UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

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

For the quarterly period ended ~~September~~March 3031, ~~2015~~2016

☐ 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: 001-55180

JISHANYE, INC.

(Exact name of registrant as specified in its charter)

Delaware		46-1992903
(State or other jurisdiction of incorporation or organization)		(IRS Employer Identification No.)

7F., No.247, Minsheng 1st Rd.

Xinxing Dist., Kaohsiung City 800

Taiwan Republic of China

(Address of principal executive offices)

+886 7222 3733

(Registrant’s telephone number, including area code)

Copies to:

Asher S. Levitsky P.C.

Ellenoff Grossman & Schole LLP

1345 Avenue of the Americas; Suite 1100

New York, New York 10105-0302

Check whether the issuer (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the preceding 12 months (or for such shorter period that the issuer 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 filer. See definition of “accelerated filer” and “large accelerated filer” in Rule 12b-2 of the Exchange Act (Check one): Large Accelerated Filer ☐ Non-Accelerated Filer ☐ 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 ☒ As of November 16, 2015, there were 60,300,001 shares of common stock outstanding.

	Large Accelerated Filer ☐ Non-Accelerated Filer ☐
	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 ☒ As of May 16, 2016, there were 60,300,001 shares of common stock issued and outstanding.

TABLE OF CONTENTS

PART I. - FINANCIAL INFORMATION		Page No.
Item 1.	Financial Statements	4
	Condensed Consolidated Balance Sheets as of September 30, 2015 (unaudited) and December 31, 2014	4
	Condensed Consolidated Balance Sheets as of March 31, 2016 (unaudited) and December 31, 2015	5
	Unaudited Condensed Consolidated Statements of Operations and Comprehensive (Loss) for the three and nine months ended September 30, 2015 and 2014	5
	Unaudited Condensed Consolidated Statements of Operations and Comprehensive (Loss) for the three months ended March 31, 2016 and 2015	6
	Unaudited Condensed Consolidated Statements of Cash Flows for the nine months ended September 30, 2015 and 2014	6
	Unaudited Condensed Consolidated Statements of Cash Flows for the three months ended March 31, 2016 and 2015	7
	Notes to Unaudited Condensed Consolidated Financial Statements.	78
Item 2.	Management'’s Discussion and Analysis of Financial Condition and Results of Operations.	1213
Item 3	Quantitative and Qualitative Disclosures About Market Risk.	1416
Item 4	Controls and Procedures.	1416
PART II - OTHER INFORMATION
Item 6	Exhibits	1517
Signatures		1618

Table of Contents

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

This report contains forward-looking statements. ~~regarding~~These ~~our~~statements ~~business,~~involve ~~financial~~known ~~condition,~~and ~~results~~unknown ofrisks, ~~operations~~uncertainties and ~~prospects.~~other ~~Words~~factors ~~such~~which asmay ~~"expects,"~~cause ~~"anticipates,"~~our ~~"intends,"~~actual ~~"plans~~results," ~~"believes,"~~performance ~~"seeks,"~~or ~~"estimates"~~achievements ~~and~~to ~~similar~~be ~~expressions~~materially different from any future results, performance or ~~variations~~achievement ofexpressed ~~such~~or ~~words~~implied ~~are~~by ~~intended~~the toforward-looking ~~identify~~statements. These forward-looking statements, ~~but~~were ~~are~~based ~~not~~on ~~deemed~~various tofactors ~~represent~~and anwere ~~all-inclusive~~derived ~~means~~utilizing ofnumerous ~~identifying~~assumptions ~~forward-looking~~and ~~statements~~other asfactors ~~denoted~~that incould ~~this~~cause ~~report.~~our ~~Additionally,~~actual ~~statements~~results ~~concerning~~to ~~future~~differ ~~matters~~materially ~~are~~from those in the forward-looking statements.

~~Although~~These ~~forward-looking statements in this report reflect the good faith judgment of our management, such statements can only be based on facts and~~ factors ~~currently known by us. Consequently~~include, ~~forward-looking~~but ~~statements~~ are ~~inherently~~not ~~subject~~limited to risks and uncertainties and actual results and outcomes may differ materially from the results and outcomes discussed in or anticipated by the forward-looking statements. Factors that could cause or contribute to such differences in results and outcomes include, ~~without limitation,~~ those specifically addressed under the headings "“Risks Factors"” and "“Management'’s Discussion and Analysis of Financial Condition and Results of Operations"” in our annual report on Form 10-K for the year ended December 31, ~~2014~~2015 and in "“Management'’s Discussion and Analysis of Financial Condition and Results of Operations"” in this Form 10-Q and information contained in other reports that we file with the SEC. ~~You~~Most ~~are~~of ~~urged~~these ~~not~~factors are difficult to ~~place~~predict ~~undue~~accurately ~~reliance~~and onare ~~these~~generally beyond our control. In some cases, you can identify forward-looking statements by terms such as “anticipates,” ~~which~~“believes,” ~~speak~~“could,” “estimates,” “expects,” “intends,” “may,” “plans,” “potential,” “predicts,” “projects,” “should,” “would” and similar expressions intended to identify forward looking statements. You should consider the areas of risk described in connection with any forward-looking statements that may be made herein. Forward-looking statements represent our estimates and assumptions only as of the date of this report. You should read this report and the documents that we reference in this report, or that we filed as exhibits to this report completely and with the understanding that our actual future results may be materially different from what we expect.

We file reports with the SEC. The SEC maintains a website (www.sec.gov) that contains reports, proxy and information statements, and other information regarding issuers that file electronically with the SEC, including us. You can also read and copy any materials we file with the SEC at the SEC'’s Public Reference Room at 100 F Street, NE, Washington, DC 20549. You can obtain additional information about the operation of the Public Reference Room by calling the SEC at 1-800-SEC-0330.

WeExcept ~~undertake~~as required by law, we assume no obligation to ~~revise or~~ update any forward-looking statements inpublicly, ~~order~~or to ~~reflect~~update ~~any event or circumstance that may arise after~~ the ~~date~~reasons ofactual ~~this~~results ~~report,~~could ~~except~~differ asmaterially ~~required~~from bythose ~~law.~~anticipated ~~Readers~~in ~~are~~any ~~urged~~forward-looking ~~to carefully review and consider the various disclosures made throughout the entirety of this quarterly report~~statements, ~~which~~even ~~are~~if ~~designed~~new toinformation ~~advise~~becomes ~~interested~~available ~~parties~~in of the ~~risks and factors that may affect our business, financial condition, results of operations and prospects~~future.

OTHER PERTINENT INFORMATION

References in this report to "“we,"” "“us,"” "“our"” and the "“Company"” and words of like import refer to Jishanye, Inc., and its ~~subsidiary~~subsidiaries unless the context indicates otherwise.

References to Taiwan refer to Taiwan, Republic of China.

~~Our~~References ~~business~~to ~~is conducted in Taiwan using New Taiwanese Dollars ("NTD"),~~ the ~~currency~~PRC ofrefer Taiwan, and our financial statements are presented in United States dollars. We present assets, obligations, commitments and liabilities in our financial statements in U.S. dollars. These dollars references are based on the exchange rate of NTD to ~~U.S. dollars, determined as of a specific date. Changes in~~ the ~~exchange~~People’s ~~rate~~Republic ~~will affect the amount~~ of ~~our obligations and the value of our assets in terms of U~~China.~~S. dollars which may result in an increase or decrease in the amount of our assets and liabilities expressed in U.S. dollars.~~

Our business is conducted in Taiwan using New Taiwanese Dollars (“NTD”), the currency of Taiwan, and our financial statements are presented in United States dollars (“U.S. dollars,” “United States dollar” or “$”). We present assets, obligations, commitments and liabilities in our financial statements in U.S. dollars. These dollars references are based on the exchange rate of NTD to U.S. dollars, determined as of a specific date. Changes in the exchange rate will affect the amount of our obligations and the value of our assets in terms of U.S. dollars which may result in an increase or decrease in the amount of our assets and liabilities expressed in U.S. dollars.

Table of Contents

PART I. FINANCIAL INFORMATION

ITEM	1. FINANCIAL STATEMENTS

Jishanye, Inc. and Subsidiaries

Condensed Consolidated Balance Sheets

	September 30, 2015			December 31, 2014
	March 31, 2016			December 31, 2015
Assets	(Unaudited)
Current assets:
Cash and cash equivalents	$	1,~~016~~070,~~972~~008		$	121,~~387~~041,119
Accounts receivable		1,267			-
Accounts and notes receivable		6,654			1,466
Notes receivable		5,074			-
Inventories		908			4,985
Inventories		1,512			-
Prepaid expenses and other current assets		5,664			10,232
Prepaid expenses and other current assets		2,666			1,664
Total current assets		1,083,234			1,057,802
Assets of discontinued operations		-			870
Rental deposits		11,966			9,696
Total current assets		1,027,491			14,921
Total assets	$	1,095,200		$	1,067,498
Rental deposits		9,664			-
Liabilities and Stockholders’ Equity
Total assets	$	1,037,155		$	14,921
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$	2134,~~961~~201		$	-9,141
Accrued expense and other payables		211,880			108,237
Accrued expenses and other payables		125,231			100,572
Short-term debt - related parties		~~197~~539,~~820~~010			~~158~~455,~~938~~489
Deferred income		24,~~905~~537			-4,247
Liabilities of discontinued operations		-			6,462
Total current liabilities		702,979			569,449
Total liabilities		434,566			273,637
Commitments and contingencies
Stockholders' equity (deficit):
Stockholders’ equity:
Common stock, $0.0001 par value; 100,000,000 shares authorized, 60,300,001 and 12,500,001 shares issued and outstanding as of September 30, 2015 and December 31, 2014, respectively		6,030			1,250
Common stock, $0.0001 par value; 100,000,000 shares authorized, 60,300,001 shares issued and outstanding as of March 31, 2016 and December 31, 2015		6,030			6,030
Additional paid-in capital		1,092,990			981,~~750~~092,990
Accumulated other comprehensive income (loss)		41,~~129~~472			~~(25~~6,391	)
Accumulated deficit		(~~500~~708,~~560~~271	)		(~~358~~607,~~691~~362	)
Total stockholders' equity (deficit)		602,589			(258,716	)
Total stockholders’ equity		392,221			498,049
Total liabilities and stockholders' equity	$	1,037,155		$	14,921
Total liabilities and stockholders’ equity	$	1,095,200		$	1,067,498

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

Table of Contents

Jishanye, Inc. and Subsidiaries

Condensed Consolidated Statements of Operations and Comprehensive (Loss)

(Unaudited)

	Three Months Ended September 30,						Nine Months Ended September 30,
	Three Months Ended March 31,
	2015			2014			2015			2014
	2016			2015
Revenues	$	99176,~~581~~173		$	-		$	~~99,581~~		$	~~16,600~~
Cost of revenues		87125,~~670~~413			-			~~87,670~~			-
Gross profit		1150,~~911~~760			-			~~11,911~~			~~16,600~~
Operating Expenses:
General and administrative		96,800			27,498			153,925			81,092
Selling		19,822			-
Total operating expense		96,800			27,498			153,925			81,092
General and administrative		141,506			38,737
Loss from operations		(84,889	)		(27,498	)		(142,014	)		(64,492	)
Total operating expense		161,328			38,737
Other income (expense):
Loss from operations		(110,568	)		(38,737	)
Interest income		5			-			5			-
Other income (expense):
Other income		124			-			140			107
Interest income		250			-
Loss from sale of property and equipment		-			-			-			(1,551	)
Other income		9,409			-
Total other income (expense)		~~129~~9,659			-			~~145~~			~~(1,444~~	)
Loss before tax and discontinued operation		(84,760	)		(27,498	)		(141,869	)		(65,936	)
Loss before tax		(100,909	)		(38,737	)
Income taxes		-			-			-			-
Loss from continuing operations, net of taxes		(84,760	)		(27,498	)		(141,869	)		(65,936	)
Net loss		(100,909	)		(38,737	)
Loss from discontinued operations, net of taxes		-			(6,346	)		-			(22,151	)
Other comprehensive income (loss)
Net loss		(84,760	)		(33,844	)		(141,869	)		(88,087	)
Foreign currency translation loss		(4,919	)		(91	)
Other comprehensive income (loss)
Total comprehensive loss	$	(105,828	)	$	(38,828	)
Foreign currency translation gain (loss)		4,069			(483	)		4,154			(386	)
Weighted average number of shares outstanding:
Total comprehensive loss	$	(80,691	)	$	(34,327	)	$	(137,715	)	$	(88,473	)
Basic and diluted		60,300,001			12,500,001
Weighted average number of shares outstanding:
Loss per share
Basic and diluted		~~60,300,001~~(0.00	)		~~12,500,001~~(0.00	)		~~32,285,349~~			~~12,500,001~~
Loss per share: Basic and diluted
From continuing operations	$	(0.00	)	$	(0.00	)	$	(0.00	)	$	(0.01	)
From discontinued operations		(0.00	)		(0.00	)		(0.00	)		(0.00	)
Basic and diluted		(0.00	)		(0.00	)		(0.00	)		(0.01	)

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

Table of Contents

Jishanye, Inc. and Subsidiaries

Condensed Consolidated Statements of Cash Flows

(Unaudited)

	Nine Months Ended September 30,
	Three Months Ended March 31,
	2015			2014
	2016			2015
Cash flows from operating activities
Net loss	$	(~~141~~100,~~869~~909	)	$	(8838,~~087~~737	)
Loss from discontinued operations		-			22,151
Adjustments to reconcile net loss to net cash used in operating activities
Depreciation		-			493
Loss from sale of property and equipment		-			1,551
Changes in operating assets and liabilities
Accounts receivable		(1,327	)		-
Accounts and notes receivable		(5,052	)		-
Notes receivable		(5,317	)		-
Inventories		4,111			-
Inventories		(1,584	)		-
Prepaid expenses and other current assets		2,712			-
Prepaid expenses and other current assets		(11,251	)		6,082
Accounts payable		24,355			-
Accounts payable		23,014			-
Accrued expense and other payables		22,580			30,975
Accrued expense and other payables		99,044			66,713
Deferred income		187			-
Accrued expense - related party		632			573
Net cash used in operating activities		(52,016	)		(7,762	)
Deferred income		3,044			-
Net cash (used in) provided by continuing operations		(35,614	)		9,476
Net cash provided by (used in) discontinued operations		873			(21,931	)
Net cash used in operating activities		(34,741	)		(12,455	)
Cash flows from investing activities
Proceeds from sale of property and equipment		-			29,673
Net cash provided by investing activities		-			29,673
Cash flows from financing activities
Proceeds from issuance of common stock		999,020			-
Proceeds from short-term debt - related parties		74,804			20
Proceeds from short-term debt - related party		41,165			-
Net cash provided by financing activities		74,804			20
Net cash provided by financing activities		1,040,185			-
Effect of change on cash and cash equivalents		6,101			(91	)
Effect of foreign exchange translation on cash and cash equivalents		(859	)		(1,454	)
Net increase (decrease) in cash		28,889			(7,833	)
Net increase in cash		1,004,585			15,764
Cash and cash equivalents, beginning of period		1,041,119			12,387
Cash and cash equivalents, beginning of period		12,387			4,184
Cash and cash equivalents, end of period	$	1,070,008		$	4,554
Cash and cash equivalents, end of period	$	1,016,972		$	19,948
Supplemental disclosure of cash flows information:
Interest paid	$	-		$	-
Income taxes paid	$	-		$	-

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

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Jishanye, Inc. and Subsidiaries

Notes to Condensed Consolidated Financial Statements

For the three ~~and nine~~ months ended ~~September~~March 3031, ~~2015~~2016 ~~and 2014~~ (unaudited)

Note 1 - Organization ~~and Basis of Presentation~~

Jishanye, Inc. ("“Jishanye"” or the "“Company"”) is a Delaware corporation incorporated on April 12, 2012 under the name of Yambear Bio-tech, Inc. The Company changed its corporate name to Jishanye, Inc. on October 25, 2013. The Company established a wholly-owned subsidiary, Jishanye (Taiwan), Inc. ("“Jishanye Taiwan"”), a ~~Taiwanese~~Taiwan limited liability company, on August 17, 2012. On September 30, 2015, the Company formed a wholly-owned subsidiary, Hongkong Jishanye Limited (“Jishanye HK”), in Hong Kong. Jishanye HK is a limited liability company which the Company formed to hold the equity investment in its proposed business activities in the People’s Republic of China. As of March 31, 2016, Jishanye HK has not commenced operations.

The Company, through its subsidiary, ~~was~~Jishanye ~~engaged~~Taiwan, inprovides ~~selling~~funeral ~~enzymes~~management ~~products~~services to ~~public~~families ~~consumers~~ in Taiwan. During ~~through~~the ~~June~~second ~~2014. Since~~half ~~June~~of ~~2014~~2015, the Company ~~switched~~expanded ~~its~~the ~~business~~funeral ~~focus~~management ~~from~~business ~~selling~~by ~~enzyme~~increasing ~~products to devoting~~ its ~~effort~~personnel, torenting ~~engage~~premises infor ~~the~~ funeral ~~management~~parlors ~~services,~~and ~~initially~~expanding inour ~~Taiwan~~range of services. The Company isbegan ~~currently~~to ~~engaged~~generate inrevenue ~~one~~from ~~business segment –~~ funeral management services in the third quarter of 2015. ~~The~~Funeral ~~funeral~~ management services business in Taiwan ~~involves~~include ~~offering~~ a range of services to grieving families, which include providing a place for mourners to visit, maintaining the body during the mourning period in a manner consistent with both religious and cultural practices. In ~~and~~Taiwan, ~~health~~funeral ~~and~~parlors ~~safety~~generally ~~regulations~~use one of two different formats. One type of funeral parlor, known as a binyiguan, is a funeral parlor in the traditional sense and ~~providing~~these ~~burial~~funeral parlors hold the body of the deceased and prepare the body for burial or cremation. The other type is a litang, which similar to a small scale auditorium. Although the body may be brought to the litang for a short period of time, usually for no more ~~frequently~~than one to two hours on any particular day, ~~cremation~~the ~~because~~litang provides a place for friends and relatives to visit the family of the ~~scarcity~~deceased, without the presence of ~~land~~the inbody. The ~~Taiwan~~Company’s funeral parlors are of the litang variety, and the Company does not maintain the body during the mourning period or prepare the body for burial or cremation at its funeral parlors. InThe ~~addition,~~Company’s funeral management services ~~including~~include providing the necessary setting and personnel to meet the grieving family'’s religious and cultural preferences.

Prior to June 2014, the Company’s principal business was the sale of enzyme products to the public in Taiwan. In October 2015, the Company discontinued the enzyme product business, and the results of such business are reflected as a discontinued operation in our condensed consolidated financial statements. There was no operating result related to the discontinued operation during the three months ended March 31, 2015.

Note 2 - Summary of Significant Accounting Policies

Basis of Presentation

The accompanying ~~interim~~ unaudited condensed consolidated financial statements and related ~~notes~~footnotes have been prepared in accordance with accounting principles generally accepted in the United States of America ("“U.S. GAAP"”) for interim financial information, and in accordance with the rules and regulations of the United States Securities and Exchange Commission (the "“SEC"”) with respect to Form 10-Q. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. The unaudited condensed consolidated financial statements furnished reflect all adjustments (consisting of normal recurring adjustments) which are, in the opinion of management, necessary to present fairly the financial position as of ~~September~~March 3031, ~~2015~~2016 and the results of operations and cash flows for the periods ended ~~September~~March 3031, ~~2015~~2016 and ~~2014~~2015. The interim financial data and other information related to these periods are unaudited. The results for the three ~~and nine~~ months ended ~~September~~March 3031, ~~2015~~2016 are not necessarily indicative of the results to be expected for any subsequent periods or for the entire year ending December 31, ~~2015~~2016. These unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements of the Company for the year ended December 31, ~~2014~~2015, which are included in the annual report on the Form 10-K, filed with the SEC on April 1614, ~~2015~~2016.

Principles of Consolidation

The accompanying ~~condensed~~ consolidated financial statements include the financial statements of Jishanye and its wholly-owned ~~subsidiary~~subsidiaries, Jishanye Taiwan and Jishanye HK. All significant intercompany transactions and balances were eliminated in consolidation.

Use of Estimates

The preparation of financial statements in conformity with U.S. GAAP 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 condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Specific estimates include the collectability of accounts receivable and the valuation of inventory and deferred income tax. Actual results could differ from those estimates.

~~Jishanye,~~Table ~~Inc.~~of Contents

Jishanye, Inc. and Subsidiaries

Notes to Condensed Consolidated Financial Statements

For the three ~~and nine~~ months ended ~~September~~March 3031, ~~2015~~2016 ~~and 2014~~ (unaudited)

Note 2 - Summary of Significant Accounting Policies (Continued)

Use of Estimates

The preparation of financial statements in conformity with U.S. GAAP 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 consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Specific estimates include the collectability of accounts receivable and the valuation of inventory and deferred income tax. Actual results could differ from those estimates.

Foreign Currency Translation

The reporting currency of the Company is the ~~U.S.~~United States Dollars (“$” or “United States dollar”). The functional currency of the Company is the U.S. dollars and the functional currency of the Company'’s operating subsidiary, Jishanye Taiwan, is the New Taiwanese Dollar ("“NTD"”). The accompanying condensed consolidated financial statements are presented in United States dollars. For the operating subsidiary, results of operations and cash flows are translated from its functional currency to U.S. dollars at the average exchange rates during the period, assets and liabilities are translated at the exchange rate at the end of the period, and equity is translated at historical exchange rates. Translation adjustments resulting from the process of translating the local currency financial statements into U.S. dollars are included in determining comprehensive loss. All of the Company'’s revenue transactions are transacted in NTD, the functional currency of the operating subsidiary.

Cash and Cash Equivalents

Cash and cash equivalents include cash in hand and on deposit with banks.

~~Inventory~~Accounts and Notes Receivable

~~Inventory~~Accounts isreceivable ~~stated~~are recorded at the ~~lower~~invoiced ~~of cost or market~~amount, ~~with~~net ~~cost~~of ~~determined~~allowances byfor ~~using~~doubtful ~~the~~accounts ~~average~~and ~~cost~~sales ~~method~~returns. Management ~~compares~~reviews the ~~cost~~composition of ~~inventory~~accounts ~~with~~receivable ~~its~~and ~~market~~analyzes ~~value~~historical bad debts, customer concentration, customer credit worthiness, current economic trends and anchanges in customer payment patterns to determine if the allowance for doubtful accounts is adequate. Notes receivable are pre-dated checks received from trade debtors for settlement. An estimate for doubtful accounts is made towhen ~~write~~collection ~~down~~of ~~inventory~~the tofull ~~market~~amount ~~value,~~is ifno ~~lower~~longer probable. AsDelinquent account balances are written-off after management has determined that the likelihood of ~~September~~collection ~~30,~~is ~~2015~~not probable and ~~December~~known ~~31,~~bad ~~2014,~~debts ~~the~~are ~~Company~~written ~~had~~off ~~finished~~against ~~goods~~the allowance for ~~the~~doubtful ~~continuing~~accounts ~~operation~~when identified. As of $1March 31,~~512~~ 2016 and ~~nil~~December 31, ~~respectively~~2015, there was no allowance for uncollectible accounts and notes receivable.

Concentration of Credit Risk

Financial instruments that potentially subject the Company to concentration of credit risk consist principally of cash and equivalents and accounts receivable. Credit risk concentration with respect to accounts receivables is reduced because a diverse number of customers make up the Company’s customer base.

~~Income~~The ~~Taxes~~Company maintains cash with banks in Taiwan. Should any bank holding cash become insolvent, or if the Company is otherwise unable to withdraw funds, the Company would lose the cash with that bank; however, the Company has not experienced any losses in such accounts and believes it is not exposed to any significant risks on its cash in bank accounts. In Taiwan, a depositor has up to NTD 3,000,000 insured in a bank.

AnAs ~~asset~~of ~~and~~March ~~liability~~31, ~~approach~~2016 ~~is used for financial accounting~~ and ~~reporting~~December ~~for~~31 ~~income~~2015, ~~taxes.~~approximately ~~Deferred~~$132,000 ~~income taxes arise from temporary differences between income tax~~ and ~~financial~~$91,000 ~~reporting~~of ~~and~~the ~~principally~~Company’s ~~relate~~cash ~~to recognition of revenue~~ and ~~expenses~~equivalents inheld ~~different~~by ~~periods for~~ financial ~~and~~institutions, ~~tax~~was ~~accounting~~insured, ~~purposes~~ and ~~are~~the ~~measured~~remaining ~~using~~balance ~~currently~~of ~~enacted~~approximately ~~tax~~$899,000 ~~rates~~ and ~~laws. In addition~~$942,000, awas ~~deferred tax asset can be generated by net operating loss carry forwards. If it is more likely than~~ not ~~that some portion or all of a deferred tax asset will not be realized, a valuation allowance is recognized~~insured.

~~Revenue Recognition~~Inventories

~~Service~~Inventories ~~revenue~~are isstated ~~recognized~~at ~~when~~the ~~persuasive~~lower ~~evidence~~ of ancost ~~arrangement exists, service has been provided, the fee is fixed~~ or ~~determinable~~market, ~~and~~with ~~collectability~~cost isdetermined ~~probable.~~by ~~Payments~~using ~~received before all of~~ the ~~relevant~~average ~~criteria~~cost ~~for revenue recognition are satisfied are recorded as advances from customers~~method. ~~Rental~~ ~~income~~Management ~~relates~~compares to the ~~rental~~cost of ~~memorial~~inventory ~~tablets~~with atits ~~the~~market ~~Company’s~~value ~~funeral~~and ~~parlors~~an ~~which~~allowance is ~~recognized~~made onto awrite ~~straight-line~~down ~~basis~~inventory ~~over~~to ~~the~~market ~~terms~~value, ofif ~~the respective leases~~lower. InAs ~~accordance~~of ~~with~~March ~~the~~31, ~~Company's~~2016 ~~standard~~and ~~lease~~December ~~terms~~31, ~~rental~~2015, ~~payments are generally payable yearly. Deferred income represents~~ the ~~cumulative~~Company ~~difference~~had ~~between~~finished ~~rental~~goods ~~revenue~~for ~~as recorded on a straight line basis and rents received from~~ the ~~tenants.~~continuing Asoperation of ~~September~~$908 ~~30, 2015~~ and ~~December 31~~4, ~~2014~~985, ~~the deferred income is $2,905 and nil,~~ respectively.

~~Jishanye,~~Table ~~Inc.~~of Contents

Jishanye, Inc. and Subsidiaries

Notes to Condensed Consolidated Financial Statements

For the three ~~and nine~~ months ended ~~September~~March 3031, ~~2015~~2016 ~~and 2014~~ (unaudited)

Note 2 - Summary of Significant Accounting Policies (Continued)

~~Basic~~Revenue ~~and Diluted Earnings (Loss) Per Share~~ Recognition

~~Basic~~Service ~~earnings~~revenue ~~(loss) per share of common stock~~ is ~~computed~~recognized bywhen ~~dividing~~persuasive ~~net~~evidence ~~income~~of ~~(loss)~~an ~~available~~arrangement toexists, ~~common~~service ~~stockholders~~has ~~(numerator)~~been provided, by the ~~weighted~~fee ~~average~~is ~~number~~fixed ofor ~~shares~~determinable, ofand ~~common~~collectability ~~stock~~is ~~outstanding (denominator) during the period~~probable. ~~Diluted~~Payments ~~earnings~~received ~~per~~before ~~share gives effect to~~ all ~~dilutive potential shares~~ of ~~common stock outstanding during~~ the ~~period~~relevant ~~using~~criteria ~~the~~for ~~treasury~~revenue ~~stock~~recognition ~~method~~are ~~and~~satisfied ~~convertible~~are ~~preferred~~recorded ~~stock~~as ~~using~~advances ~~the~~from ~~if-converted method~~customers. Rental Inincome ~~computing~~relates ~~diluted earnings per share, the average stock price for the period is used in determining the number of shares assumed~~ to ~~be purchased from~~ the ~~exercise~~rental of ~~stock~~mounting ~~options~~halls orand ~~warrants.~~memorial ~~Dilutive~~tablets ~~potential~~at ~~shares are excluded from~~ the ~~computation~~Company’s offuneral ~~diluted~~parlors ~~earnings~~which ~~per~~is ~~share~~recognized ifon ~~their~~a ~~effect is anti~~straight-~~dilutive.~~line ~~There~~basis ~~were~~over ~~no options, warrants or other instruments convertible into common stock outstanding for~~ the ~~three~~terms ~~and nine months ended September 30, 2015 and 2014; therefore, basic and diluted earnings or loss per share~~ of ~~common stock are~~ the ~~same~~respective leases.

~~Recent~~In ~~accounting~~accordance ~~pronouncements~~ with the Company’s standard lease terms, rental payments of memorial tablets are generally payable yearly. Deferred income represents the cumulative difference between rental revenue as recorded on a straight line basis and rents received from the tenants. As of March 31, 2016 and December 31, 2015, the Company had deferred income of $4,537 and $4,247, respectively.

~~The~~Income Company has reviewed all recently issued, but not yet effective, accounting pronouncements and do not believe the future adoption of any such pronouncements may be expected to cause a material impact on its financial condition or the results of its operations.Taxes

~~Note~~The 3Company accounts for income taxes in accordance with the accounting standard issued by the Financial Accounting Standard Board (“FASB”) for income taxes. Under the asset and liability method as required by this accounting standard, deferred income taxes are recognized for the tax consequences of temporary differences by applying enacted statutory tax rates applicable to future years to differences between the financial statement carrying amounts and the tax bases of existing assets and liabilities. The charge for taxation is based on the results for the reporting period as adjusted for items which are non-assessable ~~Discontinued~~or ~~operations~~disallowed. It is calculated using tax rates that have been enacted or substantively enacted by the balance sheet date. The effect on deferred income taxes of a change in tax rates is recognized in income in the period that includes the enactment date. A valuation allowance is recognized if it is more likely than not that some portion, or all of, a deferred tax asset will not be realized.

InUnder ~~June~~the ~~2014,~~accounting ~~the~~standard ~~Company~~regarding ~~changed~~accounting ~~its~~for ~~business~~uncertainty ~~from~~in ~~selling~~income ~~enzyme~~taxes, ~~products~~a totax ~~engaging~~position inis ~~the~~recognized ~~business~~as ofa ~~funeral~~benefit ~~management~~only ~~services,~~if ~~and~~it ~~the~~is ~~only~~“more ~~revenues~~likely ~~from~~than not” that the ~~enzyme~~tax ~~products~~position ~~business~~would ~~subsequent~~be tosustained ~~June~~in ~~2014~~a ~~represented~~tax ~~sales~~examination, ofwith ~~inventory~~a ontax ~~hand~~examination being presumed to occur. On ~~October~~The 2,amount ~~2015,~~recognized is the ~~Company~~largest ~~determined~~amount toof ~~completely~~tax ~~cease~~benefit ~~the~~that ~~enzyme~~is ~~products~~greater ~~operations.~~than ~~Thereafter,~~50% ~~the~~likely ~~Company~~of ~~was~~being ~~engaged~~realized inon ~~one~~examination. ~~single~~For ~~operating~~tax ~~segment~~positions ~~consisting~~not ofmeeting ~~funeral~~the ~~management~~“more ~~service~~likely inthan ~~Taiwan.~~not” ~~The~~test, ~~enzyme~~no ~~products~~tax ~~operations~~benefit ~~have~~is ~~been~~recorded. ~~segregated~~U.S. ~~and~~GAAP ~~reported~~also asprovides ~~discontinued~~guidance ~~operations~~on ~~for~~de-recognition, ~~all~~classification, ~~the~~interest ~~periods~~and ~~presented~~penalties, accounting in ~~the~~interim ~~Company’s~~periods, ~~condensed~~disclosures ~~consolidated~~and ~~statements of operations~~transition.

~~The~~Note ~~carrying~~3 ~~amounts~~– ofPrepaid ~~the~~Expenses ~~major classes of assets~~ and ~~liabilities~~Other ofCurrent ~~the discontinued operation as of December 31, 2014 were as follows:~~Assets

Inventory	$	870
Current assets		870
Total assets		870
Accrued expense and other payables		(5,361	)
Accrued expense and other payables - Related Party		(1,101	)
Current liabilities		(6,462	)
Total liabilities	$	(6,462	)

The Company’s prepaid expenses and other current assets consisted of the following:

Summary of the operating results for the three months and nine months of September 30, 2014 from discontinued operation were as follows:

	March 31,			December 31,
	2016			2015
	(unaudited)
Rental deposits	$	14,446		$	12,120
Other prepayments		3,184			7,808
		17,630			19,928
Less: Rental deposits - non-current assets		(11,966	)		(9,696	)
Prepaid expenses and other current assets	$	5,664		$	10,232

	Three months ended September 30, 2014			Nine months ended September 30, 2014
Net revenue from discontinued operation	$	325		$	1,510
Loss on discontinued operations, net of tax	$	(6,346	)	$	(22,151	)

~~Jishanye,~~Table ~~Inc.~~of Contents

Jishanye, Inc. and Subsidiaries

Notes to Condensed Consolidated Financial Statements

For the three ~~and nine~~ months ended ~~September~~March 3031, ~~2015~~2016 ~~and 2014~~ (unaudited)

Note 4 -– Short-term ~~debt~~Debt – ~~related~~Related ~~party~~Parties

The Company'’s short-term debt from related parties consisted of the following:

	September 30,		December 31,
	March 31,		December 31,
	2015		2014
	2016		2015
	(unaudited)
Loans from former chief executive officer	$	149,500	$	149,500
Loans from chief executive officer		48226,~~320~~300		9145,~~438~~440
	$	197,820	$	158,938
Loans from Taiwan Life, Inc.		153,910		151,459
Loans from Taiwan Life Funeral Enterprises Ltd.		9,300		9,090
	$	539,010	$	455,489

~~These~~The ~~loans~~Company’s ~~are~~chief ~~interest~~executive ~~free,~~officer ~~unsecured~~is chairman of and ~~are~~owns ~~payable~~a on20% ~~demand~~equity interest in Taiwan Life, Inc.

The ~~loans~~Company’s ~~from the~~ chief executive officer ~~include~~is ~~loans~~chairman of ~~$9,060~~ and ~~$9,438~~owns asa of45% ~~September~~equity ~~30,~~interest ~~2015~~in ~~and~~Taiwan ~~December~~Life ~~31,~~Funeral ~~2014,~~Enterprises ~~respectively, from a company owned by the chief executive officer~~Ltd.

~~Note~~All 5of -these ~~Stockholders'~~loans ~~Equity~~are interest free, unsecured and are payable on demand.

OnNote ~~June~~5 9,– ~~2015,~~Accrued ~~the~~Expenses ~~Company sold a total of 47,800,000 shares of common stock for a total cash consideration of $999,020, or $0.0209 per share. The Company's chief executive officer~~ and aOther company controlled by the chief executive officer, purchased 40,560,000 of these shares. As a result of the stock purchase, the chief executive's beneficial ownership in the Company's common stock increased from approximately 10% to approximately 67%.Payables

~~Note~~The 6Company’s -accrued ~~Related~~expenses ~~Party~~and ~~Transactions~~other payables consisted of the following:

Pursuant to an employment agreement between the Company and its former chief executive and financial officer, dated September 1, 2012, the former chief executive officer earned a salary of NTD32,000 (approximately $1,100) per month, which was subsequently increased to NTD35,000 (approximately $1,133). The agreement provides that either party may terminate the agreement with at least 30 days prior notice. This agreement was terminated in July 2015. The Company recorded salary of nil and $6,661 for the three and nine months ended September 30, 2015 and $3,444 and $10,332 for the three and nine months ended September 30, 2014, respectively.

	March 31,		December 31,
	2016		2015
	(unaudited)
Accrued professional fees	$	89,050	$	66,050
Accrued staff costs and staff benefits		30,865		26,225
Accrued subcontracting costs		-		4,303
Value added tax and miscellaneous taxes payables		2,013		695
Others		3,303		3,299
	$	125,231	$	100,572

~~During~~Note ~~the~~6 ~~third~~– ~~quarter~~Income of 2015, the Company leased three office premises from the chief executive officer, Taiwan Life Enterprise Co., Ltd. ("Taiwan Life"), and a director of Jishanye Taiwan for a monthly rent of NTD15,000 (approximately $476), NTD9,524 (approximately $302) and NTD15,000 (approximately $476), respectively. The Company's chief executive officer owns 20% equity interest in Taiwan Life and he is the chairman of Taiwan Life. During the three and nine months ended September 30, 2015, the Company recorded the rental expenses for the affiliates for $2,853 and $2,853, respectively.Taxes

~~Pursuant~~Jishanye tois a ~~five-year lease~~holding ~~agreement~~company ~~for~~with ano ~~funeral~~business ~~parlor~~other ~~entered~~than ~~into~~holding byan ~~the~~equity ~~Company~~interest inof ~~May~~Jishanye ~~2015,~~ Taiwan. Jishanye ~~Life~~is ~~issued~~subject to income tax in United States with a ~~promissory~~statutory ~~note~~income tax rate of 34%. Jishanye Taiwan is subject to ~~guarantee~~income ~~the~~tax ~~payment~~in Taiwan with a statute income tax rate of ~~NTD500~~17%. Jishanye HK,~~000~~ ~~(approximately~~which ~~$15~~has not commenced operations,~~100)~~ asis ~~security~~subject to ~~the~~a ~~lessor~~profits tax in Hong Kong with a statutory income tax rate of 16.5%. No provision for income taxes has been recognized for the ~~event~~three months ended March 31, 2016 and 2015 as the Company, ~~terminates~~Jishanye ~~the~~Taiwan ~~lease~~and ~~prior~~Jishanye toHK ~~expiration~~did not incur any assessable income for the period.

~~Jishanye~~The isCompany ahas ~~holding~~tax ~~company~~losses ~~with~~that nomay ~~business~~be ~~other~~applied ~~than~~against ~~holding~~future antaxable ~~equity~~income. ~~interest~~The ofpotential ~~Jishanye~~tax ~~Taiwan~~benefits ~~other~~arising ~~than~~from ~~corporate~~these ~~overhead,~~loss ~~principally~~carry ~~professional~~forwards, ~~fees~~which ~~and~~expire ~~expenses~~beginning ~~relating~~the toyear ~~its~~2025 ~~status~~through as2036, aare ~~public~~offset ~~company~~by ina ~~the~~valuation ~~United~~allowance ~~States. Jishanye~~due ~~is subject~~ to ~~income~~the ~~tax~~uncertainty ~~in United States with a statutory income tax rate~~ of ~~34%.~~profitable ~~Jishanye~~operations ~~Taiwan is subject to income tax~~ in ~~Taiwan~~the ~~with~~future. aAs ~~statute income tax rate~~ of ~~17%.~~March No31, ~~provision~~2016 ~~for income taxes has been recognized for the three~~ and ~~nine~~December ~~months ended September 30~~31, 2015, ~~and 2014 as~~ the Company ~~and~~had ~~Jishanye Taiwan incurred~~ net operating losses ~~for~~carry-forward ~~income~~of ~~tax~~$459,470 ~~purposes~~and $357,311, respectively.

Tax effects of temporary differences that give rise to significant portions of the deferred tax assets at March 31, 2016 and December 31, 2015 are presented below:

	March 31, 2016				December31, 2015
	(unaudited)
Deferred tax asset
Net operating loss carry forwards		$	118,325			$	94,564
Less: valuation allowance			(118,325	)			(94,564	)
Net deferred tax asset		$	-			$	-

~~Jishanye,~~Table ~~Inc.~~of Contents

Jishanye, Inc. and Subsidiaries

Notes to Condensed Consolidated Financial Statements

For the three ~~and nine~~ months ended ~~September~~March 3031, ~~2015~~2016 ~~and 2014~~ (unaudited)

Note 7 -– ~~Income~~Related ~~Taxes~~Party ~~(Continued)~~Transactions

~~The~~Pursuant ~~Company~~to ~~has~~an ~~tax~~employment ~~losses~~agreement ~~that~~between ~~may~~the beCompany ~~applied~~and ~~against~~its ~~future~~former ~~taxable~~chief ~~income.~~executive ~~The~~and ~~potential~~financial ~~tax~~officer, ~~benefits~~dated ~~arising~~September ~~from~~1, ~~these~~2012, ~~loss~~the ~~carryforwards,~~former ~~which~~chief ~~expire~~executive ~~beginning~~and ~~the~~financial ~~year~~officer ~~2022~~earned ~~through~~a ~~2035~~salary of NTD 32,000 ~~are~~(approximately ~~offset~~$1,100) byper amonth, ~~valuation~~which ~~allowance~~was ~~due~~subsequently increased to ~~the~~NTD ~~uncertainty~~35,000 of(approximately ~~profitable~~$1,133). The ~~operations~~agreement inprovides that either party may terminate the ~~future.~~agreement Aswith ofat ~~September~~least 30, ~~2015~~days ~~and~~prior ~~December~~notice. ~~31,~~This ~~2014,~~agreement ~~the~~was ~~Company~~terminated ~~had~~in ~~net~~July ~~operating~~2015. ~~losses~~The ~~carry-forward~~Company incurred salary of ~~$500,560~~nil and $~~358~~1,~~691~~121 for the three months ended March 31, 2016 and 2015, respectively.

~~Tax~~See ~~effects~~Note of4 ~~temporary~~in ~~differences~~connection ~~that~~with ~~give~~short-term ~~rise~~debt to- ~~significant~~related ~~portions~~parties ofand ~~the~~Note ~~deferred~~8 ~~tax~~in ~~assets~~connection atwith ~~September~~lease ~~30,~~transactions ~~2015~~with ~~and~~related ~~December 31, 2014 are presented below:~~parties.

	September 30, 2015				December 31, 2014
Deferred tax asset
Net operating loss carry forwards		$	115,334			$	83,214
Less: valuation allowance			(115,334	)			(83,214	)
Net deferred tax asset		$	-			$	-

Note 8 – Commitments and Contingencies

Note 8 – Commitments and contingencies

Operating leases

On May 27, 2015, the Company leased the premises for a funeral parlor under a five-year lease agreement, for the period from June 1, 2015 to May 1, 2020 with an initial monthly rental of ~~NTD155~~NTD 155,000 (approximately $4,~~681~~805), which increases to ~~NTD157~~NTD 157,~~000~~550 (approximately $4,~~758~~885) on June 1, 2017 and to ~~NTD169~~NTD 160,177 (approximately $4,~~837~~965) on June 1, 2019. Pursuant to the lease agreement, ~~Taiwan~~a ~~Life~~company of which the Company’s chief executive officer is chairman and in which he holds a 20% equity interest issued a promissory note to guarantee the payment of ~~NTD500~~NTD 500,000 (approximately $15,~~100~~000) as security in the event the Company terminates the lease prior to expiration.

On August 1, 2015, the Company leased premises for another funeral parlor under a lease agreement with a one year term, for the period from August 1, 2015 to July 1, 2016 with a monthly rental of ~~NTD40~~ NTD 40,000 (approximately $1,~~208~~240).

During the third quarter of 2015, the Company leased three office premises from ~~the~~related ~~chief~~parties ~~executive~~for ~~officer,~~five-year aterms. The ~~company~~Company ~~owned~~leased byoffices ~~the~~from its chief executive officer, ~~Taiwan~~at ~~Life and~~ a ~~director of Jishanye Taiwan for the~~ monthly ~~rent~~rental of ~~NTD15~~NTD 15,000 (approximately $~~476~~465), ~~NTD9,524 (approximately~~ ~~$302)~~from ~~and~~a ~~NTD15,000~~company ~~(approximately~~in ~~$476),~~which ~~respectively.~~the ~~During~~chief ~~the~~executive ~~three~~officer is chairman and ~~nine~~holds ~~months~~a ~~ended~~20% ~~September~~equity 30interest, ~~2015~~at a monthly rental of NTD 10,000 ~~the~~(approximately ~~Company~~$310), ~~recorded~~and ~~the~~from ~~rental~~a ~~expenses~~director ~~for~~of ~~the~~its ~~affiliates~~subsidiary for ~~$2,853~~a ~~and~~monthly $2rental NTD 15,~~853,~~000 ~~respectively~~(approximately $465).

~~Total~~On ~~rental~~February ~~expenses~~1, ~~for~~2016, the ~~three~~Company ~~and~~leased ~~nine~~another ~~months~~office ~~ended~~under ~~September~~a ~~30,~~lease ~~2015~~agreement ~~were~~with ~~$19,178~~approximately ~~and~~five ~~$24~~year term,~~092. The~~ ~~Company~~for ~~had~~the noperiod ~~rental~~from ~~expense~~February ~~for~~1, ~~the~~2016 ~~three~~to ~~and~~September ~~nine~~30, ~~months~~2020 ~~ended~~with ~~September~~a 30monthly rental of NTD 33,000 ~~2014~~(approximately $1,023).

Total rental expenses for the three months ended March 31, 2016 and 2015 was $23,438 and nil, respectively, of which $3,648 and nil was paid to related parties.

The minimum future lease payments for the next five years and thereafter are as follows:

Period ending September 30:	Related parties		Unrelated parties		Total
Period ending March 31:	Related parties		Unrelated parties		Total
2016	$	14,496	$	68,252	$	82,748
2017	$	14,880	$	62,620	$	77,500
2017		14,496		56,480		70,976
2018		14,880		58,451		73,331
2018		14,496		57,096		71,592
2019		14,880		58,609		73,489
2019		14,496		76,763		91,259
2020		14,880		59,423		74,303
2020		11,778		14,512		26,290
2021		4,650		4,965		9,615
	$	6964,~~762~~170	$	~~273~~244,~~103~~068	$	~~342~~308,~~865~~238

Contingencies

The Company has obtained the relevant government approval to operate funeral management business in Taiwan~~. However~~, although it does not have permits for its funeral parlors. Funeral parlors in Taiwan, including the ones operated by the Company, are generally unable to ~~fully~~ comply with the strict statutory requirements, for example, about the locations of funeral parlors relative to other public facilities like schools and hospitals. The non-compliance may result in fines and suspension of business. ~~The~~Although the potential penalties for violation of these regulations may be significant, the Company believes ~~the~~that non-compliance would not have significant impact on the Company’s operations or its operating results.

Note 9 – Subsequent events

In accordance with ASC Topic 855, “Subsequent Events”, which establishes general standards of accounting for and disclosure of events that occur after the balance sheet date but before financial statements are issued, the Company has evaluated all events or transactions that occurred after September 30, 2015 up through the filing date of these condensed consolidated financial statements. Except as disclosed in Note 3, the Company did not have any material recognizable subsequent events.

Table of Contents

~~ITEM~~Jishanye, 2Inc. ~~MANAGEMENT'S~~and ~~DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS~~Subsidiaries

Notes to Condensed Consolidated Financial Statements

For the three months ended March 31, 2016 (unaudited)

Note 9 - Segment Reporting

The Company measures segment loss as loss from operations less depreciation and amortization. The reportable segments are components of the Company which offer different products or services and are separately managed, with separate financial information available that is separately evaluated regularly by the Company’s CEO in determining the performance of the business.

As of March 31, 2016 and 2015, funeral management services is the Company’s only operating segment.

The Company does not have material long-lived assets located in countries other than Taiwan, and the Company’s revenue is generated solely from services rendered in Taiwan during the three months ended March 31, 2016 and 2015.

Note 10 – Subsequent events

On April 11, 2016, the Company entered into employment agreements with Mr. Chun-Hao Chang, its chief executive officer, and Ms. Mei-Chun Lin, its chief financial officer, pursuant to which the Company will pay Mr. Chang an annual salary of NTD 1,200,000, or approximately $37,200, and pay Ms. Lin an annual salary of NTD 600,000, or approximately $18,600. The agreements have a term commencing April 11, 2016 through April 30, 2019 and continuing on a year-to-year basis thereafter unless terminated by either party on written notice given not later than 90 days prior to the expiration of the initial term or any one-year extension.

Table of Contents

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

Overview

We ~~sold~~offer ~~enzymes~~funeral ~~products~~management services to ~~public~~families ~~consumers~~ in Taiwan ~~through June 2014~~. In Prior ~~June 2014, we switched our focus from selling enzyme products~~ to ~~engaging business in~~ the ~~funeral~~third ~~management~~quarter ~~services~~of 2015, ~~initially~~we indid ~~Taiwan. We~~not ~~are~~generate ~~currently~~any ~~engaged~~revenue infrom ~~one~~our ~~business segment –~~ funeral management services. ~~The~~During ~~funeral management services business in Taiwan involves offering a range of services to grieving families, which include providing a place for mourners to visit, maintaining~~ the ~~body~~second ~~during~~half ~~the mourning period in a manner consistent with both religious and cultural practices and health and safety regulations, and providing burial or, more frequently, cremation, which, because~~ of the scarcity of land in Taiwan, is preferred to burial. In addition, funeral management services includes providing the necessary setting and personnel to meet the grieving family's religious and cultural preferences. Since June 2015, we ~~expanded~~increased ~~the funeral management business by increasing~~ our personnel, ~~renting~~rented premises for atwo funeral ~~parlor and offering additional services. As a result of these efforts~~parlors, ~~we increased the revenues during the third quarter of 2015. We plan to continue to expand our marketing~~ and ~~related activities. Although~~ we ~~are~~began ~~optimistic about our ability~~ to generate ~~revenues from this business, we can give no assurance that we can or will generate any significant~~ revenue from ~~this business or operate profitably. The Company's chief executive officer has experience in the~~ funeral management services ~~business~~ in ~~Taiwan and owns a company which is engaged in~~ the ~~funeral~~third ~~management~~quarter ~~services~~of ~~business~~2015.

OnFuneral ~~October~~management 2services business in Taiwan include a range of services to grieving families, ~~2015~~which include providing a place for mourners to visit, wemaintaining ~~determined~~the body during the mourning period in a manner consistent with both religious and cultural practices. In Taiwan, funeral parlors generally offer two types of services. One type of funeral parlor, known as a binyiguan, is a funeral parlor in the traditional sense and these funeral parlors hold the body of the deceased and prepare the body for burial or cremation. The other type, known as a litang, is similar to ~~completely~~a ~~cease~~small scale auditorium. Our funeral parlors are of the litang variety. A funeral parlor may have several litangs. In our ~~enzyme~~funeral ~~products~~parlor ~~operations~~in Kaohsiung, we have two private litangs, and ~~treat~~in itour asfuneral parlor in Taipei, we have four private litangs and one larger public use litang which can be used by up to 22 families. Although the body may be brought to the litang for a ~~discontinued~~short ~~operation~~period of time, usually for no more than one to two hours on any day, the litang provides a place for friends and relatives to visit the family of the deceased, without the presence of the body. Since our funeral parlor in Taipei is on the second floor of a building, the body is rarely brought to the litang. We do not maintain the body during the mourning period or prepare the body for burial or cremation at our funeral parlors. Our funeral management services including providing the necessary setting and personnel to meet the grieving family’s religious and cultural preferences.

We expanded our business in Taiwan by opening a new office in Tainan in April 2016. We are also taking the initial steps toward offering funeral management services in the PRC; however, we do not have a timetable for commencing operations in the PRC, and we cannot assure you that we will be able operate in the PRC or that any operations we commence in the PRC will be successful.

Although we are optimistic about our ability to generate revenues from this business, we can give no assurance that we can or will generate any significant revenue from this business or operate profitably or that we will be able to offer services in the PRC or generate a profit from any services which we may offer in the PRC. Our chief executive officer has experience in the funeral services business in Taiwan and owns a company which is engaged in the funeral management services business.

Prior to June 2014, our principal business was the sale of enzyme products to the public in Taiwan. On October 2, 2015, we determined to completely cease our enzyme products operations and treat it as a discontinued operation. We did not have any business activity with respect to enzyme products during the three months ended March 31, 2016 or 2015.

Results of Operations

Three ~~and~~Months ~~nine months~~ ended ~~September~~March 3031, ~~2015~~2016 and ~~2014~~ 2015

Revenues. For the three ~~and nine~~ months ended ~~September~~March 3031, ~~2015~~2016, we had ~~revenue~~revenues of $99176,~~581,~~173. We ~~all~~did ofnot ~~which~~generate ~~was~~any ~~generated~~revenues infrom our funeral services business until the third quarter~~. We~~ ~~had~~of no2015, and, thus, we did not have any revenue ~~for~~in the three months ended ~~September~~March 3031, ~~2014~~2015. ~~For~~During the ~~nine~~three months ended ~~September~~March 3031, ~~2014~~2016, we ~~had~~generated ~~revenue~~service ~~of $16,600, which represented~~ revenue from ~~one-time~~the ~~training~~provision ~~services~~of ~~which~~funeral weservices, ~~provided~~and torental aincome ~~customer. Our~~from ~~revenues~~mounting ~~for~~halls ~~the three~~ and ~~nine~~memorial ~~months~~tablets ~~ended~~at ~~2015 and 2014 were generated from~~ our funeral ~~management services business~~parlors.

~~Our~~Cost ~~gross~~of ~~profit~~revenues. For ~~for~~ the three ~~and nine~~ months ended ~~September~~March 3031, ~~2015 was $11~~2016,~~911. Our~~ ~~gross~~our ~~profit~~cost ~~for~~of ~~the~~revenues ~~nine months ended September 30, 2014~~ was $16125,~~600~~413. ~~The~~ Cost ~~decrease~~ of ~~gross~~revenues ~~profit~~primarily ~~reflected~~reflects ~~the~~direct ~~nature~~staff ~~of the services provided. The training services which we provided in the nine months ended September 30~~costs, ~~2014~~rental ~~did~~expenses ~~not~~for ~~have~~our ~~any~~funeral ~~associated~~parlors ~~cost of revenue. Our cost of revenues in the three~~ and ~~nine~~materials ~~months~~directly ~~ended~~incurred ~~September~~for ~~30, 2015 reflected labor costs and the rental expense relating to~~ our ~~funeral parlors~~services.

~~For~~Selling ~~the~~expenses. We ~~three~~had ~~months~~selling ~~ended September 30, 2015 and 2014, our general and administrative~~ expenses ~~increased~~of by $6919,~~302,~~822 orfor ~~252.0%,~~three ~~from~~months ~~$27,498~~ended toMarch ~~$96~~31,~~800~~ 2016. ~~For~~Our ~~the~~selling ~~nine~~expenses ~~months~~during ~~ended~~2016 ~~September~~primarily ~~30,~~related ~~2015~~to ~~and~~the ~~2014,~~commissions ~~our~~paid ~~general~~to ~~and~~third ~~administrative~~party ~~expenses~~sales ~~increased by $72,833, or 89~~agents.~~8%,~~ Since ~~from~~we ~~$81,092~~did tonot ~~$153,925. The~~have ~~increases~~any ~~reflect~~active ~~increases~~business inactivity ~~salary~~during ~~related~~the tothree ~~additional~~months ~~administrative~~ended ~~and~~March ~~management~~31, ~~personnel~~2015, ~~rental~~we ~~and~~did ~~other~~not ~~operating~~incur selling expenses ~~incurred~~during asthe athree ~~result~~months ofended ~~our~~March ~~efforts~~31, ~~relating to the funeral services business~~2015.

As a result of the factors described above, we incurred a loss from continuing operations for the three months ended September 30, 2015 and 2014 of $84,760, or $0.00 per share (basic and diluted) and $27,498, or $0.00 per share (basic and diluted), respectively. For the nine months ended September 30, 3015 and 2014, our loss from continuing operation was $141,869, or $0.00 per share (basic and diluted) and $65,936, or $0.01 per share (basic and diluted), respectively.13

We had no loss from discontinued operations during the three and nine months ended September 30, 2015. For the three months ended September 30, 2014, our loss from discontinued operation was $6,346, or $0.00 per share (basic and diluted). For the nine months ended September 30, 2014, our loss from discontinued operation was $22,151, or $0.00 per share (basic and diluted). The loss from discontinued operation related to the enzymes product business, which was our business before we entered the funeral management services business.

For the three months ended September 30, 2015 and 2014, our net loss was $84,760, or $0.00 per share (basic and diluted) and $33,844, or $0.00 (basic and diluted). For the nine months ended September 30, 3015 and 2014, our net loss was $141,869, or $0.00 per share (basic and diluted) and $88,087, or $0.01 per share (basic and diluted) respectively.

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General and administrative expenses. For the three months ended March 31, 2016 and 2015, we had general and administrative expenses of $141,506 and $38,737, respectively. The increase of $102,769, or 265.3%, reflected the expansion of our funeral management service since the second half of 2015, including additional expenses for hiring new administrative staff and renting the executive offices and funeral parlors in Taiwan.

Other income (expense): For the three months ended March 31, 2016, we had other income of $9,659, which represented commissions we received for referring clients to other facilities when our facilities were either not available or not in a convenient location for the family or to cemetery plots or urn cemeteries offered by third parties.. We did not have any other income during the three months ended March 31, 2015.

Loss and comprehensive loss. As a result of the foregoing, we had net loss of $100,909, or $0.00 per share (basic and diluted) for the three months ended March 31, 2016 and $38,737, or $0.00 per share (basic and diluted) for the three months ended March 31, 2015. As a result of foreign currency translation losses, our comprehensive loss was $105,828 for the three months ended March 31, 2016 and $38,828 for the three months ended March 31, 2015.

Liquidity and Capital Resources

At ~~September~~March 3031, ~~2015~~2016, we had working capital of $~~592~~380,~~925~~255, as compared with ~~negative working capital of~~ $~~258~~488,~~716~~353 at December 31, ~~2014~~2015. The ~~increase~~decrease in working capital primarily resulted from the ~~proceeds~~loss offrom aoperations ~~private~~during ~~placement of $999,020 in June 2015. The principal investors in~~ the ~~private~~three ~~placement~~months ~~were~~ended ~~our~~March ~~chief~~31, ~~executive officer and a company controlled by our chief executive officer~~2016.

We used $3452,~~741~~016 and $7,762 of cash in our operations for the ~~nine~~three months ended ~~September~~March 3031, ~~2015,~~2016 and ~~our operations provided $12~~2015,~~455~~ ~~of cash for the nine months ended September 30, 2014~~respectively. For the ~~nine~~three months ended ~~September~~March 3031, ~~2015~~2016, our cash flow used in operating activities ~~principally~~primarily reflected our net loss of $~~141~~100,~~869~~909, the increase in accounts and notes receivable of $5,052 and partially offset by the decrease in inventories of $4,111, the decrease in prepaid expenses and other current assets of $2,712, the increase in accounts ~~payable~~payables of $2324,~~014~~355 and the increase in accrued expenses and other payables of $9922,~~044~~580. For the ~~nine~~three months ended ~~September~~March 3031, ~~2014~~2015, our cash flow used in ~~our~~operating ~~operations~~activities ~~reflected~~ principally reflected our net loss of $8838,~~087,~~737 and partially offset by the increase in ~~our~~ accrued expenses and other payables of $6630,~~713~~975.

We ~~did~~received ~~not generate~~ cash ~~flows~~of $74,804 from ~~investing~~financing activities infor the ~~nine~~three months ended ~~September~~March 3031, ~~2015. For~~2016, which represented the ~~nine~~short-term ~~months~~loans ~~ended~~from ~~September~~our ~~30,~~chief ~~2014,~~executive weofficer. ~~generated~~We received $~~29,673~~20 of cash in ~~investing~~financing activities, ~~which~~for ~~represents~~ the ~~net~~three ~~proceeds~~months ~~from~~ended ~~the~~March ~~sale~~31, of2015, ~~our~~resulted ~~fixed~~from ~~assets~~loans ~~related~~from toa company controlled by our ~~enzyme~~ ~~business~~chief executive officer.

We ~~received~~believe ~~cash~~that ofour ~~$1,040,185~~available ~~from~~cash ~~financing~~provides ~~activities~~us ~~for~~with ~~the~~sufficient ~~nine~~funds ~~months~~for ~~ended~~our ~~September~~short-term ~~30,~~operations. To ~~2015,~~the ~~which~~extent ~~represented~~we ~~$999,020~~seek ~~from~~to ~~the~~expand ~~private placement of~~ our ~~common stock~~business, ~~for~~particularly ~~which~~if ~~the~~we ~~principal~~take ~~investors~~active ~~were~~steps ~~our~~to ~~chief~~commence ~~executive~~operations ~~officer~~in the PRC, and ato ~~company~~the ~~owned~~extent bythat ~~our~~we ~~chief~~continue ~~executive~~to ~~officer,~~sustain losses and anegative ~~$41,165~~cash ~~loan~~flow from our ~~chief~~operations, ~~executive~~we ~~officer.~~expect Wethat ~~did~~may ~~not~~require ~~generate~~additional ~~cash~~funding ~~flow from financing activities~~ in the ~~nine~~near ~~months ended September 30, 2014~~future.

We believe that our available cash provides us with sufficient funds for our immediate operations. To the extent we seek to expand our business, we may require additional funding, and there is no assurance as to whether we will be able to obtain any necessary financing or the terms on which any funds will be available.

Critical Accounting Policies

Our condensed consolidated financial statements and related public financial information are based on the application of accounting principles generally accepted in the United States ("“U.S. GAAP"”). U.S. GAAP requires the use of estimates; assumptions, judgments and subjective interpretations of accounting principles that have an impact on the assets, liabilities, revenues and expenses amounts reported. These estimates can also affect supplemental information contained in our external disclosures including information regarding contingencies, risk and financial condition. We believe our use of estimates and underlying accounting assumptions adhere to U.S. GAAP and are consistently ~~and conservatively~~ applied. We base our estimates on historical experience and on various other assumptions that we believe to be reasonable under the circumstances. Specific estimates include the collectability of accounts receivable, the valuation of inventory and deferred income tax. Actual results may differ materially from these estimates under different assumptions or conditions. We continue to monitor significant estimates made during the preparation of our condensed consolidated financial statements.

We believe the following are among the most critical accounting policies that impact our condensed consolidated financial statements.:

~~Revenue Recognition~~14

Service revenue is recognized when persuasive evidence of an arrangement exists, service has been provided, the fee is fixed or determinable, and collectability is probable. Payments received before all of the relevant criteria for revenue recognition are satisfied are recorded as advances from customers. Rental income relates to the rental of memorial tablets at our funeral parlors which is recognized on a straight-line basis over the terms of the respective leases. In accordance with our standard lease terms, rental payments are generally payable yearly. Deferred income represents the cumulative difference between rental revenue as recorded on a straight line basis and rents received from the tenants. As of September 30, 2015 and December 31, 2014, the deferred income is $2,905 and nil, respectively.

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Revenue Recognition

Service revenue is recognized when persuasive evidence of an arrangement exists, service has been provided, the fee is fixed or determinable, and collectability is probable. Payments received before all of the relevant criteria for revenue recognition are satisfied are recorded as advances from customers. Rental income relates to the rental of mounting halls and memorial tablets at the Company’s funeral parlors which is recognized on a straight-line basis over the terms of the respective leases. In accordance with our standard lease terms, rental payments of memorial tablets are generally payable yearly. Deferred income represents the cumulative difference between rental revenue as recorded on a straight line basis and rents received from the tenants. As of March 31, 2016 and December 31, 2015, we had deferred income of $4,537 and $4,247, respectively.

Accounts and Notes Receivable

Accounts receivable are recorded at the invoiced amount, net of allowances for doubtful accounts and sales returns. Management reviews the composition of accounts receivable and analyzes historical bad debts, customer concentration, customer credit worthiness, current economic trends and changes in customer payment patterns to determine if the allowance for doubtful accounts is adequate. Notes receivable are pre-dated checks received from trade debtors for settlement. An estimate for doubtful accounts is made when collection of the full amount is no longer probable. Delinquent account balances are written-off after management has determined that the likelihood of collection is not probable and known bad debts are written off against the allowance for doubtful accounts when identified. As of March 31, 2016 and December 31, 2015, there was no allowance for uncollectible accounts and notes receivable.

Foreign Currency Translation

Our reporting currency and functional currency of is the U.S. dollar~~. The~~, and the functional currency of our operating subsidiary is the ~~New Taiwanese Dollar ("~~NTD"). For ~~the~~our ~~operating~~ subsidiary, results of operations and cash flows are translated ~~from its functional currency to U.S. dollars~~ at average exchange rates during the period, assets and liabilities are translated at the unified exchange rate at the end of the period, and equity is translated at historical exchange rates. As a result, amounts relating to assets and liabilities reported on the statements of cash flows may not necessarily agree with the changes in the corresponding balances on the balance sheets. Translation adjustments resulting from the process of translating the local currency financial statements into U.S. dollars are included in determining comprehensive ~~loss~~income. ~~All~~The cumulative translation adjustment and effect of exchange rate changes on cash for the ~~Company's~~three ~~revenue~~months ~~transactions~~ended March 31, 2016 and 2015 was $(4,919) and $(91), respectively. Transactions denominated in foreign currencies are ~~transacted~~translated into the functional currency at the exchange rates prevailing on the transaction dates. Assets and liabilities denominated in ~~NTD,~~foreign currencies are translated into the functional currency ofat the ~~operating~~exchange ~~subsidiary~~rates prevailing at the balance sheet date with any transaction gains and losses that arise from exchange rate fluctuations on transactions denominated in a currency other than the functional currency are included in the results of operations as incurred.

All of our revenue transactions are transacted in the functional currency of the operating subsidiary. We do not enter into any material transaction in foreign currencies. Transaction gains or losses have not had, and are not expected to have, a material effect on the results of our operations.

Asset and liability accounts at March 31, 2016 and December 31, 2015 were translated at NTD 32.26 to $1.00 and NTD 30.03 to $1.00, respectively, which were the exchange rates on the balance sheet dates. Equity accounts were stated at their historical rate. The average translation rates applied to the statements of income for the three months ended March 31, 2016 and 2015 were NTD 32.89 to $1.00 and NTD 31.50 to $1.00, respectively. Cash flows from our operations are calculated based upon the local currencies using the average translation rate. Translation adjustments resulting from this process are charged or credited to Other Comprehensive Income (Loss).

Recent Accounting Pronouncements

We do not expect adoption of the new accounting pronouncements will have a material effect on ~~the~~our ~~Company’s~~condensed consolidated financial statements.

Off-Balance Sheet Arrangements

~~Pursuant to a five-year lease agreement for a funeral parlor entered into by us in May 2015, Taiwan Life Enterprise Co~~None., Ltd. ("Taiwan Life"), issued a promissory note to guarantee the payment of NTD500,000 (approximately $15,100) as security to the lessor in the event we terminate the lease prior to expiration. Our chief executive officer owns 20% equity interest in Taiwan Life and he is the chairman of Taiwan Life.

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ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURE ABOUT MARKET RISK.

Not Applicable.

ITEM 4. CONTROLS AND PROCEDURES.

Evaluation of Disclosure Controls and Procedures

As required by Rule 13a-15 under the ~~Securities~~ Exchange Act ~~of 1934~~, our management, with the participation of ~~Mr. Chun-Hao Chang,~~ our ~~principal~~chief executive officer, and ~~Ms.~~chief ~~Mei-Chun Lin, our principal~~ financial officer, evaluated the effectiveness of our disclosure controls and procedures asat ofMarch ~~September 30~~31, ~~2015~~2016. The ~~Disclosure~~term “disclosure controls and procedures ~~refer~~,” toas defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act, means controls and other procedures of a company that are designed to ensure that information required to be disclosed by us in the reports, such as this report, that we file or submit under the ~~Securities~~ Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the SEC’s rules and forms, ofand ~~the~~include, ~~SEC~~without limitation, controls and ~~that~~procedures ~~such~~designed to ensure that information required to be disclosed by us in the reports that we files or submits under the Exchange Act is accumulated and communicated to our management, including our ~~chief~~principal executive ~~officer~~ and ~~chief~~principal financial ~~officer~~officers, or persons performing similar functions, as appropriate, to allow timely decisions regarding required disclosure. InBased ~~designing~~on ~~and~~that ~~evaluating~~evaluation, ~~our~~Mr. ~~disclosure~~Chun-Hao ~~controls and procedures~~Chang, ~~management~~our ~~recognizes~~chief ~~that~~executive ~~any~~officer, ~~controls~~ and ~~procedures,~~Ms. noMei-Chun ~~matter~~Lin, ~~how~~our ~~well~~chief ~~designed~~financial ~~and operated~~officer, ~~can~~concluded ~~provide~~that ~~only~~as ~~reasonable assurance~~ of ~~achieving~~March ~~the~~31, ~~desired control objectives~~2016, ~~and~~our ~~management~~disclosure iscontrols ~~required to apply its judgment in evaluating~~ and ~~implementing~~procedures ~~possible~~were ~~controls~~not ~~and procedures~~effective.

~~Based~~As we disclosed in our Annual Report on ~~that~~Form ~~evaluation~~10-K, during our assessment of the effectiveness of internal control over financial reporting as of December 31, 2015, management ~~concluded~~identified that there are material weaknesses in our ~~disclosure~~internal ~~controls~~control over financial reporting. Specifically, we did not have appropriate policies and procedures ~~were~~in ~~not~~place ~~effective~~to asevaluate the proper accounting and disclosures of ~~September~~key 30documents and agreements. We also currently lack sufficient accounting personnel with the appropriate level of knowledge, ~~2015~~experience and training in U.S. GAAP and SEC reporting requirements, and we do not have independent directors or an audit committee.

AsWe wehave ~~disclosed~~taken, and are taking, certain actions to remediate the material weakness related to our lack of U.S. GAAP experience. We plan to hire additional credentialed professional staff and consulting professionals with greater knowledge and experience in U.S. GAAP and related regulatory requirements to oversee our ~~Annual~~financial ~~Report~~reporting onprocess ~~Form~~in ~~10-K~~order to enable us to comply with U.S. GAAP and relevant securities laws. We are in the process of searching for an acceptable candidate to fill the position. In addition, ~~during~~we plan to provide additional training to our ~~assessment~~accounting ofpersonnel on U.S. GAAP, and other regulatory requirements regarding the ~~effectiveness~~preparation of ~~internal~~financial ~~control~~statements. ~~over~~Until ~~financial~~such ~~reporting~~time as ofwe ~~December~~hire ~~31,~~qualified ~~2014~~accounting personnel with the requisite U.S. GAAP knowledge and experience and train our current accounting personnel, ~~management~~we ~~identified~~have engaged an outside consultant with U.S. GAAP knowledge and experience to supplement our current internal accounting personnel and assist us in the ~~following~~preparation ~~material~~of ~~weaknesses~~our financial statements so that our financial statements are prepared in accordance with U.S. GAAP. In addition to above stated remediation plan we also plan to hire an outside Sarbanes-Oxley Act consultant to assist us in improving the design and operations of our internal ~~control~~controls over financial reporting:.

1)Changes ~~lack of an audit committee and the absence of any independent directors on our Board of Directors, resulting~~ in ~~the~~Internal ~~lack~~Controls ~~of oversight in the establishment and monitoring of required internal control and procedures; 2) inadequate segregation of duties consistent with control objectives; 3) ineffective controls~~ over ~~period~~Financial ~~end financial disclosure and reporting processes; and 4) lack of accounting personnel with adequate experience and training.~~Reporting

~~Changes~~There were no changes (including corrective actions with regard to significant deficiencies or material weaknesses) in our internal controls over financial reporting that occurred during the three months ended March 31, 2016 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

During the nine months ended September 30, 2015, we engaged a financial reporting consultant to help us evaluate and implement appropriate policies and procedures to improve our internal control systems over financial reporting and provided hands-on support and recommendations. Other than as described above, there were no changes in our internal control over financial reporting during the quarter ended September 30, 2015 that have materially affected, or are reasonably likely to materially affect our internal control over financial reporting.16

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PART II. OTHER INFORMATION

ITEM 6. EXHIBITS

Exhibit
Number		Description of Exhibit
31.1		Rule 13a-14(a)/15d-14(a) certification of Chief Executive Officer
31.2		Rule 13a-14(a)/15d-14(a) certification of Chief Financial Officer
32.1		Section 1350 certification of the Chief Executive Officer and Chief Financial Officer

(a) Exhibits:

Exhibit Number		Description of Exhibit
31.1		Certification of Chief Executive Officer pursuant to Rule 13a-14(a) of the Securities Exchange Act of 1934
31.2		Certification of Chief Financial Officer pursuant to Rule 13a-14(a) of the Securities Exchange Act of 1934
32.1		Certification of the Chief Executive Officer and Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

101.INS		XBRL Instance Document.

101.SCH		XBRL Taxonomy Extension Schema Document.

101.CAL		XBRL Taxonomy Extension Calculation Linkbase Document.

101.DEF		XBRL Taxonomy Extension Definition Linkbase Document.

101.LAB		XBRL Taxonomy Extension Label Linkbase Document.

101.PRE		XBRL Taxonomy Extension Presentation Linkbase Document.

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SIGNATURES

Pursuant to the requirements of Section 13 or 15 (d) of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this Quarterly Report on Form 10-Q report to be signed on its behalf by the undersigned, thereunto duly authorized.

	JISHANYE, INC.
Date: May 18, 2016	By:	/s/ Chun-Hao Chang
Date: November 20, 2015	By:	/s/ Chun-Hao Chang
	Name:	Chun-Hao Chang
	Name:	Chun-Hao Chang
	Its:	Chief Executive Officer
	Its:	Chief Executive Officer
		(Principal Executive Officer)
		(Principal Executive Officer)

Date: November 20, 2015	By:	/s/ Mei-Chun Lin
Date: May 18, 2016	By:	/s/ Mei-Chun Lin
	Name:	Mei-Chun Lin
	Its:	Chief Financial Officer
		(Principal Financial and Accounting Officer)

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