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
☒	QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
	For the quarterly period ended February 29, 2020
	For the quarterly period ended May 31, 2020
or
¨	TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
☐	TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
	For the transition period from ____________ to ____________

Commission File Number 333-214638

KALMIN CORP.

(Exact name of registrant as specified in its charter)

Nevada		37-1832675
(State or other jurisdiction of incorporation or organization)		(IRS Employer Identification No.)

Osterbrogade 226 st. tv, Copenhagen, Denmark		2100
(Address of principal executive offices)		(Zip Code)

302-782-4171

(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 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 such files). x ☒ YES ¨ ☐ 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) x☒ YES ¨ ☐ NO

APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY

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.

4,836,500 common shares issued and outstanding as of ~~April~~July 177, 2020.

TABLE OF CONTENTS

PART I - FINANCIAL INFORMATION
Item 1.	Financial Statements	3
Item 2.	Management'’s Discussion and Analysis of Financial Condition and Results of Operations	11
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	15
Item 4.	Controls and Procedures	15
PART II - OTHER INFORMATION
Item 1.	Legal Proceedings	16
Item 1A.	Risk Factors	16
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	16
Item 3.	Defaults Upon Senior Securities	16
Item 4.	Mine Safety Disclosures	16
Item 5.	Other Information	16
Item 6.	Exhibits	1617
SIGNATURES		1718

PART I - FINANCIAL INFORMATION

Item 1. Financial Statements

KALMIN CORP.

Consolidated Balance Sheets

	February 29			August 31,
	2020			2019
ASSETS
Current Assets
Cash and cash equivalents	$	2,790		$	1,848
Accounts receivable		329			478
Total Current Assets		3,119			2,326
TOTAL ASSETS	$	3,119		$	2,326
LIABILITIES AND STOCKHOLDERS' DEFICIT
Current Liabilities
Accounts payable and accrued liabilities	$	9,249		$	8,650
Accrued Interest		4,349			-
Convertible note		68,813			-
Advances from director		-			46,240
TOTAL LIABILITIES		82,411			54,890
STOCKHOLDERS' DEFICIT
Common stock, par value $0.001 per share, 75,000,000 shares authorized, 4,836,500 shares issued and outstanding		4,836			4,836
Additional paid-in capital		94,914			26,101
Retained earnings from discontinued operations		29,190			29,190
Accumulated deficit		(208,232	)		(112,691	)
Total Stockholders' Deficit		(79,292	)		(52,564	)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$	3,119		$	2,326

As of May 31, 2020 and August 31, 2019

~~The accompanying notes are an integral part of these unaudited financial statements.~~(Unaudited)

3 Table of Content

	May 31,			August 31,
	2020			2019

ASSETS
Current Assets
Cash and cash equivalents	$	2,790		$	1,848
Accounts receivable		329			478
Total Current Assets		3,119			2,326

TOTAL ASSETS	$	3,119		$	2,326

LIABILITIES AND STOCKHOLDERS’ DEFICIT
Current Liabilities
Accounts payable and accrued liabilities	$	12,511		$	8,650
Accrued Interest		8,745			-
Convertible notes		73,043			-
Advances from director		-			46,240
TOTAL LIABILITIES		94,299			54,890

STOCKHOLDERS’ DEFICIT
Common stock, par value $0.001 per share, 75,000,000 shares authorized, 4,836,500 shares issued and outstanding		4,836			4,836
Additional paid-in capital		99,144			26,101
Retained earnings from discontinued operations		29,190			29,190
Accumulated deficit		(224,350	)		(112,691	)
Total Stockholders’ Deficit		(91,180	)		(52,564	)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT	$	3,119		$	2,326

~~KALMIN~~The ~~CORP~~accompanying notes are an integral part of these unaudited financial statements.

~~Consolidated~~3 ~~Statements~~Table of ~~Operations~~Contents

~~(Unaudited)~~KALMIN CORP.

	For the Three Months Ended						For the Six Months Ended
	February29,			February 28,			February29,			February 28,
	2020			2019			2020			2019
REVENUES, NET OF FEES	$	-		$	500		$	794		$	500
OPERATING EXPENSES
General and administrative	$	6,523		$	11,213		$	23,173		$	19,769
Total Operating Expenses		6,523			11,213			23,173			19,769
OTHER EXPENSES
Interest expense		73,162			-			73,162			-
		73,162			-			73,162			-
Loss Before Income Taxes		(79,685	)		(10,713	)		(95,541	)		(19,269	)
Provision for Income Taxes		-			-			-			-
NET LOSS	$	(79,685	)	$	(10,713	)	$	(95,541	)	$	(19,269	)
Net loss per share: Basic and Diluted	$	(0.02	)	$	(0.00	)	$	(0.02	)		(0.00	)
Weighted Average Common Shares Outstanding - Basic and Diluted		4,836,500			4,836,500			4,836,500			4,836,500

Consolidated Statements of Operations

~~The~~For ~~accompanying~~the ~~notes~~nine ~~are~~months anended ~~integral~~May ~~part~~31, of2020 ~~these~~and ~~unaudited financial statements.~~2019

~~4 Table of Content~~(Unaudited)

KALMIN CORP.

	For the Three Months Ended						For the Nine Months Ended
	May31,			May 31,			May31,			May 31,
	2020			2019			2020			2019

REVENUES, NET OF FEES	$	-		$	1,157		$	794		$	1,657

OPERATING EXPENSES
General and administrative	$	7,492		$	6,475		$	30,665		$	26,244
Total Operating Expenses		7,492			6,475			30,665			26,244

OTHER EXPENSES
Interest expense		8,626			-			81,788			-
		8,626			-			81,788			-

Loss Before Income Taxes		(16,118	)		(5,318	)		(111,659	)		(24,587	)
Provision for Income Taxes		-			-			-			-
NET LOSS	$	(16,118	)	$	(5,318	)	$	(111,659	)	$	(24,587	)

Net loss per share: Basic and Diluted	$	(0.00	)	$	(0.00	)	$	(0.02	)		(0.01	)
Weighted Average Common Shares Outstanding - Basic and Diluted		4,836,500			4,836,500			4,836,500			4,836,500

~~Consolidated~~The ~~Statements~~accompanying notes are an integral part of ~~Stockholders’~~these ~~Equity~~unaudited ~~(Deficit)~~financial statements.

~~(Unaudited)~~4 Table of Contents

							Retained Earnings
					Additional		from
	Common Stock				Paid-in		Discontinued		Accumulated
	Number of Shares		Amount		Capital		Operations		Deficit			Total
Balance - August 31, 2019		4,836,500	$	4,836	$	26,101	$	29,190	$	(112,691	)	$	(52,564	)
Net loss		-		-		-		-		(15,856	)		(15,856	)
Balance - November 30, 2019		4,836,500	$	4,836	$	26,101	$	29,190	$	(128,547	)	$	(68,420	)
Note Beneficial Conversion Feature		-		-		68,813		-		-			68,813
Net loss		-		-		-		-		(79,685	)		(79,685	)
Balance - February 29, 2020		4,836,500	$	4,836	$	94,914	$	29,190	$	(208,232	)	$	(79,292	)

KALMIN CORP.

							Retained Earnings
					Additional		from
	Common Stock				Paid-in		Discontinued		Accumulated
	Number of Shares		Amount		Capital		Operations		Deficit			Total
Balance - August 31, 2018		4,836,500	$	4,836	$	30,404	$	29,190	$	(79,833	)	$	(15,403	)
Net loss		-		-		-		-		(8,556	)		(8,556	)
Balance - November 30, 2018		4,836,500	$	4,836	$	30,404	$	29,190	$	(88,389	)	$	(23,959	)
Net loss		-		-		-		-		(10,713	)		(10,713	)
Balance - February 28, 2019		4,836,500	$	4,836	$	30,404	$	29,190	$	(99,102	)	$	(34,672	)

Consolidated Statements of Stockholders’ Equity (Deficit)

~~The~~For ~~accompanying~~the ~~notes~~nine ~~are~~months anended ~~integral~~May ~~part~~31, of2020 ~~these~~and ~~unaudited financial statements.~~2019

~~5 Table of Content~~(Unaudited)

KALMIN CORP.

							Retained Earnings
	Common Stock				Additional		from
	Number of Shares		Amount		Paid-in Capital		Discontinued Operations		Accumulated Deficit			Total

Balance - August 31, 2019		4,836,500	$	4,836	$	26,101	$	29,190	$	(112,691	)	$	(52,564	)
Net loss		-		-		-		-		(15,856	)		(15,856	)
Balance - November 30, 2019		4,836,500	$	4,836	$	26,101	$	29,190	$	(128,547	)	$	(68,420	)
Note Beneficial Conversion Feature		-		-		68,813		-		-			68,813
Net loss		-		-		-		-		(79,685	)		(79,685	)
Balance - February 29, 2020		4,836,500	$	4,836	$	94,914	$	29,190	$	(208,232	)	$	(79,292	)
Note Beneficial Conversion Feature		-		-		4,230		-		-			4,230
Net loss		-		-		-		-		(16,118	)		(16,118	)
Balance - May 31, 2020		4,836,500	$	4,836	$	99,144	$	29,190	$	(224,350	)	$	(91,180	)

Consolidated Statements of Cash Flows

								Retained Earnings
	Common Stock				Additional			from
	Number of Shares		Amount		Paid-in Capital			Discontinued Operations		Accumulated Deficit			Total

Balance - August 31, 2018		4,836,500	$	4,836	$	30,404		$	29,190	$	(79,833	)	$	(15,403	)
Net loss		-		-		-			-		(8,556	)		(8,556	)
Balance - November 30, 2018		4,836,500	$	4,836	$	30,404		$	29,190	$	(88,389	)	$	(23,959	)
Acquisition of net assets		-		-		(4,303	)		-		-			(4,303	)
Net loss		-		-		-			-		(5,318	)		(5,318	)
Balance - February 28, 2019		4,836,500	$	4,836	$	26,101		$	29,190	$	(93,707	)	$	(33,580	)
Net loss		-		-		-			-		(5,318	)		(5,318	)
Balance - May 31, 2019		4,836,500	$	4,836	$	26,101		$	29,190	$	(99,025	)	$	(38,898	)

~~(Unaudited)~~The accompanying notes are an integral part of these unaudited financial statements.

	For the Six Months Ended
	February 29,			February 28,
	2020			2019
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$	(95,541	)	$	(19,269	)
Adjustments to reconcile net loss to net cash used in operating activities:
Note Discount Amortization		68,813			-
Changes in operating assets and liabilities:
Accounts receivable		148			(498	)
Accounts payable and accrued liabilities		600			(5,114	)
Accrued interest		4,349			-
Net cash used in operating activities		(21,631	)		(24,881	)
CASH FLOWS FROM INVESTING ACTIVITIES
Acquisition (Disposal) of net cash from No Tie LLC		-			53
Net cash provided by investing activities		-			53
CASH FLOWS FROM FINANCING ACTIVITIES
Advancement from director		-			24,881
Proceeds from issuance of convertible note		22,573			-
Net cash provided by financing activities		22,573			24,881
Net increase in cash and cash equivalents		942			53
Cash and cash equivalents - beginning of period		1,848			-
Cash and cash equivalents - end of period	$	2,790		$	53
Supplemental Cash Flow Disclosures
Cash paid for interest	$	-		$	-
Cash paid for income taxes	$	-		$	-
Non-Cash Investing and Financing Activity:
Note Beneficial Conversion Feature	$	68,813		$	-

Table of Contents

~~The~~KALMIN ~~accompanying notes are an integral part of these unaudited financial statements~~CORP.

6Consolidated ~~Table~~Statements of ~~Content~~Cash Flows

~~KALMIN~~For ~~CORP.~~the nine months ended May 31, 2020 and 2019

~~Notes to the Consolidated Financial Statements~~(Unaudited)

February 29, 2020

	For the Nine Months Ended
	May 31,			May31,
	2020			2019

CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$	(111,659	)	$	(24,587	)
Adjustments to reconcile net loss to net cash used in operating activities:
Note Discount Amortization		73,043			-
Changes in operating assets and liabilities:
Accounts receivable		149			(418	)
Accounts payable and accrued liabilities		3,861			(2,852	)
Accrued interest		8,745			-
Net cash used in operating activities		(25,861	)		(27,857	)

CASH FLOWS FROM INVESTING ACTIVITIES
Acquisition (Disposal) of net cash from No Tie LLC		-			53
Net cash provided by investing activities		-			53

CASH FLOWS FROM FINANCING ACTIVITIES
Advancement from director		-			28,594
Proceeds from issuance of convertible note		26,803			-
Net cash provided by financing activities		26,803			28,594

Net increase in cash and cash equivalents		942			790
Cash and cash equivalents - beginning of period		1,848			-
Cash and cash equivalents - end of period	$	2,790		$	790

Supplemental Cash Flow Disclosures
Cash paid for interest	$	-		$	-
Cash paid for income taxes	$	-		$	-

Non-Cash Investing and Financing Activity:
Note Beneficial Conversion Feature	$	73,043		$	-

~~(Unaudited)~~The accompanying notes are an integral part of these unaudited financial statements.

~~NOTE~~6 1Table –of ~~ORGANIZATION AND NATURE OF BUSINESS~~Contents

~~Kalmin~~KALMIN ~~Corp~~CORP. ~~(“the Company”) was incorporated on July 20, 2016 in the State of Nevada.~~

OnNotes ~~May~~to ~~4, 2018, as a result of a private transaction,~~ the ~~control~~Unaudited ~~block~~Consolidated ofFinancial voting stock of the Company, represented by 4,000,000 shares of common stock, was transferred from Jose Maria Galarza Gaona to Greenfields International Limited, and a change of control of Kalmin Corp. has occurred.Statements

~~Upon~~May ~~the change of control of the Company~~31, the existing directors and officers resigned immediately. Accordingly, Jose Maria Galarza Gaona, serving as director and President and Karel Astride Oulai, serving as Treasurer and Secretary, ceased to be the Company’s officers and directors. At the effective date of the transfer, Xie Qi Kang, age 36, assumed the role of director and Chief Executive Officer, President, Secretary and Treasurer of the Company.2020

~~Previous~~NOTE ~~Business~~1 – ORGANIZATION AND NATURE OF BUSINESS

~~From~~Kalmin ~~inception~~Corp. ~~until May 4, 2018,~~ (“the Company”) ~~manufactured~~was ~~and~~incorporated ~~sold the necessary equipment for drinking mate – kalabas and bombilla. With the change of control~~ on ~~May~~July 420, ~~2018,~~2016 ~~management determined it was~~ in the ~~best~~State ~~interest~~ of ~~the Company to seek new business opportunities~~Nevada.

~~Acquisition~~On May 4, 2018, as a result of a private transaction, the control block of voting stock of the Company, represented by 4,000,000 shares of common stock, was transferred from Jose Maria Galarza Gaona to Greenfields International Limited, and a change of control of Kalmin Corp. has occurred.

OnUpon ~~December~~the 1,change ~~2018,~~of control of the Company, ~~entered~~the ~~into~~existing adirectors ~~Share~~and ~~Sale~~officers ~~and~~resigned ~~Purchase~~immediately. ~~Agreement~~Accordingly, ~~(the~~Jose ~~“Agreement”)~~Maria ~~with~~Galarza NoGaona, ~~Tie~~serving ~~LLC~~as ~~(“No~~director ~~Tie”).~~and ~~Under~~President ~~the~~and ~~terms~~Karel ofAstride ~~the~~Oulai, ~~Agreement~~serving as Treasurer and Secretary, ceased to be the Company’s ~~have~~officers ~~agreed~~and todirectors. ~~purchase~~At ~~all~~the effective date of the ~~issued~~transfer, ~~and~~Xie ~~outstanding~~Qi ~~shares~~Kang, ofage No36, ~~Tie~~assumed ~~and~~the ~~its~~role ~~mobile~~of ~~application~~director ~~assets~~and ~~for~~Chief aExecutive ~~purchase~~Officer, ~~price~~President, ofSecretary ~~$37,500~~and (Treasurer of the ~~“Acquisition”)~~Company.

InPrevious ~~connection with the Agreement, the Company assumed certain ongoing responsibilities of No Tie, including maintaining Apple developer licenses and domain name registration and hosting.~~Business

~~The~~From ~~Acquisition~~inception ~~closed~~until onMay ~~January~~4, 252018, ~~2019~~the Company manufactured and sold the necessary equipment for drinking mate – kalabas and bombilla. AtWith ~~closing~~the change of control on May 4, No2018, ~~Tie~~management ~~became~~determined ait ~~subsidiary~~was in the best interest of ~~our~~the ~~company~~Company to seek new business opportunities.

~~Current Business~~Acquisition

~~Upon~~On ~~closing~~December 1, 2018, the Company entered into a Share Sale and Purchase Agreement (the “Agreement”) with No Tie LLC (“No Tie”). Under the terms of the ~~Acquisition~~Agreement, the Company ishave ~~now~~agreed anto ~~App~~purchase ~~business~~all ~~with~~of ~~120+~~the ~~Apps~~issued ~~primarily~~and ~~for~~outstanding ~~iPhone,~~shares ~~iPad~~of No Tie and ~~Apple~~its mobile application assets for a purchase price of $37,500 (the “Acquisition”).

~~NOTE~~In 2connection –with ~~GOING~~the ~~CONCERN~~Agreement, the Company assumed certain ongoing responsibilities of No Tie, including maintaining Apple developer licenses and domain name registration and hosting.

The ~~accompanying~~Acquisition ~~financial~~closed ~~statements~~on ~~have~~January ~~been prepared in conformity with accounting principles generally accepted in the United States (“GAAP”)~~25, ~~which contemplate continuation of the Company as a going concern~~2019. ~~The~~At ~~Company incurred an operating loss of $79~~closing,~~685~~ ~~during~~No ~~the~~Tie ~~six~~became months ended February 29, 2020 and has accumulated deficit of $208,232 from continued operations and retained earnings of $29,190 from discontinued operations as of February 29, 2020. The Company has not completed its efforts to establish a ~~stabilized~~subsidiary ~~source~~ of ~~revenues~~our ~~sufficient to cover operating costs over an extended period of time~~company. 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.

7Current ~~Table of Content~~Business

~~NOTE~~Upon 3closing –of ~~SUMMARY~~the OFAcquisition, ~~SIGNIFICANT~~the ~~ACCOUNTING~~Company ~~POLICIES~~is now an App business with 120+ Apps primarily for iPhone, iPad and Apple.

~~Basis~~NOTE of2 ~~presentation~~– GOING CONCERN

The accompanying ~~unaudited interim consolidated~~ financial statements have been prepared in ~~accordance~~conformity with accounting principles generally accepted in the United States (“GAAP”), ~~for~~which ~~interim~~contemplate ~~financial~~continuation ~~information~~of ~~and~~the inCompany ~~accordance~~as ~~with~~a going concern. The Company incurred an operating loss of $111,659 during the ~~instructions~~nine tomonths ~~Form~~ended ~~10-Q~~May 31, 2020 and ~~Article~~has 8accumulated deficit of ~~Regulation~~$224,350 ~~S-X.~~from Incontinued ~~the~~operations ~~opinion~~and retained earnings of ~~management~~$29,190 ~~all~~from ~~adjustments~~discontinued ~~(consisting~~operations as of ~~normal~~May ~~recurring~~31, ~~adjustments)~~2020. ~~considered~~The ~~necessary~~Company ~~for~~has anot ~~fair~~completed ~~presentation~~its ~~have~~efforts ~~been~~to ~~included.~~establish ~~Operating~~a ~~results~~stabilized ~~for~~source ~~the~~of ~~six~~revenues ~~months~~sufficient ~~ended~~to ~~February~~cover ~~29,~~operating ~~2020~~costs ~~are~~over ~~not~~an ~~necessarily~~extended ~~indicative~~period of time. Therefore, there is substantial doubt about the ~~results~~Company’s ability to continue as a going concern. Management anticipates that ~~may~~the Company will be ~~expected~~dependent, for the ~~year~~near ~~ending~~future, ~~August~~on ~~31,~~additional ~~2020.~~investment ~~Notes~~capital to ~~the~~fund ~~unaudited~~operating ~~interim~~expenses. ~~financial~~The ~~statements~~Company ~~that~~intends ~~would~~to ~~substantially~~position ~~duplicate~~itself ~~the~~so ~~disclosures~~that ~~contained~~it inwill ~~the~~be ~~audited~~able ~~financial~~to ~~statements~~raise ~~for~~additional ~~fiscal~~funds ~~year~~through ~~2019~~the ~~have~~capital ~~been omitted~~markets. ~~These~~In ~~interim~~light ~~financial~~of ~~statements~~management’s efforts, there are ~~condensed~~no ~~and~~assurances ~~should~~that the Company will be ~~read~~successful in ~~conjunction~~this ~~with~~or ~~the~~any ~~audited~~of ~~financial~~its ~~statements~~endeavors ~~and~~to ~~the~~become ~~footnotes~~financially ~~thereto~~viable ~~for~~and ~~the~~continue ~~fiscal~~as ~~year~~a ~~ended~~going ~~August~~concern. ~~31,~~These ~~2019~~financial ~~included~~statements indo ~~the~~not ~~Company’s~~include ~~Form~~any ~~10-K~~adjustments asthat ~~filed~~might ~~with~~be necessary if the ~~Securities~~Company ~~and~~is ~~Exchange~~unable ~~Commission~~to oncontinue ~~November~~as ~~29,~~a ~~2019~~going concern.

~~Principles~~7 Table of ~~Consolidation~~Contents

~~The~~NOTE ~~accompanying~~3 ~~consolidated~~– ~~financial~~SUMMARY ~~statements~~OF ~~include~~SIGNIFICANT ~~all~~ACCOUNTING ~~of the accounts of the Company and its wholly owned subsidiary, No Tie, LLC. All significant intercompany accounts and transactions have been eliminated.~~POLICIES

~~Reclassifications~~Basis of presentation

~~Certain~~The ~~amounts~~accompanying inunaudited ~~the~~interim ~~prior~~consolidated ~~period~~ financial statements have been ~~reclassified~~prepared toin ~~conform~~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 ~~current~~opinion ~~period~~of management, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation have been included. Operating results for the nine months ended May 31, 2020 are not necessarily indicative of the results that may be expected for the year ending August 31, 2020. Notes to the unaudited interim financial statements that would substantially duplicate the disclosures contained in the audited financial statements for fiscal year 2019 have been omitted. These ~~reclassifications~~interim ~~had~~financial nostatements ~~effect~~are oncondensed ~~reported~~and ~~consolidated~~should ~~net~~be ~~(loss)~~read in conjunction with the audited financial statements and the footnotes thereto for the fiscal year ended August 31, 2019 included in the Company’s Form 10-K as filed with the Securities and Exchange Commission on November 29, 2019.

~~Cash~~Principles ~~and~~of ~~Cash Equivalents~~Consolidation

The ~~Company~~accompanying ~~considers~~consolidated ~~all~~financial ~~highly~~statements ~~liquid~~include ~~instruments~~all ~~purchased~~of ~~with~~the anaccounts ~~original maturity~~ of ~~three~~the ~~months~~Company orand ~~less~~its towholly beowned ~~cash~~subsidiary, ~~equivalents.~~No ~~As of February 29~~Tie, ~~2020~~LLC. ~~and~~All ~~August~~significant ~~31,~~intercompany ~~2019,~~accounts ~~the cash~~ and ~~cash~~transactions ~~equivalents~~have isbeen ~~$2,790 and $1,848, respectively~~eliminated.

~~Use of Estimates~~Reclassifications

~~The~~Certain ~~preparation~~amounts ofin ~~financial~~the ~~statements~~prior inperiod ~~conformity~~financial ~~with~~statements ~~GAAP~~have ~~requires~~been ~~management~~reclassified to ~~make~~conform ~~estimates~~to ~~and assumptions that affect~~ the ~~reported~~current ~~amounts~~period ofpresentation. ~~assets~~These ~~and~~reclassifications ~~liabilities~~had ~~and~~no ~~disclosure~~effect ofon ~~contingent assets and liabilities at the date of the financial statements and the~~ reported ~~amount~~consolidated ofnet ~~revenues and expenses during the reporting period~~(loss). ~~Actual results could differ from those estimates.~~

~~Revenue~~Cash ~~Recognition~~and Cash Equivalents

The Company ~~recognizes~~considers ~~revenue~~all ~~from~~highly ~~the~~liquid ~~sale~~instruments purchased with an original maturity of ~~products~~three ~~and~~months ~~services~~or inless ~~accordance~~to ~~with~~be ~~Accounting~~cash ~~Standards~~equivalents. ~~Codification~~As ~~(“ASC”)~~of ~~606~~May 31, ~~Revenue~~ ~~from~~2020 ~~Contracts~~and ~~with~~August ~~Customers~~31, ~~using~~2019, the ~~following~~cash ~~five-step~~and ~~procedure:~~cash equivalents is $2,790 and $1,848, respectively.

~~Step~~Use 1:of ~~Identify the contract(s) with customers~~Estimates

~~Step~~The 2:preparation ~~Identify~~of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the ~~performance~~reported ~~obligations~~amounts inof assets and liabilities and disclosure of contingent assets and liabilities at the ~~contract~~date of the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.

~~Step~~Revenue ~~3: Determine the transaction price~~Recognition

~~Step~~The 4:Company ~~Allocate~~recognizes revenue from the ~~transaction~~sale ~~price~~of toproducts ~~performance~~and ~~obligations~~services in accordance with Accounting Standards Codification (“ASC”) 606, Revenue from Contracts with Customers, using the following five-step procedure:

Step 51: ~~Recognize~~Identify ~~revenue when~~ the ~~entity~~contract(s) ~~satisfies~~with ~~a performance obligation~~customers

~~The~~Step ~~Company~~2: ~~recognizes~~Identify ~~revenue when it satisfies its obligation by transferring control of~~ the ~~good or service to the customer. A~~ performance ~~obligation~~obligations isin ~~satisfied over time if one of~~ the ~~following criteria are met:~~contract

a.Step ~~the~~3: ~~customer~~Determine ~~simultaneously receives and consumes~~ the ~~benefits~~transaction 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.price

8Step ~~Table~~4: ofAllocate ~~Content~~the transaction price to performance obligations

~~The~~Step ~~Company’s~~5: ~~sales~~Recognize ~~are~~revenue ~~completed~~when ~~through an online platforms by third parties. The Company receives collection on payments either at~~ the ~~time~~entity ofsatisfies ~~sale,~~a orperformance ~~30 or 60 days subsequent to the sale.~~obligation

~~For~~The ~~products~~Company ~~and~~recognizes ~~services~~revenue ~~where~~when ~~collection~~it issatisfies ~~immediate,~~its obligation by transferring control of the ~~Company~~good ~~recognizes~~or ~~revenue~~service atto the customer. A performance obligation is satisfied over time if one of ~~sale.~~the following criteria are met:

~~Accounts~~a. ~~Receivable~~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.

~~The~~8 ~~Company~~Table ~~records accounts receivable in accordance with ASC 310, “Receivables.” Receivables consist~~ of mobile application sales that have been made, but cash has not yet been received. The terms of receivables are typically 60 days after sale. As of February, amounts of $329 was recorded as accounts receivable, 100% of which was due from one customer.Contents

~~Income~~The ~~Taxes~~Company’s sales are completed through an online platforms by third parties. The Company receives collection on payments either at the time of sale, or 30 or 60 days subsequent to the sale.

~~The~~For ~~Company~~products ~~accounts~~and ~~for~~services ~~income~~where ~~taxes~~collection ~~pursuant~~is ~~to ASC 740~~immediate, ~~Income~~ ~~Taxes. Deferred tax assets and liabilities are recorded for differences between~~ the ~~financial~~Company ~~statements~~recognizes ~~and~~revenue ~~tax~~at ~~basis of~~ the ~~assets~~time and liabilities that will result in taxable or deductible amounts in the future based on enacted tax laws and rates. Valuation allowances are established when necessary to reduce deferred tax assets to the amount expected to be realized. Income tax expense is recorded for the amount of ~~income tax payable or refundable for the period increased or decreased by the change in deferred tax assets and liabilities during the period~~sale.

~~Basic~~Accounts ~~and Diluted Net Loss Per Share~~Receivable

~~Net~~The ~~loss~~Company ~~per~~records ~~share~~accounts isreceivable ~~calculated~~ in accordance with ~~Codification~~ASC ~~topic 260~~310, “~~Earnings Per Share~~Receivables.” ~~for~~Receivables ~~the~~consist ~~periods~~of ~~presented.~~mobile ~~Basic~~application ~~net~~sales ~~loss~~that ~~per~~have ~~share~~been ismade, ~~computed~~but ~~using~~cash ~~the weighted average number of common shares outstanding. Diluted loss per share~~ has not yet been ~~presented because there are no dilutive items~~received. ~~Diluted~~The ~~net~~terms ~~loss~~of ~~per~~receivables ~~share is based on the assumption that all dilutive stock options, warrants, and convertible debt~~ are ~~converted~~typically or60 ~~exercised~~days byafter ~~applying the treasury stock method~~sale. ~~Under~~As ~~this method, options and warrants are assumed exercised at the beginning~~ of ~~the~~May ~~period~~31, ~~(or~~2020, atamounts ~~the time~~ of ~~issuance,~~$329 ifwas ~~later),~~recorded ~~and~~ as ifaccounts ~~funds obtained thereby were used to purchase common stock at the average market price during the period. Options~~receivable, ~~warrants~~100% ~~and/or convertible debt will have a dilutive effect, during periods~~ of ~~net~~which ~~profit,~~was ~~only~~due ~~when~~from ~~the~~one ~~average market price of the common stock during the period exceeds the exercise or conversion price of the items~~customer. ~~The Company has not issued any options or warrants or similar securities since inception.~~

~~For~~Income the six months ended February 29, 2020 and February 28, 2019, respectively, the following convertible notes were excluded from the computation of diluted net loss per shares as the result of the computation was anti-dilutive:Taxes

	February 29,		February 28,
	2020		2019
	(Shares)		(Shares)
Convertible notes payable		68,813,000		-

The Company accounts for income taxes pursuant to ASC 740, Income Taxes. Deferred tax assets and liabilities are recorded for differences between the financial statements and tax basis of the assets and liabilities that will result in taxable or deductible amounts in the future based on enacted tax laws and rates. Valuation allowances are established when necessary to reduce deferred tax assets to the amount expected to be realized. Income tax expense is recorded for the amount of income tax payable or refundable for the period increased or decreased by the change in deferred tax assets and liabilities during the period.

9Basic ~~Table~~and ofDiluted ~~Content~~Net Loss Per Share

~~Recent~~Net ~~Accounting~~loss ~~Pronouncements~~per share is calculated in accordance with Codification topic 260, “Earnings Per Share” for the periods presented. Basic net loss per share is computed using the weighted average number of common shares outstanding. Diluted loss per share has not been presented because there are no dilutive items. Diluted net loss per share is based on the assumption that all dilutive stock options, warrants, and convertible debt are converted or exercised by applying the treasury stock method. Under this method, options and warrants are assumed exercised at the beginning of the period (or at the time of issuance, if later), and as if funds obtained thereby were used to purchase common stock at the average market price during the period. Options, warrants and/or convertible debt will have a dilutive effect, during periods of net profit, only when the average market price of the common stock during the period exceeds the exercise or conversion price of the items. The Company has not issued any options or warrants or similar securities since inception.

~~Management~~For ~~has~~the ~~considered~~nine ~~all~~months ~~recent~~ended ~~accounting~~May ~~pronouncements~~31, ~~issued.~~2020 ~~The~~and ~~Company’s~~May ~~management~~31, ~~believes~~2019, ~~that~~respectively, ~~these~~the ~~recent~~following ~~pronouncements~~convertible ~~will~~notes ~~not~~were ~~have~~excluded afrom ~~material~~the ~~effect~~computation onof diluted net loss per shares as the ~~Company’s~~result ~~financial~~of ~~statements.~~the computation was anti-dilutive:

NOTE 4 – CONVERTIBLE NOTES

	May 31,		May 31,
	2020		2019
	(Shares)		(Shares)
Convertible notes payable		73,043,000		-

On9 ~~December~~Table ~~1, 2019, the Company issued a convertible note to an un-affiliated party~~ of $68,813 to replace the full amount of related party advances that had been provided to the Company. The convertible notes are due on demand, bear interest at 25% per annum and are convertible at $0.001 per share for the Company common stock. The discount on convertible notes from beneficial conversion feature of $68,813 was fully amortized during the six ended February 29, 2020. Contents

AsRecent ofAccounting ~~February 29, 2020, the Company owed convertible note payable of $68,813 and accrued interest of $4,349. During the six months ended February 29, 2020, the Company incurred interest expense of $4,349.~~ Pronouncements

~~NOTE~~Management 5has –considered ~~SUBSEQUENT~~all ~~EVENTS~~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.

~~Management~~NOTE ~~has~~4 ~~evaluated~~– ~~subsequent~~CONVERTIBLE ~~events through the date these financial statements were available to be issued. Based on our evaluation no material events have occurred that require disclosure.~~NOTES

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	March 31,			December 31,
	2020			2019
Convertible Notes - December 2019	$	68,813		$	-
Convertible Notes - March 2020		4,230			-
		73,043			-
		(73,043	)		-
Long-term convertible notes payable	$	-		$	-

On December 1, 2019, the Company issued a convertible note to an un-affiliated party of $68,813 to replace the full amount of related party advances that had been provided to the Company. The convertible notes are due on demand, bear interest at 25% per annum and are convertible at $0.001 per share for the Company common stock. The discount on convertible notes from beneficial conversion feature of $68,813 was fully amortized during the nine ended May 31, 2020.

On May 31, 2020, the Company issued a convertible note to an un-affiliated party of $4,230 to replace the full amount of related party advances that had been provided to the Company. The convertible notes are due on demand, bear interest at 25% per annum and are convertible at $0.001 per share for the Company common stock. The discount on convertible notes from beneficial conversion feature of $4,230 was fully amortized during the nine ended May 31, 2020.

As of May 31, 2020, the Company owed convertible note payable of $73,043 and accrued interest of $8,745. During the nine months ended May 31, 2020, the Company incurred interest expense of $8,745.

NOTE 5 – SUBSEQUENT EVENTS

Management has evaluated subsequent events through the date these financial statements were available to be issued. Based on our evaluation no material events have occurred that require disclosure.

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Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

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 Kalmin Corp. and our wholly-owned subsidiary, No Tie LLC, a New York limited liability corporation, unless otherwise indicated.

General Overview

We were incorporated under the laws of the State of Nevada on July 20, 2017, for the purpose of manufacturing and selling the necessary equipment for drinking mate - kalabas and bombilla.

On May 4, 2018, as a result of a private transaction, the control block of voting stock of our company, represented by 4,000,000 shares of common stock, was transferred from Jose Maria Galarza Gaona to Greenfields International Limited, resulting in a change of control.

Upon the change of control of our company, the existing directors and officers resigned immediately. Accordingly, Jose Maria Galarza Gaona, serving as director and President and Karel Astride Oulai, serving as Treasurer and Secretary, ceased to be officers and directors of our company. At the effective date of the transfer, Teddy Chen An, assumed the role of director and Chief Executive Officer, President, Secretary and Treasurer of our company.

11 Table of ~~Content~~Contents

With the change of control on May 4, 2018, management determined it was in the best interest of our company to seek new business opportunities.

On December 1, 2018, we entered into a Share Sale and Purchase Agreement (the “Agreement”) with No Tie LLC (“No Tie”). Under the terms of the Agreement, we have agreed to purchase all of the issued and outstanding shares of No Tie and its mobile application assets for a purchase price of $37,500 (the “Acquisition”). In connection with the Agreement, our company assumed certain ongoing responsibilities of No Tie, including maintaining Apple developer licenses and domain name registration and hosting.

In connection with the Agreement, our company assumed certain ongoing responsibilities of No Tie, including maintaining Apple developer licenses and domain name registration and hosting.

The assets acquired by our company consist of a significant portion of the assets used in the operation of the No Tie business, with the exception of, accounts receivable for sales made prior to the closing date for the developer accounts, cash on hand and all computers, printers and related accessories and technology equipment.

On December 2, 2018, we entered into a First Amendment to the Agreement, wherein the closing date of the Acquisition was extended from December 1, 2018 to on or before January 31, 2019. The Acquisition closed on January 25, 2019. At closing, No Tie became a subsidiary of our company.

Our principal executive offices are located at Osterbrogade 226 st. tv, Copenhagen, Denmark 2100. Our telephone number is (302)782-4171. We do not have a corporate website.

Other than as set out herein, we have not been involved in any bankruptcy, receivership or similar proceedings, nor have we been a party to any material reclassification, merger, consolidation or purchase or sale of a significant amount of assets not in the ordinary course of our business.

Our Current Business

Upon closing of the Acquisition, we are now an App business with 120+ Apps primarily for iPhone, iPad and Apple Watch with over six million downloads and awards from AARP, About.com, BestAppEver and more. Several of our Apps have consistently been ranked in the Top Ten in their categories, including #1 iPad Medical app.

Our Apps are available for download through the Apple App Store.

iOS Apps and Games

Our iPhone iOS portfolio includes 97 Apps, primarily consisting of ring tones. Our apps also include talking video greeting cards, games, Autism Speaking Soundboards and more.

Our iPad iOS portfolio includes 90 Apps, primarily consisting of ring tones. Our apps also include games, Autism Speaking Soundboards, iFAQs and more.

We currently have 1 apple TV App, Name That Candidate.

Our Mac Apps portfolio includes 2 ring tone Apps and 1 game.

12 Table of ~~Content~~Contents

Results of Operations

Three Months Ended ~~February~~May 2931, 2020 Compared to ~~February~~May 2831, 2019

Our operating results for the three months ended ~~February~~May 2931, 2020 and ~~February~~May 2831, 2019, and the changes between those periods for the respective items are summarized as follows:

	Three Months			Three Months
	Ended			Ended
	February 29,			February 28,
	May 31,			May 31,
	2020			2019			Changes
Revenues	$	-		$	~~500~~1,157		$	(~~500~~1,157	)
Operating Expenses	$	67,~~523~~492		$	116,~~213~~475		$	(41,~~690~~017	)
Other Expenses	$	738,~~162~~626		$	-		$	738,~~162~~626
Net loss	$	(7916,~~685~~118	)	$	(105,~~713~~318	)	$	(6810,~~972~~800	)

On December 1, 2018, we entered into a Share Sale and Purchase Agreement with No Tie LLC. The Acquisition closed on January 25, 2019. At closing, No Tie became a subsidiary of our company.

During the three months ended ~~February~~May 2931, 2020 and ~~February~~May 2831, 2019, we incurred total net loss of $7916,~~685~~118 and $105,~~713~~318, respectively.

We ~~recognized~~had ~~revenue~~no ~~of $NIL from mobile application~~ sales for the three months ended ~~February~~May 2931, 2020 as compared to $~~500~~1,157 revenue from mobile application sales during the three months ended ~~February~~May 2831, 2019. The Company started to recognize mobile application sales since the acquisition of No Tie LLC on January 25, 2019.

Operating expenses were $67,~~523~~492 for the three months ended ~~February~~May 2931, 2020, compared to $116,~~213~~475 for the three months ended ~~February~~May 2831, 2019 due to ~~decrease~~the increase in professional fees incurred with respect to the requirements for public reporting.

Other expenses incurred during the ~~six~~three months ended ~~February~~May 2931, 2020 were $738,~~162~~626 consisting of note discount amortization of $684,~~813~~230 and note interest of $4,~~349~~396.

~~Six~~Nine Months Ended ~~February~~May 2931, 2020 Compared to ~~February~~May 2831, 2019

Our operating results for the ~~six~~nine months ended ~~February~~May 2931, 2020 and ~~February~~May 2831, 2019, and the changes between those periods for the respective items are summarized as follows:

	Six Months			Six Months
	Nine Months			Nine Months
	Ended			Ended
	February 29,			February 28,
	May 31,			May 31,
	2020			2019			Changes
Revenues	$	794		$	~~500~~1,657		$	~~294~~(863	)
Operating Expenses	$	2330,~~173~~665		$	1926,~~769~~244		$	34,~~404~~421
Other Expenses	$	7381,~~162~~788		$	-		$	7381,~~162~~788
Net loss	$	(95111,~~541~~659	)	$	(1924,~~269~~587	)	$	(7687,~~272~~072	)

On December 1, 2018, we entered into a Share Sale and Purchase Agreement with No Tie LLC. The Acquisition closed on January 25, 2019. At closing, No Tie became a subsidiary of our company.

During the ~~six~~nine months ended ~~February~~May 2931, 2020 and ~~February~~May 2831, 2019, we incurred total net loss of $95111,~~541~~659 and $1924,~~269~~587, respectively.

13 Table of ~~Content~~Contents

We recognized revenue of $794 from mobile application sales for the ~~six~~nine months ended ~~February~~May 2931, 2020 as compared to $~~500~~1,657 during the ~~six~~nine months ended ~~February~~May 2831, 2019. The Company started to recognize mobile application sales since the acquisition of No Tie LLC on January 25, 2019.

Operating expenses were $2330,~~173~~665 for the ~~six~~nine months ended ~~February~~May 2931, 2020, compared to $1926,~~769~~244 for the ~~six~~nine months ended ~~February~~May 2831, 2019 due to the increase in professional fees incurred with respect to the requirements for public reporting.

Other expenses incurred during the ~~six~~nine months ended ~~February~~May 2931, 2020 were $7381,~~162~~788 consisting of note discount amortization of $6873,~~813~~043 and note interest of $48,~~349~~745.

Liquidity and Capital Resources

Working Capital

	As of			As of
	February 29,			August 31,
	May 31,			August 31,
	2020			2019			Changes
Current Assets	$	3,119		$	2,326		$	793
Current Liabilities	$	8294,~~411~~299		$	54,890		$	2739,~~521~~409
Working Capital (Deficiency)	$	(7991,~~292~~180	)	$	(52,564	)	$	(2638,~~728~~616	)

As of ~~February~~May 2931, 2020, we had a working capital deficit of $7991,~~292~~180 compared to a working capital deficit of $52,564 as of August 31, 2019. The increase in working capital deficiency was mainly due to the increase in convertible note issued for payment made for operation expense on behalf of the Company.

Cash Flows

	Six Months			Six Months
	Nine Months			Nine Months
	Ended			Ended
	February 29,			February 28,
	May 31,			May 31,
	2020			2019			Changes
Net cash used in operating activities	$	(2125,~~631~~861	)	$	(2427,~~881~~857	)	$	31,~~250~~996
Net cash provided by investing activities	$	-		$	53		$	(53	)
Net cash provided by financing activities	$	2226,~~573~~803		$	2428,~~881~~594		$	(21,~~308~~791	)
Net increase in cash and cash equivalents	$	942		$	53790		$	~~889~~152

Cash Flow from Operating Activities

During the ~~six~~nine months ended ~~February~~May 2931, 2020, net cash used in operating activities was $2125,~~631~~861, related to our net loss of $95111,~~541~~659, decreased by note discount amortization of $6873,~~813~~043 and net changes in operating assets and liabilities of $512,~~097~~755.

During the ~~six~~nine months ended ~~February~~May 2831, 2019, net cash used in operating activities was $1927,~~269~~857, related to our net loss of $1924,~~269~~587, ~~increase~~increased by net changes in operating assets and liabilities of $53,~~612~~270.

Cash Flow from Investing Activities

During the ~~six~~nine months ended ~~February~~May 2931, 2020, we had no investing activities.

During the ~~six~~nine months ended ~~February~~May 2831, 2019, net cash provided by investing activities was $53 from acquisition of net cash from No Tie LLC.

14 Table of ~~Content~~Contents

Cash Flow from Financing Activities

During the ~~six~~nine months ended ~~February~~May 2931, 2020 and ~~February~~May 2831, 2019, net cash provided by financing activities was $2226,~~573~~803 from proceeds from issuance of convertible note and $2428,~~881from~~594 from advancement from the director, respectively.

Off-Balance Sheet Arrangements

We have no off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that is material to stockholders.

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.

An evaluation was conducted under the supervision and with the participation of our management of the effectiveness of the design and operation of our disclosure controls and procedures as of ~~February~~May 2931, 2020. Based on that evaluation, our management concluded that our disclosure controls and procedures were not effective as of such date to ensure that information required to be disclosed in the reports that we file or submit under the Exchange Act, is recorded, processed, summarized and reported within the time periods specified in SEC rules and forms. Such officer also confirmed that there was no change in our internal control over financial reporting during the three month period ended ~~February~~May 2931, 2020 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

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 ~~February~~May 2931, 2020 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

15 Table of ~~Content~~Contents

PART II - OTHER INFORMATION

Item 1. Legal Proceedings

From time to time, we may become involved in litigation relating to claims arising out of its operations in the normal course of business. We are not involved in any pending legal proceeding or litigation and, to the best of our knowledge, no governmental authority is contemplating any proceeding to which we area party or to which any of our properties is subject, which would reasonably be likely to have a material adverse effect on us.

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.

Table of Contents

Item 6. Exhibits

Exhibit Number		Description
(31)		Rule 13a-14 (d)/15d-14d) Certifications
31.1*		Section 302 Certification by the Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer
(32)		Section 1350 Certifications
32.1*		Section 906 Certification by the Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer
101*		Interactive Data File
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.

1617 Table of ~~Content~~Contents

SIGNATURES

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

	KALMIN CORP.
	(Registrant)
Dated: April 20, 2020		/s/ Xie Qi Kang
Dated: July 14, 2020		/s/ Xie Qi Kang
		Xie Qi Kang
		President, Chief Executive Officer, Secretary, Treasurer and Director
		(Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer)

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