by signing up for the program. The ~~net~~program ~~operating~~offers ~~losses~~a ~~shown~~way ~~would~~to bepurchase ~~greater~~the ~~than~~lighting, ~~reported~~and if necessary, the poles, ~~effects~~and take advantage of ~~inflation~~the ~~were~~greater ~~reflected~~levels ~~either~~of efficiency offered by ~~charging~~LED ~~operations~~lighting ~~with~~systems. ~~amounts~~If ~~that~~a ~~represent~~municipality ~~replacement~~elects ~~costs~~to orchoose a 10-year term, the cost of lighting could immediately be reduced through subsidies offered by ~~using~~the ~~other~~Hero ~~inflation~~Program™ ~~adjustments~~up to 40% off their current lighting costs.

~~Item~~Table 3.of ~~Quantitative~~Contents ~~and Qualitative Disclosures About Market Risk.~~13

6As at the date of this filing, the Company does not have sufficient funds to fund any distribution activities or to enter into any management agreement with Kardings and it will have to raise funding in order to be able to undertake its current business plan and to commence distribution of any of the Dongguan products.

~~Evaluation~~On ofNovember ~~Disclosure~~12, ~~Controls~~2012, the Company entered into a Certified Emission Reductions (“CER”) Pre-sale and ~~Procedures~~Purchase Agreement (“CERSPA”) with Bluforest, Inc. (“Bluforest”). Under the agreement, we pre-purchased 66,000 CERs from Bluforest. The total purchase price of $660,000 was paid in the form of 3,000,000 restricted shares of the Company’s common stock. The shares were issued subsequent to the fiscal year end. This purchase is in keeping with the Company’s clean energy philosophy. As at January 31, 2014 the Company determined to fully impair its investment in CERSPA due to uncertainly about Bluforest’s ability to continue as a going concern.

~~Under~~Principal ~~the~~Products ~~supervision~~ and ~~with~~Services ~~the participation of our management, including our principal executive officer~~ and ~~principal~~their financial officer, who are responsible for conducting an evaluation of the effectiveness of the design andoperation of our disclosure controls and procedures, as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as of the end of the quarterly period covered by this report. Disclosure controls and procedures means that the material information required to be included in our Securities and Exchange Commission reports is recorded, processed, summarized and reported within the time periods specified in SEC rules and forms relating to our company, including any consolidating subsidiaries, and was made known to us by others within those entities, particularly during the period when this report was being prepared. Based on this evaluation, our principal executive officer and principal financial officer concluded as of the evaluation date that our disclosure controls and procedures were not effective as of October 31, 2013.Markets

~~Management’s~~The ~~Report~~Company has a broad range of indoor and outdoor municipal lighting products. Currently, the products can be viewed in the “Products” section on ~~Internal~~the ~~Control~~Kardings ~~Over~~website ~~Financial~~at ~~Reporting~~www.kardings.com.

~~Our management is responsible for establishing and maintaining adequate internal control over financial reporting.~~ The ~~internal~~Company ~~control~~hopes ~~process has been designed, under our supervision,~~ to provide ~~reasonable assurance regarding~~ the ~~reliability~~service ofto ~~financial~~help ~~reporting~~guide ~~and~~municipalities through ~~the~~complex ~~preparation~~negotiations ofwith ~~our~~utilities ~~financial~~and ~~statements for external reporting purposes in accordance~~ with ~~accounting~~installation ~~principles~~contractors ~~generally~~to ~~accepted~~help inmaximize the ~~United~~cost ~~States~~savings of ~~America~~upgrading.

~~Management~~The ~~conducted~~lighting ansystems ~~assessment~~are ofavailable ~~the~~to ~~effectiveness~~municipalities of ~~our~~any ~~internal~~size. The ~~control~~Company ~~over~~would ~~financial~~have ~~reporting~~the asability ofto ~~October~~supply ~~31,~~villages ~~2013,~~of ~~including~~500 ~~(i)~~with the ~~control~~capacity ~~environment,~~to ~~(ii)~~produce ~~risk assessment~~50,000 ~~(iii)~~lights ~~control~~per ~~activities~~month, ~~(iv)~~which ~~information~~could furnish ~~and~~a ~~communication,~~city ~~and~~of ~~(v)~~3 ~~monitoring.~~million ~~Based on this assessment~~people, ~~management~~subject ~~has~~to ~~determined~~the ~~that~~Company ~~our~~being ~~internal~~able ~~control~~to ~~over~~raise ~~financial reporting as of October 31, 2013 was not effective for~~ the ~~reason~~required ~~described herein~~financing.

~~The~~Distribution ~~matters~~Methods ~~involving internal controls and procedures that our management considered to be material weaknesses under the standards~~ of the Public Company Accounting Oversight Board were: (1) inadequate segregation of duties consistent with control objectives. The aforementioned material weaknesses were identified by our Chief Executive Officer in connection with the review of our financial statements as of October 31, 2013.Products

~~Management~~The ~~believes~~Company ~~that~~will ~~the~~be ~~material~~required ~~weakness~~to set ~~forth~~up ~~above~~distribution ~~did~~of its Products, however it has been limited in its progress with the distribution of these Products due to a lack of funding. The Company has not ~~have~~yet andetermined ~~effect~~whether onto ~~our~~directly ~~financial~~distribute ~~results~~or enter into a marketing agreement with Kardings or some other marketing and distribution company. The Company will require funds to be able to execute any business plan related to the Products and as yet has not raised any capital to enable any business to proceed, other than the acquisition of the rights. The Products are currently manufactured in China and will be shipped by container directly to their North America destinations.

~~All~~Status internal control systems, no matter how well designed, have inherent limitations. Therefore, even those systems determined to be effective can provide only reasonable assurance with respect to financial statement preparations and presentations. Also, projections of any ~~evaluation~~Publicly ofAnnounced ~~effectiveness~~New ~~to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.~~Product

~~This~~The ~~quarterly~~Company ~~report~~has ~~does~~acquired ~~not~~the ~~include~~distribution anrights ~~attestation~~to ~~report~~various oflighting products ~~the~~as ~~company’s~~described ~~registered~~above ~~public~~on ~~accounting~~January ~~firm~~26, ~~regarding~~2012. However, ~~internal~~the ~~control~~Company ~~over~~has ~~financial~~not ~~reporting.~~yet ~~Management’s~~set ~~report~~up ~~was~~its distribution or marketing initiatives as it does not ~~subject~~have sufficient funding to ~~attestation~~do byso. The ~~the~~Company ~~company’s~~will ~~registered~~be ~~public~~required ~~accounting~~to ~~firm~~undertake a ~~pursuant~~financing in order to ~~temporary~~commence ~~rules~~distribution. The ofProducts ~~the~~are ~~Securities~~readily available through the manufacturer and ~~Exchange~~are ~~Commission~~CE ~~that~~approved ~~permit~~for ~~the~~worldwide ~~company~~distribution toand ~~provide~~UL onapproved ~~management’s~~for ~~report~~North onAmerica, ~~this~~which ~~quarterly~~includes ~~report~~the United States and Canada.

~~Changes~~Competitive Business Conditions and Our Competitive Position in ~~Internal~~the ~~Control~~Industry ~~Over~~and ~~Financial~~Methods ~~Reporting~~of Competition

~~There~~The ~~were~~Company, noas ~~significant~~are ~~changes~~most inLED ~~our~~distributors ~~internal~~today, ~~controls~~is ora innew ~~other~~company with ~~factors~~no ~~that~~history ~~could~~of ~~significantly~~sales ~~affect~~or ~~these~~distribution. ~~controls~~Even ~~subsequent~~the tolargest competitor is still in the ~~evaluation~~early ~~date~~stages of business with very few installations. While Wewe believe we have ~~not~~the ~~identified~~most ~~any~~technically ~~significant~~advanced ~~deficiencies~~product orin ~~material~~the ~~weaknesses~~world inand ~~our~~that ~~internal~~product ~~controls~~is back by the longest warranty at 5 years with the nearest competitor at only 3 years, ~~and~~we ~~therefore~~still ~~there~~must ~~were~~develop noa ~~corrective~~market ~~actions~~for ~~taken~~our Products.

7Table of Contents 14

~~PART~~We IIoperate –in ~~OTHER~~a ~~INFORMATION~~highly competitive and changing environment.

~~ITEM~~Some 1of our competitors, as well as potential entrants into our market, may be better positioned to succeed in this market. ~~LEGAL~~ ~~PROCEEDINGS~~They may have:

~~None~~· longer operating histories;

~~ITEM~~· ~~1A. RISK~~more ~~FACTORS~~management experience;

A· ~~smaller~~an ~~reporting~~employee ~~company~~base iswith ~~not~~more ~~required~~extensive ~~to provide the information required by this Item.~~experience;

~~ITEM~~· ~~2. UNREGISTERED~~better ~~SALES~~geographic ~~OF EQUITY SECURITIES AND USE OF PROCEEDS~~coverage;

~~Recent~~· ~~Sales~~larger ofcustomer ~~Unregistered Securities:~~bases;

~~There~~· ~~were~~greater nobrand ~~unregistered~~recognition; securities to report which were sold or issued by the Company without the registration of these securities under the Securities Act of 1933 in reliance on exemptions from such registration requirements, within the period covered by this report, which have not been previously included in an Annual Report on Form 10-K, a Quarterly Report on Form 10-Q or a Current Report on Form 8-K.and

~~ITEM~~· ~~3. DEFAULTS~~significantly ~~UPON~~greater ~~SENIOR~~financial, ~~SECURITIES~~marketing and other resources

~~None~~Currently, and in the future, as the more clean energy products are available, there will likely be larger, more well-established and well-financed entities that acquire companies and/or invest in or form joint ventures in categories or countries of interest to us, all of which could adversely impact our business. Any of these trends could increase competition and reduce the demand for any of our products or services.

~~ITEM~~Sources ~~4. MINE~~and ~~SAFETY~~Availability ~~DISCLOSURES~~of Raw Materials and Names of Principal Suppliers

~~Not~~All ~~Applicable~~of our products are sourced from one Chinese manufacturer that has given the Company distribution rights exclusively. The Dongguan City Cled Optoelectronic Co. Ltd. supplies our full line of lights on a revolving distribution agreement.

~~ITEM~~Dependence 5.on ~~OTHER~~One ~~INFORMATION~~or a Few Major Customers

~~None~~We do not currently have any customers.

8Patents, Trademarks, Licenses, Franchises, Concessions, Royalty Agreements or Labor Contracts, including Duration

~~ITEM~~Patents 6and trademarks related to our business are held by the Dongguan City Cled Optoelectronic Co. Ltd. (the “Supplier”) The Company has a distribution agreement with Dongguan City Cled Optoelectronic Co., Ltd. ~~EXHIBITS~~The Company has the right to use the trade mark of Supplier during the effective period of the distribution agreement in connection with the sale of Products. Any and all rights granted by the Supplier to the Company shall terminate upon termination of the distribution agreement.

Number	Description
3.1	Articles of Incorporation	Incorporated by reference to the Exhibits attached to the Corporation’s Form S-1 filed with the SEC on February 7, 2009
3.2	Bylaws	Incorporated by reference to the Exhibits attached to the Corporation’s Form S-1 filed with the SEC on February 7, 2009
3.3	Certificate of Amendment to the Articles of Incorporation as filed with the State of Nevada on November 16, 2010	Incorporated by reference to the Exhibits attached to the Corporation’s Form 8-K filed with the SEC on December 10, 2010
3.4	Certificate of Amendment to the Articles of Incorporation as filed with the State of Nevada on April 26, 2011	Incorporated by reference to the Exhibits attached to the Corporation’s Form 10-Q/A filed with the SEC on February 27, 2012
10.1	Assignment agreement between the Company and Patedma executed on January 26, 2012.	Incorporated by reference to the Exhibits attached to the Corporation’s Form 10-Q/A filed with the SEC on February 27, 2012
10.2	Extension to Distribution Agreement between Patedma and the Company dated November 8, 2012	Incorporated by reference to the Exhibits attached to the Corporation’s Form 10-K filed with the SEC on May 15, 2013.
10.3	Certified Emission Reductions (“CER”) Pre-sale and Purchase Agreement (“CERSPA”) dated November 12, 2012 between the Company and Bluforest Inc.	Incorporated by reference to the Exhibits attached to the Corporation’s Form 10-K filed with the SEC on May 15, 2013.
31.1	Section 302 Certification – Principal Executive Officer	Filed herewith
31.2	Section 302 Certification – Principal Financial Officer	Filed herewith
32.1	Certification Pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002	Filed herewith
101.CAL*	XBRL Taxonomy Extension Calculation Linkbase	Filed herewith
101.DEF*	XBRL Taxonomy Extension Definition Linkbase	Filed herewith
101.INS*	XBRL Instance Document	Filed herewith
101.LAB*	XBRL Taxonomy Extension Label Linkbase	Filed herewith
101.PRE*	XBRL Taxomony Extension Presentation Linkbase	Filed herewith
101.SCH*	XBRL Taxonomy Extension Schema	Filed herewith

Under the terms of the distribution agreement, the Company has the exclusive rights to all U.S. states East of the Mississippi River, plus the states of California, Oregon, Washington and Arizona and anywhere in Canada (the “Exclusive Territory”), as well, the Company also has the rights to sell or export products outside the Exclusive Territory during the effective period of the distribution agreement. Should the Company sell to any parties outside the Exclusive Territory, those customers will be grandfathered in the event that the supplier assigns the market to another distributor.

*PursuantSubsequently, toon ~~Regulation~~November ~~S-T~~8, ~~this~~2012, ~~interactive~~the ~~data~~Distribution ~~file~~Agreement between isDongguan ~~deemed~~City ~~not~~Cled ~~filed~~Optoelectronic orCo. ~~part~~Ltd ofand aPatedma ~~registration~~Group ~~statement~~Corp., orDBA ~~prospectus~~Kardings America was extended for ~~purposes~~a period of ~~Sections 11~~one year, orterminating on November 12, of2013. During November 2013 the ~~Securities~~Company ~~Act~~was advised of ~~1933,~~an isextension ~~deemed~~of ~~not~~the ~~filed~~Distribution Agreement for ~~purposes~~a period of ~~Section 18~~not ofless ~~the~~than ~~Securities~~six ~~Exchange~~months ~~Act~~terminating on ofor ~~1934~~about May 8, ~~and~~2014. The ~~otherwise~~Company’s isrights to ~~not~~the ~~subject~~LED totechnology ~~liability~~expired ~~under~~on ~~these~~May ~~sections~~8, 2014.

9Table of Contents 15

~~SIGNATURES~~Need for Any Government Approval of Principal Products or Services

~~Pursuant~~Although to the ~~requirements~~lights ofare ~~the~~assembled ~~Securities~~in ~~Exchange~~China, ~~Act~~only ofthe ~~1934,~~housing ~~the~~and lenses ~~registrant~~are ~~has~~actually ~~duly~~manufactured ~~caused~~there. ~~this~~The ~~report~~LED toarray beis ~~signed~~manufactured onby ~~its~~BridgeLux® ~~behalf~~in byCalifornia, USA and the ~~undersigned~~electrical drivers ~~thereunto~~are ~~duly~~made ~~authorized~~by Philips® in the USA.

		GLOBAL RESOURCE ENERGY INC.
Date:	December 16, 2013	By:	/s/ Roland Hutzler
		Name:	Roland Hutzler
		Title:	President, Chief Executive Officer, Principal Executive Officer, Principal Financial Officer

The products are all certified by Conformité Européenne (CE). CE is a mandatory conformity mark for products placed on the market in the European Economic Area (EEA) and in most Latin American and South American countries. With the CE marking on a product, the manufacturer ensures that the product conforms with the essential requirements of the applicable EC directives. In addition to the CE certification the lights are also certified by Underwriters Laboratories (UL) and conform to electrical safety standards in the United States and Canada.

10Effect of Existing or Probable Government Regulations on our Business

As the general lighting landscape continues to evolve, LED lighting for general illumination is being adopted as a viable alternative to traditional lighting due to its unique characteristics and its energy savings potential.

Like traditional lighting equipment, solid-state lighting (SSL) products sold in the United States and Canada are subject to industry standards governing safety and performance. There are key guidelines as well as performance and safety standards that are applicable to SSL products, including those utilizing light-emitting diodes (LEDs).

The use of national standards and test methods improves consistency of performance and facilitates product comparisons, thereby increasing consumer confidence and satisfaction. As the technology matures, standards and guidelines are created or revised as needed. New technologies require new standards and testing benchmarks. From an industry perspective standards and regulations provide a platform for consistent language in regard to definitions, test methods, laboratory accreditation and for product design, manufacturing and testing.

From a governmental perspective, regulation helps ensure public safety, provides consumer protection, regulates energy consumption and monitors environmental issues.

Standards are voluntary and Regulations are mandatory.

Federal Government Regulations:

In December 2007, the federal government enacted the Energy Independence and Security Act of 2007, which contains maximum wattage requirements for all general service incandescent lamps producing from 310–2600 lumens of light. However, these regulations never became law, as another section of the 2007 EISA bill overwrites them, and thus, current law, as specified in the U.S. Code, "does not relate to maximum wattage requirements.”

The efficiency standards will start with 100-watt bulbs and end with 40-watt bulbs. The timeline for these standards was to start in January 2012, but on December 16, 2011, the U.S. House passed the final 2012 budget legislation, which effectively delayed the implementation until October 2012. Light bulbs outside of this range are exempt from the restrictions. Also exempt are several classes of specialty lights, including appliance lamps, rough service bulbs, 3-way, colored lamps, stage lighting, and plant lights.

The United States Environmental Protection Agency's Energy Star program in March 2008 established rules for labeling lamps that meet a set of standards for efficiency, starting time, life expectancy, color, and consistency of performance. The intent of the program is to reduce consumer concerns about efficient light bulbs due to variable quality of products.[32] Those CFLs with a recent Energy Star certification start in less than one second and do not flicker. Energy Star Light Bulbs for Consumers is a resource for finding and comparing Energy Star qualified lamps.

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By 2020, a second tier of restrictions would become effective, which requires all general-purpose bulbs to produce at least 45 lumens per watt (similar to current CFLs). Exemptions from the Act include reflector flood, 3-way, candelabra, colored, and other specialty bulbs.

Individual state efforts

California will phase out the use of incandescent bulbs by 2018 as part of bill by California State Assembly on October 12, 2007. The bill aims to establish a minimum standard of twenty-five lumens per watt by 2013 and sixty lumens per watt by 2018.

Canada

The provincial government of Nova Scotia stated in February 2007 that it would like to move towards preventing the sale of incandescent light bulbs in the province.

In April 2007, Ontario's Minister of Energy Dwight Duncan announced the provincial government's intention to ban the sale of incandescent light bulbs by 2012. Later in April, the federal government announced that it would ban the sale of inefficient incandescent light bulbs nation-wide by 2012 as part of a plan to cut down on emissions of greenhouse gases. On Nov 9, 2011, the federal government approved a proposal to delay new energy efficiency standards for light bulbs until Jan. 1, 2014, when it will become illegal to import inefficient incandescent lighting across the country. In Dec 2011, Ontario Energy Minister confirmed that Ontario is scrapping the five-year-old promise "to avoid confusing consumers".

The Energy Star program, in which Natural Resources Canada is a partner, in March 2008 established rules for labeling lamps that meet a set of standards for efficiency, starting time, life expectancy, color, and consistency of performance. The intent of the program is to reduce consumer concerns about efficient light bulbs due to variable quality of products. Those CFLs with a recent Energy Star certification start in less than one second and do not flicker.

In January 2011, the province of British Columbia banned retailers from ordering 75- or 100-watt incandescent bulbs. The nation's Energy Efficiency Regulations are published on the Natural Resources Canada website.

Research and Development Activities and Costs

We did not undertake any research and development activities in fiscal 2014 or 2013.

Costs and Effects of Compliance with Environmental Law

The secondary function of LED lighting is to reduce energy consumption. When the cost of maintaining existing municipal lighting systems is factored in LED lights can be as much as 75% more efficient. Although the initial cost of purchasing LED lighting is higher, over a fifteen year term the LED lights are more than 75% less expensive to own and operate. LED lights do not use harmful metals such as mercury either and do not pollute the night sky.

Employees

We do not have any employees at this time. All of the business activities of the Company are undertaken by our sole officer and director, except for those accounting and filing activities undertaken by consultants.

Additional information

You may read and copy any materials that we file with the SEC at the SEC’s Public Reference Room at 100 F Street, N.E., Washington, D.C. 20549. You may also find all of the reports or registration statements that we have previously filed electronically with the SEC at its Internet site at www.sec.gov. Please call the SEC at 1-202-551-8090 for further information on this or other Public Reference Rooms. Our SEC reports and registration statements are also available from commercial document retrieval services, such as CCH Washington Service Bureau, whose telephone number is 1-800-955-0219.

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Results of Operations

Overview

The discussion contained herein is for the three and six months ended July 31, 2014 and 2013. The following discussion regarding our financial statements should be read in conjunction with our financial statements included herewith.

We have suffered recurring losses from operations. The continuation of our Company is dependent upon us attaining and maintaining profitable operations and raising additional capital as needed. There can be no assurance that we will be able to raise any funds required to maintain our reporting status or to fund operations.

Comparison of the three months ended July 31, 2014 to the three months ended July 31, 2013

During the three months ended July 31, 2014 and 2013, we earned no revenues from operations.

For the three months ended July 31, 2014, our net loss from operations increased to ($19,910) from ($15,417) as at July 31, 2013. This increase was mainly due to an increase in professional fees. General and administrative expenses decrease to $5,209 from $5,586 as at July 31, 2013, with an increase in professional fees to $14,701from $9,831 in the comparable period ended July 31, 2013.

Comparison of the six months ended July 31, 2014 to the six months ended July 31, 2013

During the six months ended July 31, 2014 and 2013, we earned no revenues from operations.

For the six months ended July 31, 2014, our net loss from operations increased to ($42,938) from ($16,302) as at July 31, 2013. This increase was due to an increase in general and administrative expenses and professional fees compared to the period ended July 31, 2013. General and administrative expenses increased to $9,232 from $5,710 as at July 31, 2013, with an increase in professional fees to $33,706 from $10,592 in the comparable period ended July 31, 2013.

Period from inception, November 6, 2008 to July 31, 2014

Our revenues since inception to date have been $nil. Since inception, we have an accumulated deficit during the development stage of $1,403,679. We expect to continue to incur losses as a result of expenditures for general and administrative activities while we remain in the development stage.

Critical Accounting Policies and Estimates

The preparation of our financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the 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. On an on-going basis, management evaluates its estimates and judgments that are based on historical experience and on various other factors that are believed to be reasonable under the circumstances. The results of their evaluation form the basis for making judgments about the carrying values of assets and liabilities. Actual results may differ from these estimates under different assumptions and circumstances. Our significant accounting policies are more fully discussed in the Notes to our Financial Statements.

Off- Balance Sheet Arrangements

The Company presently does not have any off-balance sheet arrangements.

Inflation

The amounts presented in the financial statements do not provide for the effect of inflation on our operations or financial position. The net operating losses shown would be greater than reported if the effects of inflation were reflected either by charging operations with amounts that represent replacement costs or by using other inflation adjustments.

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ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

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 4. CONTROLS AND PROCEDURES.

Evaluation of Disclosure Controls and Procedures

Under the supervision and with the participation of our management, including our principal executive officer and principal financial officer, who are responsible for conducting an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures, as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as of the end of the quarterly period covered by this report.

Disclosure controls and procedures means that the material information required to be included in our Securities and Exchange Commission reports is recorded, processed, summarized and reported within the time periods specified in SEC rules and forms relating to our company, including any consolidating subsidiaries, and was made known to us by others within those entities, particularly during the period when this report was being prepared. Based on this evaluation, our principal executive officer and principal financial officer concluded as of the evaluation date that our disclosure controls and procedures were not effective as of July 31, 2013.

Management’s Report on Internal Control Over Financial Reporting

Our management is responsible for establishing and maintaining adequate internal control over financial reporting. The internal control process has been designed, under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of our financial statements for external reporting purposes in accordance with accounting principles generally accepted in the United States of America.

Management conducted an assessment of the effectiveness of our internal control over financial reporting as of July 31, 2013, including (i) the control environment, (ii) risk assessment, (iii) control activities, (iv) information and communication, and (v) monitoring. Based on this assessment, management has determined that our internal control over financial reporting as of July 31, 2013 was not effective for the reason described herein.

The matters involving internal controls and procedures that our management considered to be material weaknesses under the standards of the Public Company Accounting Oversight Board were: (1) inadequate segregation of duties consistent with control objectives. The aforementioned material weaknesses were identified by our Chief Executive Officer in connection with the review of our financial statements as of July 31, 2013.

Management believes that the material weakness set forth above did not have an effect on our financial results.

All internal control systems, no matter how well designed, have inherent limitations. Therefore, even those systems determined to be effective can provide only reasonable assurance with respect to financial statement preparations and presentations. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

This quarterly report does not include an attestation report of the company’s registered public accounting firm regarding internal control over financial reporting. Management’s report was not subject to attestation by the company’s registered public accounting firm pursuant to temporary rules of the Securities and Exchange Commission that permit the company to provide on management’s report on this quarterly report.

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Changes in Internal Control Over Financial Reporting

There were no significant changes in our internal controls or in other factors that could significantly affect these controls subsequent to the evaluation date. We have not identified any significant deficiencies or material weaknesses in our internal controls, and therefore there were no corrective actions taken.

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PART II. OTHER INFORMATION

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

None

ITEM 5.

None.

OTHER INFORMATION

ITEM 6. EXHIBITS.

The following documents are included herein:

Exhibit No.		Document Description

	31.1	Certification of Principal Executive Officer and Principal Financial Officer pursuant Section 302 of the Sarbanes-Oxley Act of 2002.

	32.1	Certification of Chief Executive Officer and Chief Financial Officer pursuant Section 906 of the Sarbanes-Oxley Act of 2002.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following person on behalf of the Registrant and in the capacities on this 17^thday of November 2014.

	GLOBAL RESOURCE ENERGY, INC.

Date: November 17, 2014	/s/ Phil Plumley
	Phil Plumley
	President, Secretary, Treasurer and sole director

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