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 000-10822
Essential Innovations Technology Corp.
(Exact name of registrant as specified in its charter)
Nevada		88-0492134
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)
15/F, Radio City
505-511 Hennessy Road, Causeway Bay, Hong Kong
(Address of principal executive offices)		(Zip Code)
+852 2910-7828
(Registrant’s telephone number)
n/a
(Former name, former address and former fiscal year, if changed since last report)

Nevada	88-0492134
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)

15/F, Radio City
505-511 Hennessy Road, Causeway Bay, Hong Kong
(Address of principal executive offices)	(Zip Code)

+852 2910-7828
(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 916, ~~2015~~2016, the issuer had one class of common stock, with a par value of $0.001, of which 42,727,445 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
	Unaudited Balance Sheets as at January 31, 2016, and
	October 31, 2014	3
	October 31, 2015	3
	Unaudited Statements of Operations for the
	Three and Nine Months Ended July 31, 2015 and 2014
	Three Months Ended January 31, 2016 and 2015	4
	and for the period from commencement of development stage, November 1,
	2009, to July 31, 2015	4
	Unaudited Statements of Cash Flows for the
	Three and Nine Months Ended July 31, 2015 and 2014
	Three Months Ended January 31, 2016 and 2015	5
	and for the period from commencement of development stage, November 1,
	Notes to Financial Statements (Unaudited)	6
	2009, to July 31, 2015	5
	Notes to Financial Statements (Unaudited)	7
Item 2:	Management’s Discussion and Analysis of Financial Condition
	and Results of Operations	12
Item 3:	Quantitative and Qualitative Disclosures About Market Risk	14
Item 4:	Controls and Procedures	14
	PART II—OTHER INFORMATION
Item 2:	Unregistered Sales of Equity Securities and Use of Proceeds	14
Item 5:	Other Events	14
Item 6:	Exhibits	14
	Signatures	15

PART I—FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

ESSENTIAL INNOVATIONS TECHNOLOGY CORP
(a development stage enterprise)
Balance Sheets
July 31, 2015 and October 31, 2014
January 31, 2016 and October 31, 2015
	July 31,			October 31,
	January 31			October 31
	2015			2014
	2016			2015
Assets	(unaudited)
	(unaudited)
Assets
Current assets:
Cash	$	~~78,053~~72		$	~~134~~11,972
Total current assets		~~78,053~~72			~~134~~11,972
Total assets	$	78,053		$	134
Fixed assets, net		1,118			1,246
Total assets	$	1,190		$	13,218
Liabilities and Stockholders' Deficiency
Current liabilities:
Accounts payable	$	~~410~~418,~~182~~903		$	~~399~~417,~~850~~865
Accrued expenses		92104,500			9298,500
Accrued compensation		1960,~~559~~350			8927,~~486~~906
Amounts due to stockholders		~~220~~262,~~603~~412			74241,~~511~~216
Current portion of long term debt		491,299			491,299
Total current liabilities		1,~~234~~337,~~143~~464			1,~~147~~276,~~646~~786
Stockholders' Deficiency
Preferred stock:
$0.001 par value, authorized 10,000,000 shares,
issued and outstanding nil shares (2014 - nil)		-			-
issued and outstanding nil shares (2015 - nil)		-			-
Common stock:
$0.001 par value, authorized 500,000,000 shares,
issued and outstanding 42,727,445 shares (2014 - 23,452,445)		42,728			24,353
issued and outstanding 42,727,445 shares (2015 - 42,727,445)		42,728			42,728
Additional paid-in capital		3,323,915			3,~~208~~323,~~540~~915
Accumulated deficit		(1,849,309	)		(1,849,309	)
Deficit accumulated during development stage		(2,673,424	)		(2,531,096	)
Deficit accumulated		(2,853,608	)		(2,780,902	)
Total stockholders' deficiency		(1,~~156~~336,~~090~~274	)		(1,~~147~~263,~~512~~568	)
Total liabilities and stockholders' deficiency	$	781,~~053~~190		$	~~134~~13,218
See accompanying notes to financial statements

ESSENTIAL INNOVATIONS TECHNOLOGY CORP
(a development stage enterprise)
Statements of Operations
Statements of Operations
For the Three Months Ended January 31, 2016 and 2015
For the Three and Nine Months Ended July 31, 2015 and 2014 and for the period
(unaudited)
from commencement of development stage, November 1, 2009,
	2016			2015
to July 31, 2015
Revenue	$	-		$	-
(unaudited)
Expenses:
	Three Months Ended July 31						Nine Months Ended July 31						cumulative from commencement of development stage, November 1, 2009, to July 31, 2015
General and administrative		72,706			36,901
	2015			2014			2015			2014
Total operating expenses		72,706			36,901
Revenue	$	-		$	-		$	-		$	-		$	-
Loss from operations		(72,706	)		(36,901	)
Expenses:
Interest expense		-			(6,385	)
General and administrative		36,646			58,433			123,381			176,477			1,087,753
Net Loss	$	(72,706	)	$	(43,286	)
Marketing		-						-			-			1,280,838
Net loss per share
Impairment loss		-			-			-			-			260,068
Basic and diluted net loss per share	$	(0.00	)	$	(0.00	)
Total operating expenses		36,646			58,433			123,381			176,477			2,628,659
Weighted average number of shares outstanding
Loss from operations		(36,646	)		(58,433	)		(123,381	)		(176,477	)		(2,628,659	)
Basic and diluted		42,727,445			24,352,445
Interest expense		(6,385	)		(6,385	)		(18,947	)		(18,947	)		(147,058	)
See accompanying notes to financial statements
Gain on debt forgiveness		-			-			-			-			102,293
Net Loss	$	(43,031	)		(64,818	)	$	(142,328	)	$	(195,424	)	$	(2,673,424	)
Net loss per share
Basic and diluted net loss per share	$	(0.00	)	$	(0.00	)	$	(0.00	)	$	(0.01	)
Weighted average number of shares outstanding
Basic and diluted		42,727,445			24,049,184			31,921,126			23,653,544
See accompanying notes to financial statements

ESSENTIAL INNOVATIONS TECHNOLOGY CORP
(a development stage enterprise)
Statements of Cash Flows
Statements of Cash Flows
For the Three Months Ended January 31, 2016 and 2015
For the Nine Months Ended July 31, 2015 and 2014 and for the period
(unaudited)
from commencement of development stage, November 1, 2009,
	2016			2015
to July31, 2015
Cash flows from operating activities:
(unaudited)
Net loss	$	(72,706	)	$	(43,286	)
	Nine Months Ended July 31						cumulative from commencement of development stage, November 1, 2009, to July 31, 2015
Adjustments to reconcile net loss for the period to
	2015			2014
net cash used in operating activities:
Cash flows from operating activities:
Depreciation		128			-
Net loss	$	(142,328	)	$	(195,424	)	$	(2,673,424	)
Changes in assets and liabilities:
Adjustments to reconcile net loss for the period to
Accounts payable		1,038			(4,283	)
net cash used in operating activities:
Accrued expenses		6,000			-
Impairment loss		-			-			260,068
Accrued compensation		32,444			30,000
Common stock issued to related parties for services received		-			-			150,000
Net cash (used) in operating activities		(33,096	)		(17,569	)
Common stock issued for services received		-			-			1,355,300
Cash provided (used) by financing activities:
Options issued for services received		-			-			39,838
Advances from stockholders, net		21,196			58,007
Gain on forgiveness of debt		-			-			(102,293	)
Net cash provided by financing activities		21,196			58,007
Changes in assets and liabilities:
Increase (decrease) in cash during the period		(11,900	)		40,438
Accounts payable		10,332			28,266			50,652
Cash at beginning of the period		11,972			134
Accrued expenses		-			2,500			152,500
Cash at end of the period	$	72		$	40,572
Accrued compensation		(69,927	)		54,033			299,346
Cash paid for:
Net cash (used) in operating activities		(201,923	)		(110,625	)		(468,013	)
Income taxes	$	-		$	-
Cash provided (used) by financing activities:
Interest	$	-		$	-
Proceeds received for common stock		133,750			22,500			303,750
See accompanying notes to financial statements.
Advances from (repayments to) stockholders, net		146,092			5,799			242,316
Net cash provided (used by financing activities		279,842			28,299			546,066
Increase (decrease) in cash during the period		77,919			(82,326	)		78,053
Cash at beginning of the period		134			82,424			-
Cash (deficiency) at end of the period	$	78,053		$	98		$	78,053
See accompanying notes to financial statements.

ESSENTIAL INNOVATIONS TECHNOLOGY CORP
(a development stage enterprise)
Statements of Cash Flows (continued)
For the Nine Months Ended July 31, 2015 and 2014 and for the period
from commencement of development stage, November 1, 2009,
to July 31, 2015
(unaudited)
Supplementary Information:
	Nine Months Ended July 31				cumulative from commencement of development stage, November 1, 2009, to July 31, 2015
	2015		2014
Cash paid for:
Income taxes	$	-	$	-	$	-
Interest	$	-	$	-	$	-
Non-cash transactions:
Common stock issued for settlement of amounts owing	$	-	$	-	$	184,341
Common stock issued for settlement of accrued remuneration		-		-		1,055,925
Intellectual property acquired for common stock, options
and committment for future cash payments		-		-		260,068
Common stock issued for settlement of subscriptions received in prior periods		-		-		13,977
See accompanying notes to financial statements.

ESSENTIAL INNOVATIONS TECHNOLOGY CORP.

(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

The Company has secured exclusive distribution rights to represent equipment manufactured by one of China’s top HVAC (heating, ventilation and air conditioning) manufacturers, Mammoth China, for the countries of the Philippines and the United Arab Emirates. Such products and technologies represented include geothermal and water source heat pumps, commercial roof top units, fan coils and variable air volume systems. In addition, the Company is endeavoring to facilitate the establishment of an internationally recognized industry association (IGHSPA – the International Ground Source Heat Pump Association) in both of these countries to enhance certain product reputation and credibility.

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.

The Company re- entered the development stage effective November 1, 2009.

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 12, ~~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.

Basis of presentation

These financial statements have been prepared in accordance accounting principles generally accepted in the United States of America (“GAAP”) and pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”).

Advertising Expenses

Advertising costs are expensed as incurred. The Company did not incur any advertising costs during the three ~~and nine~~ 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.

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.

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 nine~~ months ended ~~July~~January 31, ~~2015~~2016 and ~~2014~~2015, outstanding stock options and warrants are antidilutive because of net losses, and as such, their effect has not been included in the calculation of diluted net loss per share. Common shares issuable are considered outstanding as of the original approval date for purposes of earnings per share computations.

Comprehensive Income (Loss)

The Company has no components of other comprehensive income (loss) 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.

Financial Instruments

The Company has the following financial instruments: cash, accounts payable, accrued expenses and compensation, and amounts due to stockholders. The carrying value of these financial instruments approximates their fair value due to their liquidity or their short-term nature.

Share-Based Compensation

The Company accounts for stock-based awards at fair value on date of grant and recognition of compensation over the service period for awards expected to vest. The fair value of stock options is determined using the Black-Scholes valuation model, which is consistent with the Company’s valuation techniques previously utilized for options in footnote disclosures.

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.

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 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.

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 has adopted this standard.

In February 2016, the FASB issued ASU2016-02, Leases (Topic 842), requiring entities to a right-of-use asset and a lease liability for virtually all of their leases. This standard is effective for annual and interim periods beginning after December 15, 2018, and early adoption is permitted. The Company is currently evaluating the timing of its adoption and the impact of adopting the new standard on its financial statements.

Note 2. Term Loan

The foreclosure of the Company’s operations and assets relating to the business of manufacture, sales and installation of geo exchange heat products and technology on March 27, 2009 were in satisfaction of $2,413,070 owing to a secured lender. The Company still owes $491,299 to a secured lender. By agreement, the secured lender has agreed that there will be no further interest, penalties or fees charged and that the Company has until October 31, ~~2015~~2016 to negotiate a settlement of this debt with the secured lender. The debt is secured by a charge over all the assets of the Company.

Note 3. Related-Party Transactions and Balances

During the ~~nine~~three months ended ~~July~~January 31, ~~2015~~2016 and ~~2014~~2015 stockholders of the Company advanced $~~146~~21,~~092~~196 and $5388,~~060~~022, respectively and were repaid $nil and $4730,~~256~~015, respectively. The balance owing as at ~~July~~January 31, ~~2015~~2016 of $~~220~~262,~~603~~412 is included in advances due to stockholders.

AnA ~~entity,~~shareholder ~~related by common ownership to two shareholders~~ of the Company, has provided consulting services in the amount of $~~nil~~6,000 and $~~22,500~~nil during the respective ~~nine~~three ~~month~~months ~~periods~~ ended ~~July~~January 31, ~~2015~~2016 and ~~2014~~2015. The balance owing as at ~~July~~January 31, ~~2015~~2016 of $92104,500 is included in accrued expenses.

Accrued Remuneration and Services

During the ~~nine~~three months ended ~~July~~January 31, ~~2015~~2016 and ~~2014~~2015 the Company’s president and sole director provided management services for which the amounts of $9045,000 and $9030,000 respectively have been accrued ~~and was repaid $159,927 and $35,967, respectively~~. The balance owing as at ~~July~~January 31, ~~2015~~2016 of $1960,~~559~~350 is included in accrued compensation.

Note 4. Share Capital

Preferred Stock

The Company’s authorized capital includes 10,000,000 shares of preferred stock of $0.001 par value. The designation of rights including voting powers, preferences, and restrictions shall be determined by the Board of Directors before the issuance of any shares.

No shares of preferred stock are issued and outstanding as of ~~July~~January 31, ~~2015~~2016.

Common Stock

The Company is authorized to issue 500,000,000 shares of common stock, par value of $0.001.

~~During~~No ~~the~~shares ~~nine~~of ~~months~~common ~~ended~~stock ~~July~~were ~~31,~~issued ~~2015~~during the ~~Company~~respective ~~issued:~~three months ending January 31, 2016.

●For Onadditional ~~March~~details 7,of ~~2015~~stock 2issuances prior to the three months ended January 31,~~000,000~~ ~~shares~~2016 ofplease ~~common~~see ~~stock~~the Form 10-K for ~~cash~~the infiscal year ended October 31, 2015 filed with the ~~amount~~Securities ofExchange ~~$20~~Commission on February 12,~~000~~ 2016.

● On March 19, 2015 6,375,000 shares of common stock for cash in the amount of $63,750

● On April 30, 2015 10,000,000 shares of common stock for cash in the amount of $50,000

For additional details of stock issuances prior to the nine months ended July 31, 2015 please see the Form 10-K for the fiscal year ended October 31, 2014 filed with the Securities Exchange Commission on February 12, 2015.

Stock Purchase Warrants

At ~~July~~January 31, ~~2015~~2016, the Company had reserved shares of common stock for the following outstanding warrants to purchase 66,494 shares of the Company’s common stock:

Number of warrants				Exercise Price				Expiry
	66,494			$	0.02				2050

No warrants were issued or exercised in the ~~nine~~three months ended ~~July~~January 31, ~~2015~~2016.

Note 5. Stock-Based Compensation

Although the Company does not have a formal stock option plan, it issues stock options to directors, employees, advisors and consultants. Stock options generally have a four- to five-year contractual term, vest immediately and have no forfeiture provisions. The fair value of each option granted is estimated at the date of grant using the Black-Scholes option pricing model.

A summary of the Company’s stock options as of ~~July~~January 31, ~~2015~~2016 is as follows:

	Number of Options		Weighted Average Exercise Price
Outstanding at October 31, 2014		550,000		0.30
Outstanding at October 31, 2015		500,000		0.25
Options lapsed		50,000		-
Options issued		-		-
Outstanding at July 31, 2015		500,000	$	0.25
Outstanding at January 31, 2016		500,000	$	0.25

The following table summarizes stock options outstanding at ~~July~~January 31, ~~2015~~2016:

Exercise Price				Number Outstanding at ~~July31~~January 31, ~~2015~~2016				Average Remaining Contractual Life (Years)				Number Exercisable at ~~July~~January 31, ~~2015~~2016				Intrinsic value
$	0.25				500,000				1.5000				500,000				-

As at ~~July~~January 31, ~~2015~~2016 500,000 shares of common stock were reserved for outstanding options. The Company’s policy is to issue new shares as settlement of options exercised. ~~There~~During ~~were~~the ~~50,000~~three ~~options~~months ~~that~~ended ~~lapsed~~January ~~and~~31, 2016 no options were issued and none were exercised ~~during~~or ~~the nine months ended July 31, 2015~~forfeited. The fair value of each option granted is estimated at the date of grant using the Black-Scholes option-pricing model The assumptions used in calculating the fair value of the options granted were: risk-free interest rate of 1.0%, a 2 year expected life, a dividend yield of 0.0%, and a stock price volatility factor of 100%.

Note 6. Commitments and Contingencies

Litigation

On November 14, 2007, the defendants in a lawsuit filed by a former subsidiary of the Company filed a counterclaim against the Company and several of its officers, alleging breach of contract, wrongful dismissal, defamation, abuse of process, and other claims. The Company believes that the counterclaims are without merit and intends to defend them vigorously as it continues to press its claims that the individual defendants breached their noncompetition agreements with the Company and its former subsidiary as well as their fiduciary obligations. The Company’s management has determined that no provision for loss is necessary as of January 31, 2016.

Note 7. Subsequent Event

On February 3, 2016 a shareholder advanced an unsecured, non-interest bearing loan of $12,500 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, and for the period from commencement of development stage, November 1, 2009, 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

We have secured ~~exclusive~~ distribution rights to represent equipment manufactured by one of China's top HVAC manufacturers, Mammoth China, for the countries of the Philippines, Dubai and the UAE. Such products and technologies represented include, geothermal and water source heat pumps, roof top units, fan coils and variable air volume systems.

We ~~have~~continue ~~continued~~ to initiate discussions with potential candidates for joint venture or partnership possibilities ~~during Q3 2015~~. In seeking relationships, we emphasize the possible public image benefits from using environmentally friendly technologies, as well as marketing and revenue benefits. In endeavoring to this extent we have engaged the efforts of third-party sources with strong industry, private and governmental contacts in various global markets to assist us to launch our commercialization and market entry strategies for the proprietary technologies with the goal of establishing multiple pilot project sites for the different technologies.

As it relates to the Mammoth product line during the quarter weQ1 ~~have~~2016 ~~had~~we contact and dialogue with various potential business relationships in the Philippines, India, Thailand, Dubai, and Mainland China has remained on-going.

~~During~~The ~~the~~Company ~~quarter~~believes ~~was~~these ~~have~~discussions ~~continued~~could ~~to:~~potentially result in formalized working relationships being announced sometime during the upcoming fiscal year.

• offer high quality competitively priced HVAC equipment primarily for commercial and institutional project applications;

• provide a comprehensive range of environmental project and design consultative services;

• by continuing with the on-going research and development of innovative and disruptive technology solutions

The Company believes these overall on-going negotiations could result in formalized working relationships being announced in Q1 of the upcoming fiscal year.

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 $3672,~~646~~706 ~~and $123,381, respectively,~~ as compared to $5836,~~433~~901 ~~and $176,477~~ for the comparable three ~~and nine~~ -month ~~periods~~period ended ~~July~~January 31, ~~2014~~2015. The ~~decrease~~increase for the three ~~and nine~~ -months is primarily due to aan ~~reduction~~increase in consulting, management services and ~~professional~~travel ~~services~~expenses.

Overall, we have a net loss of $4372,~~031~~706 ~~and $142,328,~~ for the ~~respective~~ three ~~and nine~~ months ended ~~July~~January 31, ~~2015~~2016, as compared to a net loss of $6443,~~818~~286 ~~and $195,424~~ in the corresponding three ~~and nine~~ -month ~~periods~~period of the preceding year.

Liquidity and Capital Resources

As of ~~July~~January 31, ~~2015~~2016, our current assets were $7872,~~053,~~ as compared to $~~134~~11,972 at October 31, ~~2014~~2015. As of ~~July~~January 31, ~~2015~~2016, our current liabilities were $1,~~234~~337,~~143~~464, as compared to $1,~~147~~276,~~646~~786 at October 31, ~~2014~~2015.

Operating activities used net cash of $~~201~~33,~~923~~096 for the ~~nine~~three months ended ~~July~~January 31, ~~2015~~2016, as compared to use of $~~110~~17,~~625~~569 for the ~~nine~~three months ended ~~July~~January 31, ~~2014~~2015.

~~Net~~During ~~cash~~the ~~increase~~three ofmonths ~~$279,842,~~ended ~~comprising~~January of31, ~~share~~2016 ~~subscriptions~~financing ofactivities ~~$133,750~~provided ~~and~~a ~~shareholder~~net ~~advances~~cash increase of $~~146~~21,~~092~~196, ~~was~~from ~~provided~~shareholder ~~by financing activities during the nine months ended July 31~~advances, ~~2015,~~ as compared to ~~$28,299~~a net cash increase, ~~comprising~~ of ~~share subscription of~~ $2258,~~500~~007, ~~and~~from ~~net~~ shareholder advances ~~of $5~~,~~799,~~ provided ~~by financing activities~~ 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.

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~~January 31, ~~2015~~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.

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
	ESSENTIAL INNOVATIONS TECHNOLOGY CORP.
	ESSENTIAL INNOVATIONS TECHNOLOGY CORP.
Date: March 16, 2016	By:	/s/ JASONMCDIARMID/s/
Date: September 11, 2015	By:	/s/ JASONMCDIARMID/s/
		President, Chief Executive Officer, Chief Financial Officer, Treasurer and Director
		Jason McDiarmid
		(Principal Executive Officer, Principal Financial Officer
		President, Chief Executive Officer, Chief Financial Officer, Treasurer and Director
		and Principal Accounting Officer)
		(Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer)

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