UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 10-Q

S	QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
		For the quarterly period ended	March 31, 2015

*	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
		For the transition period from ____________ to ____________

Commission file number 001-55162
________________________

CorGreen Technologies Holding Corporation (Exact name of registrant as specified in its charter)

Nevada (State or other jurisdiction of incorporation or organization)	45-2898817 (I.R.S. Employer Identification No.)

9891 Irvine Center Drive Suite 200, Irvine, California 92618 (Address of principal executive offices, including zip code)

(855) 587-4249 (Registrant's telephone number, including area code)
Gold Ridge Resources, Inc. (Former name, former address and former fiscal year, if changed since last report)

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes ☒ No☐

Indicate by check mark whether the registrant has submitted electronically 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☐ 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 definition of "large accelerated filer," "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act. (Check one):

Large Accelerated Filer ☐

Accelerated Filer ☐

Non-Accelerated Filer☐

Smaller reporting company☒

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

Yes ☐ No☒

27,087,500 shares of the registrant's common stock, $.001 par value per share, were outstanding as of October 23, 2015.

CorGreen Technologies Holding Corporation

FORM 10-Q

For The Nine Month Period Ended March 31, 2015

INDEX

		Page
		Number
Part I	Financial Information	3

ITEM 1.	Financial Statements:	3

	Condensed Consolidated Balance Sheets March 31, 2015 (unaudited) and June 30, 2014	3

	Unaudited Condensed Consolidated Statements of Operations Three and Nine Months Ended March 31, 2015 and 2014	4

	Unaudited Condensed Consolidated Statements of Cash Flows Nine Months Ended March 31, 2015 and 2014	5

	Notes to Unaudited Condensed Consolidated Financial Statements	6

ITEM 2.	Management's Discussion and Analysis of Financial Condition and Results of Operations	13

ITEM 3.	Quantitative and Qualitative Disclosures About Market Risk	15

ITEM 4.	Controls and Procedures	15

Part II.	Other Information	16

ITEM 1.	Legal Proceedings	16

ITEM 2.	Unregistered Sales of Equity Securities and Use of Proceeds	16

ITEM 6.	Exhibits	16

	Signatures	18

Index

PART I - FINANCIAL INFORMATION

ITEM 1. Financial Statements

CORGREEN TECHNOLOGIES CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEETS

	March 31,			June 30,
	2015			2014
	(Unaudited)
Assets
Current Assets:
Cash & cash equivalents	$	6		$	3,111
Accounts receivable, net		-			280
Inventory		102,358			57,258
Deposits		6,558			-
Note receivable		50,000			-
Residential property for sale		1,798,711			1,657,326
Receivables from property sales		545,000			545,000
Total Current Assets		2,502,633			2,262,975
Property & Equipment, net		422,224			378,636
Total Assets	$	2,924,857			2,641,611

Liabilities & Stockholders' Equity (Deficit)
Current Liabilities
Accounts Payable and Accrued Liabilities	$	68,067		$	9,341
Mortgages on properties		1,792,715			1,792,715
Due to shareholder		372,454			298,247
Deferred Revenue		99,315			-
Note Payable		2,000			-
Convertible notes payable		783,019			-
Total Liabilities		3,117,570			2,100,303
Stockholders' Equity (Deficit)
Common Stock, $.001 par value, 100,000,000 shares authorized, 27,087,500 and 16,450,000 shares issued and outstanding, respectively		27,088			16,450
Additional Paid-In Capital		52,912			(11,450	)
Retained Earnings (Accumulated Deficit)		(272,713	)		536,308
Total Stockholders' Equity (Deficit)		(192,713	)		541,308
Total Liabilities & Stockholders' Equity (Deficit)	$	2,924,857		$	2,641,611

See accompanying notes to condensed consolidated financial statements.

Index

CORGREEN TECHNOLOGIES CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)

	Three Months Ended March 31						Nine Months Ended March 31,
	2015			2014			2015			2014

Revenues	$	-		$	250,280		$	72,173		$	1,758,736
Cost of Sales		-			37,994			18,979			637,713
Gross Profit		-			212,286			53,194			1,121,023
Operating Expenses
Advertising, promotional and selling		-			9,485			9,814			40,566
Contract labor		15,225			17,050			47,220			92,221
General and administrative		167			20,102			669,437			211,232
Depreciation		14,548			11,158			41,036			33,673
Total Operating Expenses		29,940			57,795			767,507			377,692
Operating Income (Loss)		( 29,940	)		154,491			(714,313	)		743,331
Other Income (Expense)
Interest income		-			-			4,002			-
Interest expense		(88,526	)		(11,925	)		(98,710	)		(32,932	)
Total Other Expenses		88,526			11,925			94,708			32,932
Net Income (Loss)	$	(118,466	)	$	142,566		$	(809,021	)	$	710,399

Net Income (loss) per Common Share - Basic and Diluted	$	(0.00	)	$	0.01		$	(0.03	)	$	0.04

Weighted-average number of Common Shares Outstanding - Basic and Diluted		27,075,137			16,450,000			26,436,364			16,450,000

See accompanying notes to condensed consolidated financial statements.

Index

CORGREEN TECHNOLOGIES CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
	Nine Months Ended March 31,
	2015			2014
Cash flows from operating activities:
Net Income (Loss)	$	(809,021	)	$	710,399
Adjustments to reconcile net income (net loss) to net cash
(used in) provided by operating activities:
Depreciation		41,036			33,673
Changes in operating assets and liabilities:
Accounts Receivable		280			11,420
Inventory		(45,100	)		19,885
Deferred Revenue		99,315			(250,000	)
Advances and prepaid expenses		(6,558	)		-
Purchase of Residential Property for Sale		0			(1,613,066	)
Due to Shareholder		(67,178	)		(218,535	)
Accounts Payable		58,726			9,341
Net cash provided (used) by operating activities		(728,500	)		(1,296,883	)
Cash flows from investing activities:
Increase in Short-term Note Payable		(50,000	)		(545,000	)
Purchase of Property & Equipment		(84,624	)		(931	)
Net cash provided by investing activities		(134,624	)		(545,931	)
Cash flows from financing activities:
Proceeds for convertible note payable		783,019			-
Proceeds from common stock issued for cash		75,000			-
Proceeds from notes payable		2,000			1,792,715
Net cash used in financing activities		860,019			1,792,715
Change in cash and cash equivalents		(3,105	)		(50,099	)
Cash and cash equivalents at beginning of period		3,111			2,592
Cash and cash equivalents at end of period	$	6		$	(47,506	)

Supplemental disclosure of cash flow information:
Interest paid	$	98,711		$	32,932
Non Cash investing and Financing Activities: Additions to property and equipment funded with related party payables		141,385			-

See accompanying notes to condensed consolidated financial statements.

Index

CORGREEN TCHNOLOGIES HOLDING CORPORATION

Notes to Condensed Consolidated Financial Statements

As of March 31, 2015

NOTE A – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The Company's accounting policies are those specific accounting principles and the methods of applying those principles that have been judged by Management to be the most appropriate in the circumstances to present fairly the financial position, cash flows and results of operations in accordance with generally accepted accounting principles in the United States of America and that have been adopted for preparing the consolidated financial statements.

Basis of Presentation

The financial statements are presented on the accrual basis of accounting and the Company reports its income on a calendar year basis and are prepared in accordance with accounting principles generally accepted in the United States of America (GAAP). Consistent with historical reporting, the Company's financial statements are presented in accordance with accounting and financial reporting standards and Accounting Standard Codifications (ASC) promulgated by the Financial Accounting Standards Board (FASB).

Interim Financial Statements

The accompanying consolidated financial statements have been prepared by the Company without audit. In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations, and cash flows at March 31, 2015, and for all periods presented herein have been made.

Certain information and footnote disclosures normally included in consolidated financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. It is suggested that these condensed financial statements be read in conjunction with the consolidated financial statements and notes thereto included in the Company's June 30, 2015 audited consolidated financial statements. The results of operations for the periods ended March 31, 2015 and 2014 are not necessarily indicative of the operating results for the full years.

Principles of Consolidation

The accompanying consolidated financial statements include the results of the Company and its four operating Subsidiaries: SFS, S4H, GMTFY and 3 Lids. All significant intercompany balances and transactions have been eliminated in consolidation.

Risk and Uncertainties

Factors that could affect the Company's future operating results and cause actual results to vary materially from expectations include, but are not limited to, lower than anticipated growth from existing and yet to be determined competition, an inability to control expenses, technology changes, the impact of the application of and/or changes in accounting principles, undue pressure upon the financial services industry to provide adequate business resources, changes in regulatory requirements and national, state and local laws and their enforcement, and uncertain economic conditions. Negative developments in these or other risk factors could have a material adverse effect on the Company's financial position, results of operations and cash flows.

Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles ("GAAP") in the United States 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 of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. On an ongoing basis, the Company evaluates its estimates, including those related to inventory, property and equipment, fair values of real property, contingencies and related party receivables or payables. Management's estimates are based on historical experience and on other assumptions that are believed to be reasonable, the results of which form the basis of making judgments about the carrying values of assets and liabilities.

Cash and Cash Equivalents

Cash and cash equivalents at March 31, 2015 and June 30, 2014, included cash on-hand. Cash equivalents are considered all accounts with a maturity date within 90 days.

Accounts Receivable

Accounts Receivable are stated at the amount Management expects to collect from the balances outstanding at year-end. When estimating the allowance for doubtful accounts, the Company takes into consideration such factors as its day-to-day knowledge of the financial position of specific clients, the industry and size of its clients, the overall composition of its accounts receivable aging, prior history with specific customers of accounts receivable write-offs and prior experience of allowances in proportion to the overall receivable balance. The Company has recorded $-0- in allowance for doubtful accounts and receivables from property sales of March 31, 2015 and December 31, 2014, respectively.

Inventories

Inventories consist of raw materials, work in process and finished goods. The cost elements of work in process and finished goods inventory consist of raw materials and direct assembly labor. Inventory is stated at lower of cost or market, with cost being determined on average cost basis. Obsolete inventory is written off to cost of goods sold when deemed useless.

Basic and Diluted Earnings per Share

The computation of basic loss per share of common stock is based on the weighted average number of shares outstanding during the periods presented. The computation of fully diluted loss per share includes common stock equivalents outstanding at the balance sheet date. The Company had no common stock equivalents that would have been included in the fully diluted loss per share for the six month periods ended June 30, 2015 and 2014, respectively.

Index

Residential Property Held for Sale

Real estate held for sale is stated at the lower of cost or fair value less costs to sell. The cost of real estate held for sale includes acquisition, development, construction and carrying costs, and other related costs through the development stage. Real estate under development and land available for development are stated at cost. Real estate held for investment is stated at cost, less accumulated depreciation. The Company capitalizes interest on funds used in developing properties from the date of initiation of development activities through the date the property is substantially complete and ready for sale or lease. Common costs are allocated based on the relative fair value of individual land parcels. Certain carrying costs are capitalized on properties currently under active development. The Company capitalizes improvements that increase the value of properties and have useful lives greater than one year. Costs related to repairs and maintenance are charged to expense as incurred.

The Company performs an impairment test when events or circumstances indicate that an asset's carrying amount may not be recoverable. Events or circumstances that the Company considers indicators of impairment include significant decreases in market values, adverse changes in regulatory requirements (including environmental laws), significant budget overruns for properties under development, and current period or projected operating cash flow losses from rental properties. Measurement of the impairment loss is based on the fair value of the asset. Generally, the Company determines fair value using valuation techniques such as discounted expected future cash flows. Impairment tests for properties held for sale involve management estimates of fair value based on estimated market values for similar properties in similar locations and management estimates of costs to sell. If estimated fair value less costs to sell is less than the related carrying amount, then a reduction of the carrying amount of the asset to fair value less costs to sell is required.

The Company recorded no impairment charges for the twelve months ended June 30, 2014 or the nine months ended March 31, 2015.

Cost of Property Sales. Cost of sales includes the cost of real estate sold as well as costs directly attributable to the properties sold such as marketing, maintenance and property taxes. Cost of sales also includes operating costs and depreciation for properties held for investment and municipal utility district reimbursements.

Revenue Recognition

Property Sales. Revenues from property sales are recognized when the risks and rewards of ownership are transferred to the buyer, when the consideration received can be reasonably determined and when the Company has completed its obligations to perform certain supplementary development activities, if any exist, at the time of the sale. Consideration is reasonably determined and considered likely of collection when the Company has signed sales agreements and has determined that the buyer has demonstrated a commitment to pay. The buyer's commitment to pay is supported by the level of their initial investment, the Company's assessment of the buyer's credit standing and the Company's assessment of whether the buyer's stake in the property is sufficient to motivate the buyer to honor their obligation to pay.

Rental Income. The Company recognizes its rental income based on the terms of its signed leases with tenants on a straight-line basis. Recoveries from tenants for taxes, insurance and other commercial property operating expenses are recognized as revenues in the period the related costs are incurred. The Company recognizes sales commissions and management and development fees when earned, as properties are sold or when the services are performed.

Product Sales. The Company records revenue from the sale of its vitamin spray product when the goods are delivered to customers, the rights of ownership have transferred from the Company to the customer and when assurance of collection within a reasonable period of time is determined.

New Accounting Pronouncements

The Company's management has considered all recent accounting pronouncements. Management believes that these recent pronouncements will not have a material effect on the Company's financial statements.

Index

NOTE B – INVENTORY

Inventory consists of raw materials, work in process and finished goods for S4H's "Pure Spray" product line. The Company purchases raw materials and assembles the finished product. The cost elements of work in process and finished goods inventory consist of raw materials and direct labor.

Inventories consisted of the following as of as of March 31, 2015 and June 30, 2014:

	March 31, 2015		June 30, 2014

Raw materials	$	62,220	$	21,120
Work-in-process		-		-
Finished goods		40,138		36,138
Total inventory	$	102,358	$	57,258

NOTE C – SHORT-TERM NOTE RECEIVABLE

The Company has advanced a short-term receivable of $50,000 to a trade associate with a stated interest rate of 8% per annum, all due and payable by April 1, 2015. The $50,000 has not been paid.

NOTE D – RECEIVABLE FROM PROPERTY SALES

On December 22, 2013 the Company sold a property located at 6248 E. Hillcrest Blvd. in Scottsdale, Arizona for $1,195,000 and took back an installment note for $595,000, with all interest (8 percent) and principal due on or before December 20, 2014, and a deferred payment of $191,327 until February 2014. The balance due in notes receivable was $545,000 as of December 31, 2014 and March 31, 2015.

NOTE E – RESIDENTIAL PROPERTY HELD FOR SALE

The Company acquires real property to improve and sell for profit. Interim, short-term financing, with interest only payments, finance the holding period. The following schedule summarizes the costs of the Company's property purchases, improvements, and carrying costs during the nine month period ended March 31, 2015, and the twelve month period ended June 30, 2014:

	March 31, 2015		June 30, 2014

Beginning balance of properties held for sale	$	1,657,326	$	13,949
Property purchases		-		1,939,577
Improvements and carrying costs		141,385-		286,399
Materials and supplies		-		9,577
Cost of properties held for sale		1,798,711		2,249,502
Less: cost of properties sold		-		(592,176	)
Ending balance of properties held for sale	$	1,798,711	$	1,657,326

Interest paid included in carrying costs was $141,385 for the nine months ended March 31, 2015, and $151,503 for the twelve months ended June 30, 2014, respectively.

Index

NOTE F – PROPERTY AND EQUIPMENT

Property and equipment consisted of the following as of March 31, 2015 and June 30, 2014:

	March 31, 2015			June 30, 2014

Office building	$	300,000		$	300,000
Extraction equipment		143,235			130,911
Packaging and filling equipment		8,281			8,281
Office equipment and furniture		6,874			6,874
Vehicles		72,000			-
Total property and equipment		530,690			446,066
Less: accumulated depreciation		(108,466	)		(67,430	)
Property and equipment, net	$	422,224		$	378,636

Depreciation expense was $41,036 for the nine months ended March 31, 2015 and $33,673 for the nine months ended March 31, 2014.

NOTE G – DUE TO/FROM SHAREHOLDER

The Company received advances or had expenditures made on the Company's behalf by a Company officer and shareholder for operating expenses and property and equipment purchases. These amounts do not bear interest or have a maturity date. During the twelve months ended June 30, 2014, the Company had a beginning balance due to shareholders of $450,722, received $689,333 in cash and expenses, and repaid $841,807 in cash, leaving an ending balance due to shareholders of $298,247. During the nine months ended March 31, 2015, the Company received $307,324 in cash and expenses, and repaid $233,117, leaving an ending balance due from shareholders of $372,454.

NOTE H – LEASE COMMITMENTS

The Company had an equipment lease commitment on an office copier through December 31, 2013, when it was cancelled. Equipment lease expense was $-0- and $2,827 for the nine months ended March 31, 2015 and March 31, 2014, respectively.

NOTE I – CONVERTIBLE NOTES PAYABLE

During the period ended March 31, 2015, the Company executed convertible notes payable with various individuals and entities. The combined principal balance of the notes is $783,019, accrued interest is $28,727, the notes are unsecured, bear interest at ten percent per annum, and have maturity dates ranging from December 2014 to March 2015. The notes are automatically converted into common stock of the Company in the event a private investment in public equity ("PIPE") is consummated at an amount of $800,000 or more. The conversion price in the event of the consummation of a qualifying PIPE is the lesser of $1.00 or 66.7% of the per share purchase price of the securities offered in the price of the securities offered in the PIPE.

NOTE J – MORTGAGES ON PROPERTIES

The Company acquires real property to improve and sell for profit using interim, short-term, renewable financing, with interest only payments, to bridge holding periods until sale. The Company had four mortgage loans outstanding with a total balance due of $1,792,715 at June 30, 2014.

As of March 31, 2015 and June 30, 2014 the Company's mortgages on properties consisted of the following:

Index

Property Address	Loan Amount		Interest Rate			Origination Date	Maturity Date	March 31, 2015		June 30, 2014
1335 N. Greenfield Mesa, AZ	$	300,000		15.9	%	6/28/2013	7/1/2014	$	300,000	$	300,000
5815 N. 25^th Street Phoenix, AZ		900,000		14.0	%	9/6/2013	10/9/2014		900,000		900,000
2219 E. Mallard Court Gilbert, AZ		245,000		17.0	%	10/1/2013	9/30/2014		245,000		245,000
618 Windsor Street Santa Cruz, CA		347,715		6.0	%	12/4/2013	6/4/2014		347,715		347,715
Totals (weighted-average)	$	1,792,715		13.2	%			$	1,792,715	$	1,792,715

Index

Interest paid on the above loans was $177,160 and $167,583 for the nine months ended March 31, 2015 and March 31, 2014 respectively.

NOTE K – SEGMENT INFORMATION

The Company is organized into four operating subsidiaries which each provide unique services. Revenues recorded by GMTFY are for equipment rentals, by S4H are for product sales and by SFS are for property sales, transaction fees and property leasing. There was no activity recorded by 3 Lids.

Results of the segments are as follows:

Three months ended March 31, 2015	GMTFY			S4H		SFS			Corgreen			Total

Revenues		-		-			-			-			-
Cost of Sales		-		-			-			-			-
Gross Profit		-		-			-			-			-
Operating Expenses		6,626		3,379			5,728			14,207			29,940
Interest Income		-		-			-			0			0
Interest Expense		-		-			11,925			35,429			47,354
Net Income (Loss)		( 6,626	)	( 3,379	)		( 17,653	)		( 49,636	)		( 77,294	)

Cash		( 80	)	( 80	)		( 11	)		177			6
Accounts Receivable		-		-			-			-			-
Inventory		-		57,258			-			45,100			102,358
Deposits and Employee Advances		-		-			-			6,558			6,558
Residental Properties Held for Sale		-		-			1,798,711			-			1,798,711
Receivables from Property Sales		-		-			545,000			50,000			595,000
Property and Equipment, net		62,493		5,208			255,081			99,442			422,224
Total Assets		62,413		62,386			2,598,781			201,277			2,924,857

Three months ended March 31, 2014	GMTFY			S4H	SFS			Corgreen		Total

Revenues		-		250,280		-			-		250,280
Cost of Sales		-		37,865		129			-		37,994
Gross Profit		-		212,415		( 129	)		-		212,286
Operating Expenses		16,189		18,547		23,059			-		57,795
Interest Income		-		-		-			-		-
Interest Expense		-		-		11,925			-		11,925
Net Income (Loss)		( 16,189	)	193,868		( 35,112	)		-		142,566

Cash		( 1,394	)	1,848		2,690			-		3,145
Accounts Receivable		-		280		-			-		280
Inventory		-		61,217		-			-		61,217
Deposits and Employee Advances		-		-		-			-		-
Residental Properties Held for Sale		-		-		1,615,315			-		1,615,315
Receivables from Property Sales		-		-		545,000			-		545,000
Property and Equipment, net		88,675		6,864		294,255			-		389,795
Total Assets		87,282		70,210		2,457,260			-		2,614,752

Nine months ended March 31, 2015	GMTFY			S4H		SFS			Corgreen			Total

Revenues		-		8,615			9,558			54,000			72,173
Cost of Sales		-		610			51			18,318			18,979
Gross Profit		-		8,005			9,507			35,682			53,194
Operating Expenses		23,716		6,181			18,217			719,393			767,507
Interest Income		-		0			2,000			2,002			4,002
Interest Expense		-		-			35,775			62,935			98,710
Net Income (Loss)		( 23,716	)	1,824			( 42,485	)		( 744,644	)		( 809,021	)

Cash		( 80	)	( 80	)		( 11	)		177			6
Accounts Receivable		-		-			-			-			-
Inventory		-		57,258			-			45,100			102,358
Deposits and Employee Advances		-		-			-			6,558			6,558
Residental Properties Held for Sale		-		-			1,798,711			-			1,798,711
Receivables from Property Sales		-		-			545,000			50,000			595,000
Property and Equipment, net		62,493		5,208			255,081			99,442			422,224
Total Assets		62,413		62,386			2,598,781			201,277			2,924,857

Index

Nine months ended March 31, 2014	GMTFY			S4H	SFS		Corgreen		Total

Revenues		( 19,600	)	256,840		1,521,496		-		1,758,736
Cost of Sales		-		46,859		590,854		-		637,713
Gross Profit		( 19,600	)	209,981		930,642		-		1,121,023
Operating Expenses		50,580		121,831		205,280		-		377,692
Interest Income		-		-		0		-		0
Interest Expense		-		-		32,932		-		32,932
Net Income (Loss)		( 70,180	)	88,150		692,430		-		710,399

Cash		( 1,394	)	1,848		2,690		-		3,145
Accounts Receivable		-		280		-		-		280
Inventory		-		61,217		-		-		61,217
Deposits and Employee Advances		-		-		-		-		-
Residental Properties Held for Sale		-		-		1,615,315		-		1,615,315
Receivables from Property Sales		-		-		545,000		-		545,000
Property and Equipment, net		88,675		6,864		294,255		-		389,795
Total Assets		87,282		70,210		2,457,260		-		2,614,752

NOTE L – COMMON STOCK

The Company is authorized to issue up to 100,000,000 shares of common stock (par value $0.001).

On July 15, 2014, Gold Ridge Resouces, Inc. ("GDGR") closed a share exchange agreement with CorGreen Technologies Corporation ("CGTC") and the shareholders of CGTC. As a result of the exchange transaction, the CGTC shareholders acquired 18,562,500 (68.7 percent) of the 27,012,500 issued and outstanding common stock of GDGR.

As of March 31, 2015 and June 30, 2014, 27,087,500 and 16,450,000 shares of common stock are issued and outstanding, respectively.

The Company issued 75,000 shares of common stock for $75,000 cash on January 15, 2015.

NOTE M – SUBSEQUENT EVENTS

FASB ASC 855 is effective for periods ending after June 15, 2009, and establishes general standards of accounting for and disclosure of subsequent events that occur after the balance sheet date. The Management has evaluated subsequent events through the date of issuance, October 23, 2015, and has no subsequent events to report.

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

The following discussion regarding the Company should read along with our financial statements and related notes included in this quarterly report. This quarterly report, including the following discussion, contains forward-looking statements that are subject to risks, uncertainties and assumptions. Our actual results, performance and achievements in 2015 and beyond may differ materially from those expressed in, or implied by, these forward-looking statements. See Cautionary Note Regarding Forward-Looking Statements.

Results of Operations for the Three and Nine Months Ended March 31, 2015, and 2014

Revenue

Revenues decreased $250,280 (100%) from $250,280 for the quarter ended March 31, 2014, to $-0- for the quarter ended March 31, 2015. The revenues for the quarter ended March 31, 2014, relate primarily to sales of the Company's vitamin spray product. No sales of the vitamin spray product due to entry of barrier into the mass markets.

Revenues decreased $1,686,563 (96%) from $1,758,736 for the nine months ended March 31, 2014, to $72,173 for the nine months ended March 31, 2015. The revenues for the nine months ended March 31, 2014, relate primarily to sales of properties held for sale. There were no such sales of properties in the current period. The sales recorded in the current period of $72,173 relate to sales of the Company's vitamin spray product.

Expenses

For the quarter ended March 31, 2015, we incurred operating expenses in the amount of $29,940 as compared to $57,795 for the quarter ended March 31, 2014, a decrease of $27,855 (48%).

For the nine months ended March 31, 2015, we incurred operating expenses in the amount of $767,507 as compared to $377,692 for the nine months ended March 31, 2014, an increase of $389,815 (103%). This is due principally to an increase in payroll expense incurred before the current quarter utilizing funds from the convertible note issuance, as the Company began to implement new business plan strategies related to consulting opportunities in the cannabis and medical marijuana industries.

Net Loss

Our net income decreased by $261,031 (183%) from a net profit of $142,566 for the quarter ended March 31, 2014, to a net loss of $118,465 for the quarter ended March 31, 2015, due to the decreases in revenue and expenses noted above.

Our net income decreased by $1,519,42 (214%) from a net profit of $710,399 for the nine months ended March 31, 2014, to a net loss of $809,021 for the nine months ended March 31, 2015, due to the decreases in revenue and increases in expenses noted above.

Other Income & Expense

No interest income was received in the three or nine months ended March 31, 2015, or March 31, 2014.

For the nine months ended March 31, 2015, $4,002 of interest income was received on notes receivable and savings accounts. No interest was earned in the nine months ended June 30, 2015 and 2014.

Interest expense increased $76,601 (642%), from $11,925 for the three months ended June 30, 2014, to $88,526 for the three months ended March 31, 2015. This is due to interest accrued on convertible notes payable that were issued in July 2014.

For the nine months ended June 30, 2015, we incurred $98,711 of interest expense, an increase of $65,779 (200%) from the $32,932 of interest expense incurred during the nine months ended March 31, 2014. This is also due to interest accrued on convertible notes payable that were issued in July 2014.

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Liquidity and Capital Resources

As of March 31, 2015, we had a working capital deficit of $614,937 which represents a decrease from a working capital surplus of $162,672, a decrease of $777,609 or 478%. The decrease is related to an issuance of convertible notes payable, and the subsequent use of such proceeds to fund additional expenses incurred in connection with the Company's focus in the Marijuana change in business strategy.

A component of our operating plan impacting our expansion is the ability to obtain additional capital through additional equity and/or debt financing for purposes of future product development and the expansion of our manufacturing facilities. Additionally, we anticipate obtaining additional financing to fund acquisitions through common stock offerings and bank borrowings, to the extent available, or to obtain additional financing to the extent necessary to augment our working capital. In the event we cannot obtain the necessary capital to pursue our strategic plan, we may have to pursue other avenues.

Cautionary Note Regarding Forward-Looking Statements

Our disclosure and analysis in this report, including Management's Discussion and Analysis of Financial Condition and Results of Operations contains "forward-looking" information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, adopted pursuant to the Private Securities Litigation Reform Act of 1995. Statements that are not purely historical may be forward-looking. You can identify these forward-looking statements by the use of words such as "anticipate," "believe," "estimate," "expect," "hope," "intend," "may," "project," "plan," "goal," "target,' "should," and similar expressions, including when used in the negative.

Forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual results to differ materially from those indicated in these statements, including but not limited to those described in our Annual Report on Form 10-K filed with the Securities and Exchange Commission under "Part I, Item 1A—Risk Factors."

All forward-looking statements in this report should be considered in the context of the risk and other factors described above and as detailed from time to time in the Company's Securities and Exchange Commission filings. Any forward-looking statements speak only as of the date the statement is made and we undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. It is not possible to identify all of the risks, uncertainties and other factors that may affect future results. In light of these risks and uncertainties, the forward-looking events and circumstances discussed in this report may not occur and actual results could differ materially from those anticipated or implied in the forward-looking statements. Accordingly, users of this report are cautioned not to place undue reliance on the forward-looking statements.

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Except as otherwise required by federal securities laws, we do not undertake any obligation to publicly update, review or revise any forward-looking statements, whether as a result of new information, future events, changed circumstances or any other reason.

ITEM 3. Quantitative and Qualitative Disclosures About Market Risk

Not applicable.

ITEM 4. Controls and Procedures

Evaluation of Disclosure Controls and Procedures

We conducted an evaluation, with the participation of our Chief Executive Officer and Chief Financial Officer, of the effectiveness of the design and operation of our disclosure controls and procedures, as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended, or the Exchange Act, as of March 31, 2015, to ensure that information required to be disclosed by us in the reports filed or submitted by us under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the Securities Exchange Commission's rules and forms, including to ensure that information required to be disclosed by us in the reports filed or submitted by us under the Exchange Act is accumulated and communicated to our management, including our principal executive and principal financial officer, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure. Based on that evaluation, our Chief Executive Officer and Chief Financial Officer have concluded that as of March 31, 2015, our disclosure controls and procedures were not effective at the reasonable assurance level due to the following three material weaknesses:

We do not have written documentation of our internal control policies and procedures. Written documentation of key internal controls over financial reporting is a requirement of Section 404 of the Sarbanes-Oxley Act as of the year ending June 30, 2014. Management evaluated the impact of our failure to have written documentation of our internal controls and procedures on our assessment of our disclosure controls and procedures and has concluded that the control deficiency that resulted represented a material weakness.

We do not have sufficient segregation of duties within accounting functions, which is a basic internal control. Due to our size and nature, segregation of all conflicting duties may not always be possible and may not be economically feasible. However, to the extent possible, the initiation of transactions, the custody of assets and the recording of transactions should be performed by separate individuals. Management evaluated the impact of our failure to have segregation of duties on our assessment of our disclosure controls and procedures and has concluded that the control deficiency that resulted represented a material weakness.

Effective controls over the control environment were not maintained. Specifically, a formally adopted written code of business conduct and ethics that governs our employees, officers, and directors was not in place. Additionally, management has not developed and effectively communicated to employees its accounting policies and procedures. This has resulted in inconsistent practices. Further, our Board of Directors does not currently have any independent members and no director qualifies as an audit committee financial expert as defined in Item 407(d)(5)(ii) of Regulation S-K. Since these entity level programs have a pervasive effect across the organization, management has determined that these circumstances constitute a material weakness.

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To address these material weaknesses, management performed additional analyses and other procedures to ensure that the financial statements included herein fairly present, in all material respects, our financial position, results of operations and cash flows for the periods presented. Accordingly, we believe that the financial statements included in this report fairly present, in all material respects, our financial condition, results of operations and cash flows for the periods presented.

Our principal executive officers do not expect that our disclosure controls or internal controls will prevent all error and all fraud. Although our disclosure controls and procedures were designed to provide reasonable assurance of achieving their objectives and our principal executive officers have determined that our disclosure controls and procedures are effective at doing so, a control system, no matter how well conceived and operated, can provide only reasonable, not absolute assurance that the objectives of the system are met. Further, the design of a control system must reflect the fact that there are resource constraints, and the benefits of controls must be considered relative to their costs. Because of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, within the Company have been detected. These inherent limitations include the realities that judgments in decision-making can be faulty, and that breakdowns can occur because of simple error or mistake. Additionally, controls can be circumvented if there exists in an individual a desire to do so. There can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions.

Changes in Internal Controls.

There have not been any changes in our internal control over financial reporting (as defined in Rule 13a-15(f) under the Exchange Act) during the quarter ended March 31, 2015 that have materially affected or are reasonably likely to materially affect our internal control over financial reporting.

PART II. OTHER INFORMATION

ITEM 1. Legal Proceedings.

We currently have no legal proceedings pending nor have any legal proceeding been threatened against us or any of our officers, directors or control persons of which we are aware.

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

The Company issued 75,000 shares of common stock for $75,000 cash on January 15, 2015.

ITEM 6. Exhibits

2.1	Share Exchange Agreement, incorporated by reference to Exhibit 2.1 of our Form 8-K dated July 15, 2014

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2.2	Conveyance Agreement, incorporated by reference to Exhibit 2.1 of our Form 8-K dated July 15, 2014

31.1	Certificate of Chief Executive Officer pursuant to Securities Exchange Act Rules 13a-14(a) and 15d-14(a) as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

31.2	Certificate of Chief Financial Officer pursuant to Securities Exchange Act Rules 13a-14(a) and 15d-14(a) as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

32.1	Certification of the Chief Executive Officer of the Corporation Pursuant to Section 1350 of Chapter 63 of Title 18 of the United States Code Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

32.2	Certification of the Chief Financial Officer of the Corporation Pursuant to Section 1350 of Chapter 63 of Title 18 of the United States Code Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

101

The following financial information from our Quarterly Report on Form 10-Q for the period ended March 31, filed with the SEC on June 26, 2015, formatted in Extensible Business Reporting Language (XBRL): (i) the Consolidated Statement of Income for the three and nine-month periods ended March 31, 2015 and 2014, (ii) the Consolidated Balance Sheet at March 31, 2015 and June 30, 2014, (iii) the Consolidated Statement of Cash Flows for the nine-months ended March 31, 2015 and 2014, and (iv) Notes to Consolidated Financial Statements.*

Pursuant to Rule 406T of Regulation S-T, the XBRL related information in Exhibit 101 to this Quarterly Report on Form 10-Q shall not be deemed to be "filed" for purposes of Section 18 of the Exchange Act, or otherwise subject to the liability of that section, and shall not be deemed part of a registration statement, prospectus or other document filed under the Securities Act or the Exchange Act, except as shall be expressly set forth by specific reference in such filings.

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SIGNATURES

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

	CORGREEN TECHNOLOGIES HOLDING CORPORATION:

Dated: October 23, 2015	By:	/s/ R. Clinton Pyatt
		R. Clinton Pyatt, Chief Executive Officer
		(principal executive officer)



Dated: October 23, 2015	By:	/s/ R. Clinton Pyatt
		R. Clinton Pyatt, Chief Financial Officer
		(principal financial and accounting officer)

CORGREEN TECHNOLOGIES HOLDING Corp 10-Q