UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

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

For the quarterly period ended ~~September~~March 3031, ~~2020~~2021

☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT

For the transition period from ________ to ___________.

Commission file number 333-210960

RC-1, INC.

(Exact name of small business issuer as specified in its charter)

Nevada		26-1449268
(State or other jurisdiction of incorporation or organization)		(IRS Employer Identification No.)

~~218~~301 ~~Raceway Dr~~S., State Street

~~Mooresville,~~Suite ~~NC 28117~~S103

Newtown, PA 18940

(Address of principal executive offices)

~~800.348.2870~~484-249-9801

(Issuer’s telephone number)

___________________________________________________________

(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
N/A	N/A	N/A

Check whether the issues (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically, 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). 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. (Check one)

Large accelerated filer ☐		Accelerated filer ☐
Non-accelerated filer ☐		Smaller reporting company ☒
Emerging growth company ☒

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

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

There were 1395,~~929~~789,~~581~~474 shares of the registrant’s common stock, $0.001 par value per share, outstanding on ~~November~~May 1228, ~~2020~~2021.

RC-1, INC.

TABLE OF CONTENTS

		Page
Part I – FINANCIAL INFORMATION		3
Item 1.	Condensed Financial Statements:	3
	Condensed Balance Sheets at September 30, 2020 and December 31, 2019 (unaudited)	3
	Condensed Consolidated Balance Sheets at March 31, 2021 and December 31, 2020 (unaudited)	3
	Condensed Statements of Operations for the three and nine months ended September 30, 2020 and 2019 (unaudited)	4
	Condensed Consolidated Statements of Operations for the three months ended March 31, 2021 and 2020 (unaudited)	4
	Condensed Statements of Deficiency in Stockholders’ Deficit for the three and nine months ended September 30, 2020 and 2019 (unaudited)	5
	Condensed Consolidated Statement of Changes in Stockholders’ Equity For the three months ended March 31, 2021 and 2020 (unaudited)	5
	Condensed Statements of Cash Flows for the nine months ended September 30, 2020 and 2019 (unaudited)	6
	Condensed Consolidated Statements of Cash Flows For the three months ended March 31, 2021 and 2020 (unaudited)	6
	Notes to Condensed Financial Statements (unaudited)	7
	Notes to Condensed Consolidated Financial Statements (unaudited)	7
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	12
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	18
Item 4.	Controls and Procedures	18
Part II – OTHER INFORMATION		2019
Item 1.	Legal Proceedings	2019
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	2019
Item 3.	Defaults Upon Senior Securities	2019
Item 4.	Mine Safety Disclosures	2019
Item 5.	Other Information	2019
Item 6.	Exhibits	20
	Signatures	21

PART I – FINANCIAL INFORMATION

~~ITEM~~Item 1. ~~Condensed~~ - Financial Statements

RC-1, Inc.

~~CONDENSED~~(Home ~~BALANCE~~Integrator ~~SHEETS~~Holdings, LLC, a wholly owned subsidiary)

	(Unaudited)
	September 30,			December 31,
	2020			2019
ASSETS
Current assets
Cash	$	45,064		$	50,106
Note receivable - related party		16,886			50,000
Interest receivable - related parties		–			892
Total current assets		61,950			100,998
Property and equipment - net		5,505			7,157
Total long-term assets		5,505			7,157
Total Assets	$	67,455		$	108,155
LIABILITIES AND STOCKHOLDERS' DEFICIT
Current liabilities
Accounts payable	$	39,417		$	29,668
Accrued liabilities - related party		136,799			161,601
Line of credit		75,000			75,000
Line of credit from related parties		45,188			18,964
Accrued interest payable		50,543			44,918
Accrued interest - related parties		83,707			119,471
Total current liabilities		430,654			449,622
Total Liabilities		430,654			449,622
Stockholders' Deficit
Preferred stock, $.001 par value; 10,000,000 shares authorized; no shares issued and outstanding		–			–
Common stock, $.001 par value; 190,000,000 shares authorized; 13,929,581 issued and outstanding		13,930			13,930
Additional paid in capital		2,895,024			2,865,024
Common stock issuable		90,000			120,000
Accumulated deficit		(3,362,153	)		(3,340,421	)
Total Stockholders' Deficit		(363,199	)		(341,467	)
Total Liabilities and Stockholders' Deficit	$	67,455		$	108,155

Condensed Consolidated Balance Sheets

The accompanying notes are an integral part of the unaudited condensed financial statements.

	March 31, 2021			December 31, 2020
ASSETS		(unaudited)
CURRENT ASSETS
Cash	$	241,750		$	21,501
Accounts receivable, net		48,703			19,689
Inventory		73,672			19,130
Total current assets		364,125			60,320
PROPERTY AND EQUIPMENT
Property and equipment		35,901			35,901
Accumulated depreciation		(6,582	)		(4,787	)
Net property and equipment		29,319			31,114
OTHER ASSETS
Deposit		3,500			–
Total other assets		3,500			–
Total Assets	$	396,944		$	91,434
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable	$	48,060		$	92,206
Accrued liabilities		56,741			38,261
Customer deposits		41,718			–
Note payable, current portion		5,277			5,277
Note payable, related party		95,491			95,491
Total current liabilities		247,287			231,235
LONG TERM LIABILITIES
Note payable, long term portion		17,364			20,861
Total long term liabilities		17,364			20,861
Total Liabilities		264,651			252,096
Commitments and Contingencies					–
STOCKHOLDERS’ EQUITY
Preferred stock,$0.001 par value, 10,000,000 shares authorized; Series A 100,000 and 0 issued and outstanding		100			–
Common stock,$0.001 par value; 250,000,000 shares authorized; 95,789,474 and 80,000,000 issued and outstanding		95,789			80,000
Additional paid in capital		496,076			(71,642	)
Accumulated deficit		(459,672	)		(169,020	)
Total stockholders’ equity		132,293			(160,662	)
Total Liabilities and Stockholders’ Equity	$	396,944		$	91,434

RC-1, Inc.

~~CONDENSED~~(Home ~~STATEMENTS~~Integrators OFHolding, ~~OPERATIONS~~LLC, a wholly owned subsidiary)

~~(UNAUDITED)~~Condensed Consolidated Statements of Operations

	Three Months Ended						Nine Months Ended
	September 30,			September 30,			September 30,			September 30,
	2020			2019			2020			2019
Revenues
Consulting fees - related parties	$	45,136		$	35,836		$	79,856		$	88,284
Consulting fees - unrelated parties		5,000			–			5,000			–
		50,136			35,836			84,856			88,284
Operating expenses:
Consulting to related parties		16,350			15,000			46,350			45,000
General and administrative		3,791			16,506			10,119			56,787
Professional fees		9,700			5,800			44,750			29,350
		29,841			37,306			101,219			131,137
Operating income (loss)		20,295			(1,470	)		(16,363	)		(42,853	)
Other income (expense):
Interest expense - unrelated parties		(1,875	)		(1,875	)		(5,625	)		(5,625	)
Interest expense - related parties		(5,543	)		(69	)		(16,560	)		(635	)
Interest income - related parties		3,488			–			16,816			–
Gain on sale of assets - related party		–			–			–			20,000
		(3,930	)		(1,944	)		(5,369	)		13,740
Net Income (Loss) Before Taxes		16,365			(3,414	)		(21,732	)		(29,113	)
Income Tax Provision		–			–			–			–
Net Income (Loss)	$	16,365		$	(3,414	)	$	(21,732	)	$	(29,113	)
Net Income (Loss) per share
- Basic	$	0.00	*	$	(0.00	)*	$	(0.00	)*	$	(0.00	)
- Diluted	$	0.00	*	$	(0.00	)*	$	(0.00	)*	$	(0.00	)*
Weighted average number of common shares outstanding
- Basic		13,929,581			13,929,581			13,929,581			13,929,581
- Diluted		14,529,581			13,929,581			13,929,581			13,929,581

Three months ended March 31,

* denotes income (loss) if less than one cent per share

	2021			2020
REVENUES		(unaudited)			(unaudited)
Revenue	$	61,854		$	–

COST OF SALES
Cost of sales		33,306			–

Gross margin		28,548			–

OPERATING EXPENSES
General and administrative		112,041			–
Depreciation expense		1,795			–
Wages		128,706			–
Professional fees		76,104			–

Total operating expenses		318,646			–

Loss from operations		(290,098	)		–

Other expense
Interest expense		554			–

Total other expense		554			–

Net loss before income taxes		(290,652	)		–
Income taxes		–			–

Net loss	$	(290,652	)	$	–

Net loss per share (basic and diluted)	$	0.00		$	–

Weighted average shares outstanding, (basic and diluted)		90,536,550			80,000,000

~~The accompanying notes are an integral part of the unaudited condensed financial statements.~~4

4RC-1 Inc.

~~RC-1~~(Home Integrator Holdings, ~~Inc.~~LLC, a wholly owned subsidiary)

~~CONDENSED~~Condensed ~~STATEMENT~~Consolidated OFStatement of Changes ~~STOCKHOLDERS~~in Stockholders’ ~~DEFICIT~~Equity

~~(UNAUDITED)~~For the three months ended March 31, 2021

	Common Stock				Additional		Common Stock
			Amount		Paid in		Issuable/			Accumulated			Shareholders'
	Shares		($.001 Par)		Capital		Receivable			Deficit			Deficit
Balances at December 31, 2018		13,929,581	$	13,930	$	2,865,024	$	120,000		$	(3,291,436	)	$	(292,482	)
Net loss for the period		–		–		–		–			(27,730	)		(27,730	)
Balances at March 31, 2019		13,929,581		13,930		2,865,024		120,000			(3,319,166	)		(320,212	)
Net income for the period		–		–		–		–			2,030			2,030
Balances June 30, 2019		13,929,581		13,930		2,865,024		120,000			(3,317,136	)		(318,182	)
Net loss for the period		–		–		–		–			(3,414	)		(3,414	)
Balances September 30, 2019		13,929,581	$	13,930	$	2,865,024	$	120,000		$	(3,320,550	)	$	(321,596	)
Balances at December 31, 2019		13,929,581	$	13,930	$	2,865,024	$	120,000		$	(3,340,421	)	$	(341,467	)
Shares to be cancelled at end of direct financing lease		–		–		30,000		(30,000	)		–			–
Net loss for the period		–		–		–		–			(32,389	)		(32,389	)
Balances at March 31, 2020		13,929,581		13,930		2,895,024		90,000			(3,372,810	)		(373,856	)
Net loss for the period		–		–		–		–			(5,708	)		(5,708	)
Balances June 30, 2020		13,929,581		13,930		2,895,024		90,000			(3,378,518	)		(379,564	)
Net income for the period		–		–		–		–			16,365			16,365
Balances September 30, 2020		13,929,581	$	13,930	$	2,895,024	$	90,000		$	(3,362,153	)	$	(363,199	)

(unaudited)

The accompanying notes are an integral part of the unaudited condensed financial statements.

	Preferred				Common				Additional						Total
	Number of Shares		Par Value		Number of Shares		Par Value		Paid in Capital			Accumulated Deficit			Stockholders’ Equity

BALANCE, January 1, 2021		–	$	–		80,000,000	$	80,000	$	(71,642	)	$	(169,020	)	$	(160,662	)

Issuance of shares for cash		–		–		5,789,474		5,789		544,211			–			550,000
Amortization of option grant compensation		–		–		–		–		33,606			–			33,606
Issuance of shares to effect acquisition		100,000		100		10,000,000		10,000		(10,100	)		–			–
Net loss		–		–		–		–		–			(290,652	)		(290,652	)

BALANCE, March 31, 2021		100,000	$	100		95,789,474	$	95,789	$	496,076		$	(459,672	)	$	132,293

5RC-1 Inc.

~~RC-1~~(Home Integrator Holdings, ~~Inc.~~LLC, a wholly owned subsidiary)

~~CONDENSED~~Condensed ~~STATEMENTS~~Consolidated Statement of Changes OFin ~~CASH~~Stockholders’ ~~FLOWS~~Equity

~~(UNAUDITED)~~For the three months ended March 31, 2020

	Nine Months Ended
	September 30,			September 30,
	2020			2019
Cash Flows From Operating Activities:
Net loss	$	(21,732	)	$	(29,113	)
Adjustments to reconcile net loss to net cash provided by operating activities
Depreciation		1,652			5,818
Non-cash rent expense		–			45,000
Gain on sale of assets		–			(20,000	)
Changes in Operating Assets and Liabilities
Decrease in lease receivable - related party		300,000			–
Decrease in interest receivable - related parties		892			–
Increase (Decrease) in accounts payable		9,749			(19,325	)
(Increase) Decrease in accrued liabilities - related parties		(24,802	)		56,594
Increase in accrued interest payable		5,625			5,625
(Decrease) Increase in accrued interest - related parties		(35,764	)		634
Net cash provided by operating activities		235,620			45,233
Cash Flows From Investing Activities:
Purchase of asset for financing lease		(300,000	)		–
Collections on notes receivable		33,114			–
Net cash used in investing activities		(266,886	)		–
Cash Flows From Financing Activities:
Proceeds from line of credit from related parties		396,746			165,000
Proceeds from note payable to related parties		287,500			–
Payments on note payable to related parties		(287,500	)		–
Payments on line of credit from related parties		(370,522	)		(220,769	)
Net cash provided by (used in) financing activities		26,224			(55,769	)
Net Decrease in Cash		(5,042	)		(10,536	)
Cash At The Beginning of The Year		50,106			50,596
Cash At The End of The Year	$	45,064		$	40,060
Schedule Of Non-Cash Investing And Financing Activities
Asset transferred in direct financing lease	$	300,000		$	–
Assets sold for note receivable	$	–		$	50,000
Supplemental Disclosure
Cash paid for interest	$	46,694		$	–
Cash paid for income taxes	$	–		$	–

(unaudited)

The accompanying notes are an integral part of the unaudited condensed financial statements.

	Preferred				Common				Additional					Total
	Number of Shares		Par Value		Number of Shares		Par Value		Paid in Capital			Accumulated Deficit		Stockholders’ Equity

BALANCE, January 1, 2020		–	$	–		80,000,000	$	80,000	$	(79,975	)	$	–	$	25

Net activity for the period		–		–		–		–		–			–		–
										–
BALANCE, March 31, 2020		–	$	–		80,000,000	$	80,000	$	(79,975	)	$	–	$	25

RC-1, Inc.

~~NOTES~~(Home TOIntegrator ~~CONDENSED~~Holdings, ~~FINANCIAL~~LLC, ~~STATEMENTS~~a wholly owned ~~(Unaudited~~subsidiary)

~~For~~Condensed ~~the~~Consolidated ~~Three~~Statements ~~and~~of ~~Nine~~Cash ~~Months Ended September 30, 2020 and 2019~~Flows

~~NOTE~~For 1.the ~~ORGANIZATION~~three ~~AND~~months ~~DESCRIPTION OF~~ended ~~BUSINESS~~March ~~OPERATIONS~~31,

RC-1, Inc. (the “Company”), was incorporated in the State of Nevada on May 14, 2009. The Company is currently considered to be in the development stage and has generated only limited revenues from its activities in the racing business. R-Course Promotions, LLC was formed in the State of California on October 30, 2007. On June 1, 2009, in a merger classified as a transaction between parties under common control, the sole membership interest owner in R-Course Promotions, LLC exchanged 125,000 membership interests for 1,786 common shares in RC-1, Inc. Subsequent to the consummation of the merger, R-Course Promotions, LLC ceased to exist. The results of operations of RC-1, Inc. and R-Course Promotions, LLC have been combined from October 30, 2007 forward through the date of merger.

	2021			2020
		(unaudited)			(unaudited)
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$	(290,652	)	$	–
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation		1,795			–
Share based compensation		33,606			–
Changes in operating assets and liabilities:
Increase in accounts receivable		(29,014	)		–
Increase in inventory		(54,542	)		–
Increase in deposits		(3,500	)		–
Decrease in accounts payable		(44,146	)		–
Increase in accrued liabilities		18,481			–
Increase in customer deposits		41,718			–
Net cash used in operating activities		(326,254	)		–

CASH FLOWS FROM INVESTING ACTIVITIES		–			–

CASH FLOWS FROM FINANCING ACTIVITIES:
Payments on third party debt		(3,497	)		–
Proceeds from sale of shares of common stock		550,000			–
Net cash provided by financing activities		546,503			–
Net increase in cash		220,249			–

CASH, January 1,		21,501			–
CASH, end of period	$	241,750		$	–

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Interest paid in cash	$	554		$	–
Income tax paid in cash	$	–		$	–
Non-Cash Investing and Financing Activities:
Common stock issued to effect acquisition	$	(10,000	)	$	–
Preferred stock issued to effect acquisition	$	(100	)	$	–

~~The Company is a motorsports marketing business focused primarily in road racing events in North America utilizing NASCAR type competition equipment.~~6

~~NOTE~~RC-1 2Inc. ~~SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES~~

~~Basis~~(Home ofIntegrator ~~presentation~~Holdings, LLC, a wholly owned subsidiary)

~~The~~Notes ~~Company’s~~to ~~condensed~~Condensed ~~financial statements~~Consolidated ~~have~~Financial ~~been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”).~~Statements

~~Interim~~(Information ~~Condensed~~with ~~Financial~~respect ~~Statements~~to the three months ended March 31, 2021 and 2020 is unaudited)

The accompanying condensed financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to form 10Q and Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete condensed financial statements. In our opinion the condensed financial statements include all adjustments (~~consisting of normal recurring accruals~~1) ~~necessary~~ORGANIZATION inAND ~~order~~NATURE toOF make the condensed financial statements not misleading. Operating results for the three and nine months ended September 30, 2020 are not necessarily indicative of the final results that may be expected for the year ended December 31, 2020. For more complete financial information, these unaudited condensed financial statements should be read in conjunction with the audited financial statements for the year ended December 31, 2019 filed with the SEC.OPERATIONS

~~Use~~RC-1 Inc., (the “Company” or “RC-1"), was incorporated under the laws of ~~Estimates~~the State of Nevada on May 14, 2009. On February 1, 2021, RC-1 entered into a Share Exchange Agreement with HIH, whereby HIH became a wholly owned subsidiary. The Share Exchange has been treated as a recapitalization and reverse acquisition of the Company for financial accounting purposes and HIH is considered the acquirer for financial reporting purposes. This means that the Company’s historical financial statements before the acquisition have been replaced with the historical financial statements of HIH before the acquisition in this quarterly report and future filings with the U.S. SEC. Concurrently with the acquisition the legacy net assets and liabilities of RC-1 were spun off to the RC-1 former management.

The ~~preparation~~Home Integrator of ~~condensed~~the ~~financial statements~~Delaware inValley, ~~conformity~~LLC, (“HIDV”) ~~with~~was ~~generally~~formed ~~accepted~~on ~~accounting~~January ~~principles~~27, ~~requires~~2020, ~~management~~under tothe ~~make~~laws ~~estimates~~of ~~and~~the ~~assumptions~~State ~~that affect~~of ~~reported~~Delaware. ~~amounts~~In ofNovember ~~assets~~2020, ~~and~~HIDV ~~liabilities~~became ~~and~~a ~~disclosure~~wholly owned subsidiary of ~~contingent~~The ~~assets~~Home ~~and~~Integrator ~~liabilities~~Holdings, atLLC., (“the ~~date~~Company,” ofor ~~the~~“HIH”), ~~condensed financial~~an ~~statements~~entity ~~and~~formed ~~the~~on ~~reported~~January ~~amounts~~28, of2020, under ~~revenues~~the ~~and~~laws ~~expenses~~of ~~during~~ the ~~reporting~~State ~~period~~of Delaware. ~~Actual~~The ~~results~~transaction ~~could~~was ~~differ from~~accounted ~~those~~for ~~estimates~~as a recapitalization, with retrospective treatment.

7The Company’s business activities are primarily integrating smart appliances and security systems for residences.

~~Cash~~The accompanying consolidated financial statements include the activities of RC-1, Inc.; The Home Integrator Holdings, LLC and ~~cash~~The ~~equivalents~~Home Integrators of the Delaware Valley, LLC, its wholly owned subsidiaries.

~~The~~(2) ~~Company~~LIQUIDITY ~~considers~~AND ~~all~~GOING highly liquid investments with an original maturity of three months or less as cash equivalents. The Company has no cash equivalents. The Company maintains cash with a commercial bank. The deposits are made with a reputable financial institution and the Company does not anticipate realizing any losses from these deposits.CONCERN

~~Property~~The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. For the three months ended March 31, 2021, the Company recorded a loss of approximately $290,600 and ~~equipment~~has an accumulated deficit of approximately $460,000 at March 31, 2021. The ability of the Company to continue as a going concern is dependent upon increasing operations, developing sales and obtaining additional capital and financing. The Company is seeking to raise sufficient equity capital to enable it to continue to grow its operations and to enable it to pay off its existing indebtedness. The consolidated financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

~~Property~~(3) ~~and~~SUMMARY ~~equipment~~OF ~~are~~SIGNIFICANT ~~recorded~~ACCOUNTING ~~at cost and depreciated under the straight-line method over each item's estimated useful life. The Company uses a 5 year life for racecars and equipment, 7 years for furniture and fixtures.~~POLICIES

~~Financial~~a) ~~Instruments~~Basis of Presentation and Principles of Consolidation The Company’s consolidated financial statements include the financial statements of RC-1, Home Integrator Holdings, LLC and, The Home Integrator of the Delaware Valley, LLC, its wholly owned subsidiaries. All intercompany balances and transactions have been eliminated.

The ~~Company~~accompanying ~~measures~~condensed ~~its~~consolidated financial ~~assets~~ ~~and~~statements ~~liabilities~~have been prepared in accordance with Generally Accepted Accounting Principles ("GAAP") in the ~~requirements~~United States of America ("U.S.") as promulgated by the Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") and ~~825~~with ~~“Financial~~the ~~Instruments”~~rules and regulations of the U.S. Securities and Exchange Commission ("SEC"). The ~~carrying~~condensed ~~values~~consolidated offinancial ~~its~~statements ~~accounts~~reflect ~~payable,~~all ~~note~~normal ~~payable~~recurring ~~(current~~adjustments, ~~portion)~~which, ~~line~~in the opinion of ~~credit~~management, ~~accrued~~are ~~expenses,~~considered ~~and~~necessary ~~other~~for ~~current~~a ~~liabilities~~fair ~~approximate~~presentation ~~fair~~of ~~value~~the ~~due~~results tofor the ~~short-term~~period ~~maturities~~shown. The results of ~~these~~operations ~~instruments~~for the three months ended March 31, 2021, presented are not necessarily indicative of the results expected for any future period.

~~Revenue~~Use ~~recognition~~of Estimates The preparation of the financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. Significant estimates in the accompanying consolidated financial statements involved the valuation of depreciable lives of the fixed assets, valuation of long lived assets, recoverability of accounts receivables and valuation of equity issued as compensation.

The Company adopted ASU 2014-09, “Revenue from Contracts with Customers” on January 1, 2018, using the modified retrospective method, which did not have a material impact on the timing and amount of product revenues.7

~~The new revenue recognition standard prescribes a five~~RC-step model that focuses on transfer of control and entitlement to payment when determining the amount of revenue to be recognized. Under the new guidance, an entity is required to perform the following five steps: (1) identify the contract(s) with a customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to the performance obligations in the contract; and (5) recognize revenue when (or as) the entity satisfies a performance obligationInc.

~~The~~(Home ~~majority~~Integrator of revenues are from consulting services provided at events which range from one day to one week in length. The Company also earns revenues from entering their race cars into events whereby there is a money purse for finishing positions. The revenues from these events are recognized upon completion of the contracted services. In the event that the Company’s revenues are for services provided under contracts greater than one month in lengthHoldings, ~~the contracts will be billed in total at the onset of the contact period~~LLC, ~~and~~ toa ~~the~~wholly ~~extent that billings exceed revenue earned, the Company will record such amount as deferred revenue until the revenue~~owned is earned. Revenue will be recognized on these contracts in the period the services are provided under the contract. Expenses associated with providing the services are recognized in the period the services are provided which coincides with when the revenue is earned.subsidiary)

~~Net~~Notes ~~income (loss)~~to ~~per~~Condensed ~~share~~Consolidated Financial Statements

~~The Company utilizes FASB ASC 260, “Earnings per Share.” Basic earnings per share is computed by dividing earnings~~ (~~loss~~3) ~~attributable~~SUMMARY toOF ~~common~~SIGNIFICANT ~~stockholders~~ACCOUNTING ~~by the weighted-average~~POLICIES number of common shares outstanding during the reporting period. Diluted earnings per share is computed similar to basic earnings per share except that the denominator is increased to include additional common share equivalents available upon exercise of stock options and warrants using the treasury stock method. Dilutive common share equivalents include the dilutive effect of in-the-money share equivalents, which are calculated based on the average share price for each period using the treasury stock method, excluding any common share equivalents if their effect would be anti-dilutive. For the three months ended September 30, 2020, there were 600,000 potentially dilutive shares. For the nine months ended September 30, 2020 and 2019, 600,000 shares of common stock issuable are considered anti-dilutive.(continued)

8b) Cash and cash equivalents The Company considers all highly liquid securities with original maturities of three months or less when acquired, to be cash equivalents. The Company had no financial instruments that qualified as cash equivalents at March 31, 2021, or December 31, 2020.

~~Accounting~~c) ~~for~~Inventories ~~Leases~~Inventories consist of equipment to be installed and supplies and are valued at the lower of cost (first-in, first-out method) or market using the specific identification method.

Ind) ~~February~~Property ~~2016,~~and ~~FASB~~equipment All ~~issued~~property and ~~ASU~~equipment ~~2016-02, Leases~~are ~~(Topic~~recorded ~~842).~~at ~~effective~~cost ~~for~~and ~~fiscal~~depreciated ~~year~~over ~~beginning~~their ~~after~~estimated ~~December~~useful 15lives, ~~2018.~~generally ~~ASU~~three, ~~2016-02~~five ~~requires~~or ~~the~~seven ~~recognition~~years, ofusing ~~lease~~the ~~assets~~straight-line ~~and~~method. ~~lease~~Upon ~~liabilities~~sale onor retirement, the ~~balance~~cost ~~sheet~~and ~~for~~related ~~leases~~accumulated ~~classified~~depreciation asare ~~operating~~eliminated from their respective accounts, and ~~direct~~the ~~financing~~resulting gain or ~~sales~~loss ~~type~~is ~~leases.~~included ~~The Company~~in ~~adopted~~ the ~~provisions~~results of ~~ASC~~operations. ~~842~~Repairs ~~for~~and ~~the~~maintenance ~~year~~charges, ~~ended~~which ~~December~~do ~~31,~~not ~~2019.~~increase ~~Prior~~the touseful lives ~~2019,~~of the ~~Company~~assets, ~~had~~are nocharged ~~leases~~to ~~which required~~operations ~~retroactive~~as ~~application~~incurred.

~~Products~~e) ~~and~~Impairment ~~services,~~of ~~geographic~~long-lived assets A long-lived ~~areas~~asset is tested for impairment whenever events or changes in circumstances indicate that its carrying value amount may not be recoverable. An impairment loss is recognized when the carrying amount of the asset exceeds the sum of the undiscounted cash flows resulting from its use and ~~major~~eventual ~~customers~~disposition. The impairment loss is measured as the amount by which the carrying amount of the long-lived assets exceeds its fair value.

~~The~~f) ~~Company~~Financial ~~earns~~instruments ~~revenue~~and ~~from~~Fair ~~race~~value ~~purses~~measurements ASC 825-10 “Financial Instruments”, allows entities to voluntarily choose to measure certain financial assets and liabilities ~~race~~at ~~event~~fair ~~consulting~~value (fair value option). The fair value option may be elected on an instrument-by-instrument basis and is irrevocable, unless a new election date occurs. If the ~~occasional~~fair ~~sale~~value ofoption ~~racecars~~is elected for an instrument, ~~but~~unrealized ~~does~~gains and losses for that instrument should be reported in earnings at each subsequent reporting date. The Company did not ~~separate~~elect ~~sales~~to ~~from~~apply ~~different~~the ~~activities~~fair ~~into~~value ~~operating~~option to any outstanding ~~segments~~instruments.

~~Concentrations~~ASC 825 also requires disclosures of ~~debt~~the ~~financing~~fair value of financial instruments. The carrying value of the Company’s current financial instruments, which include cash, accounts payable, accrued liabilities and notes payable approximates their fair values because of the short-term maturities of these instruments and market interest.

~~The~~FASB ~~Company~~ASC ~~has~~820 ~~line~~“Fair ofValue ~~credit agreements~~Measurement” ~~with~~clarifies ~~companies~~that ~~owned~~fair ~~and~~value ~~operated~~is byan exit price, representing the ~~Company’s~~amount ~~CEO~~that ~~and~~would ~~majority~~be ~~shareholder.~~received ~~Outstanding~~to ~~principal~~sell onan ~~these~~asset ~~lines~~or ofpaid to transfer a liability ~~credit~~in ~~account~~an ~~for~~orderly ~~30.6%~~transaction ~~and~~between 20market participants.~~18%~~ ofIt ~~the~~also ~~Company~~requires ~~line~~disclosure ofabout ~~credit~~how ~~balances~~fair atvalue ~~September~~is ~~30,~~determined ~~2020~~for assets and ~~December~~liabilities and ~~31,~~establishes ~~2019,~~a ~~respectively. See~~hierarchy ~~Note~~for 7which ~~for~~these ~~further~~assets ~~discussion~~and ofliabilities ~~line~~must ofbe ~~credit~~grouped, ~~terms~~based ~~and~~on ~~relationships.~~significant levels of inputs as follows:

~~Stock~~Level ~~based~~1: ~~compensation~~Quoted prices in active markets for identical assets or liabilities.

~~The~~Level ~~Company~~2: ~~accounts~~Quoted ~~for~~prices ~~employee~~in ~~and~~active ~~non-employee~~markets ~~stock awards under FASB ASC 718, “Compensation – Stock Compensation”, whereby equity instruments issued to employees~~ for ~~services~~similar ~~are~~assets ~~recorded~~and ~~based~~liabilities ~~on the fair value of the instrument issued~~ and ~~those~~inputs ~~issued~~that ~~to non-employees~~ are ~~recorded~~observable ~~based on~~for the ~~fair~~asset ~~value of the consideration received~~ or ~~the fair value of the equity instrument, whichever is more reliably measurable~~liability.

~~Recent~~Level ~~Accounting~~3: ~~Pronouncements~~Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions.

~~Management~~The ~~does~~determination ~~not~~of ~~believe~~where ~~that~~assets ~~any~~and ~~recently~~liabilities ~~issued,~~fall ~~but~~within ~~not~~this ~~yet~~hierarchy ~~effective,~~is ~~accounting~~based ~~standards,~~upon ifthe ~~adopted,~~lowest ~~will~~level ~~have~~of ainput ~~material~~that ~~effect~~is onsignificant ~~our~~to ~~condensed~~the ~~financial~~fair ~~statements~~value measurement.

~~NOTE 3. GOING CONCERN~~8

~~These~~RC-1 condensed 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 businessInc. ~~The Company's ability to continue as a going concern is contingent upon its ability to achieve and maintain profitable operations, and the Company’s ability to raise additional capital as required.~~

~~The~~(Home ~~Company~~Integrator ~~has a minimum cash balance available for payment of ongoing operating expenses. As of September 30~~Holdings, ~~2020~~LLC, ~~the Company has an accumulated deficit of $3,362,153 and negative working capital of $368,704. For the nine months ended September 30, 2020, the Company had~~ a ~~net~~wholly ~~loss of $21,732. These~~owned matters raise substantial doubt about the Company’s ability to continue as a going concern for a period of twelve months from the issue date of this report. Its continued existence is dependent upon its ability to continue to execute its operating plan and to obtain additional debt or equity financing. There can be no assurance the necessary debt or equity financing will be available or will be available on terms acceptable to the Company.subsidiary)

9Notes to Condensed Consolidated Financial Statements

~~NOTE~~(3) 4.SUMMARY ~~PROPERTY~~OF ~~AND~~SIGNIFICANT ~~EQUIPMENT~~ACCOUNTING POLICIES (continued)

~~Property~~g) ~~and~~Revenue ~~equipment~~recognition ~~values~~The ~~recorded~~Company recognizes atrevenues ~~cost~~under the framework prescribed in ASC 606 “Revenues from Contracts with Customers”. This revenue recognition standard has a five step process: a) Determine whether a contract exists; b) Identify the performance obligations; c) Determine the transaction price; d) Allocate the transaction price; e) Recognize revenue when (or as) performance obligations are satisfied. The Company’s principal operations are the installation of integrated systems in homes with payment due upon completion, which corresponds to a single performance obligation. Revenue is recognized upon completion, (delivery and installation), of the contract as ~~follows:~~the performance obligation is satisfied by transferring control of the goods and services to the customer.

	September 30, 2020			December 31, 2019
Simulation rig	$	11,013		$	11,013
Less: Accumulated depreciation		(5,508	)		(3,856	)
Property and equipment, net	$	5,505		$	7,157

h) Income Taxes Prior to the February 1, 2021, acquisition HIH was a limited liability company taxed as a partnership. The Partnership is not a taxpaying entity for federal or state income tax purposes; accordingly, a provision for income taxes had not been recorded in the accompanying financial statements. Partnership income or losses for periods prior to the February 1, 2021 acquisition were reflected in the partners’ individual or corporate tax returns in accordance with their ownership percentages.

~~Depreciation~~As ~~expense~~defined ~~for~~by ~~the~~Financial ~~three~~Accounting ~~and~~Standards Board ~~nine~~Accounting ~~months~~Standards ~~ended~~Codification ~~September~~(ASC) 30Topic 740, ~~2020~~“Income ~~and~~Taxes” ~~2019~~no ~~were~~provision ~~$550~~or ~~and~~liability ~~$1,652~~for ~~respectively~~materially ~~and~~uncertain ~~$551~~tax ~~and~~positions was $5deemed necessary by management. Therefore,~~818~~ ~~respectively~~no provision or liability for uncertain tax positions has been included in these financial statements.

Oni) ~~June~~Recent 1,accounting ~~2019,~~pronouncements ~~the~~Certain FASB ~~Company~~Accounting ~~sold~~Standard ~~two~~Updates ~~racecars for~~(“ASU”) ~~$50,000~~that ~~recognizing~~are anot ~~gain~~effective ofare ~~$20,000.~~not ~~(The~~expected ~~racecars~~to ~~were~~have ~~purchased~~a ~~from~~significant effect on the ~~same~~Company’s consolidated ~~party~~financial inposition ~~2017)~~or results of operations.

~~NOTE~~(4) 5.ACCOUNTS ~~NOTE~~ RECEIVABLE ~~– RELATED PARTY~~

OnThe ~~June~~Company 1,adopted ~~2019,~~Financial ~~the~~Accounting ~~Company~~Standards Board ~~sold~~Accounting ~~two~~Standards ~~racecars to~~Update a(ASU) ~~related~~2016-13 ~~party~~(Topic ~~for~~326) a“Measurement ~~$50,000~~of ~~note~~Credit ~~receivable,~~Losses ~~resulting~~on inFinancial aInstruments” ~~gain~~at ~~of $20,000~~inception. This ~~The~~ASU ~~interest~~requires ~~rate on~~ the ~~note~~Company isto 1%report ~~per~~its ~~annum and~~trade ~~payments~~receivables ofnot ~~$1,000~~held ~~per~~for ~~month~~sale ~~began~~net ~~August~~of ~~2019~~an ~~and~~allowance ~~increase~~for tocredit ~~$4,778~~losses. ~~per~~At ~~month in~~ March ~~2020~~31, ~~with a final payment of $525~~2021 inand December ~~2020. Effective April 1~~31, 2020, ~~the~~accounts ~~repayment~~receivable ~~terms~~are ~~were~~reflected ~~amended~~net ~~due to disruption caused by the COVID-19 outbreak. Payments~~ of ~~$1,350~~an ~~will~~allowance befor ~~due~~credit ~~after~~losses ~~each event~~ in the ~~NASCAR~~amount ~~race schedule which consists~~ of ~~36 events ending in November 2020. The balance of the note was~~ $~~16,886~~0 and $505,~~000 as of September 30~~047, ~~2020 and December 31, 2019,~~ respectively.

~~NOTE~~(5) 6.PROPERTY ~~LEASE~~AND ~~RECEIVABLE – RELATED PARTY~~EQUIPMENT

OnProperty ~~January~~and ~~28,~~Equipment ~~2020,~~consisted ~~the Company purchased an Audi Sportscar from a related party for $300,000. On February 15, 2020, the Company leased the vehicle back to the same related party. The term~~ of the lease is for 24 months with payments of $14,125 per month. At the end of the lease, 200,000 shares of stock of the Company owned by the related party will be cancelled at a value of $.15 per share. In addition, the related party has the right to purchase the car for $1,000. The lease is classified as a financing lease under ASC 842. The present value of the lease payments, excluding the end of lease provisions, discounted at an interest rate of 12%, is $300,063. The Company is using the actual cost of the vehicle as the initial value of the lease in accordance with ASC 842-30-55-17A.following:

On August 11, 2020, the lessee paid the remaining balance of the lease obligation of $245,811. The 200,000 shares of stock had not been formally cancelled as of September 30, 2020.

	March 31, 2021			December 31, 2020
Fixed Assets	$	35,901		$	35,901
Less: accumulated depreciation		(6,582	)		(4,787	)
Total P&E	$	29,319		$	31,114

~~NOTE~~Depreciation 7.expense ~~LINES~~for OFthe ~~CREDIT~~three months ended March 31, 2021 and 2020 was $1,795 and $0, respectively.

On October 15, 2012, the Company entered into a revolving line of credit agreement with TVP Investments, LLC, and a Georgia Limited Liability Company in the amount up to $500,000. The line of credit is unsecured, bears interest of 10% and has a maturity date of December 31, 2023. As of September 30, 2020, and December 31, 2019, the balance of the line of credit was $75,000. As of September 30, 2020, and December 31, 2019, the Company had accrued interest on this line of credit in the amounts of $50,543 and $44,918, respectively.9

~~The~~RC-1 ~~Company also has a business line of credit up to $3,000 with Well Fargo bank~~Inc. ~~The line of credit is unsecured with a variable interest rate of approximately 18.0%. No amounts have been drawn on this Line.~~

~~NOTE~~(Home 8.Integrator ~~STOCKHOLDERS’~~Holdings, ~~EQUITY~~LLC, a wholly owned subsidiary)

~~There~~Notes ~~are~~to ~~10,000,000~~Condensed ~~shares~~Consolidated ofFinancial ~~preferred stock authorized with a $.001 par value, of which no shares are outstanding.~~Statements

~~There~~(6) ~~are~~NOTES ~~190,000,000 shares of common stock authorized with a par value of $.001 per share, of which 13,929,581 shares are issued and outstanding as at September 30, 2020.~~PAYABLE

10During 2020, the Company, through its wholly owned subsidiary, HIDV, entered into two notes payable.

InOne ~~January~~note ~~2017,~~in the ~~Company~~amount ~~entered~~of ~~into a 36-month warehouse lease with Rick Ware~~$95,491 ~~payable~~is inowed ~~1,200,000~~to ~~shares~~a related ofparty ~~the~~under ~~Company’s~~a ~~common~~demand ~~stock.~~note Asthat ofcarries ~~September~~no ~~30, 2020, 400,000 shares had been issued under this agreement~~interest.

~~There~~The ~~were~~second nonote ~~issuances~~is ofpayable ~~preferred~~to ora third party at ~~common~~a ~~stock~~rate ~~during~~of ~~the~~$576 ~~three~~monthly, has a remaining principal balance of $22,641 and ~~nine~~$26,138 ~~months~~at ~~ended~~March ~~September~~31, 302021 and December 31, 2020, carries a 6.99% interest rate and matures in April 2025. This note is secured by a vehicle owned by HIDV. The future commitments under this note are: 2021 - $3,992; 2022 - $5,658; 2023 - $6,066; 2024 - $6,504 and 2025 - $421.

~~NOTE~~(7) 9.COMMITMENTS ~~RELATED~~AND ~~PARTY TRANSACTIONS~~CONTINGENCIES

~~Consulting~~a) ~~revenue~~Legal ~~from~~Matters ~~related~~From ~~parties~~time to time, the Company may be involved in asserted claims or litigation relating to claims arising out of operations in the normal course of business. As of March 31, 2021, there were no pending or threatened lawsuits that could reasonably be expected to have a material effect on the results of the Company’s operations.

On(8) ~~February~~STOCKHOLDERS’ 15, 2019, the Company entered into a three-year contract to provide marketing and branding consulting services to a related party. The majority shareholder of the client is also a shareholder in the Company. Consulting revenue recognized for the three and nine months ended September 30, 2020 and 2019 was $45,136 and $79,856, and $35,836 and $88,284, respectively.EQUITY

~~Consulting~~At ~~expense~~March 31, 2021and December 31, 2020, the Company is authorized to ~~related~~issue ~~parties~~250,000,000 shares of $0.001 par value common stock and has 95,789,474 and 80,000,000 shares issued and outstanding, respectively. At March 31, 2021, and December 31, 2020, the Company is authorized to issue 10,000,000 shares of $0.001 par value preferred stock and has 100,000 Series A and 0 shares issued and outstanding, respectively.

OnIn ~~December 31, 2018,~~ the ~~Company~~first ~~extended for~~quarter ~~three years a previous consulting agreement with General Pacific Partners~~2021, ~~LLC a company owned and operated by~~ the ~~CEO~~Company ~~and~~issued ~~majority shareholder~~5,789,474 toshares ~~provide~~of ~~consulting~~common ~~services~~stock in ~~the~~exchange ~~motor~~for ~~sports marketing industry. The consulting agreement requires a~~ $5550,000 ~~monthly~~in ~~fee and can be terminated by either party pursuant to a 60-day notice~~cash. ~~During~~On ~~each~~February ~~of the three and nine months ended September 30~~1, ~~2020 and 2019~~2021, the Company ~~incurred~~issued ~~related party consulting expense of $16~~10,~~350 and $15,~~000 ~~and $46~~,~~350 and $45,~~000, ~~respectively.~~shares As of ~~September~~common stock ~~30,~~to ~~2020,~~effect ~~and December 31, 2019,~~ the ~~Company~~reverse ~~had an accrued payable balance due to this related party of $125,863 and $150,000, respectively~~acquisition.

~~Lines~~On December 1, 2020, the HIH granted 400,000 Class I units to an employee. The units vest at a rate of ~~credit~~100,000 units on the annual anniversary date of the grant and require the employee to ~~related~~be ~~parties~~continuously employed at the Company during the vesting year. These units have a stated capital account of zero for U.S. IRS tax Code purposes. The Company has calculated the fair value of the Class I units at $1.00 per unit, (total value $400,000). The Company was amortizing the grant value over the vesting period as compensation expense at the rate of $8,333 per month. At the date of the reverse acquisition, February 1, 2021 these Class I units were cancelled and replaced by a stock option plan of RC-1 shares.

OnThe ~~October~~rights 1,and ~~2009,~~privileges ~~the Company entered into a line~~ of ~~credit agreement for up to $600,000 with a related party owned and operated by~~ the ~~CEO~~Series ~~and~~A ~~majority shareholder~~preferred ~~that~~stock ~~also~~are: ~~provides~~if ~~motor sports marketing industry consulting services to~~ the Company asceases ~~needed.~~to ~~Under~~be ~~the~~a ~~agreement,~~reporting ~~the~~entity ~~Company receives~~under ~~operating fund advances and reimbursement for expenses incurred on behalf of~~ the ~~Company.~~Federal ~~The~~Securities ~~loan bears interest at eight percent (8%) per annum. As of September 30~~laws, ~~2020,~~the ~~and~~Series ~~December~~A ~~31,~~preferred ~~2019,~~has the ~~Company owed $44~~option,~~588~~ ~~and~~as a ~~$18~~group,~~364,~~ ~~respectively,~~to ~~on the~~convert ~~line of credit~~ to ~~this~~common ~~related~~shares ~~party.~~equal Asto of66 ~~September 30, 2020,~~ and ~~December~~2/3% ~~31, 2019, the Company had accrued interest on this line~~ of ~~credit in~~ the ~~amounts~~then ofissued ~~$129~~ and ~~$35,929,~~outstanding ~~respectively~~common stock.

On(9) ~~August~~EQUITY 5,INCENTIVE 2013, the Company entered into a line of credit agreement for up to $600,000 with a related party owned and operated by the CEO and majority shareholder. Under the agreement, the Company receives operating fund advances and reimbursement for expenses incurred on behalf of the Company. As of September 30, 2020, and December 31, 2019, the Company owed $600 under this line of credit to this related party. As of September 30, 2020, and December 31, 2019, the Company had accrued interest of $83,578 and $83,542, respectively.PLAN

~~Notes~~In ~~payable~~the –first ~~related~~quarter ~~party~~2021, the Company’s Board of Directors adopted an Equity Incentive Plan. Under this Plan the Company can award Stock Appreciation Rights, (SARs), restricted stock or restricted stock units and incentive stock options and non-qualified stock options to employees or to third parties that provide services to the Company. The Company is limited to issuing a maximum of 15,000,000 shares under this plan.

On March 6, 2020, the Company borrowed $287,500 from a related party. The term of the note is 36 months with payments of $14,055 per month commencing April 6, 2020 including interest at 12%. On August 11, 2020, the loan was repaid in full. Interest expense of $13,690 has been paid.10

~~Expense~~RC-1 ~~reimbursements~~Inc.

~~The~~(Home ~~majority~~Integrator ~~shareholder of the Company pays certain ongoing operating costs from personal funds and is periodically reimbursed. As of September 30~~Holdings, ~~2020~~LLC, ~~and~~a ~~December 31,~~wholly ~~2019, the amount due to the shareholder was $10,936 and $11,601, respectively, and is reflected in accrued liabilities –~~owned ~~related parties on the balance sheet.~~subsidiary)

~~NOTE~~Notes ~~10.~~to ~~SUBSEQUENT~~Condensed ~~EVENTS~~Consolidated Financial Statements

~~COVID-19~~(9) EQUITY INCENTIVE PLAN (continued)

~~Management~~In ~~has~~February 2021, ~~concluded that~~ the ~~COVID-19 outbreak~~Company ingranted ~~2020~~an ~~may~~option ~~have~~to areplace ~~significant~~the ~~impact~~Member onUnit ~~business~~Grant inof ~~general,~~HIH ~~but~~that ~~the~~had ~~potential~~been ~~impact~~extended onto ~~the~~a ~~Company~~single ~~is not currently measurable~~employee. ~~Due~~The tooption ~~the~~is for ~~level~~4,210,526 shares of ~~risk~~common ~~this~~stock ~~virus~~with ~~may~~an ~~have~~exercise onprice ~~the~~of ~~global~~$0.3563 ~~economy,~~per itshare isand atan ~~least~~expiration ~~reasonably~~of ~~possible~~February ~~that~~1, it2031. ~~could~~These option ~~have~~vest anat ~~impact on~~ the ~~operations~~rate of ~~the~~1,052,652 ~~Company~~shares inon ~~the~~December ~~near~~1 ~~term~~of ~~that~~2021, ~~could~~2022, ~~materially~~2023 ~~impact~~and ~~the Company’s financials~~2024. ~~Management has~~The ~~not~~Company ~~been~~is ~~able~~amortizing ~~to measure~~ the ~~potential~~compensation ~~financial~~expense ~~impact on~~ of the ~~Company~~grant, ~~but~~$400,000, ~~will~~over ~~review~~the ~~commercial~~vesting ~~and~~periods, ~~federal~~or ~~financing~~$8,333 ~~options should~~per ~~the need arise~~month.

11In March 2021, the Company granted an option to an employee for 2,873,684 shares of common stock with an exercise price of $0.0835 per share and an expiration of February 1, 2031. These options vest at the rate of 718,421 shares on March 15 of 2021, 2022, 2023 and 2024. The Company is amortizing the compensation expense of the grant, $33,047, over the vesting periods, or $688 per month.

(10) RELATED PARTIES

The Company is obligated under a note payable to a related party through its wholly owned subsidiary HIDV in the amount of $95,491. This note does not carry an interest rate is due upon demand.

(11) CONCENTRATIONS OF RISK

The Company maintains its cash in bank deposit accounts, which may, at times, may exceed federally insured limits. The Company had no cash balances in excess of FDIC insured limits at March 31, 2021 or December 31, 2020.

(12) COVID-19 PANDEMIC

The Company’s management is unable to predict the full impact of COVID-19 on the Company.

The corona virus pandemic and subsequent state ordered shut down had an effect upon the Company’s operations. The Company’s access to capital was severely curtailed to totally eliminated, during the pandemic. The Company as yet does not know what the ultimate consequences of the pandemic will be upon its business model.

(13) SUBSEQUENT EVENTS

On May 31, 2021, the Company acquired two entities - Media Design Associates Inc, (MDA), and Booyah Technologies LLC, (BTL).

The Company issued 10,263,288 shares of common stock and a $625,000 promissory note and additional shares of the Company’s common stock in a number equal to 50% of MDA’s 2021 revenue divided by the average closing price of the Company’s common stock for the last 20 trading days of 2021, in exchange for all the issued and outstanding common stock of MDA.

The Company issued 7,244,626 shares of common stock and additional shares of the Company’s common stock in a number equal to 50% of BTL’s 2021 revenue divided by the average closing price of the Company’s common stock for the last 20 trading days of 2021, in exchange for all the issued and outstanding member units of BTL.

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

FORWARD-LOOKING STATEMENT NOTICE

This Form 10-Q contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. For this purpose, any statements contained in this Form 10-Q that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the foregoing, words such as “may,” “will,” “expect,” “believe,” “anticipate,” “estimate” or “continue” or comparable terminology are intended to identify forward-looking statements. These statements by their nature involve substantial risks and uncertainties, and actual results may differ materially depending on a variety of factors, many of which are not within our control. These factors include but are not limited to economic conditions generally and in the industries in which we may participate; competition within our chosen industry, including competition from much larger competitors; technological advances and failure to successfully develop business relationships.:

	·	economic conditions generally and in the targeted industries in which we participate;
	·	competition within our targeted industries, including competition from much larger competitors;
	·	technological advances;
	·	our ability to acquire companies within our targeted industries;
	·	our ability to develop and successfully introduce new technologies; and
	·	and failure to successfully develop business relationships.

Overview

This section contains forward-looking statements that involve risks and uncertainties. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date that they are made. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

The following discussion should be read in conjunction with the financial statements and notes thereto included herein.

We are a small ~~auto~~technology ~~competition~~services ~~and~~company ~~event~~that ~~management~~resells and integrates products within the “smart” home and small business ~~that~~markets. ~~has~~These ~~participated~~products ~~primarily~~include innetwork, ~~NASCAR~~entertainment, home theater, surveillance and ~~IMSA~~security, ~~sanctioned~~access ~~events~~control, shades, lighting and control systems. We ~~utilize~~deliver our ~~racecars~~solutions tocontaining ~~provide marketing~~some ~~and~~or ~~branding~~all ~~services~~of tothese ~~client~~products ~~advertisers~~in ~~desiring~~a tomanner ~~use~~that ~~our~~is ~~racecars~~custom designed to ~~market~~meet ~~their~~the ~~product~~unique orpreferences ~~service~~of byour ~~having~~customers. ~~our~~The ~~vehicles~~resulting highly personalized ~~carry~~automation ~~their~~systems ~~corporate~~enable ~~brand.~~our Wecustomers ~~have~~to ~~conducted~~better ~~limited~~utilize ~~operations~~the topower ~~date~~and capabilities of these technologies and realize greater reliability, speed, security, and harmony.

We have previously been engaged in an auto competition and event management business that participated primarily in NASCAR and IMSA sanctioned events, which business has been discontinued.

Jumpstart Our Business Startups Act

In April, 2012, the Jumpstart Our Business ~~Startups~~ Startups Act ("JOBS Act") was enacted into law. The JOBS Act provides, among other things:

· Exemptions for emerging growth companies from certain financial disclosure and governance requirements for up to five years and provides a new form of financing to small companies;

· Amendments to certain provisions of the federal securities laws to simplify the sale of securities and increase the threshold number of record holders required to trigger the reporting requirements of the Securities Exchange Act of 1934;

· Relaxation of the general solicitation and general advertising prohibition for Rule 506 offerings;

· Adoption of a new exemption for public offerings of securities in amounts not exceeding $50 million; and Exemption from registration by a non-reporting company of offers and sales of securities of up to $1,000,000 that comply with rules to be adopted by the SEC pursuant to Section 4(6) of the Securities Act and exemption of such sales from state law registration, documentation or offering requirements.

Exemption from registration by a non-reporting company of offers and sales of securities of up to $1,000,000 that comply with rules to be adopted by the SEC pursuant to Section 4(6) of the Securities Act and exemption of such sales from state law registration, documentation or offering requirements.

In general, under the JOBS Act a company is an emerging growth company if its initial public offering ("IPO") of common equity securities was affected after December 8, 2011 and the company had less than $1 billion of total annual gross revenues during its last completed fiscal year. A company will no longer qualify as an emerging growth company after the earliest of

(i)

The completion of the fiscal year in which the company has total annual gross revenues of $1 billion or more;

(ii)

The completion of the fiscal year of the fifth anniversary of the company's IPO;

(iii)

The company's issuance of more than $1 billion in nonconvertible debt in the prior three-year period; or

(iv)

The company becoming a "larger accelerated filer" as defined under the Securities Exchange Act of 1934.

The JOBS Act provides additional new guidelines and exemptions for non-reporting companies and for non-public offerings. Those exemptions that impact the Company are discussed below.

Financial Disclosure. The financial disclosure in a registration statement filed by an emerging growth company pursuant to the Securities Act of 1933 will differ from registration statements filed by other companies as follows:

(i)

Audited financial statements required for only two fiscal years;

(ii)

Selected financial data required for only the fiscal years that were audited;

(iii)

Executive compensation only needs to be presented in the limited format now required for smaller reporting companies. (A smaller reporting company is one with a public float of less than $75 million as of the last day of its most recently completed second fiscal quarter)

However, the requirements for financial disclosure provided by Regulation S-K promulgated by the Rules and Regulations of the SEC already provide certain of these exemptions for smaller reporting companies. The Company is a smaller reporting company. Currently a smaller reporting company is not required to file as part of its registration statement selected financial data and only needs audited financial statements for its two most current fiscal years and no tabular disclosure of contractual obligations.

The JOBS Act also exempts the Company's independent registered public accounting firm from complying with any rules adopted by the Public Company Accounting Oversight Board ("PCAOB") after the date of the JOBS Act's enactment, except as otherwise required by SEC rule.

The JOBS Act also exempts an emerging growth company from any requirement adopted by the PCAOB for mandatory rotation of the Company's accounting firm or for a supplemental auditor report about the audit.

Internal Control Attestation. The JOBS Act also provides an exemption from the requirement of the Company's independent registered public accounting firm to file a report on the Company's internal control over financial reporting, although management of the Company is still required to file its report on the adequacy of the Company's internal control over financial reporting.

Section 102(a) of the JOBS Act exempts emerging growth companies from the requirements in §14A(e) of the Securities Exchange Act of 1934 for companies with a class of securities registered under the 1934 Act to hold shareholder votes for executive compensation and golden parachutes.

Other Items of the JOBS Act. The JOBS Act also provides that an emerging growth company can communicate with potential investors that are qualified institutional buyers or institutions that are accredited to determine interest in a contemplated offering either prior to or after the date of filing the respective registration statement. The Act also permits research reports by a broker or dealer about an emerging growth company regardless if such report provides sufficient information for an investment decision. In addition, the JOBS Act precludes the SEC and FINRA from adopting certain restrictive rules or regulations regarding brokers, dealers and potential investors, communications with management and distribution of a research reports on the emerging growth company IPO.

Section 106 of the JOBS Act permits emerging growth companies to submit 1933 Act registration statements on a confidential basis provided that the registration statement and all amendments are publicly filed at least 21 days before the issuer conducts any road show. This is intended to allow the emerging growth company to explore the IPO option without disclosing to the market the fact that it is seeking to go public or disclosing the information contained in its registration statement until the company is ready to conduct a roadshow.

Election to Opt Out of Transition Period. Section 102(b) (1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a 1933 Act registration statement declared effective or do not have a class of securities registered under the 1934 Act) are required to comply with the new or revised financial accounting standard.

The JOBS Act provides a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such an election to opt out is irrevocable. The Company has elected not to opt out of the transition period and will “opt-in” and make use of the transitional period.

Off-balance sheet arrangements

The Company has no off-balance sheet arrangements that have or are reasonably likely to have a current or future effect or change on the Company’s financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to investors. The term “off-balance sheet arrangement” generally means any transaction, agreement or other contractual arrangement to which an entity unconsolidated with the Company is a party, under which the Company has (i) any obligation arising under a guarantee contract, derivative instrument or variable interest; or (ii) a retained or contingent interest in assets transferred to such entity or similar arrangement that serves as credit, liquidity or market risk support for such assets.

Significant Accounting Policies

Our financial statements have been prepared in in accordance with accounting principles generally accepted in the United States of America. The preparation of these financial ~~statements~~ statements requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses. Note 23 of the Notes to Condensed Consolidated Financial Statements describes the significant accounting policies used in the preparation of the ~~condensed~~Condensed ~~financial~~Consolidated ~~statements~~Financial Statements. Certain of these significant accounting policies are considered to be critical accounting policies, as defined below.

A critical accounting policy is defined as one that is both material to the presentation of our financial statements and requires management to make difficult, subjective or complex judgments that could have a material effect on our financial condition and results of operations. Specifically, critical accounting estimates have the following attributes: 1) we are required to make assumptions about matters that are highly uncertain at the time of the estimate; and 2) different estimates we could reasonably have used, or changes in the estimate that are reasonably likely to occur, would have a material effect on our financial condition or results of operations.

Estimates and assumptions about future events and their effects cannot be determined with certainty. We base our estimates on historical experience and on various other assumptions believed to be applicable and reasonable under the circumstances. These estimates may change as new events occur, as additional information is obtained and as our operating environment changes. These changes have historically been minor and have been included in the consolidated financial statements as soon as they became known. Based on a critical assessment of our accounting policies and the underlying judgments and uncertainties affecting the application of those policies, management believes that our consolidated financial statements are fairly stated in accordance with accounting principles generally accepted in the United States, and present a meaningful presentation of our financial condition and results of operations. We believe the following critical accounting policies reflect our more significant estimates and assumptions used in the preparation of our consolidated financial statements:

Use of Estimates – These financial statements have been prepared in accordance with accounting principles generally accepted in the United States and, accordingly, require management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Specifically, our management has estimated the expected economic life of our long lived assets, our net operating loss for tax purposes. Actual results could differ from those estimates.14

Use of Estimates – These financial statements have been prepared in accordance with accounting principles generally accepted in the United States and, accordingly, require management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Specifically, our management has estimated the expected economic life of our long-lived assets, our net operating loss for tax purposes. Actual results could differ from those estimates.

Cash and Equivalents – We maintain our cash in bank deposit accounts, which at times, may exceed federally insured limits. We have not experienced any losses in such account.

Revenue Recognition – In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Codification (“ASC”) 606, Revenue from Contracts with Customers, effective for public business entities with annual reporting periods beginning after December 15, 2017. This new revenue recognition standard (new guidance) has a five step process: a) Determine whether a contract exists; b) Identify the performance obligations; c) Determine the transaction price; d) Allocate the transaction price; and e) Recognize revenue when (or as) performance obligations are satisfied. The impact of the Company’s initial application of ASC 606 did not have a material impact on its financial statements and disclosures.

~~The~~Our ~~majority~~principal ofoperations ~~revenues~~involve ~~are~~the ~~from~~resale ~~consulting~~of ~~services~~home ~~provided~~electronics atproducts ~~events~~and ~~which~~design ~~range~~and ~~from~~installation ~~one~~services ~~day~~relating to ~~one~~these ~~week in length~~products. ~~The~~Payment ~~revenues~~is ~~from~~due ~~these~~upon ~~events~~completion, ~~are~~which ~~recognized upon~~corresponds ~~completion~~to ofa ~~the~~single ~~contracted~~performance ~~services~~obligation. InRevenue ~~the~~is ~~event~~recognized ~~that~~upon ~~the~~completion ~~Company’s~~of ~~revenues are for services provided under contracts greater than one month in length,~~ the contracts ~~will be billed in total at the onset of the contact period, and to the extent that billings exceed revenue earned, the Company will record such amount~~ as ~~deferred revenue until~~ the ~~revenue~~performance obligation is ~~earned. We recognize~~satisfied ~~revenue~~by ontransferring ~~these~~control ~~contracts~~of in the ~~period~~goods ~~the~~and services ~~are~~to ~~provided under~~ the ~~contract~~customer. ~~Expenses~~Our ~~associated~~expenses ~~with providing the services~~ are recognized in the period the ~~services~~products are ~~provided~~delivered and ~~which~~services ~~coincides~~are ~~with when the revenue is earned~~provided.

~~Our~~Property ~~revenues,~~and toequipment – Property and ~~date,~~equipment ~~has~~are ~~been~~recorded ~~derived~~at ~~from consulting~~cost ~~fees~~and .depreciated ~~Revenue~~under isthe ~~recognized~~straight-line onmethod anover ~~accrual~~each ~~basis~~item's asestimated ~~earned~~useful ~~under contract terms~~life.

~~Property~~Long-Lived ~~and equipment~~Assets – ~~Property~~We ~~and~~follow ~~equipment~~FASB ~~are~~ASC ~~recorded~~360-10-35 atwhich ~~cost~~has established a "primary asset" approach to determine the cash flow estimation period for a group of assets and ~~depreciated~~liabilities ~~under~~that represents the ~~straight~~unit ~~line~~of ~~method~~accounting ~~over~~for ~~each~~a ~~item's~~long-lived ~~estimated~~asset ~~useful~~to ~~life~~be held and used. ~~The~~Long-lived ~~Company~~assets ~~uses~~to abe 5held ~~year~~and ~~life~~used are reviewed for ~~racecars~~impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. The carrying amount of a long-lived asset is not recoverable if it exceeds the sum of the undiscounted cash flows expected to result from the use and ~~equipment,~~eventual 7disposition ~~years~~of ~~for~~the ~~furniture~~asset. Long-lived assets to be disposed of are reported at the lower of carrying amount or fair value less cost to sell. During the periods ending March 31, 2021 and ~~fixtures~~December 31, 2020 no impairment losses were recognized.

Long-Lived Assets – We follow FASB ASC 360-10-35 which has established a "primary asset" approach to determine the cash flow estimation period for a group of assets and liabilities that represents the unit of accounting for a long lived asset to be held and used. Long-lived assets to be held and used are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. The carrying amount of a long-lived asset is not recoverable if it exceeds the sum of the undiscounted cash flows expected to result from the use and eventual disposition of the asset. Long-lived assets to be disposed of are reported at the lower of carrying amount or fair value less cost to sell. During the periods ending September 30, 2020 and December 31, 2019 no impairment losses were recognized.

Stock Based Compensation – We recognize expenses for stock-based compensation arrangements in accordance with provisions of Accounting Standards Codification 718. Accordingly, compensation cost is recognized for the fair value of the instrument issued. For equity instruments issued to non-employees, the estimated fair value of the equity instrument is recorded on the earlier of the performance commitment date or the date the services required are completed.

Plan of Operations

~~RC-1,~~The ~~Inc.~~Company ~~(the~~was ~~“Company”),~~organized ~~was~~in ~~incorporated~~2007 inas ~~the~~R-Course ~~State~~Promotions, ofLLC, ~~Nevada~~a onCalifornia ~~May~~limited 14liability company, which in 2009. ~~The~~was ~~Company~~merged iswith and into RC-1, Inc., a ~~motorsports~~Nevada corporation ~~marketing~~(the ~~and~~“Company”). ~~consulting~~The ~~business~~Company ~~focused primary~~has inbeen ~~road~~engaged ~~racing~~since ~~events~~its inception in ~~North~~various ~~America~~aspects ~~utilizing~~of ~~NASCAR~~the ~~type~~motorsports ~~competition~~industry (the ~~equipment~~“Motorsports Business”). The Company ismade ~~currently~~a ~~considered to~~fundamental beshift inwhen it consummated a transaction under a Share Exchange Agreement (the ~~development~~“Share ~~stage,~~Exchange ~~and~~Agreement”) ~~has~~with ~~generated~~The ~~only~~Home ~~limited~~Integrator ~~revenues~~Holdings, ~~from~~LLC, ~~its~~a ~~activities~~Delaware inlimited ~~the~~liability ~~racing~~company ~~business~~(“Hi Solutions”).

WeHi ~~will~~Solutions ~~continue~~was toformed ~~focus~~ in ~~“Road Racing”~~January ~~motorsports~~2020 ~~events~~to ~~organized~~deliver technology bysolutions ~~several~~to ~~motorsports~~the ~~sanctioning~~home ~~bodies~~and ~~such~~small asbusiness ~~The~~markets. ~~National~~Our ~~Association~~technology ~~for~~solutions ~~Stock Car~~enable ~~Auto~~smarter ~~Racing~~homes ~~("NASCAR"),~~ and ~~The~~a ~~International~~smarter ~~Motorsports~~work-from-home workforce ~~Association~~by ~~("IMSA")~~connecting and ~~the~~integrating ~~Sports~~technologies ~~Car~~to ~~Vintage Racing~~achieve ~~Association~~greater ~~(SVRA)~~reliability, speed, security, and harmony.

InThe ~~addition,~~Company weintends ~~intend~~ to ~~continue to compete~~ inimplement ~~the~~its ~~SVRA and the GAAS series in an effort to promote our~~ business ~~and~~strategy ~~brand in the western United States.~~by:

acquiring independently owned home and small business technology integration companies across the United States (the “Rollup Program”):

define and implement best practices and core systems to improve their operating performance of our acquired companies and enable them to place greater focus on sales and marketing activities and customer installation and support;

drive organic growth through enhanced marketing, new business partnerships, and development and introduction of new services and technologies across our expanding geographic footprint; and

provide comprehensive training and career development programs and company-wide equity incentives as part of an intense focus on building a distinct company culture.

We plan to acquire companies in our Rollup Program by issuing shares of our Common Stock in exchange for the equity securities of the owners of the acquired companies. We believe that the issuance of our Common Stock will be attractive to such owners, and that as holders of our Common Stock, these owners, many of whom will also be the senior managers of the acquired companies, will be aligned to continue in the employ of the Company and are incentivized to create additional value for our stockholders.

Effective November 30, 2020, Hi Solutions completed the acquisition of The Home Integrator of the Delaware Valley, LLC (“Hi Delaware Valley”) through a Unit Exchange Agreement dated as of November 30, 2020. Hi Delaware Valley was formed in January 2020 for the express purpose of entering the Target Business Sector before embarking on the planned Rollup Program. Hi Delaware Valley commenced its business in June and is the first acquisition completed in the Rollup Program. The Company’s financial results for the fiscal quarter ended March 31, 2021 are substantially the results of Hi Delaware Valley.

The Company recently acquired the following two additional companies on May 31, 2021:

Media Design Associates, Inc., a Florida corporation based in Ft. Lauderdale, Florida (“MDA”); and

Booyah Technologies LLC, a Pennsylvania limited liability company based in Huntington Valley, Pennsylvania (“Booyah”).

The MDA acquisition was consummated pursuant to an Agreement and Plan of Merger (the “Merger Agreement”) dated as of May 31, 2021 by and among the Company, MDA Acquisition Corporation, a wholly-owned subsidiary of the Company (the “Merger Subsidiary”), MDA and Michael Wohl, a resident of the State of Florida. Pursuant to the terms of the Merger Agreement, the Merger Subsidiary merged with and into MDA (the “Merger”) and Michael Wohl was issued 10,263,288 shares of our Common Stock and a promissory note in the amount of $625,000 (the “Note”). The Note is payable on or prior to August 15, 2021. MDA is now a wholly owned subsidiary of the Company as a result of this merger. The shares of our Common Stock issued to Michael Wohl were valued at a negotiated price of $0.2436 per share.

In addition to the shares of Common Stock issued in the Merger, Michael Wohl is eligible to be issued additional shares of Common Stock under the terms of the Merger Agreement equal to fifty percent (50%) of the revenues generated by MDA during the fiscal year ending December 31, 2021. Any such shares of Common Stock will be issued at a value equal to the average closing price of the Common Stock on the last twenty days of trading in 2021.

The Booyah acquisition was consummated pursuant to a Membership Interest Purchase Agreement (the “Purchase Agreement”) dated as of May 31, 2021 by and among the Company, Booyah and Ben Marlow, a resident of the Commonwealth of Pennsylvania. Pursuant to the terms of the Purchase Agreement, the Company issued 7,244,626 shares of our Common Stock to Ben Marlow in exchange for all of the outstanding membership interests of Booyah (the “Exchange”). Booyah is now a wholly owned subsidiary of the Company as a result of this exchange. The shares of our Common Stock issued to Ben Marlow were valued at a negotiated price of $0.2436 per share.

In addition to the shares of Common Stock issued in the Exchange, Ben Marlow is eligible to be issued additional shares of Common Stock under the terms of the Purchase Agreement equal to fifty percent (50%) of the revenues generated by Booyah during the fiscal year ending December 31, 2021. Any such shares of Common Stock will be issued at a value equal to the average closing price of the Common Stock on the last twenty days of trading in 2021.

Going Concern

As of ~~September~~March 3031, ~~2020~~2021, ~~RC-1,~~the ~~Inc.~~Company had an ~~accumulated~~ accumulated deficit of approximately $3460,~~362,153,~~000 and anegative ~~working~~operating ~~capital~~cash ~~deficiency~~flow of approximately $~~368~~326,~~704~~000. These factors, together with our historical operating losses raise substantial doubt about our ability to continue as a going concern.

~~Management~~The Company believes it will be able to raise sufficient capital over the next twelve months to finance operations. The Company expects to raise up to $~~300~~500,000 in capital through the issuance of convertible debt ~~and~~prior ~~equity~~to ~~and~~June ~~believes~~30, it2021 ~~will~~and beup ~~able~~ to ~~raise~~additional ~~sufficient~~$4.5 ~~capital~~million ~~over~~from the ~~next~~sale ~~twelve~~of ~~months~~Common Stock prior to September ~~finance~~30, ~~operations~~2021. In addition, the Company expects to generate net positive income and cash flows from the companies it acquires in its Rollup Program. However, there can be no assurances that the Company will be successful in raising this ~~regard~~amount of capital or ~~will~~achieving bepositive cash ~~able~~flow from its operating losses to provide to eliminate its operating losses. The accompanying financial statements do not contain any adjustments which may be required as a result of this uncertainty.

Expected management estimates for the cost of operating the business through September 30, 2021 will require additional capital of up to Three Hundred Thousand dollars ($300,000) consisting of: $20,000 for registration and licenses required for entry in sanctioned racing events; $20,000 for travel and lodging; $20,000 for marketing and branding; $30,000 for legal and accounting; $15,000 for engineers and consultants; $15,000 for parts, $90,000 for engine and transmission leases. $50,000 for fuels and tires; $10,000 for racecar transport and travel; $20,000 for debt service of all Company notes payable; and $10,000 in airfare and rental cars.16

The Company ~~has~~capital norequirements ~~outstanding~~consist ~~payments~~of general ~~due~~working ~~for~~capital needs. The Company estimates that the ~~lease~~cost of ~~race~~operating ~~cars~~its atbusiness ~~this~~through ~~time.~~September 30, 2021 will require additional capital of a minimum of $2,000,000 to fund an estimated:

~~The~~· ~~Company~~$625,000 ~~intends~~to retire the principal balance of the Note due to ~~hold~~Michael ~~discussions with~~Wohl ~~existing~~· ~~shareholders~~$500,000 ~~new~~in ~~prospective~~compensation ~~shareholders~~paid ~~and~~to ~~various~~corporate ~~lenders~~personnel, inincluding ~~pursuing~~accounting ~~the~~consultants; ~~capital~~· we$200,000 ~~need~~to ~~for~~retire ~~the~~short-term ~~upcoming~~debt, ~~twelve months~~accounts ofpayable ~~operations.~~and ~~Additionally~~accrued expenses; · $250,000 ~~the~~investment ~~Company~~in ~~may~~our ~~elect~~operating businesses to ~~draw~~fund ~~down~~a ~~additional~~variety ~~proceeds~~of ~~from~~growth ~~its~~initiatives; ~~line~~· of$90,000 ~~credit~~in ~~with~~technology ~~General Pacific~~development; ~~Partners~~· $60,000 ~~LLC~~for marketing and ~~TVP~~branding; ~~Investments~~· $60,000 ~~LLC~~for accounting expenses; · $30,000 ~~Inc.~~for ~~There~~legal ~~can~~expenses; be· no$12,000 ~~assurance~~in ~~that~~office weexpenses; ~~will~~and be· ~~able~~the tobalance ~~raise~~in ~~any~~miscellaneous ~~additional~~licensing ~~equity or~~and ~~debt~~other ~~capital~~fees and expenses.

The Company’s capital requirements consist of general working capital needs, scheduled principal and interest payments on debt when required, obligations, and capital expenditures. The Company’s capital resources consist primarily of cash generated from proceeds through the issuances of common stock. At ~~September~~March 3031, ~~2020~~2021, the Company had cash of approximately $45241,~~000~~800.

Result of Operations

Three Months Ended ~~September~~March 3031, ~~2020~~2021 ~~Compared to Three Months Ended September 30, 2019~~

The Company’s business was commenced in the second quarter of 2020. As a result, the Company does not have a same prior year period with which to compare current year operating results.

Revenues

The Company recognized $5061,~~136~~854 in ~~related~~revenues, all ~~party~~generated ~~revenue~~by ~~during~~our ~~the~~Hi ~~three~~Delaware ~~months~~Valley ~~ended~~subsidiary ~~September~~The ~~30,~~Hi ~~2020~~Delaware ~~and~~Valley ~~$35,836~~ revenue ~~for~~consisted ~~the~~of ~~same period in 2019. The Company recognized~~ $537,~~000~~120 ~~consulting revenue~~ from ~~unrelated parties in~~ the ~~three~~re-sale ~~months~~of ~~ended~~product ~~September~~and 30$24, ~~2020. The Company did not~~734 ~~recognize~~from ~~any racing event related revenue. The increase in revenue for~~ the ~~quarter~~provision ~~was~~of ~~due to an increase in contracted consulting revenue~~services.

Operating Expenses

For the three months ended ~~September~~March 3031, ~~2020~~ ~~operating~~2021, operating expenses were ~~$29,841 compared to $37,306 in 2019 for~~ a ~~decrease~~total of $7319,~~465~~000. ~~The decrease is due to a decrease in general and administrative expenses,~~

Interest and Financing Costs

Interest was $7,418 for the three months ended September 30, 2020 compared to $1,944 in the three months ended September 30, 2019. The increase in the interest expense was related directly to an increase in the overall debt of the company. The Company recognized interest income of $3,488 related to notes and lease receivables.

Net Loss

The Company incurred ~~income of $16,365 in the three months ended September 30, 2020 compared to~~ a net loss of $3290,~~414~~700 ~~during~~in the three months ended ~~September~~March 3031, ~~2019, due to the factors discussed above~~2021.

Nine Months Ended September 30, 2020 Compared to Nine Months Ended September 30, 2019

Revenues

The Company recognized $84,856 in revenue during the nine months ended September 30, 2020 and $88,284 revenue for the same period in 2019. The Company did not recognize any racing event related revenue. The decrease in revenue for the quarter was due to an decrease in contracted consulting revenue.

Operating Expenses

For the nine months ended September 30, 2020 operating expenses were $101,219 compared to $131,137 in 2019 for a decrease of $29,918. The decrease is due to a decrease in general and administrative expenses to $10,119 from $56,787.

Interest and Financing Costs

Interest expense was $22,185 for the nine months ended September 30, 2020 compared to $6,260 in the nine months ended September 30, 2019. The increase in the interest expense was related directly to an increase in the overall debt of the company. The Company recognized interest revenue of $16,816 for the nine months ended September 30, 2020 related to financing leases initiated in 2020. In addition, the Company recorded a $20,000 gain on the sale of racecars to a related party in 2019.

Net Loss

The Company incurred losses of $21,732 in the nine months ended September 30, 2020 compared to $29,113 during the nine months ended September 30, 2019, due to the factors discussed above.

LIQUIDITY AND CAPITAL RESOURCES

The Company had approximately $45241,~~064~~800 in cash at ~~September 30~~March 31, ~~2020~~2021, ~~with~~an aaccumulated ~~working capital~~ deficit of approximately $~~368~~460,~~704.~~000 Asand negative operating cash flow of ~~December~~approximately 31$326,000. ~~2019~~These factors, ~~the~~together ~~Company~~with ~~had~~our ~~cash~~historical ofoperating ~~$50,106~~losses ~~with~~raise asubstantial ~~working~~doubt ~~capital deficit~~about ofour ~~$348,624~~ability to continue as a going concern.

17Cash Flows for the Three Months Ended March 31, 2021 Compared to the Three Months Ended March 31, 2020.

Cash Flows for the Nine Months Ended September 30, 2020 Compared to the Nine Months Ended September 30, 2019.

Operating activities

During the ~~nine~~three months ended ~~September 30,~~March ~~2020~~31, 2021, we ~~were~~used ~~provided with~~ $~~235~~326,~~620~~000 in cash from operating activities compared to $~~45,233~~0 in cash provided during the ~~nine months~~same ~~ended~~prior ~~September~~year 30period, ~~2019,~~ an increase of $~~190~~326,~~387~~000. The increase was due to anthe ~~increase~~net loss in ~~accounts~~the ~~payable~~current quarter and afrom ~~decrease~~ an increase in ~~payment~~inventory ofand ~~lease~~decrease ~~receivable~~in liabilities.

~~Investing activities~~17

WeFinancing ~~used $266,886 in cash in investing~~ activities ~~during the nine months ended September 30, 2020 compared to $0 during the nine months ended September 30, 2019, due to the purchase of an asset for a finance lease.~~

~~Financing~~We were provided $546,500 in cash in financing activities ~~with~~during ~~Related~~the ~~Parties~~three months ended March 31, 2021 compared to $0 during the same prior year period, due to the private placement of $550,000 of equity securities completed by Hi Solutions in January 2021, reduced by payments on a vehicle loan.

During the nine months ended September 30, 2020, we were provided $26,224 in cash from financing activities compared to using $55,769 during the nine months ended September 30, 2019. The increase was due to an increase in monies received from our line of credit.

ITEM 3. Quantitative and Qualitative Disclosures about Market Risk.

As a “smaller reporting company,” we are not required to provide the information under this Item 3.

ITEM 4. Controls and Procedures

Evaluation of disclosure controls and procedures

Based upon an evaluation of the effectiveness of our disclosure controls and procedures performed by our Chief Executive Officer as of the end of the period covered by this report, our Chief Executive Officer concluded that our disclosure controls and procedures have not been effective as a result of a weakness in the design of internal control over financial reporting identified below.

As used herein, “disclosure controls and procedures” mean controls and other procedures of our company that are designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Securities 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 us in the reports that we file or submit under the Securities Exchange Act is accumulated and communicated to our management, including our principal executive and principal financial officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.

Management’s Report on Internal Control over Financial Reporting

Our management is responsible for establishing and maintaining adequate internal control over financial reporting, as such term is defined in Exchange Act Rule 13a-15(f). The Company’s internal control over financial reporting is a process designed to provide reasonable assurance to our management and board of directors regarding the reliability of financial reporting and the preparation of the financial statements for external purposes in accordance with accounting principles generally accepted in the United States of America.

Our internal control over financial reporting includes those policies and procedures that (i) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the Company; (ii) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with accounting principles generally accepted in the United States of America, and that receipts and expenditures of the Company are being made only in accordance with authorizations of management and directors of the Company; and (iii) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the Company’s assets that could have a material effect on the financial statements.

This quarterly report does not include an attestation report of our registered independent public accounting firm regarding internal control over financial reporting. Management’s report was not subject to attestation by our registered independent public accounting firm.

Changes in Internal Control Over Financial Reporting

No changes in our internal control over ~~financial~~ financial reporting occurred during the ~~nine~~three months ended ~~September~~March 3031, ~~2020~~2021 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

1918

PART II – OTHER INFORMATION

ITEM 1. Legal Proceedings

We know of no material, existing or pending legal proceedings against us, nor are we involved as a plaintiff in any material proceeding or material pending litigation. There are no proceedings in which any of our directors, officers or affiliates, or any registered or beneficial shareholder, is an adverse party or has a material interest adverse to our company.

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

~~During~~Pursuant to the ~~three~~terms ~~months~~of ~~ended~~the ~~September 30,~~Share ~~2020~~Exchange Agreement, the ~~there~~Company ~~were~~issued noup ~~sale~~to of85,789,474 shares of Common Stock in exchange for 100% of the ~~Company's~~membership ~~common~~interests ~~stock~~of Hi Solutions.

These securities were not registered under the Securities Act of 1933, as amended (the “Securities Act”), but qualified for exemption under Section 4(2) of the Securities Act. The securities were exempt from registration under Section 4(2) of the Securities Act because the issuance of such securities by the Company did not involve a “public offering,” as defined in Section 4(2) of the Securities Act, due to the insubstantial number of persons involved in the transaction, size of the offering, manner of the offering and number of securities offered. The Company did not undertake an offering in which it sold a high number of securities to a high number of investors. In addition, these shareholders had the necessary investment intent as required by Section 4(2) of the Securities Act since they agreed to, and received, share certificates bearing a legend stating that such securities are restricted pursuant to Rule 144 of the Securities Act. This restriction ensures that these securities would not be immediately redistributed into the market and therefore not be part of a “public offering.” Based on an analysis of the above factors, we have met the requirements to qualify for exemption under Section 4(2) of the Securities Act.

ITEM 3. Default Upon Senior Securities

During the three months ended ~~September 30,~~March ~~2020~~31, 2021, the Company had no senior securities issued and outstanding.

ITEM 4. Mine Safety Disclosures

Not applicable ~~to our Company~~.

ITEM 5. Other Information

~~None.~~Subsequent Events

The Company consummated two acquisitions on May 31, 2021.

The Company acquired all of the outstanding capital stock of Media Design Associates, Inc., a Florida corporation based in Ft. Lauderdale, Florida (“MDA”). This acquisition was consummated pursuant to an Agreement and Plan of Merger (the “Merger Agreement”) dated as of May 31, 2021 by and among the Company, MDA Acquisition Corporation, a wholly-owned subsidiary of the Company (the “Merger Subsidiary”), MDA and Michael Wohl, a resident of the State of Florida. Pursuant to the terms of the Merger Agreement, the Merger Subsidiary merged with and into MDA (the “Merger”) and Michael Wohl was issued 10,263,288 shares of our Common Stock and a promissory note in the amount of $625,000 (the “Note”). The Note is payable on or prior to August 15, 2021. MDA is now a wholly owned subsidiary of the Company as a result of this merger. The shares of our Common Stock issued to Michael Wohl were valued at a negotiated price of $0.2436 per share.

The Company acquired all of the outstanding membership interests of Booyah Technologies LLC, a Pennsylvania limited liability company based in Huntington Valley, Pennsylvania (“Booyah”). This acquisition was consummated pursuant to a Membership Interest Purchase Agreement (the “Purchase Agreement”) dated as of May 31, 2021 by and among the Company, Booyah and Ben Marlow, a resident of the Commonwealth of Pennsylvania. Pursuant to the terms of the Purchase Agreement, the Company issued 7,244,626 shares of our Common Stock to Ben Marlow in exchange for all of the outstanding membership interests of Booyah (the “Exchange”). Booyah is now a wholly owned subsidiary of the Company as a result of this exchange. The shares of our Common Stock issued to Ben Marlow were valued at a negotiated price of $0.2436 per share.

ITEM 6. Exhibits

Copies of the following documents are included as exhibits to this report pursuant to Item 601 of Regulation S-K

SEC Ref. No.		Title of Document
10.1		Agreement and Plan of Merger dated as of May 31, 2021 by and among RC-1, Inc., MDA Acquisition Corporation, Media Design Associates, Inc. and Michael Wohl
10.2		Membership Interest Purchase Agreement dated as of May 31, 2021 by and among RC-1, Inc., Booyah Technologies LLC and Ben Marlow.
31.1 *		Certification of the Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
31.2 *		Certification of the Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
32.1 *		Certification of the Principal Executive Officer pursuant to U.S.C. pursuant to Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
32.2 *		Certification of the Principal Financial Officer pursuant to U.S.C. pursuant to Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
101.INS*		XBRL Instance Document
101.INS**		XBRL Instance Document
101.SCH*		XBRL Schema Document
101.SCH**		XBRL Schema Document
101.CAL*		XBRL Calculation Linkbase Document
101.CAL**		XBRL Calculation Linkbase Document
101.DEF*		XBRL Definition Linkbase Document
101.DEF**		XBRL Definition Linkbase Document
101.LAB*		XBRL Label Linkbase Document
101.LAB**		XBRL Label Linkbase Document
101.PRE*		XBRL Presentation Linkbase Document
101.PRE**		XBRL Presentation Linkbase Document

* Filed herewith.

** To be filed by amendment

SIGNATURES

In accordance with Section 13 or 15(d) of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

RC-1, Inc.

~~November~~June 174, ~~2020~~2021

By: /s/ ~~Kevin~~John ~~O'Connell~~E. Parker

~~Kevin~~John ~~O'Connell~~E. Parker

Chief Executive Officer

Filing Compare · RC-1, Inc.