UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-K

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

~~ANNUAL~~For ~~REPORT~~the ~~PURSUANT~~fiscal TOyear ~~SECTION~~ended 13March OR31, ~~15(d) OF THE SECURITIES EXCHANGE ACT OF 1934~~2016

~~For~~Commission ~~the~~file ~~fiscal~~number ~~year ended March 31, 2015~~333-175146

orNEXGEN APPLIED SOLUTIONS INC.

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

For the transition period from ____________ to ____________

Commission File Number: 333-139482

Indie Growers Association

(Exact name of registrant as specified in its charter)

Nevada	98-0492900
NEVADA		98-0492900
(State or other jurisdiction of incorporation or organization)	(IRS Employer Identification Number)
(State or Other Jurisdiction of Incorporation of Organization)		(I.R.S. Employer Identification No.)

311 Division ~~St. Carson City, NV 89703~~Street

~~(Address~~Carson ofCity, ~~principal~~NV ~~executive offices)(Zip code)~~89703

(Address of principal executive offices)

888-648-0488

(Registrant’s telephone number, including area code)

Securities registered ~~pursuant~~under to Section 12(b) of the Exchange Act: - None

Securities registered ~~pursuant~~under to Section 12(g) of the Exchange Act: - Common Stock~~, $0.001 par value~~

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes . No X .

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes . No X .

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~~if ~~the~~disclosure ~~registrant~~of ~~has~~delinquent ~~submitted~~filers ~~electronically~~pursuant ~~and~~to ~~posted~~Item on405 ~~its~~of ~~corporate~~Regulation ~~Web~~S-K ~~site,~~(§ if229.405 ~~any,~~of ~~every~~this ~~Interactive~~chapter) ~~Data~~is ~~File~~not ~~required~~contained toherein, beand ~~submitted~~will ~~and~~not ~~posted~~be ~~pursuant~~contained, to ~~Rule~~the ~~405~~best of ~~Regulation~~registrant’s ~~S-T~~knowledge, ~~(§232.405~~in ofdefinitive ~~this~~proxy ~~chapter)~~or ~~during~~information ~~the~~statements ~~preceding~~incorporated 12by ~~months~~reference ~~(or~~in ~~for~~Part ~~such~~III ~~shorter~~of ~~period~~this ~~that~~Form ~~the~~10-K ~~registrant~~or ~~was~~any ~~required~~amendment to ~~submit~~this ~~and~~Form ~~post files)~~10-K. ~~Yes X . No~~ .

Indicate by check mark ifwhether ~~disclosure~~the ofregistrant ~~delinquent~~is ~~filers~~a ~~pursuant~~large toaccelerated ~~Item~~filer, ~~405~~an ofaccelerated ~~Regulation~~filer, Sa non-Kaccelerated ~~is not contained herein~~filer, ~~and~~or ~~will~~a ~~not~~smaller bereporting ~~contained,~~company. toSee the ~~best~~definition of ~~the~~“large ~~registrant's~~accelerated ~~knowledge,~~filer” inand ~~definitive~~“accelerated ~~proxy~~filer” orand ~~information~~“smaller ~~statements~~reporting ~~incorporated~~company” ~~by reference~~ in ~~Part~~Rule ~~III~~12b-2 of ~~this~~the ~~Form~~Exchange ~~10-K~~Act. or(Check ~~any amendment to this Form 10-K. .~~one):

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

Large accelerated filer . Accelerated filer . Non-accelerated filer . Smaller reporting company X .

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

~~State~~Aggregate ~~the aggregate~~ market value of the voting and non-voting ~~common~~stock ~~equity~~of the registrant held by non-affiliates ~~computed~~of ~~by reference to~~ the ~~price~~registrant atas ~~which the common equity was last sold, or the average bid and asked price~~ of ~~such~~August ~~common equity~~24, ~~as of the last business day of the registrant’s most recently completed fiscal quarter~~2016: $244,525

As of ~~June~~August 3024, ~~2015~~2016, ~~based on~~ the ~~last reported closing price of $0.34 for the Company~~registrant’s ~~common~~outstanding stock onconsisted ~~the OTC Bulletin Board interdealer quotation system on that date, the aggregate market value~~ of ~~the approximately 65~~52,~~160~~633,~~437~~027 ~~shares~~common ~~held by non-affiliates was $22,154,549~~shares.

~~The number of shares outstanding of the registrant’s common stock, as of July 14, 2015, is 140,881,967.~~1

List hereunder the following documents if incorporated by reference and the Part of the Form 10-K ( e.g., Part I, Part II, etc.) into which the document is incorporated: (1) Any annual report to security holders; (2) Any proxy or information statement; and (3) Any prospectus filed pursuant to Rule 424(b) or (c) under the Securities Act of 1933. The listed documents should be clearly described for identification purposes:

None.

Table of Contents to Annual Report on Form 10-K

For the Fiscal Year Ended March 31, ~~2015~~2016

		Page Number
	PART I
ITEM 1.	BUSINESS	43
ITEM 1A.	RISK FACTORS	5
ITEM 1B.	UNRESOLVED STAFF COMMENTS	5
ITEM 2.	PROPERTIES	5
ITEM 3.	LEGAL PROCEEDINGS	58
ITEM 4.	MINE SAFETY DISCLOSURES	68
	PART II
ITEM 5.	MARKET FOR REGISTRANT’S COMMON EQUITY RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES	69
ITEM 6.	SELECTED FINANCIAL DATA	710
ITEM 7.	MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS	710
ITEM 7A.	QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK	912
ITEM 8.	FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA	912
ITEM 9.	CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE	1013
ITEM 9A.	CONTROLS AND PROCEDURES	1013
ITEM 9B.	OTHER INFORMATION	1014
	PART III
ITEM 10.	DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE	1214
ITEM 11.	EXECUTIVE COMPENSATION	1415
ITEM 12.	SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS	1516
ITEM 13.	CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE	1517
ITEM 14.	PRINCIPAL ACCOUNTING FEES AND SERVICES	1617
	PART IV
ITEM 15.	EXHIBITS	1618

PART I

FORWARD-LOOKING STATEMENTS

This Annual Report on Form 10-K contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The forward-looking statements are only predictions and provide our current expectations or forecasts of future events and financial performance and may be identified by the use of forward-looking terminology, including the terms “believes,” “estimates,” “anticipates,” “expects,” “plans,” “intends,” “may,” “will” or “should” or, in each case, their negative, or other variations or comparable terminology, though the absence of these words does not necessarily mean that a statement is not forward-looking. Forward-looking statements include all matters that are not historical facts and include, without limitation statements concerning: our business strategy, outlook, objectives, future milestones, plans, intentions, goals, and future financial condition, including the period of time for which our existing resources will enable us to fund our operations.

We intend that all forward-looking statements be subject to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to many risks and uncertainties that could cause actual results to differ materially from any future results expressed or implied by the forward-looking statements. We caution you therefore against relying on any of these forward-looking statements. They are neither statements of historical fact nor guarantees or assurances of future performance.

The forward-looking statements contained in this Report or the documents incorporated by reference herein speak only of their respective dates. Factors or events that could cause our actual results to differ may emerge from time to time and it is not possible for us to predict them all. Except to the extent required by applicable laws, rules or regulations, we do not undertake any obligation to publicly update any forward-looking statements or to publicly announce revisions to any of the forward-looking statements, whether as a result of new information, future events or otherwise.

ITEM 1 - BUSINESS

~~Company~~(i) Principal ~~Overview~~products or services and their markets;

~~Indie~~Nexgen ~~Growers~~Applied ~~Association~~Solutions Inc. ("~~Indie Growers~~Nexgen" or the "Company") was organized under the laws of the State of Nevada on March 24, 2006. toThe ~~explore~~company was originally organized for the purpose of acquiring and developing mineral ~~properties~~claims in(SIC ~~North~~Code: ~~America~~1000). OnHowever, on April 14, 2014, the Company completed ~~its~~a name change from Viking Minerals Inc. to ~~Indie~~Nexgen ~~Growers~~Applied ~~Association~~Solutions Inc. to pursue business opportunities in agriculture, specifically supporting the cannabis industry production. On June 30, 2014, the company acquired River Ridge Sunshine Farms LLC, a Washington State corporation, which holds a lease on 40 acres of agricultural land in Benton County, Washington. The company intends to develop the land for the purpose of subleasing the land and agricultural buildings to licensed cannabis producers (SIC Code: 6519) in Washington State.

~~The company was originally organized for the purpose of acquiring and developing mineral claims~~ (~~SIC Code: 1000~~ii)~~. On~~ Distribution methods ~~June 30, 2014, the company acquired River Ridge Sunshine Farms LLC, a Washington State corporation, and in so doing, changed its business to that~~ of ~~real~~ ~~estate development for~~ the ~~purpose~~products ofor ~~leasing land and agricultural buildings to licensed cannabis producers (SIC Code: 5319).~~ services;

~~Our~~Not auditors have issued a going concern opinion, raising substantial doubt about our financial prospects and the Company's ability to continue as a going concern. The Company is attempting to generate sufficient revenues from rental income as well as raise additional funds by way of a public or private offering. While the Company believes in the viability of its strategy to increase revenues and in its ability to raise additional funds, there can be no assurances to that effect. applicable

~~Competition~~(iii) Status of any publicly announced new product or service;

Not applicable

(iv) Competitive business conditions and the smaller reporting company's competitive position in the industry and methods of competition;

Currently we are engaged in the business of leasing land and buildings to licensed cannabis producers in the state of Washington who don’t have the financial resources to purchase land and build their own greenhouses. There are other public and private companies which compete with us in this area. However, we believe that our principal competitive advantage is our location in Benton County, one of the most fertile regions in the state.

The recent growth in the industry, particularly in Washington, has attracted many businesses trying to enter the market. Some of our competitors have greater capital resources and facilities which may enable them to compete more effectively in this market by offering more attractive terms. Due to this competition, there is no assurance that we will not encounter difficulties in generating revenues. If we are unable to successfully compete with existing companies and new entrants to the market, this will have a negative impact on our business and financial condition.

~~Employees~~(v) Sources and availability of raw materials and the names of principal suppliers;

OnNot ~~March 31, 2015, the company had three employees: our director, Robert Coleridge, our Chief Operating Officer, Ricardo Esparza, and Mr. Esparza’s daughter, Natasha Esparza.~~ applicable

~~Regulatory~~(vi) Dependence ~~Considerations~~on one or a few major customers;

~~Under~~Currently ~~federal~~we ~~law,~~have itonly one tenant leasing from us. Our revenue is ~~illegal~~generated solely from the rent paid by this client so we are dependent on the success of our tenant in order to ~~possess,~~generate ~~use~~revenue. The product could suffer mold or mildew during any stage of the production cycle from planting, ~~buy~~growing, ~~sell~~harvesting, orand ~~cultivate~~drying. ~~marijuana~~Furthermore, ~~since~~the product could fail the ~~Controlled~~ ~~Substances~~State ~~Act~~mandated tests for any number of ~~1970 classifies~~reasons. ~~marijuana~~Any asof ~~a Schedule~~these Isituations ~~drug~~would render the product unsellable. Until the product is sold by our tenant, ~~claiming~~our ittenant ~~has~~is aunlikely ~~high~~to ~~potential~~have ~~for~~sufficient ~~abuse~~financial ~~and~~resources ~~has~~to nomeet ~~acceptable~~the ~~medical~~obligations ~~use~~of their lease.

(vii) Patents, trademarks, licenses, franchises, concessions, royalty agreements or labor contracts, including duration;

Not applicable

(viii) Need for any government approval of principal products or services.

Not applicable

(ix) Effect of existing or probable governmental regulations on the business;

Under federal law, it is illegal to possess, use, buy, sell, or cultivate marijuana, since the Controlled Substances Act of 1970 classifies marijuana as a Schedule I drug, claiming it has a high potential for abuse and has no acceptable medical use. This means that Congress has determined that marijuana is a dangerous drug and that the illegal distribution and sale of marijuana is a serious crime.

In November 2012, voters in Washington approved the legalization of non-medical use of cannabis, however under the Supremacy Clause of the United States Constitution, federal law pre-empts conflicting state laws. Therefore, the company is operating in an industry that walks the line between what is legal in the state and illegal federally.

The majority of the states across the US have created exemptions for medical cannabis use, as well as decriminalized non-medical cannabis use and the rest of the states are expected to follow. However, multiple efforts to ~~reschedule~~remove cannabis from under the federal Controlled Substances Act have so far been unsuccessful. This means there exists a clear conflict between Federal and state law which has yet to be resolved.

Although weWashington ~~are~~has ~~compliant~~enacted ~~with~~voter ~~state~~initiated ~~and~~measures ~~local~~to ~~laws~~allow ~~and~~for ~~regulations,~~the wepersonal ~~cannot~~use ~~predict~~of ~~what~~small ~~may~~amounts ~~happen~~of incannabis ~~the~~by ~~future~~its citizens, ~~especially~~the ifState ~~federal~~has ~~lawmakers~~been ~~put~~very ~~pressure~~clear onto ~~the~~remind ~~states~~its tocitizens ~~amend~~that ~~their~~cannabis ~~laws.~~is currently illegal under federal law and classified as a Class I Controlled Substance.

Since the Company only leases land and infrastructure to cannabis producers, we are not directly involved in the production, processing, or distribution of illegal products. However, our operations clearly support such activities so we could be deemed to facilitate the selling or distribution of such products and therefore be in violation of the federal Controlled Substances Act anyway or, at the very least, considered to be aiding or abetting, or being an accessory to, a violation of that Act.

Should the federal government decide to override the state regulations and enforce the Controlled Substance Act, our land and buildings could be seized under civil forfeiture regulations for our involvement, albeit indirectly, in illegal activities. However, even if they did not seize our property, they could seize or destroy our tenant’s crop before they can sell it hampering their ability to meet their lease obligations.

Changes in the laws or enforcement of such laws, especially in light of the upcoming federal election, could have a material adverse effect on our business and financial condition. However, such changes or their impact are impossible to predict.

(x) Estimate of the amount spent during each of the last two fiscal years on research and development activities, and if applicable, the extent to which the cost of such activities is borne directly by customers;

Not applicable

(xi) Costs and effects of compliance with environmental laws (federal, state and local); and

Not applicable

(xii) Number of total employees and number of full-time employees

On March 31, 2016, the company had one employee: our director, Robert Coleridge

ITEM 1A - RISK FACTORS

As a smaller reporting company we are not required to provide this information.

ITEM 1B - UNRESOLVED STAFF COMMENTS

~~In March 2015, we received a letter from the Securities and Exchange Commission with comments related to our acquisition of River Ridge Sunshine Farms LLC which are summarized as follows:~~None.

We no longer met the criteria of Rule 3-11 of Regulation S-X and, accordingly, audited financial statements of River Ridge Sunshine Farms LLC were required to have been filed 75 days after the date of the acquisition.

Since we no longer met the criteria of Rule 3-11 of Regulation S-X, the interim financial statements included in the Forms 10-Q for each of the quarters ended June 30, 2014, September 30, 2014, and December 31, 2014 were required to be reviewed by an independent accountant.

We agree with above comments and will make every reasonable effort to remedy the above issues within the next 30 to 60 days.

ITEM 2 - PROPERTIES

On June 30, 2014, the Company acquired River Ridge Sunshine Farms LLC, a Washington state corporation in exchange for 62,000,000 shares. The ~~market~~acquisition ~~value~~was ofvalued ~~the~~at ~~Company’s~~$51,482,197, ~~shares~~which onis the ~~July~~closing ~~15,~~market ~~2014,~~value ~~the~~of ~~date~~ the shares ~~were~~of ~~issued, was~~ $0.6883 per share ~~thereby~~on ~~valuing~~June ~~the~~30, ~~acquisition~~2014, atplus $4222,~~160~~197,~~000. River~~ ~~Ridge~~which ~~Sunshine~~is ~~Farms~~the ~~LLC~~net ~~holds~~book avalue 10of ~~year~~the ~~lease~~assets onand aliabilities 40of ~~acre~~River ~~property~~Ridge ~~which~~Sunshine ~~will~~Farms beon ~~subleased~~the toacquisition ~~licensed~~date. ~~cannabis~~River ~~producers. One~~Ridge ~~3.86~~Sunshine ~~acre~~Farms ~~parcel~~LLC ~~has~~holds ~~been~~a ~~subleased~~10 byyear ~~Fourdub~~lease ~~LLC,~~on a ~~licensed~~40 ~~Tier~~acre ~~3 Producer~~property.

The property is located in Benton County in the south-central portion of the state of Washington (see Figure 1). This region is known primarily for agricultural, in particular as a successful wine region because of its unique microclimates and soil conditions. Yakima Valley, where our property is located, was the first American Viticultural Area established within Washington State, gaining recognition in 1983.

[f10k033116_10k001.jpg]

Figure 1: Map of Washington State highlighting Benton County

The 40 acre property is owned by our former Chief Operations Officer, Ricardo Esparza, who has leased it to our subsidiary for a nominal monthly fee. The principal terms of the lease agreement are as follows:

10 year initial term, renewable for an unlimited number of subsequent 10 year terms at rates to be negotiated; and

$1,000 per month, payable to Mr. Esparza, for each parcel subleased to licensed cannabis producers.

Thus far, our subsidiary has subleased one 3.86 acre parcel at 22604 Hosko Road in the city of Prosser to Fourdub LLC, a licensed Tier 3 Producer.

[f10k033116_10k002.jpg]

Figure 2: Leased Land Parcels (Subleased parcel highlighted)

The original terms of the sublease agreement were as follows:

5 year initial term, renewable for an unlimited number of subsequent 5 year terms at rates to be negotiated;

$2.50 per square foot per month for 21,000 square feet of garden canopy based on existing improvements and outdoor growing;

Upon completion of greenhouse construction of suitable size to accommodate year round indoor growing, rent will increase to $9.52 per square foot per month for 21,000 square feet of garden canopy;

If the Company fails to complete the greenhouse construction, the tenant may terminate the lease, without penalty, before the end of the initial term; and

Payment of rent was deferred until November 1, 2015 to allow time for tenant to harvest and sell their first crop.

The existing subleased parcel currently includes perimeter fencing, security cameras, septic system, water supply, two small greenhouses, and an administration/warehouse building. The large open space within the fenced area is used for growing crops outdoors (see Figures 3, 4 & 5 on following page). Construction of a large greenhouse, as contemplated by the sublease agreement summarized above, has not commenced as we are still seeking financing. In addition, we will be seeking legal advice to determine the impact, if any, of recent zoning changes within the county.

In the 2015 growing season, the tenant’s crop yield was lower than expected and prices had dropped such that the tenant was unable to meet their lease commitments. The Company decided to waive rent for that season and, effective May 1, 2016, the terms of the lease were modified as follows:

$0.63 per square feet of garden canopy;

Minimum payment of $3,000 per month towards the lease with the balance accruing until the tenant sells their crop;

Tenant pays for all utilities and ground maintenance at the property.

The addendum to the sublease agreement is attached to this Annual Report as Exhibit 10-4.

[f10k033116_10k003.jpg]

ITEM 3 - LEGAL PROCEEDINGS

WeOn ~~are~~February ~~not~~29, ~~aware~~2016, the Company reported that it had entered into a share exchange agreement to acquire 100% of ~~any~~the ~~pending~~outstanding orshares ~~threatened~~of ~~legal~~Teascom ~~actions~~UK Limited (“Teascom”). The acquisition was expected to ~~which~~close weon ~~are~~April 15, 2016. On April 7, 2016, Secure Channels Inc. (the “Plaintiff”) filed a ~~party~~complaint orin the Superior Court of ~~which~~California ~~our~~alleging ~~property~~that isTeascom was in breach of a contract over the ~~subject~~Plaintiff’s ~~that~~planned ~~would~~use of the intellectual property owned by Teascom. A hearing on this matter was held on April 11, if2016. ~~determined~~The ~~adversely~~court dismissed the lawsuit but granted leave for the Plaintiff to ~~us,~~amend ~~have~~their acomplaint ~~material~~and ~~adverse~~re-file. ~~effect~~With onthe ~~our~~uncertainty ~~business~~surrounding the lawsuit, the Company and ~~operations~~Teascom mutually agreed to terminate the share exchange agreement effective April 13, 2016.

Even with the termination of the share exchange agreement, the Plaintiff amended and refiled the lawsuit on April 23, 2016, specifically alleging that the Company and Robert Coleridge conspired with Teascom to breach the Plaintiff’s contract with Teascom. The matter was heard on July 11, 2016 before the Orange County Superior Court of California which granted our motion to quash.

We are not aware of any other pending or threatened legal actions to which we are a party or of which our property is the subject that would, if determined adversely to us, have a material adverse effect on our business and operations.

We have from time to time been involved in disputes and proceedings arising in the ordinary course of business. In addition, as a public company, we are also potentially susceptible to litigation, such as claims asserting violations of securities laws. Any such claims, with or without merit, if not resolved, could be time-consuming and result in costly litigation. There can be no assurance that an adverse result in any future proceeding would not have a potentially material adverse effect on our business, results of operations or financial condition.

ITEM 4 - MINE SAFETY DISCLOSURES

Not applicable.

PART II

ITEM 5 - MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

Market Information

Our common stock is quoted on the OTC Markets Group, Inc.’s OTCQB tier under the symbol “~~UPOT~~NEXG.” The following is a summary of the high and low closing bid prices of our common stock for the periods indicated, as reported by the OTC Markets Group, Inc. The quotations reflect inter-dealer prices, without retail mark-up, mark-down or commissions and may not necessarily represent actual transactions.

	High		Low	~~Low~~
Year ended March 31, 2015
Year ended March 31, 2016
First Quarter	$	1050.2500	$	$18.07	~~0.81~~
Second Quarter	$	133.0997	$	$10.00	~~0.45~~
Third Quarter	$	118.00	$	$1.10	~~0.35~~
Fourth Quarter	$	04.6347	$	$1.00	~~0.15~~
Year ended March 31, 2016
First Quarter	$	0.50		$	0.18

The share prices above reflect our 1-for-~~200~~100 stock consolidation effective April 151, ~~2014~~2016.

On ~~June~~August 3017, ~~2015~~2016, the closing bid price on the OTC Markets Group, Inc.’s OTCQB tier for our common stock was $0.3410.

Stockholders

As of March 31, ~~2015~~2016, we had approximately 3233 shareholders of record and ~~140~~2,~~881~~633,~~967~~027 shares of common stock outstanding.

Dividends

We have not declared or paid any cash dividends on our capital stock in our history as a public company. We currently intend to retain all future earnings to finance our business and do not anticipate paying cash or other dividends on our common stock in the foreseeable future.

Transfer Agent

Our transfer agent is ~~Pacific Stock Transfer located at 6725 Via Austi Pkwy, Suite 300 Las Vegas, NV 89119. Tel~~: ~~(702)~~ ~~361-3033, Fax: (702) 433-1979.~~

Action Stock Transfer Corporation
2469 E. Fort Union Blvd., Suite 214
Salt Lake City, UT 84121

Telephone: (801) 274-1088
Fax: (801) 274-1099

Purchases of Equity Securities by the Issuer and Affiliated Purchasers

None.

Recent Sales of Unregistered Equity Securities

During the year ended March 31, ~~2015~~2016, we issued a total of ~~139~~1,~~772~~227,~~222~~778 shares of our common stock as follows:

Date of Issue	Purpose	Shares		Value
Effective Date	Purpose		Shares	Value
May 2, 2014	Director’s fees1		13,222,222	$ 31,072,222
January 13, 2016	Director’s fees1		77,778	$ 233,333
May 14, 2014	Conversion of debt2	2,000,000		2,000
February 16, 2016	Conversion of debt2		1,150,000	115,000
July 15, 2014	Acquisition of subsidiary3	62,000,000		42,160,000
Total			1,227,778	$ 347,333
August 14, 2014	Conversion of debt2	62,500,000		62,500
Total		139,722,222		$ 73,296,722

Notes:

1. ~~Value based on the closing market price of $2.35 per share on the issue date~~

2. Value based on ~~par~~the ~~value~~closing market price of $03.~~001~~00 per share ason ~~per~~the ~~convertible~~issue ~~debt agreement~~date

32. ~~Value based on the closing market price of $0.68 per share on the issue date~~

InValue ~~connection~~based ~~with~~on ~~the~~par ~~above~~value ~~stock~~of ~~issuances, we did not pay any underwriting discounts or commissions~~$0.001 ~~None~~per ofshare ~~the~~as ~~sales~~per ~~of securities described or referred to above was registered under~~ the ~~Securities~~convertible ~~Act~~debt ofagreement ~~1933,~~(value ascalculated ~~amended~~on (the ~~“Securities~~pre ~~Act”).~~reverse Wesplit orshare ~~one~~issuance of ~~our affiliates had a prior business relationship with each of the purchasers~~115, ~~and no general solicitation or advertising was used in connection with the sales. In making the sales without registration under the Securities Act~~000,000 ~~we relied upon the exemption from registration contained in Section 4(2~~shares) ~~of the Securities Act.~~

In connection with the above stock issuances, we did not pay any underwriting discounts or commissions. None of the sales of securities described or referred to above was registered under the Securities Act of 1933, as amended (the “Securities Act”). No general solicitation or advertising was used in connection with the sales. In making the sales without registration under the Securities Act, we relied upon the exemption from registration contained in Section 4(2) of the Securities Act.

ITEM 6 - SELECTED FINANCIAL DATA

As a smaller reporting company we are not required to provide this information.

ITEM 7 - MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Certain statements set forth below under this caption constitute forward-looking statements. See “Forward-Looking Statements” preceding Item 1 of this Annual Report on Form 10-K for additional factors relating to such statements.

You should read the following discussion and analysis of financial condition and results of operations in conjunction with the consolidated financial statements and related notes appearing elsewhere in this Report.

Overview

~~Indie~~Nexgen ~~Growers~~Applied ~~Association~~Solutions Inc. ("~~Indie Growers~~Nexgen" or the "Company") was organized under the laws of the State of Nevada on March 24, 2006 to explore mineral properties in North America on April 14, 2014 the Company completed its name change from Viking Minerals Inc. to ~~Indie~~Nexgen ~~Growers~~Applied ~~Association~~Solutions Inc..

The company was originally organized for the purpose of acquiring and developing mineral claims (SIC Code: 1000). On June 30, 2014, the company acquired River Ridge Sunshine Farms LLC, a Washington State corporation, and in so doing, changed its business to that of real estate development for the purpose of leasing land and agricultural buildings to licensed cannabis producers ~~(SIC Code: 5319)~~.

Results of Operations

The Year Ended March 31, ~~2015~~2016 Compared to the Year Ended March 31, ~~2014~~2015

Revenues

The company had ~~originally~~ recorded rental income of $~~116~~410,~~982~~000 from athe tenant on the property. However, the payment of rent was ~~contingent~~deferred onuntil the tenant ~~receiving~~was aable ~~license~~to ~~from~~harvest ~~the Washington State Liquor~~ and ~~Cannabis~~sell ~~Control~~their ~~Board~~crops. ~~The~~ ~~tenant~~Unfortunately, ~~was~~the ~~ultimately~~yield ~~denied~~was alower ~~license~~than expected and ~~agreed~~prices todropped ~~vacate~~such that the ~~property~~tenant ~~before~~was ~~the~~unable ~~expiration~~to ofmeet ~~the~~their ~~ten~~financial ~~year~~agreements under the lease ~~term~~the agreement. Therefore, noall ~~revenue~~reported rental income has been ~~recorded~~offset by a bad debt allowance such that no income was earned in either year.

Land Lease

The company leases land from our former Chief Operating Office for $1000 per month and subleases it to a licensed cannabis ~~growers~~grower. For the year ending March 31, 2015, the company had accrued 9 months of lease payments starting in July 2014 asand a12 ~~result~~months of ~~the acquisition of River Ridge Sunshine Farms. There was no land under~~ lease inpayments for the year ~~ending~~ended March 31, ~~2014~~2016.

Management Fees

The Company incurred $31233,~~102,182~~333 in management fees in the year ending March 31, ~~2015~~2016 compared to $9631,~~250~~102,182 in the prior year. The ~~majority of the~~ management fees were almost entirely stock based so(with the exception of $29,960 in cash for the fiscal year ended March 31, 2015). The difference between the two years can be attributed to the difference in the ~~market~~number ~~value~~ of shares issued and the ~~stock~~applicable ~~based~~market ~~portion~~value of the ~~fees~~stock on the date of issuance as follows:

Year ending	# of shares issued	Issue date	~~Market~~Effective market price per ~~share~~share1	Value
March 31, 2014	11,208,333	8/7/2013	$ 0.006	$67,250
March 31, 2015	132,222	5/2/2014	$ 235.00	$31,072,222
March 31, 2015	13,222,222	5/2/2014	$ 2.35	$31,072,222
March 31, 2016	77,778	1/13/2016	$ 3.00	$ 233,333

Note 1: The effective market price includes the effect of the 1-for-100 reverse stock split

General and Administrative Expenses

General and administrative expenses (“G&A”) were $5837,~~072~~986 and $1251,~~592~~660 for the years ended March 31, ~~2015~~2016 and ~~2014~~2015, respectively. The ~~increase~~decrease in general and administrative expenses was due to ~~the~~an ~~new~~overall ~~business~~decrease wein ~~entered~~operating ~~into~~expenses ~~after~~now that the ~~acquisition~~construction ofis ~~our~~completed ~~subsidiary,~~and ~~including~~the atenant ~~significant~~in ~~construction~~occupying ~~project~~the property.

For the year ended March 31, ~~2015~~2016, our G&A consisted of ~~$5000 of advertising and promotion,~~ automobile expenses of $52,~~616~~244, ~~equipment~~insurance ~~rental~~ of $2,~~230~~568, ~~insurance~~transfer agent fees of $28,~~147~~661, ~~office~~EDGAR ~~expenses~~fees of $27,~~199~~812, asecurity ~~settlement~~fees ~~with our former tenant~~ of $147,~~000~~796, ~~fees~~telephone ~~paid~~expenses ~~to OTC Markets~~ of $73,~~500~~208, and numerous other minor administrative costs.

Interest Expense

During the year ended March 31, ~~2015~~2016, we recorded interest expenses of $~~450~~132,~~285~~737 compared to $76450,~~180~~285 in the prior period. This ~~increase~~decrease is is attributable ~~entirely~~ to the ~~increase~~conversion inof ~~convertible~~some ~~debt~~of ~~financing~~our ~~received~~debt byto ~~the company and the beneficial conversion factor of these financings~~equity.

Professional Fees

During the year ended March 31, ~~2015~~2016, we incurred professional fees of $2446,~~530~~473 compared to $2317,~~112~~530 in the prior period. However, wethis ~~expect~~increase ~~this~~is attributable to an increase ~~significantly~~in asaccounting ~~the~~fees ~~company~~related ~~addresses~~to ~~the~~updating our annual reports in response to comments from the Securities and Exchange Commission ~~summarized earlier in this report~~.

Repairs and maintenance

During the year ended March 31, ~~2015~~2016, weour ~~incurred~~ repairs and maintenance costs ofwere $135,~~364~~473 compared to $~~nil~~5,774 in the prior period. ~~The increase was due to the construction project undertaken as part of the acquisition of our subsidiary.~~

Non-operating Expenses

For the year ending March 31, ~~2015~~2016, our non-operating expenses ~~totaled~~were $~~42,160,000~~nil compared to $~~nil~~51,638,410 in the prior year. We In 2015, we wrote off $156,212 of a $185,000 investment in ~~Indie~~Nexgen ~~Growers~~ Union LLC as we were only able to recover $28,778 of the funds we had advanced once we cancelled the acquisition. In addition, we determined that the goodwill of $51,482,198 from our acquisition of our subsidiary should be fully impaired because the ~~acquisition~~subsidiary has thus far failed to generate any revenue ~~during the year~~.

Liquidity and Capital Resources

Our consolidated financial statements have been prepared on a going concern basis which assumes we will be able to realize our assets and discharge our liabilities in the normal course of business for the foreseeable future. During the year ended March 31, ~~2015~~2016, we incurred losses of $31504,~~662,216~~359 in our operating activities. As at March 31, ~~2015~~2016, we had a working capital deficit of $~~519~~544,~~094~~943 and an accumulated deficit of $~~105~~114,~~091~~895,~~051~~410. Our ability to continue as a going concern is dependent upon our ability to generate profitable operations in the future and, or, obtaining the necessary financing to meet our obligations and repay our liabilities arising from normal business operations when they come due. There is no assurance that these events will be satisfactorily completed.

Net cash used in operating activities for the years ended March 31, 2015 and 2014, was $97,923 and $31,250, respectively. This increase was primarily due to the expenses incurred in connection with our new business as a result of the acquisition of our subsidiary in June 2014.11

Net cash used in ~~investing~~operating activities for the years ended March 31, ~~2014~~2016 and ~~2014~~2015, was $~~400~~126,~~308~~342 and $5099,~~000~~119, respectively. This increase ~~was~~can ~~due~~be toattributed analmost ~~increase~~entirely into ~~our~~increased ~~investment~~professional ~~in Indie Growers Union LLC, which was later cancelled, and the construction of agricultural buildings by our subsidiary~~fees.

Net cash ~~provided~~used byin ~~financing~~investing activities for the years ended March 31, ~~2015~~2016 and ~~2014~~2015, was $~~502,699~~796 and $81399,~~350~~112, respectively. The ~~increase~~amounts ~~was~~in ~~due~~2015 toare ~~financing~~attributable ~~provided~~to by our ~~director~~construction project and ~~Chief~~the ~~Operating~~investment ~~Officer as well as increase~~ in ~~financing~~Indie ~~for~~Growers ~~convertible debt~~Union. ~~$64,500~~ ofThe ~~the~~amount ~~convertible~~in ~~debt~~2016 was ~~offset~~a bysmall ~~stock~~capital ~~issuances~~expenditure inon the ~~year ended March 31, 2015~~property.

~~During~~Net ~~the~~cash ~~next~~provided 12by ~~months,~~financing weactivities ~~anticipate~~for ~~that we will spend a minimum of $1 million on~~ the ~~construction~~years ofended ~~greenhouses~~March ~~and~~31, ~~other~~2016and ~~agricultural~~2015, ~~buildings.~~was ~~We also plan to incur significant sales and marketing expenses during the next 12 months in order to attract new tenants to our property. However~~$122,800 ~~we must obtain additional financing to do so~~ and ~~so far we have been unable to obtain sufficient funding on terms that are favorable to us. Furthermore~~$502,699, ~~we may not be able to generate adequate revenues to operate profitably in the future~~respectively. ~~These~~With ~~conditions~~construction ~~raise~~completed, ~~substantial doubt about~~ our ~~ability~~cash torequirements ~~continue~~decreased ~~as a going concern~~accordingly.

Our ability to continue as a going concern are dependent on our ability to obtain additional financing and generate revenues from the property.

Off-Balance Sheet Arrangements

We have not entered into any off-balance sheet arrangements.

Critical Accounting Estimates

The preparation of consolidated financial statements and related disclosures in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”) requires us to make judgments, assumptions, and estimates that affect the amounts reported. Note 2 - Summary of Significant Accounting Policies of our consolidated financial statements describes the significant accounting policies used in the preparation of our consolidated financial statements.

ITEM 7A - QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Not applicable.

ITEM 8 - FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

912

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

~~July~~August 1424, ~~2015~~2016

Board of Directors

Indie Growers Association

Carson City, NV

We have audited the accompanying amended consolidated balance sheets of ~~Indie~~Nexgen ~~Growers~~Applied ~~Association~~Solutions Inc. and its subsidiary (collectively, the “Company”) as of March 31, ~~2015~~2016 and ~~2014~~2015 and the related consolidated statements of operations, stockholders’ equity, and cash flows, as amended, for the years then ended. These consolidated financial statements, as amended, are the responsibility of the Company’s management. Our responsibility is to express an opinion on these consolidated financial statements based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform an audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the amended financial statements referred to above present fairly, in all material respects, the consolidated financial position of Indie Growers Association and its subsidiary as of March 31, ~~2015~~2016 and ~~2014~~2015 and the consolidated results of their operations and their cash flows for the years then ended, in conformity with accounting principles generally accepted in the United States of America.

The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 21 to the consolidated financial statements, the Company has suffered recurring losses from operations and has a significant accumulated deficit. In addition, the Company continues to experience negative cash flows from operations. These factors raise substantial doubt about the Company's ability to continue as a going concern. Management's plans in regard to these matters are also described in Note 21. The consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.

/s/ BF Borgers CPA PC ~~_____________________________~~ BF Borgers CPA PC Lakewood, CO

F-1

~~INDIE~~NEXGEN ~~GROWERS~~APPLIED ~~ASSOCIATION~~SOLUTIONS INC.

(formerly known as ~~VIKING~~INDIE ~~MINERALS,~~GROWERS ~~INC.~~ASSOCIATION)

CONSOLIDATED BALANCE SHEETS

		March 31, 2015		March 31, 2014
		March 31, 2016		March 31, 2015
ASSETS
Current Assets
Cash	$	~~4,469~~129	$	-4,469
Prepaid expenses		539		-
Total current assets		668		4,469
Non-current assets
Buildings and infrastructure, net		~~289~~280,~~312~~291		-289,312
Investments		-		50,000
TOTAL ASSETS	$	280,960	$	293,780
Total non-current assets		289,312		50,000
TOTAL ASSETS	$	293,780	$	50,000
LIABILITIES AND STOCKHOLDERS’ DEFICIENCY
Current Liabilities
Accounts payable and accrued liabilities	$	79109,~~808~~099	$	2379,~~686~~808
Convertible notes payable		~~443~~436,~~754~~512		75443,~~945~~754
Total current liabilities		~~523~~545,~~562~~611		99523,~~631~~562
Long Term Liabilities
Deferred vendor incentive		43,~~192~~049		54,~~336~~192
Due to related parties		7085,~~390~~932		-70,390
Total long term liabilities		7488,~~583~~981		574,~~336~~583
TOTAL LIABILITIES, COMMITMENTS AND CONTINGENCIES		~~598~~634,~~145~~592		~~104~~598,~~967~~145
STOCKHOLDERS’ DEFICIENCY
Common stock 400,000,000 shares authorized, at $0.001 par value; 140,881,967 shares issued and outstanding (1,159,745 as at March 31, 2014)		140,882		1,160
Common stock 400,000,000 shares authorized, at $0.001 par value; 2,633,027 shares issued and outstanding (1,408,820 at March 31, 2015)		2,633		1,409
Additional paid-in capital		~~104~~114,~~645~~539,~~805~~145		31114,~~056~~085,~~496~~278
Accumulated deficit		(~~105~~114,~~091~~895,~~051~~410)		(31114,~~112~~391,~~623~~051)
Total stockholders’ deficiency		(~~304~~353,~~365~~633)		(54304,~~967~~365)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIENCY	$	~~293~~280,~~780~~960	$	50293,~~000~~780

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

F-2

~~INDIE~~NEXGEN ~~GROWERS~~APPLIED ~~ASSOCIATION~~SOLUTIONS INC.

(formerly known as ~~VIKING~~INDIE ~~MINERALS,~~GROWERS ~~INC.~~ASSOCIATION)

CONSOLIDATED STATEMENTS OF OPERATIONS

		For the years ended
		For the Years Ended
		March 31, 2015		March 31, 2014
		March 31, 2016		March 31, 2015
REVENUE
Rental income	$	-416,000	$	-
EXPENSES
Land lease		912,000		-9,000
Depreciation		4,784		-
Bad debt expense		436,000		-
Management fees		31,102,182		96,250
Depreciation		9,816		3,588
General and administrative		58,072		12,592
Directors’ fees		239,873		31,102,182
Interest		450,285		76,180
General and administrative		37,986		51,660
Professional fees		24,530		23,112
Interest		132,737		450,285
Repairs and maintenance		13,364		-
Professional fees		46,473		17,530
TOTAL OPERATING EXPENSES		31,662,216		208,134
Repairs and maintenance		5,473		5,774
NET LOSS FROM OPERATIONS		(31,662,216)		(208,134)
TOTAL OPERATING EXPENSES		920,359		31,640,018
OTHER EXPENSE
NET LOSS FROM OPERATIONS		(504,359)		(31,640,018)
Investment loss		(156,212)		-
OTHER INCOME (EXPENSE)
Impairment of goodwill		(42,160,000)		-
Investment loss		-		(156,212)
TOTAL OTHER EXPENSE		(42,316,212)		-
Impairment of goodwill		-		(51,482,198)
NET LOSS	$	(73,978,428)	$	(208,134)
TOTAL OTHER INCOME (EXPENSE)		-		(51,638,410)
LOSS PER COMMON SHARE	$	(0.16)	$	(0.08)
TOTAL LOSS	$	(504,359)	$	(83,278,428)
WEIGHTED AVERAGE OUTSTANDING SHARES Basic and diluted		~~449~~482,~~088~~477,~~027~~417		2286,~~495~~027,~~218~~748
LOSS PER COMMON SHARE	$	(0.001)	$	(0.29)

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

F-3

~~INDIE~~NEXGEN ~~GROWERS~~APPLIED ~~ASSOCIATION~~SOLUTIONS INC.

(formerly known as ~~VIKING~~INDIE ~~MINERALS,~~GROWERS ~~INC.~~ASSOCIATION)

CONSOLIDATED STATEMENT OF STOCKHOLDERS' DEFICIT

	Common Stock		~~Additional Paid-in Capital~~	~~Accumulated deficit~~	~~Total~~
	Shares	Par value	Additional Paid-in Capital	Accumulated deficit	Total
Balance as of March 31, 2013 (unaudited)	997,245	$ 997	$30,847,384	$(30,904,489)	$ (56,107)
Balance as of March 31, 2014	11,598	$ 12	$ 31,057,644	$ (31,112,623)	$ (54,967)
Shares issued for debt	106,458	106	141,918	-	142,024
Shares issued in acquisition of subsidiary	620,000	620	51,459,380	-	51,460,000
Shares issued for services	56,042	56	67,194	-	67,250
Shares issued for debt	645,000	645	63,855	-	64,500
Net loss for the period	-	-	-	(208,134)	(208,134)
Shares issued for services	132,222	132	31,072,089	-	31,072,222
Balance as of March 31, 2014	1,159,745	1,160	31,056,496	(31,112,623)	(54,967)
Beneficial conversion factor of convertible debt	-	-	432,309	(432,309)	-
Shares issued in acquisition of subsidiary	62,000,000	62,000	42,098,000	-	42,160,000
Net loss for the period	-	-	-	(82,846,119)	(82,846,119)
Shares issued for convertible debt	64,500,000	64,500	432,309	-	496,809
Balance as of March 31, 2015	1,408,820	$ 1,409	$ 114,085,278	$ (114,391,051)	$ (304,365)
Shares issued for services	13,222,222	13,222	31,058,999	-	31,072,222
Shares issued for debt	1,150,000	1,150	113,850	-	115,000
Net loss for the period	-	-	-	(73,978,428)	(73,978,428)
Shares issued for services	77,778	78	233,256	-	233,333
Balance as of March 31, 2015	140,881,967	$ 140,882	$104,645,805	$(105,091,051)	$ (304,365)
Effects of reverse stock split on convertible debt	(3,571)	(4)	(496)		(500)
Beneficial conversion factor of convertible debt	-	-	107,258	(107,258)	-
Net loss for the period	-	-	-	(397,101)	(397,101)
Balance as of March 31, 2015	2,633,027	$ 2,633	$ 114,539,145	$ (114,895,410)	$ (353,633)

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

F-4

~~INDIE~~NEXGEN ~~GROWERS~~APPLIED ~~ASSOCIATION~~SOLUTIONS INC.

(formerly known as ~~VIKING~~INDIE ~~MINERALS,~~GROWERS ~~INC.~~ASSOCIATION)

CONSOLIDATED STATEMENTS OF CASH FLOWS

		For the Year Ended
		For the Years Ended
		March 31, 2015		March 31, 2014
		March 31, 2016		March 31, 2015
OPERATING ACTIVITIES
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$	(73,978,428)	$	(208,134)
Net income	$	(504,359)	$	(83,278,428)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation		49,~~784~~816		-3,588
Non-cash management fees		31,072,222		67,250
Non-cash interest expense		107,258		432,309
Non-cash interest expense		432,309		75,945
Non-cash director’s fees		233,333		31,072,222
Impairment of goodwill		~~42,160,000~~-		-51,460,000
Investment loss		156,212		-
Writedown of investment losses		-		156,212
Changes in operating assets and liabilities:
Accounts payable and accrued liabilities		56,122		28,253
Prepaid expenses		(539)		-
Deferred vendor incentive		(1,143)		5,336
Accounts payable and accrued liabilities		29,291		56,122
Net cash used in operating activities		(97,923)		(31,350)
Deferred vendor incentive		(1,143)		(1,143)
INVESTING ACTIVITIES
Net cash used in operating activities		(126,343)		(99,118)
Investment in Indie Growers Union		(106,212)		(50,000)
CASH FLOWS FROM INVESTING ACTIVITIES
Buildings and infrastructure		(294,096)		-
Investment in Indie Growers Union		-		(106,212)
Net cash used in investing activities		(400,308)		(50,000)
Buildings and infrastructure		(796)		(292,900)
FINANCING ACTIVITIES
Net cash used in investing activities		(796)		(399,112)
Advances from related parties		70,390		5,405
CASH FLOWS FROM FINANCING ACTIVITIES
Advances for convertible debt		432,309		75,945
Advances from related parties		15,542		70,390
Net cash provided by financing activities		502,699		81,350
Advances for convertible debt		107,258		432,309
Net change in cash		4,469		-
Net cash provided by financing activities		122,800		502,699
CASH, BEGINNING OF PERIOD		-		-
Net change in cash		(4,339)		4,469
CASH, END OF PERIOD	$	4,469	$	-
CASH, BEGINNING OF PERIOD		4,469		-
CASH, END OF PERIOD	$	129	$	4,469

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

F-5

~~INDIE~~NEXGEN ~~GROWERS~~APPLIED ~~ASSOCIATION~~SOLUTIONS INC.

(formerly known as ~~VIKING~~INDIE ~~MINERALS,~~GROWERS ~~INC.~~ASSOCIATION)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

March 31, ~~2015~~2016

1. ORGANIZATION

The company, Viking Minerals Inc., was incorporated under the laws of the state of Nevada on March 24, 2006 with 75,000,000 authorized common shares, par value of $0.001 per share. In January 2011, the company filed an amendment with the state of Nevada to increase the authorized shares to 400,000~~,000~~ common shares, par value of $0.001 per share. The Company’s fiscal year end is March 31st.

On April 14, 2014 the Company changed its name to Indie Growers Association and completed a 1:200 reverse stock consolidation. ~~All~~ ~~share amounts in these consolidated financial statements have been restated to reflect this stock consolidation.~~

The company was originally organized for the purpose of acquiring and developing mineral claims ~~(SIC Code: 1000)~~. On June 30, 2014, the company acquired River Ridge Sunshine Farms LLC, a Washington State corporation, and in so doing, changed its business to that of real estate development for the purpose of leasing land and ~~agricultural~~infrastructure ~~buildings~~ to licensed cannabis producers. ~~(SIC~~The ~~Code:~~accompanying ~~5319)~~consolidated financial statements include the accounts of the Company and its wholly owned subsidiary. All intercompany accounts and transactions have been eliminated in consolidation.

On April 4, 2016, the Company changed its name to Nexgen Applied Solutions Inc. and completed a 1:100 reverse stock consolidation.

All share amounts in these financial statements have been restated to reflect the stock consolidations on April 14, 2014 and April 4, 2016.

These financial statements are presented on the basis that we will continue as a going concern. The going concern concept contemplates the realization of assets and satisfaction of liabilities in the normal course of business.

At March 31, ~~2015~~2016, the Company had a working capital deficit, stockholders’ deficit and operating losses for the past two years. These circumstances raise substantial doubt about the Company’s ability to continue as a going concern. While the Company is attempting to generate sufficient revenues, the Company’s cash position may not be enough to support the Company’s daily operations. Management intends to raise additional funds by way of a public or private offering. Management believes that the actions presently being taken to further implement its business plan and generate sufficient revenues provide the opportunity for the Company to continue as a going concern. While the Company believes in the viability of its strategy to increase revenues and in its ability to raise additional funds, there can be no assurances to that effect. The ability of the Company to continue as a going concern is dependent upon the Company’s ability to further implement its business plan and generate sufficient revenues.

The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Cash and Cash Equivalents

For the balance sheets and statements of cash flows, all highly liquid investments with a maturity date of 90 days or less are considered to be cash equivalents. The company had a cash balance of $129 and $4,469 as of March 31, 2016 and March 31, 2015, respectively.

Basic and Diluted Net Loss Per Share

Basic net loss per share amounts are computed based on the weighted average number of shares actually outstanding. Diluted net loss per share amounts are computed using the weighted average number of common and common equivalent shares outstanding as if shares had been issued on the exercise of the common share rights unless the exercise becomes anti-dilutive and then the basic and diluted per share amounts are the same.

Estimates and Assumptions

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect certain of the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the year. The Company regularly evaluates estimates and assumptions. The Company bases its estimates and assumptions on current facts, historical experience and various other factors 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. The most significant estimates with regard to these financial statements relate to the carrying values of unproven mineral properties, expected lives of equipment, determination of fair values of stock based transactions and valuation of deferred income taxes.

F-6

Estimates and Assumptions

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect certain of the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the year. The Company regularly evaluates estimates and assumptions. The Company bases its estimates and assumptions on current facts, historical experience and various other factors 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. The most significant estimates with regard to these financial statements relate to the carrying values of the expected lives of buildings and infrastructure, determination of fair values of stock based transactions and valuation of deferred income taxes.

Asset Retirement Obligations

The Company records the fair value of an asset retirement obligation as a liability in the period in which it incurs an obligation associated with the retirement of tangible long-lived assets that result from the acquisition, construction, development and/or normal use of the assets. The estimated fair value of the asset retirement obligation is based on the current cost escalated at an inflation rate and discounted at a credit adjusted risk-free rate. This liability is capitalized as part of the cost of the related asset and amortized over its useful life. The liability accretes until the Company settles the obligation. To date the Company has not incurred any measurable asset retirement obligations.

Capital Assets

A Capital Asset is defined as a unit of tangible property that: (1) has an economic useful life of more than 12 months; and (2) was acquired or produced for a cost of more than $500, including acquisition and installation costs on the same invoice.

Capital Assets are stated at historical cost less accumulated depreciation and accumulated impairment losses. Subsequent costs are included in the asset's carrying amount or recognized as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Company and the cost of the item can be measured reliably. All other repairs and maintenance are charged to the statement of operations during the financial period in which they are incurred.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognized in the statement of operations.

Depreciation of capital assets is computed as follows:


Furniture and fixtures	7 year straight line
Computer equipment	5 year straight line
Buildings and infrastructure	30 year straight line
Leasehold Improvements	Straight line over the term of lease

Revenue Recognition

The Company recognizes revenue pursuant to revenue recognition principles presented in SAB Topic 13. First, there is persuasive evidence of an arrangement; Second, delivery has occurred or services have been rendered; Third, the seller’s price to the buyer is fixed or determinable; and Fourth, collectability is reasonably assured.

The Company only source of income is from its sole tenant who subleases our land and buildings. We had no revenue in the fiscal year ended March 31, 2015 because our tenant did not occupy the property until May 1, 2015. For the fiscal year ended March 31, 2016, we recorded $416,000 in revenue in accordance with the sublease agreement between the tenant and our subsidiary. Our agreement with the tenant was that the lease amount payable would accrue monthly but payment was deferred until the tenant could harvest and sell his crop. This was anticipated to take place at or before the end of October 2015. After numerous delays, less than expected crop yield, and falling cannabis prices, we determined in the fourth quarter of the fiscal year ending March 31, 2016 that the tenant would be unable to meet their lease obligations. Therefore, no revenue was recognized in the fourth quarter as there was no reasonable assurance of collection and the revenue was offset by bad debt expense.

F-7

Liquidity and Capital Resources

Cash Flow - During the year ending March 31, 2016 and 2015, the Company primarily received cash for the issuance of convertible debt notes. The notes are unsecured, due on demand, bear interest at 5%, and convertible at par value of $0.001 per share. The shares are not subject to forward or reverse stock splits unless the shares have been converted and issued prior to any such forward or reverse stock split. The Company received $107,258 and $432,309 of convertible debt financing in the fiscal years ended March 31, 2016 and 2015, respectively.

Cash flows used in operations for the years ended March 31, 2016 and 2015 were ($126,343) and ($99,118), respectively.

Since inception the Company has relied upon proceeds from convertible debt to fund its operations. The Company anticipates continuing to rely on such finding until its tenant is able to make lease payments. Conversion of the debt into shares will result in dilution to its existing stockholders. Until the growing season is completed, there is no assurance that the Company will receive any lease revenue or that it can arrange any other financing to fund our operations.

Capital Resources – As of March 31, 2016, the Company had cash of $129 compared to cash of $4,469 as of March 31, 2015.

Accounts Receivable and Concentration of Credit Risk

The Company has extended unsecured credit to its only tenant. Accounts receivable related to lease revenue is recorded monthly in accordance with the sublease agreement between the tenant and our subsidiary. At March 31, 2016, the tenant was unable to meet its financial obligations due to low crop yield and dropping cannabis prices. Consequently, the company wrote down accounts receivable from the tenant in its entirety.

As we currently only have one tenant and the cannabis industry is still in a state of unpredictable change, there is the potential risk that this could occur again. However, to mitigate the risk, commencing May 1, 2016, the monthly lease rate has been reduced and the tenant to making minimum monthly payments to pay down a portion of the receivable.

The Company will continue to evaluate the need for an allowance for doubtful accounts on a regular basis.

Convertible Debt

According to ASC 470-20-25-5 “Recognition General Beneficial Conversion Features”, an embedded beneficial conversion feature present in a convertible instrument shall be recognized separately at issuance by allocating a portion of the proceeds equal to the intrinsic value of that feature to additional paid-in capital.

Paragraph 470-20-30-4 provides guidance on measuring intrinsic value that applies to both the determination of whether an embedded conversion feature is beneficial and the allocation of proceeds and paragraph 470-20-30-5 states that the effective conversion price based on the proceeds received for or allocated to the convertible instrument shall be used to compute the intrinsic value, if any, of the embedded conversion option.

According to paragraphs intrinsic value shall be calculated at the commitment date as the difference between the conversion price and the fair value of the common stock or other securities into which the security is convertible, multiplied by the number of shares into which the security is convertible.

In accordance with the convertible debt agreement, the conversion price is par value of $0.001 per share. Accordingly, the Company assessed the conversion option and determined that during the period the notes had a beneficial conversion feature with intrinsic values in excess of the debt. Therefore, the Company fully amortized the conversion benefit in each fiscal year and recorded is as an interest expense. The beneficial conversion feature was $107,258 and $432,309 in the years ended March 31, 2016 and 2015, respectively.

Impairment of Long-lived Assets

The Company reviews and evaluates long-lived assets for impairment at year end or when events or changes in circumstances indicate that the related carrying amounts may not be recoverable. The assets are subject to impairment consideration under ASC 360-10-35-17 if events or circumstances indicate that their carrying amounts might not be recoverable. When the Company determines that an impairment analysis should be done, the analysis will be performed using rules of ASC 930-360-35, Asset Impairment, and 360-10-15-3 through 15-5, Impairment or Disposal of Long-Lived Assets.

F-8

Stock Based Compensation

The Company accounts for share-based payments pursuant to ASC 718, “Stock Compensation”. Stock compensation expense is expensed immediately under ASC 718 and EITF 96-18 when stock or options are awarded for previous or current service without further recourse. The Company has issued stock to its director who continues to provide services to the Company. Consequently, under ASC 718 and EITF 96-18, these issuances were recognized as expense in the period issued because they were given as a form of payment for services already rendered with no recourse.

Since the Company’s stock is publicly traded, the value is determined based on the number of shares issued and the trading value of the stock on the date of the transaction.

The company recognized $233,333 in expenses for stock based compensation to the Company’s Director in the year ended March 31, 2016 and $31,072,222 in stock based compensation to the Company’s current Director and two former Officers in the year ended March 31, 2015.

Investments

Investments in companies that are not consolidated, but over which the Company exercises significant influence, are accounted for under the equity method of accounting. Whether or not the Company exercises significant influence with respect to an investee depends on an evaluation of several factors, including, among others, ownership level. Under the equity method of accounting, an investee company’s accounts are not reflected within the Company’s Balance Sheets and Statements of Operations; however, the Company’s share of the earnings or losses of the investee company is reflected in the Company’s statements of operations and the Company’s carrying value in an equity method investee company is reflected in the Company’s balance sheets. The Company evaluates these investments for other-than-temporary declines in value each quarterly period. Any impairment found to be other than temporary would be recorded through a charge to earnings.

Revenue Recognition

Revenue is recognized when all applicable recognition criteria have been met, which generally include (a) persuasive evidence of an existing arrangement; (b) fixed or determinable price; (c) delivery has occurred or service has been rendered; and (d) collectability is reasonably assured.

Fair Value of Financial Instruments

The ~~estimated~~Company ~~fair~~has ~~values~~adopted ~~for~~the ~~financial~~provisions ~~instruments~~of ~~are~~ASC ~~determined~~Topic at820, ~~discrete~~Fair ~~points~~Value inMeasurements, ~~time~~which ~~based~~defines onfair ~~relevant~~value, ~~market~~establishes ~~information.~~a ~~These~~framework ~~estimates~~for ~~involve~~measuring ~~uncertainties~~fair value in GAAP, and ~~cannot~~expands bedisclosures ~~determined~~about ~~with~~fair ~~precision~~value measurements. ~~The~~ASC ~~estimated~~820 does not require any new fair value ~~of cash~~measurements, ~~trade~~but ~~payables,~~provides ~~and~~guidance ~~loans~~on ~~approximates~~how ~~their~~to ~~carrying~~measure fair value ~~due~~by providing a fair value hierarchy used to ~~their~~classify ~~short-term~~the ~~nature~~source of the information. The fair value hierarchy distinguishes between assumptions based on market data (observable inputs) and an entity’s own assumptions (unobservable inputs). The hierarchy consists of three levels:

Level one – Quoted market prices in active markets for identical assets or liabilities;

Level two – Inputs other than level one inputs that are either directly or indirectly observable; and

Level three – Unobservable inputs developed using estimates and assumptions, which are developed by the reporting entity and reflect those assumptions that a market participant would use.

The only financial instrument on the Company’s balance sheet is cash as outlined below:

March 31, 2016

March 31, 2015

Level 1

Level 2

Level 3

Level 1

Level 2

Level 3

Cash

$ 129

–

$ 4,469

–

Income Taxes

~~The~~Income ~~Company~~taxes ~~utilizes~~are accounted for under the asset and liability method of ~~accounting~~ASC ~~for~~740. ~~income~~Deferred ~~taxes.~~tax ~~Under~~assets ~~the~~and ~~liability~~liabilities ~~method~~are ~~deferred~~recognized ~~tax~~for ~~assets~~net operating loss and ~~liabilities~~other ~~are~~credit ~~determined~~carry ~~based~~forwards onand the future tax consequences attributable to differences between the financial ~~reporting~~statement carrying amounts of existing assets and ~~the~~liabilities and their respective tax bases. ofDeferred ~~the~~tax assets and liabilities ~~and~~ are measured using ~~the~~ enacted tax rates ~~and~~expected ~~laws~~to ~~that~~apply ~~will~~to betaxable income in ~~effect,~~the ~~when~~years in which the ~~differences~~tax effect of transactions are expected to be ~~reversed~~realized. AnThe ~~allowance~~effect ~~against~~on deferred tax assets isand ~~recorded,~~liabilities ~~when~~of ita change in tax rates is ~~more~~recognized ~~likely~~in ~~than~~the ~~not,~~statements ~~that~~of ~~such~~operations ~~tax~~in ~~benefits~~the ~~will~~year ~~not~~that beincludes ~~realized~~the enactment date.

F-79

Deferred tax assets are reduced by a full valuation allowance since it is more likely than not that the amount will not be realized. Deferred tax assets and liabilities are classified as current or noncurrent based on the classification of the underlying asset or liability giving rise to the temporary difference or the expected date of utilization of the carry forwards.

Recent Accounting Pronouncements

On June 10, 2014, The Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2014-10, Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements, Including an Amendment to Variable Interest Entities Guidance in Topic 810, consolidation, which removes all incremental financial reporting requirements from GAAP for development stage entities, including the removal of Topic 915 from the FASB Accounting Standards Codification. For the first annual period beginning after December 15, 2014, the presentation and disclosure requirements in Topic 915 will no longer be required for the public business entities. The revised consolidation standards are effective one year later, in annual periods beginning after December 15, 2015. Early adoption is permitted. The Company ~~has~~ adopted the amendment as of fiscal year ended March 31, 2015. Adopting this amendment did not have an impact on the presentation of these financial statements.

~~There~~In ~~are~~January ~~several~~2015, ~~new~~the ~~accounting~~FASB ~~pronouncements~~ issued byASU 2015-01 eliminating the ~~Financial~~concept ~~Accounting~~of ~~Standards~~extraordinary ~~Board~~items ~~(“FASB”)~~for ~~which~~presentation ~~are~~on ~~not~~the ~~yet~~face ~~effective~~of the income statement. ~~Each~~Under ofthe ~~these~~new ~~pronouncements~~standard, asa ~~applicable,~~material ~~has~~event ~~been~~or transaction that is unusual in nature, infrequent or ~~will~~both shall be ~~adopted~~reported byas a separate component of income from continuing operations. Alternatively, it may be disclosed in the ~~Company~~notes to financial statements. AsThe ofnew ~~March~~accounting 31guidance is required for interim and annual periods beginning after December 15, 2015,. ~~none~~Early ofadoption ~~these~~is ~~pronouncements~~permitted isif ~~expected~~applied tofrom ~~have~~the beginning of a ~~material~~fiscal ~~effect~~year. onAs applicable, this standard may change the ~~financial~~presentation ~~position~~of amounts in the income statements. We elected to adopt ASU 2015-01 effective January 1, ~~results~~2016. ofAdopting ~~operations~~this oramendment ~~cash~~did ~~flows~~not ofhave an impact on the ~~Company~~presentation of these financial statements.

There are several new accounting pronouncements issued by the Financial Accounting Standards Board (“FASB”) which are not yet effective. Each of these pronouncements, as applicable, has been or will be adopted by the Company. As of March 31, 2016, none of these pronouncements is expected to have a material effect on the financial position, results of operations or cash flows of the Company.

3. ACQUISITION OF A PROPERTY

On April 8, 2014, the Company entered into a share exchange agreement with the unit holders of Indie Growers Union LLC of Washington state wherein the Company would issue a total of 875,000 shares (87,500,000 pre-reverse split) shares of common stock and $185,000 cash in exchange for all of the outstanding member units and assets of Indie Growers Union LLC. The company advanced $185,000 but cancelled the agreement prior to issuing the shares. The company recovered $28,788 of the $185,000 cash and ~~has~~ recorded an investment loss of $(156,212) induring the ~~consolidated~~fiscal ~~statement~~year ofended ~~operations~~March 31, 2015.

On June 30, 2014, the Company acquired River Ridge Sunshine Farms LLC, a Washington state corporation in exchange for 620,000 shares (62,000,000 ~~shares~~pre reverse split). The market value of the Company’s shares on the July 15, 2014, the date the shares were issued, was $0.6883 per share thereby valuing the acquisition at $4251,~~160~~460,000. River Ridge Sunshine Farms LLC holds a 10 year lease on a 40 acre property which will be subleased to licensed cannabis producers. However, no revenue was generated from leases in the year ended March 31, 2015 so the company has determined that the value of this acquisition should be fully impaired. The impairment of goodwill has been recorded in the consolidated statement of operations.

River Ridge Sunshine Farms LLC holds a 10 year lease on a 40 acre property which has been subleased to a licensed cannabis producer. The Net Book Value of the acquired assets and liabilities at June 30, 2014 was (22,198) therefore the transaction has been recorded as an acquisition of goodwill where goodwill is in excess of the purchase price as follows:


Share Value	51,460,000
Net book value of acquired assets	22,198
Goodwill	51,482,198

However, no revenue was generated from leases in the year ended March 31, 2015 so the company determined that the value of this acquisition should be fully impaired. An impairment of goodwill was recorded in the consolidated statement of operations effective as of the date of acquisition.

F-10

4. ASSET DEPRECIATION

March 31, 2015	Cost	Accumulated Depreciation	Net Book Value
	Cost	Accumulated Depreciation	Net Book Value
Buildings and infrastructure	$ 294,096	$ (4,784)	$ 289,312
Buildings and Infrastructure	$ 292,900	$ (3,588)	$ 289,312
March 31, 2016
Buildings and Infrastructure	$ 293,695	$ (13,404)	$ 280,291

5. CAPITAL STOCK

OnThe ~~May~~Company’s 2,authorized ~~2014,~~capital ~~the~~is ~~company issued 21~~400,000,000 shares of ~~its~~ common stock, ~~for~~par ~~services~~value ~~to two of our directors~~$0.001, ~~The market value~~ of ~~the~~which ~~Company’s shares on the May~~ 2, ~~2014~~633,027 ~~the date the~~ shares ~~were~~are issued, ~~was~~and ~~$2.35~~outstanding ~~per~~as ~~share~~of ~~thereby~~March ~~valuing~~31, ~~the~~2016 ~~management~~(1,408,820 ~~fees~~as at ~~$49~~March 31,~~350,000~~ 2015). ~~However,~~ onOn ~~December~~April 2814, 2014, ~~one~~the ofcompleted ~~the~~a ~~directors~~1:200 ~~resigned~~reverse ~~and~~stock ~~relinquished~~split ~~his~~and ~~title~~on toApril 74,~~777~~ 2016,~~778~~ of the ~~shares. The~~Company ~~net~~completed ~~effect~~a offurther ~~$31,072,222~~1:100 ~~has~~reverse ~~been~~stock ~~recorded~~split. asAll ~~management~~share ~~fees~~amounts in ~~the~~these ~~consolidated~~financial statements ofhave ~~operations~~been ~~for~~restated ~~this~~to ~~transaction~~reflect these reverse stock splits.

On May 142, 2014, the company issued 2210,000 (21,000,000 pre reverse split) shares of its common stock for services to two of our former officers. The market value of the Company’s shares on the May 2, 2014, the date the shares were issued, was $2.35 per share thereby valuing the management fees at $49,350,000. However, on December 28, 2014, one of ~~convertible~~the ~~debt~~officers resigned and relinquished his title to 77,778 (7,777,778 pre reverse split) of the shares. The ~~stock~~net ~~was~~effect ~~valued~~of at$31,072,222 ~~par~~has ~~value~~been inrecorded ~~accordance~~as ~~with~~management fees in the ~~convertible~~consolidated ~~debt~~statements ~~agreement~~of operations for this transaction.

On ~~July~~May 1514, 2014, the ~~Company~~company issued 6220,000 (2,000,000 ~~shares~~pre toreverse ~~the~~split) ~~managing~~shares ~~member~~ of ~~River~~its ~~Ridge~~common ~~Sunshine~~stock ~~Farms LLC~~ for ~~the~~$2,000 ~~acquisition~~ of ~~River~~convertible ~~Ridge Sunshine Farms LLC~~debt. The ~~market~~stock ~~value of the Company’s shares on July 15, 2014, the date the shares were issued,~~ was ~~$0.68~~valued ~~per share thereby valuing the acquisition~~ at ~~$42,160,000.~~par ~~The~~value ~~managing~~in ~~member~~accordance iswith ~~now~~the ~~our~~convertible ~~Chief~~debt ~~Operating Officer. The shares are subject to a lock-up~~ agreement ~~until July 1, 2016~~.

On ~~August~~June 1430, 2014, the company acquired River Ridge Sunshine Farms LLC and subsequently issued 620,000 (62,~~500~~000,000 pre reverse split) shares ofour ~~its~~former ~~common~~Chief ~~stock~~Operating Officer for ~~$62,500~~the acquisition of ~~convertible~~River ~~debt~~Ridge Sunshine Farms LLC. The ~~stock~~market ~~was~~value ~~valued~~of atthe ~~par~~Company’s ~~value~~shares inon ~~accordance~~June ~~with~~30, 2014 was $0.83 per share thereby valuing the ~~convertible~~shares ~~debt~~at ~~agreement~~$51,460,000.

FOn August 14, 2014, Lexington Ridge Holdings Inc., a funder of the company, sold $625,000 worth of it convertible debt to various parties. These parties subsequently converted their debt into equity for which the company issued 625,000 (62,500,000 pre-8reverse split) shares of its common stock for the convertible debt. The stock was valued at par value in accordance with the convertible debt agreement. As of August 24, 2016, those parties still hold those shares.

On January 13, 2016, the company issued 77,778 (7,777,778 pre reverse split) shares of its common stock for services to its director. The market value of the Company’s shares on the January 13, 2016 was $0.03 per share thereby valuing the issuance at $233,333. This has been recorded as management fees in the consolidated statements of operations.

On February 16, 2016, Lexington Ridge Holdings Inc., a funder of the company, sold $115,000 worth of its convertible debt to Caboose Partners Ltd., a Nevis based company (“Caboose”). Caboose subsequently converted the debt into equity for which the company issued 1,150,000 (115,000,000 pre reverse split) restricted shares for the convertible debt. The stock was valued at par value of $0.001 in accordance with the convertible debt agreement. As of August 24, 2016, Caboose still holds those shares.

6. SIGNIFICANT TRANSACTIONS WITH RELATED PARTIES

On ~~May~~January 213, ~~2014~~2016, the company issued 2177,~~000,000~~778 shares of its common stock ~~for services~~ to ~~two of~~ our ~~directors.~~director ~~The~~as ~~market~~remuneration ~~value~~for ofserving ~~the Company’s shares~~ on ~~the~~our ~~May~~board. 2,The ~~2014,~~market ~~the~~share ~~date~~price ~~the~~on ~~shares~~January ~~were issued~~13, 2016 was $23.3500 per share thereby valuing ~~the~~these ~~management~~director’s fees at $49233,~~350,000~~333. ~~However,~~ ~~on December 28, 2014, one of the directors resigned and relinquished his title to 7,777,778 of the shares. The shares are subject to a lock-up agreement until July 1, 2016.~~

During the year ended March 31, 2016 and 2015, the company received ~~advances~~$15,542 ~~from~~and ~~one~~$70,217, ofrespectively, ~~our~~from ~~directors~~the ~~and~~former ~~our~~ Chief Operating Officer of ~~$70,390~~our ~~($nil~~subsidiary. The balances outstanding at March 31, ~~2014)~~2016 and 2015 were $85,932 and $70,390, respectively. The advances have no set repayment terms and do not bear interest.

During the year ended March 31, 2016 and 2015, the company incurred land lease costs of $12,000 and $9,000, respectively, payable to our former Chief Operating Officer.

~~7. RENTAL INCOME~~F-11

~~During the year ended March 31, 2015, the company booked $116,982 in rental income from a tenant on the property~~7. ~~The~~ ~~payment~~TENANT ofLEASE rent was contingent on the tenant receiving a license from the Washington State Liquor and Cannabis Control Board. However, the tenant was denied a license and agreed to vacate the property before the expiration of his lease for a one-time settlement fee of $14,000. The settlement fee was recorded in General and administrative expenses on the consolidated statement of operations and the revenue was written off.INCENTIVE

As an incentive to sign a five year lease, the Company provided the tenant with $30,000 of cash incentives consisting of $20,000 of planting supplies and $10,000 reduction in their lease. This incentive was amortized on a straight line basis over the 5 year initial lease term to reduce each month’s rental income.

When the tenant was unable to meet their financial obligations for the fiscal year ended March 31, 2016 and with the ongoing uncertainty in the cannabis industry, the Company determined that it is uncertain if it can collect on this incentive and should fully expense the remaining balance of $26,000 as bad debt.

8. VENDOR INCENTIVE

In December 2013, the Company’s current transfer agent paid off the outstanding balance of $5,717 owed to the former transfer agent. This has been recorded as a deferred vendor incentive ~~on the consolidated balance sheet~~. It has been amortized on a straight line basis over the contract term of 5 years such that each year’s portion of the incentive will be offset against transfer agent fees in the ~~consolidated~~ statement of operations.


For the Year Ended	Offset	Balance
March 31, 2014	-	$ 5,335
March 31, 2015	$ 1,143	$ 4,192
March 31, 2016	$ 1,143	$ 3,049

~~INCOME~~Subsequent ~~TAXES~~to the March 31, 2016 year end, the Company changed transfer agents prior to the end of the 5 year contract term. For early termination, the Company was required to pay back the original amount of the vendor incentive which was added to the termination fees charged by the outgoing transfer agent.

~~For the year ended March 31, 2015, the Company has incurred net losses from operations and, therefore, has no tax liability~~9. ~~The~~INCOME ~~net deferred tax asset generated by the loss carry-forward has been fully reserved.~~ TAXES

For the year ended March 31, 2016, the Company has incurred net losses from operations and, therefore, has no tax liability. The net deferred tax asset generated by the loss carry-forward has been fully reserved.

The provision for Federal income tax at the expected rate of 34% consists of the following:

	March 31, 2015			March 31, 2014
	March 31, 2016		March 31, 2015
Federal income tax benefit attributable to:
Current operations	$	25171,~~152,666~~482	$	$28,314,666	~~70,766~~
Less: valuation allowance		(25171,~~152,666~~482)		(28,314,666)	~~(70,766)~~
Net provision for Federal income taxes	$	-	$	$-	-

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

	March 31, 2015			March 31, 2014
	March 31, 2016		March 31, 2015
Deferred tax asset attributable to:
Net operating loss carryover	$	3539,~~730~~064,~~957~~439	$	$38,892,957	~~10,578,292~~
Less: valuation allowance		(3539,~~730~~064,~~957~~439)		(38,892,957)	~~(10,578,292)~~
Net deferred tax asset	$	-	$	$-	-

As the criteria for recognizing deferred income tax assets have not been met due to the uncertainty of realization, a valuation allowance of 100% has been recorded for the current and prior year.

F-912

10. CONVERTIBLE PROMISSORY NOTES

As of March 31, ~~2015~~2016, the Company had accumulated $ ~~443~~436,~~754~~512 in convertible promissory notes ($75443,~~945~~754 at March 31, ~~2014~~2015). The unsecured notes are due on demand, bear interest at 5%, ~~are unsecured,~~ and ~~are~~ convertible at $0.001. The shares are not subject to forward or reverse stock splits unless the shares have been converted and issued prior to any such forward or reverse stock split. Therefore, if the balance outstanding was converted into common shares, the amount of stock to be issued would be 436,512,000 common shares.

During the year ended March 31, 2016, the company received $107,258 of convertible debt financing (Year ended March 31, 2015: $432,309). The Company assessed the conversion option and determined that during the period the note had a beneficial conversion feature with intrinsic values in excess of the debt. Therefore, the Company fully amortized a conversion benefit of $~~432~~107,~~309~~258 for the current period and recorded is as an interest expense as of March 31, 2016 (Year ended March 31, 2015: $432,309).

~~The~~During ~~amount~~the ofyear ~~accrued~~ended ~~interest~~March ~~payable~~31, on2016, ~~these~~the ~~notes~~company ~~was~~issued ~~$17~~1,~~429~~150,000 asshares (115,000,000 pre reverse split) for the settlement of $115,000 of convertible debt. During the year ended March 31, 2015, ~~and~~the iscompany ~~included~~issued in645,000 ~~Accounts~~shares ~~Payable~~(64,500,000 ~~and~~pre ~~Accrued~~reverse ~~Liabilities~~split) for the settlement of $64,500 of convertible debt.

~~If the balance outstanding was converted into common shares, the amount of shares to be issued would be 443,754,000 common shares.~~ The ~~weighted~~convertible ~~average~~notes ~~number~~have ofaccrued ~~shares~~interest ~~outstanding~~in ~~has~~accordance ~~been~~with ~~computed as if these shares were issued on~~ the ~~date~~following ~~the funds were advanced to the Company as follows~~table:

Date	Issued Shares Outstanding	Potentially Dilutive Shares	Days	Weighting	Weighted Average Shares
Year ended	Interest Accrued During the Year	Total Accrued Interest
31-Mar-13	997,245		365	1.00	997,245
March 31, 2014	-	$ 71
07-Aug-13	87,500		236	0.65	56,575
March 31, 2015	$ 17,429	$ 17,500
13-Jan-14	75,000		77	0.21	15,822
March 31, 2016	$ 24,284	$ 41,784
28-Feb-14		16,785,000	31	0.08	1,425,575
31-Mar-14		59,160,000	-	-	-
31-Mar-14	1,159,745	75,945,000			2,495,218

Date	Issued Shares Outstanding	Potentially Dilutive Shares	Days	Weighting	Weighted Average Shares
31-Mar-14	1,159,745	75,945,000	365	1.00	77,104,745
30-Apr-14		138,820,000	335	0.92	127,410,137
02-May-14	13,222,222		333	0.91	12,063,013
14-May-14	2,000,000	(2,000,000)	321	0.88	-
31-May-14		35,960,000	304	0.83	29,950,247
11-Jun-14		35,000,000	293	0.80	28,095,890
20-Jun-14		18,500,000	284	0.78	14,394,521
30-Jun-14		15,705,000	274	0.75	11,789,507
01-Jul-14		15,000,000	273	0.75	11,219,178
15-Jul-14	62,000,000		259	0.71	43,994,521
31-Jul-14		94,415,000	243	0.67	62,857,110
14-Aug-14	62,500,000	(62,500,000)	229	0.63	-
31-Aug-14		16,184,000	212	0.58	9,400,022
30-Sep-14		22,695,000	182	0.50	11,316,411
31-Oct-14		22,545,000	151	0.41	9,326,836
31-Jan-15		225,000	59	0.16	36,370
28-Feb-15		1,525,000	31	0.08	129,521
31-Mar-15		15,735,000	-	-	-
	140,881,967	443,754,000			449,088,027

Accrued interest has been recorded in Accounts Payable and Accrued Liabilities.

~~F-10~~The weighted average number of shares outstanding has been computed on a post reverse split basis as if these shares were issued on the date the funds were advanced to the Company as follows:

9. SUBSEQUENT EVENTS


Date	Issued Shares Outstanding	Potentially Dilutive Shares	Days	Weighting	Weighted Shares Outstanding
31-Mar-14	11,598	75,945,000	365	1.00	75,956,598
30-Apr-14		138,820,000	335	0.92	127,410,137
02-May-14	132,222		333	0.91	120,630
14-May-14	10,000	(1,000,000)	321	0.88	(870,658)
31-May-14		35,960,000	304	0.83	29,950,247
02-Jun-14	10,000	(1,000,000)	302	0.83	(819,123)
11-Jun-14		35,000,000	293	0.80	28,095,890
20-Jun-14		18,500,000	284	0.78	14,394,521
30-Jun-14		15,705,000	274	0.75	11,789,507
01-Jul-14		15,000,000	273	0.75	11,219,178
15-Jul-14	620,000		259	0.71	439,945
31-Jul-14		94,415,000	243	0.67	62,857,110
14-Aug-14	625,000	(62,500,000)	229	0.63	39,604,452
31-Aug-14		16,184,000	212	0.58	9,400,022
30-Sep-14		22,695,000	182	0.50	11,316,411
31-Oct-14		22,545,000	151	0.41	9,326,836
31-Jan-15		225,000	59	0.16	36,370
28-Feb-15		1,525,000	31	0.08	129,521
31-Mar-15		15,735,000	-	-	-
31-Mar-15	1,408,820	443,754,000			286,027,748

1.F-13

On April 13, 2015, the company entered a lease agreement with a licensed Tier 3 cannabis producer. The initial term of the lease is 5 years with an optional 5 year renewal period. Under the terms of the agreement, lease revenue has accrued at $52,500 per month commencing May 1, 2015. However, lease payments have been deferred until November 1, 2015.


Date	Issued Shares Outstanding	Potentially Dilutive Shares	Days	Weighting	Weighted Shares Outstanding
31-Mar-15	1,408,820	443,754,000	366	1.00	445,162,820
30-Apr-15		785,000	336	0.92	720,656
28-May-15		10,000,000	308	0.84	8,415,301
31-May-15		2,595,000	305	0.83	2,162,500
17-Jun-15		395,000	288	0.79	310,820
30-Jun-15		28,535,000	275	0.75	21,440,232
30-Jul-15		10,000,000	245	0.67	6,693,989
31-Jul-15		6,930,000	244	0.67	4,620,000
30-Sep-15		450,000	183	0.50	225,000
16-Oct-15		225,000	167	0.46	102,664
13-Nov-15		7,500,000	139	0.38	2,848,361
16-Nov-15		180,000	136	0.37	66,885
13-Jan-16	77,778	-	78	0.21	16,576
22-Jan-16		14,741,000	69	0.19	2,779,041
31-Jan-16		225,000	60	0.16	36,885
16-Feb-16	1,150,000	(115,000,000)	44	0.12	(13,686,885)
29-Feb-16		6,642,000	31	0.08	562,574
31-Mar-16		18,055,000	-	-	-
31-Mar-16	(3,571)		-	-	-
31-Mar-16	2,633,027	436,012,000			482,477,417

211. SUBSEQUENT EVENTS

~~As of July 14, 2015, the company has secured an additional $37,895 in convertible debt financing~~A.

~~F-11~~On April 4, 2016, the Company changed its name to Nexgen Applied Solutions Inc.

On April 4, 2016, the Company completed a 1:100 reverse stock split. All share amounts in these financial statements have been restated to reflect this stock consolidation.

On April 18, 2016, the entered into an agreement with Bingo Nation Technologies Inc. for a business development contract and exclusive software technology license to a bingo-themed Class II game recognized by the Indian Gaming Regulatory Act and related television broadcast rights. Under the terms of the agreement, the Company issued 50 Million restricted shares of the Company to Bingo Nation in exchange for the aforementioned rights.

On May 1, 2016, the Company modified the terms of the lease with the tenant as follows:

The lease rate was reduced from $2.50 per square foot of garden canopy to $0.63 per square feet of garden canopy;

The tenant will make a minimum payment of $3,000 per month towards the lease with the balance accruing until the tenant sells their crop; and

The tenant pays for all utilities and ground maintenance at the property.

On June 30, 2016, Lexington Ridge Holdings Corp. sold its $469,370 of convertible debt to Ramsay Capital Corp. and will no longer be providing funding to the Company.

On July 1, 2016, the Board of Directors and a stockholder representing 95% of the issued and outstanding stock of the company approved the filing of an amendment to the Company’s Articles of Incorporation that will:

Change the name of the Company to Bingo Nations Inc.; and

ii.

Create one hundred million (100,000,000) shares of Preferred Stock.

These changes are not yet effective.

F-14

ITEM 9 - CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE

~~On January 20, 2015, Sadler Gibb & Associates, LLC (“Sadler Gibb”) resigned as the Company’s independent registered public accounting firm~~None. ~~Sadler Gibb had not issued any audit reports on the Company’s financial statements and there were no disagreements with Sadler Gibb on any matter of accounting principles or practices.~~

On April 22, 2015 the Company engaged BF Borgers CPA PC of Lakewood, Colorado, as its principal accountant to audit the Company's financial statements.

ITEM 9A - CONTROLS AND PROCEDURES

~~Disclosure~~Evaluation ~~Controls~~of disclosure controls and ~~Procedures~~procedures

~~Disclosure~~Our principal executive officer, who is also our principal financial officer, has evaluated the Company’s disclosure controls and procedures ~~are~~as ~~designed~~of March 31, 2016. Based on this evaluation, we have concluded that because of the material weakness in our internal control over financial reporting discussed below, the disclosure controls and procedures were not effective to ensure that the information required to be disclosed by the Company in the reports ~~filed~~that it files or ~~submitted~~submits under the Securities Exchange Act isof 1934 are recorded, processed, summarized and reported, within the time ~~period~~periods specified in the ~~SEC~~Commission’s rules and forms, and ~~that~~to ~~such~~ensure that information isrequired ~~accumulated and communicated~~ to ~~management,~~be asdisclosed ~~appropriate,~~by tothe ~~allow~~Company ~~timely~~in ~~decisions~~the ~~regarding~~reports ~~required~~that ~~disclosures.~~it ~~Our~~files ~~management~~or ~~necessarily~~submits ~~applied~~under ~~its judgment in assessing~~ the ~~costs~~Securities ~~and~~Exchange ~~benefits~~Act of ~~such~~1934 ~~controls~~are accumulated and ~~procedures,~~communicated ~~which,~~to byCompany’s ~~their~~management ~~nature,~~as ~~can~~appropriate ~~provide~~to ~~only~~allow ~~reasonable~~timely ~~assurance~~decisions regarding ~~management's~~required ~~control objectives~~disclosure.

~~Our~~Notwithstanding ~~management evaluated~~ the ~~effectiveness~~material ofweakness ~~the~~discussed ~~design and operation of our disclosure controls and procedures as of the end of the period covered by this Annual Report. Based upon this evaluation~~below, our management has concluded that ~~our~~the ~~disclosure~~consolidated ~~controls~~financial ~~and~~statements ~~procedures~~included ~~were~~in ~~not~~this ~~effective~~Form as10-K ofpresent ~~March 31~~fairly, ~~2015,~~in ~~because~~all ~~of the identification of a~~ material ~~weakness~~respects, in our ~~internal control over~~ financial ~~reporting which is described below. We intend to continue to review and document our disclosure controls and procedures~~position, ~~including~~results ~~our~~of ~~internal~~operations ~~controls over financial reporting,~~ and ~~may~~cash ~~from~~flows ~~time~~for tothe ~~time~~periods ~~make~~presented ~~changes~~in ~~aimed~~conformity atwith ~~enhancing~~accounting ~~their~~principles ~~effectiveness~~generally ~~and~~accepted toin ~~ensure~~the ~~that~~United ~~our systems evolve with our business~~States.

Management’s ~~Report~~annual report on ~~Internal~~internal ~~Control~~control ~~Over~~over ~~Financial~~financial ~~Reporting~~reporting

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

~~Our~~In ~~internal~~designing ~~control~~and ~~over~~evaluating ~~financial~~our ~~reporting~~internal ~~includes~~controls ~~those policies~~ and procedures ~~that (i) pertain to the maintenance of records that~~, ~~in reasonable detail, accurately and fairly reflect the transactions and dispositions of~~ our ~~assets;~~management ~~(ii)~~recognized ~~provide reasonable assurance~~ that ~~transactions~~internal ~~are~~controls ~~recorded~~and asprocedures, ~~necessary~~no tomatter ~~permit~~how ~~preparation~~well ofconceived ~~financial statements in accordance with U.S. GAAP~~ and ~~our~~operated, ~~receipts~~can ~~and~~provide ~~expenditures are being made~~ only ina ~~accordance with authorizations of our management; and (iii) provide~~ reasonable, ~~assurance~~not ~~regarding prevention or timely detection of unauthorized acquisition~~absolute, ~~use,~~assurance ~~or disposition of our assets~~ that ~~could~~the ~~have~~objectives aof ~~material~~the ~~effect~~internal oncontrols ~~our~~and ~~consolidated~~procedures ~~financial~~are ~~statements~~met.

~~Our~~The Company’s management assessed the effectiveness of ~~our~~its internal control over financial reporting as of March 31, ~~2015~~2016. In making this assessment, weit used the criteria set forth by the Committee of Sponsoring Organizations (COSO) of the Treadway Commission’s in2013 ~~their~~ Internal Control-—Integrated Framework. Based on ~~this~~its ~~evaluation~~assessment, ~~our~~ management ~~concluded~~identified ~~that~~deficiencies ~~that~~in ~~our~~both the design and operating effectiveness of the Company’s internal control over financial reporting, ~~was~~which ~~not~~when ~~effective~~aggregated, asrepresent a material weakness in internal control. The most significant of ~~March~~these ~~31,~~are: (1) ~~2015~~lack of segregation of duties; (2) lack of accounting expertise; and (3) lack of timely closing of books; (4) inability to get accounting information and schedules to our auditors in a timely manner.

~~Our~~A ~~CEO~~material ~~concluded~~weakness weis ~~have~~a deficiency or a ~~material~~combination ~~weakness~~of ~~due~~deficiencies ~~to:~~in ~~(i)~~internal ~~lack~~control ofover financial reporting, such that there is a ~~functioning~~reasonable ~~audit~~possibility ~~committee;~~that ~~(ii)~~a ~~lack~~material misstatement of ~~outside~~our ~~directors~~annual or interim financial statements will not be prevented or detected on ~~our~~a ~~board~~timely ofbasis. ~~directors;~~The ~~(iii)~~material ~~ineffective~~weaknesses ~~oversight~~identified above result from insufficient qualified personnel in ~~the~~our ~~establishment~~finance ~~and~~department. ~~monitoring~~This ofresults ~~required~~in ~~internal~~an ~~controls~~inability ~~and~~to ~~procedures;~~provide ~~(iv)~~effective ~~inadequate~~oversight ~~segregation~~and review of ~~duties~~financial ~~consistent~~transactions with ~~control~~regard ~~objectives;~~to accumulating and ~~(v)~~compiling ~~ineffective~~financial ~~controls~~data ~~over~~in ~~period~~the ~~end~~preparation of financial ~~disclosure~~statements. ~~and~~The ~~reporting~~lack ~~processes.~~of Asufficient ~~material~~personnel ~~weakness~~also isresults in a ~~deficiency,~~lack orof asegregation ~~combination~~of duties and the accounting technical expertise necessary for an effective system of internal control. ~~deficiencies~~As soon as our finances allow, inwe ~~internal~~plan ~~control~~on ~~over~~hiring ~~financial~~additional ~~reporting~~finance ~~such~~staff ~~that~~and, ~~there~~where isnecessary, autilizing ~~reasonable~~competent ~~possibility~~outside ~~that~~consultants ato ~~material~~provide ~~misstatement~~a layer of ~~our~~review ~~annual~~and ortechnical ~~interim~~expertise ~~financial~~that ~~statements~~is ~~will~~currently ~~not~~lacking bein ~~prevented~~our orinternal ~~detected~~controls onover afinancial ~~timely basis~~reporting.

~~While~~As wea ~~would~~result ~~like~~of tothese ~~segregate~~material ~~duties as much as practicable~~weaknesses, ~~there~~management isconcluded ~~an insufficient resources at this point in time to justify accounting staff. We believe~~ that ~~this~~the isCompany ~~typical~~did ~~in many start-up companies. We may~~ not bemaintain ~~able~~effective tocontrol ~~fully~~over ~~remediate~~financial ~~our~~reporting ~~material~~as ~~weaknesses until we increase our operations at which time we would expect to hire more staff and consider increasing the number~~ of ~~directors~~March on31, ~~our board~~2016. ~~We will continue to monitor and assess the costs and benefits of additional staffing.~~

10This annual report does not include an attestation report of the Company’s registered public accounting firm regarding internal control over financial reporting. Management’s report was not subject to attestation by the Company’s registered public accounting firm pursuant to an exemption for smaller reporting companies under Section 989G of the Dodd-Frank Wall Street Reform and Consumer Protection Act.

Notwithstanding the identified material weaknesses, our management believes the consolidated financial statements included in this Annual Report on Form 10-K fairly represent in all material respects our financial condition, results of operations and cash flows at and for the periods presented in accordance with U.S. GAAP.13

This Annual Report does not include an attestation report of our registered public accounting firm regarding internal control over financial reporting. Management's report was not subject to attestation by our registered public accounting firm pursuant to the SEC rules that permit us to provide only management's report in this Annual Report.

Changes in Internal Control Over Financial Reporting

There were no changes in our internal control over financial reporting that occurred during the year ended March 31, 2015, that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

Limitations on Controls and Procedures

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. All internal control systems, no matter how well designed, have inherent limitations, including the possibility of human error and the circumvention of overriding controls. Accordingly, even effective internal control over financial reporting can provide only reasonable assurance with respect to financial statement preparation. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

ITEM 9B - OTHER INFORMATION

None.

PART III

ITEM 10 - DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE

Our executive officers and directors are listed below. Directors are generally elected at our annual shareholders’ meeting and hold office until the next annual shareholders’ meeting, or until their successors are elected and qualified.

Name	Age	Positions
Robert Coleridge	51	Director and President
Ricardo Esparza	56	Chief Operating Officer

The following is a brief summary of the background of each officer and director including their principal occupation during the five preceding years. Neither of these persons is a financial expert as that term is defined by the SEC. All directors will serve until their successors are elected and qualified or until they are removed.

Robert Coleridge is a Systems Analyst/Software Engineer with over 35 years' experience in the software industry, of which 12 of those years he served at Microsoft as a Senior Software Design Engineer. He was previously the CIO of Wikifamilies SA where he spearheaded the platform development and conceptualization of major concepts leading to patent acquisition of a number of revolutionary concepts. At Microsoft he spent the majority of his time in the areas of creating and building strategic and visionary working prototypes for a number of the executives, including Bill Gates and Steve Ballmer. While at Microsoft, Mr. Coleridge also had the opportunity to play key roles in the development and vision that was to become .NET and WCF. He designed and implemented Microsoft's first SOAP toolkit which today is better known as web services. Today more than 6 billion devices, including every smart phone, relies on the software that Mr. Coleridge helped create.

Ricardo Esparza has won numerous awards such as being selected for three years as “Principal of the Year” by the SCAC Principal’s Association. Ricardo has served as a member of Governor Gregoire’s Washington Learns Committee and as a member of Governor Locke’s sponsored A+ Commission. Ricardo has testified to the House and Senate Education Committee in Washington, DC and has been a panel member to present to the Washington State Senate Education Committee in Spokane, WA. He has coauthored two books and has written many articles including an Editorial for USA Today. Senator Ted Kennedy used Mr. Esparza’s school where he was a high school principal, as a working example of academic success during his speech to the United States Congressional Education Hearing. Ricardo and his father have been one of the pioneers in the Lower Yakima Valley wine industry for over 40 years. Mr. Esparza has the ability to innovate and brings forward a wealth of talent created over his numerous years as a high achiever.

Employment Agreements

We currently do not have any employment agreements with any of our directors or executive officers.

Family Relationships

~~Natasha Esparza is the daughter of our Chief Operating Officer and his executive assistant.~~None

Involvement in Certain Legal Proceedings

To our knowledge, our directors and executive officers have not been involved in any of the following events during the past ten years:

Any bankruptcy petition filed by or against such person or any business of which such person was a general partner or executive officer either at the time of the bankruptcy or within two years prior to that time;

Any conviction in a criminal proceeding or being subject to a pending criminal proceeding (excluding traffic violations and other minor offenses);

Being subject to any order, judgment, or decree, not subsequently reversed, suspended or vacated, of any court of competent jurisdiction, permanently or temporarily enjoining him from or otherwise limiting his involvement in any type of business, securities or banking activities or to be associated with any person practicing in banking or securities activities;

Being found by a court of competent jurisdiction in a civil action, the SEC or the Commodity Futures Trading Commission to have violated a Federal or state securities or commodities law, and the judgment has not been reversed, suspended, or vacated;

Being subject of, or a party to, any Federal or state judicial or administrative order, judgment decree, or finding, not subsequently reversed, suspended or vacated, relating to an alleged violation of any Federal or state securities or commodities law or regulation, any law or regulation respecting financial institutions or insurance companies, or any law or regulation prohibiting mail or wire fraud or fraud in connection with any business entity; or

Being subject of or party to any sanction or order, not subsequently reversed, suspended, or vacated, of any self-regulatory organization, any registered entity or any equivalent exchange, association, entity or organization that has disciplinary authority over its members or persons associated with a member.

Section 16(a) Beneficial Ownership Reporting Compliance.

Section 16(a) of the Securities Exchange Act of 1934 requires that our executive officers and directors, and persons who own more than ten percent of a registered class of our equity securities, file reports of ownership and changes in ownership with the SEC. Executive officers, directors and greater-than-ten percent stockholders are required by SEC regulations to furnish us with all Section 16(a) forms they file. Based solely on our review of the copies of the forms received by us and written representations from certain reporting persons that they have complied with the relevant filing requirements, we believe that, during the year ended March 31, ~~2015~~2016, all of our executive officers, directors and greater-than-ten percent stockholders complied with all Section 16(a) filing requirements.

Stockholder Communications

Our board has determined not to adopt a formal methodology for communications from stockholders on the belief that any communication would be brought to the board’s attention by each of our executive officers.

Audit Committee and Audit Committee Financial Expert

We do not currently have an audit committee or a committee performing similar functions. Management as a whole participates in the review of financial statements and disclosure. However, none of our management is a financial expert.

ITEM 11 - EXECUTIVE COMPENSATION

Summary Compensation Table

As a smaller reporting company, we are required to disclose for fiscal years 2015 and 2014 the executive compensation of our “Named Executive Officers,” which consist of the following individuals: (i) any individual serving as our principal executive officer or acting in a similar capacity; (ii) our two other most highly compensated executive officers serving as executive officers at the end of the most recently completed fiscal year; and (iii) any additional individuals for whom disclosure would have been provided but for the fact the individual was not serving as an executive officer at the end of our most recently completed fiscal year.

The following Summary Compensation Table sets forth for fiscal ~~2015~~2016 and ~~2014~~2015, the compensation awarded to, paid to, or earned by our Named Executive Officers.

Name and Principal Position	Year	Salary ($)		All other Compensation* ($)	~~All other Compensation* ($)~~		Total ($)		~~Total ($)~~
Robert Coleridge	2015		13,330		25,850,000	~~25,850,000~~		25,863,330		~~25,863,330~~
President & Director	~~2014~~2016		~~20,000~~-		233,333	-		233,333		~~20,000~~
Ricardo Esparza	2015		-			-				-
Arnie Dewitt III	2015		5,000		5,222,222			5,227,222
Chief Operating Officer	2014		-			-				-
Former Director	2016		-		-			-
Arnie Dewitt III	2015		5,000			5,222,222				5,227,222
Former Director	2014		-			-				-
Charles Irizarry	2015		-			-				-
Former President & Director	2014		-			76,250				76,250

*Note: Other compensation is the market value of shares issued for the services provided. Mr. Coleridge was issued 11,000,000 shares at a market price of $2.35 per share on the date of issuance. Mr. Dewitt III was issued 2,222,223 shares at a market price of 2.25 per share on the date of issuance. Mr. Irizarry was issued 17,500,000 shares at a market price of $0.006 per share on the date of issuance.15

*Note:

Other compensation is the market value of shares issued for the services provided. In 2015, Mr. Coleridge was issued 11,000,000 pre-reverse split shares at a market price of $2.35 per share on the date of issuance and 7,777,778 pre-reverse split shares at a market price of $0.03 in 2016. Mr. Dewitt III was issued 2,222,223 pre-reverse split shares at a market price of 2.25 per share in 2015.

Outstanding Equity Awards

We had no outstanding equity awards as of the fiscal years ended March 31, ~~2015~~2016 or ~~2014~~2015.

Employment Contracts, Termination of Employment, Change-in-Control Arrangements

As of the date hereof, we have not entered into any new employment agreements.

Employee Pension, Profit Sharing or other Retirement Plans

We do not have a defined benefit, pension plan, profit sharing or other retirement plan, although we may adopt one or more of such plans in the future.

Risk Assessment in Compensation Programs

Beginning in 2^nd quarter of fiscal year 2014 we changed our focus to serving the cannabis industry and we began paying compensation to our employees, including executive and non-executive officers. Due to the size and scope of our business, and the amount of compensation involved, we do not have any employee compensation policies and programs to review to determine whether our policies and programs create risks that are reasonably likely to have a material adverse effect on us.

ITEM 12 - SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS

~~The following table shows the beneficial ownership of our common stock as of March 31, 2015, by~~ (ia) ~~each~~Security ~~person~~Ownership ~~whom we know beneficially owns more than 5%~~ of ~~the~~Certain ~~outstanding~~Beneficial shares of our common stock; (ii) each of our executive officers; (iii) each of our directors; and (iv) all of our executive officers and directors as a group. Unless otherwise indicated, to our knowledge each of the stockholders listed below has sole voting and investment power over the shares beneficially owned. Unless otherwise specified, the address of each of the persons set forth below is in care of Indie Growers Association, 311 Division St. Carson City, NV 89703.Owners

The ~~percentage~~following table shows the beneficial ownership of ~~class~~our ~~beneficially~~common ~~owned~~stock isas ~~based~~of onAugust ~~140~~24,~~881,967~~ ~~shares~~2016 ofby ~~common~~each ~~stock~~person ~~issued~~whom ~~and~~we ~~outstanding~~know asbeneficially owns more than 5% of ~~March 31,~~the ~~2015~~outstanding shares. Beneficial ownership ~~has~~is ~~been~~ determined in accordance with Rule 13d-3 ~~under~~of the Exchange Act. ~~Pursuant~~This torule ~~the~~deems ~~rules~~a ofperson ~~the~~to ~~SEC,~~be ~~shares~~a ofbeneficial ~~common~~owner ~~stock~~if ~~which~~that anperson ~~individual or group~~ has athe right to acquire beneficial ownership within 60 days ~~pursuant~~through, toamong ~~the~~other ~~exercise~~means, conversion of ~~options~~a orsecurity. ~~warrants~~At orAugust ~~the~~24, ~~conversion~~2016, we know of ~~convertible~~no ~~securities~~shareholders, ~~are~~other ~~deemed~~than tomanagement beand ~~outstanding~~Bingo ~~for~~Nation ~~the~~Technologies ~~purpose~~Inc., ofwho ~~computing~~have ~~the~~been ~~percentage~~issued ~~ownership~~more than 5% of ~~such~~our ~~individual~~outstanding orshares. ~~group~~However, ~~but~~at ~~are~~August ~~not~~19, ~~deemed~~2016, towe beowed ~~beneficially~~Ramsay ~~owned~~Capital ~~and~~Corp. ~~outstanding~~(“Ramsay”) ~~for~~$469,370 which, at the ~~purpose~~option of ~~computing~~the Ramsay, can be converted into common shares of the ~~percentage~~Company ~~ownership~~at a rate of $0.001 per share. This means that Ramsay could at any ~~other~~time ~~person~~convert ~~shown~~this debt into 469,370,000 common shares of the company as reflected in the following table.:

Name	Number of Shares Beneficially Owned			Percentage of Class
Title of Class	Name and Address of Beneficial Owner		Amount and Nature of Beneficial Ownership1	Percentage of Class2
Robert Coleridge, President & Director		11,000,000			7.8	%
Common Shares	Ramsay Capital Corp.3 21 Regent Street Belize City, BELIZE		469,370,000	89.9%
Ricardo Esparza, Chief Operating Officer		62,000,000			44.0	%
Common Shares	Bingo Nation Technologies Inc.4 689 Kentons Run Avenue Henderson, NV		50,000,000	9.6%
Arnie Dewitt III, Former Director		2,222,223			1.6	%
All executive officers and directors as a group (three persons)		75,222,223			53.4	%

Note 1: Although deemed to have beneficial ownership for reporting purposes, Ramsay only has the right to acquire these shares upon conversion of the debt. Until such time as Ramsay converts this debt into shares and the shares are issued, Ramsay has no voting control over the securities.

Note 2: Rule 13d-3 deems any securities subject to conversion privileges to be outstanding for the purpose of computing the percentage of outstanding securities of the class owned by such person. Therefore, the percentage of class outstanding is based on the shares subject to conversion plus the 52,633,027 shares of common stock outstanding as of August 19, 2016.

Note 3: As the authorized signatory of Ramsay Capital Corp., Jose Pineda has voting and investment control over Ramsay. Mr. Pineda may be reached c/o Ramsay at the above listed address.

Note 4: As the directors and shareholders of Bingo Nation Technologies Inc., Mr. Greg Dureault and Mr. Kevin Kortje have voting and investment control over the listed securities. Mr. Dureault and Mr. Kortje may be reached c/o Bingo Nation Technologies Inc. at the above noted address.

(b) Security Ownership of Management

The following table shows securities beneficially owned by our executive offers, directors, or any person who held either office in the last complete fiscal year as well as all such listed officers and directors as a group:


Title of Class	Name Beneficial Owner	Amount and Nature of Beneficial Ownership	Percentage of Class¹
Common Shares	Coleridge Enterprises LLC³ 1685 H Street, Blaine, WA 98230	187,778	0.04%

Common Shares	All Officers and Directors as a group	187,778	0.04%

Note 1: Rule 13d-3 deems any securities subject to conversion privileges to be outstanding for the purpose of computing the percentage of outstanding securities of the class owned by such person. Therefore, the percentage of class beneficially owned is based on 52,633,027 shares of common stock outstanding as of June 30, 2016 plus 469,370,000 shares which Ramsay Capital Corp. could acquire within 60 days by means of debt conversion, for a total of 522,003,027 shares.

Note 2: As the Managing Member of the Coleridge Enterprises LLC, Robert Coleridge, our president and director, has sole voting and investment power of the listed securities.

Securities Authorized for Issuance under Equity Compensation Plans

Not applicable

ITEM 13 - CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, DIRECTOR INDEPENDENCE

Transactions with Officers and Directors

OnDuring ~~May~~the 2year ended March 31, ~~2014~~2016, the company ~~issued~~received ~~21,000,000~~advances ~~shares~~from ofone ~~its common stock for services to two~~ of our directors. ~~The~~and ~~market~~our ~~value~~former ofChief ~~the~~Operating ~~Company’s~~Officer ~~shares~~of ~~on the May 2~~$15,542 ~~2014~~($70,390 ~~the~~at ~~date~~March ~~the shares were issued~~31, ~~was $2~~2015).35 ~~per~~The ~~share~~advances ~~thereby~~have ~~valuing~~no ~~the~~set ~~management~~repayment ~~fees~~terms ~~at $49,350,000. However, on December 28, 2014, one of the directors resigned~~ and ~~relinquished~~do ~~his~~not ~~title~~bear ~~to 7,777,778 of the shares~~interest. ~~The shares are subject to a lock-up agreement until July 1, 2016.~~

OnDuring ~~July~~the ~~15,~~year ~~2014,~~ended ~~the~~March ~~company~~31, ~~issued 62~~2016,~~000,000~~ ~~shares to~~ the ~~managing~~company ~~member~~incurred ofland ~~River~~lease ~~Ridge~~costs ~~Sunshine Farms LLC for the acquisition~~ of ~~River~~$12,000 ~~Ridge~~($9,000 ~~Sunshine~~at ~~Farms~~March ~~LLC. The~~31, ~~managing~~2105) ~~member~~payable isto ~~now~~ our former Chief Operating Officer. ~~The~~ ~~shares are subject to a lock-up agreement until July 1, 2016.~~

During the year ended March 31, ~~2015~~2016, the company ~~received~~issued ~~advances~~77,778 ~~from~~shares ~~one~~ of our ~~directors~~stock ~~and~~to our ~~Chief Operating Officer of $70~~director,~~390~~ ~~($5,336~~Robert ~~at March 31~~Coleridge, ~~2014). The~~for ~~advances~~management ~~have no set repayment terms and do not bear interest~~fees.

During the year ended March 31, 2015, the company incurred land lease costs of $9,000 payable to our Chief Operating Officer.

During the year ended March 31, 2015, the company has paid wages of $11,630 to Natasha Esparza, the daughter of our Chief Operating Officer.

ITEM 14 - PRINCIPAL ACCOUNTING FEES AND SERVICES

On January 20, 2015, Sadler Gibb & Associates, LLC (“Sadler Gibb”) resigned as the Company’s independent registered public accounting firm.

On April 22, 2015 the Company engaged BF Borgers CPA PC of Lakewood, Colorado, as its principal accountant to audit the Company's financial statements.

The following table sets forth fees billed to us by our independent registered public accounting firms during the fiscal years ended March 31, ~~2015~~2016 and March 31, ~~2014~~2015.

Sadler-Gibb	2015		2014
BF Borgers	2016		2015
Audit Fees	$	-37,500	$	-
Audit-Related Fees	$	-	$	-
Tax Fees	$	-	$	-
All Other Fees	$	-	$	~~5,422~~-

BF Borgers	2015		2014
Audit Fees	$	-	$	-
Audit-Related Fees	$	-	$	-
Tax Fees	$	-	$	-
All Other Fees	$	-	$	-

Audit fees, if any, represent amounts invoiced for professional services rendered for the audit of our annual financial statements and the reviews of the financial statements included in our Form 10-Q Reports.

Policy on Audit Committee Pre-Approval of Audit and Permissible Non-audit Services of Independent Auditors

We do not have an audit committee to oversee the external audit process, which includes approving engagement letters, estimated fees and solely pre-approving all permitted audit and non-audit work performed by our principal accountant. Our board of directors, which currently only has one board member, oversees this process and has pre-approved all fees for audit and non-audit work performed.

PART IV

ITEM 15 - EXHIBITS AND FINANCIAL STATEMENT SCHEDULES

Exhibit Number


Exhibit Number	Description

3(i)	Articles of Incorporation*

3(ii)	Bylaws*

10-1	Share Exchange Agreement dated June 30, 2014 between Ricardo Esparza and Indie Growers Association (incorporated by reference to Form 8-K filed July 2, 2014)

10-2	Lease Agreement dated May 1, 2015 between Ricardo Esparza, Lismar Properties LLC and River Ridge Sunshine Farms LLC (incorporated by reference to Form 10-K/A filed November 16, 2015)

10-3	Sublease Agreement dated May 1, 2015 between River Ridge Sunshine Farms LLC and Fourdub LLC with Addendum (incorporated by reference to Form 10-K/A filed November 16, 2015)

10-4	Addendum No 2. to Sublease Agreement dated May 1, 2016 (filed herewith)

21.1	Subsidiaries of the Registrant

31	Sec. 302 Certification of Chief Executive Officer and Chief Financial Officer

32	Sec. 906 Certification of Chief Executive Officer and Chief Financial Officer

Description

3(i)

Articles of Incorporation*

3(ii)

Bylaws*

10-1

Share Exchange Agreement dated June 30, 2014 between Ricardo Esparza and Indie Growers Association (incorporated by reference to Form 8-K filed July 2, 2014)

21.1

Subsidiaries of the Registrant

Sec. 302 Certification of Chief Executive Officer and Chief Financial Officer

Sec. 906 Certification of Chief Executive Officer and Chief Financial Officer

* Incorporated by reference to an exhibit on our Form SB-1 Registration Statement filed December 19, 2006.

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this Annual Report on Form 10-K to be signed on its behalf by the undersigned, thereunto duly authorized.

	INDIE GROWERS ASSOCIATION
	NEXGEN APPLIED SOLUTIONS INC.
Date: July 14, 2015		/s/ Robert Coleridge
Date: August 24, 2016		/s/ Robert Coleridge
		Robert Coleridge
		President and Principal Financial Officer

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