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

FORM 10-Q

(Mark One)

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

FOR THE QUARTERLY PERIOD ENDED ~~September~~March 3031, ~~2018~~ 2019

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

FOR THE TRANSITION PERIOD FROM ~~_________~~__________ TO __________

~~Commission~~COMMISSION ~~File~~FILE ~~Number~~NUMBER 000-32341

OMPHALOS, CORP.
(Exact name of registrant as specified in its charter)

Nevada	84-1482082
(State or other jurisdiction of incorporation or	(I.R.S. Employer Identification No.)
organization)

Unit 2, 15 Fl., ~~No.~~ 83, Nankan Rd. Sec. 1, ~~Luzhu~~ Luchu Dist., Taoyuan City, ~~33859~~338, Taiwan (Address of principal executive offices, Zip Code)

011-~~886~~8863-3-322-9658 (Registrant’s ~~telephone~~ telephone number, including area code)

~~______________________________________________________________~~(Former name, former address and former fiscal year, if changed since last report)

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

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

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

Large accelerated filer [ ] Accelerated filer [ ] Non-accelerated filer [ X] Smaller reporting company [X] Emerging growth company [ ]

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial ~~accounting~~account 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 [ ] No [X]

AsSecurities ofregistered ~~October 31,~~pursuant ~~2018,~~to ~~30,063,760~~Section ~~shares~~12(b) of the ~~Company’s common stock, $0.0001 par value, were issued and outstanding.~~ Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, par value $0.0001	OMPS	OTC Pink

The number of shares of registrant's common stock outstanding, as of May 10, 2019 was 115,063,760.

TABLE OF CONTENTS

		Page
	PART I - FINANCIAL INFORMATION
Item 1.	Financial Statements	43
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operation	54
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	76
Item 4.	Controls and Procedures	76
	PART II - OTHER INFORMATION
Item 1.	Legal Proceedings	7
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	87
Item 3.	Defaults Upon Senior Securities	87
Item 4.	Mine Safety Disclosures	87
Item 5.	Other Information	87
Item 6.	Exhibits	87
		8
SIGNATURES
SIGNATURES		9

3 2

PART I - FINANCIAL INFORMATION

Item 1.

Financial Statements.

CONTENTS

	Page
Condensed Consolidated Balance Sheets	F-1
Condensed Consolidated Statements of Operations and Other Comprehensive Income (Loss)	F- 2
Condensed Consolidated Statements of Operations and Other Comprehensive Loss	F-2
Condensed Consolidated Statements of Cash Flows	F-3
Notes to Consolidated Financial Statements	F-4- F-9
Condensed Consolidated Statements of Changes in Stockholders’ Equity (Deficit)	F-4
Notes to Consolidated Financial Statements	F-5 - F-15

4 3

OMPHALOS, CORP. CONDENSED CONSOLIDATED BALANCE ~~SHEETS~~ SHEETS

		September 30,			December 31,
		March 31,			December 31,
		2018			2017
		2019			2018
Assets		(Unaudited)
Current Assets
Cash and cash equivalents	$	1810,~~070~~286		$	2355,~~051~~499
Accounts receivable, net		435,~~734~~891			4416,~~204~~918
Inventory, net		88152,~~885~~353			~~118~~86,~~475~~708
Prepaid and other current assets		3927,~~350~~446			2140,~~023~~776
Total current assets		~~190~~195,~~039~~976			~~206~~199,~~753~~901
Leasehold improvements and equipment, net		43,~~836~~463			74,~~019~~153
Intangible assets, net		13,940			16,854
Operating lease right-of-use assets		79,240			-
Deposits		2,796			3,599
Intangible assets, net		12,141			13,056
Total Assets	$	211,611		$	234,225
Deposits		2,760			2,782
Total Assets	$	293,580		$	219,892
Liabilities and Stockholders' Equity
Current Liabilities
Accounts payable	$	2368,~~412~~288		$	17,~~394~~268
Accrued salaries and bonus		75,~~099~~700			196,~~448~~468
Accrued expenses		3432,~~435~~287			4231,~~397~~167
Due to related parties		764,982			654,910
Advance from customers		738			744
Loan from shareholders – current portion		492,450			506,073
Due to related parties		764,913			752,113
Total current liabilities		1,322,378			1,240,222
Loan from shareholders – current portion		324,044			490,037
Long-term Liabilities
Operating lease liability – current portion		33,102			-
Loan from shareholders		492,450			506,073
Total current liabilities		1,229,072			1,297,797
Total liabilities		1,814,828			1,746,295
Non-current Liabilities
Stockholders' Deficit
Loan from shareholders, less current portion		648,088			490,037
Common stock, $0.0001 par value, 120,000,000 shares authorized, 30,063,759 shares issued and outstanding as of September 30, 2018 and December 31, 2017, respectively		3,007			3,007
Operating lease liability, less current portion		46,138			-
Additional paid-in capital		47,523			47,523
Total liabilities		1,923,298			1,787,834
Other comprehensive income		508,876			465,722
Stockholders' Equity (Deficit)
Accumulated deficit		(2,162,623	)		(2,028,322	)
Common stock, $0.0001 par value, 120,000,000 shares authorized, 115,063,760 shares issued and outstanding as of March 31, 2019 and December 31, 2018		11,507			11,507
Total Stockholders' deficit		(1,603,217	)		(1,512,070	)
Additional paid-in capital		124,023			124,023
Total Liabilities and Stockholders' Deficit	$	211,611		$	234,225
Other comprehensive income		530,154			516,668
Accumulated deficit		(2,295,402	)		(2,220,140	)
Total stockholders' equity (deficit)		(1,629,718	)		(1,567,942	)
Total Liabilities and Stockholders' Deficit	$	293,580		$	219,892

See accompanying Notes to Condensed Consolidated Financial Statements

F-1

OMPHALOS, CORP. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND OTHER COMPREHENSIVE ~~INCOME~~LOSS FOR THE THREE MONTHS ENDED MARCH 31, 2019 AND 2018 (~~LOSS) (~~UNAUDITED)

		FOR THE NINE						FOR THE THREE
		Three Months Ended			Three Months Ended
		MONTHS ENDED SEPTEMBER						MONTHS ENDED SEPTEMBER
		March 31, 2019			March 31, 2018
		30,						30,
Sales, net	$	1,020		$	154,541
		2018			2017			2018			2017
Cost of sales		5,282			84,898
Sales, net	$	504,319		$	550,886		$	18,255		$	66,867
Gross profit		(4,262	)		69,643
Cost of sales		295,988			309,819			2,583			42,119
Selling, general and administrative expenses		63,818			113,709
Gross profit		208,331			241,067			15,672			24,748
Loss from operations		(68,080	)		(44,066	)
Selling, general and administrative expenses		325,783			407,584			87,743			115,616
Other income (expenses)
Loss from operations		(117,452	)		(166,517	)		(72,071	)		(90,868	)
Interest expense		(7,300	)		(7,684	)
Other income (expenses)
Gain (loss) on foreign currency exchange		118			(2,035	)
Interest income		146			42			(1	)		-
Total other income (expenses)		(7,182	)		(9,719	)
Interest expense		(22,569	)		(22,131	)		(7,332	)		(7,437	)
Loss before provision for income taxes		(75,262	)		(53,785	)
Gain (loss) on foreign currency exchange		5,574			1,490			489			2,894
Provision for income taxes		-			-
Total other income (expenses)		(16,849	)		(20,599	)		(6,844	)		(4,543	)
Net loss	$	(75,262	)	$	(53,785	)
Loss before provision for income taxes		(134,301	)		(187,116	)		(78,915	)		(95,411	)
Weighted average number of common shares:
Provision for income taxes		-			-			-			-
Basic and diluted		115,063,760			30,063,760
Net Loss	$	(134,301	)	$	(187,116	)	$	(78,915	)	$	(95,411	)
Net loss per share:
Weighted average number of common shares:
Basic and diluted	$	(0.00	)	$	(0.00	)
Basic and diluted		30,063,759			30,063,759			30,063,759			30,063,759
Other Comprehensive Loss:
Net loss per share:
Net Loss	$	(75,262	)	$	(53,785	)
Basic and diluted	$	(0.00	)	$	(0.01	)	$	(0.00	)	$	(0.00	)
Foreign currency translation adjustment, net of tax		13,486			(28,403	)
Other Comprehensive (Loss) Income:
Comprehensive Loss	$	(61,776	)	$	(82,188	)
Net loss	$	(134,301	)	$	(187,116	)	$	(78,915	)	$	(95,411	)
Foreign currency translation adjustment, net of tax		43,154			(78,698	)		2,249			(2,306	)
Comprehensive (Loss) Income	$	(91,147	)	$	(265,814	)	$	(76,666	)	$	(97,717	)

See accompanying Notes to Condensed Consolidated Financial Statements

F-2

OMPHALOS, CORP. ~~CONDENSED~~ CONSOLIDATED STATEMENTS OF ~~CASH~~CHANGE ~~FLOWS~~IN ~~FOR~~STOCKHOLDERS' ~~THE~~EQUITY ~~NINE~~(DEFICIT) ~~MONTHS ENDED SEPTEMBER 30, 2018 AND 2017~~ (UNAUDITED)

		Nine Months Ended			Nine Months Ended
		Common Stock						Additional		Accumulated			Comprehensive
		September 30, 2018			September 30, 2017
		Shares			Amount			Paid-in Capital		Deficits			Income			Total
Cash flows from operating activities
Balance at December 31, 2017		30,063,760		$	3,007		$	47,523	$	(2,028,322	)	$	465,722		$	(1,512,070	)
Net loss	$	(134,301	)	$	(187,116	)
Translation adjustment		-			-			-		-			(28,403	)		(28,403	)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Net loss		-			-			-		(53,785	)		-			(53,785	)
Amortization and depreciation		4,535			5,123
Balance at March 31, 2018		30,063,760		$	3,007		$	47,523	$	(2,082,107	)	$	437,319		$	(1,594,258	)
Foreign currency exchange gain		-			(1,491	)
		Common Stock						Additional		Accumulated			Comprehensive
Changes in assets and liabilities:
		Shares			Amount			Paid-in Capital		Deficits			Income			Total
Decrease (Increase) in accounts receivable		(732	)		(31,902	)
Balance at December 31, 2018		115,063,760		$	11,507		$	124,023	$	(2,220,140	)	$	516,668		$	(1,567,942	)
Decrease (Increase) in inventory		26,888			38,132
Translation adjustment		-			-			-		-			13,486			13,486
Decrease (Increase) in prepaid and other assets		(18,522	)		3,356
Net loss		-			-			-		(75,262	)		-			(75,262	)
Increase (Decrease) in accounts payable		6,606			454
Balance at March 31, 2019		115,063,760		$	11,507		$	124,023	$	(2,295,402	)	$	530,154		$	(1,629,718	)
Increase (Decrease) in accrued expenses		(18,989	)		(8,574	)
Increase (Decrease) in advance from customers		-			(24,921	)
Increase (Decrease) in due to related parties		130,061			270,001
Net cash provided by (used in) operating activities		(4,454	)		63,062
Effect of exchange rate changes on cash and cash equivalents		(527	)		4,385
Net increase (decrease) in cash and cash equivalents		(4,981	)		67,447
Cash and cash equivalents
Beginning		23,051			37,643
Ending	$	18,070		$	105,090
Supplemental disclosure of cash flows
Cash paid during the year for:
Interest expense	$	22,569		$	22,131
Income tax	$	-		$	-

See accompanying Notes to Condensed Consolidated Financial Statements

F-3

OMPHALOS, CORP. ~~NOTES~~CONDENSED TOCONSOLIDATED ~~THE~~STATEMENTS ~~UNAUDITED~~OF ~~CONDENSED CONSOLIDATED~~CASH ~~FINANCIAL~~FLOWS ~~STATEMENTS~~FOR ~~SEPTEMBER~~THE 30THREE MONTHS ENDED MARCH 31, 2019 AND 2018 (UNAUDITED)

1. ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

		Three Months			Three Months
		Ended			Ended
		March 31, 2019			March 31, 2018
Cash flows from operating activities
Net loss	$	(75,262	)	$	(53,785	)
Adjustments to reconcile net loss to net cash provided by operating activities:
Amortization and depreciation		1,467			1,544
Foreign currency exchange (gain) loss		-			2,035
Changes in assets and liabilities:
Decrease in accounts receivable		11,027			3,644
Increase in inventory		(65,645	)		(19,564	)
Decrease (Increase) in prepaid and other assets		13,352			(30,389	)
Increase in accounts payable		51,020			68,700
Increase (Decrease) in accrued expenses		346			(10,477	)
Increase in due to related parties		12,800			64,947
Net cash provided by operating activities		(50,895	)		26,655

Effect of exchange rate changes on cash and cash equivalents		5,682			(1,465	)

Net increase in cash and cash equivalents		(45,213	)		25,190

Cash and cash equivalents
Beginning		55,499			23,051
Ending	$	10,286		$	48,241

Supplemental disclosure of cash flows
Cash paid during the year for:
Interest expense	$	4,867		$	7,684
Income tax	$	-		$	-

~~Basis~~See ~~of Presentation — The~~ accompanying ~~unaudited~~Notes ~~condensed~~to ~~consolidated~~Condensed ~~financial~~Consolidated ~~statements have been~~Financial ~~prepared~~Statements 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.

Organization — Omphalos Corp. was incorporated as Soyodo Group Holdings, Inc. (the “Soyodo”) under the laws of Delaware in March 2003. On February 5, 2008, Soyodo acquired the outstanding shares of Omphalos Corp. Omphalos Corp. (the “Omphalos BVI”) , a British Virgin Islands company incorporated on October 30, 2001. For accounting purposes, the acquisition was treated as a recapitalization of Omphalos BVI. Omphalos BVI owns 100% of Omphalos Corp. (Taiwan), All Fine Technology Co., Ltd. (Taiwan), and All Fine Technology Co., Ltd. (B.V.I.). Omphalos Corp. (Taiwan) was incorporated on February 13, 1991 under the laws of Republic of China. All Fine Technology Co., Ltd. (Taiwan) was incorporated on March 23, 2004 under the laws of Republic of China. All Fine Technology Co., Ltd. (B.V.I.) was incorporated on February 2, 2005 under the laws of the British Virgin Islands. Omphalos Corp. (B.V.I.) and its subsidiaries supplies a wide range of equipment and parts including reflow soldering ovens and automated optical inspection machines for printed circuit board (PCB) manufacturers in Taiwan and China. F-4

~~Soyodo entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Omphalos~~OMPHALOS, ~~Corp~~CORP., aNOTES ~~Nevada corporation~~TO ~~which~~THE ~~went~~UNAUDITED ~~effective~~CONDENSED onCONSOLIDATED ~~April~~FINANCIAL ~~18,~~STATEMENTS ~~2008.~~MARCH ~~Pursuant to the Merger Agreement~~31, Soyodo was merged with and into the surviving corporation, Omphalos Corp. The certificate of incorporation and bylaws of the surviving corporation became the certificate of incorporation and bylaws of the Company, and the directors and officers of Soyodo became the members of the board of directors and officers of the Company. Following the execution of the Merger Agreement, the Company filed with the Secretary of State of Delaware and Nevada, a Certificate of Merger. Omphalos, Corp was incorporated on April 15, 2008 under the laws of the state of Nevada. The main purpose of the merger is to change the company’s name to Omphalos, Corp. 2019

~~Basis of Consolidation — The condensed consolidated financial statements include the accounts of Omphalos Corp~~1. ~~and~~ORGANIZATION ~~its~~AND ~~wholly~~SUMMARY ~~owned~~OF ~~subsidiaries.~~SIGNIFICANT ~~All~~ACCOUNTING ~~significant intercompany accounts and transactions are eliminated.~~ POLICIES

~~Going~~Basis ~~Concern~~of Presentation — The ~~Company~~accompanying ~~has~~unaudited ~~incurred~~condensed ~~net~~consolidated ~~losses~~financial ~~during~~statements have been prepared in accordance with generally accepted accounting principles in the United ~~past~~States ~~two~~("GAAP") ~~years~~for interim financial reporting and ~~had~~in anaccordance with ~~accumulated~~instructions ~~deficit~~for ofForm ~~$2,162,623~~10-Q and ~~$2,028,322~~Article as10 of ~~September~~Regulation 30S- X. Accordingly, ~~2018~~they do not include all of the information and footnotes required by generally ~~December~~accepted ~~31,~~accounting ~~2017,~~principles ~~respectively~~for complete financial statements. ~~The~~In ~~accompanying~~the opinion of management, the unaudited condensed consolidated financial statements contained ~~have~~in ~~been~~this ~~prepared~~report ~~assuming~~reflect ~~that~~all ~~the~~adjustments ~~Company~~that ~~will~~are ~~continue~~normal asand ~~a going~~recurring ~~concern.~~in ~~This~~nature ~~basis~~and ofconsidered ~~accounting~~necessary ~~contemplates~~for ~~the~~a ~~recovery~~fair presentation of the ~~Company’s~~financial ~~assets~~position and the ~~satisfaction~~results of ~~liabilities~~operations infor the ~~normal~~interim ~~course~~periods ofpresented. ~~business~~The year-end condensed balance sheet data was derived from audited financial statements, but does not include all disclosures required by GAAP. The results ~~This~~of ~~presentation~~operations ~~presumes~~for ~~funds~~the ~~will~~interim beperiod ~~available~~are tonot ~~finance~~necessarily ~~ongoing~~indicative ~~research~~of the ~~and~~results ~~development~~expected for the full year. These unaudited, ~~operations~~condensed ~~and~~consolidated financial ~~capital~~statements, ~~expenditures~~footnote disclosures and ~~permit~~other ~~the~~information ~~realization~~should be read ofin ~~assets~~conjunction with the financial statements and the ~~payment~~notes ofthereto ~~liabilities~~included in the ~~normal~~Company’s ~~course~~Annual ofReport ~~operations~~on Form 10-K for the ~~foreseeable~~year ~~future.~~ended December 31, 2018.

~~F-4~~Organization — Omphalos Corp. was incorporated as Soyodo Group Holdings, Inc. (the "Soyodo") under the laws of Delaware in March 2003. On February 5, 2008, Soyodo acquired the outstanding shares of Omphalos Corp. Omphalos Corp. (the "Omphalos BVI) was incorporated on October 30, 2001 under the laws of the British Virgin Islands. For accounting purposes, the acquisition was treated as a recapitalization of Omphalos BVI. Omphalos BVI owns 100% of Omphalos Corp. (Taiwan), All Fine Technology Co., Ltd. (Taiwan), and All Fine Technology Co., Ltd. (B.V.I.). Omphalos Corp. (Taiwan) and was incorporated on February 13, 1991 under the laws of Republic of China. All Fine Technology Co., Ltd. (Taiwan) was incorporated on March 23, 2004 under the laws of Republic of China. All Fine Technology Co., Ltd. (B.V.I.) was incorporated on February 2, 2005 under the laws of the British Virgin Islands. Omphalos Corp. (B.V.I.) and its subsidiaries supplies a wide range of equipment and parts including reflow soldering ovens and automated optical inspection machines for printed circuit board (PCB) manufacturers in Taiwan and China.

~~There~~Effective ~~can~~April be18, no2008 ~~assurances~~Soyodo ~~that~~entered into ~~there~~an Agreement and Plan of Merger (the "Merger Agreement") with Omphalos, ~~will~~Corp., bea ~~adequate~~Nevada ~~financing~~corporation. ~~available~~Pursuant to the ~~Company~~Merger Agreement, Soyodo was merged with and into the ~~consolidated~~surviving corporation, Omphalos Corp. The certificate of ~~financial~~incorporation ~~statements~~and dobylaws ~~not~~of ~~include~~the ~~any~~surviving ~~adjustments~~corporation tobecame ~~reflect~~the certificate of incorporation and bylaws of the ~~possible~~Company, and the directors and officers of ~~future~~Soyodo ~~effects~~became onthe members of the ~~recoverability~~board of directors and ~~classification~~officers of ~~assets~~the orCompany. Following the ~~amounts~~execution of the Merger Agreement, the Company filed with the Secretary of State of Delaware and ~~classification~~Nevada, a Certificate of ~~liabilities~~Merger. ~~that~~Omphalos, Corp ~~may~~is ~~result~~incorporated ~~from~~on April 15, 2008 under the ~~outcome~~laws of ~~this~~the state of Nevada. ~~uncertainty~~The main purpose of the merger is to change the company’s name to Omphalos, Corp.

~~The~~Basis ~~Company~~of ~~has~~Consolidation ~~taken certain~~— ~~restructuring~~The ~~steps~~condensed toconsolidated ~~provide~~financial ~~the~~statements ~~necessary~~include ~~capital~~the toaccounts ~~continue~~of ~~its operations.~~Omphalos ~~These~~Corp. ~~steps included: (1) Tightly budgeting~~ and ~~controlling~~its ~~all~~wholly ~~expenses;~~owned ~~(2) Expanding~~subsidiaries. ~~product~~All ~~lines~~significant ~~and~~intercompany ~~recruiting a strong sales team to significantly~~accounts ~~increase sales revenue~~ and ~~profit~~transactions inare ~~2018; (3) The Company plans to continue actively seeing additional funding opportunities to improve and expand upon its product lines~~eliminated.

~~Use~~Going ofConcern ~~Estimates~~ — The ~~preparation~~Company ofhas ~~financial~~incurred ~~statements~~a insignificant ~~conformity~~net ~~with~~loss ~~accounting~~during ~~principles~~the past two years and had an ~~generally~~accumulated ~~accepted~~deficit inof ~~the~~$2,295,402 ~~United~~and ~~States~~$2,220,140 as of ~~America~~March ~~requires~~31, ~~management~~2019 toand December ~~make~~31, 2018, respectively. The accompanying consolidated financial ~~estimates~~statements ~~and~~have ~~assumptions~~been ~~that~~prepared ~~affect~~assuming that the ~~reported~~Company ~~amounts~~will ofcontinue ~~assets~~as ~~and~~a going ~~liabilities~~concern. ~~and~~This ~~disclosure~~basis of ~~contingent~~accounting contemplates the recovery of the Company’s assets and the satisfaction of liabilities atin the ~~date~~normal course of business. ~~the~~This ~~financial~~presentation ~~statements~~presumes funds will be available to finance ongoing research and ~~the~~development, ~~reported~~operations ~~amounts~~and ofcapital ~~revenues~~expenditures and ~~expenses~~permit the realization ~~during~~of assets and the ~~reporting~~payment ~~period.~~of ~~Actual~~liabilities ~~results~~in ~~could~~the ~~differ~~normal ~~from~~course ~~those~~of ~~estimates.~~operations for the foreseeable future.

Cash and Cash Equivalents — Cash and cash equivalents include cash on hand and cash in time deposits, certificates of deposit and all highly liquid debt instruments with original maturities of three months or less. F-5

~~Accounts~~There ~~Receivable~~can ~~— Accounts~~be ~~receivables~~no ~~are~~assurances ~~carried~~that atthere will ~~original~~be ~~invoice~~adequate ~~amount~~financing ~~less~~available ~~estimates~~to ~~made for~~the ~~doubtful~~Company ~~receivables.~~and ~~Management determines~~ the ~~allowance for doubtful~~consolidated ~~accounts~~financial onstatements ado ~~quarterly~~not ~~basis~~include ~~based~~any onadjustments ato ~~review~~reflect of the ~~current status of~~possible ~~existing~~future ~~receivables,~~effects ~~account~~on ~~aging, historical collection experience, subsequent collections, management's evaluation of~~ the ~~effect~~recoverability ~~of existing economic conditions,~~ and ~~other~~classification ~~known~~of ~~factors.~~assets ~~The~~or ~~provision is provided for~~ the ~~above~~ ~~estimates made for all doubtful receivables. Account balances are charged~~amounts ~~off~~and ~~against~~classification ~~the~~of ~~allowance~~liabilities ~~only when the Company considers it is probable~~ that ~~a receivable~~may ~~will~~result ~~not~~from bethe ~~recovered.~~outcome ~~Recoveries~~ of ~~trade receivables previously~~this ~~written off are recorded when received~~uncertainty.

~~Inventory~~The —Company ~~Inventory~~has istaken certain ~~carried~~restructuring atsteps ~~the~~to ~~lower~~provide ofthe ~~cost~~necessary ~~and~~capital ~~net~~to ~~realizable~~continue ~~value~~its operations. These ~~Net~~steps ~~realizable~~included: ~~value~~ (~~NRV~~1) isTightly ~~defined~~budgeting asand ~~estimated~~controlling ~~selling~~all ~~prices~~expenses; ~~less~~(2) Expanding ~~costs~~product oflines ~~completion, disposal,~~ and ~~transportation.~~recruiting ~~Cost~~a isstrong ~~determined~~sales byteam ~~using~~to ~~the specific identification~~significantly ~~method.~~increase ~~The~~sales ~~Company~~revenue ~~periodically reviews the age~~ and ~~turnover~~profit ofin ~~its~~2019; ~~inventory to~~(3) ~~determine~~The ~~whether~~Company ~~any~~plans ~~inventory has become obsolete or has declined in value, and charges~~ to ~~operations for known and anticipated inventory obsolescence.~~continue ~~Inventory~~actively ~~consists~~seeing ~~substantially~~additional offunding ~~finished~~opportunities ~~goods~~to ~~and~~improve ~~is net of an allowance for slow-moving inventory of $438,558~~ and ~~$450,691~~expand atupon ~~September 30, 2018 and~~its ~~December~~product ~~31, 2017, respectively~~lines.

~~Property~~Use ~~and~~of ~~Equipment~~Estimates — The ~~Property~~preparation ~~and~~of ~~equipment~~financial ~~are~~statements ~~recorded~~in atconformity ~~cost,~~with ~~less~~accounting ~~accumulated~~principles generally ~~depreciation.~~accepted in the United States of America requires management to make ~~Depreciation~~estimates isand ~~computed~~assumptions onthat affect the ~~straight-line~~reported ~~method~~amounts ~~over~~of assets and liabilities and disclosure of contingent assets and liabilities at the ~~estimated~~date ~~useful~~of ~~lives~~the financial statements and the reported amounts of revenues and expenses during the ~~related~~reporting ~~assets~~period. asActual ~~follows:~~results could differ from those estimates.

Automobile	5 years
Furniture and fixtures	3 years
Machinery and equipment	3 to 5 years
Leasehold improvements	55 years

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

~~Expenditures~~Accounts ~~for~~Receivable ~~major renewals and~~— ~~betterment~~Accounts ~~that~~receivables ~~extend~~are ~~the~~carried ~~useful~~at ~~lives~~original ofinvoice ~~property~~amount ~~and~~less ~~equipment~~estimates ~~are~~made ~~capitalized. Expenditures~~ for ~~repairs~~doubtful ~~and~~receivables. ~~maintenance~~Management ~~are~~determines ~~charged~~the toallowance ~~expense~~for asdoubtful ~~incurred.~~accounts ~~When~~on ~~property~~a ~~and~~quarterly ~~equipment~~basis ~~are~~based ~~retired~~on ora ~~otherwise~~review ~~disposed~~ of, the ~~asset~~ ~~and~~current ~~accumulated~~status ~~depreciation~~of existing ~~are~~receivables, ~~removed~~account ~~from~~aging, ~~the~~historical ~~accounts~~collection ~~and the~~experience, ~~resulting~~subsequent ~~profit~~collections, ormanagement's ~~loss~~evaluation isof ~~reflected in~~ the ~~statement~~effect of ~~income~~existing economic ~~for~~conditions, ~~the period.~~and ~~The~~other ~~accumulated~~known ~~depreciation~~factors. ~~was~~The ~~$121,801~~provision ~~and~~is ~~$123,122~~provided atfor the ~~September~~above ~~30,~~estimates ~~2018~~made ~~and~~for ~~December~~all ~~31,~~doubtful ~~2017, respectively~~receivables. ~~Depreciation~~Account ~~expense~~balances ~~was~~are charged ~~$2,030~~off ~~and~~against ~~$2,666 for~~ the ~~nine~~allowance ~~months~~only ~~ended~~when ~~September~~the ~~30,~~Company ~~2018~~considers ~~and~~it ~~2017, respectively.~~is ~~Depreciation~~probable ~~expense~~that ~~was~~a receivable ~~$659~~will ~~and~~not ~~$896~~be ~~for~~recovered. ~~the~~Recoveries ~~three~~of ~~months~~trade ~~ended~~receivables previously ~~September~~written ~~30,~~off ~~2018~~are ~~and~~recorded ~~2017,~~when ~~respectively~~received.

~~Intangible~~Inventory ~~Assets~~ — Inventory is ~~Include~~carried ~~cost~~at ofthe ~~patent~~lower ~~applications~~of ~~that~~cost ~~are~~or ~~deferred~~market. ~~and~~Cost ~~charged~~is todetermined ~~operations over~~by ~~their~~using ~~useful~~the ~~lives~~specific identification method. The ~~accumulated~~Company ~~amortization~~periodically isreviews ~~$36,140~~the age and ~~$34,612~~turnover atof ~~September~~its ~~30,~~inventory ~~2018~~to ~~and~~determine ~~December~~whether ~~31,~~any ~~2017,~~inventory ~~respectively.~~has ~~Amortization~~become ~~of intangible~~obsolete ~~assets~~or ~~was~~has declined $2in value,~~505~~ and ~~$2,457~~charges ~~for~~to ~~the~~operations ~~nine~~for ~~months~~known ~~ended~~and ~~September~~anticipated ~~30,~~inventory ~~2018~~obsolescence. ~~and~~Inventory ~~2017,~~consists ~~respectively.~~substantially ~~Amortization~~ of ~~intangible~~finished ~~assets~~goods ~~was~~and ~~$814~~is ~~and~~net ~~$826~~of an allowance for ~~the~~slow-moving ~~three~~inventory ~~months~~of ~~ended~~$432,874 ~~September~~and 30$436,409 ~~2018~~at March 31, 2019 and ~~2017~~December 31, 2018, respectively.

FProperty and Equipment — Property and equipment are recorded at cost, less accumulated depreciation. Depreciation is computed on the straight-5line method over the estimated useful lives of the related assets as follows:

Revenue Recognition — The Company derives revenues from the sale of equipment and parts to customers. The Company’s standard shipping term is Free on Board (FOB) shipping point. The Company recognizes revenue upon shipment for the sales under the term FOB shipping point. For the sales under other shipping term arrangements, such as FOB destination, the Company recognizes revenue when title passes to and the risks and rewards of ownership have transferred to the customer based on the terms of the sales. Usually no returns, discounts or other allowances are provided to customers. Shipping and handling charges to customers are included in net sales. Shipping and handling charges incurred by the Company are included in cost of goods sold.

Automobile	5 years
Furniture and fixtures	3 years
Machinery and equipment	3 to 5 years
Leasehold improvements	55 years

Leases — Lease agreements are evaluated to determine if they are capital leases meeting any of the following criteria at inception: (a) Transfer of ownership; (b) Bargain purchase option; (c) The lease term is equal to 75 percent or more of the estimated economic life of the leased property; (d) The present value at the beginning of the lease term of the minimum lease payments, excluding that portion of the payments representing executory costs such as insurance, maintenance, and taxes to be paid by the lessor, including any profit thereon, equals or exceeds 90 percent of the excess of the fair value of the leased property to the lessor at lease inception over any related investment tax credit retained by the lessor and expected to be realized by the lessor. F-6

IfExpenditures atfor ~~its~~major ~~inception~~renewals aand betterment ~~lease~~that ~~meets~~extend ~~any~~the useful lives of property and equipment are capitalized. Expenditures for repairs and maintenance are charged to expense as incurred. When property and equipment are retired or otherwise disposed of, the asset ~~four~~and ~~lease~~accumulated ~~criteria~~depreciation ~~above,~~are removed from the ~~lease~~accounts and the resulting profit or loss is ~~classified~~reflected byin the ~~lessee~~statement asof aincome for the ~~capital~~period. ~~lease;~~The accumulated depreciation was $121,534 and if$121,865 ~~none~~at ofMarch 31, ~~the~~2019 ~~four~~and ~~criteria~~December ~~are~~31, ~~met~~2018, ~~the~~respectively. ~~lease~~Depreciation isexpense ~~classified~~was $657 and by$691 for the ~~lessee~~three asmonths anended ~~operating~~March ~~lease~~31, 2019 and 2018, respectively.

~~Research~~Impairment ~~and~~of ~~Development~~Long-Lived ~~Expenses~~Assets — ~~Research~~The Company has adopted Accounting Standards Codification subtopic 360-10, Property, Plant and ~~development~~Equipment ~~costs~~("ASC ~~are~~360-10"). ~~generally~~ASC ~~expensed~~360-10 asrequires ~~incurred~~that long-lived assets and certain identifiable intangibles held and used by the Company be reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. The Company evaluates its long-lived assets for impairment annually or more often if events and circumstances warrant. Events relating to recoverability may include significant unfavorable changes in business conditions, recurring losses, or a forecasted inability to achieve break-even operating results over an extended period. The Company evaluates the recoverability of long-lived assets based upon forecasted undiscounted cash flows. Should impairment in value be indicated, the carrying value of intangible assets will be adjusted, based on estimates of future discounted cash flows resulting from the use and ultimate disposition of the asset. ASC 360-10 also requires assets to be disposed of be reported at the lower of the carrying amount or the fair value less costs to sell. Management has determined that no impairments of long-lived assets currently exist.

~~Statement~~Intangible ofAssets ~~cash~~— ~~flows~~Include —cost ~~In accordance with FASB ASC Topic 230, “Statement~~ of ~~Cash Flows,”~~patent ~~cash~~applications ~~flows~~that ~~from the Company’s operations~~ are ~~calculated~~deferred ~~based upon the local currencies,~~ and ~~translated~~charged to ~~the reporting currency using an average~~operations ~~foreign~~over ~~exchange~~their ~~rate~~useful ~~for~~lives. ~~the~~The ~~reporting~~accumulated ~~period.~~amortization Asis ~~a result~~$37,290 ~~amounts~~and ~~related~~$36,778 toat ~~changes~~March in31, ~~assets~~2019 and ~~liabilities~~December ~~reported~~31, on2018, ~~the~~respectively. ~~statement~~Amortization of ~~cash flows will~~intangible ~~not~~assets ~~necessarily~~was ~~agree~~$810 ~~with~~and ~~changes~~$853 infor the ~~corresponding~~three ~~balances~~months onended ~~the~~March ~~balance~~31, 2019 and 2018, ~~sheets~~respectively.

~~Income~~Revenue ~~Taxes~~ Recognition —During ~~The~~ the fiscal year 2018, the Company ~~accounts~~has ~~for~~adopted ~~income~~FASB ~~taxes~~Accounting Standards inCodification ~~accordance~~("ASC"), ~~with~~Topic 606 ("ASC ~~740~~606"), ~~Income~~Revenue ~~Taxes,~~from Contracts ~~which~~with ~~requires~~Customers, ~~that~~using the ~~Company~~modified ~~recognize~~retrospective ~~deferred~~method ~~tax~~to ~~liabilities~~all ~~and~~contracts ~~assets~~that ~~based~~were onnot ~~the~~completed ~~differences~~as ~~between~~of ~~the~~January ~~financial~~1, ~~statement~~2018. ~~carrying~~The ~~amounts~~Company ~~and~~ recognized the ~~tax~~cumulative effect ~~basis~~ of ~~assets~~applying ~~and~~the ~~liabilities,~~new ~~using~~revenue ~~enacted~~standard ~~tax~~as ~~rates~~an inadjustment ~~effect~~to inthe opening balance of accumulated deficit at the ~~years~~beginning of 2018. The results for the Company’s ~~differences~~reporting ~~are~~periods ~~expected~~beginning toon ~~reverse.~~and ~~Deferred~~after ~~income~~January ~~tax~~1, ~~benefit~~2018 are presented ~~(expense)~~under ~~results~~ASC ~~from~~606, ~~the~~while ~~change~~prior inperiod ~~net~~amounts ~~deferred~~are ~~tax~~not ~~assets~~adjusted orand ~~deferred~~continue ~~tax~~to be ~~liabilities.~~reported Aunder ~~valuation~~the ~~allowance~~accounting isstandards ~~recorded~~in ~~when,~~effect infor the ~~opinion~~prior ofperiod. Based on ~~management,~~the itCompany’s isreview ~~more~~of ~~likely~~existing ~~than~~sales ~~not~~contracts ~~that~~as ~~some~~of orJanuary ~~all~~1, 2018, the Company concluded that the adoption of ~~any~~the ~~deferred~~new ~~tax assets~~guidance ~~will~~did not behave ~~realized~~a significant change on the Company’s revenue during all periods presented.

~~Stock~~Pursuant ~~Based~~to ~~Compensation~~ASC 606, the Company —recognizes ~~The~~revenue when its customer obtains control of promised goods or services, in an amount that reflects the consideration that the Company ~~applies~~expects to receive in exchange for those goods or services. To determine revenue recognition for arrangements that the ~~fair~~Company ~~value~~determines ~~provisions~~is ofwithin the scope of ASC ~~718~~606, the Company performs the following five steps: (i) identify the ~~Compensation-Stock~~contract(s) ~~Compensation~~with a customer; (~~“ASC~~ii) ~~718”~~identify the performance obligations in the contract; (iii). ~~ASC~~determine ~~718~~the ~~requires~~transaction price; (iv) allocate the transaction ~~recognition~~price ofto ~~compensation~~the ~~expense,~~performance ~~using~~obligations in the contract; and (v) recognize revenue when (or as) the Company satisfies a ~~fair~~performance obligation. The Company only applies the five-~~value~~step ~~based~~model ~~method,~~to ~~for~~contracts ~~costs~~when it is probable that the Company ~~related~~will collect the consideration the Company is entitled to ~~all~~in ~~share-based~~exchange ~~payments~~for ~~including~~the goods ~~stock~~or ~~options~~services the Company transfers to the customers. ~~ASC~~At ~~718~~inception ~~requires~~of the ~~companies~~contract, once the contract is determined to ~~estimate~~be within the ~~fair~~scope ~~value~~ of ~~share-based~~ASC ~~payment~~606, ~~awards~~the Company onassesses the ~~grant~~goods or services promised within each contract, determines ~~date~~those ~~using~~that anare ~~option~~performance ~~pricing~~obligations, ~~model~~and assesses whether each promised good or service is distinct. The Company ~~does~~then ~~not~~recognizes ~~have~~as ~~any~~revenue ~~awards~~the amount of the ~~stock-based~~transaction ~~compensation~~price ~~issued~~that ~~and~~is ~~outstanding~~allocated ~~for~~to the ~~nine~~respective ~~months~~performance ~~ended at~~obligation ~~September~~when ~~30,~~(or ~~2018~~as) ~~and~~the ~~2017~~performance obligation is satisfied.

~~Loss Per Share — The Company has adopted Accounting Standards Codification subtopic 260~~F-~~10,~~7 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. For the nine months ended September 30, 2018 and 2017, the Company did not have any common equivalent shares.

~~F-6~~Merchandise Sales: The Company recognizes net revenues from machinery product sales when customers obtain control of the Company’s products, which typically occurs upon delivery to customer. Product revenues are recorded at the net sales price, or "transaction price," which includes applicable reserves for variable consideration, including discounts, allowances, and returns.

~~Impairment~~Trade ofdiscount ~~Long-Lived~~and ~~Assets~~allowances: — The Company ~~has~~generally ~~adopted~~provides ~~Accounting~~invoice ~~Standards~~discounts ~~Codification~~on ~~subtopic 360-10,~~product ~~Property,~~sales ~~Plant~~to ~~and~~its customers ~~Equipment~~for ~~(“ASC~~prompt ~~360-10”)~~payment. ~~ASC~~The ~~360-10 requires that long-lived assets and certain identifiable intangibles held and used by the~~ Company beestimates ~~reviewed for impairment whenever events or changes in circumstances indicate~~ that, ~~the~~based ~~carrying~~on ~~amount of an asset may not be recoverable. The~~its ~~Company~~experience, ~~evaluates~~ its ~~long-lived~~customers ~~assets~~will ~~for~~earn ~~impairment~~these ~~annually~~discounts ~~or more often if events~~ and ~~circumstances warrant. Events relating to recoverability may include significant unfavorable changes in business conditions~~fees, ~~recurring~~and ~~losses,~~deducts ~~or a forecasted inability to achieve break-even operating results over an extended period. The Company evaluates~~ the ~~recoverability of long-lived assets based upon~~ ~~forecasted~~full ~~undiscounted~~amount ~~cash flows. Should impairment in value be indicated, the carrying value~~ of ~~intangible~~these ~~assets~~discounts ~~will~~and befees ~~adjusted, based on estimates of future discounted cash flows resulting~~ from ~~the~~its ~~use~~gross ~~and~~product ~~ultimate~~revenues ~~disposition of~~and ~~the~~accounts ~~asset.~~receivable ~~ASC 360-10 also requires assets to be disposed of be reported~~ at the ~~lower~~ oftime ~~the~~such ~~carrying~~revenues ~~amount~~are ~~or the fair value less costs to sell~~recognized. ~~Management has determined that no impairments of long-lived assets currently exist.~~

~~Foreign-currency~~Product ~~Transactions —~~returns: ~~Foreign-currency~~The ~~transactions are recorded in New Taiwan dollar~~Company ~~(“NTD”)~~estimates at the ~~rates~~amount of ~~exchange~~each inproduct ~~effect~~that ~~when~~will ~~the~~be ~~transactions~~returned ~~occur.~~and ~~Gains~~deducts orthese ~~losses~~estimated ~~resulting~~amounts from ~~the~~its ~~application~~gross ofrevenues different foreign exchange rates when cash in foreign currency is converted into New Taiwan dollar, or when foreign-currency receivables or payables are settled, are credited or charged to income in the year of conversion or settlement. On the balance sheet dates, the balances of foreign-currency assets and liabilities are restated at the ~~prevailing~~ ~~exchange~~time ~~rates and~~ the ~~resulting~~revenues ~~differences~~ are ~~charged to current~~ ~~income~~recognized. ~~except~~For ~~for~~special ~~those~~ordered ~~foreign~~and ~~currencies~~customized ~~denominated~~machinery, ~~investments~~no insales ~~shares~~returns ofwere ~~stock where such differences are accounted for as translation adjustments under stockholders’ equity (deficit)~~allowed.

~~Translation~~To ~~Adjustment — The Company financial statements are presented in the U.S. dollar ($)~~date, ~~which~~product ~~is the~~allowance ~~Company’s~~and ~~reporting currency, while its functional currency is New Taiwan~~returns ~~dollar~~have ~~(“NTD”).~~been ~~Transactions~~minimal ~~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~~based ~~settlement amount are recorded as a gain or loss~~ on ~~foreign~~its ~~currency~~experience, ~~transaction in~~ the ~~consolidated~~Company ~~statements~~believes ofthat ~~income.~~returns ~~Monetary assets and liabilities denominated in foreign currency are translated at the functional currency rate~~ of ~~exchange~~its ~~ruling~~products atwill ~~the~~continue ~~balance sheet date. Any differences are taken~~ to ~~profit~~be ~~or loss as a gain or loss on foreign currency translation in the statements of income~~minimal.

InThe ~~accordance~~following ~~with~~tables ~~ASC~~provide ~~830,~~details ~~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~~revenue ~~statements~~by ofmajor ~~operations~~products and ~~cash~~by ~~flows are translated at an average rate during the reporting period~~geography. ~~Adjustments resulting from the translation from NTD into U.S. dollar are recorded in stockholders’ equity as part of accumulated other comprehensive income.~~

~~Reclassifications —~~Revenue ~~Certain~~by ~~classifications~~Major ~~have been made to the prior year financial statements to conform to the current year presentation. The reclassification had no impact on previously reported net loss or accumulated deficit.~~ Products

Recently Issued Accounting Pronouncements — In February 2016, the FASB issued ASU No. 2016-02, “Leases.” The core principle of the ASU is that a lessee should recognize the assets and liabilities that arise from its leases other than those that meet the definition of a short-term lease. The ASU requires extensive qualitative and quantitative disclosures, including with respect to significant judgments made by management. Subsequently, the FASB issued ASU No. 2017-13, in September 2017 and ASU No. 2018-01, in January 2018, which amends and clarifies ASU 2016-02. The ASU will be effective for the Company beginning January 1, 2019, including interim periods in the fiscal year 2019. Early adoption is permitted. The Company is in the process of determining the method of adoption and assessing the impact of this ASU on its consolidated results of operations, cash flows, financial position and disclosures.

		For the three months ended
		March 31,
		2019	2018
Laser Machines	$	-	136,706
Machine Parts		1,020	17,835
Total	$	1,020	154,541

~~In March 2016, the FASB issued ASU 2016-08,~~ Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net). In April 2016, the FASB issued ASU 2016-10, Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing. In May 2016, the FASB issued ASU 2016-12, Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients and ASU 2016-11, Revenue Recognition (Topic 605) and Derivatives and Hedging (Topic 815): Rescission of SEC Guidance Because of Accounting Standards Updates 2014-09 and 2014-16 Pursuant to Staff Announcements at the March 3, 2016 EITF Meeting. In December 2016, the FASB issued ASU 2016-20, Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers. In September 2017, the FASB issued ASU 2017-13, Revenue Recognition (Topic 605), Revenue from Contracts with Customers (Topic 606), Leases (Topic 840), and Leases (Topic 842). These amendments provide additional clarification and implementation guidance on the previously issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606). The amendments in ASU 2016-08 clarify how an entity should identify the specified good or service for the principal versus agent evaluation and how it should apply the control principle to certain types of arrangements. ASU 2016-10 clarifies the following two aspects of ASU 2014-09: identifying performance obligations and licensing implementation guidance. ASU 2016-11 rescinds several SEC Staff Announcements that are codified in Topic 605, including, among other items, guidance relating to accounting for consideration given by a vendor to a customer, as well as accounting for shipping and handling fees and freight services. ASU 2016-12 provides clarification to Topic 606 on how to assess collectability, present sales tax, treat noncash consideration, and account for completed and modified contracts at the time of transition. ASU 2016-12 clarifies that an entity retrospectively applying the guidance in Topic 606 is not required to disclose the effect of the accounting change in the period of adoption. Additionally, ASU 2016-20 clarifies certain narrow aspects within Topic 606 including its scope, contract cost accounting, and disclosures. The new guidance requires enhanced disclosures, including revenue recognition policies to identify performance obligations to customers and significant judgments in measurement and recognition. The effective date and transition requirements for these amendments are the same as the effective date and transition requirements of ASU 2014-09, which is effective for fiscal years, and for interim periods within those years, beginning after December 15, 2017. The Company is currently evaluating the overall impact that ASU 2014-09 and its related amendments will have on the Company’s financial statements. Geography

In December 2017, the Securities and Exchange Commission issued Staff Accounting Bulletin ("SAB") No. 118 (as further clarified by FASB ASU 2018-05, Income Taxes (Topic 740): "Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 118") to provide guidance for companies that may not have completed their accounting for the income tax effects of the Tax Cut and Jobs Act ("Tax Act") in the period of enactment, which is the period that includes December 22, 2017. SAB No. 118 provides for a provisional one year measurement period for entities to finalize their accounting for certain income tax effects related to the Tax Act. SAB No. 118 provides guidance where: (i) the accounting for the income tax effect of the Tax Act is complete and reported in the Tax Act's enactment period, (ii) the accounting for the income tax effect of the Tax Act is incomplete and reported as provisional amounts based on reasonable estimates (to the extent determinable) subject to adjustments during a limited measurement period until complete, and (iii) accounting for the income tax effect of the Tax Act is not reasonably estimable (no related provisional amounts are reported in the enactment period) and entities would continue to apply accounting based on tax law provisions in effect prior to the Tax Act enactment until provisional amounts are reasonably estimable. SAB No. 118 requires disclosure of the reasons for incomplete accounting additional information or analysis needed, among other relevant information. The Company is continuing to gather additional information to determine the final impact.

		For the three months ended
		March 31,
		2019	2018
Asia Pacific	$	1,020	154,541
Total	$	1,020	154,541

~~F-7~~Leases — The Company adopted FASB Accounting Standards Codification, Topic 842, Leases ("ASC 842") using the modified retrospective approach, electing the practical expedient that allows the Company not to restate its comparative periods prior to the adoption of the standard on January 1, 2019. As such, the disclosures required under ASC 842 are not presented for periods before the date of adoption. For the comparative periods prior to adoption, the Company presented the disclosures which were required under ASC 840.

~~In February 2018, the FASB issued ASU No, 2018~~F-02, "Income Statement - Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income". The amendments in this Update allow a reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the Tax Cuts and Jobs Act. Consequently, the amendments eliminate the stranded tax effects resulting from the Tax Cuts and Jobs Act and will improve the usefulness of information reported to financial statement users. However, because the amendments only relate to the reclassification of the income tax effects of the Tax Cuts and Jobs Act, the underlying guidance that requires that the effect of a change in tax laws or rates be included in income from continuing operations is not affected. The amendments in this Update also require certain disclosures about stranded tax effects. The amendments in this Update are effective for all entities for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Early adoption of the amendments in this Update is permitted, including adoption in any interim period, (1) for public business entities for reporting periods for which financial statements have not yet been issued and (2) for all other entities for reporting periods for which financial statements have not yet been made available for issuance. The amendments in this Update should be applied 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. The Company is currently evaluating the impact of adopting this new guidance on its financial position, results of operations, statement of comprehensive income, and cash flows. 8

InThe ~~August~~Company ~~2018,~~applied the ~~FASB issued ASU~~following ~~2018-13,~~practical ~~Fair~~expedients ~~Value~~in ~~Measurement (Topic 820): Disclosure Framework - Changes to~~ the ~~Disclosure~~transition ~~Requirements for Fair Value Measurement. The ASU modifies the disclosure requirements in Topic 820, Fair Value Measurement, by removing certain disclosure requirements related~~ to the ~~fair value hierarchy, modifying existing disclosure requirements related to measurement uncertainty and adding~~ new ~~disclosure~~standard ~~requirements, such as disclosing the changes in unrealized gains~~ and ~~losses~~allowed ~~for~~under ~~the period included in other comprehensive income for recurring~~ASC Level 3 fair value measurements held at the end of the reporting period and disclosing the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements. This ASU is effective for public companies for annual reporting periods and interim periods within those annual periods beginning after December 15, 2019. The Company is currently evaluating the effect, if any, that the ASU will have on its consolidated financial statements. 842:

2. RELATED-PARTY TRANSACTIONS

Practical Expedient	Description
Reassessment of expired or existing contracts	The Company elected not to reassess, at the application date, whether any expired or existing contracts contained leases, the lease classification for any expired or existing leases, and the accounting for initial direct costs for any existing leases.
Use of hindsight	The Company elected to use hindsight in determining the lease term (that is, when considering options to extend or terminate the lease and to purchase the underlying asset) and in assessing impairment of right-to-use assets.
Reassessment of existing or expired land easements	The Company elected not to evaluate existing or expired land easements that were not previously accounted for as leases under ASC 840, as allowed under the transition practical expedient. Going forward, new or modified land easements will be evaluated under ASU No. 2016-02.
Separation of lease and non- lease components	Lease agreements that contain both lease and non-lease components are generally accounted for separately.
Short-term lease recognition exemption	The Company also elected the short-term lease recognition exemption and will not recognize ROU assets or lease liabilities for leases with a term less than 12 months.

The new leasing standard requires recognition of leases on the consolidated balance sheets as right-of-use ("ROU") assets and lease liabilities. ROU assets represent the Company’s right to use underlying assets for the lease terms and lease liabilities represent the Company’s obligation to make lease payments arising from the leases. Operating lease ~~Leases~~ROU assets and operating lease liabilities are recognized based on the present value and future minimum lease payments over the lease term at commencement date. The Company’s future minimum based payments used to determine the Company’s lease liabilities mainly include minimum based rent payments. As most of Company’s leases do not provide an implicit rate, the Company uses its estimated incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments.

The Company ~~leases~~recognized ~~its facility from a~~lease ~~shareholder~~liabilities, ~~under~~with ancorresponding ~~operating~~ROU ~~lease~~assets, ~~agreement~~based ~~which~~on ~~expires~~the onpresent ~~January~~value ~~31,~~of unpaid ~~2019.~~lease ~~The~~payments ~~monthly~~for ~~base~~existing ~~rent~~operating isleases ~~approximately~~longer ~~$1,900.~~than ~~Rent~~twelve ~~expense~~months ~~under~~as ~~this~~of ~~lease~~January ~~agreement~~1, ~~amounted~~2019. toThe ~~approximately~~ROU ~~$16,851~~assets ~~and~~were ~~$16,525~~adjusted ~~for~~per ~~the~~ASC ~~nine months~~842 ~~ended~~transition ~~September~~guidance for ~~30,~~existing ~~2018~~lease-related ~~and~~balances ~~2017,~~of ~~respectively,~~accrued and ~~approximately~~prepaid $5rent,~~471~~ unamortized ~~and~~lease ~~$5,555~~incentives ~~for~~provided ~~the~~by ~~three months ended September 30~~lessors, ~~2018~~ and ~~2017,~~restructuring ~~respectively~~liabilities.

~~Loan~~The ~~from~~adoption ~~related~~of ~~party~~ASC 842 had a substantial impact on the Company’s consolidated balance sheets. The most significant impact was the recognition of the operating lease right-of-use assets and the liability for operating leases. Accordingly, adoption of this standard resulted in the recognition of operating lease right-of-use assets of $85,704 and operating lease liabilities of $85,704 comprised of $33,019 of current operating lease liabilities and $52,685 of non-current operating lease liabilities on the condensed consolidated balance sheet as of January 1, 2019. The adoption of ASC 842 did not result in a cumulative-effect adjustment to the opening balance of accumulated deficit.

OnIn ~~July 26~~addition, ~~2013,~~ the ~~Company~~adoption ~~entered~~of athe ~~loan~~standard ~~agreement~~did ~~bearing~~not ~~interest~~have at a ~~fixed~~material ~~rate~~impact aton 3%the ~~per~~Company's ~~annum~~results ~~with~~of ~~its~~operations ~~shareholder~~or tocash ~~advance NT$5,000,000, equivalent $164,150 for working capital purpose~~flows. ~~The~~Operating ~~term~~lease ofcost ~~the~~is ~~loan~~recognized ~~started~~as ~~from~~a ~~July~~single ~~30,~~lease ~~2013~~cost ~~with maturity date~~ on a ~~July~~straight-line ~~29,~~basis ~~2015.~~over ~~On July 31, 2015,~~ the ~~loan~~lease ~~with~~term ~~the~~and ~~same~~is ~~amount~~recorded ofin ~~NT$5~~Selling,~~000,000, equivalent~~ ~~$164,150,~~general and administrative ~~the~~expenses. ~~same~~Variable ~~fixed~~lease ~~interest~~payments ~~rate of 3% per annum was extended~~ for ~~another~~common ~~two~~area ~~years starting from August 1~~maintenance, ~~2015 with maturity date~~ onproperty ~~July~~taxes ~~31,~~and ~~2017.~~other Onoperating ~~August~~expenses 1,are ~~2017,~~recognized ~~the~~as ~~loan~~expense ~~with~~in the ~~same amount of~~ ~~NT$5,000,000,~~period ~~equivalent~~when ~~$164,150, and~~ the ~~same~~changes ~~fixed~~in ~~interest~~facts ~~rate~~and ofcircumstances 3%on ~~per annum~~which ~~was~~the ~~extended~~variable ~~for another three years starting from August 1, 2017 with~~lease ~~maturity~~payments ~~date~~are onbased ~~July 31, 2020~~occur.

On December 31, 2013, the Company entered another loan agreement bearing interest at a fixed rate at 3% per annum with its officer and shareholder to advance NT$5,000,000, equivalent $164,150 for working capital purpose. The term of the loan started from January 1, 2014 with maturity date on December 31, 2015. On December 31, 2015, the loan with the same amount of NT$5,000,000, equivalent $164,150, and the same fixed interest rate of 3% per annum was extended for another two years starting from January 1, 2016 with maturity date on December 31, 2018. F-9

OnResearch ~~July~~and 5,Development ~~2015, the Company entered~~Expenses ~~another~~— ~~loan~~Research ~~agreement~~and ~~bearing~~development ~~interest~~costs atare agenerally ~~fixed~~expensed ~~rate~~as ~~at 3% per annum with its shareholder to advance NT$10,000,000, equivalent $328,300, for working capital purpose~~incurred. The ~~term of the loan started from July 1, 2015 with maturity date on~~ ~~June~~Company ~~30,~~did ~~2018.~~not Onincur ~~July~~any 1,significant ~~2018,~~research ~~the~~and ~~loan~~development ~~with~~expenses ~~the same amount of NT$10,000,000,~~during ~~equivalent $328,300, and~~ the ~~same fixed interest rate of 3% per annum was extended for another~~ three ~~years~~months ~~starting~~ended ~~from~~March ~~July 1~~31, ~~2018~~2019 ~~with~~and ~~maturity date on June 30, 2021~~2018.

OnFair ~~July~~Value 1,Measurements ~~2016~~— FASB ASC 820, ~~the~~"Fair ~~Company~~Value ~~entered~~Measurements" defines fair value for certain financial ~~another~~and ~~loan~~nonfinancial ~~agreement~~assets ~~bearing~~and ~~interest~~liabilities that are recorded at fair value, establishes a ~~fixed~~framework ~~rate~~for atmeasuring 3%fair ~~per~~value ~~annum~~and ~~with~~expands disclosures about fair value measurements. It requires that an entity measure its financial ~~shareholder~~instruments to ~~advance~~base ~~NT$10,000,000,~~fair ~~equivalent~~value ~~$328~~on exit price,~~300,~~ ~~for~~maximize ~~working~~the ~~capital~~use of observable ~~purpose~~units and minimize the use of unobservable inputs to determine the exit price. It ~~The~~establishes ~~term~~a hierarchy which prioritizes the inputs to valuation techniques used to measure fair value. This hierarchy increases the consistency and comparability of fair value measurements and related disclosures by maximizing the ~~loan~~use ~~started~~of ~~from~~observable ~~July~~inputs 1,and ~~2016~~minimizing ~~with~~the ~~maturity~~use ~~date~~of unobservable inputs by requiring that observable inputs be used when available. Observable inputs are inputs that reflect the assumptions market participants would use in pricing the assets or liabilities based on market data obtained from sources independent of ~~June~~the ~~30,~~Company. ~~2019~~Unobservable inputs are inputs that reflect the Company’s own assumptions about the assumptions market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. The hierarchy prioritizes the inputs into three broad levels based on the reliability of the inputs as follows:

~~F-8~~ºLevel 1 – Inputs are quoted prices in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date. Valuation of these instruments does not require a high degree of judgment as the valuations are based on quoted prices in active markets that are readily and regularly available.

AsºLevel of2 ~~September~~– ~~30,~~Inputs ~~2018~~other ~~and~~than ~~December~~quoted ~~31,~~prices ~~2017,~~in ~~there~~active ~~were~~markets ~~$984,900~~that ~~and~~are ~~$1,012,146~~either ~~advances~~directly ~~outstanding,~~or ofindirectly ~~which~~observable as of ~~$492,450~~the ~~and~~measurement ~~$506~~date,~~073~~ ~~were~~such ~~presented~~as ~~under~~quoted ~~current~~prices ~~liabilities,~~for ~~respectively.~~similar assets or liabilities; ~~Interest~~quoted ~~expense~~prices ~~was~~in ~~$22,568~~markets ~~and~~that ~~$22,131~~are ~~for~~not ~~the~~active; ~~nine~~or ~~months~~other ~~ended~~inputs ~~September~~that ~~30,~~are ~~2018~~observable ~~and~~or ~~2017,~~can ~~respectively.~~be ~~Interest~~corroborated ~~expense~~by ~~was~~observable ~~$7,331~~market ~~and~~data ~~$7,437~~ for ~~the~~substantially ~~three~~the ~~months~~full ~~ended~~term ~~September~~of ~~30,~~the ~~2018~~assets ~~and~~or ~~2017, respectively~~liabilities.

~~Advances~~ºLevel ~~from~~3 ~~related~~– ~~party -~~Valuations ~~The~~based ~~Company~~on ~~also~~inputs that ~~has~~are ~~advanced~~unobservable ~~funds from its officer~~ and ~~shareholder~~ ~~for~~not ~~working~~corroborated ~~capital~~by ~~purposes~~market data. The ~~Company~~fair ~~has~~value ~~not entered into any~~for ~~agreement~~such onassets ~~the~~and ~~repayment~~liabilities ~~terms~~is ~~for~~generally ~~these~~determined ~~advances.~~using ~~The~~pricing ~~advances bear no~~models, ~~interest~~discounted ~~rate~~cash ~~and~~flow ~~are~~methodologies, ~~due~~or ~~upon~~similar ~~demand~~techniques bythat ~~shareholders.~~incorporate ~~As of September 30, 2018~~the ~~and~~assumptions ~~December~~a ~~31,~~market ~~2017,~~participant ~~there~~would ~~were~~use ~~$764,982~~in ~~and~~pricing ~~$654,910~~the ~~advances~~asset ~~outstanding, respectively.~~or liability.

~~3. INCOME TAXES~~F-10

The ~~Company~~carrying isvalues ~~incorporated in the State~~ of ~~Nevada~~certain ~~in the United States of America and is subject to the U.S.~~assets ~~federal~~ and ~~state~~liabilities ~~taxation.~~of ~~Income before income taxes for~~ the ~~nine~~Company, ~~months~~such ~~ended September~~as ~~30,~~cash ~~2018~~ and ~~2017~~cash ~~includes~~equivalents, ~~the results of operations of Taiwan and~~accounts ~~British~~receivable, ~~Virgin~~inventory, ~~Islands.~~prepaid ~~Omphalos~~expenses, ~~Corp.~~accounts ~~(B.V.I.)~~payable, ~~and~~accrued ~~All Fine Technology Co.~~liabilities, ~~Ltd. (B.V.I.) are incorporated in British Virgin Islands~~ and ~~are~~due ~~not required~~ to ~~pay~~ ~~income~~related ~~tax. Omphalos Corp. and All Fine Technology Co.~~parties, ~~Ltd.~~approximate ~~are incorporated in Taiwan and are subject~~ to ~~Taiwan~~fair ~~tax~~value ~~law.~~due ~~According~~ to ~~the amendments~~their ~~to the “Income Tax Act” enacted by the office of the President of~~relatively ~~Taiwan,~~short Rmaturities.~~O.C.~~ onThe ~~February~~carrying 7,amounts ~~2018,~~of ~~an increase in~~ the ~~statutory~~Company's ~~income~~long-term ~~tax rate~~debt ~~from~~approximate ~~17%~~ to ~~20%~~their ~~and~~fair ~~decrease~~value inbecause ~~the undistributed earning tax from 10% to 5% are effective from January 1, 2018. This increase in the statutory income tax rate does not affect the amounts~~ of the ~~current~~short ormaturity ~~deferred taxes recognized as of September 30, 2018~~ and/or ~~for the nine months then ended. No income tax liabilities~~interest ~~existed~~rates aswhich ofare ~~September~~comparable ~~30,~~to ~~2018~~those ~~and~~currently ~~December~~available ~~31, 2017 due~~ to the Company's on ~~continuing~~obligations ~~operating~~with ~~losses~~similar terms.

OnStatement ~~December~~of ~~22, 2017 H.R. 1, originally~~cash ~~known~~flows as— ~~the~~Cash ~~Tax~~flows ~~Cuts~~from ~~and Jobs Act, (~~the ~~“Tax~~Company's ~~Act”)~~operations ~~was~~are ~~enacted.~~based ~~Among the~~upon ~~significant changes to~~ the ~~U.S.~~local ~~Internal Revenue Code, the Tax Act lowers the U~~currencies.S. ~~federal~~As ~~corporate~~a ~~income tax rate (“Federal Tax Rate”) from 35% to 21% effective January 1~~result, ~~2018.~~amounts ~~The~~related ~~21% Federal Tax Rate will apply~~ to ~~earnings reported for the full 2018 fiscal year. In addition, the Company must re-measure its net deferred tax~~ assets and liabilities ~~using the Federal Tax Rate that will~~ ~~apply~~reported ~~when~~on ~~these amounts are expected to reverse. As of September 30, 2018,~~ the ~~Company~~ ~~can~~statement ~~determine a reasonable estimate for certain effects~~ of ~~tax~~cash ~~reform and~~flows iswill ~~recording~~not ~~that~~necessarily ~~estimate~~agree aswith ~~a provisional amount. The provisional~~changes ~~remeasurement of the deferred tax assets and allowance valuation of deferred tax assets at September 30, 2018 resulted~~ in ~~a net effect of $0 discrete tax expenses (benefit) which lowered~~ the ~~effective~~corresponding ~~tax~~balances ~~rate~~on ~~by 14% for~~ the ~~nine months~~balance ~~ended September 30, 2018~~sheet. The provisional remeasurement amount is anticipated to change as data becomes available allowing more accurate scheduling of the deferred tax assets and liabilities primarily related to net operating loss carryover.

Income Taxes — The Company ~~provision~~accounts for income taxes in accordance with ASC 740, Income Taxes, ~~calculated~~which atrequires that the ~~statutory~~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 ~~combined~~years ~~statements~~the ofdifferences 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 asrecorded when, in the opinion of ~~follows:~~management, it is more likely than not that some or all of any deferred tax assets will not be realized.

		Nine months Ended		Nine Months Ended
		September 30, 2018		September 30, 2017
Current provision:
Computed (provision for) income taxes at statutory rates in U.S.	$	-	$	-
Computed (provision for) income taxes at statutory rates in BVI		-		-
Computed (provision for) income taxes at statutory rates in Taiwan		-		-
Total current provision		-		-
Deferred provision:
U.S		-		-
BVI		-		-
Taiwan- Net operating loss carryforward		-		-
Valuation allowance		-		-
Total deferred provision		-		-
Provision for income taxes	$	-	$	-

Loss Per Share — The Company has adopted FASB 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. For the three months ended March 31, 2019 and 2018, the Company did not have any common equivalent shares.

~~The~~Comprehensive ~~following~~Income is(Loss) — aComprehensive ~~reconciliation~~income of(loss) includes accumulated foreign currency ~~the~~translation ~~statutory~~gains ~~tax~~and ~~rate~~losses. toThe Company has reported the ~~effective~~components ~~tax~~of comprehensive ~~rate~~income ~~for~~on ~~the~~its ~~nine~~statements ~~months~~of ~~ended September~~stockholders’ ~~30,~~equity ~~2018~~and statements of operations and ~~2017:~~comprehensive income (loss).

	Nine Months ended		Nine Months ended
	September 30, 2018		September 30, 2017
U.S. Federal tax at statutory rate	21%		34%
Valuation allowance	(21%	)	(34%	)
Foreign income tax- Taiwan	20%		17%
Other (a)	(20%	)	(17%	)
Effective tax rate	-%		-%

Foreign-currency Transactions — Foreign-currency transactions are recorded in New Taiwan dollar ("NTD") at the rates of exchange in effect when the transactions occur. Gains or losses resulting from the application of different foreign exchange rates when cash in foreign currency is converted into New Taiwan dollar, or when foreign-currency receivables or payables are settled, are credited or charged to income in the year of conversion or settlement. On the balance sheet dates, the balances of foreign-currency assets and liabilities are restated at the prevailing exchange rates and the resulting differences are charged to current income except for those foreign currencies denominated investments in shares of stock where such differences are accounted for as translation adjustments under stockholders’ equity.

(a) Other represents expenses incurred by the Company that are not deductible for Taiwan income taxes and changes in valuation allowance for Taiwanese entities for the nine months ended September 30, 2018 and 2017, respectively. F-11

4Translation Adjustment — The accounts of the Company were maintained, and its financial statements were expressed, in New Taiwan Dollar ("NTD"). ~~SUBSEQUENT~~Such ~~EVENTS~~financial statements were translated into U.S. Dollars ("$" or "USD") in accordance ASC 830, "Foreign Currency Matters", with the NTD as the functional currency. According to the Statement, all assets and liabilities are translated at the current exchange rate, stockholder's equity are translated at the historical rates and income statement items are translated at an average exchange rate for the period.

~~The~~Reclassifications — ~~Company~~Certain ~~has~~classifications ~~evaluated~~have ~~subsequent events~~been ~~through~~made to the ~~date~~prior ~~which~~year ~~the~~ financial statements ~~were~~to ~~available~~conform to ~~be issued.~~the ~~All~~current ~~subsequent~~year ~~events~~presentation. ~~requiring~~The ~~recognition~~reclassification ~~as of September 30, 2018~~had ~~have been incorporated into these consolidated financial statements and there are~~ no ~~subsequent~~impact ~~events~~on ~~that~~previously ~~require~~reported ~~disclosure~~net inloss ~~accordance~~or ~~with~~accumulated ~~FASB ASC Topic 855, “Subsequent Events~~deficit.”

~~******~~Recently Issued Accounting Pronouncements — The Company has implemented all new pronouncements that are in effect and that may impact its consolidated financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its consolidated financial statements or results of operations.

F-9 12

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operation.

2.	LEASE

	The Company has no finance leases. The Company’s leases primarily include office and warehouse facility spaces and copy machine under various operating lease arrangements. The Company’s operating leases have remaining lease terms of up to three years.

	Balance sheet information related to the Company’s leases is presented below:

Cautionary Note Regarding Forward-Looking Statements

		March 31, 2019
Operating Leases
Operating lease ROU assets	$	79,240

Operating lease liability, current portion		33,102
Operating lease liability, less current portion		46,138
Total operating lease liabilities	$	79,240

~~This~~The ~~Quarterly~~following ~~Report~~provides ondetails ~~Form 10-Q, including this discussion and analysis by management, contains or incorporates forward-looking statements. All statements other than statements~~ of ~~historical fact made in report are forward looking. In particular,~~ the ~~statements herein regarding~~ industry prospects and future results of operations or financial position are forward-looking statements. These forward-looking statements can be identified by the use of words such as “believes,” “estimates,” “could,” “possibly,” “probably,” anticipates,” “projects,” “expects,” “may,” “will,” or “should” or other variations or similar words. No assurances can be given that the future results anticipated by the forward-looking statements will be achieved. Forward-looking statements reflect management’Company's ~~current~~lease expectations and are inherently uncertain. Our actual results may differ significantly from management’s expectations. The potential risks and uncertainties that could cause our actual results to differ materially from those expressed or implied herein are set forth in our Annual Report on Form 10-K for the year ended December 31, 2017. expenses:

The following discussion and analysis should be read in conjunction with our financial statements, included herewith. This discussion should not be construed to imply that the results discussed herein will necessarily continue into the future, or that any conclusion reached herein will necessarily be indicative of actual operating results in the future. Such discussion represents only the best present assessment of our management.

		Three Months Ended
		March 31, 2019
Operating lease expenses, net	$	6,665
	$	6,665

~~Results~~Other ofinformation ~~operations~~related ~~for~~to ~~the~~leases ~~three months ended~~is ~~September~~presented ~~30, 2018 and 2017~~ below:

Net sales were $18,255 for the three months ended September 30, 2018 as compared to $66,867 for the three months ended September 30, 2017. This represented a decrease of $48,612 or approximately 72.7% compared to the prior year period. The decrease in net sales was primarily the result of a decrease in demand for the new model of laser marking machine.

			Three Months Ended
			March 31, 2019
	Cash Paid For Amounts Included In Measurement of Liabilities:
	Operating cash flows from operating leases		6,665

	Weighted Average Remaining Lease Term:
	Operating leases		2.88 years

	Weighted Average Discount Rate:
	Operating leases		1.28%

~~Cost~~The ofminimum ~~sales~~future ~~decreased~~annual ~~by $39,536 or 93.9% to $2,583 for the~~payments ~~three~~under ~~months~~non-cancellable ~~ended~~leases ~~September~~during ~~30, 2018, as compared to $42,119 for~~ the ~~three months~~next ~~ended~~five ~~September~~years ~~30,~~and ~~2017. Gross profit for the three months ended September 30~~thereafter, ~~2018~~at ~~was $15,672, compared to $24,748 for the same period in 2017.~~rates ~~Gross~~now ~~profit as a percentage of net sales was approximately 86%~~ in ~~the third quarter of 2018~~force, ~~compared~~are toas ~~approximately 37% in the same period in 2017. The change in gross profit margin was primarily due to the higher margin on the products sold in the three months ended September 30, 2018.~~follows:

For the three months ended September 30, 2018, selling, general and administrative expenses totaled $87,743. This was a decrease of $27,873 or approximately 24% as compared to $115,616 for the same period in 2017. The decrease in selling, general and administrative expenses was primarily due to the decrease in salary expenses and commissions, which was partially offset by the increase in professional service fees.

		Operating leases
2019 (excluding the three months ended March 31, 2019)	$	25,442
2020		31,003
2021		22,245
2022		1,891
2023		-
Total future minimum lease payments, undiscounted		80,581
Less: Imputed interest		(1,341	)
Present value of future minimum lease payments	$	79,240

5 F-13

~~For the three months ended September 30, 2018, loss from operations decreased to $72,071 as compared to $90,868 for the three months ended September 30, 2017~~3. ~~This~~RELATED-PARTY represented a decreased loss of $18,797 or approximately 20.7% comparing the two periods. The decrease in loss from operations for the three months ended September 30, 2018 was primarily the result of the decrease in selling, general and administrative expenses. TRANSACTIONS

~~Other~~Operating ~~expenses~~Leases were $6,844 and $4,543 for the three months ended September 30, 2018 and 2017. This represented increased expense of $2,301 or approximately 50.6% . The main reason for this increased other expense was due to a decrease in gain on foreign currency exchange, as compared to the quarter ended September 30, 2017.

~~Our~~The ~~net~~Company ~~loss~~leases ~~was~~its ~~$78,915~~facility ~~for~~from ~~the~~a shareholder ~~three~~under ~~months~~an ~~ended~~operating ~~September 30,~~lease ~~2018~~agreement ~~compared~~which toexpires aon ~~net~~January ~~loss~~31, 2019. ofOn ~~$95~~January 31,~~411~~ ~~for~~2019, the ~~three~~lease ~~months~~term ~~ended~~was ~~September~~extended for another three years, 30which expires on January 31, ~~2017~~2022. The ~~decreased~~monthly ~~net~~base ~~loss~~rent is approximately $1,817. Rent expense under this lease agreement amounted to approximately $5,451 and $5,740 for the three months ended ~~September~~March 3031, ~~2018 was~~2019 ~~due~~and to2018, ~~the reasons described above~~respectively.

~~Results~~Loan offrom ~~operations~~related ~~for the nine months ended September~~party ~~30, 2018 and 2017~~

~~Net~~On ~~sales~~July ~~for~~26, 2013, the ~~nine~~Company ~~months~~entered into ~~ended~~a ~~September~~loan ~~30,~~agreement ~~2018~~bearing ~~were~~interest at a fixed rate at 3% per annum with its shareholder to advance NT$~~504~~5,~~319~~000,000, asequivalent ~~compared to~~ $~~550~~162,~~886~~022 for working capital purpose. The term of the ~~nine~~loan ~~months~~started ~~ended~~from ~~September~~July 30, ~~2017.~~2013 with maturity date on ~~This~~July ~~represented~~29, a2015. ~~decrease~~On July 31, 2015, the loan with the same amount of NT$465,~~567~~000,000, equivalent or$162,022, ~~approximately~~and ~~8.5~~the same fixed interest rate of 3% ~~compared~~per toannum ~~the~~was ~~prior~~extended ~~year~~for ~~period~~another two years starting from August 1, 2015 with maturity date on July 31, 2017. ~~The~~On ~~decrease~~August in1, ~~net~~2017, ~~sales~~the ~~was~~loan ~~primarily~~with the ~~result~~same ofamount aof ~~decrease~~NT$5,000,000, inequivalent ~~demand~~$162,022, ~~for~~and the ~~new~~same ~~model~~fixed interest rate of ~~laser~~3% ~~marking~~per annum ~~machine~~was extended for another three years starting from August 1, 2017 with maturity date on July 31, 2020.

~~Cost~~On ofDecember ~~sales~~31, ~~decreased~~2013, bythe ~~$13,831~~Company entered orinto ~~approximately~~another ~~4.5~~loan agreement bearing interest at a fixed rate at 3% per annum with its officer and shareholder to advance NT$5,000,000, equivalent $~~295~~162,~~988~~022 for ~~the~~working ~~nine~~capital ~~months~~purpose. ~~ended~~The ~~September~~term ~~30,~~of ~~2018,~~the asloan ~~compared~~started tofrom ~~$309,819~~January ~~for~~1, ~~the~~2014 ~~nine~~with ~~months~~maturity ~~ended~~date ~~September~~on 30December 31, ~~2017~~2015. ~~Gross~~On ~~profit~~December ~~for~~31, 2015, the ~~nine months~~loan ~~ended~~with ~~September~~the ~~30,~~same ~~2018~~amount ~~was~~of NT$~~208~~5,~~331~~000,000, ~~compared~~equivalent to $~~241~~162,~~067~~022, ~~for~~and the same ~~period~~fixed ininterest ~~2017.~~rate ~~Gross~~of ~~profit~~3% asper aannum ~~percentage~~was ofextended ~~net~~for ~~sales~~another ~~was~~two ~~approximately~~years ~~41%~~starting ~~in the~~from ~~nine~~January ~~months~~1, ~~ended~~2016 ~~September~~with 30maturity date on December 31, 2018,. ~~compared~~On toJanuary ~~approximately~~1, ~~44%~~2019, inthe loan with the same amount of NT$5,000,000, equivalent approximately $162,022, ~~period~~and inthe ~~2017.~~same ~~The~~fixed ~~change~~interest inrate ~~gross~~of ~~profit~~3% ~~margin~~per annum was ~~not~~extended ~~substantial~~for ~~comparing~~another three ~~two~~years ~~periods.~~starting from January 1, 2019 with maturity date on December 31, 2021.

~~For~~On ~~the~~July ~~nine months ended September 30~~5, ~~2018~~2015, ~~selling,~~the ~~general~~Company entered ~~and~~another ~~administrative~~into ~~expenses~~loan ~~totaled~~agreement ~~$325,783.~~bearing ~~This~~interest ~~was~~at a ~~decrease~~fixed ofrate ~~$81,801~~at ~~or approximately 20.1~~3% asper ~~compared~~annum with its shareholder to advance NT$~~407~~10,~~584~~000,000, equivalent $324,044, for working capital purpose. The term of the ~~same~~loan ~~period~~started infrom ~~2017.~~July ~~The~~1, 2015 with maturity ~~decrease~~date inon ~~selling~~June 30, ~~general~~2018. ~~and~~On ~~administrative~~July ~~expenses~~1, is2018, ~~primarily~~ the ~~result of~~loan with the ~~decrease~~same inamount ~~salary~~of NT$10, ~~entertainment~~000,000, ~~travel~~equivalent $324,044, and ~~repair~~the ~~and~~same ~~maintenance expenses,~~fixed ~~which~~interest rate of 3% per annum was ~~partially~~extended ~~offset~~for byanother ~~the~~three ~~increase~~years instarting ~~sales~~from ~~commissions~~July ~~and~~1, 2018 with ~~professional~~maturity ~~fees~~date on June 30, 2021.

~~For~~On ~~the~~July ~~nine months ended September 30~~1, ~~2018~~2016, ~~loss~~the ~~from~~Company entered ~~operations~~into ~~decreased~~another toloan ~~$117,452~~agreement asbearing ~~compared~~interest toat ~~$166,517~~a ~~for~~fixed ~~the~~rate ~~nine~~at ~~months ended~~3% ~~September~~per ~~30,~~annum with ~~2017.~~its ~~This~~shareholder ~~represented~~to aadvance ~~decreased~~NT$10,000,000, ~~loss~~equivalent of $49324,~~065~~044, orfor working ~~approximately~~capital 29purpose.5% ~~comparing the two periods.~~ The ~~decrease~~term inof ~~loss from operations for~~ the ~~nine~~loan ~~months~~started ~~ended~~from ~~September~~July 301, ~~2018~~2016 ~~was~~with ~~primarily the result~~maturity ofdate aon ~~decrease~~June ~~in selling~~30, ~~general and administrative expenses~~2019.

~~Other~~As ~~expenses~~of ~~were~~March ~~$16~~31,~~849~~ 2019 and ~~$20,599~~December ~~for the nine months~~31, ~~ended September 30~~2018, ~~2018~~there ~~and~~were ~~2017~~$972,132 ~~respectively.~~and ~~This represented decreased expense of~~ $3980,~~750~~074 oradvances ~~approximately~~outstanding, ~~18.2%~~of .which ~~The main reason for the decreased~~$324,044 ~~other expenses was an increase in interest income~~ and ~~gain on foreign currency exchange~~$490,037 aswas ~~compared~~presented tounder ~~the~~current ~~period ended September 30~~liabilities, ~~2017~~respectively.

~~Our~~Interest ~~net~~expense ~~loss~~ was $~~134~~7,~~301~~300 ~~for~~and ~~the nine months ended September 30, 2018 compared to a net loss of~~ $~~187~~7,~~116 for the nine months ended September~~684 ~~30, 2017. The decreased net loss~~ for the ~~nine~~three months ended ~~September~~March 3031, ~~2018 was~~2019 ~~due~~and to2018, ~~the reasons described above~~respectively.

~~Liquidity~~Advances from related party - The Company also has advanced funds from its officer and shareholder ~~Capital~~for ~~Resources~~working capital purposes. The Company has not entered into any agreement on the repayment terms for these advances. The advances bear no interest rate and are due upon demand by shareholders.

Cash and cash equivalents were $18,070 at September 30, 2018 and $23,051 at December 31, 2017. Our total current assets were $190,039 at September 30, 2018, as compared to $206,753 at December 31, 2017. Our total current liabilities were $1,322,378 at September 30, 2018 as compared to $1,240,222 at December 31, 2017. F-14

WeOn ~~had~~November ~~working~~30, ~~capital~~2018, ~~deficit~~the ofCompany ~~$1,132,339~~and Mr. atSheng-Peir ~~September 30~~Yang, ~~2018~~ ~~compared~~the ~~with~~chief ~~working~~executive ~~capital~~officer ~~deficit~~and chairman of ~~$1,033,469~~the atCompany entered ~~December~~into ~~31,~~a ~~2017~~Debt Conversion Agreement (the "Debt Conversion Agreement"). ~~This~~Pursuant ~~increase~~to inthe ~~working~~Debt ~~capital~~Conversion ~~deficit~~Agreement, ~~was~~the ~~primarily~~Company ~~due~~agreed to ~~decreases~~issue inMr. ~~cash,~~Yang ~~accounts receivable~~85,000,000 ~~and~~shares ~~inventory~~of ~~and~~its ~~increases~~$0.0001 inpar ~~accounts~~value ~~payable~~common ~~and~~stock ~~due~~at ~~to related~~a ~~parties,~~conversion ~~partially~~price ~~offset~~of $0.001 byper ~~increases~~share in ~~prepaid~~exchange ~~expenses~~for ~~and~~Mr. ~~other current~~Yang’s ~~assets~~forgiveness of $85,000 ~~and~~that ~~decreases~~Mr. Yang provided in ~~accrued~~the ~~expenses,~~form ~~accrued~~of ~~salaries~~debt ~~and~~to ~~bonus~~fund the business operations of the Company.

6As of March 31, 2019 and December 31, 2018, there were $764,913 and $752,113 advances outstanding, respectively. The outstanding balance bears no interest and is due upon request.

~~Net~~4. ~~cash~~SUBSEQUENT ~~flow~~EVENTS ~~used~~Management inhas ~~operating~~evaluated ~~activities~~subsequent ~~was~~events ~~$4,454~~through ~~during~~ the ~~nine~~date ~~months~~which ~~ended~~the ~~September~~financial ~~30,~~statements ~~2018,~~are aavailable ~~decrease of $67,516, compared~~ to ~~net cash~~be ~~flow~~issued. ~~provided~~All bysubsequent ~~operating~~events ~~activities~~requiring ~~$63,062~~recognition ~~during~~as ~~the~~of ~~nine~~March ~~months ended September 30~~31, ~~2017.~~2019 ~~The~~have ~~decrease~~been inincorporated ~~the~~into ~~cash~~these ~~provided~~financial bystatements ~~operating activities was primarily due to the decreased inventory, prepaid expenses, accrued expenses~~ and ~~due~~there toare ~~related~~no ~~parties,~~additional ~~which~~subsequent ~~was~~events ~~partially~~that ~~offset~~require bydisclosure ~~the~~in ~~decreased~~accordance ~~net~~with ~~loss and~~FASB ~~the~~ASC ~~increased~~Topic ~~accounts receivable~~855, ~~accounts~~"Subsequent ~~payable, and advanced from customers~~Events. "

~~Net change in cash and cash equivalents was a decrease of $4,981 during the nine months ended September 30, 2018, and an increase of $67,447 for the nine months ended September 30, 2017.~~ ******

~~Inflation~~ F-15

~~Our~~Item ~~opinion~~2. isManagement’s ~~that~~Discussion ~~inflation~~and ~~has~~Analysis ~~not~~of ~~had~~Financial aCondition ~~material effect on our operations~~ and isResults ~~not~~of ~~expected to have any material effect on our operations~~Operation.

~~Climate~~Cautionary ~~Change~~Note Regarding Forward-Looking Statements

~~Our~~This ~~opinion~~Quarterly isReport ~~that~~on ~~neither~~Form ~~climate~~10-Q, ~~change~~including this discussion and analysis by management, ~~nor~~contains ~~governmental~~or incorporates forward-looking statements. ~~regulations~~All ~~related~~statements toother ~~climate~~than ~~change~~statements of historical fact made in report are forward looking. In particular, ~~have~~the ~~had~~statements herein regarding industry prospects and future results of operations or financial position are forward-looking statements. These forward-looking statements can be identified by the use of words such as "believes," "estimates," "could," "possibly," "probably," anticipates," "projects," "expects," "may," "will," or "should" or other variations or similar words. No assurances can be given that the future results anticipated by the forward-looking statements will be achieved. Forward-looking statements reflect management’s current expectations and are inherently ~~expected~~uncertain. Our actual results may differ significantly from management’s expectations. The potential risks and uncertainties that could cause our actual results to ~~have,~~differ ~~any~~materially from those expressed or implied ~~material~~herein ~~effect~~are onset forth in our ~~operations~~Annual Report on Form 10-K for the year ended December 31, 2018.

~~Item~~The 3.following ~~Quantitative~~discussion and ~~Qualitative~~analysis ~~Disclosures~~should ~~About~~be ~~Market~~read ~~Risk~~in conjunction with our financial statements, included herewith. This discussion should not be construed to imply that the results discussed herein will necessarily continue into the future, or that any conclusion reached herein will necessarily be indicative of actual operating results in the future. Such discussion represents only the best present assessment of our management.

AsThree aMonths ~~smaller~~Ended ~~reporting~~March ~~company~~31, we2019 ~~are~~Compared ~~not required~~ to ~~provide~~the Three ~~this~~Months ~~information.~~Ended March 31, 2018

~~Item~~Net 4sales were $1,020 for the three months ended March 31, 2019 as compared to $154,541 for the three months ended March 31, 2018. ~~Controls~~This represented ~~and~~a ~~Procedures~~decrease of $153,521 or approximately 99.3% compared to the prior year period. The decrease in net sales was primarily the result of a weaker demand in laser marking machine sales.

AsCost of ~~the~~sales ~~end~~decreased ~~of the period covered~~ by ~~this report~~$79,616 ~~we conducted~~or anapproximately ~~evaluation~~93.8% to $5,282 ~~under~~for the ~~supervision~~three ~~and~~months ~~with~~ended ~~the~~March ~~participation~~31, of2019, ~~our chief~~as ~~executive~~compared ~~officer~~to ~~and~~$84,898 ~~chief~~for ~~financial officer of our disclosure controls~~the ~~and~~three ~~procedures~~months ~~(as~~ended ~~defined~~March in31, ~~Rule~~2018. ~~13a-15(e)~~Gross ~~and~~profit ~~Rule 15d-15~~(eloss) offor the ~~Exchange~~three months ~~Act).~~ended ~~Based~~March ~~upon this evaluation~~31, ~~our~~2019 ~~chief~~was ~~executive~~$(4,262), ~~officer~~compared ~~and~~to ~~chief financial~~$69,643, ~~officer~~for ~~concluded~~the ~~that~~same ~~our~~period ~~disclosure~~in 2018. ~~controls~~Gross ~~and~~profit ~~procedures were effective~~ as ofa ~~end~~percentage of ~~the~~net ~~period~~sales ~~covered~~was byapproximately ~~this~~(417.8%) ~~report to ensure that~~for ~~information required to be disclosed by us in~~ the ~~reports~~three ~~that~~months weended ~~file~~March or31, ~~submit under~~2019, ~~the~~compared ~~Exchange~~to ~~Act~~approximately ~~is (~~45.1)% ~~accumulated~~in ~~and~~the same ~~communicated~~period toin ~~our~~2018. ~~management, including~~The ~~our~~change ~~chief~~in ~~executive~~gross ~~officer~~profit ~~and~~margin ~~chief~~was ~~financial~~primarily ~~officer,~~due ~~as appropriate~~ to ~~allow timely decisions regarding required disclosure; and (2)~~the ~~recorded,~~negative ~~processed,~~margin ~~summarized~~on ~~and reported, within~~ the ~~time~~products ~~periods~~sold ~~specified~~ in the ~~Commission's~~three ~~rules~~months ~~and~~ended ~~forms.~~March 31, 2019.

~~There~~For ~~was~~the nothree ~~change~~months toended ~~our~~March ~~internal~~31, ~~controls~~2019, orselling, ingeneral ~~other~~and ~~factors~~administrative ~~that~~expenses ~~could~~totaled ~~affect~~$63,818. ~~these~~This ~~controls~~was ~~during~~a ~~our~~decrease ~~last~~of ~~fiscal~~$49,891, ~~quarter~~or approximately ~~that~~43.9%, ~~has materially~~as ~~affected~~compared to $113,709 orfor isthe ~~reasonably~~same ~~likely~~period toin ~~materially~~2018. ~~affect~~The decrease in selling, ~~our~~general ~~internal~~and administrative expenses was primarily ~~control~~attributable ~~over~~to ~~financial~~the ~~reporting~~decrease in salary, travel, insurance, and commission expenses.

7For the three months ended March 31, 2019, loss from operations increased to $68,080 as compared to $44,066 for the three months ended March 31, 2018. This represented an increased loss of $24,014, or 54.5% comparing the two periods. The increase of loss from operations was mainly due to the decrease in net sales for the three months ended March 31, 2019.

~~PART II~~ 4

~~Item~~Other income (expenses) was $(7,182) and $(9,719) for the three months ended March 31, 2019 and 2018, respectively. This represented a decreased loss of $2,537 or 26.1% . ~~Legal~~The ~~Proceedings~~main reason for this decreased other expense was due to the decrease in loss on foreign currency exchange.

~~None~~Our net loss was $75,262 for the three months ended March 31, 2019, compared to a net loss of $53,785 for the three months ended March 31, 2018. The increased net loss for the three months ended March 31, 2019, was due to the reasons described above.

~~Item~~Liquidity ~~1A.~~and ~~Risk~~Capital ~~Factors.~~Resources

~~The~~Cash ~~risk~~and ~~factors~~cash ~~set~~equivalents ~~forth~~were in$10,286 ~~our~~at ~~annual~~March ~~report~~31, on2019, ~~Form 10-K~~and ~~for~~$55,499 ~~the~~at ~~year ended~~ December 31, ~~2017,~~2018. ~~filed~~Our ontotal current assets were $195,976 at March 31, 292019, ~~2018~~as compared to $199,901 ~~have~~at ~~not~~December ~~changed except~~31, ~~that~~2018. ~~the~~Our ~~risk~~total ~~factor~~current liabilities ~~related~~were to$1,229,072 ~~our~~at ~~common~~March ~~stock~~31, ~~are~~2019, ~~being~~as ~~replaced~~compared ~~with~~to $1,297,797 at ~~following~~December ~~risk~~31, ~~factors:~~2018.

~~RISKS~~We ~~RELATED~~had TOworking ~~OUR~~capital ~~COMMON~~deficiency ~~STOCK~~of $(1,033,096) at March 31, 2019 compared with working capital deficiency of $(1,097,896) at December 31, 2018. This decrease in working capital deficiency was primarily due to an increase in inventories and the decrease in the current portion of loan from shareholders, which was partial offset by decreases in cash and cash equivalents, accounts receivables, prepaid expense and other current assets and the increase in accounts payables, due to related parties and the current portion of lease liability.

~~There~~Net ~~has~~cash ~~been~~flows noused orin ~~limited~~operating ~~trading~~activities ~~market~~was ~~for~~$50,895 ~~our common~~during ~~stock.~~the ~~There~~three ismonths noended ~~assurance~~March 31, 2019, a decrease of an$77,550, ~~established~~compared ~~public~~to ~~trading~~net cash ~~market~~flows provided by operating activities of $26,655 ~~which~~during the three months ~~would~~ended ~~adversely~~March ~~affect~~31, 2018. The decrease in net cash flow provided by operating activities during the ~~ability~~three ofmonths ~~our~~ended ~~investors~~March to31, ~~sell~~2019, ~~their~~was ~~securities~~primarily due to increases in net loss, inventories, accounts payables and due to related parties, partially offset by the ~~public~~decrease ~~markets.~~in accounts receivable, prepaid expense and other current assets, and accrued expenses.

~~There~~We ~~has~~had ~~been~~ no orcash ~~limited~~flow ~~trading~~from ~~for~~investing ~~the Company's common stock which is currently quoted on the OTC Pink. The lack of an active public market may impair your ability to sell your shares at the time you wish to sell them~~ or atfinancing ~~a price that you consider reasonable. The lack of an active public~~activities ~~market~~during ~~may also reduce~~ the ~~fair~~three ~~market~~months ~~value~~ended ofMarch ~~your~~31, ~~shares.~~2019 ~~An inactive market may also impair our ability to raise capital by selling shares of capital stock~~ and ~~may impair our ability to acquire other companies or technologies by using common stock as consideration~~2018.

~~You~~Net ~~may~~change ~~have~~in ~~difficulty~~cash ~~trading~~ and ~~obtaining~~cash ~~quotations~~equivalents was a decrease of ~~for~~$45,213 ~~our~~during ~~common~~the ~~stock~~three months ended March 31. 2019. Net change in cash and cash equivalents was an increase of $25,190 during the three months ended March 31. 2018.

~~The~~Going common stock may not be actively traded, and the bid and asked prices for our common stock quoted on the OTC Pink may fluctuate widely. As a result, investors may find it difficult to dispose of, or to obtain accurate quotations of the price of, our securities. This severely limits the liquidity of the common stock, and would likely reduce the market price of our common stock and hamper our ability to raise additional capital. Concern

The ~~market~~Company ~~price~~has incurred a significant net loss during the past two years and had an accumulated deficit of ~~our~~$2,295,402 ~~common~~and ~~stock~~$2,220,140 ~~may~~as of March 31, 2019 and isDecember ~~likely~~31, 2018, respectively. The accompanying toconsolidated financial statements have been prepared assuming that the Company will continue toas a going concern. This basis of accounting contemplates the recovery of the 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, ~~highly~~operations ~~volatile~~and capital expenditures and ~~subject~~permit tothe ~~wide~~realization of assets and the payment of liabilities in the ~~fluctuations~~normal course of operations for the foreseeable future.

~~The~~These ~~market~~factors, ~~price~~among ofothers, ~~our~~raise ~~common~~substantial ~~stock~~doubt isabout ~~likely~~our ability to becontinue ~~highly volatile~~as ~~and~~a ~~could~~going beconcern. ~~subject~~The toaccompanying ~~wide~~consolidated ~~fluctuations~~financial statements indo ~~response~~not toinclude aany ~~number~~adjustments ~~of factors~~ that ~~are~~might ~~beyond~~result ~~our~~from ~~control,~~the ~~including:~~outcome of this uncertainty.

~~dilution~~Inflation caused by our issuance of additional shares of common stock and other forms of equity securities, which we may make in connection with future capital financings to fund our operations and growth, to attract and retain valuable

~~personnel~~Our opinion is that inflation has not had a material effect on our operations and inis ~~connection~~not ~~with~~expected ~~future~~to ~~strategic~~have ~~partnerships~~any ~~with~~material ~~other~~effect on our ~~companies;~~ operations.

~~announcements of new acquisitions, discoveries or other business initiatives by our competitors;~~ 5

~~our~~Climate ~~ability~~Change ~~to take advantage of new acquisitions, discoveries or other business initiatives;~~

~~quarterly~~Our ~~variations~~opinion inis ~~our~~that ~~revenues~~neither ~~and~~climate ~~operating~~change, ~~expenses;~~nor governmental regulations related to climate change, have had, or are expected to have, any material effect on our operations.

~~changes~~Off-Balance inSheet ~~the~~Arrangements ~~valuation of similarly situated companies, both in our industry and in other industries;~~

We do not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in ~~analysts’~~financial ~~estimates~~condition, ~~affecting~~revenues ~~the~~or ~~Company~~expenses, ~~our~~results ~~competitors~~of ~~and/~~operations, liquidity, capital expenditures or ~~our~~capital ~~industry;~~resources that is material to investors.

~~changes~~Item in3. ~~the~~Quantitative ~~accounting~~and ~~methods~~Qualitative ~~used~~Disclosures inAbout orMarket ~~otherwise affecting our industry;~~ Risk.

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

~~fluctuations~~Item in4. ~~interest~~Controls ~~rates~~ and ~~the availability of capital in the capital markets; and~~ Procedures.

~~significant~~Evaluation ~~sales~~ of ~~our~~Disclosure ~~common~~Controls ~~stock, including sales by the investors~~ and~~/or~~ ~~future~~Procedures ~~investors in future offerings we expect to make to raise additional capital.~~

~~These~~As ~~and~~of ~~other~~the ~~factors~~end ~~are~~of ~~largely~~the ~~beyond~~period ~~our~~covered ~~control~~by this report, we conducted an evaluation, under the supervision and with the participation of our ~~impact~~Chief Executive Officer and Chief Financial Officer of ~~these~~our ~~risks,~~disclosure ~~singly~~controls and orprocedures (as defined in Rule 13a-15(e) and Rule 15d-15(e) of the ~~aggregate~~Exchange Act). Based upon this evaluation, ~~may~~our ~~result~~Chief inExecutive ~~material~~Officer and Chief ~~adverse~~Financial ~~changes~~Officer concluded that our disclosure controls and procedures were not effective as of end of the period covered by this report to ensure that information required to be disclosed by us in the ~~market~~reports ~~price~~that ofwe ~~our~~file ~~common~~or ~~stock~~submit under the Exchange Act is: (1) accumulated and~~/or~~ communicated to our ~~results~~management, including ofour Chief Executive Officer and Chief Financial Officer, as ~~operations~~appropriate to allow timely decisions regarding required disclosure; and ~~financial~~(2) recorded, ~~condition~~processed, summarized and reported, within the time periods specified in the Commission's rules and forms.

WeManagement dohas determined that our internal controls contain material weaknesses due to the absence of segregation of duties, as well as lack of qualified accounting personnel and excessive reliance on third party consultants for accounting, financial reporting and related activities. The lack of any separation of duties, with the same person, who is our only employee who serves as both chief executive officer and chief financial officer, and who does not ~~expect~~have an accounting background and serves on a part-time basis, makes it unlikely that we will be able to ~~pay~~implement ~~dividends~~effective internal controls over financial reporting in the ~~foreseeable~~ near future.

WeDue doto ~~not~~our ~~intend~~size toand ~~declare~~nature, ~~dividends~~segregation ~~for~~of ~~the~~all ~~foreseeable~~conflicting ~~future~~duties is not possible. However, asto wethe ~~anticipate~~extent ~~that~~possible, we ~~will~~plan ~~reinvest~~to ~~any~~implement procedures ~~future~~to ~~earnings~~assure inthat the ~~development~~ ~~and~~initiation ~~growth~~of transactions, the custody of ~~our~~assets and ~~business.~~the ~~Therefore,~~recording ~~investors~~of transactions will ~~not~~be ~~receive any~~performed ~~funds~~by ~~unless~~separate ~~they~~individuals ~~sell~~if and ~~their~~when ~~common~~we ~~stock,~~have ~~and~~sufficient ~~stockholders~~income ~~may~~to beenable ~~unable~~us to ~~sell their~~hire ~~shares~~such onindividuals, ~~favorable~~and ~~terms~~we cannot orgive atany ~~all.~~assurance ~~Investors~~that ~~cannot~~we will be ~~assured~~able ofto ~~a positive~~hire ~~return~~such onpersonnel. ~~investment~~Our financial orcondition ~~that~~makes ~~they~~it ~~will~~difficult ~~not~~for ~~lose~~us ~~the~~to ~~entire~~implement ~~amount~~a system of internal ~~their~~controls ~~investment~~over infinancial ~~the common stock~~reporting.

8Until we generate significantly greater revenues and employ accounting personnel, it is doubtful that we will be able implement any system which provides us with any degree of internal controls over financial reporting. Due to the nature of this material weakness in our internal control over financial reporting, there is more than a remote likelihood that misstatements which could be material to our annual or interim financial statements could not be prevented or detected.

IfA wematerial ~~fail~~weakness to(within ~~maintain~~the ~~effective~~meaning ~~internal~~of ~~controls~~PCAOB ~~over~~Auditing Standard No. 5) is a deficiency, or a combination of deficiencies, in internal control over financial reporting, ~~the~~such ~~price~~that there is a reasonable possibility that a material misstatement of our ~~common~~annual ~~stock~~or ~~may~~interim financial statements will not be prevented or detected on a timely basis. A significant deficiency is a ~~adversely~~deficiency, ~~affected~~or a combination of deficiencies, in internal control over financial reporting that is less severe than a material weakness, yet important enough to merit attention by those responsible for oversight of our financial reporting.

Our internal controls over financial reporting, while they appear to be sufficient for our needs, may have weaknesses and conditions that will need to be addressed, the disclosure of which may have an adverse impact on the price of our common stock. We are required to establish and maintain appropriate internal controls over financial reporting. Failure to establish those controls, or any failure of those controls once established, could adversely impact our public disclosures regarding our business, financial condition or operating results. In addition, management's assessment of our internal controls over financial reporting may identify weaknesses and conditions that need to be addressed in our internal controls over financial reporting or other matters that may raise concerns for investors. Any actual or perceived weaknesses and conditions that need to be addressed in our internal controls over financial reporting or disclosure of management's assessment of our internal controls over financial reporting may have an adverse impact on the price of our common stock. 6

WeBecause of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Projections of any evaluation of effectiveness to future periods are ~~controlled~~subject byto ~~current~~the ~~officers~~risk that controls may become inadequate because of changes in conditions, ~~directors~~or ~~and~~that the ~~principal~~degree ~~stockholders~~of compliance with the policies and procedures may deteriorate.

~~Our~~Changes ~~directors,~~in ~~executive~~Internal ~~officers~~Control ~~and~~over ~~principal~~Financial ~~stockholders~~Reporting and their affiliates beneficially own approximately 64% of the outstanding shares of our common stock. So long as our directors, executive officers and principal stockholders and their affiliates control a majority of our fully diluted equity, they will continue to have the ability to elect our directors and determine the outcome of votes by our stockholders on corporate matters, including mergers, sales of all or substantially all of our assets, charter amendments and other matters requiring stockholder approval.

~~This~~There ~~controlling~~were ~~interest~~no ~~may~~changes that have aaffected, ~~negative~~or ~~impact~~are ~~on the~~reasonably ~~market~~likely ~~price~~to ofmaterially affect, our ~~common~~internal ~~stock~~control byover ~~discouraging~~financial ~~third~~reporting (as defined in Rules 13a-~~party~~15(f) ~~investors~~or 15d-15(f) under the Exchange Act) during the quarter ended March 31, 2019.

~~Applicable~~PART ~~SEC~~II ~~rules governing the trading of “penny stocks” limit the trading and liquidity of our common stock, which may affect the trading price of our common stock.~~

~~Shares~~Item of common stock may be considered a “penny stock” and be subject to SEC rules and regulations which impose limitations upon the manner in which such shares may be publicly traded and regulate broker-dealer practices in connection with transactions in “penny stocks1.” ~~Penny~~Legal ~~stocks generally are equity securities with a price of less than $5~~Proceedings.00 (other than securities registered on certain national securities exchanges). The penny stock rules require a broker-dealer, prior to a transaction in a penny stock not otherwise exempt from the rules, to deliver a standardized risk disclosure document that provides information about penny stocks and the risks in the penny stock market. The broker-dealer must also provide the customer with current bid and offer quotations for the penny stock, the compensation of the broker-dealer and its salesperson in the transaction, and monthly account statements showing the market value of each penny stock held in the customer’s account. In addition, the penny stock rules generally require that prior to a transaction in a penny stock, the broker-dealer make a special written determination that the penny stock is a suitable investment for the purchaser and receive the purchaser’s written agreement to the transaction. These disclosure requirements may have the effect of reducing the level of trading activity in the secondary market for a stock that becomes subject to the penny stock rules which may increase the difficulty investors may experience in attempting to liquidate such stock.

~~The~~Currently ~~market~~we ~~price~~are ofnot ~~our~~involved ~~common~~in ~~stock~~any ~~may~~pending ~~limit~~litigation ~~its~~or ~~eligibility~~legal ~~for clearing house deposit~~proceeding.

WeItem ~~have been advised that if the market price for shares of our common stock is less than $0~~1A.10 ~~per~~Risk ~~share, the Depository Trust Company and other securities clearing firms may decline to accept shares of our common stock for deposit and refuse to clear trades~~Factors. ~~This would materially and adversely affect the marketability and liquidity of our common stock, and, accordingly, may materially and adversely affect the value of an investment in our common stock.~~

~~Item~~We 2.are ~~Unregistered~~a ~~Sales~~smaller reporting company as defined by Rule 12b-2 of the ~~Equity~~Exchange ~~Securities~~Act and ~~Use~~are ofnot ~~Proceeds~~required to provide the information required under this item.

None.

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

None.

Item 3.	Defaults Upon Senior Securities.

None.

Item 4.	Mine Safety Disclosures.

None.

Item 5.	Other Information.

None.

Item 6.	Exhibits.

Item 3. Defaults Upon Senior Securities.

Exhibit
Number	Description

3.1	Certificate of Incorporation of the Company (incorporated by reference to the Company's proxy statement on Schedule 14A filed with the Commission on March 5, 2003 (the "Proxy Statement").

3.2	Articles of Amendment to the Articles of Incorporation of the Company (incorporated by reference to the Proxy Statement).

3.3	By-Laws of the Company (incorporated by reference to the Proxy Statement).

3.4	Amended and Restated Certificate of Incorporation of the Company Incorporated by reference to the information statement on Schedule 14C filed with the SEC on March 15, 2005).

3.5	Articles of Amendment to the Articles of Incorporation of the Company (incorporated by reference to the information statement on Schedule 14C filed with SEC on August 26, 2005).

3.6	Amended and Restated By-Laws of Omphalos, Corp., incorporated by reference to Exhibit 3.7 of the Company’s Annual Report on Form 10-K filed with the SEC on March 31, 2009.

31.1	Certification by Principal Executive Officer, required by Rule 13a-14(a) or Rule 15d-14(a) of the Exchange Act.*

31.2	Certification by Principal Financial Officer, required by Rule 13a-14(a) or Rule 15d-14(a) of the Exchange Act.*

32.1	Certification by Principal Executive Officer, required by Rule 13a-14(b) or Rule 15d-14(b) of the Exchange Act and Section 1350 of Chapter 63 of Title 18 of the United States Code.*

32.2	Certification by Principal Financial Officer, required by Rule 13a-14(b) or Rule 15d-14(b) of the Exchange Act and Section 1350 of Chapter 63 of Title 18 of the United States Code.*

101.INS	XBRL Instance Document+
101.SCH	XBRL Taxonomy Extension Schema+
101.CAL	XBRL Taxonomy Extension Calculation Linkbase+
101.DEF	XBRL Taxonomy Extension Definition Linkbase+
101.LAB	XBRL Taxonomy Extension Label Linkbase+
101.PRE	XBRL Taxonomy Extension Presentation Linkbase+

~~None.~~*filed herewith +submitted herewith

~~Item 4. Mine Safety Disclosures.~~8

~~Not~~SIGNATURES ~~applicable.~~

~~Item~~ In 5.accordance ~~Other~~with ~~Information~~the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

~~None~~OMPHALOS, CORP.

Item 6. Exhibits.

Date: May 13, 2019	By:	/s/ Sheng-Peir Yang
		Sheng-Peir Yang
		Chief Executive Officer and Director
		(Principal Executive Officer)


Date: May 13, 2019	By:	/s/ Pi Yun Chu
		Pi Yun Chu
		Chief Financial Officer
		(Principal Financial and Accounting Officer)

Exhibit
Number		Description
3.1		Certificate of Incorporation of the Company (incorporated by reference to the Company's proxy statement on Schedule 14A filed with the Commission on March 5, 2003 (the "Proxy Statement").
3.2		Articles of Amendment to the Articles of Incorporation of the Company (incorporated by reference to the Proxy Statement).
3.3		Agreement and Plan of Merger between Quixit, Inc., a Colorado corporation, and TOP Group Corporation (now known as SOYODO Group Holdings, Inc.), a Delaware corporation (incorporated by reference to the Proxy Statement).
3.4		By-Laws of the Company (incorporated by reference to the ProxyStatement).
3.5		Amended and Restated Certificate of Incorporation of the Company Incorporated by reference to the information statement on Schedule 14c filed with the SEC on March 15, 2005).
3.6		Articles of Amendment to the Articles of Incorporation of the Company (incorporated by reference to the information statement on Schedule 14C filed with SEC on August 26, 2005).
3.7		Amended and Restated By-Laws of Omphalos, Corp., incorporated by reference to Exhibit 3.7 of the Company’s Annual Report on Form 10-K filed with the SEC on March 31, 2009.
31.1		Certification by Principal Executive Officer, required by Rule 13a-14(a) or Rule 15d-14(a) of the Exchange Act.*
31.2		Certification by Principal Financial Officer, required by Rule 13a-14(a) or Rule 15d-14(a) of the Exchange Act.*
32.1		Certification by Principal Executive Officer, required by Rule 13a-14(b) or Rule 15d-14(b) of the Exchange Act and Section 1350 of Chapter 63 of Title 18 of the United States Code.*
32.2		Certification by Principal Financial Officer, required by Rule 13a-14(b) or Rule 15d-14(b) of the Exchange Act and Section 1350 of Chapter 63 of Title 18 of the United States Code.*
101.INS		XBRL Instance Document+
101.SCH		XBRL Taxonomy Extension Schema+
101.CAL		XBRL Taxonomy Extension Calculation Linkbase+
101.DEF		XBRL Taxonomy Extension Definition Linkbase+
101.LAB		XBRL Taxonomy Extension Label Linkbase+
101.PRE		XBRL Taxonomy Extension Presentation Linkbase+

*filed herewith+submitted herewith

SIGNATURES

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

OMPHALOS, CORP.

Date: November 2, 2018	By:	/s/ Sheng-Peir Yang
		Sheng-Peir Yang
		Chief Executive Officer, President and Chairman of the Board
Date: November 2, 2018	By:	/s/ Pi-Yun Chu
		Pi-Yun Chu
		Chief Financial Officer, Chief Accounting Officer and Director

Filing Compare · OMPHALOS, CORP