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

FORM 10-Q

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

For the quarterly period ended ~~December~~March 31, ~~2018~~ 2019

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

For the transition period from ~~_____~~_____to to _____

Commission File Number: 000-52945

~~TECHMEDIA~~QORNERSTONE ~~ADVERTISING,~~ INC. (Exact name of registrant as specified in its charter)

Nevada	98-0540833
State or other jurisdiction of incorporation of organization)	(I.R.S. Employer Identification No.)
6, Shenton Way #21-08 OUE Downtown, Singapore	068809
(Address of principal executive offices)	(Zip Code)

+65-65572516 (Registrant’s telephone number, including area code)

6, Shenton Way #21-08 OUE Downtown, Singapore	068809
(Address of principal executive offices)	(Zip Code)

~~N/A~~ +65-65572516(~~Former~~Registrant’s ~~name,~~telephone ~~former address and former~~number, ~~fiscal~~including ~~year,~~area ~~if changed since last report~~code)

~~Indicate~~TechMedia byAdvertising, ~~check mark whether the registrant~~ Inc.(1)Former ~~has filed all~~name, ~~reports~~former ~~required~~address toand beformer ~~filed~~fiscal ~~by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports)~~year, ~~and~~if ~~(2)~~changed ~~has~~since ~~been~~last ~~subject to such filing requirements for the past 90 days. Yes [X] No [ ]~~ report)

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

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted 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 such files). Yes [X] No [ ]

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer”, “accelerated filer”, “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

	[ ] 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 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]

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date: 30,490,~~095 shares~~095shares of common stock outstanding as of ~~February~~May 1410, 2019.

~~TECHMEDIA~~QORNERSTONE ~~ADVERTISING,~~ INC.

TABLE OF CONTENTS

PART I – FINANCIAL INFORMATION		4	4
Item 1.	~~Item~~Financial 1.Statements	~~Financial Statements~~F-1	~~F-1~~
Item 2.	~~Item~~Management's 2.Discussion and Analysis of Financial Condition and Results of Operations	~~Management's Discussion and Analysis of Financial Condition and Results of Operations~~5	5
Item 3.	~~Item~~Quantitative 3.and Qualitative Disclosures About Market Risk	~~Quantitative and Qualitative Disclosures About Market Risk~~13	10
Item 4.	~~Item~~Controls 4.and Procedures	~~Controls and Procedures~~14	15
PART II – OTHER INFORMATION		14	15
Item 1.	~~Item~~Legal 1.Proceedings	~~Legal Proceedings~~14	15
Item 1A.	~~Item~~Risk ~~1A.~~Factors	~~Risk Factors~~15	15
Item 2.	~~Item~~Unregistered 2.Sales of Equity Securities and Use of Proceeds	~~Unregistered Sales of Equity Securities and Use of Proceeds~~15	15
Item 3.	~~Item~~Defaults 3.Upon Senior Securities	~~Defaults Upon Senior Securities~~15	16
Item 4.	~~Item~~Mine 4.Safety Disclosures	~~Mine Safety Disclosures~~15	16
Item 5.	~~Item~~Other 5.Information	~~Other Information~~15	16
Item 6.	~~Item 6.~~Exhibits	~~Exhibits~~15	17
SIGNATURES		16	18

PART I – FINANCIAL INFORMATION

Item 1.

Financial Statements

~~TechMedia~~Qornerstone ~~Advertising,~~ Inc.

~~Condensed~~(formerly ~~Consolidated~~TechMedia ~~Financial~~Advertising, ~~Statements~~Inc)

~~December~~Condensed ~~31,~~Consolidated ~~2018~~Financial Statements

~~(Expressed~~March in31, ~~U.S.~~2019 ~~Dollars)~~

(~~unaudited~~Expressed in U.S. Dollars)

~~TechMedia Advertising, Inc. Condensed Consolidated Balance Sheets~~ (~~Expressed in U.S. Dollars~~unaudited)

		December 31,		June 30,
		2018		2018
	Notes	$		$
		(unaudited)
ASSETS
Current Assets
Cash		71,217		128,868
Accounts receivable, net of allowance for doubtful accounts of $15,517 and $25,714, respectively		78,943		121,742
Deferred contract costs		–		188,322
Prepaid expenses and deposits		93,273		91,744
Total Current Assets		243,433		530,676
Property and equipment	4	12,652		15,028
Total Assets		256,085		545,704
LIABILITIES
Current Liabilities
Accounts payable and accrued liabilities		172,474		108,726
Deferred revenue		160,033		421,178
Due to related parties	5	516,427		235,678
Total Current Liabilities		848,934		765,582
Notes payable	6	–		1,406,522
Total Liabilities		848,934		2,172,104
STOCKHOLDERS’ DEFICIT
Common stock, 220,000,000 shares authorized, $0.001 par value; 30,490,095 and 18,998,211 shares issued and outstanding, respectively		30,490		18,998
Additional paid-in capital		1,798,471		170,694
Accumulated other comprehensive income		58,349		39,810
Deficit		(2,480,159	)	(1,855,902	)
Total Stockholders’ Deficit		(592,849	)	(1,626,400	)
Total Liabilities and Stockholders’ Deficit		256,085		545,704

Qornerstone Inc.

(formerly Techmedia Advertising, Inc.)

Condensed Consolidated Balance Sheets

(Expressed in U.S. Dollars)

(The accompanying notes are an integral part of these condensed consolidated financial statements)

		March 31,		June 30,
		2019		2018
	Notes	$		$
		(unaudited)
ASSETS
Current Assets
Cash		95,188		128,868
Accounts receivable, net of allowance for doubtful accounts of $37,638 and $25,714, respectively		139,363		121,742
Deferred contract costs		–		188,322
Prepaid expenses and deposits		96,001		91,744
Total Current Assets		330,552		530,676
Property and equipment	4	12,737		15,028
Total Assets		343,289		545,704
LIABILITIES
Current Liabilities
Accounts payable and accrued liabilities		173,223		108,726
Deferred revenue		123,851		421,178
Due to related parties	5	692,657		235,678
Total Current Liabilities		989,731		765,582
Notes payable	6	–		1,406,522
Total Liabilities		989,731		2,172,104

STOCKHOLDERS’ DEFICIT
Common stock, 220,000,000 shares authorized, $0.001 par value; 30,490,095 and 18,998,211 shares issued and outstanding, respectively		30,490		18,998
Share subscriptions received	7	520,000		–
Additional paid-in capital		1,798,471		170,694
Accumulated other comprehensive income		78,272		39,810
Deficit		(3,073,675	)	(1,855,902	)
Total Stockholders’ Deficit		(646,442	)	(1,626,400	)
Total Liabilities and Stockholders’ Deficit		343,289		545,704

~~F-1~~(The accompanying notes are an integral part of these condensed consolidated financial statements)

~~TechMedia Advertising, Inc. Condensed Consolidated Statement of Operations and Comprehensive Income (Loss) (Expressed in U.S. Dollars) (unaudited)~~ F-1

	Three months		Three months		Six months		Six months
	ended		ended		ended		ended
	December 31,		December 31,		December 31,		December 31,
	2018		2017		2018		2017
	$		$		$		$
Revenue	244,935		373,558		1,113,089		630,404
Cost of sales	103,303		40,143		480,177		112,333
Gross Profit	141,632		333,415		632,912		518,071
Expenses
Consulting fees	153,181		–		162,635		–
Depreciation	2,761		3,454		5,608		5,848
Directors' fees	62,538		60,927		131,534		132,901
General and administrative	33,000		71,983		43,988		139,530
Professional fees	27,683		12,287		60,032		49,313
Research and development	28,773		–		53,664		–
Rent	14,672		14,295		30,860		31,181
Salaries and benefits	229,984		211,462		481,045		449,720
Total Expenses	552,592		374,408		969,366		808,493
Loss from Operations	(410,960	)	(40,993	)	(336,454	)	(290,422	)
Other Income
Other income	–		17,055		–		17,055
Loss before Income Taxes	(410,960	)	(23,938	)	(336,454	)	(273,367	)
Income tax expense	–		(1,895	)	–		(1,895	)
Net Loss	(410,960	)	(25,833	)	(336,454	)	(275,262	)
Comprehensive Income
Foreign currency translation gain	26,603		129,256		18,539		24,011
Comprehensive Income (Loss)	(384,357	)	103,423		(317,915	)	(251,251	)
Loss Per Share, Basic and Diluted	(0.02	)	–		(0.02	)	(0.01	)
Weighted Average Number of Shares Outstanding, Basic and Diluted	19,372,946		18,998,211		19,185,579		18,998,211

Qornerstone Inc.

(formerly Techmedia Advertising, Inc.)

Condensed Consolidated Statement of Operations and Comprehensive Income (Loss)

(Expressed in U.S. Dollars)

(unaudited)

(The accompanying notes are an integral part of these condensed consolidated financial statements)

		Three months		Three months		Nine months		Nine months
		ended		ended		ended		ended
		March 31,		March 31,		March 31,		March 31,
		2019		2018		2019		2018
	Notes	$		$		$		$
Revenue		361,916		251,664		1,475,005		671,127
Cost of sales		52,984		27,540		533,161		139,873
Gross Profit		308,932		224,124		941,844		531,254
Expenses
Advertising fees		15,644		–		15,644		–
Consulting fees		342,211		–		504,846		–
Depreciation		3,263		3,607		8,871		9,455
Directors' fees	5	67,724		68,354		199,258		201,255
General and administrative		70,329		45,000		114,317		185,421
Professional fees		65,456		25,770		125,488		75,083
Research and development		23,691		–		77,355		–
Rent		15,890		16,036		46,750		47,217
Salaries and benefits		300,916		265,348		781,961		715,075
Total Expenses		905,124		424,115		1,874,490		1,233,506
Loss from Operations		(596,192	)	(199,991	)	(932,646	)	(702,252	)
Other Income
Other income		–		4,917		–		21,972
Loss before Income Taxes		(596,192	)	(195,074	)	(932,646	)	(680,280	)
Income tax recovery (expense)		2,676		(18	)	2,676		(1,913	)
Net Loss		(593,516	)	(195,092	)	(929,970	)	(682,193	)
Comprehensive Income
Foreign currency translation gain		19,923		12,510		38,462		9,675
Comprehensive Loss		(573,593	)	(182,582	)	(891,508	)	(672,518	)
Loss Per Share, Basic and Diluted		(0.02	)	(0.01	)	(0.04	)	(0.04	)
Weighted Average Number of Shares Outstanding, Basic and Diluted		30,490,095		18,998,211		22,898,741		18,998,211

~~F-2~~(The accompanying notes are an integral part of these condensed consolidated financial statements)

~~TechMedia Advertising, Inc. Condensed Consolidated Statement of Stockholders’ Deficit (Expressed in U.S. Dollars) (unaudited)~~ F-2

					Accumulated
			Additional		Other
	Common Stock		Paid-in		Comprehensive
		Amount	Capital		Income	Deficit		Total
	#	$	$		$	$		$
Balance, June 30, 2018	18,998,211	18,998	170,694		39,810	(1,855,902	)	(1,626,400	)
December 28, 2018 – recapitalization transactions
Shares of TechMedia Advertising, Inc.	9,670,474	9,671	(9,671	)	–	–		–
Net liabilities assumed	–	–	–		–	(287,803	)	(287,803	)
Shares issued pursuant to conversion of debt	1,821,410	1,821	1,637,448		–	–		1,639,269
Foreign currency translation gain	–	–	–		18,539	–		18,539
Net loss for the period	–	–	–		–	(336,454	)	(336,454	)
Balance, December 31, 2018	30,490,095	30,490	1,798,471		58,349	(2,480,159	)	(592,849	)

Qornerstone Inc.

(formerly Techmedia Advertising, Inc.)

Condensed Consolidated Statements Stockholders’ Equity (Deficit)

(Expressed in U.S. Dollars)

(unaudited)

(The accompanying notes are an integral part of these condensed consolidated financial statements)

					Accumulated
			Share	Additional	Other
	Common Stock		Subscriptions	Paid-in	Comprehensive
		Amount	Received	Capital	Income	Deficit		Total
	#	$	$	$	$	$		$
Balance, December 31, 2018	30,490,095	30,490	–	1,798,471	58,349	(2,480,159	)	(592,849	)
Share subscriptions received	–	–	520,000	–	–	–		520,000
Foreign currency translation gain	–	–	–	–	19,923	–		19,923
				–
Net loss for the period	–	–			–	(593,516	)	(593,516	)
Balance, March 31, 2019	30,490,095	30,490	520,000	1,798,471	78,272	(3,073,675	)	(646,442	)

F-3

			Accumulated
			Other
	Common Stock		Comprehensive
		Amount	Income	Deficit		Total
	#	$	$	$		$
Balance, December 31, 2017	18,998,211	189,692	11,282	(611,333	)	(410,359	)
Foreign currency translation gain	–	–	12,510	–		12,510
Net loss for the period	–	–	–	(195,092	)	(195,092	)
Balance, March 31, 2018	18,998,211	189,692	23,792	(806,425	)	(592,941	)

TechMedia Advertising, Inc. Condensed Statements of Cash Flows(Expressed in U.S. Dollars) (unaudited)

						Accumulated
			ShareSubscri Additional			Other
	Common Stock		ptions	Paid-in		Comprehensive
		Amount	Received	Capital		Income	Deficit		Total
	#	$	$	$		$	$		$
Balance, June 30, 2018	18,998,211	18,998	–	170,694		39,810	(1,855,902	)	(1,626,400	)
December 28, 2018 – recapitalization transactions
Shares of TechMedia Advertising, Inc.	9,670,474	9,671	–	(9,671	)	–	–		–
Net liabilities assumed	–	–	–	–		–	(287,803	)	(287,803	)
Shares issued pursuant to conversion of debt	1,821,410	1,821	–	1,637,448		–	–		1,639,269
Share subscriptions received			520,000	–		–	–		520,000
Foreign currency translation gain	–	–	–	–		38,462	–		38,462
Net loss for the period	–	–	–	–		–	(929,970	)	(929,970	)
Balance, March 31, 2019	30,490,095	30,490	520,000	1,798,471		78,272	(3,073,675	)	(646,442	)

	Six months		Six months
					Accumulated
	ended		ended
					Other
	December 31,		December 31,
	Common Stock				Comprehensive
	2018		2017
			Amount		Income	Deficit		Total
	$		$
	#		$		$	$		$
Operating Activities
Balance, June 30, 2017	18,998,211		189,692		14,117	(124,232	)	79,577
Net loss for the period	(336,454	)	(275,262	)
Foreign currency translation gain	–		–		9,675	–		9,675
Adjustments to reconcile net loss to net cash used in operating activities:
Net loss for the period	–		–		–	(682,193	)	(682,193	)
Depreciation	5,608		5,848
Balance, March 31, 2018	18,998,211		189,692		23,792	(806,425	)	(592,941	)
Changes in operating assets and liabilities:
Accounts receivable	42,799		86,625
Deferred contract costs	188,322		(2,138	)
Prepaid expenses and deposits	(1,529	)	(649,510	)
Accounts payable and accrued liabilities	(24,997	)	(5,870	)
Deferred revenue	(261,145	)	(200,617	)
Net Cash Used in Operating Activities	(387,396	)	(1,040,924	)
Investing Activities
Purchase of property and equipment	(3,248	)	(5,848	)
Net Cash Used in Investing Activities	(3,248	)	(5,848	)
Financing Activities
Proceeds from notes payable	232,747		561,925
Proceeds from related parties	81,691		–
Net Cash Provided by Financing Activities	314,438		561,925
Effects of Foreign Exchange Rate Changes on Cash	18,555		31,353
Decrease in Cash	(57,651	)	(453,494	)
Cash, Beginning of Period	128,868		585,840
Cash, End of Period	71,217		132,346
Non-cash Investing and Financing Activities:
Common stock issued for conversion of notes payable	1,639,269		–
Supplemental Disclosures:
Interest paid	–		–
Income taxes paid	–		–

(The accompanying notes are an integral part of these ~~condensed~~ condensed consolidated financial statements)

F-4 3

~~TechMedia~~Qornerstone Inc. (formerly Techmedia Advertising, Inc. ~~Notes~~) ~~to the~~ Condensed ~~Consolidated~~Statements ~~Financial StatementsDecember~~of ~~31,~~Cash ~~2018~~Flows (Expressed in U.S. Dollars) (unaudited)

1.	Nature of Operations and Going Concern
		Nine months		Nine months
	TechMedia Advertising, Inc. (“TechMedia” or the "Company") was incorporated in the State of Nevada on January 30, 2007 under the name Ultra Care, Inc. On February 17, 2009, the Company merged with its wholly owned subsidiary, TechMedia Advertising, Inc., in order to effect a name change from Ultra Care, Inc. to TechMedia Advertising, Inc. The Company’s principal place of business is in Singapore. The Company is in the business of being a solution provider of cloud-enabled real estate and facility management, financial management, security and enterprise turn-key systems/solutions for government-to-government, business-to- business and business-to-consumer.
		ended		ended
	On December 28, 2018, TechMedia completed its reverse merger with IBASE Technology Private Limited (“IBASE”) in accordance with the terms of a Share Exchange Agreement dated as of December 16, 2016, as extended on March 31, 2017, and amended on March 31, 2018. See Note 3 for additional information regarding the merger.
		March 31,		March 31,
	These unaudited condensed consolidated financial statements have been prepared on a going concern basis, which assumes that the Company will continue to realize its assets and discharge its obligations and commitments in the normal course of operations. Realization values may be substantially different from carrying values as shown and these consolidated financial statements do not give effect to adjustments that would be necessary to the carrying values and classification of assets and liabilities should the Company be unable to continue as a going concern. As of December 31, 2018, the Company has a working capital deficit of $605,501, has incurred cumulative losses of $2,480,159, and expects to incur further losses in the development of its business. These factors raise substantial doubt about the Company’s ability to continue as a going concern. To remain a going concern, the Company will be required to obtain the necessary financing to pursue its plan of operation. Management plans to obtain the necessary financing through the issuance of equity and/or advances from related parties. Should the Company not be able to obtain this financing, it may need to substantially scale back operations or ease business. These condensed consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.
		2019		2018
2.	Significant Accounting Policies
		$		$
Operating Activities
Net loss for the period		(929,970	)	(682,193	)
Adjustments to reconcile net loss to net cash used in operating activities:
Bad debts		1,811		–
Depreciation		8,871		9,455
Unrealized foreign exchange loss		–		1,263
Changes in operating assets and liabilities:
Accounts receivable		(19,432	)	49,098
Deferred contract costs		188,322		(59,556	)
Prepaid expenses and deposits		(4,257	)	(647,734	)
Accounts payable and accrued liabilities		(24,248	)	34,353
Deferred revenue		(297,327	)	13,913
Due to related parties		26,612		–
Net Cash Used in Operating Activities		(1,049,618	)	(1,281,401	)
Investing Activities
Acquisition of subsidiary, net of cash acquired		–		10,179
Purchase of property and equipment		(6,290	)	(6,208	)
Net Cash Provided by (Used in) Investing Activities		(6,290	)	3,971
Financing Activities
Proceeds from shareholders’ loans		–		603,103
Proceeds from notes payable		232,747		–
Proceeds from related parties		231,309		176,276
Shares subscriptions received		520,000		–
Net Cash Provided by Financing Activities		984,056		779,379
Effects of Foreign Exchange Rate Changes on Cash		38,172		(6,334	)
Decrease in Cash		(33,680	)	(504,385	)
Cash, Beginning of Period		128,868		585,840
Cash, End of Period		95,188		81,455
Non-cash Investing and Financing Activities:
Accounts payable assumed on reverse merger		88,745		–
Due to related parties assumed on reverse merger		199,058		–
Common stock issued for conversion of debt		1,639,269		–
Supplemental Disclosures:
Interest paid		–		–
Income taxes paid		–		–

	(a)	Principles of Consolidation and Basis of Presentation
		The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”) and in conformity with the instructions on Form 10-Q and Rule 8-03 of Regulation S-X and the related rules and regulations of the Securities and Exchange Commission (“SEC”).Accordingly, they do not include all the information and footnotes required by U.S. GAAP for complete financial statements. However, in the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Results of operations for the interim periods are not necessarily indicative of the operating results to be attained in the entire fiscal year.
		These unaudited condensed consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries, IBASE Technology Private Limited (“IBASE”) and IBASE Technology International Pte. Ltd. (“IBASE International”). All significant inter-company transactions and balances have been eliminated in consolidation.
		The accompanying unaudited condensed financial statements and notes should be read in conjunction with the audited financial statements and accompanying notes for the year ended June 30, 2018 included in the Current Report, as amended, on Form 10-12GA filed on November 9, 2018. There have been no significant and material changes in our critical accounting policies and significant judgments and estimates during the three and six months ended December 31, 2018, except as described below.

(The accompanying notes are an integral part of these condensed consolidated financial statements

F-5 4

~~TechMedia~~Qornerstone Inc. (formerly Techmedia Advertising, Inc. ) Notes to the Condensed Consolidated Financial ~~StatementsDecember~~ Statements March 31, ~~2018~~2019 (Expressed in U.S. Dollars) (unaudited)

21. ~~Significant~~Nature ~~Accounting~~of ~~Policies~~Operations ~~(continued)~~and Going Concern

~~(b)~~Qornerstone ~~Use of Estimates The preparation of these condensed consolidated financial statements in conformity with U~~Inc.S. ~~GAAP requires management to make estimates and assumptions that affect~~ (the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The "Company") ~~regularly~~was incorporated ~~evaluates~~in ~~estimates and assumptions related to allowance for doubtful accounts,~~ the ~~estimated~~State ~~useful lives and recoverability~~ of ~~property~~Nevada ~~and equipment, and deferred income tax asset valuation allowances. The Company bases its estimates and assumptions~~ on ~~current~~January ~~facts~~30, ~~historical~~2007 ~~experience and various other factors that it believes to be reasonable~~ under the ~~circumstances~~name Ultra Care, ~~the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources~~Inc. ~~The~~On ~~actual~~February ~~results~~17, ~~experienced~~2009, by the Company ~~may~~merged ~~differ~~with ~~materially~~its ~~and~~wholly ~~adversely~~owned subsidiary, ~~from~~TechMedia ~~the~~Advertising, ~~Company’s estimates~~Inc., Toin ~~the~~order ~~extent~~to ~~there~~effect ~~are~~a ~~material~~name ~~differences~~change ~~between~~from Ultra ~~the estimates and the actual results~~Care, ~~future results of operations will be affected~~Inc. ~~(c) Cash and Cash Equivalents The Company considers all highly liquid instruments with a maturity of three months or less at the time of acquisition~~ to beTechMedia ~~cash~~Advertising, ~~equivalents~~Inc. ~~(d)~~On ~~Accounts~~March ~~Receivable~~15, ~~The~~2019, ~~Company recognizes allowances for doubtful accounts to ensure accounts receivable are not overstated due to~~ the ~~inability~~Company changed ~~or unwillingness of~~ its ~~customers~~name to ~~make~~Qornerstone ~~required payments~~Inc. The ~~allowance~~Company is ~~based~~in on the business ~~environment, historical bad debt expense, the age~~ of ~~receivables,~~being ~~and~~a solution ~~the~~provider ~~specific identification~~ of ~~receivables~~cloud-enabled ~~the~~real ~~Company~~estate ~~considers at risk. The Company reviews the adequacy of its allowance for doubtful accounts on a regular basis. (e) Property~~ and ~~Equipment~~facility ~~Property and equipment consist of computer equipment~~management, financial ~~furniture and fixtures~~management, ~~leasehold~~security ~~improvements,~~ and ~~office~~enterprise ~~equipment~~turn-key ~~and~~systems/solutions ~~are~~for government-to-government, ~~measured~~business-to-business ~~at cost less accumulated depreciation~~ and ~~impairment losses. Property and equipment are depreciated on a straight~~business-~~line basis over their expected useful life as follows:~~to-consumer.

Computer equipment	3 years
Furniture and fixtures	5 years
Office equipment	5 years

On December 28, 2018, the Company completed its reverse merger with IBASE Technology Private Limited (“IBASE”) in accordance with the terms of a Share Exchange Agreement dated as of December 16, 2016, as extended on March 31, 2017, and amended on March 31, 2018. See Note 3 for additional information regarding the merger.

~~(f)~~These ~~Impairment~~condensed ofconsolidated ~~Long-lived~~financial statements ~~Assets~~have Inbeen ~~accordance~~prepared ~~with~~on ~~ASC~~a ~~360,~~going ~~“Property,~~concern ~~Plant~~basis, ~~and~~which ~~Equipment”,~~assumes ~~the~~that the Company ~~tests~~will ~~long-lived~~continue ~~assets~~to orrealize ~~asset~~its ~~groups~~assets ~~for~~and ~~recoverability~~discharge ~~when~~its ~~events~~obligations orand commitments ~~changes~~ in ~~circumstances~~the ~~indicate~~normal ~~that~~course ~~their~~of ~~carrying~~operations. ~~amount~~Realization values may ~~not~~ be substantially ~~recoverable.~~different ~~Circumstances~~from ~~which~~carrying ~~could~~values ~~trigger~~as ashown ~~review~~and ~~include,~~these ~~but~~consolidated financial ~~are~~statements do not ~~limited~~give effect to: ~~significant~~adjustments ~~decreases~~that inwould be necessary to the ~~market~~carrying ~~price~~values ofand ~~the~~classification ~~asset;~~of ~~significant~~assets ~~adverse~~and ~~changes~~liabilities inshould the Company ~~business~~be ~~climate~~unable orto ~~legal~~continue ~~factors;~~as ~~accumulation~~a ofgoing ~~costs~~concern. ~~significantly~~As ~~in excess~~ of ~~the~~March ~~amount~~31, ~~originally~~2019, ~~expected~~the Company ~~for~~has ~~the~~a ~~acquisition~~working orcapital ~~construction~~deficit of ~~the~~$659,179, ~~asset;~~has ~~current~~incurred ~~period cash flow or operating~~ cumulative losses ~~combined with a history~~ of ~~losses~~$3,073,675, orand aexpects ~~forecast~~to ofincur ~~continuing~~further losses ~~associated~~in ~~with~~ the ~~use~~development of its ~~the~~business. ~~asset;~~Management ~~and~~has ~~current~~taken ~~expectation~~several ~~that~~actions ~~the~~to ~~asset~~ensure ~~will~~that ~~more likely than not be sold or disposed significantly before~~ the ~~end~~Company will ofcontinue ~~its~~as ~~estimated~~a ~~useful~~going ~~life~~concern. ~~Recoverability~~The isCompany ~~assessed~~has ~~based~~obtained onadditional financing through the ~~carrying~~issuance ~~amount~~ of ~~the~~equity ~~asset~~ and ~~its~~advances ~~fair~~from ~~value~~related ~~which~~parties. isIn ~~generally determined based on~~ addition, the ~~sum~~Company ofhas ~~the~~implemented ~~undiscounted~~cost ~~cash~~savings ~~flows~~measures ~~expected~~ to ~~result~~improve ~~from~~operational efficiency. ~~the~~Management ~~use~~believes ~~and~~that ~~the~~these ~~eventual~~actions ~~disposal~~will ofenable the ~~asset,~~Company asto continue ~~well~~ as ~~specific~~a ~~appraisal~~going inconcern ~~certain~~for ~~instances.~~the Annext ~~impairment~~twelve ~~loss~~months from ~~is recognized when~~ the ~~carrying~~date ~~amount~~issuance isof ~~not~~these condensed ~~recoverable~~consolidated ~~and~~financial ~~exceeds fair value~~statements.

~~F-6~~2. Significant Accounting Policies

~~TechMedia~~(a) ~~Advertising,~~Principles ~~Inc. Notes~~of toConsolidation ~~the~~and ~~Condensed~~Basis ~~Consolidated~~of ~~Financial StatementsDecember 31, 2018 (Expressed in U.S. Dollars) (unaudited)~~ Presentation

2The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”) and in conformity with the instructions on Form 10-Q and Rule 8-03 of Regulation S-X and the related rules and regulations of the Securities and Exchange Commission (“SEC”).Accordingly, ~~Significant~~they ~~Accounting~~do ~~Policies~~not include all the information and footnotes required by U.S. GAAP for complete financial statements. However, in the opinion of management, all adjustments (~~continued~~consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Results of operations for the interim periods are not necessarily indicative of the operating results to be attained in the entire fiscal year.

~~(g)~~These ~~Government~~condensed ~~Grants~~consolidated ~~Grants~~financial statements ~~from~~include the ~~government~~accounts ~~are~~of ~~recognized as a receivable at fair value when there is reasonable assurance that~~ the ~~grant~~Company ~~will be received~~ and ~~the~~its ~~Company~~wholly-owned ~~will~~subsidiary, IBASE ~~comply~~Technology ~~with~~Private ~~all~~Limited ~~the attached conditions. Government grants relating to assets are deducted against the carrying amount of the assets.~~ (h“IBASE”) ~~Leases A lease that transfers substantially all of the benefits and risks of ownership is classified as a capital lease. At the inception of a capital lease~~, anThey ~~asset~~also ~~and~~include ~~a payment obligation are recorded at an amount equal to~~ the ~~lesser~~accounts of ~~the present value of the minimum lease payments and the property~~ IBASE’s ~~fair~~wholly-owned ~~market value. Assets classified as capital leases are amortized using the declining balance method~~subsidiary,IBASE ~~over~~Technology ~~their~~International ~~estimated useful lives~~Pte. ~~All other leases are accounted for as operating leases and rental payments are expensed as incurred~~Ltd. (~~i) Financial Instruments and Fair Value Measures ASC 820,~~ “~~Fair Value Measurements and Disclosures~~IBASE International” ~~requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value~~).All ASC 820 establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant tointer-company ~~the~~transactions ~~fair~~and ~~value~~balances ~~measurement.~~have been ~~ASC~~eliminated ~~820~~in ~~prioritizes the inputs into three levels that may be used to measure fair value:~~consolidation.

~~Level~~The 1accompanying unaudited condensed consolidated financial statements and notes should be read in conjunction with the audited financial statements and accompanying notes for the year ended June 30, 2018 included in the Current Report, as amended, on Form 10-12GA filed on November 9, 2018. There have been no significant and material changes in our critical accounting policies and significant judgments and estimates during the three and nine months ended March 31, 2019.

~~Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities.~~ F-5

~~Level~~Qornerstone 2Inc. (formerly Techmedia Advertising, Inc.) Notes to the Condensed Consolidated Financial Statements March 31, 2019 (Expressed in U.S. Dollars) (unaudited)

~~Level~~ 2. ~~applies~~Significant toAccounting assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions Policies(~~less active markets~~continued)~~; or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data.~~

~~Level~~(b) 3Use of Estimates

~~Level~~The 3preparation ~~applies~~of these condensed consolidated financial statements in conformity with U.S.GAAP requires management to ~~assets~~make orestimates and assumptions that affect the reported amounts of assets and liabilities ~~for~~and ~~which~~disclosure ~~there~~of ~~are~~contingent ~~unobservable~~assets ~~inputs~~and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company regularly evaluates estimates and assumptions related to allowance for doubtful accounts, the estimated useful lives and recoverability of property and equipment, and deferred income tax asset valuation ~~methodology~~allowances. The Company bases its estimates and assumptions on ~~that~~current ~~are~~facts, ~~significant~~historical experience and various other factors that it believes to be reasonable under the ~~measurement~~circumstances, the results of which form the ~~fair~~basis for ~~value~~making ofjudgments about the carrying values of assets or and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected.

~~The~~(c) ~~Company’s~~Cash ~~financial instruments consist principally of cash, accounts receivable,~~ and ~~accounts~~Cash payable and accrued liabilities, and amounts due to shareholders. Pursuant to ASC 820, the fair values of cash are determined based on “Level 1” inputs. The recorded values of all other financial instruments approximate their current fair values because of their nature and respective maturity dates or durations. The Company operates in Singapore and its cash is held in Singapore dollars, and there is no significant exposure to foreign currency fluctuations. Equivalents

~~F-7~~The Company considers all highly liquid instruments with a maturity of three months or less at the time of acquisition to be cash equivalents.

~~TechMedia Advertising, Inc. Notes to the Condensed Consolidated Financial StatementsDecember 31, 2018~~ (~~Expressed in U.S. Dollars~~d) ~~(unaudited)~~ Accounts Receivable

2The Company recognizes allowances for doubtful accounts to ensure accounts receivable are not overstated due to the inability or unwillingness of its customers to make required payments. ~~Significant~~The allowance ~~Accounting~~is ~~Policies~~based ~~(continued)~~on the business environment, historical bad debt expense, the age of receivables, and the specific identification of receivables the Company considers at risk. The Company reviews the adequacy of its allowance for doubtful accounts on a regular basis.

(je) ~~Income~~Property ~~Taxes The Company accounts for income taxes using the asset~~ and liability method in accordance with ASC 740, “Income Taxes”. The asset and liability method provides that deferred income tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities, and for operating loss and tax credit carry- forwards. Deferred income tax assets and liabilities are measured using the currently enacted tax rates and laws that will be in effect when the differences are expected to reverse. The Company records a valuation allowance to reduce deferred income tax assets to the amount that is believed more likely than not to be realized. (k) Foreign Currency Translation The Company’s functional currency is the Singapore dollar and its reporting currency is the U.S. dollar. Management has adopted ASC 830, “Foreign Currency Matters”. Monetary assets and liabilities denominated in foreign currencies are translated using the exchange rate prevailing at the balance sheet date. Average monthly rates are used to translate revenues and expenses. Gains and losses arising on translation of foreign currency denominated transactions or balances are included in the statement of operations. The Company uses the current rate method to translate the financial statements to its reporting currency. Accordingly, assets and liabilities are translated into U.S. dollars at the period end exchange rate while revenue and expenses are translated at the average exchange rates during the period. Related exchange gains and losses are included in a separate component of stockholders’ equity as accumulated other comprehensive income. (l) Revenue Recognition The Company derives revenue from the sale of software, product support and maintenance services, and other consulting services. Revenue is recognized when control of products or services is transferred to customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those promised products or services. The Company determines revenue recognition through the following five steps:Equipment

•Property ~~Identification~~and ofequipment ~~the~~consist ~~contract,~~of computer ~~or contracts~~equipment, ~~with~~furniture aand ~~customer~~fixtures, •leasehold ~~Identification~~improvements, ofand ~~the~~office equipmentand ~~performance~~are ~~obligations~~measured inat ~~the~~cost ~~contract~~less •accumulated ~~Determination~~depreciation ofand ~~the~~impairment losses. ~~transaction~~Property ~~price~~and •equipment ~~Allocation~~are ofdepreciated ~~the~~on ~~transaction~~a ~~price~~straight-line tobasis ~~the~~over their ~~performance~~expected ~~obligations~~useful inlife ~~the contract • Recognition of revenue when, or~~ as, ~~performance obligations are satisfied~~follows:

The Company accounts for a contract when it has approval and commitment from both parties, the rights of the parties are identified, payment terms are identified, the contract has commercial substance and collectability of consideration is probable.

Computer equipment		3 years
Furniture and fixtures		5 years
Office equipment		5 years

~~The~~(f) ~~Company~~Impairment ~~enters into contracts that can include various combinations~~ of ~~licenses,~~Long-lived products and services, some of which are distinct and are accounted for as separate performance obligations. For contracts with multiple performance obligations, the Company allocates the transaction price of the contract to each performance obligation, generally on a relative basis using its standalone selling price. Assets

FIn accordance with ASC 360, “Property, Plant, and Equipment”, the Company tests long-8lived assets or asset groups for recoverability when events or changes in circumstances indicate that their carrying amount may not be recoverable. Circumstances which could trigger a review include, but are not limited to: significant decreases in the market price of the asset; significant adverse changes in the business climate or legal factors; accumulation of costs significantly in excess of the amount originally expected for the acquisition or construction of the asset; current period cash flow or operating losses combined with a history of losses or a forecast of continuing losses associated with the use of the asset; and current expectation that the asset will more likely than not be sold or disposed significantly before the end of its estimated useful life. Recoverability is assessed based on the carrying amount of the asset and its fair value which is generally determined based on the sum of the undiscounted cash flows expected to result from the use and the eventual disposal of the asset, as well as specific appraisal in certain instances. An impairment loss is recognized when the carrying amount is not recoverable and exceeds fair value.

~~TechMedia Advertising, Inc. Notes to the Condensed Consolidated Financial StatementsDecember 31, 2018 (Expressed in U.S. Dollars) (unaudited)~~ F-6

2Qornerstone Inc. ~~Significant~~(formerly ~~Accounting~~Techmedia ~~Policies~~Advertising, Inc.) Notes to the Condensed Consolidated Financial Statements March 31, 2019 (~~continued~~Expressed in U.S. Dollars) (unaudited)

~~(m) Employee Benefits The Company make contributions to the Central Provident Fund Scheme in Singapore which is a defined contribution pension scheme~~2. ~~These~~Significant contributions are recognized as compensation expense in the period in which the related service is performed. Employee entitlements to annual leave are recognized as a liability when they accrue to employees. The estimated liability for leave is recognized for services rendered by employees up to the balance sheet date. (n) Earnings Per Share The Company computes earnings per share in accordance with ASC 260, “Earnings per Share”. ASC 260 requires presentation of both basic and diluted earnings per share (“EPS”) on the face of the income statement. Basic EPS is computed by dividing earnings available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period using the treasury stock method and convertible preferred stock using the if-converted method. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all dilutive potential shares if their effect is anti-dilutive. As at December 31, 2018 and 2017, the Company had no potentially dilutive shares outstanding. (o) Comprehensive Income ASC 220, “Comprehensive Income” establishes standards for the reporting and display of comprehensive income and its components in the financial statements. For the years ended December 31, 2018, and 2017, the Company comprehensive income (loss) consists of foreign currency translation gains and losses. (p) Reclassifications Certain of the prior period figures have been reclassified to conform to the current period`s presentation. (q) Recent Accounting ~~Pronouncements On July 1, 2018, the Company adopted ASC Topic 606, “Revenue from Contracts with Customers”~~ Policies(~~“Topic 606”~~continued), using the modified retrospective transition method applied to those contracts which were not completed as of July 1, 2018. Under this method, the Company evaluated contracts that were in effect at the beginning of fiscal 2019 as if those contracts had been accounted for under Topic 606 from the beginning of their terms. The adoption of Topic 606 did not result in a material impact on the Company’s consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, “Leases” (“Topic 842”). The new standard requires lessees to recognize most leases on their balance sheets as lease liabilities with corresponding right- of-use assets and eliminates certain real estate specific provisions. ASU 2016-02 will be effective for fiscal years beginning after December 15, 2018. The Company is still in the process of determining the effect of the adoption of this standard on its consolidated financial statements or the related disclosures.

~~F-9~~(g) Government Grants

~~TechMedia~~Grants ~~Advertising,~~from ~~Inc.~~the government are ~~Notes~~recognized toas ~~the~~a ~~Condensed~~receivable ~~Consolidated~~at ~~Financial~~fair value when there is reasonable assurance that ~~StatementsDecember~~the ~~31,~~grant ~~2018~~will ~~(Expressed~~be inreceived ~~U.S.~~and ~~Dollars)~~the ~~(unaudited)~~Company will comply with all the attached conditions.

2.Government ~~Significant~~grants ~~Accounting~~relating ~~Policies~~to ~~(continued)~~assets are deducted against the carrying amount of the assets.

	(q)	Recent Accounting Pronouncements (continued)
		In January 2017, the FASB issued ASU No. 2017-04, “Intangibles - Goodwill and Other” (“Topic 350”). This standard eliminates step 2 from the annual goodwill impairment test. This update is effective for annual periods beginning after December 15, 2019, and interim periods within those fiscal years, with early adoption permitted, and is to be applied on a prospective basis. The Company does not anticipate that the adoption of this standard will have a significant impact on its consolidated financial statements or the related disclosures.
		In February 2018, the FASB issued ASU No. 2018-02, “Income Statement - Reporting Comprehensive Income” (“Topic 220”): Reclassification of Certain Tax Effect from Accumulated Other Comprehensive Income. This update allows a reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the Tax Cuts and Job Act ("TCJA") enacted in December 2017. This update will be effective for the Company for fiscal years beginning after December 15, 2018 and interim periods within those fiscal years. Early adoption is permitted. The Company does not anticipate that the adoption of this standard will have a significant impact on its consolidated financial statements or the related disclosures.
		In March 2018, the FASB issued ASU No. 2018-05, ”Income Taxes” (“Topic 740”): Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 118. The staff of the SEC recognized the complexity of reflecting the impacts of the TCJA, and on December 22, 2017, issued guidance in Staff Accounting Bulletin 118, which clarifies accounting for income taxes under ASC 740 if information is not yet available or complete and provides for up to a one year period in which to complete the required analysis and accounting (the measurement period). The Company does not anticipate that the adoption of this standard will have a significant impact on its consolidated financial statements or the related disclosures.
		Other recent accounting pronouncements issued by the FASB (including its Emerging Issues Task Force), the American Institute of Certified Public Accountants, and the U.S. Securities and Exchange Commission did not or are not believed by management to have a material impact on the Company’s present or future consolidated financial statements.

(h)

Leases

3.	Acquisition of IBASE Technology Private Limited
	As discussed in Note 1, the closing of the Amended Share Exchange Agreement occurred on December 28, 2018. Pursuant to the terms of the Amended Share Exchange Agreement, the Company acquired all of the issued and outstanding shares of capital stock of IBASE from the shareholders of IBASE in exchange for the issuance of 18,998,211 shares of the Company’s common stock to the shareholders of IBASE on a pro rata basis in accordance with each IBASE shareholders’ percentage ownership in IBASE. In addition, all outstanding IBASE convertible notes automatically converted into 1,821,410 shares of the Company’s common stock. Refer to Note 6.
	The acquisition was a capital transaction in substance and therefore has been accounted for as a recapitalization, which is outside the scope ASC 805, “Business Combinations”. Under recapitalization accounting, IBASE is considered the acquirer for accounting and financial reporting purposes, and acquired the assets and assumed the liabilities of the Company. These consolidated financial statements include the accounts of the Company since the effective date of the recapitalization and the historical accounts of the business of IBASE since inception.
	The assets acquired and liabilities assumed from the Company are as follows:

A lease that transfers substantially all of the benefits and risks of ownership is classified as a capital lease. At the inception of a capital lease, an asset and a payment obligation are recorded at an amount equal to the lesser of the present value of the minimum lease payments and the property’s fair market value. Assets classified as capital leases are amortized using the declining balance method, over their estimated useful lives. All other leases are accounted for as operating leases and rental payments are expensed as incurred.

	$
Accounts payable	(88,745	)
Due to related parties	(199,058	)
Net liabilities assumed	(287,803	)

(i)

Financial Instruments and Fair Value Measures

~~F-10~~ASC 820, “Fair Value Measurements and Disclosures” requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. ASC 820 prioritizes the inputs into three levels that may be used to measure fair value:

~~TechMedia~~Level ~~Advertising, Inc. Notes to the Condensed Consolidated Financial StatementsDecember 31, 2018 (Expressed in U.S. Dollars) (unaudited)~~ 1

4.Level ~~Property~~1 ~~and~~applies ~~Equipment~~to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities.

			Net Book	Net Book
			Value	Value
		Accumulated	December 31,	June 30,
	Cost	Depreciation	2018	2018
	$	$	$	$
Computer equipment	230,770	219,392	11,378	13,432
Furniture and fixtures	25,124	24,231	893	1,080
Office equipment	30,863	30,482	381	516
	286,757	274,105	12,652	15,028

Level 2

5.	Related Party Transactions
	(a)	As at December 31, 2018, the Company owed a total of $516,427 (June 30, 2018 - $235,678) to shareholders of the Company, which is unsecured, non-interest bearing, and due on demand.
	(b)	During the six months ended December 31, 2018, the Company incurred directors' fees of $131,534 (2017 - $132,901) to directors of the Company.

Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data.

6.	Notes Payable
	On March 31, 2018, the Company entered into an amended share exchange agreement (the “Amended Share Exchange Agreement”) with IBASE and all of the shareholders of IBASE, to further amend the closing date as well as to reflect the convertible note financing (the “Convertible Notes”) of IBASE of up to $3,500,000, which upon closing of the Amended Share Exchange Agreement the Convertible Notes would automatically convert into shares of the Company’s common stock at a price of $0.90 per share (up to a maximum of 3,888,889 shares of common stock). These notes were non-interest bearing with a maturity date of three years from the date of their respective date of issuance unless automatically converted sooner.
	As of June 30, 2018, IBASE had convertible notes totaling $1,406,522. IBASE issued additional Convertible Notes totaling $232,747 subsequently. The Convertible Notes automatically converted into common stock of the Company at a price of $0.90 per share upon the closing of the Amended Share Exchange Agreement. Refer to Note 7.
7.	Common Stock

Level 3

	(a)	On December 28, 2018, the Company issued 18,998,211 shares of common stock pursuant to the Amended Share Exchange Agreement. Refer to Note 3.
	(b)	On December 28, 2018, the Company issued 1,821,410 shares of common stock for the conversion of $1,639,269 in convertible notes. Refer to Note 6.

Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.

~~F-11~~The Company’s financial instruments consist principally of cash, accounts receivable, and accounts payable and accrued liabilities, and amounts due to related parties. Pursuant to ASC 820, the fair values of cash are determined based on “Level 1” inputs. The recorded values of all other financial instruments approximate their current fair values because of their nature and respective maturity dates or durations. The Company operates in Singapore and its cash is held in Singapore dollars, and there is no significant exposure to foreign currency fluctuations.

~~Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations~~F-7

~~The~~Qornerstone ~~following~~Inc. ~~management’s discussion and analysis of the Company’s financial condition and results of operations~~ (~~the~~formerly ~~“MD&A”)~~Techmedia ~~contain forward-looking statements that involve risks~~Advertising, ~~uncertainties and assumptions including, among others, statements regarding our capital needs, business plans and expectations~~Inc.) InNotes ~~evaluating these statements, you should consider various factors, including the risks, uncertainties and assumptions set forth in reports and other documents we have filed with or furnished~~ to the ~~SEC~~Condensed ~~and,~~Consolidated ~~including, without~~Financial ~~limitation,~~Statements ~~this~~March ~~Form 10-Q Quarterly Report for the six months ended December~~ 31, ~~2018,~~2019 ~~and~~(Expressed our Form 10 Registration Statement, as amended containing our audited financial statements for the fiscal year ended June 30, 2018 and related notes contained therein. These factors, or any one of them, may cause our actual results or actions in ~~the future to differ materially from any forward-looking statement made in this document~~U. ~~Refer to “Note About Forward-Looking Statements” as disclosed in our Form 8-K filed with the SEC on January 4, 2019 and Risk Factors under Item 2~~S.01 ofDollars) ~~such Form 8-K.~~ (unaudited)

~~General~~2. Significant Accounting Policies(continued)

We(j) ~~were~~Income incorporated in the State of Nevada under the name “Ultra Care, Inc.” on January 30, 2007. Effective February 17, 2009, we completed a merger with our wholly-owned subsidiary, TechMedia Advertising, Inc. As a result, we have changed our name from “Ultra Care, Inc.” to “TechMedia Advertising, Inc.” Taxes

InThe ~~addition,~~Company ~~effective~~accounts ~~February~~for ~~17,~~income ~~2009,~~taxes using wethe ~~effected~~asset aand ~~forward stock~~liability ~~split~~method orin ~~our~~accordance ~~authorized~~with ASC 740, ~~issued~~“Income Taxes”. The asset and ~~outstanding~~liability ~~common~~method ~~stock~~provides onthat adeferred ~~basis~~income oftax ~~one~~assets ~~(1)~~and ~~old~~liabilities ~~share~~are recognized for ~~twenty-two~~the ~~(22)~~expected ~~new~~future ~~shares.~~tax Asconsequences of atemporary ~~result~~differences between the financial reporting and tax bases of assets and liabilities, ~~our~~and ~~authorized~~for operating loss and tax credit carryforwards. Deferred ~~capital~~income ~~increased~~tax ~~from~~assets ~~50,000,000~~and ~~shares~~liabilities ofare ~~common~~measured ~~stock~~using tothe ~~1,100,000,000~~currently ~~shares~~enacted tax ofrates ~~common~~and ~~stock~~laws that will be in effect when the differences are expected to reverse. The Company records a valuation allowance to reduce deferred income tax assets to the amount that is believed more likely than not to be realized.

~~Our~~(k) ~~head~~Foreign ~~and~~Currency principal office is located at 6, Shenton Way #21-08 OUE Downtown, Singapore 068809. Our registered agent in the State of Nevada is Nevada Agency and Transfer Company located at 50 West Liberty Street, Suite 880, Reno, Nevada 89501.Translation

OnThe ~~December~~Company’s ~~16,~~functional ~~2016, we entered into a binding~~ and ~~definitive~~reporting ~~share~~currency ~~exchange~~is ~~agreement (~~the ~~“Share~~U.S. ~~Exchange~~dollar. ~~Agreement”)~~The ~~with~~functional ~~IBASE~~currency ~~Technology Private~~of ~~Limited (“~~IBASE~~”),~~ aand ~~company~~IBASE International ~~organized~~is ~~under~~ the ~~laws of~~ Singapore, ~~and all~~dollar. ofManagement ~~the~~has ~~shareholders~~adopted ofASC ~~IBASE~~830, “Foreign ~~whereby~~Currency weMatters”. ~~agreed~~Monetary toassets ~~acquire~~and ~~100%~~liabilities ~~of the~~denominated ~~issued~~in ~~and~~foreign ~~outstanding~~currencies ~~shares~~are intranslated using the ~~capital~~exchange ofrate ~~IBASE~~prevailing inat ~~exchange for~~ the ~~issuance~~balance ofsheet andate. ~~aggregate~~Average ofmonthly ~~18,998,211~~rates ~~post-reverse~~are ~~stock~~used ~~split~~to ~~shares~~translate ofrevenues ~~our~~and ~~common~~expenses. ~~stock~~Gains toand ~~the~~losses ~~shareholders~~arising ~~of IBASE~~ on atranslation ~~pro~~of ~~rata~~foreign ~~basis in accordance with~~currency ~~each~~denominated ~~IBASE~~transactions ~~shareholders’~~or ~~percentage~~balances ofare ~~ownership~~included in ~~IBASE~~the statement of operations.

OnThe ~~March~~Company ~~31,~~uses ~~2017,~~the wecurrent ~~entered into an extension agreement (the~~rate ~~“Extension~~method ~~Agreement”)~~ to translate the ~~Share~~financial ~~Exchange~~statements ~~Agreement~~of ~~with~~ IBASE and ~~all~~IBASE ofInternational ~~the~~to ~~shareholders~~its ofreporting ~~IBASE~~currency. Accordingly, ~~whereby~~assets ~~the~~and ~~parties~~liabilities ~~agreed~~are totranslated ~~extend~~into U.S. dollars at the ~~Closing~~period ~~Date~~end ~~(as defined~~exchange inrate ~~the~~while ~~Share~~revenue ~~Exchange~~and ~~Agreement)~~expenses toare translated ~~March~~at ~~31,~~the ~~2018~~average ~~and~~exchange rates during the ~~Latest~~period. Related exchange ~~Closing~~gains ~~Date~~and ~~(also~~losses asare ~~defined~~included in ~~the~~a ~~Share~~separate ~~Exchange~~component ~~Agreement)~~of tostockholders’ ~~April~~equity ~~30,~~as ~~2018.~~accumulated other comprehensive income.

~~On September 22, 2017, we effected a reverse stock split of our authorized and outstanding shares of common stock on a basis of one~~ (1l) ~~new share~~Revenue of common stock for each five (5) old shares of common stock. As a result of the reverse stock split, our authorized capital decreased from 1,100,000,000 shares of common stock with a par value of $0.001 per share to 220,000,000 shares of common stock with a par value of $0.001 per share, and correspondingly our issued and outstanding capital decreased from 48,327,371 shares of common stock to approximately 9,665,474 shares of common stock. Recognition

OnThe ~~March~~Company ~~31,~~derives ~~2018,~~revenue wefrom ~~entered into an amended share exchange agreement (~~the ~~“Amended Share Exchange Agreement”) with IBASE and all of the~~ ~~shareholders~~sale of ~~IBASE~~software, ~~whereby~~product ~~the~~support ~~parties~~and ~~agreed~~maintenance ~~to further amend the Closing Date to be on or before December 15~~services, ~~2018~~ and ~~the~~other ~~Latest Closing Date to be~~consulting December 31, 2018, subject to any extensions of 15 days per extension as mutually agreed to by the parties, as well as to reflect the convertible note financing (the “Convertible Notes”) of IBASE of up to US$3,500,000, which upon closing of the Amended Share Exchange Agreement the Convertible Notes will automatically convert into shares of our common stock at a price of US$0services.90 ~~per share (up to a maximum of 3,888,889 shares of our common stock).~~

~~The~~Revenue ~~closing~~is ofrecognized ~~the~~when ~~Amended~~control ~~Share Exchange Agreement occurred on~~of ~~December~~products ~~28,~~or ~~2018.~~services ~~Pursuant~~is transferred to ~~the~~customers, ~~terms~~in ofan ~~the~~amount ~~Amended~~that ~~Share~~reflects ~~Exchange~~the ~~Agreement,~~consideration ~~we acquired all of~~ the ~~issued~~Company ~~and~~expects ~~outstanding~~to ~~shares~~be ofentitled ~~capital~~to ~~stock of IBASE from the shareholders of IBASE~~ in exchange for ~~the~~those ~~issuance~~promised ofproducts ~~18,998,211~~or ~~shares of our common stock to the shareholders of IBASE on a pro rata basis in accordance with each IBASE shareholders’ percentage ownership in IBASE~~services. ~~In addition, we issued an aggregate of 1,821,410 shares of our common stock to the holders of Convertible Notes representing an aggregate of $1,639,269.~~

5The Company determines revenue recognition through the following five steps:

As• aIdentification ~~result~~ of the ~~closing~~contract, ofor ~~the~~contracts, ~~share~~with ~~exchange~~a ~~agreement, IBASE~~customer ~~has~~• ~~become~~Identification ~~our~~of ~~direct~~the ~~wholly-owned~~performance ~~subsidiary~~obligations ~~and~~in the ~~shareholders~~contract ~~of IBASE~~• ~~became~~Determination ~~our~~of ~~shareholders.~~the ~~This~~ transaction isprice ~~commonly~~• ~~referred~~Allocation toof asthe ~~a Reverse~~transaction ~~Take-Over~~price ~~(“RTO”)~~to ~~and~~the ~~effectively~~performance ~~upon~~obligations ~~closing,~~in the ~~IBASE~~contract ~~shareholders held~~• ~~approximately~~Recognition ~~66%~~ of ~~our~~revenue ~~post-closing~~when, ~~outstanding~~or ~~shares~~as, ~~not~~performance ~~including~~obligations ~~any shares~~are ~~issued upon the conversion of convertible notes in IBASE as discussed above.~~ satisfied

~~Description~~The Company accounts for a contract when it has approval and commitment from both parties, the rights of ~~Business~~the parties are identified, payment terms are identified, the contract has commercial substance and collectability of consideration is probable.

~~IBASE~~The isCompany inenters ~~the~~into ~~business~~contracts ofthat can ~~being~~include avarious ~~solution~~combinations ~~provider~~ of ~~cloud-enabled~~ ~~real~~licenses, ~~estate~~products and ~~facility management~~services, ~~financial~~some ~~management,~~of ~~security~~which ~~and~~are ~~enterprise~~distinct ~~turn-key~~and ~~systems/solutions~~are accounted for ~~business-to-government, business-to-business~~as ~~and~~separate ~~business-to-consumer~~performance obligations. For ~~IBASE’s~~contracts ~~web-based~~with ~~management solution~~multiple ~~UBERIQTM~~performance ~~has~~obligations, ~~been~~the ~~adopted~~Company byallocates ~~multiple enterprises~~the ~~internationally.~~transaction ~~The~~price ~~IBASE~~of ~~software~~the ~~technology~~contract isto ~~comprehensive~~each ~~and~~performance ~~represents~~obligation, generally on a ~~cutting~~relative ~~edge~~basis ~~technology~~using ~~made~~its ~~simple~~standalone toselling ~~use~~price.

~~IBASE’s solutions help generate positive gains and returns in the following areas:~~ F-8

•Qornerstone ~~Financial~~Inc. &(formerly ~~Tax~~Techmedia ~~management • Property management • Lease~~Advertising, ~~rental and MCST* management • Facility and asset management • MyTenantWorld Web Portal • Mobile applications *MCST – stands for Management Corporation Strata Title~~Inc.) ItNotes ~~is a company or individual appointed~~ to ~~manage a real estate property that a company or individual owns. Manage of real estate property involves~~ the ~~maintaining~~Condensed ~~good~~Consolidated ~~security,~~Financial ~~upkeep~~Statements ofMarch ~~commercial facilities~~31, ~~regulating~~2019 ~~rules,~~(Expressed ~~etc~~in U.S. ~~IBASE’s~~Dollars) ~~solution aims to improve the operation challenges.~~(unaudited)

~~Results~~2. ofSignificant ~~Operations~~Accounting Policies(continued)

~~The~~(l) ~~following~~Revenue ~~table~~Recognition ~~sets forth our results of operations for the three and six month periods ended December 31, 2018 and 2017:~~ (continued)

	Three months		Three months		Six		Six
	ended		ended		months ended		months ended
	December 31,		December 31,		December 31,		December 31,
	2018		2017		2018		2017
	$		$		$		$
Revenue	244,935		373,558		1,113,089		630,404
Cost of sales	103,303		40,143		480,177		112,333
Gross Profit	141,632		333,415		632,912		518,071
Expenses
Consulting fees	153,181		–		162,635		–
Depreciation	2,761		3,454		5,608		5,848
Directors' fees	62,538		60,927		131,534		132,901
General and administrative	33,000		71,983		43,988		139,530
Professional fees	27,683		12,287		60,032		49,313
Research and development	28,773		–		53,664		–
Rent	14,672		14,295		30,860		31,181
Salaries and benefits	229,984		211,462		481,045		449,720
Net Loss	(410,960	)	(25,833	)	(336,454	)	(275,262	)
Loss Per Share, Basic and Diluted	(0.02	)	-		(0.02	)	(0.01	)

Management assesses the business environment, customers’ financial condition, historical collection experience, accounts receivable aging, and customer disputes to determine whether collectability is reasonably assured. If collectability is not considered reasonably assured at the time of sale, the Company does not recognize revenue until collection occurs.

6Deferred revenue consists primarily of payments received in advance of revenue recognition for subscriptions and professional services and is recognized as the revenue recognition criteria is met.

~~Three~~(m) ~~Months~~Employee ~~Ended December 31, 2018 Compared to Three Months Ended December 31, 2017~~ Benefits

~~Revenues:~~The WeCompany ~~had~~make ~~revenues~~contributions ~~of $244,935 and cost of sales of $103,303 for the three month period ended Dec. 31, 2018 as compared~~ to ~~revenues~~ ~~of $373,558 and cost of sales of $40,143 for~~ the ~~three month period~~ ~~ended~~Central ~~Dec.~~Provident ~~31,~~Fund ~~2017.~~Scheme ~~The decrease~~ in ~~sales~~Singapore ofwhich ~~$128,623~~is ~~was~~a ~~due~~defined ~~to various~~contribution ~~project~~pension ~~billing~~scheme. ~~cycles~~These ~~that~~contributions ~~did~~are ~~not~~recognized ~~fall~~as ~~within~~compensation ~~the~~expense ~~reporting quarter~~ in ~~this~~ ~~case.~~the ~~The~~period ~~increase~~ in ~~cost~~which ofthe ~~sales~~related ~~was~~service ~~due~~is ~~to skillset outsourcing expenditures as external expertise was required~~performed.

~~Consulting~~Employee ~~fees:~~entitlements ~~Consulting~~to ~~fees~~annual ~~were $153,181 and $Nil~~leave ~~for~~are ~~the~~recognized ~~three~~as ~~month~~a ~~periods~~liability ~~ended~~when ~~Dec.~~they ~~31,~~accrue ~~2018~~to ~~and 2017, respectively~~employees. The estimated ~~increase~~liability infor ~~consulting~~leave ~~fees~~is ofrecognized ~~$153,181~~for ~~was~~services ~~due~~rendered toby ~~ongoing~~employees ~~expenses~~up ~~for~~to the ~~reverse~~balance ~~merger~~sheet ~~consultancy services~~date.

~~Directors’~~(n) ~~fees:~~Earnings ~~Directors’~~Per fees were $62,538 and $60,927 for the three month periods ended Dec. 31, 2018 and 2017, respectively. The increase in Directors’ fees of $1,611 was due to SGD/USD exchange rate differences. The effective Directors’ fees for the same three month period remains unchanged.Share

~~General~~The ~~and~~Company ~~administrative~~computes ~~expenses:~~earnings ~~General and~~per ~~administrative~~share ~~expenses~~in ~~were~~accordance ~~$33~~with ASC 260,~~000~~ “Earnings per Share”. ASC 260 requires presentation of both basic and ~~$71,983~~diluted ~~for~~earnings ~~the~~per ~~three~~share ~~month~~(“EPS”) ~~periods~~on the face of ~~ended~~the ~~Dec~~income statement. ~~31,~~Basic ~~2018~~EPS ~~and~~is ~~2017,~~computed ~~respectively~~by dividing earnings available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. ~~The~~Diluted ~~decrease~~EPS ingives ~~general~~effect to all dilutive potential common shares outstanding during the period using the treasury stock method and convertible preferred stock using the if-converted ~~administrative~~method. ~~expenses~~In ofcomputing ~~$38~~diluted EPS,~~983~~ ~~was~~the ~~due~~average tostock aprice ~~reduction~~for the period is used in ~~one-off~~determining ~~payments~~the number of shares assumed to be purchased from the exercise of ~~for~~stock ~~HR,~~options ~~advertising~~or &warrants. ~~promotion,~~Diluted ~~insurance~~EPS excludes all dilutive potential shares if their effect is anti-dilutive. As at March 31, ~~stationery~~2019 and ~~staff~~2018, ~~training~~the Company had no ~~costs~~potentially dilutive shares outstanding.

~~Professional~~(o) ~~fees:~~Comprehensive Professional fees were $27,683 and $12,287 for the three month periods ended Dec. 31, 2018 and 2017, respectively. The increase in professional fees of $15,396 was due to more involvement of the US/Canadian professional firms for the reverse merger process and activities. Income

~~Research~~ASC ~~and~~220, ~~development~~“Comprehensive ~~expenses: Research and~~Income” ~~development~~establishes ~~expenses~~standards ~~were~~for ~~$28,773~~the reporting and ~~$Nil~~display ~~for~~of ~~the~~comprehensive ~~three~~income ~~month periods ended~~and ~~Dec.~~its ~~31,~~components ~~2018~~in ~~and~~the ~~2017,~~financial ~~respectively~~statements. ~~The~~For ~~increase~~the inthree ~~research~~ and ~~development~~nine months ended ~~expenses~~March of31, ~~$28~~2019,~~773~~ ~~was~~and ~~due~~2018, tothe anCompany ~~increase~~comprehensive inincome ~~major~~(loss) ~~R&D~~consists ~~activities during~~of ~~the~~foreign ~~three~~currency ~~month~~translation ~~period~~gains ~~ended~~and ~~Dec~~losses. ~~2018.~~

~~Salaries~~(p) and benefits expenses: Salaries and benefits expenses were $229,984 and $211,462 for the three month periods ended Dec. 31, 2018 and 2017, respectively. The increase in salaries and benefits expenses of $18,522 was due to an increase in headcount to support new business initiatives and plans. Reclassifications

~~Net~~Certain ~~income/loss:~~of ~~The net loss was $410,960 for~~ the ~~three month~~prior period ~~ended~~figures have ~~Dec.~~been ~~31,~~reclassified ~~2018~~to asconform ~~compared~~ to ~~a net loss of $25,833 for~~ the ~~three~~ ~~month~~current period`s ~~ended Dec~~presentation.31, 2017. The increase in net loss of $385,127 resulted primarily from the increase in consulting fees, directors’ fees, professional fees, research and development and salaries and benefits and the decrease in revenue.

~~Six Months Ended December 31, 2018 Compared to Six Months Ended December 31, 2017~~ F-9

~~Revenues:~~Qornerstone ~~We had revenues of $1,113,089 and cost of sales of $480,177 for the six month period ended Dec~~Inc. ~~31,~~(formerly ~~2018~~Techmedia ~~as compared to revenues of $630~~Advertising,~~404~~ ~~and cost of sales of $112,333 for the six month period ended Dec~~Inc.) ~~31,~~Notes ~~2017. The increase in sales of $482,685 was due~~ to ~~recognition of deferred income from~~ the ~~previous~~Condensed ~~financial~~Consolidated ~~year~~Financial ~~and~~Statements ~~also~~March ~~completion of critical project milestones for billings within the six month period ended Dec.~~ 31, ~~2018. The~~2019 ~~increase~~(Expressed in ~~cost of sales was due to skillset outsourcing expenditures as external expertise was required and the purchase of hardware and warranty extension for a key customer~~U.S. Dollars) (unaudited)

72. Significant Accounting Policies (continued)

~~Consulting~~(q) ~~fees:~~Recent ~~Consulting~~Accounting fees were $162,635 and $Nil for the six month periods ended Dec. 31, 2018 and 2017, respectively. The increase in consulting fees of $162,635 was due to ongoing expenses for the reverse merger consultancy services. Pronouncements

~~Directors’~~On ~~fees:~~July ~~Directors’~~1, ~~fees~~2018, ~~were~~the ~~$131,534~~Company ~~and~~adopted ~~$132~~ASC Topic 606,~~901~~ ~~for~~“Revenue from Contracts with Customers” (“Topic 606”), using the modified ~~six~~retrospective ~~month~~transition ~~periods~~method ~~ended~~applied ~~Dec.~~to 31those contracts which were not completed as of July 1, 2018. ~~and~~Under ~~2017~~this method, ~~respectively.~~the Company evaluated ~~The~~contracts ~~decrease~~that were in ~~Directors’~~effect ~~fees~~at the beginning of ~~$1,367~~fiscal ~~was~~2019 ~~due~~as toif ~~SGD/USD~~those contracts ~~exchange~~had ~~rate~~been accounted for under Topic 606 from the beginning of their ~~differences~~terms. The ~~effective~~adoption ~~Directors’~~of ~~fees~~Topic ~~for~~606 ~~the~~did ~~same~~not ~~six~~result ~~month~~in ~~period~~a ~~remains~~material impact on the ~~unchanged~~Company’s consolidated financial statements.

~~General~~In ~~and~~February ~~administrative~~2016, ~~expenses:~~the ~~General~~FASB ~~and~~issued ASU ~~administrative~~2016-02, ~~expenses~~“Leases” ~~were~~(“Topic ~~$43,988~~842”). ~~and~~The ~~$139,530~~new ~~for~~standard ~~the~~requires ~~six~~lessees ~~month~~to ~~periods~~recognize ~~ended~~most ~~Dec.~~leases ~~31,~~on ~~2018~~their ~~and~~balance ~~2017,~~sheets ~~respectively.~~as ~~The~~lease ~~decrease~~liabilities inwith ~~general~~corresponding right-of-use assets and eliminates certain real estate specific provisions. ASU ~~administrative~~2016-02 ~~expenses~~will ofbe ~~$95,542~~effective ~~was~~for ~~due~~fiscal toyears abeginning ~~reduction~~after December 15, 2018. The Company is still in ~~one-off~~the ~~payments~~process of determining the effect of the adoption of ~~for~~this ~~HR,~~standard ~~advertising~~on &its ~~promotion,~~consolidated ~~insurance,~~financial ~~stationery~~statements ~~and~~or ~~staff~~the ~~training~~related ~~costs~~disclosures.

~~Professional~~In ~~fees:~~January ~~Professional~~2017, ~~fees~~the ~~were~~FASB ~~$60~~issued ASU No. 2017-04,~~032~~ “Intangibles - Goodwill and Other” (“Topic 350”). This standard ~~$49,313~~eliminates ~~for~~step 2 from the ~~six~~annual ~~month~~goodwill impairment test. This update is effective for annual periods ~~ended~~beginning ~~Dec.~~after 31December 15, ~~2018~~2019, and ~~2017, respectively.~~interim ~~The~~periods ~~increase~~within inthose ~~professional~~fiscal ~~fees~~years, ofwith ~~$10~~early adoption permitted,~~719~~ ~~was~~and ~~due~~is to ~~more~~be applied ~~involvement~~on ofa prospective basis. The Company does not anticipate that the ~~US/Canadian~~adoption ~~professional~~of ~~firms~~this ~~for~~standard ~~the~~will ~~reverse~~have ~~merger~~a ~~process~~significant ~~and~~impact ~~activities.~~on its consolidated financial statements or the related disclosures.

~~Research~~In ~~and~~February ~~development~~2018, ~~expenses~~the FASB issued ASU No. 2018-02, “Income Statement - Reporting Comprehensive Income” (“Topic 220”): Reclassification ~~Research~~of ~~and~~Certain Tax Effect from Accumulated Other Comprehensive ~~development~~Income. ~~expenses~~This ~~were~~update ~~$53,664~~allows ~~and~~a ~~$Nil~~reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the ~~six~~Tax ~~month~~Cuts ~~periods~~and ~~ended~~Job ~~Dec~~Act ("TCJA") enacted in December 2017. This update ~~31,~~will be effective for the Company for fiscal years beginning after December 15, 2018 and ~~2017,~~interim ~~respectively.~~periods ~~The~~within ~~increase~~those infiscal ~~research~~years. ~~and~~Early ~~development~~adoption is permitted. ~~expenses~~The ofCompany ~~$53,664~~does ~~was~~not ~~due~~anticipate tothat anthe ~~increase~~adoption inof ~~major~~this ~~R&D~~standard ~~activities~~will ~~during~~have a ~~the~~significant ~~six~~impact ~~month~~on ~~period~~its ~~ended~~consolidated ~~Dec.~~financial ~~2018.~~statements or the related disclosures.

~~Salaries~~In ~~and~~March ~~benefits~~2018, ~~expenses~~the FASB issued ASUNo. 2018-05, ”Income Taxes” (“Topic 740”): ~~Salaries~~Amendments ~~and~~to ~~benefits~~SEC Paragraphs Pursuant to ~~expenses~~SEC ~~were~~Staff ~~$481,045~~Accounting ~~and~~Bulletin ~~$449,720~~No. ~~for~~118. The staff of the ~~six~~SEC ~~month~~recognized ~~periods~~the complexity ~~ended~~of ~~Dec.~~reflecting 31the impacts of the TCJA, ~~2018~~ and on December 22, 2017, issued ~~respectively.~~guidance ~~The~~in ~~increase~~Staff inAccounting ~~salaries~~Bulletin ~~and~~118, ~~benefits~~which ~~expenses~~clarifies ofaccounting for ~~$31,325~~income ~~was~~taxes ~~due~~under ASC 740 if information is not yet available or complete and provides for up to ana ~~increase~~one year period in ~~headcount~~which to ~~support~~complete ~~new~~the ~~business~~required ~~initiatives~~analysis and ~~plans~~accounting (the measurement period).The Company does not anticipate that the adoption of this standard will have a significant impact on its consolidated financial statements or the related disclosures.

~~Net~~Other ~~income/loss:~~recent ~~The~~accounting ~~net~~pronouncements issued ~~loss~~by ~~was~~the ~~$336,454~~FASB ~~for~~(including ~~the~~its ~~six month~~Emerging ~~period~~Issues ~~ended~~Task ~~Dec. 31~~Force), ~~2018~~the asAmerican Institute ~~compared~~of toCertified aPublic ~~net loss of $275~~Accountants,~~262~~ ~~for~~and the ~~six~~ ~~month period ended Dec~~U.~~31, 2017~~S. ~~The~~Securities ~~increase~~and inExchange Commission ~~net~~did ~~loss~~not ofor ~~$61,192 resulted~~are ~~primarily~~not ~~from~~believed ~~the~~by ~~increase~~management into ~~consulting~~have ~~fees,~~a ~~professional~~material ~~fees,~~impact ~~research~~on ~~and~~the ~~development~~Company’s ~~and~~present ~~salaries~~or ~~and~~future ~~benefits~~consolidated ~~and~~financial ~~the increase in costs of sales.~~ statements

~~Liquidity and Capital Resources~~ F-10

~~The~~Qornerstone ~~following~~Inc. ~~table~~(formerly ~~sets~~Techmedia ~~out~~Advertising, ~~our~~Inc.) ~~cash~~Notes ~~and~~to ~~working~~the ~~capital~~Condensed asConsolidated ~~of Dec.~~Financial Statements March 31, ~~2018~~2019 ~~and~~(Expressed ~~June~~in ~~30,~~U.S. ~~2018:~~Dollars) (unaudited)

	As of Dec. 31, 2018 (unaudited)	As of June 30, 2018*
Cash reserves	71,217	$128,868
Working capital (deficit)	($605,501)	($234,906)
*Refer to “Principles of Consolidation and Basis of Presentation” in the “Critical Accounting Policies and Use of Estimates” section.

3.	Acquisition of IBASE Technology Private Limited

AsOn atDecember ~~Dec. 31~~16, ~~2018~~2016, ~~our~~the ~~current~~Company entered ~~assets~~into ~~were~~a ~~$243,433~~binding and ~~our~~definitive share exchange agreement (the “Share ~~current~~Exchange ~~liabilities~~Agreement”) ~~were~~with ~~$848~~IBASE,~~934~~ ~~resulting~~a incompany aorganized ~~working~~under ~~capital~~the ~~deficit~~laws of ~~$605~~Singapore,~~501.~~ ~~Our~~and ~~current~~all ~~assets~~of asthe atshareholders ~~Dec.~~of 31IBASE, ~~2018~~whereby ~~consisted~~the Company is to acquire 100% of ~~cash~~the issued and outstanding shares in the capital of ~~$71,217,~~IBASE in ~~accounts~~exchange ~~receivable~~for ~~(net~~the issuance of ~~allowance~~an aggregate of ~~$15~~18,~~517)~~998,211 post-reverse stock split shares of ~~$78,943~~common ~~and~~stock ~~prepaid expenses~~to ~~and~~the ~~deposits~~shareholders of ~~$93,273.~~IBASE ~~Our~~on ~~current~~a ~~liabilities~~pro asrata atbasis ~~Dec.~~in accordance ~~31,~~with ~~2018 consisted~~each ofIBASE ~~accounts~~shareholders’ ~~payable~~percentage ~~and~~of ~~accrued~~ownership ~~liabilities~~in ofIBASE. Effectively ~~$172~~upon closing,~~474,~~ ~~deferred revenue~~IBASE shareholders will hold approximately 66% of ~~$160~~the Company’s post-closing outstanding shares,~~033~~ ~~and~~not ~~due~~including toany ~~related~~shares ~~parties~~issued upon the conversion of ~~$516,427.~~convertible notes in IBASE as discussed below.

AsOn atMarch ~~June 30~~31, ~~2018~~2017, ~~our~~the ~~current~~Company ~~assets were $530,676 and our~~entered ~~current~~into ~~liabilities~~an ~~were~~extension ~~$765,582~~agreement ~~resulting~~(the in“Extension aAgreement”) ~~working~~to ~~capital~~the ~~deficit~~Share ofExchange ~~$234,906.~~Agreement ~~Our~~with ~~current~~IBASE ~~assets~~and asall ~~at June 30, 2018 consisted~~ of ~~cash~~the ofshareholders ~~$128,868, accounts receivable~~ of ~~$121~~IBASE,~~742,~~ ~~deferred~~whereby ~~contract~~the ~~costs~~parties agreed ofto ~~$188,322~~extend ~~and~~the ~~prepaid expenses~~Closing ~~and~~Date ~~deposits~~(as ofdefined ~~$91,744.~~in ~~Our~~the ~~current~~Share ~~liabilities~~Exchange asAgreement) to atMarch ~~June 30~~31, 2018 ~~consisted~~ ofand ~~accounts~~the ~~payable~~Latest ~~and~~Closing ~~accrued~~Date ~~liabilities~~(also ofas ~~$108,726,~~defined ~~deferred revenue~~in ofthe ~~$421,178~~Share Exchange ~~and~~Agreement) ~~due~~ to ~~related~~April ~~parties of $235~~30,~~678.~~ 2018.

~~During~~On ~~the~~March ~~six months ended Dec.~~ 31, 2018, wethe ~~received~~Company anentered ~~aggregate~~into ofan ~~$232,747~~amended share exchange agreement (~~2017:~~the ~~$561,925~~“Amended Share Exchange Agreement”) ~~pursuant~~with toIBASE and all of the ~~issuance~~shareholders of ~~convertible notes~~IBASE, ~~which~~whereby ~~converted~~the parties agreed to further amend the Closing Date to be on or before December 2815, 2018 and ~~along~~the ~~with~~Latest ~~all~~Closing ~~other~~Date ~~outstanding convertible~~to ~~notes~~be ~~into~~December 131,~~821~~ 2018,~~410~~ ~~shares~~subject to any extensions of ~~our~~15 ~~common~~days ~~stock~~per atextension aas ~~price~~mutually ofagreed ~~$0.90 per~~to ~~share~~by the parties, ~~representing~~as anwell ~~aggregate~~as to reflect the convertible note financing (the “Convertible Notes”) of IBASE of up to $13,~~639~~500,~~269~~000, which upon ~~the~~ closing of the Amended Share Exchange Agreement the Convertible Notes will automatically convert into shares of the Company’s common stock at a price of $0.90 ~~The~~per ~~convertible~~share ~~notes~~(up ~~were~~to ~~non-interest~~a maximum of 3,888,889 shares of ~~bearing~~common stock). Refer to Note 6.

8The closing of the Amended Share Exchange Agreement occurred on December 28, 2018. Pursuant to the terms of the Amended Share Exchange Agreement, the Company acquired all of the issued and outstanding shares of capital stock of IBASE from the shareholders of IBASE in exchange for the issuance of 18,998,211 shares of the Company’s common stock to the shareholders of IBASE on a pro rata basis in accordance with each IBASE shareholders’ percentage ownership in IBASE.

~~Our~~The ~~stockholders’~~acquisition ~~deficit~~was asa atcapital transaction ~~Dec.~~in ~~31,~~substance ~~2018~~and ~~was~~therefore ~~$592,849~~has been accounted for as a ~~compared~~recapitalization, towhich ~~our~~is ~~stockholders’~~outside ~~deficit~~the ofscope $1ASC 805,~~626~~ “Business Combinations”. Under recapitalization accounting,~~400~~ atIBASE ~~June~~is 30considered the acquirer for accounting and financial reporting purposes, ~~2018~~and acquired the assets and assumed the liabilities of the Company. These consolidated financial statements include the accounts of the Company since the effective date of the recapitalization and the historical accounts of the business of IBASE since inception.

~~Our~~The ~~plan~~liabilities ofassumed ~~operations~~from ~~over~~ the ~~next twelve months is to focus~~ onCompany ~~the~~are ~~following:~~as follows:

Task		Start	Finish	Duration
			$
Research & Development ($300,000)		Nov. 1, 2018	Oct. 30, 2019	52 weeks
	Accounts payable		(88,745	)
•	Establish a R&D team to develop innovative products and run pilot projects for the industry (e.g. Big Data Analytics, Artificial Intelligence, Machine Learning, IoT Integrations, Service Platforms, etc.)
	Due to related parties		(199,058	)
Branding Exercise ($200,000)
	Net liabilities assumed		(287,803	)
•	Evaluate & Appoint Branding Consultant	Nov. 1, 2018	Nov. 28, 2018	4 weeks
•	Execution of Branding Strategies	Nov. 29, 2018	May 15, 2019	24 weeks
Sales & Marketing ($125,000)
•	Recruitment of Chief Marketing Officer	Nov. 1, 2018	Dec. 26, 2018	8 weeks
•	Chief Marketing Officer to establish business collaborations and strategic partnerships (e.g. Channel Partnerships & resellers for local and overseas markets)	Dec. 27, 2018	Oct. 30, 2019	44 weeks
Technology Team ($300,000)
•	Review compensation schemes for existing technical team	Nov. 1, 2018	Dec. 12, 2018	6 weeks
•	Additional (replacements) headcounts to enhance technology capabilities	Dec. 13, 2018	Feb. 5, 2020	60 weeks
HR Management ($80,000)
•	Engage a HR Consultant to review existing Human Resource Management Processes and Practices	Nov. 1, 2018	Jan. 23, 2019	12 weeks
•	Execute strategies to improve HR Process and Policies and evaluate and appoint outsourcing companies	Jan. 24, 2019	July 10, 2019	24 weeks
•	Outsourcing of Human Resource Management Processes	July 11, 2019	Dec. 25, 2019	24 weeks
Investor Relations & Strategic Financial Advisors ($120,000)
•	Engagement of Investor Relations Consultants to support financing activities	Nov. 1, 2018	Oct. 30, 2019	52 weeks
•	Engagement of Strategic Financial Advisors to support operation strategies	Nov. 1, 2018	Oct. 30, 2019	52 weeks

Therefore, based on the above, we anticipate that we will require a total of approximately $1,125,000 for our plan of operations over the next twelve months. At December 31, 2018, we had cash of $71,217 and a working capital deficit of $605,501. F-11

~~Accordingly,~~Qornerstone ~~we will be required to obtain additional financing in order to pursue our plan of operations for and beyond the next twelve months~~Inc. We ~~are~~(formerly ~~currently~~Techmedia ~~examining ways to finance the anticipated expenditures and operations through equity and/or debt financings~~Advertising, ~~but we currently do not have any firm commitments for financing at this time~~Inc.) WeNotes ~~cannot provide investors with any assurance that we will be able~~ to ~~raise sufficient funding from~~ the ~~sale~~ ofCondensed ~~our~~Consolidated ~~common~~Financial ~~stock~~Statements toMarch ~~fund~~31, ~~the~~2019 ~~build~~(Expressed ~~out~~in ~~of the IBASE business going forward~~U.S. InDollars) the absence of such financing, we will not be able to continue our planned expenditures to grow the IBASE business and we may need to curtail the anticipated plan of operations and our business plan may fail.(unaudited)

94. Property and Equipment

Statement of Cashflows

			Net Book	Net Book
			Value	Value
		Accumulated	March 31,	June 30,
	Cost	Depreciation	2019	2018
	$	$	$	$

Computer equipment	238,408	226,807	11,601	13,432
Furniture and fixtures	25,619	24,724	895	1,080
Office equipment	31,471	31,230	241	516

	295,498	282,761	12,737	15,028

~~During the six month period ended Dec~~5. ~~31,~~Related ~~2018,~~Party our net cash decreased by $57,651 (2017: $453,494), which included net cash used in operating activities of $387,396 (2017: $1,040,924), net cash used in investing activities of $3,248 (2017: $5,848) and net cash provided by financing activities of $314,438 (2017: $651,925). Transactions

Cash Flow used in Operating Activities

	(a)	As at March 31, 2019, the Company owed a total of $692,657(June 30, 2018 - $235,678) to shareholders of the Company, which is unsecured, non-interest bearing, and due on demand.

	(b)	During the ninemonths ended March 31, 2019, the Company incurred directors' fees of $199,258 (2018 - $201,255) to directors of the Company.

~~Operating activities in the six month period ended Dec~~6. ~~31, 2018~~Notes used cash of $387,396 compared to $1,040,924 in the six months ended Dec. 31, 2017. Cash used in operating activities decreased in 2018 as a result of a decrease in accounts receivable of $42,799, an increase in prepaid expenses and deposits or $1,529, a decrease in deferred contract costs of $188,322, a decrease in accounts payable and accrued liabilities of $24,997, an increase in deferred revenue of $261,145, and a net loss during the period of $336,454. Payable

~~Cash~~On ~~Flow~~March ~~used~~31, in2018, ~~Investing~~the ~~Activities~~Company entered into an amended share exchange agreement (the “Amended Share Exchange Agreement”) with IBASE and all of the shareholders of IBASE, to further amend the closing date as well as to reflect the convertible note financing (the “Convertible Notes”) of IBASE of up to $3,500,000, which upon closing of the Amended Share Exchange Agreement the Convertible Notes would automatically convert into shares of the Company’s common stock at a price of $0.90 per share (up to a maximum of 3,888,889 shares of common stock).These notes were non-interest bearing with a maturity date of three years from the date of their respective date of issuance unless automatically converted sooner.

~~During~~As ~~the~~of ~~six~~June ~~month period ended Dec. 31~~30, 2018, ~~investing~~IBASE had ~~activities~~convertible ~~used~~notes ~~cash~~totaling of $31,~~248~~406,522. asIBASE ~~compared~~issued toadditional Convertible Notes totaling $5232,~~848~~747 ~~for~~subsequently. ~~the~~The ~~purchase~~Convertible ofNotes automatically converted ~~property~~into ~~and~~common ~~equipment~~stock ~~during~~of the ~~six~~Company ~~month~~at ~~period~~a ~~ended~~price ~~Dec~~of $0.90 ~~31,~~per ~~2017~~share upon the closing of the Amended Share Exchange Agreement. Refer to Note 7.

~~Cash~~7. ~~Flow~~Common ~~provided by Financing Activities~~ Stock

~~During~~(a) On December 28, 2018, the ~~six~~Company ~~month~~issued ~~period~~18,998,211 ~~ended~~shares ~~Dec~~of common stock pursuant to the Amended Share Exchange Agreement. 31Refer to Note 3. (b) On December 28, 2018, ~~financing activities~~the ~~provided~~Company ~~cash~~issued ~~from~~1,821,410 ~~the~~shares ~~proceeds~~ of ~~notes~~common ~~payable~~stock ~~and~~for ~~related~~the ~~parties~~ conversion of $~~314~~1,~~438~~639,269 asin ~~compared~~convertible notes. Refer to ~~$561~~Note 6. (c) As at March 31,~~925~~ ~~for~~2019, the ~~six~~Company ~~month~~had ~~period~~share ~~ended~~subscriptions ~~Dec~~received of $520,000. 31The Company is to issue 577, ~~2017~~778 shares of common stock at $0.90 per share.

~~Off~~F-~~balance sheet arrangements~~ 12

~~There~~Item ~~are~~2. noManagement’s ~~off-balance~~Discussion ~~sheet~~and ~~arrangements~~Analysis ~~that~~of ~~have~~Financial orCondition ~~are reasonably~~and ~~likely~~Results ~~to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results~~ of ~~operations, liquidity, capital expenditures or capital resources that is material to investors.~~ Operations

~~Subsequent~~The ~~events~~following management’s discussion and analysis of the Company’s financial condition and results of operations (the “MD&A”) contain forward-looking statements that involve risks, uncertainties and assumptions including, among others, statements regarding our capital needs, business plans and expectations. In evaluating these statements, you should consider various factors, including the risks, uncertainties and assumptions set forth in reports and other documents we have filed with or furnished to the SEC and, including, without limitation, this Form 10-Q Quarterly Report for thenine months ended March 31, 2019, and our Form 10 Registration Statement, as amended containing our audited financial statements for the fiscal year ended June 30, 2018 and related notes contained therein. These factors, or any one of them, may cause our actual results or actions in the future to differ materially from any forward-looking statement made in this document. Refer to “Note About Forward-Looking Statements” as disclosed in our Form 8-K filed with the SEC on January 4, 2019 and Risk Factors under Item 2.01 of such Form 8-K.

~~There are no subsequent events to report.~~General

~~Critical~~We ~~Accounting~~were ~~Policies~~incorporated ~~and~~in ~~Use~~the State of ~~Estimates~~Nevada under the name “Ultra Care, Inc.” on January 30, 2007. Effective February 17, 2009, we completed a merger with our wholly-owned subsidiary, TechMedia Advertising, Inc. As a result, we have changed our name from “Ultra Care, Inc.” to “TechMedia Advertising, Inc.”

~~Our~~In ~~financial~~addition, ~~statements~~effective ~~and~~February ~~accompanying~~17, ~~notes~~2009, ~~have~~we ~~been prepared~~effected ina ~~accordance with United States generally accepted accounting~~forward ~~principles~~stock insplit ~~the~~of ~~United~~our ~~States~~authorized, ~~(“GAAP”)~~issued and inoutstanding ~~conformity~~common ~~with~~stock ~~the instructions~~ on ~~Form~~a ~~10-Q~~basis ~~and Rule 8-03~~ of ~~Regulation S-X and the related rules and~~ ~~regulations~~one ~~of the Securities and Exchange Commission~~ (~~“SEC”~~1). ~~Accordingly,~~old ~~they do~~share ~~not include all the information and footnotes required by U.S. GAAP~~ for ~~complete~~ ~~financial~~twenty-two ~~statements. However, in the opinion of management, all adjustments~~ (~~consisting of normal recurring accruals~~22) ~~considered~~new ~~necessary~~shares. ~~for~~As a ~~fair~~ ~~presentation~~result, ~~have~~our ~~been included. Results of operations for the interim~~authorized ~~periods~~capital ~~are~~increased ~~not~~from ~~necessarily~~50,000,000 ~~indicative~~shares of ~~the~~common ~~operating~~stock ~~results~~ to be1,100,000,000 ~~attained~~shares inof ~~the~~common ~~entire fiscal year~~stock.

WeOur ~~regularly~~head ~~evaluate the accounting policies~~ and ~~estimates that~~principal weoffice ~~use~~is tolocated ~~prepare~~at ~~our financial statements. In general~~6, ~~management’s~~Shenton Way ~~estimates~~#21-08 ~~are~~OUE ~~based on historical experience~~Downtown, onSingapore ~~information~~068809. ~~from~~Our ~~third~~registered ~~party professionals,~~agent ~~and~~in onthe ~~various~~State ~~other assumptions that are believed to be~~of ~~reasonable~~Nevada ~~under~~is ~~the~~Nevada ~~facts~~Agency and ~~circumstances.~~Transfer ~~Actual~~Company ~~results~~located ~~could~~at ~~differ~~50 ~~from~~West Liberty Street, ~~those~~Suite ~~estimates~~880, ~~made~~Reno, byNevada ~~management~~89501.

WeOn ~~believe~~December 16, 2016, we entered into a binding and definitive share exchange agreement (the ~~following~~“Share ~~critical~~Exchange ~~accounting~~Agreement”) ~~policies~~with ~~require~~IBASE Technology usPrivate Limited (“IBASE”), a company organized under the laws of Singapore, and all of the shareholders of IBASE, whereby we agreed to ~~make~~acquire ~~significant~~100% ~~judgments~~of the issued and ~~estimates~~outstanding shares in the ~~preparation~~capital of IBASE in exchange for the issuance of an aggregate of 18,998,211 post-reverse stock split shares of our ~~financial~~common ~~statements:~~stock to the shareholders of IBASE on a pro rata basis in accordance with each IBASE shareholders’ percentage of ownership in IBASE.

10On March 31, 2017, we entered into an extension agreement (the “Extension Agreement”) to the Share Exchange Agreement with IBASE and all of the shareholders of IBASE, whereby the parties agreed to extend the Closing Date (as defined in the Share Exchange Agreement) to March 31, 2018 and the Latest Closing Date (also as defined in the Share Exchange Agreement) to April 30, 2018.

~~(a)~~On ~~Principles~~September of22, ~~Consolidation~~2017, ~~and~~we ~~Basis~~effected ofa ~~Presentation~~reverse ~~Our~~stock ~~unaudited~~split ~~condensed consolidated financial statements include the accounts~~ of ~~the~~our authorized ~~Company~~ and ~~its~~outstanding ~~wholly-owned~~shares ~~subsidiaries,~~of ~~IBASE~~common ~~Technology~~stock ~~Private~~on ~~Limited~~a ~~(“IBASE”)~~basis ~~and~~of ~~IBASE~~one ~~Technology International Pte. Ltd.~~ (~~“IBASE International”~~1). ~~All~~new share ~~significant~~of ~~inter-company~~common ~~transactions~~stock and balances have been eliminated in consolidation. The accompanying unaudited condensed financial statements and notes should be read in conjunction with the audited financial statements and accompanying notes for ~~the~~each ~~year~~five ended June 30, 2018 included in our Registration Statement on Form 10, as amended, filed on November 9, 2018. There have been no significant and material changes in our critical accounting policies and significant judgments and estimates during the three and six months ended December 31, 2018, except as described below. (b5) ~~Use~~old ofshares ~~Estimates The preparation~~ of ~~our~~common ~~condensed consolidated financial statements in conformity with U~~stock.S. ~~GAAP~~As ~~requires~~a ~~management to make estimates and assumptions that affect the reported amounts~~ result of ~~assets and liabilities and disclosure of contingent assets and liabilities at~~ the ~~date~~reverse ofstock the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company regularly evaluates estimates and assumptions related to allowance for doubtful accountssplit, ~~the~~our ~~estimated~~authorized ~~useful~~capital ~~lives~~decreased ~~and~~from ~~recoverability of property and equipment~~1, ~~and deferred income tax asset valuation allowances. The Company bases its estimates and assumptions on current facts~~100, ~~historical experience and various other factors that it believes to be reasonable under the circumstances~~000,000 shares ~~the results~~ of ~~which~~common ~~form~~stock ~~the~~with ~~basis~~a ~~for~~par ~~making~~value ~~judgments about the carrying values~~ of ~~assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources~~$0.001 ~~The~~per ~~actual~~share ~~results~~to ~~experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results~~220,000,000 shares ~~future results~~ of ~~operations~~common ~~will~~stock ~~be affected. (c) Cash and Cash Equivalents We consider all highly liquid instruments~~ with a ~~maturity~~par ofvalue ~~three months or less at the time~~ of ~~acquisition to be cash equivalents~~$0.001 Asper ~~at June 30~~share, ~~2018~~ and ~~2017, we had no cash equivalents. (d) Accounts Receivable We recognize allowances for doubtful accounts to ensure accounts receivable are not overstated due to the inability or unwillingness of~~ correspondingly our ~~customers~~issued toand ~~make~~outstanding ~~required~~capital ~~payments.~~decreased ~~The~~from ~~allowance is based on the business environment~~48, ~~historical bad debt expense~~327,371 ~~the~~shares ~~age~~ of ~~receivables,~~common stock ~~and~~to ~~the~~approximately specific identification of receivables we consider at risk. We review the adequacy of its allowance for doubtful accounts on a regular basis. (e) Property and Equipment Property and equipment consist of computer equipment9, ~~furniture and fixtures~~665,474 ~~leasehold~~shares ~~improvements,~~of ~~and~~common ~~office equipment and are measured at cost less accumulated depreciation and impairment losses~~stock. ~~Property and equipment are depreciated on a straight-line basis over their expected useful life as follows:~~

Computer equipment	3 years
Furniture and fixtures	5 years
Office equipment	5 years

On March 31, 2018, we entered into an amended share exchange agreement (the “Amended Share Exchange Agreement”) with IBASE and all of the shareholders of IBASE, whereby the parties agreed to further amend the Closing Date to be on or before December 15, 2018 and the Latest Closing Date to be December 31, 2018, subject to any extensions of 15 days per extension as mutually agreed to by the parties, as well as to reflect the convertible note financing (the “Convertible Notes”) of IBASE of up to US$3,500,000, which upon closing of the Amended Share Exchange Agreement the Convertible Notes will automatically convert into shares of our common stock at a price of US$0.90 per share (up to a maximum of 3,888,889 shares of our common stock).

~~(f)~~The ~~Impairment~~closing of ~~Long-lived~~the ~~Assets~~Amended InShare ~~accordance~~Exchange ~~with~~Agreement ~~ASC~~occurred ~~360,~~on December ~~“Property~~28, ~~Plant, and Equipment”, the Company tests long-lived assets or asset groups for recoverability when events or changes in circumstances indicate that their carrying amount may not be recoverable~~2018. ~~Circumstances~~Pursuant ~~which could trigger a review include, but are not limited~~ to: ~~significant decreases in~~ the ~~market~~terms ~~price~~ of the ~~asset;~~Amended ~~significant~~Share ~~adverse~~Exchange Agreement, ~~changes~~we inacquired ~~the~~all ~~business~~of ~~climate~~the orissued ~~legal~~and ~~factors;~~outstanding ~~accumulation~~shares of ~~costs~~capital ~~significantly in excess~~ stock of ~~the~~IBASE ~~amount~~from ~~originally expected for~~ the ~~acquisition~~shareholders ~~or construction~~ of ~~the~~IBASE ~~asset;~~in ~~current~~exchange ~~period~~for ~~cash~~the issuance ~~flow or operating losses combined with a history~~ of ~~losses~~18,998,211 orshares ~~a forecast~~ of ~~continuing~~our ~~losses~~common ~~associated~~stock ~~with~~to the ~~use~~shareholders of ~~the~~IBASE on ~~asset;~~a ~~and~~pro ~~current~~rata ~~expectation~~basis ~~that~~in ~~the~~accordance ~~asset~~with ~~will~~each ~~more~~IBASE ~~likely~~shareholders’ ~~than~~percentage ownership ~~not~~in ~~be sold or disposed significantly before the end of its estimated useful life~~IBASE. ~~Recoverability~~In isaddition, ~~assessed~~we ~~based~~issued onan ~~the~~aggregate ~~carrying amount~~ of ~~the~~1,821,410 ~~asset~~shares ~~and its fair value which is generally determined based on the sum~~ of our ~~the~~common ~~undiscounted~~stock ~~cash flows expected~~ to ~~result from~~ the ~~use~~holders ~~and the eventual disposal~~ of ~~the~~Convertible ~~asset,~~Notes asrepresenting ~~well~~an asaggregate of ~~specific appraisal in certain instances~~$1,639,269. ~~An impairment loss is recognized when the carrying amount is not recoverable and exceeds fair value.~~

11 5

~~(g)~~As ~~Government Grants Grants from the government are recognized as~~ a ~~receivable~~result at fair value when there is reasonable assurance that the grant will be received and the Company will comply with all the attached conditions. Government grants relating to assets are deducted against the carrying amount of the ~~assets.~~closing ~~(h) Leases A lease that transfers substantially all~~ of the ~~benefits~~share ~~and~~exchange ~~risks of ownership is classified as a capital lease. At the inception of a capital lease~~agreement, IBASE anhas ~~asset~~become ~~and~~our adirect ~~payment~~wholly-owned ~~obligation~~subsidiaryand ~~are recorded at an amount equal to~~ the ~~lesser~~shareholders of ~~the~~IBASE became ~~present~~our ~~value of the minimum lease payments and the property’s fair market value~~shareholders. ~~Assets~~This ~~classified~~transaction asis ~~capital~~commonly ~~leases~~referred ~~are~~to ~~amortized using the declining balance method, over their estimated useful lives. All other leases are accounted for~~ as ~~operating~~a ~~leases~~Reverse Take-Over ~~and rental payments are expensed as incurred.~~ (i“RTO”) ~~Financial Instruments~~ and ~~Fair~~effectively ~~Value~~upon ~~Measures ASC 820~~closing, ~~“Fair Value Measurements and Disclosures” requires an entity to maximize~~ the ~~use~~IBASE ofshareholders ~~observable~~held approximately ~~inputs~~66% ~~and minimize the use~~ of ~~unobservable~~our ~~inputs~~post-closing ~~when~~outstanding ~~measuring fair value. ASC 820 establishes a fair value hierarchy based on the level of independent~~shares, ~~objective~~not ~~evidence~~including ~~surrounding~~any shares ~~the~~issued ~~inputs used to measure fair value. A financial instrument’s categorization within the fair value hierarchy is based~~ upon the ~~lowest~~conversion ~~level~~ of ~~input~~convertible ~~that~~notes isin ~~significant~~IBASE toas ~~the fair value measurement~~discussed above. ~~ASC 820 prioritizes the inputs into three levels that may be used to measure fair value:~~

~~Level~~On 1March 12, 2019, we incorporated a wholly-owned subsidiary named “Qornerstone Inc.” for the purpose of completing a merger of such subsidiary with and into the Company to change our name. Effective March 15, 2019, we completed a merger with our wholly-owned subsidiary, Qornerstone Inc. As a result, we have changed our name from “TechMedia Advertising, Inc.” to “Qornerstone Inc.”

~~Level~~Description 1of ~~applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities.~~ Business

~~Level~~IBASE 2is in the business of being a solution provider of cloud-enabled real estate and facility management, financial management, security and enterprise turn-key systems/solutions for business-to-government, business-to-business and business-to-consumer. IBASE’s web-based management solution UBERIQTM has been adopted by multiple enterprises internationally. The IBASE software technology is comprehensive and represents cutting edge technology made simple to use.

~~Level~~IBASE’s 2solutions ~~applies~~help togenerate ~~assets~~positive ~~or liabilities~~gains ~~for~~and ~~which~~returns ~~there are inputs other than quoted prices that are~~in ~~observable for~~ the ~~asset~~following or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data. areas:

~~Level~~• 3Financial & Tax management • Property management • Lease, rental and MCST* management • Facility and asset management • MyTenantWorld Web Portal • Mobile applications

~~Level~~*MCST 3– ~~applies~~stands tofor ~~assets or~~Management ~~liabilities~~Corporation ~~for~~Strata ~~which~~Title. ~~there~~It ~~are~~is ~~unobservable~~a ~~inputs~~company toor ~~the~~individual ~~valuation~~appointed ~~methodology~~to manage a real estate property that ~~are~~a ~~significant~~company toor ~~the~~individual ~~measurement~~owns. Manage of real estate property involves the ~~fair~~maintaining ~~value~~good ofsecurity, ~~the~~upkeep ~~assets~~of orcommercial ~~liabilities~~facilities, regulating rules, etc. IBASE’s solution aims to improve the operation challenges.

		Our financial instruments consist principally of cash, accounts receivable, and accounts payable and accrued liabilities, and amounts due to shareholders. Pursuant to ASC 820, the fair values of cash are determined based on “Level 1” inputs. The recorded values of all other financial instruments approximate their current fair values because of their nature and respective maturity dates or durations. The Company operates in Singapore and its cash is held in Singapore dollars, and there is no significant exposure to foreign currency fluctuations.
	(j)	Income Taxes
		Our accounts for income taxes using the asset and liability method in accordance with ASC 740, “Income Taxes”. The asset and liability method provides that deferred income tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities, and for operating loss and tax credit carryforwards. Deferred income tax assets and liabilities are measured using the currently enacted tax rates and laws that will be in effect when the differences are expected to reverse. The Company records a valuation allowance to reduce deferred income tax assets to the amount that is believed more likely than not to be realized.

Results of Operations

12The following table sets forth our results of operations for the three and ninemonth periods ended March 31, 2019 and 2018:

	(k)	Foreign Currency Translation
		Three months		Three months		Nine months
		Our functional currency is the Singapore dollar and its reporting currency is the U.S. dollar. Management has adopted ASC 830, “Foreign Currency Matters”. Monetary assets and liabilities denominated in foreign currencies are translated using the exchange rate prevailing at the balance sheet date. Average monthly rates are used to translate revenues and expenses. Gains and losses arising on translation of foreign currency denominated transactions or balances are included in the statement of operations.
		ended		ended		ended		Nine months
		We use the current rate method to translate the financial statements to its reporting currency. Accordingly, assets and liabilities are translated into U.S. dollars at the period end exchange rate while revenue and expenses are translated at the average exchange rates during the period. Related exchange gains and losses are included in a separate component of stockholders’ equity as accumulated other comprehensive income.
		March 31,		March 31,		March 31,		ended
	(l)	Revenue Recognition
		2019		2018		2019		March 31, 2018
		The Company derives revenue from the sale of software, product support and maintenance services, and other consulting services.
		$		$		$		$
		Revenue is recognized when control of products or services is transferred to customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those promised products or services.
Revenue		361,916		251,664		1,475,005		671,127
		The Company determines revenue recognition through the following five steps:
Cost of sales		52,984		27,540		533,161		139,873
Gross Profit		308,932		224,124		941,844		531,254
Expenses
Advertising fees		15,644		–		15,644		–
Consulting fees		342,211		–		504,846		–
Depreciation		3,263		3,607		8,871		9,455
Directors' fees		67,724		68,354		199,258		201,255
General and administrative		70,329		45,000		114,317		185,421
Professional fees		65,456		25,770		125,488		75,083
Research and development		23,691		–		77,355		–
Rent		15,890		16,036		46,750		47,217
Salaries and benefits		300,916		265,348		781,961		715,075
Other income		-		4,917		-		21,972
Income tax recovery (expense)		2,676		(18	)	2,676		(1,913	)
Net Loss		(593,516	)	(195,092	)	(929,970	)	(682,193	)
Loss Per Share, Basic and Diluted		(0.02	)	(0.01	)	(0.04	)	(0.04	)

• Identification of the contract, or contracts, with a customer • Identification of the performance obligations in the contract • Determination of the transaction price • Allocation of the transaction price to the performance obligations in the contract • Recognition of revenue when, or as, performance obligations are satisfied6

		The Company accounts for a contract when it has approval and commitment from both parties, the rights of the parties are identified, payment terms are identified, the contract has commercial substance and collectability of consideration is probable.
		The Company enters into contracts that can include various combinations of licenses, products and services, some of which are distinct and are accounted for as separate performance obligations. For contracts with multiple performance obligations, the Company allocates the transaction price of the contract to each performance obligation, generally on a relative basis using its standalone selling price.
	(m)	Employee Benefits
		We make contributions to the Central Provident Fund Scheme in Singapore which is a defined contribution pension scheme. These contributions are recognized as compensation expense in the period in which the related service is performed.
		Employee entitlements to annual leave are recognized as a liability when they accrue to employees. The estimated liability for leave is recognized for services rendered by employees up to the balance sheet date.
	(n)	Earnings Per Share
		We compute earnings per share in accordance with ASC 260, “Earnings per Share”. ASC 260 requires presentation of both basic and diluted earnings per share (“EPS”) on the face of the income statement. Basic EPS is computed by dividing earnings available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period using the treasury stock method and convertible preferred stock using the if-converted method. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all dilutive potential shares if their effect is anti-dilutive. As at December 31, 2018 and 2017, the Company had no potentially dilutive shares outstanding.

Three Months Ended March 31, 2019 Compared to Three Months Ended March 31, 2018

13Revenues: We had revenues of $361,916 and cost of sales of $52,984 for the three month period ended March 31, 2019 as compared to revenues of $251,664 and cost of sales of $27,540 for the three month period ended March 31, 2018. The increase in revenue of $110,252 was due to an increase in sales generated from new contracts for the three month period ended March 31, 2019.The increase in cost of sales was due to skillset outsourcing expenditures as external expertise was required for the project deliverables.

	(o)	Comprehensive Income
		ASC 220, “Comprehensive Income” establishes standards for the reporting and display of comprehensive income and its components in the financial statements. For the years ended December 31, 2018, and 2017, the Company comprehensive income (loss) consists of foreign currency translation gains and losses.
	(p)	Reclassifications
		Certain of the prior period figures have been reclassified to conform to the current period`s presentation.

Advertising fees: Advertising fees were $15,644 and $Nil for the three month periods ended March 31, 2019 and 2018, respectively. The increase in advertising fees of $15,644 was due to the start of advertising of our services to assist with increasing sales, which is in conjunction with our planned rebranding and marketing strategies.

~~Recent~~Consulting ~~Accounting~~fees: ~~Pronouncements~~Consulting fees were $342,211 and $Nil for the three month periods ended March 31, 2019 and 2018, respectively. The increase in consulting fees of $342,211 was due to ongoing consulting services expenses related to the reverse merger.

OnDirectors’ ~~July~~fees: 1,Directors’ ~~2018,~~fees ~~the~~were ~~Company adopted ASC Topic 606~~$67,724 ~~“Revenue~~and ~~from Contracts with Customers” (“Topic 606”)~~$68,354 ~~using~~for the ~~modified~~three ~~retrospective transition~~month ~~method~~periods ~~applied~~ended toMarch ~~those~~31, ~~contracts~~2019 ~~which~~and ~~were not completed as of July 1~~2018, ~~2018~~respectively. The ~~Under~~decrease ~~this method, the Company evaluated contracts that were~~ in ~~effect at~~Directors’ ~~the~~fees ~~beginning~~ of ~~fiscal~~$630 ~~2019~~was asdue ifto ~~those~~SGD/USD ~~contracts~~exchange ~~had been accounted for~~rate ~~under Topic 606 from the beginning of their terms~~differences. The ~~adoption~~effective ofDirectors’ ~~Topic~~fees ~~606~~for ~~did not result in a material impact on~~ the ~~Company’s~~same ~~unaudited~~three ~~condensed~~month period ~~consolidated~~remains ~~financial statements~~unchanged.

InGeneral ~~February~~and ~~2016,~~administrative ~~the~~expenses: ~~FASB~~General ~~issued ASU 2016-02, “Leases” (“Topic~~and ~~842”).~~administrative ~~The~~expenses ~~new~~were ~~standard~~$70,329 ~~requires~~and ~~lessees~~$45,000 tofor ~~recognize~~the ~~most~~three ~~leases~~month ~~on their~~periods ~~balance~~ended ~~sheets~~March as31, ~~lease~~2019 ~~liabilities with corresponding right-of-use assets~~ and ~~eliminates~~ ~~certain~~2018, ~~real estate specific provisions~~respectively. ~~ASU~~The ~~2016-02~~increase ~~will~~in begeneral and ~~effective~~administrative ~~for~~expenses ~~fiscal~~of ~~years~~$25,329 ~~beginning~~was ~~after~~due ~~December~~to ~~15,~~payment ~~2018.~~of ~~The~~freelancers ~~Company is~~and ~~still~~part-time inemployee ~~the~~costs, ~~process~~subscription of ~~determining~~services, ~~the~~staff ~~effect~~welfare ofand ~~the adoption of this standard~~insurance onfor ~~its~~the ~~consolidated~~three ~~financial~~month ~~statements~~period orended ~~the~~March ~~related~~31, ~~disclosures~~2019.

InProfessional ~~January~~fees: ~~2017,~~Professional ~~the~~fees ~~FASB~~were ~~issued ASU No. 2017-04~~$65,456 ~~“Intangibles~~and -$25,770 ~~Goodwill~~for ~~and Other” (“Topic 350”). This standard eliminates step 2 from~~ the ~~annual~~ ~~goodwill~~three ~~impairment~~month ~~test. This update is effective for annual~~ periods ~~beginning~~ ~~after~~ended ~~December~~March 1531, 2019, and ~~interim~~2018, ~~periods~~respectively. The ~~within~~increase ~~those~~in ~~fiscal years,~~professional ~~with~~fees ~~early~~of ~~adoption permitted~~$39,686 ~~and~~was isdue to bemore ~~applied~~involvement onof ~~a prospective~~the ~~basis.~~US/Canadian ~~The~~professional ~~Company~~firms ~~does~~for ~~not anticipate that~~ the ~~adoption~~reverse ofmerger ~~this~~process ~~standard will~~and ~~have a significant impact on its consolidated financial statements or the related disclosures~~activities.

InResearch ~~February~~and ~~2018,~~development ~~the FASB issued ASU No. 2018-02, “Income Statement - Reporting Comprehensive Income” (“Topic 220”)~~expenses: ~~Reclassification~~Research ofand ~~Certain~~development ~~Tax~~expenses ~~Effect~~were ~~from~~$23,691 ~~Accumulated~~and ~~Other~~$Nil ~~Comprehensive Income. This update allows a reclassification from accumulated other comprehensive income to retained earnings~~ for ~~stranded tax effects resulting from~~ the ~~Tax~~three ~~Cuts~~month ~~and~~periods ~~Job~~ended ~~Act~~March ~~("TCJA")~~31, ~~enacted~~2019 inand ~~December~~2018, ~~2017~~respectively. ~~This~~The ~~update~~increase ~~will~~in beresearch ~~effective~~and ~~for the~~development ~~Company~~expenses ~~for~~of ~~fiscal years beginning after December 15~~$23,691 ~~2018~~was ~~and~~due ~~interim~~to ~~periods within~~an ~~those~~increase ~~fiscal~~in ~~years.~~major ~~Early~~R&D ~~adoption~~activities ~~is permitted. The Company does not~~during ~~anticipate that~~ the ~~adoption~~three ofmonth ~~this~~period ~~standard~~ended ~~will~~March ~~have~~31, ~~a significant impact on its consolidated financial statements or the related disclosures~~2019.

InSalaries ~~March~~and ~~2018,~~benefits ~~the FASB issued ASU No. 2018-05, “Income Taxes” (“Topic 740”)~~expenses: ~~Amendments~~Salaries toand ~~SEC Paragraphs Pursuant to SEC Staff Accounting~~benefits ~~Bulletin~~expenses ~~No.~~were ~~118.~~$300,916 ~~The~~and ~~staff~~$265,348 offor the ~~SEC~~three ~~recognized~~month ~~the~~periods ~~complexity~~ended ofMarch ~~reflecting~~31, ~~the~~2019 ~~impacts of the TCJA,~~ and ~~on December 22~~2018, ~~2017,~~respectively. ~~issued~~The ~~guidance~~increase in ~~Staff Accounting~~salaries ~~Bulletin~~and ~~118,~~benefits ~~which~~expenses ~~clarifies accounting for income taxes under ASC~~of ~~740~~$35,568 ifwas ~~information~~due ~~is not yet available or complete and provides for up~~ to aan ~~one year~~increase ~~period~~ in ~~which~~headcount to ~~complete~~support ~~the~~new ~~required~~business ~~analysis~~ initiatives and ~~accounting (the measurement period)~~plans. ~~The Company does not anticipate that the adoption of this standard will have a significant impact on its consolidated financial statements or the related disclosures.~~

Other recent accounting pronouncements issued by the FASB (including its Emerging Issues Task Force), the American Institute of Certified Public Accountants, and the U.S. Securities and Exchange Commission did not or are not believed by management to have a material impact on the Company’s present or future consolidated financial statements. 7

14Net income/loss: The net loss was $593,516 for the three month period ended March 31, 2019 as compared to a net loss of $195,092 for the three month period ended March 31, 2018. The increase in net loss of $398,424 resulted primarily from the increase in advertising, consulting fees, general and administrative expenses, professional fees, research and development and salaries and benefitsand the increase in costs of sales.

~~Item~~Nine 3.Months ~~Quantitative~~Ended ~~and~~March ~~Qualitative~~31, ~~Disclosures~~2019 ~~About~~Compared ~~Market~~to ~~Risk~~Nine Months Ended March 31, 2018

Revenues: We ~~are~~had arevenues ~~smaller~~of ~~reporting~~$1,475,005and ~~company~~cost of sales of $533,161 for the nine month period ended March 31, 2019 as ~~defined~~compared byto revenues ~~Rule~~of ~~12b-2~~$671,127 and cost of sales of $139,873 for the ~~Exchange~~nine ~~Act~~month ~~and~~period ended ~~are~~March ~~not~~31, ~~required~~2018. The increase in sales of $803,878 was due to ~~provide~~recognition of deferred income from the ~~information~~previous ~~required~~financial ~~under~~year and also increase in sales ~~this~~and ~~item~~projects for the nine month period ended March 31, 2019. The increase in cost of sales was due to skillset outsourcing expenditures as external expertise was required for the project deliverables.

~~Item~~Advertising 4fees: Advertising fees were $15,644 and $Nil for the nine month periods ended March 31, 2019 and 2018, respectively. ~~Controls~~The increase in advertising fees of $15,644 was due to the start of advertising of our services to assist with increasing sales, which is in conjunction with our planned rebranding and ~~Procedures~~marketing strategies.

~~Evaluation~~Consulting offees: ~~Disclosure~~Consulting ~~Controls~~fees were $504,846 and ~~Procedures~~$Nil for the nine month periods ended March 31, 2019 and 2018, respectively. The increase in consulting fees of $504,846 was due to ongoing consulting services expenses related to the reverse merger.

~~The Company~~Directors’s ~~management,~~fees: ~~with the participation of the Company~~Directors’s ~~Chief~~fees ~~Executive~~were ~~Officer~~$199,258 and ~~Chief Financial Officer~~ $201,255 ~~has~~for ~~evaluated~~ the ~~effectiveness~~ ofnine ~~the~~month ~~Company’s~~periods ~~disclosure~~ended ~~controls~~March ~~and~~31, ~~procedures~~2019 asand ~~of December 31~~2018, ~~2018~~respectively. The ~~Based~~decrease onin ~~that~~Directors’ ~~evaluation~~fees of $1,997 ~~the~~was ~~Company’s~~due ~~Chief~~to ~~Executive~~SGD/USD ~~Officer~~exchange ~~and~~rate ~~Chief~~differences. ~~Financial~~The ~~Officer~~effective ~~concluded~~Directors’ ~~that~~fees for the ~~Company’s~~same ~~disclosure~~nine ~~controls~~month ~~and~~period ~~procedures~~remains ~~were effective as of December 31, 2018~~unchanged.

~~There~~General and administrative expenses: General and administrative expenses were no$114,317 ~~material~~and ~~changes~~$185,421 infor the ~~Company’s~~nine ~~internal~~month periods ~~control~~ended ~~over~~March ~~financial~~31, ~~reporting~~2019 ~~during~~and ~~our~~2018, ~~fiscal~~respectively. ~~quarter~~The ~~ended~~decrease ~~December~~in 31general and administrative expenses of $71,104was due to a reduction in one-off payments for ~~2018~~foreign currency losses, recruitment fees, IT equipment purchases and travelling expenses.

~~PART~~Professional IIfees: –Professional ~~OTHER~~fees ~~INFORMATION~~were $125,488 and $75,083 for the nine month periods ended March 31, 2019 and 2018, respectively. The increase in professional fees of $50,405 was due to more involvement of the US/Canadian professional firms for the reverse merger process and activities.

~~Item~~Research 1and development expenses: Research and development expenses were $77,355 and $Nil for the nine month periods ended March 31, 2019 and 2018, respectively. ~~Legal~~The ~~Proceedings~~increase in research and development expenses of $77,355 was due to an increase in major R&D activities during the nine month period ended March 31, 2019.

~~The~~Salaries ~~Company~~and isbenefits ~~not~~expenses: aSalaries ~~party~~and ~~to any pending legal proceeding. We~~benefits ~~are~~expenses ~~not~~were ~~aware~~$781,961 ofand ~~any~~$715,075 ~~pending~~for ~~legal~~the ~~proceeding~~nine tomonth ~~which~~periods ~~any~~ended ofMarch ~~our officers~~31, ~~directors,~~2019 ~~affiliates~~and or2018, ~~any~~respectively. ~~beneficial~~The ~~holders~~increase ofin 5%salaries orand ~~more~~benefits ofexpenses ~~our voting~~of ~~securities~~$66,886 ~~are~~was ~~adverse~~due to usan orincrease ~~have~~in aheadcount ~~material~~to ~~interest~~support ~~adverse~~new tobusiness ~~us.~~initiatives and plans.

~~Item~~Net 1Aincome/loss: The net loss was $929,970 for the nine month period ended March 31, 2019 as compared to a net loss of $682,193 for the nine month period ended March 31, 2018. ~~Risk~~The ~~Factors~~increase in net loss of $247,777 resulted primarily from the increase in advertising, consulting fees, professional fees, research and development and salaries and benefitsand the increase in costs of sales.

~~We are a smaller reporting company as defined by Rule 12b-2 of the Exchange Act and are not required to provide the information required under this item.~~ 8

~~Item~~Liquidity ~~2. Unregistered Sales of Equity Securities~~ and ~~Use~~Capital ~~of Proceeds~~Resources

~~During~~The ~~our fiscal quarter ended December 31, 2018, we issued the~~ following ~~securities~~table ~~that~~sets ~~were~~out ~~not~~our ~~registered~~cash ~~under~~and ~~the~~working ~~Securities~~capital ~~Act~~as of ~~1933~~March 31, as2019 ~~amended~~and ~~(the~~June ~~“Securities~~30, ~~Act”)~~2018:

On October 1, 2018, IBASE issued $25,000.00 in convertible notes to one individual pursuant to a private placement, which notes mature three years from the date of issuance and subject to an automatic earlier conversion pursuant to the Share Exchange Agreement whereby the notes will be converted into shares of common stock of the Company at a conversion price of $0.90 per share upon completion of the Share Exchange Agreement. IBASE relied on exemptions from registration under Regulation S promulgated under the Securities Act for the issuance as the securities were issued to the individual through an offshore transaction which was negotiated and consummated outside of the United States.

	As of March 31, 2019			As of June 30, 2018*
	(unaudited)
Cash reserves	95,188		$	128,868
Working capital (deficit)	($659,179	)		($234,906	)
*Refer to “Principles of Consolidation and Basis of Presentation” in the “Critical Accounting Policies and Use of Estimates” section.

OnAs ~~October~~at 3,March ~~2018~~31, ~~IBASE issued $50~~2019,~~000.00~~ inour ~~convertible~~current ~~notes~~assets towere ~~two individuals pursuant to a private placement~~$330,552 ~~which~~and ~~notes mature three years~~our ~~from~~current ~~the~~liabilities ~~date~~were of$989,731 ~~issuance~~resulting ~~and~~in ~~subject~~a toworking ancapital ~~automatic~~deficit ~~earlier conversion~~of ~~pursuant~~$659,179. toOur ~~the~~current ~~Share~~assets ~~Exchange~~as ~~Agreement~~at ~~whereby~~March ~~the~~31, ~~notes~~2019 ~~will~~consisted beof ~~converted into~~cash ~~shares~~ of ~~common~~$95,188, accounts ~~stock~~receivable (net of ~~the~~allowance ~~Company~~for atdoubtful aaccounts ~~conversion price~~ of $~~0.90~~37,638) ~~per~~of ~~share~~$139,363 ~~upon~~and ~~completion~~prepaid ofexpenses ~~the~~and ~~Share~~deposits ~~Exchange~~of ~~Agreement~~$96,001. ~~IBASE~~Our ~~relied~~current onliabilities ~~exemptions~~as ~~from~~at ~~registration~~March ~~under~~31, ~~Regulation~~2019 Sconsisted ~~promulgated~~of ~~under~~accounts ~~the Securities~~payable ~~Act~~and ~~for~~accrued ~~the~~liabilities ~~issuance as the securities were issued to the~~of ~~individuals~~$173,223, ~~through~~deferred ~~offshore~~revenue ~~transactions~~of ~~which~~$123,851 ~~were negotiated~~ and ~~consummated~~ ~~outside~~due ofto ~~the~~related ~~United~~parties ~~States~~of $692,657.

OnAs ~~October~~at 4June 30, 2018, ~~IBASE~~our ~~issued~~current assets were $30530,~~000.00~~676 inand ~~convertible notes to one~~our ~~individual~~current ~~pursuant~~liabilities towere ~~a private placement~~$765,582 ~~which~~resulting ~~notes~~in ~~mature~~a ~~three~~working ~~years from~~capital ~~the~~deficit ~~date~~ of ~~issuance and subject to an automatic earlier conversion~~ ~~pursuant~~$234,906. toOur ~~the~~current ~~Share~~assets ~~Exchange~~as ~~Agreement~~at ~~whereby~~June ~~the~~30, ~~notes~~2018 ~~will~~consisted beof ~~converted into~~cash ~~shares~~ of ~~common~~$128,868, accounts ~~stock~~receivable of ~~the~~$121,742, ~~Company~~deferred atcontract acosts ~~conversion price~~ of $~~0.90~~188,322 ~~per~~and prepaid ~~share~~expenses ~~upon~~and ~~completion~~deposits of ~~the Share Exchange Agreement~~$91,744. ~~IBASE~~Our ~~relied~~current ~~on exemptions~~liabilities ~~from~~as ~~registration~~at ~~under~~June ~~Regulation~~30, S2018 consisted ~~promulgated~~of ~~under~~accounts ~~the~~payable ~~Securities~~and ~~Act~~accrued ~~for~~liabilities ~~the~~of ~~issuance~~$108,726, ~~as the~~deferred ~~securities~~revenue ~~were~~of ~~issued~~$421,178 toand ~~the~~due ~~individual~~to ~~through~~related anparties ~~offshore transaction which was negotiated and consummated outside~~ of ~~the United States~~$235,678.

15During the nine months ended March 31, 2019, we received an aggregate of $232,747 (2018: $Nil) pursuant to the issuance of convertible notes, which converted on December 28, 2018 along with all other outstanding convertible notes into 1,821,410 shares of our common stock at a price of $0.90 per share, representing an aggregate of $1,639,269 upon the closing of the Amended Share Exchange Agreement. The convertible notes were non-interest bearing. In addition, during the nine months ended March 31, 2019 we received proceeds from related parties of $231,309 (2018: $176,276) pursuant to shareholder loans, which are unsecured, non-interest bearing and due on demand, as well as $520,000 from subscriptions received for shares of our common stock at a price of $0.90 per share.

OnOur ~~October~~stockholders’ ~~31,~~deficit ~~2018,~~as ~~IBASE~~at ~~issued~~March ~~$75~~31,~~000.00~~ in2019 ~~convertible~~was ~~notes to two individuals pursuant to a private placement~~$646,442 ~~which notes mature three years~~as ~~from~~compared ~~the date of issuance and subject~~ to anour ~~automatic~~stockholders’ ~~earlier~~deficit ~~conversion pursuant to the Share Exchange Agreement whereby the notes will be converted into shares~~ of ~~common~~$1,626,400 ~~stock of the Company~~ at aJune ~~conversion~~30, ~~price of $0~~2018.90 per share upon completion of the Share Exchange Agreement. IBASE relied on exemptions from registration under Regulation S promulgated under the Securities Act for the issuance as the securities were issued to the individuals through offshore transactions which were negotiated and consummated outside of the United States.

OnOur ~~November~~plan 3,of ~~2018,~~operations ~~IBASE~~over ~~issued $23,958.00 in convertible notes to one individual pursuant to a private placement, which notes mature three years from~~ the ~~date~~next oftwelve ~~issuance~~months ~~and~~is ~~subject~~ to ~~an automatic earlier conversion~~focus pursuant to the Share Exchange Agreement whereby the notes will be converted into shares of common stock of the Company at a conversion price of $0.90 per share upon completion of the Share Exchange Agreement. IBASE relied on ~~exemptions~~ ~~from registration under Regulation S promulgated under~~ the ~~Securities~~ ~~Act for the issuance as the securities were issued to the individual through an offshore transaction which was negotiated and consummated outside of the United States.~~ following:

On December 5, 2018, IBASE issued $29,583.00 in convertible notes to three individuals pursuant to a private placement, which notes mature three years from the date of issuance and subject to an automatic earlier conversion pursuant to the Share Exchange Agreement whereby the notes will be converted into shares of common stock of the Company at a conversion price of $0.90 per share upon completion of the Share Exchange Agreement. IBASE relied on exemptions from registration under Regulation S promulgated under the Securities Act for the issuance as the securities were issued to the individual through an offshore transaction which was negotiated and consummated outside of the United States.

	Task	Start	Finish	Duration
Research & Development ($300,000) - Ongoing		Nov. 1, 2018	Oct. 30, 2019	52 weeks
•	Establish a R&D team to develop innovative products and run pilot projects for the industry (e.g. Big Data Analytics, Artificial Intelligence, Machine Learning, IoT Integrations, Service Platforms, etc.)
Branding Exercise ($100,000) - Ongoing
•	Evaluate & Appoint Branding Consultant	Feb. 1, 2019	Mar. 8, 2019	4 weeks

•	Execution of Branding Strategies	Mar. 11, 2019	Aug.26, 2019	24 weeks
Sales & Marketing ($125,000) - Ongoing
•	Recruitment of Chief Marketing Officer	Nov. 1, 2018	Dec. 26, 2018	8 weeks

•	Chief Marketing Officer to establish business collaborations and strategic partnerships (e.g. Channel Partnerships & resellers for local and overseas markets)	Dec. 27, 2018	Oct. 30, 2019	44 weeks
Technology Team ($300,000) – Pushed to next FY
•	Review compensation schemes for existing technical team	Jun. 1, 2019	Jun. 30, 2019	4 weeks

On December 28, 2018, pursuant to the closing of the Amended Share Exchange Agreement, we issued 18,998,211 shares of our common stock to the shareholder of IBASE on pro rata basis in accordance with each IBASE shareholders’ percentage ownership in IBASE. In addition, we issued an aggregate of 1,821,410 shares of our common stock to the holders of Convertible Notes representing an aggregate of $1,639,269. We relied on exemptions from registration under Rule 903 of Regulation S promulgated under the Securities Act for the issuances as the securities were issued to the individuals through offshore transactions which were negotiated and consummated outside of the United States. 9

Item 3. Defaults Upon Senior Securities

•	Additional (replacements) headcounts to enhance technology capabilities	Jul. 1, 2019	Aug. 30, 2020	60 weeks
HR Management ($80,000) – Pushed to next FY
•	Engage a HR Consultant to review existing Human Resource Management Processes and Practices	Sep. 1, 2019	Nov. 30, 2019	12 weeks
		Dec. 1, 2019	May.31, 2020	24 weeks
•	Execute strategies to improve HR Process and Policies and evaluate and appoint outsourcing companies

•	Outsourcing of Human Resource Management Processes	June 1, 2020	Nov. 30, 2020	24 weeks
Investor Relations & Strategic Financial Advisors ($120,000) – Pushed to next FY
•	Engagement of Investor Relations Consultants to support financing activities	Sep. 1, 2019	Aug. 30, 2020	52 weeks

•	Engagement of Strategic Financial Advisors to support operation strategies	Sep. 1, 2019	Aug. 30, 2020	52 weeks

~~None~~Therefore, based on the above, we anticipate that we will require a total of approximately $1,000,000 for our plan of operations over the next twelve months. At March 31, 2019, we had cash of $95,188 and a working capital deficit of $659,179.

~~Item~~Accordingly, 4we will be required to obtain additional financing in order to pursue our plan of operations for and beyond the next twelve months. We ~~Mine~~are ~~Safety~~currently ~~Disclosures~~examining ways to finance the anticipated expenditures and operations through equity and/or debt financings, but we currently do not have any firm commitments for financing at this time. We cannot provide investors with any assurance that we will be able to raise sufficient funding from the sale of our common stock to fund the build out of the IBASE business going forward. In the absence of such financing, we will not be able to continue our planned expenditures to grow the IBASE business and we may need to curtail the anticipated plan of operations and our business plan may fail.

~~Not~~Statement ~~applicable.~~of Cashflows

~~Item~~During 5.the ~~Other~~ninemonth ~~Information~~period ended March 31, 2019, our net cash decreased by $33,680 (2018: $504,385), which included net cash used in operating activities of $1,049,618 (2018: $1,281,401), net cash used in investing activities of $6,290 (2018: $(3,971)) and net cash provided by financing activities of $984,056 (2018: $779,379).

~~None.~~Cash Flow used in Operating Activities

16Operating activities in the nine month period ended March 31, 2019 used cash of $1,049,618 compared to $1,281,401 in the nine months ended March 31, 2018. Cash used in operating activities decreased in 2019 as a result of an increase in accounts receivable of $19,432, a decrease in deferred contract costs of $188,322, an increase in prepaid expenses and deposits or $4,257, adecrease in accounts payable and accrued liabilities of $24,248, an increase in deferred revenue of $297,327, an increase in due to related parties of $26,612and a net loss during the period of $929,970.

~~Item~~Cash 6.Flow ~~Exhibits~~used in Investing Activities

~~The~~During ~~following~~the ~~exhibits~~nine ~~are~~month ~~included~~period ~~with~~ended ~~this~~March ~~Quarterly~~31, ~~Report:~~2019, investing activities used cash of $6,290 for the purchase or property and equipmentas compared to investing activities providing cash of $3,971 from the net result of the acquisition of subsidiary and the purchase of property and equipment during thenine month period ended March 31, 2018.

Exhibit	Description of Exhibit
31.1	Certification of Chief Executive Officer pursuant to the Securities Exchange Act of 1934 Rule 13a- 14(a) or 15d-14(a).
31.2	Certification of Chief Financial Officer pursuant to the Securities Exchange Act of 1934 Rule 13a- 14(a) or 15d-14(a).
32.1	Certifications pursuant to the Securities Exchange Act of 1934 Rule 13a-14(b) or 15d-14(b) and 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
101.1NS	XBRL Instance Document
101.SCH	XBRL Taxonomy Extension Schema Document
101.CAL	XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF	XBRL Taxonomy Extension Definitions Linkbase Document
101.LAB	XBRL Taxonomy Extension Label Linkbase Document
101.PRE	XBRL Taxonomy Extension Presentation Linkbase Document

17Cash Flow provided by Financing Activities

~~SIGNATURES~~During the nine month period ended March 31, 2019, financing activities provided cashof $984,056 from the proceeds of notes payable, related parties and subscriptions received as compared to $779,379 from the proceeds of shareholders’ loans and proceeds from related parties for the nine month period ended March 31, 2018.

~~Pursuant~~Off-balance tosheet ~~the~~arrangements ~~requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.~~

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

	By:	/s/ Ernest Ong
		Ernest Ong
		President, Chief Executive Officer, and Director
		(Principal Executive Officer)
		Date: February 14, 2019
	By:	/s/ Willie Lian
		Willie Lian
		Chief Financial Officer and Director (Principal
		Financial Officer)
		Date: February 14, 2019

Subsequent events

18There are no subsequent events to report.

Critical Accounting Policies and Use of Estimates

Our financial statements and accompanying notes have been prepared in accordance with United States generally accepted accounting principles in the United States (“GAAP”) and in conformity with the instructions on Form 10-Q and Rule 8-03 of Regulation S-X and the related rules and regulations of the Securities and Exchange Commission (“SEC”).Accordingly, they do not include all the information and footnotes required by U.S. GAAP for complete financial statements. However, in the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Results of operations for the interim periods are not necessarily indicative of the operating results to be attained in the entire fiscal year.

We regularly evaluate the accounting policies and estimates that we use to prepare our financial statements. In general, management’s estimates are based on historical experience, on information from third party professionals, and on various other assumptions that are believed to be reasonable under the facts and circumstances. Actual results could differ from those estimates made by management.

We believe the following critical accounting policies require us to make significant judgments and estimates in the preparation of our financial statements:

	(a)	Use of Estimates

		The preparation of our condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company regularly evaluates estimates and assumptions related to allowance for doubtful accounts, the estimated useful lives and recoverability of property and equipment, and deferred income tax asset valuation allowances. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected.

	(b)	Accounts Receivable

		We recognize allowances for doubtful accounts to ensure accounts receivable are not overstated due to the inability or unwillingness of our customers to make required payments. The allowance is based on the business environment, historical bad debt expense, the age of receivables, and the specific identification of receivables we consider at risk. We review the adequacy of its allowance for doubtful accounts on a regular basis.

	(c)	Property and Equipment

		Property and equipment consist of computer equipment, furniture and fixtures, leasehold improvements, and office equipment and are measured at cost less accumulated depreciation and impairment losses. Property and equipment are depreciated on a straight-line basis over their expected useful life as follows:

Computer equipment		3 years
Furniture and fixtures		5 years
Office equipment		5 years

	(d)	Impairment of Long-lived Assets

		In accordance with ASC 360, “Property, Plant, and Equipment”, the Company tests long-lived assets or asset groups for recoverability when events or changes in circumstances indicate that their carrying amount may not be recoverable. Circumstances which could trigger a review include, but are not limited to: significant decreases in the market price of the asset; significant adverse changes in the business climate or legal factors; accumulation of costs significantly in excess of the amount originally expected for the acquisition or construction of the asset; current period cash flow or operating losses combined with a history of losses or a forecast of continuing losses associated with the use of the asset; and current expectation that the asset will more likely than not be sold or disposed significantly before the end of its estimated useful life. Recoverability is assessed based on the carrying amount of the asset and its fair value which is generally determined based on the sum of the undiscounted cash flows expected to result from the use and the eventual disposal of the asset, as well as specific appraisal in certain instances. An impairment loss is recognized when the carrying amount is not recoverable and exceeds fair value.

	(e)	Foreign Currency Translation

		Our functional currency is the Singapore dollar and its reporting currency is the U.S. dollar. Management has adopted ASC 830, “Foreign Currency Matters”. Monetary assets and liabilities denominated in foreign currencies are translated using the exchange rate prevailing at the balance sheet date. Average monthly rates are used to translate revenues and expenses. Gains and losses arising on translation of foreign currency denominated transactions or balances are included in the statement of operations.

		We usethe current rate method to translate the financial statements to its reporting currency. Accordingly, assets and liabilities are translated into U.S. dollars at the period end exchange rate while revenue and expenses are translated at the average exchange rates during the period. Related exchange gains and losses are included in a separate component of stockholders’ equity as accumulated other comprehensive income.

	(f)	Revenue Recognition

		The Company derives revenue from the sale of software, product support and maintenance services, and other consulting services.

		Revenue is recognized when control of products or services is transferred to customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those promised products or services.

		The Company determines revenue recognition through the following five steps:

	•	Identification of the contract, or contracts, with a customer
	•	Identification of the performance obligations in the contract
	•	Determination of the transaction price
	•	Allocation of the transaction price to the performance obligations in the contract
	•	Recognition of revenue when, or as, performance obligations are satisfied

The Company enters into contracts that can include various combinations of licenses, products and services, some of which are distinct and are accounted for as separate performance obligations. For contracts with multiple performance obligations, the Company allocates the transaction price of the contract to each performance obligation, generally on a relative basis using its standalone selling price.

Management assesses the business environment, customers’ financial condition, historical collection experience, accounts receivable aging, and customer disputes to determine whether collectability is reasonably assured. If collectability is not considered reasonably assured at the time of sale, we do not recognize revenue until collection occurs.

Deferred revenue consists primarily of payments received in advance of revenue recognition for subscriptions and professional services and is recognized as the revenue recognition criteria is met.

Recent Accounting Pronouncements

On July 1, 2018, the Company adopted ASC Topic 606, “Revenue from Contracts with Customers” (“Topic 606”), using the modified retrospective transition method applied to those contracts which were not completed as of July 1, 2018. Under this method, the Company evaluated contracts that were in effect at the beginning of fiscal 2019 as if those contracts had been accounted for under Topic 606 from the beginning of their terms. The adoption of Topic 606 did not result in a material impact on the Company’s unaudited condensed consolidated financial statements.

In February 2016, the FASB issued ASU 2016-02, “Leases” (“Topic 842”). The new standard requires lessees to recognize most leases on their balance sheets as lease liabilities with corresponding right-of-use assets and eliminates certain real estate specific provisions. ASU 2016-02 will be effective for fiscal years beginning after December 15, 2018. The Company is still in the process of determining the effect of the adoption of this standard on its consolidated financial statements or the related disclosures.

In January 2017, the FASB issued ASU No. 2017-04, “Intangibles - Goodwill and Other” (“Topic 350”). This standard eliminates step 2 from the annual goodwill impairment test. This update is effective for annual periods beginning after December 15, 2019, and interim periods within those fiscal years, with early adoption permitted, and is to be applied on a prospective basis. The Company does not anticipate that the adoption of this standard will have a significant impact on its consolidated financial statements or the related disclosures.

In February 2018, the FASB issued ASU No. 2018-02, “Income Statement - Reporting Comprehensive Income” (“Topic 220”): Reclassification of Certain Tax Effect from Accumulated Other Comprehensive Income. This update allows a reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the Tax Cuts and Job Act ("TCJA") enacted in December 2017. This update will be effective for the Company for fiscal years beginning after December 15, 2018 and interim periods within those fiscal years. Early adoption is permitted. The Company does not anticipate that the adoption of this standard will have a significant impact on its consolidated financial statements or the related disclosures.

In March 2018, the FASB issued ASU No. 2018-05, “Income Taxes” (“Topic 740”): Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 118. The staff of the SEC recognized the complexity of reflecting the impacts of the TCJA, and on December 22, 2017, issued guidance in Staff Accounting Bulletin 118, which clarifies accounting for income taxes under ASC 740 if information is not yet available or complete and provides for up to a one year period in which to complete the required analysis and accounting (the measurement period). The Company does not anticipate that the adoption of this standard will have a significant impact on its consolidated financial statements or the related disclosures.

Item 3.

Quantitative and Qualitative Disclosures About Market Risk

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

Item 4.

Controls and Procedures

(a)

Evaluation of Disclosure Controls and Procedures

We maintain disclosure controls and procedures that are designed to ensure that information required to be disclosed in our reports filed under the Securities Exchange Act of 1934, as amended, is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms, and that such information is accumulated and communicated to our management, including our Chief Executive Officer, Ernest Ong, and our Chief Financial Officer, Willie Lian, to allow for timely decisions regarding required disclosure. Our Chief Executive Officer and Chief Financial Officer are responsible for establishing and maintaining disclosure controls and procedures for our Company.

Our management has evaluated the effectiveness of our disclosure controls and procedures as of March 31, 2019 (under the supervision and with the participation of the Chief Executive Officer and the Chief Financial Officer), pursuant to Rule 13a-15(b) promulgated under the Securities Exchange Act of 1934, as amended. As part of such evaluation, management considered the matters discussed below relating to internal control over financial reporting. Based on this evaluation, our Company’s Chief Executive Officer and Chief Financial Officer has concluded that our Company’s disclosure controls and procedures were effective as of March 31, 2019.

(b)

Internal Control Over Financial Reporting

The term “internal control over financial reporting” is defined as a process designed by, or under the supervision of, the registrant’s principal executive and principal financial officers, or persons performing similar functions, and effected by the registrant’s board of directors, management and other personnel, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles and includes those policies and procedures that:

	•	pertain to the maintenance of records that in reasonable detail accurately and fairly reflect the transactions and dispositions of the assets of the registrant;

	•	provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the registrant are being made only in accordance with authorizations of management and directors of the registrant; and

	•	provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of the registrant’s assets that could have a material effect on the financial statements.

A material weakness is defined in Public Company Accounting Oversight Board Auditing Standard No. 5 as a significant deficiency, or a combination of significant deficiencies, in internal control over financial reporting that results in there being more than a remote likelihood that a material misstatement of the annual or interim financial statements will not be prevented or detected.

There have not been any changes in our internal control over financial reporting that occurred during our fiscal quarter ended March 31, 2019 that have materially affected, or are likely to materially affect, our internal control over financial reporting.

PART II – OTHER INFORMATION

Item 1.

Legal Proceedings

The Company is not a party to any pending legal proceeding. We are not aware of any pending legal proceeding to which any of our officers, directors, affiliates or any beneficial holders of 5% or more of our voting securities are adverse to us or have a material interest adverse to us.

Item 1A.

Risk Factors

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

Item 2.

Unregistered Sales of Equity Securities and Use of Proceeds

Not applicable.

Item 3.

Defaults Upon Senior Securities

None.

Item 4.

Mine Safety Disclosures

Not applicable.

Item 5.

Other Information

During the three months ended March 31, 2019, we had share subscriptions received of $520,000. We will be issuing shares of common stock at $0.90 per share for such share subscriptions received.

Item 6.

Exhibits

The following exhibits are included with this Quarterly Report:

Exhibit	Description of Exhibit

31.1	Certification of Chief Executive Officer pursuant to the Securities Exchange Act of 1934 Rule 13a- 14(a) or 15d-14(a).

31.2	Certification of Chief Financial Officer pursuant to the Securities Exchange Act of 1934 Rule 13a- 14(a) or 15d-14(a).

32.1	Certifications pursuant to the Securities Exchange Act of 1934 Rule 13a-14(b) or 15d-14(b) and 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

101.1NS	XBRL Instance Document

101.SCH	XBRL Taxonomy Extension Schema Document

101.CAL	XBRL Taxonomy Extension Calculation Linkbase Document

101.DEF	XBRL Taxonomy Extension Definitions Linkbase Document

101.LAB	XBRL Taxonomy Extension Label Linkbase Document

101.PRE	XBRL Taxonomy Extension Presentation Linkbase Document

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

QORNERSTONE INC.

By:	/s/ Ernest Ong
	Ernest Ong
	President, Chief Executive Officer, and Director
	(Principal Executive Officer)
	Date: May 15, 2019


By:	/s/ Willie Lian
	Willie Lian
	Chief Financial Officer and Director (Principal
	Financial Officer)
	Date: May 15, 2019

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HR Management ($80,000) – Pushed to next FY

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Investor Relations & Strategic Financial Advisors ($120,000) – Pushed to next FY

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Filing Compare · Qornerstone Inc.