UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

~~Washington~~WASHINGTON, D.C. 20549

FORM 10-Q

(Mark One)

x ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(dD) OF THE SECURITIES EXCHANGE ACT OF 1934.

For the ~~quarterly~~Quarterly ~~period~~Period ~~ended~~Ended ~~December~~June 3130, ~~2013~~2014

o ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(dD) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission File Number: 000-54083

CLONE ALGO INC.

(Exact name of registrant as specified in its charter)

Nevada		27-3183663
(State or other jurisdiction of		(I.R.S. Employer Identification No.)
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)
incorporation or organization)

1 Changi North Street 1, Singapore		100027
(Address of principal executive offices)		(Zip Code)

3225 McLeod Drive, Suite 100, Las Vegas, NV 89121

+(~~65)~~Address ~~8688~~of ~~5566~~principal executive offices)(Zip Code)

702-871-8535

(Registrant’s telephone number, including area code)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15 (d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter ~~period~~periods 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 o☑

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate ~~Website~~Web site, if any, every Interactive ~~Date~~Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).

Yes x ☐ No o ☑

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

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

~~Indicate~~(Do bynot check ~~mark~~if ~~whether the registrant is~~ a ~~shell~~smaller ~~company~~reporting ~~(as defined in Rule 12b-2 of the Exchange Act~~company)~~. Yes x No o~~

AsIndicate ofby ~~February~~check ~~12,~~mark ~~2013,~~whether ~~there~~the ~~were~~registrant is ~~2,000,000~~a ~~shares~~shell of company ~~common~~(as ~~stock~~defined ~~issued~~in ~~and~~Rule ~~outstanding~~12b-2 of the Exchange Act).

~~CLONE~~Yes ☐ ~~ALGO INC.~~No ☑

~~Quarterly~~As ~~Report~~of onJanuary ~~Form~~12, ~~10-Q~~2015, the registrant had 697,646,696 shares of its common stock outstanding.

~~December~~CLONE ALGO ~~31,~~INC. ~~2013~~AND SUBSIDIARIES

QUARTERLY REPORT ON FORM 10-Q

JUNE 30, 2014

TABLE OF CONTENTS

Cautionary Note Regarding Forward-Looking Statements			iii
		PAGE
PART I – FINANCIAL INFORMATION
PART I - FINANCIAL INFORMATION		3
Item 1.	Financial Statements.	3	1
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations.	16	2
Item 3.	Quantitative and Qualitative Disclosures About Market Risk.	21	5
Item 4.	Controls and Procedures.	21	5
PART II – OTHER INFORMATION
PART II - OTHER INFORMATION		23
Item 1.	Legal Proceedings.	23	6
Item 1A.	Risk Factors.	23	6
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds.	23	6
Item 3.	Defaults Upon Senior Securities.	23	6
Item 4.	Mine Safety ~~Disclosures.~~Disclosure	23	6
Item 5.	Other Information.	24	6
Item 6.	Exhibits.	24	7
SIGNATURES		25	8

~~CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS~~2

This quarterly report on Form 10-Q contains forward-looking statements. These statements relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “potential” or “continue” or the negative of such terms or other comparable terminology. Forward-looking statements are speculative and uncertain and not based on historical facts. Because forward-looking statements involve risks and uncertainties, there are important factors that could cause actual results to differ materially from those expressed or implied by these forward-looking statements, including those discussed under “Description of Business” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations”. These uncertainties and other factor include, but are not limited to: our ability to locate a business opportunity for merger; the terms of our acquisition of or participation in a business opportunity; and the operating and financial performance of any business combination with us.

Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance, or achievements, and the reader is advised to consult any further disclosures made on related subjects in our future SEC filings.

iii

PART I – FINANCIAL INFORMATION

Item 1. - Financial Statements.

~~Clone~~CLONE ALGO ~~Algo Inc~~INC. AND SUBSIDIARIES

~~(FKA: Corridor~~CONSOLIDATED BALANCE ~~Ventures I Acquisition Corp.)~~SHEETS

(A Development Stage Company)

	June 30, 2014			March 31, 2014
	(Unaudited)
ASSETS
Current assets
Cash and cash equivalents	$	5,864,939		$	6,991,013
Accounts receivable		8,034,366			1,504,060
Accounts receivable - related parties		2,025,000			603,520
Due from related parties		139,388			-
Prepaid expenses and other current assets		25,200			13,200
Total current assets		16,088,893			9,111,793

Property and equipment		84,476			88,964

Total Assets	$	16,173,369		$	9,200,757

LIABILITIES AND STOCKHOLDERS' DEFICIT
Current liabilities
Accounts payable and accrued liabilities	$	64,945		$	420,303
Other current liabilities		-			2,500,000
Customer deposit		40,000			-
Due to related parties		4,005,141			3,296,214
Note payable - related party, current portion		16,500,000			13,942,652
Note payable - current portion		8,875,000			9,165,128
Total current liabilities		29,485,086			29,324,297

Note payable to related party, net of discount of $24,297,635 at June 30, 2014 and $25,591,098 at March 31, 2014		65,702,365			80,466,250
Note payable, net of discount of $2,371,482 at June 30, 2014 and $2,639,788 at March 31, 2014		8,378,518			9,695,084

Total Liabilities		103,565,969			119,485,631

Commitment and contingencies

Stockholders' equity (deficit)
Clone Algo, Inc. and subsidiaries stockholders' equity (deficit)
Preferred stock; $0.001 par value; 200,000,000 shares authorized;
150,000,000 and 0 shares issued and outstanding at June 30, 2014
and March 31, 2014, respectively		150,000			150,000
Common stock; $0.001 par value; 750,000,000 shares authorized;
697,646,696 and 695,000,000 shares issued and outstanding at June 30, 2014
and March 31, 2014, respectively		697,647			695,000
Additional paid-in capital		22,541,496			1,370,575
Stock payable		1,755,342			6,984,364
Accumulated earnings (deficit)		(76,227,809	)		(79,401,832	)
Total Clone Algo Inc. and subsidiaries stockholders' equity		(51,083,324	)		(70,201,893	)
Non-controlling interest in consolidated subsidiary		(36,309,276	)		(40,082,981	)
Total Stockholders' Deficit		(87,392,600	)		(110,284,874	)
Total Liabilities and Stockholders' Equity (Deficit)	$	16,173,369		$	9,200,757

~~December~~The accompanying ~~31,~~notes ~~2013~~are an integral part of these unaudited consolidated financial statements.

~~(Unaudited)~~3

	Index
Balance Sheets	F-1
Statements of Operations	F-2
Statements of Cash Flows	F-3
Notes to the Financial Statements	F-4

CLONE ALGO INC. AND SUBSIDIARIES

1CONSOLIDATED STATEMENTS OF OPERATIONS

~~CLONE ALGO INC.~~(UNAUDITED)

(FKA: Corridor Ventures I Acquisition Corp.)

	For the Three Months Ended
	June 30, 2014			June 30, 2013
Revenues
Licensing fees - others	$	8,542,906		$	-
Licensing fees - related parties		2,025,000			-
Total revenues		10,567,906			-

Cost of revenues		3,600,000			-

Gross profit		6,967,906			-

Operating expenses
Depreciation and amortization		4,488			-
Selling general and administrative		454,452			6,700
Total operating expenses		458,939			6,700

Income (Loss) from operations		6,508,967			(6,700	)

Other income and (expense)
Other income		531			-
Interest expense		(1,561,769	)		-
Total other income and (expense)		(1,561,239	)		-

Income (loss) from operations before income tax		4,947,728			(6,700	)

Provision for income taxes		-			-

Net income (loss) applicable to common stock before allocation to noncontrolling interest	$	4,947,728		$	(6,700	)

Less: net income attributable to noncontrolling interest		1,773,705			-

Net income (loss) attributable to Clone Algo, Inc. common stock	$	3,174,023		$	(6,700	)

Basic and diluted net income (loss) per common share applicable to Clone Algo, Inc. common stock	$	0.00		$	(0.00	)

Weighted average common shares outstanding - basic and diluted		696,753,804			2,000,000

(AThe accompanying ~~Development~~notes ~~Stage~~are ~~Company)~~an integral part of these unaudited consolidated financial statements.

~~Balance Sheets~~4

~~(Expressed~~CLONE ALGO ~~in U~~INC.S. ~~dollars)~~AND SUBSIDIARIES

~~(Unaudited)~~CONSOLIDATED STATEMENTS OF CASH FLOWS

	December 31, 2013			March 31, 2013
ASSETS
Current Assets
Cash	$	–		$	–
Total current assets		–			–
Total Assets	$	-		$	-
LIABILITIES
Current Liabilities
Accounts payable and accrued liabilities	$	12,655		$	3,583
Due to related parties		21,246			8,163
Total current liabilities		33,901			11,746
Total Liabilities		33,901			11,746
STOCKHOLDER’S DEFICIT
Preferred Stock
Authorized: 10,000,000 preferred shares with a par value of $0.001 per share
Issued and outstanding: nil preferred shares		–			–
Common Stock
Authorized: 200,000,000 common shares with a par value of $0.001 per share
Issued and outstanding: 2,000,000 common shares		2,000			2,000
Additional paid-in capital		20,575			20,575
Accumulated deficit during the development stage		(56,476	)		(34,321	)
Total stockholder’s deficit		(33,901	)		(11,746	)
Total Liabilities and Stockholder’s Deficit	$	–		$	–

(UNAUDITED)

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

	For The Three Months Ended
	June 30, 2014			June 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss) attributable to Clone Algo, Inc. common stock	$	3,174,023		$	(6,700	)
Net income attributable to noncontrolling interest		1,773,705			-
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation and amortization		4,488			-
Amortization of debt discount		1,561,769			-
Changes in operating assets and liabilities:
Accounts receivable		(6,530,306	)		-
Accounts receivable - related party		(1,421,480	)		-
Due from related parties		(139,388	)		-
Prepaid expenses and other current assets		(12,000	)		-
Accounts payable and accrued liabilities		(355,358	)		2,200
Customer deposit		40,000			-
Other current liabilities		(2,500,000	)		-
Due to related parties		708,927			4,500
Net cash used in operating activities		(3,695,620	)		-

CASH FLOWS FROM INVESTING ACTIVITIES
Net cash used in investing activities		-			-

CASH FLOWS FROM FINANCING ACTIVITIES
Noncontrolling interest in Clone Algo Pte Ltd.		2,000,000			-
Proceeds from sale of common stock, net		15,944,546			-
Cash paid for note payable to related party		(13,500,000	)		-
Cash paid for note payable		(1,875,000	)		-
Net cash provided by financing activities		2,569,546			-

NET DECREASE IN CASH AND CASH EQUIVALENTS		(1,126,074	)		-

CASH AND CASH EQUIVALENTS, AT THE BEGINNING OF THE PERIOD		6,991,013			-

CASH AND CASH EQUIVALENTS, AT THE END OF THE PERIOD	$	5,864,939		$	-

SUPPLEMENTAL DISCLOSURES OF CASH FLOWS INFORMATION:
Interest paid	$	-		$	-
Income tax paid	$	-		$	-

~~F-1~~The accompanying notes are an integral part of these unaudited consolidated financial statements.

~~CLONE ALGO INC.~~5

~~(FKA:~~CLONE ALGO ~~Corridor~~INC. ~~Ventures~~AND ~~I Acquisition Corp.)~~SUBSIDIARIES

(ANOTES TO ~~Development~~UNAUDITED ~~Stage~~CONSOLIDATED ~~Company)~~FINANCIAL STATEMENTS

~~Statements~~AS OF ofJUNE ~~Operations~~30, 2014 AND MARCH 31, 2014

~~(Expressed~~NOTE 1 in– ~~U.S.~~NATURE ~~dollars)~~OF OPERATIONS AND BASIS OF PRESENTATION

As used herein and except as otherwise noted, the term “Company”, “it(~~Unaudited~~s)”, “our”, “us”, “we” and “CAI” shall mean Clone Algo Inc., a Nevada corporation and Subsidiaries.

	For the Three Months Ended December 31, 2013			For the Three Months ended December 31, 2012			For the Nine Months ended December 31, 2013			For the Nine Months ended December 31, 2012			From inception (February 22, 2010) to December 31, 2013
Revenues	$	–		$	–		$	–		$	–		$	–
Operating expenses
General and administrative		8,003			4,359			22,155			19,746			56,476
Total operating expenses		8,003			4,359			22,155			19,746			56,476
Net loss	$	(8,003	)	$	(4,359	)	$	(22,155	)	$	(19,746	)	$	(56,476	)
Net earnings per share – Basic	$	(0.00	)	$	(0.00	)	$	(0.01	)	$	(0.01	)
Weighted average shares Outstanding – Basic		2,000,000			2,000,000			2,000,000			2,000,000

Clone Algo, Inc. (the “Company”) was incorporated in Nevada on February 22, 2010 as a "blank check" company under the name of Corridor Ventures I Acquisition Corp. On January 8, 2014, Niraj Goel, an investor, acquired 99% ownership interest in the Company by purchasing from the former shareholders, 193,000,000 shares of common stock for $193,000 cash. This resulted in a change of control and the executive officers and directors of the Company resigned from their positions. Niraj Goel became the Company’s new President, Chief Executive Officer, Chief Financial Officer, and a sole Director. Additionally, on that same date, the Company changed its name to Clone Algo, Inc.

~~(The~~On March ~~accompanying~~7, ~~notes~~2014, ~~are~~the Company formed an ~~integral~~entity ~~part~~Clone Algo Pte Ltd. in Singapore (“Singapore Subsidiary”) of ~~these~~which ~~financial~~the Company ~~statements~~has a 65% ownership interest through the ownership of 4,875,000 shares of common stock. Algo Markets Limited, a Malaysia limited liability company (“Algo Markets”), is a wholly-owned subsidiary of the Singapore Subsidiary and is the subsidiary through which the Company conducts its business. The 35% noncontrolling interest or 2,625,000 shares of Singapore Subsidiary were purchased by Niraj Goel, the Company's former Chief Executive Officer for $2,625,000.

~~F-2~~On May 21, 2014, Niraj Goel resigned from his position as President, Chief Executive Officer, and Chief Financial Officer of the Company and Nitin Damodaran was appointed as the Company’s Chief Executive Officer and Interim Chief Financial Officer.

~~CLONE~~Clone Algo ~~ALGO~~Inc. ~~INC~~is a technology company specializing in developing algorithms based on artificial intelligence and operates social investment networks. The Company ushers the social trading revolution and helps the users create passive income by cloning algorithms which automatically trade forex, shares, gold and CFDs to the account holder’s brokerage account.

~~(FKA:~~The accompanying ~~Corridor~~interim ~~Ventures~~consolidated Ifinancial ~~Acquisition~~statements ~~Corp~~are unaudited, but in the opinion of management of the Company, contain all adjustments, which include normal recurring adjustments and business acquisition adjustments, necessary to present fairly the financial position at June 30, 2014, and the results of operations and cash flows for the three months ended June 30, 2014.) The balance sheet at March 31, 2014 is derived from the Company’s audited financial statements.

ACertain information ~~Development~~and ~~Stage~~footnote disclosures normally included in financial statements that have been prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to the rules and regulations of the Securities and Exchange Commission, although management of the Company) believes that the disclosures contained in these financial statements are adequate to make the information presented therein not misleading. For further information, refer to the financial statements and the notes thereto contained in the Company’s 2014 Annual Report filed with the Securities and Exchange Commission on Form 10-K on November 21, 2014.

~~Statements of Cash Flows~~6

~~(Expressed~~CLONE ALGO ~~in U~~INC.S. ~~dollars)~~AND SUBSIDIARIES

~~(Unaudited)~~NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

For the Nine Months Ended December 31, 2013

For the Nine Months Ended December 31, 2012

From inception (February 22, 2010) to December 31, 2013

Cash flows from operating activities

Net loss

(22,155

)

(19,746

)

(56,476

)

Adjustments to reconcile net loss to net cash used in operating activities:

Common stock issued to founder for services

–

1,000

Changes in operating assets and liabilities:

Increase in accounts payable and accrued liabilities

9,072

1,083

12,655

Increase in due to related parties

13,083

4,163

21,246

Net cash used in operating activities

–

(14,500

)

(21,575

)

Cash flows from financing activities:

Contribution from shareholder

–

14,500

21,575

Net cash provided by financing activities

–

14,500

21,575

Change in cash

–

Cash – Beginning of period

–

Cash – End of period

–

Non-cash investing and financing activities

Waiver of loan by shareholder

–

14,500

20,575

Supplemental Disclosures

Interest paid

–

Income tax paid

–

AS OF JUNE 30, 2014 AND MARCH 31, 2014

~~(The~~NOTE 2 ~~accompanying~~- ~~notes~~SUMMARY ~~are~~OF anSIGNIFICANT ~~integral~~ACCOUNTING ~~part~~POLICIES ~~of these financial statements)~~

~~F-3~~The following summary of significant accounting policies of the Company is presented to assist in the understanding of the Company’s unaudited financial statements. The unaudited consolidated financial statements and notes are the representation of the Company’s management who is responsible for their integrity and objectivity. The unaudited consolidated financial statements of the Company conform to accounting principles generally accepted in the United States of America (“U.S. GAAP”) and the rules and regulations of the Securities and Exchange Commission for interim financial information.

~~CLONE~~Basis of ~~ALGO INC.~~Presentation

~~(FKA:~~The accompanying ~~Corridor~~unaudited ~~Ventures~~consolidated Ifinancial ~~Acquisition~~statements ~~Corp~~have been prepared in conformity with accounting principles generally accepted in the United States of America. All references to Generally Accepted Accounting Principles (“GAAP”) are in accordance with the Financial Accounting Standards Board’s Accounting Standards Codification (“ASC”) and the hierarchy of Generally Accepted Accounting Principles.

(APrinciples of ~~Development Stage Company)~~Consolidation

~~Notes~~The unaudited toconsolidated financial statements of the ~~Financial~~Company ~~Statements~~include the accounts of the Company, its 65% owned subsidiary Clone Algo Pte Ltd., a Singapore entity, and Algo Markets, a Malaysia entity, a 100% owned subsidiary of Clone Algo Pte Ltd. All significant intercompany balances and transactions have been eliminated in the consolidation.

~~(Expressed~~Use of ~~in US dollars)~~Estimates

~~(Unaudited)~~The preparation of unaudited consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the unaudited consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected.

~~1. Nature of Operations and Continuance of Business~~Noncontrolling Interests

~~Clone~~The Company ~~Algo~~accounts ~~Inc.~~for ~~(FKA:~~its ~~Corridor~~less ~~Ventures~~than I100% ~~Acquisition~~interest ~~Corp.)~~in ~~(the~~consolidated subsidiaries in accordance with Financial Accounting Standards Board – Accounting Standards Codification (“~~Company~~ASC”) Topic 810, “Consolidation” for the accounting for noncontrolling interests. The guidance establishes accounting and reporting standards for the noncontrolling interest in a ~~Nevada~~subsidiary ~~“blank~~and ~~check”~~for ~~Company,~~the ~~was~~deconsolidation ~~incorporated~~of ona ~~February~~subsidiary. ~~22,~~It ~~2010~~also clarifies that a noncontrolling interest in a subsidiary is an ownership interest in the consolidated entity that should be reported as equity in the consolidated financial statements as opposed to mezzanine equity. ~~The~~This ~~Company~~guidance ~~intends~~also changes the way the consolidated statement of operations is presented by requiring net income to ~~seek~~be areported ~~vehicle~~at amounts that include the amounts attributable to ~~effect~~both anthe ~~asset~~parent ~~acquisition~~and the noncontrolling interest. It also requires disclosure, ~~merger~~on the face of the consolidated statement of operations, ~~exchange~~of the amounts of ~~capital~~net ~~stock~~income orattributable to ~~other~~the ~~business~~parent ~~combination~~and ~~with~~to the noncontrolling interest. This guidance requires that a ~~domestic~~parent recognize a gain or ~~foreign~~loss ~~business.~~in ~~The~~net ~~Company~~income when ~~currently~~a ~~has~~subsidiary nois ~~operations~~deconsolidated and requires expanded disclosures in the consolidated financial statements that clearly identify and distinguish between the interests of the parent owners and the interests of the noncontrolling owners of a subsidiary. ~~The~~For all ~~Company~~periods isin which a ~~development~~consolidated ~~stage~~balance ~~company~~sheet asis ~~defined~~presented, bythe ~~Financial~~Company ~~Accounting~~reported ~~Standards~~all ~~Board~~amounts ~~(“FASB”)~~due ~~Accounting~~to ~~Standards~~minority ~~Codification~~shareholders to (a new line item, “~~ASC”)~~noncontrolling ~~915~~interests,” ~~Development~~which ~~Stage~~is ~~Entities~~included in stockholders’ equity. ~~The~~Additionally, in the statement of operations, the Company displays, ~~filed~~below ~~for~~net anincome ~~amendment~~on ~~for~~the ~~name~~face ~~change~~of tothe ~~Clone~~statement ~~Algo~~of operations, ~~Inc.~~the onportion ~~8th~~of ~~January,~~consolidated ~~2014~~net income or loss that is attributable to the controlling and noncontrolling interests.

~~Going Concern~~7

~~These~~CLONE ALGO ~~financial statements have been prepared on a going concern basis, which implies that the Company will continue to realize its assets and discharge its liabilities in the normal course of business~~INC. AsAND at December 31, 2013, the Company has a working capital deficit of $33,901 and an accumulated deficit of $56,476. The continuation of the Company as a going concern is dependent upon the continued financial support from its management, and its ability to identify future investment opportunities and obtain the necessary debt or equity financing, and generating profitable operations from the Company’s future operations. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern. These financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.SUBSIDIARIES

2.NOTES TO ~~Summary~~UNAUDITED ofCONSOLIDATED ~~Significant~~FINANCIAL ~~Accounting Policies~~STATEMENTS

a)AS OF ~~Basis~~JUNE of30, ~~Presentation~~2014 AND MARCH 31, 2014

~~The financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States (“US GAAP”)~~ Cash and ~~are~~Cash ~~expressed in U.S. dollars. The Company’s fiscal year end is March 31.~~Equivalents

b)The Company ~~Use~~considers all cash on hand, cash accounts not subject to withdrawal restrictions or penalties, and all highly liquid debt instruments purchased with a maturity of ~~Estimates~~three months or less to be cash and cash equivalents. At June 30, 2014 and March 31, 2014, the Company has $0 and $0 of cash equivalents.

~~The~~Fair value ~~preparation~~ of ~~financial~~Financial ~~statements~~Instruments ~~in conformity with US GAAP requires management to make estimates~~ and ~~assumptions~~Fair ~~that~~Value affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company regularly evaluates estimates and assumptions and the Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected.Measurements

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

These interim financial statements have been prepared on the same basis as the annual financial statements and in the opinion of management, reflect all adjustments, which include only normal recurring adjustments, necessary to present fairly the Company’s financial position, results of operations and cash flows for the periods shown. The results of operations for such periods are not necessarily indicative of the results expected for a full year or for any future period.

F-4

CLONE ALGO INC.

(FKA: Corridor Ventures I Acquisition Corp.)

(A Development Stage Company)

Notes to the Financial Statements

(Expressed in US dollars)

(Unaudited)

2. Summary of Significant Accounting Policies (continued)

d) Cash and Cash Equivalents

The Company considers all highly liquid instruments with original maturities of three months or less at the time of issuance to be cash equivalents. As of December 31 and March 31, 2013, the Company had no cash equivalents.

e) Net Earnings (Loss) per Share

The Company computes net loss per share in accordance with ASC Topic 260, Earnings per Share. ASC 260 requires presentation of both basic and diluted earnings per share (“EPS”) on the face of the income statement. Basic EPS is computed by dividing net loss available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period using the treasury stock method and convertible preferred stock using the if-converted method. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all dilutive potential shares if their effect is anti dilutive. As at December 31 and March 31, 2013, there were no potentially dilutive securities, hence the accompanying financial statements present only basic loss per share.

f) Financial Instruments

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

Level 1

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

Level 2

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

Level 3

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

The Company’s financial instruments consist principally of ~~accounts~~cash ~~payable~~ and ~~accrued~~cash ~~liabilities~~equivalents, amounts receivable, accounts payable, notes payable, and amounts due to related parties. Pursuant to ASC 820, Fair Value Measurements and Disclosures and ASC 825, Financial Instruments, the fair value of our cash equivalents is determined based on “Level 1” inputs, which consist of quoted prices in active markets for identical assets. The Company believes that the recorded values of all of the other financial instruments approximate their current fair values because of their nature and respective maturity dates or durations. The Company does not hold any investments that are available-for-sale.

~~We believe that the recorded values of all of our other financial instruments approximate their current fair values because of their nature and respective maturity dates or durations.~~Intangible Assets

FIntangible assets arising from an acquisition are periodically assessed for impairment. Accordingly, the Company reviews the carrying value of intangible assets quarterly to determine whether impairment, as measured by fair market value, may exist. Specifically, intangible assets impairment is determined using a two-5step process. The first step of the intangible asset impairment test is used to identify potential impairment by comparing the fair value of a reporting unit with its carrying amount. If the fair value of a reporting unit exceeds its carrying amount, then the intangible assets of the reporting unit are not considered to be impaired and the second step of the impairment test is unnecessary. If the carrying amount of a reporting unit exceeds its fair value, the second step of the impairment test is performed to measure the amount of impairment loss, if any.

~~CLONE ALGO INC.~~8

~~(FKA:~~CLONE ALGO ~~Corridor~~INC. ~~Ventures~~AND ~~I Acquisition Corp.)~~SUBSIDIARIES

(ANOTES TO ~~Development~~UNAUDITED ~~Stage~~CONSOLIDATED ~~Company)~~FINANCIAL STATEMENTS

~~Notes~~AS OF toJUNE ~~the~~30, ~~Financial~~2014 ~~Statements~~AND MARCH 31, 2014

~~(Expressed~~The second step of the impairment test compares the implied fair value of the reporting unit's intangible assets with their carrying amount. If the carrying amount of the reporting unit's intangible assets exceeds their implied fair value, then an impairment loss is recognized in USan ~~dollars)~~amount equal to that excess. Patents, intellectual property and trademarks are capitalized at their historical cost and are amortized over their estimated useful lives of ten years.

~~(Unaudited)~~Variable Interest Entity

2.The Company ~~Summary~~follows the guidelines in FASB Codification of ~~Significant~~ASC ~~Accounting~~810 ~~Policies~~“Consolidation” which indicates "a legal entity that is deemed to be a business need not be evaluated by a reporting entity to determine if the legal entity is a Variable Interest Entity (~~continued~~“VIE")” unless any one of four conditions exist:

g)● ~~Recent~~The ~~Accounting~~reporting ~~Pronouncements~~entity, its related parties, or both participated significantly in the design or redesign of the legal entity;

● The ~~Company~~legal ~~has~~entity ~~implemented~~is ~~all~~designed ~~new~~so ~~accounting pronouncements~~ that ~~are~~substantially inall ~~effect.~~of ~~These~~its ~~pronouncements~~activities ~~did~~involve ~~not~~or ~~have~~are ~~any~~conducted ~~material impact~~ on ~~the~~behalf ~~financial~~of ~~statements unless otherwise disclosed, and~~ the ~~Company~~reporting ~~does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.~~entity;

3.● ~~Related~~The ~~Party~~reporting ~~Transactions~~entity and its related parties provide more than half of the total of the equity, subordinated debt, and other forms of subordinated;

As● atThe ~~December~~activities ~~31,~~of ~~2013,~~ the ~~Company~~legal ~~owes~~entity ~~$21,246~~are ~~(March~~primarily ~~31,~~related ~~2013 - $8,163)~~ to ~~a related party of~~ the ~~Company.~~securitizations ~~The~~or ~~amounts~~other ~~owing~~forms ~~are~~of ~~unsecured, non~~asset-~~interest~~backed ~~bearing,~~financings ~~and~~or ~~due on demand.~~single

4A VIE is an entity that either (a) has insufficient equity to permit the entity to finance its activities without additional subordinated financial support or (b) has equity investors who lack the characteristics of a controlling financial interest. ~~Subsequent~~A ~~Events~~VIE is consolidated by its primary beneficiary. The primary beneficiary has both the power to direct the activities that most significantly impact the entity’s economic performance and the obligation to absorb losses or the right to receive benefits from the entity that could potentially be significant to the VIE. If we determine that we have operating power and the obligation to absorb losses or receive benefits, we consolidate the VIE as the primary beneficiary, and if not, we do not consolidate. The Company has not identified any VIEs as of June 30, 2014.

~~We have evaluated subsequent events through the date of issuance of the financial statements, and did not have any material recognizable subsequent events to disclose.~~Revenue Recognition

~~F-6~~The Company recognizes revenues when persuasive evidence of an arrangement exists; delivery has occurred; price is fixed or determinable; and collectability of the related receivable is reasonably assured. The Company closely follows the provisions of ASC 605 “Revenue Recognition”, which includes the guidelines of Staff Accounting Bulletin No. 104.

~~Item~~The Company's 2.main ~~Management’s~~source ~~Discussion~~of ~~and~~revenue ~~Analysis~~is offrom ~~Financial~~the ~~Condition~~licensing fees that brokers, distributors, hedge funds, and ~~Results~~banks pay for licensing our Clone Algo Applications based on the type of ~~Operations~~trading in which their customers (our users) are engaged in. Each user has multiple accounts running different algorithms for different asset classes.

~~Overview~~Earnings (Loss) Per Common Share

~~Clone~~The Company ~~Algo~~computes ~~Inc.,~~net ~~f/k/a~~earnings ~~Corridor~~(loss) ~~Ventures~~per Ishare ~~Acquisition~~in ~~Corp.~~accordance (with ASC 260, “WeEarnings per Share”. orASC ~~the~~260 requires presentation of both basic and diluted net earnings per share (“~~Company~~EPS”), ~~was~~on ~~organized~~the asface aof ~~vehicle~~the toincome ~~investigate~~statement. ~~and,~~Basic ifEPS is ~~such~~computed ~~investigation~~by ~~warrants,~~dividing ~~acquire~~earnings a(loss) ~~target~~available ~~company~~to orcommon ~~business~~shareholders ~~seeking~~(numerator) by the ~~perceived~~weighted ~~advantages~~average number of ~~being~~shares outstanding a(denominator) ~~publicly~~during ~~held~~the ~~corporation~~period. ~~Our~~Diluted ~~principal~~EPS ~~business~~gives ~~objective~~effect ~~for~~to ~~the~~all ~~next~~dilutive 12potential ~~months~~common ~~and~~shares ~~beyond~~outstanding ~~such~~during the ~~time~~period ~~will~~using bethe totreasury ~~achieve~~stock ~~long-term~~method ~~growth~~and ~~potential~~convertible ~~through~~preferred astock ~~combination~~using ~~with~~the aif-converted ~~business~~method. ~~rather~~In ~~than~~computing ~~immediate~~diluted EPS, ~~short-term~~the ~~earnings.~~average Westock ~~will~~price ~~not~~for ~~restrict~~the ~~our~~period ~~potential~~is ~~candidate~~used ~~target~~in ~~companies~~determining the number of shares assumed to ~~any~~be ~~specific~~purchased ~~business,~~from ~~industry~~the exercise of stock options or ~~geographical~~warrants. ~~location~~Diluted ~~and,~~EPS ~~thus,~~excludes ~~may~~all ~~acquire~~dilutive ~~any~~potential ~~type~~shares ofif ~~business~~their effect is anti-dilutive.

~~The~~As of ~~Company~~June is30, a2014 ~~“blank~~and ~~check”~~March ~~company. The SEC defines those companies as “any development stage company that is issuing a penny stock~~31, ~~within the meaning of Section 3 (a)(51) of the Exchange Act~~2014, ~~and~~there ~~that~~were ~~has no specific business plan or purpose~~1,500,000,000 orpotentially ~~has~~dilutive ~~indicated~~common ~~that~~shares ~~its~~outstanding ~~business~~during ~~plan~~the isperiod all toof ~~merge~~which ~~with~~pertain ~~an unidentified company or companies.” Pursuant~~ to ~~Rule 12b-2 under~~ the ~~Exchange Act~~150, ~~the Company also qualifies as a “shell company~~000,”000 ~~because~~series itA ~~has~~preferred noshares oroutstanding ~~nominal~~which ~~assets~~are ~~(other than cash) and no or nominal operations. Many states have enacted statutes~~convertible, ~~rules~~at ~~and regulations limiting~~ the ~~sale~~holder’s ~~of securities of “blank check” companies in their respective jurisdictions. Management does not intend to undertake any efforts to cause a market to develop in our securities~~option, into ~~either~~ten ~~debt~~(10) orshares ~~equity, until we have successfully concluded a business combination. The Company intends to comply with the periodic reporting requirements~~ of the ~~Exchange~~Company’s ~~Act~~common ~~for so long as it is subject to those requirements~~stock.

The Company was organized as a vehicle to investigate and, if such investigation warrants, acquire a target company or business seeking the perceived advantages of being a publicly held corporation. The Company’s principal business objective for the next 12 months and beyond such time will be to achieve long-term growth potential through a combination with a business rather than immediate, short-term earnings. The Company will not restrict its potential candidate target companies to any specific business, industry or geographical location and, thus, may acquire any type of business.9

~~The~~CLONE ALGO ~~analysis of new business opportunities will be undertaken by or under the supervision of Niraj Goel, our sole officer and director~~INC. AsAND of this date, the Company has not entered into any definitive agreement with any party, nor have there been any specific discussions with any potential business combination candidate regarding business opportunities for the Company. The Company has unrestricted flexibility in seeking, analyzing and participating in potential business opportunities. In its efforts to analyze potential acquisition targets, the Company will consider the following factors:SUBSIDIARIES

●NOTES TO ~~Potential~~UNAUDITED ~~for~~CONSOLIDATED ~~growth,~~FINANCIAL indicated by new technology, anticipated market expansion or new products; ● Competitive position as compared to other firms of similar size and experience within the industry segment as well as within the industry as a whole;STATEMENTS

●AS OF ~~Strength~~JUNE ~~and diversity of management~~30, ~~either~~2014 inAND ~~place~~MARCH ~~or scheduled for recruitment; ● Capital requirements and anticipated availability of required funds~~31, ~~to be provided by the Company or from operations, through the sale of additional securities, through joint ventures or similar arrangements or from other sources;~~2014

~~● The cost of participation by the Company as compared to the perceived tangible and intangible values and potentials; ● The extent to which the business opportunity can be advanced;~~Income Taxes

●The Company accounts for income taxes using the asset and liability method in accordance with ASC 740, “Income Taxes”. The ~~accessibility~~asset and liability method provides that deferred tax assets and liabilities are recognized for the expected future tax consequences of ~~required~~temporary ~~management~~differences ~~expertise~~between the financial reporting and tax basis of assets and liabilities, ~~personnel~~and for operating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using the currently enacted tax rates and laws. The Company records a valuation allowance to reduce deferred tax assets to the amount that is believed more likely than not to be realized. The Company follows the provisions of ASC 740-10, ~~raw~~“Accounting ~~materials~~for Uncertain Income Tax Positions.” When tax returns are filed, ~~services~~it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while ~~professional~~others ~~assistance~~are ~~and~~subject to uncertainty about the merits of the position taken or the amount of the position that would be ultimately sustained. In accordance with the guidance of ASC 740-10, the benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other ~~required~~positions. ~~items;~~Tax positions that meet the more-likely-than-not recognition threshold are measured as the largest amount of tax benefit that is more than 50 percent likely of being realized upon settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above should be reflected as a liability for unrecognized tax benefits in the accompanying consolidated balance sheets along with any associated interest and ●penalties ~~Other~~that ~~relevant~~would ~~factors~~be payable to the taxing authorities upon examination.

2Business Segments

InThe Company ~~applying~~operates ~~the~~in ~~foregoing criteria, no~~ one ofsegment ~~which will be controlling, management will attempt to analyze all factors~~ and ~~circumstances and make a determination based upon reasonable investigative measures and available data. Potentially available business opportunities may occur in many different industries~~therefore, ~~and~~segment atinformation ~~various~~is stages of development, all of which will make the task of comparative investigation and analysis of such business opportunities extremely difficult and complex. Due to the Company’s limited capital available for investigation, the Company may not ~~discover or adequately evaluate adverse facts about the opportunity to be acquired~~presented.

Recent Accounting ~~Developments~~Pronouncements

~~Officer/Director~~In August ~~Resignation~~2014, the FASB issued ASU 2014-15, Presentation of Financial Statements - Going Concern. The new standard required management of public and ~~Appointment~~private companies to evaluate whether there is substantial doubt about the entity's ability to continue as a going concern and, if so, disclose that fact. Management will also be required to evaluate and disclose whether its plans alleviate that doubt. The new standard is effective for annual periods ending after December 15, 2016, and interim periods within annual periods beginning after December 15, 2016. Early adoption is permitted. The Company does not expect the adoption of the ASU to have a significant impact on our consolidated financial statements.

~~One January 8, 2014, Yana Slatina submitted to the~~ The Company ahas ~~resignation~~implemented ~~letter~~all ~~pursuant~~new toaccounting ~~which~~pronouncements ~~she~~that ~~resigned~~are ~~from~~in ~~her~~effect ~~position~~and asthat ~~director~~may ofimpact ~~the~~its ~~Company.~~unaudited Inconsolidated ~~addition,~~financial statements ~~Ms. Slatina resigned from her position as President, Chief Executive Officer,~~ and ~~Chief~~does ~~Financial~~not ~~Officer~~believe ofthat ~~the~~there ~~Company.~~are ~~Ms.~~any ~~Slatina~~other ~~has~~new ~~agreed~~accounting topronouncements ~~act~~that ashave ~~the~~been ~~Company’s~~issued ~~Secretary~~that ~~until~~might ~~her~~have ~~successor~~a material isimpact ~~appointed. The~~on ~~resignation~~its offinancial ~~Ms.~~position ~~Slatina~~or ~~was~~results ~~not a result~~ of ~~any disagreements relating to the Company’s~~ operations~~, policies or practices~~.

OnNOTE 3 ~~the~~– ~~same~~ACCOUNTS day, by a consent to action without meeting by unanimous consent of the board of directors of the Company (the “Board”), the Board accepted the resignation of Ms. Slatina and appointed Niraj Goel to serve as the President, Chief Executive Officer, Chief Financial Officer and sole director of the Company.RECEIVABLE

~~Name~~Accounts receivable ~~Change~~consist of:

On January 8, 2014, the Company filed a Certificate of Amendment to the Company’ s Articles of Incorporation to change the Company’s name from “Corridor Ventures I Acquisition Corp.” to “Clone Algo Inc.”

	Amount
Balance - March 31, 2014	$	1,504,060
Invoices billed		8,034,366
		9,538,426
Collections received		(1,504,060	)
Ending balance - June 30, 2014 (Unaudited)	$	8,034,366

~~Plan of Operation~~10

WeCLONE ALGO ~~were organized as a vehicle to investigate and, if such investigation warrants, acquire a target company or business seeking the perceived advantages of being a publicly held corporation~~INC. ~~Our~~AND principal business objective for the next 12 months and beyond such time will be to achieve long-term growth potential through a combination with a business rather than immediate, short-term earnings. We will not restrict our potential candidate target companies to any specific business, industry or geographical location and, thus, may acquire any type of business.SUBSIDIARIES

WeNOTES TO doUNAUDITED ~~not~~CONSOLIDATED ~~currently~~FINANCIAL engage in any business activities that provide cash flow. The costs of investigating and analyzing business combinations for the next 12 months and beyond such time will be paid with money in our treasury or with additional amounts, as necessary, to be loaned to or invested in us by our stockholders, management or other investors.STATEMENTS

~~During~~AS OF ~~the~~JUNE ~~next 12 months~~30, we2014 ~~anticipate~~AND ~~incurring~~MARCH ~~costs~~31, ~~related to filing of Exchange Act reports and consummating an acquisition.~~2014

WeAccounts receivable ~~believe~~are wecomprised of uncollateralized customer obligations due under normal trade terms requiring payment within 60 days from the invoice date. The carrying amount of accounts receivable is reviewed periodically for collectability. If management determines that collection is unlikely, an allowance is recorded that reflects management’s best estimate of the amounts that will not be ~~able~~collected. toManagement ~~meet~~reviews ~~these~~each ~~costs~~accounts ~~through~~receivable ~~use~~balance ofthat ~~funds~~exceeds in60 ~~our~~days ~~treasury~~from the invoice date and, based ~~additional~~on ~~amounts~~an assessment of creditworthiness, asestimates ~~necessary~~the portion, toif beany, ~~loaned~~of bythe orbalance ~~invested~~that inwill usnot bybe ~~our~~collected. As of ~~stockholders~~June 30, ~~management~~2014 orand ~~other~~March ~~investors~~31, 2014, the Company did not record a reserve for doubtful accounts.

WeNOTE 4 ~~are~~– inRELATED ~~the~~PARTY development stage and have negative working capital, negative stockholders’ equity and have not earned any revenues from operations to date. These conditions raise substantial doubt about our ability to continue as a going concern. We are currently devoting our efforts to locating merger candidates. Our ability to continue as a going concern is dependent upon our ability to develop additional sources of capital, locate and complete a merger with another company, and ultimately, achieve profitable operations.TRANSACTIONS

WeThe Company ~~may consider a business which~~ has ~~recently~~advanced ~~commenced operations~~$139,388 ~~is a developing company in need of additional funds for expansion into new products or markets, is seeking~~ to ~~develop a new product or service, or is~~ an ~~established~~entity ~~business~~as ~~which may be experiencing financial or operating difficulties and is in need~~ of ~~additional~~June ~~capital. In the alternative~~30, ~~a business combination may involve the acquisition of~~2014, orthat ~~merger~~is ~~with,~~majority aowned ~~company~~by ~~which~~Niraj ~~does not need substantial additional capital~~Goel, ~~but~~our ~~which~~majority ~~desires to establish a public trading market for its shares, while avoiding, among other things, the time delays, significant expense, and loss of voting control which may occur in a public offering~~shareholder.

3The Company’s former Chief Executive Officer, a related party, has advanced funds to the Company from time to time in order to support the working capital requirements of the Company. As of June 30, 2014 and March 31, 2014, $28,113 and $34,957 remained due to the related party as repayment for advances. All funds advanced by the former Chief Executive Officer are unsecured, bear no interest, and are due upon demand.

~~Our~~On March ~~officers~~10, ~~and~~2014, ~~directors~~Algo ~~have~~Markets ~~not~~entered ~~had~~into ~~any~~an ~~preliminary~~intellectual ~~contact~~property orpurchase ~~discussions~~agreement ~~with~~between ~~any~~Algo ~~representative~~Markets ofand ~~any~~Dragon ~~other~~Malaysia Limited, ~~entity~~a ~~regarding~~wholly-owned asubsidiary ~~business~~of Dragon ~~combination~~Holdings ~~with~~AG, ~~us.~~of ~~Any~~which ~~target~~Mr. ~~business~~Niraj ~~that~~Goel is ~~selected may be~~ a ~~financially~~non-executive ~~unstable~~Chairman ~~company~~and ora ~~an entity in its early stages of development or growth~~majority shareholder, ~~including~~for ~~entities~~purchase ~~without established records~~ of ~~sales~~intellectual orproperty ~~earnings.~~for ~~In that event~~$128,000,000. weThe ~~will~~Company beis ~~subject~~indebted to ~~numerous~~Dragon ~~risks~~Malaysia ~~inherent~~Limited inpursuant to ~~the~~a ~~business~~promissory ~~and~~note ~~operations~~$120,000,000 of(See ~~financially~~Note ~~unstable~~8) and ~~early stage or potential emerging growth companies. In addition~~$106,500,000 weremains ~~may~~unpaid ~~effect~~balance aof ~~business~~the ~~combination~~acquisition ~~with~~cost ~~an entity in an industry characterized by a high level~~ of ~~risk, and, although our management will endeavor to evaluate~~ the ~~risks~~intellectual property ~~inherent~~as inof aJune ~~particular target business~~30, ~~there~~2014 ~~can~~(See beNote ~~no assurance that we will properly ascertain or assess all significant risks~~6).

~~Our~~The Company ~~management~~currently ~~anticipates~~utilizes ~~that~~Dragon itMalaysia’s ~~will~~risk ~~likely~~management besoftware, ~~able~~data tocenter ~~effect only one business combination~~usage, ~~due~~technical ~~primarily~~personnel ~~to our limited financing~~ and ~~the~~licenses pursuant ~~dilution~~to ofan ~~interest~~agreement ~~for~~dated ~~present~~March ~~and~~22, ~~prospective stockholders~~2014, ~~which~~and isagreed ~~likely~~ to ~~occur~~pay as a ~~result~~fixed ofminimum ~~our~~monthly ~~management’s~~infrastructure ~~plan~~fee toof ~~offer~~$1,200,000. aThe Company ~~controlling~~recorded ~~interest~~an toexpense aof ~~target~~$3,600,000 ~~business~~for inthe ~~order~~three tomonths ~~achieve~~ended aJune ~~tax-free~~30, ~~reorganization.~~2014 ~~This~~for ~~lack~~such ofinfrastructure ~~diversification~~fees. ~~should~~The beCompany ~~considered~~is indebted ato ~~substantial~~Dragon ~~risk~~Malaysia in$3,977,028 ~~investing~~and ~~in us~~$377,028 ~~because~~as itof ~~will~~June ~~not~~30, ~~permit~~2014 usand toMarch ~~offset~~31, ~~potential~~2014, ~~losses from one venture against gains from another~~respectively.

WeThe Company’s ~~anticipate~~65% ~~that~~owned ~~the~~subsidiary ~~selection~~Clone ofAlgo aPte ~~business combination will be complex and extremely risky~~Ltd. ~~Because~~has ofonly ~~general~~one ~~economic~~Board conditions, rapid technological advances being made in some industries and shortages of available capital, our management believes that there are numerous firms seeking even the limited additional capital which we will have andMember/~~or the perceived benefits of becoming a publicly traded corporation. Such perceived benefits of becoming a publicly traded corporation include~~Director, ~~among~~Niraj ~~other things~~Goel, ~~facilitating~~who oris ~~improving~~also the ~~terms~~majority shareholder ~~on which additional equity financing may be obtained, providing liquidity for the principals of and investors~~ in aClone ~~business~~Algo, creating a means for providing incentive stock options or similar benefits to key employees, and offering greater flexibility in structuring acquisitions, joint ventures and the like through the issuance of stockInc. ~~Potentially~~The ~~available~~remaining ~~business~~35% ~~combinations may occur in many different industries and at various stages~~ of ~~development,~~Clone ~~all~~Algo ofPte ~~which~~Ltd. ~~will~~is ~~make~~owned ~~the~~by ~~task~~Niraj ~~of comparative investigation and analysis of such business opportunities extremely difficult and complex~~Goel.

~~Results~~For the three months ended June 30, 2014, the Company rendered technology services to an entity controlled by the former Chief Executive Officer through a 17% indirect ownership. The Company recorded $2,025,000 in revenues from this entity which approximated 19% of ~~Operation~~the total revenues for the three months ended June 30, 2014. The Company did not receive any payment from this entity and $2,025,000 has been recorded as revenue from related party and accounts receivable - related party in the accompanying financial statements for the three months ended as of June 30, 2014.

We have not had any operating income from inception (February 22, 2010) to December 31, 2013. For the three months ended December 31, 2013, we recognized a net loss of $8,003, as compared to $4,359 for the three months ended December 31, 2012. Expenses for the three months ended December 31, 2013 and 2012 were comprised of costs mainly associated with legal, accounting and office expense.11

CLONE ALGO INC. AND SUBSIDIARIES

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

AS OF JUNE 30, 2014 AND MARCH 31, 2014

NOTE 5 – NOTE PAYABLE – RELATED PARTY

Note payable to related party consists of:

	June 30, 2014			March 31, 2014
	(Unaudited)
Note payable – related party, principal balance of $120,000,000, payable in sixty (60) monthly installments of $2,000,000 each, starting May 30, 2014 (Note 1)	$	106,500,000		$	120,000,000
Less: debt discount		(24,297,635	)		(25,591,098	)
Note payable – related party, net of discount		82,202,365			94,408,902
Less: current portion		(16,500,000	)		(13,942,652	)
Note payable – related party, long term	$	65,702,365		$	80,466,250

On March 10, 2014, Algo Markets entered into an IP Purchase Agreement with a related party, pursuant to which the IP Seller sold the intellectual property to Algo Markets for $128,000,000, payable $8,000,000 in cash at the closing, and $120,000,000 in (60) equal monthly installments starting in May 2014. The Company paid $4,740,000 cash at the closing and recorded the remaining balance of $3,260,000 as other current liability at March 31, 2014.

Pursuant to the terms of Note 1, the payments to related party are subject to Earn out period of 10 years beginning April 1, 2014 to March 21, 2023. Earn out will be settled on a yearly basis. Earn out means an amount in cash equal to the amount determined pursuant to one, but only one, of the following clauses:

a) If in any 12 months period April 1 to March 31, earnings before interest, taxes, depreciation and amortization (“EBITDA”) is equal to or the Earn out Period is equal to or less than $10,000,000, Zero Dollars;

b) If in any 12 months period April 1 to March 31, EBITDA is equal to or the Earn out Period is greater than $10,000,000 but less than $40,000,000, an amount equal to $25,000,000 plus the product of (X) 2.5 and (Y) the amount by which EBITDA exceeds $10,000,000;

c) If in any 12 months period April 1 to March 31, EBITDA is equal to or the Earn out Period is equal to or greater than $40,000,001, an amount equal to $50,000,000 plus the product of (X) 2.5 and (Y) the amount by which EBITDA exceeds $40,000,001;

In connection with the issuance of the Note 1, the Company has recorded an imputed interest on the note payable at the annual interest rate of 10% over the term of the Note. As a result, the Company recorded a debt discount in the amount of $25,869,262 on Note 1 which is being amortized to interest expense over the life of the Note 1 (sixty months). The Company has recorded interest expense of $1,293,463 and $0 related to the amortization of debt discount related to Note 1 for the three months ended June 30, 2014 and 2013, respectively.

For the three months ended June 30, 2014, the Company paid $16,760,000 towards the note payable to related party (Note 1).

CLONE ALGO INC. AND SUBSIDIARIES

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

AS OF JUNE 30, 2014 AND MARCH 31, 2014

Commitments (excluding the clause of Earn out) as of March 31:	Amount
2015	$	16,500,000
2016 to 2019		90,000,000
Total	$	106,500,000

NOTE 6 – NOTE PAYABLE

Note payable consists of:

	June 30, 2014			March 31, 2014
	(Unaudited)
Note payable, principal balance of $21,500,000, to a third party, payable in 10 equal quarterly payments of $2,150,000, starting April 30, 2014 (Note 2)	$	19,625,000		$	21,500,000
Less: debt discount		(2,371,482	)		(2,639,788	)
Note payable, net of discount		17,253,518			18,860,212
Less: current portion		(8,875,000	)		(9,165,128	)
Note payable, long term	$	8,378,518		$	9,695,084

On March 10, 2014, Algo Markets entered into an asset purchase agreement with a third party, pursuant to which the seller sold 12 algorithms related to online financial markets trading for $24,000,000. Algo Markets agreed to pay $2,500,000 to the seller at closing and the remaining balance of $21,500,000 is payable in ten (10) equal quarterly installments of $2,150,000 each, starting April 30, 2014. For the three months ended June 30, 2014, the Company paid $4,375,000 to the third party, of which $2,500,000 was due to the third party at the closing in March 2014 and was recorded as other current liability as of March 31, 2014, and $1,875,000 was paid towards the note payable.

In connection with the issuance of the Note 2, the Company has recorded an imputed interest on the note payable at the annual interest rate of 10% over the term of the Note 2. As a result, the Company recorded a debt discount in the amount of $2,683,063 on Note 2 which is being amortized to interest expense over the life of the Note 2. The Company has recorded interest expense of $268,306 and $0 related to the amortization of debt discount related to the Note 2 for the three months ended June 30, 2014 and 2013, respectively.

Commitments as of March 31,:	Amount
2015	$	8,875,000
2016 to 2017		10,750,000
Total	$	19,625,000

NOTE 7 - STOCKHOLDERS’ EQUITY

The Company’s capitalization at June 30, 2014 was 200,000,000 authorized shares of preferred stock, and 750,000,000 authorized shares of common stock, both with a par value of $0.001 per share.

CLONE ALGO INC. AND SUBSIDIARIES

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

AS OF JUNE 30, 2014 AND MARCH 31, 2014

Preferred Stock

The Company has 150,000,000 shares of Series A Preferred Stock issued and outstanding as of June 30, 2014, issued to Niraj Goel, the Company’s non-executive director. Each share of Series A Preferred Stock is convertible, at the holder’s option, into ten (10) shares of the Company’s common stock, and each share of Series A Preferred Stock entitles the holder to fifty (50) votes for every one vote a holder of one share of the Company’s common stock. Upon any liquidation, dissolution or winding-up of the Corporation, whether voluntary or involuntary for each share of Series A Preferred Stock, the Holders shall not be entitled to receive any amount out of the assets, whether capital or surplus, of the Corporation.

Common Stock

Between April 1, 2014 and June 30, 2014, the Company received cash of $15,944,546 from foreign investors under private placement subscription agreements for the purchase of its $0.001 par value common stock at a purchase price of $8.00 per share. The offering was part of a larger funding effort which continued through May of 2014, at which time the Company received subscriptions for a total of $40,000,000 through the sale of 5,000,000 shares of its $0.001 par value common stock at a purchase price of $8.00 per share. The Company has issued 2,646,696 shares of common stock during the three months ended June 30, 2014. The Company had received cash of $6,984,364 as of March 31, 2014 for stock subscriptions and did not issue any shares as of March 31, 2014. Common shares for receipt of cash for stock subscriptions of $1,755,342 remain unissued as of June 30, 2014 and the value of consideration received are recorded as stock payable at June 30, 2014.

On April 9, 2014 and April 14, 2014, the Company received $695,000 and $1,600,000, respectively, from Niraj Goel for the purchase of 2,295,000 shares of Clone Algo Pte Ltd. These shares were issued and outstanding as of March 31, 2014.

On May 19, 2014, our 65% owned subsidiary, Clone Algo Pte Ltd., issued an additional 2,000,000 shares of its common stock to Niraj Goel for $2,000,000 cash. In the three months ended June 30, 2014, Clone Algo Pte Ltd. issued an additional 3,714,286 shares of its common stock to our parent company, Clone Algo, Inc. for $3,714,286 cash.

The sale and the issuance of the Shares were offered and sold in reliance upon exemptions from registration pursuant to Section 4(2) of the Securities Act of 1933, as amended (the “Securities Act”), Rule 506 of Regulation D promulgated under the Securities Act (“Regulation D”) and/or Regulation S promulgated under the Securities Act (“Regulation S”). We made this determination based on the representations of each Purchaser which included, in pertinent part, that each such Purchaser was (a) an “accredited investor” within the meaning of Rule 501 of Regulation D, (b) a “qualified institutional buyer” within the meaning of Rule 144A under the Securities Act or (c) not a “U.S. person” as that term is defined in Rule 902(k) of Regulation S and upon such further representations from each Purchaser that (i) such Purchaser is acquiring the securities for his, her or its own account for investment and not for the account of any other person and not with a view to or for distribution, assignment or resale in connection with any distribution within the meaning of the Securities Act, (ii) the Purchaser agrees not to sell or otherwise transfer the purchased shares unless they are registered under the Securities Act and any applicable state securities laws, or an exemption or exemptions from such registration are available, (iii) the Purchaser has knowledge and experience in financial and business matters such that he, she or it is capable of evaluating the merits and risks of an investment in us, (iv) the Purchaser had access to all of our documents, records, and books pertaining to the investment and was provided the opportunity to ask questions and receive answers regarding the terms and conditions of the offering and to obtain any additional information which we possessed or were able to acquire without unreasonable effort and expense, and (v) the Purchaser has no need for the liquidity in its investment in us and could afford the complete loss of such investment. In addition, there was no general solicitation or advertising for securities issued in reliance upon Regulation D.

CLONE ALGO INC. AND SUBSIDIARIES

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

AS OF JUNE 30, 2014 AND MARCH 31, 2014

As a result of such stock issuances, the Company has 697,646,696 shares of common stock issued and outstanding as of June 30, 2014.

Equity Compensation Plan

The Company has adopted the 2014 Officers’ Stock Plan on March 17, 2014, but has not granted any stock options at this time.

NOTE 8 – CONCENTRATIONS

During the three months ended June 30, 2014, six customers accounted for approximately 94% of the total accounts receivable and total revenues earned by the Company. The Company did not earn any revenues for the three months ended June 30, 2013.

As of June 30, 2014, the Company has $5,614,939 of cash in excess of FDIC insurance.

NOTE 9 – SUBSEQUENT EVENTS

Management has evaluated subsequent events pursuant to the requirements of ASC Topic 855 – Subsequent Events and has determined that no other material subsequent events exists other than listed below:

On December 19, 2014, Algo Markets Limited and Dragon Malaysia entered into an agreement to settle $80 million of Dragon Malaysia’s debt by issuance of 10,000,000 shares of the Company’s common stock valued at $8 per share. The common stock was not issued as of the date of this filing.

The Company received an additional $3,967,728 of cash for stock subscriptions as of January 12, 2015.

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

The following discussion and analysis of our financial condition and results of operations should be read together with our consolidated financial statements and related notes included under Part I, Item 1 of this Quarterly Report on Form 10-Q. This discussion contains forward-looking statements about our business and operations. Our actual results may differ materially from those we currently anticipate.

Plan of Operations

On January 8, 2014, Niraj Goel, an investor, acquired 99% ownership interest in the Company by purchasing from the former shareholders, 193,000,000 shares of common stock for $193,000 cash. This resulted in change of control and the executive officers and directors of the Company resigned from their positions. Niraj Goel became the Company’s new President, Chief Executive Officer, Chief Financial Officer, and a sole Director. Additionally, on that same date, the Company changed its name to Clone Algo, Inc. On May 21, 2014, Niraj Goel resigned from his position as President, Chief Executive Officer, and Chief Financial Officer of the Company.

Clone Algo began its substantive operations in March 2014 by acquiring intellectual property and algorithms, and developing algorithms, mobile apps (as well as desktop software) in four different areas – financial markets trading, insurance, hotel booking, and retail banking. We have released the Clone Algo App Suite of products which had approximately 5,600 users as of January 12, 2015.

Our marketing strategy is based on licensing the use of our products business-to-business through distributors, brokers, asset managers, and banks. We are in the process of expanding our geographical reach by opening newer offices in various time zones and hiring additional marketing staff.

We are a technology company specializing in developing algorithms based on artificial intelligence and operate social investment networks. The Company ushers the social trading revolution and helps the users create passive income by cloning algorithms which automatically trade forex, shares, gold and computational fluid dynamics (CFDs) to the account holder’s brokerage account. Our development efforts have been focused primarily on the development and marketing of our algorithms. In addition, to date we have limited operating history for investors to evaluate the potential of our business development. We have commenced limited operations and our proposed business plan is not yet fully operational. We are finalizing our business plan and have obtained our twelve customers in a span of four and one-half months.

Results of Operations

Comparison of the three months ended June 30, 2014 and 2013

Revenues

For the three months ended June 30, 2014, revenues increased to $10,567,906 compared to $0 for the same comparable period in 2013. Revenues are generated by the Company charging licensing and technology fees to brokers, distributors, banks and hedge funds and related parties, (collectively referred to as “Customers”), which the Company has acquired the rights to sell pursuant to the Dragon Tradebook Risk Management & Trade Infrastructure Non Exclusive Software Distribution Agreement (the “Agreement”) with Dragon Malaysia Limited (“Dragon Malaysia”) and the Asset Purchase Agreement with Zentrum Limited. The Company charged licensing and technology fees to related parties and recorded revenues of $2,025,000 for the three months ended June 30, 2014.

The licenses provide the software platform which allows Customers to use our back-end intellectual property and software to facilitate trades. The Company executed Service and Distribution Agreements with twelve (12) Customers (brokers, distributors, hedge fund managers, etc. one (1) of which was a related party) for a period from April 1, 2014 to June 30, 2014, whereby the Company charged fixed licensing/technology fees. The services offered and license fees charged to its Customers are based upon the account size of funds and trade volumes, i.e. less than $100,000 or greater than $100,000. The Company recognizes revenues over the licensing service period included in the Service and Distribution Agreement with its Customers.

Cost of Revenue and Gross Margins

Cost of revenue consists entirely of infrastructure fees paid to Dragon Malaysia pursuant to a TradeBook Risk Management & Trade Infrastructure Non Exclusive Software Distribution Agreement, executed on March 22, 2014. The infrastructure fees recorded for the three months ended June 30, 2014 were $3,600,000 as compared to $0 for the same comparable period in 2013. The infrastructure fees comprised of Dragon Malaysia’s server platform consisting of computer hardware, software, computer infrastructure and networking between the Company and its customers, all system administration and housekeeping, system monitoring and associated support. The Company currently utilizes Dragon’s risk management software, data center usage, technical personnel and licenses by paying a minimum monthly fixed fee of $1,200,000. Minimum fees are determined by the usage of the server resources and are accountable against traded volume.

As a result of the Company’s activities and operations, the gross margin for the three months ended June 30, 2014, was approximately 66%. As the Company’s business matures and sales increase, the Company will recruit its own software/technical personnel to manage its own server platform, data centers, all computer hardware, software, computer infrastructure and servers. The Company will purchase the licenses to use software to make its computer infrastructure and data centers fully operational and efficient. This will result in an increase in operating costs initially and our gross margins will be reduced significantly. However, as the Company’s business picks up and revenues increase, and infrastructure and data centers become fully operational, we anticipate our gross margins to increase.

Operating Expenses

Operating expenses for the three months ended June 30, 2014 and 2013 were $458,939 and $6,700, respectively. Operating expenses increased by $452,239 during the three months ended June 30, 2014 when compared to the previous comparable period was primarily due to the increase in depreciation expense of $4,488, increase in commissions of $132,970, increase in payroll of $101,336, increase in travel expense of $64,125, increase in rent of $18,550, and increase in profession fees of $79,587 resulting from professional services incurred in connection with the audit, consulting, legal and reporting requirements of being a public company.

Other Income and Expense

Other income and expense for the three months ended June 30, 2014 and 2013 were $1,561,239 and $0, respectively, primarily consisting of interest expense of $1,561,769 and offsetting by other income of $531. The Company recorded an imputed interest expense of $1,561,769 related to the amortization of debt discounts on two promissory notes for its purchase of intellectual property for the three months ended June 30, 2014.

Noncontrolling Interest

The Company accounted for its 65% owned subsidiary Clone Algo Pte Ltd. and reported net income attributable to a noncontrolling interest of $1,773,705 for the three months ended June 30, 2014. On May 19, 2014, Clone Algo Pte Ltd. issued an additional 2,000,000 shares of its common stock to Niraj Goel for $2,000,000 cash. As a result, the noncontrolling interest in Clone Algo Pte Ltd. was reduced to $36,309,276 as of June 30, 2014. The Company did not have a noncontrolling interest in a subsidiary in 2013.

Net Income

The Company recorded a net income of $3,174,023 for the three months ended June 30, 2014, compared to a net loss of $6,700 for the same comparable period in 2013. The increase in income was primarily due to the increase in revenues and gross margin and control on operating expense for the three months ended June 30, 2014.

Liquidity and Capital Resources

AsCash and ofcash ~~December~~equivalents 31were $5,864,939 ~~2013~~at June 30, we2014 ~~had~~compared noto ~~capital~~$6,991,013 ~~resources~~at ~~and~~March we31, 2014. Management expects the Company’s expenses will ~~need~~continue to increase during the foreseeable future as a result of increased operational expenses and the development of additional ~~capital~~algorithms toand ~~continue~~apps. ~~operations~~The ~~for~~Company anticipates generating licensing and technology revenues over the next twelve months., however, Weit ~~intend~~may tobe ~~rely~~dependent ~~upon~~on the ~~issuance~~proceeds offrom ~~common~~future ~~stock~~debt or equity investments to sustain its operations and ~~loans~~implement ~~from~~its business ~~shareholders~~plan. If the Company is unable to ~~fund~~raise ~~administrative~~sufficient ~~expenses~~capital, ~~pending~~it ~~acquisition~~will be required to delay or forego some portion of its business plan, which may have an ~~operating~~effect ~~company.~~on ~~However,~~its ~~our~~anticipated ~~shareholders~~results ~~are~~from ~~under~~operations and financial condition. There is no ~~obligation~~assurance that the Company will be able to ~~provide~~obtain ~~such~~necessary ~~funding~~amounts of capital or that its estimates of capital requirements will prove to be accurate.

~~Management~~The Company ~~anticipates~~presently ~~seeking~~does ~~out~~not ahave ~~target~~any ~~company~~significant ~~through~~credit ~~solicitation.~~available, ~~Such~~bank ~~solicitation~~financing ~~may include newspaper~~ or ~~magazine~~other ~~advertisements,~~external ~~mailings~~sources ~~and~~of ~~other~~liquidity. ~~distributions~~Its tocurrent operations ~~law~~have ~~firms,~~been ~~accounting~~a ~~firms,~~source ~~investment~~of ~~bankers~~liquidity, ~~financial advisors and similar persons~~however, the ~~use~~Company ofwill ~~one~~need orto ~~more~~obtain ~~internet~~additional ~~sites~~capital ~~and~~in ~~similar~~order ~~methods. No estimate can be made as~~ to ~~the~~expand ~~number~~its operations ofand ~~persons~~continue ~~who~~being ~~will be contacted or solicited~~profitable. ~~Management~~In ~~may~~order ~~engage~~to inobtain ~~such~~capital, ~~solicitation~~the ~~directly~~Company or may ~~employ~~need ~~one or more other entities~~ to ~~conduct~~sell oradditional ~~assist~~shares inof ~~such solicitation. Management and~~ its ~~affiliates~~common stock ~~will~~or ~~pay~~borrow ~~referral~~funds ~~fees~~from toprivate ~~consultants and others who refer target businesses for mergers into public companies in which management and its affiliates have an interest~~lenders. ~~Payments~~There ~~are~~can ~~made~~be ifno aassurance ~~business~~that ~~combination~~it ~~occurs,~~will ~~and~~be ~~may~~successful ~~consist of cash or a portion of the stock~~ in ~~the~~obtaining ~~Company~~additional ~~retained by management and its affiliates, or both~~funding.

AsTo the ~~discussed~~extent ~~above,~~that wethe ~~incurred~~Company ~~net~~has ~~losses~~raised additional capital through the sale of $8equity,~~003~~ ~~for~~ the ~~three~~issuance ~~months~~of ~~ended~~such ~~December~~securities ~~31,~~may ~~2013.~~result in ~~Since~~dilution ~~inception~~to ~~(February~~existing ~~22,~~stockholders. ~~2010),~~If weadditional ~~have~~funds ~~incurred~~are araised ~~net~~through ~~loss~~the issuance of ~~$56~~debt securities,~~476.~~ ~~Cash~~these ~~used~~securities may inhave ~~operating~~rights, ~~activities~~preferences ~~during~~and ~~the~~privileges ~~three~~senior ~~months~~to ~~ended~~holders ~~December~~of ~~31,~~common ~~2013~~stock ~~was~~and ~~$0.~~the ~~Since~~terms ~~inception,~~of ~~cash~~such ~~used~~debt incould ~~operating~~impose ~~activities~~restrictions on ~~was~~the ~~$21,575~~Company’s operations. AsRegardless of ~~December~~whether ~~31,~~the ~~2013,~~cash weassets ~~had~~prove ato ~~stockholders’~~be ~~deficiency~~inadequate ofto ~~$33,901.~~meet ~~Accordingly~~the Company’s operational needs, ~~there~~it ismay ~~substantial~~seek ~~doubt~~to ~~about~~compensate ~~our~~providers ~~ability~~of toservices ~~continue~~by asissuance aof ~~going~~stock ~~concern.~~in ~~Our~~lieu ~~ability~~of tocash, ~~continue~~which asmay aalso ~~going~~result ~~concern~~in isdilution to ~~dependent~~existing onshareholders. ~~our~~Even ~~ability~~if the Company is able to raise ~~additional~~the ~~capital~~funds ~~and~~required, ~~implement~~it ~~our~~is ~~business~~possible ~~plan.~~that ~~The~~it ~~financial~~could ~~statements~~incur dounexpected costs ~~not~~and ~~include~~expenses, ~~any~~fail ~~adjustments~~to ~~that~~collect ~~might~~significant beamounts ~~necessary~~owed, ifor weexperience ~~are~~unexpected ~~unable~~cash torequirements ~~continue~~that aswould aforce ~~going~~the Company ~~concern~~to seek alternative financing.

4Management has been successful in the past in raising capital, however, no assurance can be given that these sources of financing will continue to be available to us and/or that demand for our equity/debt instruments will be sufficient to meet our capital needs, or that financing will be available on terms favorable to us. If funding is insufficient at any time in the future, the Company may not be able to take advantage of business opportunities or respond to competitive pressures, or may be required to reduce the scope of its planned service development and marketing efforts, any of which could have a negative impact on our business and operating results.

~~Management believes that actions presently being taken to obtain additional funding and implement its strategic plans provide the opportunity for us to continue as a going concern.~~Operating activities

~~Mr.~~Net ~~Niraj~~cash ~~Goel~~flows ~~will~~used ~~supervise~~in ~~the~~operating ~~search~~activities was $3,695,620 for ~~target~~the ~~companies~~three asmonths ~~potential~~ended ~~candidates~~June ~~for~~30, a2014 ~~business~~which ~~combination.~~resulted ~~Mr.~~primarily ~~Goel~~due ~~will~~to ~~pay~~our net income of $3,174,023, atincome ~~his~~attributable to ~~own~~noncontrolling ~~expense~~interest of $1,773,705, ~~any~~depreciation ~~costs~~of he$4,488, ~~incurs~~amortization of debt discount of $1,561,769, increase in ~~supervising~~accounts receivable ~~the~~of ~~search~~$6,530,306, ~~for~~increase ain ~~target~~accounts ~~company.~~receivable ~~Mr.~~from ~~Goel~~related ~~may~~party ~~enter~~of ~~into~~$1,421,480, ~~agreements~~increase ~~with~~in ~~other~~due ~~consultants~~from torelated ~~assist~~party of $139,388, increase in ~~locating~~prepaid aexpense ~~target~~and ~~company~~other current assets of $12,000, decrease in accounts payable and ~~may~~accrued ~~share~~liabilities of ~~stock~~$355,358, ~~received~~increase byin itcustomer ordeposit ~~cash~~of ~~resulting~~$40,000, ~~from~~decrease ~~the~~in ~~sale~~other current liabilities of ~~its~~$2,500,000 ~~securities~~and ~~with~~increase ~~such~~in ~~other~~due to ~~consultants~~related parties of $708,927.

~~Off-Balance Sheet Arrangements~~Investing activities

WeNet cash ~~have~~flows ~~not~~used ~~entered~~in ~~into~~investing ~~any~~activities ~~off-balance~~was ~~sheet~~$0 ~~arrangements~~for ~~that~~the ~~have~~three ormonths ~~are~~ended ~~reasonably~~June ~~likely to have a current or future effect on our financial condition~~30, ~~changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources and would be considered material to investors~~2014.

~~Critical Accounting Policies~~18

The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires the Company’s management to make assumptions, estimates and judgments that affect the amounts reported in the financial statements, including the notes thereto, and related disclosures of commitments and contingencies, if any. The Company considers its critical accounting policies to be those that require more significant judgments and estimates in the preparation of financial statements, including the followingFinancing activities:

~~Estimates~~Net cash flows provided by financing activities for the three months ended June 30, 2014 was $2,569,546. Net cash provided by financing activities was primarily attributable to the cash proceeds of $15,944,546 received from the sale of common stock and common stock subscriptions, cash proceeds of $2,000,000 received from noncontrolling interest, cash paid for note payable to a related party of $13,500,000 and cash paid for note payable of $1,875,000.

The Company ~~preparation~~continues ~~of financial statements in conformity with generally accepted accounting principles requires management~~ to ~~make~~use ~~estimates~~traditional and/or ~~assumptions~~debt ~~that~~financing ~~affect~~as ~~the~~well ~~reported~~as ~~amounts~~sales of ~~assets~~its ~~and~~common ~~liabilities~~stock ~~and~~to ~~disclosure~~provide ~~of contingent assets and liabilities at~~ the ~~date~~capital offor ~~the~~its business ~~financial statements and reported amounts of revenues and expenses during the reporting period~~operations. ~~Actual results could differ from those estimates.~~

As a result of the above activities, the Company recorded a net decrease in cash of $1,126,074 for the three months ended June 30, 2014. As reflected in the unaudited consolidated financial statements, the Company has an accumulated deficit of $76,227,809 as of June 30, 2014 and has available cash of $5,864,939 as of June 30, 2014 to meet its current obligations.

Off Balance Sheet Arrangements

We do not have any off balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, sales or expenses, results of operations, liquidity or capital expenditures, or capital resources that are material to an investment in our securities.

Critical Accounting Policies and Significant Judgments and Estimates

Our management’s discussion and analysis of our financial condition and results of operations is based on our financial statements which we have prepared in accordance with U.S. generally accepted accounting principles. In preparing our financial statements, we are required to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. We have identified the following accounting policies that we believe require application of management’s most subjective judgments, often requiring the need to make estimates about the effect of matters that are inherently uncertain and may change in subsequent periods. Our actual results could differ from these estimates and such differences could be material.

While our significant accounting policies are described in more detail in Note 2 of our financial statements for the period ended June 30, 2014, we believe the following accounting policies to be critical to the judgments and estimates used in the preparation of our financial statements.

Cash and Cash Equivalents

For purposes of reporting within the statement of cash flows, the Company considers all cash on hand, cash accounts not subject to withdrawal restrictions or penalties, and all highly liquid debt instruments purchased with a maturity of three months or less to be cash and cash equivalents.

Revenue Recognition

The Company recognizes revenues when persuasive evidence of an arrangement exists; delivery has occurred; price is fixed or determinable; and collectability of the related receivable is reasonably assured. The Company closely follows the provisions of Financial Accounting Standards Board Accounting Standards Codification (ASC) 605 “Revenue Recognition”, which includes the guidelines of Staff Accounting Bulletin No. 104.

The Company's main source of revenue is from the licensing fees that brokers, distributors, hedge funds, and banks pay for licensing our Clone Algo Applications based on the type of trading in which their customers (our users) are engaged in. Each user has multiple accounts running different algorithms for different asset classes.

Earnings (Loss) Per Common Share

The Company computes net earnings (loss) per share in accordance with ASC 260, “Earnings per Share”. ASC 260 requires presentation of both basic and diluted net earnings per share (“EPS”) on the face of the income statement.

Basic EPS is computed by dividing earnings (loss) available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period using the treasury stock method and convertible preferred stock using the if-converted method. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all dilutive potential shares if their effect is anti-dilutive.

Variable Interest Entity

The Company follows the guidelines in FASB Codification of ASC 810 “Consolidation” which indicates "a legal entity that is deemed to be a business need not be evaluated by a reporting entity to determine if the legal entity is a Variable Interest Entity (“VIE")” unless any one of four conditions exist:

●

The reporting entity, its related parties, or both participated significantly in the design or redesign of the legal entity;

●

The legal entity is designed so that substantially all of its activities involve or are conducted on behalf of the reporting entity;

●

The reporting entity and its related parties provide more than half of the total of the equity, subordinated debt, and other forms of subordinated;

●

The activities of the legal entity are primarily related to the securitizations or other forms of asset-backed financings or single

A VIE is an entity that either (a) has insufficient equity to permit the entity to finance its activities without additional subordinated financial support or (b) has equity investors who lack the characteristics of a controlling financial interest. A VIE is consolidated by its primary beneficiary. The primary beneficiary has both the power to direct the activities that most significantly impact the entity’s economic performance and the obligation to absorb losses or the right to receive benefits from the entity that could potentially be significant to the VIE. If we determine that we have operating power and the obligation to absorb losses or receive benefits, we consolidate the VIE as the primary beneficiary, and if not, we do not consolidate. The Company has not identified any VIEs as of June 30, 2014.

Income Taxes

The Company ~~has~~accounts ~~adopted~~for income taxes using the ~~provisions~~asset ofand ~~FASB~~liability method in accordance with ASC 740, “~~Accounting for~~ Income Taxes",”. The ~~which~~asset ~~requires~~and ~~recognition~~liability ofmethod provides that deferred tax ~~liabilities~~assets and ~~assets~~liabilities are recognized for the expected future tax consequences of temporary differences between the financial reporting and tax basis of ~~events~~assets ~~that~~and ~~have~~liabilities, ~~been~~and ~~included~~for inoperating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using the ~~consolidated~~currently ~~financial~~enacted ~~statements~~tax orrates and laws. The Company records a valuation allowance to reduce deferred tax ~~returns~~assets to the amount that is believed more likely than not to be realized. The ~~Under~~Company ~~this~~follows ~~method~~the provisions of ASC 740-10, ~~deferred~~“Accounting for Uncertain Income Tax Positions.” When tax returns ~~liabilities~~are ~~and~~filed, ~~assets~~it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are ~~determined~~subject ~~based~~to onuncertainty about the ~~difference~~merits ~~between~~of the ~~financial~~position ~~statement~~taken ~~and~~or ~~tax~~the ~~basis~~amount of ~~assets~~the ~~and~~position ~~liabilities~~that ~~using~~would ~~enacted~~be ultimately sustained. In accordance with the guidance of ASC 740-10, the benefit of a tax ~~rates~~position inis ~~effect~~recognized ~~for~~in the ~~year~~financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the ~~differences~~position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not ~~expected~~offset or aggregated with other positions. Tax positions that meet the more-likely-than-not recognition threshold are measured as the largest amount of tax benefit that is more than 50 percent likely of being realized upon settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above should be reflected as a liability for unrecognized tax benefits in the accompanying consolidated balance sheets along with any associated interest and penalties that would be payable to ~~reverse~~the taxing authorities upon examination.

~~Item 3. Quantitative And Qualitative Disclosures About Market Risk.~~20

~~Pursuant to~~ Item 3. ~~305(e)~~Quantitative ofand ~~Regulation~~Qualitative ~~S-K,~~Disclosures weAbout ~~are~~Market ~~not required to provide the information required by this Item as we are a “smaller reporting company.”~~Risk

~~Item~~Not applicable 4.because ~~Controls~~we ~~And~~are ~~Procedures~~a smaller reporting company.

Item 4. Controls and Procedures

Evaluation of Disclosure Controls and Procedures

WeOur Chief ~~maintain~~Executive Officer and Chief Financial Officer, Nitin Damodaran, evaluated the effectiveness of our disclosure controls and procedures. The term “disclosure controls and procedures,” as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act, means controls and other procedures of a company that are designed to ensure that information required to be disclosed by a company in ~~our~~the ~~Securities~~reports, ~~Exchange~~such ~~Act~~as ofthis ~~1934~~report, ~~reports~~that it files or submits under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the SEC’s rules and forms. Disclosure controls and procedures include, without limitation, controls and ~~that~~procedures ~~such~~designed to ensure that information required to be disclosed by a company in the reports that it files or submits under the Exchange Act is accumulated and communicated to ~~our~~the company’s management, including ~~our~~its principal ~~general~~executive ~~partner’s Chief Executive Officer~~ and ~~Chief~~principal ~~Financial~~financial ~~Officer~~officers, as appropriate, to allow timely decisions regarding required disclosure. Management Inrecognizes ~~designing and evaluating the disclosure controls and procedures, our management recognized~~ that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving ~~the~~their ~~desired control~~ objectives, and ~~our~~ management necessarily ~~was~~applies ~~required to apply~~ its judgment in evaluating the cost-benefit relationship of possible controls and procedures. Based on that evaluation, our Chief Executive Officer and Chief Financial Officer concluded that as of December 31, 2013, and as of the date that the evaluation of the effectiveness of our disclosure controls and procedures was completed, our disclosure controls and procedures were ineffective to satisfy the objectives for which they are intended.

5Based upon that evaluation, our Chief Executive Officer and Chief Financial Officer concluded that the Company’s disclosure controls and procedures are not effective as of June 30, 2014 to ensure that information required to be disclosed by the Company in the reports that the Company files or submits under the Exchange Act, is recorded, processed, summarized and reported, within the time periods specified in the SEC’s rules and forms, and that such information is accumulated and communicated to the Company’s management, including the Company’s Chief Executive Officer and Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosure for the reason described below.

Because of our limited operations, we have a small number of employees which prohibits a segregation of duties. In addition, we lack a formal audit committee with a financial expert. As we grow and expand our operations, we will engage additional employees and experts as needed. However, there can be no assurance that our operations will expand.

Changes in Internal Control over Financial Reporting

~~During~~Management regularly ~~the~~reviews ~~fiscal~~our ~~quarter~~system ~~ended~~of ~~December~~internal ~~31,~~control ~~2013,~~over ~~there~~financial ~~were~~reporting noand makes changes into our ~~internal~~processes ~~control~~and ~~over~~systems ~~financial~~to ~~reporting~~improve controls ~~that~~and ~~has~~increase ~~materially affected~~efficiency, orwhile isensuring ~~reasonably~~that ~~likely~~we tomaintain ~~materially~~an ~~affect,~~effective ~~our~~ internal control ~~over~~environment. ~~financial~~Changes ~~reporting~~may include such activities as implementing new and more efficient systems, consolidating activities, and migrating processes.

~~PART~~There were IIno -changes ~~OTHER~~in ~~INFORMATION~~our internal control over financial reporting that occurred during the period covered by this report that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

~~Item 1. Legal Proceedings.~~22

~~From~~PART II ~~time~~– toOTHER time, we may become involved in various lawsuits and legal proceedings, which arise in the ordinary course of business. However, litigation is subject to inherent uncertainties, and an adverse result in these or other matters may arise from time to time that may harm business. We are currently not aware of any such legal proceedings or claims that will have, individually or in the aggregate, a material adverse effect on our business, financial condition or operating results.INFORMATION

Item 1A 1. ~~Risk~~Legal ~~Factors.~~Proceedings

AsFrom time ato ~~smaller~~time, ~~reporting~~we ~~company~~may become involved in various lawsuits and legal proceedings, wewhich arise, in the ordinary course of business. However, litigation is subject to inherent uncertainties, and an adverse result in these or other matters may arise from time to time that may harm our business. We are currently not ~~required~~aware toof ~~make~~any ~~disclosures~~such ~~under~~legal ~~this~~proceedings ~~Item~~or 1Aclaims that we believe will have a material adverse effect on our business, financial condition or operating results.

Item 2 1A. ~~Unregistered~~Risk ~~Sales of Equity Securities and Use of Proceeds.~~Factors

Not required for smaller reporting companies.

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

Between April 1, 2014 and June 30, 2014, the Company received cash of $15,944,546 from foreign investors under private placement subscription agreements for the purchase of its $0.001 par value common stock at a purchase price of $8.00 per share. The offering was part of a larger funding effort which continued through May of 2014, at which time the Company received subscriptions for a total of $40,000,000 through the sale of 5,000,000 shares of its $0.001 par value common stock at a purchase price of $8.00 per share. As of June 30, 2014, the subscription documents were completed for all 5,000,000 shares. The Company has received $22,928,910 cash from the offering as of June 30, 2014 and issued the stock for that cash. Investors paid $1,755,342 as of June 30, 2014 that was received and recorded as subscription receivables because the Company has not yet issued the stock for that cash.

The shares of common stock in these offerings were offered and sold in reliance upon exemptions from registration pursuant to Section 4(2) of the Securities Act of 1933, as amended (the “Securities Act”), Rule 506 of Regulation D promulgated under the Securities Act (“Regulation D”) and/or Regulation S promulgated under the Securities Act (“Regulation S”). We made this determination based on the representations of each Purchaser which included, in pertinent part, that each such Purchaser was (a) an “accredited investor” within the meaning of Rule 501 of Regulation D, (b) a “qualified institutional buyer” within the meaning of Rule 144A under the Securities Act or (c) not a “U.S. person” as that term is defined in Rule 902(k) of Regulation S and upon such further representations from each Purchaser that (i) such Purchaser is acquiring the securities for his, her or its own account for investment and not for the account of any other person and not with a view to or for distribution, assignment or resale in connection with any distribution within the meaning of the Securities Act, (ii) the Purchaser agrees not to sell or otherwise transfer the purchased shares unless they are registered under the Securities Act and any applicable state securities laws, or an exemption or exemptions from such registration are available, (iii) the Purchaser has knowledge and experience in financial and business matters such that he, she or it is capable of evaluating the merits and risks of an investment in us, (iv) the Purchaser had access to all of our documents, records, and books pertaining to the investment and was provided the opportunity to ask questions and receive answers regarding the terms and conditions of the offering and to obtain any additional information which we possessed or were able to acquire without unreasonable effort and expense, and (v) the Purchaser has no need for the liquidity in its investment in us and could afford the complete loss of such investment. In addition, there was no general solicitation or advertising for securities issued in reliance upon Regulation D.

Item 3. Defaults Upon Senior Securities

None.

Item 3 4. ~~Defaults~~Mine ~~Upon~~Safety ~~Senior Securities.~~Disclosures

None.

Item 4. Mine Safety Disclosures.

Not applicable.

~~Item 5. Other Information.~~23

Item 5. Other Information

None.

Item 6. Exhibits

(a) Exhibits

Exhibit No.		Description

31.1*		Certification of Principal Executive Officer and Principal Financial Officer, pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

32.1**		Certification of Principal Executive Officer and Principal Financial, pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

Exhibit Number	Description of Exhibit	Filing Method
101.INS*	XBRL Instance Document	Filed herewith
3.1(i)	Articles of Incorporation dated February 22, 2010.	Incorporated by Reference(1)
101.SCH*	XBRL Taxonomy Schema	Filed herewith
3.1(ii)	Certificate of Amendment to the Articles of Incorporation dated January 8, 2014.	Incorporated by Reference(2)
101.CAL*	XBRL Taxonomy Calculation Linkbase	Filed herewith
3.2	Bylaws	Incorporated by Reference(1)
101.DEF*	XBRL Taxonomy Definition Linkbase	Filed herewith
31.1	Certification of Principal Executive Officer and Principal Financial Officer pursuant to Section 302 of the Sarbanes - Oxley Act of 2002.	Filed herewith
101.LAB*	XBRL Taxonomy Label Linkbase	Filed herewith
32.1	Certification of Principal Executive Officer and Principal Financial Officer pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes - Oxley Act of 2002.	Furnished herewith*
101.PRE*	XBRL Taxonomy Presentation Linkbase	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

* ~~The~~Filed ~~certification attached as Exhibit 32~~herewith.~~1 accompanying this Quarterly Report on Form 10-Q and is not deemed filed with the Securities and Exchange Commission.~~

~~(1)~~**In ~~Previously~~accordance ~~filed~~with asSEC anRelease ~~exhibit~~33-8238, toExhibit ~~the~~32.1 ~~registration~~is ~~statement~~being furnished onand ~~Form~~not 10 filed ~~on August 13, 2010~~.

~~(2) Previously filed as an exhibit on the Company’s current report on Form 8-K filed on February 11, 2014.~~24

SIGNATURES

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

	CLONE ALGO INC.
Date: February 14, 2014	By:	/s/ Niraj Goel
		Niraj Goel
		Chief Executive Officer and Chief Financial Officer
		(Principal Executive Officer and Principal Financial and Accounting Officer)

Date: January 12, 2015

8Clone Algo Inc. /s/ Nitin Damodaran Name: Nitin Damodaran Chief Executive Officer and Chief Financial Officer (Duly Authorized Officer, Principal Executive Officer and Principal Financial Officer)

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