UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, 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 ~~September~~December 3031, 2016 or

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

For the transition period ~~from ___________to__________~~from______________to_____________

333-196040

Commission File Number

Gen Serv, Inc.

(Exact name of registrant as specified in it’s charter)

Nevada		46-3026985
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)
112 North Curry Street, Carson City NV		89703
(Address of principal executive offices)		(Zip Code)

112 North Curry Street, Carson City NV		89703
(Address of principal executive offices)		(Zip Code)

(561) 568-1234

(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

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

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

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

If an Emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act x

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

APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PRECEDING FIVE YEARS:

Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Sections 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court ¨ Yes ¨ No

APPLICABLE ONLY TO CORPORATE ISSUERS:

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date. As of ~~June~~July 1511, 2017 there are 70,000,000 common shares issued and outstanding.

TABLE of CONTENTS

PART I—FINANCIAL INFORMATION
Item 1.	Financial Statements.	3
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations.	310
Item 3.	Quantitative and Qualitative Disclosures About Market Risk.	1011
Item 4.	Controls and Procedures.	11
PART II—OTHER INFORMATION
Item 1.	Legal Proceedings.	12
Item 1A.	Risk Factors.	12
Item 2.	Unregistered Sales of Securities and Use of Proceeds.	12
Item 3.	Defaults Upon Senior Securities.	12
Item 4.	Mine Safety Disclosures	12
Item 5.	Other Information.	12
Item 6.	Exhibits.	13

2 ~~Table of Contents~~

PART I—FINANCIAL INFORMATION

Item 1. Financial Statements.

GEN SERV, INC.

FINANCIAL STATEMENT

~~September~~December 3031, 2016

Unaudited

BALANCE SHEETS			4

STATEMENTS OF OPERATIONS			5

STATEMENTS OF CASH FLOWS			6

NOTES TO FINANCIAL STATEMENTS			7

3 ~~Table of Contents~~

GEN SERV, INC.

BALANCE SHEET

(Unaudited)

	September 30, 2016			June 30, 2016
	December 31, 2016			June 30, 2016
	(Unaudited)			(Audited)
ASSETS
CURRENT ASSETS
Cash	$	101,~~913~~909		$	9
TOTAL CURRENT ASSETS	$	101,~~913~~909		$	9
LIABILITIES AND STOCKHOLDERS’ DEFICIT
CURRENT LIABILITIES
Accounts payable and accrued liabilities	$	~~661~~742		$	1,378
Due to related party (Note 3)		2213,120			8,065
TOTAL CURRENT LIABILITIES		2213,~~781~~862			9,443
STOCKHOLDERS’ DEFICIT
Capital stock (Note 4) Authorized 75,000,000 shares of common stock, $0.001 par value, Issued and outstanding 70,000,000 shares of common stock (70,000,000 – June 30, 2016 (Refer Note 4)		70,000			70,000
Additional paid in capital		(57,010	)		(57,010	)
Deficit accumulated during the development stage		(24,858	)		(22,424	)
Deficit accumulated		(24,943	)		(22,424	)
TOTAL STOCKHOLDERS’ DEFICIT		(11,~~868~~953	)		(9,434	)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT	$	101,~~913~~909		$	9

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

Table of Contents

GEN SERV, INC.

STATEMENTS OF OPERATIONS

(Unaudited)

	Three Months Ended September 30,
	Three Months Ended December 31						Six Months Ended December 31
	2016			2015			2016			2015
REVENUES	$	-		$	-		$	-		$	-
EXPENSES
Office and general		~~1,434~~85			-90			1,519			90
Professional fees		~~1,000~~-			1,750			1,000			1,750
TOTAL EXPENSES		~~2,434~~-			-1,840			2,519			1,840
NET LOSS	$	(~~2,434~~85	)	$	-(1,840	)	$	(2,519	)	$	(1,840	)
BASIC LOSS PER COMMON SHARE	$	(0.00	)	$	(0.00	)	$	(0.00	)	$	(0.00	)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - BASIC		70,000,000			679,826,087
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING-BASIC		70,000,000			62,000,000			70,000,000			370,913,043

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

Table of Contents

GEN SERV, INC.

STATEMENTS OF CASH FLOWS

(Unaudited)

	Three months ended September 30, 2016			Three months ended September 30, 2015
	Six months ended December 31, 2016			Six months ended December 31, 2015
OPERATING ACTIVITIES
Net loss for the period	$	(2,~~434~~519	)	$	-(1,840	)
Adjustments to reconcile net loss to net cash used in operating activities:
Changes in operating assets and liabilities:
Increase (decrease) in Accounts payables and accrued liabilities		(~~717~~636	)		-(740	)
NET CASH USED IN OPERATING ACTIVITIES		(3,~~151~~155	)		-(2,580	)
CASH FLOW FROM INVESTING ACTIVITIES		-			-
CASH FLOW FROM FINANCING ACTIVITIES
Proceeds on sale of common stock		-			-10
Payment of purchase of common stock		-			(10	)
Related party advances		145,055			10-
NET CASH PROVIDED BY FINANCING ACTIVITIES		145,055			-
NET INCREASE (DECREASE) IN CASH		101,~~904~~900			-(2,580	)
CASH, BEGINNING		9			3,104
CASH, ENDING	$	101,~~913~~909		$	~~3,104~~524
SUPPLEMENTAL CASH FLOW INFORMATION AND NONCASH FINANCING ACTIVITIES;
Cash paid during the period for:
Interest	$	-		$	-
Income taxes	$	-		$	-

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

Table of Contents

NOTE 1 – NATURE OF OPERATIONS AND BASIS OF PRESENTATION

Gen Serv, Inc. (the “Company”) was incorporated in the State of Nevada on June 20, 2013. The Company is in the initial development stage and was organized to engage in the business of providing concierge type service, offering a full array of services that an individual or company may require.

Basis of presentation

The financial statements present the balance sheet, statements of operations, stockholders’ equity and cash flows of the Company. These financial statements are presented in the United States dollars and have been prepared in accordance with accounting principles generally accepted in the United States.

Going concern

To date the Company has generated no revenues from its business operations and has incurred operating losses since inception of $24,~~858~~943. As at ~~September~~December 3031, 2016, the Company has a working capital deficit of $11,~~868~~953. The Company will require additional funding to meet its ongoing obligations and to fund anticipated operating losses. The ability of the Company to continue as a going concern is dependent on raising capital to fund its initial business plan and ultimately to attain profitable operations. Accordingly, these factors raise substantial doubt as to the Company’s ability to continue as a going concern. The Company intends to continue to fund its business by way of private placements and advances from related parties as may be required. These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts, or amounts and classification of liabilities that might result from this uncertainty.

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation – Unaudited Financial Statements

The accompanying unaudited financial statements have been prepared in accordance with generally accepted accounting principles for financial information and with the instructions to Form 10-Q. They do not include all information and footnotes required by United States generally accepted accounting principles for complete financial statements. However, except as disclosed herein, there has been no material changes in the information disclosed in the notes to the financial statements for the fiscal year ended June 30, 2016 included in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission. The unaudited financial statements should be read in conjunction with those financial statements included in the Form 10-K. In the opinion of Management, all adjustments considered necessary for a fair presentation, consisting solely of normal recurring adjustments, have been made. Operating results for the ~~three~~six months ended ~~September~~December 3031, 2016 are not necessarily indicative of the results that may be expected for the year ending June 30, 2017.

Use of Estimates and Assumptions

Preparation of the financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect certain reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the period. Accordingly, actual results could differ from those estimates.

Cash and Cash Equivalents

For purposes of the statement of cash flows, the Company considers highly liquid financial instruments purchased with a maturity of three months or less to be cash equivalents.

Financial Instruments

The carrying amount of the Company’s financial assets and liabilities approximates their fair values due to their short term maturities.

Table of Contents

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

Basic and Diluted Loss per Common Share

The basic earnings (loss) per share are calculated by dividing the Company’s net income available to common shareholders by the weighted average number of common shares during the year. The diluted earnings (loss) per share is calculated by dividing the Company’s net income (loss) available to common shareholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity. Diluted earnings (loss) per share are the same as basic earnings (loss) per share due to the lack of dilutive items in the Company. As of ~~September~~December 3031, 2016 and 2015, there were no common stock equivalents outstanding.

Income Taxes

The Company follows the liability method of accounting for income taxes. Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax balances and tax loss carry-forwards. Deferred tax assets and liabilities are measured using enacted or substantially enacted tax rates expected to apply to the taxable income in the years in which those differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the date of enactment or substantive enactment.

Stock-based Compensation

The Company follows ASC 718-10, "Stock Compensation", which addresses the accounting for transactions in which an entity exchanges its equity instruments for goods or services, with a primary focus on transactions in which an entity obtains employee services in share-based payment transactions. ASC 718-10 is a revision to SFAS No. 123, "Accounting for Stock-Based Compensation," and supersedes Accounting Principles Board ("APB") Opinion No. 25, "Accounting for Stock Issued to Employees," and its related implementation guidance. ASC 718-10 requires measurement of the cost of employee services received in exchange for an award of equity instruments based on the grant-date fair value of the award (with limited exceptions). Incremental compensation costs arising from subsequent modifications of awards after the grant date must be recognized. As of ~~September~~December 3031, 2016 the Company had not adopted a stock option plan nor had it granted any stock options. Accordingly no stock-based compensation has been recorded to date.

Recent Accounting Pronouncements

The Company does not expect the adoption of any other recent accounting pronouncements to have a material impact on its financial statements.

NOTE 3 – DUE TO RELATED PARTY

During this period, the Company received $112,000 from Chris Riker, the Company’s President and Director, for operating expenses payment, and made payment $3,055 to vendor directly.

As of ~~September~~December 3031, 2016 the balance of due to related party is $2213,120. The amounts due to the related party are unsecured and non- interest-bearing with no set terms of repayment.

NOTE 4 – STOCKHOLDERS’ EQUITY (DEFICIT)

The Company’s capitalization is 75,000,000 common shares with a par value of $0.001 per share. No preferred shares have been authorized or issued. As of ~~September~~December 3031, 2016, 70,000,000 shards is issued and outstanding.

On June 26, 2013, the Company issued 2,000,000,000 (10,000,000 pre-split) common shares at $0.000005 per share to the sole director and President of the Company for cash proceeds of $10,000.

From December 2014 through March 2015, the Company entered into stock subscription agreements to issue 30,000,000 shares of its common stock for $3,000 in cash. As of December 31, 2015, agreements to issue 22,000,000 shares were executed; of which 22,000,000 shares had be issued for net proceeds of $2,200 to the Company; however, cash had not been received for 8,000,000, at December 31, 2015 (total related value of $800). On February 5, 2016 the $800 was received.

Table of Contents

NOTE 4 – STOCKHOLDERS’ EQUITY (DEFICIT) (continued)

On July 28, 2015, the directors of the Company approved a special resolution to undertake a forward split of the common stock of the Company on a basis of 200 common shares for 1 old common share. All references in these financial statements to number of common shares, price per share and weighted average number of shares outstanding prior to the 200:1 forward split have been adjusted to reflect the stock split on a retroactive basis, unless otherwise noted.

On July 30, 2015, founding shareholder of the Company returned 1,960,000,000 (9,800,000 pre-split) restricted shares of common stock to treasury and the shares were subsequently cancelled by the Company. The shares were returned to treasury for $0.000000005 per share for a total consideration of $10 to the shareholder.

As of ~~September~~December 3031, 2016, the Company has not granted any stock options and has not recorded any stock-based compensation.

NOTE 5 – SUBSEQUENT EVENTS

On ~~October~~February 243, 2017, the Company ~~repaid~~received $94,000, on February 7, 2017 received $3,000 and on May 3, 2017 received $2,500 from the CEO of the Company. The amounts due to the related party ~~loan~~are tounsecured ~~its~~and ~~president~~non- interest-bearing with no set terms of repayment.

Table of Contents

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.

This section of this Form 10-Q includes a number of forward-looking statements that reflect our current views with respect to future events and financial performance. Forward-looking statements are often identified by words like believe, expect, estimate, anticipate, intend, project and similar expressions, or words which, by their nature, refer to future events. You should not place undue certainty on these forward-looking statements. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from our predictions.

Results of Operations

For the three month period ended ~~September~~December 3031, 2016 we had no revenue. Expenses for the three month period ended ~~September~~December 3031, 2016 totaled $~~2,434~~85 resulting in a Net loss of $~~2,434~~85 compared to expenses totaling $~~Nil~~1,840 and a net loss of $~~Nil~~1,840 for the three month period ended ~~September~~December 3031, 2015. The Net Loss for the three month period ended ~~September~~December 3031, 2016 is a result of Office and General expense of $~~1,434~~85 comprised primarily of ~~Bank charges of $96 and~~ printing ~~expense~~fees. ~~of $1,338~~ and Professional fees of $~~1,000 comprised primarily of accounting expense~~Nil. The Net Loss ~~of $Nil~~ for the three month period ended ~~September~~December 3031, 2015 iswas a result of Office and General expense of $~~Nil~~90 comprised primarily of ~~accounting~~bank ~~expense~~fees and ~~printing expense and~~ Professional fees of $~~Nil~~1,750 comprised primarily of accounting fees.

For the six month period ended December 31, 2016 we had no revenue. Expenses for the six month period ended December 31, 201 totaled $2,519 resulting in a Net loss of $2,519 compared to expenses totaling $1,840 and a net loss of $1,840 for the six month period ended December 31, 2015. The Net Loss for the six month period ended December 31, 2016 is a result of Office and General expense of $1,519 comprised primarily of bank service charges and printing expense and Professional fees of $1,000 comprised primarily of accounting expenses. The Net Loss for the six month period ended December 31, 2015 was a result of Office and General expense of $90 comprised primarily of bank fees and Professional fees of $1,750 comprised primarily of accounting fees.

Capital Resources and Liquidity

Our auditors have issued a “going concern” opinion, meaning that there is substantial doubt if we can continue as an on-going business for the next twelve months unless we obtain additional capital. No substantial revenues are anticipated until we have completed the financing from this offering and implemented our plan of operations. With the exception of cash advances from our sole Officer and Director, our only source for cash at this time is investments by others in this offering. We must raise cash to implement our strategy and stay in business. The amount of the offering will likely allow us to operate for at least one year.

As of ~~September~~December 3031, 2016, we had $101,~~913~~909 in cash as compared to $9 in cash at June 30, 2016. The funds available to the Company will not be sufficient to fund the planned operations of the Company and maintain a reporting status. As of ~~September~~December 3031, 2016, the Company’s sole officer and director, Mr. Riker has loaned the Company $2213,120 and he has indicated that he may be willing to provide additional funds required maintain the reporting status, in the form of a non-secured loan for the next twelve months as the expenses are incurred if no other proceeds are obtained by the Company. However, there is no contract or written agreement in place.

We do not anticipate researching and releasing any further features to our software nor do we foresee the purchase or sale of any significant equipment. We also do not expect any significant additions to the number of employees.

Off-balance sheet arrangements

Other than the situation described in the section titled Capital Recourses and Liquidity, the company has no off-balance sheet arrangements that have or are reasonably likely to have a current or future effect or change on the company’s financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to investors. The term “off-balance sheet arrangement” generally means any transaction, agreement or other contractual arrangement to which an entity unconsolidated with the company is a party, under which the company has (i) any obligation arising under a guarantee contract, derivative instrument or variable interest; or (ii) a retained or contingent interest in assets transferred to such entity or similar arrangement that serves as credit, liquidity or market risk support for such assets

Table of Contents

Item 3. Quantitative and Qualitative Disclosures About Market Risk.

We are a smaller reporting company as defined by Rule 12b-2 of the Exchange Act and are not required to provide the information required under this item.

10 Table of Contents

Item 4. Controls and Procedures.

Disclosure Controls and Procedures

Disclosure controls and procedures are controls and other procedures that are designed to ensure that information required to be disclosed in our reports filed or submitted under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported, within the time period specified in the SEC's rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed in our reports filed or submitted under the Securities Exchange Act of 1934 is accumulated and communicated to management including our principal executive officer and principal financial officer as appropriate, to allow timely decisions regarding required disclosure.

In connection with this quarterly report, as required by Rule 15d-15 under the Securities Exchange Act of 1934, we have carried out an evaluation of the effectiveness of the design and operation of our company's disclosure controls and procedures. This evaluation was carried out under the supervision and with the participation of our company's management, including our company's principal executive officer and principal financial officer. Based upon that evaluation, our company's principal executive officer and principal financial officer concluded that subject to the inherent limitations noted in this Part II, Item 9A(T) as of ~~September~~December 3031, 2016, our disclosure controls and procedures were not effective due to the existence of material weaknesses in our internal controls over financial reporting.

Changes in Internal Control Over Financial Reporting

There were no changes in our internal control over financial reporting (as defined in Rule 13a-15(f) or 15d-15(f)) during the quarter ended ~~September~~December 3031, 2016 that have materially affected, or are reasonably likely to materially affect, our internal controls over financial reporting.

Table of Contents

PART II—OTHER INFORMATION

Item 1. Legal Proceedings.

Currently we are not involved in any pending litigation or legal proceeding.

Item 1A. Risk Factors.

We are a smaller reporting company as defined by Rule 12b-2 of the Exchange Act and are not required to provide the information required under this item.

Item 2. Unregistered Sales of Securities and Use of Proceeds.

None

Item 3. Defaults Upon Senior Securities.

None

Item 4. Mine Safety Disclosures

None

Item 5. Other Information.

None

Table of Contents

Item 6. Exhibits.

Exhibit No.		Description
3.1		Articles of Incorporation [1]
3.2		By-Laws Inc. [2]
31.1		Certification of Chief Executive Officer Pursuant to Rule 13a–14(a) or 15d-14(a) of the Securities Exchange Act of 1934
31.2		Certification of Chief Financial Officer Pursuant to Rule 13a-14(a) or 15d-14(a) of the Securities Exchange Act of 1934*
32.1		Certification of Chief Executive Officer under Section 1350 as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
32.2		Certification of Chief Financial Officer under Section 1350 as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002**
101		Interactive data files pursuant to Rule 405 of Regulation S-T

~~________~~____________

* Included in Exhibit 31.1

*	Included in Exhibit 31.1
**	Included in Exhibit 32.1

** Included in Exhibit 32.1

[1]	Incorporated by reference from the Company’s S-1 filed with the Commission on May 16, 2014.
[2]	Incorporated by reference from the Company’s S-1 filed with the Commission on May 16, 2014.

[1] Incorporated by reference from the Company’s S-1 filed with the Commission on May 16, 2014.

[2] Incorporated by reference from the Company’s S-1 filed with the Commission on May 16, 2014.

Table of Contents

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.

	GEN SERV, INC.
	GEN SERV, INC. (Registrant)
	(Registrant)
Date: July 12, 2017	By:	/s/ Chris Riker
Date: June 16, 2017	By:	/s/ Chris Riker
		Chris Riker
		Chris Riker President and Director Principal and Executive Officer Principal Financial Officer Principal Accounting Officer
		President and Director Principal and Executive Officer Principal Financial Officer Principal Accounting Officer

Filing Compare · Gen Serv, INC.