SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

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

For the quarterly period ended ~~September~~March 3031, ~~2014~~2015

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

For the transition period from ____________ to____________

Commission File No. 000-54152

RadTek, Inc.

(Exact name of Registrant as specified in its charter)


Nevada		27-2039490
(State or Other Jurisdiction of		(I.R.S. Employer Identification No.)
incorporation or organization)


	9900 Corporate Campus Drive, Ste 3000, c/o PEG
	Louisville, Kentucky 40223
	(Address of Principal Executive Offices)


	(502) 657-6005
	(Registrant’s telephone number, including area code)

Indicate by check mark whether the Registrant has (1) filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 (the “Exchange Act”) during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
Yes [X] No [ ]

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

Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See definition of “large accelerated filer,” “non-accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):


Large accelerated filer [ ]		Non-accelerated filer [ ]
Accelerated filer [ ]		Smaller reporting company [x]

Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes [ ] No [X]

Indicate the number of shares outstanding of each of the Registrant’s classes of common stock, as of the latest practicable date: ~~December~~May 515, ~~2014~~2015 – 121,336,800 shares of common stock.

RADTEK, INC.

FORM 10-Q

TABLE OF CONTENTS

PART 1 – FINANCIAL INFORMATION

		Page
Item 1. Consolidated Financial Statements (Unaudited)		4
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations		1213
Item 3. Quantitative and Qualitative Disclosure About Market Risk		14
Item 4. Controls and Procedures		1415

PART II – OTHER INFORMATION

Item 1. Legal Proceedings		1516
Item 1A. Risk Factors		1516
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds		1516
Item 3. Defaults upon Senior Securities		1516
Item 4. Mine Safety Disclosures		1516
Item 5. Other Information		1516
Item 6. Exhibits		1516
SIGNATURES		1617

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PART I

Item 1. Financial Statements

The Financial Statements of the Registrant required to be filed with this 10-Q Quarterly Report were prepared by management and commence below, together with related notes. In the opinion of management, the Financial Statements fairly present the financial condition of the Registrant.

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RADTEK CO., LTD.

Condensed Consolidated Balance Sheets

As of ~~September~~March 3031, ~~2014~~2015 and December 31, ~~2013~~2014

		September 30, 2014		December 31, 2013
	March 31, 2015		December 31, 2014
Assets		(Unaudited)		(Audited)
Current assets:
Cash and cash equivalents	$	34208,~~281~~675	$	~~106~~213,~~908~~247
Accounts receivable, net		9571,~~054~~230		526,~~748~~295
Prepaid expenses and other assets		~~909~~875,~~580~~897		~~560~~899,~~462~~729
Total Current assets		1,038,915		720,118
Inventory		-		1,513
				.
Total Current assets		1,155,802		1,120,784
Investment		58,~~020~~267		48,~~998~~311
Property and equipment		-		-
Property and equipment, net		-		-
Intangible assets		9386,~~994~~356		9888,~~303~~325
Security deposits		2827,~~555~~149		2827,~~428~~293
		127,569		131,729
		121,772		123,929
Total assets	$	1,~~166~~277,~~484~~574	$	~~851~~1,~~847~~244,713
Liabilities and equity
Current liabilities:
Accounts and other payables	$	304,193	$	157,556
Trade and other payables	$	305,157	$	355,910
Short-term borrowings		~~140~~135,~~577~~747		~~145~~136,~~648~~463
Advances from related party		434,105		249,298
Loan from related party		-		160,000
Advance payments on contracts		776,722		263,561
Advances from related party		456,371		440,817
Loan from related party		160,000		-
Advance payments on contracts		1,138,828		1,025,051
Other current liabilities		312,~~717~~879		933,~~032~~394
		1,819,314		909,095
		2,048,982		2,121,635
Non-current liabilities:
Accrued severance benefits		31,169		25,165
Accrued severance benefits, net		32,627		32,683
		31,169		25,165
		32,627		32,683
Total liabilities		12,~~850~~081,~~483~~609		~~934~~2,~~260~~154,318
Equity:
Preferred Stock;
Preferred Stock:
Authorized: 10,000,000 shares, $0.001 par value
Authorized: 10,000,000 shares, $0.001 par value, Issued and outstanding shares: 0		-		-
Issued and outstanding shares: 0
Common stock:
Common stock
Authorized: 1,990,000,000 shares, $0.001 par value, Issued : 176,711,800 shares, Outstanding: 121,336,800 shares as of March 31, 2015 and December 31, 2014		176,712		176,712
Authorized: 1,990,000,000 shares, $0.001 par value
Additional paid-in capital		1,638,511		1,638,511
Issued: 176,711,800 and 156,711,800 shares
Outstanding: 121,336,800 and 101,336,800 shares
as of September 30, 2014 and December 31, 2013, respectively		176,712		156,712
Additional Paid-in capital		1,638,511		778,511
Treasury Stock (55,375,000 shares)		(375,053)		(375,053)
Accumulated other comprehensive loss		~~(36~~14,~~971)~~877		~~(50~~7,~~977)~~408
Accumulated deficits		(2,~~087~~259,~~198~~082)		(~~591~~2,~~606~~357,183)
Total equity	$	(~~683~~804,~~999~~035)	$	(82909,~~413~~605)
Total liabilities and equity	$	1,~~166~~277,~~484~~574	$	~~851~~1,~~847~~244,713

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

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RADTEK CO., LTD.

Condensed Consolidated Statement of Operations (Unaudited)

For the Three ~~and Nine~~ Months Ended ~~September~~March 3031, ~~2014~~2015 and ~~2013~~2014

		Three Months Ended				Nine Months Ended
	March 31, 2015			March 31, 2014
			September 30, 2014		September 30, 2013		September 30, 2014		September 30, 2013
Net revenues	$	245,775		$	186,832
Net revenues		$	866,373	$	1,287,770	$	1,107,739	$	2,013,300
Cost of sales		51,319			124,628
Cost of sales			762,037		945,559		928,054		1,273,576
Gross profit		194,456			62,204
Gross profit			104,336		342,211		179,685		739,724
Operating expenses :
Operating expenses :
Depreciation and Amortization		1,511			1,556
Depreciation and Amortization			1,618		2,021		4,789		6,088
Consulting fees		-			435,736
Consulting fees			-		-		435,736
Selling and administrative expenses		91,019			516,299
Selling and administrative expenses			125,889		85,303		720,180		325,002
Total Operating expenses		92,530			953,591
Bad debt			524,226		-		524,226		-
Gain(Loss) from operations		101,926			(891,387)
Total Operating expenses			651,733		87,324		1,684,931		331,090
Other income(expenses) :
Gain(Loss) from operations			(547,397)		254,887		(1,505,246)		408,634
Interest expense, net		(1,707)			(1,957)
Other income(expenses) :
Foreign exchange transaction gain (loss)		(2,118)			(9,026)
Interest expense, net			(1,592)		(2,017)		(4,933)		(5,995)
Other income, net		-			(1,791)
Foreign exchange transaction gain (loss)			(989)		(23,055)		14,586		1,282
		(3,825)			(12,774)
Other income, net			4,395		3,067		1		5,807
Income for the year before tax		98,101			(904,161)
			1,814		(22,005)		9,654		1,094
Provision for income tax		-			-
Income for the year before tax			(545,583)		232,882		(1,495,592)		409,728
Net income		98,101			(904,161)
Provision for income tax			-		-		-		-
Other Comprehensive income (loss)
Net income			(545,583)		232,882		(1,495,592)		409,728
Foreign currency translation adjustments		7,469			(241)
Other Comprehensive income (loss)
Comprehensive income (loss)	$	105,570		$	(904,402)
Foreign currency translation adjustments			53,554		(6,351)		14,006		96,169
Net income (loss) per common share-basic and diluted	$	0.00		$	(0.01)
Comprehensive income (loss)		$	(492,029)	$	226,531	$	(1,481,586)	$	505,897
Weighted average number of common stock outstanding		121,336,800			118,447,911
Earnings per share:
-	Basic and diluted earnings per share	$	(0.00)	$	0.00	$	(0.01)	$	0.01
-	Weighted Average Outstanding Shares		176,711,800		65,000,000		156,929,093		65,000,000

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

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RADTEK CO., LTD.

Condensed Statement of Cash Flows (Unaudited)

For the ~~Nine~~Three Months Ended ~~September~~March 3031, ~~2014~~2015 and ~~2013~~2014

	September 30, 2014		September 30, 2014
	March 31, 2015			March 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Gain(loss)	$	(1,495,592)	$	409,728
Net income (loss)	$	98,101		$	(904,161)
Adjustments to reconcile net loss to net cash used in operating activities:
- Depreciation and amortization		4,789		6,088
Depreciation and amortization		1,511			1,556
- Severance benefits		6,004		23,933
Stock-based compensation		-			880,000
- Stock based compensation		871,472		-
Severance benefits		56			2,994
- Bad debt		524,226		-
Change in assets and liabilities:
Change in assets and liabilities, net of the effect of acquisitions:
Accounts receivable		(64,935)			(186,820)
- Accounts receivable		(42,306)		(36,107)
Inventory		1,513			-
- Inventory		-		(14,881)
Prepaid expenses and other assets		23,832			(366,614)
- Prepaid expenses and other assets		(873,344)		(22,639)
Accounts payable		(50,753)			298,370
- Accounts payable and other payable		146,637		61,982
Advance payments on contracts		113,777			190,527
- Advance payments on contracts		513,161		(385,933)
Other current liabilities		9,485			7,232
- Accrued liabilities and other liabilities		(89,315)		32,485
Net cash provided by (used in) operating activities		132,587			(76,916)
Net cash provided by (used in) operating activities		(434,268)		74,656
CASH FLOWS FROM INVESTING ACTIVITIES:		-			-
CASH FLOWS FROM INVESTING ACTIVITIES:
Net cash used in investing activities		-			-
Goodwill		-		(15,000)
CASH FLOWS FROM FINANCING ACTIVITIES:
Investment in affiliate		-		(28,009)
Common stock issuance		-			-
Net cash used in financing activities		-		(43,009)
Repayment of short-term borrowings		(160,000)			-
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowing from related parties		15,554			-
- Proceeds from short-term borrowings		-		(44,961)
Repayment of borrowing from related party		-			-
- Loan from related party		160,000		-
Net cash provided by financing activities		(144,446)			-
- Advances from related parties		184,807		232,223
Net decrease in cash and cash equivalent		(11,859)			(76,916)
Net cash provided by financing activities		344,807		187,262
Effect of exchange rate changes		7,287			(13,303)
Net decrease in cash and cash equivalent		(89,461)		218,909
Cash and cash equivalent at beginning of year		213,247			106,908
Effect of exchange rate changes		16,834		94,427
Cash and cash equivalent at end of year	$	208,675		$	16,689
Cash and cash equivalent at beginning of year		106,908		8,339
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash and cash equivalent at end of year	$	34,281	$	321,675
Cash paid for interest	$	1,707		$	1,970
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid for taxes	$	-		$	-
Cash paid for interest	$	4,933	$	3,981
Cash paid income tax	$	-	$	-

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

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RadTek, Inc.

Consolidated Notes to the Financial Statements

~~September~~March 3031, ~~2014~~2015 (Unaudited)

Note 1 – Nature of Business

(a) Description of Business

RadTek, Inc. (the “Company”) was incorporated in Nevada on December 18, 2009, under the laws of the State of Nevada, for the purpose of providing management consulting services to the small or median sized private companies in the Taiwan that want to look for business partners, or agencies, or financing resources, or to become public through IPO or reverse merger in the United States, or Canada.

The Company was a subsidiary of USChina Channel Inc., and spun off on March 15, 2010. As of March 18, 2013 the company filed with the Nevada Secretary of State and subsequently with the SEC and FINRA for a name change to RadTek, Inc., change to the Articles of Incorporation. With this the ticker of the company also changed to RDTK and created a class of preferred stock with 10,000,000 shares issuable. No preferred shares have been issued to date.

On November 26, 2013, the Company acquired RadTek, Co. Ltd. RadTek, Co., Ltd. was incorporated under the laws of Republic of Korea in May 2001, and is engaged in developing and marketing radiation-imaging system and equipment that employ digital radiography technology. The systems offered are primarily in the line of radiation scanning and related engineering services for users in various fields such as biotechnology, medical, product quality control, and security system. The specific product line includes food inspection systems, X-ray diagnosis related systems, baggage and container inspection systems, and radiation safety engineering. As the market in this field is dominated by high-priced systems for large users, the Company aims to focus on the niche market of small users by offering low-cost models.

On December 31, 2012, RadTek, Co., Ltd. entered into an agreement to acquire a company (a Nevada corporation) listed on “Over-the-Counter” Market of the United States. This transaction was completed in February 2013, and has resulted in the acquisition of 89.6% of the outstanding voting shares of the listed company at the consideration of $367,000 including transaction expenses. All amounts recorded as treasury stock in consolidated balance sheet as of December 31, 2013.

On November 26, 2013, the Company entered into a definitive agreement with RadTek, Co. Ltd.’s shareholders. Pursuant to the agreement, the Company purchased all of the outstanding securities of the RadTek, Co. Ltd. (1,900,000) in exchange for 1,900,000 common shares of the Company. RadTek Co. Ltd. shall be a wholly owned subsidiary of the Company. RadTek, Co. Ltd. is treated as the “accounting acquirer” in the accompanying financial statements. In the transaction, the Company issued 1,900,000 common shares to the shareholders of RadTek, Co. Ltd.; such shares represented, immediately following the transaction, 94% of the outstanding shares of the Company(excluding treasury stock of 1,107,500 shares). The transaction was accounted for as a “reverse merger” and a reverse recapitalization and the issuances of common stock were recorded as a reclassification between paid-in-capital and par value of Common Stock.

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On January 15, 2014, the Board of Directors approved to increase authorized common shares from 60,000,000 common shares, par value $0.001 to 1,990,000,000 common shares, par value $0.001 per common shares and to effectuate a forward split of RadTek’s common stock at an exchange ratio of 50 for 1 so that each outstanding common share before the forward split shall represent 50 common shares after the forward split.

(b) Basis of Presentation and Going Concern Considerations

The accompanying unaudited condensed consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation have been included. Operating results for the three months ended ~~September~~March 3031, ~~2014~~2015 are not necessarily indicative of the results that may be expected for the full year ending December 31, ~~2014~~2015.

For further information, refer to the consolidated financial statements and footnotes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, ~~2013~~2014.

The accompanying financial statements have been presented on the basis that it is a going concern which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has not yet established an ongoing source of revenues sufficient to cover its operating costs. The Company’s ability to continue as a going concern is highly dependent upon management’s ability to increase near-term operating cash flows and obtain additional working capital through the issuance of debt and or equity. If the Company is unable to obtain adequate capital, it could be forced to cease operations.

These consolidated financial statements present the financial condition, and results of operations and cash flows of the operating companies.

The Company’s financial statements are presented on a going concern basis, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. The Company has experienced recurring losses over the past years which have resulted in stockholders’ accumulated deficits of approximately $2,~~087~~259 thousand and a working capital deficit of approximately $~~780~~893 thousand at ~~September~~March 3031, ~~2014~~2015. These conditions raise uncertainty about the Company’s ability to continue as a going concern.

The Company’s ability to continue as a going concern is contingent upon its ability to secure additional financing, ~~and~~ increase sales of its products and attain profitable operations. It is the intent of management to continue to raise additional capital to sustain operations and to ~~increase~~pursue ~~sales~~acquisitions of operating companies in order to generate future profits for the Company. However, there can be no assurance that the Company will be able to secure such additional funds or ~~increase~~obtain ~~sales~~such on terms satisfactory to the Company, if at all.

The accompanying financial statements do not include any adjustments relating to the recoverability and classification of asset carrying amounts or the amount and classification of liabilities that might result from the outcome of this uncertainty.

Note 2 – Investment

The Company invested W30,000,000 (about US$28,000) in KTEX Ltd. in 2012. The Company has ownership of 3% of KTEX. The Company recognized loss on investment of $22,580 in 2013. The company recorded gain of $3,513 as comprehensive income in 2014.

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Note 3 – Intangibles

The Company’s intangible assets are composed of the following as of ~~September~~March 3031, ~~2014~~2015 and December 31, ~~2013~~2014:

	September 30, 2014	December 31, 2013
	March 31, 2015	December 31, 2014
Patents	$ 1312,~~625~~954	$ 13,~~564~~023
Technical rights	~~114~~108,~~088~~472	~~113~~109,~~581~~044
	127,713	127,145
	121,426	122,067
Accumulated amortization	(3335,~~719~~070)	(2833,~~842~~742)
Intangible assets, net	$ 9386,~~994~~356	$ 9888,~~303~~325

Direct costs incurred in obtaining patents and technical rights are capitalized. These patents and rights are subject to amortization as their lives are statutorily limited in South Korea, typically over the period of twenty years. Accordingly, they are being amortized over the statutory lives. Management considered recoverability of the balances of these assets and determined that no adjustment was necessary as of March 31, ~~2014~~2015.

Amortization expenses for the ~~nine~~three months ~~and year~~ ended ~~September~~March 3031, ~~2014~~2015 and the years ended December 31, ~~2013~~2014 were $41,~~309~~511and ~~and~~ $6,~~075~~316, respectively.

Note 4 – Short-term Borrowings

Short term borrowings consist of the following as of ~~September~~March 3031, ~~2014~~2015 and December 31, ~~2013~~2014:

	September 30, 2014	December 31, 2013
	March 31, 2015	December 31, 2014
Note payable to a bank at interest rate of 4.95%. The line matures in November 2014.	$140,577	$145,648
Note payable to a bank at interest rate of 4.39%. The line matures in November 2015.	$ 135,747	$ 136,463
Total short-term borrowings	$~~140~~ 135,~~577~~747	$~~145~~ 136,~~648~~463

Note 5– Advances from Related Party

The Company, on an as need basis, borrows funds from a shareholder. The borrowings are unsecured and payments are made at the Company’s discretion. The borrowings are non-interest rate. Total borrowing as of ~~September~~March 3031, ~~2014~~2015 and December 31, ~~2013~~2014 were $~~434~~456,~~105~~371 and $~~249~~440,~~298~~817 respectively.

Note 6 – Loan agreement

On April 1, May1, and July 2, 2014, the Company entered loan agreement of $50,000, $50,000 and $60,000 with related party, respectively. The interest is 2% per annum and repayment date is March 24, 2015. As of ~~September~~December 3031, 2014, the Company borrowed $160,000 from related party. As of December 31, 2014, accrued interest of $1,284 has been recorded in accounts and other payable. The Company repaid $160,000 in January 2015.

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Note 7 – Common stock

As of December 31, 2013, the Company holds 155,~~107~~375,~~500~~000 common shares ($375,053) as treasury stocks recorded as capital adjustment.

On January 14, 2014, the Company issued 20,000,000 common shares to two employees and three consultants valued at the market close and recorded as $435,736 in selling and administrative expenses and $435,736 in consulting fees, respectively, for an aggregate expense of $871,472.

Note 8 – Significant contracts

OnThe ~~October~~Company ~~11,~~has ~~2013,~~contracted ~~the~~with ~~Company~~Korea ~~entered~~Research ~~into~~Institute aof ~~supply~~Ships ~~contract~~and ~~with~~Ocean ~~Joongsun~~Engineering ~~ITC~~(KRISO) ~~Co.~~for ~~Ltd.~~delivery ~~The~~of ~~Company~~Cargo isInspection ~~working~~System in(CIS) ~~order~~X-ray toAccelerator ~~supply~~which ~~security~~worth ~~solution~~$945,447 on February 13, 2014. Under the payment term, 80% before shipment and ~~security~~20% ~~server~~after the delivery, ~~which~~the isCompany ~~worth~~has ~~W882~~received ~~million~~756,000 ~~won~~USD, ~~(US$~~the ~~840~~80%, ~~thousand)~~from KIOST on May 23, 2014. The delivery due date was postponed as request from KRISO. It was delivered but not installed, and the final 20% of ~~Joongsun~~the ~~ITC~~whole ~~contract~~payment was ~~completed~~billed to KRISO as of ~~July~~November 3010, 2014. Final 20% was received by RadTek Inc. on 17th of November, 2014. The installation is scheduled in June 2015.

OnThe ~~November~~Company ~~28,~~also ~~2013,~~got the ~~Company~~delivery ~~entered~~contract ~~into~~with aKRISO ~~supply~~for ~~contract~~Temperature ~~with~~Control ~~Korea~~Unit ~~Transport~~of ~~Network~~the ~~Express~~X-ray ~~Co.~~Accelerator, ~~Ltd.~~which ~~The~~worth ~~Company~~$25,500, ison ~~working~~July in21, ~~order~~2014. toOn ~~supply~~January ~~X-ray~~21, ~~inspection~~2015, ~~equipment~~KRISO and ~~total~~the ~~solutions~~Company contracted for ~~radiation~~CIS ~~detection,~~Array ~~which~~Detection ~~are~~System which worth ~~W700~~$332,956. ~~million~~The ~~won~~installation ~~(US$~~of ~~656~~all ~~thousand).~~two ~~Contract~~items ~~term~~are isscheduled 6in ~~month~~June, 2015.

OnThe ~~February~~Company ~~13,~~got ~~2014,~~sales ~~the~~and ~~Company~~delivery ~~had a~~ contract ~~with Korea Procurement Service that is delivering a X-ray Linear Accelerator~~ of ~~Cargo~~its Food Inspection System, ~~(CIS) to Korea Research Institute of Ships and Ocean (KRISO)~~ which ~~runs~~worth ~~under authority of Korea Institute of Ocean Science of Technology (KIOST) and funded by Korea Ministry of Maritime Affairs. The total amount of the contract is 945~~42,900,000 ~~USD.~~KRW ~~Under the payment term~~($38, ~~80% before shipment and 20% after the delivery, the Company has received 756,~~000) ~~USD,~~with ~~the~~BIO ~~80%,~~PORT ~~from~~KOREA ~~KIOST~~INC. on ~~May~~December 234, 2014. ~~The~~and ~~last~~completed ~~20% will be received after~~ the delivery ~~due~~in ~~date~~March ~~which is September 5, 2014~~2015. The delivery due date was postponed as request from KRISO. It was delivered, and the final 20% of the whole payment was billed to KRISO as of November 10, 2014. Final 20% was received by RadTek Inc. on 17th of November, 2014.

The Company got sales and delivery contract of its Food Inspection System, which worth 79,000,000 KRW ($70,000) with Hanultari Co., Ltd. on December 8, 2014 and completed the delivery in March 2015.

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The Company contracted with SKTelecom for maintenance service of Korea Customs Service’s ‘Cargo Inspection Center II in Busan New Port.’ The contract ends on Dec 31, 2018 and the amount is 762,685,000 KRW ($672,000). The Company recognized revenue of 127,500,000KRW ($115,909) for the three months ended March 31, 2015.

The contract was made on March 16, 2015. The Company and KTExpress Co. LTD (hereafter KTExpress) has come to a contract for delivery of Industrial Network System Integration for Freights (hereafter the “Project”). The total contract amount is approximately 500,000,000KRW ($458,000). The company and KT Express set the Project in 3 steps. 1st step is designing and customizing of the network system, control program, and processor. 2nd step is manufacturing of control program. The last step is installation and delivery of the network devices and the program.

Note 9 – Investment Agreement and Marketing Agreement

On April 22, 2014, the Company entered into an investment agreement and a corresponding registration rights agreement with Dutchess Opportunity Fund, II, LP, a Delaware Limited Partnership. Under the terms of the investment agreement, Dutchess will invest up to $20,000,000 to purchase the Company’s common shares. From time to time, the Company may deliver a put notice to Dutchess which states the dollar amount of shares they wish to sell. This amount shall be equal to up to either 1) 300% of the average daily US market value of the common stock for three trading days prior to the date of the put notice, or 2) $300,000.

Once a put notice has been delivered to Dutchess, Dutchess will purchase the shares at a price equal to 95% of the lowest daily volume weighted average price of the common stock for the five consecutive trading days following delivery of the put notice. The closing date for the put notice is at the end of that five day period. If the Company has not issued the shares at the end of that period, they agree to pay a cumulative late fee for each trading day beyond the closing date.

Dutchess cannot purchase more than 4.99% of the total common shares outstanding as of the closing date.

Dutchess is not obligated to purchase any shares unless 1) a registration statement has been declared effective and remains effective and available for the resale of all registerable securities at all times until the closing of each subject put notice; 2) the common stock is listed on a principal trading market and is not suspended from trading; 3) the Company has not breached the terms of the investment agreement or the registration agreement; 4) no injunction has been issued prohibiting the purchase or issuance of the securities; and 5) the issuance of shares will not violate any shareholder approval requirements of the principal trading markets.

The investment agreement terminates when Dutchess has purchased an aggregate of $20,000,000 of the Company’s common stock pursuant to the agreement, upon written notice of the registrant to Dutchess, or on April 22, 2017.

Under the terms of the registration rights agreement, the Company shall register up to 40,000,000 common shares for resale. No other securities shall be registered under this agreement without the written approval of Dutchess.

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Note 10 – Subsequent Event

The Company follows the guidance in ASC Topic 855 “Subsequent Events” for the disclosure of subsequent events. The Company evaluated subsequent events through the date of the financial statements were issued.

11On April 28, 2015, the Company entered into an agreement with C&D Co. Ltd., a South Korean company, for the purposes of creating a new corporation. The new corporation will be an Internet Protocol television platform establishment and equipment delivery service. Under the agreement, the Company will raise $2 million for the purposes of establishing the new corporation and registering the shares with FINRA. The Company will then transfer all related resources to the new corporation after its establishment. C&D will provide use of its patents, licenses, trademarks and registered service marks to the Company, as well as its products, marketing support, and technical support. Once the new corporation has been established, all of the patents, licenses, trademarks, and registered service marks will be transferred to the new corporation.

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

Forward-looking Statements

Statements made in this Quarterly Report which are not purely historical are forward-looking statements with respect to the goals, plan objectives, intentions, expectations, financial condition, results of operations, future performance and our business, including, without limitation, (i) our ability to raise capital, and (ii) statements preceded by, followed by or that include the words “may,” “would,” “could,” “should,” “expects,” “projects,” “anticipates,” “believes,” “estimates,” “plans,” “intends,” “targets” or similar expressions.

Forward-looking statements involve inherent risks and uncertainties, and important factors (many of which are beyond our control) that could cause actual results to differ materially from those set forth in the forward-looking statements, including the following, general economic or industry conditions, nationally and/or in the communities in which we may conduct business, changes in the interest rate environment, legislation or regulatory requirements, conditions of the securities markets, our ability to raise capital, changes in accounting principles, policies or guidelines, financial or political instability, acts of war or terrorism, other economic, competitive, governmental, regulatory and technical factors affecting our current or potential business and related matters.

Accordingly, results actually achieved may differ materially from expected results in these statements. Forward-looking statements speak only as of the date they are made. We do not undertake, and specifically disclaim, any obligation to update any forward-looking statements to reflect events or circumstances occurring after the date of such statements.

Plan of Operation

Our plan of operation for the next 12 months is to: (i) Expand our customer base in industries in which we may have an interest, to include X-Ray technology and construction consultation services related to x-ray technology facilities; (ii) Continue reconfiguring our business plans for engaging in the business of our selected industry; and (iii) to expand our contract capacity while completing our expansion of operations through funding and/or our announced acquisition of a going concern engaged in the industry selected.

Other than standard operations associated with business operations mentioned in subsequent events, during the next 12 months, one of our only foreseeable cash requirements, which may be advanced by our management or principal stockholders as loans to us, will relate to maintaining our good standing or the payment of expenses associated with legal, accounting and other fees related to our compliance with the Exchange Act requirements of being a reporting issuer and reviewing or investigating any potential acquisition or business combination candidate. With our business and industry in which our operations have commenced, and other potential acquisitions have not been identified and any prospective acquisition or business combination candidate as of the date of this Quarterly Report, it is impossible to predict the amount of any such costs or required advances. Any such loan will be on terms no less favorable to us than would have been made available to us from a commercial lender in an arm's length transaction.

Results of Operations

For the three months ended ~~September~~March 3031, ~~2014~~2015, we earned net revenues of $~~866~~245,~~373~~775. Our cost of sales was $~~762~~51,~~037~~319, resulting in a gross profit of $~~104~~194,~~336~~456. We had depreciation and amortization expenses of $1,~~618,~~511 and selling and administrative expenses of $~~125~~91,~~889, and bad debt expenses of $524,226~~019. We had net interest ~~expense~~expenses of $1,~~592~~707, a loss ondue to foreign exchange transactions of $~~989~~2, ~~and other income of $4,395~~118. As a result, we had net ~~loss~~income of $~~545~~98,~~583 for the three months ended September 30, 2014~~101. We had a foreign currency translation adjustment of $537,~~554,~~469. As ~~and as~~ a result, we had a comprehensive ~~loss~~income of $~~492~~105,~~029~~570 for the three months ended March 31, 2015.

Comparatively, for the three months ended September 30, 2013, we earned net revenues of $1,287,770. Our cost of sales was $945,559, resulting in a gross profit of $342,211. We had depreciation and amortization expenses of $2,021 and selling and administrative expenses of $85,303. We paid interest expenses of $2,017. We had a loss on foreign exchange transactions of $23,055. We have other income of $3,067. As a result, we had net income of $232,882 for the three months ended September 30, 2013. We had a decrease of $6,351 as a result of the foreign currency translation adjustment, resulting in comprehensive income of $226,531.

The increase in net loss of $778,465 between the three months ended September 30, 2014 compared to the same period ended September 30, 2013 was the result of decreased operations. We were unable to attract many new customers, and as a result, our gross profit decreased by 237,875, or 69.5%. We experienced a bad debt expense of $524,226, and as a result, there was a $802,284 difference between the loss from operations for the three months ended September 30, 2014 compared to the three months ended September 30, 2013.

For the nine months ended September 30, 2014, we earned net revenues of $1,107,739. Our cost of sales was $928,054, resulting in gross profit of $179,685. We paid depreciation and amortization expenses of $4,789, consulting fees of $435,736, selling and administrative expenses of $720,180, and bad debt expense of $524,226. We paid interest expense of $4,933. We had a gain on foreign exchange transactions of $14,586 and other income of $1. As a result, we had net loss of $1,495,592 for the nine months ended September 30, 2014. We had an increase of $14,006 as a result of foreign currency translation adjustments, resulting in a comprehensive loss of $1,481,586.

Comparatively, for the nine months ended September 30, 2013, we earned net revenues of $2,013,300. Our cost of sales was $1,273,576, resulting in gross profit of $739,724. We paid depreciation and amortization expenses of $6,088 and selling and administrative expenses of $325,002. We paid interest expense of $5,995. We had a gain on foreign exchange transaction of $1,282 and other income of $5,807. As a result, we had net income of $409,728 for the nine months ended September 30, 2013. We had an increase of $96,169 due to foreign currency translation adjustments, resulting in a comprehensive income of $505,897.

The increase in net loss of $1,905,320 between the nine months ended September 30, 2014 compared to the same period ended September 30, 2013 was the result of decreased operations. We were unable to attract many new customers, and as a result our gross profit decreased by $560,039, or 75.7%. We had increased our total operating expenses by $1,353,841 due to the bad debt of $524,226 and the additional costs incurred in meeting all of our reporting requirements and to pursue our registration statement.

Liquidity and Capital Resources

For the nine months ended September 30, 2014, we had net loss of $1,495,592. We had the following adjustments to reconcile net loss to net cash used in the operating activities: $4,789 for depreciation and amortization, $6,004 for severance benefits, $871,472 for stock based compensation, and bad debt of $524,226. We had the following changes in assets and liabilities: increases of $42,306 in accounts receivable, $873,344 in the prepaid expenses and other assets, $146,637 in accounts payable and other payables and $513,161 in the advance receipts on contracts. We had increases of $89,315 in accrued liabilities and other liabilities. As a result, we had net cash used in operating activities of $434,268 for the nine months ended September 30, 2014.

For the nine months ended September 30, 2013, we had net income of $409,728. We had the following changes to reconcile net income to net cash used in the operating activities: $6,088 for depreciation and amortization and $23,933 for severance benefits. We had the following changes in assets and liabilities: increases of $36,107 in accounts receivable, $14,881 in inventory, $22,639 in prepaid expenses and other assets, accounts payable and other payable and $32,485 in accrued liabilities and other liabilities and increases in $385,933 in advance payments on contracts. As a result, we had net cash used in operating activities of $74,656 for the nine months ended September 30, 2013.

~~For~~Table ~~the~~of ~~nine months ended September 30, 2014, we did not pursue any investing activities.~~Contents

~~For~~Comparatively, for the ~~nine~~three months ended ~~September~~March 3031, ~~2013~~2014, we ~~spent~~earned net revenues of $15186,~~000~~832. Our oncost ~~goodwill~~of ~~activities~~sales was $124,628, resulting in a gross profit of $62,204. We had depreciation and amortization expenses of $281,~~009~~556, onpaid anconsulting ~~investment~~fees inof an$435,736, ~~affiliate~~and had selling and administrative expenses of $516,299. We paid net interest expenses of $1,957. We had a loss from foreign exchange transactions of $9,026 and net other losses of $1,791. As a result, we had net ~~cash~~loss ~~used~~of $904,161. We had a loss of $241 due to foreign currency translation adjustment, resulting in ~~investing~~comprehensive ~~activities~~loss of $43904,~~009~~402 for the ~~nine~~three months ended ~~September~~March 3031, ~~2013~~2014.

~~For~~The increase in comprehensive income of $1,009,972 between the ~~nine~~three months ended ~~September~~March 3031, ~~2014,~~2015 wecompared ~~received~~to ~~$160~~the same period ended March 31,~~000~~ ~~from~~2014 awas ~~loan~~the ~~from~~result aof ~~related~~severely ~~party~~decreased ~~and~~operating expenses. Our net revenues increased by $~~184~~58,~~807~~943, ~~from~~or ~~advances~~24%, ~~from~~and ~~related~~our ~~parties~~cost of sales was reduced by $73,309, or58.8%. AsOur operating expenses decreased by $861,061 as a result, weof ~~had~~decreased ~~net~~selling ~~cash~~and ~~provided~~administrative byexpenses ~~financing~~and ~~activities~~due ofto ~~$344,807~~us ~~for~~not paying any consulting fees during the ~~nine~~three months ended ~~September~~March 3031, ~~2014~~2015.

~~For~~Liquidity ~~the~~and ~~nine~~Capital months ended September 30, 2013, we repaid $44,961 for short-term borrowings. We received $232,223 from advances from related parties. As a result, we had net cash provided by financing activities of $187,262 for the nine months ended September 30, 2013.Resources

For the three months ended March 31, 2015, we had net income of $98,101. We had ~~cash~~the orfollowing adjustments to reconcile net loss to net cash ~~equivalents~~used ofin operating activities: $341,~~281~~511 for depreciation and amortization and $~~106~~56 due to severance benefits. We had the following changes in assets and liabilities: a $64,~~908~~935 onincrease ~~hand~~in ataccounts ~~September~~receivable, 30a $1,513 ~~2014~~decrease ~~and~~in atinventory, ~~December~~a 31$23,832 ~~2013~~decrease due to prepaid expenses and other assets, ~~respectively.~~a If$50,753 ~~additional~~decrease ~~funds~~due ~~are~~to ~~required~~accounts inpayable, ~~connection~~a ~~with~~$113,777 ~~our~~increase ~~present~~due ~~planned~~to ~~business~~advance ~~operations~~payments oron ~~for~~contracts, ~~Exchange~~and ~~Act~~a ~~filings~~$9,485 ordecrease due to other ~~expenses~~current liabilities. As a result, ~~such~~we ~~funds~~had ~~may~~net becash ~~advanced~~provided by ~~management~~operating oractivities ~~principal~~of ~~stockholders~~$132,587 for the three months ended March 31, 2015.

For the three months ended March 31, 2014, we had net losses of $904,161. We had the following adjustments to reconcile net loss to net cash used in operating activities: $1,556 due to depreciation and amortization, $880,000 due to stock-based compensation, and $2,994 due to severance benefits. We had the following changes in assets and liabilities, net of the effect of acquisitions: a $186,820 increase due to accounts receivable, a $366,614 increase due to prepaid expenses and other assets, a $298,370 increase due to accounts payable, a $190,527 increase due to advance payments on contracts, and a $7,232 increase due to other current liabilities. As a result, we had net cash used in operating activities of $76,916 for the three months ended March 31, 2014.

For the three months ended March 31, 2015 and 2014, we did not pursue any investing activities.

For the three months ended March 31, 2015, we spent $160,000 on the repayment of short-term borrowings. We received $15,554 from borrowing from related parties. As a result, we had net cash used in financing activities of $144,446 for the three months ended March 31, 2015.

For the three months ended March 31, 2014, we did not pursue any financing activities.

We had cash or cash equivalents of $208,675 and $213,247 on hand at March 31, 2015 and at December 31, 2014, respectively. If additional funds are required in connection with our present planned business operations or for Exchange Act filings or other expenses, such funds may be advanced by management or principal stockholders.

Item 3. Quantitative and Qualitative Disclosures About Market Risk.

Not applicable for a smaller reporting company.

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Item 4. Controls and Procedures.

During the three months ended ~~September~~March 3031, ~~2014~~2015, there were no changes in our internal controls over financial reporting (as defined in Rule 13a-15(f) and 15d-15(f) under the Exchange Act) that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

Evaluation of Disclosure Controls and Procedures

Under the supervision and with the participation of our management, including our chief executive officer and principal financial officer, we conducted an evaluation of our disclosure controls and procedures, as such term is defined under Rule 13a-15(e) and Rule 15d-15(e) promulgated under the Securities Exchange Act of 1934, as amended, as of ~~September~~March 3031, ~~2014~~2015. Based on this evaluation, our chief executive officer and principal financial officers were not able to conclude that the Company’s disclosure controls and procedures are effective to ensure that information required to be included in the Company’s periodic Securities and Exchange Commission filings is recorded, processed, summarized, and reported within the time periods specified in the SEC rules and forms. Therefore, under Section 404 of the Sarbannes-Oxley Act of 2002, the Company must conclude that these controls and procedures are not effective.

Off-Balance Sheet Arrangements; Commitments and Contractual Obligations

As of ~~September~~March 3031, ~~2014~~2015, we did not have any off-balance sheet arrangements and did not have any commitments or contractual obligations.

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PART II - OTHER INFORMATION

Item 1. Legal Proceedings

None

Item 1A. Risk Factors

Not applicable for smaller reporting companies

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

None

Item 3. Defaults Upon Senior Securities.

None

Item 4. Mine Safety Disclosures

Not Applicable

Item 5. Other Information

None

Item 6. Exhibits

Exhibit 31* - Certifications pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

Exhibit 32* - Certifications pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

101.INS** XBRL Instance Document

101.SCH** XBRL Taxonomy Extension Schema Document

101.CAL** XBRL Taxonomy Extension Calculation Linkbase Document

101.DEF**. XBRL Taxonomy Extension Definition Linkbase Document

101.LAB** XBRL Taxonomy Extension Label Linkbase Document

101.PRE** XBRL Taxonomy Extension Presentation Linkbase Document

* Filed herewith

**XBRL (Extensible Business Reporting Language) information is furnished and not filed or a part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, is deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and otherwise is not subject to liability under these sections.

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SIGNATURES

RADTEK, INC.

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

Date: December 5, 2014	RadTek, Inc.
Date: May 15, 2015	RadTek, Inc.
	By	/s/ KwangHyun Kim
		Name: KwangHyun KimTitle: President, Chief Executive Officer

Date: December 5, 2014	RadTek, Inc.
Date: May 15, 2015	RadTek, Inc.
	By	/s/ JaeChan Kim
		Name: JaeChan Kim Title: Treasurer (Chief Financial Officer)

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