U.S. SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-Q

x ☒ Quarterly Report under Section 13 or 15(d) of the Securities Exchange Act of 1934

For the quarterly period ended ~~June~~ September 30, 2014

~~☐ Transition~~o Transition Report under Section 13 or 15(d) of the Exchange Act

For the Transition Period from ________to ~~__________~~ ________

Commission File Number: 0-52905

INTERNATIONAL INDUSTRIAL ENTERPRISES, INC.

(Exact Name of Registrant as Specified in its Charter)

NEVADA		26-0091556
(State of other jurisdiction of		(I.R.S. Employer
incorporation or organization)		Identification Number)

4116 Antique Sterling Ct.
Las Vegas, NV		89129
(Address of principal executive offices)		(Zip Code)

Registrant's Phone: (702) 255-4170

Indicate by check mark whether the issuer (1) filed all reports required to be filed by Section13 or 15(d) of the Exchange Act of 1934 ~~during~~ during the past 12 months (or such shorter period that the registrant was required to file such reports), and (2) has been subject to to such filing requirements for the past 90 days. Yes ☒ x No ☐ o

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.

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

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☒ x No ☐ o

As of ~~July~~October 928, 2014, the issuer had 2,500,000 shares of common stock issued and outstanding.

INTERNATIONAL INDUSTRIAL ENTERPRISES, INC.

FORM 10-Q

TABLE OF CONTENTS

PART I - FINANCIAL INFORMATION		PAGE
		PAGE
Item 1.	Financial Statements	3
PART I - FINANCIAL INFORMATION
	Consolidated Balance Sheets as of June 30, 2014 (Unaudited) and December 31, 2013	3
Item 1.	Financial Statements
	Consolidated Statements of Operations (Unaudited) For the Three and Six Months Ended June 30, 2014 and 2013	4
	Condensed Consolidated Balance Sheets as of September 30, 2014 (Unaudited) and December 31, 2013	3
	Consolidated Statement of Changes in Stockholders' Equity (Deficit) For the Six Months Ended June 30, 2014 and the Year Ended December 31, 2013	5
	Condensed Consolidated Statements of Operations (Unaudited) For the Three and Nine Months Ended September 30, 2014 and 2013	4
	Consolidated Statements of Cash Flows (Unaudited) For the Six Months Ended June 30, 2014 and 2013	6
	Condensed Statement of Changes in Stockholders' Deficit (Unaudited) For the Nine Months Ended September 30, 2014 and the Year Ended December 31, 2013	5
	Notes to the Consolidated Financial Statements (Unaudited)	7
	Condensed Consolidated Statements of Cash Flows (Unaudited) For the Nine Months Ended September 30, 2014 and 2013	6
	Notes to Condensed Consolidated Financial Statements (Unaudited)	7
Item 2.	Management's Discussion and Analysis of Financial Condition and Results of Operations	11
Item 4.	Controls and Procedures	12
PART II - OTHER INFORMATION
Item 6.	Exhibits	13
Signatures		14

2Item 1. Financial Statements

~~Item 1.~~International ~~Financial~~Industrial ~~Statements~~Enterprises, Inc.

~~International Industrial Enterprises, Inc.~~ Condensed Consolidated Balance Sheets (Unaudited)

	June 30,			December 31,
	September 30, 2014			December 31, 2013
	2014			2013
ASSETS
	(Unaudited)
Current assets
ASSETS
Cash	$	50		$	75
Current Assets
Total current assets		50			75
Cash	$	-		$	75
Total assets	$	50		$	75
Total Current Assets		-			75
LIABILITIES AND STOCKHOLDER'S DEFICIT
Total Assets	$	-		$	75
Current liabilities
LIABILITIES AND STOCKHOLDERS' DEFICIT
Related party loan	$	29,373		$	29,373
Current Liabilities
Advance from shareholder		45,495			33,583
Bank overdraft	$	8		$	-
Total current liabilities		74,868			62,956
Related party loan (Note D)		29,373			29,373
Stockholders' deficit
Advance from shareholder (Note D)		43,157			33,583
Common stock, $0.001 par value; 50,000,000 shares authorized; 2,500,000 issued and outstanding at September 30, 2014 and December 31, 2013, respectively		2,500			2,500
Total Current Liabilities		72,538			62,956
Total Liabilities		72,538			62,956
Stockholders' Deficit (Note E)
Common stock, par value $.001, 50,000,000 shares authorized; 2,500,000 issued and outstanding at June 30, 2014 and December 31, 2013.		2,500			2,500
Additional paid-in capital		40,685			40,685
Accumulated deficit		(~~115~~118,~~723~~003	)		(106,066	)
Total Stockholders' Deficit		(72,538	)		(62,881	)
Total stockholders' deficit		(74,818	)		(62,881	)
Total Liabilities and Stockholders' Deficit	$	-		$	75
Total liabilities and stockholders' deficit	$	50		$	75

See accompanying notes to ~~financial~~condensed consolidated financial statements

International Industrial Enterprises, Inc. ~~Condensed Consolidated Statements of Operations (Unaudited) For the Three and Six Months Ended June 30, 2014 and 2013~~

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2014			2013			2014			2013
Revenue
Revenue	$	-		$	-		$	-		$	-
Operating expenses
General and administrative		4,490			2,509			9,657			7,728
Total operating expenses		4,490			2,509			9,657			7,728
Loss from operations		(4,490	)		(2,509	)		(9,657	)		(7,728	)
Other income/(expense)
Interest expense		-			-			-			-
Total other income (expense)		-			-			-			-
Net loss	$	(4,490	)	$	(2,509	)	$	(9,657	)	$	(7,728	)
Basic and diluted loss per common share	$	(0.00	)	$	(0.00	)	$	(0.00	)	$	(0.00	)
Weighted average common shares outstanding		2,500,000			2,500,000			2,500,000			2,500,000

Condensed Consolidated Statements of Operations (Unaudited)

~~See~~For ~~accompanying~~the ~~notes~~Three toand ~~financial~~Nine Months Ended September ~~statements~~30, 2014 and 2013

	Three months ended September 30,						Nine months ended September 30,
	2014			2013			2014			2013
Revenues	$	-		$	-		$	-		$	-

Operating expenses
General and administrative		2,280			2,577			11,937			10,305
Total operating expenses		2,280			2,577			11,937			10,305

Loss from operations		(2,280	)		(2,577	)		(11,937	)		(10,305	)

Other expense
Interest expense		-			-			-			-
Total other expense		-			-			-			-

Net loss	$	(2,280	)	$	(2,577	)	$	(11,937	)	$	(10,305	)

Basic and diluted loss per common share	$	(0.00	)	$	(0.00	)	$	(0.00	)	$	(0.00	)

Weighted average shares outstanding		2,500,000			2,500,000			2,500,000			2,500,000

~~International~~See ~~Industrial~~accompanying ~~Enterprises,~~notes ~~Inc.~~to ~~Consolidated~~condensed consolidated ~~Statement~~financial ~~of Changes in Stockholders' Deficit For the Six Months Ended June 30, 2014 and the Year Ended December 31, 2013~~statements

	Common Stock				Additional Paid		Accumulated			Total Stockholder's
	Shares		Amount		In Capital		Deficit			Deficit
Balance, December 31, 2012		2,500,000	$	2,500	$	40,685	$	(93,319	)	$	(50,134	)
Net loss								(12,747	)		(12,747	)
Balance, December 31, 2013		2,500,000	$	2,500	$	40,685	$	(106,066	)	$	(62,881	)
Net loss								(9,657	)		(9,657	)
Balance, June 30, 2014		2,500,000	$	2,500	$	40,685	$	(115,723	)	$	(72,538	)

~~See~~International ~~accompanying~~Industrial ~~notes to financial~~Enterprises, ~~statements~~Inc.

5Condensed Statement of Changes in Stockholders' Deficit (Undaudited)

~~International Industrial Enterprises, Inc. Condensed Consolidated Statements of Cash Flows (Unaudited)~~ For the ~~Six~~Nine Months Ended ~~June~~September 30, 2014 and the Year Ended December 31, 2013

	Six Months Ended
			Common Stock						Additional Paid-in			Accumulated			Total Stockholders'
	June 30,
			Shares				Amount		Capital			Deficit			Deficit
Cash flows from operating activities	2014				2013
Balance, December 31, 2012				2,500,000			$	2,500	$	40,685		$	(93,319	)	$	(50,134	)
Net loss	$	(9,657	)		$	(7,728	)
Net loss, year ended December 31, 2013													(12,747	)		(12,747	)
Adjustments to reconcile net loss to net cash used in operating activities:		-				-
Balance, December 31, 2013				2,500,000				2,500		40,685			(106,066	)		(62,881	)
Changes in operating assets and liabilities:
Net loss, period ended September 30, 2014										(11,937	)		(11,937	)
Accrued expense		9,574				7,744
Balance, September 30, 2014				2,500,000			$	2,500	$	40,685		$	(118,003	)	$	(74,818	)
Net cash provided by (used) in operating activities		(83	)			16
Cash flows from investing activities		-				-
Bank overdraft		8				-
Cash flows from financing activities		8				-
Net change in cash		(75	)			16
Cash at beginning of period		75				43
Cash at end of period	$	-			$	59

See accompanying notes to ~~financial~~condensed consolidated financial statements

~~INTERNATIONAL INDUSTRIAL~~International ~~ENTERPRISES,~~Industrial ~~INC~~Enterprises, Inc.

~~NOTES TO~~Condensed ~~THE~~Consolidated ~~CONSOLIDATED~~Statements ~~FINANCIAL~~of Cash ~~STATEMENTS~~Flows (Unaudited)

~~NOTE A~~For –the ~~BASIS~~Nine OFMonths ~~PRESENTATION,~~Ended ~~RECENT~~September ~~ACCOUNTING~~30, 2014 ~~PRONOUNCEMENTS~~and ~~AND ORGANIZATION~~ 2013

Basis of Presentation

	Nine Months Ended September 30,
	2014			2013

Cash flows from operating activities
Net loss	$	(11,937	)	$	(10,305	)
Adjustments to reconcile net loss to net cash used in operating activities:
Expenses paid on behalf of company		11,812			10,179
Net cash used in operating activities		(125	)		(126	)

Cash flows from investing activities		-			-

Cash flows from financing activities
Advances from shareholder		100			200
Net cash provided by financing activities		100			200

Cash, beginning of period		75			43
Net change in cash		(25	)		74
Cash, end of period	$	50		$	117

Supplemental cash flow information
Cash paid for interest	$	-		$	-
Cash paid for income taxes	$	-		$	-

~~The unaudited~~See ~~consolidated~~accompanying ~~financial~~notes ~~statements~~to ~~of International Industrial Enterprises, Inc. as of June 30, 2014 and for the three~~condensed and six months ended June 30, 2014 and 2013 have been prepared in accordance with accounting principles generally accepted in the United States for interim financial reporting. Accordingly, they do not include all of the disclosures required by accounting principles generally accepted in the United States for complete financial statements and should be read in conjunction with the audited consolidated financial statements and notes thereto for the year ended December 31, 2013 as filed with the Securities and Exchange Commission as part of our Form 10-K. In the opinion of management, all adjustments (consisting only of normal recurring adjustments) considered necessary for a fair presentation of the interim financial information have been included. The results of operations for any interim period are not necessarily indicative of the results of operations for the entire year.

~~Recent Accounting Pronouncements~~6

~~The Company~~INTERNATIONAL ~~reviews~~INDUSTRIAL ~~new accounting standards as issued. Although some of these accounting standards issued or effective after the end of the Company’s previous fiscal year may be applicable to the Company~~ENTERPRISES, ~~it has not identified any standards that it~~ ~~believes merit further discussion or will have a significant impact on its consolidated financial statements except as described below~~INC.

~~On June~~NOTES ~~10,~~TO ~~2014,~~THE ~~accounting~~CONDENSED ~~principles generally accepted in the United States were amended to remove the definition of a development~~CONSOLIDATED ~~stage~~FINANCIAL ~~entity thereby removing the financial reporting distinction between development stage entities and other reporting entities.~~STATEMENTS In addition, the amendments eliminate the requirements for the Company to present inception-to-date information and to label the consolidated financial statements as those of a development stage entity. The amendments are effective for the Company’s consolidated financial statements as of December 31, 2016, and interim periods therein; however, early application of each of the amendments is permitted for any reporting period. The Company has adopted the amendments and no longer presents inception-to-date information in the consolidated statements of operations, consolidated statement of changes in stockholders' deficit and consolidated cash flows. In addition, the consolidated financial statements will no longer be labeled as those of a development stage entity.

~~Organization~~NOTE A – ORGANIZATION AND DESCRIPTION OF BUSINESS

~~International Industrial~~Basis ~~Enterprises, Inc. (sometimes the “Company”) was incorporated on November 19, 1976 under the laws~~ of ~~the State of Delaware to engage in any lawful corporate activity.~~Presentation

WeThe unaudited financial ~~were~~statements ~~engaged~~of inInternational ~~real~~Industrial ~~estate~~Enterprises, ~~investments~~Inc. ~~from~~as ~~formation~~of ~~until~~September ~~April~~30, ~~1982~~2014 and wefor ~~were~~the ~~dormant~~three ~~until~~and ~~July~~nine 29months ended September 30, ~~1994.~~2014 Asand at2013 ~~July~~have ~~31,~~been prepared in accordance with accounting principles generally accepted in the United States for interim ~~1994~~financial reporting. Accordingly, they do not include all ~~funds~~of ~~raised~~the disclosures required by accounting principles generally accepted in ~~order~~the toUnited ~~fulfill~~States ~~our~~for ~~initial~~complete ~~objective~~financial ~~had~~statements ~~been~~and ~~expended.~~should ~~Thereafter,~~be weread ~~had~~in ~~very~~conjunction ~~limited~~with ~~operations~~the audited consolidated ~~until~~financial ~~June~~statements ~~14,~~and ~~2004~~notes ~~when~~thereto wefor ~~purchased~~the ~~Karlton~~year ~~Management,~~ended ~~Inc.~~December 31, ~~whose~~2013 ~~name~~as ~~was~~filed ~~changed~~with tothe ~~Group~~Securities ~~One~~and ~~Associates~~Exchange ~~Inc~~Commission as part of our Form 10-K. In the opinion of management, all adjustments (consisting only of normal recurring adjustments) considered necessary for a ~~Nevada~~fair presentation of the interim financial information have been included. The results of ~~Corporation~~operations for any interim period are not necessarily indicative of the results of operations for the entire year.

In 2004, we were engaged in the designing and printing tourist maps for various Las Vegas destinations. Our business stalled for eight months due to the death of our President in October 2006. On June 18, 2007, a new President was elected and we restarted our business. While we did not own any printing equipment, we intended to job-out our printing needs (maps) to established printing companies. Our tourist maps were to be printed on quality paper stock and our map designs were to be comical as well as informational. We intended to hire experienced advertising salesmen to sell advertising space on our maps. There is vigorous competition in the publishing and distribution of maps of Las Vegas. Some of these maps were sold and some were free. We intended to compete by offering a free Las Vegas map with advertisers, which feature main thoroughfares (no secondary roads) and the location of Hotels, Casinos, Restaurants and tourist locations.Organization

WeInternational Industrial Enterprises, ~~currently~~Inc. ~~have~~(sometimes ~~conducted~~the no“Company”) ~~business~~was ~~that~~incorporated ~~has~~on ~~resulted~~November in19, ~~any~~1976 ~~income~~under tothe laws of the ~~company~~State of Delaware to engage in any lawful corporate activity.

7We were engaged in real estate investments from formation until April 1982 and we were dormant until July 29, 1994. As at July 31, 1994, we were deemed to be a developmental stage company and all funds raised in order to fulfill our initial objective had been expanded. Thereafter, we had very limited operations until June 14, 2004 when we purchased Karlton Management, Inc., whose name was changed to Group One Associates Inc., a Nevada Corporation.

~~NOTE~~In 2004, we were engaged in the designing Band –printing ~~GOING~~tourist ~~CONCERN~~maps for various Las Vegas destinations. Our business stalled for eight months due to the death of our President in October 2006. On June 18, 2007, a new President was elected and we restarted our business. While we did not own any printing equipment, we intended to job-out our printing needs (maps) to established printing companies. Our tourist maps were to be printed on quality paper stock and our map designs were to be comical as well as informational. We intended to hire experienced advertising salesmen to sell advertising space on our maps. There is vigorous competition in the publishing and distribution of maps of Las Vegas. Some of these maps are sold and some are free. We intended to compete by offering a free Las Vegas map with advertisers, which feature main thoroughfares (no secondary roads) and the location of Hotels, Casinos, Restaurants and tourist locations.

~~The accompanying~~We ~~consolidated~~currently ~~financial statements~~ have ~~been~~conducted ~~prepared~~no ~~assuming we will continue as a going concern. During the period~~business ~~from~~that ~~February 2, 2005 (date of return to development stage) through June 30, 2014, the Company~~ has ~~incurred~~resulted an accumulated deficit of $115,723 primarily related to organizational and administrative expenses. The Company has a working capital deficit of $72,538. We expect to incur losses into the foreseeable future. These conditions raise substantial doubt about our ability to continue as a going concern. Management recognizes that in ~~order~~any ~~for~~revenue us to ~~meet our capital requirements, and continue to operate, additional financing will be necessary. To date~~ the ~~Company has financed its expenses primarily from shareholder loans, payments made by others on behalf of the~~ company ~~and by the settlement of payable amounts with shares of common stock~~.

~~The Company~~NOTE ~~has~~B ~~limited~~– ~~financial~~GOING resources available and has been unable to acquire significant funding which would allow the Company to pursue additional business, enable it to engage in research and development, or purchase revenue generating equipment. However, management has been successful in raising sufficient funds to cover the Company’s administrative expenses including the cost of auditing and other administrative costs.CONCERN

The accompanying financial statements ~~Company~~have been prepared assuming we will continue as a going concern. During the period from February 2, 2005 (date of return to ~~identify~~development stage) ~~new~~through ~~financial~~September ~~partners~~30, 2014, the Company has incurred an accumulated deficit of $118,003 primarily related to organizational and ~~investors~~administrative expenses. ~~However~~ The Company has a working capital deficit of $74,818. We ~~there~~expect ~~can~~to beincur nolosses into ~~assurance~~the foreseeable future. These conditions raise substantial doubt about our ability to continue as a going concern. Management recognizes that ~~any~~in order for us to meet our capital requirements, and continue to operate, additional ~~funds~~ financing will be ~~available~~necessary. To date the Company has financed its expenses primarily from shareholder loans, payments made by others on ~~terms~~behalf ~~acceptable~~of tothe company and by the ~~Company~~settlement orof atpayable ~~all~~amounts with shares of common stock.

~~NOTE~~The Company has limited financial resources Cavailable -and ~~SUMMARY~~has OFbeen ~~SIGNIFICANT~~unable ~~ACCOUNTING~~to ~~POLICIES~~acquire significant funding which would allow the Company to pursue additional business, enable it to engage in research and development, or purchase revenue generating equipment. However, management has been successful in raising sufficient funds to cover the Company’s administrative expenses including the cost of auditing and other administrative costs.

~~Principles~~The Company will continue to identify ofnew ~~Consolidation~~financial partners and investors. However, there can be no assurance that any additional funds will be available on terms acceptable to the Company or at all.

The accompanying consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary, Group One Associates Inc. All intercompany accounts and transactions have been eliminated.7

~~Estimates~~INTERNATIONAL INDUSTRIAL ENTERPRISES, INC.

~~The preparation~~NOTES ofTO ~~the~~THE ~~Company’s~~CONSOLIDATED ~~consolidated financial statements requires management to make estimates and use assumptions~~FINANCIAL that affect the reported amounts of assets, liabilities, revenues, and expenses. These estimates and assumptions are affected by management’s application of accounting policies. On an on-going basis, the Company evaluates its estimates. Actual results and outcomes may differ materially from these estimates and assumptions.STATEMENTS

~~Cash and~~NOTE ~~Cash~~C ~~Equivalents~~ - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

~~For purposes~~Principles of ~~the consolidated statement of cash flows, the Company considers all short-term debt securities purchased with maturity of three months or less to be cash equivalents.~~Consolidation

~~Fair~~The accompanying consolidated financial ~~Value~~statements ~~Measurement~~include the accounts of the Company and its wholly-owned subsidiary, Group One Associates Inc. All intercompany accounts and transactions have been eliminated.

The Company measures fair value as the price that would be received to sell an asset or paid to transfer a liability (an exit price) in an orderly transaction between market participants at the reporting date. The Company utilizes a three-tier hierarchy, which prioritizes the inputs used in the valuation methodologies in measuring fair value:Estimates

~~Level 1.~~The ~~Valuations~~preparation ~~based~~of onthe ~~quoted~~Company’s consolidated ~~prices~~financial instatements ~~active~~requires ~~markets~~management ~~for~~to ~~identical~~make ~~assets~~estimates orand ~~liabilities~~use assumptions that anaffect ~~entity~~the ~~has~~reported ~~the~~amounts ~~ability~~of assets, toliabilities, ~~access~~revenues, and expenses. These estimates and assumptions are affected by management’s application ~~The~~of accounting policies. On an on-going basis, the Company ~~has~~evaluates noits ~~assets~~estimates. Actual orresults ~~liabilities~~and ~~valued~~outcomes may ~~with~~differ ~~Level~~materially 1from ~~inputs~~these estimates and assumptions.

~~Level 2.~~Cash ~~Valuations~~and ~~based~~Cash on quoted prices for similar assets or liabilities, quoted prices for identical assets or liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable data for substantially the full term of the assets or liabilities. The Company has no assets or liabilities valued with Level 2 inputs.Equivalents

~~Level 3.~~For ~~Valuations~~purposes ~~based~~of onthe ~~inputs~~consolidated ~~that~~statement of ~~are~~cash ~~supported~~flows, bythe ~~little~~Company orconsiders noall ~~market~~short-term ~~activity~~debt ~~and~~securities ~~that~~purchased ~~are~~with ~~significant~~maturity ~~to the fair value~~ of ~~the~~ ~~assets~~three ormonths ~~liabilities. The Company has no assets~~ or ~~liabilities~~less ~~valued~~to ~~with~~be ~~Level 3 inputs~~cash equivalents.

8Fair Value Measurement

~~Fair~~The Company measures fair value as the ~~Value~~price ofthat ~~Financial~~would ~~Instruments~~be received to sell an asset or paid to transfer a liability (an exit price) in an orderly transaction between market participants at the reporting date. The Company utilizes a three-tier hierarchy, which prioritizes the inputs used in the valuation methodologies in measuring fair value:

~~The carrying~~Level ~~value~~1. ofValuations ~~cash~~based ~~and~~on ~~cash~~quoted prices ~~equivalents,~~in ~~accounts~~active ~~payable,~~markets ~~and~~for ~~accrued~~identical ~~liabilities~~assets ~~approximate~~or ~~their~~liabilities ~~fair~~that ~~value~~an ~~because~~entity of has the ~~short-term~~ability ~~nature~~to ~~of these instruments and their liquidity~~access. The ~~Management is of the opinion that the~~ Company ~~is not exposed to~~has ~~significant~~no ~~interest~~assets or ~~credit~~liabilities ~~risks~~valued ~~arising~~with ~~from~~Level ~~these~~1 ~~financial instruments~~inputs.

~~Income~~Level 2. Valuations based on quoted ~~Taxes~~prices for similar assets or liabilities, quoted prices for identical assets or liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable data for substantially the full term of the assets or liabilities. The Company has no assets or liabilities valued with Level 2 inputs.

~~The Company~~Level ~~accounts for income taxes using the asset and liability method~~3. ~~Under~~Valuations ~~the~~based ~~asset~~on ~~and liability method, deferred tax assets~~inputs ~~and~~that ~~liabilities~~ are ~~recognized~~supported ~~for~~by ~~the~~little ~~future~~or ~~tax~~no ~~consequences~~market ~~attributed~~activity ~~to differences between the financial statement carrying amounts of existing assets~~ and ~~liabilities~~that ~~and their respective tax bases and tax credits and loss carry-forwards. Deferred tax assets and liabilities~~ are ~~measured~~significant ~~using enacted tax rates expected~~ to ~~apply to taxable income in~~ the ~~years~~fair invalue ~~which those temporary differences and carry-forwards are expected to be recovered or settled. The effect on deferred tax assets and liabilities~~ of ~~a change in tax rates is recognized in income in~~ the ~~period that includes the enactment date. A valuation allowance is established when necessary to reduce deferred tax~~ assets toor ~~amounts expected to be realized~~liabilities. The Company ~~reports~~has ano ~~liability~~assets ~~for unrecognized tax benefits resulting from uncertain income tax positions taken~~ or ~~expected~~liabilities tovalued bewith ~~taken~~Level in3 ~~an income tax return~~inputs. ~~Estimated interest and penalties are recorded as a component of interest expense or other expense, respectively. See “Note G. Income Taxes” for further discussion.~~

~~Net Income~~Fair ~~(Loss)~~Value ~~Per~~of ~~Share~~Financial Instruments

~~Pursuant to~~The ~~ASC~~carrying ~~260-10-45-10,~~value ~~the computation~~ of ~~basic~~cash ~~earnings~~and ~~per share (“EPS”) is based on the weighted average number of~~cash ~~shares~~equivalents, ~~that~~accounts ~~were outstanding during the period~~payable, ~~including~~and ~~shares~~accrued ofliabilities ~~common~~approximate ~~stock~~their ~~that~~fair ~~are~~value ~~issuable~~because ~~at the end~~ of the ~~reporting period.~~short-term ~~The~~nature ~~computation~~ of ~~diluted~~these ~~EPS is based on the number of basic weighted-average shares outstanding plus the number of~~instruments ~~common~~and ~~shares~~their ~~that~~liquidity. Management ~~would~~is ~~be issued assuming the exercise~~ of ~~all potentially dilutive common shares outstanding using~~ the ~~treasury stock~~opinion ~~method. However, pursuant to ASC 260-10-45-17, the computation of diluted net income per share shall not assume conversion, exercise or contingent issuance of securities~~ that ~~would have an antidilutive effect on earnings per share. Therefore, when calculating EPS if~~ the Company ~~experienced a loss, there~~ is nonot ~~inclusion~~exposed ~~of dilutive securities as their inclusion in the EPS calculation is antidilutive. Furthermore, pursuant~~ to ~~ASC~~significant ~~260-10-45-25,~~interest ~~options~~or ~~and warrants will have a dilutive effect under the treasury~~credit ~~stock~~risks ~~method~~arising ~~only~~from ~~when~~these ~~the~~financial ~~average market price of the common stock during the period exceeds the exercise price of the options or warrants (they are in the money)~~instruments. ~~See “Note F. Net Loss Per Share” for further discussion.~~

~~NOTE D~~Income ~~- RELATED PARTY TRANSACTIONS~~Taxes

~~A related~~The ~~party~~Company isaccounts ~~generally~~for ~~defined~~income astaxes using ~~(i)~~the ~~any~~asset ~~person~~and ~~that~~liability ~~holds~~method. Under ~~10%~~the orasset ~~more~~and ofliability ~~the~~method, ~~Company’s~~deferred ~~securities~~tax assets and ~~their~~liabilities ~~immediate~~are ~~families,~~recognized ~~(ii)~~for the ~~Company’s~~future ~~management,~~tax ~~(iii)~~consequences ~~someone~~attributed ~~that~~to ~~directly~~differences orbetween ~~indirectly~~the ~~controls,~~financial isstatement ~~controlled~~carrying byamounts orof isexisting assets ~~under~~and liabilities and their respective tax bases and tax credits and loss carry-forwards. Deferred tax assets and ~~common~~liabilities ~~control~~are ~~with~~measured ~~the~~using ~~Company,~~enacted ortax ~~(iv)~~rates ~~anyone~~expected ~~who~~to ~~can~~apply ~~significantly~~to ~~influence~~taxable income in the ~~financial~~years in which those temporary differences and ~~operating~~carry-forwards ~~decisions~~are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the ~~Company~~period that includes the enactment date. A ~~transaction~~valuation allowance is ~~considered~~established when necessary to reduce deferred tax assets to amounts expected to be realized. The Company reports a ~~related~~liability ~~party~~for ~~transaction~~unrecognized tax ~~when~~benefits ~~there~~resulting isfrom uncertain income tax positions taken or expected to be taken in an income tax return. Estimated interest and penalties are recorded as a ~~transfer~~component of ~~resources~~interest expense or ~~obligations~~other ~~between~~expense, ~~related~~respectively. See “Note G. Income ~~parties~~Taxes” for further discussion.

During the six months ended June 30, 2014 and 2013, Jose Fernando Garcia advanced $9,574 and $7,744, respectively, to the Company by making payments for administrative expenses on behalf of the Company. These advances are recorded as accrued liabilities.8

~~The Company~~INTERNATIONAL ~~has~~INDUSTRIAL ~~an unsecured non-interest bearing related party loan in the amount of $29~~ENTERPRISES,~~373 at June 30, 2014 and December 31, 2013.~~ ~~This advance is from, Jose Fernando Garcia, a shareholder with 20% of the Company’s outstanding common shares~~INC. ~~The proceeds were used for daily business operations. The loan bears no interest and it is due on demand.~~

~~NOTE E~~NOTES -TO ~~CAPITAL~~THE ~~STOCK~~CONSOLIDATED FINANCIAL STATEMENTS

~~The Company~~Net ~~has~~Income no(Loss) ~~authorized~~Per ~~preferred stock.~~Share

~~The~~Pursuant to ASC 260-10-45-10, the computation ~~Company~~of ~~had~~basic ~~authorized~~earnings ~~Fifty~~per ~~Million~~share (~~50,000,000~~“EPS”) is based on the weighted average number of shares that were outstanding during the period, including shares of common stock ~~with~~that aare ~~par~~issuable ~~value~~at the end of $0the reporting period.~~001~~ The ascomputation of diluted ~~June~~EPS 30is based on the number of basic weighted-average shares outstanding plus the number of common shares that would be issued assuming the exercise of all potentially dilutive common shares outstanding using the treasury stock method. However, pursuant ~~2014~~to ASC 260-10-45-17, the computation of diluted net income per share shall not assume conversion, exercise or contingent issuance of securities that would have an antidilutive effect on earnings per share. Therefore, ~~There~~when calculating EPS ~~were~~if 2the Company experienced a loss,~~500~~ there is no inclusion of dilutive securities as their inclusion in the EPS calculation is antidilutive. Furthermore,~~000~~ ~~shares~~pursuant to ASC 260-10-45-25, options and warrants will have a dilutive effect under the treasury stock method only when the average market price of the common stock ~~issued~~during ~~and~~the ~~outstanding~~period asexceeds the exercise price of ~~June~~the ~~30,~~options ~~2014~~or warrants (they are in the money). See “Note F. Net Loss Per Share” for further discussion.

9Goodwill and Other Intangible Assets

~~NOTE~~Goodwill and other intangible assets Fwith indefinite useful lives are no longer amortized, but are evaluated for impairment annually, or immediately if conditions indicate that impairment could exist. The evaluation requires a two-step ~~NET~~impairment ~~LOSS~~test ~~PER~~to ~~SHARE~~identify potential goodwill impairment and measure the amount of a goodwill impairment loss. The first step of the test compares the fair value of a reporting unit with its carrying amount, including goodwill. If the carrying amount of a reporting unit exceeds its fair value, the second step of the goodwill impairment test is performed to measure the amount of the impairment loss. Both steps of the goodwill impairment testing involve significant estimates.

~~Basic net~~Recently ~~loss~~Adopted ~~per~~Accounting share is computed by dividing the net loss by the weighted average number of common shares outstanding during the period. There are no potentially dilutive securities or derivative instruments outstanding as of June 30, 2014 and 2013.Pronouncements

~~Following~~The Company reviews new accounting standards isas ~~the~~issued. Although ~~computation~~some of ~~basic~~these ~~and~~accounting ~~diluted~~standards ~~net~~issued ~~loss~~or ~~per~~effective ~~share~~after ~~for~~the end of the ~~three~~Company’s ~~and~~previous fiscal ~~six~~year ~~months~~may ~~ended~~be ~~June~~applicable 30to the Company, ~~2014~~it ~~and~~has ~~2013:~~not identified any standards that it believes merit further discussion. The Company believes that none of the new standards will have a significant impact on its consolidated financial statements.

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2014			2013			2014			2013
Basic and Diluted EPS Computation
Numerator:
Loss available to common stockholders'	$	(4,490	)	$	(2,509	)	$	(9,657	)	$	(7,728	)
Denominator:
Weighted average number of common shares outstanding		2,500,000			2,500,000			2,500,000			2,500,000
Basic and diluted EPS	$	(0.00	)	$	(0.00	)	$	(0.00	)	$	(0.00	)

NOTE D - RELATED PARTY TRANSACTIONS

~~NOTE~~A related party is generally defined Gas –(i) ~~INCOME~~any ~~TAXES~~person that holds 10% or more of the Company’s securities and their immediate families, (ii) the Company’s management, (iii) someone that directly or indirectly controls, is controlled by or is under common control with the Company, or (iv) anyone who can significantly influence the financial and operating decisions of the Company. A transaction is considered to be a related party transaction when there is a transfer of resources or obligations between related parties.

NoDuring the nine months ended September ~~provisions~~30, ~~for~~2014 ~~income~~and ~~taxes~~2013, ~~have~~Jose ~~been~~Fernando ~~recorded~~Garcia ~~since~~advanced $11,912 and $10,379, respectively, to the Company ~~has~~by ~~incurred~~making ~~losses~~payments ~~since~~for ~~inception~~administrative expenses on behalf of the Company totaling $11,812 and $10,179 during the nine months ended September 30, 2014 and 2013, respectively and cash advances of $100 and $200 during the nine months ended September 30, 2014 and 2013, respectively. These advances are recorded as advances from shareholder.

~~Based on~~The ~~management‘s present assessment, the~~ Company has ~~not~~an ~~yet~~unsecured ~~determined~~non-interest bearing itrelated toparty beloan ~~more~~in ~~likely than not that a deferred tax asset attributable to~~ the ~~future~~amount ~~utilization~~ of ~~net~~$29,373 ~~operating~~as ~~loss~~of ~~carry~~September ~~forwards~~30, as2014 ofand December 31, 2013. This ~~will~~advance ~~be realized. Accordingly,~~is ~~the~~from, ~~Company~~Jose ~~has~~Fernando ~~provided~~Garcia, a ~~100%~~shareholder ~~allowance~~owning ~~against~~20% of the ~~deferred~~Company’s ~~tax~~outstanding ~~asset~~common inshares. The ~~the~~proceeds were ~~financial~~used ~~statements~~for atdaily ~~December~~business ~~31, 2013~~operations. The ~~Company~~ ~~will~~loan ~~continue~~bears tono ~~review~~interest ~~this valuation allowance~~ and ~~make~~it ~~adjustments~~is asdue ~~appropriate~~on demand.

Current United States tax laws limit the amount of loss available to be offset against future taxable income when a substantial change in ownership occurs. Therefore, the amount available to offset future taxable income may be limited.9

~~NOTE H~~INTERNATIONAL –INDUSTRIAL ~~SUBSEQUENT EVENTS~~ENTERPRISES, INC.

~~Pursuant to~~NOTES ~~FASB~~TO ~~Accounting~~THE ~~Standards~~CONSOLIDATED ~~Codification 855, Subsequent Events, Including ASC 855-10-S99-2, the Company evaluated subsequent~~FINANCIAL ~~events through the date of this report. No additional disclosures required.~~STATEMENTS

10NOTE E - CAPITAL STOCK

~~Item 2.~~The ~~Management's~~Company ~~Discussion~~has ~~and~~no ~~Analysis~~authorized ~~of Financial Condition and Results of Operations~~preferred stock.

The ~~following~~ ~~Management’s~~Company ~~Discussion~~had ~~and~~authorized ~~Analysis~~Fifty Million (~~“MD&A”~~50,000,000) isshares ~~intended~~of tocommon ~~help~~stock ~~the~~with ~~reader~~a ~~understand~~par ~~the~~value ~~consolidated results~~ of ~~operations~~$0.001 ~~and financial condition~~ of ~~International~~which ~~Industrial~~there ~~Enterprises~~were 2,500,000 ~~Inc.~~shares ~~and~~of ~~its~~common ~~subsidiaries.~~stock ~~The~~issued ~~MD&A~~and isoutstanding ~~provided~~ as aof ~~supplement~~September to30, ~~and should be read in conjunction with financial statements and the accompanying notes to the financial statements included in this Form 10-Q~~2014.

~~Our discussion~~NOTE ~~and~~F ~~analysis~~- ofNET ~~our~~LOSS ~~financial~~PER condition and results of operations is based on our financial statements, which have been prepared in accordance with accounting principles generally accepted in the United States of America. The preparation of these financial statements requires us to make estimates and judgments that affect the reported amounts of assets, liabilities and expenses and related disclosure of contingent assets and liabilities. Management bases its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions.SHARE

~~Overview~~Basic net loss per share is computed by dividing the net loss by the weighted average number of common shares outstanding during the period. There are no potentially dilutive securities or derivative instruments outstanding as of September 30, 2014 or 2013.

~~We are~~Following ais ~~shell~~the ~~company~~computation ~~with~~of nobasic and ~~operations.~~diluted ~~Our~~net ~~statement~~loss ofper ~~operations~~share ~~contains~~for ~~costs~~the ~~primarily~~three ~~associated~~and ~~with~~nine ~~the~~months ~~administration of~~ended ~~our~~September ~~public~~30, ~~company~~2014 ~~entity.~~and 2013:

Plan of operation for the next twelve months

	Three Months Ended September 30,						Nine Months Ended September 30,
	2014			2013			2014			2013
Basic and Diluted EPS Computation
Numerator:
Loss available to common stockholders'	$	(2,280	)	$	(2,577	)	$	(11,937	)	$	(10,305	)
Denominator:
Weighted average number of common shares outstanding		2,500,000			2,500,000			2,500,000			2,500,000

Basic and diluted EPS	$	(0.00	)	$	(0.00	)	$	(0.00	)	$	(0.00	)

~~We intend~~NOTE toG ~~seek,~~– ~~investigate,~~INCOME and, if warranted, effect a business combination with an existing, privately held company. The business combination may be structured as a reverse merger, consolidation, our exchange of stock or any other form which will effectuate the combined entity being a publicly held company. We intend to seek to acquire assets or shares of an entity actively engaged in business which generates revenues in exchange for its securities.TAXES

~~We do~~No ~~not~~provisions ~~propose to restrict our search~~ for ~~any~~income ~~investment~~taxes ~~opportunity to any particular industry, and may therefore, engage in~~have ~~essentially~~been ~~any~~recorded ~~business,~~since to the ~~extent~~Company ofhas ~~its~~incurred ~~limited~~losses ~~resources~~since inception.

WeBased on management‘s present ~~intend~~assessment, the Company has not yet determined it to ~~seek~~be more likely than not that a ~~business~~deferred ~~opportunity~~tax inasset attributable to the ~~form~~future utilization of ~~firms~~net ~~which~~operating ~~(i)~~loss ~~have~~carry ~~recently~~forwards ~~commenced~~as ~~operations~~of December 31, ~~(ii)~~2013 ~~are~~will ~~seeking~~be torealized. Accordingly, ~~develop~~the Company has provided a ~~new~~100% ~~product~~allowance oragainst ~~service~~the deferred tax asset in the financial statements at December 31, or2013. The ~~(iii)~~Company ~~are~~will ~~established~~continue to ~~businesses~~review this valuation allowance and make adjustments as appropriate.

WeCurrent United States tax laws limit ~~may~~the oramount ~~may~~of ~~not~~loss ~~issue~~available ~~securities~~to be offset against future taxable income when a substantial change in ~~any~~ownership ~~proposed~~occurs. Therefore, the ~~business~~amount ~~combination~~available to offset future taxable income may be limited.

~~Results of~~NOTE ~~Operations~~H – SUBSEQUENT EVENTS

~~Three and~~Pursuant ~~Six~~to ~~Months~~FASB ~~Ended~~Accounting ~~June~~Standards Codification 30855, ~~2014~~Subsequent ~~Compared~~Events, ~~with~~Including ASC 855-10-S99-2, the ~~Three~~Company ~~and~~evaluated ~~Six~~subsequent ~~Months~~events ~~Ended~~through ~~June~~the ~~30,~~date ~~2013~~of this report. No additional disclosures required.

~~The Company has earned no significant revenue or profits to date, and the Company anticipates that it will continue to incur net losses for the foreseeable future.~~10

~~General and~~Item ~~administrative expenses primarily includes costs to administer the public entity~~2. ~~The~~Management's ~~Company~~Discussion ~~incurred general~~ and ~~administrative expenses~~Analysis of ~~$4,490~~Financial ~~for~~Condition ~~the three months ended June 30, 2014, as compared to $2,509 for the three months ended June 30, 2013. The Company incurred general~~ and ~~administrative~~Results ~~expenses~~ of ~~$9,657 for the six months ended June 30, 2014, as compared to $7,728 for the six months ended June 30, 2013~~Operations.

~~Liquidity~~The following Management’s Discussion and ~~Capital~~Analysis ~~Resources~~(“MD&A”) is intended to help the reader understand the consolidated results of operations and financial condition of International Industrial Enterprises, Inc. and its subsidiaries. The MD&A is provided as a supplement to, and should be read in conjunction with financial statements and the accompanying notes to the financial statements included in this Form 10-Q.

~~The~~Our discussion ~~accompanying~~and ~~financial~~analysis ~~statements~~of ~~have~~our ~~been~~financial ~~prepared~~condition ~~assuming~~and weresults ~~will~~of ~~continue~~operations asis abased ~~going~~on ~~concern.~~our ~~During~~financial ~~the~~statements, ~~period~~which ~~from~~have ~~February~~been prepared 2,in ~~2005~~accordance ~~through~~with ~~June~~accounting ~~30,~~principles ~~2014,~~generally ~~the~~accepted ~~Company~~in ~~has~~the ~~incurred~~United anStates ~~accumulated deficit~~ of ~~$115,723~~America. The ~~primarily~~preparation ~~related~~of ~~to organizational~~these ~~and~~financial ~~administrative~~statements ~~expenses.~~requires Weus ~~expect~~ to ~~incur~~make ~~losses~~estimates ~~into~~and ~~the~~judgments ~~foreseeable~~that ~~future.~~affect ~~These~~the ~~conditions~~reported ~~raise~~amounts ~~substantial~~of ~~doubt~~assets, ~~about~~liabilities and expenses ~~our~~and ~~ability~~related todisclosure ~~continue~~of ascontingent aassets ~~going~~and ~~concern~~liabilities. Management ~~recognizes~~bases ~~that~~its inestimates ~~order~~on ~~for~~historical usexperience and toon ~~meet~~various ~~our~~other ~~capital~~assumptions ~~requirements,~~that ~~and~~are ~~continue~~ believed to ~~operate,~~be ~~additional~~reasonable ~~financing~~under ~~will~~the becircumstances, ~~necessary.~~the Toresults ~~date~~of which form the ~~Company~~basis for ~~has~~making ~~financed~~judgments ~~its~~about ~~expenses~~the ~~primarily~~carrying ~~from~~values ~~shareholder~~of ~~loans, payments~~assets ~~made~~and byliabilities ~~others~~that onare ~~behalf~~not ofreadily ~~the~~apparent ~~company~~from ~~and~~other bysources. Actual results ~~the~~may ~~settlement~~differ offrom ~~payable~~these ~~amounts~~estimates ~~with~~under ~~shares~~different ofassumptions ~~common~~or ~~stock~~conditions.

11Overview

~~Net cash~~We ~~used~~are bya ~~operating~~shell ~~activities~~company ~~was~~with ~~$83~~no ~~for~~operations. Our statement ~~the~~of ~~six~~operations ~~months~~contains ~~ended~~costs ~~June~~primarily ~~30,~~associated ~~2014~~with ~~and~~the ~~provided~~administration by of ~~$16~~our ~~for~~public ~~the~~company ~~six months ended June 30, 2013~~entity.

~~Net cash~~Plan ~~provided by finance activities included bank overdraft~~ of $8operation for the ~~six~~next ~~months ended June 30 2014 and $0 for the six months~~twelve ~~ended June 30, 2013~~months

~~The Company~~We ~~has~~intend ~~limited~~to ~~financial~~seek, ~~resources~~investigate, ~~available~~ and, if ~~has~~warranted, ~~been~~effect ~~unable~~a tobusiness ~~acquire~~combination ~~significant~~with ~~funding~~an ~~which~~existing, ~~would~~privately ~~allow~~held ~~the~~company. The ~~Company~~business combination tomay ~~pursue~~be ~~additional~~structured ~~business,~~as ~~enable~~a itreverse tomerger, ~~engage~~consolidation, inour ~~research~~exchange ~~and~~of ~~development,~~stock or ~~purchase~~any ~~revenue~~other ~~generating~~form ~~equipment.~~which ~~However, management~~will ~~has~~effectuate ~~been~~the ~~successful~~combined entity inbeing ~~raising~~a ~~sufficient~~publicly ~~funds~~held tocompany. We ~~cover~~intend ~~the~~to ~~Company’s~~seek ~~administrative~~to ~~expenses~~acquire ~~including~~assets ~~the cost~~or shares of ~~auditing~~an ~~and~~entity ~~other~~actively ~~administrative~~engaged in ~~costs~~business ~~primarily~~which ~~from~~generates ~~shareholder~~revenues ~~loans~~in ~~provided~~exchange byfor ~~our~~its ~~primary shareholder~~securities.

~~The Company~~We ~~will~~do ~~continue~~not propose to ~~identify~~restrict ~~new~~our ~~financial~~search for ~~partners and investors. However, there can be no assurance that~~ any ~~additional funds~~investment ~~will~~opportunity ~~be available on terms acceptable~~ to ~~the~~any ~~Company~~particular orindustry, atand ~~all.~~may ~~As of June 30~~therefore, ~~2014,~~engage ~~the~~in ~~company~~essentially ~~was~~any ~~authorized~~business, to ~~issue 50,000,000~~the ~~shares~~ extent of ~~common~~its ~~stock~~limited resources.

~~Commitments~~We intend to seek a business opportunity in the form of firms which (i) have recently commenced operations, (ii) are seeking to develop a new product or service, or (iii) are established businesses.

We do ~~not~~may ~~have~~or ~~any~~may ~~commitments~~not ~~which~~issue ~~are~~securities ~~required to be disclosed~~ in any ~~tabular~~proposed ~~form~~business ~~as of June 30, 2014~~combination.

~~Off-Balance Sheet~~Results ~~Arrangements~~of Operations

~~As of~~Three ~~June~~and ~~30,~~Nine ~~2014,~~Months weEnded ~~have no off-balance sheet arrangements such as guarantees~~September 30, ~~retained~~2014 orCompared ~~contingent~~with ~~interest~~the inThree ~~assets transferred, obligation under a derivative instrument~~ and ~~obligation~~Nine ~~arising~~Months ~~out~~Ended ofSeptember or30, ~~a variable interest in an unconsolidated entity.~~2013

~~ITEM~~The Company has earned no significant revenue ~~4. CONTROLS~~or ~~AND~~profits ~~PROCEDURES~~to date, and the Company anticipates that it will continue to incur net losses for the foreseeable future.

~~Disclosure~~General and administrative expenses primarily ~~Controls~~includes costs to administer the public entity. The Company incurred general and ~~Procedures~~administrative expenses of $2,280 for the three months ended September 30, 2014, as compared to $2,577 for the three months ended September 30, 2013. The Company incurred general and administrative expenses of $11,937 for the nine months ended September 30, 2014, as compared to $10,305 for the nine months ended September 30, 2013.

~~Under the~~Liquidity ~~supervision~~ and ~~with~~Capital the participation of our management, including our Chief Executive Officer and Chief Financial Officer, we conducted an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures, as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934 (the “Exchange Act”), as of the end of the period covered by this quarterly report. Based on this evaluation, our Chief Executive Officer and Chief Financial Officer concluded that as of June 30, 2014, that our disclosure controls and procedures were effective such that the information required to be disclosed in our United States Securities and Exchange Commission (the “SEC”) reports is recorded, processed, summarized and reported within the time periods specified in SEC rules and forms, and is accumulated and communicated to our management, including our Chief Executive Officer and Chief Financial Officer, as appropriate to allow timely decisions regarding required disclosure.Resources

~~Internal~~The accompanying financial statements ~~Control~~have ~~over~~been ~~Financial~~prepared ~~Reporting~~assuming we will continue as a going concern. During the period from February 2, 2005 (date of return to development stage) through September 30, 2014, the Company has incurred an accumulated deficit of $118,003 primarily related to organizational and administrative expenses. We expect to incur losses into the foreseeable future. These conditions raise substantial doubt about our ability to continue as a going concern. Management recognizes that in order for us to meet our capital requirements, and continue to operate, additional financing will be necessary. To date the Company has financed its expenses primarily from shareholder loans, payments made by others on behalf of the company and by the settlement of payable amounts with shares of common stock.

There were no changes in our internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.11

12Net cash used by operating activities was $125 and $126 for the nine months ended September, 2014 and 2013, respectively. Net cash used in operating activities during the nine months ended September 30, 2014 consisted of a net loss of $11,937 offset by $11,812 of expenses being paid directly by a shareholder on behalf of the Company as a non-cash activity. Net cash used in operating activities during the nine months ended September 30, 2013 consisted of a net loss of $10,305 offset by $10,179 of expenses being paid directly by a shareholder on behalf of the Company as a non-cash activity.

~~PART~~Net cash provided by financing activities IIwas ~~OTHER~~$0 ~~INFORMATION~~for the nine months ended September 30, 2014 and 2013.

~~ITEM~~Net cash provided by financing activities 6.was ~~EXHIBITS~~$100 ~~AND~~and ~~REPORTS~~$200 ONfor ~~FORM~~the ~~8-K~~nine months ended September 30, 2014 and 2013, respectively.

The Company has limited financial resources ~~following~~available ~~documents~~and ~~are~~has ~~included~~been unable to acquire significant funding which would allow the Company to pursue additional business, enable it to engage in research and development, or ~~incorporated~~purchase byrevenue ~~reference~~generating asequipment. However, ~~exhibits~~management has been successful in raising sufficient funds to ~~this~~cover ~~report:~~ the Company’s administrative expenses including the cost of auditing and other administrative costs.

Exhibit No.		Identification of Exhibit
31.1*		Certification of David Rodgers, Chief Executive Officer and Chief Financial Officer of International Industrial Enterprises, Inc., pursuant to 18 U.S.C. §1350, as adopted pursuant to §302 of the Sarbanes-Oxley Act of 2002.
32.1*		Certification of David Rodgers, Chief Executive Officer and Chief Financial Officer of International Industrial Enterprises, Inc., pursuant to 18 U.S.C. §1350, as adopted pursuant to §906 of the Sarbanes-Oxley Act of 2002.

The Company will continue to identify new financial partners and investors. However, there can be no assurance that any additional funds will be available on terms acceptable to the Company or at all. As of September 30, 2014, the company was authorized to issue 50,000,000 shares of common stock.

* Filed HerewithCommitments

13We do not have any commitments which are required to be disclosed in tabular form as of September 30, 2014.

~~SIGNATURES~~ Off-Balance Sheet Arrangements

InAs of September 30, 2014, we have no ~~accordance~~off-balance ~~with~~sheet ~~Section~~arrangements 13such oras 15guarantees, ~~(d)~~retained ofor ~~the~~contingent ~~Exchange~~interest ~~Act~~in assets transferred, ~~the~~obligation ~~registrant~~under ~~caused~~a ~~this~~derivative instrument ~~report~~and toobligation bearising ~~signed~~out onof ~~its~~or ~~behalf~~a byvariable ~~the undersigned~~interest ~~thereunto~~in ~~duly~~an ~~authorized~~unconsolidated entity.

~~Date: August~~ITEM 7,4. ~~2014~~CONTROLS AND PROCEDURES

~~International~~Disclosure ~~Industrial~~Controls ~~Enterprises, Inc. Registrant By: /s/ David Rodgers David W. Rodgers Chief Executive Officer, Chief Financial Officer~~ and ~~Director (Principal Executive Officer, Principal Financial Officer, and Principal Accounting Officer)~~Procedures

14Under the supervision and with the participation of our management, including our Chief Executive Officer and Chief Financial Officer, we conducted an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures, as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934 (the “Exchange Act”), as of the end of the period covered by this quarterly report. Based on this evaluation, our Chief Executive Officer and Chief Financial Officer concluded that as of September 30, 2014, that our disclosure controls and procedures were effective such that the information required to be disclosed in our United States Securities and Exchange Commission (the “SEC”) reports is recorded, processed, summarized and reported within the time periods specified in SEC rules and forms, and is accumulated and communicated to our management, including our Chief Executive Officer and Chief Financial Officer, as appropriate to allow timely decisions regarding required disclosure.

Internal Control over Financial Reporting

PART II OTHER INFORMATION

ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K

The following documents are included or incorporated by reference as exhibits to this report:

Exhibit No.		Identification of Exhibit
31.1*		Certification of David Rodgers, Chief Executive Officer and Chief Financial Officer of International Industrial Enterprises, Inc., pursuant to 18 U.S.C. §1350, as adopted pursuant to §302 of the Sarbanes-Oxley Act of 2002.
32.1*		Certification of David Rodgers, Chief Executive Officer and Chief Financial Officer of International Industrial Enterprises, Inc., pursuant to 18 U.S.C. §1350, as adopted pursuant to §906 of the Sarbanes-Oxley Act of 2002.

* Filed Herewith

SIGNATURES

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

Date: October 28, 2014

	International Industrial Enterprises, Inc.
	Registrant

	By:	*/s/ David W. Rodgers*
		David W. Rodgers Chief Executive Officer, Chief Financial Officer and Director (Principal Executive Officer, Principal Financial Officer, and Principal Accounting Officer)

Filing Compare · INTERNATIONAL INDUSTRIAL ENTERPRISES, INC.