UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

~~|X| QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15~~(d)Mark ~~OF THE~~One)

x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2016

~~For the quarterly period ended March 31, 2016~~Or

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

~~|_|~~Commission ~~TRANSITION~~File ~~REPORT~~Number: ~~PURSUANT TO SECTION 13 OR 15(d) OF THE~~000-52725

~~SECURITIES EXCHANGE ACT OF 1934~~SmartChase Corp.

Commission file number 000-52725

SMARTCHASE CORP.

(Exact name of registrant as specified in its charter)

Nevada	20-4765268
(State of incorporation)	(I.R.S. Employer ID No.)
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)
343 Preston Street, 11th Floor, Ottawa, ON, K1S 1N4
343 Preston Street, 11th Floor, Ottawa, ON	K1S 1N4
(514) 290-8863
(Address of principal executive offices)	(Zip Code)
(Issuer's Telephone Number)

~~Indicate by check mark whether the registrant~~ (1514) 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.290-8863

~~Yes~~(Registrant’s |telephone Xnumber, ~~| No~~including area ~~| |~~code)

~~Indicate~~Securities byregistered ~~check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted~~ pursuant to ~~Rule 405 of Regulation S-T~~ section 12(~~§232.405~~b) of ~~this chapter) during~~ the ~~preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes [X] No [ ]~~Act:

~~Indicate~~Title byof ~~check~~Each ~~mark~~Class ~~whether~~Trading ~~the~~Symbol(s) ~~Registrant~~Name ~~is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See definition~~ of ~~"accelerated~~each ~~filer~~exchange ~~and~~on ~~large~~which ~~accelerated~~registered ~~filer"~~Not inapplicable ~~Rule~~Not ~~12b-2~~applicable ofNot ~~the Exchange Act.~~applicable

~~Large~~Indicate ~~Accelerated~~by ~~Filer~~check |mark |whether ~~Accelerated~~the ~~Filer~~registrant has |filed |all ~~Non-accelerated~~reports ~~Filer~~required ~~(Do~~to ~~not~~be ~~check~~filed ifby ~~smaller~~Section ~~reporting~~13 ~~company~~or 15(d) |of |the ~~Smaller~~Securities ~~Reporting~~Exchange ~~Company~~Act ~~|X|~~of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports).

~~Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).~~ Yes ~~| X |~~ ☐ No ~~| |~~x

AtIndicate ~~May~~by 3,check ~~2016,~~mark whether the ~~Registrant~~registrant has ~~had~~been ~~33,942,563~~subject ~~common~~to ~~shares~~such ~~and~~filing ~~nil~~requirements ~~preferred~~for ~~shares~~the ~~outstanding~~past 90 days.

SMARTCHASE CORP.
Index To Form 10-Q
For the Quarterly Period Ended March 31, 2016
		Page
PART I	FINANCIAL INFORMATION
Item 1	Financial Statements (Unaudited)
	Unaudited Condensed Balance Sheets as of March 31, 2016 and December 31, 2015	1
	Unaudited Condensed Statements of Operations for the three months ended March 31, 2016 and 2015	2
	Unaudited Condensed Statements of Cash Flows for the three months ended March 31, 2016 and 2015	3
	Notes to the Unaudited Condensed Financial Statements	4
Item 2	Management's Discussion and Analysis of Financial Condition and Results of Operation	8
Item 3	Quantitative and Qualitative Disclosures About Market Risk	11
Item 4	Controls and Procedures	11
PART II	OTHER INFORMATION
Item 1	Legal Proceedings	12
Item 2	Unregistered Sales of Equity Securities and Use of Proceeds	12
Item 3	Defaults Upon Senior Securities	12
Item 4	Mine Safety Disclosures	12
Item 5	Other Information	12
Item 6	Exhibits	13
Signatures		14

Yes x No ☐

~~PART~~Indicate Iby 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. ~~FINANCIAL~~405 of ~~INFORMATION~~this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).

~~ITEM~~Yes ~~1. FINANCIAL~~☐ No ~~STATEMENTS~~x

SMARTCHASE CORP.
CONDENSED BALANCE SHEET
(Expressed in US Dollars)
	March 31, 2016			December 31, 2015
	(Unaudited)			(Audited)
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	29,006		$	118,743
Prepaid expenses		8,625			10,500
TOTAL ASSETS		37,631			129,243
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
CURRENT LIABILITIES
Accounts payable	$	6,330		$	5,211
Accounts payable – related party		-			25,728
Related party loan		-			45,779
		6,330			76,718
Convertible Debentures (net of debt discount)		160,714			142,857
Interest Payable		8,750			-
TOTAL LIABILITIES		175,794			219,575
STOCKHOLDERS' EQUITY (DEFICIT)
Common stock; $0.001 par value; 195,000,000 shares authorized; 33,942,563 shares issued and outstanding as of March 31, 2016 and December 31, 2015		33,943			33,943
Additional paid-in capital		851,313			851,313
Accumulated deficit		(1,023,419	)		(975,588	)
TOTAL STOCKHOLDERS' EQUITY (DEFICIT)		(138,163	)		(90,332	)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	$	37,631		$	129,243

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.

~~The~~Large ~~accompanying~~accelerated ~~notes~~filer ~~are~~☐ anAccelerated ~~integral~~filer ~~part~~☐ ofNon-accelerated ~~these~~filer ~~condensed~~☐ ~~financial~~Smaller ~~statements.~~reporting company x Emerging growth company ☐

1If 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. ☐

SMARTCHASE CORP.
CONDENSED STATEMENTS OF OPERATIONS
(Unaudited)
(Expressed in US Dollars)
	Three Months Ended			Three Months Ended
	March 31, 2016			March 31, 2015
OPERATING EXPENSES
General and administrative		11,940			5,567
Transfer Agent and filing fees		4,634			1,910
Professional fees		4,650			3,500
Total Operating Expenses		21,224			10,977
LOSS FROM OPERATIONS		(21,224	)		(10,977	)
OTHER EXPENSES:
Financing expense		(26,607	)		-
Foreign currency transaction gain (loss)		-			1,911
		(26,607	)		1,911
NET (LOSS) GAIN		(47,831	)		(9,067	)
NET (LOSS) PER SHARE - BASIC AND DILUTED	$	(0.00	)	$	(0.00	)
WEIGHTED AVERAGE COMMON EQUIVALENT
SHARES OUTSTANDING - BASIC AND DILUTED		33,942,563			21,442,563

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes x No ☐

The ~~accompanying~~number ~~notes~~of ~~are~~shares anoutstanding ~~integral~~of ~~part~~the ofregistrant’s ~~these~~common stock ~~condensed~~on ~~financial~~December ~~statements~~12, 2019, was 33,942,563.

2TABLE OF CONTENTS

SMARTCHASE CORP.
STATEMENTS OF CASH FLOWS
(Unaudited)
(Expressed in US Dollars)
	Three Months Ended			Three Months Ended
	March 31,			March 31,
	2016			2015
CASH FLOW FROM OPERATING ACTIVITIES:
Net (loss) gain	$	(47,831	)	$	(9,067	)
Adjustments to reconcile net loss to net cash used
In operating activities:
Depreciation and amortization		-			-
Stock-based compensation		-			-
Amortization of debt discount		17,857			-
Changes in operating assets and liabilities:
(Increase) decrease in prepaid		1,875			-
Increase (decrease) in interest payable		8,750			-
Increase (decrease) in accounts payable and accrued expenses		(24,609	)		1,925
Net cash used in operating activities		(43,958	)		(7,142	)
CASH FLOW FROM FINANCING ACTIVITIES:
Advances from (repayment to) related party		(45,779	)		9,841
Net cash provided by financing activities		(45,779	)		9,841
NET INCREASE (DECREASE) IN CASH		(89,737	)		2,699
CASH AND CASH EQUIVALENTS, Beginning of period		118,743			744
CASH AND CASH EQUIVALENTS, End of period	$	29,006		$	3,443

PART I—FINANCIAL INFORMATION	1
Item 1. Financial Statements	1
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations	7
Item 3. Quantitative and Qualitative Disclosures About Market Risk	10
Item 4. Controls and Procedures	10
PART II—OTHER INFORMATION	11
Item 6. Exhibits	11
SIGNATURES	11

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

3PART I—FINANCIAL INFORMATION

~~SMARTCHASE~~Item ~~CORP~~1. Financial Statements

~~Notes~~Smartchase toCorporation ~~the~~ Condensed ~~Financial~~Balance ~~Statements~~Sheet (Expressed in US Dollars)

March 31, 2016

	June 30, 2016 (Unaudited)			December 31, 2015 (Audited)

ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	6,258		$	118,743
Prepaid expenses		6,750			10,500
TOTAL ASSETS	$	13,008		$	129,243

LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
CURRENT LIABILITIES
Accounts payable and accrued liabilities	$	(2,136	)	$	5,211
Accounts payable - related party		–			25,728
Related party loan		–			45,779
		(2,136	)		76,718

Convertible debentures (net of debt discount)		178,571			–
Interest payable		17,500			142,857
TOTAL LIABILITIES		193,935			219,575

STOCKHOLDERS' EQUITY (DEFICIT)
Common stock; $0.001 par value; 195,000,000 shares authorized; 33,942,563 shares issued and outstanding as of June 30, 2016 and December 31, 2015		33,943			33,943
Additional paid-in capital		851,313			851,313
Accumulated deficit		(1,066,183	)		(975,588	)
TOTAL STOCKHOLDERS' EQUITY (DEFICIT)		(180,927	)		(90,332	)

Total Liabilities and Stockholders' Equity (Deficit)	$	13,008		$	129,243

~~NOTE~~The 1accompanying -notes ~~CONDENSED~~are ~~FINANCIAL~~an ~~STATEMENTS~~integral part of these condensed financial statements.

The accompanying condensed financial statements have been prepared by the Company without audit. In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations and cash flows at March 31, 2016 and for all periods presented have been made.1

~~Certain~~Smartchase ~~information~~Corporation ~~and~~Condensed ~~footnote~~Statements ~~disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States~~ of ~~America~~Operations ~~have~~(Unaudited) ~~been~~(Expressed ~~condensed or omitted. It is suggested that these condensed financial statements be read~~ in ~~conjunction~~US with the financial statements and notes thereto included in the Company's December 31, 2015 audited financial statements. The results of operations for the period ended March 31, 2016 are not necessarily indicative of the operating results for the full year.Dollars)

NOTE 2 - GOING CONCERN

	Three Months Ended June 30,						Six Months Ended June 30,
	2016			2015			2016			2015

OPERATING EXPENSES
General and administrative	$	12,534		$	4,560		$	24,474		$	10,129
Transfer agent and filing fees		3,623			1,933			8,257			3,843
Professional fees		–			1,750			4,650			5,250
Total Operating Expenses		16,157			8,243			37,381			19,222

LOSS FROM OPERATIONS		(16,157	)		(8,243	)		(37,381	)		(19,222	)

OTHER EXPENSES:
Financing expense		(26,607	)		–			(53,214	)		–
Foreign currency transaction gain (loss)		–			(680	)		–			1,231

NET (LOSS) GAIN	$	(42,764	)	$	(8,923	)	$	(90,595	)	$	(17,990	)

NET (LOSS) PER SHARE - BASIC AND DILUTED	$	–		$	–		$	–		$	–

WEIGHTED AVERAGE COMMON EQUIVALENT SHARES OUTSTANDING - BASIC AND DILUTED		33,942,563			33,942,563			33,942,563			33,942,563

These financial statements have been prepared in accordance with generally accepted accounting principles applicable to a going concern which contemplates the realization of assets and the satisfaction of liabilities and commitments in the normal course of business. As of March 31, 2016, the Company has accumulated operating losses of approximately $1,023,419. The ~~Company's~~accompanying ~~ability~~notes toare ~~continue~~an asintegral apart ~~going concern is contingent upon the successful completion~~ of ~~additional~~these ~~financing~~condensed ~~arrangements~~financial ~~and its ability to achieve and maintain profitable operations~~statements. Management plans to raise equity capital to finance the operating and capital requirements of the Company. While the Company is putting forth its best efforts to achieve the above plans, there is no assurance that any such activity will generate funds that will be available for operations.

~~These conditions raise substantial doubt about the Company's ability to continue as a going concern. These financial statements do not include any adjustments that might arise from this uncertainty.~~2

~~NOTE~~Smartchase Corporation 3Condensed -Statements ~~SIGNIFICANT~~of ~~ACCOUNTING~~Cash ~~POLICIES~~Flows (Unaudited) (Expressed in US Dollars)

The Company's financial statements are prepared using the accrual method of accounting. The Company has elected a December 31 year-end.

	Six Months Ended June 30, 2016			Six Months Ended June 30, 2015

CASH FLOW FROM OPERATING ACTIVITIES:
Net (loss) gain	$	(90,595	)	$	(17,990	)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization		–			–
Stock-based compensation		–			–
Amortization of debt discount		–			–

Changes in operating assets and liabilities:
(Increase) decrease in prepaid		3750			–
Increase (decrease) in interest payable		17,500			–
Increase (decrease) in accounts payable and accrued expenses		(7,347	)		2,632
Net cash used in operating activities		(76,692	)		(15,358	)

CASH FLOW FROM FINANCING ACTIVITIES:
Convertible debentures discount amortization		35,714			–
Advances from (repayment to) related party		(71,507	)		16,411
Net cash provided by financing activities		(35,793	)		16,411

NET INCREASE (DECREASE) IN CASH		(112,485	)		1,053

CASH AND CASH EQUIVALENTS, Beginning of period		118,743			744

CASH AND CASH EQUIVALENTS, End of period	$	6,258		$	1,797

~~Basis~~The accompanying notes are an integral part of ~~Accounting~~these condensed financial statements.

~~The basis is United States generally accepted accounting principles.~~3

~~Use~~SMARTCHASE ~~of Estimates~~CORP.

~~The~~Notes ~~preparation of financial statements in conformity with generally accepted accounting principles requires management~~ to ~~make estimates and assumptions that affect~~ the ~~reported~~Condensed amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.Financial Statements

4June 30, 2016

~~SMARTCHASE~~NOTE ~~CORP.~~1- CONDENSED FINANCIAL STATEMENTS

~~Notes~~The accompanying condensed financial statements have been prepared by the Company without audit. In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the ~~Condensed~~financial ~~Financial~~position, ~~Statements~~results of operations and cash flows at June 30, 2016 and for all periods presented have been made.

~~March~~Certain ~~31,~~information ~~2016~~and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. It is suggested that these condensed financial statements be read in conjunction with the financial statements and notes thereto included in the Company's December 31, 2015 audited financial statements. The results of operations for the period ended June 30, 2016 are not necessarily indicative of the operating results for the full year.

NOTE 32 - ~~SIGNIFICANT~~GOING ~~ACCOUNTING POLICIES (continued)~~CONCERN

~~Revenue~~These ~~Recognition~~financial statements have been prepared in accordance with generally accepted accounting principles applicable to a going concern which contemplates the realization of assets and the satisfaction of liabilities and commitments in the normal course of business. As of June 30, 2016, the Company has accumulated operating losses of approximately $1,066,183. The Company's ability to continue as a going concern is contingent upon the successful completion of additional financing arrangements and its ability to achieve and maintain profitable operations. Management plans to raise equity capital to finance the operating and capital requirements of the Company. While the Company is putting forth its best efforts to achieve the above plans, there is no assurance that any such activity will generate funds that will be available for operations.

~~The~~These ~~Company~~conditions ~~recognizes~~raise ~~revenue~~substantial ondoubt about ~~an accrual basis. Revenue is generally realized or realizable and earned when all of~~ the ~~following criteria are met: 1) persuasive evidence of an arrangement exists between the~~ Company ~~and our customer(~~'s); 2)ability ~~services~~to ~~have~~continue ~~been~~as ~~rendered;~~a 3)going ~~our~~concern. ~~price~~These tofinancial ~~our~~statements ~~customer~~do isnot ~~fixed~~include orany ~~determinable;~~adjustments ~~and~~that 4)might arise ~~collectability~~from isthis ~~reasonably assured~~uncertainty.

~~Income~~NOTE ~~taxes~~3 - SIGNIFICANT ACCOUNTING POLICIES

The Company's accounts for its income taxes in accordance with FASB ASC Topic 740-10, "Income Taxes", which requires recognition of deferred tax assets and liabilities for future tax consequences attributable to differences between the financial ~~statement~~statements ~~carrying amounts of existing assets and liabilities and their respective tax bases and tax credit carry-forwards. Deferred tax assets and liabilities~~ are prepared ~~measured~~ using ~~enacted tax rates expected to apply to taxable income in~~ the ~~years~~accrual inmethod ~~which~~of ~~those temporary differences are expected to be recovered or settled~~accounting. The ~~effect~~Company onhas ~~deferred~~elected ~~tax assets and liabilities of~~ a ~~change~~December in31 ~~tax rates is recognized in income in the period that includes the enactment date~~year-end.

~~Net~~Basis ~~Loss~~of ~~Per Common Share~~Accounting

~~FASB~~The ~~ASC~~basis Topic 260-10, "Earnings per Share", requires presentation of "basic" and "diluted" earnings per share on the face of the statements of operations for all entities with complex capital structures. Basic earnings per share is ~~computed~~United byStates ~~dividing~~generally ~~net~~accepted ~~income~~accounting ~~by the weighted average number of common shares outstanding for the period~~principles. Diluted earnings per share reflect the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted during the period. Dilutive securities having an anti- dilutive effect on diluted earnings per share are excluded from the calculation.

~~Stock-Based~~Use ~~Compensation~~of Estimates

The ~~Company~~preparation ~~has~~of ~~adopted~~financial ~~FASB~~statements in ~~ASC~~conformity ~~Topic~~with ~~718-10,~~generally ~~"Compensation-~~accepted ~~Stock~~accounting ~~Compensation"~~principles ~~("ASC~~requires ~~718-10")~~management ~~which~~to ~~requires~~make ~~the~~estimates ~~measurement~~ and ~~recognition~~assumptions ofthat ~~compensation~~affect the ~~expense~~reported ~~for~~amounts ~~all~~of ~~stock-based~~assets ~~payment~~and ~~awards~~liabilities ~~made to employees~~ and ~~directors.~~disclosure ~~Under the fair value recognition provisions~~ of ~~ASC~~contingent ~~718-10,~~assets ~~stock-based~~and ~~compensation~~liabilities ~~cost is measured~~ at the ~~grant~~ date ~~based~~of on the ~~value~~financial statements ofand the ~~award~~reported ~~and~~amounts isof ~~recognized~~revenues asand ~~expense~~expenses ~~over~~during the ~~vesting~~reporting period. Actual results could differ from those estimates.

Determining the fair value of stock-based awards at the grant date requires considerable judgment, including estimating the expected future volatility of our stock price, estimating the expected length of term of granted options and selecting the appropriate risk-free rate. There is no established trading market for our stock.4

~~Financial~~SMARTCHASE ~~instruments~~CORP.

~~The~~Notes ~~fair value of the Company's financial assets and financial liabilities approximate their carrying values due~~ to the ~~immediate~~Condensed ~~or short-term maturity of these financial instruments.~~Financial Statements

5June 30, 2016

~~SMARTCHASE~~NOTE ~~CORP.~~3 - SIGNIFICANT ACCOUNTING POLICIES (continued)

~~Notes~~Revenue ~~to the Condensed Financial Statements~~Recognition

~~March~~The ~~31,~~Company ~~2016~~recognizes revenue on an accrual basis. Revenue is generally realized or realizable and earned when all of the following criteria are met: 1) persuasive evidence of an arrangement exists between the Company and our customer(s); 2) services have been rendered; 3) our price to our customer is fixed or determinable; and 4) collectability is reasonably assured.

~~NOTE~~Income ~~3 - SIGNIFICANT ACCOUNTING POLICIES (continued)~~taxes

~~Cash~~The Company accounts for its income taxes in accordance with FASB ASC Topic 740-10, “Income Taxes”, which requires recognition of deferred tax assets and ~~Cash~~liabilities for ~~Equivalents~~future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and tax credit carry-forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.

~~The~~Net ~~Company~~Loss ~~considers~~Per ~~all~~Common highly liquid instruments with a maturity of three months or less at the time of issuance to be cash equivalents. The Company maintains its cash in bank deposit accounts, which, at times, may exceed federally insured limits. Management does not believe the Company is exposed to significant credit risk. Management, as well, does not believe the Company is exposed to significant interest rate and foreign currency fluctuation risks during the period presented in these financial statements. As at March 31, 2016 and December 31, 2015, the Company has cash equivalents in the amount of $ nil and $ nil that are over the federally insured limit.Share

~~Foreign~~FASB ~~Currency~~ASC ~~Translation~~Topic 260-10, “Earnings per Share”, requires presentation of "basic" and "diluted" earnings per share on the face of the statements of operations for all entities with complex capital structures. Basic earnings per share is computed by dividing net income by the weighted average number of common shares outstanding for the period. Diluted earnings per share reflect the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted during the period. Dilutive securities having an anti- dilutive effect on diluted earnings per share are excluded from the calculation.

~~The~~Financial Company's functional and reporting currency is the United States dollar. Occasional transactions may occur in Canadian dollars and management has adopted FASB ASC topic 830 "Foreign Currency Matters". Monetary assets and liabilities denominated in foreign currencies are translated using the exchange rate prevailing at the balance sheet date. Non-monetary assets and liabilities denominated in foreign currencies are translated at rates of exchange in effect at the date of the transaction. Average monthly rates are used to translate revenues and expenses. Gains and losses arising on translation or settlement of foreign currency denominated transactions or balances are included in the determination of income. The Company has not, to the date of these financials statements, entered into derivative instruments ~~to offset the impact of foreign currency fluctuations.~~

~~NOTE~~The 4fair –value ~~RELATED~~of ~~PARTY~~the ~~TRANSACTIONS~~Company’s financial assets and financial liabilities approximate their carrying values due to the immediate or short-term maturity of these financial instruments.

AsCash ~~of March 31, 2016, nil is owed to related parties (December 31, 2015 - $71,507). During the quarter, $45,779 was repaid to the Company's President for loans~~ and ~~payments~~Cash ~~made directly to vendors on behalf of the Company and $25,728 was paid to a company controlled by the Company's Chief Executive Officer for professional services rendered.~~Equivalents

~~NOTE~~The 5Company –considers ~~STOCKHOLDER'S~~all ~~EQUITY~~highly liquid instruments with a maturity of three months or less at the time of issuance to be cash equivalents. The Company maintains its cash in bank deposit accounts, which, at times, may exceed federally insured limits. Management does not believe the Company is exposed to significant credit risk. Management, as well, does not believe the Company is exposed to significant interest rate and foreign currency fluctuation risks during the period presented in these financial statements. As at June 30, 2016 and December 31, 2015, the Company has cash equivalents in the amount of $ nil and $ nil that are over the federally insured limit.

AsForeign ofCurrency ~~March 31, 2016 there were 33,942,563 shares of common stock issued and outstanding and nil shares of preferred stock issued and outstanding.~~Translation

~~During~~The Company’s functional and reporting currency is the ~~year~~United ~~ended~~States ~~December~~dollar. ~~31,~~Occasional ~~2014,~~transactions anmay ~~aggregate~~occur in Canadian dollars and management has adopted FASB ASC topic 830 “Foreign Currency Matters”. Monetary assets and liabilities denominated in foreign currencies are translated using the exchange rate prevailing at the balance sheet date. Non-monetary assets and liabilities denominated in foreign currencies are translated at rates of ~~62,500~~exchange ~~preferred~~in ~~shares~~effect at the date of ~~stock~~the ~~were~~transaction. ~~converted~~Average ~~into~~monthly ~~12,500,000~~rates ~~shares~~are used to translate revenues and expenses. Gains and losses arising on translation or settlement of ~~common~~foreign ~~stock~~currency atdenominated atransactions ~~conversion~~or ~~rate~~balances are included in the determination of ~~200~~income. The Company has not, to 1the date of these financials statements, entered into derivative instruments to offset the impact of foreign currency fluctuations.

SMARTCHASE CORP.

Notes to the Condensed Financial Statements

~~March~~June 3130, 2016

NOTE 64 – ~~RECENT~~RELATED ~~ACCOUNTING~~PARTY ~~PRONOUNCEMENTS~~TRANSACTIONS

~~During~~As ~~the~~of ~~year~~June ~~ended December 31~~30, ~~2015~~2016, ~~the~~$Nil ~~Company~~is ~~has~~owed ~~elected~~ to ~~early~~related parties ~~adopt~~(December ~~Accounting~~31, ~~Standards~~2015 ~~Update No. 2014~~-~~10,~~ ~~Development Stage Entities (Topic 915~~$71,507)~~: Elimination of Certain Financial Reporting Requirements~~. ~~The~~ ~~adoption~~Interest expense of ~~this~~$8,750 ~~ASU~~was ~~allows~~accrued ~~the~~on ~~Company~~related toparty ~~remove~~convertible ~~the~~debentures ~~inception~~during ~~to date information and all references to development stage~~the quarter.

NOTE 75 -– ~~CONVERTIBLE NOTE PAYABLE~~STOCKHOLDERS’ EQUITY

OnAs ~~December 31, 2015, the Company sold convertible debentures at a price~~ of ~~$1,000~~June ~~per convertible debenture to a related party for an aggregate of $250~~30,~~000~~ ~~(the~~2016 ~~"Convertible~~there ~~Debenture").~~were ~~The debentures have a term of eighteen (18) months from December 31~~33, ~~2015 (the "Maturity Date")~~942,563 shares ~~bear interest at a rate~~ of ~~14% per annum, payable on the Maturity Date, shall be converted into~~ common ~~shares~~stock ofissued ~~the~~and ~~Corporation~~outstanding ~~("Debenture Shares") at the following conversion prices: $0.07 per share within six (6) months of issuance, $0.10 per share between six (6) to twelve (12) months,~~ and ~~$0.15~~nil ~~per~~shares ~~share between twelve (12) to eighteen (18) months. During the fiscal year ended December 31, 2015, the Company accounted for the beneficial conversion feature~~ of ~~the~~preferred ~~Convertible~~stock ~~Debenture~~issued ~~in the amount of $107,143, which was recorded as a discount~~ and ~~amortized over the life of the Convertible Debenture~~outstanding.

NOTE 86 – ~~RECLASSIFICATION~~RECENT OFACCOUNTING ~~PRIOR YEAR PRESENTATION~~PRONOUNCEMENTS

~~Certain~~During ~~prior~~the year ~~amounts~~ended ~~have~~December ~~been~~31, reclassified for consistency with the current period presentation. These reclassifications had no effect on the reported results of operations. At the conclusion of the first quarter interim review of fiscal 2015, the Company ~~concluded~~has ~~that~~elected ~~it was appropriate~~ to ~~reclassify~~early ~~certain~~adopt ~~accounting~~Accounting ~~and~~Standards ~~administrative~~Update ~~fees to general & administrative fees~~No. ~~Previously,~~ ~~such fees had been classified as professional fees. Accordingly~~2014-10, ~~the~~Development ~~Company~~Stage ~~has~~Entities ~~revised~~(Topic ~~the~~915): ~~classification to~~Elimination of ~~the~~Certain ~~Statements~~Financial ofReporting ~~Operations~~Requirements. ~~This~~The ~~change~~adoption inof ~~classification~~this ~~does~~ASU ~~not~~allows ~~materially~~the ~~affect~~Company ~~previously~~to ~~reported~~remove ~~cash~~the ~~flows~~inception ~~from~~to ~~operations~~date ininformation and ~~the~~all ~~Statements~~references ofto ~~Cash~~development ~~Flows for any period~~stage.

NOTE 97 – CONVERTIBLE ~~SUBSEQUENT~~NOTE ~~EVENTS~~PAYABLE

On December 31, 2015, the Company sold convertible debentures at a price of $1,000 per convertible debenture to a related party for an aggregate of $250,000 (the “Convertible Debenture”). The debentures have a term of eighteen (18) months from December 31, 2015 (the “Maturity Date”), bear interest at a rate of 14% per annum, payable on the Maturity Date, shall be converted into common shares of the Corporation ("Debenture Shares") at the following conversion prices: $0.07 per share within six (6) months of issuance, $0.10 per share between six (6) to twelve (12) months, and $0.15 per share between twelve (12) to eighteen (18) months. During the fiscal year ended December 31, 2015, the Company ~~has~~accounted ~~evaluated~~for ~~subsequent~~the ~~events~~beneficial ~~through~~conversion feature of the ~~date~~Convertible Debenture in the ~~financial~~amount of ~~statements~~$107,143, ~~are~~which ~~issued~~was recorded as a discount and ~~believes~~amortized ~~there~~over ~~are~~the nolife ~~events~~of the Convertible Debenture. As of June 30, 2016, the unamortized balance of the discount was $71,429 (December 31, 2015 - $107,143). Subsequent to ~~disclose~~year end, the maturity date has been extended indefinitely as per the allowances in the contractual agreement and interest will continue to accumulate until the debt has been discharged.

7NOTE 8 – RECLASSIFICATION OF PRIOR YEAR PRESENTATION

~~ITEM~~Certain 2prior year amounts have been reclassified for consistency with the current period presentation. ~~MANAGEMENT'S~~These ~~DISCUSSION~~reclassifications ~~AND~~had ~~ANALYSIS~~no OFeffect ~~FINANCIAL~~on ~~CONDITION~~the ~~AND~~reported ~~RESULTS~~results OFof ~~OPERATIONS~~operations.

~~Forward-Looking~~NOTE ~~Information~~9 – SUBSEQUENT EVENTS

~~This~~The ~~quarterly~~Company ~~report~~has ~~contains~~evaluated ~~forward-looking~~subsequent ~~statements~~events through asthe ~~that~~date ~~term is defined in~~ the ~~Private Securities Litigation Reform Act of 1995. These statements relate to future events or our future~~ financial ~~performance. In some cases, you can identify forward-looking~~ statements byare ~~terminology~~issued ~~such~~and ~~as "may", "should", "expects", "plans", "anticipates", "~~believes", ~~"estimates",~~there ~~"predicts", "potential", or "continue" or the negative of these terms or other comparable terminology. These statements~~ are ~~only~~no ~~predictions~~events ~~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 future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements~~disclose.

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.6

~~Our~~Item ~~financial~~2. ~~statements~~Management’s ~~are~~Discussion ~~stated~~and inAnalysis ~~United~~of ~~States~~Financial ~~Dollars~~Condition ~~(US$)~~ and ~~are~~Results ~~prepared~~of in accordance with United States Generally Accepted Accounting Principles. In this quarterly report, unless otherwise specified, all dollar amounts are expressed in United States dollars. All references to "common shares" refer to the common shares in our capital stock.Operations

InThis ~~this~~Management’s ~~Form~~Discussion 10and Analysis of Financial Condition and Results of Operations contain certain forward-Qlooking ~~references~~statements. Historical results may not indicate future performance. Our forward-looking statements reflect our current views about future events; are based on assumptions and are subject to ~~"SmartChase",~~known ~~"the~~and ~~Company"~~unknown risks and uncertainties that could cause actual results to differ materially from those contemplated by these statements. Factors that may cause differences between actual results and those contemplated by forward-looking statements include, ~~"we"~~but are not limited to, ~~"us"~~those discussed above and ~~"our"~~in ~~refer~~“Risk Factors.” We undertake no obligation to ~~SmartChase~~publicly update ~~Corp~~or revise any forward-looking statements, including any changes that might result from any facts, events, or circumstances after the date hereof that may bear upon forward-looking statements. Furthermore, we cannot guarantee future results, events, levels of activity, performance, or achievements

~~Limited~~Our ~~Operating~~financial statements ~~History~~are stated in United States Dollars (US$) and are prepared in accordance with United States Generally Accepted Accounting Principles. In this Quarterly Report on Form 10-Q (the “Form 10-Q”), unless otherwise specified, all dollar amounts are expressed in United States dollars. All references to “common shares” refer to the common shares in our capital stock.

~~There~~In isthis ~~limited~~Form 10-Q ~~historical~~references ~~financial information about our company upon which~~ to ~~base~~“SmartChase,” an evaluation of our future performance. We are a development stage corporation and have generated limited revenues from operations. We cannot guarantee that we will be successful in our business operations. We are subject to risks inherent in the ~~establishment~~“Company,” ~~of a new business enterprise~~“we,” ~~including~~“us” ~~limited capital resources~~ and ~~possible~~“our” refer ~~delays in the exploitation of business opportunities. We may fail~~ to ~~adopt~~SmartChase ~~a business model and strategize effectively or fail to revise our business model and strategy should industry conditions and competition change~~Corp.

WeLimited Operating ~~have limited resources and there is no assurance that future financing will be available to us on acceptable terms. Additional equity financing could result in dilution to existing shareholders.~~History

~~Overview~~There is limited historical financial information about our company upon which to base an evaluation of ~~Operations~~our future performance. We are a development stage corporation and have generated limited revenues from operations. We cannot guarantee that we will be successful in our business operations. We are subject to risks inherent in the establishment of a new business enterprise, including limited capital resources and possible delays in the exploitation of business opportunities. We may fail to adopt a business model and strategize effectively or fail to revise our business model and strategy should industry conditions and competition change.

We ~~were~~have ~~incorporated~~limited resources inand ~~the~~there ~~State~~is ofno ~~Nevada~~assurance onthat ~~April~~future ~~24,~~financing ~~2006,~~will asbe ~~Political~~available ~~Calls,~~to ~~Inc. We~~us ~~maintain~~on ~~our~~acceptable ~~statutory registered agent's office at 701 S~~terms. ~~Carson~~Additional ~~St.,~~equity ~~Ste.~~financing could ~~200,~~result ~~Carson~~in ~~City,~~dilution NVto ~~89701~~existing ~~and our principal executive offices are located at 343 Preston Street, 11th Floor, Ottawa, ON, K1S 1N4~~shareholders. ~~Our telephone number is (514) 290-8863.~~

~~The original business plan~~ Overview of the Company consisted of marketing telephone broadcasting messages for political campaigns. On November 23, 2008, the Board of Directors and the majority vote of the Company's shareholders voted and approved a name change of the Company from Political Calls, Inc. to Northern Empire Energy Corp., to signify the Company's business direction in oil and gas exploration.Operations

8We were incorporated in the State of Nevada on April 24, 2006, as Political Calls, Inc. We maintain our statutory registered agent's office at 6910 S. Cimarron Rd., Suite 240, Las Vegas, NV, 89113 and our principal executive offices are located at 343 Preston Street, 11th Floor, Ottawa, ON, K1S 1N4. Our telephone number is (514) 290-8863.

InThe ~~December~~original ~~2009~~business plan weof ~~entered~~the ~~into~~Company aconsisted ~~"Formal Option to Purchase and Sale Agreement~~ of ~~Petroleum~~marketing ~~and~~telephone ~~Natural~~broadcasting ~~Gas~~messages ~~Rights"~~for ~~with~~political ancampaigns. On ~~Alberta~~November ~~Corporation~~23, ~~and~~2008, the ~~purchased~~Board ~~certain~~of ~~petroleum~~Directors and ~~natural gas rights within~~ the ~~Province~~majority ofvote ~~Alberta for a total purchase price~~ of ~~$471,524~~the ~~($500,000.00 Canadian Dollars). The~~ Company's ~~was~~shareholders ~~unable~~voted ~~to secure additional financing to conduct exploration~~ and ~~drill~~approved ~~wells~~a onname ~~its~~change ~~oil~~of ~~and~~the ~~gas~~Company ~~properties~~from Political ~~and consequently~~Calls, ~~during~~Inc. ~~the~~to ~~year~~Northern ~~ended~~Empire ~~December~~Energy 31Corp., ~~2010,~~to ~~became~~signify athe ~~shell~~Company's ~~corporation~~business ~~whose~~direction ~~sole~~in ~~purpose~~oil ~~at this time is to locate~~ and ~~consummate~~gas ~~a merger and/or acquisition with an operating entity~~exploration.

OnIn December 32009, ~~2014,~~ we ~~amended~~entered ~~our~~into ~~Articles~~a of“Formal ~~Incorporation~~Option to ~~change~~Purchase ~~our~~and ~~name~~Sale ~~from~~Agreement ~~"Northern~~of ~~Empire~~Petroleum ~~Energy~~and ~~Corp."~~Natural toGas ~~"SmartChase~~Rights” ~~Corp."~~with ~~(the~~an ~~"Name~~Alberta Corporation ~~Change") to~~and ~~better~~purchased ~~reflect~~certain ~~the~~petroleum ~~Company's~~and ~~new~~natural ~~business~~gas ~~direction~~rights ~~pursuing~~within ~~business~~the ~~opportunities~~Province inof ~~the~~Alberta ~~digital~~for ~~media~~a ~~sector~~total purchase price of $471,524 ~~with~~($500,000.00 anCanadian ~~initial~~Dollars). We ~~focus~~were onunable ~~the~~to ~~development~~secure ~~and~~additional ~~utilization~~financing ofto ~~mobile~~conduct ~~apps. We~~exploration ~~were~~and ~~unsuccessful~~drill inwells on our ~~efforts~~oil toand ~~locate~~gas ~~suitable~~properties ~~business~~and, ~~opportunities~~consequently, induring the ~~digital~~year ~~media~~ended ~~sector~~December 31, ~~and~~2010, aswe became a ~~result~~shell wecorporation ~~have~~whose sole purpose at that time until the present has been ~~seeking~~and ~~other~~is ~~viable~~to ~~business~~locate ~~opportunities~~and ~~for~~consummate ~~the~~a ~~Company~~merger and/or acquisition with an operating entity.

We have no employees and own no property. We do not intend to perform any further operations until a merger or acquisition candidate is located and a merger or acquisition consummated. We are a "shell company" whose sole purpose at this time is to locate and consummate a merger and/or acquisition with an operating entity.7

~~Plan~~On December 3, 2014, we amended our Articles of ~~Operation~~Incorporation to change our name from “Northern Empire Energy Corp.” to “SmartChase Corp.” (the “Name Change”) to better reflect our new business direction pursuing business opportunities in the digital media sector, with an initial focus on the development and utilization of mobile apps. We were unsuccessful in our efforts to locate suitable business opportunities in the digital media sector, and as a result we have been seeking other viable business opportunities for the Company.

~~Currently,~~We wehave ~~are~~no aemployees and ~~development~~own ~~stage~~no ~~corporation~~property. A ~~development~~We ~~stage~~do ~~corporation~~not isintend ~~one~~to ~~engaged~~perform inany ~~the~~further ~~search~~operations ofuntil ~~business~~a ~~opportunities,~~merger ~~successful~~or ~~negotiation~~acquisition ~~and~~candidate ~~closing~~is oflocated and a ~~business~~merger or acquisition consummated. We are a “shell company” whose sole purpose at this time is to locate and ~~furthering~~consummate a ~~its~~merger ~~business~~and/or ~~plan~~acquisition with an operating entity.

~~Our~~Plan ~~plan~~ of operation for the next twelve months will be to pursue business opportunities in the Information Technology sector. Our business plan is focused on providing customized technology platforms to small businesses in a way that is tailored to their needs. By combining easy-to-use on-site devices and the power of the cloud we intend to bring the latest technology directly into to the place of business allowing for small businesses to communicate, manage data, and improve efficiency. Operation

InCurrently, ~~the event~~ we are ~~unable~~a todevelopment ~~execute~~stage ~~our~~corporation. ~~business~~A ~~plan,~~development westage ~~will~~corporation ~~then~~is ~~(i)~~one ~~consider~~engaged ~~guidelines of industries~~ in ~~which~~the wesearch ~~may~~of ~~have an interest; (ii) adopt a~~ business ~~plan~~opportunities, ~~regarding~~successful negotiation ~~engaging in business in any selected industry;~~ and ~~(iii)~~closing ~~commence~~of ~~such~~a ~~operations~~business ~~through~~acquisition ~~funding~~ and~~/or~~ ~~the~~furthering ~~acquisition~~its ofbusiness ~~an operating entity engaged in any industry selected~~plan.

~~Results~~Our plan of ~~Operations~~operation for the next twelve months will be to pursue business opportunities in the Financial Information Technology (“Fintech”) sector. Our business plan is focused on providing customized technology platforms to small businesses and independent financial advisors in a way that is tailored to their needs. By combining easy-to-use on-site devices and the power of the cloud we intend to bring the latest technology directly into to the place of business allowing for small businesses to communicate, manage data, and improve efficiency.

WeIn ~~did~~the ~~not~~event ~~generate~~we are unable to execute our business plan, we will then (i) consider guidelines of industries in which we may have an interest; (ii) adopt a business plan regarding engaging in business in any ~~revenues~~selected ~~during~~industry; and (iii) commence such operations through funding and/or the ~~three~~acquisition ~~month~~of ~~periods~~an ~~ended~~operating ~~March~~entity ~~31,~~engaged ~~2016~~in ~~and~~any ~~2015~~industry selected.

~~During the three month periods ended March 31, 2016 and 2015, much~~ Results of the Company's resources were directed at maintaining the Company in good standing and identifying new business opportunities. We currently have no definitive agreements or understanding with any prospective business combination candidates.Operations

~~For~~We did not generate any revenues during the three-month ~~months~~periods ended ~~March~~June 3130, 2016 and 2015 or in the six-month periods ended June 30, 2016 and 2015, respectively. During the six-month periods ended June 30, 2016 and 2015, much of our resources were directed at maintaining the Company in good standing and identifying new business opportunities. On May 30, 2019, we signed a binding Memorandum of Understanding (“MOU”) with a related party to acquire 90% of the outstanding shares of Northern Coast Asset Management Inc. (“NCAM”), a Canadian manufacturer of alternative investment funds. Besides the MOU, we currently have no definitive agreements or understanding with any prospective business combination candidates.

WeFor ~~had a net loss of $(47,831) during~~ the three months ended ~~March~~June 3130, 2016 ~~compared~~and ~~to a net loss of $(9,067) during the same period ended March 31,~~ 2015~~. The change is explained below.~~

~~Operating~~We ~~expenses~~had ~~for~~a ~~the~~net ~~three~~loss of ~~months ended March 31, 2016 totaled~~ $ ~~21,224~~ (~~2015- $~~10,~~977~~450) ~~consisting~~during ofthe $three ~~11,940~~months inended ~~general~~June ~~and administrative expenses (2015 - $5~~30,~~567),~~ ~~$4,634~~2016 incompared ~~transfer~~to ~~agent~~a ~~and~~net ~~filing~~loss ~~fees (2015 - $1,910) and professional fees~~ of $~~4,650~~ (~~2015 - $3~~8,~~500~~923)~~. Operating~~ ~~expenses were greater~~ during the ~~three~~same ~~months~~period ended ~~March~~June 3130, 2015. ~~2016~~The ~~primarily~~change asis aexplained result of as additional administrative and filing fees as the company initiated certain changes in its management and business direction in anticipation of pursuing new business opportunities in the Information Technology sectorbelow.

9Operating expenses for the three months ended June 30, 2016 totaled $16,157 (2015- $8,243) consisting of $12,534 in general and administrative expenses (2015 - $4,560), $3,623 in transfer agent and filing fees (2015 - $1,933) and professional fees of $0 (2015 - $1,750). Operating expenses were greater during the three months ended June 30, 2016 primarily as a result of additional administrative and filing fees as the Company initiated certain changes in its management and business direction in anticipation of pursuing new business opportunities in the Fintech sector.

~~During the three months ended March 31, 2016 the Company incurred financing and interest expenses of $26,608 from the issuance of the $250,000 Convertible Debenture (2015 - nil).~~8

WeDuring ~~are subject to risks inherent in~~ the ~~establishment~~three months ofended aJune ~~new~~30, ~~business~~2016, ~~enterprise. We~~we ~~may~~incurred ~~fail~~financing ~~to adopt a business model~~ and ~~strategize~~interest ~~effectively~~expenses orof ~~fail~~$26,607 tofrom ~~revise~~the ~~our~~issuance ~~business~~of ~~model~~the and strategy should industry conditions and competition change. We have limited resources and there is no assurance that future financing will be available to our Company on acceptable terms. These conditions could further impact our business and have an adverse effect on our financial position$250,000 ~~results~~Convertible Debenture of(2015 ~~operations~~- ~~and/or cash flows~~$0).

~~Liquidity~~For ~~and~~the ~~Capital~~six months ~~Resources~~ended June 30, 2016 and 2015

AtWe ~~March 31, 2016, we~~ had ~~current~~a ~~assets~~net loss of $37(90,~~631~~595) ~~and~~during ~~current~~the ~~liabilities~~six ofmonths ~~$6,330~~ended ~~resulting~~June ~~in working capital of $ 31~~30,~~301~~ 2016 compared to ~~$129,243~~a innet ~~current assets~~loss ~~and total current liabilities~~ of $76(17,~~718~~990) ~~for~~during the ~~year~~same period ended ~~December~~June 3130, 2015. The change is explained below.

~~Net~~Operating ~~cash from (used in) operating activities was $(43,958) and $(7,142)~~ expenses for the ~~three~~six months ended ~~March~~June 3130, 2016 ~~and~~totaled ~~2015~~$37,381 ~~respectively. Cash~~(2015- ~~from financing activities was~~ $~~(45~~19,~~779~~221) ~~and~~consisting of $924,~~841~~474 ~~for~~in ~~the~~general ~~three~~and ~~months~~administrative ~~ended~~expenses (2015 ~~March~~- 31$ 10,129), ~~2016 and 2015~~$8,257 ~~respectively. Cash~~in ~~from~~transfer ~~financing~~agent ~~activities~~and ~~during~~filing ~~the~~fees ~~three~~(2015 ~~months~~- ~~ended March 31~~$3,843) ~~2015~~and ~~was~~professional ~~due~~fees toof ~~working~~$4,650 ~~capital~~(2015 ~~advances~~- ~~from~~$5,250). ~~our~~Operating expenses ~~President~~were greater during the ~~period. During~~six ~~the three~~ months ended ~~March~~June 3130, 2016, ~~$45,779~~primarily ~~was~~as ~~repaid~~a toresult ~~our~~of ~~President~~additional ~~towards~~administrative ~~the~~and ~~balance~~filing offees as the ~~working~~Company ~~capital~~initiated ~~loan~~certain ~~and~~changes asin atits ~~March~~management ~~31,~~and ~~2016,~~business ~~our~~direction ~~President~~in ~~has~~anticipation ~~been~~of ~~repaid~~pursuing new business opportunities in ~~full~~the Fintech sector.

WeDuring ~~generated no revenue during~~ the ~~three~~ six months ended ~~March~~June 3130, 2016~~. We do not anticipate generating any revenues for the foreseeable future. Since inception~~, we ~~have~~incurred ~~used~~financing ~~our~~and ~~common~~interest ~~stock~~expenses toof ~~raise money to fund our business operations~~$53,214 ~~for corporate expenses and to repay outstanding indebtedness. We did not receive any cash~~ from the ~~sale~~issuance of ~~shares during~~ the ~~three~~$250,000 ~~month~~Convertible Debenture ~~period~~(2015 ~~ended~~- ~~March~~$ ~~31, 2016~~0).

We doare ~~not have enough money~~ subject to ~~meet~~risks ~~our~~inherent ~~cash~~in ~~requirements~~the ~~for~~establishment ~~the~~of ~~next~~a ~~twelve~~new ~~months,~~business asenterprise. weWe ~~have~~may ~~yet~~fail to ~~commence~~adopt ~~operations,~~a ~~have~~business ~~not~~model ~~generated~~and ~~any~~strategize ~~revenues~~effectively or ~~and~~fail ~~there~~to ~~can~~revise beour nobusiness ~~assurance~~model ~~that~~and westrategy ~~can~~should ~~generate~~industry ~~significant~~conditions ~~revenues~~and ~~from~~competition ~~operations~~change. ~~During~~ ~~the~~We ~~next~~have ~~twelve~~limited ~~months~~resources and wethere ~~expect~~is tono ~~incur~~assurance ~~indebtedness~~that ~~for~~future ~~administrative~~financing ~~and~~will ~~professional~~be ~~charges~~available ~~associated~~to ~~with~~us ~~preparing,~~on ~~reviewing,~~acceptable ~~auditing~~terms. ~~and~~These ~~filing~~conditions ~~our~~could ~~financial~~further ~~statements~~impact our business and ~~our~~have ~~periodic~~an ~~and~~adverse ~~other~~effect ~~disclosure~~on ~~documents~~our tofinancial ~~maintain~~position, ~~the~~results ~~Company~~of inoperations ~~good~~and/or ~~standing~~cash flows.

~~The Company's management is exploring a variety of options to meet the Company's cash requirements~~ Liquidity and ~~future~~Capital capital requirements, including the possibility of equity offerings, debt financing and business combinations. There can be no assurance that the Company will be able to raise additional capital, and if the Company is unable to raise additional capital, it will unlikely be able to continue as a going concern.Resources

~~Going~~At ~~Concern~~June 30, 2016, we had current assets of $13,008 and current liabilities of $(2,136) resulting in working capital of $15,144 compared to $129,243 in current assets and total current liabilities of $76,718 for the year ended December 31, 2015.

AsNet ofcash ~~the~~from (used ~~date~~in) ofoperating ~~this~~activities ~~report~~was $(90,595) ~~there~~and is$(17,990) ~~substantial~~for ~~doubt~~the ~~regarding~~six ~~our~~months ~~ability~~ended toJune ~~continue~~30, as2016 aand ~~going~~2015, ~~concern~~respectively. asCash from wefinancing ~~have~~activities ~~not~~was ~~generated~~$(35,793) ~~sufficient~~and ~~cash~~$16,411 ~~flow~~for tothe ~~fund~~six ~~our~~months ~~business~~ended ~~operations. The~~June ~~financial~~30, ~~statements~~2016 ~~included~~and in2015, ~~this~~respectively. Cash ~~report~~from financing ~~have~~activities ~~been~~during ~~prepared~~the onsix ~~the~~months ~~going~~ended ~~concern~~June ~~basis~~30, ~~which~~2016 ~~assumes~~was ~~that~~due ~~we will be able~~ to ~~realize~~working ~~our~~capital ~~assets~~advances ~~and~~from ~~discharge~~ our ~~obligations~~previous inPresident during the ~~normal course of business~~period. If weDuring ~~are~~the ~~not~~six tomonths ~~continue~~ended asJune a30, ~~going~~2016, ~~concern~~$71,507 wewas ~~would~~repaid ~~likely not be able~~ to ~~realize~~ our ~~assets~~previous atPresident ~~values~~towards ~~comparable to~~ the ~~carrying~~balance of ~~value or~~ the ~~fair~~working ~~value~~capital ~~estimates~~loan ~~reflected~~and inas ~~the~~at ~~balances~~June ~~set~~30, ~~out~~2016, inour ~~the~~President ~~preparation~~has ofbeen ~~the~~repaid ~~financial~~in ~~statements~~full.

~~Our~~We ~~future~~generated ~~success~~no revenue ~~and~~during ~~viability~~the six months ended June 30, ~~therefore~~2016. We do not anticipate generating any revenues for the foreseeable future. Since inception, ~~are~~we ~~dependent~~have ~~upon~~used our ~~ability~~common stock to ~~generate~~raise ~~capital~~money ~~financing. The~~to ~~failure~~fund our business operations, for corporate expenses and to ~~generate~~repay ~~sufficient~~outstanding indebtedness. ~~revenues~~We ordid ~~raise~~not ~~additional~~receive ~~capital~~any ~~may~~cash ~~have~~from athe ~~material~~sale ~~and~~of ~~adverse~~shares ~~effect~~during ~~upon~~the ussix-month ~~and~~period ~~our~~ended ~~shareholders~~June 30, 2016.

10We do not have enough money to meet our cash requirements for the next twelve months, as we have yet to commence operations, have not generated any revenues and there can be no assurance that we can generate significant revenues from operations. During the next twelve months, we expect to incur indebtedness for administrative and professional charges associated with preparing, reviewing, auditing and filing our financial statements and our periodic and other disclosure documents to maintain the Company in good standing.

~~Off-Balance~~Our ~~Sheet~~management is ~~Arrangements~~exploring a variety of options to meet our cash requirements and future capital requirements, including the possibility of equity offerings, debt financing and business combinations. There can be no assurance that we will be able to raise additional capital, and if we are unable to raise additional capital, we will unlikely be able to continue as a going concern.

We do not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results or operations, liquidity, capital expenditures or capital resources that is material to investors.9

~~Contractual~~Going ~~Obligations~~Concern

~~None~~As of the date of this Form 10-Q, there is substantial doubt regarding our ability to continue as a going concern as we have not generated sufficient cash flow to fund our business operations. The financial statements included in this Form 10-Q have been prepared on the going concern basis, which assumes that we will be able to realize our assets and discharge our obligations in the normal course of business. If we are not to continue as a going concern, we would likely not be able to realize our assets at values comparable to the carrying value or the fair value estimates reflected in the balances set out in the preparation of the financial statements.

~~Critical~~Our ~~Accounting~~future ~~Policies~~success and viability, therefore, are dependent upon our ability to generate capital financing. The failure to generate sufficient revenues or raise additional capital may have a material and adverse effect upon us and our shareholders.

~~There have been no material changes in our existing accounting policies and estimates from the disclosures included in our 2015 Form 10~~Off-K,Balance Sheet ~~except for the newly adopted accounting policies as disclosed in the interim financial statements.~~Arrangements

~~ITEM~~We 3.do ~~QUANTITATIVE~~not ~~AND~~have any ~~QUALITATIVE~~off-balance ~~DISCLOSURES~~sheet ~~ABOUT~~arrangements ~~MARKET~~that ~~RISK~~have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results or operations, liquidity, capital expenditures or capital resources that is material to investors.

~~Pursuant to Item 305(e) of Regulation S-K, the Company, as a smaller reporting company, is not required to provide the information required by this item.~~Contractual Obligations

~~ITEM 4~~None. ~~CONTROLS AND PROCEDURES~~

~~Evaluation~~Critical Accounting ~~of Disclosure Controls and Procedures~~Policies

InThere ~~connection~~have ~~with~~been no ~~the~~material ~~preparation~~changes ofin ~~this Quarterly Report on Form 10-Q, an evaluation was carried out by~~ our ~~management,~~existing ~~with~~accounting ~~the~~policies ~~participation of our Principal Executive Officer~~ and ~~our~~estimates ~~Principal~~from ~~Financial Officer, of~~ the ~~effectiveness~~disclosures ofincluded ~~our disclosure controls and procedures (as defined~~ in ~~Rules~~our ~~13a-15(e)~~Form ~~and 15d~~10-~~15(e)~~K offor the ~~Securities~~year ended ~~Exchange~~December ~~Act~~31, ~~of 1934~~2015, asexcept ~~amended~~for (the ~~"Exchange~~newly ~~Act")),~~adopted accounting policies as ofdisclosed ~~March~~in ~~31,~~the ~~2016~~interim financial statements.

~~Based~~Item on that evaluation, our Principal Executive Officer and our Principal Financial Officer have concluded that, as of March 31, 2016, our disclosure controls and procedures were not effective to detect the inappropriate application of US GAAP rules3. ~~This~~Quantitative ~~was due to deficiencies that existed in the design or operation of our internal control over financial reporting that adversely affected our disclosure controls~~ and ~~procedures~~Qualitative ~~resulting~~Disclosures inAbout ~~material~~Market ~~weaknesses.~~Risk

~~Such~~As ~~material weaknesses include: (1) lack of~~ a ~~functioning~~smaller ~~audit~~reporting ~~committee due to a lack of a majority of independent members and a lack of a majority of outside directors on our board of directors~~company, ~~resulting in ineffective oversight in~~ the ~~establishment~~Company has ~~and~~elected ~~monitoring~~not of required internal controls and procedures; (2) inadequate segregation of duties consistent with control objectives; and (3) insufficient written policies and procedures for accounting and financial reporting with respect to provide the ~~requirements~~disclosure ~~and~~required ~~application~~by ofthis ~~US GAAP and SEC disclosure requirements~~item.

AsItem ~~of March 31, 2016 the deficiencies have not been remedied due to our lack of sufficient capital resources~~4. We ~~are~~Controls ~~working~~and ~~to remedy our deficiencies.~~Procedures

~~Changes~~Disclosure inControls ~~Internal~~and ~~Control Over Financial Reporting~~Procedures

AsThe Company has established disclosure controls and procedures that are designed to ensure that information required to be disclosed in reports filed or submitted under the Securities Exchange Act of ~~March~~1934, 31as amended (the “Exchange Act”), ~~2016~~is recorded, ~~there~~processed, ~~have~~summarized ~~been~~and reported nowithin ~~changes~~the time periods specified in ~~internal~~the ~~control~~rules ~~over~~and forms of the Securities and Exchange Commission and, as such, is accumulated and communicated to our President, Thomas Jones, who serves as our principal executive officer and principal financial ~~reporting~~officer, as (appropriate to allow timely decisions regarding required disclosure. Mr. Jones, evaluated the effectiveness of our disclosure controls and procedures, as defined in Rule 13a-15(fe) of the Exchange Act), ~~during~~as ~~the~~of ~~period~~June ~~ended March 31~~30, 2016,. ~~that~~Based ~~materially~~on ~~affected~~his evaluation, orMr. ~~are~~Jones concluded ~~reasonably~~that ~~likely~~the toCompany’s ~~materially~~disclosure ~~affect,~~controls ~~our~~and ~~company's~~procedures ~~internal~~were ~~control~~effective ~~over~~as ~~financial~~of ~~reporting~~June 30, 2016.

11Changes in internal control over financial reporting

~~PART~~There ~~II.~~has ~~OTHER~~been ~~INFORMATION~~no change in our internal control over financial reporting, as defined in Rules 13a-15(f) of the Exchange Act, during our most recent fiscal quarter ended June 30, 2016, that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

~~ITEM 1. LEGAL PROCEEDINGS~~10

~~From~~PART ~~time~~II—OTHER to time, we may become involved in various lawsuits and legal proceedings, which arise in the ordinary course of business. However, litigation is subject to inherent uncertainties, and an adverse result in these or other matters may arise from time to time that may harm our business.INFORMATION

WeItem ~~are not presently a party to any material litigation, nor to the knowledge of management is any litigation threatened against us, which may materially affect us~~6. Exhibits

ITEM 1A. RISK FACTORS

SEC Ref. No.	Title of Document
31.1	Rule 13a-14(a) Certification by Principal Executive and Financial Officer
32.1	Section 1350 Certification of Principal Executive and Financial Officer
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

~~We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.~~SIGNATURES

~~ITEM~~Pursuant ~~2. UNREGISTERED~~to ~~SALES~~the OFrequirements ~~EQUITY~~of ~~SECURITIES~~the ~~AND~~Securities Exchange ~~USE~~Act OFof ~~PROCEEDS~~1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

Recent Sales of Unregistered Securities

	SmartChase Corp.


Date: December 12, 2019	By	/s/ Thomas Jones
		Thomas Jones, President and Interim Chief Financial Officer
		(Principal Executive Officer and Principal
		Financial Officer)

On December 31, 2015, the Company sold convertible debentures at a price of $1,000 per convertible debenture for an aggregate of $250,000. The debentures have a term of eighteen (18) months from December 31, 2015 (the "Maturity Date"), bear interest at a rate of 14% per annum, payable on the Maturity Date, shall be converted into common shares of the Corporation ("Debenture Shares") at the following conversion prices: $0.07 per share within six (6) months of issuance, $0.10 per share between six (6) to twelve (12) months, and $0.15 per share between twelve (12) to eighteen (18) months. The convertible debentures were issued pursuant to the exemption from registration contained in Regulation S of the Securities Act of 1933, as amended, in that the transaction took place outside the United States of America with a non-US person.11

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None.

ITEM 4. MINE SAFETY DISCLOSURES

None.

ITEM 5. OTHER INFORMATION

None.

ITEM 6. EXHIBITS

		Incorporated by reference
Exhibit	Document Description	Form	Date	Number	Filed herewith
3.1	Articles of Incorporation	SB-2	02/21/2007	3.1
3.2	Bylaws	SB-2	02/21/2007	3.2
3.3	Amended Articles of Incorporation	SB-2	02/21/2007	3.3
3.4	Amended Articles of Incorporation	8-K	11/19/2008	3.4
10.2	Option Sale Agreement of Petroleum and Natural Gas Rights, dated December 16, 2009	8-K	12/18/2009	10.2
31.1	Certification of Principal Financial Officer pursuant to 15d-15(e), promulgated under the Securities and Exchange Act of 1934, as amended				X
31.2	Certification of Principal Executive Officer pursuant to 15d-15(e), promulgated under the Securities and Exchange Act of 1934, as amended				X
32.1	Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (Chief Executive Officer)				X
32.2	Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (Chief Financial Officer)				X

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on behalf by the undersigned, hereunto duly authorized on this 29 day of April 2016.

SMARTCHASE CORP. Registrant BY: /s/ THOMAS JONES Thomas Jones, Principal Executive Officer and Director BY: /s/ RANIERO CORSINI Raniero Corsini, Principal Financial Officer, Treasurer, Secretary and Director

Filing Compare · SMARTCHASE CORP.