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

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 30, ~~2013~~ 2017

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

FOR THE TRANSITION PERIOD FROM ~~__________~~___________ TO ~~__________~~___________

COMMISSION FILE NUMBER: 000-15109

CALA CORPORATION Exact Name of Company as Specified in Its Charter)

Exact Name of Company as Specified in Its Charter)

Oklahoma		73-1251800
(State or Other Jurisdiction of Incorporation)		(I.R.S. Employer or Organization Identification No.)

1314 Texas Street, Suite 400, Houston, TX 77002		(713) 302-8689
(Address of Principal Executive Offices.)		(Company’s Telephone Number)

Oklahoma		73-1251800
(State or Other Jurisdiction of Incorporation)		(I.R.S. Employer or Organization Identification No.)
1314 Texas Street, Suite 400, Houston, TX 77002		(713) 236-1818
(Address of Principal Executive Offices		(Company’s Telephone Number)

Indicate by check mark whether the Company (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 Company was required to file such reports), and (2) 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 Company is a large accelerated filer, an accelerated file, non-accelerated filer, or a smaller reporting company.

Large accelerated filer ¨o Accelerated filed ¨o Non-accelerated filer ¨o Smaller reporting company x Emerging growth company o

~~Indicate~~If an emerging growth company, indicate by check mark ~~whether~~if the ~~Company~~registrant ishas aelected ~~shell~~not ~~company~~to ~~(as~~use ~~defined~~the inextended ~~Rule~~transition ~~12b-2~~period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act). ~~Yes ¨ No x~~o

AsIndicate ofby ~~September~~check ~~22,~~mark ~~2015,~~whether the Company ~~had~~is ~~320,866,147~~a ~~shares~~shell ofcompany ~~common~~(as ~~stock~~defined ~~issued~~in ~~and~~Rule ~~outstanding~~12b-2 of the Exchange Act). Yes o No x

~~Transitional~~As ~~Small~~of ~~Business~~November ~~Disclosure~~20, ~~Format~~2017, ~~(check~~the ~~one):~~Company ~~Yes~~had ~~¨ No~~334,866,147 xshares of common stock issued and outstanding.

Transitional Small Business Disclosure Format (check one): Yes ¨ No x

TABLE OF CONTENTS

		Page
PART I: FINANCIAL INFORMATION
Item 1.	Financial Statements		3
	Balance Sheets as of September 30, 2013 (unaudited) and December 31, 2012 (audited)		3
	Balance Sheets as at September 30, 2017 (unaudited) and December 31, 2016		3
	Statements of Operations For the Three and Nine Months ending September 30, 2013 and 2012 (unaudited)		4
	Statements of Operations for the three and nine months ending September 30, 2017 and 2016 (unaudited)		4
	Statements of Cash Flows For the Three and Nine Months Ended September 30 , 2013 and 2012 (unaudited)		5
	Statements of Cash Flows for the nine months ended September 30, 2017 and 2016 (unaudited)		5
	Notes to Financial Statements (unaudited)		6
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations		8
Item 3.	Quantitative and Qualitative Disclosures About Market Risk		1310
Item 4T.	Controls and Procedures		13
Item 4.	Controls and Procedures		10
PART II: OTHER INFORMATION
Item 1.	Legal Proceedings		1512
Item 1A.	Risk Factors		1512
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds		1512
Item 3.	Defaults upon Senior Securities		1613
Item 4.	Mine Safety Disclosure		1613
Item 5.	Other Information		1613
Item 6.	Exhibits		1613
Signatures			1714

CALA ~~CORPORATION~~CORPORATIONBALANCE SHEETS

BALANCE SHEETS

(Unaudited)

	September 30, 2013			December 31, 2012
	September 30,2017			December 31,2016
ASSETS
Total assets	$	-		$	-
Cash held in trust	$	1,337		$	--
Current assets		1,337			--
Total assets	$	1,337		$	---
LIABILITIES AND STOCKHOLDERS' DEFICIT
Current liabilities
Accounts payable and accrued expenses	$	94145,~~797~~627		$	91127,~~130~~987
Due to related party		~~131~~176,~~744~~175			~~124~~178,~~522~~044
Accrued officers salary		1,558,600			1,333,600
Accrued officer salary		2,758,600			2,533,600
Taxes payable		11,599			11,599
Notes payable		6260,000			6260,000
Contingent liabilities		321,667			321,667
Total current liabilities		23,~~180~~473,~~407~~668			13,~~944~~232,~~518~~897
Total liabilities		23,~~180~~473,~~407~~668			13,~~944~~232,~~518~~897
Stockholders' deficit
Common stock
Common stock $0.005 par value; 400,000,000 shares authorized Issued and outstanding: 334,866,147 and 329,866,147 shares issued and outstanding at September 30, 2017 and December 31, 2016, respectively		1,674,329			1,649,329
$0.005 par value; 400,000,000 shares authorized
Additional paid-in capital		11,840,859			11,840,859
Issued and outstanding: 320,866,147 and 320,866,147,
Accumulated deficit		(16,986,903	)		(16,722,469	)
respectively		1,604,329			1,604,329
Treasury stock – 156,533 and 156,533 shares at cost, respectively		(616	)		(616	)
Additional paid-in capital		11,861,259			11,861,259
Total stockholders' deficit		(3,472,331	)		(3,232,897	)
Accumulated deficit		(15,644,879	)		(15,408,990	)
Total liabilities and stockholders’ deficit	$	1,337		$	--
Treasury stock - 56,533 shares at cost		(1,116	)		(1,116	)
Total stockholders' deficit		(2,180,407	)		(1,944,518	)
Total liabilities and stockholders’ deficit	$	-		$	--

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

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CALA CORPORATION

STATEMENTS OF OPERATIONS

For Three and Nine Months Ended September 30,

(Unaudited)

	For Three Months Ended September 30, 2013			For Three Months Ended September 30, 2012			For Nine Months Ended September 30, 2013			For Nine Months Ended September 30, 2012
	Three Months						Nine Months
Revenue	$	-		$	-		$	-		$	-
	2017			2016			2017			2016
General and administrative expense	$	7585,~~355~~800		$	7582,~~353~~600		$	~~226~~249,~~063~~279		$	~~226~~236,~~022~~932
Total operating expenses		7583,~~355~~800			7582,~~353~~600			~~226~~249,~~063~~279			~~226~~236,~~022~~932
Loss from operations		(7585,~~355~~800	)		(7582,~~353~~600	)		(~~226~~249,~~063~~279	)		(~~226~~236,~~022~~932	)
Other income (expense)
Other expense
Interest expense		(35,~~389~~246	)		(34,~~085~~702	)		(915,~~826~~155	)		(813,~~938~~583	)
Total other income (expense)		(3,389	)		(3,085	)		(9,826	)		(8,938	)
Total other income expense		(5,246	)		(4,702	)		(15,155	)		(13,583	)
Net loss	$	(7891,~~744~~046	)	$	(7887,~~438~~302	)	$	(~~235~~264,~~889~~434	)	$	(~~234~~250,~~960~~515	)
Earnings per share:
Net loss per share- basic and diluted	$	(0.00	)	$	(0.00	)	$	(0.00	)	$	(0.00	)
Basic and diluted net loss per common share	$	(0.00	)	$	(0.00	)	$	(0.00	)	$	(0.00	)
Weighted average number of shares outstanding- basic and diluted		320,866,147			320,866,147			320,866,147			320,866,147
Basic and diluted weighted average number of common shares outstanding		334,866,147			320,866,147			333,866,147			327,866,147

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

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CALA CORPORATION

STATEMENTS OF CASH FLOWS

For Nine Months Ended September 30,

(Unaudited)

	For Nine Months Ended September 30, 2013			For Nine Months Ended September 30, 2012
	2017			2016
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$	(~~235~~264,~~889~~434	)	$	(~~234~~250,~~960~~515	)
Adjustments to reconcile loss from continuing
Adjustments to reconcile loss from continuing operations to net cash used in operating activities:
operations to net cash used in operating activities:
Stock issued for services		--			2,100
Changes in operating assets and liabilities:
Increase (decrease) in accounts payable and accrued expenses		3,667			(3,036	)
Accounts payable and accrued liabilities		18,533			11,083
Accrued officers salary		225,000			225,000
Officers salary payable		225,000			225,000
Net cash used in operating activities		(720,~~222~~901	)		(12,~~996~~332	)
CASH FLOW FROM FINANCING ACTIVITIES
Proceeds from due to related party		7,222			12,996
Common stock issued for cash		25,000			--
Net cash provided by financing activities		7,222			12,966
Proceeds from advances - related party		(2,762	)		12,332
NET CHANGE IN CASH		--			-
Net cash provided by financing activities		22,238			12,332
CASH AT BEGINNING OF PERIOD		--			-
NET CHANGE IN CASH		1,337			--
CASH AT END OF PERIOD	$	--		$	-
CASH AT BEGINNING OF PERIOD		--			--
CASH AT END OF PERIOD	$	1,337		$	--
SUPPLEMENTAL INFORMATION:
Interest paid	$	46--		$	~~142~~--
Taxes paid	$	--		$	--
NONCASH INVESTING AND FINANCING ACTIVITIES:
Expenses paid by related party on behalf of Company	$	893		$	--

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

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CALA CORPORATION

NOTES TO FINANCIAL STATEMENTS

September 30, ~~2013~~2017

(Unaudited)

NOTE 1 - ORGANIZATION, DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION

Cala Corporation, (formerly Magnolia Foods, Inc.), (the “Company”) was incorporated on June 13, 1985 under the laws of the State of Oklahoma. The Company's sole industry segment was the business of owning, operating, licensing and joint venturing restaurants. The Company discontinued this line of business on December 31, 2006.

The accompanying unaudited interim financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America for interim financial information and with the instructions to Form 10-Q and Regulation S-X. Accordingly, these ~~condensed~~unaudited interim financial statements do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation have been included and such adjustments are of a normal recurring nature. These financial statements should be read in conjunction with the financial statements for the ~~period~~year ~~from~~ended ~~inception through~~ December 31, ~~2012~~2016 and notes thereto and other pertinent information contained in our Form 10-K the Company has filed with the Securities and Exchange Commission (the “SEC”).

The results of operations for the ~~nine~~three and nine-month period ended September 30, ~~2013~~2017 are not necessarily indicative of the results for the full fiscal year ending December 31, ~~2013~~2017.

NOTE 2 - GOING CONCERN

The accompanying unaudited interim financial statements are prepared on a basis of accounting assuming that the Company is a going concern that contemplates realization of assets and satisfaction of liabilities in the normal course of business. The Company, as shown in the accompanying balance sheets, has limited assets and an accumulated deficit and working capital deficit as of September 30, 2017. The Company has not established any source of revenue to cover its operating costs. These conditions raise substantial doubt as to the Company’s ability to continue as a going concern. The Company’s management plans to engage in very limited activities without incurring any liabilities that must be satisfied in cash until a source of funding is secured. The Company will offer noncash consideration and seek equity lines as a means of financing its operations. If the Company is unable to obtain revenue- producing contracts or financing or if the revenue or financing it does obtain is insufficient to cover any operating losses it may incur, it may substantially curtail or terminate its operations or seek other business opportunities through strategic alliances, acquisitions or other arrangements that may dilute the interests of existing stockholders. ~~These~~The ~~conditions~~financial ~~raise~~statements ~~substantial~~do ~~doubt~~not asinclude toany adjustments that might be necessary if the Company’s ~~ability~~is unable to continue as a going concern.

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NOTE 3 - RELATED PARTY TRANSACTIONS

During the ~~nine~~three ~~month~~and ~~period~~nine months ending September 30, ~~2013~~2017, the Company accrued $75,000 and $225,000 for salary payable to an officer of the Company ~~with~~resulting in a balance due ~~from the Company~~ of $12,~~558~~758,600 which has been accrued and not paid. As of December 31, ~~2012~~2016, salary payable due to officer was $12,~~333~~533,600. The balance is unsecured, non-interest bearing and due on demand.

During the nine -month period ending September 30, ~~2013~~2017, an officer ~~advanced~~paid ~~$7,222~~expenses toof ~~the~~$893 ~~Company~~and ~~for~~was ~~operating~~repaid ~~expenses~~$2,762 ondue ~~behalf~~to of the ~~company~~officer. As of September 30, ~~2013~~2017 and December 31, ~~2012~~2016, the outstanding balance was $~~131~~176,~~744~~175 and $~~124~~178,~~522~~044, respectively. The balance is unsecured, non-interest bearing and due on demand.

6On May 20, 2017, the Company issued 1,000,000 shares of common stock to a director for cash of $5,000.

NOTE 4 - NOTE PAYABLE

In January 2007, the Company issued ana ~~unsecured~~ note for $60,000 bearing interest at 10% on the principal and accrued interest compounding monthly. As of September 30, ~~2013~~2017 and December 31, ~~2012~~2016, the outstanding principal balance of the note was $60,000 and $60,000 and had accrued interest of $64132,~~370~~722 and $54117,~~590~~567, respectively. The note, including principal and interest, is in default and still outstanding.

~~Additionally~~NOTE in5 ~~September 2009, the Company received $2,000 in other advances to meet the day to day expenses of the Company. Such advances are non~~-~~interest~~ ~~bearing and due on demand. As of September 30, 2013 and December 31, 2012, the outstanding balance in advances was $2,000 and $2,000, respectively.~~EQUITY

~~NOTE~~On 5February -2, ~~SUBSEQUENT~~2017, ~~EVENTS~~the Company issued 4,000,000 shares of common stock to two individuals for cash of $20,000.

~~Management~~On ~~has~~May ~~evaluated~~20, ~~subsequent~~2017, ~~events through~~ the ~~date~~Company ~~the financial statements were~~ issued. ~~Based~~1,000,000 onshares ~~our~~of ~~evaluation~~common nostock ~~events~~to ~~have~~a ~~occurred~~related ~~requiring~~party ~~adjustment~~for orcash ~~disclosure~~of $5,000.

7NOTE 6 - LEGAL MATTERS

~~ITEM~~On 2January 20, 2009, a complaint was filed against the Company in the Superior Court of California (case # CIVWS09-0049) ~~MANAGEMENT’S~~terminating ~~DISCUSSION~~the ~~AND~~lease ~~ANALYSIS~~at OF500 ~~FINANCIAL~~Bollinger ~~CONDITION~~Canyon ~~AND~~Way, ~~RESULTS~~San OFRoman, ~~OPERATIONS~~CA due to subleasing the premises without consent of the landlord. A judgment was entered giving the landlord possession of the premises with no monetary amount awarded.

~~The~~On ~~following~~February ~~discussion~~18, ~~and~~2009, ~~analysis~~the Company received a letter demanding payment on the deficiencies of 2 notes totaling $125,000 issued by the Company’s. ~~financial~~Subsequent ~~condition~~to ~~and~~this ~~results~~an action was originated in the District Court of ~~operations~~Jefferson isCounty ~~based~~Texas ~~upon~~(case # A-183,766). ~~and~~The ~~should~~Plaintiff becontends ~~read~~the Company had not paid the principal or interest on promissory notes issued in ~~conjunction~~2004. ~~with~~In ~~its~~2005 ~~unaudited~~the ~~financial~~Company ~~statements~~issued stock of 3,400,000 and ~~related~~2,500,000 ~~notes~~shares ~~included~~to ~~elsewhere~~the plaintiff in ~~this~~full ~~Form~~payment ~~10-Q~~of the outstanding notes and interest to the plaintiff. The Company and principal shareholder has agreed to a judgment of $176,667 ~~which~~plus ~~have~~attorney’s ~~been~~fees ~~prepared~~of in$25,000. ~~accordance~~On ~~with~~October ~~accounting~~27, ~~principles~~2013 ~~generally~~the ~~accepted~~judgment infor cause $183,766 was lodged and entered by the ~~United~~court ~~States~~making the judgment effective as of that date.

The Company and its principal stockholder has agreed to a judgment in Harris Court Texas District Court (Cause# 2010-36988) with the plaintiff of the case to pay the plaintiff $115,000 plus legal costs of $5,000. The settlement calls for a $50,000 payment on January 12, 2014 plus payments of $2,000 per month thereafter. No payments have been made to date. As of this date the judgment has not been signed by the plaintiff attorney or the judge presiding over the case so actual liability is hard to determine.

As of September 30, 2017, the Company has accrued $321,667 for the legal liabilities.

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

The following discussion and analysis of the Company’s financial condition and results of operations is based upon, and should be read in conjunction with, its unaudited financial statements and related notes included elsewhere in this Form 10-Q, which have been prepared in accordance with accounting principles generally accepted in the United States.

Overview

The Company isintends into ~~the~~take ~~planning~~advantage ~~and early stage~~ of ~~building~~reasonable ~~the~~business ~~first~~proposal ~~UnderSea~~presented ~~Resort~~which &management ~~Casino,~~believes ~~the first Undersea Residence, and the first Residence Fractional Ownership. The development~~ will beprovide the ~~residence and the fractional ownership, and the project will be financed from pre-selling individual units. The~~ Company ~~estimates that the resort~~ and ~~casino~~its ~~will~~stockholders ~~include~~with a ~~50,000~~viable ~~square~~business ~~foot~~opportunity ~~world class Spa by Pevonia~~ and afits ~~200,000~~within ~~square foot convention center. The development should generate approximately $600 million of revenue from~~ the ~~sale~~objectives of the ~~units while the total development cost should be approximately $460 million. The~~ Company ~~is in discussions with leaders in the hospitality, gambling, spa~~ and ~~convention~~its ~~industry~~business ~~to explore the possibility of a partnership or contractual arrangement with the Company~~development. The ~~undersea~~board ~~resort ships have the ocean available without the limitations~~ of ~~land.~~directors ~~If and when the Company locates a business opportunity, management of the Company~~ will ~~give~~make ~~consideration to~~ the ~~dollar~~final ~~amount~~approval ~~of that entity's profitable operations and the adequacy of its working capital~~ in determining ~~the~~whether ~~terms~~to ~~and~~complete ~~conditions~~any ~~under which the Company would consummate such an~~ acquisition~~. Potential business opportunities~~, noand ~~matter~~unless ~~which~~required ~~form~~by ~~they~~applicable ~~may take~~law, ~~will most likely result in substantial dilution for~~ the ~~Company’s~~articles ~~shareholders~~of ~~due~~incorporation toor ~~the~~bylaws ~~issuance~~or ofby ~~stock~~contract, tostockholders' ~~acquire~~approval ~~such~~will annot ~~opportunity~~be sought.

The ~~Company~~investigation ~~also~~of ~~intends~~specific tobusiness ~~take~~opportunities ~~advantage~~and the negotiation, drafting, and execution of ~~any~~relevant ~~reasonable~~agreements, ~~business~~disclosure ~~proposal~~documents, ~~presented~~and ~~which~~other instruments will require substantial management ~~believes~~time and attention and will ~~provide~~require the Company ~~and~~to ~~its~~incur ~~stockholders~~costs ~~with~~for apayment ~~viable~~of ~~business~~accountants, ~~opportunity~~attorneys, and ~~fits~~others. ~~within~~If ~~the~~a ~~objectives~~decision ofis ~~the~~made ~~Company~~not ~~and~~to ~~its~~participate ~~business~~in ~~development.~~or ~~The~~complete ~~board~~the acquisition of ~~directors~~a ~~will~~specific ~~make~~business opportunity, the ~~final~~costs ~~approval~~incurred in ~~determining~~a ~~whether~~related toinvestigation ~~complete~~will ~~any~~not ~~acquisition~~be recoverable. Further, ~~and~~even ~~unless~~if ~~required~~an byagreement ~~applicable~~is ~~law,~~reached for the ~~articles~~participation ofin ~~incorporation~~a orspecific ~~bylaws~~business oropportunity by ~~contract~~way of investment or otherwise, ~~stockholders'~~the ~~approval~~failure ~~will~~to ~~not~~consummate bethe ~~sought~~particular transaction may result in the loss to the Company of all related costs incurred.

Along with the development of the Undersea Resort and Casino, the investigation of specific business opportunities and the negotiation, drafting, and execution of relevant agreements, disclosure documents, and other instruments will require substantial management time and attention and will require the Company to incur costs for payment of accountants, attorneys, and others. If a decision is made not to participate in or complete the acquisition of a specific business opportunity, the costs incurred in a related investigation will not be recoverable. Further, even if an agreement is reached for the participation in a specific business opportunity by way of investment or otherwise, the failure to consummate the particular transaction may result in the loss to the Company of all related costs incurred.

Results of Operations

Revenues

The Company reported no revenues for the ~~nine~~three ~~month~~and ~~periods~~nine months ended September 30, ~~2013~~2017 and ~~2012~~2016.

General and Administrative Expenses

The Company incurred total selling, general and administrative expenses of $7585,~~355~~800 ~~for the three months~~ and $~~226~~249,~~063~~279 for the three and nine months ended September 30, ~~2013~~2017 as compared to $7582,~~353~~600 ~~for the three months~~ and $~~226~~236,~~022~~932 for the three and nine months ended September 30, ~~2012~~2016. The ~~difference~~change ~~between~~in ~~the~~this ~~two~~expense ~~periods~~category was insignificant in 2017 over 2016.

Interest Expense

The Company incurred interest charges of $35,~~389~~246 and $915,~~826~~155 ~~during~~for the three and nine months ended September 30, ~~2013~~2017 and $34,~~085~~702 and $813,~~938~~583 for the ~~respective~~same periods in ~~2012~~2016. The increase in interest is due to the interest calculation on the note plus accrued interest increasing the interest amount each quarter.

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Net Loss

The Company reported a net loss of $7891,~~744~~046 and $~~235~~264,~~889~~434 for the three and nine months and ended September 30, ~~2013~~2017 as compared to a net loss of $7887,~~438~~302 and $~~234~~250,~~960~~515 for the same periods ended September 30, ~~2012~~2016. The ~~increased~~losses ~~loss~~ for the ~~periods~~three inand ~~2013,~~nine ~~however~~month ~~minimal~~period was primarily attributable to ~~legal~~accrual ~~and~~of ~~accounting~~officer ~~and other expenses~~salaries.

Factors That May Affect Operating Results

The operating results of the Company can vary significantly depending upon a number of factors, many of which are outside its control. General factors that may affect the Company’s operating results include:

· market acceptance of and changes in demand for products and services; · a small number of customers account for, and may in future periods account for, substantial portions of the Company’s revenue, and revenue could decline because of delays in customer orders or the failure to retain customers; · gain or loss of clients or strategic relationships; · announcement or introduction of new services and products by the Company or by its competitors; · price competition; · the ability to upgrade and develop systems and infrastructure to accommodate growth; · the ability to introduce and market products and services in accordance with market demand; · changes in governmental regulation; and · reduction in or delay of capital spending by clients due to the effects of terrorism, war and political instability.

Key Personnel

The Company’s success is largely dependent on the personal efforts and abilities of its senior management. The loss of certain members of the Company’s senior management, including the Company’s chief executive officer, chief financial officer and chief technical officer, could have a material adverse effect on the Company’s business and prospects.

Operating Activities

The net cash used in operating activities was $720,~~222~~901 for the nine months ~~period~~ended ~~ending~~ September 30, ~~2013~~2017 compared to net cash used of $12,~~996~~332 for the nine months ended September 30, ~~2012~~2016. This ~~decrease~~increase is due primarily to ~~lower~~higher ~~activity~~loss ~~and filings~~ in ~~2013~~2017 over ~~2012~~2016.

Investing Activities

There was no investing activity during the nine months ended September 30, 2013 and 2012.

Financing Activities

Net cash provided by financing activities was $722,~~222~~238 for the nine month period ending September 30, ~~2013~~2017 and $12,~~966~~332 for the same period ending September 30, ~~2012~~2016. ~~Financing~~Cash ~~activities~~provided ~~for~~was from the ~~period~~sale ~~ending~~of ~~September~~common ~~30,~~stock ~~2013~~of ~~was~~$25,000 ~~lower~~less ~~and~~repayment ~~attributed~~on torelated ~~smaller~~party advances ~~from~~of ~~related~~$2,762 ~~party~~in 2017 compared to ~~the~~advances ~~period~~from ~~ended~~a ~~September~~related 30party of $12,332 ~~2012.~~in 2016.

Liquidity and Capital Resources

As of September 30, ~~2013~~2017, the Company had total current assets of ~~zero~~$1,337 and total current liabilities of $23,~~180~~473,~~407,~~668 resulting in net working capital deficit of $23,~~180~~472,~~407~~331. During the nine months ended September 30, ~~2013~~2017 and 2016, the Company incurred alosses ~~net loss~~ of $~~235~~264,~~889.~~434 ~~The~~and ~~accumulated deficit of the Company is~~ $15250,~~644~~515,~~879~~ respectively. These factors raise substantial doubt as to the Company’s ability to continue as a going concern. InThe ~~fact, the~~ Company’s independent accountants’ audit report included in the Form 10-K for the year ended December 31, ~~2012~~2016 includes a substantial doubt paragraph regarding the Company’s ability to continue as a going concern.

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The accompanying unaudited interim financial statements have been prepared assuming that the Company will continue as a going concern which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. However, the ability of the Company to continue as a going concern on a longer-term basis will be dependent upon its ability to generate sufficient cash flow from operations to meet its obligations on a timely basis, to retain its current financing, to obtain additional financing, and ultimately attain profitability.

Our current cash flow will not be sufficient to maintain our capital requirements for the next twelve months. Accordingly, the Company will need to continue raising capital through either debt or equity instruments. The Company believes it will need to raise additional capital to continue executing the business plan. Whereas the Company has been successful in the past in raising capital, no assurance can be given that these sources of financing will continue to be available to us and/or that demand for our equity/debt instruments will be sufficient to meet our capital needs, or that financing will be available on terms favorable to the Company. The financial statements do not include any adjustments relating to the recoverability and classification of assets or liabilities that might be necessary should the Company be unable to continue as a going concern.

If funding is insufficient at any time in the future, the Company may not be able to take advantage of business opportunities or respond to competitive pressures, or may be required to reduce the scope of our planned product development and marketing efforts, any of which could have a negative impact on its business and operating results. In addition, insufficient funding may have a material adverse effect on our financial condition, which could require us to:

· curtail operations significantly; · sell significant assets; · seek arrangements with strategic partners or other parties that may require the Company to relinquish significant rights to products, technologies or markets; or · explore other strategic alternatives including a merger or sale of the Company.

To the extent that the Company raises additional capital through the sale of equity or convertible debt securities, the issuance of such securities may result in dilution to existing stockholders. If additional funds are raised through the issuance of debt securities, these securities may have rights, preferences and privileges senior to holders of common stock and the terms of such debt could impose restrictions on our operations. Regardless of whether our cash assets prove to be inadequate to meet our operational needs, we may seek to compensate providers of services by issuance of stock in lieu of cash, which may also result in dilution to existing shareholders.

Off Balance Sheet Arrangements

The Company does not engage in any off balance sheet arrangements that are reasonably likely to have a current or future effect on our financial condition, revenues, and results of operations, liquidity or capital expenditures.

Inflation

~~The~~We ~~impact~~believe ofthat inflation onhas ~~our costs and the ability to pass on cost increases to customers over time is dependent upon market conditions. We are~~ not ~~aware of any inflationary pressures that have~~ had ~~any~~a significant impact on our operations ~~over~~since ~~the past quarter, and the Company does not anticipate inflationary factors will have a significant impact on future operations~~inception.

~~Critical~~ITEM ~~Accounting~~3: ~~Policies~~QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

The Securities and Exchange Commission (“SEC”) has issued Financial Reporting Release No. 60, “Cautionary Advice Regarding Disclosure About Critical Accounting Policies” (“FRR 60”); suggesting companies provide additional disclosure and commentary on their most critical accounting policies. In FRR 60, the SEC has defined the most critical accounting policies as the ones that are most important to the portrayal of a company’s financial condition and operating results, and require management to make its most difficult and subjective judgments, often as a result of the need to make estimates of matters that are inherently uncertain. Based on this definition, the Company’s most critical accounting policies include: (a) use of estimates in the preparation of financial statements; (b) non-cash compensation arrangements; and (c) revenue recognition. The methods, estimates and judgments the Company uses in applying these most critical accounting policies have a significant impact on the results the Company reports in its financial statements.

(a) Use of Estimates in the Preparation of Financial Statements

The preparation of these financial statements requires the Company to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosure of contingent assets and liabilities. On an on-going basis, the Company evaluates these estimates, including those related to revenue recognition and concentration of credit risk. The Company bases its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions.

(b) Stock-Based Compensation Arrangements

The Company may issue shares of common stock to various individuals and entities for management, legal, consulting and marketing services. These issuances will be valued at the fair market value of the services provided and the number of shares issued is determined, based upon the open market closing price of common stock as of the date of each respective transaction. These transactions will be reflected as a component of selling, general and administrative expenses in the Company’s statement of operations.

Sales are recognized when the product or service is delivered to the customer.

Forward Looking Statements

Information in this Form 10-Q contains “forward looking statements” within the meaning of Rule 175 of the Securities Act of 1933, as amended, and Rule 3b-6 of the Securities Act of 1934, as amended. When used in this Form 10-Q, the words “expects,” “anticipates,” “believes,” “plans,” “will” and similar expressions are intended to identify forward-looking statements. These are statements that relate to future periods and include, but are not limited to, statements regarding our adequacy of cash, expectations regarding net losses and cash flow, our need for future financing, our dependence on personnel, and our operating expenses.

Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. These risks and uncertainties include, but are not limited to, those discussed above as well as risks set forth above under “Factors That May Affect Our Results.” These forward-looking statements speak only as of the date hereof. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in its expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.

ITEM 3 QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

As a “smaller reporting company” as defined by Item 10 of Regulation S-K, the Company is not required to provide information required under this Item.

ITEM 4T4: CONTROLS AND PROCEDURES

This report includes the certifications of our Chief Executive Officer and Chief Financial Officer required by Rule 13a-14 under the Securities Exchange Act of 1934 (the "Exchange Act"). See Exhibits 31.1 and 31.2. This Item 4 includes information concerning the controls and control evaluations referred to in those certifications.

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Evaluation of Disclosure Controls and Procedures

~~The~~Disclosure ~~Company maintains disclosure~~ controls and procedures (as defined in ~~Rule~~Rules 13a-15(e) and ~~Rule~~ 15d-15(e) under the ~~Securities~~ Exchange Act ~~of 1934, as amended~~) ~~that~~ are designed to ensure that information required to be disclosed in ~~our periodic~~ reports filed or submitted under the Exchange Act is recorded, processed, summarized, and reported within the time periods specified in ~~the~~ SEC’s rules and forms, and that such information is accumulated and communicated to ~~our~~ management, including ~~our~~the ~~principal~~Principal ~~executive~~Executive ~~officer~~Officer and the Principal Financial Officer, to allow timely decisions regarding required ~~disclosure~~disclosures.

~~Because~~In ofconnection with the ~~inherent~~preparation ~~limitations~~of inthis ~~all~~report, ~~control~~our ~~systems~~management, nounder ~~evaluation~~the supervision and with participation of ~~controls~~our ~~can~~Principal ~~provide~~Executive ~~absolute~~Officer ~~assurance~~and ~~that~~Principal ~~all~~Financial ~~control~~Officer ~~issues~~(the ~~and~~“Certifying ~~instances~~Officers”) conducted an evaluation of ~~fraud,~~the ifeffectiveness ~~any,~~of ~~will~~the bedesign orand ~~have~~operation ~~been~~of ~~detected.~~our ~~These~~disclosure ~~inherent~~controls ~~limitations~~and ~~include~~procedures ~~the~~as ~~realities~~of ~~that~~September ~~judgments~~30, in2017. ~~decision-making~~Based ~~can~~on bethat ~~faulty~~evaluation, ~~and~~our ~~that~~management ~~breakdowns~~concluded ~~can~~that ~~occur~~there ~~because~~is ofa ~~simple~~material ~~error~~weakness orin ~~mistake.~~our ~~Additionally,~~disclosure controls ~~can~~and beprocedures ~~circumvented~~over byfinancial ~~the~~reporting. ~~individual~~The ~~acts~~material ofweakness ~~some~~results ~~persons,~~from bya ~~collusion~~lack of ~~two~~written orprocedures ~~more~~which ~~people,~~effectively ~~and/or~~documents bythe ~~management~~proper ~~override~~procedures and descriptions of the ~~control.~~duties ~~The~~of ~~design~~all ofpersons ~~any~~involved ~~system~~in ofthe disclosure controls ~~also~~of isthe ~~based~~Company. inThe ~~part~~Company ~~upon~~hopes ~~certain~~to ~~assumptions~~implement ~~about~~plans to document the ~~likelihood~~procedures and internal controls of ~~future~~the ~~events,~~Company. ~~and~~A ~~there~~material ~~can~~weakness beis noa ~~assurance~~deficiency, ~~that~~or ~~any~~a ~~design~~combination ~~will~~of ~~succeed~~control deficiencies, in ~~achieving~~disclosure ~~its~~control ~~stated~~over ~~goals~~financial ~~under~~reporting ~~all~~such ~~potential~~that ~~future~~there ~~conditions;~~is ~~over~~a ~~time,~~reasonable ~~controls~~possibility ~~may~~that ~~become~~a ~~inadequate~~material ~~because~~misstatement of ~~changes~~the inCompany’s ~~conditions,~~annual ~~and/~~or ~~the~~interim ~~degree~~financial ofstatements ~~compliance~~will ~~with~~not ~~the~~be ~~policies~~prevented ~~and~~or ~~procedures~~detected ~~may~~on ~~deteriorate.~~a ~~Because~~timely ofbasis. ~~the~~This ~~inherent~~does ~~limitations~~not ininclude aan ~~cost-effective~~evaluation ~~internal~~by ~~control~~the ~~system,~~Company’s ~~misstatements~~registered ~~due~~public toaccounting ~~error~~firm orregarding ~~fraud~~the ~~may~~Company’s ~~occur~~internal ~~and~~control ~~not~~over befinancial ~~detected~~reporting.

~~Within~~Changes the 90 days prior to the end of the period covered by this report, the Company carried out an evaluation of the effectiveness of the design and operation of its disclosure controls and procedures pursuant to Rule 13a-15 under the Securities Exchange Act of 1934, as amended (“Exchange Act”). This evaluation was done under the supervision and with the participation of the Company’s president. Based upon that evaluation, he concluded that the Company’s disclosure controls and procedures are not effective in ~~gathering,~~Internal ~~analyzing~~Control ~~and~~over ~~disclosing~~Financial ~~information~~Reporting ~~needed to satisfy the Company’s disclosure obligations under the Exchange Act.~~

~~Changes~~There have been no changes in ~~Disclosure~~our ~~Controls~~internal ~~and~~control ~~Procedures~~over financial reporting identified in connection with the evaluation required by paragraph (d) of Exchange Act Rules 13a-15 or 15d-15 that occurred during the three months ended September 30, 2017 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

~~There~~Our ~~were~~management nobelieves ~~significant~~that ~~changes in~~ the ~~Company’s~~Unaudited ~~disclosure~~Financial ~~controls~~Statements ~~and~~included ~~procedures~~herein present, or in ~~factors~~all ~~that~~material ~~could~~respects, ~~significantly~~the ~~affect~~Company’s ~~those~~financial ~~controls~~condition, results of operations and ~~procedures,~~cash ~~since~~flows ~~their~~for ~~most~~the ~~recent~~periods ~~evaluation~~presented.

1411 Table of Contents

PART II – OTHER INFORMATION

ITEM 1: LEGAL PROCEEDINGS

On January 20, ~~2012~~2009, a complaint was filed against the Company in the Superior Court of California (case # CIVWS09-0049) terminating the lease at 500 Bollinger Canyon Way, San Roman, CA due to subleasing the premises without consent of the landlord. A judgment was entered giving the landlord possession of the premises with no monetary amount awarded.

On February 18, 2009, the Company received a letter demanding payment on the deficiencies of 2 notes totaling $125,000 issued by the Company. Subsequent to this an action was originated in the District Court of Jefferson County Texas (case # A-183,766). The Plaintiff contends the Company had not paid the principal or interest on promissory notes issued in 2004. In 2005 the Company issued stock of 3,400,000 and 2,500,000 shares to the plaintiff in full payment of the outstanding notes and interest to the plaintiff. The Company and principal shareholder has agreed to a judgment of $176,667 plus attorney’s fees of $25,000. AsOn ofOctober ~~this~~27, ~~date~~2013 the judgment ~~has~~for ~~not~~cause ~~been~~$183,766 ~~entered~~was orlodged ~~signed by the plaintiff~~ and ~~the~~entered ~~judge~~by ~~presiding in~~ the ~~case~~court somaking the ~~liability cannot yet be determined. Until entered the~~ judgment iseffective ~~not~~as inof ~~effect~~that ~~and could change~~date.

The Company and its principal stockholder has agreed to a judgment in Harris Court Texas District Court (Cause# ~~2012~~2010-36988) with the plaintiff of the case to pay the plaintiff $115,000 plus legal costs of $5,000. The settlement calls for a $50,000 payment on January 12, ~~2013~~2014 plus payments of $2,000 per month thereafter. No payments have been made to date. As of this date the judgment has not been signed by the plaintiff attorney or the judge presiding over the case so actual liability is hard to determine. ~~Until the order is entered the judgment is not in effect and could change.~~

As of September 30, ~~2013~~2017, the Company has accrued $321,667 for the legal liabilities.

ITEM 1A: RISK FACTORS

There have been no material changes to the Company’s risk factors as previously disclosed in our most recent 10-K filing for the year ending December 31, ~~2012~~2016.

ITEM 2: ~~UNREGISTERED~~ SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

~~No shares were issued during the period that had not been reported in the previous 10-Q.~~None

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ITEM 3: DEFAULTS UPON SENIOR SECURITIES

In January 2007, the Company issued an unsecured note for $60,000 bearing interest at 10% on the principal and accrued interest compounding monthly. The Company renewed the note payable agreement in March 2008 thereby issuing a note for $60,000 bearing interest at 11% on the principal and accrued interest compounding annually. As of September 30, ~~2013~~2017, the outstanding principle balance of the note was $60,000 and had accrued interest of $64132,~~370~~722. The note including principal and interest is in default and still outstanding.

ITEM 4: MINE SAFETY DISCLOSURE.

None

ITEM 5: OTHER INFORMATION.

None

ITEM 6: EXHIBITS.:

31	Rule 13a-14(a)/15d-14(a) - Certification of Joseph Cala.
32	Section 1350 - Certification of Joseph Cala.
101	XBRL Interactive Data Files

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SIGNATURE

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	Cala Corporation.
Dated: September 24, 2015	By:	/s/ Joseph Cala
Dated: November 20, 2017	By:	/s/ Joseph Cala
		Joseph Cala, President
		Joseph Cala
		Principal Executive Officer and Chief Financial Officer
		President Principal Executive Officer and Chief Financial Officer

1714

EXHIBIT INDEX

Number		Description
31		Rule 13a-14(a)/15d-14(a) - Certification of Joseph Cala (filed herewith).
32		Section 1350 -Certification of Joseph Cala (filed herewith).
101		XBRL Interactive Data Files

1815

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