UNITED STATES

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 10-Q

(Mark One)

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended August 31, 2015

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the ~~quarterly~~transition period ~~ended~~from ~~May~~________ ~~31,~~to ~~2015~~________

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

For the transition period from ________ to ________

COMMISSION FILE NUMBER 000-54211

IMK GROUP, INC.
(Exact name of registrant as specified in its charter)
DELAWARE		56-2495218
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)
22 Fl. KGIT, 1601 SanAm-Dong
Mapo-Gu, Seoul, Korea		1601
(Address of principal executive offices)		(Zip Code)
02-6959-8500
(Registrant's telephone number, including area code)
Not Applicable
(Former name, former address and former fiscal year, if changed since last report)

IMK GROUP, INC.

(Exact name of registrant as specified in its charter)

DELAWARE		56-2495218
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)

22 Fl. KGIT, 1601 SanAm-Dong
Mapo-Gu, Seoul, Korea		1601
(Address of principal executive offices)		(Zip Code)

02-6959-8500
(Registrant's telephone number, including area code)

Not Applicable
(Former name, former address and former fiscal year, if changed since last report)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. ☒ Yes ☐ No

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

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

Large accelerated filer ☐	Accelerated filer ☐
Non-accelerated filer ☐ (Do not check if a smaller reporting company)	Smaller reporting company ☒

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

Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date: As of ~~August~~October 2614, 2015, the Registrant had 31,599,926 shares of common stock outstanding.

PART I - FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS.

The accompanying unaudited financial statements have been prepared in accordance with the instructions to Form 10-Q and Rule 8-03 of Regulation S-X, and, therefore, do not include all information and footnotes necessary for a complete presentation of financial position, results of operations, cash flows, and stockholders' equity in conformity with generally accepted accounting principles. In the opinion of management, all adjustments considered necessary for a fair presentation of the results of operations and financial position have been included and all such adjustments are of a normal recurring nature. Operating results for the three and six months ended ~~May~~August 31, 2015 are not necessarily indicative of the results that can be expected for the year ending February 2829, 2016.

As used in this Quarterly Report, the terms “we,” “us,” “our,” “IMK Group,” and the “Company” mean IMK Group, Inc. together with its subsidiaries unless otherwise indicated. All dollar amounts in this Quarterly Report are expressed in U.S. dollars, unless otherwise indicated.

IMK GROUP, INC.

(FORMERLY FUTURA PICTURES, INC.)

CONDENSED CONSOLIDATED BALANCE SHEETS

(UNAUDITED – EXPRESSED IN US DOLLARS)

	May 31, 2015			February 28, 2015
	August 31, 2015			February 28, 2015
				(Audited)
ASSETS
Cash	$	595,~~555~~518		$	~~884~~855,~~643~~109
Accounts receivable, net		5,819			6,688
Inventory		9,961			-
Inventory		1,798			-
Prepaid expenses		3,008			-
Prepaid expenses		41,786			-
Taxes recoverable		3,243			-
Taxes recoverable		3,453			-
Assets held for sale		-			36,222
Deposits		8984,~~900~~500			-
Property and equipment		~~107~~101,~~880~~400			-
TOTAL ASSETS	$	~~310~~207,~~191~~630		$	891,331
LIABILITIES
Accrued expenses	$	~~122~~136,~~258~~488		$	9055,~~042~~267
Unearned revenue		15,324			1,300
Liabilities held for sale		-			324,075
Accrued interest – related party		-			64,779
Advances due to related party		52,264			62,009
Advances due to related party		53,367			62,009
Convertible debenture		169,000			-
Loan payable – related party		-			223,221
TOTAL LIABILITIES		357,752			441,351
TOTAL LIABILITIES		190,949			441,351
STOCKHOLDERS’ EQUITY
Common stock, par value $0.0001 per share, Authorized – 100,000,000 shares, Issued and outstanding – 31,599,926 and 30,715,420 shares, respectively		3,159			3,071
Additional paid-in capital		1,258,969			1,234,052
Accumulated other comprehensive loss		(23,~~210~~525	)		-
Accumulated deficit		(1,~~140~~408,~~676~~725	)		(787,143	)
TOTAL STOCKHOLDERS’ EQUITY		119,242			449,980
TOTAL STOCKHOLDERS’ (DEFICIT) EQUITY		(150,122	)		449,980
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	~~310~~207,~~191~~630		$	891,331

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

IMK GROUP, INC.

(FORMERLY FUTURA PICTURES, INC.)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

FOR THE THREE AND SIX MONTHS ENDED ~~MAY~~AUGUST 31, 2015 AND 2014

(UNAUDITED – EXPRESSED IN US DOLLARS)

	2015			2014
	For the Three Months Ended August 31, 2015			For the Three Months Ended August 31, 2014			For the Six Months Ended August 31, 2015			For the Six Months Ended August 31, 2014
REVENUE	$	1211,~~031~~739		$	~~12,227~~-		$	12,649		$	-
COST OF REVENUE		~~820~~-			~~554~~-			820			-
GROSS PROFIT		11,~~211~~739			~~11,673~~-			11,829			-
OPERATING EXPENSES
Selling, general and administrative		~~364~~290,~~518~~405			317,~~132~~850			599,286			13,400
TOTAL OPERATING EXPENSES		~~364~~290,~~518~~405			317,~~132~~850			599,286			13,400
LOSS FROM OPERATIONS		(~~353~~278,~~307~~666	)		(197,~~459~~850	)		(587,457	)		(13,400	)
OTHER (EXPENSE)
OTHER EXPENSE		(175	)		-			(173	)		-
Other income		2			2,857
NET LOSS FROM CONTINUING OPERATIONS		(278,841	)		(7,850	)		(587,630	)		(13,400	)
Interest expense		(228	)		(4,119	)
NET EARNINGS/(LOSS) FROM DISCONTINUED OPERATIONS		10,792			(37,628	)		(33,952	)		(53,599	)
TOTAL OTHER (EXPENSE)		(226	)		(1,262	)
NET LOSS	$	(268,049	)	$	(45,478	)	$	(621,582	)	$	(66,999	)
LOSS BEFORE INCOME TAXES		(353,533	)		(20,721	)
Foreign currency translation		(1,315	)		-			(3,525	)		-
Income tax expense		-			800
COMPREHENSIVE LOSS	$	(269,364	)	$	(45,478	)	$	(625,107	)	$	(66,999	)
NET LOSS	$	(353,533	)	$	(21,521	)
LOSS PER COMMON SHARE
Foreign currency translation		(2,210	)		-
Continuing operations (Basic and diluted)		(0.01	)		(0.01	)		(0.02	)		(0.01	)
COMPREHENSIVE LOSS	$	(355,743	)	$	(21,521	)
Discontinued operations (Basic and diluted)		-			(0.02	)		-			(0.03	)
NET LOSS PER COMMON SHARE	$	(0.01	)	$	(0.03	)	$	(0.02	)	$	(0.04	)
Basic and diluted	$	(0.01	)	$	(0.01	)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING
Basic and diluted		31,599,926			1,599,750			31,556,662			1,599,750
Basic and diluted		31,513,398			1,599,750

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

IMK GROUP, INC.

(FORMERLY FUTURA PICTURES, INC.)

CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS’ EQUITY (DEFICIT)

FOR THE ~~THREE~~SIX MONTHS ENDED ~~MAY~~AUGUST 31, 2015

(UNAUDITED – EXPRESSED IN US DOLLARS)

	Common Stock				Additional Paid-in		Accumulated Other Comprehensive			Accumulated			Total Stockholders’ Equity
	Shares		Amount		~~Paid-in~~ Capital		~~Comprehensive~~ Loss			~~Accumulated~~ Deficit			~~Stockholders’ Equity~~(Deficit)
Balance, March 1, 2015		30,715,420	$	3,071	$	1,234,052	$	-		$	(787,143	)	$	449,980
Issuance of common stock, net of expenses		884,506		88		24,917		-			-			25,005
Foreign currency translation		-		-		-		(23,~~210~~525	)		-			(23,~~210~~525	)
Net loss for the three month ended May 31, 2015		-		-		-		-			(353,533	)		(353,533	)
Net loss for the six months ended August 31, 2015		-		-		-		-			(621,582	)		(621,582	)
Balance, May 31, 2015		31,599,926	$	3,159	$	1,258,969	$	(2,210	)	$	(1,140,676	)	$	119,242
Balance, August 31, 2015		31,599,926	$	3,159	$	1,258,969	$	(3,525	)	$	(1,408,725	)	$	(150,122	)

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

IMK GROUP, INC.

(FORMERLY FUTURA PICTURES, INC.)

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

FOR THE ~~THREE~~SIX MONTHS ENDED ~~MAY~~AUGUST 31, 2015 AND 2014

(UNAUDITED – EXPRESSED IN US DOLLARS)

	2015			2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$	(~~353~~621,~~533~~582	)	$	(2166,~~521~~999	)
Losses from discontinued operations, net of tax		33,952			53,599
Bad debt expense – discontinued operations		348			-
Gain on sale of business – discontinued operations		(24,326	)		-
Net loss from continuing operations		(611,608	)		(13,400	)
Adjustments to reconcile net loss to net cash used by operating activities:
Contributed services		-			15,800
Bad debt expense		348			1,928
Changes in operating assets and liabilities:
Accounts receivable		521			(4,063	)
Inventory		(9,961	)		-
Inventory		(1,798	)		-
Prepaid expenses		(3,008	)		-
Prepaid expenses		(41,786	)		-
Taxes recoverable		(3,243	)		-
Taxes recoverable		(3,453	)		-
Accrued expenses		81,221			12,175
Accrued expenses		32,216			4,248
Cash used by operating activities – continuing operations		(546,599	)		(1,225	)
Accrued interest		(64,779	)		-
Cash used by operating activities – discontinued operations		(74,606	)		(38,345	)
Unearned revenue		14,024			-
NET CASH USED BY OPERATING ACTIVITIES		(621,205	)		(39,570	)
NET CASH USED BY OPERATING ACTIVITIES		(418,240	)		(3,608	)
CASH FLOWS FROM INVESTING ACTIVITIES:
Equipment purchases		(106,920	)		-
Deposits paid		(8984,~~900~~500	)		-
NET CASH USED BY INVESTING ACTIVITIES		(~~196~~191,~~820~~420	)		-
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from the sale of common stock		25,005			-
Proceeds from loan payable – related party		18,358			-
Proceeds from convertible debenture		169,000			-
Repayment of loan payable – related party		(~~250~~9,~~221~~745	)		~~(1,850~~-	)
NET CASH USED BY FINANCING ACTIVITIES		(206,858	)		(1,850	)
Cash provided by financing activities – continuing operations		184,260			-
NET DECREASE IN CASH		(821,918	)		(5,458	)
Cash provided by (used by) financing activities – discontinued operations		(223,221	)		35,650
FOREIGN-CURRENCY EFFECT ON CASH		(3,170	)		-
NET CASH PROVIDED BY (USED BY) FINANCING ACTIVITIES		(38,961	)		35,650
CASH AT THE BEGINNING OF THE PERIOD		884,643			6,855
NET DECREASE IN CASH		(851,586	)		(3,920	)
CASH AT THE END OF THE PERIOD	$	59,555		$	1,397
FOREIGN CURRENCY EFFECT ON CASH		1,995			-
CASH AT THE BEGINNING OF THE PERIOD		855,109			6,855
CASH AT THE END OF THE PERIOD	$	5,518		$	2,935
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Interest paid	$	64,779		$	258
Interest paid – discontinued operations	$	300		$	557
Taxes paid	$	-		$	-
Taxes paid – discontinued operations	$	-		$	800

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

IMK GROUP, INC.

(FORMERLY FUTURA PICTURES, INC.)

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

~~MAY~~AUGUST 31, 2015

NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Organization and Nature of Business

IMK GROUP, INC. (formerly Futura Pictures, Inc. (the “Company”)) was incorporated under the laws of the state of Delaware on December 10, 2003. The Company was formed to engage in the production and the co-financing of films, documentaries and similar products produced solely for distribution directly to the domestic and international home video markets.

As a result of not being able to raise the necessary funds to either co-finance or produce any motion pictures, management changed the Company’s business plan to that of producing and distributing self-improvement/educational DVDs and workforce training programs.

Effective January 1, 2011, pursuant to an Asset Transfer, Assignment and Assumption Agreement, the Company acquired from Progressive Training, Inc. all of its assets and liabilities related to Progressive’s workforce training business.

On February 27, 2015 under the terms of a Securities Purchase Agreement among and between the Company, Buddy Young, the Young Family Trust (the “Trust”), Sung-Ho Park, Jae-Min Oh and Rak-Gu Kim dated February 16, 2015 and as amended by Amendment No. 1 to Securities Purchase Agreement dated February 20, 2015 (as amended, the “Securities Purchase Agreement”), Messrs. Park, Oh and Kim purchased from the Trust a total of 1,070,000 common shares of the Company at a price of $0.025234 per share or $27,000 in the aggregate, resulting in a change of control.

Effective March 13, 2015, the Company amended its articles of incorporation to change its name to IMK Group, Inc.

On March 6, 2015, the Company incorporated a wholly owned subsidiary, IMK Korea Co. Ltd (“IMK Korea”), which is to engage in the commercial manufacturing and distribution of a line of cosmetics products based on Pinux, an extract from the Pinus Radiata tree bark. IMK Korea will seek to distribute these cosmetic lines to skin clinics inand hospitals in Seoul, Korea, as well as beauty shops located in Korea, China, Hong Kong and Vietnam.

On June 22, 2015, the Company entered into an Asset Purchase and Sale Agreement (the “Agreement”) with Buddy Young, pursuant to which the Company agreed to sell all of its right, title and interest in and those assets exclusively related to the Company’s business of producing and distributing self-improvement, educational and workforce training videos (the “Legacy Business”). Under the terms of the Agreement, the Company agreed to grant, convey, assign and transfer all of the assets exclusively related to the Legacy Business to Mr. Young, in exchange for Mr. Young assuming all of the liabilities of the Company exclusively related to the Legacy Business. By completing the sale of the Legacy Business to Mr. Young, the Company expects to be able to better focus its resources on the development of its cosmetics business and other related ventures. The results of operations attributable to the Legacy Business are reported in the Company’s condensed consolidated financial statements as discontinued operations. Additionally, the Legacy Business balance sheet positions as of February 28, 2015 have been reclassified as Assets and Liabilities held for sale in the condensed consolidated balance sheets.

The Company is currently focusing its business efforts on the development of its cosmetics and health and wellness business. However, as part of the Company’s efforts to obtain financing, management is currently examining all of the options available to the Company. In the future, this could include changes to the Company’s business plans or to the nature of the business.

Unclassified Balance Sheet

The Company has elected to present an unclassified balance sheet.

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make certain estimates and assumptions that affect the reported amounts and timing of revenues and expenses, the reported amounts and classification of assets and liabilities, and the disclosure of contingent assets and liabilities. These estimates and assumptions are based on the Company's historical results as well as management's future expectations. The Company's actual results could vary materially from management's estimates and assumptions. Additionally, interim results may not be indicative of the Company’s results for future interim periods, or the Company’s annual results.

Disclosure About Fair Value of Financial Instruments

The Company estimates that the fair value of all financial instruments at May 31, 2015 and February 28, 2015 do not differ materially from the aggregate carrying values of its financial instruments recorded in the accompanying condensed consolidated balance sheets. The estimated fair value amounts have been determined by the Company using available market information and appropriate valuation methodologies. Considerable judgment is required in interpreting market data to develop the estimates of fair value, and accordingly, the estimates are not necessarily indicative of the amounts that the Company could realize in a current market exchange.

Disclosure About Fair Value of Financial Instruments

The Company estimates that the fair value of all financial instruments at August 31, 2015 and February 28, 2015 do not differ materially from the aggregate carrying values of its financial instruments recorded in the accompanying condensed consolidated balance sheets. The estimated fair value amounts have been determined by the Company using available market information and appropriate valuation methodologies. Considerable judgment is required in interpreting market data to develop the estimates of fair value, and accordingly, the estimates are not necessarily indicative of the amounts that the Company could realize in a current market exchange.

Concentrations and Credit Risk

~~Financial~~Prior to the sale of the Legacy Business on June 22, 2015, the financial instruments that potentially ~~subject~~subjected the Company to significant concentration of credit risk ~~consist~~consisted primarily of accounts receivable. As part of the sales agreement, all of the assets exclusively related to the Legacy Business including accounts receivable was transferred to the purchaser effectively reducing the Company’s credit risk.

Three customers represented approximately 44% (11%, 13% and 20%) of total gross accounts receivable as of May 31, 2015. Two customers represented approximately 30% (11% and 19%) of total gross accounts receivable as of February 28, 2015.

Three customers in the three month ended May 31, 2015 represented approximately 56% (14%, 15, and 27%) of total revenues for that period. Three customers in the three months ended May 31, 2014 represented approximately 53% (13%, 13% and 27%) of total revenues for that period.

No other individual customer represented greater than 10% of total revenues in the three months ended May 31, 2015 or 2014. No other individual customer balance represented more than 10% of the total gross accounts receivable at May 31, 2015 or February 28, 2015.

Revenue Recognition

Prior to June 22, 2015, the Company sold videos produced by the Company, as well as videos produced by third parties. Sales were recognized upon shipment of videos to the customer or upon website download by the customer. The products sold may not be returned by the customer. Accordingly, the Company has made no provision for returns.

The Company distributes and sells cosmetics products and recognizes revenue upon transfer of ownership of the product to the customer which occurs when (i) the product is physically received by the customer, (ii) an invoice is generated which evidences an arrangement between the customer and us, (iii) a fixed sales price has been included in such invoice and (iv) collection from such customer is reasonably assured.

The Company also provides consulting services in relation to the marketing of cosmetics products and recognizes revenue upon delivery of services to the customer which occurs when (i) the services are rendered to the customer, (ii) an invoice is generated which evidences an arrangement between the customer and us, (iii) a fixed sales price has been included in such invoice and (iv) collection from such customer is reasonably assured.

Accounts Receivable and Allowance for Doubtful Accounts

The Company establishes the allowance for doubtful accounts based on its assessment of the collectability of individual customer accounts. The adequacy of these allowances is regularly reviewed by considering internal factors such as historical experience, credit quality and age of the receivable balances as well as external factors such as economic and political conditions that may affect a customer's ability to pay, historical default rates, and long-term historical loss rates published by major third-party credit-rating agencies. The Company also considers the concentration of receivables outstanding with a particular customer in assessing the adequacy of its allowances. An allowance for doubtful accounts is provided for at the point it is probable that the receivable is uncollectible. ~~An allowance for doubtful accounts amounting to $8,880 and $8,880 is recorded as of May 31, 2015 and February 28, 2015, respectively.~~ The Company does not require collateral to support its accounts receivable nor does it accrue interest thereon.

Production Costs

The Company expensed production costs as incurred when the costs were related to videos where there was no historical revenue to aid the Company in accurately forecasting revenues to be earned on the related videos.

Value of Stock Issued for Services

The Company periodically issues shares of its common stock in exchange for, or in settlement of, services. The Company’s management values the shares issued in such transactions at either the then market price of the Company’s common stock, as determined by the Board of Directors and after taking into consideration factors such as volume of shares issued or trading restrictions, or the value of the services rendered, whichever is more readily determinable.

Foreign Currency Gains and Losses

Our functional and reporting currency is the United States dollar. The functional currency of IMK Korea is the South Korean Won (SKW). Financial statements of IMK Korea are translated into United States dollars using period-end rates of exchange for assets and liabilities, and average rates of exchange for the period for revenues and expenses. Translation gains (losses) are recorded in accumulated other comprehensive income (loss) as a component of stockholders’ equity. Foreign currency transactions are primarily undertaken in SKW and transaction gains and losses are included in the determination of income. As of ~~May~~August 31, 2015, we have not entered into derivative instruments to offset the impact of foreign currency fluctuations.

Net Income (Loss) Per Share

Basic earnings (loss) per share is computed by dividing net income (loss) available to common stockholders by the weighted average number of common shares outstanding for the period. Diluted earnings (loss) per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock. Any anti-dilutive effects on net income (loss) per share are excluded. For the six months ended August 31, 2015, a convertible debenture was issued but potential dilution was excluded from the diluted loss per share calculation because including them would have been anti-dilutive in the period. The Company ~~has~~had no potentially dilutive securities outstanding as of the ~~three~~six months ended ~~May~~August 31, ~~2015 and~~ 2014.

Income Taxes

Provisions for income taxes are based on taxes payable or refundable for the current year and deferred taxes on temporary differences between the amount of taxable income and pretax financial income and between the tax bases of assets and liabilities and their reported amounts in the financial statements. Deferred tax assets and liabilities are included in the financial statements at currently enacted income tax rates applicable to the period in which the deferred tax assets and liabilities are expected to be realized or settled. As changes in tax laws or rates are enacted, deferred tax assets and liabilities are adjusted through the provision for income taxes.

In assessing the recoverability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon generation of future taxable income during the periods in which temporary differences such as loss carry-forwards and tax credits become deductible. Management considers projected future taxable income and tax planning strategies in making this assessment and ensuring that the deferred tax asset valuation allowance is adjusted as appropriate.

Recent Pronouncements

In August 2014, the Financial Accounting Standards Board issued Accounting Standards Update ASU No. 2014-15, “Presentation of Financial Statements - Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern” (“ASU 2014-15”), which requires management to evaluate, at each annual and interim reporting period, whether there are conditions or events that raise substantial doubt about the entity’s ability to continue as a going concern within one year after the date the financial statements are issued and provide related disclosures. ASU 2014-15 is effective for annual periods ending after December 15, 2016 and interim periods thereafter. Early application is permitted. The adoption of ASU 2014-15 is not expected to have a material effect on our financial statements or disclosures.

Going Concern

The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. On February 27, 2015, the Company issued 29,115,670 common shares of the Company for total gross proceeds of $823,099 pursuant to a private placement offering (the “Offering”). However, we now intend to focus our business development efforts in the areas of cosmetics and health and wellness services and have disposed of all the assets and liabilities exclusively related to the Legacy Business on June 22, 2015. Therefore, the Company's current financial resources are not considered adequate to fund its planned future operations. This condition raises substantial doubt about its ability to continue as a going concern. The accompanying financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

The Company's continuation as a going concern currently is dependent upon timely procuring significant external debt and/or equity financing to fund its immediate and near-term operations, and subsequently realizing operating cash flows from sales of its cosmetics products sufficient to sustain its longer-term operations and growth initiatives.

~~NOTE~~As ~~2 UNEARNED~~part ~~REVENUE~~of the Company’s efforts to obtain financing, management is currently examining all of the options available to the Company, which could include changes to the Company’s business plans or to the nature of the business in the future. As such, the historical results experienced by the Company are not expected to be reflecting of the Company’s future expenses and capital requirements, and the Company expects its operating expenses to be significantly greater than the operating expenses for prior years. In addition, because of the Company’s lack of operating history in areas other than the Legacy Business, it may be difficult for the Company to predict future operating expenses and capital requirements.

OnNOTE ~~October~~2 RELATED ~~17,~~PARTY 2012, the Company signed an agreement with EBSCO Publishing, Inc., licensing them the distribution rights to four DVD’s owned by the Company in exchange for royalties on the net revenue collected. Under the terms of the agreement, the Company received a $1,200 advance on royalties. The entire amount is classified as part of Unearned Revenue on the accompanying balance sheets as of May 31, 2015 and February 28, 2015 as there have not been any sales of the DVD reported to the Company.TRANSACTIONS

On March 19, 2015 and May 28, 2015, the Company received advances from PHILOS Co., Ltd. (“PHILOS”), to provide consulting services in relation to marketing of the “PQ-10” product line. The advances amounted to $14,024 (SKW 15,600,000) and the entire amount is classified as part of Unearned Revenue on the accompanying balance sheets as of May 31, 2015 as the consulting services were rendered subsequent to May 31, 2015.

NOTE 3 RELATED PARTY TRANSACTIONS

Prepaid Loan Commitment

On February 16, 2005, the Company’s President, Buddy Young, accepted an unsecured promissory note from the Company and agreed to lend up to $300,000 to the Company to fund any cash shortfalls through March 31, 2015. The note ~~bears~~bore interest at 8% and iswas due upon demand, no later than June 30, 2015. On February 16, 2015, the Company agreed to settle the outstanding balance at that time of $226,755 with accrued interest of $64,779 in full for the sum of $288,000 and as a result recognized a gain on extinguishment of debt of $3,534 during the year ended February 28, 2015. The outstanding balance was $223,221 and $192,604 with accrued interest of $64,779 and $47,575 as of February 28, 2015 and 2014 respectively. The settlement was paid in full on March 2, 2015.

Effective June 1, 2014, the Board of Directors agreed to a compensation amount of $12,500 per month for the period of June 1 through August 31, 2014, for Mr. Young’s services; the compensation was accrued at the end of each month and will be paid once funds become available. The Company has included these accruals in the Loan Payable – related party balance on the accompanying balance sheet as of February 28, 2015. 9

Effective June 1, 2014, the Board of Directors agreed to a compensation amount of $12,500 per month for the period of June 1 through August 31, 2014, for Mr. Young’s services; the compensation was accrued at the end of each month and was to be paid once funds became available. The Company included these accruals in the Loan Payable – related party balance on the accompanying balance sheet as of February 28, 2015, which was settled on March 2, 2015 as indicated above.

Change in Control / Securities Purchase Agreement

During the year ended February 28, 2015, a company with common directors advanced a total of $62,009 to the Company. During the ~~three~~six months ended ~~May~~August 31, 2015, repayments were made to reduce the total amount of these advances owing to $35,009. The advances are unsecured, non-interest bearing and due on demand.

Short-Term Loans

During the ~~three~~six months ended ~~May~~August 31, 2015, IMK Korea entered into a loan agreement with a company with common directors in the amount of $1817,~~358~~255 (SKW 20,420,000). The loan is unsecured, non-interest bearing and ~~due~~matures onone oryear ~~before~~from ~~August~~the ~~31,~~issue ~~2015~~date.

Management Compensation

Key management includes the directors, the Chairman, the Chief Executive Officer, the Chief Financial Officer and the former Chief Executive Officer. Compensation paid or payable to key management for services provided during the ~~three~~six months ended ~~May~~August 31, 2015 were $81113,~~205~~723 (SKW 89127,~~166~~499,~~664~~997) in salaries and $6681,000 in consulting fees.

NOTE 43 ~~STOCKHOLDERS’~~DEBT AND EQUITY FINANCING

For the three months ended May 31, 2015, the Company issued 884,506 shares of the Company's common stock at a price of $0.02827 per share for total proceeds of $25,005 pursuant to a private placement offering approved by the CompanyStockholders’s ~~Board of Directors.~~ Equity

For the six months ended August 31, 2015, the Company issued 884,506 shares of the Company's common stock at a price of $0.02827 per share for total proceeds of $25,005 pursuant to a private placement offering approved by the Company’s Board of Directors.

Convertible Debenture

On or about June 22, 2015, IMK Korea entered into a Convertible Loan Agreement (the “MBK Loan Agreement”) with MBK Co. Ltd. (“MBK”), pursuant to which MBK advanced to IMK Korea the principal sum of SKW 200,000,000 ($169,000) (the “MBK Loan”). The principal amount due under the MBK Loan is due and payable on June 22, 2016, with interest payable at a rate of 6.9% per annum, payable every six months. Upon an event of default as set forth in the MBK Loan Agreement, all amounts due and payable on account of principal and accrued but unpaid interest will become immediately due and payable, with interest accruing after such event of default at a rate of 18% per annum. Under the terms of the MBK Loan Agreement, MBK will have the right to convert the amounts outstanding into shares of our common stock at their then fair value. Fair value will be determined by future negotiations between MBK and IMK Korea.

NOTE 54 INCOME TAXES

Deferred Tax Components

Significant components of the Company’s deferred tax assets are as follows at ~~May~~August 31, 2015:

Net operating loss carry-forward	$	99110,~~055~~704
Less valuation allowance		(99110,~~055~~704	)
Net deferred tax assets, May 31, 2015	$	-
Net deferred tax assets, August 31, 2015	$	-

Summary of valuation allowance:

Balance March 1, 2014	$	61,932
Balance March 1, 2015	$	61,932
Additions for the three months ended May 31, 2015		37,123
Additions for the six months ended August 31, 2015		48,772
Balance, May 31, 2015	$	99,055
Balance, August 31, 2015	$	110,704

In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income and tax planning strategies in making this assessment.

Net Operating Loss

The Company has approximately $~~413~~459,000 in net operating loss tax carry-forwards, which expire in various years beginning in 2024.

Examination

The Company’s tax returns are open to examination for the prior three years for Federal purposes, and four years for State purposes. The Company recognizes and measures uncertain tax positions using a more-likely-than-not approach. The Company had no material uncertain tax positions at ~~May~~August 31, 2015.

NOTE ~~6 SUBSEQUENT~~5 DISCOUNTINUED ~~EVENTS~~OPERATIONS

On June 22, 2015, ~~the~~pursuant ~~Company~~to ~~entered into an Asset Purchase and Sale Agreement (~~the “Agreement~~”) with Buddy Young~~, ~~pursuant to which~~ the Company agreed to sell all of its right, title and interest in and those assets exclusively related to the Company’s ~~business of producing and distributing self-improvement, educational and workforce training videos (the “~~Legacy Business”). Under the terms of the Agreement, the Company agreed to grant, convey, assign and transfer all of the assets exclusively related to the Legacy Business to ~~Mr.~~Buddy Young, in exchange for Mr. Young assuming all of the liabilities of the Company exclusively related to the Legacy Business. By completing the sale of the Legacy Business to Mr. Young, the Company expects to be able to better focus its resources on the development of its cosmetics business and other related ventures. The results of operations attributable to the Legacy Business are reported in the Company’s condensed consolidated financial statements as discontinued operations. Additionally, the Legacy Business balance sheet positions as of February 28, 2015 have been reclassified as Assets and Liabilities held for sale in the condensed consolidated balance sheets.

OnThe ~~June~~following ~~22,~~are ~~2015,~~ the ~~Company~~summarized ~~terminated~~results ~~its consulting agreement with Mr. Young, dated February 27, 2015 (the “Consulting Agreement”). Pursuant to the terms~~ of ~~the~~discontinued ~~Consulting~~operations ~~Agreement, Mr. Young had agreed to act as an independent consultant to the Company, responsible~~ for ~~overseeing~~ the ~~Legacy~~three ~~Business~~and ~~for~~six anmonths ~~initial~~ended ~~term expiring on June 30~~August, 2015. ~~The~~and Company did not incur any early termination penalties as a result of terminating the Consulting Agreement, however, Mr. Young retained the full amount of his consulting fee for the duration of the initial term.2014:

On or about June 22, 2015, IMK Korea entered into a Convertible Loan Agreement (the “MBK Loan Agreement”) with MBK Co. Ltd. (“MBK”), pursuant to which MBK advanced to IMK Korea the principal sum of SKW 200,000,000 (approximately $168,470) (the “MBK Loan”). The principal amount due under the MBK Loan is due and payable on June 22, 2016, with interest payable at a rate of 6.9% per annum, payable every six months, with interest on overdue interest accruing at a rate of 18% per annum. Upon an event of default as set forth in the MBK Loan Agreement, all amounts due and payable on account of principal and accrued but unpaid interest will become immediately due and payable, with interest accruing after such event of default at a rate of 18% per annum. Under the terms of the MBK Loan Agreement, MBK will have the right to convert the amounts outstanding into shares of our common stock at their then fair value. Fair value will be determined by future negotiations between MBK and IMK Korea.

	For the Three Months Ended August 31, 2015			For the Three Months Ended August 31, 2014			For the Six Months Ended August 31, 2015			For the Six Months Ended August 31, 2014

Revenue	$	4,664		$	10,200		$	15,784		$	22,427
Cost of revenue		-			-			-			(554	)
Selling, general and administrative		(18,126	)		(43,176	)		(73,762	)		(68,758	)
Other income		-			-			-			2,857
Interest expense		(72	)		(4,652	)		(300	)		(8,771	)
Gain on sale of business		24,326			-			24,326			-
Income tax expense		-			-			-			(800	)
Net earnings (loss) from discontinued operations	$	10,792		$	(37,628	)	$	(33,952	)	$	(53,599	)

The major components of assets and liabilities of the Legacy businesses held for sale at August 31, 2015 and February 28, 2015 were as follows:

	August 31, 2015		February 28, 2015

ASSETS
Cash	$	-	$	29,534
Accounts receivable, net		-		6,688
Total assets held for sale	$	-	$	36,222

LIABILITIES
Accrued expenses	$	-	$	34,775
Unearned revenue		-		1,300
Accrued interest – related party		-		64,779
Advances due to related party		-		223,221
Total liabilities held for sale	$	-	$	324,075

NOTE 6 SUBSEQUENT EVENTS

On October 8, 2015, IMK Korea entered into a Loan Agreement with MBK Co. Ltd. (“MBK”), pursuant to which MBK advanced to IMK Korea the principal sum of SKW 50,000,000 (approximately $43,250). The loan is due and payable on April 7, 2016, with interest payable at a rate of 6.9% per annum, with overdue principal and interest accruing at 18% per annum.

ITEM 2.

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.

Cautionary Statement Regarding Forward-Looking Statements

The information in this Quarterly Report contains forward-looking statements. These forward-looking statements involve risks and uncertainties, including statements regarding the Company’s capital needs, business strategy and expectations. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may”, “will”, “should”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict”, “potential” or “continue”, the negative of such terms or other comparable terminology. Actual events or results may differ materially. In evaluating these statements, you should consider various factors, including the risks outlined from time to time, in other reports the Company files with the Securities and Exchange Commission (the “SEC”).

The forward-looking statements in this Quarterly Report on Form 10-Q for the interim period ended ~~May~~August 31, 2015, are subject to risks and uncertainties that could cause actual results to differ materially from the results expressed in or implied by the statements contained in this report. As a result, the identification and interpretation of data and other information and their use in developing and selecting assumptions from and among reasonable alternatives requires the exercise of judgment. To the extent that the assumed events do not occur, the outcome may vary substantially from anticipated or projected results, and accordingly, no opinion is expressed on the achievability of those forward-looking statements. No assurance can be given that any of the assumptions relating to the forward-looking statements specified in the following information are accurate.

All forward-looking statements are made as of the date of the filing of this Quarterly Report on Form 10-Q and the Company disclaims any obligation to publicly update these statements, or disclose any difference between its actual results and those reflected in these statements. The Company may, from time to time, make oral forward-looking statements. The Company strongly advises that the above paragraphs and the risk factors described in this Quarterly Report and in the Company’s other documents filed with the SEC should be read for a description of certain factors that could cause the actual results of the Company to materially differ from those in the oral forward-looking statements. The Company disclaims any intention or obligation to update or revise any oral or written forward-looking statements whether as a result of new information, future events or otherwise.

The discussion provided in this Quarterly Report should be read in conjunction with our Annual Report on Form 10-K for the year ended February 28, 2015 filed with the SEC on July 29, 2015.

OVERVIEW

We were incorporated on December 10, 2003 under the laws of the State of Delaware under the name Futura Pictures, Inc. Effective March 13, 2015, we changed our name to IMK Group, Inc.

From 2008 to June 2015 we were engaged in the business of producing and distributing self-improvement and educational DVD’s and workforce training programs.

In March 2015, we announced our intention to change our business to the commercial manufacturing, distribution and marketing of cosmetics products and formed a wholly owned subsidiary, IMK Korea Co. Ltd (“IMK Korea”) under the laws of the Republic of Korea for that purpose. In addition, we have future plans to offer health and wellness services and to develop and build a wealth and wellness resort and spa. As reflected in our results of operations for the period ended August 31, 2015, we are currently still in the process of pursuing our business development efforts in these areas. However, as part of our efforts to obtain financing for our business development efforts, our management is reviewing all of the options available to us. In the future, this could include changes to our business plans or to the nature of our business. See “Risk Factors” under Part II, Item 1A of this quarterly report on Form 10-Q.

In June 2015, we sold our self-improvement, educational and workforce training DVD and programs business so that we could better focus our available resources on the development of our cosmetics and health and wellness business.

1213

RECENT CORPORATE DEVELOPMENTS

The following significant developments occurred since our fiscal quarter ended May 31, 2015:

RESULTS OF OPERATIONS

On June 22, 2015, we disposed of all our assets, and assigned all of our liabilities, that were exclusively related to our self-improvement, educational and workforce training business (the “Legacy Business”). Our current business focus is on the development of our cosmetics and health and wellness services business. However, as part of our efforts to obtain financing for our business development efforts, our management is reviewing all of the options available to us. In the future, this could include changes to our business plans or to the nature of our business. See “Risk Factors” under Part II, Item 1A of this quarterly report on Form 10-Q. As a result, our results of ~~operation~~operations for the ~~quarter~~interim periods ended ~~May~~August 31, 2015 and ~~May~~August 31, 2014 are not expected to be indicative of our future results or performance.

Revenues

Our revenues for the three months ended May 31, 2015 were $12,031, which were consistent with the revenues of $12,227 for the three months ended May 31, 2014. $911 of revenues during the three months ended May 31, 2015 were related to distribution of cosmetics products.

The cost of revenues during the three month period ended May 31, 2015 was $820. The cost of revenues during the three months ended May 31, 2014 was $554. The cost of revenues for the three months ended May 31, 2015 was higher, because the Company started distributing cosmetics products at near cost for promotional purposes during the current quarter.

We have not yet earned any significant revenue from the commercial manufacture, distribution or sale of cosmetics products, and there is no assurance that we will earn any significant revenue from this business in the future.

Three-Month Period Ended August 31, 2015 Compared to Three-Month Period Ended August 31, 2014

Revenues

Our revenues for the three months ended August 31, 2015 were $11,739, which were derived from consulting services provided in relation to the marketing of cosmetics products. See “Revenue Recognition” under “Critical Accounting Policies.” We did not earn any revenue from the distribution or sale of cosmetics products during the three month period ended August 31, 2015.

Revenues of $4,664 (2014 – $10,200) which were attributable to the Legacy Business during the three months ended August 31, 2015 were included in the net earnings/(loss) from discontinued operations in the Company’s condensed consolidated statements of operations. The decrease of $5,536 in revenue was mainly the result of a shorter operating period due to the disposal of the Legacy Business on June 22, 2015.

Expenses

Selling, general and administrative expenses ~~were $364,518~~ during the three month period ended ~~May~~August 31, 2015 aswere $290,405, compared to a total of $317,~~132~~850 not attributable to the Legacy Business during the ~~comparative~~three ~~period~~months ended ~~May~~August 31, 2014. The increase was primarily due to increased operations through IMK Korea, which incurred selling, general and administrative expenses of $~~219~~217,~~903~~870. In addition, we paid $45,000 in consulting fees to our former CEO, Buddy Young, for services rendered under the terms of a consulting agreement during the current quarter and incurred legal and administrative expenses of $26,076 in relation to the completion of that Securities Purchase Agreement dated February 16, 2015 among us, Mr. Young, the Young Family Trust, Sung Ho Park, Jae Min Oh and Rak Gu Kim (the “Securities Purchase Agreement”).

~~Selling~~To ~~and~~date, ~~marketing~~our expenses ~~were~~have ~~$5,487~~consisted ~~for~~mainly ~~the~~of ~~three months ended May 31~~selling, ~~2015~~general asand ~~compared~~administrative ~~to $1~~expenses,~~844~~ ~~for~~with the ~~three~~main ~~months~~components ~~ended~~being ~~May~~salary 31expenses, ~~2014.~~professional ~~The increase was due to a one-time marketing cost paid to enhance awareness of the self-improvement, educational~~ and ~~workforce~~consulting ~~training business~~services.

~~During~~The ~~the three months ended May 31~~selling, ~~2015, we incurred a total of $359,031 in~~ general and administrative expenses~~. This~~ ~~consisted~~of ~~primarily~~$18,126 of(2014 – $~~165~~43,~~363~~176) inwhich ~~salary~~were ~~expenses~~attributable ~~and~~to ~~professional~~the ~~fees~~Legacy ~~incurred~~Business byduring ~~IMK~~the ~~Korea~~three ~~and~~months ~~$118~~ended August 31,~~736~~ of2015 ~~professional~~were ~~fees~~included ~~and~~in ~~consulting~~the ~~services~~net ~~incurred~~earnings/(loss) byfrom ~~us.~~discontinued ~~During~~operations in the ~~same~~Company’s ~~period~~condensed inconsolidated ~~2014,~~statements weof ~~incurred~~operations. aThe ~~total~~decrease of $2925,~~288~~050 in ~~general and administrative~~ expenses. ~~This~~was ~~consisted~~mainly ~~primarily~~the ofresult ~~$15,800~~ of ~~contributed~~a ~~services~~shorter byoperating ~~our~~period ~~former~~due ~~CEO,~~to ~~Buddy~~the ~~Young.~~disposal Weof ~~valued~~ the ~~contributed~~Legacy ~~services~~Business ~~from~~on ~~Buddy~~June ~~Young~~22, ~~at $100 per hour~~2015.

WeGain ~~incurred~~from ~~$228 and $4,119 in interest expense during~~ the ~~three~~Sale ~~months~~of ended May 31, 2015 and May 31, 2014, respectively. Of these amounts, $nil and $3,861 related to the interest charges we incurred on our loan from Buddy Young in each period, respectively. The remaining interest expense relates to a company credit card.Business

~~During~~On ~~the~~June ~~next~~22, ~~twelve months~~2015, we ~~intend~~disposed toof ~~focus~~all our ~~business~~assets ~~efforts~~and onassigned ~~the~~all ~~development~~ of our ~~cosmetics~~liabilities ~~and~~that ~~health~~were ~~and~~exclusively ~~wellness~~related ~~business.~~to Asthe ~~such~~Legacy Business, ~~our~~to ~~historical~~Buddy ~~results~~Young, ~~are~~in ~~not~~exchange ~~expected~~for toMr. beYoung ~~reflecting~~assuming all of ~~our~~the ~~future~~liabilities ~~expenses~~of ~~and~~the ~~capital~~Company ~~requirements.~~exclusively Asrelated weto ~~pursue~~ the ~~development~~Legacy ofBusiness. ~~this~~As ~~business,~~at weJune ~~expect~~22, ~~that~~2015, ~~our~~total ~~operating~~assets ~~expenses~~and ~~will~~liabilities beattributed ~~significantly~~to ~~greater~~the ~~than~~Legacy ~~our~~Business ~~operating~~were ~~expenses~~$15,901 ~~for~~and ~~prior~~$40,227, ~~years~~respectively. InAs ~~addition~~a result, ~~because~~a gain of ~~our~~$24,326 ~~lack~~on sale of ~~operating~~business ~~history~~was inrecognized ~~this~~and ~~area~~net earnings from discontinued operations of $10,792 it(2014 ~~may~~– benet ~~difficult~~loss ~~for~~of us$37,628) towere ~~predict~~reported ~~future~~in ~~operating~~the ~~expenses~~Company’s ~~and~~condensed ~~capital~~consolidated ~~requirements~~statements ~~related~~of tooperations ~~this~~for ~~business.~~the three months ended August 31, 2015.

13Six-Month Period Ended August 31, 2015 Compared to Six-Month Period Ended August 31, 2014

Revenues

Our revenues for the six months ended August 31, 2015 were $12,649, which were derived from consulting services provided in relation to the marketing of cosmetics products ($11,738) and distribution of cosmetics products ($911).

Revenues of $15,784 (2014 – $22,427) which were attributable to the Legacy Business during the six months ended August 31, 2015 were included in the net earnings/(loss) from discontinued operations in the Company’s condensed consolidated statements of operations. The decrease of $6,643 in revenue was mainly the result of a shorter operating period due to the disposal of the Legacy Business on June 22, 2015.

The cost of revenues during the six months ended August 31, 2015 were $820, which were comprised of cost of cosmetics products purchased for resale from other producers. The cost of revenues of $nil (2014 – $554) which were attributable to the Legacy Business during the six months ended August 31, 2015 were included in the net earnings/(loss) from discontinued operations in the Company’s condensed consolidated statements of operations.

Expenses

Selling, general and administrative expenses during the six month period ended August 31, 2015 were $599,286, compared to a total of $13,400 not attributable to the Legacy Business during the six months ended August 31, 2014. The increase was primarily due to increased operations through IMK Korea, which incurred selling, general and administrative expenses of $437,774.

To date, our expenses have consisted mainly of selling, general and administrative expenses, with the main components being salary expenses, professional and consulting services.

The selling, general and administrative expenses of $73,762 (2014 – $68,758) which were attributable to the Legacy Business during the six months ended August 31, 2015 were included in the net earnings/(loss) from discontinued operations in the Company’s condensed consolidated statements of operations. During the six month ended August 31, 2015, lower selling, general and administrative expenses were incurred, but the Legal Business also paid $60,000 in consulting fees to the former CEO Buddy Young. This caused an increase in the overall selling, general and administrative expenses compared to the prior period, despite a shorter operating period due to the disposal of the Legacy Business on June 22, 2015.

Gain from the Sale of Business

On June 22, 2015, we disposed of all our assets and assigned all of our liabilities that were exclusively related to the Legacy Business, to Buddy Young, in exchange for Mr. Young assuming all of the liabilities of the Company exclusively related to the Legacy Business. As at June 22, 2015, total assets and liabilities attributed to the Legacy Business were $15,901 and $40,227, respectively. As a result, a gain of $24,326 on sale of business was recognized and net loss from discontinued operations of $33,952 (2014 – $53,599) was reported in the Company’s condensed consolidated statements of operations for the six months ended August 31, 2015.

We are currently focusing our business efforts on the development of our cosmetics and health and wellness business. However, as part of our efforts to obtain financing, our management is currently examining all of our options and our business and business plans could be subject to change. As such, our historical results are not expected to be reflecting of our future expenses and capital requirements. As we pursue our business development efforts, we expect that our operating expenses will be significantly greater than our operating expenses for prior years. In addition, because of our lack of operating history in areas other than the Legacy Business, it may be difficult for us to predict future operating expenses and capital requirements.

Employees

Effective March 17, 2015, certain of our officers and directors entered into employment agreements with IMK Korea. Each of these executive officers and directors are compensated directly by IMK Korea as follows:

Name and Position	Gross Annual Salaries (South Korean Wan)	Gross Annual Salaries ($1 = SKW 1,100)
Jae Min Oh Director, Chief Executive Officer and President	SKW 120,000,000	$109,090.91
Rak Gu Kim Director, Chief Financial Officer, Treasurer and Secretary	SKW 100,000,000	$90,909.09
Jae Kang Lee Director and Chief Executive Officer of IMK Korea	SKW 90,000,000	$81,818.18
Sung Ho Park Chairman of the Board of Directors	SKW 150,000,000	$136,363.64

Liquidity and Capital Resources

We had a cash balance of $595,~~555~~518 on ~~May~~August 31, 2015. During the ~~three~~six months ended ~~May~~August 31, 2015, net cash used by operating activities was $~~418~~621,~~240~~205, net cash used by purchase of office equipment and long term lease deposit as part of investing activities was $~~196~~191,~~820~~420, and net cash used by financing activities was $~~206~~38,~~858~~961 which consisted of issuance of common shares and issuance of convertible debenture offset by the settlement of promissory note payable. The promissory note settled in the amount of $223,221 ~~plus~~was ~~accrued~~attributed ~~interest~~to ofthe ~~$64,779~~Legacy ~~was~~Business ~~settled~~and reported in ~~full~~the onCompany’s ~~March~~condensed 2,consolidated ~~2015~~statement of cash flows as discontinued operations in the financing activities.

On or about June 22, 2015, IMK Korea entered into ~~a Convertible Loan Agreement (~~the “MBK Loan Agreement”) with MBK ~~Co. Ltd. (“MBK”)~~, pursuant to which MBK advanced to IMK Korea the principal sum of SKW 200,000,000 (~~approximately~~ $~~168~~169,~~470~~000) (the “MBK Loan”). The principal amount due under the MBK Loan is due and payable on June 22, 2016, with interest payable at a rate of 6.9% per annum, payable every six months~~, with interest on overdue interest accruing at a rate of 18% per annum~~. Upon an event of default as set forth in the MBK Loan Agreement, all amounts due and payable on account of principal and accrued but unpaid interest will become immediately due and payable, with interest accruing after such event of default at a rate of 18% per annum. Under the terms of the MBK Loan Agreement, MBK will have the right to convert the amounts outstanding into shares of our common stock at their then fair value. Fair value will be determined by future negotiations between MBK and IMK Korea.

On October 8, 2015, IMK Korea entered into a Loan Agreement with MBK, pursuant to which MBK advanced to IMK Korea the principal sum of SKW 50,000,000 (approximately $43,250). The loan is due and payable on April 7, 2016, with interest payable at a rate of 6.9% per annum, with overdue principal and interest accruing at 18% per annum.

Our current financial resources are not expected to be adequate to fund our planned business development efforts. Our future planned activities such as expanding the marketing and distribution channels for the cosmetics products, offering health and wellness services, and acquiring or constructing our own manufacturing facilities, will require substantial additional financing. Failure to obtain sufficient financing may result in delaying or indefinite postponement of any of our development objectives. There can be no assurance that additional capital or other types of financing will be available if needed or that, if available, the terms of such financings will be favorable to the Company.

GOING CONCERN

The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. On February 27, 2015, we issued 29,115,670 shares of our common stock for total gross proceeds of $823,099 pursuant to a private placement offering. However, we now intend to focus our business development efforts in the areas of cosmetics and health and wellness services and have disposed of all the assets and liabilities exclusively related to the ~~self-improvement,~~Legacy ~~educational~~Business ~~and workforce training DVD business~~ on June 22, 2015. Therefore, our current financial resources are not considered adequate to fund our planned future operations. This condition raises substantial doubt about our ability to continue as a going concern. The accompanying financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities that might be necessary should we be unable to continue as a going concern.

Our continuation as a going concern currently is dependent upon timely procuring significant external debt and/or equity financing to fund its immediate and near-term operations, and subsequently realizing operating cash flows from sales of its cosmetics products sufficient to sustain its longer-term operations and growth initiatives.

In addition, as part of our efforts to obtain financing, our management is currently examining all of our options, which could include changes to the Company’s business plans or to the nature of the business in the future. As such, our historical results are not expected to be reflecting of our future expenses and capital requirements, and we expect our operating expenses to be significantly greater than our operating expenses for prior years.

OFF-BALANCE SHEET ARRANGEMENTS

None.

CRITICAL ACCOUNTING POLICIES

The preparation of financial statements in conformity with United States generally accepted accounting principles requires our management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Our management routinely makes judgments and estimates about the effects of matters that are inherently uncertain.

Our significant accounting policies are disclosed in Note 1 to the unaudited condensed financial statements included in this Quarterly Report. The following accounting policies have been determined by our management to be the most important to the portrayal of our financial condition and results of operation:

Revenue Recognition. Prior to June 22, 2015, ~~the~~we ~~Company~~ sold videos produced by ~~the Company~~us, as well as videos produced by third parties. Sales were recognized upon shipment of videos to the customer or upon website download by the customer. The products sold may not be returned by the customer. Accordingly, ~~the~~we ~~Company~~have ~~has~~ made no provision for returns.

~~The~~We ~~Company~~distribute ~~distributes~~ and ~~sells~~sell cosmetics products and ~~recognizes~~recognize revenue upon transfer of ownership of the product to the customer which occurs when (i) the product is physically received by the customer, (ii) an invoice is generated which evidences an arrangement between the customer and us, (iii) a fixed sales price has been included in such invoice and (iv) collection from such customer is reasonably assured.

Non-Cash Equity Issuances. The Company periodically issues shares of its common stock in exchange for, or in settlement of, services. The Company’s management values the shares issued in such transactions at either the then market price of the Company’s common stock, as determined by the Board of Directors and after taking into consideration factors such as volume of shares issued or trading restrictions, or the value of the services rendered, whichever is more readily determinable.16

~~Foreign~~We ~~Currency~~also ~~Gains~~provide ~~and~~consulting ~~Losses.~~services ~~Our~~in ~~functional~~relation ~~and~~to ~~reporting~~the ~~currency~~marketing isof ~~the~~cosmetics ~~United~~products ~~States~~and ~~dollar.~~recognizes ~~The~~revenue ~~functional~~upon ~~currency~~delivery of ~~IMK~~services ~~Korea~~to is the ~~South~~customer ~~Korean~~which ~~Won~~occurs when (~~SKW~~i). ~~Financial~~the ~~statements~~services ~~of IMK Korea~~ are ~~translated~~rendered ~~into~~to ~~United~~the ~~States~~customer, ~~dollars~~(ii) ~~using~~an ~~period-end~~invoice ~~rates~~is ofgenerated ~~exchange~~which ~~for~~evidences ~~assets~~an ~~and~~arrangement ~~liabilities,~~between ~~and average rates of exchange for~~ the ~~period~~customer ~~for revenues~~ and ~~expenses.~~us, ~~Translation gains~~ (~~losses~~iii) ~~are recorded in accumulated other comprehensive income as~~ a ~~component~~fixed ofsales ~~stockholders’~~price ~~equity.~~has ~~Foreign~~been ~~currency~~included ~~transactions are primarily undertaken~~ in ~~SKW~~such ~~and~~invoice ~~transaction gains~~ and ~~losses~~(iv) ~~are~~collection ~~included~~from insuch ~~the~~customer ~~determination~~is ofreasonably ~~income~~assured. ~~As of May 31, 2015, we have not entered into derivative instruments to offset the impact of foreign currency fluctuations.~~

Non-Cash Equity Issuances. We periodically issues shares of our common stock in exchange for, or in settlement of, services. Our management values the shares issued in such transactions at either the then market price of our common stock, as determined by the Board of Directors and after taking into consideration factors such as volume of shares issued or trading restrictions, or the value of the services rendered, whichever is more readily determinable.

Foreign Currency Gains and Losses. Our functional and reporting currency is the United States dollar. The functional currency of IMK Korea is the South Korean Won (SKW). Financial statements of IMK Korea are translated into United States dollars using period-end rates of exchange for assets and liabilities, and average rates of exchange for the period for revenues and expenses. Translation gains (losses) are recorded in accumulated other comprehensive income (loss) as a component of stockholders’ equity. Foreign currency transactions are primarily undertaken in SKW and transaction gains and losses are included in the determination of income. As of August 31, 2015, we have not entered into derivative instruments to offset the impact of foreign currency fluctuations.

Recent Accounting Standards and Pronouncements. Recent 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 our financial statements.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

Not Applicable.

ITEM 4. CONTROLS AND PROCEDURES.

In connection with the preparation of this Quarterly Report on Form 10-Q, an evaluation was carried out by our management, with the participation of our Chief Executive Officer and the Chief Financial Officer, of the effectiveness of our disclosure controls and procedures as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934 (“Exchange Act”) as of ~~May~~August 31, 2015. Based on the evaluation, our management concluded, as of the end of the period covered by this report, that our disclosure controls and procedures were effective in recording, processing, summarizing, and reporting information required to be disclosed, within the time periods specified in the Securities and Exchange Commission’s rules and forms.

During the quarter ended ~~May~~August 31, 2015, there were no changes in our internal control over financial reporting that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

PART II - OTHER INFORMATION

Item 1. Legal Proceedings.

None.

Item 1A. RISK FACTORS.

The following are some of the important factors that could affect our financial performance or could cause actual results to differ materially from estimates contained in our forward-looking statements. We may encounter risks in addition to those described below. Additional risks and uncertainties not currently known to us, or that we currently deem to be immaterial, may also impair or adversely affect our business, financial condition or results of operation.

We have a lack of operating history in the cosmetics, health, wellness and medical services, and hotel and hospitality industries. There are no assurances that our business development efforts in these industries will be successful.17

Although certain key members of our management and our Board of Directors have extensive experience in the cosmetics industry and other relevant business experience, the cosmetics industry is extremely competitive. Furthermore, we have no operating history with respect to the provision of health, wellness and medical services or in the operation of hotels, resorts or other hospitality facilities. Many of our competitors will have brands and products that are better known with a greater consumer following than our products, and will have greater experience in operating in the medical services and hospitality industries. Some of our competitors may have top management with even greater experience in the cosmetics industry and many will have greater financial resources than we do at this time. There are no assurances that our business development efforts will prove successful.

To accomplish our business development goals we will require financing in an amount that is significantly greater than our current financial resources. If we are not able to acquire financing in the amounts and when needed, our business could be adversely affected.

We will require additional financing to complete our business development goal. To date, we have earned very limited cashflows from our operations. In addition, the actual costs of completing our business development efforts may be greater than anticipated. As such, we anticipate that we will require substantial amounts of financing from outside sources.

Our ability to obtain future financing will be subject to a number of factors, including the variability of global market conditions and the performance of equity markets in general. These factors may make the timing, amount, terms or conditions of additional financing unavailable to us. If we are unable to obtain financing in amounts, or when, needed on terms that are acceptable to us, our business could be adversely affected.

Even if we are able to obtain financing, our stockholders may experience dilution. As we are in the early stages of our development, we do not expect traditional debt financing to be available to us. As such, we may be required to seek financing through the sale of our equity securities or instruments convertible or exercisable into our equity securities. As such, our stockholders could experience significant dilution. Further, even if we are able to obtain debt financing, our cashflows from our operations to date have been extremely limited and we may not be able to service our debt obligations as they become due.

Although we are currently focused on our efforts to develop our cosmetics and health and wellness business, our business plans and the nature of our business is subject to change.

Our efforts to obtain long term financing are ongoing. As reflected in our results of operations for the period ended August 31, 2015, we are currently still in the process of pursuing our cosmetics and health and wellness business development efforts. However, as part of our efforts to obtain long term financing, our management is examining all of the options available to us. In the future, these may include potential changes to our business plan or to the nature of our business. As a result, our business and business plans are subject to change and our historical results of operations may not be indicative of future results or performance.

An inability to anticipate and respond to market trends and changes in consumer preferences could adversely affect our financial results.

Our continued success depends on our ability to anticipate, gauge and react in a timely and cost-effective manner to changes in consumer tastes and attitudes toward our industry and brands, as well as to where and how consumers shop for those products. We must continually work to develop, manufacture and market new products, maintain and adapt our cosmetics products to existing and emerging distribution channels, maintain and enhance recognition of our brands, achieve a favorable mix of products, and refine our approach as to how and where we market and sell our products. While we intend to devote considerable effort and resources to shape, analyze and respond to consumer preferences, consumer tastes cannot be predicted with certainty and can change rapidly. The issue is compounded by the increasing use of social and digital media by consumers and the speed by which information and opinions are shared. If we are unable to anticipate and respond to sudden challenges that we may face in the marketplace, trends in the market for our products and changing consumer demands and sentiment, our financial results will suffer.

Our success depends, in part, on the quality, safety and efficacy of our products.

Our success depends, in part, on the quality, safety and efficacy of our products. If our products are found to be, or perceived to be, defective or unsafe, or if they otherwise fail to meet our customers' standards, our relationship with our customers could suffer, we could need to recall some of our products and/or become subject to regulatory action, our reputation or the appeal of our brand could be diminished and we could become subject to liability claims, any of which could result in a material adverse effect on our business, prospects, financial condition, liquidity, results of operations and cash flows.

Our success may be dependent upon the successful introduction of our new products and success in expanding the demand for existing brands.

The cosmetics and skin care industry is highly competitive and is characterized by the constant introduction of new and innovative products. Even successfully introduced products may experience sales and volume decreases over time. As such, even if we are successful in gaining market acceptance of our line of cosmetic and skin care products, our future growth and development may substantially depend on our ability to continually introduce new and innovative products to the public. At present, we have limited financial resources to spend on the development of new products. Even if we are successful in developing new products, our future success may depend on our ability to successfully market those products to gain consumer acceptance.

A disruption in operations or our supply chain could affect our business and financial results.

We currently intend to outsource our manufacturing and supply of cosmetic products to third parties. As such, we expect to be subject to risks inherent in such activities, including industrial accidents, environmental events, strikes and other labor disputes, disruptions in supply chain or information systems, loss or impairment of key manufacturing sites, product quality control, safety, increase in commodity prices and energy costs, licensing requirements and other regulatory issues, as well as natural disasters and other external factors over which we have no control. If such an event were to occur, it could have an adverse effect on our business and financial results.

The cosmetics and health and wellness services businesses are highly competitive, and if we are unable to compete effectively our results will suffer.

We face vigorous competition throughout the world, including multinational consumer product companies. Some of these competitors have greater resources than we do and may be able to respond to changing business and economic conditions more quickly than us. Competition in the cosmetics business is based on pricing of products, innovation, perceived value, service to the consumer, promotional activities, advertising, special events, new product introductions, e-commerce and m-commerce initiatives and other activities. It is difficult for us to predict the timing and scale of our competitors’ actions in these areas.

We do not currently own the intellectual property rights to Pinex OPC or the N-Time or PQ-10 line of products.

PHILOS, the owner of these rights, has verbally granted us with permission to use these products and tradenames and act as a distributor for these products. Although we are currently negotiating with PHILOS to formalize our rights to these technologies, brands and products, we have not yet finalized these agreements with PHILOS. Although PHILOS is owned and controlled by a member of our Board of Directors and the CEO of IMK Korea, there are no assurances that he will cause PHILOS to act in the best interests of our Company. If we are unable to finalize agreements with PHILOS or if PHILOS revokes our permission to use their intellectual property rights, our business will be adversely affected.

If we are unable to protect our intellectual property rights, our business could be adversely affected.

Intellectual property rights, including patents, trade secrets, confidential information, trademarks and trade names, are important to our business. We will endeavor to protect our intellectual property rights in jurisdictions in which our products are produced, used or sold. However, we may be unable to obtain intellectual property protection in key jurisdictions. In addition, the laws of some foreign jurisdictions, including China, may not provide sufficient protection of our intellectual property rights. We have designed and implemented internal controls to restrict access to and distribution of our intellectual property, however our intellectual property rights may still be vulnerable to theft or other breaches. The costs of protecting our intellectual property rights may be substantial.

Our success depends, in part, on our key personnel.

Our ability to succeed in our business efforts will depend, in part, on our ability to retain our key personnel. The unexpected loss of or failure to retain one or more of our key employees could adversely affect our business. Our success also depends, in part, on our continuing ability to identify, hire, attract, train, develop and retain other highly qualified personnel. Competition for these employees can be intense and our ability to hire, attract and retain them depends on our ability to provide competitive compensation. We may not be able to attract, assimilate, develop or retain qualified personnel in the future, and our failure to do so could adversely affect our business, including the execution of our global business strategy. Any failure by our management team to perform as expected may have a material adverse effect on our business, prospects, financial condition and results of operations.

General economic downturns or recessions, either globally or in one or more of the geographic regions or markets in which we intend to operate, or sudden disruptions in business conditions or other challenges may adversely affect our business and our access to financing.

Current global macro-economic instability or a further downturn in the economies in which we intend to sell our products, including any recession in one or more of our geographic regions or markets, could adversely affect our business, our access to liquidity and capital, and our credit ratings. Global economic events over the past few years, including high unemployment levels, the tightening of credit markets and failures of financial institutions and other entities, have made it difficult for development stage companies such as ours to obtain financing. In addition, these factors could result in disruptions in our supply chain and/or our planned distribution channels. Any or all of these factors could potentially have a material adverse effect on our ability to develop our businesses as planned.

Consumer spending is affected by a number of factors, including general economic conditions, including inflation, interest rates, energy costs, gasoline prices and consumer confidence generally, all of which are beyond our control. Consumer purchases of discretionary items, such as beauty and related products, and consumer vacation patterns tend to decline during recessionary periods, when disposable income is lower, and may impact our ability to develop our businesses. We may face continued economic challenges in fiscal 2015 because customers may continue to have less money for discretionary purchases as a result of job losses, bankruptcies, reduced access to credit and weakness in housing, among other things.

In addition, sudden disruptions in business conditions, for example, as a consequence of events such as a pandemic or local or international conflicts around the world, or as a result of terrorist attack, retaliation and the threat of further attacks or retaliation, or as a result of adverse weather conditions or climate changes or seismic events, can have a short and, sometimes, long-term impact on consumer spending.

Use of social media may adversely impact our reputation or subject us to fines or other penalties.

There has been a substantial increase in the use of social media platforms, including blogs, social media and other forms of internet-based communications, which allow individuals access to a broad audience of consumers and other interested persons. Negative commentary regarding us or the products we sell may be posted on social media platforms and similar devices at any time and may be adverse to our reputation or business. Customers value readily available information and often act on such information without further investigation and without regard to its accuracy. The harm may be immediate without affording us an opportunity for redress or correction.

We intend to sell our products online and expect to engage in an international marketing and advertising campaign. We may use social media platforms as marketing tools. As laws and regulations rapidly evolve to govern the use of these platforms and devices, the failure by us, our employees or third parties acting at or direction to abide by applicable laws and regulations in the use of these platforms and devices could adversely impact our business, financial condition, profitability and cash flow or subject us to fines or other penalties.

Litigation costs and the outcome of litigation could have a material adverse effect on our business.

From time to time, we may be subject to litigation claims through the ordinary course of our business operations regarding, but not limited to, employment matters, security of consumer and employee personal information, contractual relations with suppliers, marketing and infringement of patents and other intellectual property rights. Litigation to defend ourselves against claims by third parties, or to enforce any rights that we may have against third parties may be necessary, which could result in substantial costs and diversion of our resources, causing a material adverse effect on our business, financial condition, profitability and cash flows.

Government reviews, inquiries, investigations, and actions could harm our business or reputation.

As we operate and expand to various locations around the world, our operations in certain countries may be subject to significant government scrutiny and may be adversely impacted by the results of such scrutiny. Cosmetics products and medical, health and wellness services are subject to rigorous government regulations. In addition, these regulations may be significantly different in each geographic area in which we intend to operate.

From time to time, we may receive formal and informal inquiries from various government regulatory authorities about our business and compliance with existing laws or regulations. Any determination that our operations or activities, or the activities of our employees, are not in compliance with existing laws or regulations could result in the imposition of substantial fines, interruptions of business, loss of supplier, vendor or other third-party relationships, termination of necessary license of permits, or similar results, all of which could potentially harm our business and/or reputation. Even if an inquiry does not result in these types of determinations, it potentially could create negative publicity which could harm our business and/or reputation.

Because our stock is a penny stock, stockholders will be more limited in their ability to sell their stock.

The SEC has adopted rules that regulate broker-dealer practices in connection with transactions in penny stocks. Penny stocks are generally equity securities with a price of less than $5.00, other than securities registered on certain national securities exchanges or quoted on the NASDAQ system, provided that current price and volume information with respect to transactions in such securities is provided by the exchange or quotation system.

Because our securities constitute "penny stocks" within the meaning of the rules, the rules apply to us and to our securities. The rules may further affect the ability of owners of shares to sell our securities in any market that might develop for them. As long as the quotation price of our common stock is less than $5.00 per share, the common stock will be subject to Rule 15g-9 under the Exchange Act. The penny stock rules require a broker-dealer, prior to a transaction in a penny stock, to deliver a standardized risk disclosure document prepared by the SEC, that:

●

contains a description of the nature and level of risk in the market for penny stocks in both public offerings and secondary trading;

●

contains a description of the broker's or dealer's duties to the customer and of the rights and remedies available to the customer with respect to a violation to such duties or other requirements of securities laws;

●

contains a brief, clear, narrative description of a dealer market, including bid and ask prices for penny stocks and the significance of the spread between the bid and ask price;

●

contains a toll-free telephone number for inquiries on disciplinary actions;

●

defines significant terms in the disclosure document or in the conduct of trading in penny stocks; and

●

contains such other information and is in such form, including language, type, size and format, as the SEC shall require by rule or regulation.

The broker-dealer also must provide, prior to effecting any transaction in a penny stock, the customer with: (a) bid and offer quotations for the penny stock; (b) the compensation of the broker-dealer and its salesperson in the transaction; (c) the number of shares to which such bid and ask prices apply, or other comparable information relating to the depth and liquidity of the market for such stock; and (d) a monthly account statements showing the market value of each penny stock held in the customer's account. In addition, the penny stock rules require that, prior to a transaction in a penny stock not otherwise exempt from those rules, the broker-dealer must make a special written determination that the penny stock is a suitable investment for the purchaser and receive the purchaser's written acknowledgment of the receipt of a risk disclosure statement, a written agreement to transactions involving penny stocks, and a signed and dated copy of a written suitability statement. These disclosure requirements may have the effect of reducing the trading activity in the secondary market for our stock.

FOR ALL OF THE AFORESAID REASONS AND OTHERS SET-FORTH AND NOT SET-FORTH HEREIN, AN INVESTMENT IN OUR SECURITIES INVOLVES A CERTAIN DEGREE OF RISK. ANY PERSON CONSIDERING TO INVEST IN OUR SECURITIES SHOULD BE AWARE OF THESE AND OTHER FACTORS SET-FORTH IN THIS REPORT AND IN THE OTHER REPORTS AND DOCUMENTS THAT WE FILE FROM TIME TO TIME WITH THE SEC AND SHOULD CONSULT WITH HIS/HER LEGAL, TAX AND FINANCIAL ADVISORS PRIOR TO MAKING AN INVESTMENT IN OUR SECURITIES. AN INVESTMENT IN OUR SECURITIES SHOULD ONLY BE ACQUIRED BY PERSONS WHO CAN AFFORD TO LOSE THEIR TOTAL INVESTMENT.

ITEM 2.

UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.

None.

ITEM 3.

DEFAULTS UPON SENIOR SECURITIES.

None.

ITEM 4.

MINE SAFETY DISCLOSURES.

Not applicable.

ITEM 5.

OTHER INFORMATION.

~~Change in Principal Independent Accountant~~None.

On June 18, 2015 Farber Hass Hurley LLP (“Farber Hass”) resigned as our principal independent accountants. On July 8, 2015 we engaged PLS CPA, A Professional Corp. as our new principal independent accountants. The information required by Item 3.04 of Regulation S-K is provided in our Current Reports on Form 8-K filed with the SEC on June 19, 2015 and July 13, 2015.

Sale of DVD and Training Business Assets

In June 2015, we sold all of our assets and all of our liabilities exclusively related to our self-improvement, educational and workforce training business. The information required by Item 1.01 and Item 2.01 of Form 8-K was provided in our Current Report on Form 8-K filed on June 26, 2015.

Compensatory Agreements of Executive Officers and Directors

In March 2015, certain of our executive officers and directors entered into compensation agreements with our wholly owned subsidiary IMK Korea Co. Ltd. Information regarding these compensation agreements was provided in our Annual Report on Form 10-K for the year ended February 28, 2015.

MBK Loan

ITEM 6.

EXHIBITS.

The following exhibits are either provided with this Quarterly Report or are incorporated herein by reference:

Exhibit Number	Description of Exhibit
3.1	Certificate of Incorporation.	(1)
3.2	Certificate of Amendment to Certificate of Incorporation (increasing authorized capital to 100,000,000 shares of common stock, par value $0.0001 per share).	(1)
3.3	Certificate of Amendment to Certificate of Incorporation effective March 13, 2015 (Name Change).	(4)
3.4	Bylaws.	(2)
4.1	Specimen Common Stock Certificate.	(2)
10.1	$100,000 Promissory Note due Buddy Young which contains his obligations to lend funds to the Company.	(3)
10.2	Amendment to $100,000 Promissory Note due Buddy Young.	(3)
10.3	Securities Purchase Agreement dated February 16, 2015 among the Company, Buddy Young, the Young Family Trust, Sung Ho Park, Jae Min Oh and Rak Gu Kim.	(5)
10.4	Amendment No. 1 to Securities Purchase Agreement dated February 20, 2015 among the Company, Buddy Young, the Young Family Trust, Sung Ho Park, Jae Min Oh and Rak Gu Kim.	(5)
10.5	Employment Contract between IMK Korea Co. Ltd. and Jae Min Oh dated March 17, 2015 (English translation).	(5)
10.6	Employment Contract between IMK Korea Co. Ltd. and Rak Gu Kim dated March 17, 2015 (English translation).	(5)
10.7	Employment Contract between IMK Korea Co. Ltd. and Sung Ho Park dated March 17, 2015 (English translation).	(5)

2122

Exhibit Number	Description of Exhibit
10.6	Employment Contract between IMK Korea Co. Ltd. and Rak Gu Kim dated March 17, 2015 (English translation).	(5)
10.7	Employment Contract between IMK Korea Co. Ltd. and Sung Ho Park dated March 17, 2015 (English translation).	(5)
10.8	Employment Contract between IMK Korea Co. Ltd. and Jae Kang Lee dated March 17, 2015 (English translation).	(5)
10.9	Convertible Loan Agreement between IMK Korea Co. Ltd. and MBK Co. Ltd. dated June 22, 2015 (English translation)	(6)
31.1	Certification of Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.	(67)
31.2	Certification of Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.	(67)
32.1	Certification of Principal Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.	(67)
32.2	Certification of Principal Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.	(67)
101.INS	XBRL Instance Document.	(67)
101.SCH	XBRL Taxonomy Extension Schema.	(67)
101.CAL	XBRL Taxonomy Extension Calculation Linkbase.	(67)
101.DEF	XBRL Taxonomy Extension Definition Linkbase.	(67)
101.LAB	XBRL Taxonomy Extension Label Linkbase.	(67)
101.PRE	XBRL Taxonomy Extension Presentation Linkbase.	(67)

Notes:

(1)	Filed as an exhibit to our Form 8-A filed with the SEC on December 3, 2010.

(2)	Filed as an exhibit to our Registration Statement on Form SB-2 originally filed with the SEC on March 28, 2005, as amended.

(3)	Filed as an exhibit to our Amendment No. 4 to Registration Statement on Form SB-2 filed with the SEC on February 9, 2006.

(4)	Filed as an exhibit to our Current Report on Form 8-K filed with the SEC on March 13, 2015.

(5) Filed as an exhibit to our Annual Report on Form 10-K filed with the SEC on July 29, 2015.

(6) Filed ~~herewith~~as an exhibit to our Quarterly Report on Form 10-Q filed with the SEC on August 27, 2015.

22(7) Filed herewith.

SIGNATURES

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

			IMK GROUP, INC.
Date:	~~August~~October 2616, 2015	By:	/s/ ~~JAE~~Jae ~~MIN~~Min OHOh
			JAE MIN OH
			Chief Executive Officer, President and Director
			(Principal Executive Officer)
Date:	~~August~~October 2616, 2015	By:	/s/ ~~RAK~~Rak GUGu ~~KIM~~Kim
			RAK GU KIM
			Chief Financial Officer, Treasurer, Secretary and
			Director (Principal Financial Officer and Principal Accounting Officer)

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