UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-K

(Mark One)

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

For the fiscal year ended December 31, ~~2015~~2016

¨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: 333-148910

ADAMA TECHNOLOGIES CORPORATION (Exact name of Company as specified in its charter)

(Exact name of Company as specified in its charter)

Delaware		98-0552470
(State or other jurisdiction of incorporation)		(IRS Employer Identification No.)

10120 S. Eastern Avenue, Suite 130, Henderson, NV		89052
110 Director’s Row, Suite B Jackson, TN		38301
(Address of principal executive offices)		(Zip Code)

Company’s telephone number, including area code: (702) 896-1009

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

Securities registered pursuant to section 12(g) of the Act: Common Stock, $0.0001 par value

Indicate by check mark if the Company is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.

Yes ¨ o No x o

Indicate by check mark if the Company is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.

Yes ¨ o No x o

Check whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter period that the Company was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes x No ¨

1)		Yes o No o
2)		Yes o No o

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (§229.405 of this chapter) is not contained herein, and will not be contained, to the best of Company’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K.

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

Large accelerated filer ¨o Accelerated filer ¨o Non-accelerated filer ¨o Smaller reporting company xo ~~(Do~~Emerging ~~not~~Growth ~~check~~Company ~~if a smaller reporting company)~~o

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

Indicate by check mark whether the Company is a shell company (as defined in Rule 12b-2 of the Act).

Yes x o No ¨ o

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. o

State the aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was last sold, or the average bid and asked price of such common equity, as of the last business day of the Company’s most recently completed fiscal quarter.

Approximately $15,~~315~~621,~~000~~936 based upon $.~~006~~055 per share which was the last price at which the common equity purchased by non-affiliates was last sold.

The number of shares of the issuer’s common stock issued and outstanding as of ~~June~~October 61, ~~2016~~2017 was ~~328~~157,~~851~~217,~~197~~031 shares.

TABLE OF CONTENTS

		Page
PART I
Item 1	Business	14
Item 1A	Risk Factors	46
Item 1B	Unresolved Staff Comments	48
Item 2	Properties	58
Item 3	Legal Proceedings	58
Item 4	Removed and Reserved	59
PART II
Item 5	Market for Company’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities	59
Item 6	Selected Financial Data	69
Item 7	Management’s Discussion and Analysis of Financial Condition and Results of Operation	610
Item 7A	Quantitative and Qualitative Disclosures About Market Risk	711
Item 8	Financial Statements.	711
Item 9	Changes in and Disagreements With Accountants on Accounting and Financial Disclosure	711
Item 9A	Controls and Procedures	711
Item 9B	Other Information	812
PART III
Item 10	Directors, Executive Officers and Corporate Governance	912
Item 11	Executive Compensation	1113
Item 12	Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters	1114
Item 13	Certain Relationships and Related Transactions, and Director Independence	1214
Item 14	Principal Accountant Fees and Services	1214
PART IV
Item 15	Exhibits, Financial Statement Schedules	1316
SIGNATURES		1316

~~ADAMA~~Cautionary Note ~~TECHNOLOGIES~~Regarding ~~CORPORATION~~Forward Looking Statements

~~Annual~~This ~~Report~~annual report contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.The words “believe,” “expect,” “anticipate,” “intend,” “estimate,” “may,” “should,” “could,” “will,” “plan,” “future,” “continue, “ and other expressions that are predictions of or indicate future events and trends and that do not relate to historical matters identify forward-looking statements. These forward-looking statements are based largely on ~~Form~~our 10expectations or forecasts of future events, can be affected by inaccurate assumptions, and are subject to various business risks and known and unknown uncertainties, a number of which are beyond our control. Therefore, actual results could differ materially from the forward-Klooking ~~for~~statements contained in this document, and readers are cautioned not to place undue reliance on such forward-looking statements. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. A wide variety of factor could cause or contribute to such differences and could adversely impact revenues, profitability, cash flows and capital needs. There can be no assurance that the forward-looking statements contained in this document will, in fact, transpire or prove to be accurate. These statements are only predictions and involve known and unknown risks, uncertainties and other factors, including the risks in the section entitled “Risk 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 any forward-looking statements.

~~Year~~Important ~~Ended~~factors ~~December~~that 31may cause the actual results to differ from the forward-looking statements, ~~2015.~~projections or other expectations include, but are not limited to, the following:

~~FORWARD~~● ~~LOOKING~~risk ~~STATEMENTS~~that we will not be able to remediate identified material weaknesses in our internal control over financial reporting and disclosure controls and procedures; ● risk that we fail to meet the requirements of the agreements under which we acquired our business interests, including any cash payments to the business operations, which could result in the loss of our right to continue to operate or develop the specific businesses described in the agreements; ● risk that we will be unable to secure additional financing in the near future in order to commence and sustain our planned development and growth plans; ● risk that we cannot attract, retain and motivate qualified personnel, particularly employees, consultants and contractors for our operations; ● risks and uncertainties relating to the various industries and operations we are currently engaged in; ● results of initial feasibility, pre-feasibility and feasibility studies, and the possibility that future growth, development or expansion will not be consistent with our expectations; ● risks related to the inherent uncertainty of business operations including profit, cost of goods, production costs and cost estimates and the potential for unexpected costs and expenses; ● risks related to commodity price fluctuations; ● the uncertainty of profitability based upon our history of losses; ● risks related to failure to obtain adequate financing on a timely basis and on acceptable terms for our planned development projects; ● risks related to environmental regulation and liability; ● risks related to tax assessments; ● other risks and uncertainties related to our prospects, properties and business strategy. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this report. Except as required by law, we do not undertake to update or revise any of the forward-looking statements to conform these statements to actual results, whether as a result of new information, future events or otherwise. As used in this annual report, “Adama,” the “Company,” “we,” “us,” or “our” refer to Adama Technologies Corp., unless otherwise indicated.

ADAMA TECHNOLOGIES CORPORATION
Annual Report on Form 10-K for the
Year Ended December 31, 2016.
FORWARD LOOKING STATEMENTS

This annual report on Form 10-K for Adama Technologies Corporation (the “Company”) contains forward-looking statements that involve risks and uncertainties, as well as assumptions that, if they never materialize or prove incorrect, could cause the results of the Company to differ materially from those expressed or implied by such forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including any projections of revenue, expenses, earnings or losses from operations or investments, or other financial items; any statements of the plans, strategies and objectives of management for future operations; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. The risks, uncertainties and assumptions referred to above include risks that are described from time to time in our Securities and Exchange Commission, or the SEC, reports filed before this report.

The forward-looking statements included in this annual report represent our estimates as of the date of this annual report. We specifically disclaim any obligation to update these forward-looking statements in the future. Some of the statements in this annual report constitute forward-looking statements, which relate to future events or our future performance or financial condition. Such forward-looking statements contained in this annual report involve risks and uncertainties.

We use words such as anticipates, believes, expects, future, intends and similar expressions to identify forward-looking statements. Our actual results could differ materially from those projected in the forward-looking statements for any reason. We caution you that forward-looking statements of this type are subject to uncertainties and risks, many of which cannot be predicted or quantified.

The following analysis of our financial condition and results of operations should be read in conjunction with our financial statements and the related notes thereto contained elsewhere in this Form 10-K, as well as the risk factors included in this Form 10-K under Item 1A.

Item 1. Business.

HISTORY OF OUR COMPANY

We were incorporated in Delaware on September 17, 2007 as 1 Lane Technologies Corporation. On February 27, 2009, our corporate name was changed to Adama Technologies Corporation to better reflect our business activities. We acquired the rights to a patent-pending technology upon which a unique wireless data platform is built. On October 27, 2008, we abandoned the business relating to the patented technology and executed an exclusive brownfield license agreement with Solucorp Industries Ltd., pursuant to which we acquired a 15-year license to certain environmental hazard remediation technology. Subsequently, we have acquired and thereafter abandoned several mining and mining related companies, but as of December 31, 2014, we became a shell company and have no operating activities. On September 10, 2015, the Company entered into an Agreement and Plan of Merger and Acquisition with Incubator Holdings, Inc., a Wyoming corporation (the “Agreement”). Under the terms of that Agreement, Incubator Holdings formed an acquisition subsidiary, ADAC Acquisition Corp. in Florida; Incubator Holdings, Inc. (Wyoming) merged with that Florida subsidiary. This Agreement was later unwound by the board, however, the plan to continue with the reverse split of the common shares of the stock that was previously approved by the Board and Shareholders. This decision was submitted to the ADAC preferred shareholder and approved by vote of the preferred shares representing 51 percent of the total votes of all shareholders. ADAC, by Board resolutions and majority preferred shareholder vote, approved and reaffirmed this reverse action on November 1, 2016. On November 18, 2016 FINRA effectuated this reverse and stock was reverse 250 to 1. On November 23, 2016 Adama Technologies successfully completed its acquisition of Alpine Industries, a defense contractor that manufactures a number of parts for the United States government. This purchase and sale agreement was disclosed in an 8-K filed on December 13, 2016. With Alpine having substantial annual revenues, Adama Technologies underwent a reverse merger and ceased to be a shell company at that time.

Our principal executive offices are now located at ~~10120~~110 S.Director’s ~~Eastern Avenue~~Row, Suite ~~130,~~B ~~Henderson~~Jackson, ~~Nevada~~TN ~~89052 in space provided by Incubator Holdings, Inc~~38301. ~~We are being provided this space for no additional charge.~~ Our registered office in Delaware is located at 113 Barksdale Professional Center, Newark, DE 19711, and our registered agent is Delaware Intercorp. Our fiscal year end is December 31.

~~Our Current~~OUR ~~Business~~CURRENT BUSINESS

During ~~prior~~the ~~fiscal~~past ~~years,~~year weour ~~engaged~~main inbusiness ~~various~~was ~~mining~~derived ~~and~~from ~~mineral~~our ~~activities~~reverse ~~through~~merger ~~acquisition~~target, ~~and~~Alpine ~~licensing transactions~~Industries, aswhich ~~reported~~is in a ~~prior~~defense ~~period~~contractor ~~reports~~ for divisions of the United States ~~fiscal~~military. ~~year~~We ~~ending~~derive ~~December~~most ~~31,~~of ~~2013~~our revenues from government contracts. Our contracts are principally with the Department of Defense and ~~prior~~various ~~fiscal~~military ~~years~~acquisition organizations. InAlpine is in the ~~year~~process ~~ended~~of ~~December~~continually ~~31,~~expanding ~~2014,~~its webase ~~terminated~~of ~~all~~operation. ~~mining~~It ~~and~~looks ~~mineral~~to develop a broader range of activities ~~and~~to ~~began~~accomplish ~~actively~~its ~~seeking~~objectives. ~~merger~~To orthat ~~acquisition~~end ~~partners~~Alpine ashas ~~our~~focused ~~sole~~on ~~activity~~developing its commercial services division and has developed key relationships to facilitate that. AsAlpine has developed a ~~result,~~key werelationship ~~are~~with ~~now~~IPEX ~~classified~~Corporation asbased aout ~~shell~~of ~~company~~Canada. ~~under~~Throughout ~~Rule~~the ~~12b-2~~year ~~under~~we have serviced 11 Research and Development contracts with them and this trend looks to continue. It is the ~~Exchange~~hope ~~Act~~of the corporation that more production work will come from these contracts.

~~On September 10~~Additionally, ~~2015,~~Alpine ~~the~~has ~~Company~~been ~~entered~~doing production ~~into~~work anfor ~~Agreement and Plan of Merger and Acquisition with Incubator Holdings~~Ducworks, ~~Inc.,~~ a ~~Wyoming~~diverse ~~corporation~~company ~~(the~~offering ~~“Agreement”). Under~~aerospace ~~the~~products ~~terms~~as ofwell ~~that~~as ~~Agreement,~~high-end ~~Incubator~~commercial ~~Holdings~~construction ~~formed an acquisition subsidiary, ADAC Acquisition Corp~~products. inThese ~~Florida; Incubator~~types ~~Holdings,~~of ~~Inc.~~projects ~~(Wyoming)~~add ~~merged~~diversity ~~with that Florida subsidiary, which was the surviving entity~~ and ~~changed~~showcase ~~its~~Alpine’s ~~corporate~~ability ~~name~~ to ~~Incubator~~ ~~Holdings,~~develop Inc.; the Company will be acquired by Incubator Holdings, Inc.; the common shareholders of the Company will receive common shares of Incubator Holdings on the basis of 1 share of Incubator for each 250 shares of the Company held, the preferred shareholder of the Company will receive one preferred share of Incubator Holdings for each share of Series A Preferred Stock of the Company outstanding, and ~~Incubator~~manage ~~Holdings~~multiple ~~will~~types ~~assume the obligations~~ of ~~the Company as an SEC reporting entity~~products. ~~Incubator also~~Alpine ~~obtained~~looks ~~a new CUSIP number for the common shares and requested a new trading symbol. The Company will become a private subsidiary~~to ofcontinue ~~Incubator~~building ~~Holdings,~~this ~~and will retain all of its existing debts and liabilities except for $352,500 in specific debt that will be assumed by Incubator Holdings under the Agreement~~relationship. The existing common shareholders of the Company will receive a total of ten percent of the resulting outstanding common stock of Incubator Holdings and the existing common shareholders of Incubator Holdings will retain 90 percent of the common stock after the acquisition.

~~Following~~Focusing ~~the~~on ~~acquisition,~~continuing ~~the~~its ~~capital~~Aerospace division, ~~structure~~Alpine ofcontinues ~~the~~to ~~resulting~~service ~~entity~~its 16 existing contracts. With over $2.2 million in anticipated revenues, ~~operating~~it ~~under~~represents a major part of the ~~corporate~~business ~~name~~to ~~Incubator~~be ~~Holdings,~~completed. ~~Inc~~As a commitment to its aerospace division Alpine also continues to bid on contracts available., Alpine ~~will~~has becurrently asbid ~~follows:~~on over 40 contracts that fit within the over 200 different types of products that Alpine can produce.

Pre-reverse common shares issued at 12-31-2015	328,851,197
Shares issuable to JS Barkats (2.5% of outstanding)	8,221,280
Fully diluted ADAC common shares	337,072,477
250/1 reverse split of common shares	1,348,290	10	%
Common shares of Incubator shareholders	12,134,610	90	%
Total post-transaction shares	13,482,900	100	%

Alpine looks to continue its path to deliver record setting growth, and feels as if the newly developed commercial services along with the steady and growing government contracts will produce the results the Company is looking for.

~~The Agreement was submitted to the ADAC shareholders and approved by vote of the preferred shares representing 51 percent of the total vote)~~Additionally, ~~and~~we ~~then~~are ~~reported~~actively toseeking ~~the~~merger ~~common shareholders on the Schedule 14C Information Statement filed with the SEC on December 18, 2015, mailed to the common shareholders on that date,~~ and ~~effective~~acquisition ~~20 days later, on January 7, 2016~~candidates. The Agreement and transaction were subject to satisfaction of certain stated conditions to closing, including effectiveness of the Schedule 14C, the Financial Industry Regulatory Association (FINRA) approval of the corporate name change, symbol change and reverse split, and our remaining current on our required SEC filings. Our 10-Q for the quarter ended June 30, 2015 was not filed until October 13, 2015 and the 10-Q for September 30, 2015 was filed on November 4, 2015. The Preliminary Schedule 14C was then filed November 6, 2015, after the October 15, 2015 outside closing date in the Agreement; however, the Agreement also provides that, after October 15, 2015 if the transaction had not closed, any party could then terminate the Agreement by notice to the other parties, except that no party which was in default of a closing requirement, in breach of the agreement, could elect unilaterally to terminate the Agreement. We were in breach of the Agreement at October 15, 2015 but there has been no notice by any party to terminate the Agreement at any time after October 15, and the parties expressly retained the power to extend the closing date in the Agreement.

~~ADAC,~~In ~~by Board resolutions, approved~~ the ~~extension~~ process of ~~the~~seeking ~~closing~~merger ~~date on October 15, 2015 (to January 31, 2016)~~ and ~~then~~acquisition partners ~~approved~~Adama anhas ~~extension~~been ~~again~~able ~~on January 31~~ to ~~a date~~successfully 10engage ~~days~~in ~~after~~three ~~FINRA~~additional ~~approval~~transactions ofwhich ~~the~~are ~~reverse~~asset ~~split~~purchase ~~and corporate name change~~opportunities.

~~The~~Transaction ~~Company~~#1: ~~submitted~~On aApril ~~Notice of Corporate Action to FINRA on December 30~~29, ~~2015 requesting approval of the reverse split~~2017, ~~name change and symbol change, as the final step~~Adama incompleted the ~~acquisition~~asset ~~process;~~purchase ~~however, on March 21, 2016, FINRA formally notified the Company that it would not approve the requested corporate action. The FINRA response letter, a copy~~ of ~~which~~SafeGuard isPII filed with this Annual Report as Exhibit 99.1 stated that the corporate action request was deficient under FINRA Rule 6490(d)(3)(4) because FINRA had “actual knowledge” (provided by us) that “a person connected to the Issuer …may be potentially involved in ~~fraudulent~~which ~~activities…”~~Adama ~~The~~acquired ~~“person” referenced by FINRA in~~ the ~~deficiency~~technology ~~letter~~products ~~was~~within ~~Asher~~SafeGuard ~~Enterprises, Inc~~PII., ~~and~~Safeguard ~~its President, Curt Kramer, who was the subject of~~protects anfamilies ~~SEC Cease~~ and ~~Desist~~businesses ~~Order~~from ~~(Administrative~~identity ~~Proceeding File No~~theft. ~~3-15621,~~This ~~because~~technology ~~Asher~~provides ~~Enterprises,~~far ~~Inc.~~more ~~then~~than ~~held 4,166,667 of our common shares (approximately 1.2 percent of~~ the ~~outstanding~~typical ~~shares)~~credit ~~and~~card ~~two convertible promissory notes in the original principal amounts of $30,000 and $32,500 issued November 15, 2011 and April 17, 2012, respectively~~protection. ~~Although~~In ~~we explained~~fact, toit ~~FINRA~~supplies ~~that~~ the ~~Company~~“7” ~~had~~essential ~~had~~components ~~no contact with Asher Enterprises, Inc. or Curt Kramer since 2012, that neither had any involvement~~ of ~~any~~whole ~~kind~~identity ~~in the company, other than as a passive investor, and that management since 2013 had had no dealings with them, FINRA apparently had concerns that Asher Enterprises, Inc~~protection. ~~could~~These ~~continuously convert the notes into our common stock subject to a waivable 4.99 percent limit on holdings. Accordingly, our filing was deemed deficient.~~include:

1. Whole identity monitoring-not just credit cards 2. Cyber-crime protection—hackers, viruses, etc. 3. Credit-management and credit protection 4. Privacy-minimized junk mail, spam, etc. 5. Lost wallet protection 6. Whole identity recovery—restoration to pre-theft status 7. Cyberhood watch—24/7 real-time alerts

~~The~~SafeGuard ~~Company~~PII’s ~~along with Incubator Holdings,~~technology is ~~Inc.~~an ~~has~~industry ~~subsequently~~pioneer ~~been in contact with Asher Enterprises, Inc.,~~ and ~~has~~top-tier ~~been~~Privacy ~~advised~~Management Firm that ~~neither~~provides ~~Asher~~compliance ~~Enterprises,~~solutions ~~Inc., nor~~to ~~any~~companies ~~officer,~~throughout ~~director or affiliate of Asher Enterprises, Inc., currently holds any stock or other equity interest in~~ the ~~Company~~U.S. WeSafeGuard ~~have~~PII ~~entered~~is ~~into~~also a ~~Settlement~~provider ~~and Release Agreement with Asher Enterprises, Inc. dated May 2, 2016, under which Asher Enterprises, Inc. has agreed to accept $50,000 in full payment and satisfaction~~ of ~~all debts owed to it by~~ the ~~Company,~~most ~~including~~robust ~~the~~identity ~~two~~theft ~~convertible notes~~protection and ~~further~~restoration ~~agreed~~product ~~that,~~in ~~pending payment of~~ the ~~settlement~~marketplace. ~~amount~~SafeGuard PII ~~due~~has onbecome orknown ~~before May 10, 2016, Asher Enterprises, Inc. would~~ not ~~elect~~only tofor ~~convert~~educating ~~any portion of~~ the ~~two~~corporate ~~convertible~~environment ~~notes~~on ~~into~~data ~~common~~protection ~~stock.~~strategies ~~Accordingly, payment of the settlement amount will completely terminate any connection of any kind between us~~ and ~~Asher~~privacy ~~Enterprises,~~law ~~Inc.~~compliance, ~~so the adverse conditions which caused~~ ~~FINRA~~it tois ~~deny~~also ~~our~~known ~~request~~ for ~~the~~its ~~corporate~~whole ~~name~~identity ~~change,~~monitoring ~~symbol change~~ and ~~reverse~~restoration ~~split have been eliminated~~solutions. We intend to file a new Notice of Corporate Action with FINRA, seeking the same results, immediately upon the filing of this Annual Report with the SEC. All other aspects of the proposed acquisition transaction with Incubator Holdings have been approved and completed, and the Company anticipates completing the transaction in June, 2016 as soon as FINRA approval has been obtained.

~~Incubator~~Where ~~Holdings~~many isprograms ~~now~~just afocus ~~Florida~~on ~~company~~credit ~~which~~cards ~~has~~and ~~non-binding~~bank ~~acquisition~~accounts, ~~agreements~~our PII Defender program monitors internet black market sites, other internet trading sites where ID thieves buy and sell information, utility and phone records, public databases, criminal databases and DMV records, in ~~place~~addition to credit files for ~~the~~your ~~acquisition~~personal information. No other service gives you this level of ~~two~~protection. ~~existing~~Members ~~operating~~also ~~companies:~~receive lost wallet recovery services, Cyber security membership, credit report review and correction services and fully managed expert recovery assistance, restoring your identity back to pre-theft status including prosecution of the identity thief and so much more.

~~Acquisition~~The #1terms ~~specializes~~of inthe ~~precision~~transaction with Safeguard ~~machining~~were ~~and~~an ~~aerospace~~asset ~~manufacturing.~~purchase ~~Since~~of ~~its~~the ~~inception~~technology in ~~1974,~~software ~~this~~for ~~company~~$2,000,000, ~~has~~payable ~~concentrated~~in onrestricted ~~safety~~shares ~~critical~~of ~~aerospace landing gear~~stock. ItAdditionally, ~~has~~the ~~government~~Company appointed ~~contracts~~the ~~extended~~founder ~~over~~of ~~several~~Safeguard, ~~years~~Mr. AsMark ~~a result of work~~Brown, ~~this~~to ~~company~~an ~~was~~advisory ~~awarded~~position ~~the~~and ~~Award for~~named ~~Excellence~~him by the ~~U.S.~~director ~~Government. This company has state~~ of ~~the~~sales ~~art~~in ~~technology~~order ~~coupled~~to ~~with programmers that have extensive~~help ~~education~~better market and ~~expertise~~sale tothe ~~meet~~assets ~~customer expectations~~acquired. ~~In addition, this company has been profitable for many years.~~

~~Acquisition~~Transaction #2: ~~protects~~Subsequent ~~families~~to ~~and~~this ~~businesses~~filing ~~from~~period, ~~identity~~Adama ~~theft~~Technologies ~~which~~negotiated ~~has~~and ~~become~~completed ~~the~~an ~~number~~asset ~~one~~acquisition ~~crime~~of inseveral ~~the~~technology ~~nation.~~platforms ~~This~~called ~~company~~Prenr, ~~provides~~Trove ~~far~~and Generation ~~more~~H.E.R.O. ~~than~~from ~~the~~Element ~~typical~~99, ~~credit card protection~~LLC. In ~~fact~~this transaction, itAdama ~~supplies~~Technologies ~~the~~acquired ~~“7”~~a ~~essential~~25% ~~components~~participation of ~~whole~~these ~~identity~~technologies and ~~protection~~platforms within their own sales environments. ~~These~~This ~~include:~~transaction is pending the Company becoming current in its financial reporting obligations with the SEC.

1Element99 was founded in early 2016 as a startup focused on creating innovative solutions for entrepreneurs. ~~Whole~~During ~~identity~~the ~~monitoring-not~~last ~~just~~20 ~~credit~~months, ~~cards~~Element99 has been in development of several product brands that will become the foundation for the upcoming entrepreneurial ecosystem. One of the driving motivators behind Element99 is to band together with organizations worldwide to help fight entrepreneurial burnout and depression. Generation H.E.R.O. was formed to help entrepreneurs reach out in times of failure and distress, a common enemy that every entrepreneur can relate with. Generation H.E.R.O. will begin by publishing unique content showcasing the journeys of several successful entrepreneurs through short films, podcasts, interviews, and social broadcasts. The mechanism to distribute awareness for Generation H.E.R.O. is the product PRENR, a lifestyle brand that provides education, services, and merchandise to support the overall identity of this subculture.

2.Element99 ~~Cyber-crime~~has ~~protection—hackers,~~also ~~viruses~~been developing a social commerce platform called Trove, ~~etc~~innovating around how people discover and share the things they use and enjoy every day. This social platform is an integrated marketplace that allows consumers to discover and share products with their

3.5 ~~Credit-manage and protect your credit~~

4peers in a dedicated network focused on user experiences instead of friendship and status. ~~Privacy-minimize~~Trove ~~junk~~provides ~~mail,~~a ~~spam,~~social ~~etc~~experience that cannot be found on any other platform and has created a vehicle to connect consumer and advertiser together in ways that can push commerce forward into the digital economy.

5The team behind Element99 has over 40 years combined marketing and product development experience and is growing rapidly as they enter the first phase of release in late 2017. The ~~Lost~~mission ~~wallet~~behind ~~protection~~Element99 is to help entrepreneurs reach their goals through passion, creativity, and the relentless pursuit of innovation. This mission is driven and reiterated throughout the company by founder Chris Jones, and in his words, ”My passion is to build the greatest entrepreneurial brand in the world and my vision is to always believe we can build a brand that makes a difference.”

6Transaction #3: Subsequent to this filing period, Adama Technologies negotiated the acquisition of EZ Mart Food Stores, Inc. ~~Whole~~This ~~identity~~acquisition ~~recovery—restoration~~will include the assignment of two contracts to ~~pre-theft~~purchase ~~status~~convenience store operations in Cusseta, Alabama and Holiday, Florida. These operations are currently generating $10 million and $8 million in annualized revenue respectively. Both locations are set to close in the fourth quarter of 2017.

7.Employees The ~~Cyberhood~~Company ~~watch—24/~~currently has 7 ~~real-~~full time ~~alerts~~employees, 3 of those are salaried employees and 4 of those employees earn an hourly wage.

~~Closing of the acquisitions of these two~~Facilities ~~target~~Our ~~companies~~principal ~~will~~executive beoffices ~~completed~~are ~~after~~now ~~the~~located ~~completion~~at of110 ~~the~~Director’s ~~acquisition~~Row, ofSuite ~~the~~B ~~Company~~Jackson, byTN ~~Incubator Holdings~~38301. AsOur aregistered ~~result,~~office ~~the~~in ~~Company~~Delaware ~~will~~is belocated ~~filing~~at ~~Form~~113 10Barksdale ~~information~~Professional toCenter, ~~terminate~~Newark, ~~its~~DE ~~current~~19711, ~~status~~and asour aregistered ~~shell~~agent ~~company~~is ~~within~~Delaware ~~the meaning of the federal securities laws as soon as that acquisition closes~~Intercorp.

~~There~~Alpine isIndustries noleases ~~assurance~~a 11,700 ~~however~~square foot facility in Richmond, Utah that ~~the above~~is ~~acquisition~~utilized ~~will~~for bemanufacturing ~~completed~~and operations.

3Government Regulations During the period covered by this report, our business was not subject to direct regulation by any domestic or foreign governmental agency, other than regulations generally applicable to businesses, and we believe that we have complied with these laws and regulations in all material respects.

Employees

We have no full time or part-time employees except for such services as are required in connection with searching for suitable acquisition partners, which activities are performed by our sole officer and director and by various consultants. We do not foresee any significant changes in the number of employees or consultants we will have over the next twelve months, unless we complete a planned merger, as discussed in Other Matters.

During the period covered by this report, we conducted no business operations and generated no revenue. Our business plan was to serve as a corporate vehicle that will seek to effect a merger, exchange of capital stock, asset acquisition or other similar business combination (a “Business Combination”) with an operating or development stage business that desires to employ our Company to become a publicly traded corporation that reports under the Securities Exchange Act of 1934 (“Exchange Act”). We entered into the acquisition agreement with Incubator Holdings, Inc. in September, 2015 for that purpose and our plan is to complete that transaction in June, 2016.Other than as described herein, we do not engage in any substantive commercial business or other business operations. We face special risks inherent in the investigation, acquisition, or involvement in a new business opportunity.

Our Company must generate additional resources to enable us to pay our obligations as they come due, and our Company must ultimately implement a new business plan and achieve profitable operations. We cannot assure you that we will be successful in any of these activities. Should any of these events not occur, our financial condition will be materially adversely affected. If our Company remains dormant, we will need to raise additional capital to meet our current capital requirements for the next twelve months.

Employees

Our present officers and directors are our only employees, and they devote a minimal amount of their time to our business. We have no full time employees. We expect to use consultants, attorneys and accountants as necessary, and do not anticipate a need to engage any full-time employees until we have completed the pending transaction with Incubator Holdings, Inc.

Facilities

Our principal executive offices are now located at 10120 S. Eastern Avenue, Suite 130, Henderson, Nevada 89052, in offices provided by Incubator Holdings, Inc. Our registered office in Delaware is located at 113 Barksdale Professional Center, Newark, DE 19711, and our registered agent is Delaware Intercorp.

Government Regulations

During the period covered by this report, our business was not subject to direct regulation by any domestic or foreign governmental agency, other than regulations generally applicable to businesses, and we believe that we have complied with these laws and regulations in all material respects.

Item 1A. Risk Factors

AsRisks aAssociated ~~smaller~~With ~~reporting~~Our ~~company, we are not required to provide this information.~~Business

We have unsecured convertible notes that came due in 2016 and will continue to come due in 2017 and we have limited resources to pay these notes on the maturity date.

Over the last several years, we have been funding our operations through the sale of both equity and debt securities. We have $643,689 worth of convertible notes outstanding at December 31, 2016 (net of unamortized discount).

If the note holders decide not to convert these notes to common stock, we will have an obligation on the maturity date of each note to pay the note holder all accrued interest and principal on such note. In such case, we would have to find sources of cash to re-pay the note holder and there can be no assurance such resources will be available.

We will need to raise funds through financings in the future, which would dilute the ownership of our existing stockholders and possibly subordinate certain of their rights to the rights of new investors or creditors.

We expect to seek additional funds in debt or equity financings if they are available to us on terms we believe reasonable to provide for working capital, carry out business operations or to make acquisitions. Any sales of additional equity or convertible debt securities would result in dilution of the equity interests of our existing stockholders, which could be substantial. Additionally, if we issue shares of preferred stock or convertible debt to raise funds, the holders of those securities might be entitled to various preferential rights over the holders of our common stock, including repayment of their investment. Such additional debt, if authorized, would create rights and preferences that would be senior to, or otherwise adversely affect, the rights and the value of our common stock and would have to be repaid from future cash flow.

If we fail to raise additional capital to fund our business growth our business could fail.

We have to raise significant amounts of capital to meet our anticipated needs for working capital and other cash requirements for the near term to develop and grow our existing businesses. We will attempt to raise such capital through the sale of common stock or debt instruments. However, there is no assurance that we will be successful in raising or borrowing sufficient additional capital and we have no arrangements for future financing and there can be no assurance that additional financing will be available to us. If adequate funds are not available or are not available on acceptable terms, our ability to fund our exploration projects, take advantage of potential acquisition opportunities, possibly develop or enhance its properties in the future or respond to competitive pressures would be significantly limited. Such limitation could have a material adverse effect on our business and financial condition and cause our business to fail.

Our success is dependent upon a limited number of people and we may not be able to attract and retain qualified personnel necessary for the implementation of our business strategy.

The ability to identify, negotiate and consummate transactions that will benefit us is dependent upon the efforts of our management team. The loss of the services of any member of our management could have a material adverse effect on not only the Company’s operational status, but also its financial health.

Our future success depends largely upon the continued service of board members, executive officers and other key personnel. Our success also depends on our ability to continue to attract, retain and motivate qualified personnel, particularly employees, consultants and contractors for our operations. Personnel do represent a significant asset, and the competition for such personnel is intense in the current market place. We may have particular difficulty attracting and retaining key personnel in the initial phases of our operations.

Our officers and directors do not devote full time to our operations.

Our officers do not devote their full time to our operations. Until such time that we can afford executive compensation to afford full time service, our directors and officers will remain divided in the amount of time they can spend on our business activities.

Risks Relating to our Common Stock

Trading on the OTC pink sheets may be volatile and sporadic, which could depress the market price of our common stock and make it difficult for our stockholders to resell their shares.

We have convertible notes outstanding that may be converted, at a discount, into shares of our common stock thus increasing the number of shares issued and outstanding we have and having a potential negative effect on our stock price.

We have never paid dividends and have no plans to in the future.

Holders of shares of our common stock are entitled to receive such dividends as may be declared by our board of directors. To date, we have paid no cash dividends on our shares of common stock and we do not expect to pay cash dividends on our common stock in the foreseeable future. We intend to retain future earnings, if any, to provide funds for operation of our business. Therefore, any return investors in our common stock will have to be in the form of appreciation, if any, in the market value of their shares of common stock.

We have additional securities available for issuance, which, if issued, could adversely affect the rights of the holders of our common stock.

Our Articles of Incorporation authorize the issuance of 500,000,000 shares of our common stock and 500,000,000 shares of blank check preferred stock. The common stock or blank check preferred stock can be issued by our board of directors, without stockholder approval. Any future issuances of our common stock would further dilute the percentage ownership of our common stock held by public shareholders.

Because the SEC imposes additional sales practice requirements on brokers who deal in our shares that are penny stocks, some brokers may be unwilling to trade them. This means that you may have difficulty in reselling your shares and may cause the price of the shares to decline.

Our stock is a penny stock. The Securities and Exchange Commission has adopted Rule 15g-9 which generally defines “penny stock” to be any equity security that has a market price (as defined) less than $5.00 per share or an exercise price of less than $5.00 per share, subject to certain exceptions. Our securities are covered by the penny stock rules, which impose additional sales practice requirements on broker-dealers who sell to persons other than established customers and “accredited investors”. The term “accredited investor” refers generally to institutions with assets in excess of $5,000,000 or individuals with a net worth in excess of $1,000,000 or annual income exceeding $200,000 or $300,000 jointly with their spouse. The penny stock rules require a broker-dealer, prior to a transaction in a penny stock not otherwise exempt from the rules, to deliver a standardized risk disclosure document in a form prepared by the SEC which provides information about penny stocks and the nature and level of risks in the penny stock market. The broker-dealer also must provide the customer with current bid and offer quotations for the penny stock, the compensation of the broker-dealer and its salesperson in the transaction and monthly account statements showing the market value of each penny stock held in the customer’s account. The bid and offer quotations and the broker-dealer and salesperson compensation information must be given to the customer orally or in writing prior to effecting the transaction and must be given to the customer in writing before or with the customer’s confirmation. In addition, the penny stock rules require that prior to a transaction in a penny stock not otherwise exempt from these rules; the broker-dealer must make a special written determination that the penny stock is a suitable investment for the purchaser and receive the purchaser’s written agreement to the transaction. These disclosure requirements may have the effect of reducing the level of trading activity in the secondary market for the stock that is subject to these penny stock rules. Consequently, these penny stock rules may affect the ability of broker-dealers to trade our securities. We believe that the penny stock rules discourage investor interest in, and limit the marketability of, our common stock.

In addition to the “penny stock” rules promulgated by the Securities and Exchange Commission, FINRA has adopted rules that require that in recommending an investment to a customer, a broker-dealer must have reasonable grounds for believing that the investment is suitable for that customer. Prior to recommending speculative, low-priced securities to their non-institutional customers, broker-dealers must make reasonable efforts to obtain information about the customer’s financial status, tax status, investment objectives and other information. Under interpretations of these rules, FINRA believes that there is a high probability that speculative low-priced securities will not be suitable for at least some customers. The FINRA requirements make it more difficult for broker-dealers to recommend that their customers buy our common stock, which may limit your ability to buy and sell our stock.

Our stock price is likely to be highly volatile because of several factors, including a limited public float.

The market price of our common stock is likely to be highly volatile because there has been a relatively thin trading market for our stock, which causes trades of small blocks of stock to have a significant impact on our stock price. You may not be able to resell shares of our common stock following periods of volatility because of the market’s adverse reaction to volatility.

Other factors that could cause such volatility may include, among other things:

	●	actual or anticipated fluctuations in our operating results;

	●	the absence of securities analysts covering us and distributing research and recommendations about us;

	●	we expect our actual operating results to continue to fluctuate;

	●	we may have a low trading volume for a number of reasons, including that a large amount of our stock is closely held;

	●	overall stock market fluctuations;

	●	economic conditions generally;

	●	announcements concerning our business or those of our competitors or vendors;

	●	our ability to raise capital when we require it, and to raise such capital on favorable terms;

	●	conditions or trends in the industry;

	●	litigation;

	●	changes in market valuations of other similar companies;

	●	announcements by us or our competitors of significant contracts, acquisitions, strategic partnerships or joint ventures;

	●	future sales of common stock;

	●	actions initiated by the SEC or other regulatory bodies;

	●	departure of key personnel or failure to hire key personnel; and

	●	general market conditions.

	●	convertible note holders have the right to convert the notes to common shares at a discount which could have the effect of depressing the stock price

ITEM 1B. UNRESOLVED STAFF COMMENTS.

None

ITEM 2. PROPERTIES.

Our executive offices are located at ~~1365 N.~~110 ~~Courtenay~~Director’s ~~Parkway~~Row, Suite A.B ~~Merritt Island~~Jackson, ~~Florida~~TN ~~32953~~38301, in offices provided by an independent consulting firm ~~as part of a contractual administrative and financial consulting agreement~~. We believe that this space is adequate for our current and immediately foreseeable operating needs. Alpine Industries leases a 11,700 square foot facility in Richmond, Utah where it does all of its manufacturing.

ITEM 3. LEGAL PROCEEDINGS.

On8 October 25, 2012, JS Barkats PLLC filed a breach of contract action against the Company and a former officer, Aviram Malik, in the Supreme Court of New York, for breach of contract relating to a funding transaction in June 2012. The Complaint was apparently served on former management but was never answered or otherwise responded to by former management and was never disclosed in our prior periodic filings. The Plaintiff seeks to recover $45,395 in cash finders’ fee allegedly due plus 2.5 percent of our issued and outstanding common stock as of the date the fee was earned, plus forfeiture to it of all of the common stock, warrants and options owned by Aviram Malik, individually. As a result of the failure to respond to the action by prior management, a default was entered against us, and plaintiff is seeking entry of a default judgment. As of the date of this report, no default judgment has been entered in the case, to our knowledge.

~~There~~On ~~are~~October no25, ~~other~~2012, ~~pending~~JS ~~legal~~Barkats ~~proceedings~~PLLC tofiled a ~~which~~breach of contract action against the Company and a former officer, Aviram Malik in the Supreme Court of New York, for breach isof contract relating to a ~~party~~funding ortransaction in ~~which~~June ~~any~~2012. ~~director~~The Complaint, ~~officer~~which was apparently served on former management but was never answered or ~~affiliate~~otherwise ofresponded ~~the~~to ~~Company~~by former management and which was never disclosed in our prior episodic filings, seeks orto ~~any~~recover ~~owner~~$45,395 ofin ~~record~~a orcash ~~beneficially~~finders of‘ ~~more~~fee ~~than~~allegedly due plus 2.5% percent of ~~any~~our ~~class~~issued and outstanding common stock as of ~~voting~~the ~~securities~~date the fee was earned, plus forfeiture of all of the ~~Company~~common stock, iswarrants and options owned by Aviram Malik, individually. As a ~~party~~result ~~adverse~~of the failure to respond to the ~~Company~~action, orthe plaintiff has been awarded a ~~material~~default ~~interest~~judgement ~~adverse~~which towas ~~the~~entered ~~Company.~~on December ~~The~~15, ~~Company~~2015 ~~has~~for noa ~~property~~cash amount of $181,500 and is2.5% ~~not~~of the ~~subject~~fully diluted common stock issued and outstanding of ~~any~~Adama ~~other~~Technologies Corporation ~~pending~~which ~~legal~~was ~~proceedings~~valued at $67,240 for a total amount of $248,490.

~~ITEM~~There 4are no other known 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. ~~REMOVED~~The ~~AND~~Company ~~RESERVED~~‘ s property is not the subject of any other pending legal proceedings.

~~PART~~ITEM II4. Mine Safety Disclosures

Not applicable.

PART II

Market Information

Our common stock is eligible to be traded on the OTC Markets, under the ticker symbol ADAC.

Historic Trading Prices - Adama Technologies Corp

Year

2016

Quarter 1

Quarter 2

Quarter 3

Quarter 4

Jan - Mar

Apr - Jun

Jul - Sept

Oct - Dec

High

3.25

0.23

0.38

1.08

Low

0.10

0.05

0.08

0.10

Holders

As of December 31, ~~2015~~2016, there were ~~328~~114,~~851~~815,~~197~~781 shares of our common stock issued and outstanding, which were held by ~~195~~ stockholders of record. ~~No common shares were issued during the year ended December 31, 2015 or to the date of filing of this report.~~

Dividends

We have never declared or paid any cash dividends on our common stock nor do we anticipate paying any in the foreseeable future. Furthermore, we expect to retain any future earnings to finance our operations and expansion. The payment of cash dividends in the future will be at the discretion of our Board of Directors.

Equity Compensation Plans

On July 22, 2009, the Company adopted the Stock Incentive Plan, pursuant which the Company is authorized to grant equity-based awards in the form of stock options, restricted common stock, restricted stock units, stock appreciation rights, and other stock based awards to employees (including executive officers), directors, consultants and service providers of the Company and its subsidiaries. The maximum number of shares available for grant under the plan is 25,000,000 shares of common stock. The number of shares available for award under the plan is subject to adjustment for certain corporate changes and based on the types of awards provided, all in accordance with the provisions of the plan. The plan is administered by the Board. No shares have been issued under this Plan.

Recent Sales of Unregistered Securities; Use of Proceeds from Registered Securities

There were no114,815,781 ~~sales~~shares orissued ~~issuances of our common stock~~ in the fiscal year ended December 31, ~~2015~~2016.

ITEM 6. SELECTED FINANCIAL DATA.

As a smaller reporting company, we are not required to provide this information.

ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.

We have not generated any revenues to date.

Our sole business plan is to identify, negotiate and enter into an acquisition transaction with an operating company on terms to be negotiated in the best interests of our shareholders. We plan to complete the acquisition transaction with Incubator Holdings, Inc. in June, 2016.

Results of Operations

WeIn ~~have~~the ~~not~~year ~~generated~~ended ~~any~~December ~~revenues~~31, to2016 ~~date. Our~~the ~~operating~~Company ~~expenses~~generated $2,880,248 in ~~the~~annual ~~year~~revenue ~~ended~~compared ~~December~~to 31$2,468,657 in 2015. Cost ~~amounted~~of tosales was $~~195~~2,~~587~~082,662 asfor ~~compared~~the toyear ended December 31, 2016 and $~~218~~2,~~310~~107,697 for the year ended December 31, ~~2014~~2015. ~~Expenses~~Our gross revenue substantially in ~~2015~~2016 ~~were~~as ~~comprised~~we ~~primarily~~adjusted ofour business ~~third~~operations ~~party~~between ~~consulting~~years. Our operating expenses ~~and~~in ~~transfer~~the ~~agent~~year ~~fees~~ended December 31, 2016 amounted to $487,494 as compared to $432,959 for the year ended December 31, 2015.

Our net ~~loss~~income in the year ended December 31, ~~2015~~2016, ~~amounted~~was to $~~583~~2,~~047~~038,261 as compared to the net loss of $~~332~~117,~~630~~641 during the year ended December 31, ~~2014~~2015. ~~Net~~The ~~loss~~major change in ~~2015~~2016 was ~~comprised~~due ~~primarily~~to ofa ~~third~~change ~~party~~in ~~consulting~~the ~~expenses,~~fair ~~interest,~~value ~~loss~~of onderivatives ~~extinguishment~~which resulted in a gain of ~~debt~~$1,718,507 ~~and~~during ~~other income~~2016.

The amounts presented in the financial statements do not provide for the effect of inflation on our operations or our financial position. Amounts shown for machinery, equipment, and leasehold improvements and for costs and expenses reflect historical cost and do not necessarily represent replacement cost. The net operating losses shown would be greater than reported if the effects of inflation were reflected either by charging operations with amounts that represent replacement costs or by using other inflation adjustments.

Liquidity and Capital Resources

WeOn ~~had~~November no23, ~~cash~~2016, atThe ~~December~~Company ~~31,~~completed its ~~2015,~~acquisition ~~or at~~of ~~December~~Alpine 31Industries, ~~2014~~Inc. This acquisition and reverse merger recorded significant revenues for the Company.

~~There~~We ishad no$202,339 cash on hand toat ~~fund our administrative~~December ~~and~~31, ~~other operating expenses or our proposed research and development program for the next twelve months~~2016, ~~and~~compared weto donone ~~not~~at ~~anticipate that~~December ~~we will generate any revenues from operations for the next twelve months~~31, ~~unless we initiate or acquire a new operating business~~2015.

AtOur revenue for year ended December 31, 2016 ~~2015~~was $2,468,657 wecompared ~~had~~to $~~566~~2,~~250~~082,662 infor year ended December 31, 2015. In 2015 numerous contracts that had already been awarded ~~principal~~were ~~amount~~completed ofand ~~outstanding~~then ~~convertible~~in ~~notes~~2016 ~~plus~~the ~~accrued~~Company ~~interest~~was ofable ~~$60,473~~to bid on numerous additional contracts that we hope to be awarded in 2017 and 2018.

~~The~~Additionally, ~~Company~~we ~~had~~plan ato ~~working~~use ~~capital~~2017 ~~deficit~~to develop ofthe ~~$1,322,336~~other three products we have acquired to enable those transactions to begin to yield revenue. Those products as itemized in Note 13 (Subsequent Events) each have operational and ~~$806,529~~cash ~~for~~flow demands that we will also have to consider in the upcoming year. The ~~ended~~Company ~~December~~plans ~~31,~~to ~~2015~~raise ~~and~~capital ~~2014~~to ~~respectively~~finance those requirements through the issuance of convertible notes that will offer the company additional liquidity.

~~Lack~~At December 31, 2016, we had $643,689 in principal amount of ~~Insurance~~outstanding convertible notes, net of debt discount.

WeThe ~~currently~~proceeds ~~have~~from noloans ~~insurance~~as inwell ~~force~~as ~~for our office facilities~~cash ~~and~~on ~~operations~~hand ~~and~~is itbeing ~~cannot~~used beto ~~certain~~fund ~~that we can cover~~ the ~~risks~~operations ~~associated with such lack~~ of ~~insurance~~our orcurrent ~~that~~operations weincluding ~~will~~our betwo ~~able to~~technology ~~obtain~~deals, ~~and/or~~as ~~maintain~~well ~~insurance~~as tothe ~~cover~~continued operations ~~these~~within ~~risks~~Alpine ~~at economically feasible premiums~~Industries.

6The following table provides detailed information about our net cash flows for the years ended December 31, 2016 and 2015.

Going Concern Consideration

		December 31, 2016			December 31, 2015
Net cash used in operating activities	$	(543,010	)	$	(37,219	)
Net cash provided by (used in) investing activities	$	648,000		$	(1,699	)
Net cash provided by financing activities	$	97,349		$	5,179
Net increase(decrease) of cash	$	202,339		$	(33,739	)

~~Our~~The ~~auditors~~decrease ~~have~~in ~~issued an opinion on~~ our ~~financial~~cash ~~statements~~used ~~which~~in ~~includes~~operating activities ain ~~statement~~2016 ~~describing~~was ~~our~~primarily ~~going~~caused ~~concern~~by ~~status.~~net ~~This~~income ~~means~~of ~~that~~$2,038,261 ~~there~~offset isby ~~substantial~~non-cash ~~doubt that~~gains weon ~~can~~the ~~continue~~sale asof anproperty ~~on-going~~and ~~business~~equipment and ~~for~~derivative ~~the~~liabilities ~~next~~of ~~twelve months~~$228,018 ~~unless~~and we$1,718,507, ~~obtain~~respectively. ~~additional~~There ~~capital~~was toalso ~~pay~~a ~~our~~decrease ~~bills~~in ~~and meet~~client ~~our~~deposits ~~other~~of ~~financial~~$1,937,351, a ~~obligations.~~decrease ~~This~~in isaccounts ~~because~~payable weand ~~have~~accrued ~~not~~liabilities ~~generated~~of ~~any~~$201,692 ~~revenues~~offset ~~and~~by noan ~~revenues~~increase ~~are~~in ~~anticipated~~inventory ~~until we~~of ~~begin~~$1,230,287. ~~marketing~~Our ~~the~~goal ~~product.~~is that ~~Accordingly,~~because we ~~must~~have ~~raise~~bid ~~capital~~an ~~from~~increased ~~sources~~number ~~other~~of ~~than~~government ~~the~~contracts ~~actual~~in ~~sale~~2016, ofthat the ~~product~~awarded tocontracts ~~implement our~~will ~~plan~~drive ofrevenues ~~operations~~in 2017, 2018 and ~~stay in business~~2019.

~~The~~During ~~accompanying financial statements have been prepared in conformity with accounting principles generally accepted in~~ the ~~United~~year ~~States~~ended ofDecember ~~America~~31, ~~which contemplate continuation of the Company as a going concern. We have not yet established any source of revenue to cover our operating costs~~2016, ~~and we have~~ ~~incurred~~cash anprovided ~~operating~~by ~~loss~~investing ~~since~~activities ~~inception.~~was ~~Further~~$648,000 ascompared ofto ~~December 31, 2015, our~~ cash ~~resources~~used ~~were~~in ~~insufficient~~investing toactivities ~~meet~~of ~~our current business plan~~$1,699 ~~and~~the weprior ~~had~~year ~~negative working capital~~. ~~These and other factors raise substantial doubt about our ability to continue as a going concern.~~ The ~~accompanying financial statements do not include any adjustments to reflect the possible future~~ ~~effects~~large onincrease ~~the~~in ~~recoverability~~2016 ~~and~~was ~~classification~~created offrom ~~assets~~cash orreceived ~~the amounts and classification of liabilities that may result~~ from ~~our~~ ~~possible~~the ~~inability~~sale ~~to continue as a going concern. As~~ of ~~December 31~~land, ~~2015,~~buildings ~~the~~and ~~Company has an accumulated deficit of $18,949,683~~equipment.

Cash provided by financing activities for the year ended December 31, 2016 was $97,349 compared to $5,179 from the prior year. . The increase in 2016 was due to $375,000 proceeds received from notes payable and $110,816 in proceeds received from related parties compared to $207,630 in proceeds received from related parties in the prior year.

Critical Accounting Policies and Estimates

The SEC issued Financial Reporting Release No. 60, “Cautionary Advice Regarding Disclosure About Critical Accounting Policies” suggesting that companies provide additional disclosure and commentary on their most critical accounting policies. In Financial Reporting Release No. 60, the SEC has defined the most critical accounting policies as the ones that are most important to the portrayal of a company’s financial condition and operating results, and require management to make its most difficult and subjective judgments, often as a result of the need to make estimates of matters that are inherently uncertain. Based on this definition, we have identified the following significant policies as critical to the understanding of our financial statements. The preparation of financial statements in conformity with generally accepted accounting principles requires management to make a variety of estimates and assumptions that affect (i) the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and (ii) the reported amounts of revenues and expenses during the reporting periods covered by the financial statements. Our management expects to make judgments and estimates about the effect of matters that are inherently uncertain. As the number of variables and assumptions affecting the future resolution of the uncertainties increase, these judgments become even more subjective and complex. Although we believe that our estimates and assumptions are reasonable, actual results may differ significantly from these estimates. Changes in estimates and assumptions based upon actual results may have a material impact on our results.

Off-Balance Sheet Arrangements

We do not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to investors.

ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

As a smaller reporting company, we are not required to provide this information.

ITEM 8. FINANCIAL STATEMENTS.

The financial statements and supplementary financial information required by this Item are set forth immediately following the signature page and are incorporated herein by reference.

ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE.

None.

ITEM 9A. CONTROLS AND PROCEDURES

Our Chief Executive Officer and Principal Financial Officer, after evaluating the effectiveness of our disclosure controls and procedures” (as defined in the Securities Exchange Act of 1934 (Exchange Act) Rules 13a-15(e) or 15d-15(e)) as of the end of the period covered by this annual report, has concluded that our disclosure controls and procedures are not effective at a reasonable assurance level based on their evaluation of of these controls and procedures as required by paragraph (b) of Exchange Act Rules 13a-15 or 15d-15.

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) under the Securities Exchange Act of 1934, internal control over financial reporting is a process designed by, or under the supervision of, our principal executive, principal accounting and principal financial officers, or persons performing similar functions, and effected by the our Board of Directors, management and other personnel, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with accounting principles generally accepted in the United States of America.

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 generally accepted accounting principles, and that our receipts and expenditures are being made only in accordance with authorizations 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.

Our management, including our Chief Executive Officer and Principal Financial Officer assessed the effectiveness of our internal control over financial reporting as of December 31, ~~2015~~2016. In making this assessment, management used the framework in Internal Control - Integrated Framework promulgated by the Committee of Sponsoring Organizations of the Treadway Commission, commonly referred to as the COSO criteria. Based on the assessment performed, management believes that as of December 31, 2015, our internal control over financial reporting was not effective based upon the COSO criteria. Additionally, based on management’s assessment, we determined that there were material weaknesses in our internal control over financial reporting as of December 31, 2015.-

2013 criteria. Based on the assessment performed, management believes that as of December 31, 2016, our internal control over financial reporting was not effective based upon the COSO-2013 criteria. Additionally, based on management’s assessment, we determined that there were material weaknesses in our internal control over financial reporting as of December 31, 2016.

This Annual Report does not include an attestation report of our independent registered public accounting firm regarding internal control over financial reporting. Management’s report was not subject to attestation by our registered public accounting firm pursuant to temporary rules of the SEC that permit us to provide only management’s report in this annual report.

Changes in Internal Controls

During the year ended December 31, ~~2015~~2016, there was no change in internal control over financial reporting that has materially affected, or is reasonably likely to materially affect our internal control over financial reporting.

ITEM 9B. OTHER INFORMATION.

~~Depository Chill~~Management Changes

~~The~~At ~~Depository~~a ~~Trust~~meeting ~~Company~~of ~~(“DTC”)~~the Board of Directors ~~has~~held ~~advised~~on usAugust ~~that~~26, ~~DTC~~2016, ~~has~~the ~~imposed~~Board aof ~~restriction~~Directors onvoted ~~physical~~to ~~and~~remove ~~electronic~~John ~~deposit~~Griffin ~~transactions~~as (the ~~“Deposit~~Chairman ~~Chill”) in~~and ~~shares~~Chief ofExecutive ~~our~~Officer ~~common~~of ~~stock.~~Adama Technologies ~~The~~and ~~effect~~voted ofto ~~the~~replace ~~Deposit~~him ~~Chill~~with isEric ~~that~~Sills. ~~DTC~~The ~~will~~board noalso ~~longer~~voted ~~accept~~to ~~share~~appoint ~~certificates~~Brandon ~~for~~James ~~deposit, thereby~~Rushing ~~preventing~~to the ~~deposit~~position of Vice ~~the~~President ~~underlying~~and ~~shares~~Chief ~~into~~Operational ~~DTC-participant broker accounts~~Officer. ~~Generally~~This ~~speaking,~~change ~~as long as the Deposit Chill is~~ in ~~place,~~management ~~persons~~was ~~holding~~reported ~~such~~on ~~shares~~a ~~will~~Form be8-K ~~unable~~filed towith ~~deposit~~the orSEC ~~trade~~on ~~them~~August 29, ~~electronically~~2016.

The Deposit Chill applies to all shares newly issued on or after the Chill Effective Date, as well as all shares previously issued as “restricted securities” that are cleared for resale on or after the effective date, pursuant to an effective registration statement under the Securities Act or pursuant to Rule 144 under the Securities Act.

As long as the Deposit Chill is in place, persons with share certificates representing freely tradable shares or restricted shares will be unable to deposit their shares into a broker account and effect trades electronically. This will likely have a material adverse effect on the public trading market for our shares; and will represent a significant obstacle to shareholders holding share certificates who wish to sell their shares.

Management Changes.

At a meeting of the Board of Directors held on February 4, 2014, Mr. Michael Gelmon resigned as a director and officer, effective immediately, after first appointing Michael Choo as a director. On February 4, 2014, Michael Choo, of Los Angeles, California, was appointed as an additional director of Registrant by the Board of Directors to fill an existing vacancy, effective immediately. On February 4, 2014, Mr. Choo was elected by the Board of Directors to serve as Chairman, President, Secretary and Chief Executive and Financial Officer. On March 31, 2016, Mr. Choo appointed John Griffin as a director of the Company and thereafter resigned as an officer and director. Mr. Griffin then was appointed as Chairman, CEO, President and Secretary and now serves as our sole officer and director. Mr. Griffin also serves as President of Incubator Holdings, Inc. This change in management was reported on a Form 8-K filed with the SEC on April 15, 2016.

Alberta, Canada Securities Commission Cease Trade Order.

In late January, 2014, we were notified by letter from the Alberta Securities Commission in Calgary, Alberta, Canada, that we are considered by them to be an “Alberta reporting company” by virtue of an Alberta ordinance making any US company with its shares trading in the US over-the-counter markets, automatically an Alberta reporting company if any officer, director or consultant with executive or fund-raising responsibilities is a resident of Alberta. Since Michael Gelmon, our former CEO, was a Calgary resident, the Alberta Securities Commission deemed the Company to be a reporting issuer, required retroactively to file periodic reports in Alberta and to submit to the regulatory control of the Alberta Securities Commission, and accordingly issued a trading “cease and desist” order against trading of our common stock in Alberta. Mr. Gelmon was only affiliated with the Company from June 19, 2013 to February 4, 2015. There has been no further activity or response to this action and currently the Company has no officers or directors, shareholders of record, offices, assets or business located in Alberta. On closing of the pending transaction with Incubator Holdings, Inc., the Company will become a wholly-owned, private subsidiary of Incubator Holdings, Inc. and will no longer be a reporting company. The cease trade order should have no effect on Incubator Holdings, Inc.

Acquisitions.

~~We expect~~Adama tohas ~~close~~completed the ~~pending~~acquisition ~~transaction~~and subsequent reverse merger with ~~Incubator~~Alpine ~~Holdings,~~Industries ~~Inc.~~and is engaged in ~~June,~~3 ~~2016~~additional asset based purchases as detailed in Item 1.

PART III

ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE.

DIRECTORS AND EXECUTIVE OFFICERS

The following table sets forth certain information regarding the members of our Board of Directors and our executive officers as of December 31, ~~2015~~2016.

Name	Age	Positions and Offices Held
Michael Choo	51	Chief Executive Officer, Chief Financial/Accounting Officer, Secretary and Director
Eric Sills	49	Chief Executive Officer, Chief Financial/Accounting Officer, Secretary and Director
Brandon Rushing	32	Vice President, Chief Operating Officer, Director

Our Directors hold office until the next annual meeting of our stockholders or until their successors is duly elected and qualified. Set forth below is a summary description of the principal occupation and business experience of each of our Directors and executive officers for at least the last five years.

9Eric Sills. Eric Sills is an engineer by training. He has worked in manufacturing, plant management and operations with large plant facilities. He received his engineering and management degree at The University of Tennessee in Knoxville in 1991. He started out as an engineer in 1991 for the LEE jeans company where he served as manager of quality control for all of LEE’s denim products and played a large role in putting together all of LEE’s strategic markets in the Southeast. He then started his own company, SILLCO, INC., where he was responsible for operations of SILLCO production, sales and financial budgeting and analysis. Eric provided management to mid-level managers, worked

~~MICHAEL~~12 O. CHOO, 51, an experienced senior executive, is the former President & Chief Executive Officer of Bellflower Medical Center, Los Angeles, CA. Previously served as Principal, Managing Partner & President & Chief Executive Officer of Integra Healthcare, Inc., Principal, Managing Partner, & Chairman of The Board of Directors of Doctors’ Hospital of Shreveport, and Principal, Managing Partner & Senior Vice President of Operations for Ethicus Healthcare Management, LLC. Mr. Choo was also previously the Senior Vice President of Promise Healthcare, Inc. and Chief Executive Officer of Promise Specialty Hospital of Shreveport, a 146 bed JCAHO long-term acute care, acute rehabilitation, gerontologic and adult psych turnaround hospital located in Shreveport, Louisiana. As second in command of the Company, he had corporate oversight of the Company’s 14 other facilities from the standpoint of corporate recruitment, new business development, and operational turnaround. Before his departure from Promise Healthcare, Inc., he brought together over 120+ collective years of corporate operational experience, leadership, structure, “team concept” and organization to the Promise Healthcare Executive team. Mr. Choo has over 29 years of experience in healthcare with expertise in Operational Executive Management, Hospital Turnarounds, Hospital Acquisitions, and Ground Floor Start-ups. He has vast experience in the clinical setting as well as the operational and organizational development & structure of hospitals and healthcare organizations to comply with state & federal regulatory agency guidelines. Mr. Choo is finishing his Master’s degree in Business Administration from California Coast University, and served in executive positions with various hospitals and companies managing hospitals. He held a previous position as the Chief Executive Officer of HealthSouth in Reno a 63 Acute Rehabilitation Freestanding Hospital in Reno, NV acting as Team Leader for the HealthSouth Surgical center, and HealthSouth Sports Clinic in Carson City, NV. He also has been the Vice President of NPSI with responsibility for 4 major hospitals in the Los Angeles and San Diego area, and Regional Chief Operations Officer of ARMS with responsibilities for 5 hospital turnarounds and 2 ground floor start-ups.

~~Although~~with financing ~~subsequent~~sources to secure financing for the ~~date~~capital needs of ~~this Annual~~the ~~Report~~company, ~~Mr.~~and ~~Choo~~provided ~~resigned~~leadership inand ~~March~~oversight ~~2016~~to the product development team and ~~was~~helped ~~replaced~~launch asnew ~~sole~~product ~~officer~~brands ~~and~~that ~~director~~were bysold ~~John~~to ~~Griffin~~wholesale and retail markets.

~~JOHN GRIFFIN. Since June 2009, Mr.~~Eric ~~Griffin~~eventually ~~has~~sold ~~been~~SILLCO ~~serving as President~~ and ~~CEO~~became ofa ~~AutoHood~~partner ~~Media,~~in ~~LLC,~~a ancontracting ~~advertising~~ company ~~targeting~~in ~~the~~central ~~mobile~~Tennessee ~~out-of-home~~where ~~advertising markets,~~he ~~with~~currently aserves ~~focus on the taxi advertising market. From 2005 to 2009, Mr. Griffin served~~ as ~~President~~an ~~and CEO of Xtreme Sports~~executive ~~Group,~~director ~~LLC.~~and ~~From~~sales ~~1990 to 2005, Mr~~manager. ~~Griffin~~Eric ~~served~~manages asthe ~~President~~sales ~~and~~team, ~~CEO~~oversees ofall ~~Music~~procurement ~~City Motorsports~~activity, ~~Inc.~~scheduling ~~Prior to that~~materials, ~~Mr.~~laborers ~~Griffin~~and ~~was~~customer ~~President of Griffin Contractors, Inc~~service., aThis ~~residential~~company ~~and~~is ~~commercial~~on ~~contractor,~~schedule ~~and~~to ~~Griffin~~have ~~Properties,~~revenue ~~Inc., a residential and commercial real estate brokerage~~ in ~~Nashville,~~excess ~~Tennessee.~~of ~~Mr.~~$20 ~~Griffin~~million ~~received his Bachelor’s~~ in ~~Business Administration degree from Middle Tennessee State University~~2017.

Eric has been married for 24 years and has two children. He is very active with his children, coaching both soccer and baseball.

Brandon James Rushing. Brandon is a Graduated from the University of Tennessee and also serves as a sales manager for a large auto dealer software company. His background in both sales as well as software supply and development give him a keen understanding of the unique challenges and opportunities facing Adama Technologies. Brandon has been instrumental in utilizing his background and contacts to help navigate the difficult waters of operating a tech startup and turning it into a marketable product. Brandon continues to believe in the vision and direction of Adama Technologies and is very focused on growing the tech sector opportunities that are currently in development.

Audit Committee and Financial Expert

We do not have an audit committee or an audit committee financial expert. Our corporate financial affairs are simple at this stage of development and each financial transaction can be viewed by any officer or Director at will. We will form an audit committee if it becomes necessary as a result of growth of the Company or as mandated by public policy.

Code of Ethics

We do not currently have a Code of Ethics applicable to our principal executive, financial and accounting officers; however, the Company plans to implement such a code in the ~~second~~third quarter of ~~2015~~2017.

Potential Conflicts of Interest

Since we do not have an audit or compensation committee comprised of independent Directors, the functions that would have been performed by such committees are performed by our Board of Directors. Thus, there is a potential conflict of interest, in that our Directors who are also our officers have the authority to determine issues concerning management compensation, and audit issues that may affect management decisions. We are not aware of any other conflicts of interest with any of our Directors or officers.

ITEM 11. EXECUTIVE COMPENSATION

Any compensation received by our officers, directors, and management personnel will be determined from time to time by our Board of Directors. Our officers, directors, and management personnel will be reimbursed for any out-of-pocket expenses incurred on our behalf.

Summary Compensation

Employment Contracts . We have no employment agreements with any of our Directors or executive officers.

Stock Options/SAR Grants . On July 22, 2009, the Company adopted the Stock Incentive Plan, pursuant which the Company is authorized to grant equity-based awards in the form of stock options, restricted common stock, restricted stock units, stock appreciation rights, and other stock based awards to employees (including executive officers), directors, consultants and service provider of the Company and its subsidiaries. The maximum number of shares available for grant under the plan is 25,000,000 shares of common stock. The number of shares available for award under the plan is subject to adjustment for certain corporate changes and based on the types of awards provided, all in accordance with the provisions of the plan. The plan may be administered by the Board. No options have been issued to date under the plan.

SUMMARY COMPENSATION TABLE

Name and principal position	Year	Accrued Salary ($)		Bonus ($)		Stock Awards ($)		Option Awards ($)		Non-Equity Incentive Plan Compensation ($)		Nonqualified Deferred Compensation Earnings ($)		All Other Compensation ($)		Total ($)
Michael Choo CEO	2015		0		0		0		0		0		0		0	$	0
Eric Sills, CEO	2016		--		-		-		-		-		-		-	$	-
	2014		52,500		0		0		0		0		0		0	$	52,500
Brandon Rushing	2016		-		-		-		-		-		-		-	$	-
Michael Gelmon, Former CEO	2015		0		0		0		0		0		0		0	$	0
	2014		0		0		0		0		0		0		30,000	$	30,000

Long-Term Incentive Plans. As As of December 31, ~~2015~~2016, we had no group life, health, hospitalization, or medical reimbursement or relocation plans in effect. Further, we had no pension plans or plans or agreements which provide compensation on the event of termination of employment or ~~corporate~~ corporate change in control.

~~Outstanding~~13 ~~Equity Awards. As of December 31, 2015, none of our Directors or executive officers holds unexercised options, stock that has not vested, or equity incentive plan awards.~~

Outstanding Equity Awards. As of December 31, 2016, none of our Directors or executive officers holds unexercised options, stock that has not vested, or equity incentive plan awards.

Compensation of Directors

During the year ~~2015~~2016 no compensation has been paid to any of our Directors in consideration for their services rendered in their capacity as directors.

ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS.

The following table lists the number of shares of common stock of our Company that are beneficially owned by (i) each person or entity known to our Company to be the ~~beneficial~~ beneficial owner of more than 5% of the outstanding common stock; (ii) each officer and director of our Company; and (iii) all officers and directors as a group. Information relating to beneficial ownership of common stock by our principal shareholders and management is based upon information furnished by each person using “beneficial ownership” concepts under the rules of the Securities and Exchange Commission. Under these rules, a person is deemed to be a beneficial owner of a security if that person has or shares voting power, which includes the power to vote or direct the voting of the security, or investment power, which includes the power to vote or direct the voting of the security. The person is also deemed to be a beneficial owner of any security of which that person has a right to acquire beneficial ownership within 60 days. Under the Securities and Exchange Commission rules, more than one person may be deemed to be a beneficial owner of the same securities, and a person may be deemed to be a beneficial owner of securities as to which he or she may not have any pecuniary beneficial interest. Except as noted below, each person has sole voting and investment power.

11The percentages below are calculated based on 114,815,971 shares of our common stock issued and outstanding as of December 31, 2016. The address of each person listed is c/o the Company

The percentages below are calculated based on 328,851,197 shares of our common stock issued and outstanding as of December 31, 20151. The address of each person listed is c/o the Company

	No. of	Percentage
Officers, Directors and 5% Stockholders	Shares	Ownership
Keith Rosenblum	25,000,000	21.7	%
Rowen Pfeifer	25,000,000	21.7	%
	50,000,000	43.4	%

Officers, Directors and 5% Stockholders	No. of Shares		Percentage Ownership
Michael Choo		0		-
Anoe SA		20,000,000		6.0	%
Ahoran Albacher		43,000,000		13.1	%
Roni Kotler		42,000,000		12.8	%
Dori Sharoni		20,500,000		6.2	%

¹ The vote attributed to the common stock listed above is only 49% of the total vote

1JA ~~The~~Investment Holdings, LLC. holds 498 million shares of preferred stock with 51% of the total vote, ~~attributed~~JA toInvestment Holdings, LLC. is the ~~common~~controlling ~~stock~~voting ~~listed~~shareholder ~~above~~of isthe ~~only~~Company, ~~49%~~with 51 percent of the total ~~vote~~voting power of all classes of stock voting on any matter.

iEquity Corp. held 1 million shares of preferred stock with 51% of the total vote, which it contracted to sell to International Ambitions, LLC in September, 2015. As majority voting shareholder, iEquity Corp. approved the original acquisition agreement with Incubator Holdings, Inc. In October, 2015, the purchase and sale agreement was amended, International Ambitions, LLC paid a portion of the total consideration for the preferred stock, and granted a security interest in the preferred stock to iEquity securing the balance due for the purchase. Subject to the security interest held by iEquity Corp., International Ambitions, LLC is now the controlling voting shareholder of the Company, with 51 percent of the total voting power of all classes of stock voting on any matter.

We have not entered into any transaction nor are there any proposed transactions in which our Director, executive officer, stockholders or any member of the immediate families of the foregoing had or is to have a direct or indirect material interest during the year ended December 31, ~~2015~~2016.

Director Independence

We are not subject to listing requirements of any national securities exchange or national securities association and, as a result, we are not at this time required to have a majority of “independent directors” on our board of directors. We do not believe that any of our current directors are independent.

Item 14. Principal Accountant Fees and Services.

Fees Paid to Principal Accountant

~~Anton~~Heaton & ~~Chia has~~Company, ~~served~~PLLC is as our independent ~~auditor~~ auditor for the fiscal years ended December 31, ~~2015~~2016 and ~~2014~~2015. The following table reflects the fees paid or accrued to our independent auditors in years ended December 31, ~~2015~~2016 and ~~2014~~2015:

	December 31, 2015			December 31, 2014
		December 31, 2016		December 31, 2015
Audit Fees	$	134,~~125~~000	$	$—	~~13,000~~
Tax Fees	$	-—	$	$—	-
All Other Fees	$	-—	$	$—	-

12Audit Fees - Consists of fees for professional services rendered by our principal accountants for the audit of our annual financial statements and review of the financial statements included in our Forms 10-Q or services that are normally provided by our principal accountants in connection with statutory and regulatory filings or engagements.

Audit-related Fees - Consists of fees for assurance and related services by our principal accountants that are reasonably related to the performance of the audit or review of our financial statements and are not reported under “Audit fees.”

Tax Fees - Consists of fees for professional services rendered by our principal accountants for tax compliance, tax advice and tax planning.

All Other Fees - Consists of fees for products and services provided by our principal accountants, other than the services reported under “Audit fees,” “Audit-related fees,” and “Tax fees” above.

Policy on Audit Committee Pre-Approval of Audit and Permissible Non-Audit Services of Independent Auditors

We have not adopted an Audit Committee; therefore, there is no Audit Committee policy in this regard. However, we do require approval in advance of the performance of professional services to be provided to us by our principal accountant. Additionally, all services rendered by our principal accountant are performed pursuant to a written engagement letter between us and the principal accountant.

Audit Committee Pre-Approval of Audit and Permissible Non-Audit Services of Independent Registered Public Accounting Firm.

As of December 31, ~~2015~~2016, the Board has not established a formal documented pre-approval policy for the fees of our principal accountant.

The percentage of hours expended on the principal accountant’s engagement to audit our financial statements for the most recent fiscal year that were attributed to work performed by persons other than the principal accountant’s full-time, permanent employees was 0%.

Part IV

Item 15. Exhibits, Financial Statement Schedules.

Exhibit No.		Description
31.1		Certification of Chief Executive Officer required by Rule 13a-14(a) under the Exchange Act (filed herewith).
31.2		Certification of Chief Financial Officer required by Rule 13a-14(a) under the Exchange Act (filed herewith).
32		Certification of Principal Executive, Financial and Accounting Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of Sarbanes-Oxley Act of 2002 (filed herewith).
99.1		March 31, 2016 Deficiency Letter from FINRA
99.2		Settlement and release Agreement with Asher Enterprises, Inc. dated May 2, 2016

SIGNATURES

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

	ADAMA TECHNOLOGIES CORP.
Date: September 14, 2016	By:	/s/ Eric Sills
Date: September 20, 2017	By:	/s/ Eric Sills
		Eric Sills
		Chief Executive Officer & Chief Financial Officer

1316

ADAMA TECHNOLOGIES CORP. INDEX TO CONSOLIDATED FINANCIAL STATEMENTS DECEMBER 31, 2016 AND 2015

INDEX TO FINANCIAL STATEMENTS

Report of Independent Registered Public Accounting Firm	F-1

Consolidated Financial Statements

Consolidated Balance Sheets as of December 31, 2016 and December 31, 2015	F-2

Consolidated Statements of Operations for the Years Ended December 31, 2016 and 2015	F-3

Consolidated Statements of Cash Flows for the Years Ended December 31, 2016 and 2015	F-4

Consolidated Statement of Stockholders’ equity (deficit) for the Years Ended December 31, 2016 and 2015	F-5

Notes to Consolidated Financial Statements	F-6

~~DECEMBER~~Heaton 31& Company, ~~2015 AND 2014~~PLLC

Report of Independent Registered Public Accounting Firm	F-1
Kristofer Heaton, CPA		REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To The Board of Directors and Stockholders of Adama Technologies Corporation We have audited the accompanying balance sheets of Adama Technologies Corporation. (the Company) as of December 31, 2016 and 2015, and the related statements of operations, stockholders’ equity (deficit) and cash flows for the years then ended. These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with the standards of the Public Company Accounting Oversight Board (United States of America). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. Our audit included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion. In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Adama Technologies Corporation as of December 31, 2016 and 2015, and the results of its operations and its cash flows for the years then ended, in conformity with accounting principles generally accepted in the United States of America. The accompanying financial statements have been prepared assuming the Company will continue as a going concern. As discussed in Note 2 to the financial statements, the Company has negative working capital. This factor, among others, raise substantial doubt about the Company’s ability to continue as a going concern. Management’s plans in regards to this matter are also described in Note 2. The financial statements do not include any adjustments that might result from the outcome of this uncertainty. /s/Heaton & Company, PLLC Farmington, Utah
Financial Statements
240 N. East Promontory Suite 200 Farmington, Utah 84025 (T) 801.218.3523 heatoncpas.com		October 10, 2017
Balance Sheets as of December 31, 2015 and December 31, 2014 (as restated)	F-2
Statements of Operations for the Years Ended December 31, 2015 and 2014 (as restated)	F-3
Statement of Changes in Stockholders' Deficit for the Years Ended December 31, 2015 and 2014 (as restated)	F-4
Statements of Cash Flows for the Years Ended December 31, 2015 and 2014 (as restated)	F-5
Notes to Financial Statements	F-6

F-1

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Directors and Stockholders

Adama Technologies Corporation

We have audited the accompanying balance sheets of Adama Technologies Corporation (the "Company”) as of December 31, 2015 and 2014, and the related statements of operations, changes in stockholders’ deficit and cash flows for the two years then ended. These financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on these financial statements based on our audits.

We conducted our audits in accordance with standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement. The Company was not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control over financial reporting. Accordingly, we express no such opinion. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of the Company as of December 31, 2015 and 2014, and the results of its operations and its cash flows for the two years then ended, in conformity with accounting principles generally accepted in the United States of America.

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 2 to the financial statements, the Company has had no revenues and incurred an accumulated deficit of $18,949,683 and $18,366,636 as of December 31, 2015 and 2014 (as restated), respectively. The Company is also in default under certain of its loan agreements. These conditions, among others, raise substantial doubt about the Company’s ability to continue as a going concern. Management's plans concerning these matters are also described in Note 2, which includes the raising of additional equity financing or merger with another entity. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

/s/ Anton & Chia, LLP

Newport Beach, California

September 19, 2016

F- 1

ADAMA TECHNOLOGIES CORP. CONSOLIDATED BALANCE SHEETS AS OF DECEMBER 31, 2016 AND 2015

BALANCE SHEETS

		December 31, 2016			December 31, 2015

Assets
Current Assets
Cash	$	202,339		$	—

Prepaid Expenses and Other Current Assets		1,500			2,609
Inventory		1,642,860			2,873,147
Accounts Receivable		—			102,894
Total current assets		1,846,699			2,978,650

Property and Equipment		281,055			784,080

Total Assets	$	2,127,754		$	3,762,730

Liabilities & Stockholders’ Equity/(Deficit)
Current Liabilities
Accounts Payable and Accrued Liabilities	$	1,442,895		$	688,095
Client Deposits		1,142,437			3,079,788
Bank Overdraft		—			15,830
Current Portion of Notes Payable		373,259			103,109
Loans from Related Parties		316,746			205,930
Current Portion of Line of Credit		22,307			21,839
Current Portion of Capital Leases		83,637			77,172
Convertible Notes Payable, Net of Discount		643,689			—
Judgement Payable		248,490			—
Derivative Liability		2,747,122			—
Total Current Liabilities		7,020,582			4,191,763

Long-Term Debt
Notes Payable, Less Current Portion		—			176,993
Capital Leases, Less Current Portion		157,346			233,244
Line of Credit, Less Current Portion		77,381			99,210
Total Long-Term Debt		234,727			509,447

Total Liabilities		7,255,309			4,701,210

Stockholders’ Equity/(Deficit)
Preferred Stock, $.0001 par value, 500,000,000 million authorized 500,000,000 and 0 shares issued and outstanding at December 31, 2016 and 2015, respectively		8,500			—
Common Stock, $.0001 par value, 500,000,000 million authorized 114,815,781 and 8,000,000 shares issued and outstanding at December 31, 2016 and 2015, respectively		11,482			800
Additional Paid-In Capital		(5,987,593	)		258,925
Retained Earnings(Deficit)		840,056			(1,198,205	)
Total Stockholders’ Equity/(Deficit)		(5,127,555	)		(938,480	)

Total Liabilities & Stockholders’ Equity/(Deficit)		2,127,754			3,762,730

AS OF DECEMBER 31, 2015 AND 2014 (as restated)

	December 31, 2015			December 31, 2014
				(as restated)
Assets
Current Assets
Cash	$	-		$	-
Total Assets	$	-		$	-
Liabilities & Stockholders' Deficit
Current Liabilities
Accounts payable and accrued liabilities		178,609			137,653
Loans from related parties - Directors and stockholders		-			22,500
Loans from third parties		16,075			3,000
Convertible notes payable, net of discount		566,250			363,750
Convertible note premium		233,925			108,066
Judgement payable		181,250			-
Derivative liability		146,227			171,560
Total Liabilities		1,322,336			806,529
Stockholder's Deficit
Common Stock, $0.0001 par value, 500,000,000 shares authorized 328,851,197 and 328,851,197 shares issued and outstanding		32,885			32,885
Preferred Stock, $0.001 par value, 1,000,000 shares authorized 1,000,000 and 0 shares issued and outstanding		1,000			-
Additional paid in capital		17,526,222			17,579,292
Common stock issuable		67,240			-
Stock subscriptions receivable		-			(52,070	)
Accumulated deficit		(18,949,683	)		(18,366,636	)
Total Stockholders’ Deficit		(1,322,336	)		(806,529	)
Total Liabilities and Stockholders' Deficit	$	-		$	-

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

F- 2

ADAMA TECHNOLOGIES CORP. CONSOLIDATED STATEMENTS OF OPERATIONS FOR THE YEARS ENDED DECEMBER 31, 2016 and 2015

STATEMENTS OF OPERATIONS

		Year Ended December 31, 2016			Year Ended December 31, 2015


Revenues	$	2,880,248		$	2,468,657
Cost of Goods Sold		2,082,662			2,107,697
Gross Profit		797,586			360,960

Expenses:

General and Administrative		404,451			335,414
Depreciation and Amortization		83,043			97,545
Other General and Administrative		—			—
Total Operating Expenses		487,494			432,959

Income(Loss) From Operations		310,092			(71,999	)

Other Income (Expenses)
Gain on Sale of Asset		228,018			—
Gain/(Loss) on Derivatives		1,718,507			—
Interest Expense		(218,356	)		(45,642	)
Total Other Income(Expenses)		1,728,169			(45,642	)

Net income/(loss) Before Income Taxes		2,038,261			(117,641	)

Income Tax Expense		—			—
Net Income/(Loss)		2,038,261			(117,641	)

Net Gain/(Loss) Per Share - Basic	$	0.11		$	(0.00	)
Net Gain/(Loss) Per Share - Diluted	$	0.04		$	(0.00	)

Weighted Average Number of Shares - Basic		18,110,021			8,000,000
Diluted		51,990,722			8,000,000

FOR THE YEARS ENDED DECEMBER 31, 2015 and 2014 (as restated)

	For the Year Ended December 31,
	2015			2014
				(as restated)
Revenues	$	-		$	-
Expenses:
General and administrative
Professional fees		7,875			10,400
Consulting		180,000			202,500
Other general and administrative expenses		7,712			5,410
Total Expenses		195,587			218,310
Loss from operations		(195,587	)		(218,310	)
Other income (expense)
Forgiveness of debt		22,030			-
Judgement		(248,490	)		-
Loss on extinguishment of debt		(497,500	)		(302,000	)
Amortization of convertible debt premium		371,640			193,934
Change in fair value of derivatives		25,333			43,724
Interest expense		(60,473	)		(42,978	)
Loss before income taxes		(583,047	)		(325,630	)
Income tax expense		-			-
Net Loss	$	(583,047	)	$	(325,630	)
Net loss per share - basic and diluted	$	(0.00	)	$	(0.00	)
Weighted average number of shares outstanding during the period - basic and diluted		328,851,197			328,851,197

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

F- 3

ADAMA TECHNOLOGIES CORP. CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED DECEMBER 31, 2016 AND 2015

STATEMENT OF STOCKHOLDERS' DEFICIT

		2016			2015

Operating Activities:
Net Income (Loss)		2,038,261			(117,641	)
Adjustments to reconcile net income(loss) to cash used in operating activities:
Gain on Sale of Property and Equipment		(228,018	)		—
Depreciation and Amortization		83,043			97,545
Accretion of Debt Discount		67,047			—
Imputed interest		19,917			—
Gain on Derivative Liability		(1,718,507	)		—
Changes in operating assets and liabilities
Accounts Receivable		102,894			(17,813	)
Prepaid & Other Current Assets		1,109
Inventory		1,230,287			467,818
Accounts Payable and Accrued Liabilities		(201,692	)		410,007
Client Deposits		(1,937,351	)		(877,135	)
Net Cash Used in Operating Activities		(543,010	)		(37,219	)

Investing Activities
Proceeds from Sale of Property and Equipment		648,000			—
Purchase of Property and Equipment		—			(1,699	)
Net Cash Provided by (Used in) Investing Activities		648,000			(1,699	)

Financing Activities
Bank Overdraft		(15,830	)		15,830
Repayment on Note Payable		(281,843	)		(87,977	)
Repayment on Line of Credit		(21,361	)		(21,361	)
Repayment on Capital Leases		(69,433	)		(87,943	)
Proceeds from Related Parties		110,816			207,630
Repayment to Related Parties		—			(10,000	)
Capital Distribution		—			(11,000	)
Proceeds From Notes Payable		375,000			—
Net Cash Provided by Financing Activities		97,349			5,179

Net Increase(Decrease) in Cash		202,339			(33,739	)
Cash, Beginning of Period		—			33,739
Cash, End of Period		202,339			—

Supplemental Disclosure of Cash Flow Information
Cash Paid during the period for:
Income Taxes		—			—
Interest		55,855			43,308
Non-cash investing and financing activities
Stock Issued for Acquisitions	$	2,000,000		$	—
Liabilities Assumed in Recapitalization	$	1,903,992		$	—
Common Shares Issued Upon Conversion of Promissory Notes	$	412,500		$	—
Convertible Notes Issued to Settle Accounts Payable	$	535,000		$	—

FOR THE YEARS ENDED DECEMBER 31, 2015 AND 2014 (as restated)

	Common Stock *				Preferred Stock				Additional Paid			Common Stock		Stock Subscriptions			Deficit Accumulated During the Development			Total Stockholders'
	Shares		Amount		Shares		Amount		In Capital			Issuable		Receivable			Stage			Deficit
Balance - December 31, 2013		328,851,197	$	32,885		-	$	-	$	17,564,292		$	-	$	(44,990	)	$	(18,041,006	)	$	(488,819	)
NOHO subscription agreement		-		-		-		-		15,000			-		(15,000	)		-			-
Payments on subscription receivable		-		-		-		-		-			-		7,920			-			7,920
Beneficial conversion feature		-		-		-		-		-			-		-			-			-
Net loss for the year ended December 31, 2014		-		-		-		-		-			-		-			(325,630	)		(325,630	)
Balance - December 31, 2014 (as restated)		328,851,197	$	32,885		-	$	-	$	17,579,292		$	-	$	(52,070	)	$	(18,366,636	)	$	(806,529	)
Judgment stock issuable		-		-		-		-		-			67,240		-			-			67,240
Write off of stock subscription receivable		-		-		-		-		(52,070	)		-		52,070			-			-
Issuance of preferred shares		-		-		1,000,000		1,000		(1,000	)		-		-			-			-
Net loss for the year ended December 31, 2015		-		-		-		-		-			-		-			(583,047	)		(583,047	)
Balance - December 31, 2015		328,851,197	$	32,885		1,000,000	$	1,000	$	17,526,222		$	67,240	$	-		$	(18,949,683	)	$	(1,322,336	)

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

F- 4

ADAMA TECHNOLOGIES CORP. CONSOLIDATED STATEMENT OF STOCKHOLDERS’ EQUITY (DEFICIT) FOR THE YEARS ENDED DECEMBER 31, 2015 AND 2016

STATEMENTS OF CASH FLOWS

	Common Stock,			Preferred Stock,										Total
	$0.0001 Par Value			$0.0001 Par Value				Additional			Retained			Stockholders’
	Number of Shares		Amount	Number of Shares		Amount		paid-in Capital			Earnings (Deficit)			Equity (Deficit)
Balance, January 1, 2015	8,000,000	$	800	—	$	—	$	269,925		$	(1,080,564	)	$	(809,839	)

Distributions	—		—	—		—		(11,000	)		—			(11,000	)

Net loss 2015	—		—	—		—		—			(117,641	)		(117,641	)

Balance, December 31, 2015	8,000,000		800	—		—		258,925			(1,198,205	)		(938,480	)

Reverse merger recapitalization	90,315,781		9,032	500,000,000		8,500		(6,678,085	)		—			(6,660,553	)

Imputed Interest								19,917						19,917

Shares issued for conversion of debt	16,500,000		1,650	—		—		410,850			—			412,500

Net Income 2016	—		—	—		—		—			2,038,261			2,038,261

Balance, December 31, 2016	114,815,781	$	11,482	500,000,000	$	8,500	$	(5,987,593	)	$	840,056		$	(5,127,555	)

	For the Year Ended December 31, 2015			For the Year Ended December 31, 2014
				(as restated)
OPERATING ACTIVITIES:
Net Income (loss)	$	(583,047	)	$	(325,630	)
Adjustments to reconcile net loss to net cash used in operating activities:
Loss on extinguishment of debt		497,500			302,000
Other income		(371,640	)		(193,934	)
Forgiveness of debt		(22,030	)		-
Judgement payable		248,490			-
Change in fair value of derivatives		(25,333	)		(43,724	)
Accounts payable and accrued liabilities		242,985			261,288
Net Cash Used in Operating Activities		(13,075	)		-
FINANCING ACTIVITIES:
Proceeds from third party		13,075			-
Net Cash Provided by Financing Activities		13,075			-
Net Decrease in Cash		-			-
Cash, beginning of period		-			-
Cash, end of period	$	-		$	-
SUPPLEMENTARY CASH FLOW INFORMATION
Cash paid during the year/period for:
Income Taxes	$	-		$	-
Interest	$	-		$	-
SUPPLEMENTARY CASH FLOW INFORMATION
Notes issued to settle payables	$	202,500		$	270,000
Shares reserved for judgement	$	67,240		$	-

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

F- 5

ADAMA TECHNOLOGIES CORP. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTES TO FINANCIAL STATEMENTS

EXPLANATORY NOTE

The Company will file an amended annual report on Form 10-K/A for the year ended December 31, 2014 to restate the 2014 financial statements relating to accounting for the extinguishment of debt.

(1) Summary of Significant Accounting Policies

~~Basis~~Organization and Description of ~~Presentation~~Business Adama ~~and~~Technologies ~~Organization~~Corporation (“Adama Technologies” or the “Company”) was incorporated under the laws of the State of Delaware on September 17, 2007.

On November 23, 2016, Adama Technologies successfully ~~Corporation~~completed ~~(“Adama~~its acquisition of Alpine Industries, LLC a defense contractor that manufactures a number of parts for the United States government. With Alpine having substantial annual revenues, Adama Technologies” orunderwent a reverse merger and ceased to be a shell company at that time. The transaction has been treated as a recapitalization of the “Company”), ~~was~~with ~~incorporated~~the ~~under~~Company, Adama Technologies Corp. (the ~~laws~~legal acquirer of ~~the~~Alpine ~~State~~Industries, ofInc.) ~~Delaware~~considered onthe ~~September~~accounting 17acquiree, ~~2007~~and Alpine Industries, Inc., ~~The~~(the legal acquiree of the Company) ~~currently~~considered ~~conducts~~the noaccounting ~~active~~acquirer. All costs related to the transaction are being charged to operations ~~and~~as isincurred. ~~engaged~~The inhistorical ~~identifying~~financial ~~and~~statements ~~merging~~presented ~~with~~as aof ~~suitable~~December ~~operating~~31, ~~company.~~2015 are presented under predecessor Anentity ~~Agreement~~reporting ~~and~~wherein ~~Plan~~the ofprior ~~Merger~~historical ~~has~~information ~~been~~consists ~~signed~~solely ~~with~~of ~~Incubator~~Alpine ~~Holdings~~Industries, ~~Inc~~LLC’s balance sheet and results of operations and cash flows., aThe ~~Wyoming~~consolidated ~~corporation,~~financial ~~for~~statements ~~acquisition~~as of December 31, 2016 are presented under successor entity reporting and include the ~~Company~~balance sheets of Alpine Industries, LLC and Adama Technologies and the results of operations and cash ~~expected~~flows toof ~~close~~Alpine byIndustries, LLC for the year end ofDecember ~~June~~31, 2016. ~~See~~and ~~Note~~the 8.results ~~Subsequent~~of ~~Events~~operations and cash flows of Adama Technologies from November 23, 2016 through December 31, 2016.

The accompanying financial statements of Adama Technologies were prepared from the accounts of the Company under the accrual basis of accounting.

Cash

For purposes of reporting within the statement of cash flows, the Company considers all cash on hand, cash accounts not subject to withdrawal restrictions or penalties, and all highly liquid debt instruments purchased with an original maturity of three months or less to be cash and cash equivalents. There were no cash and cash equivalents at December 31, ~~2015~~2016 and ~~2014~~2015.

~~Loss~~Inventory ~~per~~ All ~~Share~~inventory is work in process and consists of products, materials, parts and labor and is carried at the lower of cost or market. The Company capitalizes costs on all contracts until the contract is completed. At December 31, 2016, the Company had $1,642,860 in inventory compared to $2,873,147 in December 31, 2015.

~~Basic~~Shipping ~~earnings~~and ~~per~~Handling ~~share are computed by~~Costs ~~dividing~~The ~~the~~Company ~~net~~includes ~~income~~shipping attributable to the common stockholders by the weighted average number of shares of common stock outstanding during the period. Fully diluted earnings per share is computed similar to basic earnings per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common shares had been issued and ifhandling ~~the~~costs ~~additional~~as ~~common~~part ~~shares were dilutive. Common stock equivalents were not included in the computation~~ of ~~diluted~~costs ~~loss per share in the statement~~ of ~~operations~~goods ~~due to the fact that the Company reported a net loss and to do so would be anti-dilutive for the periods presented~~sold.

Advertising and Marketing Costs
Advertising and marketing costs are expensed as incurred. The Company incurred $0 advertising or marketing costs during the years ended December 31, 2016 and 2015.

Fixed Assets
Property and equipment are recorded at cost.

Depreciation
Depreciation is provided for on the straight-line method over the estimated useful lives of the assets as follows:

F- 6

Type	Life
Building & Improvements	15 to 39 years
Equipment	5 to 10 years
Equipment Leased	7 years
Furniture & Fixture	5 to 15 years
Office Equipment	5 to 10 years
Vehicle	5 years

The accumulated depreciation as of December 31, 2016 and 2015 was $1,394,379 and $1,495,612, respectively. Depreciation expense for the year ended December 31, 2016 and 2015 was $83,043 and $97,545, respectively.

Revenue Recognition
The Company recognizes revenue from sales at the time a contract is completed. Any payment received from customers before a contract is completed is deferred and recorded as customer deposits until the contract is completed. At December 31, 2016 and 2015, we had $1,142,437 and $2,873,147 in customer deposits, respectively.

Concentration of Revenue
A significant portion of the Company’s revenue comes from government contracts. Due to that fact, the Company received 95% of its revenue from one company, LSI, a primary defense contract holder, in the year ended December 31, 2015. For the year ended December 31, 2016 that same company, LSI, represented 90% of our revenue.

Earnings Per Share

Basic net income (loss) per share is calculated pursuant to ASC Topic No. 260 whereby net income (loss) per share is divided by the weighted average number of common shares outstanding during the period. Diluted net income (loss) per share incorporates the dilutive effect of common stock equivalent options, warrants, and other convertible securities. As of December 31, 2016 and 2015, the Company had 326,363,170 and 0 potentially dilutive securities related to convertible notes, respectively.

Accounts Receivable
Currently we have had no issues in collection on accounts receivables simply because the vast majority of our revenue is the result of completed contracts with the United States government as we are a defense contractor. We have currently adopted the policy to write off receivables after they have been uncollectable for 1 year. Currently we have no receivables more than 90 days old.

Basis of Presentation and Organization
The accompanying consolidated financial statements of the Company were prepared from the accounts of the Adama Technologies and Alpine Industries, LLC under the accrual basis of accounting.

Income Taxes

Deferred tax assets and liabilities are determined based on temporary differences between the bases of certain assets and liabilities for income tax and financial reporting purposes. The deferred tax assets and liabilities are classified according to the financial statement classification of the assets and liabilities generating the differences.

The Company maintains a valuation allowance with respect to deferred tax assets. The Company establishes a valuation allowance based upon the potential likelihood of realizing the deferred tax asset and taking into consideration the Company’s financial position and results of operations for the current period. Future realization of the deferred tax benefit depends on the existence of sufficient taxable income within the carry-forward period under the federal tax laws.

F- 6

Changes in circumstances, such as the Company generating taxable income, could cause a change in judgment about ability to realize the related deferred tax asset. Any change in the valuation allowance will be included in income in the year of the change in estimate.

Fair Value of Financial Instruments

Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 820 “Fair Value Measurements and Disclosures” (ASC 820) defines fair value as 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 on the measurement date. ASC 820 also establishes a fair value hierarchy that distinguishes between (1) market participant assumptions developed based on market data obtained from independent sources (observable inputs) and (2) a reporting entity’s own assumptions about market participant assumptions developed based on the best information available in the circumstances (unobservable inputs). The fair value hierarchy consists of six broad levels, which gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The six levels of the fair value hierarchy are described below:

F- 7

levels, which gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The three levels of the fair value hierarchy are described below:

Level 1 - Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities.

Level 2 - Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, including quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; inputs other than quoted prices that are observable for the asset or liability (e.g., interest rates); and inputs that are derived principally from or corroborated by observable market data by correlation or other means.

Level 3 - Inputs that are both significant to the fair value measurement and unobservable.

The Company estimates the fair value of financial instruments using the available market information and valuation methods. Considerable judgment is required in estimating fair value. Accordingly, the estimates of fair value may not be indicative of the amounts the Company could realize in a current market exchange. As of December 31, ~~2015~~2016 and December 31, ~~2014~~2015, the carrying value of accounts payable and loans that are required to be measured at fair value, approximated fair value due to the short-term nature and maturity of these instruments.

Estimates

The ~~condensed financial statements are prepared on the basis of accounting principles generally accepted in the United States. The~~ preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities and expenses. Actual results could differ from those estimates made by management.

F- 7

Recent Accounting Pronouncements

In ~~August,~~May 2014, the Financial Accounting ~~Standards~~ Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-1509, ~~Presentation~~“Revenue offrom ~~Financial~~Contracts ~~Statements~~with –Customers ~~Going Concern~~ (~~Subtopic~~Topic ~~205-40~~606),”. ~~which~~ASU ~~now~~No. ~~requires~~2014-09 ~~management~~supersedes tothe ~~evaluate~~revenue ~~whether~~recognition ~~there~~requirements ~~are~~in ~~conditions~~“Revenue orRecognition ~~events, considered~~(Topic ~~in the aggregate~~605),” ~~that~~and ~~raise~~doubt ~~substantial~~is ~~doubt~~not ~~about~~alleviated, ~~the~~and ~~entity’s~~(6) ~~ability~~requires toan ~~continue~~assessment asfor a ~~going~~period ~~concern~~of ~~within~~ one year after the date that the financial statements are issued. ~~If conditions~~ (or ~~events~~available ~~raise substantial doubt about an entity’s ability~~ to ~~continue~~be ~~as a going concern and substantial doubt is not alleviated after consideration of management’s plans, additional disclosures are required~~issued). The amendments in this update are effective for ~~the~~ annual ~~period~~periods ~~ending~~beginning after December 15, ~~2016,~~2017 and ~~for~~ ~~annual~~interim periods ~~and~~within ~~interim~~those ~~periods~~reporting ~~thereafter~~periods. ~~Early~~Earlier ~~application~~adoption is permitted. ~~These~~This ~~requirements~~ASU ~~were~~is ~~previously~~not ~~included~~anticipated ~~within~~to ~~auditing~~have ~~standards~~a ~~and~~material ~~federal~~impact ~~securities~~on ~~law,~~the ~~but~~Company’s ~~are~~financial ~~now~~statements ~~included~~and ~~within~~notes ~~U.S.~~to ~~GAAP.~~the Wefinancial ~~are~~statements. ~~currently~~The ~~assessing~~Company ~~the~~is ~~impact~~evaluating on the ~~adoption~~effects of ~~ASU and do not believe~~ the adoption ~~will~~of ~~have~~this ~~significant~~ASU ~~impact~~to onits ~~our~~consolidated financial statements ~~and disclosures~~.

WeIn ~~have~~January ~~evaluated~~2016, the ~~other~~FASB ~~recent~~issued ~~accounting~~ASU 2016-01, ~~pronouncements~~Recognition ~~through~~and ~~ASU~~Measurement ~~2015-08~~of Financial Assets and ~~believe~~Financial ~~that~~Liabilities, ~~none~~which provides guidance for the recognition, measurement, presentation, and disclosure of ~~them~~financial assets and liabilities. This ASU will ~~have~~be aeffective ~~material~~for ~~effect~~the onCompany ~~our~~beginning in the first quarter of fiscal year 2019. The Company is evaluating the effects of the adoption of this ASU to its consolidated financial statements.

In February 2016, the FASB issued Accounting Standards Update (“ASU”) 2016-02, “Leases (Topic 842)”. Under this guidance, an entity is required to recognize right-of-use assets and lease liabilities on its balance sheet and disclose key information about leasing arrangements. This guidance offers specific accounting guidance for a lessee, a lessor and sale and leaseback transactions. Lessees and lessors are required to disclose qualitative and quantitative information about leasing arrangements to enable a user of the financial statements to assess the amount, timing and uncertainty of cash flows arising from leases. This guidance is effective for annual reporting periods beginning after December 15, 2018, including interim periods within that reporting period, and requires a modified retrospective adoption, with early adoption permitted. The Company is currently evaluating the impact that this standard will have on our consolidated financial statements.

In May 2017, the FASB issued guidance to clarify when to account for a change to the terms or conditions of a share-based payment award as a modification. Under the new guidance, modification accounting is required only if the fair value, the vesting conditions, or the classification of the award (as equity or liability) changes as a result of the change in terms or conditions. The guidance is effective prospectively for all companies for annual periods and interim periods within those annual periods, beginning on or after December 15, 2017. The Company is currently evaluating the impact that this standard will have on our consolidated financial statements.

In October 2016, the FASB issued new guidance that requires a reporting entity to recognize the tax expense from intra-entity asset transfers of assets other than inventory in the selling entity’s tax jurisdiction when the transfer occurs, even though the pre-tax effects of that transaction are eliminated in consolidation. Any deferred tax asset that arises in the buying entity’s jurisdiction would also be recognized at the time of the transfer. The Company is currently evaluating the impact that this standard will have on our consolidated financial statements.

Note 2 Going Concern

The accompanying ~~unaudited~~consolidated ~~condensed~~ financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America, which contemplate continuation of the Company as a going concern. The Company has ~~not~~generated ~~established any source of revenue to cover its operating costs~~revenues, and as such, has incurred an operating loss since inception. Further, as of December 31, 2015, the cash resources of the Company were insufficient to meet its current business plan. These and other factors raise substantial doubt about the Company’s ability to continue as a going concern. The accompanying financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the possible inability of the Company to continue as a going concern. As of December 31, 2015, the Company has no cash and an accumulated deficit of $18,949,683.

Note 3 Convertible Notes Payable

On November 18, 2011, the Company signed a $30,000 convertible promissory note with a third party. The note bears interest at 8% per annum and was due on August 18, 2012. The note has conversion rights that allow the holder of the note to convert after 180 days all or any part of the remaining principal balance into the Company’s common stock at a price equal to 58% of the average of the lowest six trading prices for the Common Stock during the most recent ten-day period. The conversion feature was determined to exist and was recorded at the time of issue as a derivative liability, but has been fully amortized in prior periods. This note is in default. According to the terms of the note upon default the balance due is 150% of the unpaid principal balance. In addition, from the date of default the notes bear interest at 22% per annum. The investor may in its sole discretion convert the default amount into equity. The balance outstanding on this note at December 31, 2015 was $45,000. The holder has agreed as of May 2, 2016 to accept a lump sum in full payment of this Note. See Note 8. Subsequent Events.

F- 8

~~On April 27~~however, ~~2012,~~ the Company ~~signed~~has a ~~$32,500~~ ~~convertible~~negative ~~promissory~~working capital ~~note~~deficit ~~with~~of ~~a third party~~$5,173,883. ~~The~~This ~~note bears interest at 8% per annum~~ and ~~was~~other ~~due~~factors onraise ~~January~~substantial ~~27,~~doubt ~~2013. The~~about ~~note has conversion rights that allow~~ the ~~holder of the note to convert after 180 days all or any part of the remaining principal balance into the~~ Company’s ~~common~~ability ~~stock at a price equal~~ to ~~58%~~continue ~~of the average of the lowest six trading prices for the Common~~as ~~Stock~~a ~~during~~going ~~the most recent ten day period~~concern. The ~~conversion~~accompanying ~~feature~~financial ~~was~~statements ~~determined~~do tonot ~~exist~~include ~~and~~any ~~was~~adjustments ~~recorded~~to atreflect the ~~time~~possible offuture ~~issue as~~effects ~~derivative liability, but has been fully amortized in prior periods. This note is in default. According to the terms of the~~on ~~note upon default~~ the ~~balance~~recoverability ~~due~~and isclassification ~~150%~~ of ~~the~~assets ~~unpaid~~or ~~principal~~the ~~balance.~~amounts Inand ~~addition,~~classification ~~from the date~~ of ~~default~~liabilities ~~the~~that ~~notes bear interest at 22% per annum. The investor~~ may inresult ~~its~~from ~~sole discretion convert~~ the ~~default amount into equity. The balance outstanding~~possible oninability ~~this note at December 31, 2015 was $48,750. The holder has agreed as~~ of ~~May~~the 2,Company ~~2016~~ to ~~accept~~continue as a ~~lump~~going ~~sum in full payment of this Note~~concern. ~~See Note 8. Subsequent Events.~~

OnNote ~~October~~3 ~~15,~~Convertible ~~2013,~~Notes the Company converted $30,000 of payables into a convertible promissory note with a third party. The note bears interest at 8% per annum and was due on October 15, 2014. The note has conversion rights that allow the holder of the note at any time to convert all or any part of the remaining principal balance into the Company’s common stock at a fixed price of $0.0015. A loss on extinguishment of debt of $50,000 was determined to exist and was recorded at the time of issue and is credited to a debt premium on the balance sheet. $50,000 has been accreted to other income as of December 31, 2015. This note is in default.Payable

On ~~January~~November 1518, ~~2014~~ 2011, the Company ~~converted~~ signed a $30,000 ~~of payables into a~~ convertible promissory note with a third party. The note bears interest at 8% per annum and was due on ~~January~~August 1518, ~~2015~~2012. The note has conversion rights that allow the holder of the note atto ~~any~~convert ~~time~~after to180 ~~convert~~days all or any part of the remaining principal balance into the Company’s common stock at a ~~fixed~~ price ofequal ~~$0.0015.~~to A58% ~~loss~~of onthe ~~extinguishment~~average of the lowest ~~debt~~six oftrading ~~$2,000~~prices for the Common Stock during the most recent ten-day period. The conversion feature was determined to exist and was recorded at the time of issue ~~and~~as a derivative liability, but has been fully amortized in prior periods. This note is ~~credited~~in default. According to athe ~~debt~~terms ~~premium~~of onthe note upon default the balance ~~sheet~~due is 150% of the unpaid principal balance. In addition, from the $2date of default the notes bear interest at 22% per annum. The investor may in its sole discretion convert the default amount into equity. During 2016, the Company issued 8,000,000 ~~has~~shares ~~been~~of ~~accreted~~common stock to ~~other~~convert ~~income~~$200,000 asof the outstanding balance of this note. The total balance outstanding on this note at December 31, ~~2015.~~2016 ~~This~~was ~~note~~$273,650, iswhich inincluded ~~default~~$243,650 of accrued interest and penalties.

OnIn ~~March~~April 1527, ~~2014~~2012, the Company ~~converted~~signed a $3032,~~000~~500 ~~of payables into a~~ convertible promissory note with a third party. The note bears interest at 8% per annum and was due on ~~March~~January 1527, ~~2015~~2013. The note has conversion rights that allow the holder of the note atto ~~any~~convert ~~time~~after to180 ~~convert~~days all or any part of the remaining principal balance into the Company’s common stock at a ~~fixed~~ price ofequal ~~$0.0015.~~to A58% ~~loss~~of onthe ~~extinguishment~~average of ~~debt~~the lowest six trading prices for the Common ofStock ~~$50,000~~during the most recent ten-day period. The conversion feature was determined to exist and was recorded at the time of issue as ~~and~~derivative liability, but has been fully amortized in prior periods. This note is ~~credited~~in default. According to athe ~~debt~~terms ~~premium~~of onthe note upon default the balance ~~sheet~~due is 150% of the unpaid principal balance. In addition, from the date of default the notes bear ~~$50~~interest at 22% per annum. The investor may in its sole discretion convert the default amount into equity. During 2016, the Company issued 8,500,000 ~~has~~shares ~~been~~of ~~accreted~~common ostock ~~other~~to ~~income~~convert as$212,500 of the outstanding balance on this note. The total balance outstanding on this note at December 31, ~~2015.~~2016 ~~This~~was ~~note~~$300,544, iswhich inincluded ~~default~~$268,544 of accrued interest and penalties.

On ~~March~~October 15, ~~2014~~2013, the Company converted $30,000 of payables into a convertible promissory note with a third party. The note bears interest at 8% per annum and was due on ~~March~~October 15, ~~2015~~2014. The note has conversion rights that allow the holder of the note at any time to convert all or any part of ~~the~~ the remaining principal balance into the Company’s common stock at a fixed price of $0.0015. AThis ~~loss~~note onis ~~extinguishment~~in ofdefault ~~debt of $50,000 was determined to exist~~ and ~~was recorded at~~ the ~~time~~total ~~of issue and is credited to a debt premium on the~~ balance ~~sheet. $50,000~~outstanding ~~has been accreted to other income~~ as of December 31, ~~2015~~2016 was $53,939.

On ~~June~~January 15, 2014, the Company converted $30,000 of payables into a convertible promissory note with a third party. The note bears interest at 8% per annum and was due on ~~June~~January 15, 2015. The note has conversion rights that allow the holder of the note at any time to convert all or any part of ~~the~~ the remaining principal balance into the Company’s common stock at a fixed price of $0.0015. AThis ~~loss~~note onis ~~extinguishment~~in ofdefault ~~debt of $12,000 was determined to exist~~ and ~~was recorded at~~ the ~~time~~total ~~of issue and is credited to a debt premium on the~~ balance ~~sheet. $12,000~~outstanding ~~has been accreted to other income~~ as of December 31, ~~2015~~2016 was $51,078.

On ~~July~~March 115, 2014, the Company converted $6030,000 of ~~amounts~~payables ~~due to officers~~ into a convertible promissory note with a third party. The note bears interest at 8% per annum and was due on ~~July~~March 3115, 2015. The note has conversion rights that allow the holder of the note ~~after~~at ~~six~~any ~~months~~time to convert all or any part of the remaining principal balance into the Company’s common stock at a fixed price of $0.0015. AThis ~~loss~~note onis ~~extinguishment of~~in ~~debt~~default ~~of $104,000 was determined to exist~~ and ~~was recorded at~~ the total ~~time of issue and is credited to a debt premium on the~~ balance ~~sheet.~~ ~~$104,000~~outstanding ~~has been accreted to other income~~ as of December 31, ~~2015.This~~2016 ~~note~~was ~~is in default~~$49,225.

On March 15, 2014, the Company converted $30,000 of payables into a convertible promissory note with a third party. The note bears interest at 8% per annum and was due on March 15, 2015. The note has conversion rights that allow the holder of the note at any time to convert all or any part of the remaining principal balance into the Company’s common stock at a fixed price of $0.0015. This note is in default and the total balance outstanding as of December 31, 2016 was $49,225.

On June 15, 2014, the Company converted $30,000 of payables into a convertible promissory note with a third party. The note bears interest at 8% per annum and was due on June 15, 2015. The note has conversion rights that allow the holder of the note at any time to convert all or any part of the remaining principal balance into the Company’s common stock at a fixed price of $0.0015. This note is in default and the total balance outstanding as of December 31, 2016 was $46,642.

On July 1, 2014, the Company converted $60,000 of amounts due to officers into a convertible promissory note with a third party. The note bears interest at 8% per annum and was due on July 31, 2015. The note has conversion rights that allow the holder of the note after six months to convert all or any part of the remaining principal balance into the Company’s common stock at a fixed price of $0.0015. This note is in default and the total balance outstanding as of December 31, 2016 was $93,285.

On September 15, 2014, the Company converted $30,000 of payables into a convertible promissory note with a third party. The note bears interest at 8% per annum and was due on September 15, 2015. The note has conversion rights that allow the holder of the note at any time to convert all or any part of the remaining principal balance into the Company’s common stock at a fixed price of $0.0015. This note is in default and the total balance outstanding as of December 31, 2016 was $44,168.

On December 15, 2014, the Company converted $30,000 of payables into a convertible promissory note with a third party. The note bears interest at 8% per annum and was due on December 15, 2015. The note has conversion rights that allow the holder of the note at any time to convert all or any part of the remaining principal balance into the Company’s common stock at a fixed price of $0.0015. This note is in default and the total balance outstanding as of December 31, 2016 was $41,826.

F- 9

~~Note~~On 3March ~~Convertible~~15, ~~Notes~~2015, ~~Payable~~the ~~(continued)~~Company converted $30,000 of payables into a convertible promissory note with a third party. The note bears interest at 8% per annum and was due on March 15, 2016. The note has conversion rights that allow the holder of the note at any time to convert all or any part of the remaining principal balance into the Company’s common stock at a fixed price of $0.0015. This note is in default and the total balance outstanding as of December 31, 2016 was $39,607.

On ~~September~~April 151, ~~2014~~2015, the Company converted $3052,~~000~~500 of ~~payables~~compensation owed into a convertible promissory note with a third party. The note bears interest at 8% per annum and was due on ~~September~~March 1531, ~~2015~~2016. The note has conversion rights that allow the holder of the note at any time to convert all or any part of the remaining principal balance into the Company’s common stock at a fixed price of $0.0015. AThis ~~loss~~note onis ~~extinguishment of~~in ~~debt~~default ~~of $42,000 was determined to exist~~ and ~~was recorded at~~ the ~~time~~total ~~of issue and is credited to a debt premium on the~~ balance ~~sheet.~~ ~~$42,000~~outstanding ~~has been accreted to other income~~ as of December 31, ~~2015.~~2016 ~~This~~was ~~note is in default~~$69,312.

On ~~December~~April 151, ~~2014~~2015, the Company converted $30,000 of ~~payables~~compensation owed into a convertible promissory note with a third party. The note bears interest at 8% per annum and was due on ~~December~~March 1531, ~~2015~~2016. The note has conversion rights that allow the holder of the note at any time to convert all or any part of of the remaining principal balance into the Company’s common stock at a fixed price of $0.0015. AThis ~~loss~~note onis ~~extinguishment~~in ~~of debt~~default ~~of $42,000 was determined to exist~~ and ~~was recorded at~~ the ~~time~~total ~~of issue and is credited to a debt premium on the~~ balance ~~sheet.~~ ~~$42,000~~outstanding ~~has been accreted to other income~~ as of December 31, ~~2015.~~2016 ~~This~~was ~~note is in default~~$39,607.

On ~~March~~June 15, 2015, the Company converted $30,000 of payables into a convertible promissory note with a third party. The note bears interest at 8% per annum and was due on ~~March~~June 15, 2016. The note has conversion rights that allow the holder of the note at any time to convert all or any part of the remaining principal balance into the Company’s common stock at a fixed price of $0.0015. AThis ~~loss~~note onis ~~extinguishment~~in ofdefault ~~debt of $50,000 was determined to exist~~ and ~~was recorded at~~ the total ~~time of issue and is credited to a debt premium on the~~ balance ~~sheet. $39,863~~outstanding ~~has been accreted to other income~~ as of December 31, ~~2015~~2016 was $37,506.

On ~~April~~September 115, 2015, the Company converted $5230,~~500~~000 of ~~compensation~~payables ~~owed~~ into a convertible promissory note with a third party. The note bears interest at 8% per annum and was due on ~~March~~September 3115, 2016. The note has conversion rights that allow the holder of the note at any time to convert all or any part of the remaining principal balance into the Company’s common stock at a fixed price of $0.0015. AThis ~~loss~~note onis ~~extinguishment of~~in ~~debt~~default ~~of $87,500 was determined to exist~~ and ~~was recorded at~~ the ~~time~~total ~~of issue and is credited to a debt premium on the~~ balance ~~sheet.~~ ~~$65,685~~outstanding ~~has been accreted to other income~~ as of December 31, ~~2015~~2016 was $35,517.

On ~~April~~December 115, 2015, the Company converted $30,000 of ~~compensation~~payables ~~owed~~ into a convertible promissory note with a third party. The note bears interest at 8% per annum and was due on ~~March~~December 3115, 2016. The note has conversion rights that allow the holder of the note at any time to convert all or any part of of the remaining principal balance into the Company’s common stock at a fixed price of $0.0015. AThis ~~loss~~note onis ~~extinguishment of~~in ~~debt~~default ~~of $50,000 was determined to exist~~ and ~~was recorded at~~ the ~~time~~total ~~of issue and is credited to a debt premium on the~~ balance ~~sheet.~~ ~~$37,534~~outstanding ~~has been accreted to other income~~ as of December 31, ~~2015~~2016 was $33,633.

On October ~~June 15~~7, ~~2015~~2016, the Company ~~converted $30,000~~entered ofin ~~payables~~convertible ~~into~~note agreement with a ~~convertible~~private ~~promissory~~and ~~note~~accredited ~~with~~investor, aVincent ~~third~~& ~~party.~~Rees, LC, ~~The~~in ~~note~~the ~~bears~~amount of $74,000, unsecured, accruing interest at 8a 12% ~~per~~interest ~~annum~~rate, with principal and ~~was~~interest amounts due and payable upon maturity on ~~June~~October 157, ~~2016~~2017. ~~The~~After six months, the note holder has ~~conversion~~the ~~rights~~option ~~that~~to ~~allow~~convert ~~the~~any ~~holder~~portion of the ~~note~~unpaid principal balance into the Company’s common shares at any time at a 40% discount to ~~convert~~the ~~all~~current ormarket ~~any~~value. ~~part~~The ofCompany has determined that the conversion feature in this note is is considered to be a derivative. The Company calculated the fair value ~~remaining~~of ~~principal~~this ~~balance~~conversion ~~into~~feature using the ~~Company’s~~Black-Scholes ~~common~~model ~~stock~~and atthe afollowing ~~fixed~~assumptions: ~~price~~Risk-free interest rates of $1.21%; Dividend rate of 0%; and, historical volatility rate of 435.~~0015~~56%. A ~~loss~~debt ondiscount ~~extinguishment~~amount of ~~debt of~~ $5074,000 was ~~determined~~recorded toupon ~~exist~~issuance of the note and ~~was~~as ~~recorded~~of atDecember 31, 2016, the ~~time~~carrying amount of ~~issue~~the ~~and~~convertible note is ~~credited~~$17,233, tothe aunamortized ~~debt~~discount ~~premium~~ on the ~~balance~~note ~~sheet.~~is $56,767 and accrued interest is $272,~~260~~096. ~~has~~Interest ~~been~~expense ~~accreted~~of to$8,641 ~~other~~was ~~income~~recorded ason ofthe ~~December~~note ~~31,~~since ~~2015~~the date of the merger.

On November ~~September 15~~14, ~~2015~~2016, the Company ~~converted $30,000~~entered ofin ~~payables~~convertible ~~into~~note agreement with a ~~convertible~~private ~~promissory~~and ~~note~~accredited ~~with~~investor, aChienn ~~third~~Consulting, LLC, ~~party.~~in ~~The~~the ~~note~~amount ~~bears~~of $35,000, unsecured, accruing interest at 8a 12% ~~per~~interest ~~annum~~rate, with principal and ~~was~~interest amounts due and payable upon maturity on ~~September~~November 1514, ~~2016~~2017. ~~The~~After six months, the note holder has ~~conversion~~the ~~rights~~option ~~that~~to ~~allow~~convert ~~the~~any ~~holder~~portion of the ~~note~~unpaid principal balance into the Company’s common shares at any time at a 40% discount to ~~convert~~the ~~all~~current ormarket ~~any~~value. ~~part~~The Company ofhas determined that the ~~remaining~~conversion ~~principal~~feature ~~balance~~in ~~into~~this ~~the~~note ~~Company’s~~is ~~common~~is ~~stock~~considered atto be a ~~fixed~~derivative. ~~price~~The Company calculated the fair value of ~~$0.0015.~~this Aconversion ~~loss~~feature onusing ~~extinguishment~~the Black-Scholes model and the following assumptions: Risk-free interest rates of 1.21%; Dividend rate of 0%; and, historical volatility rate of 435.56%. A debt discount amount of $~~170~~35,000 was ~~determined~~recorded toupon ~~exist~~issuance of the note and ~~was~~as ~~recorded~~of atDecember 31, 2016, the ~~time~~carrying amount of ~~issue~~the ~~and~~convertible note is ~~credited~~$4,507, tothe aunamortized ~~debt~~discount ~~premium~~ on the ~~balance~~note is $30,493 ~~sheet~~and accrued interest is $529. Interest expense of $494,~~836~~058 ~~has~~was ~~been~~recorded ~~accreted~~on tothe ~~other~~note ~~income~~since asthe date of ~~December~~the ~~31, 2015~~merger.

On December 19, 2016, the Company entered in convertible note agreement with a private and accredited investor, Vertex Systems, Inc., in the amount of $535,000, unsecured, accruing interest at a 12% interest rate, with principal and interest amounts due and payable upon maturity on December 19, 2017. After six months, the note holder has the option to convert any portion of the unpaid principal balance into the Company’s common shares at any time at a 40% discount to the current market value. The Company has determined that the conversion feature in this note is considered to be a derivative. The Company calculated the fair value of this conversion feature using the Black-Scholes model and the following assumptions: Risk-free interest rates of 1.21%; Dividend rate of 0%; and, historical volatility rate of 435.56%. A debt discount amount of $535,000 was recorded upon issuance of the note and as of December 31, 2016, the carrying amount of the convertible note is $55,699, the unamortized discount on the note is $479,301 and accrued interest is $2,287. Interest expense of $57,986 was recorded on the note since the date of the merger.

As of December 31, 2016, and 2015, the principle balance of convertible notes payable was $643,689 and $0, respectively. The accrued interest balance as of December 31, 2016 and 2015 was $697,486 and $0, respectively, and is recorded in accounts payable & accrued liabilities on the balance sheet.

F- 10

~~Note~~For 3the ~~Convertible~~twelve ~~Notes~~months ~~Payable~~ended ~~(continued)~~December 31, 2016 the Company has recognized $114,461 of interest expense related to the convertible notes payable, which includes accretion of the debt discount of $67,047.

OnNote ~~December~~4 ~~15,~~Notes 2015, the Company converted $30,000 of payables into a convertible promissory note with a third party. The note bears interest at 8% per annum and was due on December 15, 2016. The note has conversion rights that allow the holder of the note at any time to convert all or any part of the remaining principal balance into the Company’s common stock at a fixed price of $0.0015. A loss on extinguishment of debt of $90,000 was determined to exist and was recorded at the time of issue and is credited to a debt premium on the balance sheet. $3,945 has been accreted to other income as of December 31, 2015.Payable

As of December 31, 2015 and December 31, 2014, the balance of convertible notes payable was $566,250 and $363,750.

		2016	2015
Mark Bergson	$	25,000	—
Lower Foods		348,259	—
Bank of Utah		—	280,102
	$	373,2595	280,102

~~For~~The ~~the~~following ~~year~~table ~~ended~~discloses ~~December~~the 31terms, ~~2015~~interest ~~and 2014~~rate, ~~the Company has recognized $60,473~~ and balance ~~$49,978~~of inthese ~~interest expense, respectively.~~notes:

Note 4 Derivative Liabilities

Lender	Principal Balance	Interest Rate	Loan Origination	Maturity Date	Collateral
Mark Bergson (1)	$25,000	25.00%	May 12, 2016	May 26, 2016 (in default)	None
Lower Foods (2)	$350,000	6.00%	April 21,2016	April 21,2017 (in default)	Income on AR
Bank of Utah	$900,000	6.25%	June 25, 2008	July 1, 2018 (paid off March 2016)	Real Estate

The Company has various convertible instruments outstanding more fully described in Note 3.

	(1)	As of December 31, 2016 and 2015, the note payable with Mark Bergson has a total balance outstanding of $52,550 and $0, respectively. These amounts include accrued interest and penalties of $27,550 and $0 as of December 31, 2016 and 2015, respectively, and are recorded in accounts payable and accrued liabilities on the balance sheet.

	(2)	As of December 31, 2016 and 2015, the note payable with Lower Foods has a total balance outstanding of $357,815 and $0, respectively. These amounts include accrued interest of $9,556 and $0 as of December 31, 2016 and 2015, respectively, and are recorded in accounts payable and accrued liabilities on the balance sheet.

AsNote of5 ~~December~~Related ~~31,~~Party ~~2015, the fair value of the Company’s derivative liabilities was $146,227.~~Loans

During the years ending December 31, 2016 and 2015, the Company had related party loans of $316,746 and $205,930, respectively, The ~~following~~loans ~~table~~are ~~summarizes~~non-interest bearing and were to pay for the ~~derivative~~day-to-day ~~liabilities~~operations ~~included~~of the Company. Imputed interest was calculated using a rate of 7.5% and $19,917 and $0 was inrecorded for the ~~balance~~years ~~sheet:~~ending December 31, 2016 and 2015, respectively.

	Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
		2016		2015
Derivative Liabilities:
Wyn Ward	$	20,000		10,000
Balance at December 31, 2014	$	171,560
Erik Durrant		92,446		2,630
Additions		-
Kent Durrant		196,000		185,000
Change in fair value		(25,333	)
Lori Durrant		8,300		8,300
Deletions		-
	$	316,746		205,930
Balance at December 31, 2015	$	146,227

The ~~fair~~following ~~values~~table ofdiscloses ~~derivative~~the ~~instruments~~terms, ~~were~~interest ~~estimated~~rate, ~~using~~and ~~the~~balance ~~Black~~of ~~Scholes valuation model based on~~ the ~~following~~related ~~weighted-average~~party ~~assumptions~~loans:

	Convertible Debt Instruments
Lender	Principal Balance		Interest Rate	Loan Origination	Maturity Date	Collateral
Risk-free rate		0.24	%
Wyn Ward (Loan 1)	$10,000		0.00%	April 1, 2015	Paid off April 2015	None
Expected volatility		97.41	%
Wyn Ward (Loan 2)	$10,000		0.00%	October 31, 2015	June 1, 2017	None
Expected life		0.25 year
Wyn Ward (Loan 3)	$10,000		0.00%	February 29, 2016	June 1, 2017	None
Erik Durrant	$92,446		0.00%	March 30, 2015	June 1, 2017	None
Kent Durrant	$196,000		0.00%	July 1, 2016	June 1, 2017	None
Lori Durrant	$8,300		0.00%	April 23, 2011	June 1, 2017	Laser Printer

~~Note~~Each 5of ~~Preferred~~the ~~Stock~~above notes except for the Wyn Ward Loan #1 is currently in default as indicated above.

~~The~~Note ~~Company~~6 ~~issued~~Line ~~no common stock during the year ended December 31, 2015. Details~~ of prior stock issues are listed in the Company’s annual report for the year ended December 31, 2014. On March 25, 2014, an unrelated party, purchased 1,000,000 shares of voting preferred stock for $7,500. The preferred shares has voting power equal to 51 percent of the total combined voting power of all classes of stock entitled to vote on any matter. The issuance of the shares was approved by the Board of Directors. The shares have since been sold and conveyed and are now held by International Ambitions, LLC.Credit

F- 11

~~Note~~The 6following ~~Income~~table ~~Taxes~~discloses the terms, interest rate, and balance of the Company’s Line of Credit:

The provision (benefit) for income taxes for the years ended December 31, 2015 and 2014 was as follows (assuming a 23% effective tax rate):

Lender

Principal Balance

Interest Rate

Loan Origination

Maturity Date

Balance as of Dec. 31, 2016

Balance as of Dec. 31, 2015

Monthly Payment

Chase Bank Line of Credit

$149,532

Prime Rate plus 3.50%

August 1, 2014

August 1,
2021

$99,688

$121,049

$1,780

	2015			2014
Current Tax Provision:
Federal-
Net income	$	—		$	—
Non-deductible expenses		—			—
Taxable income		—			—
Net operating loss carryforward		—			—
Total current tax provision	$	—		$	—
Deferred Tax Provision:
Federal-
Deferred tax benefit on current loss	$	134,101		$	74,895
Non-deductible expenses		-			-
Change in valuation allowance		(134,101	)		(74,895	)
Total deferred tax provision	$	—		$	—

Line of Credit Collateral is as follows:

~~The~~ This ~~Company~~line ~~had~~of ~~deferred~~credit ~~income~~is ~~tax~~secured ~~assets~~by asall ofaccounts, ~~December~~chattel 31paper, ~~2015~~ ~~and 2013~~equipment, asgeneral ~~follows:~~intangibles and inventory

	2015			2014
Loss carryforwards	$	1,308,598		$	1,174,497
Less - Valuation allowance		(1,308,598	)		(1,174,497	)
Total net deferred tax assets	$	—		$	—

The future minimum line of credit payments required are as follows:

The Company provided a valuation allowance equal to the deferred income tax assets for the period ended December 31, 2015 and 2014, because it is not presently known whether future taxable income will be sufficient to utilize the loss carryforwards.

Year ending December 31,		Amount
2017	$	22,307
2018	$	23,063
2019	$	24,094
2020	$	25,406
2021	$	4,818
Total minimum payments required	$	99,688

AsNote of7 ~~December 31, 2015, the Company had approximately $4,690,587 in tax loss carryforwards that can be utilized in future periods to reduce taxable income, and expire by the year 2032.~~Leases

~~The~~Capital ~~Company did not identify any material uncertain tax positions. The Company did not recognize any interest or penalties for unrecognized tax benefits.~~Leases

The Company has ~~filed~~two ~~income~~separate ~~tax~~equipment leases ~~returns~~with a total balance of $487,750 and accumulated amortization of $221,934 and $152,256 included in property and equipment on the ~~United~~balance ~~States~~sheet as of December 31, 2016 and 2015, respectively. ~~All~~ ~~tax~~For the years ~~are~~ended ~~closed~~December by31, ~~expiration~~2016 ofand ~~the~~2015, ~~statute~~amortization expense ofwas ~~limitations~~$69,678 and $69,678, respectively.

The following table itemizes and details the Company’s current lease obligations:

	Lessor	Purpose of Lease	Date of Agreement	Length of Lease	Monthly Payment
1	M2 LEASING	MACHINE LEASE	9/20/2012	10/30/2017	$2,609
2	US BANK FINANCE	MACHINE LEASE	6/4/2014	6/4/2020	$5,012

The future minimum capital lease payments are as follows:

Year ending December 31,		Amount
2017	$	83,637
2018	$	53,162
2019	$	55,827
2020	$	48,357
Total minimum payments required	$	240,983

Operating Leases

The Company’s facilities located in Richmond, Utah that are utilized for manufacturing are leased and the monthly payment for that lease is $5,879 per month.

	Lessor		Purpose of Lease		Date of Agreement		Length of Lease		Monthly Payment
1	Lowers Foods		Building/Facility		4/21/2016		36 Months		$5,879

F- 12

~~Note~~The 7future ~~Pending~~minimum ~~Litigation~~lease payments required are as follows:

On October 25, 2012, JS Barkats PLLC filed a breach of contract action against the Company and a former officer, Aviram Malik in the Supreme Court of New York, for breach of contract relating to a funding transaction in June 2012. The Complaint, which was apparently served on former management but was never answered or otherwise responded to by former management and which was never disclosed in our prior periodic filings, sought to recover $45,395 in a cash finders’ fee allegedly due plus 2.5 percent of our issued and outstanding common stock as of the date the fee was earned, plus forfeiture of all of the common stock, warrants and options owned by Aviram Malik, individually. As a result of the failure to respond to the action by prior management, the Company is in default in this action and plaintiff is seeking entry of a default judgment. On June 5, 2015, the Court entered a default judgment against the Company in the amount of $170,000 plus 2.5 percent of the outstanding common stock plus attorneys’ fees of $11,250. The Company has recorded the amount of $248,490, as compensation for the quarter ended June 30, 2015 and has reserved 8,221,280 common shares (2.5 percent of the fully diluted common shares outstanding) for issuance under this judgment. The Company currently has no assets available to satisfy the judgment amount, which is reported on the financial statements as an unsecured liability.

Year ending December 31,		Amount
2017	$	70,548
2018	$	70,548
2019	$	23,516
Total minimum payments required	$	164,612

~~There~~Note ~~are~~8 noDerivative other known 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 has no property so no property of the Company is the subject of any other pending legal proceedings.Liabilities

~~Note~~The 8Company ~~Agreement~~has ~~and~~various ~~Plan~~convertible instruments outstanding more fully described in Note 3, some of ~~Merger~~which ~~and~~contain ~~Acquisition~~derivative ~~with~~features. ~~Incubator~~As ~~Holdings~~of December 31, ~~Inc~~2016, the fair value of the Company’ s derivative liabilities was $2,747,122.

OnThe ~~September~~following ~~10,~~table ~~2015,~~summarizes the ~~Company entered~~derivative into an Agreement and Plan of Merger and Acquisition with Incubator Holdings, Inc., a Wyoming corporation (the “Agreement”). Under the terms of that Agreement, Incubator Holdings formed an acquisition subsidiary, ADAC Acquisition Corp. in Florida; Incubator Holdings, Inc. (Wyoming) merged with that Florida subsidiary, which was the surviving entity and changed its corporate name to Incubator Holdings, Inc.; the Company will be acquired by Incubator Holdings, Inc.; the common shareholders of the Company will receive common shares of Incubator Holdings on the basis of 1 share of Incubator for each 250 shares of the Company held, the preferred shareholder of the Company will receive one preferred share of Incubator Holdings for each share of Series A Preferred Stock of the Company outstanding, and Incubator Holdings will assume the obligations of the Company as an SEC reporting entity. Incubator also obtained a new CUSIP number for the common shares and requested a new trading symbol. The Company will become a private subsidiary of Incubator Holdings, and will retain all of its existing debts and liabilities ~~except~~included ~~for $352,500~~ in ~~specific debt that will be assumed by Incubator Holdings under~~ the ~~Agreement.~~balance The existing common shareholders of the Company will receive a total of ten percent of the resulting outstanding common stock of Incubator Holdings and the existing common shareholders of Incubator Holdings will retain 90 percent of the common stock after the acquisition.sheet:

Following the acquisition, the capital structure of the resulting entity, operating under the corporate name Incubator Holdings, Inc., will be as follows:

		Fair Value
		Measurements
		Using Significant
		Unobservable
		Inputs (Level 3)
Derivative Liabilities:
Balance at December 31, 2015	$	—
Derivative balances assumed in merger		3,930,629
Additions		2,621,096
Change in fair value		(3,804,603	)
Balance at December 31, 2016	$	2,747,122

Pre-reverse common shares issued at 12-31-2015	328,851,197
Shares issuable to JS Barkats (2.5% of outstanding)	8,221,280
Fully diluted ADAC common shares	337,072,477
250/1 reverse split of common shares	1,348,290	10	%
Common shares of Incubator shareholders	12,134,610	90	%
Total post-transaction shares	13,482,900	100	%

The fair values of derivative instruments were estimated using the Black Scholes valuation model based on the following weighted-average assumptions:

The Agreement was submitted to the ADAC shareholders and approved by vote of the preferred shares (representing 51 percent of the total vote), and then reported to the common shareholders on the Schedule 14C Information Statement filed with the SEC on December 18, 2015, mailed to the common shareholders on that date, and effective 20 days later, on January 7, 2016. The Agreement and transaction were subject to satisfaction of certain stated conditions to closing, including effectiveness of the Schedule 14C, the Financial Industry Regulatory Association (FINRA) approval of the corporate name change, symbol change and reverse split, and our remaining current on our required SEC filings. The 10-Q for the quarter ended June 30, 2015 was not filed until October 13, 2015 and the 10-Q for December 31, 2015 was filed on November 4, 2015. The Preliminary Schedule 14C was then filed November 6, 2015, after the October 15, 2015 outside closing date in the Agreement; however, the Agreement also provides that, after October 15, 2015 if the transaction had not closed, any party could then terminate the Agreement by notice to the other parties, except that no party which was in default of a closing requirement, in breach of the agreement, could elect unilaterally to terminate the Agreement. The Company was in breach of the Agreement at October 15, 2015 but there has been no notice by any party to terminate the Agreement at any time after October 15, and the parties expressly retained the power to extend the closing date in the Agreement.

	Convertible Debt
	Instruments
Risk-free rate	1.21	%
Expected volatility	435.56	%
Expected life	1 year

~~The~~Note ~~Company,~~9 byStockholders ~~Board~~‘ ~~resolutions,~~Deficit approved the extension of the closing date on October 15, 2015 (to January 31, 2016) and then approved an extension again on January 31 to a date 10 days after FINRA approval of the reverse split and corporate name change.

The total common shares outstanding as of December 31, 2016 was 114,815,781 and total preferred shares outstanding as of December 31, 2016 was 500,000,000.

The preferred shares have voting power equal to 51 percent of the total combined voting power of all classes of stock entitled to vote on any matter. These shares do not hold any liquidation, dividend or conversion rights.

In the year ended December 31, 2016, the Company issued 16,500,000 shares of common stock to convert $412,500 in outstanding convertible notes.

Note 10 Income Taxes

F- 13

~~Note~~The 9reconciliation ~~Subsequent~~of ~~Events~~the provision (benefit) for income tax expense for the years ended December 31, 2016 and 2015 with the expected income tax was as follows:

The Company submitted a Notice of Corporate Action to FINRA on December 30, 2015 requesting approval of the reverse split, name change and symbol change, as the final step in the acquisition process (see Note 8); however, on March 21, 2016, FINRA formally notified the Company that it would not approve the requested corporate action. The FINRA response letter, a copy of which is filed with this Annual Report as Exhibit 99.1 stated that the corporate action request was deficient under FINRA Rule 6490(d)(3)(4) because FINRA had “actual knowledge” (provided by us) that “a person connected to the Issuer …may be potentially involved in fraudulent activities…” The “person” referenced by FINRA in the deficiency letter was Asher Enterprises, Inc., and its President, Curt Kramer, who was the subject of an SEC Cease and Desist Order (Administrative Proceeding File No. 3-15621, because Asher Enterprises, Inc. then held 4,166,667 of our common shares (approximately 1.2 percent of the outstanding shares) and two convertible promissory notes in the original principal amounts of $30,000 and $32,500 issued November 15, 2011 and April 17, 2012, respectively. Although we explained to FINRA that the Company had had no contact with Asher Enterprises, Inc. or Curt Kramer since 2012, that neither had any involvement of any kind in the company, other than as a passive investor, and that management since 2013 had had no dealings with them, FINRA apparently had concerns that Asher Enterprises, Inc. could continuously convert the notes into our common stock subject to a waivable 4.99 percent limit on holdings. Accordingly, our filing was deemed deficient.

		2016			2015

Current Tax Provision:
Federal income tax (benefit) at statutory rate (15%)	$	305,739		$	(17,646	)
State tax (benefit) at rate of 5%		101,913			(5,882	)
Pre-merger pass-through income of Alpine Industries, LLC		(107,400	)		—
Derivatives (net)		(343,701	)		—
Change in valuation allowance		43,449			23,528

Total current tax provision	$	—		$	—

The Company ~~along~~had ~~with~~deferred ~~Incubator~~income ~~Holdings, Inc.~~tax ~~has~~assets ~~subsequently~~as ~~been in contact with Asher Enterprises, Inc., and has been advised that neither Asher Enterprises, Inc., nor any officer, director or affiliate~~ of ~~Asher~~December ~~Enterprises~~31, ~~Inc., currently holds any stock or other equity interest in the Company.~~ ~~We have entered into a Settlement and Release Agreement with Asher Enterprises, Inc. dated May 2,~~ 2016, ~~under which Asher Enterprises, Inc. has agreed to accept $50,000 in full payment~~ and ~~satisfaction of all debts owed to it by the Company~~2015, including the two convertible notes and further agreed that, pending payment of the settlement amount due on or before May 10, 2016, Asher Enterprises, Inc. would not elect to convert any portion of the two convertible notes into common stock. Accordingly, payment of the settlement amount will completely terminate any connection of any kind between us and Asher Enterprises, Inc., so the adverse conditions which caused FINRA to deny our request for the corporate name change, symbol change and reverse split have been eliminated. We intend to file a new Notice of Corporate Action with FINRA, seeking the same results, immediately upon the filing of this Annual Report with the SEC. All other aspects of the proposed acquisition transaction with Incubator Holdings have been approved and completed, and the Company anticipates completing the transaction in June, 2016 as ~~soon as FINRA approval has been obtained.~~follows:

On March 31, 2016, Mr. Choo appointed John Griffin as a director of the Company and thereafter resigned as an officer and director. Mr. Griffin then was appointed as Chairman, CEO, President and Secretary and now serves as our sole officer and director. Mr. Griffin also serves as President of Incubator Holdings, Inc. This change in management was reported on a Form 8-K filed with the SEC on April 15, 2016.

		2016			2015

Net operating loss carryforwards	$	981,566		$	938,117
Less - Valuation allowance		(981,566	)		(938,117	)

Total net deferred tax assets	$	—		$	—

The Company provided a valuation allowance equal to the deferred income tax assets for the period ended December 31, 2016 and 2015, because it is not presently known whether future taxable income will be sufficient to utilize the loss carryforwards.

As of December 31, 2016, the Company had approximately $4,909,000 in tax loss carryforwards that can be utilized in future periods to reduce taxable income, and expire by the year 2032.t

The Company did not identify any material uncertain tax positions. The Company recognizes accrued interest related to unrecognized tax benefits in interest expense and penalties in operating expenses. For the years ended December 31, 2016 and 2015, the Company did not recognize any interest or penalties for unrecognized tax benefits.

The Company has elected to file consolidated returns, in which the prior Net Operating Losses of Adama as the parent company for tax purposes survive the merger, but as the accounting acquire, its other deferred tax assets do not. Prior to the reverse merger, Alpine was a pass-through entity whose losses passed through to its members.

The Company has filed income tax returns in the United States. The tax years of 2016, 2015 and 2014 are still open for examination by taxing authorities as the statute of limitation is 3 years

Note 11 Pending Litigation

On October 25, 2012, JS Barkats PLLC filed a breach of contract action against the Company and a former officer, Aviram Malik in the Supreme Court of New York, for breach of contract relating to a funding transaction in June 2012. The Complaint, which was apparently served on former management but was never answered or otherwise responded to by former management and which was never disclosed in our prior episodic filings, seeks to recover $45,395 in a cash finders ‘ fee allegedly due plus 2.5 percent of our issued and outstanding common stock as of the date the fee was earned, plus forfeiture of all of the common stock, warrants and options owned by Aviram Malik, individually. As a result of the failure to respond to the action, the plaintiff has been awarded a default judgement which was entered on December 15, 2015 for a cash amount of $182,300 and 2.5% of the fully diluted common stock issued and outstanding of Adama Technologies Corporation which is currently valued at $32,885 for a total amount of $248,490 which has been recorded as judgement payable on the balance sheet.

There are no other known 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 other pending legal proceedings.

Note 12 – Acquisition of Alpine Industries, LLC

On November 23, 2016, Adama Technologies completed its acquisition of Alpine Industries, LLC. Unaudited pro forma results of operations data for the fiscal years ending December 31, 2016 and 2015 as if the companies had been combined as of January 1, 2015. The pro forma results include estimates and assumptions which management believes are reasonable. However, pro forma results are not necessarily indicative of the results that would have occurred if the reverse merger had been in effect on the date indicated or which may result in the future.

F- 14

UNAUDITED PRO FORMA STATEMENT OF OPERATIONS

	Year Ended December 31, 2016			Year Ended December 31, 2015
Revenues	$	2,880,248		$	2,468,657
Cost of Goods Sold		2,082,662			2,107,697
Gross Profit		797,586			360,960

Expenses:

General and Administrative		14,957,282			351,001
Depreciation and Amortization		83,043			97,545
Consulting		8,526,000			180,000
Total Operating Expenses		23,566,325			628,546

Income(Loss) From Operations		(22,768,739	)		(267,586	)

Other Income (Expenses)
Gain on Sale of Asset		228,018			—
Forgiveness of debt		—			22,030
Judgment		—			(248,490	)
Loss of extinguishment of debt		—			(497,500	)
Convertible note premium		—			371,640
Gain/(Loss) on Derivatives		(1,956,894	)		25,333
Interest Expense		(1,059,042	)		(106,115	)
Total Other Income/(Expense)		(2,787,918	)		(433,102	)

Net Income/(Loss) before Income Taxes		(25,556,657	)		(700,688	)

Income Tax Expense		—			—
Net Income/(Loss)		(25,556,657	)		(700,688	)

Note 13 Subsequent Events

In the process of seeking merger and acquisition opportunities, Adama has been able to successfully complete 3 additional transactions subsequent to the filing period of December 31, 2016. Each of these transactions gives Adama increased opportunity to earn revenue and increase shareholder value.

Transaction #1: On April 29, 2017, Adama completed the asset purchase of SafeGuard PII in which Adama acquired the technology products within SafeGuard PII. Safeguard protects families and businesses from identity theft which has become the number one crime in the nation.

The terms of the transaction with Safeguard were an asset purchase of the technology in software for $2,000,000 payable in restricted shares of stock. Additionally, the Company appointed the founder of Safeguard, Mr. Mark Brown, to an advisory position and named him the director of sales in order to help better market and sale the assets acquired.

F- 15

Transaction #2 Subsequent to this filing period, Adama Technologies negotiated and completed an asset acquisition of several technology platforms called Prenr, Trove and Generation H.E.R.O. from Element 99, LLC. In this transaction, Adama Technologies acquired a 25% participation of these technologies and platforms within their own sales environments. This transaction is pending the Company becoming current in their financial reporting obligations with the SEC.

Transaction #3: Subsequent to this filing period, Adama Technologies negotiated the acquisition of EZ Mart Food Stores, Inc. This acquisition included the assignment of two contracts to purchase convenience store operations in Cusseta, Alabama and Holiday, Florida. These operations are currently generating $10 million and $8 million in annualized revenue respectively. Both properties are set to close in the fourth quarter of 2017.

Common Stock Issuances
Subsequent to this filing period ending December 31, 2016, the Company issued 42,401,250 shares of stock for a variety of operational and acquisition purposes. The following represents shares issued subsequent to this filing period:

Number of Shares		Purpose
4,000,000		Consulting, management and support services to support the Alpine Acquisition.
4,500,000		Legal services from Lance Mays
10,500,000		Debt conversion resulting in $475,000 reduction of convertible debt liability.
23,401,250		Issued for the purpose of securing additional acquisitions as detailed in Transaction 1, 2 and 3 of Note 13 (subsequent events) above.
Total: 42,401,250 Shares

Convertible Notes Issued
Subsequent to this filing period ending December 31, 2016, the Company issued four additional convertible notes.

On February 2, 2017, the Company entered in convertible note agreement with a private and accredited investor, Vincent & Rees, LC, in the amount of $56,000, unsecured, accruing interest at a 12% interest rate, with principal and interest amounts due and payable upon maturity on February 2, 2018. After six months, the note holder has the option to convert any portion of the unpaid principal balance into the Company’s common shares at any time at a 40% discount to the current market value. The Company has determined that the conversion feature in this note is indexed to the Company’s stock, and is considered to be a derivative that requires bifurcation. The Company calculated the fair value of this conversion feature using the Black-Scholes model and the following assumptions: Risk-free interest rates of 1.21%; Dividend rate of 0%; and, historical volatility rate of 435.56%.

On February 22, 2017, the Company entered in convertible note agreement with a private and accredited investor, Power Up Lending Group Ltd., in the amount of $35,000, unsecured, accruing interest at a 12% interest rate, with principal and interest amounts due and payable upon maturity on February 22, 2018. After six months, the note holder has the option to convert any portion of the unpaid principal balance into the Company’s common shares at any time at a 40% discount to the current market value. The Company has determined that the conversion feature in this note is considered to be a derivative. The Company calculated the fair value of this conversion feature using the Black-Scholes model and the following assumptions: Risk-free interest rates of 1.21%; Dividend rate of 0%; and, historical volatility rate of 435.56%.

On March 9, 2017, the Company entered in convertible note agreement with a private and accredited investor, Chienn Consulting, LLC., in the amount of $53,000, unsecured, accruing interest at a 12% interest rate, with principal and interest amounts due and payable upon maturity on March 9, 2018. After six months, the note holder has the option to convert any portion of the unpaid principal balance into the Company’s common shares at any time at a 40% discount to the current market value. The Company has determined that the conversion feature in this note is considered to be a derivative. The Company calculated the fair value of this conversion feature using the Black-Scholes model and the following assumptions: Risk-free interest rates of 1.21%; Dividend rate of 0%; and, historical volatility rate of 435.56%.

On May 1, 2017, the Company entered in convertible note agreement with a private and accredited investor, Marp, LLC., in the amount of $30,000, unsecured, accruing interest at a 12% interest rate, with principal and interest amounts due and payable upon maturity on May 1, 2018. After six months, the note holder has the option to convert any portion of the unpaid principal balance into the Company’s common shares at any time at a 40% discount to the current market value. The Company has determined that the conversion feature in this note is considered to be a derivative. The Company calculated the fair value of this conversion feature using the Black-Scholes model and the following assumptions: Risk-free interest rates of 1.21%; Dividend rate of 0%; and, historical volatility rate of 435.56%.

F- 16

Filing Compare · Adama Technologies Corp