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

Form 10-Q

(Mark One)

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

For the quarterly period ended ~~September~~March 3031, ~~2017~~2018

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

For the transition period from ~~__________________ to~~_____________________to ~~___________________~~_____________________

Commission File Number 000-50392

TRANSAKT LTD.
(Exact name of registrant as specified in its charter)

Nevada	33-1221442
(State or other jurisdiction of incorporation or organization)	(IRS Employer Identification No.)

Nevada	N/A
(State or other jurisdiction of incorporation or organization)	(IRS Employer Identification No.)

Unit 8, 3/F., Wah Yiu Industrial Centre, 30-32 Au Pui Wan Street, Fo Tan, N.T. Hong Kong	N/A
(Address of principal executive offices)	(Zip Code)

852-52389111
(Registrant’s telephone number, including area code)

N/A
(Former name, former address and former fiscal year, if changed since last report)

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

Indicate by check mark whether the registrant 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).
[X] YES [ ] NO

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

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

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]

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

APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
PROCEEDINGS DURING THE PRECEDING FIVE YEARS

Check whether the registrant has filed all documents and reports required to be filed by Sections 12, 13 or 15(d) of the Exchange Act after the distribution of securities under a plan confirmed by a court.
[ ] YES [ ] NO

APPLICABLE ONLY TO CORPORATE ISSUERS

Indicate the number of shares outstanding of each of the registrant’s classes of common stock as of the latest practicable date. 133,506,570 common shares issued and outstanding as of ~~November~~May 15, ~~2017.~~ 2018.

PART 1 – FINANCIAL INFORMATION

Item 1.

Financial Statement

Our unaudited interim financial statements for the ~~nine~~three months ~~periods~~ ended ~~September~~March 3031, ~~2017~~2018 form part of this quarterly report. They are stated in United States Dollars (US$) and are prepared in accordance with United ~~States~~ States generally accepted accounting principles. These interim unaudited ~~financial~~ financial statements should be read in conjunction with the company’s audited ~~financial~~ financial statements and the Form 10-K for the year ended December 31, ~~2016~~2017.

TRANSAKT LTD. AND ~~SUBSIDIARIES CONDENSED~~ SUBSIDIARIESCONDENSED CONSOLIDATED FINANCIAL ~~STATEMENTS~~STATEMENTSMARCH ~~SEPTEMBER 30~~31, ~~2017~~2018

CONTENTS

CONTENTS	Page


FINANCIAL STATEMENTS

Condensed Consolidated Balance Sheets	F-1

Condensed Consolidated Statements of Operations	F-2

Condensed Consolidated Statements of Cash Flows	F-3

Notes to Financial Statements	F-4 – F-9

	Page
FINANCIAL STATEMENTS
Condensed Consolidated Balance Sheets	F-1
Condensed Consolidated Statements of Operations	F-2
Condensed Consolidated Statements of Cash Flows	F-3
Notes to Financial Statements	F-4 – F-12

TRANSAKT LTD. CONDENSED CONSOLIDATED BALANCE SHEETS

		September 30,			December 31,
		March 31,			December 31,
		2017			2016
		2018			2017
		(Unaudited)			(Audited)
ASSETS
Current Assets
Cash and cash equivalents	$	~~191~~387,~~980~~508		$	~~638~~435,~~601~~630
Deposits paid		300,000			-
Prepayments		-			10,000
Total Assets	$	~~491~~387,~~980~~508		$	~~648~~445,~~601~~630
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities
Accrued expenses	$	1831,~~632~~552		$	6335,~~504~~656
Convertible Promissory Note		-			1,000,000
Total Current Liabilities	$	31,552		$	35,656
Total Current Liabilities	$	18,632		$	1,063,504
Total liabilities	$	31,552		$	35,656
Total liabilities	$	18,632		$	1,063,504
Stockholders' Equity
Common stock, 700,000,000 shares authorized for issuance, $0.001 par value, 133,506,570 and 28,439,904 shares issued and outstanding at September 30, 2017 and December 31, 2016, respectively		133,506			28,440
Common stock, 700,000,000 shares authorized for issuance, $0.001 par value, 133,506,570 shares issued and outstanding at March 31, 2018 and December 31, 2017, respectively	$	133,506			133,506
Additional paid-in capital		24,265,011			2324,~~319~~265,~~411~~011
Accumulated deficit		(22,~~289~~404,~~130~~572	)		(22,~~129~~350,~~586~~526	)
Other comprehensive income		(~~436~~437,~~039~~989	)		(~~433~~438,~~168~~017	)
Stock subscription receivable		(1,200,000	)		(1,200,000	)
Total Stockholders' Equity	$	~~473~~355,~~348~~956		$	~~(414~~409,~~903~~974	)
Total Equity	$	~~473~~355,~~348~~956		$	~~(414~~409,~~903~~974	)
Total Liabilities and Equity	$	~~491~~387,~~980~~508		$	~~648~~445,~~601~~630

The accompanying notes are an integral part of the financial statements

F-1

TRANSAKT LTD. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS FOR THE ~~NINE~~THREE MONTHS ENDED ~~SEPTEMBER~~MARCH 3031, ~~2017~~2018 AND ~~2016~~ 2017 (UNAUDITED)

		Nine Months			Nine Months			Three Months			Three Months
		Three Months Ended			Three Months Ended
		Ended			Ended			Ended			Ended
		March 31, 2018			March 31, 2017
		September 30,			September 30,			September 30,			September 30,
Sales, net	$	-		$	-
		2017			2016			2017			2016
Cost of sales		-			-
Sales, net	$	-		$	-		$	-		$	-
Gross profit		-			-
Cost of sales		-			-			-			-
Selling, general and administrative expenses		54,040			56,370
Gross profit		-			-			-			-
Loss from operations		(54,040	)		(56,370	)
Selling, general and administrative expenses		(146,432	)		(191,872	)		(43,261	)		(49,883	)
Other income (expense)
Impairment loss on fixed assets		-			-			-			-
Interest expense		-			(13,333	)
Loss from operations		(146,432	)		(191,872	)		(43,261	)		(49,883	)
Currency exchange gain (loss)		(6	)		63
Other income (expense)
Total other income (expenses)		(6	)		(13,270	)
Interest income/ (expense)		(13,333	)		(17,333	)		-			(17,333	)
Loss before income taxes		(54,046	)		(69,640	)
Currency exchange gain (loss)		221			(3,994	)		(12	)		(4,033	)
Provision for income taxes expense (benefit)		-			-
Other income		-			-			-			-
Net loss		(54,046	)		(69,640	)
Total other income (expenses)		(13,112	)		(21,327	)		(12	)		(21,366	)
Net gain (loss) attributable to non-controlling interest		-			-
(Loss)/ Profit before income taxes		(159,544	)		(213,199	)		(43,273	)		(71,249	)
Net loss attributable to TRANSAKT LTD.	$	(54,046	)	$	(69,640	)
Provision for income taxes expense (benefit)		-			-			-			-
Loss per share:
Net (loss)/ profit		(159,544	)		(213,199	)		(43,273	)		(71,249	)
Basic and diluted income (loss) common stockholders per share Net loss	$	(0.0004	)	$	(0.0024	)
Net gain (loss) attributable to non- controlling interest		-			-			-			-
Weighted average number of shares outstanding:
Net (loss)/ profit attributable to TRANSAKT	$	(159,544	)	$	(213,199	)	$	(43,273	)	$	(71,249	)
Basic and diluted		133,506,570			45,951,015
Loss per share:
Other Comprehensive Income (Loss)
Basic and diluted income (loss) common stockholders per share Net loss	$	(0.0014	)	$	(0.007	)	$	(0.0003	)	$	(0.002	)
Net loss	$	(54,046	)	$	(69,640	)
Weighted average number of shares outstanding:
Foreign currency translation adjustment		28			(85	)
Basic and diluted		110,799,855			30,672,387*			133,506,570			30,672,387*
Comprehensive income (loss)		(54,018	)		(69,725	)
Other Comprehensive Income (Loss)
Comprehensive income (loss) attributable to the non- controlling interest		-			-
Net loss	$	(159,544	)	$	(213,199	)	$	(43,273	)	$	(71,249	)
Comprehensive income (loss) attributable to TRANSAKT LTD.	$	(54,018	)	$	(69,725	)
Foreign currency translation adjustment		(2,871	)		4,547			(2,582	)		4,866
Comprehensive income (loss)		(162,415	)		(208,652	)		(45,855	)		(66,383	)
Comprehensive income (loss) attributable to the non-controlling interest		-			-			-			-
Comprehensive income (loss) attributable to TRANSAKT LTD.	$	(162,415	)	$	(208,652	)	$	(45,855	)	$	(66,383	)

*The ~~issued~~accompanying ~~common~~notes ~~stock~~are ~~and~~an ~~additional~~integral ~~paid-in~~part ~~capital~~of ~~were retroactively restated to reflect~~ the ~~20 to 1 reversed stock split effective on~~financial ~~June~~statements ~~23, 2016.~~

~~F-2~~TRANSAKT LTD.

~~TRANSAKT~~F-2 ~~LTD. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2017 AND 2016 (UNAUDITED)~~

`		Nine Months Ended			Nine Months Ended
		September 30, 2017			September 30, 2016
Cash flows from operating activities
Net loss available to common stockholders	$	(159,544	)	$	(213,199	)
Adjustments to reconcile net loss to net cash used in operating activities
Interest expense		13,333			-
Changes in assets and liabilities:
Decrease (Increase) in prepayments		10,000			11,431
Decrease (Increase) in deposits		(300,000	)		-
Increase (Decrease) in accounts payable and accrued expenses		(7,539	)		12,318
Net cash used in operating activities		(443,750	)		(189,450	)
Cash flows from investing activities
Net cash used in investing activities		-			-
Cash flows from financing activities
Proceeds from issuance of Convertible Promissory Note		-			1,000,000
Due to related party		-			(191,000	)
Net cash provided by financing activities		-			809,000
Effect of exchange rate changes on cash and cash equivalents		(2,871	)		4,547
Net increase (decrease) in cash and cash equivalents		(446,621	)		624,097
Cash and cash equivalents
Beginning		638,601			103,250
Ending	$	191,980		$	727,347
Non cash financing activities
Issuance of common stock to settle convertible promissory note and its relevant accrued interest		1,050,666			-
Supplemental disclosure of cash flows
Cash paid during the year for:
Income tax		-			-
Interest expense	$	-		$	17,333

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE THREE MONTHS ENDED MARCH 31, 2018 AND 2017 (UNAUDITED)

The accompanying notes are an integral part of the financial statements

`		Three Months Ended			Three Months Ended
		March 31, 2018			March 31, 2017
Cash flows from operating activities
Net loss available to common stockholders	$	(54,046	)	$	(69,640	)

Adjustments to reconcile net loss to net cash used in operating activities
Interest expense		-			13,333
Changes in assets and liabilities:
Decrease (Increase) in prepayments		10,000			10,000
Decrease (Increase) in deposits		-			(300,312	)
Increase (Decrease) in accounts payable and accrued expenses		(4,104	)		9,880
Net cash used in operating activities		(48,150	)		(336,739	)

Cash flows from investing activities
Net cash used in investing activities		-			-
Cash flows from financing activities
Net cash provided by financing activities		-			-
Effect of exchange rate changes on cash and cash equivalents		28			(85	)
Net increase (decrease) in cash and cash equivalents		(48,122	)		(336,824	)
Cash and cash equivalents
Beginning		435,630			638,601
Ending	$	387,508		$	301,777


Non cash financing activities
Issuance of common stock to settle convertible promissory note of its relevant accrued interest		-			1,050,666

Supplemental disclosure of cash flows
Cash paid during the year for:
Income tax		-			-
Interest expense	$	-		$	-

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

~~TRANSAKT~~F-3 ~~LTD. NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS SEPTEMBER 30, 2017~~

~~NOTE~~TRANSAKT 1LTD. -NOTES ~~ORGANIZATION~~TO ~~AND~~THE ~~SUMMARY~~UNAUDITED OFCONDENSED CONSOLIDATED ~~SIGNIFICANT~~FINANCIAL ~~ACCOUNTING POLICIES~~STATEMENTS MARCH 31, 2018

~~Basis~~NOTE of1 ~~Presentation~~- ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

~~The~~Basis accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”) for interim financial reporting and in accordance with instructions for Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, the unaudited condensed consolidated financial statements contained in this report reflect all adjustments that are normal and recurring in nature and considered necessary for a fair presentation of the financial position and the results of operations for the interim periods presented. The year-end condensed balance sheet data was derived from audited financial statements, but does not include all disclosures required by GAAP. The results of operations for the interim period are not necessarily indicative of the results expected for the full year. These unaudited, condensed consolidated financial statements, footnote disclosures and other information should be read in conjunction with the financial statements and the notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2016.Presentation

~~Organization~~The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”) for interim financial reporting and in accordance with instructions for Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, the unaudited condensed consolidated financial statements contained in this report reflect all adjustments that are normal and recurring in nature and considered necessary for a fair presentation of the financial position and the results of operations for the interim periods presented. The year-end condensed balance sheet data was derived from audited financial statements, but does not include all disclosures required by GAAP. The results of operations for the interim period are not necessarily indicative of the results expected for the full year. These unaudited, condensed consolidated financial statements, footnote disclosures and other information should be read in conjunction with the financial statements and the notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2017.

TransAKT Ltd. (the “Company”) was incorporated under the laws of the Province of Alberta on June 3, 1997. The Company completed the acquisition of Green Point Resources Inc. on October 18, 2000 whereby it became a publicly traded company listed on the Canadian Venture Exchange. In 2004 the Company voluntarily delisted from the TSX Venture Exchange and retained a listing on the Over the Counter Bulletin Board in the United States. Organization

InTransAKT ~~October~~Ltd. ~~2004~~ (the “Company”) ~~purchased~~was ~~certain~~incorporated ~~assets~~under ofthe IPlaws ~~Mental~~of ~~Inc.,~~the aProvince ~~Taiwan~~of ~~based~~Alberta ~~Voice~~on ~~over~~June ~~Internet~~3, ~~Protocol (VoIP) company~~1997. The ~~company~~ ~~name~~Company ~~was~~completed ~~changed~~the acquisition ~~from~~of ~~TransAKT~~Green ~~Corp.~~Point toResources ~~TransAKT Ltd~~Inc. on ~~September~~October 2918, 2000 whereby it became ~~2006.~~a ~~The~~publicly ~~Company~~traded ~~designs~~company ~~and~~listed ~~develops~~on ~~Voice~~the ~~over~~Canadian ~~Internet~~Venture ~~Protocol~~Exchange. ~~(“VoIP”)~~In 2004 the ~~solutions~~Company voluntarily delisted from the TSX Venture Exchange and ~~mobile~~retained ~~payment~~a listing ~~terminals~~on ~~for~~the Over the ~~consumer~~Counter ~~electronics~~Bulletin ~~industry~~Board in the United States.

OnIn ~~November~~October ~~15,~~2004 ~~2006~~the ~~TransAKT~~Company ~~Ltd~~purchased ~~and~~certain ~~the~~assets ~~shareholders~~ of IP ~~Taiwan~~Mental ~~Harlee International Co~~Inc. ~~Ltd. (HTT)~~, ~~entered~~a ~~into~~Taiwan abased ~~Share~~Voice ~~Exchange Agreement~~over inInternet ~~which~~Protocol ~~TransAKT~~(VoIP) ~~Ltd~~company. ~~acquired 100% of Taiwan Harlee International~~The ~~Co.~~company ~~Ltd.’s~~name ~~outstanding common stock. HTT~~ was ~~incorporated~~changed ~~under~~from ~~the~~TransAKT ~~laws~~Corp. ~~of Republic~~to ofTransAKT ~~China in 1985~~Ltd. ~~HTT~~on isSeptember ~~engaged in designing~~29, ~~manufacturing and~~ ~~distribution of Taiwan telecommunications equipment~~2006. The ~~acquisition~~Company ~~has~~designs ~~been accounted~~and ~~for~~develops asVoice aover ~~reverse~~Internet ~~acquisition~~Protocol ~~under the purchase method of accounting.~~(“VoIP”) ~~Accordingly,~~solutions ~~the~~and ~~merger~~mobile ofpayment ~~the~~terminals ~~two~~for ~~companies has been recorded as a recapitalization of HTT, with HTT being treated as~~ the ~~continuing~~consumer ~~entity.~~electronics industry.

On ~~August~~November 1215, ~~2010,~~2006 ~~the~~TransAKT ~~Company~~Ltd ~~filed~~and the ~~Registration~~shareholders of ~~Statement~~Taiwan ~~(Form~~Harlee ~~S-4~~International Co. Ltd. (HTT), entered into a Share Exchange Agreement in ~~connection~~which ~~with~~TransAKT ~~the~~Ltd. ~~continuation~~acquired 100% of ~~the~~Taiwan ~~Company~~Harlee ~~from~~International ~~Alberta~~Co. toLtd.’s ~~Nevada~~outstanding common stock. ~~Based~~HTT ~~upon~~was incorporated under the ~~number~~laws of Republic ~~common shares~~ of ~~TransAKT~~China ~~Ltd~~in 1985., ~~a Nevada~~HTT ~~corporation~~is ~~(“TransAKT~~engaged ~~Nevada”)~~in designing, tomanufacturing beand distribution ~~issued~~of toTaiwan ~~the~~telecommunications ~~shareholders~~equipment. ofThe acquisition has been ~~TransAKT~~accounted ~~Ltd.,~~for anas ~~Alberta~~a ~~corporation~~reverse ~~(“TransAKT~~acquisition ~~Alberta”),~~under onthe apurchase ~~one-for-one~~method of accounting. ~~basis~~Accordingly, ~~upon~~the ~~completion~~merger of the ~~Continuation~~two ~~and~~companies ~~based~~has onbeen ~~102,645,120~~recorded ~~shares~~as ofa ~~common~~recapitalization ~~stock~~ of ~~TransAKT Ltd.~~HTT, anwith ~~Alberta~~HTT ~~corporation,~~being ~~issued~~treated ~~and outstanding~~ as of ~~August~~the ~~12,~~continuing ~~2010~~entity.

On ~~July~~August 2612, ~~2012~~2010, the Company ~~acquired~~filed ~~100%~~the ~~equity~~Registration Statement (Form S-4) in connection with the continuation of ~~Vegfab~~the Company from ~~Agricultural~~Alberta ~~Technology~~to CoNevada. Based upon the number of common shares of TransAKT Ltd., ~~(the~~a Nevada corporation (“~~Vegfab~~TransAKT Nevada”), ato ~~company~~be ~~incorporated~~issued ~~under~~ to the ~~laws~~shareholders of TransAKT ~~the~~Ltd., ~~Republic~~an ofAlberta ~~China~~corporation (“~~ROC,~~TransAKT ~~Taiwan~~Alberta”)., ~~Vegfab~~on isa ~~mainly~~one-for-one basis ~~engaged~~upon ~~in selling~~completion ~~agricultural~~of ~~equipment~~the ~~used~~Continuation toand ~~grow~~based ~~vegetables~~on ~~using~~102,645,120 ~~simulated~~shares ~~sunlight~~of ~~from~~common ~~LED~~stock ~~lamps~~of inTransAKT ~~hydroponic systems~~Ltd., an Alberta corporation, issued and outstanding as of August 12, 2010.

~~F-4~~On July 26, 2012, the Company acquired 100% equity of Vegfab Agricultural Technology Co. Ltd. (the “Vegfab”), a company incorporated under the laws of the Republic of China (“ROC, Taiwan”). Vegfab is mainly engaged in selling agricultural equipment used to grow vegetables using simulated sunlight from LED lamps in hydroponic systems.

~~On January~~ F-4, 2013, the Company entered into a Share Purchase and Sale Agreement with a shareholder pursuant to which the Company sold to him 100% of all issued and outstanding securities of its wholly owned subsidiary Taiwan Harlee International Corporation (“HTT”). In consideration of the sale of HTT, the shareholder has transferred to the Company 45,000,000 previously issued common voting shares of TransAKT with a deemed value of $0.04 per share or $1.8 million in the aggregate.

On ~~October~~January 304, 2013, ~~Million~~the ~~Talented~~Company ~~Ltd.,~~entered into a ~~third~~Share ~~party,~~Purchase ~~contributed~~and ~~$516~~Sale ~~(equals~~Agreement towith ~~HKD~~a ~~4,000)~~shareholder pursuant to ~~obtain~~which ~~40%~~the ~~ownership~~Company ofsold ~~TransAKT~~to ~~Bio~~him ~~Agritech~~100% ~~Ltd.,~~of ~~formerly~~all ~~named~~issued asand ~~TransAKT~~outstanding ~~(H.K)~~securities ~~Ltd.,~~of ~~(“TransAKT~~its ~~H.K.”). TransAKT~~wholly ~~H.K.~~owned ~~was incorporated in Hong Kong on November 20, 2007. It had no~~subsidiary ~~operation~~Taiwan ~~until~~Harlee ~~2013.~~International ~~TransAKT~~Corporation H(“HTT”).~~K.'s~~ ~~primary~~In ~~business~~consideration isof ~~conducting~~the ~~research~~sale of ~~and~~HTT, ~~development~~the onshareholder ~~new~~has ~~agricultural~~transferred ~~technology relating~~ to the Company~~’s business.~~ ~~On May 6~~45, ~~2015~~000,000 ~~the~~previously ~~company~~issued common ~~acquired~~voting ~~the~~shares ~~remaining 40%~~ of ~~the~~ TransAKT ~~Bio~~ ~~Agritech~~with ~~Ltd.~~a ~~From~~deemed ~~Million~~value ~~Talent~~of ~~Ltd~~$0.04 Asper ~~such,~~share ~~the~~or ~~Company wholly owned its~~$1.8 ~~subsidiary~~million ofin ~~TransAKT~~the ~~Bio Agritech Ltd~~aggregate. ~~And it becomes our primary business unit.~~

On ~~June~~October 30, ~~2015~~2013, ~~our~~Million ~~wholly~~Talented ~~owned subsidiary, TransAKT Taiwan~~ Ltd., ~~entered into~~ a ~~Share~~third ~~Transfer Agreement among Vegfab Agricultural~~party, ~~Technology~~contributed ~~Co.~~$516 ~~Ltd.~~(equals ~~and~~to aHKD ~~third~~4,000) ~~party pursuant~~ to ~~which~~obtain ~~the third party acquired 100~~40% ownership of ~~Vegfab~~TransAKT ~~Agricultural~~Bio Agritech ~~Technology Co.~~ Ltd., informerly ~~consideration~~named ofas ~~$100,000. Vegfab~~TransAKT ~~Agricultural Technology Co~~(H.K) Ltd., ~~was the sole material asset of~~ (“TransAKT H.K.”). ~~Taiwan~~TransAKT ~~Ltd~~H.K. ~~and~~was ~~its~~incorporated ~~parent~~in ~~company~~Hong ~~(and~~Kong ~~subsidiary~~on ofNovember ~~the Company)~~20, ~~TransAKT Holdings Ltd~~2007., aIt ~~Turks~~had ~~and~~no operation ~~Caicos~~until ~~company~~2013. ~~Subsequent~~TransAKT ~~to the sale of Vegfab Agricultural Technology Co~~H. ~~Ltd~~K.,'s ~~pursuant~~primary tobusiness ais ~~Share~~conducting ~~Purchase~~research and ~~Agreement~~development ~~dated June~~on ~~30,~~new ~~2015~~agricultural ~~with~~technology relating to the Company’s business. ~~former~~On ~~President~~May 6, ~~Chief~~2015, ~~Executive~~the ~~Officer~~company ~~and Director,~~acquired the ~~Company~~remaining ~~sold~~40% of the TransAKT Bio ~~Holdings~~Agritech Ltd. ~~(and~~From ~~its~~Million ~~subsidiary,~~Talent ~~TransAKT Taiwan~~ Ltd.) toAs such, the ~~former~~Company ~~(non-affiliated)~~wholly ~~officer~~owned ~~and director in~~its ~~consideration~~subsidiary of ~~$100,000. All intercompany debts between~~ TransAKT ~~Holdings~~Bio Agritech Ltd. ~~and~~ ~~the~~And ~~formerly~~it ~~affiliated~~becomes ~~companies~~our ~~were~~primary ~~cancelled as a result of the~~business ~~transaction~~unit.

AOn 20June 30, 2015, our wholly owned subsidiary, TransAKT Taiwan Ltd., entered into a Share Transfer Agreement among Vegfab Agricultural Technology Co. Ltd. and a third party pursuant to 1which ~~reversed~~the ~~stock~~third ~~split~~party ~~was~~acquired 100% ~~approved~~of byVegfab Agricultural Technology Co. Ltd. in consideration of $100,000. Vegfab Agricultural Technology Co. Ltd. was the ~~Board~~sole material asset of TransAKT ~~Directors~~Taiwan onLtd. ~~November~~and 9its parent company (and subsidiary of the Company), ~~2015~~TransAKT Holdings Ltd., bya ~~majority~~Turks and Caicos company. Subsequent to the sale of ~~shareholders~~Vegfab Agricultural onTechnology ~~April~~Co. 1Ltd., ~~2016,~~pursuant ~~by FINRA~~to ona Share Purchase Agreement dated June 2030, ~~2016~~2015 ~~and~~with ~~effective~~the onCompany’s ~~June~~former 23President, ~~2016.~~Chief ~~The~~Executive ~~issued~~Officer and ~~outstanding~~Director, ~~common~~the ~~stock~~Company ~~was~~sold ~~consolidated~~TransAKT ~~from~~Holdings ~~613~~Ltd. (and its subsidiary,~~447,306~~ TransAKT Taiwan Ltd.) to ~~30,672,387~~the ~~with~~former (non-affiliated) officer and director in ~~fractional~~consideration ~~share~~of ~~round~~$100,000. upAll tointercompany 1debts ~~share~~between TransAKT Holdings Ltd. and the formerly affiliated companies were cancelled as a result of the transaction.

~~Principles~~A 20 to 1 reversed stock split was approved by the Board of Directors ~~Consolidation~~on November 9, 2015, by majority of shareholders on April 1, 2016, by FINRA on June 20, 2016 and effective on June 23, 2016. The issued and outstanding common stock was consolidated from 613,447,306 to 30,672,387 with fractional share round up to 1 share.

~~The~~Principles ~~consolidated financial statements include the accounts~~ of ~~TransAKT~~ ~~(BVI)~~Consolidation Ltd. and its wholly owned subsidiary TransAKT Bio Agritech Ltd., collectively referred to within as the Company. All material intercompany accounts, transactions, and profits have been eliminated in consolidation.

~~Going~~The ~~Concern~~consolidated financial statements include the accounts of TransAKT (BVI) Ltd. and its wholly owned subsidiary TransAKT Bio Agritech Ltd., collectively referred to within as the Company. All material intercompany accounts, transactions, and profits have been eliminated in consolidation.

~~The~~Going Company has incurred a net loss attributable to common stockholders of $159,544 and $213,199 during the nine months ended September 30, 2017 and 2016, respectively, and had an accumulated deficit of $22,289,130 and $22,129,586 as of September 30, 2017 and December 31, 2016, respectively. Concern

The ~~accompanying consolidated financial statements have been prepared assuming that the~~ Company ~~will~~has ~~continue~~incurred as a ~~going~~net ~~concern.~~loss ~~This~~attributable ~~basis~~to common ofstockholders ~~accounting contemplates the recovery~~ of ~~the~~$54,046 ~~Company’s assets~~ and ~~the satisfaction~~$69,640 ofduring ~~liabilities in~~ the ~~normal~~three ~~course~~months ofended ~~business.~~March ~~This~~31, ~~presentation~~2018 ~~presumes funds will be available to finance ongoing research~~ and ~~development~~2017, ~~operations~~ ~~and~~respectively, ~~capital expenditures~~ and ~~permit~~had ~~the~~an ~~realization~~accumulated deficit of ~~assets~~$22,404,572 and ~~the~~ ~~payment~~$22,350,526 as of ~~liabilities~~March in31, ~~the~~2018 ~~normal~~and ~~course~~December of31, ~~operations~~2017, ~~for the foreseeable future~~respectively.

The ~~ability~~accompanying ofconsolidated financial statements have been prepared assuming that the Company towill continue ~~research~~as ~~and~~a ~~development~~going concern. This basis ~~projects~~of ~~and~~accounting ~~realize~~contemplates the ~~capitalized~~recovery ~~value~~ of ~~proprietary~~the ~~technologies~~Company’s assets and the ~~related~~satisfaction ~~assets~~of isliabilities ~~dependent~~in ~~upon~~the ~~future~~normal ~~commercial~~course ~~success~~ of ~~the~~business. ~~technologies~~This presentation ~~and~~presumes ~~raising~~funds ~~sufficient~~will ~~funds~~be available to ~~continue~~finance ongoing research and development ~~as well as to~~, ~~effectively~~operations ~~market~~and ~~its~~capital ~~products.~~expenditures ~~Through~~and ~~September~~permit ~~30, 2017,~~ the ~~Company~~realization ~~has~~of ~~not~~assets ~~realized~~and ~~commercial~~the ~~success~~payment of ~~the~~liabilities ~~technologies,~~in ~~nor~~the ~~has~~normal itcourse ~~raised~~of ~~sufficient~~operations ~~funds~~for tothe ~~continue~~foreseeable ~~research and development or to market its products~~future.

~~F-5~~There can be no assurances that there will be adequate financing available to the Company and the consolidated financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the outcome of this uncertainty.

~~There~~F-5 was no assurances that there will be adequate financing available to the Company and the consolidated financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the outcome of this uncertainty.

The Company has taken certain restructuring steps to provide the necessary capital to continue its operations. These steps included: (1) Tightly budgeting and controlling all expenses; (2) Expanding the company’s operations into China, expanding product lines and recruiting a strong sales team to significantly increase sales revenue and profit in 2017; (3) Cooperate with local partners in Guangdong province, China to research and develop new products. (4)The Company plans to continue actively seeking additional funding opportunities to improve and expand upon ~~their~~our product lines.

Use of Estimates

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

Revenue Recognition

Revenues are recognized when finished products are shipped to customers and both title and the risks and rewards of ownership are transferred and collectability is reasonably assured. The Company’s revenues are recorded upon confirmed acceptance after inspection by the customers of the Company.

Exchange Gain (Loss):

During the ~~nine~~three months ended ~~September~~March 3031, ~~2017~~2018 and ~~2016~~2017, the transactions of TransAKT Bio Agritech Ltd. were denominated in foreign currency and were recorded in Hong Kong Dollar (HKD) at the rates of exchange in effect when the transactions occur. Exchange gains and losses are recognized for the different foreign exchange rates applied when the foreign currency assets and liabilities are settled.

Translation Adjustment

The Company financial statements are presented in the U.S. dollar ($), which is the Company’s reporting currency, while its functional currency is Hong Kong Dollar (HKD). Transactions in foreign currencies are initially recorded at the functional currency rate ruling at the date of transaction. Any differences between the initially recorded amount and the settlement amount are recorded as a gain or loss on foreign currency transaction in the consolidated statements of income. Monetary assets and liabilities denominated in foreign currency are translated at the functional currency rate of exchange ruling at the balance sheet date. Any differences are taken to profit or loss as a gain or loss on foreign currency translation in the statements of income.

In accordance with ASC 830, Foreign Currency Matters, the Company translates the assets and liabilities into U.S. dollar ($) using the rate of exchange prevailing at the balance sheet date and the statements of operations and cash flows are translated at an average rate during the reporting period. Adjustments resulting from the translation from HKD into U.S. dollar are recorded in stockholders’ equity as part of accumulated other comprehensive income.

~~F-6~~Comprehensive Income

Comprehensive ~~Income~~income includes accumulated foreign currency translation gains and losses. The Company has reported the components of comprehensive income on its statements of stockholders’ equity.

~~Comprehensive income includes accumulated foreign currency translation gains and losses. The Company has reported the components of comprehensive income on its statements of stockholders’ equity.~~Advertising

Advertising expenses consist primarily of costs of promotion for corporate image and product marketing and costs of direct advertising. The Company expenses all advertising costs as incurred.

~~Advertising~~F-6 ~~expenses consist primarily of costs of promotion for corporate image and product marketing and costs of direct advertising. The Company expenses all advertising costs as incurred.~~

Income Taxes

The Company accounts for income taxes in accordance with ASC 740, Income Taxes, which requires that the Company recognize deferred tax liabilities and assets 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 the differences are expected to reverse. Deferred income tax benefit (expense) results from the change in net deferred tax assets or deferred tax liabilities. A valuation allowance is recorded when, in the opinion of management, it is more likely than not that some or all of any deferred tax assets will not be realized.

Statement of Cash Flows

In accordance with generally accepted accounting principles (GAAP), cash flows from the Company’s operations are based upon the local currencies. As a result, amounts related to assets and liabilities reported on the statement of cash flows will not necessarily agree with changes in the corresponding balances on the balance sheet.

Concentration of Credit Risk

Financial instruments that potentially subject the Company to concentrations of credit risk are accounts receivable and other receivables arising from its normal business activities. The Company has a diversified customer base. The Company controls credit risk related to accounts receivable through credit approvals, credit limits and monitoring procedures. The Company routinely assesses the financial strength of its customers and, based upon factors surrounding the credit risk, establishes an allowance, if required, for uncollectible accounts and, as a consequence, believes that its accounts receivable credit risk exposure beyond such allowance is limited.

Cash and Cash Equivalents

Cash and cash equivalents include cash in hand and cash in time deposits, certificates of deposit, and all highly liquid debt instruments with original maturities of three months or less.

Fair Value of Financial Instruments

In the first quarter of fiscal year 2008, the Company adopted Accounting Standards Codification subtopic 820-10, Fair Value Measurements and Disclosures (“ASC 820-10”). ASC 820-10 defines fair value, establishes a framework for measuring fair value, and enhances fair value measurement disclosure. ASC 820-10 delays, until the first quarter of fiscal year 2009, the effective date for ASC 820-10 for all non-financial assets and non-financial liabilities, except those that are recognized or disclosed at fair value in the financial statements on a recurring basis (at least annually). The adoption of ASC 820-10 did not have a material impact on the Company’s financial position or operations.

Effective October 1, 2008, the Company adopted Accounting Standards Codification subtopic 820-10, Fair Value Measurements and Disclosures (“ASC 820-10”) and Accounting Standards Codification subtopic 825-10, Financial Instruments (“ASC 825-10”), which permits entities to choose to measure many financial instruments and certain other items at fair value. Neither of these statements had an impact on the Company’s unaudited condensed consolidated financial position, results of operations, or cash flows. The carrying value of cash and cash equivalents, accounts payable and short-term borrowings, as reflected in the balance sheets, approximate fair value because of the short-term maturity of these instruments.

FStock-7based Compensation

~~Stock~~The Company records stock-based ~~Compensation~~compensation expense pursuant to ASC 718-10, "Share Based Payment Arrangement,” which requires companies to measure compensation cost for stock-based employee compensation plans at fair value at the grant date and recognize the expense over the employee's requisite service period. The Company’s expected volatility assumption is based on the historical volatility of Company’s stock or the expected volatility of similar entities. The expected life assumption is primarily based on historical exercise patterns and employee post-vesting termination behavior. The risk-free interest rate for the expected term of the option is based on the U.S. Treasury yield curve in effect at the time of grant.

~~The Company records stock~~F-~~based~~7 compensation expense pursuant to ASC 718-10, "Share Based Payment Arrangement,” which requires companies to measure compensation cost for stock-based employee compensation plans at fair value at the grant date and recognize the expense over the employee's requisite service period. The Company’s expected volatility assumption is based on the historical volatility of Company’s stock or the expected volatility of similar entities. The expected life assumption is primarily based on historical exercise patterns and employee post-vesting termination behavior. The risk-free interest rate for the expected term of the option is based on the U.S. Treasury yield curve in effect at the time of grant.

Stock-based compensation expense is recognized based on awards expected to vest, and there were no estimated forfeitures as the Company has a short history of issuing options. ASC 718-10 requires forfeitures to be estimated at the time of grant and revised in subsequent periods, if necessary, if actual forfeitures differ from those estimates.

Net Loss Per Share

The Company has adopted Accounting Standards Codification subtopic 260-10, Earnings Per Share (“ASC 260-10”) which specifies the computation, presentation and disclosure requirements of earnings per share information. Basic earnings per share have been calculated based upon the weighted average number of common shares outstanding. Common equivalent shares are excluded from the computation of the diluted loss per share if their effect would be anti-dilutive.

Intangible Assets

Intangible assets include a patent. With the adoption of FASB ASC Topic 350, “Intangibles” (formerly SFAS No. 142), intangible assets with a definite life are amortized on a straight-line basis. The patent is being amortized over its estimated life of 10 years. Intangible assets with a definite life are tested for impairment whenever events or circumstances indicate that a carrying amount of an asset (asset group) may not be recoverable. An impairment loss would be recognized when the carrying amount of an asset exceeds the estimated undiscounted cash flows used in determining the fair value of the asset. The amount of the impairment loss to be recorded is calculated by the excess of the asset’s carrying value over its fair value. Fair value is generally determined using a discounted cash flow analysis. Costs related to internally develop intangible assets are expensed as incurred.

Recent Accounting Pronouncements

~~FASB Clarifies the Definition of a Business.~~ The FASB ~~has~~ issued an Accounting Standards Update ~~No. 2017-01, Business Combinations~~ (~~Topic 805~~ASU): ~~Clarifying~~that ~~the Definition of a Business, clarifying the definition of a~~helps ~~business.~~organizations ~~The~~address ~~amendments~~certain ~~affect~~stranded ~~all~~income ~~companies~~tax ~~and~~effects ~~other~~in ~~reporting~~accumulated ~~organizations~~other ~~that~~comprehensive ~~must~~income ~~determine~~(AOCI) ~~whether~~resulting ~~they~~from ~~have~~the ~~acquired~~Tax orCuts ~~sold~~and aJobs ~~business~~Act.

~~The~~ASU ~~definition~~No. of2018-02, aIncome ~~business~~Statement—Reporting ~~affects~~Comprehensive Income ~~many~~(Topic ~~areas~~220): Reclassification of ~~accounting including~~Certain ~~acquisitions,~~Tax ~~disposals,~~Effects ~~goodwill,~~from ~~and consolidation. The amendments~~Accumulated ~~are~~Other ~~intended~~Comprehensive toIncome, ~~help~~provides ~~companies~~financial ~~and~~statement ~~other~~preparers ~~organizations~~with ~~evaluate whether~~an ~~transactions~~option ~~should~~to bereclassify ~~accounted~~stranded ~~for~~tax aseffects ~~acquisitions~~within ~~(or~~AOCI ~~disposals)~~to ofretained ~~assets~~earnings orin ~~businesses.~~each ~~The~~period ~~amendments provide a more robust framework to use~~ in ~~determining when~~which athe ~~set~~effect of ~~assets~~the ~~and~~change ~~activities~~in isthe ~~a business~~U.S. ~~They~~federal ~~also~~corporate income ~~provide~~tax ~~more consistency~~rate in ~~applying~~ the ~~guidance,~~Tax ~~reduce~~Cuts ~~the costs of application,~~ and ~~make the~~Jobs ~~definition~~Act of(or aportion ~~business~~thereof) ~~more operable~~is recorded.

~~For~~The ~~public~~ASU ~~companies,~~requires ~~the~~financial ~~amendments~~statement ~~are~~preparers ~~effective~~to for annual periods beginning after December 15, 2017, including interim periods within those periods. For all other companies and organizations, the amendments are effective for annual periods beginning after December 15, 2018, and interim periods within annual periods beginning after December 15, 2019. disclose:

~~The~~• ~~FASB~~A ~~has~~description ~~issued~~of ~~Accounting~~the ~~Standards~~accounting ~~Update~~policy ~~(ASU)~~for ~~No. 2017-07,~~releasing ~~Compensation~~income -tax ~~Retirement~~effects ~~Benefits~~from ~~(Topic~~AOCI; ~~715):~~• ~~Improving~~Whether they elect to reclassify the ~~Presentation~~ ofstranded ~~Net~~income ~~Periodic~~tax ~~Pension~~effects ~~Cost~~from the Tax Cuts and ~~Net~~Jobs ~~Periodic~~Act; ~~Postretirement Benefit~~and ~~Cost.~~• Information about the other income tax effects that are reclassified.

~~F-8~~The amendments affect any organization that is required to apply the provisions of Topic 220, Income Statement—Reporting Comprehensive Income, and has items of other comprehensive income for which the related tax effects are presented in other comprehensive income as required by GAAP.

The amendments ~~apply~~are toeffective for all ~~employers,~~organizations ~~including not-~~for~~-profit~~ fiscal ~~entities~~years beginning after December 15, ~~that~~2018, ~~offer~~and tointerim ~~their~~periods ~~employees~~within ~~defined~~those ~~benefit~~fiscal years. ~~pension~~Early ~~plans,~~adoption ~~other~~is permitted. Organizations should apply the proposed ~~postretirement~~amendments ~~benefit~~either ~~plans,~~in the period of adoption or ~~other~~retrospectively ~~types~~to each period (or periods) in which the effect of ~~benefits~~the ~~accounted~~change ~~for~~in ~~under~~the U.S. federal corporate ~~Topic~~income ~~715,~~tax ~~Compensation~~rate -in ~~Retirement~~the ~~Benefits~~Tax Cuts and Jobs Act is recognized.

~~The~~F-8 amendments require that an employer report the service cost component in the same line item or items as other compensation costs arising from services rendered by the pertinent employees during the period. The other components of net benefit cost are required to be presented in the income statement separately from the service cost component and outside a subtotal of income from operations, if one is presented. If a separate line item or items are used to present the other components of net benefit cost, that line item or items must be appropriately described. If a separate line item or items are not used, the line item or items used in the income statement to present the other components of net benefit cost must be disclosed.

~~The~~NOTE ~~amendments~~2 ~~also~~- ~~allow~~RELATED ~~only~~PARTY ~~the~~TRANSACTIONS ~~service cost component to be eligible for capitalization when applicable (e.g., as a cost of internally manufactured inventory or a self-constructed asset).~~

~~The~~Related ~~amendments~~party ~~are~~sales effective for public business entities for annual periods beginning after December 15, 2017, including interim periods within those annual periods. For other entities, the amendments are effective for annual periods beginning after December 15, 2018, and interim periods within annual periods beginning after December 15, 2019. Early adoption is permitted as of the beginning of an annual period for which financial statements (interim or annual) have not been issued or made available for issuance.

~~The~~There ~~FASB~~were ~~has~~no ~~issued~~transactions ~~Accounting~~between ~~Standards~~the ~~Update~~Company ~~(ASU)~~and ~~No.~~any related ~~2017-09,~~party ~~Compensation—Stock~~for ~~Compensation~~the ~~(Topic~~three ~~718)~~months —ended ~~Scope~~March of31, ~~Modification Accounting.~~2018 ~~ASU~~and 2017~~-09~~, ~~applies to entities that change the terms or conditions of a share-based payment award~~respectively.

~~The~~Due ~~FASB adopted ASU 2017-09~~ to ~~provide~~related ~~clarity~~parties and reduce diversity in practice as well as cost and complexity when applying the guidance in Topic 718, Compensation—Stock Compensation, to the modification of the terms and conditions of a share-based payment award.

~~Diversity~~As inof ~~practice~~March ~~has~~31, ~~arisen~~2018 ~~in part because some entities apply modification accounting under Topic 718 for modifications to terms~~ and ~~conditions~~ ~~that~~2017 ~~they~~there ~~consider~~was ~~substantive,~~no ~~but~~payable dodue ~~not when they conclude that particular modifications are not substantive. Others apply modification accounting for any change~~ to ~~an award, except for changes that they consider~~ ~~purely~~related ~~administrative in nature~~parties. Still others apply modification accounting when a change to an award changes the fair value, the vesting, or the classification of the award. In practice, it appears that the evaluation of a change in fair value, vesting, or classification may be used to evaluate whether a change is substantive.

~~Although~~NOTE ~~the~~3 ~~Master~~– ~~Glossary~~SUBSEQUENT ofEVENTS the FASB Accounting Standards Codification™ currently defines the term modification as “a change in any of the terms or conditions of a share-based payment award,” Topic 718 does not contain guidance on what changes are substantive or purely administrative.

The ~~amendments~~Company inevaluated ~~ASU~~all ~~2017-09~~events ~~include~~or ~~guidance~~transactions onthat ~~determining~~occurred ~~which~~after ~~changes~~March to31, ~~the~~2018 ~~terms~~up ~~and~~through ~~conditions~~the ofdate ~~share-based~~the ~~payment~~Company ~~awards~~issued ~~require~~these financial anstatements, ~~entity~~and tofound ~~apply~~no ~~modification~~material ~~accounting~~subsequent ~~under~~events ~~Topic~~are ~~718~~required to be disclosed.

~~These amendments require the entity to account for the effects of a modification unless all of the following conditions are met:~~******

~~• The~~F-9 fair value (or calculated value or intrinsic value, if such an alternative measurement method is used) of the modified award is the same as the fair value (or value using an alternative measurement method) of the original award immediately before the original award is modified. If the modification does not affect any of the inputs to the valuation technique that the entity uses to value the award, the entity is not required to estimate the value immediately before and after the modification;

~~F-9~~Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

~~• The~~This ~~vesting~~quarterly ~~conditions~~report ofcontains forward-looking statements. These statements relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expects”, “plans”, “anticipates”, “believes”, “estimates”, “predicts”, “potential” or “continue” or the negative of these terms or other ~~modified~~comparable ~~award~~terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors, including the ~~same~~risks asin the section ~~vesting~~entitled ~~conditions~~“Risk Factors”, that may cause our or our industry’s actual results, levels of ~~the~~activity, ~~original~~performance ~~award~~or achievements to be materially ~~immediately~~different ~~before~~from ~~the~~any ~~original~~future ~~award~~results, islevels ~~modified;~~of ~~and~~activity, performance or achievements expressed or implied by these forward-looking statements.

~~• The~~Although ~~classification~~we ofbelieve that the expectations reflected in the ~~modified~~forward-looking ~~award~~statements asare anreasonable, ~~equity~~we ~~instrument~~cannot orguarantee afuture ~~liability~~results, levels ~~instrument~~of isactivity, ~~the~~performance ~~same~~or achievements. Except as required by applicable law, including the ~~classification~~securities laws of the ~~original~~United ~~award~~States, ~~immediately~~we ~~before~~do not intend to update any of the ~~original~~forward-looking ~~award~~statements to conform these isstatements ~~modified~~to actual results.

~~The~~Our ~~amendments~~financial statements are ~~effective~~stated ~~for~~in ~~all~~United ~~entities~~States ~~for annual~~Dollars ~~periods,~~(US$) and ~~interim~~are ~~periods~~prepared ~~within~~in ~~those~~accordance ~~annual~~with ~~periods,~~United ~~beginning~~States ~~after~~Generally Accepted ~~December~~Accounting ~~15, 2017~~Principles.

~~Early~~In ~~adoption~~this isquarterly ~~permitted~~report, ~~including~~unless ~~adoption~~otherwise inspecified, ~~any interim~~all ~~period~~dollar ~~for:~~amounts ~~(a)~~are ~~public~~expressed ~~business~~in ~~entities~~United ~~for~~States ~~reporting~~dollars ~~periods for which financial statements have not yet been issued,~~ and ~~(b)~~ all ~~other~~references ~~entities for~~to ~~reporting~~“common ~~periods~~shares” ~~for~~refer ~~which financial statements have not yet been made available for issuance. The amendments should be applied prospectively~~ to ~~an award~~the ~~modified~~common onshares orin ~~after~~our ~~the~~capital ~~adoption date~~stock.

~~F-10~~As used in this current report and unless otherwise indicated, the terms "we", "us" and "our" mean TransAKT Ltd., a Nevada corporation, and our wholly owned subsidiary, TransAKT Bio Agritech Ltd. in Hong Kong (S.A.R).

~~NOTE~~General 2Overview ~~- RELATED PARTY TRANSACTIONS~~

~~Related~~TransAKT ~~party~~Ltd. ~~sales~~was incorporated in the Province of British Columbia on December 10, 1996 as Green Point Resources Inc. On October 18, 2000, we changed our name to Wildcard Wireless Solutions Inc. On June 30, 2001, we filed Articles of Continuance in the Province of Alberta and became an Alberta corporation. On that same day, we conducted an amalgamation with Wildcard Communications Canada Inc., an Alberta corporation, our wholly-owned subsidiary, wherein Wildcard Communications Canada was merged into Wildcard Wireless Solutions Inc. On June 20, 2003, we changed our name to TransAKT Corp. We changed our name from TransAKT Corp. to TransAKT Ltd. on July 12, 2006. Effective December 2, 2010, following approval by our shareholders on November 17, 2010, we re-domesticated our company from the Province of Alberta, Canada and became a Nevada corporation.

~~There~~We ~~were~~have nooperated ~~transactions~~principally ~~between~~as ~~the~~a ~~Company~~research and ~~any~~development company ~~related~~since our inception. Initial seed capital has been directed toward areas ~~party~~of ~~for~~product ~~the~~research ~~nine~~and ~~months~~development, ~~ended~~patent ~~September~~filings 30and administration. We initially focused on the research, ~~2017~~design, development and ~~2016~~manufacturing of mobile payment terminals. However, ~~respectively~~the sale of these payment terminals reached its end-of life due to changes in cellular phone regulations and limited acceptance in the marketplace.

~~Due~~In October 2004, we purchased the existing business and certain assets of IP Mental Inc., a Taiwan-based Voice over Internet Protocol (“VoIP”) hardware and software provider. On November 15, 2006, we acquired Taiwan Harlee International Co. Ltd. (“HTT”), a Taiwan-based leading designer, manufacturer and distributor of telecommunications equipment, including specialized VoIP-compatible phone systems. These acquisitions were intended to ~~related~~enable ~~parties~~us to remain competitive in the marketplace. Our current business is the design, development and manufacturing of telecommunications equipment, including VoIP compatible telephone systems and multi-line cordless telephone systems.

As3 of December 31, 2016, interest expense of $37,333 related to a convertible promissory note was accrued under accrued expenses. The interest expense was payable to Mr Ho Kang-Wing, the president, chief executive officer and director of the Company.

AsOn ofNovember ~~September~~15, 302006, ~~2017~~we ~~there~~acquired HTT, for the sum of $5,000,000. The purchase price was nopaid ~~payable~~by the delivery to the shareholders of HTT of: (i) $200,000 in cash; (ii) $300,000 in a promissory note from us due in cash six months after closing; (iii) 50,000,000 of our common voting shares, with a deemed value of $0.09 per share; and (iv) 5,000,000 of our common voting shares issued to ~~related~~Mr. James Wu as performance-based compensation. Other than the ~~parties~~acquisitions of IP Mental Inc. and HTT, we have generally only had capital expenditures on computer equipment, tools and dies, patents, and trademarks.

~~NOTE~~We 3have –mainly ~~SHARE~~financed our operations through the use of debt and the issuance of equity in private placements. In October 2006, we repaid a loan we took against inventory produced to fund our first commercial run of our payment terminals. We settled the loan for $90,000 using funds raised from the private placement of our shares. In the short-~~BASED~~term ~~COMPENSATION~~and until our sales are sufficient to fund operations, we will continue to finance our operations through debt or equity financing.

On ~~April~~August 1912, ~~2013~~2010, ~~the~~we ~~Company~~filed ~~granted~~a toForm ~~Mr.~~S-4 ~~Christian~~Registration Statement ~~Nielsen,~~in ~~accounting~~connection ~~manager~~with ~~stock~~the ~~options~~continuation of our company from Alberta to ~~purchase~~Nevada. 1We registered 102,~~000~~645,~~000~~120 shares of ~~the Company’s~~ common stock ~~for~~of ~~services~~TransAKT ~~performed~~Ltd. ~~for~~(Nevada) ~~the~~which were ~~Company,~~issued atto anthe ~~exercise~~shareholders ~~price~~ of ~~$0.03~~ ~~per~~TransAKT ~~share~~Ltd. ~~The~~(Alberta) ~~options~~on ~~have~~ a ~~five~~one-~~year~~for-one basis ~~contractual~~to ~~term~~the ~~and~~number ~~are~~of ~~vested~~shares ~~at the~~held ~~date~~by ~~of grant~~them.

InEffective ~~accordance~~June ~~with~~25, 2012, the ~~guidance~~Nevada ~~provided~~Secretary inof ~~ASC~~State ~~Topic 718,~~accepted ~~Stock~~for ~~Compensation,~~filing ~~the~~of ~~compensation~~a ~~costs~~certificate ~~associated~~of ~~with~~amendment, ~~these~~wherein, ~~options~~we ~~are~~amended our articles of ~~recognized,~~incorporation ~~based~~to onincrease the ~~grant-date~~authorized ~~fair~~number ~~values~~ of ~~these~~shares ~~options,~~of ~~over~~our ~~the~~common stock ~~requisite~~from ~~service period~~300,000,000 orto ~~vesting period. Accordingly~~700,000,000 ~~the~~shares ~~Company~~of ~~recognized a~~common ~~compensation~~stock, ~~expense~~par value of $~~56,643~~0.001 ~~for~~per share. ~~the~~Our ~~period~~preferred ~~ended~~stock ~~December~~remains ~~31, 2013~~unchanged.

~~The~~On ~~Company~~May ~~estimated~~3, 2012, we entered into an Asset Purchase and Sale Agreement with Vegfab Agricultural Technology Co. Ltd. (“Vegfab”), a Taiwanese corporation, pursuant to which we intended to acquire the ~~fair~~material ~~value~~assets of Vegfab. ~~these~~Vegfab ~~options~~is in the business of manufacturing innovative indoor agricultural equipment used to grow a large variety of vegetables and fruit using simulated sunlight from LED lamps in a proprietary hydroponic system. Vegfab’s product line includes systems for commercial production and a home growing system which allows families to grow safe and clean fruit and vegetables in their own homes. Prior to completion of the transaction we and Vegfab elected ~~Black-Scholes-Merton~~instead ~~option~~to ~~pricing~~proceed ~~model~~by ~~based~~way onof a share purchase and, effective July 16, 2012, we acquired all outstanding securities of Vegfab. In consideration of the ~~following~~Vegfab ~~weighted~~securities, we had paid $1,000,000 in cash and issued 150,000,000 shares of our common stock to the shareholders of Vegfab which constituted approximately 37.2% of our common stock at the time of closing. As a result of the transaction Vegfab became our wholly owned subsidiary and primary business unit. Vegfab has since become engaged in the operation of a plant factory in Taiwan for the production of pesticide-~~average~~free ~~assumptions:~~vegetables.

Date of grant		19-Apr-13
Fair value of common stock on date of grant (A)	$	0.06
Exercise price of the options	$	0.03
Expected life of the options (years)		0.50
Dividend yield		0.00%
Expected volatility		223.57%
Risk-free interest rate		0.27%
Expected forfeiture per year (%)		0.00%
Weighted-average fair value of the options (per unit)	$	0.0566

Previously, we entered into a performance compensation agreement dated June 15, 2006 with James Wu, our president and chief executive officer, pursuant to which our company was required to pay Mr. Wu share compensation of 10% of the value of any venture acquisition that Mr. Wu secured for our company. As a result, in July 2012, we issued to Mr. Wu 18,333,333 shares of our company’s common stock with respect to the acquisition of Vegfab.

~~(A)~~On ~~The~~January ~~fair~~4, ~~value~~2013, we entered into a share purchase and sale agreement with Mr. Pan Yen Chu pursuant to which we sold to Mr. Pan 100% of all issued and outstanding securities in our wholly owned subsidiary HTT. In consideration of the ~~Company's~~sale of HTT, Mr. Pan has transferred to our company 45,000,000 previously issued common ~~stock~~voting ~~was~~shares ~~obtained~~of ~~from~~our company with a deemed value of $0.04 per share or $1.8 million in the ~~closing~~aggregate. ~~price~~The transfer of common shares was completed on January 7, 2013. In connection with the ~~OTC~~sale ~~Bulletin~~HTT, the ~~Board~~45,000,000 ascommon shares of ~~the~~our ~~dates~~company received as consideration will be returned to treasury. The 45,000,000 shares constitute approximately 11.5% of our ~~grant~~company’s currently issued and outstanding common stock.

~~Fair~~On ~~value~~October ~~hierarchy~~30, 2013, Million Talent Ltd., a third party, contributed $516 (equals to HKD 4,000) to obtain 40% ownership of TransAKT Bio Agritech Ltd., formerly named as TransAKT (H.K) Ltd., (“TransAKT H.K.”). TransAKT H.K. was incorporated in Hong Kong on November 20, 2007. It had no operation until 2013. TransAKT H.K.'s primary business is conducting research and development on new agricultural technology relating to the ~~above~~Company’s ~~assumptions~~business. ~~can~~On beMay 6, 2015, the Company acquired the ~~categorized~~remaining as40% ~~follows:~~of the equity interest from Million Talent Ltd. As such, the Company wholly owned its subsidiary of TransAKT BIO Agritech Ltd.

(1)	Level 1 inputs include:
	Fair value of common stock on date of grant- Obtained from the closing price of the Company’s common stock quoted on the OTC Bulletin Board as of the date of grant.
(2)	Level 2 inputs include:
	Expected volatility- Based on historical volatility of the closing price of the Company’s common stock quoted on the OTC Bulletin Board.

FOn June 30, 2015, our wholly owned subsidiary, TransAKT Taiwan Ltd., entered into a Share Transfer Agreement among Vegfab Agricultural Technology Co. Ltd. and a third party pursuant to which the third party acquired 100% of of Vegfab Agricultural Technology Co. Ltd. in consideration of $100,000. Vegfab Agricultural Technology Co. Ltd. was the sole material asset of TransAKT Taiwan Ltd. and its parent company (and subsidiary of the Company), TransAKT Holdings Ltd., a Turks and Caicos company. Subsequent to the sale of Vegfab Agricultural Technology Co. Ltd., pursuant to a Share Purchase Agreement dated June 30, 2015 with the Company’s former President, Chief Executive Officer and Director, the Company sold TransAKT Holdings Ltd. (and its subsidiary, TransAKT Taiwan Ltd.) to the former (non-11affiliated) officer and director in consideration of $100,000. All intercompany debts between TransAKT Holdings Ltd. and the formerly affiliated companies were cancelled as a result of the transaction.

~~Risk-free~~A ~~rate-~~20 ~~The~~to ~~risk-free~~1 ~~rate~~reversed ofstock ~~return~~split ~~reflects~~was approved by the Board of ~~interest~~Directors ~~rate~~on ~~for~~November ~~United~~9, ~~States~~2015, ~~Treasury~~by ~~Note~~majority ~~with~~of ~~similar~~shareholders ~~time-to-maturity~~on April 1, 2016, by FINRA on June 20, 2016 and effective on June 23, 2016. The issued and outstanding common stock was consolidated from 613,447,306 to 30,672,387 with ~~that~~fractional ofshare ~~the~~round ~~options~~up to 1 share.

(3)	Level 3 inputs include:
	Expected lives- The expected lives of options granted were derived from the output of the option valuation model and represented the period of time that options granted are expected to be outstanding.
	Expected forfeitures per year- The expected forfeitures are estimated at the dates of grant and will be revised in subsequent periods pursuant to actual forfeitures, if significantly different from the previous estimates.

Our Current Business

~~The~~We ~~estimates~~began operations in 1997 and commercialized our first product line of ~~fair~~wireless ~~value~~point-of-sale ~~from~~(“WPOS”) ~~the~~terminals ~~model~~in ~~are~~April ~~theoretical~~2003. With ~~values~~the use of ~~stock~~cellular ~~options~~phones, ~~and~~these terminals allow merchants to accept payments anywhere, anytime. However, our WPOS terminals were discontinued due to changes in cellular phone regulations and limited acceptance in the ~~assumptions~~marketplace. ~~used~~In October in2004, through the ~~model~~acquisition ~~could~~of the business and certain assets of IP ~~result~~Mental inInc., ~~materially~~we ~~different~~entered ~~fair~~the ~~value~~VoIP ~~estimates~~business. ~~The~~On ~~actual~~November ~~value~~15, 2006, we acquired Taiwan Harlee International Co. Ltd. (“HTT”), a Taiwan-based leading designer, manufacturer and distributor of ~~the~~telecommunications equipment, including ~~stock~~specialized ~~options~~VoIP-compatible ~~will~~phone ~~depend~~systems. onThese acquisitions were intended to enable us to remain competitive in the ~~market~~VoIP ~~value~~marketplace ofby engaging in the design, ~~Company’s~~development, ~~common~~manufacturing ~~stock~~and ~~when~~sale of telecommunications equipment, ~~the~~including ~~stock~~VoIP ~~options~~compatible ~~are~~telephone ~~exercised~~systems and multiline cordless telephone systems.

OnEffective ~~June~~July 2316, ~~2016~~2012, ~~the~~we ~~company~~acquired ~~consolidated~~all ~~its~~outstanding ~~issued and~~securities ~~outstanding~~of ~~common~~Vegfab ~~shares~~Agricultural ~~from~~Technology ~~613~~Co. Ltd. (“Vegfab”),~~447,306~~ ~~shares~~a toTaiwanese 30corporation,~~672,387~~ With ~~shares~~the onacquisition of Vegfab we entered the business of manufacturing ~~basis~~agricultural equipment used to grow a large variety of 1vegetables ~~new~~and ~~common~~fruit using ~~share~~simulated sunlight from LED lamps in a proprietary hydroponic system. Vegfab’s product line includes systems for 20commercial ~~old~~production ~~common~~and ~~shares~~a ~~(the~~home growing ~~“Reverse~~system ~~Stock~~which allows families to grow safe and clean fruit and vegetables ~~Split”)~~in their own homes.As aVegfab ~~result,~~has since become engaged in the ~~grant~~operation ~~option~~of ~~has~~a ~~been~~plant factory ~~adjusted~~in toTaiwan ~~50,000~~for ~~shares~~the production of pesticide-free vegetables.

~~Options~~Concurrently ~~issued~~with our acquisition of Vegfab, our management began planning our exit from the VoIP telecommunications business owing to diminishing growth opportunities for our Company in that industry. Subsequently, on January 4, 2013, we entered into a share purchase and ~~outstanding~~sale asagreement with Mr. Pan Yen Chu pursuant to which we sold to Mr. Pan 100% of ~~September~~all ~~30,~~issued ~~2017~~and outstanding securities in our wholly owned subsidiary HTT in consideration for the cancellation and return to treasury of 45,000,000 previously issued common ~~their~~voting ~~activities~~shares ~~during~~of our company with a deemed value of $0.04 per share or $1.8 million in the ~~nine~~aggregate. ~~months~~The ~~then~~transfer ~~ended~~of ~~are~~common asshares ~~follows:~~was completed on January 7, 2013. The 45,000,000 shares constitute approximately 11.5% of our company’s currently issued and outstanding common stock.

				Weighted-Average
	Number of		Weighted-Average	Contractual Life
	Underlying		Exercise Price Per	Remaining in
	Shares		Share	Years
Outstanding as of January 1, 2017	-	$	-
Granted – Before reverse split	1,000,000		0.03
Granted – After reverse split	50,000		0.6
Expired	-		-
Forfeited	-		-
Outstanding as of September 30, 2017	50,000		0.6	0.5
Exercisable as of September 30, 2017	50,000		0.6	0.5
Vested and expected to vest	50,000		0.6	0.5

As a result of our sale of HTT and Vegfab Agricultural Technology Co. Ltd. TransAKT BIO Aritech Ltd. has become our primary business unit.

As5 ~~of September 30, 2017, the aggregate intrinsic value of options outstanding was $0.~~

~~NOTE~~Subsequent 4to –our ~~DEPOSIT~~sale ~~PAID~~of Vegfab, we continue to be engaged in the sale and distribution of indoor agricultural equipment, including lighting, irrigation and hydroponic growing systems. We purchase inventory from third party manufacturers and re-sell equipment to various indoor agricultural operators located in Asia. Our primary markets are Taiwain, Hong Kong, Mainland China, and Singapore.

~~The~~We ~~Company~~incurred ~~paid~~a ~~$300,000~~net loss attributable to acommon ~~third~~stockholders ~~party~~of $54,046 inand $69,640 during the ~~first~~three ~~quarter~~months ended March 31, 2018 and 2017, inrespectively, ~~deposit~~and ~~for~~had an ~~investment~~accumulated ~~project~~deficit of $22,404,572 ~~which~~and is$22,350,526 ~~still~~as of ~~under~~March ~~preliminary~~31, ~~stage~~2018 ofand December 31, 2017, respectively. In addition, we expect to ~~negotiation~~incur an operating loss in the 2018 fiscal year.

~~NOTE~~Cash 5Requirements ~~– SUBSEQUENT EVENTS~~

~~The~~We ~~Company~~used ~~evaluated~~cash ~~all~~in ~~events~~operations orof ~~transactions~~$48,150 ~~that~~for ~~occurred~~the three months ~~after~~ended ~~September~~March 3031, ~~2017~~2018. upWe ~~through~~continue ~~the~~to ~~date~~be dependent on the ~~Company~~proceeds ~~issued~~of ~~these~~equity ~~financial~~and ~~statements~~non-equity financing to fund our operations. No assurances can be given that our actual cash requirements will fall within our budget, ~~and~~that ~~found~~anticipated norevenues will ~~material~~be ~~subsequent~~realized ~~events~~when ~~are~~needed, ~~required~~that tolines of credit will be available to us if ~~disclosed~~required, or that additional capital will be available to us. We anticipate that over the next twelve months, beginning January 1, 2018, we will need a minimum of $250,000 to sustain operations and market our products effectively.

~~******~~Our plan of operations for fiscal 2018 includes the following budgeted expenditures:

F-12

12 Month Capital Requirements Forecast	USD¹
	Beginning January 1, 2018
Salaries	$120,000
Accounting and Legal Expenses	$50,000
Public company reporting costs	$20,000
Selling, general and administrative expense	$5,000
Contingency	$55,000
Total	$250,000

~~Item 2~~1. ~~Management’s~~Based ~~Discussion~~on ~~and~~2017 ~~Analysis~~average ofexchange ~~Financial~~rate ~~Condition and Results~~ of ~~Operations~~$0.128

~~This~~As ~~quarterly~~of ~~report~~May ~~contains~~15, ~~forward-looking statements. These statements relate to future events or our future financial performance. In some cases~~2018, ~~you~~we ~~can~~will ~~identify~~require ~~forward-looking~~additional ~~statements~~financing ~~by terminology such as~~of ~~“may”,~~approximately ~~“should”~~$250,000 ~~“expects”,~~to ~~“plans”,~~execute ~~“anticipates”,~~our ~~“believes”,~~business ~~“estimates”, “predicts”,~~strategy ~~“potential”~~for orfiscal ~~“continue” or the negative of these terms or other comparable terminology~~2018. ~~These~~If ~~statements~~ we are ~~only~~unable ~~predictions~~to ~~and~~raise ~~involve~~sufficient ~~known and unknown risks~~financing, ~~uncertainties~~we ~~and~~intend ~~other~~to ~~factors,~~scale ~~including~~back ~~the~~our ~~risks~~ business in ~~the section~~order ~~entitled~~to ~~“Risk~~accommodate ~~Factors”,~~available ~~that~~financing ~~may cause our~~ or ~~our~~revenue ~~industry’s~~streams ~~actual results,~~derived ~~levels of activity, performance or achievements to be materially different~~ from ~~any future results, levels of activity, performance or~~our ~~achievements~~current ~~expressed or implied by these forward-looking statements~~operations.

~~Although~~Results weof ~~believe~~Operations ~~that~~for the ~~expectations~~Three ~~reflected~~Months inEnded ~~the~~March ~~forward-looking statements are reasonable~~31, we2018 ~~cannot~~and ~~guarantee~~2017 future results, levels of activity, performance or achievements. Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking statements to conform these statements to actual results.

Our ~~financial~~operating ~~statements~~results ~~are~~for ~~stated~~the inthree ~~United~~months ~~States~~ended ~~Dollars (US$)~~March 31, 2018 and 2017 are ~~prepared~~summarized inas ~~accordance~~follows: ~~with United States Generally Accepted Accounting Principles.~~

In this quarterly report, unless otherwise specified, all dollar amounts are expressed in United States dollars and all references to “common shares” refer to the common shares in our capital stock.

	Three Months ended	Three Months ended
	March 31, 2018	March 31, 2017
	($)	($)
Operating revenues	-	-
Operating costs and expenses	54,040	56,370
Loss from operations	54,040	56,370
Other expenses	6	13,270
Net loss	54,046	69,640
Net loss attributable to non-controlling interest	-	-
Net loss attributable to TRANSAKT LTD.	54,046	69,640

Net loss per share (basic and diluted)	0.0004	0.0024

As6 used in this current report and unless otherwise indicated, the terms "we", "us" and "our" mean TransAKT Ltd., a Nevada corporation, and our wholly owned subsidiary, TransAKT Bio Agritech Ltd. in Hong Kong (S.A.R).

~~General~~Net ~~Overview~~Revenues and Cost of Sales

~~TransAKT~~There ~~Ltd.~~were ~~was~~no ~~incorporated~~revenues infor the ~~Province~~three ofmonths ~~British Columbia~~ended onMarch ~~December 10~~31, ~~1996 as Green Point Resources Inc. On October 18, 2000,~~ we2018 ~~changed our name to Wildcard Wireless Solutions Inc. On June 30, 2001, we filed Articles of Continuance in the Province of Alberta~~ and ~~became~~2017 ~~an Alberta corporation~~respectively. On that same day, we conducted an amalgamation with Wildcard Communications Canada Inc., an Alberta corporation, our wholly-owned subsidiary, wherein Wildcard Communications Canada was merged into Wildcard Wireless Solutions Inc. On June 20, 2003, we changed our name to TransAKT Corp. We changed our name from TransAKT Corp. to TransAKT Ltd. on July 12, 2006. Effective December 2, 2010, following approval by our shareholders on November 17, 2010, we re-domesticated our company from the Province of Alberta, Canada and became a Nevada corporation.

WeOperating ~~have~~Expenses operated principally as a research and development company since our inception. Initial seed capital has been directed toward areas of product research and development, patent filings and administration. We initially focused on the research, design, development and manufacturing of mobile payment terminals. However, the sale of these payment terminals reached its end-of life due to changes in cellular phone regulations and limited acceptance in the marketplace.

InOperating ~~October~~expenses ~~2004~~were $54,040 wefor ~~purchased~~ the ~~existing~~three ~~business~~months ~~and certain~~ended ~~assets~~March of31, ~~IP Mental Inc.~~2018, acompared ~~Taiwan-based~~to ~~Voice~~$56,370 ~~over~~for ~~Internet~~the ~~Protocol~~three ~~(“VoIP”) hardware~~months ~~and~~ended ~~software~~March ~~provider. On November 15~~31, ~~2006~~2017, ~~we acquired Taiwan Harlee~~ ~~International~~representing ~~Co. Ltd. (“HTT”),~~ a ~~Taiwan-based~~decrease ~~leading designer, manufacturer and distributor~~ of ~~telecommunications equipment~~$2, ~~including specialized VoIP-compatible phone systems~~330. ~~These~~The ~~acquisitions~~decrease ~~were~~in ~~intended~~operating toexpenses ~~enable~~was primarily usdue to ~~remain~~ ~~competitive in~~ the ~~marketplace.~~tightening ~~Our~~budget ~~business~~during ~~was~~ the ~~design, development and manufacturing of telecommunications equipment, including VoIP compatible telephone systems and multi-line cordless telephone systems~~period.

3Loss from Operations

OnLoss ~~November~~from ~~15,~~operations ~~2006,~~were ~~we acquired HTT~~$54,040 for the ~~sum~~three ~~of $5,000,000.~~months ~~The purchase price was paid by the delivery to the shareholders of~~ended ~~HTT~~March ~~of:~~31, ~~(i) $200~~2018,~~000~~ incompared ~~cash;~~to ~~(ii)~~ $~~300~~56,~~000~~370 infor athe ~~promissory~~three ~~note from us due in cash six~~ months ~~after~~ended ~~closing;~~March ~~(iii) 50~~31,~~000,000~~ ~~of our common voting shares~~2017, ~~with~~representing aan ~~deemed~~decrease ~~value~~ of $~~0.09~~2,330 ~~per~~The ~~share;~~decrease ~~and~~in ~~(iv)~~loss ~~5,000,000~~from ofoperations ~~our common voting~~was ~~shares~~primarily ~~issued~~due to ~~Mr.~~the ~~James~~tightening Wubudget asduring ~~performance-based compensation. Other than~~ the ~~acquisitions~~ ~~of IP Mental Inc~~period. ~~and HTT, we have generally only had capital expenditures on computer equipment, tools and dies, patents, and trademarks.~~

WeOther ~~have~~Expenses mainly financed our operations through the use of debt and the issuance of equity in private placements. In October 2006, we repaid a loan we took against inventory produced to fund our first commercial run of our payment terminals. We settled the loan for $90,000 using funds raised from the private placement of our shares. In the short-term and until our sales are sufficient to fund operations, we will continue to finance our operations through debt or equity financing.

OnOther ~~August~~expenses ~~12,~~were ~~2010,~~decreased weby ~~filed~~approximately a$13,264 ~~Form~~to ~~S-4 Registration Statement~~$6 infor ~~connection~~the ~~with~~three ~~the~~months ~~continuation~~ended ofMarch ~~our~~31, ~~company~~2018 from ~~Alberta to Nevada. We registered 102~~$13,~~645,120~~270 ~~shares of common stock of TransAKT Ltd. (Nevada) which were issued to the shareholders of TransAKT Ltd. (Alberta) on a one-~~for~~-one basis~~ to the ~~number~~same ofperiod ~~shares held by them~~in 2017.

~~Effective~~Net ~~June~~Income ~~25,~~(Loss) ~~2012,~~attributable ~~the Nevada Secretary of State accepted for filing a certificate of amendment, wherein, we amended our articles of incorporation~~ to ~~increase~~TRANSAKT ~~the authorized number of shares of our common stock from 300,000,000 to 700,000,000 shares of common stock, par value of $0~~LTD.~~001 per~~ ~~share. Our preferred stock remains unchanged.~~

OnAs ~~May~~a 3,result ~~2012,~~of wethe ~~entered~~above ~~into an Asset Purchase and Sale Agreement with Vegfab Agricultural Technology Co. Ltd. (“Vegfab”)~~factors, ~~a Taiwanese corporation, pursuant to which~~ we ~~intended~~have tonet ~~acquire~~loss ~~the material assets of~~attributable ~~Vegfab.~~to ~~Vegfab is in~~ the business of manufacturing innovative indoor agricultural equipment used to grow a large variety of vegetables and fruit using simulated sunlight from LED lamps in a proprietary hydroponic system. VegfabCompany’s ~~product~~common ~~line~~stockholders ~~includes systems for commercial production and a home growing system which allows families to grow safe and clean fruit and vegetables in their own homes. Prior to completion~~ of ~~the~~approximately ~~transaction we and Vegfab elected instead to proceed by way of a share purchase and~~$54,046 ~~effective~~for ~~July 16, 2012, we acquired all outstanding securities of Vegfab. In consideration of~~ the ~~Vegfab~~three ~~securities,~~months weended ~~had~~March ~~paid $1~~31,~~000,000~~ in2018 ~~cash~~compared ~~and~~to ~~issued~~approximately ~~150~~$69,~~000,000~~640 ~~shares~~for ~~of our common stock to~~ the ~~shareholders of Vegfab which constituted approximately 37.2%~~three ofmonths ~~our~~ended ~~common~~March ~~stock~~31, at2017, ~~the~~representing ~~time of closing. As~~ a ~~result~~decrease of ~~the~~$15,594 ~~transaction Vegfab~~or ~~became our wholly owned subsidiary and primary business unit. Vegfab has~~approximately ~~since become engaged in the operation of a plant factory in Taiwan for the production of pesticide-free vegetables~~22%.

~~Previously,~~Liquidity ~~we entered into a performance compensation agreement dated June 15, 2006 with James Wu, our president~~ and ~~chief~~Capital executive officer, pursuant to which our company was required to pay Mr. Wu share compensation of 10% of the value of any venture acquisition that Mr. Wu secured for our company. As a result, in July 2012, we issued to Mr. Wu 18,333,333 shares of our company’s common stock with respect to the acquisition of Vegfab. Resources

OnOur ~~January~~financial 4,position ~~2013,~~as ~~we entered into a share purchase and sale agreement with Mr. Pan Yen Chu pursuant to which we sold to Mr. Pan 100%~~ of ~~all issued~~March ~~and outstanding securities in our wholly owned subsidiary HTT. In consideration of the sale of HTT~~31, ~~Mr.~~2018 ~~Pan~~and ~~has~~December ~~transferred to our company 45~~31,~~000,000 previously issued common voting shares of our company with a deemed~~ ~~value~~2017 ofand ~~$0.04 per share or $1.8 million in~~ the ~~aggregate.~~changes ~~The~~for ~~transfer of common shares was completed on January 7, 2013. In connection with~~ the ~~sale~~periods ~~HTT, the~~then ~~45,000,000~~ended ~~common~~are ~~shares of our company received~~ as ~~consideration~~follows: ~~will be returned to treasury. The 45,000,000 shares constitute approximately 11.5% of our company’s currently issued and outstanding common stock.~~

OnWorking ~~October~~Capital 30, 2013, Million Talent Ltd., a third party, contributed $516 (equals to HKD 4,000) to obtain 40% ownership of TransAKT Bio Agritech Ltd., formerly named as TransAKT (H.K) Ltd., (“TransAKT H.K.”). TransAKT H.K. was incorporated in Hong Kong on November 20, 2007. It had no operation until 2013. TransAKT H.K.'s primary business is conducting research and development on new agricultural technology relating to the Company’s business. On May 6, 2015, the Company acquired the remaining 40% of the equity interest from Million Talent Ltd. As such, the Company wholly owned its subsidiary of TransAKT BIO Agritech Ltd.

		As of		As of
		March 31, 2018		December 31, 2017
Current Assets	$	387,508	$	445,630
Current Liabilities	$	31,552	$	35,656
Working Capital	$	355,956	$	409,974

On7 June 30, 2015, our wholly owned subsidiary, TransAKT Taiwan Ltd., entered into a Share Transfer Agreement among Vegfab Agricultural Technology Co. Ltd. and a third party pursuant to which the third party acquired 100% of of Vegfab Agricultural Technology Co. Ltd. in consideration of $100,000. Vegfab Agricultural Technology Co. Ltd. was the sole material asset of TransAKT Taiwan Ltd. and its parent company (and subsidiary of the Company), TransAKT Holdings Ltd., a Turks and Caicos company. Subsequent to the sale of Vegfab Agricultural Technology Co. Ltd., pursuant to a Share Purchase Agreement dated June 30, 2015 with the Company’s former President, Chief Executive Officer and Director, the Company sold TransAKT Holdings Ltd. (and its subsidiary, TransAKT Taiwan Ltd.) to the former (non-affiliated) officer and director in consideration of $100,000. All intercompany debts between TransAKT Holdings Ltd. and the formerly affiliated companies were cancelled as a result of the transaction.

AOur 20working tocapital 1decreased ~~reverse~~from ~~stock split was approved by the Board of Directors on November 9~~$409,974 ~~2015,~~at ~~and~~December ~~by a majority of shareholders on April 1~~31, ~~2016,~~2017 byto ~~FINRA~~$355,956 onat ~~June~~March 2031, ~~2016 and effective on June 23~~2018, ~~2016.~~primarily ~~The~~as ~~issued~~a ~~and outstanding~~result ~~common~~of ~~stock~~the ~~was~~operating ~~consolidated from 613,447,306 to 30,672,387 with~~loss ~~fractional~~during ~~shares~~the ~~rounded up to 1 whole share~~period.

~~Our~~Cash ~~Current~~Flows ~~Business~~

We began operations in 1997 and commercialized our first product line of wireless point-of-sale (“WPOS”) terminals in April 2003. With the use of cellular phones, these terminals allow merchants to accept payments anywhere, anytime. However, our WPOS terminals were discontinued due to changes in cellular phone regulations and limited acceptance in the marketplace. In October 2004, through the acquisition of the business and certain assets of IP Mental Inc., we entered the VoIP business. On November 15, 2006, we acquired Taiwan Harlee International Co. Ltd. (“HTT”), a Taiwan-based leading designer, manufacturer and distributor of telecommunications equipment, including specialized VoIP-compatible phone systems. These acquisitions were intended to enable us to remain competitive in the VoIP marketplace by engaging in the design, development, manufacturing and sale of telecommunications equipment, including VoIP compatible telephone systems and multiline cordless telephone systems.

		Three months			Three months
		Ended			Ended
		March 31, 2018			March 31, 2017
Net cash used in operating activities	$	48,150		$	336,739
Net cash used in investing activities	$	-		$	-
Net cash provided by financing activities	$	-		$	-

Net increase (decrease) in Cash and Cash Equivalents during the period	$	(48,122	)	$	(336,824	)
Cash and Cash Equivalents, beginning of period	$	435,630		$	638,601
Cash and Cash Equivalents, end of period	$	387,508		$	301,777

~~Effective~~Operating ~~July~~Activities 16, 2012, we acquired all outstanding securities of Vegfab Agricultural Technology Co. Ltd. (“Vegfab”), a Taiwanese corporation, With the acquisition of Vegfab we entered the business of manufacturing agricultural equipment used to grow a large variety of vegetables and fruit using simulated sunlight from LED lamps in a proprietary hydroponic system. Vegfab’s product line includes systems for commercial production and a home growing system which allows families to grow safe and clean fruit and vegetables in their own homes. Vegfab has since become engaged in the operation of a plant factory in Taiwan for the production of pesticide-free vegetables.

~~Concurrently~~Net ~~with~~cash ~~our~~flow ~~acquisition~~used ofin ~~Vegfab,~~operating ~~our~~activities ~~management began~~during ~~planning our exit from~~ the ~~VoIP telecommunications business owing to~~three ~~diminishing~~months ~~growth~~ended ~~opportunities~~March ~~for~~31, ~~our~~2018 ~~Company~~was ~~in that industry. Subsequently~~$48, ~~on January 4~~150, ~~2013,~~representing ~~we entered into~~ a ~~share~~decrease ~~purchase~~of ~~and sale agreement with Mr.~~288,589 ~~Pan~~compared ~~Yen Chu pursuant~~ to ~~which~~net wecash ~~sold~~flow toused ~~Mr.~~in ~~Pan~~operating ~~100%~~activities of ~~all~~$336,739 ~~issued~~during ~~and~~the ~~outstanding~~three ~~securities~~months inended ~~our~~March ~~wholly~~31, ~~owned~~2017. ~~subsidiary~~The ~~HTT~~decrease in ~~consideration for~~ the ~~cancellation~~cash ~~and~~used ~~return~~in ~~to treasury of 45,000,000 previously issued common~~operating ~~voting~~activities ~~shares~~was ofprimarily ~~our~~due ~~company~~to ~~with a deemed value of $0.04 per share or $1.8 million in~~ the ~~aggregate.~~deposit ~~The~~paid ~~transfer~~ of ~~common shares was completed on January 7~~$300, ~~2013. The 45,~~000~~,000~~ ~~shares~~to ~~constitute~~a ~~approximately 11.5% of our company’s~~potential ~~currently~~investment ~~issued~~in ~~and outstanding common stock~~2017.

AsInvesting aActivities ~~result of our sale of HTT and Vegfab Agricultural Technology Co. Ltd., TransAKT BIO Aritech Ltd. has become our primary business unit.~~

5Net cash flow used in investing activities during the three months ended March 31, 2018 was $0, no change compared to net cash used in investing activities during the three months ended March 31, 2017.

~~Subsequent~~Financing toActivities our sale of Vegfab, we continue to be engaged in the sale and distribution of indoor agricultural equipment, including lighting, irrigation and hydroponic growing systems. We purchase inventory from third party manufacturers and re-sell equipment to various indoor agricultural operators located in Asia. Our primary markets are Taiwain, Hong Kong, Mainland China, and Singapore.

WeNet ~~incurred~~cash aflow ~~net~~provided ~~loss~~by ~~attributable~~financing toactivities ~~common stockholders of $159,544 and $213,199~~ during the ~~nine~~ three months ended ~~September~~March 3031, ~~2017~~2018 ~~and~~was ~~2016~~$0, ~~respectively,~~ ~~and~~compared ~~had~~to annet ~~accumulated~~cash ~~deficit~~provided ofby ~~$22,289,130~~financing activities ~~and~~of $~~22,129,586~~0 ~~as of~~during ~~September~~the ~~30,~~three ~~2017~~months ~~and~~ended ~~December~~March 31, ~~2016, respectively. In addition, we expect to incur an operating loss in the~~ 2017 ~~fiscal year~~.

~~About~~Critical ~~Our~~Accounting ~~Products~~Policies

WePrinciples ~~supply indoor agricultural equipment to commercial producers~~ of fruits and vegetables. Our products are focused on fully enclosed greenhouses which rely on artificially controlled ambient conditions as temperature, humidity, nutrition and lighting. Products include complete growing systems consisting of proprietary simulated sunlight LED boards, growing racks in various configurations for commercial and residential applications, environment control and plant nutrition control components.Consolidation

~~Cash~~The ~~Requirements~~consolidated financial statements include the accounts of TransAKT BIO Agritech Ltd., collectively referred to within as our company. All material intercompany accounts, transactions, and profits have been eliminated in consolidation.

WeUse ~~used cash in operations~~ of ~~$443,750~~Estimates for the nine months ended September 30, 2017. We continue to be dependent on the proceeds of equity and non-equity financing to fund our operations. No assurances can be given that our actual cash requirements will fall within our budget, that anticipated revenues will be realized when needed, that lines of credit will be available to us if required, or that additional capital will be available to us. We anticipate that over the next twelve months, beginning January 1, 2017, we will need a minimum of $1,400,000 to sustain our operations and market our products effectively, and execute our business plan.

~~Our~~The ~~plan~~preparation of ~~operations~~financial ~~for~~statements ~~fiscal~~in ~~2017~~conformity ~~includes~~with generally accepted accounting principles in the ~~following~~United States (“GAAP”) requires ~~budgeted~~management ~~expenditures:~~to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

12 Month Capital Requirements Forecast	USD2
	Beginning January 1, 2017
Capital required for expansion plans1	$1,000,000
Salaries	$115,000
Accounting and Legal Expenses	$75,000
Public company reporting costs	$17,500
Selling, general and administrative expense	$100,000
Contingency	$100,000
Total	$1,407,500

	1.	Capital for plan to acquire a plant factory in China and further R&D expenses.
	2.	Based on 2016 average exchange rate of $0.128625

Revenue Recognition

AsRevenues ofare ~~November~~recognized ~~15,~~when ~~2017,~~finished weproducts ~~will~~are ~~require~~shipped ~~additional financing~~to ofcustomers ~~approximately~~and ~~$1,400,000~~both totitle ~~execute~~and ~~our~~the ~~business~~risks ~~strategy~~and ~~for~~rewards ~~fiscal~~of ~~2017.~~ownership ~~If we~~ are ~~unable~~transferred and tocollectability ~~raise~~is ~~sufficient~~reasonably ~~financing,~~assured. weThe ~~intend~~Company’s torevenues ~~scale~~are ~~back our~~recorded ~~business~~upon inconfirmed ~~order~~acceptance toafter ~~accommodate~~inspection ~~available~~by ~~financing~~the orcustomers ~~revenue~~of ~~streams~~the ~~derived from our current operations~~Company.

6Exchange Gain (Loss):

~~Results~~During the three months ended March 31, 2018 and 2017, the transactions of ~~Operations~~TransAKT ~~for~~Bio Agritech Ltd. were denominated in foreign currency and were recorded in Hong Kong Dollar (HKD) at the ~~three~~rates ~~Months~~of ~~Ended~~exchange in effect ~~September~~when ~~30,~~the ~~2017~~transactions occur. Exchange gains and ~~2016~~losses are recognized for the different foreign exchange rates applied when the foreign currency assets and liabilities are settled.

~~Our~~Translation ~~operating~~Adjustment ~~results for the three months ended September 30, 2017 and 2016 are summarized as follows:~~

	Three Months ended		Three Months ended
	September 30, 2017		September 30, 2016
	($)		($)
Operating revenues	-		-
Operating costs and expenses	43,261		49,883
Loss from operations	(43,261	)	(49,883	)
Other expenses	(12	)	(21,366	)
Provision for income taxes expense (benefit)	-		-
Net loss	(43,273	)	(71,249	)
Net loss attributable to non-controlling interest	-		-
Net loss attributable to TRANSAKT LTD.	(43,273	)	(71,249	)
Net loss per share (basic and diluted)	(0.0003	)	(0.0023	)

~~Net~~In ~~Revenues~~accordance with ASC 830, Foreign Currency Matters, the Company translates the assets and ~~Cost~~liabilities into U.S. dollar ($) using the rate of ~~Sales~~exchange prevailing at the balance sheet date and the statements of operations and cash flows are translated at an average rate during the reporting period. Adjustments resulting from the translation from HKD into U.S. dollar are recorded in stockholders’ equity as part of accumulated other comprehensive income.

~~There~~Comprehensive ~~were~~Income ~~no revenues for the three months ended September 30, 2017 and 2016 respectively.~~

~~Operating~~Comprehensive ~~Expenses~~income includes accumulated foreign currency translation gains and losses. The Company has reported the components of comprehensive income on its statements of stockholders’ equity.

~~Operating~~Advertising expenses were $43,261 for the three months ended September 30, 2017, compared to $49,883 for the three months ended September 30, 2016, representing a decrease of $6,622. The decrease in operating expenses was primarily due to tightening our budget during the period.

~~Loss~~Advertising ~~from~~expenses ~~Operations~~consist primarily of costs of promotion for corporate image and product marketing and costs of direct advertising. The Company expenses all advertising costs as incurred.

~~Loss~~Income ~~from~~Taxes operations was $43,261 for the three months ended September 30, 2017, compared to $49,883 for the three months ended September 30, 2016, representing a decrease of $6,622 The decrease in operating loss was primarily due to tightening our budget during the period.

~~Other~~The ~~Expenses~~Company accounts for income taxes in accordance with ASC 740, Income Taxes, which requires that the Company recognize deferred tax liabilities and assets 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 the differences are expected to reverse. Deferred income tax benefit (expense) results from the change in net deferred tax assets or deferred tax liabilities. A valuation allowance is recorded when, in the opinion of management, it is more likely than not that some or all of any deferred tax assets will not be realized.

~~Other~~Statement ~~expenses were decreased by $21,354 to $12 for the three months ended September 30, 2017 from $21,366 for the same period in 2016. The decrease was mainly due to the interest expenses~~ of ~~$17,333~~Cash ~~paid~~Flows ~~in respect of a promissory note during the comparable period.~~

~~Net~~In ~~Income~~accordance with generally accepted accounting principles (~~Loss~~GAAP), ~~attributable~~cash toflows ~~TRANSAKT~~from ~~LTD~~the Company’s operations are based upon the local currencies. As a result, amounts related to assets and liabilities reported on the statement of cash flows will not necessarily agree with changes in the corresponding balances on the balance sheet.

AsConcentration ~~a result~~ of ~~the~~Credit ~~above~~Risk factors, we have net loss attributable to the Company’s common stockholders of approximately $43,273 for the three months ended September 30, 2017 compared to approximately $71,249 for the three months ended September 30, 2016, representing a decrease of $27,976 or approximately 39%.

~~Results~~Financial instruments that potentially subject the Company to concentrations of ~~Operations~~credit ~~for~~risk are accounts receivable and other receivables arising from its normal business activities. The Company has a diversified customer base. The Company controls credit risk related to accounts receivable through credit approvals, credit limits and monitoring procedures. The Company routinely assesses the ~~Nine~~financial strength ~~Months~~of ~~Ended~~its ~~September~~customers and, based upon factors surrounding the credit risk, 30establishes an allowance, ~~2017~~if required, for uncollectible accounts and, ~~2016~~as a consequence, believes that its accounts receivable credit risk exposure beyond such allowance is limited.

~~Our~~9 ~~operating results for the nine months ended September 30, 2017 and 2016 are summarized as follows:~~

7Cash and Cash Equivalents

	Nine Months ended		Nine Months ended
	September 30, 2017		September 30, 2016
	($)		($)
Operating revenues	-		-
Operating costs and expenses	146,432		191,872
Loss from operations	(146,432	)	(191,872	)
Other income (expense)	(13,112	)	(21,327	)
Provision for income taxes expense (benefit)	-		-
Net (loss)/ gain	(159,544	)	(213,199	)
Net loss attributable to non-controlling interest	-		-
Net (loss)/ gain attributable to TRANSAKT LTD.	(159,544	)	(213,199	)
Net loss per share (basic and diluted)	0.0014		0.007

Cash and cash equivalents include cash in hand and cash in time deposits, certificates of deposit, and all highly liquid debt instruments with original maturities of three months or less.

~~Net~~Fair ~~Revenues~~Value ~~and Cost~~ of ~~Sales~~Financial Instruments

~~There~~In ~~were~~the nofirst ~~revenues~~quarter of fiscal year 2008, the Company adopted Accounting Standards Codification subtopic 820-10, Fair Value Measurements and Disclosures (“ASC 820-10”). ASC 820-10 defines fair value, establishes a framework for measuring fair value, and enhances fair value measurement disclosure. ASC 820-10 delays, until the ~~nine~~first ~~months~~quarter ~~ended~~of ~~September~~fiscal 30year 2009, the ~~2017~~effective date for ASC 820-10 for all non-financial assets and ~~2016~~non-financial liabilities, ~~respectively~~except those that are recognized or disclosed at fair value in the financial statements on a recurring basis (at least annually). The adoption of ASC 820-10 did not have a material impact on the Company’s financial position or operations.

~~Operating~~Effective ~~Expenses~~October 1, 2008, the Company adopted Accounting Standards Codification subtopic 820-10, Fair Value Measurements and Disclosures (“ASC 820-10”) and Accounting Standards Codification subtopic 825-10, Financial Instruments (“ASC 825-10”), which permits entities to choose to measure many financial instruments and certain other items at fair value. Neither of these statements had an impact on the Company’s unaudited condensed consolidated financial position, results of operations or cash flows. The carrying value of cash and cash equivalents, accounts payable and short-term borrowings, as reflected in the balance sheets, approximate fair value because of the short-term maturity of these instruments.

~~Operating~~Stock-based ~~expenses~~Compensation were $146,432 for the nine months ended September 30, 2017, compared to $191,872 for the nine months ended September 30, 2016, representing a decrease of $45,440. The decrease in operating expenses was primarily due to tightening our budget during the period.

~~Loss~~The ~~from~~Company ~~Operations~~records stock-based compensation expense pursuant to ASC 718-10, "Share Based Payment Arrangement,” which requires companies to measure compensation cost for stock-based employee compensation plans at fair value at the grant date and recognize the expense over the employee's requisite service period. The Company’s expected volatility assumption is based on the historical volatility of Company’s stock or the expected volatility of similar entities. The expected life assumption is primarily based on historical exercise patterns and employee post-vesting termination behavior. The risk-free interest rate for the expected term of the option is based on the U.S. Treasury yield curve in effect at the time of grant.

~~Loss~~Stock-based ~~from~~compensation ~~operations~~expense ~~were~~is ~~$146,432~~recognized ~~for~~based ~~the~~on ~~nine months ended~~awards ~~September~~expected ~~30,~~to ~~2017~~vest, ~~compared~~and tothere ~~$191,872~~were ~~for~~no estimated forfeitures as the ~~nine~~Company ~~months~~has ~~ended~~a short ~~September~~history ~~30,~~of issuing options. ASC 718-10 requires forfeitures to be ~~2016,~~estimated ~~representing~~at athe ~~decrease~~time of ~~$45,440.~~grant ~~The~~and ~~decrease~~revised in ~~operating~~subsequent ~~loss~~periods, ~~was~~if ~~due~~necessary, toif ~~the~~actual ~~budget~~forfeitures ~~reductions~~differ ~~during~~from ~~the~~those ~~period~~estimates.

~~Other~~Net ~~Income~~Loss orPer ~~Expenses~~Share

~~Other~~The ~~expenses~~Company ~~decreased~~has byadopted ~~$8,215~~Accounting toStandards ~~$13~~Codification subtopic 260-10,~~112~~ ~~for~~Earnings ~~the~~Per ~~nine months~~Share ~~ended~~(“ASC ~~September~~260-10”) ~~30,~~which ~~2017~~specifies ~~from $21~~the computation,~~327~~ ~~for~~presentation ~~the~~and ~~same~~disclosure ~~period~~requirements inof ~~2016.~~earnings ~~The~~per share ~~decrease~~information. ~~was~~Basic ~~due~~earnings toper ~~the~~share ~~exchange~~have ~~difference~~been ~~and~~calculated bybased upon the weighted ~~decrease~~average innumber ~~accrued~~of common shares outstanding. Common equivalent shares ~~interest~~are ~~expense~~excluded infrom ~~respect~~the computation of athe ~~promissory~~diluted ~~note~~loss ~~during~~per ~~the~~share ~~period.~~if their effect would be anti-dilutive.

~~Net~~Intangible ~~Income~~Assets ~~(Loss) attributable to TRANSAKT LTD.~~

AsIntangible assets include a ~~result~~patent. ofWith the ~~above~~adoption ~~factors~~of FASB ASC Topic 350, we“Intangibles” ~~have~~(formerly ~~net~~SFAS ~~loss~~No. ~~attributable~~142), intangible assets with a todefinite ~~the~~life ~~Company’s~~are ~~common~~amortized ~~stockholders~~on a straight-line basis. The patent is being amortized over its estimated life of ~~$159,544~~10 years. Intangible assets with a definite life are tested for ~~the~~impairment ~~nine~~whenever ~~months~~events ~~ended~~or circumstances indicate that a ~~September~~carrying ~~30,~~amount ~~2017~~of ~~compared~~an toasset (asset group) may not be recoverable. An impairment loss would be recognized when the carrying amount of ~~$213,199~~an ~~for~~asset exceeds the ~~nine~~estimated ~~months~~undiscounted ~~ended~~cash flows used in determining the fair value ~~September~~of ~~30,~~the ~~2016,~~asset. ~~representing~~The aamount ~~decrease~~of the impairment loss to be recorded is calculated by the excess of ~~$53,655~~the orasset’s ~~approximately~~carrying ~~25%~~value over its fair value. Fair value is generally determined using a discounted cash flow analysis. Costs related to internally develop intangible assets are expensed as incurred.

810

~~Liquidity~~Recent ~~and~~Accounting ~~Capital~~Pronouncements ~~Resources~~

~~Our~~The ~~financial~~FASB ~~position~~issued asan ofAccounting ~~September~~Standards ~~30,~~Update ~~2017~~(ASU) ~~and~~that ~~December~~helps ~~31,~~organizations ~~2016~~address ~~and~~certain ~~the~~stranded ~~changes~~income ~~for~~tax ~~the~~effects ~~periods~~in ~~then~~accumulated ~~ended~~other comprehensive ~~are~~income as(AOCI) ~~follows:~~resulting from the Tax Cuts and Jobs Act.

~~Working~~ASU ~~Capital~~No. 2018-02, Income Statement—Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income, provides financial statement preparers with an option to reclassify stranded tax effects within AOCI to retained earnings in each period in which the effect of the change in the U.S. federal corporate income tax rate in the Tax Cuts and Jobs Act (or portion thereof) is recorded.

		As of		As of
		September 30, 2017		December 31, 2016
Current Assets	$	491,980	$	648,601
Current Liabilities	$	18,632	$	1,063,504
Working Capital	$	473,348	$	(414,903	)

The ASU requires financial statement preparers to disclose:

~~Our~~• ~~working~~A ~~capital~~description ~~increased~~of ~~from~~the ~~$(414,903)~~accounting atpolicy ~~December~~for ~~31, 2016~~releasing toincome ~~$473,348~~tax ateffects ~~September~~from ~~30,~~AOCI; ~~2017,~~• ~~primarily~~Whether asthey aelect ~~result~~to ofreclassify the ~~conversion of~~stranded income tax effects from the ~~convertible~~Tax ~~promissory~~Cuts ~~note~~and toJobs ~~common~~Act; ~~shares~~and of• ~~our~~Information ~~company~~about bythe ~~our~~other ~~CEO~~income tax effects that are reclassified.

~~Cash~~The ~~Flows~~amendments affect any organization that is required to apply the provisions of Topic 220, Income Statement—Reporting Comprehensive Income, and has items of other comprehensive income for which the related tax effects are presented in other comprehensive income as required by GAAP.

		Nine months			Nine months
		Ended			Ended
		September 30,			September 30,
		2017			2016
Net cash used in operating activities	$	(443,750	)	$	(189,450	)
Net cash used in investing activities	$	-		$	-
Net cash provided by financing activities	$	-		$	809,000
Net increase (decrease) in Cash and Cash Equivalents during the period	$	(446,621	)	$	624,097
Cash and Cash Equivalents, beginning of period	$	638,601		$	103,250
Cash and Cash Equivalents, end of period	$	191,980		$	727,347

The amendments are effective for all organizations for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Early adoption is permitted. Organizations should apply the proposed amendments either in the period of adoption or retrospectively to each period (or periods) in which the effect of the change in the U.S. federal corporate income tax rate in the Tax Cuts and Jobs Act is recognized.

~~Operating~~Subsequent ~~Activities~~Events

~~Net~~We ~~cash~~have ~~flow~~evaluated ~~used~~all inevents ~~operating~~or ~~activities~~transactions ~~during~~that ~~the nine~~occurred ~~months~~after ~~ended~~March ~~September 30~~31, ~~2017~~2018 ~~was~~up ~~$443,750,~~through ~~representing an increase of $254,300 compared to net cash flow used in operating activities of $189,450 during~~ the ~~nine~~date ~~months ended September 30, 2016. The increase in~~ the ~~cash~~Company ~~used in~~issued ~~operating~~these ~~activities was primarily due to the deposit paid of $300,000 for a~~financial ~~potential investment~~statements.

~~Investing~~Off-Balance ~~Activities~~Sheet Arrangements

~~Net~~We ~~cash~~have ~~flow~~no ~~used~~significant inoff-balance ~~investing~~sheet ~~activities~~arrangements ~~during~~that ~~the nine~~have ~~months~~or ~~ended~~are ~~September~~reasonably ~~30,~~likely ~~2017~~to ~~was~~have ~~$0,~~a nocurrent ~~change~~or ~~compared~~future toeffect ~~net~~on ~~cash~~our ~~used~~financial condition, changes in ~~investing~~ ~~activities~~financial ~~during~~condition, ~~the~~revenues ~~nine~~or ~~months~~expenses, ~~ended~~results ~~September~~of operations, 30liquidity, ~~2016~~capital expenditures or capital resources that are material to stockholders.

~~Financing Activities~~ Inflation

~~Net~~Our ~~cash~~opinion ~~flow~~is ~~provided~~that byinflation ~~financing~~has ~~activities~~not ~~during the nine months ended September 30~~had, ~~2017~~and ~~was~~is ~~$0,~~not ~~compared~~ expected to ~~net cash provided by financing activities of $809~~have,~~000~~ ~~during~~a ~~the~~material ~~nine~~effect ~~months~~on ~~ended~~our ~~September 30, 2016~~operations.

~~Critical~~Going ~~Accounting~~Concern ~~Policies~~

~~Principles~~Our company has incurred a net loss attributable to common stockholders of ~~Consolidation~~$54,046 and $69,640 during the three months ended March 31, 2018 and 2017, respectively, and had an accumulated deficit of $22,404,572 and $22,350,526 as of March 31, 2018 and December 31, 2017, respectively.

The accompanying consolidated financial statements ~~include~~have ~~the~~been prepared ~~accounts~~assuming ~~of TransAKT~~that ~~BIO~~our ~~Agritech~~company ~~Ltd~~will continue as a going concern., ~~collectively~~This ~~referred~~basis of toaccounting ~~within~~contemplates asthe recovery of our company’s assets and the satisfaction of liabilities in the normal course of business. ~~All~~This ~~material~~presentation ~~intercompany~~presumes ~~accounts,~~funds ~~transactions~~will be available to finance ongoing research and development, operations and ~~profits~~capital ~~have~~expenditures ~~been~~and ~~eliminated~~permit the realization of assets and the payment of liabilities in ~~consolidation.~~the normal course of operations for the foreseeable future.

911

~~Use~~The ability of ~~Estimates~~our company to continue research and development projects and realize the capitalized value of proprietary technologies and related assets is dependent upon future commercial success of the technologies and raising sufficient funds to continue research and development as well as to effectively market its products. Through March 31, 2018, our company has not realized commercial success of the technologies, nor have they raised sufficient funds to continue research and development or to market its products.

~~The~~There ~~preparation~~can ofbe ~~financial~~no ~~statements~~assurances inthat ~~conformity~~there ~~with~~will be adequate ~~generally~~financing ~~accepted~~available ~~accounting~~to ~~principles~~our incompany and the ~~United~~consolidated ~~States~~financial ~~(“GAAP”)~~statements ~~requires~~do ~~management~~not toinclude ~~make~~any ~~certain~~adjustments ~~estimates~~to ~~and~~reflect ~~assumptions that affect~~ the ~~reported amounts~~possible offuture ~~assets~~effects ~~and~~on ~~liabilities~~the recoverability and ~~disclosure~~classification of ~~contingent~~ assets ~~and liabilities~~or at the ~~date~~amounts ~~of the financial statements~~ and ~~the~~classification ~~reported amounts~~ of ~~revenues~~liabilities ~~and~~that ~~expenses~~may ~~during~~result from the ~~reporting~~outcome ~~period.~~of ~~Actual~~this ~~results could differ from those estimates~~uncertainty.

~~Revenue~~Our ~~Recognition~~company has taken certain restructuring steps to provide the necessary capital to continue its operations. These steps included: (1) Tightly budgeting and controlling all expenses; (2) Our company plans to continue actively seeking additional funding opportunities to improve and expand upon our product lines.

~~Revenues~~At ~~are~~this ~~recognized~~time, ~~when~~we ~~finished~~cannot ~~products~~provide ~~are~~investors ~~shipped~~with toany assurance ~~customers~~that ~~and~~we ~~both~~will ~~title~~be ~~and~~able ~~the~~to ~~risks~~raise ~~and~~sufficient ~~rewards~~funding from the sale of ~~ownership~~our ~~are~~common stock ~~transferred~~or through a loan from our directors, shareholders, or investors to meet ~~and~~our ~~collectability~~obligations isover ~~reasonably~~the ~~assured~~next twelve months. ~~The~~We ~~Company’s~~do ~~revenues~~not ~~are~~have ~~recorded~~any further ~~upon~~arrangements ~~confirmed~~in ~~acceptance~~place ~~after~~for ~~inspection~~any byfuture ~~the~~debt ~~customers~~or ofequity ~~the Company~~financing.

~~Exchange~~Item ~~Gain~~3. ~~(Loss):~~Quantitative Disclosures about Market Risks

~~During~~As ~~the~~a ~~nine~~“smaller ~~months~~reporting ~~ended September 30~~company”, ~~2017~~we and 2016, the transactions of TransAKT Bio Agritech Ltd. were denominated in foreign currency and were recorded in Hong Kong Dollar (HKD) at the rates of exchange in effect when the transactions occur. Exchange gains and losses are ~~recognized~~not ~~for~~required ~~the~~to ~~different~~provide ~~foreign exchange rates applied when~~ the ~~foreign~~information ~~currency~~required ~~assets~~by ~~and liabilities~~this ~~are settled~~Item.

~~Translation~~Item ~~Adjustment~~4. Controls and Procedures

~~The Company financial statements are presented in the U.S. dollar ($), which is the Company~~Management’s ~~reporting~~Report currency, while its functional currency is Hong Kong Dollar (HKD). Transactions in foreign currencies are initially recorded at the functional currency rate ruling at the date of transaction. Any differences between the initially recorded amount and the settlement amount are recorded as a gain or loss on ~~foreign~~Disclosure ~~currency~~Controls ~~transaction in the consolidated statements of income. Monetary assets~~ and ~~liabilities~~ denominated in foreign currency are translated at the functional currency rate of exchange ruling at the balance sheet date. Any differences are taken to profit or loss as a gain or loss on foreign currency translation in the statements of income. Procedures

InWe ~~accordance~~maintain ~~with~~disclosure ~~ASC~~controls ~~830,~~and ~~Foreign~~procedures ~~Currency~~that ~~Matters,~~are designed ~~the~~to ensure that information required to be disclosed in our reports ~~Company~~filed ~~translates~~under the ~~assets~~Securities ~~and~~Exchange ~~liabilities~~Act ~~into~~of ~~U.S.~~1934, ~~dollar~~as ~~($)~~amended, ~~using~~is ~~the~~recorded, ~~rate~~processed, ofsummarized ~~exchange~~and ~~prevailing~~reported atwithin the ~~balance~~time ~~sheet~~periods ~~date~~specified ~~and~~in the Securities ~~statements~~and ~~of operations~~Exchange Commission's rules and ~~cash~~forms, ~~flows~~and ~~are~~that ~~translated~~such atinformation is anaccumulated ~~average~~and ~~rate~~communicated ~~during~~to ~~the~~our ~~reporting period.~~management, ~~Adjustments~~including ~~resulting~~our ~~from~~chief ~~the~~executive officer ~~translation~~(our ~~from~~principal ~~HKD~~executive ~~into~~officer) ~~U.S.~~and ~~dollar~~chief ~~are~~financial officer (our ~~recorded~~principal infinancial ~~stockholders’~~officer ~~equity~~and asprinciple ~~part~~accounting ofofficer) ~~accumulated~~to ~~other~~allow ~~comprehensive~~for ~~income~~timely decisions regarding required disclosure.

~~Comprehensive~~As ~~Income~~of the end of the quarter covered by this report, we carried out an evaluation, under the supervision and with the participation of our chief executive officer (our principal executive officer) and chief financial officer (our principal financial officer and principle accounting officer), of the effectiveness of the design and operation of our disclosure controls and procedures. Based on the foregoing, our chief executive officer (our principal executive officer) and chief financial officer (our principal financial officer and principle accounting officer) concluded that our disclosure controls and procedures were effective as of the end of the period covered by this quarterly report.

~~Comprehensive~~Changes ~~income~~in ~~includes~~Internal ~~accumulated~~Control ~~foreign~~over ~~currency~~Financial ~~translation gains and losses. The Company has reported the components of comprehensive income on its statements of stockholders’ equity.~~ Reporting

~~Advertising~~During the period covered by this report there were no changes in our internal control over financial reporting that materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

~~Advertising~~12 ~~expenses consist primarily of costs of promotion for corporate image and product marketing and costs of direct advertising. The Company expenses all advertising costs as incurred.~~

~~Income~~PART ~~Taxes~~II

~~The~~OTHER ~~Company~~INFORMATION accounts for income taxes in accordance with ASC 740, Income Taxes, which requires that the Company recognize deferred tax liabilities and assets 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 the differences are expected to reverse. Deferred income tax benefit (expense) results from the change in net deferred tax assets or deferred tax liabilities. A valuation allowance is recorded when, in the opinion of management, it is more likely than not that some or all of any deferred tax assets will not be realized.

10Item 1. Legal Proceedings

~~Statement~~We know of ~~Cash~~no ~~Flows~~material, existing or pending legal proceedings against our company, nor are we involved as a plaintiff in any material proceeding or pending litigation. There are no proceedings in which any of our directors, executive officers or affiliates, or any registered or beneficial stockholder, is an adverse party or has a material interest adverse to our interest.

InItem ~~accordance with generally accepted accounting principles (GAAP), cash flows from the Company’s operations are based upon the local currencies~~1A. AsRisk ~~a result, amounts related to assets and liabilities reported on the statement of cash flows will not necessarily agree with changes in the corresponding balances on the balance sheet.~~ Factors

~~Concentration~~Risks ofRelated ~~Credit~~to ~~Risk~~our Business

~~Financial~~We ~~instruments~~have ~~that~~a ~~potentially~~history ~~subject the Company to concentrations~~ of ~~credit~~operating ~~risk~~losses ~~are~~which ~~accounts~~may ~~receivable~~affect ~~and other receivables~~our ~~arising~~ability ~~from its normal business activities. The Company has a diversified customer base. The Company controls credit risk related~~ to ~~accounts~~continue ~~receivable through credit approvals, credit limits and monitoring procedures~~operations. The Company routinely assesses the financial strength of its customers and, based upon factors surrounding the credit risk, establishes an allowance, if required, for uncollectible accounts and, as a consequence, believes that its accounts receivable credit risk exposure beyond such allowance is limited.

~~Cash~~We ~~and~~have ~~Cash~~sustained ~~Equivalents~~operating losses before income tax of $54,046 for the period ended March 31, 2018. If we are unable to achieve profitability or to raise sufficient capital to carry out our business plan, we may not be able to continue operations.

~~Cash~~We ~~and~~have ~~cash~~a ~~equivalents~~limited ~~include~~operating ~~cash~~history ~~in hand~~ and ~~cash~~are instill ~~time~~proving ~~deposits,~~the ~~certificates~~viability of ~~deposit~~our products and business model, and ~~all~~thus, ~~highly~~we ~~liquid~~may ~~debt~~be ~~instruments~~unable ~~with~~to ~~original~~sustain ~~maturities~~operations ofand ~~three~~you ~~months~~may orlose ~~less~~your entire investment.

~~Fair~~During ~~Value~~fiscal 2012, we abandoned our VWAP and VoIP product lines and adopted the business of ~~Financial~~our ~~Instruments~~subsidiary, Vegfab Agricultural Technology Co. Ltd., which began operations in 2010. We are still adding to our product line and are in the process of proving the viability of our products and business model. If we are unable to prove our business model or the viability of our products, we may not be able to sustain operations and our ability to raise additional funding may be jeopardized.

InOur ~~the~~competition ~~first~~has ~~quarter~~greater ofresources ~~fiscal~~than ~~year~~we ~~2008,~~do ~~the Company adopted Accounting Standards Codification subtopic 820-10, Fair Value Measurements~~ and ~~Disclosures~~ ~~(“ASC 820-10”). ASC 820-10 defines fair value, establishes a~~can ~~framework~~respond ~~for~~more ~~measuring~~quickly ~~fair~~to ~~value,~~changes and enhances fair value measurement disclosure. ASC 820-10 delays, until the first quarter of fiscal year 2009, the effective date for ASC 820-10 for all non-financial assets and non-financial liabilities, except those that are recognized or disclosed at fair value in ~~the financial~~our ~~statements~~industry onwhich acould ~~recurring~~adversely ~~basis~~affect ~~(at least annually). The adoption of~~our ~~ASC~~ability ~~820-10~~to ~~did not have a material impact on the Company’s financial position or operations~~compete.

~~Effective~~Public ~~October~~acceptance 1, 2008, the Company adopted Accounting Standards Codification subtopic 820-10, Fair Value Measurements and Disclosures (“ASC 820-10”) and Accounting Standards Codification subtopic 825-10, Financial Instruments (“ASC 825-10”), which permits entities to choose to measure many financial instruments and certain other items at fair value. Neither of ~~these statements~~our ~~had~~products anmay ~~impact~~never onreach the ~~Company’s unaudited condensed consolidated~~magnitude ~~financial~~required ~~position,~~for ~~results~~us ofto ~~operations,~~achieve orcommercial ~~cash flows~~profitability. The carrying value of cash and cash equivalents, accounts payable and short-term borrowings, as reflected in the balance sheets, approximate fair value because of the short-term maturity of these instruments.

~~Stock~~Many of our existing competitors, as well as a number of potential new competitors have longer operating histories, greater name recognition, larger customer bases and significantly greater financial, technical and marketing resources than us. These factors may allow them to respond more quickly than us to new or emerging technologies and changes in customer requirements. It may also allow them to devote greater resources than we can to the development, promotion and sale of their products and services. Such competitors may also engage in more extensive research and development, undertake more far-~~based~~reaching ~~Compensation~~marketing campaigns, adopt more aggressive pricing policies and make more attractive offers to existing and potential employees, strategic partners, advertisers and Internet publishers. In addition, current and potential competitors have established or may establish cooperative relationships among themselves or with third parties to increase the quality and commercial viability of their products or services.

~~The~~Volatility ~~Company~~of ~~records~~global ~~stock-based~~economic ~~compensation~~conditions ~~expense~~may ~~pursuant to~~affect ~~ASC 718-10, "Share Based Payment Arrangement,” which requires~~our ~~companies~~ability to ~~measure~~raise ~~compensation~~capital ~~cost for stock-based employee compensation plans at fair value at the grant date~~ and ~~recognize~~our ~~the~~product ~~expense~~costs ~~over~~which ~~the employee's~~may ~~requisite~~affect ~~service~~our ~~period.~~ability ~~The Company’s expected volatility~~to ~~assumption~~continue ~~is based on the historical volatility of Company’s stock or the expected volatility of similar entities~~operations. The expected life assumption is primarily based on historical exercise patterns and employee post-vesting termination behavior. The risk-free interest rate for the expected term of the option is based on the U.S. Treasury yield curve in effect at the time of grant.

~~Stock-based~~Our ~~compensation~~revenues, ~~expense~~profitability, isfuture ~~recognized~~growth, ~~based~~and onthe ~~awards~~carrying ~~expected~~value toof ~~vest~~our assets are substantially dependent on prevailing global economic conditions, generally, and ~~there~~on ~~were~~fluctuations noin ~~estimated~~specific ~~forfeitures~~factors such as ~~the~~exchange rates, ~~Company~~rates ~~has~~of ~~a short~~inflation, ~~history~~governmental stability and the occurrence of economically ~~issuing~~disruptive ~~options~~events, such as war or natural or industrial disaster. ~~ASC~~Our ~~718-10~~ability ~~requires~~to ~~forfeitures~~borrow and to obtain beadditional capital on attractive terms is also substantially dependent ~~estimated~~upon atthese factors. The negative impact of these factors on sales orders originating from an affected country would have an adverse effect on our borrowing capacity, revenues, profitability and cash flows from operations. For example, unfavorable changes in exchange rates can increase the ~~time~~cost of ~~grant~~our products and ~~revised~~reduce revenues, resulting in ~~subsequent~~reduced ~~periods~~profitability. In the event that our profitability is reduced and we are unable to maintain our profit margins, ifour ~~necessary~~ability to raise or to borrow capital may decrease. In addition, as ifhas ~~actual~~been ~~forfeitures~~recently ~~differ~~experienced, ~~from~~general ~~those~~downturns ~~estimates~~in the technology sector worldwide have made fundraising difficult. Since the marketing of our products will require us to raise additional capital, such downturns may have an adverse affect on our ability to continue operations and to effectively market our products.

~~Net~~13 ~~Loss Per Share~~

~~The~~We ~~Company~~are ~~has~~dependent ~~adopted~~on ~~Accounting~~key ~~Standards~~personnel ~~Codification subtopic~~who ~~260-10,~~have ~~Earnings~~extensive knowledge ~~Per~~of ~~Share~~our ~~(“ASC~~products ~~260-10”)~~and ~~which~~business ~~specifies~~and ~~the computation~~thus, ~~presentation~~the ~~and~~loss ~~disclosure requirements~~ of ~~earnings~~one ~~per~~or ~~share information.~~more ~~Basic earnings per share have been calculated based upon the~~of ~~weighted~~these ~~average~~individuals ~~number~~may ofadversely ~~common~~affect ~~shares~~our ~~outstanding~~business.

11We are heavily dependent upon the expertise of our management and certain other key officers and directors who have extensive knowledge of our products and our operations, and the loss of one or more of these individuals could have a material adverse effect on our business. We do not maintain key-person insurance policies on any of our executive officers. Since we are a technology driven company, our future success also depends on our ability to continue to attract, retain, and motivate highly skilled employees in the telecommunications technology sector, and in the technology sector, generally. Competition for employees in our industry is intense. We may be unable to retain key employees or to attract, assimilate, or retain other highly qualified employees in the future.

~~Common~~Government ~~equivalent~~regulation ~~shares~~could ~~are~~adversely ~~excluded~~affect ~~from~~our ~~the~~ability ~~computation of~~to ~~the~~sell ~~diluted~~our ~~loss per share if their effect would be anti-dilutive~~products.

~~Intangible~~Government ~~Assets~~regulations could potentially slow down our expansion plans. We may be required to obtain approval of our products from several regulatory agencies. Regulatory approval processes can be onerous and slow, and could adversely affect our ability to meet our financial projections. Further, compliance with different national standards may require additional capital investments and testing. If we are unable to obtain such financing or to obtain any necessary approvals, our business could be adversely impacted.

~~Intangible~~We ~~assets~~will ~~include~~need aadditional ~~patent.~~funds ~~With~~in ~~the~~order ~~adoption~~to ofimplement ~~FASB~~our ~~ASC~~intended ~~Topic~~projects ~~350,~~and ~~“Intangibles”~~there ~~(formerly SFAS No. 142), intangible assets with a definite life are amortized on a straight-line basis. The patent~~ is ~~being amortized~~no ~~over~~assurance ~~its estimated life of 10 years. Intangible assets with a definite life are tested for impairment whenever events or circumstances indicate~~ that ~~a carrying~~such ~~amount~~funds ofwill ~~an asset (asset group) may not~~ be ~~recoverable. An impairment~~available ~~loss~~as, ~~would~~if beand ~~recognized~~ when ~~the~~needed, ~~carrying~~which ~~amount~~may ofadversely anaffect ~~asset~~our ~~exceeds the estimated undiscounted cash flows used in determining the fair value of the asset~~operations. The amount of the impairment loss to be recorded is calculated by the excess of the asset’s carrying value over its fair value. Fair value is generally determined using a discounted cash flow analysis. Costs related to internally develop intangible assets are expensed as incurred.

~~Recent~~Cash ~~Accounting~~flow ~~Pronouncements~~used in operations of $48,150 for the period ended March 31, 2018, and cash flow used in operations of $336,739 for the period ended March 31, 2017. We continue to be dependent on the proceeds of equity and non-equity financing to fund our operations. No assurances can be given that our actual cash requirements will fall within our budget that anticipated revenues will be realized when needed, that lines of credit will be available to us if required, or that additional capital will be available to us. We anticipate that over the next twelve months, we will need a minimum of $250,000 to sustain operations and market our products effectively.

~~FASB~~Failure ~~Clarifies~~to ~~the~~obtain ~~Definition~~such ofadditional afunds ~~Business.~~on ~~The~~terms ~~FASB~~and ~~has~~conditions ~~issued~~that ~~Accounting~~we ~~Standards~~deem ~~Update~~acceptable ~~No.~~may ~~2017-01,~~materially ~~Business~~and ~~Combinations~~adversely ~~(Topic 805):~~affect ~~Clarifying~~our ~~the~~ability ~~Definition of a Business, clarifying the definition of a~~to ~~business.~~effectively ~~The~~market ~~amendments~~and ~~affect~~distribute ~~all~~our ~~companies~~products, ~~and~~resulting ~~other~~in ~~reporting~~decreased ~~organizations~~revenues ~~that~~which ~~must~~may ~~determine~~also ~~whether~~result ~~they~~in ~~have~~a ~~acquired~~decreased orshare ~~sold a business~~price.

~~The~~Prices ~~definition~~for ofraw amaterials ~~business~~required ~~affects~~for ~~many~~our ~~areas~~products ~~of accounting including acquisitions, disposals, goodwill, and consolidation. The amendments~~ are ~~intended to help companies and other organizations evaluate whether~~ ~~transactions should be accounted for as acquisitions (or disposals) of assets or businesses~~volatile. ~~The~~If ~~amendments~~there ~~provide~~is a ~~more~~significant ~~robust~~increase ~~framework to use~~ in ~~determining when~~prices ~~a set~~ of ~~assets~~raw ~~and~~materials ~~activities is a business. They also provide more~~our ~~consistency~~ability into ~~applying~~generate ~~the~~revenue ~~guidance, reduce the costs of application,~~ and ~~make the~~achieve ~~definition~~profitability ofmay ~~a business more operable~~suffer.

~~For~~All ~~public~~raw ~~companies,~~materials ~~the~~for ~~amendments~~our products are ~~effective~~sourced ~~for~~from ~~annual~~China and ~~periods~~Taiwan. ~~beginning~~Due ~~after~~to ~~December~~the ~~15,~~fact ~~2017,~~that ~~including~~many ~~interim~~of ~~periods~~our ~~within~~products use computer components, the ~~those~~price ~~periods~~of these components can be highly volatile and are subject to the risk of obsolescence. ~~For~~In ~~all~~order ~~other~~to ~~companies~~control costs and ~~organizations~~the risk of obsolescence, we contract with a manufacturer at a set price for the ~~amendments~~building ~~are~~of our product over a number of terminals. Despite these efforts, there can be no assurance that we will be able to keep prices of raw materials at a cost effective level for ~~annual~~our operations. ~~periods~~If ~~beginning~~there ~~after~~is ~~December~~a ~~15,~~significant ~~2018,~~increase ~~and~~in ~~interim periods~~raw ~~within~~materials ~~annual~~our ~~periods~~ability ~~beginning~~to generate ~~after~~revenue ~~December~~and ~~15,~~achieve ~~2019~~profitability may suffer.

~~The~~14 FASB has issued Accounting Standards Update (ASU) No. 2017-07, Compensation - Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost. The amendments apply to all employers, including not-for-profit entities, that offer to their employees defined benefit pension plans, other postretirement benefit plans, or other types of benefits accounted for under Topic 715, Compensation - Retirement Benefits.

~~The~~Risks ~~amendments~~Related require that an employer report the service cost component in the same line item or items as other compensation costs arising from services rendered by the pertinent employees during the period. The other components of net benefit cost are required to beour ~~presented~~Stock in the income statement separately from the service cost component and outside a subtotal of income from operations, if one is presented. If a separate line item or items are used to present the other components of net benefit cost, that line item or items must be appropriately described. If a separate line item or items are not used, the line item or items used in the income statement to present the other components of net benefit cost must be disclosed.

The ~~amendments~~market ~~also~~price ~~allow~~of ~~only~~our ~~the~~common ~~service~~shares ~~cost~~has ~~component~~been toand bewill in ~~eligible~~all ~~for~~likelihood ~~capitalization~~continue ~~when~~to ~~applicable~~be ~~(e.g.~~volatile, aswhich amay ~~cost~~adversely ofaffect ~~internally manufactured~~the ~~inventory~~value orof your ~~a self-constructed asset)~~investment.

The ~~amendments~~market ~~are~~price ~~effective~~of ~~for~~our ~~public~~common ~~business~~shares ~~entities~~has ~~for annual~~fluctuated ~~periods~~over ~~beginning~~a wide ~~after~~range ~~December~~and ~~15,~~it ~~2017,~~is ~~including~~likely ~~interim~~that ~~periods within~~the ~~those~~price ~~annual~~of ~~periods.~~our ~~For~~common ~~other~~stock ~~entities,~~will ~~the~~continue ~~amendments are effective~~to ~~for~~fluctuate ~~annual~~in ~~periods~~the ~~beginning~~future. ~~after~~Announcements ~~December~~regarding 15acquisitions, ~~2018,~~the ~~and~~status ~~interim periods within~~of ~~annual~~corporate ~~periods beginning after December 15~~collaborations, ~~2019.~~regulatory ~~Early~~approvals ~~adoption~~or isother ~~permitted~~developments asby ofus ~~the beginning of an~~or ~~annual~~our ~~period~~competitors ~~for~~could ~~which~~have ~~financial~~a ~~statements~~significant ~~(interim~~impact oron ~~annual)~~the ~~have~~market ~~not~~price ~~been~~of our ~~issued~~common ~~or made available for issuance~~shares.

12Our shares currently trade on the OTC Markets OTCQB (“OTCQB”) with limited activity. If this market is not sustained or we are unable to satisfy any future trading criteria that may be imposed by the Financial Industry Regulation Authority (“FINRA”) on our market makers or by the Securities and Exchange Commission (“SEC”) on us, there may not be any liquidity for our shares. What’s more, we have not generated any profit from the sale of our products to date. These factors could have a negative impact on the liquidity of any investment made in our stock.

The ~~FASB~~value ~~has~~and ~~issued~~transferability ~~Accounting~~of ~~Standards~~our ~~Update~~shares ~~(ASU)~~may ~~No. 2017-09,~~be ~~Compensation—Stock Compensation (Topic 718) — Scope of Modification~~adversely ~~Accounting.~~impacted ~~ASU~~by ~~2017-09 applies to entities that change~~ the ~~terms~~penny orstock ~~conditions of a share-based payment award~~rules.

~~The~~Holders ~~FASB~~of ~~adopted~~our ~~ASU~~common ~~2017-09~~stock toin ~~provide~~the ~~clarity~~United ~~and~~States ~~reduce~~may experience ~~diversity~~substantial difficulty in ~~practice~~selling astheir ~~well~~securities as ~~cost~~a ~~and~~result ~~complexity~~of ~~when~~the ~~applying~~“penny stock rules.” Our common stock is subject to the ~~guidance~~penny stock rules propagated by the U.S. Securities and Exchange Commission, which impose additional sales practice requirements on broker-dealers who sell such securities to persons other than established customers and accredited investors. Accredited investors generally include institutions with assets in ~~Topic~~excess ~~718~~of $5,000,000 ~~Compensation—Stock~~or individuals ~~Compensation~~with net worth in excess of $1,000,000 or annual income exceeding $200,000 or $300,000 jointly with their spouse. For transactions covered by the rule, the broker-dealer must make a special suitability determination for the purchaser and transaction prior to the ~~modification~~sale. ofConsequently, the ~~terms~~rule may affect the ability of broker-dealers to sell our securities and ~~conditions~~also may affect the ability of apurchasers ~~share~~of our stock to sell their shares in the secondary market. It may also cause fewer broker-~~based~~dealers ~~payment~~to ~~award~~make a market in our stock.

~~Diversity~~The inlarge ~~practice~~number ~~has~~of ~~arisen~~shares ineligible ~~part because some entities apply modification accounting under Topic 718~~ for ~~modifications~~future tosale ~~terms and~~by ~~conditions~~existing ~~that~~shareholders ~~they~~may ~~consider~~adversely ~~substantive,~~affect ~~but~~the domarket ~~not~~price ~~when they conclude that particular modifications are not substantive. Others apply modification accounting~~ for ~~any~~our ~~change to an award, except for changes that they consider~~common ~~purely administrative in nature~~shares. Still others apply modification accounting when a change to an award changes the fair value, the vesting, or the classification of the award. In practice, it appears that the evaluation of a change in fair value, vesting, or classification may be used to evaluate whether a change is substantive.

~~Although~~Future ~~the~~sales ~~Master~~of ~~Glossary~~substantial amounts of ~~the~~our ~~FASB~~common ~~Accounting~~shares ~~Standards~~in the ~~Codification™~~public ~~currently~~market, ~~defines~~or the ~~term~~perception ~~modification~~that assuch “asales ~~change~~could inoccur, ~~any~~could ofadversely affect the ~~terms~~ ormarket ~~conditions~~price of aour ~~share-based~~common ~~payment~~shares. ~~award,”~~At ~~Topic~~May ~~718~~15, ~~does~~2018, ~~not~~we ~~contain~~had ~~guidance~~133,506,570 oncommon ~~what~~shares ~~changes are substantive or purely administrative~~outstanding.

~~The~~No ~~amendments~~prediction incan ~~ASU~~be ~~2017-09~~made ~~include~~as ~~guidance~~to onthe ~~determining~~effect, if any, that sales ~~which~~of ~~changes~~shares toof ~~the~~our ~~terms~~common ~~and~~stock ~~conditions~~or the availability of ~~share-based~~such ~~payment~~shares ~~awards~~for ~~require~~sale will anhave ~~entity~~on tothe ~~apply~~market ~~modification~~prices ~~accounting~~of ~~under~~our ~~Topic~~common ~~718~~stock.

~~These~~We ~~amendments~~have ~~require~~limited ~~the~~sales ~~entity~~of products to ~~account~~date ~~for~~and ~~the~~no ~~effects~~assurance ofcan abe ~~modification~~given ~~unless~~that ~~all~~our ofproducts will be widely accepted in the ~~following~~marketplace, ~~conditions~~which may ~~are~~adversely ~~met:~~affect your investment.

~~• The~~Our ~~fair~~future ~~value~~sales, ~~(or~~and ~~calculated value~~therefore, orour ~~intrinsic~~cash ~~value~~flow, ifincome, ~~such an alternative measurement method is used) of~~and ~~the~~ultimate ~~modified~~success, ~~award~~are ishighly ~~the~~dependent ~~same~~on assuccess ~~the~~in ~~fair~~marketing ~~value~~our ~~(or~~products ~~value using an alternative~~and ~~measurement~~consumer ~~method)~~acceptance of ~~the~~those ~~original award immediately before the original award is modified~~products. If ~~the~~our ~~modification~~products ~~does~~are not ~~affect~~widely ~~any~~accepted or ofwe ~~the~~are ~~inputs~~unable to ~~the valuation~~market ~~technique~~our ~~that~~products ~~the~~effectively, ~~entity~~we ~~uses~~may toface ~~value~~reduced ~~the award~~share prices, ~~the~~decreased ~~entity~~profitability, ~~is not required to estimate the value immediately before~~ and ~~after~~decreased ~~the modification;~~cash flow.

~~• The~~There ~~vesting~~is ~~conditions~~a oflimited ~~the modified~~public ~~award~~market ~~are~~for ~~the~~our ~~same~~common asshares ~~the~~at this ~~vesting~~time ~~conditions~~in of the ~~original~~United ~~award immediately~~States ~~before~~which ~~the~~may ~~original~~affect ~~award~~your isability ~~modified;~~to ~~and~~sell our stock.

~~• The~~Our ~~classification~~shares ofcurrently trade on the OTCQB with limited trading. ~~modified~~If ~~award~~this asmarket anis ~~equity~~not ~~instrument~~sustained or awe ~~liability~~are ~~instrument~~unable isto satisfy any future trading criteria that may be imposed on our market makers by the ~~same~~Financial asIndustry Regulations Authority (“FINRA”) or by the ~~classification~~SEC ofon us, there may not be any liquidity for our shares. We have generated only limited revenue from the ~~original~~sale ~~award~~of ~~immediately~~our ~~before~~products to date. These factors could have a negative impact on the ~~original~~liquidity ~~award~~of any investment made in isour ~~modified~~stock.

~~The amendments are effective for all entities for annual periods, and interim periods within those annual periods, beginning after December~~ 15, ~~2017.~~

~~Early~~You ~~adoption~~should ~~is permitted, including adoption in any interim period for: (a) public business entities for reporting periods for which financial statements have~~ not ~~yet~~expect ~~been issued, and (b) all other entities for reporting periods for which financial statements have not yet been made available for issuance. The amendments should be applied prospectively~~ to ~~an award~~receive ~~modified on or after the adoption date~~dividends.

13We have never paid any cash dividends on shares of our capital stock, and we do not anticipate that we will pay any dividends in the foreseeable future. Our current business plan is to retain any future earnings to finance the expansion of our business. Any future determination to pay cash dividends will be at the discretion of our board of directors, and will be dependent upon our consolidated financial condition, results of operations, capital requirements, and such other factors that our board of directors may deem relevant at that time.

~~Subsequent~~Item ~~Events~~2. Unregistered Sales of Equity Securities and Use of Proceeds

~~We have evaluated all events or transactions that occurred after September 30, 2017 up through the date the Company issued these financial statements~~None.

~~Off-Balance~~Item ~~Sheet~~3. ~~Arrangements~~Default upon Senior Securities

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

~~Inflation~~Item 4. Mine Safety Disclosures

~~Our~~Not ~~opinion is that inflation has not had, and is not expected to have, a material effect on our operations~~applicable.

~~Going~~Item ~~Concern~~5. Other Information

Our company has incurred a net loss attributable to common stockholders of $159,544 and $213,199 during the nine months ended September 30, 2017 and 2016, respectively, and had an accumulated deficit of $22,289,130 and $22,129,586 as of September 30, 2017 and December 31, 2016, respectivelyNone.

The accompanying consolidated financial statements have been prepared assuming that our company will continue as a going concern. This basis of accounting contemplates the recovery of our company’s assets and the satisfaction of liabilities in the normal course of business. This presentation presumes funds will be available to finance ongoing research and development, operations and capital expenditures and permit the realization of assets and the payment of liabilities in the normal course of operations for the foreseeable future.16

~~The~~Item ability of our company to continue research and development projects and realize the capitalized value of proprietary technologies and related assets is dependent upon future commercial success of the technologies and raising sufficient funds to continue research and development as well as to effectively market its products6.. ~~Through September 30, 2017, the Company has not realized commercial success of the technologies, nor has it raised sufficient funds to continue research and development or to market its products.~~ Exhibits

There can be no assurances that there will be adequate financing available to our company and the consolidated financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the outcome of this uncertainty.

Exhibit
Number	Description

(3)	(i) Articles of Incorporation; and (ii) Bylaws
3.1	Articles of Amalgamation (incorporated by reference from our Registration Statement on Form 20FR12G filed on September 16, 2003).
3.2	By-laws, as amended (incorporated by reference from our Registration Statement on Form 20FR12G filed on September 16, 2003).
3.3	Certificate of Amendment (incorporated by reference from our Current Report on Form 8-K filed on June 27, 2006)
3.4	Articles of Conversion (incorporated by reference from our Registration Statement on Form S-4 filed on September 13, 2010)
3.5	Certificate of Amendment (incorporated by reference from our Current Report on Form 8-K filed on June 27, 2012)
(10)	Material Contracts
10.1	Form of Loan Agreement and Promissory Note (incorporated by reference from our Registration Statement on Form 20FR12G filed on September 16, 2003).
10.2	Share Purchase Agreement dated August 24, 2006 with all shareholders of Taiwan Halee International Co. Ltd., Cheng Chun-Chin and TransAKT Taiwan Limited (incorporated by reference from our to our Current Report on Form 8-K filed on September 26, 2006)
10.3	Distribution Agreement with Panasonic (Taiwan) dated April, 2010 (incorporated by reference from our Annual and Transition Report on Form 20-F/A filed on January 21, 2011).
10.4	Manufacture and Distribution Agreement with Sanyo dated April, 2010 (incorporated by reference from our Annual and Transition Report on Form 20-F/A filed on January 21, 2011).
10.5	Form of Promissory for Shareholder Loan dated April, 2010 (incorporated by reference from our Annual and Transition Report on Form 20-F/A filed on January 21, 2011).
10.6	Form of Subscription Agreement for Convertible Debenture dated April, 2010 (incorporated by reference from our Annual and Transition Report on Form 20-F/A filed on January 21, 2011).
10.7	Asset Purchase and Sale Agreement dated May 3, 2012 with Vegfab Agricultural Technology Co. Ltd. (incorporated by reference from our Current Report on Form 8-K filed on May 8, 2012)
10.8	Performance Compensation Agreement dated June 15, 2006 (incorporated by reference to our Current Report on Form 8-K filed on August 7, 2012)
10.9	Asset Purchase Amending Agreement dated July 26, 2012 with Vegfab Agricultural Technology Co. Ltd. (incorporated by reference from our Current Report on Form 8-K filed on August 7, 2012)
10.10	Share Purchase and Sale Agreement dated January 4, 2013 with Pan Yen Chu (incorporated by reference from our Current Report on Form 8-K filed on January 14, 2013)
10.11	Share transfer agreement dated June 30, 2015 with James Wu and share transfer agreement between TransAKT Taiwan Ltd. And Peng Yuchi (incorporated by reference from our current report on form 8-K filed on July 6, 2015)
10.12	Form of Convertible Promissory Note and Securities Purchase Agreement (incorporated by reference from our current report on Form 8-K filed on July 19, 2016).
10.13	On February 28,2017, the holder of the Convertible Promissory Note executed the right to convert the note to common shares including the accrued interest. (incorporated by reference from our current report on form 8-K filed on March 3,2017

Our company has taken certain restructuring steps to provide the necessary capital to continue its operations. These steps included: (1) Tightly budgeting and controlling all expenses; (2) Expanding our company’s operations into China, expanding product lines and recruiting a strong sales team to significantly increase sales revenue in 2017; . (3) Cooperate with local partners in the Guangdong province to research and develop new products; (4) Our company plans to continue actively seeking additional funding opportunities to improve and expand upon our product lines.17

At this time, we cannot provide investors with any assurance that we will be able to raise sufficient funding from the sale of our common stock or through a loan from our directors, shareholders, or investors to meet our obligations over the next twelve months. We do not have any further arrangements in place for any future debt or equity financing.

Exhibit
Number	Description

(14)	Code of Ethics
14.1	Code of Ethics (April, 2010) (incorporated by reference from our Annual and Transition Report on Form 20-F/A filed on January 21, 2011).
(21)	Subsidiaries of the Registrant
21.1	TransAKT (BVI) Ltd.(Wholly owned), a BVI company
21.2	TransAKT BIO Agritech Ltd. (Wholly owned), a Hong Kong company
(31)	Rule 13a-14(a)/15d-14(a) Certifications
31.1*	Certificate of Principal Executive Officer filed pursuant to Section 302 Certification under Sarbanes- Oxley Act of 2002
31.2*	Certification of Principal Financial Officer and Principal Accounting Officer filed pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
(32)	Section 1350 Certifications
32.1*	Certificate of Principal Executive Officer filed pursuant to Section 906 Certification under Sarbanes- Oxley Act of 2002
32.2*	Certificate of Principal Financial Officer and Principal Accounting Officer filed pursuant to Section 906 Certification under Sarbanes- Oxley Act of 2002
101**	Interactive Data File
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

Item 3. Quantitative Disclosures about Market Risks

*	Filed herewith.

**	Furnished herewith. Pursuant to Rule 406T of Regulation S-T, the Interactive Data Files on Exhibit 101 hereto are deemed not filed or part of any registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, are deemed not filed for purposes of Section 18 of the Securities and Exchange Act of 1934, and otherwise are not subject to liability under those sections.

~~As a “smaller reporting company”, we are not required to provide the information required by this Item.~~ 18

14SIGNATURES

~~Item~~Pursuant 4.to ~~Controls~~the ~~and~~requirements ~~Procedures~~of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Management’s Report on Disclosure Controls and Procedures

	TRANSAKT LTD.
	(Registrant)


Dated: May 15, 2018	/s/ Ho Kang-Wing
	Ho Kang-Wing
	President and Chief Executive Officer
	(Principal Executive Officer)



Dated: May 15, 2018	/s/ Yam Chi-Wah
	Yam Chi-Wah
	Chief Financial Officer
	(Principal Financial Officer and Principal Accounting
	Officer)

We maintain disclosure controls and procedures that are designed to ensure that information required to be disclosed in our reports filed under the Securities Exchange Act of 1934, as amended, is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission's rules and forms, and that such information is accumulated and communicated to our management, including our chief executive officer (our principal executive officer) and chief financial officer (our principal financial officer and principle accounting officer) to allow for timely decisions regarding required disclosure. 19

As of the end of the quarter covered by this report, we carried out an evaluation, under the supervision and with the participation of our chief executive officer (our principal executive officer) and chief financial officer (our principal financial officer and principle accounting officer), of the effectiveness of the design and operation of our disclosure controls and procedures. Based on the foregoing, our chief executive officer (our principal executive officer) and chief financial officer (our principal financial officer and principle accounting officer) concluded that our disclosure controls and procedures were effective as of the end of the period covered by this quarterly report.

Changes in Internal Control over Financial Reporting

During the period covered by this report there were no changes in our internal control over financial reporting that materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

PART II

OTHER INFORMATION

Item 1. Legal Proceedings

We know of no material, existing or pending legal proceedings against our company, nor are we involved as a plaintiff in any material proceeding or pending litigation. There are no proceedings in which any of our directors, executive officers or affiliates, or any registered or beneficial stockholder, is an adverse party or has a material interest adverse to our interest.

Item 1A. Risk Factors

Risks Related to our Business

We have a history of operating losses which may affect our ability to continue operations.

We have sustained operating losses before income tax of $(159,544) for the period ended September 30, 2017. If we are unable to achieve profitability or to raise sufficient capital to carry out our business plan, we may not be able to continue operations.

We have a limited operating history and are still proving the viability of our products and business model, and thus, we may be unable to sustain operations and you may lose your entire investment.

During fiscal 2012, we abandoned our VWAP and VoIP product lines and adopted the business of our subsidiary, Vegfab Agricultural Technology Co. Ltd., which began operations in 2010. We are still adding to our product line and are in the process of proving the viability of our products and business model. If we are unable to prove our business model or the viability of our products, we may not be able to sustain operations and our ability to raise additional funding may be jeopardized.

Our competition has greater resources than we do and can respond more quickly to changes in our industry which could adversely affect our ability to compete.

Public acceptance of our products may never reach the magnitude required for us to achieve commercial profitability.

Many of our existing competitors, as well as a number of potential new competitors have longer operating histories, greater name recognition, larger customer bases and significantly greater financial, technical and marketing resources than us. These factors may allow them to respond more quickly than us to new or emerging technologies and changes in customer requirements. It may also allow them to devote greater resources than we can to the development, promotion and sale of their products and services. Such competitors may also engage in more extensive research and development, undertake more far-reaching marketing campaigns, adopt more aggressive pricing policies and make more attractive offers to existing and potential employees, strategic partners, advertisers and Internet publishers. In addition, current and potential competitors have established or may establish cooperative relationships among themselves or with third parties to increase the quality and commercial viability of their products or services.

Volatility of global economic conditions may affect our ability to raise capital and our product costs which may affect our ability to continue operations.

Our revenues, profitability, future growth, and the carrying value of our assets are substantially dependent on prevailing global economic conditions, generally, and on fluctuations in specific factors such as exchange rates, rates of inflation, governmental stability and the occurrence of economically disruptive events, such as war or natural or industrial disaster. Our ability to borrow and to obtain additional capital on attractive terms is also substantially dependent upon these factors. The negative impact of these factors on sales orders originating from an affected country would have an adverse effect on our borrowing capacity, revenues, profitability and cash flows from operations. For example, unfavorable changes in exchange rates can increase the cost of our products and reduce revenues, resulting in reduced profitability. In the event that our profitability is reduced and we are unable to maintain our profit margins, our ability to raise or to borrow capital may decrease. In addition, as has been recently experienced, general downturns in the technology sector worldwide have made fundraising difficult. Since the marketing of our products will require us to raise additional capital, such downturns may have an adverse effect on our ability to continue operations and to effectively market our products.

We are dependent on key personnel who have extensive knowledge of our products and business and thus, the loss of one or more of these individuals may adversely affect our business.

We are heavily dependent upon the expertise of our management and certain other key officers and directors who have extensive knowledge of our products and our operations, and the loss of one or more of these individuals could have a material adverse effect on our business. We do not maintain key-person insurance policies on any of our executive officers. Since we are a technology driven company, our future success also depends on our ability to continue to attract, retain, and motivate highly skilled employees in the telecommunications technology sector, and in the technology sector, generally. Competition for employees in our industry is intense. We may be unable to retain key employees or to attract, assimilate, or retain other highly qualified employees in the future.

The audit report included in the Annual Report was prepared by auditors who are not inspected by the Public Company Accounting Oversight Board and, as a result, you are deprived of the benefits of such inspection

The independent registered public accounting firm that issues the audit reports included in our annual reports filed with the SEC, as auditors of companies that are traded publicly in the United States and a firm registered with the Public Company Accounting Oversight Board (United States), or the “PCAOB”, is required by the laws of the United States to undergo regular inspections by the PCAOB to assess its compliance with the laws of the United States and professional standards. Because our auditors are located in the PRC, a jurisdiction where the PCAOB is currently unable to conduct inspections without the approval of the PRC authorities, our auditors are not currently inspected by the PCAOB.

Inspections of other firms that the PCAOB has conducted outside China have identified deficiencies in those firms' audit procedures and quality control procedures, which may be addressed as part of the inspection process to improve future audit quality. The inability of the PCAOB to conduct inspections in China prevents the PCAOB from regularly evaluating our auditor's statements, audits and quality control procedures. As a result, investors may be deprived of the benefits of PCAOB inspections.

The inability of the PCAOB to conduct inspections of auditors in China makes it more difficult to evaluate the effectiveness of our auditor's quality control and audit procedures as compared to auditors outside of China that are subject to PCAOB inspections. Investors may lose confidence in our reported financial information and procedures and the quality of our financial statements.

Government regulation could adversely affect our ability to sell our products.

Government regulations could potentially slow down our expansion plans. We may be required to obtain approval of our products from several regulatory agencies. Regulatory approval processes can be onerous and slow, and could adversely affect our ability to meet our financial projections. Further, compliance with different national standards may require additional capital investments and testing. If we are unable to obtain such financing or to obtain any necessary approvals, our business could be adversely impacted.

We will need additional funds in order to implement our intended projects and there is no assurance that such funds will be available as, if and when needed, which may adversely affect our operations.

Cash flow used in operations of $443,750 for the period ended September 30, 2017, and cash flow used in operations of $189,450 for the period ended September 30, 2016. We continue to be dependent on the proceeds of equity and non-equity financing to fund our operations. No assurances can be given that our actual cash requirements will fall within our budget,, that anticipated revenues will be realized when needed, that lines of credit will be available to us if required, or that additional capital will be available to us. We anticipate that over the next twelve months, we will need a minimum of $1,400,000 to sustain operations and market our products effectively.

Failure to obtain such additional funds on terms and conditions that we deem acceptable may materially and adversely affect our ability to effectively market and distribute our products, resulting in decreased revenues which may also result in a decreased share price.

Prices for raw materials required for our products are volatile. If there is a significant increase in prices of raw materials our ability to generate revenue and achieve profitability may suffer.

All raw materials for our products are sourced from China and Taiwan. Due to the fact that many of our products use computer components, the price of these components can be highly volatile and are subject to the risk of obsolescence. In order to control costs and the risk of obsolescence, we contract with a manufacturer at a set price for the building of our product over a number of terminals. Despite these efforts, there can be no assurance that we will be able to keep prices of raw materials at a cost effective level for our operations. If there is a significant increase in raw materials our ability to generate revenue and achieve profitability may suffer.

Risks Related to our Stock

The market price of our common shares has been and will in all likelihood continue to be volatile, which may adversely affect the value of your investment.

The market price of our common shares has fluctuated over a wide range and it is likely that the price of our common stock will continue to fluctuate in the future. Announcements regarding acquisitions, the status of corporate collaborations, regulatory approvals or other developments by us or our competitors could have a significant impact on the market price of our common shares.

Our shares currently trade on the OTC Markets OTCQB (“OTCQB”) with limited activity. If this market is not sustained or we are unable to satisfy any future trading criteria that may be imposed by the Financial Industry Regulation Authority (“FINRA”) on our market makers or by the Securities and Exchange Commission (“SEC”) on us, there may not be any liquidity for our shares. What’s more, we have not generated any profit from the sale of our products to date. These factors could have a negative impact on the liquidity of any investment made in our stock.

The value and transferability of our shares may be adversely impacted by the penny stock rules.

Holders of our common stock in the United States may experience substantial difficulty in selling their securities as a result of the “penny stock rules.” Our common stock is subject to the penny stock rules propagated by the U.S. Securities and Exchange Commission, which impose additional sales practice requirements on broker-dealers who sell such securities to persons other than established customers and accredited investors. Accredited investors generally include 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 spouse. For transactions covered by the rule, the broker-dealer must make a special suitability determination for the purchaser and transaction prior to the sale. Consequently, the rule may affect the ability of broker-dealers to sell our securities and also may affect the ability of purchasers of our stock to sell their shares in the secondary market. It may also cause fewer broker-dealers to make a market in our stock.

The large number of shares eligible for future sale by existing shareholders may adversely affect the market price for our common shares.

Future sales of substantial amounts of our common shares in the public market, or the perception that such sales could occur, could adversely affect the market price of our common shares. At November 15, 2017, we had 133,506,570 common shares outstanding.

No prediction can be made as to the effect, if any, that sales of shares of our common stock or the availability of such shares for sale will have on the market prices of our common stock.

We have limited sales of products to date and no assurance can be given that our products will be widely accepted in the marketplace, which may adversely affect your investment.

Our future sales, and therefore, our cash flow, income, and ultimate success, are highly dependent on success in marketing our products and consumer acceptance of those products. If our products are not widely accepted or we are unable to market our products effectively, we may face reduced share prices, decreased profitability, and decreased cash flow.

There is a limited public market for our common shares at this time in the United States which may affect your ability to sell our stock.

Our shares currently trade on the OTCQB with limited trading. If this market is not sustained or we are unable to satisfy any future trading criteria that may be imposed on our market makers by the Financial Industry Regulations Authority (“FINRA”) or by the SEC on us, there may not be any liquidity for our shares. We have generated only limited revenue from the sale of our products to date. These factors could have a negative impact on the liquidity of any investment made in our stock.

You should not expect to receive dividends.

We have never paid any cash dividends on shares of our capital stock, and we do not anticipate that we will pay any dividends in the foreseeable future. Our current business plan is to retain any future earnings to finance the expansion of our business. Any future determination to pay cash dividends will be at the discretion of our board of directors, and will be dependent upon our consolidated financial condition, results of operations, capital requirements, and such other factors that our board of directors may deem relevant at that time.

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

None.

Item 3. Default upon Senior Securities

None.

Item 4. Mine Safety Disclosures

Not applicable.

Item 5. Other Information

None.

Item 6. Exhibits

Exhibit Number	Description
(3)	(i) Articles of Incorporation; and (ii) Bylaws
3.1	Articles of Amalgamation (incorporated by reference from our Registration Statement on Form 20FR12G filed on September 16, 2003).
3.2	By-laws, as amended (incorporated by reference from our Registration Statement on Form 20FR12G filed on September 16, 2003).
3.3	Certificate of Amendment (incorporated by reference from our Current Report on Form 8-K filed on June 27, 2006)
3.4	Articles of Conversion (incorporated by reference from our Registration Statement on Form S-4 filed on September 13, 2010)
3.5	Certificate of Amendment (incorporated by reference from our Current Report on Form 8-K filed on June 27, 2012)
(10)	Material Contracts
10.1	Form of Loan Agreement and Promissory Note (incorporated by reference from our Registration Statement on Form 20FR12G filed on September 16, 2003).
10.2	Share Purchase Agreement dated August 24, 2006 with all shareholders of Taiwan Halee International Co. Ltd., Cheng Chun-Chin and TransAKT Taiwan Limited (incorporated by reference from our to our Current Report on Form 8-K filed on September 26, 2006)
10.3	Distribution Agreement with Panasonic (Taiwan) dated April, 2010 (incorporated by reference from our Annual and Transition Report on Form 20-F/A filed on January 21, 2011).
10.4	Manufacture and Distribution Agreement with Sanyo dated April, 2010 (incorporated by reference from our Annual and Transition Report on Form 20-F/A filed on January 21, 2011).
10.5	Form of Promissory for Shareholder Loan dated April, 2010 (incorporated by reference from our Annual and Transition Report on Form 20-F/A filed on January 21, 2011).
10.6	Form of Subscription Agreement for Convertible Debenture dated April, 2010 (incorporated by reference from our Annual and Transition Report on Form 20-F/A filed on January 21, 2011).
10.7	Asset Purchase and Sale Agreement dated May 3, 2012 with Vegfab Agricultural Technology Co. Ltd. (incorporated by reference from our Current Report on Form 8-K filed on May 8, 2012)
10.8	Performance Compensation Agreement dated June 15, 2006 (incorporated by reference to our Current Report on Form 8-K filed on August 7, 2012)
10.9	Asset Purchase Amending Agreement dated July 26, 2012 with Vegfab Agricultural Technology Co. Ltd. (incorporated by reference from our Current Report on Form 8-K filed on August 7, 2012)
10.10	Share Purchase and Sale Agreement dated January 4, 2013 with Pan Yen Chu (incorporated by reference from our Current Report on Form 8-K filed on January 14, 2013)
10.11	Share transfer agreement dated June 30, 2015 with James Wu and share transfer agreement between TransAKT Taiwan Ltd. And Peng Yuchi (incorporated by reference from our current report on form 8-K filed on July 6, 2015)
10.12	Share transfer agreement dated June 30, 2015 between TransAKT Taiwan Ltd. And Peng Yuchi (incorporated by reference from our current report on form 8-K filed on July 6, 2015)
10.13	Form of Convertible Promissory Note and Securities Purchase Agreement (incorporated by reference from our current report on Form 8-K filed on July 19, 2016).
10.14	On February 28,2017, the holder of the Convertible Promissory Note executed the right to convert the note to common shares including the accrued interest.(incorporated by reference from our current report on form 8-K filed on March 3,2017

Exhibit Number	Description
(14)	Code of Ethics
14.1	Code of Ethics (April, 2010) (incorporated by reference from our Annual and Transition Report on Form 20-F/A filed on January 21, 2011).
(21)	Subsidiaries of the Registrant
21.1	TransAKT (BVI) Ltd.(Wholly owned), a BVI company
21.2	TransAKT BIO Agritech Ltd. (Wholly owned), a Hong Kong company
(31)	Rule 13a-14(a)/15d-14(a) Certifications
31.1*	Certificate of Principal Executive Officer filed pursuant to Section 302 Certification under Sarbanes- Oxley Act of 2002
31.2*	Certification of Principal Financial Officer and Principal Accounting Officer filed pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
(32)	Section 1350 Certifications
32.1*	Certificate of Principal Executive Officer filed pursuant to Section 906 Certification under Sarbanes- Oxley Act of 2002
32.2*	Certificate of Principal Financial Officer and Principal Accounting Officer filed pursuant to Section 906 Certification under Sarbanes- Oxley Act of 2002
101**	Interactive Data File
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.

Furnished herewith. Pursuant to Rule 406T of Regulation S-T, the Interactive Data Files on Exhibit 101 hereto are deemed not filed or part of any registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, are deemed not filed for purposes of Section 18 of the Securities and Exchange Act of 1934, and otherwise are not subject to liability under those sections.

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	TRANSAKT LTD.
	(Registrant)
Dated: November 14, 2017	/s/ Ho Kang-Wing
	Ho Kang-Wing
	President and Chief Executive Officer
	(Principal Executive Officer)
Dated: November 14, 2017	/s/ Yam Chi-Wah
	Yam Chi-Wah
	Chief Financial Officer
	(Principal Financial Officer and Principal Accounting
	Officer)

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