U. S. SECURITIES AND EXCHANGE ~~COMMISSIONWASHINGTON, D.C. 20549~~COMMISSION

~~FORM~~WASHINGTON, ~~10-Q~~D.C. 20549

Form 10-Q

(Mark One)

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

For the quarterly period ended ~~February~~May 2931, 2016

Commission File Number: 000-55140

STREAMTRACK, INC.

(Exact name of registrant as specified in its charter)

Wyoming		26-2589503
(State or other jurisdiction of incorporation or organization)		(IRS Employer Identification No.)

347 Chapala Street

Santa Barbara, California 93101

(Address of principal executive offices)

(805) 308-9151

(Registrant's telephone number, including area code)

~~_______________________________________________________________~~ ____________________________________________________________

(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 x No o

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 during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). ~~Yes~~ x Yes o 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	o	Accelerated filer	o
Non-accelerated filer	o	Smaller reporting company	x
(Do not check if a 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 o No x

At ~~April~~July 112, 2016, there were 4,190,265,983 shares of the Company's common stock outstanding.

TABLE OF CONTENTS

		Page
PART I
Item 1.	Financial Statements (unaudited)		3
Item 2.	Management's Discussion and Analysis of Financial Condition and Results of Operation		1916
Item 3.	Quantitative and Qualitative Disclosure About Market Risk		2722
Item 4.	Controls and Procedures		2722
PART II
Item 1.	Legal Proceedings		2823
Item 1A.	Risk Factors		2823
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds		2823
Item 3.	Defaults Upon Senior Securities		2823
Item 4.	Mine Safety Disclosures		2823
Item 5.	Other Information		2823
Item 6.	Exhibits		2924

~~STREAMTRACK, INC.~~PART ~~UNAUDITED CONSOLIDATED BALANCE SHEETS~~ I

Item 1. Financial Statements (unaudited)

	As of February 29, 2016			As of August 31, 2015
Assets:
Current assets
Cash	$	14,741		$	7,909
Accounts receivable, net of allowances of $6,000 and $6,000, respectively		105,217			114,253
Prepaid expenses		3,349			2,196
Total current assets		123,307			124,358
Property and equipment, net		535,964			660,973
Other assets
Other assets		41,865			56,613
Due from intercompany		-			-
Total other assets		41,865			56,613
Total assets	$	701,136		$	841,944
Liabilities and Stockholders' Deficit
Current liabilities
Account payable and accrued expenses	$	1,037,871		$	1,147,249
Line of credit		896,884			610,950
Derivative liabilities embedded within convertible notes payable		526,779			898,856
Capital lease payable - in default		54,704			54,704
Related party payables		187,310			159,660
Convertible notes payable, net of discount of $57,459 and $19,794, respectively		821,258			739,798
Related party convertible notes payable, net of discount of $255,215 and $0, respectively		673,249			197,850
Total current liabilities		4,198,055			3,809,067
Long term liabilities
Convertible notes payable, net of discount of $58,137 and $155,249, respectively		98,669			115,907
Related party convertible notes payable, net of discount of $0 and $442,744, respectively		225,500			428,370
Total long term liabilities		324,169			544,277
Total liabilities		4,522,224			4,353,344
Series C preferred stock; $0.0001 par value; 20,000 shares authorized; 11,690 and 11,800 shares issued and outstanding as of February 29, 2016 and August 31, 2015		1,690,500			1,770,000
Commitments and contingencies (Note 5)
Stockholders' Deficit:
Series A preferred stock; $0.0001 par value; 100 shares authorized; 0 shares issued and outstanding as of February 29, 2016 and August 31, 2015		-			-
Series B preferred stock; $0.0001 par value; 200,000 shares authorized; 200,000 shares issued and outstanding as of February 29, 2016 and August 31, 2015		20			20
Common stock, $0.0001 par value; Unlimited shares authorized at February 29, 2016 and August 31, 2015; 4,198,519,796 shares issued and outstanding at February 29, 2016; 3,403,519,796 shares issued and outstanding as of August 31, 2015		419,852			340,352
Additional paid-in capital		3,341,837			3,341,837
Common stock to be issued		87,500			75,000
Accumulated deficit		(9,360,797	)		(9,038,609	)
Total stockholders' deficit		(5,511,588	)		(5,281,400	)
Total liabilities and stockholders' deficit	$	701,136		$	841,944

StreamTrack, Inc.

~~The~~Condensed ~~accompanying~~Consolidated ~~notes~~Balance ~~are an integral part of the consolidated financial statements.~~ Sheets

3 (unaudited)

STREAMTRACK, INC. UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited)

	As of May 31, 2016			As of August 31, 2015
Assets:
Current assets
Cash	$	13,867		$	7,909
Accounts receivable, net of allowances of $6,000 and $6,000, respectively		92,987			114,253
Prepaid expenses		2,995			2,196
Total current assets		109,849			124,358
Property and equipment, net		403,856			660,973
Other assets
Other assets		34,722			56,613
Total other assets		34,722			56,613
Total assets	$	548,427		$	841,944

Liabilities and Stockholders' Deficit
Current liabilities
Account payable and accrued expenses	$	1,153,259		$	1,147,249
Line of credit		933,926			610,950
Derivative liabilities embedded within convertible notes payable		460,789			898,856
Capital lease payable - in default		54,704			54,704
Related party payables		228,120			159,660
Convertible notes payable, net of discount of $39,004 and $19,794, respectively		921,519			739,798
Related party convertible notes payable, net of discount of $161,451 and $0, respectively		777,013			197,850
Total current liabilities		4,529,330			3,809,067
Long term liabilities
Convertible notes payable, net of discount of $46,869 and $155,249, respectively		28,131			115,907
Related party convertible notes payable, net of discount of $0 and $442,744, respectively		215,500			428,370
Total long term liabilities		243,631			544,277
Total liabilities		4,772,961			4,353,344

Series C preferred stock; $0.0001 par value; 20,000 shares authorized; 11,270 and 11,800 shares issued and outstanding as of May 31, 2016 and August 31, 2015		1,690,500			1,770,000

Commitments and contingencies (Note 5)
Stockholders' Deficit:
Series A preferred stock; $0.0001 par value; 100 shares authorized; 0 shares issued and outstanding as of May 31, 2016 and August 31, 2015		-			-
Series B preferred stock; $0.0001 par value; 200,000 shares authorized; 200,000 shares issued and outstanding as of May 31, 2016 and August 31, 2015		20			20
Common stock, $0.0001 par value; Unlimited shares authorized at May 31, 2016 and August 31, 2015; 4,198,519,796 shares issued and outstanding at May 31, 2016; 3,403,519,796 shares issued and outstanding as of August 31, 2015		419,852			340,352
Additional paid-in capital		3,341,837			3,341,837
Common stock to be issued		87,500			75,000
Accumulated deficit		(9,764,243	)		(9,038,609	)
Total stockholders' deficit		(5,915,034	)		(5,281,400	)
Total liabilities and stockholders' deficit	$	548,427		$	841,944

	For the Three Months Ended February 29, 2016			For the Three Months Ended February 28, 2015			For the Six Months Ended February 29, 2016			For the Six Months EndedFebruary 28, 2015
Revenues:
Advertising	$	161,306		$	209,286		$	335,331		$	518,394
Services		8,588			8,250			16,838			19,250
Total revenues		169,894			217,536			352,169			537,644
Costs of revenues:
Media network		87,287			86,001			157,553			191,583
Depreciation and amortization		-			9,340			-			77,986
Colocation services		7,564			38,334			13,700			76,668
Broadcaster commissions		16,032			21,804			27,562			66,935
Other costs		851			928			1,125			3,382
Total costs of revenues		111,734			156,407			199,940			416,554
Gross profit		58,160			61,129			152,229			121,090
Operating expenses:
Consulting fees		-			-			-			-
Professional fees		-			-			-			-
Product development		138			5,250			210			14,249
Officer compensation		25,000			10,499			50,000			58,499
Rents		-			-			-			-
Sales and marketing		7,050			36,129			12,798			76,978
Bad debts		-			-			-			-
Other expenses		254,169			221,150			535,664			438,509
Total operating expenses		286,357			273,028			598,672			588,235
Loss from operations		(228,197	)		(211,899	)		(446,443	)		(467,145	)
Other income (expense):
Other income (expense)		-			(30,224	)		-			(56,681	)
Interest expense (including accretion of debt discount of $123,486, $209,191, $246,976 and $331,760, respectively)		(204,306	)		(300,178	)		(423,814	)		(495,305	)
Gain on sale of co-location and domain		175,992			-			175,992			-
Loss on extinguishment		-			(66,537	)		-			(66,537	)
Change in fair value of derivatives		368,195			4,850,179			372,077			274,204
Total other income (expense)		339,881			4,453,240			124,255			(344,319	)
Income (loss) before provision for income taxes		111,684			4,241,341			(322,188	)		(811,464	)
Provision for income taxes		-			-			-			-
Net income (loss)	$	111,684		$	4,241,341		$	(322,188	)	$	(811,464	)
Basic net income (loss) per common share attributable to common stockholders	$	(0.00	)	$	0.01		$	(0.00	)	$	-
Diluted net income (loss) per common share attributable to common stockholders	$	(0.00	)	$	(0.00	)	$	(0.00	)	$	-
Weighted-average number of shares used in computing basic per share amounts		3,990,827,488			746,259,588			3,708,052,763			520,396,235
Weighted-average number of shares used in computing dilutive per share amounts		25,161,122,177			20,028,323,474			3,708,052,763			520,396,235

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

~~The~~3 ~~accompanying~~Table ~~notes are an integral part~~ of ~~the consolidated financial statements.~~Contents

4 StreamTrack, Inc.

~~STREAMTRACK,~~Condensed ~~INC. UNAUDITED~~Consolidated ~~CONSOLIDATED~~Statements ~~STATEMENTS~~of ~~OF CASH FLOWS~~ Operations

(unaudited)

	For the Six Months Ended February 29, 2016			For the Six Months Ended February 28, 2015
	For the Three Months Ended May 31, 2016			For the Three Months Ended May 31, 2015			For the Nine Months Ended May31, 2016			For the Nine Months Ended May31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:
Revenues:
Net loss	$	(322,188	)	$	(811,464	)
Advertising	$	120,041		$	203,189		$	455,372		$	721,583
Adjustments to reconcile net loss to net cash used in operating activities:
Services		-			8,250			16,838			27,500
Depreciation and amortization		155,272			204,764
Total revenues		120,041			211,439			472,210			749,083
Re-measurement of derivative liabilities		(372,077	)		(274,204	)
Costs of revenues:
Accretion of debt discount		246,976			331,760
Media network		73,008			89,008			230,561			280,591
Stock issued for services and finance fees		-			56,241
Depreciation and amortization		-			-			-			77,986
Amortization of finance fees		-			5,144
Colocation services		6,847			39,669			20,547			116,337
Gain on sale of co-location and domain		(175,992	)		-
Broadcaster commissions		12,289			22,667			39,851			89,602
Loss on extinguishment of debt		-			66,537
Other costs		99			(191	)		1,224			3,191
Changes in operating assets and liabilities:
Total costs of revenues		92,243			151,153			292,183			567,707
Accounts receivable		9,036			114,413
Gross profit		27,798			60,286			180,027			181,376
Prepaid expenses		(1,153	)		6,347
Operating expenses:
Note receivable		-			-
Product development		-			3,445			210			17,694
Other current assets		-			(5,678	)
Officer compensation		25,000			7,825			75,000			66,324
Accounts payable and accrued expenses		(104,603	)		209,187
Sales and marketing		6,177			11,771			18,975			88,749
Related party accrued liabilities		27,650			101,862
Other expenses		270,193			241,786			805,857			680,295
Net cash used in operating activities		(537,079	)		4,909
Total operating expenses		301,370			264,827			900,042			853,062
CASH FLOWS FROM INVESTING ACTIVITIES:
Loss from operations		(273,572	)		(204,541	)		(720,015	)		(671,686	)
Purchase or development of property and equipment		(19,503	)		(308,114	)
Other income (expense):
Proceeds from sale of co-location and domain		179,980			-
Other income (expense)		-			(444	)		-			(57,126	)
Other assets		-			(5,500	)
Interest expense (including accretion of debt discount of $123,487, $308,135, $370,463 and $639,895, respectively)		(195,864	)		(409,812	)		(619,678	)		(905,117	)
Net cash used in investing activities		160,477			(313,614	)
Gain on sale of co-location and domain		-			-			175,992			-
CASH FLOWS FROM FINANCING ACTIVITIES:
Loss on extinguishment		-			(35,025	)		-			(101,562	)
Proceeds from issuance of convertible promissory notes		-			115,000
Loss on settlements		-			(1,574,848	)		-			(1,574,848	)
Payments on related party notes payable		-			(89,284	)
Change in fair value of derivatives		65,990			47,757			438,067			321,961
Note receivable		-			(5,250	)
Total other income (expense)		(129,874	)		(1,972,372	)		(5,619	)		(2,316,692	)
Proceeds from line of credit		285,934			12,390
Loss before provision for income taxes		(403,446	)		(2,176,913	)		(725,634	)		(2,988,378	)
Payments on capital lease		-			(4,500	)
Provision for income taxes		-			-			-
Proceeds from issuance of convertible promissory notes - related parties		85,000			261,750
Net loss	$	(403,446	)	$	(2,176,913	)	$	(725,634	)	$	(2,988,378	)
Proceeds from sale of common stock / common stock to be issued		12,500			-
Basic net income (loss) per common share attributable to common stockholders	$	(0.00	)	$	(0.00	)	$	(0.00	)	$	(0.00	)
Net cash provided by financing activities		383,434			290,106
Diluted net income (loss) per common share attributable to common stockholders	$	(0.00	)	$	(0.00	)	$	(0.00	)	$	(0.00	)
Change in cash and cash equivalents		6,832			(18,599	)
Weighted-average number of shares used in computing basic per share amounts		4,198,519,796			2,049,228,223			4,109,920,895			1,035,812,512
Cash and cash equivalents, beginning of period		7,909			26,590
Weighted-average number of shares used in computing dilutive per share amounts		4,198,519,796			2,049,228,223			4,109,920,895			1,035,812,512
Cash and cash equivalents, end of period	$	14,741		$	7,991
Supplemental disclosures of cash flow information:
Cash paid for interest	$	5,728		$	-
Cash paid for income taxes	$	-		$	-
Non cash investing and financing activities:
Issuance of common stock for conversion of debt and accrued interest	$	-		$	130,576
Conversion of Series C preferred stock in common stock	$	79,500		$	-
Beneficial conversion feature recorded on convertible debt	$	-		$	938,614
Issuance of common stock for accounts payable	$	-		$	165,231
Increase in line of credit for facility fee	$	2,500		$	45,000

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

54 Table of Contents

~~STREAMTRACK~~StreamTrack, ~~INC~~Inc. ~~NOTES TO CONSOLIDATED FINANCIAL STATEMENTS~~

~~(unaudited)~~Condensed Consolidated Statements of Cash Flows

~~1. Nature of Business~~(unaudited)

StreamTrack, Inc. (the "Company") is a digital media and technology services company. The Company provides audio and video streaming and advertising services through its RadioLoyaltyTM Platform (the "Platform") to over 5,000 internet and terrestrial radio stations and other broadcast content providers. The Platform consists of a web-based and mobile player that manages streaming audio and video content, social media engagement, display and video ad serving within the web player and is also capable of replacing audio ads with video ads within the web player in a live or on-demand environment. The Company offers the Platform directly to its broadcasters and integrates or white labels its technologies with web-based internet radio guides and other web-based content providers. The Company is also developing Amped Fantasy and SportsAlert™, a fantasy sports product. The Company was incorporated as a Wyoming corporation on May 6, 2008.

	For the Nine Months Ended May 31, 2016			For the Nine Months Ended May 31, 2015

CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$	(725,634	)	$	(2,988,378	)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization		288,916			267,871
Re-measurement of derivative liabilities		(438,067	)		(321,961	)
Accretion of debt discount		370,463			639,895
Stock issued for services and finance fees		-			10,134
Amortization of finance fees		-			12,844
Gain on sale of co-location and domain		(175,992	)		-
Loss on Settlements					1,574,848
Loss on extinguishment of debt		-			101,562
Changes in operating assets and liabilities:
Accounts receivable		21,266			155,157
Prepaid expenses		(799	)		10,558
Other current assets		-			(7,378	)
Accounts payable and accrued expenses		10,785			248,775
Related party accrued liabilities		68,460			125,460
Net cash used in operating activities		(580,602	)		(170,613	)

CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase or development of property and equipment		(21,039	)		(357,967	)
Proceeds from sale of co-location and domain		179,980			-
Other assets		7,143			(5,500	)
Net cash provided by (used in) investing activities		166,084			(363,467	)

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of convertible promissory notes		-			181,459
Payments on related party notes payable		-			(89,284	)
Note receivable		-			(7,875	)
Proceeds from line of credit		322,976			36,129
Payments on capital lease		-			(9,000	)
Proceeds from issuance of convertible promissory notes - related parties		85,000			261,750
Fees paid to ASC under settlement		-			59,311
Proceeds from sale of common stock / common stock to be issued		12,500			75,000
Net cash provided by financing activities		420,476			507,490

Change in cash and cash equivalents		5,958			(26,590	)
Cash and cash equivalents, beginning of period		7,909			26,590
Cash and cash equivalents, end of period	$	13,867		$	-

Supplemental disclosures of cash flow information:
Cash paid for interest	$	5,728		$	-
Cash paid for income taxes	$	-		$	-

Non cash investing and financing activities:
Issuance of common stock for conversion of debt and accrued interest	$	-		$	304,778
Conversion of Series C preferred stock in common stock	$	79,500		$	-
Beneficial conversion feature recorded on convertible debt	$	-		$	938,614
Issuance of common stock for accounts payable	$	-		$	172,414
Increase in line of credit for facility fee	$	2,500		$	-
Assets acquired with Series C preferred stock	$	-		$	120,000

~~Basis~~The accompanying notes are an integral part of ~~Presentation~~the condensed consolidated financial statements.

~~The~~5 ~~accompanying~~Table ~~interim consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States~~ of America and the rules of the Securities and Exchange Commission ("SEC"), and should be read in conjunction with the audited financial statements and notes thereto contained in the Company's Form 10-K for year ended August 31, 2015. In the opinion of management, all adjustments necessary in order for the consolidated financial statements to be not misleading have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year ended August 31, 2016. The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries, StreamTrack Media, Inc. and RadioLoyalty, Inc., California corporations. All intercompany balances and transactions have been eliminated in consolidation. In the opinion of the Company's management, the consolidated financial statements include all adjustments, which include only normal recurring adjustments, necessary for the fair presentation of the Company's financial position for the periods presented.Contents

~~Going~~ StreamTrack, ~~Concern~~Inc.

~~The~~Notes ~~Company's financial statements are prepared using accounting principles generally accepted in the United States of America applicable~~ to aCondensed ~~going~~Consolidated ~~concern,~~Financial which contemplates the realization of assets and liquidation of liabilities in the normal course of business. For the six months ended February 29, 2016, the Company recorded an operating loss of $446,443 and a net loss of $322,188. As of February 29, 2016, the Company had a working capital deficit of $4,074,748, which excluding the derivative liability was $3,547,969. The net loss and negative working capital indicate substantial doubt about the Company's ability to continue as a going concern.Statements

Management is confident but cannot guarantee that the Company will be able to raise additional capital in order to repay debts and continue operations. For fiscal 2016he Company is obligated to make payments on certain operating leases, convertible debts, and a capital lease, among others. The Company's normal operating costs are also significant and include consulting fees, professional fees, product development costs and marketing and sales costs associated with management's business plan. Since inception and through the date of these financial statements, the Company has successfully raised a significant amount of capital through debt and equity offerings. The Company anticipates launching several new product offerings and initiating certain new significant partnerships during the fiscal year ending August 31, 2016. The Company anticipates those products and partnerships to be profitable but notes that it will require an unknown amount of capital for product development and commercial deployment. The Company will attempt to have its potential partners pay for the some of these costs but management cannot be certain that it will succeed in entering into such arrangements. Management may potentially make a business decision to move forward, delay, or cancel certain partnerships because of the Company's overall capital needs. Nonetheless, the ability of the Company to continue as a going concern is dependent on the successful execution of the business plan and become profitable. If the Company is unable to become profitable and achieve and sustain positive cash flow from operations, the Company could be forced to modify its business operations or possibly cease operations entirely. Management cannot provide any assurances that the Company will be successful in its operations. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.(unaudited)

~~Use~~1. Nature of ~~Estimates~~Business

~~The~~StreamTrack, ~~preparation~~Inc. of(the ~~financial~~"Company") ~~statements~~is ina ~~conformity~~digital ~~with~~media ~~U.S.~~and ~~GAAP~~technology ~~requires~~services ~~management~~company. toThe ~~make~~Company ~~certain~~provides ~~estimates,~~audio ~~judgments,~~ and ~~assumptions~~video ~~that~~streaming ~~affect the reported amounts of assets~~ and ~~liabilities~~advertising ~~and~~services ~~the~~through ~~related~~its ~~disclosures~~RadioLoyaltyTM atPlatform (the ~~date~~"Platform") ofto ~~the~~over ~~financial statements~~5,000 asinternet ~~well~~and asterrestrial ~~the~~radio ~~reported~~stations ~~amounts of revenue~~ and ~~expenses~~other ~~during~~broadcast ~~the~~content ~~periods presented~~providers. ~~Estimates~~The ~~are~~Platform ~~used~~consists ~~for~~of ~~determining~~a ~~the~~web-based ~~allowance~~and ~~for~~mobile ~~doubtful~~player ~~accounts,~~that ~~stock-based~~manages ~~compensation,~~streaming ~~fair~~audio ~~values~~and ofvideo ~~warrants~~content, tosocial ~~purchase~~media ~~common stock~~engagement, ~~derivative~~display ~~liabilities~~ and ~~income~~video ~~taxes.~~ad Toserving within the ~~extent~~web ~~there~~player ~~are~~and ~~material~~is ~~differences~~also ~~between~~capable ~~these~~of ~~estimates,~~replacing ~~judgments,~~audio orads ~~assumptions~~with ~~and~~video ~~actual~~ads ~~results,~~within the ~~Company's~~web ~~financial~~player ~~statements~~in ~~could~~a belive ~~affected~~or on-demand environment. InThe ~~many~~Company ~~cases,~~offers the ~~accounting~~Platform ~~treatment~~directly ofto aits ~~particular~~broadcasters ~~transaction~~and isintegrates ~~specifically~~or ~~dictated~~white bylabels ~~U.S.~~its ~~GAAP~~technologies ~~and~~with ~~does~~web-based ~~not~~internet ~~require~~radio ~~management's~~guides ~~judgment~~and inother ~~its~~web-based ~~application~~content providers. ~~There~~The ~~are~~Company is also ~~areas~~continuing indevelopment ~~which~~of ~~management's~~Amped ~~judgment~~Fantasy inand ~~selecting~~SportsAlert™, ~~among~~a ~~available~~fantasy ~~alternatives~~sports ~~would~~product. ~~not~~The ~~produce~~Company was incorporated as a ~~materially~~Wyoming ~~different~~corporation ~~result~~on May 6, 2008.

6Basis of Presentation

~~Net~~The ~~Loss~~accompanying ~~Per~~interim ~~Share~~consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission ("SEC"), and should be read in conjunction with the audited financial statements and notes thereto contained in the Company's Form 10-K for year ended August 31, 2015. In the opinion of management, all adjustments necessary in order for the consolidated financial statements to be not misleading have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year ended August 31, 2016. The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries, StreamTrack Media, Inc. and RadioLoyalty, Inc., California corporations. All intercompany balances and transactions have been eliminated in consolidation. In the opinion of the Company's management, the consolidated financial statements include all adjustments, which include only normal recurring adjustments, necessary for the fair presentation of the Company's financial position for the periods presented.

~~Basic~~Going ~~net loss per share is computed by dividing the net loss by the weighted-average number of shares of common stock outstanding during the period.~~Concern

~~Diluted~~The ~~net~~Company's ~~loss~~financial ~~per~~statements ~~share~~are isprepared ~~computed~~using byaccounting ~~giving~~principles ~~effect~~generally toaccepted ~~all~~in ~~potential~~the ~~shares~~United States of ~~common~~America ~~stock,~~applicable ~~including~~to ~~convertible~~a ~~debt~~going ~~instruments~~concern, ~~preferred~~which ~~stock,~~contemplates ~~restricted~~the ~~stock~~realization ~~unit~~of ~~grants~~assets and ~~detachable~~liquidation ~~stock~~of ~~warrants~~liabilities in the normal course of business. For ~~Basic~~the nine months ended May 31, 2016, the Company recorded an operating loss of $720,015 and ~~diluted~~a net loss ~~per~~of ~~share~~$725,634. ~~was~~As ~~the~~of ~~same~~May ~~for~~31, 2016, the ~~six~~Company ~~months~~had ~~ended~~a ~~February~~working 29capital deficit of $3,958,692, ~~2016~~which ~~and~~excluding ~~February~~the 28derivative liability was $460,789. ~~2015~~The ~~presented~~net asloss ~~the~~and ~~inclusion~~negative ofworking ~~all~~capital ~~potential~~indicate ~~common~~substantial ~~shares~~doubt ~~outstanding~~about ~~would~~the ~~have~~entity's ~~been~~ability ~~anti-dilutive~~to continue as a going concern.

~~The~~Management ~~following~~is confident but cannot guarantee that the Company will be able to raise additional capital in order to repay debts and continue operations. As of August 31, 2015, during fiscal 2016, the Company is obligated to make payments on certain operating leases, convertible debts, and a capital lease, among others. The Company's normal operating costs are also significant and include consulting fees, professional fees, product development costs and marketing and sales costs associated with management's business plan. Since inception and through the ~~calculation~~date of ~~dilutive~~these ~~shares~~financial ~~for~~statements, the ~~three~~Company ~~months~~has ~~ended~~successfully ~~February~~raised 29a significant amount of capital through debt and equity offerings. The Company anticipates launching several new product offerings and initiating certain new significant partnerships during the fiscal year ending August 31, 2016. The Company anticipates those products and ~~February~~partnerships 28to be profitable but notes that it will require an unknown amount of capital for product development and commercial deployment. The Company will attempt to have its potential partners pay for the some of these costs but management cannot be certain that it will succeed in entering into such arrangements. Management may potentially make a business decision to move forward, ~~2015:~~delay, or cancel certain partnerships because of the Company's overall capital needs. Nonetheless, the ability of the Company to continue as a going concern is dependent on the successful execution of the business plan and become profitable. If the Company is unable to become profitable and sustain positive cash flow from operations, the Company could be forced to modify its business operations or possibly cease operations entirely. Management cannot provide any assurances that the Company will be successful in its operations. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

	For the Three		For the Three
	Months Ended		Months Ended
	February 29,		February 25,
	2016		2015
Weighted-average common shares outstanding used in computing basic net income per share:		3,990,827,488		968,543,899
Common stock equivalents:
Creditor #2 Notes		7,113,490,910		7,310,800,000
Creditor #3 Notes		1,244,666,667		1,504,666,667
Vendor note		-		85,000,000
Convertible promissory notes		12,695,237,112		9,477,494,726
Series C Preferred Stock		116,900,000		681,818,182
Weighted-average common shares outstanding used in computing dilutive net income per share:		25,161,122,177		20,028,323,474

Use of Estimates

The ~~following~~preparation isof financial statements in conformity with U.S. GAAP requires management to make certain estimates, judgments, and assumptions that affect the ~~reconciliation~~reported amounts of ~~net~~assets ~~income~~and ~~used~~liabilities inand the ~~calculation~~related disclosures at the date of the ~~dilutive~~financial ~~income~~statements, ~~per~~as ~~share~~well as the reported amounts of revenue and expenses during the periods presented. Estimates are used for determining the ~~three~~allowance ~~months~~for ~~ended~~doubtful ~~February~~accounts, 29stock-based compensation, ~~2016~~fair values of warrants to purchase common stock, derivative liabilities and ~~February~~income 28taxes. To the extent there are material differences between these estimates, ~~2015:~~judgments, or assumptions and actual results, the Company's financial statements could be affected. In many cases, the accounting treatment of a particular transaction is specifically dictated by U.S. GAAP and does not require management's judgment in its application. There are also areas in which management's judgment in selecting among available alternatives would not produce a materially different result.

	For the Three		For the Three
	Months Ended		Months Ended
	February 29,		February 28,
	2016		2015
Net income available to common stock holders:	$	111,684	$	4,241,341
Adjustments:
Accrued interest on convertible notes		28,320		128,113
Accretion of discount on convertible notes		123,486		331,760
Net income used in the calculation of the dilutive income per share:	$	263,490	$	4,701,214

Table of Contents

~~Recent~~Net ~~Accounting~~Loss ~~Pronouncements~~Per Share

InBasic ~~May~~net ~~2014,~~loss ~~the~~per ~~FASB~~share ~~issued Accounting Standards Update No. 2014-09, "Revenue from Contracts with Customers", which supersedes most of the current revenue recognition requirements. The core principle of the new guidance~~ is ~~that~~computed anby ~~entity~~dividing ~~should recognize revenue to depict~~ the ~~transfer~~net ofloss ~~promised~~by ~~goods or services to customers in an amount that reflects~~ the ~~consideration~~weighted-average tonumber ~~which the entity expects to be entitled in exchange for these goods or services. New disclosures about the nature, amount, timing and uncertainty~~ of ~~revenue~~shares ~~and cash flows arising from contracts with customers are also required. This guidance is effective for the Company in the first quarter~~ of ~~fiscal~~common ~~year~~stock ~~2018~~outstanding ~~and~~during ~~early application is not permitted. Entities must adopt~~ the ~~new guidance using one of two retrospective application methods~~period. ~~The Company is currently evaluating the standard but does not expect it to have a material impact on our financial position, results of operations or cash flows.~~

7Diluted net loss per share is computed by giving effect to all potential shares of common stock, including convertible debt instruments, preferred stock, restricted stock unit grants and detachable stock warrants. Basic and diluted net loss per share was the same for the nine months ended May 31, 2016 and 2015 presented as the inclusion of all potential common shares outstanding would have been anti-dilutive.

InRecent ~~August~~Accounting 2014, the FASB issued ASU 2014-15, which provides guidance on determining when and how to disclose going-concern uncertainties in the financial statements. The new standard requires management to perform interim and annual assessments of an entity's ability to continue as a going concern within one year of the date the financial statements are issued. An entity must provide certain disclosures if "conditions or events raise substantial doubt about the entity's ability to continue as a going concern." The ASU applies to all entities and is effective for annual periods ending after December 15, 2016, and interim periods thereafter, with early adoption permitted.Pronouncements

~~The~~In ~~Financial~~May 2014, the FASB issued Accounting Standards ~~Board~~Update ~~issues~~No. ~~Accounting~~2014-09, ~~Standard~~"Revenue ~~Updates~~from (Contracts with Customers"~~ASUs")~~, towhich ~~amend~~supersedes most of the ~~authoritative~~current ~~literature~~revenue inrecognition ~~Accounting~~requirements. ~~Standards~~The ~~Codification~~core ~~("ASC").~~principle ~~There~~of ~~have~~the ~~been~~new aguidance ~~number~~is that an entity should recognize revenue to depict the transfer of ~~ASUs~~promised goods or services to ~~date~~customers in an amount that ~~amend~~reflects the ~~original~~consideration ~~text~~to ofwhich ~~ASC.~~the ~~The~~entity ~~Company~~expects ~~believes~~to ~~those~~be ~~issued~~entitled toin ~~date~~exchange ~~either~~for ~~(i)~~these ~~provide~~goods ~~supplemental~~or ~~guidance,~~services. ~~(ii)~~New ~~are~~disclosures ~~technical~~about ~~corrections~~the nature, ~~(iii)~~amount, timing and uncertainty of revenue and cash flows arising from contracts with customers are also required. This guidance is effective for the Company in the first quarter of fiscal year 2018 and early application is not ~~applicable~~permitted. toEntities must adopt the new guidance using one of two retrospective application methods. The Company oris ~~(iv)~~currently ~~are~~evaluating the standard but does not ~~expected~~expect it to have a ~~significant~~material impact on ~~the~~our ~~Company~~financial position, results of operations or cash flows.

2In August 2014, the FASB issued ASU 2014-15, which provides guidance on determining when and how to disclose going-concern uncertainties in the financial statements. ~~Composition~~The new standard requires management to perform interim and annual assessments of ~~Certain~~an ~~Financial~~entity's ~~Statement~~ability ~~Captions~~to continue as a going concern within one year of the date the financial statements are issued.2 An entity must provide certain disclosures if "conditions or events raise substantial doubt about the entity's ability to continue as a going concern." The ASU applies to all entities and is effective for annual periods ending after December 15, 2016, and interim periods thereafter, with early adoption permitted.

~~Property~~The ~~and~~Financial ~~Equipment~~Accounting Standards Board issues Accounting Standard Updates ("ASUs") to amend the authoritative literature in Accounting Standards Codification ("ASC"). There have been a number of ASUs to date that amend the original text of ASC. The Company believes those issued to date either (i) provide supplemental guidance, (ii) are technical corrections, (iii) are not applicable to the Company or (iv) are not expected to have a significant impact on the Company.

~~Property~~2. Composition ~~and~~of ~~equipment~~Certain ~~consisted~~Financial ofStatement ~~the following:~~Captions

	February 29,2016			August 31,2015
Software	$	1,805,483		$	1,775,220
Servers, computers, and other related equipment		153,824			198,924
Leasehold improvements		1,675			1,675
		2,004,996			1,975,819
Less accumulated depreciation and amortization		(1,425,018	)		(1,314,846	)
Property and equipment, net	$	535,964		$	660,973

Property and Equipment

~~Depreciation~~Property ~~expense totaled $155,272~~ and ~~$204,764~~equipment ~~for~~consisted ~~the six months ended February 29, 2016 and 2015, respectively. There have been no write-offs or impairments~~ of ~~property and equipment since~~ the ~~Company's inception on November 30, 2011.~~following:

Accounts Payable and Accrued Expenses

	May 31, 2016			August 31, 2015

Software	$	1,807,019		$	1,775,220
Servers, computers, and other related equipment		153,824			198,924
Leasehold improvements		1,675			1,675
		1,962,518			1,975,819
Less accumulated depreciation and amortization		(1,558,662	)		(1,314,846	)
Property and equipment, net	$	403,856		$	660,973

~~Accounts~~Depreciation ~~payable~~expense totaled $288,916 and ~~accrued~~$267,871 ~~expenses~~for ~~consisted~~the nine months ended May 31, 2016 and 2015, respectively. There have been no write-offs or impairments of property and equipment since the ~~following:~~Company's inception on November 30, 2011.

	February 29,2016		August 31,2015
Accounts payable	$	698,095	$	751,129
Accrued interest		240,607		184,007
Accrued broadcaster commissions		90,510		92,304
Credit card		17,659		120,049
Accounts payable and accrued expenses	$	1,037,871	$	1,147,489

Table of Contents

8Accounts Payable and Accrued Expenses

3.Accounts ~~Fair~~payable ~~Value~~and accrued expenses consisted of the following:

Fair value is an exit price, representing the amount that would be received from the sale of an asset or paid to transfer a liability in an orderly transaction between market participants. As such, fair value is a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset or liability. Fair value measurements are required to be disclosed by level within the following fair value hierarchy:

	May 31, 2016		August 31, 2015

Accounts payable	$	751,578	$	751,129
Accrued interest		269,817		184,007
Accrued broadcaster commissions		94,862		92,304
Credit card		37,002		120,049
Accounts payable and accrued expenses	$	1,153,259	$	1,147,489

~~Level 1– Inputs are unadjusted, quoted prices in active markets for identical assets or liabilities at the measurement date~~3. Fair Value

~~Level~~Fair 2value –is ~~Inputs~~an ~~(other~~exit ~~than~~price, ~~quoted~~representing ~~prices~~the ~~included~~amount inthat ~~Level~~would 1)be ~~are~~received ~~either~~from ~~directly~~the orsale ~~indirectly~~of ~~observable~~an ~~for the~~ asset or paid to transfer a liability ~~through~~in ~~correlation~~an ~~with~~orderly transaction between market ~~data~~participants. atAs ~~the~~such, fair value is a market-based measurement ~~date~~that ~~and~~should ~~for~~be ~~the~~determined ~~duration~~based ofon ~~the~~assumptions ~~instrument's~~that ~~anticipated~~market ~~life~~participants would use in pricing an asset or liability. Fair value measurements are required to be disclosed by level within the following fair value hierarchy:

Level 3 1– Inputs ~~lack~~are ~~observable~~unadjusted, ~~market~~quoted ~~data~~prices toin ~~corroborate~~active ~~management's~~markets ~~estimate~~for ofidentical ~~what~~assets ~~market participants would use in pricing the asset~~ or ~~liability~~liabilities at the measurement date. ~~Consideration is given to the risk inherent in the valuation technique and the risk inherent in the inputs to the model.~~

~~When~~Level ~~determining~~2 ~~fair~~– ~~value,~~Inputs ~~whenever~~(other ~~possible~~than ~~the~~quoted ~~Company~~prices ~~uses~~included ~~observable~~in ~~market~~Level ~~data,~~1) ~~and~~are ~~relies~~either ondirectly ~~unobservable~~or ~~inputs~~indirectly ~~only when~~ observable ~~market~~for ~~data~~the isasset ~~not~~or ~~available.~~liability ~~Fair-value~~through ~~estimates~~correlation ~~discussed~~with ~~herein are based upon certain~~ market ~~assumptions~~data ~~and~~at ~~pertinent~~the ~~information~~measurement ~~available~~date ~~to management as of February 29, 2016~~ and August 31, 2015. The respective carrying value of certain on-balance-sheet financial instruments approximated their fair values. These financial instruments include cash, accounts receivable, prepaids, accounts payable, accrued liabilities, notes payable, and convertible notes payable. Fair values for ~~these~~the ~~items~~duration ~~were assumed to approximate carrying values because~~ of ~~their~~the ~~short~~instrument's ~~term~~anticipated ~~in nature or they are payable on demand~~life.

~~The~~Level ~~fair~~3 ~~value~~– Inputs lack observable market data to corroborate management's estimate of ~~these~~what ~~financial~~market ~~assets~~participants ~~and~~would ~~liabilities~~use ~~was~~in ~~determined~~pricing ~~using~~the asset or liability at the ~~following~~measurement date. Consideration is given to the risk inherent in the valuation technique and the risk inherent in the inputs: to the model.

	Fair Value Measurement Using
	Quoted Prices inActive Marketsfor IdenticalInstruments(Level 1)		SignificantOtherObservableInputs(Level 2)		SignificantUnobservableInputs(Level 3)		Total
Fair values as of February 29, 2016
Liabilities:
Derivative liabilities	$	-	$	526,779		-	$	526,779
Total liabilities measured at fair value	$	-	$	526,779		-	$	526,779
Fair values as of August 31, 2015
Liabilities:
Derivative liabilities		-	$	898,856		-	$	898,856
Total liabilities measured at fair value	$	-	$	898,856		-	$	898,856

When determining fair value, whenever possible the Company uses observable market data, and relies on unobservable inputs only when observable market data is not available. Fair-value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of May 31, 2016 and August 31, 2015. The respective carrying value of certain on-balance-sheet financial instruments approximated their fair values. These financial instruments include cash, accounts receivable, prepaids, accounts payable, accrued liabilities, notes payable, and convertible notes payable. Fair values for these items were assumed to approximate carrying values because of their short term in nature or they are payable on demand.

The ~~Company's derivative liabilities were classified as Level 2 within the~~ fair value ~~hierarchy~~of ~~because~~these ~~they~~financial ~~were~~assets ~~valued~~and ~~using~~liabilities ~~significant~~was ~~other~~determined ~~observable inputs. At each reporting period, the Company calculates the derivative liability~~ using the ~~Black-Scholes~~following ~~pricing model taking into account variables such as expected life, risk free interest rate, expected volatility, the fair market value of the Company's common stock and the conversion price.~~inputs:

	Fair Value Measurement Using
	Quoted Prices in Active Markets for Identical Instruments (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total

Fair values as of May 31, 2016
Liabilities:
Derivative liabilities	$	-	$	460,789		-	$	460,789

Total liabilities measured at fair value	$	-	$	460,789		-	$	460,789

Fair values as of August 31, 2015
Liabilities:
Derivative liabilities		-	$	898,856		-	$	898,856

Total liabilities measured at fair value	$	-	$	898,856		-	$	898,856

4The Company's derivative liabilities were classified as Level 2 within the fair value hierarchy because they were valued using significant other observable inputs. ~~Asset~~At ~~Acquisition~~each /reporting ~~Disposition~~period, the Company calculates the derivative liability using the Black-Scholes pricing model taking into account variables such as expected life, risk free interest rate, expected volatility, the fair market value of the Company's common stock and the conversion price.

~~Asset~~8 ~~Acquisitions~~Table of Contents

On4. ~~April 24, 2015, the Company, entered into an~~ Asset ~~Purchase~~Acquisition ~~Agreement~~/ with Lux Digital Pictures GmbH Partners ("Lux") pursuant to which, the Company issued 800 shares of Series C Convertible Preferred Stock for the rights to various domains, source codes, etc related to Lux's Sports Alert and Amped Fantasy Sports products. The Company determined the price of the Series C issued to be $120,000 based upon the conversion value of $150 worth of common stock for each share of Series C. The Company recorded the value of the asset as software within property and equipment on the accompanying consolidated balance sheets. The Company capitalized the value of the Series C as the products received were near completion and needed limited modification prior to being placing into production. The expected life of the asset acquired was estimated to be 36 months.Disposition

Asset ~~Disposition~~Acquisitions

On ~~February~~April 1924, ~~2016~~2015, the Company, entered into ~~and closed~~ an Asset Purchase Agreement with ~~Electric~~Lux ~~Lightwave,~~Digital ~~LLC~~Pictures GmbH Partners ("~~Electric Lightwave~~Lux") pursuant to which, athe ~~wholly~~Company ~~owned~~issued ~~subsidiary~~800 shares of ~~Integra~~Series ~~Telecom~~C ~~Holdings,~~Convertible ~~Inc.~~Preferred ~~pursuant~~Stock for the rights to ~~which~~various domains, ~~Electric~~source ~~Lightwave~~codes, ~~purchased~~etc ~~from~~related ~~the~~to ~~Company~~Lux's ~~certain~~Sports ~~assets~~Alert ~~related~~and toAmped ~~the~~Fantasy Sports products. The Company's ~~data~~determined ~~center~~the ~~located~~price inof ~~Santa~~the ~~Barbara,~~Series ~~including~~C ~~equipment~~issued ~~and~~to ~~inventory~~be $120,000 ~~for~~based aupon ~~purchase~~the ~~price~~conversion value of $150~~,000.~~ Asworth of ~~the~~common ~~date~~stock for each share of Series C. The Company recorded the ~~sale~~value ~~all~~of the ~~assets~~asset ~~were~~as ~~fully~~software ~~depreciated.~~within Inproperty ~~connection~~and ~~with~~equipment on the ~~transaction,~~accompanying ~~the~~consolidated balance sheets. The Company ~~recorded~~capitalized athe ~~gain~~value of ~~$146,012,~~the Series C as ~~rent~~the ~~deposit~~products ofreceived ~~$3,988~~were ~~was~~near ~~transferred~~completion asand ~~part~~need oflimited ~~the~~modification ~~sale,~~prior ~~which~~to isthe ~~recorded~~Company ~~within~~placing ~~gain~~into onproduction. ~~sale~~The expected life of ~~co-location~~the ~~and~~asset ~~domain~~acquired onwas ~~the~~estimated ~~accompanying~~to ~~statement~~be of36 ~~operations~~months.

5.Asset ~~Commitments and Contingencies~~Disposition

On ~~October~~February 2319, ~~2013~~2016, the ~~Superior~~Company, ~~Court~~entered ininto ~~the~~and ~~Judicial~~closed ~~District~~an ofAsset ~~Danbury~~Purchase Agreement with Electric Lightwave, ~~Connecticut~~LLC ~~entered~~("Electric anLightwave"), ~~order~~a ~~approving~~wholly ~~the~~owned ~~stipulation~~subsidiary of ~~the~~Integra ~~parties~~Telecom (Holdings, Inc. pursuant to which, Electric Lightwave purchased from the ~~"Stipulation")~~Company incertain assets related to the ~~matter~~Company's ofdata ~~ASC~~center ~~Recap~~located ~~LLC~~in ~~("ASC")~~Santa v.Barbara, ~~StreamTrack~~including equipment and inventory, ~~Inc~~for a purchase price of $150,000. ~~Under~~As of the ~~Stipulation,~~date of the ~~Company~~sale ~~agreed~~all tothe ~~issue,~~assets aswere ~~settlement~~fully ofdepreciated. ~~liabilities~~In ~~owed~~connection bywith the transaction, the Company torecorded ~~ASC~~a ingain ~~the~~of ~~aggregate~~$146,012, ~~amount~~as rent deposit of $~~766~~3,~~288~~988 ~~(the~~was ~~"Claim~~transferred ~~Amount")~~as part of the sale, ~~shares~~which is recorded within gain on sale of ~~common~~co-location ~~stock~~and (domain on the ~~"Settlement~~accompanying ~~Shares")~~statement asof ~~follows:~~operations.

~~(a)~~5. InCommitments ~~one or more tranches as necessary, 3,740,000 shares of common stock (the "Initial Issuance")~~ and ~~an additional 200,000 shares of common stock as a settlement fee.~~Contingencies

~~(b)~~ On ~~Through~~October ~~the~~23, ~~Initial~~2013, ~~Issuance~~the ~~and~~Superior ~~any~~Court ~~required~~in ~~additional~~the ~~issuances,~~Judicial ~~that~~District ~~number~~ of ~~shares~~Danbury, ofConnecticut ~~common~~entered ~~stock with~~ an ~~aggregate~~order ~~value~~approving ~~equal to (A)~~ the ~~sum~~stipulation of ~~(i)~~ the ~~Claim~~parties ~~Amount and~~ (iithe "Stipulation") ~~reasonable attorney fees and trade execution fees~~ in the ~~amount~~matter of ~~$75,000,~~ASC ~~divided~~Recap byLLC (B"ASC") ~~the~~v. ~~Purchase~~StreamTrack, ~~Price~~Inc. ~~(defined~~Under ~~under~~ the Stipulation, as the ~~market~~Company ~~price~~agreed ~~(defined~~to issue, as ~~the~~settlement ~~lowest~~of ~~closing~~liabilities ~~bid~~owed ~~price~~by of the Company's ~~common~~to ~~stock~~ASC ~~during the valuation period set forth~~ in the ~~Stipulation)~~aggregate ~~less~~amount ~~the product~~ of ~~the~~$766,288 ~~Discount~~ (~~equal~~the to"Claim ~~25%~~Amount"), ~~and~~shares ~~the~~of ~~market~~common ~~price.~~stock ~~The parties reasonably estimated that~~ (the ~~fair market value of the~~ "Settlement Shares") ~~and~~as ~~all other amounts to be received by ASC is equal to approximately $1,100,000.~~follows:

(ca) IfIn atone ~~any~~or ~~time~~more ~~during~~tranches ~~the~~as ~~valuation~~necessary, ~~period~~3,740,000 ~~the~~shares ~~closing bid price~~ of ~~the Company's~~ common stock ~~is below 90% of~~ (the ~~closing~~"Initial ~~bid~~Issuance") ~~price~~and ~~on the day before~~ an ~~issuance~~additional ~~date~~200,000 ~~the~~shares ~~Company~~of ~~will~~common ~~immediately~~stock ~~cause to be issued to ASC such additional shares~~ as ~~may~~a besettlement ~~required to effect the purposes of the Stipulation~~fee.

(db) ~~Notwithstanding~~Through ~~anything~~the Initial Issuance and any required additional issuances, that number of shares of common stock with an aggregate value equal to (A) the ~~contrary~~sum of (i) the Claim Amount and (ii) reasonable attorney fees and trade execution fees in the ~~Stipulation~~amount of $75,000, divided by (B) the ~~number~~Purchase ofPrice ~~shares~~(defined ~~beneficially~~under ~~owned~~the byStipulation ~~ASC~~as ~~will~~the ~~not~~market ~~exceed~~price ~~9.99%~~(defined as the lowest closing bid price of the Company's ~~outstanding~~ common stock during the valuation period set forth in the Stipulation) less the product of the Discount (equal to 25%) and the market price. The parties reasonably estimated that the fair market value of the Settlement Shares and all other amounts to be received by ASC is equal to approximately $1,100,000.

In(c) ~~connection~~If ~~with~~at any time during the ~~Settlement~~valuation ~~Shares,~~period the closing bid price of the Company's ~~relied~~common stock is below 90% of the closing bid price on the ~~exemption~~day ~~from~~before ~~registration~~an ~~provided~~issuance bydate, ~~Section~~the ~~3(a)(10)~~Company ~~under~~will immediately cause to be issued to ASC such additional shares as may be required to effect the ~~Securities~~purposes ~~Act~~of the Stipulation.

10(d) Notwithstanding anything to the contrary in the Stipulation, the number of shares beneficially owned by ASC will not exceed 9.99% of the Company's outstanding common stock.

In connection with the ~~settlement,~~Settlement ~~during the six months ended February 28~~Shares, ~~2015~~ the Company ~~issued~~relied ~~223,423,000~~on ~~shares~~the ofexemption ~~common stock to ASC in which gross proceeds of $221,472 were generated~~ from ~~the~~registration ~~sale of the common shares. In connection with the transaction, ASC received fees of $56,681 and~~ provided ~~payments of $164,791 to settle outstanding vendor payables. There were no shares issued to ASC during the six months ended February 29, 2016. The remaining amount on the settlement of liabilities owed~~ by ~~the~~Section ~~Company~~3(a)(10) tounder ~~ASC is in~~ the ~~aggregate~~Securities ~~amount of $151,290 as of February 29, 2016~~Act. The Company cannot reasonably estimate the amount of proceeds ASC expects to receive from the sale of these shares which will be used to satisfy the liabilities. Thus, the Company accounts for the transaction as the shares are sold and the liabilities are settled. All amounts are included within accounts payable. Shares which are held by ASC at each reporting period are accounted for as issued but not outstanding.

~~Legal~~In ~~Proceedings~~connection with the settlement, during the nine months ended May 31, 2015 the Company issued 336,993,000 shares of common stock to ASC in which gross proceeds of $231,725 were generated from the sale of the common shares. In connection with the transaction, ASC received fees of $59,311 and provided payments of $172,414 to settle outstanding vendor payables. There were no shares issued to ASC during the nine months ended May 31, 2016. The remaining amount on the settlement of liabilities owed by the Company to ASC is in the aggregate amount of $151,290 as of May 31, 2016. The Company cannot reasonably estimate the amount of proceeds ASC expects to receive from the sale of these shares which will be used to satisfy the liabilities. Thus, the Company accounts for the transaction as the shares are sold and the liabilities are settled. All amounts are included within accounts payable. Shares which are held by ASC at each reporting period are accounted for as issued but not outstanding.

~~The~~Legal Company is potentially subject to various legal proceedings and claims arising in the ordinary course of its business. There are no pending legal proceedings against the Company as of the date of these financial statements.Proceedings

6The Company is potentially subject to various legal proceedings and claims arising in the ordinary course of its business. ~~Capital~~There ~~Lease~~are no pending legal proceedings against the Company as of the date of these financial statements.

On March 22, 2013, the Company reached a settlement and release agreement with IBM Credit, LLC, ("IBM") the lessor associated with the Company's computer servers and software classified under capital lease. The balance owed to IBM as of March 22, 2013 was agreed to be $108,704. The Company agreed to make payments of $9~~,000~~ ~~per~~Table ~~month, with a final payment~~ of $9,704 on March 1, 2014, in order to satisfy this balance. As of February 29, 2016 and August 31, 2015, the Company was in default of this agreement and the amount outstanding of $54,704 is reflected as a current liability on the accompanying consolidated balance sheets. Contents

76. Capital ~~Related Party Transactions~~Lease

~~The~~On ~~Company~~March ~~has~~22, ~~only~~2013, ~~been~~the ~~operating~~Company ~~since~~reached ~~November~~a ~~30,~~settlement ~~2011.~~and Asrelease aagreement ~~result,~~with ~~the~~IBM ~~Company~~Credit, ~~has~~LLC, an("IBM") ~~extremely~~the ~~limited~~lessor ~~credit~~associated ~~history.~~with ~~The~~the Company's ~~Chief~~computer ~~Executive~~servers ~~Officer,~~ and ~~the~~software ~~Chief~~classified ~~Executive~~under ~~Officer~~capital oflease. ~~StreamTrack~~The ~~Media,~~balance ~~Inc.~~owed ~~(the~~to ~~"Executives")~~IBM ~~frequently~~as ~~use~~of ~~their~~March ~~personal~~22, ~~credit~~2013 ~~cards~~was agreed to ~~fund~~be ~~the Company's operations~~$108,704. IfThe ~~the~~ Company ~~did~~agreed ~~not~~to ~~have~~make ~~access~~payments toof ~~these~~$9,000 ~~credit~~per ~~cards~~month, ~~the~~with ~~Company~~a ~~would~~final ~~have~~payment toof ~~rely~~$9,704 ~~exclusively~~ on ~~external~~March ~~sources~~1, of2014, ~~capital.~~in ~~The~~order ~~Company's~~to ~~external~~satisfy ~~sources~~this ofbalance. ~~capital~~As ~~are~~of ~~not~~May ~~always~~31, ~~readily~~2016 ~~available.~~and AsAugust a31, ~~result~~2015, inthe ~~time-constrained~~Company ~~circumstances,~~was ~~such~~in ~~use~~default of ~~personal~~this ~~credit~~agreement ~~cards~~and isthe ~~necessary~~amount ~~until~~outstanding ~~such~~of ~~time~~$54,704 asis ~~the~~reflected ~~Company~~as ~~establishes~~a ~~its~~current ~~own~~liability ~~credit-worthiness~~on ~~and~~the isaccompanying ~~able~~consolidated tobalance ~~more readily accesssignificant credit~~sheets.

The related party payable as of February 29, 2016 and August 31, 2015 consists of unpaid compensation and non-interest bearing cash advances and charges on personal credit lines made on behalf of the Company by the Executives7. Related ~~The~~Party balances owed to the Executives are not secured and are due on demand. Interest will be charged on these balances based upon effective credit card rates. During the three months ended February 28, 2015, the Executives converted a significant portion of amounts due to them for unpaid compensation and other advances to long-term convertible notes payable, see Note 8 for additional information. In addition, the Executives agreed to a temporary reduction in their annual salary from $240,000 to $50,000 per year for the period from December 1, 2014 to December 1, 2015. As of February 29, 2016 and August 31, 2015, amounts due to these Executive related to accrued compensation and advances were $187,310 and $159,660, respectively.Transactions

~~See~~The ~~Notes~~Company 8has only been operating since November 30, 2011. As a result, the Company has an extremely limited credit history. The Company's Chief Executive Officer, and 10the ~~for~~Chief ~~additional~~Executive ~~related~~Officer ~~party~~of ~~transactions~~StreamTrack Media, Inc. (the "Executives") use their personal credit cards to fund operations on a frequent basis. If the Company did not have access to these credit cards, the Company would have to rely exclusively on external sources of capital. The Company's external sources of capital are not always readily available. As a result, in time-constrained circumstances, the use of personal credit cards is necessary until such time as the Company is able to build up its own credit-worthiness and access more readily available and significant credit.

11The related party payable as of May 31, 2016 and August 31, 2015 consists of unpaid compensation and non-interest bearing cash advances and charges on personal credit lines made on behalf of the Company by the Executives. The balances owed to the Executives are not secured and are due on demand. Interest will be charged on these balances based upon effective credit card rates. During the nine months ended May 31, 2015, the Executives converted a significant portion of amounts due to them for unpaid compensation and other advances to long-term convertible notes payable, see Note 8 for additional information. In addition, the Executives agreed to a temporary reduction in their annual salary from $240,000 to $50,000 per annum for the period from December 1, 2014 to December 1, 2015. As of May 31, 2016 and August 31, 2015, amounts due to these Executive related to accrued compensation and advances were $227,668 and $159,660, respectively.

See Notes 8. ~~Debt~~and ~~Instruments~~10 for additional related party transactions.

~~Asset-Based~~ 8. Debt ~~Financing~~Instruments

~~On April 11, 2013, the Company executed a non~~Asset-~~dilutive~~Based ~~asset-based~~Debt ~~debt financing (the "Lender~~ Financing") with a third party (the "Lender"). The Lender Financing for a line of credit, secured by all of the Company's assets. The Company's management also executed limited recourse guarantees with the Lender. Interest is payable monthly based on a floating interest rate determined based on a formula outlined in detail within the financing agreement. The Company anticipates the effective monthly interest rate charged on the outstanding balance owed to the third party will be between 3.2% and 1.1%.

On ~~January~~April 2211, ~~2016~~2013, the Company executed ana ~~addendum~~non-dilutive toasset-based debt financing (the "Lender Financing") ~~agreement~~with ~~whereby~~a third party (the ~~maturity~~"Lender"). ~~date~~The ~~has~~Lender ~~been~~Financing ~~extended~~for toa ~~December~~line 15of credit, ~~2016~~secured ~~with~~by ~~interest~~all ~~calculated~~of atthe ~~Prime~~Company's ~~plus 15~~assets.~~25%~~ ~~per~~The ~~year.~~Company's Inmanagement ~~the~~also ~~event~~executed ~~the~~limited ~~facility~~recourse isguarantees ~~(i)~~with ~~below~~the ~~$750,000~~Lender. ~~prior~~Interest tois ~~March~~payable ~~15,~~monthly ~~2016~~based ~~the~~on a floating interest rate ~~shall~~determined bebased ~~Prime~~on ~~plus~~a ~~12.5%;~~formula ~~and~~outlined ~~(ii)~~in ~~below~~detail ~~$500,000~~within ~~prior~~the tofinancing ~~June~~agreement. ~~15,~~The ~~2016~~Company anticipates the effective monthly interest rate ~~shall~~charged on the outstanding balance owed to the third party will be ~~Prime~~between ~~plus~~3.2% 10and 1.1%.

~~Vendor~~On ~~Convertible~~January ~~Note~~22, 2016, the Company executed an addendum to the Lender Financing agreement whereby the maturity date has been extended to December 15, 2016 with interest calculated at Prime plus 15.25% per annum. In the event the facility is below $750,000 prior to March 15, 2016 the interest rate shall be Prime plus 12.5%; below $500,000 prior to June 15, 2016 the interest rate shall be Prime plus 10%.

~~On November 1, 2012, the Company issued a convertible note for $140,000 (the "~~Vendor ~~Note")~~Convertible ~~to a former Vendor ("Vendor"). The Vendor~~ Note was immediately convertible into the Company's common stock at a 50% discount to the lowest bid price for the five days prior to the conversion date. As of August 31, 2015, the note was fully converted.

~~Creditor~~On #2November ~~Convertible~~1, ~~Promissory~~2012, ~~Notes~~the Company issued a convertible note for $140,000 (the "Vendor Note") to a former Vendor ("Vendor"). The Vendor Note was executed on November 1, 2012 and was immediately convertible into the Company's common stock at a 50% discount to the lowest bid price for the five days prior to the conversion date. As of August 31, 2015, the note was fully converted.

~~In April 2014, the~~ Creditor ~~entered into an exchange agreement with another lender (the "Creditor~~ #2") ~~whereby~~Convertible ~~the~~Promissory Creditor transferred the Creditor's notes and accrued interest to Creditor #2. In April, the Company entered into i) a note agreement for $284,560 representing amounts transferred from the Creditor; ii) two $125,000 notes in which the proceeds were received on the same date (collectively referred to as the "Creditor #2 Notes") with Creditor #2. The Creditor #2 Notes bear interest per year at 10.0%, payable six months after the issuance date and are convertible on the date of issuance based upon based upon a 45% discount to lowest trading price, for the 15 trading days prior to conversion. As a result, the lower the stock price at the time the Creditor #2 converts the Creditor #2 Notes, the more common shares the Creditor #2 will receive. There were no conversions during the six months ended February 29, 2016 and thus the remaining principal balance was $391,242 as of February 29, 2016 and August 31, 2015.

ToIn ~~the~~April ~~extent~~2014, the Creditor #2entered ~~converts~~into ~~the~~an ~~Creditor~~exchange #2agreement ~~Notes~~with ~~and~~another ~~then~~lender ~~sells~~(the ~~its~~"Creditor ~~common~~#2") ~~stock,~~whereby the ~~market~~Creditor ~~price~~transferred of the ~~common~~Creditor's ~~stock~~notes ~~may~~and ~~decrease~~accrued ~~due~~interest to ~~the~~Creditor ~~additional~~#2. ~~shares~~In inApril, the ~~market.~~Company ~~This~~entered ~~could~~into ~~allow~~i) ~~the~~a ~~Creditor~~note #2agreement tofor ~~receive~~$284,560 ~~greater~~representing amounts oftransferred ~~common~~from ~~stock~~the ~~upon~~Creditor; ~~conversion.~~ii) ~~The~~two ~~sale~~$125,000 ofnotes ~~each~~in ~~share~~which ofthe ~~common~~proceeds ~~stock~~were ~~could~~received ~~further~~on ~~depress~~ the ~~stock~~same ~~price.~~date ~~Due~~(collectively referred to as the ~~floating~~"Creditor ~~conversion~~#2 ~~price~~Notes") ofwith ~~the~~Creditor ~~notes,~~#2. ~~the~~The ~~Company~~Creditor ~~does~~#2 ~~not~~Notes ~~know~~bear ~~the~~interest ~~exact~~per ~~number~~annum ofat ~~shares~~10.0%, ~~that~~payable ~~the~~six ~~Creditor~~months #2after ~~may~~the beissuance ~~issued~~date ~~upon~~and ~~conversion.~~are ~~The~~convertible ~~shares~~on ~~issuable~~the ~~upon~~date ~~conversion~~ of ~~the~~issuance ~~Creditor~~based #2upon ~~Notes~~based ~~may~~upon ~~result~~a in45% ~~substantial~~discount ~~dilution~~ to ~~the~~lowest ~~interests~~trading ofprice, for the ~~Company's~~15 ~~other~~trading ~~shareholders~~days prior to conversion. InAs ~~this~~a ~~regard~~result, ~~even~~the ~~though~~lower the ~~investor~~stock ~~may~~price ~~not~~at ~~hold~~the ~~shares~~time ~~amounting~~the toCreditor ~~more~~#2 ~~than~~converts ~~9.99% of~~ the ~~outstanding~~Creditor ~~shares~~#2 ~~at one time~~Notes, ~~this~~the ~~restriction~~more ~~does~~common ~~not~~shares ~~prevent~~ the ~~investor~~Creditor ~~from~~#2 ~~selling~~will ~~some~~receive. ofThere ~~its~~were ~~holdings~~no ~~and~~conversions ~~then~~during ~~receiving~~the ~~additional~~nine ~~shares.~~months Inended ~~this~~May ~~way~~31, ~~the~~2016 ~~investor~~and ~~could~~thus ~~sell~~the ~~more~~remaining ~~than~~principal ~~the~~balance ~~9.99%~~was ~~limit~~$391,242 ~~while~~as ~~never~~of ~~holding~~May ~~more~~31, ~~than~~2016 ~~the~~and ~~limit~~August 31, 2015.

~~During~~10 ~~the~~Table ~~six months ended February 28, 2015, the Company amortized a discount~~ of ~~$62,500 to interest expense. As of August 31, 2015, the discount was fully amortized.~~ Contents

12To the extent the Creditor #2 converts the Creditor #2 Notes and then sells its common stock, the market price of the common stock may decrease due to the additional shares in the market. This could allow the Creditor #2 to receive greater amounts of common stock upon conversion. The sale of each share of common stock could further depress the stock price. Due to the floating conversion price of the notes, the Company does not know the exact number of shares that the Creditor #2 would be issued upon conversion. The shares issuable upon conversion of the Creditor #2 Notes may result in substantial dilution to the interests of the Company's other shareholders. In this regard, even though the investor may not hold shares amounting to more than 9.99% of the outstanding shares at one time, this restriction does not prevent the investor from selling some of its holdings and then receiving additional shares. In this way, the investor could sell more than the 9.99% limit while never holding more than the limit.

~~Creditor~~During #3the ~~Convertible~~nine ~~Promissory~~months ~~Note~~ended February 28, 2015, the Company amortized a discount of $62,500 to interest expense. As of August 31, 2015, the discount was fully amortized.

~~In December 2014, a convertible promissory note holder ("Holder") entered into an exchange agreement with another lender (the "~~Creditor #3") ~~whereby~~Convertible ~~the~~Promissory Holder transferred the Holder's notes and accrued interest to Creditor #3. In December 2014, the Company entered into a note agreement for $150,000 representing the principal amount transferred from the Holder. The Creditor #3 Note bears interest per year at 10.0%, due on August 22, 2015 and is convertible on the date of issuance based upon based upon a 25% discount to lowest trading price, for the 5 trading days prior to conversion. As a result, the lower the stock price at the time the Creditor #3 converts the Creditor #3 Notes, the more common shares the Creditor #3 will receive. There were no conversions during the six months ended February 29, 2016 and thus the remaining principal balance was $93,350 as of February 29, 2016 and August 31, 2015.

ToIn ~~the~~December ~~extent~~2014, ~~the~~a ~~Creditor~~convertible #3promissory ~~converts~~note ~~the~~holder ~~Creditor~~("Holder") #3entered ~~Note~~into ~~and~~an ~~then~~exchange ~~sells~~agreement ~~its~~with ~~common~~another ~~stock,~~lender (the ~~market~~"Creditor ~~price~~#3") ofwhereby the ~~common~~Holder ~~stock~~transferred ~~may decrease due to~~ the ~~additional~~Holder's ~~shares~~notes inand ~~the~~accrued ~~market.~~interest ~~This~~to ~~could allow the~~ Creditor #3. toIn ~~receive~~December ~~greater~~2014, ~~amounts~~the ofCompany ~~common~~entered ~~stock~~into ~~upon~~i) ~~conversion.~~a ~~The~~note ~~sale~~agreement offor ~~each~~$150,000 ~~share~~representing ofthe ~~common~~principal ~~stock~~amount ~~could~~transferred ~~further~~from ~~depress~~ the ~~stock price~~Holder. ~~Due~~The toCreditor ~~the~~#3 ~~floating~~Note ~~conversion~~bears ~~price~~interest ofper ~~the~~annum ~~notes~~at 10.0%, ~~the~~due ~~Company~~on ~~does~~August ~~not~~22, ~~know~~2015 ~~the~~and ~~exact~~is ~~number~~convertible ofon ~~shares that~~ the ~~Creditor~~date #3of ~~may~~issuance bebased ~~issued~~ upon ~~conversion.~~based ~~The shares issuable~~ upon ~~conversion~~a of25% ~~the~~discount ~~Creditor~~to #3lowest ~~Note~~trading ~~may~~price, ~~result~~for ~~in substantial dilution to~~ the ~~interests~~5 oftrading ~~the~~days ~~Company's~~prior ~~other~~to ~~shareholders~~conversion. InAs ~~this~~a ~~regard~~result, ~~even~~the ~~though~~lower the ~~investor~~stock ~~may~~price ~~not~~at ~~hold~~the ~~shares~~time ~~amounting~~the toCreditor ~~more~~#3 ~~than~~converts ~~4.99% of~~ the ~~outstanding~~Creditor ~~shares~~#3 ~~at one time~~Notes, ~~this~~the ~~restriction~~more ~~does~~common ~~not~~shares ~~prevent~~ the ~~investor~~Creditor ~~from~~#3 ~~selling~~will ~~some~~receive. ofThere ~~its~~were ~~holdings~~no ~~and~~conversions ~~then~~during ~~receiving~~the ~~additional~~nine ~~shares.~~months Inended ~~this~~May ~~way~~31, ~~the~~2016 ~~investor~~and ~~could~~thus ~~sell~~the ~~more~~remaining ~~than~~principal ~~the~~balance ~~4.99%~~was ~~limit~~$93,350 ~~while~~as ~~never~~of ~~holding~~May ~~more~~31, ~~than~~2016 ~~the~~and ~~limit~~August 31, 2015.

~~Upon~~To ~~issuance,~~the extent the ~~Company~~Creditor ~~recorded~~#3 aconverts ~~discount~~the ofCreditor ~~$150~~#3 Note and then sells its common stock,~~000~~ the market price of the common stock may decrease due to the ~~derivative~~additional ~~liability,~~shares asin ~~discussed~~the ~~below~~market. inThis ~~Note~~could 9allow the Creditor #3 to receive greater amounts of common stock upon conversion. The sale of each share of common stock could further depress the stock price. Due to the floating conversion price of the notes, ~~having~~the aCompany ~~fair~~does ~~market~~not ~~value~~know inthe ~~excess~~exact number of shares that the ~~principal~~Creditor ~~amount~~#3 would be issued upon conversion. The shares issuable upon conversion of the ~~convertible~~Creditor ~~note~~#3 Note may result in substantial dilution to the interests of the Company's other shareholders. AsIn this regard, even though the investor may not hold shares amounting to more than 4.99% of ~~August~~the 31outstanding shares at one time, ~~2015~~this restriction does not prevent the investor from selling some of its holdings and then receiving additional shares. In this way, the ~~discount~~investor ~~was~~could ~~fully~~sell ~~amortized~~more than the 4. 99% limit while never holding more than the limit.

~~Convertible~~Upon ~~Promissory~~issuance, ~~Notes~~the Company recorded a discount of $150,000 due to the derivative liability, as discussed below in Note 9, having a fair market value in excess of the principal amount of the convertible note. As of August 31, 2015, the discount was fully amortized.

AsConvertible ofPromissory February 29, 2016 and August 31, 2015, the Company has outstanding 38 and 33 convertible promissory notes respectively issued between December 2011 and September 2015. The convertible promissory notes bear interest at either 4% or 8% per year and are due in full, including principal and interest, two-three years from the issuance date ranging from August 2014 to February 2018. The convertible promissory notes also include a conversion option whereby the holders may elect at any time to convert any portion or the entire balance into the Company's common stock at conversion prices ranging from $0.0001 to $1.25. There were no transactions in which impacted the convertible notes payable during the six months ended February 29, 2016, other than the accrual of interest. As of February 29, 2016 and August 31, 2015, the balance of convertible notes payable was $1,702,120 and $1,615,120 respectively. Notes

As of ~~February~~May 2931, 2016 and August 31, 2015, the Company has outstanding 38 and 33 convertible promissory notes ~~outstanding~~respectively ofissued ~~$1,153,964~~between December 2011 and $1September 2015. The convertible promissory notes bear interest at either 4% or 8% per year and are due in full,~~068,964~~ ~~respectively~~including principal and interest, ~~are~~two-three ~~held~~years byfrom ~~related~~the ~~parties~~issuance date ranging from August 2014 to February 2018. ~~These~~The ~~related~~convertible ~~parties~~promissory ~~consist~~notes ofalso include a conversion option whereby the ~~Company's~~holders ~~officers,~~may ~~former~~elect ~~officers,~~at ~~significant~~any ~~shareholders~~time orto ~~entities~~convert ~~controlled~~any byportion ~~these~~or ~~individuals.~~the Asentire ofbalance ~~February~~into ~~29,~~the ~~2016~~Company's ~~and~~common ~~August~~stock ~~31,~~at ~~2015,~~conversion ~~$928,464~~prices ~~and~~ranging from $~~197,850,~~0.0001 ~~respectively,~~to of$1.25. ~~these~~There ~~notes~~ were ~~included~~no ~~within~~transactions ~~the~~in ~~current~~which ~~portion~~impacted ofthe convertible ~~promissory~~ notes onpayable during the ~~accompanying~~nine ~~balance~~months ~~sheet~~ended asMay ~~the~~31, ~~note~~2016, ~~was~~other ~~due~~than ~~within~~the ~~one~~accrual ~~year~~of interest. As of May 31, 2016 and August 31, 2015, the balance ~~sheet~~of convertible notes payable was $1,702,120 and $1,615,120 respectively.

~~For~~As ~~some~~ of ~~the~~May 31, 2016 and August 31, 2015, convertible promissory notes, ~~the~~outstanding ~~conversion~~of ~~feature~~$1,153,964 ~~associated~~and ~~with~~$1,068,964 ~~the~~respectively, ~~convertible~~are ~~promissory~~held ~~notes~~by ~~provide~~related ~~for~~parties. aThese ~~rate~~related parties consist of ~~conversion~~the ~~that~~Company's isofficers, ~~below~~former ~~market~~officers, ~~value.~~significant ~~This~~shareholders ~~conversion~~or ~~feature~~entities iscontrolled ~~accounted~~by ~~for~~these asindividuals. aAs ~~beneficial~~of ~~conversion~~May ~~feature.~~31, A2016 ~~beneficial~~and ~~conversion~~August ~~feature~~31, ~~was~~2015, ~~recorded~~$938,464 and ~~classified~~$197,850, asrespectively, aof ~~debt~~these ~~discount~~notes onwere included within the ~~balance~~current ~~sheet~~portion atof ~~the~~convertible ~~time~~promissory ofnotes ~~issuance~~on ofthe ~~each~~accompanying ~~convertible~~balance ~~promissory~~sheet as the note ~~with~~was adue ~~corresponding~~within ~~credit~~one toyear ~~additional~~of ~~paid-in~~the ~~capital~~balance sheet.

InFor ~~addition,~~some ~~six~~ of the convertible promissory ~~note~~notes, ~~purchasers~~the ~~were~~conversion ~~issued~~feature ~~warrants~~associated towith ~~purchase~~the ~~shares~~convertible ofpromissory ~~the~~notes ~~Company's~~provide ~~common~~for ~~stock.~~a ~~The~~rate ~~valuation~~ of ~~the~~conversion ~~stock~~that ~~warrants~~is ~~and~~below ~~the~~market ~~beneficial~~value. This conversion feature ~~associated~~is ~~with~~accounted ~~the~~for ~~issuance~~as ofa ~~convertible~~beneficial ~~promissory~~conversion ~~notes~~feature. ~~utilized~~A ~~valuation~~beneficial ~~inputs~~conversion ~~and~~feature ~~related~~was ~~figures~~recorded ~~provided by a professional~~ and ~~independent~~classified ~~valuation~~as ~~firm. The Company allocated~~ a ~~portion~~debt ofdiscount ~~the~~on ~~proceeds received from~~ the ~~convertible~~balance ~~promissory~~sheet ~~notes~~at to the ~~warrants~~time ~~using~~of ~~the~~issuance ~~relative~~of ~~fair~~each ~~value~~convertible ~~resulting~~promissory innote with a ~~debt~~corresponding ~~discount~~credit to ~~each~~additional ~~convertible~~paid-in ~~promissory note~~capital.

~~The~~In ~~discounts~~addition, ~~are~~six ~~amortized over the term~~ of the convertible promissory note ~~using~~purchasers were issued warrants to purchase shares of the ~~straight~~Company's ~~line~~common ~~method~~stock. The ~~amortized~~valuation ~~value~~of ~~for~~the ~~each~~stock ~~period~~warrants isand ~~recorded~~the asbeneficial anconversion ~~offset~~feature ~~against~~associated with the ~~debt~~issuance ~~discount~~of onconvertible ~~the~~promissory ~~balance~~notes ~~sheet,~~utilized ~~classified~~valuation asinputs ~~interest~~and ~~expense.~~related ~~During~~figures ~~the~~provided ~~six~~by ~~months~~a ~~ended~~professional ~~February~~and ~~29,~~independent ~~2016~~valuation ~~and~~firm. ~~2015,~~The ~~$246,976~~Company ~~and~~allocated ~~$191,755~~a portion of the ~~discounts~~proceeds ~~were~~received ~~amortized~~from tothe ~~interest~~convertible ~~expense,~~promissory ~~respectively.~~notes Asto ofthe ~~February~~warrants ~~29,~~using ~~2016,~~the ~~$370,811~~relative ~~discounts~~fair ~~remained~~value ~~which~~resulting ~~will~~in bea ~~expensed~~debt indiscount ~~fiscal~~to ~~2016~~each ~~through~~convertible ~~2018~~promissory note.

~~Future~~The ~~Maturities~~discounts are amortized over the term of the convertible promissory note using the straight line method. The amortized value for each period is recorded as an offset against the debt discount on the balance sheet, classified as interest expense. During the nine months ended May 31, 2016 and 2015, $370,463 and $427,390 of the discounts were amortized to interest expense, respectively. As of May 31, 2016, $247,324 discounts remained which will be expensed in fiscal 2016 through 2018.

AsFuture of August 31, 2015, future maturities of notes payable is as follows for the years ending August 31; $957,442 current; $1,067,270 2017; and $75,000 2018. Included within those amounts due to related parties are: $197,820 current and $871,114 for 2017.Maturities

13As of August 31, 2015, future maturities of notes payable is as follows for the years ending August 31; $957,442 current; $1,067,270 2017; and $75,000 2018. Included within those amounts due to related parties are: $197,820 current and $871,114 for 2017.

9.11 ~~Derivatives~~Table of Contents

~~Creditor #2 Note~~9. Derivatives

~~The~~ Creditor #2 Notes were executed on April 15, 2014 and were immediately convertible into the Company's common stock at a 45% discount to the lowest trading price for the 15 days prior to the conversion date. As a result of the fact that the number of shares the Creditor #2 Notes was convertible into was indeterminable, the Company determined a derivative liability was embedded within the Creditor #2 Notes. The Company measured the derivative liability using the input attributes disclosed below and recorded a derivative liability of $3,158,190 as of April 15, 2014 of which $1,219,891 was included within "change in fair value of derivatives" due to a portion of the derivative liability being in excess of the $250,000 in proceeds received and $1,481,723, which included offset of $206,576 from relief of the derivative liability related to the Creditor Notes, within "Loss on extinguishment" due to extinguishment accounting on the Creditor Note ~~transferred to Creditor #2.~~

OnThe ~~February~~Creditor 29#2 Notes were executed on April 15, ~~2016~~2014 and were immediately convertible into the Company's common stock at a 45% discount to the lowest trading price for the 15 days prior to the conversion date. As a result of the fact that the number of shares the Creditor #2 Notes was convertible into was indeterminable, the Company ~~re-~~determined a derivative liability was embedded within the Creditor #2 Notes. The Company measured the derivative liability using the input attributes disclosed below and ~~determined~~recorded ~~the~~a ~~value~~derivative toliability beof $~~351~~3,~~191~~158,190 as of April 15, 2014 of which $~~255~~1,~~507~~219,891 was ~~classified~~included ~~as income~~ within "change in fair value of derivatives" due to a portion of the derivative liability being in excess of the $250,000 in proceeds received and ~~was~~$1,481,723, ~~recorded~~which ~~for~~included offset of $206,576 from relief of the ~~six~~derivative ~~months~~liability ~~ended~~related ~~February~~to 29the Creditor Notes, ~~2016~~within in"Loss on extinguishment" due to extinguishment accounting on the ~~statement~~Creditor ofNote ~~operations~~transferred to Creditor #2.

	February 29,			August 31,
	2016			2015
Expected life (in years)		0.50			0.50
Balance of note outstanding	$	391,242		$	391,242
Stock price	$	0.0001		$	0.0001
Effective conversion price	$	0.00005		$	0.00005
Shares issuable upon conversion		7,113,490,909			7,113,490,909
Risk-free interest rate		0.49	%		0.50	%
Expected volatility		90.00	%		361.00	%
Expected dividend yield		-			-

On May 31, 2016, the Company re-measured the derivative liability using the input attributes below and determined the value to be $330,777 of which $275,921 was classified as income within "change in fair value of derivatives" and was recorded for the nine months ended May 31, 2016 in the statement of operations.

Creditor #3 Note

	May 31,			August 31,
	2016			2015
Expected life (in years)		0.50			0.50
Balance of note outstanding	$	391,242		$	391,242
Stock price	$	0.0001		$	0.0001
Effective conversion price	$	0.00005		$	0.00005
Shares issuable upon conversion		7,113,490,909			7,113,490,909
Risk-free interest rate		0.49	%		0.50	%
Expected volatility		63.47	%		361.00	%
Expected dividend yield		-			-

~~The~~ Creditor #3 Note was immediately convertible into the Company's common stock at a 25% discount to the lowest traded price for the five days prior to the conversion date. As a result of the fact that the number of shares the Creditor #3 is convertible into is indeterminable, the Company determined a derivative liability was embedded within the Creditor #3. The Company measured the derivative liability using the input attributes disclosed below and recorded a derivative liability of $50,000 as of December 24, 2014. As a result of the valuation of the derivative liability being in excess of the value of the carrying value of Creditor #3 by $50,000, a loss on derivative liability of $50,000 was recorded by the Company.

14The Creditor #3 Note was immediately convertible into the Company's common stock at a 25% discount to the lowest traded price for the five days prior to the conversion date. As a result of the fact that the number of shares the Creditor #3 is convertible into is indeterminable, the Company determined a derivative liability was embedded within the Creditor #3. The Company measured the derivative liability using the input attributes disclosed below and recorded a derivative liability of $50,000 as of December 24, 2014. As a result of the valuation of the derivative liability being in excess of the value of the carrying value of Creditor #3 by $50,000, a loss on derivative liability of $50,000 was recorded by the Company.

On ~~February~~May 2931, 2016, the Company re-measured the derivative liability using the input attributes below and determined the value to be $4538,~~494~~709 of which $5764,~~315~~100 was classified as income within "change in fair value of derivatives" and was recorded for the ~~six~~nine months ended ~~February~~May 2931, 2016 in the statement of operations.

	February 29,			August 31,
	May 31,			August 31,
	2016			2015
Expected life (in years)		0.50			0.50
Balance of note outstanding	$	93,350		$	93,350
Stock price	$	0.0001		$	0.0001
Effective conversion price	$	0.000075		$	0.000075
Shares issuable upon conversion		1,244,666,667			1,244,666,667
Risk-free interest rate		0.49	%		0.50	%
Expected volatility		9063.0047	%		361.00	%
Expected dividend yield		-			-

~~Other~~12 ~~Notes~~Table ~~with~~of ~~Adjustable Conversion Features~~Contents

As Other ~~discussed~~Notes inwith ~~Note~~Adjustable 8,Conversion on December 24, 2014 the Company issued a $72,890 promissory note to a third party. The convertible promissory note was immediately convertible into the Company's common stock at a 10% discount to the lowest traded price for the five days prior to the conversion date. As a result of the fact that the number of shares the promissory note is convertible into is indeterminable, the Company determined a derivative liability was embedded within the promissory note. The Company measured the derivative liability using the input attributes disclosed below and recorded a derivative liability of $94,487 as of December 24, 2014. As a result of the valuation of the derivative liability being in excess of the value of the carrying value of convertible promissory note by $21,597, a loss on derivative liability of $21,597 was recorded by the Company. In addition, on March 17, 2015 the Company received an additional $41,459 in proceeds under the promissory note. On March 17, 2015, the Company recorded an additional derivative liability of $69,098, resulting in a loss on derivative liability of $27,639.Features

OnAs ~~February~~discussed 29in Note 8, ~~2016~~on December 24, 2014 the Company ~~re-~~issued a $72,890 promissory note to a third party. The convertible promissory note was immediately convertible into the Company's common stock at a 10% discount to the lowest traded price for the five days prior to the conversion date. As a result of the fact that the number of shares the promissory note is convertible into is indeterminable, the Company determined a derivative liability was embedded within the promissory note. The Company measured the derivative liability using the input attributes disclosed below and ~~determined~~recorded ~~the~~a ~~value~~derivative toliability beof $8294,~~625~~487 as of ~~which~~December ~~$40~~24,~~941~~ ~~was~~2014. ~~classified~~As asa ~~income~~result ~~within~~of ~~"change~~the valuation of the derivative liability being in ~~fair~~excess of the value of ~~derivatives"~~the ~~and~~carrying value of convertible promissory note by $21,597, a loss on derivative liability of $21,597 was recorded ~~for~~by the ~~six~~Company. ~~months~~In ~~ended~~addition, ~~February~~on 29March 17, ~~2016~~2015 the Company received an additional $41,459 in proceeds under the ~~statement~~promissory note. On March 17, 2015, the Company recorded an additional derivative liability of ~~operations~~$69,098, resulting in a loss on derivative liability of $27,639.

	February 29,			August 31,
	2016			2015
Expected life (in years)		0.90			1.40
Balance of note outstanding	$	114,350		$	114,350
Stock price	$	0.0001		$	0.0001
Effective conversion price	$	0.00009		$	0.00009
Shares issuable upon conversion		1,270,555,556			1,270,555,556
Risk-free interest rate		0.62	%		0.50	%
Expected volatility		189.00	%		369.00	%
Expected dividend yield		-			-

On May 31, 2016, the Company re-measured the derivative liability using the input attributes below and determined the value to be $56,286 of which $67,281 was classified as income within "change in fair value of derivatives" and was recorded for the nine months ended May 31, 2016 in the statement of operations.

As discussed in Note 8, on April 28, 2015 the Company issued a $56,806 promissory note to a third party. The convertible promissory note was immediately convertible into the Company's common stock at a 15% discount to the lowest traded price for the five days prior to the conversion date. As a result of the fact that the number of shares the promissory note is convertible into is indeterminable, the Company determined a derivative liability was embedded within the promissory note. The Company measured the derivative liability using the input attributes disclosed below and recorded a derivative liability of $66,831 as of April 28, 2015.

	May 31,			August 31,
	2016			2015
Expected life (in years)		0.65			1.40
Balance of note outstanding	$	114,350		$	114,350
Stock price	$	0.0001		$	0.0001
Effective conversion price	$	0.00009		$	0.00009
Shares issuable upon conversion		1,270,555,556			1,270,555,556
Risk-free interest rate		0.62	%		0.50	%
Expected volatility		134.29	%		369.00	%
Expected dividend yield					-

On ~~February~~May 2931, 2016, the Company re-measured the derivative liability using the input attributes below and determined the value to be $4735,~~472~~019 of which $1830,~~312~~764 was classified as income within "change in fair value of derivatives" and was recorded for the ~~six~~nine months ended ~~February~~May 2931, 2016 in the statement of operations.

	February 29,			August 31,
	May 31,			August 31,
	2016			2015
Expected life (in years)		1.1792			1.40
Balance of note outstanding	$	56,806		$	56,806
Stock price	$	0.0001		$	0.0001
Effective conversion price	$	0.000085		$	0.000085
Shares issuable upon conversion		668,305,882			668,305,882
Risk-free interest rate		0.62	%		0.50	%
Expected volatility		~~189~~134.0029	%		369.00	%
Expected dividend yield		-			-

~~10.~~13 ~~Stockholders'~~Table ~~Equity~~of Contents

~~Series~~10. Stockholders' ~~A Preferred Stock~~Equity

~~Each share of~~ Series A Preferred Stock has voting rights equal to the voting equivalent of the common stock into which it is convertible at the time of the vote. The holders of the Series A Preferred Stock are not entitled to dividends. The Series A Preferred Stock has no preferential rights to the Company's common stock and will share in any liquidation proceeds with the common stock on an as converted basis. No shares of Series A Preferred Stock are outstanding as of February 29, 2016.

Each share of Series BA Preferred Stock has voting rights equal to the voting equivalent of the common stock into which it is convertible at the time of the vote. The holders of the Series A Preferred Stock are not entitled to dividends. The Series A Preferred Stock has no preferential rights to the Company's common stock and will share in any liquidation proceeds with the common stock on an as converted basis. No shares of Series A Preferred Stock are outstanding as of May 31, 2016.

~~On October 25, 2013, the Company filed a Certificate of Designation of~~ Series B Preferred Stock (the "Series B Certificate of Designation") with the Secretary of State of Wyoming. Pursuant to the Series B Certificate of Designation, the Company designated 200,000 shares of its blank check preferred stock as Series B Preferred Stock. The Series B Preferred Stock ranks senior to the common stock, Series A Preferred Stock and any subsequently created series of preferred stock that does not expressly rank pari passu with or senior to the Series B Preferred Stock (the "Junior Stock"). The Series B Preferred Stock is not be entitled to dividends. In the event of a liquidation, the Series B Preferred Stock will be entitled to a payment of the Stated Value of $1.00 per share prior to any payments being made in respect of the Junior Stock. Each share of Series B Preferred Stock entitles the holder to vote on all matters voted on by holders of common stock as a single class. With respect to any such vote, each share of Series B Preferred Stock entitles the holder to cast such number of votes equal to 0.000255% of the total number of votes entitled to be cast. Effective upon the closing of a Qualified Financing, all issued and outstanding shares of Series B Preferred Stock will automatically convert into common stock in an amount determined by dividing the product of the number of shares being converted and the Stated Value by the Conversion Price. The Conversion Price will be equal to the price per share of the common stock sold under the Qualified Financing (or, if the Qualified Financing involves the sale of securities convertible into common stock, by the conversion price of such convertible securities). A "Qualified Financing" is defined as the sale by the Company in a single offering of common stock or securities convertible into common stock for gross proceeds of at least $5,000,000.

On October 3125, 2013, the Company ~~entered~~filed ~~into~~a ~~amendment,~~Certificate ~~waiver~~of ~~and~~Designation ~~exchange~~of ~~agreements~~Series B Preferred Stock (the "~~Exchange~~Series ~~Agreements~~B Certificate of Designation") with ~~Michael~~the ~~Hill~~Secretary (of State of Wyoming. Pursuant to the Series B Certificate of Designation, the Company's ~~chief~~designated ~~executive~~200,000 ~~officer~~shares ~~and~~of ~~director)~~its blank check preferred stock as Series B Preferred Stock. The Series B Preferred Stock will rank senior to the common stock, Series A Preferred Stock and ~~Aaron~~any ~~Gravitz~~subsequently created series of preferred stock that does not expressly rank pari passu with or senior to the Series B Preferred Stock (the ~~Company's~~"Junior ~~director~~Stock"). ~~Under~~The ~~each~~Series ~~Exchange~~B ~~Agreement~~Preferred Stock will not be entitled to dividends. In the event of a liquidation, the ~~Company~~Series ~~issued~~B Preferred Stock will be entitled to a payment of the Stated Value of $1.00 per share prior to any payments being made in respect of the Junior Stock. Each share of Series B Preferred Stock will entitle the holder to vote on all matters voted on by holders of common stock as a single class. With respect to any such vote, each share of MrSeries B Preferred Stock will entitle the holder to cast such number of votes equal to 0.000255% ~~Hill~~of ~~and~~the Mrtotal number of votes entitled to be cast. ~~Gravitz~~Effective ~~100~~upon the closing of a Qualified Financing,~~000~~ all issued and outstanding shares of Series B Preferred Stock will automatically convert into common stock in ~~exchange~~an ~~for~~amount ~~$100~~determined by dividing the product of the number of shares being converted and the Stated Value by the Conversion Price. The Conversion Price will be equal to the price per share of the common stock sold under the Qualified Financing (or,~~000~~ if the Qualified Financing involves the sale of securities convertible into common stock, by the conversion price of such convertible securities). A "Qualified Financing" is defined as the sale by the Company in ~~unpaid~~a ~~compensation~~single offering of common stock or securities convertible into common stock for gross proceeds of at least $5,000,000.

16On October 31, 2013, the Company entered into amendment, waiver and exchange agreements (the "Exchange Agreements") with Michael Hill (the Company's chief executive officer and director) and Aaron Gravitz (the Company's director). Under each Exchange Agreement, the Company issued to each of Mr. Hill and Mr. Gravitz 100,000 shares of Series B Preferred Stock in exchange for $100,000 in unpaid compensation.

Series C Preferred Stock

Effective December 29, 2014, the Company filed a Certificate of Designation of Series C Convertible Preferred Stock (the "Series C") with the Secretary of State of Wyoming. Pursuant to the Series C, the Company designated 20,000 shares of its blank check preferred stock as Series C Preferred Stock. Each share of Series C is convertible into $150 in fair market value of the Company's common stock, which fair market value will be equal to the average closing price of the common stock on the over-the-counter market during the 10 trading days immediately prior to the delivery to the Company of a conversion notice. The Series C will share in any liquidation proceeds with the common stock on an as-converted basis, will not have voting rights prior to being converted to common stock, and in the event of any payment of dividends by the Company, will be entitled to dividends on an as-converted basis with the common stock. The Company has presented the Series C outside of stockholders' equity due to the variable conversion price.

On April 24, 2015, the Company entered into an Exchange Agreement with Lux pursuant to which the Company issued 10,000 shares of its Series C in exchange for 1,495,313 shares of Company common stock tendered by Lux to the Company for cancellation. The Lux common stock was originally issued to Lux by the Company on March 12, 2013. In connection with the transaction, the Company recorded a loss on settlement of $1,499,850, which represented the difference in the fair market value of the Series C issued of $1.5 million and the common stock received of $150. See Note 4 for additional transaction with Lux.

On April 24, 2015, the Company entered into an Exchange Agreement with Mark J. Richardson ("MJR") pursuant to which the Company issued 500 shares of its Series C in exchange for 15,140 shares of Company common stock tendered by MJR to the Company for cancellation. The MJR common stock was originally issued to MJR by the Company on March 13, 2013. In connection with the transaction, the Company recorded a loss on settlement of $74,998, which represented the difference in the fair market value of the Series C issued of $75,000 and the common stock received of $2.

See below and Note 4 for discussion related to additional issuances of Series C.

~~Common~~14 ~~Stock~~Table of Contents

~~Each~~Common share of common stock has the right to one vote per share. The holders of common stock are also entitled to receive dividends as and when declared by the board of directors of the Company, whenever funds are legally available, subject to the rights under any outstanding preferred stock.Stock

~~Effective~~Each ~~February~~share ~~17, 2015, the Company filed Articles~~ of ~~Amendment~~common tostock ~~the~~has ~~Company's Articles of Incorporation with~~ the ~~Secretary~~right ~~of State of Wyoming~~ to ~~(i)~~one ~~increase~~vote ~~the~~per ~~Company's~~share. ~~authorized~~The ~~shares~~holders of common stock ~~from~~are ~~1,000,000,000~~also entitled to anreceive ~~unlimited~~dividends ~~number;~~as and ~~(ii)~~when ~~allow~~declared ~~for shareholders to take actions~~ by the ~~written~~board ~~consent~~ of ~~the~~directors ~~holders~~ of ~~outstanding shares having not less than~~ the ~~minimum~~Company, ~~number~~whenever offunds ~~votes~~are ~~that~~legally ~~would~~available, besubject ~~required~~ to ~~authorize or take~~ the ~~action~~rights atunder aany ~~meeting~~outstanding atpreferred ~~which all shares entitled to vote on the action were present and voted~~stock.

OnEffective ~~October~~February 2617, 2015, the Company filed aArticles ~~Preliminary~~of ~~Schedule~~Amendment ~~14C~~to ~~Information Statement with~~ the ~~Securities and Exchange Commission in connection with approval by the~~ Company's ~~board~~Articles of ~~directors~~Incorporation ~~and~~with ~~majority~~the ~~stockholders~~Secretary of anState ~~amendment the Articles~~ of ~~Incorporation~~Wyoming to: (i) ~~change~~increase the Company's ~~name~~authorized shares of common stock from ~~StreamTrack~~1,000,000,000 ~~Inc.~~ to ~~Total~~an ~~Sports~~unlimited ~~Media,~~number; ~~Inc.,~~and (ii) ~~effect~~allow ~~a 1-~~for ~~800~~shareholders ~~reverse~~to ~~split~~take ofactions by the ~~Company's~~written ~~common~~consent ~~stock~~of ~~and (iii) decrease~~ the ~~authorized~~holders ~~number~~ of outstanding shares ofhaving ~~common~~not ~~stock~~less ~~from~~than anthe ~~unlimited~~minimum number toof ~~40,000,000.~~votes ~~The~~that ~~amendment~~would ~~will~~ be ~~effective~~required ~~upon~~to ~~filing~~authorize ~~with~~or take the ~~Secretary~~action ofat ~~State~~a ofmeeting ~~Wyoming,~~at which ~~the~~all ~~Company~~shares ~~anticipates~~entitled to ~~occur~~vote ~~approximately,~~on ~~but not less than, 20 days after~~ the ~~definitive~~action ~~information~~were ~~statement~~present isand ~~mailed to stockholders~~voted.

~~During~~On October 26, 2015, the ~~six~~Company ~~months~~filed ~~ended~~a ~~February~~Preliminary ~~29,~~Schedule ~~2016,~~14C ~~110~~Information ~~shares~~Statement ofwith ~~Series~~the CSecurities and Exchange Commission in connection with aapproval ~~value~~by the Company's board of ~~$79~~directors and majority stockholders of an amendment the Articles of Incorporation to: (i) change the Company's name from StreamTrack,~~500~~ ~~were~~Inc. ~~converted~~to ~~into~~Total ~~795~~Sports Media,~~000~~ Inc.,~~000~~ (ii) effect a 1-for 800 reverse split of the Company's common stock and (iii) decrease the authorized number of shares of common stock from an unlimited number to 40,000,000. The amendment will be effective upon filing with the Secretary of State of Wyoming, which the Company anticipates to occur approximately, but not less than, 20 days after the definitive information statement is mailed to stockholders.

17During the nine months ended May 31, 2016, 530 shares of Series C with a value of $79,500 were converted into 795,000,000 shares of common stock.

Detachable Stock Warrants

On April 27, 2015, the Company entered into an Investment Agreement with RTV Media Corp. ("RTV") pursuant to which RTV initially invested $75,000 into the Company in consideration for $75,000 of worth of warrants at an exercise price of $0.0001 to purchase the common stock of the Company. Upon exercise, RTV has up to five years to exercise the warrants. In addition, RTV agreed to invest up to an additional $425,000 of capital into the Company in consideration for which additional warrants will be granted upon investment. The Company has accounted for the warrants as common stock to be issued as there are no provisions within the agreement in which will require the Company to return the capital provided.

As of ~~February~~May 2931, 2016, the Company has a total of 225,000 detachable stock warrants outstanding. The warrants have a three-year term and are exercisable into the Company's common stock at an exercise price of $0.41 per share.

11. Subsequent Events

In accordance with ASC 855-10, we have analyzed our operations subsequent to ~~February~~ 29May 31, 2016 to the date of these financial statements were issued, and have determined that we do not have any material subsequent events to disclose in these financial statements ~~other than the events discussed below~~.

~~Subsequent~~15 toTable ~~February 29, 2016, 630,000,000 shares~~ of ~~common stock were issued in connection with the conversion of 420 shares of preferred stock.~~Contents

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The following discussion and analysis should be read in conjunction with the consolidated financial statements and related notes included in this report and those in our Form 10-K for the fiscal year ended August 31, 2015 filed with the Securities and Exchange Commission December 15, 2015 and all subsequent filings.

Overview

StreamTrack, Inc. ("StreamTrack," or the "Company") is a digital media and technology services company. The Company provides audio and video streaming and advertising services through the RadioLoyaltyTM Platform (the "Platform") to a global group of over 5,000 internet and terrestrial radio stations and other broadcast content providers. We ~~are~~ also developing Robot Fruit, which is intended to be a powerful marketing tool that combines a mobile app creation platform, customer loyalty program, and content management system into an instant and measurable marketing engine for businesses. The Company is also continuing development of StreamTrak, designed to enable fans, artists, bands, music publishers and record labels to distribute, discover, create and share content.In addition, the Company through ampedfantasy.com has entered the rapidly growing daily fantasy sports industry. The Amped Fantasy brand will offer diverse contests to attract fans of all kinds. The mobile and web offering which is under development will include, but not be limited to free and paid daily, weekly, pick'em, salary cap, flex or customized roster and guaranteed prize or payout contests. Fantify which is under development, is a fully customizable daily fantasy sports and private label fantasy sports technology platform. Once venues signup for Fantify and setup a contest, they ~~will be able to~~ invite new or existing customers, and award prizes. It will be free to play for customers to win prizes, compete against friends and others, feel closer to the real life game, and all with no season-long commitment. Through sportsalert.com the Company owns a subscriber based alert system for various sports with over 100,000 registered users. Users can choose whether they want score updates sent to their mobile phone or email, customizable by sport and events.

Our streaming business model is focused on the following core principles:

	1.	We barter with audio content providers, namely internet and terrestrial radio stations, to obtain control and management of their desktop advertising opportunity ("Ad Inventory"). We also routinely purchase any Ad Inventory the content providers have not previously transferred to us by barter.

	2.	In exchange for the Ad Inventory, we pay for all internet and mobile streaming costs associated with the broadcaster's content that is streamed through our platform. We barter in order to scale our business. The end result of the barter is that we aggregate Ad Inventory from broadcasters that management believes can reach substantial size while maintaining a primarily fixed cost structure for our hardware, content delivery, labor and other costs, respectively.

	3.	We re-broadcast original audio broadcast content through the Platform in a streaming media format in desktop and mobile environments. By re-broadcasting we ensure that we do not pay any royalties. Royalties are the responsibility of our broadcasters. This is a substantial advantage for us as many of our competitors pay royalties of up to 70% of revenues generated from licensed broadcast content.

	4.	We serve advertisements ("Ads") within the Platform in audio, display and video formats in a desktop environment and display ads in a mobile environment using our RadioLoyalty^TM Apps.

	5.	Ads are served by our automated systems based on geography and demographics data, among others.

	6.	The primary technology that makes our Platform unique in the industry is that we are able to re-broadcast audio content with geographically targeted Ads that replace Ads served within an original broadcast targeting a listener in a certain geography. By having this capability we can also choose to replace audio Ads that do not generate as high of Ad revenues with video-based Ads that generate much higher Ad revenues. In effect, we make the broadcaster's original broadcast capable of delivering Ads that are geographically targeted throughout a global broadcast marketplace while also utilizing video Ads and our proprietary video in-stream technology to increase advertising rates.

	7.	All of our primary technology that supports the Platform is automated and capable of operating in a live environment. Audio content is streamed, Ads are targeted and served, audio Ads are replaced as needed and video Ads replace audio Ads, as desired and when possible.

19Advertising revenue constitutes the majority of our total revenue, representing 96.4% of total revenue for the nine months ended May 31, 2016. We anticipate this trend will continue and our revenues will be generated primarily from advertising. Our advertising revenue for the nine months ended May 31, 2016 was almost entirely derived from advertising delivered on desktop devices.

~~Advertising~~We ~~revenue~~deliver ~~constitutes~~content ~~the~~on ~~majority~~mobile ofdevices through our ~~total~~RadioLoyaltyTM ~~revenue,~~app ~~representing~~but ~~95%~~we ofdo ~~total~~not ~~revenue~~currently generate significant mobile advertising revenues. Management believes that mobile advertising represents an opportunity for the ~~six~~Company ~~months~~in ~~ended~~the ~~February~~coming ~~29,~~years ~~2016~~and on an ongoing basis. WeManagement ~~anticipate~~expects ~~this~~the ~~trend~~mobile advertising market will ~~continue~~grow ~~and~~at ~~our~~substantial ~~revenues~~rates in the coming years. However, many challenges exist in this market. We believe these challenges will be ~~generated~~solved primarily ~~from~~with ~~advertising~~new technologies. ~~Our~~We ~~advertising~~believe ~~revenue~~our ~~for~~current ~~the~~technologies ~~six~~and ~~months~~other ~~ended~~technology ~~February~~under 29development will solve some of these challenges. By solving these challenges, ~~2016~~we ~~was~~will ~~almost~~be ~~entirely~~able ~~derived~~to ~~from~~monetize ~~advertising~~the ~~delivered~~mobile onlistenership ~~desktop~~we ~~devices~~are growing today.

We16 ~~deliver~~Table content on mobile devices through our RadioLoyaltyTM app but we do not currently generate significant mobile advertising revenues. Management believes that mobile advertising represents an opportunity for the Company in the coming years and on an ongoing basis. Management expects the mobile advertising market will grow at substantial rates in the coming years. However, many challenges exist in this market. We believe these challenges will be solved primarily with new technologies. We believe our current technologies and other technology under development will solve some of ~~these challenges. By solving these challenges we will be able to monetize the mobile listenership we are growing today.~~Contents

~~The~~In June 2015, the Company's ~~WatchThis™~~received ~~software~~an ~~consists~~Office Action where the examiner laid out new grounds of arejection ~~web~~addressed orto ~~television-based~~the ~~player~~new ~~that~~claim ~~manages~~language ~~streaming~~from ~~audio~~our ~~and~~previous ~~video~~amendment ~~content~~to U.S. App No.: 12/146,922 ~~social~~- ~~media~~WATCH ~~engagement~~THIS - RAD-00330. Claims 20, ~~display~~22-27, 36, and ~~video~~38-43 adwere ~~serving~~rejected ~~within~~under ~~the~~35 ~~player~~U.S.C. ~~and~~103(a) isas ~~also~~being ~~capable~~unpatentable over US 2006/0089843 filed 10/26/2004 by Flather in view of ~~tagging~~US ~~merchandise~~2008/0307454 ~~within~~filed ~~the~~6/6/08 ~~content~~by ~~and~~Ahanger ~~providing~~et ~~the~~al ~~viewer~~in view of US 2008/0109844 filed 11 /2/06 by Baldeschwieler et al. in view of US 2013/0061262 with ~~the~~priority ~~opportunity~~to 1 /30/0S, filed by Briggs et al. The Company had until June 19, 2015 to ~~select~~respond to this decision, and ~~purchase~~while the ~~merchandise.~~Company ~~The~~believes ~~technology~~that ~~operates~~its inclaims aare ~~live~~patentable, orit onchoose ~~demand~~not ~~environment~~to pursue the claims further because it would have been cost prohibitive.

~~While~~The ~~the~~ Company ~~believes~~is ~~that~~exploring ~~its~~alternative ~~claims~~options ~~for~~as it relates to the WatchThis technology. ~~are~~On ~~patentable~~February 2, ~~its~~2016 ~~patent~~the ~~application~~Company ~~was~~sold ~~rejected~~the ~~and~~domain itname ~~chose~~www.watchthis.com ~~not~~for to$30,000. ~~pursue~~While the USPTO has rejected our claims ~~further~~put ~~because~~forth, itmanagement ~~would~~believes that the viability of the technology is still feasible. Currently we have ~~been~~stopped ~~cost~~development ~~prohibitive~~of this product until management identifies all of the options that are available for the business to potentially pursue.

~~The~~In ~~Company~~November is2013, ~~exploring~~we ~~alternative~~completed ~~options~~an asasset itpurchase ~~relates~~of toRobotFruit, ~~the~~a ~~WatchThis~~mobile ~~brand~~loyalty and ~~technology~~application platform. ~~While~~Robot ~~the~~Fruit ~~USPTO~~provides ~~has~~a ~~rejected~~complete ~~our~~SAAS ~~claims,~~based ~~management~~mobile ~~believes~~platform ~~that~~for ~~the~~publishers ~~viability~~and ofcontent ~~the~~owners ~~technology~~to isdirectly ~~still~~sell ~~feasible~~their mobile web and in-app ad inventory on leading mobile devices. The ~~Currently~~platform weis ~~have~~a ~~stopped~~self-service mobile loyalty and development ofplatform ~~this~~that ~~product~~has ~~until~~an ~~management~~easy ~~identifies~~to ~~all~~use ofinterface ~~the~~which ~~options~~enables ~~that~~station ~~are~~owners, ~~available~~content ~~for~~owners, business owners, artists and bands to quickly deploy in HTML5, native iOS and Android based application environments. We anticipate making the ~~business~~technology available to ~~potentially~~broadcasters, ~~pursue~~content owners and artists in the coming months.

In November 2013, we completed an asset purchase of RobotFruit, a mobile loyalty and application platform. Robot Fruit provides a complete software as a service, or SAAS, based mobile platform for publishers and content owners to directly sell their mobile web and in-app ad inventory on leading mobile devices. The platform is a self-service mobile loyalty and development platform that has an easy to use interface which enables station owners, content owners, business owners, artists and bands to quickly deploy in HTML5, native iOS and Android based application environments. We anticipate making the technology available to broadcasters, content owners and artists in the coming months.

In April 2015, we completed an asset purchase of Amped Fantasy and SportsAlert™, a daily fantasy sports and alert platform. Amped Fantasy provides a complete daily fantasy sports web based platform where players compete to win cash and prizes. The platform is designed with an easy to use interface which enables players to compete across all major professional sports events. SportsAlert is an alert messaging platform that allows subscribers to obtain current stats and scores relating to teams or individual players performances. The daily fantasy sports industry is experiencing rapid growth. Traditional fantasy sports games have been an integral part of the sports industry for decades. Now, the rapidly expanding "daily fantasy" or "DFS" industry is quickly becoming the new alternative with sports fans. Industry leaders have reported annual growth of daily fantasy sports of close to 300% over the past several years, with in excess of 40 million active players. According to the Fantasy Sports Trade Association (FSTA), daily fantasy sports revenue in 2014 was around $1 billion and is projected to grow to $17 billion by 2020. With endorsements by professional sports organizations including the NFL, MLB, and NBA along with credible media outlets and organizations including Yahoo!, CBS, Rotowire, and more, daily fantasy sports is quickly becoming commonplace. We believe there is a large and growing market opportunity for our AmpedFantasy, Fantify, and SportsAlert products.

The Company received a Final Office Action rejecting the company's claims to U.S. App No.: 13/559,503 - Ads with Media Streams - RAD-0045.

Key Metrics:

We track listener hours because we believe it is the best key indicator of the growth of our Platform business. Revenues from advertising through our Platform represented substantially all of our revenues for the ~~six~~nine months ended ~~February~~May 2931, 2016. We also track the number of active users on our Platform as well as the RadioLoyaltyTM app as indicators of the size and quality of our audience, which are particularly important to potential advertisers.

We calculate actual listener hours using our internal analytics systems. Some of our competitors do not always calculate their listener hours in the same way we do. As a result, their stated listener hours may not represent a truly comparable figure.

Player launches are defined as the number of individual times the UniversalPlayer™ was launched.

Registered users are defined as the number of users who have signed up for an account with us in order to access our broadcasters' content and to earn loyalty points. The number of registered users may overstate the number of actual unique individuals who have signed up for an account with us in order to earn loyalty points, as an individual may register for, and use, multiple accounts under unique registration information. This is in breach of our terms and conditions but we may not be able to effectively manage and authenticate registration information in order to ensure each user is a unique individual. We define registered users as those who have signed up with us to receive loyalty points. We calculate this by the number of submissions we receive from users signing up for our loyalty service.

We calculate listener hours as follows. When the ~~UniversalPlayer~~UniversalPlayerTM TM is launched a session is created - this is considered the listener's start time. At one minute following the launch of the UniversalPlayerTM, we record 1 minute of listening time. If a session lasts between 1 and 59 seconds, we record 30 seconds of listening time. At ten-minute intervals following the session being created, we count each 10 minute period as listening time. So for example, if a user launched the UniversalPlayer TM at 11:00am, we will recognize 1 minute of listening time at 11:01, then 10 minutes of listening time at 11:10, 20 minutes at 11:20, etc.

Stations are defined as the total of all stations created by broadcasters that utilize the Platform. A single broadcaster may create many stations and these stations may be active or inactive.

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Events are user interactions such as a 10 minute interval, clicking song like/dislike, sharing what they are listening to, checking the news through our news app in the player, etc. The last event we see for the user is considered the end of their session. We then take that time minus the time the session started to determine how long the session is. So for example, if a user launched the UniversalPlayer TM at 11am, and liked a song at 11:07am, but exited the player at 11:09am, we would recognize 7 minutes of listening.

Comparison of the ~~Six~~Nine Months Ended ~~February~~May 2931, 2016 and ~~February~~May 2831, 2015

	For the SixMonths EndedFebruary 29, 2016		For the SixMonths EndedFebruary 28, 2015
	For the NineMonths EndedMay 31, 2016		For the NineMonths EndedMay 31, 2015
Revenue:
Advertising	$	~~335~~455,~~331~~372	$	~~518~~721,~~394~~583
Services		16,838		1927,~~250~~500
Total revenue	$	~~352~~472,~~169~~210	$	~~537~~749,~~644~~083

Revenues for the ~~six~~nine months ended ~~February~~May 2931, 2016 and ~~February~~May 2831, 2015, totaled $~~352~~472,~~169~~210 and $~~537~~749,~~644~~083 respectively. The period over period decline can be attributed to several factors. Video revenue decreased for the ~~three~~nine month period year over year by $20104,~~557~~639 attributable to reduced listening time, overall industry technical changes and ad related errors including Vpaid errors, ad response times, increased latency, creative errors and creative load time. Display revenue decreased for the nine month period year over year by $160,987. Tighter buying criteria by Customers as a result of quality scoring from companies such as Integral Ad Science, Doubleverify and ForensIQ also reduced buys from some Customers. ~~Display revenue decreased for the three month period year over year by $27,290.~~

	For the SixMonths EndedFebruary 29, 2016		For the SixMonths EndedFebruary 28, 2015
	For the NineMonths EndedMay 31, 2016		For the NineMonths EndedMay 31, 2015
Costs of revenues:
Media network	$	~~157~~230,~~553~~561	$	~~191~~280,~~583~~591
Depreciation and amortization		-		77,986
Colocation services		1320,~~700~~547		76116,~~668~~337
Broadcaster commissions		2739,~~562~~851		6689,~~935~~602
Other		1,~~125~~224		3,~~382~~191
Total costs of revenue	$	~~199~~292,~~940~~183	$	~~416~~567,~~554~~707

21Costs of revenues for the nine months ended May 31, 2016 and May 31, 2015 totaled $292,183 and $567,707, respectively. We incurred substantial media network costs associated with the distribution of our content across a variety of advertising networks. Our costs of distributing our content will proportionally decrease dramatically as we reach scale. Amortization of the software that powers the Platform accounted for the majority of the depreciation recorded during 2014. In order to operate the RadioLoyaltyTM online broadcasting platform, RadioLoyaltyTM mobile and tablet apps and our ad-serving technologies, we shifted our business to primarily utilize ASW's cloud. We refer to these costs as colocation services. Our advertising sales arrangements with over 5,000 RadioLoyaltyTM stations facilitate us paying the broadcasters a monthly revenue sharing fee or license fee in exchange for advertising inventory around their content and listenership. We refer to these costs as broadcaster commissions in the event that we purchase the ad inventory. Other costs of sales include depreciation associated with computer servers, streaming costs, adserving costs, and various application technologies that support our primary product offerings.

Costs of revenues for the six months ended February 29, 2016 and February 28, 2015 totaled $199,940 and $416,554, respectively. We incurred substantial media network costs associated with the distribution of our content across a variety of advertising networks. Our costs of distributing our content will proportionally decrease dramatically as we reach scale. Amortization of the software that powers the Platform accounted for the majority of the depreciation recorded during 2014. In order to operate the RadioLoyaltyTM online broadcasting platform, RadioLoyaltyTM mobile and tablet apps and our ad-serving technologies, we shifted our business to primarily utilize ASW's cloud. We refer to these costs as colocation services. Our advertising sales arrangements with over 5,000 RadioLoyaltyTM stations facilitate us paying the broadcasters a monthly revenue sharing fee or license fee in exchange for advertising inventory around their content and listenership. We refer to these costs as broadcaster commissions in the event that we purchase the ad inventory. Other costs of sales include depreciation associated with computer servers, streaming costs, adserving costs, and various application technologies that support our primary product offerings.

	For the Nine Months Ended May 31, 2016		For the Nine Months Ended May 31, 2015
Operating expenses
Product development	$	210	$	17,694
Officer compensation		75,000		66,324
Sales and marketing		18,975		88,749
Other		805,857		680,295
Total operating expenses	$	900,042	$	853,062

	For the SixMonths EndedFebruary 29, 2016		For the SixMonths EndedFebruary 28, 2015
Operating expenses:
Product development	$	210	$	14,249
Officer compensation		50,000		58,499
Sales and marketing		12,798		76,978
Other		535,664		438,509
Total operating expenses	$	598,672	$	588,235

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Operating expenses for the ~~six~~nine months ended ~~February~~May 2931, 2016 and ~~February 28,~~ 2015 totaled $~~598~~900,~~672~~042 and $~~588~~853,~~235~~062, respectively. We have a broad-based business strategy to acquire more broadcasters directly, enter into joint ventures, revenue sharing arrangements or similar contracts with internet radio station guides (aggregators), and consider mergers and acquisition targets on an ongoing basis. Product development costs were associated with continuing improvements to the software and related infrastructure for our primary product offering as well as development work on our online product portfolio including the Robot Fruit, StreamTrak, Amped Fantasy, Fantify, SportsAlert and mobile technology. We expect these costs to increase in the current fiscal year. Marketing and sales costs included compensation for our sales staff and various internet marketing-related costs. Rents were primarily related to three leases we are obligated under for our Santa Barbara, California office. Officer compensation related to a variety of accruals to the two primary executives that operate our business. Other operating costs include telecom, depreciation, utilities, travel and entertainment and various other costs of doing business.

	For the SixMonths EndedFebruary 29, 2016			For the SixMonths EndedFebruary 28, 2015
	For the NineMonths EndedMay 31, 2016			For the NineMonths EndedMay 31, 2015
Other income (expenses):
Other income (expenses)
Other income (expense)	$	-		$	(5657,~~681~~126	)
Interest expense		(~~176~~249,~~838~~215	)		(~~163~~905,~~545~~117	)
Interest expense – accretion		(~~246~~370,~~976~~463	)		(~~331~~1,~~760~~574,848	)
Loss on extinguishment		-			~~(66,537~~-	)
Gain on sale of co-location and domain		175,992			-(101,562	)
Change in fair value of derivatives		~~372~~438,~~077~~067			~~274~~321,~~204~~961
Total other income (expenses)	$	~~124~~(5,~~255~~619	)	$	(~~344~~2,~~319~~316,692	)

22Other (expense) income for the nine months ended May 31, 2016 and 2015, totaled $(5,619) and $(2,316,692), respectively. We incurred interest expense calculated on our convertible promissory notes and fees charged by the provider of our factoring line of credit, among others. We recorded the amortization of various debt discounts associated with our convertible promissory notes. The discounts are the result of derivative liabilities in which are recorded due to the variability of the notes conversion price. The derivative liabilities have to be re-measured as of each reporting date. For the nine months ended May 31, 2016 and 2015, the re-measurement resulted in a gain (loss) on change in fair value of derivative liabilities of $438,067 and $321,961, respectively. During the nine months ended May 31, 2016 and 2015, the Company's stock price decreased substantially from August 31, 2015 and 2014 which impacted the valuation of the derivative liabilities.

~~Other (expense) income for the six months ended February 29, 2016 and February 28, 2015, totaled $124,255 and $(344,319), respectively.~~ We ~~incurred~~did ~~interest~~not ~~expense~~generate ~~calculated~~taxable onprofits ~~our~~for ~~convertible promissory notes and fees charged by~~ the ~~provider~~nine of our factoring line of credit, among others. We recorded the amortization of various debt discounts associated with our convertible promissory notes. The discounts are the result of derivative liabilities which are recorded due to the variability of the notes' conversion price. The derivative liabilities have to be re-measured as of each reporting date. For the six months ended ~~February~~May 2931, 2016 and ~~February~~May 2831, 2015, ~~the re-measurement resulted in a gain (loss) on change in fair value of derivative liabilities of $372,077 and $274,204,~~ respectively. ~~During~~As ~~the~~a ~~six months ended February 29~~result, ~~2016~~no ~~and~~provision ~~February~~for ~~28,~~income ~~2015,~~taxes ~~the~~was ~~Company's~~recorded ~~stock~~during ~~price~~either ~~decreased substantially from August 31, 2015 and 2014 which impacted the valuation of the derivative liabilities~~period.

WeComparison ~~did~~of ~~not generate taxable profits for~~ the ~~six~~Three ~~months~~Months ~~ended~~Ended ~~February~~May 2931, 2016 and ~~February~~May 2831, 2015~~, respectively. As a result, no provision for income taxes was recorded during either period.~~

Comparison of the Three Months Ended February 29, 2016 and February 28, 2015

	For the Three Months Ended May 31, 2016		For the Three Months Ended May 31, 2015
Revenue:
Advertising	$	120,041	$	203,189
Services		-		8,250
Total revenue	$	120,041	$	211,439

	For the ThreeMonths EndedFebruary 29, 2016		For the ThreeMonths EndedFebruary 28, 2015
Revenue:
Advertising	$	161,306	$	209,286
Services		8,588		8,250
Total revenue	$	169,894	$	217,536

Revenues for the three months ended May 31, 2016 and 2015, totaled $120,041 and $211,439, respectively. The period over period decline can be attributed to several factors. Video revenue decreased for the three month period year over year by $34,703 attributable to reduced listening time, overall industry technical changes and ad related errors including Vpaid errors, ad response times, increased latency, creative errors and creative load time. Display revenue decreased for the three month period year over year by $47,301. Tighter buying criteria by Customers as a result of quality scoring from companies such as Integral Ad Science, Doubleverify and ForensIQ also reduced buys from some Customers.

Revenues for the three months ended February 29, 2016 and February 28, 2015, totaled $169,894 and $217,536 respectively. The period over period decline can be attributed to several factors. Video revenue decreased for the three month period year over year by $20,557 attributable to overall industry technical changes and ad related errors including Vpaid errors, ad response times, increased latency, creative errors and creative load time. Tighter buying criteria by Customers as a result of quality scoring from companies such as Integral Ad Science, Doubleverify and ForensIQ also reduced buys from some Customers. Display revenue decreased for the three month period year over year by $27,290.

	For the Three Months Ended May 31, 2016		For the Three Months Ended May 31, 2015
Costs of revenues:
Media network	$	73,008	$	89,008
Depreciation and amortization		-		-
Colocation services		6,847		39,669
Broadcaster commissions		12,289		22,667
Other		99		(191	)
Total costs of revenue	$	92,243	$	151,153

	For the ThreeMonths EndedFebruary 29, 2016		For the ThreeMonths EndedFebruary 28, 2015
Costs of revenues:
Media network	$	87,287	$	86,001
Depreciation and amortization		-		9,340
Colocation services		7,564		38,334
Broadcaster commissions		16,032		21,804
Other		851		928
Total costs of revenue	$	111,734	$	156,407

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23Costs of revenues for the three months ended May 31, 2016 and 2015 totaled $92,243 and $151,153, respectively. We incurred substantial media network costs associated with the distribution of our content across a variety of advertising networks. Our costs of distributing our content will proportionally decrease dramatically as we reach scale. In order to operate the RadioLoyaltyTM online broadcasting platform, RadioLoyaltyTM mobile and tablet apps and our ad-serving technologies, we shifted our business to primarily utilize ASW's cloud. We refer to these costs as colocation services. Our advertising sales arrangements with over 5,000 RadioLoyaltyTM stations facilitate us paying the broadcasters a monthly revenue sharing fee or license fee in exchange for advertising inventory around their content and listenership. We refer to these costs as broadcaster commissions in the event that we purchase the ad inventory. Other costs of sales include depreciation associated with computer servers, streaming costs, adserving costs, and various application technologies that support our primary product offerings.

Costs of revenues for the three months ended February 29, 2016 and February 28, 2015 totaled $111,734 and $156,407, respectively. We incurred substantial media network costs associated with the distribution of our content across a variety of advertising networks. Our costs of distributing our content will proportionally decrease dramatically as we reach scale. In order to operate the RadioLoyaltyTM online broadcasting platform, RadioLoyaltyTM mobile and tablet apps and our ad-serving technologies, we shifted our business to primarily utilize ASW's cloud. We refer to these costs as colocation services. Our advertising sales arrangements with over 5,000 RadioLoyaltyTM stations facilitate us paying the broadcasters a monthly revenue sharing fee or license fee in exchange for advertising inventory around their content and listenership. We refer to these costs as broadcaster commissions in the event that we purchase the ad inventory. Other costs of sales include depreciation associated with computer servers, streaming costs, adserving costs, and various application technologies that support our primary product offerings.

	For the Three Months Ended May 31, 2016		For the Three Months Ended May 31, 2015
Operating expenses
Product development	$	-	$	3,445
Officer compensation		25,000		7,825
Sales and marketing		6,177		11,771
Other		270,193		241,786
Total operating expenses	$	301,370	$	264,827

	For the ThreeMonths EndedFebruary 29, 2016		For the ThreeMonths EndedFebruary 28, 2015
Operating expenses:
Product development	$	138	$	5,250
Officer compensation		25,000		10,499
Sales and marketing		7,050		36,129
Other		254,169		221,150
Total operating expenses	$	286,357	$	273,028

Operating expenses for the three months ended May 31, 2016 and 2015 totaled $301,370 and $264,827, respectively. We have a broad-based business strategy to acquire more broadcasters directly, enter into joint ventures, revenue sharing arrangements or similar contracts with internet radio station guides (aggregators), and consider mergers and acquisition targets on an ongoing basis. Product development costs were associated with continuing improvements to the software and related infrastructure for our primary product offering as well as development work on our online product portfolio including the Robot Fruit, StreamTrak, Amped Fantasy, Fantify, SportsAlert and mobile technology. We expect these costs to increase in the current fiscal year. Marketing and sales costs included compensation for our sales staff and various internet marketing-related costs. Rents were primarily related to three leases we are obligated under for our Santa Barbara, California office. Officer compensation related to a variety of accruals to the two primary executives that operate our business. Other operating costs include telecom, depreciation, utilities, travel and entertainment and various other costs of doing business.

Operating expenses for the three months ended February 29, 2016 and February 28, 2015 totaled $286,357 and $273,028, respectively. We have a broad-based business strategy to acquire more broadcasters directly, enter into joint ventures, revenue sharing arrangements or similar contracts with internet radio station guides (aggregators), and consider mergers and acquisition targets on an ongoing basis. Product development costs were associated with continuing improvements to the software and related infrastructure for our primary product offering as well as development work on our online product portfolio including the Robot Fruit, StreamTrak, Amped Fantasy, Fantify, SportsAlert and mobile technology. We expect these costs to increase in the current fiscal year. Marketing and sales costs included compensation for our sales staff and various internet marketing-related costs. Rents were primarily related to three leases we are obligated under for our Santa Barbara, California office. Officer compensation related to a variety of accruals to the two primary executives that operate our business. Other operating costs include telecom, depreciation, utilities, travel and entertainment and various other costs of doing business.

	For the Three Months Ended May 31, 2016			For the Three Months Ended May 31, 2015
Other income (expenses)
Other income (expense)	$	-		$	(444	)
Interest expense		(72,377	)		(409,812	)
Interest expense – accretion		(123,487	)		(1,574,848	)
Loss on extinguishment		-			-
Gain on sale of co-location and domain		-			(35,025	)
Change in fair value of derivatives		65,990			47,757
Total other income (expenses)	$	(129,874	)	$	(1,972,372	)

	For the ThreeMonths EndedFebruary 29, 2016			For the ThreeMonths EndedFebruary 28, 2015
Other income (expenses):
Other income (expense)	$	-		$	(30,224	)
Interest expense		(80,820	)		(90,987	)
Interest expense – accretion		(123,486	)		(209,191	)
Loss on extinguishment		-			(66,537	)
Gain on sale of co-location and domain		175,992			-
Change in fair value of derivatives		368,195			4,850,179
Total other income (expenses)	$	339,881		$	4,453,240

Other (expense) income for the three months ended May 31, 2016 and 2015, totaled $(129,874) and $(1,972,372), respectively. We incurred interest expense calculated on our convertible promissory notes and fees charged by the provider of our factoring line of credit, among others. We recorded the amortization of various debt discounts associated with our convertible promissory notes. The discounts are the result of derivative liabilities in which are recorded due to the variability of the notes conversion price. The derivative liabilities have to be re-measured as of each reporting date. For the three months ended May 31, 2016 and 2015, the re-measurement resulted in a gain (loss) on change in fair value of derivative liabilities of $65,990 and $47,757, respectively. During the three months ended May 31, 2016 and 2015 the Company's stock price decreased substantially from August 31, 2015 and 2014 which impacted the valuation of the derivative liabilities.

2420 Table of Contents

Other (expense) income for the three months ended February 29, 2016 and February 28, 2015, totaled $339,881 and $4,453,240, respectively. We incurred interest expense calculated on our convertible promissory notes and fees charged by the provider of our factoring line of credit, among others. We recorded the amortization of various debt discounts associated with our convertible promissory notes. The discounts are the result of derivative liabilities in which are recorded due to the variability of the notes conversion price. The derivative liabilities have to be re-measured as of each reporting date. For the three months ended February 29, 2016 and February 28, 2015, the re-measurement resulted in a gain (loss) on change in fair value of derivative liabilities of $368,195 and $4,850,179, respectively. During the three months ended February 29, 2016 and February 28, 2015 the Company's stock price decreased substantially from August 31, 2015 and 2014 which impacted the valuation of the derivative liabilities.

Liquidity and Capital Resources

As of ~~February~~May 2931, 2016 we had cash totaling $1413,~~741~~867. We had net a working capital deficit of $4,~~074~~419,~~748~~481 as of ~~February~~May 2931, 2016, compared to a net working capital deficit of $3,684,709 as of August 31, 2015. Our principal uses of cash during the ~~six~~nine months ending ~~February~~May 2931, 2016 were funding our operations.

Going Concern

The Company's consolidated financial statements are prepared using accounting principles generally accepted in the United States of America applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. For the ~~six~~nine months ended ~~February~~May 2931, 2016, the Company recorded an operating loss of $~~446~~720,~~443~~015 and a net loss of $~~322~~725,~~188~~634. As of ~~February~~May 2931, 2016, the Company had a working capital deficit of $43,~~074~~958,~~748~~692, which excluding the derivative liability was $3460,~~547~~789,~~969,~~ indicating substantial doubt regarding the Company's ability to continue as a going concern.

Management is confident but cannot guarantee that the Company will be able to raise ~~capital~~ in order to repay debts and continue operations. During the year ending August 31, 2016, the Company is obligated to make payments on certain operating leases, convertible debts, and a capital lease, among others. The Company's normal operating costs are also significant and include consulting fees, professional fees, product development costs and marketing and sales costs associated with management's business plan. Additionally, the Company is currently in default on its capital lease,. asIf athe ~~result~~Company ofdefaults ~~which~~on this capital lease, the lessor may decide to take back its equipment. The Company has replaced its use of the equipment with ASW's cloud so if the lessor decides to take back its equipment the impact operational impact would be minimal. Since inception and through ~~February~~May 2931, 2016, the Company has successfully raised a significant amount of capital. However, the ability of the Company to continue as a going concern is dependent on the successful execution of the business plan in order to become profitable. If the Company is unable to become profitable or ~~generate~~sustain ~~positive~~its cash flow, the Company could be forced to modify its business operations or possibly cease operations entirely. Management cannot provide any assurances that the Company will be successful in its operations. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

Working Capital Related Party Financing

The Company has only been operating since November 30, 2011. As a result, the Company has an extremely limited credit history. The Company's Chief Executive Officer, and the Chief Executive Officer of StreamTrack Media, Inc. ~~frequently~~ use their personal credit cards to fund ~~the~~operations ~~Company's~~on ~~operations~~a frequent basis. If the Company did not have access to these credit cards, the Company would have to rely exclusively on external sources of capital,. ~~which~~The Company's external sources of capital are not always readily available. As a result, in time-constrained circumstances, ~~such~~the use of personal credit cards is necessary until such time as the Company ~~establishes~~is able to build up its own credit-worthiness and isaccess more readily ~~able~~available toand ~~access~~ significant credit.

Capital Expenditures

Based on current estimates, we believe that our anticipated capital expenditures will be adequate to implement our current plans.

Historical Trends

The following table summarizes our cash flow data for the ~~six~~nine months ended ~~February~~May 2931, 2016 and ~~February~~May 2831, 2015.

	For the SixMonths EndedFebruary 29,2016			For the SixMonths EndedFebruary 28,2015
	For the NineMonths EndedMay 31,2016			For the NineMonths EndedMay 31,2015
Net cash provided by (used in) operating activities	$	(~~537~~580,~~079~~602	)	$	4(170,~~909~~613	)
Net cash used in investing activities		~~160~~166,~~477~~084			(~~313~~363,~~614~~467	)
Net cash provided by financing activities		~~383~~420,~~434~~476			~~290~~507,~~106~~490

Cash flow provided by (used in) operating activities totaled ($~~537~~580,~~079~~602) for the ~~six~~nine months ended ~~February~~May 2931, 2016, compared to $4(170,~~909~~613) used for the ~~six~~nine months ended ~~February~~May 2831, 2015. Operating cash flow was negative as we continued operations and a focused effort on product development and efforts towards certain potential significant partnerships with third parties within the digital media industry.

Cash flow used in (provided by) investing activities totaled $~~160~~166,~~477~~084 for the ~~six~~nine months ended ~~February~~May 2931, 2016, compared to ($~~313~~363,~~614~~467) ~~for~~ the ~~six~~nine months ended ~~February~~May 2831, 2015. The increase in cash provided by activities relates to the sale of our co-location and related assets in which $150,000 in proceeds were received.

Cash flow provided by financing activities totaled $~~383~~420,~~434~~476 for the ~~six~~nine months ended ~~February~~May 2931, 2016, compared to $~~290~~507,~~106~~490 for the ~~six~~nine months ended ~~February~~May 2831, 2015. We raised substantial capital through the issuance of convertible promissory notes, net proceeds from the line of credit, and advances from related our primary executive officers during the ~~six~~nine months ended ~~February~~May 2931, 2016 and 2015, respectively.

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ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURE ABOUT MARKET RISK..

Not required for a smaller reporting company.

ITEM 4. CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures

For purposes of this section, the term disclosure controls and procedures means controls and other procedures of an issuer that are designed to ensure that information required to be disclosed by the issuer in the reports that it files or submits under the Act (15 U.S.C. 78a et seq.) is recorded, processed, summarized and reported, within the time periods specified in the Commission's rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by in our reports filed under the Securities Exchange Act of 1934, as amended (the "Exchange Act") is accumulated and communicated to the issuer's management, including its principal executive and principal financial officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.

As of the end of the period covered by this Quarterly Report, we conducted an evaluation, under the supervision and with the participation of our Chief Executive Officer (Principal Executive and Financial Officer); of our disclosure controls and procedures (as defined in Rule 13a-15(e) and Rule 15d-15(e) of the Exchange Act). Based upon this evaluation, our Chief Executive Officer (Principal Executive and Financial Officer) concluded that the Company's disclosure controls and procedures are effective to ensure that information required to be disclosed by the Company in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC's rules and forms and which also are effective in ensuring that information required to be disclosed by the Company in the reports that it files or submits under the Exchange Act is accumulated and communicated to the Company's management, including the Company's Chief Executive Officer (Principal Executive and Financial Officer), to allow timely decisions regarding required disclosure.

Changes in Internal Controls over Financial Reporting

There has not been any changes in our internal controls over financial reporting during the period covered by this report that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

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PART II. OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

The Company is not party to any legal proceeding.

ITEM 1A. RISK FACTORS.

Not required for a smaller reporting company.

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

None

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ITEM 6. EXHIBITS

(a) Exhibits:

Number		Description

31.1		Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

32.1		Certification of Chief Executive Officer pursuant to 18 U.S.C. §1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

101.INS		XBRL Instance Document

101.SCH		XBRL Taxonomy Extension Schema Document

101.CAL		XBRL Taxonomy Extension Calculation Linkbase Document

101.DEF		XBRL Taxonomy Extension Definition Linkbase Document

101.LAB		XBRL Taxonomy Extension Label Linkbase Document

101.PRE		XBRL Taxonomy Extension Presentation Linkbase Document

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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.

	STREAMTRACK, INC.
Date: April 14, 2016	By:	/s/ Michael Hill
Date: July 20, 2016	By:	/s/ Michael Hill
	Name:	Michael Hill
	Title:	Chairman of the Board of Directors,Chief Executive Officer, President,and Chief Financial Officer (Principal Executive Officer,Principal Financial Officer, and Principal Accounting Officer)

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