UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-K

[X] ANNUAL REPORT UNDER SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended December 31, ~~2018~~2019

[ ] TRANSITION REPORT UNDER SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from n/a

Commission file number: 333-90031

Northstar Electronics, Inc.

Name of small business issuer in its charter

Delaware		#33-0803434
State or other jurisdiction of incorporation or organization		IRS Employer Identification No.

2020 General Booth Blvd, Unit 230,

Virginia Beach, VA, USA 23451

Address of principal executive offices and Zip Code

Issuer’s telephone number (647-286-4594)

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(g) of the Act

None

Check whether the issuer is not required to file reports pursuant to Section 13 or 15(d) of the Exchange Act [ ]

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

Check if there is no disclosure of delinquent filers in response to Item 405 of Regulation S-B contained in this form, and no disclosure 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. [ X ]

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

Large accelerated Filer [ ]	Accelerated Filer [ ]
Non-accelerated filer [ ]	Smaller reporting Company [X]
(Do not check if a 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 Exchange Act). Yes [ ] No [X]

State issuer’s revenues for its most recent fiscal year: $0

State the aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was last sold, or the average bid and asked price of such common equity, as of the last business day of the registrant’s most recently completed ~~year~~second ~~end~~fiscal quarter: $~~473~~571,~~000~~590

State the number of shares outstanding of each of the issuer’s classes of common equity, as of the latest practicable date. Outstanding shares of common stock as of ~~March~~April 2824, ~~2019~~2020: 127,838,231

Documents incorporated by reference: None

Transitional Small Business Disclosure Format (Check one): Yes [ ] No [X]

~~INDEX~~TABLE OF CONTENTS

Risk Factors 1 PART I 1 Item 1. Description of Business 1 Item 2. Description of Properties 43 Item 3. Legal Proceedings 43 Item 4. Submission of Matters to a Vote of Security Holders 43 PART II 4 Item 5. Market for Registrant’s Common Equity and Related Stockholder Matters 4 Item 6. Management’s Discussion and Analysis or Plan of Operation 4 Item 7. Financial Statements 65 Item 8. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure 718 Item 8A. Controls and Procedures 718 PART III 820 Item 9. Directors, Executive Officers, Promoters and Control Persons 820 Item 10. Executive compensation 920 Item 11. Security Ownership of Certain Beneficial Owners and Management 920 Item 12. Certain Relationships and Related Transactions 920 Item 13. Exhibits and Reports on Form 8-K 920 Item 14. Principal Accountants Fees and Services 920 SIGNATURES 1122

Note Regarding Forward Looking Statements

Except for statements of historical fact, certain information contained herein constitutes ‘forward looking statements’. Forward looking statements address our current plans, intentions, beliefs and expectations and are statements of our expected future economic performance. Statements containing terms like ‘will’, ‘believes’, ‘does not believe’, ‘plans’, ‘expects’, ‘intends’, ‘estimates’, ‘anticipates’, ‘may’ and other phrases of similar meaning or the negative or other variations of these words or other comparable words or phrases are considered to imply uncertainty and are forward looking statements.

Such forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results or achievements of the Company to be materially different from any future results or achievements of the Company expressed or implied by such forward looking statements. Such factors include, but are not limited to changes in economic conditions, government regulations, contract requirements and abilities, behavior of existing and new competitor companies and other risks and uncertainties discussed in this annual Form 10-K report.

We cannot guarantee our future results, level of activity, performance or achievements. Neither I nor any other person assumes responsibility for the accuracy and completeness of these forward looking statements. We are under no duty to update any of the forward looking statements after the date of this report.

iii

Risk Factors

Investment in our common stock involves a high degree of risk. Prospective investors should carefully consider the following risk factors in addition to other information in this annual report before purchasing our common stock.

Because we have a net loss from operations of $~~257~~580,~~946~~344 for the year ended December 31, ~~2018~~2019 and have accumulated losses of $1314,~~785~~365,~~441~~785 from inception, we face a risk of insolvency and we remain dependent on equity and debt financing to help pay operating costs and to help cover operating losses. Business financing is being pursued but there is no financing in place at the time of this filing.

The Company had previously been dependent on contract manufacturing which did not deliver long term positive financial results, as had been expected. We are, at present, working to develop a business area in the aerospace sector. Our future is uncertain if we fail to develop this business area. Please also refer to our December 31, ~~2018~~2019 year end audited financial statements and notes thereto.

The auditor’s report for our December 31, ~~2018~~2019 consolidated financial statements includes an additional paragraph that identifies conditions which raise doubt about our ability to continue as a going concern. The audited financial statements do not include any adjustments that might result from the outcome of this uncertainty.

PART I

Item 1. Description of Business

The business of the Company is primarily that of a holding company with subsidiaries. The Company’s wholly owned subsidiary, National Five Holding Ltd, ~~holds~~held a 60 percent share interest (now increased to 95%) in Northstar Sealand Enterprises Ltd (“NSEL”). NSEL has been incorporated to pursue a manufacturing, marketing, sales and maintenance opportunity in the aviation industry and is in negotiations with a major aviation company.

Corporate History

The Company’s wholly owned subsidiary, Northstar Network Ltd., (NNL), had carried out defense, aerospace and homeland security contract manufacturing. NNL has been discontinued due to insufficient working capital, quality issues with suppliers and design changes made by the customer.

Our second wholly owned subsidiary, Northstar Technical Inc., (NTI), had been involved in underwater sonar sensors primarily related to the fishing industry. NTI has been discontinued due to several issues in the commercial fishing industry. The time taken for new technology developments using underwater communicating techniques was long. The timeframe for market introduction was also lengthy. Although NTI’s sonar system was initially a success in a ~~fast~~ changing industry, NTI could not keep up with the larger competitors’ products. The Company did not consummate the signing of a Letter of Intent to acquire a development stage company specializing in advanced sonar technologies and systems and was discontinued.

1Homeland Security and Military Defense:

The Company had expected that design and manufacture of homeland security and anti-terrorism systems would have grown rapidly as the United States Department of Homeland Security and ~~Military~~the ~~Defense:~~United States Navy had planned to ramp up efforts to protect ports, other onshore high value assets and ships. In partnership with a division of Lockheed Martin Corp, we responded to a Request for Quote by the USN and they gave us a high assessment rating. We sold several systems but the DHS took the USN’s budget meant to purchase our systems and used the funds for the war in Iraq. This also happened the following year and subsequently the USN cancelled the program.

~~The~~DESIGN ~~Company~~ENGINEERING ~~had~~AND ~~expected~~CONTRACT that design and manufacture of homeland security and anti-terrorism systems would have grown rapidly as the United States Department of Homeland Security and the United States Navy had planned to ramp up efforts to protect ports, other onshore high value assets and ships. In partnership with a division of Lockheed Martin Corp,, we responded to a Request for Quote by the USN and they gave us the highest assessment. We sold several systems but the DHS took the USN’s budget meant to purchase our systems and use the funds for the war in Iraq. This also happened the following year and subsequently the USN cancelled the program.MANUFACTURING

~~DESIGN~~The ~~ENGINEERING~~Company ~~AND~~has ~~CONTRACT~~considerable ~~MANUFACTURING~~experience in contract manufacturing and has produced electronic and mechanical systems under contract to defense and aerospace companies. Products were built according to designs provided by our customers for whom the Company provided production engineering, contract manufacturing of components, sourcing and procurement of parts, assembly of full systems, testing and shipping.

The Company has considerable experience in contract manufacturing and has produced electronic and mechanical systems under contract to defense and aerospace companies. Products were built according to designs provided by our customers for whom the Company provided production engineering, contract manufacturing of components, sourcing and procurement of parts, assembly of full systems, testing and shipping. 1

For several customers, Northstar was carrying out electronic and mechanical design work.

The Company’s former customers included Lockheed Martin MS2, Lockheed Martin Canada, Lockheed Martin Aeronautics and L-3.

NEW DIRECTION

The Company ~~expended~~continued to expend considerable efforts during the past year in developing operational knowledge of a particular industrial single engine Turbo Prop airplane., conducting research into Supply Chain Management Systems applicable to this project, carrying out market research in different geographical areas, in conducting research into the most efficient procedures to obtain the Type Certificate for the airplane and in developing the most cost effective ways to carry out production of the airplane. as well as strategies to acquire systems and technologies.

We ~~are~~continue ~~now~~with ~~moving~~the inintention ~~a new direction whereby we intend~~ to build our own systems in the civilian aviation sector. We believe that this affords improved control over the business outcomes compared to the contract manufacturing business.

The Company is working to obtain worldwide rights to a single engine Turbo Prop airplane with industrial applications. If successful, we intend to manufacture and market the airplane internationally and provide Maintenance, Repair and Overhaul (MRO) services in close proximity to customers. The Company’s wholly owned subsidiary, National Five Holding Ltd, is a 6095% shareholder of Northstar Sealand Enterprises Ltd (NSEL). NSEL, has experience in working on certified commercial aircraft and government military contracts, and has access to an established aircraft assembly and parts manufacturing facility.

Airplane Applications

The airplanes ~~are~~will be designed to carry out Rapid Response Forest Fire Fighting and Agriculture Crop Dusting. We are looking into other applications including Cloud Seeding.

2Marketing

~~Marketing~~NSEL has started market assessments in international markets where there appears to be volume sales potential for the single engine airplane. We have also begun to explore potential marketing partnerships with other aviation companies. Projections made by NSEL show a potential growth in demand for suitable single engine aircraft, subject to economic factors. Preliminary plans have been started on methods to achieve market presence, including direct sales, magazine ads, web site, and participation in trade shows. Our efforts have been somewhat curtailed by a lack of financing.

~~NSEL~~Technology has started market assessments in several large international markets where there appears to be volume sales potential for the single engine airplane. They have also begun to explore potential marketing partnerships with other aviation companies. Projections made by NSEL show a potential growth in demand for suitable single engine aircraft, subject to economic factors. Preliminary plans have been started on methods to achieve market presence, including direct sales, magazine ads, web site, and participation in trade shows. Protection

~~Technology~~The ~~Protection~~Company currently owns no proprietary technology requiring protection with respect to its activities. It intends to acquire proprietary technology and, if successful, intends to put appropriate protection measures in place.

~~The~~Need ~~Company~~for ~~currently~~Government owns no proprietary technology requiring protection with respect to its activities. It intends to acquire proprietary technology and, if successful, intends to put appropriate protection measures in place.Approvals

~~Need~~If ~~for~~the ~~Government~~Company ~~Approvals~~is successful in acquiring the rights to the aforementioned single engine airplane, there will be required government approvals applicable to our expected future activities.

IfThe ~~the~~approvals ~~Company~~would islikely ~~successful~~be infor ~~acquiring~~an ~~the~~in-country ~~rights~~Type toCertificate ~~the~~and ~~aforementioned~~other ~~single engine airplane~~certificates, ~~there~~as ~~will be~~ required, ~~government~~in ~~approvals~~other ~~applicable~~countries towhere ~~our~~the ~~expected~~airplane ~~future~~would ~~activities~~be marketed.

~~The~~Effect ~~approvals~~of ~~would~~Existing ~~likely~~or beProbable ~~for~~Government ~~an in-country Type Certificate and other certificates, as required, in other countries where the airplane would be marketed.~~Regulations

~~Effect~~If successful with the acquisition of ~~Existing~~the orrights ~~Probable~~to ~~Government~~the ~~Regulations~~single engine airplane, the Company intends to abide by the applicable regulations in each country where it intends to carry out marketing and sales. The costs of meeting the regulatory requirements can be high and the Company will do its best efforts to procure the funds required.

IfCosts ~~successful with the acquisition of the rights to the single engine airplane, the Company intends to abide by the applicable regulations in each country where it intends to carry out marketing~~ and ~~sales.~~Effects ~~The costs~~ of ~~meeting~~Compliance ~~the~~with ~~regulatory~~Environmental ~~requirements can be high and the Company will do its best efforts to procure the funds required.~~Laws

~~Costs~~The ~~and~~Company ~~Effects~~incurred ofno ~~Compliance~~costs or adverse effects in its compliance with ~~Environmental~~any ~~Laws~~environmental laws.

~~The Company incurred no costs or adverse effects in its compliance with any environmental laws.~~2

PRODUCTION

The Company has experience in carrying out work requiring multiple subcontractors to perform specialized tasks. The ability to integrate the work of multiple components to create a complete system will be NSEL’s main area of business - system integration.

EMPLOYEES

As of December 31, ~~2018~~2019 the Company has a team of experienced consultants who provide administration, marketing and engineering services to the Company.

PUBLIC INFORMATION

The Company electronically files with the Securities and Exchange Commission (SEC) all its reports, including but not limited to its annual and quarterly reports. The SEC maintains an internet site (http://www.sec.gov) that contains reports and other information regarding issuers that do file electronically. The Company maintains a web site address at www.northstarelectronics.com

3Item 2. Description of Properties

~~Item~~The 2.Company ~~Description~~maintains ofan ~~Properties~~office at:

~~The~~1000-355 ~~Company~~Burrard ~~maintains~~St., anVancouver ~~office~~BC ~~at:~~Canada V6C 2G8

~~1000-355~~Item ~~Burrard St~~3., ~~Vancouver~~Legal ~~BC Canada V6C 2G8~~Proceedings

~~Item~~There 3.are ~~Legal~~no ~~Proceedings~~known undisclosed legal filings registered or contemplated against the Company.

~~There~~The ~~are~~Company nois ~~known~~liable ~~undisclosed~~to repay CAD$3,100,221 in assistance received from the Atlantic Canada Opportunity Agency (ACOA) by the Company’s two former subsidiaries, Northstar Technical Inc. (NTI) and Northstar Network Ltd. (NNL). The Company, for reasons of expediency, became a cosigner of the agreements the subsidiaries had with ACOA. Subsequently, ACOA claimed that NTI and NNL were delinquent in their payments and, eventually, in early 2013 ACOA launched legal ~~filings~~action ~~registered~~in orNewfoundland ~~contemplated~~where ~~against~~the two subsidiaries had operated. The Company was not in a financial position at the time to launch a defense and ACOA received a judgment unopposed. The Company intends to approach ACOA with an offer of settlement within the foreseeable future.

~~The~~Item ~~Company is liable to repay CAD$3,079,475 in assistance received from the Atlantic Canada Opportunity Agency (ACOA) by the Company’s two subsidiaries, Northstar Technical Inc~~4. ~~(NTI)~~Submission ~~and Northstar Network Ltd. (NNL). The Company, for reasons~~ of ~~expediency,~~Matters became a cosigner of the agreements the subsidiaries had with ACOA. Subsequently, ACOA claimed that NTI and NNL were delinquent in their payments and, eventually, in early 2013 ACOA launched legal action in Newfoundland where the two subsidiaries had operated. The Company was not in a financial position at the time to ~~launch~~ a ~~defense~~Vote ~~and ACOA received a judgment unopposed. The Company intends to approach ACOA with an offer~~ of ~~settlement~~Security ~~within the next several months.~~Holders

~~Item~~There 4have been no changes since the previous filing. ~~Submission~~The ofCompany ~~Matters~~has tofiled awith ~~Vote~~the ofSEC ~~Security~~an ~~Holders~~SB-1 registration statement April 2000, an S-8 registration November 2000 and quarterly reports (form 10QSB) for June and September 2000 and for March, June and September 2001, 2002, 2003, 2004, 2005, 2006 and 2007, form 10Q’s for March, June and September 2008, 2009, 2010, 2011, 2012 - 2014, 2015, 2016, 2017 and 2018 and annual reports (form 10KSB) for December 31, 2000, 2001, 2002, 2003, 2004, 2005, 2006, 2007 and form 10K for 2008, 2009, 2010, 2011 and the years 2012 thru 2014 and for 2015, 2016, 2017 and 2018.

There have been no changes since the previous filing. The Company has filed with the SEC an SB-1 registration statement April 2000, an S-8 registration November 2000 and quarterly reports (form 10QSB) for June and September 2000 and for March, June and September 2001, 2002, 2003, 2004, 2005, 2006 and 2007, form 10Q’s for March, June and September 2008, 2009, 2010, 2011, 2012 - 2014, 2015, 2016, 2017 and 2018 and annual reports (form 10KSB) for December 31, 2000, 2001, 2002, 2003, 2004, 2005, 2006, 2007 and form 10K for 2008, 2009, 2010, 2011 and the years 2012 thru 2014 and for 2015, 2016 and 2017. 3

PART II

Item 5. Market for Registrant’s Common Equity and Related Stockholder Matters

No change since previous filing.

Item 6. Management’s Discussion and Analysis or Plan of Operation

Certain statements in this report and elsewhere (such as in other filings by the Company with the Securities and Exchange Commission ("SEC"), press releases, presentations by the Company of its management and oral statements) may constitute "forward-looking statements". Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," and "should," and variations of these words and similar expressions, are intended to identify these forward-looking statements. Actual results may materially differ from any forward-looking statements. Factors that might cause or contribute to such differences include, among others, competitive pressures and constantly changing technology and market acceptance of the Company's products and services. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements, which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

4The following discussion, comparison and analysis should be read in conjunction with the Company’s accompanying audited consolidated financial statements for the years ended December 31, 2019 and 2018 and the notes related thereto. The discussion of results, causes and trends should not be construed to infer conclusions that such results, causes or trends necessarily will continue in the future.

The following discussion, comparison and analysis should be read in conjunction with the Company’s accompanying audited consolidated financial statements for the years ended December 31, 2018 and 2017 and the notes related thereto. The discussion of results, causes and trends should not be construed to infer conclusions that such results, causes or trends necessarily will continue in the future.DISCUSSION

~~DISCUSSION~~The following table sets forth for the years indicated items included in the Company’s consolidated statement of operations:

The following table sets forth for the years indicated items included in the Company’s consolidated statement of operations:

	2019		2018

Total revenue	$	-	$	-

Cost of goods sold		-		-

Gross margin		-		-

Expenses		580,344		257,946

Net income (loss)	$	(580,344)	$	(257,946)
Net income (loss) per share	$	(0.00)	$	(0.00)

	2018		2017
Total revenue	$	-	$	-
Cost of goods sold		-		-
Gross margin		-		-
Expenses		257,946		639,125
Net income (loss)	$	(257,946)	$	(639,125)
Net income (loss) per share	$	(0.00)	$	(0.01)

During the years ended December 31, 2019 and 2018, the Company continued its recovery from the loss of its contracts, continued to improve its internal systems and continued working toward attaining suitable new contracts.

~~During~~A ~~the~~shortage ~~years~~of ~~ended~~working ~~December~~capital ~~31,~~in ~~2018~~support ~~and~~of ~~2017,~~operations ~~the~~has ~~Company~~been ~~continued~~an ~~its~~issue ~~recovery~~as ~~from~~ the ~~loss~~Company oftook ~~its~~measures ~~contracts,~~to ~~continued~~provide tothat ~~improve~~support. ~~its~~Sufficient ~~internal~~capital ~~systems~~was not raised and ~~continued~~consequent ~~working~~business ~~toward~~operations ~~attaining~~were ~~suitable~~kept ~~new~~at ~~contracts~~a minimum.

AThe ~~shortage~~Company ofexperienced ~~working~~operating ~~capital~~losses ~~in support~~ of ~~operations~~$580,344 ~~has~~for ~~been~~2019, anand ~~issue~~$257,946 asfor ~~the~~2018 ~~Company~~while ~~took~~maintaining ~~measures~~an tooffice ~~provide that support. Sufficient capital was not raised~~ and ~~consequent~~continuing ~~business~~to ~~operations~~pursue ~~were~~its ~~kept~~single atengine aaircraft ~~minimum~~opportunity.

~~The~~Discontinued ~~Company~~NETMIND ~~experienced~~operations: ~~operating~~the ~~losses~~Company ofwas ~~$257,946~~unable ~~for~~to ~~2018,~~finance ~~and~~its ~~$639,125~~operations ~~for~~and ~~2017~~could ~~while~~not ~~maintaining~~attract anpersonnel ~~office~~to manufacture and ~~continuing~~market ~~its~~the ~~search~~NETMIND ~~for its next opportunity~~product.

~~Discontinued NETMIND operations: the Company was unable to finance its operations and could not attract personnel to manufacture and market the NETMIND product.~~4

Defense Sonar Development Contract Opportunity

Discontinued

Contract Manufacturing and System Integration

Although the Company remains open to carrying out work in contract manufacturing and system integration, we are not actively pursuing contracts at this time in those areas.

Results of Operations

Nil revenue was generated in the years ~~2018~~2019 and ~~2017~~2018 resulting in negligible cash flow. The Company generated $0 in contract and $0 sales revenues during ~~this~~these ~~period~~years.

5During 2019 the Company incurred costs of $39,983 ($137,435 during 2018) on market assessments, type certificate matters, supply chain management planning, quality control, first assembly plans, follow-on production plans, and maintenance, repair and overall planning related to the acquisition of the worldwide rights to the single engine industrial Turbo Prop airplane.

~~During~~Liquidity 2018 the Company incurred costs of $137,435 ($67,280 during 2017) on market assessments, type certificate matters, supply chain management planning, quality control, first assembly plans, follow-on production plans, and ~~maintenance,~~Capital ~~repair and overall planning related to the acquisition of the worldwide rights to the single engine industrial Turbo Prop airplane.~~Resources

~~Liquidity~~The Company used cash in operations of $(130,570) in 2019 compared to cash used by operations of $(127,672) in 2018 and ~~Capital~~$(47,140) ~~Resources~~in 2017.

~~The~~In ~~Company~~2019 ~~used~~the ~~cash~~Company inraised ~~operations~~equity financing of $~~(127,672)~~nil. inIn 2018 ~~compared~~the toCompany ~~cash~~raised ~~used~~equity byfinancing ~~operations~~ of $~~(47~~282,~~140) in 2017 and $(65,189) in 2016~~065.

InThe ~~2018~~Company’s working capital and capital requirements will depend on many factors, including the ability of the Company ~~raised~~to ~~equity~~obtain ~~financing~~aircraft sales in order to generate sufficient funds to cover the current level of ~~$282,065~~operating expenses. InDuring ~~2017~~the most recent fiscal year (2019) the Company ~~raised~~increased ~~equity~~its ~~financing~~current ofdebt by $57449,~~500~~774 (2018 increased by $128,899). The Company is attempting to negotiate a secure equity financing in the short term.

The Company’s ~~working~~is ~~capital~~liable ~~and~~to ~~capital~~repay ~~requirements~~CAD$3,100,221 ~~will~~in ~~depend~~assistance onreceived ~~many~~from ~~factors,~~the ~~including~~Atlantic ~~the~~Canada ~~ability~~Opportunity ofAgency (ACOA) by the Company’s totwo ~~obtain~~former ~~aircraft~~subsidiaries, ~~sales~~Northstar inTechnical ~~order~~Inc. to(NTI) ~~generate~~and ~~sufficient~~Northstar ~~funds~~Network toLtd. ~~cover~~(NNL). ~~the~~The ~~current~~Company, ~~level~~for reasons of ~~operating~~expediency, ~~expenses.~~became ~~During~~a cosigner of the ~~most~~agreements ~~recent~~the ~~fiscal~~subsidiaries ~~year~~had ~~(2018)~~with ~~the~~ACOA. ~~Company~~Subsequently, ~~increased~~ACOA ~~its~~claimed ~~current~~that ~~debt~~NTI byand ~~$128,899~~NNL ~~(2017~~were ~~increased~~delinquent byin ~~$539~~their payments and,~~260)~~ eventually, in early 2013 ACOA launched legal action in Newfoundland where the two subsidiaries had operated. The Company iswas ~~attempting~~not in a financial position at the time to ~~negotiate~~launch a ~~secure~~defense ~~equity~~and ~~financing~~ACOA inreceived ~~the~~a ~~short~~judgment ~~term~~unopposed. The Company intends to approach ACOA with a reasonable offer of settlement.

The ~~Company~~availability isof ~~liable~~sufficient tofuture ~~repay~~funds ~~CAD$3,079,475~~will independ ~~assistance~~to ~~received~~an ~~from~~extent ~~the~~on ~~Atlantic Canada Opportunity Agency (ACOA) by~~ the ~~Company’s~~timing ~~two former subsidiaries, Northstar Technical Inc. (NTI) and Northstar Network Ltd. (NNL). The Company, for reasons~~ of ~~expediency,~~the ~~became~~expected aacquisition ~~cosigner~~ of the ~~agreements~~rights to the ~~subsidiaries~~single ~~had~~engine ~~with~~Turbo ~~ACOA~~Prop airplane. ~~Subsequently~~Accordingly, ~~ACOA~~the ~~claimed~~Company ~~that~~will ~~NTI~~be ~~and~~required ~~NNL~~to ~~were~~issue ~~delinquent~~securities into ~~their~~finance ~~payments~~start-up and, ~~eventually,~~working incapital ~~early~~requirements ~~2013~~for ~~ACOA~~the ~~launched~~expected ~~legal~~new ~~action~~aviation inbusiness ~~Newfoundland~~and ~~where~~ongoing ~~the~~general ~~two~~business ~~subsidiaries had operated~~expansion. ~~The~~There ~~Company~~can ~~was~~be ~~not~~no inassurance awhether ~~financial~~or ~~position~~not atsuch ~~the~~future ~~time~~financings towill ~~launch~~be aavailable ~~defense~~or ~~and~~on ~~ACOA~~satisfactory ~~received a judgment unopposed~~terms. ~~The Company intends to approach ACOA with an offer of settlement within the next several months.~~

~~The~~Item ~~availability of sufficient future funds will depend to an extent on the timing of the expected acquisition of the rights to the single engine Turbo Prop airplane~~7. ~~Accordingly,~~Financial the Company will be required to issue securities to finance start-up and working capital requirements for the expected new aviation business and ongoing general business expansion. There can be no assurance whether or not such future financings will be available or on satisfactory terms.Statements

~~Item~~NORTHSTAR 7.ELECTRONICS, ~~Financial Statements~~INC.

~~NORTHSTAR~~Index ~~ELECTRONICS~~to Consolidated Financial Statements December 31, ~~INC~~2019 and 2018 (U.S. Dollars)

~~Index~~Report toof ~~Consolidated~~Independent ~~Financial~~Registered ~~Statements~~Public ~~December~~Accounting ~~31, 2018 and 2017 (U.S. Dollars)~~Firm

~~Report~~Consolidated ofBalance ~~Independent Registered Public Accounting Firm~~Sheets

Consolidated ~~Balance~~Statements ~~Sheets~~of Operations and Comprehensive Loss

Consolidated Statements of ~~Operations~~Changes ~~and~~in ~~Comprehensive~~Stockholders’ ~~Loss~~Deficit

Consolidated Statements of ~~Changes~~Cash ~~in Stockholders’ Deficit~~Flows

~~Consolidated~~Notes ~~Statements~~to ofConsolidated ~~Cash~~Financial ~~Flows~~Statements

~~Notes to Consolidated Financial Statements~~5

6Report of Independent Registered Public Accounting Firm

~~Report~~To the shareholders and the board of ~~Independent~~directors ~~Registered~~of ~~Public~~Northstar ~~Accounting~~Electronics, ~~Firm~~ Inc.

ToOpinion ~~the~~on ~~shareholders and~~ the ~~board~~Consolidated ofFinancial ~~directors of Northstar Electronics, Inc.~~Statements

~~Opinion~~We onhave audited the ~~Consolidated~~accompanying ~~Financial~~consolidated ~~Statements~~balance sheets of Northstar Electronics, Inc. (the "Company") as of December 31, 2019 and 2018, the related consolidated statements of operations and comprehensive loss, changes in stockholders' deficit and cash flows, for the years then ended, and the related notes and schedules (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2019 and 2018, and the results of its operations and its cash flows for the years then ended, in conformity with accounting principles generally accepted in the United States of America.

WeGoing have audited the accompanying consolidated balance sheets of Northstar Electronics, Inc. (the "Company") as of December 31, 2018 and 2017, the related consolidated statements of operations and comprehensive loss, changes in stockholders' deficit and cash flows, for the years then ended, and the related notes and schedules (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2018 and 2017, and the results of its operations and its cash flows for the years then ended, in conformity with accounting principles generally accepted in the United States of America.Concern

~~Going~~The ~~Concern~~accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 1 to the financial statements, the Company has not generated revenues since inception, has incurred losses in developing its business, and further losses are anticipated. The Company requires additional funds to meet its obligations and the costs of its operations. These factors raise substantial doubt about the Company’s ability to continue as a going concern. Management’s plans in this regard are described in Note 1. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

~~The~~Basis ~~accompanying~~for financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 1 to the financial statements, the Company has not generated revenues since inception, has incurred losses in developing its business, and further losses are anticipated. The Company requires additional funds to meet its obligations and the costs of its operations. These factors raise substantial doubt about the Company’s ability to continue as a going concern. Management’s plans in this regard are described in Note 1. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.Opinion

~~Basis~~These ~~for~~financial ~~Opinion~~statements are the responsibility of the Company's management. Our responsibility is to express an opinion on the Company's financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) ("PCAOB") and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

~~These~~We ~~financial~~conducted ~~statements~~our ~~are~~audits in accordance with the ~~responsibility~~standards of the ~~Company's management~~PCAOB. ~~Our~~Those ~~responsibility~~standards isrequire tothat ~~express~~we anplan ~~opinion~~and onperform the ~~Company's~~audit ~~financial~~to ~~statements~~obtain ~~based~~reasonable onassurance ~~our~~about ~~audits.~~whether Wethe financial statements are afree ~~public~~of ~~accounting~~material ~~firm~~misstatement, ~~registered~~whether ~~with~~due ~~the~~to ~~Public~~error or fraud. The Company ~~Accounting~~is ~~Oversight~~not ~~Board~~required ~~(United~~to ~~States)~~have, ~~("PCAOB")~~nor ~~and~~were ~~are~~we ~~required~~engaged to beperform, ~~independent~~an ~~with~~audit ~~respect~~of toits ~~the~~internal ~~Company~~control over financial reporting in accordance with the Ustandards of the PCAOB.S. ~~federal~~As ~~securities~~part ~~laws~~of ~~and~~our audits we are required to obtain an understanding of internal control over financial reporting but not for the ~~applicable~~purpose ~~rules~~of ~~and~~expressing ~~regulations~~an opinion on the effectiveness of the ~~Securities~~Company's ~~and~~internal ~~Exchange~~control ~~Commission~~over ~~and~~financial reporting. Accordingly, we express no such opinion in accordance with the standards of the PCAOB.

WeOur ~~conducted~~audits ~~our~~included ~~audits~~performing inprocedures ~~accordance~~to ~~with~~assess the ~~standards~~risks of ~~the~~material ~~PCAOB.~~misstatement ~~Those~~of ~~standards require that we plan and perform~~ the ~~audit to obtain reasonable assurance about whether the~~ financial statements ~~are free of material misstatement~~, whether due to error or fraud., ~~The~~and ~~Company~~performing isprocedures ~~not~~that ~~required~~respond to ~~have,~~those ~~nor~~risks. ~~were~~Such weprocedures ~~engaged~~included ~~to perform~~examining, anon ~~audit~~a oftest ~~its~~basis, ~~internal~~evidence ~~control~~regarding ~~over~~the ~~financial~~amounts ~~reporting~~and disclosures in ~~accordance with~~ the ~~standards~~financial ~~of the PCAOB~~statements. AsOur ~~part of our~~ audits wealso ~~are~~included ~~required~~evaluating tothe ~~obtain~~accounting anprinciples ~~understanding~~used ofand ~~internal~~significant ~~control~~estimates ~~over~~made ~~financial~~by ~~reporting~~management, ~~but~~as ~~not~~well ~~for~~as ~~the~~evaluating ~~purpose of expressing an opinion on~~ the ~~effectiveness~~overall presentation of the ~~Company's internal control over~~ financial ~~reporting~~statements. ~~Accordingly,~~We webelieve ~~express~~that noour ~~such~~audits ~~opinion~~provide ina ~~accordance~~reasonable ~~with~~basis ~~the~~for ~~standards~~our ~~of the PCAOB~~opinion.

~~Our~~/s/ ~~audits~~DALE ~~included~~MATHESON ~~performing~~CARR-HILTON ~~procedures~~LABONTE to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.LLP

~~/s/~~ DALE MATHESON CARR-HILTON LABONTE LLP

~~DALE~~CHARTERED ~~MATHESON~~PROFESSIONAL ~~CARR-HILTON LABONTE LLP~~ACCOUNTANTS

~~CHARTERED~~We ~~PROFESSIONAL~~have ~~ACCOUNTANTS~~served as the Company’s auditor since 2016

WeVancouver, ~~have served as the Company’s auditor since 2016~~Canada

~~Vancouver~~April 24, ~~Canada~~2020

~~March 29, 2019~~6

~~F-1~~NORTHSTAR ELECTRONICS, INC.

~~NORTHSTAR~~Consolidated ~~ELECTRONICS,~~Balance ~~INC.~~Sheets

~~Consolidated~~December ~~Balance Sheets~~31

December 31

(US Dollars)		2019		2018

Assets

Current
Cash	$	40,261	$	170,831

Total Current Assets		40,261		170,831

Total Assets	$	40,261	$	170,831

Liabilities

Current
Accounts payable and accrued liabilities (note 4)	$	1,220,792	$	1,110,456
Loans payable (note 5)		442,916		442,916
Due to director (note 6)		616,159		521,074
Legal liability (note 7)		3,100,221		2,855,868

Total Current Liabilities		5,380,088		4,930,314

Total Liabilities		5,380,088		4,930,314

Stockholders’ Deficit

Common Stock (note 10)
Authorized:
200,000,000 Common shares with a par value of $0.0001 each
20,000, 000 Preferred shares with a par value of $0.0001 each
Issued and outstanding:
127,838,231 Common shares (127,838,231 - 2018)		12,784		12,784
597,716 Preferred shares (597,716 - 2018)		404,299		404,299
Additional Paid-in Capital		8,608,875		8,608,875
Accumulated Deficit		(14,365,785)		(13,785,441)

Total Stockholders’ Deficit		(5,339,827)		(4,759,483)

Total Liabilities and Stockholders’ Deficit	$	40,261	$	170,831

(US Dollars)		2018		2017
Assets
Current
Cash	$	170,831	$	16,438
Total Current Assets		170,831		16,438
Total Assets	$	170,831	$	16,438
Liabilities
Current
Accounts payable and accrued liabilities (note 4)	$	1,110,456	$	941,115
Loans payable (note 5)		442,916		434,291
Due to directors (note 6)		521,074		424,538
Legal liability (note 7)		2,855,868		3,001,471
Total Current Liabilities		4,930,314		4,801,415
Total Liabilities		4,930,314		4,801,415
Stockholders’ Deficit
Common Stock (note 10)
Authorized:
200,000,000 Common shares with a par value of $0.0001 each
20,000, 000 Preferred shares with a par value of $0.0001 each
Issued and outstanding:
127,838,231 Common shares (98,579,815 - 2017)		12,784		9,858
597,716 Preferred shares (597,716 - 2017)		404,299		404,299
Additional Paid-in Capital		8,608,875		8,333,396
Subscriptions receivable		-		(5,035)
Accumulated Deficit		(13,785,441)		(13,527,495)
Total Stockholders’ Deficit		(4,759,483)		(4,784,977)
Total Liabilities and Stockholders’ Deficit	$	170,831	$	16,438

Nature of operations and going concern (note 1)

~~Nature~~See ofnotes ~~operations~~to ~~and~~consolidated ~~going~~financial ~~concern (note 1)~~statements

~~See notes to consolidated financial statements~~7

~~F-2~~NORTHSTAR ELECTRONICS, INC.

~~NORTHSTAR~~Consolidated ~~ELECTRONICS,~~Statements ~~INC.~~of Operations and Comprehensive Loss

~~Consolidated~~Years ~~Statements~~Ended ofDecember ~~Operations and Comprehensive Loss~~31

~~Years~~(US ~~Ended December 31~~Dollars)

(US Dollars)

		2019		2018

Expenses
Research and development	$	39,600	$	99,855
Travel, marketing and business development		383		37,580
Management fees (note 6)		120,000		120,000
Administration		60,750		60,000
Consulting		3,550		-
Rent and storage		10,217		10,362
Professional fees		16,148		13,642
Investor relations		9,099		13,899
Office and miscellaneous		5,744		6,167
Filing and transfer agent fees		18,334		33,023
Foreign exchange (gain) loss		148,063		(237,416)

Net loss before other items		(431,888)		(157,112)

Other items
Filing penalty (Note 9)		(50,000)		-
Interest expense (Note 7)		(98,456)		(100,834)
Net and comprehensive loss	$	(580,344)	$	(257,946)

Loss Per Share (Basic)	$	(0.00)	$	(0.01)
Loss Per Share (Dilutive)	$	-	$	-

Weighted Average Number of Common Shares Outstanding (Basic and Diluted)		127,838,231		113,309,684

		2018		2017
Expenses
Research and development (note 6)	$	99,855	$	50,280
Travel, marketing and business development		37,580		17,000
Management fees (note 6)		120,000		105,000
Administration		60,000		60,000
Consulting		-		2,000
Rent and storage		10,362		9,421
Professional fees		13,642		36,260
Investor relations		13,899		46,622
Office and miscellaneous		6,167		3,566
Filing and transfer agent fees		33,023		15,342
Foreign exchange (gain) loss		(237,416)		192,865
Net loss before other items		(157,112)		(538,356)
Other items
Interest expense (Note 7)		(100,834)		(100,769)
Net and comprehensive loss	$	(257,946)	$	(639,125)
Loss Per Share (Basic)	$	(0.00)	$	(0.01)
Loss Per Share (Dilutive)	$	-	$	-
Weighted Average Number of Common Shares Outstanding (Basic and Diluted)		113,309,684		92,704,124

See notes to consolidated financial statements

~~See notes to consolidated financial statements~~8

~~F-3~~NORTHSTAR ELECTRONICS, INC.

~~NORTHSTAR~~Consolidated ~~ELECTRONICS,~~Statements ~~INC.~~of Changes in Stockholders’ Deficit

~~Consolidated~~Years ~~Statements~~Ended ofDecember ~~Changes in Stockholders’ Deficit~~31

~~Years~~(US ~~Ended December 31~~Dollars)

(US Dollars)

	Number of Shares	Par Value		Additional Paid-In Capital		Subscriptions receivable		Accumulated Deficit		Preferred Shares		Total Stockholders’ Deficit
Balance, December 31,2017	98,579,815	$	9,858	$	8,333,396	$	(5,035)	$	(13,527,495)	$	404,299	$	(4,784,977)
Issued for services (note 10)	1,000,000		100		9,900		-		-		-		10,000
Issuance for cash (note 10)	28,258,416		2,826		265,579		-		-		-		268,405
Subscription collected	-		-		-		5,035		-		-		5,035
Net loss	-		-		-		-		(257,946)		-		(257,946)
Balance, December 31, 2018	127,838,231	$	12,784	$	8,608,875	$	-	$	(13,785,441)	$	404,299	$	(4,759,483)
Net loss	-		-		-		-		(580,344)		-		(580,344)
Balance, December 31, 2019	127,838,231	$	12,784	$	8,608,875	$	-	$	(14,365,785)	$	404,299	$	(5,339,827)

	Number of Shares		Par Value		Additional Paid-In Capital		Subscriptions receivable		Accumulated Deficit		Preferred Shares		Total Stockholders’ Deficit
Balance, December 31,2016	86,887,609	$	8,639	$	8,194,737	$	-	$	(12,888,370)	$	436,209	$	(4,248,785)
Issuance for cash (note 10)	6,905,000		690		61,845		(5,035)		-		-		57,500
Adjustment	-		50		(50)		-		-		-		-
Issuance on conversion of preferred B shares (note 10)	2,037,206		204		31,706		-		-		(31,910)		-
Issued for services (note 10)	2,750,000		275		29,225		-		-		-		29,500
Fair value of warrants issued (note 10)	-		-		15,933		-		-		-		15,933
Net loss	-		-		-		-		(639,125)		-		(639,125)
Balance, December 31,2017	98,579,815		9,858		8,333,396		(5,035)		(13,527,495)		404,299		(4,784,977)
Issued for services (note 10)	1,000,000		100		9,900		-		-		-		10,000
Issuance for cash (note 10)	28,258,416		2,826		265,579		-		-		-		268,405
Subscription collected	-		-		-		5,035		-		-		5,035
Net loss	-		-		-		-		(257,946)		-		(257,946)
Balance, December 31, 2018	127,838,231	$	12,784	$	8,608,875	$	-	$	(13,785,441)	$	404,299	$	(4,759,483)

See notes to consolidated financial statements

~~See notes to consolidated financial statements~~9

~~F-4~~NORTHSTAR ELECTRONICS, INC.

~~NORTHSTAR~~Consolidated ~~ELECTRONICS,~~Statements ~~INC.~~of Cash Flows

~~Consolidated~~Years ~~Statements~~Ended ofDecember ~~Cash Flows~~31

~~Years~~(US ~~Ended December 31~~Dollars)

(US Dollars)

		2019		2018

Operating Activities
Net loss	$	(580,344)	$	(257,946)
Items not involving cash:
Non-cash investor relations		-		10,000
Foreign exchange (gain) loss		145,897		(246,437)
Changes in Non-Cash Working Capital:
Accounts payable and accrued liabilities		110,336		169,341
Due to director		98,456		96,536
Interest accrual		95,085		100,834
Cash Used in Operating Activities		(130,570)		(127,672)

Financing Activities
Issuance of share capital for cash		-		273,440
Loan advances		-		8,625
Cash Provided by Financing Activities		-		282,065

Change in Cash		(130,570)		154,393
Cash, Beginning		170,831		16,438
Cash, Ending	$	40,261	$	170,831

Supplemental Information
Income taxes paid	$	-	$	-
Interest paid	$	-	$	-

Non-cash transactions
Common shares issued for consulting	$	-	$	10,000

		2018		2017
Operating Activities
Net loss	$	(257,946)	$	(639,125)
Items not involving cash:
Non-cash consulting		-		2,000
Non-cash investor relations		10,000		43,433
Foreign exchange (gain) loss		(246,437)		193,833
Changes in Non-Cash Working Capital:
Prepaid expenses		-		7,292
Accounts payable and accrued liabilities		169,341		134,670
Due to director		96,536		109,988
Interest accrual		100,834		100,769
Cash Used in Operating Activities		(127,672)		(47,140)
Financing Activities
Issuance of share capital for cash		273,440		57,500
Loan advances		8,625		-
Cash Provided by Financing Activities		282,065		57,500
Increase in Cash		154,393		10,360
Cash, Beginning		16,438		6,078
Cash, Ending	$	170,831	$	16,438
Supplemental Information
Income taxes paid	$	-	$	-
Interest paid	$	-	$	-
Non-cash transactions
Common shares issued for interest	$	-	$	-
Common shares issued for goodwill	$	-	$	-
Common shares issued for consulting	$	10,000	$	2,000
Common shares issued for investor relations	$	-	$	27,500

See notes to consolidated financial statements

~~See notes to consolidated financial statements~~10

~~F-5~~NORTHSTAR ELECTRONICS, INC.

~~NORTHSTAR~~Notes ~~ELECTRONICS,~~to ~~INC.~~Consolidated Financial Statements

~~Notes~~Years toEnded ~~Consolidated~~December ~~Financial~~31, ~~Statements~~2019 and 2018

~~Years~~(US ~~Ended December 31, 2018 and 2017~~Dollars)

~~(US~~1. ~~Dollars)~~NATURE OF OPERATIONS AND GOING CONCERN

1Northstar Electronics Inc. ~~NATURE~~(the OF“Company”) ~~OPERATIONS~~was ~~AND~~incorporated ~~GOING~~on ~~CONCERN~~May 11, 1998 in the state of Delaware. The Company is doing research and development on single engine aircrafts for business use.

~~Northstar~~The ~~Electronics~~Company's ~~Inc~~business ~~(the~~activities ~~“Company”)~~are ~~was~~conducted ~~incorporated~~principally onin ~~May~~Canada. 11However, ~~1998~~the financial statements are prepared in ~~the~~accordance ~~state~~with ofaccounting ~~Delaware.~~principles ~~The~~generally ~~Company~~accepted isin ~~doing~~the ~~research~~United ~~and~~States ~~development~~of onAmerica ~~single~~(“GAAP”) ~~engine~~with ~~aircrafts~~all figures translated into United States dollars for ~~business~~financial ~~use~~reporting purposes.

The accompanying consolidated financial statements have been prepared on a going concern basis, which assumes the Company's ~~business~~will ~~activities~~be ~~are~~able ~~conducted~~to ~~principally~~continue as a going-concern and contemplates the realization of assets and satisfaction of liabilities in ~~Canada~~the normal course of business. ~~However~~For the year ended December 31, 2019 the ~~financial~~Company ~~statements~~incurred ~~are~~a ~~prepared~~net inloss ~~accordance~~of ~~with~~$580,344 ~~accounting~~(2018: ~~principles~~$257,946) ~~generally~~and ~~accepted~~had ina ~~the~~working ~~United~~capital ~~States~~deficiency of ~~America~~$5,339,827 (~~“GAAP”~~2018: $4,759,483). Continuation as a going concern is dependent upon the ability of the Company to obtain the necessary financing to meet its obligations and pay its liabilities arising from normal business operations when they come due and ultimately upon its ability to achieve profitable operations. The outcome of these matters cannot be predicted with ~~all~~any ~~figures~~certainty ~~translated~~at ~~into~~this ~~United~~time ~~States~~and ~~dollars~~raise ~~for~~substantial doubt that the Company will be able to continue as a going concern. These consolidated financial ~~reporting~~statements ~~purposes~~do not include any adjustments to the amounts and classification of assets and liabilities that may be necessary should the Company be unable to continue as a going concern. Management intends to obtain additional funding by issuing debt and equity financing.

The accompanying consolidated financial statements have been prepared on a going concern basis, which assumes the Company will be able to continue as a going-concern and contemplates the realization of assets and satisfaction of liabilities in the normal course of business2. ~~For~~SIGNIFICANT ~~the~~ACCOUNTING year ended December 31, 2018 the Company incurred a net loss of $257,946 (2017: $639,125) and had a working capital deficiency of $4,759,483 (2017: $4,784,977). Continuation as a going concern is dependent upon the ability of the Company to obtain the necessary financing to meet its obligations and pay its liabilities arising from normal business operations when they come due and ultimately upon its ability to achieve profitable operations. The outcome of these matters cannot be predicted with any certainty at this time and raise substantial doubt that the Company will be able to continue as a going concern. These consolidated financial statements do not include any adjustments to the amounts and classification of assets and liabilities that may be necessary should the Company be unable to continue as a going concern. Management intends to obtain additional funding by issuing debt and equity financing.POLICIES

2a. ~~SIGNIFICANT~~Basis ~~ACCOUNTING~~of ~~POLICIES~~consolidation

a.The ~~Basis~~consolidated financial statements include the accounts of ~~consolidation~~the Company and its controlled subsidiary, National Five Holding Ltd, which was inactive during the years ended December 31, 2019 and 2018.

~~The~~b. ~~consolidated~~Cash ~~financial statements include the accounts of the Company~~ and ~~its~~Cash ~~controlled subsidiary, National Five Holding Ltd, which was inactive during the years ended December 31, 2018 and 2017.~~Equivalents

b. Cash and ~~Cash~~cash ~~Equivalents~~equivalents consist of commercial accounts, trust accounts and interest-bearing bank deposit. Items are considered to be cash equivalents if the original maturity is three months or less.

~~Cash~~c. ~~and~~Research ~~cash equivalents consist of commercial accounts, trust accounts~~ and ~~interest-bearing bank deposit. Items are considered to be cash equivalents if the original maturity is three months or less.~~development

c. Research and development costs are expensed to operations as incurred.

~~Research~~d. ~~and~~Foreign ~~development~~currency ~~costs are expensed to operations as incurred.~~translation

~~F-6~~The functional currencies of the Company and its subsidiary were determined as the US dollar, which is the currency of their primary economic environment. Amounts incurred in Canadian dollars are translated into the functional currency as follows:

2.(i)Monetary ~~SIGNIFICANT~~assets ~~ACCOUNTING~~and ~~POLICIES~~liabilities ~~(continued)~~at the rate of exchange in effect as at the balance sheet date;

d.(ii)Non-monetary ~~Foreign~~assets ~~currency~~and ~~translation~~liabilities at the exchange rates prevailing at the time of the acquisition of the assets or assumption of the liabilities; and

~~The~~(iii)Revenues ~~functional currencies of the Company~~ and ~~its~~expenditures ~~subsidiary~~at ~~were~~rates ~~determined~~approximating as the USaverage ~~dollar,~~rate ~~which is the currency~~ of ~~their~~exchange ~~primary~~for ~~economic environment. Amounts incurred in Canadian dollars are translated into~~ the ~~functional currency as follows:~~year.

~~(i)~~e. Use of estimates

~~Monetary~~The preparation of the financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts of assets and liabilities and disclosures of contingent assets and liabilities at the ~~rate~~date of ~~exchange~~the infinancial ~~effect~~statements asand atthe reported amounts of revenues and expenditures during the ~~balance~~reporting ~~sheet~~period. ~~date;~~Actual results could differ from these estimates.

~~(ii)~~11

~~Non-monetary~~2. ~~assets~~SIGNIFICANT ~~and~~ACCOUNTING ~~liabilities~~POLICIES ~~at the exchange rates prevailing at the time of the acquisition of the assets or assumption of the liabilities; and~~(continued)

~~(iii)~~f. Income taxes

~~Revenues~~Deferred income taxes are reported for timing differences between items of income or expense reported in the financial statements and ~~expenditures~~those atreported ~~rates~~for ~~approximating~~income tax purposes in accordance with ASC 740, “Income Taxes”, which requires the ~~average~~use ~~rate~~of the asset/liability method of ~~exchange~~accounting for income taxes. Deferred income taxes and tax benefits are recognized for the ~~year~~future tax consequences attributable to differences between the financial statement carrying amounts of assets and liabilities and their respective tax bases, and for tax losses and credit carry-forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The Company provides for deferred taxes for the estimated future tax effects attributable to temporary differences and carry-forwards when realization is more likely than not.

eg. ~~Use~~Basic ofand ~~estimates~~diluted net loss per share

The ~~preparation~~Company ofcomputes ~~the~~net ~~financial~~income ~~statements~~(loss) per share in ~~conformity~~accordance with ~~GAAP~~ASC 260, “Earnings per Share”. ASC 260 requires ~~management~~presentation toof ~~make~~both ~~estimates~~basic and ~~assumptions~~diluted ~~that~~earnings ~~affect~~per share (“EPS”) on the ~~amounts~~face of ~~assets~~the ~~and~~income ~~liabilities~~statement. ~~and~~Basic ~~disclosures~~EPS ofis ~~contingent~~computed ~~assets~~by ~~and~~dividing ~~liabilities~~net atincome (loss) available to common shareholders (numerator) by the ~~date~~weighted average number of shares outstanding (denominator) during the ~~financial~~period. ~~statements~~Diluted ~~and~~EPS gives effect to all dilutive potential common shares outstanding during the ~~reported~~period ~~amounts~~using ofthe ~~revenues~~treasury stock method and ~~expenditures~~convertible ~~during~~preferred stock using the ~~reporting~~if-converted ~~period~~method. In ~~Actual~~computing ~~results~~diluted ~~could~~EPS, ~~differ~~the average stock price for the period is used in determining the number of shares assumed to be purchased from ~~these~~the ~~estimates~~exercise of stock options or warrants. Diluted EPS excluded all dilutive potential shares if their effect is anti-dilutive.

fh. ~~Income~~Segments ~~taxes~~of an enterprise and related information

~~Deferred~~ASC ~~income~~280, ~~taxes~~“Segment ~~are~~Reporting” ~~reported~~establishes guidance for ~~timing~~the ~~differences~~way ~~between~~that ~~items~~public ofcompanies ~~income~~report orinformation ~~expense~~about ~~reported~~operating segments in ~~the~~annual financial statements and ~~those~~requires ~~reported~~reporting ~~for~~of ~~income~~selected ~~tax~~information ~~purposes~~about inoperating ~~accordance~~segments ~~with~~in ~~ASC~~interim ~~740,~~financial ~~“Income~~statements ~~Taxes”,~~issued ~~which~~to ~~requires~~ the ~~use of the asset/liability method of accounting for income taxes~~public. ~~Deferred~~ ~~income~~It ~~taxes~~also ~~and~~establishes ~~tax~~standards ~~benefits are recognized~~ for ~~the~~disclosures ~~future~~regarding ~~tax~~products ~~consequences attributable to differences between the financial statement carrying amounts of assets~~ and ~~liabilities and their respective tax bases~~services, ~~and~~geographic ~~for~~areas ~~tax losses~~ and ~~credit~~major ~~carry-forwards~~customers. ~~Deferred~~ASC ~~tax~~280 ~~assets~~defines ~~and~~operating ~~liabilities~~segments ~~are~~as ~~measured~~components ~~using~~of ~~enacted~~a ~~tax~~company ~~rates~~about ~~expected to apply to taxable income in the years in~~ which ~~those~~separate ~~temporary~~financial ~~differences~~information ~~are~~is ~~expected~~available tothat beis ~~recovered~~evaluated orregularly ~~settled.~~by ~~The~~the ~~Company~~chief ~~provides~~operating ~~for~~decision ~~deferred~~maker ~~taxes~~in ~~for~~deciding ~~the~~how ~~estimated future tax effects attributable~~ to ~~temporary~~allocate ~~differences~~resources and ~~carry-forwards~~in ~~when~~assessing ~~realization is more likely than not~~performance.

gi. ~~Basic~~Fair ~~and~~value ~~diluted net loss per share~~measurements

The Company ~~computes~~adopted ~~net~~ASC ~~income~~820, ~~(loss)~~Fair ~~per~~Value ~~share~~Measurements. inASC ~~accordance~~820 ~~with~~provides ~~ASC~~a ~~260~~definition of fair value, ~~“Earnings~~establishes ~~per~~a ~~Share”.~~hierarchy ~~ASC~~for ~~260~~measuring ~~requires~~fair ~~presentation~~value ofunder ~~both~~generally ~~basic~~accepted ~~and~~accounting ~~diluted~~principles ~~earnings~~and ~~per~~requires ~~share~~certain ~~(“EPS”)~~disclosures onabout ~~the~~fair ~~face~~values ofused in the ~~income~~financial ~~statement~~statements. ~~Basic~~ASC ~~EPS~~820 isdefines ~~computed~~fair byvalue ~~dividing~~as ~~net~~the ~~income~~exchange ~~(loss)~~price ~~available~~that towould ~~common~~be ~~shareholders~~received ~~(numerator)~~for byan ~~the~~asset ~~weighted~~or ~~average~~paid ~~number~~to oftransfer ~~shares~~a ~~outstanding~~liability (~~denominator~~an exit price) ~~during~~in the ~~period.~~primary ~~Diluted~~or ~~EPS~~most ~~gives~~advantageous ~~effect~~market tofor ~~all~~the ~~dilutive~~asset ~~potential~~or ~~common~~liability ~~shares~~in ~~outstanding~~an ~~during~~orderly ~~the~~transaction ~~period~~between ~~using~~market participants on the ~~treasury~~measurement ~~stock~~date. ~~method~~Valuation ~~and~~techniques ~~convertible~~used ~~preferred~~to ~~stock~~measure ~~using~~fair ~~the~~value ~~if-converted~~under ~~method. In~~ASC ~~computing~~820 ~~diluted~~must ~~EPS,~~maximize the ~~average~~use ~~stock~~of ~~price~~observable ~~for~~inputs and minimize the ~~period~~use isof ~~used~~unobservable ininputs. ~~determining~~The ~~the~~standard ~~number~~describes ofa ~~shares~~fair ~~assumed~~value tohierarchy bebased ~~purchased~~on ~~from~~three ~~the~~levels ~~exercise~~of inputs, of ~~stock~~which ~~options~~the orfirst ~~warrants. Diluted~~two ~~EPS~~are ~~excluded~~considered ~~all~~observable ~~dilutive~~and ~~potential~~the ~~shares~~last ifunobservable, ~~their~~that ~~effect~~may isbe ~~anti-dilutive.~~used to measure fair value, which are the following:

FLevel 1 -7 Quoted prices in active markets for identical assets or liabilities.

Level 2. ~~SIGNIFICANT~~- ~~ACCOUNTING~~Inputs ~~POLICIES~~other ~~(continued)~~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.

h.Level ~~Segments~~3 of- anUnobservable ~~enterprise~~inputs that are supported by little or no market activity and ~~related~~that ~~information~~are significant to the fair value of the assets or liabilities.

ASC 280, “Segment Reporting” establishes guidance for the way that public companies report information about operating segments in annual financial statements and requires reporting of selected information about operating segments in interim financial statements issued to the publicj. It ~~also~~Comparative establishes standards for disclosures regarding products and services, geographic areas and major customers. ASC 280 defines operating segments as components of a company about which separate financial information is available that is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and in assessing performance.figures

i.Certain ~~Fair~~comparative ~~value~~figures ~~measurements~~have been adjusted to conform to the current year’s presentation.

The Company adopted ASC 820, Fair Value Measurements. ASC 820 provides a definition of fair value, establishes a hierarchy for measuring fair value under generally accepted accounting principles and requires certain disclosures about fair values used in the financial statements. 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 primary or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Valuation techniques used to measure fair value under ASC 820 must maximize the use of observable inputs and minimize the use of unobservable inputs. The standard describes a fair value hierarchy based on three levels of inputs, of which the first two are considered observable and the last unobservable, that may be used to measure fair value, which are the following:12

~~Level~~2. 1SIGNIFICANT -ACCOUNTING ~~Quoted~~POLICIES ~~prices in active markets for identical assets or liabilities.~~(continued)

~~Level~~k. 2Recently -adopted ~~Inputs~~accounting 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.pronouncements

~~Level~~In 3February 2016, the FASB issued ASU 2016-02, ~~Unobservable~~Leases ~~inputs~~(Topic ~~that~~842). ~~are~~Topic ~~supported~~842 byis ~~little~~effective orfor nopublic ~~market~~companies ~~activity~~for ~~and~~annual reporting periods beginning after December 15, 2018, including interim periods within those fiscal years. The new standard establishes a right-of-use ("ROU") model that ~~are~~requires ~~significant~~a lessee to record a ROU asset and a lease liability, measured on a discounted basis, on the ~~fair~~balance ~~value~~sheet for all leases with terms longer than 12 months. Leases are classified as either finance or operating, with classification affecting the pattern of expense recognition in the ~~assets~~statement orof ~~liabilities~~income. Originally, entities were required to adopt ASU 2016-02 using a modified retrospective approach, which required prior periods to be presented under this new standard with certain practical expedients available.

jHowever, in July 2018, the FASB issued ASU 2018-11, Leases (Topic 842): Targeted Improvements, which allows entities the option of recognizing the cumulative effect of applying the new standard as an adjustment to the opening balance of retained earnings in the year of adoption while continuing to present all prior periods under previous lease accounting guidance. ~~Comparative~~The ~~figures~~Company adopted Topic 842 as of January 1, 2019 which did not result in any impact on the Company’s financial statements as the Company did not have leases with terms longer than 12 months.

~~Certain~~Other ~~comparative~~recent ~~figures~~accounting ~~have~~pronouncements ~~been~~issued ~~adjusted~~by the Financial Accounting Standards Board or other authoritative standards groups with future effective dates are either not applicable or are not expected to ~~conform~~be significant to the ~~current~~financial ~~year’s~~statements ~~presentation~~of the Company.

k3. ~~Recently~~FINANCIAL ~~adopted accounting pronouncements~~INSTRUMENTS

~~Recent~~Fair accounting pronouncements issued by the Financial Accounting Standards Board or other authoritative standards groups with future effective dates are either not applicable or are not expected to be significant to the financial statements of the Company.values

~~F-8~~The carrying values of accounts payable, loans payable, due to director and legal liability approximate their fair values because of the short maturity of these financial instruments.

3.Interest ~~FINANCIAL~~rate ~~INSTRUMENTS~~risk

~~Fair~~The ~~values~~Company is not exposed to significant interest rate risk due to the fixed rates of interest on its monetary assets and liabilities.

~~The~~Credit ~~carrying values of accounts payable, loans payable, due to directors and legal liability approximate their fair values because of the short maturity of these financial instruments.~~risk

~~Interest~~The ~~rate~~Company is exposed to credit risk with respect to its cash. The Company deposits cash with a high credit quality financial institution as determined by rating agencies.

~~The~~Currency ~~Company is not exposed to significant interest rate~~ risk ~~due to the fixed rates of interest on its monetary assets and liabilities.~~

~~Credit~~The Company is subject to currency risk as certain of the assets and liabilities are denominated in Canadian dollars. The exchange rate conversion to US dollars may vary from time to time.

~~The~~Liquidity ~~Company is exposed to credit~~ risk ~~with respect to its cash. The Company deposits cash with a high credit quality financial institution as determined by rating agencies.~~

~~Currency~~Liquidity risk is the risk that an entity will encounter difficulty in meeting obligations associated with its financial liabilities. The Company is reliant upon related parties and share issuance as its sources of cash. The Company has received financing from related parties and share issuances in the past; however, there is no assurance that it will be able to do so in the future.

~~The Company is subject to currency risk as certain of the assets and liabilities are denominated in Canadian dollars~~4. ~~The~~ ~~exchange~~ACCOUNTS ~~rate~~PAYABLE ~~conversion~~AND toACCRUED ~~US dollars may vary from time to time.~~LIABILITIES

Liquidity risk

	2019		2018
Accounts payable	$	220,559	$	259,550
Accrued liabilities		1,000,233		850,906
	$	1,220,792	$	1,110,456

Liquidity risk is the risk that an entity will encounter difficulty in meeting obligations associated with its financial liabilities. The Company is reliant upon related parties and share issuance as its sources of cash. The Company has received financing from related parties and share issuances in the past; however, there is no assurance that it will be able to do so in the future.13

45. ~~ACCOUNTS~~LOANS PAYABLE ~~AND ACCRUED LIABILITIES~~

	2018		2017
	2019		2018
Accounts payable	$	259,550	$	500,115
Demand loans	$	417,364	$	417,364
Accrued liabilities		850,906		441,000
Promissory notes		8,625		8,625
	$	1,110,456	$	941,115
Interest payable		16,927		16,927
	$	442,916	$	442,916

5.The ~~LOANS~~demand ~~PAYABLE~~loans are non-interest bearing, unsecured with no fixed terms of repayment.

	2018		2017
Demand loans	$	417,364	$	417,364
Promissory notes		8,625		-
Interest payable		16,927		16,927
	$	442,916	$	434,291

The promissory notes bear interest rate of 10% per annum and are convertible to the Company’s shares at the Company’s option at a price to be agreed upon both the Company and the promissory note holders.

~~The~~6. ~~demand~~RELATED ~~loans~~PARTY ~~are non-interest bearing, unsecured with no fixed terms of repayment.~~TRANSACTIONS

a.The ~~promissory~~amount ~~notes bear interest rate~~ of ~~10%~~$616,159 ~~per~~(December ~~annum~~31, ~~and~~2018: ~~are~~$521,074) ~~convertible~~due to ~~the~~a ~~Company’s~~director ~~shares~~of at the Company’s ~~option~~has atno aspecific ~~price~~terms toof berepayment, ~~agreed~~is ~~upon~~non-interest ~~both~~bearing ~~the Company~~ and ~~the promissory note holders~~unsecured.

~~F-9~~b.The Company accrued management fees payable of $120,000 in total to a director of the Company for his services as an officer of the Company during the year ended December 31, 2019 (2018: $120,000).

67. ~~RELATED~~LEGAL ~~PARTY TRANSACTIONS~~LIABILITY

During 2000 to 2008, the Company’s former subsidiaries Northstar Technical Inc. (“NTI”) and Northstar Network Ltd. (“NNL”) received funding from Atlantic Canada Opportunities Agency (“ACOA”) to fund their projects. In 2013, ACOA filed claims against NTI, NNL and the Company for repayments of advances due to events of default. The advances and interests ACOA claimed totaled $3,079,475 CAD ($2,257,255). In accordance with the agreements signed between NTI, NNL and the Company, the Company was jointly and severally liable for the obligations. Further, the claim amount bears a daily interest of CAD $358 from February 15, 2013 to settlement. During the year ended December 31, 2019, the Company accrued interest in the amount of $98,456 (2018: $100,834).

The amount of $521,074 (December 31, 2017: $424,538) due to a director of the Company has no specific terms of repayment, is non-interest bearing and unsecured.

		2019		2018
Legal liability	$	2,403,152	$	2,257,255
Interest payable		697,069		598,613
	$	3,100,221	$	2,855,868

b8. WARRANTS

~~The~~Warrant ~~Company~~activity ~~accrued management fees payable of $120,000 in total to a director of the Company~~ for ~~his services as an officer of~~ the ~~Company~~years ~~during the year~~ ended December 31, 2019 and 2018 ~~(2017:~~is ~~$105,000).~~as follows:

	Number of Warrants	Weighted Average Exercise Price
Balance December 31, 2017	5,157,440	$0.64
Expired	(1,827,500)	$0.04
Issued	14,629,208	$0.05
Balance December 31, 2018	17,959,148	$0.07
Expired	(2,500,000)	$0.04
Balance December 31, 2019	15,459,148	$0.04

The Company accrued engineering fees payable of $nil in total to a director of the Company for his services during the year ended December 31, 2018 (2017: $15,000), which are included in research and development expense.14

78. ~~LEGAL~~WARRANTS ~~LIABILITY~~(continued)

~~During~~As ~~2000~~at to 2008, the Company’s former subsidiaries Northstar Technical Inc. (“NTI”) and Northstar Network Ltd. (“NNL”) received funding from Atlantic Canada Opportunities Agency (“ACOA”) to fund their projects. In 2013, ACOA filed claims against NTI, NNL and the Company for repayments of advances due to events of default. The advances and interests ACOA claimed totaled $3,079,475 CAD ($2,257,255). In accordance with the agreements signed between NTI, NNL and the Company, the Company was jointly and severally liable for the obligations. Further, the claim amount bears a daily interest of CAD $358 from February 15, 2013 to settlement. During the year ended December 31, ~~2018,~~2019 the ~~Company~~outstanding ~~accrued~~warrants ~~interest in the amount of $100,834 (2017~~were: ~~$100,769).~~

		2018		2017
	Exercise		Number of Warrants
	Legal liability	$	2,257,255	$	2,454,649
Expiry Date	Price		2019	2018
	Interest payable		598,613		546,822
Open (1)	$ 0.50		389,170	389,170
		$	2,855,868	$	3,001,471
Open (1)	$ 0.75		389,170	389,170
Open (2)	$ 0.25		51,600	51,600
April 20, 2019	$ 0.04		-	2,500,000
April 23, 2020	$ 0.05		645,000	645,000
April 23, 2020	$ 0.05		850,000	850,000
September 30, 2020	$ 0.05		792,102	792,102
September 30, 2020	$ 0.05		500,000	500,000
September 30, 2020	$ 0.05		11,842,106	11,842,106
Total outstanding and exercisable			15,459,148	17,959,148
Weighted average outstanding life of warrants (years)			0.88 - Open	0.94 - Open

8(1)These warrants were issued in 2005. ~~WARRANTS~~The expiry date of the warrants are six months after the closing bid price for the common stock of the Company has been over $0.65 and $1.00 per share respectively for five consecutive trading days.

~~Warrant~~(2)These ~~activity~~warrants ~~for~~were ~~the~~issued ~~years~~in ~~ended~~2008 ~~December~~and ~~31,~~they ~~2018~~do ~~and~~not ~~2017~~have isan asexpiry ~~follows:~~date.

	Number of Warrants	Exercise Price per Share	Weighted Average Exercise Price
Balance December 31, 2016	829,940	$0.15 - $0.75	$0.64
Issued	2,500,000	$0.04	$0.04
Issued	1,827,500	$0.05	$0.05
Balance December 31, 2017	5,157,440	$0.60	$0.60
Expired	(1,827,500)	--	--
Issued	14,629,208	$0.05	$0.05
Balance December 31, 2018	17,959,148		$0.43

9. INCOME TAXES

~~F-10~~Income taxes vary from the amount that would be computed by applying the estimated combined statutory income tax rate (21%) for the following reasons:

8. WARRANTS (continued)

	2019		2018
Loss before income taxes	$	(580,344)	$	(257,946)
Income tax rate		21%		21%
Expected income tax recovery		(121,872)		(54,169)
Permanent difference		10,500		-
Effect from change in tax rates		-		1,146,861
Change in valuation allowance		111,372		(1,092,692)
Provision for income taxes	$	-	$	-

AsDeferred atincome ~~December~~taxes ~~31,~~reflect ~~2018~~the tax effects of temporary differences between the ~~outstanding~~carrying ~~warrants~~amounts ~~were.~~of :assets and liabilities for financial reporting purposes and the amounts used for income tax purposes.

	Exercise		Number of Warrants
	2019			2018
Expiry Date	Price		2018		2017
Deferred tax asset attributable to:
Open (1)	$ 0.50		389,170		389,170
Non-capital loss	$	2,018,162		$	1,906,790
Open (1)	$ 0.75		389,170		389,170
Less: change in valuation allowance		(2,018,162)			(1,906,790)
Open (2)	$ 0.25		51,600		51,600
	$	-		$	-
April 20, 2019	$ 0.04		2,500,000		2,500,000
December 25, 2018	$ 0.05		--		265,000
November 7, 2018	$ 0.05		--		1,562,500
April 23, 2020	$ 0.05		645,000		--
April 23, 2020	$ 0.05		850,000		--
September 30, 2020	$ 0.05		792,103		--
September 30, 2020	$ 0.05		500,000		--
September 30, 2020	$ 0.05		11,842,106		--
Total outstanding and exercisable			17,959,149		5,157,440
Weighted average outstanding life of warrants (years)			1.35 - Open		0.94 - Open

~~(1)~~15

~~These warrants were issued in 2005~~9. ~~The~~INCOME ~~expiry~~TAXES ~~date of the warrants are six months after the closing bid price for the common stock of the Company has been over $0.65 and $1.00 per share respectively for five consecutive trading days.~~(continued)

~~(2)~~The Company's carried losses for income tax purposes are $9,610,295 which may be carried forward to apply against future income tax. The future tax benefit of these loss carry-forwards has been offset with a full valuation allowance. These losses expire as follows:

These warrants were issued in 2008 and they do not have an expiry date.

2026	$	681,591
2027		718,441
2028		1,791,899
2029		1,039,431
2030		1,272,447
2031		1,807,955
2032		864,013
2033		102,286
2034		(297,953)
2035		(332,517)
2036		535,288
2037		639,125
2038		257,946
2039		530,343
	$	9,610,295

9The Company has adopted Financial Accounting Standards Board Interpretation No. ~~INCOME~~48, ~~TAXES~~“Accounting for Uncertainty in Income Taxes” - an interpretation of SFAS 109. (FIN 48), as codified in ASC 740. ASC 740 addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under ASC 740, the Company may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position would be measured based on the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement. ASC 740 also provides guidance on de-recognition of income tax assets and liabilities, classification of current and deferred income tax assets and liabilities, and accounting for interest and penalties associated with tax positions.

~~Income~~The ~~taxes~~Company ~~vary~~did ~~from~~not ~~the~~file ~~amount~~its ~~that~~U.S. ~~would~~federal beincome ~~computed~~tax byreturns, ~~applying~~including, ~~the~~without ~~estimated~~limitation, ~~combined~~information ~~statutory~~returns ~~income~~on ~~tax~~Internal ~~rate~~Revenue Service (~~21%~~“IRS”) Form 5471, Information Return of U.S. Persons With Respect to Certain Foreign Corporations for the ~~following~~years ~~reasons:~~ended December 31, 2007 through 2019. Failure to furnish any information with respect to any foreign business entity required, within the time prescribed by the IRS, subjects the Company to certain civil penalties.

	2018		2017
Loss before income taxes	$	(257,946)	$	(639,125)
Income tax rate		21%		34%
Expected income tax recovery		(54,169)		(217,302)
Effect from change in tax rates		1,146,861		--
Change in valuation allowance		(1,092,692)		217,302
Provision for income taxes	$	--	$	--

The Company did not file the information reports for the years ended December 31, 2007 through 2019 concerning its interest in foreign bank accounts on TDF 90-22.1, “Report of Foreign Bank and Financial Accounts” (“FBARs”). For not complying with the FBAR reporting and recordkeeping requirements, the Company is potentially subject to civil penalties up to $10,000 for each of its foreign bank accounts. During the year ended December 31, 2019, the Company accrued $50,000 on potential penalty for failure to file the form TDF 90-22.1. In addition, because the Company did not generate any income in the United States or otherwise have any U.S. taxable income, the Company does not believe that it owes U.S. federal income taxes in respect to any transactions that the Company or any of its subsidiaries may have engaged in through December 31, 2019. However, there can be no assurance that the IRS will agree with the position, and therefore the Company ultimately could be held liable for U.S. federal income taxes, interest and penalties.

Deferred income taxes reflect the tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes.16

	2018		2017
Deferred tax asset attributable to:
Non-capital loss	$	1,906,790	$	2,999,482
Less: change in valuation allowance		(1,906,790)		(2,999,482)
	$	--	$	--

10. COMMON STOCK

~~F-11~~During the year ended December 31, 2019, the Company did not issue any common shares.

9During the year ended December 31, 2018, the Company issued 28,258,416 common shares for cash of $268,405. ~~INCOME~~Included ~~TAXES~~in ~~(continued)~~these issuances were 14,629,208 attached warrants with an exercise price of $0.05 for a period of one to two years. No value was attributed to these warrants.

~~The~~During the year ended December 31, 2018, the Company's ~~carried~~issued ~~losses~~1,000,000 common shares for ~~income~~services ~~tax~~with ~~purposes~~a ~~are~~fair value of $910,~~079~~000. Included in this issuance were 500,~~952~~000 ~~which~~attached ~~may~~warrants bewith ~~carried~~an ~~forward~~exercise toprice ~~apply~~of ~~against~~$0.05 ~~future~~for ~~income~~a ~~tax~~period of two years. ~~The~~No ~~future~~fair ~~tax~~value ~~benefit~~was ofattributed ~~these~~to ~~loss~~the ~~carry-forwards~~warrants ~~has~~as ~~been~~the ~~offset~~$10,000 ~~with~~was adetermined ~~full~~to ~~valuation~~be ~~allowance.~~the ~~These~~fair ~~losses~~value ~~expire~~of asthe ~~follows:~~service received.

2026	$	681,591
2027		718,441
2028		1,791,899
2029		1,039,431
2030		1,272,447
2031		1,807,955
2032		864,013
2033		102,286
2034		(297,953)
2035		(332,517)
2036		535,288
2037		639,125
2038		257,946
	$	9,079,952

Preferred Shares

~~The~~Issued ~~Company has adopted Financial Accounting Standards Board Interpretation No. 48, “Accounting~~ for Uncertainty in Income Taxes” - an interpretation of SFAS 109. (FIN 48), as codified in ASC 740. ASC 740 addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under ASC 740, the Company may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position would be measured based on the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement. ASC 740 also provides guidance on de-recognition of income tax assets and liabilities, classification of current and deferred income tax assets and liabilities, and accounting for interest and penalties associated with tax positions.cash:

~~The~~All ~~Company~~classes ~~did~~of ~~not~~the ~~file~~preferred ~~its~~shares ~~U.S.~~bear ~~federal~~interest ~~income~~at ~~tax~~10% ~~returns,~~per ~~including,~~annum ~~without~~paid ~~limitation,~~semiannually ~~information~~not ~~returns~~in onadvance ~~Internal~~and ~~Revenue~~are ~~Service~~convertible ~~(“IRS”)~~to ~~Form~~shares ~~5471,~~of ~~Information~~common ~~Return~~stock of ~~U.S.~~the ~~Persons~~Company ~~With~~after ~~Respect~~two years from receipt of funds at a 20% discount to ~~Certain~~the ~~Foreign~~then ~~Corporations~~current ~~for~~market price of the Company’s common stock. The preferred shares may be converted after six months and before two years ~~ended~~under similar terms but with a 15% discount to market. At December 31, ~~2007~~2019, ~~through~~the ~~2018.~~outstanding ~~Failure~~number toof ~~furnish~~preferred ~~any~~Classes ~~information~~A, ~~with~~B ~~respect~~and toC ~~any~~shares ~~foreign~~are ~~business~~582,716 ~~entity~~Class ~~required~~A (December 31, ~~within~~2018: ~~the~~582,716), ~~time~~15,000 ~~prescribed~~Class byB ~~the~~(December ~~IRS~~31, ~~subjects~~2018: ~~the~~15,000) ~~Company~~and tonil ~~certain~~Class ~~civil~~C ~~penalties~~(December 31, 2018: nil), respectively.

~~The Company did not file the information reports for the years ended December 31, 2007 through 2018 concerning its interest in foreign bank accounts on TDF 90-22~~11.1, ~~“Report~~LOSS ofPER Foreign Bank and Financial Accounts” (“FBARs”). For not complying with the FBAR reporting and recordkeeping requirements, the Company is potentially subject to civil penalties up to $10,000 for each of its foreign bank accounts.SHARE

InThe ~~addition,~~potentially ~~because~~dilutive ~~the~~securities ~~Company~~that ~~did~~were ~~not~~excluded ~~generate~~from ~~any income in~~ the ~~United~~earnings ~~States~~(loss) orper ~~otherwise~~share ~~have~~calculation ~~any~~consist ~~U.S.~~of ~~taxable income~~15,459,148 ~~the~~warrants ~~Company~~(2018: ~~does not believe that it owes U~~17,959,148).S. ~~federal~~The ~~income~~warrants ~~taxes~~and ~~in respect to~~ any ~~transactions~~preferred ~~that~~share ~~the~~conversions ~~Company~~would ~~or any of its subsidiaries may have engaged in through December 31, 2018. However, there can~~ be noantidilutive ~~assurance that the IRS will agree with the position,~~ and therefore ~~the Company ultimately could be held liable for U~~excluded.~~S. federal income taxes, interest and penalties.~~

~~F-12~~17

10Item 8. ~~COMMON~~Changes ~~STOCK~~in and Disagreements with Accountants on Accounting and Financial Disclosure

~~During~~There ~~the~~are ~~year~~no ~~ended~~reportable ~~December~~disagreements ~~31,~~on ~~2018,~~accounting ~~the~~or ~~Company~~financial ~~issued~~disclosure ~~28,258,416 common shares for cash of $268,405~~issues. ~~Included in these issuances were 14,629,208 attached warrants with an exercise price of $0.05 for a period of one to two years. No value was attributed to these warrants.~~

~~During~~Item ~~the year ended December 31, 2018, the Company issued 1,000,000 common shares for services with a fair value of $10,000~~8A. ~~Included~~Controls inand this issuance were 500,000 attached warrants with an exercise price of $0.05 for a period of two years. No fair value was attributed to the warrants as the $10,000 was determined to be the fair value of the service received.Procedures

~~During~~Management's ~~the~~Annual ~~year~~Report ~~ended December 31, 2017, the Company issued 2,037,206 common shares~~ on ~~the~~Internal ~~conversion~~Control ofover ~~31,910~~Financial ~~preferred Class B shares for $31,910.~~Reporting

~~During~~Our ~~the~~management ~~year~~is ~~ended~~responsible ~~December~~for ~~31,~~establishing ~~2017,~~and ~~the~~maintaining ~~Company~~adequate ~~issued,~~internal ~~6,905,000~~control ~~common~~over ~~shares~~financial ~~for~~reporting ~~cash~~(as ofdefined ~~$62,535. Included~~ in ~~subscriptions~~Rule ~~receivable~~13a-15(f) isunder ~~$5,035,~~the ~~which~~Exchange ~~was received subsequent to December 31, 2017~~Act).

~~During~~Framework ~~the~~used ~~year~~by ~~ended~~Management ~~December~~to ~~31,~~Evaluate ~~2017,~~ the ~~Company~~Effectiveness ~~issued 2,750,000 common shares for services with a fair value~~ of ~~$29,500.~~Internal ~~Included~~Controls inover ~~these~~Financial issuances were 1,750,000 attached warrants with an exercise price of $0.04 per common stock for a period of two years. The fair value of warrants was determined to be $15,933 using the Black-Scholes Option Pricing Model with the following assumptions: dividend yield - 0%, volatility - 282%, risk-free rate - 1%, and expected life - 2 years.Reporting

~~Preferred~~I ~~Shares~~maintain internal controls and procedures that are designed to ensure that information required to be disclosed in our filings under the Exchange Act is recorded, processed, summarized and reported within the periods specified in the rules and forms of the SEC. This information is accumulated and communicated to our executive officers to allow timely decisions regarding required disclosure within certain policies and procedures. These policies and procedures include:

~~Issued~~-maintenance ~~for~~of ~~cash:~~records in reasonable detail to accurately and fairly reflect the transactions and dispositions of assets;

~~All~~-provide ~~classes~~reasonable ofassurance ~~the~~that ~~preferred~~transactions ~~shares bear interest at 10% per annum paid semiannually not in advance and~~ are ~~convertible~~recorded toas ~~shares~~necessary ~~of common stock of the Company after two years from receipt of funds at a 20% discount~~ to ~~the~~permit ~~then~~preparation ~~current market price~~ of ~~the~~financial ~~Company’s~~statements ~~common~~in ~~stock.~~accordance ~~The~~with ~~preferred~~generally ~~shares~~accepted ~~may~~accounting beprinciples, ~~converted~~and ~~after~~that ~~six~~receipts ~~months~~ and ~~before~~expenditures ~~two~~are ~~years~~being ~~under~~made ~~similar~~only ~~terms~~in ~~but~~accordance with aauthorizations ~~15% discount to market. At December 31, 2018, the outstanding number~~ of ~~preferred~~management ~~Classes~~and Adirectors, B and Cprovide ~~shares~~reasonable ~~are~~assurance ~~582,716~~regarding ~~Class~~prevention Aor ~~(December~~timely ~~31,~~detection ~~2017:~~of ~~582,716),~~unauthorized 15acquisition,~~000~~ ~~Class~~use Bor ~~(December~~disposition ~~31,~~of ~~2017:~~assets ~~15,000)~~that ~~and~~could ~~nil~~have ~~Class~~a Cmaterial ~~(December~~effect ~~31,~~on ~~2017:~~our ~~nil),~~financial ~~respectively~~statements.

~~11.~~For ~~LOSS~~the ~~PER~~year ~~SHARE~~ended December 31, 2019 management has relied on the Committee of Sponsoring Organizations of the Treadway Commission (COSO), an Internal Control - Integrated Framework issued in 1992, to evaluate the effectiveness of our internal control over financial reporting.

~~The~~Management’s ~~potentially~~Assessment ~~dilutive~~of ~~securities~~the ~~that~~Effectiveness ~~were~~of ~~excluded~~Internal ~~from~~Controls ~~the~~over ~~earnings~~Financial ~~(loss)~~Reporting ~~per~~as ~~share calculation consist~~ of ~~17,959,148~~December ~~warrants (2017: 5~~31,~~157,440).~~ ~~The warrants and any preferred share conversions would be antidilutive and therefore excluded.~~2019

~~F-13~~Management conducted an evaluation of the effectiveness of our internal control over financial reporting and determined that our internal control over financial reporting was effective as of December 31, 2019.

~~Item~~Attestation 8.Report ~~Changes~~of inthe ~~and~~Registered ~~Disagreements with Accountants on~~ Accounting ~~and Financial Disclosure~~Firm

~~There~~This ~~are~~annual noreport ~~reportable~~does ~~disagreements~~not oninclude an attestation report of the Company’s registered public accounting orfirm regarding internal control over financial ~~disclosure~~reporting. ~~issues~~Management’s report was not subject to attestation by the Company’s registered public accounting firm pursuant to temporary rules of the SEC that permit the Company to provide only management’s report in this annual report.

~~Item~~Factors ~~8A.~~Considered in Determining Effectiveness of Internal Controls and Procedures

~~Management's~~Our ~~Annual~~President/Chief ~~Report~~Executive onOfficer/Chief ~~Internal~~Financial ~~Control~~Officer, ~~over~~has ~~Financial~~evaluated ~~Reporting~~the effectiveness of our internal controls and procedures (as such term is defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”) as of December 31, 2016.

~~Our management is responsible for establishing and maintaining adequate internal control over financial reporting (as defined in Rule 13a-15(f) under the Exchange Act).~~18

~~Framework~~Our ~~used~~internal controls over financial reporting are designed by, ~~Management~~or tounder ~~Evaluate~~the supervision of, our President/Chief Executive Officer/Chief Financial Officer, or persons performing similar functions, and effected by our board of directors, management and other personnel, and provide reasonable assurance regarding the ~~Effectiveness~~reliability of ~~Internal~~financial ~~Controls~~reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. Our internal control over ~~Financial~~financial ~~Reporting~~reporting includes those policies and procedures that provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, that our receipts, expenditures and business transactions are being made in accordance with authorizations of our management and directors and that all of our reporting obligations are met.

IManagement’s ~~maintain~~Assessment ~~internal~~of ~~controls and procedures that are designed to ensure that information required to be disclosed in our filings under~~ the ~~Exchange~~Effectiveness ~~Act~~of isDisclosure ~~recorded,~~Controls ~~processed,~~over ~~summarized~~Financial ~~and~~Reporting ~~reported~~as ~~within the periods specified in the rules and forms~~ of ~~the~~December ~~SEC. This~~31, information is accumulated and communicated to our executive officers to allow timely decisions regarding required disclosure within certain policies and procedures. These policies and procedures include:2018

Management conducted an evaluation of the effectiveness of our disclosure control over financial reporting and determined that our disclosure control over financial reporting was effective as of December 31, 2019. In the future, management will review the form of the 10-K to ensure that the affirmations meet the disclosure affirmation requirements and the internal control affirmation requirements. Measures have been taken to ensure any weakness in disclosure controls is remedied, principally by input from the Company’s legal securities counsel with respect to the disclosure obligations of the Company and from adequate allocation of resources.

~~maintenance of records in reasonable detail to accurately and fairly reflect the transactions and dispositions of assets;~~19

-PART III

~~provide~~Item ~~reasonable~~9. ~~assurance~~Directors, ~~that~~Executive ~~transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles~~Officers, ~~and~~Promoters ~~that receipts~~ and ~~expenditures~~Control are being made only in accordance with authorizations of management and directors, and provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of assets that could have a material effect on our financial statements.Persons;

~~For~~Compliance ~~the~~with ~~year~~Section ~~ended December 31, 2018 management has relied on the Committee of Sponsoring Organizations of the Treadway Commission~~ 16(~~COSO~~a), anof ~~Internal Control - Integrated Framework issued in 1992, to evaluate~~ the ~~effectiveness~~Exchange ~~of our internal control over financial reporting.~~Act

Management’s Assessment of the Effectiveness of Internal Controls over Financial Reporting as of December 31, 2018

Name of Director		Age		Office
Wilson Russell, PhD		73		President and Principal Financial Officer

~~Management~~Item ~~conducted~~10. anExecutive ~~evaluation of the effectiveness of our internal control over financial reporting and determined that our internal control over financial reporting was effective as of December 31, 2018.~~compensation

7During the year 2019 the Company paid or accrued as payable $120,000 (2018 $120,000; 2017 $105,000) to Wilson Russell, the Company’s President, for his services.

~~Attestation~~Item ~~Report~~11. Security Ownership of ~~the~~Certain ~~Registered~~Beneficial ~~Accounting~~Owners ~~Firm~~and Management

This annual report does not include an attestation report of the Company’s registered public accounting firm regarding internal control over financial reporting. Management’s report was not subject to attestation by the Company’s registered public accounting firm pursuant to temporary rules of the SEC that permit the Company to provide only management’s report in this annual report.

Class	Name and Address	Number of Shares	Percentage of Shares*

Common	Wilson Russell	9,014,721	7.05%
	4308 Musqueam Drive
	Vancouver, B.C.
	Canada V6N 3R7

Common	All officers and directors as a group:	9,014,721	7.05%

~~Factors~~*Based ~~Considered~~on in127,838,231 ~~Determining~~shares ~~Effectiveness~~ of ~~Internal~~common ~~Controls~~stock issued and ~~Procedures~~outstanding December 31, 2019

~~Our~~Item ~~President/Chief~~12. ~~Executive~~Certain ~~Officer/Chief~~Relationships ~~Financial Officer, has evaluated the effectiveness of our internal controls~~ and ~~procedures~~Related ~~(as such term is defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”) as of December 31, 2016.~~Transactions

Our internal controls over financial reporting are designed by, or under the supervision of, our President/Chief Executive Officer/Chief Financial Officer, or persons performing similar functions, and effected by our board of directors, management and other personnel, and provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. Our internal control over financial reporting includes those policies and procedures that provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, that our receipts, expenditures and business transactions are being made in accordance with authorizations of our management and directors and that all of our reporting obligations are met.None

~~Management’s~~Item ~~Assessment~~13. ofExhibits ~~the~~and ~~Effectiveness~~Reports ofon ~~Disclosure~~Form ~~Controls over Financial Reporting as of December 31, 2018~~8-K

~~Management~~No ~~conducted~~change an evaluation of the effectiveness of our disclosure control over financial reporting and determined that our disclosure control over financial reporting was effective as of December 31, 2018. In the future, management will review the form of the 10-K to ensure that the affirmations meet the disclosure affirmation requirements and the internal control affirmation requirements. Measures have been taken to ensure any weakness in ~~disclosure~~exhibits ~~controls~~since isprevious ~~remedied, principally by input from the Company’s legal securities counsel with respect to the disclosure obligations of the Company and from adequate allocation of resources~~filing.

~~PART~~No ~~III~~Form 8K was filed during the fourth quarter of 2019.

Item 914. ~~Directors,~~Principal ~~Executive~~Accountants ~~Officers,~~Fees ~~Promoters~~ and ~~Control Persons;~~Services

~~Compliance~~During ~~with~~2019, ~~Section~~the 16Company’s auditors received approximately $17,095 in remuneration for audit and related (aquarterly review) ofservices. No other services were provided to the ~~Exchange~~Company ~~Act~~by its auditors and principal accountants.

Name of Director		Age		Office
Wilson Russell, PhD		73		President and Principal Financial Officer

During the year 2018 the Company’s auditors received approximately $16,000 in remuneration for audit and related services. No other services were provided to the Company by its auditors and principal accountants

8During the year 2017 the Company’s auditors received approximately $29,000 in remuneration for audit and related services. No other services were provided to the Company by its auditors and principal accountants

~~Item~~During 10the year 2016 the Company’s auditors received approximately $16,500 in remuneration for audit and related services. ~~Executive~~No ~~compensation~~other services were provided to the Company by its auditors and principal accountants

~~During the year 2018 the Company paid or accrued as payable $120,000 (2017 $105,000; 2016 $85,000) to Wilson Russell, the Company’s President, for his services.~~20

~~Item~~During 11the year 2015 the Company’s auditors received approximately $6,250 in remuneration for audit and related services. ~~Security~~No ~~Ownership~~other ofservices ~~Certain~~were ~~Beneficial~~provided ~~Owners~~to the Company by its auditors and ~~Management~~principal accountants.

Class	Name and Address	Number of Shares	Percentage of Shares*
Common	Wilson Russell	9,014,721	7.05%
	3959 36th Ave. W
	Vancouver, B.C.
	Canada V6N 2S7
Common	All officers and directors as a group:	9,014,721	7.05%

During the years 2012, 2013 and 2014 the Company’s auditors received approximately $15,000 in remuneration for audit and related services. No other services were provided to the Company by its auditors and principal accountants.

*BasedDuring ~~on 127~~2011,~~838,231~~ ~~shares~~the ofCompany’s ~~common~~auditors ~~stock~~and ~~issued~~principal ~~and~~accountants ~~outstanding~~received ~~December~~approximately 31$98,113 ~~2018~~in remuneration for audit and related (quarterly review) services. No other services were provided to the Company by its auditors and principal accountants.

~~Item~~During 122010, the Company’s auditors and principal accountants received approximately $100,000 in remuneration for audit and related (quarterly review) services. ~~Certain~~No ~~Relationships~~other services were provided to the Company by its auditors and ~~Related~~principal ~~Transactions~~accountants.

~~None~~During 2009, the Company’s auditors and principal accountants received approximately $96,382 in remuneration for audit and related (quarterly review) services. No other services were provided to the Company by its auditors and principal accountants.

~~Item~~During ~~13.~~2008, ~~Exhibits~~the Company’s auditors received approximately $44,900 in remuneration for audit and ~~Reports~~related on(quarterly ~~Form~~review) ~~8-K~~services. No other services were provided to the Company by its auditors and principal accountants.

~~No change in exhibits since previous filing.~~21

~~No Form 8K was filed during the fourth quarter of 2018.~~SIGNATURES

~~Item~~Pursuant ~~14.~~to ~~Principal~~the ~~Accountants~~requirements ~~Fees~~of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and ~~Services~~in the capacities and on the dates indicated.

~~During~~Northstar ~~the year 2018 the Company’s auditors received approximately $16~~Electronics,~~000~~ ~~in remuneration for audit and related services~~Inc. ~~No other services were provided to the Company by its auditors and principal accountants~~

During the year 2017 the Company’s auditors received approximately $29,000 in remuneration for audit and related services. No other services were provided to the Company by its auditors and principal accountants(Registrant)

During the year 2016 the Company’s auditors received approximately $16,500 in remuneration for audit and related services. No other services were provided to the Company by its auditors and principal accountants

By (Signature and Title):
	/s/ WILSON RUSSELL
Date: April 27, 2020	Wilson Russell, PhD,
	Chief Executive Officer and Chief Financial Officer

During the year 2015 the Company’s auditors received approximately $6,250 in remuneration for audit and related services. No other services were provided to the Company by its auditors and principal accountants.22

During 2011, the Company’s auditors and principal accountants received approximately $98,113 in remuneration for audit and related (quarterly review) services. No other services were provided to the Company by its auditors and principal accountants.

During 2010, the Company’s auditors and principal accountants received approximately $100,000 in remuneration for audit and related (quarterly review) services. No other services were provided to the Company by its auditors and principal accountants.

During 2009, the Company’s auditors and principal accountants received approximately $96,382 in remuneration for audit and related (quarterly review) services. No other services were provided to the Company by its auditors and principal accountants.

During 2008, the Company’s auditors received approximately $44,900 in remuneration for audit and related (quarterly review) services. No other services were provided to the Company by its auditors and principal accountants.

During 2007, the Company’s auditors received approximately $52,300 in remuneration for audit and related (quarterly review) services. No other services were provided to the Company by its auditors and principal accountants.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

Northstar Electronics, Inc.

(Registrant)

By (Signature and Title):	/s/ WILSON RUSSELL
Date April 1, 2019	Wilson Russell, PhD,
	Chief Executive Officer and Chief Financial Officer

Filing Compare · NORTHSTAR ELECTRONICS INC