U.S. SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 10-Q

Mark One

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

For the quarterly period ended September 30, 2015

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

For the transition period from _______ to _______

COMMISSION FILE NO. 000-53389

DOUBLE CROWN RESOURCES, INC.

(Name of small business issuer in its charter)

NEVADA

98-0491567

(State or other jurisdiction of

incorporation or organization)

(I.R.S. Employer

Identification No.)

10120 S. Eastern Ave.

SUITE 200

HENDERSON, NEVADA 89052

(Address of principal executive offices)

707-961-6016

(Issuer's telephone number)

Indicate by checkmark whether the issuer: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes x No o

Indicate by checkmark 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 (Section 229.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files. Yes x No o

Indicate by checkmark whether the registrant is a large accelerated filed, 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	o	Accelerated filer	o
Non-accelerated filer	o	Smaller reporting company	x

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

Applicable Only to Corporate Registrants

Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date:

Class:		Outstanding as of November 20, 2015:
Common Stock, $0.001		507,306,815

DOUBLE CROWN RESOURCES, INC.

Form 10-Q

For the Quarterly Period ended September 30, 2015

Table of Contents

		Page

EXPLANATORY NOTE			3

NOTICE REGARDING FORWARD-LOOKING STATEMENTS			3

PART I.	FINANCIAL INFORMATION

Item 1.	Financial Statements (Unaudited)		4

	Condensed Consolidated Balance Sheets as of September 30, 2015 (unaudited) and December 31, 2014		4

	Condensed Consolidated Statements of Operations for the Three and Nine Months Ended September 30, 2015 and 2014 (unaudited)		5

	Condensed Consolidated Statements of Cash Flows for the Nine Months Ended September 30, 2015 and 2014 (unaudited)		6

	Notes to Condensed Consolidated Unaudited Financial Statements		7

Item 2.	Management's Discussion and Analysis of Financial Condition and Results of Operations		14

Item 3.	Quantitative and Qualitative Disclosures About Market Risk		20

Item 4.	Controls and Procedures		21

PART II.	OTHER INFORMATION

Item 1.	Legal Proceedings		23

Item 1A	Risk Factors		23

Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds		24

Item 3.	Defaults Upon Senior Securities		24

Item 4	Mine Safety Disclosure		24

Item 5.	Other Information		24

Item 6	Exhibits		25

SIGNATURES			27

EXHIBITS

EXPLANATORY NOTE

Unless the context otherwise indicates, all references in this Quarterly Report on Form 10-Q ("Report") to "we," "us," "our," "Double Crown," and the "Company" are to Double Crown Resources, Inc., a Nevada corporation, and its consolidated subsidiaries. All financial information with respect to the Company has been presented in United States dollars in accordance with U.S. generally accepted accounting principles.

STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

Certain statements contained in this report on Form 10-Q may constitute forward-looking statements within the meaning of applicable securities laws. All statements, other than statements of historical facts, are forward-looking statements. Forward-looking statements include statements about matters such as: future prices and sales of, and demand for, our products; future industry market conditions; future changes in our exploration activities, production capacity and operations; future exploration, production, operating and overhead costs; operational and management restructuring activities (including implementation of methodologies and changes in the board of directors); future employment and contributions of personnel; tax and interest rates; capital expenditures and their impact on us; nature and timing of restructuring charges and the impact thereof; productivity, business process, rationalization, investment, acquisition, consulting, operational, tax, financial and capital projects and initiatives; contingencies; environmental compliance and changes in the regulatory environment; and future working capital, costs, revenues, business opportunities, debt levels, cash flows, margins, earnings and growth. The words "believe," "expect," "anticipate," "estimate," "project," "plan," "should," "intend," "may," "will," "would," "potential" and similar expressions identify forward-looking statements, but are not the exclusive means of doing so. These statements are based on assumptions and assessments made by our management in light of their experience and their perception of historical and current trends, current conditions, possible future developments and other factors they believe to be appropriate. Forward-looking statements are not guarantees, representations or warranties and are subject to risks and uncertainties that could cause actual results, developments and business decisions to differ materially from those contemplated by such forward-looking statements. Some of those risks and uncertainties include the risk factors discussed in Item 1A, "Risk Factors" and the following: current global economic and capital market uncertainties; the speculative nature of mineral exploration; operational or technical difficulties in connection with exploration or mining activities; contests over our title to properties; potential dilution to our stockholders from our recapitalization and balance sheet restructuring activities; potential inability to continue to comply with government regulations; adoption of or changes in legislation or regulations adversely affecting our businesses; permitting constraints or delays, business opportunities that may be presented to, or pursued by, us; changes in the United States or other monetary or fiscal policies or regulations; interruptions in our production capabilities due to unexpected equipment failures; fluctuation of prices for certain commodities (such as barite, water, diesel fuel, and electricity); changes in generally accepted accounting principles; geopolitical events; potential inability to implement our business strategies; potential inability to grow revenues organically; potential inability to attract and retain key personnel; interruptions in delivery of critical supplies and equipment raw materials due to credit or other limitations imposed by vendors; assertion of claims, lawsuits and proceedings against us; potential inability to maintain an effective system of internal controls over financial reporting; potential inability or failure to timely file periodic reports with the SEC; potential inability to list our securities on any securities exchange or market; and work stoppages or other labor difficulties. Occurrence of such events or circumstances could have a material adverse effect on our business, financial condition, results of operations or cash flows or the market price of our securities. All subsequent written and oral forward-looking statements by or attributable to us or persons acting on our behalf are expressly qualified in their entirety by these factors. We undertake no obligation to publicly update or revise any forward-looking statement.

PART I - FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS.

DOUBLE CROWN RESOURCES, INC.

CONDENSED CONSOLIDATED UNDAUDITED BALANCE SHEETS

	September 30,			December 31,
	2015			2014
Assets:
Current assets
Cash	$	41,152		$	20,410
Prepaid Expense		114,264			-
Deposit with Supplier		631,750			-
Total current assets		787,166			20,410
Fixed Assets, Net of Accumulated Depreciation		36,972			35,247
Total Assets	$	824,138		$	55,657

Liabilities:
Current Liabilities
Accounts Payable and Accrued Expenses	$	1,021,153		$	908,699
Note Payable, Related Party		106,596			106,596
Disputed Debt		695,588			695,588
Accrued Interest, Related Party		45,981			37,918
Accrued Interest		335,148			272,546
Notes Payable, Term and Auto - current		757,150			7,150
Mineral Prospect Obligation		75,000			50,000
Deferred Revenue - current		1,075,874			11,000
Total Current Liabilities		4,112,490			2,089,497
Deposit Payable		50,000			50,000
Note Payable, Term and Auto		2,989			8,011
Mineral Prospect Obligation		112,833			126,835
Deferred Revenue		154,163			162,413
Total Long Term Liabilities		319,985			347,259

Total liabilities		4,432,475			2,436,756

Stockholders' Deficit
Common stock; 1,000,000,000 shares authorized at $0.001 par value; 507,306,815 and 496,141,815 shares issued and outstanding, respectively		507,307			496,142
Additional paid-in capital		7,299,655			7,050,770
Retained Deficit		(11,415,299	)		(9,928,011	)
Total Stockholders' Deficit		(3,608,337	)		(2,381,099	)
Total Liabilities and Stockholders' Deficit	$	824,138		$	55,657

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

DOUBLE CROWN RESOURCES, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

	Three Months Ended						Nine Months Ended
	September 30,			September 30,			September 30,			September 30,
	2015			2014			2015			2014

Revenues	$	2,750		$	2,750		$	8,250		$	5,500

Operating Expenses:
Research and development		2,180			-			65,456			-
Professional fees		25,698			522,466			175,263			1,155,460
Office - general expenses		177,432			24,869			348,182			798,863
General expenses - related party		120,921			33,080			197,544			43,080
Total Operating Expenses		326,231			580,415			786,445			1,997,403

Operating Loss		(323,481	)		(577,665	)		(778,195	)		(1,991,903	)

Other Expenses
Loss on Settlement		-			-			600,000			-
Interest Expense - related party		31,949			4,322			38,425			12,847
Interest Expense		23,556			23,556			70,668			70,668
Total Other Expenses		55,505			27,878			709,093			83,515

Net Loss Before Income Taxes		(378,986	)		(605,543	)		(1,487,288	)		(2,075,418	)

Income Tax		-			-			-			-

Net Loss	$	(378,986	)	$	(605,543	)	$	(1,487,288	)	$	(2,075,418	)

Loss per Share, Basic & Diluted	$	(0.00	)*	$	(0.00	)*	$	(0.00	)*	$	(0.00	)*

Weighted Average Shares Outstanding		494,780,728			485,635,981			490,382,545			475,217,921

* denotes a loss of less than ($0.01) per share

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

DOUBLE CROWN RESOURCES, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

	Nine Months Ended
	September 30,			September 30,
	2015			2014
CASH FLOW FROM OPERATING ACTIVITIES:
Net loss for the period	$	(1,487,288	)	$	(2,075,418	)
Adjustments to reconcile net loss from operations to net cash provided by (used in) operating activities:
Loss on Settlement		600,000			-
Shares issued for services		215,800			444,440
Depreciation		14,403			10,023
Change in Operating Assets and Liabilities:
(Increase) in Prepaid Expense		(114,264	)		-
(Increase) in Deposit with Supplier		(631,750	)		-
Increase in Deferred Revenue		1,056,624			179,500
Increase in Accounts Payable and Accrued Expenses		112,454			731,065
Increase in Accrued Interest, related party		8,063			-
Increase in Accrued Interest		62,602			70,667
Net cash (used in) Operating Activities		(163,356	)		(639,723	)

CASH FLOW FROM INVESTING ACTIVITIES:
Purchase of Fixed Assets		(16,128	)		(11,860	)
Net Cash (used in) Investing Activities		(16,128	)		(11,860	)

CASH FLOW FROM FINANCING ACTIVITIES:
Proceed from Loans		150,000			8,429
Repayment of Loans		(5,022	)		-
Net change in mineral prospect obligation		10,998			11,178
Proceeds from Issuance of Common Stock		44,250			601,384
Net Cash provided by Financing Activities		200,226			621,441

Net Increase (Decrease) in Cash		20,742			(30,142	)
Cash at Beginning of Period		20,410			43,151
Cash at End of Period	$	41,152		$	13,009

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid for interest	$	2,430		$	1,669
Cash paid for franchise and income taxes	$	-		$	-

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

DOUBLE CROWN RESOURCES, INC

Notes to Condensed Consolidated Unaudited Financial Statements

For the Three and Nine Month Periods Ended September 30, 2015 and 2014

NOTE 1 – ORGANIZATION AND DESCRIPTION OF BUSINESS

Double Crown Resources, Inc. ("Double Crown Resources" or the "Company") was organized under the laws of the State of Nevada on March 23, 2006 to explore mining claims and property in North America.

While we have not discontinued our prior business plan, we have expanded the plan and shifted our focus to the oilfield services and logistics sectors. We are in the process of negotiating contracts to supply industrial quantities of commodities to onshore and offshore oil and gas drilling operations in the United States. We believe that the growing movement for energy independence in the United States will lead to an increased number of oil and gas wells being drilled and put into production throughout the country and off-shore. Many of these wells required hydraulic fracturing (fracking) to access the oil and gas reserves trapped in hundreds of miles of brittle shale rock thousands of feet below the surface. The hydraulic fracturing process requires a number of specialized commodities, including a unique type of sand, known as "frac-sand" or proppant that can hold its shape under intense pressure and heat and is porous enough to allow thousands of gallons of oil or millions of cubic feet of gas to seep through it to the drill pipe. A typical frac-well will use 2,200 tons of this type of frac sand. Other materials required for hydraulic fracturing include guar gum, barite, and a variety of industrial chemicals.

NOTE 2 – GOING CONCERN

The Company's financial statements as of September 30, 2015 have been prepared using generally accepted accounting principles in the United States of America applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not yet established an ongoing source of revenues sufficient to cover its operating costs and allow it to continue as a going concern. The Company has incurred a cumulative net loss from inception (March 23, 2006) through September 30, 2015 of $11,415,299.

In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management's plan is to obtain such resources for the Company by obtaining capital from management and significant shareholders sufficient to meet its minimal operating expenses and seeking equity and/or debt financing. However management cannot provide any assurances that the Company will be successful in accomplishing any of its plans. These financial statements do not include any adjustments related to the recoverability and classification of assets or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

NOTE 3 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

(A)

Basis of Presentation

These financial statements are presented in United States dollars and have been prepared in accordance with United States generally accepted accounting principles. The Company has adopted a December 31 year end.

(B)

Condensed Unaudited Interim Financial Statements

The accompanying unaudited interim condensed financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and the rules and regulations of the Securities and Exchange Commission ("SEC") for interim financial reporting. Accordingly, these unaudited interim condensed financial statements do not include all information and footnote disclosures required for an annual set of financial statements prepared under United States generally accepted accounting principles. In the opinion of our management, all adjustments, consisting of normal recurring adjustments, considered necessary for a fair presentation of the financial position, results of operations and cash flows as of September 30, 2015 and for the interim periods presented herein have been reflected in these unaudited interim condensed financial statements and the notes thereto. Interim results included herein are not necessarily indicative of the results to be expected for the fiscal year as a whole. These unaudited interim condensed financial statements should be read in conjunction with the audited financial statements and accompanying notes for the fiscal year ended December 31, 2014, included in its Annual Report on Form 10-K filed April 10, 2015.

(C)

Principles of Consolidation

The accompanying September 30, 2015 condensed consolidated financial statements include the accounts of Double Crown Resources, Inc. and its wholly owned subsidiary, DDCC Marketing Group, LLC. All intercompany accounts have been eliminated upon consolidation.

(D)

Use of Estimates

In preparing financial statements in conformity with generally accepted accounting principles, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and revenues and expenses during the reported period. Actual results could differ from those estimates. Significant estimates include estimated useful lives and potential impairment of property and equipment, estimate of fair value of share based payments and derivative instruments and recorded debt discount, valuation of deferred tax assets and valuation of in-kind contribution of services and interest.

(E)

Cash and Cash Equivalent

The Company considers all highly liquid temporary cash investments with an original maturity of three months or less to be cash equivalents. At September 30, 2015 and December 31, 2014, the Company had no cash equivalents.

(F)

Fixed Assets

Fixed assets are recorded at cost. Major renewals and improvements are capitalized, while maintenance and repairs are expensed when incurred. Expenditures for major additions and betterments are capitalized in amounts greater than or equal to $1,000. Depreciation of equipment is computed by the straight line method (after taking into account their respective estimated residual values) over the assets estimated useful life three (3), five (5), or seven (7) years. Upon sale or retirement of equipment, the related cost and accumulated depreciation are removed from the accounts and any gain or loss is reflected.

(G)

Loss Per Share

In accordance with the accounting guidance now codified as FASB ASC Topic 260, "Earnings per Share" basic loss per share is computed by dividing net loss by weighted average number of shares of common stock outstanding during each period. Diluted loss per share is computed by dividing net loss by the weighted average number of shares of common stock, common stock equivalents and potentially dilutive securities outstanding during the period.

The computation of basic and diluted loss per share at September 30, 2015 excludes the common stock equivalents of the following potentially dilutive securities because their inclusion would be anti-dilutive. There were no potentially dilutive debt or equity instruments issued and outstanding during the three and nine months ended September 30, 2015 and hence below are the weighted average shares for the nine months ended September 30, 2015.

	September 30, 2015

Weighted Average Shares		490,382,545
Total		490,382,545

(H)

Operating Leases

The Company leased office space in Houston, Texas which expired in March of 2015 for $8,000 per month. The Company also leases space in Henderson, Nevada on a month to month lease of $125 per month. The Company also leases a corporate apartment in Houston, Texas on a month to month basis for a base rent of $3,100.

(I)

Recent Accounting Pronouncements

The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and does not believe the future adoption of any such pronouncements may be expected to cause a material impact on its financial condition or the results of its operations.

(J)

Reclassifications

Prior year amounts have been reclassified to conform to the current year presentation.

NOTE 4 – PROPERTY AND EQUIPMENT

	September 30, 2015			December 31, 2014			Estimated Useful Life
Automobiles		41,979			25,851		3 years
Computers and Furniture and Fixtures		25,912			25,912		3-5 years
Total		67,891			51,763
Less: Accumulated Depreciation		(30,919	)		(16,516	)
Property and Equipment, Net	$	36,972		$	35,247

Depreciation expense for the nine months ended was $14,403 for 2015 and $10,023 for 2014, respectively.

NOTE 5 – RELATED PARTY TRANSACTIONS

Note Payable, Related Party

In the year ended December 31, 2010, the Company entered into a five-year consulting agreement dated October 1, 2010 with Dr. Stewart Jackson ("Jackson"), pursuant to which Jackson, as the chief executive officer and a member of the Board of Directors, was to provide certain consulting services to the Company including, but not limited to, contact with precious metal assets for acquisition in North America. After the change in management, the Company recognized the future remaining obligation based on the contract to Mr. Jackson and accrued it at its present value using a 12% discount rate over fifty-one months. This resulted in an $89,596 being recorded as a former related party debt.

Interest expense of $37,928 has been recorded prior to 2015, with $10,751 recorded for the nine months ended September 30, 2015 for a total debt of $135,577. The Company is disputing this liability.

In addition the Company received four loans equaling $17,000. The loans are due on demand without interest from a related party.

The total of the above liabilities as shown in the Balance Sheet is $152,577.

Director Compensation

For the nine months ended September 30, 2015 the Company has paid $197,544 in consulting fees to directors and officers for services rendered and $43,080 for the nine months ended September 30, 2014.

NOTE 6 – UNEARNED REVENUE AND DEPOSITS

The Company entered into a royalty agreement for its Transprop AGG transfer container system on April 8, 2014 with an initial term of 120 months. The Company received $110,000 in exchange for a one quarter of one percent (0.25%) royalty from the net profits of all sales, leases, or other commercial disposition of the Transprop AGG system. Royalties are not payable until the first calendar quarter in which the Company achieves an operating profit from its sales of the Transprop AGG system. Earnings for the nine months ended September 30, 2015 and 2014 were $8,250 and $5,500, respectively.

The Company also received and included $72,580 in deferred revenue, which will be earned when the Company achieves certain mining goals.

In the quarter ended June 30, 2015, the Company received $1,064,874 as an advance payment for the delivery of "barite mesh" which is used primarily in offshore oil drilling. The barite is mined first in rock form, then ground to 200 mesh, transported from a processing plant as bagged product, and shipped. The ground barite is known as 200 mesh.

The Company, during the same period, paid a processing plant $357,000 to begin processing barite mesh for the Company's customer and made a second payment during the quarter ended September 30, 2015 of $274,750 totaling $631,750. This has been included in the balance sheet as a deposit with suppliers.

The Company anticipates completing the process and recognizing sales and costs upon delivery by the fourth quarter of 2015.

The Company also received $50,000 in June 2014 as a deposit until such time as certain mineral rights production is commenced.

Unearned revenue totals as shown on the balance sheet are the $1,064,874 plus $165,163 equaling $1,230,037 of which $11,000 and $1,064,874 or $1,075,874 is shown as a short term unearned or deferred revenue and $154,163 as long-term unearned or deferred revenue.

NOTE 7 – COMMITMENTS AND CONTINGENCIES

Contractual Commitments

Mineral Prospect Obligation - Effective on February 9, 2011, the Company entered into an agreement ("the Option) between the Company and Richard and Gloria Kwiatkowski ("the Seller"). The Option provides for the development of 136 claim units covering a series of nickel-colbalt-gold-platinum group element prospects, which prospects are located 35 kilometers northwest of Thunder Bay, Ontario (the "Prospects").

In accordance with the terms and provisions of the Option: (i) upon execution of certain documentation and transfer of title, the Company paid $5,000 and issued 250,000 shares of common stock to the Kwiatkowskis; (ii) at the end of year one, February 9, 2012, the Company issued Kwiatkowskis 512,821 shares as payment which was valued at $20,000 (fair market value $0.039 per share); (iii) At the end of year two, February 9, 2013, the Company paid to Kwiatkowskis a further $30,000 by issuing 2,727,300 shares of stock; (iv) each anniversary thereafter, the Company shall pay to Kwiatkowskis $25,000 as advance royalty payment until the sum of $200,000 has been paid; (v) the Company shall further make payment to Kwiatkowskis of 3% NSR royalty on all production from the Prospects, which royalty may be purchased by the Company as to 1.5% of the 3% for the sum of $1,500,000 in increments of $500,000 per 0.5% NSR; and (vi) the Company shall commit to expenditures of $200,000 on the Prospects. This expenditure commitment is triggered when the Company has secured financing to enable itself to proceed.

The Company's royalty claim commitments are presented at the present value of expected future cash flows resulting in a liability of $124,200. Interest on the discounted royalty claims accrues at 12% per annum. Accrued interest was $63,633 as of September 30, 2015 net of the $2,000 payment made during August 2014. As of September 30, 2015, the liability balance was $187,833, and included $75,000 in past due amounts and $112,833 due long term.

Barite Mesh Processing – During the quarter ended June 30, 2015, the Company entered into a contract for the delivery of "barite mesh" and received $1,064,874 as an advance payment. The Company made payments to a processing plant totaling $631,750 to process barite mesh for this customer. The Company is obligated to deliver the product to the customer upon completion of the barite mesh processing.

Legal Proceedings

On August 9, 2011, a complaint was filed in the Supreme Court of British Columbia, File No. S-115321, by Falco Investments, Inc. ("Falco") naming us as a defendant (the "Complaint"). In the Complaint, Falco alleges that we owe $690,588 as compensation for corporate work performed by Falco through June 30, 2011. We have responded in our answer and stated that we do not owe the $690,588 for such services allegedly performed by Falco since there was no written contract between us and Falco. We have amended our counterclaim to name additional parties, in addition to the former president/chief executive officer, Dr. Stewart Jackson and Donald Rutledge and Leslie Rutledge as defendants. The Company cannot predict the outcome of the Falco litigation at this time.

On July 24, 2014, Glenn Soler ("Soler"), a former director of our Company, initiated a lawsuit against Double Crown and certain officers/directors of the company asserting claims of breach of contract, fraud-common law, negligent misrepresentation, fraud in stock transaction, conspiracy, and promissory estoppel seeking money damages, common stock, attorney's fees and exemplary damages. Glenn Soler vs. Double Crown Resources; Cause No. 2014-42563, pending in Harris County, Texas. As of December 31, 2014, Double Crown was the only Defendant served. Double Crown answered the suit, denying all of Soler's claims and seeking proof of same and specifically denying Soler's claim for shares. Double Crown asserted multiple affirmative defenses including: estoppel, failure to mitigate, conditions precedent, lack of consideration, failure of consideration, unclean hands, impossibility, illegality, duress, business compulsion, prior material breach and fraud. Double Crown also asserted counterclaims including: breach of fiduciary duty, breach of contract seeking damages in excess of $100,000.00 and attorney's fees. Recently, the Court denied Soler's Motion for Summary Judgment, in which he asked the Court to determine as a matter of law that he was entitled to prevail on his claims. It is too early in the case to determine Double Crown's exposure as there has been no discovery matter. We believe that Soler's claims are defensible.

NOTE 8 – STOCKHOLDERS' DEFICIT

Authorized

On June 6, 2015, by certificate of amendment the Company increased its authorized shares to 1,000,000,000 shares of common stock,

Shares Issued

During the first quarter of 2015, the Company cancelled 13,000,000 shares of stock previously issued for services and returned voluntarily. The Company issued 4,440,000 shares of stock of which 3,390,000 was issued for cash received prior of $33,900, and 1,050,000 shares for cash of $10,500. The Company also received $3,250 in advanced of shares issued.

In the second quarter of 2015, 1,775,000 shares were issued of which 1,475,000 shares were issued for subscriptions previously paid of $14,750 and 300,000 shares were issued for cash of $1,500.

In the third quarter of 2015, the Company issued 17,950,000 shares of stock. Of this amount, 2,900,000 shares were issued for cash of $29,000, 50,000 shares for cash paid during a previous period, and 15,000,000 shares for services valued at market, of which $101,536 was earned, and $114,264 will be earned in future periods and are shown in the statement of equity as shares to be earned.

Stock Warrants

No warrants were issued or outstanding during the three and nine months ended September 30, 2015 and 2014.

NOTE 9 – DEBT RELATED PARTY/ACCRUED INTEREST RELATED PARTY

As of June 15, 2011, former management of the Company signed a resolution approving the issuance of promissory notes in the amount of $271,331 to Falco Investments, Inc. New management of the Company now believes that the old management was not acting in the best interest of the Company when they authorized these expenses and subsequently approved the issuance of the notes. The Company has recorded the balance of $1,030,736 due to Falco Investments, Inc. of which $695,588 as a disputed debt and $335,148 as accrued interest to September 30, 2015. The Company has decided to contest the current balance claimed to be due to Falco. Falco Investments initiated a lawsuit referred to in Note 8 in November of 2011 which has not progressed.

While the amount is deemed frivolous the Company has included this debt on the balance sheet until an eventual resolution is completed.

NOTE 10 – NOTES PAYABLE

The Company also received a $150,000 no interest bearing loan due May 31, 2015, which has been extended to March 31, 2016. The Company incurred an interest penalty of $25,000 to extend the loan. The new amount owed is $175,000.

On May 23, 2013, Double Crown Resources, Inc. initiated suit against Synergy Natural Resources, LLC ("Synergy") in the United States District Court for the Southern District of Texas (Houston Division), requesting declaratory relief relating to alleged trade secrets and rights to patent protection on Double Crown's commodity transport container system. Synergy asserted counterclaims including misappropriation of trade secrets, breach of contract, tortious interference with prospective contracts or business relations, and business disparagement. On October 6, 2014, following full-day mediation before former judge Alvin L. Zimmerman, Double Crown and Synergy representatives reached an agreement in principle regarding settlement of the litigation. To avoid the cost and uncertainty of litigation, Double Crown, without admitting any liability, agreed to pay Synergy a total of $630,000 within one year, plus three million shares of stock. In return, Synergy agreed to dismiss its remaining claims against, and indemnify, Double Crown regarding any third party claims arising from the Synergy's claims. Under the agreement outlined in the final settlement documents and approval by the Court, both parties will be free to pursue their respective commodity transport container systems. As part of the settlement agreement, Double Crown paid $30,000 and executed a $600,000 promissory note. The promissory note requires an initial payment of $25,000 six months from the date of the settlement agreement with additional $25,000 payments each month thereafter until paid. As of the date of this report, only one of the $25,000 monthly installment payments has been made.

NOTE 11 – SUBSEQUENT EVENTS

The Company has issued an additional 3,000,000 shares of stock in connection with the settlement of the Synergy lawsuit.

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS of financial condition and results OF OPERATIONS.

The following discussion and analysis is based upon our consolidated financial statements, which have been prepared in accordance with accounting principles generally accepted in the United States, and should be read in conjunction with our financial statements and related notes. We incorporate by reference into this Report our audited financial statements for the years ended December 31, 2014 and 2013. The preparation of these financial statements requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue and expenses, and related disclosure of contingent assets and liabilities. Management bases its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions. In addition, the following discussion and analysis contains forward-looking statements that involve risks and uncertainties, including, but not limited to, those discussed in "Forward Looking Statements" and elsewhere in this Report.

The following management's discussion and analysis is intended to assist in understanding the principal factors affecting our results of operations, liquidity, capital resources and contractual cash obligations. This discussion should be read in conjunction with our consolidated financial statements which are incorporated by reference herein, information about our business practices, significant accounting policies, risk factors, and the transactions that underlie our financial results, which are included in various parts of this filing.

Unless the context otherwise indicates, the terms "Double Crown," "we," "us," "our," "our Company" or "the Company" mean Double Crown Resources, Inc. and its consolidated subsidiaries.

Overview of Business

We are an exploration stage company and have not generated any significant revenue to date. We have incurred recurring losses to date. Our financial statements have been prepared assuming that we will continue as a going concern and, accordingly, do not include adjustments relating to the recoverability and realization of assets and classification of liabilities that might be necessary should we be unable to continue in operation.

Our business plan had been focused on building a portfolio of producing mineral properties through acquisition of properties that are in production or have the potential for near-term production. Pursuit of this business strategy requires our ability to secure significant funding, which we have not secured to date.

While we have not discontinued our prior business plan, we have expanded the plan and shifted our focus to the oilfield services and logistics sectors. We are in the process of negotiating contracts to supply industrial quantities of commodities to on-shore and off-shore oil and gas drilling operations in the United States. We believe that the growing movement for energy independence in the United States will lead to an increased number of oil and gas wells being drilled and put into production throughout the country and off-shore. Many of these wells require hydraulic fracturing (fracking) to access the oil and gas reserves trapped in hundreds of miles of brittle shale rock thousands of feet below the surface. The hydraulic fracturing process requires a number of specialized commodities, including a unique type of sand, known as "frac-sand" or "proppant," that can hold its shape under intense pressure and heat and is porous enough to allow thousands of gallons of oil or millions of cubic feet of gas to seep through it to the drill pipe. A typical frac-well will use 2,200 tons of this type of frac-sand. Other materials required for hydraulic fracturing include guar gum, barite, and a variety of industrial chemicals.

We intend to participate in negotiations and discussions with potential joint venture parties regarding sourcing frac-sand, barite, guar gum and various industrial chemicals and establishing the infrastructure to deliver these materials to oil and gas drilling sites. As part of this business strategy, in March of 2013, we became an authorized dealer for the chemicals division of American International Sealing, LLC, granting us U.S. marketing rights for a slate of industrial chemicals used in hydraulic fracturing, bioremediation and pipeline chemical cleaning functions.

In early 2015 the oilfield services industry experienced restructuring and reorganizing to meet current market demands for drilling. As a result, the customers of many oilfield service companies, including our own, have reduced or modified their drilling projects. Our potential customers have continued to request salesquotationsforindustrialquantitiesofdrillingmaterialsforoilfieldprojects, and we hope to complete a sales contract for such commodities in the near term.

Also in March 2013, we executed a Memorandum of Understanding with Synergy Natural Resources, LLC ("Synergy"), a Georgia-based industrial design and manufacturing company (the "Synergy MOU") to acquire Synergy and its assets, which included the PASSBox, a large capacity, single transfer method of shipping hydraulic fracturing sand or other critical aggregate materials used for petroleum drilling. Thereafter, we terminated the Synergy MOU and developed the Transprop AGG, a proprietary double stack interlock single transfer container system for high efficiency transport of high tonnage aggregate cargo. We filed a provisional patent application for the Transprop AGG in April 2013 and this provisional patent application has since expired. Based on new developments, technology and design, we filed a new provisional patent application on April 11, 2014. As discussed elsewhere in this quarterly report, in May 2013, we initiated suit against Synergy, requesting declaratory relief on our right to patent prosecution regarding the Transprop AGG and Synergy's claims relating to our alleged use of Synergy's trade secrets. Synergy filed counterclaims alleging that we misappropriated its trade secrets in developing the Transprop AGG. This suit was settled in November 2014. (See Part II, Item 1, "Legal Proceedings.")

We have advanced the design of the container system. On October 29, 2014, we filed another provisional patent application containing further updates to the technology and design of the unit contained in the provisional patent filing of April 11, 2014. On October 30, 2014, we announced the Translock² (Trans-lock Squared), the redesigned, aggregate material transport system for water, road and rail shipments. The design goal of Translock² was to use a standardized system for the majority of products–a system that is universal and superior to the previous prototype (Transprop AGG). The Company believes that the Translock² can offer a solution to the significant capacity shortage in the North American rail industry which has been precipitated by the rapidly growing demands of the shale oil and gas drilling boom. Translock² can be used to convert ordinary flatbed rail cars, which are available in plentiful supply but generally not useful for aggregate cargo, into 100 ton, sealed aggregate commodity carriers. This will free the existing covered container rail cars to service all other industries.

The Translock² matches existing globally accepted container size, dimensions, weight restrictions, pick up points, and delivery conveyance systems. The Translock² is unique in that it allows the containers to be connected once they reach their point of destination. A vertical interlock allows the material in the two upper containers to gravity feed into the lower containers. Once the vertical connections have been made, the horizontal interlock connects the two lower containers via the venturi/pneumatic conveyance system. Thus, one connection can be made and the total cargo can be transferred into hoppers, silos, mixers and/or conveyors. This new, patent pending technology will allow the current overburdened container cars to unload their product and continue on to their ultimate destination, rather than sitting at the various transload facilities as storage silos.

A standard rail car can transport a maximum of 100 tons of aggregate material. By connecting four Translock² containers, this system is able to duplicate that same quantity of material to be transferred at close to the current transfer rate. Unlike a covered rail car, Translock² containers can be off-loaded and used as silos and/or storage to be transferred at a time of choice. These units can carry aggregates, chemicals, fluids, and virtually all types of commodity products. Some Translock² containers will be industry specific and will have industry specific hoses, valves, attachments, liners, etc., and conveyance delivery systems. The Translock² has the capability of reducing the bottlenecks currently experienced at the transload facilities as it can be offloaded from rail to truck and delivered to its destination, or offloaded and used as a silo at the transload (to be loaded to transport at a later date), or shipped directly to the final destination with no transfer in between.

Lastly, the Translock² is environmentally friendly in that it alleviates the risk of debris that can be left behind by super sacks (in the ocean and on land) and greatly reduces the risk of spillage of frac and resin coated sands and ceramic proppants.

On December 4, 2014, we filed a utility patent application for the interlocking container we refer to as Translock². On April 13, 2015, we filed an International Patent Application with the U.S. Patent and Trademark Office (U.S. PTO) in accordance with the Patent Cooperation Treaty (PCT) for the Translock². Recent positive results were received in that the associated International Search Report (ISR) has confirmed that this leading-edge technology does exhibit the novelty and inventive features required by current international patent treaties. Following this progress, Double Crown intends to pursue patent protection in several countries as it expands the use of the innovative Translock²system. Plans to pursue international patent protection and to introduce the Translock² into international markets are contingent on our ability to secure sufficient funding, which is not assured.

During the third quarter of 2013, we executed a Sublease for use of a bulk terminal and mineral processing plant located in New Orleans, LA. The term of the Sublease, including optional extensions, is 27 years. The master plan design work was completed. Following many discussions regarding the oilfield services industry's experience of restructuring and reorganizing to meet current market demand, as well as the modification of our business plan, we made the decision that it was in the best interest of the Company to terminate the lease effective March, 2015. When funding is secured, we may contemplate entering a new lease for the plant and implementing the necessary conversion and improvements at the plant.

In October 2013, we formed DDCC Marketing Group, LLC, which is a wholly owned subsidiary, to market minerals and other commodities to oil and gas industry customers. We opened an office in Houston, Texas to serve as the headquarters of the marketing group. In addition to housing the marketing and support staff, the Houston office includes office facilities for our executive officers.

We expect we will require additional capital to meet our long term operating requirements. We expect to raise additional capital through, among other things, the sale of equity or debt securities.

Liquidity and Capital Resources

During the quarter ended September 30, 2015, we generated working capital to fund operations through the sale of our common stock and debt financing. We anticipate that revenue from our oilfield services operations will support our operating expenses in the first half of 2016, including our general and administrative expenses. However, if we do not generate sufficient revenue through operations, we will need to raise additional capital through the issuance of equity and/or debt securities in order to support our operations. There is no guarantee that we will be able to secure such financing on commercially reasonable terms, and the issuance of such securities could have a dilutive effect on our shareholders.

Planned Capital Expenditures

At September 30, 2015, should funding become available, the Company would be responsible for a $200,000 payment referred to in Notes to the financials (5).

A summary of our cash flows during the nine months ended September 30, 2015 and 2014 follows.

Operating Activities

We have not generated positive cash flows from operating activities. Cash used in operating activities during the nine months ended September 30, 2015 was $163,356 compared to $639,723 used during the nine months ended September 30, 2014. The decrease is a result of the increased cash flow from $1,056,624 in deferred revenue and a reduction in net loss from $2,075,418 for the nine months ended September 30, 2014 to $1,487,288 for the nine months ended September 30, 2015 as we scaled back operations due to decreased activity in the oil and gas industry.

Investing Activities

Cash used for investing activities during the nine months ended September 30, 2015 was $16,128, as compared to $11,860 for the nine months ended September 30, 2014. This activity was due to the investment in capital equipment.

Financing Activities

Total net cash provided by financing activities was $200,226 for the nine months ended September 30, 2015, which consisted of $150,000 proceeds from loans and $44,250 in proceeds from the issuance of our common stock in a private placement offering. We also repaid $5,022 in loans during the nine months ended September 30, 2015. This compares to total net cash provided by financing activities for the nine months ended September 30, 2014 of $621,441, all of which came from the issuance of our common stock in private placement offerings.

At September 30, 2015, we had cash totaling $41,152, as compared to $13,009 at September 30, 2014. We are currently not generating sufficient revenue to sustain our operations. We anticipate generating revenue from operations in the first half of 2016 that may be sufficient to sustain our operations through December 31, 2016. If we are unable to generate sufficient revenue from operations, we will need to raise capital from the issuance of equity or debt securities, and there is no guarantee that we will be able to obtain such capital at commercially reasonable terms.

Results of Operations – Comparative Financial Information for the three months ended September 30, 2015.

The following table sets forth certain of our operating information for the three months ended September 30, 2015 and 2014.

	Three Months Ended September 30, 2015			Three Months Ended September 30, 2014			Difference 2015 versus 2014

Revenue	$	2,750		$	2,750		$	-

Operating Expenses:
Research and Development		2,180			-			2,180
Professional Fees		25,698			522,466			(496,768	)
General and administrative		177,432			24,869			152,563
General – related party		120,921			33,080			87,841
Operating Loss		(323,481	)		(577,665	)		254,184

Other (Income) Expense:
Interest expense		31,949			4,322			27,627
Interest expense – related party		23,556			23,556			-
Net Loss	$	(378,986	)	$	(605,543	)	$	226,557

Operating Revenues

We generated $2,750 in revenue during the quarter ended September 30, 2015 and $2,750 in revenue during the quarter ended September 30, 2014.

Operating Expenses

During the quarter ended September 30, 2015, we incurred operating expenses of $326,231 compared to $580,415 incurred during the quarter ended September 30, 2014, a decrease of $254,184. The decrease in operating expenses from the third quarter of 2014 to the third quarter of 2015 was primarily due to the decrease in our professional fees by $496,768 as we scaled back business development operations due to a slowdown in the oil and gas industry. Although we continued to incur compliance costs and legal fees associated with litigation matters during the quarter ended September 30, 2015, these costs were lower than those incurred in the quarter ended September 30, 2014 due to a reduction in litigation activity (see Part II. Item 1. Legal Proceedings). General and administrative expenses generally include corporate overhead, financial and administrative contracted services, marketing, and consulting costs.

Other Income (Expenses)

Other expenses incurred during the quarter ended September 30, 2015 totaled $55,505, compared to other expenses of $27,878 for the quarter ended September 30, 2014. The increase was due to a $27,627 increase in interest expense.

Net Loss

Our net loss for the quarter ended September 30, 2015 was $378,986 compared to a net loss of $605,543 during quarter ended September 30, 2014. The decrease of $226,557 in net loss is primarily a result of the $496,768 decrease in professional fees discussed above under "Operating Expenses."

Results of Operations – Comparative Financial Information for the nine months ended September 30, 2015

The following table sets forth certain of our operating information for the nine months ended September 30, 2015 and 2014.

	Nine Months Ended September 30, 2015			Nine Months Ended September 30, 2014			Difference 2015 versus 2014

Revenue	$	8,250		$	5,500		$	2,750

Operating Expenses:
Research and Development		65,456			-			65,456
Professional Fees		175,263			1,155,460			(980,197	)
General and administrative		344,401			798,863			(454,462	)
General – related party		197,544			43,080			(154,464	)
Operating Loss		(778,195	)		(1,991,903	)		1,213,708	)

Other (Income) Expense:
Loss on intellectual property settlement		600,000			-			600,000
Interest expense		38,425			12,847			25,578
Interest expense – related party		70,668			70,668			-
Net Loss	$	(1,487,228	)	$	(2,075,418	)	$	588,190

Operating Revenues

We generated $8,250 in revenue during the nine months ended September 30, 2015 and $5,500 in revenue during the nine months ended September 30, 2014.

Operating Expenses

During the nine months ended September 30, 2015, we incurred operating expenses of $778,195 compared to $1,991,903 incurred during the nine months ended September 30, 2014, a decrease of $1,213,708. The decrease in operating expenses from the third quarter of 2014 to the third quarter of 2015 was primarily due to a reduction in professional fees of $980,197; this reduction was a result of reduced legal fees associated with litigation matters (see Part II. Item 1. Legal Proceedings) and lower professional consulting fees due to a decrease in business development activities. General and administrative expenses decreased by $454,462 due to decreased activity at the marketing office in Houston, Texas. General and administrative expenses generally include corporate overhead, financial and administrative contracted services, marketing, and consulting costs.

Other Income (Expenses)

Other expenses incurred during the nine months ended September 30, 2015 totaled $709,093, compared to other expenses of $83,515 for the nine months ended September 30, 2014. The increase was due to a $25,578 increase in interest expense, and a $600,000 loss in respect of the intellectual property settlement agreement described in Part II, Item 1 "Legal Proceedings".

Net Loss

Our net loss for the nine months ended September 30, 2015 was $1,487,288 compared to a net loss of $2,075,418 during nine months ended September 30, 2014. The decrease of $588,190 in net loss is primarily a result of the decreased activity, including the reduction of employees at our marketing office in Houston, Texas, as we cut back on activity in our oilfield services operations until such time as customer demand justifies such expenses.

Going Concern Consideration

The independent auditors' report accompanying our December 31, 2014 and December 31, 2013 financial statements, as well as the Notes to the Consolidated Financials for the quarter ended September 30, 2015, contain an explanatory paragraph expressing substantial doubt about our ability to continue as a going concern. The financial statements have been prepared "assuming that we will continue as a going concern," which contemplates that we will realize our assets and satisfy our liabilities and commitments in the ordinary course of business.

Critical Accounting Policies

Cash and cash equivalents

The Company considers highly liquid financial instruments purchased with a maturity of three months or less to be cash equivalents.

Net Loss per Share

Net loss per common share is computed by dividing net loss by the weighted average common shares outstanding during the period as defined by Financial Accounting Standards, ASC Topic 260, "Earnings per Share". Basic earnings per common share ("EPS") calculations are determined by dividing net income by the weighted average number of shares of common stock outstanding during the year. Diluted earnings per common share calculations are determined by dividing net income by the weighted average number of common shares and dilutive common share equivalents outstanding. During periods when common stock equivalents, if any, are anti-dilutive, they are not considered in the computation.

Use of 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 liabilities and disclosure of contingent liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could materially differ from those estimates. Management believes that the estimates used are reasonable.

In Management's opinion all adjustments necessary for a fair statement of the results for the interim periods have been made. All adjustments are normal and recurring.

Reclassifications

Certain prior year balances have been reclassified to conform to the current year presentation.

Revenue Recognition

The Company recognizes revenue on an accrual basis. Revenue is generally realized or realizable and earned when all of the following criteria are met: 1) persuasive evidence of an arrangement exists between the Company and our customer(s); 2) services have been rendered; 3) our price to our customer is fixed or determinable; and 4) collectability is reasonably assured.

Fair value of financial instruments

The carrying value of cash equivalents and accrued expenses approximates fair value due to the short period of time to maturity.

Stock-based compensation

The Company recognizes stock-based compensation in accordance with ASC Topic 718 "Stock Compensation", which requires the measurement and recognition of compensation expense for all share-based payment awards made to employees and directors including employee stock options and employee stock purchases related to an Employee Stock Purchase Plan based on the estimated fair values.

Recent Accounting Pronouncements

For a discussion of recently issued accounting standards, see Note 3 in the Notes to the Consolidated Financial Statements contained in this Quarterly Report.

Off Balance Sheet Arrangements

We have no off-balance sheet arrangements.

ITEM III. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Not applicable to a smaller reporting company.

ITEM IV. CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures

We maintain disclosure controls and procedures that are designed to ensure that information required to be disclosed in our reports filed under the Securities Exchange Act of 1934, as amended, is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission's rules and forms, and that such information is accumulated and communicated to our management, including our president/chief executive officer and our secretary, treasurer/chief financial officer to allow for timely decisions regarding required disclosure.

As of September 30, 2015, the end of the period covered by this Report, we carried out an evaluation, under the supervision and with the participation of our President/Chief Executive Officer and our Chief Financial Officer, of the effectiveness of the design and operation of our disclosure controls and procedures. Based on the foregoing, our President/Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures were not effective in providing reasonable assurance in the reliability of our financial reports as of the end of the period covered by this Report. Non-effectiveness of disclosure controls was primarily a function of our increasing scope of operations with limited human and financial resources.

Management's Report on Internal Control over Financial Reporting

Our management is responsible for establishing and maintaining adequate internal control over financial reporting. Internal control over financial reporting is defined in Rule 13a-15(f) or 15d-15(f) promulgated under the Securities Exchange Act of 1934 as a process designed by, or under the supervision of, our principal executive and principal financial officers and effected by our board of directors, management and other personnel, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles and includes those policies and procedures that:

·	Pertain to the maintenance of records that in reasonable detail accurately and fairly reflect the transactions and dispositions of our assets;
·	Provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles and that our receipts and expenditures are being made only in accordance with authorizations of management and directors of the company; and
·	Provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of our assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate. All internal control systems, no matter how well designed, have inherent limitations. Therefore, even those systems determined to be effective can provide only reasonable assurance with respect to financial statement preparation and presentation. Because of the inherent limitations of internal control, there is a risk that material misstatements may not be prevented or detected on a timely basis by internal control over financial reporting. However, these inherent limitations are known features of the financial reporting process. Therefore, it is possible to design into the process safeguards to reduce, though not eliminate, this risk.

As of September 30, 2015, management assessed the effectiveness of our internal control over financial reporting based on the criteria for effective internal control over financial reporting established in Internal Control--Integrated Framework issued by the Committee of Sponsoring Organizations of the Treasury Commission ("COSO") and SEC guidance on conducting such assessments. Based on that evaluation, they concluded that, during the period covered by this report, such internal controls and procedures were not effective to detect the inappropriate application of US GAAP rules as more fully described below. This was due to deficiencies that existed in the design or operation of our internal controls over financial reporting that adversely affected our internal controls and that may be considered to be material weaknesses.

The matters involving internal controls and procedures that our management considered to be material weaknesses under the standards of the Public Company Accounting Oversight Board were: (1) lack of a functioning audit committee and lack of a majority of outside directors on our board of directors, resulting in ineffective oversight in the establishment and monitoring of required internal controls and procedures; (2) inadequate segregation of duties consistent with control objectives; and (3) ineffective controls over period end financial disclosure and reporting processes. The aforementioned material weaknesses were identified by our Chief Executive Officer in connection with the review of our financial statements as of September 30, 2015 and communicated to management.

Management believes that the material weaknesses set forth in items (2) and (3) above did not have an effect on our financial results. However, management believes that the lack of a functioning audit committee and the lack of a majority of outside directors on our board of directors results in ineffective oversight in the establishment and monitoring of required internal controls and procedures, which could result in a material misstatement in our financial statements in future periods.

Management's Remediation Initiatives

We are committed to improving our financial organization. As part of this commitment, when funds are available, we will implement the following remediation initiatives:

We will create a position to segregate duties consistent with control objectives and will increase our personnel resources and technical accounting expertise within the accounting function by: i) appointing one or more outside directors to our board of directors who will also be appointed to an audit committee, resulting in a fully functioning audit committee who will undertake the oversight in the establishment and monitoring of required internal controls over financial reporting; ii) preparing and implementing sufficient written policies and checklists that will set forth procedures for period-end financial disclosure and reporting processes; and iii) hiring additional personnel who have the technical expertise and knowledge to establish proper segregation of duties.

Management believes that the appointment of one or more outside directors, who shall be appointed to a fully functioning audit committee, will remedy the lack of a functioning audit committee and a lack of a majority of outside directors on our Board. In addition, management believes that preparing and implementing sufficient written policies and checklists that will set forth procedures for period-end financial disclosure and reporting processes will remedy the ineffective controls over period end financial disclosure and reporting processes. Further, management believes the hiring of additional personnel who have the technical expertise and knowledge will result in proper segregation of duties and provide more checks and balances within the financial department. These measures will greatly improve our disclosure controls and our internal control over financial reporting in the future.

Management will continue to monitor and evaluate the effectiveness of our internal controls over financial reporting on an ongoing basis and is committed to implementing the remediation initiatives stated above, as well as additional enhancements or improvements, as necessary and as funds allow.

Changes in internal controls over financial reporting

There was no change in our internal controls over financial reporting that occurred during the period covered by this report, which has materially affected, or is reasonably likely to materially affect, our internal controls over financial reporting.

PART II. OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS.

Other than the three proceedings mentioned above, we are not a party to any material legal proceedings and to our knowledge, no such proceedings are threatened or contemplated.

ITEM 1A. RISK FACTORS

No material changes.

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

SHARES ISSUED

During the quarter ended September 30, 2015, we issued 17,950,000 shares of our common stock, of which 2,900,000 shares were issued for subscriptions paid of $29,000, 50,000 shares were issued for subscriptions previously paid, and 15,000,000 shares were issued for services.

No underwriters were involved in the foregoing issuances of securities. The offers, sales and issuances of the securities described above were deemed to be exempt from registration under the Securities Act in reliance upon Section 4(2) of the Securities Act. The issuance of stock that was a private offering was issued in reliance of Regulation D promulgated under the Securities Act. Each of the recipients of securities in these transactions had adequate access, through directorship, business or other relationships, to information about us. The investors acknowledged that the securities to be issued have not been registered under the Securities Act, that they understood the economic risk of an investment in the securities, and that they had the opportunity to ask questions of and receive answers from our management concerning any and all matters related to acquisition of the securities.

SUBSEQUENT EVENTS – SHARE ISSUANCES

None.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES.

None.

ITEM 4. MINE SAFETY DISCLOSURE

Not applicable.

ITEM 5. OTHER INFORMATION.

None.

ITEM 6. EXHIBITS

Exhibit Number		Description

2.1		Asset Purchase Agreement dated April 13, 2006 between James Laird and Denarii Resources, Inc. (incorporated by reference to Exhibit 10.1 to the Company's registration statement on Form SB-1 filed with the Commission on June 16, 2006).

3(i)		Articles of Incorporation (incorporated by reference to Exhibit 3.1 to the Company's registration statement on Form SB-1 filed with the Commission on June 16, 2006), as amended by Articles of Incorporation dated August 31, 2015 (incorporated by reference to Exhibit 3.1 from the Company's Def14A filed with the Commission on April 27, 2015).

3(ii)		Bylaws (incorporated by reference to Exhibit 3.2 to the Company's registration statement on Form SB-1 filed with the Commission on June 16, 2006).

10.1		Consulting Agreement dated October 1, 2010 between Denarii Resources Inc. and LV Media Group (incorporated by reference to Exhibit 10.1 to the Company's current report on Form 8-K filed with the Commission on March 21, 2011).

10.2		Consulting Agreement dated October 1, 2010 between Denarii Resources Inc. and Paul Murphy (incorporated by reference to Exhibit 10.2 to the Company's current report on Form 8-K filed with the Commission on March 21, 2011).

10.3		Consulting Agreement dated November 1, 2010 between Denarii Resources Inc. and Ariel Serrano (incorporated by reference to Exhibit 10.3 to the Company's current report on Form 8-K filed with the Commission on March 21, 2011).

10.4		Consulting Agreement dated October 1, 2010 between Denarii Resources Inc. and Steve Claus (incorporated by reference to Exhibit 10.4 to the Company's current report on Form 8-K filed with the Commission on March 21, 2011).

10.5		Consulting Agreement dated October 1, 2010 between Denarii Resources Inc. and David Figueiredo (incorporated by reference to Exhibit 10.5 to the Company's current report on Form 8-K filed with the Commission on March 21, 2011).

10.6		Consulting Agreement dated October 1, 2010 between Denarii Resources Inc. and Stewart Jackson (incorporated by reference to Exhibit 10.6 to the Company's current report on Form 8-K filed with the Commission on March 21, 2011).

10.7		Convertible Promissory Note between Denarii Resources Inc. and Falco Investments Inc. dated October 21, 2010 in the principal amount of $64,607.37 (incorporated by reference to Exhibit 10.1 to the Company's current report on Form 8-K filed with the Commission on November 12, 2010).

10.9		Convertible Promissory Note between Denarii Resources Inc. and Falco Investments Inc. dated October 21, 2010 in the principal amount of $67,774.88 (incorporated by reference to Exhibit 10.2 to the Company's current report on Form 8-K filed with the Commission on November 12, 2010).

10.10		Convertible Promissory Note between Denarii Resources Inc. and Falco Investments Inc. dated October 21, 2010 in the principal amount of $38,635.21 (incorporated by reference to Exhibit 10.3 to the Company's current report on Form 8-K filed with the Commission on November 12, 2010).

10.11		Convertible Promissory Note between Denarii Resources Inc. and Falco Investments Inc. dated October 21, 2010 in the principal amount of $60,186.33 (incorporated by reference to Exhibit 10.4 to the Company's current report on Form 8-K filed with the Commission on November 12, 2010).

10.12		Convertible Promissory Note between Denarii Resources Inc. and Falco Investments Inc. dated October 21, 2010 in the principal amount of $38,708.53 (incorporated by reference to Exhibit 10.5 to the Company's current report on Form 8-K filed with the Commission on November 12, 2010).

10.13		Settlement, Release, and Termination Agreement dated November 3, 2014 by and between the Company, DDCC Marketing Group, LLC and Synergy Natural Resources, LLC (incorporated by reference to Exhibit 99.1 to the Company's current report on Form 8-K filed with the Commission on November 21, 2014).

10.14		Promissory Note dated November 3, 2014 by the Company in favor of Synergy Natural Resources (incorporated by reference to Exhibit 99.2 to the Company's current report on Form 8-K filed with the Commission on November 21, 2014).

21.1		List of Subsidiaries

31.1		Certification of Chief Executive Officer Pursuant to Rule 13a-14(a) or 15d-14(a) of the Securities Exchange Act.

32.1		Certification of Chief Executive Officer and Chief Financial Officer Under Section 1350 as Adopted Pursuant To Section 906 of the Sarbanes-Oxley Act.

101.INS **		XBRL Instance Document

101.SCH **		XBRL Taxonomy Extension Schema Document

101.CAL **		XBRL Taxonomy Extension Calculation Linkbase Document

101.DEF **		XBRL Taxonomy Extension Definition Linkbase Document

101.LAB **		XBRL Taxonomy Extension Label Linkbase Document

101.PRE **		XBRL Taxonomy Extension Presentation Linkbase Document

____________

** XBRL (Extensible Business Reporting Language) information is furnished and not filed or a part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, is deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and otherwise is not subject to liability under these sections.

DOUBLE CROWN RESOURCES, INC.

SIGNATURES

Pursuant to the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	DOUBLE CROWN RESOURCES, INC.

Dated: November 20, 2015	By:	/s/ Jerold S. Drew
		Jerold S. Drew
		President/Chief Executive Officer

	DOUBLE CROWN RESOURCES, INC.

Dated: November 20, 2015	By:	/s/ Jerold S. Drew
		Jerold S. Drew
		Chief Financial Officer

DOUBLE CROWN RESOURCES INC. 10-Q