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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

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

For the quarterly period ended ~~March~~September 3130, 2015

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

For the transition period from ____________ to ~~______________~~_______________

Commission File No. 000-14859

GARB OIL & POWER CORPORATION

(Exact name of registrant as specified in its charter)

Utah		87-0296694
(State or other jurisdiction of		(I.R.S. Employer Identification. No.)
incorporation or organization)		~~Identification. No.)~~
1185 Gooden Xing
Largo, FL		33778
(Address of principal executive offices)		(Zip Code)
Registrant’s Telephone Number, Including Area Code: (888) 573-6622

Registrant’s Telephone Number, Including Area Code: (888) 573-6622

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

Yes [X] No [ ]

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

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

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

The number of shares of issuer’s common stock outstanding as of May 1418, ~~2015~~2016: 47,497,578,456.

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FORM 10-Q

FOR THE ~~THREE~~NINE MONTHS ENDED ~~MARCH~~SEPTEMBER 3130, 2015

INDEX

			Page
Part I	~~Financial Information~~	Financial Information	F-1
Item 1.	~~Financial Statements~~	Financial Statements	F-1
	Consolidated Balance Sheets as of March 31, 2015 (Unaudited) and December 31, 2014		F-1
		Consolidated Balance Sheets as of September 30, 2015 (Unaudited) and December 31, 2014	F-1
	Consolidated Statements of Operations for the three months ended March 31, 2015 and 2014 (Unaudited)		F-3
		Consolidated Statements of Operations for the nine months ended September 30, 2015 and 2014 (Unaudited)	F-2
	Consolidated Statements of Cash Flows for the three months ended March 31, 2015 and 2014 (Unaudited)		F-4
		Consolidated Statements of Cash Flows for the nine months ended September 30, 2015 and 2014 (Unaudited)	F-3
	~~Notes to the Consolidated Financial Statements (Unaudited)~~	Notes to the Consolidated Financial Statements (Unaudited)	F-64
Item 2.	~~Management’s Discussion and Analysis of Financial Condition and Results of Operations~~	Management’s Discussion and Analysis of Financial Condition and Results of Operations	4
Item 3.	~~Quantitative and Qualitative Disclosures About Market Risk~~	Quantitative and Qualitative Disclosures About Market Risk	6
Item 4.	~~Controls and Procedures~~	Controls and Procedures	7
Part II	~~Other Information~~	Other Information	8
Item 1.	~~Legal Proceedings~~	Legal Proceedings	8
Item 1A.	~~Risk Factors~~	Risk Factors	8
Item 2.	~~Unregistered Sales of Equity Securities and Use of Proceeds~~	Unregistered Sales of Equity Securities and Use of Proceeds	8
Item 3.	~~Defaults Upon Senior Securities~~	Defaults Upon Senior Securities	8
Item 4.	~~Mine Safety Disclosures~~	Mine Safety Disclosures	8
Item 5.	~~Other Information~~	Other Information	8
Item 6.	~~Exhibits~~	Exhibits	8
Signatures			89

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USE OF CERTAIN DEFINED TERMS

Except as otherwise indicated by the context, references in this report to “we,” “us,” “our,” “our Company,” “the Company”, or “Garb” are to the combined business of Garb Oil & Power Corporation and its consolidated subsidiaries.

In addition, unless the context otherwise requires and for the purposes of this report only:

● “Commission” refers to the Securities and Exchange Commission; ● “Exchange Act” refers to the Securities Exchange Act of 1934, as amended; ● “Securities Act” refers to the Securities Act of 1933, as amended; and ● “management of the Company” or “management” refers to the following individuals, who represent the directors and executive officers of the Company as of the date of this quarterly report on Form 10-Q, and those officers and directors that were appointed on August 21, 2013:?

●“Commission” ~~Tammy~~refers ~~Taylor~~to is the ~~Company’s~~Securities ~~current Chief Executive Officer, President, Director~~ and ~~Principal~~Exchange ~~Financial~~Commission; ~~Officer, ● M. Aimee Coleman is current Corporate Secretary and Principal Accounting Officer.~~

“Exchange Act” refers to the Securities Exchange Act of 1934, as amended;

“Securities Act” refers to the Securities Act of 1933, as amended; and

“management of the Company” or “management” refers to the following individuals, who represent the directors and executive officers of the Company as of the date of this quarterly report on Form 10-Q, and those officers and directors that were appointed on August 21, 2013:

Tammy Taylor is the Company’s current Chief Executive Officer, President, Director and Principal Financial Officer,

M. Aimee Coleman is current Corporate Secretary and Principal Accounting Officer.

CAUTIONARY STATEMENT RELATED TO FORWARD-LOOKING STATEMENTS

This report contains forward-looking statements. The Securities and Exchange Commission encourages companies to disclose forward-looking information so that investors can better understand a company’s future prospects and make informed investment decisions. This quarterly report on Form 10-Q and other written and oral statements that we make from time to time contain such forward-looking statements that set out anticipated results based on management’s plans and assumptions regarding future events or performance. We have tried, wherever possible, to identify such statements by using words such as “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe,” “will” and similar expressions in connection with any discussion of future operating or financial performance. In particular, these include statements relating to future actions, future performance or results of current and anticipated sales efforts, expenses, the outcome of contingencies, such as legal proceedings, and financial results. A list of factors that could cause our actual results of operations and financial condition to differ materially is set forth below:


	●	Our ability to continue as a going concern.

	●	Our ability to achieve profitability and history of losses.

	●	Our need for significant additional capital to fund our business plan.

	●	Our ability to attract customers to our products.

	●	Economic conditions that have an adverse effect on consumer and corporate spending.

	●	Changes in applicable Federal and State manufacturing laws and regulations that have an adverse effect on our operations.

	●	The market price for shares of our common stock has been and may continue to be highly volatile and the impact of penny stock rules on the liquidity of our common stock.

We caution that the factors described herein and other factors could cause our actual results of operations and financial condition to differ materially from those expressed in any forward-looking statements we make and that investors should not place undue reliance on any such forward-looking statements. Further, any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of anticipated or unanticipated events or circumstances. New factors emerge from time to time, and it is not possible for us to predict all of such factors. Further, we cannot assess the impact of each such factor on our results of operations or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.

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PART I – FINANCIAL INFORMATION

Item 1. Financial Statements

Garb Oil & Power Corporation and Subsidiaries Consolidated Balance Sheets

Consolidated Balance Sheets


	September 30, 2015		December 31, 2014
		(Unaudited)
ASSETS
Current assets:
Cash	$	3	$	196
Receivables, net		-		-
Total current assets		3		196
Property and equipment, net		1,149,879		1,257,802

Total assets	$	1,149,882	$	1,257,998

LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)
Current liabilities:
Accounts payable and accrued expenses	$	1,623,548	$	1,189,558
Related party payable		9,030		3,947
Notes payable, net		1,749,702		1,454,062
Derivative liability		3,223,920		2,250,243
Notes payable - related party, net		178,717		155,645
Derivative liability - related party		45,388		33,987
Capital lease payable		1,269,046		1,292,571
Accrued interest		1,751,106		1,520,894
Accrued interest - related party		54,447		173
Wage and payroll taxes payable		354,721		254,971
Total current liabilities		10,259,625		8,156,051

Total liabilities		10,259,625		8,156,051

Mezzanine Equity:
Class A preferred as of September 30, 2015; ($.0001 par value) 1,000,000 shares authorized, 24 shares outstanding as of September 30, 2015 and 24 shares outstanding as of December 31, 2014		-		-
Class B preferred as of September 30, 2015; ($2.50 par value) 10,000,000 shares authorized, 4,419,918 shares outstanding as of September 30, 2015 and 4,419,918 shares issued and outstanding as of December 31, 2014		11,049,795		11,049,795
Preferred Class A additional paid in capital		1,486,010		1,486,010
Preferred Class B additional paid in capital		14,093,628		14,093,628
Total mezzanine equity		26,629,433		26,629,433

Stockholders’ Deficit:
Common stock as of September 30, 2015; (no par value) 50,000,000,000 shares authorized, 47,497,578,456 shares outstanding at September 30, 2015 and 47,497,578,456 shares outstanding at December 31, 2014		(13,723,527)		(13,723,527)
Subscription Receivable		-		(403,815)
Accumulated deficit		(22,015,649)		(19,400,144)
Total stockholders' deficit		(35,739,176)		(33,527,486)

Total liabilities, mezzanine equity and stockholders' deficit	$	1,149,882	$	1,257,998

	March 31, 2015		December 31, 2014
	(Unaudited)
ASSETS
Current assets:
Cash	$	22	$	196
Accounts receivable, net		-		-
Total current assets		22		196
Property and equipment, net		1,249,670		1,257,802
Total assets	$	1,249,692	$	1,257,998
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)
Current liabilities:
Accounts payable and accrued expenses	$	1,360,238	$	1,189,558
Related party payable		2,795		3,947
Notes payable		1,510,835		1,454,062
Derivative liability		2,482,896		2,250,243
Notes payable - related party		175,500		155,645
Derivative liability - related party		35,499		33,987
Capital lease payable		1,316,587		1,292,571
Accrued interest		1,588,856		1,521,067
Wage and payroll taxes payable		288,221		254,971
Total current liabilities		8,761,427		8,156,051
Total liabilities		8,761,427		8,156,051

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

~~(Continued next page)~~F-1

~~F-1~~QuickLink to Table of Contents

Garb Oil & Power Corporation and Subsidiaries Consolidated Statements of Operations

Consolidated Balance Sheets


	For the three months ended				For the nine months ended
	September 30, 2015		September 30, 2014		September 30, 2015		September 30, 2014
	(Unaudited)		(Unaudited)		(Unaudited)		(Unaudited)
SALES
Sales	$	-	$	-	$	-	$	200,000
TOTAL SALES		-		-		-		200,000
COST OF SALES		-		-		-		90,000
GROSS PROFIT		-		-		-		110,000

OPERATING EXPENSES

Selling, general and administrative		104,163		115,085		435,666		654,193
Total operating expenses		104,163		115,085		435,666		654,193

LOSS FROM OPERATIONS		(104,163)		(115,085)		(435,666)		(544,193)

OTHER INCOME (EXPENSE)
Gain (loss) on subscription receivable write-off		-		-		(403,815)		-
Gain (loss) on derivative liability valuation		(563,760)		-		(980,038)		-
Interest expense		(300,002)		(109,519)		(795,986)		(255,741)
Total Other Income (Expense)		(863,762)		(109,519)		(2,179,839)		(255,741)
LOSS BEFORE INCOME TAXES		(967,925)		(224,604)		(2,615,505)		(799,934)
PROVISION (BENEFIT) FOR INCOME TAXES		-		-		-		-

NET LOSS	$	(967,925)	$	(224,604)	$	(2,615,505)	$	(799,934)

BASIC AND DILUTED LOSS PER COMMON SHARE ATTRIBUTABLE TO GARB OIL & POWER SHAREHOLDERS	$	(0.00)	$	(0.00)	$	(0.00)	$	(0.00)

WEIGHTED AVERAGE OF COMMON SHARES OUTSTANDING	47,497,578,456		1,361,475,589		47,497,578,456		43,729,424,964

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

	March 31, 2015			December 31, 2014
	(Unaudited)
Stockholders’ Deficit:
Class A preferred as of March 31, 2015; ($.0001 par value) 1,000,000 shares authorized, 24 shares outstanding as of March 31, 2015 and 24 shares outstanding as of December 31, 2014		-			-
Class B preferred as of March 31, 2015; ($2.50 par value) 10,000,000 shares authorized, 4,419,918 shares outstanding as of March 31, 2015 and 4,419,918 shares issued and outstanding as of December 31, 2014		11,049,795			11,049,795
Common stock as of March 31, 2015; (no par value) 50,000,000,000 shares authorized, 47,497,578,456 shares outstanding at March 31, 2015 and 47,497,578,456 shares outstanding at December 31, 2014		(13,723,527	)		(13,723,527	)
Preferred Class A additional paid in capital		1,486,010			1,486,010
Preferred Class B additional paid in capital		14,093,628			14,093,628
Subscription Receivable		(403,815	)		(403,815	)
Accumulated deficit		(20,013,826	)		(19,400,144	)
Total stockholders’ deficit		(7,511,735	)		(6,898,053	)
Total liabilities and stockholders’ deficit	$	1,249,692		$	1,257,998

F-2

~~The accompanying~~QuickLink ~~notes~~to ~~are~~Table ~~an integral part~~ of ~~these consolidated financial statements.~~Contents

~~F-2~~Garb Oil & Power Corporation and Subsidiaries Consolidated Statements of Cash Flows

Garb Oil & Power Corporation and Subsidiaries


	For the nine months ended
	September 30, 2015		September 30, 2014
	(Unaudited)		(Unaudited)
Cash flows from operating activities:
Net loss	$	(2,615,505)	$	(799,934)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation expense		22,010		2,959
Common stock issued for services		-		96,000
(Gain) loss on subscription receivable write-off		403,815		-
Debt issued for interest expense		235,750		-
Amortization of debt discount		70,899		20,755
(Gain) loss on derivative liability valuation		980,038		-
Accretion of present value of capital lease		62,388		-
Loan fees		36,000		-
Changes in operating assets and liabilities:
Accounts payable and accrued expenses		433,990		338,469
Accrued interest		206,275		163,829
Related party payable		5,083		17,662
Related party accrued interest		54,274		-
Wages and payroll taxes payable		99,750		30,863
Net cash used in operating activities		(5,233)		(129,397)

Cash flows from investing activities
Purchases of property, plant and equipment		-		(12,000)
Net cash used in investing activities		-		(12,000)

Cash flows from financing activities:
Proceeds from notes payable		5,040		110,500
Payments on notes payable		-		(20,000)
Cash received on issuances of common stock - related parties		-		64,868
Net cash provided by financing activities		5,040		155,368
Net increase (decrease) in cash		(193)		13,971
Cash at beginning of period		196		3
Cash at end of period	$	3	$	13,974

Supplemental disclosures of cash flow information:

Cash paid for:
Interest	$	-	$	-
Income taxes	$	-	$	-

Non-cash financing activities:
Accrued interest reclassified to note principal	$	12,063	$	-
Common shares issued for debt and accrued interest	$	-	$	100,000
Common shared issued for liabilities		-	$	55,083
Debt discount	$	5,040	$	127,045
Class B preferred shares exchanged for Common shares	$	-	$	4,142,300
Common shares issued for subscription receivable	$	-	$	69,028
Preferred shares issued for subscription receivable	$	-	$	334,787
Adjustment to net present value for capital lease	$	85,913	$	-

~~Consolidated Statements~~The accompanying notes are an integral part of ~~Operations~~these consolidated financial statements.

	For the three months ended
	March 31, 2015			March 31, 2014
	(Unaudited)			(Unaudited)
SALES
Sales	$	-		$	200,000
TOTAL SALES		-			200,000
COST OF SALES		-			90,000
GROSS PROFIT		-			110,000
OPERATING EXPENSES
Selling, general and administrative	$	198,333		$	350,556
Total Operating Expenses		198,333			350,556
LOSS FROM OPERATIONS		(198,333	)		(240,556	)
OTHER INCOME (EXPENSE)
Derivative liability expense		(229,125	)		-
Interest expense		(186,224	)		(108,358	)
Total Other Income (Expense)		(415,349	)		(108,358	)
LOSS BEFORE INCOME TAXES	$	(613,682	)	$	(348,914	)
PROVISION (BENEFIT) FOR INCOME TAXES		-			-
NET LOSS		(613,682	)		(348,914	)
BASIC AND DILUTED LOSS PER COMMON SHARE ATTRIBUTABLE TO GARB OIL & POWER SHAREHOLDERS	$	(0.00	)	$	(0.00	)
WEIGHTED AVERAGE OF COMMON SHARES OUTSTANDING		47,497,578,456			40,460,712,592

F-3

~~The accompanying~~QuickLink ~~notes~~to ~~are~~Table ~~an integral part~~ of ~~these consolidated financial statements.~~Contents

~~F-3~~Garb Oil & Power Corporation and Subsidiaries

~~Garb Oil~~Notes &to ~~Power~~Consolidated ~~Corporation~~Financial ~~and Subsidiaries~~Statements

~~Consolidated Statements of Cash Flows~~(Unaudited)

	For the three months ended
	March 31, 2015			March 31, 2014
	(Unaudited)			(Unaudited)
Cash flows from operating activities:
Net loss	$	(613,682	)	$	(348,914	)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation expense		8,132			-
Common stock issued for services		-			10,000
Amortization of debt discount		37,448			681
Loss on derivative liability		229,125			-
Accretion of present value of capital lease		24,016			-
Loan fees		36,000			-
Changes in operating assets and liabilities:
Accounts receivable		-			-
Accounts payable and accrued expenses		170,680			300,959
Accrued interest		70,969			86,043
Related party payable		(1,152	)		3,180
Wages and payroll taxes payable		33,250			24,250
Net cash provided by (used in) operating activities		(5,214	)		76,199

For the Three and Nine months ended September 30, 2015 and 2014

~~(Continued next~~Note ~~page)~~1 – Organization, Nature of Business, and Significant Accounting Principles

~~F-4~~Organization and Nature of Business to Date

Garb Oil & Power Corporation (the “Company” or “Garb”) was incorporated in the State of Utah in 1972 under the name Autumn Day, Inc. The Company changed its name to Energy Corporation International in 1978 and ~~Subsidiaries~~to Garb-Oil Corporation of America in 1981, which marked the start of the Company’s development state in the energy and recycling industries. The Company changed its name to Garb Oil & Power Corporation in 1985 and then to Garb Corporation in May 2013. In February 2014, the Company changed its name back to Garb Oil & Power Corporation.

~~Consolidated Statements~~On October 27, 2009, the Company entered into an agreement to purchase Resource Protection Systems GmBH, a company organized and currently active under the laws of ~~Cash~~Germany ~~Flows~~(“RPS”). The purchase was for all outstanding shares, as well as for specified RPS assets and liabilities. The RPS specified assets were not transferred to the Company and therefore the purchase was not fully consummated. On January 15, 2010, RPS purchased 80% of the issued and outstanding stock of Newview S.L., a company organized under the laws of Spain (“Newview”).The Company, RPS and Newview were considered entities under common control.

~~(Continued)~~Effective August 21, 2013, all of the Company’s executive officers and directors at the time resigned and therefore the Company, RPS and Newview were no longer considered to be entities under common control. Also effective August 21, 2013, following the resignation of the Company’s management at the time, Ms. Tammy Taylor was appointed as the Company’s Chief Executive Officer, President and Principal Financial Officer, and Ms. M. Aimee Coleman was appointed as the Company’s Corporate Secretary and Principal Accounting Officer. Ms. Taylor was also appointed as the Company’s sole director.

	For the three months ended
	March 31, 2015			March 31, 2014
	(Unaudited)			(Unaudited)
Net cash used in investing activities		-			-
Cash flows from financing activities:
Proceeds from notes payable		5,040			-
Payments on notes payable		-			(10,000	)
Cash received on issuances of common stock - related parties		-			64,868
Net cash provided by financing activities		5,040			54,868
Net increase (decrease) in cash		(174	)		131,067
Cash at beginning of period		196			3
Cash at end of period	$	22		$	131,070
Supplemental disclosures of cash flow information:
Cash paid for:
Interest	$	-		$	-
Income taxes	$	-		$	-
Non-cash financing activities:
Accrued interest reclassified to note principal	$	3,180		$	-
Subscription receivable	$	-		$	403,815
Debt discount	$	5,040		$	-

On January 24, 2014 the Company signed a letter of intent (the “LOI”) and a collaborative effort agreement (the “CE Agreement”) with Shredderhotline.com Company (“Shredderhotline”) and Dan Scott Burda, Shredderhotline’s President/Owner. In general, the CE Agreement provided that the two ranking executive officers of both companies’ will collaborate on future sales and operations within a newly formed wholly owned subsidiary of the Company, Garb Global Services, Inc. (“Garb Global”). On November 18, 2014, the Company and Shredderhotline mutually determined that their business interests had diverged and the Company and Shredderhotline released one another from their rights and obligations under the LOI and CE Agreement both dated January 24, 2014. Garb Global continues as a wholly owned operating subsidiary of the Company. As of September 30, 2015, the Company's consolidated financial statements include the accounts of Garb and Garb Global. All intercompany accounts and transactions have been eliminated in consolidation.

~~The accompanying~~Basis ~~notes are an integral part~~ of ~~these consolidated financial statements.~~Presentation

FThe unaudited interim financial statements included herein have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). The financial statements and notes are presented as permitted on Form 10-5Q and do not contain information included in the Company’s annual statements and notes. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted pursuant to such rules and regulations, although the Company believes that the disclosures are adequate to make the information presented not misleading. It is suggested that these consolidated financial statements be read in conjunction with the December 31, 2014 audited financial statements and the accompanying notes thereto included in our annual report on Form 10-K. While management believes the procedures followed in preparing these unaudited financial statements are reasonable, the accuracy of the amounts are in some respects dependent upon the facts that will exist, and procedures that will be accomplished by the Company later in the year.

~~Garb Oil~~These &consolidated ~~Power~~unaudited ~~Corporation~~financial statements reflect all adjustments, including normal recurring adjustments which, in the opinion of management, are necessary to present fairly the operations and ~~Subsidiaries~~cash flows for the periods presented.

~~Notes to Consolidated Financial Statements~~F-4

~~(Unaudited)~~QuickLink to Table of Contents

~~For the~~Fair ~~Three~~Value ~~months~~of ~~ended~~Financial ~~March 31, 2015 and 2014~~Instruments

~~Note 1~~The –Company’s ~~Organization~~financial instruments include accounts receivable, ~~Nature~~accounts ofpayable ~~Business~~and accrued expenses, related party payable, notes payable, related party notes payable and ~~Basis~~derivative liabilities. The principal balance of ~~Presentation~~accounts receivable, accounts payable and accrued expenses, related party payable, notes payable and related party notes payable approximate fair value because current interest rates and terms available to the Company for similar instruments are substantially the same.

~~Organization and~~Derivative ~~Nature~~liabilities ofare ~~Business~~recorded toat ~~Date~~fair value. The Company uses a framework for measuring fair value with a three-tier fair value hierarchy which prioritizes the inputs used in measuring fair value as follows:

~~Garb Oil~~Level ~~& Power Corporation (the “Company” or “Garb”) was incorporated in the State of Utah in 1972 under the name Autumn Day, Inc~~1. ~~The~~Observable ~~Company~~inputs ~~changed~~such ~~its~~as ~~name~~quoted toprices ~~Energy Corporation International~~ in ~~1978~~active and to Garb-Oil Corporation of America in 1981, which marked the start of the Company’s development state in the energy and recycling industries. The Company changed its name to Garb Oil & Power Corporation in 1985 and then to Garb Corporation in May 2013. In February 2014, the Company changed its name back to Garb Oil & Power Corporation.markets;

~~On October~~Level ~~27, 2009, the Company entered into an agreement to purchase Resource Protection Systems GmBH, a company organized and currently active under the laws of Germany (“RPS”)~~2. ~~The purchase was for all outstanding shares~~Inputs, asother ~~well~~than ~~as for specified RPS assets and liabilities. The RPS specified assets were not transferred to~~ the ~~Company~~quoted ~~and~~prices ~~therefore~~in ~~the~~active ~~purchase was not fully consummated. On January 15~~markets, ~~2010,~~that ~~RPS~~are ~~purchased~~observable ~~80%~~either ofdirectly ~~the~~or ~~issued~~indirectly; and ~~outstanding stock of Newview S.L., a company organized under the laws of Spain (“Newview”). The Company, RPS and Newview were considered entities under common control.~~

~~Effective August~~Level ~~21,~~3. ~~2013,~~Unobservable ~~all~~inputs ofin ~~the~~which ~~Company’s~~there ~~executive~~is ~~officers~~little ~~and~~or ~~directors at the time resigned and therefore the Company, RPS and Newview were~~ no ~~longer~~market ~~considered to be entities under common control. Also effective August 21~~data, ~~2013,~~which ~~following~~requires the ~~resignation of~~reporting ~~the~~entity ~~Company’s~~to ~~management~~develop atits ~~the~~own ~~time, Ms~~assumptions. Tammy Taylor was appointed as the Company’s Chief Executive Officer, President and Principal Financial Officer, and Ms. M. Aimee Coleman was appointed as the Company’s Corporate Secretary and Principal Accounting Officer. Ms. Taylor was also appointed as the Company’s sole director.

~~On January~~The ~~24,~~fair ~~2014~~value ~~the~~hierarchy ~~Company~~for ~~signed~~recurring afair ~~letter~~value ofmeasurements ~~intent~~is (the “LOI”) and a collaborative effort agreement (the “CE Agreement”) with Shredderhotline.com Company (“Shredderhotline”) and Dan Scott Burda, Shredderhotline’s President/Owner. In general, the CE Agreement provided that the two ranking executive officers of both companies’ will collaborate on future sales and operations within a newly formed wholly owned subsidiary of the Company, Garb Global Services, Inc. (“Garb Global”). On November 18, 2014, the Company and Shredderhotline mutually determined that their business interests had diverged and the Company and Shredderhotline released one another from their rights and obligations under the LOI and CE Agreement both dated January 24, 2014. Garb Global continues as ~~an operating subsidiary of the Company.~~follows:

Basis of Presentation


	Fair Value		Fair Value Measurements at September 30, 2015
	as of		Using Fair Value Hierarchy
	September 30, 2015		Level 1		Level 2		Level 3
Liabilities:
Derivative liability	$	3,223,920	$	-	$	-	$	3,223,920
Derivative liability - related party	$	45,388	$	-	$	-	$	45,388

~~The unaudited interim financial statements included herein have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission~~ (~~“SEC”).~~Also ~~The~~see ~~financial~~Note ~~statements~~5 ~~and~~– ~~notes~~Derivative ~~are~~Liability ~~presented as permitted on Form 10-Q~~ and ~~do not~~Note ~~contain~~7 ~~information~~– ~~included~~Derivative inLiability ~~the~~– ~~Company’s~~Related annual statements and notes. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted pursuant to such rules and regulations, although the Company believes that the disclosures are adequate to make the information presented not misleading. It is suggested that these consolidated financial statements be read in conjunction with the December 31, 2014 audited financial statements and the accompanying notes thereto included in our annual report on Form 10-K. While management believes the procedures followed in preparing these unaudited financial statements are reasonable, the accuracy of the amounts are in some respects dependent upon the facts that will exist, and procedures that will be accomplished by the Company later in the year.Party)

~~F-6~~Receivables

~~These consolidated~~As ~~unaudited~~of ~~financial~~September ~~statements~~30, ~~reflect~~2015 ~~all~~and ~~adjustments~~December 31, ~~including~~2014 ~~normal~~the ~~recurring~~Company's ~~adjustments~~receivables ~~which~~include $249,051 inrelated ~~the~~to ~~opinion of~~cash received by former management without supportive cash receipts and $350,000 ~~are~~of ~~necessary~~accounts receivable derived from sales derived from sales of products and services to ~~present~~customers ~~fairly~~operating ~~the~~as ~~operations~~recyclers and ~~cash~~tire ~~flows~~wholesalers. Amounts that have been invoiced are recorded in accounts receivable when revenue recognition criteria have been met. The Company's allowance for ~~the~~doubtful ~~periods~~accounts ~~presented~~is based on its historical bad debt experience and on current management's evaluation of its ability to collect individual outstanding balances. The Company had an allowance for doubtful accounts of $599,051 as of September 30, 2015 and December 31, 2014.

~~Fair Value~~Revenue ofRecognition ~~Financial~~To ~~Instruments~~Date

~~The Company’s~~Revenue ~~financial~~is ~~instruments~~recognized ~~include~~when ~~accounts~~the ~~receivable,~~following ~~accounts~~criteria ~~payable~~are ~~and~~met: ~~accrued~~1. ~~expenses,~~persuasive ~~related~~evidence ~~party~~of ~~payable, notes~~an ~~payable~~arrangement exists, ~~related~~which ~~party~~is ~~notes~~generally ~~payable~~in ~~and~~the ~~derivative~~form ~~liabilities.~~of ~~The~~a ~~principal~~signed ~~balance~~contract ofwhich ~~accounts~~specifies ~~receivable~~a fixed price, ~~accounts payable~~2. ~~and~~the ~~accrued~~sales ~~expenses~~amount is determinable, ~~related~~3. ~~party~~when ~~payable,~~title ~~notes~~is ~~payable~~transferred, ~~and~~which ~~related~~is ~~party~~when ~~notes~~goods ~~payable~~shipped ~~approximate~~to ~~fair~~the ~~value~~customer ~~because current~~has ~~interest~~been ~~rates~~received and ~~terms~~accepted ~~available~~or toservices ~~the~~have ~~Company~~been ~~for~~rendered, ~~similar~~and ~~instruments~~4. ~~are~~collection ~~substantially~~is ~~the~~reasonably ~~same~~assured. The Company engages in product sales.

~~Derivative liabilities~~Note ~~are~~2 ~~recorded~~– atGoing ~~fair value. The Company uses a framework for measuring fair value with a three-tier fair value hierarchy which prioritizes the inputs used in measuring fair value as follows:~~Concern

~~Level 1~~The accompanying consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the ordinary course of business. ~~Observable~~As ~~inputs~~shown ~~such~~in the consolidated financial statements, the Company has incurred a net loss of $2,615,505 for the nine months ended September 30, 2015 and has a net accumulated deficit of $22,015,649. These factors, among others, raise substantial doubt about the Company’s ability to continue as ~~quoted~~a ~~prices~~going inconcern ~~active~~for ~~markets;~~a reasonable period of time. The consolidated financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amount and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. The Company’s ability to continue as a going concern is dependent upon its ability to generate sufficient cash flows to meet its obligations on a timely basis, to obtain additional financing as may be required, and its ability to continue its implementation of operations. Management is continuing its efforts to obtain the necessary financing as may be required to generate sufficient cash flows for current and future operations. Management is pursuing avenues of generating cash or revenues during the next twelve months. The Company is also attempting to interest purchasers, or potential purchasers, of shredders, recycling equipment and new tires, and establishing manufacturing plants. The Company also continues to pursue financing to build and operate its own waste refinement and recycling industrial manufacturing plants.

~~Level 2. Inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and~~F-5

~~Level 3.~~QuickLink ~~Unobservable inputs in which there is little or no market data, which requires the reporting entity~~ to ~~develop its own~~Table ~~assumptions.~~of Contents

~~The fair~~There ~~value~~is ~~hierarchy~~no ~~for~~assurance ~~recurring~~that ~~fair~~the ~~value~~Company ~~measurements~~will isbe able to obtain additional cash flow from operations or to obtain additional financing. If these are not available to the Company, the Company may not be able to continue operations. While management remains confident that transactions will proceed, no assurances can be expressed as ~~follows:~~to the Company’s continuing viability in the absence of revenues. Current funding has come from operations and sales and the Company is currently in negotiations with several investment sources for equity investment in the company, which if successful, will satisfy long-term operations and capital expenditures. There are no guarantees that such negotiations will be successful.

	Fair Value		Fair Value Measurements at March 31, 2015
	as of		Using Fair Value Hierarchy
	March 31, 2015		Level 1		Level 2		Level 3
Liabilities:
Derivative liability	$	2,482,896	$	-	$	2,482,896	$	-
Derivative liability - related party	$	35,499	$	-	$	35,499	$	-

Note 3 – Related Party Transactions

~~(Also~~Related ~~see Note~~party 5payable –consisted ~~Derivative~~of ~~Liability~~the ~~and~~following ~~Note~~at 7September –30, ~~Derivative Liability – Related Party)~~2015:

Note 2 – Going Concern


	September 30, 2015
Accounts payable to related parties, due on demand, no interest, unsecured	$	9,030
Total	$	9,030

~~The accompanying~~Note ~~consolidated~~4 – Notes financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the ordinary course of business. As shown in the consolidated financial statements, the Company has incurred a net loss of $(613,682) for the three months ended March 31, 2015 and has a net accumulated deficit of $(20,013,826). These factors, among others, raise substantial doubt about the Company’s ability to continue as a going concern for a reasonable period of time. The consolidated financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amount and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. The Company’s ability to continue as a going concern is dependent upon its ability to generate sufficient cash flows to meet its obligations on a timely basis, to obtain additional financing as may be required, and its ability to continue its implementation of operations. Management is continuing its efforts to obtain the necessary financing as may be required to generate sufficient cash flows for current and future operations. Management is pursuing avenues of generating cash or revenues during the next twelve months. The Company is also attempting to interest purchasers, or potential purchasers, of shredders, recycling equipment and new tires, and establishing manufacturing plants. The Company also continues to pursue financing to build and operate its own waste refinement and recycling industrial manufacturing plants.Payable

~~There is~~Both nosecured ~~assurance~~and ~~that~~unsecured ~~the~~notes ~~Company~~payable ~~will~~balance benet ~~able~~of todiscounts ~~obtain~~as ~~additional~~of ~~cash~~September ~~flow~~30, ~~from~~2015 ~~operations~~and orDecember ~~to obtain additional financing. If these are not available to the Company~~31, ~~the~~2014 ~~Company~~were ~~may not be able to continue operations. While management remains confident that transactions will proceed~~$1,749,702, nonet ~~assurances~~of ~~can~~debt bediscounts ~~expressed as to the Company’s continuing viability in the absence~~ of ~~revenues.~~ ~~Current~~$1,685 ~~funding has come from operations~~ and ~~sales~~$1,454,062, ~~and~~net ~~the~~of ~~Company~~debt isdiscounts ~~currently~~of ~~in negotiations with several investment sources for equity investment in the company~~$48, ~~which if successful~~189, ~~will satisfy long-term operations and capital expenditures~~respectively. ~~There are no guarantees that such negotiations will be successful.~~

~~F-7~~January 1, 2003 Note

A $68,493 unsecured promissory note was entered into on January 1, 2003, is due on demand and plus interest of 12%. The balance of the Note 3 –as ~~Related~~of ~~Party~~September ~~Transactions~~30, 2015 and December 31, 2014 was $68,493, net of debt discounts of $0.

~~Related party~~January ~~payable consisted of the following at March 31~~1, ~~2015:~~2003 Note

	March 31, 2015
Accounts payable to related parties, due on demand, no interest, unsecured	$	2,795
Total	$	2,795

A $165,000 unsecured promissory note was entered into on January 1, 2003, is due on demand and plus interest of 12%. The balance of the Note as of September 30, 2015 and December 31, 2014 was $165,000, net of debt discounts of $0.

~~As of~~January ~~March 31~~21, ~~2015,~~2003 accounts receivable related to cash received by former management without supportive cash receipts was $249,051. As of March 31, 2015, allowances for bad debt was $249,051, resulting in net accounts receivable from related party balances as of March 31, 2015 as $0.Note

A $20,000 unsecured promissory note was entered into on January 21, 2003, is due on demand and plus interest of 10%. The balance of the Note 4 –as ~~Notes~~of ~~Payable~~September 30, 2015 and December 31, 2014 was $20,000, net of debt discounts of $0.

~~Both secured~~June ~~and unsecured notes payable balance net of discounts as of March 31~~24, ~~2015~~2006 ~~and December 31, 2015 were $1,510,835, net of debt discounts of $35,137 and $1,454,062, net of debt discounts of $48,189, respectively.~~Note

A $53,000 promissory note was entered into on June 24, 2006 secured by sales contract and officer guarantee, is due on demand, plus interest of 12% and plus a $5,000 default interest penalty per week. During the year ended December 31, 2013, the Company and the note holder entered into a debt settlement agreement on this note and the January 1 3, ~~2003~~2002 Note that resulted in forgiveness of the June 24, 2006 Note principal over $35,000 and all accrued interest. During the year ended December 31, 2014, the Company paid $20,000 cash payments toward the June 24, 2006 Note that was settled as a principal only note. The balance of the Note as of September 30, 2015 and December 31, 2014 was $15,000, net of debt discounts of $0.

~~A $68,493~~July ~~unsecured promissory note was entered into on January 1~~5, ~~2003,~~2006 ~~is due on demand and plus interest of 12%. The balance of the~~ Note ~~as of March 31, 2015 and December 31, 2014 was $68,493, net of debt discounts of $0.~~

~~January 1~~A $2,250 ~~2003~~unsecured promissory note was entered into on July 5, 2006, was due September 5, 2006, plus interest of 5% per month and is in default. The balance of the Note as of September 30, 2015 and December 31, 2014 was $2,250, net of debt discounts of $0.

~~A $165,000~~July ~~unsecured promissory note was entered into on January 1~~5, ~~2003,~~2006 ~~is due on demand and plus interest of 12%. The balance of the~~ Note ~~as of March 31, 2015 and December 31, 2014 was $165,000, net of debt discounts of $0.~~

~~January 21~~A $2,750 ~~2003~~unsecured promissory note was entered into on July 5, 2006, was due September 5, 2006, plus interest of 5% per month and is in default. The balance of the Note as of September 30, 2015 and December 31, 2014 was $2,750, net of debt discounts of $0.

~~A $20,000~~October ~~unsecured promissory note was entered into on January 21~~11, ~~2003,~~2007 ~~is due on demand and plus interest of 10%. The balance of the~~ Note ~~as of March 31, 2015 and December 31, 2014 was $20,000, net of debt discounts of $0.~~

~~June 24~~A $129,327 unsecured promissory note was entered into on October 11, 2007, is due on demand, plus interest of 18% from October 7, 2005 through January 6, 2006 ~~Note~~then $500 per week through April 1, 2009, then $5,000 per month. During the year ended December

A $53,000 promissory note was entered into on June 24, 2006 secured by sales contract and officer guarantee, is due on demand, plus interest of 12% and plus a $5,000 default interest penalty per week. During the year ended December 31, 2013, the Company and the note holder entered into a debt settlement agreement on this note and the January 3, 2002 Note that resulted in forgiveness of the June 24, 2006 Note principal over $35,000 and all accrued interest. During the year ended December 31, 2014, the Company paid $20,000 cash payments toward the June 24, 2006 Note that was settled as a principal only note. The balance of the Note as of March 31, 2015 and December 31, 2014 was $15,000, net of debt discounts of $0.F-6

~~July 5,~~QuickLink ~~2006~~to ~~Note~~Table of Contents

~~A $2~~31, 2012, the Company issued a total of 15,250,000,000 ~~unsecured~~shares ~~promissory~~of ~~note~~common ~~was~~stock ~~entered~~at ~~into~~an onaverage ~~July~~conversion 5price of $.000001, ~~2006~~or $15,250 ~~was~~as ~~due~~repayment ~~September~~to 5the original debt holder for principal and accrued interest. During the year ended December 31, ~~2006~~2013 the original debt holder assigned $6,000 ~~plus~~worth of note’s accrued interest. During ofthe 5%year ~~per~~ended ~~month~~December 31, 2012 the original debt holder assigned $49,000 worth of note’s principle and is inaccrued ~~default~~interest. The balance of the October 11, 2007 Note owed to the original debt holder as of ~~March~~September 3130, 2015 and December 31, 2014 was $2327,~~250,~~ net of debt discounts of $0.

~~F-8~~During the year ended December 31, 2012, the Company issued a total of 6,350,000,000 shares of common stock at an average conversion price of $.000006, or $35,750, as repayment for a portion of the year ended December 31, 2012 Assigned October 11, 2007 Note. The Assigned October 11, 2007 Notes balances total $13,250 as of September 30, 2015 and December 31, 2014, net of debt discounts of $0.

~~July 5~~December 31, ~~2006~~2009 Note

A $26,~~750~~000 unsecured promissory note was entered into on ~~July~~December 531, ~~2006~~2009, ~~was~~is due ~~September~~on 5,demand ~~2006,~~and plus interest of 536% ~~per month and is in default~~. The balance of the Note as of ~~March~~September 3130, 2015 and December 31, 2014 was $26,~~750~~000, net of debt discounts of $0.

~~October 11~~December 31, ~~2007~~2009 Note

A $~~129~~7,~~327~~500 unsecured promissory note was entered into on ~~October~~December 1131, ~~2007~~2009, is due on demand, and plus interest of 1810% ~~from October 7, 2005 through January 6, 2006 then $500 per week through April 1, 2009, then $5,000 per month~~. During the year ended December 31, 2012, the Company issued a total of 15,250,000,000 shares of common stock at an average conversion price of $.000001, or $15,250 as repayment to the original debt holder for principal and accrued interest. During the year ended December 31, 2013 the original debt holder assigned $6,000 worth of note’s accrued interest. During the year ended December 31, 2012 the original debt holder assigned $49,000 worth of note’s principle and accrued interest. The balance of the ~~October 11, 2007~~ Note ~~owed to the original debt holder~~ as of ~~March~~September 3130, 2015 and December 31, 2014 was $~~327~~7,500, net of debt discounts of $0.

~~During the year ended~~ December 31, ~~2012,~~2009 the Company issued a total of 6,350,000,000 shares of common stock at an average conversion price of $.000006, or $35,750, as repayment for a portion of the year ended December 31, 2012 Assigned October 11, 2007 Note~~. The Assigned October 11, 2007 Notes balances total $13,250 as of March 31, 2015 and December 31, 2014, net of debt discounts of $0.~~

A $3,000 unsecured promissory note was entered into on December 31, 2009, is due on demand and plus interest of 36%. The balance of the Note as of September 30, 2015 and December 31, 2014 was $3,000, net of debt discounts of $0.

~~A $6,000~~June ~~unsecured promissory note was entered into on December 31~~23, ~~2009,~~2010 ~~is due on demand and plus interest of 36%. The balance of the~~ Note ~~as of March 31, 2015 and December 31, 2014 was $6,000, net of debt discounts of $0.~~

On June 23, 2010 the Company converted $43,217 of accounts payable into an unsecured promissory note. The note bears interest at 6% per annum and is due on demand. The balance of the June 22, 2010 Note as of September 30, 2015 and December 31, ~~2009~~2014 ~~Note~~was $43,217, net of debt discounts of $0.

~~A $7,500~~June ~~unsecured promissory note was entered into on December 31~~29, ~~2009,~~2010 ~~is due on demand and plus interest of 10%. The balance of the~~ Note ~~as of March 31, 2015 and December 31, 2014 was $7,500, net of debt discounts of $0.~~

On June 29, 2010 the Company issued an unsecured promissory note to a professional services provider for $300,000 related to consulting services rendered. The note bears interest at 18% per annum and has a maturity date of July 1, 2010. The note agreement contains a 10% penalty clause if the Company fails to make payment at the maturity date. On July 2, 2010 the Company was in default of the note and recorded penalties of $30,296 to interest expense. During the year ended December 31, ~~2009~~2011, the professional services provider (“Assignor”) entered into $309,250 worth of certain assignment of debt agreements with several investors (“Assignees”) pursuant to which the Assignor granted, transferred and set over until the Assignees its right, title and interest in the June 29, 2010 Note including, without limitation, all rights, interest terms, benefits and advantages of the Assignor to be derived here from and burdens, obligations and liabilities to be derived thereunder. The balance of the June 29, 2010 Note owed to the professional services provider as of September 30, 2015 and December 31, 2014 was $21,046, net of debt discounts of $0.

~~A $3,000~~During ~~unsecured~~the ~~promissory~~year ~~note~~ended ~~was~~December ~~entered~~31, ~~into~~2012, onthe ~~December~~Company ~~31,~~issued ~~2009~~a total of 324,285,714 isshares ~~due~~of oncommon ~~demand~~stock ~~and~~at ~~plus~~an ~~interest~~average conversion price of ~~36%~~$.00012, ~~The~~or ~~balance~~ $39,000, as repayment for several of the year ended December 31, 2011 Assigned June 29, 2010 Note. The Assigned June 29, 2010 Notes balances as of ~~March~~September 3130, 2015 and December 31, 2014 was $357,000, net of debt discounts of $0.

~~June 23~~December 29, 2010 Note

On ~~June~~ 23December 29, 2010 the Company ~~converted~~issued ~~$43,217~~an ofunsecured ~~accounts~~promissory ~~payable~~note ~~into~~to ana ~~unsecured~~professional ~~promissory~~services ~~note~~provider for $50,000 related to consulting services rendered. The note bears interest at 6 18% per annum and ishas ~~due~~a onmaturity ~~demand~~date of December 31, 2010. The note agreement contains a 10% penalty clause if the Company fails to make payment at the maturity date. On December 31, 2010 the Company was in default of the Note and recorded penalties of $5,049 to interest expense. The balance of the ~~June~~December 2229, 2010 Note as of ~~March~~September 3130, 2015 and December 31, 2014 was $4355,~~217~~049, net of debt discounts of $0.

~~June 29, 2010 Note~~F-7

~~On June~~QuickLink ~~29, 2010 the Company issued an unsecured promissory note~~ to aTable ~~professional services provider for $300,000 related to consulting services rendered. The note bears interest at 18% per annum and has a maturity date~~ of July 1, 2010. The note agreement contains a 10% penalty clause if the Company fails to make payment at the maturity date. On July 2, 2010 the Company was in default of the note and recorded penalties of $30,296 to interest expense. During the year ended December 31, 2011, the professional services provider (“Assignor”) entered into $309,250 worth of certain assignment of debt agreements with several investors (“Assignees”) pursuant to which the Assignor granted, transferred and set over until the Assignees its right, title and interest in the June 29, 2010 Note including, without limitation, all rights, interest terms, benefits and advantages of the Assignor to be derived here from and burdens, obligations and liabilities to be derived thereunder. The balance of the June 29, 2010 Note owed to the professional services provider as of March 31, 2015 and December 31, 2014 was $21,046, net of debt discounts of $0.Contents

~~F-9~~September 22, 2011 Note

~~During the~~On ~~year~~September ~~ended December 31~~22, ~~2012,~~2011 the Company issued aan ~~total~~unsecured convertible note in the principal amount of ~~324~~$20,~~285~~000 in exchange for $20,~~714~~000 ~~shares~~in ofcash ~~common~~consideration. ~~stock~~The note bears interest at an8% ~~average~~per ~~conversion~~annum, ~~price~~ has a maturity date of ~~$.00012~~September 22, or2012 ~~$39,000,~~and ashas ~~repayment~~a ~~for~~24% ~~several~~default ofinterest rate should the ~~year~~note ~~ended~~go ~~December~~into 31default. On September 23, ~~2011~~2012 ~~Assigned~~the ~~June~~Company ~~29,~~defaulted ~~2010~~on ~~Note.~~the note and the note interest per annum increased to 24%. The ~~Assigned June~~balance ~~29,~~of ~~2010~~the ~~Notes~~September ~~balances~~22, 2011 Note as of ~~March~~September 3130, 2015 and December 31, 2014 was $5720,000, both net of debt discounts of $0.

~~December 29~~October 1, ~~2010~~2011 Note

On ~~December~~ 29October 1, ~~2010~~2011 the Company issued an unsecured promissory note to a professional services provider for $5040,~~000~~700 related to consulting services rendered. The note bears interest at 1810% per annum and has a maturity date of ~~December~~April 311, ~~2010~~2012. ~~The note agreement contains a 10% penalty clause if the Company fails to make payment at the maturity date.~~ On ~~December~~April 312, ~~2010~~2012 the Company ~~was~~defaulted inon ~~default of~~ the ~~Note and recorded penalties of $5,049 to interest expense~~note. The balance of the ~~December~~October 291, ~~2010~~2011 Note as of ~~March~~September 3130, 2015 and December 31, 2014 was $5540,~~049~~700, both net of debt discounts of $0.

~~September 22~~November 2, 2011 Note

On ~~September~~ 22November 2, 2011 the Company issued an unsecured convertible note in the principal amount of $2033,000 in exchange for $2033,000 in cash consideration. The note bears interest at 8% per annum, has a maturity date of ~~September~~November 222, 2012 and has a 24% default interest rate should the note go into default. On ~~September~~November 233, 2012 the Company defaulted on the note and the note interest per annum increased to 24%. The balance of the ~~September~~November 222, 2011 Note as of ~~March~~September 3130, 2015 and December 31, 2014 was $2033,000, both net of debt discounts of $0.

~~October 1~~December 30, 2011 Note 3

On ~~October~~ 1December 30, 2011 the Company issued an unsecured promissory note toin athe ~~professional~~principal ~~services~~amount ~~provider~~of $22,000 in exchange for $4022,~~700~~000 ~~related~~in tocash ~~consulting services rendered~~consideration. The note bears interest at 10% per annum and has a maturity date of ~~April~~September 130, 2012. On ~~April~~July 21, 2012 the Company defaulted on the note. The balance of the ~~October~~December 130, 2011 Note 3 as of ~~March~~September 3130, 2015 and December 31, 2014 was $4022,~~700~~000, both net of debt discounts of $0.

~~November 2~~March 7, ~~2011~~2012 Note

On ~~November~~ 2March 7, ~~2011~~2012 the Company ~~issued~~borrowed ~~an unsecured convertible note in the principal amount of~~ $3310,000 inpursuant ~~exchange~~to ~~for~~an ~~$33,000~~unsecured ~~in cash~~convertible ~~consideration~~note. The note bears interest at 87% per annum, and has a maturity date of ~~November~~January 224, ~~2012~~2013. The ~~and~~note ~~has~~agreement contains a 24change in the interest rate to 20% default interest rate should the note go into default. On ~~November~~January 325, ~~2012~~2013 the Company defaulted on the note and the note interest per annum increased to 2420%. The balance of the ~~November~~March 27, ~~2011~~2012 Note as of ~~March~~September 3130, 2015 and December 31, 2014 was $3310,000, ~~both~~ net of debt discounts of $0.

~~December 30~~May 16, ~~2011~~2012 Note 3

On ~~December~~ 30May 16, ~~2011~~2012 the Company ~~issued~~borrowed ~~an unsecured promissory note in the principal amount of~~ $2220,000 inpursuant ~~exchange~~to ~~for~~an ~~$22,000~~unsecured ~~in cash~~convertible ~~consideration~~note. The note bears interest at 1015% per annum, ~~and~~ has a maturity date of ~~June~~February 3016, ~~2012~~2013, and unpaid accrued interest is added to the note’s principal balance at the end of each quarter. The note agreement contains a change in the interest rate to $500 per day default interest rate (or the highest rate allowed by law) should the note go into default. On ~~July~~February 117, ~~2012~~2013 the Company defaulted on the note and the note interest increased to $500 per day. During the nine months ended September 30, 2015, $3,375 accrued interest was added to the note’s principal balance. During the year ended December 31, 2014, $8,901 accrued interest was added to the note’s principal balance. The balance of the ~~December~~May 3016, ~~2011~~2012 Note 3 as of ~~March~~September 3130, 2015 was $32,276 including added accrued interest to date of $12,276 and December 31, 2014 was $2228,~~000~~901 including added accrued interest to date of $8,901, both net of debt discounts of $0.

~~March 7~~May 23, 2012 Note

On ~~March~~ 7May 23, 2012 the Company borrowed $1015,000 pursuant to an unsecured convertible note. The note bears interest at 715% per annum ~~and~~, has a maturity date of ~~January~~May 2423, 2013., and unpaid accrued interest is added to the note’s principal balance at the end of each quarter. The note agreement contains a change in the interest rate to ~~20%~~$500 per day default interest rate (or the highest rate allowed by law) should the note go into default. On ~~January~~May 2524, 2013 the Company defaulted on the note and the note interest ~~per annum~~ increased to ~~20%~~$500 per day. During ~~The~~the ~~balance~~nine ofmonths ~~the~~ended ~~March~~September 730, ~~2012~~2015, ~~Note~~$2,531 asaccrued ofinterest ~~March~~was ~~31,~~added ~~2015~~to ~~and~~the note’s principal balance. During the year ended December 31, 2014, ~~was~~ $106,~~000,~~676 ~~net~~accrued ofinterest ~~debt~~was ~~discounts~~added ~~of $0~~to the note’s principal balance. The balance of the May 23,

~~May 16, 2012 Note~~F-8

~~On May~~QuickLink ~~16, 2012 the Company borrowed $20,000 pursuant~~ to anTable ~~unsecured convertible note. The note bears interest at 15% per annum, has a maturity date~~ of February 16, 2013, and unpaid accrued interest is added to the note’s principal balance at the end of each quarter. The note agreement contains a change in the interest rate to $500 per day default interest rate (or the highest rate allowed by law) should the note go into default. On February 17, 2013 the Company defaulted on the note and the note interest increased to $500 per day. During the three months ended March 31, 2015, $1,084 accrued interest was added to the note’s principal balance. During the year ended December 31, 2014, $8,901 accrued interest was added to the note’s principal balance. The balance of the May 16, 2012 Note as of March 31, 2015 was $29,985 including added accrued interest to date of $9,985 and December 31, 2014 was $28,901 including added accrued interest to date of $8,901, both net of debt discounts of $0.Contents

~~F-10~~2012 Note as of September 30, 2015 was $24,207 including added accrued interest to date of $9,207 and December 31, 2014 was $21,676 including added accrued interest to date of $6,676, both net of debt discounts of $0.

~~May 23~~June 16, 2012 Note

On ~~May~~ 23June 16, 2012 the Company ~~borrowed~~issued a $15700,000 ~~pursuant~~unsecured toconvertible annote in exchange for consolidating and paying in full the unsecured ~~convertible~~notes’ ~~note.~~outstanding ~~The~~principal ~~note~~and ~~bears~~accrued interest atthat ~~15%~~are ~~per~~identified ~~annum, has~~below. aThe ~~maturity~~principal ~~date~~total of ~~May~~the ~~23,~~notes ~~2013~~consolidated into the June 16, ~~and~~2012 ~~unpaid~~Note ~~accrued~~was ~~interest~~$544,787 iswith ~~added~~the toCompany recognizing the ~~note’s~~additional $155,213 principal ~~balance~~as consulting services expense. The note bears interest at ~~the~~6% ~~end~~per annum and has a maturity date of ~~each~~ ~~quarter.~~June 16, 2014. The note agreement contains a change in the interest rate to ~~$500~~24% ~~per day~~ default interest rate ~~(or the highest rate allowed by law)~~ should the note go into default. On ~~May~~June 2417, ~~2013~~2014 the Company defaulted on the note and the note interest ~~increased~~ toper ~~$500~~annum ~~per~~increased ~~day.~~to 24%. During the ~~three~~year ~~months~~ ended ~~March~~December 31, ~~2015~~2014, ~~$813~~the ~~accrued~~Company ~~interest~~issued ~~was~~a ~~added~~total toof ~~the~~1,428,571 ~~note’s~~429 ~~principal balance.~~shares ~~During~~of ~~the~~common ~~year~~stock ~~ended~~at ~~December~~an ~~31,~~average ~~2014,~~conversion price of $60.0007,~~676~~ ~~accrued~~or ~~interest~~$100,000 ~~was~~as ~~added~~partial torepayment of the ~~note’s~~June ~~principal~~16, ~~balance.~~2012 Note. The balance of the ~~May~~June 2316, 2012 Note as of ~~March~~September 3130, 2015 ~~was $22,489 including added accrued interest to date of $7,489~~ and December 31, 2014 was $21600,~~676 including added accrued interest to date of $6~~000,~~676,~~ ~~both~~ net of debt discounts of $0.

Notes consolidated into the June 16, 2012 Note

On June 1629, ~~2012~~2010 ~~the~~Note ~~Company issued a $700,000 unsecured convertible note in exchange~~ for consolidating and paying in full the unsecured notes’ outstanding principal and accrued interest that are identified below. The principal total of the notes consolidated into the June 16, 2012 Note was $544,787 with the Company recognizing the additional $155,213 principal as consulting services ~~expense. The note bears interest at 6% per annum and has a maturity date of June 16~~, 2014. The note agreement contains a change in the interest rate to 24% default interest rate should the note go into default. On June 17, 2014 the Company defaulted on the note and the note interest per annum increased to 24%. During the year ended December 31, 2014, the Company issued a total of 1,428,571 429 shares of common stock at an ~~average~~assignee ~~conversion~~– ~~price of~~ $~~0.0007~~19, ~~or $100,~~000 asremaining ~~partial~~assigned ~~repayment~~principal ofplus ~~the~~accrued ~~June 16, 2012 Note. The balance of the June 16, 2012 Note as of March 31, 2015 and December 31, 2014 was $600,000, net of debt discounts of $0.~~interest

~~Notes consolidated~~June ~~into~~29, ~~the~~2010 ~~June~~Note 16for consulting services, ~~2012~~an ~~Note~~assignee – $12,500 remaining assigned principal plus accrued interest

~~June 29~~October 15, 2010 Note 1 for consulting services, an assignee – $1925,000 ~~remaining~~ assigned principal plus accrued interest

~~June 29~~October 15, 2010 Note 2 for consulting services, an assignee – $1225,~~500~~000 ~~remaining~~ assigned principal plus accrued interest

~~October 15~~December 14, 2010 Note 1 for ~~consulting~~cash ~~services,~~received ~~an assignee~~ – $253,~~000~~902 ~~assigned~~remaining principal plus accrued interest

~~October 15~~January 24, ~~2010~~2011 Note 2 for consulting services, ~~an assignee~~ – $~~25,000~~615 ~~assigned~~ principal plus accrued interest

~~December 14~~February 2, ~~2010~~2011 Note for ~~cash~~consulting ~~received~~services – $~~3,902~~500 ~~remaining~~ principal plus accrued interest

~~January~~ February 24, 2011 Note for consulting services, an assignee – $~~615~~16,000 remaining assigned principal plus accrued interest

~~February 2~~April 1, 2011 Note 1 for consulting services – $~~500~~1,336 principal plus accrued interest

~~February 24~~April 1, 2011 Note 2 for consulting services, an assignee – $1650,000 ~~remaining~~ assigned principal plus accrued interest

~~April 1~~May 12, 2011 Note 1 for consulting services – $1100,~~336~~000 principal plus accrued interest

~~April~~ July 1, 2011 Note 21 for consulting services, an assignee – $5010,~~000~~500 assigned principal plus accrued interest

~~May 12~~July 1, 2011 Note 2 for consulting services, an assignee – $~~100~~30,000 assigned principal plus accrued interest

~~July 1~~October 7, 2011 Note 1 for ~~consulting~~cash ~~services,~~received ~~an assignee~~ – $1025,~~500~~000 ~~assigned~~ principal plus accrued interest

~~July 1~~December 13, 2011 Note 2 for consulting services, ~~an assignee~~ – $307,000 ~~assigned~~ principal plus accrued interest

~~October 7~~January 13, ~~2011~~2012 Note for cash received – $25,000 principal plus accrued interest

~~December 13~~February 15, ~~2011~~2012 Note for consulting services, an assignee – $722,~~000~~500 assigned principal plus accrued interest

~~January 13~~February 20, 2012 Note for ~~cash~~consulting ~~received~~services, an assignee – $2540,000 assigned principal plus accrued interest

~~February 15~~July 2, 2012 Note ~~for consulting services, an assignee – $22,500 assigned principal plus accrued interest~~

~~February 20~~On July 2, 2012 ~~Note~~the ~~for~~Company ~~consulting~~borrowed ~~services~~$15,000 pursuant to an ~~assignee~~unsecured –convertible note. The note bears interest at 15% per annum, has a maturity date of July 2, 2013, and unpaid accrued interest is added to the note’s principal balance at the end of each quarter. The note agreement contains a change in the interest rate to $40500 per day default interest rate (or the highest rate allowed by law) should the note go into default. During the nine months ended September 30,~~000~~ ~~assigned~~2015, $2,440 accrued interest was added to the note’s principal ~~plus~~balance. During the year ended December 31, 2014, $5,892 accrued interest was added to the note’s principal balance. The balance of the July 2, 2012 Note as of September 30, 2015 was $23,332 including added accrued interest to date of $8,332 and December 31, 2014 was $20,892 including added accrued interest to date of $5,892, both net of debt discounts of $0.

~~July 2~~March 12, ~~2012~~2013 Note

On ~~July~~ 2March 12, ~~2012~~2013 the Company borrowed $1514,000 pursuant to an unsecured convertible note. The note bears interest at 1510% per annum, has a maturity date of ~~July~~March 212, ~~2013~~2014, and ~~unpaid~~accrues ~~accrued~~liquidating ~~interest~~damages isof $250 per day added to the ~~note’s~~ principal balance of the note that may be settled to some lower amount at the ~~end~~time of ~~each~~ ~~quarter.~~payment in full. The note agreement contains a change in the interest rate to ~~$500~~20% ~~per day~~ default interest rate ~~(or~~should the ~~highest rate~~note ~~allowed~~go byinto ~~law)~~default. On ~~should~~March 13, 2014 the Company defaulted on the note goand ~~into~~the ~~default.~~note interest per annum increased to 20%. During the ~~three~~nine months ended ~~March~~September 3130, 2015, $~~784~~68,250 of accrued ~~interest~~liquidating damages was added to the note’s principal ~~balance~~. During the year ended December 31, 2014, $573,~~892~~250 of accrued ~~interest~~liquidating damages was added to the note’s principal balance. The balance of the ~~July~~March 212, ~~2012~~2013 Note as of ~~March~~September 3130, 2015 was $21155,~~676~~500 including ~~added~~$141,500 of accrued ~~interest~~ liquidating damages to date ~~of $6,676~~ and December 31, 2014 was $2087,~~892~~250 including ~~added~~$73,250 of accrued ~~interest~~liquidating damages to date ~~of $5~~,~~892,~~ both net of debt discounts of $0.

F-119

~~March 12,~~QuickLink ~~2013~~to ~~Note~~Table of Contents

~~On March~~April 1217, 2013 the Company borrowed $14,000 pursuant to an unsecured convertible note. The note bears interest at 10% per annum, has a maturity date of March 12, 2014, and accrues liquidating damages of $250 per day added to the principal balance of the note that may be settled to some lower amount at the time of payment in full. The note agreement contains a change in the interest rate to 20% default interest rate should the note go into default. On March 13, 2014 the Company defaulted on the note and the note interest per annum increased to 20%. During the three months ended March 31, 2015, $22,500 of accrued liquidating damages was added to the note’s principal. During the year ended December 31, 2014, $73,250 of accrued liquidating damages was added to the note’s principal balance. The balance of the March 12, 2013 Note as of March 31, 2015 was $109,750 including $95,750 of accrued liquidating damages to date and December 31, 2014 was $87,250 including $73,250 of accrued liquidating damages to date, both net of debt discounts of $0.

On April 17, 2013 the Company borrowed $3,000 pursuant to an unsecured promissory note. The note bears interest at 10% per annum and has a maturity date of June 15, 2013. On June 16, 2013 the Company defaulted on the note. The balance of the April 17, 2013 Note as of September 30, 2015 and December 31, 2014 was $3,000, net of debt discounts of $0.

On April 1727, 2013 the Company borrowed $3,000 pursuant to an unsecured promissory note. The note bears interest at 10% per annum and has a maturity date of June 15, 2013. On June 16, 2013 the Company defaulted on the note. The balance of the April 17, 2013 Note ~~as of March 31, 2015 and December 31, 2014 was $3,000, net of debt discounts of $0.~~

On April 27, 2013 the Company borrowed $700 pursuant to an unsecured promissory note. The note bears interest at 10% per annum and has a maturity date of August 25, 2013. On August 26, 2013 the Company defaulted on the note. The balance of the April 27, 2013 Note as of September 30, 2015 and December 31, 2014 was $700, net of debt discounts of $0.

~~On April~~May 2719, 2013 the Company borrowed $700 pursuant to an unsecured promissory note. The note bears interest at 10% per annum and has a maturity date of August 25, 2013. On August 26, 2013 the Company defaulted on the note. The balance of the April 27, 2013 Note as of March 31, 2015 and December 31, 2014 ~~was $700, net of debt discounts of $0.~~Note

On May 19, 2014 ~~Note~~the Company entered into a $60,000 unsecured convertible note for $50,000 cash to be borrowed during the year ended December 31, 2014 plus a total of $10,000 in loan fees the Company recorded as an administrative expense as cash was borrowed. The note bears interest at 8% per annum and has a maturity date 12 months after cash is borrowed. The note agreement contains a change in the interest rate to 20% default interest rate should the note go into default and required 300,000,000 shares of Company’s common stock to be reserved, but was canceled on October 8, 2014. Also if the note should go into default, the note accrues liquidating damages of $1,000 per day added to the principal balance of the note that may be settled to some lower amount at the time of payment in full. During the year ended December 31, 2014 the Company borrowed $50,000 cash and incurred $10,000 in loan fees. $12,000 of the note has a maturity date of May 19, 2015, $6,000 of the note has a maturity date of July 3, 2015, and $42,000 of the note has a maturity date of September 18, 2015.

On May 1920, ~~2014~~2015 the Company ~~entered~~defaulted ~~into~~on athe ~~$60,000 unsecured convertible~~ note ~~for~~and ~~$50,000 cash to be borrowed during~~ the ~~year~~entire ~~ended December 31, 2014 plus a total of $10,000 in loan fees the Company recorded as an administrative expense as cash was borrowed. The~~ note ~~bears~~ interest ~~at 8%~~ per annum ~~and~~increased ~~has a maturity date 12 months after cash is borrowed. The note agreement contains a change in the interest rate~~ to 20%. During ~~default interest rate should~~ the ~~note~~nine gomonths ~~into~~ended ~~default~~September ~~and~~30, ~~required~~2015, ~~300~~$134,000~~,000~~ ~~shares~~ of ~~Company’s~~ ~~common~~accrued ~~stock~~liquidating todamages ~~be reserved, but~~ was ~~cancelled~~added onto ~~October~~the 8,note’s ~~2014~~principal. The ~~During~~balance of the ~~year~~May ~~ended December 31~~19, 2014 ~~the Company~~Note ~~borrowed~~as ~~$50,000~~of ~~cash~~September ~~and~~30, ~~incurred~~2015 was $10194,000 inincluding ~~loan fees.~~ $12134,000 of ~~the~~accrued ~~note~~liquidating ~~has~~damages ato ~~maturity~~ date ~~of May 19~~, ~~2015,~~net ~~$6,000~~ of ~~the~~debt ~~note~~discounts ~~has~~of a$0 ~~maturity~~and ~~date~~December ~~of July 3~~31, ~~2015,~~2014 ~~and~~was $4222,~~000~~339, net of ~~the~~debt ~~note~~discounts ~~has a maturity date~~ of ~~September 18~~$37, ~~2015~~661.

~~The balance~~June ~~of the May 19~~3, 2014 Note ~~as of March 31, 2015 was $35,654, net of debt discounts of $24,346 and December 31, 2014 was $22,339, net of debt discounts of $37,661.~~

On June 3, 2014 the Company entered into a $6,250 unsecured convertible note for a $5,000 cash loan plus $1,250 in documentation fees the Company recorded as an administrative expense. The note bears interest at 0% per annum and has a maturity date of June 3, 2015. The note agreement contains a change in the interest rate to 10% default interest rate should the note go into default, interest accruing from the June 3, 2014 Note date. On June 4, 2015 the Company defaulted on the note and the note interest per annum increased to 10% accruing from the June 3, 2014 Note date. The balance of the June 3, 2014 Note as of September 30, 2015 was $6,250, net of debt discounts of $0 and December 31, 2014 was $3,613, net of debt discounts of $2,637.

~~On June~~August 313, 2014 the Company entered into a $6,250 unsecured convertible note for a $5,000 cash loan plus $1,250 in documentation fees the Company recorded as an administrative expense. The note bears interest at 0% per annum and has a maturity date of June 3, 2015. The note agreement contains a change in the interest rate to 10% default interest rate should the note go into default, interest accruing from the June 3, 2014 Note ~~date. The balance of the June 3, 2014 Note as of March 31, 2015 was $4,932, net of debt discounts of $1,318 and December 31, 2014 was $3,613, net of debt discounts of $2,637.~~

On August 13, 2014 the Company borrowed $33,000 pursuant to a discounted unsecured convertible note amount of $46,500 when the note matures. The $13,500 discount will be an administrative expense once the note matures. The note bears interest at 0% per annum, has a maturity date of February 13, 2015 and has a 12% default interest rate should the note go into default. The note agreement required 3,000,000,000 shares of Company’s common stock to be reserved, but was canceled on September 23, 2014. On February 14, 2015 the Company defaulted on the note and the note interest per annum increased to 12%. The balance of the August 13, 2014 Note as of September 30, 2015 was $46,500, net of debt discounts of $0 and December 31, 2014 was $25,109, net of debt discounts of $7,891.

On August 13, 2014 the Company borrowed $33,000 pursuant to a discounted unsecured convertible note amount of $46,500 when the note matures. The $13,500 discount will be an administrative expense once the note matures. The note bears interest at 0% per annum, has a maturity date of February 13, 2015 and has a 12% default interest rate should the note go into default. The note agreement required 3,000,000,000 shares of Company’s common stock to be reserved, but was cancelled on September 2310, 2014. ~~On February 14, 2015 the Company defaulted on the note and the note interest per annum increased to 12%. The balance of the August 13, 2014~~ Note ~~as of March 31, 2015 was $41,239, net of debt discounts of $5,261 and December 31, 2014 was $25,109, net of debt discounts of $7,891.~~

~~F-12~~On September 10, 2014 the Company entered into a $29,000 unsecured convertible note for $25,000 cash borrowed during the nine months ended June 30, 2012 plus $4,000 in loan fees the Company recorded as an administrative expense. The note bears interest at 8% per annum, has a maturity date of September 10, 2015, and accrues liquidating damages of $1,000 per day added to the principal balance of the note that may be settled to some lower amount at the time of payment in full. The note agreement contains a change in the interest rate to 20% default interest rate should the note go into default. On September 11, 2015 the Company defaulted on the note and the note interest per annum increased to 20%. During the nine months ended September 30, 2015, $20,000 of accrued liquidating damages was added to the note’s principal. The balance of the September 10, 2014 Note as of September 30, 2015 was

~~September~~ F-10~~, 2014 Note~~

~~On September~~QuickLink 10, 2014 the Company entered into a $29,000 unsecured convertible note for $25,000 cash borrowed during the six months ended June 30, 2012 plus $4,000 in loan fees the Company recorded as an administrative expense. The note bears interest at 8% per annum and has a maturity date of September 10, 2015. The note agreement contains a change in the interest rate to ~~20%~~Table ~~default interest rate should the note go into default. The balance~~ of ~~the September 10, 2014 Note as of March 31, 2015 and December 31, 2014 was $29,000, net of debt discounts of $0.~~Contents

~~January 30~~$49,000 ~~2015~~including ~~Note~~$20,000 of accrued liquidating damages to date and December 31, 2014 was $29,000, both net of debt discounts of $0.

On January 30, 2015 the Company borrowed $4,200 pursuant to a discounted unsecured convertible note amount of $5,040. The Company recorded the $840 discount as an administrative expense. The note bears interest at 8% per annum and has a maturity date of January 30, 2016. The note agreement contains a change in the interest rate to 20% default interest rate or the highest allowed by law should the note go into default and requires the Company to reserve 100,000,000 shares of the Company’s common stock. The balance of the January 30, 2015 Note ~~as of March 31, 2015 was $828, net of debt discounts of $4,212.~~

~~Note~~ On January 30, 2015 the Company borrowed $4,200 pursuant to a discounted unsecured convertible note amount of $5,040. The -Company ~~Derivative~~recorded ~~Liability~~the $840 discount as an administrative expense. The note bears interest at 8% per annum and has a maturity date of January 30, 2016. The note agreement contains a change in the interest rate to 20% default interest rate or the highest allowed by law should the note go into default and requires the Company to reserve 100,000,000 shares of the Company’s common stock. The balance of the January 30, 2015 Note as of September 30, 2015 was $3,355, net of debt discounts of $1,685.

~~The Company’s~~Note ~~derivative~~5 ~~liability~~- ~~consists~~Derivative of the embedded conversion feature of its convertible notes payable. As the notes payable have conversion rates that prevent calculating the number of shares into which they can convert, the conversion feature has been separated from the underlying notes and valued as a derivative liability.Liability

~~Prior to~~The ~~2014,~~Company’s itderivative ~~was~~liability ~~believed~~consists ~~that~~of ~~previous management could cause~~ the ~~counterparties~~embedded ~~to overlook this~~ conversion feature, ~~and settle for the value~~ of ~~the~~its convertible notes ~~themselves~~payable. SoAs ~~they estimated~~ the ~~fair~~notes ~~value~~payable ofhave ~~the~~conversion ~~derivative~~rates ~~liability~~that ~~was~~prevent ~~zero.~~calculating ~~In 2014, new management reassessed~~ the ~~nature~~number of ~~the~~shares ~~notes~~into ~~payable~~which ~~and~~they ~~determined~~can ~~that~~convert, ~~a possibility exists that~~ the conversion feature ~~could~~has bebeen ~~utilized by~~separated ~~holders~~from of the underlying notes. Asand avalued ~~result,~~as ~~the~~a ~~Company estimated the fair value of the~~ derivative liability ~~as of March 31, 2015 was $2,482,896 and December 31, 2014 was $2,250,243~~.

~~Following is~~Prior to 2014, it was believed that previous management could cause the counterparties to overlook this conversion feature, and settle for the value of the notes themselves. So they estimated the fair value of the derivative liability was zero. In 2014, new management reassessed the nature of the notes payable and determined that a ~~table~~possibility ~~showing~~exists ~~activity~~that inthe conversion feature could be utilized by holders of the notes. As a result, the Company estimated the fair value of the derivative liability ~~account~~as of September 30, 2015 was $3,223,920 and December 31, 2014 was $2,250,243.

Balance January 1, 2014	$	-
Additions		-
Deletions		-
Change in derivative liability		2,250,243
Balance December 31, 2014		2,250,243
Additions		5,040
Deletions		-
Change in derivative liability		227,613
Balance December 31, 2015	$	2,482,896

Following is a table showing activity in the derivative liability account.

The derivative liability was valued using the Black Scholes option valuation model with the following inputs.


Balance January 1, 2014	$	-
Additions		-
Deletions		-
Change in derivative liability		2,250,243
Balance December 31, 2014		2,250,243
Additions		5,040
Deletions		-
Change in derivative liability		968,637
Balance September 30, 2015	$	3,223,920

Expected life in years	0.75
Stock price volatility	159.0	%
Discount rate	0.20	%
Expected dividends	None

The derivative liability was valued using the Black Scholes option valuation model with the following inputs.

F-13


Expected life in years	1.00
Stock price volatility	202.0%
Discount rate	0.275%
Expected dividends	None

Note 6 - Notes Payable - Related Party

Unsecured related party notes payable balance net of discounts as of ~~March~~September 3130, 2015 was $~~175~~178,~~500~~717, net of debt discounts of $0 and December 31, 2014 was $155,645, net of debt discounts of $19,355.

September 26, 2013 Note

On September 26, 2013 the Company issued an unsecured promissory note to Corporate Business Advisors, Inc. for $150,000 as part of a non-cash select assets and liabilities purchase agreement. The note bears no interest and has a maturity date of August 31, 2014. On September 1, 2014 the Company defaulted on the note. On May 18, 2015, the Company issued a second unsecured promissory note to Corporate Business Advisors, Inc. in regard to the defaulted September 26, 2013 Note which increased the note interest to 18% on all unpaid principal balances since the original note's balance was created and continues until the note principal balance is paid in full. The balance of the September 26, 2013 Note as of ~~March~~September 3130, 2015 and December 31, 2014 was $150,000, net of debt discounts of $0.

~~December 17, 2014 Note~~F-11

~~On December~~QuickLink ~~17, 2014 the Company entered into a $25,000 unsecured convertible note with Corporate Business Advisors, Inc. for $24,500 in total cash loans~~ to ~~date~~Table ~~plus $500 in documentation fees the Company recorded as an administrative expense. The note bears interest at 18% per annum, has a maturity date~~ of February 17, 2015, and has a 24% default compound interest rate should the note remain in default after a five day grace period. On February 22, 2015 the Company remained defaulted on the note and the note interest increased to 24% compound interest. During the three months ended March 31, 2015, $500 accrued interest was added to the note’s principal balance. The balance of the December 17, 2014 Note as of March 31, 2015 was $25,500 including added accrued interest to date of $500, net of debt discounts of $0 and December 31, 2014 was $5,645, net of debt discounts of $19,355.Contents

~~Note 7~~December -17, ~~Derivative~~2014 ~~Liability – Related Party~~Note

~~The~~ On December 17, 2014 the Company’s ~~derivative~~entered ~~liability~~into –a ~~related~~$25,000 ~~party~~unsecured ~~consists~~convertible ofnote ~~the~~with ~~embedded~~Corporate ~~conversion~~Business ~~feature~~Advisors, ofInc. ~~its~~for ~~convertible~~$24,500 ~~notes payable~~in total cash loans to adate ~~related~~plus ~~party.~~$500 Asin documentation fees the ~~notes~~Company ~~payable~~recorded toas aan ~~related~~administrative ~~party~~expense. ~~have~~The ~~conversion~~note ~~rates~~bears ~~that~~interest ~~prevent~~at ~~calculating~~18% ~~the~~per ~~number of~~annum, ~~shares~~has ~~into~~a ~~which~~maturity ~~they~~date ~~can~~of ~~convert~~February 17, 2015, and has a 24% default compound interest rate should the ~~conversion~~note ~~feature~~remain ~~has~~in ~~been~~default ~~separated~~after ~~from~~a five day grace period. On February 22, 2015 the ~~underlying~~Company ~~notes~~remained defaulted on the note and ~~valued~~the asnote ainterest ~~derivative liability~~increased –to ~~related~~24% ~~party~~compound interest. During the ~~year~~nine months ended ~~2014~~September 30, ~~the~~2015, ~~Company~~$3,717 ~~entered~~accrued ~~into~~interest ~~one~~was ~~convertible~~added ~~note~~to ~~payable~~the tonote’s aprincipal ~~related party~~balance. The ~~estimated~~balance ~~fair value~~ of ~~derivative~~the ~~liability~~December –17, ~~related~~2014 ~~party~~Note as of ~~March~~September 3130, 2015 was $3528,~~499~~717 including added accrued interest to date of $3,717, net of debt discounts of $0 and December 31, 2014 was $335,~~987~~645, net of debt discounts of $19,355.

~~Following is~~Note a7 ~~table~~- ~~showing~~Derivative ~~activity~~Liability ~~in the derivative liability~~ – ~~related~~Related ~~party account.~~Party

Balance January 1, 2014	$	-
Additions		-
Deletions		-
Change in derivative liability – related party		33,987
Balance December 31, 2014		33,987
Additions		-
Deletions		-
Change in derivative liability – related party		1,512
Balance December 31, 2015	$	35,499

The Company’s derivative liability – related party consists of the embedded conversion feature of its convertible notes payable to a related party. As the notes payable to a related party have conversion rates that prevent calculating the number of shares into which they can convert, the conversion feature has been separated from the underlying notes and valued as a derivative liability – related party. During the year ended 2014, the Company entered into one convertible note payable to a related party. The estimated fair value of derivative liability – related party as of September 30, 2015 was $45,388 and December 31, 2014 was $33,987.

~~The~~Following ~~derivative liability~~is –a ~~related~~table ~~party~~showing ~~was~~activity ~~valued~~in ~~using~~ the ~~Black~~derivative ~~Scholes~~liability ~~option~~– ~~valuation~~related ~~model~~party ~~with the following inputs~~account.

Expected life in years			0.75
Balance January 1, 2014	$	-
Stock price volatility			159.0	%
Additions		-
Discount rate			0.20	%
Deletions		-
Expected dividends			None
Change in derivative liability		33,987
Balance December 31, 2014		33,987
Additions		-
Deletions		-
Change in derivative liability		11,401
Balance September 30, 2015	$	45,388

~~Note 8~~The derivative liability – ~~Capital~~related ~~Lease~~party was valued using the Black Scholes option valuation model with the following inputs.

On September 1, 2014, the Company entered into a lease to own lease agreement for an office and warehouse’s 16,838 square foot portion of the property’s total 55,785 square foot space. The lease is considered a capital lease, therefore the building asset and an offsetting note payable has been recorded on the Company’s books. Lease payments are $7,000 per month with $5,000 per month being applied to the $1,385,000 purchase price. The balance of the capital lease as of March 31, 2015 was $1,316,587 and December 31, 2014 was $1,292,571.


Expected life in years	1.00
Stock price volatility	202.0%
Discount rate	0.275%
Expected dividends	None

~~F-14~~Note 8 – Capital Lease

~~Note~~ On September 1, 2014, the Company entered into a lease to own lease agreement for an office and warehouse’s 16,838 square foot portion of the property’s total 55,785 square foot space. The lease is considered a capital lease, therefore the building asset and an offsetting note payable has been recorded on the Company’s books. Lease payments are $7,000 per month with $5,000 per month being applied to the $1,385,000 purchase price. On January 5, 2016, the Company entered into an unsecured promissory note for the unpaid rents and utilities for $109,500. The promissory note carries 0% interest and is due on January 5, 2017. On February 9, –2016, ~~Capital~~the ~~Stock~~Company entered into a new lease to own lease agreement for the same property to extend the term dates beyond the original agreement including extensions and to add an additional $100,000 due at closing as a hold over fee. In addition, the unpaid rents and utilities promissory note was accelerated to be due on September 30, 2016. These agreements that were entered into subsequent to the balance sheet date required retroactive reporting as of the balance sheet date. The balance of the February 9, 2016 capital lease agreement as of September 30, 2015 was $1,269,046. The balance of the September 1, 2014 capital lease agreement as of December 31, 2014 was $1,292,571.

~~During the~~Note ~~three~~9 ~~months ended March 31, 2015, no shares of~~ – Capital Stock ~~were issued.~~

~~Stock Options/Stock-Based~~During ~~Compensation~~the ~~and~~nine ~~Warrants~~months ended September 30, 2015, no shares of Capital Stock were issued.

~~Changes in stock options for the three months ended March 31, 2015 consisted of the following:~~F-12

	Number of shares			Weighted Average Exercise Price		Remaining Contractual Term (in years)		Intrinsic Value
Beginning balance January 1, 2015		500,000		$	0.45		0.04
Granted		-		$	-		-
Exercised		-		$	-		-
Forfeited/expired		(500,000	)	$	-		-
Outstanding at March 31, 2015		-		$	-		-
Exercisable		-		$	-		-	$	-
Weighted average fair value of options granted during three months ended March 31, 2015				$	-

QuickLink to Table of Contents

~~The~~Stock ~~following table~~Options/Stock-Based ~~summarizes~~Compensation ~~information~~and ~~about stock options outstanding at March 31, 2015:~~Warrants

~~Options~~Changes ~~Outstanding Options Exercisable Range of Exercise Prices Number Outstanding Weighted Average Remaining Contractual Life (~~in ~~years)~~stock ~~Weighted~~options ~~Average~~for ~~Exercise~~the ~~Price~~nine ~~Number~~months ~~Exercisable~~ended ~~Weighted~~September ~~Average~~30, ~~Exercise~~2015 ~~Price~~consisted ~~(None)~~of -the ~~- $ - - $ -~~following:

Note 10 – Subsequent Events


	Number of shares		Weighted Average Exercise Price	Remaining Contractual Term (in years)		Intrinsic Value
Beginning balance January 1, 2015	500,000	$	0.45	0.04
Granted	-	$	-
Exercised	-	$	-
Forfeited/expired	(500,000)	$	0.45
Outstanding at September 30, 2015	-	$	-	-	$	-
Exercisable	-	$	-	-	$	-
Weighted average fair value of options granted during nine months ended September 30, 2015		$	-

~~The Company~~Note ~~has~~10 ~~evaluated~~– Subsequent ~~subsequent events pursuant to ASC Topic 855 from the balance sheet date through the date of this filing and determined that there are no events to disclose.~~Events

~~F-15~~The Company has evaluated subsequent events pursuant to ASC Topic 855 from the balance sheet date through the date of this filing and determined that the following subsequent events have occurred.

~~Item 2~~On January 5, 2016, the Company entered into an unsecured promissory note for the unpaid rents and utilities for $109,500. The ~~Management’s~~promissory ~~Discussion~~note carries 0% interest and ~~Analysis~~is ofdue ~~Financial~~on ~~Condition~~January 5, 2017. On February 9, 2016, the Company entered into a new lease to own lease agreement for the same property to extend the term dates beyond the original agreement including extensions and ~~Results~~to ofadd ~~Operations~~an additional $100,000 due at closing as a hold over fee. In addition, the unpaid rents and utilities promissory note was accelerated to be due on September 30, 2016.

~~Overview~~ Subsequent New Debt

~~The Company~~April ~~has a long history in the fast growing industry of waste recycling and specifically related to waste-to-energy~~20, ~~upon~~2016 ~~which the~~Note Company is building. Garb is organized to utilize both next-generation machines and new technologies to vertically integrate into the waste refinement, recycling and energy industries. The company emphasis is in profitable new and “green” solutions for waste-to-energy, alternate energy sources, gas drilling, fuel enhancements, improving energy usage efficiency and utilizing recycled material in producing both useful and desirable products manufactured in its own plants. The Company’s use of its first industrial manufacturing property and equipment will be to manufacture wood pellets to be used as an alternate power fuel and for farm and agricultural applications. In addition, this manufacturing facility will utilize power saving technology including the use of recycled materials as fuel that will result in lower operating costs. Also, excess electricity will be generated that may be sold back to the power company, thereby generating an additional source of revenue.1

~~Garb Oil~~On &April ~~Power~~20, ~~Corporation~~2016 (the “Company” orborrowed ~~“Garb”)~~$20,000 ~~was~~pursuant ~~incorporated~~to ina ~~the~~discounted ~~State~~secured ofconvertible ~~Utah in 1972 under the name Autumn Day, Inc~~note. The ~~Company~~note ~~changed~~bears ~~its~~interest ~~name~~at to12% ~~Energy~~per ~~Corporation~~annum ~~International~~and inhas ~~1978~~a ~~and~~maturity todate ~~Garb-Oil Corporation~~ of ~~America~~April ~~in 1981~~20, ~~which marked the start of the Company’s development state in the energy and recycling industries~~2017. The ~~Company~~ ~~changed~~note ~~its~~agreement ~~name~~contains toa ~~Garb~~change ~~Oil & Power Corporation~~ in ~~1985~~the ~~and~~interest ~~then~~rate to ~~Garb~~24% ~~Corporation~~default ininterest ~~May~~rate ~~2013.~~should ~~In February 2014,~~ the ~~Company~~note ~~changed~~go ~~its~~into ~~name~~default ~~back~~and torequires ~~Garb~~the ~~Oil & Power Corporation. The~~ Company’s ~~activities have consisted of raising capital and developing technology related~~ to ~~waste-to-energy~~reserve ~~electricity production~~500, ~~pyrolysis (extraction of oil~~000,000 ~~carbon,~~shares ~~and steel from used tires), and recovery~~ of ~~used rubber from large off-~~the~~-road~~ ~~tires,~~Company’s ~~repair~~common ~~and sale of used truck tires, sale of new truck tires and sale of industrial shredders~~stock.

~~On January~~April 2420, ~~2014,~~2016 ~~the~~Note Company signed a letter of intent (the “LOI”) and a collaborative effort agreement (the “CE Agreement”) with Shredderhotline.com Company (“Shredderhotline”) and Dan Scott Burda, Shredderhotline’s President/Owner. In general, the CE Agreement provides that the two ranking executive officers of both companies will collaborate on future sales and operations within a newly formed wholly owned subsidiary of the Company, Garb Global Services, Inc. (“Garb Global”). On November 18, 2014, the Company and Shredderhotline mutually determined that their business interests had diverged and the Company and Shredderhotline released one another from their rights and obligations under the LOI and CE Agreement both dated January 24, 2014. Garb Global continues as an operating subsidiary of the Company.2

~~Our Industry~~On April 20, 2016 the Company borrowed $20,000 pursuant to a discounted secured convertible note. The note bears interest at 12% per annum and has a maturity date of April 20, 2017. The note agreement contains a change in the interest rate to 24% default interest rate should the note go into default and requires the Company to reserve 500,000,000 shares of the Company’s common stock.

The industry in which Garb is operating is still in its maturing stages. Technological developments, the economic climate and the growing global awareness of waste as a possible raw material resource, have changed the recycling industry, placing demands on the industry for new products and for new solutions. Garb is dedicated to creating products that increases energy efficiency and reduces the carbon footprint while helping to preserve the environment. With its knowledge of solutions, its comprehensive product portfolio, its experience and, above all, with personnel and advisors who understand the industry, Garb will provide superior products and services into profitable solutions that will provide the Company with a competitive advantage in the market and do our part in making the world a greener place while passing cost savings on tour customers.F-13

~~Our Markets~~QuickLink to Table of Contents

~~Tires and~~Item ~~Commercial~~2. ~~Waste Shredders: Garb~~Management’s ~~past~~Discussion ~~has~~and ~~been~~Analysis ~~resurrected~~of byFinancial ~~current~~Condition ~~management, new truck tires~~ and ~~commercial waste~~Results ~~shredders.~~of ~~In addition, Garb is currently in the development stage to enter into the retread truck tire production and sales market.~~Operations

~~Waste-to-Energy: Waste-to-energy~~Overview is considered a renewable resource since its fuel source, garbage and other materials that have been destined to landfills, is sustainable and non-depletable. According to the U.S. Environmental Protection Agency, waste-to-energy is a “clean, reliable, renewable source of energy.”

InThe ~~2012, Americans~~Company ~~generated~~has ~~about~~a ~~251~~long ~~million~~history ~~tons~~in the fast growing industry of ~~trash~~waste recycling and specifically related to waste-to-energy, upon which the Company is building. Garb is organized to utilize both next-generation machines and new technologies to vertically integrate into the waste refinement, recycling and energy industries. The company emphasis is in profitable new and “green” solutions for waste-to-energy, alternate energy sources, gas drilling, fuel enhancements, improving energy usage efficiency and utilizing recycled material in producing both useful and ~~composted~~desirable ~~almost~~products 87manufactured ~~million~~in ~~tons~~its own plants. The Company’s use of its first industrial manufacturing property and equipment will be to manufacture wood pellets to be used as an alternate power fuel and for farm and agricultural applications. In addition, this ~~material~~manufacturing facility will utilize power saving technology including the use of recycled materials as fuel that will result in lower operating costs. Also, ~~equivalent~~ excess electricity will be generated that may be sold back to athe ~~34.5~~power ~~percent~~company, ~~recycling~~thereby ~~rate~~generating an additional source of revenue.

4Garb Oil & Power Corporation (the “Company” or “Garb”) was incorporated in the State of Utah in 1972 under the name Autumn Day, Inc. The Company changed its name to Energy Corporation International in 1978 and to Garb-Oil Corporation of America in 1981, which marked the start of the Company’s development state in the energy and recycling industries. The Company changed its name to Garb Oil & Power Corporation in 1985 and then to Garb Corporation in May 2013. In February 2014, the Company changed its name back to Garb Oil & Power Corporation. The Company’s activities have consisted of raising capital and developing technology related to waste-to-energy electricity production, pyrolysis (extraction of oil, carbon, and steel from used tires), and recovery of used rubber from large off-the-road tires, repair and sale of used truck tires, sale of new truck tires and sale of industrial shredders.

~~Opportunities abound~~On inJanuary 24, 2014, the ~~recycling~~Company ~~industry~~signed toa ~~produce~~letter ~~power~~of intent (the “LOI”) and a collaborative effort agreement (the “CE Agreement”) with Shredderhotline.com Company (“Shredderhotline”) and Dan Scott Burda, Shredderhotline’s President/Owner. In general, the CE Agreement provides that the two ranking executive officers of both companies will collaborate on future sales and operations within a newly formed wholly owned subsidiary of the Company, Garb isGlobal ~~developing~~Services, ~~this~~Inc. ~~area~~(“Garb Global”). On November 18, 2014, the Company and Shredderhotline mutually determined that their business interests had diverged and the Company and Shredderhotline released one another from their rights and obligations under the LOI and CE Agreement both dated January 24, 2014. Garb Global continues as an operating subsidiary of the Company.

~~Biomass and~~Our ~~Alternate~~Industry Fuels: The United States has been moving towards greater energy independence and the increase of clean renewable fuels. Biofuel is simple to use, biodegradable, nontoxic, and essentially free of sulfur and aromatics. Alternate energy sources can produce more net energy for less money than current technologies. Garb is currently pursuing multiple avenues in this growing arena.

~~Useful products~~The ~~manufactured~~industry ~~from~~in ~~recycled~~which ~~materials:~~ Garb is ~~developing~~operating ~~the~~is ~~potential~~still ~~for~~in ~~recycled~~its ~~materials~~maturing tostages. beTechnological ~~utilized~~developments, asthe ~~raw materials~~economic inclimate and the ~~production~~growing global awareness of ~~useful~~waste ~~products~~as a possible raw material resource, ~~alternate~~have ~~fuels~~changed the recycling industry, placing demands on the industry for new products and ~~energy~~for new solutions. ~~Products~~Garb tois ~~produce~~dedicated ~~include~~to ~~those~~creating ~~made~~products ~~from~~that ~~recovered rubber,~~increases ~~wood,~~energy efficiency and ~~glass~~reduces the carbon footprint while helping to ~~produce~~preserve ~~retread~~the ~~tires~~environment. With its knowledge of solutions, ~~wood~~its ~~pellets~~comprehensive product portfolio, its experience and, ~~medical~~above ~~marijuana~~all, ~~paraphernalia~~with personnel and advisors who understand the industry, ~~respectively~~Garb will provide superior products and services into profitable solutions that will provide the Company with a competitive advantage in the market and do our part in making the world a greener place while passing cost savings on to our customers.

~~Patents, Trademarks~~Our ~~and~~Markets ~~Proprietary Data~~

~~The Company~~Tires ~~has~~and ~~received~~Commercial ~~United~~Waste ~~States~~Shredders: ~~Patent~~Garb’s ~~No.~~past ~~5,299,748~~has onbeen ~~the~~resurrected ~~OTR~~by ~~Tire~~current ~~Disintegrator System design which expired April 5~~management, ~~2011, Patent~~new ~~No.~~truck ~~5,590,838~~tires ~~which expired January 7, 2014~~ and ~~patent~~commercial ~~number~~waste ~~6,015,105~~shredders. In ~~which expires January 18~~addition, ~~2018.~~Garb Anis ~~additional~~currently ~~patent improvement was granted~~ in ~~Canada~~the ondevelopment ~~July~~stage 6,to ~~1999~~enter asinto ~~Canadian~~the ~~Patent~~retread ~~No.~~truck ~~2,178,326~~tire ~~which~~production ~~expired~~and ~~March~~sales ~~23, 2015~~market.

~~Management Overview~~Waste-to-Energy: Waste-to-energy is considered a renewable resource since its fuel source, garbage and other materials that have been destined to landfills, is sustainable and non-depletable. According to the U.S. Environmental Protection Agency, waste-to-energy is a “clean, reliable, renewable source of energy.”

~~The Company~~In is2013, ~~pursuing~~Americans ~~avenues~~generated ofabout ~~generating~~254 ~~cash~~million ortons ~~revenues during the next twelve months. The Company is pursuing sales~~ of ~~new truck~~trash ~~tires~~ and ~~commercial~~recycled ~~waste~~and ~~shredders~~composted ~~and~~about is87 ~~developing~~million ~~waste-to-energy,~~tons ~~biomass~~of ~~alternate~~this ~~fuels~~material, ~~and~~equivalent ~~manufacturing operations utilizing recycled materials. The Company continues~~ to ~~pursue~~a ~~financing to build and operate its own manufacturing plants~~34.3 ~~We believe~~percent ~~that~~recycling ~~our current Company personnel and advisors have the necessary industry expertise and marketing skills to implement our business model~~rate.

~~Results of~~Opportunities ~~Operations~~abound in the recycling industry to produce power and Garb is developing this area.

~~Comparison of~~Biomass and Alternate Fuels: The United States has been moving towards greater energy independence and the ~~Three~~increase ~~Months~~of ~~Ended~~clean ~~March~~renewable 31fuels. Biofuel is simple to use, ~~2015~~biodegradable, nontoxic, and ~~March~~essentially ~~31,~~free ~~2014~~of sulfur and aromatics. Alternate energy

~~Revenues~~ 4

~~During the~~QuickLink ~~three~~to ~~months~~Table ~~ended March 31, 2015 the Company recognized no revenues from sales. During the three months ended March 31, 2014 the Company recognized $200,000 revenues from sale~~ of ~~equipment.~~Contents

~~General and~~sources ~~Administrative~~can ~~Expenses~~produce more net energy for less money than current technologies. Garb is currently pursuing multiple avenues in this growing arena.

~~General and~~Useful ~~administrative~~products ~~expenses~~manufactured ~~decreased~~from ~~$152,223~~recycled tomaterials: ~~$198,333~~Garb ~~for~~is developing the ~~three~~potential ~~months~~for ~~ended~~recycled ~~March~~materials ~~31,~~to ~~2015,~~be ~~from~~utilized ~~$350,556~~as ~~for~~raw materials in the ~~three months~~production ~~ended~~of ~~March~~useful 31products, ~~2014.~~alternate fuels, and energy. The ~~decrease~~first ~~was~~product ~~related~~being todeveloped ~~commissions~~is ~~decreasing~~to ~~$110,000~~include ~~and~~recovered ~~consulting~~rubber ~~fees~~in ~~decreasing~~producing ~~$100,000. The~~retread ~~decreases~~tires ~~were~~and ~~offset~~as ~~with~~an ~~professional~~alternate ~~fees~~fuel ~~increasing~~source ~~$47,469~~in ~~and~~the ~~depreciation~~generation ~~expense~~of ~~increasing~~electric ~~$8,132~~power.

~~Other Income~~Patents, ~~(Expense)~~Trademarks and Proprietary Data

~~Other income~~The ~~(expense)~~Company ~~decreased~~has byreceived ~~$306,991~~United toStates ~~$(415,349)~~Patent ~~for~~No. ~~the three months ended March 31~~5, ~~2015~~299,748 ~~from~~on athe ~~loss~~OTR ofTire ~~$(108,358)~~Disintegrator ~~for the~~System ~~three~~design ~~months~~which ~~ended~~expired ~~March~~April 315, ~~2014.~~2011, ~~The~~Patent ~~increase~~No. in5,590,838 ~~derivative~~which ~~liability~~expired ~~expense~~January ~~of $229~~7,~~125~~ ~~was~~2014 ~~due~~and topatent ~~the~~number ~~change~~6,015,105 inwhich ~~the~~expires ~~fair value~~January ~~of the derivative liability after first recognizing the derivative liability at December 31~~18, ~~2014~~2018. ~~The~~An ~~increase~~additional inpatent ~~interest expense~~improvement ~~of $77,866~~ was ~~primarily~~granted ~~due~~in toCanada ~~recognizing~~on ~~certain~~July ~~notes~~6, ~~payables~~1999 ~~default~~as ~~interest~~Canadian ~~amounts~~Patent ~~during~~No. ~~the~~2,178,326 ~~three~~which ~~months~~expired ~~ended~~ March 3123, 2015 ~~and the same certain notes payables did not incur default interest amounts during the three months ended March 31, 2014~~.

5Management Overview

~~Net Loss~~The Company is pursuing avenues of generating cash or revenues during the next twelve months. The Company is pursuing sales of new truck tires and made in the U.S. commercial waste shredders and is developing waste-to-energy, biomass alternate fuels, and manufacturing operations utilizing recycled materials. The Company continues to pursue financing to build and operate its own manufacturing plants. We believe that our current Company personnel and advisors have the necessary industry expertise and marketing skills to implement our business model.

~~Net loss~~Results ~~was $613,682 and $348,914 for the three months ended March 31, 2015 and March 31, 2014, respectively. Net loss was due to a lack~~ of consistent revenues. While the Company has substantially decreased general and administrative expenses, we expect to continue to incur losses until such time as we can begin to generate consistent revenue from operations.Operations

~~Liquidity~~ Comparison of the three months ended September 30, 2015 and ~~Capital~~September ~~Resources~~30, 2014

~~Liquidity is~~Revenues the ability of an enterprise to generate adequate amounts of cash to meet its needs for cash requirements. The Company is not generating significant revenues. Operating expenses for the Company have been paid in part from short-term unsecured notes and the issuance of Company stock. The Company also has a stockholders’ deficit of $7,511,735 at March 31, 2015.

~~The Company~~During ~~has~~the ~~incurred~~three ~~indebtedness~~months inended ~~order~~September ~~to finance its operations. As of March 31~~30, 2015, ~~the~~and ~~Company’s~~September ~~total liabilities were $8~~30,~~761,427,~~ ~~with a working capital deficit of $8~~2014,~~761,405.~~ ~~See Note 4 – Notes Payable, Note 5 - Derivative Liability, Note 6 – Notes Payable –Related Party, Note 7 – Derivative Liability –Related Party, and Note 8 – Capital Lease of~~ the Company’s ~~financial~~recognized ~~statements~~no ~~appearing~~revenues ~~elsewhere~~from ~~in this quarterly report on Form 10-Q~~sales.

~~Net cash~~General ~~provided by (used in) operating activities was $(5,214)~~ and ~~$76,199~~Administrative ~~for the three months ended March 31, 2015 and March 31, 2014, respectively. Cash was primarily used to fund our net losses from operations.~~Expenses

~~Net cash~~General ~~provided~~and byadministrative ~~(used~~expenses ~~in)~~decreased ~~investing~~$10,922 ~~activities~~to ~~was~~ $0104,163 for the three months ended ~~March~~September 3130, 2015, ~~and~~from ~~March~~$115,085 31for the three months ended September 30, 2014. The decrease was related to professional fees decreasing $15,410 and travel and entertainment decreasing $3,623. The decreases were offset with rent increasing $4,000 and depreciation expense increasing $4,622.

~~Net cash~~Other ~~provided~~Income by financing activities was $5,040 and $54,868 for the three months ended March 31, 2015 and March 31, 2014, respectively. During the three months ended March 31, 2015, we received cash of $5,040 from the issuance of a note payable, of which $0 cash was used as repayment of financing activities.(Expense)

~~Going Concern~~Other income (expense) decreased by $754,243 to $(863,762) for the three months ended September 30, 2015, from a loss of $(109,519) for the three months ended September 30, 2014. The increase in derivative liability expense of $563,760 was due to the change in the fair value of the derivative liability after first recognizing the derivative liability at December 31, 2014. The increase in interest expense of $190,483 was primarily due to recognizing certain notes payables default interest amounts during the three months ended September 30, 2015 and the same certain notes payables did not incur default interest amounts during the three months ended September 30, 2014.

~~The financial~~Net statements accompanying this report have been prepared on a going concern basis, which implies that our Company will continue to realize its assets and discharge its liabilities and commitments in the normal course of business. Our Company has not generated sufficient revenues in the last two years to cover all operating and overhead costs, and has never paid any dividends and is unlikely to pay dividends in the immediate or foreseeable future. The continuation of our Company as a going concern is dependent upon the continued financial support from our shareholders, the ability of our Company to obtain necessary equity financing to achieve our operating objectives, and the attainment of profitable operations. As of March 31, 2015, our Company has accumulated losses of $20,013,826. We do not have sufficient working capital to enable us to carry out our stated plan of operation for the next twelve months.Loss

~~Due to~~Net ~~the~~loss ~~uncertainty~~was of$967,925 ~~our ability to meet our current operating expenses~~ and ~~the~~$224,604 ~~capital~~for ~~expenses noted above in their report on~~ the ~~financial~~three ~~statements~~months ~~for~~ended ~~the~~September ~~year~~30, ~~ended~~2015 ~~December~~and 31September 30, 2014, ~~the~~respectively. Net ~~Company’s~~loss ~~independent~~was ~~auditors~~due ~~have included an explanatory paragraph regarding concerns about our ability~~ to ~~continue as~~ a ~~going~~lack ~~concern. The continuation~~ of ~~our~~consistent ~~business is dependent upon our ability to raise additional financial support~~revenues. While ~~The issuance of additional equity securities by~~ the Company ~~could~~has ~~result~~substantially ~~in a~~decreased ~~significant~~general ~~dilution~~and inadministrative ~~the~~expenses, ~~equity~~we ~~interests~~expect ofto ~~our~~continue ~~current~~to ~~shareholders.~~incur ~~Obtaining~~losses ~~commercial~~until ~~loans,~~such ~~assuming~~time ~~those~~as ~~loans~~we ~~would be~~can ~~available,~~begin ~~will~~to ~~increase~~generate ~~our~~consistent ~~liabilities~~revenue ~~and~~from ~~future cash commitments~~operations.

~~Item 3.~~Comparison ~~Quantitative~~of ~~and~~the ~~Qualitative~~nine ~~Disclosures~~months ~~about~~ended ~~Market~~September ~~Risk~~30, 2015 and September 30, 2014

~~Not applicable~~Revenues

6During the nine months ended September 30, 2015 the Company recognized no revenues from sales. During the nine months ended September 30, 2014 the Company recognized $200,000 revenues from sale of equipment.

~~Item 4.~~General ~~Controls~~ and ~~Procedures~~Administrative Expenses

Under the supervision and with the participation of our current management, including our Principal Executive Officers and Principal Financial Officer (the “Certifying Officers”), we evaluated the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Rules 13a-15(e) under the Securities Exchange Act of 1934 (the “Exchange Act”)) as of March 31, 2015. Based upon that evaluation, the Certifying Officers concluded that, as of the end of the period covered by this report, our disclosure controls and procedures were not effective.5

~~We believe~~QuickLink ~~that~~to ~~our~~Table ~~consolidated financial statements contained in this quarterly report on Form 10-Q fairly present our financial position, results~~ of ~~operations and cash flows for the three months ended March 31, 2015 in all material respects.~~Contents

~~Because of~~General ~~its~~and ~~inherent~~administrative ~~limitations,~~expenses ~~internal~~decreased ~~control~~$218,527 ~~over~~to ~~financial~~$435,666 ~~reporting~~for ~~may~~the ~~not~~nine ~~prevent~~months orended ~~detect~~September ~~misstatements.~~30, ~~Therefore~~2015, ~~even those~~from ~~systems~~$654,193 ~~determined~~for tothe benine ~~effective~~months ~~can~~ended ~~provide~~September ~~only~~30, ~~reasonable~~2014. ~~assurance~~The ~~with~~decrease ~~respect~~was related to ~~financial~~commissions ~~statement~~decreasing ~~preparation~~ $110,000 and ~~presentation~~consulting fees decreasing $100,000.

~~Changes in~~Other ~~Internal~~Income ~~Control Over Financial Reporting.~~ (Expense)

~~There have~~Other ~~been~~income no(expense) ~~changes~~decreased inby ~~our~~$1,924,098 ~~internal~~to ~~control~~$(2,179,839) ~~over~~for ~~financial~~the ~~reporting~~nine ~~during~~months ended September 30, 2015, from a loss of $(255,741) for the ~~last~~nine ~~fiscal~~months ~~quarter~~ended ~~covered~~September by30, ~~this~~2014. The ~~quarterly report~~increase onin ~~Form~~subscription 10receivable write-Qoff ~~that~~of ~~have~~$403,815 ~~materially~~was ~~affected~~based on writing off aged balances. The increase in derivative liability expense of $980,038 orwas isdue ~~reasonably~~to ~~likely~~the change in the fair value of the derivative liability after first recognizing the derivative liability at December 31, 2014. The increase in interest expense of $540,245 was primarily due to ~~materially~~recognizing ~~affect~~certain notes payables default interest amounts during the nine months ended September 30, ~~our~~2015 ~~internal~~and ~~control~~the ~~over~~same ~~financial reporting~~certain notes payables did not incur default interest amounts during the nine months ended September 30, 2014.

~~Other Controls~~Net ~~and Procedures Information~~ Loss

~~In order~~Net ~~for~~loss ~~the~~was ~~Company~~$2,615,505 toand ~~have~~$799,934 ~~effective~~for ~~and~~the ~~strong~~nine ~~internal~~months ~~controls~~ended ~~over~~September ~~financial reporting~~30, we2015 ~~believe~~and ~~the~~September ~~Company~~30, ~~needs~~2014, ~~to be~~respectively. Net ~~able~~loss towas ~~financially~~due ~~support~~to ~~bringing~~a ~~in-house~~lack ~~the~~of ~~accounting~~consistent ~~and financial reporting functions~~revenues. While ~~Management~~the ~~will~~Company behas ~~bringing in-house~~substantially ~~the~~decreased ~~accounting~~general and ~~financial~~administrative ~~reporting~~expenses, ~~functions once~~ we ~~have~~expect ~~consistent~~to ~~revenues~~continue to ~~justify~~incur ~~adding~~losses ~~additional~~until ~~employees. This~~such ~~will~~time ~~include~~as ~~the~~we ~~Company~~can ~~obtaining~~begin ato ~~full~~generate ~~time~~consistent ~~Chief~~revenue ~~Financial~~from ~~Officer~~operations.

7Liquidity and Capital Resources

~~PART II~~Liquidity –is ~~Other~~the ~~Information~~ability of an enterprise to generate adequate amounts of cash to meet its needs for cash requirements. The Company is not generating significant revenues. Operating expenses for the Company have been paid in part from short-term unsecured notes and the issuance of Company stock. The Company also has a stockholders’ deficit of $35,739,176 at September 30, 2015.

~~Item 1~~The Company has incurred indebtedness in order to finance its operations. As ~~Legal~~of ~~Proceedings~~September 30, 2015, the Company’s total liabilities were $10,259,625, with a working capital deficit of $10,259,622. See Note 4 – Notes Payable, Note 5 - Derivative Liability, Note 6 – Notes Payable –Related Party, Note 7 – Derivative Liability –Related Party, and Note 8 – Capital Lease of the Company’s financial statements appearing elsewhere in this quarterly report on Form 10-Q.

~~We are~~Net ~~not~~cash aused ~~party~~in tooperating ~~any~~activities ~~material~~was ~~litigation~~$(5,233) ~~nor~~and to$(129,397) for the ~~knowledge~~nine ofmonths ~~management~~ended September 30, is2015 ~~any~~and ~~litigation~~September ~~threatened~~30, ~~against~~2014, usrespectively. ~~that~~Cash ~~may materially~~was ~~affect~~primarily usused to fund our net losses from operations.

~~Item 1A~~Net cash from investing activities was $0 and $12,000 for the nine months ended September 30, 2015 and September 30, 2014, respectively. Cash ~~Risk~~was ~~Factors~~used during the nine months ended September 30, 2014 for purchase of property.

~~Not required~~Net cash provided by financing activities was $5,040 and $155,368 for ~~smaller~~the ~~reporting~~nine ~~companies~~months ended September 30, 2015 and September 30, 2014, respectively. During the nine months ended September 30, 2015, we received cash of $5,040 from the issuance of a note payable, of which $0 cash was used as repayment of financing activities.

~~Item 2.~~Going ~~Unregistered Sales of Equity Securities and Use of Proceeds~~Concern

~~None~~The financial statements accompanying this report have been prepared on a going concern basis, which implies that our Company will continue to realize its assets and discharge its liabilities and commitments in the normal course of business. Our Company has not generated sufficient revenues in the last two years to cover all operating and overhead costs, and has never paid any dividends and is unlikely to pay dividends in the immediate or foreseeable future. The continuation of our Company as a going concern is dependent upon the continued financial support from our shareholders, the ability of our Company to obtain necessary equity financing to achieve our operating objectives, and the attainment of profitable operations. As of September 30, 2015, our Company has accumulated losses of $22,015,649. We do not have sufficient working capital to enable us to carry out our stated plan of operation for the next twelve months.

~~Item 3~~Due to the uncertainty of our ability to meet our current operating expenses and the capital expenses noted above in their report on the financial statements for the year ended December 31, 2014, the Company’s independent auditors have included an explanatory paragraph regarding concerns about our ability to continue as a going concern. ~~Defaults~~The ~~Upon~~continuation ~~Senior~~of ~~Securities~~our business is dependent upon our ability to raise additional financial support. The issuance of additional equity securities by the Company could result in a significant dilution in the equity interests of our current shareholders. Obtaining commercial loans, assuming those loans would be available, will increase our liabilities and future cash commitments.

~~None.~~6

~~Item 4.~~QuickLink ~~Mine~~to ~~Safety~~Table ~~Disclosures~~of Contents

~~Not applicable~~Item 3. Quantitative and Qualitative Disclosures about Market Risk

~~Item 5.~~Not ~~Other~~applicable ~~Information~~

~~None~~Item 4. Controls and Procedures

~~Item 6~~Under the supervision and with the participation of our current management, including our principal executive officer and principal financial officer (the “Certifying Officers”), we evaluated the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Rules 13a-15(e) under the Securities Exchange Act of 1934 (the “Exchange Act”)) as of September 30, 2015. ~~Exhibits~~Based upon that evaluation, the Certifying Officers concluded that, as of the end of the period covered by this report, our disclosure controls and procedures were not effective.

Exhibit No.	Description	Location
31.1	Rule 13a-14(a)/15d-14(a) Certification of Chief Executive Officer and Principal Financial Officer.	Filed herewith.
31.2	Rule 13a-14(a)/15d-14(a) Certification of Principal Accounting Officer.	Filed herewith.
32.1	Certification of Chief Executive Officer, Principal Financial Officer and Principal Accounting Officer Pursuant to 18 U.S.C. Section 1350 as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.	Filed herewith.

We believe that our consolidated financial statements contained in this quarterly report on Form 10-Q fairly present our financial position, results of operations and cash flows for the nine months ended September 30, 2015 in all material respects.

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

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Therefore, even those systems determined to be effective can provide only reasonable assurance with respect to financial statement preparation and presentation.

8Changes in Internal Control Over Financial Reporting.

~~SIGNATURES~~There have been no changes in our internal control over financial reporting during the last fiscal quarter covered by this quarterly report on Form 10-Q that have materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

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

	GARB OIL & POWER CORPORATION
Date: May 14, 2015	By:	/s/ Tammy Taylor
		Tammy Taylor, Chief Executive Officer

In order for the Company to have effective and strong internal controls over financial reporting, we believe the Company needs to be able to financially support bringing in-house the accounting and financial reporting functions. Management will be bringing in-house the accounting and financial reporting functions once we have consistent revenues to justify adding additional employees. This will include the Company obtaining a full time Chief Financial Officer.

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.7

Signature	Title	Date
/s/ Tammy Taylor	Chief Executive Officer and Director (principal executive officer and principal financial officer)	May 14, 2015
Tammy Taylor
/s/ M. Aimee Coleman	Corporate Secretary (principal accounting officer)	May 14, 2015
M. Aimee Coleman

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9PART II – Other Information

Item 1. Legal Proceedings

We are not a party to any material litigation, nor to the knowledge of management, is any litigation threatened against us that may materially affect us.

Item 1A. Risk Factors

Not required for smaller reporting companies.

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

None.

Item 3. Defaults Upon Senior Securities

None.

Item 4. Mine Safety Disclosures

Not applicable.

Item 5. Other Information

None.

Item 6. Exhibits


Exhibit No.	Description	Location
31.1	Rule 13a-14(a)/15d-14(a) Certification of Chief Executive Officer and Principal Financial Officer.	Filed herewith.
31.2	Rule 13a-14(a)/15d-14(a) Certification of Principal Accounting Officer.	Filed herewith.
32.1	Certification of Chief Executive Officer, Principal Financial Officer and Principal Accounting Officer Pursuant to 18 U.S.C. Section 1350 as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.	Filed herewith.
101.INS	XBRL Instance Document	Filed herewith.
101.SCH	XBRL Taxonomy Extension Schema Document	Filed herewith.
101.CAL	XBRL Taxonomy Extension Calculation Linkbase Document	Filed herewith.
101.DEF	XBRL Taxonomy Extension Definition Linkbase Document	Filed herewith.
101.LAB	XBRL Taxonomy Extension Label Linkbase Document	Filed herewith.
101.PRE	XBRL Taxonomy Extension Presentation Linkbase Document	Filed herewith.

QuickLink to Table of Contents

SIGNATURES

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


		GARB OIL & POWER CORPORATION

Date: May 18, 2016	By:	/s/ Tammy Taylor
		Tammy Taylor, Chief Executive Officer


Signature	Title	Date

/s/ Tammy Taylor	Chief Executive Officer and Director (principal executive officer and principal financial officer)	May 18, 2016
Tammy Taylor

/s/ M. Aimee Coleman	Corporate Secretary (principal accounting officer)	May 18, 2016
M. Aimee Coleman

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