UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

_______________________

FORM 10-Q

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

For the quarterly period ended ~~September~~March 3031, ~~2013~~ 2014

[ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

FOR THE TRANSITION FROM ______ TO ______.

Commission File Number: 000-55002

_______________________

ARROW CARS INTERNATIONAL INC.

(Exact name of registrant as specified in its charter)

Florida		99-0374918
(State or other Jurisdiction of Incorporation or Organization)		(I.R.S. Employer Identification No.)
(State or other Jurisdiction of		(I.R.S. Employer
Calle del Escritor Herrara Santaolalla, No. 2 Churriana, Malaga, Spain		29140
Incorporation or Organization)		Identification No.)
Calle del Escritor Herrara Santaolalla, No. 2
Churriana, Malaga, Spain		29140
(Address of principal executive offices)		(Zip code)

Registrant’s telephone number: + (~~0034~~34) 952623297

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

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

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

Large accelerated filer [ ]		Accelerated filer [ ]
Non-accelerated filer [ ]		Smaller reporting company [X]

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

APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS

DURING THE PRECEDING FIVE YEARS

Indicate by check mark whether the registrant filed all documents and reports required to be filed by Section 12, 13 or 15(d) of the Exchange Act after the distribution of securities under a plan confirmed by a court. Yes [ ] No [ ]

APPLICABLE ONLY TO CORPORATE ISSUERS

State the number of shares outstanding of each of the issuer’s classes of common equity, as of the latest practicable date: As of ~~November~~September 623, ~~2013~~2014, there were 30,450,000 outstanding shares of the Registrant’s Common Stock, $.001 par value.

	INDEX
		Page
PART I – FINANCIAL INFORMATION		F-1
Item 1.	Financial Statements.	F-1
	Notes to Financial Statements (Unaudited)	F-5
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	3
Item 3.	Quantitative and Qualitative Disclosures about Market Risk	6
Item 4.	Controls and Procedures	6
PART II – OTHER INFORMATION		7
Item 1.	Legal Proceedings.	7
Item 1A.	Risk Factors	8
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	8
Item 3.	Defaults Upon Senior Securities	8
Item 4.	Mine Safety Disclosure	8
Item 5.	Other Information.	8
Item 6.	Exhibits	8
	SIGNATURES	10

INDEX

		Page

PART I – FINANCIAL INFORMATION		F-1

Item 1. Financial Statements.		F-1

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations		4

Item 3. Quantitative and Qualitative Disclosures about Market Risk		8

Item 4. Controls and Procedures		8

PART II – OTHER INFORMATION		10

Item 1. Legal Proceedings.		10

Item 1A. Risk Factors		10

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds		10

Item 3. Defaults Upon Senior Securities		10

Item 4. Mine Safety Disclosure		10

Item 5. Other Information.		10

Item 6. Exhibits		11

SIGNATURES		12

PART I –- FINANCIAL INFORMATION

Item 1. Financial Statements.

~~Arrow Cars International Inc and subsidiary~~CONTENTS

Consolidated Balance Sheets

		Page(s)

Consolidated Balance Sheets – March 31, 2014 (Unaudited) and December 31, 2013		F-1

Consolidated Statements of Operations and Comprehensive Income (Loss) for three Months ended March 31, 2014 and 2013 (Unaudited)		F-2

Consolidated Statement of Changes in Stockholders’ Equity (Deficit) for the three Months ended March 31, 2014 (Unaudited)		F-3

Consolidated Statements of Cash Flows for the three Months ended March 31, 2014 and 2013 (Unaudited)		F-4

Condensed notes to unaudited Consolidated Financial Statements		F-5

	September 30, 2013			December 31, 2012
	(Unaudited)			(Audited)
ASSETS
Cash	$	1,409		$	6,198
Accounts receivable - trade		16,852			7,940
Tax rebates receivable		26,130			3,617
Capital asset sales receivable, net of allowance for uncollectable accounts		244,015			258,754
Total Current Assets		288,406			276,508
Fixed assets
Revenue earning equipment - cars, net of accumulated depreciation		502,428			599,778
Property and equipment, net of accumulated depreciation		7,553			6,987
Lease deposits		7,166			14,730
Guarantor deposits - related party		38,248			89,656
Guarantor deposits - third party		41,912			22,676
Total fixed assets		597,307			733,826
Total Assets	$	885,713		$	1,010,335
LIABILITIES and SHAREHOLDERS’ DEFICIT
Current Liabilities
Accounts Payable	$	20,338		$	47,681
Deferred revenue - Capital asset sales		46,810			44,042
Leasing contracts - current		31,263			143,985
Lines of credit		582,967			582,607
Deposits on rental cars		9,893			21,770
Due to shareholders		72,625			41,431
Due to third parties		20,032			15,878
Salaries payable		4,627			5,348
Taxes payable		99,685			51,589
Total Current Liabilities		888,241			954,331
Long Term Liabilities
Secured loans		34,363			47,002
Leasing contracts		257,751			267,400
Total Long Term Liabilities		292,114			314,402
Total liabilities		1,180,355			1,268,733
Common stock; 100,000,000 authorized; $0.001 par value; 30,450,000 and 30,450,000 issued and outstanding as per September 30, 2013 and December 31, 2012 respectively.		30,450			30,450
Additional paid in capital		145,145			145,145
Accumulated deficit		(466,406	)		(423,390	)
Other comprehensive (Loss) / Gain		(3,831	)		(10,603	)
Total Shareholders’ Deficit		(294,642	)		(258,398	)
Total Liabilities and Shareholders´ Deficit	$	885,713		$	1,010,335

~~The~~Arrow ~~accompanying~~Cars ~~notes~~International ~~are~~Inc. anand ~~integral part of these consolidated financial statements.~~Subsidiary

~~F-1~~Consolidated Balance Sheets

Arrow Cars International Inc and subsidiary

	March 31, 2014			December 31, 2013
	(Unaudited)
ASSETS
Current Assets
Cash		5,308			3,366
Accounts receivable - trade		-			3,545
Prepayments		7,499			1,138
Sales type capital lease receivables - Current		141,349			81,090

Total Current Assets		154,156			89,139

Sales type capital lease receivables, net of allowance for uncollectible accounts - Non Current		58,587			155,491
Tax rebates receivable		1,492			-
Lease deposits		7,289			7,296
Bank compensating balances		-			42,675

Total Other Assets		67,368			205,462

Revenue earning equipment - cars, net of accumulated depreciation		504,908			473,566
Property and equipment, net of accumulated depreciation		7,240			7,691

Total Fixed Assets		512,148			481,257

Total Assets		733,672			775,858

LIABILITIES and SHAREHOLDERS’ EQUITY (DEFICIT)

Current Liabilities
Bank Overdraft		-			2,081
Accounts Payable		13,155			3,455
Payment received in advance - Easy Car Leasing		50,964			27,158
Unearned interest on sales type capital leases		37,186			42,169
Lines of credit		521,487			530,071
Auto finance loans - Current		105,119			151,268
Customer security deposits on rental cars		12,199			12,758
Due to relates parties		136,373			80,728
Due to third parties - Current		28,808			20,648
Accrued salaries		10,315			12,672
Accrued sales and payroll taxes payable		59,522			85,618
Secured Loans-Current		24,224			-

Total Current liabilities		999,352			968,625

Long Term Liabilities
Secured loans		69,812			99,005
Auto finance loans		111,415			120,119
Due to third parties		-			19,098

Total Long Term liabilities		181,227			238,222

Total liabilities		1,180,579			1,206,847

Commitments and contingencies (Note 6)

Shareholders Equity (Deficit)
Common stock, $0,001 par value, 100,000,000 shares authorized, 30,450,000 and 30,450,000 shares issued and outstanding at March 31, 2014 and December 31, 2013 respectively.		30,450			30,450
Additional paid in capital		145,145			145,145
Accumulated deficit		(610,148	)		(586,377	)
Accumulated other comprehensive (Loss) / Gain		(12,354	)		(20,207	)

Total shareholders’ equity (deficit)		(446,907	)		(430,989	)

Total Liabilities and Shareholders’ Equity (Deficit)		733,672			775,858

~~Consolidated~~The ~~Statement~~accompanying notes are an integral part of ~~Operations~~these unaudited consolidated financial statements.

	Three Months			Three Months			Nine Months			Nine Months
	September 30, 2013			September 30, 2012			September 30, 2013			September 30, 2012
	(Unaudited)			(Unaudited)			(Unaudited)			(Unaudited)
Revenues
Car Rental Income	$	109,160		$	123,917		$	351,847		$	390,547
Total Revenues		109,160			123,917			351,847			390,547
Cost of Rental Sales		22,434			37,411			62,143			102,343
Total Cost of Sales		22,434			37,411			62,143			102,343
Gross profit		86,726			86,507			289,705			288,204
Operating Expenses
General and Administrative		90,022			114,394			290,168			336,569
Depreciation		9,879			11,509			37,886			37,929
Total operating expenses		99,901			125,903			328,055			374,498
Loss before other Income (Expenses)		(13,176	)		(39,396	)		(38,350	)		(86,294	)
Other income (expenses)
Auto Sales - Net (including Deferred Revenue)	$	9,635		$	60,348		$	28,947		$	129,536
Bad debt expense		-			-			1,606			-
Interest Income		143			1,942			3,778			2,543
Interest Expense		12,738			14,238			35,784			40,900
Exchange Rate Difference		-			-			-			156
Total other (Income) and Expenses	$	2,959		$	48,052		$	4,666		$	91,023
Net loss before provision for Income Tax		(16,135	)		8,656			(43,016	)		4,729
Provision for Income Taxes		-			-			-			-
Net loss	$	(16,135	)	$	8,656		$	(43,016	)	$	4,729
Basic and Diluted loss per Share	$	(0.00	)	$	0.00		$	(0.00	)	$	0.00
Basic and Diluted Weighted Average Number of Shares Outstanding		30,450,000			30,450,000			30,450,000			18,685,602

F-1

~~The~~Arrow ~~accompanying~~Cars ~~notes~~International ~~are~~Inc. anand ~~integral part of these consolidated financial statements.~~Subsidiary

~~F-2~~Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited)

Arrow Cars International Inc and subsidiary

	Three Months			Three Months
	March 31, 2014			March 31, 2013

Revenues
Car rental and ancillary income	$	81,807		$	118,392

Total Revenues		81,807			118,392

Operating Expenses
Cost of rental revenues (exclusive of depreciation presented below)		32,946			24,806
General and Administrative		68,542			77,330
Depreciation		9,535			10,362

Total operating expenses		111,023			112,498

Loss before other income (expenses)		(29,216	)		5,894

Other income (expenses):
Net gains and earned interest on sales type capital leases	$	5,910		$	9,557
Bad debt expense (recovery) on sales-type capital leases		2,259			(12,992	)
Other income		12,903			-
Interest income		42			256
Interest expense		(15,669	)		(11,001	)

Total other income and (expenses), net	$	5,445		$	(14,180	)

Net loss before provision for income taxes:		(23,771	)		(8,286	)

Provision for income taxes		-			-

Net loss	$	(23,771	)	$	(8,286	)

Other Comprehensive Income (Loss):
Unrealized foreign currency translation gain (loss)		7,853			-

Comprehensive Loss	$	(15,918	)	$	(8,286	)

Basic and Diluted loss per Share	$	(0.00	)	$	(0.00	)

Basic and Diluted Weighted Average Number of Shares Outstanding		30,450,000			30,450,000

~~Statement~~The accompanying notes are an integral part of ~~Cash~~these ~~Flows~~unaudited consolidated financial statements.

	September 30, 2013			September 30, 2012
	(Unaudited)			(Unaudited)
Cash Flows from Operating Activities
Net loss	$	(43,016	)	$	4,729
Depreciation		37,886			120,064
Issuance of stock for services		-			3,000
Adjustments to reconcile net loss to net cash provided (used in) operating activities:
Changes in Operating Assets and Liabilities:
Accounts receivable - trade	$	(8,912	)	$	1,270
Tax rebates receivable		(22,514	)		8,093
Capital asset sales receivable		14,739			(253,693	)
Lease deposit		7,565			93
Guarantor deposits - related party		51,407			701
Guarantor deposits - third party		(19,235	)		5,319
Accounts payable		(27,344	)		(17,176	)
Deferred revenue - Capital asset sales		2,769			-
Deposits on rental cars		(11,877	)		4,400
Due to shareholders		31,194			(1,644	)
Due to third party		4,153			(10,895	)
Salaries payable		(721	)		(659	)
Taxes payable		48,096			20,106
Net cash provide by (used in) operating activities:	$	64,191		$	(116,293	)
Cash Flows from Investing Activities
Property and Equipment		(566	)		-
Revenue Earning Assets - Cars		59,463			(7,093	)
Net cash provided by investing activities:	$	58,897		$	(7,093	)
Cash Flows from Financing Activities:
Proceeds - line of credit, net		361			(91	)
Payments - Secured Loans		(12,639	)		(13,011	)
Proceeds (Payments) - Leasing Contracts		(122,371	)		67,203
Proceeds from common stock sold		-			80,500
Net cash provided by (used in) financing activities:	$	(134,649	)	$	134,601
Other comprehensive (Loss) / Gain		6,772			(445	)
Net decrease in cash		(4,789	)		10,770
Cash at Beginning of Year		6,198			7,517
Cash at End of the Period	$	1,409		$	18,287
Supplementary Cash Flow Information:
Interest Paid	$	35,784		$	41,003
Taxes Paid	$	-		$	-
Allowance for bad debt	$	-		$	-

F-2

~~The~~Arrow ~~accompanying~~Cars ~~notes~~International ~~are~~Inc. anand ~~integral part of these consolidated financial statements.~~Subsidiary

~~F-3~~Consolidated Statement of Changes in Stockholders’ Equity (Deficit) (Unaudited)

~~Arrow Cars~~For ~~International~~the ~~Inc~~three ~~and~~months ended ~~subsidiary~~March 31, 2014

Consolidated Statement of Stockholders’ Deficit

										Other			Total
	Common Stock				Additional		Accumulated			comprehensive			Stockholders’
	Shares		Amount		Paid in Capital		Deficit			(Loss)/Gain			Equity (Deficit)

December 31, 2013		30,450,000	$	30,450	$	145,145		(586,377	)	$	(20,207	)	$	(430,989	)

Net loss		-		-		-		(23,771	)		-			(23,771	)

Other comprehensive gain (loss)		-		-		-		-			7,853			7,853

March 31, 2014		30,450,000	$	30,450	$	145,145		(610,148	)	$	(12,354	)	$	(446,907	)

	Common Stock				Additional			Accumulated			Other comprehensive			Total Stockholders’
	Shares		Amount		Paid in Capital			Deficit			(Loss) / Gain			Defict
December 31, 2010		27,000,000	$	27,000	$	65,095		$	(29,158	)	$	1,639		$	64,576
Net Loss		-		-		-			(318,607	)		-			(318,607	)
Exchange rate gain / loss		-		-		-			-			(1,639	)		(1,639	)
December 31, 2011		27,000,000	$	27,000	$	65,095		$	(347,765	)	$	-		$	(255,670	)
Common stock issued for services		3,000,000		3,000		-			-			-			3,000
Common stock sold at $0.20		450,000		450		89,550			-			-			90,000
Successor losses pre-Reverse Capitalization		-		-		(9,500	)		-			-			(9,500	)
Net Loss		-		-		-			(75,625	)		-			(75,625	)
Other comprehensive Loss		-		-		-			-			(10,603	)		(10,603	)
December 31, 2012		30,450,000	$	30,450	$	145,145		$	(423,390	)	$	(10,603	)	$	(258,398	)
Net loss		-		-		-			(43,016	)		-			(43,016	)
Other comprehensive Loss		-		-		-			-			6,772			6,772
September 30, 2013		30,450,000	$	30,450	$	145,145		$	(466,406	)	$	(3,831	)	$	(294,642	)

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

~~The accompanying notes are an integral part of these consolidated financial statements.~~F-3

~~F-4~~Arrow Cars International Inc. and Subsidiary

~~ARROW~~Consolidated Statements ~~CARS~~of ~~INTERNATIONAL~~Cash ~~INC~~Flows ~~AND SUBSIDIARY~~(Unaudited)

NOTES TO THE FINANCIAL STATEMENTS

	March 31, 2014			March 31, 2013

Operating activities:
Net income (loss)	$	(23,771	)		(8,287	)

Adjustments to reconcile net loss to cash provided by (used in) operating activities:

Depreciation		9,535			10,362
Bad debt expense (recovery)		(2,259	)		12,992
Gain on sale type capital lease		(5,910	)		-
Gain on repossession		(1,311	)		-

Changes in assets and liabilities:

Accounts receivable		3,528			2,848
Prepayments		(6,360	)		-
Sales type capital lease receivable		52,107			1,070
Tax rebates receivable		(1,487	)		(206	)
Lease deposits		-			(404	)
Accounts payable		9,679			9,206
Payments received in advance		23,747			-
Unearned interest on sales type capital lease		(4,922	)		2,864
Customer security deposits		(545	)		7,573
Accrued salaries		(2,336	)		(4,429	)
Accrued taxes		(25,915	)		(18,678	)
Other current liabilities		-			(38	)

Net cash provided by (used in) operating activities	$	23,780			14,873

Investing activities:

Proceeds from sales-type leases of revenue earning equipment, net of car purchase		(47,155	)		(50,682	)
Property and Equipment		-			(192	)
Net cash provided by (used in) investing activities	$	(47,155	)		(50,874	)

Financing activities:

Auto finance loans		(54,378	)		29,363
Secured Loans		(4,851	)		5,611
Lines of credit		(8,016	)		38,109
Advances from related parties, net		55,454			(8,335	)
Advances from third parties, net		(10,856	)		3,368
Bank overdraft		(2,072	)		-
Bank compensating balances		42,476			-

Net cash provided by (used in) financing activities	$	17,757			68,116

Effect of exchange rate changes on cash		7,560			(22,429	)

Net increase (decrease) in cash		1,942			9,686

Cash, beginning of the period		3,366			6,198

Cash, end of the period	$	5,308			15,884

Supplementary Cash Flow Information:
Interest Paid	$	15,669		$	11,001
Income tax paid	$	-		$	-

Supplementary disclosure of non-cash Investing and Financing activities:
Repossessed cars recorded at fair value	$	8,581		$	-

~~SEPTEMBER~~The ~~30,~~accompanying ~~2013~~notes ~~AND~~are ~~SEPTEMBER~~an ~~30,~~integral ~~2012~~part of these unaudited consolidated financial statements.

~~Note 1~~ F- ~~Background~~4

AARROW ~~summary~~CARS ofINTERNATIONAL ~~the~~INC. ~~significant~~AND ~~accounting policies consistently applied in the preparation of the accompanying consolidated financial statements follows:~~SUBSIDIARY

~~Arrow~~CONDENSED ~~Cars~~NOTES ~~International~~TO ~~Inc.~~UNAUDITED ~~(“Successor”,~~CONSOLIDATED ~~“Company”,~~FINANCIAL or “ACI”) a private company, was organized under the laws of Florida on March 8 2012. Arrow Cars SL (“ACSL” or “Predecessor”) a private limited company, was organized under the laws of Spain on January 21, 2008. On April, 1, 2012, Arrow Cars SL executed a reverse recapitalization with Arrow Cars International Inc. See Note 3. ACI (Successor) is a holding company that conducts operations through its wholly owned subsidiary ACSL (Predecessor). The company’s business model, described below, involves leasing and rent-to-own concepts Clients may go through a website called www.AutoOasis.com or walk-in to the offices to conduct transactions. STATEMENTS

~~The~~MARCH ~~Company’s~~31, ~~brand name is AutoOasis and the vehicles are leased and/or sold under this identity. The process works as follows:~~2014

Note 1. AOrganization ~~new~~and ~~vehicle~~Nature ~~is provided by the AutoOasis “Easy Car Leasing” service. For twelve months the vehicle will be used for longer term, flexible rentals~~ of ~~28 day minimum duration periods. The client may extend the rental or return the car without penalty. This feature is for clients that do not wish to purchase the vehicle.~~Operations

2Arrow Cars International Inc. ~~Once~~(“ACI”) ~~the~~a ~~vehicle~~private ~~surpasses~~company, was organized under the ~~“Easy~~laws ~~Car~~of ~~Leasing”~~Florida ~~phase~~on ~~(12~~March to8, 362012. ~~month~~Arrow Cars ~~period~~SL (“ACSL”) a private limited company, was organized under the ~~Company~~laws ~~transfers~~of itSpain toon ~~the~~January ~~Extended~~21, ~~Leasing~~2008. ~~service~~On ~~and~~April, ~~substantially~~4, 2012, ~~“sells”~~Arrow Cars SL executed a reverse recapitalization with Arrow Cars International Inc. The consolidated entity is referred to as “the ~~car~~Company”. ~~under~~ACI is a holding company that conducts operations through its wholly owned subsidiary ACSL. The company’s business model, described below, involves leasing and rent-to-own 36concepts. ~~month~~The ~~contract~~Company’s clients, who are based in Spain, may go through a website called www.AutoOasis.com or walk-in to the offices to conduct transactions.

3.The Company’s ~~When~~brand ~~the~~name 36is ~~month~~“Auto ~~rent-to-own~~Oasis” ~~contract~~and ~~expires,~~ the ~~customer~~vehicles ~~may~~are ~~either~~leased ~~keep~~and/or ~~the~~sold ~~vehicle~~under asthis itidentity. ~~will~~The ~~have~~process works ~~been~~as ~~paid in full, or,~~follows:

41. ~~Return~~A new vehicle is provided by the “Auto Oasis Easy Car Leasing” service. Generally, the car will be rented for 36 months. The cars are rented for 28 day minimum duration periods. The client may extend the rental or return the car without penalty. This feature is for clients that do not wish to ~~AutoOasis~~purchase the vehicle. 2. Once the car surpasses the “Easy Car Leasing” phase which is generally a 36 month period, the Company transfers the vehicle to the Extended Leasing service and substantially “sells” the car under a rent-to-own generally 36 month contract. 3. When the rent-to-own contract expires and the last quota is paid, the title of ownership is transferred to the client. The client may opt to return the car to “Auto Oasis”, using the vehicle as a deposit for a newer rent-to-own car and continue to pay monthly Rent to Own lease payments generally for an additional 36 months. 4. Returned Extended Lease vehicles are restored and “re-sold” continuing the lease revenue generally for an additional 36 month term.

5On December 16, 2010, the Company executed an agreement with GEP Partners Plc., ~~Returned~~a ~~Extended~~public ~~Lease~~limited ~~vehicles~~company ~~are~~based ~~restored~~in the United Kingdom. GEP Partners agreed to act as financial advisor in assisting the Company to merge with a fully listed, compliant, and ~~“re-sold”~~registered company ~~continuing~~listed on the ~~lease~~OTCBB ~~revenue~~in ~~for~~the anUnited ~~additional~~States. 36In ~~month~~exchange, ~~term~~the Company agreed to pay $135,000 in fees which were expensed in the respective years and exchange 3,000,000 shares of the company’s equity. In March 2012, it was mutually agreed that the Company would be acquired by a private Florida corporation and subsequently file a registration statement with the SEC.

OnNote ~~December 16, 2010, the Company executed an agreement with GEP Partners Plc~~2., aGoing ~~public limited company based in the United Kingdom. GEP Partners agreed to act as financial advisor in assisting the Company to merge with a fully listed~~Concern, ~~compliant,~~Basis ~~and~~of ~~registered company~~Presentation ~~listed on the OTCBB in the United States. In exchange, the Company agreed to pay $135,000 in fees~~ and ~~exchange~~Summary ~~3,000,000 company’s equity at a valuation~~ of ~~$0.001~~Significant ~~per~~Accounting ~~share. In March 2012, it was mutually agreed that the Company would be acquired by a private Florida corporation and subsequently file a registration statement with the SEC.~~Policies

~~F-5~~Going Concern

~~ARROW~~As reflected ~~CARS~~in the accompanying consolidated financial statements, the Company had a loss of $23,771 for the three months ended ~~INTERNATIONAL~~March ~~INC~~31, ~~AND~~2014 ~~SUBSIDIARY~~and a working capital deficit of $845,196, an accumulated deficit of $610,148 and a total stockholders’ deficit of $446,907 as of March 31, 2014. These factors raise substantial doubt about the Company’s ability to continue as a going concern.

~~NOTES~~ The ability TOof the Company to continue its operations is dependent on Management’s plans, which include the raising of capital ~~THE~~through ~~FINANCIAL~~debt ~~STATEMENTS~~and/or equity markets until such time that funds provided by operations are sufficient to fund working capital requirements. The Company may need to incur liabilities with certain related parties to sustain the Company’s existence.

~~SEPTEMBER~~In ~~30,~~the ~~2013~~event ~~AND~~that ~~SEPTEMBER~~operating 30cash flows are slowed or nonexistent, ~~2012~~the Company plans to reduce its overhead wherever possible.

~~Note 2~~ F- ~~Basis of Presentation and Recently Issued Accounting Pronouncements~~5

~~Basis~~ARROW ofCARS ~~Presentation~~INTERNATIONAL INC. AND SUBSIDIARY

~~Arrow~~CONDENSED ~~Cars~~NOTES ~~International~~TO ~~Inc~~UNAUDITED ~~and~~CONSOLIDATED ~~its~~FINANCIAL fully owned subsidiary provide long term car rental services to businesses and consumers in Spain. The accompanying Financial Statements include the accounts and transactions of ACSL (Predecessor) and ACI (Successor).STATEMENTS

InMARCH ~~presenting the Financial Statements in accordance with accounting principles generally accepted in the United States~~31, management makes estimates and assumptions that affect the amounts reported and related disclosures. Estimates, by their nature, are based on judgment and available information. Accordingly, actual results could differ from those estimates.2014

~~Accounting~~Depending ~~Principles~~upon market conditions, the Company may not be successful in raising sufficient additional capital to achieve its business objectives. In such event, the business, prospects, financial condition, and results of operations could be materially adversely affected.

The ~~Company’s~~accompanying ~~Financial~~consolidated ~~Statements~~financial statements have been prepared inon ~~accordance~~a ~~with~~going ~~accounting~~concern ~~principles~~basis, ~~generally~~which ~~accepted~~contemplates the realization of assets and the satisfaction of liabilities in the ~~United~~normal course of business. These consolidated financial statements do not ~~States~~include any adjustments relating to the recovery of ~~America~~the ~~(“GAAP”)~~recorded assets or the classification of the liabilities that might be necessary should the Company be unable to continue as a going concern.

~~Cash~~Basis ~~Equivalents~~of Presentation

~~Cash~~The ~~equivalents~~Company’s ~~include~~consolidated ~~all highly liquid investments with an original maturity of three months or less. We maintain cash and cash equivalents at several Spanish~~ financial ~~institutions~~statements ~~whereby~~have ~~the~~been ~~balances~~prepared ~~are~~in ~~not~~accordance ~~insured.~~with ~~However,~~accounting weprinciples ~~have~~generally ~~not experienced any~~accepted ~~losses~~ in ~~such~~the ~~accounts~~United ~~and~~States ~~believe we are not exposed to any significant credit risks on such accounts. As~~ of ~~September~~America ~~30, 2013 and September 30, 2012, there were no cash equivalents~~(“GAAP”).

~~Use~~Management acknowledges its responsibility for the preparation of ~~Estimates~~the accompanying interim financial statements which reflect all adjustments, consisting of normal recurring adjustments, considered necessary in its opinion for a fair statement of its financial position and ~~Assumptions~~the results of its operations for the interim period presented. These financial statements should be read in conjunction with the summary of significant accounting policies and notes to financial statements included in the Company’s Form 10-K annual report for the year ended December 31, 2013. The accompanying unaudited financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (the “U.S.”) for interim financial information and with the instructions to Form 10-Q and Article 8-03 of Regulation S-X. Operating results for interim periods are not necessarily indicative of results that may be expected for the fiscal year as a whole.

~~The~~Principles ~~use~~ of estimates and assumptions as determined by management is required in the preparation of the Financial Statements in conformity with GAAP. These estimates are based on management’s evaluation of historical trends and other information available when the Financial Statements are prepared. Changes in estimates are recognized in accordance with the accounting rules for the estimate. Actual results could differ from those estimates.Consolidation

~~Revenue~~The ~~Earning~~consolidated ~~Equipment~~financial statements include the accounts of the Company and its wholly-owned subsidiary. All intercompany transactions and balances have been eliminated in consolidation.

~~Revenue~~Foreign ~~earning~~Currency ~~equipment~~Translation ~~is carried at cost, net of accumulated depreciation. Depreciation for vehicles is calculated on a straight line basis according to GAAP~~ and ~~assumes~~Comprehensive aIncome ~~residual salvage value.~~(Loss)

~~Revenue~~The ~~Recognition~~Company’s functional currency is the Euro. For financial reporting purposes, the Euro has been translated into United States dollars ($) and/or USD as the reporting currency. Assets and liabilities are translated at the exchange rate in effect at the balance sheet date. Revenues and expenses are translated at the average rate of exchange prevailing during the reporting period. Equity transactions are translated at each historical transaction date spot rate. Translation adjustments arising from the use of different exchange rates from period to period are included as a component of stockholders’ equity (deficit) as “accumulated other comprehensive income (loss).” Gains and losses resulting from foreign currency transactions are included in the statement of operations and comprehensive loss as other income (expense). There have been no significant fluctuations in the exchange rate for the conversion of Euros to USD after the latest balance sheet date.

~~Revenue~~Comprehensive ~~from~~loss ~~newer vehicles leased~~ from ~~the~~December ~~Company~~31, in2013 ~~conjunction~~through ~~with~~March ~~the~~31, ~~shorter term leases~~2014, isincludes ~~recognized~~only ~~when~~foreign ~~the~~currency ~~lease~~translation ~~agreement is~~gains ~~signed in conjunction with the following:~~(losses).

~~· Persuasive evidence of an arrangement exists.~~F-6

·ARROW CARS ~~Delivery~~INTERNATIONAL ~~has~~INC. ~~occurred~~AND ~~or services have been rendered.~~SUBSIDIARY

·CONDENSED NOTES ~~The~~TO ~~seller’s~~UNAUDITED ~~price~~CONSOLIDATED toFINANCIAL ~~the buyer is fixed or determinable.~~STATEMENTS

·MARCH 31, ~~Collectability is reasonably assured using management´s estimates and empirical evidence through various years of experience.~~2014

~~F-6~~Changes in Accumulated Other Comprehensive Income (Loss) by Component for the three months ended March 31, 2014 were as follows:

ARROW CARS INTERNATIONAL INC AND SUBSIDIARY

Foreign Currency

Balance, December 31, 2013	$	(20,207	)

Translation rate gain (loss)		7,853

Balance, March 31, 2014	$	(12,354	)

~~NOTES~~Use of ~~TO THE FINANCIAL STATEMENTS~~Estimates

~~SEPTEMBER~~In 30presenting the consolidated financial statements in accordance with accounting principles generally accepted in the United States, management ~~2013~~makes ~~AND~~estimates ~~SEPTEMBER~~and 30assumptions that affect the amounts reported and related disclosures. Estimates, ~~2012~~by their nature, are based on judgment and available information. Accordingly, actual results could differ from those estimates. Significant estimates during the periods presented include allowances on receivables, depreciation life on revenue earning equipment-cars, unearned interest on sales type capital leases and valuation allowances on deferred tax assets.

InFair ~~connection~~Value ~~with~~Measurements ~~the~~and ~~lease/purchase~~Fair ~~feature,~~Value ~~revenue is recognized upon execution~~ of ~~the~~Financial ~~agreement which provides for non-refundable thirty-six month lease terms. Generally, the customer has the right to acquire title through payment of all required lease payments.~~Instruments

~~Deferred~~Fair ~~Revenue~~value is the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants. The Company classifies assets and liabilities recorded at fair value under the fair value hierarchy based upon the observability of inputs used in valuation techniques. Observable inputs (highest level) reflect market data obtained from independent sources, while unobservable inputs (lowest level) reflect internally developed market assumptions. The fair value measurements are classified under the following hierarchy:

~~The Company~~● ~~has~~Level ~~made~~1—Observable ainputs ~~provision~~that ~~for~~reflect ~~possible~~quoted ~~bad~~market ~~debt~~prices on(unadjusted) ~~the~~for ~~capital~~identical assets ~~sold~~and ~~during~~liabilities ~~the~~in ~~period~~active ~~ended~~markets; ~~September~~● 30Level 2—Observable inputs, ~~2013~~other ~~hence deferring~~than ~~10%~~quoted ofmarket prices, that are either directly or indirectly observable in the ~~revenues~~marketplace ~~until~~for ~~such~~identical aor ~~time~~similar assets and liabilities, quoted prices in markets that ~~the~~are ~~“Rent~~not toactive, ~~Own”~~or ~~contracts~~other inputs that are ~~complete~~observable ~~paid~~or ~~and~~can ~~title~~be corroborated by observable market data for substantially the full term of the ~~vehicle~~ isassets ~~passed~~and ~~over~~liabilities; and ● Level 3—Unobservable inputs that are supported by little or no market activity that is significant to the ~~client~~fair value of assets or liabilities.

~~Allowance~~The ~~for~~estimated ~~doubtful~~fair value of certain financial instruments, including cash and cash equivalents, accounts receivable, accounts payable and accrued expenses are carried at historical cost basis, which approximates their fair values because of the short-term nature of these instruments.

~~The Company has made a provision for possible non collectability of the capital asset sales receivable and allocated 5% of these receivables to an allowance account.~~F-7

~~Property~~ARROW ~~and~~CARS ~~Equipment~~INTERNATIONAL INC. AND SUBSIDIARY

~~Property~~CONDENSED ~~and~~NOTES ~~equipment~~TO ~~(including~~UNAUDITED ~~leasehold~~CONSOLIDATED ~~improvements)~~FINANCIAL are stated at cost, net of accumulated depreciation and amortization. Depreciation is computed utilizing the straight-line method over the estimated useful lives of the related assets. Amortization of leasehold improvements is computed utilizing the straight-line method over the estimated benefit period of the related assets, which may not exceed 20 years, or the lease term, if shorter.STATEMENTS

~~Useful~~MARCH ~~lives~~31, ~~are as follows:~~2014

Buildings		39 years
Furniture, fixtures & equipment		3 to 10 years
Capitalized software		3 to 7 years
Buses and support vehicles		4 to 15 years
Revenue earning assets - Cars		1 to 4 years

Cash Equivalents

~~Impairment~~Cash equivalents include all highly liquid investments with an original maturity of ~~Long-Lived~~three ~~Assets~~months or less. We maintain cash and cash equivalents at several Spanish financial institutions whereby the balances are insured under Spanish Law up to 100,000 Euros. We maintain cash and cash equivalents in one US bank. However, we have not experienced any losses in such accounts and believe we are not exposed to any significant credit risks on such accounts. As of March 31, 2014 and December 31, 2013, there were no cash equivalents.

~~The~~Restricted ~~Company~~Cash ~~is required to assess goodwill and other indefinite~~-~~lived~~ ~~intangible~~Bank ~~assets~~compensating for impairment annually, or more frequently if circumstances indicate impairment may have occurred. The Company performs its annual impairment assessment in the fourth quarter of each year at the reporting unit level. If the carrying value of an intangible asset exceeds its fair value, an impairment loss is recognized in an amount equal to that excess.balances

~~The~~Our ~~Company~~lenders ~~assesses~~may ~~goodwill~~require ~~for~~us ~~such~~to ~~impairment~~maintain bycompensating ~~comparing~~balances ~~the~~at ~~carrying~~their ~~value~~institution ofas ~~each~~a ~~reporting~~guarantee ~~unit to its fair value using the present value~~ of ~~expected~~amounts ~~future~~we ~~cash~~borrow ~~flows~~from them. ~~When available and as appropriate, comparative market multiples and other factors~~These amount are ~~used~~considered tonon-current ~~corroborate the discounted cash flow results~~assets.

~~F-7~~Revenue Earning Equipment

~~ARROW~~Revenue earning ~~CARS~~equipment is carried at cost, net of accumulated depreciation. Depreciation for vehicles is calculated on a straight line ~~INTERNATIONAL~~basis ~~INC~~and ~~AND~~assumes ~~SUBSIDIARY~~a residual salvage value of 85% of the purchase price based on typical sales prices in the rent-to-own program.

~~NOTES TO~~Revenue ~~THE FINANCIAL STATEMENTS~~Recognition

~~SEPTEMBER~~Revenues ~~30,~~from ~~2013~~our ~~AND~~Easy ~~SEPTEMBER~~Car ~~30,~~Leasing ~~2012~~Program are recognized after the lease agreement is executed by both parties in conjunction with the following:

~~The Company~~● ~~also~~Persuasive ~~evaluates~~evidence ~~the recoverability~~ of ~~its~~an ~~other~~arrangement ~~long-lived~~exists. ~~assets,~~● ~~including~~Delivery ~~amortizable~~has ~~intangible~~occurred ~~assets,~~or ifservices ~~circumstances indicate impairment may~~ have ~~occurred~~been rendered. ~~This~~● ~~analysis~~The isseller’s ~~performed~~price byto ~~comparing~~ the ~~respective~~buyer ~~carrying~~is ~~values~~fixed ofor ~~the assets to the expected future cash flows, on an undiscounted basis, to be generated from such assets~~determinable. ~~Property~~● ~~and~~Collectability ~~equipment~~ is ~~evaluated separately~~reasonably ~~within~~assured ~~each~~using ~~segment.~~management’s Ifestimates ~~such~~and ~~analysis~~empirical ~~indicates~~evidence ~~that~~through ~~the~~various ~~carrying~~years ~~value~~ of ~~these assets is not recoverable, the carrying value of such assets is reduced to fair value~~experience.

~~Advertising~~Specifically ~~Expenses~~we recognize revenues from the leases pro rata as earned over the lease term. Payments received in advance of the lease period are recorded as “payments made in advance-Easy Car Leasing” a liability, and recognized as revenue when earned. Revenues from ancillary services such as car repairs upon lease termination and repairs and insurance for the rent-to-own cars are recognized as the services are provided.

~~Advertising~~The ~~costs~~Company ~~are~~reports ~~generally~~revenues ~~expensed~~net inof ~~the~~any ~~period~~tax ~~incurred.~~assessed ~~Advertising~~by ~~expenses,~~a ~~recorded~~governmental ~~within~~authority ~~general~~that ~~and~~is ~~administrative~~both ~~expense~~ imposed on ~~our Statements of Operations, include radio, television, “yellow pages”~~ and ~~other~~concurrent ~~advertising,~~with ~~Internet~~a ~~advertising~~specific ~~and~~revenue-producing ~~other~~transaction ~~promotions~~between ~~and~~a ~~were~~seller ~~$4,231~~ and ~~$11,264~~a ~~at September 30, 2013 and September 30, 2012 respectively~~customer.

~~Taxes~~Accounts Receivable-Trade

~~The~~Accounts ~~Company~~receivable ~~accounts~~trade ~~for~~reflect ~~income~~the ~~taxes~~amounts ~~under~~due ~~the~~from ~~asset~~easy ~~and~~car ~~liability~~lease ~~method,~~customers which ~~requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that~~ have not been ~~included~~paid in ~~the financial statements~~advance. Under this method, deferred tax assets and liabilities are determined based on the differences between the financial statement and tax basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in income in the period that includes the enactment date.

~~The~~Recognition Company records net deferred tax assets to the extent it believes that it is more likely than not that these assets will be realized. In making such determination, the Company considers all available positive and negative evidence, including scheduled reversals of ~~deferred~~Gains ~~tax~~on ~~liabilities,~~Sales-Type ~~projected~~Leases ~~future~~under ~~taxable income, tax planning strategies and recent results of operations. In the event the Company were~~ Rent-to-Own ~~determine~~Leasing that it would be able to realize the deferred income tax assets in the future in excess of their net recorded amount, the Company would adjust the valuation allowance, which would reduce the provision for income taxes.Program

In connection with our Rent-to-Own leasing program the leases are treated as sales type capital leases in accordance with ASC 840 “Leases”. Accordingly, we recognize an initial gain on the sales-type capital leases, as other income upon execution of the agreement which provides for non-refundable lease terms generally for thirty-six months. The customer has the right to ~~Company~~acquire ~~reports~~title ~~revenues~~through ~~net~~payment of ~~any~~all ~~tax~~required ~~assessed~~lease bypayments. aUnearned ~~governmental~~interest ~~authority~~income, ~~that~~which is ~~both~~measured ~~imposed~~as onthe difference between the future minimum lease payments and ~~concurrent~~the ~~with~~present value of those lease payments, on the capital lease is recorded as a ~~specific~~liability ~~revenue-producing~~upon ~~transaction~~execution ~~between~~of athe ~~seller~~lease and arecognized ~~customer~~as part of the gains prospectively over the lease term.

~~Loss per Common Share~~F-8

~~Basic~~ARROW ~~earnings~~CARS ~~(loss)~~INTERNATIONAL ~~per common share are based upon the weighted average number of common shares outstanding during each period presented~~INC. ~~Diluted~~ ~~earnings~~AND per common share are based upon the weighted average number of common shares outstanding during the period, plus, if dilutive, the assumed exercise of stock options at the beginning of the year, or for the period outstanding during the year for current year issuances.SUBSIDIARY

~~New Accounting~~CONDENSED ~~Pronouncements~~NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

InMARCH ~~September 2011~~31, the FASB issued Accounting Standards Update 2011-08, Intangibles—Goodwill and Other (Topic 350): Testing Goodwill for Impairment (“ASU 2011-08”), which allows companies to waive comparing the fair value of a reporting unit to its carrying amount in assessing the recoverability of goodwill if, based on qualitative factors, it is not more likely than not that the fair value of a reporting unit is less than its carrying amount. ASU 2011-08 will be effective for annual and interim goodwill impairment tests performed for fiscal years beginning after December 15, 2011, with early adoption permissible. The adoption of this standard is not expected to have a material impact on our consolidated statement of earnings, financial condition, and statement of cash flows or earnings per share.2014

~~F-8~~Sales Type Capital Lease Receivables and Allowance for Doubtful Accounts

~~ARROW~~The Company ~~CARS~~records accounts receivable at the rent-to-own lease execution date. Such accounts receivables reflect the gross payments ~~INTERNATIONAL~~(aggregate ~~INC~~future ~~AND~~minimum ~~SUBSIDIARY~~lease payments to be received) net of the down payment due under the lease. The accounts receivable is reflected as a current or non-current asset based upon the due dates of the lease payments.

~~NOTES~~The Company TOmaintains a general provision for possible non-collectability of the sales-type capital lease receivables. Any receivables ~~THE~~that ~~FINANCIAL~~are ~~STATEMENTS~~deemed not collectible would either be written off or removed as an offset to the repossessed car.

~~SEPTEMBER~~Property ~~30,~~and ~~2013 AND SEPTEMBER 30, 2012~~Equipment

InProperty ~~June~~and ~~2011,~~equipment ~~the~~(including ~~FASB~~leasehold ~~issued~~improvements) ~~Accounting~~are ~~Standards~~stated ~~Update~~at ~~2011-05~~cost, ~~Comprehensive~~net ~~Income~~of ~~(Topic~~accumulated ~~220):~~depreciation ~~Presentation~~and ofamortization. ~~Comprehensive~~Depreciation ~~Income~~is ~~(“ASU~~computed ~~2011-05”),~~utilizing ~~which allows an entity~~ the ~~option~~straight-line tomethod ~~present~~over the ~~total~~estimated ofuseful ~~comprehensive~~lives ~~income, the components~~ of ~~net income, and~~ the ~~components~~related ofassets. ~~other~~Amortization ~~comprehensive income either in a single continuous statement~~ of ~~comprehensive income~~leasehold orimprovements ~~in two separate but consecutive statements. In both choices, an entity~~ is ~~required~~computed toutilizing ~~present~~the each component of net income along with total net income, each component of other comprehensive income along with a total for other comprehensive income, and a total amount for comprehensive income. ASU 2011straight-05line ~~eliminates~~method ~~the~~over ~~option to present~~ the ~~components~~estimated ofbenefit ~~other~~period ~~comprehensive income as part~~ of the ~~statement~~related ofassets, ~~changes~~which ~~in stockholders’ equity. The amendments to the Codification in the ASU do~~ may not ~~change the~~exceed ~~items~~20 ~~that~~years, ~~must be reported in other comprehensive income~~ or ~~when~~the anlease ~~item~~term, ofif ~~other~~shorter. ~~comprehensive~~Revenue ~~income~~earning ~~must~~assets-Cars ~~be reclassified to net income and~~ are ~~effective~~depreciated ~~for~~at ~~fiscal~~a ~~years,~~5% ~~and~~rate ~~interim~~over ~~periods within those~~ 3-years, ~~beginning after December 15, 2011, with~~based ~~early~~on ~~adoption~~an ~~permissible.~~estimated ~~The~~85% ~~adoption~~salvage ofvalue ~~ASU~~resulting ~~2011-05~~in ~~will not have~~ a ~~financial~~net ~~impact~~carrying onvalue ~~our~~equal ~~consolidated~~to ~~statement~~85% of ~~earnings, financial~~the ~~condition,~~original ~~and~~purchase ~~statements~~price ofat ~~cash~~the ~~flows~~time orthese assets ~~earnings~~are ~~per~~offered ~~share~~as rent-to-own cars.

InUseful ~~May~~lives 2011, the FASB issued Accounting Standards Update 2011-04, Fair Value Measurement (Topic 820): Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs (“ASU 2011-04”). The amendments in this ASU generally represent clarification of Topic 820, but also include instances where a particular principle or requirement for measuring fair value or disclosing information about fair value measurements has changed. This update results in common principles and requirements for measuring fair value and for disclosing information about fair value measurements in accordance with U.S. GAAP and IFRS. The amendments are ~~effective~~as for interim and annual periods beginning after December 15, 2011 and are to be applied prospectively. Early application is not permitted. The adoption of ASU 2011-04 will not have a material impact on our consolidated statement of earnings, financial condition, and statement of cash flows or earnings per share.follows:

From time to time, new accounting pronouncements are issued by the FASB or other standards setting bodies that we adopt as of the specified effective date. Unless otherwise discussed, we believe the impact of any other recently issued standards that are not yet effective are either not applicable to us at this time or will not have a material impact on our consolidated financial statements upon adoption.

Furniture, fixtures & equipment		3 to 10 years
Capitalized software		3 to 7 years
Buses and support vehicles		4 to 15 years
Revenue earning assets - Cars		3 years

~~Note~~Impairment of 3 Long-Lived ~~Reverse Recapitalization~~Assets

OnThe ~~April~~Company 1,is ~~2012,~~required ~~the~~to ~~ACI~~assess ~~(Successor)~~long-lived ~~merged~~assets ~~with~~for ~~ACSL~~impairment ~~(Predecessor)~~annually, aor ~~private~~more ~~corporation,~~frequently ~~and~~if ~~ACSL~~circumstances ~~became~~indicate ~~the~~impairment may ~~surviving~~have ~~corporation,~~ occurred. The Company performs its annual impairment assessment in athe ~~transaction~~fourth ~~treated~~quarter asof aeach ~~reverse~~year ~~recapitalization~~at the reporting unit level. ~~ACI~~If ~~did~~the ~~not~~carrying ~~have~~value ~~any~~of ~~material~~an ~~operations~~asset ~~and~~exceeds ~~majority-voting~~its ~~control~~undiscounted ~~was~~projected cash flows, an impairment loss is recognized in an ~~transferred~~amount equal to ~~ACSL~~the excess of the carrying value over the fair value.

InAdvertising the recapitalization, ACI issued 27,000,000 shares of common stock in exchange for all of ACSL’s 3,006 issued and outstanding shares of commons stock. For financial reporting purposes, the 3,006 shares have been recast to 27,000,000 shares in accordance with an exchange ratio of 8,982 for 1. The transaction resulted in ACSL’s shareholders acquiring approximately 100% control.Expenses

~~The~~Advertising ~~transaction~~costs ~~also~~are ~~required~~generally aexpensed ~~recapitalization~~in ofthe ~~ACSL~~period incurred. ~~Since~~Advertising ~~ACSL~~expenses, ~~acquired~~recorded awithin ~~controlling~~general ~~voting~~and ~~interest,~~administrative itexpense on ~~was~~our ~~deemed~~Statements ~~the~~of ~~accounting acquirer~~Operations, ~~while~~include ~~ACI~~radio, ~~was~~television, ~~deemed~~“yellow ~~the~~pages” ~~legal~~and ~~acquirer.~~other ~~The~~advertising, ~~historical~~Internet ~~financial~~advertising and ~~statements~~other ofpromotions ~~the~~and ~~Company~~were ~~are~~$1,047 ~~those~~and of$3,724 ~~ACSL~~for ~~and of~~ the ~~consolidated~~three ~~entities~~months ~~from~~ended ~~the~~March ~~date~~31, of2014 ~~recapitalization~~ and ~~subsequent~~2013, respectively.

~~F-9~~Income Taxes

~~ARROW~~The Company ~~CARS~~accounts for income taxes under the asset and liability method, which requires the recognition of deferred tax assets ~~INTERNATIONAL~~and ~~INC~~liabilities ~~AND~~for ~~SUBSIDIARY~~the expected future tax consequences of events that have been included in the financial statements. Under this method, deferred tax assets and liabilities are determined based on the differences between the financial statement and tax basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in income in the period that includes the enactment date.

~~NOTES TO THE FINANCIAL STATEMENTS~~F-9

~~SEPTEMBER~~ARROW ~~30,~~CARS ~~2013~~INTERNATIONAL INC. AND ~~SEPTEMBER 30, 2012~~SUBSIDIARY

~~Since~~CONDENSED ~~the~~NOTES ~~transaction~~TO isUNAUDITED ~~considered~~CONSOLIDATED aFINANCIAL reverse recapitalization, the presentation of pro-forma financial information was not required. All share and per share amounts have been retroactively restated to the earliest periods presented to reflect the transaction.STATEMENTS

~~Note~~MARCH 431, ~~- Vehicles and Property and Equipment~~2014

The Company’s ~~tangible~~records net deferred tax assets atto ~~September~~the 30extent it believes that it is more likely than not that these assets will be realized. In making such determination, ~~2013~~the Company considers all available positive and ~~September~~negative 30evidence, ~~2012~~including ~~consisted~~scheduled reversals of deferred tax liabilities, projected future taxable income, tax planning strategies and recent results of operations. In the event ~~following:~~the Company were to determine that it would be able to realize the deferred income tax assets in the future in excess of their net recorded amount, the Company would adjust the valuation allowance, which would reduce the provision for income taxes.

	September 30, 2013		September 30, 2012
Vehicles	$	747,415	$	871,653
Property		18,259		17,361
Subtotal		765,674		889,014
Depreciation Vehicles		244,987		237,109
Depreciation Property		10,706		2,998
Subtotal		255,692		240,107
Net Value	$	509,981	$	648,907

The Company follows the provisions of ASC 740-10, Accounting for Uncertain Income Tax Positions. When tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would be ultimately sustained. In accordance with the guidance of ASC 740-10, the benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions. Tax positions that meet the more-likely-than-not recognition threshold are measured as the largest amount of tax benefit that is more than 50 percent likely of being realized upon settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above should be reflected as a liability for unrecognized tax benefits in the accompanying consolidated balance sheets along with any associated interest and penalties that would be payable to the taxing authorities upon examination.

~~Leased~~Loss ~~vehicles~~per ~~are~~Common carried at cost, net of accumulated depreciation. Depreciation for vehicles is provided using straight line method taking into consideration the estimated residual value at the expected date of disposition.Share

~~Depreciation~~Basic ~~expense~~earnings ~~for~~(loss) per common share are based upon the weighted average number of common shares outstanding during each period ~~ending~~presented. Diluted ~~September~~earnings ~~30,~~per ~~2013~~common ~~and~~share ~~September~~are ~~30,~~based ~~2012~~upon ~~were~~the ~~$37~~weighted average number of common shares outstanding during the period,~~886~~ ~~and~~plus, if ~~$37~~dilutive,~~929~~ ~~respectively~~the assumed exercise of stock options at the beginning of the year, or for the period outstanding during the period for current year issuances.

~~Note~~New 5Accounting ~~- Debt~~Pronouncements

A)From time ~~Due~~to time, new accounting pronouncements are issued by the FASB or other standards setting bodies that we adopt as of the specified effective date. Unless otherwise discussed, we believe the impact of any other recently issued standards that are not yet effective are either not applicable to ~~Shareholders~~us at this time or will not have a material impact on our consolidated financial statements upon adoption.

~~From~~Note ~~time to time, the Company receives advances from shareholders in the normal course of business~~3. ~~As of September 30, 2013 and September 30, 2012 the Company owed shareholders $72,625 and $41,431 respectively. The advances are non~~Sales-~~interest bearing,~~Type ~~un-secured~~Capital ~~and~~Lease ~~due on demand.~~Receivables

FOnce a car surpasses the initial rental phase, the Company transfers it to the Extended Leasing service and substantially “sells” the car under a rent-10to-own contract which is generally 36 months. When this car is sold, it is removed from fixed assets and the net gain is recorded as other income under the accounting guidance for sales-type capital leases with the Company as the lessor. The Company records receivables from sales-type capital leases under our rent-to-own program. The receivables generally are payable over a period of 36 months and therefore are presented with current and non-current components on our balance sheet. The Company makes a provision for possible bad debt on these receivables. Bad debt expense (recovery) was $2,259 and $(12,992) for the three months ended March 31, 2014 and 2013, respectively.

~~ARROW CARS INTERNATIONAL INC AND SUBSIDIARY~~F-10

~~NOTES TO~~ARROW ~~THE~~CARS ~~FINANCIAL~~INTERNATIONAL ~~STATEMENTS~~INC. AND SUBSIDIARY

~~SEPTEMBER~~CONDENSED ~~30,~~NOTES ~~2013~~TO ~~AND~~UNAUDITED ~~SEPTEMBER~~CONSOLIDATED ~~30,~~FINANCIAL ~~2012~~STATEMENTS

B)MARCH 31, ~~Due to Third Party~~2014

OnSales-type ~~April~~capital ~~15,~~lease ~~2010,~~receivables ~~the~~at ~~Company~~March ~~executed~~31, an2014 ~~agreement~~and ~~with~~December a third party who provided personal guarantor loan collateral so the Company could secure financing for a fleet of cars. The third party offered his personal residence as collateral in exchange for 7% of the value of the house paid annually for three years. On April 1631, 2013, ~~this~~are ~~agreement~~as ~~was renewed for a further 12 months.~~follows:

C) Loans and Lines of Credit

	March 31, 2014			December 31, 2013
Sales type capital lease receivables – Current	$	141,349		$	81,090
Sales-type lease receivables – Non-current		69,111			168,295
Allowance for doubtful accounts		(10,524	)		(12,804	)
Sales-type capital lease receivables – non-current, net		58,587			155,491
Total Sales-type capital lease receivables, net	$	199,936		$	236,581

~~The~~Note ~~Company’s~~4. ~~“Other~~Revenue ~~debt”~~Earning ~~consists~~Equipment-Cars ofand aProperty ~~combination of leasing contracts, secured loans~~ and ~~letters of credit (overdraft facilities):~~Equipment

	September 30, 2013		September 30, 2012
Leasing Contracts
Banco Popular (various loans all maturing June 2, 2015 bearing 4.24% interest rate)	$	139,565	$	229,590
Bankinter (various loans maturing during 2014 and 2015 with varying interest rates from 3.19% to 3.96%)		140,221		168,676
Banco Santander (maturing February 15, 2015 bearing interest rate of 7.49%)		9,228		8,137
	$	289,014	$	406,403
Secured Loans
Banco Popular		34,363		50,104
	$	34,363	$	50,104
Renewable letters of Credit
Bankinter - 0799 50 000032.7		269,722		257,108
Bankinter - 0799 50 050111.4		270,398		257,108
Banco Popular - 075 0953 0050 010449		42,847		57,736
	$	582,967	$	571,952

The Company’s tangible assets at March 31, 2014 and December 31, 2013 consisted of the following:

F-11

	March 31, 2014			December 31, 2013

Cars	$	744,165		$	712,572
Property		18,572			18,591
Subtotal		762,737			731,163

Accumulated depreciation - Cars		(239,257	)		(239,007	)
Accumulated depreciation - Property		(11,332	)		(10,899	)
Subtotal		(250,589	)		(249,906	)

Net Value	$	512,148		$	481,257

~~ARROW~~Leased vehicles ~~CARS~~are carried at cost, net of accumulated depreciation. Depreciation for vehicles is provided using straight line method ~~INTERNATIONAL~~taking ~~INC~~into ~~AND~~consideration ~~SUBSIDIARY~~the estimated residual value at the expected date of disposition.

~~NOTES TO~~Depreciation ~~THE~~expense ~~FINANCIAL~~for ~~STATEMENTS~~the three months ending March 31, 2014 and March 31, 2013 was $9,535 and $10,362 respectively.

~~SEPTEMBER 30, 2013 AND SEPTEMBER 30, 2012~~F-11

~~Note~~ARROW 6CARS -INTERNATIONAL ~~Equity~~INC. AND SUBSIDIARY

A)CONDENSED NOTES ~~Common~~TO ~~Stock~~UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

~~The~~MARCH ~~Company has 100~~31,~~000,000~~ ~~authorized common shares and 30,450,000 issued and outstanding at September 30, 2013.~~2014

~~The~~Note ~~issuance~~5. ~~of the common stock to date was as follows:~~Debt

●A) OnDue ~~April 1, 2012, the Company issued 27,000,000 common shares~~ to ~~the~~Related ~~shareholders of Arrow Cars SL (predecessor) as a result of the reverse recapitalization ($0.001 per share).~~Parties

●From time Onto ~~April 4~~time, ~~2012,~~ the Company ~~issued~~receives 3advances from related parties such as officers,~~000,000~~ ~~common~~directors ~~shares~~or ~~for~~principal ~~services~~shareholders ~~rendered~~in tothe normal course of business. As of March 31, 2014 and December 31, 2013 the Company (owed shareholders and directors $0136,373 and $80,728 respectively.~~001~~ ~~per~~The ~~share)~~advances are non-interest bearing, unsecured and due on demand.

●B) OnDue ~~April 15, 2012, the Company issued 87,500 common shares at $0.20 per share~~ to ~~private~~Third ~~placement investors.~~Parties

●The amounts Ondue ~~April~~to ~~20,~~third ~~2012,~~parties ~~the~~on ~~Company~~a ~~issued~~current ~~75,000~~and ~~common~~noncurrent ~~shares~~basis atare ~~$0.20~~as ~~per share to private placement investors.~~follows:

● On April 21, 2012, the Company issued 75,000 common shares at $0.20 per share to private placement investors.

	March 31, 2014		December 31, 2013
Due to third parties - Current	$	28,808	$	20,648
Due to third parties - Non Current		-		19,098
	$	28,808	$	39,746

●C) OnAuto ~~May~~finance 9loans, ~~2012,~~secured ~~the~~loans ~~Company~~and ~~issued~~lines ~~25,000~~of ~~common shares at $0.20 per share to private placement investors.~~credit

●A summary Onof ~~May 12, 2012,~~ the ~~Company~~company’s ~~issued~~auto 12finance loans,~~500~~ ~~common~~secured ~~shares~~loans atand ~~$0.20~~letters ~~per~~of ~~share~~credit tois aas ~~private placement investor.~~follows:

● On May 23, 2012, the Company issued 50,000 common shares at $0.20 per share to private placement investors.

	March 31, 2014			December 31, 2013
Lines of credit	$	521,487		$	530,071
Auto finance loans		216,264			271,387
Secured loans		94,036			99,005
	$	831,787		$	900,463
Less Current Portion		(129,443	)		(151,268	)
Total - Non Current		702,444			749,195

~~● On May 24, 2012, the Company issued 12,500 common shares at $0.20 per share to a private placement investor.~~Collateral:

● On June 1, 2012, the Company issued 12,500 common shares at $0.20 per share to a private placement investor.

	1.	The Company uses the cars that they buy as collateral to guarantee the auto finance loans, the lines of credit and the secured loans.

	2.	The Company also maintained a compensating bank deposit as collateral with Bank Popular as reflected on the accompanying consolidated balance sheets at December 31, 2013 which was refunded to the Company as of March 31, 2014.

~~● On June 15, 2012, the Company issued 50,000 common shares at $0.20 per share to private placement investors.~~F-12

●ARROW CARS OnINTERNATIONAL ~~July 17, 2012, the Company issued 12,500 common shares at $0~~INC.20 ~~per~~AND ~~share to a private placement investor.~~SUBSIDIARY

●CONDENSED NOTES OnTO ~~July~~UNAUDITED ~~17,~~CONSOLIDATED ~~2012,~~FINANCIAL ~~the Company issued 12,500 common shares at $0.20 per share to private placement investors.~~STATEMENTS

~~Note~~MARCH 731, ~~- Capital asset sales and Capital asset sales receivable~~2014

Once the vehicle surpasses the initial 12 to 36 month rental phase, the Company transfers it to the Extended Leasing service and substantially “sells” the car under a rent-to-own 36 month contract. When this vehicle is sold, it is taken out of inventory and amount receivable becomes receivable in 36 equal installments.Guarantees:

~~The~~ 1. Jeremy Harris, CEO of the Company, has ~~made~~personally aguaranteed ~~provision~~each ~~for~~of ~~possible~~the ~~bad~~loans. ~~debt~~2. onBanco ~~the~~Popular ~~capital~~auto ~~assets~~finance ~~sold~~loans ~~during~~and ~~the~~a ~~period~~secured ~~ended~~loan ~~September~~is ~~30,~~currently ~~2013~~being ~~hence deferring~~guaranteed ~~10%~~by ofa ~~the~~third ~~revenues~~party. ~~until~~3. ~~such~~A athird ~~time~~party ~~that~~guaranteed the ~~“Rent~~two tolines ~~Own”~~of ~~contracts~~credit ~~are~~with ~~complete~~Bankinter and this party was paid ~~and~~20% ~~title~~of the common shares of the ~~vehicle~~ isCompany ~~passed~~as ~~over~~a tofee in the ~~client~~year 2010 and is currently a principal shareholder.

~~F-12~~Note 6. Commitments and Contingencies

~~ARROW CARS INTERNATIONAL INC AND SUBSIDIARY~~Leases

~~NOTES~~The Company TOexecuted a five year lease for its offices and a warehouse on April 12, 2012 expiring May 31, 2017. The rental expense ~~THE~~was ~~FINANCIAL~~$7,236 ~~STATEMENTS~~and $9,617 the three months ended March 31, 2014 and March 31, 2013 respectively. The rental contract is automatically renewed on a year by year basis.

~~SEPTEMBER 30, 2013 AND SEPTEMBER 30, 2012~~Contingencies

~~The~~We ~~Company~~are ~~has~~not ~~made~~involved ain ~~provision~~any ~~for~~pending ~~possible~~legal ~~non~~proceeding ~~collectability~~nor ofare ~~the~~we ~~capital~~aware ~~asset~~of ~~sales~~any ~~receivable~~pending ~~and~~or ~~allocated~~threatened 5%litigation ofagainst ~~these~~us, ~~receivables to~~except ~~an allowance account.~~as follows:

~~Note~~Arrow 8Cars -SL ~~Leases~~previously contracted with Peter Stuart Rogers for him to provide certain services to Arrow Cars SL. On November 10, 2010, Arrow Cars SL unilaterally cancelled the contract with Mr. Rogers. In December, Mr. Rogers then filed an arbitration action against Arrow Cars SL claiming damages for the cancellation of the contract. The arbitration action was filed before the Arbitration & Settlement Office (“CMAC”), file numbers 12627/2010 and 12625/2010. The arbitration case was closed without agreement. As a consequence, Mr. Rogers filed a claim against Arrow Cars SL in the Malaga Employment Courts, with the same numbers. Prior to appearing in court, Arrow Cars SL and Mr. Rogers agreed privately that Arrow Cars SL would pay 18,500 Euros (U.S. $24,420) to Mr. Rogers, which has been paid. In addition, in the event Arrow Cars SL successfully raises 4 million Euros (U.S. $5,000,000) in a public offering in the United States, Arrow Cars SL will be obligated to pay an additional 100,000 Euros ($125,000) to Mr. Rogers, one half of which amount will have to be paid within 16 weeks after the Company receives $5,000,000 in the proceeds of a public offering. The balance of 50,000 Euros will be payable to Mr. Rogers one year later.

The Company ~~executed~~believes athat ~~five~~if ~~year~~it, ~~lease~~in ~~for~~fact, ~~its~~raises ~~offices~~the ~~and~~$5,000,000 apursuant ~~warehouse~~to ona ~~December~~public 1offering, ~~2009~~then ~~expiring~~it ~~November~~will 30owe 100,000 ~~2014.~~Euros ~~On April 30,~~(equivalent ~~2012~~U.S. ~~this~~Dollars ~~lease~~according ~~agreed~~to ~~was~~the ~~mutually~~exchange ~~rescinded~~rate ~~and~~at the ~~Company~~time ~~entered~~such ~~into~~payments aare ~~new~~due) ~~agreed~~ to ~~lease~~Mr. aRogers. ~~different~~In ~~and~~the ~~larger~~event ~~premises. The~~the Company ~~executed~~is aunsuccessful in ~~one~~raising ~~year~~the ~~renewable~~$5,000,000 uppursuant to ~~five years lease for its new offices and~~ a ~~warehouse~~public ~~on May 12~~offering, ~~2012.~~the ~~The~~Company ~~rental expense~~will ~~was~~not ~~$29,630~~owe ~~and~~Mr. ~~$35,638~~Rogers asany ofadditional ~~September~~money ~~30,~~pursuant ~~2013~~to the ~~and~~arbitration ~~September 30, 2012 respectively~~proceeding.

~~F-13~~Note 7. Equity

~~Item 2.~~A) ~~Management’s~~Common ~~Discussion and Analysis of Financial Condition and Results of Operations.~~Stock

~~For~~The ~~the~~Company ~~nine~~has ~~months~~100,000,000 ~~ended~~authorized ~~September~~common shares and 30,450,000 ~~2013~~issued and ~~September~~outstanding 30at both March 31, ~~2012~~2014 and December 31, 2013.

~~The~~There ~~Company~~were ~~had~~no ~~revenues~~issuances ~~derived~~of ~~from~~common ~~“Car~~stock ~~Rentals”~~during ~~amounting to $351,847 and $390,547 for~~ the ~~nine~~three months ~~September~~ended ~~30, 2013~~March ~~and September 30~~31, ~~2012 respectively~~2014. ~~The decrease in rental income was mainly due to the increase in the number of vehicles that went from the “Easy Car Leasing” scheme to the “Rent to Own” scheme.~~

The cost of car rentals amounted to $62,143 and $102,343 for the nine months September 30, 2013 and September 30, 2012 respectively. This cost is made up of repairs and maintenance, road tax and car insurance. The decrease in this cost was mainly due to fact that we commenced to repair and maintain the vehicles in house rather than outsourcing these services.F-13

~~The~~ARROW ~~gross~~CARS ~~profit~~INTERNATIONAL atINC. ~~for~~AND ~~the nine months ended September 30, 2013 and September 30, 2012 respectively was $289,705 and $288,204.~~SUBSIDIARY

~~The~~CONDENSED ~~general~~NOTES ~~and~~TO ~~administrative~~UNAUDITED ~~costs~~CONSOLIDATED ~~for~~FINANCIAL ~~the nine months ended September 30, 2013 and September 30, 2012 respectively were $290,169 and $218,289; these expenses were made up of the following:~~STATEMENTS

	September 30,
	2013		2012		Differences
Rent		29,630		35,638		(6,008	)
Salaries		144,854		132,005		12,848
Profesional services rendered		53,740		98,180		(44,440	)
Bank Service charges		8,835		7,296		1,539
Marketing and Advertising		4,231		11,264		(7,032	)
Soft costs		7,857		6,869		988
Other costs and services		41,021		45,316		(4,294	)
	$	290,169	$	336,568	$	(46,399	)

MARCH 31, 2014

~~The~~Note ~~decrease in G&A was due to less money being spent on rent, professional services and advertising~~8. Concentrations

~~Depreciation~~Geographic ~~expense amounted to $37,886 and $37,929 nine months ended September 30, 2013 and September 30, 2012 respectively.~~Concentration

The ~~net~~Company ~~operating~~conducts ~~loss~~its ~~nine~~business ~~months~~with ~~ended~~customers ~~September~~located ~~30,~~primarily ~~2013~~in ~~and~~the ~~September~~province ~~30,~~of ~~2012~~Malaga ~~respectively~~in ~~amounted~~Spain. toSubstantially ~~$(38,350)~~all ~~and~~of ~~$(86,294)~~the Company’s assets are located in Spain.

3Concentration of Credit Risk

The primary accounts receivable of the Company’s ~~other~~result ~~income~~from ~~and~~long ~~(expenses)~~term ~~amounted~~rent-to own leasing contracts accounted for as capital leases. Although there is a greater risk of non-payment due to ~~$4,666~~the ~~and~~long ~~$91~~term monthly payment terms,~~023~~ ~~nine~~the ~~months~~Cars ~~ended~~that ~~September~~are ~~30,~~leased ~~2013~~are fitted with GPS devices to allow for immediate repossession of the car as needed and ~~September~~we have also established as allowance for bad debt ~~30,~~on ~~2012~~the ~~respectively:~~non-current portion of such receivables.

	Nine Months		Nine Months
Other income (expenses)	September 30, 2013		September 30, 2012
Auto Sales - Net (including Deferred Revenue)	$	28,947	$	129,536
Bad debt expense		1,606		-
Interest Income		3,778		2,543
Interest Expense		35,784		40,900
Exchange Rate Difference		-		156
Total other (Income) and Expenses	$	4,666	$	91,023

Loan Concentrations

~~The~~Financing ~~main reason~~ for the ~~decrease~~capital inleasing ~~other~~of ~~income~~cars ~~and~~by ~~expenditure~~the ~~was~~Company ~~due~~is toprovided ~~the~~primarily ~~decrease~~by intwo ~~“auto~~Spanish ~~sales”~~banks.

~~The~~Note ~~interest~~9. ~~expense~~Related ~~for the nine month ended September 30, 2013 decreased by $5,115 due to a slight decrease in interest rates on certain loans with financial institutions~~parties.

The ~~net~~Company ~~profit~~has ~~(loss)~~balances ~~for~~due ~~the~~to ~~nine~~related ~~months~~parties ~~ended~~of ~~September~~$136,373 30and $80,728 ~~2013~~as of March 31, 2014 and ~~September~~December 3031, ~~2012~~2013 respectively ~~was~~as discussed ~~$(43,016)~~in ~~and~~Note ~~$4,729~~5A.

~~For the three months ended September 30, 2013 and September 30, 2012~~F-14

~~The~~Item ~~Company~~2. ~~had~~Management’s ~~revenues~~Discussion ~~derived from “Car Rentals” amounting to $109,160~~ and ~~$123,917~~Analysis ~~for~~of ~~the~~Financial ~~three~~Condition ~~months September 30, 2013~~ and ~~September~~Results ~~30, 2012 respectively. The decrease in rental income was mainly due to the increase in the number~~ of ~~vehicles that went from the “Easy Car Leasing” scheme to the “Rent to Own” scheme~~Operations.

~~The~~Arrow ~~cost~~Cars International Inc. (“Company”, or “ACI”), a private company, was organized under the laws of ~~car~~Florida on ~~rentals~~March ~~amounted~~8, to2012. ~~$22~~Arrow Cars SL (“ACSL”),~~434~~ ~~and~~a ~~$37~~private limited company,~~411~~ ~~for~~was organized under the ~~three~~laws ~~months~~of ~~September~~Spain 30on January 21, ~~2013~~2008. ~~and~~On ~~September~~April, 304, 2012, ~~respectively~~Arrow Cars SL executed a reverse recapitalization with Arrow Cars International Inc. ~~This~~ ~~cost~~ACI is ~~made~~a upholding company ofthat ~~repairs~~conducts ~~and~~operations ~~maintenance,~~through ~~road~~its ~~tax~~wholly-owned ~~and~~subsidiary ~~car insurance~~ACSL. The ~~decrease~~Company’s inbusiness ~~this~~model, ~~cost~~described ~~was~~below, involves ~~mainly~~leasing ~~due~~and rent-to-own ~~fact that~~concepts wewhereby ~~commenced~~the torespective ~~repair~~clients ~~and~~are ~~maintain~~usually ~~the~~unable, unwilling, or lack credit-worthiness to purchase or lease vehicles inconventionally. ~~house~~Clients ~~rather~~may ~~than~~go ~~outsourcing~~through ~~these~~a ~~services~~website called www.autooasiseurope.com or walk-in to the offices to conduct transactions.

~~The~~FOR ~~gross~~THREE ~~profit~~MONTHS atENDED ~~for~~MARCH ~~the three months ended September 30~~31, ~~2013~~2014 ~~and~~AND ~~September~~MARCH 3031, ~~2012 respectively was $86,726 and $86,507.~~2013:

The ~~general~~Company ~~and~~had ~~administrative~~revenues ~~costs~~derived ~~for~~from ~~the~~“Car ~~three~~Rentals” ~~months~~and ~~ended~~ancillary ~~September~~income 30from “Rent to own”, ~~2013~~such as maintenance, repairs and ~~September~~insurance 30as earned, ~~2012~~amounting ~~respectively~~to ~~were~~ $9081,~~022~~ 807 and $~~114~~118,~~394~~392 for the three months ended March 31, 2014 and March 31, 2013 respectively. The ~~decrease~~$36,585 downturn in ~~G&A~~rental income was mainly due to ~~less~~the ~~money~~number ~~being~~of ~~spent~~cars onthat ~~rent,~~went ~~professional~~from ~~services~~the “Easy Car Leasing” service to the “Rent to Own” service (where the rentals are lower cost) and ~~advertising~~the inability of the company to raise finance to purchase sufficient replacement “Easy Car Leasing” cars.

~~Depreciation~~The ~~expense~~cost of car rentals amounted to $932,~~879~~946 and $1124,~~509~~806 for the three months ended ~~September~~March 3031, ~~2013~~2014 and ~~September~~March 3031, ~~2012~~2013 respectively. This cost is made up of repairs and maintenance, road tax and car insurance.

The ~~net~~general ~~operating~~and ~~loss~~administrative costs for the three months ended ~~September~~March 3031, ~~2013~~2014 and ~~September~~March 3031, ~~2012~~2013 respectively ~~amounted~~were to $~~(13~~68,~~176)~~542 and $~~(39~~77,~~396)~~330.

The Company’s other income and (expenses) amounted to $(16,135) and $8,656 three months ended September 30, 2013 and September 30, 2012 respectively. The main reason for the decrease in other income and expenditure was due to the decrease in “auto sales”.

	March 31,
	2014		2013
Rent	$	7,236	$	9,617
Salaries		41,669		40,068
Professional services		5,739		12,612
Bank service charges		4,915		1,566
Marketing and Advertising		1,048		3,725
Soft costs		3,625		2,282
Other costs and services		4,310		7,460
	$	68,542	$	77,330

4Depreciation expense for the three months ended March 31, 2014 and March 31, 2013 was $9,535 and $10,362 respectively.

~~The interest expense for the three month ended September 30, 2013 decreased by $1,500 due to a slight decrease in interest rates on certain loans with financial institutions.~~4

The net operating profit (loss) for the three months ended ~~September~~March 3031, ~~2013~~2014 and ~~September~~2013 ~~30, 2012~~ respectively ~~was~~amounted to $(1629,~~135~~216) and $85,~~656~~894.

~~LIQUIDITY~~The ~~AND~~Company’s ~~CAPITAL~~other ~~RESERVES~~income and (expenses) amounted to $5,445 for the three months ended March 31, 2014 and $(14,180) for the three months ended March 31, 2013.

AsThe ofcompany ~~September~~incurred 30and paid $15,669 ~~2013~~and $11,001 of interest for the ~~Company~~three ~~had~~months ~~$1,409~~ended inMarch ~~cash~~31, 2014 and ~~net~~March ~~cash~~31, ~~used~~2013; inthe ~~operations~~ majority of ~~$64,191.~~these ~~The~~interest ~~working~~payments ~~capital~~were ~~deficit amounted~~due to ~~$599~~the auto financing loans,~~835~~ letters of credit and secured loans. ~~Finally,~~Only a small proportion was interest levied on the ~~Company~~bank ~~had~~overdraft and a ~~Shareholders’~~guarantor ~~Equity~~agreement ~~deficit~~with ~~amounting~~a tonon-affiliate ~~$294,642~~third party.

The ~~company’s~~net ~~debt~~loss ~~amounted~~for tothe ~~$906,344;~~three ~~this~~months ~~debt~~ended ~~was~~March ~~made up of $34~~31,~~363~~ of2014 ~~secured~~and ~~loans~~March ~~granted~~31, by2013 ~~Banco~~respectively ~~Popular,~~was $~~582~~23,~~967 of~~771 ~~credits lines with two banks (Banco Popular~~ and ~~Bank Inter) and finally~~ $~~289~~8,~~014 of leasing contracts also financed by Banco Popular and Bank Inter~~287.

The ~~basic~~comprehensive ~~terms~~loss ofincluding ~~this~~unrealized ~~debt~~foreign ~~are~~currency astranslations ~~follows:~~losses was $15,918 and $8,286 for the three months ended March 31, 2014 and March 31, 2013 respectively.

	September 30, 2013		September 30, 2012
Leasing Contracts
Banco Popular (various loans all maturing June 2, 2015 bearing 4.24% interest rate)	$	139,565	$	229,590
Bank inter (various loans maturing during 2014 and 2015 with varying interest rates from 3.19% to 3.96%		140,221		168,676
Banco Santander (maturing February 15, 2015 bearing interest rate of 7.49%		9,228		8,137
	$	289,014	$	406,403
Secured Loans
Banco Popular		34,363		50,104
	$	34,363	$	50,104
Renewable letters of Credit
Bankinter - 0799 50 000032.7		269,722		257,108
Bankinter - 0799 50 050111.4		270,398		257,108
Banco Popular - 075 0953 0050 010449		42,847		57,736
	$	582,967	$	571,952

The weighted average of the company issued and outstanding stock at March 31, 2014 and March 31, 2013 was 30,450,000 and 30,450,000 respectively which translated into a loss per shares of $(0.00) and (0.00) for the same periods.

5LIQUIDITY AND CAPITAL RESERVES

~~Cautionary~~As ~~Forward~~of -March ~~Looking~~31, ~~Statement~~2014 and December 31, 2013, the Company had $5,308 and $3,366 in cash and the net cash provided by (used in) operations for the same periods was $23,780 and ($82,129). The working capital deficit amounted to $820,972 at March 31, 2014 and $879,486 at December 31, 2013. Finally, the Company had a Shareholders’ Equity deficit amounting to $446,907 at March 31, 2014 and $430,989 at December 31, 2013.

~~The~~A ~~following~~summary ~~discussion and analysis~~ of the ~~results~~company’s ofauto ~~operations~~finance ~~and financial condition of Arrow Cars International Inc. should be read in conjunction with the unaudited financial statements~~loans, ~~and~~secured ~~the~~loans ~~related notes. References to “we,” “our,” or “us” in this section refers to the Company~~ and ~~its~~letters ~~subsidiaries.~~of ~~Our~~credit ~~discussion~~is ~~includes forward-looking statements based upon current expectations that involve risks and uncertainties, such~~ as our plans, objectives, expectations and intentions.. We use words such as “anticipate,” “estimate,” “plan,” “project,” “continuing,” “ongoing,” “expect,” “believe,” “intend,” “may,” “will,” “should,” “could,” and similar expressions to identify forward-looking statements.follows:

Certain matters discussed herein may contain forward-looking statements that are subject to risks and uncertainties. Such risks and uncertainties include, but are not limited to, the following:

	March 31, 2014		December 31, 2013
● Lines of credit	$	521,487	$	530,071
● Auto finance loans – Current		105,119		151,268
● Auto finance loans – Non-current		111,145		120,119
● Secured loans		94,036		99,005
	$	831,787	$	900,463

●Jeremy D. ~~the~~Harris ~~volatile~~is ~~and competitive nature of our industry, ●~~ the ~~uncertainties~~personal ~~surrounding~~guarantor ~~the rapidly evolving markets in which we compete, ● the uncertainties surrounding technological change~~ of the ~~industry,~~Company’s ●secured ~~our dependence on its intellectual property rights~~loans, ●credit ~~the~~lines ~~success of marketing efforts by third parties, ● the changing demands of customers~~ and ●auto ~~the~~finance ~~arrangements with present and future customers and third parties~~contracts.

~~Should~~The ~~one~~ability orof ~~more~~the ofCompany ~~these~~to ~~risks~~continue orits ~~uncertainties~~operations ~~materialize~~is ordependent ~~should~~on ~~any~~Management’s ofplans, which include the ~~underlying~~raising ~~assumptions~~of ~~prove~~capital through ~~incorrect~~debt and/or equity markets, ~~actual~~until ~~results of~~such ~~current~~time ~~and~~that ~~future~~funds provided by operations are sufficient to fund working capital requirements. The Company may ~~vary~~need ~~materially~~to ~~from~~incur ~~those~~liabilities ~~anticipated~~with certain related parties to sustain the Company’s existence.

~~Item~~This 3section of the Form 10-Q, includes a number of forward-looking statements that reflect our current views with respect to future events and financial performance. ~~Quantitative~~Forward-looking statements are often identified by words like: believe, expect, estimate, anticipate, intend, project and ~~Qualitative~~similar ~~Disclosure~~expressions, ~~about~~or ~~Market~~words ~~Risk~~which, by their nature, refer to future events. You should not place undue certainty on these forward-looking statements, which apply only as of the date of this prospectus. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or our predictions.

~~Not applicable.~~5

~~Item~~The 4following table provides selected financial data about our Company as of March 31, 2014. ~~Controls~~For ~~and~~detailed ~~Procedures~~financial information, see the consolidated financial statements included in this prospectus.

~~Evaluation~~BALANCE ofSHEET ~~Disclosure~~DATA: ~~Controls and Procedures~~

As of the end of the period covered by this report, we carried out an evaluation, under the supervision and with the participation of our Principal Executive Officer and Principal Financial Officer of the effectiveness of the design and operation of our disclosure controls and procedures. Based on this evaluation, our Principal Executive Officer and Principal Financial Officer concluded that our disclosure controls and procedures (as defined in Rules 13a-15(e) and Rule 15d-15(e) under the Securities Exchange Act of 1934) were effective.

Cash	$	5,308
Total assets	$	733,672
Total liabilities	$	1,180,579
Shareholders’ deficit	$	446,907

~~Management’s~~PROPOSED ~~Report~~MILESTONES onTO ~~Internal~~IMPLEMENT ~~Control~~OUR ~~over~~BUSINESS ~~Financial~~OPERATION ~~Reporting~~

~~Our~~We ~~management~~intend isto ~~responsible~~use ~~for~~best ~~establishing~~efforts ~~and~~to ~~maintaining~~raise ~~adequate~~$1,000,000 ~~internal control over financial reporting as defined in Rules 13a-15(f)~~ and ~~15d-15(f)~~use ~~under~~ the ~~Exchange~~revenue ~~Act.~~generated ~~Our~~from ~~internal~~our ~~control~~future ~~over~~business ~~financial~~operations ~~reporting is designed~~ to ~~provide reasonable~~accomplish ~~assurance regarding~~ the ~~reliability~~milestones. ofThe ~~financial~~amount ~~reporting and the preparation~~ of ~~financial~~revenue ~~statements~~from ~~for~~future ~~external~~business ~~purposes~~operations ~~in accordance~~necessary ~~with~~to ~~generally~~accomplish ~~accepted~~our ~~accounting~~plan ~~principles.~~of ~~Our~~operation ~~internal~~during ~~control~~the first ~~over~~12 ~~financial~~months ~~reporting~~is ~~includes those policies and procedures that:~~$1,750,000

	(1)	pertain to the maintenance of records that in reasonable detail accurately and fairly reflect the transactions and dispositions of our assets;
	(2)	provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with U.S. GAAP, and that our receipts and expenditures are being made only in accordance with the authorization of our management and directors; and
	(3)	provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of our assets that could have a material effect on the financial statements.

Our specific plan of operations and milestones for September 2014 through September 2015 are as follows:

6DURING THE FOURTH QUARTER OF 2014, WE INTEND TO:

~~Because~~SPAIN of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

~~At September 30~~SOURCE, ~~2013, we carried out an evaluation required by Rule 13a-15 or Rule 15d-15 of the Securities~~ ~~Exchange~~ORDER ~~Act~~AND ofCOORDINATE ~~1934~~DELIVERY ~~(the~~OF ~~“Exchange~~THE ~~Act”)~~INITIAL ~~under~~BATCH ~~the~~OF ~~supervision~~OUR ~~and~~EXTENDED ~~with~~VEHICLE the participation of our management, including our Principal Executive Officer and Principal Financial Officer, of the effectiveness of the design and operation of our disclosure controls and proceduresFLEET.

~~Based~~COSTS: ~~upon such evaluation~~$950, such person concluded that as of such date, our disclosure controls and procedures were not effective at the reasonable assurance level because, due to financial constraints, the Company does not maintain a sufficient complement of personnel with an appropriate level of technical accounting knowledge, experience and training in the application of generally accepted accounting principles commensurate with our financial accounting and reporting requirements000. InFor the ~~event~~purchase ~~that we may receive sufficient funds for internal operational purposes, we plan to retain the services~~ of ~~additional~~88 ~~internal~~vehicles ~~management staff to provide assistance to our current management with the monitoring and maintenance of our internal controls and procedures~~outright.

~~This~~We ~~Quarterly~~intend ~~Report~~delivery ~~does~~of ~~not~~the ~~include~~new anfleet ~~attestation report~~ of ~~the~~vehicles ~~Company’s~~to ~~registered~~be ~~public~~staggered ~~accounting~~over ~~firm~~the ~~due~~year to ahelp ~~transition period~~maximize ~~established~~fleet utilization by ~~rules~~replacing many of ~~the~~our ~~Securities~~existing ~~and~~fleet ~~Exchange~~already ~~Commission~~on ~~for~~long ~~newly~~term ~~public~~hire. ~~companies~~The older fleet will be transferred to “Rent to Own” clients.

~~Changes~~OPEN inA ~~internal~~NEW ~~control~~AUTOOASIS ~~over~~“SUB ~~financial~~HUB” ~~reporting.~~FACILITY CLOSE TO GIBRALTAR

WeIn ~~did~~October ~~not~~2014, ~~change~~we ~~our~~intend ~~internal~~to ~~control~~begin ~~over~~to ~~financial~~offering ~~reporting~~our ~~during~~services ~~our~~from ~~last~~a ~~fiscal~~small, ~~quarter~~fully ~~that~~equipped ~~materially~~premises ~~affected~~close to Gibraltar, oron isthe ~~reasonably~~South ~~likely~~western tomost ~~materially~~tip ~~affect,~~of ~~the~~Spain. ~~Company’s~~Much ~~internal~~of ~~control~~our ~~over~~current ~~financial~~business ~~reporting~~originates from this region. We believe this Auto oasis “sub hub” will improve our customer satisfaction level for this customer base.

~~PART~~COSTS: II$40,000 – ~~OTHER~~for ~~INFORMATION~~equipment, staffing and branding.

~~Item 1. Legal Proceedings.~~6

WeDURING ~~are~~THE ~~not~~FIRST ~~involved~~QUARTER inOF ~~any pending legal proceeding nor are we aware of any pending or threatened litigation against us~~2015, ~~except~~WE ~~as follows~~INTEND TO:

~~Arrow~~SPAIN Cars SL previously contracted with Peter Stuart Rogers for him to provide certain services to Arrow Cars SL. On November 10, 2010, Arrow Cars SL unilaterally cancelled the contract with Mr. Rogers. In December, Mr. Rogers then filed an arbitration action against Arrow Cars SL claiming damages for the cancellation of the contract. The arbitration action was filed before the Arbitration & Settlement Office (“CMAC”), file numbers 12627/2010 and 12625/2010. The arbitration case was closed without agreement. As a consequence, Mr. Rogers filed a claim against Arrow Cars SL in the Malaga Employment Courts, with the same numbers. Prior to appearing in court, Arrow Cars SL and Mr. Rogers agreed privately that Arrow Cars SL would pay 18,500 Euros (U.S. $24,420) to Mr. Rogers, which has been paid. In addition, in the event Arrow Cars SL successfully raises 4 million Euros (U.S.$5,000,000) in a public offering in the United States, Arrow Cars SL will be obligated to pay an additional 100,000 Euros ($125,000) to Mr. Rogers, one half of which amount will have to be paid within 16 weeks after the Company receives $5,000,000 in the proceeds of such public offering. The balance of 50,000 Euros will be payable to Mr. Rogers one year later.

~~The~~ASSIGN ~~Company~~A ~~believes~~MINIMUM ~~that~~OF ifTWO ~~it,~~WORLDWIDE inHOLIDAY ~~fact,~~CAR ~~raises~~RENTAL ~~the $5,000,000 pursuant to its initial public offering, then it will owe 100,000 Euros (equivalent U~~BROKERS.S. Dollars according to the exchange rate at the time such payments are due). In the event the Company is unsuccessful in raising the $5,000,000 pursuant to such initial public offering, the Company will not owe Mr. Rogers any additional money pursuant to the arbitration proceeding.

7ZERO COST: The car rental brokers would be given “Net” rates and add their own commission to these rates.

Item 1A.	Risk Factors.
	Not applicable.
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds.
	None.
Item 3.	Defaults upon Senior Securities.
	None.
Item 4.	Mine Safety Disclosures.
	Not applicable.
Item 5.	Other Information.
	None.
Item 6.	Exhibits.
	See Exhibit Index below for exhibits required by Item 601 of regulation S-K.

In preparation for peak holiday season in Spain we will assign worldwide holiday car rental brokers to market our long term car rental product to foreign home owners in Spain staying for extended periods. As is already the case, we intend to have advance reservations for our long term car rental service, therefore maximizing fleet utilization immediately.

8APPROACH SMALL TO MEDIUM SIZED BUSINESSES IN SPAIN - STAFF COSTS ONLY

~~EXHIBIT~~Between ~~INDEX~~January and April 2015, we believe that a minimum of three companies will return their existing fleets to their current suppliers and switch over to our AutoOasis “Easy Car Leasing” program and transfer to an AutoOasis “Easy Car Leasing” fleet. We are confident our low cost/high benefit model will tempt many Spanish companies to transfer their fleet business to us. Due to contractual restrictions, the transfer process can take several months. We anticipate the transfer of corporate clients will begin in earnest during the second quarter of 2015. This will coincide with the return of vehicles hired by foreigners during low and mid holiday season. As of the date of this Prospectus, we do not have an executed agreement with any company to switch over to our AutoOasis “Easy Car Leasing” program. There is no guarantee that any company will transfer its fleet to us. We do not expect to incur any material costs in obtaining these new fleet customers other than normal vehicle acquisition costs. These beliefs are related more to the number of vehicles we can provide that to our ability to convert these companies to use our services.

~~Exhibit~~EXPAND OUR NoOPERATION IN GIBRALTAR. ~~Description~~

~~List~~MARKETING ofCOSTS: ~~Exhibits~~$650 ~~attached~~per ormonth ~~incorporated~~plus bystaff ~~reference pursuant to Item 601 of Regulation S-K:~~costs

Exhibit	Description
31.1 *	Certification under Section 302 of Sarbanes-Oxley Act of 2002
31.2 *	Certification under Section 302 of Sarbanes-Oxley Act of 2002
32.1 * 32.2 *	Certification under Section 906 of Sarbanes-Oxley Act of 2002 Certification under Section 906 of Sarbanes-Oxley Act of 2002

24% of our entire fleet is driven by customers working in the tax free haven of Gibraltar (on the south western tip of Spain). Gibraltar is home for many off shore gaming companies employing foreigners on a temporary basis. We believe we can increase our client base here by a minimum of 200%; however, there is no guarantee that we will be able to increase our client base by a minimum of 200%.

101.INS	XBRL Instance Document**
101.SCH	XBRL Taxonomy Extension Schema Document**
101.CAL	XBRL Taxonomy Extension Calculation Linkbase Document**
101.DEF	XBRL Taxonomy Extension Definition Linkbase Document**
101.LAB	XBRL Taxonomy Extension Label Linkbase Document**
101.PRE	XBRL Taxonomy Extension Presentation Linkbase Document**

We intend to increase our client base in Gibraltar by:

* Filed herewith.

	1)	Employing the services of an independent sales company to sell our service directly to these potential clients.

	2)	Collaborating with the companies directly to introduce our services as part of a “welcome package” to new arrivals to ensure their arrival in new country is a more relaxed process.

** In accordance with Regulation S-T, the XBRL-formatted interactive data files that comprise Exhibit 101 in this Quarterly Report on Form 10-Q shall be deemed “furnished” and not “filed”.7

9DURING THE SECOND QUARTER OF 2015, WE INTEND TO:

~~SIGNATURES~~SPAIN

~~Pursuant~~IMPROVE toEXISTING ~~the requirements of Section 13 or 15(d) 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~~PREMISES.

	ARROW CARS INTERNATIONAL INC.
Date: November 13, 2013	/s/ Jeremy D. Harris
	Jeremy D. Harris
	President and Chief Executive Officer
	(Principal Executive Officer)
Date: November 13, 2013	/s/ Sergio Perez Conejo
	Sergio Perez Conejo
	Chief Financial Officer
	(Principal Accounting and Financial Officer)

COSTS: $2,000

10To help maximize efficiency, we intend to improve our existing premises with the addition of wheel and chassis alignment equipment.

BEGIN NEGOTIATIONS FOR THE 2015/2016 FLEET OF VEHICLES.

Once peak holiday season is finished, new or nearly new vehicles offers are extremely attractive. We intend to have our initial batch of vehicles for the first and second quarter of 2016, sourced and assigned for delivery before the end of the second Quarter 2015.

Cautionary Forward - Looking Statement

The following discussion and analysis of the results of operations and financial condition of Arrow Cars International Inc. should be read in conjunction with the unaudited financial statements, and the related notes. References to “we,” “our,” or “us” in this section refers to the Company and its subsidiaries. Our discussion includes forward-looking statements based upon current expectations that involve risks and uncertainties, such as our plans, objectives, expectations and intentions.. We use words such as “anticipate,” “estimate,” “plan,” “project,” “continuing,” “ongoing,” “expect,” “believe,” “intend,” “may,” “will,” “should,” “could,” and similar expressions to identify forward-looking statements.

Certain matters discussed herein may contain forward-looking statements that are subject to risks and uncertainties. Such risks and uncertainties include, but are not limited to, the following:

	●	the volatile and competitive nature of our industry,

	●	the uncertainties surrounding the rapidly evolving markets in which we compete,

	●	the uncertainties surrounding technological change of the industry,

	●	our dependence on its intellectual property rights,

	●	the success of marketing efforts by third parties,

	●	the changing demands of customers and

	●	the arrangements with present and future customers and third parties.

Should one or more of these risks or uncertainties materialize or should any of the underlying assumptions prove incorrect, actual results of current and future operations may vary materially from those anticipated.

Item 3. Quantitative and Qualitative Disclosure about Market Risk.

Not applicable.

Item 4. Controls and Procedures.

Evaluation of Disclosure Controls and Procedures

Management’s Report on Internal Control over Financial Reporting

Our management is responsible for establishing and maintaining adequate internal control over financial reporting as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act. Our internal control over financial reporting is designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. Our internal control over financial reporting includes those policies and procedures that:

	(1)	pertain to the maintenance of records that in reasonable detail accurately and fairly reflect the transactions and dispositions of our assets;

	(2)	provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with U.S. GAAP, and that our receipts and expenditures are being made only in accordance with the authorization of our management and directors; and

	(3)	provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of our assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

As of March 31, 2014, we carried out an evaluation required by Rule 13a-15 or Rule 15d-15 of the Securities Exchange Act of 1934 (the “Exchange Act”) under the supervision and with the participation of our management, including our Principal Executive Officer and Principal Financial Officer, of the effectiveness of the design and operation of our disclosure controls and procedures.

Based upon such evaluation, such person concluded that as of such date, our disclosure controls and procedures were not effective at the reasonable assurance level because, due to financial constraints, the Company does not maintain a sufficient complement of personnel with an appropriate level of technical accounting knowledge, experience and training in the application of generally accepted accounting principles commensurate with our financial accounting and reporting requirements. In the event that we may receive sufficient funds for internal operational purposes, we plan to retain the services of additional internal management staff to provide assistance to our current management with the monitoring and maintenance of our internal controls and procedures.

Changes in internal control over financial reporting.

We did not change our internal control over financial reporting during our last fiscal quarter that materially affected, or is reasonably likely to materially affect, the Company’s internal control over financial reporting.

PART II – OTHER INFORMATION

Item 1. Legal Proceedings.

We are not involved in any pending legal proceeding nor are we aware of any pending or threatened litigation against us, except as follows:

Arrow Cars SL previously contracted with Peter Stuart Rogers for him to provide certain services to Arrow Cars SL. On November 10, 2010, Arrow Cars SL unilaterally cancelled the contract with Mr. Rogers. In December, Mr. Rogers then filed an arbitration action against Arrow Cars SL claiming damages for the cancellation of the contract. The arbitration action was filed before the Arbitration & Settlement Office (“CMAC”), file numbers 12627/2010 and 12625/2010. The arbitration case was closed without agreement. As a consequence, Mr. Rogers filed a claim against Arrow Cars SL in the Malaga Employment Courts, with the same numbers. Prior to appearing in court, Arrow Cars SL and Mr. Rogers agreed privately that Arrow Cars SL would pay 18,500 Euros (U.S. $24,420) to Mr. Rogers, which has been paid. In addition, in the event Arrow Cars SL successfully raises 4 million Euros (U.S. $5,000,000) in a public offering in the United States, Arrow Cars SL will be obligated to pay an additional 100,000 Euros ($125,000) to Mr. Rogers, one half of which amount will have to be paid within 16 weeks after the Company receives $5,000,000 in the proceeds of such public offering. The balance of 50,000 Euros will be payable to Mr. Rogers one year later.

The Company believes that if it, in fact, raises the $5,000,000 pursuant to its initial public offering, then it will owe 100,000 Euros (equivalent U.S. Dollars according to the exchange rate at the time such payments are due). In the event the Company is unsuccessful in raising the $5,000,000 pursuant to such initial public offering, the Company will not owe Mr. Rogers any additional money pursuant to the arbitration proceeding.

Item 1A. Risk Factors.

Not applicable.

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

Not applicable.

Item 3. Defaults upon Senior Securities.

None.

Item 4. Mine Safety Disclosures.

Not applicable.

Item 5. Other Information.

None.

Item 6. Exhibits.

See Exhibit Index below for exhibits required by Item 601 of regulation S-K.

EXHIBIT INDEX

List of Exhibits attached or incorporated by reference pursuant to Item 601 of Regulation S-K:

Exhibit		Description

31.1*		Certification under Section 302 of Sarbanes-Oxley Act of 2002

31.2*		Certification under Section 302 of Sarbanes-Oxley Act of 2002

32.1*		Certification under Section 906 of Sarbanes-Oxley Act of 2002

32.2*		Certification under Section 906 of Sarbanes-Oxley Act of 2002

101.INS		XBRL Instance Document**
101.SCH		XBRL Taxonomy Extension Schema Document**
101.CAL		XBRL Taxonomy Extension Calculation Linkbase Document**
101.DEF		XBRL Taxonomy Extension Definition Linkbase Document**
101.LAB		XBRL Taxonomy Extension Label Linkbase Document**
101.PRE		XBRL Taxonomy Extension Presentation Linkbase Document**

* Filed herewith.

** In accordance with Regulation S-T, the XBRL-formatted interactive data files that comprise Exhibit 101 in this Quarterly Report on Form 10-Q shall be deemed “furnished” and not “filed”.

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) 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.

ARROW CARS INTERNATIONAL INC.

Date: October 16, 2014	/s/ Jeremy D. Harris
	Jeremy D. Harris
	President and Chief Executive Officer
	(Principal Executive Officer)

Date: October 16, 2014	/s/ Sergio Perez Conejo
	Sergio Perez Conejo
	Chief Financial Officer
	(Principal Accounting and Financial Officer)

Filing Compare · ARROW CARS INTERNATIONAL INC