UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

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

For the Quarterly Period Ended ~~September 30~~March 31, ~~2019~~2020

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

For the transition period from ______________ to ______________

Commission File No. 000-55670

Monetiva Inc.

(Exact name of small business issuer as specified in its charter)

DELAWARE		81-3495101
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)

~~4695 MacArthur~~5000 ~~Court~~Birch Street, West Tower, Suite ~~450~~3000

Newport Beach, CA 92660

(Address of principal executive offices)

(949) ~~387~~ 260-~~9799~~2085

(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 that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ~~☐ No~~ ☒ No ☐

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

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

Large accelerated filer	☐	Accelerated filer	☐
Non-accelerated filer	☐	Smaller reporting company	☒
		Emerging growth company	☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☒

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

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, $0.0001 par value per share

The number of shares of Common Stock, $0.0001 par value, of the registrant outstanding at ~~January~~May 37, 2020 was 26,~~611~~944,~~264~~598.

TABLE OF CONTENTS

		Page No.
PART I.		1
Item 1. Financial Statements.		1
Condensed Balance Sheets as of September 30, 2019 (Unaudited) and December 31, 2018		1
Condensed Balance Sheets as of March 31, 2020 (Unaudited) and December 31, 2019		1
Condensed Statements of Operations for the Three Months and Nine Months ended September 30, 2019 and 2018 (Unaudited)		2
Condensed Statements of Operations for the Three Months ended March 31, 2020 and 2019 (Unaudited)		2
Condensed Statements of Stockholders’ Equity (Deficit) for the Three Months and Nine Months ended September 30, 2019 and 2018 (Unaudited)		3
Condensed Statements of Stockholders’ Equity for the Three Months ended March 31, 2020 and 2019 (Unaudited)		3
Condensed Statements of Cash Flows for the Nine Months ended September 30, 2019 and 2018 (Unaudited)		4
Condensed Statements of Cash Flows for the Three Months ended March 31, 2020 and 2019 (Unaudited)		4
Notes to Unaudited Condensed Financial Statements		5
Item 2. Management’s Discussion and Analysis or Plan of Operation		1311
Item 3. Quantitative and Qualitative Disclosures About Market Risks.		1716
Item 4. Controls and Procedures		1716
PART II.		1918
Item 1. Legal Proceedings.		1918
Item 1A. Risk Factors.		1918
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.		1918
Item 3. Defaults Upon Senior Securities.		1918
Item 4. Mine Safety Disclosures.		1918
Item 5. Other Information.		1918
Item 6. Exhibits.		19
SIGNATURES		20
EXHIBIT INDEX		21

FORWARD-LOOKING STATEMENTS

This Quarterly Report on Form 10-Q (“Form 10-Q”) contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are “forward-looking statements” for purposes of federal and state securities laws, including, but not limited to, any projections of earnings, revenue or other financial items; any statements of the plans, strategies and objectives of management for future operations; any statements concerning proposed new products or developments; any statements regarding future economic conditions or performance; any statements of belief; and any statements of assumptions underlying any of the foregoing. Although we believe that the expectations reflected in any of our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Our future financial condition and results of operations, as well as any forward-looking statements, are subject to change and inherent risks and uncertainties.

Forward-looking statements may include the words “may,” “could,” “will,” “estimate,” “intend,” “continue,” “believe,” “expect,” “desire,” “goal,” “should,” “objective,” “seek,” “plan,” “strive” or “anticipate,” as well as variations of such words or similar expressions, or the negatives of these words. These forward-looking statements present our estimates and assumptions only as of the date of this Form 10-Q. Except for our ongoing obligation to disclose material information as required by the federal securities laws, we do not intend, and undertake no obligation, to update any forward-looking statement. We caution readers not to place undue reliance on any such forward-looking statements. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual outcomes will likely vary materially from those indicated.

PART I.

Item 1. Financial Statements.

MONETIVA INC.

CONDENSED BALANCE SHEETS

	September 30, 2019			December 31, 2018
	March 31, 2020			December 31, 2019
	(UNAUDITED)
ASSETS
Current Assets
Cash	$	~~530~~285,~~616~~692		$	10253,~~039~~100
Prepaid expenses		~~847~~1,127,780			~~350~~1,~~480~~017,280
Rent deposits		4025,~~136~~000			25,~~136~~000
Other current assets		11,572			-
Total Current Assets		1,438,472			1,295,380
Total Current Assets		1,430,104			385,655
Total Assets	$	1,438,472		$	1,295,380
Right of use asset		23,142			-
Total Assets	$	1,453,246		$	385,655
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities
Accrued liabilities	$	~~100~~93,~~756~~416		$	~~137~~77,~~609~~474
Accrued payroll - officer		~~236~~351,~~910~~255			78291,~~260~~360
Deferred rent		-			7,960
Total Current Liabilities		444,671			368,834
Operating lease liability		24,722			-
Total Liabilities		444,671			368,834
Loan payable		-			55,000
Payable to officer		-			400
Total Current Liabilities		362,388			279,229
Total Liabilities		362,388			279,229
Commitments and Contingencies
Stockholders’ Equity
Preferred stock, $0.0001 par value, 20,000,000 shares authorized; none issued and outstanding at September 30, 2019 and December 31, 2018, respectively		-			-
Preferred stock, $0.0001 par value, 20,000,000 shares authorized; none issued and outstanding at March 31, 2020 and December 31, 2019, respectively		-			-
Common stock, $0.0001 par value, 100,000,000 shares authorized; 22,866,000 shares and 8,000,000 shares issued and outstanding at September 30, 2019 and December 31, 2018, respectively		2,287			800
Common stock, $0.0001 par value, 100,000,000 shares authorized; 26,644,598 shares and 26,611,264 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively		2,664			2,661
Additional paid-in capital		12,~~254~~495,~~525~~899			42,~~312~~425,902
Stock subscriptions received in advance		1200,~~171,752~~000			~~690,500~~-
Stock subscriptions receivable		(~~200~~130,000	)		-(130,000	)
Accumulated deficit		(1,~~137~~574,~~706~~762	)		(~~589~~1,~~186~~372,017	)
Total Stockholders’ Equity		1993,~~090,858~~801			~~106~~926,~~426~~546
Total Liabilities and Stockholders’ Equity	$	1,~~453~~438,~~246~~472		$	~~385~~1,~~655~~295,380

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

MONETIVA INC.

CONDENSED STATEMENTS OF OPERATIONS

(UNAUDITED)

	For the Three Months Ended
	March 31, 2020			March 31, 2019
	(UNAUDITED)			(UNAUDITED)

Revenue	$	-		$	-

Cost of Revenue		-			-

Gross Profit		-			-

Operating Expenses
General and administrative		202,745			138,693
Total Operating Expenses		(202,745	)		(138,693	)

Other Income
Rental income		-			12,385
Total Other Income		-			12,385

Loss before Income Taxes		(202,745	)		(126,308	)

Provision for Income Tax		-			-

Net Loss	$	(202,745	)	$	(126,308	)

Loss per Share - Basic and Diluted	$	(0.01	)	$	(0.01	)

Weighted Average Shares Outstanding - Basic and Diluted		26,615,293			20,361,289

	For the Three Months Ended						For the Nine Months Ended
	September 30, 2019			September 30, 2018			September 30, 2019			September 30, 2018
	(UNAUDITED)			(UNAUDITED)			(UNAUDITED)			(UNAUDITED)
Revenue	$	-		$	-		$	-		$	-
Cost of Revenue		-			-			-			-
Gross Profit		-			-			-			-
Operating Expenses
General and administrative		261,286			132,580			598,608			374,796
Total Operating Expenses		(261,286	)		(132,580	)		(598,608	)		(374,796	)
Other Income (Expenses)
Interest expense		-			(160	)		-			(160	)
Rental income		18,851			-			50,088			-
Total Other Income (Expense)		18,851			(160	)		50,088			(160	)
Loss before Income Taxes		(242,435	)		(132,740	)		(548,520	)		(374,956	)
Provision for Income Tax		-			-			-			-
Net Loss	$	(242,435	)	$	(132,740	)	$	(548,520	)	$	(374,956	)
Loss per Share - Basic and Diluted	$	(0.01	)	$	(0.02	)	$	(0.02	)	$	(0.05	)
Weighted Average Shares Outstanding - Basic and Diluted		22,813,826			8,000,000			21,956,022			8,000,000

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

~~The accompanying notes are an integral part of these unaudited condensed financial statements.~~2

2MONETIVA INC.

~~MONETIVA~~CONDENSED STATEMENTS OF STOCKHOLDERS’ ~~INC.~~EQUITY

~~CONDENSED STATEMENTS~~FOR OFTHE ~~STOCKHOLDERS’~~THREE ~~EQUITY~~MONTHS ENDED MARCH 31, 2020 AND 2019

~~FOR THE THREE MONTHS AND NINE MONTHS ENDED SEPTEMBER 30, 2019 AND 2018~~(UNAUDITED)

(UNAUDITED)

	Common Stock				Additional Paid-in		Stock Subscriptions Received in		Subscriptions			Accumulated			Total Stockholders’
	Shares		Amount		Capital		Advance		Receivable			Deficit			Equity
Balance - January 1, 2020		26,611,264	$	2,661	$	2,425,902	$	-	$	(130,000	)	$	(1,372,017	)	$	926,546

Common stock issued for stock subscriptions		33,334		3		69,997		-		-			-			70,000

Stock subscriptions received in advance		-		-		-		200,000		-			-			200,000

Net loss		-		-		-		-					(202,745	)		(202,745	)

Balance - March 31, 2020		26,644,598	$	2,664	$	2,495,899	$	200,000	$	(130,000	)	$	(1,574,762	)	$	993,801

	Common Stock				Additional Paid-in		Stock Subscriptions Received in			Subscriptions			Accumulated			Total Stockholders’
	Shares		Amount		Capital		Advance			Receivable			Deficit			Equity
FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2018
Balance - January 1, 2019		8,000,000	$	800	$	4,312	$	690,500		$	-		$	(589,186	)	$	106,426
Balance - July 1, 2018		8,000,000	$	800	$	4,312	$	525,500		$	-		$	(296,128	)	$	234,484
Common stock issued as compensation to officer		12,000,000		1,200		-		-			-			-			1,200
Stock subscriptions received in advance		-		-		-		140,000			-			-			140,000
Common stock issued for stock subscriptions		1,666,000		167		550,333		(690,500	)		-			-			(140,000	)
Net loss		-		-		-		-			-			(132,740	)		(132,740	)
Stock subscriptions received in advance		-		-		-		360,002			-			-			360,002
Balance - September 30, 2018		8,000,000	$	800	$	4,312	$	665,500		$	-		$	(428,868	)	$	241,744
Stock subscriptions receivable		1,000,000		100		499,900		-			(200,000	)		-			300,000
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2018
Net loss		-		-		-		-						(126,308	)		(126,308	)
Balance - January 1, 2018		8,000,000	$	800	$	4,312	$	-		$	-		$	(53,912	)	$	(48,800	)
Balance - March 31, 2019		22,666,000	$	2,267	$	1,054,545	$	360,002		$	(200,000	)	$	(715,494	)	$	501,320
Stock subscriptions received in advance		-		-		-		665,500			-			-			665,500
Net loss		-		-		-		-			-			(374,956	)		(374,956	)
Balance - September 30, 2018		8,000,000	$	800	$	4,312	$	665,500		$	-		$	(428,868	)	$	241,744

	Common Stock				Additional Paid-in		Stock Subscriptions Received in			Subscriptions			Accumulated			Total Stockholders’
	Shares		Amount		Capital		Advance			Receivable			Deficit			Equity
FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2019
Balance - July 1, 2019		22,666,000	$	2,267	$	1,054,545	$	1,078,752		$	(200,000	)	$	(895,271	)	$	1,040,293
Common stock issued for stock subscriptions		200,000		20		199,980		-			-			-			200,000
Stock subscriptions received in advance		-		-		-		93,000			-			-			93,000
Net loss		-		-		-		-			-			(242,435	)		(242,435	)
Balance - September 30, 2019		22,866,000	$	2,287	$	1,254,525	$	1,171,752		$	(200,000	)	$	(1,137,706	)	$	1,090,859
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2019
Balance - January 1, 2019		8,000,000	$	800	$	4,312	$	690,500		$	-		$	(589,186	)	$	106,426
Common stock issued as compensation to officer		12,000,000		1,200		-		-			-			-			1,200
Common stock issued for stock subscriptions		1,866,000		187		750,313		(690,500	)		-			-			60,000
Stock subscriptions received in advance		-		-		-		1,171,752			-			-			1,171,752
Stock subscriptions receivable		1,000,000		100		499,900		-			(200,000	)		-			300,000
Net loss		-		-		-		-			-			(548,520	)		(548,520	)
Balance - September 30, 2019		22,866,000	$	2,287	$	1,254,525	$	1,171,752		$	(200,000	)	$	(1,137,706	)	$	1,090,858

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

~~The accompanying notes are an integral part of these unaudited condensed financial statements.~~3

3MONETIVA INC.

~~MONETIVA INC.~~CONDENSED STATEMENTS OF CASH FLOWS

CONDENSED STATEMENTS OF CASH FLOWS

	For the Three Months Ended
	March 31, 2020			March 31, 2019
	(UNAUDITED)			(UNAUDITED)
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$	(202,745	)	$	(126,308	)
Adjustment to reconcile net loss to net cash used in operating activities:
Common stock issued for services		-			1,200
Changes in Operating Assets and Liabilities:
(Increase) in prepaid expense		(110,500	)		(123,800	)
(Increase) in other current assets		-			(6,385	)
Increase in accrued liabilities		15,942			-
Increase in accrued payroll of officer		59,895			53,250
(Decrease) in deferred rent		-			(1,638	)
Net Cash Used in Operating Activities		(237,408	)		(203,681	)

CASH FLOWS FROM FINANCING ACTIVITIES
Cash payments on loan payable		-			(55,000	)
Cash payment to officer for short term advances		-			(400	)
Cash proceeds from sale of common stock		70,000			-
Cash proceeds from common stock subscriptions received in advance		200,000			360,002
Cash proceeds from common stock subscriptions receivable		-			160,000
Net Cash Provided by Financing Activities		270,000			464,602

Net Increase in Cash		32,592			260,921

Cash - Beginning of the Period		253,100			10,039

Cash - End of the Period	$	285,692		$	270,960

Supplemental Disclosures of Cash Flows
Cash paid for Interest	$	-		$	-
Cash paid for income taxes	$	-		$	-

Supplemental Disclosures of Non-Cash Investing and Financing Activities
Common stock subscriptions receivable	$	-		$	360,000
Common stock issued for stock subscriptions received in advance	$	-		$	690,500

~~(UNAUDITED)~~The accompanying notes are an integral part of these unaudited condensed financial statements.

	For the Nine Months Ended
	September 30, 2019			September 30, 2018
	(UNAUDITED)			(UNAUDITED)
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$	(548,520	)	$	(374,956	)
Adjustment to reconcile net loss to net cash used in operating activities:
Common stock issued for services		1,200			-
Changes in Operating Assets and Liabilities:
(Increase) in prepaid expense		(497,300	)		(256,280	)
(Increase) in other current assets		(11,572	)		-
(Increase) in rent deposits		(15,000	)		(25,136	)
Increase (decrease) in accrued liabilities		(36,853	)		39,587
Increase (decrease) in accrued payroll of officer		158,650			7,060
Increase (decrease) in deferred rent		(6,380	)		9,233
Net Cash Used in Operating Activities		(955,775	)		(600,492	)
CASH FLOWS FROM FINANCING ACTIVITIES
Cash payments on loan payable		(55,000	)		-
Cash proceeds from (payment to) officer for short term advances		(400	)		400
Cash proceeds from stock subscriptions received in advance		1,171,752			665,500
Cash proceeds from sale of common stock		200,000			-
Cash proceeds from stock subscriptions receivable		160,000			-
Net Cash Provided By Financing Activities		1,476,352			665,900
Net Increase in Cash		520,577			65,408
Cash - Beginning of the Period		10,039			-
Cash - End of the Period	$	530,616		$	65,408
Supplemental Disclosures of Cash Flows
Cash paid for Interest	$	-		$	160
Cash paid for income taxes	$	-		$	-
Supplemental Disclosures of Non-Cash Investing and Financing Activities:
Common stock issued for stock subscriptions received in advance	$	690,500		$	-
Common stock issued for stock subscriptions receivable	$	360,000		$	-
Accrued compensation of officer	$	-		$	105,800

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

4NOTES TO CONDENSED FINANCIAL STATEMENTS

~~MONETIVA INC.~~March 31, 2020 and 2019

~~NOTES TO CONDENSED FINANCIAL STATEMENTS~~(UNAUDITED)

~~September 30~~NOTE 1 – NATURE OF OPERATIONS, BASIS ~~2019~~OF ~~and~~PRESENTATION ~~2018~~AND GOING CONCERN

Monetiva Inc. (~~UNAUDITED~~formerly known as American Standard Wallet, Inc. and Lark Street Acquisition Corporation, or “Monetiva” or the “Company”), a Delaware corporation, was incorporated on July 22, 2016 under the laws of the state of Delaware to engage in any lawful corporate undertaking, including, but not limited to, selected mergers and acquisitions. The Company has been in the developmental stage since inception and its operations to date have been limited to issuing shares to its original shareholders and investors.

~~NOTE~~As of May 7, 2020, the Company has a total 1of –26,944,598 ~~NATURE~~shares OFof ~~OPERATIONS~~common stock of the Company issued and outstanding. Of all shares issued and outstanding, ~~BASIS~~a OFtotal ~~PRESENTATION~~of ~~AND~~20,000,000 common ~~GOING~~shares ~~CONCERN~~have been issued to the Company’s Board of Director and Founder of the Company, representing approximately 74.23% of the total shares issued and outstanding as of the date of this Report.

~~Monetiva Inc.~~Basis (formerly known as American Standard Wallet, Inc. and Lark Street Acquisition Corporation, or “Monetiva” or the “Company”), a Delaware corporation, was incorporated on July 22, 2016 under the laws of the state of Delaware to engage in any lawful corporate undertaking, including, but not limited to, selected mergers and acquisitions. The Company has been in the developmental stage since inception and its operations to date have been limited to issuing shares to its original shareholders.Presentation

AsThe ofaccompanying ~~January~~interim 3,condensed ~~2020,~~financial statements ~~the~~are ~~Company~~unaudited, ~~has~~but ain ~~total~~the ofopinion ~~26,611,264 shares~~ of ~~common~~management ~~stock~~ of the Company, ~~issued and~~contain ~~outstanding.~~all Ofadjustments, ~~all~~which ~~shares~~include ~~issued~~normal ~~and~~recurring adjustments ~~outstanding,~~necessary ato ~~total~~present offairly ~~20,000,000~~the ~~common~~financial ~~shares~~position ~~have~~at ~~been~~March ~~issued~~31, to2020, and the ~~Company’s Board~~results of ~~Director~~operations and ~~Founder~~cash offlows for the ~~Company,~~three ~~representing~~months ~~approximately~~ended 75March 31, 2020.~~16%~~ ofThe ~~the~~balance ~~total~~sheet ~~shares~~as ~~issued~~of ~~and~~December ~~outstanding~~31, as2019 ~~of the~~is ~~date~~derived offrom ~~this~~the ~~Report~~Company’s audited financial statements.

~~Basis~~Certain information and footnote disclosures normally included in financial statements that have been prepared in accordance with generally accepted accounting principles (“GAAP”) have been condensed or omitted pursuant to the rules and regulations of ~~Presentation~~the Securities and Exchange Commission (“SEC”), although management of the Company believes that the disclosures contained in these interim condensed 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 2019 Annual Report filed with the Securities and Exchange Commission on Form 10-K on March 25, 2020.

~~The accompanying~~Going interim condensed financial statements are unaudited, but in the opinion of management of the Company, contain all adjustments, which include normal recurring adjustments necessary to present fairly the financial position at September 30, 2019, and the results of operations and cash flows for the three months and nine months ended September 30, 2019. The balance sheet as of December 31, 2018 is derived from the Company’s audited financial statements.Concern

~~Certain~~The Company demonstrates adverse conditions ~~information~~that ~~and~~raise ~~footnote~~substantial ~~disclosures~~doubt ~~normally~~about ~~included~~the inCompany’s ~~financial~~ability ~~statements~~to ~~that~~continue ~~have~~as ~~been~~a ~~prepared~~going inconcern. ~~accordance~~The ~~with~~Company ~~generally~~has not yet generated ~~accepted~~any ~~accounting~~revenue ~~principles~~and ~~have~~has ~~been~~suffered ~~condensed~~operating orlosses ~~omitted~~since ~~pursuant~~July to22, ~~the~~2016 ~~rules~~(Inception Date) to date and ~~regulations~~allow ofit ~~the~~to ~~Securities~~continue ~~and~~as ~~Exchange~~a going ~~Commission,~~concern. ~~although~~The ~~management~~continuation of the Company ~~believes~~as ~~that~~a ~~the~~going ~~disclosures~~concern ~~contained~~is independent ~~these~~upon ~~interim~~the ~~condensed~~continued financial ~~statements~~support from its shareholders, ~~are~~the ~~adequate~~ability of the Company to ~~make~~obtain ~~the~~necessary ~~information~~financing ~~presented~~to ~~therein~~continue ~~not~~operations, ~~misleading~~and the attainment of profitable operations. ~~For~~The Company ~~further~~incurred ~~information,~~a ~~refer~~net toloss of $202,745 for the ~~financial~~three ~~statements~~months ended March 31, 2020, used net cash flows in operating activities of $237,408, and ~~the~~has ~~notes~~an ~~thereto~~accumulated ~~contained~~deficit inof $1,574,762 as of March 31, 2020. These factors, among others raise a substantial doubt regarding the Company’s ~~2018~~ability ~~Annual~~to ~~Report~~continue ~~filed~~as ~~with~~a going concern. If the ~~Securities~~Company is unable to obtain adequate capital, it could be forced to cease operations. The accompanying financial statements do not include any adjustments to reflect the recoverability and ~~Exchange~~classification ~~Commission~~of onrecorded asset amounts and classification of liabilities that might be necessary should the Company be unable ~~Form~~to ~~10-K~~continue onas ~~November~~a ~~15,~~going ~~2019~~concern.

~~Effective January 1, 2019, the Company adopted the requirements of Accounting Standards Update (“ASU”) ASU, No. 2016-02, Leases, as discussed in NOTE 2 and NOTE 7.~~5

~~Going~~NOTE 2 – SUMMARY OF SIGNIFICANT ~~Concern~~ACCOUNTING POLICIES

The ~~Company’s~~following ~~financial~~summary ~~statements are prepared using generally accepted accounting principles in the United States~~ of ~~America~~significant ~~applicable to a going concern, which~~accounting ~~contemplates~~policies ~~the realization~~ of ~~assets and~~ the ~~satisfaction of liabilities in the normal course of business. The~~ Company has not yet generated any revenue and has suffered operating losses since July 22, 2016 (Inception Date) to date and allow it to continue as a going concern. The continuation of the Company as a going concern is ~~dependent~~presented ~~upon the continued financial support from its shareholders, the ability of the Company~~ to ~~obtain~~assist ~~necessary~~in ~~financing to continue operations, and~~ the ~~attainment~~understanding of ~~profitable operations. The Company incurred a net loss of $548,520 for~~ the nine months ended September 30, 2019, used net cash in operating activities of $955,775, and has an accumulated deficit of $1,137,706 as of September 30, 2019. These factors, among others raise a substantial doubt regarding the Company’s ~~ability~~financial ~~to continue as a going concern~~statements. IfThese ~~the Company is unable to obtain adequate~~accounting ~~capital,~~policies itconform ~~could be forced~~ to ~~cease~~GAAP ~~operations.~~in ~~The~~all ~~accompanying~~material ~~financial~~respects ~~statements do not include any adjustments to reflect the recoverability~~ and ~~classification~~have ofbeen ~~recorded~~consistently ~~asset~~applied ~~amounts~~in ~~and~~preparing ~~classification of liabilities that might be necessary should~~ the ~~Company~~accompanying befinancial ~~unable to continue as a going concern~~statements.

5Use of Estimates

~~NOTE~~The preparation of financial statements 2in –conformity ~~SUMMARY~~with OFGAAP ~~SIGNIFICANT~~requires ~~ACCOUNTING~~management ~~POLICIES~~to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company regularly evaluates estimates and assumptions related to the valuation of accounts payable, accrued liabilities and payable to related party. 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.

~~The following~~Cash ~~summary of significant accounting policies of the Company is presented to assist in the understanding of the Company’s financial statements. The financial statements~~ and ~~notes~~Cash are the representation of the Company’s management who is responsible for their integrity and objectivity. These accounting policies conform to accounting principles generally accepted in the United States of America (“GAAP”) in all material respects and have been consistently applied in preparing the accompanying financial statements.Equivalents

~~Except~~The ~~for~~Company ~~the~~considers ~~accounting~~all ~~policies~~highly ~~for~~liquid instruments ~~leases~~with ~~that~~maturity ~~were~~of ~~updated,~~three asmonths ~~set~~or ~~forth~~less ~~below,~~at asthe atime ~~result~~ of ~~adopting ASU~~issuance ~~No.~~to ~~2016-02,~~be ~~there~~cash ~~have~~equivalents. ~~been~~The ~~no changes to the~~ Company’s ~~significant~~reported ~~accounting~~a ~~policies~~cash ~~described in the Annual Report~~balance onof ~~Form~~$285,692 ~~10-K~~and ~~for~~$253,100 ~~the~~as ~~year~~of ~~ended~~March ~~December~~ 31, ~~2018~~2020 ~~filed~~and ~~with~~December ~~the SEC on November 15~~31, 2019, ~~that have had a material impact on the Company’s condensed consolidated financial statements and related notes~~respectively.

~~Use of~~Earnings ~~Estimates~~(Loss) Per Common Share

The ~~preparation~~ ofCompany ~~financial~~computes ~~statements~~net earnings (loss) per share in ~~conformity~~accordance with ~~GAAP~~Accounting ~~requires~~Standards ~~management~~Codification to(“ASC”) ~~make~~- ~~estimates~~ASC ~~and~~260, ~~assumptions~~“Earnings ~~that~~per ~~affect~~Share”. ~~the~~ASC ~~reported~~260 ~~amounts~~requires presentation of ~~assets~~both ~~and~~basic ~~liabilities~~ and ~~disclosure~~diluted ofnet ~~contingent~~earnings ~~assets~~per ~~and~~share ~~liabilities~~(“EPS”) aton the ~~date~~face of the ~~financial~~income statement. ~~statements~~Basic ~~and~~EPS ~~the~~is ~~reported~~computed ~~amounts~~by ofdividing ~~revenues~~earnings ~~and~~(loss) ~~expenses~~available ~~during~~to ~~the~~common ~~reporting~~shareholders ~~period.~~(numerator) ~~The~~by ~~Company~~the ~~regularly~~weighted ~~evaluates~~average ~~estimates~~number of ~~and~~shares ~~assumptions~~outstanding ~~related~~(denominator) toduring the ~~valuation~~period. ofDiluted ~~accounts~~EPS ~~payable,~~gives ~~accrued~~effect ~~liabilities~~to ~~and~~all ~~payable~~dilutive topotential ~~related~~common ~~party.~~shares ~~The~~outstanding during ~~Company~~the ~~bases its~~period ~~estimates~~using ~~and~~the ~~assumptions~~treasury onstock ~~current~~method ~~facts,~~and ~~historical~~convertible ~~experience~~note and ~~various~~preferred ~~other~~stock ~~factors~~using ~~that~~the itif-converted ~~believes~~method. toIn ~~be reasonable~~computing ~~under~~diluted ~~the circumstances~~EPS, the ~~results~~average ofstock ~~which~~price ~~form~~for the ~~basis~~period ~~for~~is ~~making~~used ~~judgments~~in ~~about~~determining the ~~carrying~~number ~~values~~ of ~~assets~~shares ~~and~~assumed ~~liabilities and~~to ~~the~~be ~~accrual~~purchased from the exercise of ~~costs~~stock ~~and~~options ~~expenses~~or ~~that~~warrants. ~~are~~Diluted ~~not~~EPS ~~readily~~excludes ~~apparent~~all ~~from~~dilutive ~~other~~potential ~~sources.~~shares ~~The~~if ~~actual~~their ~~results~~effect ~~experienced~~is byanti-dilutive. ~~the~~At ~~Company~~March ~~may~~31, ~~differ~~2020 ~~materially~~ and ~~adversely~~December ~~from~~31, ~~the~~2019, ~~Company’s~~there ~~estimates.~~were Tono ~~the~~convertible ~~extent~~notes, ~~there~~options ~~are~~or ~~material~~warrants ~~differences~~available ~~between the~~for ~~estimates~~conversion ~~and~~that ~~the~~if ~~actual results~~exercised, may dilute future ~~results~~earnings ofper ~~operations will be affected~~share.

~~Cash~~Fair value of Financial Instruments and ~~Cash~~Fair ~~Equivalents~~Value Measurements

~~The~~ASC 820, “Fair Value Measurements ~~Company~~and ~~considers~~Disclosures”, ~~all~~requires ~~highly~~an ~~liquid~~entity ~~instruments~~to ~~with~~maximize ~~maturity~~the use of ~~three~~observable ~~months~~inputs orand ~~less~~minimize at the ~~time~~use of ~~issuance~~unobservable toinputs when bemeasuring ~~cash~~fair ~~equivalents~~value. ~~The~~ ~~Company~~ASC ~~had~~820 establishes a ~~cash~~fair ~~balance~~value hierarchy based on the level of ~~$530~~independent,~~616~~ ~~and~~objective ~~$10,039~~evidence assurrounding the inputs used to measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of ~~September~~input ~~30,~~that ~~2019~~is ~~and~~significant ~~December~~to ~~31,~~the ~~2018,~~fair ~~respectively~~value measurement. ASC 820 prioritizes the inputs into three levels that may be used to measure fair value:

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

The Company accounts for income taxes using the asset and liability method in accordance with ASC 740, “Income Taxes”. The asset and liability method provide that deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the financial reporting and tax basis of assets and liabilities, 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. 6

~~The Company~~Level ~~follows~~2 ~~the~~applies ~~provisions~~to ofassets ~~ASC~~or ~~740-10, “Accounting~~ liabilities for ~~Uncertain~~which ~~Income~~there ~~Tax Positions.” When tax returns~~ are ~~filed,~~inputs itother isthan ~~highly~~quoted ~~certain~~prices that ~~some~~are ~~positions~~observable ~~taken~~for ~~would~~the beasset ~~sustained~~or ~~upon~~liability ~~examination~~such byas ~~the~~quoted ~~taxing~~prices ~~authorities,~~for ~~while~~similar ~~others~~assets ~~are~~or ~~subject~~liabilities toin ~~uncertainty~~active ~~about~~markets; ~~the~~quoted ~~merits~~prices offor ~~the~~identical ~~position~~assets ~~taken~~ or ~~the~~liabilities ~~amount~~in ofmarkets ~~the~~with ~~position~~insufficient ~~that would be ultimately~~volume ~~sustained.~~or Ininfrequent ~~accordance~~transactions ~~with~~(less ~~the~~active ~~guidance~~markets); ofor ~~ASC 740~~model-~~10,~~derived ~~the~~valuations ~~benefit of a tax position is recognized~~ in ~~the financial statements in the period during~~ which, ~~based~~significant oninputs ~~all~~are ~~available~~observable ~~evidence,~~or ~~management believes it is more likely than not that the position~~can ~~will~~ be ~~sustained~~derived ~~upon~~principally ~~examination~~from, ~~including the resolution of appeals~~ or ~~litigation~~corroborated ~~processes~~by, ifobservable ~~any.~~market ~~Tax positions taken are not offset or aggregated with other positions~~data. ~~Tax~~If ~~positions that meet~~ the ~~more-likely-than-not~~asset ~~recognition~~or ~~threshold~~liability ~~are~~has ~~measured as~~a ~~the~~specified ~~largest amount of tax benefit that is more than 50 percent likely of being realized upon settlement with the applicable~~(contractual) ~~taxing~~term, ~~authority. The portion of~~ the ~~benefits~~Level ~~associated~~2 ~~with~~input ~~tax~~must ~~positions taken that exceeds the amount measured as described above should~~ be ~~reflected~~observable ~~as a liability~~ for ~~unrecognized~~substantially ~~tax benefits in~~ the ~~accompanying~~full ~~condensed~~term ~~balance~~of ~~sheets along with any associated interest and penalties that would be payable to~~ the ~~taxing~~asset ~~authorities~~or ~~upon examination~~liability.

6Level 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.

~~Leases~~The Company’s financial instruments consist principally of cash, rent deposits and accrued liabilities. The Company believes that the recorded values of all the financial instruments approximate their current fair values because of their nature and respective maturity dates or durations.

~~The~~Income Company has operating leases for its offices. Management determines if an arrangement is a lease at inception of the contract and whether a contract is or contains a lease by determining whether it conveys the right to control the use of the identified asset for a period of time. If the contract provides the Company the right to substantially all of the economic benefits from the use of the identified asset and the right to direct the use of the identified asset, the Company consider it to be, or contain, a lease. The Company records a right-of-use asset and a corresponding lease liability based on the present value of the minimum lease payments. The lease term used in the calculation of right-of-use assets and lease liabilities include renewal and termination options that are reasonably certain to be exercised. Leases with an initial term of twelve months or less are not recorded on the balance sheet and the related lease expense is recognized on a straight-line basis over the lease term. Our leases do not provide an implicit borrowing rate, and we estimate the Company’s incremental borrowing rate to discount the lease payments based on information available at lease commencement. Taxes

~~Earnings~~The Company accounts for income taxes using ~~(Loss)~~the ~~Per~~asset ~~Common~~and ~~Share~~liability method in accordance with ASC 740, “Income Taxes”. The asset and liability method provide that deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the financial reporting and tax basis of assets and liabilities, 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 ~~computes~~follows ~~net~~the ~~earnings~~provisions ~~(loss)~~of ~~per~~ASC 740-10, ~~share~~“Accounting infor ~~accordance~~Uncertain ~~with~~Income ~~ASC~~Tax ~~260,~~Positions.” ~~“Earnings~~When ~~per~~tax ~~Share”.~~returns ~~ASC~~are ~~260~~filed, ~~requires~~it is highly certain that ~~presentation~~some ofpositions ~~both~~taken ~~basic~~would ~~and~~be ~~diluted~~sustained ~~net~~upon ~~earnings~~examination ~~per~~by ~~share~~the ~~(“EPS”)~~taxing onauthorities, while others are subject to uncertainty about the ~~face~~merits of the ~~income~~position ~~statement.~~taken ~~Basic~~or ~~EPS is~~the ~~computed~~amount byof ~~dividing~~the ~~earnings~~position ~~(loss)~~that ~~available~~would tobe ~~common~~ultimately ~~shareholders~~sustained. ~~(numerator)~~In byaccordance with the ~~weighted~~guidance of ~~average~~ASC ~~number~~740-10, the benefit of ~~shares outstanding~~a ~~(denominator)~~tax ~~during~~position is recognized in the ~~period.~~financial ~~Diluted~~statements ~~EPS~~in ~~gives~~the ~~effect~~period toduring which, based on all available ~~dilutive~~evidence, ~~potential~~management ~~common~~believes ~~shares~~it ~~outstanding~~is ~~during the~~more ~~period~~likely ~~using~~than not that the ~~treasury~~position ~~stock~~will ~~method~~be ~~and~~sustained ~~convertible~~upon ~~note~~examination, ~~and~~including the ~~preferred~~resolution ~~stock~~of ~~using~~appeals ~~the~~or litigation processes, if~~-converted~~ ~~method~~any. InTax ~~computing diluted~~positions ~~EPS,~~taken ~~the~~are ~~average~~not ~~stock~~offset ~~price~~or ~~for~~aggregated ~~the~~with ~~period~~other ispositions. Tax ~~used~~positions inthat ~~determining~~meet the ~~number~~more-likely-than-not ofrecognition ~~shares~~threshold ~~assumed~~are tomeasured beas ~~purchased~~the ~~from~~largest ~~the exercise~~amount of ~~stock~~tax ~~options~~benefit orthat ~~warrants.~~is more ~~Diluted~~than ~~EPS~~50 ~~excludes~~percent ~~all~~likely ~~dilutive~~of ~~potential~~being ~~shares~~realized ifupon ~~their~~settlement ~~effect~~with isthe ~~anti-dilutive~~applicable taxing authority. AtThe portion of the benefits ~~September~~associated ~~30,~~with ~~2019~~tax ~~and~~positions ~~December~~taken ~~31,~~that ~~2018,~~exceeds ~~there~~the ~~were~~amount nomeasured ~~convertible~~as ~~notes,~~described ~~options~~above orshould ~~warrants~~be ~~available~~reflected as a liability for unrecognized ~~conversion~~tax benefits in the accompanying condensed balance sheets along with any associated interest and penalties that ifwould ~~exercised,~~be ~~may~~payable ~~dilute~~to ~~future~~the ~~earnings~~taxing ~~per~~authorities ~~share~~upon examination.

~~Fair value of Financial Instruments and Fair Value Measurements~~Leases

~~ASC~~The Company has operating leases for its ~~820,~~offices. ~~“Fair~~Management ~~Value~~determines ~~Measurements~~if an arrangement is a lease at inception of the contract and ~~Disclosures”,~~whether ~~requires~~a ancontract ~~entity~~is or contains a lease by determining whether it conveys the right to ~~maximize~~control the use of ~~observable~~the ~~inputs~~identified asset for a period of time. If the contract provides the Company the right to substantially all of the economic benefits from the use of the identified asset and ~~minimize~~the right to direct the use of ~~unobservable~~the ~~inputs~~identified ~~when~~asset, ~~measuring~~the ~~fair~~Company ~~value~~consider it to be, or contain, a lease. ~~ASC~~The ~~820~~Company ~~establishes~~records a ~~fair~~right-of-use asset ~~value~~and ~~hierarchy~~a corresponding lease liability based on the ~~level~~ present value of ~~independent,~~the ~~objective~~minimum ~~evidence~~lease ~~surrounding~~payments. ~~the~~The ~~inputs~~lease term used toin ~~measure~~the calculation ~~fair~~of ~~value.~~right-of-use Aassets ~~financial~~and ~~instrument’s~~lease ~~categorization within~~liabilities ~~the~~include ~~fair~~renewal ~~value~~and ~~hierarchy~~termination isoptions ~~based~~that ~~upon~~are ~~the~~reasonably ~~lowest~~certain ~~level~~to be exercised. Leases with an initial term of ~~input~~twelve ~~that~~months isor ~~significant~~less toare not recorded on the ~~fair~~balance ~~value~~sheet ~~measurement.~~and ~~ASC~~the related lease ~~820~~expense ~~prioritizes~~is recognized on a straight-line basis over the ~~inputs~~lease ~~into~~term. ~~three~~Our ~~levels~~leases ~~that~~do ~~may~~not beprovide ~~used~~an implicit borrowing rate, and we estimate the Company’s incremental borrowing rate to ~~measure~~discount ~~fair~~the ~~value:~~lease payments based on information available at lease commencement.

~~Level 1~~Concentration ~~applies~~of toCredit ~~assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities.~~Risk

~~Level 2~~The ~~applies~~Company tomaintains ~~assets~~its orcash ~~liabilities~~in ~~for~~bank ~~which there are inputs other than quoted prices that are observable for the asset or liability~~and ~~such~~financial asinstitution ~~quoted~~deposits ~~prices~~with ~~for~~balance ~~similar~~in ~~assets~~excess orof ~~liabilities~~federally ininsured ~~active~~limits ~~markets;~~of ~~quoted~~$250,000 ~~prices~~insured ~~for~~by ~~identical~~the ~~assets~~Federal orDeposit ~~liabilities in~~Insurance ~~markets~~Corporation ~~with insufficient volume or infrequent transactions~~ (~~less active markets~~“FDIC”);. orThe ~~model-derived~~Company ~~valuations~~has innot ~~which~~experienced ~~significant inputs~~any ~~are~~losses ~~observable~~in orsuch ~~can be derived principally from, or corroborated by, observable market data~~accounts. IfThe ~~the~~amount ~~asset~~exceeding orFDIC ~~liability~~insured ~~has~~limits awas ~~specified~~$35,692 ~~(contractual)~~and ~~term~~$3,100 ~~the~~at ~~Level~~March 231, ~~input~~2020 ~~must~~and beDecember ~~observable~~31, ~~for~~2019, ~~substantially the full term of the asset or liability~~respectively.

~~Level 3~~Recent ~~applies~~Accounting toPronouncements ~~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~~From ~~Company’s~~time ~~financial~~to ~~instruments~~time, new accounting pronouncements ~~consist~~are ~~principally~~issued ofby ~~cash,~~the ~~rent~~Financial ~~deposits~~Accounting ~~and~~Standards ~~accrued~~Board ~~liabilities.~~(“FASB”) ~~The~~or ~~Company~~other ~~believes~~standard-setting bodies that are adopted by the ~~recorded~~Company ~~values~~as of ~~all~~the specified effective date. Unless otherwise discussed, we believe that the ~~financial~~impact of recently issued standards ~~instruments~~that ~~approximate~~are ~~their~~not ~~current~~yet ~~fair~~effective ~~values~~will ~~because~~not ofhave ~~their~~a ~~nature~~material ~~and~~impact ~~respective~~on ~~maturity~~our ~~dates~~financial position or ~~durations~~results of operations upon adoption.

~~Recent Accounting Pronouncements~~7

~~New~~NOTE ~~Accounting~~3 ~~Pronouncements~~– ~~Effective January~~PREPAID ~~1, 2019~~EXPENSES

~~Leases~~The Company has made prepayments to Endless One Global (“E1G”) with regard to E1G’s service in providing data processing, transaction processing and related services for the prepaid debit accounts created for the Company’s customers. As of March 31, 2020 and December 31, 2019, the prepayments to E1G were $1,104,780 and 959,780, (See NOTE 7 - Service Agreement) and prepaid rent was $23,000 and $57,500, respectively. The Company expects to obtain BINs from the banks by September 30, 2020 and start its business operations within 30 to 45 days thereafter.

InNOTE ~~February~~4 ~~2016,~~– ~~the~~ACCRUED FASB issued Accounting Standards Update (“ASU”) ASU 2016-02, Leases (Topic 842). The updated guidance requires lessees to recognize lease assets and lease liabilities for most operating leases. In addition, the updated guidance requires that lessors separate lease and non-lease components in a contract in accordance with the new revenue guidance in ASC 606. The updated guidance is effective for interim and annual periods beginning after December 15, 2018.LIABILITIES

The Company ~~adopted~~recorded ~~the~~accrued ~~new standard on~~liabilities ~~January~~primarily 1,consisting ~~2019~~of ~~using~~consulting ~~the~~and ~~modified~~professional ~~retrospective~~fees, ~~approach.~~payroll The Company has elected to apply the transition method that allows companies to continue applying the guidance under the lease standard in effect at that time in the comparative periods presented in the consolidated financial statements and ~~recognize~~franchise ataxes ~~cumulative-effect adjustment to the opening balance~~ of ~~retained~~$93,416 ~~earnings~~and on$77,474 ~~the~~as ~~date~~ of ~~adoption. The~~March ~~Company also elected the “package of practical expedients”~~31, ~~which permits us not to reassess under the new standard~~2020 ~~our~~and ~~prior~~December ~~conclusions~~31, ~~about lease identification~~2019, ~~lease classification and initial direct costs~~respectively.

~~Results~~NOTE ~~for~~5 ~~reporting~~– ~~periods~~ACCRUED ~~beginning after~~PAYROLL January 1, 2019 are presented under the new standard, while prior period amounts are not adjusted and continue to be reported under the accounting standards in effect for the prior period. Upon adoption of the new lease standard, on January 1, 2019, the Company capitalized right-~~of-use~~ (“ROU”) assets of $124,524 and $132,485 of lease liabilities, within the Company’s condensed consolidated balance sheets upon adoption. Additionally, the Company reversed its deferred rent liability of $7,960, which upon adoption became a component of the right-of-use asset. The adoption of this standard did not have an impact on the Company’s condensed consolidated statement of operations or cash flows and did not result in a cumulative catch-up adjustment to the opening balance of retained earnings.OFFICER

The Company has recorded accrued payroll to its Chief Executive Officer (“Officer”) of $351,255 and $291,360 as of March 31, 2020 and December 31, 2019, respectively. The Company has recorded Officer’s compensation expense of $59,895 and $54,450 for the three months ended March 31, 2020 and 2019, respectively (See NOTE 7).

~~Accounting~~NOTE ~~Standards~~6 ~~Issued~~– ~~but Not Yet Adopted~~LEASES

~~In June~~The ~~2018,~~Company adopted the ~~Financial~~new ~~Accounting~~standard ~~Standards~~on January ~~Board~~1, ~~(“FASB”)~~2019 ~~issued~~using ~~ASU~~the ~~2018-07,~~modified ~~Compensation~~retrospective –approach. ~~Stock~~The ~~Compensation (Topic~~Company ~~718),~~has ~~Improvements~~elected to ~~Nonemployee~~apply ~~Share-Based~~the ~~Payment~~transition ~~Accounting.~~method ~~This~~that ~~ASU~~allows iscompanies to ~~intended~~continue toapplying ~~simplify~~the ~~aspects~~guidance ofunder ~~share-based compensation~~the ~~issued~~lease tostandard ~~non-employees~~in byeffect ~~making~~at ~~the~~that ~~guidance~~time ~~consistent~~in ~~with~~the ~~accounting~~comparative ~~for~~periods ~~employee~~presented ~~share-based~~in ~~compensation.~~the condensed ~~This~~financial ~~guidance~~statements isand ~~effective~~recognize ~~for~~a ~~fiscal~~cumulative-effect ~~years~~adjustment ~~beginning~~to ~~after~~the ~~December~~opening ~~15,~~balance ~~2019,~~of ~~including~~retained ~~interim~~earnings ~~periods~~on ~~within~~the ~~that~~date ~~fiscal~~of ~~year~~adoption. ~~Early~~The ~~adoption~~Company isalso ~~permitted.~~elected ~~The~~the ~~Company~~“package isof ~~currently~~practical inexpedients”, ~~the~~which ~~process~~permits ofus ~~evaluating~~not to reassess under the ~~impact~~new ofstandard our ~~this~~prior ~~guidance~~conclusions onabout ~~its~~lease ~~financial statements~~identification, lease classification and initial direct costs.

~~There~~Results for reporting periods beginning ~~were~~after ~~other~~January ~~updates~~1, ~~recently~~2019 ~~issued~~are presented under the new standard, while prior period amounts are not adjusted and continue to be reported under the accounting ~~pronouncement~~standards in effect for the prior period. ~~The~~Upon adoption of the new lease standard, on January 1, 2019, the Company’s ~~management~~capitalized ~~does~~right-of-use ~~not~~(“ROU”) ~~believe~~assets ~~that~~of ~~other~~$124,524 ~~than~~and ~~disclosed~~$132,485 of lease liabilities, within the Company’s ~~above~~condensed balance sheets upon adoption. Additionally, ~~accounting~~the ~~pronouncements~~Company ~~that~~reversed ~~recently~~its ~~issued~~deferred ~~but~~rent ~~not~~liability ~~yet~~of ~~adopted~~$7,960, ~~will~~which ~~have~~upon adoption became a ~~material~~component of the right-of-use asset. The adoption of this standard did not have an impact on ~~its~~the ~~financial~~Company’s ~~position,~~condensed ~~results~~statement of operations or cash flows and did not result in a cumulative catch-up adjustment to the opening balance of retained earnings.

~~NOTE~~On 3February –9, ~~PREPAID~~2018, ~~EXPENSES~~the Company executed a non-cancellable operating lease for its principal office with the lease commencing March 1, 2018 for a period of 21 months maturing on November 30, 2019. The Company paid a security deposit of $25,136. The base rent of the lease was $12,202 for the first twelve months, increasing to $12,568 from the month thirteen to month twenty-one. The lease had a provision for rent abatement for the monthly rent of April 2018. The lease terminated on November 30, 2019. The Company has recorded rent expense of $35,333 for the three months ended March 31, 2019.

~~The~~On May 24, 2019, the Company ~~has~~executed ~~made~~a month-to-month ~~prepayments~~rental agreement to ~~Endless One~~lease ~~Global~~furnished ~~(“E1G”)~~premises. ~~with~~The ~~regard~~lease toterm ~~E1G’s~~commenced ~~service~~June in1, ~~providing~~2019 ~~data~~for ~~processing~~a one-year term with a monthly rent of $11,500 ~~transaction~~per ~~processing~~month and ~~related~~terminates on May 31, 2020. The landlord required a security deposit of $15,000 on the commencement ~~services~~date ~~for~~of the ~~prepaid~~lease, ~~debit~~and ~~accounts~~an ~~created~~additional ~~for~~$10,000 security deposit on November 1, 2019. On May 30, 2019, the Company’s ~~customers.~~paid Asto the landlord security deposit of ~~September~~$15,000 and prepaid the rent of $69,000 for the six months ended November 30, 2019. On October 1, 2019, pursuant to the terms of the lease agreement, the Company paid to the landlord an additional security deposit of $10,000 and prepaid rent of $69,000 for the six months term starting December 1, 2019 to May 31, ~~2018~~2020. The Company recorded a rent expense of $34,500 for the ~~prepayment~~three tomonths ~~E1G~~ended ~~were~~March 31, 2020. In addition, the Company recorded a rent deposit of $~~824~~25,~~780~~000 as of March 31, 2020 and December 31, 2019, and prepaid rent of $~~350~~23,~~480~~000 and $57,500 ~~respectively~~as ~~(See~~of ~~NOTE~~March 831, -2020 ~~Service~~and ~~Agreement)~~December 31, 2019, respectively.

~~NOTE~~The 4Company –executed ~~ACCRUED~~a ~~LIABILITIES~~month-to-month cancellable operating lease, leasing office space in an executive suite, commencing on January 1, 2019 for $169 per month. The monthly rent increased to $203 effective October 1, 2019. The Company recorded rent expense of $609 and $507 for the three months ended March 31, 2020 and 2019, respectively.

The Company ~~had~~has ~~accrued~~recorded ~~liabilities~~total ~~primarily consisting~~rent expense of ~~consulting and professional fees, payroll, franchise taxes and accrued payroll taxes totaling~~ $~~100~~35,~~756~~109 and $~~137~~35,~~609 as~~840 offor ~~September~~the ~~30,~~three ~~2019~~months ~~and~~ended ~~December~~March 31, ~~2018~~2020 and 2019, respectively.

~~NOTE 5 – RELATED PARTY TRANSACTIONS~~8

~~Accrued~~NOTE ~~Payroll~~7 – ~~Officer~~COMMITMENTS AND CONTINGENCIES

~~The~~Employment ~~Company has recorded accrued payroll~~Agreement ~~liability~~with ~~to its Chief Executive officer (“~~Officer”) of $236,910 and $78,260 as of September 30, 2019 and December 31, 2018, respectively. During the three months and nine months ended September 30, 2019, the Officer received $0 and $3,500 of compensation as compared to $0 for the same comparable periods in 2018. The Company has recorded $54,450 and $163,350 as payroll expense of the Officer for the three months and nine months ended September 30, 2019, compared to $49,500 and $148,500 for the three months and nine months ended September 30, 2018, respectively (See NOTE 8).

~~NOTE~~On November 61, –2017, ~~LOAN~~the ~~PAYABLE~~Company entered into an employment agreement with its Officer for a one-year term, which shall be automatically renewed for successive one-year periods unless either party gives ninety (90) calendar days written notice of nonrenewal prior to the expiration of the then-current term. The Company granted 12,000,000 shares of its common stock to the Officer as a sign-on bonus valued at $1,200, and agreed to pay an annual base salary of $180,000 provided that the Officer’s base salary may be reduced to the extent that Officer elects to defer any portion thereof under the terms of any deferred compensation or savings plan maintained by the Company. In addition to the eligibility for consideration of merit-based increases in the discretion of the Board of Directors, Officer’s base salary will be increased effective January 1, of each year during the term commencing January 1, 2018 by ten percent (10%) (See NOTE 5).

OnService December 11, 2018, the Company received from a stockholder $55,000 in cash, a short-term loan bearing no interest, unsecured, and payable on demand but no later than February 28, 2019. The Company paid back the loan to the stockholder in two payments of $25,000 and $30,000 on February 4, 2019 and February 20, 2019, respectively. The Company recorded the loan payable of $0 and $55,000 as a current liability in the accompanying financial statements at September 30, 2019 and December 31, 2018, respectively.Agreement

~~NOTE~~On 7January –15, ~~LEASES~~2018, the Company entered into an agreement with E1G whereby, E1G agreed to provide data processing, transaction processing and related services for the prepaid debit accounts created for the customers of the Company, for a period of five years, with a one-time upfront fee of $250,000 for each of the three (3) countries of USA, Mexico and India, for a total fee of $750,000 to initiate the process to establish three (3) Business Identification Numbers (“BINs”). Thereafter, the term will automatically be renewed for one (1) year period unless terminated by either party upon providing a written notice.

On ~~February~~ 9or about September 30, ~~2018~~2019, the Company entered ~~executed~~into aan ~~non-cancellable~~oral ~~operating~~agreement ~~lease~~with ~~for~~E1G ~~its~~to ~~principal~~provide ~~office~~data ~~with~~processing, ~~the~~transaction ~~lease~~processing ~~commencing~~and ~~March 1,~~related ~~2018~~services for athe ~~period~~prepaid debit ofaccounts 21created ~~months~~for ~~maturing~~the ~~on November 30, 2019. The~~ Company’s ~~paid~~customers ain ~~security~~four ~~deposit~~additional ofcountries ~~$25~~China,~~136.~~ ~~The~~Pakistan, ~~base~~Philippines ~~rent of~~and ~~the~~United ~~lease~~Arab Emirates. ~~was~~All ~~$12,202~~other ~~for~~terms ~~the~~and ~~first~~conditions ~~twelve months, increasing~~ to ~~$12,568~~remain ~~from~~ the ~~month~~same ~~thirteen~~as toper ~~month~~the ~~twenty-one.~~January ~~The~~15, ~~lease had~~2018 aagreement ~~provision~~with ~~for rent abatement for only one month - April 2018~~E1G. The Company ~~has~~will ~~recorded rent expense of $35,333 and $105,999~~pay ~~for~~E1G ~~this~~the ~~non-cancellable~~processing ~~lease~~fees ~~for~~as ~~its~~forth ~~principal~~in ~~office for~~ the ~~three months and nine months ended September 30~~Agreement, ~~2019~~any ~~and~~special ~~$35~~fees,~~333 and~~ ~~$82,443~~new ~~for~~products ~~the three months~~ and ~~nine~~technologies ~~months~~introduced ~~ended~~by ~~September~~E1G ~~30,~~(See ~~2018, respectively~~NOTE 3).

~~The~~Legal ~~Company~~Costs ~~executed a month-to-month cancellable operating lease, leasing office space in an executive suite, commencing on January 1, 2019 for $169 per month. The Company recorded rent expense of $507~~ and ~~$1,521 for the three months and nine months ended September 30, 2019.~~Contingencies

OnIn ~~May 24, 2019,~~ the ~~Company~~normal ~~executed~~course ~~a month-to-month rental agreement to lease furnished premises. The lease term commenced June 1, 2019 for a one-year term with a monthly rent~~ of ~~$11~~business,~~500~~ ~~per~~the ~~month~~Company ~~from~~incurs ~~June~~costs ~~1, 2019~~ to ~~May~~hire ~~31, 2020. The landlord required a security deposit of $15,000 on the commencement date of the lease,~~ and anretain ~~additional~~external ~~$10,000~~legal ~~security~~counsel ~~deposit on November 1, 2019. On May 30, 2019, the Company paid~~ to ~~the~~advise ~~landlord~~it ~~security~~on ~~deposit of $15~~regulatory,~~000~~ litigation and ~~prepaid~~other ~~the rent of $69,000 for the six months ended November 30, 2019~~matters. The Company ~~recorded~~expenses ~~the~~these ~~security~~costs ~~deposit of $15,000~~ as ~~rent deposit, and $34,500 and $46,000 as rent expense for~~ the ~~three~~related ~~months~~services ~~and~~are ~~nine months ended September 30, 2019 (See NOTE 10)~~received.

~~The~~If a ~~Company~~loss ~~has~~is ~~recorded~~considered ~~total~~probable ~~rent~~and ~~expense of~~the ~~$70,340~~amount ~~and~~can ~~$153~~be reasonable estimated,~~520~~ ~~for~~the ~~all~~Company ~~its~~recognizes ~~leases~~an expense for the ~~three~~estimated ~~months~~loss. If ~~and~~the ~~nine~~Company ~~months~~has ~~ended~~the ~~September~~potential ~~30,~~to ~~2019~~recover ~~compared~~a toportion ~~$35~~of the estimated loss from a third party,~~333~~ ~~and~~the Company makes a separate assessment ~~$82,443~~of ~~for~~recoverability and reduces the ~~three~~estimated ~~months~~loss ~~and~~if ~~nine~~recovery ~~months~~is ~~ended~~also ~~September~~deemed 30probable. The Company was not aware of any loss contingencies as of March 31, ~~2018~~2020 and December 31, 2019, respectively.

NOTE 8 – STOCKHOLDERS’ EQUITY

~~Additional~~The ~~information related to the~~ Company’s ~~leases~~capitalization at March as31, of2020 ~~and~~was ~~for~~100,000,000 ~~the~~authorized ~~nine~~common ~~months~~shares ~~ended September~~with 30a par value of $0.0001 per share, ~~2019~~and 20,000,000 isauthorized aspreferred ~~follows:~~shares with a par value of $0.0001 per share.

	September 30, 2019
Supplemental data
Weighted average remaining lease term		.17 years
Weighted average discount rate		9.00	%
Cash paid for amounts included in lease liabilities	$	112,379

Common Stock

~~Maturities~~On ofJanuary ~~lease~~5, ~~liabilities~~2020, asan investor executed a stock subscription agreement to purchase 10,000 shares of ~~September~~ 30the Company’s common stock at $2.00 per share. The investor paid $20,000 ~~2019 were~~to the Company in three installments between January 21, 2020 and February 20, 2020. The Company issued 10,000 shares of asits ~~follows:~~common stock to the investor on March 20, 2020.

	September 30, 2019
Year ending December 31,
2019 (remaining)	$	25,136
Total minimum lease payments		25,136
Less: imputed interest		(414	)
Present value of future minimum lease payments	$	24,722

On January 20, 2020, an investor executed a stock subscription agreement to purchase 3,334 shares of the Company’s common stock at $3.00 per share. The investor paid $10,000 to the Company on February 18, 2020. The Company issued 3,334 shares of its common stock to the investor on March 20, 2020.

~~Fiscal~~On ~~year~~February ~~2018~~20, ~~lease~~2020, ~~commitments~~an ininvestor ~~accordance~~executed a ~~with~~stock ~~prior~~subscription agreement to purchase 20,000 shares of the Company’s common stock at $2.00 per share. The investor paid ~~guidance~~$40,000 to the Company on February 20, 2020. The Company issued the 20,000 shares of its common stock to the investor on March 20, 2020.

~~Future minimum lease commitments of the Company are as follows:~~9

For the years ending December 31,	Amount
2019	$	25,136
Total	$	25,136

On March 18, 2020, an investor executed a stock subscription agreement to purchase 200,000 shares of the Company’s common stock at $1.00 per share. The Company received the cash consideration of $200,000 from the investor on March 18, 2020. The Company did not issue the shares of its common stock as of March 31, 2020, and has recorded the $200,000 received, as stock subscriptions received in advance as of March 31, 2020.

~~NOTE~~As a result of all common stock issuances, 8the –total ~~COMMITMENTS~~issued ~~AND~~and ~~CONTINGENCIES~~outstanding shares of common stock were 26,644,598 shares and 26,611,264 shares at March 31, 2020 and December 31, 2019, respectively.

~~Operating Leases~~Preferred stock

~~See~~No preferred stock was issued and outstanding ~~future~~as ~~minimum~~of ~~lease~~March ~~payments~~31, in2020 ~~NOTE~~and 7December 31, 2019, respectively.

~~Employment Agreement~~NOTE ~~with~~9 ~~Officer~~– SUBSEQUENT EVENTS

~~On November~~Management 1,has ~~2017,~~evaluated ~~the~~subsequent ~~Company entered into an employment agreement with its Officer for a one-year term, which shall be automatically~~events ~~renewed~~through ~~for successive one-year periods unless either party gives ninety (90) calendar days written notice of nonrenewal prior to~~ the ~~expiration~~date of ~~the~~this ~~then-current~~Form ~~term. The Company granted 12,000,000 shares of its common stock to the Officer as a sign~~10-~~on bonus valued at $1~~Q,~~200,~~ ~~and agreed to pay an annual base salary of $180,000 provided that~~ the ~~Officer’s~~date ~~base salary may be reduced to~~ the ~~extent~~financial ~~that~~statements ~~Officer~~were ~~elects~~available to ~~defer~~be ~~any~~issued, ~~portion~~noting ~~thereof under~~ the ~~terms~~following ofitems ~~any deferred compensation or savings~~would ~~plan~~impact ~~maintained by~~ the ~~Company.~~accounting ~~In addition to the eligibility~~ for ~~consideration~~events ofor ~~merit-based~~transactions ~~increases~~ in the ~~discretion~~current ~~of the~~period ~~Board~~or ofrequire ~~Directors,~~additional ~~Officer’s base salary will be increased effective January 1, of each year during the term commencing January 1, 2018 by ten percent (10%) (See NOTE 5)~~disclosure.

~~Service Agreement~~Equity Transactions

On ~~January~~ 15April 17, ~~2018~~2020, the Company ~~entered~~issued ~~into an agreement with E1G whereby~~200, ~~E1G will provide data processing, transaction processing~~000 ~~and~~shares ~~related services for the prepaid debit accounts created for the customers~~ of ~~the~~its ~~Company,~~common ~~for~~stock ato ~~period~~an ofinvestor ~~five~~who ~~years.~~subscribed ~~The agreement~~to ~~required~~purchase athese ~~one-time~~shares ~~upfront~~on ~~fee~~March ~~of $250~~18,~~000~~ ~~for~~2020 ~~each of the three (3) countries - USA, Mexico~~ and ~~India,~~paid ~~for a total fee of~~ $~~750~~200,000 to ~~initiate~~ the process to establish three (3) Business Identification Numbers (“BINs”). Thereafter, the term will automatically be renewed for one (1) year period unless terminated by either party upon providing a written notice. The Company ~~is expanding its footprint to additional countries and territories as part of its development plan to provide the~~ ~~same~~on ~~services.~~March ~~These territories will include European nations~~18, ~~Philippines, United Arab Emirates and China~~2020. ~~The Company will pay E1G the processing fees as forth in the Agreement, any special fees, new products and technologies introduced by E1G (See NOTE 3).~~

~~Legal~~On March 31, 2020, an investor executed ~~Costs~~a stock subscription agreement to purchase 100,000 shares of the Company’s common stock at $1.00 per share. The Company received cash consideration of $100,000 from the investor on April 2, 2020 and ~~Contingencies~~has issued the 100,000 shares of its common stock to the investor on April 17, 2020.

~~In the~~As ~~normal~~a ~~course~~result of ~~business,~~ the ~~Company~~offerings, ~~incurs~~a ~~costs~~total toof 26,944,598 ~~hire~~shares ~~and~~of ~~retain~~the ~~external~~Company’s ~~legal~~common ~~counsel~~stock tohave ~~advise~~been itissued ~~on regulatory, litigation~~ and ~~other~~outstanding ~~matters.~~as ~~The~~of ~~Company~~the ~~expenses~~date ~~these~~of ~~costs~~filing asof ~~the~~this ~~related~~Form ~~services are received~~10-Q.

~~If a~~Service ~~loss~~Agreement iswith considered probable and the amount can be reasonable estimated, the Company recognizes an expense for the estimated loss. If the Company has the potential to recover a portion of the estimated loss from a third party, the Company makes a separate assessment of recoverability and reduces the estimated loss if recovery is also deemed probable. The Company was not aware of any loss contingencies as of September 30, 2019 and December 31, 2018, respectively.E1G

~~NOTE~~The Company has paid to E1G $20,000 as 9the –processing ~~STOCKHOLDERS’~~fees ~~EQUITY~~to initiate and establish BINs for the Company since April 1, 2020 through the date of the filing of this quarterly statement.

The Company’s capitalization at September 30, 2019 was 100,000,000 authorized common shares with a par value of $0.0001 per share, and 20,000,000 authorized preferred shares with a par value of $0.0001 per share. 10

9Item 2. Management’s Discussion and Analysis or Plan of Operation

~~Common~~This Quarterly Report Form 10-Q contains ~~Stock~~forward-looking statements. Our actual results could differ materially from those set forth as a result of general economic conditions and changes in the assumptions used in making such forward-looking statements. The following discussion and analysis of our financial condition and results of operations should be read together with the unaudited condensed financial statements and accompanying notes and the other financial information appearing elsewhere in this report. The analysis set forth below is provided pursuant to applicable Securities and Exchange Commission regulations and is not intended to serve as a basis for projections of future events.

OnWe ~~January~~are ~~14,~~a ~~2019~~development stage enterprise and are incorporated in the State of Delaware in July 2016. As of the date of inception, to the ~~Company~~date ~~issued~~of this quarterly report, we did 12not generate any revenue and incurred expenses and operating losses,~~000~~ as part of our development stage activities. We have experienced a net loss of $202,~~000~~745 ~~shares~~for the three months ended March 31, 2020, net cash used in operating activities of ~~its~~$237,408, ~~common~~and ~~stock~~have torecorded an ~~its~~accumulated ~~Officer~~deficit asof a$1,574,762 ~~sign-on~~at ~~bonus~~March 31, 2020.

OnWe anticipate that we will need substantial ~~January~~working ~~14,~~capital ~~2019,~~over the ~~Company~~next ~~issued~~12 1months to continue as a going concern and to expand our operations to distribute,~~616,000~~ ~~shares~~sell and market products and solutions. Our independent auditors have expressed substantial doubt as to the ability of ~~its~~the ~~common~~Company ~~stock~~to continue as a going concern. Unless we are able to ~~investors~~generate ~~and~~sufficient ~~business~~cash ~~promotors~~flows ~~who~~from ~~had~~operations ~~subscribed~~and/or obtain additional financing, there ~~for~~is a substantial doubt as to the ability of the Company’s to continue as a going concern. We intend to make an equity offering of our common stock ~~during~~for the ~~year~~acquisition ~~ended~~and ~~December~~operation 31expenses. If we cannot raise the required cash, ~~2018~~we will issue additional shares of our common stock in lieu of cash.

~~On January~~Our ~~14,~~Current 2019, the Company issued 1,000,000 shares of its common stock to an investor who had subscribed for the Company’s common stock on September 24, 2018 for the purchase price of $0.50 per share. The Company has received from the subscriber $300,000 and $140,000 in cash consideration as of September 30, 2019 and December 31, 2018, respectively. As a result, the Company has recorded $200,000 and $0 as subscriptions receivable as of September 30, 2019 and December 31, 2018, respectively.Business

OnMonetiva’s primary objective is to ~~February~~offer 25prepaid card and money remittance services to under-banked, ~~2019~~underserved markets and foreign workers. We are supported by an experienced management team with extensive background and qualifications in our core business, ~~the~~including ~~Company~~prepaid ~~issued~~card 50issuance,~~000~~ program ~~shares~~management, ofthird ~~its~~party ~~common~~processing ~~stock~~technology toand ~~two~~banking ~~investors~~regulatory ~~who~~and ~~had~~compliance. ~~subscribed~~We ~~for~~are ~~the~~a startup Company’s in the developmental ~~common~~phase ~~stock~~of the business cycle. We are building out a card and technology platform and remittance network, and are currently engaged with business partners in ~~November~~the ~~2018~~United States and globally.

OnWe intend ~~June~~to ~~18,~~utilize ~~2019,~~Endless anOne ~~investor executed~~Global a(“E1G”) ~~stock~~prepaid ~~subscription~~card ~~agreement~~services to ~~purchase~~provide ~~200~~prepaid cards to under-banked consumers,~~000~~ ~~shares~~primarily oftargeting ~~common~~foreign ~~stock~~workers. The primary services to be offered are centered on the issuance of MasterCard credit and debit cards to qualified consumers in the ~~Company~~United atStates $1of America (“USA”).00 ~~per~~Business ~~share~~rollout is intended to be implemented in phases. ~~The~~Phase ~~subscriber~~I ~~had~~of development ~~paid~~included ~~$200~~targeting and establishing relationships with partner companies in both USA,~~000~~ Mexico and India. Business relationships shall be secured to ~~the~~implement ~~Company~~domestically onissued ~~July~~prepaid ~~16,~~cards ~~2019~~and ~~for~~financial ~~the~~services ~~purchase~~in each of those markets. Our aim by this development phase is to enable a low cost, efficient solution to both the ~~common~~US ~~stock~~accountholders and their respective family and friends in partner countries. ~~The~~Our ~~Company~~accounts are designed to enable foreign workers to have their payroll deposited directly onto the MasterCard issued ~~200~~by us. Card recipients will then be able to pay bills,~~000~~ ~~shares~~send ofmoney ~~common~~abroad and utilize the MasterCard to access Automated ~~stock~~Teller Machines (“ATMs”) and make purchases at retail merchants. Services will also be provided to ~~the~~enable ~~investor~~card onloading of ~~July~~funds ~~24,~~through ~~2019~~retail merchant locations. We also intend to implement value added programs such as loyalty discounts that shall be provided as part of the card benefits.

~~Stock~~After ~~Subscriptions~~successful ~~Received~~rollout inof ~~Advance~~Phase I development programs, the Company intends to expand to additional countries and territories as part of its Phase II development plan. The Company shall provide the same services to these new territories. Phase II territories will include Europe, Philippines, United Arab Emirates, Pakistan and China.

OnOur February 27, 2019, an investor executed a stock subscription agreement to purchase 5,264 shares of common stock of the Company at $1.90 per share. The investor paid $10,002 to the Company on February 27, 2019. The Company has recorded $10,002 as subscriptions received in advance as of September 30, 2019. On October 10, 2019, the Company issued to the investor 5,264 shares of common stock for the stock subscriptions. Strategy

OnTo ~~March~~successfully ~~14,~~grow 2019, a former stockholder executed a stock subscription agreement to purchase 3,155,000 shares of common stock for $0.25 per share. The Company received a cash consideration of $788,750 from the shareholder and ~~has~~expand ~~recorded~~our ~~$788~~business,~~750 as subscriptions received in advance as of September~~ ~~30,~~we ~~2019.~~intend ~~On October 10, 2019, the Company issued 2,030,000 shares of common stock~~ to ~~the~~deploy ~~stockholder and~~ the ~~remaining~~following ~~1,125,000 shares~~primary ofmarketing ~~common stock were distributed between the seventeen (17) family members pursuant to the stockholder’s instructions.~~ strategies:

On● ~~March~~Target ~~20,~~those ~~2019,~~foreign anmarket ~~investor~~Immigrants executed a stock subscription agreement to purchase 50,000 shares of common stock of the Company at $2.00 per share. On March 27, 2019, the subscriber paid $100,000 to the Company for the stock subscriptions. The Company has recorded $100,000 as subscriptions received in ~~advance as of September 30, 2019. On October 10, 2019,~~ the ~~Company~~US ~~issued~~by tometro ~~the investor 50,000 shares of common stock for the stock subscriptions.~~ area;

On April 3, 2019, an investor executed a stock subscription agreement to purchase 8,000 shares of common stock of the Company at $2.00 per share. The investor paid $16,000 to the Company on April 3, 2019 and the Company has recorded $16,000 as stock subscriptions received in advance as of September 30, 2019. The Company has issued the 8,000 shares of common stock to the investor on October 10, 2019. 11

On● ~~April~~Establish 9,Ambassadors ~~2019, an investor advanced the Company $4,000 towards the purchase of 16,000 shares of common stock. The Company has recorded $4,000 as stock subscriptions received~~ in ~~advance~~high asdensity ofmetro ~~June~~areas ~~30,~~– ~~2019.~~Sales On& ~~October~~Marketing ~~10, 2019, the Company issued to the stockholder 16,000 shares of common stock for these stock subscriptions.~~Representatives;

On● ~~May~~Setup ~~16,~~Internet ~~2019,~~Infrastructure ~~an investor executed a stock subscription agreement~~ to ~~purchase~~enable ~~200,000~~family\friend ~~shares~~Issuance of common stock of the Company at $0.50 per share. The Company received cash consideration of $100,000 from the investor on May 16, 2019. The Company has recorded $100,000 as stock subscriptions received in ~~advance~~each ~~as of September 30~~market, ~~2019.~~utilizing ~~The~~digital ~~Company~~marketing ~~has~~to ~~issued~~drive ~~the~~traffic ~~200,000 shares of common stock~~ to the ~~investor~~Company’s ~~on October 10, 2019.~~domain;

On● ~~June~~Utilize ~~14,~~retail ~~2019,~~distribution an investor executed a stock subscription agreement to purchase 5,000 shares of common stock of the Company at $2.00 per share. The Company received the cash consideration of $10,000 from an investor on July 10, 2019. The Company has recorded $10,000 as stock subscriptions received in advance as of September 30, 2019. On October 10, 2019, the Company issued to the investor 5,000 shares of its common stock for stock subscriptions.partners;

On● ~~June~~Utilize ~~17,~~accountholder ~~2019,~~incentives anto ~~investor~~create ~~executed~~ a ~~stock~~viral ~~subscription~~referral ~~agreement~~base to ~~purchase~~bring 240,000 shares of common stock of the Company at $0.25 per share. The subscriber had paid $60,000 to the Company on July 16, 2019 for the purchase of the common stock. The Company has recorded $60,000 as stock subscriptions received in ~~advance~~new asaccountholders; ~~of September 30, 2019. The Company issued 240,000 shares of common stock to the investor on October 10, 2019.~~and

10● Add new products and services to existing accountholders to generate increased usage per accountholder;

OnOnce ~~August 14, 2019, an investor executed a stock subscription agreement to purchase 8,000 shares of~~ the Company’s ~~common~~has ~~stock~~deployed ~~for~~these ~~$2.00 per share. The Company received~~primary astrategies ~~cash~~in ~~consideration~~USA, ofcross ~~$16,000~~marketing ~~from~~to the ~~investor~~other oncountries ~~August~~will ~~16,~~be ~~2019.~~implemented ~~The~~using ~~Company has recorded $16,000 as stock subscriptions received in advance as of September 30, 2019 for~~ the ~~purchase~~same ofstrategy ~~the common stock~~(e.g. OnUSA ~~October 10, 2019, the Company issued~~ to ~~the investor~~Philippines ~~8,000~~and ~~shares~~Canada ofto ~~its common stock for stock subscriptions~~Mexico).

OnMetro ~~September~~Area 17, 2019, two investors executed two separate subscription agreements to purchase 17,500 shares of the Company’s common stock at $2.00 per share. The Company received cash consideration of $35,000 from the investors on September 27, 2019. The Company has recorded $35,000 as stock subscriptions received in advance as of September 30, 2019. On October 23, 2019, the Company issued to the investors 17,500 shares of its common stock for stock subscriptions.Marketing

OnThe ~~September~~Company ~~19,~~has ~~2019,~~identified anseveral ~~investor executed~~primary ametropolitan ~~stock~~areas ~~subscription~~and ~~agreement~~sub-market areas to ~~purchase~~focus ~~28,000~~its ~~shares~~US-based ofmarketing into the ~~Company’s~~foreign ~~common~~worker ~~stock~~concentrated ~~at $0~~markets.25 ~~per~~These ~~share.~~areas include ~~The~~Los ~~Company~~Angeles, ~~received $7~~San Francisco,~~000~~ ~~for~~San ~~the~~Diego, ~~stock~~Houston, ~~subscriptions~~Dallas, ~~from~~New ~~the~~York, ~~investor~~Chicago, Washington DC, Atlanta, Miami and ~~recorded~~the itsurrounding area assub-markets. ~~stock~~The ~~subscriptions~~Company ~~received~~intends into ~~advance~~secure asrepresentatives in each of ~~September~~these markets to setup distribution points with foreign ~~30,~~market ~~2019.~~centric Onservices ~~October~~including 10organizations related to religion, ~~2019~~healthcare, ~~the~~community, ~~Company~~and ~~issued~~employment. toThe ~~the~~representatives will ~~investor~~include ~~28,000~~direct ~~shares~~employees ofand ~~common~~bank ~~stock~~approved ~~for~~independent ~~these~~agents. ~~stock~~Deeper ~~subscriptions~~expansion into other metropolitan markets will be evaluated and prioritized once the Company has met its initial primary business objectives.

OnInternet ~~September~~Access ~~25,~~and 2019, an investor executed a stock subscription agreement to purchase 12,500 shares of the Company’s common stock at $2.00 per share. The Company received cash consideration of $25,000 from the investor on September 27, 2019. The Company recorded $25,000 as stock subscriptions received in advance as of September 30, 2019. On October 23, 2019, the Company issued to the investors 12,500 shares of its common stock for stock subscriptions.Marketing

AsThe aMonetiva ~~result~~website ofwill ~~all~~be ~~common stock issuances,~~developed ~~the~~to ~~total~~easily ~~issued~~enable ~~and~~accountholder ~~outstanding~~registration ~~shares~~in ofthe ~~common~~US ~~stock~~and ~~were~~provide ~~22,866,000~~access ~~shares~~to ~~and~~registration ~~8,000,000~~in ~~shares~~each atof ~~September~~the ~~30,~~home ~~2019~~markets ~~and~~through ~~December~~Monetiva’s ~~31,~~issuing ~~2018, respectively~~partners. InThis ~~addition,~~will ~~the~~allow ~~Company~~effective ~~recorded~~communications ~~$1,171,752~~to ~~and~~the ~~$690,500~~consumers asin ~~stock~~each ~~subscriptions~~market ~~received~~while inutilizing ~~advance~~the ~~as of~~Know ~~September~~Your ~~30,~~Customer (“KYC”) ~~2019~~verification and ~~December~~compliance ~~31,~~process ~~2018,~~that ~~respectively~~has already been established through the existing systems.

~~Preferred~~Social ~~stock~~Media and Digital Marketing will be used to target consumers. We also intend to affiliate with websites and brands that focus on the same consumer markets.

NoRetail ~~preferred~~Distribution ~~stock was issued and outstanding as of September 30, 2019 and December 31, 2018, respectively.~~Partners

~~NOTE~~We 10are –in ~~SUBSEQUENT~~discussions ~~EVENTS~~with several retail chains to offer the Monetiva Card through their retail distribution network. The cards will be available for immediate activation and loading from the local stores. Once KYC is provided and verified, the cards will be converted from non-reloadable to reloadable and available for personalization if requested. Inventory control will be established with each retail partner.

~~Management~~Accountholder has evaluated subsequent events through the date of this Form 10-Q, the date the financial statements were available to be issued, noting the following items would impact the accounting for events or transactions in the current period or require additional disclosure.Incentives

11The foreign worker communities generally provide a cohesive network that enables incentive programs for one accountholder to refer friends or family. We intend to provide the referring accountholder with valued incentives to bring others into the Monetiva program.

~~Equity Transactions~~ Value-added Services

AsWe have developed a ~~result~~number of ~~all~~value-added services ~~stock~~to ~~issuances~~increase in the ~~offerings,~~value aof ~~total~~the ofservice 26offering to accountholders including retail discounts,~~611,264~~ ~~shares~~healthcare ofdiscounts, ~~common~~usage points, ~~stock~~long ofdistance ~~the~~telephone, ~~Company~~bill-paying, ~~have~~etc. ~~been~~These ~~issued~~services ~~and~~are ~~outstanding~~intended asto ofdrive ~~the~~more ~~date~~transaction ~~of this~~activity ~~Form~~and ~~10-Q~~new accountholder traffic.

~~Lease Transaction~~12

OnGlobal ~~October~~Remittance 1, 2019, pursuant to the terms of the lease agreement, the Company paid $79,000 to the landlord, consisting of an additional security deposit of $10,000 and $69,000 as prepaid rent for the six months term December 1, 2019 to May 31, 2020 (See NOTE 7).Market

~~Securities~~We are focused on select remittance corridors to enable Monetiva to specialize in the scope, value and ~~Exchange~~quality ~~Commission~~of ~~Order~~services. According to the migrationdataportal.org the volume of remittances from the USA to the target markets in 2019 was projected to be as follows:

On August 22, 2019, the Company became aware of an Securities and Exchange Commission Order Instituting Administrative Proceedings and Notice of Hearing alleging that the Company is delinquent in certain of its periodic filings with the Commission and indicating that administrative proceedings are intended to be held (i) to determine all delinquent filings and any defenses of the Company for any such delinquent filings, and (ii) to make a decision as whether it may be appropriate to take any action to suspend or revoke the Company’s registration of its securities. The date of the Commission Order is August 14, 2019. The Company is actively working to resolve any delinquent filings as quickly as possible and intends to demonstrate to the Commission its diligence in that regard and filed an answer in response to the assertions made by the Commission.

Receiving Country	USD in billions
Mexico	$	38.7
India	$	82.2
China	$	70.3
Philippines	$	35.1

On September 18, 2019, the Division of Enforcement of the Securities and Exchange Commission filed with the Office of the Secretary a Motion for Ruling on the Pleadings Against the Company seeking an order to revoke each class of securities of the Company registered with the Commission pursuant to Section 12(j) of the Securities Exchange Act of 1934https://migrationdataportal. ~~At this time, the Company is diligently working to eliminate its filing delinquencies, and intends to become current on its filings on or before December 31, 2019.~~org/themes/remittances

~~Service~~Results ~~Agreement~~of ~~with E1G~~Operations

OnOur orresults ~~about~~of ~~September~~operations ~~30,~~for ~~2019,~~ the ~~Company~~three ~~entered~~months ~~into~~ended anMarch ~~oral~~31, ~~agreement~~2020 ~~with~~and ~~E1G~~2019 toincluded ~~provide~~the ~~data~~operations ~~processing,~~of ~~transaction~~the ~~processing~~Company. ~~and~~We ~~related~~reported ~~services~~a ~~for~~net ~~the~~loss ~~prepaid debit~~of ~~accounts~~$202,745 ~~created~~and ~~for~~$126,308 applicable to the Company’s ~~customers~~common instockholders ~~these~~for ~~additional~~the ~~countries~~three -months ~~China,~~ended ~~Europe,~~March ~~Philippines~~31, ~~Pakistan~~2020 and ~~United~~ ~~Arab~~2019, ~~Emirates~~respectively. ~~All~~The ~~other~~increase ~~terms~~in ~~and~~loss in ~~conditions~~2020 asresulted ~~set~~primarily ~~forth~~due into the ~~agreement~~increase toin ~~remain~~officer’s ~~the~~compensation ~~same~~expense, asprofessional ~~per~~and ~~the~~consulting ~~January 15~~expenses, ~~2018~~and ~~agreement~~other ~~with~~general ~~E1G~~and administrative expenses.

AsLiquidity ~~of November 30, 2019, the Company has paid to E1G $924,780 as the processing fees to initiate~~ and ~~establish~~Capital ~~BINs for the Company in these selected countries.~~Resources

12Our cash balance at March 31, 2020 was $285,692 as compared to $253,100 at December 31, 2019. As shown in the accompanying condensed financial statements, we recorded a net loss of $202,745 for the three months ended March 31, 2020. Our accumulated deficit at March 31, 2020 was $1,574,762 and net cash used in operating activities for the three months ended March 31, 2020 was $237,408. These factors and our ability to raise additional capital to accomplish our objectives, raises doubt about our ability to continue as a going concern. We expect our expenses will continue to increase during the foreseeable future as a result of increased operational expenses and the development of our current business operations. We anticipate generating only minimal revenues over the next twelve months. Consequently, we are dependent on the proceeds from future debt or equity investments to sustain our operations and implement our business plan. If we are unable to raise sufficient capital, we will be required to delay or forego some portion of our business plan, which would have a material adverse effect on our anticipated results from operations and financial condition. There is no assurance that we will be able to obtain necessary amounts of capital or that our estimates of our capital requirements will prove to be accurate.

~~Item~~From February 2, 2018 through May 6, 2020, we were engaged in private exempt offerings in reliance on Regulation D, Rule 506, whereby we raised a total amount of $2.,662,252, which ~~Management’s~~was ~~Discussion~~immediately made available to us to cover our operating expenses and ~~Analysis~~other development costs. We presently do not have any significant credit available, bank financing or ~~Plan~~other external sources of ~~Operation~~liquidity. Due to our operating losses, our operations have not been a source of liquidity. We will need to acquire other profitable entities or obtain additional capital in order to expand operations and become profitable. In order to obtain capital, we may need to sell additional shares of our common stock or borrow funds from private lenders. There can be no assurance that we will be successful in obtaining additional funding.

~~This Quarterly~~To ~~Report~~the ~~Form~~extent ~~10-Q~~that ~~contains~~we ~~forward-looking~~raise ~~statements.~~additional capital ~~Our~~through ~~actual~~the ~~results~~sale ~~could~~of ~~differ~~equity ~~materially~~or ~~from~~convertible ~~those~~debt ~~set~~securities, ~~forth as~~the aissuance of such securities may result ofin ~~general~~dilution ~~economic~~to ~~conditions~~existing stockholders. ~~and~~If ~~changes~~additional infunds are raised through the ~~assumptions~~issuance ~~used~~of indebt ~~making~~securities, ~~such~~these ~~forward-looking~~securities ~~statements.~~may ~~The following~~have ~~discussion~~rights, preferences and ~~analysis~~privileges ofsenior ~~our~~to ~~financial~~holders ~~condition~~of common stock and ~~results~~the terms of such debt could impose restrictions on our operations. ~~should~~Regardless of whether our cash assets prove to be ~~read~~inadequate ~~together~~to ~~with~~meet ~~the~~our ~~unaudited condensed~~operational ~~financial~~needs, ~~statements~~we ~~and~~may ~~accompanying~~seek ~~notes~~to ~~and~~compensate ~~the~~providers ~~other~~of ~~financial~~services by ~~information~~issuance ~~appearing~~of ~~elsewhere~~stock in ~~this~~lieu ~~report~~of cash, which may also result in dilution to existing shareholders. ~~The~~ ~~analysis~~Even ~~set~~if ~~forth~~we ~~below~~are able to raise the funds required, it is ~~provided~~possible ~~pursuant~~that towe ~~applicable~~could ~~Securities~~incur unexpected costs and ~~Exchange~~expenses, ~~Commission~~fail ~~regulations~~to ~~and~~collect issignificant ~~not~~amounts ~~intended~~owed to ~~serve~~us, asor aexperience ~~basis~~unexpected ~~for~~cash ~~projections~~requirements ofthat ~~future~~would ~~events~~force us to seek alternative financing.

We are a development stage enterprise and are incorporated in the State of Delaware in July 2016. As of the date of inception to the date of this quarterly report, we did not generate any revenue and incurred expenses and operating losses, as part of our development stage activities. We have experienced a net loss of $548,520 for the nine months ended September 30, 2019, net cash used in operating activities of $955,775, and have recorded an accumulated deficit of $1,137,706 at September 30, 2019.13

~~We anticipate~~No ~~that~~assurance wecan ~~will~~be ~~need~~given ~~substantial~~that ~~working~~sources of ~~capital~~financing ~~over~~will ~~the~~be ~~next~~available 12to ~~months~~us toand/or ~~continue~~that asdemand afor ~~going~~our ~~concern~~equity/debt ~~and~~instruments towill ~~expand our~~be ~~operations~~sufficient to ~~distribute,~~meet ~~sell~~our ~~and~~capital needs, ~~market~~or ~~products~~that ~~and~~financing ~~solutions.~~will ~~Our~~be ~~independent~~available ~~auditors~~on ~~have~~terms ~~expressed~~favorable ~~substantial doubt as~~ to ~~the~~us. ~~ability~~If offunding ~~the~~is ~~Company~~insufficient toat ~~continue~~any astime ain ~~going~~the ~~concern.~~future, ~~Unless~~ we ~~are~~may not be able to ~~generate~~take ~~sufficient~~advantage ~~cash~~of ~~flows~~business ~~from~~opportunities ~~operations and/~~or ~~obtain~~respond ~~additional~~to ~~financing,~~competitive ~~there~~pressures isor amay ~~substantial~~be ~~doubt~~required as to reduce the ~~ability~~ scope of ~~the~~our ~~Company~~planned toservice ~~continue~~development asand amarketing ~~going~~efforts, ~~concern. We~~any ~~intend~~of towhich ~~make~~could anhave ~~equity~~a ~~offering~~negative ofimpact on our ~~common~~business ~~stock for the acquisition~~ and ~~operation expenses~~operating results. IfIn weaddition, ~~cannot~~insufficient ~~raise~~funding ~~the~~may ~~required cash,~~have wea ~~will~~material ~~issue~~adverse ~~additional~~effect ~~shares~~on of our ~~common~~financial ~~stock~~condition, inwhich ~~lieu~~could ofrequire ~~cash.~~us to:

~~Our Current~~● ~~Business~~Curtail our operations significantly, or

~~Monetiva’s primary~~● ~~objective~~Seek isarrangements ~~to offer prepaid card and money remittance services to under-banked, underserved markets and foreign workers. We are supported by an experienced management team~~ with ~~extensive~~strategic ~~background~~partners ~~and~~or ~~qualifications~~other inparties ~~our~~that ~~core~~may ~~business,~~require ~~including prepaid~~us ~~card~~to ~~issuance,~~relinquish ~~program~~significant ~~management,~~rights ~~third~~to ~~party processing~~ technology ~~and banking regulatory and compliance. We are a startup Company in the developmental phase of the business cycle. We are building out a card and technology~~ platform and ~~remittance~~correlated ~~network and~~services, ~~are currently engaged with business partners in the United States and globally.~~or

~~We intend to~~● ~~utilize~~Explore ~~Endless~~other ~~One~~strategic ~~Global~~alternatives ~~(“E1G”)~~including prepaid card services to provide prepaid cards to under-banked consumers, primarily targeting foreign workers. The primary services to be offered are centered on the issuance of MasterCard credit and debit cards to qualified consumers in the US. Business rollout is intended to be implemented in phases. Phase I of development includes targeting and establishing relationships with partner companies in both U.S., Mexico and India. Business relationships shall be secured to implement domestically issued prepaid cards and financial services in each of those markets. Our aim by this development phase is to enable a ~~low~~merger ~~cost,~~or ~~efficient~~sale solution to both the US accountholders and their respective family and friends in partner countries. Our accounts are designed to enable foreign workers to have their payroll deposited directly onto the Mastercard issued by us. Card recipients will then be able to pay bills, send money abroad and utilize the Mastercard to access Automated Teller Machines (“ATMs”) and make purchases at retail merchants. Services will also be provided to enable card loading of ~~funds~~our ~~through retail merchant locations~~Company. ~~We also intend to implement value added programs such as loyalty discounts that shall be provided as part of the card benefits.~~

~~After~~Operating successful rollout of Phase I development programs, we have expanded our programs to additional countries and territories as part of our Phase II development plan. We shall provide the same services to these new territories. Phase II territories include Europe, Philippines, United Arab Emirates, Pakistan and China. Activities

13Net cash used in operating activities for the three months ended March 31, 2020 was $237,408 which resulted primarily from our net loss of $202,745, and net change in operating assets and liabilities of $34,663, attributable to increase in prepaid expenses of $110,500 due to prepaid deposits towards BIN, increase in accrued liabilities of $15,942, and increase in accrued payroll of officer of $59,895. Net cash used in operating activities for the three months ended March 31, 2019 was $203,681 which resulted primarily from our net loss of $126,308, and net change in operating assets and liabilities of $78,573, attributable to increase in prepaid expenses of $123,800 due to prepaid deposits towards BIN, increase in rent receivable of $6,385, increase in accrued liabilities of $53,250, and decrease in deferred rent of $1,638.

~~Our Strategy~~Investing Activities

~~To successfully~~Net ~~grow~~cash ~~and~~provided ~~expand~~by ~~our~~investing ~~business,~~activities for wethe ~~intend~~three tomonths ~~deploy~~ended ~~the~~March ~~following~~31, ~~primary~~2020 ~~marketing~~and ~~strategies:~~2019, was $0.

●Financing ~~Target those foreign market Immigrants in the US by metro area;~~Activities

●Net ~~Establish~~cash ~~Ambassadors~~provided by financing activities for the three months ended March 31, 2020 was $270,000 primarily due to cash received from sale of common stock of $70,000 and cash proceeds of $200,000 received in ~~high~~advance ~~density~~from ~~metro~~stock ~~areas~~subscriptions. –Net ~~Sales~~cash &provided ~~Marketing~~by ~~Representatives;~~financing activities for the three months ended March 31, 2019 was $464,602 primarily due to $360,002 of cash proceeds received in advance from stock subscriptions, $160,000 of cash proceeds from issuance of common stock, cash payments of $400 paid to the Officer, and cash payment of $55,000 for short term loans.

●As ~~Setup~~a ~~Internet~~result ~~Infrastructure~~of tothe ~~enable~~above ~~family\friend~~activities, ~~Issuance~~we experienced a net increase in ~~each~~cash ~~market~~of $32,592 ~~utilizing~~for ~~digital~~the ~~marketing~~three tomonths ~~drive~~ended ~~traffic~~March 31, 2020. Our ability to ~~the~~continue ~~Company’s~~as ~~domain;~~a going concern is still dependent on our success in obtaining additional financing from investors or from sale of our common shares.

●Critical ~~Utilize~~Accounting ~~retail~~Policies ~~distribution~~and ~~partners;~~Significant Judgments and Estimates

●Our ~~Utilize~~management’s ~~accountholder~~discussion ~~incentives~~and analysis of our financial condition and results of operations is based on our financial statements which we have prepared in accordance with USGAAP. In preparing our financial statements, we are required to ~~create~~make aestimates ~~viral~~and ~~referral~~assumptions ~~base~~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 ~~bring~~make estimates about the effect of matters that are inherently uncertain and may change in ~~new~~subsequent ~~accountholders;~~periods. Our actual results could differ from these estimates and such differences could be material.

●While ~~Add~~our ~~new~~significant ~~products~~accounting ~~and~~policies are ~~services~~described in more details in Note 2 of our annual financial statements included in our 2019 Annual Report filed with the SEC on March 25, 2020, we believe the following accounting policies to ~~existing~~be ~~accountholders~~critical to ~~generate~~the ~~increased~~judgments ~~usage~~and ~~per~~estimates ~~accountholder;~~used in the preparation of our financial statements.

Once we have deployed these primary strategies in the US, cross marketing to the other countries will be implemented using the same strategy (e.g. United States of America to Philippines and Canada to Mexico).14

~~Metro Area~~JOBS ~~Marketing~~Act Accounting Election

We ~~have~~ ~~identified~~are ~~several~~an ~~primary~~“emerging ~~metropolitan~~growth ~~areas~~company,” as ~~and~~defined ~~sub-market~~in ~~areas~~the toJOBS ~~focus~~Act. ~~its~~Under ~~US-based marketing into~~ the ~~foreign~~JOBS ~~worker concentrated~~Act, ~~markets.~~emerging ~~These~~growth ~~areas~~companies ~~include~~can ~~Los~~delay ~~Angeles,~~adopting ~~San~~new ~~Francisco,~~or ~~San~~revised ~~Diego,~~accounting ~~Houston,~~standards issued ~~Dallas,~~subsequent ~~New~~to ~~York,~~the ~~Chicago,~~enactment ~~Washington DC,~~of ~~Atlanta,~~the ~~Miami~~JOBS ~~and~~Act ~~the~~until ~~surrounding~~such ~~area~~time ~~sub-markets.~~as Wethose ~~intend~~standards apply to ~~secure~~private ~~representatives~~companies. inWe ~~each~~have ofirrevocably elected ~~these~~not ~~markets~~ to ~~setup distribution~~avail ~~points~~ourselves ~~with~~of ~~foreign~~this ~~market~~exemption ~~centric~~from ~~services~~new ~~including~~or ~~organizations~~revised ~~related~~accounting ~~to religion~~standards, ~~healthcare~~and, ~~community~~therefore, ~~and employment. The representatives~~ will ~~include~~be ~~direct~~subject ~~employees~~to ~~and~~the same ~~bank~~new ~~approved~~or ~~independent~~revised ~~agents.~~accounting ~~Deeper~~standards ~~expansion~~as ~~into~~ other ~~metropolitan~~ ~~markets~~public ~~will~~companies bethat ~~evaluated~~are ~~and~~not ~~prioritized~~emerging ~~once~~growth ~~we have met our initial primary business objectives~~companies.

~~Internet Access~~Fair value of Financial Instruments and ~~Marketing~~Fair Value Measurements

~~Our website~~ASC ~~will~~820, be“Fair ~~developed~~Value toMeasurements and ~~easily~~Disclosures”, ~~enable~~requires ~~accountholder~~an ~~registration~~entity into maximize the USuse ~~and~~of ~~provide~~observable ~~access~~inputs toand ~~registration~~minimize inthe ~~each~~use of unobservable inputs ~~the~~when ~~home~~measuring ~~markets~~fair ~~through~~value. ~~our~~ASC ~~issuing~~820 ~~partners.~~establishes ~~This~~a ~~will~~fair ~~allow~~value ~~effective~~hierarchy ~~communications~~based toon the ~~consumers~~level inof ~~each~~independent, ~~market~~objective ~~while utilizing~~evidence surrounding the ~~Know~~inputs ~~Your~~used ~~Customer~~to ~~(“KYC”)~~measure ~~verification~~fair ~~and~~value. ~~compliance~~A ~~process~~financial ~~that~~instrument’s ~~has~~categorization ~~already~~within ~~been~~the ~~established~~fair ~~through~~value hierarchy is based upon the ~~existing~~lowest ~~systems~~level of input that is significant to the fair value measurement.

~~Social Media~~Development ~~and~~Stage ~~Digital Marketing will be used to target consumers. We also intend to affiliate with websites~~ and ~~brands~~Capital ~~that focus on the same consumer markets.~~Resources

~~Retail~~The Company has devoted substantially all ~~Distribution~~of ~~Partners~~its efforts to business planning since its inception on July 22, 2016. Accordingly, the Company is considered to be in the development stage. The Company has not generated revenues from its operations, and it will not commence generating revenues until sometime during the fourth quarter of 2020.

We are in discussions with several retail chains to offer the Monetiva Card through their retail distribution network. The cards will be available for immediate activation and loading from the local stores. Once KYC is provided and verified the cards will be converted from nonOff-~~reloadable~~Balance toSheet ~~reloadable and available for personalization if requested. Inventory control will be established with each retail partner.~~Arrangements

~~Accountholder~~We have not engaged in any off-balance ~~Incentives~~sheet arrangements as defined in Item 303(c) of the SEC’s Regulation S-B. We did not have any relationships with unconsolidated organizations or financial partnerships, such as structured finance or special-purpose entities that would have been established for the purpose of facilitating off-balance sheet arrangements or other contractually narrow or limited purposes.

~~The foreign~~Recent ~~worker~~Accounting communities generally provide a cohesive network that enables incentive programs for one account holder to refer friends or family. We intend to provide the referring account holder with valued incentives to bring others into the Monetiva program.Pronouncements

~~Value-added~~We have implemented all new accounting ~~Services~~pronouncements that are in effect and that may impact our financial statements and do not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on our financial position or results of operations which have not been adopted.

~~We have~~Impact ~~developed a suite~~ of ~~value~~COVID-added services to increase the value of the service offering to accountholders including retail discounts, healthcare discounts, usage points, long distance telephone, bill-paying, etc. These services are intended to drive more transaction activity and new accountholder traffic.19

14During the three months ended March 31, 2020, the effects of a new coronavirus (“COVID-19”) and related actions to attempt to control its spread began to impact our business. The impact of COVID-19 on our operating results for the three months ended March 31, 2020 was limited, in all material respects, due to the government mandated numerous measures, including closures of businesses, limitations on movements of individuals and goods, and the imposition of other restrictive measures, in its efforts to mitigate the spread of COVID-19 within the country.

~~Global~~On March 11, 2020, the World Health Organization ~~Remittance~~designated ~~Market~~COVID-19 as a global pandemic. Governments around the world have mandated, and continue to introduce, orders to slow the transmission of the virus, including but not limited to shelter-in-place orders, quarantines, significant restrictions on travel, as well as work restrictions that prohibit many employees from going to work. Uncertainty with respect to the economic effects of the pandemic has introduced significant volatility in the financial markets.

We are focused on select remittance corridors to enable Monetiva to specialize in the scope, value and quality of services. According to the economists at the World Bank (https://www.pewresearch.org/global/interactives/remittance-flows-by-country/) the volume of remittances from the US to the target markets in 2018 was:15

Receiving Country	USD (in billions)
Mexico	$	34.0
India	$	80.0
China	$	67.0
Philippines	$	34.0

To the extent that COVID-19 continues or worsens, governments may impose additional restrictions or additional governments may impose restrictions. The result of COVID-19 and those restrictions could result in a number of adverse impacts to our business, including but not limited to additional disruption to the economy and consumers’ willingness and ability to spend, temporary or permanent closures by businesses that will consume our credit and debit cards, additional work restrictions, and supply chains being interrupted, slowed, or rendered inoperable. As a result, it may be challenging to obtain and process credit and debit card transactions and supply chains to support our business needs, and individuals could become ill, quarantined, or otherwise unable to work and/or travel due to health reasons or governmental restrictions. Also, governments may impose other laws, regulations or taxes which could adversely impact our business, financial condition or results of operations. Further, if our customers’ businesses or incomes are similarly affected, they might delay or reduce usage by our cardholders. The potential effects of COVID-19 also could impact us in a number of other ways including, but not limited to, reductions to our profitability, laws and regulations affecting our business, the availability of future borrowings, the cost of borrowings, and credit risks of our cardholders and counterparties. The Company demonstrates adverse conditions that raise substantial doubt about the Company’s ability to continue as a going concern. The continuation of the Company as a going concern, in conjunction with COVID-19 impact, is dependent upon the continued financial support from its shareholders, the ability of the Company to obtain necessary financing to continue operations, and the attainment of profitable operations. Given the evolving health, economic, social, and governmental environments, the potential impact that COVID-19 could have on our business remains uncertain. If the Company is unable to obtain adequate capital, it could be forced to cease operations.

~~Results of~~Item ~~Operations~~3. Quantitative and Qualitative Disclosures About Market Risks.

~~Our~~Not ~~results of operations for the three months and nine months ended September 30, 2019 and 2018 included the operations of the Company~~Applicable. We reported a net loss of $242,435 and $548,520 for the three months and nine months ended September 30, 2019 applicable to the Company’s common stockholders, as compared to the net loss of $132,740 and $374,956 for the three months and nine months ended September 30, 2018. The increase in loss in 2019 resulted primarily due to the increase in officer’s compensation expense, travel and entertainment expense, rent, professional and consulting expenses, and other general and administrative expenses, offset by increase in rental income.

~~Liquidity and~~Item ~~Capital~~4. ~~Resources~~Controls and Procedures.

~~Cash~~Evaluation ~~and cash equivalents were $530,616 at September 30, 2019 as compared to $10,039 at December 31, 2018. As shown in the accompanying financial statements, we recorded a net loss~~ of ~~$542,569~~Disclosure ~~for~~Controls ~~the nine months ended September 30, 2019. Our accumulated deficit at September 30, 2019 was $1,137,706~~ and ~~net cash used in operating activities for the nine months ended September 30, 2019 was $955,775. These factors and our ability~~ to raise additional capital to accomplish our objectives, raises substantial doubt about our ability to continue as a going concern. We expect our expenses will continue to increase during the foreseeable future as a result of increased operational expenses and the development of our current business operations. We anticipate generating only minimal revenues over the next twelve months. Consequently, we are dependent on the proceeds from future debt or equity investments to sustain our operations and implement our business plan. If we are unable to raise sufficient capital, we will be required to delay or forego some portion of our business plan, which would have a material adverse effect on our anticipated results from operations and financial condition. There is no assurance that we will be able to obtain necessary amounts of capital or that our estimates of our capital requirements will prove to be accurate.Procedures

~~From~~As ~~February~~of 2,the ~~2018~~end ~~through~~of ~~November~~the period covered by ~~30,~~this ~~2019~~report, we ~~were~~carried ~~engaged~~out inan ~~private~~evaluation, ~~exempt~~under ~~offerings~~the insupervision ~~reliance~~and onwith ~~Regulation~~the D,participation ~~Rule~~of ~~506~~our management, ~~whereby~~including weour ~~raised~~Principal Executive aOfficer ~~total~~and ~~amount~~Principal ~~of $2~~Financial Officer,~~262,252,~~ ~~which~~of ~~was~~the ~~immediately~~effectiveness ~~made~~of ~~available~~our todisclosure uscontrols toand ~~cover~~procedures, ~~our~~as ~~operating~~defined ~~expenses,~~in Rules ~~salaries~~13a-15(e) and ~~other~~15d-15(e) ~~development~~of ~~costs~~the Securities Exchange Act of 1934. ~~We presently~~Currently, dothere ~~not~~is ~~have~~only ~~any~~one ~~significant~~officer ~~credit~~and ~~available~~director of the Company, ~~bank~~and ~~financing~~as orsuch ~~other~~is ~~external~~solely ~~sources~~responsible offor ~~liquidity.~~evaluating ~~Due~~the toCompany’s ~~our~~disclosure ~~operating~~controls and procedures. Based upon that ~~losses~~evaluation, ~~our~~the ~~operations~~principal ~~have~~executive ~~not~~officer ~~been~~believes athat ~~source~~the Company’s disclosure controls and procedures are not effective as of ~~liquidity~~March 31, 2020 due to the following material weaknesses. We ~~will~~lacked ~~need~~the ability to ~~acquire~~have ~~other~~adequate ~~profitable~~segregation ~~entities~~of orduties ~~obtain additional~~in ~~capital~~the infinancial ~~order~~statement topreparation ~~expand~~process. ~~operations~~Further ~~and~~the ~~become~~Company ~~profitable.~~did Innot ~~order~~maintain toadequate ~~obtain~~documentation ~~capital~~for review and supporting matters impacting financial reporting in gathering, weanalyzing ~~may~~and ~~need~~disclosing information needed to ~~sell~~ensure ~~additional~~that ~~shares~~the information ofrequired ~~our~~to ~~common~~be ~~stock~~disclosed orby ~~borrow~~the ~~funds~~Company ~~from~~in ~~private~~its ~~lenders.~~periodic ~~There~~reports ~~can~~is berecorded, nosummarized ~~assurance~~and ~~that~~processed wetimely. ~~will~~The beprincipal ~~successful~~executive officer is directly involved in ~~obtaining~~the ~~additional funding~~day-to-day operations of the Company.

To the extent that we raise additional capital through the sale of equity or convertible debt securities, the issuance of such securities may result in dilution to existing stockholders. If additional funds are raised through the issuance of debt securities, these securities may have rights, preferences and privileges senior to holders of common stock and the terms of such debt could impose restrictions on our operations. Regardless of whether our cash assets prove to be inadequate to meet our operational needs, we may seek to compensate providers of services by issuance of stock in lieu of cash, which may also result in dilution to existing shareholders. Even if we are able to raise the funds required, it is possible that we could incur unexpected costs and expenses, fail to collect significant amounts owed to us, or experience unexpected cash requirements that would force us to seek alternative financing.16

15Plan for Remediation of Material Weaknesses

~~No assurance~~Since ~~can~~these beentity ~~given~~level ~~that~~controls ~~sources~~have a ofpervasive ~~financing~~effect ~~will~~across bethe ~~available~~organization, tomanagement ushas ~~and/or~~determined that ~~demand~~these ~~for~~circumstances ~~our~~constitute ~~equity/debt~~a ~~instruments~~material ~~will~~weakness. beWe ~~sufficient~~believe tothat, ~~meet~~since ~~our~~the ~~capital~~date ~~needs, or~~ that ~~financing~~we ~~will~~were bemade ~~available~~aware onof ~~terms~~our ~~favorable~~material ~~to us. If funding is insufficient at any time in the future~~weakness, we ~~may~~are ~~not~~continuing ~~be able~~ to ~~take~~improve ~~advantage~~our ofinternal ~~business~~control over ~~opportunities~~financial orreporting ~~respond~~by totaking ~~competitive~~certain ~~pressures or~~corrective ~~may~~steps bethat ~~required~~we tobelieve ~~reduce~~minimize the ~~scope~~likelihood of ~~our~~a ~~planned~~recurrence. ~~service~~We ~~development and marketing efforts, any of which could~~ have designed a ~~negative impact~~disclosure oncontrols ~~our business~~ and ~~operating~~procedures ~~results.~~regime Inpursuant ~~addition,~~to ~~insufficient~~which ~~funding may have a material adverse effect on~~ our ~~financial condition~~management has, ~~which~~among ~~could~~other ~~require us to~~things:

●(a) ~~Curtail~~identified the definition, objectives, application and scope of our ~~operations~~internal ~~significantly,~~control orover financial reporting;

●(b) ~~Seek~~delineated ~~arrangements~~the duties ~~with~~of ~~strategic~~each ~~partners~~member orof ~~other~~the ~~parties~~group ~~that~~responsible ~~may~~for ~~require~~maintaining usthe toadequacy ~~relinquish~~of ~~significant~~our ~~rights~~internal tocontrol ~~technology~~over ~~platform~~financial ~~and~~reporting. ~~correlated~~This group ~~services,~~consists orof:

●(i) ~~Explore~~our ~~other~~Chief ~~strategic~~Executive Officer; ~~alternatives including a merger or sale of our Company.~~and

~~Operating~~(ii) an independent consultant ~~Activities~~who was engaged to prepare and assure compliance with both our internal control over financial reporting as well as our disclosure controls and procedures and review our disclosure controls and procedures on a regular basis, subject to our management’s supervision.

~~Net~~We ~~cash~~continue ~~used~~to inwork ~~operating~~with ~~activities~~our ~~for~~structure ~~the~~in ~~nine~~which ~~months~~we ~~ended~~have ~~September~~an ~~30,~~independent ~~2019 was $955~~consultant,~~775~~ ~~which~~in ~~resulted~~order ~~primarily~~to ~~from~~continue ~~our~~implementation ~~net~~of ~~loss~~required ofkey ~~$548~~controls,~~520,~~ ~~common~~the ~~stock~~necessary ~~issued~~steps required for ~~services~~procedures ~~valued~~to atensure ~~$1,200,~~the appropriate communication and ~~net~~review ~~change~~of ininputs ~~operating~~necessary ~~assets~~for ~~and~~the ~~liabilities~~financial ofstatement ~~$408~~closing process,~~455,~~ as ~~attributable~~well toas ~~increase~~for inthe ~~prepaid expenses~~appropriate presentation of ~~$497,300~~disclosures ~~due~~within tothe ~~prepaid~~financial ~~deposits~~statements. ~~towards~~The ~~BIN,~~remediation ~~increase~~steps intaken ~~rent~~are ~~deposits~~subject to ofthe ~~$15,000~~Chief ~~for~~Executive ~~renting~~Officer’s ~~additional~~oversight. ~~premises, increase~~While inmanagement ~~other~~believes ~~current~~there ~~asset~~have been significant improvements of ~~$11,572~~internal controls ~~for~~over ~~rent~~financial ~~receivable,~~reporting ~~decrease~~during inthe ~~accrued~~quarter ~~liabilities~~ended ofMarch ~~$36~~31,~~853~~ 2020, ~~increase~~management inanticipates ~~accrued~~that further continuing efforts ~~payroll~~will ofbe ~~officer~~needed to effectively remediate the material deficiencies relating to segregation of ~~$158,650,~~duties and ~~decrease~~maintaining adequate supporting documentation to substantiate the information reported in ~~deferred~~the ~~rent~~financial statements which existed as of $6March 31,~~380.~~ ~~Net~~2020, ~~cash~~and ~~used~~to inassure that ~~operating~~complex ~~activities~~transactions ~~for~~are properly recorded as the ~~nine~~business ~~months ended~~continues ~~September~~to ~~30,~~grow. ~~2018~~Our ~~was~~management ~~$600~~has been actively engaged in planning for,~~492~~ ~~which~~designing ~~resulted~~and ~~primarily~~implementing ~~from~~the ~~our~~corrective ~~net~~steps ~~loss~~described ofabove ~~$374,956,~~to ~~and~~enhance ~~net~~the ~~change~~effectiveness inof ~~operating~~our ~~assets~~disclosure controls and ~~liabilities~~procedures ofas ~~$225,536,~~well ~~attributable~~as toour ~~increase~~internal incontrol ~~prepaid~~over ~~expenses~~financial ofreporting. ~~$256,280~~Our ~~due~~management is committed to ~~prepaid~~achieving ~~deposits~~and ~~towards~~maintaining a ~~BIN~~strong control environment, ~~increase in~~high ~~rent~~ethical ~~deposits~~standards, ofand ~~$25~~financial reporting integrity,~~136,~~ ~~increase~~and inwill ~~accrued~~take ~~liabilities~~further ofsteps ~~$39,587,~~to ~~increase~~ensure that inpersonnel ~~accrued~~are ~~payroll~~adequate ofin ~~officer~~terms of ~~$7,060,~~sophistication and quantity to adequately assure that the financial reporting process is ~~increase~~efficient inand ~~deferred~~operated ~~rent~~with the sufficient level of ~~$9,233~~integrity to meet and surpass all regulatory standards.

~~Financing~~While management is implementing corrective ~~Activities~~steps to remediate its internal control deficiencies, we cannot assure you that they will be sufficient enough to be free of a material weakness. If we should in the future conclude that our internal control over financial reporting suffers from a material weakness, we will be required to expend additional resources to improve it. Any additional instances of material deficiencies could require a restatement of our financial statements. If such restatements are required, there could be a material adverse effect on our investors’ confidence that our financial statements fairly present our financial condition and results of operations, which in turn could materially and adversely affect the market price of our common stock.

~~Net cash~~Changes ~~provided by financing activities for the nine months ended September 30, 2019 was $1,476,352 primarily due to cash proceeds of $1,171,752 for stock subscriptions received~~ in ~~advance,~~Internal ~~cash~~Control ~~proceeds~~over ~~of $200,000 received from sale of common stock, cash~~Financial proceeds of $160,000 received from common stock subscriptions receivable, cash payment of $55,000 paid for short term loans, and cash payment of $400 paid to the Officer. Net cash provided by financing activities for the nine months ended September 30, 2018 was $665,900 primarily due to cash proceeds of $665,500 for stock subscriptions received in advance, and cash proceeds of $400 received from the Officer for working capital needs.Reporting

~~As a~~Other ~~result~~than of the ~~above~~remediation activities, weundertaken by ~~experienced~~us aas ~~net~~disclosed ~~increase in cash of $520~~above,~~577~~ ~~for~~there ~~the~~have ~~nine~~been ~~months~~no ~~ended~~changes ~~September~~in ~~30,~~our ~~2019. Our~~internal ~~ability~~control toover ~~continue~~financial asreporting aduring ~~going~~the ~~concern~~quarter isended March ~~still~~31, ~~dependent~~2020 onthat ~~our~~have ~~success~~materially inaffected, ~~obtaining~~or ~~additional~~are ~~financing~~reasonably ~~from~~likely ~~investors or~~to ~~from~~materially ~~sale~~affect of our ~~common~~internal ~~shares~~control over financial reporting.

~~Critical Accounting Policies and Significant Judgments and Estimates~~17

~~Our management’s~~PART ~~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~~II.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.

16Item 1. Legal Proceedings.

~~While~~We ~~our significant accounting policies~~ are ~~described~~not ina ~~more~~party ~~details in Note 2 of our annual financial statements included in our 2018 Annual Report filed with the SEC on November 15, 2019, we believe the following accounting policies~~ to beany ~~critical~~legal ~~to the judgments and estimates used in the preparation of our financial statements~~proceedings.

~~JOBS Act~~Item ~~Accounting~~1A. ~~Election~~Risk Factors.

~~We are~~Not an “emerging growth company,” as defined in the JOBS Act. Under the JOBS Act, emerging growth companies can delay adopting new or revised accounting standards issued subsequent to the enactment of the JOBS Act until such time as those standards apply to private companies. We have irrevocably elected not to avail ourselves of this exemption from new or revised accounting standards, and, therefore, will be subject to the same new or revised accounting standards as other public companies that are not emerging growth companies.Applicable

~~Fair value~~Item 2. Unregistered Sales of ~~Financial~~Equity ~~Instruments~~Securities and ~~Fair~~Use ~~Value~~of ~~Measurements~~Proceeds.

~~ASC 820, “Fair Value Measurements and Disclosures”, requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value~~None. 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.

~~Development Stage~~Item ~~and~~3. ~~Capital~~Defaults ~~Resources~~Upon Senior Securities.

The Company has devoted substantially all of its efforts to business planning since its inception on July 22, 2016. Accordingly, the Company is considered to be in the development stage. The Company has not generated revenues from its operations, and it will not commence generating revenues until sometime during the second quarter of 2020.None

~~Off-Balance Sheet~~Item ~~Arrangements~~4. Mine Safety Disclosures.

We have not engaged in any off-balance sheet arrangements as defined in Item 303(c) of the SEC’s Regulation S-B. We did not have any relationships with unconsolidated organizations or financial partnerships, such as structured finance or special-purpose entities that would have been established for the purpose of facilitating off-balance sheet arrangements or other contractually narrow or limited purposes.None

~~Recent Accounting~~Item ~~Pronouncements~~5. Other Information.

WeOn ~~have~~August ~~implemented~~22, ~~all~~2019, ~~new~~the ~~accounting~~Company became ~~pronouncements~~aware of an Securities and Exchange Commission Order Instituting Administrative Proceedings and Notice of Hearing alleging that the ~~are~~Company is delinquent in ~~effect~~certain of its periodic filings with the Commission and indicating that ~~may~~administrative ~~impact~~proceedings are ~~our~~intended ~~financial~~to ~~statements~~be held (i) to determine all delinquent filings and doany ~~not~~defenses ~~believe~~of ~~that~~the ~~there~~Company ~~are~~for any ~~other~~such ~~new~~delinquent filings, ~~accounting~~and ~~pronouncements~~(ii) ~~that~~to ~~have~~make ~~been~~a ~~issued~~decision ~~that~~as ~~might~~whether ~~have~~it amay ~~material~~be ~~impact~~appropriate onto ~~our~~take ~~financial~~any ~~position~~action to suspend or ~~results~~revoke ofthe ~~operations~~Company’s registration ~~which~~of ~~have~~its ~~not~~securities. ~~been~~The ~~adopted~~date of the Commission Order was August 14, 2019. The Company filed an answer in response to the assertions made by the Commission.

~~Item~~On September 18, 2019, the Division of 3Enforcement of the Securities and Exchange Commission (“SEC”) filed with the Office of the Secretary a Motion for Ruling on the Pleadings Against the Company seeking an order to revoke each class of securities of the Company registered with the Commission pursuant to Section 12(j) of the Securities Exchange Act of 1934. The ~~Quantitative~~Company has filed all of its delinquent filings and is ~~Qualitative~~current ~~Disclosures~~with ~~About~~its ~~Market~~filings ~~Risks~~in an effort to possibly avoid such revocation. The Company has not received any further communications from the SEC on this matter as to whether it will continue to seek revocation.

~~Not Applicable.~~18

Item 4 6. ~~Controls and Procedures~~Exhibits.

~~Evaluation of~~(a) ~~Disclosure Controls and Procedures~~Exhibits.

As of the end of the period covered by this report, we carried out an evaluation, under the supervision and with the participation of our management, including our Principal Executive Officer and Principal Financial Officer, of the effectiveness of our disclosure controls and procedures, as defined in Rules 13a-15(e) and 15d-15(e) of the Securities Exchange Act of 1934. The Company has only one officer and one director, and as such is solely responsible for evaluating the Company’s disclosure controls and procedures. Based upon that evaluation, the Principal Executive Officer believes that the Company’s disclosure controls and procedures are not effective as of September 30, 2019 due to the following material weaknesses. We lacked the ability to have adequate segregation of duties in the financial statement preparation process. Further the Company did not maintain adequate documentation for review and supporting matters impacting financial reporting in gathering, analyzing and disclosing information needed to ensure that the information required to be disclosed by the Company in its periodic reports is recorded, summarized and processed timely. The principal executive officer is directly involved in the day-to-day operations of the Company.

Exhibit		Item
31.1		Certification of Chief Executive Officer pursuant to Section 302(a) of the Sarbanes-Oxley Act of 2002

31.2		Certification of Chief Financial Officer pursuant to Section 302(a) of the Sarbanes-Oxley Act of 2002

32.1		Certification of Chief Executive Officer and Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

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

1719

~~Plan for Remediation of Material Weaknesses~~SIGNATURES

~~Since these~~In ~~entity~~accordance ~~level~~with ~~controls have a pervasive effect across~~ the ~~organization,~~requirements ~~management has determined that these circumstances~~of ~~constitute~~the aExchange ~~material weakness. We believe that~~Act, ~~since~~ the ~~date~~registrant ~~that~~caused wethis ~~were~~report ~~made aware of our material weakness, we are continuing~~ to ~~improve~~be ~~our~~signed ~~internal~~on ~~control~~its ~~over~~behalf ~~financial reporting~~ by ~~taking certain corrective steps that we believe minimize~~ the ~~likelihood of a recurrence. We have designed a disclosure controls and procedures regime pursuant to which our management has~~undersigned, ~~among~~thereunto ~~other things:~~duly authorized.

(a) identified the definition, objectives, application and scope of our internal control over financial reporting;

	Monetiva Inc.

Date: May 7, 2020	/s/ Pierre Sawaya
	Pierre Sawaya, President (Principal Executive Officer and Principal Accounting Officer)

~~(b) delineated the duties of each member of the group responsible for maintaining the adequacy of our internal control over financial reporting. This group consists of:~~20

~~(i) our~~EXHIBIT ~~Chief Executive Officer; and~~INDEX

(ii) an independent consultant who was engaged to prepare and assure compliance with both our internal control over financial reporting as well as our disclosure controls and procedures and review our disclosure controls and procedures on a regular basis, subject to our management’s supervision.

Exhibit		Item
31.1		Certification of Chief Executive Officer pursuant to Section 302(a) of the Sarbanes-Oxley Act of 2002

31.2		Certification of Chief Financial Officer pursuant to Section 302(a) of the Sarbanes-Oxley Act of 2002

32.1		Certification of Chief Executive Officer and Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

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

We continue to work with our structure in which we have an independent consultant, in order to continue implementation of required key controls, the necessary steps required for procedures to ensure the appropriate communication and review of inputs necessary for the financial statement closing process, as well as for the appropriate presentation of disclosures within the financial statements. The remediation steps taken are subject to the Chief Executive Officer’s oversight. While management believes there have been significant improvements of internal controls over financial reporting during the quarter ended September 30, 2019, management anticipates that further continuing efforts will be needed to effectively remediate the material deficiencies relating to segregation of duties and maintaining adequate supporting documentation to substantiate the information reported in the financial statements which existed as of September 30, 2019, and to assure that complex transactions are properly recorded as the business continues to grow. Our management has been actively engaged in planning for, designing and implementing the corrective steps described above to enhance the effectiveness of our disclosure controls and procedures as well as our internal control over financial reporting. Our management is committed to achieving and maintaining a strong control environment, high ethical standards, and financial reporting integrity, and will take further steps to ensure that personnel are adequate in terms of sophistication and quantity to adequately assure that the financial reporting process is efficient and operated with the sufficient level of integrity to meet and surpass all regulatory standards.21

While management is implementing corrective steps to remediate its internal control deficiencies, we cannot assure you that they will be sufficient enough to be free of a material weakness. If we should in the future conclude that our internal control over financial reporting suffers from a material weakness, we will be required to expend additional resources to improve it. Any additional instances of material deficiencies could require a restatement of our financial statements. If such restatements are required, there could be a material adverse effect on our investors’ confidence that our financial statements fairly present our financial condition and results of operations, which in turn could materially and adversely affect the market price of our common stock.

Changes in Internal Control over Financial Reporting

Other than the remediation activities undertaken by us as disclosed above, there have been no changes in our internal control over financial reporting during the quarter ended September 30, 2019 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

PART II.

Item 1. Legal Proceedings.

We are not a party to any legal proceedings.

Item 1A. Risk Factors.

Not Applicable

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

None.

Item 3. Defaults Upon Senior Securities.

None

Item 4. Mine Safety Disclosures.

None

Item 5. Other Information.

On September 18, 2019, the Division of Enforcement of the Securities and Exchange Commission filed with the Office of the Secretary a Motion for Ruling on the Pleadings Against the Company seeking an order to revoke each class of securities of the Company registered with the Commission pursuant to Section 12(j) of the Securities Exchange Act of 1934. At this time, the Company is diligently working to eliminate its filing delinquencies, and intends to become current on its filings on or before December 31, 2019.

Item 6. Exhibits.

(a) Exhibits.

Exhibit		Item
31.1		Certification of Chief Executive Officer pursuant to Section 302(a) of the Sarbanes-Oxley Act of 2002
31.2		Certification of Chief Financial Officer pursuant to Section 302(a) of the Sarbanes-Oxley Act of 2002
32.1		Certification of Chief Executive Officer and Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
101.INS		XBRL Instance Document
101.SCH		XBRL Taxonomy Extension Schema Document
101.CAL		XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF		XBRL Taxonomy Extension Definition Linkbase Document
101.LAB		XBRL Taxonomy Extension Label Linkbase Document
101.PRE		XBRL Taxonomy Extension Presentation Linkbase Document

SIGNATURES

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

	Monetiva Inc.
Date: January 3, 2020	/s/ Pierre Sawaya
	Pierre Sawaya, President (Principal Executive Officer and Principal Accounting Officer)

EXHIBIT INDEX

Exhibit		Item
31.1		Certification of Chief Executive Officer pursuant to Section 302(a) of the Sarbanes-Oxley Act of 2002
31.2		Certification of Chief Financial Officer pursuant to Section 302(a) of the Sarbanes-Oxley Act of 2002
32.1		Certification of Chief Executive Officer and Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
101.INS		XBRL Instance Document
101.SCH		XBRL Taxonomy Extension Schema Document
101.CAL		XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF		XBRL Taxonomy Extension Definition Linkbase Document
101.LAB		XBRL Taxonomy Extension Label Linkbase Document
101.PRE		XBRL Taxonomy Extension Presentation Linkbase Document

Filing Compare · Monetiva Inc.