UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 10-Q

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

For the quarterly period ended June 30, 2014

[ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT

For the transition period from __________ to __________.

Commission file number 333-178208

OLIE INC.
(Name of small business issuer in its charter)

Delaware
(State or other jurisdiction of incorporation or organization)

33-1220056
(I.R.S. Employer Identification No.)

300-838 Hastings Street Vancouver, BC V6C0A6
(Address of principal executive offices and Zip Code)

Registrant’s telephone number, including area code: (604) 828-9999

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

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

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

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

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

The number of shares of the issuer’s common stock, par value $.00001 per share, outstanding as of June 30, 2014 was 2,426,500,000.

TABLE OF CONTENTS

		Page
Part I. Financial Information

Item 1.	Financial Statements.	3
	Balance Sheets for the periods ending June 30, 2014and September 30, 2013.	3
	Statements of Operations for the three months and nine Months ending June 30, 2014 and 2013 (unaudited).	4
	Consolidated Statements of Cash Flows for the nine Months ending June 30, 2014 and 2013 (unaudited).	5
	Notes to Consolidated Financial Statements.	6

Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations.	8
Item 3.	Quantitative and Qualitative Disclosures About Market Risk.	12
Item 4.	Controls and Procedures.	12

Part II. Other Information.

Item 1.	Legal Proceedings	13
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds.	13
Item 3.	Defaults Upon Senior Securities.	13
Item 4.	Mine Safety Disclosure.	13
Item 5.	Other Information.	13
Item 6.	Exhibits.	14

Signatures		15

Part I. Financial Information

Item 1. Consolidated Financial Statements (Unaudited)

Olie Inc.
Consolidated Balance Sheets (Unaudited)

		June 30, 2014			September 30, 2013

ASSETS
Current Assets
Cash and cash equivalents	$	768		$	83
Total Current Assets		768			83

Long Term Assets
Investments		400,000			-

TOTAL ASSETS	$	400,768		$	83

LIABILITIES AND STOCKHOLDERS' DEFICIT
Current Liabilities
Accounts Payable and Accrued Expenses	$	365,696		$	172,610
Accounts payable – Related Party		90,000			41,188
Deferred Revenue		114,919			-
Note Payable		56,533			129,945
Total Current Liabilities		627,148			343,743

SHAREHOLDERS’ EQUITY
Convertible preferred stock: 45,000,004 authorized; $0.00001 par value 271,145 and 104,955 Series B shares issued and outstanding		3			1
Common stock: 3,000,000,000 authorized; $0.00001 par value 2,426,500,000 2,and 2,235,000,000 shares issued and outstanding		24,265			22,350
Additional paid in capital		2,329,296			439,449
Accumulated deficit during development stage		(2,579,944	)		(805,460	)

Total Stockholders' Deficit		(226,380	)		(343,660	)

TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$	400,768		$	83

See notes to unaudited consolidated financial statements

OLIE Inc.
Consolidated Statements of Expenses (Unaudited)

		Three Months Ended						Nine Months Ended
		June 30,			June 30,			June 30,			June 30,
		2014			2013			2014			2013

Revenue	$	62,500			-			135,081			-

Operating Expenses
General and Administrative		43,651			110,221			1,908,265			201,352

Operating Income(Loss)		18,849			(110,221	)		(1,773,184	)		(201,352	)

Other Income (Expense)
Investment Explorations		-			(200,000	)		-			(200,000	)
Loss on Investment		-			-			(1,300	)		-

Net lncome (Loss)	$	18,849		$	(310,221	)	$	(1,774,484	)	$	(401,352	)

Basic loss per share	$	(0.00	)	$	(0.00	)	$	(0.00	)	$	(0.00	)
Weighted average number of shares outstanding		2,426,500,000			96,346,154			2,370,844,322			96,115,38572

See notes to unaudited consolidated financial statements

Olie Inc.
Consolidated Statements of Cash Flows (Unaudited)

		Nine Month Ended June 30
		2014			2013

CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$	(1,774,484	)	$	(401,352	)

Adjustments to reconcile net loss to net cash used in operating activities:
Stock Based Compensation		1,475,700			50
Receipt of revenue in form of customer equity securities		(135,081	)

Loss on investment		1,300
Changes in operating assets and liabilities:
Increase (Decrease) in Accounts Payable		293,878			46,108
Increase in Accounts Payable – Related Party		90,000
NET CASH USED IN OPERATING ACTIVITIES		(48,687	)		(355,194	)

CASH FLOWS FROM INVESTING ACTIVITIES
Cash paid for purchase of investment		(1,300	)		-
NET CASH USED IN INVESTING ACTIVITIES		(1,300	)		-

CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from loan		50,672			-
Proceeds from issuance of common stock		-			355,194
NET CASH USED IN FINANCING ACTIVITIES		50,672			355,194

INCREASE (DECREASE) IN CASH		685			-

CASH - BEGINNING OF PERIOD		83			127

CASH - END OF PERIOD	$	768		$	127

CASH PAID FOR:
Income tax		-			-
Interest		-			-
NON-CASH TRANSACTIONS
Purchase of investment in Hi Score with preferred shares	$	150,000			-
Issuance of preferred shares for debt	$	265,474			-

See notes to unaudited consolidated financial statements

OLIE INC.
Notes to Unaudited Consolidated Financial Statements
For the period ending June 30, 2014

NOTE 1. NATURE OF OPERATIONS

ORGANIZATION

Olie Inc. (the “Company”), was incorporated in Delaware on December 10, 2010.The Company intends to focus on the development of opportunities to invest in client issuers by providing either nominal stage equity, and/or “fix-it” capital for existing private or thinly traded public companies along with strategic guidance and corporate restructuring, debt consolidation, and equity enhancement advice.

In December of 2013, the name of the company, Olie Inc., was changed to Syndicate Business Development Corp. This name has been filed with and approved by State of Delaware but not yet by FINRA or the British Columbia Securities Commission. Pending their approval, our new name is not yet used on this filing.

NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

BASIS OF PRESENTATION

The accompanying unaudited financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America for interim financial information and with the instructions to Form 10-Q and Regulation S-X. Accordingly, these condensed financial statements do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation have been included and such adjustments are of a normal recurring nature. These financial statements should be read in conjunction with the financial statements for the year ended September 30, 2013 and notes thereto and other pertinent information contained in our Form 10-K/A the Company has filed with the Securities and Exchange Commission (the “SEC”).

REVENUE RECOGNITION

Olie Inc. recognizes revenue when persuasive evidence of an arrangement exists, services have been rendered, the sales price is fixed or determinable, and collectability is reasonably assured.

INVESTMENTS

Long-term Investments consist of convertible preferred stocks in 2 related party companies, one purchased and one received for services rendered. Both are carried at the fair value determined at time of receipt. The Company reviews the carrying value of its long-lived assets annually or whenever events or changes in circumstances indicate that the historical-cost carrying value of an asset may no longer be appropriate. The Company assesses recoverability of the asset by comparing the undiscounted future net cash flows expected to result from the asset to its carrying value. If the carrying value exceeds the undiscounted future net cash flows of the asset, an impairment loss is measured and recognized. An impairment loss is measured as the difference between the net book value and the fair value of the long-lived asset. Fair value is estimated based upon either discounted cash flow analysis or estimated salvage value.

NOTE 3. GOING CONCERN

The Company’s financial statements are prepared using accounting principles generally accepted in the United States of America applicable to a going concern which contemplates the realization of assets and liquidation of liabilities in the normal course of business. As of June 30, 2014, the Company has not yet established an ongoing source of revenues sufficient to cover its operating cost and allow it to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it becomes profitable. If the Company is unable to obtain adequate capital, it could be forced to cease operations.

NOTE 4. COMMON STOCK

During the quarter ended December 31, 2013 the Company issued 191,000,000 common shares to various consultants for services rendered. These shares were valued at the fair market trading value of $1,475,700 at the date of grant. Also during the same quarter, the Company cancelled a contract to issue 29,000,000 shares for non-performance.

NOTE 5. PREFERRED STOCK

On November 30, 2013, Olie Inc purchased 60,000 Series B convertible preferred shares of Hi Score Corp by issuing 60,000 of Olie's Series B convertible preferred shares, all valued at $2.50/share. Similar to Olie’s Series B convertible preferred shares, each Hi Score share is convertible into 250,000 common shares.

During the quarter ended December 31, 2013, the Company issued 106,190 Series B preferred shares in exchange for accounts payable and debt totalling $265,474.

On March 11, 2014 the Company amended its article of incorporation to change Series B and Series C Preferred share par values to $0.00001. All financial statement figures have been adjusted to account for the change.

NOTE 6. NOTES PAYABLE

As of June 30, 2014, the Company owes $56,533; the loans are non-interest bearing and due on demand.

NOTE 7. RELATED PARTY TRANSACTIONS

As of June 30, 2014, the Company has an outstanding account payable to a related party amounting to $90,000.

For the 9 month period ended June 30, 2014, the Company has leased the office from the CEO for free.

NOTE 8. SHORT TERM INVESTMENTS

On January 8, 2014, Olie Inc. purchased a $1,300 portion of Alaska Pacific Energy Corporation's (ASKE) Convertible Promissory Note. This note was converted into 43,333,333 shares of ASKE. However, this investment was written off and a loss of $1,300 recognized due to issues with clearing and liquidating the shares.

NOTE 9. LONG TERM INVESTMENTS

On November 30, 2013, Olie Inc purchased 60,000 Series B convertible preferred shares of Hi Score Corp by issuing 60,000 of Olie's Series B convertible preferred shares, all valued at $2.50/share. These shares are convertible at the rate of 250,000 common per 1 preferred share. Olie Inc. can convert these shares one year from the date of purchase.

In December of 2013, Olie Inc. signed a one year consulting agreement with Laredo Corp. in exchange for $250,000. It was agreed upon that Olie Inc would accept 100,000 preferred shares of Laredo's valued at $2.50 as payment. These shares are convertible at the rate of 100,000 common shares per 1 preferred share. Olie Inc. can convert these shares six months from the date of issuance.

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations Note Regarding Forward Looking Statements.

This quarterly report on Form 10-Q of Olie Inc. for the period ended June 30, 2014 contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. To the extent that such statements are not recitations of historical fact, such statements constitute forward-looking statements which, by definition, involve risks and uncertainties. In particular, statements under the Sections; Description of Business, Management's Discussion and Analysis of Financial Condition and Results of Operations contain forward-looking statements. Where, in any forward-looking statement, the Company expresses an expectation or belief as to future results or events, such expectation or belief is expressed in good faith and believed to have a reasonable basis, but there can be no assurance that the statement of expectation or belief will result or be achieved or accomplished.

The following are factors that could cause actual results or events to differ materially from those anticipated, and include but are not limited to: general economic, financial and business conditions, changes in and compliance with governmental regulations, changes in tax laws, and the costs and effects of legal proceedings.

You should not rely on forward-looking statements in this quarterly report. This quarterly report contains forward-looking statements that involve risks and uncertainties. We use words such as “anticipates,” “believes,” “plans,” “expects,” “future,” “intends,” and similar expressions to identify these forward-looking statements. Prospective investors should not place undue reliance on these forward-looking statements, which apply only as of the date of this report. Our actual results could differ materially from those anticipated in these forward-looking statements for many reasons, including the risks faced by Olie Inc. For example, a few of the uncertainties that could affect the accuracy of forward-looking statements include:

1.	Our business strategy;
2.	Our financial position;
3.	The extent to which we are leveraged;
4.	Our cash flow and liquidity;
5.	Our inability to obtain additional financing in order to fund our operations, capital expenditures, and to meet our other obligations; 6. Our inability to attract and retain key personnel;

Financial information provided in this Form 10-Q, for periods subsequent to June 30, 2014, is preliminary and remains subject to audit. As such, this information is not final or complete, and remains subject to change, possibly materially.

Overview

BUSINESS ACTIVITIES

We focus on the development of opportunities to invest in client issuers by providing either nominal stage equity, and/or “fix-it” capital for existing private or thinly traded public companies along with strategic guidance and corporate restructuring, debt consolidation, and equity enhancement advice.

Our principal objective is both current consulting income and long-term capital appreciation. We may invest in debt securities of these companies, or may acquire an equity interest in the form of preferred stock, warrants or options to acquire stock or the right to convert the debt securities into stock. We may invest alone, or as part of a larger investment group. Consistent with our status as a 1934 Act Holding Company, attempting to transition to a BDC in the future, we will provide managerial assistance, potentially in the form of a consulting agreement or in the form of a board of director’s seat, to the developing companies in which we provide corporate & advisory services.

In addition, we look to acquire either a minority or controlling interest in companies in a roll-up strategy, through Forward Acquisition Agreements. It is anticipated that any acquisitions will be primarily in exchange for a specific class or designation of our convertible preferred stock. The principal objective of acquisitions pursuant to a roll-up strategy would be to consolidate an industry and either sell the acquired entities as a larger unit, or take the unit public through an initial public offering, spin-off to our shareholders one year after incubation. Our principle objectives are to roll up OTC & OTCQB Companies as well as Private Companies, either for their Shareholder base or Net Stock Holders Equity.

MODEL 1. INCOME GENERATION

Income generation is sought from assigning matured long term secured loans from non affiliates in our client issuer companies and other non-portfolio companies, and making introductions to other non-affiliated lending sources.

We seek to acquire secured debt with conversion privileges or options to acquire common stock or equity securities that are typically the issuer’s most senior preferred stock at the time of our investment. In cases where we acquire common shares, the issuer typically has only common stock outstanding. We believe that investing in an issuer’s most senior and/or secured debt or equity securities provides some protection and is one way to potentially mitigate the otherwise high risks investing. Since securities that we acquire directly from selling stockholders may not represent the most senior securities of the issuer, we may seek to negotiate terms, such as warrants or other structural protections, which are intended to provide some additional value protection. Although we seek to invest in the most senior class of securities or obtain other protections, the seniority and other protections provided in these types of investments may be diminished if the portfolio company issues more senior securities in a subsequent financing round.

Acquisition price: We seek the acquisition of private securities at a valuation that creates the potential for our target “arbitrage” return on our investment once the company is publicly traded. We believe that “buying right” at a lower price earnings multiple is one of the keys to success along with growth of earnings in our portfolio company from either or both organic growth and further acquisitions of earnings from additional investments in other related companies.

The main strategy for value creation of portfolio companies is SEC registration for transparency with financial reporting and liquidity through subsequent SEC registration for public stock trading. A price to earnings multiple “arbitrage” ratios between public stock and private stock may increase our portfolio company holding value. This concept is based on the investment market value accretion for going from private to public status. Factors such as financial and operating transparency, quality of liquidity, management and asset, and earnings acquisition are improved when a company is publically traded versus privately owned and operated.

MODEL 2. CAPITAL APPRECIATION

Capital appreciation is sought from our equity participation and profit realization from a sale of some or all of our equity in a client Issuer's company’s investment. We may assign aged matured, secure debt from unrelated parties to the Issuer, and/or fees earned and received for providing managerial support and other corporate consulting services to a client.

We may also initiate and help develop a new controlling acquisition entity (“Newco”) for a particular industry. We may partner with specific industry management “experts” to help create this portfolio acquisition company in an industry to build revenue, profits and value of a Newco. We shall not directly operate such a Newco.

The main strategy for value creation of portfolio companies is SEC registration for transparency with financial reporting and liquidity through subsequent SEC registration for public stock trading. A price to earnings multiple “arbitrage” ratio between public stock and private stock may increase our portfolio company holding value. This concept is based on the investment market value accretion forgoing from private to public status. Factors such as financial and operating transparency, quality of liquidity, management and asset, and earnings acquisition are improved when a company is publically traded versus privately owned and operated.

Our Investment Goals

We seek to invest in micro-cap, small-cap and lower middle market companies that we believe will be able to file an audited registration statement with the SEC within approximately 6 months or less after our initial investment, and complete a registration to issue portfolio company shares within approximately 12 months after the closing of our initial investment. However, there may be delays due to completion of auditor requirements or a strategy decision to delay trading of our portfolio company shares at our sole discretion.

After, registration with the SEC, the client issuer may seek and obtain an exchange listing when it is strategically advantageous. However, we typically will be subject to a lockup restriction which prohibits us from selling our investment during the customary 180-day period following the exchange listing. Once this lockup restriction expires, we expect to sell some or all of our shares in the portfolio company in the public markets as are strategically advantageous. However, we have the sole discretion to hold our position to the extent we believe the client issuer is not being appropriately valued in the public markets or is adversely affected by market or industry cyclicality. Accordingly, we anticipate our typical investment horizon for portfolio investments will be 12 to 36 months. We may pursue investments with a shorter expected investment horizon, where we believe the portfolio company may file for public trading of shares sooner than 12 months or has a registration statement filed at the time of our investment. In each case, we have the discretion to hold securities for a longer period. There can be no assurance that we will be able to achieve our targeted return on our investments in portfolio companies once they go public.

If the private companies in which we invest do not perform as planned, they may be unable to successfully complete a security public registration within our typical targeted 12 -month time frame, or at all, or may decide to abandon their plans. In such cases, we will likely exceed our targeted 36-month holding period and the value of these investments may decline substantially if the going public exit is no longer viable. We may also be forced to take other steps to exit these investments, including the use of the trading platforms of private secondary marketplaces that specialize in the trading of private company securities.

Although we expect that some of our equity investments may trade on these trading platforms, the securities we hold will typically be subject to legal and other restrictions on resale that may prevent us from using these trading platforms or otherwise selling our securities, and will otherwise be less liquid than publicly traded securities. Furthermore, trading in private securities markets involves risks given the possible imbalance of information between such transaction participants. In addition, while some portfolio companies may trade on the trading platforms of private secondary marketplaces, we can provide no assurance that such a trading market will be available for particular companies, will continue or remain active, or that we will be able to sell our position in any portfolio company at the time we desire to do so and at the price we anticipate.

Since we may not seek to control a portfolio company, we may not expect to have input as to when, or if, our portfolio companies choose to pursue a SEC share trading registration. In certain cases, our portfolio companies may choose to delay the registration because of either adverse conditions in their particular industry or the equity markets generally. In other cases, our portfolio companies may be performing poorly or not achieving the milestones that an investment bank would require to underwrite a share offering. In such cases, our portfolio companies may need to raise additional capital, which may cause dilution to, or adversely affect, our ownership interests, or we may have to make additional follow-on investments pro rata with other investors in order to preserve our rights and preferences of our initial investment.

Client Issuer Progress

As part of our services agreement & MOU for our client issuers, we typically require information rights that give us access to the company’s quarterly and annual financial statements as well as the company’s annual budget. Although we do not have a control position, we attempt to have an on-going dialogue, on at least a quarterly basis, with our client issuer's management teams to review the company’s business prospects, financial results, and exit strategy plans.

Since we may not be in a position to control the management, operation and strategic decision-making of the companies we invest or advise for, a client issuer may make business decisions with which we disagree, and the stockholders and management of such a company may take risks or otherwise act in ways that are adverse to our interests. Due to the lack of liquidity for the equity investments that we will typically hold in our client companies, we may not be able to dispose of our investments in the event that we disagree with the actions of a client company or its substantial stockholders, and may therefore suffer a decrease in the value of our investments.

We also use our ongoing discussions with our portfolio company management teams to monitor their continued commitment to completing a registration and, when requested, to provide our insights on the current investment market and what we believe are the key differentiators for successful registration and share offering.

We also offer significant managerial assistance to our portfolio companies as requires for registered business development companies under the Act. We expect that this managerial assistance will likely involve consulting and advice for the going and staying public and public capital markets. As a business development company, we are required to offer, and in some cases provide and be paid for, such managerial assistance.

Disposition of Investments in Publicly Traded Client Issuers

Our primary source of investment return will be generated from net capital gains realized on the disposition of our client Issuer's investments, which typically will occur after a client issuer completes a share trading registration, or it will arise from our purchase and assignment of Non Affiliate Unrelated Party, Aged Debt. We are also typically prohibited from exiting investments in our publicly traded client issuer company until the expiration of the customary post-public lockup agreement, unless we have purchased aged secure, non affiliate debt where the lock up provisions are already matured.

Also, the market prices of client issuers that have recently completed a forced conversion of aged, mature debt from non affiliates typically experience high volatility and are driven by such factors as overall market conditions, the industry conditions for the particular sector in which the client issuer operates, the relative size of the public float, and the potential selling activities of other investors and possibly management.

Critical Accounting Policies

We prepare our condensed financial statements in conformity with GAAP, which requires management to make certain estimates and apply judgments. We base our estimates and judgments on historical experience, current trends and other factors that management believes to be important at the time the condensed financial statements are prepared. Due to the need to make estimates about the effect of matters that are inherently uncertain, materially different amounts could be reported under different conditions or using different assumptions. On a regular basis, we review our critical accounting policies and how they are applied in the preparation of our condensed financial statements.

While we believe that the historical experience, current trends and other factors considered support the preparation of our condensed financial statements in conformity with GAAP, actual results could differ from our estimates and such differences could be material.

For a full description of our critical accounting policies, please refer to Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our 2013 Annual Report on Form 10- K

Results of Operations for the three months ended June 30, 2014 and June 30, 2013. Revenues

In December of 2013 Olie Inc signed a one year consulting agreement with Laredo Corp. in exchange for $250,000. It was agreed upon that Olie Inc would accept 100,000 preferred shares of Laredo's valued at $2.50 as payment.

Olie has recognized $62,500 portion of this consulting contract in the quarter ended June 30, 2014. Additionally, Olie has recognized $135,081 of this consulting contract to date.

Operating Expenses

Total Operating Expenses. Total operating expenses for the three months and nine Months ended June 30, 2014 and 2013 were $43,651, $110,221and $1,908,265, $201,352 respectively. Total operating expenses consisted of stock compensation, professional fees and selling, general and administrative expenses. The largest single expense for the nine Month ended June 30, 2014 was issuance of shares for consulting and attorney fees incurred to assist in implementing our business plan in the amount of $1,475,700.

Financial Condition

Total Assets. Total assets at June 30, 2014 and September 30, 2013 were $400,768 and $83 respectively.

Total Liabilities. Total liabilities at June 30, 2014 and September 30, 2014 were $627,148 and $343,743, respectively. Total liabilities consist of primarily notes payable and accounts payable. The change was due to an increase in funds advanced to the company by non-related party to pay for various fees and expenses associated with implementing our business plan.

Liquidity and Capital Resources

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern which contemplates, among other things, the realization of assets and satisfaction of liabilities in the ordinary course of business.

The Company sustained a loss of $1,774,484 for the nine month ended June 30, 2014. Due to the absence of positive cash flows from operations, the Company will require additional funding to continue to provide its services. These factors raise substantial doubt about 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.

We are not presently able to meet our obligations as they come due. At June 30, 2014 we had minimal assets and a working capital deficit of $626,380. Our working capital deficit is due to the results of operations.

Net cash used in operating activities for the nine Months ended June 30, 2014 and 2013 was $48,687 and $34,704 respectively. Net cash used in operating activities includes our net loss, stock compensation, accounts payable, and note payable.

We anticipate that our future liquidity requirements will arise from the need to fund our growth from operations, pay current obligations and future capital expenditures. The primary sources of funding for such requirements are expected to be cash generated from operations and raising additional funds from the private sources and/or debt financing. However, we can provide no assurances that we will be able to generate sufficient cash flow from operations and/or obtain additional financing on terms satisfactory to us, if at all, to remain a going concern. Our continuation as a going concern is dependent upon our ability to generate sufficient cash flow to meet our obligations on a timely basis and ultimately to attain profitability. Our Plan of Operation for the next twelve months is to raise capital to continue to expand our operations. We are presently engaged in capital raising activities through one or more private offering of our company’s securities. We would most likely rely upon the transaction exemptions from registration provided by Regulation D, Rule 506 or conduct another private offering under Section 4(2) of the Securities Act of 1933. See “Note 3 – Going Concern” in our financial statements for additional information as to the possibility that we may not be able to continue as a “going concern.”

We have no known demands or commitments and are not aware of any events or uncertainties that will result in or that are reasonably likely to materially increase or decrease our current liquidity.

We are not aware of any trends or known demands, commitments, events or uncertainties that will result in or that are reasonably likely to result in material increases or decreases in liquidity.

Capital Resources.

We had no material commitments for capital expenditures as of June 30, 2014 and December 31, 2013.

Off-Balance Sheet Arrangements

We have made no off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that is material to investors.

Item 3. Quantitative and Qualitative Disclosures About Market Risk.

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

Item 4. Controls and Procedures .

(a) Management’s Conclusions Regarding Effectiveness of Disclosure Controls and Procedures.

The Company’s Chief Executive Officer and Chief Financial Officer, after evaluating the effectiveness of the design and operation of the Company’s disclosure controls and procedures (as defined in Securities Exchange Act Rules 13a-15 (f) and 15d-15(f)) as of June 30, 2013, have concluded that as of such date the Company’s disclosure controls and procedures were ineffective. Material weaknesses noted are: lack of a functioning audit committee due to a lack of a majority of independent members; lack of a majority of outside directors on the board of directors, resulting in ineffective oversight in the establishment and monitoring of required internal controls and procedures; and, management dominated by a single individual without adequate compensating controls.

(b) Changes in Internal Controls.

There have been no changes in the Company’s internal control over financial reporting during the period ended June 30, 2014 that have materially affected, or are reasonably likely to materially affect, the Company’s internal controls over financial reporting.

For a full discussion of controls and procedures refer to Item 9A, Controls and Procedures, in our 2013 Annual Report on Form 10K.

Part II. Other Information

Item 1. Legal Proceedings.

None.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.

None

Item 3. Defaults Upon Senior Securities

None.

Item 4. Mine Safety Disclosure.

Not applicable.

Item 5. Other Information.

None.

Item 6. Exhibits

Exhibit Number and Description

(a)	Financial Statements*

(b)	Exhibits required by Item 601, Regulation S-K;

Exhibit		Description
No.

3.1		Certificate of Incorporation (incorporated by reference from our Registration Statement on Form S-1 files on November 29, 2012).

3.2		Bylaws (incorporated by reference from our Registration Statement on Form S-1 filed on November 29, 2012).

31*		Section 302 Certification of the Sarbanes-Oxley Act of 2002 of Robert Gardner

32*		Section 906 Certification of the Sarbanes-Oxley Act of 2002 of Robert Gardner

101.INS **		XBRL Instance Document

101.SCH **		XBRL Taxonomy Extension Schema Document

101.CAL **		XBRL Taxonomy Extension Calculation Linkbase Document

101.DEF **		XBRL Taxonomy Extension Definition Linkbase Document

101.LAB **		XBRL Taxonomy Extension Label Linkbase Document

101.PRE **		XBRL Taxonomy Extension Presentation Linkbase Document

*Filed herewith.

** XBRL (Extensible Business Reporting Language) information is furnished and not filed or a part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, is deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and otherwise is not subject to liability under these sections.

SIGNATURES

In accordance with Section 13 or 15(d) of the Exchange Act, the Registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

OLIE INC.

Date: August 8, 2014	By:	/s/ Robert Gardner
		Robert Gardner,
		Principal Executive Office, Principal Accounting Officer
		Chief Financial Officer, Secretary,
		Chairman of the Board of Directors

OLIE INC 10-Q