UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q
x	QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
	For the quarterly period ended July 31, 2015
	For the quarterly period ended January 31, 2016
¨	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
	For the transition period from ___________ to ___________
Commission File Number 333-185909
Interactive Multi-Media Auction Corporation
(Exact name of registrant as specified in its charter)
British Virgin Islands		n/a
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)
2/F, Eton Tower
8 Hysan Avenue, Causeway Bay, Hong Kong
(Address of principal executive offices)		(Zip Code)
+852 2910-7795
(Registrant’s telephone number)
n/a
(Former name, former address and former fiscal year, if changed since last report)

British Virgin Islands	n/a
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)

2/F, Eton Tower
8 Hysan Avenue, Causeway Bay, Hong Kong
(Address of principal executive offices)	(Zip Code)

+852 2910-7795
(Registrant’s telephone number)

n/a
(Former name, former address and former fiscal year, if changed since last report)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes

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

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

Large accelerated filer o	Accelerated filer ¨
Non-accelerated filer o	Smaller reporting company x

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date: As of ~~September~~March 98, ~~2015~~2016, the issuer had one class of common stock, with a par value of $0.00025, of which 45,200,000 shares were issued and outstanding.

TABLE OF CONTENTS

		Page
	PART I—FINANCIAL INFORMATION
Item 1:	Financial Statements:
	Unaudited Balance Sheets as at July 31, 2015, and October 31, 2014	3
	Unaudited Balance Sheets as at January 31, 2016, and October 31, 2015	3
	Unaudited Statements of Operations for the Three and Nine Months Ended July 31, 2015 and 2014 and for the period from commencement of development stage, July 13, 2012, to July 31, 2015	4
	Unaudited Statements of Operations for the Three Months Ended January 31, 2016 and 2015	4
	Unaudited Statements of Cash Flows for the Nine Months Ended July 31, 2015 and 2014 and for the period from commencement of development stage, July 13, 2012, to July 31, 2015	5
	Unaudited Statements of Cash Flows for the Three Months Ended January 31, 2016 and 2015	5
	Notes to Financial Statements (Unaudited)	6
Item 2:	Management’s Discussion and Analysis of Financial Condition and Results of Operations	1112
Item 3:	Quantitative and Qualitative Disclosures About Market Risk	13
Item 4:	Controls and Procedures	13
	PART II—OTHER INFORMATION
Item 2:	Unregistered Sales of Equity Securities and Use of Proceeds	1314
Item 5:	Other Events	1314
Item 6:	Exhibits	1314
	Signatures	1415

PART I—FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

INTERACTIVE MULTI-MEDIA AUCTION CORPORATION
(a development stage enterprise)
Balance Sheets
July 31, 2015 and October 31, 2014
January 31, 2016 and October 31, 2015
(United States Dollars)
	July 31,			October 31,
	January 31,			October 31,
	2015			2014
	2016			2015
	(unaudited)
Assets
Current assets:
Cash	$	-		$	-5,886
Total current assets	$	-		$	-5,886
Liabilities and Stockholders' Deficit
Current liabilities:
Accounts payable	$	49,~~566~~315		$	158,~~001~~433
Due to shareholders		7388,~~006~~519			3283,~~964~~876
Total current liabilities		7797,~~572~~834			4792,~~965~~309
Long-term liability
Loan payable		27,500			27,500
Total liabilities		~~105~~125,~~072~~334			75119,~~465~~809
Stockholders' Deficit
Capital stock:
$0.00025 par value, authorized 400,000,000 shares,
issued and outstanding 45,200,000 shares
(2014 - 45,200,000 shares)		11,300			11,300
(2015 - 45,200,000 shares)		11,300			11,300
Additional paid-in capital		497,425			497,425
Deficit accumulated during development stage		(613,797	)		(584,190	)
Accumulated deficit		(634,059	)		(622,648	)
Total stockholders' deficit		(~~105~~125,~~072~~334	)		(75113,~~465~~923	)
Total liabilities and stockholders' deficit	$	-		$	-5,886
See accompanying notes to financial statements

INTERACTIVE MULTI-MEDIA AUCTION CORPORATION
(a development stage enterprise)
Statements of Operations
Statement of Operations
For the three months ended January 31, 2016 and 2015
For the three and nine months ended July 31, 2015 and 2014
(United States Dollars)
and the period from Inception (July 13, 2012) to July 31, 2015
(unaudited)
(United States Dollars)
	2016			2015
(unaudited)
Revenue	$			$
	Three months ended July 31						Nine months ended July 31						Period from Inception of July 13, 2012 to July 31, 2015
Expenses:
	2015			2014			2015			2014
General and administrative		11,411			8,580
Revenue	$	-		$	-		$			$			$	-
Total operating expenses		11,411			8,580
Expenses:
Net Loss	$	(11,411	)	$	(8,580	)
General and administrative		6,417			3,954			29,606			25,210			168,796
Net loss per share	$	(0.00	)	$	(0.00	)
Marketing		-			-			-			-			445,000
Weighted average number of shares outstanding		45,200,000			45,200,000
Total operating expenses		6,417			3,954			29,606			25,210			613,796
See accompanying notes to financial statements
Net Loss	$	(6,417	)	$	(3,954	)	$	(29,606	)	$	(25,210	)	$	(613,796	)
Net loss per share	$	(0.00	)	$	(0.00	)	$	(0.00	)	$	(0.00	)
Weighted average number of shares outstanding		45,200,000			45,200,000			45,200,000			45,200,000
See accompanying notes to financial statements

INTERACTIVE MULTI-MEDIA AUCTION CORPORATION
(a development stage enterprise)
Statements of Cash Flows
Statement of Cash Flows
For the three months ended January 31, 2016 and 2015
For the nine months ended July 31, 2015 and 2014
(United States Dollars)
and the period from Inception (July 13, 2012) to July 31, 2015
(unaudited)
(United States Dollars)
	2016			2015
(unaudited)
Cash flows from operating activities:
	Nine months ended July 31						Period from Inception of July 13, 2012 to July 31, 2015
Net loss	$	(11,411	)	$	(8,580	)
	2015			2014
Adjustments to reconcile net loss to
Cash flows from operating activities:
net cash used in operating activities:
Net loss	$	(29,606	)	$	(25,210	)	$	(613,796	)
Changes in assets and liabilities
Adjustments to reconcile net loss to
Accounts payable		882			(9,395	)
net cash used in operating activities:
Net cash used in operating activities		(10,529	)		(17,975	)
Common stock issued for services received		-			-			487,500
Cash provided by financing activities:
Changes in assets and liabilities
Advances from shareholders		4,643			17,975
Accounts payable		(10,435	)		4,251			4,566
Net cash provided by financing activities		4,643			17,975
Net cash used in operating activities		(40,041	)		(20,959	)		(121,730	)
Change in cash		(5,886	)		-
Cash provided by financing activities:
Cash at beginning of the period		5,886			-
Proceeds from issuance of capital stock		-			-			21,225
Cash at end of the period	$	-		$	-
Advances from shareholders		40,041			20,959			73,005
Cash paid for:
Proceeds from loan payable		-			-			27,500
Interest paid	$	-		$	-
Net cash provided by financing activities		40,041			20,959			121,730
Income taxes	$	-		$	-
Change in cash		-			-			-
See accompanying notes to financial statements.
Cash at beginning of the period		-			-			-
Cash at end of the period	$	-		$	-		$	-
Cash paid for:
Interest paid	$	-		$	-		$	-
Income taxes	$	-		$	-		$	-
See accompanying notes to financial statements.

Interactive Multi-Media Auction Corporation

(a Development Stage Company)

July 31, 2015

NOTES TO FINANCIAL STATEMENTS

January 31, 2016

(unaudited)

Note 1. Description of Business and Summary of Significant Accounting Policies

Organization

Interactive Multi-Media Auction Corporation. (the “Company”) was incorporated under the laws of the British Virgin Islands on July 13, 2012. The Company is based in Hong Kong and in the business of an internet based marketer, auctioneer, dealer and broker of high quality and unique products and services for fine art, fashion, design and décor.

Development Stage

The Company is devoting substantially all of its efforts on establishing the business and principal operations have not commenced. All losses accumulated since inception of the development stage have been considered as part of the Company’s development stage activities.

Interim Period Financial Statements

The accompanying unaudited interim financial statements have been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”) for interim financial information and with the Securities and Exchange Commission’s instructions. Accordingly, they do not include all the information and footnotes required by GAAP for complete financial statements. The results of operations reflect interim adjustments, all of which are of a normal recurring nature and, in the opinion of management, are necessary for a fair presentation of the results for such interim period. The results reported in these interim financial statements should not be regarded as necessarily indicative of results that may be expected for the entire year. Certain information and note disclosure normally included in financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to the Securities and Exchange Commission’s rules and regulations. These unaudited interim financial statements should be read in conjunction with the audited financial statements for the year ended October 31, ~~2014~~2015, as filed with the Securities and Exchange Commission on February 1210, ~~2015~~2016.

Going Concern

The Company’s financial statements have been prepared in conformity with accounting principles generally accepted in the United States applicable to a going concern which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not generated any revenue since commencement of the development stage, has an accumulated deficit, and has had no positive cash flows from operations. It is the Company’s intention to raise additional equity to finance development of a market for its products until positive cash flows can be generated from its operations. However, there can be no assurance that such additional funds will be available to the Company when required or on terms acceptable to the Company. Such limitations could have a material adverse effect on the Company’s business, financial condition or operations, and these financial statements do not include any adjustment that could result. Failure to obtain sufficient additional funding would necessitate the Company to reduce or limit its operating activities or even discontinue operations.

Cash

Cash equivalents with maturity dates less than 90 days from the date of origination are considered to be cash equivalents for all financial reporting purposes. The Company currently has no cash equivalents of $nil as of January 31, 2016.

Fair Value Measurements

Fair value is defined as the exchange price that will be received for an asset or paid to transfer a liability (an exit price) in the principal. Valuation techniques used to measure fair value should maximize the use of observable inputs and minimize the use of unobservable inputs. To measure fair value, the Company uses the following fair value hierarchy based on three levels of inputs, of which the first two are considered to be observable and the third unobservable:

Level 1 – Quoted prices in active markets for identical assets or liabilities.

Level 2 – Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.

Level 3 – Unobservable inputs are supported by little or no market activity and are significant to the fair value of the assets or liabilities.

Revenue Recognition

The Company recognizes revenue when it is realized or realizable and earned. The Company considers revenue, which includes charges on a transactional and other basis, realized or realizable and earned when the following criteria are met: persuasive evidence of an arrangement exists, delivery has occurred or services have been rendered, price is fixed and determinable, and collectability is reasonably assured.

Advertising Expenses

Advertising costs are expensed as incurred. The Company did not incur any advertising costs during the three ~~and~~month ~~nine~~periods ~~months~~ ended ~~July~~January 31, ~~2015~~2016 and ~~2014~~2015.

Income Taxes

Deferred income tax assets and liabilities are determined based on temporary differences between financial reporting and tax bases of assets and liabilities, operating loss, and tax credit carryforwards, and are measured using the enacted income tax rates and laws that will be in effect when the differences are expected to be recovered or settled. Realization of certain deferred income tax assets is dependent upon generating sufficient taxable income in the appropriate jurisdiction. The Company records a valuation allowance to reduce deferred income tax assets to amounts that are more likely than not to be realized. The initial recording and any subsequent changes to valuation allowances are based on a number of factors (positive and negative evidence). The Company considers its actual historical results to have a stronger weight than other, more subjective, indicators when considering whether to establish or reduce a valuation allowance.

expected to be recovered or settled. Realization of certain deferred income tax assets is dependent upon generating sufficient taxable income in the appropriate jurisdiction. The Company records a valuation allowance to reduce deferred income tax assets to amounts that are more likely than not to be realized. The initial recording and any subsequent changes to valuation allowances are based on a number of factors (positive and negative evidence). The Company considers its actual historical results to have a stronger weight than other, more subjective, indicators when considering whether to establish or reduce a valuation allowance.

The Company continually evaluates its uncertain income tax positions and may record a liability for any unrecognized tax benefits resulting from uncertain income tax positions taken or expected to be taken in an income tax return. Estimated interest and penalties are recorded as a component of interest expense and other expense, respectively.

Because tax laws are complex and subject to different interpretations, significant judgment is required. As a result, the Company makes certain estimates and assumptions in: (1) calculating its income tax expense, deferred tax assets, and deferred tax liabilities; (2) determining any valuation allowance recorded against deferred tax assets; and (3) evaluating the amount of unrecognized tax benefits, as well as the interest and penalties related to such uncertain tax positions. The Company’s estimates and assumptions may differ significantly from tax benefits ultimately realized.

As the Company is incorporated in the British Virgin Islands and operates from Hong Kong it is subject to Hong Kong income taxes on income earned in Hong Kong.

Net Loss Per Share

Basic net loss per share is calculated by dividing the net loss attributable to common shareholders by the weighted average number of common shares outstanding in the period. Diluted loss per share takes into consideration common shares outstanding (computed under basic loss per share) and potentially dilutive securities. For the three ~~and~~month ~~nine~~periods ~~months~~ ended ~~July~~January 31, ~~2015~~2016 and ~~2014~~2015, there are no outstanding stock options and warrants. Common shares issuable are considered outstanding as of the original approval date for purposes of earnings per share computations.

Foreign Currencies

Assets and liabilities recorded in foreign currencies are translated at the exchange rate on the balance sheet date. Revenue and expenses are translated at average rates of exchange prevailing during the year. Translation adjustments resulting from this process are recorded to Other Comprehensive Income.

For the three ~~and~~month ~~nine~~periods ~~months~~ ended ~~July~~January 31, ~~2015~~2016 and ~~2014~~2015 the Company did not have material translation adjustments and accordingly, no statement of comprehensive income (loss) is included in the accompanying financial statements.

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the fiscal year. The Company bases its estimates on historical experience, current conditions and on other assumptions that it believes to be reasonable under the circumstances. Actual results could differ from those estimates and assumptions.

its estimates on historical experience, current conditions and on other assumptions that it believes to be reasonable under the circumstances. Actual results could differ from those estimates and assumptions.

Financial Instruments

The Company has the following financial instruments: accounts payable and loan payable. The carrying value of these financial instruments approximates their fair value due to their liquidity or their short-term nature.

Share Issuances for Services, Debt Instruments and Interest

The Company issues instruments to non-employees for the receipt of goods and services, and, in certain circumstances the settlement of short-term loan arrangements. The applicable GAAP establishes that share-based payment transactions with nonemployees shall be measured at the fair value of the consideration received or the fair value of the equity instruments issued, whichever is more reliably measurable.

In these transactions, the Company issues unregistered and restricted equity instruments. Additionally, the Company currently has no shares of freely-tradeable stock with a quoted market price (a Level 1input within the GAAP hierarchy).

When unregistered common shares are issued for the settlement of short-term financing arrangements (that are not initially convertible), the reacquisition price of the extinguished financing arrangement is determined by the value of the debt which is more clearly evident, and no additional inducement expense is recognized.

In situations in which the Company issues unregistered restricted common shares in exchange for goods and services, and the value of the goods and services are not the most reliably measurable, the Company recognizes the fair value of the unregistered restricted equity instruments based on the value of similar instruments issued in private placements in exchange for cash in the most recent transactions (a Level 2 input within the GAAP hierarchy). The Company has determined this methodology reflects the risk adjusted fair value of its unregistered restricted equity instruments using a commercially reasonable valuation technique.

Comprehensive Income (Loss)

Our company has no components of other comprehensive income (loss) and accordingly, no statement of comprehensive income (loss) is included in the accompanying financial statements.

Recent Accounting Pronouncements

In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update (“ASU”) 2014-09 – Revenue From Contracts with Customers, which will supersede nearly all existing revenue recognition guidance under U.S. GAAP. The ~~Company~~core ~~reviews~~principal ~~recently~~of ~~adopted~~this ~~and~~ASU ~~proposed~~is ~~accounting~~that ~~standards~~an onentity ashould ~~continual~~recognize ~~basis~~revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. ~~For~~This ASU also requires additional disclosure about the ~~nine~~nature, ~~months~~amount, ~~ended~~timing ~~July~~and 31uncertainty of revenue and cash flows arising from customer contracts, ~~2015~~including nosignificant ~~new~~judgments ~~pronouncements~~and ~~had~~changes ain ~~material~~judgments ~~impact~~and onassets ~~the~~recognized ~~Company’s~~from ~~financial~~costs ~~statements~~incurred to obtain or fulfill a contract.

In June 2014, the Financial Accounting Standards Board issued Accounting Standards Update No. 2014-10, which eliminated certain financial reporting requirements of companies previously identified as "Development Stage Entities" (Topic 915). The amendments in this ASU simplify accounting guidance by removing all incremental financial reporting requirements for development stage entities. The amendments also reduce data maintenance and, for those entities subject to audit, audit costs by eliminating the requirement for development stage entities to present inception-to-date information in the statements of income, cash flows, and shareholder equity. Early application of each of the amendments is permitted for any annual reporting period or interim period for which the entity's financial statements have not yet been issued (public business entities) or made available for issuance (other entities). Upon adoption, entities will no longer present or disclose any information required by Topic 915. The Company has adopted this standard.

The original effective date for ASU 2014-09 would have required the Company to adopt beginning in its first quarter 2017. In July 2015, the FASB voted to amend ASU 2014-09 by approving a one year deferral of the effective date as well as providing the option to early adopt the standard on the original effective date. Accordingly, the Company may adopt the standard in either its first quarter of 2017 or 2018. The new revenue standard may be applied retrospectively to each prior period presented or retrospectively with the cumulative effect recognized as of the date of adoption. The Company is currently evaluating the timing of its adoption and the impact of adopting the new revenue standard on its financial statements.

In April 2015, the FASB issued ASU2015-03, Imputation of Interest, requiring entities to present debt issuance costs related to a debt liability as a reduction of the carrying amount of the liability. In August 2015, the FASB issued ASU 2015-15 to provide additional guidance related to debt issuance costs related to line-of-credit arrangements. The guidance is effective for annual and interim periods beginning after December 15, 2015, and early adoption is permitted. The Company is evaluating the impact, if any, that the adoption of this guidance will have on the Company’s financial statements and related disclosures.

Note 2. Loan Payable

OnThe ~~July~~loan ~~31,~~of ~~2012~~$27, ~~modified in May 2013~~500, ~~the~~payable ~~Company~~to ~~entered into an agreement with Morpheus Financial Corporation,~~ a shareholder of the Company, ~~for a loan facility of $90,000 of which $27,500 was received. The loan~~ is unsecured, non-interest bearing and due on or before October 31, 2017.

Note 3. Related Party Transactions

During the ~~nine~~three months ended ~~July~~January 31, ~~2015~~2016 and ~~2014~~2015 stockholders of the Company advanced $404,~~041~~643 and $2017,~~959~~975, respectively. The balances owing as at ~~July~~January 31, ~~2015~~2016 of $7388,~~006~~519 is included in advances due to stockholders.

Note 4. Share Capital

The Company is authorized to issue 400,000,000 shares of capital stock, par value of $0.00025.

The shares can be divided into such classes and series as the directors may determine. As at ~~July~~January 31, ~~2015~~2016 the Company only has one class and series of shares.

On December 30, 2014, the Board of Directors approved the forward-split of the issued and outstanding common stock on the basis of four new shares for each share, effective upon the approval of the regulatory authorities. The Company’s common stock was forward-split effective as of February 3, 2015.

The application of the forward-split has been shown retroactively in these financial statements.

No shares of capital stock were issued during the ~~nine~~three-month ~~months~~period ended ~~July~~January 31, ~~2015~~2016.

For additional details of stock issuances prior to the ~~nine~~three months ended ~~July~~January 31, ~~2015~~2016 please see the Form 10-K for the fiscal year ended October 31, ~~2014~~2015 filed with the Securities Exchange Commission on February 1210, ~~2015~~2016.

10Note 5. Subsequent Event

Subsequent to January 31, 2016 a stockholder made an unsecured, non-interest bearing loan of $7,500 to the Company.

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS

OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The following discussion should be read in conjunction with the accompanying unaudited financial statements for the three ~~and nine~~ month periods ended ~~July~~January 31, ~~2015~~2016 and ~~2014~~2015, and ~~for the period from commencement of development stage, July 13, 2012, to July 31, 2015 and~~ our annual report on Form 10-K for the year ended October 31, ~~2014~~2015, including the financial statements and notes thereto.

Forward-Looking Information May Prove Inaccurate

This report contains statements about the future, sometimes referred to as “forward-looking” statements. Forward-looking statements are typically identified by the use of the words “believe,” “may,” “could,” “should,” “expect,” “anticipate,” “estimate,” “project,” “propose,” “plan,” “intend,” and similar words and expressions. Statements that describe our future strategic plans, goals, or objectives are also forward-looking statements.

Readers of this report are cautioned that any forward-looking statements, including those regarding our management’s current beliefs, expectations, anticipations, estimations, projections, proposals, plans, or intentions, are not guarantees of future performance or results of events and involve risks and uncertainties. The forward-looking information is based on present circumstances and on our predictions respecting events that have not occurred, that may not occur, or that may occur with different consequences from those now assumed or anticipated. Actual events or results may differ materially from those discussed in the forward-looking statements as a result of various factors. The forward-looking statements included in this report are made only as of the date of this report. We are not obligated to update such forward-looking statements to reflect subsequent events or circumstances.

Introduction

Our business is to be based on ~~the premise of~~ marketing and selling products using an on-line e-commerce platform which provides a live streaming auction production. ~~We have acquired a URL at www.interactive-auction.com and have contracted with an outside consultant to build our complete turnkey auction website.~~ In contrast to sites like Ebay or bid.com, which for the most part are driven by sales of items that, given their mass production, have become “commodities” that anyone can buy and access from an infinite amount of vendors and providers at extremely low prices, it is our goal to offer only unique and valued products and goods. We believe that there is significant interest for products and services of particular distinction; with great demand for items actually produced from all parts of the world. We believe that for reasons of geography, demography, or simply lack of marketing and advertising resources, many extraordinary products simply remain unnoticed by the mass market. Consequently, we plan to operate a ~~monthly~~ real-time auction internet streaming broadcast from various geographic locations around the world that will focus specifically on representing and promoting distinct and innovative goods produced by local manufacturers, purveyors, designers and creators. Viewers across the globe will be able to view the action on their computers, Ipads or mobile phones, and they will be able to participate by bidding on the items via telephone or the internet.

During the quarter ended ~~July~~January 31, ~~2015~~2016, we have ~~continued~~undertaken ~~to undertake~~ discussions with some of the premier internet streaming businesses in terms of establishing a formal working relationship with them at such time that we are ready to launch our initial broadcasts. As we have not entered into a material agreement with any streaming service provider, and there can be no assurance that we will, we cannot be certain of the overall additional capital requirements of adding this service to our website once operational. There are a number of third-party companies offering such streaming services however to date we have not been able to contract with any of them and, itthere is ~~our~~no ~~intent~~assurance ~~that~~ we will be able ~~finalize~~to ancontract ~~operational agreement~~ with ~~such~~any aone ~~streaming~~of ~~company by Q1 2016~~them.

In addition to the actual streaming functionality required to disseminate the auction broadcasts, we plan to establish and operate a user-friendly and functional e-commerce website in support of the live streaming international broadcasts.

1112

international broadcasts. Our basic website is now live and operational, and we will now work to integrate the e-commerce functionality we seek. At this stage we believe we have a reasonable period of time to get the website payment element included and to then furthermore plan for the integration of the third-party streaming platform that will then effectively facilitate our planned launch of our first streaming broadcast sometime during Q1 2016.

We plan to have our website totally complete, live and fully functional and operational to start the Q1 fiscal period 2016 during which time we intend it to be fully capable of effectively streaming video, and of being able to accept and transact e-commerce payments. We have determined to target a first launch live event in the latter part of fiscal Q1 2016, in San Jose, Mexico, following costing and geographic proximity assessments. The costs associated with a Mexico launch has been determined to be economically viable and strategic given there is already an existing venue available where the primary goods for that particular auction are located (i.e. an art gallery, for an art focused event). It is expected that the first launch event will cost itself $50,000 - $75,000 inclusive of necessary human resources, travel, accommodations, site costs, and an effective advertising and marketing campaign.

Results of Operations

Comparison of the Three ~~and Nine~~ Months Ended ~~July~~January 31, ~~2015~~2016

with the Three ~~and Nine~~ Months Ended ~~July~~January 31, ~~2014~~2015

We had no gross revenue for the three ~~and nine~~ month periods ended ~~July~~January 31, ~~2015~~2016 and ~~2014~~2015.

Our general and administrative expenses from continuing operations for the three ~~and nine~~ months ended ~~July~~January 31, ~~2015~~2016, were $611,~~417 and $29~~411,~~606,~~ ~~respectively,~~ as compared to $38,~~954~~580 ~~and $25,210~~ for the comparable three ~~and nine~~ -month ~~periods~~period ended ~~July~~January 31, ~~2014~~2015.

Overall, we have a net ~~losses~~loss of $611,~~417~~411 ~~and $29,606~~ for the ~~respective~~ three ~~and nine~~ months ended ~~July~~January 31, ~~2015~~2016, as compared to a net ~~losses~~loss of $38,~~954~~580 ~~and $25,210, respectively,~~ for the corresponding three ~~and nine~~ months of the preceding year.

Liquidity and Capital Resources

As of ~~July~~January 31, ~~2015~~2016, our current assets were $nil, as compared to $~~nil~~5,886 at October 31, ~~2014~~2015. As of ~~July~~January 31, ~~2015~~2016, our current liabilities were $7797,~~572~~834, as compared to $4792,~~965~~309 at October 31, ~~2014~~2015.

Operating activities used net cash of $4010,~~041~~529 for the ~~nine~~three months ended ~~July~~January 31, ~~2015~~2016, as compared to use of $2017,~~959~~975 for the ~~nine~~three months ended ~~July~~January 31, ~~2014~~2015.

Net cash of $404,~~041~~643 was provided by financing activities during the ~~nine~~three months ended ~~July~~January 31, ~~2015~~2016, as compared to $2017,~~959~~975 net cash provided during the comparable ~~nine~~three months ended ~~July~~January 31, ~~2014~~2015.

Our current balances of cash will not meet our working capital and capital expenditure needs for the whole of the current year. Because we are not currently generating sufficient cash to fund our operations, we will need to rely on external financing to meet future capital and operating requirements. Any projections of future cash needs and cash flows are subject to substantial uncertainty. Our capital requirements depend upon several factors, including the rate of market acceptance, our ability to get to production and generate revenues, our level of expenditures for production, marketing, and sales, purchases of equipment, and other factors. We can make no assurance that financing will be available in amounts or on terms acceptable to us, if at all. Further, if we issue equity securities, stockholders may experience additional dilution or the new equity securities may have rights, preferences, or privileges senior to those of existing holders of common stock, and debt financing, if available, may involve restrictive covenants that could restrict our operations or finances. If we cannot raise funds, when needed, on acceptable terms, we may not be able to continue our operations, grow market share, take advantage of future opportunities, or respond to competitive pressures or unanticipated requirements, all of which could negatively impact our business, operating results, and financial condition.

new equity securities may have rights, preferences, or privileges senior to those of existing holders of common stock, and debt financing, if available, may involve restrictive covenants that could restrict our operations or finances. If we cannot raise funds, when needed, on acceptable terms, we may not be able to continue our operations, grow market share, take advantage of future opportunities, or respond to competitive pressures or unanticipated requirements, all of which could negatively impact our business, operating results, and financial condition.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Not applicable.

ITEM 4. CONTROLS AND PROCEDURES

Disclosure controls are procedures that are designed with the objective of ensuring that information required to be disclosed in our reports filed under the Securities Exchange Act of 1934, such as this quarterly report, is recorded, processed, summarized, and reported within the time periods specified in the SEC’s rules and forms. Disclosure controls are also designed with the objective of ensuring that such information is accumulated and communicated to our management, including our principal executive officer and principal financial officers (our “Certifying Officers”) , as appropriate, to allow timely decisions regarding required disclosure. Our management evaluated, with the participation of our Certifying Officers, the effectiveness of our disclosure controls and procedures as of ~~July~~January 31, ~~2015~~2016, pursuant to Rule 13a-15(b) under the Exchange Act. Based upon that evaluation, our Certifying Officers concluded that, as of ~~July~~January 31, ~~2015~~2016, our disclosure controls and procedures were not effective.

There have been no changes in our internal control over financial reporting that occurred during the quarter ended July 31, 2015, that have materially affected or are reasonably likely to materially affect our internal control over financial reporting.13

There have been no changes in our internal control over financial reporting that occurred during the quarter ended January 31, 2016, that have materially affected or are reasonably likely to materially affect our internal control over financial reporting.

PART II—OTHER INFORMATION

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

Not applicable

ITEM 5. OTHER EVENTS

Not applicable

ITEM 6. EXHIBITS

The following exhibits are filed as a part of this report:

Exhibit Number*	Title of Document	Location

Item 31	Rule 13a-14(a)/15d-14(a) Certifications
31.01	Certification of Principal Executive Officer and Principal Financial Officer Pursuant to Rule 13a-14	Attached

Item 32	Section 1350 Certifications
32.01	Certification Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (Chief Executive Officer) and (Chief Financial Officer)	Attached

Item 101	Interactive Data File
101	Interactive Data File	Attached

_______________

*	All exhibits are numbered with the number preceding the decimal indicating the applicable SEC reference number in Item 601 and the number following the decimal indicating the sequence of the particular document.

1314

SIGNATURES

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

	Registrant
	INTERACTIVE MULTI-MEDIA AUCTION CORPORATION
Date: September 11, 2015	By:	/s/ JULIUSCESARLEGAYODEVERA/s/
Date: March 8, 2016	By:	/s/JULIUSCESARLEGAYODEVERA/s/
		Julius Cesar Legayo De Vera
		President, Chief Executive Officer, Chief Financial Officer, Treasurer and Director
		(Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer)

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