UNITED STATES

~~Washington,~~SECURITIES AND ~~D.C.~~EXCHANGE ~~20549~~COMMISSION

~~Form~~WASHINGTON, ~~10-Q~~D.C. 20549

FORM 10-Q

(Mark One)

x☒ QUARTERLY REPORT ~~PURSUANT~~UNDER TOSECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 31, 2016 OR ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from N/A to N/A

~~For~~Commission ~~the~~file ~~Quarterly~~number: ~~Period Ended January 31, 2016~~000-55251

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

For the transition period from _____________ to _____________

Commission file number 000-54347

	WATERMARK GROUP, INC.
	(Exact name of registrant as specified in its charter)

~~3811~~7 ~~13th~~Dey ~~Avenue~~Street, Suite 1503 New York, NY 10007 (Address of principal executive offices) (Zip Code) (212) 330-8151 (Registrant’s telephone number, including area code)

~~Brooklyn~~Indicate by check mark whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act of 1934 during the past 12 months (or for such shorter period that the registrant was required to file such reports), NYand ~~11218~~(2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

~~(Address~~Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of ~~principal~~Regulation ~~executive~~S-T ~~offices)~~during the preceding 12 months (~~Zip~~or ~~Code~~for such shorter period that the registrant was required to submit and post such files). Yes ☐ No ☒

~~(718)~~Indicate ~~907~~by check mark whether registrant is a large accelerated filer, an accelerated filer, a non-~~4105~~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 (~~Registrant's~~Do ~~telephone~~not ~~number,~~check ~~including~~if ~~area~~a ~~code~~smaller reporting company) ☐ Smaller reporting company ☒

Indicate by check mark whether the registrant ~~(1)~~is ~~has~~a ~~filed~~shell ~~all~~company (as ~~reports~~defined ~~required~~in toRule be12b-2 ~~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~~. x Yes o ☒ No ☐

~~Indicate~~There bywere ~~check mark whether the registrant has submitted electronically and posted on its corporate Web site~~4, ~~if any~~505,000 ~~every~~shares ~~Interactive Data File required to be submitted and posted pursuant to Rule 405~~ of ~~Regulation~~common ~~S-T~~stock, ~~(§232~~$0.~~405~~0001 ofpar ~~this~~value, ~~chapter)~~of ~~during~~ the ~~preceding~~issuer 12issued ~~months~~and ~~(or~~outstanding ~~for~~as ~~such~~of ~~shorter~~September ~~period~~20, ~~that the registrant was required to submit and post such files)~~2016. ~~Yes o No x~~

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

~~Large~~FORM ~~accelerated filer ¨ Accelerated filer ¨ Non~~10-~~accelerated filer ¨ Smaller reporting company x (Do not check if a smaller reporting company)~~Q

~~Indicate~~FOR byTHE ~~check~~PERIOD ~~mark~~ENDED ~~whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes x No o~~JULY 31, 2016

There were 4,505,000 shares of common stock, $0.0001 par value, of the issuer issued and outstanding as of March 22, 2016.

TABLE OF CONTENTS

PART I - Financial Information
PART I : Financial Information
Item 1.	Financial Statements		3
Item 1	Financial Statements	2
Item 2.	Management's Discussion and Analysis of Financial Condition and Results of Operations		8
Item 2	Management’s Discussion and Analysis of Financial Condition and Results of Operations	7
Item 3.	Quantitative and Qualitative Disclosures About Market Risk		11
Item 3	Quantitative and Qualitative Disclosures about Market Risk	9
Item 4.	Controls and Procedures		11
Item 4	Controls and Procedures	10
PART II – Other Information
PART II : Other Information
Item 1.	Legal Proceedings		12
Item 1	Legal Proceedings	11
Item 1A.	Risk Factors		12
Item 1A	Risk Factors	11
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds		12
Item 2	Unregistered Sales of Equity Securities and Use of Proceeds	11
Item 3.	Defaults Upon Senior Securities		12
Item 3	Defaults upon Senior Securities	11
Item 4.	Mine Safety Disclosures		12
Item 4	Mine Safety Disclosures	11
Item 5.	Other Information		12
Item 5	Other Information	11
Item 6.	Exhibits		13
Item 6	Exhibits	11
Signatures		12

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Table of Contents

PART I. FINANCIAL INFORMATION

Item 1. Financial Statements

WATERMARK GROUP, INC.

(FORMERLY WNS STUDIOS, INC)

CONDENSED BALANCE SHEET

	April 30,2015			January 31,2016
	July 31, 2016			April 30, 2016
	(Unaudited)			~~(Unaudited)~~
ASSETS
Current Assets:
Cash and Cash Equivalents	$	~~782~~1,244		$	~~251~~1,191
Total Current Assets		~~782~~1,244			~~251~~1,191
Total Assets	$	~~782~~1,244		$	~~251~~1,191
LIABILITIES AND STOCKHOLDERS' DEFICIENCY
LIABILITIES AND STOCKHOLDERS’ DEFICIENCY
Current Liabilities:
Accrued Liabilities	$	2711,~~839~~774		$	2114,~~621~~903
Accrued Interest Related Party		13,218			-
Total Current Liabilities		11,774			14,903
Note Payable Related Party		78,474			-
Total Current Liabilities		119,531			21,621
Long-Term Debt:
Note Payable Related Party		-160,226			~~121~~135,726
Accrued Interest Related Party		-22,365			1820,~~132~~047
Total Long-Term Liabilities		-182,591			~~139~~155,~~858~~773
Total Liabilities		~~119~~194,~~531~~365			~~161~~170,~~479~~676
Commitments and Contingencies
Stockholders' Deficiency:
Stockholders’ Deficiency:
Preferred Stock, $.0001 par value; 10,000,000 shares authorized, none issued and outstanding		-—			-—
Common Stock, $.0001 par value; 100,000,000 share authorized, 4,505,000 shares issued and outstanding		451			451
Common Stock, $.0001 par value; 100,000,000 shares authorized, 4,505,000 shares issued and outstanding		451			451
Additional Paid-In Capital		45,809			45,809
Accumulated Deficit		(~~165~~239,~~009~~381	)		(~~207~~215,~~488~~745	)
Total Stockholders' Deficiency		(118,749	)		(161,228	)
Total Stockholders’ Deficiency		(193,121	)		(169,485	)
Total Liabilities and Stockholders' Deficiency	$	782		$	251
Total Liabilities and Stockholders’ Deficiency	$	1,244		$	1,191

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

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WATERMARK GROUP, INC.

(FORMERLY WNS STUDIOS, INC)

CONDENSED STATEMENT OF OPERATIONS

(UNAUDITED)

	For the			For the			~~For the~~			~~For the~~
	Nine MonthsEnded			Nine MonthsEnded			Three MonthsEnded			Three MonthsEnded
	Three Months Ended			Three Months Ended
	January 31,2015			January 31,2016			January 31,2015			January 31,2016
	July 31, 2016			July 31, 2015
Revenues:	$	-—		$	-—		$	-		$	-
Costs and Expenses:
Rent		~~2,250~~750			~~2,250~~750			~~750~~			~~750~~
Professional Fees		189,~~258~~142			177,~~232~~935			~~4,230~~			~~3,780~~
Other General and Administrative Expenses		4,157			18,083			1,211			1,193
General and Administrative Expenses		11,427			13,703
Total Costs and Expenses		2421,~~665~~319			3722,~~565~~388			~~6,191~~			~~5,723~~
Loss from Operations		(2421,~~665~~319	)		(3722,~~565~~388	)		~~(6,191~~	)		~~(5,723~~	)
Other Income (Expense):
Interest Expense-Related Party		(32,~~454~~317	)		(41,~~914~~473	)		~~(1,162~~	)		~~(1,782~~	)
Total Other Income (Expense)		(32,~~454~~317	)		(41,~~914~~473	)		~~(1,162~~	)		~~(1,782~~	)
Net Loss	$	(2823,~~119~~636	)	$	(4223,~~479~~861	)	$	~~(7,353~~	)	$	~~(7,505~~	)
Basic and Diluted Loss Per Common Share	$	(0.01	)	$	(0.01	)	$	~~(0.00~~	)	$	~~(0.00~~	)
Weighted Average Common Shares Outstanding		4,676,111			4,505,000			4,578,333			4,505,000
Weighted Average Common Shares
Outstanding		4,505,000			4,505,000

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

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Table of Contents

WATERMARK GROUP, INC.

(FORMERLY WNS STUDIOS, INC)

CONDENSED STATEMENT OF CASH FLOWS

(UNAUDITED)

	For the			For the
	Nine MonthsEnded			Nine MonthsEnded
	Three Months Ended			Three Months Ended
	January 31,2015			January 31,2016
	July 31, 2016			July 31, 2015
Cash Flows from Operating Activities:
Net Loss	$	(2823,~~119~~636	)	$	(4223,~~479~~861	)
Adjustments to Reconcile Net Loss to Net Cash (Used) in Operating Activities:
Adjustments to Reconcile Net Loss to
Increase (Decrease) in Accrued Liabilities		7,036			(6,218	)
Net Cash (Used) in Operating Activities:
Increase in Accrued Interest Related Party		3,454			4,914
(Decrease) in Accrued Liabilities		(3,128	)		(10,911	)
Net Cash (Used) in Operating Activities		(17,629	)		(43,783	)
Increase in Accrued Interest Related Party		2,317			1,473
Cash Flows from Investing Activities:		-			-
Net Cash (Used) in Operating Activities		(24,447	)		(33,299	)
Cash Flows from Investing Activities:		—			—
Cash Flows from Financing Activities:
Proceeds of Note Payable-Related Party		124,500			4332,~~252~~750
Net Cash Provided by Financing Activities		124,500			4332,~~252~~750
(Decrease) in Cash and Cash Equivalents		(16,129	)		(531	)
Increase (Decrease) in Cash and Cash Equivalents		53			(549	)
Cash and Cash Equivalents – Beginning of Period		161,~~376~~191			782
Cash and Cash Equivalents – End of Period	$	~~247~~1,244		$	~~251~~233
Supplemental Cash Flow information:
Interest Paid	$	-—		$	-—
Income Taxes Paid	$	-—		$	-—
Non-cash investing and finance activities:
Cancellation of 220,000 Shares of common stock by the company	$	22		$	-

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

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WATERMARK GROUP, INC.

(FORMERLY WNS STUDIOS, INC)

NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

NOTE 1 - Origination and Basis of Presentation

~~The~~Watermark ~~Company~~Group, Inc. (~~formerly~~“the ~~WNS Studios, Inc~~Company”) was incorporated on May 15, 2009 under the laws of the State of Nevada. On August 18, 2015, the Company consummated the merger of WNS Studios, Inc. with its newly formed and wholly-owned subsidiary Watermark Group, Inc., a Nevada corporation. As a result of the merger, the name of the issuer was changed from WNS Studios, Inc. to Watermark Group, Inc. The Company has not yet generated revenues from planned principal operations. The Company ~~intends~~plans to ~~promote,~~acquire ~~sell~~a medical device technology and ~~distribute~~to ~~films~~fund ~~for~~future ~~studios~~development and marketing of the technology. There is no assurance, however, that the Company will achieve its objectives or goals.

In the opinion of the Company'’s management, the accompanying unaudited condensed financial statements contain all adjustments (consisting of only normal recurring adjustments) necessary to present fairly the information set forth therein. These financial statements are condensed and therefore do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statements. These condensed financial statements should be read in conjunction with the Company'’s April 30, ~~2015~~2016 audited financial statements and notes on Form 10-K filed on July 1021, ~~2015~~2016.

Results of operations for interim periods are not necessarily indicative of the results of operations for a full year.

The Company has not commenced planned principal operations. The Company has no revenues and incurred a net loss of $4223,~~479~~636 and $2823,~~119~~861 for the ~~nine months~~ quarters ended ~~January~~July 31, 2016 and 2015, respectively. In addition, the Company had a working capital deficiency of $2110,~~370~~530 and stockholders' deficiency of $~~161~~193,~~228~~121 at ~~January~~July 31, 2016. These factors raise substantial doubt about the Company'’s ability to continue as a going concern.

There can be no assurance that sufficient funds required during the next year or thereafter will be generated from operations or that funds will be available from external sources such as debt or equity financings or other potential sources. The lack of additional capital resulting from the inability to generate cash flow from operations or to raise capital from external sources would force the Company to substantially curtail or cease operations and would, therefore, have a material adverse effect on its business. Furthermore, there can be no assurance that any such required funds, if available, will be available on attractive terms or that they will not have a significant dilutive effect on the Company'’s existing stockholders.

The accompanying financial statements do not include any adjustments related to the recoverability or classification of asset-carrying amounts or the amounts and classification of liabilities that may result should the Company be unable to continue as a going concern.

Certain reclassifications have been made to prior-year comparative financial statements to conform to the current year presentation. These reclassifications had no effect on previously reported results of operations or financial position.

The Company is attempting to address its lack of liquidity by raising additional funds, either in the form of debt or equity or some combination thereof. The ~~On November 1, 2011, the~~ Company ~~began~~currently ~~borrowing~~is ~~funds~~in ~~from P&G Holdings LLC., an entity of which Moses Gross,~~ the ~~Company's~~process ~~CEO, has a 33% ownership interest under the terms~~ of araising ~~note~~One ~~whereby~~Million ~~the~~Dollars ~~borrowing cannot exceed~~ ($~~250~~1,000,000.00) Asthrough ~~of January 31, 2016~~ the ~~Company~~sale ~~had an outstanding balance~~ of ~~$121,726~~restricted ~~(see Note 2)~~stock. ~~The Company borrowed $43,252 on this note for the nine months ended January 31, 2016.~~

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Table of Contents

WATERMARK GROUP, INC.

(FORMERLY WNS STUDIOS, INC)

NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

NOTE 2 - Note Payable – Related Party

On November 1, 2011 , the Company issued a promissory note to P&G Holdings LLC, an entity that is 33% owned by Moses Gross, the Company'’s CEO and significant stockholder. The note bears interest at 6% per annum; ~~principal~~ and ~~interest~~is ~~are~~ due on November 1, 2015. Under the terms of the note, the Company may borrow from P&G, from time to time, any amount in increments of up to $100,000, however that the aggregate principal amount outstanding under the note ~~shall~~could not exceed $126,275. On July 7, 2015 the note was amended to increase the maximum aggregate principal amount to $250,000. All other terms of the note remained the same.On December 11, 2015 the note was amended to extend the maturity date to November 1, 2017. As of January 31, 2016 the total outstanding principal was $121,726.

On July 7, 2015, the note was amended to increase the maximum aggregate principal amount to $250,000. On December 11, 2015, the note was amended to extend the maturity date to November 1, 2017. All other terms of the note remained the same. As of July 31, 2016 and April 30, 2016, the total outstanding principal was $160,226 and $135,726, respectively.

NOTE 3 - Preferred Stock

The Company'’s Board of Directors may, without further action by the Company'’s stockholders, from time to time, direct the issuance of any authorized but unissued or unreserved shares of preferred stock in series and at the time of issuance, determine the rights, preferences and limitations of each series. The holders of preferred stock may be entitled to receive a preference payment in the event of any liquidation, dissolution or winding-up of the Company before any payment is made to the holders of the common stock. Furthermore, the board of directors could issue preferred stock with voting and other rights that could adversely affect the voting power of the holders of the common stock.

NOTE 4 - Subsequent ~~Common Stock~~Events

InOn ~~December~~August ~~2014~~24, 2016, the Company's ~~Board~~borrowed ofan ~~Directors~~additional ~~authorized~~$12,225 ~~the~~from ~~cancellation~~P&G ofHoldings, ~~220~~LLC,~~000~~ ~~shares~~thereby ofincreasing ~~common~~the ~~stock~~principal ~~previously~~amount ~~issued~~owed into ~~error~~P&G Holdings, LLC to $172,451 (see Note 2).

~~NOTE~~On ~~5 –~~August ~~Subsequent~~29, 2016, ~~Events~~Moses Gross sold all 3,600,000 shares of common stock of the Company held by him (which represented 80% of the total issued and outstanding capital stock of the Company), to Double Grouper, LLC (“Double Grouper”) for a purchase price of $25,000 pursuant to the terms and provisions of a stock purchase agreement entered into on August 29, 2016. Effective August 29, 2016, in connection with the closing of the stock purchase agreement, Mr. Gross resigned as the sole officer and director of the Company and Adam Kovacevic, managing member of Double Grouper, was appointed sole director of the Company. As part of the transaction, the Company and Manhattan Transfer Registrar Company (“Manhattan Transfer”) entered into a transfer agent letter as described in the Form 8-K filed on September 7, 2016 (the “Transfer Agent Letter).

~~The~~On September 9, 2016, the Director of the Company ~~has~~approved ~~evaluated~~termination ~~subsequent~~with ~~events~~Manhattan ~~through~~Transfer, the ~~date~~transfer ~~the~~agent ~~financial~~for ~~statements~~our ~~were~~common ~~issued~~stock. ~~and~~On September up9, to2016, we sent a termination notice (the ~~time~~“Termination ofNotice”) ~~filing~~to Manhattan Transfer. The Termination Notice was effective immediately upon Manhattan Transfer receiving Termination Notice and payment of ~~the~~all ~~financial~~outstanding ~~statements~~fees. ~~with~~All fees were paid on September 12, 2016. Upon termination of Manhattan Transfer, the ~~Securities~~Transfer ~~and~~Agent ~~Exchange~~Letter ~~Commission~~was terminated.

On ~~March 8~~September 9, 2016, the ~~Company~~Director ~~borrowed~~of anthe ~~additional~~Company ~~$6,000~~approved ~~from~~engagement ~~P&G~~with ~~Holdings,~~Issuer ~~LLC,~~Direct ~~thereby~~Corporation ~~increasing~~(“Issuer ~~the~~Direct”) ~~principal~~as ~~amount~~new ~~owed~~transfer agent tofor ~~P&G~~our ~~Holdings,~~common ~~LLC to $127~~stock,~~726 (see~~ ~~Note~~effectively 2)immediately.

7On September 15, 2016, Double Grouper, LLC sold all 3,600,000 shares of common stock of the Company held by it (which represented 80% of the total issued and outstanding capital stock of the Company), to Ted Murphy for a purchase price of $50,000 pursuant to the terms and provisions of a stock purchase agreement entered into effective September 15, 2016. Effective September 15, 2016, in connection with the closing of the stock purchase agreement, Mr. Kovacevic resigned as the sole officer and director of the Company and Ted Murphy was appointed sole director of the Company.

~~Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations~~-6-

AsTable ~~used~~of ~~in this Form 10-Q, references to "Watermark Group," the "Company," "we," "our" or "us" refer to Watermark Group, Inc. unless the context otherwise indicates.~~Contents

~~Forward-Looking~~Item ~~Statements~~2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

~~The~~As ~~following~~used ~~discussion should be read~~ in ~~conjunction with our financial statements, which are included elsewhere in~~ this Form 10-Q, ~~(the~~references ~~"Report"). This Report contains forward-looking statements which relate~~ to ~~future~~“Watermark Group, ~~events or our future financial performance~~Inc. ~~In some cases~~,” ~~you can identify forward-looking statements by terminology such as "may," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential" or "continue" or~~ the ~~negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks~~“Company,” ~~uncertainties~~“we,” ~~and other factors that may cause~~ “our” or ~~our~~“us” ~~industry's~~refer ~~actual results, levels of activity, performance or achievements~~ to beWatermark ~~materially different from any future results~~Group, Inc. ~~levels~~unless ofthe ~~activity,~~context ~~performance~~otherwise ~~or achievements expressed or implied by these forward-looking statements~~indicates.

~~While these forward~~Forward-~~looking~~Looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein. We assume no obligation to update forward-looking statements, except as otherwise required under the applicable federal securities laws.Statements

~~Overview~~The following discussion should be read in conjunction with our financial statements, which are included elsewhere in this Form 10-Q (the “Report”). This Report contains forward-looking statements which relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology such as “may,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “potential” or “continue” or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties, and other factors that may cause our or our industry’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.

~~Plan~~While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of ~~Operation~~our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein. We assume no obligation to update forward-looking statements, except as otherwise required under the applicable federal securities laws.

We were incorporated under the laws of the State of Nevada on May 15, 2009. We intend to acquire suitable scripts or the rights to scripts to promote, syndicate and produce for commercial distribution. We will attempt to raise funds for such productions from private investors through debt or equity financings. Overview

~~From~~Plan ~~our~~of inception to date, we have not generated any revenues, and our operations have been limited to organizational, start-up, capital formation activities. We currently have no employees other than our sole executive officer and director.Operation

We dowere ~~not~~incorporated ~~have~~under athe laws ~~functioning~~of ~~website~~the atState ~~this~~of ~~time~~Nevada on May 15, 2009. Until the purchase of 80% of the issued and outstanding capital stock of the Company by Double Grouper LLC, a Florida limited liability company (“Double Grouper”), as described below, we intended to acquire suitable scripts or the rights to scripts to promote, syndicate and produce for commercial distribution through the contacts of our sole officer and director, Moses Gross, and to attempt to raise funds for such productions from private investors through debt or equity financings.

~~Through~~From ~~the contacts of~~ our ~~sole~~inception ~~officer~~to ~~and director~~date, ~~Moses Gross,~~ we have ~~intend~~not togenerated ~~locate~~any scripts that we believe suitable for development into final productions. We plan to purchase such script or the rights to use such script from the author in accordance with terms negotiated with such authorrevenues, ~~which may or may not include royalties. We would then locate a suitable film or television studio to produce the script. We would have to determine production costs~~ and ~~budgets~~our ~~necessary~~operations ~~to develop the script. Once we~~ have ~~determined~~been ~~the~~limited ~~cost of a production and established a final budget, we plan~~ to promote the scripts to private investors in an effort to raise financing through private placement offerings of debt or equity. If we are successful in raising sufficient financing for the production of the finished productorganizational, ~~we will have to hire talent~~start-up, ~~contract with vendors~~ and acapital ~~film~~formation ~~or television company for the actual production of each script~~activities. We will be responsible for all of the production costs. We plan to distribute the finished product to distribution houses, studios and to showcase at film festivals and by cold calling. Our plan is to generate revenues from marketing and distributing the final production.

WeOn ~~currently~~August ~~have~~29, no2016, ~~arrangements~~Moses ~~with~~Gross sold ~~any~~all ~~script~~3,600,000 ~~writers~~shares orof ~~producers.~~common ~~Upon~~stock ~~entering~~of ~~into~~the ~~agreements~~Company ~~with~~held ~~third~~by ~~parties,~~him ~~based~~(which ~~upon~~represented ~~such~~80% ~~agreements~~of the ~~Company~~total ~~will~~issued beand ~~able~~outstanding capital tostock ~~determine~~of ~~when revenues will be recognized. Currently~~ the Company), ~~has~~to noDouble ~~revenue~~Grouper ~~source.~~for ~~Revenues~~a ~~from~~purchase ~~the~~price ~~sale or licensing~~ of ~~films~~$25,000 ~~and~~pursuant isto ~~recognized~~the ~~upon~~terms ~~meeting~~and ~~all~~provisions ~~recognition requirements~~ of ~~Statement~~a ofstock purchase ~~Position~~agreement ~~(SOP)~~entered ~~00-2~~into ~~''Accounting~~on byAugust ~~Producers~~29, ~~or Distributors of Films''~~2016. ~~Revenue~~Effective ~~from~~August ~~the~~29, ~~theatrical~~2016, ~~release~~in ofconnection ~~feature~~with ~~films is recognized at~~ the ~~time~~closing of ~~exhibition based on~~ the ~~Company's~~stock ~~participation~~purchase agreement, ~~in box office receipts~~Mr. ~~Revenue~~Gross ~~from~~resigned as the ~~sale~~sole ofofficer ~~digital~~and ~~video~~director ~~disks~~of ~~(''DVDs'') in~~ the ~~retail~~Company ~~market, net of an allowance for estimated returns~~ and ~~other~~Adam ~~allowances~~Kovacevic, ismanaging ~~recognized~~member ~~on the later~~ of ~~shipment~~Double toGrouper, was ~~the~~appointed ~~customer~~sole ordirector ~~''street~~of ~~date'' (when it is available for sale by~~ the ~~customer)~~Company. ~~Under~~As ~~revenue~~part ~~sharing~~of ~~arrangements~~the transaction, ~~rental revenue is recognized when~~ the Company ~~is entitled to receipts~~ and ~~such~~Manhattan ~~receipts~~Transfer ~~are~~Registrar ~~determinable.~~Company ~~Revenue~~(“Manhattan Transfer”) ~~from~~entered ~~sales~~into toa ~~international~~transfer ~~territories~~agent isletter ~~recognized~~as ~~when~~described ~~access~~in to the ~~feature~~Form ~~has~~8-K ~~been~~filed ~~granted~~on orSeptember ~~delivery has occurred~~7, as2016 ~~required under~~ (the ~~sales~~“Transfer Agent ~~contract, and the right to exploit the feature film has commenced~~Letter).

8On September 9, 2016, the Director of the Company approved termination with Manhattan Transfer, the transfer agent for our common stock. On September 9, 2016, we sent a termination notice (the “Termination Notice”) to Manhattan Transfer. The Termination Notice was effective immediately upon Manhattan Transfer receiving Termination Notice and payment of all outstanding fees. All fees were paid on September 12, 2016. Upon termination of Manhattan Transfer, the Transfer Agent Letter was terminated.

We also intend to borrow from P&G Holdings LLC ("P&G"), an entity owned 33% by Moses Gross, our sole officer and director, to fund our operations until we locate a suitable script to produce and finalize an agreement with the author or playwright. The time frame to produce a film varies on the project, and marketing efforts will begin upon the start of the film production through film festivals and cold calling. Revenues, if any, will be generated only through the sales of the finished product.-7-

~~Through~~Table ~~the contacts~~ of our sole officer and director, Moses Gross, we hope to find a script which Mr. Gross feels would be appropriate. After entering into an agreement with the author of the script, the Company will then cold call individual movie producers requesting them to avail themselves of our services. We currently have no arrangements with any script writers or producers.Contents

~~During~~On ~~the~~September ~~next~~9, 122016, ~~months~~the ~~we estimate that we will need a minimum~~ Director of ~~$59,300~~the toCompany ~~utilize~~approved ~~for~~engagement ~~website~~with ~~($9,300);~~Issuer ~~marketing~~Direct ~~($11,000);~~Corporation ~~travel~~ (~~$5,000);~~“Issuer ~~rent ($3,000~~Direct”) ~~and costs of operating~~ as anew ~~public~~transfer ~~company~~agent ~~(legal~~for ~~$17~~our common stock,~~000;~~ ~~accounting~~effectively ~~$14,000)~~immediately.

IfOn weSeptember ~~are~~15, ~~not~~2016, Double ~~successful~~Grouper, ~~and~~LLC dosold ~~not~~all ~~commence operations~~3,600,000 weshares ~~estimate~~of ~~that~~common westock ~~will~~of ~~need~~the noCompany ~~less~~held ~~than~~by ~~$24~~it (which represented 80% of the total issued and outstanding capital stock of the Company),~~120,~~ orto ~~approximately~~Ted Murphy for a purchase price of $250,~~010~~000 onpursuant to the terms and provisions of a ~~monthly~~stock ~~basis~~purchase agreement entered into effective September 15, ~~for~~2016. ~~rent~~Effective ~~($3~~September 15,~~000~~ 2016, orin connection ~~$250~~with ~~per~~the ~~month);~~closing ~~legal~~of ~~($12,000);~~the ~~accounting~~stock ~~($8~~purchase agreement,~~000);~~ ~~telephone~~Mr. ~~$720~~Kovacevic ~~($60~~resigned ~~per~~as ~~month)~~the sole officer and ~~miscellaneous~~director ~~($400).~~of the Company and Ted Murphy was appointed sole director of the Company.

On a monthly basis we incur approximately $4,940 of expenses. Since we currently do not have sufficient available cash, we will continue offering our securities and borrowing from P&G to pay for our expenses. We currently have no plans or arrangements to obtain financing through private offerings of debt or equity. We currently have no agreements, arrangements or understandings with any person to obtain funds through bank loans, lines of credit or any employees other ~~sources.~~than ~~Since the Company has no such arrangements or plans currently in effect,~~ our ~~inability~~sole toexecutive ~~raise~~officer ~~funds~~and ~~for the above purposes will have a severe negative impact on our ability to remain a viable company~~director.

~~Currently~~We ~~the~~do Company has the ability to borrow an additional $128,274 from P&G. As of January 31, 2016 the total outstanding principal was $121,726. There can be no assurance that sufficient funds required in the future will be generated from operations or that funds will be available from external sources such as debt or equity financings or other potential sources. The lack of additional capital resulting from the inability to generate cash flow from operations or to raise capital from external sources would force the Company to substantially curtail or cease operations and would, therefore, have a material adverse effect on its business. Furthermore, there can be no assurance that any such required funds, if available, will be available on attractive terms or that they will not have a ~~significant~~functioning ~~dilutive~~website at ~~effect~~this ~~on the Company's existing stockholders~~time.

~~Results~~The Company plans to acquire a medical device technology and to fund future development and marketing of ~~Operations~~the technology.

~~For~~During the ~~three~~next 12 months ~~ended~~we ~~January~~estimate that 31we will need a minimum of $1,000,000 ~~2016~~for ~~and~~our ~~January~~operations 31which will include development costs, ~~2015~~marketing costs, production costs and sales, general and administrative expenses.

~~Revenues~~If we are not successful and do not commence operations, we estimate that we will need no less than $180,000, or approximately $15,000 on a monthly basis, for a period of one (1) year.

~~The~~On ~~Company~~a ~~did~~monthly ~~not~~basis ~~generate~~we incur approximately $10,000 of expenses. We currently plan to obtain financing through private offerings of debt or equity through individuals. We currently have no agreements, arrangements or understandings with any ~~revenues~~person ~~during~~to obtain funds through bank loans, lines of credit or any other sources. Since the ~~three~~Company ~~months~~has ~~ended~~no ~~January~~such ~~31,~~arrangements ~~2016~~or ~~and~~plans ~~January~~currently 31in effect, ~~2015~~our inability to raise funds for the above purposes will have a severe negative impact on our ability to remain a viable company.

~~Total~~As ~~operating~~of ~~expenses~~July 31, 2016, the total outstanding principal was $160,226 and accrued interest at the annual rate of 6% on the P&G Note was $22,365. On August 24, 2016 the Company borrowed an additional $12,225 from P&G, increasing the outstanding principal to $172,451. The maturity date of the Note is November 1, 2017. There can be no assurance that sufficient funds required in the future will be generated from operations or that funds will be available from external sources such as debt or equity financings or other potential sources. The lack of additional capital resulting from the inability to generate cash flow from operations or to raise capital from external sources would force the Company to substantially curtail or cease operations and would, therefore, have a material adverse effect on its business. Furthermore, there can be no assurance that any such required funds, if available, will be available on attractive terms or that they will not have a significant dilutive effect on the Company's existing stockholders.

~~For~~Results ~~the three months ended January 31, 2016, total operating expenses were $5,723, which included rent in the amount~~ of $750, professional fees in the amount of $3,780 and general and administrative expenses of $1,193. For the three months ended January 31, 2015, total operating expenses were $6,191, which included professional fees of $4,230, rent of $750 and general and administrative expenses of $1,211. The amount of operating expenses decreased approximately 7.6% primarily as a result of the decrease in professional fees.Operations

9For the three months ended July 31, 2016 and July 31, 2015

~~Net loss~~Revenues

~~For~~The ~~the three months ended January 31, 2016, the~~ Company ~~had~~did anot ~~net~~generate ~~loss~~any ofrevenues during ~~$7,505, as compared to a net loss for~~ the three months ended ~~January~~July 31, ~~2015~~2016 ofand $7July 31,~~353.~~ 2015.

~~For~~Total ~~the~~operating ~~nine months ended January 31, 2016 and January 31, 2015~~expenses

~~Revenues~~For the three months ended July 31, 2016, total operating expenses were $21,319, which included professional fees of $9,142, rent of $750 and general and administrative expenses of $11,427. For the three months ended July 31, 2015, total operating expenses were $22,388, which included professional fees of $7,935, rent of $750 and general and administrative expenses of $13,703.

~~The Company did not generate any revenues during the nine months ended January 31, 2016 and January 31, 2015.~~-8-

~~Total~~Table ~~operating~~of ~~expenses~~Contents

~~For~~Net the nine months ended January 31, 2016, total operating expenses were $37,565, which included professional fees of $17,232, rent of $2,250 and general and administrative expenses of $18,083. For the nine months ended January 31, 2015, total operating expenses were $24,665, which included rent in the amount of $2,250, professional fees in the amount of $18,258 and general and administrative expenses of $4,157. Operating expenses increased approximately 52% which was primarily attributable to filing and professional fees related to the merger in August 2015. loss

~~Net~~For the three months ended July 31, 2016, the Company had a net loss of $23,636, as compared to a net loss for the three months ended July 31, 2015 of $23,861.

~~For~~Liquidity ~~the~~and ~~nine~~Capital ~~months ended January 31, 2016, the Company had a net loss of $42,479, as compared to a net loss for the nine months ended January 31, 2015 of $28,119.~~ Resources

~~Liquidity~~As of July 31, 2016, the Company had a cash balance of $1,244. We do not have sufficient funds to operate for the next twelve months. There can be no assurance that additional capital will be available to the Company. As of July 31, 2016, we were indebted to P&G in the principal amount of $160,226 and ~~Capital~~accrued ~~Resources~~interest was $22,365. Interest is payable on the principal owed to P&G at the annual rate of 6%; interest and principal are due and payable on November 1, 2017.

AsWe ofcurrently ~~January~~plan ~~31,~~to ~~2016,~~obtain ~~the~~financing through ~~Company~~private ~~had~~offerings aof ~~cash~~debt ~~balance~~or ofequity ~~$251~~through individuals. We docurrently ~~not~~ have ~~sufficient~~no ~~funds~~agreements, toarrangements ~~operate~~or ~~for~~understandings with ~~the~~any ~~next~~person ~~twelve~~to ~~months.~~obtain ~~There~~funds ~~can~~through bebank noloans, ~~assurance~~lines ~~that~~of ~~additional~~credit ~~capital~~or ~~will~~any beother ~~available~~sources. toSince the Company. Ashas ofno ~~January~~such ~~31,~~arrangements or ~~2016~~plans ~~the~~currently ~~total~~in ~~outstanding~~effect, ~~principal~~our oninability ~~the note~~ to ~~P&G~~raise ~~was~~funds ~~$121,726.~~for ~~Interest is payable on~~ the ~~principal~~above ~~owed~~purposes towill ~~P&G~~have ata ~~the~~severe ~~annual~~negative ~~rate~~impact ofon ~~6%;~~our ~~interest~~ability to ~~and~~remain ~~principal~~a ~~are~~viable ~~due and payable on November 1, 2017~~company.

~~Other~~Going ~~than~~Concern the loan from P&G described above, we currently have no agreements, arrangements or understandings with any person or entity to obtain funds through bank loans, lines of credit or any other sources. Since the Company has no such arrangements or plans currently in effect, its inability to raise funds for the above purposes will have a severe negative impact on its ability to remain a viable company.Consideration

~~Going~~The ~~Concern~~Company has ~~Consideration~~not commenced planned principal operations. The Company had no revenues and incurred a net loss of $23,636 for the three months ended July 31, 2016. In addition, the Company had a working capital deficiency of $10,530 and stockholders' deficiency of $193,121 at July 31, 2016. These factors raise substantial doubt about the Company’s ability to continue as a going concern. The financial statements do not include any adjustments that might be necessary if we are unable to continue as a going concern.

The Company ~~has~~believes ~~not~~that ~~commenced~~it ~~planned~~will ~~principal~~need approximately ~~operations~~$120,000 to fund its expenses and execute its business plan over the next twelve months. ~~The~~There ~~Company~~can ~~has~~be no ~~revenues~~assurance that ~~and~~additional ~~incurred~~capital awill ~~net~~be ~~loss~~available ofto ~~$42,479~~us ~~and~~or ~~$28,119~~available ~~for~~on ~~the~~terms ~~nine~~favorable ~~months~~to ~~ended~~us. ~~January~~If ~~31,~~additional ~~2016~~funds ~~and~~are ~~2015,~~raised ~~respectively.~~by Inthe ~~addition~~issuance of our equity securities, ~~the~~such ~~Company~~as ~~had~~through athe ~~working~~issuance ~~capital~~and ~~deficiency~~exercise of ~~$21~~warrants,~~370~~ ~~and~~then existing stockholders' ~~deficiency~~will experience dilution of ~~$161,228~~their atownership ~~January~~interest. 31If additional funds are raised by the issuance of debt or other equity instruments, ~~2016.~~we ~~These~~may ~~factors~~be ~~raise~~subject to ~~substantial~~certain ~~doubt~~limitations ~~about~~in ~~the~~our ~~Company's~~operations, ~~ability~~and issuance of such securities may have rights senior to ~~continue~~those asof athe ~~going~~then ~~concern~~existing holders of common stock. ~~The~~If ~~financial~~adequate ~~statements~~funds doare not ~~include~~available ~~any~~or ~~adjustments~~not ~~that~~available ~~might~~on beacceptable ~~necessary~~terms, if we ~~are~~may be unable to ~~continue~~fund asand develop aour ~~going concern~~business.

~~The~~Off-Balance ~~Company~~Sheet believes that it will need approximately $60,000 to fund its expenses and execute its business plan over the next twelve months. There can be no assurance that additional capital will be available to us or available on terms favorable to us. If additional funds are raised by the issuance of our equity securities, such as through the issuance and exercise of warrants, then existing stockholders will experience dilution of their ownership interest. If additional funds are raised by the issuance of debt or other equity instruments, we may be subject to certain limitations in our operations, and issuance of such securities may have rights senior to those of the then existing holders of common stock. If adequate funds are not available or not available on acceptable terms, we may be unable to fund and develop our business. Arrangements

10We have no off-balance sheet arrangements.

Off-Balance Sheet Arrangements

We have no off-balance sheet arrangements.

Item 3. Quantitative and Qualitative Disclosures About Market Risk

A smaller reporting company, as defined by Item 10 of Regulation S-K, is not required to provide the information required by this item.

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Table of Contents

Item 4. Controls and Procedures

Evaluation of Disclosure Controls and Procedures

Our disclosure controls and procedures are designed to ensure that information required to be disclosed in reports that we file or submit under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the time periods specified in the rules and forms of the United States Securities and Exchange Commission. Our Chief Executive Officer and our Chief Financial Officer have evaluated the effectiveness of our "“disclosure controls and procedures"” (as defined in the Securities Exchange Act of 1934 Rules 13a-15(e) and 15d-15(e)) as of ~~January~~July 31, 2016, the end of the period covered by this report and have concluded that our disclosure controls and procedures were effective to ensure that material information relating to the Company is recorded, processed, summarized, and reported in a timely manner.

Changes in Internal Controls over Financial Reporting

During the quarter ended ~~January~~July 31, 2016, there were no changes in internal control over financial reporting that have materially affected, or are reasonably likely to materially affect our internal control over financial reporting.

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Table of Contents

PART II - OTHER INFORMATION

Item 1. Legal Proceedings

There are no pending legal proceedings to which the Company is a party or in which any director, officer or affiliate of the Company, any owner of record or beneficially of more than 5% of any class of voting securities of the Company, or security holder is a party adverse to the Company or has a material interest adverse to the Company. The Company'’s property is not the subject of any pending legal proceedings.

Item 1A. Risk Factors

A smaller reporting company, as defined by Item 10 of Regulation S-K, is not required to provide the information required by this item.

Item 2. Unregistered Sale of 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~~Not applicable.

Item 6. Exhibits

Exhibit No.		Description
31	(1)	Rule 13a-14(a)/15d-14(a) Certifications
32	(1)	Section 1350 Certifications
101.INS		XBRL Instance Document
101.INS*	(1)	XBRL Instance Document
101.SCH		XBRL Taxonomy Extension Schema Document
101.SCH*	(1)	XBRL Taxonomy Extension Schema
101.CAL		XBRL Taxonomy Extension Calculation Linkbase Document
101.CAL*	(1)	XBRL Taxonomy Extension Calculation Linkbase
101.DEF		XBRL Taxonomy Extension Definition Linkbase Document
101.DEF*	(1)	XBRL Taxonomy Extension Definition Linkbase
101.LAB		XBRL Taxonomy Extension Label Linkbase Document
101.LAB*	(1)	XBRL Taxonomy Extension Label Linkbase
101.PRE		XBRL Taxonomy Extension Presentation Linkbase Document
101.PRE*	(1)	XBRL Taxonomy Extension Presentation Linkbase

13 _____________________________________________________

(1) Filed as an exhibit to this Report.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	WATERMARK GROUP, INC.
Dated: March 22, 2016	By:	/s/ Moses Gross
Dated: September 21, 2016	By:	/s/ Ted Murphy
	Name:	~~Moses~~Ted ~~Gross~~Murphy
	Title:	President, Chief Executive Officer, Treasurer and a director~~(Principal Executive, Financial and Accounting Officer)~~
		(Principal Executive, Financial and Accounting Officer)

14 -12-

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