UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

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

For the quarterly period ended ~~June~~September 30, 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. 333-216086

MIGOM GLOBAL CORP.

(Exact name of registrant as specified in its charter)

NEVADA

6199

61-1787148

(State or Other Jurisdiction of

Incorporation or Organization)

(Primary Standard Industrial

Classification Number)

(IRS Employer

Identification Number)

Georgi Parrik

Chief Executive Officer

1185 6^th Ave, 3^rd Floor

New-York, NY, 10036, USA

Phone: 212-257-6711

(Address and telephone number of principal executive offices)

Securities registered pursuant to Section 12(b) of the Act: None

Securities registered pursuant to Section 12(g) of the Act: None

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

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
None

Indicate by check mark whether the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☐ No ☒

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ☐ No ☒

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 shorter period that the registrant as required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ 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 ☐

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (§ 229.405 of this chapter) is not contained herein, and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. Yes ☐ No ☒

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

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 ☒

There was no trading market value of the registrant’s common stock, par value $0.001 per share, as of the last business day of the registrant’s most recently completed second fiscal quarter.

As of ~~October~~April 1227, ~~2020~~2021, the registrant had 7,489,000 shares of common stock issued and outstanding.

PART I - FINANCIAL INFORMATION

Item 1. Financial Statements

Migom Global Corp.

For the ~~Six~~Nine Months Ended ~~June~~September 30, 2020

Index to the Unaudited Condensed Consolidated Financial Statements

Contents		Page(s)
Condensed Consolidated Balance Sheets as of June 30, 2020 and December 31, 2019 (unaudited)		1
Condensed Consolidated Balance Sheets as of September 30, 2020 and December 31, 2019 (unaudited)		2
Condensed Consolidated Statements of Operations for the Three and Six Months Ended June 30, 2020 and 2019 (unaudited)		2
Condensed Consolidated Statements of Operations for the Three and Nine Months Ended September 30, 2020 and 2019 (unaudited)		3
Condensed Consolidated Statement of Changes in Equity as of June 30, 2020 and 2019 (unaudited)		3
Condensed Consolidated Statement of Changes in Equity as of September 30, 2020 and 2019 (unaudited)		4
Condensed Consolidated Statements of Cash Flows for the Six Months Ended June 30, 2020 and 2019 (unaudited)		4
Condensed Consolidated Statements of Cash Flows for the Nine Months Ended September 30, 2020 and 2019 (unaudited)		5
Notes to the Condensed Consolidated Financial Statements (unaudited)		56

MIGOM GLOBAL CORP.

(f/k/a Alfacourse Inc.)

Condensed Consolidated Balance Sheets

(unaudited)

	June 30,			December 31,
	September 30, 2020			December 31, 2019
	2020			2019
ASSETS
Current assets:
ASSETS:
Cash and cash equivalents	$	1,351,321		$	1,152,082
Cash and due from banks	$	10,730,311		$	1,152,082
Total current assets		1,351,321			1,152,082
Intangible assets, net		253,929			-
Noncurrent assets:
Intangible assets, net		263,571			-
Prepaid rent		-			1,111
Total assets	$	110,~~614~~984,~~892~~240		$	1,153,193
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Liabilities:
Notes payable to related party	$	-		$	42,814
Deposits	$	8,857,306		$	-
Accounts payable and accrued expenses	$	418,~~064~~710		$	5,173
Payable to related party		20,191			8,691
Notes payable to related party		-			41,814
Deferred revenue		442,042			-
Payable to related party		121,294			8,691
Total current liabilities		466,297			56,678
Total liabilities		8,997,310			56,678
Total liabilities		466,297			56,678
Commitments and contingencies (see Note 11)		-			-
Shareholders’ equity
Preferred stock, $0.001 par value, 650,000 shares authorized, 650,000 and 0 shares issued and outstanding at June 30, 2020 and December 31, 2019, respectively		650			-
Preferred stock ($0.001 par value, 650,000 shares authorized, 650,000 and zero shares issued and outstanding at September 30, 2020 and December 31, 2019)		650			-
Common stock, $0.001 par value, 75,000,000 shares authorized, 7,489,000 and 7,459,000 shares issued and outstanding at June 30, 2020 and December 31, 2019, respectively		7,489			7,459
Common stock ($0.001 par value, 75,000,000 shares authorized, 7,489,000 and 7,459,000 shares issued and outstanding at September 30, 2020 and December 31, 2019)		7,489			7,459
Additional paid in capital		1,~~613~~542,~~493~~294			1,263,930
Accumulated deficit		(462,678	)		(164,477	)
Accumulated earnings (deficit)		446,849			(164,477	)
Other comprehensive income		(10,~~359~~352	)		(10,397	)
Total shareholders’ equity		1,~~148~~986,~~595~~930			1,096,515
Total liabilities and shareholders’ equity	$	110,~~614~~984,~~892~~240		$	1,153,193

See accompanying notes to unaudited condensed consolidated financial statements.

MIGOM GLOBAL CORP.

(f/k/a Alfacourse Inc.)

Condensed Consolidated Statement of Operations

(unaudited)

	For the three months ended						For the six months ended
	Three months ended September 30, 2020			Nine months ended September 30, 2020			Three months ended September 30, 2019			Nine months ended September 30, 2019
	June 30,						June 30,
Non-Interest Income
	2020			2019			2020			2019
Service fees	$	1,349,135		$	1,349,135		$	-		$	-
Revenue	$	-		$	-		$	-		$	-
Non-Interest Expenses
Operating expenses
Processing cost		15,182			15,182			-			-
Professional fees		1033,~~972~~437			557,~~812~~200			233,~~763~~153			812,~~953~~106
Salary expense		16,200			-48,600			~~32,400~~-			-
Rent expense		126,~~042~~798			-20,190			~~13,392~~-			-
Marketing expense		221,021			-			221,021			-
Marketing fee		325,397			546,418			-			-
Other general and administrative expenses		239,~~073~~325			~~657~~45,754			~~6,429~~52			1,~~743~~841
Total operating expenses		262,308			6,469			297,005			10,696
Total non-interest expenses		421,157			718,162			3,205			13,947
Total operating loss		(262,308	)		(6,469	)		(297,005	)		(10,696	)
Total operating income (loss)		912,796			615,791			(3,205	)		(13,947	)
Other income (expense)
Other expenses
Other expense		(~~316~~3,269	)		-(4,465	)		~~(1,196~~-	)		~~(44~~-	)
Total other income (expense)		(316	)		-			(1,196	)		(44	)
Total other expense		(3,269	)		(4,465	)		-			-
Net Income (loss)		~~(262~~909,~~624~~527	)		(6611,~~469~~326	)		(~~298~~3,~~201~~205	)		(1013,~~740~~947	)
Foreign currency translation gain		-			-			38			29,624
Foreign currency translation gain (loss)		7			45			-			-
Total comprehensive income (loss)	$	~~(262~~909,~~624~~534	)	$	(6611,~~469~~371	)	$	(~~298~~3,~~163~~205	)	$	18(13,~~884~~947	)
Basic and diluted net loss per share	$	(0.04	)	$	(0.00	)	$	(0.04	)	$	(0.00	)
Loss per share - basic and diluted	$	0.12		$	0.08		$	0.00		$	0.00
Weighted average number of common shares outstanding		7,470,703			7,333,000			7,470,703			7,333,000
Weighted average shares outstanding - basic and diluted		7,489,000			7,489,000			7,315,000			7,315,000

See accompanying notes to unaudited condensed consolidated financial statements.

MIGOM GLOBAL CORP.

(f/k/a Alfacourse Inc.)

Condensed Consolidated Statement of Shareholders’ Equity

~~For~~September ~~the three and six months ended June~~ 30, 2020 ~~and 2019~~

(unaudited)

									Additional			Other
	Ordinary Shares				Preferred Stock				Additional Paid-in			Accumulated earnings			Accumulated other Comprehensive
	Preferred Stock				Common Stock				Paid In			Comprehensive			Accumulated
	Shares		Amount		Shares		Amount		capital			(deficit)			Income			Total
	Shares		Amount		Shares		Amount		Capital			Income			Deficit			Total
			$				$		$			$			$			$
For the three and six months ended June 30, 2019
For the three and nine months ended September 30, 2019
Balance, December 31, 2018			$			7,332,778	$	7,333	$	20,817		$	1		$	(28,245	)	$	(94	)
Balance at December 31, 2018		7,332,778		7,333						20,817			(28,245	)		1			(94	)
Net loss																(4,271	)		(4,271	)
Net Loss													(10,740	)					(10,740	)
Capital contribution										13,817									13,817
Other comprehensive income													47						47
Foreign Currency Translation Adjustment																47			47
Balance, March 31, 2019		-	$	-		7,332,778	$	7,333	$	34,634		$	48		$	(32,516	)	$	9,499
Balance at June 30, 2019		7,332,778		7,333		-		-		34,634			(38,985	)		48			3,030
Net loss			$				$		$			$			$	(6,469	)	$	(6,469	)
Net Loss													(3,205	)					(3,205	)
Other comprehensive income
Foreign Currency Translation Adjustment																-			-
Balance, June 30, 2019		-	$	-		7,332,778	$	7,333	$	34,634		$	48		$	(38,985	)	$	3,030
Balance at September 30, 2019		7,332,778		7,333		-		-		34,634			(42,190	)		48			(175	)
For the three and six months ended June 30, 2020
For the three and nine months ended September 30, 2020
Balance, December 31, 2019		-	$	-		7,459,000	$	7,459	$	1,263,930		$	(10,397	)	$	(164,477	)	$	1,096,551
Balance at December 31, 2019		7,459,000		7,459						1,263,930			(164,477	)		(10,397	)		1,096,515
Net loss			$				$		$			$			$	(36,209	)	$	(36,209	)
Net Loss													(298,201	)					(298,201	)
Other comprehensive income													38						38
Issuance of common stock for acquisition of assets		30,000		30						269,970									270,000
Balance, March 31, 2020		-	$	-		7,459,000	$	7,459	$	1,263,930		$	(10,359	)	$	(200,686	)	$	1,060,344
Issuance of preferred stock for conversion of debt						650,000		650		79,593									80,243
Issuance of common stock for acquisition of assets						30,000		30		269,970									270,000
Foreign Currency Translation Adjustment																38			38
Issuance of preferred stock for conversion of debt		650,000		650						79,593									80,243
Balance at June 30, 2020		7,489,000		7,489		650,000		650		1,613,493			(462,678	)		(10,359	)		1,148,595
Net loss			$				$		$			$			$	(261,992	)	$	(261,992	)
Reversed of Capital contributed to related party payable										(71,199	)								(71,199	)
Other comprehensive income
Net Income										909,527									909,527
Balance, June 30, 2020		650,000	$	650		7,489,000	$	7,489	$	1,613,493		$	(10,359	)	$	(462,678	)	$	1,148,595
Foreign Currency Translation Adjustment																7			7
Balance at September 30, 2020		7,489,000		7,489		650,000		650		1,542,294			446,849			(10,352	)		1,986,930

See accompanying notes to unaudited condensed consolidated financial statements.

MIGOM GLOBAL CORP.

(f/k/a Alfacourse Inc.)

Condensed Consolidated Statement of Cash Flows

(unaudited)

	For the Six Months Ended
	For the nine months ended September 30, 2020			For the nine months ended September 30, 2019
	June 30,
Operating Activities
	2020			2019
Net income (loss)	$	611,326		$	(14,377	)
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities
Net income (loss)	$	(298,201	)	$	(10,740	)
Amortization		16,071			1,240
Adjustments to reconcile net loss to net cash provided by operations:
Interest expenses converted to Preferred stock		942			-
Depreciation and amortization		6,429			810
Interest expense converted to Preferred Stock		742			-
Changes in operating assets and liabilities:
Other receivables		1,111			-
Prepayment		1,111			-
Other receivable - related party		(2,841	)		-
Deposit		8,857,306			-
Account payable		-			(2,000	)
Accounts payable and accrued liabilities		13,522			(2,250	)
Deferred revenue		442,042			-
Net cash provided by (used in) operating activities		9,500,278			(15,387	)
Accrued liabilities		(335	)		11,223
Financing Activities
Net cash provided by (used in) operating activities		148,947			(707	)
Proceeds from notes payables Related Party		36,487			1,400
Cash flows provided by financing activities:
Proceeds from related party payable		41,404			-
Proceed from note payable		35,897			-
Net cash provided by financing activities		77,891			1,400
Capital distribution from shareholders		-			13,768
Effect of exchange rate changes on cash		60			-
Proceed from related parties		11,500			10,000
Change in cash and due from banks		9,578,229			(1,387	)
Net cash used in financing activities		47,397			23,768
Cash and due from banks at beginning of period		1,152,082			6,139
Effect of exchange rate changes on cash		2,895			(11,175	)
Cash and due from banks at end of period	$	10,730,311		$	4,752
Net increase (decrease) in cash		199,239			11,886
Supplemental Cash Flow Disclosures
Cash at beginning of period		1,152,082			6,139
Cash paid for interest		16,123			-
Cash at end of period	$	1,351,321		$	18,025
Supplemental disclosure of cash flow information:
Cash paid for interest	$	-		$	-
Cash paid for taxes	$	-		$	-
Non-cash investing and financing activities:
Issuance of common stock for acquisition of Central Rich Trading Ltd.	$	160,002		$	-
Issuance of common stock for acquisition of Migom Bank Limited		1,135,998			-
Issuance of common stock for acquisition of assets		270,000			-
Intangible assets acquired without cash		270,000			-
Issuance of preferred stock for conversion of debt		79,501			-
Related party debt converted to Preferred Stock		79,501			-
Reversal of capital contribution to related party payable		71,199			-

See accompanying notes to unaudited condensed consolidated financial statements.

MIGOM GLOBAL CORP.

(f/k/a Alfacourse Inc.)

and Subsidiaries

Notes to the Condensed Consolidated Financial Statements

~~June~~ September 30, 2020

(unaudited)

NOTE 1 – ORGANIZATION AND OPERATIONS

Migom Global Corp. (the “Company” or “Migom Global”) was incorporated as Alfacourse Inc. in the State of Nevada on February 29, 2016. On November 1, 2019, the Company amended its articles of incorporation and changed its name to Migom Global Corp. The change was made in anticipation of entering a new line of business operations which is a new company building synergistic ventures in international banking, securities brokerage, electronic money distribution as well as digital assets origination and market making.

On October 8, 2019, Heritage Equity Fund LP (“Heritage Equity Fund,” 80% owned by Thomas A. Schaetti (“Mr. Schaetti”)), entered into a Stock Purchase Agreement to acquire 5,000,000 shares, par value $0.001, of Migom Global and thereafter Heritage Equity Fund became 68.48% Controlling shareholder of Migom Global, Mr. Schaetti is 54.78% indirect owner of Migom Global Corp.

On ~~April~~ 21November 1, ~~2020~~2019, ~~Heritage Equity Fund (~~the ~~“Seller”)~~Company, ~~and~~amended ~~Migom~~its articles ~~Global~~of ~~(the~~incorporation ~~“Purchaser”)~~change ~~entered~~its ~~into~~name ~~an Asset~~from ~~Purchase~~Alfacourse ~~Agreement~~Inc. ~~where~~to Migom Global ~~acquired~~Corp. ~~certain~~The ~~intellectual~~change ~~property~~was ~~involving~~made ~~core~~in ~~banking~~anticipation ~~front~~of ~~end~~entering ~~and back end~~into ~~user~~a ~~interface~~new ~~software,~~line ~~banking~~of ~~and~~business ~~trading~~operations. ~~cloud-based~~The ~~and~~Company ~~server~~changed ~~software,~~its ~~etc.~~symbol from ~~Heritage~~ALFC ~~Equity~~to ~~Fund.~~MGOM ~~Migom~~on ~~Global~~November ~~issued 30~~11,~~000~~ ~~shares of its common stock for total consideration of $270,000 for the acquisition~~2019.

On ~~May~~ 12January 23, 2020, ~~the~~HRH ~~Company~~Prince ~~entered~~Maximillian ~~into~~Habsburg was anappointed ~~acquisition~~as ~~agreement~~Chairman ~~with~~of ~~Migom~~the ~~Bank~~Board ~~Ltd.~~of ~~and~~Directors ~~Mr.~~of ~~Schaetti~~Migom Global Corp, (the “~~Migom Agreement~~Company”). ~~Migom~~ ~~Bank~~Also, ~~Ltd. (“Migom Bank”) was incorporated~~ on ~~August~~January 723, ~~2019~~2020, ~~in Dominica~~Mr. ~~Pursuant to the Migom Agreement,~~ ~~the~~Thomas ~~Company~~Schaetti ~~acquired~~and ~~all of the outstanding equity of Migom Bank~~Mr. ~~Migom~~Stefan ~~Bank~~Lenhart iswere aappointed ~~regulated~~as ~~full-service~~members ~~international bank, licensed by the Financial Services Unit~~ of the ~~Ministry~~Board of ~~Finance~~Directors of ~~Commonwealth~~the ~~of Dominica, specializing in providing retail banking services to individuals and companies worldwide~~Company. InHRH ~~addition~~Prince toMaximillian ~~the traditional services of a deposit institution Migom Bank offers lending~~Habsburg, Thomas ~~leasing~~Schaetti, and ~~investment~~Stefan ~~services,~~Lenhart ~~provides~~accepted ~~money transmittal services, is authorized to issue and administer means of payment~~ such asappointments ~~credit~~on ~~and~~January ~~debit cards~~23, ~~travelers cheques, bankers’ drafts and electronic money~~2020. ~~Migom~~Each ~~Bank~~appointee is ~~also~~independent ~~authorized by~~using ~~its~~the ~~regulators to provide custody of securities, issue guarantees and commitments, provide credit reference services, safe~~definition ~~custody~~ of ~~valuables,~~independence ~~offer~~under ~~all~~NASDAQ ~~forms~~Listing ofRule ~~electronic banking and foreign exchange and precious metal dealing services. Migom Bank is also authorized by its regulators to perform~~ 5605(a)(2) ~~variety of investment banking~~ and ~~corporate finance services. In exchange for~~ the ~~equity~~standards ~~Migom~~established ~~Bank,~~by the ~~Company~~Securities ~~issued Mr. Schaetti 126,222 shares of common stock of the Company, at a price per share of $9.00. Migom Bank will operate under a separate business plan than the Company~~ and ~~Central~~Exchange ~~Rich Trading Ltd~~Commission. ~~See Note 3.~~

On ~~May~~ 12March 31, 2020, the ~~Company,~~Securities ~~entered~~and ~~into~~Exchange Commission angranted ~~acquisition~~the ~~agreement~~request ~~with~~of ~~Central~~Migom ~~Rich~~Global ~~Trading~~Corp ~~Ltd. and Mr. Schaetti~~ (the “~~Central Agreement~~Company”)~~. Central~~ ~~Rich~~to ~~Trading~~change ~~Ltd.~~its ~~(“Central”)~~Standard ~~was~~Industrial ~~incorporated~~Code on(SIC) ~~November 16, 2017 in Hong Kong. Pursuant~~ to ~~the Central Agreement, the Company acquired all of the outstanding equity of Central~~6199. ~~Central is a money service business~~ ~~that~~Such isSIC ~~licensed~~reflects by the ~~Hong~~current ~~Kong~~operations ~~Customs and Excise Department to provide all forms~~ of ~~permitted money services, electronic money and payment services in~~ the ~~respective territories. In exchange for the equity of Central, the~~ Company ~~issued Mr. Schaetti 17~~,~~778 shares~~ ofwhich ~~common~~is ~~stock~~now ofFinance ~~the Company, at a price per share of $9~~Services.~~00. Central will operate under a separate business plan than the Company and Migom Bank. See Note 3.~~

~~The~~ On April 8, 2020, the Company filed with State of Nevada, ~~Migom~~a ~~Bank~~Certificate of Amendment for increasing its authorized shares by 650,000 so that they consisted of 75,000,000 common stocks and ~~Central~~650,000 ~~each~~preferred ~~were~~stocks. ~~primarily~~The ~~owned~~Board of Directors of the Company and ~~controlled~~the bymajority Mrof the shareholders of the Company voted in favor of the rights on April 7, 2020. ~~Schaetti~~On April 13, 2020, the “Company, filed with the State of Nevada, a Certificate of Designation for its Series A preferred stock (the “Certificate”). MrThe Certificate was effective on April 13, 2020. ~~Schaetti~~The ~~serves~~Certificate establishes all of the rights of the holders of the Series A Preferred Stock (the “Series A”), as ~~chief~~related ~~executive~~to the Series A, including, ~~officer~~but ~~for~~not ~~each~~limited ~~company~~to the lack of Series A conversion rights, its voting rights, and the liquidation preference.

~~For financial~~The ~~reporting~~Company ~~purposes,~~entered ~~the~~into ~~acquisitions~~a ofSecurities ~~Migom Bank~~ Exchange and ~~Central~~Settlement ~~and~~Agreement (the ~~entities~~“Agreement”) ~~controlled~~with byits ~~Mr.~~controlling ~~Schaetti~~shareholder, ~~represented a~~Heritage ~~transaction~~Equity ~~between~~Fund ~~entities~~LP ~~under~~(“Heritage”), dated ~~common~~April ~~control~~16, ~~resulted~~2020, inpursuant ato ~~change~~which inthe ~~reporting~~Company ~~entity~~agreed ~~and~~to ~~required~~issue ~~retrospective~~Heritage ~~combination~~ 650,000 shares of ~~entities~~its ~~for~~Series ~~all~~A ~~periods~~Preferred ~~presented~~Stock in exchange for $80,242.81 asin ifaccrued ~~the~~and ~~combination~~unpaid ~~had~~debt ~~been~~principle inand ~~effect~~interest, ~~since~~under ~~the~~three ~~inception~~convertible ofdebentures ~~common~~held ~~control~~by Heritage. ~~Accordingly~~Also, on April 16, 2020, the ~~condensed~~Company ~~consolidated~~issued ~~financial~~650,000 ~~statements~~shares of ~~Migom~~its ~~Global~~Series ~~Corp~~A Preferred Stock, par value $.001 ~~reflect~~per ~~the~~share, ~~accounting~~to Heritage, as described above. The shares of ~~the~~Series ~~combined~~A ~~acquired~~Preferred ~~subsidiaries at~~Stock ~~historical~~were ~~carrying~~issued ~~values,~~pursuant ~~except~~to ~~that~~Section ~~equity~~3(a)(9) ~~reflects~~of the ~~equity~~Securities Act of ~~Migom~~1933. ~~Global~~as ~~Corp~~it was exchange for existing securities of the Company.

5On April 15, 2020, HRH Prince Maximillian Habsburg tendered his resignation from the Board of Directors to the Company. Also, on April 15, 2020, the remaining members of the Board of Directors of the Company accepted HRH Prince Maximillian Habsburg’s resignation.

Migom Global Corp. primarily develops and holds rights to essential software products and other intellectual property vital for operations of the companies, which it owns. Such intellectual property will be licensed to other companies in the financial industry either under Migom brand or white-labeled. As a stand-alone company, Migom Global Corp. intends to manage and operate as the proprietor of the closed-loop payment and global money transfer system, which will operate both on the rails of Migom Bank and licensed to other financial institutions. Additionally, Migom Global Corp. intends to provide advisory services to government institutions and large private companies in the fields of innovative fintech and blockchain technologies and application of the same to various industries.6

~~Migom Bank~~The isAssets aare ~~regulated~~source ~~full-service international bank~~code, ~~licensed~~all by the ~~Financial~~backups ~~Services Unit of the Ministry of Finance of Commonwealth~~therefor, ofsupporting ~~Dominica~~documentation, ~~specializing~~manuals, inschematics, ~~providing~~computer ~~retail~~graphics ~~banking services to individuals~~ and ~~companies worldwide. In addition to~~ the ~~traditional services~~underlying ofcustom ~~a deposit institution Migom Bank offers lending~~images, ~~leasing,~~copyrights ~~and investment services~~therefor, ~~provides~~URL ~~money~~domain ~~transmittal services~~names, isas ~~authorized~~well toas ~~issue~~all ~~and~~the ~~administer~~software ~~means~~technology ofand ~~payment~~knowhow ~~such as credit~~ and ~~debit~~any ~~cards, travelers cheques, bankers’ drafts~~ and ~~electronic~~all ~~money.~~other ~~Migom~~worldwide ~~Bank~~intellectual isproperty ~~also~~rights ~~authorized~~in byfull ~~its~~force ~~regulators to provide custody of securities, issue guarantees~~ and ~~commitments,~~effect ~~provide~~currently ~~credit~~in ~~reference~~perpetuity ~~services,~~from ~~safe~~the ~~custody~~date ofhereof ~~valuables,~~and ~~offer~~ all ~~forms~~the ofassociated ~~electronic~~intangible ~~banking~~assets ~~and~~related ~~foreign~~to ~~exchange~~as ~~and~~well ~~precious metal~~as ~~dealing~~involved ~~services.~~in ~~Migom~~the ~~Bank~~design, isreproduction, deployment ~~also~~on ~~authorized~~servers byand ~~its~~in ~~regulators~~the tocloud ~~perform~~and aexploitation ~~variety~~ of ~~investment~~the ~~banking~~following ~~and corporate finance services.~~items:

~~Central is~~1. aMathematical ~~money~~formulas, ~~service~~technical, ~~business~~programming ~~that~~in isany ~~licensed~~and byall ~~the~~programming ~~Hong~~coding ~~Kong~~languages ~~Customs~~ and ~~Excise~~other ~~Department~~designs, towork ~~provide~~papers and any and all ~~forms~~developed ofand ~~permitted money~~implemented ~~services~~and/or under development intellectual property involving core banking and client-facing front end software and back end administrative user interface software, ~~electronic~~banking ~~money~~and trading cloud-based and ~~payment~~server ~~services~~software inused under the ~~respective~~brand ~~territories~~name Migom Bank (www.migom.com).

~~The Company~~2. ~~has~~Mathematical ~~been~~formulas, ~~affected~~technical, ~~negatively~~programming byin ~~COVID-19~~any ~~directly~~ and ~~adversely~~all ~~affected~~programming ~~the~~coding ~~development~~languages ~~this~~and ~~year~~other ~~as follows: (a) administrative lockdowns impeded the Company’s ability to scout~~designs, ~~interview~~work ~~and~~papers ~~recruit both key management staff~~ and ~~clerical~~any and ~~support employees~~all asdeveloped ~~opening new offices~~ and ~~training~~implemented ~~of new employees has been impeded. Furthermore, due to travel restrictions~~ and/or ~~closures of~~under ~~administrative and regulatory offices in various target markets internationally, new~~ development ~~plans~~intellectual ~~have~~property ~~been~~involving ~~put~~mobile onapplication ~~hold. Attracting capital investment has become more challenging due to travel and social interaction restrictions, which prevented the Company from being able to make~~ in~~-person~~ ~~presentations~~Android ~~and~~operating ~~roadshows~~systems todeployed ~~investors. Interaction with the acquisition targets, regulators, banks and other vendors of requisite services~~ in ~~Dominica~~Google ~~and~~Play ~~Hong~~under ~~Kong has been made very difficult due to travel restrictions to~~ the ~~respective~~name ~~areas and has been mainly put on hold. Key personnel~~ of ~~the~~Migom ~~Company has been directly affected by COVID-19, in particular, which certain employees and vital outsourced contractors had contracted and suffered through active COVID-19 infections~~Bank.

~~NOTE 2~~3. –Mathematical ~~SIGNIFICANT~~formulas, ~~AND~~technical, ~~CRITICAL~~programming ~~ACCOUNTING~~in ~~POLICIES~~any ~~AND~~and ~~PRACTICES~~all programming coding languages and other designs, work papers and any and all developed and implemented and/or under development intellectual property involving mobile application in iOS operating system deployed in Apple App Store under the name of Migom Bank.

~~The Management~~Also ofon ~~the~~April ~~Company~~21, is2020, ~~responsible for~~ the ~~selection~~Company ~~and~~licensed the use of ~~appropriate accounting policies and~~ the ~~appropriateness of~~Assets ~~accounting~~to ~~policies~~Migom ~~and~~Bank ~~their application~~Ltd. ~~Critical~~ ~~accounting~~(the ~~policies~~“Bank”), ~~and~~pursuant ~~practices~~to ~~are~~a ~~those~~license ~~that~~agreement, ~~are~~by ~~both~~and ~~most~~between ~~important to~~ the ~~portrayal of the~~ Company’s ~~financial condition~~ and ~~results~~the ~~and require management’s most difficult~~Bank, ~~subjective,~~ ordated ~~complex~~April ~~judgments~~21, ~~often~~2020 as(the a“License ~~result~~Agreement”). ofPursuant ~~the need~~ to ~~make~~the ~~estimates~~License ~~about~~Agreement, the ~~effects~~Bank ofshall ~~matters~~pay ~~that~~the ~~are~~Company ~~inherently~~$5,200 ~~uncertain.~~per ~~The~~month ~~Company’s~~for ~~significant~~the ~~and~~use ~~critical~~of ~~accounting~~the ~~policies~~Assets and ~~practices~~$800 ~~are~~per ~~disclosed~~month ~~below~~ as ~~required~~a bymaintenance ~~United~~reserve ~~States generally accepted accounting principles (“US GAAP”)~~fee.

~~Basis~~ The completion of ~~Presentation~~the Asset Agreement caused the Company to definitively cease being a “shell company” (as such term is defined in Rule 12b-2 under the Exchange Act).

~~The Company’s~~On ~~condensed~~April ~~consolidated~~21, ~~financial~~2020, ~~statements~~Heritage ~~have~~Equity ~~been~~Fund ~~prepared~~(the ~~in accordance with US GAAP. for interim financial~~“Seller”) ~~information~~ and ~~with~~Migom ~~the~~Global ~~instructions to Form 10-Q and Regulation S-X. Accordingly,~~ (the ~~financial~~“Purchaser”) ~~statements~~entered dointo ~~not~~an ~~include~~Asset ~~all of~~Purchase ~~the~~Agreement ~~information~~where ~~and~~Migom ~~footnotes~~Global ~~required~~acquired bycertain ~~generally accepted accounting principles for complete financial statements. In the~~intellectual ~~opinion~~property ofinvolving ~~management,~~core ~~all~~banking ~~adjustments~~front ~~considered~~end ~~necessary for a fair presentation have been included~~ and ~~such~~back ~~adjustments~~end ~~are of~~user ainterface ~~normal recurring nature. These financial statements should be read in conjunction with the financial statements for the year ended December 31~~software, ~~2019~~banking and ~~notes~~trading ~~thereto~~cloud-based and ~~other~~server ~~pertinent~~software, ~~information contained in our Form 10-K the Company has filed with~~etc. ~~the~~from ~~Securities~~Heritage ~~and~~Equity ~~Exchange~~Fund. ~~Commission~~Migom ~~(the~~Global ~~“SEC”)~~issued ~~on June~~ 30,000 ~~2020.~~shares ~~The~~of ~~results~~its ofcommon ~~operations~~stock for ~~the~~total ~~six~~consideration ~~months ended~~of ~~June 30~~$270,000 ~~2020, are not necessarily indicative of the results to be expected~~ for the ~~full fiscal year ending December 31, 2020~~acquisition.

6On May 12, 2020, the Company entered into an acquisition agreement with Migom Bank Ltd. and Mr. Schaetti (the “Migom Agreement”). Migom Bank Ltd. (“Migom Bank”) was incorporated on August 7, 2019 in Dominica. Pursuant to the Migom Agreement, the Company acquired all of the outstanding equity of Migom Bank. Migom Bank is a regulated full-service international bank, licensed by the Financial Services Unit of the Ministry of Finance of Commonwealth of Dominica, specializing in providing retail banking services to individuals and companies worldwide. In addition to the traditional services of a deposit institution Migom Bank offers lending, leasing, and investment services, provides money transmittal services, is authorized to issue and administer means of payment such as credit and debit cards, travelers cheques, bankers’ drafts and electronic money. Migom Bank is also authorized by its regulators to provide custody of securities, issue guarantees and commitments, provide credit reference services, safe custody of valuables, offer all forms of electronic banking and foreign exchange and precious metal dealing services. Migom Bank is also authorized by its regulators to perform a variety of investment banking and corporate finance services. In exchange for the equity Migom Bank, the Company issued Mr. Schaetti 126,222 shares of common stock of the Company, at a price per share of $9.00. Migom Bank will operate under a separate business plan than the Company and Central Rich Trading Ltd. See Note 3.

~~Common~~On May 12, 2020, the Company, entered into an acquisition agreement with Central Rich Trading Ltd. and Mr. Schaetti (the “Central Agreement”). Central Rich Trading ~~Control~~Ltd. (“Central”) was incorporated on November 16, 2019 in Hong Kong. Pursuant to the Central Agreement, the Company acquired all of the outstanding equity of Central. Central is a money service business that is licensed by the Hong Kong Customs and Excise Department to provide all forms of permitted money services, electronic money and payment services in the respective territories. In exchange for the equity of Central, the Company issued Mr. Schaetti 17,778 shares of common stock of the Company, at a price per share of $9.00. Central will operate under a separate business plan than the Company and Migom Bank. See Note 3.

~~The transactions~~On ~~between~~May ~~the Company and Migom Bank and Central~~14, ~~which all three are under common control~~2020, ~~resulted~~Mr. inThomas aA. ~~change~~Schaetti ~~in reporting~~was ~~entity and required retrospective combination of the entities for all periods presented,~~ appointed as ifPresident ~~the combination had been in effect since the inception~~ of ~~common control. Accordingly,~~ the ~~consolidated financial statements of the~~ Company ~~reflect~~and ~~the accounting~~Georgi ofParrik ~~the~~assumed ~~combined acquired subsidiaries at historical carrying values, except that equity reflects~~ the ~~equity~~title of ~~Migom Global~~Chief Executive Officer.

~~Principles~~The Company, Migom Bank and Central, each were ofprimarily ~~Consolidation~~owned and controlled by Mr. Schaetti. Mr. Schaetti serves as chief executive officer for each company.

~~The~~For financial reporting purposes, the acquisitions of Migom Bank and Central and the entities controlled by Mr. Schaetti represented a transaction between entities under common control ~~accompanying~~resulted ~~unaudited~~in ~~consolidated~~a ~~financial~~change ~~statements~~in ~~include~~reporting entity and required retrospective combination of entities for all periods presented, as if the combination had been in effect since the inception of common control. Accordingly, the ~~accounts~~condensed consolidated financial statements of Migom ~~Globa~~ Global Corp. ~~and~~reflect ~~its~~the ~~wholly~~accounting ~~owned subsidiaries,~~of ~~Migom~~the ~~Bank~~combined ~~and~~acquired ~~Central.~~subsidiaries ~~All~~at ~~significant~~historical ~~intercompany~~carrying ~~transactions~~values, ~~and~~except ~~balances~~that ~~have~~equity ~~been~~reflects ~~eliminated~~the inequity of ~~consolidation~~Migom Global Corp.

~~Development Stage Company~~7

~~The~~Migom Global Corp. primarily develops and holds ~~Company~~rights isto aessential ~~development~~software ~~stage~~products ~~company~~and asother ~~defined~~intellectual property vital for operations of the companies, which it owns. Such intellectual property will be licensed to other companies in ~~ASC~~the ~~915~~financial ~~“Development~~industry ~~Stage~~either ~~Entities~~under Migom brand or white-labeled.”. ~~The~~As ~~Company~~a isstand-alone ~~devoting~~company, ~~substantially~~Migom ~~all~~Global Corp. intends to manage and operate as the proprietor of ~~its~~the ~~efforts~~closed-loop onpayment ~~establishing~~and global money transfer system, which will operate both on the ~~business~~rails of Migom Bank and ~~its~~licensed ~~planned~~to ~~principal~~other ~~operations~~financial ~~have~~institutions. ~~not~~Additionally, ~~commenced~~Migom Global Corp. ~~All~~intends ~~losses~~to ~~accumulated~~provide ~~since~~advisory ~~inception~~services ~~have~~to ~~been~~government ~~considered~~institutions asand ~~part~~large private companies in the fields of innovative fintech and blockchain technologies and application of the ~~Company’s~~same ~~development~~to ~~stage~~various ~~activities~~industries.

~~The~~Migom Bank is a regulated full-service international bank, licensed by the Financial Services Unit of the Ministry of Finance of Commonwealth of Dominica, specializing in providing retail ~~Company~~banking ~~has~~services ~~elected~~to individuals and companies worldwide. In addition to ~~adopt~~the ~~application~~traditional services of ~~Accounting~~a ~~Standards~~deposit ~~Update~~institution ~~No.~~Migom ~~2014-10~~Bank offers lending, ~~Development~~leasing, ~~Stage~~and ~~Entities~~investment ~~(Topic~~services, ~~915):~~provides ~~Elimination~~ money transmittal services, is authorized to issue and administer means of ~~Certain~~payment such ~~Financial~~as ~~Reporting~~credit ~~Requirements.~~and ~~Upon~~debit ~~adoption~~cards, ~~the~~travelers ~~Company~~cheques, nobankers’ ~~longer~~drafts ~~presents~~and orelectronic ~~discloses~~money. ~~inception-~~Migom Bank is also authorized by its regulators to~~-date~~ ~~information~~provide custody of securities, issue guarantees and commitments, provide credit reference services, safe custody of valuables, offer all forms of electronic banking and ~~other~~foreign ~~remaining~~exchange ~~disclosure~~and ~~requirements~~precious metal dealing services. Migom Bank is also authorized by its regulators to perform a variety of ~~Topic~~investment ~~915~~banking and corporate finance services.

~~Use~~Central is a money service business that is licensed ofby ~~Estimates~~the ~~and~~Hong ~~Assumptions~~Kong Customs and ~~Critical~~Excise ~~Accounting~~Department ~~Estimates~~to provide all forms of permitted money services, electronic money and ~~Assumptions~~payment services in the respective territories.

The Company has been affected negatively by COVID-19 ~~preparation~~directly ofand ~~financial~~adversely ~~statements~~affected inthe ~~conformity~~development ~~with~~this ~~accounting~~year ~~principles~~as ~~generally~~follows: ~~accepted~~(a) inadministrative ~~the~~lockdowns ~~United~~impeded ~~States~~the ofCompany’s ~~America~~ability ~~requires~~to scout, interview and recruit both key management tostaff ~~make~~and ~~estimates~~clerical and ~~assumptions~~support ~~that~~employees ~~affect~~as ~~the~~opening ~~reported~~new ~~amounts~~offices and training of ~~assets~~new employees has been impeded. Furthermore, due to travel restrictions and ~~liabilities~~closures of administrative and ~~disclosure~~regulatory offices in various target markets internationally, new development plans have been put on hold. Attracting capital investment has become more challenging due to oftravel ~~contingent~~and ~~assets~~social interaction restrictions, which prevented the Company from being able to make in-person presentations and ~~liabilities~~roadshows to atinvestors. Interaction with the ~~date(s)~~acquisition targets, regulators, banks and other vendors of ~~the~~requisite ~~financial~~services ~~statements~~in Dominica and Hong Kong has been made very difficult due to travel restrictions to the ~~reported~~respective ~~amounts~~areas and has been mainly put on hold. Key personnel of the ~~revenues~~Company has been directly affected by COVID-19, in particular, which certain employees and ~~expenses~~vital outsourced contractors had contracted ~~during~~and ~~the~~suffered ~~reporting~~through ~~period(s)~~active COVID-19 infections.

~~Critical accounting~~NOTE ~~estimates~~2 ~~are~~– ~~estimates~~SIGNIFICANT ~~for~~AND ~~which (a) the nature of the estimate is material due to the levels of subjectivity and~~CRITICAL ~~judgment~~ACCOUNTING ~~necessary~~POLICIES toAND account for highly uncertain matters or the susceptibility of such matters to change and (b) the impact of the estimate on financial condition or operating performance is material. The Company’s critical accounting estimate(s) and assumption(s) affecting the financial statements was (were):PRACTICES

~~(i) Assumption as~~Basis ~~a going concern: Management assumes that the Company will continue as a going concern, which contemplates continuity~~ of ~~operations,~~ ~~realization of assets, and liquidation of liabilities in the normal course of business.~~Presentation

~~(ii) Valuation~~The Company’s consolidated financial ~~allowance~~statements have been prepared in accordance with US GAAP for ~~deferred~~interim ~~tax~~financial ~~assets: Management~~information ~~assumes~~and ~~that~~with the ~~realization~~instructions to Form 10-Q and Regulation S-X. Accordingly, the financial statements do not include all of the ~~Company’s~~information ~~net~~and ~~deferred~~footnotes ~~tax~~required ~~assets~~by generally accepted ~~resulting~~accounting ~~from~~principles ~~its~~for ~~net~~complete ~~operating~~financial ~~loss~~statements. ~~(“NOL”)~~In ~~carry–forwards~~the ~~for~~opinion ~~Federal~~of ~~income~~management, ~~tax~~all ~~purposes~~adjustments ~~that~~considered ~~may~~necessary befor ~~offset~~a fair ~~against~~presentation ~~future~~have ~~taxable~~been ~~income~~included ~~was~~and ~~not~~such ~~considered~~adjustments ~~more~~are ~~likely~~of ~~than~~a ~~not~~normal ~~and~~recurring ~~accordingly,~~nature. ~~the~~These ~~potential~~financial ~~tax~~statements ~~benefits~~should ofbe ~~the~~read ~~net~~in ~~loss~~conjunction ~~carry-forwards~~with ~~are~~the ~~offset~~financial bystatements afor ~~full~~the ~~valuation~~year ~~allowance.~~ended ~~Management~~December ~~made~~31, ~~this~~2019 ~~assumption~~and ~~based~~notes onthereto ~~(a)~~and other pertinent information contained in our Form 10-K the Company has ~~incurred recurring~~filed ~~losses,~~with the Securities and Exchange Commission (bthe “SEC”) ~~general~~on ~~economic~~September ~~conditions~~30, ~~and~~2020. ~~(c)~~The ~~its~~results of ~~ability~~operations tofor ~~raise~~the ~~additional~~nine ~~funds~~months toended ~~support~~September ~~its~~30, ~~daily~~2020, ~~operations by~~are ~~way~~not necessarily indicative of athe ~~public~~results orto ~~private~~be ~~offering,~~expected ~~among~~for ~~other~~the ~~factors~~full fiscal year ending December 31, 2020.

These significant accounting estimates or assumptions bear the risk of change due to the fact that there are uncertainties attached to these estimates or assumptions, and certain estimates or assumptions are difficult to measure or value.8

7Common Control

~~Management bases~~The ~~its~~transactions ~~estimates~~between onthe ~~historical~~Company ~~experience~~and Migom Bank and onCentral, ~~various~~which ~~assumptions~~all ~~that~~three are ~~believed~~under tocommon becontrol, ~~reasonable~~resulted in ~~relation~~a tochange ~~the financial~~in ~~statements~~reporting ~~taken~~entity asand arequired ~~whole~~retrospective ~~under~~combination of the ~~circumstances~~entities for all periods presented, as if the ~~results~~combination ofhad ~~which~~been ~~form~~in effect since the ~~basis~~inception ~~for~~of ~~making~~common ~~judgments~~control. ~~about~~Accordingly, the ~~carrying~~consolidated ~~values~~financial statements of ~~assets~~the ~~and~~Company ~~liabilities~~reflect the accounting of the combined acquired subsidiaries at historical carrying values, except that ~~are~~equity ~~not~~reflects ~~readily~~the ~~apparent~~equity ~~from~~of ~~other~~Migom ~~sources~~Global.

~~Management regularly~~Principles ~~evaluates~~of the key factors and assumptions used to develop the estimates utilizing currently available information, changes in facts and circumstances, historical experience and reasonable assumptions. After such evaluations, if deemed appropriate, those estimates are adjusted accordingly.Consolidation

~~Actual~~The accompanying unaudited consolidated financial statements include all of the accounts of Migom Global Corp. and its wholly owned subsidiaries, Migom Bank and Central. All significant ~~results~~intercompany ~~could~~transactions ~~differ~~and ~~from~~balances ~~those~~have ~~estimates~~been eliminated in consolidation.

~~Fair~~Use of Estimates and Assumptions and ~~Value~~Critical ~~Measurements~~Accounting Estimates and Assumptions

The preparation of financial ~~Company~~statements ~~adopted~~in conformity with accounting principles generally accepted in the ~~provisions~~United States of ~~ASC~~America ~~Topic~~requires ~~820,~~management ~~“Fair~~to ~~Value~~make ~~Measurements~~ estimates and ~~Disclosures”,~~assumptions ~~which~~that ~~defines~~affect ~~fair~~the ~~value as~~reported ~~used~~amounts inof ~~numerous~~assets ~~accounting~~and ~~pronouncements,~~liabilities ~~establishes~~and adisclosure ~~framework~~of ~~for~~contingent ~~measuring~~assets ~~fair~~and ~~value~~liabilities at the date(s) of the financial statements and ~~expands~~the ~~disclosure~~reported amounts of ~~fair value~~revenues ~~measurements~~and expenses during the reporting period(s).

~~ASC 820~~Critical ~~defines~~accounting ~~fair~~estimates are ~~value~~estimates ~~as the exchange price that would be received~~ for anwhich ~~asset or paid to transfer~~ (a) ~~liability~~the ~~(an~~nature ~~exit~~of ~~price) in~~ the ~~principal~~estimate oris ~~most~~material ~~advantageous~~due ~~market~~to ~~for~~ the ~~asset~~levels orof ~~liability~~subjectivity inand anjudgment ~~orderly~~necessary ~~transaction~~to ~~between market participants~~account onfor ~~the~~highly ~~measurement~~uncertain ~~date.~~matters ~~ASC~~or ~~820~~the ~~also~~susceptibility ~~establishes~~of asuch ~~fair~~matters ~~value~~to ~~hierarchy,~~change ~~which~~and ~~requires~~(b) ~~an entity to maximize~~ the ~~use~~impact of ~~observable inputs and minimize~~ the ~~use~~estimate ofon ~~unobservable~~financial ~~inputs~~condition or ~~when~~operating ~~measuring~~performance ~~fair~~is ~~value~~material. ~~ASC~~The ~~820~~Company’s ~~describes~~critical ~~three~~accounting ~~levels~~estimate(s) ofand ~~inputs~~assumption(s) ~~that~~affecting ~~may be~~the ~~used~~financial tostatements was ~~measure fair value~~(were):

~~Level 1~~(i) —Assumption ~~quoted~~as ~~prices~~a ingoing ~~active~~concern: ~~markets~~Management ~~for~~assumes ~~identical~~that the Company will continue as a going concern, which contemplates continuity of operations, realization of assets, orand liquidation of liabilities in the normal course of business.

~~Level 2~~(ii) —Valuation ~~quoted~~allowance ~~prices~~ for ~~similar~~deferred tax assets: ~~and~~Management ~~liabilities~~assumes inthat ~~active~~the ~~markets~~realization orof ~~inputs~~the Company’s net deferred tax assets resulting from its net operating loss (“NOL”) carry–forwards for Federal income tax purposes that may be offset against future taxable income was not considered more likely than not and accordingly, the potential tax benefits of the net loss carry-forwards are ~~observable~~offset by a full valuation allowance. Management made this assumption based on (a) the Company has incurred recurring losses, (b) general economic conditions, and (c) its ability to raise additional funds to support its daily operations by way of a public or private offering, among other factors.

~~Level~~These significant accounting 3estimates —or ~~inputs~~assumptions bear the risk of change due to the fact that there are ~~unobservable~~uncertainties ~~(for~~attached ~~example~~to ~~cash~~these ~~flow~~estimates ~~modeling~~or ~~inputs~~assumptions, and ~~based~~certain onestimates or assumptions) are difficult to measure or value.

The carrying amounts of the Company’s financial assets and liabilities, such as cash, accrued expenses, related party payables and notes payable approximate their fair values because of the short maturity of these instruments.9

~~Cash~~Management bases its estimates on historical experience and on various assumptions that are believed to be reasonable in relation to the financial statements taken as a whole under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and ~~Cash~~liabilities ~~Equivalents~~that are not readily apparent from other sources.

~~The~~Management regularly ~~Company~~evaluates ~~considers~~the ~~all~~key ~~highly~~factors ~~liquid~~and ~~investments~~assumptions ~~with~~used ~~maturities~~to ofdevelop ~~three~~the ~~months~~estimates orutilizing ~~less~~currently atavailable ~~the~~information, ~~time~~changes ofin ~~purchase~~facts ~~to be cash equivalents.~~ and ~~The~~circumstances, ~~cash~~historical ~~held~~experience byand ~~related~~reasonable ~~party is not insured~~assumptions. ~~The~~After ~~Company~~such ~~has~~evaluations, ~~not~~if ~~experienced~~deemed ~~losses~~appropriate, inthose ~~such~~estimates ~~accounts~~are adjusted accordingly.

8Actual results could differ from those estimates.

~~Fixed Assets~~Fair Value Measurements

~~Fixed assets~~The ~~are~~Company ~~recorded~~adopted atthe provisions ~~cost.~~of ~~Expenditures~~ASC ~~for~~Topic ~~major~~820, ~~additions~~“Fair ~~and~~Value ~~betterments~~Measurements ~~are capitalized. Maintenance~~ and ~~repairs~~Disclosures”, ~~are~~which ~~charged to~~defines ~~operations~~fair value as ~~incurred.~~used ~~Depreciation~~in isnumerous ~~computed by the straight-line method over the assets estimated useful life of five~~accounting ~~to ten years. Upon the sale or retirement of property and equipment~~pronouncements, ~~the~~establishes ~~related~~a ~~cost~~framework ~~and~~for ~~accumulated~~measuring ~~depreciation~~fair ~~are~~value ~~removed from the accounts~~ and ~~any~~expands ~~gain~~disclosure orof ~~loss~~fair isvalue ~~reflected in consolidated statements of operations~~measurements.

~~Intangible~~ASC 820 defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most ~~Assets~~advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 describes three levels of inputs that may be used to measure fair value:

~~Costs incurred~~Level to1 ~~acquire~~— ~~intangibles are capitalized when the Company believes that there is a high likelihood that the software will~~quoted beprices ~~utilized~~in ~~and~~active ~~there~~markets ~~will~~for beidentical ~~future~~assets ~~economic~~or ~~benefit associated with the software. These costs will be amortized on a straight-line basis over a 7 years life from the date of acquisition.~~liabilities

~~In accordance~~Level ~~with~~2 ~~the~~— ~~provisions~~quoted prices offor ~~the~~similar ~~applicable authoritative guidance, the Company’s long-lived~~ assets and ~~amortizable intangible~~liabilities ~~assets~~in ~~are~~active ~~tested~~markets ~~for impairment whenever events~~ or ~~changes~~inputs ~~in circumstances indicate~~ that ~~their~~are carrying value may not be recoverable. The Company assesses the recoverability of such assets by determining whether their carrying value can be recovered through undiscounted future operating cash flows, including its estimates of revenue driven by assumed market segment share and estimated costs. If impairment is indicated, the Company measures the amount of such impairment by comparing the fair value to the carrying value. The amortization of the trademark was not significant for the period ended June 30, 2020.observable

~~Related~~Level 3 — inputs ~~Parties~~that are unobservable (for example cash flow modeling inputs based on assumptions)

The ~~Company~~ ~~follows~~carrying ~~subtopic 850-10~~ amounts of the ~~FASB~~Company’s ~~Accounting~~financial ~~Standards~~assets ~~Codification~~and ~~for~~liabilities, ~~the~~such ~~identification~~as ofcash, accrued expenses, related ~~parties~~party payables and ~~disclosure~~notes payable approximate their fair values because of ~~related~~the ~~party~~short ~~transactions~~maturity of these instruments.

~~Pursuant to~~Cash Section 850-10-20 the related parties include (a) affiliates of the Company (“Affiliate” means, with respect to any specified Person, any other Person that, directly or indirectly through one or more intermediaries, controls, is controlled by or is under common control with such Person, as such terms are used in and ~~construed~~Due under Rule 405 under the Securities Act); (b) entities for which investments in their equity securities would be required, absent the election of the fair value option under the Fair Value Option Subsection of Section 825–10–15, to be accounted for by the equity method by the investing entity; (c) trusts for the benefit of employees, such as pension and profit-sharing trusts that are managed by or under the trusteeship of management; (d) principal owners of the Company; (e) management of the Company; (f) other parties with which the Company may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from ~~fully pursuing its own separate interests; and (g) other parties that can~~ significantly influence the management or operating policies of the transacting parties or that have an ownership interest in one of the transacting parties and can significantly influence the other to an extent that one or more of the transacting parties might be prevented from fully pursuing its own separate interests.banks

The ~~financial~~ ~~statements~~Company ~~shall include disclosures of material related party transactions, other than compensation arrangements, expense~~considers ~~allowances,~~all ~~and~~highly ~~other~~liquid ~~similar~~investments ~~items~~ in ~~the~~banks ~~ordinary~~with ~~course~~maturities of ~~business.~~three ~~However,~~months ~~disclosure of transactions that are eliminated in the preparation of consolidated~~ or ~~combined~~less ~~financial~~at ~~statements is not required in those statements. The disclosures shall include: (a)~~ the ~~nature~~time of ~~the~~purchase ~~relationship(s)~~to ~~involved;~~be ~~(b)~~due afrom ~~description of the transactions~~banks, ~~including transactions to which no amounts~~ or ~~nominal~~cash ~~amounts were ascribed, for each of the periods for which income statements are presented, and such~~equivalents. ~~other~~The ~~information~~cash ~~deemed~~held ~~necessary~~by to an understanding of the effects of the transactions on the financial statements; (c) the dollar amounts of transactions for each of the periods for which income statements are presented and the effects of any change in the method of establishing the terms from that used in the preceding period; and (d) amounts due from or to related ~~parties as~~party ofis ~~the~~not ~~date~~insured. ofThe ~~each~~Company ~~balance~~has ~~sheet presented and, if~~ not ~~otherwise~~experienced ~~apparent,~~losses ~~the~~in ~~terms~~such ~~and manner of settlement~~accounts.

~~Commitment and Contingencies~~10

The Company follows subtopic 450-20 of the FASB Accounting Standards Codification to report accounting for contingencies. Certain conditions may exist as of the date the financial statements are issued, which may result in a loss to the Company, but which will only be resolved when one or more future events occur or fail to occur. The Company assesses such contingent liabilities, and such assessment inherently involves an exercise of judgment. In assessing loss contingencies related to legal proceedings that are pending against the Company or unasserted claims that may result in such proceedings, the Company evaluates the perceived merits of any legal proceedings or unasserted claims as well as the perceived merits of the amount of relief sought or expected to be sought therein.Loans

9The Company’s accounting methods for loans differ depending on whether the loans are originated or purchased, and for purchased loans, whether the loans were acquired at a discount related to evidence of credit deterioration since date of origination.

~~If the~~Originated ~~assessment~~loans ofheld afor ~~contingency~~investment. ~~indicates~~Loans ~~that~~the itCompany isoriginates as ~~probable~~held ~~that~~for ainvestment ~~material~~are ~~loss~~reported ~~has~~at ~~been incurred and~~ the principal amount ~~of the liability can be estimated~~outstanding, ~~then~~net ~~the~~of ~~estimated~~unearned ~~liability~~interest ~~would~~income beand ~~accrued~~deferred infee ~~the~~and ~~Company’s~~costs, ~~financial statements. If the assessment~~and ~~indicates~~any ~~that~~direct aprincipal ~~potential~~charge-offs. ~~material~~Interest ~~loss~~income ~~contingency~~ is ~~not~~accrued ~~probable~~on ~~but~~the isunpaid ~~reasonably~~principal ~~possible,~~balances oras isearned. ~~probable~~Loan ~~but~~and ~~cannot~~commitment befees and ~~estimated,~~certain ~~then~~direct ~~the~~loan ~~nature~~origination ofcost ~~the~~are ~~contingent~~deferred ~~liability,~~ and anrecognized ~~estimate~~over of the ~~range~~line of ~~possible~~the ~~losses,~~loan ifand/or ~~determinable~~commitment ~~and~~period ~~material, would~~as beyield ~~disclosed~~adjustments.

~~Loss contingencies~~Purchased ~~considered~~Loans. ~~remote~~All ~~are~~purchased ~~generally~~loans, ~~not~~including ~~disclosed~~no-impaired and ~~unless they involve guarantees~~impaired, inacquired ~~which~~are ~~case~~initially ~~the~~measured ~~guarantees~~at ~~would be~~fair ~~disclosed. Management~~value ~~does~~as ~~not~~of ~~believe,~~the ~~based~~acquisition ~~upon~~date ~~information~~in ~~available~~accordance atwith ~~this~~applicable ~~time~~authoritative ~~that~~accounting guidance. ~~these~~Credit ~~matters~~discounts ~~will~~are ~~have~~included ~~a material~~in ~~adverse effect on~~ the ~~Company’s~~determination ~~financial position, results~~ of ~~operations~~fair ~~or cash flows~~value. ~~However,~~An ~~there~~allowance isfor nocredit ~~assurance that~~losses ~~such~~is ~~matters will~~ not ~~materially~~recorded ~~and~~at ~~adversely affect~~ the ~~Company’s business, financial position, and results of operations~~acquisition ~~or cash flows~~date.

Allowance for Credit Losses. The allowance for credit losses is established for probable and estimable losses incurred in the Company’s ~~did~~loan ~~not~~portfolio, ~~have~~including ~~any~~unfunded credit commitments. The orallowance ~~contingencies~~for ascredit losses is increased through provisions charged to earnings and reduced by net charge-offs. Management evaluates the appropriateness of ~~June~~the ~~30,~~allowance ~~2020~~for incurred losses on a quarterly basis.

~~Impairment of~~Intangible ~~Long-lived~~ Assets

~~The Company~~Costs ~~follows~~incurred ~~paragraph~~to ~~360-10-05-4~~acquire ofintangibles ~~the~~are ~~FASB~~capitalized when ~~Accounting~~the ~~Standards~~Company ~~Codification~~believes ~~for~~that ~~its~~there ~~long-lived~~is ~~assets.~~a ~~The~~high ~~Company’s long-lived~~likelihood ~~assets,~~that ~~such~~the assoftware ~~intellectual~~will ~~property,~~be ~~are~~utilized ~~required~~and tothere will be ~~reviewed~~future ~~for~~economic ~~impairment~~benefit associated ~~annually,~~with orthe ~~whenever~~software. ~~events~~These orcosts ~~changes in~~will ~~circumstances~~be ~~indicate~~amortized ~~that~~on ~~the~~a ~~carrying~~straight-line ~~amount~~basis ofover ~~the~~a ~~asset~~7 ~~may~~years ~~not~~life befrom ~~recoverable~~the date of acquisition.

~~The Company~~In ~~assesses~~accordance with the ~~recoverability~~provisions of ~~its long-lived assets by comparing~~ the ~~projected undiscounted net cash flows associated~~applicable ~~with~~authoritative guidance, the ~~related~~Company’s long-lived ~~asset~~assets orand ~~group~~amortizable ofintangible ~~long-lived~~ assets ~~over~~are ~~their~~tested ~~remaining~~for ~~estimated~~impairment ~~useful~~whenever ~~lives~~events or ~~against~~changes in circumstances indicate that their ~~respective~~ carrying ~~amounts.~~value ~~Impairment,~~may ifnot ~~any,~~be isrecoverable. ~~based~~The onCompany assesses the ~~excess~~recoverability of ~~the~~such assets ~~carrying~~by ~~amount~~determining ~~over~~whether ~~the~~their ~~fair~~carrying value ofcan ~~those~~be ~~assets.~~recovered ~~Fair value~~through isundiscounted ~~generally~~future ~~determined~~operating ~~using~~cash ~~the~~flows, ~~asset’s~~including ~~expected~~its ~~future~~estimates of ~~discounted~~revenue ~~cash~~driven ~~flows~~by orassumed market ~~value,~~segment ifshare ~~readily~~and ~~determinable~~estimated costs. If ~~long-lived~~impairment ~~assets~~is ~~are~~indicated, ~~determined~~the toCompany bemeasures ~~recoverable, but~~ the ~~newly~~amount ~~determined~~of such ~~remaining~~impairment ~~estimated~~by ~~useful~~comparing ~~lives~~the ~~are~~fair ~~shorter~~value ~~than originally~~to ~~estimated,~~ the ~~net~~carrying ~~book~~value. ~~values~~The amortization of the ~~long-lived~~trademark ~~assets~~was ~~are~~not ~~depreciated~~significant ~~over~~for the ~~newly~~period ended ~~determined~~September ~~remaining~~30, ~~estimated useful lives~~2020.

~~The Company~~Related ~~determined that there were no impairments of long-lived assets at December 31, 2019 and June 30, 2020.~~Parties

~~Revenue~~The Company follows subtopic ~~Recognition~~850-10 of the FASB Accounting Standards Codification for the identification of related parties and disclosure of related party transactions.

In 2014, the FASB issued guidance on revenue recognition (“ASC 606”), with final amendments issued in 2016. The underlying principle of ASC 606 is to recognize revenue to depict the transfer of goods or services to customers at the amount expected to be collected. ASC 606 creates a five-step model that requires entities to exercise judgment when considering the terms of contracts, which includes (1) identifying the contracts or agreements with a customer, (2) identifying our performance obligations in the contract or agreement, (3) determining the transaction price, (4) allocating the transaction price to the separate performance obligations, and (5) recognizing revenue as each performance obligation is satisfied. The Company only applies the five-step model to contracts when it is probable that the Company will collect the consideration it is entitled to in exchange for the services it transfers to its clients. The Company has concluded that the new guidance did not require any significant change to its revenue recognition processes.11

ItPursuant to Section 850-10-20 ~~develops~~the ~~and~~related ~~holds~~parties ~~rights~~include (a) affiliates of the Company (“Affiliate” means, with respect to ~~essential~~any ~~software~~specified ~~products~~Person, ~~and~~any other Person ~~intellectual~~that, ~~property~~directly ~~vital~~or ~~for~~indirectly ~~operations~~through ofone ~~the~~or ~~companies~~more intermediaries, controls, is controlled by or is under common control with such ~~which~~Person, itas ~~owns.~~such ~~Such~~terms ~~intellectual~~are ~~property~~used ~~will~~in beand ~~licensed~~construed tounder ~~other~~Rule ~~companies~~405 under the Securities Act); (b) entities for which investments in their equity securities would be required, absent the ~~financial~~election ~~industry~~of ~~either~~the fair value option under ~~Migom~~the ~~brand or~~Fair ~~white-labeled.~~Value AsOption aSubsection ~~stand-alone~~of ~~company~~Section 825–10–15, to ~~Migom~~be ~~Global~~accounted ~~Corp.~~for ~~intends~~by tothe ~~manage~~equity ~~and~~method ~~operate~~by asthe investing entity; (c) trusts for the ~~proprietor~~benefit of ~~the~~employees, ~~closed~~such as pension and profit-~~loop~~sharing ~~payment~~trusts ~~and~~that ~~global~~are ~~money~~managed ~~transfer~~by ~~system,~~or ~~which~~under ~~will~~the ~~operate~~trusteeship ~~both~~of onmanagement; ~~the~~(d) ~~rails~~principal owners of ~~Migom~~the ~~Bank~~Company; ~~and~~(e) ~~licensed~~management toof the Company; (f) other ~~financial~~parties ~~institutions. Additionally,~~with ~~Migom~~which ~~Global~~the ~~Corp.~~Company ~~intends~~may todeal ~~provide~~if ~~advisory~~one ~~services~~party tocontrols ~~government~~or ~~institutions~~can ~~and~~significantly ~~large~~influence ~~private~~the ~~companies~~management inor operating policies of the ~~fields~~other to an extent that one of ~~innovative~~the ~~fintech~~transacting ~~and~~parties ~~blockchain~~might ~~technologies~~be prevented from fully pursuing its own separate interests; and ~~application~~(g) other parties that can significantly influence the management or operating policies of the ~~same~~transacting parties or that have an ownership interest in one of the transacting parties and can significantly influence the other to ~~various~~an ~~industries~~extent that one or more of the transacting parties might be prevented from fully pursuing its own separate interests.

10The financial statements shall include disclosures of material related party transactions, other than compensation arrangements, expense allowances, and other similar items in the ordinary course of business. However, disclosure of transactions that are eliminated in the preparation of consolidated or combined financial statements is not required in those statements. The disclosures shall include: (a) the nature of the relationship(s) involved; (b) a description of the transactions, including transactions to which no amounts or nominal amounts were ascribed, for each of the periods for which income statements are presented, and such other information deemed necessary to an understanding of the effects of the transactions on the financial statements; (c) the dollar amounts of transactions for each of the periods for which income statements are presented and the effects of any change in the method of establishing the terms from that used in the preceding period; and (d) amounts due from or to related parties as of the date of each balance sheet presented and, if not otherwise apparent, the terms and manner of settlement.

~~Income Taxes~~Leases

~~Income~~We determine if an arrangement is a lease at inception. ~~taxes~~Operating leases are ~~provided~~included in ~~accordance~~operating ~~with~~lease ~~ASC~~right-of-use ~~No.~~(“ROU”) ~~740~~assets, ~~Accounting~~operating ~~for~~lease ~~Income~~liabilities ~~Taxes.~~- Acurrent, ~~deferred~~and ~~tax~~operating lease ~~asset~~liabilities or- ~~liability~~noncurrent ison ~~recorded for~~the ~~all~~balance ~~temporary~~sheets. ~~differences~~Finance ~~between~~leases ~~financial~~are included in property and ~~tax~~equipment, ~~reporting~~other current liabilities, and ~~net~~other ~~operating~~long-term ~~loss~~liabilities ~~carryforwards~~in our balance sheets. ~~Deferred~~The ~~tax~~initial ~~expense~~lease ~~(benefit) results~~liability ~~from~~is equal to the ~~net~~future ~~change~~fixed ~~during~~minimum lease payments discounted using the ~~year~~Company’s incremental borrowing rate, on a secured basis. The initial measurement of ~~deferred~~the ~~tax~~right-of-use ~~assets~~asset is equal to the initial lease liability plus any initial direct costs and ~~liabilities~~prepayments, less any lease incentives.

~~Deferred~~ROU assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. Operating lease ~~tax~~ROU assets and liabilities are ~~reduced~~recognized byat acommencement ~~valuation~~date ~~allowance~~based ~~when,~~on inthe present value of lease payments over the ~~opinion~~lease term. As most of ~~management~~our leases do not provide an implicit rate, itwe isgenerally ~~more~~use ~~likely~~our ~~than~~incremental ~~not~~borrowing ~~that~~rate ~~some~~based ~~portion~~ on the estimated rate of ~~all~~interest for collateralized borrowing over a similar term of the ~~deferred~~lease ~~tax~~payments ~~assets~~at ~~will~~commencement ~~be realized~~date. ~~Deferred~~The ~~tax~~operating ~~assets~~lease ROU asset also includes any lease payments made and ~~liabilities~~excludes ~~are~~lease ~~adjusted~~incentives. ~~for~~Our lease terms may include options to extend or terminate the ~~effects~~lease ofwhen ~~changes~~it is inreasonably ~~tax~~certain ~~laws~~that ~~and~~we ~~rates~~will exercise that option. Lease expense for lease payments is recognized on ~~the~~a ~~date~~straight-line ofbasis ~~enactment~~over the lease term.

~~Earnings Per Share~~12

~~Basic~~Impairment ~~earnings~~of ~~per common share is computed by dividing net earnings attributable to common shareholders by the weighted~~Long-~~average~~lived number of common shares outstanding during the period. Diluted earnings per share is computed by dividing net income attributable to common shareholders by the sum of the weighted average number of common stock outstanding and dilutive potential common stock during the period.Assets

~~Diluted~~The ~~earnings~~Company ~~per~~follows ~~share~~paragraph ~~considers~~360-10-05-4 of the ~~impact~~FASB ofAccounting ~~potentially~~Standards ~~dilutive~~Codification ~~securities~~for ~~except~~its inlong-lived ~~periods~~assets. inThe ~~which~~Company’s ~~there~~long-lived isassets, asuch ~~loss~~as ~~because~~intellectual ~~the~~property, are ~~inclusion~~required ofto be reviewed for impairment annually, or whenever events or changes in circumstances indicate that the ~~potential~~carrying ~~common~~amount ~~shares~~of ~~would~~the ~~have~~asset anmay ~~anti-dilutive~~not ~~effect~~be recoverable.

~~Foreign~~The Company assesses the recoverability of its long-lived assets by comparing the projected undiscounted net cash flows associated with the related long-lived asset or group of long-lived ~~Currency~~assets ~~Translation~~over ~~and~~their ~~Transactions~~remaining estimated useful lives against their respective carrying amounts. Impairment, if any, is based on the excess of the carrying amount over the fair value of those assets. Fair value is generally determined using the asset’s expected future discounted cash flows or market value, if readily determinable. If long-lived assets are determined to be recoverable, but the newly determined remaining estimated useful lives are shorter than originally estimated, the net book values of the long-lived assets are depreciated over the newly determined remaining estimated useful lives.

The ~~Hong~~ ~~Kong~~Company ~~Dollar~~determined ~~(“HKD”)~~that isthere ~~the~~were ~~functional~~no ~~currency~~ impairments of ~~Central~~long-lived ~~whereas~~assets ~~the~~at ~~financial~~December ~~statements are reported in United States Dollar (“USD~~31,” ~~“$”).~~2019 ~~Assets~~ and ~~liabilities~~September ~~are translated based on the exchange rates at the balance sheet date~~30, ~~while revenue and expense accounts are translated at the average exchange rates prevailing during the period~~2020. Equity accounts are translated at historical exchange rates. The resulting translation gain and loss adjustments are accumulated as a component of stockholders’ equity and other comprehensive loss.

~~The East~~Revenue Caribbean Dollar (“ECD”) is the functional currency of Migom Bank whereas the financial statements are reported in United States Dollar (“USD,” “$”). Assets and liabilities are translated based on the exchange rates at the balance sheet date, while revenue and expense accounts are translated at the average exchange rates prevailing during the period. Equity accounts are translated at historical exchange rates. The resulting translation gain and loss adjustments are accumulated as a component of stockholders’ equity and other comprehensive loss.Recognition

11In 2014, the FASB issued guidance on revenue recognition (“ASC 606”), with final amendments issued in 2016. The underlying principle of ASC 606 is to recognize revenue to depict the transfer of goods or services to customers at the amount expected to be collected. ASC 606 creates a five-step model that requires entities to exercise judgment when considering the terms of contracts, which includes (1) identifying the contracts or agreements with a customer, (2) identifying our performance obligations in the contract or agreement, (3) determining the transaction price, (4) allocating the transaction price to the separate performance obligations, and (5) recognizing revenue as each performance obligation is satisfied. The Company only applies the five-step model to contracts when it is probable that the Company will collect the consideration it is entitled to in exchange for the services it transfers to its clients. The Company has concluded that the new guidance did not require any significant change to its revenue recognition processes.

~~Comprehensive~~The Company is working on setting up a network of affiliated businesses in several countries, which may provide a seamless integration between the traditional ~~Income/Loss~~regulated banking and financial services and the innovative emerging fintech solutions, benefiting consumers and businesses worldwide.

The Company ~~reports~~generates ~~comprehensive~~revenue ~~loss~~from ~~and~~account ~~its~~opening ~~components~~fees inof ~~its~~1,349,135 and ~~financial~~service ~~statements.~~fees ~~Comprehensive~~for ~~loss~~transfers ~~consists~~ of ~~net~~funds ~~loss~~by ~~on foreign~~depositors ~~currency~~of ~~translation~~$256,299 ~~adjustments~~for ~~affecting~~the ~~stockholders’~~nine ~~equity~~months ~~that,~~ended ~~under~~September ~~U.S. GAAP~~30, ~~are excluded from net loss~~2020.

~~● Central~~13

oIncome As of June 30, 2020, the exchange rate between U.S. Dollars and Hong Kong Dollar was US$1.00 = HKD7.7505, and the weighted average exchange rate for the period of January 1, 2020 through June 30, 2020 was US$1.00 =HKD7.7794.Taxes

oIncome Astaxes ofare ~~December~~provided in ~~31,~~accordance ~~2019,~~with ~~the~~ASC ~~exchange~~No. ~~rate~~740, ~~between~~Accounting Ufor Income Taxes.S. ~~Dollars~~A ~~and~~deferred ~~Hong~~tax ~~Kong~~asset ~~Dollar~~or ~~was~~liability ~~US$1.00~~is =recorded ~~HKD7.789,~~for ~~and~~all ~~the~~temporary ~~weighted~~differences between ~~average~~financial ~~exchange~~and ~~rate~~tax ~~for~~reporting ~~the~~and ~~period~~net ofoperating ~~November~~loss ~~16,~~carryforwards. ~~2019~~Deferred tax expense (~~inception~~benefit) ~~through~~results ~~December~~from ~~31,~~the ~~2019~~net ~~was~~change ~~US$1.00~~during the ~~=HKD7~~year of deferred tax assets and liabilities.~~8065.~~

●Deferred ~~Migom~~tax ~~Bank~~assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion of all of the deferred tax assets will be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment.

oNet AsIncome of(Loss) per ~~June~~Common 30, 2020, the exchange rate between U.S. Dollars and East Caribbean Dollar was US$1.00 = ECD2.7, and the weighted average exchange rate for the period of January 1, 2020 through June 30, 2020 was US$1.00 =ECD2.7.Share

oThe AsCompany computes basic and diluted income (loss) per share amounts pursuant to section 260-10-45 of ~~December~~the 31FASB Accounting Standards Codification. Basic loss per share is computed by dividing net loss available to common shareholders, ~~2019~~by the weighted average number of shares of common stock outstanding during the period, excluding the ~~exchange~~effects ~~rate~~of ~~between~~any Upotentially dilutive securities.S. ~~Dollars~~Diluted ~~and~~loss ~~East~~per ~~Caribbean~~share ~~Dollar~~is ~~was~~computed ~~US$1.00~~by =dividing ~~ECD2.7,~~net ~~and~~loss available to common shareholders by the diluted weighted average ~~exchange~~number ~~rate~~of ~~for~~shares of common stock during the period. The diluted weighted average number of ~~November~~common ~~16,~~shares ~~2019~~outstanding ~~(inception)~~is ~~through~~the ~~December~~basic ~~31,~~weighted ~~2019~~number ~~was~~of ~~US$1.00~~shares ~~=ECD2~~adjusted as of the first day of the year for any potentially diluted debt or equity.7.

~~Cash~~The dilutive effect of outstanding convertible ~~Flows~~securities ~~Reporting~~and preferred stock is reflected in diluted earnings per share by application of the if-converted method.

~~The Company~~Foreign ~~adopted~~Currency ~~paragraph~~Translation ~~230-10-45-24 of the FASB Accounting Standards Codification for cash flows reporting, classifies cash receipts~~ and payments according to whether they stem from operating, investing, or financing activities and provides definitions of each category, and uses the indirect or reconciliation method (“Indirect method”) as defined by paragraph 230-10-45-25 of the FASB Accounting Standards Codification to report net cash flow from operating activities by adjusting net income to reconcile it to net cash flow from operating activities by removing the effects of (a) all deferrals of past operating cash receipts and payments and all accruals of expected future operating cash receipts and payments and (b) all items that are included in net income that do not affect operating cash receipts and payments. The Company reports the reporting currency equivalent of foreign currency cash flows, using the current exchange rate at the time of the cash flows and the effect of exchange rate changes on cash held in foreign currencies is reported as a separate item in the reconciliation of beginning and ending balances of cash and cash equivalents and separately provides information about investing and financing activities not resulting in cash receipts or payments in the period pursuant to paragraph 830-230-45-1 of the FASB Accounting Standards Codification.Transactions

~~Subsequent~~The Hong Kong Dollar (“HKD”) is the functional currency of Central whereas the financial statements are reported in United States Dollar (“USD,” “$”). ~~Events~~Assets and liabilities are translated based on the exchange rates at the balance sheet date, while revenue and expense accounts are translated at the average exchange rates prevailing during the period. Equity accounts are translated at historical exchange rates. The resulting translation gain and loss adjustments are accumulated as a component of stockholders’ equity and other comprehensive loss.

~~The Company~~Comprehensive follows the guidance in Section 855-10-50 of the FASB Accounting Standards Codification for the disclosure of subsequent events. The Company will evaluate subsequent events through the date when the financial statements were issued. Pursuant to ASU 2010-09 of the FASB Accounting Standards Codification, the Company as an SEC filer considers its financial statements issued when they are widely distributed to users, such as through filing them on EDGAR.Income/Loss

~~Recently~~The Company reports comprehensive loss and its components in its financial statements. Comprehensive loss consists of net loss on foreign currency translation adjustments affecting ~~Issued~~stockholders’ ~~Accounting~~equity ~~Pronouncements~~that, under U.S. GAAP, are excluded from net loss.

In February 2016, FASB issued ASC 842 that requires lessees to recognize lease assets and corresponding lease liabilities on the balance sheet for all leases with terms of more than 12 months. The update, which supersedes existing lease guidance, will continue to classify leases as either finance or operating, with the classification determining the pattern of expense recognition in the income statement.14

~~The ASU~~Cash ~~will~~Flows be effective for annual and interim periods beginning after December 15, 2019, with early adoption permitted, and is applicable on a modified retrospective basis with various optional practical expedients. The Company has assessed the impact of this standard. The company’s current leases as of the balance sheet date do not fall under this guidance as they are month-to-month leases.Reporting

~~Management~~The Company adopted paragraph ~~does~~230-10-45-24 ~~not~~of ~~believe~~the ~~that~~FASB ~~any~~Accounting ~~recently~~Standards ~~issued~~Codification for cash flows reporting, ~~but~~classifies ~~not~~cash ~~yet~~receipts ~~effective~~and ~~accounting~~payments ~~pronouncements~~according to whether they stem from operating, ~~when~~investing, ~~adopted~~or financing activities and provides definitions of each category, ~~will~~and ~~have~~uses the indirect or reconciliation method (“Indirect method”) as defined by paragraph 230-10-45-25 of the FASB Accounting Standards Codification to report net cash flow from operating activities by adjusting net income to reconcile it to net cash flow from operating activities by removing the effects of (a) ~~material~~all deferrals of past operating cash receipts and payments and all accruals of expected future operating cash receipts and payments and (b) all items that are included in net income that do not affect operating cash receipts and payments. The Company reports the reporting currency equivalent of foreign currency cash flows, using the current exchange rate at the time of the cash flows and the effect of exchange rate changes on cash held in foreign currencies is reported as a separate item in the ~~accompanying~~reconciliation of ~~financial~~beginning ~~statements~~and ending balances of cash and cash equivalents and separately provides information about investing and financing activities not resulting in cash receipts or payments in the period pursuant to paragraph 830-230-45-1 of the FASB Accounting Standards Codification.

12Subsequent Events

~~NOTE~~The Company follows the guidance in Section 855-10-50 of the FASB Accounting Standards Codification for the disclosure of subsequent events. The Company will 3evaluate –subsequent ~~ACQUISITIONS~~events through the date when the financial statements were issued. Pursuant to ASU 2010-09 of the FASB Accounting Standards Codification, the Company as an SEC filer considers its financial statements issued when they are widely distributed to users, such as through filing them on EDGAR.

~~Acquisition of~~Recently ~~Migom~~Issued ~~Bank~~Accounting ~~Ltd.~~Pronouncements

~~On May~~In ~~12,~~December ~~2020~~2019, the ~~Company~~FASB ~~entered~~issued ~~into~~ASU an2019-12 - ~~acquisition~~Income ~~agreement~~Taxes ~~with Migom Bank Ltd. and Thomas A. Schaetti~~ (~~“Mr.~~Topic ~~Schaetti”~~740) ~~(the~~: ~~“Migom~~Simplifying ~~Agreement”).~~the ~~Pursuant~~Accounting tofor ~~the~~Income ~~Migom~~Taxes. ~~Agreement,~~This ~~the~~ASU ~~Company~~provides ~~acquired~~an ~~all~~exception ofto the ~~outstanding~~general ~~equity~~methodology ~~of Migom~~for ~~Bank~~calculating ~~Ltd.~~income ~~(“Migom~~taxes ~~Bank”).~~in ~~Migom~~an ~~Bank~~interim isperiod when a ~~regulated full~~year-~~service~~to-date ~~international~~loss ~~bank,~~exceeds ~~licensed by~~ the ~~Financial~~anticipated ~~Services Unit~~loss offor the ~~Ministry~~year. ofThis ~~Finance~~update ofalso ~~Commonwealth~~(1) requires ofan ~~Dominica,~~entity ~~specializing~~to inrecognize ~~providing~~a ~~retail~~franchise ~~banking~~tax ~~services~~(or tosimilar ~~individuals and~~tax) ~~companies~~that ~~worldwide.~~is Inpartially ~~addition~~based toon ~~the~~income ~~traditional~~as ~~services~~an ofincome-based atax ~~deposit~~and ~~institution~~account for ~~Migom~~any ~~Bank~~incremental ~~offers~~amount ~~lending,~~incurred ~~leasing, and~~as ~~investment~~a ~~services~~non-income-based tax, ~~provides~~(2) ~~money~~requires ~~transmittal~~an ~~services,~~entity ~~is authorized~~ to ~~issue~~evaluate ~~and~~when ~~administer~~a ~~means~~step-up ofin ~~payment~~the ~~such~~tax asbasis ~~credit~~of goodwill ~~and~~should ~~debit~~be ~~cards,~~considered ~~travelers~~part ~~cheques,~~of ~~bankers’~~the ~~drafts~~business ~~and~~combination ~~electronic~~in ~~money.~~which ~~Migom~~goodwill ~~Bank~~was isoriginally ~~also~~recognized ~~authorized~~for byaccounting ~~its~~purposes ~~regulators to~~and ~~provide~~when ~~custody~~it should ofbe ~~securities,~~considered ~~issue~~a ~~guarantees~~separate transaction, and ~~commitments,~~(3) ~~provide~~requires ~~credit~~that ~~reference~~an ~~services,~~entity ~~safe~~reflect ~~custody~~the effect of ~~valuables, offer~~an ~~all~~enacted ~~forms~~change ofin ~~electronic~~tax ~~banking~~laws ~~and~~or ~~foreign~~rates in ~~exchange~~the ~~and~~annual ~~precious~~effective ~~metal~~tax ~~dealing~~rate ~~services.~~computation ~~Migom~~in ~~Bank~~the isinterim ~~also~~period ~~authorized by~~that ~~its~~includes ~~regulators~~the toenactment ~~perform~~date. aThe ~~variety~~standard ofis ~~investment~~effective ~~banking~~for ~~and~~the Company ~~corporate~~for ~~finance~~fiscal ~~services.~~years Inbeginning ~~exchange~~after ~~for~~December ~~the~~15, ~~equity Migom Bank~~2020, ~~the~~with ~~Company~~early ~~issued~~adoption Mrpermitted. ~~Schaetti~~The ~~126,222~~Company ~~shares~~is ofcurrently ~~common~~in ~~stock~~the process of evaluating the ~~Company,~~impact atof athe ~~price~~adoption ~~per~~on ~~share~~its ofconsolidated ~~$9.00~~financial ~~for total consideration of $1,136,000~~statements.

~~Acquisition~~In February 2020, the FASB issued ASU 2020-02, “Financial Instruments – Credit Losses (Topic 326) and Leases (topic 842) Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 119 and Update to SEC Section on Effective Date Related to Accounting Standards Update No. 2016-02, Leases (topic 842)”. This ASU provides guidance regarding methodologies, documentation, and internal controls related to expected credit losses. This ASU is effective for interim and annual periods beginning after December 15, 2019, and early adoption is permitted. The Company is evaluating the impact of ~~Central~~this ~~Rich~~guidance ~~Trading~~on ~~Limited~~its consolidated financial statements.

~~On May~~Management ~~12,~~does ~~2020,~~not ~~the Company, entered into an acquisition agreement with Central Rich Trading Ltd. (“Central”) and Mr.~~believe ~~Schaetti (the “Central Agreement”). Pursuant to the Central Agreement, the Company acquired all of the outstanding equity of Central. Central is a money service business~~ that isany ~~licensed~~recently ~~by the Hong Kong Customs and Excise Department to provide all forms of permitted money services~~issued, ~~electronic~~but ~~money~~not ~~and~~yet ~~payment~~effective ~~services~~accounting ~~in the respective territories. In exchange for the equity of Central~~pronouncements, ~~the~~when ~~Company issued Mr. Schaetti 17~~adopted,~~778~~ ~~shares~~will ofhave ~~common stock of the Company, at~~ a ~~price~~material ~~per~~effect ~~share~~on ofthe ~~$9.00~~accompanying ~~for~~financial ~~total consideration of $160,000~~statements.

~~Common Control~~15

~~The transactions~~NOTE ~~between~~3 ~~the~~– Company and Migom Bank and Central, which all three are under common control, resulted in a change in reporting entity and required retrospective combination of the entities for all periods presented, as if the combination had been in effect since the inception of common control. Accordingly, the consolidated financial statements of the Company reflect the accounting of the combined acquired subsidiaries at historical carrying values, except that equity reflects the equity of Migom Global.ACQUISITIONS

~~NOTE 4~~Acquisition –of ~~GOING~~Migom ~~CONCERN~~Bank Ltd.

~~The~~On May 12, 2020, the Company entered into an acquisition ~~financial~~agreement ~~statements~~with ~~have~~Migom ~~been~~Bank ~~prepared~~Ltd. ~~assuming~~and ~~that~~Thomas A. Schaetti (“Mr. Schaetti”) (the “Migom Agreement”). Pursuant to the Migom Agreement, the Company ~~will~~acquired ~~continue~~all asof the outstanding equity of Migom Bank Ltd. (“Migom Bank”). Migom Bank is a ~~going~~regulated full-service ~~concern~~international bank, ~~which~~licensed ~~contemplates~~by ~~continuity~~the Financial Services Unit of the Ministry of Finance of Commonwealth of Dominica, specializing in providing retail banking services to individuals and companies worldwide. In addition to the traditional services of a deposit institution Migom Bank offers lending, leasing, and investment services, provides money transmittal services, is authorized to issue and administer means of ~~operations~~payment such as credit and debit cards, ~~realization~~travelers cheques, bankers’ drafts and electronic money. Migom Bank is also authorized by its regulators to provide custody of ~~assets~~securities, issue guarantees and ~~liquidation~~commitments, provide credit reference services, safe custody of ~~liabilities~~valuables, inoffer all forms of electronic banking and foreign exchange and precious metal dealing services. Migom Bank is also authorized by its regulators to perform a variety of investment banking and corporate finance services. In exchange for the ~~normal~~equity ~~course~~Migom Bank, the Company issued Mr. Schaetti 126,222 shares of ~~business~~common stock of the Company, at a price per share of $9.00 for total consideration of $1,136,000.

~~As reflected~~Acquisition ~~in the financial statements, the Company had accumulated deficit~~ of ~~$462,678 since~~Central ~~inception~~Rich ~~with limited operations~~Trading ~~with reported loss of $298,201 for the six months ended June 30, 2020. These factors raise substantial doubt about the Company’s ability to continue as a going concern.~~Limited

~~Although the~~On ~~Company~~May ~~has~~12, ~~recognized some nominal amount of revenues since inception~~2020, the Company, isentered ~~devoting~~into ~~substantially~~an acquisition ~~all~~agreement ofwith ~~its~~Central ~~efforts on~~Rich ~~establishing~~Trading ~~the~~Ltd. ~~business~~(“Central”) and ~~its~~Mr. ~~planned~~Schaetti ~~principal~~(the ~~operations~~“Central ~~have not commenced~~Agreement”). ~~The~~ ~~Company is attempting~~ Pursuant to ~~commence operations~~the ~~and~~Central ~~generate sufficient revenue; however~~Agreement, the Company’s ~~cash~~acquired ~~position~~all ~~may~~of ~~not~~the beoutstanding ~~sufficient~~equity toof ~~support its daily operations~~Central. ~~While~~Central ~~the~~is ~~Company~~a ~~believes~~money inservice ~~the~~business ~~viability~~that ofis ~~its~~licensed by ~~strategy~~the toHong ~~commence~~Kong ~~operations~~Customs and ~~generate~~Excise ~~sufficient~~Department ~~revenue and~~to inprovide ~~its~~all ~~ability~~forms toof ~~raise~~permitted ~~additional~~money ~~funds~~services, ~~there~~electronic ~~can~~money beand nopayment ~~assurances~~services in tothe ~~that~~respective ~~effect~~territories. ~~The~~ ~~ability~~In ofexchange for the ~~Company~~equity toof ~~continue as~~Central, athe ~~going~~Company ~~concern~~issued isMr. ~~dependent~~Schaetti ~~upon~~17,778 ~~its~~shares ~~ability~~of tocommon ~~further~~stock ~~implement its business plan and generate sufficient revenue and its~~of ~~ability~~the toCompany, ~~raise~~at ~~additional~~a ~~funds~~price byper ~~way~~share of a$9.00 ~~public~~for ortotal ~~private~~consideration ~~offering~~of $160,000.

~~The financial~~Common statements do not include any adjustments related to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.Control

13The transactions between the Company and Migom Bank and Central, which all three are under common control, resulted in a change in reporting entity and required retrospective combination of the entities for all periods presented, as if the combination had been in effect since the inception of common control. Accordingly, the consolidated financial statements of the Company reflect the accounting of the combined acquired subsidiaries at historical carrying values, except that equity reflects the equity of Migom Global.

NOTE 5 4 – ~~PROPERTY~~GOING ~~AND EQUIPMENT~~CONCERN

~~Property~~The financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates continuity of operations, realization ~~Plant~~of assets, and ~~Equipment~~liquidation ~~schedule~~of asliabilities ~~follows:~~in the normal course of business.

	June 30, 2020			December 31, 2019
Computer equipment	$	3,240		$	3,240
Less: accumulated depreciation		(3,240	)		(3,240	)
Net	$	-		$	-

As reflected in the financial statements, the Company had accumulated earnings of $446,849 since inception with limited operations with reported net income of $611,326 for the nine months ended September 30, 2020. However, this is the first quarter for the Company to generate revenue, the Company cannot assure it will generate profit in the coming years. And it still raises doubt about the Company’s ability to continue as a going concern currently.

~~Depreciation~~Although the Company has recognized some nominal amount of revenues since inception, the Company is devoting substantially all of its efforts on establishing ~~expense~~the ~~was~~business $0and its planned principal operations have not commenced. The Company is attempting to commence operations and ~~$810~~generate sufficient ~~for~~revenue; however, the ~~six~~Company’s ~~months~~cash ~~ended~~position ~~June~~may ~~30,~~not ~~2020~~be sufficient to support its daily operations. While the Company believes in the viability of its strategy to commence operations and ~~2019~~generate sufficient revenue and in its ability to raise additional funds, ~~respectively~~there can be no assurances to that effect. The ability of the Company to continue as a going concern is dependent upon its ability to further implement its business plan and generate sufficient revenue and its ability to raise additional funds by way of a public or private offering.

~~NOTE~~The financial statements do not include any adjustments related to the recoverability and classification of recorded asset amounts or the amounts and classification 6of –liabilities ~~INTANGIBLE~~that ~~ASSETS~~might be necessary should the Company be unable to continue as a going concern.

~~Intangible assets schedule as follows:~~16

	June 30, 2020			December 31, 2019
Intellectual property	$	270,000		$	-
Less: accumulated amortization		(6,429	)		-
Net	$	263,571		$	-

NOTE 5 – RESTRICTIONS ON CASH AND DUE FROM BANKS

~~Amortization~~The Dominica Republic ~~expense~~banking ~~was~~regulators $6do not require bank subsidiaries to maintain minimum average reserve balances,~~429~~ ~~and~~either $0in ~~for~~the form of vault cash or reserve balances held with central banks or other financial institutes; the ~~six~~only ~~months~~requirement ~~ended~~is ~~June~~to ~~30,~~have ~~2020~~one ~~and~~million ~~2019,~~dollars ~~respectively~~in equity capital of the bank.

NOTE 7 6 – ~~NOTES~~INTANGIBLE ~~PAYABLE TO RELATED PARTY~~ASSETS

~~On October~~Intangible 9,assets ~~2019,~~schedule ~~the~~as ~~Company entered into a convertible note agreement with Heritage Equity Fund, for $20,000 and $22,814, with interest rate of 8% and maturity date of July 9, 2020.~~follows:

On April 14, 2020, the Company entered into a convertible note agreement with Heritage Equity Fund, for $35,697, maturity date of July 1, 2021, the note bears interest of 12% per annum and has a conversion price of $0.0025 per share. Heritage Equity Fund is a related party as it is controlled by Thomas A. Schaetti, director and majority shareholder of the Company.

	September 30, 2020			December 31, 2019

Intellectual property	$	270,000		$	-
Less: accumulated amortization		(16,071	)		-
Net	$	253,929		$	-

~~Interest~~Amortization expense ~~were~~was $116,~~197~~071 ~~and $46~~ for the ~~six~~ nine months ended ~~June~~September 30, 2020 ~~and 2019, respectively~~.

OnNOTE ~~April~~7 ~~16,~~– ~~2020,~~NOTES ~~the~~PAYABLE ~~notes~~TO ~~payable related~~RELATED ~~party and interest payable has been settled by issuance of Preferred Stock Series A through a settlement agreement.~~PARTY

~~NOTE~~On October 9, 2019, the Company entered into a convertible note agreement with Heritage Equity Fund, for $20,000 and $22,814, with interest rate of 8% –and ~~SHAREHOLDERS’~~maturity date ~~EQUITY~~of July 9, 2020.

~~Shares~~On April 14, 2020, the Company entered into a convertible note agreement with Heritage Equity Fund, for $35,697, maturity date of July 1, 2021, the note bears interest of 12% per annum ~~Authorized~~and has a conversion price of $0.0025 per share. Heritage Equity Fund is a related party as it is controlled by Thomas A. Schaetti, director and majority shareholder of the Company.

~~Upon formation~~Interest ~~the~~expense ~~total~~were ~~number~~$942 ofand ~~shares~~$46 offor ~~all classes of stock which~~ the ~~Company is authorized to issue is seventy-five million~~nine ~~(75,000,000)~~months ~~shares~~ended ofSeptember ~~which seventy-five million (75~~30,~~000,000)~~ ~~shares~~2020 ~~shall~~and ~~be common stock~~2019, ~~par value $0~~respectively.~~001 per share.~~

On April 816, 2020, the ~~Company~~notes ~~filed~~payable arelated ~~Certificate of Amendment with the State of Nevada increasing its authorized shares by 650,000~~party ~~so that they consisted of 75,000,000 shares of common stock~~ and ~~650,000~~interest ~~shares~~payable ofhas ~~preferred~~been ~~stock.~~settled ~~The~~by ~~Board~~issuance of Directors of the Company and the majority of the shareholders of the Company voted in favor of the rights on April 7, 2020. On April 13, 2020, the “Company, filed with the State of Nevada, a Certificate of Designation for its Series A preferred stock (the “Certificate”). The Certificate was effective on April 13, 2020. The Certificate establishes all of the rights of the holders of the Series A Preferred Stock ~~(the “~~Series A~~”),~~ asthrough ~~related~~a tosettlement ~~the Series A, including, but not limited to the lack of Series A conversion rights, its voting rights, and the liquidation preference (collectively, the “Rights”)~~agreement.

1417

~~Common Stock~~NOTE 8 – DEPOSIT

As Deposits consists of ~~June~~funds ~~30,~~place ~~2020,~~into ~~there~~banking institution ~~were~~by ~~7,489,000~~the ~~total~~bank ~~shares~~accounts ~~issued~~holders ~~and~~for ~~outstanding~~safekeeping. The account holder has the right to withdraw deposited funds accordingly.

~~On April~~The ~~21,~~composition ~~2020, the Company entered into an asset purchase agreement with Heritage Equity Fund (the “Asset Agreement”). Pursuant to the Asset Agreement, the Company acquired all~~ of ~~the~~deposits ~~intellectual~~was ~~property~~as of Heritage Equity Fund related to core banking front end and back end user interface software, banking and trading cloud-based and server software, and mobile applications (collectively, the “Assets”). In exchange for the Assets, the Company issued Heritage Equity Fund 30,000 shares of common stock of the Company, at a price per share of $9.00 for total consideration of $270,000. follows:

On May 12, 2020, the Company entered into an acquisition agreement with Migom Bank (see Note 3). The Company issued Mr. Schaetti 126,222 shares of common stock of the Company, at a price per share of $9.00.

	September 30, 2020		December 31, 2019
Non interest-bearing deposits	$	8,857,306	$	0
Total deposits	$	8,857,306	$	0

~~On May~~NOTE ~~12,~~9 ~~2020,~~– ~~the~~SHAREHOLDERS’ ~~Company entered into an acquisition agreement with Central (see Note 3). The Company issued Mr. Schaetti 17,778 shares of common stock of the Company, at a price per share of $9.00.~~EQUITY

~~Preferred Stock~~Shares Authorized

AsUpon formation the total number of ~~June~~shares ~~30,~~of ~~2020,~~all ~~there~~classes ~~were~~of ~~650~~stock which the Company is authorized to issue is seventy-five million (75,000,000) shares ~~total~~of which seventy-five million (75,000,000) shares ~~issued~~shall ~~and~~be ~~outstanding~~common stock, par value $0.001 per share.

~~The Company~~On ~~entered~~April ~~into~~8, a2020, ~~Securities~~the ~~Exchange~~Company ~~and~~filed ~~Settlement~~a ~~Agreement~~Certificate of Amendment with the State of Nevada increasing its ~~controlling~~authorized ~~shareholder~~shares by 650,000 ~~Heritage~~so ~~Equity~~that ~~Fund~~they consisted of 75,000,000 ~~dated~~shares of common stock and 650,000 shares of preferred stock. The Board of Directors of the Company and the majority of the shareholders of the Company voted in favor of the rights on April 167, 2020,. ~~pursuant~~On toApril ~~which~~13, 2020, the “Company, ~~agreed~~filed towith ~~issue~~the ~~Heritage~~State ~~Equity~~of ~~Fund 650~~Nevada,~~000~~ ~~shares~~a Certificate of Designation for its Series A preferred stock (the “Certificate”). The Certificate was effective on April 13, 2020. The Certificate establishes all of the rights of the holders of the Series A Preferred Stock in ~~exchange~~(the ~~for~~“Series ~~$80~~A”),~~243~~ inas ~~accrued~~related ~~and~~to ~~unpaid~~the ~~debt~~Series ~~principle~~A, including, ~~and~~but ~~interest~~not limited to the lack of Series A conversion rights, ~~under~~its ~~three~~voting ~~convertible~~rights, ~~debentures~~and ~~held~~the byliquidation ~~Heritage~~preference (collectively, ~~Equity~~the ~~Fund~~“Rights”).

~~NOTE 9~~Common ~~– RELATED PARTY TRANSACTIONS~~Stock

~~Free~~As of ~~Office~~September ~~Space~~30, 2020, there were 7,489,000 total shares issued and outstanding.

~~The~~ On April 21, 2020, the Company ~~has~~entered ~~been~~into ~~provided~~an asset ~~office~~purchase ~~space~~agreement bywith ~~its~~Heritage ~~President~~Equity atFund no(the ~~cost~~“Asset Agreement”). ~~Management~~Pursuant ~~determined~~to ~~that~~the ~~such~~Asset ~~cost~~Agreement, isthe ~~nominal~~Company acquired all of the intellectual property of Heritage Equity Fund related to core banking front end and ~~did~~back-end ~~not~~user interface software, banking and trading cloud-based and server software, and mobile applications (collectively, the “Assets”). In exchange for the Assets, ~~recognize~~the Company issued Heritage Equity Fund 30,000 shares of common stock of the ~~rent~~Company, ~~expense~~at ina ~~its~~price ~~financial~~per ~~statement~~share of $9.00 for total consideration of $270,000.

~~Acquisition~~On May 12, 2020, the Company entered into an acquisition agreement with Migom Bank (see Note 3). The Company issued Mr. Schaetti 126,222 shares of common stock of the Company, at a price per share of ~~intellectual~~ ~~property~~$9.00.

On ~~April~~ 21May 12, 2020, the Company entered into an ~~asset purchase~~ acquisition agreement with ~~Heritage~~Central ~~Equity Fund, who was 80% owned by Thomas A. Schaetti,~~ (~~the~~see ~~“Asset~~Note ~~Agreement”~~3). ~~Pursuant~~The ~~to the Asset Agreement, the~~ Company ~~acquired~~issued all of the intellectual property of Heritage Equity Fund related to core banking front end and back end user interface software, banking and trading cloud-based and server software, and mobile applications (collectively, the “Assets”)Mr. InSchaetti ~~exchange for the Assets~~17,778 ~~the Company issued Heritage Equity Fund 30,000~~ shares of common stock of the Company, at a price per share of $9.00 ~~for total consideration for $270,000~~.

~~Marketing fees~~ Preferred Stock

~~The~~As ~~Company engaged Migom AG, a~~of ~~related~~September ~~party of the Company, for marketing service. For the six months ended June~~ 30, 2020 ~~and 2019~~, ~~the~~there ~~Company~~were ~~incurred marketing~~650,000 ~~expenses~~total ofshares $issued ~~221,021~~ and ~~$ 0 respectively~~outstanding.

~~Cash~~The Company entered into a Securities Exchange and Settlement Agreement with its controlling shareholder, Heritage Equity Fund, dated April 16, 2020, pursuant to which the Company ~~held~~agreed to issue Heritage Equity Fund 650,000 shares of its Series A Preferred Stock in ~~Trust~~ exchange for $80,243 in accrued and unpaid debt principal and interest, under three convertible debentures held by Heritage Equity Fund.

~~Cash~~On ~~was~~July ~~held~~1, 2020, the Company reversed the additional paid-in ~~trust~~capital contributed by ~~Migom~~Thomas ~~Investment~~A. SASchaetti asin ~~operating~~the ~~funds for~~amount ~~disbursements~~of ~~and~~$71,199 ~~receipts.~~to ~~The~~related ~~Company~~party ~~has~~debt ~~full~~because ~~control~~Mr. ~~and~~Schaetti ~~access~~is ~~over~~no ~~the~~longer ~~cash~~a ~~held~~shareholder inof ~~trust~~Migom Bank Ltd.

~~Advances from Related Parties~~18

~~From~~NOTE ~~time~~10 to– ~~time, Georgi~~RELATED ~~Parrik,~~PARTY the President and Director of the Company would advance funds to the Company for working capital purposes. These advances are unsecured, non-interest bearing and due on demand. The outstanding balance was $8,691 as of June 30, 2020 and December 31, 2020.TRANSACTIONS

~~The Company~~Free ~~received~~Office advance of $11,500 from Heritage Equity Fund LP for the six months ended June 30, 2020. As of June 30, 2020 and December 31, 2019, the balance advanced from Heritage Equity Fund LP was $11,5000 and $0 respectively.Space

15The Company has been provided office space by its President at no cost. Management determined that such cost is nominal and did not recognize the rent expense in its financial statement.

~~NOTE 10~~Acquisition –of ~~INCOME~~intellectual ~~TAXES~~ property

~~The~~ On April 21, 2020, the Company isentered ~~subject~~into an asset purchase agreement with Heritage Equity Fund, who was 80% owned by Thomas A. Schaetti, (the “Asset Agreement”). Pursuant to ~~federal~~the ~~taxes~~Asset inAgreement, the ~~United~~Company ~~States~~acquired ~~(tax~~all ~~rate~~of the intellectual property of ~~21%)~~Heritage Equity Fund related to core banking front end and back end user interface software, ~~state~~banking ~~taxes~~and intrading ~~Nevada~~cloud-based and server software, ~~foreign~~and ~~taxes~~mobile ~~for~~applications ~~Migom~~(collectively, ~~Bank~~the in“Assets”). ~~Dominica~~In ~~(tax~~exchange ~~rate~~for ofthe ~~27%)~~Assets, ~~and~~the ~~foreign~~Company ~~taxes~~issued ~~for~~Heritage ~~Central~~Equity inFund ~~Hong~~30,000 ~~Kong~~shares ~~(tax~~of ~~rate~~common stock of 8the Company, at a price per share of $9.~~25%)~~00 for total consideration for $270,000.

~~USA~~Marketing fees

~~Deferred~~The Company engaged Migom ~~tax assets~~AG, ~~consist~~a ~~primarily~~related party of the ~~tax~~Company, ~~effect~~for ofmarketing ~~NOL~~service ~~carry-forwards~~to ~~which~~refer ~~was~~customers ~~used~~ to ~~offset~~open ~~tax payable~~bank ~~from~~accounts ~~prior year’s~~at ~~operations~~Migom Bank. The ~~Company~~marketing ~~has~~fees ~~provided~~are recorded aas ~~full~~cost ~~valuation~~of ~~allowance~~revenue onas ~~the~~it ~~deferred~~is ~~tax~~directly ~~assets~~related ~~because~~to ofaccount opening service revenues. For the ~~uncertainty regarding~~nine ~~its~~months ~~realization. The~~ended ~~current~~September ~~valuation~~30, of2020 and ~~tax~~2019, ~~allowance~~the isCompany ~~n/a~~incurred asmarketing expenses of ~~June 30~~$546,418 ~~2020~~ and ~~2019~~$0 respectively.

~~Components of~~Cash ~~deferred~~held ~~tax~~in ~~assets are as follows:~~Trust

	June 30, 2020			June 30, 2019
Net deferred tax asset non-current:
Net operating loss carry-forward before income taxes	$	(137,381	)	$	(38,987	)
Income tax rate		21	%		21	%
Expected income tax benefit from NOL carry-forward		28,850			8,187
Less: Valuation allowance		(28,850	)		(8,187	)
Deferred tax asset, net of valuation allowance	$	-		$	-

Cash was held in trust by Migom Investment SA as operating funds for disbursements and receipts. The Company has full control and access over the cash held in trust.

~~Income Tax~~Advances ~~Provision~~from inRelated ~~the Statement of Operations~~Parties

AFrom ~~reconciliation~~time ofto time, Georgi Parrik, the President ~~federal~~and ~~statutory~~Director ~~income~~of ~~tax~~the ~~rate~~Company, and Thomas Shaetti, another Director of the ~~effective~~Company, would ~~income~~advance funds ~~tax~~to ~~rate~~the asCompany afor ~~percentage~~working ofcapital ~~income~~purposes. These ~~before~~advances are unsecured, ~~income~~non-interest ~~taxes~~bearing isand due on demand. The outstanding balance was $54,294 and $8,691 as ~~follows:~~of September 30, 2020 and December 31, 2019 respectively.

	June 30, 2020			June 30, 2019
Federal statutory income tax rate		21.0	%		21.0	%
Increase (reduction) in income tax provision resulting from:
Net Operating Loss (NOL) carry-forward		(21.0	)%		(21.0	)%
Effective income tax rate		0.0	%		0.0	%

The Company received advance of $67,000 from Heritage Equity Fund LP for the nine months ended September 30, 2020. As of September 30, 2020 and December 31, 2019, the balance advanced from Heritage Equity Fund LP was $67,000 and $0 respectively.

1619

~~The Company~~NOTE ~~has~~11 ~~accumulated~~– ~~$137,381~~INCOME ~~of net operating losses (“NOL”) carried forward to offset future taxable income.~~TAXES

~~In assessing the realization of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will be realized.~~ The ~~ultimate~~Company ~~realization of deferred tax assets~~ is ~~dependent~~subject ~~upon~~to ~~the~~federal ~~generation of~~taxes ~~future taxable income during the periods~~ in ~~which those temporary differences become deductible. Management considers~~ the ~~scheduled~~ ~~reversal~~United ofStates ~~deferred~~ (tax ~~liabilities,~~rate ~~projected~~of ~~future~~21%), ~~taxable~~state ~~income~~taxes ~~and tax planning strategies~~ in ~~making this assessment. Based on the assessment~~Nevada, ~~management~~foreign ~~has~~taxes ~~established~~for aMigom ~~full~~Bank ~~valuation~~in ~~allowance~~Dominica ~~against~~(tax ~~all~~rate of ~~the~~27%), ~~deferred~~and ~~tax~~foreign ~~asset relating to NOLs~~taxes for ~~every~~Central ~~period~~in ~~because~~Hong itKong is(tax ~~more~~rate ~~likely than not that all~~ of ~~the deferred tax asset will not be realized~~8.25%).

~~Hongkong~~USA

~~Central was~~The ~~incorporated~~Company ~~under~~did ~~the~~not ~~Hong~~recognize ~~Kong~~any ~~tax~~deferred ~~laws. The statutory income~~ tax assets ~~rate~~or ~~is 8.25%. Subsidiaries in Hong Kong are exempted~~liabilities ~~from~~as ~~income~~of ~~tax~~September on30, ~~their~~2020 ~~foreign-derived income~~ and ~~there~~December ~~are~~31, ~~no withholding taxes in Hong Kong on remittance of dividends~~2019.

~~NOTE~~A reconciliation of the federal statutory income 11tax –rate ~~COMMITMENTS~~and ~~AND~~the ~~CONTINGENCIES~~effective income tax rate as a percentage of income before income taxes is as follows:

Legal Matters

	Nine months ended September 30, 2020

Federal statutory income tax rate		21.0	%
Increase (reduction) in income tax provision resulting from:
Preferential taxation		(21.0	)%
Effective income tax rate		0.0	%

From time to time, we may be involved in litigation relating to claims arising out of our operations in the normal course of business. As of October 12, 2020, there were no pending or threatened lawsuits.Hongkong

~~Lease~~Central was incorporated under the Hong Kong tax laws. The statutory income tax rate is 8.25%. Subsidiaries in Hong Kong are exempted from income tax on their foreign-derived income and there ~~expenses~~are no withholding taxes in Hong Kong on remittance of dividends.

~~The original lease agreement was less than 12 months and subsequently became month to month after expiration.~~20

~~The~~NOTE ~~Company~~12 ~~has~~– ~~elected~~COMMITMENTS toAND ~~not recognize lease assets and liabilities for leases with a term less than twelve months.~~CONTINGENCIES

~~NOTE~~The Company follows subtopic 450-20 of the FASB Accounting Standards Codification to report accounting for contingencies. Certain conditions may exist as of the date 12the –financial ~~SUBSEQUENT~~statements ~~EVENTS~~are issued, which may result in a loss to the Company, but which will only be resolved when one or more future events occur or fail to occur. The Company assesses such contingent liabilities, and such assessment inherently involves an exercise of judgment. In assessing loss contingencies related to legal proceedings that are pending against the Company or unasserted claims that may result in such proceedings, the Company evaluates the perceived merits of any legal proceedings or unasserted claims as well as the perceived merits of the amount of relief sought or expected to be sought therein.

~~The~~If the assessment of ~~Company~~a ~~has~~contingency ~~evaluated~~indicates ~~all~~that ~~events~~it is probable that ~~occur~~a ~~after~~material loss has been incurred and the ~~balance~~amount ~~sheet~~of ~~date~~the ~~through~~liability can be estimated, then the ~~date~~estimated ~~when~~liability would be accrued in the Company’s financial statements. ~~were~~If ~~issued~~the assessment indicates that a potential tomaterial ~~determine~~loss ifcontingency ~~they~~is ~~must~~not probable but is reasonably possible, or is probable but cannot be ~~reported.~~estimated, ~~The~~then ~~Management~~the nature of the ~~Company~~contingent liability, ~~determined~~and ~~that~~an ~~there~~estimate ~~were~~of ~~reportable~~the ~~subsequent~~range ~~event(s) to~~of possible losses, if determinable and material, would be disclosed.

~~The Company~~Loss ~~has~~contingencies ~~been~~considered remote ~~affected~~are ~~negatively~~generally bynot ~~COVID-19~~disclosed ~~directly~~unless ~~and~~they ~~adversely~~involve ~~affected~~guarantees, ~~the~~in ~~development~~which ~~this~~case ~~year as follows: (a) administrative lockdowns impeded~~ the ~~Company’s~~guarantees ~~ability~~would tobe ~~scout,~~disclosed. Management ~~interview and recruit both key management staff and clerical and support~~does ~~employees~~not ~~as opening new offices and training of new employees has been impeded. Furthermore~~believe, ~~due~~based toupon ~~travel~~information ~~restrictions~~available ~~and~~at ~~closures of~~this ~~administrative~~time ~~and~~that ~~regulatory~~these ~~offices~~matters inwill ~~various~~have ~~target~~a ~~markets~~material ~~internationally,~~adverse ~~new~~effect ~~development plans have been put~~ on ~~hold.~~the Company’s ~~Attracting~~financial ~~capital investment has become more challenging due to travel and social interaction restrictions~~position, ~~which~~results ~~prevented~~of ~~the Company~~operations ~~from~~or ~~being~~cash ~~able to make in-person presentations and roadshows to investors~~flows. ~~Interaction with the acquisition targets~~However, ~~regulators,~~ ~~banks~~there ~~and~~is ~~other~~no ~~vendors~~assurance ofthat ~~requisite~~such ~~services~~matters inwill ~~Dominica~~not materially and ~~Hong Kong has been made very difficult due to travel~~adversely ~~restrictions~~affect to the ~~respective areas and has been mainly put on hold. Key personnel of the~~ Company’s ~~has been directly affected by COVID-19~~business, infinancial ~~particular~~position, ~~which certain employees~~ and ~~vital~~results ~~outsourced~~of ~~contractors~~operations ~~had~~or ~~contracted~~cash ~~and suffered through active COVID-19 infections~~flows.

17The Company did not have any commitments or contingencies as of September 30, 2020

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

~~General~~From time to time, we may be involved in litigation relating to claims arising out of our operations in the normal course of business. As of April 30, 2021, there were no pending or threatened lawsuits.

~~Migom Global~~Lease Corp. (the “Company”) was incorporated as Alfacourse Inc. in the State of Nevada on February 29, 2016. On October 9, 2019, as a result of a private transactions, 5,000,000 shares of common stock (the “Shares”) of the Company, were transferred from Oleg Jitov to Heritage Equity Fund LP (the “Purchaser”). As a result, the Purchaser became a 68.35% holder of the voting rights of the issued and outstanding share capital of the Company on a fully-diluted basis of the Company, and became the controlling shareholder. In connection with the transaction, Oleg Jitov released the Company from all debts owed to him. On October 8, 2019, the existing director and officer resigned. Accordingly, Oleg Jitov, serving as a director and an officer, ceased to be the Company’s Chief Executive Officer, Chief Financial Officer, President, Treasurer, Secretary and a Director. At the effective date of the transfer, Georgi Parrik consented to act as the new President, CEO, CFO, Treasurer, Secretary and Chairman of the Board of Directors of the Company. On November 1, 2019, the Company amended its articles of incorporation change its name to Migom Global Corp. The change was made in anticipation of entering into a new line of business operations which is a new company building synergistic ventures in international banking, securities brokerage, electronic money distribution as well as digital assets origination and market making. Our offices are located at 1185 Avenue of the Americas, 3rd Floor, New York, NY 10036.expenses

~~On January~~The ~~23,~~original ~~2020,~~lease ~~HRH~~agreement ~~Prince Maximillian Habsburg~~ was ~~appointed~~less asthan ~~Chairman~~12 ofmonths ~~the Board of Directors of the Company. Also, on January 23, 2020, Mr. Thomas Schaetti~~ and ~~Mr. Stefan Lenhart were appointed as members of the Board of Directors of the Company.~~subsequently ~~HRH~~became ~~Prince~~month ~~Maximillian~~to ~~Habsburg,~~month ~~Thomas~~after ~~Schaetti, and Stefan Lenhart accepted such appointments on January 23, 2020~~expiration. ~~Each appointee is independent using the definition of independence under NASDAQ Listing Rule 5605(a)(2) and the standards established by the Securities and Exchange Commission.~~

~~On May~~The ~~12, 2020, the~~ Company ~~entered~~has ~~into~~elected ~~an acquisition agreement with Migom Bank Ltd. and Thomas A. Schaetti (the “Migom Agreement”). Pursuant~~ to ~~the~~not ~~Migom~~recognize ~~Agreement,~~lease ~~the~~assets Company acquired all of the outstanding equity of Migom Bank Ltd. (“Migom Bank”). Migom Bank is a regulated full-service international bank, licensed by the Financial Services Unit of the Ministry of Finance of Commonwealth of Dominica, specializing in providing retail banking services to individuals and ~~companies worldwide.~~liabilities In addition to the traditional services of a deposit institution Migom Bank offers lending, leasing, and investment services, provides money transmittal services, is authorized to issue and administer means of payment such as credit and debit cards, travelers cheques, bankers’ drafts and electronic money. Migom Bank is also authorized by its regulators to provide custody of securities, issue guarantees and commitments, provide credit reference services, safe custody of valuables, offer all forms of electronic banking and foreign exchange and precious metal dealing services. Migom Bank is also authorized by its regulators to perform a variety of investment banking and corporate finance services. In exchange for ~~the~~leases ~~equity~~with ~~Migom Bank, the Company issued Mr. Schaetti 126,222 shares of common stock of the Company, at~~ a ~~price~~term ~~per~~less ~~share~~than oftwelve $9months.~~00.~~

~~On May~~The ~~12,~~lease ~~2020,~~expense ~~the~~was ~~Company~~$20,190 ~~entered into an acquisition agreement with Central Rich Trading Ltd.~~ and ~~Thomas~~$0 A.for ~~Schaetti (~~the ~~“Central Agreement”).~~nine ~~Pursuant~~months toended ~~the Central Agreement, the Company acquired all of the outstanding equity of Central Rich Trading~~September ~~Ltd. (“Central”). Central is a money service business that is licensed by the Hong Kong Customs and Excise Department to provide all forms of permitted money services~~30, ~~electronic~~2020 ~~money~~ and ~~payment services in the respective territories~~2019. ~~In exchange for the equity of Central, the Company issued Mr. Schaetti 17,778 shares of common stock of the Company, at a price per share of $9.00.~~

~~On May~~NOTE ~~14,~~13 ~~2020,~~– ~~Mr.~~SUBSEQUENT ~~Thomas A. Schaetti was appointed as President of the Company and Georgi Parrik assumed the title of Chief Executive Officer.~~EVENTS

WeThe Company has evaluated ~~are~~all aevents ~~company~~that ~~with~~occur ~~limited~~after ~~earnings~~the tobalance sheet date ~~and~~through ~~nominal~~the ~~operations~~date ~~and~~when ~~assets~~the ~~with~~financial astatements ~~focus~~were onissued ~~intellectual~~to ~~property~~determine ~~development~~if they must be reported. The Management of the Company determined that there were reportable subsequent event(s) to be disclosed.

~~Patent~~The Company has been affected negatively by COVID-19 directly and adversely affected the development this year as follows: (a) administrative lockdowns impeded the Company’s ability to scout, interview and recruit both key management staff and clerical and support employees as opening new offices and training of new employees has been impeded. Furthermore, due to travel restrictions and closures of administrative and regulatory ~~Trademark~~offices in various target markets internationally, ~~License~~new &development ~~Franchise~~plans ~~Restrictions~~have been put on hold. Attracting capital investment has become more challenging due to travel and ~~Contractual~~social ~~Obligations~~interaction &restrictions, ~~Concessions~~which prevented the Company from being able to make in-person presentations and roadshows to investors. Interaction with the acquisition targets, regulators, banks and other vendors of requisite services in Dominica and Hong Kong has been made very difficult due to travel restrictions to the respective areas and has been mainly put on hold. Key personnel of the Company has been directly affected by COVID-19, in particular, which certain employees and vital outsourced contractors had contracted and suffered through active COVID-19 infections.

Migom Global uses a group of Intellectual Property Practice lawyers assist internationally and locally in transactions where intellectual property plays an important role, such as non-disclosure and confidentiality agreements, franchise agreements, license agreements and transfer agreements. It is carried out in accordance with local and international law.21

~~Governmental~~ Item 2. Management’s Discussion and ~~Industry~~Analysis ~~Regulations~~of Financial Condition and Results of Operations.

~~We will~~General be subject to federal and state laws and regulations that relate directly or indirectly to our operations including federal securities laws. We will also be subject to common business and tax rules and regulations pertaining to the normal business operations.

18Migom Global Corp. (the “Company”) was incorporated as Alfacourse Inc. in the State of Nevada on February 29, 2016. On October 9, 2019, as a result of a private transactions, 5,000,000 shares of common stock (the “Shares”) of the Company, were transferred from Oleg Jitov to Heritage Equity Fund LP (the “Purchaser”). As a result, the Purchaser became a 68.35% holder of the voting rights of the issued and outstanding share capital of the Company on a fully-diluted basis of the Company, and became the controlling shareholder. In connection with the transaction, Oleg Jitov released the Company from all debts owed to him. On October 8, 2019, the existing director and officer resigned. Accordingly, Oleg Jitov, serving as a director and an officer, ceased to be the Company’s Chief Executive Officer, Chief Financial Officer, President, Treasurer, Secretary and a Director. At the effective date of the transfer, Georgi Parrik consented to act as the new President, CEO, CFO, Treasurer, Secretary and Chairman of the Board of Directors of the Company. On November 1, 2019, the Company amended its articles of incorporation change its name to Migom Global Corp. The change was made in anticipation of entering into a new line of business operations which is a new company building synergistic ventures in international banking, securities brokerage, electronic money distribution as well as digital assets origination and market making. Our offices are located at 1185 Avenue of the Americas, 3rd Floor, New York, NY 10036.

~~Research~~On January 23, 2020, HRH Prince Maximillian Habsburg was appointed as Chairman of the Board of Directors of the Company. Also, on January 23, 2020, Mr. Thomas Schaetti and Mr. Stefan Lenhart were appointed as members of the Board of Directors of the Company. HRH Prince Maximillian Habsburg, Thomas Schaetti, and ~~Development~~Stefan ~~Activities~~Lenhart accepted such appointments on January 23, 2020. Each appointee is independent using the definition of independence under NASDAQ Listing Rule 5605(a)(2) and ~~Costs~~the standards established by the Securities and Exchange Commission.

~~Support will~~On beMay ~~provided~~12, ~~for~~2020, ~~activities~~the ~~targeting~~Company ~~among~~entered ~~others:~~into ~~regional~~an ~~marketing,~~acquisition agreement ~~trade~~with Migom Bank Ltd. and ~~investment~~Thomas ~~promotion,~~A. ~~SME~~Schaetti ~~development~~(the “Migom Agreement”). Pursuant to the Migom Agreement, the Company acquired all of the outstanding equity of Migom Bank Ltd. (“Migom Bank”). Migom Bank is a regulated full-service international ~~development~~bank, licensed by the Financial Services Unit of ~~local~~the ~~and~~Ministry ~~regional~~of ~~labor~~Finance ~~markets~~of Commonwealth of Dominica, specializing in providing retail banking services to individuals and companies worldwide. In addition to the ~~development~~traditional services of ana ~~information~~deposit ~~society~~institution Migom Bank offers lending, ~~new~~leasing, ~~technologies~~and investment services, ~~improvement~~provides money transmittal services, is authorized to issue and administer means of ~~cooperation~~payment ~~between~~such ~~research~~as credit and ~~business~~debit ~~institutions~~cards, ~~the~~travelers ~~socio-economic~~cheques, bankers’ drafts and ~~environmental~~electronic ~~rehabilitation~~money. Migom Bank is also authorized by its regulators to provide custody of ~~technologically~~securities, ~~transformed~~issue guarantees and commitments, provide credit reference services, safe custody of valuables, offer all forms of electronic banking and foreign exchange and precious metal dealing services. Migom Bank is also authorized by its regulators to perform a variety of investment banking and ~~contaminated~~corporate ~~areas~~finance services. In exchange for the equity Migom Bank, the Company issued Mr. Schaetti 126,222 shares of common stock of the Company, at a price per share of $9.00.

~~Compliance~~On May 12, 2020, the Company, entered into an acquisition agreement with ~~Environmental~~Central ~~Laws~~Rich Trading Ltd. and Thomas A. Schaetti (the “Central Agreement”). Pursuant to the Central Agreement, the Company acquired all of the outstanding equity of Central Rich Trading Ltd. (“Central”). Central is a money service business that is licensed by the Hong Kong Customs and Excise Department to provide all forms of permitted money services, electronic money and payment services in the respective territories. In exchange for the equity of Central, the Company issued Mr. Schaetti 17,778 shares of common stock of the Company, at a price per share of $9.00.

~~Our~~On May 14, 2020, Mr. Thomas A. Schaetti was appointed ~~operations~~as ~~are~~President ~~not~~of ~~subject~~the toCompany ~~any~~and ~~environmental~~Georgi ~~laws~~Parrik assumed the title of Chief Executive Officer.

~~Results~~The Company, through Migom Bank, provides a full set of ~~Operations~~general ~~for~~and ~~the~~private ~~Three~~banking ~~Months~~services, ~~Ended~~with ~~June~~strict 30but reasonable compliance policies. Migom Bank is multi-currency IBAN’s, both ~~2020~~SEPA and ~~2019~~SWIFT-enabled and has universally accepted prepaid debit cards. We provide fast global money transfers, superb account security and data protection, a full suite of e-banking tools online and in-app, and a seamless link to crypto assets.

~~Revenues~~22

~~For~~Migom Bank offers personal accounts, which can be applied for and opened online. Our general banking accounts offer everything to simplify and streamline daily financial life. You can see the ~~three~~Company’s ~~months~~services ~~ended~~at ~~June~~migom.com. 30Migom Bank also provides international e-commerce, ~~2020~~with multiple currencies, ~~our~~support ~~revenue~~locations in ~~was~~key $0parts ~~compared~~of tothe $0world, ~~for~~a network of reliable correspondent banks and an expert IT team. Migom Bank is managed by the ~~same~~group ~~period~~of inSwiss and ~~June~~international 30financial services professionals. Migom Bank offers personal accounts, ~~2019~~which can be applied for and opened online. Migom Bank also has an app that can be found at the App Store or Google Play.

~~Operating~~Migom Bank offers an e-wallet that can be linked to existing credit/debit cards, bank accounts and connects to various money transfer systems turning it into a hub of personal finances. ~~Expenses~~The e-wallet accepts BTC or other blockchain-based coins where it bridges crypto asset holdings with the fiat currency world via seamless instant transfers between your accounts.

~~For~~Migom ~~the~~Bank ~~three~~provides ~~months~~its ~~ended~~Private ~~June~~Bank ~~30,~~portfolio-holders with ~~2020,~~personal ~~our~~advice ~~operating~~and ~~expenses were~~individually-crafted ~~$261,992~~trading ~~comprised~~strategies in most of ~~salary~~the ~~expense,~~relevant ~~$16,200,~~securities ~~rent~~markets. ~~expense,~~Our ~~$12,042,~~global ~~marketing~~industry ~~expenses,~~affiliations ensure ~~$221,021,~~safe ~~and~~custody ~~general~~of funds and ~~administrative expenses~~securities, ~~$2,073~~efficient ~~compared~~order toexecution ~~operating~~and ~~expenses~~access ofto ~~$6,469,~~the ~~comprised~~most ofdifficult ~~professional~~products ~~fees,~~such ~~$5,812,~~as ~~and~~US ~~general~~OTC ~~and administrative~~Markets ~~expenses,~~stocks ~~$657~~and ~~for~~Eastern ~~the~~European ~~three~~stock ~~months~~exchanges. ~~ended~~Our ~~June~~general ~~30,~~banking ~~2019,~~clients ~~primarily~~are ~~due~~offered tolow-cost ~~the~~online ~~acquisition~~trading ofon ~~Migom~~major ~~Bank~~stock ~~Ltd~~and commodities exchanges. (“Migom Bank~~”) and~~ ~~Central~~also ~~Rich~~offers ~~Trading~~Visa ~~Limited~~and ~~(“Central~~MasterCard ~~Rich~~credit ~~Trading”) in May 2020~~cards.

~~Net~~We assist international clients with capital formation needed for business expansion. We work with the established investment banks in the most liquid capital markets of the world we arrange ~~Income~~and manage various public offerings and private placements of capital. The network of our business affiliates used for these services includes major law and accounting firms, US FINRA-member b/d’s, UK FCA-licensed companies, EU-passported brokerages and other regulated entities. We also offer turn-key STO and other asset-tokenization services via our own regulated securities token exchange. EMI License (~~Loss~~London, Lithuania, Malta, Hong Kong). Migom Bank has correspondent bank accounts in United States, Canada, Italy, Portugal, France, Great Britain, Luxembourg, Latvia, and Hong Kong.

~~For~~Migom ~~the~~Bank ~~three~~is ~~months~~actively ~~ended~~involved ~~June~~in ~~30,~~the ~~2020,~~blockchain revolution. Our clients get preferred access to our ~~net~~own ~~loss~~proprietary ~~was~~crypto ~~$262~~currency trading system,~~624~~ ~~compared~~which uses artificial intelligence to awork ~~net~~simultaneously ~~loss~~on dozens of ~~$6,469~~the ~~for~~most liquid crypto-exchanges. Our system ensures stealth execution of the ~~same~~most ~~period~~voluminous trading orders at the best available prices in ~~2019~~the shortest possible time. The speed of our crypto-trading execution combined with the ability of Migom Bank to safely custody and instantly move fiat funds are one of a kind.

~~Results of~~In ~~Operations~~addition, ~~for~~we acquired all of the ~~Six~~outstanding Central ~~Months~~Rich ~~Ended~~Trading ~~June~~Ltd.on 30May 12, 2020 form Mr. Schaetti. Central Rich Trading Ltd. is a money service business that is licensed by the Hong Kong Customs and ~~2019~~Excise Department to provide all forms of permitted money services, electronic money and payment services in the respective territories.

~~Revenues~~Patent, Trademark, License & Franchise Restrictions and Contractual Obligations & Concessions

~~For~~Migom Global uses a group of Intellectual Property ~~the~~Practice ~~six~~lawyers ~~months~~assist ~~ended~~internationally and ~~June~~locally ~~30,~~in ~~2020~~transactions where intellectual property plays an important role, ~~our~~such ~~revenue~~as non-disclosure and confidentiality ~~was~~agreements, $0franchise ~~compared~~agreements, tolicense $0agreements ~~for~~and ~~the~~transfer ~~same~~agreements. ~~period~~It is carried out in ~~June~~accordance ~~30,~~with ~~2019~~local and international law.

~~Operating Expenses~~Governmental and Industry Regulations

~~For~~We ~~the~~will ~~six~~be ~~months~~subject ~~ended~~to ~~June~~federal ~~30,~~and ~~2020,~~state ~~our~~laws ~~operating expenses~~and ~~were~~regulations ~~$297,005~~that ~~comprised~~relate ofdirectly ~~salary~~or ~~expense,~~indirectly ~~$32,400,~~to ~~rent~~our ~~expense,~~operations ~~$13,392,~~including ~~marketing~~federal ~~expenses,~~securities ~~$221,021,~~laws. ~~and~~We ~~general~~will ~~and~~also ~~administrative expenses,~~be ~~$6,429~~subject ~~compared~~ to ~~operating~~common business ~~expenses~~and oftax ~~$10,696,~~rules ~~comprised of professional fees, $8,953,~~ and ~~general~~regulations ~~and~~pertaining ~~administrative expenses, $1,743 for the six months ended June 30, 2019, primarily due~~ to the ~~acquisition~~normal ofbusiness ~~Migom Bank and Central Rich Trading in May 2020~~operations.

~~Net Loss~~23

~~For the~~Research ~~six~~and ~~months~~Development ~~ended~~Activities ~~June~~and Costs ~~30, 2020, our net loss was $298,201 compared to a net loss of $10,740 for the same period in 2019.~~

~~Liquidity~~Support will be provided for activities targeting among others: regional marketing, trade and investment promotion, SME development, the development of local and regional labor markets, the development of an information society, new technologies, improvement of cooperation between research and ~~Capital~~business ~~Resources~~institutions, the socio-economic and environmental rehabilitation of technologically transformed and contaminated areas.

~~Liquidity and~~Compliance ~~Capital~~with ~~Resources~~Environmental ~~during~~Laws ~~the six months ended June 30, 2020 compared to the six months ended June 30, 2019~~

~~As of~~Our ~~June~~operations ~~30,~~are ~~2020, the Company reported the cash or cash equivalent balance of $1,351,323 and liabilities of $466,297. The net operating capital of the Company is~~ not ~~sufficient~~subject ~~for the Company~~ to ~~remain~~any ~~operational~~environmental ~~in a short term~~laws.

19Results of Operations for the Three Months Ended September 30, 2020 and 2019

~~For the~~We ~~six~~completed ~~months~~our ~~ended~~operation ~~June~~organization ~~30,~~structure in May 2020, weand started ~~have~~banking ~~cash~~operations ~~flows~~during ~~provided~~the bythree ~~operating~~months ~~activities~~ended ofSeptember ~~$148~~30,~~947~~ ~~compared~~2020, toand ~~cash~~we ~~flows~~did ~~used in~~not ~~operating~~have ~~activities~~any ofoperations ~~$707~~for the ~~six~~three months ended ~~June~~September 30, 2019.

Since inception, we have sold 5,000,000 shares of common stocks to our previous president and director, at a price of $0.001 per share and 2,315,000 shares of common stock to our investors at a price of $0.01 per share for the aggregated proceeds of $28,150. Our previous president and director also provided $3,224 long term loan to the company (non-interest bearing with no fixed term of repayment), which was waived as part of the change of control transaction. Our current President and Director, Georgi Parrik, provided a $8,691 long-term loan to the Company (non-interest bearing with no fixed term of repayment),Revenues

~~Going~~For the three months ended September 30, 2020, ~~Concern~~we began to generate revenue in the amount of $1,349,135.

The accompanying unaudited financial statements and the factors within it, have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business and the ability of the Company to continue as a going concern for a reasonable period of time. The Company had net loss of $298,201 for the six months ended June 30, 2020, and had cash provided by operating activities of $148,947 for the six months ended June 30, 2020. The Company had working capital surplus and accumulated deficit of $885,024 and $462,678, respectively, as of June 30, 2020. The Company’s continuation as a going concern is dependent upon its ability to generate revenues and its ability to continue receiving investment capital and loans from third parties to sustain its current level of operations. The Company is in the process of securing working capital from investors for common stock, convertible notes payable, and/or strategic partnerships. No assurance can be given that the Company will be successful in these efforts. The financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.Expenses

~~We currently~~For ~~have~~the nothree ~~off-balance~~months ~~sheet~~ended ~~arrangements~~September ~~that~~30, ~~have~~2020, our orexpenses ~~are~~related ~~reasonably likely~~ to ~~have~~our abanking ~~current~~operations orwere ~~future~~$421,157 ~~material~~comprised ~~effect on~~of ~~our~~marketing ~~financial~~fee ~~condition~~of $325,397, ~~changes~~salary inexpense ~~financial~~of ~~condition~~$16,200, ~~revenues~~rent orexpense of ~~expenses~~$6,798, ~~results~~professional fees of ~~operations~~$33,437, ~~liquidity~~and general and administrative expenses of $39,325. The ~~capital~~Company ~~expenditures~~has paid marketing expenses orfor ~~capital~~bank ~~resources~~accounts opening services.

~~Critical Accounting~~Net ~~Policies~~Income

~~The preparation~~For ~~of financial statements in conformity with accounting principles generally accepted in~~ the ~~United~~three ~~States~~months ofended ~~America requires~~September us to make a number of 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. Such estimates and assumptions affect the reported amounts of revenues and expenses during the reporting period. We base our estimates on historical experiences and on various other assumptions that we believe to be reasonable under the circumstances. Actual results may differ materially from these estimates under different assumptions and conditions. We continue to monitor significant estimates made during the preparation of our financial statements. On an ongoing basis30, ~~we evaluate estimates and assumptions based upon historical experience and various other factors~~2020, ~~and circumstances. We believe~~ our ~~estimates~~net ~~and~~income ~~assumptions~~was ~~are reasonable in the circumstances; however~~$909, ~~actual results may differ from these estimates under different future conditions~~527.

~~See Item 7, “Management’s Discussion and Analysis of Financial Condition and~~ Results of Operations” ~~and Note 1, “Summary of Significant Accounting Policies” in our audited financial statements~~ for the ~~year~~Nine ~~ended~~Months ~~December~~Ended ~~31,~~September ~~2019~~30, ~~included in our Annual Report on Form 10-K as filed on March 31,~~ 2020~~, for a discussion of our critical accounting policies and estimates.~~

~~Item 3. Quantitative and Qualitative Disclosures about Market Risk.~~Revenues

~~A smaller~~For ~~reporting~~the ~~company,~~nine asmonths ~~defined~~ended bySeptember ~~Item~~30, ~~10 of Regulation S-K~~2020, we isbegan ~~not~~to ~~required~~generate torevenue ~~provide~~in the ~~information~~amount ~~required~~of ~~by this item~~$1,349,135.

~~Item 4.~~Operating ~~Controls and Procedures.~~Expenses

~~Evaluation~~For the nine months ended September 30, 2020, our operating expenses were $718,162 comprised of marketing fess of $546,418, salary expense of $48,600, rent expense of $20,190, professional fees of ~~Disclosure~~$57,200, ~~Controls~~and general and ~~Procedures~~administrative expenses of $45,754.

~~The Securities~~Net and Exchange Commission defines the term “disclosure controls and procedures” to mean a company’s controls and other procedures of an issuer that are designed to ensure that information required to be disclosed in the reports that it files or submits under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported, within the time periods specified in the Securities and Exchange Commission’s rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by an issuer in the reports that it files or submits under the Securities Exchange Act of 1934 is accumulated and communicated to the issuer’s management, including its chief executive and chief financial officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure. The Company maintains such a system of controls and procedures in an effort to ensure that all information which it is required to disclose in the reports it files under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the time periods specified under the SEC’s rules and forms and that information required to be disclosed is accumulated and communicated to the chief executive and interim chief financial officer to allow timely decisions regarding disclosure.Income

20For the nine months ended September 30, 2020, our net income was $611,326.

~~As of~~Liquidity ~~the end of the period covered by this report, we carried out an evaluation, under the supervision~~ and ~~with~~Capital the participation of our Chief Executive Officer and Chief Financial Officer, of the effectiveness of the design and operation of our disclosure controls and procedures. Based on this evaluation, the Chief Executive Officer and Chief Financial Officer have concluded that the Company’s disclosure controls and procedures are not effective as of such date. The Chief Executive Officer and Chief Financial Officer have determined that the Company continues to have the following deficiencies which represent a material weakness:Resources

1.Liquidity ~~The Company’s lack of independent directors, the Company intends to appoint additional independent directors; 2. Lack of in-house personnel with the technical knowledge to identify~~ and ~~address~~Capital ~~some~~Resources ofduring the ~~reporting~~nine ~~issues~~months ~~surrounding~~ended ~~certain complex or non-routine transactions. With material~~September 30, ~~complex and non-routine transactions, management has and will continue to seek guidance from third-party experts and/or consultants to gain a thorough understanding of these transactions; 3~~2020. Insufficient personnel resources within the accounting function to segregate the duties over financial transaction processing and reporting; 4. Insufficient written policies and procedures over accounting transaction processing and period end financial disclosure and reporting processes.

~~To remediate~~As ~~our~~of ~~internal~~September ~~control~~30, ~~weaknesses~~2020, ~~management~~the ~~intends~~Company toreported the ~~implement~~cash ~~the~~and ~~following~~due ~~measures:~~from bank balance of $10,730,311 and liabilities of $8,997,310.

● The Company will add sufficient number of independent directors to the board and appoint additional member(s) to the Audit Committee. ● The Company will add sufficient accounting personnel to properly segregate duties and to effect a timely, accurate preparation of the financial statements. ● The Company will hire staff technically proficient at applying U.S. GAAP to financial transactions and reporting. ● Upon the hiring of additional accounting personnel, the Company will develop and maintain adequate written accounting policies and procedures.24

~~The additional~~For ~~hiring~~the isnine ~~contingent~~months ~~upon~~ended ~~The~~September ~~Company’s~~30, ~~efforts~~2020, we tohave ~~obtain~~cash ~~additional~~flows ~~funding~~provided ~~through~~by ~~equity~~operating oractivities ~~debt~~of ~~and~~$9,500,278 ~~the~~The ~~results of~~activities ~~its~~were ~~operations.~~comprised ~~Management~~of ~~expects~~net toincome ~~secure~~of ~~funds~~$611,326, inamortization expenses ~~the~~of ~~coming~~$16,071, ~~fiscal~~increase ~~year~~in ~~but~~deposit ~~provides~~of no$8,857,306, ~~assurances~~and ~~that~~increase itin ~~will~~accounts bepayable ~~able to~~and doaccrued soliabilities of $13,522.

~~Changes~~For the nine months ended September 30, 2019, we have cash flows used in operating activities of $15,387. The activities were comprised of net loss of $14,377, amortization expenses of $1,240, and decrease in ~~Internal~~accounts ~~Control~~payable ~~Over~~and ~~Financial~~accrued ~~Reporting~~liabilities of $2,250.

~~There are~~We had no ~~changes~~investing inactivity ~~our~~for ~~internal~~the ~~controls~~nine ~~over~~months ended ~~financial~~September ~~reporting~~30, ~~other~~2020 ~~than~~and ~~as described elsewhere herein~~2019.

~~Limitations~~For the nine months ended September 30, 2020 and on2019, net cash provided by financing activities were $77,891 and $1,400, respectively; which represents the ~~Effectiveness~~proceeds offrom ~~Controls~~related parties.

~~The Company’s~~Critical ~~management,~~Accounting including the CEO and CFO, does not expect that our disclosure controls and procedures or our internal control over financial reporting will prevent or detect all error and all fraud. A control system, no matter how well designed and operated, can provide only reasonable, not absolute, assurance that the control system’s objectives will be met. Further, the design of the control system must reflect that there are resource constraints and that the benefits must be considered relative to their costs. Because of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, within the company have been detected. These inherent limitations include the realities that judgments in decision-making can be faulty and that breakdowns can occur because of simple error or mistake. Controls can also be circumvented by the individual acts of some persons, by collusion of two or more people, or by management override of controls. The design of any system of controls is based in part on certain assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions. Projections of any evaluation of controls effectiveness to future periods are subject to risks. Over time, controls may become inadequate because of changes in conditions or deterioration in the degree of compliance with policies or procedures.Policies

21The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires us to make a number of 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. Such estimates and assumptions affect the reported amounts of revenues and expenses during the reporting period. We base our estimates on historical experiences and on various other assumptions that we believe to be reasonable under the circumstances. Actual results may differ materially from these estimates under different assumptions and conditions. We continue to monitor significant estimates made during the preparation of our financial statements. On an ongoing basis, we evaluate estimates and assumptions based upon historical experience and various other factors and circumstances. We believe our estimates and assumptions are reasonable in the circumstances; however, actual results may differ from these estimates under different future conditions.

~~PART~~See Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and Note 1, “Summary of Significant Accounting Policies” IIin –our ~~OTHER~~audited ~~INFORMATION~~financial statements for the year ended December 31, 2019, included in our Annual Report on Form 10-K as filed on March 31, 2020, for a discussion of our critical accounting policies and estimates.

Item 1 3. ~~Legal~~Quantitative ~~Proceeding~~and Qualitative Disclosures about Market Risk.

~~Management is~~A ~~not~~smaller ~~aware~~reporting ofcompany, ~~any~~as ~~legal~~defined ~~proceedings contemplated~~ by ~~any~~Item ~~governmental~~10 ~~authority or any other party involving us or our properties. As~~ of ~~the~~Regulation ~~date of this Quarterly Report~~S-K, ~~no director, officer or affiliate is (i) a party adverse to us in any legal proceeding,~~ ~~or (ii) has an adverse interest to us in any legal proceedings. Management~~ is not ~~aware~~required ofto ~~any~~provide ~~other~~the ~~legal~~information ~~proceedings~~required ~~pending or~~by ~~that~~this ~~have been threatened against us or our properties~~item.

Item 1a 4. ~~Risk~~Controls ~~Factors~~and Procedures.

~~We are~~Evaluation ~~a smaller reporting company as defined by Rule 12b-2~~ of ~~the~~Disclosure ~~Securities~~Controls ~~Exchange Act of 1934~~ and ~~are not required to provide the information under this item.~~Procedures

~~Item~~The Securities and Exchange Commission defines the term “disclosure controls and procedures” to mean a company’s controls and other procedures of an issuer that are 2.designed ~~Unregistered~~to ~~Sales~~ensure that information required to be disclosed in the reports that it files or submits under the Securities Exchange Act of ~~Equity~~1934 is recorded, processed, summarized and reported, within the time periods specified in the Securities and ~~Use~~Exchange Commission’s rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by an issuer in the reports that it files or submits under the Securities Exchange Act of ~~Proceeds~~1934 is accumulated and communicated to the issuer’s management, including its chief executive and chief financial officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure. The Company maintains such a system of controls and procedures in an effort to ensure that all information which it is required to disclose in the reports it files under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the time periods specified under the SEC’s rules and forms and that information required to be disclosed is accumulated and communicated to the chief executive and interim chief financial officer to allow timely decisions regarding disclosure.

On April 21, 2020, the Company entered into an asset purchase agreement with Heritage Equity Fund LP (the “Asset Agreement”). Pursuant to the Asset Agreement, the Company acquired all of the intellectual property of Heritage Equity Fund LP (“Heritage”) related to core banking front end and back end user interface software, banking and trading cloud-based and server software, and mobile applications (collectively, the “Assets”). In exchange for the Assets, the Company issued Heritage 30,000 shares of common stock of the Company, at a price per share of $9.00. 25

~~On May~~As ~~12,~~of ~~2020,~~the end of the ~~Company~~period ~~entered~~covered ~~into~~by this report, we carried out an ~~acquisition~~evaluation, ~~agreement~~under the supervision and with ~~Migom~~the ~~Bank~~participation ~~Ltd.~~of ~~The~~our ~~Company~~Chief ~~issued~~Executive ~~Mr.~~Officer ~~Schaetti~~and ~~126~~Chief Financial Officer,~~222~~ ~~shares~~of the effectiveness of ~~common~~the ~~stock~~design and operation of our disclosure controls and procedures. Based on this evaluation, the Chief Executive Officer and Chief Financial Officer have concluded that the Company,’s atdisclosure acontrols ~~price~~and ~~per~~procedures ~~share~~are not effective as of $9such date.~~00.~~ The Chief Executive Officer and Chief Financial Officer have determined that the Company continues to have the following deficiencies which represent a material weakness:

~~On May~~1. ~~12,~~The ~~2020~~Company’s lack of independent directors, the Company ~~entered~~intends ~~into~~to anappoint ~~acquisition~~additional ~~agreement~~independent directors; 2. Lack of in-house personnel with ~~Central~~the ~~Rich~~technical ~~Trading~~knowledge ~~Limited.~~to ~~The~~identify ~~Company~~and ~~issued~~address Mrsome of the reporting issues surrounding certain complex or non-routine transactions. ~~Schaetti 17~~With material,~~778~~ ~~shares~~complex ofand ~~common~~non-routine ~~stock~~transactions, management has and will continue to seek guidance from third-party experts and/or consultants to gain a thorough understanding of these transactions; 3. Insufficient personnel resources within the ~~Company,~~accounting atfunction ato ~~price~~segregate ~~per~~the ~~share~~duties ofover $9financial transaction processing and reporting; 4.00 Insufficient written policies and procedures over accounting transaction processing and period end financial disclosure and reporting processes.

~~Item~~To remediate our internal control weaknesses, 3.management ~~Default~~intends ~~Upon~~to ~~Senior~~implement ~~Securities~~the following measures:

~~No report~~● ~~required~~The Company will add sufficient number of independent directors to the board and appoint additional member(s) to the Audit Committee. ● The Company will add sufficient accounting personnel to properly segregate duties and to effect a timely, accurate preparation of the financial statements. ● The Company will hire staff technically proficient at applying U.S. GAAP to financial transactions and reporting. ● Upon the hiring of additional accounting personnel, the Company will develop and maintain adequate written accounting policies and procedures.

~~Item~~The additional hiring is contingent upon The Company’s 4efforts to obtain additional funding through equity or debt and the results of its operations. ~~Mine~~Management ~~Safety~~expects ~~Disclosures~~to secure funds in the coming fiscal year but provides no assurances that it will be able to do so.

~~No report~~Changes ~~required.~~in Internal Control Over Financial Reporting

~~Item~~There are no changes in our internal controls 5.over ~~Other~~financial ~~Information~~reporting other than as described elsewhere herein.

~~No report~~Limitations ~~required.~~on the Effectiveness of Controls

~~Item~~The Company’s management, including the CEO and CFO, does not expect that our disclosure controls and procedures or our internal control over financial reporting will prevent 6or detect all error and all fraud. ~~Exhibits~~A control system, no matter how well designed and operated, can provide only reasonable, not absolute, assurance that the control system’s objectives will be met. Further, the design of the control system must reflect that there are resource constraints and that the benefits must be considered relative to their costs. Because of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, within the company have been detected. These inherent limitations include the realities that judgments in decision-making can be faulty and that breakdowns can occur because of simple error or mistake. Controls can also be circumvented by the individual acts of some persons, by collusion of two or more people, or by management override of controls. The design of any system of controls is based in part on certain assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions. Projections of any evaluation of controls effectiveness to future periods are subject to risks. Over time, controls may become inadequate because of changes in conditions or deterioration in the degree of compliance with policies or procedures.

31		Rule 13(a)-14(a)/15(d)-14(a) Certification of principal executive and financial officer
32		Section 1350 Certification of principal executive officer, principal financial officer and principal accounting officer
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

*PART ~~Pursuant~~II to– ~~Regulation~~OTHER S-T, this interactive data file is deemed not filed or part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, is deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, and otherwise is not subject to liability under these sections.INFORMATION

22Item 1. Legal Proceeding

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

~~The undersigned,~~Item ~~Georgi Parrik, President and Chief Executive Officer, and Chief Financial Officer and Secretary of Migom Global Corp~~1a. ~~(the~~ ~~“Registrant”)~~Risk certifies, under the standards set forth and solely for the purposes of 18 U.S.C. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that the Annual Report on Form 10-K of the Registrant for the year ended December 31, 2019 (the “Report”):Factors

~~(1)~~We ~~fully~~are ~~complies~~a ~~with~~smaller ~~the~~reporting ~~requirements~~company ofas ~~Section~~defined by ~~13(a)~~Rule or12b-2 ~~15(d)~~ of the Securities Exchange Act of 1934; and are not required to provide the information under this item.

(Item 2). ~~the~~Unregistered ~~information~~Sales ~~contained~~of inEquity ~~the~~Securities ~~Report fairly presents, in all material respects, the financial condition~~ and ~~results~~Use of ~~operations of the Registrant.~~Proceeds

~~Dated:~~On April 21, 2020, the Company entered into an asset purchase agreement with Heritage Equity Fund LP (the “Asset Agreement”). Pursuant to the Asset Agreement, the Company ~~October~~acquired 20all of the intellectual property of Heritage Equity Fund LP (“Heritage”) related to core banking front end and back end user interface software, ~~2020~~banking and trading cloud-based and server software, and mobile applications (collectively, the “Assets”). In exchange for the Assets, the Company issued Heritage 30,000 shares of common stock of the Company, at a price per share of $9.00.

~~By:~~On ~~/s/~~May ~~Georgi~~12, ~~Parrik~~2020, ~~Georgi~~the ~~Parrik~~Company ~~President~~entered ~~and~~into ~~Chief~~an ~~Executive~~acquisition agreement ~~Officer~~with ~~(principal~~Migom ~~executive~~Bank ~~officer)~~Ltd. The Company issued Mr. Schaetti 126,222 ~~and~~shares ~~Chief~~of ~~Financial~~common ~~Officer~~stock ~~and~~of ~~Secretary~~the ~~(principal~~Company, ~~financial~~at ~~officer)~~a price per share of $9.00.

~~A signed~~On ~~original~~May of12, ~~this~~2020, ~~written~~the ~~statement~~Company ~~required~~entered byinto ~~Section~~an ~~906~~acquisition agreement ~~has~~with ~~been~~Central ~~provided~~Rich toTrading ~~the~~Limited. The Company ~~and~~issued ~~will~~Mr. beSchaetti ~~retained~~17,778 byshares ~~the Company~~of ~~and~~common ~~furnished~~stock toof the ~~Securities~~Company, ~~and~~at ~~Exchange~~a ~~Commission~~price per orshare ~~its~~of ~~staff upon request~~$9.00.

23Item 3. Default Upon Senior Securities

No report required.

Item 4. Mine Safety Disclosures

No report required.

Item 5. Other Information

No report required.

Item 6. Exhibits

31		Rule 13(a)-14(a)/15(d)-14(a) Certification of principal executive and financial officer

32		Section 1350 Certification of principal executive officer, principal financial officer and principal accounting officer

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

Pursuant to Regulation S-T, this interactive data file is deemed not filed or part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, is deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, and otherwise is not subject to liability under these sections.

SIGNATURES

The undersigned, Georgi Parrik, President and Chief Executive Officer, and Chief Financial Officer and Secretary of Migom Global Corp. (the “Registrant”) certifies, under the standards set forth and solely for the purposes of 18 U.S.C. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that the Annual Report on Form 10-K of the Registrant for the year ended December 31, 2019 (the “Report”):

(1)

fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2)

the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Registrant.

Dated: May 3, 2021

	By:	/s/ Georgi Parrik
		Georgi Parrik
		President and Chief Executive Officer (principal executive officer), and Chief Financial Officer and Secretary (principal financial officer)

A signed original of this written statement required by Section 906 has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

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