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: ~~December~~June 3130, ~~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 number 001-08589

FCCC, ~~INC~~Inc. (Exact Name of Registrant as Specified in Its Charter)

Nevada		06-0759497
(State or other jurisdiction ofincorporation or organization)		(I.R.S. EmployerIdentification No.)
17800 Castleton St, #695 City of Industry, CA,		91748
40 Wall St, Floor 60, New York City, NY		10005
(Address of principal executive offices)		(Zip Code)

(812) 933-8888

(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act: None

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

Indicate by check mark whether the registrant has submitted electronically 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 such files). Yes ☒ No ☐

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

Large accelerated filer	☐	Accelerated filer	☐
Non-accelerated 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 Rule 12b-2 of the Exchange Act). Yes ☒ ☐ No ☐☒

As of ~~February~~August 719, 2023, the registrant had 3,461,022 shares of common stock issued and outstanding.

FCCC, INC. FORM 10-Q

Index

PART I. FINANCIAL INFORMATION

Item 1.	Condensed Financial Statements.	4
	CONDENSED BALANCE SHEETS	4
	CONDENSED STATEMENTS OF OPERATIONS (UNAUDITED)	5
	CONDENSED STATEMENTS OF CASH FLOWS (UNAUDITED)	6
	CONDENSED STATEMENT OF CHANGES IN STOCKHOLDERS’ EQUITY (UNAUDITED)	7
	NOTES TO CONDENSED FINANCIAL STATEMENTS (UNAUDITED)	8
Item 2.	Management’s Discussion and Analysis of Financial Conditions and Results of Operations.	11
Item 3.	Quantitative and Qualitative Disclosures about Market Risk.	13
Item 4.	Controls and Procedures.	13

PART II. OTHER INFORMATION

Item 1.	Legal Proceedings.	14
Item 1A.	Risk Factors.	14
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds.	14
Item 3.	Defaults Upon Senior Securities.	14
Item 4.	Mine Safety Disclosures.	14
Item 5.	Other Information.	14
Item 6.	Exhibits.	15

2 Table of Contents

SPECIAL NOTE REGARDING FORWARD-LOOKING INFORMATION

This quarterly report on Form 10-Q and other publicly available documents, including the documents incorporated herein by reference, contain, and our officers and representatives may from time to time make, “forward-looking” statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: “anticipate,” “believe,” “expect,” “future,” “likely,” “may,” “plan,” “seek,” “will” and similar references to future periods actions or results. Examples of forward-looking statements include our prospects for one or more future material transactions, potential sources of financing, and expenses for future periods.

Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements.

Any forward-looking statement made by us in this quarterly report on Form 10-Q is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

Factors that could cause or contribute to such differences may include, but are not limited to, those described under the heading “Risk Factors” which may be included in the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2023, as filed with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this report. The Company undertakes no obligation to revise any forward-looking statements in order to reflect events or circumstances that may subsequently arise. Readers are urged to carefully review and consider the various disclosures made by the Company in this report and in the Company’s other reports filed with the Commission that advise interested parties of the risks and factors that may affect the Company’s business.

Table of Contents

PART I. FINANCIAL INFORMATION

Item 1. Condensed Financial Statements.

FCCC, INC.

CONDENSED BALANCE SHEETS

(Dollars in thousands, except share data)

	December 31,			March 31,
	June 30,			March 31,
	2022			2022
	2023			2023
	(Unaudited)
ASSETS
Current Assets:
Cash and cash equivalents	$	~~150~~35		$	25112
Total current assets		~~150~~35			25
TOTAL ASSETS		~~150~~35			25137
LIABILITIES AND STOCKHOLDERS’ DEFICIT
Current liabilities:
Accounts payable and other accrued expenses	$	17		$	16
Accrued Expenses	$	16		$	17
Due to Related party		173			123
Due to related party		327			221
Other Loans		135
Convertible note payable	$	65			65
Convertible note payable		65			65
Loan from Public Company		135			135
Accrued interest		78			57
Total Current Liabilities		398			209
TOTAL LIABILITIES		551			445
TOTAL LIABILITIES		398			209
Stockholders’ equity:
Common stock, no par value, 22,000,000 shares authorized, 3,461,022 issued and outstanding at December 31, 2022 and at March 31, 2022		800			800
Common stock, no par value, 22,000,000 shares authorized, 3,461,022 issued and outstanding at June 30, 2023 and at March 31, 2023		800			800
Additional paid-in capital		8,~~396~~398			8,396
Accumulated deficit		(9,~~444~~713	)		(9,~~380~~506	)
Total stockholders’ deficit		(~~248~~515	)		(~~184~~307	)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT	$	~~150~~35		$	25137

See notes to unaudited condensed financial statements

Table of Contents

FCCC, INC.

CONDENSED STATEMENTS OF OPERATIONS (UNAUDITED)

(Dollars in thousands, except share and per share data)

	Three Months Ended December 31,						Nine Months Ended December 31,
	Three Months EndedJune 30,
	2022			2021			2022			2021
	2023			2022
Expenses:
Income:
Operating and administrative expenses		18			62			62			161
Income	$	-		$	-
Total Operating Expenses		18			62			62			161
Total income		-			-
Non-Operating Expenses:
Expenses:
Interest expense		1			1			2			2
Operating and administrative expenses		207			28
Total expenses		19			63			64			163
Interest expense		1			1
Loss before income taxes		(19	)		(63	)		(64	)		(163	)
Total Current Liabilities		208			29
Income tax expense		-						-			-
Total expenses		208			29
Net Loss	$	(19	)		(63	)	$	(64	)	$	(163	)
Loss before income taxes		(208	)		(29	)
Basic and diluted loss per share	$	(0.00	)		(0.00	)		(0.00	)		(0.00	)
Income tax expense		-			-
Weighted average common shares outstanding
Net Loss	$	(208	)	$	(29	)
Basic and Diluted		3,461,022			3,461,022			3,461,022			3,461,022
Basic and diluted loss per share	$	(0.003	)	$	(0.003	)
Weighted average common shares outstanding
Basic and Diluted		3,461,022			3,461,022

See notes to unaudited condensed financial statements

Table of Contents

FCCC, INC.

CONDENSED STATEMENTS OF CASH FLOWS (UNAUDITED)

(Dollars in thousands)

	Nine Months Ended December 31,
	Three Months EndedJune 30,
	2022			2021
	2023			2022
Cash Flows from Operating Activities
Net loss	$	(64208	)	$	(~~163~~29	)
Adjustments to reconcile net loss to cash used in operating activities
Changes in assets and liabilities		(5	)
Decrease (Increase) in prepaid expenses		-			4
Increase in accrued interest		1			1
Increase (Decrease) in accounts payable and accrued expenses		3			48
Due to Related Party		106			50
Net cash used in operating activities		(61106	)		(~~111~~28	)
Cash Flows from Financing Activities
Other Loans		135
Proceeds from convertible note payable		-			-
Due to related party		50			95
Net increase (decrease) in cash		(106	)		22
Total Cash Flows from Financing Activities		185			(16	)
Cash at the beginning of the period		113			25
Net increase (decrease) in cash		125			(16	)
Cash at the end of the period	$	7		$	47
Cash at the beginning of the period		25			66
Cash at the end of the period	$	150		$	50
SUPPLEMENTAL DISCLOSURES:
Cash paid for income tax	$	-		$	-
Cash paid for Interest	$	-		$	-

~~See~~SUPPLEMENTAL ~~notes~~DISCLOSURES: toCash ~~unaudited~~paid ~~condensed~~for ~~financial~~income ~~statements~~tax $ - $ - Cash paid for Interest $ - $ -

6See ~~Table~~notes ofto ~~Contents~~unaudited condensed financial statements

~~FCCC,~~6 ~~INC.~~Table of Contents

~~CONDENSED~~FCCC, ~~STATEMENT OF CHANGES IN STOCKHOLDERS’ EQUITY (DEFICIT)~~ INC.

CONDENSED STATEMENT OF CHANGES IN STOCKHOLDERS’ EQUITY (~~UNAUDITED~~DEFICIT)

(~~Dollars in thousands~~UNAUDITED)

	Common Stocks				AdditionalPaid-In		Accumulated			TotalStockholders’Equity
	Shares		Amount		Capital		Deficit			(Deficit)
Balance as of Year Ended March 31, 2021		3,461,022	$	800	$	8,396	$	(9,197	)	$	(1	)
Net Loss – Three months Ended June 30, 2021		–		-		-		(46	)		(46	)
Balance as of Three months Ended June 30, 2021		3,461,022	$	800	$	8,396	$	(9,243	)	$	(47	)
Net Loss – Three months Ended September 30, 2021		–		-		-		(61	)		(61	)
Balance as of Three months Ended September 30, 2021		3,461,022	$	800	$	8,396	$	(9,304	)	$	(108	)
Net Loss – Three months Ended December 31, 2021		-		-		-		(63	)		(63	)
Balance as of three months ended December 31, 2021		3,461,022		800		8,396		(9,370	)		(174	)

(Dollars in thousands)

	Common Stocks				AdditionalPaid-in		Accumulated			TotalStockholders’Equity
	Common Stock				Additional					TotalStockholders’
	Shares		Amount		~~Capital~~Paid-InCapital		~~Deficit~~AccumulatedDeficit			Equity(Deficit)
Balance as of year ended March 31, 2022		3,461,022	$	800	$	8,396	$	(9,380	)	$	(184	)
Balance as of Year Ended March 31, 2023		3,461,022	$	800	$	8,396	$	(9,506	)	$	(307	)
Net Loss – Three months Ended June 30, 2022		–		-		-		(29	)		(29	)
Net Loss – 3 months Ended June 30, 2023		–		-		-		(208	)		(208	)
Balance as of three months ended June 30, 2022		3,461,022	$	800	$	8,396	$	(9,409	)	$	(213	)
Balance as of 3 months Ended June 30, 2023		3,461,022	$	800	$	8,396	$	(9,714	)	$	(515	)
Net Loss – Three months Ended September 30, 2022		–		-		-		(16	)		(16	)
Balance as of three months ended September 30, 2022		3,461,022	$	800	$	8,396	$	(9,425	)	$	(229	)
Net Loss – Three months Ended December 31, 2022								(19	)		(19	)
Balance as of three months ended December 31, 2022		3,461,022	$	800	$	8,396	$	(9,444	)	$	(248	)

See notes to unaudited condensed financial statements

	Common Stock				Paid-in		Accumulated
	Shares		Amount		Capital		Deficit			Total

Balance as of year ended March 31, 2022		3,461,022	$	800	$	8,396	$	(9,380	)	$	(184	)

Net Loss – Three months Ended June 30, 2022		–		-		-		(29	)		(29	)

Balance as of three months ended June 30, 2022		3,461,022	$	800	$	8,396	$	(9,409	)	$	(213	)

7See ~~Table~~notes ofto ~~Contents~~unaudited condensed financial statements

~~FCCC,~~7 ~~INC.~~Table of Contents

~~NOTES~~FCCC, ~~TO CONDENSED FINANCIAL STATEMENTS (UNAUDITED)~~ INC.

~~December~~NOTES ~~31,~~TO ~~2022~~CONDENSED FINANCIAL STATEMENTS (UNAUDITED)

~~NOTE~~June 130, ~~– BASIS OF PRESENTATION~~2023

~~The~~NOTE ~~accompanying~~1 ~~unaudited~~– ~~condensed~~BASIS ~~financial~~OF statements of FCCC, Inc. (the “Company”), have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Regulation S-X, promulgated by the Securities and Exchange Commission. Accordingly, they do not include all of the information and notes required by GAAP for complete financial statements.PRESENTATION

InThe ~~the~~accompanying ~~opinion~~unaudited ofcondensed ~~management,~~financial ~~all~~statements ~~adjustments (consisting~~ of ~~normal~~FCCC, ~~recurring~~Inc. ~~accruals~~(the “Company”), ~~considered necessary for a fair representation~~ have been ~~included~~prepared ~~herein.~~in ~~Operating~~accordance ~~results~~with ~~are~~accounting ~~not~~principles ~~necessarily~~generally ~~indicative~~accepted ofin the ~~results~~United ~~which~~States ~~may~~of beAmerica ~~expected~~(“GAAP”) for ~~the~~interim ~~year~~financial ~~ending~~information ~~March~~and ~~31,~~with ~~2023~~the orinstructions ~~other~~to ~~future~~Form ~~periods.~~10-Q ~~For~~and ~~further~~Regulation ~~information~~S-X, ~~refer~~promulgated toby the ~~financial~~Securities ~~statements~~ and ~~notes~~Exchange ~~thereto~~Commission. ~~included~~Accordingly, inthey ~~the~~do ~~Company’s~~not ~~Annual~~include ~~Report~~all onof ~~Form~~the ~~10-K~~information ~~for~~and ~~the~~notes ~~fiscal~~required ~~year~~by ~~ended~~GAAP ~~March~~for ~~31,~~complete ~~2022~~financial statements.

~~Going~~In ~~concern:~~the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair representation have been included herein. Operating results are not necessarily indicative of the results which may be expected for the year ending March 31, 2023 or other future periods. For further information, refer to the financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2023

~~The~~ Going ~~accompanying unaudited financial statements have been prepared assuming that the Company will continue as a going~~ concern. The Company has suffered losses that raise substantial doubt about its ability to continue as a going concern. While the Company is attempting to attain revenue growth and profitability, the growth has not been significant enough to support the Company’s daily operations. Management may need to raise additional funds by way of a public or private offering and make strategic acquisitions. While the Company believes in the viability of its strategy to improve sales volume and in its ability to raise additional funds, there can be no assurances to that effect. The ability of the Company to continue as a going concern is dependent on the Company’s ability to further implement its new business plan and generate revenue. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.:

~~Use~~The accompanying unaudited financial statements have been prepared assuming that the Company will continue as a going concern. The Company has suffered losses that raise substantial doubt about its ability to continue as a going concern. While the Company is attempting to attain revenue growth and profitability, the growth has not been significant enough to support the Company’s daily operations. Management may need to raise additional funds by way of ~~Estimates:~~a public or private offering and make strategic acquisitions. While the Company believes in the viability of its strategy to improve sales volume and in its ability to raise additional funds, there can be no assurances to that effect. The ability of the Company to continue as a going concern is dependent on the Company’s ability to further implement its new business plan and generate revenue. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

~~The~~Use ~~preparation~~ of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates.Estimates:

~~Fair~~The ~~value~~preparation of financial ~~instruments:~~statements in conformity with GAAP requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates.

~~Included~~Fair ~~in various investment related line items in the financial statements are certain financial instruments carried at fair~~ value~~. Other~~ ~~financial instruments are periodically measured at fair value, such as when impaired, or, for preferred stock when carried at the lower~~ of ~~cost~~financial ~~or market.~~instruments:

~~The~~Included ~~fair~~in ~~value~~various ofinvestment anrelated ~~asset~~line isitems ~~the amount at which that asset could be bought or sold~~ in athe ~~current~~financial ~~transaction~~statements ~~between~~are ~~willing~~certain ~~parties,~~financial ~~that~~instruments ~~is,~~carried ~~other~~at ~~than~~fair ~~in a forced or liquidation sale~~value. ~~The~~Other ~~fair~~financial ~~value~~instruments ofare aperiodically ~~liability~~measured ~~is the amount~~ at ~~which~~fair ~~that~~value, ~~liability~~such ~~could~~as bewhen ~~incurred~~impaired, or, ~~settled~~for inpreferred astock ~~current~~when ~~transaction~~carried ~~between~~at ~~willing~~the ~~parties,~~lower ~~that~~of ~~is,~~cost ~~other than in a forced~~ or ~~liquidation sale~~market.

~~Fair~~The ~~values~~fair ~~are~~value ~~based~~of onan ~~quoted~~asset ~~market~~is ~~prices~~the ~~when~~amount ~~available. When~~at ~~market~~which ~~prices~~that ~~are~~asset ~~not~~could ~~available,~~be ~~fair~~bought ~~value~~or issold ~~generally~~in ~~estimated~~a ~~using~~current ~~discounted~~transaction ~~cash~~between ~~flow~~willing ~~analyses~~parties, ~~incorporating~~that ~~current~~is, ~~market~~other ~~inputs~~than ~~for~~in ~~similar~~a ~~financial~~forced ~~instruments~~or ~~with~~liquidation ~~comparable terms and credit quality~~sale. InThe ~~instances~~fair ~~where~~value ~~there~~of isa ~~little~~liability oris ~~no market activity for~~ the ~~same~~amount orat ~~similar~~which ~~instruments, the Company estimates fair value using methods, models and assumptions~~ that ~~management~~liability ~~believes~~could ~~market~~be ~~participants~~incurred ~~would~~or ~~use~~settled toin ~~determine~~ a current transaction ~~price. These~~between ~~valuation~~willing ~~techniques~~parties, ~~involve~~that ~~some level of management estimation and judgment which becomes significant with increasingly complex instruments or pricing models. Where appropriate~~is, ~~adjustments~~other ~~are~~than ~~included to reflect the risk inherent~~ in a ~~particular~~forced ~~methodology, model~~ or ~~input~~liquidation ~~used~~sale.

8Fair ~~Table~~values are based on quoted market prices when available. When market prices are not available, fair value is generally estimated using discounted cash flow analyses, incorporating current market inputs for similar financial instruments with comparable terms and credit quality. In instances where there is little or no market activity for the same or similar instruments, the Company estimates fair value using methods, models and assumptions that management believes market participants would use to determine a current transaction price. These valuation techniques involve some level of ~~Contents~~management estimation and judgment which becomes significant with increasingly complex instruments or pricing models. Where appropriate, adjustments are included to reflect the risk inherent in a particular methodology, model or input used.

The Company's financial assets and liabilities carried at fair value have been classified, for disclosure purposes, based on a hierarchy defined by SFAS No. 157, Fair Value Measurements. The hierarchy gives the highest ranking to fair values determined using unadjusted quoted prices in active markets for identical assets and liabilities (Level 1) and the lowest ranking to fair values determined using methodologies and models with unobservable inputs (Level 3). An asset’s or a liability’s classification is based on the lowest level input that is significant to its measurement. For example, a Level 3 fair value measurement may include inputs that are both observable (Levels 1 and 2) and unobservable (Level 3). The levels of the fair value hierarchy are as follows:

~~Level~~8 1Table -of ~~Values are unadjusted quoted prices for identical assets and liabilities in active markets accessible at the measurement date.~~Contents

Level 21 ~~– Inputs~~- ~~include~~Values are unadjusted quoted prices for ~~similar~~identical assets orand liabilities in active markets, ~~quoted~~accessible ~~prices~~at ~~from those willing to trade in markets that are not active, or other inputs that are observable or can be corroborated by market data for~~ the ~~term~~measurement ~~of the instrument~~date. ~~Such inputs include market interest rates and volatilities, spreads and yield curves.~~

Level 32 – Inputs ~~Certain~~include ~~inputs~~quoted ~~are~~prices ~~unobservable~~for ~~(supported~~similar byassets ~~little~~ or noliabilities ~~market~~in ~~activity)~~active ~~and~~markets, ~~significant~~quoted prices from those willing to ~~the~~trade ~~fair~~in ~~value~~markets ~~measurement. Unobservable~~that are not active, or other inputs ~~reflect~~that ~~the~~are ~~Company’s~~observable ~~best~~or ~~estimate~~can ofbe ~~what~~corroborated ~~hypothetical~~by market ~~participants~~data ~~would~~for ~~use~~the toterm ~~determine~~of athe ~~transaction~~instrument. Such ~~price~~inputs ~~for~~include ~~the~~market ~~asset~~interest orrates ~~liability~~and atvolatilities, ~~the~~spreads ~~reporting~~and ~~date~~yield curves.

~~Dividends:~~Level 3 – Certain inputs are unobservable (supported by little or no market activity) and significant to the fair value measurement. Unobservable inputs reflect the Company’s best estimate of what hypothetical market participants would use to determine a transaction price for the asset or liability at the reporting date.

The Company may or may not pay cash dividends or make other distributions in the future depending on a number of factors. The Company may, however, pay a cash dividend or other distribution as part of a merger, acquisition, reverse merger or business combination transaction or if the Board of Directors deems it advisable for the benefit of all shareholders at any time. Dividends:

~~Income~~The ~~Taxes:~~Company may or may not pay cash dividends or make other distributions in the future depending on a number of factors. The Company may, however, pay a cash dividend or other distribution as part of a merger, acquisition, reverse merger or business combination transaction or if the Board of Directors deems it advisable for the benefit of all shareholders at any time.

~~The Company utilizes the asset and liability method of accounting for deferred income taxes as prescribed by the FASB Accounting Standard Codification, (“ASC”), 740 “~~Income Taxes”. This method requires the recognition of deferred tax liabilities and assets for the expected future tax consequences of temporary differences between the tax return and financial statement reporting basis of certain assets and liabilities.:

AsThe ~~required by ASC 740-10, “Income Taxes”, the~~ Company ~~recognizes~~utilizes the ~~financial~~asset ~~statement~~and ~~benefit~~liability method of aaccounting ~~tax~~for ~~position~~deferred ~~only~~income ~~after~~taxes ~~determining~~as ~~that~~prescribed ~~the~~by ~~relevant tax authority would more likely than not sustain~~ the ~~position~~FASB ~~following~~Accounting anStandard ~~audit.~~Codification, ~~For tax positions meeting the more-likely-than-not threshold~~(“ASC”), ~~the~~740 ~~amount~~“Income ~~recognized~~Taxes”. inThis ~~the~~method ~~financial~~requires ~~statements is~~ the ~~largest~~recognition ~~benefit that has a greater than 50% likelihood~~ of ~~being~~deferred ~~realized~~tax ~~upon~~liabilities ~~ultimate~~and ~~settlement~~assets ~~with~~for the ~~relevant~~expected ~~tax~~future ~~authority. Management does not believe that there are any uncertain~~ tax ~~positions~~consequences ~~which~~of ~~would~~temporary ~~have~~differences abetween ~~material impact on~~ the ~~financial~~tax ~~statements.~~return ~~The Company has elected to include interest~~ and ~~penalties~~financial ~~related~~statement toreporting ~~uncertain~~basis ~~tax positions as a component~~ of ~~income~~certain ~~tax~~assets ~~expense.~~and ~~To date, the Company has not recorded any interest or penalties related to uncertain tax positions~~liabilities.

~~Recently~~As ~~Issued~~required ~~Accounting~~by ~~Pronouncements:~~ASC 740-10, “Income Taxes”, the Company recognizes the financial statement benefit of a tax position only after determining that the relevant tax authority would more likely than not sustain the position following an audit. For tax positions meeting the more-likely-than-not threshold, the amount recognized in the financial statements is the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the relevant tax authority. Management does not believe that there are any uncertain tax positions which would have a material impact on the financial statements. The Company has elected to include interest and penalties related to uncertain tax positions as a component of income tax expense. To date, the Company has not recorded any interest or penalties related to uncertain tax positions.

~~The~~Recently ~~Company~~Issued ~~has~~Accounting implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.Pronouncements:

~~NOTE~~The 2Company –has ~~RELATED~~implemented ~~PARTY~~all ~~TRANSACTIONS~~new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations

AsNOTE of2 ~~December~~– ~~31,~~RELATED ~~2022,~~PARTY ~~and March 31, 2022, the related party payable amounts to the Director David He are approximately $173,452 and $123,000, respectively, in purpose for cover certain operating expenses for the Company.~~TRANSACTIONS

9On ~~Table~~September 21, 2020, the Company entered into a Note Purchase Agreement (the “Purchase Agreement”) with Frederick L. Farrar, who then served as the Company’s Chief Executive Officer and Chief Financial Officer, pursuant to which the Company issued and sold to Mr. Farrar a Convertible Promissory Note in aggregate principal amount of ~~Contents~~$65,000 bearing 5.0% interest per annum due and payable in cash on October 31, 2022 (the “Note”). The Note is unsecured and may be prepaid by the Company in whole or in part at any time without penalty or premium, at the option of the Company. Mr. Farrar has the option, on or prior to the maturity date, to convert all (but not less than all) of the principal and accrued but unpaid interest under this Note into the Company’s common stock, no par value, at a conversion price of $0.23 per share.

~~NOTE~~On 3April –26, ~~EARNINGS~~2021, ~~PER~~the ~~SHARE~~Company entered into an agreement to issue and sell 695,652 shares (the “New Shares”) of the Company’s common stock, no par value, to Huijun He, the Company’s Chief Executive Officer Vice President, and a Director, for a price of $159,999.96, or $0.23 per share (the “Subscription Agreement”). Pursuant to the terms of the Subscription Agreement, the sale of the New Shares will take place on or before July 25, 2021, which is the 90th day after the execution of the Subscription Agreement.

~~The~~As ~~Company~~of ~~follows~~June ~~FASB ASC 260~~30, ~~Earnings~~2023 ~~Per~~and ~~Share.~~March ~~Basic~~31, ~~earnings per share (“EPS”) is based on the weighted average number of common shares outstanding for the period~~2023, ~~excluding~~ the ~~effects~~related ofparty ~~any~~payable ~~potentially~~amounts ~~dilutive~~to ~~securities. Diluted EPS reflects~~ the ~~potential~~Director ~~dilution~~David ~~that~~He ~~could~~are ~~occur~~$327,000 ifand ~~securities~~$221,000, orrespectively, ~~other~~in ~~contracts~~purpose tofor ~~issue~~cover ~~common~~certain ~~stock~~operating ~~were~~expenses ~~exercised~~for ~~or converted. Net income (loss) per share is calculated by dividing net income (loss) by~~ the ~~weighted average number of common shares outstanding during the period~~Company.

As9 ofTable ~~December 31, 2021, the Company had outstanding convertible notes which represent 297,242 shares~~ of ~~common stock. These shares of common stock were excluded from the computation of diluted earnings per share since their effect would have been antidilutive.~~Contents

AsNOTE of3 ~~March~~– ~~31,~~EARNINGS ~~2022,~~PER the Company had outstanding convertible notes which represent 304,288 shares of common stock. These shares of common stock were excluded from the computation of diluted earnings per share since their effect would have been antidilutive.SHARE

AsThe ofCompany ~~December~~follows ~~31,~~FASB ~~2022~~ASC 260, Earnings Per Share. Basic earnings per share (“EPS”) is based on the ~~Company~~weighted ~~had~~average ~~outstanding~~number ~~convertible~~of ~~notes~~common ~~which~~shares ~~represent~~outstanding ~~311~~for the period,~~295~~ ~~shares~~excluding the effects of ~~common~~any ~~stock~~potentially dilutive securities. ~~These~~Diluted ~~shares~~EPS ofreflects the potential dilution that could occur if securities or other contracts to issue common stock were ~~excluded~~exercised ~~from~~or ~~the~~converted. ~~computation~~Net ofincome ~~diluted~~(loss) ~~earnings~~ per share ~~since~~is ~~their~~calculated ~~effect~~by ~~would~~dividing ~~have~~net ~~been~~income ~~antidilutive~~(loss) by the weighted average number of common shares outstanding during the period.

Basic and diluted loss per common share was calculated using the following number of shares for the three and ~~Nine~~ three months ended ~~December~~June 3130, ~~2022,~~2023 and ~~2021~~2022:

Three and Nine Months Ended December 31:	2022		2021
Three Months Ended June 30:	2023		2022
Weighted average number of common shares outstanding - Basic		3,461,022		3,461,022
Weighted average number of common shares outstanding - Diluted		3,461,022		3,461,022

NOTE 4 – INDEBTEDNESS

On September 21, 2020, the Company entered into a Note Purchase Agreement, pursuant to which the Company issued and sold to Frederick L. Farrar, a former executive officer, director and significant stockholder of the Company, a Convertible Promissory Note in the principal amount of $65,000 (the “Note”) in exchange for a loan of the same amount. The Note accrues interest at 5.0% per annum and is scheduled to mature and become payable on October 31, 2022. The Company’s payment obligations under the Note are unsecured and the Company can prepay the amount due in whole or in part at any time without penalty or premium. The holder of the Note has the option, on or prior to maturity, to convert all (but not less than all) of the amount due under the Note to into shares of the Company’s common stock at a conversion price of $0.23 per share. The Company intends to use the proceeds from the issuance of the Note for general corporate purposes. As of ~~December~~June 3130, ~~2022~~2023, the principal and interest due under the Note totaled ~~approximately~~ $72,000.

NOTE 5 – CAPITAL STOCK

The Company is authorized to issue 22,000,000 shares of Common stock, at no par value. At ~~December~~June 3130, ~~2022~~2023 and March 31, ~~2022~~2023, there were 3,461,022 and 3,461,022 shares issued and outstanding, respectively.

~~NOTE~~10 6Table –of ~~SUBSEQUENT EVENTS~~Contents

~~After~~Item ~~the end date of this reporting period, the Company entered negotiations to acquire a general management and consulting company located in Los Angeles, California~~2. ~~In the coming quarter, Company will file amended and supplementary filings disclosing the transaction~~Management’s ~~negotiations~~Discussion and ~~closing~~Analysis ~~events,~~of ~~and~~Financial ~~the~~Conditions ~~Company~~and ~~plans~~Results toof ~~no longer continue filing under shell status~~Operations.

10FORWARD-LOOKING ~~Table of Contents~~STATEMENTS

~~Item~~The 2.following ~~Management~~discussion may contain forward-looking statements regarding the Company, its business prospects and its results of operations that are subject to certain risks and uncertainties posed by many factors and events that could cause the Company’s ~~Discussion~~actual business, prospects and ~~Analysis~~results of ~~Financial~~operations ~~Conditions~~to differ materially from those that may be anticipated by such forward-looking statements. The risks and ~~Results~~uncertainties may be summarized in other documents that the Company may file with the Securities Exchange Commission, such as our Annual Report on Form 10-K for the year ended March 31, 2023. These forward-looking statements reflect our view only as of ~~Operations~~the date of this report. The Company cannot guarantee future results, levels of activity, performance, or achievement. The Company does not undertake any obligation to update or correct any forward-looking statements.

~~FORWARD-LOOKING~~ANALYSIS ~~STATEMENTS~~OF OPERATIONS AND FINANCIAL CONDITION

The ~~following~~Company ~~discussion~~has ~~may~~limited ~~contain~~operations ~~forward-looking~~and ~~statements~~is ~~regarding~~actively ~~the~~seeking ~~Company~~a merger, ~~its~~reverse ~~business~~merger, ~~prospects~~acquisition ~~and~~or ~~its~~business ~~results~~combination ofopportunities ~~operations~~with ~~that~~an ~~are~~operating ~~subject~~business toor ~~certain~~other ~~risks~~financial ~~and~~transaction ~~uncertainties~~opportunities. ~~posed~~Until bya ~~many~~transaction ~~factors~~is ~~and~~effectuated, ~~events that could cause~~ the Company’s ~~actual~~does ~~business,~~not ~~prospects~~expect ~~and~~to ~~results~~have ofsignificant operations. toAccordingly, ~~differ~~during ~~materially~~this ~~from~~period ~~those~~the ~~that~~Company ~~may~~does benot ~~anticipated~~expect byto ~~such~~achieve ~~forward-looking~~sufficient ~~statements.~~income ~~The~~to ~~risks~~offset ~~and~~the ~~uncertainties~~Company’s ~~may~~operating beexpenses, ~~summarized~~resulting in ~~other~~operating ~~documents~~losses that ~~the Company~~ may ~~file~~require ~~with~~ the ~~Securities~~Company ~~Exchange~~to ~~Commission,~~use ~~such~~and asthereby ~~our~~reduce ~~Annual~~the ~~Report~~Company’s onlimited ~~Form~~cash ~~10-K~~balance.. ~~for~~Until the ~~year~~Company ~~ended~~completes ~~March~~a 31merger, ~~2022.~~reverse ~~These~~merger ~~forward-looking~~or ~~statements~~other ~~reflect~~financial ~~our~~transaction, ~~view~~and ~~only~~unless asinterest ofrates ~~the~~increase ~~date~~dramatically, ofthe ~~this~~Company ~~report.~~expects ~~The~~to ~~Company~~continue ~~cannot~~to ~~guarantee~~incur ~~future~~losses ~~results~~between $150,000 ~~levels~~to ~~of activity~~$200,000 ~~performance,~~per ~~or achievement~~quarter. The Company does not ~~undertake~~have any ~~obligation~~arrangements towith ~~update~~banks or ~~correct~~financial ~~any~~institutions ~~forward-looking~~with ~~statements~~respect to the availability of financing in the future.

~~ANALYSIS~~The OFpayment ~~OPERATIONS~~of ~~AND~~any ~~FINANCIAL~~cash ~~CONDITION~~distributions is subject to the discretion of our board of directors. At this time, the Company has no plans to pay any additional cash distributions in the foreseeable future.

~~The~~CURRENT Company has limited operations and is actively seeking a merger, reverse merger, acquisition or business combination opportunities with an operating business or other financial transaction opportunities. Until a transaction is effectuated, the Company does not expect to have significant operations. Accordingly, during this period the Company does not expect to achieve sufficient income to offset the Company’s operating expenses, resulting in operating losses that may require the Company to use and thereby reduce the Company’s limited cash balance. Until the Company completes a merger, reverse merger or other financial transaction, and unless interest rates increase dramatically, the Company expects to continue to incur losses between approximately $15,000 to $20,000 per quarter. The Company does not have any arrangements with banks or financial institutions with respect to the availability of financing in the future.BUSINESS

~~The~~Since ~~payment~~June 2003, the Company’s operations consist of ~~any~~a ~~cash~~search ~~distributions~~for isa ~~subject~~merger, toacquisition, reverse merger or a business transaction opportunity with an operating business or other financial transaction; however, there can be no assurance that this plan will be successfully implemented. Until a transaction is effectuated, the ~~discretion~~Company ofdoes ~~our~~not ~~board~~expect ofto ~~directors~~have significant operations. At this time, the Company has no ~~plans~~arrangements toor ~~pay~~understandings with respect to any ~~additional~~potential ~~cash~~merger, ~~distributions~~acquisition, inreverse merger or business combination candidate pursuant to which the ~~foreseeable~~Company ~~future~~may become an operating company.

~~CURRENT~~Opportunities ~~BUSINESS~~may come to the Company’s attention from various sources, including our management, our stockholders, professional advisors, securities broker dealers, venture capitalists and private equity funds, members of the financial community and others who may present unsolicited proposals. At this time, the Company has no plans, understandings, agreements, or commitments with any individual or entity to act as a finder in regard to any business opportunities. While it is not currently anticipated that the Company will engage unaffiliated professional firms specializing in business acquisitions, reorganizations or other such transactions, such firms may be retained if such arrangements are deemed to be in the best interest of the Company. Compensation to a finder or business acquisition firm may take various forms, including one-time cash payments, payments involving issuance of securities (including those of the Company), or any combination of these or other compensation arrangements. Consequently, the Company is currently unable to predict the cost of utilizing such services.

~~Since~~The ~~June 2003, the~~ Company’s ~~operations~~has ~~consist~~not ofrestricted aits search ~~for~~to aany ~~merger~~particular business, ~~acquisition~~industry, ~~reverse merger~~ or ageographical ~~business~~location. ~~transaction~~In ~~opportunity~~evaluating ~~with~~a anpotential ~~operating business or other financial~~ transaction~~; however~~, ~~there~~the ~~can~~Company beanalyzes noall ~~assurance~~available ~~that~~factors ~~this~~and ~~plan~~make ~~will~~a bedetermination ~~successfully~~based ~~implemented.~~on ~~Until~~ a ~~transaction~~composite isof ~~effectuated,~~available ~~the Company does not expect to have significant operations. At this time~~facts, ~~the~~without ~~Company~~reliance ~~has~~on ~~no arrangements or understandings with respect to~~ any ~~potential~~single ~~merger, acquisition, reverse merger or business combination candidate pursuant to which the Company may become an operating company~~factor.

~~Opportunities~~11 ~~may~~Table come to the Company’s attention from various sources, including our management, our stockholders, professional advisors, securities broker dealers, venture capitalists and private equity funds, members of the financial community and others who may present unsolicited proposals. At this time, the Company has no plans, understandings, agreements, or commitments with any individual or entity to act as a finder in regard to any business opportunities. While it is not currently anticipated that the Company will engage unaffiliated professional firms specializing in business acquisitions, reorganizations or other such transactions, such firms may be retained if such arrangements are deemed to be in the best interest of the Company. Compensation to a finder or business acquisition firm may take various forms, including one-time cash payments, payments involving issuance of securities (including those of the Company), or any combination of these or other compensation arrangements. Consequently, the Company is currently unable to predict the cost of utilizing such services.Contents

~~The~~It is not possible at this time to predict the nature of a transaction in which the Company ~~has~~may ~~not~~participate. ~~restricted~~Specific ~~its~~business ~~search~~opportunities would be reviewed as well as the respective needs and desires of the Company and the legal structure or method deemed by management to ~~any~~be suitable would be selected. In implementing a structure for a particular ~~business~~transaction, ~~industry~~the Company may become a party to a merger, consolidation, reorganization, tender offer, joint venture, license, purchase and sale of assets, or ~~geographical~~purchase ~~location~~and sale of stock, or other arrangement the exact nature of which cannot now be predicted. Additionally, the Company may act directly or indirectly through an interest in a partnership, corporation or other form of organization. Implementing such structure may require the merger, consolidation or reorganization of the Company with other business organizations and there is no assurance that the Company would be the surviving entity. In ~~evaluating~~addition, our present management and stockholders may not have control of a ~~potential~~majority of the voting shares of the Company following reorganization or other financial transaction. As part of such a transaction, some or all of the Company’s ~~analyzes~~existing ~~all~~directors ~~available~~may ~~factors~~resign and ~~make~~new directors may be appointed. The Company’s operations following the consummation of a ~~determination~~transaction ~~based~~will be dependent on athe ~~composite~~nature of ~~available~~the ~~facts~~transaction. There may also be various risks inherent in the transaction, ~~without~~the ~~reliance~~nature onand ~~any~~magnitude ~~single~~of ~~factor~~which cannot be predicted.

11The ~~Table~~Company may also be subject to increased governmental regulation following a transaction; however, it is not possible at this time to predict the nature or magnitude of ~~Contents~~such increased regulation, if any.

ItThe isCompany ~~not~~expects ~~possible~~to atcontinue ~~this~~to ~~time~~incur tomoderate ~~predict~~losses ~~the~~each ~~nature~~quarter ofuntil a transaction inconsidered ~~which~~appropriate ~~the Company may participate. Specific business opportunities would be reviewed as well as the respective needs and desires of the Company and the legal structure or method deemed~~ by management to be suitable would be selected. In implementing a structure for a particular transaction, the Company may become a party to a merger, consolidation, reorganization, tender offer, joint venture, license, purchase and sale of assets, or purchase and sale of stock, or other arrangement the exact nature of which cannot now be predicted. Additionally, the Company may act directly or indirectly through an interest in a partnership, corporation or other form of organization. Implementing such structure may require the merger, consolidation or reorganization of the Company with other business organizations and there is ~~no assurance that the Company would be the surviving entity~~effectuated. In addition, our present management and stockholders may not have control of a majority of the voting shares of the Company following reorganization or other financial transaction. As part of such a transaction, some or all of the Company’s existing directors may resign and new directors may be appointed. The Company’s operations following the consummation of a transaction will be dependent on the nature of the transaction. There may also be various risks inherent in the transaction, the nature and magnitude of which cannot be predicted.

~~The~~RESULTS ~~Company~~OF ~~may~~OPERATIONS ~~also~~AND beFINANCIAL ~~subject to increased governmental regulation following a transaction; however, it is not possible at this time to predict the nature or magnitude of such increased regulation, if any.~~CONDITION

~~The~~During the quarter ended June 30, 2023, the Company ~~expects~~had toa ~~continue~~loss from operations of $208,000. The loss is attributable to ~~incur~~the ~~moderate~~operational, ~~losses~~administrative, ~~each~~auditing, tax return preparation, legal and interest expenses incurred during the quarter. ~~until~~During athe ~~transaction~~quarter ~~considered~~ended ~~appropriate~~June by30, ~~management~~2022, isthe ~~effectuated~~loss from operations was $28,000. No taxes were paid in the quarters ended June 30, 2023 or 2022.

~~RESULTS~~During OFthe ~~OPERATIONS~~three ~~AND~~months ~~FINANCIAL~~ended ~~CONDITION~~June 30, 2023, the Company had a loss from operations of $208,000. The loss is attributable to the operational, administrative, auditing, tax return preparation, legal and interest expenses incurred during the three-month period. During the three months ended June 30, 2023, the loss from operations was $208,000. Taxes paid in the three months ended June 30, 2023 and 2022 were $0 in both three-month periods.

~~During~~LIQUIDITY ~~the~~AND ~~quarter~~CAPITAL ended December 31, 2022, the Company had a loss from operations of approximately $19,000. The loss is attributable to the operational, administrative, auditing, tax return preparation, legal and interest expenses incurred during the quarter. During the quarter ended December 31, 2021, the loss from operations was approximately $66,000. No taxes were paid in the quarters ended December 31, 2022 or 2021.RESOURCES

~~During~~Stockholders’ ~~the~~equity ~~nine~~as ~~months~~of ~~ended~~June ~~December 31~~30, ~~2022~~2023, ~~the~~was ~~Company~~$(515,000), ~~had~~compared ato ~~loss~~($214,000) ~~from~~at ~~operations~~March ~~of approximately $64~~31,~~000~~ 2023. The ~~loss~~decrease is attributable to the ~~operational,~~net ~~administrative,~~loss ~~auditing, tax return preparation, legal and interest expenses~~ incurred during the three~~-month~~ ~~period. During the three~~ months ended ~~December~~June 3130, ~~2021, the loss from operations was approximately $173,000~~2023. ~~No taxes were paid in the nine months ended December 31, 2022 and 2021 were $0 in both nine-month periods.~~

~~LIQUIDITY~~Net ~~AND~~cash ~~CAPITAL~~used ~~RESOURCES~~in operating activities was $106,000 during the three months ended June 30, 2023, compared to net cash used in operating activities of $22,000 in the three months ended June 30, 2022. Net cash provided in financing activities was $50,000 during the three months ended June 30, 2022, compare to the net cash provided in financing activities was $0 in the three months ended June 30, 2022.

~~Stockholders’~~Cash ~~deficit~~on ashand ofat ~~December~~June 3130, 2022, was ~~approximately~~ $~~248~~47,000, compared to $~~184~~7,000 at ~~March~~June 3130, ~~2022~~2023. The ~~decrease~~increase isin ~~attributable~~cash toon ~~the~~hand ~~net~~was ~~loss~~primarily ~~incurred~~the ~~during~~net ~~the~~result ~~nine~~of ~~months~~funds ~~ended~~deposited ~~December~~by ~~31,~~David ~~2022~~He.

~~Net~~Convertible ~~cash~~Promissory used in operating activities was approximately $61,000 during the nine months ended December 31, 2022, compared to net cash used in operating activities of approximately $118,000 in the nine months ended December 31, 2021. The net cash from financing activities during the three months ended December 31, 2022 was a result of the payment of operating expenses. Note

~~Cash~~On onSeptember ~~hand~~21, at2020, ~~December~~the 31Company entered into a Note Purchase Agreement with Frederick L. Farrar, ~~2022~~its ~~was~~Chief ~~approximately~~Executive ~~$150~~Officer,~~000~~ Chief Financial Officer and a member of its board of directors, ~~compared~~pursuant to ~~approximately~~which the Company issued and sold to Mr. Farrar a Convertible Promissory Note in the principal amount of $2565,000 (the “Note”) in exchange for a loan of the same amount. The Note accrues interest at ~~March~~5.0% per annum and is scheduled to mature and become payable on October 31, 2022. The ~~increase~~Company’s payment obligations under the Note are unsecured and the Company can prepay the amount due in ~~cash~~whole or in part at any time without penalty or premium. The holder of the Note has the option, on ~~hand~~or ~~was~~prior ~~primarily~~to maturity, to convert all (but not less than all) of the ~~net~~amount ~~result~~due under the Note to into shares of ~~funds~~the ~~deposited~~Company’s bycommon ~~David~~stock Heat a conversion price of $0.23 per share. The Company intends to use the proceeds from the issuance of the Note for general corporate purposes.

~~Convertible~~The ~~Promissory~~Company ~~Note~~has no material off-balance sheet arrangements. There has been no material change in any contractual obligation as reported in the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2023.

On12 ~~September~~Table ~~21, 2020, the Company entered into a Note Purchase Agreement with Frederick L. Farrar, its Chief Executive Officer, Chief Financial Officer and a member~~ of its board of directors, pursuant to which the Company issued and sold to Mr. Farrar a Convertible Promissory Note in the principal amount of $65,000 (the “Note”) in exchange for a loan of the same amount. The Note accrues interest at 5.0% per annum and is scheduled to mature and become payable on October 31, 2022. The Company’s payment obligations under the Note are unsecured and the Company can prepay the amount due in whole or in part at any time without penalty or premium. The holder of the Note has the option, on or prior to maturity, to convert all (but not less than all) of the amount due under the Note to into shares of the Company’s common stock at a conversion price of $0.23 per share. The Company intends to use the proceeds from the issuance of the Note for general corporate purposes.Contents

~~The~~Item ~~Company has no material off-balance sheet arrangements~~3. ~~There~~Quantitative ~~has~~and ~~been~~Qualitative noDisclosures ~~material~~about ~~change~~Market ~~in any contractual obligation as reported in the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2022~~Risk.

12Smaller ~~Table~~reporting ofcompanies ~~Contents~~are not required to provide the information required under this Item.

Item 34. ~~Quantitative~~Controls and ~~Qualitative Disclosures about Market Risk~~Procedures.

~~Smaller~~Evaluation ~~reporting~~of ~~companies~~Disclosure ~~are~~Controls ~~not~~and ~~required to provide the information required under this Item.~~Procedures

~~Item~~As 4of the end of the period covered by this Quarterly Report on Form 10-Q, the Company’s management has evaluated, under the supervision and with the participation of the Company’s Chief Executive Officer and Chief Financial Officer, the effectiveness of our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934). ~~Controls~~Disclosure controls and ~~Procedures~~procedures are designed to ensure that information required to be disclosed in the Company’s reports filed under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission’s rules and forms and that such information is accumulated and communicated to the Company’s management, including the Company’s Chief Executive Officer and Chief Financial Officer, to allow timely decisions regarding required disclosure. Based on this evaluation, the Company’s Chief Executive Officer and Chief Financial Officer concluded that the Company’s disclosure controls and procedures were effective as of June 30, 2023.

~~Evaluation~~Changes ofin ~~Disclosure~~Internal ~~Controls~~Control ~~and~~over ~~Procedures~~Financial Reporting

AsThere ofwere ~~the~~no ~~end~~changes ofin the ~~period covered by this Quarterly Report on Form 10-Q, the~~ Company’s ~~management~~internal ~~has~~control ~~evaluated,~~over ~~under~~financial ~~the~~reporting ~~supervision~~during ~~and with~~ the ~~participation~~quarter ofended ~~the~~June ~~Company’s~~30, ~~Chief~~2023 ~~Executive~~that ~~Officer~~have ~~and~~materially ~~Chief Financial Officer~~affected, ~~the~~or ~~effectiveness of our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934). Disclosure controls and procedures~~ are ~~designed~~reasonably tolikely ~~ensure that information required~~ to bematerially ~~disclosed~~affect, in the Company’s ~~reports~~internal ~~filed~~control ~~under~~over ~~the~~financial ~~Securities~~reporting. ~~Exchange~~Management ~~Act~~does ofnot ~~1934~~believe isthat ~~recorded,~~there ~~processed,~~are ~~summarized~~significant ~~and~~deficiencies ~~reported~~in ~~within~~ the ~~time~~design ~~periods~~or ~~specified~~operation inof the ~~Securities and Exchange Commission~~Company’s ~~rules~~internal ~~and~~controls ~~forms and~~ that ~~such~~could ~~information~~adversely isaffect ~~accumulated and communicated to~~ the Company’s ~~management,~~ability ~~including~~to ~~the Company’s Chief Executive Officer and Chief Financial Officer~~record, ~~to allow timely decisions regarding required disclosure. Based on this evaluation~~process, ~~the~~summarize ~~Company’s Chief Executive Officer~~ and ~~Chief~~report ~~Financial~~financial ~~Officer concluded that the Company’s disclosure controls and procedures were effective as of December 31, 2022~~data.

~~Changes~~13 inTable ~~Internal~~of ~~Control over Financial Reporting~~Contents

~~There~~PART were no changes in the Company’s internal control over financial reporting during the quarter ended December 31, 2022 that have materially affected, or are reasonably likely to materially affect, the Company’s internal control over financial reportingII. ~~Management~~OTHER does not believe that there are significant deficiencies in the design or operation of the Company’s internal controls that could adversely affect the Company’s ability to record, process, summarize and report financial data.INFORMATION

13Item ~~Table~~1. ofLegal ~~Contents~~Proceedings.

~~PART II~~None. ~~OTHER INFORMATION~~

Item 11A. ~~Legal~~Risk ~~Proceedings~~Factors.

~~None~~Smaller reporting companies are not required to provide the information required under this Item.

Item 1A2. ~~Risk~~Unregistered ~~Factors~~Sales of Equity Securities and Use of Proceeds.

~~Smaller reporting companies are not required to provide the information required under this Item~~None.

Item 23. ~~Unregistered~~Defaults ~~Sales~~Upon ofSenior ~~Equity~~ Securities ~~and Use of Proceeds~~.

None.

Item 34. ~~Defaults~~Mine ~~Upon~~Safety ~~Senior Securities~~Disclosures.

~~None~~Not Applicable.

Item 45. ~~Mine~~Other ~~Safety Disclosures~~Information.

~~Not Applicable~~None.

~~Item~~14 5.Table ~~Other~~of ~~Information.~~Contents

~~None~~Item 6. Exhibits.

14 Table of Contents

Exhibit Number		Description

3.1		Composite Amended and Restated Certificate of Incorporation, as amended through January 23, 2004 (incorporated by reference to Exhibit 3.1 to Annual Report on Form 10-K for year ended March 31, 2015)

3.2		Composite Amended and Restated By-Laws, as amended through November 27, 2007 (incorporated by reference to Exhibit 3.2 to Annual Report on Form 10-K for year ended March 31, 2015)

10.1		Subscription Agreement, dated as of April 26, 2021, by and between FCCC, Inc. and Huijun He. (incorporated by reference to

31.1		Certification of Principal Executive Officer pursuant to Rule 13a-14(a) under the Securities Exchange Act of 1934, as amended

31.2		Certification of Principal Financial Officer pursuant to Rule 13a-14(a) under the Securities Exchange Act of 1934, as amended

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

32.2		Certification of Chief Financial Officer pursuant to 18 U.S.C. Sec. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

101		The following materials from FCCC, Inc.’s Quarterly Report on Form 10-Q for the fiscal period ended June 30, 2023, as filed with the Security and Exchange Commission, formatted in iXBRL (Inline eXtensible Business Reporting Language): (i) Condensed Balance Sheets; (ii) Condensed Statements of Operations; (iii) Condensed Statements of Cash Flows; (iv) Condensed Statements of Stockholders’ Equity; and (vi) the Notes to the Condensed Financial Statements.
104		Cover Page formatted in iXBRL (included in Exhibit 101)

~~Item~~15 6.Table ~~Exhibits.~~of Contents

Exhibit Number		Description
3.1		Composite Amended and Restated Certificate of Incorporation, as amended through January 23, 2004 (incorporated by reference to Exhibit 3.1 to Annual Report on Form 10-K for year ended March 31, 2015)
3.2		Composite Amended and Restated By-Laws, as amended through November 27, 2007 (incorporated by reference to Exhibit 3.2 to Annual Report on Form 10-K for year ended March 31, 2015)
10.1		Subscription Agreement, dated as of April 26, 2021, by and between FCCC, Inc. and Huijun He. (incorporated by reference to
31.1		Certification of Principal Executive Officer pursuant to Rule 13a-14(a) under the Securities Exchange Act of 1934, as amended
31.2		Certification of Principal Financial Officer pursuant to Rule 13a-14(a) under the Securities Exchange Act of 1934, as amended
32.1		Certification of Chief Executive Officer pursuant to 18 U.S.C. Sec. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
32.2		Certification of Chief Financial Officer pursuant to 18 U.S.C. Sec. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
101		The following materials from FCCC, Inc.’s Quarterly Report on Form 10-Q for the fiscal period ended December 31, 2022, as filed with the Security and Exchange Commission, formatted in iXBRL (Inline eXtensible Business Reporting Language): (i) Condensed Balance Sheets; (ii) Condensed Statements of Operations; (iii) Condensed Statements of Cash Flows; (iv) Condensed Statements of Stockholders’ Equity; and (vi) the Notes to the Condensed Financial Statements.
104		Cover Page formatted in iXBRL (included in Exhibit 101)

SIGNATURES

In accordance with Section 13 or 15(d) ~~Table~~of the Securities Exchange Act of ~~Contents~~1934, the Registrant has caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

SIGNATURES

	FCCC, INC.

Date: August 21, 2023	By:	/s/ David He
		David He
		Chief Executive Officer and Vice President
		(duly authorized officer)

Date: August 21, 2023	By:	/s/ David He
		David He
		(principal financial officer)

~~In accordance with Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.~~16

	FCCC, INC.
Date: February 7, 2023	By:	/s/ David He
		David He
		Chief Executive Officer and Vice President
		(duly authorized officer)
Date: February 7, 2023	By:	/s/ David He
		David He
		(Principal Financial Officer)

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