SECURIITES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 10Q

Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the Quarterly period ended June 30, 2014

Commission File No. 333-103986

HITOR GROUP, INC.

(Exact name of registrant as specified in its charter)


Nevada	98-0384073
(State of other jurisdiction of incorporation or organization)	(IRS Employer Identification No.)

6513 132nd Ave NE #376

Kirkland, WA 98033

(Address of principal executive offices)

Registrants’ telephone number:

(206) 229-4188

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

Indicate by check mark whether the registrant has submitted electronically and posted on tis corporate Website, 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 t6he registrant was required to submit and post such files).

[x] Yes [ ] No

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

Large Accelerated Filer [ ]

Accelerated Filer [ ]

Non-Accelerated Filer [ ]

Smaller reporting company [X]

Indicate by checkmark whether the registrant is a shell company (as defined in Rule 12b 2 of the Exchange Act).

[ ] Yes

[ X ] No

As of June 30, 2014, there were 85,267,731 issued and outstanding shares of the Company’s common stock.

PART I

Item 1. Financial Statements.

In the opinion of management, the accompanying unaudited financial statements contain all adjustments necessary to present fairly the Company’s financial position as of June 30, 2014, and the results of its operations for the three and six month periods ended June 30, 2014 and 2013, and its cash flows for the three and six month periods ended June 30, 2014 and 2013.

The quarterly financial statements are presented in accordance with the requirements of Form 10-Q and do not include all of the disclosures required by accounting principles generally accepted in the United States of America. For additional information, reference is made to the Company’s audited financial statements filed with Form 10-K for the year ended December 31, 2013. The results of operations for the three and six month periods ended June 30, 2014 and 2013, are not necessarily indicative of operating results for the full year.


HITOR GROUP, INC.
*(Formerly NANO-JET, CORP.)*
*Table of Contents*






Balance Sheets:
June 30, 2014 and December 31, 2013				F-1

Statements of Operations:
For the three and six months ended June 30, 2014 and 2013 and
cumulative inception July 15, 2005 through June 30, 2014				F-2

Statements of Cash Flows:
For the three months ended June 30, 2014 and 2013				F-3

Notes to Financial Statements:
June 30, 2014				F-5 to F-10


HITOR GROUP, INC.
*(Formerly NANO-JET, CORP.)*
*(A development stage enterprise)*
*Balance Sheets*

	(Unaudited)	(audited)
	*June 30,*	*December 31,*
	*2014*	*2013*

ASSETS
Current assets:
Cash	$ 4,978	$ 14,529
Prepaid Expenses	-	-
Inventory	-	-
Total current assets	4,978	14,529

Fixed Assets
Furniture and Equipment	8,936	8,936
Computer Equipment	5,617	5,617
Leasehold Improvements	-	-
Total Fixed Assets	14,553	14,553
Less Accumulated Depreciation	(14,553)	(14,553)
Net Fixed Assets	-	-

Other Assets
Investment in HITOR Poland LLC	-	-
Goodwill	-	-
Total Other Assets	-	-
Total assets	$ 4,978	$ 14,529


LIABILITIES
Current liabilities:
Accounts payable and accrued expenses	$ 223,137	$ 208,474
Convertible Notes Payable	597,448	524,500
Deposit	150,000	150,000
Notes payable	151,103	162,903
Advance from Lantz Financial, Inc.	24,500	24,500
Total current liabilities	1,146,188	1,070,377

Long-term liabilities:

Total long-term liabilities	-	-

Total liabilities	1,146,188	1,070,377


STOCKHOLDERS' DEFICIT
Common stock, $.001 par value, 100,000,000 authorized,
85,267,731 and 81,505,862 shares issued and outstanding	85,268	81,506
Capital in excess of par value	1,876,864	1,855,126
Deficit accumulated during the development stage	(3,103,342)	(2,992,480)
Total stockholders' deficit	(1,141,210)	(1,055,848)
Total liabilities and stockholders' deficit	$ 4,978	$ 14,529

The accompanying notes are an integral part of these statements.

F-1


HITOR GROUP, INC.
*(Formerly NANO-JET, CORP.)*
*(A development stage enterprise)*
*Statements of Operations*
*Unaudited*
	*Cumulative,*
	*Inception,*
	*July 15,*	*Three months*	*Three months*	*Six months*	*Six months*
	*2005 Through*	*Ended*	*Ended*	*ended*	*ended*
	*June 30,*	*June 30,*	*June 30,*	*June 30,*	*June 30,*
	*2014*	*2014*	*2013*	*2014*	*2013*

Sales	$ 81,723	$ -	$ 50,000	$ -	$ 50,000

Cost of Sales	49,579	-	-		-

Gross Profit	32,144	-	50,000	-	50,000

General and administrative expenses:
Salaries	228,693	-			-
Depreciation	22,837	-			-
Legal and professional	1,151,116	27,571	31,569	32,244	93,608
Marketing and Advertising	457,075	835	30,644	1,014	52,791
Insurance	32,920	105	105	210	210
Communications	59,241	1,552	1,662	2,454	3,628
Rent	108,949	1,500	3,000	2,695	4,000
Inventory impairment	75,968				-
Other general and administrative	486,113	11,990	17,392	17,084	35,801
Total operating expenses	2,622,912	43,553	84,372	55,701	190,038
(Loss) from operations	(2,590,768)	(43,553)	(34,372)	(55,701)	(140,038)

Other income (expense):
Interest Income	4,617	-	-	-	-
Loss on disposition of assets	(35,720)			-
Interest (expense)	(481,471)	(30,066)	(10,544)	(55,161)	(91,246)
(Loss) before taxes	(3,103,342)	(73,619)	(44,916)	(110,862)	(231,284)

Provision (credit) for taxes on income	-	-	-	-	-
Net (loss)	$ (3,103,342)	$ (73,619)	$ (44,916)	$ (110,862)	$ (231,284)


Basic earnings (loss) per common share		$ (0.00)	$ (0.00)	$ (0.00)	$ (0.00)

Weighted average number of shares outstanding		83,546,485	74,767,204	83,546,485	74,767,204

The accompanying notes are an integral part of these statements.

F-3


HITOR GROUP, INC.
*(Formerly NANO-JET, CORP.)*
*(A development stage enterprise)*
*Statements of Cash Flows*
*Unaudited*
	*Cumulative,*
	*Inception,*
	*July 15,*	*Six months*	*Six months*
	*2005 Through*	*ended*	*ended*
	*June 30,*	*June 30,*	*June 30,*
	*2014*	*2014*	*2013*
Cash flows from operating activities:
Net (loss)	$ (3,103,342)	$ (110,862)	$ (231,284)
Adjustments to reconcile net (loss) to cash
provided (used) by developmental stage activities:
Common stock issued for services	522,724		-
Effects of reverse merger with LFG	(8,636)
Depreciation and Amortization	14,553	-	-
Interest expense	13,909	13,909
Amortization of bond discount	222,155	19,539	15,580
Loss on sale of assets	12,620
Change in current assets and liabilities:
Prepaid expenses	-	-	20,117
Deposits	150,000	-
Accounts payable and accrued expenses	223,137	14,663	19,323
Net cash flows from operating activities	(1,952,880)	(62,751)	(176,264)
Cash flows from investing activities:
Purchase of fixed assets	(14,553)	-	-
Website development costs incurred
Net cash flows from investing activities	(14,553)	-	-
Cash flows from financing activities:
Proceeds from sale of common stock	1,169,827	-	-
Proceeds/(payments) from notes payable	188,584	(11,800)	49,982
Convertible Note Payable	589,500	65,000	65,000
Investment in subsidiary	-	-	-
Advance from Lantz Financial, Inc.	24,500
Net cash flows from financing activities	1,972,411	53,200	114,982
Net cash flows	4,978	(9,551)	(61,282)
Cash and equivalents, beginning of period	-	14,529	64,992
Cash and equivalents, end of period	$ 4,978	$ 4,978	$ 3,710

Supplemental cash flow disclosures:
Cash paid for interest	$ -	$ -	$ -
Cash paid for income taxes	-
Shares issued to settle convertible debenture	$ 138,271	$ 15,000	$ 7,286

The accompanying notes are an integral part of these statements.

F-3

Hitor Group, Inc.

Formerly Nano-Jet Corp.

(A development stage enterprise)

Notes to Financial Statements

June 30, 2014

Note 1 - Organization and summary of significant accounting policies:

Following is a summary of the Company’s organization and significant accounting policies:

Organization and nature of business –Hitor Group Inc., formerly Nano-Jet Corp. (“We,” or “the Company”) is a Nevada corporation incorporated on July 15, 2005. Effective December 6, 2007, the Company changed its name to Hitor Group Inc.

The Company’s product is anticipated to allow owners and operators of both gasoline and diesel powered vehicles to potentially increase fuel efficiency while reducing fuel emissions into the environment. In addition, the Company intends to operate three other subsidiaries. One will focus on oil extraction, transport and storage solutions. The other will focus on alternative powered private and commercial vehicles. The Company owns a proprietary technology and currently is applying for patents and has hired patent attorneys for this technology worldwide.

The Company is also in the process of substantially changing their business plan. The company will operate two distinct sections, the one that allows fuel and energy efficiency and a new telecom division which will allow the company to offer voice over internet protocol (VoIP). See note 9 for more.

Basis of presentation – The accompanying financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America, and pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) and reflect all adjustments, consisting of normal recurring adjustments, which management believes are necessary to fairly present the financial position, results of operations, and cash flows of the Company for the period ending June 30, 2014 and December 31, 2013.

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

Cash and cash equivalents - The Company maintains a cash balance in a non-interest-bearing account that currently does not exceed federally insured limits. For the purpose of the statements of cash flows, all highly liquid investments with an original maturity of three months or less are considered to be cash equivalents. There were no cash equivalents as of June 30, 2014 and December 31, 2013.

Inventory – Inventory is recorded at lower of cost or market, cost is computed on a first-in first-out basis. The inventory consists of imported parts. The Company currently has no inventory.

Property and Equipment – The Company values its investment in property and equipment at cost less accumulated depreciation. Depreciation is computed primarily by the straight line method over the estimated useful lives of the assets ranging from five to thirty-nine years.

Fair value of financial instruments and derivative financial instruments – We have adopted Accounting Standards Codification regarding Disclosure About Derivative Financial Instruments and Fair Value of Financial Instruments. The carrying amounts of cash, accounts payable, accrued expenses,

Hitor Group, Inc.

Formerly Nano-Jet Corp.

(A development stage enterprise)

Notes to Financial Statements

June 30, 2014

and other current liabilities approximate fair value because of the short maturity of these items. These fair value estimates are subjective in nature and involve uncertainties and matters of significant judgment, and, therefore, cannot be determined with precision. Changes in assumptions could significantly affect these estimates. We do not hold or issue financial instruments for trading purposes, nor do we utilize derivative instruments in the management of foreign exchange, commodity price or interest rate market risks.

Federal income taxes - Deferred income taxes are reported for timing differences between items of income or expense reported in the financial statements and those reported for income tax purposes in accordance with Accounting Standards Codification regarding Accounting for Income Taxes, which requires the use of the asset/liability method of accounting for income taxes. Deferred income taxes and tax benefits are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases, and for tax loss and credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Deferred taxes are provided for the estimated future tax effects attributable to temporary differences and carryforwards when realization is more likely than not.

Net loss per share calculation - Net loss per share is provided in accordance with FASB ASC 260-10, “Earnings per Share”. Basic net loss per common share ("EPS") is computed by dividing income available to common stockholders by the weighted-average number of common shares outstanding for the period. Diluted earnings per share is computed by dividing net income by the weighted average shares outstanding, assuming all dilutive potential common shares were issued, unless doing so is anti-dilutive.

Recently Issued Accounting Pronouncements - For the periods ended June 30, 2014 and December 31, 2013, the Company does not expect any of the recently issued accounting pronouncements to have a material impact on its financial condition or results of operations.

Note 2 - Uncertainty, going concern:

At June 30, 2014, we were engaged in a business and had suffered losses from development stage activities to date. In addition, current liabilities exceed current assets, and we have minimal operating funds. Although management is currently attempting to identify business opportunities and is seeking additional sources of equity or debt financing, there is no assurance these activities will be successful. Accordingly, we must rely on our officers to perform essential functions without compensation until a business operation can be commenced. No amounts have been recorded in the accompanying financial statements for the value of officers’ services, as it is not considered material.

These factors raise substantial doubt about the ability of the Company to continue as a going concern. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

Note 3 – Advance from Lantz Financial, Inc.:

On March 6, 2006, April 20, 2005 and November 28, 2005, we obtained loans of $10,000, $8,500 and $6,000 respectively from Lantz Financial, Inc., a Panamanian company. Lantz is a non-affiliate of the Company (not associated with any officer, director, or 5% shareholder). The loans are not evidenced by a note, do not bear interest, and are unsecured. They are due on demand. The lender has indicated that it

Hitor Group, Inc.

Formerly Nano-Jet Corp.

(A development stage enterprise)

Notes to Financial Statements

June 30, 2014

may want to convert the debt into shares in the future, but there is no agreement to that effect and no understanding as to any other terms.

Note 4 - Federal income tax:

We follow Accounting Standards Codification regarding Accounting for Income Taxes. Deferred income taxes reflect the net effect of (a) temporary difference between carrying amounts of assets and liabilities for financial purposes and the amounts used for income tax reporting purposes, and (b) net operating loss carryforwards. No net provision for refundable Federal income tax has been made in the accompanying statement of loss because no recoverable taxes were paid previously. Similarly, no deferred tax asset attributable to the net operating loss carryforward has been recognized, as it is not deemed likely to be realized.

The provision for refundable Federal income tax consists of the following:

12/31/2013

12/31/2012

Refundable Federal income tax attributable to:

Current operations

$(151,217)

$( 227,656)

Less, Nondeductible expenses

-0-

-Less, Change in valuation allowance

151,217

227,656

Net refundable amount

-0- -0-

The cumulative tax effect at the expected rate of 34% of significant items comprising our net deferred tax amount is as follows:

12/31/2013

12/31/12

Deferred tax asset attributable to:

Net operating loss carryover

$1,007,243

$ 856,027

Less, Valuation allowance

( 1,007,243)

( 856,027)

Net deferred tax asset

-0- -0-

At December 31, 2013, an unused net operating loss carryover approximating $2,992,480 is available to offset future taxable income; it expires beginning in 2018. Due to the change of control of the Company, the use of the net operating loss may be limited in the future.

Note 5 – Investment in HITOR Poland LLC

On May 16, 2012, The Company invested $3,000 in HITOR Poland LLC. The Company owns a 49% interest in the LLC. The joint venture is a manufacturing plant that will manufacture the HITOR product line and operates in Sanouk, Poland. On September 13, 2012, the Company invested an additional $20,100 for a total of $23,100 at December 31, 2012. As a result of the significant influence and control exercised over the investee, HITOR Poland LLC, the accounting policy has been determined to be the equity method. Accordingly, the investment is recorded at cost and there have been no earnings or expenses from Hitor Poland to recognize. During the fourth quarter of 2013, the Company decided to terminate all operations in Poland. The Company recognized a loss on abandonment of $23,100.

Hitor Group, Inc.

Formerly Nano-Jet Corp.

(A development stage enterprise)

Notes to Financial Statements

June 30, 2014

Note 6 – Cumulative sales of stock:

Since its inception, we have issued shares of common stock as follows:

On July 15, 2005, the Company issued 81,005,000 founder shares for services rendered in the amount of $81,005.

On September 30, 2006 the Company completed a reverse merger with LFG International, Inc. The Company issued 67,133 shares for the outstanding shares of LFG International, Inc. As part of the recapitalization of the reverse merger the Company rolled forward a reverse 2:1 stock split. The effect of this reverse split was a reduction of the outstanding shares of 40,435,367.

On June 19, 2007, the Company’s convertible notes payable were called. The company issued 1,000,000 shares in exchange for $700,000 of the convertible notes.

On July 12, 2007 the Company issued 100,000 shares of common stock in exchange for consulting services rendered.

On March 31, 2008 the Company issued 15,000 shares of common stock for $15,000.

On February 26, 2010 the Company issued 20,000 shares of common stock for $20,000.

On December 22, 2010 the Company issued 275,000 shares of common stock for $55,000.

In September and October of 2011, The Company issued 2,150,000 shares of stock for $244,400.

In December 2011, The Company issued 107,673 as part of a convertible debenture.

During the first quarter of 2012, the Company issued 400,000 shares of stock for $40,000 to two individuals and 3,142,750 shares to Turon Capital Partners, Inc. for marketing services to be provided.

During the first quarter of 2013, the Company issued 6,283,559 share of stock for $0.009 to pay down the convertible debentures in the amount of $58,333.

On April 22, 2013, the Company issued 291,845 to pay down the Asher notes by $7,286.

On August 12, 2013, the Company issued 311,509 to pay down the Asher notes by $14,533.

During the fourth quarter of 2013, the Company issued 5,387,981 shares of stock for $39,200 cash.

On February 20, 2014, the Company issued 2,360,000 to reduce their convertible notes by $10,500.

On June 2, 2014, the Company issued 1,401,869 to reduce their convertible notes by $15,000.

Note 7 – Convertible Notes Payable:

On December 12, 2006 the Company issued a convertible notes payable in the amount of $300,000.

Hitor Group, Inc.

Formerly Nano-Jet Corp.

(A development stage enterprise)

Notes to Financial Statements

June 30, 2014

$200,000 of the loan was advanced in December, 2006. In March 2007, the additional $100,000 was received. The note is due one year from the date of issue and bears interest at the rate of 5% per annum compounded annually. The terms of the note allow the holder to convert the note into shares of the company’s stock at the rate of one share per $1 of debt including unpaid interest.

The Company issued additional convertible notes payable in July of 2009 in the amount of $100,000. The note is due one year from the date of issue and bears interest at a rate of 5% per annum compounded annually. The terms of the note allow the holder to convert the note into shares of the Company’s stock at a rate of one share per $1 of debt including unpaid interest.

On March 7, 2013, The Company entered into a Note Purchase Agreement with Asher Enterprises, Inc. in which the Company issued to Asher Enterprises a convertible promissory note in the amount of $32,500. These notes are convertible into shares of the Company’s common stock based on 55% of the lowest trade price in the 10 days pervious to the conversion. The Notes have a maturity of 9 months and each bear an 8% interest rate. Additionally, the company recorded the intrinsic value of the 45% discount on conversion factor. The Company recorded bond discount of $26,591.

On April 15, 2013, The Company entered into a Note Purchase Agreement with Asher Enterprises, Inc. in which the Company issued to Asher Enterprises a convertible promissory note in the amount of $32,500. These notes are convertible into shares of the Company’s common stock based on 55% of the lowest trade price in the 10 days pervious to the conversion. The Notes have a maturity of 9 months and each bear an 8% interest rate. Additionally, the company recorded the intrinsic value of the 45% discount on conversion factor. The Company recorded bond discount of $26,591.

On May 31, 2013, The Company entered into a Note Purchase Agreement with Asher Enterprises, Inc. in which the Company issued to Asher Enterprises a convertible promissory note in the amount of $32,500. These notes are convertible into shares of the Company’s common stock based on 55% of the lowest trade price in the 10 days pervious to the conversion. The Notes have a maturity of 9 months and each bear an 8% interest rate. Additionally, the company recorded the intrinsic value of the 45% discount on conversion factor. The Company recorded bond discount of $26,591.

On August 7, 2013, The Company entered into a Note Purchase Agreement with Asher Enterprises, Inc. in which the Company issued to Asher Enterprises a convertible promissory note in the amount of $14,500. These notes are convertible into shares of the Company’s common stock based on 55% of the lowest trade price in the 10 days pervious to the conversion. The Notes have a maturity of 9 months and each bear an 8% interest rate. Additionally, the company recorded the intrinsic value of the 45% discount on conversion factor. The Company recorded bond discount of $11,864.

On November 11, 2013, The Company entered into a Note Purchase Agreement with Asher Enterprises, Inc. in which the Company issued to Asher Enterprises a convertible promissory note in the amount of $12,500. These notes are convertible into shares of the Company’s common stock based on 55% of the lowest trade price in the 10 days pervious to the conversion. The Notes have a maturity of 9 months and each bear an 8% interest rate. Additionally, the company recorded the intrinsic value of the 45% discount on conversion factor. The Company recorded bond discount of $10,227.

On April 15, 2014, The Company entered into a Note Purchase Agreement with KBM Worldwide, Inc. in which the Company issued to KBM Worldwide a convertible promissory note in the amount of $22,500.

Hitor Group, Inc.

Formerly Nano-Jet Corp.

(A development stage enterprise)

Notes to Financial Statements

June 30, 2014

These notes are convertible into shares of the Company’s common stock based on 51% of the lowest trade price in the 10 days pervious to the conversion. The Notes have a maturity of 9 months and each bear an 8% interest rate. Additionally, the company recorded the intrinsic value of the 49% discount on conversion factor. The Company recorded bond discount of $23,418.

On May 19, 2014, The Company entered into a Note Purchase Agreement with KBM Worldwide, Inc. in which the Company issued to KBM Worldwide a convertible promissory note in the amount of $42,500. These notes are convertible into shares of the Company’s common stock based on 51% of the lowest trade price in the 10 days pervious to the conversion. The Notes have a maturity of 9 months and each bear an 8% interest rate. Additionally, the company recorded the intrinsic value of the 49% discount on conversion factor. The Company recorded bond discount of $44,235.

The balance of these convertible debentures at June 30, 2014 and December 31, 2013 was $297,448 and $124,500, respectively. The balance of the bond discount amount was $54,932 at June 30, 2014 and $16,182 December 31, 2013.

Note 8 – Notes Payable

The Company has a non-interest bearing note payable with one of its officers and shareholders. The balance of this note at June 30, 2014 was $22,103 and $33,903 at December 31, 2013.

The Company also has notes payable $129,000. These notes carry an interest rate of 8% and a one year maturity rate. The balance of these notes at June 30, 2014 and December 31, 2013 was $129,000.

Note 9 – Subsequent Events:

Management has reviewed events between June 30, 2014 and the date the financials were issued, May 19, 2014, and there were no significant events identified for disclosure.

On July 28, 2014, The Company received $12,500 in a convertible notes payable with KBM Worldwide, Inc.

On August 6, 2014, the Company issued 2,380,952 shares of stock to reduce their convertible notes payable with Asher by $15,000.

Item 2.

Management’s Discussion and Analysis of Financial Condition and Results of Operation

Hitor Group is a development stage company with limited operations, limited revenue, limited financial backing and limited assets. The following plan of operation should be read in conjunction with the June 30, 2014, unaudited financial statements and the related notes elsewhere in this report. This discussion contains forward-looking statements based upon current expectations that involve risks and uncertainties, such as our plans, objectives, expectations and intentions. Our actual results and the timing of certain events could differ materially from those anticipated in these forward looking statements as a result of certain factors, including those set forth under Business and elsewhere in this report.

As of June 30, 2014, Hitor Group had $4,978 cash on hand. Development stage net loss for the three months ended June 30, 2014, was $73,619 compared to $44,916 for the three months ended June 30, 2013. The loss for the quarter ended June 390, 2014, consisted primarily of legal and accounting, marketing and advertising and general and administrative expenses incident to the Company’s development stage activities, with a nominal amount of sales revenue.

Business of Hitor Group

Hitor Group (formerly Can/Am Auto sales, Inc., LFG International, Inc. and Nano Jet Corp) (Hitor Group), is a development stage company with limited operations, limited revenue, limited financial backing and limited assets. The original plan was to market used cars through the internet and auto trade magazines to individuals in the U.S. and Canada.

1. Overview

Hitor Group has the rights to manufacture and distribute a fuel saving device that can be installed on new and existing engines. Hitor Group will market to the American and International trucking and automobile parts distribution companies, as well as to alternative fuel vehicle distributors. It is not the intent of the Company to market directly to the consumer, but rather through distribution channels in the truck, automobile and motorcycle industry. The Company will educate these groups about the benefits of a Hitor Group fuel saving device as well as our other products, such as fuel atomization efficiency enhancement products for their engines. Hitor Group expects to form licensing arrangements with Original Equipment Manufacturers (OEMs) having high brand recognition in the vehicle marketplace.

2. Marketing Strategies

Hitor Groups primary market is the American trucking companies, automobile manufacturers and international trucking and automobile makers. In addition, Hitor Group plans to market to oil companies as well as alternate fuel vehicle distributors. Hitor Group expects that the success of its products will depend, in part, upon the Company increasing the speed and effectiveness with which it educates the consumer in order to capture more market share. The Company plans to do this by attempting to implement one or more of the following strategies:

3. Website

The Hitor Group website will act as a centerpiece to operations and in the future Hitor Group will further build out their website, which will be accessed by member password for trucking companies and distributors such as auto parts companies. The website will form a hub for its Internet community which will also include motorcycle parts distributors as well as oil extraction products. The website will be technically viewed as a portal to all of Hitor Groups product lines. The site will also provide an arena for

ongoing communication among users, testimonials, etc. Online information will be available to members in a highly intuitive format.

Hitor Group will be required to raise funds through equity and/or debt financing in order to purchase the units for resale. The Company does not expect to encounter any delays with the production of the units after the orders are placed. Hitor Group believes it will need to secure between $1,000,000 and $2,000,000 in financing to pre pay for its order of large and small units. Although purchasers and potential distributors have indicated to management of Hitor Group that they will purchase the units when received by the Company, it is possible that those orders may not materialize, or may not all materialize, and the sales forecast may not be met.

Going Concern

There is substantial doubt about our ability to continue as a going concern as the continuation of our business is dependent upon the continued financial support from our shareholders, our ability to obtain necessary equity financing to continue operations, and achieving a profitable level of operations. The issuance of additional equity securities by us could result in a significant dilution in the equity interests of our current shareholders. We hope to raise additional capital by way of equity, debt or a combination of both. It is unlikely that normal commercial loans will be available, since we have minimal revenues to date. If we are required to issue debt, it may be on terms that are more onerous than typical commercial debt. We are actively seeking equity capital. If we are successful in securing one or more equity investments, we expect that we will be able to purchase units of Nano-Jet products and be able to resell those products at a profit. If we are unable to raise capital through equity or debt, or business could fail.

Because we have a working capital deficit, have generated minimal revenues, and have incurred losses from operations since inception, in their report on our audited financial statements for the year ended December 31, 2013, our independent auditors included an explanatory paragraph regarding substantial doubt about our ability to continue as a going concern. Our financial statements contain additional note disclosures describing the circumstances that lead to this disclosure by our independent auditors.

Item 3. Quantitative and Qualitative Disclosures About Market Risk.

Not applicable.

Item 4. Controls and Procedures

Our Chief Executive Officer and Chief Financial Officer conducted an evaluation of the effectiveness of the design and operation of the Company's disclosure controls and procedures, as defined in Rules 13a-15(e) and Rule 15d-15(e) under the Exchange Act. Based upon his evaluation as of June 30, 2014, he concluded that those disclosure controls and procedures were not effective to ensure that information required to be disclosed in the reports that are filed or submitted under the Exchange Act is accumulated and communicated to management, including the CEO and CFO, to allow timely decisions regarding required disclosures.

Specifically, we have noted the following material weaknesses and significant deficiencies in our internal controls over financial reporting and disclosure: we do not have sufficient segregation of duties in our day to day operations and have not implemented compensating controls to offset the material weaknesses noted; we have noted material weaknesses with respect to our financial reporting process, most notably our internal audit functions; we have noted material weaknesses with respect to our corporate governance

and control environment, as noted by restatements of our financial statements from September 30, 2010 to September 30, 2011, because the Company failed to reflect a 1.5 for 1 split of its common stock. We have restated all financial statements from June 30, 2010 to June 30, 2011. Additionally, the Company restated its quarterly financial statements as of June 30, 2012 and June 30, 2012, include a consulting agreement previously omitted from these statements.

Internal Control over Financial Reporting

Other than as described above, there were no changes in our internal control over financial reporting during the quarter ended June 30, 2014, that have materially affected, or are reasonably likely to materially affect our internal controls over financial reporting. Due to the material weaknesses and significant deficiencies noted above, management and the Board of Directors are currently working to remediate all noted weaknesses and deficiencies This Quarterly Report on Form 10 Q does not include an attestation report of the Company’s independent registered public accounting firm regarding internal control over financial reporting. Managements report was not subject to attestation by our registered public accounting firm pursuant to temporary rules of the Securities and Exchange Commission that permit us to provide only managements report in this Quarterly Report on Form 10 Q.

PART II

Item 6. Exhibits

The following exhibits are incorporated into this Form 10-Q Quarterly Report:


Exhibit No.	Description
31.1	Certifications of Chief Financial Officer and Principal Executive Officer Pursuant to Rule 13a-14(a) or 15d-14(a) of the Securities Exchange Act of 1934
32.1	Certification of Chief Financial Officer and Principal Executive Officer under Section 1350 as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
101.INS*	XBRL Instance
101.SCH*	XBRL Taxonomy Schema
101.CAL*	XBRL Taxonomy Calculations
101.DEF*	XBRL Taxonomy Definitions
101.LAB*	XBRL Taxonomy Labels
101.PRE*	XBRL Taxonomy Presentation

* XBRL 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.

SIGNATURES

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

Hitor, Inc.

Date August 18, 2014

/s/ Ken Martin

Ken Martin, CEO, CAO, Director, President

HITOR GROUP, INC. 10-Q