UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(MARK ONE)

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

For the quarterly period ended ~~September~~March 3031, ~~2022~~2023

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

For the transition period from ____________ to ___________

Commission File No. 000-56212

EVIL EMPIRE DESIGNS, INC.

(Exact name of registrant as specified in its charter)

Nevada		45-5530035
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)
(State or other jurisdiction ofincorporation or organization)		(I.R.S. EmployerIdentification No.)

~~441~~5313 ~~Eastgate~~Corbett RdSt.

~~Henderson,~~Las Vegas, Nevada ~~89011~~ 89130

(Address of principal executive offices, zip code)

(725) 666-3700

(Registrant’s telephone number, including area code)

___________________________________________________________

(Former name, former address and former fiscal year, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered

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

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

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

Large accelerated filer ☐ Accelerated filer ☐ Non-accelerated ~~Filer~~filer ☒ Smaller reporting company ☒ Emerging growth company ☒

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

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

APPLICABLE ONLY TO CORPORATE ISSUERS

As of ~~November~~April 2811, ~~2022~~2023, there were 8,797,750 shares of common stock, $0.001 par value per share, outstanding.

EVIL EMPIRE DESIGNS, INC.

QUARTERLY REPORT ON FORM 10-Q

FOR THE PERIOD ENDED ~~SEPTEMBER~~MARCH 3031, ~~2022~~2023

INDEX

Index		Page
PART I. FINANCIAL INFORMATION
Item 1.	Financial Statements.	4	4
	Balance Sheets as of September 30, 2022 (unaudited) and December 31, 2021.		4
	Balance Sheets as of March 31, 2023 (unaudited) and December 31, 2022.		4
	Statements of Operations for the Three and Nine Months ended September 30, 2022 and 2021 (unaudited)		5
	Statements of Operations for the Three Months ended March 31, 2023 and 2022 (unaudited)		5
	Statements of Stockholders’ Deficit for Three and Nine Months ended September 30, 2022 and 2021 (unaudited).		6
	Statements of Stockholders’ Deficit for Three Months ended March 31, 2023 and at December 31, 2022 (unaudited).		6
	Statements of Cash Flows for the Nine Months ended September 30, 2022 and 2021 (unaudited).		7
	Statements of Cash Flows for the Three Months ended March 31, 2023 and 2022 (unaudited).		7
	Notes to Condensed Financial Statements (unaudited).		8
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations.		12
Item 3.	Quantitative and Qualitative Disclosures About Market Risk.		14
Item 4.	Controls and Procedures.		14
PART II. OTHER INFORMATION
Item 1.	Legal Proceedings.		15
Item 1A.	Risk Factors.		15
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds.		15
Item 3.	Defaults Upon Senior Securities.		15
Item 4.	Mine Safety Disclosures.		15
Item 5.	Other Information.		15
Item 6.	Exhibits.		16
Signatures			17

Table of Contents

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This Quarterly Report on Form 10-Q of Evil Empire Designs, Inc., a Nevada corporation (the “Company”), contains “forward-looking statements,” as defined in the United States Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terminology such as “may”, “will”, “should”, “could”, “expects”, “plans”, “intends”, “anticipates”, “believes”, “estimates”, “predicts”, “potential” or “continue” or the negative of such terms and other comparable terminology. These forward-looking statements include, without limitation, statements about our market opportunity, our strategies, competition, expected activities and expenditures as we pursue our business plan, and the adequacy of our available cash resources. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Actual results may differ materially from the predictions discussed in these forward-looking statements. The economic environment within which we operate could materially affect our actual results. Additional factors that could materially affect these forward-looking statements and/or predictions include, among other things: (i) the development and protection of our brands and other intellectual property, (ii) the need to raise capital to meet business requirements, (iii) significant fluctuations in marketing expenses, (iv) the ability to achieve and expand significant levels of revenues, or recognize net income, from the sale of our products, (v) the Company’s ability to conduct the business if there are changes in laws, regulations, or government policies related to the motorcycle or motorcycle parts industry, (vi) management’s ability to attract and maintain qualified personnel necessary for the development and commercialization of its planned products, (vii) the impact of the COVID-19 pandemic on our business, suppliers, consumers, customers, and employees or the overall economy, and (viii) other information that may be detailed from time to time in the Company’s filings with the United States Securities and Exchange Commission (“SEC”).

Our management has included projections and estimates in this Form 10-Q, which are based primarily on management’s experience in the industry, assessments of our results of operations, discussions and negotiations with third parties and a review of information filed by our competitors with the SEC or otherwise publicly available. We caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. We disclaim any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.

Table of Contents

PART I. FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS.

EVIL EMPIRE DESIGNS, INC

BALANCE SHEETS

(Unaudited)

	September 30, 2022			December 31, 2021
	March 31, 2023			December 31, 2022
	(Unaudited)
ASSETS
Current assets:
Cash and cash equivalents	$	72,~~956~~561		$	-227
Accounts receivable		86,~~765~~087			6,~~365~~087
Interest receivable		1117,~~268~~269			214,268
Inventory		1,736			1,736
Total current assets		25,917			20,582
Total current assets		29,725			10,369
Fixed assets
Fixed assets, net of depreciation of $38,967 and $ 35,246		9,245			12,967
Fixed assets, net of depreciation of $40,771 and $ 39,089		7,553			9,124
Other assets- Investment		~~188~~185,~~700~~200			~~182~~185,~~500~~200
Note receivable-TOL		100,000			100,000
Total assets	$	~~327~~318,~~670~~669		$	~~305~~314,~~836~~906
LIABILITIES AND STOCKHOLDERS’ DEFICIT
Current liabilities:
Bank overdraft	$	-		$	18
Accounts payable and accrued expenses	$	~~171~~200,~~867~~332		$	~~142~~186,~~546~~675
Convertible notes payable		~~375~~401,425			~~337~~375,~~125~~425
Notes payable		158,959			~~145~~158,~~030~~959
Total current liabilities		~~706~~760,~~251~~716			~~664~~721,~~719~~059
Stockholders’ deficit:
Preferred stock, $0.001 par value 25,000,000 authorized none are issued or outstanding
Common stock, $0.001 par value 100,000,000 authorized, 8,797,750, and 8,057,750 issued and outstanding, respectively:		8,798			8,058
Common stock, $0.001 par value 100,000,000 authorized, 8,797,750, and 8,797,750 issued and outstanding, respectively:		8,798			8,798
Additional paid-in capital		225,717			~~222~~225,~~757~~717
Accumulated deficit		(~~613~~676,~~096~~562	)		(~~589~~640,~~698~~668	)
Total stockholders’ deficit		(~~378~~442,~~581~~048	)		(~~358~~406,~~883~~153	)
Total liabilities and stockholders’ deficit	$	~~327~~318,~~670~~669		$	~~305~~314,~~836~~906

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

Table of Contents

EVIL EMPIRE DESIGNS, INC.

STATEMENTS OF OPERATIONS

As of ~~September 30~~March 31,

(Unaudited)

	Three Months						~~Nine Months~~
	2022			2021			2022			2021
	2023			2022
Revenue	$	221,~~246~~608		$	5010,~~895~~474		$	~~42,891~~		$	~~61,229~~
Cost of goods		~~3,683~~220			813,~~231~~980			~~21,738~~			~~11,516~~
Gross Margin		181,~~563~~388			42(3,~~634~~506	)		~~21,153~~			~~49,713~~
Operating expenses:
General and administrative expense		23,~~971~~221			84,~~010~~583			~~13,002~~			~~25,184~~
Depreciation and amortization		1,682			1,897			3,722			5,691
Professional Fees		23,000			0
Total operating expenses		4,653			9,907			16,724			30,875
Depreciation and amortization		805			1,897
Income (loss) from operations		13,910			32,757			4,429			18,838
Total operating expenses		27,026			6,480
Other income (expense):
Income (loss) from operations		(25,638	)		(9,986	)
Other income		3,000			2,267			9,085			2,967
Other income (expense):
Loss on asset
Other income		3,400			3,000
Interest expense		(12,304	)		(10,314	)		(36,912	)		(30,702	)
Loss on asset
Total other income (expense)		(9,304	)		(8,047	)		(27,827	)		(27,735	)
Interest expense		(13,657	)		(12,304	)
Net income (loss)	$	4,606		$	24,710		$	(23,398	)	$	(8,897	)
Total other income (expense)		(10,257	)		(9,304	)
Net income (loss) per share, basic and diluted	$	0.00		$	0.00		$	(0.00	)	$	(0.00	)
Net income (loss)	$	(35,895	)	$	(19,290	)
Weighted average number of shares outstanding, basic and diluted		8,391,596			8,057,750			8,298,485			8,057,750
Net income (loss) per share, basic and diluted	$	(0.00	)	$	(0.00	)
Weighted average number of shares outstanding, basic and diluted		8,797,625			8,057,750

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

Table of Contents

EVIL EMPIRE DESIGNS, INC

STATEMENTS OF STOCKHOLDERS’ DEFICIT

(Unaudited)

					Additional					Total
	Common Stock				Paid-In		Accumulated			Stockholders’
	Shares		Amount		Capital		Deficit			Deficit
Balance at December 31, 2020		8,057,500		8,058		222,757		(522,755	)		(291,940	)
Net loss		-		-		-		(32,777	)		(32,777	)
Balance at March 31, 2021		8,057,500		8,058		222,757		(555,532	)		(324,717	)
Net loss		-		-		-		(830	)		(830	)
Balance at June 30, 2021		8,057,500		8,058		222,775		(556,362	)		(325,547	)
Net income (loss)		-		-		-		24,710			24,710
Balance at September 30, 2021		8,057,500	$	8,058	$	222,757	$	(531,652	)	$	(300,837	)
Balance at December 31, 2021		8,057,500		8,058		222,757		(589,698	)		(358,883	)
Net income (loss)		-		-		-		(19,290	)		(19,290	)
Net loss		-		-		-		(19,290	)		(19,290	)
Balance at March 31, 2022		8,057,500		8,058		~~227~~222,757		(608,988	)		(378,173	)
Net income (loss)		-		-		-		(8,714	)		(8,714	)
Balance at December 31, 2022		8,797,500		8,797		225,717		(640,668	)		(406,153	)
Balance at June 30, 2022		8,057,500		8,058		227,757		(617,702	)		(386,887	)
Net loss		-		-		-		(35,895	)	(35,895		)
Common stock issued for convertible debt		740,000		740		2,960		-			3,700
Balance at March 31, 2023		8,797,500	$	8,797		225,717		(676,563	)		(442,048	)
Net income (loss)		-		-		-		4,606			4,606
Balance at September 30, 2022		8,797,750	$	8,798	$	225,717	$	(613,096	)	$	(378,581	)

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

Table of Contents

EVIL EMPIRE DESIGNS, INC

STATEMENTS OF CASH FLOWS

FOR ~~NINE~~THREE MONTHS ENDED ~~SEPTEMBER~~MARCH 3031,

(Unaudited)

	2022			2021
	Three Months
	2023			2022
Cash flows from operating activities:
Net (loss)	$	(2335,~~398~~895	)	$	(819,~~897~~290	)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization		~~3,722~~805			51,~~691~~897
Changes in operating assets and liabilities:
Accounts receivable		(2,400	)		(48,633	)
Other receivables		(3,000	)		-
Inventory					(47	)
Accounts payable and accrued expenses		14,425			12,205
Interest earned		(9,000	)		-
Net cash used in operating activities		(23,665	)		(5,188	)
Accounts payable and accrued expenses		29,321			20,401
Net cash used in operating activities		(1,755	)		(31,485	)
Cash Flows from in investing activity
Investment		(6,200	)		(127,500	)
Net cash used in investing activities		(6,200	)		(127,500	)
Cash flows from financing activities:
Proceeds from bank overdraft		(18	)		-
Bank overdraft		-			(18	)
Proceeds from notes payable		13,929			100,030
Proceeds from convertible notes		26,000			15,929
Proceeds from convertible notes		2,000			53,796
Net cash provided by financing activities		26,000			15,911
Net cash provided by financing activities		15,911			153,826
Net increase (decrease) in cash		2,335			10,723
Net increase (decrease) in cash		7,956			(5,129	)
Cash and cash equivalents – beginning of year		227			-
Cash and cash equivalents – beginning of year		-			5,265
Cash and cash equivalents – end of period	$	2,561		$	10,723
Cash and cash equivalents – end of period	$	7,956		$	106
SUPPLEMENT DISCLOSURES:
Interest paid		-			-
Income taxes paid

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

Table of Contents

EVIL EMPIRE DESIGNS, INC

NOTES TO FINANCIAL STATEMENTS

~~(Unaudited)~~AS OF MARCH 31, 2023

~~NOTE 1~~ ~~- NATURE OF BUSINESS~~ (Unaudited)

~~Evil~~NOTE ~~Empire~~1 - ~~Designs,~~NATURE ~~Inc.,~~OF ~~(formerly~~BUSINESS Jaycor Resources Inc.) (Jaycor) was organized on December 23, 2009 under the name US Terra Energy Corp in the State of Nevada. The Company was organized to explore investment opportunities in the energy business. In June 2016, the Company changed its business model to making and selling accessories to the motorcycle market.

~~The~~Evil ~~Company~~Empire ~~authorized~~Designs, ~~125~~Inc.,~~000,000~~ ~~shares~~(formerly ~~consisting~~Jaycor ofResources ~~100~~Inc.) (Jaycor) was organized on December 23,~~000,000~~ of2009 ~~common~~under ~~stock~~the ~~with~~name aUS ~~par~~Terra ~~value~~Energy Corp in the State of $0Nevada.~~001~~ ~~per~~The ~~share~~Company ~~and~~was 25organized to explore investment opportunities in the energy business. In June 2016,~~000,000~~ ~~shares~~the ofCompany ~~preferred~~changed ~~stock~~its ~~with~~business amodel ~~par~~to ~~value~~making ofand ~~$0.001~~selling ~~per~~accessories ~~share~~to the motorcycle market.

OnThe ~~April~~Company 24authorized 125,000,000 ~~2012~~shares consisting of 100,000,000 ~~the~~of ~~Company~~common ~~filed~~stock with a ~~Certificate~~par value of ~~Amendment~~$0.001 ~~amending~~per ~~the~~share ~~Articles~~and of25,000,000 ~~Incorporation~~shares ~~changing~~of ~~the~~preferred ~~name~~stock ofwith ~~the~~a ~~Corporation~~par tovalue ~~Jaycor~~of ~~Resources,~~$0.001 ~~Inc~~per share.

On ~~September~~April 1224, ~~2016~~2012, the Company filed a Certificate of Amendment amending the Articles of Incorporation changing the name of the Corporation to ~~Evil~~Jaycor ~~Empire Designs~~Resources, Inc.

~~NOTE~~On 2September -12, ~~SIGNIFICANT~~2016, ~~ACCOUNTING~~the ~~POLICIES~~Company filed a Certificate of Amendment amending the Articles of Incorporation changing the name of the Corporation to Evil Empire Designs, Inc.

~~Basis~~NOTE of2 ~~presentation~~- SIGNIFICANT ACCOUNTING POLICIES

~~These~~Basis ~~financial statements have been prepared in accordance with accounting principles generally accepted in the United States~~ of ~~America for financial information and reflect all adjustments which, in the opinion of management, are necessary for a fair~~ presentation.

~~The~~These ~~unaudited interim~~ financial statements ~~of the Company for the three and nine months ended September 30 , 2021 and 2020~~ have been prepared in accordance with accounting principles generally accepted in the United States ~~for interim financial information. In the opinion~~ of ~~management,~~America ~~the~~for ~~unaudited~~ financial ~~statements~~information ~~have been prepared on the same basis as the annual financial statements~~ and reflect all adjustments, which ~~include only normal recurring adjustments~~, ~~necessary~~in ~~to present fairly~~ the ~~financial~~opinion ~~position and the results~~ of ~~operations~~management, ~~for the interim periods presented herein. The results of operations for the interim periods~~ are ~~not~~necessary ~~necessarily indicative of the results to be expected~~ for ~~any~~a ~~subsequent~~fair ~~quarters or for an entire year~~presentation.

~~Use~~The unaudited interim financial statements of ~~Estimates~~the Company for the three ended March 31, 2023 and 2022 have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information. In the opinion of management, the unaudited financial statements have been prepared on the same basis as the annual financial statements and reflect all adjustments, which include only normal recurring adjustments, necessary to present fairly the financial position and the results of operations for the interim periods presented herein. The results of operations for the interim periods are not necessarily indicative of the results to be expected for any subsequent quarters or for an entire year.

~~The~~Use ~~preparation~~ of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the balance sheet. Actual results could differ from those estimates.Estimates

~~Cash~~The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and ~~Cash~~assumptions ~~Equivalents~~that affect the reported amounts of assets and liabilities at the date of the balance sheet. Actual results could differ from those estimates.

~~The~~Cash ~~Company~~and ~~considers~~Cash ~~all highly liquid investments purchased with an original maturity of six months or less to be cash equivalents. As of September 30, 2022 the Company did not have any cash equivalents.~~Equivalents

~~Accounts~~The ~~receivable~~Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents. As of March 31, 2023 the Company did not have any cash equivalents.

Accounts receivable are carried at face value less any provisions for uncollectible accounts considered necessary. Accounts receivable include receivables from customers that have received their product order. Bad debt expense is a recognition of uncollectable receivables based on past years’ experience and management’s estimate of likely losses for the year. No allowance for bad debt was considered necessary as of September 30, 2022 and 2021, respectively due to no receivables listed.

8Accounts ~~Table~~receivable are carried at face value less any provisions for uncollectible accounts considered necessary. Accounts receivable include receivables from customers that have received their product order. Bad debt expense is a recognition of ~~Contents~~uncollectable receivables based on past years’ experience and management’s estimate of likely losses for the year. No allowance for bad debt was considered necessary as of March 31, 2023 and 2022 respectively due to no receivables listed.

~~Inventory~~8 Table of Contents

~~Inventories are stated at the lower or cost of market using the first-in; first-out (FIFO) cost method of accounting. The inventory consists of raw materials used to make various products for sale.~~Inventory

~~Revenue~~Inventories ~~recognition~~are stated at the lower or cost of market using the first-in; first-out (FIFO) cost method of accounting. The inventory consists of raw materials used to make various products for sale.

Revenue is recognized when control of the promised goods or services is transferred to the Company’s customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services.recognition

~~Property~~Revenue ~~and~~is ~~Equipment~~recognized when control of the promised goods or services is transferred to the Company’s customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services.

Property and equipment is recorded at cost less accumulated depreciation. Depreciation is calculated using the straight-line method over the expected useful life of the asset (3 to 5 years), beginning when the asset is available and ready for use. Expenditures associated with upgrades and enhancements that improve, add functionality, or otherwise extend the life of property and equipment are capitalized, while expenditures that do not, such as repairs and maintenance, are expensed as incurred. For the three and nine months ended September 30, 202 and depreciation and amortization expense totaled $3,722 and $5,691. Equipment

~~Impairment~~Property ofand ~~long~~equipment is recorded at cost less accumulated depreciation. Depreciation is calculated using the straight-~~lived~~line ~~assets~~method over the expected useful life of the asset (3 to 5 years), beginning when the asset is available and ready for use. Expenditures associated with upgrades and enhancements that improve, add functionality, or otherwise extend the life of property and equipment are capitalized, while expenditures that do not, such as repairs and maintenance, are expensed as incurred. For the three months ended March 31, 2023 and depreciation and amortization expense totaled $805 and $1,897.

~~The~~Impairment ~~Company reviews the carrying value~~ of ~~its~~ long-lived assets annually or whenever events or changes in circumstances indicate that the historical cost carrying value of an asset may no longer be appropriate. The Company assesses recoverability of the asset by comparing the undiscounted future net cash flows expected to result from the asset to its carrying value. If the carrying value exceeds the undiscounted future net cash flows of the asset, an impairment loss is measured and recognized. An impairment loss is measured as the difference between the net book value and the fair value of the long-lived asset. Fair value is estimated based upon either discounted cash flow analysis or estimated salvage value. As of September 30, 2021 no impairment losses have been recognized.

~~Income~~The ~~Taxes~~Company reviews the carrying value of its long-lived assets annually or whenever events or changes in circumstances indicate that the historical-cost carrying value of an asset may no longer be appropriate. The Company assesses recoverability of the asset by comparing the undiscounted future net cash flows expected to result from the asset to its carrying value. If the carrying value exceeds the undiscounted future net cash flows of the asset, an impairment loss is measured and recognized. An impairment loss is measured as the difference between the net book value and the fair value of the long-lived asset. Fair value is estimated based upon either discounted cash flow analysis or estimated salvage value. As of June 30, 2021 no impairment losses have been recognized.

~~Deferred~~Income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities using the enacted tax rates and laws that will be in effect when the differences are expected to reverse. A valuation allowance is established when necessary to reduce deferred tax assets to the amounts expected to be realized.Taxes

~~The~~Deferred ~~Company~~tax ~~accounts~~assets ~~for~~and ~~income~~liabilities ~~taxes~~are ~~under~~determined ~~the~~based ~~provisions~~on ofthe ~~Financial~~differences ~~Accounting~~between ~~Standards~~the ~~Board)~~financial ~~Accounting~~reporting ~~Standards~~and ~~Codification~~tax ~~740,~~bases ~~Accounting~~of ~~for~~assets ~~Income Taxes. It prescribes a recognition threshold~~ and ~~measurement~~liabilities ~~attributes~~using ~~for~~ the ~~financial~~enacted ~~statement~~tax ~~recognition~~rates and ~~measurement~~laws ofthat awill ~~tax position taken or expected to~~ be ~~taken~~ in aeffect ~~tax~~when ~~return. As a result,~~ the ~~Company~~differences ~~has~~are ~~applied~~expected ato ~~more-likely-than-not~~reverse. ~~recognition~~A ~~threshold~~valuation ~~for~~allowance ~~all~~is ~~tax~~established ~~uncertainties.~~when ~~The~~necessary ~~guidance~~to ~~only~~reduce ~~allows~~deferred ~~the recognition of those~~ tax ~~benefits~~assets ~~that~~to ~~have~~the aamounts ~~greater~~expected ~~than~~to ~~50%~~be ~~likelihood of being sustained upon examination by the various taxing authorities~~realized.

The Company ~~classifies~~accounts ~~penalties~~for income taxes under the provisions of Financial Accounting Standards Board) Accounting Standards Codification 740, Accounting for Income Taxes. It prescribes a recognition threshold and ~~interest~~measurement ~~related~~attributes for the financial statement recognition and measurement of a tax position taken or expected to ~~unrecognized~~be taken in a tax ~~benefits~~return. asAs ~~income~~a result, the Company has applied a more-likely-than-not recognition threshold for all tax ~~expense~~uncertainties. inThe guidance only allows the ~~Statements~~recognition of ~~Operations~~those tax benefits that have a greater than 50% likelihood of being sustained upon examination by the various taxing authorities.

~~Basic~~The Company classifies penalties and ~~diluted~~interest ~~net~~related ~~loss~~to ~~per~~unrecognized ~~share~~tax benefits as income tax expense in the Statements of Operations.

Basic and diluted net loss per share calculations are calculated on the basis of the weighted average number of common shares outstanding during the year. Diluted loss per share calculations includes the dilutive effect of common stock. Basic and diluted net loss per share is the same due to the absence of common stock equivalents.

~~Fair~~Basic ~~Value~~and diluted net loss per share calculations are calculated on the basis of ~~Financial~~the ~~Instruments~~weighted average number of common shares outstanding during the year. Diluted loss per share calculations includes the dilutive effect of common stock. Basic and diluted net loss per share is the same due to the absence of common stock equivalents.

~~The~~Fair ~~Company’s~~Value ~~financial instruments consist~~ of ~~cash~~Financial and cash equivalents, accounts payable and accrued expenses and shareholder loans. The carrying amount of these financial instruments approximates fair value due either to length of maturity or interest rates that approximate prevailing market rates unless otherwise disclosed in these financial statements.Instruments

9The ~~Table~~Company’s financial instruments consist of ~~Contents~~cash and cash equivalents, accounts payable and accrued expenses and shareholder loans. The carrying amount of these financial instruments approximates fair value due either to length of maturity or interest rates that approximate prevailing market rates unless otherwise disclosed in these financial statements.

~~Financial~~9 ~~assets~~Table ~~and~~of liabilities recorded at fair value in our condensed consolidated balance sheets are categorized based upon a fair value hierarchy established by GAAP, which prioritizes the inputs used to measure fair value into the following levels:Contents

~~Level 1~~Financial —assets ~~Quoted~~and ~~market~~liabilities ~~prices~~recorded at fair value in ~~active~~our ~~markets~~condensed ~~for~~consolidated ~~identical~~balance ~~assets~~sheets orare ~~liabilities~~categorized atbased upon a fair value hierarchy established by GAAP, which prioritizes the ~~measurement~~inputs ~~date.~~used to measure fair value into the following levels:

Level 2 1 — Quoted market prices ~~for similar assets or liabilities~~ in active markets; ~~quoted prices~~ for identical ~~or similar~~ assets ~~and~~or liabilities inat ~~markets~~the ~~that~~measurement ~~are not active; or other inputs that are observable and can be corroborated by observable market data~~date.

Level 3 2 — ~~Inputs~~Quoted ~~reflecting~~prices ~~management’s~~for ~~best~~similar ~~estimates~~assets ~~and~~or ~~assumptions~~liabilities ofin ~~what~~active ~~market~~markets; ~~participants~~quoted ~~would~~prices ~~use~~for inidentical ~~pricing~~or similar assets orand liabilities atin ~~the~~markets ~~measurement~~that ~~date.~~are ~~The~~not ~~inputs~~active; ~~are~~or ~~unobservable~~other ininputs ~~the~~that ~~market~~are observable and ~~significant~~can tobe ~~the~~corroborated ~~valuation~~by ofobservable ~~the~~market ~~instruments~~data.

ALevel ~~financial~~3 ~~instrument'~~— Inputs reflecting management’s ~~categorization~~best ~~within~~estimates ~~the~~and ~~valuation~~assumptions ~~hierarchy~~of iswhat ~~based~~market ~~upon~~participants would use in pricing assets or liabilities at the ~~lowest~~measurement ~~level~~date. ofThe ~~input~~inputs ~~that~~are isunobservable in the market and significant to the ~~fair~~valuation ~~value~~of ~~measurement~~the instruments.

~~Related~~A ~~Parties~~financial instrument’s categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement.

~~A party is considered to be related to the Company if the party directly or indirectly or through one or more intermediaries, controls, is controlled by, or is under common control with the Company.~~ Related parties also include principal owners of the Company, its management, members of the immediate families of principal owners of the Company and its management and other parties with which the Company may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests. A party which can significantly influence the management or operating policies of the transacting parties or if it has an ownership interest in one of the transacting parties and can significantly influence the other to an extent that one or more of the transacting parties might be prevented from fully pursuing its own separate interests is also a related party.Parties

~~Recent~~A ~~Accounting~~party ~~Pronouncements~~is considered to be related to the Company if the party directly or indirectly or through one or more intermediaries, controls, is controlled by, or is under common control with the Company. Related parties also include principal owners of the Company, its management, members of the immediate families of principal owners of the Company and its management and other parties with which the Company may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests. A party which can significantly influence the management or operating policies of the transacting parties or if it has an ownership interest in one of the transacting parties and can significantly influence the other to an extent that one or more of the transacting parties might be prevented from fully pursuing its own separate interests is also a related party.

~~Because~~Recent ~~the~~Accounting Company has been recently reorganized and has not yet transacted any business, the new accounting standards have no significant impact on the financial statements and related disclosures. As new accounting pronouncements are issued, the Company will adopt those that are applicable under the circumstances.Pronouncements

~~NOTE~~Because 3the -Company ~~GOING~~has ~~CONCERN~~been recently reorganized and has not yet transacted any business, the new accounting standards have no significant impact on the financial statements and related disclosures. As new accounting pronouncements are issued, the Company will adopt those that are applicable under the circumstances.

~~The~~NOTE ~~Company’s~~3 ~~financial~~- ~~statements~~GOING are prepared using accounting principles generally accepted in the United States of America applicable to a going concern that contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company, as shown in the accompanying balance sheets, has an accumulated deficit of $613,096 as of September 30, 2022 and $589,698 as of December 31, 2021. The Company is establishing nominal source of revenue to cover its operating costs. These factors raise substantial doubt as to the Company’s ability to continue as a going concern for a period of one year from the issuance of these financial statements. The Company will engage in very limited activities 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.CONCERN

10The ~~Table~~Company’s financial statements are prepared using accounting principles generally accepted in the United States of ~~Contents~~America applicable to a going concern that contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company, as shown in the accompanying balance sheets, has an accumulated deficit of $676,562 as of March 31, 2023 and $640,668 as of December 31, 2022. The Company is establishing nominal source of revenue to cover its operating costs. These factors raise substantial doubt as to the Company’s ability to continue as a going concern for a period of one year from the issuance of these financial statements. The Company will engage in very limited activities 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.

~~NOTE~~10 ~~4 -~~Table ~~PROPERTY~~of ~~AND EQUIPMENT~~Contents

~~Fixed~~NOTE ~~assets~~4 - ~~including~~PROPERTY ~~molds,~~AND printing equipment and a motorcycle for use in making products it sells. The value of the assets when acquired were $48,212. The assets are being depreciated over a 3 year life. Property and equipment consisted of the following at September 30, 2022 and December 31, 2021:EQUIPMENT

	September 30, 2022		December 31,2021
Property and equipment	$	48,212	$	48,212
Less: accumulation depreciation		38,967		35,245
Net property and equipment		9,245		12,967

Fixed assets including molds, printing equipment and a motorcycle for use in making products it sells. The value of the assets when acquired were $48,212. The assets are being depreciated over a 5 year life. Property and equipment consisted of the following at March 31, 2023 and December 31, 2022:

Depreciation expense totaled $1,682 and $3,722 for the three and nine months periods ended September 30, 2022 and $1,897 and $3,722 for the same periods in 2021.

	March 31, 2023			December 31, 2022

Property and equipment	$	48,213		$	48,213
Less: accumulation depreciation		(40,659	)		(39,089	)
Net property and equipment		7,553			9,124

~~NOTE~~Depreciation ~~5 -~~expense ~~RELATED~~totaled ~~PARTY~~$805 ~~TRANSACTIONS~~and $1,897 for the three months periods ended March 31, 2023 and 2022, respectively

~~During~~NOTE ~~the~~5 - ~~nine~~RELATED ~~months period~~PARTY ~~ended September 30, 2022 and 2021 the Company paid compensation to a related party of $2,550 and $16,860, respectively.~~ TRANSACTIONS

~~NOTE~~During 6the -three ~~EQUITY~~months ended March 31, 2023 and 2022 the Company paid compensation to a related party of $3,000 and $6,750 respectively.

~~During~~NOTE ~~the~~6 ~~nine~~- ~~months~~CONVERTIBLE ~~ended~~NOTES ~~September 30, 2022 the Company issued 740,000 shares of common stock with a value of $3,700 for the conversion of convertible notes.~~

~~NOTE~~During 7the three months ended March 31, 2022, the Company issued one-year ~~NOTES~~convertible notes to 0985358 BC Ltd for $22,000. The notes bear interest of 13% per annum and are convertible into common stock at $0.005 per share.

During the ~~nine~~three months ~~period~~ ended ~~September~~March 3031, ~~2021~~2023, the Company issued a$26,000 ~~one-year~~of ~~Convertible~~convertible notes consisting of one note toof $22,000 from 0985358 BC, Ltd ~~for~~and $ 494,~~840~~000 from Black Ridge Holdings. The note ~~bears~~bear an interest of 1013% ~~per annum~~ and isare convertible ~~into~~to common stock at $0.005 per share.

~~During~~As ~~the~~of ~~nine~~March ~~months ended September 30~~31, ~~2022~~2023 the Company ~~issued~~had ~~740~~$401,~~000~~425 ~~shares~~ of ~~common~~convertible ~~stock~~debt ~~with~~plus aaccrued ~~value~~interest of $3185,~~700~~215 for ~~the~~total ~~conversion~~ of ~~convertible notes~~$586,640.

~~During~~The Company determined the ~~nine~~convertible ~~months~~note ~~period~~does ~~ended~~not ~~September~~meet ~~30,~~the ~~2022~~requirements for derivative liability accounting as described in ASC 815. As the shares of the Company ~~issue~~do ~~$13~~not have a value other than par,~~929~~ inare ~~notes~~not ~~payable~~readily convertible to cash at the date of issuance and $2are not registered to be traded. Additionally,~~000~~ there is no beneficial conversion feature described in ~~convertible~~ASC ~~notes~~470 on the date of issuance.

AsNOTE of7 ~~September~~– ~~30, 2022 the Company had $375,425 of convertible notes and $158,959 of notes payable plus accrued interest of $170,068 for total of $704,452.~~INVESTMENTS

~~The~~On December 12, 2019, the Company ~~determined~~signed a memorandum of understanding with Top of the ~~convertible~~Line ~~note~~Design, ~~does~~LLC ~~not~~whereas ~~meet~~the Company will purchase 100 % of Top of the ~~requirements~~Line for ~~derivative~~$250,000 ~~liability~~and ~~accounting~~advance Top of the Line $350,000 in working capital as ~~described~~further expanded in ~~ASC~~a ~~815~~definitive agreement. AsThe Company made a good faith deposit to Top of the ~~shares~~Line (TOL) of $40,000 at the signing ~~Company~~of dothe agreement ~~not~~and ~~have~~an aadditional ~~value~~$142,500 ~~other~~as ~~than~~of ~~par~~March 31, ~~are~~2022 ~~not~~for ~~readily~~a ~~convertible~~total toof ~~cash~~$182,500. The atagreement ~~the~~is ~~date~~effective offor ~~issuance~~90 days and ~~are~~if ~~not~~terminate ~~registered~~by both parties the deposits were to be ~~traded~~terminated. As ~~Additionally,~~of ~~there~~March is31, no2022 ~~beneficial~~the ~~conversion~~agreement ~~feature~~was ~~described~~still in ~~ASC~~effect. ~~470~~The Company loaned TOL an additional $100,000 on ~~the~~demand ~~date~~with an interest rate of ~~issuance~~12% per annum.

NOTE 8 - ~~INVESTMENTS~~SUBSEQUENT EVENTS

On December 12, 2019, the Company signed a memorandum of understanding with Top of the Line Design, LLC whereas the Company will purchase 100 % of Top of the Line for $250,000 and advance Top of the Line $350,000 in working capital as further expanded in a definitive agreement. The Company ~~made~~has aevaluated ~~good~~subsequent ~~faith~~events ~~deposit~~ to ~~Top~~determine ofevents ~~the~~occurring ~~Line~~after ~~(TOL)~~March ~~of $40~~31,~~000~~ at2023 ~~the signing~~through of the ~~agreement~~ ~~and~~filing ~~an additional $148,700 as~~ of ~~September~~this ~~30,~~report that ~~2021~~would ~~for~~have a ~~total~~material ofimpact ~~$188,700. The~~on ~~agreement is effective for 90 days and if terminate by both parties~~ the ~~deposits were to be terminated. As of September 30, 2022 the agreement was still in effect. On July 23, 2021, the~~ Company’s ~~loaned~~financial ~~TOL~~results anor ~~additional~~require ~~$100,000~~disclosure ~~on demand with an interest rate of 12% per annum through July 23, 2022,~~ and ~~13%~~have ~~per~~determined ~~annum~~none ~~subsequently~~exist.

~~NOTE~~11 9Table -of ~~SUBSEQUENT EVENTS~~ Contents

~~The~~ITEM ~~Company~~2. ~~has evaluated subsequent events to determine events occurring after September 30, 2022 through the date of this filing that would have a material impact on the Company~~MANAGEMENT’sS ~~financial~~DISCUSSION ~~results~~AND orANALYSIS ~~require~~OF ~~disclosure~~FINANCIAL ~~and~~CONDITION ~~have~~AND ~~determined~~RESULTS ~~none~~OF ~~exist other than those noted above in this footnote~~OPERATIONS.

11The ~~Table~~following information should be read in conjunction with (i) the financial statements of ~~Contents~~Evil Empire Designs, Inc., a Nevada corporation (the “Company”), and the notes thereto appearing elsewhere in this Form 10-Q together with (ii) the more detailed business information and the December 31, 2022 audited financial statements and related notes included in the Company’s Form 10-K (File No. 000-56212; the “Form 10-K”), as filed with the Securities and Exchange Commission on April 17, 2023. Statements in this section and elsewhere in this Form 10-Q that are not statements of historical or current fact constitute “forward-looking” statements.

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

The ~~following~~Company ~~information~~was ~~should~~incorporated ~~be read~~ in ~~conjunction with (i)~~ the ~~financial~~State ~~statements~~ of ~~Evil Empire Designs, Inc., a~~ Nevada ~~corporation~~on ~~(the “Company”), and the notes thereto appearing elsewhere in this Form 10-Q together with (ii) the more detailed business information and the~~ December 3123, ~~2021 audited financial statements and related notes included in the Company’s Form 10-K (File No. 000-56212; the “Form 10-K”)~~2009, ~~as filed with the Securities~~ and ~~Exchange~~has ~~Commission~~established ona ~~April~~fiscal ~~27,~~year ~~2022. Statements~~end ~~in this section and elsewhere in this Form 10-Q that are not statements~~ of ~~historical~~December ~~or current fact constitute “forward-looking” statements~~31.

~~OVERVIEW~~The Company’s authorized capital stock amounts to 125,000,000 shares, consisting of 100,000,000 of common stock with a par value of $0.001 per share, and 25,000,000 shares of preferred stock with a par value of $0.001 per share.

~~The~~Going ~~Company was incorporated in the State of Nevada on December 23, 2009, and has established a fiscal year end of December 31.~~Concern

~~The~~To date the Company’s ~~authorized~~has ~~capital~~had ~~stock~~operations ~~amounts~~and torevenues ~~125~~of a developing business,~~000,000~~ ~~shares~~and consequently has incurred recurring losses from operations. No substantial revenues are anticipated until we complete the financing we endeavor to obtain, ~~consisting~~as ofdescribed ~~100~~in the Form 10-K,~~000,000~~ and implement our initial business plan. The ability of ~~common~~the ~~stock~~Company ~~with~~to continue as a ~~par~~going ~~value~~concern ofis ~~$0.001~~dependent ~~per~~on ~~share,~~raising capital to fund our business plan and 25ultimately to attain profitable operations. Accordingly,~~000,000~~ ~~shares~~these offactors ~~preferred~~raise ~~stock~~substantial ~~with~~doubt aas ~~par~~to ~~value~~the ofCompany’s ~~$0.001~~ability ~~per~~to ~~share~~continue as a going concern.

~~Going~~Our ~~Concern~~activities have been financed from related-party loans and the proceeds of share subscriptions.

ToThe ~~date the~~ Company ~~has~~plans ~~had~~to ~~operations~~raise ~~and~~additional ~~revenues~~funds ofthrough adebt ~~developing~~or ~~business,~~equity ~~and consequently has incurred recurring losses from operations~~offerings. NoThere ~~substantial~~is ~~revenues~~no ~~are~~guarantee ~~anticipated~~that ~~until we complete~~ the ~~financing we endeavor to obtain, as described in the Form 10-K, and implement our initial business plan. The ability of the~~ Company towill ~~continue~~be asable ~~a going concern is dependent on raising capital~~ to ~~fund our business plan and ultimately to attain profitable operations. Accordingly, these factors~~ raise ~~substantial~~any ~~doubt~~capital asthrough tothis ~~the~~or ~~Company’s~~any ~~ability~~other ~~to continue as a going concern~~offerings.

~~Our~~PLAN ~~activities~~OF ~~have been financed from related-party loans and the proceeds of share subscriptions.~~OPERATION

~~The~~We ~~Company~~are ~~plans~~an operating motorcycle parts design, manufacturing, marketing and sales business and have generated revenues of $1,608 for the three months ended March 31, 2023. During the 12 months following the date of filing of this Quarterly Report on Form 10-Q, we will be focused on attempting to raise ~~additional~~$750,000 of funds ~~through~~to ~~debt~~expand orour ~~equity~~business. ~~offerings~~We have no assurance that future financing will materialize. ~~There~~If that financing is nonot ~~guarantee~~available, we may be unable to continue. Management believes that if we are successful in raising $750,000, we will be able to generate sales revenue within the ~~Company~~following twelve months thereof. However, if such public financing is not available, we could fail to satisfy our future cash requirements. We have no assurance that future financing will materialize. If that financing is not available we may be unable to continue. Management believes that if subsequent private placements are successful, we will be able to ~~raise~~generate ~~any~~sales ~~capital~~revenue ~~through~~within ~~this~~the following twelve months thereof. However, additional equity financing may not be available to us on acceptable terms or ~~any~~at ~~other~~all, ~~offerings~~and thus we could fail to satisfy our future cash requirements.

~~PLAN~~12 OFTable ~~OPERATION~~of Contents

WeIf we are anunsuccessful ~~operating~~in ~~motorcycle~~raising ~~parts~~the ~~design,~~additional ~~manufacturing,~~proceeds ~~marketing~~through ~~and~~a ~~sales~~private ~~business~~placement ~~and~~offering ~~have~~we ~~generated~~will ~~revenues~~then ofhave ~~$22,246~~to ~~and~~seek ~~$42,891,~~additional ~~from~~funds ~~our~~through ~~business~~debt ~~for~~financing, ~~the~~which ~~three~~would ~~and~~be ~~nine~~highly ~~months,~~difficult ~~respectively,~~for ~~ended~~an ~~September~~early-stage ~~30,~~company ~~2022~~to secure. ~~During~~Therefore, the 12Company ~~months~~is ~~following~~highly ~~the~~dependent ~~date~~upon ofthe ~~filing~~success of ~~this~~the ~~Quarterly~~anticipated ~~Report~~private onplacement ~~Form~~offering ~~10-Q,~~and wefailure ~~will~~thereof bewould ~~focused~~result onin ~~attempting~~the toCompany ~~raise~~having ~~$750,000 of funds~~ to ~~expand~~seek ~~our~~capital ~~business.~~from Weother ~~have~~sources nosuch ~~assurance~~as ~~that~~debt ~~future~~ financing, ~~will~~which ~~materialize.~~may Ifnot ~~that~~even ~~financing~~be ~~is not~~ available, weto ~~may~~the beCompany. ~~unable~~However, toif ~~continue.~~such ~~Management~~financing ~~believes~~were ~~that~~available, ifbecause we are ~~successful~~an inearly ~~raising~~stage ~~$750~~company,~~000,~~ weit ~~will~~would belikely ~~able~~have to ~~generate~~pay ~~sales~~additional ~~revenue~~costs ~~within~~associated ~~the~~with ~~following~~high ~~twelve~~risk ~~months~~loans ~~thereof.~~and ~~However,~~be ifsubject ~~such~~to ~~public~~an ~~financing~~above ismarket ~~not~~interest ~~available,~~rate. weAt ~~could~~such ~~fail~~time tothese ~~satisfy~~funds ~~our~~are ~~future~~required, ~~cash~~management ~~requirements.~~would Weevaluate ~~have~~the noterms ~~assurance~~of ~~that~~such ~~future~~debt financing ~~will~~and ~~materialize.~~determine Ifwhether ~~that~~the ~~financing~~business iscould ~~not~~sustain ~~available~~operations weand ~~may~~growth beand ~~unable~~manage tothe ~~continue~~debt load. ~~Management~~If ~~believes that if subsequent private placements are successful,~~ we ~~will~~cannot beraise ~~able~~additional toproceeds ~~generate~~via ~~sales~~a ~~revenue~~private ~~within~~placement ~~the~~of ~~following~~its ~~twelve~~common ~~months~~stock ~~thereof.~~or ~~However,~~secure ~~additional~~debt ~~equity~~ financing ~~may~~it ~~not~~would be ~~available~~required to uscease onbusiness ~~acceptable~~operations. ~~terms~~As ora ~~at all~~result, ~~and~~investors ~~thus~~in weour ~~could~~common ~~fail~~stock towould ~~satisfy~~lose ~~our~~all ~~future~~of ~~cash~~their ~~requirements~~investment.

12With ~~Table~~new investors joining, the Company will increase its current efforts on marketing and selling its already created variety of ~~Contents~~products.

IfRESULTS weOF are unsuccessful in raising the additional proceeds through a private placement offering we will then have to seek additional funds through debt financing, which would be highly difficult for an early-stage company to secure. Therefore, the Company is highly dependent upon the success of the anticipated private placement offering and failure thereof would result in the Company having to seek capital from other sources such as debt financing, which may not even be available to the Company. However, if such financing were available, because we are an early stage company, it would likely have to pay additional costs associated with high risk loans and be subject to an above market interest rate. At such time these funds are required, management would evaluate the terms of such debt financing and determine whether the business could sustain operations and growth and manage the debt load. If we cannot raise additional proceeds via a private placement of its common stock or secure debt financing it would be required to cease business operations. As a result, investors in our common stock would lose all of their investment.OPERATIONS

~~With~~Comparison ~~new~~of ~~investors joining,~~ the ~~Company~~three ~~will~~months ~~increase~~ended ~~its~~March ~~current~~31, ~~efforts~~2023 ~~on marketing~~ and ~~selling its already created variety of products.~~2022

~~RESULTS~~The OFCompany ~~OPERATIONS~~recorded revenue of $1,608 and $10,474 during the three months ended March 31, 2023 and 2022, respectively.

~~Comparison~~Operating expenses offor the three-month periods ended March 31, 2023 and ~~nine~~2022, were $27,026 and $6,480, respectively, consisting of a general and administrative expense of $3,221, professional fees of $23,000 and depreciation and amortization of $805 for the three months ended ~~September~~March 3031, ~~2022~~2023, and ~~2021~~consisting of a general and administrative expense of $4,583 and depreciation and amortization of $1,897 for the three months ended March 31, 2022

~~The~~For ~~Company recorded revenue of $22,246 and $50,895 during~~ the three-month ~~months~~periods ended ~~September~~March 3031, ~~2022~~2023 and ~~2021~~2022, ~~respectively.~~we ~~The~~had ~~Company~~net ~~recorded~~losses ~~revenue~~ of $4235,~~891~~895 and $6119,~~229 during the nine months ended September 30, 2022 and 2021, respectively~~290.

~~Operating expenses~~Liquidity ~~for the three-month periods ended September 30, 2022~~ and ~~2021,~~Capital were $4,653 and $9,907, respectively, consisting of a general and administrative expense of $2,971 and depreciation and amortization of $1,682 for the three months ended September 30, 2022, and consisting of a general and administrative expense of $8,010 and depreciation and amortization of $1,897 for the three months ended September 30, 2022Resources

~~Operating expenses~~There ~~for~~are ~~the~~no ~~nine-month~~agreements ~~periods~~or ~~ended~~understandings ~~September~~about ~~30,~~future ~~2022~~loans ~~and~~by ~~2021,~~or ~~were~~with ~~$13~~the officers,~~002~~ ~~and~~directors, ~~$25~~principals,~~184,~~ ~~respectively~~affiliates, ~~consisting~~or ofshareholders ~~a general and administrative expense~~ of ~~$13,002~~the ~~and~~Company. ~~depreciation~~The ~~and~~Company ~~amortization~~will ofcontinue ~~$3,722~~to ~~for~~raise ~~the~~outside ~~nine~~capital ~~months~~through ~~ended September 30~~loans, ~~2022,~~equity ~~and~~sales ~~consisting of a general~~ and ~~administrative~~possible ~~expense~~licensing ofagreements. ~~$25,184~~These ~~and~~factors ~~depreciation~~raise ~~and~~substantial ~~amortization~~doubt ofabout ~~$5,691~~the ~~for~~company’s ~~the~~ability ~~nine~~to ~~months~~continue ~~ended~~as ~~September~~a ~~30,~~going ~~2021.~~concern

~~For~~At ~~the~~March ~~three-month periods ended September 30~~31, ~~2022 and 2021~~2023, wethe Company had ~~net~~negative ~~income~~working capital of $4734,~~606~~800, and total current assets were $2425,~~710~~917. ~~For~~Current ~~the~~liabilities ~~nine-month~~as ~~periods~~of ~~ended~~March ~~September~~31, 302023, ~~2022~~were ~~and 2021~~$760,716, weconsisting ~~had~~of ~~net~~convertible ~~losses~~debt of $~~(23~~401,~~398)~~425, ~~and~~outstanding notes of $(8158,~~897)~~959, ~~respectively~~and accounts payable and accrued liabilities $200,332.

~~Liquidity~~Net cash used in operating activities in the three-month periods ended March 31, 2023 and ~~Capital~~2022 ~~Resources~~was $23,665 and $5,188, respectively. The variance between the same periods relates mainly to the increase in net loss and increase in other receivables.

~~There~~Net ~~are~~cash noprovided ~~agreements~~by orfinancing ~~understandings~~activities ~~about~~for ~~future~~the ~~loans~~three-month byperiods orended ~~with~~March ~~the officers~~31, ~~directors,~~2023 ~~principals,~~was ~~affiliates~~$26,000, orcompared ~~shareholders~~to of$15,911 in the ~~Company.~~same ~~The~~period ~~Company~~in ~~will~~2022. Cash ~~continue~~provided towas ~~raise~~a ~~outside~~result ~~capital~~of ~~through~~proceeds ~~loans,~~from ~~equity~~the ~~sales~~offer and ~~possible~~sale ~~licensing~~of ~~agreements.~~convertible ~~These~~notes ~~factors~~in ~~raise~~the ~~substantial~~principal ~~doubt~~amounts ~~about~~of $26,000 for the ~~company’s~~period ~~ability~~ended toMarch ~~continue~~31, as2023 aand ~~going~~$15,929 offset ~~concern~~by bank overdraft of $18 for the period ended March 31, 2022.

AtAs ~~September~~of 30March 31, ~~2022~~2023, the Company had ~~negative~~total ~~working~~assets ~~capital~~ of ~~378~~$25,~~581,~~917 and total ~~current~~liabilities ~~assets~~of ~~were~~ $~~327~~760,~~670~~716. ~~Current~~Our ~~liabilities~~accumulated deficit as of ~~September~~March 3031, ~~2022,~~2023 ~~were~~was $~~706~~676,~~251, consisting of convertible debt of $375,425, outstanding notes of $158,959, and accounts payable and accrued liabilities $171,867~~562.

Net cash used in operating activities in the nine-month periods ended September 30, 2022 and 2021 was $1,755 and $31,485, respectively. The variance between the same periods relates mainly to a lower loss in 2022 over 2021.Inflation

~~Net~~We ~~cash~~believe ~~used~~that ininflation ~~investing~~has ~~activities~~not ~~was~~had ~~$6,200~~a ~~and~~significant ~~$127,500~~impact ~~for~~on ~~the~~our ~~nine-month~~operations ~~periods~~since ~~ended September 30, 2022 and 2021~~inception.

~~Net cash provided by financing activities for the nine~~Off-~~month~~Balance ~~periods~~Sheet ended September 30, 2022 was $15,911, compared to $153,826 in the same period in 2021. Cash provided was a result of proceeds from convertible notes in the principal amounts of $______ in 2022 and $_____ issued in 2021.Arrangements

AsWe ~~of September 30, 2022, the Company~~ had ~~total~~no ~~assets~~off-balance ofsheet ~~$327,670~~arrangements ~~and~~or ~~total~~guarantees ~~liabilities~~ of ~~$706,251. Our~~third-party ~~accumulated~~obligations ~~deficit~~at asMarch ~~of September 30~~31, ~~2022 was $613,096~~2023.

Table of Contents

~~Inflation~~Subsequent Events

WeNone ~~believe~~through ~~that~~date ~~inflation~~of ~~has~~this ~~not had a significant impact on our operations since inception~~filing.

~~Off-Balance~~ITEM ~~Sheet~~3. ~~Arrangements~~QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

WeAs ~~had~~a nosmaller ~~off-balance~~reporting ~~sheet~~company ~~arrangements~~(as ordefined ~~guarantees~~in Rule 12b-2 of ~~third~~the ~~party~~Exchange ~~obligations~~Act), atwe ~~September~~are ~~30,~~not ~~2022~~required to provide the information called for by this Item 3.

~~Subsequent~~ITEM ~~Events~~4. CONTROLS AND PROCEDURES.

~~None~~Evaluation ~~through~~of ~~date~~disclosure ofcontrols ~~this~~and ~~filing.~~procedures

~~ITEM~~Our 3management, with the participation of our President and Chief Executive Officer, evaluated the effectiveness of our disclosure controls and procedures as defined in Rule 13a-15(e) under the Exchange Act as of the end of the period covered by this Quarterly Report on Form 10-Q. ~~QUANTITATIVE~~In ~~AND~~designing ~~QUALITATIVE~~and ~~DISCLOSURES~~evaluating ~~ABOUT~~the ~~MARKET~~disclosure ~~RISK~~controls and procedures, our management recognized that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives. In addition, the design of disclosure controls and procedures must reflect the fact that there are resource constraints and that management is required to apply its judgment in evaluating the benefits of possible controls and procedures relative to their costs. The design of any disclosure controls and procedures also is based in part upon certain assumptions about the likelihood of future events and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions.

AsBased aon ~~smaller~~that ~~reporting~~evaluation, ~~company~~our (President and Chief Executive Officer concluded that, as ~~defined~~of March 31, 2023, our disclosure controls and procedures were not effective to provide reasonable assurance that information we are required to disclose in ~~Rule~~reports ~~12b-2~~that ofwe file or submit under the Exchange Act is (i) recorded, weprocessed, ~~are~~summarized ~~not~~and ~~required~~reported towithin ~~provide~~ the time periods specified in SEC rules, regulations and forms, and (ii) that such information ~~called~~is ~~for~~accumulated byand ~~this~~communicated ~~Item~~to 3our management, including our President and Chief Executive Officer, as appropriate, to allow timely decisions regarding required disclosure.

~~ITEM~~Changes 4.in ~~CONTROLS~~internal ~~AND~~control ~~PROCEDURES.~~over financial reporting

~~Evaluation~~Our management, with the participation of ~~disclosure~~the ~~controls~~President and ~~procedures~~Chief Executive Officer, has concluded there were no significant changes in our internal controls over financial reporting that occurred during this quarter that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

~~Our~~14 ~~management,~~Table ~~with the participation~~ of our President and Chief Executive Officer, evaluated the effectiveness of our disclosure controls and procedures as defined in Rule 13a-15(e) under the Exchange Act as of the end of the period covered by this Quarterly Report on Form 10-Q. In designing and evaluating the disclosure controls and procedures, our management recognized that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives. In addition, the design of disclosure controls and procedures must reflect the fact that there are resource constraints and that management is required to apply its judgment in evaluating the benefits of possible controls and procedures relative to their costs. The design of any disclosure controls and procedures also is based in part upon certain assumptions about the likelihood of future events and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions.Contents

~~Based~~PART on that evaluation, our President and Chief Executive Officer concluded that, as of September 30, 2022, our disclosure controls and procedures were not effective to provide reasonable assurance that information we are required to disclose in reports that we file or submit under the Exchange Act is (i) recorded, processed, summarized and reported within the time periods specified in SEC rules, regulations and forms, and (ii) that such information is accumulated and communicated to our management, including our President and Chief Executive Officer, as appropriate, to allow timely decisions regarding required disclosureII. OTHER INFORMATION

~~Changes~~ITEM in1. ~~internal~~LEGAL ~~control over financial reporting~~PROCEEDINGS.

~~Our~~The ~~management,~~Company ~~with~~is ~~the~~not ~~participation~~currently ofsubject ~~the~~to ~~President~~any ~~and~~legal ~~Chief~~proceedings. ~~Executive~~From ~~Officer~~time to time, ~~has~~the ~~concluded~~Company ~~there~~may ~~were~~become nosubject ~~significant~~to ~~changes~~litigation or proceedings in ~~our~~connection ~~internal~~with ~~controls~~its ~~over~~business, ~~financial~~as ~~reporting~~either ~~that~~a ~~occurred~~plaintiff ~~during~~or ~~this~~defendant. ~~quarter~~There ~~that~~are ~~have~~no ~~materially~~such ~~affected~~pending legal proceedings to which the Company is a party that, orin ~~are~~the ~~reasonably~~opinion of management, is likely to ~~materially~~have ~~affect,~~a ~~our~~material ~~internal~~adverse ~~control~~effect ~~over~~on the Company’s business, financial ~~reporting.~~condition or results of operations.

14ITEM ~~Table~~1A. RISK ~~of Contents~~FACTORS

~~PART~~As ~~II.~~a ~~OTHER~~smaller ~~INFORMATION~~reporting company (as defined in Rule 12b-2 of the Exchange Act), we are not required to provide the information called for by this Item 1A.

ITEM 12. ~~LEGAL~~UNREGISTERED ~~PROCEEDINGS~~SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.

~~The Company is not currently subject to any legal proceedings~~None. From time to time, the Company may become subject to litigation or proceedings in connection with its business, as either a plaintiff or defendant. There are no such pending legal proceedings to which the Company is a party that, in the opinion of management, is likely to have a material adverse effect on the Company’s business, financial condition or results of operations.

ITEM 1A3. ~~RISK~~ ~~FACTORS~~DEFAULTS UPON SENIOR SECURITIES.

~~As a smaller reporting company (as defined in Rule 12b-2 of the Exchange Act), we are not required to provide the information called for by this Item 1A~~None.

ITEM 24. ~~UNREGISTERED~~MINE ~~SALES~~SAFETY ~~OF EQUITY SECURITIES AND USE OF PROCEEDS~~DISCLOSURES.

~~None~~Not applicable.

ITEM 35. ~~DEFAULTS~~OTHER ~~UPON SENIOR SECURITIES~~INFORMATION.

None.

~~ITEM~~15 4.Table ~~MINE~~of ~~SAFETY DISCLOSURES.~~Contents

~~Not~~ITEM ~~applicable~~6. EXHIBITS.

~~ITEM~~(a) 5.The ~~OTHER~~following ~~INFORMATION~~Exhibits, as required by Item 601 of Regulation SK, are attached or incorporated by reference, as stated below.

None.

Number		Description

3.1.1		Articles of Incorporation, dated December 23, 2009
3.1.2		Certificate of Amendment, dated April 24, 2012
3.1.2		Certificate of Amendment, dated April 24, 2012
3.2		Bylaws
31.1		Certification of Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
31.2*		Certification of Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32.1*		Certification of Principal Executive Officer and Principal Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
101.INS		Inline XBRL Instance Document (the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document).
101.SCH		Inline XBRL Taxonomy Extension Schema Document.
101.CAL		Inline XBRL Taxonomy Extension Calculation Linkbase Document.
101.DEF		Inline XBRL Taxonomy Extension Definition Linkbase Document.
101.LAB		Inline XBRL Taxonomy Extension Labels Linkbase Document.
101.PRE		Inline XBRL Taxonomy Extension Presentation Linkbase Document.
104		Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101).

~~15 Table of Contents~~_______________

~~ITEM~~ *Furnished, 6.not ~~EXHIBITS~~filed.

~~(a)~~16 ~~The~~Table ~~following Exhibits, as required by Item 601~~ of ~~Regulation SK, are attached or incorporated by reference, as stated below.~~Contents

Number		Description
3.1.1		Articles of Incorporation, dated December 23, 2009
3.1.2		Certificate of Amendment, dated April 24, 2012
3.1.2		Certificate of Amendment, dated April 24, 2012
3.2		Bylaws
31.1		Certification of Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
31.2*		Certification of Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32.1*		Certification of Principal Executive Officer and Principal Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

SIGNATURES

101.INS		Inline XBRL Instance Document (the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document).
101.SCH		Inline XBRL Taxonomy Extension Schema Document.
101.CAL		Inline XBRL Taxonomy Extension Calculation Linkbase Document.
101.DEF		Inline XBRL Taxonomy Extension Definition Linkbase Document.
101.LAB		Inline XBRL Taxonomy Extension Labels Linkbase Document.
101.PRE		Inline XBRL Taxonomy Extension Presentation Linkbase Document.
104		Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101).

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.

_______________

	EVIL EMPIRE DESIGNS, INC.

Date: May 22, 2023	By:	/s/ Sheila Cunningham
	Name:	Sheila Cunningham
	Title:	President and Chief Executive Officer (principal executive officer, principal accounting officer and principal financial officer)

*Furnished, not filed.17

16 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.

	EVIL EMPIRE DESIGNS, INC.
Date: November 30, 2022	By:	/s/ Sheila Cunningham
	Name:	Sheila Cunningham
	Title:	President and Chief Executive Officer(principal executive officer, principal accounting officer and principal financial officer)

Filing Compare · Evil Empire Designs, Inc.