UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

(Mark One)

FORM 10-Q

~~[X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15~~(d)Mark ~~OF THE SECURITIES EXCHANGE ACT OF 1934~~ One)

~~For~~☒ ~~the~~ANNUAL ~~quarterly~~REPORT ~~period~~PURSUANT ~~ended~~TO ~~June~~SECTION ~~30,~~13 ~~2021.~~OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 30, 2021

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

For the transition period from _____________ to _____________

Commission file number 333-139746

TRANSACT ENERGY CORP.

(Exact name of registrant as specified in its charter)

Nevada

98-0515445

(State or other jurisdiction of

incorporation or organization)

(I.R.S. Employer Identification No.)

1225 E Sunset Dr, STE 145 –- 367 Bellingham, WA 98226 United States (Address of principal executive offices) (Zip Code) Registrant’s telephone number, including area code +1 360 510 0752 (Former name, former address and former fiscal year, if changed since last report)

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

~~Indicate~~Registrant’s bytelephone ~~check mark whether the registrant has submitted electronically and posted on its corporate Web site~~number, ifincluding ~~any,~~area ~~every~~code ~~Interactive~~+1 ~~Data~~360 ~~File~~510 required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). [X] Yes [ ] No0752

_______________________________________________________

(Former name, former address and former fiscal year, if changed since last report)

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

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

~~[ ]~~ Large accelerated filer [☐ ] Accelerated filer☐ ~~[ ]~~ Non-accelerated filer ~~[X]~~☒ Smaller reporting company ~~(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 Exchange Act). ☐ [Yes ]☒ ~~Yes [X]~~ No

APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY

PROCEEDINGS DURING THE PRECEDING FIVE YEARS:

Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Sections 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court. ☐ ~~[ ]~~ Yes [ ]☐ No

APPLICABLE ONLY TO CORPORATE ISSUERS:

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of ~~June~~September 30, 2021: 61,630,907 common shares issued and outstanding. 0 preferred shares.

61,630,907 common shares issued and outstanding. 0 preferred shares.

TABLE OF CONTENTS

	Page

PART I - FINANCIAL INFORMATION	4
ITEM 1. FINANCIAL STATEMENTS	4
ITEM 2. PLAN OF OPERATIONS	20
ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.	25
ITEM 4T. CONTROLS AND PROCEDURES.	25
PART II - OTHER INFORMATION	26
ITEM 1. LEGAL PROCEEDINGS.	26
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.	26
ITEM 3. DEFAULTS UPON SENIOR SECURITIES.	26
ITEM 4. REMOVED AND RESERVED	26
ITEM 5. OTHER INFORMATION.	26
ITEM 6. EXHIBITS AND REPORTS ON FORM 8 K.	26
SIGNATURES	27

PART I - FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

The accompanying financial statements have been prepared by the Company without audit. In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations and cash flows aton ~~June~~September 30, 2021 and 2020 and for the periods then ended have been made. 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. It is suggested that these condensed financial statements be read in conjunction with the financial statements and notes thereto included in the Company’s December 31, 2020 management prepared financial statements. The results of operations for the periods ended ~~June~~September 30, 2021 and 2020 are not necessarily indicative of the operating results for the full year.

FINANCIAL STATEMENTS

TRANSACT ENERGY CORP.

[(A Development Stage Company])

(Unaudited - Prepared by Management)

CONTENTS

	PAGE
Interim Balance Sheets	45
Interim Statements of Operations	56
Interim Statements of Cash Flows	67
Notes to Interim Financial Statements	79 - 19

TRANSACT ENERGY CORP.

(A Development Stage Company)

INTERIM BALANCE SHEET

(Unaudited - Prepared by Management)

		June 30		December 31
	September 30, 2021			December 31, 2020		Year over Year
		2021		2020
ASSETS
ASSETS
Current
Current
Cash	$	7,147		$	1,223	$	5,924
Cash		491		1,223
Receivable		108,495			106,370		2,125
Receivable		108,495		106,370
Prepaid Expenses		294,763			294,763		-
Prepaid Expenses		294,763		294,763
Total Current Assets		410,405			402,356		8,049
Total Current Assets		403,749		402,356
							-
Capital							-
Furniture & Equipment		-		26	26		(26)
Software		-		~~166~~	166		(166)
Total Capital Assets		-		~~192~~	192		(192)
Other
							-
Incorporation Costs		11,791		11,791
Other							-
Intellectual Property		130,520		130,520
Incorporation Costs		11,791			11,791		-
Total Other Non-current Assets	$	142,311	$	142,311
Intellectual Property		130,520			130,520		-
	$	546,060	$	544,859
Total Other Non-current Assets	$	142,311		$	142,311	$	-
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
	$	552,716		$	544,859	$	7,857
Current
							-
Bank indebtedness		-		-
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)							-
Accounts payable		345,783		346,035
							-
Accrued interest		6,934,457		6,159,952
Current							-
Accrued interest - related party		-		-
Bank indebtedness		-			-		-
Compensation payable		3,255,524		3,112,396
Accounts payable		344,473			346,035		(1,562)
Notes payable - net of discount		366,110		388,610
Accrued interest		7,329,918			6,159,952		1,169,966
Notes payable - Related parties, net of discount		-		-
Accrued interest - related party		-			-		-
Total Current Liabilities		10,901,874		10,006,993
Compensation payable		3,327,895			3,112,396		215,499
Stockholders' Equity (Deficit)
Notes payable - net of discount		381,110			388,610		(7,500)
Preferred stock, $.001 par value, 10,000,000 shares authorized no shares issued and outstanding		-		-
Notes payable - Related parties, net of discount		-			-		-
Common Stock, $.001 par value, 100,000,000 shares authorized 61,630,907 shares issued and outstanding		61,631		60,729
Total Current Liabilities		11,383,396			10,006,993		1,376,403
Capital in excess of par value		3,377,513		3,331,013
							-
Subscriptions receivable		-		-
Stockholders' Equity (Deficit)							-
Deficit accumulated during the development stage		(13,794,958)		(12,853,876)
Preferred stock, $.001 par value, 10,000,000 shares authorized no shares issued and outstanding		-			-		-
Total Stockholders' Equity (Deficit)		(10,355,814)		(9,462,134)
Common Stock, $.001 par value, 100,000,000 shares authorized 61,630,907 shares issued and outstanding		61,631			60,729		902
	$	546,060	$	544,859
Capital in excess of par value		3,377,513			3,331,013		46,500
The accompanying notes are an integral part of these financial statements.
Subscriptions receivable		-			-
Deficit accumulated during the development stage		(14,269,824)			(12,853,876)		(1,415,948)
							-
Total Stockholders' Equity (Deficit)		(10,830,680)			(9,462,134)		(1,368,546)
	$	552,716		$	544,859	$	7,857

4The accompanying notes are an integral part of these financial statements.

~~TRANSACT ENERGY CORP.~~5

(ATRANSACT ~~Development~~ENERGY ~~Stage Company)~~CORP.

~~INTERIM~~(A ~~STATEMENTS~~Development OFStage ~~OPERATIONS~~Company)

~~(Unaudited~~INTERIM -STATEMENTS ~~Prepared~~OF ~~by Management)~~OPERATIONS

		Cumulative from inception March 15, 2006 June 30, 2021		Three months ended June 30, 2021		Six months ended June 30, 2021		Three months ended June 30, 2020		Six months ended June 30, 2020
REVENUE	$	12,440	$	-	$	-	$	-	$	-
EXPENSES
General and administrative		6,340,361		78,931		161,674		195,945		392,143
Unsuccessful lease purchases		18,673		-		-		-		-
Total Expenses		6,359,034		78,931		161,674		195,945		392,143
LOSS BEFORE OTHER INCOME (EXPENSE)		(6,346,594)		(78,931)		(161,674)		(195,945)		(392,143)
Interest income		50,954		-		-		-		-
Interest expense		(7,222,024)		(392,880)		(779,408)		(391,864)		(779,306)
Gain on debt settlement		34,864		-		-		-		-
Loss on write off of investment in lease		(12,684)		-		-		-		-
Allowance for loss on loans receivable and related interest		(299,474)		-		-		-		-
LOSS FROM OPERATIONS
BEFORE INCOME TAXES		(13,794,958)		(471,811)		(941,082)		(587,809)		(1,171,449)
CURRENT TAX EXPENSE		-		-		-		-		-
DEFFRRED TAX EXPENSE		-		-		-		-		-
NET LOSS	$	(13,794,958)	$	(471,811)	$	(941,082)	$	(587,809)	$	(1,171,449)
LOSS PER COMMON SHARE		-		(0.008)		(0.015)		(0.010)		(0.019)
The accompanying notes are an integral part of these financial statements.

(Unaudited - Prepared by Management)

	Cumulative from inception March 15, 2006 September 30, 2021		Three months ended September 30, 2021		Nine months ended September 30, 2021		Three months ended September 30, 2020		Nine months ended September 30, 2020

REVENUE	$	12,440	$	-	$	-	$	-	$	-

EXPENSES
General and administrative		6,419,765		79,405		241,078		78,825		470,969
Unsuccessful lease purchases		18,673		-		-		-		-

Total Expenses		6,438,438		79,405		241,078		78,825		470,969

LOSS BEFORE OTHER INCOME (EXPENSE)		(6,425,998)		(79,405)		(241,078)		(78,825)		(470,969)

Interest income		50,954		-		-		-		-
Interest expense		(7,617,486)		(395,461)		(1,174,870)		(395,830)		(1,175,135)
Gain on debt settlement		34,864		-		-		-		-
Loss on write off of investment in lease		(12,684)		-		-		-		-
Allowance for loss on loans receivable and related interest		(299,474)		-		-		-		-

LOSS FROM OPERATIONS BEFORE INCOME TAXES		(14,269,824)		(474,866)		(1,415,948)		(474,655)		(1,646,104)

CURRENT TAX EXPENSE		-		-		-		-		-

DEFERRED TAX EXPENSE		-		-		-		-		-

NET LOSS	$	(14,269,824)	$	(474,866)	$	(1,415,948)	$	(474,655)	$	(1,646,104)

LOSS PER COMMON SHARE				(0.008)		(0.023)		(0.008)		(0.027)

~~TRANSACT~~The ~~ENERGY~~accompanying ~~CORP~~notes are an integral part of these financial statements.

~~(A Development Stage Company)~~6

~~INTERIM~~TRANSACT ~~STATEMENTS~~ENERGY ~~OF CASH FLOWS~~CORP.

(~~Unaudited~~A -Development ~~Prepared~~Stage ~~by Management~~Company)

		Cumulative from inception March 15, 2006 to June 30, 2021		Six months ended June 30, 2021		Six months ended June 30, 2020
Cash Flow From Operating Activities:
Net loss for the period	$	(13,794,958)	$	(941,082)	$	(1,171,449)
Adjustments to reconcile net loss to cash used by operating activities:
Stock issued for services	$	1,095,720	$	-	$	-
Stock issued for expenses	$	94,313	$	-	$	-
Debt issued for services	$	12,847	$	-	$	-
Amortization	$	6,286	$	192	$	154
Loss on write off of investment in lease	$	12,684	$	-	$	-
Allowance for interest receivable	$	50,954	$	-	$	-
Allowance for loans receivable	$	248,521	$	-	$	-
Interest expense from beneficial conversion feature on notes payable	$	124,548	$	-	$	-
Loss on stock subscriptions receivable	$	550,431	$	-	$	-
Gain on debt settlement	$	(34,864)	$	-	$	-
Change in assets and liabilities:				-		-
Decrease (Increase) in interest receivable	$	(50,954)	$	-	$	-
Decrease (Increase) in prepaid expenses	$	(294,763)	$	-	$	-
Decrease (Increase) in accounts receivable	$	(108,495)	$	(2,125)	$	(1)
Increase (decrease) in accounts payable	$	345,783	$	(252)	$	(3,376)
Increase in compensation payable	$	3,255,524	$	143,128	$	318,791
Increase in accrued interest	$	6,934,457	$	774,505	$	779,306
Net Cash (used) by Operating Activities		(1,551,966)		(25,634)		(76,575)
Cash Flows From Investing Activities:
Acquisition of oil and gas leases	$	(12,684)	$	-	$	-
Acquisition of Intellectual Property	$	(130,520)	$	-	$	-
Purchase of software	$	-	$	-	$	-
Purchase of furniture & equipment	$	(614)	$	-	$	-
Loans receivable	$	(263,521)	$	-	$	-
Proceeds from loans receivable	$	15,000	$	-	$	-
Net Cash (Used) by Investing Activities		(392,339)		-		-
Cash Flow From Financing Activities
Proceeds from common stock issuance	$	3,439,144	$	47,402	$	75,648
Proceeds received for stock not yet issued	$	-	$	-	$	-
Stock offering costs	$	(13,263)	$	-	$	-
Proceeds from notes payable	$	465,885	$	20,000	$	26,480
Repayment of notes payable	$	(1,946,970)	$	(42,500)	$	(20,000)
Net Cash Provided by Financing Activities		1,944,796		24,902		82,128
Net Increase (Decrease) in Cash		491		(732)		5,553
Cash (Bank Indebtedness) at Beginning of Period		-		1,223		634
Cash at End of Period	$	491	$	491	$	6,187
Supplemental Disclosures of Cash Flow Information:
Cash paid during the period for:
Interest	$	-	$	-	$	-
Income taxes	$	-	$	-	$	-
Supplemental Schedule of Noncash Investing and Financing Activities:
For the three month period ended March 30, 2021 and 2020:
Shares issued for services		1,307,916
Shares issued on conversion of debt		3,327,272		901,995		839,290
Shares issued for acquisition		220,250		-		-
Shares issued to shareholders in exchange for free trading shares		554,744		-		-
Subscriptions receivable		(550,431)		-		-
Beneficial conversion feature on notes payable		59,084		-		-
The accompanying notes are an integral part of these financial statements.

INTERIM STATEMENTS OF CASH FLOWS

6(Unaudited - Prepared by Management)

TRANSACT ENERGY CORP.

	Cumulative from inception March 15, 2006 to September 30, 2021		Nine months ended September 30, 2021		Nine months ended September 30, 2020

Cash Flow From Operating Activities:
Net loss for the period	$	(14,269,824)	$	(1,415,948)	$	(1,646,104)
Adjustments to reconcile net loss to cash used by operating activities:
Stock issued for services		1,095,720		-		-
Stock issued for expenses		94,313		-		-
Debt issued for services		12,847		-		-
Amortization		6,286		192		(18)
Loss on write off of investment in lease		12,684		-		-
Allowance for interest receivable		50,954		-		-
Allowance for loans receivable		248,521		-		-
Interest expense from beneficial conversion feature on notes payable		124,548		-		-
Loss on stock subscriptions receivable		550,431		-		-
Gain on debt settlement		(34,864)		-		-
Change in assets and liabilities:				-		-
Decrease (Increase) in interest receivable		(50,954)		-		-
Decrease (Increase) in prepaid expenses		(294,763)		-		-
Decrease (Increase) in accounts receivable		(108,495)		(2,125)		(1)
Increase (decrease) in accounts payable		344,473		(1,562)		(2,312)
Increase in compensation payable		3,327,895		215,499		390,842
Increase in accrued interest		7,329,918		1,169,966		1,175,136
Net Cash (used) by Operating Activities	$	(1,560,310)	$	(33,978)	$	(82,457)

Cash Flows From Investing Activities:
Acquisition of oil and gas leases		(12,684)		-		-
Acquisition of Intellectual Property		(130,520)		-		-
Purchase of software		-		-		-
Purchase of furniture & equipment		(614)		-		-
Loans receivable		(263,521)		-		-
Proceeds from loans receivable		15,000		-		-
Net Cash (Used) by Investing Activities	$	(392,339)	$	-	$	-

Cash Flow From Financing Activities
Proceeds from common stock issuance		3,439,144		47,402		75,648
Proceeds received for stock not yet issued		-		-		-
Stock offering costs		(13,263)		-		-
Proceeds from notes payable		480,885		35,000		26,480
Repayment of notes payable		(1,946,970)		(42,500)		(20,000)
Net Cash Provided by Financing Activities	$	1,959,796	$	39,902	$	82,128

Net Increase (Decrease) in Cash		7,147		5,924		(329)
Cash (Bank Indebtedness) at Beginning of Period		-		1,223		634
Cash at End of Period	$	7,147	$	7,147	$	305

[AThe ~~Development~~accompanying ~~Stage~~notes ~~Company]~~are an integral part of these financial statements.

~~FINANCIAL STATEMENTS~~7

~~June~~TRANSACT ~~30,~~ENERGY ~~2021~~CORP.

(~~Unaudited~~A ~~– Prepared~~Development byStage ~~Management~~Company)

~~NOTE~~INTERIM 1STATEMENTS ~~- SUMMARY~~ OF ~~SIGNIFICANT~~CASH ~~ACCOUNTING POLICIES~~FLOWS

~~Organization~~ - ~~TransAct~~CONTINUED Energy Corp. (“the Company”) was organized under the laws of the State of Nevada on March 15, 2006. The Company is in the business of developing and managing zero emission waste to value plants globally. The Company has generated nominal revenues and is considered a development stage company as defined in Accounting Standards Codification (“ASC”) Topic No. 915. The Company has, now, not paid any dividends and any dividends that may be paid in the future will depend upon the financial requirements of the Company and other relevant factors.-

~~Interim~~(Unaudited ~~Condensed Financial Statements~~ - ~~The~~Prepared ~~accompanying interim financial statements have been prepared~~ by ~~the Company without audit. In the opinion of management, all adjustments (which include only normal recurring adjustments~~Management) ~~necessary to present fairly the financial position, results of operations and cash flows at June 30, 2021 and 2020 and for the periods then ended have been made.~~

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. It is suggested that these condensed financial statements be read in conjunction with the financial statements and notes thereto included in the Company’s December 31, 2020 unaudited financial statements. The results of operations for the periods ended June 30, 2021 and 2020 are not necessarily indicative of the operating results for the full year.

	Cumulative from inception March 15, 2006 to September 30, 2021		Nine months ended September 30, 2021		Nine months ended September 30, 2020

Supplemental Disclosures of Cash Flow Information:
Cash paid during the period for:
Interest				-		-
Income taxes	$	-	$	-	$	-

Supplemental Schedule of Noncash Investing and Financing Activities:
For the three month period ended March 30, 2021 and 2020:
Shares issued for services	$	1,307,916	$		$	-
Shares issued on conversion of debt	$	3,327,272	$	901,995	$	839,290
Shares issued for acquisition	$	220,250	$	-	$	-
Shares issued to shareholders in exchange	$	0	$	-	$	-
for free trading shares	$	554,744	$	-	$	-
Subscriptions receivable	$	(550,431)	$	-	$	-
Beneficial conversion feature on notes payable	$	59,084	$	-	$	-

~~Cash and Cash Equivalents -~~ The ~~Company~~accompanying ~~considers~~notes ~~all~~are ~~highly~~an ~~liquid~~integral ~~debt~~part ~~investments purchased with a maturity~~ of ~~three~~these ~~months~~financial ~~or less to be cash equivalents~~statements.

~~Software and related amortization - Software is recorded at cost and the Company provides for amortization using the straight-line method over one year.~~8

~~Income~~TRANSACT ~~Taxes~~ENERGY ~~- The Company accounts for income taxes in accordance with ASC Topic No~~CORP. 740, “Accounting for Income Taxes.” The Company adopted the provisions of ASC Topic No. 740, on January 1, 2007. As a result of the implementation of ASC Topic No. 740, the Company recognized approximately no increase in the liability for unrecognized tax benefits.

~~The~~(A ~~Company~~Development ~~has~~Stage ~~no tax positions on December 31, 2020 and 2019 for which the ultimate deductibility is highly certain but for which there is uncertainty about the timing of such deductibility.~~Company)

~~The~~NOTES ~~Company~~TO ~~recognizes~~FINANCIAL interest accrued related to unrecognized tax benefits in interest expense and penalties in operating expenses. During the years ended December 31, 2020 and 2019, the Company recognized no interest and penalties. The Company had no accruals for interest and penalties at June 30, 2021 and 2020.STATEMENTS

~~Loss~~(Unaudited ~~Per Share~~ - ~~The~~Prepared ~~computation~~by ~~of loss per share is based on the weighted average number of shares outstanding during the period presented in accordance with ASC Topic No. 260, “Earnings Per Share” [See Note 9].~~Management)

~~Accounting~~September Estimates - The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities30, the disclosures of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimated by management.2021

~~Recently~~NOTE ~~Enacted~~1 ~~Accounting Standards~~ - InSUMMARY ~~September~~OF ~~2009,~~SIGNIFICANT ~~the~~ACCOUNTING FASB established the Accounting Standards Codification (“Codification” or “ASC”) as the source of authoritative accounting principles recognized by the FASB to be applied by nongovernmental entities in the preparation of financial statements in accordance with generally accepted accounting principles in the United States (“GAAP”). Rules and interpretive releases of the Securities and Exchange Commission (“SEC”) issued under authority of federal securities laws are also sources of GAAP for SEC registrants. Existing GAAP was not intended to be changed as a result of the Codification, and accordingly the change did not impact our financial statements. The ASC does change the way the guidance is organized and presented.POLICIES

7Organization - TransAct Energy Corp. (“the Company”) was organized under the laws of the State of Nevada on March 15, 2006. The Company is in the business of developing and managing zero emission waste to value plants globally. The Company has generated nominal revenues and is considered a development stage company as defined in Accounting Standards Codification (“ASC”) Topic No. 915. The Company has, now, not paid any dividends and any dividends that may be paid in the future will depend upon the financial requirements of the Company and other relevant factors.

~~TRANSACT~~Interim ~~ENERGY~~Condensed ~~CORP~~Financial Statements - The accompanying interim financial statements have been prepared by the Company without audit. In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations and cash flows at September 30, 2021 and 2020 and for the periods then ended have been made.

[ACertain ~~Development~~information ~~Stage~~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. It is suggested that these condensed financial statements be read in conjunction with the financial statements and notes thereto included in the Company]’s December 31, 2020 unaudited financial statements. The results of operations for the periods ended September 30, 2021 and 2020 are not necessarily indicative of the operating results for the full year.

~~FINANCIAL~~Cash ~~STATEMENTS~~and Cash Equivalents - The Company considers all highly liquid debt investments purchased with a maturity of three months or less to be cash equivalents.

~~June~~Software ~~30,~~and ~~2021~~related amortization - Software is recorded at cost and the Company provides for amortization using the straight-line method over one year.

~~(Unaudited~~Income ~~– Prepared~~Taxes by- ~~Management)~~The Company accounts for income taxes in accordance with ASC Topic No. 740, “Accounting for Income Taxes.” The Company adopted the provisions of ASC Topic No. 740, on January 1, 2007. As a result of the implementation of ASC Topic No. 740, the Company recognized approximately no increase in the liability for unrecognized tax benefits.

~~NOTE~~The 1Company -has ~~SUMMARY~~no OFtax ~~SIGNIFICANT~~positions ~~ACCOUNTING~~on ~~POLICIES~~December ~~(CONTINUED)~~31, 2020 and 2019 for which the ultimate deductibility is highly certain but for which there is uncertainty about the timing of such deductibility.

~~Accounting~~The ~~Standards~~Company ~~Update~~recognizes ~~(“ASU”)~~interest ~~ASU~~accrued ~~No.~~related ~~2009-05~~to ~~(ASC~~unrecognized ~~Topic~~tax ~~820),~~benefits ~~which~~in ~~amends~~interest ~~Fair~~expense ~~Value Measurements~~ and ~~Disclosures~~penalties ~~– Overall,~~in ~~ASU~~operating Noexpenses. ~~2009-13~~During ~~(ASC~~the ~~Topic~~years ~~605),~~ended ~~Multiple-Deliverable~~December ~~Revenue Arrangements~~31, ~~ASU~~2020 ~~No.~~and ~~2009-14 (ASC Topic 985)~~2019, ~~Certain~~the ~~Revenue~~Company ~~Arrangements~~recognized ~~that~~no ~~include~~interest ~~Software Elements,~~ and ~~various other ASU’s No~~penalties. ~~2009-2~~The ~~through~~Company ~~ASU~~had ~~No. 2011-8 which contain technical corrections to existing guidance or affect guidance to specialized industries or entities were recently issued. These updates have~~ no ~~current~~accruals ~~applicability~~for tointerest ~~the~~and ~~Company~~penalties orat ~~their~~June ~~effect~~30, on2021 ~~the~~and ~~financial statements would not have been significant~~2020.

~~Investment~~Loss inPer ~~Leases~~Share - ~~All~~The ~~costs~~computation ~~such~~of asloss ~~bid~~per ~~fees~~share ~~and~~is ~~lease~~based ~~rental~~on ~~payments~~the ~~related~~weighted toaverage ~~the~~number ~~acquisition~~ of ~~energy~~shares ~~leases~~outstanding ~~are~~during ~~deferred~~the ~~and~~period ~~amortized~~presented onin aaccordance ~~straight-line~~with ~~basis~~ASC ~~over~~Topic ~~the~~No. ~~term~~260, of“Earnings ~~the~~Per ~~lease~~Share” [See Note 9].

~~Foreign~~Accounting ~~Currency~~Estimates ~~Translation~~ - The ~~Financial~~preparation ~~statements~~of ~~are~~financial ~~presented~~statements in ~~United~~conformity ~~States dollars. In accordance~~ with ~~ASC~~accounting ~~830~~principles ~~“Foreign~~generally ~~Currency~~accepted ~~Matters”,~~in ~~foreign~~the ~~denominated~~United ~~monetary~~States ~~assets~~of ~~and~~America ~~liabilities~~requires ~~are~~management ~~translated~~to ~~into~~make ~~their~~estimates ~~United~~and ~~States~~assumptions ~~dollar~~that ~~equivalents~~affect ~~using~~the ~~foreign~~reported ~~exchange~~amounts ~~rates~~of ~~which~~assets ~~prevailed~~and atliabilities, the ~~balance~~disclosures ~~sheet~~of ~~date.~~contingent ~~Non-monetary~~ assets and liabilities ~~are translated~~ at the ~~exchange~~date ~~rates~~of ~~prevailing at~~ the ~~transaction~~financial ~~date.~~statements, ~~Revenue~~ and ~~expenses~~the ~~are~~reported ~~translated~~amounts atof ~~average~~revenues ~~rate~~and ofexpenses ~~exchange~~ during the ~~year~~reporting period. ~~Gains~~Actual orresults ~~losses~~could ~~resulting~~differ from ~~foreign~~those ~~currency~~estimated ~~transactions~~by ~~are included in results of operation~~management.

Stock Offering Costs - Costs incurred in connection with stock offerings will be deferred and offset against the proceeds of the stock offering. Costs incurred in connection with unsuccessful offerings will be expensed.9

~~Reclassification~~TRANSACT ~~– Certain~~ENERGY ~~prior year amounts have been reclassified to conform with current year presentation~~CORP.

~~NOTE~~(A 2Development ~~– LOANS~~Stage ~~RECEIVABLE – RELATED PARTY~~Company)

~~The~~NOTES ~~$12,000,~~TO ~~$5,000,~~FINANCIAL $7,000, $212,000 and $12,520 loans receivable from a company whose sole shareholder holds less than 10% in TransAct, are secured and were due on November 1, November 10, November 29, December 6 and December 6, 2010, respectively. The loans are secured by certain assets and equipment of the company and bear interest at rates between 15% and 18% per annum for the terms of the loans. STATEMENTS

On(Unaudited ~~June~~- ~~30,~~Prepared ~~2011~~by and December 31, 2010 interest receivable was $50,954. These notes have not been granted an extension, are in default and management has formally demanded payment of the outstanding principal and interest and may pursue legal action if the cost of said action can be justified. At December 31, 2010 the Company recorded a total allowance of $299,475 charged to operations including principal of $248,521 and interest of $50,954. Management)

~~NOTE~~September 330, ~~- SOFTWARE~~ 2021

						Net Book Value
		Cost		Accumulated Amortization		June 30, 2021		December 31, 2020
Software	$	3,812	$	3,812	$	0	$	166

Recently Enacted Accounting Standards - In September 2009, the FASB established the Accounting Standards Codification (“Codification” or “ASC”) as the source of authoritative accounting principles recognized by the FASB to be applied by nongovernmental entities in the preparation of financial statements in accordance with generally accepted accounting principles in the United States (“GAAP”). Rules and interpretive releases of the Securities and Exchange Commission (“SEC”) issued under authority of federal securities laws are also sources of GAAP for SEC registrants. Existing GAAP was not intended to be changed as a result of the Codification, and accordingly the change did not impact our financial statements. The ASC does change the way the guidance is organized and presented.

~~NOTE~~Accounting 4Standards ~~– NOTES~~Update ~~PAYABLE~~(“ASU”) ASU No. 2009-05 (ASC Topic 820), which amends Fair Value Measurements and Disclosures - Overall, ASU No. 2009-13 (ASC Topic 605), Multiple-Deliverable Revenue Arrangements, ASU No. 2009-14 (ASC Topic 985), Certain Revenue Arrangements that include Software Elements, and various other ASU’s No. 2009-2 through ASU No. 2011-8 which contain technical corrections to existing guidance or affect guidance to specialized industries or entities were recently issued. These updates have no current applicability to the Company or their effect on the financial statements would not have been significant.

~~The~~Investment ~~$10,000 convertible promissory note payable to a company whose shareholders hold less than 10%~~ in ~~TransAct~~Leases is- ~~unsecured,~~All ~~bears~~costs ~~interest~~such atas ~~10%~~bid ~~per~~fees ~~annum~~ and ~~was~~lease ~~due~~rental ~~and~~payments ~~payable~~related ~~on March 31, 2010. The payee had the option~~ to ~~convert~~ the ~~entire~~acquisition ~~principal~~of ~~amount~~energy onleases orare ~~before~~deferred ~~April~~and ~~29,~~amortized ~~2009 into common shares of the Company based~~ on a ~~conversion~~straight-line ~~rate~~basis ofover ~~$.00345 per share. No interest was payable if~~ the ~~principal~~term ~~was converted to shares~~ of the ~~Company~~lease. The payee did not exercise its conversion option. The note is currently outstanding and in October 2010 the Company issued a check in the amount of $11,876 as payment in full of principal and interest which was returned un-cashed by the payee. On June 30, 2021, accrued interest was $12,686.

Foreign Currency Translation - The ~~$17~~Financial statements are presented in United States dollars. In accordance with ASC 830 “Foreign Currency Matters”,~~500~~ ~~promissory~~foreign ~~note~~denominated ~~payable~~monetary toassets aand ~~company~~liabilities ~~whose~~are ~~shareholders~~translated ~~hold~~into ~~less~~their ~~than~~United ~~10%~~States indollar ~~TransAct~~equivalents isusing ~~unsecured,~~foreign ~~bears~~exchange ~~interest~~rates which prevailed at ~~10%~~the ~~per~~balance ~~annum~~sheet date. Non-monetary assets and isliabilities ~~due~~are ontranslated ~~demand~~at the exchange rates prevailing at the transaction date. ~~This~~Revenue ~~note~~and isexpenses ~~currently~~are intranslated ~~default~~at average rate of exchange during the year. OnGains ~~June~~or ~~30,~~losses ~~2021,~~resulting ~~accrued~~from ~~interest~~foreign ~~was~~currency ~~$21,448~~transactions are included in results of operation.

8Stock Offering Costs - Costs incurred in connection with stock offerings will be deferred and offset against the proceeds of the stock offering. Costs incurred in connection with unsuccessful offerings will be expensed.

~~TRANSACT~~Reclassification ~~ENERGY~~- ~~CORP~~Certain prior year amounts have been reclassified to conform with current year presentation.

[ANOTE ~~Development~~2 ~~Stage~~- ~~Company]~~LOANS RECEIVABLE - RELATED PARTY

~~FINANCIAL~~The ~~STATEMENTS~~$12,000, $5,000, $7,000, $212,000 and $12,520 loans receivable from a company whose sole shareholder holds less than 10% in TransAct, are secured and were due on November 1, November 10, November 29, December 6 and December 6, 2010, respectively. The loans are secured by certain assets and equipment of the company and bear interest at rates between 15% and 18% per annum for the terms of the loans.

On June 30, ~~2021~~2011 and December 31, 2010 interest receivable was $50,954. These notes have not been granted an extension, are in default and management has formally demanded payment of the outstanding principal and interest and may pursue legal action if the cost of said action can be justified. At December 31, 2010 the Company recorded a total allowance of $299,475 charged to operations including principal of $248,521 and interest of $50,954.

~~(Unaudited~~NOTE ~~– Prepared~~3 by- ~~Management)~~SOFTWARE

NOTE 4 – NOTES PAYABLE (CONTINUED)

			Accumulated		Net Book Value
	Cost		Amortization		Sept 30, 2021		Dec 31, 2020

Software	$	3,812	$	3,812	$	-	$	166

The $25,000 and $15,243.90 ($20,000 CAD) promissory notes payable dated April 22, 2011 and March 31, 2011 respectively are unsecured and bear interest at 60% per annum or $2,500 and $1,445 ($2,000 CAD) respectively whichever is greater. The notes are due on demand and may be prepaid in whole or part without penalty. Accrued interest was $246,357 on June 30, 2021. 10

~~The~~TRANSACT $ENERGY ~~3,811 ($5,000 CAD) promissory note payable dated September 12, 2011 is unsecured and bears interest at $361 up to September 16, 2011 and $36 per diem until all principal and interest is repaid~~CORP. ~~The note is due on demand and may be prepaid in whole or part without penalty. Accrued interest was $132,015 on June 30, 2021.~~

~~The~~(A ~~$100,000~~Development ~~promissory~~Stage ~~note payable dated September 30, 2013, is unsecured and is non-interest bearing.~~Company)

ANOTES ~~$22,030~~TO ~~promissory~~FINANCIAL note payable dated February 24, 2011 to a former officer bears interest of $6,000 and was due on March 4, 2011. This note is accruing interest at $360 per day for every day after March 4, 2011 until the note is repaid in full. On June 30, 2021, accrued interest was $1,364,153.STATEMENTS

~~A $46,660 promissory note payable dated April 22, 2011 to a former officer~~ (~~more~~Unaudited ~~than~~- 1Prepared ~~year~~by ~~ago~~Management) bears interest at 1% per diem. A beneficial conversion feature of $2,750 was recorded as a discount to the notes with the offset to Additional Paid in Capital. In May 2011 the holder of the note converted $10,000 of principal into 750,000 shares of common stock and the discount was expensed to interest. The remaining balance of $36,660 is due on demand. On June 30, 2021 accrued interest was $1,373,527.

ASeptember $3,000 convertible promissory note payable to a former officer is secured by certain assets and equipment of the Company and bore interest at 8% per annum through the due date in November 2010 and is currently in default and bearing interest at 60%. A beneficial conversion feature of $3,000 has been recorded as a discount to the note with an offset to additional paid in capital. The discount was fully amortized in 2010. On June 30, 2021~~, accrued interest was $20,306.~~

ANOTE ~~$9,980~~4 ~~short~~-~~term~~ ~~loan~~NOTES dated January 23, 2018 is unsecured and bears fixed interest of $3000 and was due March 5th, 2018.This note is currently in default. Interest at the option of the Lender may be paid in stock at a 75% discount to market. On June 30, 2021, we accrued interest of $87,791.PAYABLE

AThe $410,~~980~~000 ~~short-term~~convertible ~~loan~~promissory ~~dated~~note ~~February~~payable ~~26,~~to ~~2018~~a company whose shareholders hold less than 10% in TransAct is unsecured, ~~and~~ bears ~~fixed~~ interest ofat ~~$1500~~10% per annum and was due inand payable on March ~~2018~~31, 2010.~~This~~ ~~note~~The ispayee ~~currently~~had inthe ~~default~~option to convert the entire principal amount on or before April 29, 2009 into common shares of the Company based on a conversion rate of $.00345 ~~Interest~~per atshare. No interest was payable if the ~~option~~principal was converted to shares of the ~~Lender~~Company. ~~may~~The bepayee ~~paid~~did not exercise its conversion option. The note is currently outstanding and in ~~stock~~October at2010 the Company issued a ~~75%~~check ~~discount~~in tothe ~~market~~amount of $11,876 as payment in full of principal and interest which was returned un-cashed by the payee. On ~~June~~September 30, 2021, we accrued ~~$43,893~~interest inwas ~~interest~~$12,938.

AThe $417,~~980~~500 ~~short-term~~promissory ~~loan~~note ~~dated~~payable ~~May~~to ~~29,~~a ~~2018~~company whose shareholders hold less than 10% in TransAct is unsecured, ~~and~~ bears interest ofat ~~$35.71~~10% per ~~day~~annum and ~~was~~is due inon ~~June 30, 2018~~demand. This note is currently in default. On ~~June~~September 30, 2021, we accrued ~~$40,286~~interest inwas ~~interest~~$21,890.

AThe $6025,000 ~~short-term~~and ~~loan~~$15,243.90 ($20,000 CAD) promissory notes payable dated ~~June~~April 622, ~~2018~~2011 isand March 31, 2011 respectively are unsecured and ~~bears~~bear interest ofat 60% per annum or $32,500 and $1,445 ($2,000 ~~per~~CAD) ~~day~~respectively whichever is greater. OnThe ~~June~~notes ~~30,~~are ~~2021~~due weon ~~accrued~~demand ~~$3,360,000~~and may be prepaid in whole or part without penalty. Accrued interest was $252,444 on September 30, 2021.

AThe $ 3,~~980~~811 ~~short-term~~($5,000 ~~loan~~CAD) promissory note payable dated ~~July~~September 2512, ~~2018~~2011 is unsecured and bears interest ofat $~~28.49~~361 ~~per~~up ~~day~~to September 16, 2011 and ~~was~~$36 ~~due~~per indiem ~~Aug~~until ~~31,~~all ~~2018~~principal and interest is repaid.~~This~~ The note is ~~currently~~due on demand and may be prepaid in ~~default.~~whole Onor ~~June~~part ~~30,~~without ~~2021~~penalty. weAccrued ~~accrued~~interest was $30135,~~513~~521 inon ~~interest~~September 30, 2021.

AThe $5100,000 ~~short-term~~promissory ~~loan~~note payable dated ~~January~~September 2530, ~~2019~~2013 is unsecured and ~~bears~~is non-interest ~~of $28~~bearing.~~49 per day and was due February 25, 2019.This note is currently in default. On June 30, 2021 we accrued $31,679 in interest.~~

A $522,~~000~~030 ~~short-term~~promissory ~~loan~~note payable dated February 2824, ~~2019~~2011 isto ~~unsecured~~a ~~and~~former officer bears interest of $~~28.49~~6,000 ~~per day~~ and was due on March 234, ~~2019~~2011. This note is ~~currently~~accruing interest at $360 per day for every day after March 4, 2011 until the note is repaid in ~~default~~full. On ~~June~~September 30, 2021, we accrued ~~$30,464~~interest inwas ~~interest~~$1,397,273.

A $1046,~~000~~660 ~~short-term~~promissory ~~loan~~note payable dated April 2622, ~~2019~~2011 isto ~~unsecured~~a ~~and~~former officer (more than 1 year ago) bears interest ofat ~~71.4257~~1% per ~~day~~diem. ~~This~~A beneficial conversion feature of $2,750 was recorded as a discount to the notes with the offset to Additional Paid in Capital. In May 2011 the holder of the note converted $10,000 of principal into 750,000 shares of common stock and the discount was expensed to interest. The remaining balance of $36,660 is ~~currently~~due inon ~~default~~demand. On ~~June~~September 30, 2021 we accrued ~~$56,862~~interest inwas ~~interest~~$1,407,254.

9A $3,000 convertible promissory note payable to a former officer is secured by certain assets and equipment of the Company and bore interest at 8% per annum through the due date in November 2010 and is currently in default and bearing interest at 60%. A beneficial conversion feature of $3,000 has been recorded as a discount to the note with an offset to additional paid in capital. The discount was fully amortized in 2010. On September 30, 2021, accrued interest was $20,760.

~~TRANSACT~~A ~~ENERGY~~$9,980 ~~CORP~~short-term loan dated January 23, 2018 is unsecured and bears fixed interest of $3000 and was due March 5th, 2018.This note is currently in default. Interest at the option of the Lender may be paid in stock at a 75% discount to market. On September 30, 2021, we accrued interest of $94,362.

[A ~~Development~~$4,980 ~~Stage~~short-term ~~Company]~~loan dated February 26, 2018 is unsecured and bears fixed interest of $1500 and was due in March 2018.This note is currently in default. Interest at the option of the Lender may be paid in stock at a 75% discount to market. On September 30, 2021 we accrued $47,179 in interest.

~~FINANCIAL~~A ~~STATEMENTS~~$4,980 short-term loan dated May 29, 2018 is unsecured and bears interest of $35.71 per day and was due in June 30, 2018.This note is currently in default. On September 30, 2021, we accrued $43,571 in interest.

~~June 30, 2021~~11

~~(Unaudited~~TRANSACT ~~– Prepared~~ENERGY ~~by Management)~~CORP.

~~NOTE~~(A 4Development ~~– NOTES~~Stage ~~PAYABLE (CONTINUED~~Company)

ANOTES ~~$15,000~~TO ~~convertible~~FINANCIAL note dated May 9, 2019 is unsecured and bears interest of 12% per annum. The note was due May 5, 2020 unless converted to common stock. On Feb 4, 2021, the note and accrued $2,969 in interest were converted to restricted common stock. (note 6)STATEMENTS

A(Unaudited ~~$10,000~~- ~~convertible~~Prepared ~~note~~by dated July 25, 2019 is unsecured and bears interest of 12% per annum. The note was due July 24, 2020 unless converted to common stock. On Feb 4, 2021, the note and accrued $1,726 in interest were converted to restricted common stock. (note 6Management)

ASeptember ~~$5,000 short-term loan dated August 26, 2019 is unsecured and bears interest of 35.7143 per day. This note is currently in default. On June~~ 30, 2021 ~~we accrued $24,071 in interest.~~

A $460,~~995~~000 short-term loan dated ~~November~~June 216, ~~2019~~2018 is unsecured and bears interest of ~~35.7143~~$3,000 per day ~~August 26, 2019~~. ~~This note is currently in default.~~ On ~~June~~September 30, 2021 we accrued $203,~~964~~636,000 in interest.

A $43,~~995~~980 short-term loan dated ~~December~~July 2025, ~~2019~~2018 is unsecured and bears interest of 35$28.~~7143~~49 per day and was due in Aug 31, 2018.This note is currently in default. On ~~June~~September 30, 2021, we accrued $1933,~~929~~134 in interest.

A $35,~~980~~000 short-term loan dated ~~March~~January 2025, ~~2020~~2019 is unsecured and bears interest of $28.~~57144~~49 per day and was due February 25, 2019.This note is currently in default. On ~~June~~September 30, 2021, we accrued $1334,~~343~~964 in interest.

A $25,~~500~~000 ~~convertible~~short-term ~~note~~loan dated ~~April~~February 2228, ~~2020~~2019 is unsecured and bears interest of ~~12%~~$28.49 per ~~annum.~~day ~~The~~and ~~note~~was is due ~~April~~March 2123, ~~2021~~2019.This ~~unless~~note ~~converted~~is tocurrently ~~common~~in ~~stock~~default. On ~~Feb~~September 430, 2021, ~~the~~we ~~note and~~ accrued $~~208~~33,750 in interest ~~were converted to restricted common stock~~. ~~(note 6)~~

A $510,000 ~~convertible~~short-term ~~note~~loan dated ~~December~~April 126, ~~2020~~2019 is unsecured and bears interest of ~~12%~~71.4257 per ~~annum~~day. ~~The~~This note is ~~due~~currently ~~November~~in ~~01, 2021 unless converted to common stock~~default. On ~~June~~September 30, 2021, we ~~had~~ accrued $~~347~~63,434 in interest.

A $15,000 convertible note ~~date~~dated ~~February~~May ~~5th~~9, ~~2021~~2019 is unsecured and bears interest of 12% per annum. The note iswas due ~~February~~May ~~3rd~~5, ~~2022~~2020 unless converted to common stock. On ~~February~~Feb ~~8th~~4, 2021, the note ~~was~~and accrued $2,969 in interest were converted to restricted common stock. (note 6).

A $510,000 convertible note dated ~~June~~July 425, ~~2021~~2019 is unsecured and bears interest of 12% per annum. The note iswas due ~~June~~July 324, ~~2022~~2020 unless converted to common stock. On ~~June~~Feb 304, 2021, wethe ~~had~~note and accrued $431,726 in interest were converted to restricted common stock. (note 6)

~~NOTE~~A $5,000 ~~– NOTES~~short-term ~~PAYABLE~~loan ~~– RELATED~~dated ~~PARTIES~~August 26, 2019 is unsecured and bears interest of 35.7143 per day. This note is currently in default. On September 30, 2021, we accrued $27,357 in interest.

~~There~~A ~~are~~$4,995 noshort-term ~~notes~~loan ~~payable~~dated toNovember ~~related~~21, ~~parties~~2019 onis ~~June~~unsecured and bears interest of 35.7143 per day August 26, 2019. This note is currently in default. On September 30, 2021, we accrued $24,250 in interest.

~~NOTE~~A 6$4,995 short-term ~~CAPITAL~~loan ~~STOCK~~dated December 20, 2019 is unsecured and bears interest of 35.7143 per day. On September 30, 2021, we accrued $23,214 in interest.

~~Preferred~~A ~~Stock~~$3,980 short-term ~~The~~loan ~~Company~~dated ~~has~~March ~~authorized 10~~20,~~000,000~~ ~~shares~~2020 ofis ~~preferred~~unsecured ~~stock, $.001 par value, with such rights, preferences~~ and ~~designations~~bears ~~and~~interest ~~to be issued in such series as determined by the Board~~ of ~~Directors~~28.57144 Noper ~~shares~~day. ~~are~~On ~~issued~~September ~~and~~30, ~~outstanding~~2021, onwe ~~June~~accrued 30$15,971 ~~2021~~in interest.

~~Common~~A ~~Stock~~$2,500 -convertible ~~The~~note ~~Company~~dated ~~has~~April ~~authorized 100~~22,~~000,000~~ ~~shares~~2020 is unsecured and bears interest of ~~common~~12% ~~stock,~~per $annum.~~001~~ ~~par~~The ~~value,~~note ~~with~~is ~~such~~due ~~rights,~~April ~~preferences~~21, ~~and~~2021 ~~designations~~unless ~~and~~converted to becommon ~~issued~~stock. inOn ~~such~~Feb ~~series~~4, as2021, ~~determined~~the bynote ~~the~~and ~~Board~~accrued of$208 ~~Directors~~in interest were converted to restricted common stock. (note 6)

InA $5,000 convertible note dated December ~~2010~~1, ~~proceeds~~2020 ~~were~~is ~~received~~unsecured ~~for~~and ~~200,000~~bears ~~common~~interest ~~shares~~of at12% $per annum.15 ~~per~~The ~~share~~note ~~and~~is ~~50,000~~due ~~common~~November ~~shares~~01, at2021 ~~$.20~~unless ~~per~~converted ~~share~~to ~~for~~common astock. ~~total~~On ofSeptember $30, 402021,~~000.~~ ~~These~~we ~~shares~~had ~~were~~accrued ~~issued~~$498.09 in ~~June 2011~~interest.

InA ~~January~~$15,000 ~~2011~~convertible ~~the~~note ~~Company~~date ~~issued~~February ~~588~~5th,~~235~~ ~~common~~2021 ~~shares~~is atunsecured ~~$.17~~and bears interest of 12% per ~~share~~annum. ~~for~~The ~~total~~note ~~proceeds~~is ~~received~~due ofFebruary ~~$100~~3rd,~~000~~ 2022 unless converted to common stock. On February 8th, 2021, the note was converted (note 6).

10A $5,000 convertible note dated June 4, 2021, is unsecured and bears interest of 12% per annum. The note is due June 3, 2022, unless converted to common stock. On September 30, 2021, we had accrued $194 in interest.

~~TRANSACT~~A ~~ENERGY~~$5,000 ~~CORP~~convertible note dated August 24, 2021, is unsecured and bears interest of 12% per annum. The note is due August 23, 2022, unless converted to common stock. On September 30, 2021, we had accrued $59 in interest.

~~[A Development Stage Company]~~12

~~FINANCIAL~~TRANSACT ~~STATEMENTS~~ENERGY CORP.

~~June~~(A ~~30,~~Development ~~2021~~Stage Company)

~~(Unaudited~~NOTES ~~– Prepared~~TO byFINANCIAL ~~Management)~~STATEMENTS

~~NOTE~~(Unaudited 6- ~~– CAPITAL~~Prepared ~~STOCK~~by ~~(CONTINUED~~Management)

InSeptember ~~February 2011 the Company issued 404~~30,~~040~~ ~~common shares pursuant to a convertible option of a note payable totaling $12,000 at $.0297 per share.~~2021

InA ~~June~~$5,000 ~~2011~~convertible ~~the~~note ~~Company~~dated ~~issued~~August ~~200~~24,~~000~~ 2021, is unsecured and bears interest of 12% per annum. The note is due August 23, 2022, unless converted to common ~~shares~~stock. ~~for~~On ~~compensation~~September ~~services~~30, at2021, awe ~~value~~had ofaccrued $~~.015~~59 ~~per~~in ~~share~~interest.

InA ~~June~~$5,000 ~~2011~~convertible ~~the~~note ~~Company~~dated ~~issued~~August ~~750~~24,~~000~~ ~~common~~2021, ~~shares~~is ~~pursuant~~unsecured toand abears ~~convertible~~interest ~~option~~ of a12% per annum. The note ~~payable~~is ~~totaling~~due ~~$10~~August 23,~~000~~ at2022, $unless converted to common stock.~~013~~ ~~per~~On ~~share~~September 30, 2021, we had accrued $59 in interest.

InNOTE ~~June~~5 ~~2011,~~- ~~the~~NOTES ~~Company~~PAYABLE ~~issued~~- ~~175,739~~RELATED common shares at a value of $.015 per share in exchange for consulting services accrued as a liability at December 31, 2010 in the amount of $ 37,500. The difference of $34,864 has been recorded as a gain on debt settlement.PARTIES

InThere ~~May~~are ~~2012,~~no ~~the~~notes ~~Company~~payable ~~issued~~to ~~3,316,500~~related ~~common~~parties ~~shares~~on September ~~for~~30, ~~consulting services at a value of $~~2021.~~035 per share (see Note 10).~~

InNOTE ~~May~~6 ~~2012,~~- ~~the~~CAPITAL ~~Company issued 275,000 common shares as a fee related to financing services at a value of $.0182 per share.~~STOCK

InPreferred ~~May~~Stock ~~2012~~- ~~the~~The Company ~~issued~~has ~~625~~authorized 10,000,000 ~~common~~ shares ~~for~~of ~~compensation~~preferred ~~services~~stock, at$.001 apar value, with such rights, preferences and designations and to be issued in such series as determined by the Board of $Directors.05 ~~per~~No ~~share~~shares are issued and outstanding on September 30, 2021.

InCommon ~~May~~Stock ~~2012~~- ~~the~~The Company ~~issued~~has ~~119~~authorized 100,~~783~~000,000 ~~common~~ shares ~~for~~of ~~compensation~~common ~~services~~stock, at$.001 apar value, ofwith ~~$.045~~such ~~per~~rights, ~~share~~preferences, and designations and to be issued in such series as determined by the Board of Directors.

In ~~May~~December ~~2013~~2010 ~~the~~proceeds ~~Company~~were ~~issued~~received 2for 200,~~600,~~000 common shares asat ~~payment~~$.15 ~~related~~per toshare aand ~~technology~~50,000 ~~purchase~~common ~~agreement~~shares at $.20 per share for a ~~value~~total of $ 40,000.~~0502~~ ~~per~~These ~~share~~shares were issued in June 2011.

In ~~May~~January ~~2013~~2011 the Company issued ~~500~~588,~~000~~235 common shares ~~for~~at ~~compensation~~$.17 ~~services~~per atshare afor ~~value~~total proceeds received of $100,000.~~0501 per share.~~

AtIn ~~June~~February ~~30,~~2011 ~~2013~~ the Company ~~caused~~issued ~~the cancellation of 250~~404,~~000~~040 common shares ~~that~~pursuant ~~had~~to ~~been~~a ~~issued~~convertible ~~for~~option ~~compensation~~of ~~services 125,000 shares at~~ a ~~value~~note ofpayable ~~$.0501~~totaling ~~and 125~~$12,000 ~~shares~~ at $.050297 per share.

In ~~August~~June ~~2013~~2011 the Company issued ~~555~~200,~~556~~000 common shares ~~pursuant~~for tocompensation aservices ~~convertible~~at ~~option~~a value of ~~notes payable totaling~~ $~~20,000 at $~~.~~036~~015 per share.

In ~~March~~June ~~2014~~2011 the Company ~~authorized~~issued ~~the issuance of 450~~750,000 common shares ~~for~~pursuant ~~compensation~~to ~~services~~a atconvertible option of a ~~value~~note ofpayable totaling $10,000 at $.~~041~~013 per share.

In ~~March~~June ~~2014~~2011, the Company ~~authorized~~issued ~~the~~175,739 ~~issuance~~common shares at a value of ~~14,210,235~~$.015 ~~common~~per ~~shares~~share in exchange for ~~$397~~consulting services accrued as a liability at December 31,~~887~~ 2010 in the amount of ~~compensation~~$ ~~payable~~37,500. The difference of $34,864 has been recorded as a gain on debt settlement.

In ~~April~~May ~~2014~~2012, the Company ~~authorized~~issued ~~the issuance of 200~~3,~~000~~316,500 common shares for ~~compensation~~consulting services at a value of $.05035 per share (see Note 10).

In ~~April~~May ~~2014~~2012, the Company ~~authorized~~issued ~~the issuance of 474~~275,~~360~~000 common shares ~~pursuant~~as to a ~~convertible~~fee ~~option~~related ofto ~~notes~~financing ~~payable~~services ~~totaling~~at ~~$23,718~~a atvalue of $.050182 per share.

In ~~August~~May ~~2014,~~2012 the Company ~~authorized~~issued ~~the issuance of 221~~625,~~778~~000 common shares ~~pursuant~~for tocompensation aservices ~~convertible~~at ~~option~~a value of ~~notes payable totaling~~ $~~9,980 at $~~.~~045~~05 per share.

In ~~August~~May ~~2014~~2012 the Company ~~authorized~~issued ~~the issuance of 300~~119,~~000~~783 common shares ~~pursuant~~for tocompensation aservices ~~convertible~~at ~~option~~a value of ~~notes payable totaling~~ $~~18,000 at $~~.06045 per share.

In ~~September~~May ~~2014~~2013 the Company ~~authorized~~issued ~~the issuance of 665~~2,~~750~~600,000 common shares ~~pursuant~~as payment related to a ~~convertible~~technology ~~option~~purchase ofagreement ~~notes~~at ~~payable~~a ~~totaling~~value ~~$39,975~~of at $.060502 per share.

In ~~September~~May ~~2014,~~2013 the Company ~~authorized~~issued ~~the issuance of 641~~500,~~715~~000 common shares ~~pursuant~~for tocompensation aservices ~~convertible~~at ~~option~~a value of ~~notes payable totaling~~ $~~44,920 at $~~.070501 per share.

1113

TRANSACT ENERGY CORP.

[(A Development Stage Company])

NOTES TO FINANCIAL STATEMENTS

~~June~~(Unaudited ~~30,~~- ~~2021~~Prepared by Management)

~~(Unaudited~~September ~~– Prepared~~30, ~~by Management)~~2021

~~NOTE~~At 6June ~~– CAPITAL~~30, ~~STOCK~~2013 ~~(CONTINUED)~~the Company caused the cancellation of 250,000 shares that had been issued for compensation services 125,000 shares at a value of $.0501 and 125,000 shares at $.05.

In ~~October~~August ~~2014,~~2013 the Company ~~authorized~~issued ~~the issuance of 229~~555,~~750~~556 common shares pursuant to a ~~restricted~~convertible ~~securities~~option ~~agreement~~of notes payable totaling $5020,~~545~~000 at $0.22036 per share.

In ~~December~~March 2014, the Company authorized the issuance of ~~140~~450,000 common shares for compensation services ofat ~~$26,600~~a atvalue of $0.19041 per share.

In ~~December~~March 2014, the Company authorized the issuance of ~~233~~14,~~921~~210,235 common shares for $33397,~~333.68~~887 of compensation payable ~~at $0~~.~~1425.~~

In ~~March~~April ~~2015~~2014, the Company authorized the issuance of 99200,~~750~~000 common shares ~~pursuant~~for tocompensation aservices ~~convertible~~at ~~option~~a value of ~~notes payable totaling~~ $~~9,975 at $~~.1005 per share.

In ~~March~~April ~~2015,~~2014 the Company authorized the issuance of ~~166~~474,~~834~~360 common shares pursuant to a convertible option of notes payable totaling $2023,~~020~~718 at $.1205 per share.

In ~~March~~August ~~2015~~2014, the Company authorized the issuance of 66221,~~667~~778 common shares pursuant to a convertible option of notes payable totaling $79,~~000~~980 at $.~~1050~~045 per share.

In ~~October~~August ~~2015,~~2014 the Company authorized the issuance of ~~124~~300,~~750~~000 common shares pursuant to a convertible option of notes payable totaling $418,~~990~~000 at $.0406 per share.

In ~~November~~September ~~2015,~~2014 the Company authorized the issuance of ~~147~~665,~~725~~750 common shares pursuant to a convertible option of notes payable totaling $539,~~909~~975 at $.0406 per share.

In ~~November~~September ~~2015~~2014, the Company authorized the issuance of 73641,~~563~~715 common shares pursuant to a convertible option of notes payable totaling $544,~~885~~920 at $.0807 per share.

In ~~December~~October ~~2015~~2014, the Company authorized the issuance of ~~536~~229,~~000~~750 common shares ~~for~~pursuant ~~compensation~~to ~~payable~~a restricted securities agreement totaling $2750,~~336~~545 at $0.~~051~~22 per share.

In ~~April~~December ~~2016~~2014, the Company authorized the issuance of ~~104~~140,~~688~~000 common shares ~~pursuant~~for tocompensation aservices ~~convertible option~~ of ~~notes payable totaling~~ $826,~~375~~600 at $0.0819 per share.

In ~~June~~December ~~2016~~2014, the Company authorized the issuance of 2233,~~050,000~~921 common shares ~~pursuant~~for to$33,333.68 ~~a convertible option~~ of ~~notes~~compensation payable ~~totaling $102,500~~ at $0.~~05 per share~~1425.

In ~~August~~March ~~2016~~2015, the Company authorized the issuance of ~~142~~99,~~857~~750 common shares pursuant to a convertible option of anotes ~~note~~ payable totaling $109,~~000 at $.07per share. In the same period the Company authorized the issuance of 305,522 common shares pursuant to a convertible option a of note payable totaling $19,~~975 at $.~~06538~~10 per share.

In ~~September~~March ~~2016~~2015, the Company authorized the issuance of ~~142~~166,~~643~~834 common shares pursuant to a convertible option of notes payable totaling $920,~~985~~020 at $.0712 per share.

In ~~December~~March ~~2016~~2015, the ~~company~~Company authorized the issuance of ~~185~~66,~~249~~667 common shares pursuant to a convertible option of notes payable totaling $147,~~819.95~~000 at ~~a value of~~ $.081050 per share.

In ~~the~~October ~~same~~2015, ~~period~~ the Company authorized the issuance of ~~645~~124,~~000~~750 common shares ~~for~~pursuant ~~compensation~~to ~~services~~a convertible option of notes payable totaling $384,~~700~~990 at ~~a value of~~ $0.0604 per share.

In ~~January~~November ~~2017~~2015, the Company authorized the issuance of 89147,~~864~~725 common shares pursuant to a convertible option of notes payable totaling $25,~~489~~909 at $.~~0646per~~04 ~~share and $2500 @ $0.0487~~ per share.

1214

TRANSACT ENERGY CORP.

[(A Development Stage Company])

NOTES TO FINANCIAL STATEMENTS

~~June~~(Unaudited ~~30,~~- ~~2021~~Prepared by Management)

~~(Unaudited~~September ~~– Prepared~~30, ~~by Management)~~2021

~~NOTE~~In 6November ~~– CAPITAL~~2015, ~~STOCK~~the ~~(CONTINUED)~~Company authorized the issuance of 73,563 common shares pursuant to a convertible option of notes payable totaling $5,885 at $.08 per share.

In ~~February~~December ~~2017~~2015, the Company authorized the issuance of ~~200~~536,000 common shares ~~pursuant~~for tocompensation ~~a convertible option of notes~~ payable totaling $1027,~~000~~336 at $.05051 per share.

In ~~May~~April ~~2017~~2016, the Company authorized the issuance of ~~377~~104,~~207~~688 common shares pursuant to a convertible option of notes payable totaling $138,~~500~~375 at $0.~~0487~~08 per share ~~and $5,000 at $0~~.~~5 per share.~~

In ~~July~~June ~~2017~~2016, the Company authorized the issuance of ~~160~~2,050,000 common shares pursuant to a convertible option of anotes ~~note~~ payable totaling $8102,~~000~~500 at $0.05 per share.

In ~~September~~August ~~2017~~2016, the Company authorized the issuance of 1142,~~703,882~~857 common shares pursuant to a convertible option of ~~notes~~a note payable totaling $~~111~~10,~~990~~000 at $0.0707per ~~per~~ share,. $5In the same period the Company authorized the issuance of 305,~~000~~522 atcommon ~~$0.0782~~shares ~~and~~pursuant to a convertible option a of note payable totaling $519,~~261~~975 at $0.~~13125~~06538 per share.

In ~~October~~September ~~2017~~2016, the Company authorized the issuance of ~~327~~142,~~895~~643 common shares pursuant to a convertible option of notes payable totaling $209,~~435~~985 at $0.1207 per share~~, $20,000 at $0~~.~~1269 per share.~~

In December ~~2017~~2016, the ~~Company~~company authorized the issuance of 27185,~~297~~249 common shares pursuant to convertible option of anotes ~~note~~ payable oftotaling $614,~~006~~819.95 at a value of $0.2208 per share. ~~In the same period the~~

In the same period the Company authorized the issuance of ~~257~~645,~~027~~000 common shares for compensation services totaling $5938,~~836~~700 at a value of $0.~~2328~~06 per share.

In ~~April~~January ~~2018~~2017, the Company authorized the issuance of ~~190~~89,~~476~~864 common shares pursuant to a convertible option of notes payable totaling $102,~~000~~489 at $.0646per share and $2500 @ $0.~~0525~~0487 per share.

In ~~May~~February ~~2018~~2017, the Company authorized the issuance of 1200,000~~,000~~ common shares pursuant to a ~~partial~~convertible ~~payment~~option ~~for~~of anotes ~~land~~payable ~~acquisition~~totaling ~~agreement in the amount of~~ $9010,000 at $0.0905 per share ~~and 250,000 common shares pursuant to a compensation agreement at $0~~.~~09 per share.~~

In ~~July~~May ~~2018~~2017, the Company authorized the issuance of 47377,~~421~~207 common shares pursuant to convertible option of notes payable totaling $413,~~965~~500 at $0.~~1047~~0487 per share and $5,000 at $0.5 per share.

In ~~November~~July ~~2018~~2017, the Company authorized the issuance of ~~459~~160,~~627~~000 common shares pursuant to convertible option of ~~notes~~a note payable totaling $108,000 at $0.~~0575~~05 ~~and $20,000 at $0.07~~ per share ~~respectively~~.

In ~~December~~September ~~2018~~2017, the Company authorized the issuance of ~~131~~1,~~355~~703,882 common shares pursuant to convertible option of anotes ~~note and interest~~ payable totaling $13111,~~135.51~~990 at $0.1007 per share., ~~In the same period the Company authorized the issuance of 723~~$5,~~552~~000 ~~common~~at ~~shares~~$0.0782 ~~for~~and ~~compensation services totaling~~ $575,~~884~~261 at ~~a value of~~ $0.0813125 per share.

In ~~January~~October ~~2019~~2017, the Company authorized the issuance of ~~106~~327,~~985~~895 common shares pursuant to convertible option of notes payable totaling $720,~~275~~435 at $0.~~068~~12 per share, ~~respectively~~$20,000 at $0.1269 per share.

In ~~June~~December ~~2019~~2017, ~~The~~the Company authorized the issuance of ~~200~~27,~~000~~297 common shares pursuant to a convertible option of a note payable ~~totaling~~of $106,~~000~~006 at $0.0522 per share~~, respectively~~. In the same period the

~~In July 2019, The~~ Company authorized the issuance of ~~200~~257,~~000~~027 common shares ~~pursuant~~for tocompensation aservices ~~convertible~~totaling ~~option~~$59,836 ofat a ~~note~~value ~~payable~~of ~~totaling~~ $~~10,000 at $~~0.052328 per share ~~respectively~~.

In ~~September~~April ~~2019~~2018, ~~The~~the Company authorized the issuance of ~~222~~190,~~222~~476 common shares pursuant to a convertible option of anotes ~~note~~ payable totaling $10,000 at $0.~~045~~0525 per share ~~respectively~~.

1315

TRANSACT ENERGY CORP.

[(A Development Stage Company])

NOTES TO FINANCIAL STATEMENTS

~~June~~(Unaudited ~~30,~~- ~~2021~~Prepared by Management)

~~(Unaudited~~September ~~– Prepared~~30, ~~by Management)~~2021

~~NOTE~~In 6May ~~– CAPITAL~~2018, ~~STOCK~~the ~~(CONTINUED)~~Company authorized the issuance of 1,000,000 common shares pursuant to a partial payment for a land acquisition agreement in the amount of $90,000 at $0.09 per share and 250,000 common shares pursuant to a compensation agreement at $0.09 per share.

In ~~April~~July ~~2020~~2018, the Company authorized the issuance of ~~839~~47,~~286~~421 common shares pursuant to convertible option of anotes ~~note~~payable ~~$10,000 at $0.08 per share and $10,000 at $0.014 per share. In the same period the Company authorized the issuance of 556,471 common shares for 2019 director compensation services~~ totaling $554,~~647~~965 at ~~a value of~~ $0.101047 per share.

In ~~February~~November ~~2021~~2018, the Company authorized the issuance of ~~901~~459,~~995~~627 common shares pursuant to convertible option of notes ~~$15,000~~payable attotaling $0.10, ~~$10,~~000 at $0.~~04,~~0575 ~~$2,500 at $0.05~~ and $1520,000 at $0.0407 per share respectively.

~~NOTE~~In 7December ~~– GOING~~2018, ~~CONCERN~~the Company authorized the issuance of 131,355 common shares pursuant to convertible option of a note and interest payable totaling $13,135.51 at $0.10 per share. In the same period the Company authorized the issuance of 723,552 common shares for compensation services totaling $57,884 at a value of $0.08 per share.

~~The~~In ~~accompanying~~January ~~financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America~~2019, ~~which contemplate continuation of~~ the Company asauthorized ~~a going concern. However,~~ the ~~Company~~issuance ~~has a working capital deficit and has incurred losses since its inception. These factors raise substantial doubt about the ability~~ of ~~the Company to continue as a going concern. In this regard~~106,985 ~~management~~common isshares ~~proposing~~pursuant to ~~raise~~convertible ~~any~~option ~~necessary additional funds not provided by operations through loans and/or through additional sales~~ of ~~its~~notes ~~common~~payable ~~stock.~~totaling ~~There~~$7,275 isat ~~no assurance that the Company will be successful in raising this additional capital or in achieving profitable operations~~$0.068 ~~The~~per ~~financial~~share, ~~statements do not include any adjustments that might result from the outcome of these uncertainties~~respectively.

~~NOTE~~In 8June -2019, ~~RELATED~~The ~~PARTY~~Company ~~TRANSACTIONS~~authorized the issuance of 200,000 common shares pursuant to a convertible option of a note payable totaling $10,000 at $0.05 per share, respectively.

~~Management~~In ~~Compensation~~July –2019, The Company ~~has~~authorized ~~accrued~~the ~~executive~~issuance ~~compensation~~ of $2200,~~665,256~~000 tocommon ~~the~~shares ~~CEO~~pursuant ~~and~~to ~~President~~a ofconvertible ~~the~~option ~~Company~~of ~~from~~a ~~inception~~note topayable ~~the~~totaling ~~period ended June 30~~$10,000 ~~2021~~at ~~(See~~$0.05 ~~Note~~per ~~10)~~share respectively.

In September 2019, The Company ~~has~~authorized ~~accrued~~the ~~executive~~issuance ~~compensation~~ of ~~$229~~222,~~866~~222 tocommon ~~the~~shares ~~Chief~~pursuant ~~People~~to ~~Officer~~a ofconvertible ~~the~~option ~~Company~~of toa ~~the~~note ~~period~~payable ~~ended~~totaling ~~December 31~~$10,000 ~~2020~~at ~~(See~~$0.045 ~~Note~~per ~~10)~~share respectively.

~~The~~In April 2020, the Company ~~has~~authorized ~~accrued~~the ~~executive~~issuance ~~compensation~~of 839,286 common shares pursuant to convertible option of a note $~~115~~10,~~601~~000 toat ~~the~~$0.08 ~~SVP~~per ~~Technology~~share ofand $10,000 at $0.014 per share. In the same period the Company toauthorized the ~~period~~issuance ~~ended~~of ~~April~~556,471 1common shares for 2019 director compensation services totaling $55,647 ~~2016~~at ~~(See~~a ~~Note~~value of $0.10) per share.

~~The~~In ~~Company~~February ~~has~~2021, ~~accrued~~the ~~executive~~Company ~~compensation~~authorized ~~of $181,700 to~~ the ~~SVP~~issuance of ~~Real~~901,995 ~~Estate~~common ~~and~~shares ~~Project~~pursuant ~~Development~~to ofconvertible ~~the~~option ~~Company~~of ~~after~~notes ~~entering~~$15,000 aat ~~Release~~$0.10, ~~and~~$10,000 ~~Settlement~~at ~~terminating~~$0.04, ~~their~~$2,500 ~~Employment~~at ~~Contract~~$0.05 toand ~~the period ended December 31~~$15,000 ~~2020~~at ~~(See~~$0.04 ~~Note~~per ~~10)~~share.

~~The~~NOTE ~~Company~~7 ~~has~~- ~~accrued~~GOING ~~executive compensation of $63,101 to the Directors of the Company and its subsidiaries to the period ended December 31, 2020 (See Note 10)~~CONCERN

~~NOTE~~The 9accompanying -financial ~~LOSS~~statements ~~PER~~have ~~SHARE~~been prepared in conformity with accounting principles generally accepted in the United States of America, which contemplate continuation of the Company as a going concern. However, the Company has a working capital deficit and has incurred losses since its inception. These factors raise substantial doubt about the ability of the Company to continue as a going concern. In this regard, management is proposing to raise any necessary additional funds not provided by operations through loans and/or through additional sales of its common stock. There is no assurance that the Company will be successful in raising this additional capital or in achieving profitable operations. The financial statements do not include any adjustments that might result from the outcome of these uncertainties.

~~The~~NOTE ~~following~~8 ~~data~~- ~~shows~~RELATED ~~the~~PARTY ~~amounts used in computing loss per share for the periods presented:~~ TRANSACTIONS

		Three months ends June 30, 2021		Six months ends June 30, 2021		Three months ends June 30, 2020		Six months ends June 30, 2020
Loss available to common shareholders (numerator)	$	(471,811)	$	(941,082)	$	(587,809)	$	(779,306)
Weighted average number of common shares outstanding during the period used in loss per share (denominator)		61,436,554		61,436,554		59,846,978		59,846,978

Management Compensation - The Company has accrued executive compensation of $2,737,627 to the CEO and President of the Company from inception to the period ended September 30, 2021 (See Note 10).

~~Dilutive~~The ~~loss~~Company ~~per~~has ~~share~~accrued ~~not~~executive ~~presented;~~compensation of $229,866 to the Chief People Officer of the Company ~~had~~to nothe ~~common~~period ~~equivalent~~ended December 31, 2020 (See Note 10).

~~Shares for periods presented that would affect computation of diluted loss per share.~~16

14TRANSACT ENERGY CORP.

~~TRANSACT~~(A ~~ENERGY~~Development ~~CORP.~~Stage Company)

[ANOTES ~~Development~~TO ~~Stage~~FINANCIAL ~~Company]~~STATEMENTS

~~FINANCIAL~~(Unaudited ~~STATEMENTS~~- Prepared by Management)

~~June~~September 30, 2021

~~(Unaudited~~The ~~– Prepared~~Company byhas ~~Management~~accrued executive compensation of $115,601 to the SVP Technology of the Company to the period ended April 1, 2016 (See Note 10).

~~NOTE~~The 10Company ~~– COMMITMENTS~~has ~~AND~~accrued ~~CONTINGENCIES~~executive compensation of $181,700 to the SVP of Real Estate and Project Development of the Company after entering a Release and Settlement terminating their Employment Contract to the period ended December 31, 2020 (See Note 10)

~~Compensation agreement –~~ The ~~President~~Company ~~and~~has ~~Chief~~accrued ~~Executive~~executive ~~Officer~~compensation ~~agreement pays an annual base salary~~ of $~~303~~63,~~277,~~101 ~~with~~to athe ~~cash~~Directors ~~bonus annually based on 5%~~ of ~~EBITDA and a stock bonus formulated around~~ the ~~return~~Company ~~on invested capital where the issued~~ and ~~outstanding~~its ~~stock~~subsidiaries ofto the ~~Company~~period ~~times~~ended ~~the~~December ~~rate~~31, of2020 ~~return~~(See ~~divided~~Note ~~by ten will equate to the stock issued.~~10)

~~Compensation~~NOTE ~~agreement~~9 –- ~~The~~LOSS ~~Senior~~PER Vice President of Technology agreement pays an annual base salary of $100,000 Starting June 2013, with a cash bonus annually based on 0.25% of EBITDA and a stock bonus formulated around the return on invested capital where the issued and outstanding stock of the Company times the rate of return divided by forty will equate to the stock issued. This contract was terminated effective April 1, 2016.SHARE

~~Consulting~~The ~~Agreement-On~~following ~~May~~data 3,shows ~~2012,~~ the ~~company~~amounts entered into an agreement whereby 3,015,000 free trading shares are to be issued in exchange for a $20,000 advance to the Company and the settlement of any and all obligations given to the parties of the agreement. These shares are intended to be sold to cover their costs including the advances and any balance of these shares not used in ~~settlement~~computing ~~would~~loss beper ~~used~~share tofor ~~raise capital and split evenly between~~ the ~~parties.~~periods presented:

To facilitate the terms of this agreement the Company by way of special resolution identified certain shareholders of the Company that had enough unrestricted common shares and agreed to replace the unrestricted shares with restricted common shares plus an incentive of an additional 10% of bonus shares. In May 30, 2012 the Company issued 3,316,500 common shares, including 301,500 bonus shares, valued at $.036 per share. In June 2014, the company returned the original $20,000, the shares remain outstanding.

	Three months ended September 30, 2021		Nine months ended September 30, 2021		Three months ended September 30, 2020		Nine months ended September 30, 2020

Loss available to common shareholders (numerator)	$	(471,811)	$	(941,082)	$	(474,655)	$	(1,571,819)
Weighted average number of common shares outstanding during the period used in loss per share (denominator)		61,502,051		61,502,051		60,143,102		60,143,102

~~Loan~~Dilutive ~~Agreement-Pursuant~~loss toper anshare ~~Agreement~~not ~~on June 28th, 2012 that was extended to August 31, 2012 and then on Aug 30th, 2012 to November 15th, 2012 and was extended to May 15, 2014~~presented; ~~where originally on May 11, 2012~~ the Company ~~arranged for 3,005,000 free trading shares to be placed as additional security for a $100,000 loan as a retainer for a financing of 100 million dollars. The Company~~ had ano ~~Memorandum~~common of Understanding to receive one third or 30 million dollars of this financing. The financing was not completed. If these shares are used to repay the loan the Company will have to issue the shares used plus 10% additional shares to the contributing shareholders and expense whatever shares used as financing costs. The shares remain outstanding. equivalent

~~Share-purchase~~Shares ~~Agreement – On January 30, 2014 the Company entered a share-purchase agreement~~ for ~~shares~~periods inpresented ~~a proposed subsidiary~~ that would ~~own~~affect ~~and~~computation ~~operate a zero-emissions waste optimization plant (Z.E.W.O.P.TM) in Puebla, Mexico. The Purchaser advanced $300,000~~ of ~~the~~diluted ~~proposed~~loss ~~30%~~per ~~of CAPEX to the Company. The Company formed the subsidiary in question Puebla ZEWOP 1. The Puebla ZEWOP 1~~ share ~~purchase agreement was not updated, and the terms of the original agreement have not been fulfilled by the consortium resulting in the termination of the same~~. ~~The Company has a receivable due from the subsidiary at March 31, 2016 of $96,755.~~

~~Consulting~~NOTE Agreement-On August 20th, 2014, the company entered into an Engineering Services Agreement to facilitate the design/build of the proprietary reactors for the Zero Emissions Waste Optimization Plant. The estimated cost of the contract is $450,000 over 12 months, out of pocket reimbursements, cost plus 10% on- ~~all~~COMMITMENTS ~~material~~AND and outside labor and a stock bonus of 250,000 common shares upon completion of the scope of work. This agreement will be amended to reflect the new location of the plant. All amounts under the agreement are current. CONTINGENCIES

~~Subscription~~Compensation ~~Agreement~~agreement - Pursuant to an Agreement on September 27th, 2014 the company agreed to sell restricted securities of the Company in the form of common stock upon receipt of three tranches of capital equaling $1,200,000 each. The ~~common~~President ~~stock was to be sold for $0.50 for the first tranche of 2,400,000 shares~~ and ~~was~~Chief ~~due~~Executive inOfficer ~~the~~agreement ~~week~~pays ofan ~~September~~annual ~~28,~~base ~~2014,~~salary ~~$1.00 for the second tranche~~ of 1$303,~~200~~277,~~000~~ ~~shares~~with ~~and~~a ~~was~~cash ~~due~~bonus inannually ~~the~~based ~~week of March 1, 2015, $1.50 for the third tranche of 800,000 shares due~~ on ~~August~~5% ~~2nd, 2015. February 2015 the subscribers~~ of ~~$3.6~~EBITDA ~~Million~~and ~~dollars~~a ~~of our common~~ stock ~~advised~~bonus usformulated ~~they~~around ~~would be unable to fulfill their commitment under~~ the ~~restricted~~return ~~securities~~on ~~agreement.~~invested Wecapital ~~have~~where ~~received~~ the ~~same~~issued ~~in writing~~ and ~~agreed~~outstanding tostock ~~a settlement with the parties involved where they purchase 526,316 common shares @ $0.19. To date $12,440 has been received~~ of the ~~agreed~~Company ~~$100,000.~~times ~~Under~~ the ~~terms~~rate of ~~the~~return ~~agreement~~divided ~~the~~by ~~funds~~ten ~~received~~will upequate to ~~December 2015 were treated as forfeited and~~ the ~~settlement~~stock ~~agreement terminated~~issued.

15Compensation agreement - The Senior Vice President of Technology agreement pays an annual base salary of $100,000 Starting June 2013, with a cash bonus annually based on 0.25% of EBITDA and a stock bonus formulated around the return on invested capital where the issued and outstanding stock of the Company times the rate of return divided by forty will equate to the stock issued. This contract was terminated effective April 1, 2016.

~~TRANSACT~~Consulting ~~ENERGY~~Agreement ~~CORP~~- On May 3, 2012, the company entered into an agreement whereby 3,015,000 free trading shares are to be issued in exchange for a $20,000 advance to the Company and the settlement of any and all obligations given to the parties of the agreement. These shares are intended to be sold to cover their costs including the advances and any balance of these shares not used in settlement would be used to raise capital and split evenly between the parties.

[ATo ~~Development~~facilitate ~~Stage~~the terms of this agreement the Company] by way of special resolution identified certain shareholders of the Company that had enough unrestricted common shares and agreed to replace the unrestricted shares with restricted common shares plus an incentive of an additional 10% of bonus shares. In May 30, 2012 the Company issued 3,316,500 common shares, including 301,500 bonus shares, valued at $.036 per share. In June 2014, the company returned the original $20,000, the shares remain outstanding.

~~FINANCIAL~~Loan ~~STATEMENTS~~Agreement - Pursuant to an Agreement on June 28th, 2012 that was extended to August 31, 2012 and then on Aug 30th, 2012 to November 15th, 2012 and was extended to May 15, 2014; where originally on May 11, 2012 the Company arranged for 3,005,000 free trading shares to be placed as additional security for a $100,000 loan as a

~~June 30, 2021~~17

~~(Unaudited~~TRANSACT ~~– Prepared~~ENERGY ~~by Management)~~CORP.

~~NOTE~~(A 10Development ~~– COMMITMENTS~~Stage ~~AND CONTINGENCIES (CONTINUED~~Company)

~~Consulting~~NOTES ~~Agreement~~TO ~~– On~~FINANCIAL June 1, 2017, the Company through its subsidiary Transact Energy Mexico S de R.L. de C. V. contracted with a private consultant to secure a binding Waste Management Agreement with the Municipality of Zapopan. The agreement pays $30 Million pesos (approximately $1.47 Million USD) as a success fee only. This group is responsible for helping us secure the September 13, 2017 waste supply agreement in Guadalajara. Once this plant is approved the fee is due. STATEMENTS

Waste Supply and Disposal Agreement- On September 13, 2017 the Company through its subsidiary Puebla Z.E.W.O.P. 1, S.de R.L. de C.V. contracted with Hasars, S.A. de C.V. to purchase four-hundred and eighty-one thousand, eight hundred (~~481,800)~~Unaudited ~~metric tons (MT) per year at a cost of $180 Mexican Pesos per MT or approximately $2 Million USD per annum. The contract is for a ten~~-~~year~~ ~~period~~Prepared ~~initially~~by ~~and conditional on us producing a certified operational ZEWOPTM.~~Management)

~~Land~~September ~~Purchase Agreement – On October 25th~~30, 2017 the Company through its subsidiary Puebla Z.E.W.O.P. 1, S.de R.L. de C.V. entered into a land purchase agreement for 18.42 hectares of industrial use land in El Salto, Jalisco, Mexico. In May 2019 we renewed negotiations through TransAct Energy Mexico for the lands revised at 19.57 hectares and a price of approximately $10,423,75. The deal is pending title insurance and the title preparation. The $90,000 deposit paid with stock may be reclaimed and settled with cash. On January 7th, 2021, the Company through its subsidiary TransAct Energy Mexico S. de·R.L. de C.V. modified the agreement to a Lease Purchase Agreement for the 19.57-hectare lands in El Salto, Jalisco, Mexico at 403,000 Mexican Pesos (Approx. $20,000) per month for up to 2 years with all payments contributing to the purchase starting March 1st, 2021.

~~Consulting~~retainer ~~Agreement – On November 27, 2017, the Company agreed to engage the services of Ericho Communications Ltd~~ for a ~~one-year~~financing ~~term~~of ~~starting~~100 ~~February~~million ~~1, 2018~~dollars. The ~~company~~Company ishad ~~obligated to~~ a ~~monthly~~Memorandum ~~fee~~ of ~~$20,000~~Understanding ~~USD during the term. The Company with Ericho agreed~~ to ~~postpone~~receive ~~the~~one ~~agreement~~third ~~temporarily,~~or ~~currently~~30 ~~the~~million ~~Company~~dollars ~~has~~of ~~accrued $60,000 in fees under~~ this ~~agreement~~financing. toThe ~~the~~financing ~~end~~was ofnot ~~December 31, 2018~~completed.

~~Consulting~~If ~~Agreement~~these ~~– On~~shares ~~December~~are 1,used ~~2017,~~to repay the ~~Company~~loan ~~contracted~~the ~~with~~Company awill ~~private~~have ~~consultant~~ to ~~secure~~issue athe ~~binding~~shares ~~Waste~~used ~~Management~~plus ~~Agreement~~10% ~~within~~additional ~~the~~shares ~~State~~to ofthe ~~Rio~~contributing deshareholders ~~Janeiro.~~and ~~The~~expense ~~agreement~~whatever ~~pays~~shares ~~$4,875,000~~used ~~Reais~~as ~~(approximately~~financing $1costs.53 ~~Million~~The ~~USD)~~shares asremain ~~a success fee only~~outstanding.

~~Consulting~~Share-purchase Agreement – - On ~~February~~January 130, ~~2018~~2014 the Company ~~through~~entered ~~its~~a share-purchase agreement for shares in a proposed subsidiary ~~Puebla~~that would own and operate a zero-emissions waste optimization plant (Z.E.W.O.P.TM) 1in Puebla, SMexico.de ~~R.L.~~The dePurchaser ~~C.V.~~advanced ~~contracted~~$300,000 ~~with~~of anthe ~~Engineering~~proposed ~~firm~~30% of CAPEX to ~~review~~the Company. The Company formed the Elsubsidiary ~~Salto~~in ~~lands~~question ~~described~~Puebla ~~above~~ZEWOP 1. The Puebla ZEWOP 1 share purchase agreement ~~pays~~was not updated, and the ~~equivalent~~terms of ~~$5,000~~the ~~dollars~~original asagreement ahave ~~fee~~not been fulfilled by the consortium resulting in the termination of the same. The Company ~~provided~~has ~~1/3~~a asreceivable adue ~~deposit~~from the ~~balance~~subsidiary isat ~~now~~March ~~due.~~31, 2016 of $96,755.

~~Compensation~~Consulting ~~agreement~~Agreement –- On ~~April~~August 120th, ~~2018~~2014, the ~~Company~~company ~~contracted~~entered ~~for~~into aan ~~Senior~~Engineering ~~Vice~~Services ~~President~~Agreement to facilitate the design/build of ~~Real~~the ~~Estate~~proprietary ~~and~~reactors ~~Project~~for ~~Development.~~the ~~The~~Zero ~~Agreement~~Emissions ~~pays~~Waste anOptimization ~~annual~~Plant. ~~base~~The ~~salary~~estimated cost of the contract is $~~185~~450,000 ~~with~~over a12 ~~COLI.~~months, ~~Starting~~out ~~April~~of ~~2018~~pocket reimbursements, ~~with~~cost aplus ~~performance~~10% ~~bonus~~on ~~annually~~all ofmaterial upand tooutside ~~50%~~labor ofand ~~their~~a ~~salary~~stock ~~based~~bonus onof ~~delivering~~250,000 ~~ZEWOPTM~~common ~~projects~~shares ~~undertaken~~upon oncompletion ~~time,~~of ~~budget~~the ~~and~~scope of ~~expected~~work. ~~quality~~This asagreement ~~per~~will ~~set~~be ~~formulas.~~amended ~~The~~to ~~contract~~reflect ~~has~~the ~~now~~new ~~been~~location ~~settled~~of ~~and~~the ~~both~~plant. All ~~parties~~amounts ~~released~~under ~~pending~~the ~~receipt~~agreement ofare ~~long term financing~~current.

~~Accounting~~Subscription ~~Engagement~~Agreement ~~– On~~- ~~June~~Pursuant ~~13,~~to ~~2018~~an Agreement on September 27th, 2014 the company agreed to sell restricted securities of the Company ~~engaged~~in ~~Piercy~~the ~~Bowler~~form ~~Taylor~~of &common ~~Kern,~~stock ~~certified~~upon ~~public~~receipt ~~accountants~~of three tranches of ~~Las~~capital ~~Vegas~~equaling ~~Nevada~~$1,200,000 each. The common stock was to ~~prepare~~be ~~the~~sold ~~2012~~for ~~through~~$0.50 ~~2017~~for ~~financial~~the ~~statements~~first tranche of 2,400,000 shares and was due in the ~~company~~week of September 28, 2014, $1.00 for ~~audit~~the second tranche of 1,200,000 shares and ~~subsequently~~was ~~refiling~~due ~~with~~in the ~~Securities~~week ~~and~~of ~~Exchange~~March ~~Commission~~1, 2015, $1.50 ~~Further~~for ~~they~~the ~~are~~third ~~engaged~~tranche toof ~~complete~~800,000 ~~all~~shares ~~outstanding~~due ~~tax~~on ~~returns~~August 2nd, 2015. February 2015 the subscribers of $3.6 Million dollars of our common stock advised us they would be unable to fulfill their commitment under the USrestricted ~~Internal~~securities ~~Revenue~~agreement. ~~Service~~We have received the same in writing and agreed to ~~act~~a assettlement ~~our~~with USthe ~~accountants~~parties oninvolved anwhere ~~ongoing~~they ~~basis~~purchase 526,316 common shares @ $0.19. ~~The~~To ~~engagement~~date ~~requires~~$12,440 anhas ~~engagement~~been ~~fee~~received of the agreed $5100,000. ~~before~~Under ~~work~~the ~~starts.~~terms of the agreement the funds received up to December 2015 were treated as forfeited and the settlement agreement terminated.

~~Appraisal~~Consulting ~~Engagement~~Agreement – - On June ~~13th~~1, ~~2018~~2017, the Company ~~engaged~~through onits ~~behalf~~subsidiary ofTransact ~~TransAct~~Energy Mexico ~~CBRE~~ S de R.AL. de C. V. contracted with a private consultant to ~~appraise~~secure a binding Waste Management Agreement with the 18Municipality of Zapopan.~~42-hectare~~ ~~industrial~~The ~~site~~agreement inpays El$30 ~~Salto,~~Million ~~Mexico~~pesos (approximately $1.47 ~~The~~Million ~~fee~~USD) toas ~~receive~~a ~~the~~success ~~appraisal~~fee only. This group is ~~outstanding~~responsible atfor $8helping us secure the September 13,~~500~~ ~~USD~~2017 waste supply agreement in Guadalajara. Once this plant is approved the fee is due.

~~Sale~~Waste ofSupply ~~ZEWOPtm~~and ~~Technology~~Disposal – Agreement - On ~~December~~September 3113, ~~2018,~~2017 asthe ~~part~~Company ofthrough its ~~long-term~~subsidiary ~~global~~Puebla ~~tax~~Z.E.W.O.P. ~~strategy~~1, ~~Transact~~S.de ~~Energy~~R.L. ~~Corp~~de ~~sold~~C.V. ~~all~~contracted ~~rights~~with toHasars, ~~its~~S.A. ~~Zero~~de ~~Emissions~~C.V. ~~Waste~~to ~~Optimization~~purchase ~~Plant~~four-hundred ~~technology~~and toeighty-one ~~its~~thousand, ~~wholly~~eight ~~owned~~hundred ~~subsidiary~~(481,800) ~~TransAct~~metric ~~Energy~~tons ~~Global~~(MT) ~~Limited~~per ~~for~~year ~~the~~at ~~sum~~a cost of $20180 ~~Million~~Mexican ~~USD.~~Pesos ~~The~~per ~~Company~~MT ~~will~~or ~~receive~~approximately ~~an initial payment of~~ $2 Million USD onper orannum. ~~before~~The ~~April~~contract ~~11th,~~is ~~2019,~~for ~~and~~a ~~then~~ten-year $6period ~~Million~~initially ~~each over the years 2019, 2020~~ and ~~2021.~~conditional ~~TransAct~~on ~~Energy~~us ~~Global~~producing ~~Limited~~a ~~will~~certified beoperational ~~responsible for disseminating the technology globally~~ZEWOPTM. ~~No payments to date.~~

16Land Purchase Agreement - On October 25th, 2017 the Company through its subsidiary Puebla Z.E.W.O.P. 1, S.de R.L. de C.V. entered into a land purchase agreement for 18.42 hectares of industrial use land in El Salto, Jalisco, Mexico. In May 2019 we renewed negotiations through TransAct Energy Mexico for the lands revised at 19.57 hectares and a price of approximately $10,423,75. The deal is pending title insurance and the title preparation. The $90,000 deposit paid with stock may be reclaimed and settled with cash. On January 7th, 2021, the Company through its subsidiary TransAct Energy Mexico S. de R.L. de C.V. modified the agreement to a Lease Purchase Agreement for the 19.57-hectare lands in El Salto, Jalisco, Mexico at 403,000 Mexican Pesos (Approx. $20,000) per month for up to 2 years with all payments contributing to the purchase starting March 1st, 2021.

~~TRANSACT ENERGY CORP.~~18

[ATRANSACT ~~Development~~ENERGY ~~Stage Company]~~CORP.

~~FINANCIAL~~(A ~~STATEMENTS~~Development Stage Company)

~~June~~NOTES ~~30,~~TO ~~2021~~FINANCIAL STATEMENTS

(Unaudited – - Prepared by Management)

~~NOTE~~September 1030, ~~– COMMITMENTS AND CONTINGENCIES (CONTINUED)~~2021

~~Compensation~~Consulting ~~agreement~~Agreement –- On ~~September~~November 127, ~~2018~~2017, the Company ~~contracted~~agreed to engage the services of Ericho Communications Ltd for a ~~Chief~~one-year ~~People~~term ~~Officer~~starting February 1, 2018. The ~~Agreement~~company ~~pays~~is anobligated ~~annual~~to ~~base~~a ~~salary~~monthly fee of $~~275~~20,~~838~~000 ~~(250K~~USD ~~Euro)~~during ~~starting~~the ~~September~~term. ~~2019,~~The Company with ~~bonus~~Ericho ~~provisions~~agreed ifto ~~performance~~postpone ~~expectations~~the ~~met.~~agreement ~~Suspended~~temporarily, ~~June~~currently the Company has accrued $60,000 in fees under this agreement to the end of December 31, 2018.

~~Preferred~~Consulting ~~Vendor~~ Agreement - On December 311, ~~2020~~2017, the Company ~~entered~~contracted ~~a Preferred Supplier Agreement~~ with ~~Covarrubia~~a ~~Engineering.~~private ~~The~~consultant ~~Agreement provides for them~~ to besecure ~~awarded~~a ~~the~~binding ~~engineering,~~Waste ~~procurement,~~Management ~~and~~Agreement ~~construction~~within ~~(EPC) contract for~~ the ~~Companies~~State ~~intended~~of ~~manufacturing~~Rio ~~facilities~~de ~~planned over the next five years provided they are competitive in the tender process~~Janeiro. ~~They~~The inagreement ~~turn~~pays ~~agreed~~$4,875,000 toReais ~~lend~~(approximately ~~the Company~~ $141.53 Million ~~for~~USD) ~~two~~as ~~years~~a atsuccess ~~2.65%~~fee ~~on or before April 30th, 2021~~only. ~~This remains outstanding.~~

~~NOTE~~Consulting 11Agreement ~~– SUBSEQUENT~~- ~~EVENTS~~On February 1, 2018 the Company through its subsidiary Puebla Z.E.W.O.P. 1, S.de R.L. de C.V. contracted with an Engineering firm to review the El Salto lands described above. The agreement pays the equivalent of $5,000 dollars as a fee. The Company provided 1/3 as a deposit the balance is now due.

~~None~~Compensation agreement - On April 1, 2018 the Company contracted for a Senior Vice President of Real Estate and Project Development. The Agreement pays an annual base salary of $185,000 with a COLI. Starting April 2018, with a performance bonus annually of up to 50% of their salary based on delivering ZEWOPTM projects undertaken on time, budget and of expected quality as per set formulas. The contract has now been settled and both parties released pending receipt of long term financing.

17Accounting Engagement - On June 13, 2018, the Company engaged Piercy Bowler Taylor & Kern, certified public accountants of Las Vegas Nevada to prepare the 2012 through 2017 financial statements of the company for audit and subsequently refiling with the Securities and Exchange Commission. Further they are engaged to complete all outstanding tax returns to the US Internal Revenue Service and to act as our US accountants on an ongoing basis. The engagement requires an engagement fee of $5,000 before work starts.

~~ITEM~~Appraisal 2Engagement - On June 13th, 2018, the Company engaged on behalf of TransAct Mexico CBRE S.A. ~~PLAN~~de OFC.V. ~~OPERATIONS~~to appraise the 18.42-hectare industrial site in El Salto, Mexico. The fee to receive the appraisal is outstanding at $8,500 USD.

~~MANAGEMENT’S~~Sale ~~DISCUSSION~~of ~~AND~~ZEWOPtm ~~ANALYSIS~~Technology OF- ~~FINANCIAL~~On ~~CONDITION~~December ~~AND~~31, ~~RESULTS~~2018, OFas ~~OPERATIONS~~part of its long-term global tax strategy Transact Energy Corp sold all rights to its Zero Emissions Waste Optimization Plant technology to its wholly owned subsidiary TransAct Energy Global Limited for the sum of $20 Million USD. The Company will receive an initial payment of $2 Million USD on or before April 11th, 2019, and then $6 Million each over the years 2019, 2020 and 2021. TransAct Energy Global Limited will be responsible for disseminating the technology globally. No payments to date.

~~FORWARD~~Compensation agreement -~~LOOKING~~ ~~STATEMENT~~On ~~NOTICE~~September 1, 2018 the Company contracted for a Chief People Officer. The Agreement pays an annual base salary of $275,838 (250K Euro) starting September 2019, with bonus provisions if performance expectations met. Suspended June.

~~This~~Preferred ~~Form~~Vendor 10Agreement -Q ~~contains~~On ~~certain~~December ~~forward-looking~~31, ~~statements~~2020, ~~within~~ the ~~meaning~~Company ofentered ~~the~~a ~~Private~~Preferred ~~Securities~~Supplier ~~Litigation~~Agreement ~~Reform~~with ~~Act~~Covarrubia ~~of 1995~~Engineering. ~~For~~The ~~this~~Agreement ~~purpose,~~provides ~~any~~for ~~statements~~them ~~contained in this Form 10-Q that are not statements of historical fact may be deemed~~ to be ~~forward-looking~~awarded ~~statements. Without limiting~~ the ~~foregoing~~engineering, ~~words such as “may~~procurement,” ~~“will,”~~and ~~“expect,”~~construction ~~“believe,”~~(EPC) ~~“anticipate,”~~contract ~~“estimate”~~for orthe ~~“continue”~~Companies ~~or comparable terminology are~~ intended tomanufacturing ~~identify~~facilities ~~forward-looking~~planned ~~statements.~~over ~~These~~the ~~statements~~next byfive ~~their~~years ~~nature~~provided ~~involve~~they ~~substantial risks and uncertainties, and actual results may differ materially depending on a variety of factors, many of which~~ are ~~not~~competitive ~~within~~in ~~our~~the ~~control~~tender process. ~~These~~They ~~factors~~in ~~include~~turn ~~but~~agreed ~~are not limited~~ to ~~economic~~lend ~~conditions~~the ~~generally~~Company ~~and~~$14 inMillion ~~the~~for ~~industries~~two inyears ~~which~~at we2.65% ~~may~~on ~~participate;~~or ~~competition~~before ~~within~~April ~~our chosen industry~~30th, ~~including~~2021. ~~competition~~This ~~from~~remains ~~much larger competitors; technological advances and failure to successfully develop business relationships~~outstanding.

~~OUR~~NOTE ~~BUSINESS~~11 - SUBSEQUENT EVENTS

~~Our business is using sustainable energy in emissions-free processing of municipal solid waste into globally traded commodities.~~ None

We formed TransAct Energy Corp. as a Nevada corporation on March 15, 2006. Although our original business plan called for the securing and managing of any energy leasehold, the Company focused on securing producing and non-producing oil and gas leases in Alberta, Canada. On September 7, 2006, we acquired a one hundred percent (100%) interest in a Petroleum and Natural Gas Lease, from the province of Alberta, Canada for twelve thousand and fifty-one dollars ($12,051), the MedHat Project. We did not develop this resource. We looked to expand our holdings in Alberta through acquisitions and joint ventures for the following two years. We have since allowed this lease to lapse and moved away from this focus.19

InITEM ~~2008, the Company was introduced to Dr~~2. ~~Mory~~PLAN ~~Ghomshei~~OF one of the world’s leading geothermal experts and two of his geothermal power projects in British Columbia, Canada. We worked with companies Aqua Terra Power and Aqua Terra Geothermal through the balance of 2009 on the two geothermal power projects in British Columbia. Other than lending Aqua Terra funds no formal arrangement was entered pending them securing drill permits on the two projects. OPERATIONS

~~These~~MANAGEMENT’S ~~licenses~~DISCUSSION ~~lapsed~~AND ~~under~~ANALYSIS their original owners and were re-posted by the government for public tender; an Ontario corporation associated with Dr. Ghomshei acquired most of the original licenses and has received drilling permits. We entered discussions with this entity in the latter half of 2011 to form a Farm-in relationship. We have put these discussions on hold pending the completion of our first waste optimization plant although we are maintaining dialogue with Dr. Ghomshei as it relates to utilizing Geothermal in the plants themselves.OF

~~TransAct~~FINANCIAL inCONDITION ~~mid-2009~~AND ~~started~~RESULTS ~~introducing~~OF the concept of geothermal power to markets in Western and South Asia with the plan to enter joint venture relationships to develop geothermal power projects in these areas. To enter these markets as a power producer the Company found it strategic to develop traditional carbon fueled power projects in addition. After discussions with Spectrum Energy Project Investments (a UAE power company), submitted applications to the Basra Investment Commission to develop/manage three natural gas power plants. These multi-billion-dollar projects came with long-term power purchase agreements (PPA) and sovereign guarantees and our application through Spectrum was shortlisted. We were unsuccessful in completing our acquisition of 50% of Spectrum and the initial offering lapsed. OPERATIONS

~~On August 31, 2009, TransAct Energy completed and closed its initial public offering at twenty~~FORWARD-~~five~~LOOKING ~~cents~~STATEMENT ($0.25) per share selling one million one hundred and two thousand shares (1,102,000) for a total capital raise of two-hundred and seventy-four thousand three hundred and ninety-eight dollars ($274,398 USD). The majority of these funds were placed with Aqua Terra Power as convertible notes to secure and develop the four (4) geothermal licenses in British Columbia, Canada; the balance was used to pay the costs of the offering and a small amount went to working capital. The Company was approved for listing on the OTCBB in December 2009 and received the trading symbol “TEGY.” NOTICE

~~Throughout~~This ~~2010~~Form we10-Q ~~laid~~contains certain forward-looking statements within the ~~groundwork~~meaning ~~for~~of ~~large~~the ~~power~~Private ~~projects~~Securities Litigation Reform Act of 1995. For this purpose, any statements contained in ~~South~~this ~~Europe~~Form 10-Q that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the foregoing, ~~Asia~~words ~~and~~such ~~Africa;~~as ~~smaller~~“may,” ~~projects~~“will,” ~~for~~“expect,” ~~solar~~“believe,” ~~waste~~“anticipate,” “estimate” or “continue” or comparable terminology are intended to ~~energy~~identify forward-looking statements. These statements by their nature involve substantial risks and ~~hydrogen~~uncertainties, ~~fuel~~and ~~cells~~actual ~~specifically~~results inmay ~~India~~differ materially depending on a variety of factors, many of which are not within our control. These Wefactors ~~worked~~include but are not limited to ~~secure~~economic ~~markets~~conditions ~~for~~generally ~~geothermal,~~and ~~new~~in ~~solar~~the ~~photo-voltaic~~industries in which we may participate; competition within our chosen industry, ~~waste~~including tocompetition ~~energy~~from much larger competitors; technological advances and ~~hydrogen~~failure ~~fuel~~to ~~cell~~successfully ~~generators.~~develop business relationships.

18OUR BUSINESS

~~Joint~~Our ~~development~~business ~~agreement~~is ~~negotiations~~using ~~took~~sustainable ~~place~~energy in ~~December~~emissions-free ~~2010~~processing ~~clearing~~of ~~the~~municipal ~~way~~solid ~~for~~waste ~~Transact to enter one major project in South East Asia in 2011. The 2011 year was frustrated with the company’s inability to collect raised or earned funds~~ into ~~the~~at ~~company’s~~least ~~bank~~eighteen(18) ~~account.~~globally ~~Thus~~traded ~~projects, joint ventures and previous efforts were postponed or lost permanently~~commodities. While we did maintain the company’s trading status the year was taken up with collection efforts and supporting business relationships while in limbo. We did initiate discussions on new waste to energy technologies to leverage the work we had done previously in this sector.

~~The~~We ~~Company’s~~formed ~~2012~~TransAct ~~efforts~~Energy ~~were~~Corp. ~~focused~~as ona ~~building~~Nevada ~~out~~corporation aon ~~Waste~~March ~~Optimization~~15, ~~division~~2006. WeAlthough ~~modified~~ our ~~Business~~original ~~Plan~~business plan called for ~~this~~the ~~focus~~securing and ~~entered~~managing aof ~~Joint~~any ~~Development~~energy ~~Agreement~~leasehold, ~~with~~ the ~~owners~~Company offocused aon ~~small~~securing ~~scale~~producing and non-producing oil and gas leases in Alberta, ~~proprietary~~Canada. On September 7, ~~zero~~2006, ~~emissions~~we ~~waste~~acquired ~~optimization~~a ~~plant~~one hundred percent (~~“ZEWOPtm”~~100%) ~~that~~interest ~~had~~in ~~been operating~~ a 20Petroleum ~~tonne~~and ~~per~~Natural ~~day~~Gas ~~plant~~Lease, ~~for~~from ~~two~~the ~~years.~~province Weof ~~reconnected~~Alberta, ~~with~~Canada ~~clients~~for intwelve ~~India~~thousand and ~~Brazil~~fifty-one ~~for~~dollars ~~future~~($12,051), ~~waste~~the ~~optimization~~MedHat ~~opportunities~~Project. ~~From~~We ~~the~~did ~~second~~not ~~quarter,~~develop ~~through~~this resource. We looked to ~~the~~expand ~~end~~our ofholdings ~~2012~~in weAlberta ~~worked~~through toacquisitions ~~raise~~and joint ventures for the ~~necessary~~following ~~funds~~two toyears. ~~build~~We ahave ~~municipal~~since ~~scale~~allowed ~~plant~~this ~~(500+~~lease ~~tonnes~~to ~~per~~lapse ~~day)~~and inmoved ~~Scotland.~~away from this focus.

~~2013~~In ~~continued~~2008, ~~as a building year for both~~ the ~~company~~Company ~~and~~was ~~its~~introduced ~~Waste~~to ~~Optimization division~~Dr. WeMory ~~completed~~Ghomshei ~~the~~one ~~acquisition~~ of the ~~ZEWOPtm~~world’s ~~technology~~leading ~~from~~geothermal ~~the~~experts ~~Scottish Inventor~~ and ~~brought~~two ~~him~~of onhis asgeothermal apower ~~long-term~~projects ~~member~~in ofBritish ~~our~~Columbia, ~~team~~Canada. We ~~successfully~~worked ~~negotiated a relationship~~ with ~~the~~companies ~~international~~Aqua ~~firm~~Terra ~~Fichtner~~Power ~~Consulting~~and ~~Engineers~~Aqua toTerra ~~complete~~Geothermal ~~the~~through ~~certification of our plants going forward. We identified suppliers of waste for~~ the ~~proposed~~balance ~~United Kingdom plants, initiated the relationships for the uptake~~ of ~~the~~2009 ~~Natural~~on ~~Gas and Electricity in~~ the ~~United~~two ~~Kingdom~~geothermal ~~and~~power ~~tentatively~~projects ~~sourced the capital required for the first plant~~ in ~~the~~British ~~United Kingdom~~Columbia. ~~Globally~~Other wethan ~~negotiated~~lending ~~the~~Aqua ~~intent~~Terra tofunds ~~build~~no aformal ~~plant~~arrangement inwas ~~Mexico~~entered ~~that~~pending ~~includes~~them ~~the~~securing ~~required~~drill ~~equity~~permits ~~and~~on ~~waste. In Brazil, we initiated a relationship to create a green energy fund in order to grow both~~ the ~~market~~two ~~in Brazil and the other strategic areas of South America~~projects. ~~Initial talks have taken place with potential development partners for a few of the major Brazil markets pending the success of the Mexico plant.~~

~~Throughout~~These ~~2014~~licenses ~~TransAct~~lapsed ~~worked~~under totheir ~~finalize~~original ~~the~~owners ~~engineering review~~ and ~~agreements~~were ~~necessary~~re-posted toby ~~develop~~ the ~~first~~government ~~ZEWOPtm~~for inpublic ~~Puebla,~~tender; ~~Mexico.~~an ~~The~~Ontario ~~plant~~corporation ~~under~~associated ~~design~~with isDr. ~~capable~~Ghomshei ofacquired ~~processing~~most ~~1320 metric tons per day~~ of ~~Municipal~~the ~~Solid~~original ~~Waste~~licenses ~~(“MSW”)~~ and ishas ~~estimated~~received todrilling ~~cost approximately three hundred million dollars~~permits. InWe ~~late~~entered ~~November~~discussions ~~Fichtner~~with ~~Consulting~~this ~~Engineers~~entity ~~reported~~in ~~they believed~~ the ~~ZEWOPtm~~latter ~~could~~half ~~process~~of ~~the~~2011 ~~MSW~~to ~~100%~~form ~~into~~a ~~useable~~Farm-in ~~products without emissions~~relationship. ~~The~~We ~~Fichtner~~have ~~report~~put ~~provided~~these ~~TransAct~~discussions ~~the~~on ~~opportunity~~hold topending ~~submit~~ the ~~Waste~~completion ~~Supply Agreement to the Municipality~~ of ~~Puebla,~~our ~~prepare~~first ~~off-take~~waste ~~agreements~~optimization ~~for~~plant ~~interested~~although ~~buyers~~we ofare ~~the~~maintaining ~~ZEWOPtm~~dialogue ~~products and formalize the share purchase agreement~~ with ~~the Puebla Waste Consortium (“PWC”)~~Dr. ~~PWC~~Ghomshei ~~intended~~as onit ~~providing~~relates ~~30% of the capital required~~ to ~~build~~utilizing ~~the~~Geothermal ~~ZEWOPtm,~~in ~~while TransAct negotiates third party lenders for~~ the ~~remaining~~plants ~~70% of the cost through debt instruments~~themselves.

~~The~~TransAct ~~Company~~in ~~delivered~~mid-2009 started introducing the ~~results~~concept of ~~the~~geothermal ~~Fichtner~~power ~~Report~~ to ~~the~~markets ~~Puebla City Staff~~ in ~~December~~Western ofand ~~2014.~~South ~~The~~Asia ~~cost~~with of the ~~plant~~plan ~~was~~to ~~more~~enter ~~than~~joint ~~originally~~venture ~~discussed~~relationships ~~because~~to itdevelop ~~included~~geothermal ~~garbage~~power ~~pre-processing~~projects ~~and~~in ~~their~~these ~~waste contained more water~~areas. ~~This~~To ~~affected~~enter ~~the~~these ~~required~~markets ~~equity~~as ~~and~~a ~~although~~power itproducer ~~was never stated appears to be cause of~~ the ~~PWC~~Company ~~hesitation. We also~~ found ~~out~~it ~~subsequently~~strategic ~~there~~to ~~was~~develop ~~legal~~traditional ~~wrangling~~carbon ~~and~~fueled ~~back~~power ~~room~~projects ~~negotiations~~in ~~between the existing MSW concession holders and the municipal/state government, affecting their ability to sign with us~~addition. After 6discussions ~~months~~ with noSpectrum ~~movement~~Energy ~~forward~~Project ~~for~~Investments ~~the~~(a ~~MSW~~UAE ~~feedstock~~power ~~from the City of Puebla~~company), ~~Management~~submitted ~~set~~applications ~~out in 2015~~ to ~~secure an alternate source of MSW. The agreement we had with~~ the ~~Puebla~~Basra ~~Waste~~Investment ~~Consortium~~Commission ~~was terminated however the sales efforts were all~~ to ~~National~~develop/~~International~~manage ~~companies~~three ~~whose~~natural ~~interest~~gas inpower ~~our products will not change with a change in location~~plants. ~~The~~These ~~one hundred~~multi-~~million~~billion-dollar ~~equity~~projects ~~for~~came ~~the~~with ~~plant~~long-term inpower ~~Puebla~~purchase ~~disappeared~~agreements ~~with~~(PPA) ~~the~~and ~~termination~~sovereign ofguarantees ~~the~~and ~~consortium~~our ~~contract.~~application Anthrough ~~alternative~~Spectrum ~~source~~was ofshortlisted. ~~the~~We ~~plant~~were ~~equity~~unsuccessful isin ~~being~~completing ~~sought~~our ~~during~~acquisition ~~2015/16~~of ~~with~~50% ~~a variety~~ of ~~investors~~Spectrum ~~coming forward during this period. As soon as we finalize the feedstock~~ and ~~sales contracts we will seek to formalize~~ the ~~required~~initial ~~equity~~offering lapsed.

~~Because~~On ofAugust ~~the~~31, ~~specialized~~2009, ~~nature~~TransAct ofEnergy ~~many~~completed and closed its initial public offering at twenty-five cents ($0.25) per share selling one million one hundred and two thousand shares (1,102,000) for a total capital raise of ~~the~~two-hundred ~~ZEWOPtm~~and ~~components~~seventy-four thousand three hundred and ninety-eight dollars ($274,398 weUSD). ~~initiated~~The ~~some~~majority of these funds were placed with Aqua Terra Power as convertible notes to secure and develop the ~~equipment~~four ~~procurement;~~(4) ~~thus~~geothermal licenses in British Columbia, weCanada; ~~entered~~the abalance ~~design/supply~~was ~~agreement~~used ~~for~~to ~~our~~pay ~~proprietary~~the ~~reactors~~costs ~~with~~of the offering and a ~~specialized~~small ~~engineering~~amount ~~firm~~went to working capital. The Company was approved for listing on the OTCBB in December 2009 and received the trading symbol “TEGY.”

2014 saw the Company form subsidiary corporations in Ireland and Mexico. In Ireland we established the wholly owned subsidiary “TransAct Energy Global Limited”, this company will in turn wholly own each national subsidiary. The first national subsidiary of TransAct Global is “TransAct Energy Mexico S.DE R.L. DE C.V.” which will own a majority shareholding of each holding company that owns a ZEWOPtm like the Mexican corporation “Puebla ZEWOP 1, S. DE R.L. DE C.V.”. 20

AtThroughout ~~the~~2010 ~~beginning of 2015~~ we ~~focused~~laid ~~on finalizing~~ the ~~sale~~groundwork offor ~~the~~large ~~anticipated~~power ~~ZEWOPtm~~projects ~~products.~~in ~~These~~South ~~efforts~~Europe, ~~included~~Asia ~~getting~~and ~~signed~~Africa; ~~letters~~smaller ofprojects ~~intent~~for ~~from~~solar, ~~qualified~~waste ~~buyers~~to energy and ~~preparing~~hydrogen ~~formal~~fuel ~~legal~~cells ~~agreements~~specifically ~~for~~in ~~the same~~India. We ~~now~~worked ~~have~~to ~~letters~~secure ofmarkets ~~intent from multiple qualified buyers~~ for ~~all~~geothermal, ~~the~~new ~~expected~~solar ~~product~~photo-voltaic, ~~and~~waste ~~agreements ready~~ to beenergy ~~signed~~and ~~subject~~hydrogen tofuel uscell ~~finalizing our feed-stock agreement (Waste Supply Agreement) for the first plant~~generators.

InJoint ~~summary~~development ~~2015’s~~agreement ~~efforts~~negotiations ~~focused~~took onplace ~~completing~~in ~~the~~December ~~due-diligence~~2010 ~~for~~clearing the ~~Mexican~~way ~~candidate~~for ~~feed-stocks~~Transact ~~including~~to ~~matching~~enter ~~equity~~one ~~partners~~major ~~and~~project ~~buyers~~in ofSouth ~~the~~East ~~resulting~~Asia ~~products~~in 2011. ToThe ~~that~~2011 ~~end~~year wewas ~~now~~frustrated ~~have~~with ~~several~~the ~~feed-stock~~company’s ~~agreements~~inability to ~~negotiate~~collect ~~through~~raised ~~to a final agreement~~ or ~~dismiss~~earned ~~depending~~funds oninto the ~~outcome~~company’s ofbank ~~the negotiations~~account. ~~The~~Thus ~~potential~~projects, ~~equity~~joint ~~partners~~ventures ~~have~~and ~~been~~previous ~~identified~~efforts ~~subject~~were topostponed ~~finalizing~~or ~~the~~lost ~~feed-stock~~permanently. ~~agreement~~While ~~and~~we ~~pre-sales~~did ofmaintain the ~~future~~company’s ~~products.~~trading ~~The~~status ~~clients that signed letters of intent for~~ the ~~products~~year ~~have~~was ~~also~~taken ~~been~~up ~~briefed~~with oncollection ~~the~~efforts ~~potential~~and ~~feed-stock~~supporting ~~cities~~business torelationships ~~re-confirm~~while ~~their~~in ~~commitment~~limbo. ~~Every~~We ~~effort~~did ~~was~~initiate ~~made~~discussions ~~during~~on ~~the~~new ~~year~~waste to ~~keep~~energy ~~the~~technologies ~~candidate~~to ~~banks~~leverage ~~for~~the ~~debt~~work ~~financing~~we ~~informed~~had ofdone ~~our~~previously ~~progress~~in ~~and~~this ~~they appear to be continuing with their support~~sector.

19The Company’s 2012 efforts were focused on building out a Waste Optimization division. We modified our Business Plan for this focus and entered a Joint Development Agreement with the owners of a small scale, proprietary, zero emissions waste optimization plant (“ZEWOPtm”) that had been operating a 20 tonne per day plant for two years. We reconnected with clients in India and Brazil for future waste optimization opportunities. From the second quarter, through to the end of 2012 we worked to raise the necessary funds to build a municipal scale plant (500+ tonnes per day) in Scotland.

~~2016~~2013 wecontinued ~~focused~~as ona ~~finalizing~~building ~~contracts~~year for both the ~~required~~company ~~MSW~~and ~~feedstock.~~its ~~The~~Waste ~~results~~Optimization ~~were~~division. aWe ~~signed~~completed ~~memorandum~~the acquisition of ~~understanding~~the ~~(MOU)~~ZEWOPtm ~~with~~technology afrom ~~private~~the ~~contractor~~Scottish inInventor ~~Mexico~~and ~~City~~brought ~~and~~him on as a ~~municipality~~long-term ~~outside~~member of ~~Asuncion,~~our ~~Paraguay;~~team. We successfully negotiated a ~~letter~~relationship ofwith ~~invitation~~the ~~from~~international firm Fichtner Consulting Engineers to complete the ~~Republic~~certification of ~~Panama;~~our ~~and~~plants agoing ~~formal~~forward. ~~proposal~~We toidentified asuppliers ~~municipality~~of inwaste for the ~~State~~proposed ofUnited ~~Jalisco~~Kingdom plants, ~~Mexico~~initiated ~~now~~the ~~awaiting~~relationships for the ~~formal~~uptake ~~request~~of the Natural Gas and Electricity in the United Kingdom and tentatively sourced the capital required for ~~proposal~~the ~~coming~~first plant in ~~2017~~the United Kingdom. ~~The~~Globally ~~Mexico~~we ~~City~~negotiated ~~MOU~~the ~~was~~intent ~~followed~~to build a plant in ~~December~~Mexico ~~2016~~that ~~with~~includes athe ~~Waste~~required ~~Supply~~equity ~~Agreement~~and waste. ~~Each~~In ~~opportunity~~Brazil, ~~was~~we ~~negotiated~~initiated a relationship to ~~satisfy~~create ~~our~~a ~~need~~green ~~for~~energy ~~thirteen-hundred~~fund in order to grow both the market in Brazil and ~~twenty~~the ~~metric~~other ~~tons~~strategic ~~per~~areas ~~day~~of South America. Initial talks have taken place with potential development partners for a few of ~~MSW~~the ~~feedstock~~major ~~per~~Brazil ~~ZEWOPtm.~~markets pending the success of the Mexico plant.

~~2017~~Throughout ~~was~~2014 ~~Transacts~~TransAct ~~breakthrough~~worked ~~year~~to asfinalize itthe ~~finally~~engineering ~~secured~~review and agreements necessary to develop the ~~required~~first ~~feedstock~~ZEWOPtm in Puebla, Mexico. The plant under ~~long-term~~design ~~contract~~is ~~for~~capable ~~its~~of ~~first~~processing ~~ZEWOPtm~~1320 tometric betons inper ~~Mexico’s~~day ~~second~~of ~~largest~~Municipal ~~city~~Solid ~~Guadalajara~~Waste (“MSW”) and is estimated to cost approximately three hundred million dollars. WeIn ~~immediately~~late ~~secured~~November aFichtner ~~strategically~~Consulting ~~located~~Engineers ~~industrial~~reported ~~site~~they inbelieved Elthe ~~Salto~~ZEWOPtm ~~and~~could ~~have~~process ~~proceeded~~the MSW 100% into useable products without emissions. The Fichtner report provided TransAct the opportunity to ~~pre~~submit the Waste Supply Agreement to the Municipality of Puebla, prepare off-~~sell~~take agreements for interested buyers of the ZEWOPtm products ~~from~~and formalize the ~~future~~share purchase agreement with the Puebla Waste Consortium (“PWC”). PWC intended on providing 30% of the capital required to build the ZEWOPtm, while TransAct negotiates third party lenders for the remaining 70% of the cost through debt instruments.

InThe ~~2018~~Company wedelivered ~~focused~~the onresults ~~completing~~of the ~~due~~Fichtner ~~diligence~~Report ~~for~~to the ElPuebla ~~Salto~~City ~~site,~~Staff in December of 2014. The cost of the plant was more than originally discussed because it included garbage pre-~~development~~processing ~~capital~~and their waste contained more water. This affected the required equity and although it was never stated appears to ~~pay~~be ~~for~~cause of the ~~building-site~~PWC hesitation. We also found out subsequently there was legal wrangling and back room negotiations between the ~~completion~~existing ofMSW ~~all~~concession ~~preliminary~~holders ~~design~~and ~~work~~the ~~required~~municipal/state government, affecting their ability to ~~secure~~sign anwith ~~EPC~~us. After ~~Contractor~~6 ~~(Engineering,~~months ~~Procurement~~with ~~and~~no ~~Construction)~~movement ~~through~~forward for the ~~tender~~MSW ~~process~~feedstock from the City of Puebla, Management set out in 2015 to ~~build~~secure ~~the~~an ~~ZEWOPtm~~alternate source of MSW. ~~Due~~The ~~diligence~~agreement we had with the Puebla Waste Consortium was ~~completed~~terminated ~~proving~~however the ~~site~~sales ~~suitable~~efforts ~~for~~were all to National/International companies whose interest in our ~~proposed~~products ~~use~~will ~~and~~not ~~the~~change ~~landowners~~with ~~have~~a sochange ~~far~~in ~~continued~~location. toThe ~~wait~~one hundred-million-dollar equity for usthe toplant ~~close~~in onPuebla disappeared with the ~~site~~termination of the consortium contract. An alternative source of the plant equity is being sought during 2015/16 with a variety of investors coming forward during this period. As soon as we finalize the feedstock and sales contracts we will seek to formalize the required equity.

~~The~~Because ~~pre-development~~of ~~capital~~the ~~was~~specialized ~~committed~~nature toof asmany aof ~~bridge-loan~~the ZEWOPtm components, ~~but~~we toinitiated ~~date~~some ~~has~~of ~~not~~the ~~been~~equipment ~~received.~~procurement; thus, we entered a design/supply agreement for our proprietary reactors with a specialized engineering firm.

~~Figure~~2014 1:saw ~~Concept~~the ~~Rendering~~Company form subsidiary corporations in Ireland and Mexico. In Ireland we established the wholly owned subsidiary “TransAct Energy Global Limited”, this company will in turn wholly own each national subsidiary. The first national subsidiary of ElTransAct ~~Salto~~Global ~~ZEWOPtm~~is “TransAct Energy Mexico S.DE R.L. DE C.V.”

~~Plant is estimated at 31,355 sq. meters. Using approximately 7.2 hectares.~~21

~~2019~~which ~~was~~will ~~dominated~~own with closing the funds to build the El Salto ZEWOPtm and preparing the Company for operating status. This included continued meetings with members of the new Mexican government to forward our waste management approach in Mexico and renegotiating the purchase of the El Salto lands anticipating a ~~closing.~~majority Weshareholding ~~started the process~~ of ~~acquiring~~each aholding ~~sustainable~~company ~~geothermal technology~~ that ~~will~~owns ~~provide~~a ~~most~~ZEWOPtm oflike the ~~energy~~Mexican ~~required~~corporation to“Puebla ~~operate~~ZEWOP ~~the~~1, ~~ZEWOPtm~~S. ~~Our~~DE ~~incoming~~R.L. ~~COO~~DE ~~and CPO started working through the people requirements for Mexico~~C. V.”.

WeAt ~~acquired~~the ~~another~~beginning ~~Irish~~of ~~corporation~~2015 towe ~~hold~~focused ~~our~~on ~~physical~~finalizing ~~assets~~the insale ~~Ireland~~of asthe weanticipated ~~start~~ZEWOPtm ~~the~~products. ~~search~~These ~~for~~efforts ~~facilities~~included togetting ~~house~~signed ~~our~~letters ~~global~~of ~~accounting,~~intent ~~human~~from ~~resources~~qualified buyers and ~~research/development~~preparing ~~offices~~formal inlegal ~~Dublin.~~agreements Tofor ~~that~~the ~~end~~same. ~~Christina~~We ~~Kenny~~now ~~officially~~have ~~came~~letters onof asintent ~~our~~from ~~Chief~~multiple ~~People~~qualified ~~Officer~~buyers ~~starting~~for all the ~~process~~expected ofproduct ~~identifying~~and ~~our~~agreements ~~first~~ready ~~hires~~to ~~for~~be ~~both~~signed ~~the~~subject ~~global~~to ~~administration~~us ~~and~~finalizing ~~the~~our Elfeed-stock ~~Salto~~agreement ~~ZEWOPtm.~~(Waste Supply Agreement) for the first plant.

~~2020~~In ~~had~~summary ~~two~~2015’s ~~focuses:~~efforts Wefocused ~~continued~~on ~~raising~~completing the ~~predevelopment~~due-diligence ~~capital~~ for Elthe ~~Salto,~~Mexican ~~Mexico~~candidate ~~and~~feed-stocks ~~new~~including ~~business~~matching ~~development~~equity ~~initiatives~~partners ~~that~~and ~~could~~buyers ~~result~~of inthe ~~cash~~resulting ~~flow~~products. ~~Raising~~To ~~the~~that ~~pre-development~~end ~~capital~~we ~~for~~now Elhave ~~Salto~~several ~~during COVID~~feed-19stock ~~Pandemic~~agreements ~~led~~ to ~~the~~negotiate ~~loss~~through ofto ~~several~~a ~~funders,~~final ~~however,~~agreement asor ~~companies~~dismiss ~~adjusted~~depending iton ~~created~~the ~~new~~outcome ~~opportunities.~~of Wethe ~~reduced~~negotiations. ~~our~~The ~~initial~~potential ~~capital~~equity ~~requirements~~partners byhave ~~$10~~been ~~Million~~identified ~~through~~subject ~~negotiating~~to afinalizing ~~lease/purchase agreement on~~ the Elfeed-stock ~~Salto~~agreement ~~lands.~~and ~~Then after many single~~pre-~~family~~sales ~~office contacts we negotiated the balance~~ of the ~~funds~~future ~~required~~products. WeThe ~~have~~clients ~~secured~~that asigned ~~$14~~letters ~~Million~~of ~~loan~~intent ~~expected~~for inthe ~~April~~products ~~2021with~~have analso ~~office~~been ~~that~~briefed ~~owns~~on anthe ~~EPC~~potential ~~Contractor~~feed-stock ~~and~~cities ~~we have agreed~~ to re-confirm their ~~preferred~~commitment. ~~vendor~~Every ~~status,~~effort ~~provided~~was ~~they~~made ~~are~~during ~~competitive through~~ the ~~tender~~year ~~process.~~to Inkeep ~~terms~~the ofcandidate ~~business~~banks ~~development,~~for wedebt ~~contracted~~financing toinformed ~~develop~~of ~~a retail business using~~ our ~~core~~progress ~~reactor~~and ~~technology.~~they ~~The~~appear ~~retail~~to ~~opportunity~~be iscontinuing ~~now~~with intheir ~~the business planning stage~~support.

202016 we focused on finalizing contracts for the required MSW feedstock. The results were a signed memorandum of understanding (MOU) with a private contractor in Mexico City and a municipality outside of Asuncion, Paraguay; a letter of invitation from the Republic of Panama; and a formal proposal to a municipality in the State of Jalisco, Mexico now awaiting the formal request for proposal coming in 2017. The Mexico City MOU was followed in December 2016 with a Waste Supply Agreement. Each opportunity was negotiated to satisfy our need for thirteen-hundred and twenty metric tons per day of MSW feedstock per ZEWOPtm.

~~The~~2017 ~~first~~was ~~half~~Transacts ofbreakthrough ~~2021~~year ~~has~~as ~~been~~it ~~focused~~finally onsecured ~~planning and team building in anticipation of starting~~ the ~~predevelopment~~required ~~phase~~feedstock ofunder ~~the~~long-term Elcontract ~~Salto~~for ~~ZEWOPtm. In that process we clearly identified our purpose “To Help humanity restore~~ its ~~balance~~first ~~with~~ZEWOPtm ~~nature” and our Mission “To utilize latent energies and human off casts~~ to ~~create~~be ~~resources~~in ~~that~~Mexico’s ~~enhance~~second ~~the~~largest ~~Economy,~~city ~~the Environment and Communities we operate in~~Guadalajara.” ~~All~~We ~~corporate~~immediately ~~activity~~secured ~~undertaken~~a ~~will~~strategically ~~work~~located ~~towards~~industrial ~~our~~site ~~vision~~in ofEl “aSalto ~~world where all energy~~ and ~~resources~~have ~~used~~proceeded to ~~sustain humanity, have no impact on the biosphere.” To that end we spent time examining our future risk and resilience strategies, examining our supply~~pre-~~mesh~~sell ~~and creating a detailed plan for~~ the ~~first~~products ~~ninety-days after launch. We continued to work on finalizing the required predevelopment funds both with the original commitment~~ from the ~~beginning~~future ~~of 2021that has not yet completed and with several others in progress for the third quarter~~ZEWOPtm.

~~PLAN~~In OF2018 ~~OPERATION~~we focused on completing the due diligence for the El Salto site, the pre-development capital required to pay for the building-site and the completion of all preliminary design work required to secure an EPC Contractor (Engineering, Procurement and Construction) through the tender process to build the ZEWOPtm. Due diligence was completed proving the site suitable for our proposed use and the landowners have so far continued to wait for us to close on the site.

~~TransAct~~The ~~Energy Corp. has elected to focus entirely on the global~~ pre-development ~~and~~capital ~~dissemination~~was ofcommitted its ZEWOPtm. The ZEWOPtm makes ecological, economic, cultural, and social sense. Becoming an engine that supports the circular economy in any community it enters, sustainably; Municipalities can now be paid instead of paying to ~~manage~~as ~~their~~a ~~MSW. In the process~~bridge-loan, ~~TransAct~~but ~~is able~~ to ~~incorporate~~date ~~many of the energy technologies it~~ has ~~worked~~not onbeen ~~including, geothermal and solar~~received.

ItFigure is1: ~~our~~Concept ~~intent~~Rendering ~~during the eighteen-months that it should take to construct the first municipal scale ZEWOPtm; to debug any mechanical/operational issues~~ of ~~the~~El ~~design.~~Salto After the first building is complete (approximately one-year in), we will secure the second site in Guadalajara and start its construction as soon as the first plant is certified operational. We will complete the assembly of the second ZEWOPtm ~~to perfect the project management process, creating a cookie cutter approach to ZEWOPtm erection.~~

~~The~~Plant ~~first~~is ~~two~~estimated ~~ZEWOPtm~~at ~~gives~~31,355 ussq. ~~the~~meters. ~~opportunity~~Using toapproximately recruit and train the project managers’ expertise to effectively work with our EPC contractors in the development of each new ZEWOPtm; with a focusing on streamlining the supply chain of required materials and equipment7.2 hectares.

~~During~~2019 ~~the~~was ~~estimated~~dominated ~~twenty-four~~with toclosing ~~thirty~~the ~~months,~~funds ~~it will take~~ to ~~get~~build the ~~first~~El ~~two~~Salto ZEWOPtm ~~underway,~~and wepreparing ~~intend~~the onCompany ~~imbedding~~for aoperating ~~team~~status. inThis ~~Europe~~included tocontinued ~~secure~~meetings ~~feedstock~~with ~~and~~members ~~development~~of ~~sites~~the ~~for~~new ~~the~~Mexican ~~next~~government ~~twenty~~to ~~ZEWOPtm.~~forward ~~This~~our waste management approach ~~will~~in beMexico ~~continued~~and ~~around~~renegotiating the ~~globe,~~purchase ~~selecting~~of ~~major~~the ~~markets~~El ~~that~~Salto ~~are~~lands ~~politically~~anticipating ~~and~~a ~~economically~~closing. ~~ready~~We tostarted ~~adopt~~the ~~our~~process ~~approach~~of toacquiring a sustainable ~~manufacturing~~geothermal ~~using~~technology ~~solid~~that ~~waste.~~will ~~Upon~~provide ~~receipt~~most ~~(in~~of the ~~second~~energy ~~quarter~~required ofto ~~2021)~~operate of the ~~loan~~ZEWOPtm. ~~funds~~Our ~~required~~incoming ~~for~~COO ~~the~~and ~~predevelopment~~CPO ofstarted ~~the~~working Elthrough ~~Salto,~~the ~~ZEWOPtm;~~people ~~our~~requirements ~~pre-described~~for ~~timeline will start~~Mexico.

With a firm start date and location of the first ZEWOPtm TransAct Energy Mexico can proceed to finalize long-term offtake agreements. We will reengage Fichtner Consulting Engineers to prepare working drawings, that while being approved under permits and permissions will go to tender for a guaranteed procurement and construction contract (EPC). We have selected a preferred vendor for this role, however, they still have to compete in the EPC tender process. When these steps are completed, we intend on finalizing the tentative financing commitments we have in place with two international investment banks. 22

~~TransAct~~We ~~intends~~acquired onanother ~~establishing~~Irish ~~the~~corporation ~~manufacturing~~to ofhold our ~~proprietary~~physical ~~reactors~~assets in ~~Mexico~~Ireland inas ~~2021.~~we Westart ~~have~~the ~~already~~search ~~initiated discussions~~ for afacilities ~~joint~~to ~~venture~~house ~~agreement~~our ~~with~~global anaccounting, ~~ISO~~human ~~9001~~resources and ~~ASME~~research/development ~~capable~~offices ~~manufacturer~~in Dublin. ~~Our~~To ~~facility~~that ~~would~~end ~~supply~~Christina Kenny officially came on as our Chief People Officer starting the ~~demand~~process ~~for~~of ~~both~~identifying ~~Mexico,~~our ~~South~~first ~~America,~~hires ~~Central~~for ~~America,~~both ~~Canada~~the global administration and the ~~USA.~~El Salto ZEWOPtm.

~~ZEWOPtm~~2020 ~~can~~had ~~demonstrate~~two tofocuses: We continued raising the predevelopment capital for El Salto, Mexico and new business development initiatives that could result in cash flow. Raising the ~~World~~pre-development acapital ~~municipal~~for ~~scale~~El ~~solution~~Salto during COVID-19 Pandemic led to ~~manufacturing~~the ~~using~~loss ~~solid~~of ~~waste~~several ~~without~~funders, ~~emissions~~however, as companies adjusted it created new opportunities. ~~Although~~We wereduced ~~have~~our ~~been~~initial ~~approached~~capital torequirements ~~build~~by in$10 ~~other~~Million ~~North~~through ~~American~~negotiating ~~cities,~~a welease/purchase ~~feel~~agreement on the ~~market~~El isSalto ~~best~~lands. ~~approached~~Then ~~when~~after ~~the~~many ~~first~~single-family ~~ZEWOPtm~~office iscontacts ~~fully~~we ~~operational~~negotiated tothe ~~garner~~balance ~~government~~of ~~agency~~the ~~support~~funds required. ~~Once~~We wehave ~~break~~contracted ~~ground,~~for wea ~~will~~$14 ~~make~~Million ~~sure~~loan ~~major~~which ~~municipalities~~was ~~throughout~~expected ~~the~~in USApril 2021with an office that owns an EPC Contractor and ~~Canada~~we have agreed to their preferred vendor status, provided they are ~~aware~~competitive ofthrough ~~our~~the tender process,. soThis wecompany ~~get~~has struggled to deliver on ~~their~~its ~~technology~~commitments ~~review~~to ~~lists~~date. ~~This~~In ~~will~~terms ~~ensure~~of business development, we contracted with our reactor engineers to develop a ~~smoother~~retail ~~entry~~business ~~into~~using ~~North~~our ~~American~~core ~~markets,~~reactor technology. The retail opportunity is now in the business planning stage.

~~Until~~The ~~the~~ first ~~revenues~~half ~~from~~of ~~operations~~2021 ~~come~~has been focused on planning and team building in, anticipation of starting the predevelopment phase of the El Salto ZEWOPtm. In that process we clearly identified our ~~corporate~~purpose ~~operations~~“To ~~will~~Help ~~continue~~humanity restore its balance with nature” and our Mission “To utilize latent energies and human off casts to becreate ~~funded~~resources bythat ~~raising~~enhance ~~money~~the ~~through~~Economy, ~~private~~the ~~placements~~Environment orand ~~public~~Communities ~~offerings~~we operate in.” WeAll ~~anticipate~~corporate ~~bringing~~activity onundertaken anwill ~~expanded~~work ~~management~~towards ~~team~~our vision of “a world where all energy and resources used to ~~oversee~~sustain ~~our~~humanity, ~~operational~~have ~~growth~~no ~~throughout~~impact on the ~~upcoming~~biosphere.” ~~year~~To that end we spent time examining our future risk and resilience strategies, examining our supply-mesh and creating a detailed plan for the first ninety-days after launch. We continued to ~~raise~~work ~~additional~~on ~~capital~~finalizing asthe required. predevelopment funds both with the original commitment from the beginning of 2021that has not yet completed and with several others in progress for the third quarter.

~~SUBSEQUENT~~Throughout ~~EVENTS~~the third quarter of 2021 we continued to manage four potential funding relationships, two of which have continued to mature through due diligence and negotiations. During this period, we also were able to raise some working capital and maintain relationships in Guadalajara, MX. We initiated feedstock (MSW) discussions in three states in the US northeast each is in its own process.

~~None~~PLAN OF OPERATION

21TransAct Energy Corp. has elected to focus entirely on the global development and dissemination of its ZEWOPtm. The ZEWOPtm makes ecological, economic, cultural, and social sense. Becoming an engine that supports the circular economy in any community it enters, sustainably; Municipalities can now be paid instead of paying to manage their MSW. In the process, TransAct is able to incorporate many of the energy technologies it has worked on including, geothermal and solar.

~~RESULTS~~It OFis ~~OPERATIONS~~our intent during the eighteen-months that it should take to construct the first municipal scale ZEWOPtm; to debug any mechanical/operational issues of the design. After the first building is erected (approximately one-year in), we will secure the second site in Guadalajara and start its construction as soon as the first plant is certified operational. We will complete the assembly of the second ZEWOPtm to perfect the project management process, creating a cookie cutter approach to ZEWOPtm buildout.

~~Results~~The offirst ~~Operations~~two ~~for~~ZEWOPtm ~~Three~~gives ~~Months~~us ~~Ending~~the ~~June~~opportunity ~~30,~~to ~~2021,~~recruit ~~Compared~~and train the project managers’ expertise to ~~Three~~effectively ~~Months~~work ~~Ending~~with ~~June~~our ~~30,~~EPC ~~2020~~contractors in the development of each new ZEWOPtm; with a focusing on streamlining the supply mesh of required materials and equipment.

WeDuring ~~did~~the ~~not~~estimated ~~generate~~twenty-four ~~any~~to ~~material~~thirty ~~revenue~~months, ~~from~~it ~~April~~will 1,take ~~2021,~~ to ~~June~~get ~~30,~~the ~~2021~~first two ZEWOPtm underway, aswe ~~was~~intend ~~the~~on ~~same~~imbedding a team in Europe to secure feedstock and development sites for the ~~three-month~~next ~~period~~twenty ~~in 2020~~ZEWOPtm. ~~For~~This ~~the~~approach ~~three~~will ~~months~~be ~~ended~~continued ~~June~~around ~~30,~~the ~~2021~~globe, ~~our~~selecting ~~general~~major ~~and~~markets ~~administrative~~that ~~expenses~~are ~~were~~politically ~~$78,931~~and ~~compared~~economically ready to ~~$195,945~~adopt ~~for~~our ~~the~~approach ~~same~~to ~~period~~sustainable inmanufacturing ~~2020~~using solid waste. ~~Expenses~~Upon ~~consisted~~receipt ~~primarily~~(in the last quarter of ~~compensation~~2021) of ~~$75,891.~~the ~~Compensation~~loan ~~was~~funds ~~$191,945~~required for the ~~same~~predevelopment ~~period~~of ~~ending~~the ~~June~~El 30Salto, ~~2020.~~ZEWOPtm; our pre-described timeline will start.

~~Interest~~With ~~Expense~~a ~~for~~firm ~~the~~start ~~three~~date ~~months~~and ~~ending~~location ~~June~~of ~~30,~~the ~~2021,~~first ~~was~~ZEWOPtm ~~$392,880~~TransAct ~~compared~~Energy toMexico ~~$391,864~~can ~~for~~proceed ~~the~~to ~~same~~finalize ~~period~~long-term inofftake ~~2020~~agreements. AsWe awill ~~result,~~reengage weFichtner ~~have~~Consulting ~~reported~~Engineers ato ~~net~~prepare ~~loss~~working ~~before~~drawings, ~~taxes~~that ofwhile ~~($471,811)~~being ~~for~~approved ~~the~~under ~~Three~~permits ~~Months~~and ~~ended~~permissions ~~June~~will ~~30,~~go ~~2021,~~to ~~compared~~tender tofor a ~~loss~~guaranteed ofprocurement ~~($587,809)~~and ~~for~~construction ~~the~~contract ~~same period last year.~~

~~Results of Operations for the Six Months Ended June 30, 2021, Compared to The Six Months Ended June 30, 2020~~23

(EPC). We ~~did~~had ~~not~~selected ~~generate~~a ~~any~~preferred ~~revenue~~vendor ~~from January 1, 2021 to June 30, 2021 as was the same~~ for ~~the~~this ~~six-month period in 2020. For the six months ended June 30~~role, ~~2021~~however, ~~our~~they ~~general~~still ~~and~~have ~~administrative expenses were $161,674 compared~~ to ~~$392,143~~compete ~~for the same period~~ in ~~2020. The main expense was compensation which was $154,071 for~~ the ~~period~~EPC ~~ending~~tender ~~2021 and $383,889 for the period ending June 2020~~process. ~~Interest~~When ~~expense~~these ~~for~~steps ~~the~~are ~~six-month period ending June 30~~completed, ~~2021~~we ~~was~~intend ~~$779,408~~on ~~compared~~finalizing ~~to $779,306 for~~ the ~~same~~tentative ~~period~~financing ~~ending~~commitments ~~June 30, 2020. As a result,~~ we have ~~reported~~in aplace ~~net~~with ~~loss~~two ofinternational ~~($941,082)~~investment ~~for~~banks ~~the~~and ~~period~~now ~~ended~~potentially ~~June~~a ~~30,~~single-family ~~2021~~office. ~~Our total net loss from January 1, 2020, through June 30, 2020 was ($1,171,449).~~

~~Stock-Based~~TransAct ~~Compensation~~intends ~~Costs~~on ~~There~~establishing ~~was~~the $0manufacturing ~~stock-based~~of ~~compensation~~our ~~recorded~~proprietary ~~during~~reactors in Mexico within 6months of receiving the ~~period~~funds. ~~ended~~We ~~June~~have ~~30,~~already ~~2021~~initiated discussions for a joint venture agreement with an ISO 9001 and ASME capable manufacturer. Our facility would supply the demand for both Mexico, South America, Central America, Canada and the USA.

~~LIQUIDITY~~ZEWOPtm ~~AND~~can ~~CAPITAL~~demonstrate ~~RESOURCES~~to Mexico and the World a municipal scale solution to manufacturing using solid waste without emissions. Although we have been approached to build in other North American cities, we feel the market is best approached when the first ZEWOPtm is fully operational to garner government agency support. Once we break ground, we will make sure major municipalities throughout the US and Canada are aware of our process, so we get on their technology review lists. This will ensure a smoother entry into other North American markets,

AsUntil ofthe ~~June~~first ~~30,~~revenues ~~2021,~~from ~~our~~operations ~~current~~come ~~assets~~in, ~~are~~our ~~$403,749~~corporate ~~made~~operations upwill ofcontinue ~~prepaid~~to ~~expenses~~be offunded ~~$294,763,~~by ~~receivables~~raising ofmoney ~~$108,495~~through ~~and~~private ~~$491~~placements ~~cash~~or onpublic ~~hand~~offerings. ~~Our~~We ~~current~~anticipate ~~liabilities~~bringing ~~consist~~on ofan ~~accounts~~expanded ~~payable~~management inteam ~~the~~to ~~amount~~oversee ofour ~~$345,783,~~operational ~~accrued~~growth ~~interest~~throughout ofthe ~~$6,934,457~~upcoming ~~compensation~~year ~~payable of $3,255,524~~ and ~~Notes~~plan ~~payable,~~to ~~net~~raise ofadditional ~~any~~capital ~~discount~~as ~~of $366,110~~required.

~~NEED~~SUBSEQUENT ~~FOR ADDITIONAL FINANCING~~EVENTS

We estimate our upcoming operating expenses to increase substantially as we transcend from development stage to operating stage and maybe as much as $24,000,000.00 this year. We do not have any commitments for capital expenditures however we do anticipate entering into commitments to secure acquisitions. We believe we will need additional funds to cover our expenses and acquisitions for the next twelve months. Our need for capital may change dramatically as we pursue our business plan during that period. At present, we have no material understandings, commitments or agreements with respect to the acquisition of any business venture or capital commitments. Further, we cannot assure that we will be successful in consummating business opportunities on favourable terms, or we will be able to profitably manage any business opportunities. Should we require additional capital, we may seek additional advances from officers, sell common stock or find other forms of debt financing. None

~~There~~RESULTS isOF no guarantee the Company will not need to raise further significant capital over the next year, some of which may need to be done by way of selling equity in the Company or its subsidiaries. Depending on the market price and the terms that can be negotiated this will result in the dilution of current shareholders of the Company’s stock or earnings from proposed plants.OPERATIONS

~~ITEM~~Results 3.of ~~QUANTITATIVE~~Operations ~~AND~~for ~~QUALITATIVE~~Three ~~DISCLOSURES~~Months ~~ABOUT~~Ending ~~MARKET~~September ~~RISK.~~30, 2021, Compared to Three Months Ending September 30, 2020

~~Not~~We ~~required~~did bynot ~~smaller~~generate ~~reporting~~any ~~companies~~material revenue from July 1, 2021, to September 30, 2021, as was the same for the three-month period in 2020. For the three months ended September 30, 2021, our general and administrative expenses were $79,405 compared to $78,825 for the same period in 2020. Expenses consisted primarily of compensation of $75,819. Compensation was $74,772 for the same period ending September 30, 2020.

22Interest Expense for the three months ending September 30, 2021, was $395,461 compared to $395,830 for the same period in 2020. As a result, we have reported a net loss before taxes of ($474,866) for the Three Months ended September 30, 2021, compared to a loss of ($474,655) for the same period last year.

~~ITEM~~Results ~~4T.~~of ~~CONTROLS~~Operations ~~AND~~for ~~PROCEDURES.~~the Nine Months Ended September 30, 2021, Compared to The Nine Months Ended September 30, 2020

~~(a)Evaluation~~We ofdid ~~Disclosure~~not ~~Controls~~generate ~~and~~any ~~Procedures.~~revenue ~~The~~from ~~Company’s~~January ~~management~~1, is2021, ~~responsible~~to ~~for~~September ~~establishing~~30, ~~and~~2021, ~~maintaining~~as ~~adequate~~was ~~internal~~the ~~control~~same ~~over~~for ~~financial~~the ~~reporting~~nine-month ~~(as~~period ~~defined~~ in ~~Rule~~2020. ~~13a-15(f)~~For ~~under~~ the ~~Securities~~nine ~~Exchange~~months ~~Act~~ended ofSeptember ~~1934~~30, as2021, ~~amended).~~our Wegeneral ~~are~~and ~~committed~~administrative toexpenses ~~maintaining~~were ~~disclosure~~$241,078 ~~controls~~compared ~~and~~to ~~procedures~~$470,969 ~~designed~~for tothe ~~ensure~~same ~~that~~period ~~information~~in ~~required~~2020. toThe bemain ~~disclosed~~expense inwas ~~our~~compensation, ~~periodic~~which ~~reports~~was ~~filed~~$229,890 ~~under~~for the ~~Securities~~period ~~Exchange~~ending ~~Act~~September ~~of 1934~~30, as2021 ~~amended~~and $468,862 orfor the ~~Exchange~~period ~~Act~~ending September 30, is2020. ~~recorded~~Interest expense for the nine-month period ending September 30, ~~processed~~2021, ~~summarized~~was ~~and~~($1,174,870) ~~reported~~compared ~~within~~to ($1,175,135) for the ~~time~~same ~~periods~~period ~~specified~~ending inSeptember ~~the~~30, ~~SEC’s~~2020. ~~rules~~As ~~and~~a ~~forms~~result, ~~and~~we ~~that~~have ~~such~~reported ~~information~~a isnet ~~accumulated~~loss ~~and~~of ~~communicated~~($1,415,948) tofor ~~our~~the ~~management,~~period ~~including~~ended ~~our~~September ~~chief~~30, ~~executive~~2021. ~~officer~~Our ~~and~~total ~~chief~~net ~~financial~~loss ~~officer,~~from asJanuary ~~appropriate~~1, to2020, ~~allow~~through ~~for~~September ~~timely~~30, ~~decisions~~2020, ~~regarding~~was ~~required disclosure~~($1,646,104).

InStock-Based ~~designing~~Compensation ~~and~~Costs ~~evaluating~~- ~~our~~There ~~disclosure~~was ~~controls~~$0 ~~and~~stock-based ~~procedures,~~compensation ~~management~~recorded ~~recognizes~~during ~~that~~the ~~any~~period ~~controls~~ended ~~and~~September ~~procedures~~30, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives, and management necessarily is required to apply its judgment in evaluating the cost-benefit relationship of possible controls and procedures and implementing controls and procedures2021.

~~Under~~LIQUIDITY ~~the~~AND ~~supervision~~CAPITAL and with the participation of our management, including our principal executive officer and principal financial officer, we conducted an evaluation of our disclosure controls and procedures, as such term is defined under Rules 13a-15(e) and 15d-15(e) promulgated under the Exchange Act. Based on this evaluation, our principal executive officer and our principal financial officer concluded that our disclosure controls and procedures were effective at a reasonable assurance level as of June 30, 2021, the end of the period covered by this report. RESOURCES

~~(b)Changes~~As inof ~~Internal~~September ~~Control~~30, ~~over~~2021, ~~Financial~~our ~~Reporting.~~current ~~There~~assets ~~were~~are no$410,405 ~~changes~~made inup ~~the~~of ~~Company's~~prepaid ~~internal~~expenses ~~controls~~of or$294,763, ~~procedures~~receivables ~~over~~of ~~financial reporting~~$108,495 ~~known~~and to$7,147 ~~the~~cash ~~chief~~on ~~executive~~hand. ~~officer~~Our orcurrent ~~the~~liabilities ~~chief~~consist ~~financial~~of ~~officer~~accounts ~~that~~payable ~~occurred~~in ~~during~~ the ~~period~~amount ~~covered~~of by$344,473, ~~this~~accrued ~~report~~interest ~~that~~of ~~has~~$ ~~materially affected~~7,329,918 orcompensation ispayable ~~reasonably~~of ~~likely~~$ to3,327,895 ~~materially~~and ~~affect~~Notes payable, ~~the~~net ~~Company's~~of ~~internal~~any ~~control~~discount ~~over~~of ~~financial reporting~~$381,110.

2324

~~PART~~NEED IIFOR ~~– OTHER~~ADDITIONAL ~~INFORMATION~~FINANCING

~~ITEM~~We 1estimate our upcoming operating expenses to increase substantially as we transcend from development stage to operating stage and maybe as much as $24,000,000.00 ~~LEGAL~~over ~~PROCEEDINGS~~the coming year. We do not have any commitments for capital expenditures however we do anticipate entering into commitments to secure acquisitions. We believe we will need additional funds to cover our expenses and acquisitions for the next twelve months. Our need for capital may change dramatically as we pursue our business plan during that period. At present, we have no material understandings, commitments or agreements with respect to the acquisition of any business venture or capital commitments. Further, we cannot assure that we will be successful in consummating business opportunities on favourable terms, or we will be able to profitably manage any business opportunities. Should we require additional capital, we may seek additional advances from officers, sell common stock or find other forms of debt financing.

~~Our~~There is no guarantee the Company iswill not aneed ~~party~~ to ~~any~~raise ~~bankruptcy~~further significant capital over the next year, ~~receivership~~some orof ~~other~~which ~~legal~~may ~~proceeding~~need ~~currently~~to be done by way of selling equity in the Company or its subsidiaries. Depending on the market price and the terms that can be negotiated this will result in the dilution of current shareholders of the Company’s stock or earnings from proposed plants.

ITEM 23. ~~UNREGISTERED~~QUANTITATIVE ~~SALES~~AND OFQUALITATIVE ~~EQUITY~~DISCLOSURES ~~SECURITIES~~ABOUT ~~AND~~MARKET ~~USE OF PROCEEDS~~RISK.

0Not ~~shares~~required ofby ~~Company~~smaller ~~securities~~reporting ~~were sold during the three months ended June 30, 2021~~companies.

ITEM 34T. ~~DEFAULTS~~CONTROLS ~~UPON~~AND ~~SENIOR SECURITIES~~PROCEDURES.

~~None~~(a)Evaluation of Disclosure Controls and Procedures. The Company’s management is responsible for establishing and maintaining adequate internal control over financial reporting (as defined in Rule 13a-15(f) under the Securities Exchange Act of 1934, as amended). We are committed to maintaining disclosure controls and procedures designed to ensure that information required to be disclosed in our periodic reports filed under the Securities Exchange Act of 1934, as amended, or the Exchange Act, is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms, and that such information is accumulated and communicated to our management, including our chief executive officer and chief financial officer, as appropriate, to allow for timely decisions regarding required disclosure.

~~ITEM~~In 4.designing ~~REMOVED~~and ~~AND~~evaluating ~~RESERVED~~our disclosure controls and procedures, management recognizes that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives, and management necessarily is required to apply its judgment in evaluating the cost-benefit relationship of possible controls and procedures and implementing controls and procedures.

~~None~~Under the supervision and with the participation of our management, including our principal executive officer and principal financial officer, we conducted an evaluation of our disclosure controls and procedures, as such term is defined under Rules 13a-15(e) and 15d-15(e) promulgated under the Exchange Act. Based on this evaluation, our principal executive officer and our principal financial officer concluded that our disclosure controls and procedures were effective at a reasonable assurance level as of September 30, 2021, the end of the period covered by this report.

~~ITEM~~(b)Changes 5in Internal Control over Financial Reporting. ~~OTHER~~There ~~INFORMATION~~were no changes in the Company's internal controls or procedures over financial reporting, known to the chief executive officer or the chief financial officer that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the Company's internal control over financial reporting.

Up to the period ended June 30, 2021, the Company worked diligently on its business and maintaining its reporting status with the SEC. However due to finances we are forced to file our Annual Report without auditors review the company is delinquent in required filings with the SEC as determined by the NASD. Because of filing unaudited statements and changes to the over the counter bulletin board (“OTCBB”) we were downgraded from the OTCQB to the OTC Pinks. When we amend our filings to include audited statements for 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019 and 2020 we can reapply to the OTCBB for a OTCQB listing. We have started the process of engaging a US accounting firm to prepare all filings and financial statements for the auditors subject to funding. 25

~~ITEM~~PART 6.II ~~EXHIBITS~~- ~~AND~~OTHER ~~REPORTS ON FORM 8-K.~~INFORMATION

~~(a)~~ITEM ~~Exhibits~~1. LEGAL PROCEEDINGS.

~~Copies~~Our ofCompany ~~the~~is ~~following~~not ~~documents~~a ~~are~~party ~~included as exhibits~~ to ~~this~~any ~~report~~bankruptcy, ~~pursuant~~receivership toor ~~Item~~other ~~601~~legal ofproceeding ~~Regulation S-K~~currently.

Exhibit No.	Title of Document	Location
31.1	Certification of the Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002	Attached
31.2	Certification of the Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002	Attached
32.1	Certification of the Principal Executive Officer pursuant to U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002*	Attached
32.2	Certification of the Principal Financial Officer pursuant to U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002*	Attached

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

~~(b)~~0 ~~Reports~~shares onof ~~Form~~Company ~~8-K~~securities ~~(none)~~were sold during the three months ended September 30, 2021.

*TheITEM ~~Exhibit~~3. ~~attached~~DEFAULTS toUPON ~~this~~SENIOR Form 10-Q shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act") or otherwise subject to liability under that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filingSECURITIES.

24None

~~SIGNATURES~~ITEM 4. REMOVED AND RESERVED

~~Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized~~None.

	TRANSACT ENERGY CORP.
Date: July 15, 2021	By:	/s/ Rod Bartlett
		Rod Bartlett
		President, Chief Executive Officer

ITEM 5. OTHER INFORMATION.

25Up to the period ended September 30, 2021, the Company worked diligently on its business and maintaining its reporting status with the SEC. However due to finances we are forced to file our Annual Report without auditors review the company is delinquent in required audited filings with the SEC as determined by the NASD. Because of filing unaudited statements and changes to the over-the-counter bulletin board (“OTCBB”) we were downgraded from the OTC Pinks to the OTC Experts on September 28, 2021. When we amend our filings to include audited statements for 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019 and 2020 we can reapply to the OTCBB for a OTCQB listing. We have started the process of engaging a US accounting firm to prepare all filings and financial statements for the auditors subject to funding.

ITEM 6. EXHIBITS AND REPORTS ON FORM 8 K.

(a) Exhibits

Copies of the following documents are included as exhibits to this report pursuant to Item 601 of Regulation S-K.

Exhibit No.	Title of Document	Location

31.1	Certification of the Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002	Attached
31.2	Certification of the Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002	Attached
32.1	Certification of the Principal Executive Officer pursuant to U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002*	Attached
32.2	Certification of the Principal Financial Officer pursuant to U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002*	Attached

(b) Reports on Form 8-K (none)

*The Exhibit attached to this Form 10-Q shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act") or otherwise subject to liability under that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.

	TRANSACT ENERGY CORP.

Date: October 7, 2021	By: /s/ Rod Bartlett
	Rod Bartlett
	President, Chief Executive Officer

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