UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

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

For the quarterly period ended: September 30, 2011

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

For the transition period from _____________ to ____________

Commission File Number 333-166494

DIGAGOGO VENTURES CORP.

(Exact name of registrant as specified in its charter)


Delaware		42-1769945
(State of incorporation)		(I.R.S. Employer Identification No.)

645 Griswold St., Suite 3500

Detroit, Michigan 48226-4120

(Address of principal executive offices)

Phone: (704) 246-8073

Fax: (704) 904-6385

(Registrant’s telephone number)

with a copy to:

Vincent & Rees, L.C.

175 S. Main Street, 15th Floor

Salt Lake City, UT 84111

Phone: (801) 303-5730

Fax: (801) 355-5005

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.

Yes X . No .

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).

Yes X . No .

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See 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 .

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

Yes . No X .

APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PRECEDING FIVE YEARS:

Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Sections 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court.

Yes . No .

APPLICABLE ONLY TO CORPORATE ISSUERS

The number of shares of common stock outstanding as of November 21, 2011 was 89,200,000.

DIGAGOGO VENTURES CORP.*

TABLE OF CONTENTS


		Page

PART I. FINANCIAL INFORMATION

ITEM 1.	FINANCIAL STATEMENTS	3
ITEM 2.	MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS	11
ITEM 3.	QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK	14
ITEM 4.	CONTROLS AND PROCEDURES	14

PART II. OTHER INFORMATION

ITEM 1.	LEGAL PROCEEDINGS	15
ITEM 1A.	RISK FACTORS	15
ITEM 2.	UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS	15
ITEM 3.	DEFAULTS UPON SENIOR SECURITIES	15
ITEM 4.	[REMOVED AND RESERVED]	15
ITEM 5.	OTHER INFORMATION	15
ITEM 6.	EXHIBITS	16

Special Note Regarding Forward-Looking Statements

Information included in this Form 10-Q contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (“Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (“Exchange Act”). This information may involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Digagogo Ventures Corp. (the “Company”), to be materially different from future results, performance or achievements expressed or implied by any forward-looking statements. Forward-looking statements, which involve assumptions and describe future plans, strategies and expectations of the Company, are generally identifiable by use of the words “may,” “will,” “should,” “expect,” “anticipate,” “estimate,” “believe,” “intend,” or “project” or the negative of these words or other variations on these words or comparable terminology. These forward-looking statements are based on assumptions that may be incorrect, and there can be no assurance that these projections included in these forward-looking statements will come to pass. Actual results of the Company could differ materially from those expressed or implied by the forward-looking statements as a result of various factors. Except as required by applicable laws, the Company has no obligation to update publicly any forward-looking statements for any reason, even if new information becomes available or other events occur in the future.

* Please note that throughout this Quarterly Report, and unless otherwise noted, the words "we," "our," "us," the "Company," or "DOGO" refers to Digagogo Ventures Corp.

PART I - FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

Digagogo Ventures Corp.

(formerly Eco-Friendly Power Technologies Corp.)

(A Development Stage Company)

September 30, 2011



	Index

Consolidated Balance Sheets (unaudited)	4

Consolidated Statements of Operations (unaudited)	5

Consolidated Statements of Cash Flows (unaudited)	6

Notes to the Consolidated Financial Statements (unaudited)	7

Digagogo Ventures Corp.

(formerly Eco-Friendly Power Technologies Corp.)

(A Development Stage Company)

Consolidated Balance Sheets

(expressed in U.S. dollars)

(unaudited)


	September 30, 2011 $	December 31, 2010 $
ASSETS

Current Assets

Cash	1,133	–

Total Current Assets	1,133	–

Intangible assets (Note 3), net of amortization of $121,735 (Note 3)	1,428,265	–

Total Assets	1,429,398	–
LIABILITIES AND STOCKHOLDERS’ DEFICIT

Current Liabilities

Accounts payable and accrued liabilities	579,460	50,662
Due to related parties (Note 5)	22,328	–
Notes payable (Note 4)	861,543	2,536

Total Liabilities	1,463,331	53,198

Stockholders’ Deficit

Common Stock Authorized: 1,500,000,000 common shares, with a par value of $0.0001 per share Issued and outstanding: 87,000,000 and 55,000,000 common shares, respectively	8,700	5,500

Additional paid-in capital	8,120,600	49,800

Common Stock Issuable	180,000	–

Deficit accumulated during the development stage	(8,343,233)	(108,498)

Total Stockholders’ Deficit	(33,933)	(53,198)

Total Liabilities and Stockholders’ Deficit	1,429,398	–

(The accompanying notes are an integral part of these financial statements)

Digagogo Ventures Corp.

(formerly Eco-Friendly Power Technologies Corp.)

(A Development Stage Company)

Consolidated Statements of Operations

(expressed in U.S. dollars)

(unaudited)


	For the Three Months Ended September 30, 2011 $	For the Three Months Ended September 30, 2010 $	For the Nine Months Ended September 30, 2011 $	For the period from January 5, 2010 (date of inception) September 30, 2010 $	Accumulated from January 5, 2010 (date of inception) to September 30, 2011 $

Revenue	50,000	–	50,000	–	50,000

Operating Expenses

Amortization	121,735	–	121,735	–	121,735
Consulting fees	59,999	–	77,457	1,600	103,493
General and administrative	38,962	6,345	66,665	14,345	68,495
Foreign exchange gain	–	(471)	–	(471)	(471)
Management fees	48,000	–	7,560,000	–	7,560,000
Professional fees	104,769	–	140,954	1,500	200,454
Research and development	2,600	–	2,600	11,140	13,740
Transfer agent fees	15,615	597	17,429	2,676	27,892

Total Operating Expenses	391,680	6,471	7,986,840	30,790	8,095,338

Other Expense

Interest expense (Note 4b)	24,806	–	26,895	–	26,895
Loss on settlement of debt (Note 6e)	271,000	–	271,000	–	271,000

Net Loss for the Period	(637,486)	(6,471)	(8,234,735)	(30,790)	(8,320,614)

Net Loss Per Share, Basic and Diluted	(0.01)	–	(0.11)	–

Weighted Average Shares Outstanding	86,780,435	3,788,043	76,605,495	3,265,568

(The accompanying notes are an integral part of these financial statements)

Digagogo Ventures Corp.

(formerly Eco-Friendly Power Technologies Corp.)

(A Development Stage Company)

Consolidated Statements of Cash Flows

(expressed in U.S. dollars)

(unaudited)


	For the Nine Months Ended September 30, 2011 $	For the period from January 5, 2010 (date of inception) September 30, 2010 $	Accumulated from January 5, 2010 (date of inception) to September 30, 2011 $
Operating Activities

Net loss for the period	(8,234,735)	(30,790)	(8,343,233)

Adjustment to reconcile net loss to cash used in operating activities:

Amortization	121,735	–	121,735
Shares issued for management fees	7,544,000	–	7,544,000
Shares issued for consulting fees	60,000	–	60,000
Loss on settlement of accounts payable	271,000	–	271,000

Changes in operating assets and liabilities:

Accounts payable and accrued liabilities	157,798	12,701	208,460
Due to related parties	22,328	–	22,328

Net Cash Used in Operating Activities	(57,874)	(18,089)	(115,710)

Financing activities

Payment on debt	(50,000)	–	(50,000)
Proceeds from loan payable	109,007	–	111,543
Proceeds from related parties	–	17,805	–
Proceeds from the issuance of common stock	–	75,300	75,300
Share issuance costs	–	–	(20,000)

Net Cash Provided by Financing Activities	59,007	93,105	116,843

Increase in Cash	1,133	–	1,133

Cash, Beginning of Period	–	–	–

Cash, End of Period	1,133	75,016	1,133

Non-cash investing and financing activities
Shares issued/ issuable for assets	750,000	–	750,000
Issuance of notes payable for assets	800,000	–	800,000

Supplemental Disclosures
Interest paid	–	–	–
Income tax paid	–	–	–

(The accompanying notes are an integral part of these financial statements)

Digagogo Ventures Corp.

(formerly Eco-Friendly Power Technologies Corp.)

(A Development Stage Company)

Notes to the Financial Statements

(expressed in U.S. dollars)

(unaudited)

Nature of Operations and Continuance of Business

Digagogo Ventures Corp. (the “Company”), formerly called Eco-Friendly Technologies Corp., is a Delaware corporation in the development stage and has not commenced operations. The Company was incorporated under the laws of the State of Delaware on January 5, 2010. The business plan of the Company is to develop a commercial application of the design in a patent of an Incandescent light bulb life extending apparatus. The Company also intends to enhance the existing prototype, and manufacture and market the product and/or seek third party entities interested in licensing the rights to manufacture and market the device. The accompanying financial statements of the Company were prepared from the accounts of the Company under the accrual basis of accounting.

Going Concern

These financial statements have been prepared on a going concern basis, which implies that the Company will continue to realize its assets and discharge its liabilities in the normal course of business. The Company has generated no revenues to date and has never paid any dividends and is unlikely to pay dividends or generate significant earnings in the immediate or foreseeable future. As of September 30, 2011, the Company had a working capital deficit of $1,439,579 and an accumulated deficit of $8,320,614. The continuation of the Company as a going concern is dependent upon the continued financial support from its shareholders, the ability to raise equity or debt financing, and the attainment of profitable operations from the Company's future business. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern. These financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

Summary of Significant Accounting Policies

Basis of Presentation

The consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States (“US GAAP”) and are expressed in U.S. dollars. These consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary Impact Technologies Inc. and Impact Innovations Systems, Inc. All significant inter-company transactions and balances have been eliminated. The Company’s fiscal year end is December 31.

Use of Estimates

The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company regularly evaluates estimates and assumptions related to the deferred income tax asset valuation allowances. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected.

Cash and Cash Equivalents

The Company considers all highly liquid instruments with maturity of three months or less at the time of issuance to be cash equivalents. As of September 30, 2011 and December 31, 2010, the Company had no cash equivalents.

Interim Financial Statements

These interim unaudited financial statements have been prepared on the same basis as the annual financial statements and in the opinion of management, reflect all adjustments, which include only normal recurring adjustments, necessary to present fairly the Company’s financial position, results of operations and cash flows for the periods shown. The results of operations for such periods are not necessarily indicative of the results expected for a full year or for any future period.

Revenue Recognition

The Company recognizes revenue from sublicensing fees through a non-related party. Revenue will be recognized only when the price is fixed and determinable, persuasive evidence of an arrangement exists, the service has been provided, and collectability is assured.

Intangible Assets

Intangible assets include all costs incurred to acquire internet network and channels. Intangible assets are recorded at cost and amortized over useful lives of 3 years using the straight line method.

The Company evaluates the recoverability of long-lived assets and the related estimated remaining lives at each balance sheet date. The Company records an impairment or change in useful life whenever events or changes in circumstances indicate that the carrying amount may not be recoverable or the useful life has changed.

Basic and Diluted Net Loss Per Share

The Company computes net loss per share in accordance with ASC 260, Earnings per Share. ASC 260 requires presentation of both basic and diluted earnings per share (“EPS”) on the face of the income statement. Basic EPS is computed by dividing net loss available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period using the treasury stock method and convertible preferred stock using the if-converted method. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all dilutive potential shares if their effect is anti dilutive. As of September 30, 2011 and December 31, 2010, the Company did not have any potentially dilutive shares.

Comprehensive Loss

ASC 220, Comprehensive Income, establishes standards for the reporting and display of comprehensive loss and its components in the financial statements. As of September 30, 2011 and December 31, 2010, the Company has no items that represent a comprehensive loss and, therefore, has not included a schedule of comprehensive loss in the financial statements.

Financial Instruments

Pursuant to ASC 820, Fair Value Measurements and Disclosures, an entity is required to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. ASC 820 prioritizes the inputs into three levels that may be used to measure fair value:

Level 1

Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities.

Level 2

Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data.

Level 3

Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.

The Company’s financial instruments consist principally of cash, and accounts payable and accrued liabilities. Pursuant to ASC 820, the fair value of our cash is determined based on “Level 1” inputs, which consist of quoted prices in active markets for identical assets. We believe that the recorded values of all of our other financial instruments approximate their current fair values because of their nature and respective maturity dates or durations.

Recent Accounting Pronouncements

The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

Intangible Assets

On July 6, 2011, the Company entered into an asset purchase agreement with a non-related party to acquire an intellectual property called DogoSearch in exchange for an aggregate of $500,000 in cash and 1,000,000 shares of the Company’s common stock valued at $120,000 based on the market value of the stock on the date of issuance. The cash consideration is payable as follows:

$50,000 payable on September 30, 2011(paid);

ii.

$200,000 payable on October 31, 2011 and;

iii.

$250,000 payable on November 30, 2011.

On July 6, 2011, the Company issued a promissory note of $50,000 to fulfil the cash consideration.

The DogoSearch service gathers and manages data in a unique way, different from existing search engines. It does not scour the Internet for information, but rather, it uses agents of local businesses or organizations to populate this data and the data is exclusive to DogoSearch, meaning that users will not find the same information anywhere else on the Internet.

On July 6, 2011, the Company entered into an asset purchase agreement with a non-related party to acquire an intellectual property called DogoNet in exchange for an aggregate of $500,000 in cash and 1,000,000 shares of the Company’s common stock valued at $120,000 based on the market value of the stock on the date of issuance. On July 6, 2011, the Company issued a promissory note of $500,000 to fulfil the cash consideration.

DogoNet is a sales channel for brands, manufacturers and retail operators in which users can subscribe to. This is a localized sales and distribution network for any business to engage into. It enables users to buy, sell and share with every connected household portal. The DogoNet channel also gives users the opportunity to take advantage of local group purchasing.

On July 6, 2011, the Company entered into an asset purchase agreement with a non-related party to acquire an intellectual property called DogoPlay in exchange for an aggregate of $250,000 in cash and 500,000 shares of the Company’s common stock valued at $60,000 based on the market value of the stock on the date of issuance. On July 6, 2011, the Company issued a promissory note of $250,000 to fulfil the cash consideration.

DogoPlay allows users to instantly track and manage purchases and sales and redeemed points. The DogoNet users will have access to e-commerce management through the use of an 'e-wallet'.

As at September 30, 2011, the Company recorded amortization expense relating to its acquisition of DogoSearch, DogoNet, and DogoPlay of $121,735.

Notes Payable

As of September 30, 2011, the Company issued various promissory notes totalling $800,000 (2010 - $nil) to various non-related parties to acquire various intangible assets. These amounts owing are non-interest bearing, due on demand and secured by security agreements where the creditors have security interests in the assets and intellectual properties as collaterals for the payment and performance of obligations. As at September 30, 2011, the Company recorded 12% imputed interest of $22,619 which has been recorded in accounts payable and accrued liabilities.

As of September 30, 2011, the Company issued various notes payable totalling $109,007 to a non-related party and repaid $50,000 of the loan payable, resulting in an outstanding balance of $59,007 (2010 - $nil). These amounts owing are unsecured, due interest of 12% per annum, and due on demand. As of September 30, 2011, accrued interest of $3,241 has been recorded in accounts payable and accrued liabilities.

As of September 30, 2011, the Company owed $2,536 (2010 - $2,536) to a non-related party. The amounts owing are unsecured, non-interest bearing, and due on demand.

Related Party Transactions

As at September 30, 2011, the Company owed $22,328 (2010 - $nil) to the President of the Company for financing of day-to-day expenditures and management fees. The amount owing is unsecured, non-interest bearing, and due on demand.

Common Stock

On March 22, 2011, the Company issued 30,000,000 common shares to the President of the Company for management fees valued at $7,500,000, based on the market value of the stock on the date of issuance.

On July 6, 2011, the Company issued 1,000,000 shares to a non-related party to acquire the intellectual property valued at $120,000, based on the market value of the stock on the date of issuance.

On July 22, 2011, the Company issued 500,000 common shares to settle legal fees of $79,000 valued at $350,000, based on the market value of the stock on the date of issuance. This results in a loss on settlement of accounts payable of $271,000.

On August 22, 2011, the Company issued 300,000 common shares to a non-related party for consulting fees valued at $60,000, based on the market value of the stock on the date of issuance.

On September 2, 2011, the Company issued 200,000 common shares to the former Director of the Company for management fees valued at $44,000, based on the market value of the stock on the date of issuance.

As of September 30, 2011, the Company had $180,000 in common shares issuable for 1,500,000 shares issuable to non-related parties for the acquisition of intangible assets. These shares were based on the market value of the stock on the date of issuance.

Subsequent Events

In October 2011, the Company issued 1,200,000 common shares to various non-related parties based on the market value of the stock on the date of issuance for consulting services rendered.

On November 3, 2011, the Company issued 1,000,000 common shares to various non-related parties based on the market value of the stock on the date of issuance for legal services rendered.

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION OR PLAN OF OPERATION

FORWARD-LOOKING STATEMENTS

This Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A) contains forward-looking statements that involve known and unknown risks, significant uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed, or implied, by those forward-looking statements. You can identify forward-looking statements by the use of the words may, will, should, could, expects, plans, anticipates, believes, estimates, predicts, intends, potential, proposed, or continue or the negative of those terms. These statements are only predictions. In evaluating these statements, you should consider various factors which may cause our actual results to differ materially from any forward-looking statements. Although we believe that the exceptions reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Therefore, actual results may differ materially and adversely from those expressed in any forward-looking statements. We undertake no obligation to revise or update publicly any forward-looking statements for any reason.

RESULTS OF OPERATIONS

Working Capital


	September 30,	December 31,
	2011 $	2010 $
Current Assets	1,133	-
Current Liabilities	1,463,331	53,198
Working Capital (Deficit)	(1,439,579)	(53,198)

Cash Flows


	Nine months ended September 30, 2011 $	Nine months ended September 30, 2010 $
Cash Flows from (used in) Operating Activities	(57,874)	(18,089)
Cash Flows from (used in) Financing Activities	59,007	93,105
Net Increase (decrease) in Cash During Period	1,133	75,016

Operating Revenues

During the nine months ended September 30, 2011, the Company earned revenues of $50,000 from sublicensing of its assets compared with $nil for the nine months ended September 30, 2010.

Operating Expenses and Net Loss

Operating expenses for the three months ended September 30, 2011 were $391,680 compared with $6,471 for the three months ended June 30, 2010. The increase in operating expenses was attributed to increases in professional fees of $104,769 relating to accounting and legal costs relating to the Company’s SEC filings and due diligence on potential asset acquisitions, as well as $107,999 in consulting and management fees for consulting costs relating to the acquisition of the assets, amortization expense of $121,735 relating to the amortization of its intangible assets and licenses acquired during the period, and $32,617 of general and administrative costs relating to day-to-day operations as the Company had very limited cash flow for operating expenditures in the prior year.

Operating expenses for the nine months ended September 30, 2011 were $7,986,840 compared with $30,790 for the period from January 5, 2010 (date of inception) to September 30, 2010. The increase was attributed to the fact that the Company issued 30,000,000 common shares with a fair value of $7,500,000 to the President of the Company and overall increases of $139,454 of professional fees relating to legal and accounting services for SEC filings and due diligence of potential asset acquisitions, amortization expense of $121,735 relating to the amortization of its intangible assets and licenses acquired during the period, consulting fees of $75,857 for consulting services relating to the acquisition of the assets, and $52,320 increase in general and administrative costs.

During the nine months ended September 30, 2011, the Company recorded a net loss of $8,234,735 compared with a net loss of $30,790 for the nine months ended September 30, 2010. In addition to the above, the Company incurred $26,895 of interest expense and a loss on settlement of debt of $271,000 from the settlement of outstanding obligations with the issuance of common shares. The Company did not have interest expense or loss on settlement of debt in the prior year period.

Liquidity and Capital Resources

As at September 30, 2011, the Company’s cash balance was $1,133 and total assets were $1,429,398 compared to $nil of cash and total assets as at December 31, 2010. The increase in total assets is attributed to the fact that the Company acquired intangible assets and rights to licenses of $1,428,265 net of amortization expense of $121,735.

As at September 30, 2011, the Company had total liabilities of $1,463,331 compared with total liabilities of $53,198 as at December 31, 2010. The increase in total liabilities is attributed to increases in accounts payable and accrued liabilities of $528,798 due to timing differences between the payment terms of various operating expenditures, $22,328 of amounts owing to related parties, and an increase of $859,007 of additional notes payable that were issued during the period.

As at September 30, 2011, the Company has a working capital deficit of $1,462,198 compared with $53,198 at December 31, 2010 and the increase in the working capital deficit is attributed to the use of existing cash to settle obligations.

Cashflow from Operating Activities

During the nine months ended September 30, 2011, the Company used $57,874 of cash for operating activities compared to the use of $18,089 of cash for operating activities during the period ended September 30, 2010. The increase in the use of cash for operating activities was attributed to the fact that the Company paid for outstanding and current obligations with existing cash raised from debt financing.

Cashflow from Financing Activities

During the nine months ended September 30, 2011, the Company received proceeds of $59,007 from financing activities compared to $93,105 during the period ended June 30, 2010. The decrease in proceeds received were attributed to the fact that the Company received $75,300 from the issuance in common shares during the prior year, as no new common shares for cash were issued during the current year. The proceeds during the nine months ended September 30, 2011 was due to $109,007 received from the issuance of a loan payable offset by the payment of $50,000 to settle outstanding obligations.

Quarterly Developments

None.

Subsequent Developments

None.

Going Concern

We have not attained profitable operations and are dependent upon obtaining financing to pursue any extensive acquisitions and activities. For these reasons, our auditors stated in their report on our audited financial statements that they have substantial doubt that we will be able to continue as a going concern without further financing.

Off-Balance Sheet Arrangements

We have no significant 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 stockholders.

Future Financings

We will continue to rely on equity sales of our common shares in order to continue to fund our business operations. Issuances of additional shares will result in dilution to existing stockholders. There is no assurance that we will achieve any additional sales of the equity securities or arrange for debt or other financing to fund our operations and other activities.

Critical Accounting Policies

Our financial statements and accompanying notes have been prepared in accordance with United States generally accepted accounting principles applied on a consistent basis. The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods.

We regularly evaluate the accounting policies and estimates that we use to prepare our financial statements. A complete summary of these policies is included in the notes to our financial statements. In general, management's estimates are based on historical experience, on information from third party professionals, and on various other assumptions that are believed to be reasonable under the facts and circumstances. Actual results could differ from those estimates made by management.

Recently Issued Accounting Pronouncements

In January 2010, the FASB issued ASU 2010-06 (“ASU No. 2010-06”), “Improving Disclosures about Fair Value Measurements.” ASU No. 2010-06 amends FASB Accounting Standards Codification (“ASC”) 820 and clarifies and provides additional disclosure requirements related to recurring and non-recurring fair value measurements and employers’ disclosures about postretirement benefit plan assets. This ASU is effective for interim and annual reporting periods beginning after December 15, 2009. The Company’s adoption of provisions of ASU No. 2010-06 did not have a material effect on the financial position, results of operations or cash flows of the Company.

In January 2010, the FASB issued an amendment to ASC Topic 505, “Equity”, where entities that declare dividends to shareholders that may be paid in cash or shares at the election of the shareholders are considered to be a share issuance that is reflected prospectively in EPS, and is not accounted for as a stock dividend. This standard is effective for interim and annual periods ending on or after December 15, 2009 and is to be applied on a retrospective basis. The Company’s adoption of the amendment to ASC Topic 505 did not have a material effect on the financial position, results of operations or cash flows of the Company.

In January 2010, the FASB issued an amendment to ASC Topic 820, “Fair Value Measurements and Disclosure”, to require reporting entities to separately disclose the amounts and business rationale for significant transfers in and out of Level 1 and Level 2 fair value measurements and separately present information regarding purchase, sale, issuance, and settlement of Level 3 fair value measures on a gross basis. This standard, for which the Company is currently assessing the impact, is effective for interim and annual reporting periods beginning after December 15, 2009 with the exception of disclosures regarding the purchase, sale, issuance, and settlement of Level 3 fair value measures which are effective for fiscal years beginning after December 15, 2010. The Company’s adoption of the amendment to ASC Topic 820 did not have a material effect on the financial position, results of operations or cash flows of the Company.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

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

ITEM 4. CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures

Disclosure controls and procedures are controls and procedures that are designed to ensure that information required to be disclosed in our reports filed 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 our company in the reports that it files or submits under the Exchange Act is accumulated and communicated to our management, including its principal executive and principal financial officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure. Our management carried out an evaluation under the supervision and with the participation of our Principal Executive Officer and Principal Financial Officer, of the effectiveness of the design and operation of our disclosure controls and procedures pursuant to Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934 ("Exchange Act"). Based upon that evaluation, our Principal Executive Officer and Principal Financial Officer have concluded that our disclosure controls and procedures were not effective as of June 30, 2011, due to the material weaknesses resulting from the Board of Directors not currently having any independent members and no director qualifies as an audit committee financial expert as defined in Item 407(d)(5)(ii) of Regulation S-K, and controls were not designed and in place to ensure that all disclosures required were originally addressed in our financial statements. Please refer to our Annual Report on Form 10-K as filed with the SEC on March 29, 2011, for a complete discussion relating to the foregoing evaluation of Disclosures and Procedures.

Changes in Internal Control over Financial Reporting

Our management has also evaluated our internal control over financial reporting, and there have been no significant changes in our internal controls or in other factors that could significantly affect those controls subsequent to the date of our last evaluation.

The Company is not required by current SEC rules to include, and does not include, an auditor's attestation report. The Company's registered public accounting firm has not attested to Management's reports on the Company's internal control over financial reporting.

PART II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

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

ITEM 1A. RISK FACTORS

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

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

1. Quarterly Issuances:

On July 6, 2011, the Company issued 1,000,000 shares to a non-related party to acquire the intellectual property valued at $120,000, based on the market value of the stock on the date of issuance.

On August 22, 2011, the Company issued 300,000 common shares to a non-related party for consulting fees valued at $60,000, based on the market value of the stock on the date of issuance.

2. Subsequent Issuances:

In October 2011, the Company issued 1,200,000 common shares to various non-related parties based on the market value of the stock on the date of issuance for consulting services rendered.

On November 3, 2011, the Company issued 1,000,000 common shares to various non-related parties based on the market value of the stock on the date of issuance for legal services rendered.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None.

ITEM 4. [REMOVED AND RESERVED]

ITEM 5. OTHER INFORMATION

None.

ITEM 6. EXHIBITS



Exhibit Number	Description	Filed
3.01	Articles of Incorporation	Filed with the SEC on May 4, 2010 as part of our Registration Statement on Form S-1.
3.01(a)	Amended and Restated Certificate of Incorporation	Filed with the SEC on December 23, 2010 as part of our Current Report on Form 8-K.
3.02	Bylaws	Filed with the SEC on May 4, 2010 as part of our Registration Statement on Form S-1.
4.01	2011 Equity Incentive Plan dated July 21, 2011	Filed with the SEC on July 22, 2011 as part of our Registration Statement on Form S-8.
4.02	Sample Stock Option Agreement	Filed with the SEC on July 22, 2011 as part of our Registration Statement on Form S-8.
4.03	Sample Stock Award Agreement For Stock Units	Filed with the SEC on July 22, 2011 as part of our Registration Statement on Form S-8.
4.04	Sample Stock Award Agreement For Restricted Stock	Filed with the SEC on July 22, 2011 as part of our Registration Statement on Form S-8.
10.01	Form of Subscription Agreement	Filed with the SEC on May 4, 2010 as part of our Registration Statement on Form S-1.
10.02	Patent Sales Agreement between the Company and David Galosky dated February 8, 2010	Filed with the SEC on May 4, 2010 as part of our Registration Statement on Form S-1.
10.03	Employment Agreement between the Company and Fernando Londe dated March 22, 2011.	Filed with the SEC on March 24, 2011 as part of our Current Report on Form 8-K.
10.04	Asset Purchase Agreement by and among the Company, Impact Technologies Inc. and Swebby Inc. dated June 27, 2011	Filed with the SEC on July 7, 2011 as part of our Amended Current Report on Form 8-K/A.
10.05	Asset Purchase Agreement by and among the Company, Impact Technologies Inc. and Blackswan Inventions Inc. dated July 5, 2011	Filed with the SEC on July 7, 2011 as part of our Amended Current Report on Form 8-K/A.
10.06	Asset Purchase Agreement by and among the Company, Impact Technologies Inc. and Banyan Tech Ventures Inc. dated July 5, 2011	Filed with the SEC on July 7, 2011 as part of our Amended Current Report on Form 8-K/A.
14.01	Code of Ethics	Filed with the SEC on March 29, 2011 as part of our Annual Report on Form 10-K.
16.01	Letter from Former Accountant Weinberg & Baer LLC, dated November 16, 2010	Filed with the SEC on November 17, 2010 as part of our Current Report on Form 8-K.
31.01	Certification of Principal Executive Officer Pursuant to Rule 13a-14	Filed herewith.
31.02	Certification of Principal Financial Officer Pursuant to Rule 13a-14	Filed herewith.
32.01	CEO and CFO Certification Pursuant to Section 906 of the Sarbanes-Oxley Act	Filed herewith.

SIGNATURES

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


		DIGAGOGO VENTURES CORP.

Dated: November 21, 2011		/s/ Fernando Londe
		FERNANDO LONDE
		Its: Chief Executive Officer, Chief Financial Officer, Secretary and Treasurer

Dated: November 21, 2011		/s/ Terry Arnold
		TERRY ARNOLD
		Its: President

In accordance with the Exchange Act, this report has been signed below by the following persons on behalf of the Company and in the capacities and on the dates indicated.


Dated: November 21, 2011	/s/ Fernando Londe
	By: Fernando Londe Its: Director

Dated: November 21, 2011	/s/ Terry Arnold
	By: Terry Arnold Its: Director

DIGAGOGO VENTURES CORP 10-Q