UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

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

For the quarterly period ended ~~January~~July 31, 2016

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

For the transition period from _________ to _________

Commission File Number: 333-189723

MOBILE LADS CORP.

(Exact name of registrant as specified in its charter)

Nevada		42-1774611
(state or other jurisdiction of incorporation or organization)		(I.R.S. Employer I.D. No.)

3370 NE 190th Street, Suite 3815

Aventura, Florida 33180

(Address of principal executive offices)

1-800-470-9216

Issuer’s telephone number

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

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

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

Large accelerated filer [☐ ] Accelerated filer [☐ ] Non-accelerated filer [☐ ] Smaller reporting company [☒ XEmerging ]growth company ☐

~~Indicate~~If an emerging growth company, indicate by check mark ~~whether~~if the registrant ishas aelected ~~shell~~not ~~company~~to ~~(as~~use ~~defined~~the inextended ~~Rule~~transition ~~12b-2~~period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act). ~~Yes~~ ~~[ ] No [X]~~☐

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

APPLICABLE ONLY TO CORPORATE ISSUERS

State the number of shares outstanding of each of the issuer’s classes of common equity, as of the latest practicable date: As of ~~March~~January 1017, ~~2016~~2018, the registrant’s outstanding stock consisted of ~~311~~443,~~666~~707,~~850~~955 common shares.

MOBILE LADS CORP. AND SUBSIDIARY

FORM 10-Q

For the Quarterly Period Ended ~~January~~July 31, 2016

INDEX

PART I	Financial Information	41
Item 1.	Condensed Consolidated Unaudited Financial Statements	31
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	109
Item 3.	Quantitative and Qualitative Disclosures about Market Risk	1211
Item 4.	Controls and Procedures	1211
PART II	Other Information	12
Item 1.	Legal Proceedings	12
Item 1A.	Risk Factors	12
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	12
Item 3.	Defaults Upon Senior Securities	12
Item 4.	Mine Safety Disclosures	12
Item 5.	Other Information	12
Item 6.	Exhibits	1312
Signatures		1413

PART I - FINANCIAL INFORMATION

Item 1. Financial Statements

MOBILE LADS CORP. AND SUBSIDIARY

CONSOLIDATED FINANCIAL STATEMENTS

TABLE OF CONTENTS

Condensed Balance Sheets as of January 31, 2016 (unaudited) and April 30, 2015		5
Condensed Consolidated Balance Sheets as of July 31, 2016 (unaudited) and April 30, 2016	2
Condensed Statements of Operations for the three and nine months ended January 31, 2016 and 2015 (unaudited)		6
Condensed Consolidated Statements of Operations for the three months ended July 31, 2016 and 2015 (unaudited)	3
Condensed Statements of Cash Flows for the nine months ended January 31, 2016 and 2015 (unaudited)		7
Condensed Consolidated Statements of Cash Flows for the three months ended July 31, 2016 and 2015 (unaudited)	4
Notes to the Condensed Financial Statements (unaudited)		8
Notes to the Condensed Consolidated Financial Statements (unaudited)	5

MOBILE LADS CORP. AND SUBSIDIARY

CONDENSED CONSOLIDATED BALANCE SHEETS

	July 31, 2016			April 30, 2016
	(Unaudited)			(Audited)
ASSETS
Current Assets:
Cash	$	4,656		$	96,990
Prepaid insurance		10,039			13,886
Other current assets		6,971			-
Total current assets		21,666			110,876
Intangible assets, net		-			95,829
Prepaid inventory		1,438,491			1,438,491

Total Assets	$	1,460,157		$	1,645,196

LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)
Current Liabilities:
Accounts payable	$	128,331		$	78,997
Accounts payable – related party		52,982			45,000
Accrued interest		26,514			-
Accrued officer compensation		67,069			52,741
Loan payable		8,613			10,418
Total Current Liabilities		283,509			187,156

Due to related parties		208,295			180,675

Total Liabilities		491,804			367,831

Stockholders’ Equity (Deficit):
Preferred stock, par value $0.00001; 10,000,000 shares authorized, 1,000,000 and 1,000,000 shares of Series A issued and outstanding; respectively		10			10
Common stock, par value $0.00001; 950,000,000 shares authorized, 443,707,955 and 440,207,955 shares issued and outstanding; respectively		4,437			4,402
Common stock payable		400,000			150,000
Additional paid in capital		5,263,339			5,088,376
Accumulated deficit		(4,692,390	)		(3,958,707	)
Accumulated other comprehensive (loss)		(7,043	)		(6,716	)
Total Stockholders’ Equity		968,353			1,277,365
Total Liabilities and Stockholders’ Equity	$	1,460,157		$	1,645,196

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

MOBILE LADS CORP. AND SUBSIDIARY

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

	For the Three Months Ended July 31,
	2016			2015

Revenue	$	4,474		$	-

Operating Expenses:
General and administrative		60,587			30,854
Consulting		330,615			-
Officer compensation		106,194			4,500
Professional Fees		144,697			7,334

Total operating expenses		642,093			42,688

Loss from operations		(637,619	)		(42,688	)

Other expense:
Interest expense		(235	)		-
Loss on impairment of intangible asset		(95,829	)		-
Total other expense		(96,064	)		-

Provision for Income Taxes		-			-

Net Loss	$	(733,683	)	$	(42,688	)

Other comprehensive income (loss):		(327	)		-

Comprehensive income (loss)		(734,010	)		(42,688	)
Net Loss per share - basic	$	(0.00	)	$	(0.00	)
Weighted average shares outstanding – basic		443,517,738			233,566,850

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

MOBILE LADS CORP. CONDENSED BALANCE SHEETS
ASSETS
		January 31, 2016		April 30, 2015
		(unaudited)		(audited)
Current Assets:
Cash	$	-	$	-
Total current assets		-		-
Intangible assets, net		108,330		145,833
Total Assets	$	108,330	$	145,833
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)
Current Liabilities:
Accounts payable and accrued expenses	$	78,640	$	20,935
Accrued officer compensation		61,488		3,000
Loan payable		154,578
Loans payable - related parties		323,371		260,776
Total Liabilities		618,077		284,711
Stockholders’ Equity:
Preferred stock, par value $0.00001; 9,000,000 shares authorized, no shares issued and outstanding		-		-
Preferred stock, Series A, par value $0.00001; 1,000,000 shares authorized, 1,000,000 and 0 shares issued and outstanding; respectively		10		-
Common stock, par value $0.00001; 950,000,000 shares authorized, 261,666,850 and 233,566,850 shares issued and outstanding; respectively		2,617		2,336
Common stock payable		150,000		150,000
Additional paid in capital		2,747,273		29,564
Accumulated deficit		(3,409,647)		(320,778)
Total Stockholders’ Equity (Deficit)		(509,747)		(138,878)
Total Liabilities and Stockholders’ Equity (Deficit)	$	108,330	$	145,833

MOBILE LADS CORP. AND SUBSIDIARY

~~The~~CONDENSED ~~accompanying~~CONSOLIDATED ~~notes~~STATEMENT ~~are~~OF anCASH ~~integral part of these unaudited condensed financial statements.~~FLOWS

(unaudited)

	For the Three Months Ended July 31,
	2016			2015
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$	(733,683	)	$	(42,688	)
Adjustments to reconcile net loss to net cash used in operating activities:
Foreign currency translation adjustment		(327	)		-
Loss on impairment of intangible asset		95,829			-
Amortization expense		-			12,501
Stock for services		175,000			-
Changes in assets and liabilities:
Prepaids		3,847			(2,147	)
Other current assets		(6,971	)		-
Accounts payable		49,334			(13,294	)
Accounts payable – related party		7,982			-
Accrued expenses		40,840			4,500
CASH FLOWS USED IN OPERATING ACTIVITIES		(368,149	)		(41,128	)

CASH FLOWS FROM INVESTING ACTIVITIES:		-			-

CASH FLOWS FROM FINANCING ACTIVITIES:
Net advances from related parties		27,620			41,439
Payments on loan payable		(1,805	)		-
Proceeds from the sale of common stock		250,000			-
CASH FLOWS PROVIDED BY FINANCING ACTIVITIES		275,815			41,439

Net increase (decrease) in cash		(92,334	)		311
Cash, beginning of period		96,990			-
Cash, end of period	$	4,656		$	311

SUPPLEMENTAL CASH FLOW INFORMATION:
Interest paid	$	-		$	-
Income taxes paid	$	-		$	-

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

MOBILE LADS CORP. CONDENSED STATEMENTS OF OPERATIONS (Unaudited)
		For the Three Months Ended January 31,				For the Nine Months Ended January 31,
		2016		2015		2016		2015
Revenue	$	-	$	-	$	-	$	-
Operating Expenses:
General and administrative		158,435		40,409		258,697		215,989
Consulting		2,028,875		-		2,762,643		-
Professional Fees		17,800		9,196		62,466		36,572
Total operating expenses		2,205,110		49,605		3,083,806		252,561
Loss from operations		(2,205,110)		(49,605)		(3,083,806)		(252,561)
Other expense
Interest expense		(5,063)		-		(5,063)		-
Total other expense		(5,063)		-		(5,063)		-
Provision for Income Taxes		-		-		-		-
Net Loss	$	(2,210,173)	$	(49,605)	$	(3,088,869)	$	(252,561)
Net Loss per share - basic	$	(0.01)	$	(0.00)		(0.01)	$	(0.00)
Weighted average shares outstanding – basic		242,263,589		233,566,850		236,476,305		233,566,850

MOBILE LADS CORP. AND SUBSIDIARY

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

MOBILE LADS CORP. CONDENSED STATEMENT OF CASH FLOWS (unaudited)
		For the Nine Months Ended January 31,
		2016		2015
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$	(3,088,869)	$	(252,561)
Adjustments to reconcile net loss to net cash used in operating activities:
Amortization expense		37,503		-
Common stock issued for services		2,718,000		-
Changes in assets and liabilities:
Increase in accounts payable and accrual		12,705		7,939
Increase in accrued compensation		103,488		-
CASH FLOWS USED IN OPERATING ACTIVITIES		(217,173)		(244,622)
CASH FLOWS FROM INVESTING ACTIVITIES:		-		-
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from loans		205,314
Repayment of loans		(50,736)
Advances from related parties		62,595		244,622
CASH FLOWS PROVIDED BY FINANCING ACTIVITIES		217,173		244,622
NET INCREASE IN CASH:		-		-
Cash, beginning of period		-		-
Cash, end of period	$	-	$	-
SUPPLEMENTAL CASH FLOW INFORMATION:
Interest paid	$	-	$	-
Income taxes paid	$	-	$	-
Supplemental disclosure of non-cash activities
Expenses paid by related party loans	$	106,655	$	244,622
Common stock issued for services	$	2,718,000	$	-

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

MOBILE LADS CORP.

NOTES TO THE CONDENSED

CONSOLIDATED FINANCIAL STATEMENTS

~~January~~ July 31, 2016

(unaudited)

NOTE 1 – ORGANIZATION AND NATURE OF BUSINESS

Mobile Lads Corp. (“the Company”) was incorporated under the laws of the State of Nevada, U.S. on March 26, 2013. Our business is focused on marketing products and services using short message service (SMS) technology. SMS technology involves sending marketing offers through cell phones that target specific audiences at the last minute.

On June 1, 2016 the Company setup Fonia Mobile Inc. (“Fonia”) as a wholly owed subsidiary. Fonia was incorporated on May 15, 2016 in the Province of Ontario.

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The accompanying interim unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules and regulations of the United States Securities and Exchange Commission for interim financial information. Accordingly, they do not include all the information and footnotes necessary for a comprehensive presentation of financial position, results of operations, stockholders’ deficit and cash flows. It is management's opinion, however, that all material adjustments (consisting of normal recurring adjustments) have been made which are necessary for a fair financial statement presentation. The interim results for the ~~nine~~three months ended ~~January~~July 31, 2016 are not necessarily indicative of the results for the full fiscal year.

Use of estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

~~Cash and Cash Equivalents~~Translation Adjustment

~~The~~For the years ended April 30, 2016 and 2015, the accounts of the Company ~~considers~~were ~~all~~maintained, ~~highly~~and ~~liquid~~its ~~investments~~financial statements were expressed, in both Canadian and US dollars. The Canadian financial statements were translated into USD in accordance with the Foreign ~~original~~Currency ~~maturities~~Matters Topic of ~~three~~the ~~months~~Codification or(ASC ~~less~~830), towith bethe ~~cash~~CAD ~~equivalents~~as the functional currency. ~~There~~ According to the Codification, all assets and liabilities were notranslated ~~cash~~at ~~equivalents~~the ascurrent ofexchange ~~January~~rate 31at respective balance sheets dates, members’ ~~2016~~capital are translated at the historical rates and ~~April~~income 30statement items are translated at the average exchange rate for the period. The resulting translation adjustments are reported under other comprehensive income in accordance with the Comprehensive Income Topic of the Codification (ASC 220), ~~2015~~as a component of members’ capital. Transaction gains and losses are reflected in the income statement.

~~Intangible assets~~Comprehensive Income

~~Intangible~~The Company ~~assets~~uses ~~are~~SFAS ~~carried~~130 at“Reporting ~~cost~~Comprehensive ~~and~~Income” ~~amortized~~(ASC ~~over~~Topic ~~their~~220). Comprehensive ~~estimated~~income ~~useful~~is ~~lives,~~comprised of ~~generally~~net onincome aand ~~straight-line~~all ~~basis~~changes ~~over~~to ~~three~~the ~~years.~~statements ~~The~~of ~~Company~~members’ ~~reviews~~capital, ~~identifiable~~except ~~amortizable~~those ~~intangible~~due ~~assets~~ to beinvestments ~~held~~by ~~and~~members, ~~used for impairment whenever events or~~ changes in paid-in ~~circumstances~~capital ~~indicate~~and ~~that~~distributions ~~the~~to ~~carrying value of the assets may not be recoverable~~members. ~~Determination~~Comprehensive ofincome ~~recoverability~~for ~~is based on~~ the ~~lowest~~three ~~level~~months ofended ~~identifiable~~July ~~estimated~~31, ~~undiscounted~~2016 ~~cash flows resulting from use of the asset~~ and ~~its~~2015 ~~eventual disposition. Measurement of any impairment loss~~ is ~~based~~included net onincome ~~the~~and ~~excess~~foreign ofcurrency ~~the~~translation ~~carrying value of the asset over its fair value~~adjustments.

~~Fair Value~~ Principles of ~~Financial Instruments~~Consolidation

The unaudited ~~Company’s~~condensed consolidated financial ~~instruments~~statements ~~consist~~include ofthe ~~cash~~accounts ~~and~~of ~~cash~~Mobile ~~equivalents~~Lads and ~~amounts~~its ~~due~~wholly-owned tosubsidiary ~~shareholder.~~Fonia Mobile ~~The~~Inc ~~carrying~~(collectively ~~amount~~referred ~~of these financial instruments approximates fair value due either~~ to ~~length~~as ofthe ~~maturity~~“Company"). orAll ~~interest~~significant ~~rates~~intercompany ~~that~~accounts ~~approximate~~and ~~prevailing~~transactions ~~market~~have been ~~rates~~eliminated ~~unless otherwise disclosed~~ in ~~these financial statements~~consolidation.

ASC Topic 820, “Fair Value Measurements and Disclosures,” requires disclosure of the fair value of financial instruments held by the Company. ASC Topic 825, “Financial Instruments,” defines fair value, and establishes a three-level valuation hierarchy for disclosures of fair value measurement that enhances disclosure requirements for fair value measures. The carrying amounts reported in the balance sheets for receivables and current liabilities each qualify as financial instruments and are a reasonable estimate of their fair values because of the short period of time between the origination of such instruments and their expected realization and their current market rate of interest.Revenue Recognition

The Company ~~three~~follows ~~levels~~ASC 605-10-S99-1, Revenue Recognition, of ~~valuation~~the ~~hierarchy~~FASB ~~are~~Accounting ~~defined~~Standards asCodification ~~follows~~for revenue recognition, which has four basic criteria that must be met before revenue is recognized: 1) existence of persuasive evidence that an arrangement exists; 2) delivery has occurred or services have been rendered; 3) the seller’s price to the buyer is fixed and determinable; and 4) collection is reasonably assured.

·5

~~Level 1. Observable inputs such as quoted prices in active markets;~~Reclassifications

·Certain reclassifications have been made to the prior period financial information to conform to the presentation used in the consolidated financial statements for the three months ended July 31, 2016.

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

Level 3. Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions.

Income Taxes

The Company follows Section 740-10-30 of the FASB Accounting Standards Codification, which requires recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements or tax returns. Under this method, deferred tax assets and liabilities are based on the differences between the financial statement and tax bases of assets and liabilities using enacted tax rates in effect for the fiscal year in which the differences are expected to reverse. Deferred tax assets are reduced by a valuation allowance to the extent management concludes it is more likely than not that the assets will not be realized. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the fiscal years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the Statements of Income in the period that includes the enactment date.

The Company adopted section 740-10-25 of the FASB Accounting Standards Codification (“Section 740-10-25”) with regards to uncertainty income taxes. Section 740-10-25 addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under Section 740-10-25, the Company may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position should be measured based on the largest benefit that has a greater than fifty percent (50%) likelihood of being realized upon ultimate settlement. Section 740-10-25 also provides guidance on de-recognition, classification, interest and penalties on income taxes, accounting in interim periods and requires increased disclosures. The Company had no material adjustments to its liabilities for unrecognized income tax benefits according to the provisions of Section 740-10-25.

Stock-based Compensation

We account for equity-based transactions with nonemployees under the provisions of ASC Topic No. 505-50, Equity-Based Payments to Non-Employees (“ASC 505-50”). ASC 505-50 establishes that equity-based payment transactions with nonemployees shall be measured at the fair value of the consideration received or the fair value of the equity instruments issued, whichever is more reliably measurable. The fair value of common stock issued for payments to nonemployees is measured at the market price on the date of grant. The fair value of equity instruments, other than common stock, is estimated using the Black-Scholes option valuation model. In general, we recognize the fair value of the equity instruments issued as deferred stock compensation and amortize the cost over the term of the contract.

We account for employee stock-based compensation in accordance with the guidance of FASB ASC Topic 718, Compensation—Stock Compensation, which requires all share-based payments to employees, including grants of employee stock options, to be recognized in the financial statements based on their fair values. The fair value of the equity instrument is charged directly to compensation expense and credited to additional paid-in capital over the period during which services are rendered.

Basic Income (Loss) Per Share

Basic income (loss) per share is calculated by dividing the Company’s net loss applicable to common shareholders by the weighted average number of common shares during the period. Diluted earnings per share is calculated by dividing the Company’s net income available to common shareholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity. There are no such common stock equivalents outstanding as of January 31, 2016 and 2015.

Recent Accounting Pronouncements

The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company 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.

NOTE 3 – GOING CONCERN

The accompanying unaudited condensed consolidated financial statements are prepared using the generally accepted accounting principles applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. However, the Company has had no minimal revenue as of ~~January~~July 31, 2016 and has an accumulated deficit of $34,~~409~~692,~~647~~390. The Company currently has ~~limited~~negative working capital, and has not completed its efforts to establish a stabilized source of revenue sufficient to cover operating costs over an extended period of time.

Management anticipates that the Company will be dependent, for the near future, on additional investment capital to fund operating expenses. The Company intends to position itself so that it may be able to raise additional funds through the capital markets. In light of management’s efforts, there are no assurances that the Company will be successful in this or any of its endeavors or become financially viable and continue as a going concern.

NOTE 4 – INTANGIBLE ASSETS

Effective March 31, 2015, the Company finalized an asset purchase agreement with KZRP Partners. The assets purchased include software, intellectual property, code, processes and other software and processes known as “Coubox”. The purchase price is $150,000 to be paid with the issuance of 1,000,000 shares of common stock. As of ~~January~~July 31, 2016, the shares have not yet been issued and are therefore shown as a stock payable in the consolidated financial statements. The assets will be amortized over their estimated useful life of three years. As of July 31, 2016, management concluded that the Company was no longer receiving added value for the assets and decided to fully impair them, resulting in a loss on impairment of $95,829.

Assets stated at cost, less accumulated amortization consisted of the following:

	January 31, 2016			April 30, 2015
		July 31, 2016				April 30, 2016
Intangible asset	$	~~150,000~~$	150,000	$	~~150,000~~	$	150,000
Less: accumulated amortization		~~(41,670)~~	(54,171	)	~~(4,167)~~		(54,171	)
Intangible assets, net	$	108,330		$	145,833
Less: impairment			(95,829	)			-
Intangible assets, net		$	-			$	95,829

Amortization expense for the period ended July ~~January~~ 31, 2016 and 2015, was $~~37,503~~0 and $012,501, respectively.

NOTE 5 – ~~COMMON STOCK~~WARRANTS

On April 29, 2016, pursuant to the terms of a stock purchase agreement, the Company granted a warrant to purchase 2,000,000 shares of common stock. The warrant vested immediately upon grant. The aggregate fair value of the vested warrant totaled $141,197 based on the Black-Scholes-Merton pricing model using the following estimates: exercise price of $0.15, stock price of $0.09, 0.77% risk free rate, 194% volatility, and expected life of the warrant of 2 years.

	Shares Available to Purchase with Warrants		Weighted Average Price		Weighted Average Fair Value

Outstanding, April 30, 2016		2,000,000	$	0.15	$	0.07

Issued		-		-		-
Exercised		-		-		-
Cancelled		-		-		-
Expired		-		-		-
Outstanding, July 31, 2016		2,000,000	$	0.15	$	0.07

Exercisable, July 31, 2016		2,000,000	$	0.15	$	0.07

Range of Exercise Prices				Number Outstanding 7/31/2016				Weighted Average Remaining Contractual Life				Weighted Average Exercise Price
$	0.15				2,000,000				1.75 years			$	0.15

NOTE 6 – COMMON STOCK

On January 14, 2016, the Company increased the authorized capital stock from 250 million shares of common stock to 950 million shares of common stock.

On January 19, 2016, the Company issued 14,000,000 shares of common stock to a director, for director and consulting services. The shares were valued at the closing price on the date of grant for total non-cash expense of $1,365,000.

On January 19, 2016, the Company issued 14,100,000 shares of common stock for consulting services. The shares were valued at the closing price on the date of grant for total non-cash expense of $1,~~352~~353,~~000~~002.

~~NOTE~~On February 61, –2016, ~~PREFERRED~~50,000,000 ~~STOCK~~shares of common stock were issued to Leagoo Canada Inc. (“Leagoo”). Leagoo is owned by Muhammad Afzal Khan, a Director and Director of Business Development. The shares were issued as payment for an invoice for the purchase of inventory. The inventory was delivered subsequent to July 31, 2016 so the purchase price of $1,438,491 has been debited prepaid inventory.

During the year ended April 30, 2016, the Company sold 7,600,000 shares of common stock for total cash proceeds of $378,606.

During the year ended April 30, 2016, the Company converted $384,593 of related party debt into 120,941,105 shares of common stock. No gain or loss was recognized on the conversion.

During the three months ended July 31, 2016, the Company issued 3,500,000 shares of common stock for services. The shares were values at $0.05 for total noncash expense of $175,000.

On June 1, 2016, the Company sold 250,000 shares of common stock for total proceeds of $250,000. As of July 31, 2016, the shares have not yet been issued by the transfer agent so have been credited to common stock payable.

NOTE 7 – PREFERRED STOCK

On January 14, 2016, the Company created a new class of 10,000,000 shares of preferred stock, par value $0.00001.

On January 20, 2015, the Company filed a Certificate of Designation of Series A Preferred Stock with the Nevada Secretary of State designating 1,000,000 of the Company's previously authorized preferred stock. Each share of Series A Preferred Stock entitles the holder thereof to one thousand votes per share on all matters to be voted on by the holders of the Company’s common stock and is not convertible into any shares of the Company's common stock. With respect to rights on liquidation, dissolution or winding up, shares of Series A Preferred Stock rank on a parity with the Company's common stock.

On January 25, 2016, the Company authorized the issuance of 500,000 shares of Series A Preferred Stock to its Chairman and CEO. The shares were valued at $0.001 as there is no active market for the preferred stock and they are not convertible to common. The issuance of the Series A Preferred was made in consideration for services provided to the Company for total non-cash compensation of $500.

On January 25, 2016, the Company authorized the issuance of 500,000 shares of Series A Preferred Stock to a consultant. The shares were valued at $0.001 as there is no active market for the preferred stock and they are not convertible to common. The issuance of the Series A Preferred was made in consideration for services provided to the Company for total non-cash compensation of $500.

NOTE 7 – LOAN PAYABLE

During the nine months ended January 31, 2016, a third party made a series of loans to the company for a total due of $154,578. The loans are unsecured, non-interest bearing and due on demand. On November 1, 2015, the terms of the note were renegotiated to include a 12% interest rate per annum. As of January 31, 2016 there is $5,063 of accrued interest due.

NOTE 8 – RELATED PARTY TRANSACTIONS

On February 1, 2016, 50,000,000 shares of common stock were issued to Leagoo Canada Inc. (“Leagoo”). Leagoo is owned by Muhammad Afzal Khan, a Director and Director of Business Development. The shares were issued as payment for an invoice for the purchase of inventory. The inventory was delivered subsequent to July 31, 2016 so the purchase price of $1,438,491 has been debited prepaid inventory.

Loans Payable

As of July 31, 2016 and April 30, ~~2015~~2016, the ~~CEO~~Company ~~and~~owed companies owned by ~~the~~Michael ~~CEO~~A. ~~advanced~~Paul, ~~the~~CEO ~~Company~~ a total of $~~260~~168,~~776~~978 and $180,675, respectively. Funds were advanced to pay for legal, auditing, consulting fees and other general operating costs. The advances are unsecured, ~~non-~~bear interest ~~bearing~~at 12% and due on demand. In March 2016, $230,015 was converted into 72,331,800 shares of common stock. As of April 30, 2016 there is $16,372 of accrued interest still due.

~~During~~On May ~~the~~15, ~~nine~~2016, ~~months~~the ~~ended~~Company ~~January~~executed ~~31,~~a ~~2016,~~Loan ~~companies~~Agreement ~~owned~~with byKZRP ~~the~~Development ~~CEO~~Partner, ~~advanced~~Inc., ~~the~~a ~~Company~~related anparty. ~~additional~~The ~~$62,595,~~loan is for a ~~total~~revolving line ~~amount~~of ~~due~~credit ofwith ~~$323,371.~~no ~~The~~amount ~~advances~~specified. ~~are~~It is unsecured, non-interest bearing and due on demand. As of July 31, 2016, the balance due on this loan is $7,817.

On June 14,2016, the Company executed a Loan Agreement with La Joya Minerals, Inc., a related party, for $31,500. The loan is unsecured, non-interest bearing and due on demand. As of July 31, 2016, the balance due on this loan is $31,500.

The Company has a service agreement with Steve Katmarian, an independent contractor, to provide consulting services for $15,000 a month. As of July 31, 2016, and April 30, 2016, the Company owed Mr. Katmarian $52,982 and $45,000, respectively.

During the year ended April 30, 2016, Steve Katmarian an independent contractor for the Company, made a series of loans to the Company for a total due of $154,578. The loans accrued interest at 12%, were unsecured, non-interest bearing and due on demand. In March 2016, the $154,578 was converted into 48,609,305 shares of common stock. As of July 31, 2016, there is $10,142 of accrued interest still due.

The above amounts are not necessarily indicative of the amounts that would have been incurred had a comparable transaction been entered into with independent parties.

NOTE 9 – COMMITMENTS

Operating Leases

The Company currently leases three units in Oakville, Ontario, Canada. The first unit was leased on February 1, 2015. Monthly rent is $1,850 plus additional charges for utilities and other office expense. The second unit was leased on November 1, 2015. Monthly rent is $2,947 plus additional charges for utilities and other office expense. The third unit was leased on January 1, 2016. Monthly rent is $3,453 plus additional charges for utilities and other office expense. All lease agreements are on a month to month basis.

NOTE 10 – SUBSEQUENT EVENTS

In accordance with SFAS 165 (ASC 855-10) management has performed an evaluation of subsequent events through the date that the consolidated financial statements were available to be issued, ~~March 10, 2016~~ and through the date of the filing, and has determined that it does not have any material subsequent events to disclose in these consolidated financial statements other than the following.

OnSubsequent to ~~February~~July 131, 2016, the ~~Board~~Company ~~approved~~setup ~~the~~a ~~issuance~~wholly ofowned 50subsidiary. 2440499 Ontario Inc.,~~000~~ was incorporated on November 3,~~000~~ ~~shares~~2014 ofand ~~common~~was acquired ~~stock~~by Mobile Lads on Dec 01, 2016. Financial information was not available for the ~~purchase~~company; oftherefore, ~~inventory~~the Company was unable to provide proforma financial statements.

ITEM 2: MANAGEMENT’S DISCUSSION AND ANALYSIS AND PLAN OF OPERATION

The following discussion of our financial condition and results of operations should be read in conjunction with the financial statements and related notes to the financial statements included elsewhere in this filing as well as with Management’s Discussion and Analysis or Plan of Operations contained in the Company’s Report on Form 10-K, for the year ended April 30, 2015, filed on August 13, 2015 with the Securities and Exchange Commission.

Forward Looking Statements

Statements made in this Form 10-Q that are not historical or current facts are "forward-looking statements" made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 (the "Act") and Section 21E of the Securities Exchange Act of 1934. These statements often can be identified by the use of terms such as "may," "will," "expect," "believe," "anticipate," "estimate," "approximate" or "continue," or the negative thereof. We intend that such forward-looking statements be subject to the safe harbors for such statements. We wish to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Any forward-looking statements represent management's best judgment as to what may occur in the future. However, forward-looking statements are subject to risks, uncertainties and important factors beyond our control that could cause actual results and events to differ materially from historical results of operations and events and those presently anticipated or projected. We disclaim any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statement or to reflect the occurrence of anticipated or unanticipated events.Products

~~Plan~~Mobile marketing encompasses many different types of ~~Operations~~marketing techniques and strategies that help businesses increase profits and ROI (Return on Investment). The most popular forms of mobile marketing today are: mobile-friendly websites, SMS Text Message Marketing, QR (Quick Response) Codes and Mobile apps.

Our business is advertising of products and services using SMS technology. We believe that traditional advertising has been undergoing a shift from being dominant; and mobile advertising is quickly becoming one of the most effective ways to reach target audiences anytime and anywhere.

We intend to offer the following services:

·● Mobile-friendly websites: A mobile optimized website is a website that is designed specifically for smartphones, not a desktop computer. This is important because the small screen is much different than a 17" screen. Mobile screen real estate is smaller and must be used much more strategically.

~~Mobile-friendly~~● ~~websites:~~ A mobile optimized website isdoesn't arequire ~~website~~that someone scroll left/right. It doesn't require that issomeone ~~designed~~pinch ~~specifically~~and ~~for~~zoom ~~smartphones~~to read text, ~~not~~either. On a ~~desktop~~mobile ~~computer.~~site, ~~This~~the navigation is ~~important~~built ~~because~~for efficiency, the ~~small~~images ~~screen~~are isoptimized ~~much~~for ~~different~~quick ~~than~~loading aand ~~17"~~the ~~screen~~content is minimized to be most effective. ~~Mobile~~Additionally, ~~screen~~mobile-only ~~real~~functionality ~~estate~~includes istap-to-call, ~~smaller~~tap-to-email and ~~must~~tap befor ~~used~~Google Maps functionality, that respectfully allows mobile site visitors to call, send an email or show business location on an integrated Google maps application with only one click, without need to punch numbers or letters one by one, making it much more ~~strategically~~efficient and useful for a mobile website visitor.

·● SMS text message marketing: Sending marketing offers through cellphones SMS (Short Message Service) that enable targeted marketing in the last minute. The Mobile Lads system relies on SMS technology with no real application needed in the mobile device. Only basic SMS support is required which is present in every mobile phone. From the users point of view the advertisement procedure starts when the user receives a Mobile Lads SMS ad with the advertised product, information and product identification code. The user then simply presents the product identification code at the register at the point of sale to receive mentioned discount or special offer.

● QR (Quick Response) codes: A ~~mobile~~QR ~~optimized~~code ~~website~~(quick ~~doesn't~~response ~~require~~code) ~~that~~is ~~someone~~a ~~scroll~~type ~~left/right. It~~of ~~doesn't~~2D ~~require~~bar code that ~~someone~~is ~~pinch~~used ~~and~~to ~~zoom~~provide toeasy ~~read~~access ~~text,~~to ~~either.~~information Onthrough a ~~mobile~~smartphone ~~site,~~application ~~the~~that ~~navigation~~ is ~~built~~designed ~~for~~to ~~efficiency,~~read ~~the~~that ~~images~~bar ~~are~~code ~~optimized~~working ~~for~~in ~~quick~~conjunction ~~loading~~with ~~and~~ the ~~content~~phone's iscamera. ~~minimized~~The toreader beinterprets ~~most~~the ~~effective. Additionally~~code, ~~mobile-only~~which ~~functionality~~typically ~~includes~~contains ~~tap-to-~~a call, ~~tap-~~to~~-email~~ ~~and~~action ~~tap~~such ~~for~~as ~~Google~~an ~~Maps~~invitation ~~functionality,~~to ~~that~~download ~~respectfully~~a ~~allows~~ mobile ~~site~~application, ~~visitors~~a link to ~~call,~~view ~~send~~a anvideo ~~email~~ or ~~show~~an ~~business~~SMS ~~location~~message oninviting anthe ~~integrated~~viewer ~~Google~~to ~~maps~~respond ~~application~~to ~~with~~a ~~only~~poll. ~~one~~The ~~click,~~phone's ~~without~~owner ~~need~~can choose to ~~punch~~act ~~numbers~~upon orthe ~~letters~~call ~~one~~to byaction ~~one,~~or ~~making~~click itcancel ~~much more efficient~~ and ~~useful~~ignore ~~for~~the ~~a mobile website visitor~~invitation.

·We are not involved in developing a web based management system for our operations. We intend to use third party applications for our needs. We signed a web based terms and services agreement with Twilio Inc., and would act as a reseller of Twilio Inc services, (SMS messaging services). Twilio Inc itself does not work with retail businesses. It works only with marketers/resellers, who buy their credits/SMS in bulk.

SMS text message marketing: Sending marketing offers through cellphones SMS (Short Message Service) that enable targeted marketing in the last minute. The Mobile Lads system relies on SMS technology with no real application needed in the mobile device. Only basic SMS support is required which is present in every mobile phone. From the users point of view the advertisement procedure starts when the user receives a Mobile Lads SMS ad with the advertised product, information and product identification code. The user then simply presents the product identification code at the register at the point of sale to receive mentioned discount or special offer.9

·Results of Operations for the three months ended July 31, 2016 and 2015

QR (Quick Response) codes: A QR code (quick response code) is a type of 2D bar code that is used to provide easy access to information through a smartphone application that is designed to read that bar code working in conjunction with For the ~~phone's~~three ~~camera.~~months ~~The~~ended ~~reader~~July ~~interprets the code~~31, ~~which~~2016 ~~typically~~we ~~contains~~recognized arevenue ~~call~~of ~~to action such as an invitation to download a mobile application~~$4,474 acompared ~~link~~ to ~~view~~$0 afor ~~video or an SMS message inviting~~ the ~~viewer~~three tomonths ~~respond~~ended toJuly a31, ~~poll~~2015. ~~The phone's owner can choose to act upon the call to action or click cancel and ignore the invitation.~~

WeGeneral ~~are~~and ~~not~~administrative ~~involved~~expense inincreased $29,733 ~~developing a web based management system for our operations. We intend~~ to ~~use~~$60,587 ~~third party applications~~ for ~~our~~the ~~needs.~~three Wemonths ~~signed~~ended aJuly ~~web~~31, ~~based~~2016 ~~terms~~from ~~and services agreement with Twilio Inc.~~$30,854 ~~and~~for ~~would~~the ~~act~~three asmonths aended ~~reseller~~July ~~of Twilio Inc. services~~31, ~~(SMS messaging services)~~2015. ~~Twilio~~The ~~Inc.~~increase in ~~itself~~general ~~does~~and ~~not~~administrative ~~work~~expense ~~with~~is ~~retail~~attributed ~~businesses.~~to Itan ~~works~~increase ~~only~~in ~~with~~rent ~~marketers/resellers,~~expense ~~who~~and ~~buy~~other ~~their~~general ~~credits/SMS~~operating ~~in bulk~~costs.

10Consulting expense increased $330,615 to $330,615 for the three months ended July 31, 2016 from $0 for the three months ended July 31, 2015. During the current period the company granted 3,500,000 shares of common stock for consulting services for total non-cash expense of $175,000. In addition, the increase in consulting expense is in conjunction with the general increase in business activity as the Company prepared to bring product to market.

~~Results~~Officer compensation ofexpense ~~Operations~~increased $110,694 to $106,194 for the three months ended ~~January~~July 31, 2016 ~~and~~from $4,500 for the three months ended July 31, 2015. The increase is due to compensation agreements that have been executed for officer who are spending a significant amount of more time on the Company then in the prior period.

WeProfessional fees ~~did~~increased ~~not~~$137,363 ~~generate~~to ~~any~~$144,697 ~~revenues~~ for the three months ended ~~January~~July 31, 2016 ~~and~~from $7,334 for the three months ended July 31, 2015. Professional fees consist mostly of costs for accounting, audit and legal services. The increase is attributed to an increase in legal fees associated with SEC filings. The increase can be attributed to increased audit and additional consulting services.

~~General~~Our ~~and~~net ~~administrative~~loss ~~expense increased $118,026 to $158,435~~ for the three months ended July ~~January~~ 31, 2016 ~~from~~was $40733,~~409~~683 compared to $42,688 for the three months ended ~~January~~July 31, 2015. The increase in ~~general~~net ~~and~~loss ~~administrative~~is ~~expense~~a isdirect result ~~mainly~~of ~~attributed~~the tostock anissued for services, the increase in ~~rent,~~general ~~compensation~~and administrative expenses and ~~amortization~~the ~~expense~~$95,829 loss on impairment.

Consulting expense increased $2,028,875 to $2,028,875 for the three months ended January 31, 2016 from $0 for the three months ended January 31, 2015. During the current period the company granted 21,100,000 shares of common stock and 1,000,000 shares of Preferred Series A stock for consulting services for total non-cash expense of $2,017,000 and $1,000, respectively.

Professional fees increased $8,604 to $17,800 for the three months ended January 31, 2016 from $9,196 for the three months ended January 31, 2015. Professional fees consist mostly of costs for accounting, audit and legal services. The increase is attributed to an increase in legal fees associated with SEC filings.

Our net loss for the three months ended January 31, 2016 was $2,210,173 compared to $49,605 for the three months ended January 31, 2015. The increase in net loss is a direct result of the stock issued for services and the increase in general and administrative expenses.

Results of Operations for the nine months ended January 31, 2016 and 2015

We did not generate any revenues for the nine months ended January 31, 2016 and 2015.

General and administrative expense decreased $42,708 to $258,697 for the nine months ended January 31, 2016 from $215,989 for the nine months ended January 31, 2015. In the prior period the Company incurred expense for adverting and marketing which it did not have again in the current period.

Consulting expense increased $2,762,643 to $2,762,643 for the nine months ended January 31, 2016 from $0 for the nine months ended January 31, 2015. During the current period the company granted 28,100,000 shares of common stock and 1,000,000 shares of Preferred Series A stock for consulting services for total non-cash expense of $2,717,000 and $1,000, respectively.

Professional fees increased $25,894 to $62,466 for the nine months ended January 31, 2016 from $36,572 for the nine months ended January 31, 2015. Professional fees consist mostly of costs for accounting, audit and legal services. The increase is attributed to an increase in legal fees associated with SEC filings.

Our net loss for the nine months ended January 31, 2016 was $3,088,869 compared to $252,561 for the nine months ended January 31, 2015. The increase in net loss is a direct result of the stock issued for services.

Liquidity and Capital Resources

Cash Flows from Operating Activities

We have not generated positive cash flows from operating activities. For the ~~nine~~three months ended ~~January~~July 31, 2016, net cash flows used in operating activities was $~~217~~368,~~173~~149 compared to $~~244~~41,~~622~~128 for the ~~nine~~three months ended ~~January~~July 31, 2015.

Cash Flows from Financing Activities

We have financed our operations primarily from either cash advances from officers, directors and other related parties or the issuance of equity. For the ~~nine~~three months ended ~~January~~July 31, 2016, cash flows from financing activities was $~~217~~275,~~173~~815 compared to $~~244~~41,~~622~~439 for the ~~nine~~three months ended ~~January~~July 31, 2015.

WeGiven that ~~expect~~we ~~that~~have ~~working~~not ~~capital~~achieved significant profitable operations to date, our cash requirements ~~will~~are ~~continue~~subject to benumerous ~~funded~~contingencies and ~~through~~risk afactors ~~combination~~beyond ofour ~~loans~~control, including operational and ~~further~~development ~~issuances~~risks, ofcompetition ~~securities~~from well-funded competitors and our ability to manage growth. ~~Our~~We ~~working~~can ~~capital~~offer ~~requirements~~no ~~are~~assurance ~~expected~~that we will generate cash flow sufficient to ~~increase~~achieve inprofitable ~~line~~operations or ~~with~~that ~~the~~our ~~growth~~expenses ofwill not exceed our ~~business~~projections. If our expenses exceed estimates, we will require additional monies during the next twelve months.

~~Additional~~We will ~~cash~~be ~~advances~~required ~~and~~to ~~debt~~raise ~~instruments,~~substantial ~~and~~capital ~~anticipated cash flow are expected~~ to ~~be adequate to~~ fund our ~~operations~~capital ~~over~~expenditures, ~~the~~working ~~next three months. We have no lines of credit or other bank financing arrangements. Generally~~capital, ~~we have financed operations to date through the proceeds of the private placement of equity~~ and ~~debt~~other ~~instruments. In~~cash ~~connection~~requirements ~~with~~ since our ~~business~~current ~~plan,~~cash ~~management~~assets ~~anticipates~~are ~~additional~~exhausted ~~increases~~and inrevenues ~~operating~~are ~~expenses~~not ~~and~~yet ~~capital~~sufficient ~~expenditures relating~~ to: ~~(i)~~sustain ~~acquisition~~our ~~of inventory; (ii) developmental expenses associated with a start-up business; and (iii) marketing expenses~~operations. We ~~intend to finance these expenses with further issuances of securities, and debt issuances. Thereafter, we expect we~~ will need to ~~raise~~seek ~~additional~~other financing ~~capital and generate revenues~~ to ~~meet~~complete ~~long-term operating requirements. Additional issuances of equity or convertible debt securities will result in dilution to~~ our ~~current~~business ~~shareholders~~plans. ~~Further,~~The ~~such~~successful ~~securities~~outcome ~~might~~of ~~have~~future ~~rights, preferences or privileges senior to our common stock. Additional~~ financing ~~may~~activities ~~not~~cannot be ~~available~~determined ~~upon acceptable terms, or~~ at ~~all.~~this Iftime and ~~adequate~~there ~~funds~~ are ~~not~~no ~~available~~assurances orthat, ~~are~~if ~~not available on acceptable terms~~achieved, we ~~may~~will ~~not~~have besufficient ~~able~~funds to ~~take~~execute ~~advantage~~our ofintended ~~prospective new~~ business ~~endeavors~~plan or ~~opportunities,~~generate positive ~~which~~operational ~~could~~results. ~~significantly~~There ~~and~~is ~~materially~~no ~~restrict~~assurance ~~our~~that ~~business~~we ~~operations. We~~ will ~~have~~be able to ~~raise~~obtain additional ~~funds~~financing inthrough ~~the~~private ~~next~~placements and/or ~~twelve~~public ~~months~~offerings innecessary ~~order~~ to ~~sustain~~support ~~and~~our ~~expand~~working ~~our~~capital ~~operations~~requirements. WeTo ~~currently~~the doextent ~~not~~that ~~have~~funds agenerated ~~specific~~from ~~plan~~any ofprivate placements ~~how~~and/or wepublic ~~will~~offerings ~~obtain~~are ~~such funding; however~~insufficient, we ~~anticipate that additional funding~~ will ~~be in the form of equity financing from the sale of our common stock. We~~ have ~~and will continue~~ to ~~seek~~raise toadditional ~~obtain~~working ~~short-term~~capital ~~loans~~through ~~from~~other ~~our directors~~sources, ~~although~~such as nobank ~~future arrangement for additional~~ loans ~~has~~and/or ~~been made~~financings. WeNo doassurance ~~not~~can ~~have~~be ~~any~~given ~~agreements~~that ~~with~~additional ~~our~~financing ~~directors~~will ~~concerning~~be ~~these~~available, ~~loans.~~or Weif doavailable, ~~not~~will be ~~have~~on ~~any~~acceptable ~~arrangements in place for any future equity financing~~terms.

Off-Balance Sheet Arrangements

None

Going Concern

The accompanying unaudited condensed consolidated financial statements are prepared using the generally accepted accounting principles applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. However, the Company has had no minimal revenue as of ~~January~~July 31, 2016 and has an accumulated deficit of $34,~~409~~692,~~647~~390. The Company currently has ~~limited~~negative working capital, and has not completed its efforts to establish a stabilized source of ~~revenues~~revenue sufficient to cover operating costs over an extended period of time.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

Not applicable.

ITEM 4. CONTROLS AND PROCEDURES

Our management is responsible for establishing and maintaining a system of disclosure controls and procedures (as defined in Rule 13a-15(e) and 15d-15(e) under the Exchange Act) that is designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the Commission’s rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by an issuer in the reports that it files or submits under the Exchange Act is accumulated and communicated to the issuer’s management, including its principal executive officer or officers and principal financial officer or officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.

An evaluation was conducted under the supervision and with the participation of our CEO and CFO of the effectiveness of the design and operation of our disclosure controls and procedures as of July 31, 2016. Based on that evaluation, our management concluded that our disclosure controls and procedures were not effective as of such date to ensure that information required to be disclosed in the reports that we file or submit under the Exchange Act, is recorded, processed, summarized and reported within the time periods specified in SEC rules and forms. Such officer also confirmed that there was no change in our internal control over financial reporting during the three-month period ended July 31, 2016 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

PART II. OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

Management is not aware of any legal proceedings contemplated by any governmental authority or any other party involving us or our properties. As of the date of this Quarterly Report, no director, officer or affiliate is (i) a party adverse to us in any legal proceeding, or (ii) has an adverse interest to us in any legal proceedings. Management is not aware of any other legal proceedings pending or that have been threatened against us or our properties.

ITEM 1A. RISK FACTORS

A smaller reporting company is not required to include this item.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

During the three months ended July 31, 2016, the Company issued 3,000,000 shares of common stock for services. The shares were values at $0.05 for total noncash expense of $175,000.

On June 1, 2016, the Company sold 250,000 shares of common stock for total proceeds of $250,000.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None

ITEM 4. MINE SAFETY DISCLOSURES

Not applicable.

ITEM 5. OTHER INFORMATION

None

ITEM 6. EXHIBITS

Exhibit Number		Exhibit Description
31.1		Certification of the Chief Executive Officer Pursuant to Rule 13a-14 or 15d-14 of the Exchange Act pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
31.2		Certification of the Chief Financial Officer Pursuant to Rule 13a-14 or 15d-14 of the Exchange Act pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
32.1		Certification of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
32.2		Certification of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
EX-101.INS		XBRL Instance Document
EX-101.SCH		XBRL Taxonomy Extension Schema
EX-101.CAL		XBRL Taxonomy Extension Calculation Linkbase
EX-101.LAB		XBRL Taxonomy Extension Label Linkbase
EX-101.PRE		XBRL Taxonomy Extension Presentation Linkbase
EX-101.DEF		XBRL Taxonomy Extension Definition Linkbase

~~ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.~~SIGNATURES

~~Not~~Pursuant to ~~applicable~~the requirements of Section 13 or 15(d) of the Exchange Act, the Registrant has duly caused this Report to be signed on its behalf by the undersigned thereunto duly authorized.

ITEM 4. CONTROLS AND PROCEDURES

	MOBILE LADS CORP.

	By:	/s/ Michael Anthony Paul
Date: January 18, 2018		Michael Anthony Paul
		President, Chief Executive Officer,
		Director

~~Our~~Pursuant to ~~management~~the isrequirements ~~responsible for establishing and maintaining a system~~ of ~~disclosure controls and procedures (as defined in Rule 13a-15(e) and 15d-15(e) under~~ the Exchange Act) ~~that~~this isReport ~~designed~~has tobeen ~~ensure~~signed ~~that~~below ~~information required to be disclosed~~ by ~~us in~~ the ~~reports~~following ~~that~~persons weon ~~file~~behalf orof ~~submit under~~ the ~~Exchange Act is recorded, processed, summarized~~ registrant and ~~reported, within the time periods specified~~ in the ~~Commission’s~~capacities ~~rules~~ and ~~forms.~~on ~~Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by an issuer in~~ the ~~reports~~dates that it files or submits under the Exchange Act is accumulated and communicated to the issuer’s management, including its principal executive officer or officers and principal financial officer or officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosureindicated.

An evaluation was conducted under the supervision and with the participation of our management of the effectiveness of the design and operation of our disclosure controls and procedures as of January 31, 2016. Based on that evaluation, our management concluded that our disclosure controls and procedures were not effective as of such date to ensure that information required to be disclosed in the reports that we file or submit under the Exchange Act, is recorded, processed, summarized and reported within the time periods specified in SEC rules and forms. Such officer also confirmed that there was no change in our internal control over financial reporting during the nine-month period ended January 31, 2016 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

Signature	Title	Date

/s/ Michael Anthony Paul	President, Chief Executive Officer,	January 18, 2018
Michael Anthony Paul	Director

/s/ Alpha Pang	Chief Financial Officer, Director,	January 18, 2018
Alpha Pang	Secretary, Treasurer

~~PART II. OTHER INFORMATION~~13

ITEM 1. LEGAL PROCEEDINGS

ITEM 1A. RISK FACTORS

A smaller reporting company is not required to include this item.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

On January 19, 2016, the Company issued 14,000,000 shares of common stock to a director for services. The shares were valued at the closing price on the date of grant for total non-cash expense of $1,365,000.

On January 19, 2016, the Company issued 14,100,000 shares of common stock for services. The shares were valued at the closing price on the date of grant for total non-cash expense of $1,352,000.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None

ITEM 4. MINE SAFETY DISCLOSURES

Not applicable.

ITEM 5. OTHER INFORMATION

None

ITEM 6. EXHIBITS

Exhibit Number	Exhibit Description
31.1	Certification of the Chief Executive Officer Pursuant to Rule 13a-14 or 15d-14 of the Exchange Act pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
31.2	Certification of the Chief Financial Officer Pursuant to Rule 13a-14 or 15d-14 of the Exchange Act pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
32.1	Certification of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
32.2	Certification of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
EX-101.INS	XBRL Instance Document
EX-101.SCH	XBRL Taxonomy Extension Schema
EX-101.CAL	XBRL Taxonomy Extension Calculation Linkbase
EX-101.LAB	XBRL Taxonomy Extension Label Linkbase
EX-101.PRE	XBRL Taxonomy Extension Presentation Linkbase
EX-101.DEF	XBRL Taxonomy Extension Definition Linkbase

SIGNATURES

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

	MOBILE LADS CORP.
	By: /s/ Michael Anthony Paul
Date: March 14, 2016	Michael Anthony Paul
	President, Chief Executive Officer,
	Director

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

Signature	Title	Date
/s/ Michael Anthony Paul	President, Chief Executive	March 14, 2016
Michael Anthony Paul	Officer, Director
/s/ Alpha Pang	Chief Financial Officer, Director, Secretary, Treasurer	March 14, 2016
Alpha Pang

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