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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

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

For the quarterly period ended ~~March~~June 3130, 2015

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

For the transition period from ____________ to ~~______________~~_______________

Commission File No. 000-14859

GARB OIL & POWER CORPORATION

(Exact name of registrant as specified in its charter)

Utah		87-0296694
(State or other jurisdiction of		(I.R.S. Employer Identification. No.)
incorporation or organization)		~~Identification. No.)~~
1185 Gooden Xing
Largo, FL		33778
(Address of principal executive offices)		(Zip Code)
Registrant’s Telephone Number, Including Area Code: (888) 573-6622

Registrant’s Telephone Number, Including Area Code: (888) 573-6622

Indicate by checkmark 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 [ ] No [X]~~

Yes [X] No [ ]

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

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

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 of issuer’s common stock outstanding as of May 1418, ~~2015~~2016: 47,497,578,456.

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FORM 10-Q

FOR THE ~~THREE~~SIX MONTHS ENDED ~~MARCH~~JUNE 3130, 2015

INDEX

			Page
Part I	~~Financial Information~~	Financial Information	F-1
Item 1.	~~Financial Statements~~	Financial Statements	F-1
	Consolidated Balance Sheets as of March 31, 2015 (Unaudited) and December 31, 2014		F-1
		Consolidated Balance Sheets as of June 30, 2015 (Unaudited) and December 31, 2014	F-1
	Consolidated Statements of Operations for the three months ended March 31, 2015 and 2014 (Unaudited)		F-3
		Consolidated Statements of Operations for the three months ended June 30, 2015 and 2014 (Unaudited)	F-2
	Consolidated Statements of Cash Flows for the three months ended March 31, 2015 and 2014 (Unaudited)		F-4
		Consolidated Statements of Cash Flows for the six months ended June 30, 2015 and 2014 (Unaudited)	F-3
	~~Notes to the Consolidated Financial Statements (Unaudited)~~	Notes to the Consolidated Financial Statements (Unaudited)	F-64
Item 2.	~~Management’s Discussion and Analysis of Financial Condition and Results of Operations~~	Management’s Discussion and Analysis of Financial Condition and Results of Operations	4
Item 3.	~~Quantitative and Qualitative Disclosures About Market Risk~~	Quantitative and Qualitative Disclosures About Market Risk	6
Item 4.	~~Controls and Procedures~~	Controls and Procedures	7
Part II	~~Other Information~~	Other Information	8
Item 1.	~~Legal Proceedings~~	Legal Proceedings	8
Item 1A.	~~Risk Factors~~	Risk Factors	8
Item 2.	~~Unregistered Sales of Equity Securities and Use of Proceeds~~	Unregistered Sales of Equity Securities and Use of Proceeds	8
Item 3.	~~Defaults Upon Senior Securities~~	Defaults Upon Senior Securities	8
Item 4.	~~Mine Safety Disclosures~~	Mine Safety Disclosures	8
Item 5.	~~Other Information~~	Other Information	8
Item 6.	~~Exhibits~~	Exhibits	8
Signatures			89

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USE OF CERTAIN DEFINED TERMS

Except as otherwise indicated by the context, references in this report to “we,” “us,” “our,” “our Company,” “the Company”, or “Garb” are to the combined business of Garb Oil & Power Corporation and its consolidated subsidiaries.

In addition, unless the context otherwise requires and for the purposes of this report only:

● “Commission” refers to the Securities and Exchange Commission; ● “Exchange Act” refers to the Securities Exchange Act of 1934, as amended; ● “Securities Act” refers to the Securities Act of 1933, as amended; and ● “management of the Company” or “management” refers to the following individuals, who represent the directors and executive officers of the Company as of the date of this quarterly report on Form 10-Q, and those officers and directors that were appointed on August 21, 2013:?

●“Commission” ~~Tammy~~refers ~~Taylor~~to is the ~~Company’s~~Securities ~~current Chief Executive Officer, President, Director~~ and ~~Principal~~Exchange ~~Financial~~Commission; ~~Officer, ● M. Aimee Coleman is current Corporate Secretary and Principal Accounting Officer.~~

“Exchange Act” refers to the Securities Exchange Act of 1934, as amended;

“Securities Act” refers to the Securities Act of 1933, as amended; and

“management of the Company” or “management” refers to the following individuals, who represent the directors and executive officers of the Company as of the date of this quarterly report on Form 10-Q, and those officers and directors that were appointed on August 21, 2013:

Tammy Taylor is the Company’s current Chief Executive Officer, President, Director and Principal Financial Officer,

M. Aimee Coleman is current Corporate Secretary and Principal Accounting Officer.

CAUTIONARY STATEMENT RELATED TO FORWARD-LOOKING STATEMENTS

This report contains forward-looking statements. The Securities and Exchange Commission encourages companies to disclose forward-looking information so that investors can better understand a company’s future prospects and make informed investment decisions. This quarterly report on Form 10-Q and other written and oral statements that we make from time to time contain such forward-looking statements that set out anticipated results based on management’s plans and assumptions regarding future events or performance. We have tried, wherever possible, to identify such statements by using words such as “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe,” “will” and similar expressions in connection with any discussion of future operating or financial performance. In particular, these include statements relating to future actions, future performance or results of current and anticipated sales efforts, expenses, the outcome of contingencies, such as legal proceedings, and financial results. A list of factors that could cause our actual results of operations and financial condition to differ materially is set forth below:


	●	Our ability to continue as a going concern.

	●	Our ability to achieve profitability and history of losses.

	●	Our need for significant additional capital to fund our business plan.

	●	Our ability to attract customers to our products.

	●	Economic conditions that have an adverse effect on consumer and corporate spending.

	●	Changes in applicable Federal and State manufacturing laws and regulations that have an adverse effect on our operations.

	●	The market price for shares of our common stock has been and may continue to be highly volatile and the impact of penny stock rules on the liquidity of our common stock.

We caution that the factors described herein and other factors could cause our actual results of operations and financial condition to differ materially from those expressed in any forward-looking statements we make and that investors should not place undue reliance on any such forward-looking statements. Further, any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of anticipated or unanticipated events or circumstances. New factors emerge from time to time, and it is not possible for us to predict all of such factors. Further, we cannot assess the impact of each such factor on our results of operations or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.

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PART I – FINANCIAL INFORMATION

Item 1. Financial Statements

Garb Oil & Power Corporation and Subsidiaries Consolidated Balance Sheets

Consolidated Balance Sheets


	June 30, 2015		December 31, 2014
	(Unaudited)
ASSETS
Current assets:
Cash	$	257	$	196
Receivables, net		-		-
Total current assets		257		196
Property and equipment, net		1,157,459		1,257,802

Total assets	$	1,157,716	$	1,257,998

LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)
Current liabilities:
Accounts payable and accrued expenses	$	1,529,690	$	1,189,558
Related party payable		5,780		3,947
Notes payable, net		1,596,886		1,454,062
Derivative liability		2,668,509		2,250,243
Notes payable - related party, net		177,061		155,645
Derivative liability - related party		37,039		33,987
Capital lease payable		1,246,428		1,292,571
Accrued interest		1,669,038		1,520,894
Accrued interest - related party		47,633		173
Wage and payroll taxes payable		321,471		254,971
Total current liabilities		9,299,535		8,156,051

Total liabilities		9,299,535		8,156,051

Mezzanine Equity:
Class A preferred as of June 30, 2015; ($.0001 par value) 1,000,000 shares authorized, 24 shares outstanding as of June 30, 2015 and 24 shares outstanding as of December 31, 2014		-		-
Class B preferred as of June 30, 2015; ($2.50 par value) 10,000,000 shares authorized, 4,419,918 shares outstanding as of June 30, 2015 and 4,419,918 shares issued and outstanding as of December 31, 2014		11,049,795		11,049,795
Preferred Class A additional paid in capital		1,486,010		1,486,010
Preferred Class B additional paid in capital		14,093,628		14,093,628
Total mezzanine equity		26,629,433		26,629,433

Stockholders’ Deficit:
Common stock as of June 30, 2015; (no par value) 50,000,000,000 shares authorized, 47,497,578,456 shares outstanding at June 30, 2015 and 47,497,578,456 shares outstanding at December 31, 2014		(13,723,527)		(13,723,527)
Subscription Receivable		-		(403,815)
Accumulated deficit		(21,047,725)		(19,400,144)
Total stockholders' deficit		(34,771,252)		(33,527,486)

Total liabilities, mezzanine equity and stockholders' deficit	$	1,157,716	$	1,257,998

	March 31, 2015		December 31, 2014
	(Unaudited)
ASSETS
Current assets:
Cash	$	22	$	196
Accounts receivable, net		-		-
Total current assets		22		196
Property and equipment, net		1,249,670		1,257,802
Total assets	$	1,249,692	$	1,257,998
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)
Current liabilities:
Accounts payable and accrued expenses	$	1,360,238	$	1,189,558
Related party payable		2,795		3,947
Notes payable		1,510,835		1,454,062
Derivative liability		2,482,896		2,250,243
Notes payable - related party		175,500		155,645
Derivative liability - related party		35,499		33,987
Capital lease payable		1,316,587		1,292,571
Accrued interest		1,588,856		1,521,067
Wage and payroll taxes payable		288,221		254,971
Total current liabilities		8,761,427		8,156,051
Total liabilities		8,761,427		8,156,051

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

~~(Continued next page)~~F-1

~~F-1~~QuickLink to Table of Contents

Garb Oil & Power Corporation and Subsidiaries Consolidated Statements of Operations

Consolidated Balance Sheets


	For the three months ended				For the six months ended
	June 30, 2015		June 30, 2014		June 30, 2015		June 30, 2014
	(Unaudited)		(Unaudited)		(Unaudited)		(Unaudited)
SALES
Sales	$	-	$	-	$	-	$	200,000
TOTAL SALES		-		-		-		200,000
COST OF SALES		-		-		-		90,000
GROSS PROFIT		-		-		-		110,000

OPERATING EXPENSES

Selling, general and administrative		133,171		188,552		331,504		539,108
Total operating expenses		133,171		188,552		331,504		539,108

LOSS FROM OPERATIONS		(133,171)		(188,552)		(331,504)		(429,108)

OTHER INCOME (EXPENSE)
Gain (loss) on subscription receivable write-off		(403,815)		-		(403,815)		-
Gain (loss) on derivative liability expense		(187,153)		-		(416,278)		-
Interest expense		(309,760)		(37,863)		(495,984)		(146,222)
Total Other Income (Expense)		(900,728)		(37,863)		(1,316,077)		(146,222)
LOSS BEFORE INCOME TAXES		(1,033,899)		(226,415)		(1,647,581)		(575,330)
PROVISION (BENEFIT) FOR INCOME TAXES		-		-		-		-

NET LOSS	$	(1,033,899)	$	(226,415)	$	(1,647,581)	$	(575,330)

BASIC AND DILUTED LOSS PER COMMON SHARE ATTRIBUTABLE TO GARB OIL & POWER SHAREHOLDERS	$	(0.00)	$	(0.00)	$	(0.00)	$	(0.00)

WEIGHTED AVERAGE OF COMMON SHARES OUTSTANDING	47,497,578,456		42,128,403,336		47,497,578,456		42,367,949,375

~~(Continued)~~The accompanying notes are an integral part of these consolidated financial statements.

	March 31, 2015			December 31, 2014
	(Unaudited)
Stockholders’ Deficit:
Class A preferred as of March 31, 2015; ($.0001 par value) 1,000,000 shares authorized, 24 shares outstanding as of March 31, 2015 and 24 shares outstanding as of December 31, 2014		-			-
Class B preferred as of March 31, 2015; ($2.50 par value) 10,000,000 shares authorized, 4,419,918 shares outstanding as of March 31, 2015 and 4,419,918 shares issued and outstanding as of December 31, 2014		11,049,795			11,049,795
Common stock as of March 31, 2015; (no par value) 50,000,000,000 shares authorized, 47,497,578,456 shares outstanding at March 31, 2015 and 47,497,578,456 shares outstanding at December 31, 2014		(13,723,527	)		(13,723,527	)
Preferred Class A additional paid in capital		1,486,010			1,486,010
Preferred Class B additional paid in capital		14,093,628			14,093,628
Subscription Receivable		(403,815	)		(403,815	)
Accumulated deficit		(20,013,826	)		(19,400,144	)
Total stockholders’ deficit		(7,511,735	)		(6,898,053	)
Total liabilities and stockholders’ deficit	$	1,249,692		$	1,257,998

F-2

~~The accompanying~~QuickLink ~~notes~~to ~~are~~Table ~~an integral part~~ of ~~these consolidated financial statements.~~Contents

~~F-2~~Garb Oil & Power Corporation and Subsidiaries Consolidated Statements of Cash Flows

Garb Oil & Power Corporation and Subsidiaries


	For the six months ended
	June 30, 2015		June 30, 2014
	(Unaudited)		(Unaudited)
Cash flows from operating activities:
Net loss	$	(1,647,581)	$	(575,330)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation expense		14,429		-
Common stock issued for services		-		96,000
(Gain) loss on subscription receivable write-off		403,815		-
Debt issued for interest expense		100,751		-
Amortization of debt discount		55,968		2,742
(Gain) loss on derivative liability valuation		416,278		-
Accretion of present value of capital lease		39,770		-
Loan fees		36,000		-
Changes in operating assets and liabilities:
Accounts payable and accrued expenses		340,133		248,130
Accrued interest		119,665		115,817
Related party payable		1,833		(1,581)
Related party accrued interest		47,460		-
Wages and payroll taxes payable		66,500		57,500
Net cash used in operating activities		(4,979)		(56,722)

Cash flows from investing activities		-		-

Cash flows from financing activities:
Proceeds from notes payable		5,040		12,000
Payments on notes payable		-		(20,000)
Cash received on issuances of common stock - related parties		-		64,868
Net cash provided by financing activities		5,040		56,868
Net increase in cash		61		146
Cash at beginning of period		196		3
Cash at end of period	$	257	$	149


Supplemental disclosures of cash flow information:

Cash paid for:
Interest	$	-	$	-
Income taxes	$	-	$	-

Non-cash financing activities:
Accrued interest reclassified to note principal	$	7,521	$	-
Common shares issued for debt and accrued interest	$	-	$	100,000
Debt discount	$	5,040	$	12,000
Class B preferred shares exchanged for Common shares	$	-	$	4,142,300
Common shares issued for subscription receivable	$	-	$	69,028
Preferred shares issued for subscription receivable	$	-	$	334,787
Adjustment to net present value for capital lease	$	85,913	$	-

~~Consolidated Statements~~The accompanying notes are an integral part of ~~Operations~~these consolidated financial statements.

	For the three months ended
	March 31, 2015			March 31, 2014
	(Unaudited)			(Unaudited)
SALES
Sales	$	-		$	200,000
TOTAL SALES		-			200,000
COST OF SALES		-			90,000
GROSS PROFIT		-			110,000
OPERATING EXPENSES
Selling, general and administrative	$	198,333		$	350,556
Total Operating Expenses		198,333			350,556
LOSS FROM OPERATIONS		(198,333	)		(240,556	)
OTHER INCOME (EXPENSE)
Derivative liability expense		(229,125	)		-
Interest expense		(186,224	)		(108,358	)
Total Other Income (Expense)		(415,349	)		(108,358	)
LOSS BEFORE INCOME TAXES	$	(613,682	)	$	(348,914	)
PROVISION (BENEFIT) FOR INCOME TAXES		-			-
NET LOSS		(613,682	)		(348,914	)
BASIC AND DILUTED LOSS PER COMMON SHARE ATTRIBUTABLE TO GARB OIL & POWER SHAREHOLDERS	$	(0.00	)	$	(0.00	)
WEIGHTED AVERAGE OF COMMON SHARES OUTSTANDING		47,497,578,456			40,460,712,592

F-3

~~The accompanying~~QuickLink ~~notes~~to ~~are~~Table ~~an integral part~~ of ~~these consolidated financial statements.~~Contents

~~F-3~~Garb Oil & Power Corporation and Subsidiaries

~~Garb Oil~~Notes &to ~~Power~~Consolidated ~~Corporation~~Financial ~~and Subsidiaries~~Statements

~~Consolidated Statements of Cash Flows~~(Unaudited)

	For the three months ended
	March 31, 2015			March 31, 2014
	(Unaudited)			(Unaudited)
Cash flows from operating activities:
Net loss	$	(613,682	)	$	(348,914	)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation expense		8,132			-
Common stock issued for services		-			10,000
Amortization of debt discount		37,448			681
Loss on derivative liability		229,125			-
Accretion of present value of capital lease		24,016			-
Loan fees		36,000			-
Changes in operating assets and liabilities:
Accounts receivable		-			-
Accounts payable and accrued expenses		170,680			300,959
Accrued interest		70,969			86,043
Related party payable		(1,152	)		3,180
Wages and payroll taxes payable		33,250			24,250
Net cash provided by (used in) operating activities		(5,214	)		76,199

For the Three and Six months ended June 30, 2015 and 2014

~~(Continued next~~Note ~~page)~~1 – Organization, Nature of Business, and Significant Accounting Principles

~~F-4~~Organization and Nature of Business to Date

Garb Oil & Power Corporation (the “Company” or “Garb”) was incorporated in the State of Utah in 1972 under the name Autumn Day, Inc. The Company changed its name to Energy Corporation International in 1978 and ~~Subsidiaries~~to Garb-Oil Corporation of America in 1981, which marked the start of the Company’s development state in the energy and recycling industries. The Company changed its name to Garb Oil & Power Corporation in 1985 and then to Garb Corporation in May 2013. In February 2014, the Company changed its name back to Garb Oil & Power Corporation.

~~Consolidated Statements~~On October 27, 2009, the Company entered into an agreement to purchase Resource Protection Systems GmBH, a company organized and currently active under the laws of ~~Cash~~Germany ~~Flows~~(“RPS”). The purchase was for all outstanding shares, as well as for specified RPS assets and liabilities. The RPS specified assets were not transferred to the Company and therefore the purchase was not fully consummated. On January 15, 2010, RPS purchased 80% of the issued and outstanding stock of Newview S.L., a company organized under the laws of Spain (“Newview”).The Company, RPS and Newview were considered entities under common control.

~~(Continued)~~Effective August 21, 2013, all of the Company’s executive officers and directors at the time resigned and therefore the Company, RPS and Newview were no longer considered to be entities under common control. Also effective August 21, 2013, following the resignation of the Company’s management at the time, Ms. Tammy Taylor was appointed as the Company’s Chief Executive Officer, President and Principal Financial Officer, and Ms. M. Aimee Coleman was appointed as the Company’s Corporate Secretary and Principal Accounting Officer. Ms. Taylor was also appointed as the Company’s sole director.

	For the three months ended
	March 31, 2015			March 31, 2014
	(Unaudited)			(Unaudited)
Net cash used in investing activities		-			-
Cash flows from financing activities:
Proceeds from notes payable		5,040			-
Payments on notes payable		-			(10,000	)
Cash received on issuances of common stock - related parties		-			64,868
Net cash provided by financing activities		5,040			54,868
Net increase (decrease) in cash		(174	)		131,067
Cash at beginning of period		196			3
Cash at end of period	$	22		$	131,070
Supplemental disclosures of cash flow information:
Cash paid for:
Interest	$	-		$	-
Income taxes	$	-		$	-
Non-cash financing activities:
Accrued interest reclassified to note principal	$	3,180		$	-
Subscription receivable	$	-		$	403,815
Debt discount	$	5,040		$	-

On January 24, 2014 the Company signed a letter of intent (the “LOI”) and a collaborative effort agreement (the “CE Agreement”) with Shredderhotline.com Company (“Shredderhotline”) and Dan Scott Burda, Shredderhotline’s President/Owner. In general, the CE Agreement provided that the two ranking executive officers of both companies’ will collaborate on future sales and operations within a newly formed wholly owned subsidiary of the Company, Garb Global Services, Inc. (“Garb Global”). On November 18, 2014, the Company and Shredderhotline mutually determined that their business interests had diverged and the Company and Shredderhotline released one another from their rights and obligations under the LOI and CE Agreement both dated January 24, 2014. Garb Global continues as a wholly owned operating subsidiary of the Company. As of June 30, 2015, the Company's consolidated financial statements include the accounts of Garb and Garb Global. All intercompany accounts and transactions have been eliminated in consolidation.

~~The accompanying~~Basis ~~notes are an integral part~~ of ~~these consolidated financial statements.~~Presentation

FThe unaudited interim financial statements included herein have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). The financial statements and notes are presented as permitted on Form 10-5Q and do not contain information included in the Company’s annual statements and notes. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted pursuant to such rules and regulations, although the Company believes that the disclosures are adequate to make the information presented not misleading. It is suggested that these consolidated financial statements be read in conjunction with the December 31, 2014 audited financial statements and the accompanying notes thereto included in our annual report on Form 10-K. While management believes the procedures followed in preparing these unaudited financial statements are reasonable, the accuracy of the amounts are in some respects dependent upon the facts that will exist, and procedures that will be accomplished by the Company later in the year.

~~Garb Oil~~These &consolidated ~~Power~~unaudited ~~Corporation~~financial statements reflect all adjustments, including normal recurring adjustments which, in the opinion of management, are necessary to present fairly the operations and ~~Subsidiaries~~cash flows for the periods presented.

~~Notes to Consolidated Financial Statements~~F-4

~~(Unaudited)~~QuickLink to Table of Contents

~~For the~~Fair ~~Three~~Value ~~months~~of ~~ended~~Financial ~~March 31, 2015 and 2014~~Instruments

~~Note 1~~The –Company’s ~~Organization~~financial instruments include accounts receivable, ~~Nature~~accounts ofpayable ~~Business~~and accrued expenses, related party payable, notes payable, related party notes payable and ~~Basis~~derivative liabilities. The principal balance of ~~Presentation~~accounts receivable, accounts payable and accrued expenses, related party payable, notes payable and related party notes payable approximate fair value because current interest rates and terms available to the Company for similar instruments are substantially the same.

~~Organization and~~Derivative ~~Nature~~liabilities ofare ~~Business~~recorded toat ~~Date~~fair value. The Company uses a framework for measuring fair value with a three-tier fair value hierarchy which prioritizes the inputs used in measuring fair value as follows:

~~Garb Oil~~Level ~~& Power Corporation (the “Company” or “Garb”) was incorporated in the State of Utah in 1972 under the name Autumn Day, Inc~~1. ~~The~~Observable ~~Company~~inputs ~~changed~~such ~~its~~as ~~name~~quoted toprices ~~Energy Corporation International~~ in ~~1978~~active and to Garb-Oil Corporation of America in 1981, which marked the start of the Company’s development state in the energy and recycling industries. The Company changed its name to Garb Oil & Power Corporation in 1985 and then to Garb Corporation in May 2013. In February 2014, the Company changed its name back to Garb Oil & Power Corporation.markets;

~~On October~~Level ~~27, 2009, the Company entered into an agreement to purchase Resource Protection Systems GmBH, a company organized and currently active under the laws of Germany (“RPS”)~~2. ~~The purchase was for all outstanding shares~~Inputs, asother ~~well~~than ~~as for specified RPS assets and liabilities. The RPS specified assets were not transferred to~~ the ~~Company~~quoted ~~and~~prices ~~therefore~~in ~~the~~active ~~purchase was not fully consummated. On January 15~~markets, ~~2010,~~that ~~RPS~~are ~~purchased~~observable ~~80%~~either ofdirectly ~~the~~or ~~issued~~indirectly; and ~~outstanding stock of Newview S.L., a company organized under the laws of Spain (“Newview”). The Company, RPS and Newview were considered entities under common control.~~

~~Effective August~~Level ~~21,~~3. ~~2013,~~Unobservable ~~all~~inputs ofin ~~the~~which ~~Company’s~~there ~~executive~~is ~~officers~~little ~~and~~or ~~directors at the time resigned and therefore the Company, RPS and Newview were~~ no ~~longer~~market ~~considered to be entities under common control. Also effective August 21~~data, ~~2013,~~which ~~following~~requires the ~~resignation of~~reporting ~~the~~entity ~~Company’s~~to ~~management~~develop atits ~~the~~own ~~time, Ms~~assumptions. Tammy Taylor was appointed as the Company’s Chief Executive Officer, President and Principal Financial Officer, and Ms. M. Aimee Coleman was appointed as the Company’s Corporate Secretary and Principal Accounting Officer. Ms. Taylor was also appointed as the Company’s sole director.

~~On January~~The ~~24,~~fair ~~2014~~value ~~the~~hierarchy ~~Company~~for ~~signed~~recurring afair ~~letter~~value ofmeasurements ~~intent~~is (the “LOI”) and a collaborative effort agreement (the “CE Agreement”) with Shredderhotline.com Company (“Shredderhotline”) and Dan Scott Burda, Shredderhotline’s President/Owner. In general, the CE Agreement provided that the two ranking executive officers of both companies’ will collaborate on future sales and operations within a newly formed wholly owned subsidiary of the Company, Garb Global Services, Inc. (“Garb Global”). On November 18, 2014, the Company and Shredderhotline mutually determined that their business interests had diverged and the Company and Shredderhotline released one another from their rights and obligations under the LOI and CE Agreement both dated January 24, 2014. Garb Global continues as ~~an operating subsidiary of the Company.~~follows:

Basis of Presentation


	Fair Value		Fair Value Measurements at June 30, 2015
	as of		Using Fair Value Hierarchy
	June 30, 2015		Level 1		Level 2		Level 3
Liabilities:
Derivative liability	$	2,668,509	$	-	$	-	$	2,668,509
Derivative liability - related party	$	37,039	$	-	$	-	$	37,039

~~The unaudited interim financial statements included herein have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission~~ (~~“SEC”).~~Also ~~The~~see ~~financial~~Note ~~statements~~5 ~~and~~– ~~notes~~Derivative ~~are~~Liability ~~presented as permitted on Form 10-Q~~ and ~~do not~~Note ~~contain~~7 ~~information~~– ~~included~~Derivative inLiability ~~the~~– ~~Company’s~~Related annual statements and notes. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted pursuant to such rules and regulations, although the Company believes that the disclosures are adequate to make the information presented not misleading. It is suggested that these consolidated financial statements be read in conjunction with the December 31, 2014 audited financial statements and the accompanying notes thereto included in our annual report on Form 10-K. While management believes the procedures followed in preparing these unaudited financial statements are reasonable, the accuracy of the amounts are in some respects dependent upon the facts that will exist, and procedures that will be accomplished by the Company later in the year.Party)

~~F-6~~Receivables

~~These consolidated~~As ~~unaudited~~of ~~financial~~June ~~statements~~30, ~~reflect~~2015 ~~all~~and ~~adjustments~~December 31, ~~including~~2014 ~~normal~~the ~~recurring~~Company's ~~adjustments~~receivables ~~which~~include $249,051 inrelated ~~the~~to ~~opinion of~~cash received by former management without supportive cash receipts and $350,000 ~~are~~of ~~necessary~~accounts receivable derived from sales derived from sales of products and services to ~~present~~customers ~~fairly~~operating ~~the~~as ~~operations~~recyclers and ~~cash~~tire ~~flows~~wholesalers. Amounts that have been invoiced are recorded in accounts receivable when revenue recognition criteria have been met. The Company's allowance for ~~the~~doubtful ~~periods~~accounts ~~presented~~is based on its historical bad debt experience and on current management's evaluation of its ability to collect individual outstanding balances. The Company had an allowance for doubtful accounts of $599,051 as of June 30, 2015 and December 31, 2014.

~~Fair Value~~Revenue ofRecognition ~~Financial~~To ~~Instruments~~Date

~~The Company’s~~Revenue ~~financial~~is ~~instruments~~recognized ~~include~~when ~~accounts~~the ~~receivable,~~following ~~accounts~~criteria ~~payable~~are ~~and~~met: ~~accrued~~1. ~~expenses,~~persuasive ~~related~~evidence ~~party~~of ~~payable, notes~~an ~~payable~~arrangement exists, ~~related~~which ~~party~~is ~~notes~~generally ~~payable~~in ~~and~~the ~~derivative~~form ~~liabilities.~~of ~~The~~a ~~principal~~signed ~~balance~~contract ofwhich ~~accounts~~specifies ~~receivable~~a fixed price, ~~accounts payable~~2. ~~and~~the ~~accrued~~sales ~~expenses~~amount is determinable, ~~related~~3. ~~party~~when ~~payable,~~title ~~notes~~is ~~payable~~transferred, ~~and~~which ~~related~~is ~~party~~when ~~notes~~goods ~~payable~~shipped ~~approximate~~to ~~fair~~the ~~value~~customer ~~because current~~has ~~interest~~been ~~rates~~received and ~~terms~~accepted ~~available~~or toservices ~~the~~have ~~Company~~been ~~for~~rendered, ~~similar~~and ~~instruments~~4. ~~are~~collection ~~substantially~~is ~~the~~reasonably ~~same~~assured. The Company engages in product sales.

~~Derivative liabilities~~Note ~~are~~2 ~~recorded~~– atGoing ~~fair value. The Company uses a framework for measuring fair value with a three-tier fair value hierarchy which prioritizes the inputs used in measuring fair value as follows:~~Concern

~~Level~~ The accompanying consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the ordinary course of business. As shown in the consolidated financial statements, the Company has incurred a net loss of $1,647,581 for the six months ended June 30, 2015 and has a net accumulated deficit of $21,047,725. These ~~Observable~~factors, ~~inputs~~among ~~such~~others, raise substantial doubt about the Company’s ability to continue as ~~quoted~~a ~~prices~~going inconcern ~~active~~for ~~markets;~~a reasonable period of time. The consolidated financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amount and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. The Company’s ability to continue as a going concern is dependent upon its ability to generate sufficient cash flows to meet its obligations on a timely basis, to obtain additional financing as may be required, and its ability to continue its implementation of operations. Management is continuing its efforts to obtain the necessary financing as may be required to generate sufficient cash flows for current and future operations. Management is pursuing avenues of generating cash or revenues during the next twelve months. The Company is also attempting to interest purchasers, or potential purchasers, of shredders, recycling equipment and new tires, and establishing manufacturing plants. The Company also continues to pursue financing to build and operate its own waste refinement and recycling industrial manufacturing plants.

~~Level 2. Inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and~~F-5

~~Level 3.~~QuickLink ~~Unobservable inputs in which there is little or no market data, which requires the reporting entity~~ to ~~develop its own~~Table ~~assumptions.~~of Contents

~~The fair~~There ~~value~~is ~~hierarchy~~no ~~for~~assurance ~~recurring~~that ~~fair~~the ~~value~~Company ~~measurements~~will isbe able to obtain additional cash flow from operations or to obtain additional financing. If these are not available to the Company, the Company may not be able to continue operations. While management remains confident that transactions will proceed, no assurances can be expressed as ~~follows:~~to the Company’s continuing viability in the absence of revenues. Current funding has come from operations and sales and the Company is currently in negotiations with several investment sources for equity investment in the company, which if successful, will satisfy long-term operations and capital expenditures. There are no guarantees that such negotiations will be successful.

	Fair Value		Fair Value Measurements at March 31, 2015
	as of		Using Fair Value Hierarchy
	March 31, 2015		Level 1		Level 2		Level 3
Liabilities:
Derivative liability	$	2,482,896	$	-	$	2,482,896	$	-
Derivative liability - related party	$	35,499	$	-	$	35,499	$	-

Note 3 – Related Party Transactions

~~(Also~~Related ~~see Note~~party 5payable –consisted ~~Derivative~~of ~~Liability~~the ~~and~~following ~~Note~~at 7June –30, ~~Derivative Liability – Related Party)~~2015:

Note 2 – Going Concern


	June 30, 2015
Accounts payable to related parties, due on demand, no interest, unsecured	$	5,780
Total	$	5,780

~~The accompanying~~Note ~~consolidated~~4 – Notes financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the ordinary course of business. As shown in the consolidated financial statements, the Company has incurred a net loss of $(613,682) for the three months ended March 31, 2015 and has a net accumulated deficit of $(20,013,826). These factors, among others, raise substantial doubt about the Company’s ability to continue as a going concern for a reasonable period of time. The consolidated financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amount and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. The Company’s ability to continue as a going concern is dependent upon its ability to generate sufficient cash flows to meet its obligations on a timely basis, to obtain additional financing as may be required, and its ability to continue its implementation of operations. Management is continuing its efforts to obtain the necessary financing as may be required to generate sufficient cash flows for current and future operations. Management is pursuing avenues of generating cash or revenues during the next twelve months. The Company is also attempting to interest purchasers, or potential purchasers, of shredders, recycling equipment and new tires, and establishing manufacturing plants. The Company also continues to pursue financing to build and operate its own waste refinement and recycling industrial manufacturing plants.Payable

~~There is~~Both nosecured ~~assurance~~and ~~that~~unsecured ~~the~~notes ~~Company~~payable ~~will~~balance benet ~~able~~of todiscounts ~~obtain~~as ~~additional~~of ~~cash~~June ~~flow~~30, ~~from~~2015 ~~operations~~and orDecember ~~to obtain additional financing. If these are not available to the Company~~31, ~~the~~2014 ~~Company~~were ~~may not be able to continue operations. While management remains confident that transactions will proceed~~$1,596,886, nonet ~~assurances~~of ~~can~~debt bediscounts ~~expressed as to the Company’s continuing viability in the absence~~ of ~~revenues.~~ ~~Current~~$16,616 ~~funding has come from operations~~ and ~~sales~~$1,454,062, ~~and~~net ~~the~~of ~~Company~~debt isdiscounts ~~currently~~of ~~in negotiations with several investment sources for equity investment in the company~~$48, ~~which if successful~~189, ~~will satisfy long-term operations and capital expenditures~~respectively. ~~There are no guarantees that such negotiations will be successful.~~

~~F-7~~January 1, 2003 Note

A $68,493 unsecured promissory note was entered into on January 1, 2003, is due on demand and plus interest of 12%. The balance of the Note 3 –as ~~Related~~of ~~Party~~June ~~Transactions~~30, 2015 and December 31, 2014 was $68,493, net of debt discounts of $0.

~~Related party~~January ~~payable consisted of the following at March 31~~1, ~~2015:~~2003 Note

	March 31, 2015
Accounts payable to related parties, due on demand, no interest, unsecured	$	2,795
Total	$	2,795

A $165,000 unsecured promissory note was entered into on January 1, 2003, is due on demand and plus interest of 12%. The balance of the Note as of June 30, 2015 and December 31, 2014 was $165,000, net of debt discounts of $0.

~~As of~~January ~~March 31~~21, ~~2015,~~2003 accounts receivable related to cash received by former management without supportive cash receipts was $249,051. As of March 31, 2015, allowances for bad debt was $249,051, resulting in net accounts receivable from related party balances as of March 31, 2015 as $0.Note

A $20,000 unsecured promissory note was entered into on January 21, 2003, is due on demand and plus interest of 10%. The balance of the Note 4 –as ~~Notes~~of ~~Payable~~June 30, 2015 and December 31, 2014 was $20,000, net of debt discounts of $0.

~~Both secured~~June ~~and unsecured notes payable balance net of discounts as of March 31~~24, ~~2015~~2006 ~~and December 31, 2015 were $1,510,835, net of debt discounts of $35,137 and $1,454,062, net of debt discounts of $48,189, respectively.~~Note

A $53,000 promissory note was entered into on June 24, 2006 secured by sales contract and officer guarantee, is due on demand, plus interest of 12% and plus a $5,000 default interest penalty per week. During the year ended December 31, 2013, the Company and the note holder entered into a debt settlement agreement on this note and the January 1 3, ~~2003~~2002 Note that resulted in forgiveness of the June 24, 2006 Note principal over $35,000 and all accrued interest. During the year ended December 31, 2014, the Company paid $20,000 cash payments toward the June 24, 2006 Note that was settled as a principal only note. The balance of the Note as of June 30, 2015 and December 31, 2014 was $15,000, net of debt discounts of $0.

~~A $68,493~~July ~~unsecured promissory note was entered into on January 1~~5, ~~2003,~~2006 ~~is due on demand and plus interest of 12%. The balance of the~~ Note ~~as of March 31, 2015 and December 31, 2014 was $68,493, net of debt discounts of $0.~~

~~January 1~~A $2,250 ~~2003~~unsecured promissory note was entered into on July 5, 2006, was due September 5, 2006, plus interest of 5% per month and is in default. The balance of the Note as of June 30, 2015 and December 31, 2014 was $2,250, net of debt discounts of $0.

~~A $165,000~~July ~~unsecured promissory note was entered into on January 1~~5, ~~2003,~~2006 ~~is due on demand and plus interest of 12%. The balance of the~~ Note ~~as of March 31, 2015 and December 31, 2014 was $165,000, net of debt discounts of $0.~~

~~January 21~~A $2,750 ~~2003~~unsecured promissory note was entered into on July 5, 2006, was due September 5, 2006, plus interest of 5% per month and is in default. The balance of the Note as of June 30, 2015 and December 31, 2014 was $2,750, net of debt discounts of $0.

A $20,000 unsecured promissory note was entered into on January 21, 2003, is due on demand and plus interest of 10%. The balance of the Note as of March 31, 2015 and December 31, 2014 was $20,000, net of debt discounts of $0.F-6

~~June 24,~~QuickLink ~~2006~~to ~~Note~~Table of Contents

~~A $53,000~~October ~~promissory note was entered into on June 24~~11, ~~2006~~2007 secured by sales contract and officer guarantee, is due on demand, plus interest of 12% and plus a $5,000 default interest penalty per week. During the year ended December 31, 2013, the Company and the note holder entered into a debt settlement agreement on this note and the January 3, 2002 Note that resulted in forgiveness of the June 24, 2006 Note principal over $35,000 and all accrued interest. During the year ended December 31, 2014, the Company paid $20,000 cash payments toward the June 24, 2006 Note that was settled as a principal only note. The balance of the Note as of March 31, 2015 and December 31, 2014 was $15,000, net of debt discounts of $0.

~~July 5~~A $129,327 unsecured promissory note was entered into on October 11, 2007, is due on demand, plus interest of 18% from October 7, 2005 through January 6, 2006 then $500 per week through April 1, 2009, then $5,000 per month. During the year ended December 31, 2012, the Company issued a total of 15,250,000,000 shares of common stock at an average conversion price of $.000001, or $15,250 as repayment to the original debt holder for principal and accrued interest. During the year ended December 31, 2013 the original debt holder assigned $6,000 worth of note’s accrued interest. During the year ended December 31, 2012 the original debt holder assigned $49,000 worth of note’s principle and accrued interest. The balance of the October 11, 2007 Note owed to the original debt holder as of June 30, 2015 and December 31, 2014 was $327, net of debt discounts of $0.

~~A $2,250~~During ~~unsecured~~the ~~promissory~~year ~~note~~ended ~~was~~December ~~entered~~31, ~~into~~2012, onthe ~~July~~Company 5,issued ~~2006~~a total of 6,350,000,000 ~~was~~shares ~~due~~of ~~September~~common 5,stock ~~2006,~~at ~~plus~~an ~~interest~~average conversion price of 5%$.000006, ~~per~~or ~~month~~$35,750, ~~and is~~as inrepayment ~~default.~~for ~~The~~a ~~balance~~portion of the year ended December 31, 2012 Assigned October 11, 2007 Note. The Assigned October 11, 2007 Notes balances total $13,250 as of ~~March~~June 3130, 2015 and December 31, 2014 ~~was $2~~,~~250,~~ net of debt discounts of $0.

~~F-8~~December 31, 2009 Note

~~July 5~~A $6,000 ~~2006~~unsecured promissory note was entered into on December 31, 2009, is due on demand and plus interest of 36%. The balance of the Note as of June 30, 2015 and December 31, 2014 was $6,000, net of debt discounts of $0.

~~A $2,750 unsecured promissory note was entered into on July 5, 2006, was due September 5, 2006, plus interest of 5% per month and is in default. The balance of the Note as of March 31, 2015 and~~ December 31, ~~2014~~2009 ~~was $2,750, net of debt discounts of $0.~~Note

~~October 11~~A $7,500 ~~2007~~unsecured promissory note was entered into on December 31, 2009, is due on demand and plus interest of 10%. The balance of the Note as of June 30, 2015 and December 31, 2014 was $7,500, net of debt discounts of $0.

A $129,327 unsecured promissory note was entered into on October 11, 2007, is due on demand, plus interest of 18% from October 7, 2005 through January 6, 2006 then $500 per week through April 1, 2009, then $5,000 per month. During the year ended December 31, ~~2012,~~ ~~the~~2009 Company issued a total of 15,250,000,000 shares of common stock at an average conversion price of $.000001, or $15,250 as repayment to the original debt holder for principal and accrued interest. During the year ended December 31, 2013 the original debt holder assigned $6,000 worth of note’s accrued interest. During the year ended December 31, 2012 the original debt holder assigned $49,000 worth of note’s principle and accrued interest. The balance of the October 11, 2007 Note ~~owed to the original debt holder as of March 31, 2015 and December 31, 2014 was $327, net of debt discounts of $0.~~

~~During the~~A ~~year~~$3,000 ~~ended~~unsecured ~~December~~promissory ~~31,~~note ~~2012,~~was ~~the~~entered ~~Company~~into ~~issued~~on aDecember ~~total~~31, ~~of 6~~2009,~~350,000,000~~ ~~shares~~is ofdue ~~common~~on ~~stock~~demand atand anplus ~~average~~interest ~~conversion price~~ of $36%.~~000006,~~ The orbalance ~~$35,750, as repayment for a portion~~ of the ~~year ended December 31, 2012 Assigned October 11, 2007~~ Note~~. The~~ ~~Assigned October 11, 2007 Notes balances total $13,250~~ as of ~~March~~June 3130, 2015 and December 31, 2014 was $3,000, net of debt discounts of $0.

~~December 31~~June 23, ~~2009~~2010 Note

A On June 23, 2010 the Company converted $643,~~000~~217 of accounts payable into an unsecured promissory note. ~~was~~The ~~entered~~note ~~into~~bears oninterest ~~December~~at ~~31,~~6% ~~2009,~~per annum and is due on demand ~~and plus interest of 36%~~. The balance of the June 22, 2010 Note as of ~~March~~June 3130, 2015 and December 31, 2014 was $643,~~000~~217, net of debt discounts of $0.

~~December 31~~June 29, ~~2009~~2010 Note

~~A $7~~On June 29,~~500~~ 2010 the Company issued an unsecured promissory note to a professional services provider for $300,000 related to consulting services rendered. The note bears interest at 18% per annum and has a maturity date of July 1, 2010. The note agreement contains a 10% penalty clause if the Company fails to make payment at the maturity date. On July 2, 2010 the Company was ~~entered~~in ~~into~~default onof the note and recorded penalties of $30,296 to interest expense. During the year ended December 31, ~~2009~~2011, isthe ~~due~~professional onservices ~~demand~~provider (“Assignor”) entered into $309,250 worth of certain assignment of debt agreements with several investors (“Assignees”) pursuant to which the Assignor granted, transferred and ~~plus~~set over until the Assignees its right, title and interest in the June 29, 2010 Note including, without limitation, all rights, interest terms, benefits and advantages of ~~10%.~~the Assignor to be derived here from and burdens, obligations and liabilities to be derived thereunder. The balance of the June 29, 2010 Note owed to the professional services provider as of ~~March~~June 3130, 2015 and December 31, 2014 was $721,~~500~~046, net of debt discounts of $0.

During the year ended December 31, ~~2009~~2012, the Company issued a total of 324,285,714 shares of common stock at an average conversion price of $.00012, or $39,000, as repayment for several of the year ended December 31, 2011 Assigned June 29, 2010 Note. The Assigned June 29, 2010 Notes balances as of June 30, 2015 and December 31, 2014 was $57,000, net of debt discounts of $0.

~~A $3,000 unsecured promissory note was entered into on~~ December 3129, ~~2009,~~2010 ~~is due on demand and plus interest of 36%. The balance of the~~ Note ~~as of March 31, 2015 and December 31, 2014 was $3,000, net of debt discounts of $0.~~

~~June 23~~On December 29, 2010 the Company issued an unsecured promissory note to a professional services provider for $50,000 related to consulting services rendered. The note bears interest at 18% per annum and has a maturity date of December 31, 2010. The note agreement contains a 10% penalty clause if the Company fails to make payment at the maturity date. On December 31, 2010 the Company was in default of the Note and recorded penalties of $5,049 to interest expense. The balance of the December 29, 2010 Note as of June 30, 2015 and December 31, 2014 was $55,049, net of debt discounts of $0.

On June 23, 2010 the Company converted $43,217 of accounts payable into an unsecured promissory note. The note bears interest at 6% per annum and is due on demand. The balance of the June 22, 2010 Note as of March 31, 2015 and December 31, 2014 was $43,217, net of debt discounts of $0.F-7

~~June 29,~~QuickLink ~~2010~~to ~~Note~~Table of Contents

~~On June~~September 2922, 2010 the Company issued an unsecured promissory note to a professional services provider for $300,000 related to consulting services rendered. The note bears interest at 18% per annum and has a maturity date of July 1, 2010. The note agreement contains a 10% penalty clause if the Company fails to make payment at the maturity date. On July 2, 2010 the Company was in default of the note and recorded penalties of $30,296 to interest expense. During the year ended December 31, 2011, the professional services provider (“Assignor”) entered into $309,250 worth of certain assignment of debt agreements with several investors (“Assignees”) pursuant to which the Assignor granted, transferred and set over until the Assignees its right, title and interest in the June 29, 2010 Note including, without limitation, all rights, interest terms, benefits and advantages of the Assignor to be derived here from and burdens, obligations and liabilities to be derived thereunder. The balance of the June 29, 2010 Note owed to the professional services provider as of March 31, 2015 and December 31, 2014 was $21,046, net of debt discounts of $0.

~~F-9~~On September 22, 2011 the Company issued an unsecured convertible note in the principal amount of $20,000 in exchange for $20,000 in cash consideration. The note bears interest at 8% per annum, has a maturity date of September 22, 2012 and has a 24% default interest rate should the note go into default. On September 23, 2012 the Company defaulted on the note and the note interest per annum increased to 24%. The balance of the September 22, 2011 Note as of June 30, 2015 and December 31, 2014 was $20,000, both net of debt discounts of $0.

~~During the~~October ~~year ended December 31~~1, ~~2012, the Company issued a total of 324,285,714 shares of common stock at an average conversion price of $.00012, or $39,000, as repayment for several of the year ended December 31,~~ 2011 ~~Assigned June 29, 2010~~ Note~~. The Assigned June 29, 2010 Notes balances as of March 31, 2015 and December 31, 2014 was $57,000, net of debt discounts of $0.~~

~~December 29~~On October 1, ~~2010~~2011 the Company issued an unsecured promissory note to a professional services provider for $40,700 related to consulting services rendered. The note bears interest at 10% per annum and has a maturity date of April 1, 2012. On April 2, 2012 the Company defaulted on the note. The balance of the October 1, 2011 Note as of June 30, 2015 and December 31, 2014 was $40,700, both net of debt discounts of $0.

~~On December~~November 292, ~~2010~~2011 the Company issued an unsecured promissory note to a professional services provider for $50,000 related to consulting services rendered. The note bears interest at 18% per annum and has a maturity date of December 31, 2010. The note agreement contains a 10% penalty clause if the Company fails to make payment at the maturity date. On December 31, 2010 the Company was in default of the Note ~~and recorded penalties of $5,049 to interest expense. The balance of the December 29, 2010 Note as of March 31, 2015 and December 31, 2014 was $55,049, net of debt discounts of $0.~~

~~September 22~~On November 2, 2011 the Company issued an unsecured convertible note in the principal amount of $33,000 in exchange for $33,000 in cash consideration. The note bears interest at 8% per annum, has a maturity date of November 2, 2012 and has a 24% default interest rate should the note go into default. On November 3, 2012 the Company defaulted on the note and the note interest per annum increased to 24%. The balance of the November 2, 2011 Note as of June 30, 2015 and December 31, 2014 was $33,000, both net of debt discounts of $0.

~~On September~~December 2230, 2011 the Company issued an unsecured convertible note in the principal amount of $20,000 in exchange for $20,000 in cash consideration. The note bears interest at 8% per annum, has a maturity date of September 22, 2012 and has a 24% default interest rate should the note go into default. On September 23, 2012 the Company defaulted on the note and the note interest per annum increased to 24%. The balance of the September 22, 2011 Note ~~as of March 31, 2015 and December 31, 2014 was $20,000, both net of debt discounts of $0.~~3

~~October~~ On December 30, 2011 the Company issued an unsecured promissory note in the principal amount of $22,000 in exchange for $22,000 in cash consideration. The note bears interest at 10% per annum and has a maturity date of June 30, 2012. On July 1, 2012 the Company defaulted on the note. The balance of the December 30, 2011 Note 3 as of June 30, 2015 and December 31, 2014 was $22,000, both net of debt discounts of $0.

~~On October~~March 17, 2011 the Company issued an unsecured promissory note to a professional services provider for $40,700 related to consulting services rendered. The note bears interest at 10% per annum and has a maturity date of April 1, 2012. ~~On April 2, 2012 the Company defaulted on the note. The balance of the October 1, 2011~~ Note ~~as of March 31, 2015 and December 31, 2014 was $40,700, both net of debt discounts of $0.~~

~~November 2~~On March 7, ~~2011~~2012 the Company borrowed $10,000 pursuant to an unsecured convertible note. The note bears interest at 7% per annum and has a maturity date of January 24, 2013. The note agreement contains a change in the interest rate to 20% default interest rate should the note go into default. On January 25, 2013 the Company defaulted on the note and the note interest per annum increased to 20%. The balance of the March 7, 2012 Note as of June 30, 2015 and December 31, 2014 was $10,000, net of debt discounts of $0.

~~On November~~May 216, 2011 the Company issued an unsecured convertible note in the principal amount of $33,000 in exchange for $33,000 in cash consideration. The note bears interest at 8% per annum, has a maturity date of November 2, 2012 and has a 24% default interest rate should the note go into default. On November 3, 2012 the Company defaulted on the note and the note interest per annum increased to 24%. The balance of the November 2, 2011 Note ~~as of March 31, 2015 and December 31, 2014 was $33,000, both net of debt discounts of $0.~~

~~December~~ On May 16, 2012 the Company borrowed $20,000 pursuant to an unsecured convertible note. The note bears interest at 15% per annum, has a maturity date of February 16, 2013, and unpaid accrued interest is added to the note’s principal balance at the end of each quarter. The note agreement contains a change in the interest rate to $500 per day default interest rate (or the highest rate allowed by law) should the note go into default. On February 17, 2013 the Company defaulted on the note and the note interest increased to $500 per day. During the six months ended June 30, ~~2011~~2015, $2,208 accrued interest was added to the note’s principal balance. During the year ended December 31, 2014, $8,901 accrued interest was added to the note’s principal balance. The balance of the May 16, 2012 Note 3as of June 30, 2015 was $31,109 including added accrued interest to date of $11,109 and December 31, 2014 was $28,901 including added accrued interest to date of $8,901, both net of debt discounts of $0.

~~On December~~May 3023, 2011 the Company issued an unsecured promissory note in the principal amount of $22,000 in exchange for $22,000 in cash consideration. The note bears interest at 10% per annum and has a maturity date of June 30, 2012. ~~On July 1, 2012 the Company defaulted on the note. The balance of the December 30, 2011~~ Note ~~3 as of March 31, 2015 and December 31, 2014 was $22,000, both net of debt discounts of $0.~~

~~March 7~~On May 23, 2012 the Company borrowed $15,000 pursuant to an unsecured convertible note. The note bears interest at 15% per annum, has a maturity date of May 23, 2013, and unpaid accrued interest is added to the note’s principal balance at the end of each quarter. The note agreement contains a change in the interest rate to $500 per day default interest rate (or the highest rate allowed by law) should the note go into default. On May 24, 2013 the Company defaulted on the note and the note interest increased to $500 per day. During the six months ended June 30, 2015, $1,656 accrued interest was added to the note’s principal balance. During the year ended December 31, 2014, $6,676 accrued interest was added to the note’s principal balance. The balance of the May 23, 2012 Note

On March 7, 2012 the Company borrowed $10,000 pursuant to an unsecured convertible note. The note bears interest at 7% per annum and has a maturity date of January 24, 2013. The note agreement contains a change in the interest rate to 20% default interest rate should the note go into default. On January 25, 2013 the Company defaulted on the note and the note interest per annum increased to 20%. The balance of the March 7, 2012 Note as of March 31, 2015 and December 31, 2014 was $10,000, net of debt discounts of $0.F-8

~~May 16,~~QuickLink ~~2012~~to ~~Note~~Table of Contents

On May 16, 2012 the Company borrowed $20,000 pursuant to an unsecured convertible note. The note bears interest at 15% per annum, has a maturity date of February 16, 2013, and unpaid accrued interest is added to the note’s principal balance at the end of each quarter. The note agreement contains a change in the interest rate to $500 per day default interest rate (or the highest rate allowed by law) should the note go into default. On February 17, 2013 the Company defaulted on the note and the note interest increased to $500 per day. During the three months ended March 31, 2015, $1,084 accrued interest was added to the note’s principal balance. During the year ended December 31, 2014, $8,901 accrued interest was added to the note’s principal balance. The balance of the May 16, 2012 Note as of ~~March~~June 3130, 2015 was $2923,~~985~~332 including added accrued interest to date of $98,~~985~~332 and December 31, 2014 was $2821,~~901~~676 including added accrued interest to date of $86,~~901~~676, both net of debt discounts of $0.

~~F-10~~June 16, 2012 Note

~~May 23~~On June 16, 2012 the Company issued a $700,000 unsecured convertible note in exchange for consolidating and paying in full the unsecured notes’ outstanding principal and accrued interest that are identified below. The principal total of the notes consolidated into the June 16, 2012 Note was $544,787 with the Company recognizing the additional $155,213 principal as consulting services expense. The note bears interest at 6% per annum and has a maturity date of June 16, 2014. The note agreement contains a change in the interest rate to 24% default interest rate should the note go into default. On June 17, 2014 the Company defaulted on the note and the note interest per annum increased to 24%. During the year ended December 31, 2014, the Company issued a total of 1,428,571 429 shares of common stock at an average conversion price of $0.0007, or $100,000 as partial repayment of the June 16, 2012 Note. The balance of the June 16, 2012 Note as of June 30, 2015 and December 31, 2014 was $600,000, net of debt discounts of $0.

~~On May~~Notes ~~23,~~consolidated 2012 the Company borrowed $15,000 pursuant to an unsecured convertible note. The note bears interest at 15% per annum, has a maturity date of May 23, 2013, and unpaid accrued interest is added to the note’s principal balance at the end of each quarter. The note agreement contains a change in the interest rate to $500 per day default interest rate (or the highest rate allowed by law) should the note go into ~~default. On May 24, 2013~~ the ~~Company~~June ~~defaulted on the note and the note interest increased to $500 per day. During the three months ended March 31~~16, 2015, $813 accrued interest was added to the note’s principal balance. During the year ended December 31, 2014, $6,676 accrued interest was added to the note’s principal balance. The balance of the May 23, 2012 Note as of March 31, 2015 was $22,489 including added accrued interest to date of $7,489 and December 31, 2014 was $21,676 including added accrued interest to date of $6,676, both net of debt discounts of $0.

June 16 29, ~~2012~~2010 Note for consulting services, an assignee – $19,000 remaining assigned principal plus accrued interest

On June 1629, ~~2012~~2010 ~~the~~Note ~~Company issued a $700,000 unsecured convertible note in exchange~~ for consolidating and paying in full the unsecured notes’ outstanding principal and accrued interest that are identified below. The principal total of the notes consolidated into the June 16, 2012 Note was $544,787 with the Company recognizing the additional $155,213 principal as consulting services ~~expense. The note bears interest at 6% per annum and has a maturity date of June 16~~, 2014. The note agreement contains a change in the interest rate to 24% default interest rate should the note go into default. On June 17, 2014 the Company defaulted on the note and the note interest per annum increased to 24%. During the year ended December 31, 2014, the Company issued a total of 1,428,571 429 shares of common stock at an ~~average~~assignee ~~conversion~~– ~~price of~~ $~~0.0007~~12,500 orremaining ~~$100,000~~assigned asprincipal ~~partial~~plus ~~repayment~~accrued ~~of the June 16, 2012 Note. The balance of the June 16, 2012 Note as of March 31, 2015 and December 31, 2014 was $600,000, net of debt discounts of $0.~~interest

~~Notes consolidated~~October ~~into~~15, ~~the~~2010 ~~June~~Note 161 for consulting services, ~~2012~~an ~~Note~~assignee – $25,000 assigned principal plus accrued interest

~~June 29~~October 15, 2010 Note 2 for consulting services, an assignee – $1925,000 ~~remaining~~ assigned principal plus accrued interest

~~June 29~~December 14, 2010 Note for ~~consulting~~cash ~~services,~~received ~~an assignee~~ – $123,~~500~~902 remaining ~~assigned~~ principal plus accrued interest

~~October 15~~January 24, ~~2010~~2011 Note 1 for consulting services, ~~an assignee~~ – $~~25,000~~615 ~~assigned~~ principal plus accrued interest

~~October 15~~February 2, ~~2010~~2011 Note 2 for consulting services, ~~an assignee~~ – $~~25,000~~500 ~~assigned~~ principal plus accrued interest

~~December 14~~February 24, ~~2010~~2011 Note for ~~cash~~consulting ~~received~~services, an assignee – $316,~~902~~000 remaining assigned principal plus accrued interest

~~January 24~~April 1, 2011 Note 1 for consulting services – $~~615~~1,336 principal plus accrued interest

~~February 2~~April 1, 2011 Note 2 for consulting services, an assignee – $~~500~~50,000 assigned principal plus accrued interest

~~February 24~~May 12, 2011 Note for consulting services, ~~an assignee~~ – $16100,000 ~~remaining assigned~~ principal plus accrued interest

~~April~~ July 1, 2011 Note 1 for consulting services, an assignee – $110,~~336~~500 assigned principal plus accrued interest

~~April~~ July 1, 2011 Note 2 for consulting services, an assignee – $5030,000 assigned principal plus accrued interest

~~May 12~~October 7, 2011 Note for ~~consulting~~cash ~~services~~received – $~~100~~25,000 principal plus accrued interest

~~July 1~~December 13, 2011 Note 1 for consulting services, ~~an assignee~~ – $107,~~500~~000 ~~assigned~~ principal plus accrued interest

~~July 1~~January 13, ~~2011~~2012 Note 2 for ~~consulting~~cash ~~services,~~received ~~an assignee~~ – $3025,000 ~~assigned~~ principal plus accrued interest

~~October 7~~February 15, ~~2011~~2012 Note for ~~cash~~consulting ~~received~~services, an assignee – $2522,~~000~~500 assigned principal plus accrued interest

~~December 13~~February 20, ~~2011~~2012 Note for consulting services, an assignee – $740,000 assigned principal plus accrued interest

~~January 13~~July 2, 2012 Note ~~for cash received – $25,000 principal plus accrued interest~~

~~February 15~~On July 2, 2012 ~~Note~~the ~~for~~Company ~~consulting~~borrowed ~~services~~$15,000 pursuant to an ~~assignee~~unsecured –convertible ~~$22~~note. The note bears interest at 15% per annum, has a maturity date of July 2, 2013, and unpaid accrued interest is added to the note’s principal balance at the end of each quarter. The note agreement contains a change in the interest rate to $500 ~~assigned~~per day default interest rate (or the highest rate allowed by law) should the note go into default. During the six months ended June 30, 2015, $1,597 accrued interest was added to the note’s principal ~~plus~~balance. During the year ended December 31, 2014, $5,892 accrued interest was added to the note’s principal balance. The balance of the July 2, 2012 Note as of June 30, 2015 was $22,489 including added accrued interest to date of $7,489 and December 31, 2014 was $20,892 including added accrued interest to date of $5,892, both net of debt discounts of $0.

~~February 20,~~March ~~2012 Note for consulting services~~12, an2013 ~~assignee – $40,000 assigned principal plus accrued interest~~Note

~~July 2~~On March 12, ~~2012~~2013 the Company borrowed $14,000 pursuant to an unsecured convertible note. The note bears interest at 10% per annum, has a maturity date of March 12, 2014, and accrues liquidating damages of $250 per day added to the principal balance of the note that may be settled to some lower amount at the time of payment in full. The note agreement contains a change in the interest rate to 20% default interest rate should the note go into default. On March 13, 2014 the Company defaulted on the note and the note interest per annum increased to 20%. During the six months ended June 30, 2015, $45,250 of accrued liquidating damages was added to the note’s principal. During the year ended December 31, 2014, $73,250 of accrued liquidating damages was added to the note’s principal balance. The balance of the March 12, 2013 Note as of June 30, 2015 was $132,500 including $118,500 of accrued liquidating damages to date and December 31, 2014 was $87,250 including $73,250 of accrued liquidating damages to date, both net of debt discounts of $0.

On July 2, 2012 the Company borrowed $15,000 pursuant to an unsecured convertible note. The note bears interest at 15% per annum, has a maturity date of July 2, 2013, and unpaid accrued interest is added to the note’s principal balance at the end of each quarter. The note agreement contains a change in the interest rate to $500 per day default interest rate (or the highest rate allowed by law) should the note go into default. During the three months ended March 31, 2015, $784 accrued interest was added to the note’s principal balance. During the year ended December 31, 2014, $5,892 accrued interest was added to the note’s principal balance. The balance of the July 2, 2012 Note as of March 31, 2015 was $21,676 including added accrued interest to date of $6,676 and December 31, 2014 was $20,892 including added accrued interest to date of $5,892, both net of debt discounts of $0.F-9

~~F-11~~QuickLink to Table of Contents

~~March 12~~April 17, 2013 Note

On ~~March~~ 12April 17, 2013 the Company borrowed $143,000 pursuant to an unsecured ~~convertible~~promissory note. The note bears interest at 10% per annum, and has a maturity date of ~~March~~June 1215, ~~2014, and accrues liquidating damages of $250 per day added to the principal balance of the note that may be settled to some lower amount at the time of payment in full~~2013. ~~The note agreement contains a change in the interest rate to 20% default interest rate should the note go into default.~~ On ~~March~~June 1316, ~~2014~~2013 the Company defaulted on the note ~~and the note interest per annum increased to 20%~~. During the three months ended March 31, 2015, $22,500 of accrued liquidating damages was added to the note’s principal. During the year ended December 31, 2014, $73,250 of accrued liquidating damages was added to the note’s principal balance. The balance of the ~~March~~April 1217, 2013 Note as of ~~March~~June 3130, 2015 ~~was $109,750 including $95,750 of accrued liquidating damages to date~~ and December 31, 2014 was $873,~~250 including $73~~000,~~250~~ ~~of accrued liquidating damages to date, both~~ net of debt discounts of $0.

April 17 27, 2013 Note

On April 1727, 2013 the Company borrowed $~~3,000~~700 pursuant to an unsecured promissory note. The note bears interest at 10% per annum and has a maturity date of ~~June~~August 1525, 2013. On ~~June~~August 1626, 2013 the Company defaulted on the note. The balance of the April 1727, 2013 Note as of ~~March~~June 3130, 2015 and December 31, 2014 was $3700,~~000,~~ net of debt discounts of $0.

~~April 27~~May 19, ~~2013~~2014 Note

On ~~April~~ 27May 19, ~~2013~~2014 the Company ~~borrowed~~entered into a $~~700~~60,000 ~~pursuant~~unsecured convertible note for $50,000 cash to be borrowed during the year ended December 31, 2014 plus a total of $10,000 in loan fees the Company recorded as an ~~unsecured~~administrative ~~promissory~~expense ~~note~~as cash was borrowed. The note bears interest at 108% per annum and has a maturity date of12 ~~August~~months ~~25,~~after ~~2013~~cash is borrowed. The Onnote ~~August~~agreement ~~26,~~contains ~~2013~~a change in the interest rate to 20% default interest rate should the note go into default and required 300,000,000 shares of Company’s ~~defaulted~~common stock to be reserved, but was canceled on October 8, 2014. Also if the note. ~~The~~should go into default, the note accrues liquidating damages of $1,000 per day added to the principal balance of the ~~April~~note ~~27,~~that ~~2013 Note~~may asbe settled to some lower amount at the time of ~~March~~payment ~~31,~~in ~~2015~~full. During ~~and~~the year ended December 31, 2014 ~~was~~the Company borrowed $~~700~~50,000 ~~net~~cash and incurred $10,000 in loan fees. $12,000 of ~~debt~~the ~~discounts~~note has a maturity date of May 19, 2015, $06,000 of the note has a maturity date of July 3, 2015, and $42,000 of the note has a maturity date of September 18, 2015.

On May 20, 2015 the Company defaulted on the note and the entire note interest per annum increased to 20%. During the six months ended June 30, 2015, $42,000 of accrued liquidating damages was added to the note’s principal. The balance of the May 19, 2014 Note as of June 30, 2015 was $90,970 including $42,000 of accrued liquidating damages to date, net of debt discounts of $11,030 and December 31, 2014 was $22,339, net of debt discounts of $37,661.

~~On May~~June 193, 2014 the Company entered into a $60,000 unsecured convertible note for $50,000 cash to be borrowed during the year ended December 31, 2014 plus a total of $10,000 in loan fees the Company recorded as an administrative expense as cash was borrowed. The note bears interest at 8% per annum and has a maturity date 12 months after cash is borrowed. The note agreement contains a change in the interest rate to 20% default interest rate should the note go into default and required 300,000,000 shares of Company’s common stock to be reserved, but was cancelled on October 8, 2014. During the year ended December 31, 2014 the Company borrowed $50,000 cash and incurred $10,000 in loan fees. $12,000 of the note has a maturity date of May 19, 2015, $6,000 of the note has a maturity date of July 3, 2015, and $42,000 of the note has a maturity date of September 18, 2015.Note

On June 3, 2014 the Company entered into a $6,250 unsecured convertible note for a $5,000 cash loan plus $1,250 in documentation fees the Company recorded as an administrative expense. The note bears interest at 0% per annum and has a maturity date of June 3, 2015. The note agreement contains a change in the interest rate to 10% default interest rate should the note go into default, interest accruing from the June 3, 2014 Note date. On June 4, 2015 the Company defaulted on the note and the note interest per annum increased to 10% accruing from the June 3, 2014 Note date. The balance of the ~~May~~June 193, 2014 Note as of ~~March~~June 3130, 2015 was $356,~~654~~250, net of debt discounts of $~~24,346~~0 and December 31, 2014 was $223,~~339~~613, net of debt discounts of $372,~~661~~637.

~~June 3~~August 13, 2014 Note

On ~~June~~ 3August 13, 2014 the Company ~~entered~~borrowed ~~into~~$33,000 pursuant to a ~~$6,250~~discounted unsecured convertible note ~~for~~amount aof $546,~~000~~500 ~~cash~~when ~~loan~~the ~~plus~~note matures. The $113,~~250~~500 indiscount ~~documentation fees~~will ~~the~~be ~~Company recorded as~~ an administrative expense. once the note matures. The note bears interest at 0% per annum, ~~and~~ has a maturity date of ~~June 3~~February 13, 2015. ~~The~~and ~~note~~has ~~agreement contains~~ a ~~change in the interest rate to 10~~12% default interest rate should the note go into default. The note agreement required 3, ~~interest~~000,000,000 ~~accruing~~shares ~~from~~of ~~the~~Company’s ~~June~~common 3stock to be reserved, but was canceled on September 23, 2014. On ~~Note~~February ~~date~~14, 2015 the Company defaulted on the note and the note interest per annum increased to 12%. The balance of the ~~June~~August 313, 2014 Note as of ~~March~~June 3130, 2015 was $443,~~932~~870, net of debt discounts of $12,~~318~~630 and December 31, 2014 was $325,~~613~~109, net of debt discounts of $27,~~637~~891.

~~August 13~~September 10, 2014 Note

On ~~August~~ 13September 10, 2014 the Company ~~borrowed~~entered into a $3329,000 ~~pursuant to a discounted~~ unsecured convertible note ~~amount~~for of $4625,~~500~~000 ~~when~~cash borrowed during the ~~note matures.~~six ~~The~~months ended June 30, 2012 plus $134,~~500~~000 ~~discount~~in ~~will~~loan befees anthe ~~administrative~~Company ~~expense~~recorded ~~once~~as ~~the~~an ~~note~~administrative ~~matures~~expense. The note bears interest at 08% per annum, and has a maturity date of ~~February~~September 1310, 2015 ~~and has a 12% default interest rate should the note go into default~~. The note agreement ~~required~~ ~~3,000,000,000~~contains ~~shares~~a ofchange ~~Company’s~~in ~~common~~the ~~stock~~interest rate to be20% ~~reserved,~~default ~~but~~interest ~~was~~rate ~~cancelled~~should ~~on September 23, 2014. On February 14, 2015~~ the ~~Company defaulted on the~~ note ~~and~~go ~~the~~into ~~note interest per annum increased to 12%~~default. The balance of the ~~August~~September 1310, 2014 Note as of ~~March~~June 3130, 2015 ~~was $41,239, net of debt discounts of $5,261~~ and December 31, 2014 was $2529,~~109~~000, net of debt discounts of $~~7,891~~0.

F-1210

~~September 10,~~QuickLink ~~2014~~to ~~Note~~Table of Contents

~~On September~~January ~~10, 2014 the Company entered into a $29,000 unsecured convertible note for $25,000 cash borrowed during the six months ended June~~ 30, ~~2012 plus $4,000 in loan fees the Company recorded as an administrative expense. The note bears interest at 8% per annum and has a maturity date of September 10,~~ 2015. ~~The note agreement contains a change in the interest rate to 20% default interest rate should the note go into default. The balance of the September 10, 2014~~ Note ~~as of March 31, 2015 and December 31, 2014 was $29,000, net of debt discounts of $0.~~

On January 30, 2015 the Company borrowed $4,200 pursuant to a discounted unsecured convertible note amount of $5,040. The Company recorded the $840 discount as an administrative expense. The note bears interest at 8% per annum and has a maturity date of January 30, 2016. The note agreement contains a change in the interest rate to 20% default interest rate or the highest allowed by law should the note go into default and requires the Company to reserve 100,000,000 shares of the Company’s common stock. The balance of the January 30, 2015 Note as of June 30, 2015 was $2,085, net of debt discounts of $2,955.

~~On January~~Note ~~30, 2015 the Company borrowed $4,200 pursuant to a discounted unsecured convertible note amount of $~~5~~,040.~~ ~~The~~- ~~Company recorded~~Derivative the $840 discount as an administrative expense. The note bears interest at 8% per annum and has a maturity date of January 30, 2016. The note agreement contains a change in the interest rate to 20% default interest rate or the highest allowed by law should the note go into default and requires the Company to reserve 100,000,000 shares of the Company’s common stock. The balance of the January 30, 2015 Note as of March 31, 2015 was $828, net of debt discounts of $4,212.Liability

~~Note 5~~The -Company’s ~~Derivative~~derivative ~~Liability~~liability consists of the embedded conversion feature of its convertible notes payable. As the notes payable have conversion rates that prevent calculating the number of shares into which they can convert, the conversion feature has been separated from the underlying notes and valued as a derivative liability.

~~The Company’s~~Prior ~~derivative~~to ~~liability~~2014, ~~consists~~it ofwas believed that previous management could cause the ~~embedded~~counterparties to overlook this conversion feature, ofand ~~its~~settle ~~convertible~~for the value of the notes ~~payable~~themselves. AsSo they estimated the ~~notes payable~~fair ~~have~~value ~~conversion~~of ~~rates~~the ~~that~~derivative ~~prevent~~liability ~~calculating~~was zero. In 2014, new management reassessed the ~~number~~nature of ~~shares~~the ~~into~~notes ~~which~~payable ~~they~~and ~~can~~determined ~~convert,~~that a possibility exists that the conversion feature ~~has~~ ~~been~~could ~~separated~~be ~~from~~utilized ~~the~~by ~~underlying~~holders ~~notes~~of ~~and~~the ~~valued~~notes. asAs a result, the Company estimated the fair value of the derivative liability as of June 30, 2015 was $2,668,509 and December 31, 2014 was $2,250,243.

~~Prior to~~Following ~~2014,~~is it was believed that previous management could cause the counterparties to overlook this conversion feature, and settle for the value of the notes themselves. So they estimated the fair value of the derivative liability was zero. In 2014, new management reassessed the nature of the notes payable and determined that a ~~possibility~~table ~~exists~~showing ~~that~~activity ~~the~~in ~~conversion feature could be utilized by holders of~~ the ~~notes. As a result, the Company estimated the fair value of the~~ derivative liability ~~as of March 31, 2015 was $2,482,896 and December 31, 2014 was $2,250,243~~account.

Following is a table showing activity in the derivative liability account.


Balance January 1, 2014	$	-
Additions		-
Deletions		-
Change in derivative liability		2,250,243
Balance December 31, 2014		2,250,243
Additions		5,040
Deletions		-
Change in derivative liability		413,226
Balance June 30, 2015	$	2,668,509

Balance January 1, 2014	$	-
Additions		-
Deletions		-
Change in derivative liability		2,250,243
Balance December 31, 2014		2,250,243
Additions		5,040
Deletions		-
Change in derivative liability		227,613
Balance December 31, 2015	$	2,482,896

The derivative liability was valued using the Black Scholes option valuation model with the following inputs.


Expected life in years	1.00
Stock price volatility	143.0%
Discount rate	0.185%
Expected dividends	None

Expected life in years	0.75
Stock price volatility	159.0	%
Discount rate	0.20	%
Expected dividends	None

Note 6 - Notes Payable - Related Party

~~F-13~~Unsecured related party notes payable balance net of discounts as of June 30, 2015 was $177,061, net of debt discounts of $0 and December 31, 2014 was $155,645, net of debt discounts of $19,355.

~~Note 6~~September -26, ~~Notes~~2013 ~~Payable - Related Party~~Note

~~Unsecured related~~On ~~party~~September ~~notes~~26, ~~payable~~2013 ~~balance~~the ~~net~~Company ofissued ~~discounts~~an unsecured promissory note to Corporate Business Advisors, Inc. for $150,000 as part of ~~March~~a non-cash select assets and liabilities purchase agreement. The note bears no interest and has a maturity date of August 31, 2014. On September 1, 2014 the Company defaulted on the note. On May 18, 2015, ~~was~~the ~~$175~~Company issued a second unsecured promissory note to Corporate Business Advisors,~~500~~ Inc. in regard to the defaulted September 26, ~~net~~2013 Note which increased the note interest to 18% on all unpaid principal balances since the original note's balance was created and continues until the note principal balance is paid in full. The balance of ~~debt~~the ~~discounts~~September 26, 2013 Note as of $0June 30, 2015 and December 31, 2014 was $~~155~~150,~~645~~000, net of debt discounts of $~~19,355~~0.

~~September 26~~December 17, ~~2013~~2014 Note

On ~~September~~ 26December 17, ~~2013~~2014 the Company ~~issued~~entered aninto a $25,000 unsecured ~~promissory~~convertible note towith Corporate Business Advisors, Inc. for $~~150~~24,~~000~~500 asin ~~part~~total ~~of a non-~~cash ~~select~~loans ~~assets~~to ~~and liabilities purchase agreement. The note bears no interest and has a maturity~~ date ofplus ~~August~~$500 ~~31, 2014.~~in Ondocumentation ~~September~~fees ~~1, 2014~~ the Company ~~defaulted~~recorded onas ~~the~~an ~~note~~administrative expense. The ~~balance~~note ~~of the September 26, 2013 Note as of March 31, 2015 and December 31, 2014 was $150,000, net of debt discounts of $0.~~

~~December 17, 2014 Note~~F-11

~~On December~~QuickLink ~~17, 2014 the Company entered into a $25,000 unsecured convertible note with Corporate Business Advisors, Inc. for $24,500 in total cash loans~~ to ~~date~~Table ~~plus $500 in documentation fees the Company recorded as an administrative expense. The note bears interest at 18% per annum, has a maturity date~~ of February 17, 2015, and has a 24% default compound interest rate should the note remain in default after a five day grace period. On February 22, 2015 the Company remained defaulted on the note and the note interest increased to 24% compound interest. During the three months ended March 31, 2015, $500 accrued interest was added to the note’s principal balance. The balance of the December 17, 2014 Note as of March 31, 2015 was $25,500 including added accrued interest to date of $500, net of debt discounts of $0 and December 31, 2014 was $5,645, net of debt discounts of $19,355.Contents

bears interest at 18% per annum, has a maturity date of February 17, 2015, and has a 24% default compound interest rate should the note remain in default after a five day grace period. On February 22, 2015 the Company remained defaulted on the note and the note interest increased to 24% compound interest. During the six months ended June 30, 2015, $2,061 accrued interest was added to the note’s principal balance. The balance of the December 17, 2014 Note 7 -as ~~Derivative~~of ~~Liability~~June –30, ~~Related~~2015 ~~Party~~was $27,061 including added accrued interest to date of $2,061, net of debt discounts of $0 and December 31, 2014 was $5,645, net of debt discounts of $19,355.

~~The Company’s~~Note ~~derivative~~7 ~~liability~~- –Derivative ~~related~~Liability party consists of the embedded conversion feature of its convertible notes payable to a related party. As the notes payable to a related party have conversion rates that prevent calculating the number of shares into which they can convert, the conversion feature has been separated from the underlying notes and valued as a derivative liability – ~~related~~Related party. During the year ended 2014, the Company entered into one convertible note payable to a related party. The estimated fair value of derivative liability – related party as of March 31, 2015 was $35,499 and December 31, 2014 was $33,987.Party

~~Following is~~The Company’s derivative liability – related party consists of the embedded conversion feature of its convertible notes payable to a ~~table~~related ~~showing~~party. ~~activity~~As inthe notes payable to a related party have conversion rates that prevent calculating the number of shares into which they can convert, the conversion feature has been separated from the underlying notes and valued as a derivative liability – related party. During ~~account~~the year ended 2014, the Company entered into one convertible note payable to a related party. The estimated fair value of derivative liability – related party as of June 30, 2015 was $37,039 and December 31, 2014 was $33,987.

Balance January 1, 2014	$	-
Additions		-
Deletions		-
Change in derivative liability – related party		33,987
Balance December 31, 2014		33,987
Additions		-
Deletions		-
Change in derivative liability – related party		1,512
Balance December 31, 2015	$	35,499

Following is a table showing activity in the derivative liability – related party account.

The derivative liability – related party was valued using the Black Scholes option valuation model with the following inputs.


Balance January 1, 2014	$	-
Additions		-
Deletions		-
Change in derivative liability		33,987
Balance December 31, 2014		33,987
Additions		-
Deletions		-
Change in derivative liability		3,052
Balance June 30, 2015	$	37,039

Expected life in years	0.75
Stock price volatility	159.0	%
Discount rate	0.20	%
Expected dividends	None

The derivative liability – related party was valued using the Black Scholes option valuation model with the following inputs.

Note 8 – Capital Lease


Expected life in years	1.00
Stock price volatility	143.0%
Discount rate	0.185%
Expected dividends	None

~~On September~~Note 1,8 – Capital 2014, the Company entered into a lease to own lease agreement for an office and warehouse’s 16,838 square foot portion of the property’s total 55,785 square foot space. The lease is considered a capital lease, therefore the building asset and an offsetting note payable has been recorded on the Company’s books. Lease payments are $7,000 per month with $5,000 per month being applied to the $1,385,000 purchase price. The balance of the capital lease as of March 31, 2015 was $1,316,587 and December 31, 2014 was $1,292,571.

~~F-14~~On September 1, 2014, the Company entered into a lease to own lease agreement for an office and warehouse’s 16,838 square foot portion of the property’s total 55,785 square foot space. The lease is considered a capital lease, therefore the building asset and an offsetting note payable has been recorded on the Company’s books. Lease payments are $7,000 per month with $5,000 per month being applied to the $1,385,000 purchase price. On January 5, 2016, the Company entered into an unsecured promissory note for the unpaid rents and utilities for $109,500. The promissory note carries 0% interest and is due on January 5, 2017. On February 9, 2016, the Company entered into a new lease to own lease agreement for the same property to extend the term dates beyond the original agreement including extensions and to add an additional $100,000 due at closing as a hold over fee. In addition, the unpaid rents and utilities promissory note was accelerated to be due on June 30, 2016. These agreements that were entered into subsequent to the balance sheet date required retroactive reporting as of the balance sheet date. The balance of the February 9, 2016 capital lease agreement as of June 30, 2015 was $1,246,428. The balance of the September 1, 2014 capital lease agreement as of December 31, 2014 was $1,292,571.

Note 9 – ~~Capital Stock~~ Equity

During the ~~three~~six months ended ~~March~~June 3130, 2015, no shares of Capital Stock were issued.

~~Stock Options/Stock~~F-~~Based Compensation and Warrants~~12

~~Changes in~~QuickLink ~~stock~~to ~~options~~Table ~~for the three months ended March 31, 2015 consisted~~ of ~~the following:~~Contents

	Number of shares			Weighted Average Exercise Price		Remaining Contractual Term (in years)		Intrinsic Value
Beginning balance January 1, 2015		500,000		$	0.45		0.04
Granted		-		$	-		-
Exercised		-		$	-		-
Forfeited/expired		(500,000	)	$	-		-
Outstanding at March 31, 2015		-		$	-		-
Exercisable		-		$	-		-	$	-
Weighted average fair value of options granted during three months ended March 31, 2015				$	-

Stock Options/Stock-Based Compensation and Warrants

~~The~~Changes ~~following table~~in ~~summarizes~~stock ~~information~~options ~~about~~for ~~stock~~the ~~options~~six ~~outstanding~~months atended ~~March~~June 3130, 2015 consisted of the following:

Options Outstanding Options Exercisable Range of Exercise Prices Number Outstanding Weighted Average Remaining Contractual Life (in years) Weighted Average Exercise Price Number Exercisable Weighted Average Exercise Price (None) - - $ - - $ -


	Number of shares		Weighted Average Exercise Price	Remaining Contractual Term (in years)		Intrinsic Value
Beginning balance January 1, 2015	500,000	$	0.45	0.04
Granted	-	$	-
Exercised	-	$	-
Forfeited/expired	(500,000)	$	0.45
Outstanding at June 30, 2015	-	$	-	-	$	-
Exercisable	-	$	-	-	$	-
Weighted average fair value of options granted during six months ended June 30, 2015		$	-

Note 10 – Subsequent Events

The Company has evaluated subsequent events pursuant to ASC Topic 855 from the balance sheet date through the date of this filing and determined that ~~there~~the ~~are~~following nosubsequent events tohave ~~disclose~~occurred.

~~F-15~~On January 5, 2016, the Company entered into an unsecured promissory note for the unpaid rents and utilities for $109,500. The promissory note carries 0% interest and is due on January 5, 2017. On February 9, 2016, the Company entered into a new lease to own lease agreement for the same property to extend the term dates beyond the original agreement including extensions and to add an additional $100,000 due at closing as a hold over fee. In addition, the unpaid rents and utilities promissory note was accelerated to be due on June 30, 2016.

~~Item 2.~~Subsequent ~~Management’s~~New ~~Discussion and Analysis of Financial Condition and Results of Operations~~ Debt

~~Overview~~ April 20, 2016 Note 1

~~The Company~~On ~~has~~April a20, ~~long~~2016 ~~history in~~ the ~~fast~~Company ~~growing~~borrowed ~~industry~~$20,000 ofpursuant ~~waste recycling and specifically related~~ to ~~waste-to-energy,~~a ~~upon~~discounted ~~which the~~secured ~~Company~~convertible ~~is building~~note. The ~~Garb~~note isbears ~~organized~~interest toat ~~utilize~~12% ~~both~~per ~~next-generation~~annum ~~machines~~ and ~~new~~has ~~technologies~~a tomaturity ~~vertically~~date ~~integrate into~~of ~~the~~April ~~waste refinement~~20, ~~recycling and energy industries~~2017. The ~~company~~note ~~emphasis~~agreement iscontains ina ~~profitable~~change ~~new~~in ~~and~~the ~~“green” solutions~~interest ~~for~~rate ~~waste-~~to~~-energy,~~ ~~alternate~~24% ~~energy~~default ~~sources,~~interest ~~gas~~rate ~~drilling,~~should ~~fuel~~the ~~enhancements,~~note ~~improving~~go ~~energy~~into ~~usage~~default ~~efficiency~~ and ~~utilizing~~ ~~recycled~~requires ~~material~~the ~~in producing both useful and desirable products manufactured in its own plants. The~~ Company~~’s use~~ ~~of its first industrial manufacturing property and equipment will be~~ to ~~manufacture~~reserve ~~wood pellets to be used as an alternate power fuel and for farm and agricultural applications. In addition~~500,000,000 ~~this~~shares ~~manufacturing facility will utilize power saving technology including the use~~ of ~~recycled materials as fuel that will result in lower operating costs. Also, excess electricity will be generated that may be sold back to~~ the ~~power~~Company’s ~~company,~~common ~~thereby generating an additional source of revenue~~stock.

~~Garb Oil~~April ~~& Power Corporation (the “Company” or “Garb”) was incorporated in the State of Utah in 1972 under the name Autumn Day~~20, ~~Inc.~~2016 ~~The~~Note Company changed its name to Energy Corporation International in 1978 and to Garb-Oil Corporation of America in 1981, which marked the start of the Company’s development state in the energy and recycling industries. The Company changed its name to Garb Oil & Power Corporation in 1985 and then to Garb Corporation in May 2013. In February 2014, the Company changed its name back to Garb Oil & Power Corporation. The Company’s activities have consisted of raising capital and developing technology related to waste-to-energy electricity production, pyrolysis (extraction of oil, carbon, and steel from used tires), and recovery of used rubber from large off-the-road tires, repair and sale of used truck tires, sale of new truck tires and sale of industrial shredders.2

On ~~January~~ ~~24,~~April ~~2014~~20, 2016 the Company ~~signed~~borrowed a$20,000 ~~letter~~pursuant ofto ~~intent (the “LOI”) and~~ a ~~collaborative~~discounted ~~effort~~secured ~~agreement~~convertible ~~(the “CE Agreement”) with Shredderhotline~~note.~~com~~ The ~~Company~~note ~~(“Shredderhotline”)~~bears ~~and~~interest ~~Dan~~at ~~Scott~~12% ~~Burda,~~per ~~Shredderhotline’s President/Owner.~~annum ~~In general, the CE Agreement provides that the two ranking executive officers of both companies will collaborate on future sales~~ and ~~operations~~has ~~within~~ a ~~newly~~maturity ~~formed~~date ~~wholly owned subsidiary~~ of ~~the~~April ~~Company~~20, ~~Garb Global Services, Inc~~2017. The ~~(“Garb Global”).~~note Onagreement ~~November~~contains ~~18,~~a ~~2014,~~change in the ~~Company~~interest ~~and~~rate ~~Shredderhotline~~to ~~mutually~~24% ~~determined~~default ~~that~~interest ~~their~~rate ~~business~~should ~~interests had diverged and~~ the ~~Company~~note ~~and~~go ~~Shredderhotline~~into ~~released~~default ~~one another from their rights~~ and ~~obligations under~~requires the ~~LOI~~Company ~~and~~to CEreserve ~~Agreement both dated January 24~~500,000,000 ~~2014.~~shares ~~Garb Global continues as an operating subsidiary~~ of the Company’s common stock.

~~Our Industry~~ F-13

~~The industry~~QuickLink in which Garb is operating is still in its maturing stages. Technological developments, the economic climate and the growing global awareness of waste as a possible raw material resource, have changed the recycling industry, placing demands on the industry for new products and for new solutions. Garb is dedicated to ~~creating~~Table ~~products that increases energy efficiency and reduces the carbon footprint while helping to preserve the environment. With its knowledge~~ of solutions, its comprehensive product portfolio, its experience and, above all, with personnel and advisors who understand the industry, Garb will provide superior products and services into profitable solutions that will provide the Company with a competitive advantage in the market and do our part in making the world a greener place while passing cost savings on tour customers.Contents

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

~~Tires and~~Overview Commercial Waste Shredders: Garb’s past has been resurrected by current management, new truck tires and commercial waste shredders. In addition, Garb is currently in the development stage to enter into the retread truck tire production and sales market.

~~Waste-~~The Company has a long history in the fast growing industry of waste recycling and specifically related to waste-~~Energy: Waste-~~to-energy, upon which the Company is ~~considered~~building. aGarb ~~renewable~~is ~~resource~~organized ~~since~~to ~~its~~utilize ~~fuel~~both ~~source,~~next-generation ~~garbage~~machines and ~~other~~new ~~materials~~technologies ~~that~~to ~~have~~vertically ~~been~~integrate ~~destined to~~into ~~landfills~~the waste refinement, recycling and energy industries. The company emphasis is ~~sustainable~~in profitable new and ~~non~~“green” solutions for waste-~~depletable~~to-energy, alternate energy sources, gas drilling, fuel enhancements, improving energy usage efficiency and utilizing recycled material in producing both useful and desirable products manufactured in its own plants. The ~~According~~Company’s use of its first industrial manufacturing property and equipment will be to ~~the~~manufacture Uwood pellets to be used as an alternate power fuel and for farm and agricultural applications.S. In ~~Environmental~~addition, ~~Protection~~this ~~Agency~~manufacturing facility will utilize power saving technology including the use of recycled materials as fuel that will result in lower operating costs. Also, ~~waste-~~excess electricity will be generated that may be sold back to~~-energy~~ isthe apower ~~“clean~~company, ~~reliable,~~ ~~renewable~~thereby generating an additional source of ~~energy~~revenue.”

InGarb ~~2012~~Oil & Power Corporation (the “Company” or “Garb”) was incorporated in the State of Utah in 1972 under the name Autumn Day, ~~Americans~~ ~~generated~~Inc. The ~~about~~Company ~~251~~changed ~~million~~its ~~tons~~name to Energy Corporation International in 1978 and to Garb-Oil Corporation of ~~trash~~America in 1981, which marked the start of the Company’s development state in the energy and ~~recycled~~recycling industries. The Company changed its name to Garb Oil & Power Corporation in 1985 and ~~composted~~then ~~almost~~to 87Garb ~~million~~Corporation ~~tons~~in ofMay ~~this~~2013. ~~material~~In February 2014, ~~equivalent~~ the Company changed its name back to aGarb 34Oil & Power Corporation.5 The ~~percent~~Company’s ~~recycling~~activities ~~rate~~have consisted of raising capital and developing technology related to waste-to-energy electricity production, pyrolysis (extraction of oil, carbon, and steel from used tires), and recovery of used rubber from large off-the-road tires, repair and sale of used truck tires, sale of new truck tires and sale of industrial shredders.

4On January 24, 2014, the Company signed a letter of intent (the “LOI”) and a collaborative effort agreement (the “CE Agreement”) with Shredderhotline.com Company (“Shredderhotline”) and Dan Scott Burda, Shredderhotline’s President/Owner. In general, the CE Agreement provides that the two ranking executive officers of both companies will collaborate on future sales and operations within a newly formed wholly owned subsidiary of the Company, Garb Global Services, Inc. (“Garb Global”). On November 18, 2014, the Company and Shredderhotline mutually determined that their business interests had diverged and the Company and Shredderhotline released one another from their rights and obligations under the LOI and CE Agreement both dated January 24, 2014. Garb Global continues as an operating subsidiary of the Company.

~~Opportunities abound~~Our inIndustry ~~the recycling industry to produce power and Garb is developing this area.~~

~~Biomass and~~The ~~Alternate~~industry ~~Fuels:~~in ~~The~~which ~~United~~Garb ~~States~~is ~~has~~operating ~~been~~is ~~moving~~still ~~towards~~in ~~greater~~its ~~energy~~maturing ~~independence~~stages. Technological developments, the economic climate and the ~~increase~~growing global awareness of ~~clean~~waste ~~renewable fuels~~as a possible raw material resource, have changed the recycling industry, placing demands on the industry for new products and for new solutions. ~~Biofuel~~Garb is ~~simple~~dedicated to ~~use~~creating products that increases energy efficiency and reduces the carbon footprint while helping to preserve the environment. With its knowledge of solutions, ~~biodegradable~~its comprehensive product portfolio, ~~nontoxic~~its experience and, above all, with personnel and ~~essentially~~advisors ~~free~~who ofunderstand ~~sulfur~~the industry, Garb will provide superior products and ~~aromatics.~~services ~~Alternate~~into ~~energy~~profitable ~~sources can~~solutions ~~produce~~that ~~more~~will ~~net~~provide ~~energy~~the ~~for~~Company ~~less~~with ~~money~~a ~~than~~competitive ~~current~~advantage ~~technologies.~~in ~~Garb~~the ismarket ~~currently~~and ~~pursuing~~do ~~multiple~~our ~~avenues~~part in ~~this~~making ~~growing arena~~the world a greener place while passing cost savings on to our customers.

~~Useful products~~Our ~~manufactured~~Markets from recycled materials: Garb is developing the potential for recycled materials to be utilized as raw materials in the production of useful products, alternate fuels, and energy. Products to produce include those made from recovered rubber, wood, and glass to produce retread tires, wood pellets, and medical marijuana paraphernalia, respectively.

~~Patents~~Tires and Commercial Waste Shredders: Garb’s past has been resurrected by current management, ~~Trademarks~~ new truck tires and ~~Proprietary~~commercial ~~Data~~waste shredders. In addition, Garb is currently in the development stage to enter into the retread truck tire production and sales market.

~~The Company~~Waste-to-Energy: ~~has~~Waste-to-energy ~~received~~is ~~United~~considered ~~States~~a ~~Patent~~renewable ~~No.~~resource ~~5,299,748~~since onits ~~the~~fuel ~~OTR~~source, ~~Tire~~garbage ~~Disintegrator~~and ~~System~~other ~~design~~materials ~~which~~that ~~expired~~have ~~April~~been 5,destined ~~2011, Patent~~to ~~No. 5~~landfills,~~590,838~~ ~~which~~is ~~expired~~sustainable ~~January 7, 2014~~ and ~~patent~~non-depletable. ~~number~~According ~~6,015,105~~to ~~which~~the ~~expires January 18, 2018~~U.S. AnEnvironmental ~~additional~~Protection ~~patent improvement~~Agency, ~~was~~waste-to-energy ~~granted~~is ina ~~Canada on July 6~~“clean, ~~1999 as Canadian Patent No. 2~~reliable,~~178,326~~ ~~which~~renewable ~~expired~~source ~~March~~of ~~23, 2015~~energy.”

~~Management Overview~~In 2013, Americans generated about 254 million tons of trash and recycled and composted about 87 million tons of this material, equivalent to a 34.3 percent recycling rate.

~~The Company~~Opportunities isabound ~~pursuing~~in ~~avenues of generating cash or revenues during~~ the ~~next~~recycling ~~twelve~~industry ~~months.~~to ~~The~~produce ~~Company~~power ~~is pursuing sales of new truck tires~~ and ~~commercial~~Garb ~~waste shredders and~~ is developing ~~waste-to-energy,~~this ~~biomass alternate fuels, and manufacturing operations utilizing recycled materials~~area. The Company continues to pursue financing to build and operate its own manufacturing plants. We believe that our current Company personnel and advisors have the necessary industry expertise and marketing skills to implement our business model.

~~Results~~ Biomass and Alternate Fuels: The United States has been moving towards greater energy independence and the increase of ~~Operations~~clean renewable fuels. Biofuel is simple to use, biodegradable, nontoxic, and essentially free of sulfur and aromatics. Alternate energy sources can produce more net energy for less money than current technologies. Garb is currently pursuing multiple avenues in this growing arena.

~~Comparison of the Three Months Ended March 31, 2015 and March 31, 2014~~4

~~Revenues~~ QuickLink to Table of Contents

~~During the~~Useful ~~three~~products ~~months~~manufactured ~~ended~~from ~~March~~recycled ~~31,~~materials: ~~2015~~Garb is developing the ~~Company~~potential ~~recognized~~for norecycled ~~revenues~~materials ~~from~~to ~~sales.~~be ~~During~~utilized as raw materials in the ~~three~~production ~~months~~of ~~ended~~useful ~~March~~products, 31alternate fuels, ~~2014 the~~and ~~Company~~energy. The ~~recognized~~first ~~$200,000~~product ~~revenues~~being ~~from~~developed ~~sale~~is to include recovered rubber in producing retread tires and as an alternate fuel source in the generation of ~~equipment~~electric power.

~~General~~ Patents, Trademarks and ~~Administrative~~Proprietary ~~Expenses~~Data

~~General and~~The ~~administrative~~Company ~~expenses~~has ~~decreased~~received ~~$152,223~~United toStates ~~$198~~Patent No. 5,~~333~~299,748 ~~for~~on the ~~three~~OTR ~~months~~Tire ~~ended~~Disintegrator ~~March~~System ~~31,~~design ~~2015,~~which ~~from~~expired ~~$350~~April 5,~~556~~ ~~for~~2011, ~~the~~Patent ~~three months~~No. ~~ended~~5,590,838 ~~March~~which 31expired January 7, 2014. ~~The~~and ~~decrease~~patent ~~was~~number ~~related~~6,015,105 towhich ~~commissions~~expires ~~decreasing~~January ~~$110~~18,~~000~~ ~~and~~2018. ~~consulting~~An ~~fees~~additional ~~decreasing~~patent ~~$100,000. The~~improvement ~~decreases~~was ~~were~~granted ~~offset~~in ~~with~~Canada ~~professional~~on ~~fees~~July ~~increasing $47~~6,~~469~~ ~~and~~1999 ~~depreciation~~as ~~expense~~Canadian ~~increasing~~Patent $8No. 2,~~132~~178,326 which expired March 23, 2015.

~~Other Income~~Management ~~(Expense)~~Overview

~~Other income~~The ~~(expense)~~Company ~~decreased~~is bypursuing ~~$306,991~~avenues toof ~~$(415,349)~~generating ~~for~~cash ~~the~~or ~~three~~revenues ~~months~~during ~~ended March 31, 2015, from a loss of $(108,358) for~~ the ~~three~~next ~~months~~twelve ~~ended March 31, 2014~~months. The ~~increase~~Company inis ~~derivative~~pursuing ~~liability~~sales ~~expense~~ of ~~$229,125~~new ~~was~~truck ~~due~~tires toand ~~the~~made ~~change~~ in the ~~fair value~~U.S. ofcommercial ~~the~~waste ~~derivative~~shredders ~~liability~~and ~~after~~is ~~first~~developing ~~recognizing~~waste-to-energy, ~~the~~biomass ~~derivative~~alternate ~~liability at December 31~~fuels, ~~2014.~~and ~~The~~manufacturing ~~increase~~operations inutilizing ~~interest expense~~recycled ofmaterials. The ~~$77,866~~Company ~~was~~continues ~~primarily~~to ~~due~~pursue financing to ~~recognizing~~build ~~certain~~and ~~notes~~operate ~~payables~~its ~~default~~own ~~interest~~manufacturing ~~amounts~~plants. ~~during~~We ~~the~~believe ~~three~~that ~~months~~our ~~ended March~~current ~~31,~~Company ~~2015~~personnel and ~~the~~advisors ~~same~~have ~~certain~~the ~~notes~~necessary ~~payables~~industry ~~did~~expertise ~~not~~and ~~incur~~marketing ~~default~~skills ~~interest~~to ~~amounts~~implement ~~during~~our ~~the~~business ~~three months ended March 31, 2014~~model.

5Results of Operations

~~Net Loss~~Comparison of the three months ended June 30, 2015 and June 30, 2014

~~Net loss~~Revenues was $613,682 and $348,914 for the three months ended March 31, 2015 and March 31, 2014, respectively. Net loss was due to a lack of consistent revenues. While the Company has substantially decreased general and administrative expenses, we expect to continue to incur losses until such time as we can begin to generate consistent revenue from operations.

~~Liquidity~~ During the three months ended June 30, 2015 and ~~Capital~~June ~~Resources~~30, 2014, the Company recognized no revenues from sales.

~~Liquidity is~~General the ability of an enterprise to generate adequate amounts of cash to meet its needs for cash requirements. The Company is not generating significant revenues. Operating expenses for the Company have been paid in part from short-term unsecured notes and ~~the~~ ~~issuance~~Administrative ~~of Company stock. The Company also has a stockholders’ deficit of $7,511,735 at March 31, 2015.~~Expenses

~~The Company~~General ~~has~~and ~~incurred~~administrative ~~indebtedness~~expenses indecreased ~~order~~$55,381 to ~~finance~~$133,171 ~~its~~for ~~operations.~~the Asthree ofmonths ~~March~~ended 31June 30, 2015, ~~the~~from ~~Company’s total liabilities were~~ $8188,~~761,427,~~552 ~~with~~for athe ~~working~~three ~~capital~~months ~~deficit~~ended ofJune $830,~~761,405~~ 2014. ~~See~~The ~~Note~~decrease 4was –related ~~Notes~~to ~~Payable,~~professional ~~Note~~fees 5decreasing ~~- Derivative Liability~~$66, ~~Note~~186. The 6decreases –were ~~Notes~~offset ~~Payable~~with ~~–Related~~rent ~~Party,~~increasing ~~Note 7 – Derivative Liability –Related Party~~$6,000 and ~~Note~~depreciation 8expense ~~– Capital~~increasing ~~Lease of the Company’s financial statements appearing elsewhere in this quarterly report on Form 10-Q~~$7,796.

~~Net cash~~Other ~~provided~~Income by (~~used in~~Expense) ~~operating activities was $(5,214) and $76,199 for the three months ended March 31, 2015 and March 31, 2014, respectively. Cash was primarily used to fund our net losses from operations.~~

~~Net cash~~Other ~~provided~~income (expense) decreased by ~~(used~~$862,865 into $(900,728) ~~investing~~for ~~activities~~the ~~was~~three months ended June 30, 2015, from a loss of $0(37,863) for the three months ended ~~March~~June 30, 2014. The increase in subscription receivable write-off of $403,815 was based on writing off aged balances. The increase in derivative liability expense of $187,153 was due to the change in the fair value of the derivative liability after first recognizing the derivative liability at December 31, 2014. The increase in interest expense of $271,897 was primarily due to recognizing certain notes payables default interest amounts during the three months ended June 30, 2015 and ~~March~~the 31same certain notes payables did not incur default interest amounts during the three months ended June 30, 2014.

Net ~~cash~~ provided by financing activities was $5,040 and $54,868 for the three months ended March 31, 2015 and March 31, 2014, respectively. During the three months ended March 31, 2015, we received cash of $5,040 from the issuance of a note payable, of which $0 cash was used as repayment of financing activities.Loss

~~Going Concern~~Net loss was $1,033,898 and $226,415 for the three months ended June 30, 2015 and June 30, 2014, respectively. Net loss was due to a lack of consistent revenues. While the Company has substantially decreased general and administrative expenses, we expect to continue to incur losses until such time as we can begin to generate consistent revenue from operations.

~~The financial~~Comparison statements accompanying this report have been prepared on a going concern basis, which implies that our Company will continue to realize its assets and discharge its liabilities and commitments in the normal course of ~~business. Our Company has not generated sufficient revenues in~~ the ~~last~~six ~~two~~months ~~years~~ended toJune ~~cover all operating and overhead costs~~30, ~~and~~2015 ~~has never paid any dividends~~ and isJune ~~unlikely to pay dividends in the immediate or foreseeable future. The continuation of our Company as a going concern is dependent upon the continued financial support from our shareholders~~30, the ability of our Company to obtain necessary equity financing to achieve our operating objectives, and the attainment of profitable operations. As of March 31, 2015, our Company has accumulated losses of $20,013,826. We do not have sufficient working capital to enable us to carry out our stated plan of operation for the next twelve months.2014

~~Due to~~Revenues the uncertainty of our ability to meet our current operating expenses and the capital expenses noted above in their report on the financial statements for the year ended December 31, 2014, the Company’s independent auditors have included an explanatory paragraph regarding concerns about our ability to continue as a going concern. The continuation of our business is dependent upon our ability to raise additional financial support. The issuance of additional equity securities by the Company could result in a significant dilution in the equity interests of our current shareholders. Obtaining commercial loans, assuming those loans would be available, will increase our liabilities and future cash commitments.

~~Item 3~~During the six months ended June 30, 2015 the Company recognized no revenues from sales. During ~~Quantitative~~the ~~and~~six ~~Qualitative~~months ~~Disclosures~~ended ~~about~~June ~~Market~~30, ~~Risk~~2014 the Company recognized $200,000 revenues from sale of equipment.

~~Not applicable~~General and Administrative Expenses

~~Item 4.~~QuickLink ~~Controls~~to ~~and~~Table ~~Procedures~~of Contents

~~Under the~~General ~~supervision~~ and ~~with~~administrative ~~the~~expenses ~~participation~~decreased ~~of our current management~~$207,604 ~~including~~to ~~our Principal Executive Officers and Principal Financial Officer (the “Certifying Officers”)~~$331,504 wefor ~~evaluated~~ the ~~effectiveness~~six ofmonths ~~the~~ended ~~design~~June ~~and~~30, ~~operation~~2015, offrom ~~our~~$539,108 ~~disclosure controls~~for ~~and procedures (as defined in Rules 13a-15(e) under~~ the ~~Securities~~six ~~Exchange~~months ~~Act~~ended ofJune ~~1934 (the “Exchange Act”)) as of March 31~~30, ~~2015~~2014. ~~Based~~The ~~upon~~decrease ~~that~~was ~~evaluation,~~related ~~the~~to ~~Certifying~~commissions ~~Officers~~decreasing ~~concluded that~~$110,000 ~~as of the end of the period covered by this report, our disclosure controls~~ and ~~procedures~~consulting ~~were~~fees ~~not~~decreasing ~~effective~~$100,000.

~~We believe~~Other ~~that~~Income our consolidated financial statements contained in this quarterly report on Form 10-Q fairly present our financial position, results of operations and cash flows for the three months ended March 31, 2015 in all material respects.(Expense)

~~Because of~~Other ~~its~~income ~~inherent~~(expense) ~~limitations~~decreased by $1,169,855 ~~internal~~to ~~control~~$(1,316,077) ~~over~~for ~~financial~~the ~~reporting~~six ~~may~~months ~~not~~ended ~~prevent~~June or30, ~~detect~~2015, ~~misstatements~~from a loss of $(146,222) for the six months ended June 30, 2014.The ~~Therefore~~increase in subscription receivable write-off of $403,815 ~~even those~~was ~~systems~~based ~~determined~~on writing off aged balances. The increase in derivative liability expense of $416,278 was due to bethe ~~effective~~change ~~can~~in ~~provide~~the ~~only~~fair ~~reasonable~~value ~~assurance~~of ~~with~~the ~~respect~~derivative liability after first recognizing the derivative liability at December 31, 2014. The increase in interest expense of $349,762 was primarily due to ~~financial~~recognizing ~~statement~~certain ~~preparation~~ notes payables default interest amounts during the six months ended June 30, 2015 and ~~presentation~~the same certain notes payables did not incur default interest amounts during the six months ended June 30, 2014.

~~Changes in~~Net ~~Internal Control Over Financial Reporting.~~ Loss

~~There have~~Net ~~been~~loss nowas ~~changes~~$1,647,581 inand ~~our~~$575,330 ~~internal~~for ~~control~~the ~~over~~six ~~financial~~months ~~reporting~~ended ~~during~~June ~~the~~30, ~~last~~2015 ~~fiscal~~and ~~quarter~~June ~~covered~~30, by2014, ~~this~~respectively. Net ~~quarterly report~~loss onwas ~~Form~~due ~~10-Q~~to ~~that~~a ~~have~~lack ~~materially~~of ~~affected~~consistent revenues. While the Company has substantially decreased general and administrative expenses, orwe isexpect ~~reasonably~~to ~~likely~~continue to ~~materially~~incur ~~affect,~~losses ~~our~~until ~~internal~~such ~~control~~time ~~over~~as ~~financial reporting~~we can begin to generate consistent revenue from operations.

~~Other Controls~~Liquidity and ~~Procedures~~Capital ~~Information~~Resources

~~In order~~Liquidity ~~for~~is the ~~Company~~ability of an enterprise to ~~have~~generate ~~effective~~adequate ~~and~~amounts ~~strong~~of ~~internal~~cash ~~controls~~to ~~over~~meet ~~financial~~its ~~reporting,~~needs wefor ~~believe~~cash ~~the~~requirements. The Company ~~needs~~is ~~to be~~not ~~able~~generating tosignificant ~~financially~~revenues. Operating ~~support~~expenses ~~bringing~~for ~~in-house~~ the ~~accounting~~Company ~~and~~have ~~financial~~been ~~reporting~~paid ~~functions.~~in ~~Management~~part ~~will~~from ~~be bringing in~~short-~~house~~term ~~the~~unsecured ~~accounting~~notes and ~~financial~~the ~~reporting~~issuance ~~functions~~of ~~once~~Company westock. ~~have~~The ~~consistent~~Company ~~revenues~~also tohas ~~justify~~a ~~adding~~stockholders’ ~~additional~~deficit ~~employees. This~~of ~~will~~$34,771,252 ~~include~~at ~~the~~June ~~Company~~30, ~~obtaining a full time Chief Financial Officer~~2015.

The Company has incurred indebtedness in order to finance its operations. As of June 30, 2015, the Company’s total liabilities were $9,299,535, with a working capital deficit of $9,299,278. See Note 4 – Notes Payable, Note 5 - Derivative Liability, Note 6 – Notes Payable –Related Party, Note 7 – Derivative Liability –Related Party, and Note 8 – Capital Lease of the Company’s financial statements appearing elsewhere in this quarterly report on Form 10-Q.

~~PART II~~Net –cash ~~Other~~used ~~Information~~in operating activities was $(4,979) and $(56,722) for the six months ended June 30, 2015 and June 30, 2014, respectively. Cash was primarily used to fund our net losses from operations.

~~Item 1.~~Net ~~Legal~~cash ~~Proceedings~~from investing activities was $0 for the six months ended June 30, 2015 and June 30, 2014.

~~We are~~Net ~~not~~cash aprovided ~~party~~by tofinancing ~~any~~activities ~~material~~was ~~litigation~~$5,040 ~~nor~~and to$56,722 for the ~~knowledge~~six months ended June 30, 2015 and June 30, 2014, respectively. During the six months ended June 30, 2015, we received cash of ~~management~~$5,040 isfrom ~~any~~the ~~litigation~~issuance ~~threatened~~of ~~against~~a usnote ~~that~~payable, ~~may materially~~of ~~affect~~which us$0 cash was used as repayment of financing activities.

~~Item 1A.~~Going ~~Risk Factors~~ Concern

~~Not required~~The financial statements accompanying this report have been prepared on a going concern basis, which implies that our Company will continue to realize its assets and discharge its liabilities and commitments in the normal course of business. Our Company has not generated sufficient revenues in the last two years to cover all operating and overhead costs, and has never paid any dividends and is unlikely to pay dividends in the immediate or foreseeable future. The continuation of our Company as a going concern is dependent upon the continued financial support from our shareholders, the ability of our Company to obtain necessary equity financing to achieve our operating objectives, and the attainment of profitable operations. As of June 30, 2015, our Company has accumulated losses of $21,047,725. We do not have sufficient working capital to enable us to carry out our stated plan of operation for ~~smaller~~the ~~reporting~~next ~~companies~~twelve months.

~~Item 2.~~Due ~~Unregistered~~to ~~Sales~~the uncertainty of ~~Equity~~our ~~Securities~~ability to meet our current operating expenses and ~~Use~~the capital expenses noted above in their report on the financial statements for the year ended December 31, 2014, the Company’s independent auditors have included an explanatory paragraph regarding concerns about our ability to continue as a going concern. The continuation of ~~Proceeds~~our business is dependent upon our ability to raise additional financial support. The issuance of additional equity securities by the Company could result in a significant dilution in the equity interests of our current shareholders. Obtaining commercial loans, assuming those loans would be available, will increase our liabilities and future cash commitments.

~~None~~Item 3. Quantitative and Qualitative Disclosures about Market Risk

~~Item 3.~~Not ~~Defaults~~applicable ~~Upon Senior Securities~~

~~None.~~6

~~Item 4.~~QuickLink ~~Mine~~to ~~Safety~~Table ~~Disclosures~~of Contents

~~Not applicable~~Item 4. Controls and Procedures

~~Item 5~~Under the supervision and with the participation of our current management, including our principal executive officer and principal financial officer (the “Certifying Officers”), we evaluated the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Rules 13a-15(e) under the Securities Exchange Act of 1934 (the “Exchange Act”)) as of June 30, 2015. ~~Other~~Based ~~Information~~upon that evaluation, the Certifying Officers concluded that, as of the end of the period covered by this report, our disclosure controls and procedures were not effective.

~~None~~We believe that our consolidated financial statements contained in this quarterly report on Form 10-Q fairly present our financial position, results of operations and cash flows for the six months ended June 30, 2015 in all material respects.

~~Item 6~~Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. ~~Exhibits~~Therefore, even those systems determined to be effective can provide only reasonable assurance with respect to financial statement preparation and presentation.

Exhibit No.	Description	Location
31.1	Rule 13a-14(a)/15d-14(a) Certification of Chief Executive Officer and Principal Financial Officer.	Filed herewith.
31.2	Rule 13a-14(a)/15d-14(a) Certification of Principal Accounting Officer.	Filed herewith.
32.1	Certification of Chief Executive Officer, Principal Financial Officer and Principal Accounting Officer Pursuant to 18 U.S.C. Section 1350 as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.	Filed herewith.

Changes in Internal Control Over Financial Reporting.

101.INS	XBRL Instance Document	Filed herewith.
101.SCH	XBRL Taxonomy Extension Schema Document	Filed herewith.
101.CAL	XBRL Taxonomy Extension Calculation Linkbase Document	Filed herewith.
101.DEF	XBRL Taxonomy Extension Definition Linkbase Document	Filed herewith.
101.LAB	XBRL Taxonomy Extension Label Linkbase Document	Filed herewith.
101.PRE	XBRL Taxonomy Extension Presentation Linkbase Document	Filed herewith.

There has been a change in our internal control over financial reporting during the last fiscal quarter covered by this quarterly report on Form 10-Q that have materially affected, or is reasonably likely to materially affect, our internal control over financial reporting. The Company is utilizing an outside accountant to review monthly expenses to ensure all moneys used are for business expenditures only.

8Other Controls and Procedures Information

~~SIGNATURES~~In order for the Company to have effective and strong internal controls over financial reporting, we believe the Company needs to be able to financially support bringing in-house the accounting and financial reporting functions. Management will be bringing in-house the accounting and financial reporting functions once we have consistent revenues to justify adding additional employees. This will include the Company obtaining a full time Chief Financial Officer.

Pursuant to the requirements of Section 13 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.7

	GARB OIL & POWER CORPORATION
Date: May 14, 2015	By:	/s/ Tammy Taylor
		Tammy Taylor, Chief Executive Officer

QuickLink to Table of Contents

~~Pursuant to~~PART ~~the~~II ~~requirements~~– ofOther ~~the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.~~Information

Signature	Title	Date
/s/ Tammy Taylor	Chief Executive Officer and Director (principal executive officer and principal financial officer)	May 14, 2015
Tammy Taylor
/s/ M. Aimee Coleman	Corporate Secretary (principal accounting officer)	May 14, 2015
M. Aimee Coleman

Item 1. Legal Proceedings

9We are not a party to any material litigation, nor to the knowledge of management, is any litigation threatened against us that may materially affect us.

Item 1A. Risk Factors

Not required for smaller reporting companies.

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


Exhibit No.	Description	Location
31.1	Rule 13a-14(a)/15d-14(a) Certification of Chief Executive Officer and Principal Financial Officer.	Filed herewith.
31.2	Rule 13a-14(a)/15d-14(a) Certification of Principal Accounting Officer.	Filed herewith.
32.1	Certification of Chief Executive Officer, Principal Financial Officer and Principal Accounting Officer Pursuant to 18 U.S.C. Section 1350 as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.	Filed herewith.
101.INS	XBRL Instance Document	Filed herewith.
101.SCH	XBRL Taxonomy Extension Schema Document	Filed herewith.
101.CAL	XBRL Taxonomy Extension Calculation Linkbase Document	Filed herewith.
101.DEF	XBRL Taxonomy Extension Definition Linkbase Document	Filed herewith.
101.LAB	XBRL Taxonomy Extension Label Linkbase Document	Filed herewith.
101.PRE	XBRL Taxonomy Extension Presentation Linkbase Document	Filed herewith.

QuickLink to Table of Contents

SIGNATURES


		GARB OIL & POWER CORPORATION

Date: May 17, 2016	By:	/s/ Tammy Taylor
		Tammy Taylor, Chief Executive Officer

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.


Signature	Title	Date

/s/Tammy Taylor	Chief Executive Officer and Director (principal executive officer and principal financial officer)	May 17, 2016
Tammy Taylor

/s/ M. Aimee Coleman	Corporate Secretary (principal accounting officer)	May 17, 2016
M. Aimee Coleman

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