UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

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

For the quarterly period ended ~~June~~September 30, 2015

[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Commission File Number: 333-202030

NEW FUEL SYSTEMS INC. (Exact name of registrant as specified in its charter)

~~(Exact~~British ~~name~~Columbia, Canada and State of ~~registrant~~Wyoming, USA as(State ~~specified~~or inother ~~its~~jurisdiction ~~charter~~of incorporation or organization)

~~British~~26-3937768 ~~Columbia,~~(I.R.S. ~~Canada and State~~Employer ofIdentification No.) ~~Wyoming, USA~~

~~(State~~5641 or– ~~other~~201 ~~jurisdiction~~Street, #210 Langley, BC, Canada (Address of ~~incorporation~~principal orexecutive ~~organization~~offices)

~~26-3937768~~V3A 8A4 (Postal Code)

(I604) 532.~~R.S.~~2090 ~~Employer~~(Registrant’s ~~Identification~~telephone ~~No.~~number, including area code)

~~5641~~Indicate –by ~~201~~check ~~Street~~mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), ~~#210~~and (2) has been subject to such filing requirements for the past 90 days. [X] Yes [ ] No

~~Langley,~~1 ~~BC, Canada~~

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 (~~Address~~§232.405 of ~~principal~~this ~~executive~~chapter) ~~offices~~during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). [X] Yes [ ] No

V3A 8A4

(Postal Code)

(604) 532.2090

(Registrant’s telephone number, including area code)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

X Yes No

Indicate by check mark whether the registrant has submitted electronically 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).

X Yes 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 the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer: [ ] Accelerated filer: [ ] Non-accelerated filer: [ ] (Do not check if a smaller reporting company) Smaller reporting company: [X]

~~Non-accelerated~~Indicate ~~filer:~~by ~~Smaller~~check ~~reporting~~mark whether the registrant is a shell company: (as defined in Rule 12b-2 of the Exchange Act). [ ] Yes [X] No

~~Indicate~~As byof ~~check~~September ~~mark~~30, ~~whether~~2015, the ~~registrant~~total isnumber ashares ~~shell~~of ~~company~~New ~~(as~~Fuel Systems ~~defined~~Inc. incommon ~~Rule~~stock ~~12b-2~~outstanding ofis ~~the Exchange Act)~~42,472,564.

~~Yes X No~~2

As of June 30, 2015 the total number shares of New Fuel Systems Inc. common stock outstanding is 38,726,839.

- 1 -

PART ONE – FINANCIAL INFORMATION

Item 1. Financial Statements.

~~New~~3 ~~Fuel Systems Inc.~~

NEW FUEL SYSTEMS INC.Condensed Interim Consolidated Statements of Financial ~~Statements~~Position Stated in Canadian dollars

(Expressed in Canadian Dollars)

			September 30,			December 31,
	Notes		2015			2014
			(Unaudited)			(Audited)

ASSETS
Current assets
Cash		$	511,497		$	476,288
Available-for-sale securities	4		32,092			271,009
Prepaid expenses			1,164			920
Total current assets			544,753			748,217

Deferred charge	6		-			4,000,000
Equipment	3		7,504			8,069
Total assets		$	552,257		$	4,756,286

LIABILITIES AND SHAREHOLDERS' EQUITY

LIABILITIES
Current liabilities
Trade and other payables	5	$	37,563		$	27,338
Due to related party	9		59,155			71,211
Total current liabilities			96,718			98,549

Shareholders' Equity
Share capital	6		1,899,300			5,705,075
Accumulated other comprehensive income (loss)			(26,290	)		212,627
Deficit			(1,417,471	)		(1,259,965	)
Total shareholders' equity			455,539			4,657,737

Total liabilities and shareholders' equity		$	552,257		$	4,756,286

~~Period~~Going ~~Ended~~concern ~~June~~(note ~~30, 2015 and 2014~~1)

~~(Unaudited)~~ APPROVED BY THE DIRECTORS

Stated in Canadian dollars	Notes		June 30, 2015			December 31, 2014
			(Unaudited)			(Audited)
ASSETS
Current assets
Cash			$	510,652		$	476,288
Available-for-sale securities		4		112,079			271,009
Prepaid expenses				241			920
Total current assets				622,972			748,217
Deferred charge		6		4,000,000			4,000,000
Equipment		3		7,462			8,069
Total assets			$	4,630,434		$	4,756,286
LIABILITIES AND SHAREHOLDERS’ EQUITY
LIABILITIES
Current liabilities
Trade and other payables		5	$	17,719		$	27,338
Due to related party		9		58,636			71,211
Total current liabilities				76,355			98,549
Shareholders’ Equity
Share capital		6		5,855,075			5,705,075
Accumulated other comprehensive income (loss)				53,697			212,627
Deficit				(1,354,693	)		(1,259,965	)
Total shareholders’ equity				4,554,079			4,657,737
Total liabilities and shareholders’ equity			$	4,630,434		$	4,756,286
Going concern (note 1)
The accompanying notes are an integral part of these condensed interim consolidated financial statements.


Director		Director

-The 2accompanying -notes are an integral part of these condensed consolidated interim financial statements

~~NEW~~4 ~~FUEL SYSTEMS INC.~~

NEW FUEL SYSTEMS INC. Condensed Interim Consolidated Statements of Operations and Comprehensive Loss Stated in Canadian dollars (Unaudited)

For the three months and six months ended June 30, 2015 and 2014

			Three months ended September 30,						Nine months ended September 30,
	Notes		2015			2014			2015			2014

Expenses
Amortization - equipment		$	686		$	493		$	1,932		$	1,478
Bank charge			65			58			340			177
Investor relations and filing fee			100			7,105			7,783			40,976
Professional fees			31,364			12,552			53,587			38,088
Office and miscellaneous			1,652			3,689			4,474			9,222
Management fees	9		24,000			24,000			72,000			72,000
Rent	9		3,300			3,300			9,900			9,900
Travel and automobile expenses			1,061			3,852			6,460			7,093
Stock based compensation			-			45,000			-			45,000
			62,228			100,049			156,476			223,934

Other items
Foreign exchange gain (loss)			(550	)		39			(1,030	)		47
Interest income			-			-			-			1
Net loss for the period			(62,778	)		(100,010	)		(157,506	)		(223,886	)
Unrealized gain (loss) on available-for-sale securities			(79,988	)		(3,243	)		(238,917	)		4,408
Comprehensive (loss) for the period		$	(142,766	)	$	(103,253	)	$	(396,423	)	$	(219,478	)

Basic and diluted loss per share			(0.00	)		(0.00	)		(0.00	)		(0.00	)

Weighted average number of common shares
Basic and diluted			47,720,320			47,325,637			47,717,386			47,163,185

~~(Unaudited)~~The accompanying notes are an integral part of these condensed consolidated interim financial statements

			Three months ended June 30,						Six months ended June 30,
Stated in Canadian dollars	Notes		2015			2014			2015			2014
Expenses
Amortization - equipment				628			617			1,246			860
Bank charge				91			82			275			120
Investor relations and filing fee				4,634			18,750			7,390			37,500
Professional fees				12,811			21,374			22,223			30,536
Office and miscellaneous				1,743			3,653			3,115			5,535
Management fees				24,000			24,000			48,000			48,000
Rent		9		3,300			3,300			6,600			6,600
Travel and automobile expenses				1,644			1,989			5,399			4,003
				48,851			73,765			94,248			133,154
Other item
Foreign exchange gain or (loss)				(14	)		(395	)		(480	)		51
Interest income				-			1			-			1
Net loss for the period				(48,865	)		(74,159	)		(94,728	)		(133,102	)
Unrealized gain (loss) on available-for-sale securities				(74,094	)		(451	)		(158,930	)		6,301
Comprehensive (loss) for the period				(122,959	)		(74,610	)		(253,658	)		(126,801	)
Basic and diluted loss per share				(0.00	)		(0.00	)		(0.00	)		(0.00	)
Weighted average number of common shares
Basic and diluted				47,758,989			47,125,867			47,715,895			47,081,600
The accompanying notes are an integral part of these consolidated financial statements

-NEW 3FUEL -SYSTEMS INC. Condensed Interim Consolidated Statements of Changes in Shareholders' Equity Stated in Canadian dollars (Unaudited)

NEW FUEL SYSTEMS INC.

										Accumulated
										Other						Total
	Number of			Share			Subscription			Cumulative						shareholders'
	shares			capital			receivables			Income (Loss)			Deficit			equity

Balance, January 1, 2014	46,981,509		$	5,463,035		$	(2,940	) $		(90,549	)	$	(935,861	)	$	4,433,685

Share capital received for cash	365,200			140,900			2,935			-			-			143,835
Stock based compensation	-			45,000			-									45,000
Net loss for the the period	-			-			-			-			(223,886	)		(223,886	)
Unrealized gain on available-for-sale securities	-			-			-			4,408			-			4,408
Balance, September 30, 2014	47,346,709			5,648,935			(5	)		(86,141	)		(1,159,747	)		4,403,042

Share capital received for cash	112,280			56,140			5			-			-			56,145
Available-for-sale security written off	-			-			-			46,246			-			46,246
Net loss for the period	-			-			-			-			(100,218	)		(100,218	)
Unrealized gain on available-for-sale securities	-			-			-			252,522			-			252,522
Balance, December 31, 2014	47,458,989		$	5,705,075		$	-		$	212,627		$	(1,259,965	)	$	4,657,737

Share capital received for cash	353,575			194,225			-			-			-			194,225
Reversal of the shares issued in 2013 as commission for equity financing	(5,340,000	)		(4,000,000	)		-			-			-			(4,000,000	)
Net loss for the period	-			-			-			-			(157,506	)		(157,506	)
Unrealized gain on available-for-sale securities	-			-			-			(238,917	)		-			(238,917	)
Balance, September 30, 2015	42,472,564		$	1,899,300		$	-		$	(26,290	)	$	(1,417,471	)	$	455,539

~~Condensed~~The ~~Interim~~accompanying ~~Consolidated~~notes ~~Statements~~are an integral part of ~~Cash~~these ~~Flows~~condensed consolidated interim financial statements

~~For~~6 ~~the six months ended June 30, 2015 and 2014~~

NEW FUEL SYSTEMS INC. Condensed Interim Consolidated Statements of Cash Flows Stated in Canadian dollars (Unaudited)

		Six months ended June 30,
		Nine months ended September 30,
Stated in Canadian dollars		2015				2014
		2015			2014
Cash flows used in operating activities
Loss for the year		$	(94,728	)		$	(133,102	)
Loss for the period	$	(157,506	)	$	(223,886	)
Adjustments for non-cash items:
Amortization – equipment			1,246				860
Amortization - equipment		1,932			1,478
Changes in non-cash working capital items:
Stock based compensation		-			45,000
Changes in prepaid expenses			679				35,245
Changes in non-cash working capital items:
Changes in trade and other payable			(9,619	)			(3,215	)
Changes in prepaid expenses		(244	)		41,069
Net cash used in operating activities			(102,422	)			(100,212	)
Changes in trade and other payable		10,225			(112	)
Cash flows used in investing activities
Net cash used in operating activities		(145,593	)		(136,451	)
Additions to equipment			(639	)			(7,500	)
Cash flows used in investing activities
Net cash used in financing activities			(639	)			(7,500	)
Additions to equipment		(1,367	)		(7,500	)
Cash flows from financing activities
Net cash used in investing activities		(1,367	)		(7,500	)
Due to related party			(12,575	)			(2,010	)
Cash flows from financing activities
Proceeds from shares issued			150,000				91,857
Due to related party		(12,056	)		(6,362	)
Net cash from (used in ) financing activities			137,425				89,847
Proceeds from shares issued		194,225			143,835
Increase (decrease) in cash			34,364				(17,865	)
Net cash from financing activities		182,169			137,473
Cash at beginning of period			476,288				457,689
Increase(decrease) in cash		35,209			(6,478	)
Cash at end of period		$	510,652			$	439,824
Cash at beginning of period		476,288			457,689
The accompanying notes are an integral part of these consolidated financial statements
Cash at end of period	$	511,497		$	451,211

-The 4accompanying -notes are an integral part of these condensed consolidated interim financial statements

~~New~~7 ~~Fuel Systems Inc.~~

New Fuel Systems Inc. Notes to the Condensed Interim Consolidated Financial Statements Period Ended September 30, 2015 (Expressed in Canadian dollars) (Unaudited)

~~Period~~1. ~~Ended~~Nature ~~June~~of ~~30,~~Operations ~~2015~~and Going Concern

~~(Expressed~~New inFuel ~~Canadian~~Systems ~~dollars~~Inc. (“the Company”) was incorporated under the “British Columbia Business Corporation Act” on March 2, 2005 under the name Lighting Ridge Resources Inc, and changed its name to New Fuel Systems Inc. on February 21, 2007. The Company’s registered office and principal place of business is Unit 210, 5641 201 Street, Langley, British Columbia, Canada, V3A 8A4. The Company’s principle business activity is focusing on the identification, acquisition, development, and commercialization of renewable, alternative energy technologies globally.

~~(Unaudited)~~These condensed interim consolidated financial statements were authorized for issue by the Audit Committee and Board of Directors on November 12, 2015.

1.These ~~Nature~~condensed ofinterim ~~Operations~~consolidated financial statements are prepared on a going concern basis, which presumes that the Company and ~~Going~~its wholly ~~Concern~~owned subsidiaries (collectively, the “Group”) will continue in operation for the foreseeable future and will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future.

~~New~~These ~~Fuel~~condensed ~~Systems~~interim ~~Inc.~~financial ~~(“the~~statements ~~Company”)~~should ~~was~~be ~~incorporated~~read ~~under~~in conjunction ~~the~~with ~~“British Columbia Business Corporation Act” on March 2, 2005 under~~ the ~~name~~annual ~~Lighting~~audited ~~Ridge~~consolidated ~~Resources~~financial ~~Inc.,~~statements ~~and changed its name to New Fuel Systems Inc. on February 21, 2007. The Company’s registered office and principal place~~ of ~~business is Unit 210, 5641 201 Street, Langley, British Columbia, Canada, V3A 8A4. The~~ the Company’s ~~principle~~for ~~business activity is focusing on~~ the ~~identification,~~fiscal ~~acquisition,~~year ~~development,~~ended ~~and~~December ~~commercialization of renewable~~31, ~~alternative energy technologies globally~~2014.

These condensed interim consolidated financial statements ~~were~~have been ~~authorized~~prepared using accounting principles applicable to a going concern which assumes the Company will continue in operation for ~~issue~~the foreseeable future and will be able to realize its assets and discharge its liabilities in the normal course of business rather than through a process of forced liquidation. The ability of the Company to carry out its business objectives is dependent upon the Company’s ability to receive continued financial support from related parties or by obtaining public equity financing and to develop its business plan resulting in the ~~Audit~~generation ~~Committee~~of profitable operations in the future or by identifying, evaluating and ~~Board~~negotiating an acquisition of, ~~Directors~~a participation in, or an investment of an interest in a technology or business that will generate profitable operations in the future. In order to continue as a going concern and meet its corporate objectives, the Company will require additional financing through debt or equity issuances or other available means. There is no assurance that the Company will be able to obtain adequate financing in the future or that such financing will be on ~~August~~terms 30advantageous to the Company. These financial statements do not reflect the adjustments to the carrying value of assets and liabilities, ~~2015~~or the impact on the statement of operations and comprehensive loss and financial position classifications that would be necessary were the going concern assumption not appropriate.

~~These~~There ~~condensed~~can ~~interim~~be ~~condensed~~no ~~consolidated~~assurance ~~financial~~that ~~statements~~a ~~are~~viable ~~prepared~~business onopportunity that acan ~~going~~be ~~concern~~adequately ~~basis,~~financed ~~which~~will ~~presumes~~be ~~that~~identified and available to the Company. Additional equity and/or ~~its~~debt ~~wholly~~financing ~~owned~~is ~~subsidiaries~~subject ~~(collectively,~~to the ~~“Group”)~~global ~~will~~financial markets ~~continue~~and inprevailing ~~operation~~economic ~~for~~condition. ~~the~~These ~~foreseeable~~matters ~~future~~ and ~~will~~conditions beindicate the ~~able~~existence toof ~~realize~~a ~~its~~material ~~assets~~uncertainty ~~and~~that ~~discharge~~may ~~its~~cast ~~liabilities~~significant indoubt about the ~~normal~~Company’s ~~course~~ability ofto ~~business~~continue ~~for~~as ~~the~~going ~~foreseeable future~~concern.

~~These~~8 ~~condensed interim financial statements should be read in conjunction with the annual audited consolidated financial statements of the Company for the fiscal year ended December 31, 2014.~~

~~These~~New ~~condensed~~Fuel ~~financial~~Systems statements have been prepared using accounting principles applicable to a going concern which assumes the Company will continue in operation for the foreseeable future and will be able to realize its assets and discharge its liabilities in the normal course of business rather than through a process of forced liquidationInc. ~~The~~Notes ~~ability of the Company~~ to ~~carry out its business objectives is dependent upon~~ the ~~Company’s~~Condensed ~~ability~~Interim toConsolidated ~~receive~~Financial ~~continued~~Statements ~~financial~~Period ~~support~~Ended ~~from~~September ~~related parties or by obtaining public equity financing and to develop its business plan resulting in the generation of profitable operations in the future or by identifying~~30, ~~evaluating~~2015 ~~and~~(Expressed ~~negotiating an acquisition of, a participation~~ in, orCanadian andollars) investment of an interest in a technology or business that will generate profitable operations in the future. In order to continue as a going concern and meet its corporate objectives, the Company will require additional financing through debt or equity issuances or other available means. There is no assurance that the Company will be able to obtain adequate financing in the future or that such financing will be on terms advantageous to the Company. These financial statements do not reflect the adjustments to the carrying value of assets and liabilities, or the impact on the statement of operations and comprehensive loss and financial position classifications that would be necessary were the going concern assumption not appropriate.(Unaudited)

~~There can be no assurance that a viable business opportunity that can be adequately financed will be identified and available to the Company~~1. ~~Additional~~Nature ~~equity~~of ~~and/or~~Operations ~~debt financing is subject to the global financial markets~~ and ~~prevailing~~Going ~~economic~~Concern ~~condition.~~- ~~These matters and conditions indicate the existence of a material uncertainty that may cast significant doubt about the Company’s ability to continue as going concern.~~Continued

These condensed interim consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries, Electric City Motor Corporation and Water Evolution Systems Inc. All inter-company transactions and account balances have been eliminated.

As at ~~June~~September 30, 2015, the Group has not generated any revenue and has incurred an accumulated deficit of $1,~~354~~417,~~693~~471.

-2. 5Significant -Accounting Policies

2.The ~~Significant~~condensed interim consolidated financial statements of the Company have been prepared in accordance with International Accounting ~~Policies~~Standards 34, Interim Financial Reporting (“IAS 34), using accounting policies consistent with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”) and interpretations of the International Financial Reporting Interpretations Committee (“IFRIC”). The accounting policies and methods of computation applied by the Company in these condensed interim consolidated financial statements are the same as those applies in the Company’s annual financial statements as at and for the year ended December 31, 2014. The condensed interim consolidated financial statements do not include all of the information required for full annual financial statements.

~~The~~Recent ~~condensed interim consolidated financial statements of the Company have been prepared in accordance with International~~ Accounting ~~Standards~~Pronouncements 34, Interim Financial Reporting (“IAS 34), using accounting policies consistent with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”) and interpretations of the International Financial Reporting Interpretations Committee (“IFRIC”). The accounting policies and methods of computation applied by the Company in these interim financial statements are the same as those applies in the Company’s annual financial statements as at and for the year ended December 31, 2014. The condensed interim consolidated financial statements do not include all of the information required for full annual financial statements.

~~Recent~~(i) ~~Accounting~~New ~~Pronouncements~~standards and interpretations adopted

IAS 16 Property, plant and equipment (i“IAS 16”) ~~New~~and ~~standards~~IAS ~~and~~38 Intangible ~~interpretations~~assets ~~adopted~~(“IAS 18”)

~~IAS~~On 16January ~~Property~~1, ~~plant~~2015, ~~and~~the ~~equipment~~Company ~~(“IAS~~adopted the amendments to IAS 16”) and IAS 38, ~~Intangible~~which ~~assets~~clarify ~~(“IAS~~how ~~18”)~~an entity calculates the gross carrying amount and accumulated depreciation when a revaluation is performed. Adoption of the standards did not have a material impact on the condensed interim consolidated financial statements of the Company.

OnIAS ~~January~~24 1,Related ~~2015,~~party ~~the~~disclosures ~~Company adopted the amendments to~~ (“IAS 1624”) and IAS 38, which clarify how an entity calculates the gross carrying amount and accumulated depreciation when a revaluation is performed. Adoption of the standards did not have a material impact on the consolidated financial statements of the Company.

On January 1, 2015, the Company adopted the amendments to IAS 24. IAS 24 ~~Related~~which clarify that a management entity, or any member of a group of which it is a part, that provides key management services to a reporting entity, or its parent, is a related party ~~disclosures~~of ~~(“IAS~~the ~~24”)~~reporting entity. The amendments also require an entity to disclose amounts incurred for key management personnel services provided by a separate management entity. This replaces the more detailed disclosure by category required for other key management personnel compensation. The amendments will only affect disclosure and did not have any impact on the condensed interim consolidated financial statements of the Company.

On9 January 1, 2015, the Company adopted the amendments to IAS 24. IAS 24 which clarify that a management entity, or any member of a group of which it is a part, that provides key management services to a reporting entity, or its parent, is a related party of the reporting entity. The amendments also require an entity to disclose amounts incurred for key management personnel services provided by a separate management entity. This replaces the more detailed disclosure by category required for other key management personnel compensation. The amendments will only affect disclosure and did not have any impact on the consolidated financial statements of the Company.

~~IFRS~~New 13Fuel ~~“Fair~~Systems ~~Value~~Inc. ~~Measurement”~~Notes to the Condensed Interim Consolidated Financial Statements Period Ended September 30, 2015 (Expressed in Canadian dollars) (Unaudited)

~~On January 1, 2015, the Company adopted IFRS 13~~2. ~~IFRS~~Significant 13Accounting isPolicies a– ~~comprehensive~~Continued standard for fair value measurement and disclosure for use across all IFRS standards. The new standard clarifies that fair value is the price that would be received to sell an asset, or paid to transfer a liability in an orderly transaction, between market participants, at the measurement date. Under existing IFRS, guidance on measuring and disclosing fair value is dispersed among the specific standards requiring fair value measurements and does not always reflect a clear measurement basis or consistent disclosures. The amendments to IFRS 13, issued in December 2013, clarify that the portfolio exception applies to all contracts within the scope of IFRS 9 Financial instruments or IAS 39 Financial instruments: Recognition and measurement, regardless of whether they meet the definitions of financial assets or financial liabilities in IAS 32 Financial instruments: Presentation. Adoption of the standards did not have a material impact on the consolidated financial statements of the Company.

-(i) 6New standards and interpretations adopted - Continued

~~(ii)~~IFRS ~~New~~13 ~~standards~~“Fair ~~and~~Value ~~interpretations~~Measurement” ~~not yet adopted~~

~~Standards~~On ~~issued~~January ~~but~~1, ~~not~~2015, ~~yet~~the ~~effective~~Company upadopted toIFRS ~~the~~13. ~~date~~IFRS of13 ~~issuance~~is ofa comprehensive ~~the~~standard ~~Group’s~~for ~~consolidated~~fair ~~financial~~value ~~statements~~measurement ~~are~~and ~~listed~~disclosure ~~below~~for use across all IFRS standards. ~~This~~The ~~listing~~new standard clarifies that fair value is ofthe ~~standards~~price ~~and~~that would ~~interpretations~~be ~~issued,~~received ~~which~~to ~~the~~sell ~~Group~~an ~~reasonably~~asset, ~~expects~~or paid to betransfer ~~applicable~~a liability in an orderly transaction, between market participants, at athe ~~future~~measurement date. ~~The~~Under existing ~~Group~~IFRS, ~~intends~~guidance toon ~~adopt~~measuring ~~those~~and disclosing fair value is dispersed among the specific standards ~~when~~requiring ~~they~~fair ~~become~~value ~~effective~~measurements and does not always reflect a clear measurement basis or consistent disclosures. The amendments ~~Group~~to ~~does~~IFRS ~~not~~13, ~~expect~~issued in December 2013, clarify that the ~~impact~~portfolio exception applies to all contracts within the scope of ~~such~~IFRS ~~changes~~9 Financial instruments or IAS 39 Financial instruments: Recognition and measurement, regardless of whether they meet the definitions of financial assets or financial liabilities in IAS 32 Financial instruments: Presentation. Adoption of the standards did not have a material impact on the ~~consolidated~~condensed interim consolidated financial statements toof bethe ~~material~~Company.

~~IFRS~~(ii) 9New ~~Financial~~standards ~~instruments~~and ~~(“IFRS~~interpretations ~~9”)~~not yet adopted

~~IFRS~~Standards ~~9 was~~ issued inbut ~~November~~not ~~2009~~yet ~~and~~effective ~~subsequently~~up ~~amended~~to asthe ~~part~~date of issuance anof ~~ongoing~~the ~~project~~Group’s toconsolidated ~~replace~~financial ~~IAS~~statements 39are ~~Financial~~listed ~~instruments:~~below. ~~Recognition~~This listing ~~and~~is ~~measurement.~~of ~~The~~standards ~~standard~~and ~~requires~~interpretations issued, which the ~~classification~~Group ofreasonably expects ~~financial~~to ~~assets~~be ~~into~~applicable ~~two~~at ~~measurement~~a ~~categories~~future ~~based~~date. onThe ~~the~~Group ~~entity’s~~intends ~~business~~to ~~model~~adopt ~~for~~those standards ~~managing~~when ~~its~~they ~~financial~~become ~~instruments~~effective. ~~and~~The ~~the~~Group ~~contractual~~does ~~cash~~not ~~flow~~expect ~~characteristics~~the impact of such changes on the ~~instrument.~~consolidated ~~The~~financial ~~two~~statements ~~categories~~to be material.

IFRS 9 Financial instruments (“IFRS 9”)- ~~Continued~~

IFRS 9 was issued in November 2009 and subsequently amended as part of an ongoing project to replace IAS 39 Financial instruments: Recognition and measurement. The standard requires the classification of financial assets into two measurement categories based on the entity’s business model for managing its financial instruments and the contractual cash flow characteristics of the instrument. The two categories are those measured at fair value and those measured at amortized cost. The classification and measurement of financial liabilities is primarily unchanged from IAS 39. However, for financial liabilities measured at fair value, changes in the fair value attributable to changes in an entity’s “own credit risk” is now recognized in other comprehensive income instead of in profit or loss. This new standard will also impact disclosures provided under IFRS 7 Financial instruments: disclosures.

In November 2013, the IASB amended IFRS 9 for the significant changes to hedge accounting. In addition, an entity can now apply the “own credit requirement” in isolation without the need to change any other accounting for financial instruments. IFRS 9 applies to financial statements for annual periods beginning on or after January 1, 2018, with early adoption permitted.

~~IFRS~~10 ~~15 Revenue from Contracts with Customers (“IFRS 15”)~~

~~IFRS~~New 15Fuel ~~deals~~Systems with revenue recognition and establishes principles for reporting useful information to users of financial statements about the nature, timing and uncertainty of revenue and cash flows arising from an entity’s contracts with customersInc. ~~Under~~Notes ~~IFRS 15, revenue is recognized when a customer obtains control of a good or service and thus has the ability~~ to ~~direct~~ the ~~use~~Condensed ~~and~~Interim ~~obtain~~Consolidated ~~the~~Financial ~~benefits~~Statements ~~from~~Period ~~the~~Ended ~~good~~September ~~or service. The standard replaces IAS 18~~30, ~~Revenue,~~2015 ~~and~~(Expressed ~~IAS~~in ~~11,~~Canadian ~~Construction~~dollars) Contracts, and related interpretations. The standard is effective for annual periods beginning on or after January 1, 2017, with early adoption permitted. The IASB has issued an exposure draft that would, if approved defer the effective date to January 1, 2018.(Unaudited)

-2. 7Significant -Accounting Policies – Continued

3.(ii) ~~Equipment~~New standards and interpretations not yet adopted

	Computer		Office		Machinery
	equipment		equipment		Equipment		Total
Cost
Balance, at December 31, 2013	$	2,507	$	673	$	-	$	3,180
Additions		-		-		7,500		7,500
Balance, at December 31, 2014		2,507		673		7,500		10,680
Additions		-		640		-		640
Balance, June 30, 2015	$	2,507	$	1,313	$	7,500	$	11,320
Depreciation
Balance, at December 31, 2013	$	471	$	45	$	-	$	516
Depreciation for the year		836		134		1,125		2,095
Balance, at December 31, 2014		1,307		179		1,125		2,611
Depreciation for the period		418		79		750		1,247
Balance, at June 30, 2015	$	1,725	$	258	$	1,875	$	3,858
Carrying amounts
At June 30, 2015	$	782	$	1,055	$	5,625	$	7,462
At December 31, 2014	$	1,200	$	494	$	6,375	$	8,069

IFRS 15 Revenue from Contracts with Customers (“IFRS 15”)

4IFRS 15 deals with revenue recognition and establishes principles for reporting useful information to users of financial statements about the nature, timing and uncertainty of revenue and cash flows arising from an entity’s contracts with customers. ~~Available-~~Under IFRS 15, revenue is recognized when a customer obtains control of a good or service and thus has the ability to direct the use and obtain the benefits from the good or service. The standard replaces IAS 18, Revenue, and IAS 11, Construction Contracts, and related interpretations. The standard is effective for~~-Sale~~ ~~Securities~~annual periods beginning on or after January 1, 2017, with early adoption permitted. The IASB has issued an exposure draft that would, if approved defer the effective date to January 1, 2018.

~~Available-for-sale~~3. ~~securities~~Equipment ~~consist of marketable securities and are summarized as follows:~~

		June 30, 2015							December 31, 2014
		Computer			Office			Machinery
Public traded securities		Cost				Fair Market Value			Cost		Fair Market Value
		equipment			equipment			Equipment		Total
First Choice		$	-			$	-		$	-	$	-
Cost
Superbox Inc. *			58,382				112,079			58,382		271,009
Balance, at December 31, 2013	$	2,507		$	673		$	-	$	3,180
		$	58,382			$	112,079		$	58,382	$	271,009
Additions		-			-			7,500		7,500
Balance, at December 31, 2014		2,507			673			7,500		10,680
Additions		-			1,367			-		1,367
Balance, September 30, 2015	$	2,507		$	2,040		$	7,500	$	12,047
Depreciation
Balance, at December 31, 2013	$	471		$	45		$	-	$	516
Depreciation for the year		836			134			1,125		2,095
Balance, at December 31, 2014		1,307			179			1,125		2,611
Depreciation for the period		627			180			1,125		1,932
Balance, at September 30, 2015	$	1,934		$	359		$	2,250	$	4,543
Carrying amounts
At September 30, 2015	$	574		$	1,680		$	5,250	$	7,504
At December 31, 2014	$	1,200		$	494		$	6,375	$	8,069

*traded11 ~~as US dollar.~~

~~The~~New ~~fair~~Fuel ~~market~~Systems ~~value~~Inc. ofNotes ~~publicly~~to ~~traded securities are measured using quoted prices in active market for~~ the ~~identical~~Condensed ~~assets;~~Interim ~~The~~Consolidated ~~total~~Financial ~~fair~~Statements ~~market~~Period ~~value~~Ended isSeptember ~~the~~30, ~~published~~2015 ~~market~~(Expressed ~~price~~in ~~per~~Canadian ~~share~~dollars) ~~multiplied by the number of shares held without consideration of transaction costs.~~(Unaudited)

4. Available-for-Sale 8Securities -

4. Available-for-~~Sale~~sale ~~Securities~~securities -consist ~~Continued~~of marketable securities and are summarized as follows:

The cost of First Choice of $46,246 was written off due to permanent impairment during the year ended December 31, 2014.

		September 30, 2015				December 31, 2014
Public traded securities		Cost		Fair Market Value		Cost		Fair Market Value

First Choice	$	-	$	-	$	-	$	-
Superbox Inc. *		58,382		32,092		58,382		271,009
	$	58,382	$	32,092	$	58,382	$	271,009

~~The~~*traded ~~unrealized loss of $158,930 was recorded~~ as ~~accumulated~~US ~~other comprehensive income or loss during the period ended June 30, 2015~~dollar.

5.The ~~Trade~~fair ~~and~~market ~~Other~~value ~~Payables~~of publicly traded securities are measured using quoted prices in active market for the identical assets; The total fair market value is the published market price per share multiplied by the number of shares held without consideration of transaction costs.

	June 30, 2015		December 31, 2014
Trade payables	$	12,219	$	8,278
Accrued expenses		5,500		19,060
	$	17,719	$	27,338

The cost of First Choice of $46,246 was written off due to permanent impairment during the year ended December 31, 2014.

6.The ~~Share~~unrealized ~~Capital~~loss of $238,917 ~~Share~~was ~~Purchase~~recorded ~~Options~~as ~~and~~accumulated other ~~Warrants~~comprehensive income or loss during the period ended September 30, 2015.

~~(a)~~5. ~~Share~~Trade ~~Capital~~and Other Payables

Common shares

		September 30,		December 31,
		2015		2014

Trade payables	$	23,563	$	8,278
Accrued expenses		14,000		19,060
	$	37,563	$	27,338

a.12 ~~Authorized:~~

~~Unlimited~~New ~~number~~Fuel ofSystems ~~common~~Inc. ~~shares~~Notes ~~with~~to nothe ~~par~~Condensed ~~value.~~Interim Consolidated Financial Statements Period Ended September 30, 2015 (Expressed in Canadian dollars) (Unaudited)

b6. ~~Issued~~Share Capital, Share Purchase Options and ~~outstanding:~~Warrants

~~As at June 30, 2015 the total issued and outstanding common share are 47,758,989~~ (~~December~~a) ~~31,~~Share ~~2014:~~Capital ~~47,458,989).~~

~~During~~Common the year 2013, the Company entered a Special Private Placement Agreement (the “Agreement”) with a third party. The third party will invest up to $100 million (“Commitment Amount”) to the Company once the Company is listed on an acceptable public market or exchange. As consideration, the third party required a commitment fee of 4% of the Commitment Amount. In settlement of this fee, the Company issued 5,340,000 common shares at the price of $0.75 per share as payment for the commitment fee of $4,000,000, and will deposit the shares in an escrow custodial account pursuant to the Agreement. As at June 30, 2015 and December 31, 2014, such commitment fee has been recorded as deferred charge.

During the year 2014, the Company issued 477,480 common shares at the prices ranging from $0.25 to $0.75 per share for aggregate proceeds of $197,040. The Company re-valued the 180,000 common shares issued to the founders at $0.25 per share to $0.50 per share and recognized a ~~stock based compensation of $45,000~~. Authorized:

~~During~~Unlimited ~~the~~number ~~period~~of ~~ended June 30, 2015, the Company issued 300,000~~ common shares atwith no ~~the~~par ~~price of $0~~value.50 ~~per share for aggregate proceeds of $150,000.~~

(b). ~~Share~~Issued ~~Purchase~~and ~~Options~~outstanding:

~~During~~As ~~the~~at ~~period~~September ~~ended June~~ 30, 2015, ~~there~~the ~~were~~total issued noand ~~share~~outstanding ~~purchase~~common ~~options~~shares ~~granted,~~are ~~exercised or cancelled. At June 30~~42,472,564 ~~2015 and~~ (December 31, 2014: 47, ~~there was no share purchase option outstanding~~458,989).

-During 9the -year 2013, the Company entered a Special Private Placement Agreement (the “Agreement”) with a third party. The third party will invest up to $100 million (“Commitment Amount”) to the Company once the Company is listed on an acceptable public market or exchange. As consideration, the third party required a commitment fee of 4% of the Commitment Amount. In settlement of this fee, the Company issued 5,340,000 common shares at the price of $0.75 per share as payment for the commitment fee of $4,000,000, and will deposit the shares in an escrow custodial account pursuant to the Agreement. The commitment fee was initially recorded as deferred charge. In August 2015, these shares were cancelled as the services could not be provided according to schedule and the related commitment fee of $4,000,000 previously recorded was also reversed.

6During the year 2014, the Company issued 477,480 common shares at the prices ranging from $0.25 ~~Share~~to ~~Capital~~$0.75 per share for aggregate proceeds of $197,040. ~~Share~~The ~~Purchase~~Company ~~Options~~re-valued the 180,000 common shares issued to the founders at $0.25 per share to $0.50 per share and recognized ~~Warrants~~a -stock ~~Continued~~based compensation of $45,000.

~~(c)~~During ~~Share~~the ~~Purchase~~period ~~Warrants~~ended September 30, 2015, the Company issued 353,575 common shares at the prices ranging from $0.50 to $1.00 per share for aggregate proceeds of $194,225.

~~During~~(b) ~~the~~Share ~~period~~Purchase ~~ended~~Options ~~June 30, 2015, there were no share purchase warrants granted, exercised or cancelled. At June 30, 2015 and December 31, 2014, there was no share purchase warrant outstanding.~~

7During the period ended September 30, 2015, there were no share purchase options granted, exercised or cancelled. ~~Financial~~At ~~instruments~~September 30, 2015 and December ~~risk~~31, ~~management~~2014, there was no share purchase option outstanding.

~~Fair~~13 ~~values~~

~~The~~New ~~Group’s~~Fuel ~~financial~~Systems ~~instruments~~Inc. ~~consist~~Notes ~~of cash, available-for-sale securities, trade and other payables and due~~ to ~~related~~the ~~party. Cash~~Condensed isInterim ~~classified~~Consolidated asFinancial ~~loans~~Statements ~~and~~Period ~~receivables~~Ended ~~and~~September recorded at cost. Available-for-sale securities is classified as available for sale and recorded at fair value. Trade and other payables and due to related party are classified as other financial liabilities30, ~~which~~2015 ~~are~~(Expressed ~~measured~~in atCanadian ~~amortized~~dollars) ~~cost.~~(Unaudited)

~~The~~6. ~~carrying~~Share ~~and fair value amounts of the Group’s financial instruments related to cash~~Capital, ~~available-for-sale~~Share ~~securities~~Purchase ~~and~~Options ~~trade~~ and ~~other~~Warrants ~~payables~~- Continued are the same due to their short terms to maturity. It is not practical to determine the fair value of the amounts due from related parties and due to related parties with sufficient reliability due to the nature of the financial instruments.

~~Fair~~(c) ~~value~~Share ~~hierarchy~~Purchase Warrants

~~Financial~~During ~~instruments~~the ~~recorded~~period atended ~~fair~~September ~~value~~30, on2015, ~~the~~there ~~statements~~were ofno ~~financial~~share purchase ~~position~~warrants ~~are~~granted, ~~classified~~exercised ~~using~~or acancelled. ~~fair~~At ~~value~~September ~~hierarchy~~30, ~~that~~2015 ~~reflects~~and December ~~the~~31, ~~significance~~2014, ofthere ~~the~~was ~~inputs~~no ~~used~~share inpurchase ~~making~~warrant ~~the measurements~~outstanding. ~~The fair value hierarchy has the following levels:~~

7. Financial instruments and risk management

·Fair ~~Level~~values ~~1: quoted prices (unadjusted) in active markets for identical assets or liabilities~~

·The ~~Level~~Group’s 2:financial ~~inputs~~instruments consist of cash, available-for-sale securities, trade and other ~~than~~payables ~~quoted~~and ~~prices~~due ~~included~~to ~~within~~related party. ~~Level~~Cash 1is ~~that~~classified ~~are~~as ~~observable~~loans and receivables and recorded at cost. Available-for-sale ~~the~~securities ~~asset~~is orclassified ~~liability,~~as ~~either~~available ~~directly~~for (isale and recorded at fair value.e. Trade and other payables and due to related party are classified as ~~prices)~~other orfinancial ~~indirectly~~liabilities, ~~(i.e.~~which ~~derived~~are ~~from~~measured ~~prices)~~at amortized cost.

·The ~~Level~~carrying 3:and ~~inputs~~fair ~~for~~value amounts of the ~~asset~~Group’s orfinancial instruments ~~liability~~related ~~that~~to cash, available-for-sale securities and trade and other payables are the same due to their short terms to maturity. It is not ~~based~~practical to ondetermine ~~observable~~the ~~market~~fair ~~data~~value ~~(unobservable~~of ~~inputs)~~the amounts due from related parties and due to related parties with sufficient reliability due to the nature of the financial instruments.

AsFair atvalue ~~June~~hierarchy ~~30, 2015 and December 31, 2014, cash and available-for-sale securities are assessed to be Level 1 instruments.~~

8Financial instruments recorded at fair value on the statements of financial position are classified using a fair value hierarchy that reflects the significance of the inputs used in making the measurements. ~~Risk~~The ~~management~~fair ~~framework~~value hierarchy has the following levels:

~~The~~• ~~Board~~Level of1: ~~Directors~~quoted ~~has~~prices ~~overall~~(unadjusted) ~~responsibility~~in active markets for ~~the~~identical ~~establishment~~assets ~~and~~or ~~oversight~~liabilities of• Level 2: inputs other than quoted prices included within Level 1 that are observable for the ~~Group’s~~asset ~~risk~~or ~~management~~liability, ~~framework~~either directly (i.e. as prices) or indirectly (i.e. derived from prices) • Level 3: inputs for the asset or liability that are not based on observable market data (unobservable inputs)

~~The~~As ~~Group's~~at ~~risk~~September ~~management~~30, ~~activities~~2015 ~~include~~and ~~the~~December ~~preservation~~31, of2014, ~~its capital by minimizing risk related to its~~ cash. ~~The~~and available-for-sale ~~Group~~securities ~~does not have a risk management committee or written risk management policies. The Group’s financial instruments~~ are ~~exposed~~assessed to ~~the~~be ~~risks~~Level ~~described~~1 ~~below:~~instruments.

-14 ~~10 -~~

8New Fuel Systems Inc. ~~Risk~~Notes ~~management~~to ~~framework~~the -Condensed ~~Continued~~Interim Consolidated Financial Statements Period Ended September 30, 2015 (Expressed in Canadian dollars) (Unaudited)

~~Credit~~8. ~~risk~~Risk management framework

~~Credit~~The ~~risk~~Board ~~is the risk~~ of anDirectors ~~unexpected loss if a party to a financial instrument fails to meet its contractual obligations. The Group's credit risk is primarily attributable to cash. The Group~~ has nooverall ~~significant~~responsibility ~~concentration~~for ~~of credit risk arising from operations. Management believes that~~ the establishment ~~maximum~~and ~~credit~~oversight ~~exposure at June 30, 2015 is cash in the bank~~ of ~~$510,652 (December 31, 2014: $476,288) and~~ the ~~credit~~Group’s risk ~~concentration~~management ~~with respect to cash is remote~~framework.

~~Liquidity~~The Group's risk management activities include the preservation of its capital by minimizing risk related to its cash. The Group does not have a risk management committee or written risk management policies. The Group’s financial instruments are exposed to the risks described below:

~~Liquidity~~Credit risk is the risk that the Group will not be able to meet its financial obligations as they come due. The Group has in place a planning and budgeting process to help determine the funds required to support the Group’s normal operating requirements on an ongoing basis. The Group tries to ensure that there is sufficient working capital to fund its ongoing operating expenditures. At June 30, 2015, the Group had a working capital of $546,617 (December 31, 2014: $649,668).

~~Market~~Credit risk is the risk of an unexpected loss if a party to a financial instrument fails to meet its contractual obligations. The Group's credit risk is primarily attributable to cash. The Group has no significant concentration of credit risk arising from operations. Management believes that the maximum credit exposure at September 30, 2015 is cash in the bank of $511,497 (December 31, 2014: $476,288) and the credit risk concentration with respect to cash is remote.

~~Market~~Liquidity risk ~~is the risk of loss that may arise from changes in market factors such as interest rates and foreign exchange rates.~~

~~(i)~~Liquidity ~~Interest~~risk ~~rate~~is the risk that the Group will not be able to meet its financial obligations as they come due. The Group has in place a planning and budgeting process to help determine the funds required to support the Group’s normal operating requirements on an ongoing basis. The Group tries to ensure that there is sufficient working capital to fund its ongoing operating expenditures. At September 30, 2015, the Group had a working capital of $452,035. (December 31, 2014: $649,668).

~~Interest~~Market ~~rate~~ risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market interest rates. The Group is not exposed to significant interest rate risk due to the short term nature of its money assets and liabilities.

~~(ii)~~Market ~~Foreign~~risk ~~currency~~is the risk of loss that may arise from changes in market factors such as interest rates and foreign exchange ~~rate~~rates. ~~risk~~

~~Foreign~~(i) ~~currency~~Interest ~~exchange~~ rate risk ~~is the risk that the fair value of financial instruments or future cash flows will fluctuate as a result of changes in foreign exchange rates.~~

~~The~~Interest ~~Group's~~rate ~~functional~~risk ~~currency~~ is the ~~Canadian~~risk ~~dollar~~that ~~and~~the ~~major~~fair ~~transactions~~value ~~are~~or ~~transacted~~future cash inflows ~~Canadian~~of ~~dollars.~~a ~~Management~~financial ~~believes~~instrument ~~the~~will ~~foreign~~fluctuate ~~exchange~~because ~~risk~~of ~~derived~~changes ~~from~~in ~~currency~~market interest ~~conversions~~rates. The Group is ~~minimal~~not ~~and~~exposed ~~therefore~~to ~~does~~significant ~~not~~interest ~~hedge~~rate risk due to the short term nature of its ~~foreign~~money ~~exchange~~assets ~~risk~~and liabilities.

~~Capital~~(ii) ~~management~~Foreign currency exchange rate risk

~~The~~Foreign ~~Group’s~~currency ~~objective~~exchange ~~when~~rate ~~managing~~risk ~~capital~~ is tothe ~~safeguard~~risk that the ~~entity’s~~fair value ~~ability~~of tofinancial ~~continue~~instruments or future cash flows will fluctuate as a ~~going~~result of ~~concern~~changes in foreign exchange rates.

-15 ~~11 -~~

~~Capital~~New ~~management~~Fuel -Systems ~~Continued~~Inc. Notes to the Condensed Interim Consolidated Financial Statements Period Ended September 30, 2015 (Expressed in Canadian dollars) (Unaudited)

In8. ~~the~~Risk management offramework ~~capital,~~- ~~the~~Continued ~~Group monitors its adjusted capital which comprises all components of equity (i.e. share capital, accumulated other comprehensive income (loss) and deficit).~~

~~The~~Market ~~Group~~risk ~~manages its capital structure and makes adjustments to it, based on the funds available to the Group, in order to meet its daily operating expenses. The Group may sell some of its available~~-~~for-sale~~ ~~investments~~Continued for additional cash required. The Board of Directors does not establish quantitative return on capital criteria for management, but rather relies on the expertise of the Group's management to sustain future development of the business.

~~There~~(ii) ~~were~~Foreign nocurrency ~~changes~~exchange inrate ~~the~~risk ~~Group's~~- ~~approach~~Continued ~~to capital management during the period ended June 30, 2015 and year ended December 31, 2014. The Group is not subject to externally imposed capital requirements.~~

9The Group's functional currency is the Canadian dollar and major transactions are transacted in Canadian dollars. ~~Related~~Management ~~Parties~~believes ~~Transactions~~the foreign exchange risk derived from currency conversions is minimal and therefore does not hedge its foreign exchange risk.

~~The~~Capital ~~aggregate value of transactions and outstanding balances relating to key~~ management ~~personnel and entities over which they have control or significant influence were as follows:~~

		Transaction value				Transaction value				Balance outstanding
		Three months ended June 30,				Six months ended June 30,				June 30,		December 31,
		2015		2014		2015		2014		2015		2014
Officer	Transaction
Karen Hartlin	Management fee & rent	$	27,300	$	27,300	$	54,600	$	54,600	$	58,636	$	71,211
		$	27,300	$	27,300	$	54,600	$	54,600	$	58,636	$	71,211

The Group’s objective when managing capital is to safeguard the entity’s ability to continue as a going concern.

~~During~~In the ~~periods~~management ~~ended~~of ~~June 30~~capital, ~~2015~~the ~~and~~Group ~~2014,~~monitors ~~Hartlin~~its ~~Management~~adjusted capital ~~Services,~~which acomprises ~~private~~all ~~company~~components ~~controlled by former CFO and Company Secretary~~ of ~~the~~equity ~~Group,~~(i.e. ~~Karen~~share ~~Hartlin~~capital, accumulated ~~charged management~~other ~~fee~~comprehensive ofincome ~~$8,000~~(loss) ~~per month~~ and ~~$1,100 per month for rent to the Group~~deficit).

-The 12Group manages its capital structure and makes adjustments to it, based on the funds available to the Group, in order to meet its daily operating expenses. The Group may sell some of its available-for-sale investments for additional cash required. The Board of Directors does not establish quantitative return on capital criteria for management, but rather relies on the expertise of the Group's management to sustain future development of the business.

9There were no changes in the Group's approach to capital management during the period ended September 30, 2015 and year ended December 31, 2014. ~~Related~~The ~~Parties~~Group ~~Transactions~~is -not ~~Continued~~subject to externally imposed capital requirements.

~~The amounts due to related parties do not bear interest, are unsecured, and have no fixed payment term~~9. ~~Accordingly,~~Related ~~the~~Parties ~~fair~~Transactions ~~value cannot be readily determined.~~

-The 13aggregate -value of transactions and outstanding balances relating to key management personnel and entities over which they have control or significant influence were as follows:

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

			Transaction value				Transaction value				Balance outstanding
			3 months ended Setpember 30,				9 months ended September 30,				September 30,		December 31,
Officer	Transaction		2015		2014		2015		2014		2015		2014

Karen Hartlin	Management fee & rent	$	27,300	$	27,300	$	81,900	$	81,900	$	59,155	$	71,211
		$	27,300	$	27,300	$	81,900	$	81,900	$	59,155	$	71,211

~~The~~During ~~following~~the ~~discussion~~periods ~~and~~ended ~~analysis~~September ~~should~~30, be2015 ~~read~~and in2014, ~~conjunction~~Hartlin Management ~~with~~Services, ~~our~~a ~~condensed~~private ~~consolidated~~company ~~financial~~controlled ~~statements~~by former CFO and Company Secretary of the ~~related~~Group, ~~notes~~Karen ~~that~~Hartlin, ~~appear~~charged ~~elsewhere~~management infee ~~this~~of ~~Form~~$8,000 ~~10-Q~~per month and $1,100 per month for rent to the Group.

~~Overview~~16

~~The Company was incorporated in the Province of British Columbia on March 2, 2005, under the name Lightning Ridge Resources Inc. On February 21, 2007, we changed our name to~~ New Fuel Systems Inc. Notes to ~~better~~the ~~reflect~~Condensed ~~our~~Interim ~~emerging~~Consolidated ~~business~~Financial ~~plan~~Statements ofPeriod ~~constructing~~Ended ~~plants~~September ~~for~~30, ~~the~~2015 ~~conversion~~(Expressed ofin ~~waste~~Canadian ~~plastic~~dollars) ~~to oil based fuels.~~(Unaudited)

~~To date, the Company has not generated significant revenue~~9. ~~Its~~Related ~~operating~~Parties ~~capital~~Transactions ~~has~~- ~~come~~Continued from sales of its common stock which has been sufficient to keep the Company funded for its low profile operations. However, the Company is now poised to launch its business plan in a more aggressive manner which will require that additional working capital be raised in order to build out its first plant for the conversion of waste plastic into fuel.

~~Plan~~The ofamounts ~~Operation~~due to related parties do not bear interest, are unsecured, and have no fixed payment term; accordingly the fair value cannot be readily determined.

~~Our goal is to be an industry leader in Canada and the U~~10.S. inCommitment the emerging industry of converting waste plastics heretofore destined for the landfill into clean burning fuel. To achieve our goal, we plan to construct a flagship plant in the Vancouver, British Columbia area that will accomplish the conversion process and allow us to market the resultant fuel. If successful, we will then build similar plants in other areas of Canada and the U.S. that appear conducive to having available waste plastics and a market for the resultant fuel. We plan to expand our operations by building new plants as quickly as business revenues and capital availability allows and as new markets suggest commercial viability for our conversion plants. We have spent significant time researching the conversion of waste plastics into fuel, researching the building and operating of a plastics to oil plant, experimentation with our proto-type machine in actually converting plastic into oil, and the development of our business plan and the development of our business strategy. The construction of our initial plant in Vancouver will be the beginning of our post research and post planning business operations.

~~Note~~On July 1, to2015, the ~~audited~~Company ~~financial~~signed ~~statements which are~~ a ~~part~~joint ofventure ~~this~~agreement with ~~prospectus~~representatives ~~state~~for inthe ~~part:~~Government ~~“The ability~~ of ~~the~~Turkey ~~Company~~ to ~~carry~~implement ~~out~~the ~~its~~set-up ~~business~~of plant ~~objectives~~production isfacilities ~~dependent~~using ~~upon~~ the Company’s ~~ability~~technology toon ~~receive~~conversion ~~continued~~of plastic ~~financial~~to ~~support~~oil ~~from~~and ~~related~~plastic ~~parties or~~ by-products ~~obtaining~~throughout ~~public~~the ~~equity~~Republic ~~financing~~of ~~and~~Turkey. toWith funding ~~develop~~provided ~~its~~by ~~business~~the ~~plan~~joint ~~resulting~~venture inpartner the ~~generation~~Company ofwill ~~profitable~~be ~~operations~~responsible for in the ~~future~~procurement ~~or by identifying, evaluating and negotiating an acquisition~~ of, aequipment ~~participation~~on ~~in,~~behalf ~~or an investment~~ of anthe ~~interest~~joint inventure acompany ~~technology or business~~ that will ~~generate~~conduct ~~profitable~~business ~~operations~~under in the ~~future.”~~name ~~Since~~of ~~the~~MWM ~~Company~~Enerji ~~has~~and ~~yet~~provide toongoing ~~generate~~technical and ~~other~~consultancy ~~than~~support. ~~nominal~~The ~~revenues~~agreement oris tofor ~~engage~~an ininitial ~~business~~period ~~operations~~of ~~that~~75 ~~could~~years ~~generate~~and will ~~business~~be ~~revenue~~automatically renewed in ~~the~~two-year ~~near~~increments ~~term,~~unless itterminated isby ~~necessary~~either party ~~for~~after the ~~Company~~initial toperiod ~~continue~~with to30 ~~raise~~days ~~money~~written ~~through the sale of equity capital to sustain its business existence~~notice. InThe ~~addition, if the~~ Company is entitled ~~not~~to ~~successful~~20% inshare ~~furthering~~of ~~its~~the ~~business~~net ~~development~~profit toof ~~where~~MWM itEnerji. ~~can~~MWM ~~generate~~Enerji ~~revenue~~was incorporated ~~from~~on ~~business~~September ~~operations~~27, in2015 ~~the~~and ~~long~~has ~~run it will~~ not ~~succeed~~generated asany ~~a business~~revenue.

AtAs ~~the~~a ~~present~~follow ~~time~~up weon ~~have~~the ~~approximately~~above ~~$510~~joint venture agreement,~~000~~ inthe Company ~~cash~~signed a Supply Agreement on ~~hand.~~October ~~Our~~24, ~~monthly~~2015 ~~fixed~~with ~~costs~~MWM ofEnerji ~~operating~~whereas the ~~our~~Company ~~business~~will ~~including~~provide ~~management~~MWM ~~expenses,~~Enerji ~~rent,~~with ~~utilities,~~the ~~office~~waste ~~supplies~~plastic pyrolysis oil production and ~~other~~oil ~~miscellaneous~~distillery ~~payments~~equipment ~~total~~required ~~around~~for ~~$10,000~~their ~~per~~flagship ~~month~~plant in Istanbul, Turkey. WeTotal ~~estimate~~value ~~that~~of the ~~additional~~contract ~~costs~~is ofUS$9,728,350 ~~operating~~with ~~our~~an ~~business~~initial down ~~due~~payment toof ~~the~~US$4,970,500 ~~fact~~expected weto ~~are~~be ~~going~~paid ~~public~~to ~~and~~the ~~will~~Company ~~have~~on ~~transfer~~or ~~agent~~before November ~~costs~~3, ~~and~~2015 ~~also~~whereby the ~~costs~~Company ofwill ~~being~~arrange ainitialization ~~reporting~~on ~~company~~the manufacturing ~~pursuant~~of to the ~~United~~equipment ~~States~~required. ~~Securities~~The ~~Exchange~~balance ~~Act~~and final payment of US$4,757,850 ~~1934~~is ~~and~~expected ~~the~~to ~~attendant~~be ~~accounting~~received ~~and~~by ~~legal~~the ~~costs~~Company ~~will~~in beJuly ~~approximately~~2016 ~~$4,000~~following the ~~per~~delivery ~~month.~~and ~~Pursuant~~installation toof ~~these~~the ~~estimates,~~equipment weat ~~have~~the ~~cash~~plant onin ~~hand~~Istanbul, Turkey. Up to ~~operate~~the ~~New~~date ~~Fuel~~of ~~Systems~~the asfiling aof ~~public~~this ~~company~~quarterly ~~for~~report, ~~approximately~~the 3Company ~~years.~~is ~~The~~still working ~~expense~~on ofsome ~~pursuing~~administrative ~~our~~details ~~business~~with ~~plan~~regards ~~will~~to bethe ~~met~~Canadian byaccount ~~drawing~~that is ~~against~~being aarranged ~~credit~~specifically ~~facility~~for ~~which~~the ~~will~~monies ~~then~~being betransferred ~~repaid~~in from ~~business revenues~~ Turkey.

-17 ~~14 -~~

~~Our~~Item plan of operations for the next 15 months is to first complete the process of going public including becoming a fully reporting company with the United States Securities and Exchange Commission and obtaining a trading symbol for our common stock on the OTC Markets System2. ~~Upon~~Management’s ~~completion~~Discussion of those items, we will attempt to raise working capital through our initial public offering for the purpose of constructing our first plant for converting plastics into oil. At this point our first order of business will be to order machinery that needs to be built for the operation of our plant that has a start to finish delivery date of six months. At the same time we will begin the process of obtaining a suitable site for the plant. We plan on obtaining an existing building that has enough warehouse type space for the production equipment, office space, and ~~outside~~Analysis ~~space for storage tanks and parking. We have several potential sites in mind and believe we can secure a site in approximately 30 days. Once a site is obtained we will begin the process~~ of ~~obtaining~~Financial ~~the~~Condition ~~necessary licenses to operate our business on the site. This is expected to take 30 to 45 days to complete. We will then complete the purchasing~~ and ~~installation~~Results of ~~equipment and commence operations~~Operations. From start to finish, the activities described in this paragraph are expected to take 15 months. By the end of the 15 months, we will have spent $210,000 of our current cash position of $510,000 and will have needed to raise and then spend $9,445,000.

WeThe ~~will~~following ~~need~~discussion toand ~~raise~~analysis ~~working~~should ~~capital~~be read in conjunction ~~our~~with ~~initial public offering of~~ our ~~common~~condensed ~~stock~~consolidated ~~sufficient~~financial tostatements ~~construct our initial plant~~ and ~~subsequent~~the ~~plants~~related notes ~~until~~that weappear ~~can~~elsewhere ~~sustain~~in ~~business~~this ~~growth~~Form ~~and operations through business revenues~~10-Q.

WeOverview also plan to move forward as we can in developing long range electric-based power generation for automobiles with battery extenders through our subsidiary Electric City Motors Corp. and to develop technology for water treatment and purification through our subsidiary Water Evolution Systems Inc. Even though these subsidiaries have been formed, they have been inactive since incorporation and have yet to commence meaningful business operations of any kind. We do not plan on using any of our current cash to develop the businesses of these subsidiaries but will seek outside investment or borrowings when we are ready to proceed.

~~Results~~The Company was incorporated in the Province of ~~Operations~~British Columbia on March 2, 2005, under the name Lightning Ridge Resources Inc. On February 21, 2007, we changed our name to New Fuel Systems Inc. to better reflect our emerging business plan of constructing plants for the conversion of waste plastic to oil based fuels.

~~Material~~To ~~changes~~date, inthe ~~results~~Company has not generated significant revenue. Its operating capital has come from sales of ~~operations~~its ~~for~~common stock which has been sufficient to keep the ~~three~~Company ~~month~~funded ~~period~~for ~~ended~~its ~~June~~low 30profile operations. However, the ~~2015~~Company ~~compared~~is now poised to ~~the~~launch ~~three~~its ~~month~~business ~~period~~plan ~~ended~~in ~~June~~a ~~30,~~more ~~2014~~aggressive manner which will require that additional working capital be raised in order to build out its first plant for the conversion of waste plastic into fuel.

~~The~~Plan ~~net loss for the three month period ended June 30, 2015, decreased 34% over the same period ended June 30, 2014. This was mainly a result~~ of aOperation decrease of $14,116 in Investor Relations and filing Fee Expense and a decrease of $8,563 in professional fees. The revenue for both periods was $0.00 since the Company is still in the business development pre-revenue stage.

~~Material~~Our ~~changes~~goal is to be an industry leader in ~~results~~Canada, the U.S. and around the world in the emerging industry of ~~operations~~converting waste plastics heretofore destined for the ~~six~~landfill ~~month~~into ~~period~~clean ~~ended~~burning ~~June~~fuel. 30To achieve our goal, ~~2015~~we ~~compared~~plan to construct a flagship plant in the ~~six~~Vancouver, ~~month~~British ~~period~~Columbia area ~~ended~~that ~~June~~will 30accomplish the conversion process and allow us to market the resultant fuel. If successful, ~~2014~~we will then build similar plants in other areas of Canada and the U.S. that appear conducive to having available waste plastics and a market for the resultant fuel. We plan to expand our operations by building new plants as quickly as business revenues and capital availability allows and as new markets suggest commercial viability for our conversion plants. We have spent significant time researching the conversion of waste plastics into fuel, researching the building and operating of a plastics to oil plant, experimentation with our prototype machine in actually converting plastic into oil, and the development of our business plan and the development of our business strategy. The construction of our initial plant in Vancouver will be the beginning of our post research and post planning business operations.

The ~~net~~ability ~~loss~~of ~~for~~the Company to carry out its business objectives is dependent upon the ~~six~~Company’s ~~month~~ability ~~period~~to ~~ended~~receive ~~June~~continued ~~30,~~financial ~~2015,~~support from ~~decreased~~related ~~29%~~parties ~~over~~or ~~the~~by ~~same~~obtaining ~~period~~public ~~ended~~equity ~~June~~financing ~~30,~~and ~~2014. This~~to ~~was~~develop ~~mainly~~its business aplan ~~result~~resulting ofin athe ~~decrease~~generation of ~~$30,110~~profitable operations in ~~Investor~~the ~~Relations~~future or by identifying, evaluating and ~~filing~~negotiating ~~Fee~~an ~~Expense~~acquisition ~~and~~of, a ~~decrease~~participation in, or an investment of ~~$8,313~~an interest in ~~professional~~a ~~fees~~technology or business that will generate profitable operations in the future. ~~The~~ Since the Company has yet to generate other than nominal revenues or to engage in business operations that could generate business revenue in the near term, it is necessary for ~~both~~the Company ~~periods~~to ~~was~~continue $0to raise money through the sale of equity capital to sustain its business existence.00 ~~since~~In addition, if the Company is ~~still~~not successful in furthering ~~the~~its business development ~~pre-~~to where it can generate revenue ~~stage~~from business operations, in the long run it will not succeed as a business.

-18 ~~15 -~~

~~Liquidity~~As of September 30, 2015, we had approximately $511,497 in cash on hand. Our monthly fixed costs of operating our business including management expenses, rent, utilities, office supplies and ~~Capital~~other ~~Resources~~miscellaneous ~~relative~~payments total around $10,000 per month. We estimate that the additional costs of operating our business due to ~~June~~the 30fact we are now a reporting company that has filing requirements, ~~2015~~transfer agent fees and attendant accounting and legal costs will be approximately $5,000 per month. Pursuant to these estimates, we have cash on hand to operate New Fuel Systems as a public company for approximately 3 years. The expense of pursuing our business plan will be met by the capital we have raised and/or the capital we hope will be available to us from our principals. We need to raise working capital in our initial public offering of our common stock sufficient to construct our initial plant and subsequent plants until we can sustain business growth and operations through business revenues.

WeThe ~~had~~Company’s has been successful in getting their F-1 Registration Statement filed and approved by the Securities and Exchange Commission. The Company is now a ~~cash~~fully ~~balance~~reporting company with the United States Securities and Exchange Commission as of ~~509~~August 19,~~641~~ 2015.64 onWe ~~June~~are ~~30,~~in ~~2015~~the ~~which~~process of arranging Market Sponsorship and our application to FINRA for our trading symbol. It is ~~down~~our ~~from~~intention to offer our common stock for sale on an OTC Market platform in the very near future. We attempt to raise working capital through our initial public offering for the purpose of constructing our first plant for converting plastics into oil. At this point our first order of business will be to order machinery that needs to be built for the operation of our plant that has a ~~cash~~start ~~balance~~to finish delivery date of ~~$549,708~~six months.04 At the same time we will begin the process of obtaining a suitable site for the plant. We plan on obtaining ~~March~~an 31existing building that has enough warehouse type space for the production equipment, ~~2015.~~office ~~Historically~~space, ~~our~~and ~~principal~~outside ~~source~~space for storage tanks and parking. Once a site is obtained we will begin the process of ~~funds~~obtaining ~~has~~the necessary ~~been~~licenses ~~cash~~to ~~generated~~operate ~~from~~our ~~financing~~business ~~activities~~on the site. ~~During~~This is expected to take 30 to 45 days to complete. We will then complete the ~~second~~purchasing ~~quarter~~and installation of ~~April~~equipment 1and commence operations. From start to finish, ~~2015~~the activities described in this paragraph are expected to ~~June~~take 3015 months. By the end of the 15 months, ~~2015~~we nowill ~~funds~~have spent $210,000 of our current cash position of $510,000 and will have ~~been~~needed ~~raised~~to raise and then spend $9,445,000.

~~Cash~~On ~~flow~~the ~~from~~other ~~operations.~~hand, Wethe ~~have~~Company ~~not~~signed asa ~~yet~~joint ~~generated~~venture ~~cash~~agreement on ~~flow~~July ~~from~~1, ~~business~~2015 ~~operations.~~with Werepresentatives ~~anticipate~~for ~~that~~the ~~cash~~Government ~~flows~~of ~~necessary~~Turkey to ~~fund~~implement the ~~our~~set-up ~~business~~of ~~operations~~plant ~~will~~production ~~continue~~facilities using the Company’s technology on conversion of plastic to ~~come~~oil ~~from~~and ~~financing~~by ~~activities~~products throughout the Republic of Turkey. With funding provided by the joint venture partner the Company will be responsible for the ~~next~~procurement ~~twelve~~of equipment on behalf of the joint venture company that will conduct business under the name of MWM Enerji and provide ongoing technical and consultancy support. The agreement is for an initial period of 75 years and will be automatically renewed in two-~~month~~year increments unless terminated by either party after the initial period with 30 days written notice. The Company is entitled to 20% share of the net profit of MWM Enerji.

~~Variables~~As a follow up on the above joint venture agreement, the Company signed an supply agreement on October 24, 2015 with MWM Enerji whereas the Company will provide MWM Enerji the with waste plastic pyrolysis oil production and ~~Trends~~oil distillery equipment required for their flagship plant. The total value of contract is US$9,728,350. An initial deposit of US$4,970,500 is expected to be received by the Company by early November 2015 to begin the manufacturing of equipment and the balance payment of US$4,757,850 will be received in July 2016 for final payment of the equipment. The equipment is expected to be delivered and installed at the plant situated in Istanbul, Turkey in March 2017. Up to the date of the filing of this quarterly report, the Company is still working on some administrative details with regards to the Canadian account that is being arranged specifically for the monies being transferred in from Turkey.

We19 have no operating history with respect to our current business plan. In the event we are able to obtain the necessary financing to move forward with our business plan, we expect our expenses to increase significantly as we grow our business. Accordingly, the comparison of the financial data for the periods presented may not be a meaningful indicator of our future performance and must be considered in light these circumstances.

~~Off~~We ~~Balance~~are ~~Sheet~~moving ~~Arrangements~~forward with our plan of developing long range electric-based power generation for automobiles with battery extenders through our subsidiary Electric City Motors Corp. We have incorporated the US division of Electric City Motors which will be operating under the name of ECM Automotive Group Corp. USA. The Company is still pursuing research and development on technology for water treatment and purification through our subsidiary Water Evolution Systems Inc. Even though these subsidiaries have been formed, they have been inactive since incorporation and have yet to commence meaningful business operations of any kind.

WeMaterial ~~have no off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition,~~ changes in ~~financial~~results ~~condition,~~of ~~revenues~~Operations orfor ~~expenses,~~the ~~results~~quarter ended ofSeptember ~~operations~~30, ~~liquidity,~~2015 ~~capital~~compared ~~expenditures~~to orthe ~~capital~~quarter ~~resources~~ended September ~~that~~30, ~~are material to investors~~2014.

~~Item~~Three 3.months ~~Quantitative~~ended ~~and~~September ~~Qualitative~~30, ~~Disclosures~~2015 ~~About Market Risk.~~

~~Not~~During ~~applicable~~the three-month period ended September 30, 2015, the Company had a net loss of $62,778 (2014: $100,010) resulting in a loss per share of $0.00 (2014: $0.00). The costs incurred were for daily operating activities and to get the Company to go public and maintain the listing status after going public from August 19, 2015. The decrease in the net loss for the current period was mainly due to no stock-based compensation expense was incurred in the current period as there was stock-based compensation of $45,000 incurred in the same period of previous year.

~~Item~~The 4.operating ~~Controls~~expenses of $62,228 decreased in the current quarter as compared to $100,049 of the same period of last year were mainly due to the decrease in investor relations and ~~Procedures~~filing fees and no stock-based compensation expense was incurred during the current quarter.

~~Evaluation~~Professional fees of ~~Disclosure~~$31,364 ~~Controls~~was ~~and~~incurred ~~Procedures~~in the current quarter as compared to $12,552 of the same period of last year. The increase was mainly due to the increase in legal fees incurred for various going public issues.

~~Our~~Nine ~~management,~~months ~~with~~ended ~~the~~September participation of our chief executive officer and chief financial officer, evaluated the effectiveness of our disclosure controls and procedures as of March 31, 2015. The term “disclosure controls and procedures,” as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act, means controls and other procedures of a company that are designed to ensure that information required to be disclosed by a company in the reports that it files or submits under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the SEC’s rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by a company in the reports that it files or submits under the Exchange Act is accumulated and communicated to the company’s management, including its principal executive and principal financial officers, as appropriate to allow timely decisions regarding required disclosure. Based on the evaluation of our disclosure controls and procedures as of June 30, 2015, ~~our chief executive officer and chief financial officer concluded that, as of such date, our disclosure controls and procedures were effective at the reasonable assurance level.~~

~~Management~~During ~~recognizes~~the ~~that~~nine ~~any~~months ~~controls~~ended ~~and~~September ~~procedures~~30, no2015, ~~matter~~the ~~how~~Company had ~~well~~a ~~designed~~net ~~and~~loss ~~operated~~of $157,506 ~~can~~(2014: ~~provide~~$223,886) ~~only~~resulting ~~reasonable~~in ~~assurance~~a loss per share of $0.00 ~~achieving~~(2014: ~~their~~$0.00). ~~objectives~~The costs incurred were for daily operating activities and to ~~management~~get ~~necessarily~~the ~~applies~~Company ~~its~~to ~~judgment~~go public and maintain the listing status after going public from August 19, 2015. The decrease in ~~evaluating~~the net loss for the ~~cost~~current period was mainly due to no stock-~~benefit~~based ~~relationship~~compensation expense was incurred in the current period as there was stock-based compensation of ~~possible~~$45,000 ~~controls~~incurred ~~and~~in ~~procedures~~the same period of previous year.

-20 ~~16 -~~

~~PART~~The IIoperating –expenses ~~OTHER~~of ~~INFORMATION~~$156,476 decreased in the current period as compared to $223,934 of the same period of last year were mainly due to the decrease in investor relations and filing fees and no stock-based compensation expense was incurred during the current period.

~~Item~~Professional 1.fees ~~Legal~~of ~~Proceedings~~$53,587 increased in the current period as compared to $38,088 of the same period of last year were mainly due to the increase in legal fees incurred for various ‘going public’ issues.

~~None.~~Liquidity and Capital Resources relative to September 30, 2015

~~Item~~Working ~~1A.~~capital ~~Risk~~decreased ~~Factors~~by $201,634 to $448,035 at September 30, 2015 as compared to $649,668 at the end of December 31, 2014.

~~The~~We ~~success~~had ofa ~~the~~cash ~~Company~~balance ~~depends~~of ~~heavily~~$511,497 on ~~Jack~~September ~~Stuart~~30, ~~Karen~~2015 ~~Hartlin~~which is ~~and~~rise from a cash balance of $510,652 on June 30, 2015. Historically, our principal ~~directors~~source of funds has been cash generated from financing activities. During the third quarter of July 1, 2015 to September 30, 2015 $44,225 has been raised.

ToDuring ~~date,~~ the ~~development~~nine ofmonths ~~the~~period ~~Company~~ended ~~has~~September ~~been~~30, ~~a result of the dedication of Jack Stuart~~2015, ~~Karen Hartlin and our directors and~~ the cash ~~passion~~balance ~~they~~has ~~have~~been ~~for~~raised ~~the~~by ~~goals~~$35,209 ~~and~~to ~~objectives~~$511,497 ofas ~~the~~compared ~~Company.~~to In$476,288 at the ~~event~~end ~~we lose the services~~ of ~~any~~December or31, ~~all~~2014 ofmainly ~~these~~due ~~persons and are unable~~ to ~~replace them with individuals having similar skills and passion for~~ the ~~ideals~~raise of ~~the~~equity ~~Company~~financing of $194,225 itafter ~~will~~offsetting ~~limit~~operating ~~our chances for success~~expenses.

Cash flow from operations. We have ~~future~~not ~~capital~~as ~~needs~~yet ~~and~~generated cash ~~without~~flow ~~adequate~~from ~~capital~~business weoperations. ~~will~~We ~~not~~anticipate bethat ~~able~~cash toflows ~~develop~~necessary to fund our business ~~plan~~operations will continue to come from financing activities for the next twelve-month period.

WeVariables ~~are a development stage company~~ and ~~have~~Trends yet to begin construction of our flagship plant for the purpose of converting plastic into fuel. The projected cost of construction for the flagship plant is $9,445,000. Without additional funding we will not be able construct the plant. Our growth and continued operations could be impaired by limitations on our access to capital markets. Furthermore, the limited capital we have raised, and the capital we hope will be available to us from our principals, if any, may not be adequate for our long-term growth. If financing is available, it may involve issuing securities senior to our common stock which would be dilutive to holders of our common stock. In addition, in the event we do not raise additional capital from conventional sources, such as our existing investors or commercial banks, there is every likelihood that our growth will be restricted and we may be forced to scale back or curtail implementing our business plan in which event investors in the Company may lose part or all of their investment.

~~Our~~We ~~executive~~have ~~officers~~no ~~exercise~~operating ~~voting~~history ~~control~~with ~~over~~respect ~~50%~~to ofour current business plan. In the ~~voting~~event ~~power~~we are able to obtain the necessary financing to move forward with our business plan, we expect our expenses to increase significantly as we grow our business. Accordingly, the comparison of the financial ~~Company~~data for the periods presented may not be a meaningful indicator of our future performance and must be considered in light these circumstances.

~~Our~~Off ~~CEO,~~Balance ~~Jack~~Sheet ~~Stuart~~Arrangements and our Secretary/Treasurer Karen Hartlin, exercise voting control over 50% of the issued and outstanding common shares of the Company. As a result, it is likely they can exert substantial control over all corporate actions taken by the Company. These actions may include the election of directors, mergers, consolidations, the sale of all or substantially all of our assets, and also the power to prevent or cause a change in control. Any investor who purchases shares in the Company will be a minority shareholder and as such will have little to no say in the direction of the Company and the election of directors. Additionally, it will be difficult if not impossible for investors to remove any person from our Board of Directors without the consent of one or both of our executive officers.

-We 17have no off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to investors.

Item 1A3. ~~Risk~~Quantitative ~~Factors~~and -Qualitative ~~Continued~~Disclosures About Market Risk.

~~There~~Not is uncertainty as to an investor’s ability to enforce civil liabilities both in and outside of the United States due to the fact that our officers, all directors but one, and our assets are not located in the United Statesapplicable.

~~Our~~21 office is not located in the United States. Our officers and all but one of our directors are located in Canada, and the operations and assets of the Company are located in Canada. As a result, it may be difficult for shareholders to effect service of process within the United States on our officers and Directors. In addition, investors may have difficulty enforcing judgments based upon the civil liability provisions of the securities laws of the Unites States or any state thereof, both in and outside of the United States.

~~Our~~Item ~~future~~4. ~~success~~Controls ~~depends~~and ~~on broad market acceptance of our products, which may not happen~~Procedures.

~~Our~~Evaluation entire business is based on the assumption that the demand for our products will develop and grow. We cannot assure you that this assumption is or will be correct. The market for fuel converted from plastic is new and accordingly quite small. As is typical of aDisclosure ~~new~~Controls and rapidly evolving industry, the demand for, and market acceptance of, “green-based” products is highly uncertain. In order to be successful, we must be able to keep our understandings in place with the suppliers of our products, convince retailers to stock our products and educate consumers that our products perform as well as the products they currently use. We plan to spend approximately 40% of our marketing budget educating consumers on the benefits associated with using our products as well as proving that our products work as well as the existing products they are accustomed to using. We can provide no assurances that these efforts will be successful. Similarly, we cannot assure you that the demand for our products will become widespread. If the market for our products fails to develop or develops more slowly than we anticipate, our business could be adversely affected.Procedures

AsOur ~~public~~management, ~~awareness~~with the participation of our chief executive officer and chief financial officer, evaluated the ~~benefits~~effectiveness of ~~fuel~~our disclosure ~~converted~~controls ~~from~~and ~~plastic~~procedures ~~grows~~as of September 30, we2015. ~~expect~~The ~~competition~~term “disclosure controls and procedures,” as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act, means controls and other procedures of a company that are designed to ~~increase~~ensure that information required to be disclosed by a company in the reports that it files or submits under the Exchange Act is recorded, ~~which~~processed, ~~could~~summarized ~~make~~and reported, within the time periods specified in the SEC’s rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by a company in the reports that it ~~more~~files ~~difficult~~or ~~for~~submits under usthe Exchange Act is accumulated and communicated to ~~grow~~the company’s management, including its principal executive and ~~achieve~~principal ~~profitability~~financial officers, as appropriate to allow timely decisions regarding required disclosure. Based on the evaluation of our disclosure controls and procedures as of September 30, 2015, our chief executive officer and chief financial officer concluded that, as of such date, our disclosure controls and procedures were effective at the reasonable assurance level.

WeManagement ~~expect~~recognizes ~~competition~~that toany ~~increase~~controls as awareness of the environmental advantages of converting plastic into fuel increases. A rapid increase in competition could negatively affect our ability to develop a profitable client base. Many of our competitors and ~~potential competitors may have substantially greater financial resources~~procedures, ~~customer~~no matter ~~support,~~how ~~technical~~well designed and ~~marketing resources~~operated, ~~larger~~can ~~customer~~provide ~~bases,~~only ~~longer~~reasonable ~~operating~~assurance ~~histories,~~of achieving ~~greater~~their ~~name~~objectives ~~recognition~~ and ~~more~~management ~~established~~necessarily ~~relationships~~applies ~~than~~its wejudgment ~~do.~~in evaluating ~~We cannot be sure that we will have~~ the ~~resources~~cost-benefit orrelationship ~~expertise~~of topossible ~~compete~~controls ~~successfully~~and procedures. ~~Compared to us, our competitors may be able to:~~

~~· develop~~22 ~~and expand their products and services more quickly;~~

~~· adapt~~PART ~~faster~~II to– ~~new~~OTHER orINFORMATION ~~emerging technologies and changing customer needs and preferences;~~

~~· take~~Item ~~advantage~~1. ofLegal ~~acquisitions and other opportunities more readily;~~Proceedings.

~~· negotiate~~None. ~~more favorable agreements with vendors and customers; and~~

~~· devote~~Item ~~greater~~1A. ~~resources~~Risk ~~to marketing and selling their products or services~~Factors.

-The 18success -of the Company depends heavily on Jack Stuart, Karen Hartlin and our directors.

~~Item~~To 1Adate, the development of the Company has been a result of the dedication of Jack Stuart, Karen Hartlin and our directors and the passion they have for the goals and objectives of the Company. ~~Risk~~In ~~Factors~~the -event ~~Continued~~we lose the services of any or all of these persons and are unable to replace them with individuals having similar skills and passion for the ideals of the Company, it will limit our chances for success.

~~Some~~We ofhave ~~our~~future ~~competitors~~capital ~~may~~needs ~~also~~and bewithout ~~able~~adequate tocapital ~~increase their market share by providing customers with additional benefits or by reducing their prices. We cannot be sure that~~ we will not be able to ~~match~~develop ~~price reductions by~~ our competitors. In addition, our competitors may form strategic relationships to better compete with us. These relationships may take the form of strategic investments, joint-marketing agreements, licenses or other contractual arrangements that could increase our competitors’ ability to serve customers. If our competitors are successful in entering our market, our ability to grow or even sustain our current business ~~could be adversely impacted~~plan.

We ~~may~~are a development stage company and have yet to begin construction of our flagship plant for the purpose of converting plastic into fuel. The projected cost of construction for the flagship plant is $9,445,000. Without additional funding we will not be able construct the plant. Our growth and continued operations could be impaired by limitations on our access to capital ~~manage~~markets. Furthermore, the limited capital we have raised, and the capital we hope will be available to us from our principals, if any, may not be adequate for our long-term growth. ~~effectively~~If financing is available, ~~create~~it ~~operating~~may ~~efficiencies~~involve issuing securities senior to our common stock which would be dilutive to holders of our common stock. In addition, in the event we do not raise additional capital from conventional sources, such as our existing investors or ~~achieve~~commercial banks, there is every likelihood that our growth will be restricted and we may be forced to scale back or ~~sustain~~curtail ~~profitability~~implementing our business plan in which event investors in the Company may lose part or all of their investment.

Our ~~efforts~~executive toofficers ~~grow~~exercise ~~will~~voting ~~place~~control aover ~~significant~~50% ~~strain~~of the onvoting ~~our~~power ~~personnel,~~of ~~management~~the ~~systems, infrastructure and other resources~~Company. Our ability to manage future growth effectively will also require us to continue to update and improve our operational, financial and management controls and procedures. If we do not manage our growth effectively, we could be faced with slower growth and a failure to achieve or sustain profitability.

WeOur ~~face~~CEO, ~~risks~~Jack ~~associated~~Stuart ~~with~~and ~~obtaining~~our ~~raw~~Secretary/Treasurer ~~materials~~Karen Hartlin, exercise voting control over 50% of the issued and outstanding common shares of the Company. As a result, it is likely they can exert substantial control over all corporate actions taken by the Company. These actions may include the election of directors, mergers, consolidations, the sale of all or substantially all of our assets, and also the power to prevent or cause a change in control. Any investor who purchases shares in the Company will be a minority shareholder and as such will have little to no say in the direction of the Company and the election of directors. Additionally, it will be difficult if not impossible for investors to remove any person from our Board of Directors without the consent of one or both of our executive officers.

~~Even~~23 though there seems to be an inexhaustible supply of used plastic in our society, our success will depend upon our ability to collect or pay someone else to collect plastic for commercially reasonable costs. In the event there becomes increased competition for these plastic resources, it could have an effect on our profitability that we do not foresee at this time.

WeItem ~~face~~1A. ~~risks~~Risk ~~associated~~Factors ~~with~~- ~~a reduction in demand for carbon based fuels~~Continued.

~~Our~~There ~~world~~ is ~~committing~~uncertainty ~~vast~~as ~~amounts~~to ofan ~~resources~~investor’s ~~toward~~ability ~~research~~to ~~and~~enforce civil ~~development~~liabilities ~~for~~both ~~the~~in ~~purpose~~and ofoutside ~~replacing carbon based fuels with other sources~~ of ~~energy~~the ~~such~~United asStates ~~sunlight,~~due ~~ocean wave power, wind power and various forms of electrical power,~~ to ~~name a few. Our primary business focus is based upon a strategy for replacing~~ the ~~traditional~~fact ~~source~~that our ~~for carbon based fuels~~officers, ~~namely~~all ~~crude~~directors ~~oil.~~but Ifone, ~~there~~and isour aassets ~~major~~are ~~breakthrough~~not located in ~~technology that reduces~~ the United ~~need for carbon based fuels, prospect for the success of our company could suffer~~States.

WeOur ~~will~~office is not located in the United States. Our officers and all but one of our directors are located in Canada, and the operations and assets of the Company are located in Canada. As a result, it may be ~~able~~difficult for shareholders to ~~negotiate~~effect ~~exclusive~~service ~~rights~~of toprocess within the ~~technology~~United weStates ~~will~~on ~~need~~our officers toand ~~acquire~~Directors. In addition, investors may have difficulty enforcing judgments based upon the civil liability provisions of the securities laws of the Unites States or any state thereof, both in and outside of the United States.

Our ~~intent~~future issuccess todepends ~~design~~on ~~and~~broad ~~refine a plant that utilizes existing technologies in plastics de-polymerization and to implement equipment that is readily available in the industrial~~ market ~~place.~~acceptance ~~We will not have exclusive rights to this technology for Canada or the U.S. Accordingly others may license or otherwise obtain the use~~ of ~~the same technology and enter into competition with us in~~ our ~~same locality. If this should be the case~~ products, itwhich may benot ~~difficult or impossible to obtain a competitive advantage over others that desire to enter into this industry~~happen.

Our entire business is based on the assumption that the demand for our products will develop and grow. We ~~have~~cannot ~~never~~assure ~~paid~~you ~~cash~~that ~~dividends~~this assumption is or will be correct. The market for fuel converted from plastic is new and accordingly quite small. As is typical of a new and rapidly evolving industry, the demand for, and market acceptance of, “green-based” products is highly uncertain. In order to be successful, we must be able to keep our understandings in ~~connection~~place with the suppliers of our ~~common~~products, convince retailers to stock our products and ~~have~~educate noconsumers ~~plans~~that our products perform as well as the products they currently use. We plan to ~~pay~~spend ~~dividends~~approximately in40% of our marketing budget educating consumers on the ~~future~~benefits associated with using our products as well as proving that our products work as well as the existing products they are accustomed to using. We can provide no assurances that these efforts will be successful. Similarly, we cannot assure you that the demand for our products will become widespread. If the market for our products fails to develop or develops more slowly than we anticipate, our business could be adversely affected.

WeAs ~~have~~public ~~paid~~awareness noof ~~cash~~the ~~dividends~~benefits onof ~~our~~fuel ~~common~~converted ~~stock~~from plastic togrows, ~~date~~we ~~and~~expect itcompetition isto ~~not~~increase, ~~anticipated~~which ~~that~~could ~~any~~make ~~cash~~it ~~dividends~~more difficult ~~will~~for beus ~~paid~~ to ~~holders~~grow ofand ~~our~~achieve ~~common stock in the foreseeable future~~profitability. ~~While our~~

-We 19expect -competition to increase as awareness of the environmental advantages of converting plastic into fuel increases. A rapid increase in competition could negatively affect our ability to develop a profitable client base. Many of our competitors and potential competitors may have substantially greater financial resources, customer support, technical and marketing resources, larger customer bases, longer operating histories, greater name recognition and more established relationships than we do. We cannot be sure that we will have the resources or expertise to compete successfully. Compared to us, our competitors may be able to:

~~Item~~• ~~1A.~~develop ~~Risk~~and ~~Factors~~expand -their ~~Continued.~~products and services more quickly; adapt faster to new or emerging technologies and changing customer needs and preferences; • take advantage of acquisitions and other opportunities more readily; • negotiate more favorable agreements with vendors and customers; and

~~dividend~~24 ~~policy will be based on the operating results and capital needs of our business, it is anticipated that any earnings will be retained to finance our future expansion.~~

~~Investors~~Item ~~may face significant restrictions on the resale of our common stock in the U~~1A.S. ~~due~~Risk toFactors ~~federal~~- ~~regulations of penny stocks~~Continued.

~~Our~~• ~~common~~devote ~~stock~~greater ~~will~~resources ~~be subject~~ to ~~the~~marketing requirements of Rule 15g-9, promulgated under the Securities Exchange Act of 1934, as amended (the “Exchange Act”) as long as the price of our common stock is below $5.00 per share. Under such rule, broker-dealers who recommend low-priced securities to persons other than established customers and ~~accredited~~selling ~~investors~~their ~~must~~products satisfy special sales practice requirements, including a requirement that they make an individualized written suitability determination for the purchaser and receive the purchaser's consent prior to the transaction. The Securities Enforcement Remedies and Penny Stock Reform Act of 1990, also requires additional disclosure in connection with any trades involving a stock defined as a penny stock. Generally, the Commission defines a penny stock as any equity security not traded on an exchange or ~~quoted on NASDAQ that has a market price of less than $5~~services.00 per share. The required penny stock disclosures include the delivery, prior to any transaction, of a disclosure schedule explaining the penny stock market and the risks associated with it. Such requirements could severely limit the market liquidity of the securities and the ability of purchasers to sell their securities in the secondary market. In addition, various state securities laws impose restrictions on transferring "penny stocks" and as a result, investors in the common stock may have their ability to sell their shares of the common stock impaired.

~~There~~Some isof noour competitors may also be able to increase their market ~~for~~share by providing customers with additional benefits or by reducing their prices. We cannot be sure that we will be able to match price reductions by our ~~common~~competitors. ~~shares~~In addition, our competitors may form strategic relationships to better compete with us. These relationships may take the form of strategic investments, joint-marketing agreements, licenses or other contractual arrangements that could increase our competitors’ ability to serve customers. If our competitors are successful in entering our market, our ability to grow or even sustain our current business could be adversely impacted.

~~While~~We wemay ~~intend~~not tobe ~~obtain~~able ato ~~trading~~manage ~~symbol and create a market for~~ our ~~common~~growth ~~stock~~effectively, ~~there~~create operating ~~can~~efficiencies beor noachieve ~~assurance~~or ~~that~~sustain ~~we will be successful in doing so~~profitability. ~~Even if we are successful in creating a market for our common stock, the market may be illiquid and subject to wide fluctuations in response to several factors, including, but not limited to:~~

~~· actual~~Our orefforts ~~anticipated~~to ~~variations~~grow inwill place a significant strain on our personnel, ~~results~~management ofsystems, ~~operations;~~infrastructure and other resources. Our ability to manage future growth effectively will also require us to continue to update and improve our operational, financial and management controls and procedures. If we do not manage our growth effectively, we could be faced with slower growth and a failure to achieve or sustain profitability.

~~· our~~We ~~ability~~face orrisks ~~inability~~associated towith ~~generate~~obtaining ~~new~~raw ~~revenues;~~materials.

~~· the~~Even ~~number~~though there seems to be an inexhaustible supply of ~~shares~~used plastic in our ~~public~~society, ~~float;~~our success will depend upon our ability to collect or pay someone else to collect plastic for commercially reasonable costs. In the event there becomes increased competition for these plastic resources, it could have an effect on our profitability that we do not foresee at this time.

~~· increased~~We ~~competition;~~face ~~and~~risks associated with a reduction in demand for carbon based fuels.

~~· conditions~~Our world is committing vast amounts of resources toward research and ~~trends~~development for the purpose of replacing carbon based fuels with other sources of energy such as sunlight, ocean wave power, wind power and various forms of electrical power, to name a few. Our primary business focus is based upon a strategy for replacing the traditional source for carbon based fuels, namely crude oil. If there is a major breakthrough in technology that reduces the ~~market~~need for carbon based fuels, prospect for the success of our ~~products~~company could suffer.

~~Furthermore,~~We ~~our~~will ~~stock~~not ~~price may~~ be ~~impacted~~able byto ~~factors~~negotiate ~~that~~exclusive ~~are~~rights ~~unrelated or disproportionate~~ to our operating performance. These market fluctuations, as well as general economic, political and market conditions, such as recessions, interest rates or international currency fluctuations may adversely affect the technology ~~market~~we ~~price~~will ofneed ~~our~~to ~~common stock~~acquire.

~~Potential~~Our ~~product,~~intent ~~service~~is orto ~~other~~design ~~related~~and ~~liability~~refine ~~claims~~a ~~could~~plant that utilizes existing technologies in plastics depolymerization and to implement equipment that is readily available in the industrial market place. We will not have exclusive arights ~~material~~to ~~adverse~~this ~~effect~~technology onfor Canada or the ~~Company’s~~U.S. ~~liquidity,~~Accordingly ~~financial~~others may ~~position~~license ~~and~~or ~~results~~otherwise obtain the use of ~~operations~~the same technology and enter into competition with us in our same locality. If this should be the case, it may be difficult or impossible to obtain a competitive advantage over others that desire to enter into this industry.

~~The~~25 development, manufacture and sale of specialty fuel products and other related services involve inherent exposure to potential product liability claims, service level claims, product recalls and related adverse publicity. Any of these potential product or service risks could also

-Item 201A. Risk Factors - Continued.

~~Item~~We ~~1A.~~have ~~Risk~~never ~~Factors~~paid -cash ~~Continued~~dividends in connection with our common stock and have no plans to pay dividends in the future.

~~result~~We inhave ~~substantial~~paid ~~and~~no ~~unexpected~~cash ~~expenditures~~dividends ~~and~~on ~~affect~~our ~~customer~~common ~~confidence~~stock into ~~our~~date ~~products~~ and it ~~services,~~is ~~which~~not ~~could~~anticipated ~~have~~that aany ~~material~~cash ~~adverse~~dividends ~~effect~~will onbe ~~the~~paid ~~Company’s~~to ~~liquidity,~~holders ~~financial position and results~~ of ~~operations.~~our common ~~Although~~stock in the ~~Company~~foreseeable ~~expects~~future. toWhile ~~maintain~~our ~~product~~dividend ~~and~~policy ~~other~~will ~~general~~be ~~liability~~based on ~~insurance,~~the ~~there~~operating ~~can~~results beand nocapital ~~assurance~~needs ~~that~~of ~~this~~our ~~type~~business, orit ~~the~~is ~~level~~anticipated that ofany ~~coverage~~earnings ~~would~~will be ~~adequate~~retained to ~~cover~~finance ~~these~~our ~~potential~~future ~~risks~~expansion.

~~The~~Investors ~~Company~~may ~~must~~face ~~eventually~~significant ~~emerge~~restrictions ~~from~~on ~~its~~the ~~status~~resale asof our acommon ~~development~~stock ~~stage~~in ~~company~~the inU.S. ~~order~~due to befederal ~~successful~~regulations of penny stocks.

~~Note~~Our 1common tostock ~~the~~will ~~audited~~be ~~financial~~subject ~~statements~~to ~~which~~the ~~are~~requirements ~~a part~~ of ~~this~~Rule 15g-9, ~~prospectus~~promulgated ~~state~~under inthe ~~part:~~Securities ~~“The~~Exchange ~~ability~~Act of ~~the~~1934, ~~Company~~as toamended ~~carry~~(the “Exchange ~~out~~Act”) ~~its~~as ~~business~~long ~~objectives~~as ~~is dependent upon~~ the ~~Company’s~~price ~~ability~~of toour ~~receive~~common ~~continued~~stock ~~financial~~is ~~support~~below ~~from~~$5.00 ~~related~~per share. ~~parties~~Under orsuch byrule, ~~obtaining~~broker-dealers ~~public~~who ~~equity~~recommend ~~financing~~low-priced ~~and~~securities to persons ~~develop~~other ~~its~~than ~~business~~established ~~plan~~customers ~~resulting~~and inaccredited ~~the~~investors ~~generation~~must ofsatisfy special ~~profitable~~sales ~~operations~~practice ~~in the future or by identifying~~requirements, ~~evaluating~~including ~~and negotiating an acquisition of,~~ a ~~participation~~requirement ~~in,~~that orthey anmake ~~investment of~~ an individualized ~~interest~~written insuitability adetermination ~~technology~~for orthe ~~business~~purchaser ~~that~~and ~~will~~receive the ~~generate~~purchaser's ~~profitable~~consent ~~operations~~prior into the ~~future~~transaction.” ~~Since~~The ~~the~~Securities ~~Company~~Enforcement Remedies ~~has~~and ~~yet~~Penny toStock ~~generate~~Reform ~~other~~Act ~~than~~of ~~nominal~~1990, ~~revenues~~also orrequires toadditional ~~engage~~ disclosure in ~~business~~connection ~~operations~~with ~~that~~any ~~could~~trades ~~generate~~involving ~~business~~a ~~revenue~~stock indefined ~~the~~as ~~near~~a ~~term~~penny stock. Generally, ~~it is necessary for~~ the ~~Company~~Commission todefines ~~continue~~a topenny ~~raise~~stock ~~money~~as ~~through~~any ~~the sale of~~ equity ~~capital~~security tonot traded ~~sustain~~on ~~its~~an ~~business~~exchange ~~existence.~~or Ifquoted ~~the~~on ~~Company~~NASDAQ isthat ~~not~~has ~~successful~~a inmarket ~~furthering~~price ~~its~~of ~~business~~less ~~development~~than $5.00 toper ~~where~~share. itThe ~~can~~required ~~generate~~penny ~~revenue~~stock ~~from~~disclosures ~~business~~include ~~operations, in~~ the ~~long~~delivery, prior ~~run~~to itany ~~will~~transaction, ~~not~~of ~~succeed as~~ a ~~business~~disclosure ~~and~~schedule itexplaining isthe ~~likely~~penny ~~any~~stock market ~~investors~~and in the ~~Company~~risks ~~will~~associated ~~lose~~with ~~their investment~~it. ItSuch ~~should~~requirements ~~also~~could beseverely ~~noted~~limit the ~~and~~market ~~understood~~liquidity ~~that~~of ~~even if~~ the ~~Company~~securities ~~receives~~and ~~continued~~the ~~financial~~ability ~~support~~of ~~from~~purchasers ~~related~~to ~~parties~~sell their orsecurities ~~obtains~~in ~~public~~the ~~equity~~secondary ~~financing~~market. toIn ~~develop~~addition, ~~its~~various ~~business~~state ~~plan~~securities laws orimpose ~~even~~restrictions ifon ~~the~~transferring ~~Company~~"penny ~~negotiates~~stocks" anand ~~acquisition~~as ~~of,~~ a ~~participation~~result, investors in, orthe ancommon ~~investment~~stock ofmay anhave ~~interest~~their inability ato ~~technology~~sell ortheir ~~business,~~shares of the common ~~Company~~stock ~~may be unprofitable~~impaired.

-There 21is -no market for our common shares.

~~Item~~While 2.we ~~Unregistered~~intend ~~Sales~~to ofobtain ~~Equity~~a ~~Securities~~trading symbol and ~~Use~~create ofa ~~Proceeds~~market for our common stock, there can be no assurance that we will be successful in doing so. Even if we are successful in creating a market for our common stock, the market may be illiquid and subject to wide fluctuations in response to several factors, including, but not limited to:

~~None~~• actual or anticipated variations in our results of operations; • our ability or inability to generate new revenues; • the number of shares in our public float; • increased competition; and • conditions and trends in the market for our products.

~~Item~~26 ~~3. Defaults Upon Senior Securities.~~

~~None~~Item 1A. Risk Factors - Continued.

~~Item~~Furthermore, 4our stock price may be impacted by factors that are unrelated or disproportionate to our operating performance. ~~Mine~~These ~~Safety~~market fluctuations, ~~Disclosures~~as well as general economic, political and market conditions, such as recessions, interest rates or international currency fluctuations may adversely affect the market price of our common stock.

~~Not~~Potential ~~applicable~~product, service or other related liability claims could have a material adverse effect on the Company’s liquidity, financial position and results of operations.

~~Item~~The 5development, manufacture and sale of specialty fuel products and other related services involve inherent exposure to potential product liability claims, service level claims, product recalls and related adverse publicity. ~~Other~~Any ~~Information~~of these potential product or service risks could also result in substantial and unexpected expenditures and affect customer confidence in our products and services, which could have a material adverse effect on the Company’s liquidity, financial position and results of operations. Although the Company expects to maintain product and other general liability insurance, there can be no assurance that this type or the level of coverage would be adequate to cover these potential risks.

~~None~~The Company must eventually emerge from its status as a development stage company in order to be successful.

~~Item~~The 6ability of the Company to carry out its business objectives is dependent upon the Company’s ability to receive continued financial support from related parties or by obtaining public equity financing and to develop its business plan resulting in the generation of profitable operations in the future or by identifying, evaluating and negotiating an acquisition of, a participation in, or an investment of an interest in a technology or business that will generate profitable operations in the future. ~~Exhibits~~Since the Company has yet to generate other than nominal revenues or to engage in business operations that could generate business revenue in the near term, it is necessary for the Company to continue to raise money through the sale of equity capital to sustain its business existence. If the Company is not successful in furthering its business development to where it can generate revenue from business operations, in the long run it will not succeed as a business and it is likely any investors in the Company will lose their investment. It should also be noted and understood that even if the Company receives continued financial support from related parties or obtains public equity financing to develop its business plan or even if the Company negotiates an acquisition of, a participation in, or an investment of an interest in a technology or business, the Company may be unprofitable.

~~The~~Item ~~exhibits~~2. ~~listed~~Unregistered ~~below~~Sales ~~(following the signatures section~~ of ~~this~~Equity ~~quarterly~~Securities ~~report~~and onUse ~~Form~~of ~~10-Q) are included herewith, or incorporated herein by reference~~Proceeds.

Exhibit No.	Exhibit Description
31.1	Certification of Principal Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act.
31.2	Certification of Principal Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act.
32.1	Certification of Principal Executive Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
32.2	Certification of Principal Financial Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

None.

-Item 223. -Defaults Upon Senior Securities.

~~SIGNATURES~~None.

~~Pursuant~~27 ~~to the requirements 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.~~

~~NEW~~Item ~~FUEL~~4. ~~SYSTEMS~~Mine ~~INC~~Safety Disclosures.

~~October~~Not 5,applicable. ~~2015 /s/ Jack Stuart~~

~~Date Jack~~Item ~~Stuart,~~5. ~~President~~Other ~~and Chief Executive Officer~~Information.

~~October~~None. ~~5, 2015 /s/ Douglas Myrdal~~

~~Date Douglas~~Item ~~Myrdal,~~6. ~~Chief Financial Officer~~Exhibits.

~~October~~The 5exhibits listed below (following the signatures section of this quarterly report on Form 10-Q) are included herewith, ~~2015 /s/~~or ~~Karen~~incorporated herein ~~Hartlin~~by reference.

Date Karen Hartlin, Secretary/Treasurer/Admin.Mngr.

Exhibit No.	Exhibit Description

31.1	Certification of Principal Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act.
31.2	Certification of Principal Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act.
32.1	Certification of Principal Executive Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
32.2	Certification of Principal Financial Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

-SIGNATURES ~~23 -~~

Pursuant to the requirements 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.

NEW FUEL SYSTEMS INC.
(Registrant)

November 12, 2015		/s/ Jack Stuart
Date		Jack Stuart, President and Chief Executive Officer

November 12, 2015		/s/ Douglas Myrdal
Date		Douglas Myrdal, Chief Financial Officer

November 12, 2015		/s/ Karen Hartlin
Date		Karen Hartlin, Secretary/Treasurer/Admin. Mngr.

Filing Compare · New Fuel Systems Inc.