~~Incorporation~~UNITED ~~or Organization)~~STATES

~~13275~~SECURITIES W.AND ~~Colonial~~EXCHANGE Drive, Winter Garden, Florida 34787 ---------------------------------------------------------------------- (Address of Principal Executive Offices) 866-777-7777 --------------------------- (Registrant's Telephone Number, Including Area Code)COMMISSION

Check whether the registrant (1) 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)Washington, ~~and (2) has been subject to such filing requirements for the past 90 days~~D. ~~Yes~~C. ~~[ X ] No [ ]~~20549

~~Indicate~~FORM ~~by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non~~10-accelerated filer, or a smaller reporting company. . See the definitions of “large accelerated filer,” “accelerated filer,” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.Q

~~Large~~(Mark ~~Accelerated Filer [ ] Accelerated Filer [ ] Smaller Reporting Company [X] Non-Accelerated Filer [ ]~~One)

~~Check~~☒ ~~mark~~QUARTERLY ~~whether~~REPORT ~~the~~PURSUANT ~~registrant~~TO isSECTION a13 ~~shell~~OR ~~company~~ 15(asd) ~~defined~~OF inTHE ~~Rule~~SECURITIES ~~12b-2~~EXCHANGE ofACT ~~the~~OF ~~Exchange Act).~~ 1934

~~Yes~~For ~~[ ] No~~the [quarterly Xperiod ] ended March 31, 2021

~~APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY~~ Or

~~PROCEEDINGS~~☐ ~~DURING~~TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE ~~PRECEDING~~SECURITIES ~~FIVE~~EXCHANGE ~~YEARS~~ACT OF 1934

~~Check~~For ~~whether~~ the ~~registrant~~transition ~~filed~~period ~~all~~from ~~documents~~______ ~~and reports required~~ to ~~be filed by Section 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court.~~ ______

~~Yes~~Commission ~~[ ]~~file Nonumber ~~[ ]~~33-23473

~~APPLICABLE~~Cordia ~~ONLY TO CORPORATE ISSUERS~~Corporation

As(Exact ofName ~~May 15, 2008, there were 6,294,188 shares~~ of ~~the~~Company ~~issuer's~~as ~~common~~Specified ~~stock~~in ~~outstanding.~~its Charter)

CORDIA CORPORATION FORM 10-Q TABLE OF CONTENTS

Nevada	11-2917728
(State of Incorporation)	(I.R.S. Employer Identification No.)

401 Ryland St. Reno, Nevada	89502
(Address of Principal Executive Offices)	(ZIP Code)

Part I	Financial Information	Page
Item 1.	Financial Statements
	Condensed Consolidated Balance Sheets – March 31, 2008 (unaudited) and December 31, 2007 (AS RESTATED)	1
	Condensed Consolidated Statements of Operations – Three months ended March 31, 2008 and 2007 (unaudited)	2
	Condensed Consolidated Statements of Cash Flows – Three months ended March 31, 2008 and 2007 (unaudited)	3
	Notes to Condensed Consolidated Financial Statements (unaudited)	4
Item 2.	Managements Discussion and Analysis of Financial Condition and Results of Operations	11
Item 3.	Quantitative and Qualitative Disclosure About Market Risk	19
Item 4.	Controls and Procedures	20
Part II	Other Information	Page
Item 1.	Legal Proceedings	20
Item 2.	Unregistered Sale of Equity Securities and Use of Proceeds	20
Item 3.	Defaults Upon Senior Securities	20
Item 4.	Submission of Matter to a Vote of Security Holders	21
Item 5	Other Information	21
Item 6.	Exhibits	21
	Signatures

Company’s Telephone Number, Including Area Code: (213)-915-6673

~~PART I FINANCIAL INFORMATION~~N/A

~~ITEM~~(Former ~~1. FINANCIAL~~Name, ~~STATEMENTS.~~Former Address and Former Fiscal Year, if Changed Since Last Report)

~~CORDIA~~Securities ~~CORPORATION~~registered ~~AND~~pursuant ~~SUBSIDIARIES CONDENSED~~to ~~CONSOLIDATED~~Section ~~BALANCE~~12(b) ~~SHEETS~~of the Act:

	March 31,	December 31,
	2008	2007
	(unaudited)	As Restated
ASSETS
Current Assets
Cash and cash equivalents	$ 434,991	$ 999,039
Cash – restricted	174,627	173,848
Accounts receivable, less allowance for doubtful accounts of
$1,481,205 (2008) and $2,002,823 (2007)	2,156,097	2,178,984
Prepaid expenses	1,400,644	1,427,093
Loans receivable	341,240	-
Accrued usage receivable	335,349	314,215
TOTAL CURRENT ASSETS	4,842,948	5,093,179
Property and equipment, at cost
Office and computer equipment	2,041,857	2,006,879
Computer software	2,230,757	2,059,386
Leasehold improvements	579,331	561,505
	4,851,945	4,627,770
Less: Accumulated depreciation and amortization	2,554,858	2,237,604
NET PROPERTY AND EQUIPMENT	2,297,087	2,390,166
Other Assets
Goodwill	3,398,972	3,398,972
Security deposits and other assets	1,124,150	861,791
Investment in unconsolidated affiliates	304,085	336,541
TOTAL OTHER ASSETS	4,827,207	4,597,304
TOTAL ASSETS	$ 11,967,242	$ 12,080,649
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
Current Liabilities
Capital lease obligations, current portion	$ 13,206	$ 12,953
Notes payable, current portion	565,460	557,062
Accounts payable	4,411,757	4,018,814
Accrued expenses	954,174	939,769
Billed taxes payable	8,395,766	8,029,921
Deferred revenue	1,394,395	1,315,900
TOTAL CURRENT LIABILITIES	15,734,758	14,874,419
Noncurrent Liabilities
Deferred rent	78,603	82,378
Deferred income tax liability	1,967	2,004
Notes payable, net of current portion	914,250	1,058,804
Capital lease obligation, net of current portion	21,824	25,221
TOTAL NONCURRENT LIABILITIES	1,016,644	1,168,407
COMMITMENTS AND CONTINGENCIES
Stockholders' (Deficit)
Preferred stock, $.001 par value; 5,000,000 shares authorized, none issued	-	-
Common stock, $.001 par value; 100,000,000 shares authorized, 6,916,574 shares issued	6,917	6,917
Additional paid-in capital	6,754,207	6,707,581
Comprehensive (loss)	(58,481)	(48,121)
Accumulated deficit	(11,146,034)	(10,307,761)
	(4,443,391)	(3,641,384)
Less: Treasury stock, at cost, 622,386 (2008) and 589,186 (2007)	(340,769)	(320,793)
TOTAL STOCKHOLDERS' (DEFICIT)	(4,784,160)	(3,962,177)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	$ 11,967,242	$ 12,080,649

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
N/A		N/A		N/A

~~Note: See notes to condensed consolidated financial statements.~~1

Indicate by check mark whether the Company is a large accelerated filer, an accelerated filer, a non-accelerated 1filer, a smaller reporting company, or an emerging growth company. See definition of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

~~CORDIA~~Large ~~CORPORATION~~accelerated ~~AND~~filer ~~SUBSIDIARIES CONDENSED~~☐ ~~CONSOLIDATED~~Accelerated ~~STATEMENTS~~filer OF☐ ~~OPERATIONS~~Non-accelerated filer ☐ Smaller reporting company ☒ (Do not check if a smaller reporting company) Emerging growth company ☐

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

Yes [ X ] No [ ]

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

If an emerging growth company, indicate by check mark if the Company has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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

The number of shares outstanding of the registrant’s common stock as of June 28, 2021 was 1,027,400 shares.

FORWARD-LOOKING STATEMENTS

Statements in this Quarterly Report on Form 10-Q may be “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934.

Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions or any other statements relating to our future activities or other future events or conditions. These statements are often, but not always, made through the use of words or phrases such as “believe,” “will,” “expect,” “anticipate,” “estimate,” “intend,” “plan,” and “would.” These statements are based on current expectations, estimates and projections about our business based in part on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and are likely to, differ materially from what is expressed or forecasted in the forward-looking statements due to numerous factors, including those set forth in “Item 1A. Risk Factors” in our Annual Report on Form 10-K, and our other filings with the U.S. Securities and Exchange Commission.

You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this Quarterly Report on Form 10-Q. Any forward-looking statements speak only as of the date on which they are made, and we disclaim any obligation to publicly update or release any revisions to these forward-looking statements, whether as a result of new information, future events or otherwise, after the date of this Quarterly Report on Form 10-Q or to reflect the occurrence of unanticipated events, except as required by applicable law.

CORDIA CORPORATION

PART I - FINANCIAL INFORMATION

ITEM 1	Financial Statements	F-1

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

ITEM 3	Quantitative and Qualitative Disclosures About Market Risk

ITEM 4	Controls and Procedures

PART II - OTHER INFORMATION

ITEM 1	Legal Proceedings	11

ITEM 1A	Risk Factors	11

ITEM 2	Unregistered Sales of Equity Securities and Use of Proceeds	17

ITEM 3	Defaults Upon Senior Securities	17

ITEM 4	Mine Safety Disclosures	17

ITEM 5	Other Information	17

ITEM 6	Exhibits	18

Signatures		19

PART I - FINANCIAL INFORMATION

FINANCIAL STATEMENTS	Page(s)

Consolidated Balance Sheets as of March 31, 2021, and December 31, 2020	F-2

Consolidated Statements of Operations for the three months ended March 31, 2021 and 2020	F-3

Consolidated Statements of Changes in Stockholders’ Equity for the three months ended March 31, 2021 and 2020	F-4

Consolidated Statements of Cash Flows for the three months ended March 31, 2021 and 2020	F-5

Notes to Consolidated Financial Statements	F-6 to F-10

F-1

CORDIA CORPORATION

CONSOLIDATED BALANCE SHEETS

	March 31,	December 31,
	2021	2020
	(UNAUDITED)	(AUDITED)
ASSETS

CURRENT
Cash	$217	$3,035
Prepaid expenses	4,292	-

TOTAL ASSETS	$4,509	$3,035

LIABILITIES AND STOCKHOLDERS' DEFICIT

LIABILITIES

Accounts payable and accrued liabilities	$517	$3,717
Note payable - Peter Klamka	21,060	12,010
Note payable - other	20,000	20,000
TOTAL LIABILITIES	41,577	35,727

STOCKHOLDERS' DEFICIT

Common stock, $0.001 par value, 105,000,000 shares authorized - issued and outstanding - 13,611,574, 2018 - 13,611,574	13,612	13,612
Treasury shares - 347,544, 2018 - 347,544	(348)	(348)
Additional paid in capital	8,235,784	8,235,784
Deficit	(8,286,116)	(8,281,740)

Total Stockholders Deficit	(37,068)	(32,692)

TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$4,509	$3,035

F-2

CORDIA CORPORATION

CONSOLIDATED INTERIM STATEMENTS OF OPERATIONS

FOR THE THREE MONTHS ENDED MARCH 31,

(UNAUDITED)

	For the Three Months Ended
		2021		2020
	March 31,
SALES		$207		$-
	2008		2007
COST OF SALES		-		-
Revenues
GROSS PROFIT		207		-
Wireline services	$ 11,356,943		$ 9,952,700
OPERATING EXPENSES
VoIP services	654,998		166,994
Professional fees		700		-
Business process outsourced services	4,500		117,041
General and administrative		3,583		-
	12,016,441		10,236,735
Total Operating Expenses		4,283		-
Cost of Revenues
Operating Income(Loss)		(4,076)		-
Wireline services	6,490,701		5,349,175
Interest paid		(300)		-
VoIP Services	557,400		180,503
Net Income(Loss)		$(4,376)		$-
	7,048,101		5,529,678
Weighted average number of common shares outstanding		13,611,574		13,611,574
Gross Profit	4,968,340		4,707,057
Net Income(Loss) per common share - Basic and fully diluted		$-		$-
Operating Expenses
Sales and marketing	1,246,289		1,114,941
Bad debts	869,404		595,123
General and administrative	3,291,560		3,130,216
Impairment of goodwill	-		284,117
Depreciation and amortization	346,351		250,098
	5,753,604		5,374,495
Operating Loss	(785,264)		(667,438)
Other Income (Expenses)
Other income (expense)	(27,065)		-
Interest income	1,537		24,742
Interest expense	(24,279)		(953)
	(49,807)		23,789
Loss Before Income Taxes and Minority Interest	(835,071)		(643,649)
Income tax provision	3,202		-
Loss Before Minority Interest	(838,273)		(643,649)
Minority Interest in Loss of Subsidiary	-		2,745
Net Loss	$ (838,273)		$ (640,904)
Basic (Loss) per share	$ (0.13)		$ (0.11)
Weighted Average Common Shares Outstanding	6,296,611		5,620,924
Diluted (Loss) per share	$ (0.13)		$ (0.11)
Weighted Average Common and Common Equivalent Shares Outstanding	6,296,611		5,620,924

~~Note: See notes to condensed consolidated financial statements.~~F-3

-CORDIA ~~2 -~~CORPORATION

~~CORDIA CORPORATION AND SUBSIDIARIES CONDENSED~~ CONSOLIDATED ~~STATEMENTS~~STATEMENT OF ~~CASH~~STOCKHOLDERS' ~~FLOWS (UNAUDITED)~~DEFICIT

	For the Three Months Ended
	March 31,
	2008	2007
Cash Flows From Operating Activities
Net (Loss) from operations	$ (838,273)	$ (640,904)
Adjustments to reconcile net (loss) to net cash
provided by operations
Compensatory stock expense	46,626	74,838
Bad debt expense	869,404	595,123
Depreciation and amortization expense	449,858	250,098
Impairment of goodwill	-	284,117
Minority Interest	-	(2,745)
Deferred taxes	(37)	-
(Increase) decrease in assets:
Restricted cash	(779)	52,800
Accounts receivable	(846,517)	(417,643)
Prepaid expenses and other current assets	(11,522)	(194,790)
Accrued usage receivable	(21,134)	(100,414)
Security deposits and other assets	(66,716)	(83,926)
Increase (decrease) in liabilities:
Accounts payable	392,943	(271,853)
Accrued expenses	14,405	(678,558)
Billed taxes payable	365,845	1,188,305
Deferred revenue	78,495	7,622
Deferred rent	(3,775)	(1,441)
NET CASH PROVIDED BY OPERATING ACTIVITIES	428,823	60,629
Cash Flows from Investing Activities
Capitalized software costs	(154,933)	(181,124)
Leasehold improvements	-	(2,818)
Purchase of property and equipment	(102,687)	(63,584)
Purchase of customer lists	(224,375)	-
Increases in loans receivable	(341,240)	-
NET CASH USED BY INVESTING ACTIVITIES	(823,235)	(247,526)
Cash Flows From Financing Activities
Purchase of treasury stock	(19,976)	-
Principal payments on capital leases	(3,144)	(2,912)
Payments of notes payable	(136,156)	-
NET CASH USED BY FINANCING ACTIVITIES	(159,276)	(2,912)
Effect of exchange rate changes on cash	(10,360)	4,649
Decrease in Cash	(564,048)	(185,160)
Cash and cash equivalents, beginning	999,039	370,832
Cash and cash equivalents, ending	$ 434,991	$ 185,672
Supplemental Disclosures of Cash Flow Information - Cash paid during the quarter for:
Interest	$ 24,279	$ 953
Income tax	$ -	$ 880

FROM JANUARY 1, 2021 TO MARCH 31, 2021

~~Note: See notes to condensed consolidated financial statements.~~(UNAUDITED)

- 3 -


	COMMON STOCK		Paid In	Accumulated
	# of Shares	Amount	Capital	Deficit	TOTALS

Balance - January 1, 2021	13,611,574	$13,612	$8,235,784	$(8,281,740)	$(32,344)

Net income(loss) - March 31, 2021	-	-	-	(4,376)	(4,376)

Balance - March 31, 2021	13,611,574	$13,612	$8,235,784	$(8,286,116)	$(37,068)

~~CORDIA CORPORATION AND SUBSIDIARIES~~F-4

~~NOTES~~CORDIA ~~TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS~~CORPORATION

~~Period~~CONSOLIDATED ~~Ended~~INTERIM ~~March~~STATEMENTS ~~31,~~OF ~~2008~~CASH FLOWS

~~(Unaudited)~~FOR THE THREE MONTHS ENDED MARCH 31,

~~Note 1: Basis of Presentation/Going Concern~~(UNAUDITED)

The accompanying consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States (“US GAAP”) for interim financial information and the instructions to Form 10-Q. Accordingly, they do not include all of the information and footnotes required by US GAAP for complete financial statements. In the opinion of the Company’s management, all adjustments (consisting only of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the three-month period ended March 31, 2008 are not necessarily indicative of the results that may be expected for the full fiscal year ending December 31, 2008. The accompanying financial statements should be read in conjunction with the audited financial statements of the Company for the fiscal year ended December 31, 2007.

	2021	2020

Cash Flows from Operating Activities
Net loss	$(4,376)	$-
Changes in operating assets and liabilities
Prepaid expenses	(4,292)	-
Accounts payable	(3,200)	-

Net Cash Used in Operating Activities	(11,868)	-

Cash Flows from Financing Activities
Notes payable - net changes	9,050	-

Net Cash Provided by Financing Activities	9,050	-

Net Change in Cash	(2,818)	-

Cash and Cash Equivalents - Beginning of period	3,035	-

Cash and Cash Equivalents - End of period	$217	$-

The interim condensed consolidated financial statements include the accounts of Cordia Corporation (“Cordia”) and the accounts of our wholly owned subsidiaries Cordia Communications Corp. (“CCC”), My Tel Co, Inc (“My Tel”), Cordia International Corp. (“CIC”), and its subsidiaries, CordiaIP Corp. (“CordiaIP”), and Midwest Marketing Group, Inc. (“Midwest”), and its subsidiary, as of March 31, 2008 and December 31, 2007, and for the three months ended March 31, 2008 and March 31, 2007. Cordia and its subsidiaries are collectively referred to herein as the “Company.” All material intercompany balances and transactions have been eliminated.F-5

CORDIA CORPORATION

NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS

THREE MONTHS ENDED MARCH 31, 2021 AND MARCH 31, 2020

(UNAUDITED)

1.NATURE OF THE BUSINESS AND BASIS OF PRESENTATION

Description of Business

Cordia Corporation. (the Company) was incorporated in the State of Nevada on April 28, 2000 under the name CyberOpticLabs Inc. On May 25, 2001, the Company filed Articles of Amendment to change the name to Cordia Corporation. The Company is headquartered in Las Vegas, Nevada.

The Company’s focus starting in 2020, is on the emerging field of ghost kitchens and virtual restaurants. The Company seeks to build its business based on meeting customer demand for unique on-premises dining and premises convenience. The Company’s plan is to create a portfolio of virtual restaurants appealing to a broad customer base. The Company is actively seeking to acquire locations for ghost kitchens to meet the growth in app-based ordering.

Virtual Dining Brands, LLC, a wholly owned subsidiary is organizing a network of social media influencers to support each launch. All of its celebrity and brand partners will be contractually required to regularly post on their social channels. Additionally, the company is working with a variety of influencers ranging from micro influencers in specific cities to recognized food accounts with significant followings to promote the company’s menus.

The Company is also developing a TikTok inspired kitchen in Los Angeles which will allow its chefs, influencers and brands to develop short form promotional content for the company’s branded restaurants.

Basis of Presentation

The financial statements of the Company have been prepared in conformity with U.S. generally accepted accounting principles (GAAP).

The consolidated financial statements include the accounts of the Company and its wholly owned subsidiary. All intercompany balances and transactions have been eliminated.

Going Concern

~~These~~The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern., ~~The~~which ~~Company~~contemplates ~~has~~the ~~incurred~~realization ~~a net loss~~ of ~~approximately~~assets ~~$(838,000)~~and ~~for~~ the ~~three~~liquidation ~~months~~of ~~ended~~liabilities ~~March~~in ~~31,~~the ~~2008,~~normal ~~and~~course ~~also has a negative working capital~~ of ~~approximately~~business. ~~$10,892,000~~The ~~and~~Company ahas ~~deficiency~~an inaccumulated ~~stockholders'~~deficit ~~equity~~ of ~~approximately~~ $48,~~784~~286,~~000~~116 as of March 31, ~~2008~~2021. The ~~These~~Company ~~conditions~~commenced ~~raise~~operations ~~substantial~~in ~~doubt~~2020. ~~about~~The ~~the~~ Company's ~~ability~~cannot tobe ~~continue~~certain ~~as a going concern. Management believes~~ that ~~the~~it ~~Company~~ will be ~~able~~successful toin ~~generate~~these ~~sufficient~~strategies ~~cash~~or ~~flows~~whether ~~from~~it ~~operations~~will torequire ~~meet~~additional ~~its~~funding, ~~obligations~~nor asis ~~they~~it ~~come~~certain ~~due~~that ~~during~~ the ~~remainder~~required ~~of 2008. In its efforts to strengthen its financial position the Company may also have to raise cash from additional sources such as short–term~~ funding, towill ~~cover~~be ~~short-term cash deficiencies that may arise~~obtained.

~~Note~~ 2:.SUMMARY ~~Restatement~~OF ofSIGNIFICANT ~~Financial~~ACCOUNTING ~~Statements~~POLICIES

InUse ~~preparing the Form 10-Q, for the quarter ended March 31, 2008, we determined that there were errors in the prior year’s financial statements. There was an overstatement~~ of revenues and related accounts receivable and an understatement of our cost of revenues and related accounts payable for the prior period, requiring the restatement of our financial statements for the fiscal year ended December 31, 2007. In addition, included in the preliminary estimated fair values of assets acquired and liabilities assumed at the date of acquisition of Midwest Marketing Group, Inc., was an overstatement of accounts receivable due to an inclusion of an intercompany account of $105,000 in the balance. This overstated accounts receivable and understated goodwill by $105,000. Estimates

AsThe apreparation ~~result~~ of ~~the~~financial ~~adjustments~~statements ~~described~~in ~~above,~~conformity ~~our~~with GAAP requires management ~~concluded,~~to ~~and~~make ~~informed~~estimates ~~the~~and ~~Audit~~assumptions ~~Committee~~that ofaffect the ~~Company's~~reported ~~Board~~amounts of ~~Directors~~assets and inliabilities ~~a current report on Form 8-K filed on May 15, 2008, that (1) our previously issued financial statements~~ and ~~any~~disclosure ~~related report~~ of ~~our~~contingent ~~independent~~assets ~~registered~~and ~~public~~liabilities ~~accounting~~at ~~firm for~~ the ~~fiscal~~date ~~years ended December 31, 2007 should no longer be relied upon because~~ of the ~~aforementioned errors in those~~ financial statements, ~~(2) our earnings~~ and ~~press releases and similar communications should no longer be relied upon to~~ the ~~extent~~reported ~~that~~amounts ~~they~~of ~~relate~~revenues ~~to these financial statements,~~ and ~~(3)~~expenses ~~our~~during ~~financial~~the ~~statements~~reporting ~~and~~period. ~~Original~~Actual ~~Form~~results ~~10-K~~could ~~for~~differ ~~the~~from ~~fiscal~~those ~~year~~estimates. ~~ended~~Significant ~~December~~items ~~31,~~subject ~~2007 should be restated~~ to ~~reflect~~such ~~the~~estimates ~~correct~~and ~~accounting~~assumptions ~~for~~include ~~the~~valuation ~~items~~of ~~discussed~~intangible ~~above~~assets.

F- ~~4 -~~6

~~CORDIA~~Recent ~~CORPORATION~~Accounting ~~AND SUBSIDIARIES~~Pronouncements

~~NOTES~~In TOJune ~~CONDENSED~~2016, ~~CONSOLIDATED~~the ~~FINANCIAL~~FASB ~~STATEMENTS~~issued ASU 2016-13, Financial Instruments - Credit Losses, (“ASU 2016-13”). ASU 2016-13 changes the impairment model for most financial assets and certain other instruments, including trade and other receivables, available for-sale debt securities, held-to-maturity debt securities and loans, and requires entities to use a new forward-looking expected loss model that will result in the earlier recognition of an allowance for losses. This update is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. Early adoption is permitted for a fiscal year beginning after December 15, 2018, including interim periods within that fiscal year. Entities apply the standard’s provisions as a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the guidance is adopted. As of December 31, 2019, this new standard has no impact on the current financial reporting.

~~Period~~On ~~Ended~~January ~~March~~26, 2017, the FASB issued ASU No. 2017-04, Simplifying the Test for Goodwill Impairment. The new standard eliminates Step 2 from the goodwill impairment test. An entity should recognize a goodwill impairment charge for the amount by which the carrying amount exceeds the reporting unit's fair value. This standard is effective for public business entities in fiscal years beginning after December 15, 2019, and the standard was adopted and applied prospectively by the Company as of December 31, ~~2008~~2019, this new standard has no impact on the current financial reporting.

~~(Unaudited)~~New Accounting Pronouncement

~~Note~~In 3:December 2019, the FASB issued ASU 2019-12, Simplifying the Accounting for Income Taxes, (~~Loss~~"ASU 2019-12") ~~Per~~which ~~Share~~simplifies the accounting for income taxes, eliminates certain exceptions within ASC 740, Income Taxes, and clarifies certain aspects of the current guidance to promote consistency among reporting entities. The new standard is effective for fiscal years beginning after December 15, 2020. Most amendments within the standard are required to be applied on a prospective basis, while certain amendments must be applied on a retrospective or modified retrospective basis. We do not expect adoption of this standard to have a material effect on our financial statements.

~~(Loss)~~Cash ~~per~~Equivalents common share are calculated under the provisions of SFAS No. 128, “Earnings per Share.” SFAS No. 128 requires the Company to report both basic earnings per share, which is based on the weighted-average number of common share outstanding, and ~~diluted earnings per share, which is based on the weighted~~Short-~~average~~Term number of common shares outstanding plus all potential dilutive common shares outstanding. Diluted (loss) per share for 2008, and 2007, is the same as basic earnings per share as the effect of the common stock purchase options and warrants outstanding, on such calculation, would have been anti-dilutive.Investments

~~Weighted~~For ~~average~~purposes ~~number~~ of ~~shares~~the ~~outstanding~~statement ~~was~~of ~~6,296,611,~~cash ~~and 5~~flows,~~620,924~~ ~~for~~cash ~~three~~equivalents ~~months~~include ~~ended~~demand ~~March 31~~deposits, ~~2008,~~money ~~and~~market ~~2007~~funds, ~~respectively. Potentially~~and ~~dilutive~~all ~~weighted-average~~highly ~~shares~~liquid ~~that~~debt ~~were~~instructions ~~excluded~~with inoriginal ~~the~~maturities ~~calculation~~ of ~~diluted earnings per share, as their impact would be anti-dilutive, aggregated 1,077,833 and 1,107,625, vested stock options, for the~~ three ~~month~~months ~~periods~~or ~~ended March 31, 2008 and 2007, respectively~~less.

~~Note~~Financial ~~4: Recent Accounting Pronouncements Affecting the Company~~Instruments

~~Statement~~The ofFASB ~~Financial~~issued ~~Accounting~~ASC ~~Standard~~820-10, Fair ~~No.~~Value ~~161,~~Measurements and Disclosures, ~~About~~for ~~Derivative~~financial ~~Instruments~~assets and ~~Hedging~~liabilities. ASC ~~Activities~~820-10 ~~(SFAS~~provides Noa framework for measuring fair value and requires expanded disclosures regarding fair value measurements. ASC ~~161)~~820-10 defines fair value as the price that would be received for an asset or the exit price that would be paid to transfer a liability in the principal or most advantageous market in an orderly transaction between market participants on the measurement date. ASC 820-10 also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs, where available. The following summarizes the three levels of inputs required by the standard that the Company uses to measure fair value:

In March 2008, the Financial Accounting Standards Board (FASB) issued FASB Statement No. 161, Disclosures About Derivative Instruments and Hedging Activities. The new standard is intended to improve financial reporting about derivative instruments and hedging activities by requiring enhanced disclosures to enable investors to better understand their effects on an entity’s financial position, financial performance, and cash flows. It is effective for financial statements issued for fiscal years and interim periods beginning after November 15, 2008, with early application encouraged. The Company is currently evaluating the impact of adopting SFAS. No. 161 on its financial statements.

-	Level 1: Quoted prices in active markets for identical assets or liabilities

-	Level 2: Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the related assets or liabilities.

~~Statement of Financial Accounting Standard 141 Revised (“SFAS No. 141(R)”): Business Combinations~~F-7

In- ~~December~~Level ~~2007,~~3: ~~the~~Unobservable ~~Financial~~inputs ~~Accounting~~that ~~Standards~~are ~~Board~~supported ~~(“FASB”)~~by ~~issued~~little ~~Statement~~or ofno ~~Financial~~market ~~Accounting~~activity Standards (“SFAS”) No. 141 (revised 2007), Business Combinations, which replaces SFAS No 141. The statement retains the purchase method of accounting for acquisitions, but requires a number of changes, including changes in the way assets and ~~liabilities~~that are ~~recognized~~significant into the ~~purchase accounting. It also changes the recognition of assets acquired and liabilities assumed arising from contingencies, requires the capitalization of in-process research and development at~~ fair value, ~~and requires the expensing~~ of ~~acquisition-related costs as incurred. SFAS No. 141R is effective for business combinations for which~~ the ~~acquisition~~assets ~~date is on~~ or ~~after the beginning of the first annual reporting period beginning on or after December 15, 2008~~liabilities.

~~Statement~~Concentrations ofand ~~Financial~~Credit ~~Standard No. 160 (“SFAS No. 160”) Noncontrolling interest in Consolidated Financial Statements – an amendment of ARB 51~~Risk

InThe December 2007, the FASB issued SFAS No. 160 “Noncontrolling Interests in Consolidated Financial Statements an Amendment of ARB No. 51.” SFAS 160 establishes accounting and reporting standards pertaining to ownership interests in subsidiaries held by parties other than the parent, the amount of net income attributable to the parent and to the noncontrolling interest, changes in a parentCompany’s ~~ownership~~financial ~~interest,~~instruments ~~and the valuation of any retained noncontrolling equity investment when a subsidiary is deconsolidated. This statement also establishes disclosure requirements~~ that ~~clearly~~are ~~identify~~exposed ~~and~~to ~~distinguish~~concentrations ~~between the interests of the parent~~ and ~~the~~credit ~~interests~~risk ofprimarily ~~the~~consist ~~noncontrolling owners. SFAS 160 is effective for fiscal years beginning on or after December 15, 2008. The adoption~~ of ~~SFAS~~its ~~160 is not currently expected to have a material effect on the Company’s consolidated financial position~~cash, ~~results~~and ofaccounts ~~operations, or cash flows~~payable.

Cash - 5The -Company places its cash and cash equivalents with financial institutions of high credit worthiness. At times, its cash and cash equivalents with a particular financial institution may exceed any applicable government insurance limits. The Company’s management plans to assess the financial strength and credit worthiness of any parties to which it extends funds, and as such, it believes that any associated credit risk exposures are limited.

~~CORDIA~~Foreign ~~CORPORATION~~Currency ~~AND SUBSIDIARIES~~Translation

~~NOTES~~The TOaccounts ~~CONDENSED~~of ~~CONSOLIDATED~~the ~~FINANCIAL~~Company ~~STATEMENTS~~are accounted for in accordance with the Statement of Financial Accounting Statements No. 52 (“SFAS 52”), “Foreign Currency Translation”. The financial statements of the Company are translated into US dollars as follows: assets and liabilities at year-end exchange rates; income, expenses and cash flows at average exchange rates; and shareholders’ equity at historical exchange rate.

~~Period~~Monetary ~~Ended~~assets ~~March~~and 31liabilities, ~~2008~~and the related revenue, expense, gain and loss accounts, of the Company are re-measured at year-end exchange rates. Non-monetary assets and liabilities, and the related revenue, expense, gain and loss accounts are re-measured at historical rates. Adjustments which result from the re-measurement of the assets and liabilities of the Company are included in net income.

~~(Unaudited)~~Share-Based Compensation

~~Note~~ASC 4:718, ~~Recent~~Compensation ~~Accounting~~– Stock ~~Pronouncements~~Compensation, ~~Affecting~~prescribes accounting and reporting standards for all share-based payment transactions in which employee services are acquired. Transactions include incurring liabilities, or issuing or offering to issue shares, options, and other equity instruments such as employee stock ownership plans and stock appreciation rights. Share-based payments to employees, including grants of employee stock options, are recognized as compensation expense in the ~~Company~~financial statements based on their fair values. That expense is recognized in the period of grant.

~~Statement~~The Company accounts for stock-based compensation issued to non-employees and consultants in accordance with the provisions of ~~Financial~~ASC ~~Accounting~~505-50, ~~Standard~~Equity ~~159~~– Based Payments to Non-Employees. Measurement of share-based payment transactions with non-employees is based on the fair value of whichever is more reliably measurable: (~~“SFAS~~a) ~~159”~~the goods or services received; or (b): the equity instruments issued. The ~~Fair~~fair ~~Value~~value ~~Option~~of ~~for~~the ~~Financial~~share-based ~~Assets~~payment ~~and~~transaction ~~Financial~~is ~~Liabilities~~determined at the earlier of performance commitment date or performance completion date.

InAs ~~February~~of ~~2007,~~March ~~the FASB issued SFAS No. 159~~31, ~~"The~~2021 ~~Fair Value Option for Financial Assets~~ and ~~Financial~~2020, ~~Liabilities"~~respectively, ~~(SFAS~~there ~~No.~~was ~~159).~~$Nil ~~SFAS~~of ~~No.~~unrecognized ~~159~~expense ~~permits~~related ~~entities~~ to ~~choose~~non-vested ~~to measure, on an item~~stock-~~by-item~~based ~~basis,~~compensation ~~specified~~arrangements ~~financial instruments and certain other items at fair value~~granted. ~~Unrealized~~There ~~gains~~have ~~and losses on items for which the fair value option has~~ been ~~elected~~no ~~are~~options ~~required~~granted toduring ~~be reported in earnings at each reporting date. SFAS No. 159 is effective for fiscal years beginning after November 15, 2007,~~ the ~~provisions~~three ofmonths ~~which~~ended ~~are~~March ~~required to be applied prospectively. The Company adopted this Statement as of January 1~~31, ~~2008~~2021 and ~~has~~2020 ~~elected not to apply the fair value option to any of its financial instruments~~respectively.

~~Statement of Financial Accounting Standard No. 157, Fair Value Measurements (SFAS No. 157)~~F-8

InIncome September 2006, the FASB issued SFAS No. 157, Fair Value Measurements, which defines fair value, establishes a framework for measuring fair value in generally accepted accounting principles, and expands disclosures about fair value measurements. This statement does not require any new fair value measurements, but provides guidance on how to measure fair value by providing a fair value hierarchy used to classify the source of the information. SFAS No. 157 is effective for fiscal years beginning after November 15, 2007, and all interim periods within those fiscal years. In February 2008, the FASB released FASB Staff Position (FSP FAS 157-2 – Effective Date of FASB Statement No. 157) which delays the effective date of SFAS No. 157 for all nonfinancial assets and nonfinancial liabilities, except those that are recognized or disclosed at fair value in the financial statements on a recurring basis (at least annually), to fiscal years beginning after November 15, 2008 and interim periods within those fiscal years. The implementation of SFAS No. 157 for financial assets and liabilities, effective January 1, 2008, did not have an impact on the Company’s financial position and results of operations. The Company is currently evaluating the impact of adoption of this statement on its non-financial assets and liabilities in the first quarter of fiscal 2009. Taxes

~~Note~~The 5:Company ~~Restricted~~accounts ~~Cash~~for income taxes under ASC 740, Income Taxes. Under the asset and liability method of ASC 740, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period the enactment occurs. A valuation allowance is provided for certain deferred tax assets if it is more likely than not that the Company will not realize tax assets through future operations. Deferred tax assets or liabilities were off-set by a 100% valuation allowance, therefore there has been no recognized benefit as of March 31, 2021 and 2020 respectively. Further it is unlikely with the change of control that the Company will have the ability to realize any future tax benefits that may exist.

AsCommitments a result of expanding our wireline service offerings into additional states covered by our commercial services agreement with Qwest Communications International, Inc. (“Qwest”) we obtained a Letter of Credit (“LOC”) for the benefit of Qwest in the amount of $143,000. The LOC is secured by funds which we deposited into a restricted money market account. The LOC is effective for a term of one (1) year from June 25, 2007. In addition, our newly acquired entity Northstar Telecom, Inc. (“NST”), has a $30,000 LOC with Verizon, raising our amount of restricted cash at March 31, 2008 and ~~December 31, 2007 to approximately $175,000 and $174,000, respectively, which includes accrued interest of approximately $2,000 and $1,000.~~ Contingencies

~~Note~~The 6:Company ~~Acquisitions~~follows ASC 450-20, Loss Contingencies, to report accounting for contingencies. Liabilities for loss contingencies arising from claims, assessments, litigation, fines and penalties and other sources are recorded when it is probable that a liability has been incurred and the amount of the assessment can be reasonably estimated.

~~Midwest~~Earnings ~~Marketing~~Per ~~Group, Inc.~~Share

OnNet ~~August~~income ~~15,~~(loss) ~~2007~~per share is calculated in accordance with ASC 260, ~~the~~Earnings ~~Company~~Per ~~completed~~Share. ~~the~~The ~~purchase~~weighted-average number of ~~Midwest~~common ~~Marketing~~shares ~~Group,~~outstanding ~~Inc.~~during ~~(“Midwest”),~~each aperiod ~~Nebraska~~is ~~corporation. MyTel~~used ~~purchased~~to ~~all~~compute ofbasic ~~the~~earnings ~~outstanding~~or ~~common~~loss ~~stock~~per ofshare. ~~Midwest~~Diluted ~~resulting~~earnings inor ~~the~~loss ~~acquisition~~per ofshare ~~both~~is ~~Midwest~~computed ~~and~~using ~~its~~the ~~wholly-owned~~weighted ~~subsidiary~~average ~~Northstar~~number ~~Telecom,~~of ~~Inc.,~~shares aand ~~Nebraska~~diluted ~~corporation~~potential ~~that~~common ~~operates~~shares asoutstanding. aDilutive ~~competitive~~potential ~~local~~common ~~exchange~~shares ~~carrier~~are ~~primarily~~additional incommon ~~the~~shares ~~Qwest~~assumed ~~territory~~to be exercised.

-Basic 6net income (loss) per common share is based on the weighted average number of shares of common stock outstanding at March 31, 2021 and March 31, 2020 respectively. Due to net operating loss, there is no presentation of dilutive earnings per share, as it would be anti-dilutive.

~~CORDIA~~Forgiveness ~~CORPORATION~~of ~~AND SUBSIDIARIES~~Indebtedness

~~NOTES~~The TOCompany ~~CONDENSED~~follows ~~CONSOLIDATED~~the ~~FINANCIAL~~guidance ~~STATEMENTS~~of AS 470.10 related to debt forgiveness and extinguishment. Debts of the Company are considered extinguished when the statute of limitations in the applicable jurisdiction expire, or when terminated by judicial authority such as the granting of a declaratory judgment. Debts to related parties or shareholders are treated as capital transactions when forgiven or extinguished and credited to additional paid in capital. Debts to non-related parties are treated as other income when forgiven or extinguished.

~~Period~~3.NOTE ~~Ended March 31, 2008~~PAYABLE

~~(Unaudited)~~Amounts due to Peter Klamka, are unsecured, non-interest bearing and have no fixed terms of repayment.

~~Note~~Amounts due to Lyons Capital Inc. are unsecured, and bear interest at the annual rate of 6:%. The ~~Acquisitions~~loan ~~(cont’d)~~is due April 27, 2021.

~~The following unaudited pro forma information of the Company for the three months ended March 31, 2007 is provided to give effect to the Midwest acquisitions assuming it occurred as of January 1, 2007~~4. INCOME TAXES

Income taxes are provided based upon the liability method. Under this approach, deferred income taxes are recorded to reflect the tax consequences in future years of differences between the tax basis of assets and liabilities and their financial reporting amounts at each year-end. A valuation allowance is recorded against deferred tax assets if management does not believe the Company has met the “more likely than not” standard imposed by accounting standards to allow recognition of such an asset.

The pro forma information presented above is for illustrative purposes only and is not indicative of results that may have been achieved if the acquisition had occurred as of the beginning of the Company’s 2007 fiscal year or of future operating performance.F-9

~~Canal~~Deferred ~~West~~tax assets/liabilities were as follows as of March 31, 2021 and 2020:

On July 31, 2006, the Company acquired a 51% interest in Canal West Soluções Informàtica Ltda, a Brazilian corporation originally formed as a limited liability partnership for a cash price of $45,000. On February 1, 2007, the Company increased its interest in Canal West from 51% to 77.75%. In return for the issuance of an additional 149,137 shares of Canal West, the Company invested an additional $50,000 as working capital. On April 2, 2007, the minority shareholders of Canal West sold their 22.25% interest to the Company.

Description	2021	2020

Net operating loss carry forward	$ 8,286,116	$ 8,280,276
Valuation allowance	(8,286,116)	(8,280,276)
Total	$ -	$ -

~~Loans~~As ~~Receivable~~of March 31, 2021, the Company expected no net deferred tax assets to be recognized, resulting from net operating loss carry forwards. Deferred tax assets were offset by a corresponding allowance of 100%.

~~In March 2008 the Company signed a letter of intent to acquire the six companies comprising the TSI Group (“TSI”), a distributor of prepaid telecommunications services~~5.BUSINESS In addition, Cordia will enter into an investment agreement to acquire a minority interest in Wholetel, Inc., a startup company affiliated with TSI that operates a turnkey products and services delivery system for retailers and consumers. The transaction is subject to satisfactory completion of due diligence. During the three months ended March 31, 2008 the Company loaned approximately $340,000 to TSI, subject to personally guaranteed secured promissory notes. The loans do not bear interest for 120 days, after which the interest rate is 18% on the unpaid balances.ACQUISITION

~~Note~~On ~~7: Impairment~~May 6, 2020, the Company entered into an agreement with Rideshare, Las Vegas, LLC a related entity owned by Peter Klamka, for the purchase of ~~Goodwill~~a leasehold interest in a restaurant owned by it, known as Blind Pig situated at 4515 Dean Martin Drive, Las Vegas, Nevada.

The ~~Company~~restaurant ~~accounts~~will ~~for~~be ~~its~~generating ~~goodwill~~revenue inthrough ~~accordance~~the ~~with~~sale ~~Statements~~ of ~~Financial~~ready ~~Accounting~~to ~~Standards~~eat ~~(“SFAS”)~~meals ~~No.~~on ~~142~~premises ~~“Goodwill~~ and ~~Other Intangible Assets,” which requires the Company to test goodwill~~ for ~~impairment annually or whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable~~takeout. ~~Goodwill~~ ~~acquired~~Revenue ~~in the purchase of Midwest~~ will also be ~~reviewed~~generated ~~for~~through ~~possible impairment at least annually. During~~ the ~~quarter~~catering ~~ended March 31~~services, ~~2007,~~private ~~the~~party ~~Company determined that the carrying amount of the goodwill associated with the purchase of Triamis Group Limited (“Triamis”) exceeded its fair value~~rentals, ~~which~~and ~~was~~merchandise ~~estimated based on the present value of expected future cash inflows~~sales. ~~Accordingly, a goodwill impairment loss of $284,117 was recognized. Management does not believe that there is any impairment at March 31, 2008.~~

-The 7purchase -price for the leasehold interest is $1,500,000, to be paid for by issuance of a promissory note bearing interest at the rate of 5% per annum. The note calls for principal repayments of $25,000 per month commencing November 1, 2020 over five years. Interest will accrue during the term of note and paid after all principal payments had been made. The promissory note contains the option of conversion into common stock at a price of $0.50 per common share.

~~CORDIA~~Due ~~CORPORATION~~to ~~AND~~COVID-19 ~~SUBSIDIARIES~~pandemic and the significant drop in revenue, it became clear that the Company would not be able to honor its future obligations under the promissory note. On September 30, 2020 by mutual agreement both parties agreed to the cessation of the May 6, 2020 agreement. Consequently, the leasehold interest was returned to Rideshare. Any accrued interest from May 6, 2020 to September 30, 2020 was set up as if paid and shown as a loan to Peter Klamka who is also the owner of Rideshare.

~~NOTES~~In TOJanuary ~~CONDENSED~~2021, ~~CONSOLIDATED~~the ~~FINANCIAL~~Company ~~STATEMENTS~~received a term sheet for a future agreement to be completed with Busta Rhymes, to license the use of Busta’s name, image and trademarks for 2 years, for which the Company would give the licensor, Busta, 50% of net revenues generated under the agreement as a royalty fee, and also to issue 200,000 shares of its common stock to the owner of Busta. The conditions relating to this acquisition have not been completed as of March 31, 2021.

~~Period~~6.SUBSEQUENT ~~Ended March 31, 2008~~EVENTS

~~(Unaudited)~~Management has evaluated subsequent events through the date of filing the financial statements with OTC Markets, the date the consolidated financial statements were available to be issued. Management is not aware of any significant events that occurred subsequent to the balance sheet date that would have a material effect on the consolidated financial statements thereby requiring adjustment or disclosure.

~~Note 8: Intangible Assets~~F-10

Intangible assets, which were comprised of customer lists, are included in security deposits and other assets on our balance sheet At March 31, 2008 and December 31, 2007, our intangible assets are as follows:

	Gross Carrying Amount	Accumulated Amortization	Net Carrying Amount
March 31, 2008	$ 832,000	$ 112,000	$ 720,000
December 31, 2007	$ 713,000	$ 156,000	$ 557,000

The intangible assets increased $224,000 during the first quarter of 2008, due to acquired customer lists. The aggregate intangible amortization expense was $61,000 and $9,000 for the three months ended March 31, 2008 and 2007, respectively. In addition, in the first quarter, the Company retired $105,000 of fully amortized intangible assets, impacting both the gross carrying amount and accumulated amortization by this amount.

Note 9: Receivable Financing

The Company sells its trade accounts receivable on a pre-approved, non-recourse basis. The accounts are sold at the invoice amount subject to a factor commission of 1.25% and other miscellaneous fees. Trade accounts receivable not sold remain in the Company's custody and control and the Company maintains all credit risk on those accounts.

As of March 31, 2008, approximately $1,642,000 of the Company’s trade accounts receivable were non-recourse receivables due from the factor. Summarized below are the components of the Company’s trade accounts receivable:

Trade accounts receivable			$ 1,995,000
Less: allowance for bad debts			(1,481,000)
			514,000
Due from factor			1,642,000
Net accounts receivable			$ 2,156,000

During the first quarter of 2008, the Company received $8,782,000 under this agreement.

Note 10: Foreign Currency Transactions

The functional currency of Triamis and Cordia HK Limited (“Cordia HK”) is the local currency, the Hong Kong dollar (“HK$”), the functional currency of CC Brazil f/k/a Canal West is the local currency, the Brazilian Real (“R$”), and the functional currency of Cordia Phils, Inc. is the local currency, the Filipino Peso (“P$”). For these foreign operations, the assets and liabilities have been translated into US dollars using period-end exchange rates in effect as of the balance sheet date and revenue and expenses have been translated using average daily exchange rates for the period. The resulting cumulative translation adjustment of approximately $58,000 is included in comprehensive (loss) as a separate component of stockholders’ equity in the consolidated balance sheet.

Note 11: Employee Stock Compensation

Stock based compensation cost is measured at grant date, based on the fair value of the award, and is recognized over the employee requisite service period. Stock based compensation of approximately $47,000 and $75,000 was recognized in the three months ended March 31, 2008 and 2007, respectively. This amount was included in general and administrative expense. No deferred tax benefit has been recognized for share based compensation arrangements. There were no options granted for the three month periods ended March 31, 2008 and 2007.

- 8 -

CORDIA CORPORATION AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

Period Ended March 31, 2008

(Unaudited)

Note 11: Employee Stock Compensation (cont’d)

As of March 31, 2008 the total unrecognized compensation cost of $184,000 related to non-vested awards is expected to be recognized over a weighted-average period of approximately 1.3 years.

The following table summarizes our stock option activity:

		Weighted-Average
	Stock Options	Exercise Price
Outstanding, beginning of year	1, 795,500	$1.20
Exercised	-
Cancelled/Forfeited	(867,000)	$0.71
Options outstanding, March 31, 2008	928,500	$1.66

The weighted-average remaining contractual term was approximately 3.3 years for stock options outstanding as of March 31, 2008.

Note 12: Commitments

Network Commitments

The Company has minimum commitments with network providers through 2012. The aggregate minimum commitment is approximately $3,000,000 in 2008 increasing to approximately $4,000,000 in 2012.

Tax Contingencies

The Company complies with the provisions of FASB Interpretation No. 48, Accounting for Uncertainty in Income Taxes – An Interpretation of FASB Statement No. 109 ("FIN No. 48"). There have been no material changes in the total unrecognized tax benefits, interest or penalties attributable to uncertain tax positions during the first quarter of 2008.

Note 13: Purchase of Treasury Stock

On May 30, 2007, the Board of Directors of Cordia unanimously authorized Cordia’s management to spend an aggregate of $500,000, until such time that the authorized amount is exhausted, to re-purchase Cordia’s common and preferred stock so long as the market price did not exceed $1 per share and when market conditions favorable for that purpose prevail.

			Total # of Shares
			Purchased as Part	Approximate Dollar Value of Shares
	Total # Shares	Average Price	of Publicly Announced	that May Yet be Purchased Under
Period	Purchased(1)	Per Share (2)	Plans or Programs*	Plans or Programs(3)
01/01/08-01/31/08	33,200	$0.60	All	$265,000

*All purchases were made in open-market transactions pursuant to the Board’s action taken on May 30, 2007.

(1) These shares were bought in four (4) separate transactions of 15,700 shares at $0.60 per share, 10,000 shares at $0.55 per share, 5,000 shares at $0.60 and 2,500 shares at $0.60 per share for an aggregate cost of $19,420 plus brokerage fees.

(2) Price per share includes brokerage and commission fees.

(3) The last purchase made under this plan occurred in January 2008.

- 9 -

CORDIA CORPORATION AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

Period Ended March 31, 2008

(Unaudited)

Note 14: Business Segment and Geographic Information

The Company is operating in a single business segment, in accordance with the rules of SFAS No. 131 (“Disclosure About Segments of an Enterprise and Related Information”). Although the Company’s business is primarily conducted in the United States, operations are also carried out overseas through our foreign subsidiaries in the Philippines, Hong Kong and Brazil. Information about the Company’s operations by geographic area is as follows:

Three Months Ended March 31,	2008	2007
Revenues
United States	$ 11,645,000	$ 10,194,000
Foreign	371,000	43,000
	$ 12,016,000	$ 10,237,000
	March 31, 2008	December 31, 2007
Long-lived assets
United States	$ 6,073,000	$ 5,999,000
Foreign	1,051,000	988,000
	$ 7,124,000	$ 6,987,000
Total assets
United States	$ 10,318,000	$ 10,559,000
Foreign	1,649,000	1,522,000
	$ 11,967,000	$ 12,081,000

Note 15: Subsequent Events

Grant of Employee Stock Options

On April 1, 2008, the Board of Directors voted unanimously to grant incentive stock options to purchase an aggregate 560,500 shares of the Company’s common stock to various key employees and its directors, pursuant to the Company’s Amendment to the 2001 Equity Incentive Plan. The shares were granted with an exercise price of $0.52 per share, said exercise price being equal to 100% of the fair market value of the Common Stock on April 1, 2008. Such options shall vest and become exercisable with 50% of the shares granted vesting and exercisable upon the first anniversary of the grant date, and 25% vesting and exercisable on the second and third anniversaries of the grant date. The options shall terminate on the fifth anniversary of the grant date or immediately upon the grantee’s resignation or termination from his/her service to the Company.

- 10 -

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OR PLAN OF OPERATIONS.

Certain statements in this Report constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Factors that might cause such a difference include, among others, uncertainties relating to general economic and business conditions; industry trends; changes in demand for our products and services; uncertainties relating to customer plans and commitments and the timing of orders received from customers; announcements or changes in our pricing policies or that of our competitors; unanticipated delays in the development, market acceptance or installation of our products and services; changes in government regulations; availability of management and other key personnel; availability, terms and deployment of capital; relationships with third-party equipment suppliers; and worldwide political stability and economic growth. The words "believe," "expect," "anticipate," "intend," "plan," and similar expressions identify forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statement was made.

Critical Accounting Policies and Estimates

The preparation of financial statements and related disclosures in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the amounts reported in the unaudited interim Condensed Consolidated Financial Statements and accompanying notes. Management bases its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances. Actual results could differ from these estimates under different assumptions or conditions. The Company believes there have been no significant changes during the three month period ended March 31, 2008, to the items disclosed as significant accounting policies in management's Notes to Consolidated Financial Statements in the Company's Annual Report on Form 10-K/A for the year ended December 31, 2007.

Overview

We are a global telecommunications firm generating our revenue from the provision of telecommunications services domestically and internationally to business, residential, and wholesale customers. We provide both local and long distance services utilizing traditional wireline and VoIP technologies. Historically, our traditional bundled wireline service offerings have represented a majority of our revenue, followed by revenue derived from our VoIP service offerings and business process outsourced services. We believe that this trend will continue in 2008, as we continue our expansion domestically into new states and internationally into new markets. We believe the acquisition of a telemarketing firm and competitive local exchange carrier, along with the launch of our call center in the Philippines will encourage this trend as it resulted in an increased line count and gave us the ability to lower our customer acquisition costs.

Our traditional wireline service offerings include local exchange, local access, domestic and international long distance telephone services, and a full suite of local features and calling plans to small business and consumers in various states throughout the country, primarily in the Qwest and Verizon territories. We recently reached a commercial agreement with another non-incumbent local exchange carrier in an effort to expand our footprint, keep costs low, and reduce our reliance on the incumbent carriers.

Our VoIP service offerings include a flat rate plan starting as low as $14.95 per month, combined with a full suite of enhanced features which make our service an attractive value proposition to existing and potential customers. Customers also have the option of choosing their desired area code with this service, being able to choose from more than forty (40) countries and cities worldwide for their telephone number regardless of their physical location – making any long distance or international call local. As a complement to our mainstream VoIP service offering we also provide a fully integrated Spanish language VoIP service through our wholly owned subsidiary VOszIP, Corp. (“VOszIP”). In addition, our service portfolio includes our Magellan™ service which is supported by our internally developed VoIP network. Magellan™ customers get their own personal international telephone number or extension that is routed through our IP platform to the customers landline or mobile phone allowing customers to be reached anywhere in the world at local rates. We believe this service offering will be attractive to executives traveling abroad and ex-patriates who need to stay in touch with their colleagues, friends and family. We use this product internally to keep in touch with our offices and employees located abroad and/or on field assignment. As a

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result, we are constantly testing the integrity of the service and making improvements on functionality based on our experience with the service.

We also offer an extensive outsourced service product line, which includes as its primary offering outsourced billing on a wholesale basis to telecommunications service providers. Our wholesale customers have access to our secure Internet enabled software systems in which user-friendly web client front-ends called Workspaces™ serve as an interface for integration with our software systems. The full suite of services available is described in its entirety in the Business Process Outsourcing (BPO) Service below.

Wireline Services

We offer small business and residential consumers wireline service by leasing a portion of the network owned by other, larger telecommunications carriers, namely Verizon and Qwest. These leasing arrangements are controlled by multi-state, multi-year interconnection and commercial services agreements that allow us to offer telecommunications services to consumers without incurring the capital expenditures associated with building our own network. We have executed amendments to these agreements securing long-term extensions and continued access to their networks. We also recently entered into a commercial services agreement with McLeodUSA, Inc., which will allow for the expansion of our geographic footprint as well broaden our underlying service provider portfolio and diminish our reliance on larger telecommunications carriers.

We offer local exchange, local access, domestic and international long distance telephone services, and a full suite of local features and calling plans to small business and residential consumers in Colorado, Idaho, Iowa, Maryland, Massachusetts, Minnesota, Nebraska, New Jersey, New Mexico, New York, North Dakota, Oregon, Pennsylvania, Utah, Virginia, Washington, and Wisconsin through Cordia Communications Corp. (“CCC”), My Tel Co, Inc. (“MTC”), and Northstar Telecom Inc. (“NST”). We are also licensed to provide local and/or long distance telecommunications services, but are not actively marketing or providing services, in Connecticut, Florida, Georgia, Illinois, Indiana, Kentucky, Louisiana, Michigan, Missouri, North Carolina, Ohio, Oklahoma, and Texas. Applications on behalf of CCC and MTC for authorization to operate as a local and long distance telecommunications carrier are pending in the State of Arizona.

MTC distinguishes itself from CCC and NST by targeting consumers in the secondary consumer credit market. Sales associated with MTC have been positive, however due to our serving consumers who would otherwise have difficulty in obtaining telecommunications services because of their credit history our bad debt results were higher than anticipated. As a result, during the fourth quarter of 2007 we ceased marketing under this brand.

As a complement to our wireline services we anticipate entering into the prepaid calling card market recently executing a letter of intent for the acquisition of the six companies that comprise the TSI Group (“TSI”), a distributor of prepaid telecommunications services. In a related transaction, Cordia will enter into an investment agreement to acquire a minority interest in Wholetel, Inc., a startup company affiliated with TSI that operates a turnkey products and services delivery system for retailers and consumers. While completion of the transaction is subject to satisfactory completion of due diligence, we believe we will successfully move forward with this transaction and that once completed, we will not only increase our market base but double our existing revenue stream.

VoIP Services

We launched the commercial roll-out of our VoIP service offering, a voice over broadband solution enabling delivery of voice services over any broadband Internet Protocol (“IP”) connection through our wholly-owned subsidiary CordiaIP Corp. (“CordiaIP”) in January 2006. We believe VoIP is the logical extension of our traditional wireline telecommunications service offerings. To this end we have hired additional personnel and built our own proprietary VoIP network, including our own network software and operating support systems.

We offer a wide range of service plans including a flat rate plan starting as low as $14.95 per month, combined with a full suite of enhanced features which make our service an attractive value proposition to existing and potential customers. We strive to be “the world’s local phone company”® and give our customers the option of choosing their desired area code, offering telephone numbers from more than forty (40) countries and hundreds of cities worldwide. This will allow consumers to make international calls at local rates, a feature not available with traditional wireline service. In addition, recognizing that a large percentage of the United States population speaks

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Spanish as a primary language, we launched a fully integrated Spanish language VoIP service. This service, which is identical in quality and functionality to its English counterpart, was designed to be a purely Spanish language experience and includes all Spanish user interfaces, voice prompts, invoices, customer service and targeted country calling plans. While the target market for our VoIP service is small business and consumers, we also offer our service on both a wholesale and resale basis.

International Services

We have focused on creating a niche in the international VoIP marketplace as “the world’s local phone company”® by providing value added services worldwide and creating partnerships and/or acquiring international VoIP providers on a global scale. In 2005, we formed Cordia International Corp. (“CIC”) to serve as a holding and management company for our overseas assets, which include our foreign based subsidiaries and affiliates in Brazil, Hong Kong, India, and the Philippines. We have made significant investments in our international services and have not yet reached a point of profitability relative to these efforts. To date we have incurred losses in executing our plan, and these investments have detracted from the true value of our wireline business, which on a stand alone basis would report a profit that is not apparent when reporting on a consolidated basis. In spite of our current costs and losses, we believe that our international services, which had revenue growth of approximately 300% for the period ended December 31, 2007 as compared to the same period in 2006, have long term value and we will continue our efforts to develop these businesses so that they become self-sustaining.

As previously stated, we currently have operations in South America and the Asia Pacific (“APAC”) region. In Brazil, we are laying the foundation for the commercial launch of our VoIP product by test marketing resold VoIP services of another licensed Brazilian entity. The Agéncia Nacional de Telecomunicações (“ANATEL”) has recently completed its review of our VoIP application and has indicated that it will be issuing our Brazilian subsidiary a Serviçe Comunicação Multimídia (“SCM”) license. We anticipate receipt of the license during the second quarter of 2008 followed by the full commercial launch of our own VoIP service.

In Hong Kong, the Office of Telecommunications Authority (“OFTA”), has granted us the authority to offer telecommunications services under a Public Non-Exclusive Telecommunications Services (“PNETS”) License and VoIP service under a separate Services-Based Operator license We are in the process of interconnecting with incumbent carriers in Hong Kong for the roll out of our services and anticipate the commencement of services during 2008. We believe that Hong Kong serves as the gateway to Asia and represents the opportunity to serve the more than 40% of the world’s internet and broadband subscribers located in that region.

In India, on February 27, 2008, our joint venture, Cordia LT Communication Private Limited launched VoIP service offerings on a nationwide basis pursuant to the license granted by the Ministry of Communications. This license also allows us to serve as an Internet Service Provider in India, although to date we are only providing VoIP to our customers.

In the Philippines, we launched our offshore call center during 2007. The center provides the Company with various services including outbound telemarketing, customer service, welcome calls, and collections. The launch of this location has allowed us to serve our customers better at a reduced cost with increased savings.

In addition to our overseas holdings we continue to foster bilateral relationships with international VoIP carriers. We recently announced our network interconnection with Bayan Telecommunications, Inc. (“Bayan”), the second largest Philippine landline provider. This will allow unlimited calling from Cordia’s international network to Bayan’s wire-line and wireless customers sold by Cordia. Our goal in seeking out these global partnerships is to gain low cost access to their networks, allowing us to deliver high quality, low cost global communications services to our domestic and international customers.

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To date, our VoIP network includes international Direct Inward Dial (“DID”) telephone numbers from more than forty (40) countries; network points of presence in Hong Kong, India, Brazil and the United States; and peering agreements with approximately ten (10) carriers. We believe that by blending our marketing capabilities, proprietary billing and operation support systems (“OSS”), IP communications technology and international bilateral agreements we can take advantage of the large disparity between wholesale costs in some markets and retail rates in other markets to create a competitive advantage in the international communications market. We believe that by offering a wide range of international numbers integrated with broadband, wireline, wireless and VoIP services bundled from our network and those of our peering partners we can create bundled service offerings that present an attractive value proposition to our customers.

Business Process Outsourcing Service (“BPO Services”)

We offer an extensive outsourced service product line, which includes as its primary offering outsourced billing on a wholesale basis to telecommunications service providers. Our wholesale customers have access to our secure Internet enabled software systems in which user-friendly web client front-ends called Workspaces™ serve as an interface for integration with our software systems. The services available to wholesalers through our Workspaces™ are the same services utilized internally for the provision of our own traditional wireline and VoIP services to our customers. As such, we are continuously updating and improving these processes to ensure optimal functionality. We believe our outsourced solutions are an attractive offering because it is not a pre-packaged all or nothing product; the wholesale customer has the power to assess their organization and then adopt and utilize only the functions they believe will increase their own profitability. Our goal is to tailor our services to our client’s needs and create a mutually beneficial and profitable relationship. We believe this is achieved by offering process driven software whereby client required modifications to our systems are made at the server level and then instantly passed onto the client’s end users, promoting our commitment to the continuous development and improvement of our Workspaces™. We bill these services on a predominantly per line basis and have experienced a decrease in BPO Services revenues as a result of the decreased line count experienced by our wholesale customer’s operations. Accordingly, revenue derived from our BPO Services has become a less material part of our total revenue.

Plan of Operation

With the extensions of our commercial wholesale agreements in place, we will continue to promote our traditional wireline services expanding into new service territories, targeting small business customers, and offering stand alone long distance services to customers in over ten (10) new territories. The stock purchase and acquisition of Midwest Marketing Group, Inc., a Nebraska based telemarketing firm with approximately 250 seats, and its’ wholly owned subsidiary Northstar Telecom Inc., a Nebraska based competitive local exchange carrier operating in primarily in the Qwest territory, has facilitated the promotion of our wireline offerings while keeping cost of acquisition low. This acquisition increased our subscriber base by adding approximately 18,000 lines and approximately $10 million in revenue. In addition, the acquisition has allowed us to bring our sales and support efforts in house, at a significantly reduced cost.

Another long term means of cost reduction was the launch of our call center in Cebu, Philippines. The decision to open the call center was made after successfully transitioning a portion of our sales and marketing efforts offshore, reducing our customer acquisition costs during the latter half of 2006. We have saved approximately 50% on our costs associated with acquiring new customers and believe that having our own domestic based telemarketing firm and our own overseas call center will also contribute to the increased growth of our wireline, VoIP, and Magellan customer base. We anticipate nearly 80% of future sales will be handled between the Midwest call center and our newly established call center in Cebu, Philippines. We believe that the anticipated increase in revenue coupled with lower acquisition costs and improved operating efficiency will have a positive effect on our 2008 results of operations.

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In addition to concentrating on promoting growth and revenue relative to our wireline offerings, we will continue to focus on our international VoIP initiative, which includes our recently launched Magellan service offerings. With Magellan, customers get their own personal international phone number that is routed, utilizing our IP network, to their mobile or landline phone allowing the customer to be contacted anywhere in the world at local rates. While we continue to believe in the long term value of our international services and businesses we recognize the financial strain it has placed on our wireline service offerings and its overall effect on our financial profile. We are optimistic about the growth of our VoIP and International services and believe that in time these businesses can become self-sustaining. The recent trend in our VoIP related revenues are encouraging and, we will continue to invest in our international VoIP initiatives. To this end we have launched through our joint venture in India VoIP service on a nationwide basis. This service was launched pursuant to the license granted by the Ministry of Communications, and allows the Company to serve as an Internet Service Provider as well as a VoIP service provider. To date we are only providing VoIP service however we are analyzing wireless network options including WiMAX and mobile WiMAX. In conjunction with the launch, the joint venture deployed an initial network node in New Delhi that will be integrated with Cordia’s international network.

We believe our recent growth is indicative of a positive turn and that our stock price does not reflect our progress. Therefore, we have engaged the services of Source Capital Group, Inc. to offer advice with regard to strategic alternatives in effort to enhance the value of the Company and shareholder value.

Results of Operations

The detailed results for the three month period ended March 31, 2008, as compared to the same period during 2007, follow. Any dramatic increase or decrease in percentages should not be relied upon as a forecast of future revenues and costs.

OPERATING REVENUES

The following table compares our operating revenue for the three month periods ended March 31, 2008 and 2007:

	Three Months Ended March 31,
	2008	2007
Wireline services	$ 11,357,000	$ 9,953,000
VoIP services	655,000	167,000
Business Process Outsourced Services	4,000	117,000
	$ 12,016,000	$10,237,000

Total operating revenues for the three months ended March 31, 2008 increased by approximately $1,779,000, or approximately 17.4%, to approximately $12,016,000, as compared to approximately $10,237,000 reported during the same period in 2007.

Our primary source of revenue is through our wireline services and is earned primarily through the provisioning of services to business, residential and wholesale customers for basic telephone service, including local and long distance service, as well as ancillary services such as voice mail and call waiting and to a lesser extent from CABS billing. For the three month period ended March 31, 2008, our wireline services revenue increased by approximately $1,404,000 or 14.1% to approximately $11,357,000 from approximately $9,953,000 reported in the same period last year. This increase is attributable to a 22% increase in lines, which is primarily due to the acquisition of NST in August 2007.

For the three month period ended March 31, 2008, our VoIP services revenue increased by approximately $488,000 to approximately $655,000 as compared to approximately $167,000 reported in the same period in 2007. Approximately $328,000 of the increase in VoIP revenue was related to our international services and approximately $160,000 was related to our domestic services. Included in the increase in international services were equipment sales of $161,000.

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Business Process Outsourced Services (“BPO Service”) revenue, which is income earned through our outsourcing of billing services, data, and website technology to wholesale telecommunications providers, decreased by approximately $113,000 or 97% to $4,000 for the three month period ended March 31, 2008, as compared to $117,000 during the same period in 2007. This change occurred as a result of our wholesale customers’ decreased line counts. We expect this revenue source to be insignificant over the next couple of quarters due to decreasing line counts experienced by our BPO customers.

COST OF REVENUES

The following table compares our cost of revenues for the periods ended March 31, 2008 and 2007:

	Three Months Ended
	March 31,
	2008	2007
Wireline Services	$6,491,000	$5,349,000
VoIP Services	557,000	181,000
	$7,048,000	$5,530,000

Wireline Services

Wireline cost of services consists of resale and wholesale line charges and represent our network access fees paid in order to provide local and long distance telephone service to our customers. These expenses vary in direct correlation to the size of our telecommunications customer base. We have experienced an increase of approximately $1,142,000 or 21% for the three months ended March 31, 2008, as compared to the same period in 2007. The majority of this increase is due to the increase in line count.

VoIP Services

Cost of revenue increased $376,000 or 208% of which $241,000 was related to international operations and $135,000 was related to domestic operations. Included in the international costs was $119,000 related to sale of equipment.

Gross Profit Margin

For the three months ended March 31, 2008, our gross profit margin decreased to approximately 41% from approximately 46% reported for the same period in 2007. Gross margin for wireline services decreased to 43% from 46% due to an increase of wholesale line charges. Gross margin for VoIP services improved to 15% from (8%). VoIP services has disproportionately higher expenses associated with its continuing roll out of VOIP. In addition, BPO revenue decreased with no reduction in direct expenses.

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OPERATING EXPENSES

The following table compares our operating expenses for the periods ended March 31, 2008 and 2007:

		Three Months Ended				Three Months Ended
		March 31, 2008				March 31, 2007
		Corporate				Corporate
	Total	Overhead	Wireline	VoIP	Total	Overhead	Wireline	VoIP
Sales and Marketing	$1,246,000	$ -	$1,062,000	$184,000	$ 1,115,000	$ -	$1,084,000	$31,000
Bad Debts	869,000	-	866,000	3,000	595,000	-	565,000	30,000
General and Administrative	3,292,000	579,000	2,133,000	580,000	3,130,000	387,000	2,357,000	386,000
Impairment of Goodwill	-	-	-	-	284,000	-	-	284,000
Depreciation and Amortization	346,000	-	321,000	25,000	250,000	-	225,000	25,000
	$5,753,000	$579,000	$4,382,000	$792,000	$ 5,374,000	$387,000	$4,231,000	$756,000

Consolidated operating expenses increased by approximately $379,000 or approximately 7%, to approximately $5,753,000 during the three month period ended March 31, 2008, as compared to approximately $5,374,000, during the same comparable period in 2007. Approximately $153,000 of the increase is related to wireline operations, $35,000 is related to VoIP operations and $191,000 is related to corporate operations.

Sales and Marketing

For the three months ended March 31, 2008, sales and marketing expenses increased by approximately $131,000 to approximately $1,246,000 as compared to approximately $1,115,000 reported in the same period in 2007. This increase is primarily due to increases in telemarketing costs associated with obtaining customers through our in-house call centers in Nebraska and the Philippines as opposed to the prior use of third party telemarketing firms.

Bad Debts

For the three months ended March 31, 2008, our bad debt expense increased by approximately $274,000 or approximately 46% to approximately $869,000 from approximately $595,000 reported during the same period in 2007. The increase is due to $363,000 of expense for the NST operations offset, in part, by lower expense for CCC’s and MTC’s operations.

General and Administrative

General and administrative (“G&A”) expenses include, but are not limited to salaries, rent, office expenses, insurance, commissions, telephone, bank and credit card processing fees, license expense and registration fees. G&A expenses increased by approximately $162,000, or 5%, for the three month period ended March 31, 2008, compared to the same period in 2007. Approximately $193,000, of the increase is related to our VoIP and international operations. We believe that G&A expense will increase throughout 2008, as compared to 2007, due to the expansion of our international operations and the inclusion of Midwest and NST for the full year.

Impairment of Goodwill

At March 31, 2007, the Company evaluated the goodwill associated with the purchase of Triamis and deemed the carrying value of the goodwill to be impaired. In accordance with FASB 142 the Company wrote down the goodwill with an impairment charge of approximately $284,000. For the period ended March 31, 2008, the Company deemed that no impairment charge was needed.

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Depreciation and Amortization

Depreciation and amortization expense increased approximately $96,000 during the three month period ended March 31, 2008, compared to the same period in 2007, due to the acquisition of Midwest and NST, additions of depreciable office equipment, time associated with our rollout of VoIP, which was capitalized and depreciated in accordance with Statement of Position (“SOP”) 98-1. Depreciation and amortization associated with Midwest and NST totaled approximately $58,000.

Depreciation on equipment and capitalized software costs are calculated using the straight line method and declining balance method over a three (3) year period. Amortization of leasehold improvements and other assets is computed using the straight-line method over the lesser of the estimated useful lives of the asset or the remaining lease term.

Liquidity and Capital Resources

At March 31, 2008, we had cash and cash equivalents, including restricted cash, of approximately $610,000, a decrease of approximately $564,000 from amounts reported at December 31, 2007, and negative working capital of approximately $10,892,000, as compared to negative working capital of approximately $9,781,000 reported at December 31, 2007. The decrease in working capital is primarily related to the increase in accounts payable and billed taxes payable, purchase of customer lists and payment on notes payable.

Net cash provided by operating activities for the three month period ended March 31, 2008, aggregated approximately $429,000 an increase of approximately $368,000, from approximately $61,000 provided during the same period during 2007. The principal source of net cash for the three month period ended March 31, 2008, was primarily the net loss from operations (net of non cash expenses of compensatory stock, bad debts and depreciation and amortization) of $254,000 and an increase in accounts payable and taxes payable aggregating approximately $759,000 and bad debt expense of $869,000, offset, in part, by increases in accounts receivable, $847,000. The principal source of cash for the three-month period ended March 31, 2007 was primarily the net loss from operations (net of non cash expenses of compensatory stock, bad debts and depreciation and amortization) of $563,000 and an increase in accounts payable and taxes payable of $510,00, offset, in part, by increases in accounts receivable, $418,000, prepaid expenses and other current assets, $195,000, accrued usage receivable, $100,000 and an increase in accounts payable, $272,000.

Net cash used by investing activities for the three month period ended March 31, 2008, aggregated approximately $823,000 compared to net cash used of approximately $248,000 during the same period in 2007. For the three months ended March 31, 2008, net cash used by investing activities consisted primarily of capitalized expenditures for internally developed software for our VoIP platform of approximately $155,000 ($181,000 in 2007), the purchase of a customer list of approximately $224,000, loans receivable of approximately $341,000 and purchase of property plant and equipment of $103,000 ($64,000 in 2007)

For the period ending March 31, 2008, net cash used by financing activities was approximately $159,000 as compared to approximately $3,000 for the 2007 period. Financing expenditures consisted primarily of payments of notes payable amounting to $136,000.

We expect to continue to invest capital in our VoIP softswitch development and related equipment during 2008.

Long-term debt and operating lease obligations as of March 31, 2008, mature as follows:

		Less than			More Than
Obligations	Total	1 year	2-3 years	4-5 years	5 years
Notes Payable (Excluding Interest)	$ 1,479,000	$ 565,000	$ 914,000	$ -	$ -
Capital Lease Obligations	38,000	15,000	23,000	-	-
Rental (Office)	2,252,000	623,000	1,019,000	610,000	-
TOTAL OBLIGATIONS	$3,769,000	$ 1,203,000	$1,956,000	$ 610,000	$ -

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During the three months ended March 31, 2008, we had sales and marketing expenses of approximately $1,246,000, or approximately 10% of revenues. Starting in the second half of 2006, we transitioned a portion of our sales and marketing efforts offshore resulting in lower customer acquisition costs. In addition, we have opened our own call center in the Philippines and have acquired a 250 seat call center based in Nebraska where we expect to see significant savings in our customer acquisition costs.

At March 31, 2008, our balance sheet showed $175,000 in restricted cash in the form of a LOC of which $143,000 is for the benefit of Qwest, secured by funds deposited into a restricted money market account. The LOC is effective for a term of one (1) year from June 25, 2007. The LOC was due to expanding our wireline service offerings into additional states covered by our commercial services agreement with Qwest. A LOC of $30,000 that Northstar, acquired in August of 2007, obtained for the benefit of Verizon. The remaining amount represents interest on the LOC’s.

The Company has incurred losses and also has a negative working capital and a deficiency in stockholders' equity as of March 31, 2008 and December 31, 2007. These conditions raise substantial doubt about the Company's ability to continue as a going concern.

The Company recognized the need for additional working capital to strengthen its financial position, maintain growth, and continue to carry out its plans for its international expansion of VoIP and related value added services and entered into Factoring and Security Agreement (“Factoring Agreement”) with Thermo Credit, LLC (“Thermo”), a Colorado limited liability company, in September 2007.

Management believes that with the increase in sales from Northstar and the cost savings generated from our lower customer acquisition costs, the Company will generate sufficient cash flows from operations to meet its obligations as they come due during the next twelve month period. We do, however, recognize the limiting effect that our liquidity has on our growth rate and management may seek additional sources of capital in the future, including but not limited to a private placement of the Company’s common stock, to neutralize this limitation in the future.

The Company recognizes the financial strain the losses of its VoIP and international initiatives have put on the rest of the business and the manner in which it detracts from the overall value of the Company. We still, however, believe that our VoIP and international initiatives have the potential for long term shareholder value as we have seen revenue growth associated with these services increase by approximately 273% this quarter as compared to the same period last year. Further, we believe that the current market price of our common stock is not an accurate reflection of its true value and that it may take a significant amount of time for these benefits to be realized. We are therefore, considering strategic alternatives to enhance shareholder value and to that end we have engaged with Source Capital Group, Inc. to review and analyze potential opportunities that may serve beneficial to the Company and its shareholders.

Off –balance sheet arrangements

We have not entered into any transactions with unconsolidated entities whereby we have financial guarantees, or other contingent arrangements that exposes us to material continuing risks, contingent liabilities or any other obligations that provide financing, liquidity, market risk or credit risk support to the Company.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

We earn a majority of our revenue in U.S. dollars where our primary operating activities are located. We also maintain offices and operate in Brazil, Hong Kong, India and the Philippines which creates an exposure to loss if any of those currencies appreciate against the dollar. We believe however, than any risk due to currency rate exchange fluctuations are immaterial as our operations overseas do not represent a majority of our business.

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ITEM 4. CONTROLS AND PROCEDURES.

(a) Disclosure controls and procedures are to ensure that information required to be disclosed in our reports that we file or submit under the Exchange Act is recorded, processed, summarized, and reported within the time periods specified in the Commission’s rules and forms. In addition, the evaluation is to ensure that information required to be disclosed in the reports we file or submit under the Exchange Act is accumulated and communicated to the Company’s management, including the Company’s principal executive and principal financial officer to allow timely decisions regarding required disclosure and that our internal controls are effective to provide reasonable assurances that our financial condition, results of operations and cash flows are fairly presented in all material respects. Based on that evaluation of the Company’s disclosure controls and procedures as of the end of the period covered by this report, the Company’s management, including its Chief Executive Officer and Chief Financial Officer, concluded that the Company’s disclosure controls and procedures were not effective as of March 31, 2008 because it has not yet been concluded that the material weaknesses in the Company’s internal control over financial reporting reported as of December 31, 2007 in the Company’s Form 10-K/A have been remediated.

Subsequent to December 31, 2007, the Company has implemented, or plans to implement, certain measures to remediate the identified material weaknesses and to enhance the Company’s internal control over its quarterly and year-end financial reporting processes. As of the date of the filing of this Quarterly Report on Form 10-Q, the Company has implemented the following measures:

• Increased the size, expertise and training of the finance and accounting staff to include adequate resources for ensuring GAAP.

• Enhanced the accounting policies and procedures to provide adequate, sufficient, and useful guidance.

• Increased the level of interdepartmental communication in a way that will foster information sharing between our finance staff and operational personnel.

The Company anticipates that these remediation actions represent ongoing improvement measures.

Furthermore, while the Company has taken steps to remediate the material weaknesses, these steps may not be adequate to fully remediate those weaknesses, and additional measures may be required. The effectiveness of its remediation efforts will not be known until the Company can test those controls in connection with the management tests of internal controls over financial reporting that the Company will perform as of December 31, 2008.

PART II OTHER INFORMATION

ITEM 1~~. LEGAL~~ ~~PROCEEDINGS~~Legal Proceedings

From time to time, we may be subject to litigation and claims arising in the ordinary course of business. We are not currently a party to any material legal proceedings and we are not aware of any pending or threatened legal proceeding against us that we believe ~~will~~could have a material adverse effect on our ~~financial~~business, ~~condition~~operating or results, ofcash ~~operations~~flows or financial condition.

ITEM ~~2. UNREGISTERED~~1A ~~SALES~~Risk ~~OF EQUITY SECURITIES AND USE OF PROCEEDS~~Factors

WeAn ~~have~~investment noin ~~unregistered~~our ~~sales~~common stock involves a high degree of ~~equity~~risk. ~~securities~~You should carefully consider the following risk factors and ~~use~~the other information in this Quarterly Report on Form 10-Q before investing in our common stock. Our business and results of ~~proceeds~~operations could be seriously harmed by any of the following risks. The risks set out below are not the only risks we face. Additional risks and uncertainties not currently known to ~~report~~us or that we currently deem to be immaterial also may materially adversely affect our business, financial condition and/or operating results. If any of the following events occur, our business, financial condition and results of operations could be materially adversely affected. In such case, the value and trading price of our common stock could decline, and you may lose all or part of your investment.

~~ITEM~~Risk ~~3. DEFAULTS~~Factors ~~UPON~~Related ~~SENIOR~~to ~~SECURITIES~~the Business of the Company

WeOur ~~have~~independent noregistered ~~defaults~~public ~~upon~~accounting ~~senior~~firm ~~securities~~has expressed substantial doubt about our ability to ~~report~~continue as a going concern, which may hinder our ability to obtain future financing.

-Our 20financial -statements as of December 31, 2020 have been prepared under the assumption that we will continue as a going concern for the next twelve months. Our independent registered public accounting firm included in its opinion for the year ended December 31, 2020 an explanatory paragraph referring to our recurring losses from operations and expressing substantial doubt in our ability to continue as a going concern without additional capital becoming available. Our ability to continue as a going concern is dependent upon our ability to obtain additional equity or debt financing, reduce expenditures and to generate significant revenue. Our financial statements as of December 31, 2020 did not include any adjustments that might result from the outcome of this uncertainty. The reaction of investors to the inclusion of a going concern statement by our auditors, and our potential inability to continue as a going concern, in future years could materially adversely affect our share price and our ability to raise new capital or enter into strategic alliances. Furthermore, we also could be required to seek funds through arrangements with collaborative partners or otherwise that may require us to relinquish rights to some of our technologies or product candidates or otherwise agree to terms unfavorable to us.

~~ITEM~~If ~~4. SUBMISSION~~we OFfail ~~MATTERS~~to TOobtain Athe ~~VOTE~~capital OFnecessary ~~SECURITY~~to ~~HOLDERS~~fund our operations, we will be unable to continue our operations and you will likely lose your entire investment.

~~Our~~We ~~annual~~will ~~meeting~~need ofto ~~shareholders~~continue isto ~~scheduled~~seek ~~for~~capital ~~May~~from ~~21,~~time ~~2008~~to intime ~~Winter~~to ~~Garden,~~continue ~~Florida. The~~to ~~purpose~~execute ofour ~~the~~business ~~meeting~~plan. isOur tobusiness ~~elect~~or ~~each~~operations ofmay ~~the~~change ~~five~~in ~~(5)~~a ~~nominees~~manner tothat ~~our~~would ~~seven~~consume ~~(7)~~available ~~seat~~funds ~~Board~~more ofrapidly ~~Directors~~than ~~for~~anticipated aand ~~one-year~~substantial ~~term,~~additional tofunding ~~ratify~~may ~~the~~be ~~selection~~required ofto ~~Lazar~~maintain operations, ~~Levine~~fund ~~& Felix~~expansion, ~~LLP~~develop asnew ~~Independent~~or ~~Registered~~enhanced ~~Public~~products, ~~Accountants~~acquire ~~for~~complementary ~~fiscal~~products, ~~year~~business ~~2008,~~or totechnologies ~~approve~~or ~~director~~otherwise ~~compensation,~~respond ~~including~~to acompetitive ~~salary~~pressures ofand ~~$12,000~~opportunities. ~~per~~In ~~annum~~addition, ~~and~~we upmay need to anaccelerate ~~aggregate~~the ofgrowth ~~$10,000~~ of ~~equity~~our insales ~~the~~capabilities ~~form~~beyond ofwhat ~~restricted~~is ~~stock~~currently envisioned, and~~/or~~ ~~stock~~this ~~options~~would require additional capital. However, ~~and~~we ~~consider~~may ~~and~~not ~~act~~be ~~upon~~able ~~such~~to ~~other~~secure ~~business~~funding aswhen ~~may~~we ~~properly~~need ~~come~~it ~~before~~or ~~the~~on ~~meeting.~~favorable terms.

~~ITEM~~If ~~5. OTHER~~we ~~INFORMATION~~cannot raise adequate funds to satisfy our capital requirements, we will have to curtail or cease our operations.

~~We have no additional information to report that would require disclosure in a report on Form 8-K during the period ended March 31, 2008 for which we did not file a Form 8-K report.~~ 11

~~ITEM~~Even ~~6. EXHIBITS~~if we can raise additional funding, we may be required to do so on terms that are dilutive to you.

~~(a)~~The ~~Exhibits~~capital markets have been unpredictable in the recent past. The ~~following~~amount ~~exhibits~~of capital that a company such as ours is able to raise often depends on variables that are ~~filed~~beyond ~~herewith~~our control. As a result, we may not be able to secure financing on terms attractive to us, or at all. If we are able to consummate a financing arrangement, the amount raised may not be sufficient to meet our future needs. If adequate funds are not available on acceptable terms, or at all, our business, including our results of operations, financial condition and our continued viability will be materially adversely affected.

31.1	Certification of Cordia Corporation's Principal Executive Officer, Joel Dupré,
	pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
31.2	Certification of Cordia Corporation's Principal Financial Officer, Gandolfo Verra,
	pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32.1	Certificate of Cordia Corporation's Principal Executive Officer, Joel Dupré,
	pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
32.2	Certification of Cordia Corporation's Principal Financial Officer, Gandolfo Verra,
	pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

Widespread health developments, including the recent global COVID-19 pandemic, could materially and adversely affect our business, financial condition and results of operations.

Our business has been, and may continue to be, impacted by the fear of exposure to or actual effects of the COVID-19 21pandemic in countries where we operate or our customers are located, such as recommendations or mandates from governmental authorities to close businesses, limit travel, avoid large gatherings or to self-quarantine, as well as temporary closures or decreased operations of the facilities of our customers, distributors or suppliers. These impacts include, but are not limited to:

·Significant reductions in demand or significant volatility in demand for one or more of our products, which may be caused by, among other things: the temporary inability of consumers to purchase our products due to illness, quarantine or other restrictions, store or restaurant closures, or financial hardship, shifts in demand away from one or more of our higher priced products to lower priced products, or stockpiling or similar activity, reduced options for marketing and promotion of products or other restrictions in connection with the COVID-19 pandemic; if prolonged, such impacts can further increase the difficulty of operating our business, including accurately planning and forecasting;

·Inability to meet our consumers' and customers' needs and achieve costs targets due to disruptions in our manufacturing and supply arrangements caused by the loss or disruption of essential manufacturing and supply elements such as raw materials or purchased finished goods, logistics, reduction or loss of workforce due to the insufficiency or failure of our safety protocols, or other manufacturing and supply capability;

·Failure of third parties on which we rely, including our suppliers, bottlers, distributors, contract manufacturers, contractors, commercial banks and external business partners, to meet their obligations to us or to timely meet those obligations, or significant disruptions in their ability to do so, which may be caused by their own financial or operational difficulties; or

·Significant changes in the conditions in markets in which we manufacture, sell or distribute our products, including quarantines, governmental or regulatory actions, closures or other restrictions that limit or close our operating and manufacturing facilities, restrict our employees' ability to perform necessary business functions, restrict or prevent consumers from having access to our products, or otherwise prevent our third-party bottlers, distributors, partners, suppliers, or customers from sufficiently staffing operations, including operations necessary for the production, distribution, sale, and support of our products.

All of these impacts could place limitations on our ability to execute on our business plan and materially and adversely affect our business, financial condition and results of operations. We continue to monitor the situation, have actively implemented policies and procedures to address the situation, and may adjust our current policies and procedures as more information and guidance become available to address the evolving situation. The impact of COVID-19 may also exacerbate other risks discussed in this Report, any of which could have a material effect on us. This situation is changing rapidly and additional impacts may arise that we are not aware of currently.

A potential decline in the consumption of the products we sell could have a material adverse effect on our business.

Our business depends upon consumers’ consumption of of prepared and delivered foods. Consumer preferences and tastes may shift due to, among other reasons, changing taste preferences, demographics or perceived value. Consequently, any material shift in consumer preferences and taste away from delivery of prepared foods will have a negative impact on our business, liquidity, financial condition and/or results of operations. Consumer preferences may shift due to a variety of factors, including changes in demographic or social trends, public health policies, and changes in leisure, dining and beverage consumption patterns.

We face significant competition which could adversely affect our business.

The restaurant industry is highly competitive. We face competition from numerous local independent restaurants, national chains, and other food delivery brands. Many competitors have greater financial, technical, marketing and public relations resources.

Our business depends on the effectiveness of our advertising and marketing programs, including the strength of our social media presence, to attract and retain members and subscribers.

Our business success depends on our ability to attract and retain consumers which depends significantly on the effectiveness of our advertising and marketing practices. In addition, from time-to-time, we use brand ambassadors, spokespersons and social media influencers in our advertising and marketing programs to communicate with consumers. Actions taken by these individuals that harm their personal reputation or image, or include the cessation of using our products, could have an adverse impact on the advertising and marketing campaigns in which they are featured. We and our brand ambassadors, spokespersons and social media influencers also use social media channels as a means of communicating with consumers. Unauthorized or inappropriate use of these channels could result in harmful publicity or negative consumer experiences, which could have an adverse impact on the effectiveness of our marketing in these channels. In addition, substantial negative commentary by others on social media platforms could have an adverse impact on our reputation and ability to attract and retain members and subscribers. If our advertising and marketing campaigns do not generate a sufficient number of consumers, our business, financial condition and results of operations could be adversely affected.

We may engage in strategic transactions that fail to enhance shareholder value.

From time to time, we may consider possible strategic transactions, including the potential acquisitions or licensing of products or technologies or acquisition of companies, and other alternatives with the goal of maximizing shareholder value. We may never complete a strategic transaction, and in the event that we do complete a strategic transaction, implementation of such transactions may impair shareholder value or otherwise adversely affect our business. There can be no assurance that our acquisitions will perform as expected in the future. For example, we may be unable to successfully integrate the operations of and/or the acquired assets of the businesses we acquire into our operations and we may not realize the anticipated efficiencies and synergies of such acquisitions. In addition, acquisitions require significant managerial attention, which may be diverted from our other operations. If the businesses or products we acquire do not achieve their intended results, our business, financial condition, and results of operations could be materially and adversely affected.

We may not be successful in hiring and retaining key employees, including executive officers.

Our future operations and successes depend in large part upon the strength of our management team. We rely heavily on the continued service of Peter Klamka, our Chief Executive Officer, Chief Financial Officer, President and sole member of our board of directors. Accordingly, if Mr. Klamka terminates his employment with us, such a departure may have a material adverse effect on our business, and our future success depends on our ability to identify, attract, hire or engage, retain and motivate other well-qualified personnel. There can be no assurance that these professionals will be available in the market, or that we will be able to retain existing professionals or to meet or to continue to meet their compensation requirements. Furthermore, the cost base in relation to such compensation, which may include equity compensation, may increase significantly, which could have a material adverse effect on us. Failure to establish and maintain an effective management team and work force could adversely affect our ability to operate, grow and manage our business.

We are subject to cybersecurity risks.

Cybersecurity risks and attacks continue to increase. Cybersecurity attacks are evolving and not always predictable. Attacks include malicious software, threats to information technology infrastructure, denial-of-service attacks on websites, attempts to gain unauthorized access to data, and other breaches. Data breaches can originate with authorized or unauthorized persons. Authorized persons could inadvertently or intentionally release confidential or proprietary information, and recipients could misuse data. Such events could lead to interruption of our operations or business, unauthorized release or use of information, compromise of data, damage to our reputation, damage to our customers or vendors, and increased costs to prevent, respond to or mitigate any events.

Risks Related To Our Common stock

The market price of our common stock may be volatile and may be affected by market conditions beyond our control.

The market price of our common stock is subject to significant fluctuations in response to, among other factors:

·variations in our operating results and market conditions specific to companies in our industry;

·changes in financial estimates or recommendations by securities analysts;

·announcements of innovations or new products or services by us or our competitors;

·the emergence of new competitors;

·operating and market price performance of other companies that investors deem comparable;

·changes in our board or management;

·sales or purchases of our common stock by insiders;

·commencement of, or involvement in, litigation;

·changes in governmental regulations; and

·general economic conditions and slow or negative growth of related markets.

In addition, if the market for stocks in our industry or the stock market in general, experiences a loss of investor confidence, the market price of our common stock could decline for reasons unrelated to our business, financial condition or results of operations. If any of the foregoing occurs, it could cause the price of our common stock to fall and may expose us to lawsuits that, even if unsuccessful, could be costly to defend and a distraction to the board of directors and management.

Future sales and issuances of our securities could result in additional dilution of the percentage ownership of our stockholders and could cause our share price to fall.

We expect that significant additional capital will be needed in the future to continue our planned operations, including continuing activities as an operating public company. To the extent we raise additional capital by issuing equity securities, our stockholders may experience substantial dilution. We may sell common stock, convertible securities or other equity securities in one or more transactions at prices and in a manner we determine from time to time. If we sell common stock, convertible securities or other equity securities in more than one transaction, investors may be materially diluted by subsequent sales. Such sales may also result in material dilution to our existing stockholders, and new investors could gain rights superior to our existing stockholders.

Financial reporting obligations of being a public company in the United States are expensive and time-consuming, and our management will be required to devote substantial time to compliance matters.

As a publicly traded company we incur significant legal, accounting and other expenses. The obligations of being a public company in the United States require significant expenditures and places significant demands on our management and other personnel, including costs resulting from public company reporting obligations under the Securities Exchange Act of 1934 (“Exchange Act”) and the rules and regulations regarding corporate governance practices, including those under the Sarbanes-Oxley Act, the Dodd-Frank Wall Street Reform and Consumer Protection Act. These rules require the establishment and maintenance of effective disclosure and financial controls and procedures, internal control over financial reporting and changes in corporate governance practices, among many other complex rules that are often difficult to implement, monitor and maintain compliance with. In addition, we expect these rules and regulations to make it more difficult and more expensive for us to obtain director and officer liability insurance. Our management and other personnel will need to devote a substantial amount of time to ensure that we comply with all of these requirements and to keep pace with new regulations, otherwise we may fall out of compliance and risk becoming subject to litigation or being delisted, among other potential problems.

Our common stock is subject to the “penny stock” rules of the SEC and the trading market in the securities is limited, which makes transactions in the stock cumbersome and may reduce the value of an investment in the stock.

Rule 15g-9 under the Exchange Act establishes the definition of a “penny stock,” for the purposes relevant to us, as any equity security that has a market price of less than $5.00 per share or with an exercise price of less than $5.00 per share, subject to certain exceptions. For any transaction involving a penny stock, unless exempt, the rules require: (a) that a broker or dealer approve a person’s account for transactions in penny stocks; and (b) the broker or dealer receive from the investor a written agreement to the transaction, setting forth the identity and quantity of the penny stock to be purchased.

In order to approve a person’s account for transactions in penny stocks, the broker or dealer must: (a) obtain financial information and investment experience objectives of the person and (b) make a reasonable determination that the transactions in penny stocks are suitable for that person and the person has sufficient knowledge and experience in financial matters to be capable of evaluating the risks of transactions in penny stocks.

The broker or dealer must also deliver, prior to any transaction in a penny stock, a disclosure schedule prescribed by the SEC relating to the penny stock market, which, in highlight form: (a) sets forth the basis on which the broker or dealer made the suitability determination; and (b) confirms that the broker or dealer received a signed, written agreement from the investor prior to the transaction. Generally, brokers may be less willing to execute transactions in securities subject to the “penny stock” rules. This may make it more difficult for investors to dispose of our common stock and cause a decline in the market value of our common stock.

Disclosure also has to be made about the risks of investing in penny stocks in both public offerings and in secondary trading and about the commissions payable to both the broker or dealer and the registered representative, current quotations for the securities and the rights and remedies available to an investor in cases of fraud in penny stock transactions. Finally, monthly statements have to be sent disclosing recent price information for the penny stock held in the account and information on the limited market in penny stocks.

We have no independent directors, no board committees. This may hinder our board of directors’ effectiveness in fulfilling the typical functions of a board and of committees thereof.

Currently, we have no independent directors, nor do we have an audit committee, compensation committee or nominating and corporate governance committee at this time. An independent board and audit committees, compensation committees and nominating and corporate governance committees with independent directors play a crucial role in the corporate governance process, assessing a company’s processes relating to its risks and control environment, overseeing financial reporting, preventing self-dealing by company executives and evaluating internal and independent audit processes. The lack of an independent board or committees prevents the board of directors from being independent from management in its judgments and decisions and its ability to pursue the board’s responsibilities without undue influence. We may have difficulty attracting and retaining directors with the requisite qualifications. If we are unable to attract and retain qualified, independent directors, the management of our business could be compromised. In addition, our sole director is not a “financial expert”.

We do not intend to pay cash dividends on our shares of common stock so any returns will be limited to the value of our shares.

We currently anticipate that we will retain future earnings for the development, operation and expansion of our business and do not anticipate declaring or paying any cash dividends for the foreseeable future. Any return to stockholders will therefore be limited to the increase, if any, of our share price.

Our Articles of Incorporation, as amended (“Articles of Incorporation”), our Restated Bylaws, and Nevada law may have anti-takeover effects that could discourage, delay or prevent a change in control, which may cause our stock price to decline.

Our Articles of Incorporation, Bylaws, and Nevada law could make it more difficult for a third party to acquire us, even if closing such a transaction would be beneficial to our stockholders. We are authorized to issue up to 100,000,000 shares of common stock.

Provisions of our Articles of Incorporation, our Bylaws and Nevada law also could have the effect of discouraging potential acquisition proposals or making a tender offer or delaying or preventing a change in control, including changes a stockholder might consider favorable. Such provisions may also prevent or frustrate attempts by our stockholder s to replace or remove our management. In particular, the Articles of Incorporation, our Bylaws and Nevada law, as applicable, among other things:

·provide the board of directors with the ability to alter the Bylaws without stockholder approval; and

·provide that vacancies on the board of directors may be filled by a majority of directors in office, although less than a quorum.

We have identified a material weakness in our internal control over financial reporting that could, if not remediated, result in material misstatements in our financial statements.

In connection with the audit of our consolidated financial statements as of and for the year ended December 31, 2020, we have concluded that there is a material weakness relating to our internal control over financial reporting. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting such that there is a reasonable possibility that a material misstatement of the company’s annual or interim financial statements will not be prevented or detected on a timely basis.

Specifically, we identified a material weakness relating to the lack of segregation of duties. Although we need to take measures to fully mitigate such material weakness, the measures we expect to take, to improve our internal controls may not be sufficient to address the issues identified, to ensure that our internal controls are effective or to ensure that the identified material weakness will not result in a material misstatement of our annual or interim consolidated financial statements. If we are unable to correct material weaknesses or deficiencies in internal controls in a timely manner, our ability to record, process, summarize and report financial information accurately and within the time periods specified in the rules and forms of the SEC, will be adversely affected. This failure could negatively affect the market price and trading liquidity of our common stock, cause investors to lose confidence in our reported financial information, subject us to civil and criminal investigations and penalties, and materially and adversely impact our business and financial condition.

ITEM 2 Unregistered Sales of Equity Securities and Use of Proceeds

None

ITEM 3 Defaults Upon Senior Securities

None.

ITEM 4 Mine Safety Disclosures

Not applicable.

ITEM 5 Other Information

None.

ITEM 6 Exhibits

(a)Exhibits

Exhibit No.		Description of Exhibits

31.1		Certification by Principal Executive Officer and Principal Financial Officer pursuant to Exchange Act Rule 13a-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

32.1		Certification of Principal Executive Officer and Principal Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

101.INS		XBRL Instance Document

101.SCH		XBRL Schema Document

101.CAL		XBRL Calculation Linkbase Document

101.DEF		XBRL Definition Linkbase Document

101.LAB		XBRL Labels Linkbase Document

101.PRE		XBRL Presentation Linkbase Document

SIGNATURES

InPursuant ~~accordance~~to ~~Section~~the 13requirements ~~or 15(d)~~ of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

CORDIA CORPORATION Date: May 20, 2008

		Cordia Corporation

Dated: June 28, 2021	By:	/s/ Peter Klamka
		Peter Klamka
	Its:	Chief Executive Officer and Chief Financial Officer

~~By: /s/ Joel Dupré Joel Dupré Chief Executive Officer~~19

Date: May 20, 2008

By: /s/Gandolfo Verra Gandolfo Verra Chief Financial Officer

- 22 -

$ 12,548,000

(1,213,000)

Net loss per share:

Filing Compare · CORDIA CORP