UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 10-Q

(Mark One)

x	QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended December 31, 2018
or
¨	TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from __________ to __________
Commission File Number 333-218713

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

	For the quarterly period ended June 30, 2019

¨	TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

	For the transition period from ______________to ___________________

Commission File Number 333-218713

RIVEX TECHNOLOGY CORP.

(Exact name of registrant as specified in its charter)

Nevada

33-3939787

~~33-3939787~~

(State or other jurisdiction of incorporation or organization)

(IRS Employer Identification No.)

~~(IRS Employer Identification No.)~~

Rua da Moeda 19, Evora Portugal

7000513

(Address of principal executive offices)

(Zip Code)

Rua da Moeda 19, Evora Portugal		7000513
(Address of principal executive offices)		(Zip Code)

(702) 846-0808

(Registrant’s telephone number, including area code)

N/A

(Former name, former address and former fiscal year, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
None	None	None

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. x YES ¨ NO

Indicate by check mark whether the registrant has submitted electronically 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). ¨ x YES x ¨ NO

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

Large accelerated filer
¨
Accelerated filer
¨
Non-accelerated filer
¨
Smaller reporting company
x
Emerging growth company
x

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act) ¨ YES x NO

APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PRECEDING FIVE YEARS

PROCEEDINGS DURING THE PRECEDING FIVE YEARS

Check whether the registrant has filed all documents and reports required to be filed by Sections 12, 13 or 15(d) of the Exchange Act after the distribution of securities under a plan confirmed by a court. ¨ YES ¨ NO

APPLICABLE ONLY TO CORPORATE ISSUERS

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date. ~~6,180,000 common shares issued and outstanding as of February 11, 2019.~~

6,180,000 common shares issued and outstanding as of August 12, 2019.

TABLE OF CONTENTS

PART I - FINANCIAL INFORMATION
Item 1.	Financial Statements.	3	3
Item 2.	Management’'s Discussion and Analysis of Financial Condition or Plan of Operation.	10	11
Item 3.	Quantitative and Qualitative Disclosures About Market Risk.	13	14
Item 4.	Controls and Procedures.	13	14
PART II - OTHER INFORMATION
Item 1.	Legal Proceedings.	14	16
Item 1A.	Risk Factors.	14	16
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds.	14	16
Item 3.	Defaults Upon Senior Securities.	14	16
Item 4.	Mine Safety Disclosures.	14	16
Item 5.	Other Information.	14	16
Item 6.	Exhibits.	14	17
SIGNATURES		15	18

Table of Contents

PART I - FINANCIAL INFORMATION

Item 1. Financial Statements

RIVEX TECHNOLOGY CORP.

Balance Sheets

	December 31,			March 31,
	2018			2018
	(Unaudited)
ASSETS
Current Assets
Cash and cash equivalents	$	-		$	14,433
Total Current Assets		-			14,433
Game Software		-			24,000
Computer, net of accumulated depreciation		-			1,108
TOTAL ASSETS	$	-		$	39,541
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)
Current Liabilities
Accounts payable and accrued liabilities	$	11,756		$	5,310
Deferred revenue		9,800			9,800
TOTAL LIABILITIES		21,556			15,110
STOCKHOLDERS’ EQUITY (DEFICIT)
Common stock, par value $0.001 per share, 75,000,000 shares authorized, 6,180,000 shares issued and outstanding		6,180			6,180
Additional paid-in capital		22,420			22,420
Accumulated deficit		(39,956	)		(19,077	)
Retained earnings (Accumulated deficit) from discontinued operations		(10,200	)		14,908
Total stockholders’ equity (deficit)		(21,556	)		24,431
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)	$	-		$	39,541

(Unaudited)

	June 30,			March 31,
	2019			2019
ASSETS

TOTAL ASSETS	$	-		$	-

LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
Current Liabilities
Accounts payable and accrued liabilities	$	21,077		$	21,921
Advances from director		16,745			9,629
TOTAL LIABILITIES		37,822			31,550

STOCKHOLDERS' DEFICIT
Common stock, par value $0.001 per share, 75,000,000 shares authorized, 6,180,000 shares issued and outstanding		6,180			6,180
Additional paid-in capital		22,420			22,420
Accumulated deficit		(56,222	)		(49,950	)
Accumulated deficit from discontinued operations		(10,200	)		(10,200	)
Total stockholders' deficit		(37,822	)		(31,550	)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$	-		$	-

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

3

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RIVEX TECHNOLOGY CORP.

Statements of Operations

(Unaudited)

	For the Three Months Ended						~~For the Nine Months Ended~~
	December31,			December 31,			December31,			December 31,
	June 30,			June 30,
	2018			2017			2018			2017
	2019			2018
REVENUES	$	-		$	-		$	-		$	-
COST OF GOODS SOLD		-			-			-			-
GROSS PROFIT		-			-			-			-
OPERATING EXPENSES
General and administrative	$	16,~~129~~272		$	516,~~823~~119		$	~~20,879~~		$	~~15,189~~
Total Operating Expenses		16,~~129~~272			516,~~823~~119			~~20,879~~			~~15,189~~
LOSS FROM CONTINUED OPERATIONS		(16,~~129~~272	)		(516,~~823~~119	)		~~(20,879~~	)		~~(15,189~~	)
Provision for Income Taxes		-			-			-			-
NET LOSS FROM CONTINUED OPERATIONS	$	(16,~~129~~272	)	$	(516,~~823~~119	)	$	~~(20,879~~	)	$	~~(15,189~~	)
NET INCOME (LOSS) FROM DISCONTINUED OPERATIONS		(24,876	)		(116	)		(25,108	)		15,024
NET LOSS FROM DISCONTINUED OPERATIONS		-			(116	)
NET LOSS	$	(266,~~005~~272	)	$	(516,~~939~~235	)	$	~~(45,987~~	)	$	~~(165~~	)
LOSS FROM CONTINUED OPERATIONS PER SHARE: BASIC AND DILUTED	$	(0.00	)	$	(0.00	)	$	~~(0.00~~	)	$	~~(0.00~~	)
INCOME (LOSS) FROM DISONTINUED OPERATION PER SHARE: BASIC AND DILUTED	$	(0.00	)	$	(0.00	)	$	(0.00	)	$	0.00
LOSS FROM DISONTINUED OPERATION PER SHARE: BASIC AND DILUTED	$	-		$	(0.00	)
NET LOSS PER SHARE: BASIC AND DILUTED	$	(0.00	)	$	(0.00	)	$	~~(0.01~~	)	$	~~(0.00~~	)
Weighted Average Common Shares Outstanding - Basic and Diluted		6,180,000			6,~~161~~180,~~902~~000			~~6,180,000~~			~~5,465,690~~

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

4

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RIVEX TECHNOLOGY CORP.

Statements of Stockholders’ Equity (Deficit)

For the three months ended June 30, 2019 and 2018

(Unaudited)

													Discontinued
													Operations
													Retained
	Common Stock							Additional					Earnings
	Number of Shares		Amount		~~Subscription Receivable~~SubscriptionReceivable			Paid-~~in Capital~~inCapital		~~Accumulated Deficit~~AccumulatedDeficit			(~~Accumulated Deficit~~AccumulatedDeficit)			Total
Balance - March 31, 2017		5,000,000	$	5,000	$	(3,000	)	$	-	$	(1,810	)	$	-		$	190
Balance - March 31, 2019		6,180,000	$	6,180	$	-		$	22,420	$	(49,950	)	$	(10,200	)	$	(31,550	)
Common shares issued for cash at $0.02 per share		1,180,000		1,180		3,000			22,420		-			-			26,600
Net loss		-		-		-			-		(6,272	)		-			(6,272	)
Net loss		-		-		-			-		(17,267	)		14,908			(2,359	)
Balance - June 30, 2019		6,180,000	$	6,180	$	-		$	22,420	$	(56,222	)	$	(10,200	)	$	(37,822	)
Balance - March 31, 2018		6,180,000	$	6,180	$	-		$	22,420	$	(19,077	)	$	14,908		$	24,431
Net loss		-		-		-			-		(20,879	)		(25,108	)		(45,987	)
Balance - December 31, 2018		6,180,000	$	6,180	$	-		$	22,420	$	(39,956	)	$	(10,200	)	$	(21,556	)

												Discontinued
												Operations
												Retained
	Common Stock						Additional					Earnings
	Number of Shares		Amount		Subscription Receivable		Paid-in Capital		Accumulated Deficit			(Accumulated Deficit)			Total

Balance - March 31, 2018		6,180,000	$	6,180	$	-	$	22,420	$	(19,077	)	$	14,908		$	24,431
Net loss		-		-		-		-		(16,119	)		(116	)		(16,235	)
Balance - June 30, 2018		6,180,000	$	6,180	$	-	$	22,420	$	(35,196	)	$	14,792		$	8,196

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

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RIVEX TECHNOLOGY CORP.

Statements of Cash Flows

(Unaudited)

	For the Nine Months Ended
	For the Three Months Ended
	December 31,			December 31,
	June 30,			June 30,
	2018			2017
	2019			2018
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss from continuing operations	$	(206,~~879~~272	)	$	(1516,~~189~~119	)
Net income (loss) from discontinuing operations		~~(25,108~~-	)		~~15,024~~(116	)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Loss on Abandonment of Assets		24,876			-
Depreciation		-			116
Depreciation		232			176
Expenses paid directly by director		-			-
Changes in operating assets and liabilities:
Accounts payable and accrued liabilities		~~1,482~~(844	)		~~1,418~~203
Deferred revenue		-			9,800
Net cash used in operating activities		(7,116	)		(15,916	)
Net cash (used in) provided by operating activities		(19,397	)		11,229
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of computer		-			(1,400	)
Purchase of game software		-			(24,000	)
Net cash used in investing activities		-			(25,400	)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from sale of common stock		-			26,600
Expenses paid directly by director		7,116			-
Net advances from former director		~~4,964~~-			32,~~400~~250
Net cash provided by financing activities		47,~~964~~116			302,~~000~~250
Net increase (decrease) in cash and cash equivalents		(14,433	)		15,829
Net change in cash and cash equivalents		-			(13,666	)
Cash and cash equivalents - beginning of period		~~14,433~~-			214,~~100~~433
Cash and cash equivalents - end of period	$	-		$	~~17,929~~767
Supplemental Cash Flow Disclosures
Cash paid for interest	$	-		$	-
Cash paid for income taxes	$	-		$	-

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

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RIVEX TECHNOLOGY CORP.

Notes to the Unaudited Financial Statements

~~Nine~~June ~~Months Ended December 31~~30, ~~2018~~2019

(Unaudited)

NOTE 1 – ORGANIZATION AND NATURE OF BUSINESS

RIVEX TECHNOLOGY CORP. (the “Company”) is a corporation established under the corporation laws in the State of Nevada on September 9, 2014. The company is in the business of development and sale of mobile games for the Apple and Android platforms. The Company’s principal offices are located at ~~Rua~~1001 daS ~~Moeda~~Main ~~19,~~Street ~~Evora~~STE 4036 Kalispell, ~~Portugal~~MT ~~7000-513~~5990.

The Company has adopted March 31 fiscal year end.

On October 4, 2018, as a result of a private transaction, the control block of voting stock of the Company represented by 5,000,000 shares of common stock, has been transferred from Adrian Dario Rivera Tchernikov to Sungrow Ventures Limited, and a change of control of the Company has occurred.

Upon the change of control of the Company, the sole existing director and officer resigned immediately. Accordingly, Adrian Dario Rivera Tchernikov, serving as director and President, Treasurer and Secretary, ceased to be the Company’s director and officer. At the effective date of the transfer, Gabriel Dollente Diamaandal, assumed the role of director and Chief Executive Officer, President, Treasurer and Secretary of the Company. On May 31, 2019, Gabriel Dollente Dianmaandal resigned from his Chief Executive Officer position, and Koong Wai Loon was appointed.

The Company is currently evaluating its future strategic business plans.

NOTE 2 – GOING CONCERN

The accompanying financial statements have been prepared in conformity with generally accepted accounting principles (“GAAP”), which contemplate continuation of the Company as a going concern. As of ~~December~~June 3130, ~~2018~~2019, the Company has an accumulated deficit from continued operations of $3956,~~956~~222 and an accumulated deficit from discontinued operations of $10,200. During the ~~nine~~three months ended ~~December~~June 3130, ~~2018~~2019, the Company incurred net loss from continued operations of $206,~~879 and net loss from discontinued operations of $25,108~~272. The Company has not completed its efforts to establish a stabilized source of revenues sufficient to cover operating costs over an extended period of time. Therefore, there is substantial doubt about the Company’s ability to continue as a going concern. Management anticipates that the Company will be dependent, for the near future, on additional investment capital to fund operating expenses. The Company intends to position itself so that it will be able to raise additional funds through the capital markets. In light of management’s efforts, there are no assurances that the Company will be successful in this or any of its endeavors to become financially viable and continue as a going concern. These financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

NOTE 3 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of presentation

The accompanying unaudited interim financial statements have been prepared in accordance with GAAP for interim financial information and in accordance with the instructions to Form 10-Q and Article 8 of Regulation S-X. In the opinion of management, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation have been included. Operating results for the ~~nine~~three months ended ~~December~~June 3130, ~~2018~~2019 are not necessarily indicative of the results that may be expected for the year ending March 31, ~~2019~~2020. Notes to the unaudited interim financial statements that would substantially duplicate the disclosures contained in the audited financial statements for fiscal year ~~2018~~2019 have been omitted. These interim financial statements are condensed and should be read in conjunction with the audited financial statements and the footnotes thereto for the fiscal year ended March 31, ~~2018~~2019 included in the Company’s Form 10-K as filed with the Securities and Exchange Commission on June 1327, ~~2018~~2019.

The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars. The Company’s year-end is March 31.

Cash and Cash Equivalents

For purposes of the statement of cash flows, the Company considers all highly liquid instruments purchased with an original maturity of three months or less to be cash equivalents. As of ~~December~~June 3130, ~~2018~~2019, the Company had no bank account and did not possess any cash.

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Use of Estimates

The preparation of financial statements in conformity with 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 financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Reclassifications

Certain prior period amounts have been reclassified to conform with the current year presentation.

Depreciation, Amortization, and Capitalization

Computer Equipment Depreciation Policy

Computer equipment are stated at cost and depreciated on the straight-line method over the 3-year estimated useful life.

Computer equipment of $876 was written off upon the change of control of the Company on October 4, 2018, as the assets were returned to the previous owner.

	December 31,		March 31,
	2018		2018
Computer	$	-	$	1,400
Less: accumulated amortization		-		(292	)
	$	-	$	1,108

Mobile game software

The company has developed a mobile game. The cost of development is $24,000 consisting of $15,000 software development cost, $2,000 game design cost, $6,000 animation development cost and $1,000 music development cost.

Game software of $24,000 was written off upon the change of control of the Company on October 4, 2018, as the assets were returned to the previous owner.

Fair Value of Financial Instruments

The Company measures its financial assets and liabilities in accordance with the requirements of ASC 820, Fair Value Measurements and Disclosures. ASC 820 clarifies the definition of fair value, prescribes methods for measuring fair value, and establishes a fair value hierarchy to classify the inputs used in measuring fair value as follows:

Level 1 - Inputs are unadjusted quoted prices in active markets for identical assets or liabilities available at the measurement date.

Level 2 - Inputs are unadjusted quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, inputs other than quoted prices that are observable, and inputs derived from or corroborated by observable market data.

Level 3 - Inputs are unobservable inputs which reflect the reporting entity’s own assumptions on what assumptions the market participants would use in pricing the asset or liability based on the best available information,

The carrying value of all assets and liabilities approximated their fair values as ~~December~~June 3130, ~~2018~~2019 and March 31, 2018, respectively.

8 Table of Contents

Revenue Recognition

The Company recognizes revenue from the sale of products and services in accordance with Accounting Standards Codification (“ASC”) 606, Revenue from Contracts with Customers, using the following five-step procedure:

Step 1: Identify the contract(s) with customers

Step 2: Identify the performance obligations in the contract

Step 3: Determine the transaction price

Step 4: Allocate the transaction price to performance obligations

Step 5: Recognize revenue when the entity satisfies a performance obligation

The Company recognizes revenue when it satisfies its obligation by transferring control of the good or service to the customer. A performance obligation is satisfied over time if one of the following criteria are met:

	a.	the customer simultaneously receives and consumes the benefits as the entity performs;

	b.	the entity’s performance creates or enhances an asset that the customer controls as the asset is created or enhanced; or

	c.	the entity’s performance does not create an asset with an alternative use to the entity, and the entity has an enforceable right to payment for performance completed to date.

~~Income~~8 ~~Taxes~~Table of Contents

The Company accounts for income taxes using the asset and liability method in accordance with ASC 740, “Accounting for Income Taxes”. The asset and liability method provides that deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities and for operating losses and tax credit carry forwards. Deferred tax assets and liabilities are measured using the currently enacted tax rates and laws that will be in effect when the differences are expected to reverse. The Company records a valuation allowance to reduce deferred tax assets to the amount that is believed more likely than not to be realized. As at December 31, 2018 and March 31, 2018, the Company did not have any amounts recorded pertaining to uncertain tax positions.

Earnings (Loss) Per Share

Basic loss per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted income (loss) per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive. As of December 31, 2018 and March 31, 2018, there were no potentially dilutive debt or equity instruments issued or outstanding.

Recent Accounting Pronouncements

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

NOTE 4 – ACCOUNTS PAYABLE AND ACCRUED LIABILITIES

	December 31,		March 31,
	June 30,		March 31,
	2018		2018
	2019		2019
Trade Payable	$	110,~~482~~803	$	-11,647
Amount due to former director		10,274		510,~~310~~274
	$	1121,~~756~~077	$	521,~~310~~921

~~During the nine months ended December 31, 2018, the Company’s former director advanced $5,250 to the Company and the Company has made a $286 repayment to him.~~ As of ~~December~~June 3130, ~~2018~~2019 and March 31, ~~2018~~2019, the amount due to the former director was $10,274 and $510,~~310~~274, respectively. This advance was unsecured, non-interest bearing and due on demand.

9NOTE ~~Table~~5 of– ~~Contents~~RELATED PARTY TRANSACTIONS

~~NOTE~~During 5the –three ~~DEFERRED~~months ~~REVENUE~~ended June 30, 2019, the Company’s director paid on behalf of the Company $7,116 of expenses. As of June 30, 2019 and March 31, 2019, the amount due to the director was $16,745 and $9,629, respectively. This advance is unsecured, non-interest bearing and due on demand.

The Company signed the application development agreement on September 21, 2017, and received a retainer of $9,800 on September 22, 2017, which is classified as deferred revenue. The revenue will be recognized after the completion of development of mobile application including development and testing on mobile devises and when the remaining $6,000 is received. The agreement provides for the application to be completed by August 31, 2018.

Upon the change of ownership on October 4, 2018, the development plan was abandoned.

NOTE 6 – COMMON STOCK

The Company has 75,000,000 authorized common shares at $0.001 par value.

As of ~~December~~June 3130, ~~2018~~2019 and March 31, ~~2018~~2019, the Company had 6,180,000 shares issued and outstanding.

NOTE 7 – DISCONTINUED OPERATIONS

On October 4, 2018, upon the change of control, the Company abandoned the business of development and sale of mobile games and disposed the game software and computer equipment at their carrying value.

The net ~~income and~~ loss from the discontinued operations in the financial statements reflected the operation results from the mobile operations.

	For the Three Months Ended						~~For the Nine Months Ended~~
	December31,			December 31,			December31,			December 31,
	June30,			June 30,
	2018			2017			2018			2017
	2019			2018
REVENUES	$	-		$	-		$	-		$	~~18,000~~
COST OF GOODS SOLD		-			-			-			~~2,800~~
GROSS PROFIT		-			-			-			~~15,200~~
OPERATING EXPENSES
Depreciation	$	-		$	116		$	~~232~~		$	~~176~~
Total Operating Expenses		-			116			~~232~~			~~176~~
OTHER EXPENSES
Loss on Abandonment of Assets		~~24,876~~-			-			~~24,876~~			-
NET INCOME (LOSS) FROM DISCONTINUED OPERATIONS	$	(24,876	)	$	(116	)	$	(25,108	)	$	15,024
NET LOSS FROM DISCONTINUED OPERATIONS	$	-		$	(116	)

NOTE 8 – SUBSEQUENT EVENTS

~~Management~~On ~~has~~July ~~evaluated~~15, ~~subsequent~~2019, ~~events~~the ~~through~~Company entered into an asset purchase agreement whereby the ~~date~~Company ~~these~~purchased ~~financial~~the ~~statements~~assets, ~~were~~rights, ~~available~~and tointerests beof ~~issued~~a blockchain consultancy firm. ~~Based~~In onaccordance ~~our~~with ~~evaluation~~the noagreement, ~~material~~the ~~events~~Company ~~have~~will ~~occurred~~issue ~~that~~20,000 ~~require~~common ~~disclosure.~~shares to the seller.

109 Table of Contents

Item 2. Management’'s Discussion and Analysis of Financial Condition or Plan of Operation

FORWARD-LOOKING STATEMENTS

This quarterly report contains forward-looking statements. These statements relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expects”, “plans”, “anticipates”, “believes”, “estimates”, “predicts”, “potential” or “continue” or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking statements to conform these statements to actual results.

Our unaudited financial statements are prepared in accordance with United States Generally Accepted Accounting Principles. The following discussion should be read in conjunction with our financial statements and the related notes that appear elsewhere in this quarterly report. The following discussion contains forward-looking statements that reflect our plans, estimates and beliefs. Our actual results could differ materially from those discussed in the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, those discussed below and elsewhere in this quarterly report.

In this quarterly report, unless otherwise specified, all dollar amounts are expressed in United States dollars and all references to “common shares” refer to the common shares in our capital stock.

As used in this quarterly report, the terms “we”, “us”, “our” and “our company” mean Rivex Technology Corp., unless otherwise indicated.

General Overview

We were incorporated under the laws of the State of Nevada on September 9, 2014, to engage in the development and sale of mobile games for the Apple and Android platforms.

On October 4, 2018, as a result of a private transaction, the control block of voting stock of our company, represented by 5,000,000 shares of common stock, was transferred from Adrian Dario Rivera Tchernikov to Sungrow Ventures Limited, resulting in a change of control.

Upon the change of control of our company, our sole existing director and officer resigned immediately. Accordingly, Adrian Dario Rivera Tchernikov, serving as director and President, Treasurer and Secretary, ceased to be our company’s director and officer. At the effective date of the change of control, Gabriel Dollente Diamaandal, was appointed director, Chief Executive Officer, President, Treasurer and Secretary of our company. On May 31, 2019, Gabriel Dollente Dianmaandal resigned from his Chief Executive Officer position, and Koong Wai Loon was appointed.

~~Our~~Subsequent ~~address~~to ~~principal~~June ~~executive~~30, ~~office~~2019, isthe ~~located~~Company atacquired ~~Rua~~all daof ~~Moeda~~the 19assets, ~~Evora~~rights, ~~Portugal~~and ~~7000-513~~interest of a blockchain consultancy firm. WeThe doCompany ~~not~~will ~~have~~be ~~any~~proceeding ~~subsidiaries~~with this new operations in 2019.

Our address principal executive office is located at Rua da Moeda 19, Evora, Portugal 7000-513. We do not have aany ~~corporate website~~subsidiaries.

We ~~have~~do ~~never~~not ~~declared~~have ~~bankruptcy,~~a ~~been~~corporate ~~in receivership, or involved in any kind of legal proceeding~~website.

~~Our~~10 ~~Current~~Table ~~Business~~of Contents

We ~~are~~have ingenerated ~~the~~minimal ~~business~~revenues ofand ~~developing~~have limited cash on hand. We have sustained losses since inception and ~~selling~~have ~~mobile~~relied ~~games~~upon ~~for~~loans ~~the~~from ~~Apple~~directors and ~~Android~~officers ~~platforms~~and the sale of our securities for funding. We have never declared bankruptcy, been in receivership, or involved in any kind of legal proceeding.

11Our ~~Table~~Current ~~of Contents~~Business

~~Results~~Subsequent to June 30, 2019, the Company acquired all of ~~Operations~~the assets, rights, and interest of a blockchain consultancy firm. The Company will be proceeding with this new operations in 2019.

The ~~following~~Company ~~summary~~is ofcontinuing ~~our~~to ~~operations~~explore ~~should~~additional befunding ~~read~~through inpotential ~~conjunction~~issuances ~~with~~of ~~our unaudited financial statements for the three and nine months ended December 31~~equity, ~~2018~~or ~~and 2017~~debt.

~~Three~~Results ~~months~~of ~~ended December 31, 2018 compared to three months ended December 31, 2017.~~Operations

	Three Months			Three Months
	Ended			Ended
	December 31,			December 31,
	2018			2017			Changes
Revenues	$	-		$	-		$	-
Cost of Goods Sold	$	-		$	-		$	-
Gross Profit	$	-		$	-		$	-
Operating Expenses	$	(1,129	)	$	(5,823	)	$	4,694
Net Loss from continued operations	$	(1,129	)	$	(5,823	)	$	4,694
Net Loss from discontinued operations	$	(24,876	)	$	(116	)	$	(24,760	)

The following summary of our operations should be read in conjunction with our unaudited financial statements for the three months ended June 30, 2019 and 2018.

~~With~~Three ~~the~~months ~~change~~ended ofJune ~~control on October 4~~30, ~~2018,~~2019 ~~the~~compared ~~Company~~to ~~abandoned~~three ~~the~~months ~~business~~ended ofJune ~~development~~30, ~~and sale of mobile games and disposed the game software and computer equipment~~2018.

We had no revenue during the three months ended December 31, 2018 and three months ended December 31, 2017.

	Three Months			Three Months
	Ended			Ended
	June 30,			June 30,
	2019			2018			Changes

Revenues	$	-		$	-		$	-
Cost of Goods Sold	$	-		$	-		$	-
Gross Profit	$	-		$	-		$	-
Operating Expenses	$	(6,272	)	$	(16,119	)	$	9,847
Net Loss from continued operations	$	(6,272	)	$	(16,119	)	$	9,847
Net Loss from discontinued operations	$	-		$	(116	)	$	116

~~Operating~~With ~~expenses~~the ~~were~~change $1of control on October 4,~~129~~ ~~for~~2018, the ~~three~~Company ~~months~~abandoned ~~ended~~the ~~December~~business ~~31,~~of ~~2018,~~development ~~compared~~and tosale ~~$5,823~~of ~~for~~mobile ~~the~~games ~~three~~and ~~months~~disposed ~~ended~~the ~~December~~game ~~31,~~software ~~2017~~and computer equipment.

We ~~incurred~~had ano ~~net~~revenue ~~loss~~during ~~from continued operations in~~ the ~~amount of $1,129 and $5,823 for the~~ three months ended ~~December~~June 3130, ~~2018~~2019 and ~~2017, respectively~~2018.

WeOperating ~~incurred~~expenses awere ~~net~~$6,272 ~~loss~~for ~~from~~the ~~discontinued~~three ~~operations~~months inended ~~the~~June ~~amount~~30, ~~of $24~~2019,~~876~~ ~~and~~compared to $~~116~~16,119 for the three months ended ~~December~~June 3130, 2018 ~~and 2017, respectively~~.

~~Nine~~We ~~months~~incurred ~~ended~~a ~~December~~net 31loss from continued operations in the amount of $6,272 ~~2018~~and ~~compared~~$16,119 tofor ~~nine~~the three months ended ~~December~~June 3130, ~~2017~~2019 and June 30, 2018, respectively.

	Nine			Nine
	Ended			Ended
	December 31,			December 31,
	2018			2017			Changes
Revenues	$	-		$	-		$	-
Cost of Goods Sold	$	-		$	-		$	-
Gross Profit	$	-		$	-		$	-
Operating Expenses	$	(20,879	)	$	(15,189	)	$	(5,690	)
Net Loss from continued operations	$	(20,879	)	$	(15,189	)	$	(5,690	)
Net Income (Loss) from discontinued operations	$	(25,108	)	$	15,024		$	(40,132	)

We incurred a net loss from discontinued operations of $0 and $116 for the three months ended June 30, 2019 and 2018, respectively.

~~With~~Liquidity ~~the change of control on October 4, 2018, the Company abandoned the business of development~~ and ~~sale~~Capital ~~of mobile games and disposed the game software and computer equipment.~~Resources

12The ~~Table~~following table provides selected financial data about our company as of ~~Contents~~June 30, 2019 and March 31, 2019, respectively.

We11 ~~had~~Table noof ~~revenue during the nine months ended December 31, 2018 and nine months ended December 31, 2017.~~Contents

~~Operating~~Working ~~expenses were $20,879 for the nine months ended December 31, 2018, compared to $15,189 for the nine months ended December 31, 2017.~~ Capital

We incurred a net loss from continued operations in the amount of $20,879 and $15,189 for the nine months ended December 31, 2018 and 2017, respectively.

	As of			As of
	June 30,			March 31,
	2019			2019			Changes

Current Assets	$	-		$	-		$	-
Current Liabilities	$	37,822		$	31,550		$	6,272
Working Capital (Deficiency)	$	(37,822	)	$	(31,550	)	$	(6,272	)

WeAs ~~incurred~~at aJune ~~net~~30, ~~loss~~2019 ~~from~~and ~~discontinued~~March ~~operations of $25~~31,~~108~~ ~~and recognized net income from discontinued operations of $15~~2019,~~024~~ ~~for~~our ~~the~~Company ~~nine~~had ~~months~~no ~~ended~~cash ~~December 31, 2018~~ and ~~2017,~~no ~~respectively~~assets.

~~Liquidity~~As ~~and~~at ~~Capital~~June ~~Resources~~30, 2019, our company had total liabilities of $37,822, compared with total liabilities of $31,550 as at March 31, 2019.

~~The~~As ~~following~~at ~~table~~June ~~provides~~30, ~~selected~~2019, ~~financial~~our ~~data~~company ~~about~~had ~~our~~working ~~company~~capital asdeficiency of ~~December~~$37,822 compared with working capital deficiency of $31,550 ~~2018~~as ~~and~~at March 31, ~~2018~~2019. The increase in working capital deficiency was primarily attributed to an increase in advances from director ($7,116) ~~respectively~~and a decrease in accounts payable and accrued liabilities ($844).

~~Working~~Cash ~~Capital~~Flows

	As of			As of
	Three Months			Three Months
	December 31,			March 31,
	Ended			Ended
	2018			2018			Changes
	June 30,			June 30,
Current Assets	$	-		$	14,433		$	(14,433	)
	2019			2018			Changes
Current Liabilities	$	21,556		$	15,110		$	6,446
Net cash provided by (used in) operating activities	$	(7,116	)	$	(15,916	)	$	8,800
Working Capital (Deficiency)	$	(21,556	)	$	(677	)	$	(20,879	)
Net cash used in investing activities	$	-		$	-		$	-
Net cash provided by financing activities	$	7,116		$	2,250		$	4,866
Net increase (decrease) in cash and cash equivalents	$	-		$	(13,666	)	$	13,666

Cash ~~Flows~~Flow from Operating Activities

	Nine			Nine
	Ended			Ended
	December 31,			December 31,
	2018			2017			Changes
Net cash provided by (used in) operating activities	$	(19,397	)	$	11,229		$	(30,626	)
Net cash used in investing activities	$	-		$	(25,400	)	$	25,400
Net cash provided by financing activities	$	4,964		$	30,000		$	(25,036	)
Net increase (decrease) in cash and cash equivalents	$	(14,433	)	$	15,829		$	(30,262	)

During the three months ended June 30, 2019, our company used $7,116 in cash from operating activities, compared to $15,916 during the three months ended June 30, 2018. The cash used in operating activities for the three months ended June 30, 2019 was attributed to net loss from continuing operations of $6,272 and a decrease in accounts payable and liabilities of $844.

AsThe atcash ~~December~~used 31in operating activities for the three months ended June 30, 2018 ~~our~~was ~~Company~~attributed ~~had~~to nonet ~~cash~~loss from continuing operations of $16,119 and nonet ~~assets.~~loss Asfrom atdiscontinuing ~~March~~operations ~~31,~~of ~~2018~~$116, ~~our~~offset ~~company’s~~by ~~cash~~net ~~balance~~depreciation ~~was~~expense of $~~14,433~~116 and ~~total~~an ~~assets~~increase ~~were~~in accounts payable and accrued liabilities of $~~14,433~~203.

AsCash atFlow ~~December~~from ~~31,~~Investing ~~2018, our company had total liabilities of $21,556, compared with total liabilities of $15,110 as at March 31, 2018.~~Activities

AsDuring atthe ~~December~~three ~~31,~~months ~~2018,~~ended ~~our~~June ~~company had working capital deficiency of $21~~30,~~556~~ ~~compared~~2019 ~~with~~and ~~working capital deficiency of $677 as at March 31~~2018, ~~2018.~~our ~~The~~company ~~increase~~had inno ~~working~~investing ~~capital deficiency was primarily attributed to the decrease in cash and cash equivalents and the increase in advances from the former director~~activities.

13Cash ~~Table~~Flow offrom ~~Contents~~Financing Activities

~~Cash~~Net ~~Flow~~cash received from ~~Operating~~financing ~~Activities~~activities was $7,116 for the three months ended June 30, 2019 compared to net cash received from financing activities of $2,250 for the three months ended June 30, 2018.

During the nine months ended December 31, 2018, our company used $19,397 in cash from operating activities, compared to $11,229 cash provided by operating activities during the nine months ended December 31, 2017. The cash ~~used~~received from ~~operating~~financing activities for the ~~nine~~three months ended ~~December~~June 3130, ~~2018~~2019 ~~was attributed to net loss from continuing operations~~ of $207,~~879~~116 and net loss from discontinued operations of $25,108, offset by loss on abandonment of assets of $24,876, depreciation expense of $232 and an increase in accounts payable and liabilities of $1,482. The cash provided by operating activities for the nine months ended December 31, 2018 was attributed to ~~net~~expenses ~~loss~~paid ~~from~~directly ~~continuing operations of $15,189, offset~~ by ~~net income from discontinued operations of $15,024, depreciation expense of $176, an increase in accounts payable and accrued liabilities of $1,418 and an increase in deferred revenue of $9,800~~director.

~~Cash~~12 ~~Flow~~Table ~~from~~of ~~Investing Activities~~Contents

~~During the nine months ended December 31, 2018, our company had no investing activities, compared to $25,400 received from investing activities during the nine months ended December 31, 2017.~~ The cash received from ~~investing~~financing activities for the ~~nine~~three months ended ~~December~~June 3130, ~~2017~~2018 of $2,250 was attributed to the ~~acquisitions~~net ofadvances ~~game~~from ~~software~~the offormer ~~$24,000~~director ~~and computer~~ of $12,~~400~~250.

~~Cash~~Off-Balance ~~Flow~~Sheet ~~from Financing Activities~~Arrangements

~~Net~~We ~~cash~~have ~~received~~no ~~from~~off-balance ~~financing~~sheet ~~activities~~arrangements ~~was~~that ~~$4,964~~have ~~for~~or ~~the~~are ~~nine~~reasonably ~~months~~likely ~~ended~~to ~~December~~have ~~31,~~a ~~2018~~current ~~compared~~or tofuture ~~net~~effect ~~cash~~on ~~received~~our ~~from~~financial ~~financing activities of $30~~condition,~~000~~ ~~for~~changes ~~the~~in ~~nine~~financial ~~months ended December 31~~condition, ~~2017.~~revenues ~~The~~or ~~cash received from financing activities for the nine months ended December 31~~expenses, ~~2018~~results ~~was attributed to the net advances from the former director~~ of $4operations,~~964.~~ ~~The~~liquidity, ~~cash~~capital ~~received~~expenditures ~~from~~or ~~financing~~capital ~~activities~~resources ~~for~~that ~~the~~are ~~nine~~material ~~months ended December 31, 2017 was attributed~~ to ~~the proceeds from sale of common stock of $26,600 and the net advances from the former director of $3,400~~stockholders.

~~Off-Balance~~Item ~~Sheet~~3. ~~Arrangements~~Quantitative and Qualitative Disclosures About Market Risk

WeAs ~~have~~a no“smaller ~~off-balance~~reporting ~~sheet~~company”, ~~arrangements~~we ~~that have or~~ are ~~reasonably~~not ~~likely~~required to ~~have~~provide athe ~~current~~information orrequired ~~future~~by ~~effect~~this ~~on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to stockholders~~Item.

Item 3. Quantitative and Qualitative Disclosures About Market Risk

As a “smaller reporting company”, we are not required to provide the information required by this Item.

Item 4. Controls and Procedures

Evaluation of Disclosure Controls and Procedures

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

14An ~~Table~~evaluation was conducted under the supervision and with the participation of ~~Contents~~our management of the effectiveness of the design and operation of our disclosure controls and procedures as of June 30, 2019. Based on that evaluation, our management concluded that our disclosure controls and procedures were not effective as of such date to ensure that information required to be disclosed in the reports that we file or submit under the Exchange Act, is recorded, processed, summarized and reported within the time periods specified in SEC rules and forms. Such officer also confirmed that there was no change in our internal control over financial reporting during the period ended June 30, 2019 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

AnThe ~~evaluation~~specific ~~was~~material ~~conducted~~weakness ~~under~~identified ~~the~~by ~~supervision~~our ~~and~~management ~~with~~was ~~the~~ineffective ~~participation~~controls ofover ~~our~~certain ~~management~~aspects of the ~~effectiveness~~financial ofreporting ~~the~~process ~~design~~because ~~and operation~~ of ~~our~~a ~~disclosure~~lack ~~controls~~of ~~and~~a ~~procedures~~sufficient ascomplement of ~~December~~personnel ~~31,~~with ~~2018.~~a ~~Based~~level onof ~~that~~accounting ~~evaluation,~~expertise ~~our management concluded that our disclosure controls~~ and ~~procedures~~an ~~were~~adequate ~~not~~supervisory ~~effective~~review asstructure ~~of such date to ensure~~ that ~~information~~is ~~required~~commensurate towith beour ~~disclosed~~financial inreporting ~~the~~requirements ~~reports~~and ~~that~~inadequate wesegregation ~~file~~of orduties. ~~submit~~A ~~under~~"material ~~the~~weakness" ~~Exchange Act,~~ is ~~recorded,~~a ~~processed~~deficiency, ~~summarized~~or ~~and~~combination ~~reported~~of ~~within~~deficiencies, ~~the time periods specified~~ in ~~SEC~~internal ~~rules~~control ~~and~~over ~~forms.~~financial ~~Such~~reporting ~~officer~~such ~~also confirmed~~ that there ~~was~~is noa ~~change~~reasonable inpossibility ~~our~~that ~~internal~~a ~~control~~material ~~over~~misstatement ~~financial~~of ~~reporting during~~ the ~~period~~company's ~~ended~~annual ~~December 31, 2018 that has materially affected,~~ or isinterim ~~reasonably~~financial ~~likely~~statements towould ~~materially~~not ~~affect,~~be ~~our~~prevented ~~internal~~or ~~control~~detected ~~over~~on ~~financial~~a ~~reporting~~timely basis.

The specific material weakness identified by our management was ineffective controls over certain aspects of the financial reporting process because of a lack of a sufficient complement of personnel with a level of accounting expertise and an adequate supervisory review structure that is commensurate with our financial reporting requirements and inadequate segregation of duties. A “material weakness” is a deficiency, or combination of deficiencies, in internal control over financial reporting such that there is a reasonable possibility that a material misstatement of the company’s annual or interim financial statements would not be prevented or detected on a timely basis.

We expect to be materially dependent upon a third party to provide us with accounting consulting services for the foreseeable future. Until such time as we have a chief financial officer with the requisite expertise in U.S. GAAP, there are no assurances that the material weaknesses in our disclosure controls and procedures and internal control over financial reporting will not result in errors in our financial statements which could lead to a restatement of those financial statements.

Changes in Internal Controls

There have been no changes in our internal controls over financial reporting identified in connection with the evaluation required by paragraph (d) of Securities Exchange Act Rule 13a-15 or Rule 15d-15 that occurred in the quarter ended ~~December~~June 3130, ~~2018~~2019 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

1513 Table of Contents

PART II - OTHER INFORMATION

Item 1. Legal Proceedings

Management is not aware of any legal proceedings contemplated by any governmental authority or any other party involving us or our properties. As of the date of this Quarterly Report, no director, officer or affiliate is (i) a party adverse to us in any legal proceeding, or (ii) has an adverse interest to us in any legal proceedings. Management is not aware of any other legal proceedings pending or that have been threatened against us or our properties.

Item 1A. Risk Factors

As a “smaller reporting company”, we are not required to provide the information required by this Item.

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

None.

Item 3. Defaults Upon Senior Securities

None.

Item 4. Mine Safety Disclosures

Not Applicable.

Item 5. Other Information

None.

16 Table of Contents

Item 6. Exhibits

The following exhibits are included as part of this report:

Exhibit Number		Description
(31)		Rule 13a-14(a)/15d-14(a) Certification
31.1		Section 302 Certification under the Sarbanes-Oxley Act of 2002 of the Principal Executive Officer
(32)		Section 1350 Certification
32.1**		Section 906 Certification under the Sarbanes-Oxley Act of 2002 of the Principal Executive Officer
101		Interactive Data Files
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

_________

* Filed herewith.

** Furnished herewith.

1714 Table of Contents

SIGNATURES

InPursuant ~~accordance~~to ~~with~~the ~~Section~~requirements ~~13 or 15(d)~~ 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.

		RIVEX TECHNOLOGY CORP.
		(Registrant)
Dated: February 14, 2019		/s/ Gabriel Dollente Diamaandal
Dated: August 14, 2019		/s/ Koong Wai Loon
		Gabriel Dollente Diamaandal
		Koong Wai Loon
		President, Chief Executive Officer, Secretary, Treasurer and Director
		President, Chief Executive Officer
		(Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer)

1815

Large accelerated filer	¨	Accelerated filer	¨
Non-accelerated filer	¨	Smaller reporting company	x
		Emerging growth company	x

Filing Compare · RIVEX TECHNOLOGY CORP.