U.S. 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, 2013

[ ] 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. 0-27633

INTERNET INFINITY, INC.

(Exact name of registrant as specified in its charter)

State of Incorporation: Nevada

IRS Employer I.D. Number: 95-4679342

220 Nice Lane #108
Newport Beach, California 92663
Telephone 310-493-2244

(Address and telephone number of registrant’s principal

Executive offices and principal place of business)

Securities registered under Section 12(b) of the exchange Act: None

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

Common Stock $0.001 par value

Check whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past twelve 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 is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.

Large accelerated filer [ ] Accelerated filer [ ]

Non-accelerated filer [ ] Smaller reporting company [X]

As of August 8, 20132013, there were 33,718,780 shares of the Registrant’s Common Stock, par value $0.001 per share, outstanding.

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

Transitional Small Business Disclosure Format (check one): Yes [ ] No [X]

DOCUMENTS INCORPORATED BY REFERENCE

TABLE OF CONTENTS

		Page
PART I - FINANCIAL INFORMATION
Item 1.	Financial Statements	F-1
Item 2.	Management’s Discussion and Analysis of Financial Condition and	3
Item 3.	Results of Operations	3
Item 4.	Controls and Procedures	3

PART II - OTHER INFORMATION
Item 1.	Legal Proceedings	4
Item 6.	Exhibits	4

SIGNATURES		5

PART I - FINANCIAL INFORMATION

Item 1. Financial Statements

INTERNET INFINITY, INC.
(a Development Stage Company)
Condensed Balance Sheets

	June 30, 2013			March 31, 2013
	(Unaudited)

ASSETS
Current Assets
Cash	$	2,274		$	4,731
Accounts Receivable		3,000			2,500

TOTAL ASSETS		5,274			7,231

LIABILITIES AND TOTAL STOCKHOLDERS’ DEFICIT

Liabilities
Current Liabilities
Accounts Payable and Accrued Expenses	$	3,288		$	3,139
Notes Payable - Related Parties		60,459			60,017
Due to Officer		689,049			686,399

Total Current Liabilities		752,796			749,555

Stockholders’ Deficit
Preferred Stock, $0.001 par value, 30,000,000 shares authorized, none issued and outstanding at June 30, 2013 and March 31, 2013		-			-
Common Stock, $0.001 par value, 100,000,000 shares authorized, 33,718,780 shares issued and outstanding as at June 30, 2013 and March 31, 2013		33,719			33,719
Additional Paid-in Capital		1,463,019			1,463,019
Deficit Accumulated during Development Stage		(2,244,260	)		(2,239,062	)

Total Stockholders’ Deficit		(747,522	)		(742,324	)

TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT	$	5,274		$	7,231

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

F-1

INTERNET INFINITY INC.
(a Development Stage Company)
Condensed Statements of Operations
(Unaudited)

							For the period
							from Inception,
	For the three months ended						April 1, 2012
	June 30,						through
	2013			2012			June 30, 2013

Sales	$	3,500		$	3,500		$	16,750

Cost of Sales								-
Gross Profit		3,500			3,500			16,750

General and Administrative Expenses
Professional Fees		3,165			-			9,453
Consulting		2,000			-			2,000
Other		241			41			2,540

Total General and Administrative Expenses		5,406			41			13,993

Income (loss) from Operation		(1,906	)		3,459			2,757

Interest expense		(3,292	)		(4,307	)		(29,193	)

Loss before income taxes		(5,198	)		(848	)		(26,436	)

Provision from income taxes		-			-			-
Net Loss		(5,198	)		(848	)		(26,436	)
Basic and diluted net loss per common share	$	(0.00	)	$	(0.00	)

Basic and diluted weighted average number of common shares outstanding		33,718,780			28,718,780

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

F-2

INTERNET INFINITY INC.
(a Development Stage Company)
Condensed Statements of Cash Flows
(Unaudited)

							For the period
							from Inception,
	For the six months ended						April 1, 2012
	June 30,						through
	2013			2012			June 30, 2013

Cash flows from operating activities:
Net loss		(5,198	)		(848	)	$	(26,436	)
Adjustments to reconcile net loss to net cash used by operating activities:
Interest Accrued		3,092			(201,292	)		28,993
Other								92
Change in operating assets and liabilities:
Accounts Receivable		(500	)		(500	)		2,000
Accounts payable		149			-			(4,563	)
Net cash (used in) /provided by operating activities		(2,457	)		(202,640	)		86

Cash flows from financing activities:

Repayment of related party note		-			-			(9,000	)
Proceeds of officer loan		-			15,942			7,000
Stock issued for extinguishment of debt		-			-			-
Accrued interest cancelled, contributed		-			186,357			-
Net cash (used in) / provided by financing activities		-			202,299			(2,000	)

Net decrease in cash		(2,457	)		(341	)		(1,914	)

Cash, beginning of the period		4,731			4,188			4,188

Cash, end of the period	$	2,274		$	3,847		$	2,274

Supplemental cash flow disclosure:
Interest paid during the period	$	200		$	-
Taxes paid during the period	$	-		$	-

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

F-3

INTERNET INFINITY, INC.

NOTES TO CONDENSED FINANCIAL STATEMENTS

NOTE 1 ORGANIZATION

Internet Infinity, Inc. (III or “the Company”) was incorporated in the State of Delaware on October 27, 1995. III was in the business of distribution of electronic media duplication services and electronic blank media. The Company was re-incorporated in Nevada on December 17, 2004. The Company is currently in the development stage.

NOTE 2 BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Unaudited Interim Condensed Financial Statements

The accompanying unaudited interim condensed financial statements have been prepared by the Company, pursuant to the rules and regulations of the Securities Exchange commission (the “SEC”) as applicable to smaller reporting companies, and generally accepted accounting principles for interim financial reporting. The information furnished herein reflects all adjustments (consisting of normal recurring accruals and adjustments) which are, in the opinion of management, necessary to fairly present the operating results for the respective periods. Certain information and footnote disclosures normally presented in annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) have been omitted pursuant to such rules and regulations. These unaudited condensed interim financial statements should be read in conjunction with the audited financial statements and footnotes included in the Company’s Annual Report on Form 10-K. The results of the three month period ended June 30, 2013 are not necessarily indicative of the results to be expected for the full year ending March 31, 2014.

Certain comparative amounts on the condensed balance sheet have been reclassified to conform to the current year’s presentation.

Summary of Significant Accounting Policies

Cash and cash equivalents

The Company considers all liquid investments with an original maturity of three months or less from the date of purchase that are readily convertible into cash to be cash equivalents. The Company does not have cash equivalents as of June 30, 2013.

Use of estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

F-4

Accounts Receivable

Accounts receivable are presented at net realizable value consisting of the carrying amount less an allowance for uncollectible accounts, as needed. The Company maintains allowances for doubtful accounts for estimated losses. The Company reviews the accounts receivable on a periodic basis and uses the allowance method to account for uncollectible accounts receivable balances. Under the allowance method, if needed, an estimate of uncollectible customer balances is made based upon specific account balances that are considered uncollectible. Factors used to establish an allowance include the age of the balance, credit quality, payment history, current credit-worthiness of the customer and current economic trends. There is no allowance for doubtful accounts recorded as of June 30, 2013 as the balance of the Company’s receivables was considered collectible based on analysis of individual accounts.

Recognition of revenue

The Company’s revenue recognition policies are in compliance with ASC 605-13 (Staff Accounting Bulletin (SAB 104). Sales revenue is recognized at the date of completion of services to customers when a formal arrangement exists, the price is fixed or determinable, the delivery of services is completed, no other significant obligations of the Company exist and collectability is reasonably assured.

Fair Value of Financial Instruments

The Financial Accounting Standards Board issued ASC (Accounting Standards Codification) 820-10, “Fair Value Measurements and Disclosures” for financial assets and liabilities. ASC 820-10 provides a framework for measuring fair value and requires expanded disclosures regarding fair value measurements. FASB ASC 820-10 defines fair value as the price that would be received for an asset or the exit price that would be paid to transfer a liability in the principal or most advantageous market in an orderly transaction between market participants on the measurement date. FASB ASC 820-10 also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs, where available. The following summarizes the three levels of inputs required by the standard that the Company uses to measure fair value:

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

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

Level 3: Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.

The Company had no assets or liabilities to be recorded at fair value on a recurring basis at June 30, 2013.

Income taxes

The Company utilizes FASB ACS 740, “Income Taxes,” which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements or tax returns. Under this method, deferred tax assets and liabilities are determined based on the difference between the tax basis of assets and liabilities and their financial reporting amounts based on enacted tax laws and statutory tax rates applicable to the periods in which the differences are expected to affect taxable income. A valuation allowance is recorded when it is “more likely-than-not” that a deferred tax asset will not be realized.

F-5

Basic and Diluted Loss Per Share

Net loss per share is calculated in accordance with FASB ASC 260, Earnings Per Share, for the period presented. Basic net loss per share is based upon the weighted average number of common shares outstanding. Diluted net loss per share is based on the assumption that all dilutive convertible shares and stock options were converted or exercised. Dilution is computed by applying the treasury stock method. Under this method, options and warrants are assumed exercised at the beginning of the period (or at the time of issuance, if later), and as if funds obtained thereby were used to purchase common stock at the average market price during the period.

The Company has no potentially dilutive securities outstanding as of June 30, 2013.

Recent Accounting Pronouncements

In April 2013, the FASB issued ASU No. 2013-07, “Presentation of Financial Statements” (Topic 205): Liquidation Basis of Accounting. The objective of ASU No. 2013-07 is to clarify when an entity should apply the liquidation basis of accounting and to provide principles for the measurement of assets and liabilities under the liquidation basis of accounting, as well as any required disclosures. The amendments in this standard are effective prospectively for entities that determine liquidation is imminent during annual reporting periods beginning after December 15, 2013, and interim reporting periods therein. We are evaluating the effect, if any, adoption of ASU No. 2013-07 will have on our financial statements.

Going Concern

The Company’s condensed interim financial statements are prepared using generally accepted accounting principles applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. However, the Company has not generated a sustainable source of revenue to meet its obligations and has an accumulated deficit of $2, 244, 260 at June 30, 2013.

In view of the matters described above, recoverability of a major portion of the recorded asset amounts shown in the accompanying condensed balance sheets is dependent upon continued operations of the Company, which in turn is dependent upon the Company’s ability to raise additional capital, obtain financing and to succeed in its future operations. The condensed financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

Management has taken the following steps to revise its operating and financial requirements, which it believes are sufficient to provide the Company with the ability to continue as a going concern. There is however, no assurance that the steps taken by management will meet all our needs or that we will continue as a going concern. The Company is actively pursuing the new business development company activities and additional funding from strategic partners, which would enhance stockholders’ investment. Management believes that the above actions will allow the Company to continue operations through the next fiscal year.

F-6

Development Stage Company

The Company re-entered the development stage at the beginning of the fiscal year as a result of planning new operations and not yet developing significant revenue. Operating results and cash flows reported in the accompanying condensed financial statements from April 1, 2012 (inception) through June 30, 2013 are considered to be those related to development stage activities. They represent the cumulative from inception amounts from development stage activities required to be reported pursuant to Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) Topic 915, Development Stage Entities.

NOTE 3 RELATED PARTY TRANSACTIONS

Company President

George Morris is President, Chief Financial Officer, Vice President, the Chairman of the Board of Directors of the Company and the controlling shareholder of the Company and its related parties through his beneficial ownership expressed as a percentages of the outstanding voting shares of the following related parties:

Internet Infinity Inc. (the Company)	92.17	%
Morris Business Development Company.	99.2	%
Morris & Associates, Inc.	100.00	%
L&M Media	100.00	%
Apple Realty, Inc.	100.00	%

Apple Realty

The Company utilizes office space, telephone and utilities provided by Apple Realty, Inc. at estimated fair market values, as follows:

	Monthly		Annually
Rent	$	100	$	1,200
Telephone		100		1,200
Utilities		100		1,200
Office Expense		100		1,200
	$	400	$	4,800

F-7

Notes Payable to Related Parties

The Company has notes payable to related parties on June 30, 2013 and March 31, 2013 as follows:

	June 30, 2013		March 31, 2013
	(Unaudited)
Morris & Associates, Inc.
Notes Payable interest free, unsecured and due on demand	$	7,209	$	7,209

L&M Media, Inc.
Accounts payable for purchases, converted into a note.
The note is due on demand, unsecured and interest accrues at 6% per annum		29,466		29,466

L&M Media Accrued Interest		23,784		23,342

Total Notes Payable to Related Parties	$	60,459	$	60,017

Due to Officer

The Company has notes payable to the President of the Company George Morris at June 30, 2013 and March 31, 2013 as follows:

	June 30, 2013		March 31, 2012
Note payable to Anna Moras (mother of George Morris) of $400,000 was transferred to the Company President, on June 30, 2012. The interest rate was reduced from 6% to 0% and $150,000 of accrued interest payable was also transferred the Company President	$	400,000	$	400,000

Note Payable to Company President Payable on demand with interest at 6% per year		176,686		176,686

Accrued Interest		103, 828		101,178

Due to Officer- interest free, unsecured and due on demand.		8,535		8,535

Total Notes Payable Due to Officer	$	689,049	$	686,399

NOTE 4 INCOME TAXES

No provision was made for federal income taxes for the three and six months ended June 30, 2013, since the Company had net losses. The net operating loss carry-forward may be used to reduce taxable income through the year 2032. The availability of the Company’s net operating loss carry-forwards are subject to limitation if there is a 50% or more change in the ownership of the Company’s stock. The Company has not recorded a deferred tax asset for its net operating loss carry forwards due to the uncertainty of realization prior to their expiration.

F-8

NOTE 5 STOCK OPTIONS

The Company’s 1996 stock option plan provides that incentive stock options and nonqualified stock options to purchase common stock may be granted to directors, officers, key employees, consultants, and subsidiaries with an exercise price of up to 110% of market price at the date of grant. Generally, options are exercisable one or two years from the date of grant and expire three to ten years from the date of grant.

For the three months ended June 30, 2013, and 2012, the Company granted no options. As of June 30, 2013 there were no options outstanding.

NOTE 6 CAPITAL

As of June 30, 2013 the Company has authorized 30,000,000 preferred shares par value $0.001, of which no shares were issued and outstanding. The Company has authorized 100,000,000 shares of common stock of par value $0.001, of which 33,718,780 shares were issued and outstanding as of June 30, 2013 (unaudited) and March 31, 2013.

F-9

Item 2. Management’s Discussion and Analysis or Plan of Operation

The following discussion and analysis should be read in conjunction with the financial statements and the accompanying notes thereto for the three-month period ended June 30, 2013 and is qualified in its entirety by the foregoing and by more detailed financial information appearing elsewhere. See “Item 1. Financial Statements.” The discussion includes management’s expectations for the future.

Results of Operations – Second Quarter of (“Q2”) Fiscal 2013 Compared to Second Quarter (“Q2”) of Fiscal 2012

Sales

Internet Infinity revenues for Q2 2013 were $3,500, as compared with revenues of $3,500 in Q2 2012. This revenue is attributable to the delivery of Internet consulting services.

Cost of Sales

Our cost of sales was $0 for Q2 2013, as compared to $0 for Q2 2012 since consulting advice had no cost to us at this time.

Operating Expenses

Operating expenses for Q2 2013 increased to $5,406 from $41 for Q2 2012. This increase in operating expenses is primarily due to increased quarterly operating activity.

Net Loss

The Company had a net loss of $1,906 in Q2 2013, as compared with a net profit of $3,459 from operations in Q2 2012. Overall, we had net loss after taxes of $5,198 for Q2 2013 compared to a $848 loss for Q2 of 2012.

Balance Sheet Items

Our cash position decreased to $2,274 as of June 30, 2013 from $4, 731 .

Off-Balance Sheet Arrangements

Our company has not entered into any transaction, agreement or other contractual arrangement with an entity unconsolidated with us under which we have

●

an obligation under a guarantee contract,

●

a retained or contingent interest in assets transferred to the unconsolidated entity or similar arrangement that serves as credit, liquidity or market risk support to such entity for such assets,

●

any obligation, including a contingent obligation, under a contract that would be accounted for as a derivative instrument, or

●

any obligation, including a contingent obligation, arising out of a variable interest in an unconsolidated entity that is held by us and material to us where such entity provides financing, liquidity, market risk or credit risk support to, or engages in leasing, hedging or research and development services with us.

Item 4. Controls and Procedures

Evaluation of disclosure controls and procedures. 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 Chief Financial Officer, of the effectiveness of the design and operation of the Company’s disclosure controls and procedures as of the end of the period covered by this report. Based upon that evaluation, the Chief Executive Officer and Chief Financial Officer concluded that the Company’s disclosure controls and procedures are effective and are designed to provide reasonable assurances of achieving their objectives. Further, the Company’s officers concluded that its disclosure controls and procedures are also effective to ensure that information required to be disclosed in the reports that it files or submits under the Exchange Act is accumulated and communicated to its management, including its chief executive officer and chief financial officer, to allow timely decisions regarding required disclosure. There were no significant changes in the Company’s internal control over financial reporting during the period covered by this report that have materially affected, or are reasonably likely to materially affect our internal controls over financial reporting.

PART II - OTHER INFORMATION

Item 1. Legal Proceedings

We are not, and none of our property is, a party to any pending legal proceedings, and no such proceedings are known to be contemplated.

No director, officer or affiliate of the company, and no owner of record or beneficial owner of more than 5.0% of the securities of the company, or any associate of any such director, officer or security holder is a party adverse to the company or has a material interest adverse to the Company in reference to any litigation.

Item 6. Exhibits

The following exhibits are filed, by incorporation by reference, as part of this Form 10-Q:

2	Certificate of Ownership and Merger of Morris & Associates, Inc., a California corporation, into Internet Infinity, Inc., a Delaware corporation*
2.1	Plan of Merger (Internet Infinity - Delaware into Internet Infinity - Nevada)***
2.2	State of Delaware Certificate of Merger of Domestic Corporation into Foreign Corporation which merges Internet Infinity, Inc., a Delaware corporation, with and into Internet Infinity, Inc., a Nevada corporation***
2.3	Articles of Merger (Pursuant to NRS 92A.200) which merges Internet Infinity, Inc., a Delaware corporation, with Internet Infinity, Inc., a Nevada corporation, with the Nevada corporation being the surviving entity***
3	Articles of Incorporation of Internet Infinity, Inc.*
3.1	Amended Certificate of Incorporation of Internet Infinity, Inc.*
3.2	Bylaws of Internet Infinity, Inc.*
3.3	Corporate Charter and Articles of Incorporation of Internet Infinity, Inc., a Nevada corporation***
3.4	Certificate of Amendment to Articles of Incorporation of Internet Infinity, Inc., a Nevada corporation++
10.1	Master License and non-exclusive Distribution Agreement between Internet Infinity, Inc. and Lord & Morris Productions, Inc.*
10.2	Master License and Exclusive Distribution Agreement between L&M Media, Inc. and Internet Infinity, Inc.*
10.3	Master License and Exclusive Distribution Agreement between Hollywood Riviera Studios and Internet Infinity, Inc.*
10.4	Fulfillment Supply Agreement between Internet Infinity, Inc. and Ingram Book Company**
14	Code of Ethics for CEO and Senior Financial Officers+
31.1	Certification of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002#
31.2	Certification of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.#
32.1	Certification of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.#
32.2	Certification of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.#

Previously filed with Form 10-SB 10-13-99; Commission File No. 0-27633 incorporated herein.

Previously filed with Amendment No. 2 to Form 10-SB 02-08-00; Commission File No. 0-27633 incorporated herein.

***

Previously filed with Form 8-K Current Report March 14, 2005, Commission File No. 0-27633 incorporated herein.

Previously filed with Form 10-KSB; Commission File No. 0-27633 incorporated herein.

++		Previously filed with Form 8-K Current Report February 17, 2006; Commission File No. 0-27633 incorporated herein.
#		Filed herewith.

SIGNATURES

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

	INTERNET INFINITY, INC.

Dated: August 14, 2013	By:	/s/ George Morris
		George Morris, Chief Executive Officer

INTERNET INFINITY, INC. 10-Q