UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

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

For the Quarterly Period Ended June 30, 2019

¨ 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 333-216026

Quantum Business Strategies, Inc.
(Name of Registrant as Specified in Its Charter)

Nevada		81-4787814
(State or Other Jurisdiction of Incorporation or Organization)		(I.R.S. Employer Identification No.)

1260 North Sloan, Lane, Las Vegas, Nevada		89110
(Address of Principal Executive Offices)		(Zip Code)

(702) 296-2754 (Issuer’s Telephone Number, Including Area Code)

_____________________________________________

(Former Name and Address If Changed Since Last Report)

Securities registered under Section 12(b) of the Exchange Act:

None

Securities registered under Section 12(g) of the Exchange Act:

Common Stock, Par value $0.001 per share

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

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

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

Large accelerated filer	¨	Accelerated filer	¨
Non-accelerated filer	x	Smaller reporting company	x
		Emerging growth company	x

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

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

On July 1, 2019, there were 28,009,000 shares of common stock outstanding.

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		Page No.
PART I. FINANCIAL INFORMATION

ITEM 1.	Unaudited Financial Statements	3
	Balance Sheets as of June 30, 2019 (unaudited) and December 31, 2018	3
	Statements of Operations for the Six Months Ended June 30, 2019 (Unaudited)	4
	Statement of Cash Flows for the Six Months Ended June 30, 2019 (Unaudited)	5
	Notes to Unaudited Financial Statements	6

ITEM 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	8

ITEM 3.	Quantitative and Qualitative Disclosures About Market Risk	11

ITEM 4.	Controls and Procedures	11

PART II. OTHER INFORMATION

ITEM 6.	Exhibits	13

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PART I. FINANCIAL INFORMATION

ITEM 1. Unaudited Condensed Financial Statements

Quantum Business Strategies, Inc.

Consolidated Balance Sheets

	June 30, 2019			December 31, 2018
	(unaudited)
Assets
Current assets:
Cash	$	20,227		$	20,741
Other receivable		-			-
Total current assets		20,227			20,741
Fixed Assets
Capital Lease Asset - Software Platform		2,200,000			2,200,000
Total other assets		2,200,000			2,200,000

Total assets	$	2,220,227		$	2,220,741

Liabilities and Stockholder’s Equity
Current liabilities:
Accounts payable and accrued expenses		48,904			47,371
Loan Payable		83,294			41,594
Total currents liabilities		132,198			88,965
long-term Liabilities
Convertible Notes Payable		2,175,000			2,175,000
Total Long-term Liabilities		2,175,000			2,175,000
Commitments and contingencies		-			-
Stockholders’ equity:
Common stock, $.001 par value, 500,000,000 shares authorized, 28,009,000 issued and outstanding as of June 30, 2019 and December 31, 2018 respectively.		28,009			28,009
Additional paid-in capital		22,581			22,581
Accumulated deficit		(137,561	)		(93,814	)
Stockholders’ equity		(86,971	)		(43,224	)
Total liabilities and stockholders’ equity		2,220,227		$	2,220,741

See accompanying notes to consolidated financial statements.

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Quantum Business Strategies, Inc.

Consolidated Statements of Operations

(unaudited)

	For The Three Months Ended June 30,
	2019			2018
Sales	$	-		$	-
Cost of Sales	$	-		$	-
Gross Profit	$	-		$	-
Operating expenses:
Consulting fees		-			-
General and administrative		25,781			8,475
Total operating expenses		25,781			8,475
Income from operations		(25,781	)		(8,475	)
Other (expenses)/ income
Net loss before provision for income taxes		(25,781	)		(8,475	)
Provision for income taxes
Net loss	$	(25,781	)	$	(8,475	)
Net loss per common share- basic and diluted	$	-		$	-
Weighted average number of common shares outstanding- basic and diluted		28,009,000			28,009,000

See accompanying notes to consolidated financial statements.

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Quantum Business Strategies, Inc.

Consolidated Statement of Cash Flows

(unaudited)

	Three months ended June 30th
	2019			2018
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss		(25,781	)		(8,475	)
Adjustments to reconcile net loss to net cash utilized in operating activities
Change in accounts receivable		-			-
Change in accounts payable and accrued expenses		(200	)		7,114
Change in prepaid deposit		-			-
Change in other receivable		-
Change in loan payable		22,500			1,430
Net cash used in operating activities		(3,481	)		70

CASH FLOWS FROM INVESTING ACTIVITIES:
Net cash used in investing activities		-			-

CASH FLOWS FROM FINANCING ACTIVITIES:
Net cash provided by financing activities		-			-

CHANGE IN CASH AND CASH EQUIVALENTS:
Net decrease in cash and cash equivalents		(3,481	)		70
Cash and cash equivalents at beginning of year		23,708			1
Cash and cash equivalents at end of Period	$	20,227		$	71

NON-CASH SUPPLEMENTARY DISCLOSURES:
Cash paid for interest	$	-		$	-
Cash paid for income taxes	$	-		$	-

See accompanying notes to consolidated financial statements.

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Quantum Business Strategies, Inc.

Notes to Condensed Financial Statements

As of and for the Six Months Ended June 30, 2019

(unaudited)

(1) Summary of Significant Accounting Policies

Business Description- Quantum Business Strategies, Inc. (the “Company”), formerly Artin Consulting Inc., was incorporated in the State of Nevada on December 21, 2016. On September 10, 2018, the Company filed an amendment to its certificate of incorporation in the State of Nevada to change the Company name.

Quantum Business Strategies, Inc. continues to solicit new clients for consulting services. Quantum is involved in overseeing the development of AZT Systems and on September 18, 2018 closed the purchase of AZT Systems which will be operated by Quantum’s wholly owned subsidiary AZT Systems Inc (a Nevada Corporation). Quantum has retained Holly Roseberry and Frank Ziegler to oversee the software development, locate expert consultants to assist with funding and launching AZT Systems. The software development staff and operations are based out of Ahmedabad India.

Condensed Interim Financial Statements- The accompanying are the unaudited condensed financial statements of the Company. These financial statements and notes should be read in conjunction with the most recent financial statements of the Company for the year ended December 31, 2018, included in the Company’s Form 10-K filed with the Securities and Exchange Commission. These financial statements are condensed and, therefore, do not include all disclosures normally required by U.S. generally accepted accounting principles (“U.S. GAAP”).

The Company’s significant accounting principles were presented as Note 2 to the Financial Statements in the Form 10-K report these statements should be read along with that report. In the opinion of management, all adjustments necessary for a fair presentation have been included in the accompanying condensed financial statements and consist of only normal recurring adjustments. The results of operations presented in the accompanying condensed financial statements are not necessarily indicative of the results that may be expected for the full year ending December 31, 2019.

Going Concern - The Company’s unaudited financial statements for the period ended March 31, 2019, have been prepared on a going concern basis which contemplates the realization of assets and settlement of liabilities and commitments in the ordinary course of business.

As of June 30, 2019, the Company had no revenue. Management recognizes that the Company’s continued existence is dependent upon its ability to obtain needed working capital through additional equity or debt financing and revenue to cover expenses as the Company will continue to incur losses.

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Quantum Business Strategies, Inc.

Notes to Condensed Financial Statements

As of and for the Six Months Ended June 30, 2019

(unaudited)

Since its incorporation, the Company financed its operations almost exclusively through advances from its controlling shareholders. The Company expects to fund operations through the sale of equity or other investments for the foreseeable future, as the Company does not receive significant revenue from its business operations. There is no guarantee that the Company will be successful in arranging to finance on acceptable terms.

The Company’s ability to raise additional capital is affected by trends and uncertainties beyond its control. The Company does not currently have any arrangements for financing, and it may not be able to find such funding if required. Obtaining additional financing would be subject to some factors, including investor sentiment. Market factors may make the timing, amount, terms or conditions of additional funding unavailable to it. These uncertainties raise substantial doubt about the ability of the Company to continue as a going concern. The accompanying financial statements do not include any adjustments that might result from the outcome of these uncertainties.

The Company’s other significant accounting policies are summarized in Note 2 of the Company’s Annual Report on Form 10K. There were no significant changes to these accounting policies during the six months ended June 30, 2019, except for the revenue recognition policy in the following paragraph and the Company does not expect that the adoption of other recent accounting pronouncements will have a material impact on its financial statements.

Capital Lease Purchase - The Company recognizes the purchase of AZT Systems will be treated as a business combination after ownership of the asset transfer.

Revenues - The Company recognizes revenue when persuasive evidence of an arrangement exists, services have been provided, the price to the buyer is fixed or determinable, and collectability is reasonably assured. Revenue from the sale of services, like business plans are recorded at the time of delivery to the client, income for consulting services are recognized after the service has been rendered.

(2) Common Stock

During the current period ending June 30, 2019, no common stock transactions occurred.

The Company has 500,000,000 shares of common shares authorized at a par value of $.001 and 50,000 shares of preferred shares authorized at a par value of $.01. The initial subscriptions resulted in 28,009,000 shares of common stock issued and outstanding.

During the period ended December 31, 2016 an entity controlled by the Company’ former Chief Executive Officer and Director who resigned in November of 2017 purchased 23,000,000 shares of common stock at $0.001 per share for $23,000.

(3) Related Party Transactions

No related party transactions occurred during the current period ending June 30, 2019.

(4) Subsequent Events

None

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

The following is a discussion of our current financial position and results of operations. This discussion should be read in conjunction with our unaudited condensed financial statements and related notes included elsewhere in this Quarterly Report and our audited financial statements of the Company for the year ended December 31, 2018, contained in the Company’s Form 10-K filed with the Securities and Exchange Commission. This discussion should also be read together with the disclosures below regarding “Forward-Looking Statements.”

Forward-Looking Statements

This quarterly report contains forward-looking statements that involve risks and uncertainties, and are not based solely on historical facts. We use words such as “anticipate,” “believe,” “plan,” “expect,” “future,” “intend” and similar expressions to identify such forward-looking statements. These forward-looking statements reflect our expectation of future events and our actual results are likely to differ materially from those anticipated in these statements for many reasons, including the risks faced by us described in this section.

Introduction

Quantum Business Strategies, Inc. (the “Company”), formerly Artin Consulting Inc., was incorporated in the State of Nevada on December 21, 2016. The Company is looking to further develop the AZT System for restaurants and market it, starting in the United States, and then continuing on to other countries worldwide.

The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has generated limited revenues since inception and sustained an accumulated net loss of $(137,561) as of June 30, 2019. These factors, among others, raise substantial doubt about the ability of the Company to continue as a going concern for a reasonable period of time. The Company’s continuation as a going concern is dependent upon, among other things, its ability to generate revenues and its ability to receive capital from third parties. No assurance can be given that the Company will be successful in these efforts.

The financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

As of June 30, 2019, the Company has limited operations.

On September 10, 2018, Artin Consulting Inc. filed Articles of Amendment with the Nevada Secretary of State to change the name from Artin Consulting Inc. to “Quantum Business Strategies, Inc.”. The same amendment submitted to Secretary of State, (an Amendment After Issuance of Stock) documented the approval to issue 50,000 Preferred shares at $.01 par value for Quantum Business Strategies Inc.

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On September 18, 2018, we entered into an asset purchase agreement with A & S Holdings, Inc. to purchase a restaurant point-of-sale software suite that manages customer payments, reservations, orders, reviews, and entertainment, which is known as the “AZT System,” (the “Software”). The total payment for the Software was $25,000 in cash at closing, and the issuance of our convertible note in the principal amount for $2,175,000, to A & S Holdings, due September 18, 2021. A&S may, at any time from the date of this Note until the date that Artin pays the entire amount of Principal to A&S, at its sole option, from time to time convert a portion, or all, of the Principal amount outstanding into shares of common stock in the capital of Artin (the “Shares”). Each $0.02 of Principal outstanding at the time of conversion may be converted into one Share. We plan to further develop and initiate marketing of the Software to restaurants as well as other food services businesses.

Results of Operations

During the six month period ended June 30, 2019, the Company was working with the developers of AZT Systems putting together a detailed project plan for Quantum’s AZT System, that will be detailed further in the following section: “AZT Systems Project Plan.”

For the six months ending June 30, 2019, the Company had no sales, but incurred consulting and general and administrative expenses for $25,781. Such general and administrative expenses included consulting fees related to AZT and payments to the transfer agent for diarizing and filing the forms, payments to a firm assisting the Company with the filings and bank fees.

For the six months ending June 30, 2019 the Company had a net loss of $(61,263).

AZT Systems Project Plan

Initial Six Month Live Testing Stage – The Company is ready for our first soft launch Test Restaurant. Two months after this, we will be able to launch 12 additional Restaurants to resolve any issues that may arise before marketing on a full scale. We will conduct three onsite video interviews with the top performing and enthusiastic managers of these Restaurants. During the interviews we will receive actual payroll cost savings by departments, examples of increased efficiencies and overall opinion of the AZT System by an Independent Restaurant Manager or Owner.

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Also during this period, AZT Systems will setup Cloud network systems to launch the next 500 Restaurants through Digital Marketing materials and platforms including Facebook, Twitter, Instagram etc. Corporate Marketing materials will be prepared and ready for campaigns to Restaurant Associations, Restaurant Franchises and Chamber of Commerce.

Second Six Month Marketing Campaign for USA – We hope to achieve a goal of 500 Restaurants within the following six months with an estimated acquisition cost of $200 per Restaurant equaling a total marketing budget of $100,000. This could result in revenues of approximately $600,000 from Reoccurring Software fees, Equipment Sales and Equipment lease commissions and advertising revenue.

Followed by a Third Six Month Marketing Campaign for USA, Canada, Mexico and Europe. We hope to achieve a goal of an additional 1,200 Restaurants within this third six month period. Once again with an estimated acquisition cost of $200 per Restaurant the total marketing budget would equal $240,000. This could result in Gross Revenues of approximately $1,500,000 from Reoccurring Software fees, Equipment Sales and Equipment lease commissions and, advertising revenue.

Liquidity and Capital Resources

As of June 30, 2019, and December 31, 2018, we had cash of $20,227 and $20,741 respectively. This increase on cash was mainly due to payments made for general operating expenses recognized during the Period ended on June 30, 2019.

As of June 30, 2019, and December 31, 2018, we had liabilities of $2,307,198 and $2,263,965 respectively.

Since our incorporation we have financed our operations from the funds our shareholders invested with their share purchases.

Off-Balance Sheet Transactions

None.

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ITEM 3. Qualitative and Qualitative Disclosures about Market Risk

Smaller reporting companies are not required to provide the information needed for this item.

ITEM 4. Controls and Procedures

As of the end of the fiscal quarter covered by this Form 10-Q, the Company carried out an evaluation, under the supervision and with the participation of the Company’s management, including the Company’s Chief Executive Officer and Principal Financial and Accounting Officer, of the effectiveness of the design and operation of the Company’s disclosure controls and procedures as defined in Rule 13a-14 of the Securities Exchange Act of 1934.

Based upon that evaluation, the Chief Executive Officer and Principal Financial and Accounting Officer concluded that the Company’s disclosure controls and procedures are not effective in timely alerting her to material information relating to the Company required to be included in this Quarterly Report on Form 10-Q. There have been no changes in the Company’s internal controls or in other factors which could significantly affect internal controls subsequent to the date the Company carried out its evaluation.

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PART II. OTHER INFORMATION

Item 1. Legal Proceedings

Currently the Company is not involved in any legal matters and we are not aware of any material legal proceedings against us or our assets.

Item 1A. Risk Factors

Smaller reporting companies are not required to provide the information needed for this item.

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

The Company did not sell or repurchase any Shares during the six months ended June 30, 2019.

Item 3. Defaults Upon Senior Securities

Not applicable.

Item 4. Mine Safety Disclosures

Not applicable.

Item 5. Other Information

Not applicable.

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ITEM 6. EXHIBITS

Exhibit No.		Description of Exhibits

Exhibit 3.1*		Articles of Incorporation of the Company

Exhibit 3.2*		Bylaws of the Company

Exhibit 4.1*		Certificate of Amendment to Articles of Incorporation for Nevada Profit Corporations Pursuant to NRS 78.385 and 78.390- After issuance of Stock

Exhibit 31.1		Certification Pursuant to 18 U.S.C. Section 1350 As Adopted Pursuant to Section 302 of the Sarbanes Oxley Act of 2002

Exhibit 32.1		Certification Pursuant to 18 U.S.C. Section 1350 As Adopted Pursuant to Section906 of the Sarbanes-Oxley Act of 2002

101.INS		XBRL Instance Document

101.SCH		XBRL Taxonomy Extension Schema

101.CAL		XBRL Taxonomy Extension Calculation Linkbase

101.DEF		XBRL Taxonomy Extension Definition Linkbase

101.LAB		XBRL Taxonomy Extension Labels Linkbase

101.PRE		XBRL Taxonomy Extension Presentation Linkbase

* Previously filed

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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.

Quantum Business Strategies, Inc.

By:	/s/ Holly Roseberry
	Chief Executive Officer and Principal Financial Officer

	Date: August 15, 2019

QUANTUM BUSINESS STRATEGIES, INC. 10-Q