UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

[X]	QUARTERLY REPORT UNDER TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
	FOR THE QUARTERLY PERIOD ENDED March 31, 2016
	FOR THE QUARTERLY PERIOD ENDED June 30, 2016
OR
[ ]	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Commission file number 333-196109

AGRIEURO CORP.

(Exact name of registrant as specified in its charter)

Nevada

(State or Other Jurisdiction of Incorporation or Organization)

41-2282815 (IRS Employer Identification Number) 5400 (Primary Standard Industrial Classification Code Number)


41-2282815	5400
(IRS Employer Identification Number)	(Primary Standard Industrial Classification Code Number)

Sos. Iancului Nr. 60, Apt. 1, Sector 2

Bucharest, Romania 021727

+1-212-655-9818

+1.212.655.9818

(Address and telephone number of principal executive offices)

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 registrant was required to file such reports), and (2) has been subject to such filing requirements for the last 90 days.

YES [X] NO [ ]

Indicate by check mark whether the issuer 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

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

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

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

YES [ ] NO [X]

State the number of shares outstanding of each of the issuer’s classes of common equity, as of the latest practicable date: 256,000,000 as of ~~July~~August 1318, 2016.

TABLE OF CONTENTS

		Page
PART I FINANCIAL INFORMATION
Item 1	Financial Statements (Unaudited)	3
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	4
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	56
Item 4.	Controls and Procedures	56
PART II OTHER INFORMATION
Item 1	Legal Proceedings	6
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	6
Item 3	Defaults Upon Senior Securities	6
Item 4	Mine Safety Disclosures	6
Item 5	Other Information	6
Item 6	Exhibits	67
	Signatures	7

PART I – FINANCIAL INFORMATION

Item 1. Financial Statements.

The accompanying interim condensed consolidated financial statements of AgriEuro Corp. (the “Company”), have been prepared without audit pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with United States generally accepted principles have been condensed or omitted pursuant to such rules and regulations.

In the opinion of management, the condensed consolidated financial statements contain all material adjustments, consisting only of normal adjustments considered necessary to present fairly the financial condition, results of operations, and cash flows of the Company for the interim periods presented.

	Page
Unaudited Consolidated Balance Sheets as of March 31, 2016 and December 31, 2015	F-1
Unaudited Condensed Consolidated Balance Sheets as of June 30, 2016 and December 31, 2015	F-1
Unaudited Consolidated Statements of Operations for the three months ended March 31, 2016 and 2015	F-2
Unaudited Condensed Consolidated Statements of Operations for the six months ended June 30, 2016 and 2015	F-2
Unaudited Consolidated Statement of Cash Flows for the three months ended March 31, 2016 and 2015	F-3
Unaudited Condensed Consolidated Statements of Cash Flows for the six months ended June 30, 2016 and 2015	F-3
Notes to the Unaudited Consolidated Financial Statements	F-4 to F-11
Notes to the Unaudited Condensed Consolidated Financial Statements	F-4 to F-11

AgriEuro Corp.

Condensed Consolidated Balance Sheets

	March31, 2016 (Unaudited)			December 31, 2015*
	June 30, 2016 (Unaudited)			December 31, 2015*
ASSETS
Current Assets
Cash and cash equivalents	$	112,~~114~~190		$	20,656
Accounts receivable		525,~~640~~311			23,777
Inventory		4996,~~034~~585			10,661
Other current assets		5563,~~729~~042			46,185
Total Current Assets		~~111~~197,~~517~~128			101,279
Property, plant and equipment, net		4,~~194~~033,~~696~~116			3,977,181
TOTAL ASSETS		4,~~306~~230,~~213~~244			4,078,460
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities
Accounts payable and accrued liabilities	$	90116,~~113~~356		$	47,473
Short term notes payable - related parties		1,817,097			1,730,635
Short term note		29,396			-
Total Current Liabilities		1,907,210			1,778,108
Short term notes payable - related parties		1,796,243			1,730,635
Total Current Liabilities		1,941,995			1,778,108
Notes payable - related party		515,230			486,950
TOTAL LIABILITIES		2,~~422~~457,~~440~~225			2,265,058
Commitments and Contingencies		-			-
STOCKHOLDERS' EQUITY
Common stock, par value $0.001, 750,000,000 shares authorized,
256,000,000 shares issued and outstanding, respectively		256,000			256,000
Additional paid-in capital		3,~~017~~039,~~398~~982			2,995,344
Accumulated deficit		(~~935~~967,~~099~~079	)		(851,058	)
Accumulated other comprehensive loss		(~~497~~595,~~132~~816	)		(627,679	)
Total AgriEuro Corp. Stockholders' Equity		1,~~841~~733,~~167~~087			1,772,607
Noncontrolling interest		4239,~~606~~932			40,795
TOTAL STOCKHOLDERS' EQUITY		1,~~883,~~773,019			1,813,402
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$	4,~~306~~230,~~213~~244		$	4,078,460

*Derived from audited information

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

F-1

AgriEuro Corp.

Condensed Consolidated Statements of Operations and Comprehensive Income

(Unaudited)

	Three Months Ended						Six Months Ended
	March 31,
	June 30,						June 30,
	2016			2015			2016			2015
REVENUES	$	-51,485		$	-		$	51,485		$	-
COST OF GOODS SOLD		-23,564			-			23,564			-
GROSS PROFIT		-27,921			-			27,921			-
OPERATING EXPENSES
General and administrative		3515,~~646~~826			3043,~~954~~916			51,472			74,870
Professional fees		2722,~~105~~250			-13,396			49,355			13,396
Total Operating Expenses		6238,~~751~~076			3057,~~954~~312			100,827			88,266
Operating Loss		(6210,~~751~~155	)		(3057,~~954~~312	)		(72,906	)		(88,266	)
OTHER EXPENSE
Interest expense – related party		(22,~~054~~708	)		(2021,~~264~~485	)		(44,762	)		(41,749	)
Total Other Expense		(22,~~054~~708	)		(2021,~~264~~485	)		(44,762	)		(41,749	)
LOSS FROM OPERATION BEFORE INCOME TAXES		(8432,~~805~~863	)		(5178,~~218~~797	)		(117,668	)		(130,015	)
Income taxes		-			-			-			-
NET LOSS		(8432,~~805~~863	)		(5178,~~218~~797	)		(117,668	)		(130,015	)
Net loss attributable to the noncontrolling interest		~~764~~883			-1,401			1,647			1,401
NET LOSS ATTRIBUTABLE TO THE SHAREHOLDERS OF AGRIEURO CORP.		(8431,~~041~~980	)		(5177,~~218~~396	)		(116,021	)		(128,614	)
OTHER COMPREHENSIVE INCOME (LOSS)
Foreign currency translation adjustments		~~133~~(100,~~122~~475	)		~~(226~~18,~~770)~~524			32,647			(208,246	)
Other comprehensive gain (loss) attributable to the noncontrolling interest		(21,~~575~~791	)		-4,998			(784	)		4,998
OTHER COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO THE SHAREHOLDERS OF AGRIEURO CORP.		130,547			(226,770	)
OTHER COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TOHE SHAREHOLDERS OF AGRIEURO CORP.		(98,684	)		23,522			31,863			(203,248	)
NET LOSS AND OTHER COMPREHENSIVE INCOME (LOSS)	$	46(130,~~506~~664	)	$	(~~277~~53,~~988~~874	)	$	(84,158	)	$	(331,862	)
Basic and Diluted Loss per Common Share	$	(0.00	)	$	(0.01	)	$	(0.00	)	$	(0.07	)
Basic and Diluted Weighted Average Common Shares Outstanding		256,000,000			4,~~300~~761,~~000~~538			256,000,000			4,532,044

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

F-2

AgriEuro Corp.

Condensed Consolidated Statements of Cash Flows

(Unaudited)

	Three Months Ended
	Six Months Ended
	March 31,			March 31,
	June 30,			June 30,
	2016			2015
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$	(84117,~~805~~668	)	$	(51130,~~218~~015	)
Adjustments to reconcile net loss to net cash from operating activities:
Non-cash interest expense		2243,~~179~~716			2041,~~264~~747
Depreciation		1326,~~037~~139			-
Changes in operating assets and liabilities:
Accounts receivable		18(1,~~904~~103	)		-
Inventory		(3684,~~706~~981	)		(1939,~~433~~649	)
Other assets		(616,~~836~~010	)		(1028,~~080~~554	)
Accounts payable and accrued liabilities		3966,~~701~~746			1619,~~225~~251
Net cash used in operating activities		(34,526	)		(44,242	)
Liabilities assumed in reverse acquisition		-			(26,960	)
Net cash used in operating activities		(83,161	)		(164,180	)
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures		(9,780	)		(39,683	)
Cash received from reverse acquisition		-			17
Net cash used in investing activities		(9,780	)		(39,683	)
Capital expenditures		(11,408	)		(254,138	)
Net cash used in investing activities		(11,408	)		(254,121	)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds borrowing from related parties		2868,~~360~~494			80470,~~915~~967
Net cash provided by financing activities		28,360			80,915
Proceeds from note issuance		29,136			-
Effects on changes in foreign exchange rate		(3,596	)		(1,703)
Principal payments on borrowings, related party		(11,703	)		-
Net increase in cash and cash equivalents		(19,542	)		(4,713)
Net cash provided by financing activities		85,927			470,967
Effects on changes in foreign exchange rate		176			(3,448	)
Net increase in cash and cash equivalents		(8,466	)		49,218
Cash and cash equivalents - beginning of period		20,656			4,882
Cash and cash equivalents - end of period	$	112,~~114~~190		$	~~169~~54,100
Supplemental Cash Flow Disclosures
Cash paid for interest	$	-		$	-
Cash paid for income taxes	$	-		$	-
Non-cash capital expenditures	$	-		$	-

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

F-3

AgriEuro Corp.

Notes to the Condensed Consolidated Financial Statements

For the ~~Three~~Six Months Ended ~~March~~June 3130, 2016

NOTE 1 -ORGANIZATION AND DESCRIPTION OF BUSINESS AND GOING CONCERN

AgriEuro Corp. (the “Company”) was incorporated in the State of Nevada on October 24, 2013 as Artex Corp. and on August 24, 2015 formally changed its name to AgriEuro Corp. The Company was originally formed to sell popcorn from mobile carts in Poland but was never able to commence such operations. The Company has now entered into the business of agriculture, aquaculture and hospitality through our merger.

On June 8, 2015, the Company entered into a Share Exchange Agreement (the “Share Exchange Agreement”) with Speed Flyer Limited (“SFL”), a Seychelles corporation, whereby the Company issued 32,000,000 shares of its common stock in exchange for 97.6% of the issued and outstanding equity interests of S.C. PISCICOLA TOUR AP PERITEASCA S.R.L. (“SRL”), a Romanian limited liability company (See NOTE 7). In addition, as of the date of the merger, the Company changed its fiscal year end to that of December 31 to align the Company with the Company’s majority owned operating subsidiary.

For financial accounting purposes, the Exchange Agreement has been accounted for as a reverse acquisition by the SFL, and resulted in a recapitalization, with SFL. being the accounting acquirer and the Company as the acquired entity. The assets acquired and liabilities assumed were $17 and $36,816, respectively. The consummation of this Exchange Agreement resulted in a change of control. Accordingly, the historical financial statements prior to the acquisition are those of the accounting acquirer, SFL, and have been prepared to give retroactive effect to the reverse acquisition completed on June 8, 2015, and represent the operations of SFL. The consolidated financial statements after the acquisition date include the balance sheets of both companies at historical cost, the historical results of SFL. and the results of the Company from the acquisition date. All share and per share information in the accompanying consolidated financial statements and footnotes has been retroactively restated to reflect the recapitalization.

On August 25, 2015, the Company entered into a statutory merger with its wholly-owned subsidiary, AgriEuro Corp. The effect of such merger is that the Company was the surviving entity and changed its name to AgriEuro Corp. On August 25, 2015, the Company changed its trading symbol to “EURI”.

As of ~~March~~June 3130, 2016, the Company has a working capital deficit of approximately $1.87 million. The Company completed its winter reed harvest ~~as of March 31, 2016~~ and has recorded 349,088 raw ~~rundles~~bundles effective March 31, 2016 a portion of which were subsequently cleaned, culled and prepared for initial sales commencing late May 2016. As at June 30, 2016 the Company has sold approximately 20% of its total expected saleable inventory and holds 10,312 saleable bundles in inventory as well as approximately 256,000 raw bundles for processing. The Company expects to burn its crop fields during the third quarter of fiscal 2016 and should have completed sale of the finished reed bundles by close of the third quarter as well . As of the date of these financial statements, the Company has not acquired automated harvesting equipment and is again relying on manual labor in order to harvest and produce its saleable reed crop in 2016. The result of not purchasing automated harvesting equipment is an approximate 85% reduction in potential yield while at the same time increasing costs due to the required use of manual labor. These factors raise substantial doubt about the Company’s ability to continue as a going concern.

The Company has to date received substantial funding from and has generally been able to obtain waivers to extend its debt from its related parties as those obligations come due. The Company is expecting to offer its stock in a public offering during fiscal 2016 in order to satisfy its working capital needs in the agricultural and aquaculture industries and also to begin the process of expanding into the hospitality business, however, there can be no assurance that the Company will be able to raise these funds on terms acceptable to the Company and that the related parties will continue to lend to the Company and waive payment obligations as they come due under the short term notes and advances. If the Company is unable to raise additional funds or should its related parties demand repayment of notes and or advances currently due, the Company may be required to curtail operations and if necessary cease operations. The condensed consolidated financial statements presented herein do not include any adjustments that might result from this uncertainty.

F-4

AgriEuro Corp.

Notes to the Condensed Consolidated Financial Statements

For the ~~Three~~Six Months Ended ~~March~~June 3130, 2016

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Unaudited Interim Financial Statements

The unaudited interim condensed consolidated financial statements of the Company have been prepared in accordance with United States generally accepted accounting principles (“GAAP”) for interim financial information and the condensing rules and regulations of the Securities and Exchange Commission (“SEC”). They do not include all information and footnotes required by GAAP for complete financial statements. Except as disclosed herein, there have been no material changes in the information disclosed in the notes to the financial statements for the year ended December 31, 2015, included in the Company’s Annual Report on Form 10-K, filed with the SEC. The interim unaudited financial statements should be read in conjunction with those audited financial statements included in Form 10-K. In the opinion of management, all adjustments considered necessary for fair presentation, consisting solely of normal recurring adjustments, have been made. Operating results for the ~~three~~six-month period ended ~~March~~June 3130, 2016 are not necessarily indicative of the results that may be expected for the year ending December 31, 2016.

Basis of Presentation

The Financial Statements and related disclosures have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission ("SEC"). The Financial Statements have been prepared using the accrual basis of accounting in accordance with Generally Accepted Accounting Principles ("GAAP") of the United States. Certain reclassifications have been made in the 2015 financial statements to conform to the 2016 presentation.

Basis of Consolidation

These financial statements include the accounts of the Company and its subsidiary SRL. All material intercompany balances and transactions have been eliminated.

Foreign Currency Translation

The Company’s functional currency is the US dollar. SRL’s functional currency is the Romania Lei and thus SRL’s financial statements are translated into US dollar using current exchange rates. The U.S. dollar effects that arise from translating the net assets of the company at changing rates are recorded in the foreign currency translation account, which is included in Accumulated other comprehensive income (loss)(“AOCI”) and reflected as a separate component of equity.

Use of Estimates

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 and liabilities and disclosure of contingent assets and liabilities at the date the financial statements and the reported amount of revenues and expenses during the reporting period. Significant assumptions included in the preparation of these condensed consolidated financial statements primarily are for the cash flows used in the impairment testing for long-lived assets. Actual results could differ from those estimates.

Cash and Cash Equivalents

The Company considers all highly liquid investments with a maturity of three months or less at the time of purchase to be cash equivalents.

F-5

AgriEuro Corp.

Notes to the Condensed Consolidated Financial Statements

For the ~~Three~~Six Months Ended ~~March~~June 3130, 2016

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

Accounts Receivable

The Company's accounts receivable consists of trade receivables from customers. The Company evaluates the collectability of its accounts receivable on an on-going basis and write off the amount when it is considered to be uncollectible. The Company does not have allowance for doubtful accounts. As at ~~March~~June 3130, 2016 and December 31, 2015, the Company had $525,~~640~~311 and $23,777 accounts receivable, respectively.

Concentrations

As of ~~March~~June 3130, 2016 and December 31, 2015, 100% of the accounts receivable balance consisted of amounts outstanding from ~~two~~three customers. Of this amount there remains $5,640 in uncollected balances related to product sales ~~completed~~from in fiscal 2015~~. In~~ after application of a substantial reduction to balances carried forward during the ~~period~~three months ended March 31, 2016 from one of ~~these~~our customers. ~~made~~A total of $19,671 is a ~~substantial~~result ~~reduction~~of new sales to ~~their~~customers ~~outstanding~~in ~~account~~the three-month period ended June 30, 2016.

Inventory

Readily marketable inventories are agricultural commodity inventories that are readily convertible to cash because of their commodity characteristics, widely available markets and international pricing mechanisms. Readily marketable inventories are valued at fair value. These agricultural commodity inventories have quoted market prices in active markets, may be sold without significant further processing and have predictable and insignificant disposal costs. Changes in the fair values of merchandisable agricultural commodities inventories are recognized in earnings as a component of cost of goods sold. As of ~~March~~June 3130, 2016 ~~and December 31~~, ~~2015,~~ the Company had noapproximately 10,312 bundles of readily marketable inventories and a further 256,000 raw bundles.

Inventories other than readily marketable inventories are stated at the lower of cost or market by inventory product class. Cost is determined using primarily the first in-first out method. Inventories at ~~March~~June 3130, 2016 consisted of harvested, unprocessed reed bundles at the Company’s cost to harvest and return the land to its original state and 10,312 ready for sale bundles. Inventories at December 31, 2015 consist of costs related to initial harvesting of reed including fuel and labor.

Property and Equipment

Property and equipment are stated at cost less accumulated depreciation and are depreciated using the straight-line method over the assets’ estimated useful lives. Principal useful lives are as follows:

Buildings	Held for development
Machinery and equipment	4 - 12 years
Vehicles	4 - 8 years

Normal maintenance and repairs for property and equipment are charged to expense as incurred, while significant improvements that increase the useful life or increase the productive capacity of the asset are capitalized.

Impairment or Disposal of Long-Lived Assets

At each balance sheet date or whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable, management of the Company evaluates the recoverability of such assets. An impairment loss is recognized if the amount of undiscounted cash flows is less than the carrying amount of the asset, in which case the asset is written down to fair value. The fair value of the asset is measured by either quoted market prices or the present value of estimated expected future cash flows using a discount rate commensurate with the risks involved. The Company has evaluated the carrying values of its assets as of ~~March~~June 3130, 2016 and has determined that no impairment is required.

F-6

AgriEuro Corp.

Notes to the Condensed Consolidated Financial Statements

For the ~~Three~~Six Months Ended ~~March~~June 3130, 2016

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

Revenue Recognition

The Company will recognize revenue from the sale of products and services in accordance with ASC 605,"Revenue Recognition." The Company will recognize revenue only when all of the following criteria have been met:

i.)	Persuasive evidence for an agreement exists;
ii.)	Services have been provided or the goods have been delivered;

iii.)	The fee is fixed or determinable; and,
iv.)	Collection is reasonably assured.

Income Taxes

Income taxes are provided for the tax effects of transactions reported in the financial statements and consist of currently due plus deferred taxes. Deferred tax assets and liabilities are determined based on differences between financial reporting carrying amounts and the respective tax bases of assets and liabilities, and are measured using tax rates and laws that are expected to be in effect when the differences are expected to be recovered or settled. Valuation allowances are provided against deferred tax assets if it is more likely than not that the deferred tax assets will not be realized.

The Company follows the guidance of FASB ASC 740-10 which relates to the Accounting for Uncertainty in Income Taxes, which seeks to reduce the diversity in practice associated with the accounting and reporting for uncertainty in income tax positions. This Interpretation prescribes a comprehensive model for financial statement recognition, measurement, presentation and disclosure of uncertain tax positions taken or expected to be taken in income tax returns.

Recent Accounting Pronouncements

In ~~March~~January 2016, the FASB issued ASU ~~No.~~ 2016-0901, ~~Compensation~~ —Financial ~~Stock~~Instruments ~~Compensation~~- Overall: ~~Improvements~~Recognition toand ~~Employee~~Measurement ~~Share-Based~~of ~~Payment~~Financial ~~Accounting (“ASU~~Assets ~~2016-09”)~~and Financial Liabilities. ~~The~~This new ~~guidance~~standard ~~will~~provides ~~change~~guidance on how ~~companies~~entities ~~account~~measure ~~for~~certain equity investments and present changes in the fair value. This standard requires that entities measure certain ~~aspects~~equity ofinvestments ~~share~~that do not result in consolidation and are not accounted for under the equity method at fair value and recognize any changes in fair value in net income. ASU 2016-~~based~~01 ~~payments~~is toeffective ~~employees~~for fiscal years beginning after December 31, 2017. ~~Under~~The ~~existing~~Company ~~accounting~~is currently evaluating the provisions of this guidance, ~~tax~~and ~~benefits~~assessing its impact on the Company's financial statements and disclosures.

~~and~~In ~~certain~~February ~~tax~~2016, ~~deficiencies arising from~~ the ~~vesting~~FASB ofissued ~~share-based~~ASU ~~payments are recorded in additional paid~~No. 2016-~~in-capital~~02, Leases. The new ~~guidance~~standard ~~will~~requires ~~require~~that ~~such~~all ~~benefits~~lessees orrecognize ~~deficiencies~~the toassets beand ~~recognized~~liabilities asthat ~~income~~arise ~~tax~~from ~~benefits~~leases oron ~~expenses in~~ the ~~statement~~balance ofsheet ~~operations. Companies~~and ~~are~~disclose ~~required~~qualitative toand ~~apply~~quantitative ~~the~~information ~~new~~about ~~guidance~~its ~~prospectively~~leasing arrangements. The new standard iswill be effective for ~~fiscal~~us ~~years~~on ~~beginning~~January 1, ~~after~~2019. ~~December~~This 15standard is not expected to have a material impact on our financial position, ~~2016~~results of operations or statement of cash flows upon adoption.

In ~~February~~March 2016, the FASB issued ASU No. 2016-0209, Compensation ~~Leases~~- Stock Compensation (Topic ~~842~~718).: ~~ASU~~Improvements ~~2016-02 requires the lessee~~ to ~~recognize~~Employee ~~assets~~Share-Based ~~and~~Payment ~~liabilities for leases with lease terms of more than twelve months~~Accounting. ~~For~~The ~~leases~~new ~~with~~standard ainvolves ~~term~~several aspects of ~~twelve months or less,~~ the ~~Company~~accounting isfor ~~permitted~~share-based topayment ~~make~~transactions, anincluding ~~accounting~~the ~~policy~~income ~~election~~tax byconsequences, ~~class~~classification of ~~underlying~~awards ~~asset~~as ~~not~~either toequity ~~recognize~~or ~~lease~~liabilities ~~assets~~ and ~~lease~~classification ~~liabilities.~~on ~~Further,~~ the ~~lease~~statement ~~requires~~of acash ~~finance~~flows. ~~lease~~The tonew ~~recognize~~standard ~~both~~will anbe ~~interest~~effective ~~expense~~for ~~and~~us anon ~~amortization~~January 1, ~~of the associated expense~~2017. ~~Operating~~This ~~leases~~standard ~~generally~~is ~~recognize~~not ~~the~~expected ~~associated~~to ~~expense~~have on a ~~straight~~material ~~line~~impact ~~basis.~~on ~~ASU~~our ~~2016-02~~financial ~~requires~~position, ~~the~~results ~~Company~~of tooperations ~~adopt~~or ~~the~~statement ~~standard~~of ~~using~~cash aflows ~~modified~~upon ~~retrospective approach and~~ adoption ~~beginning on January 1, 2019~~.

In January 2016, the FASB issued ASU 2016-01, Financial Instruments - Overall: Recognition and Measurement of Financial Assets and Financial Liabilities. This new standard provides guidance on how entities measure certain equity investments and present changes in the fair value. This standard requires that entities measure certain equity investments that do not result in consolidation and are not accounted for under the equity method at fair value and recognize any changes in fair value in net income. ASU 2016-01 is effective for fiscal years beginning after December 31, 2017.

F-7

AgriEuro Corp.

Notes to the Condensed Consolidated Financial Statements

For the ~~Three~~Six Months Ended ~~March~~June 3130, 2016

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

~~Recent~~In June 2016, the Financial Accounting ~~Pronouncements~~Standards Board (~~cont’d~~"FASB") issued Accounting Standards Update ("ASU") No. 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. The new standard requires financial assets measured at amortized cost be presented at the net amount expected to be collected, through an allowance for credit losses that is deducted from the amortized cost basis. The standard will be effective for the Company beginning January 1, 2020, with early application permitted. This standard is not expected to have a material impact on our financial position, results of operations or statement of cash flows upon adoption.

In May 2014 and again in August 2015, the Financial Accounting Standards Board issued amended accounting guidance on revenue recognition that will be applied to all contracts with customers. The objective of the new guidance is to improve comparability of revenue recognition practices across entities and to provide more useful information to users of financial statements through improved disclosure requirements. This guidance is effective for annual and interim periods beginning in 2019 (see below). Early adoption is permitted, but only beginning in 2018. The Company is currently assessing the impact of adoption on its consolidated financial statements.

The Company has chosen to qualify as an Emerging Growth Company (“EGC”) and use the deferral provisions under Securities Act Section 7(a)(2)(B) and therefore does not expect to adopt the guidance from new accounting policies issued with effective dates after April 2012 until such time as the earlier of when they become applicable to private enterprises or the Company no longer qualifies as an EGC.

NOTE 3 – INVENTORY

The following table shows our inventories, at lower of cost or market:

	March 31, 2016		December 31, 2015
	June 30, 2016		December 31, 2015
Reed costs	$	4393,~~983~~993	$	-
Fuel		~~4,306~~149		7,914
Other		~~745~~2,443		2,747
	$	4996,~~034~~585	$	10,661

NOTE 4 – PROPERTY, PLANT, AND EQUIPMENT

In 2011, the predecessor entity to the Company’s subsidiary SRL acquired certain property and equipment included in the table below under “Buildings and related structures (idle and held for development)” from an unrelated third party for a purchase price of Euro 3.5 million. In March 2012, the predecessor entity created three brother sister companies, of which one was SRL and spun the companies out to the owner of the predecessor company. Immediately after the creation of SRL, the predecessor company then transferred those assets noted below and certain related liabilities at their historical cost to SRL.

Fixed assets consist of the following:

	March 31, 2016			December 31, 2015
	June 30, 2016			December 31, 2015
Land	$	109,~~227~~861		$	9,689
Buildings and related structures (idle and held for development)		3,~~807~~670,~~297~~900			3,606,973
Fixture		4,~~249~~097			4,026
Machinery and equipment		~~207~~200,~~699~~258			191,999
Vehicles		~~184~~177,~~164~~303			174,474
Construction in progress		38,~~011~~160			31,450
		4,251,647			4,018,611
		4,100,579			4,018,611
Less accumulated depreciation		(5667,~~951~~463	)		(41,430	)
	$	4,~~194~~033,~~696~~116		$	3,977,181

F-8

AgriEuro Corp.

Notes to the Condensed Consolidated Financial Statements

For the ~~Three~~Six Months Ended ~~March~~June 3130, 2016

NOTE 4 – PROPERTY, PLANT, AND EQUIPMENT

For the ~~three~~six months ended ~~March~~June 3130, 2016 depreciation expense was $1325,~~037~~873. The Company will commence depreciation on the buildings and related structures upon completion of work required to bring them to a usable state in its agriculture businesses.

NOTE 5 – ACCOUNTS PAYABLE AND ACCRUED EXPENSES

Accounts payable and accrued expenses consisted of the following:

	March 31, 2016		December 31, 2015
	June 30, 2016		December 31, 2015
Accounts payable	$	7137,~~590~~910	$	20,112
Accrued payroll and related taxes		62,~~023~~330		4,839
Accrued professional fees		12,500		22,522
Accrued reed costs		51,116		-
	$	90,113	$	47,473
Accrued professional fees		25,000		22,522
	$	116,356	$	47,473

NOTE 6 – RELATED ~~PARTIES~~PARTY TRANSACTIONS

Notes Payable - SRL

In 2011, the predecessor company to SRL was advanced approximately $1.6 million from S.C. Rondo Invest S.R.L., a company affiliated directly with the former owner of SRL, to fund part of the Euro 3.5 million purchase price of the assets more fully described in Note 4. In 2012, upon formation of SRL and transfer of the buildings and related structures, the predecessor also transferred the related party advance to SRL. In July 2014, the new owner of SRL acquired the related party advance directly from S.C. Rondo Invest S.R.L and entered into a formal short term note with SRL. The note has a 1-year maturity, is non-interest bearing and is unsecured.

In 2014, SRL received gross proceeds of approximately $236,000 and issued 1 year promissory notes in an aggregate amount of $80,000 and three year promissory notes of $156,000. All of the notes are unsecured and non-interest bearing and were issued to shareholders of SRL. In 2014, the majority shareholder of SRL made payments directly to suppliers for approximately $72,000 and entered into 1 year unsecured, non-interest bearing notes for those amounts.

During the year ended December 31, 2015, SRL received gross proceeds of approximately $346,000 and issued promissory notes in the aggregate principal amount of approximately $330,000 in three year notes and approximately $16,000 in 1 year notes. All of the advances were from either shareholder of SRL or the Company. All of the notes are non-interest bearing.

During the three months ended March 31, 2016, SRL issued promissory notes in respect of proceeds received in the amount of $28,360 as three years, unsecured, non-interest bearing notes. The increase above the cash received of $28,360 resulted from change in the foreign exchange rate between the RON and USD between December 31, 2015 and March 31, 2016.

During the ~~three~~six months ended ~~March~~June 3130 ,2016 and 2015, SRL imputed interest, at prevailing interest rates in Romania ranging between 3.25% and 5.5%, of $2244,~~054~~637 and $2041,~~264~~747, respectively for non-interest bearing notes issued to related parties of the Company.

F-9

AgriEuro Corp.

Notes to the Condensed Consolidated Financial Statements

For the ~~Three~~Six Months Ended ~~March~~June 3130, 2016

NOTE 6 – RELATED PARTIES TRANSACTIONS (continued)

Advances Payable - AgriEuro

Prior to the merger with SRL, a director and shareholder of the former shell advanced the Company $7,200.

During the year ended December 31, 2015, one of the Company’s ~~shareholder~~shareholders advanced approximately $121,000 to provide the Company with additional working capital.

~~NOTE~~During 7the -six ~~EQUITY~~months ended June 30, 2016 one of the Company’s shareholders advanced approximately $39,195 to provide the Company with additional working capital.

NOTE 7 – LOAN PAYALBE

On April 7, 2016, SRL issued a note to a third party in respect of proceeds received in the amount of $29,396 (RON 120,000) as a three-month, unsecured, non-interest bearing note.

NOTE 8 - EQUITY

The Company has 750,000,000 shares, $0.001 par value, of common stock authorized. The Company does not have any authorized classes of preferred stock.

As of ~~March~~June 3130, 2016 and December 31, 2015, the Company does not have any instruments outstanding that are convertible or exercisable into shares of its common stock.

At ~~March~~June 3130, 2016 and December 31, 2015 respectively there were 256,000,000 shares of common stock issued and outstanding

On June 10, 2015, the Company completed the acquisition of 97.6% of the issued and outstanding equity interests of SRL from Speed Flyer Limited. Immediately prior to the closing of the acquisition, Speed Flyer Limited entered into an agreement with the majority shareholder of SRL in which the shareholder agreed to exchange 97.6% of the outstanding equity interests of SRL for 80% of the issued and outstanding shares of Speed Flyer Limited.

The completion of the Share Exchange Agreement acquisition has resulted in the Company ceasing to be a “shell company” as that term is defined in Rule 405 promulgated by the Securities and Exchange Commission under the Securities Act of 1933. Because the former SRL shareholder is now the majority shareholder of the Company, the transaction was treated as a recapitalization of SRL and following the merger, the financial statements of the Company became those of SRL and the financial statements of the Company prior to the merger were cease.

On August 25, 2015, Company filed a Certificate of Amendment with the Nevada Secretary of State whereby it amended its Articles of Incorporation by increasing the Company's authorized number of shares of common stock from 75 million to 750 million and increasing all of its issued and outstanding shares of common stock at a ratio of forty (40) shares for every one (1) share held. These financial statements incorporate the 40:1 forward split as if it occurred at the inception of the Company.

F-10

AgriEuro Corp.

Notes to the Condensed Consolidated Financial Statements

For the ~~Three~~Six Months Ended ~~March~~June 3130, 2016

NOTE 79 – ~~EQUITY~~CONCESSIONS ~~(continued)~~AND LEASES

On ~~August~~October 2522, ~~2015~~2014, ~~Company~~SRL ~~filed~~entered into a ~~Certificate~~concession ofagreement ~~Amendment~~ with the ~~Nevada~~local ~~Secretary~~government of ~~State~~the ~~whereby~~county of Tulcea, Romania. The concession agreement gives SRL the right to engage in any trade or business on the approximately 1,700 hectares it ~~amended~~acquired rights to from its ~~Articles~~predecessor. The contract has an initial term of ~~Incorporation~~10 byyears, ~~increasing~~extendable at the ~~Company's~~option ~~authorized~~of ~~number~~SRL offor ~~shares~~an additional 5 years, subject to the requirement that SRL invest a minimum of ~~common~~approximately ~~stock~~$490,000 at June ~~from~~30, 752016 ~~million~~exchange rates, over the first three years of the concession contract, to ~~750~~improve ~~million~~the ~~and~~existing ~~increasing~~structures ~~all~~on the 1,700 hectares that are the subject of ~~its~~the ~~issued~~concession. SRL expects to invest more than the $490,000 minimum required in the concession contract and ~~outstanding~~expects ~~shares~~to ofextend ~~common~~the ~~stock~~contract atfor a ~~ratio~~full of15 ~~forty~~years. ~~(40)~~In ~~shares~~addition, ~~for~~the ~~every~~concession ~~one~~contract requires a minimum yearly royalty (1lease payment) ~~share~~of ~~held~~approximately $73,000 per year, at June 30, 2016 exchange rates. ~~These~~The ~~financial~~local ~~statements~~governing ~~incorporate~~body has limited veto rights over what customers SRL may sell the ~~40:1~~agricultural ~~forward~~and ~~split~~aquaculture asproducts ifits itproduces, ~~occurred~~but athas no ability to set prices. In addition to the ~~inception~~minimum royalty (lease) payment, SRL also must pay a royalty to the local governing body based on the gross tonnes of reeds harvested on the land under the concession contract, depending on volume of aquaculture harvested. The Company estimates an additional royalty of approximately $678 payable in the current year at a rate of approximately $5.42 per tonne.

~~NOTE~~Rent 8expense –under ~~CONCESSIONS~~the ~~AND~~concession ~~LEASES~~for the six months ended June 30, 2016 and 2015 was approximately $38,140 and $38,000, respectively and approximately $19,000, was included in the reed cost inventory at June 30, 2016 and June 30, 2015.

OnNOTE October 22, 2014, SRL entered into a concession agreement with the local government of the county of Tulcea, Romania. The concession agreement gives SRL the right to engage in any trade or business on the approximately 1,700 hectares it acquired rights to from its predecessor. The contract has an initial term of 10 ~~years,~~– ~~extendable~~COMMITMENTS atAND the option of SRL for an additional 5 years, subject to the requirement that SRL invest a minimum of approximately $508,000 at March 31, 2016 exchange rates, over the first three years of the concession contract, to improve the existing structures on the 1,700 hectares that are the subject of the concession. SRL expects to invest more than the $508,000 minimum required in the concession contract and expects to extend the contract for a full 15 years. In addition, the concession contract requires a minimum yearly royalty (lease payment) of approximately $75,600 per year, at March 31, 2016 exchange rates. The local governing body has limited veto rights over what customers SRL may sell the agricultural and aquaculture products its produces, but has no ability to set prices. In addition to the minimum royalty (lease) payment, SRL also must pay a royalty to the local governing body based on the gross tonnes of reeds harvested on the land under the concession contract, depending on volume of aquaculture harvested. The Company estimates an additional royalty of approximately $703 payable in the current year at a rate of approximately $5.62 per tonne. CONTINGENCIES

Rent expense under the concession for the three months ended March 31, 2016 and 2015 was approximately $18,800 and $20,000, respectively and approximately $9,400 and $10,000, was included in the reed cost inventory at March 31, 2016 and December 31, 2015, respectively.

NOTE 9 – COMMITMENTS AND CONTINGENCIES

AgriEuro Corp. has been named as a defendant in the lawsuit entitled Geoge Sharp v. America Resources Exploration, Inc., et al., Case No. 37-2015-00028270-CU-NP-CTL, currently pending in the California Superior Court for San Diego County. The lawsuit was filed on August 20, 2015, and AgriEuro Corp. was added as a defendant on November 23, 2015. The other named defendants in the lawsuit are America Resources Exploration dba PetroGas Company, Inc. and iContact, LLC. The lawsuit alleges that AgriEuro Corp. and the other defendants sent and/or advertised in at least 99 emails in violation of California Business and Professions Code section 17529.5. The lawsuit seeks monetary relief in the amount of $99,000 jointly and severally against all Defendants along with the costs of the suit. The Company believes the claim has no merit and will actively defend itself. No amounts have been recorded to date for this matter.

NOTE 10 – SUBSEQUENT EVENTS

On May 22, 2016 the Company’s subsidiary commenced sales of finished reed to customers. Based on harvested and processed bundles to the date of this report, the Company anticipates loss on raw harvested reed bundles of approximately 40% so that finished reed sales should consist of approximately 200,000 finished bundles a sales price of between EUR1.50 and EUR 1.60 per bundle.

F-11

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION

FORWARD LOOKING STATEMENTS

Statements made in this Form 10-Q that are not historical or current facts are "forward-looking statements". These statements often can be identified by the use of terms such as "may," "will," "expect," "believe," "anticipate," "estimate," "approximate" or "continue," or the negative thereof. We wish to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Any forward-looking statements represent management's best judgment as to what may occur in the future. However, forward-looking statements are subject to risks, uncertainties and important factors beyond our control that could cause actual results and events to differ materially from historical results of operations and events and those presently anticipated or projected. We disclaim any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statement or to reflect the occurrence of anticipated or unanticipated events.

Overview

We intend for this discussion to provide information that will assist in understanding our financial statements, the changes in certain key items in those financial statements, and the primary factors that accounted for those changes, as well as how certain accounting principles affect our financial statements.

Corporate History

AgriEuro Corp. (formerly known as Artex Corp.) was incorporated on October 24, 2013, under the laws of the State of Nevada to engage in any lawful corporate undertaking, with the specific intended business activity of selling popcorn from mobile carts in Poland.

In addition to a change in control of its management and shareholders, until recently the Registrant's business activities to date have been limited to attempting to implement its business plan, issuing shares and filing a registration statement on Form S-1 pursuant to the Securities Act of 1934.

On June 9, 2015, the Company completed a share exchange with Speed Flyer Limited, a Seychelles corporation (“SFL”), which is the Registrant’s largest shareholder, which at the time of entering into this Agreement held 62.5% of our issued and outstanding shares of common stock, whereby the Registrant issued to SFL 32,000,000 shares in exchange for 97.6% of S.C. Piscicola Tour A.P. Periteasca S.R.L., a Romanian limited liability company (“SRL”). As a result of this transaction, the Company become the majority shareholder of SFL, the officers and directors of SRL, Radu Cosmin Monda, Valer Monda and Eduard George Tipar, became officers and directors of the Company and the Company’s sole officer and director, Guo Chuang Cheng, resigned.

The transaction has been accounted for as a recapitalization of SRL as the majority shareholder of SRL is now majority shareholder of the Company and the Company was a shell company under the 1934 Securities and Exchange Act at the time of the merger.

SRL was incorporated in 2012 in Romania in order to hold certain assets spun out of S.C. Piscicola Tour AP S.R.L. by the former owners. In 2014 SRL commenced operations in the agriculture industry when it commenced farming operations of reeds on its property located outside of Constanta, Romania, pursuant to a concession agreement with the local government that allows SRL to sell the economic products produced on its property. The reeds are sold to SRL’s customers and then processed into insulation used in the construction of residential and commercial structures. In June 2015, SRL commenced aquaculture operations and later in 2015 SRL plans to expand its operations and expects to begin planning for a new Resort on additional property it owns outside of Constanta, Romania within the Danube Delta. Currently, there is no such Resort built in the Danube Delta and, at this time, there is no assurance that the Company will be able to raise the funds necessary to complete the Resort or any of its other planned businesses or that, if completed, they will be successful

Business Overview

SRL intends to further develop the 1,709 hectares of land in owns in the Periteasca - Leahova area, on the administrative territory of Murighiol locality, Tulcea County, between Black Sea, Grindul Lupilor and Lagoon Complex Razim – Sinoe, Romania. Such land is the basis of SRL conducting reed farming, fish farming and constructing then operating a luxury resort property, including a planned complex with bungalows/cabins on the Danube Delta. The property acquired by the predecessor of the Company included significant infrastructure upgrades made in the late 1970’s and 1980’s to facilitate the reed harvest and aquaculture businesses, however, those infrastructure upgrades have not been properly maintained in the past two decades. As part of the 10-year concession agreement entered into in October 2014 with the local government in the Periteasca – Leahova area, the Company may extend its concession agreement a further 5 years if it invests a minimum of approximately $~~508~~490,000 at ~~March~~ 31June 30, 2016 exchange rates into upgrading the current structures on the property on or before October 2017.

RESULTS OF ~~OPERATION~~OPERATIONS

During the year ended December 31, 2015, we commenced realizing revenue for the first time. This revenue was generated entirely by our reed farming business. However, the revenue that we have generated through the date of these financial statements was not sufficient generate net profits for the 2015 year or for the 36 months ended ~~March~~June 3130, 2016. We have therefore continued to incur net losses to date. Our financial statements have been prepared assuming that we will continue as a going concern and, accordingly, do not include adjustments relating to the recoverability and realization of assets and classification of liabilities that might be necessary should we be unable to continue in operation. We expect we will require additional capital to meet our short and long-term operating and expansion requirements. We expect to raise additional capital through, among other things, the sale of equity or debt securities.

Three Month Period Ended ~~March~~June 3130, 2016, compared to Three Month Period Ended ~~March~~June 3130, 2015

Our net loss for the three-month period ended ~~March~~June 3130, 2016 was $8431,~~805~~977 compared to a net loss of $5177,~~218~~396 during the three -month period ended ~~March~~June 3130, 2015. During the three-month periods ending ~~March~~June 3130, 2016 ~~and 2015,~~ we ~~did~~generated ~~not~~gross ~~generate~~profit ~~any~~of ~~revenue~~$27,921 aswith ~~during~~no ~~this~~comparative ~~period~~revenue isin ~~when we cultivate and harvest~~ the ~~reeds~~prior oncomparative ~~our~~three-month ~~property~~period ~~for~~in ~~sale,~~2015. Revenues ~~which~~were ~~generally~~directly ~~occurs~~related ~~beginning~~to in the ~~second~~sale ~~quarter~~ of ~~each calendar year In 2016, we believe we have~~ approximately ~~200~~30,~~000~~200 finished reed bundles, ~~available~~representing ~~for~~approximately ~~sale~~20% ~~beginning~~of inwhat ~~the~~we ~~second~~forecast ~~quarter~~as ~~2016~~total ~~and~~sales ~~depending upon our buyers and whether we contract~~ for ~~and~~fiscal ~~control~~2016 ~~shipment,~~at weprices ~~could expect to receive~~ between Euro 1.40 per bundle with no transportation costs and upwards of Euro 1.60 per bundle if we do contract for shipment of the reeds upon their sale.

During the three-month period ended ~~March~~June 3130, 2016, we incurred general and administrative expenses of $3515,~~646~~826 compared to $3043,~~954~~916 incurred during the three-month period ended ~~March~~June 3130, ~~2016~~2015. The ~~increase~~decrease was primarily the result of ~~increased~~decreased ~~operating~~overhead costs in ~~Romania~~our ~~and~~harvesting ~~also~~operation ~~the~~during ~~result of changes in~~ the ~~foreign~~period ~~exchange~~ended ~~rate~~June ~~between~~30, ~~the new Romanian Leu and the US Dollar~~2016. In addition, we incurred professional fees of $2722,~~105~~250 ~~with~~in nothe ~~comparative~~current ~~costs~~three inmonths ~~the~~ended ~~period~~June ~~ended~~30, ~~March~~2016 31as compared to $13,396 in 2015. The increase to costs related to professional fees was primarily the result of the acquisition of SRL and obligations as a reporting company in the current period.

Six Month Period Ended June 30, 2016, compared to Six Month Period Ended June 30, 2015

Our net loss for the six-month period ended June 30, 2016 was $116,021 compared to a net loss of $128,614 during the six-month period ended June 30, 2015. During the six-month periods ending June 30, 2016 we generated gross profit of $27,921 with no comparative revenue in the prior comparative six-month period in 2015. Revenues were directly related to the sale of approximately 30,200 finished reed bundles, representing approximately 20% of what we forecast as total sales for fiscal 2016 at prices between Euro 1.40 per bundle with no transportation costs and upwards of Euro 1.60 per bundle if we do contract for shipment of the reeds upon their sale.

During the six-month period ended June 30, 2016, we incurred general and administrative expenses of $51,472 compared to $74,870 incurred during the six-month period ended June 30, 2015. The decrease was primarily the result of decreased overhead costs in our harvesting operation during the period ended June 30, 2016. In addition, we incurred professional fees of $49,355 in the current six months ended June 30, 2016 as compared to $13,396 in 2015. The substantive increase to costs related to professional fees was primarily the result of the acquisition of SRL and obligations as a reporting company in the current period.

LIQUIDITY AND CAPITAL RESOURCES

~~Three~~Six Month Period Ended ~~March~~June 3130, 2016

As of ~~March~~June 3130, 2016, our current assets were $~~111~~197,~~517,~~128 compared to $101,279 in current assets at December 31., 2015. AsThe increase is almost entirely attributable to capitalized inventory as the reed harvest was completed as of March 31, 2016 and ready for sale as well as raw bundles remained in inventory at June 30, 2016 with limited inventory on hand as at December 31, 2015. As of June 30, 2016, our current liabilities were $1,~~907~~941,~~210.~~995 Current liabilities were comprised of $90116,~~113~~356 in accounts payable and accrued liabilities and $1,~~817~~796,~~097~~243 in loans from ~~shareholders~~a director and related entities, as well as a further short term note from an arms’ length third party of $29,396. The Company continued to increase its current liabilities as compared to fiscal year end December 31, 2015 as we are unable to meet operational overheads as they come due.

Accumulated deficit increased from $851,058 as of December 31, 2015 to $~~935~~967,~~099~~079 as of ~~March~~June 3130, 2016 due to the aforementioned net loss of $84116,~~805~~021.

For the six months ended June 30, 2016, we used net cash in operations of $83,161 primarily as a result of a net loss from operations as well as increases to inventory and other assets. We used 11,408 of cash related to capital expenditures during the six months ended June 30, 2016.

Net cash provided by financing activities of $85,927 during the six months ended June 30, 2016 was primarily due to advances from a related party of $68,494 and short term advances secured by note of $29,136, offset by principal payments on borrowings of $11,703.

As noted above, we are currently dependent upon receiving loans from our shareholders. In addition, as noted above, we began selling our reed harvest in the second quarter of 2016, which will provide us significant liquidity through the remainder of 2016, but will not provide 100% of the liquidity we need to operate profitably. We expect to raise additional capital to continue moving the Company towards profitability.

OFF-BALANCE SHEET ARRANGEMENTS

As of the date of this Quarterly Report, 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 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

No report required.

ITEM 4. CONTROLS AND PROCEDURES

Our management is responsible for establishing and maintaining a system of disclosure controls and procedures (as defined in Rule 13a-15(e) and 15d-15(e) under the Exchange Act) that is designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the Commission’s rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by an issuer in the reports that it files or submits under the Exchange Act is accumulated and communicated to the issuer’s management, including its principal executive officer or officers and principal financial officer or officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.

An evaluation was conducted under the supervision and with the participation of our management of the effectiveness of the design and operation of our disclosure controls and procedures as of ~~March~~June 3130, 2016. Based on that evaluation, our management concluded that our disclosure controls and procedures were not effective as of such date to ensure that information required to be disclosed in the reports that we file or submit under the Exchange Act, is recorded, processed, summarized and reported within the time periods specified in SEC rules and forms. Such officer also confirmed that there was no change in our internal control over financial reporting during the three-month period ended ~~March~~June 3130, 2016 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

PART II. OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

The description of the legal proceeding described in Part I, Item 3, Legal Proceedings, in our Annual Report on Form 10-K for the year ended December 31, 2015 is incorporated herein by this reference.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

No report required.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

No report required.

ITEM 4. MINE SAFETY DISCLOSURES

No report required.

ITEM 5. OTHER INFORMATION

No report required.

ITEM 6. EXHIBITS

Exhibits:

31.1 Certification of Chief Executive Officer and Chief Financial Officer pursuant to Securities Exchange Act of 1934 Rule 13a-14(a) or 15d-14(a).

32.1 Certification pursuant to Securities Exchange Act of 1934 Rule 13a-14(b) or 15d-14(b) and 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes- Oxley Act of 2002.

101 Interactive data files pursuant to Rule 405 of Regulation S-T.

SIGNATURES

In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	AgriEuro Corp.
	AGRIEURO CORP.
Dated: July 22, 2016	By: /s/ RADU COSMIN MONDA
Date: August 22, 2016	By:	/s/RADU COSMIN MONDA
	Radu Cosmin Monda, Chief Executive Officer and Chief Financial Officer
		Radu Cosmin Monda
		Chief Executive Officer and Chief Financial Officer

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