UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-K

[X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ~~EXCHANGE ACT OF 1934 FOR THE YEAR ENDED MAY 31, 2014~~

EXCHANGE ACT OF 1934 FOR THE YEAR ENDED MAY 31, 2015

Commission file number 000-54093

NEXT GALAXY CORP.

(Exact Name of Small Business Issuer as specified in its charter)

NEVADA

(State or other Jurisdiction of Incorporation or Organization)

1680 Michigan Avenue, Suite 700

Miami Beach, FL 33139

(Address of principal executive offices)

(877) 407-9797

(Issuer's telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:	Securities registered pursuant to section 12(g) of the Act:
None	Common Stock

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. YES [ ] NO [X]

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Act: YES [ ] NO [X]

Indicate by check mark whether the registrant (1) has filed all reports required by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. YES [X] NO [ ]

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (SS 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 [ ]

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulations S-K is not contained herein, and will not be contained, to the best of registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. [ ]

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 if the Exchange Act.

Large Accelerated Filer	[ ]		Accelerated Filer	[ ]
Non-accelerated Filer (Do not check if 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 Act). YES [ ] NO [X]

State the aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was sold, or the average bid and asked price of such common equity, as of November 30, ~~2013~~2014 - $6810,~~993~~967,538

As of August 28, ~~2014~~2015, ~~128~~156,~~667~~803,~~628~~649 shares of the registrant's common stock were outstanding.

Table of Contents

TABLE OF CONTENTS

		Page
	PART I
Item 1.	Business.	3
Item 1A.	Risk Factors.	58
Item 1B.	Unresolved Staff Comments.	58
Item 2.	Properties.	58
Item 3.	Legal Proceedings.	68
Item 4.	Mine Safety Disclosures.	68
	PART II
Item 5.	Market Price for the Registrant's Common Equity, Related Stockholders Matters and Issuer Purchases of Equity Securities.	68
Item 6.	Selected Financial Data.	79
Item 7.	Management's Discussion and Analysis of Financial Condition and Results of Operation.	79
Item 7A.	Quantitative and Qualitative Disclosures About Market Risk.	1213
Item 8.	Financial Statements and Supplementary Data.	1214
Item 9.	Changes in and Disagreements With Accountants on Accounting and Financial Disclosure.	2428
Item 9A.	Disclosure Controls and Procedures.	2428
Item 9B.	Other Information.	2529
	PART III
Item 10.	Directors, Executive Officers and Corporate Governance.	2529
Item 11.	Executive Compensation.	2933
Item 12.	Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.	3034
Item 13.	Certain Relationships and Related Transactions, and Director Independence.	3135
Item 14.	Principal Accounting Fees and Services.	3135
	PART IV
Item 15.	Exhibits and Financial Statement Schedules.	3236
Signatures		3438
Exhibit Index		3539

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PART I.

ITEM 1.

BUSINESS.

On June 19, 2014, we entered into an IP Asset Purchase Agreement (the "Agreement") with Mary Spio ("Spio") to acquire certain assets (the "IP Assets") owned by her in consideration of 55,000,000 restricted shares of our common stock. The IP Assets are used in developing a method and apparatus for facilitating social contact in a network of users.

On June 19, 2014, we completed the Agreement with Spio and exchanged the 55,000,000 restricted shares of our common stock for the IP Assets.

~~Since~~On ~~August~~or 5about June 19, ~~2010~~2014, weas ~~were~~a ~~engaged~~result inof completing our Agreement, we changed the ~~business~~focus of ~~bringing~~our business from services to the Machine-to-Machine market ~~(Machine-~~to~~-Machine~~ ~~(M2M)~~a ~~which~~virtual ~~refers~~reality tocompany ~~technologies that allows both wireless and wired systems~~ to ~~communicate~~develop ~~with~~a ~~other~~content ~~devices~~distribution ofplatform ~~the same ability. We changed our name to iMetrik M2M Solutions Inc. in August 2010. On December 12, 2011, we filed Item 5.06 of Form 8-K~~ and ~~were~~hardware noaccess ~~longer~~for avirtual ~~"shell~~reality ~~company" as that term is defined in Reg~~content. ~~405 of the Securities Act of 1933, as amended.~~

On or about June 19, 2014, as a result of completing our Agreement, we changed the focus of our business from services to the Machine-to-Machine market to technology solutions company that provides easy and convenient tools and resources for people to meet, communicate and connect through shared interests, events and activities.

History

We were incorporated under the laws of the State of Nevada on May 6, 2009. We were originally formed with the intent of creating a profitable service for placing Canadian citizens in accounting positions with Canadian corporations. From the date of our incorporation until August 5, 2010, we were in the business of placing Canadian citizens in accounting positions with Canadian accounting firms and corporations located in the Province of Quebec.

On August 5, 2010, we filed a Certificate of Amendment with the State of Nevada, changing our name from "Montreal Services Company" to "iMetrik M2M Solutions Inc." to reflect our new business orientation of the Company to be a solution provider of wireless communication services designed to control and manage the access and use of virtually any asset from "anywhere-to-anywhere" in the world. On November 29, 2012, we changed our name to Wiless Controls Inc. Our shares of common stock are traded on the OTCBB operated by the Financial Industry Regulatory Authority under the symbol "WILS".

On August 19, ~~2012~~2014, we changed our name to Next Galaxy Corp. Our shares of common stock are traded on the OTCQB operated by the Financial Industry Regulatory Authority under the symbol "NXGA" and on June 10, 2014, we changed the focus of our business from services to the machine-to-machine market to ~~technology~~a ~~solutions~~virtual ~~that~~reality ~~provide~~company ~~easy~~to ~~and~~develop ~~convenient~~a ~~tools~~content ~~and~~distribution ~~resources~~platform ~~for people to meet, communicate~~ and ~~connect~~hardware ~~through~~for ~~shared~~access ~~interests,~~virtual ~~events~~reality ~~and activities~~content.

We maintain our statutory registered agent's office at 1000 East William Street, Suite 204, Carson City, Nevada 89701 and our business office is located at ~~3450~~1680 ~~St-Denis~~Michigan ~~Street W~~Avenue, Suite ~~202~~700, ~~Montreal,~~Miami ~~Quebec~~Beach, ~~Canada~~FL ~~H2X 3L3~~33139.

~~Overview~~During the past few months, we have hired independent contractors that have worked on developing a method and apparatus for facilitating social contact in a network of users. They are to create CEEK, a fully immersive and interactive social virtual reality platform that simulates the communal experience of being at a movie, music concert, sports game, museum, business conference or meeting, spectator event or travel destination.

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On or about June 19, 2014, as a result of completing our Agreement, we changed the focus of our business from services to the machine-to-machine marketing to a technology solutions company that provides easy and convenient tools and resources for people to meet, communicate and connect through shared interests, events and activities.

On June 19, 2014, Mary Spio was appointed president, principal executive officer and a member of our board of directors.

On June 23, 2014, we completed the Agreement with Mary Spio and exchanged the 55,000,000 restricted shares of our common stock for the IP Assets.

On July 14, 2014, Laurie Clark was appointed Director and Chief Operating Officer.

On August 12, 2014, as a leading technology and content solutions company developing dynamic, innovative experiences for consumers, we announced that Grammy nominated music producer Willie "Bum Bum" Baker through his new production company New Revolt has entered into partnership with us to create a series of reality shows featuring various musical artists for the CEEK platform, a fully immersive social entertainment platform in development for accessing Virtual Reality and Augmented Reality content. The "docu-series" will be shot with 360 cameras to create the most intimate and immersive experience and designed for viewing through Virtual Reality headgear, such as the Oculus Rift.

On August 19, 2014, we changed our name to Next Galaxy Corp. Our shares of common stock are traded on the OTCQB operated by the Financial Industry Regulatory Authority under the symbol "NXGA".

Our auditors have issued a going concern opinion. This means that our auditors believe there is substantial doubt that we can continue as an on-going business for the next twelve months unless we obtain additional capital to pay our bills. This is because we have not generated any revenues from our current business since the company's main products – CEEK (VR Content distribution platform) and CEEKARS (a VR audio headphone and controller) are currently in development. In addition we have sustained losses for the past two years and have a negative working capital at May 31, 2015. We believe the technical aspects of our software are sufficiently developed for our operations. We must raise cash from sources other than operations. Our only other source for cash at this time is investments by others in our company. We must raise cash to continue our project implementation and continue our operations and product development.

If we are unable to attract users of our services, or if we are unable to attract enough clients to utilize our services, we may quickly use up the proceeds from our first offering and will need to find alternative sources, like a second public offering, a private placement of securities, or loans from our officers or others in order for us to maintain our operations. At the present time, we have not made any arrangements to raise additional cash, other than through this offering.

Business Plan

Next Galaxy Corp is a content and technology solutions company developing CEEK – a fully immersive cross platform social virtual reality application for accessing entertainment, experiences and events along with others to share it with. Next Galaxy is leading the Social Virtual Reality revolution.

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Next Galaxy aims to be a major industry partner in driving growth of entertainment and branded experiences in the consumer virtual reality market.

CEEK provides an easy and convenient social virtual entertainment platform for people to meet, communicate and connect through shared experiences. Ceek simulates the communal experience of attending live events with others from anywhere at anytime.

CEEK is ushering in a new era in entertainment, virtual reality and social networking with a blend of live, virtual and actual event offerings. And best of all, the CEEK platform will be available for use be it on a pc, tablet or other mobile device. CEEK is the key to unlocking virtual worlds around you.

Groups of individuals will have the option to experience live events in the virtual setting together. Viewers experiencing an event from different locations may verbally share observations about what is happening on the field or stage, as if seated next to one another. They may also choose to look at each other during the event. Such features serve to simulate the communal experience of attending live events with friends.

With the CEEK platform, consumers will gain easy access to an unprecedented selection of compelling live entertainment experiences without leaving the home. The individual will be able to experience a sought-after event in a highly immersive setting even when tickets to the actual event are sold out or unaffordable, or travel to the venue is impractical. By removing economic, physical, and geographical constraints, the CEEK augmented reality platform will present previously unimaginable entertainment opportunities to broad audiences.

Entities and individuals engaged in providing live entertainment – television networks, promoters, venue owners, musicians, athletes, sports leagues – will also realize substantial benefits. Ticket sales will no longer be limited by venue capacity or geography. The compelling nature of the augmented reality medium will create entirely new sources of pay-per-view revenue. Advertising revenue per impression will be greater, due to the vastly enhanced ability to target individual consumers with precision.

CEEK will provide live events in partnership with various participants in the live entertainment value chain. In general, other entities will be responsible for ticket sales, advertising sales, production, event marketing, and other activities that are integral to putting on events for live and television audiences. CEEK will be responsible for all activities specific to capturing and delivering the event to the virtual reality audience.

Wherever you are, whatever you like and whoever you're CEEKing, we can help you find and connect with the people, places and the opportunities that are perfect for you.

Overview

On or about June 19, 2014, as a result of completing our Agreement, we changed the focus of our business from services to the Machine-to-Machine market to a virtual reality company to develop a content distribution platform and hardware for access virtual reality content.

Geographical market

We promote our services in North America. We intend to expand our operations to other geographical areas as we generate additional adequate revenues.

Market

~~Numerous~~· ~~market~~The ~~sectors~~global ~~fall~~marketplace ~~comfortably~~is ~~under~~ the ~~M2M~~general umbrella due to the need to respond to a wide array of requirements, depending on the nature of the machine and its location. We want to market and distribute M2M solutions for stationary asset markets worldwide using the Wiless Controls technologies developed over the last two years, as well as developing new applications. This includes industrial, commercial and personal market segments such as building management, lighting systems, vending machines, point of sale terminals, information technology equipment, power supply systems, security, remote healthcare monitoring and mobile internet devices.marketplace

·	The ability to recognize and capitalize on trends before others see them for competitive advantage.

·	Augmented and Virtual Reality is ushering in a new era of mass media consumption and changing the way we will communicate in the future.

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We are currently developing CEEK – a cross platform social application for accessing VR and AR enabled content on mobile devices, personal computers and consoles. We are aiming to become a major industry partner in driving growth of entertainment, virtual tourism and retail experiences in the consumer virtual reality market.

Website

We created and are maintaining a website which allows us to market our services on the Internet.

Competition

~~Because~~The wemarket ~~are small and in a start-up phase,~~ we ~~face~~will ~~stiff~~be ~~competition~~entering ~~from other Machine-to-Machine companies that have far more capital than we do. Our competitive position within the industry~~ is ~~negligible~~one inwithout ~~light~~definite ofcompetition ~~the fact that we have just started our operations~~boundaries. ~~Older,~~ We ~~well~~will ~~established~~be ~~competitors~~competing with ~~records~~consoles, ofmobile ~~success will attract qualified clients away from us. There are numerous competitors within our field. These competitors are moderately sized~~ and ~~ones~~internet weplatforms ~~hope~~that ~~to emulate~~offer invideo ~~the~~content ~~future.~~such ~~Those~~as ~~competitors~~movies, ~~have~~concerts, ~~established~~TV ~~reputations~~shows, ~~and~~including ~~have~~iConcerts, ~~built~~Netflix, ~~extensive client relationships within the industry. Since we have just started operations~~Hulu, ~~we cannot compete with them on the basis of reputation~~Vevo. We compete with them on the basis of price and services and we hope to be able to provide a higher quality personal service to our initial customers. We do this by spending and devoting more time to clients. We believe this higher quality personal service distinguishes us.

The following are the major barriers to our market that allow us an advantage over our competitors:

1.	Existing Content – Software for re-purposing to VR format;

2.	Format – Software and hardware for encoding and indexing existing content to VR format;

3.	Input Device & Abstraction – Cross-Platform Software to play VR Content with Mobile and PC; and,

4.	Original Content – once users experience content with platform, it becomes difficult to watch same content any other way.

Regulations

Our services and technologies are subject to federal, state, provincial and local laws and regulations concerning business activities generally. In Quebec we will be subject to the Civil Code of Quebec. There are no Canadian regulations pertaining to our business with which we need to comply other than registering provincially as a foreign corporation. We are not obligated to register as a foreign corporation until we initiate operations. We have registered as a foreign corporation in ~~the Province of Quebec~~general.

Our operations will be affected from time to time in varying degrees by domestic and foreign political developments, federal and state laws.

In Quebec we will be subject to the Civil Code of Quebec. There are no Canadian regulations pertaining to our business with which we need to comply other than registering provincially as a foreign corporation. We are not obligated to register as a foreign corporation until we initiate operations. We have registered as a foreign corporation in the Province of Quebec.

Employees and employment agreements

AtWe ~~present,~~are ~~we have two consulting agreements in place. During the fiscal year ended May 31, 2011, we signed~~ a ~~Consulting Agreement with Jean-Paul Langlais pursuant to which, Mr. Langlais was providing sales, marketing, corporate~~ development ~~and~~stage ~~management~~company consulting services relating to the corporate activities of our Company. The "Engagement Period" is for one year. The agreement is renewable for a one year period. During the fiscal year ended May 31, 2011, we signed a Consulting Agreement with Michel St-Pierre pursuant to which, Mr. St-Pierre was providing the services to serve in the capacity of President and ~~Chief~~currently ~~Executive Officer of our company. The "Engagement Period" is for one year. The agreements~~ have ~~been~~two ~~renewed~~full-time ~~in August 2013 for a one year period~~employees.

At present, we have two consulting agreements in place. During the fiscal year ended May 31, 2014, we signed a Consulting Agreement with Jean-Paul Langlais pursuant to which, Mr. Langlais was providing sales, marketing, corporate development and management consulting services relating to the corporate activities of our Company. The "Engagement Period" is for one year. The agreement is renewable for a one year period. During the fiscal year ended May 31, 2014, we signed a Consulting Agreement with Michel St-Pierre pursuant to which, Mr. St-Pierre was providing the services to serve in the capacity of President and Chief Executive Officer of our company. The "Engagement Period" is for one year. The agreements have been renewed in August 2015 for a one year period.

We presently do not have pension, health, annuity, insurance, stock options, profit sharing or similar benefit plans; however, we may adopt plans in the future. There are presently no personal benefits available to our officers and directors. Mr. St-Pierre handles our administrative duties.

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Our Current Operations

~~Independent~~During the past few months, we have hired independent contractors that have ~~evaluated,~~worked ~~implemented~~on developing a method and apparatus for facilitating social contact in a network of users. They are ~~presently~~to ~~testing~~create CEEK, a ~~functional~~fully ~~prototype~~immersive ~~solution~~and interactive social virtual reality platform that ~~enables~~simulates the ~~integration~~communal experience of ~~3rd~~being ~~party~~at ~~USB~~a ~~device~~movie, ~~into~~music ~~cellular~~concert, ~~gateway~~sports togame, ~~connect~~museum, ~~through~~business ~~Wiless-M2M~~conference ~~platform~~or meeting, spectator event or travel destination.

On ~~July~~June 719, ~~2011~~2014, we ~~nominated~~entered ~~Jonathan~~into ~~Barratt~~an ~~Chief~~IP ~~Technical~~Asset ~~Officer~~Purchase Agreement (~~CTO~~the "Agreement") ofwith ~~the~~Mary ~~company,~~Spio ~~and~~("Spio") asto ~~such~~acquire hecertain ~~will~~assets ~~oversee~~(the ~~all~~"IP ~~technical~~Assets") ~~developments~~owned ~~for~~by ~~Wiless~~her ~~Controls,~~in asconsideration ~~well~~of as55,000,000 ~~keep~~restricted ashares ~~close~~of ~~relationship~~our ~~with~~common ~~the~~stock. ~~clients~~The toIP ~~guarantee~~Assets ~~the~~are ~~development~~used ~~and~~in ~~delivery~~developing ofa ~~all~~method ~~product~~and ~~lines.~~apparatus Wefor ~~also~~facilitating ~~nominated,~~social ~~Medhat~~contact ~~Mahmoud~~in asa VPnetwork ~~Technology~~of ~~and Strategy~~users.

On ~~July~~or 26about June 19, ~~2011~~2014, weas ~~completed~~a ~~the~~result ~~development~~ of completing our ~~game~~Agreement, ~~changing~~we ~~Cellular~~changed ~~Gateway.~~the Wefocus ~~are~~of ~~ready~~our tobusiness ~~introduce~~from ~~the~~services ~~market~~ to ~~its~~the ~~technology~~machine-to-machine ~~platform,~~marketing ~~one~~to ~~which~~a ~~opens~~technology upsolutions ~~new~~company ~~possibilities~~that inprovides ~~the~~easy ~~Machine~~and toconvenient ~~Machine~~tools ~~world by offering a plug~~ and ~~play~~resources ~~system~~ for ~~deploying~~people anto ~~entirely~~meet, ~~wireless~~communicate ~~M2M~~and ~~solution~~connect inthrough ashared ~~single~~interests, ~~step~~events and activities.

On ~~July~~June 2619, ~~2011~~2014, weMary ~~and~~Spio ~~Monnit~~was ~~Corporation~~appointed ~~announced~~president, aprincipal ~~partnership~~executive ~~that~~officer ~~will~~and ~~enable us to offer the Machine-To-Machine (M2M) market~~ a ~~plug-and-play,~~member ~~end-to-end,~~of ~~cellular~~our ~~enabled~~board ~~wireless~~of ~~sensing solution~~directors.

~~Using~~On ~~Monnit's~~August ~~wireless sensors and iMonnit web application~~19, ~~and our Cellular Gateway with global connectivity~~2014, ~~users~~we ~~will~~changed ~~benefit~~our ~~from~~name ~~a system that eliminates development time and reduces installation~~ to anNext ~~absolute~~Galaxy ~~minimum~~Corp. ~~The~~Our ~~system~~shares ~~will~~of ~~comprise~~common ~~Monnit's~~stock ~~battery~~are ~~operated~~traded ~~low-cost~~on ~~wireless sensors collecting information, transmitted wirelessly through~~ the ~~Wiless~~OTCQB ~~Controls~~operated ~~Cellular~~by ~~Gateway via~~ the ~~iMetrik~~Financial ~~global~~Industry ~~GSM~~Regulatory ~~network~~Authority ~~and~~under ~~iMonnit web application. Once installed, a user can access~~ the ~~sensor~~symbol ~~data, and monitor any asset from anywhere at any time through a computer or smart phone with Internet access~~"NXGA".

On ~~October~~June 1123, ~~2011~~2014, we ~~announced~~completed ~~that~~the ~~after~~Agreement ~~months~~with ofMary ~~development,~~Spio and ~~following~~exchanged ~~a successful demonstration of~~ the ~~system at Metropolitan's head offices in Chicago~~55,000,000 ~~Metropolitan~~restricted ~~has~~shares ~~chosen~~of ~~Wiless~~our ~~Controls~~common tostock ~~monitor~~for ~~all sump pumps it sells in~~ the USIP Assets.

On ~~February~~July 28, ~~2012~~2014, ~~after~~we aentered ~~year~~into ofan ~~development~~agreement ~~and~~with ~~months~~EON ofReality ~~testing, our Cellular Gateway has passed all tests for functionality and reliability of hardware and connectivity, and is now ready~~ to beacquire ~~commercialized.~~certain Weequipment ~~have~~that ~~been~~will ~~working~~allow ~~with~~us ~~Monnit Corporation~~ to create ~~what~~CEEK ~~would~~- bea ~~the~~fully ~~first~~immersive ~~truly end-to-end "plug~~ and ~~play"~~interactive ~~wireless~~social ~~M2M~~reality ~~system.~~platform Bythat ~~combining~~simulates ~~Monnit's~~the ~~sensors~~communal ~~with~~experience ~~our~~of ~~Cellular~~being ~~Gateway~~at ~~and~~a ~~Global Network~~movie, ~~integrators~~music ~~and~~concert, ~~users~~sporting ~~will~~event, nomuseum, ~~longer~~business ~~have~~conference toor ~~source~~meeting, ~~the~~spectator ~~many~~event ~~components and services necessary to monitor and control their assets~~ or ~~systems~~travel destination.

On ~~May~~July 2214, ~~2012~~2014, weLaurie ~~announced~~Clark ~~that~~was weappointed ~~had~~Director ~~commenced~~and ~~commercial~~Chief ~~shipments~~Operating ~~of our Cellular Gateway in North America to two major distributors in the United States~~Officer.

In September, 2014, we announced the release of a first of its kind virtual reality audio headset – Ceekars™. Ceekars™ is the world's first integrated Virtual Reality (VR) audio headset specifically optimized to work with the Oculus Rift and other head mounted VR devices that lack audio to provide dynamic, reactive sound in parallel with immersive video, completing the ultimate VR experience.

On December 7, 2014, we have signed a Business Partnership Agreement with Annex Telecom Co., Ltd, one of South Korea's top Mobile Virtual Network Operators (MVNO). Per the agreement, Next Galaxy and Annex Telecom will work together to create and distribute Virtual Reality (VR) concerts and experiences for use with devices such as the Samsung Gear VR and Oculus Rift via the CEEK Platform. Annex Telecom will also provide celebrity talent affiliations for production and marketing of VR Concerts.

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ITEM 1A.

RISK FACTORS.

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

ITEM 1B.

UNRESOLVED STAFF COMMENTS.

None.

ITEM 2.

PROPERTIES.

We do not own any real estate. We do not plan on investing in real estate in the near future. The Company believes that its current office facilities will be sufficient for the foreseeable future.

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ITEM 3.

LEGAL PROCEEDINGS.

We are not presently a party to any litigation.

ITEM 4.

MINE SAFETY DISCLOSURES.

None.

PART II

ITEM 5.

MARKET PRICE FOR THE REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES.

Market Information

Fiscal Year – 2015		High Bid	Low Bid
	Fourth Quarter: 3/1/15 to 5/31/15	0.13	0.046
	Third Quarter: 12/1/14 to 2/28/15	0.22	0.03
	Second Quarter: 9/1/14 to 11/30/14	0.25	0.15
	First Quarter: 6/1/14 to 8/30/14	0.25	0.02
Fiscal Year – 2014		High Bid	Low Bid
	Fourth Quarter: 3/1/14 to 5/31/14	0.11	0.006
	Third Quarter: 12/1/13 to 2/28/14	0.006	0.0014
	Second Quarter: 9/1/13 to 11/30/13	0.016	0.002
	First Quarter: 6/1/13 to 8/30/13	0.03	0.015
Fiscal Year – 2013		High Bid	Low Bid
	Fourth Quarter: 3/1/13 to 5/31/13	0.10	0.01
	Third Quarter: 12/1/12 to 2/28/13	0.11	0.01
	Second Quarter: 9/1/12 to 11/30/12	0.15	0.02
	First Quarter: 6/1/12 to 8/30/12	0.45	0.10

Our shares of common stock are traded on the ~~OTCQB~~OTCPink operated by the Financial Industry Regulatory Authority (FINRA) under the symbol "NXGA". The shares trading of our common stock began on July 6, 2010.

Holders

As of August 27, ~~2014~~2015, we had ~~forty~~sixty ~~five~~three stockholders of record.

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Dividends

We have never declared or paid cash dividends. There are currently no restrictions which limit our ability to pay dividends in the future.

Securities authorized for issuance under equity compensation plans

We have no equity compensation plans at the present time.

Section 15(g) of the Securities Exchange Act of 1934

Our company's shares are covered by Section 15(g) of the Securities Exchange Act of 1934, as amended that imposes additional sales practice requirements on broker/dealers who sell such securities to persons other than established customers and accredited investors (generally institutions with assets in excess of $5,000,000 or individuals with net worth in excess of $1,000,000 or annual income exceeding $200,000 or $300,000 jointly with their spouses). For transactions covered by the Rule, the broker/dealer must make a special suitability determination for the purchase and have received the purchaser's written agreement to the transaction prior to the sale. Consequently, the Rule may affect the ability of broker/dealers to sell our securities and also may affect your ability to sell your shares in the secondary market.

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Section 15(g) also imposes additional sales practice requirements on broker/dealers who sell penny securities. These rules require a one page summary of certain essential items. The items include the risk of investing in penny stocks in both public offerings and secondary marketing; terms important to in understanding of the function of the penny stock market, such as "bid" and "offer" quotes, a dealers "spread" and broker/dealer compensation; the broker/dealer compensation, the broker/dealers duties to its customers, including the disclosures required by any other penny stock disclosure rules; the customers rights and remedies in causes of fraud in penny stock transactions; and, the FINRA's toll free telephone number and the central number of the North American Administrators Association, for information on the disciplinary history of broker/dealers and their associated persons.

The application of the penny stock rules may affect your ability to resell your shares.

ITEM 6.

SELECTED FINANCIAL DATA.

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

ITEM 7.

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.

Operations

The following discussion of the financial condition and results of our operations should be read in conjunction with the financial statements and the related notes thereto included elsewhere in this Annual Report on Form 10-K for the year ended May 31, ~~2014~~2015 (this "Report"). This report contains certain forward-looking statements and our future operating results could differ materially from those discussed herein. Certain statements including, without limitation, statements containing the words "believes", "anticipates," "expects" and the like, constitute "forward-looking statements". Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. We disclaims any obligation to update any such factors or to announce publicly the results of any revisions of the forward-looking statements contained or incorporated by reference herein to reflect future events or developments.

Since inception, we have incorporated the company, retained an attorney to prepare a registration statement, retained an auditor to audit our financial statements, and prepared a registration statement. We have created and are maintaining a website which allows us to market our services on the Internet. We have started our operations.-9-

On August 5, 2010, we changed our name from "Montreal Services Company" to "iMetrik M2M Solutions Inc."

On August 5, 2010, under a certificate of action without a meeting of shareholders, our shareholder who controls 86.78% of the voting power approved an amendment to our articles of incorporation whereby we increased our authorized shares of common stock from 100,000,000 shares to 500,000,000 shares with a par value of $0.00001 per share.

Our Board of directors approved a stock dividend of 9 additional shares of common stock for each 1 share of common stock outstanding. The record date for the stock dividend was August 19, 2010.

Over the past few months, we have hired independent contractors that have worked on developing M2M systems to serve major clients that are counting on us to open new markets for them in wireless M2M, the "Internet of Things".

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~~They~~During ~~have~~the ~~evaluated~~past few months, ~~implemented~~we have hired independent contractors that have worked on developing a method and apparatus for facilitating social contact in a network of users. They are ~~presently~~to ~~testing~~create CEEK, a ~~functional~~fully ~~prototype~~immersive ~~solution~~and interactive social virtual reality platform that ~~enables~~simulates the ~~integration~~communal experience of ~~3rd~~being ~~party~~at ~~USB~~a ~~device~~movie, ~~into~~music ~~cellular~~concert, ~~gateway~~sports togame, ~~connect~~museum, ~~through~~business ~~Wiless~~conference ~~Controls~~or ~~platform~~meeting, spectator event or travel destination.

On ~~July~~June 719, ~~2011~~2014, we ~~nominated~~entered ~~Jonathan~~into ~~Barratt~~an ~~Chief~~IP ~~Technical~~Asset ~~Officer~~Purchase ~~(CTO)~~Agreement of (the ~~company,~~"Agreement") ~~and~~with asMary ~~such~~Spio he("Spio") ~~oversees~~to ~~all~~acquire ofcertain ~~our~~assets ~~technical~~(the ~~developments~~"IP ~~for~~Assets") ~~Wiless~~owned ~~Controls,~~by asher ~~well~~in asconsideration ~~keep~~of a55,000,000 ~~close~~restricted ~~relationship~~shares ~~with~~of ~~the~~our ~~clients~~common tostock. ~~guarantee~~The ~~the~~IP ~~development~~Assets ~~and~~are ~~delivery~~used ofin ~~all~~developing ~~product~~a ~~lines.~~method Weand ~~also~~apparatus ~~nominated,~~for ~~Medhat~~facilitating ~~Mahmoud~~social ascontact VPin ~~Technology~~a ~~and~~network ~~Strategy~~of users.

On ~~July~~or 26about June 19, ~~2011~~2014, weas ~~completed~~a ~~the~~result ~~development~~ of completing our ~~game~~Agreement, ~~changing~~we ~~Cellular~~changed ~~Gateway. We are ready to introduce~~ the ~~market~~focus toof our ~~technology~~business ~~platform,~~from ~~one~~services ~~which~~to ~~opens~~the upmachine-to-machine ~~new~~marketing ~~possibilities~~to ina ~~the~~technology ~~Machine~~solutions tocompany ~~Machine~~that ~~world~~provides byeasy ~~offering~~and aconvenient ~~plug~~tools and ~~play~~resources ~~system~~ for ~~deploying~~people anto ~~entirely~~meet, ~~wireless~~communicate ~~M2M~~and ~~solution~~connect inthrough ashared ~~single~~interests, ~~step~~events and activities.

~~Using~~On ~~Monnit's~~June ~~wireless~~23, ~~sensors and iMonnit web application~~2014, ~~and~~we ~~our~~completed ~~Cellular~~the ~~Gateway~~Agreement with ~~global~~Mary ~~connectivity,~~Spio ~~users~~and ~~will~~exchanged ~~benefit~~the ~~from~~55,000,000 arestricted ~~system~~shares ~~that~~of ~~eliminates~~our ~~development~~common ~~time~~stock ~~and~~for ~~reduces~~the ~~installation~~IP ~~to an absolute minimum~~Assets.

On ~~October~~July 1114, ~~2011~~2014, weLaurie ~~announced~~Clark ~~that~~was ~~after~~appointed ~~months~~Director ~~of development,~~ and ~~following~~Chief aOperating ~~successful demonstration of the system at Metropolitan's head offices in Chicago, Metropolitan chose Wiless Controls to monitor all sump pumps it sells in the US~~Officer.

On ~~February~~July 28, ~~2012~~2014, ~~after~~we aentered ~~year~~into ofan ~~development~~agreement ~~and~~with ~~months~~EON ofReality ~~testing, our Cellular Gateway passed all tests for functionality and reliability of hardware and connectivity, and is now ready~~ to beacquire ~~commercialized.~~certain Weequipment ~~have~~that ~~been~~will ~~working~~allow ~~with~~us ~~Monnit Corporation~~ to create ~~what~~CEEK ~~would~~- bea ~~the~~fully ~~first~~immersive ~~truly end-to-end "plug~~ and ~~play"~~interactive ~~wireless~~social ~~M2M~~reality ~~system.~~platform Bythat ~~combining~~simulates ~~Monnit's~~the ~~sensors~~communal ~~with~~experience ~~our~~of ~~Cellular~~being ~~Gateway~~at ~~and~~a ~~Global Network~~movie, ~~integrators~~music ~~and~~concert, ~~users~~sporting ~~will~~event, nomuseum, ~~longer~~business ~~have~~conference toor ~~source~~meeting, ~~the~~spectator ~~many~~event ~~components and services necessary to monitor and control their assets~~ or ~~systems~~travel destination.

On ~~May~~August 2212, ~~2012~~2014, as a leading technology and content solutions company developing dynamic, innovative experiences for consumers, we announced wethat ~~had~~Grammy ~~commenced~~nominated ~~commercial~~music ~~shipments~~producer Willie "Bum Bum" Baker through his new production company New Revolt has entered into partnership with us to create a series of ~~our~~reality ~~Cellular~~shows ~~Gateway~~featuring various musical artists for the CEEK platform, a fully immersive social entertainment platform in ~~North~~development ~~America~~for accessing Virtual Reality and Augmented Reality content. The "docu-series" will be shot with 360 cameras to ~~two~~create ~~major~~the ~~distributors~~most inintimate and immersive experience and designed for viewing through Virtual Reality headgear, such as the ~~United~~Oculus ~~States~~Rift.

On August 3119, ~~2012~~2014, we ~~announced~~changed ~~the successful FCC certifications of~~ our ~~Cellular~~name ~~Gateway. These certifications guarantee consumers that the product conforms~~ to ~~essential~~Next ~~requirements~~Galaxy ~~of performance and safety, following the industry standards~~Corp. ~~The~~Our ~~FCC~~shares ~~certification is applicable on products sold in the United States. Manufacturers and suppliers~~ of ~~radio~~common ~~and~~stock ~~telecoms~~are ~~equipment~~traded ~~wishing~~on ~~to gain access to~~ the USOTCQB ~~market~~operated ~~must~~by ~~obtain~~ the ~~necessary~~Financial ~~grant~~Industry ~~(approval)~~Regulatory ~~from~~Authority under the ~~Federal~~symbol ~~Communications Commission (FCC)~~"NXGA".

On ~~November~~August 2912, ~~2012~~2014, as a leading technology and content solutions company developing dynamic, innovative experiences for consumers, we ~~changed~~announced ~~our~~that ~~name~~Grammy nominated music producer Willie "Bum Bum" Baker through his new production company New Revolt has entered into partnership with us to ~~Wiless~~create ~~Controls~~a ~~Inc~~series of reality shows featuring various musical artists for the CEEK platform, a fully immersive social entertainment platform in development for accessing Virtual Reality and Augmented Reality content. The "docu-series" will be shot with 360 cameras to create the most intimate and immersive experience and designed for viewing through Virtual Reality headgear, such as the Oculus Rift.

~~On August 19, 2012, we changed our name to Next Galaxy Corp. Our shares of common stock are traded on the OTCQB operated by the Financial Industry Regulatory Authority under the symbol "NXGA".~~-10-

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IfIn weSeptember, ~~are~~2014, ~~unable~~we toannounced ~~attract~~the ~~users~~release of ~~our~~a ~~services,~~first orof ifits wekind ~~are~~virtual ~~unable~~reality toaudio ~~attract~~headset ~~enough~~– ~~clients~~Ceekars™. toCeekars™ ~~utilize~~is ~~our services, we may quickly use up~~ the ~~proceeds~~world's ~~from our~~ first ~~offering~~integrated ~~and~~Virtual ~~will~~Reality ~~need~~(VR) toaudio ~~find~~headset ~~alternative~~specifically ~~sources,~~optimized ~~like~~to awork ~~second~~with ~~public~~the ~~offering,~~Oculus aRift ~~private~~and ~~placement~~other ofhead ~~securities,~~mounted orVR ~~loans~~devices ~~from~~that ~~our~~lack ~~officers~~audio ~~or others in order for us~~ to ~~maintain~~provide ~~our operations. At the present time~~dynamic, wereactive ~~have~~sound ~~not~~in ~~made~~parallel ~~any~~with ~~arrangements~~immersive ~~to raise additional cash~~video, ~~other~~completing ~~than~~the ~~through~~ultimate ~~this~~VR ~~offering~~experience.

On December 7, 2014, we have signed a Business ~~Plan~~Partnership Agreement with Annex Telecom Co., Ltd, one of South Korea's top Mobile Virtual Network Operators (MVNO). Per the agreement, Next Galaxy and Annex Telecom will work together to create and distribute Virtual Reality (VR) concerts and experiences for use with devices such as the Samsung Gear VR and Oculus Rift via the CEEK Platform. Annex Telecom will also provide celebrity talent affiliations for production and marketing of VR Concerts.

We are striving to become a leading solution provider of wireless communication services designed to control and manage the access and use of virtually any asset from "anywhere-to-anywhere" in the world. This is the world of Machine-to-Machine, the "Internet of Things". With the combination of its embedded device, global network and web service, the Wiless Controls M2M platform moves the information from the source directly to the desktop, greatly reducing cost and implementation time, at the same time helping develop new service offerings and open up new markets.

We intend to concentrate on recurring service revenues, as more and more product functionalities will be marketed, thus building a large base for pay-per-use fees, which will be based on the nature of the service rendered.

The initial sales strategy consisted in identifying existing sales organizations which were subject matter experts (SME) in the verticals they served, and allowing them to sell under their own brand name. The strong recognition by the market of the superiority of the Wiless Controls product over all competition leads us to undertake selling under our own brand in the verticals being currently addressed, as well as in future verticals. When stand-alone branding will not be feasible, co- branding will be preferred.

Our method of developing value is based upon technological vertical integration. We offer our clients a complete wireless service delivery chain to allow them to efficiently deploy M2M solutions worldwide. Wiless Controls enables an "M2M Solution in a box," a one-stop-shop or an end-to-end wireless solution allowing their clients to quickly deploy and compete in the M2M wireless space.

We supply wireless devices and web applications but without the ownership of the radio frequencies. MVNOs, by definition, are companies that provide wireless devices, applications, and purchase wholesale airtime on an existing wireless network to provide their own branded services to end-users.

To the market segments initially addressed, Wiless Controls offering covers the entire value chain: Device, Network and Application. Due to its unique technology, the company is able to market various ranges of service. Large organizations, for instance, could decide to host the data themselves and manage the client interface, while using our device, network access and application enablers. At the other end of the spectrum, some clients might need to operate with a modified device, integrating the actual network access component of our device. Content providers could market their own applications to our installed base of customers. Finally, we could also partner with mobile carriers to provide network access to a growing number of M2M service providers. In all cases, we will favor revenue models based on recurring usage service fees, based on the value of the service for the end user.

Results of Operations

For the Twelve Month Period ended May 31, ~~2014 compared to the Twelve Month Period ended May 31, 2013~~2015

Overview

We incurred net losses of $~~364~~4,~~539~~016,649 for the year ended May 31, ~~2014~~2015 as compared to net losses of $~~720~~364,~~016~~539 for the year ended May 31, ~~2013~~2014.

There has been aan ~~decrease~~increase of $~~131~~2,~~042 in selling~~665,432 in general and administrative expenses, ana ~~increase~~decrease in changes in value of derivative liability of $87605,~~296~~777, an increase of $606,312 in research and adevelopment ~~decrease~~expenses and an increase in interest expenses of $22222,~~384~~381 mainly attributable to the interest expense resulting from derivative liabilities.

~~-9-~~For the year ended May 31, 2015, the Company spent $73,583 in professional fees, $292,000 in salary, $1,833,000 in consulting. For the year ended May 31, 2014, the Company spent $48,000 in professional fees and $192,000 in salary.

Revenue

For the years ended May 31, 2015 and 2014, we had no revenues.

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~~For~~General ~~the~~and year ended May 31, 2014, the Company spent $48,000 in professional fees, $192,000 in salary, $33,735 in research. For the year ended May 31, 2013, the Company spent $130,154 in professional fees, $192,000 in salary, $178,230 in research.Administration

~~Development~~For ~~Stage~~the ~~Expenditures~~year ended May 31, 2015, we incurred general and administration expenses from continuing operations of $2,670,422 and $4,990 for last year, an increase of 534% from last year. The increase was due primarily to an increase of $1,831,214 in consulting fees, an increase in travel expenses of $140,000 and an increase of $25,583 in professional fees.

Development stage expenditures for the year ended May 31, 2014, were 48,000 in professional fees, $192,000 in salaries and $33,735 in research and development. This is compared to development stage expenditures for the year ended May 31, 2013, were $130,154 in professional fees, $192,000 in salaries and $178,230 in research and development.

Sales

For the years ended May 31, 2014 and 2013 we had no gross revenues as compared to gross revenues of $0 in 2013. We are not generating revenues on the sale of equipment due to the testing of our production device done on sight under various environmental conditions.

Total Cost and Expenses

For the year ended May 31, 2014, we incurred total costs and expenses of $364,539. This compared to $720,016 for last year, a decrease of 49% from the same period of 2013. There has been a decrease of $131,042 in selling, general and administrative expenses, a decrease of $144,495 in research and development, an increase in gain on derivatives at market of $87,296 and a decrease in interest expenses of $22,384 mainly attributable to the interest expense resulting from derivative liabilities.

Selling, General and Administration

For the year ended May 31, 2014, we incurred selling, general and administration expenses of $250,597 and $381,639 for last year, a decrease of 34% from last year. The decrease was due primarily to a decrease of $101,336 in consulting fees and a decrease of $16,924 in professional fees.

Interest

For the year ended May 31, ~~2014~~2015, we incurred interest expense of $~~200~~422,~~173~~554 compared to $~~222~~200,~~557~~173 for last year. The ~~decrease~~increase of 10111% was caused by ~~decreased~~increased borrowings and interest expense recorded upon issuance of convertible debt in which the debt discount related to the conversion feature recorded as a derivative exceed the face value of the note.

Liquidity and Capital Resources

At May 31, ~~2014~~2015, we had $742,~~047~~775 in cash, as opposed to $27,~~178~~047 in cash at May 31, ~~2013~~2014. Total cash requirements for operations for the twelve month period ended May 31, ~~2014~~2015 was $~~140~~1,~~020~~211,639. As a result of its new business plan, management estimates that cash requirements through the end of the fiscal year ended May 31, ~~2015~~2016 will be between $500,000 to $2,000,000. As of the date of this Report, we do not have available resources sufficient to cover the expected cash requirements through the end of the first quarter of ~~2015~~2016 or the balance of the year. As a result, there is substantial doubt that we can continue as an ongoing business without obtaining additional financing. Management's plans for maintaining our operations and continued existence include selling additional equity securities and borrowing additional funds to pay operational expenses. There is no assurance we will be able to generate sufficient cash from operations, sell additional shares of Common Stock or borrow additional funds. Our inability to obtain additional cash could have a material adverse effect on our financial position, results of operations and our ability to continue our existence. If our losses continue and we are unable to secure additional financing, we may ultimately be required to seek protection from creditors under applicable bankruptcy laws.

~~-10-~~At May 31, 2015, we had total assets of $4,932,309. This was an increase of $4,925,262 as compared to total assets of $7,047 at May 31, 2014. The increase was primarily attributable to In Process Research and Development and Intangible Asset acquisitions.

~~Table~~At May 31, 2015, we had total liabilities of ~~Contents~~$2,189,699. This was an increase of $682,198, or 45%, as compared to total liabilities of $1,507,501 at May 31, 2014. The net increase was attributable to an increase in note payable and derivative liabilities.

AtDuring the year ended May 31, ~~2014,~~2015 we ~~had~~received ~~total~~loans ~~assets~~from ofMichel $7St-Pierre,~~047.~~ ~~This was~~ a ~~decrease of $16~~shareholder,~~871,~~ orin ~~70.5%,~~the asamount ~~compared to total assets~~ of $2338,~~918~~935. atThese ~~May~~loans ~~31,~~carried ~~2013.~~an ~~The~~interest ~~decrease~~of ~~was~~10% ~~primarily~~and ~~attributable~~is topayable ~~loss~~ on ~~write-down of inventory~~demand.

At May 31, 2014, we had total liabilities of $1,507,501. This was an increase of $335,668, or 29%, as compared to total liabilities of $1,171,833 at May 31, 2013. The net increase was attributable to an increase in note payable- stockholders and accrued expenses and sundry current liabilities.

During the year ended May 31, 2014 we received loans from Michel St-Pierre, a shareholder, in the amount of $20,049. These loans carried an interest of 10% and is payable on demand.

Our financial condition raises substantial doubt about our ability to continue as a going concern. Management's plan for our continued existence includes selling additional stock through private placements and borrowing additional funds to pay overhead expenses while maintaining marketing efforts to raise our sales volume. Our future success is dependent upon our ability to achieve profitable operations, generate cash from operating activities and obtain additional financing. There is no assurance that we will be able to generate sufficient cash from operations, sell additional shares of common stock or borrow additional funds. Our inability to obtain additional cash could have a material adverse effect on our financial position, results of operations and our ability to continue as a going concern.

This section includes a number of forward-looking statements that reflect our current views with respect to future events and financial performance. Forward-looking statements are often identified by words like: believe, expect, estimate, anticipate, intend, project and similar expressions, or words which, by their nature, refer to future events. You should not place undue certainty on these forward-looking statements, which apply only as of the date of this Memorandum. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or our predictions.

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We have only had operating losses which raise substantial doubts about our viability to continue our business and our auditors have issued an opinion expressing the uncertainty of our Company to continue as a going concern. If we are not able to continue operations, investors could lose their entire investment in our Company.

Limited Operating History

We have a history of operating losses, and may continue to incur operating losses. We experienced losses from Inception. With respect to the audited year ending May 31, ~~2014~~2015, we incurred losses of $~~364~~4,~~539~~016,649 (compared with losses of $~~720~~364,~~016~~539 for the same period last year). We had negative working capital for the year ending May 31, ~~2014~~2015 of $1,~~500~~621,~~454~~209, (compared with negative working capital of $1,~~147~~500,~~915for~~454 for the same period last year), and a stockholders' ~~deficiency~~equity of $12, ~~500~~742,~~454as~~610 as of May 31, ~~2014~~2015 (compared with a stockholders' deficiency of $1,~~147~~500,~~915audited~~454 as of May 31, ~~2013)~~2014. All of these developments raise substantial doubt about our ability to continue as a going concern. As a result of these losses and the losses incurred as of May 31, ~~2014~~2015, our auditors issued an opinion in their audit report for the year ended May 31, ~~2014~~2015 expressing uncertainty about the ability of our Company to continue as a going concern. This means that there is substantial doubt whether we can continue as an ongoing business without additional financing and/or generating profits from our operations. Presently, the monthly negative cash flow amounts to $25150,000 and our available cash cannot sustain current operations for more than one month. In order to we want to sell additional shares of common stock or borrow additional funds and generate sufficient cash from operations to support our company for the next twelve months.

We have no operations upon which to base an evaluation of our performance. We were previously engaged in the business of ~~providing~~bringing ~~consultation~~services to ~~business~~the ~~executives~~Machine-to-Machine market (Machine-to-Machine (M2M) which refers to technologies that allows both wireless and wired systems to communicate with other devices of the same ability. We were never retained by anyone to provide such services. Accordingly, we have very limited business operating history. In ~~May~~June, ~~2012~~2014 we ~~have~~entered ~~sold~~into ~~our~~an ~~first~~IP ~~functional~~Asset ~~prototype~~Purchase ~~solution~~Agreement ~~that~~with ~~enables~~Mary ~~the~~Spio ~~integration~~to ofacquire ~~3rd~~certain ~~party~~assets ~~USB~~owned ~~device~~by ~~into~~her ~~cellular~~in ~~gateway~~consideration toof ~~connect~~50,000,000 ~~through~~restricted ~~Wiless~~shares ~~Controls-M2M~~of ~~platform~~our common stock. The ~~This~~IP ~~prototype~~Assets ~~iteration~~are ~~was~~used ~~the~~in ~~final~~developing ~~production~~a ~~design~~method and apparatus for ~~production~~facilitating social contact in a network of users.

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Contractual Obligations

The Company is not party to any contractual obligations other than indicated in Notes 6, 7 and 8.

Off Balance Sheet Arrangements

We have no off balance sheet arrangements other than as described above.

We have not entered into any other financial guarantees or other commitments to guarantee the payment obligations of any third parties. We have not entered into any derivative contracts that are indexed to our shares and classified as shareholder's equity or that are not reflected in our consolidated financial statements. Furthermore, we do not have any retained or contingent interest in assets transferred to an unconsolidated entity that serves as credit, liquidity or market risk support to such entity. We do not have any variable interest in any unconsolidated entity that provides financing, liquidity, market risk or credit support to us or engages in leasing, hedging or research and development services with us.

ITEM 7A.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

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

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ITEM 8.

FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA.

INDEX TO FINANCIAL STATEMENTS

	Index
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM	1315
Balance Sheet	1416
Statement of Stockholders' Equity (Deficiency)	1517
Statements of Operations	1618
Statements of Cash Flows	1719
Notes to Financial Statements	1820

-1214-

Index to Financials

~~Report~~Paritz of& ~~Independent~~Company, ~~Registered~~P.A. ~~Public~~15 ~~Accounting~~Warren ~~Firm~~Street, Suite 25 Hackensack, New Jersey 07601 (201)342-7753 Fax: (201) 342-7598

To the Board of Directors and Stockholders of

~~Wiless~~Next ~~Controls,~~Galaxy ~~Inc~~Corp.

We have audited the accompanying balance sheets of Next Galaxy Corp (~~Formerly~~formerly known as ~~Imetrik~~Wiless ~~M2M Solutions~~Controls, Inc.) (the "Company") as of May 31, 2015 and 2014, and the related statements of operations, stockholders' equity (deficiency), and cash flows for each of the years in the two year period ended May 31, 2015. These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on these financial statements based on our audits.

~~Mont~~We ~~St-Hilaire~~conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. The company is not required to have, ~~Quebec~~nor were we engaged to perform, an audit of its internal control over financial reporting. Our audit included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company's internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

~~Canada~~In ~~J3H~~our ~~4T7~~opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Next Galaxy Corp (formerly known as Wiless Controls, Inc.) as of May 31, 2015 and 2014, and the results of its operations and its cash flows for each of the years in the two year period ended May 31, 2015, in conformity with accounting principles generally accepted in the United States of America.

WeThe accompanying consolidated financial statements have ~~audited~~been prepared on a going concern basis, which contemplates the ~~accompanying~~realization ~~balance~~of ~~sheet~~assets and the satisfaction of ~~Next~~liabilities ~~Galaxy~~in ~~Corp~~the normal course of business. ~~(formerly~~The ~~known~~Company asreported ~~Wiless~~net ~~Controls~~loss of $3,971,976 ~~Inc.)~~from ascontinuing ofoperations for the year ended May 31, ~~2014~~2015 and ~~2013~~$63,457 ~~and~~for the ~~related~~year ~~statements~~ended ofMay ~~operations~~31, ~~changes~~2014. inThe ~~stockholders'~~Company ~~equity~~had ~~(deficiency)~~no ~~and~~revenue ~~cash flows~~ for the years ~~then~~ ended May 31, 2015 and ~~for~~2014.The ~~the~~Company ~~period~~also ~~from~~has ~~inception~~a ~~(May~~negative 6,working ~~2009)~~capital toof $1,621,209 at May 31, ~~2014~~2015. These ~~financial~~factors, ~~statements~~among ~~are~~others, ~~the~~raise ~~responsibility~~substantial ofdoubt regarding the Company's ~~management~~ability to continue as a going concern. The ~~Our~~accompanying ~~responsibility~~financial isstatements todo ~~express~~not aninclude ~~opinion~~any onadjustments ~~these~~that ~~financial~~might ~~statements~~result ~~based~~from onthe ~~our~~outcome ~~audit.~~of this uncertainty

We/s/ ~~conducted~~Paritz ~~our~~& ~~audit in accordance with the standards of the Public~~ Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. The Company is not required to have, ~~nor were we engaged to perform, an audit of its internal control over financial reporting~~P.A ~~Our audit included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances~~Hackensack, ~~but~~NJ ~~not~~September ~~for the purpose of expressing an opinion on the effectiveness of the Company's internal control over financial reporting. Accordingly~~15, we express no such opinion. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provide a reasonable basis for our opinion.2015

In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Next Galaxy Corp. (formerly known as Wiless Controls, Inc.) as of May 31, 2014 and the results of its operations and its cash flows for the years then ended and for the period from inception (May 6, 2009) to May 31, 2014, conformity with accounting principles generally accepted in the United States of America.-15-

The accompanying financial statements have been prepared assuming that Next Galaxy Corp. (formerly known as Wiless Controls, Inc.) will continue as a going concern. The ability of the Company to continue as a going concern is dependent upon, among other things, its successful execution of its plan of operations and ability to raise additional financing. There is no guarantee that the Company will be able to raise additional capital or sell any of its products or services at a profit. In addition, the Company posted a net loss of $364,539 for the year ended May 31, 2014 and has incurred operating losses since its inception. The Company had no revenue of for the year ended May 31, 2014. These factors, among others, raise substantial doubt regarding the Company's ability to continue as a going concern. The accompanying financial statements do not include any adjustments that might result from the outcome of this uncertainty.

Paritz & Company, P.A.

Hackensack, New Jersey

August 28, 2014

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Index to Financials

NEXT GALAXY CORP.

(A Development Stage Company)

(Formerly known as WILESS CONTROLS INC)

BALANCE SHEET

May 31,

	2014			2013
	2015			2014
ASSETS
CURRENT ASSETS
Cash	$	742,~~047~~775		$	27,~~178~~047
Inventories (note 4)		-			21,740
Prepaid expenses		489,534			-
TOTAL CURRENT ASSETS AND TOTAL ASSETS	$	7,047		$	23,918
TOTAL CURRENT ASSETS	$	532,309		$	7,047
LIABILITIES AND STOCKHOLDERS' DEFICIENCY
OTHER ASSETS
Intangible asset (note 4)		140,000			-
In Process Research and development (note 4)		4,260,000			-
		4,400,000			-
TOTAL CURRENT ASSETS AND TOTAL ASSETS	$	4,932,309		$	7,047
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIENCY)
CURRENT LIABILITIES:
Notes payable-stockholders (note 6)		1,024,372			711,761
Customer deposit		50,000			-
Notes payable (note 5)		-			34,380
Notes payable-stockholders (note 8)		99,953			1,024,372
Derivative liabilities (note 7)		-			141,706
Notes payable (note 6)		250,000			-
Accrued expenses and other current liabilities (note 4)		483,129			283,986
Current portion of Convertible Notes payable, net of debt discount (note 7)		115,463			-
TOTAL CURRENT LIABILITIES AND TOTAL LIABILITIES	$	1,507,501		$	1,171,833
Derivative liabilities		1,168,015			-
STOCKHOLDERS' DEFICIENCY
Accrued expenses- Related party (note 11)		158,656			162,698
Common stock 500,000,000 shares authorized, par value $0.00001, 66,146,442 and 64,700,659, issued and outstanding, respectively	$	661		$	647
Accrued expenses and other current liabilities (note 5)		311,431			320,431
Additional paid in capital		1,039,147			1,027,161
TOTAL CURRENT LIABILITIES	$	2,153,518		$	1,507,501
Accumulated Deficit		(81,158	)		(81,158	)
Convertible Notes payable, net of discount (note 7)		36,181			-
Deficit Accumulated during development stage		(2,459,104	)		(2,094,565	)
TOTAL CURRENT LIABILITIES		2,189,699			1,507,501
TOTAL STOCKHOLDERS' DEFICIENCY	$	(1,500,454	)	$	(1,147,915	)
STOCKHOLDERS' EQUITY (DEFICIENCY)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIENCY	$	7,047		$	23,918
Common stock 500,000,000 shares authorized, par value $0.00001, 156,746,210 and 66,146,442 respectively issued and outstanding	$	1,569		$	661
Additional paid in capital		9,297,952			1,039,147
Accumulated Deficit		(6,556,911	)		(2,540,262	)
TOTAL STOCKHOLDERS' EQUITY (DEFICIENCY)	$	2,742,610		$	(1,500,454	)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIENCY)	$	4,932,309		$	7,047

"See notes to financial statements"

-1416-

Index to Financials

NEXT GALAXY CORP.

(A Development Stage Company)

(Formerly known as WILESS CONTROLS INC)

STATEMENTS OF STOCKHOLDERS EQUITY (DEFICIENCY)

~~Period~~For ofthe ~~inception~~years ~~(May~~ended ~~6, 2009) to~~ May 31, 2015 and 2014

Stockholders Deficiency

Stockholders Equity (Deficiency)	Shares		Common stock		Additional Paid in Capital		Accumulated Deficit			Total

May 31, 2013		64,700,659	$	647	$	1,027,161	$	(2,175,723	)	$	(1,147,915	)

Debt conversion into common shares		1,445,783		14		11,986					12,000

Net Loss		0		0		0		(364,539	)		(364,539	)

May 31, 2014		66,146,442	$	661	$	1,039,147	$	(2,540,262	)	$	(1,500,454	)

Shares issued for services		20,838,235		210		2,152,172					2,152,382

Shares issued for IP Asset Purchase		55,000,000		550		4,399,450					4,400,000

Related Party Debt conversion into common shares		14,761,533		148		1,707,183					1,707,331

Net Loss								(4,016,649	)		(4,016,649	)

May 31, 2015		156,746,210	$	1,569	$	9,297,952	$	(6,556,911	)	$	2,742,610

Stockholders Equity (Deficiency)	Shares		Common stock Authorized 100,000,000 Shares, Par value $0.00001		Additional Paid in Capital			Accumulated Deficit			Deficit Accumulated During Development Stage			Total
Period of inception (May 6, 2009)		-	$	-	$	-		$	-		$	-		$	-
Proceeds from the issuance of common stock		5,000,000		50		-			-			-			50
Offering costs						(15,000	)		-			-			(15,000	)
Net Loss		-		-		-			(294	)		-			(294	)
May 31, 2009		5,000,000		50		(15,000	)		(294	)		-			(15,244	)
Proceeds from the issuance of common stock		761,500		8		76,142			-			-			76,150
Offering costs						(12,155	)		-			-			(12,155	)
Net Loss		-		-		-			(31,512	)		-			(31,512	)
May 31, 2010		5,761,500		58		48,987			(31,806	)		-			17,239
Stock dividend		51,853,500		518					(518	)		-			-
Net Loss		-		-		-			(48,834	)		(269,433	)		(318,267	)
May 31, 2011		57,615,000		576		48,987			(81,158	)		(269,433	)		(301,028	)
Debt conversion into common shares		4,567,477		46		913,449									913,495
Net Loss		-		-		-			-			(1,105,116	)		(1,105116	)
May 31, 2012		62,182,477		622		962,436			(81,158	)		(1,374,549	)		(492,649	)
Debt conversion into common shares		2,518,182		25		64,725									64,750
Net Loss		0		0		0			0			(720,016	)		(720,016	)
May 31, 2013		64,700,659	$	647	$	1,027,161		$	(81,158	)	$	(2,094,565	)	$	(1,147,915	)
Debt conversion into common shares		1,445,783		14		11,986									12,000
Net Loss												(364,539	)		(364,539	)
May 31, 2014		66,146,442	$	661	$	1,039,147		$	(81,158	)	$	(2,459,104	)	$	(1,500,454	)

"See notes to financial statements"

-1517-

Index to Financials

NEXT GALAXY CORP.

(A Development Stage Company)

(Formerly known as WILESS CONTROLS INC)

STATEMENTS OF OPERATIONS

	Year ended May 31, 2014			Year ended May 31, 2013			Beginning of development stage (September 1st, 2010) to May 31, 2014
SALES	$	-		$	-		$	12,800
Cost of sales		-			-			17,845
Gross deficit		-			-			5,045
COSTS AND EXPENSES (INCOME):								-
Selling, general and administrative		250,597			381,639			1,235,266
Research and Development		33,735			178,230			477,841
Debt conversion inducement expense (income) (note 6)		-			(8,000	)		448,748
Changes in value of derivative liability		(141,706	)		(54,410	)		(196,116	)
Loss on Write-off of Inventory		21,740			-			21,740
Interest expense-related party		88,373			28,450			167,505
Interest expense		111,800			194,107			299,075
TOTAL COSTS AND EXPENSES		364,539			720,016			2,454,059
NET LOSS	$	(364,539	)	$	(720,016	)	$	(2, 459,104	)
Net Loss Per Share	$	(0.01	)	$	(0.02	)	$	(0.03	)
Average weighted Number of Shares		65,961,703			63,659,901			63,659,901

For the years ended May 31,

	2015			2014

Revenue		-			-

Operating Expenses :
General and administrative		2,670,422			4,990
Research and development		606,312			-
Total Operating Expenses		3,276,734			4,990

Loss from operations		(3,276,734	)		(4,990	)

Other Income/(Expenses)
Extinguishment of debt		(201,849	)		-
Changes in fair value of derivative liabilities		(464,071	)		141,706
Gain on Settlement of Debt		393,232			-
Interest related party		(6,901	)		(88,373	)
Interest		(415,653	)		(111,800	)
Total other Income/(Expenses)		(695,242	)		(58,467	)

Loss from continuing operations before provisions for income taxes		(3,971,976	)		(63,457	)
Provision for taxes		-			-

Loss from continuing operations		(3,971,976	)		(63,457	)
Net Loss from discontinued operations, net of taxes		(44,673	)		(301,082	)
Net Loss		(4,016,649	)		(364,539	)


Loss per common share - continuing operations		(0.03	)		(0.01	)
Loss per common share - discontinued operations		(0.00	)		(0.00	)
Loss per common share	$	(0.03	)	$	(0.01	)
Average weighted number of shares		144,720,170			65,961,703

"See notes to financial statements"

-1618-

Index to Financials

NEXT GALAXY CORP.

(A Development Stage Company)

(Formerly known as WILESS CONTROLS INC)

STATEMENTS OF CASH FLOWS

	Year ended May 31, 2014			Year ended May 31, 2013			Beginning of development stage (September 1st, 2010) to May 31, 2014
Cash Flow from Operating activities:
Net loss	$	(364,539	)	$	(720,016	)	$	(2, 459,104	)
Adjustment to reconcile net loss to net cash used in operating activities
Debt Conversion Inducement (Income)		-			(8,000	)		448,748
Interest expense related to derivatives		63,120			125,198			196,116
Gain on change in fair value of derivatives liability		(141,706	)		(54,410	)		(196,116	)
Changes in operating assets and liabilities:
Decrease in account receivable		-			7,000			600
Increase in inventories		-			(15,243	)		(21,740	)
Loss on Write-off of Inventories		21,740			-			21,740
Increase in prepaid expenses		-			1,540			-
Increase in accrued expenses and other current liabilities		281,365			187,070			729,164
Net cash used in operating activities	$	(140,020	)	$	(476,861	)	$	(1,280,592	)
Cash Flow from Financing activities:
Proceeds of notes payable stockholder		230,389			378,335			759,105
Proceeds of notes payable		(85,500	)		77,000			468,098
Net cash provided by financing activities	$	144,889		$	455,335		$	1,227,203
Increase (decrease) in cash		4,869			(21,526	)		(53,389	)
Cash- beginning of year		2,178			23,704			60,436
Cash - end of year	$	7,047		$	2,178		$	7,047
Supplemental Disclosure of Cash Flow information
Conversion of current liabilities to common stock	$	-		$	-		$	191,564
Conversion of notes payable to common stock	$	12,000		$	-		$	87,120
Debt discount in notes payable	$	(63,120	)	$	-		$	(63,120	)
Notes payable stockholders	$	(82,223	)	$	-		$	(82,223	)
Non cash component of debt conversion	$	-		$	(8,000	)	$	448,748

For the years ended May 31,

	2015			2014

Cash Flow from Operating activities:
Net loss	$	(4,016,649	)	$	(364,539	)

Adjustment to reconcile net loss to net cash used in operating activities
Gain on Settlement of Debt		(393,232	)
Extinguishment of debt		201,849			-
Loss on derivatives liability at market		464,071			(141,706	)
Non-cash interest		376,588			63,120
Shares issued for Consulting expense		582,073			-
Amortization prepaid expenses		203,274			-

Changes in operating assets and liabilities:

Loss on Write-off of Inventories		-			21,740
Increase in prepaid expenses		(62,500	)		-
Customer deposit		50,000			-
Increase in accrued expenses and other current liabilities		1,382,887			281,365

Net cash used in operating activities	$	(1,211,639	)	$	(140,020	)

Cash Flow from Financing activities:

Proceeds of notes payable stockholder		518,367			230,389
Proceeds of notes payable		729,000			(85,500	)

Net cash provided by financing activities	$	1,247,367		$	144,889

Increase in cash		35,728			4,869

Cash- beginning of year		7,047			2,178

Cash - end of year	$	42,775		$	7,047

Supplemental Disclosure of Cash Flow information
Conversion of current liabilities to common stock	$	364,546		$	-
Conversion of notes payable to common stock	$	-		$	12,000
Derivative liabilities recognized as Debt discount	$	410,952		$	(63,120	)
Conversion of notes payable stockholders to common stock	$	1,342,785		$	-
Stock issued for acquisition In Process Research & development and intangible asset	$	4,400,000

"See notes to financial statements"

-1719-

Index to Financials

NEXT GALAXY CORP.

(A Development Stage Company)

(Formerly known as WILESS CONTROLS INC)

NOTES TO FINANCIAL STATEMENTS

NOTE 1 – NATURE OF BUSINESS

The Company was incorporated under the laws of the State of Nevada on May 6, 2009. The Company's specific goal was to create a profitable service for placing Canadian citizens in accounting positions with Canadian corporations. On ~~August~~November 529, ~~2010~~2012, we changed our name to ~~iMetrik~~Wiless ~~M2M~~Controls ~~Solutions~~ Inc. toOn ~~reflect~~June ~~our~~23, ~~new~~2014, ~~business~~we ~~purpose~~changed the focus of ~~bringing~~our ~~solutions~~business from services to the ~~Machine~~machine-to-~~Machine~~machine market ~~(Machine-~~to~~-Machine~~ ~~(M2M)~~technology ~~refers~~solutions ~~to technologies~~ that ~~allow~~provide ~~both~~easy ~~wireless~~ and ~~wired~~convenient ~~systems~~tools toand ~~communicate~~resources ~~with~~for ~~other~~people ~~devices~~to ofmeet, ~~the~~communicate ~~same~~and ~~ability).~~connect ~~Initially~~through ~~the~~shared ~~Company~~interests, ~~wants~~events toand ~~cover~~activities ~~applications~~and ~~for~~on ~~fixed~~August ~~assets. On November 29~~19, ~~2012~~2014, we changed our name to ~~Wiless~~Next ~~Controls~~Galaxy ~~Inc~~Corp. OnOur ~~August~~shares ~~19,~~of ~~2014,~~common westock ~~changed~~are ~~our~~traded ~~name~~on tothe ~~Next~~OTCQB ~~Galaxy~~operated ~~Corp~~by the Financial Industry Regulatory Authority under the symbol "NXGA".

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

~~CASH~~Basis of Presentation

The accounting and reporting policies of the Company conform to accounting principles generally accepted in the United States of America (GAAP).

The Company is considered to be in the development stage as defined in ASC 915 "Development Stage Entities." The Company is devoting substantially all of its efforts to the development of its business plans. The Company has elected to adopt early application of Accounting Standards Update No. 2014-10, Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements; and does not present or disclose inception-to-date information and other remaining disclosure requirements of Topic 915.

CASH AND CASH EQUIVALENTS

The Company cash balances accounts at institution are insured by the Federal Deposit Insurance Corporation up to $250,000. The Company's accounts at these institutions may, at times, exceed the federally insured limits. The Company has not experienced any losses in such accounts.

We consider all short-term highly liquid investments with an original maturity at the date of purchase of three months or less to be cash equivalents.

DEVELOPMENT STAGE COMPANY

The Company was an active business from 2009 through August 31, 2010 and was involved in placing Canadian citizens in accounting positions with Canadian corporations. Commencing September 2010, the Company was looking for new business and commenced the Machine-to-Machine market (Machine-to-Machine (M2M) business solutions. The Company currently has operations and no revenues and, in accordance with the relevant authoritive guidance is considered a Development Stage Enterprise. As a development stage enterprise, the Company discloses the deficit accumulated during the development stage and the cumulative statements of operations and cash flows from September 1st, 2010 to the current balance sheet date.

FAIR VALUE MEASUREMENTS

The Company adopted the provisions of ASC Topic 820, "Fair Value Measurements and Disclosures", which defines fair value as used in numerous accounting pronouncements, establishes a framework for measuring fair value and expands disclosure of fair value measurements.

The estimated fair value of certain financial instruments, including cash and cash equivalents, ~~deposits,~~ prepaid expenses, notes payable, and accrued expenses are carried at historical cost basis, which approximates their fair values because of the short-term nature of these instruments.

MCASC 820 defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. MCASC 820 describes three levels of inputs that may be used to measure fair value:

* level l -~~18-~~ quoted prices in active markets for Identical assets or liabilities

* level 2 - quoted prices for similar assets and liabilities in active markets or inputs that are observable

* level 3 - inputs that are unobservable (for example cash flow modeling inputs based on assumptions)

The derivative liability in connection with the conversion feature of the convertible debt, classified as a level 3 liability, is the only financial liability measured at fair value on a recurring basis.

The change in the level 3 financial instrument is as follows:

Balance May 31, 2014	$	-
Issued during the year ended		703,944
Converted during the year		-
Change in fair value recognized in operations		464,071

Balance May 31, 2015		1,168,015

-20-

Index to Financials

-The ~~level~~estimated lfair -value ~~quoted~~of ~~prices~~the inderivative ~~active~~instruments ~~markets~~were ~~for~~valued ~~Identical~~using ~~assets~~the ~~or liabilities~~ Black-Scholes ~~level~~option 2pricing -model, ~~quoted~~using ~~prices~~the ~~for~~following ~~similar~~assumptions ~~assets~~at ~~and~~December ~~liabilities~~31, ~~in active markets or inputs that are observable - level 3 - inputs that are unobservable (for example cash flow modeling inputs based on assumptions)~~2014:

The Company's derivative liability, classified as a level 3 liability, is the only financial liability measured at fair value on a recurring basis.

Estimated Dividends	None
Expected Volatility		290	%
Risk free interest rate	0.10% to 0.14		%
Expected term	0.36 to 2 years

~~DERIVATIVE~~CONVERTIBLE ~~LIABILITIES~~INSTRUMENTS

~~Our~~The ~~derivative~~Company ~~financial~~evaluates ~~instruments consist of embedded derivatives related to the convertible debt, warrants~~ and ~~beneficial~~account for conversion ~~features~~options embedded ~~within~~in ~~our~~ convertible ~~debt. The accounting treatment of derivative financial~~ instruments ~~requires~~in ~~that~~accordance wewith ~~record~~ASC ~~the~~815 ~~derivatives~~"Derivatives and ~~related~~Hedging ~~warrants at their fair values as of the inception date of the debt agreements and at fair value as of each subsequent balance sheet date~~Activities". Any change in fair value was recorded as non-operating, non-cash income or expense at each balance sheet date. If the fair value of the derivatives was higher at the subsequent balance sheet date, we recorded a non-operating, non-cash charge. If the fair value of the derivatives was lower at the subsequent balance sheet date, we recorded non-operating, non-cash income.

~~INVENTORIES~~Applicable GAAP requires companies to bifurcate conversion options from their host instruments and account for them as free standing derivative financial instruments according to certain criteria. The criteria include circumstances in which (a) the economic characteristics and risks of the embedded derivative instrument are not clearly and closely related to the economic characteristics and risks of the host contract, (b) the hybrid instrument that embodies both the embedded derivative instrument and the host contract is not re-measured at fair value under other GAAP with changes in fair value reported in earnings as they occur and (c) a separate instrument with the same terms as the embedded derivative instrument would be considered a derivative instrument.

~~Inventories~~The ~~consisting~~Company ofaccounts ~~electronic~~for ~~parts~~convertible ~~and~~instruments ~~components~~(when ~~are~~we ~~stated~~have atdetermined that the ~~lower~~embedded ofconversion ~~cost~~options orshould ~~market.~~not ~~The~~be ~~cost~~bifurcated offrom ~~work~~their inhost ~~process~~instruments) ~~and~~as ~~finished~~follows: ~~goods~~We ~~includes~~record ~~materials,~~when ~~direct labor~~necessary, ~~variable~~discounts ~~costs~~to ~~and~~convertible ~~overhead~~notes ~~and~~for ~~full~~the ~~absorption~~intrinsic value of ~~fixed~~conversion ~~manufacturing~~options ~~overhead. The~~embedded ~~company~~in ~~periodically~~debt ~~reviews~~instruments based upon the differences between the fair value of ~~items~~the inunderlying ~~inventory~~common ~~and~~stock ~~provides~~at ~~write-downs~~the orcommitment ~~write-offs~~date of ~~inventory~~the ~~based~~note ontransaction ~~its~~and ~~assessment~~the effective conversion price embedded in the note. Debt discounts under these arrangements are amortized over the term of ~~market~~the ~~conditions~~related debt to their stated date of redemption. In Any excess of the ~~current~~derivative ~~quarter,~~instrument over the ~~company~~face ~~experienced~~value ~~total~~of ~~write-offs~~the note is recorded as interest expense upon inception of the note. The Company recorded $21141,~~740~~348 as interest expense upon the issuance of the notes referred to in Note 6.

~~INCOME~~The ~~TAXES~~Company accounts for the conversion of convertible debt when a conversion option has been bifurcated using the general extinguishment standards. The debt and equity linked derivatives are removed at their carrying amounts and the shares issued are measured at their then-current fair value, with any difference recorded as a gain or loss on extinguishment of the two separate accounting liabilities.

The derivative financial instruments consist of embedded derivatives related to features embedded within our convertible debt. The accounting treatment of derivative financial instruments requires that we record the derivatives at their fair values as of the inception date of the debt agreements and at fair value as of each subsequent balance sheet date. Any change in fair value was recorded as non-operating, non-cash income or expense at each balance sheet date.

INCOME TAXES

The Company uses the asset and liability method of accounting for income taxes in accordance with ASC Topic 740, "Income Taxes." Under this method, income tax expense is recognized for the amount of: (i) taxes payable or refundable for the current year and (ii) deferred tax consequences of temporary differences resulting from matters that have been recognized in an entity's financial statements or tax returns. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the results of operations in the period that includes the enactment date. A valuation allowance is provided to reduce the deferred tax assets reported if based on the weight of the available positive and negative evidence, it is more likely than not some portion or all of the deferred tax assets will not be realized.

ASC Topic 740.10.30 clarifies the accounting for uncertainty in income taxes recognized in an enterprise's financial statements and prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. ASC Topic 740.10.40 provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition. We have no material uncertain tax positions for any of the reporting periods presented.

USE OF ESTIMATES

The preparation of the financial statements in conformity with Generally Accepted Accounting Principles ("GAAP") 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 dates of the financial statements and the reported amounts of revenue and expenses during the reporting periods. Actual results could differ from those estimates. These estimates and assumptions include derivative financial instruments issued in financing transactions, the collectability of accounts receivable and deferred taxes and related valuation allowances. We re-evaluate all of our accounting estimates at least quarterly based on these conditions and record adjustments when necessary.

-19-

Index to Financials

LOSS PER COMMON SHARE

The basic net loss per common share is computed by dividing the net loss by the weighted average number of common shares outstanding.

Diluted net loss per common share is computed by dividing the net loss, adjusted on an "as if converted" basis, by the weighted average number of common shares outstanding plus potential dilutive securities.

STOCK BASED COMPENSATION

The Company accounts for stock options and similar equity instruments issued in accordance with ASC 718. Accordingly, compensation costs attributable to stock options or similar equity instruments granted are measured at the fair value at the grant date, and expensed over the expected vesting period. Transactions in which goods or services are received in exchange for the issuance of equity instruments are accounted for based on the fair value of the consideration received or the fair value of the equity instruments issued, whichever is more reliably measurable. ASC 718 requires excess tax benefits be reported as a financing cash inflow rather than as a reduction of taxes paid.

-21-

Index to Financials

ORGANIZATIONAL COSTS

Organizational costs, which relate to the Company start-up organization, are expenses as incurred. Such costs are included in selling, general and administrative costs.

RESEARCH AND DEVELOPMENT

Research and development costs are charged to expense as incurred.

ACQUIRED IN-PROCESS RESEARCH AND DEVELOPMENT

Acquired in-process research and development ("IPR&D") that the Company acquired represents the fair value assigned to incomplete research projects which, at the time of acquisition, have not reached technological feasibility. The amounts are capitalized and are accounted for as indefinite-lived intangible assets, subject to impairment testing until completion or abandonment of the projects. Upon successful completion of each project, the Company will make a determination as to the then useful life of the intangible asset, generally determined by the period in which the substantial majority of the cash flows are expected to be generated, and begin amortization. The Company tests IPR&D for impairment at least annually, or more frequently if impairment indicators exist, by first assessing qualitative factors to determine whether it is more likely than not that the fair value of the IPR&D intangible asset is less than its carrying amount. If the Company concludes it is more likely than not that the fair value is less than the carrying amount, a quantitative test that compares the fair value of the IPR&D intangible asset with its carrying value is performed. If the fair value is less than the carrying amount, an impairment loss is recognized in operating results.

ACQUIRED INTANGIBLES

Acquired intangibles include tradenames and trademarks, which are recorded at fair value, assigned an estimated useful life, and are amortized on a straight-line basis over their estimated useful lives. The Company periodically evaluates whether current facts or circumstances indicate that the carrying values of its acquired intangibles may not be recoverable. If such circumstances are determined to exist, an estimate of the undiscounted future cash flows of these assets, or appropriate asset groupings, is compared to the carrying value to determine whether impairment exists. If the asset is determined to be impaired, the loss is measured based on the difference between the carrying value of the intangible asset and its fair value, which is determined based on the net present value of estimated future cash flows.

NEW ACCOUNTING PRONOUNCEMENTS

From time to time, new accounting pronouncements are issued by the Financial Accounting Standards Board or other standard setting bodies that may have an impact on the Company's accounting and reporting. The Company believes that such recently issued accounting pronouncements and other authoritative guidance for which the effective date is in the future either will not have an impact on its accounting or reporting or that such impact will not be material to its financial position, results of operations and cash flows when implemented.

In June 2014, FASB issued guidance that eliminates the definition of a development stage entity thereby removing the incremental financial reporting requirements from U.S. GAAP for development stage entities, primarily the presentation of inception to date financial statements. The new guidance is effective for interim and annual reporting periods beginning after December 15, 2014. Early adoption is permitted. The Company elected to adopt the new guidance for development stage entities for the interim period ended June 30, 2014, and accordingly, is no longer presenting the inception-to-date financial information and disclosures formerly required.

In August 2014, FASB issued guidance that requires management to evaluate whether there are conditions or events that raise substantial doubt about the entity's ability to continue as a going concern, and to provide certain disclosures when it is probable that the entity will be unable to meet its obligations as they become due within one year after the date that the financial statements are issued. The new guidance is effective for the annual period ending after December 15, 2016, and interim periods thereafter, with early adoption permitted. Since this guidance primarily

-22-

Index to Financials

addresses certain disclosures to the financial statements, we anticipate no impact on our financial position, results of operations or cash flows from adopting this standard. The Company is currently in the process of evaluating the additional disclosure requirements of the new guidance and has not determined the impact of adoption on its financial statement disclosures.

NOTE 3 – GOING CONCERN

The Company's financial statements have been prepared on a going concern basis, which contemplates the realization of assets and settlement of liabilities and commitments in the normal course of business. The Company reported net loss of $~~364~~3,~~539~~971,976 from continuing operations for the year ended May 31, ~~2014~~2015 and $~~720~~63,~~016~~457 for the year ended May 31, ~~2013~~2014. The Company had no revenue for the years ended May 31, ~~2014~~2015 and ~~2013~~2014.The Company also has a negative working capital of $1,~~500~~621,~~454~~209 ~~and a stockholders deficiency of $1,500,454~~ at May 31, ~~2014~~2015. These factors among others raise substantial doubt about the Company's ability to continue as a going concern.

Management's plans for the Company's continued existence include selling additional stock and borrowing additional funds to pay overhead expenses.

The Company's future success is dependent upon its ability to achieve profitable operations, generate cash from operating activities and obtain additional financing. There is no assurance that the Company will be able to generate sufficient cash from operations, sell additional shares of common stock or borrow additional funds.

The Company's inability to obtain additional cash could have a material adverse effect on its financial position, results of operations and its ability to continue in existence. The consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.

~~-20-~~NOTE 4 – ASSET PURCHASE AND INTANGIBLE ASSET

On June 23, 2014, the Company entered into a IP Asset Purchase Agreement (the "Purchase Agreement"), with Mary Spio, pursuant to which the Company agreed to purchase certain patents owned and invented by Mrs. Spio (the "Purchased Assets"). Under the terms of the Purchase Agreement and in consideration for the acquisition of the Purchased assets, the Company issued to Mrs. Spio an aggregate of 55,000,000 common shares of the Company. The company accounted for the acquisition in accordance with ASC 805-50-15 as an acquisition of assets rather than a business. The fair value of the assets acquired was based on their relative fair market values on the acquisition date as determined by an appraisal obtained by the Company.

Assets acquired:

Patent # 1; Topic search based method and apparatus for facilitating social contact in a network of users

Patent # 2; watermarking of biometrically authenticated subjects for social networks

CEEK Intellectual Property; CEEK Blended Live Events Entertainment Platform (VR/AR/Realife)

Next Galaxy Media; property and other proprietary rights relating to the project identified as Next Galaxy Media and all activities and developments related.

-23-

Index to Financials

NOTE 45 – ACCRUED EXPENSES AND ~~SUNDRY~~OTHER CURRENT LIABILITIES

Accrued expenses consisted of the following at May 31:

	2014		2013
	2015		2014
Accrued interest	$	-27,276	$	~~24,021~~-
Accrued interest related party		162,698		52,205
Accrued compensation		96,000		24,000
Accrued compensation		24,000		24,000
Accrued operating expenses		188,155		296,431
Accrued operating expenses		296,431		183,760
	$	311,431	$	320,431
	$	483,129	$	283,986

NOTE 56 – NOTES PAYABLE

~~During~~In 2014, the ~~year~~Company ~~ended~~received ~~May~~a ~~31,~~loan ~~2013,~~from ~~the~~Bindor ~~Company~~LLC ~~received~~in the ~~proceeds~~amount of ~~various~~$50,000, ~~loans~~ which ~~are~~is ~~convertible~~outstanding ~~into~~at ~~shares~~May of31, ~~the~~2015. ~~Company's~~The ~~common~~loan ~~stock~~bears interest at ~~a discount of 50~~18% ofand ~~the~~is ~~market~~payable ~~price~~on ofOctober ~~the~~24, ~~common~~2015 ~~shares~~or ofin the ~~Company~~event at the ~~time~~Company ofgets ~~conversion~~an ~~and~~equity ~~bear~~financing ~~interest~~that atresults 8%in ~~per~~gross ~~annum. The~~proceeds ~~amounts~~of ~~received~~at ~~during~~least ~~the year ended May 31, 2013 were~~ $~~147~~1,~~500~~000,000.

~~The~~In ~~convertible feature of these loans~~2015, ~~due to their potential settlement in an indeterminable number of shares of~~ the Company's ~~common~~received ~~stock has been identified as~~ a ~~derivative. The~~loan ~~derivative~~from ~~component~~Steel isPartners, ~~fair~~LLC ~~valued~~in at the ~~date~~amount of ~~issuance~~$200,000, ofwhich ~~the obligation and this amount~~ is ~~allocated~~outstanding ~~between~~at ~~the~~May ~~derivative~~31, ~~and the underlying obligation~~2015. The ~~difference~~loan isbears ~~recorded~~interest asat a10% ~~debt discount~~ and ~~amortized~~is ~~over~~payable ~~the~~on ~~life~~February of25, ~~the debt~~2016.

~~During~~NOTE ~~these~~7 ~~same~~– ~~periods,~~NOTES ~~convertible~~PAYABLE ~~debts~~CONVERTIBLE were converted into common shares of the Company. During the period ended May 31, 2014 and the year ended May 31, 2013, total loan conversions of $12,000 and $12,000 were made into 1,445,783 and 1,818,182 shares respectively.NOTES

OnDuring ~~March~~the 3year ended May 31, ~~2014~~2015, the Company ~~paid~~received ~~$135,000~~the ~~for~~proceeds of loans ~~from~~which ~~Asher~~some ~~Enterprises~~are ~~Inc.~~convertible inat amount lesser of 60% to 70% of the ~~amount~~lowest trading price of ~~$85~~20 to 25 preceding days of the common shares of the Company at the time of conversion and a fixed price,~~500~~ and one is at market price. The ~~difference~~loans bear interest at 8% to 12% per annum. The convertible notes become due between ~~the~~October 2015 and April 2016. The amount ~~paid~~received ~~and~~during the ~~outstanding~~year ~~balance~~ended ~~resulted~~May in31, an2015 ~~interest~~and ~~expense~~2014 ofare $49562,~~500~~596 and $0, respectively.

A summary of the amounts outstanding as of May 31, 2014 and May 31, 2013 is as follows:

	Loans
	2015		Maturity

Convertible Note 1		170,000		November 2015
Convertible Note 4		105,000		October 2015
Convertible Note 3		84,263		April 2016
Convertible Note 2		93,333		April 2017
Convertible Note 5		110,000		April 2017
	$	562,596	$

	Loans		Debt discount		Balance		Balance
	2014		2014		May 31, 2014		May 31, 2013
Asher Enterprises Inc	$	-	$	-	$	-	$	97,500

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NOTE 6 – NOTES PAYABLE – STOCKHOLDERS'

In 2014, the Company received additional loans from Michel St-Pierre in the amount of $20,049. At May 31, 2014, the loans amounted to $386,512. These loans carry an interest of 10% and are payable on demand.

In 2014, the Company received additional loans from Capex Investments Limited, a shareholder, in the amount of $192,000. In 2013, the Company received additional loans from Capex Investments Limited, a shareholder, in the amount of $118,615. The amount owed to Capex Investments Limited at May 31, 2014 is $428,780. These loans carry an interest of 10% and are payable on demand.

In 2014, the Company has not received any loans from DT Crystal. In 2013, the Company received loans from DT Crystal in the amount of $44,940. The amount owed to DT Crystal May 31, 2014 is $44,940. These loans carry an interest of 10% and are payable on demand.

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Index to Financials

AThe ~~summary~~convertible feature of these loans, due to their potential settlement in an indeterminable number of shares of the ~~amounts~~Company's ~~outstanding~~common stock has been identified as a derivative. The derivative component is fair value at the date of ~~May~~issuance ~~31,~~of ~~2014~~the obligation and ~~2013~~this amount is allocated between the derivative and the underlying obligation. The difference is recorded as ~~follows:~~a debt discount and amortized over the life of the debt.

	Balance May 31,		Balance May 31,
	2014		2013
Michel St-Pierre	$	386,512	$	366,463
Stockholder		164,140		63,578
Capex Investments Limited		428,780		236,780
DT Crystal		44,940		44,940
	$	1,024,372	$	711,761

The Company has determined that the conversion feature embedded in the notes constitutes a derivative and has been bifurcated from the note and recorded as a derivative liability, with a corresponding discount recorded to the associated debt, on the accompanying balance sheet, and revalued to fair market value at each reporting period.

~~NOTE~~A 7summary –of ~~DERIVATIVE~~the ~~LIABILITIES~~amounts outstanding is as follows:

During the years ended May 31, 2014 and 2013, the Company recorded various derivative liabilities associated with the convertible debts discussed in Note 6. The Company computes the value of the derivative liability at the issuance of the related obligation using the Black Scholes Method using a risk free rate of 0.14%, volatility rates ranging between 151.00% and 311.00% and a forfeiture rate of 0.00%. The derivative liability at December 31, 2014 and 2013 is as follows:

	Loans		Debt discount		Balance May 31,		Balance May 31,
	2015		2015		2015		2014

Convertible note 1		170,000		80,758		89,242		-
Convertible note 2		93,333		69,900		23,433		-
Convertible note 3		84,263		72,190		12,073		-
Convertible note 4		105,000		90,582		14,418		-
Convertible note 5		110,000		97,522		12,748		-
	$	562,596	$	410,952	$	151,644	$	-

NOTE 8 – NOTES PAYABLE – STOCKHOLDERS'

	2014		2013
Asher Enterprises Inc	$	-	$	141,106
Asher Enterprises Inc	$	-	$	141,106

In 2015, the Company received additional loans from Michel St-Pierre in the amount of $38,935. During the three month period ending August 31, 2014, Michel St-Pierre converted his loans balance of $386,512 into 3,734,581 common shares of Next Galaxy Corp. At May 31, 2015, the loans amounted to $11,515. These loans carry an interest of 10% and are payable on demand.

~~NOTE~~During 8the –three ~~CAPITAL~~month ~~STOCK~~period ending August 31, 2014, a stockholder converted his loans balance of $164,140 into 1,585,969 common shares of Next Galaxy Corp. The amount owed to stockholder May 31, 2015 is $4. These loans carry an interest of 10% and are payable on demand.

~~The~~In ~~company~~2014, isthe ~~authorized~~Company toreceived ~~issue~~additional ~~500~~loans from Capex Investments Limited,~~000~~ a shareholder,~~000~~ ~~shares~~in the amount of ~~common~~$285,150. ~~stock~~During ~~(par~~the ~~value~~three month period ending November 30, 2014, Capex Investments Limited converted $0418,414 of his loans balance into 4,257,974 common shares of Next Galaxy Corp.~~00001)~~ During the three month period ending August 31, 2014, Capex Investments Limited converted $328,780 of ~~which~~his 66loans balance into 3,~~146~~176,~~442~~761 ~~were~~common ~~issued~~shares of Next Galaxy Corp. In 2014, the Company has entered into an agreement with Capex Investment Limited where Capex Investment took charge of all the assets and ~~outstanding~~liabilities asrelated to services to the machine-to-machine business and granted a reduction of $100,000 of the loans owed to Capex Investment. In 2015, the Company received additional loans from Capex Investments Limited, a shareholder, in the amount of $221,698. The amount owed to Capex Investments Limited at May 31, ~~2014~~2015 is $88,434. These loans carry an interest of 10% and are payable on demand.

OnThe ~~July~~Company ~~17,~~has ~~2013~~not ~~Asher~~received ~~Enterprises~~any ~~Inc~~loans from DT Crystal in 2015. During the three month period ending August 31, 2014, DT Crystal converted his loans balance of $1244,~~000~~940 into 1434,~~445,783~~224 common shares of ~~the~~Next ~~Company~~Galaxy Corp. The ~~fair~~amount ~~value~~owed ofto ~~the~~DT ~~shares~~Crystal ~~was~~May ~~equal~~31, to2015 is $0.~~0083~~ ~~per~~These ~~share~~loans ~~and~~carry ~~the~~an ~~market~~interest ~~price~~of ~~was~~10% $0and are payable on demand.~~016.~~

~~NOTE~~A 9summary –of ~~INCOME~~the ~~TAXES~~amounts outstanding is as follows:

The Company recognizes deferred income tax liabilities and assets for the expected future tax consequences of events that have been recognized in the financial statements or tax returns. Under this method, deferred tax liabilities and assets are determined based on the differences between the financial statement carrying amounts and the tax basis of assets and liabilities using enacted tax rates in effect in the years in which the differences are expected to reverse. Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial statement and income tax purposes under enacted tax laws and rates.

	Balance May 31,		Balance May 31,
	2015		2014
Michel St-Pierre	$	11,519	$	386,512
Stockholder		-		164,140
Capex Investments Limited		88,434		428,780
DT Crystal		-		44,940

	$	99,953	$	1,024,372

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Index to Financials

NOTE 9 – CAPITAL STOCK

The company is authorized to issue 500,000,000 shares of common stock (par value $0.00001) of which 156,746,210 were issued and outstanding as of May 31, 2015.

During the year 2015, the Company issued 20,838,235 for services, 14,761,533 for debt conversion into shares and 55,000,000 for IP asset purchase.

NOTE 10 – INCOME TAXES

The tax effects of temporary differences that give rise to deferred tax assets are presented below:

	May 31			May 31,
	2014			2013
	2015			2014
Statutory tax rate (including state tax)		40.0	%		40.0	%
Valuation allowance		(40.0	%)		(40.0	%)
Change in Valuation allowance		(40.0	%)		(40.0	%)
Income tax provision		0	%		0	%

Components of the Company's deferred tax ~~liabilities and~~ assets are as follows:

	May 31			May 31,
	2014			2013
	2015			2014
Deferred tax asset	$	1,015,897		$	870,082
Net operating loss carry forward	$	2,604,688		$	1,015,897
Valuation allowance		(12,~~015~~604,~~897~~688	)		(~~870~~1,~~082~~015,897	)
Deferred tax asset net of valuation allowance	$	-		$	-

~~NOTE~~The 10Company –has ~~RELATED~~approximately ~~PARTY~~$6,500,000 ~~TRANSACTIONS~~of net operating losses ("NOL") carried forward to offset taxable income, if any, in future years which expire commencing in fiscal 2028. In assessing the realization of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income and tax planning strategies in making this assessment. Based on the assessment, management has established a full valuation allowance against all of the deferred tax asset relating to NOLs for every period because it is more likely than not that all of the deferred tax asset will not be realized.

~~See Note 5 regarding Notes Payable to related parties.~~-26-

~~NOTE~~Index 11to ~~– SUBSEQUENT EVENTS~~Financials

OnNOTE ~~June~~11 ~~19,~~– ~~2014,~~RELATED wePARTY entered into an IP Asset Purchase Agreement (the "Agreement") with Mary Spio ("Spio") to acquire certain assets (the "IP Assets") owned by her in consideration of 50,000,000 restricted shares of our common stock. The IP Assets are used in developing a method and apparatus for facilitating social contact in a network of users.TRANSACTIONS

Accrued expenses-~~23-~~ Related party consists of Accrued compensation. An amount of $192,000 and 96,000 was expensed during the year ended May 31, 2015 and 2014, respectively.

See Note 8 regarding Notes Payable to related parties.

NOTE 12 – DISCONTINUED OPERATIONS (MACHINE-TO-MACHINE BUSINESS)

Effective February 28, 2015, after its change in focus of its business, the Company decided to end its machine-to-machine business. All expenses, which were substantially all general and administrative expenses, related to this business have been classified as loss from discontinued operations on the accompanying statement of operations for the year ended May 31, 2014, which amounted to $301,082, and $44,673 for the year ended May 31, 2015.

NOTE 13 – SUBSEQUENT EVENTS

Management evaluated all activity of the Company through the date of the Financial Statements were available to be issued and noted there were no material subsequent events which require recognition or disclosure as of that date.

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ITEM 9.

CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE.

There have been no disagreements on accounting and financial disclosures from the inception of our company through the date of this Form 10-K. Our financial statements for the period from inception to May 31, ~~2014~~2015, included in this report have been audited by Paritz & Company, PA, as set forth in this annual report.

ITEM 9A.

CONTROLS AND PROCEDURES.

Limitations on the Effectiveness of Controls

Our management, including our CEO and CFO, does not expect that our Disclosure Controls and internal controls will prevent all errors and all fraud. A control system, no matter how well conceived and operated, can provide only reasonable, not absolute, assurance that the objectives of the control system are met. Further, the design of a control system must reflect the fact that there are resource constraints, and the benefits of controls must be considered relative to their costs. Because of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, within the Company have been detected. These inherent limitations include the realities that judgments in decision-making can be faulty, and that breakdowns can occur because of a simple error or mistake. Additionally, controls can be circumvented by the individual acts of some persons, by collusion of two or more people, or by management or board override of the control.

The design of any system of controls also is based in part upon certain assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions; over time, controls may become inadequate because of changes in conditions, or the degree of compliance with the policies or procedures may deteriorate. Because of the inherent limitations in a cost-effective control system, misstatements due to error or fraud may occur and not be detected.

Management's Report on Internal Control over Financial Reporting

Our management is responsible for establishing and maintaining adequate internal control over financial reporting. Internal control over financial reporting is defined in Rule 13a-15(f) or 15d-15(f) promulgated under the Securities Exchange Act of 1934 as a process designed by, or under the supervision of, the company's principal executive and principal financial officers and effected by the company's board of directors, management and other personnel, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with accounting principles generally accepted in the United States of America.

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 preparation and presentation. Because of the inherent limitations of internal control, there is a risk that material misstatements may not be prevented or detected on a timely basis by internal control over financial reporting. However, these inherent limitations are known features of the financial reporting process. Therefore, it is possible to design into the process safeguards to reduce, though not eliminate, this risk.

As of May 31, ~~2014~~2015, management assessed the effectiveness of our internal control over financial reporting based on the criteria for effective internal control over financial reporting established in Internal Control-Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission ("COSO") and SEC guidance on conducting such assessments. Based on that evaluation, they concluded that, during the period covered by this report, such internal controls and procedures were not effective to detect the inappropriate application of US GAAP rules as more fully described below. This was due to deficiencies that existed in the design or operation of our internal controls over financial reporting that adversely affected our internal controls and that may be considered to be material weaknesses. The matter involving internal controls and procedures that our

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management considered to be a material weakness under the standards of the Public Company Accounting Oversight Board was the lack of a functioning audit committee, resulting in ineffective oversight in the establishment and monitoring of required internal controls and procedures. The aforementioned material weaknesses were identified by our management in connection with the review of our financial statements for the year ended May 31, ~~2014~~2015.

Management believes that the material weakness set forth above did not have an effect on our financial results. However, management believes that the lack of a functioning audit committee and the lack of a majority of outside directors on our board of directors results in ineffective oversight in the establishment and monitoring of required internal controls and procedures, which could result in a material misstatement in our financial statements in future periods.

This annual report does not include an attestation report of our registered public accounting firm regarding internal control over financial reporting. Management's report was not subject to attestation by our registered public accounting firm pursuant to temporary rules of the SEC that permit us to provide only the management's report in this annual report.

Pertain to the maintenance of records that in reasonable detail accurately and fairly reflect the transactions and dispositions of the assets of the company;

Provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with accounting principles generally accepted in the United States of America and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and

CEO and CFO Certifications

Appearing immediately following the Signatures section of this report there are Certifications of the CEO and the CFO. The Certifications are required in accordance with Section 302 of the Sarbanes-Oxley Act of 2002 (the Section 302 Certifications). This Item of this report, which you are currently reading is the information concerning the Evaluation referred to in the Section 302 Certifications and this information should be read in conjunction with the Section 302 Certifications for a more complete understanding of the topics presented.

Changes in Internal Controls

There were no changes in our internal control over financial reporting during the ~~fourth~~year ~~fiscal quarter~~ ended May 31, ~~2014~~2015 that have affected, or are reasonably likely to affect, our internal control over financial reporting.

ITEM 9B.

OTHER INFORMATION.

~~On June 1, 2014, Jonathan Barratt resigned as our Chief Technical Officer, we failed to file a Form 8-K announcing said resignation~~None.

PART III

ITEM 10.

DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE.

The following table presents information with respect to our officers, directors and significant employees as of the date of this Report:

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Name	Age	Position
Mary Spio	4142	~~president~~President, principal executive officer and director
6525 Collins Ave
Miami Beach, Florida 33141
Michel St-Pierre	5253	~~principal~~Principal accounting officer, principal financial officer
941 de Calais Street		secretary, treasurer and director
Mont St-Hilaire, Quebec, Canada, J3H 4T7
Laurie Clark	3556	~~chief~~Chief operating officer and director
1680 Michigan Avenue, Suite 700
Miami Beach, Florida 33139

Each director serves until our next annual meeting of the stockholders or unless they resign earlier. The Board of Directors elects officers and their terms of office are at the discretion of the Board of Directors.

Each of our directors serves until his or her successor is elected and qualified. Each of our officers is elected by the board of directors to a term of one (1) year and serves until his or her successor is duly elected and qualified, or until he or she is removed from office. At the present time, members of the board of directors are not compensated for their services to the board.

Biographical Information Regarding Officers and Directors

Mary Spio, President, Principal Executive Officer and Director

On July 14, 2014, Mary Spio as President and Chairman of the Board. Since June 19, 2014, Mary Spio has been our president, principal executive officer and a member of our board of directors. Since September 2010, Mrs. Spio has founded and served as president of Next Galaxy Media, where she developed innovative content, campaigns and technology solutions for customers including Microsoft XBOX, Coca Cola, Suncoast Motion Pictures, FYE Stores, Toyota Scion and over 200 radio stations online TV. She created key benchmarks for all campaign metrics to establish formulas to pinpoint ROI. From 2004 to 2010, Mrs. Spio has founded Gen2Media Corp., now Vidaroo Corp., where she served as President and CEO. She launched and sold Vidaroo's online video software solution and services to Media-Buying Agencies, Brands, Music Labels, Movie Studios, Media Companies and Web Publishers Customer and developed and implemented marketing programs and initiatives to grow awareness and presence of Vidaroo's Network.

Michel St-Pierre, Principal Accounting Officer, Principal Financial Officer, Secretary, Treasurer and Director

Mr. St-Pierre has served as president, principal executive officer, principal accounting officer, principal financial officer, secretary, treasurer and sole member of the board of directors since our inception on May 6, 2009. On July 14, 2014, Mr. St-Pierre resigned as our president and principal executive officer. Mr. St-Pierre is a registered chartered accountant in Quebec, Canada. Before working for the Company, Mr. St-Pierre has served as an officer of the Ecolocap Solutions since July 2006. Mr. St-Pierre has served as Chief Financial Officer of a public shell company, Tiger Renewable Energy Limited (formerly known as Tiger Ethanol International Inc. and Arch Management) since January, 2007 and held positions as the Finance Director (comparable to Corporate Treasurer) at SPB Canada Inc. from 2004-2006, Symbior Technologies Inc. from 2003-2004.

Laurie Clark, Chief Operating Officer and Director

On July 14, 2014, Laurie Clark as Director and Chief Operating Officer. She has worked with all areas of the retail supply chain, and has had direct responsibility for all retail merchandising and marketing processes at numerous major retailers including key roles as Staples - Senior Vice President, Trans World Entertainment - Executive Vice President and Musicland Group.

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Compliance With Section 16(a) of the Securities Exchange Act of 1934

Section 16(a) of the Securities Exchange Act of 1934 requires our executive officers and directors, and persons who beneficially own more than 10% of our equity securities, to file reports of ownership and changes in ownership with the Securities and Exchange Commission. Officers, directors and greater than 10% shareholders are required by SEC regulation to furnish the Company with copies of all Section 16(a) forms they file. Based on our review of the copies of such forms we received, we believe that during the fiscal year ended May 31, 2014, all reports were filed.

Conflicts of Interest

There are no conflicts of interest. Further, we have not established any policies to deal with possible future conflicts of interest.

Audit Committee Financial Expert

We do not have an audit committee financial expert. We do not have an audit committee financial expert because we believe the cost related to retaining a financial expert at this time is prohibitive. Further, because we are only beginning our commercial operations, at the present time, we believe the services of a financial expert are not warranted.

Involvement in Certain Legal Proceedings

During the past ten years, Mrs. Spio, Mr. St-Pierre and Mrs. Clark have not been the subject of the following events

A petition under the Federal bankruptcy laws or any state insolvency law was filed by or against, or a receiver, fiscal agent or similar officer was appointed by a court for the business or property of such person, or any partnership in which he was a general partner at or within two years before the time of such filing, or any corporation or business association of which he was an executive officer at or within two years before the time of such filing;

2.	Convicted in a criminal proceeding or is a named subject of a pending criminal proceeding (excluding traffic violations and other minor offenses);

3.	The subject of any order, judgment, or decree, not subsequently reversed, suspended or vacated, of any court of competent jurisdiction, permanently or temporarily enjoining him from, or otherwise limiting, the following activities;

Acting as a futures commission merchant, introducing broker, commodity trading advisor, commodity pool operator, floor broker, leverage transaction merchant, any other person regulated by the Commodity Futures Trading Commission, or an associated person of any of the foregoing, or as an investment adviser, underwriter, broker or dealer in securities, or as an affiliated person, director or employee of any investment company, bank, savings and loan association or insurance company, or engaging in or continuing any conduct or practice in connection with such activity;

ii)

Engaging in any type of business practice; or

iii)

Engaging in any activity in connection with the purchase or sale of any security or commodity or in connection with any violation of Federal or State securities laws or Federal commodities laws;

The subject of any order, judgment or decree, not subsequently reversed, suspended or vacated, of any Federal or State authority barring, suspending or otherwise limiting for more than 60 days the right of such person to engage in any activity described in paragraph 3.i in the preceding paragraph or to be associated with persons engaged in any such activity;

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5.	Was found by a court of competent jurisdiction in a civil action or by the Commission to have violated any Federal or State securities law, and the judgment in such civil action or finding by the Commission has not been subsequently reversed, suspended, or vacated;

Was found by a court of competent jurisdiction in a civil action or by the Commodity Futures Trading Commission to have violated any Federal commodities law, and the judgment in such civil action or finding by the Commodity Futures Trading Commission has not been subsequently reversed, suspended or vacated;

7.	Was the subject of, or a party to, any Federal or State judicial or administrative order, judgment, decree, or finding, not subsequently reversed, suspended or vacated, relating to an alleged violation of:

Any Federal or State securities or commodities law or regulation; or

ii)

Any law or regulation respecting financial institutions or insurance companies including, but not limited to, a temporary or permanent injunction, order of disgorgement or restitution, civil money penalty or temporary or permanent cease-and-desist order, or removal or prohibition order, or

iii)

Any law or regulation prohibiting mail or wire fraud or fraud in connection with any business entity; or

Was the subject of, or a party to, any sanction or order, not subsequently reversed, suspended or vacated, of any self-regulatory organization (as defined in Section 3(a)(26) of the Exchange Act (15 U.S.C. 78c(a)(26))), any registered entity (as defined in Section 1(a)(29) of the Commodity Exchange Act (7 U.S.C. 1(a)(29))), or any equivalent exchange, association, entity or organization that has disciplinary authority over its members or persons associated with a member.

Audit Committee and Charter

We have a separately-designated audit committee of the board. Audit committee functions are performed by our board of directors. None of our directors are deemed independent. All directors also hold positions as our officers. Our audit committee is responsible for: (1) selection and oversight of our independent accountant; (2) establishing procedures for the receipt, retention and treatment of complaints regarding accounting, internal controls and auditing matters; (3) establishing procedures for the confidential, anonymous submission by our employees of concerns regarding accounting and auditing matters; (4) engaging outside advisors; and, (5) funding for the outside auditory and any outside advisors engagement by the audit committee. A copy of the audit committee charter is filed as Exhibit 99.2 with our May 31, 2010 annual report on Form 10-K filed with the Securities and Exchange Commission on August 20, 2010.

Code of Ethics

We have adopted a corporate code of ethics. We believe our code of ethics is reasonably designed to deter wrongdoing and promote honest and ethical conduct; provide full, fair, accurate, timely and understandable disclosure in public reports; comply with applicable laws; ensure prompt internal reporting of code violations; and provide accountability for adherence to the code. A copy of the code of ethics is filed as Exhibit 14.1 with our May 31, 2010 annual report on Form 10-K filed with the Securities and Exchange Commission on August 20, 2010.

Disclosure Committee and Charter

We have a disclosure committee and disclosure committee charter. Our disclosure committee is comprised of all of our officers and directors. The purpose of the committee is to provide assistance to the Chief Executive Officer and the Chief Financial Officer in fulfilling their responsibilities regarding the identification and disclosure of material information about us and the accuracy, completeness and timeliness of our financial reports. A copy of the disclosure committee charter is filed as Exhibit 99.3 with our May 31, 2010 annual report on Form 10-K filed with the Securities and Exchange Commission on August 20, 2010.

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As of August 27, ~~2014~~2015 we had ~~one~~three ~~director~~directors. Mrs. Spio and Mr. St-Pierre is not independent.

ITEM 11.

EXECUTIVE COMPENSATION.

Compensation of Officers

Option award compensation is the fair value for stock options vested during the period, a notional amount estimated at the date of the grant using the Black-Scholes option-pricing model. The actual value received by the executives may differ materially and adversely from that estimated. A summary of cash and other compensation paid in accordance with management consulting contracts for our Principal Executive Officer and other executives for the most recent two years is as follows:

Executive Compensation

							Nonqualified
Name and Principal Position (a)	Year (b)	Salary (US$) (c)	Bonus (US$) (d)	Stock Awards (US$) (e)	Option Awards (US$) (f)	Non-Equity Incentive Plan Compensation (US$) (g)	Nonqualified Deferred Compensation Earnings (US$) (h)	All Other Compensation (US$) (i)	Total (US$) (j)
						Non-Equity	Deferred
Mary Spio	2015	96,000	0	0	0	0	0	0	96,000
				Stock	Option	Incentive Plan	Compensation	All Other
President & CEO	2014	0	0	0	0	0	0	0	0
Name and		Salary	Bonus	Awards	Awards	Compensation	Earnings	Compensation	Total
Michel St-Pierre	2015	96,000	0	0	0	0	0	0	96,000
Principal Position	Year	(US$)	(US$)	(US$)	(US$)	(US$)	(US$)	(US$)	(US$)
CFO	2014	96,000	0	0	0	0	0	0	96,000
(a)	(b)	(c)	(d)	(e)	(f)	(g)	(h)	(i)	(j)
Laurie Clark	2015	0	0	0	0	0	0	0	0
Mary Spio	2014	0	0	0	0	0	0	0	0
Chief Operating Officer	2014	0	0	0	0	0	0	0	0
President & CEO	2013	0	0	0	0	0	0	0	0
Jonathan Barratt	2015	-	0	0	0	0	0	0	-
Michel St-Pierre	2014	96,000	0	0	0	0	0	0	96,000
Chief Technical Officer (resigned 6/01/2014)	2014	-	0	0	0	0	0	0	-
CFO	2013	96,000	0	0	0	0	0	0	96,000
Laurie Clark	2014	0	0	0	0	0	0	0	0
Chief Operating Officer	2013	0	0	0	0	0	0	0	0
Jonathan Barratt	2014	-	0	0	0	0	0	0	-
Chief Technical Officer (resigned 6/01/2014)	2013	-	0	0	0	0	0	0	-

(1)	Mr. St-Pierre has been appointed president and CEO on May 20, 2009. He resigned has President and CEO on June 19, 2014. He remains as CFO.
(2)	Mrs. Spio has been appointed president and CEO on June 19, 2014.
(3)	Mrs. Clark has been appointed COO on July 14, 2014.
(4)	Mr. Barratt has been appointed CTO on July 20, 2011. He resigned as CTO on June 1, 2014.

Employment Contracts

During the fiscal year ended May 31, 2011, we signed a Consulting Agreement with Jean-Paul Langlais pursuant to which, Mr. Langlais was providing sales, marketing, corporate development and management consulting services relating to the corporate activities of our Company. The "Engagement Period" is for one year. During the fiscal year ended May 31, 2011, we signed a Consulting Agreement with Michel St-Pierre pursuant to which, Mr. St-Pierre was providing the services to serve in the capacity of President and Chief Executive Officer of our company. The "Engagement Period" is for one year.

Other Executive Officers

During ~~2014~~2015, no employment contracts were entered into with any officers.

Retirement, Resignation or Termination Plans

We sponsor no plan, whether written or verbal, that would provide compensation or benefits of any type to an executive upon retirement, or any plan that would provide payment for retirement, resignation, or termination as a result of a change in control of our company or as a result of a change in the responsibilities of an executive following a change in control of our company.

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Directors' Compensation

	Fees Earned			Non-Equity	Deferred
Name (a)	Fees Earned or Paid in Cash (US$) (b)	Stock Awards (US$) (c)	Option Awards (US$) (d)	Non-Equity Incentive Plan Compensation (US$) (e)	Deferred Compensation Earnings (US$) (f)	All Other Compensation (US$) (g)	Total (US$) (h)
	or	Stock	Option	Incentive Plan	Compensation	All Other
	Paid in Cash	Awards	Awards	Compensation	Earnings	Compensation	Total
Name	(US$)	(US$)	(US$)	(US$)	(US$)	(US$)	(US$)
(a)	(b)	(c)	(d)	(e)	(f)	(g)	(h)
Michel St-Pierre	0	0	0	0	0	0	0
Mary Spio	0	0	0	0	0	0	0
Laurie Clark	0	0	0	0	0	0	0

The persons who served as members of our board of directors, including executive officers did not receive any compensation for services as a director for ~~2014~~2015.

Indemnification

Pursuant to the articles of incorporation and bylaws of the corporation, we may indemnify an officer or director who is made a party to any proceeding, including a law suit, because of his position, if he acted in good faith and in a manner he reasonably believed to be in its best interest. In certain cases, we may advance expenses incurred in defending any such proceeding. To the extent that the officer or director is successful on the merits in any such proceeding as to which such person is to be indemnified, we must indemnify him against all expenses incurred, including attorneys fees. With respect to a derivative action, indemnity may be made only for expenses actually and reasonably incurred in defending the proceeding, and if the officer or director is judged liable, only by a court order. The indemnification is intended to be to the fullest extent permitted by the laws of the State of Nevada.

Regarding indemnification for liabilities arising under the Securities Act of 1933 which may be permitted for directors or officers pursuant to the foregoing provisions, we are informed that, in the opinion of the Securities and Exchange Commission, such indemnification is against public policy, as expressed in the Act and is therefore unenforceable.

ITEM 12.

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS.

The following table sets forth certain information regarding the beneficial ownership of our common stock as of the date of this Report by (i) each of our directors, (ii) each of our officers named in the Summary Compensation Table, (iii) each person who is known by us to be the beneficial owner of more than five percent of our outstanding common stock, and (iv) all directors and executive officers as a group. Except as otherwise indicated below, each person named has sole voting and investment power with respect to the shares indicated.

The percentage of ownership set forth below reflects each holder's ownership interest in the ~~128~~156,~~667~~746,~~628~~210 shares of our common stock outstanding as of August 29, ~~2014~~2015.

Amount and Nature of Beneficial Ownership

Name of Beneficial Owner (1)	Shares	Options/ Warrants	Total	Percent
Name and Address of Beneficial Owner (1)	Shares	Options/ Warrants	Total	Percent
Mary Spio (2)	5046,~~000~~600,000	0	5046,~~000~~600,000	3829.8673%
Michel St-Pierre (3)	2832,~~050~~658,~~000~~050	0	2832,~~050~~658,~~000~~050	2120.8083%
Laurie Clark	0300,000	0	0300,000	0.0001%
All executive officers and directors as a group (3 persons)	7879,~~050~~558,~~000~~050	0	7879,~~050~~558,~~000~~050	6050.6657%

(1)	The mailing address for the listed individual is c/o Next Galaxy Corp, 1680 Michigan Ave., Suite 700, Miami Beach, FL 33139.
(2)	Owner of 5% or more of our common stock. Mrs. Spio, is the President and Chief Executive Officer.
(3)	Owner of 5% or more of our common stock. Mr. St-Pierre, is the Chief Financial Officer.

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ITEM 13.

CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE.

Transactions with Michel St-Pierre

On May 31, ~~2014~~2015, the Company had received loans from Michel St-Pierre, a shareholder, in the amount of $2038,~~049~~935. These loans were received over a one year period. These loans carried an interest of 10% and are payable on demand. The amount owed to stockholder at May 31, ~~2014~~2015 is $~~386~~11,~~512~~515.

ITEM 14.

PRINCIPAL ACCOUNTING FEES AND SERVICES.

(1) Audit Fees

The aggregate fees billed for each of the last two fiscal years for professional services rendered by the principal accountant for our audit of annual financial statements and reviews of our interim financial statements included in our Form 10-Q and Form 10-K or services that are normally provided by the accountant in connection with statutory and regulatory filings or engagements for those fiscal years was:

2014	Paritz & Company, PA	$	20,590
2015	Paritz & Company, PA		$	8,065
2013	Paritz & Company, PA	$	13,915
2014	Paritz & Company, PA		$	20,590

(2) Audit-Related Fees

The aggregate fees billed in each of the last two fiscal years for assurance and related services by the principal accountants that are reasonably related to the performance of the audit or review of our financial statements and are not reported in the preceding paragraph:

2014	Paritz & Company, PA	$	0
2015	Paritz & Company, PA		$	0
2013	Paritz & Company, PA	$	0
2014	Paritz & Company, PA		$	0

(3) Tax Fees

The aggregate fees billed in each of the last two fiscal years for professional services rendered by the principal accountant for tax compliance, tax advice, and tax planning was:

2014	Paritz & Company, PA	$	0
2015	Paritz & Company, PA		$	0
2013	Paritz & Company, PA	$	0
2014	Paritz & Company, PA		$	0

(4) All Other Fees

The aggregate fees billed in each of the last two fiscal years for the products and services provided by the principal accountant, other than the services reported in paragraphs (1), (2), and (3) was:

2014	Paritz & Company, PA	$	0
2015	Paritz & Company, PA		$	1,328
2013	Paritz & Company, PA	$	0
2014	Paritz & Company, PA		$	0

(5)	Our audit committees pre-approval policies and procedures described in paragraph (c) (7) (i) of Rule 2-01 of Regulation S-X were that the audit committee pre-approves all accounting related activities prior to the performance of any services by any accountant or auditor.

(6)

The percentage of hours expended on the principal accountants engagement to audit our consolidated financial statements for the most recent fiscal year that were attributed to work performed by persons other than the principal accountants full time, permanent employees, to the best of our knowledge, was 0%.

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Audit Committee Pre-Approval Policies

Our Audit Committee reviewed the audit and non-audit services rendered by Paritz & Company, P.A. during the periods set forth above and concluded that such services were compatible with maintaining the auditors' independence. All audit and non-audit services performed by our independent accountants are pre-approved by our Audit Committee to assure that such services do not impair the auditors' independence from us.

PART IV.

ITEM 15.

EXHIBITS AND CONSOLIDATED FINANCIAL STATEMENT SCHEDULES.

The following is a complete list of exhibits filed as part of this annual report:

Exhibit		Incorporated by reference			Filed
Number	Document Description	Form	Date	Number	herewith
3.1	Articles of Incorporation, as amended	S-1	6/19/09	3.1

3.2	Bylaws	S-1	6/19/09	3.2

4.1	Stock Certificate	S-1	6/19/09	4.1

10.1	Consulting Agreement – Michel St-Pierre	10-K	8/19/11	10.1

10.2	Consulting Agreement – Jean-Paul Langlais	10-K	8/19/11	10.2

10.3	Manufacturing Agreement with SMT Hautes Technologies	10-Q	1/14/12	10.3

10.4	Partnership Agreement with Monnit Corp.	10-K	08/28/12	10.4

10.5	License Agreement with iMetrik Global Inc.	10-K	08/28/12	10.5

10.6	Loan Agreement with Capex Investment Limited	8-K	03/28/14	10.1

10.7	IP Asset Purchase Agreement with Mary Spio	8-K	6/27/14	10.1

14.1	Code of Ethics	10-K	8/20/10	14.1

31.1	Certification of Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002				X

31.2	Certification of Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002				X

32.1	Certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 for the Chief Executive Officer				X

32.2	Certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 for the Chief Financial Officer				X

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99.1	Audit Committee Charter	10-K	8/20/10	99.2
99.2	Disclosure Committee Charter	10-K	8/20/10	99.3
101.INS	XBRL Instance Document				X
101.SCH	XBRL Taxonomy Extension – Schema				X
101.CAL	XBRL Taxonomy Extension – Calculations				X
101.DEF	XBRL Taxonomy Extension – Definitions				X
101.LAB	XBRL Taxonomy Extension – Labels				X
101.PRE	XBRL Taxonomy Extension – Presentation				X

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SIGNATURES

In accordance with Section 13 or 15(d) of the Securities and Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, on this 15th day of September ~~2014~~2015.

	NEXT GALAXY CORP.

	BY:	MARY SPIO
		Mary Spio
		President and Principal Executive Officer

	BY:	MICHEL ST-PIERRE
		Michel St-Pierre
		Principal Accounting Officer, Principal Financial Officer, Secretary and Treasurer

In accordance with the Exchange Act, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dated indicated.

Signature	Title	Date
MARY SPIO	President, Principal Executive Officer and Director	September 15, ~~2014~~2015
Mary Spio
MICHEL ST-PIERRE	Principal Accounting Officer, Principal Financial	September 15, ~~2014~~2015
Michel St-Pierre	Officer, Secretary, Treasurer and Director
LAURIE CLARK	Chief Operating Officer and Director	September 15, 2014
	Chief Operating Officer and Director	September 15, 2015
Laurie Clark

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EXHIBIT INDEX

Exhibit		Incorporated by reference			Filed
Number	Document Description	Form	Date	Number	herewith
3.1	Articles of Incorporation, as amended	S-1	6/19/09	3.1
3.2	Bylaws	S-1	6/19/09	3.2
4.1	Stock Certificate	S-1	6/19/09	4.1
10.1	Consulting Agreement – Michel St-Pierre	10-K	8/19/11	10.1
10.2	Consulting Agreement – Jean-Paul Langlais	10-K	8/19/11	10.2
10.3	Manufacturing Agreement with SMT Hautes Technologies	10-Q	1/14/12	10.3
10.4	Partnership Agreement with Monnit Corp.	10-K	08/28/12	10.4
10.5	License Agreement with iMetrik Global Inc.	10-K	08/28/12	10.5
10.6	Loan Agreement with Capex Investment Limited	8-K	03/28/14	10.1
10.7	IP Asset Purchase Agreement with Mary Spio	8-K	6/27/14	10.1
14.1	Code of Ethics	10-K	8/20/10	14.1
31.1	Certification of Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002				X
31.2	Certification of Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002				X
32.1	Certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 for the Chief Executive Officer				X
32.2	Certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 for the Chief Financial Officer				X
99.1	Audit Committee Charter	10-K	8/20/10	99.2
99.2	Disclosure Committee Charter	10-K	8/20/10	99.3
101.INS	XBRL Instance Document				X
101.SCH	XBRL Taxonomy Extension – Schema				X
101.CAL	XBRL Taxonomy Extension – Calculations				X
101.DEF	XBRL Taxonomy Extension – Definitions				X
101.LAB	XBRL Taxonomy Extension – Labels				X
101.PRE	XBRL Taxonomy Extension – Presentation				X

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