UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. DC 20549

~~Form~~ FORM 10-Q

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

x	Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
	For the Quarter Ended March 31, 2017
o	Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
	For the transition period from ______________ to _____________

For the Quarter Ended June 30, 2017

[ ]

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 000-54001

PROTECT PHARMACEUTICAL CORPORATION

(Exact name of registrant as specified in its charter)

Nevada

27-1877179

(State or other jurisdiction of

incorporation or organization)

(I.R.S. Employer

Identification No.)

95 Merrick Way, Third Floor, Coral Gables, Florida 33143

(Address of ~~Principal~~principal ~~Executive~~executive ~~Offices~~offices)

(954) ~~866~~ 292-~~3726~~0033

(Registrant'’s telephone ~~Telephone Number~~number, ~~Including~~including ~~Area~~area ~~Code~~code)

Indicate by check mark whether the registrant (~~Former~~1) ~~name~~has filed all reports required to be filed by Section 13 or ~~former~~15(d) ~~address,~~of ifthe ~~changed~~Securities ~~since~~Exchange Act ~~last~~of ~~report~~1934 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.

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 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 [X]

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 o No x~~

~~Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.~~Yes [ ~~See~~] ~~the~~No ~~definitions of “large accelerated filer”, “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):~~[X]

~~Large~~Indicate by check mark whether the registrant is a large accelerated filer, oan ~~Accelerated~~accelerated filer, oa ~~Non~~non-~~Accelerated~~accelerated filer, oa ~~Smaller~~smaller reporting company or an emerging growth company. xSee ~~Emerging~~the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” oin Rule 12b-2 of the Exchange Act.

IfLarge accelerated anfile ~~emerging~~[ ] ~~growth~~Accelerated ~~company,~~filer ~~indicate~~[ ] byNon-Accelerated ~~check~~filer ~~mark~~[ ] ifSmaller ~~the~~reporting ~~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. o~~company [X]

~~Indicate~~Emerging growth ~~by check mark whether the registrant is a shell~~ company ~~(as defined in Rule 12b-2 of the Exchange Act): YES~~[ ~~x NO o~~]

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 [ ]

APPLICABLE ONLY TO CORPORATE ISSUERS

Indicate the number of shares outstanding of each of the issuer'’s classes of common equity, as of the latest practicable date.

Class		Outstanding as of ~~May~~June 1930, 2017
Common Stock, $0.005 par value		1,111,460

TABLE OF CONTENTS

PART I. FINANCIAL INFORMATION
PART I.	FINANCIAL INFORMATION
	ITEM 1.	Financial Statements	3
		Balance sheets as of March 31, 2017 (unaudited) and December 31, 2016	4
		Condensed Balance sheets as of June 30, 2017 (unaudited) and December 31, 2016	4
		Statements of operations for the three months ended March 31, 2017 and 2016 (unaudited)	5
		Condensed Statements of Operations for the three months and six months ended June 30, 2017 and 2016 (unaudited)	5
		Statements of cash flows for the three months ended March 31, 2017 and 2016 (unaudited)	6
		Condensed Statements of Cash Flows for the six months ended June 30, 2017 and 2016 (unaudited)	6
		Notes to financial statements (unaudited)	7
		Notes to condensed financial statements as of June 30, 2017 (unaudited)	7-9
	ITEM 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	9-12
	ITEM 3.	Quantitative and Qualitative Disclosures about Market Risk	12
	ITEM 4.	Controls and Procedures	12
PART II. OTHER INFORMATION
PART II.	OTHER INFORMATION
	ITEM 1.	Legal Proceedings	1214
	ITEM 1A.	Risk Factors	1214
	ITEM 2.	Unregistered Sales of Equity Securities and Use of Proceeds	1314
	ITEM 3.	Defaults Upon Senior Securities	1314
	ITEM 4.	Mine Safety Disclosures	1314
	ITEM 5.	Other Information	1314
	ITEM 6.	Exhibits	1315
	SIGNATURES		1416

PART I — FINANCIAL INFORMATION

Item 1. Interim Financial Statements and Notes to Interim Financial Statements

Interim Financial Statements and Notes to Interim Financial Statements

General

The accompanying unaudited interim condensed financial ~~unaudited~~ statements have been prepared in accordance with generally accepted accounting principles for interim financial information, the instructions to Form 10-Q, and Article 10 of Regulation S-X. Therefore, they do not include all information and footnotes necessary for a complete presentation of financial position, results of operations, cash flows, and stockholders’ deficit in conformity with generally accepted accounting principles. Except as disclosed herein, there has been no material change in the information disclosed in the notes to the financial statements included in the Company’s annual report on Form 10-K for the year ended December 31, 2016. In the opinion of management, all adjustments considered necessary for a fair presentation of the results of operations and financial position have been included and all such adjustments are of a normal recurring nature. Operating results for the three months and six months ended ~~March~~June 3130, 2017 are not necessarily indicative of the results that can be expected for the year ending December 31, 2017.

~~PROTECT~~Protect Pharmaceutical ~~PHARMACEUTICALS CORPORATION~~Corporation

Balance Sheets

	March 31,			December 31,
	June 30, 2017			December 31, 2016
	2017			2016
	(Unaudited)
ASSETS
Current Assets
Cash	$	-		$	-
Total Current Assets	$	-		$	-
TOTAL ASSETS	$	-		$	-
LIABILITIES AND STOCKHOLDERS' DEFICIT
LIABILITIES
CURRENT LIABILITIES
Current Liabilities
Accounts payable and accrued expenses	$	950		$	9,950
Accounts Payable & Accrued Expenses	$	950		$	9,950
Related party payables		35,280			10,880
Related Party Payables		35,280			10,880
Total Current Assets		36,230			20,830
Total Current Liabilities	$	36,230		$	20,830
TOTAL LIABILITIES		36,230			20,830
Long-Term Liabilities
Notes Payable, net of debt discounts of $667 and $0, respectively	$	100,333		$	-
Total Long-Term Liabilities	$	100,333		$	-
TOTAL LIABILITIES	$	136,563		$	20,830
STOCKHOLDERS' DEFICIT
Preferred stock: 10,000,000 shares authorized, at $0.001 par value,
Preferred Stock: 10,000,000 shares authorized, at $0.001 par value; 0 shares issued or outstanding as of June 30, 2017 and December 31, 2016	$	-		$	-
no shares issued or outstanding		-			-
Common Stock: 100,000,000 shares authorized at $0.005 par value; 1,111,460 shares issued and outstanding as of June 30, 2017 and December 31, 2016		5,557			5,557
Common stock; 100,000,000 shares authorized, at $0.005 par value,
Additional Paid-In Capital		9,365,612			9,365,612
1,111,460 and 1,111,460 shares issued and outstanding, respectively		5,557			5,557
Accumulated Deficit		(9,507,732	)		(9,391,999	)
Additional paid-in captial		9,365,612			9,365,612
TOTAL STOCKHOLDERS' DEFICIT	$	(136,563	)	$	(20,830	)
Accumulated deficit		(9,407,399	)		(9,391,999	)
Total Stockholders' Deficit		(36,230	)		(20,830	)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$	-		$	-

~~The~~ See accompanying notes ~~are~~to anthe ~~integral~~unaudited ~~part of these condensed~~ financial statements.

~~PROTECT~~Protect Pharmaceutical ~~PHARMACEUTICALS CORPORTION~~Corporation

Statements of Operations

(Unaudited)

	For the Three Months Ended
	3 months ended June 30,						6 months ended June 30,
	March 31,
	2017			2016			2017			2016
	2017			2016
REVENUES	$	-		$	-		$	-		$	-
REVENUES	$	-		$	-
OPERATING EXPENSES
EXPENSES
Professional Fees		100,000			8,855			115,200			10,935
Professional fees		15,200			2,080
Executive Compensation		-			1,500			-			3,000
Executive compensation		-			1,500
General & Administrative		-			103			200			195
General and administrative		200			92
TOTAL OPERATING EXPENSES	$	100,000		$	10,458		$	115,400		$	14,130
LOSS FROM OPERATIONS		(15,400	)		(3,672	)
OPERATING LOSS	$	(100,000	)	$	(10,458	)	$	(115,400	)	$	(14,130	)
OTHER INCOME		-			-
Interest Expense		333			-			333			-
LOSS BEFORE INCOME TAXES		(15,400	)		(3,672	)
LOSS BEFORE TAXES	$	(100,333	)	$	(10,458	)	$	(115,733	)	$	(14,130	)
Income taxes		-			-
Taxes		-			-			-			-
NET LOSS	$	(15100,~~400~~333	)	$	(310,~~672~~458	)	$	(115,733	)	$	(14,130	)
BASIC AND DILUTED LOSS PER SHARE OF COMMON STOCK	$	(0.0109	)	$	(0.0001	)	$	(0.10	)	$	(0.01	)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING		1,111,460			1,111,460			1,111,460			1,111,460

~~The~~ See accompanying notes ~~are~~to anthe ~~integral~~unaudited ~~part of these condensed~~ financial statements.

~~PROTECT~~Protect Pharmaceutical ~~PHARMACEUTICALS CORPORTION~~Corporation

Statements of Cash Flows

(Unaudited)

	For the Three Months Ended
	For 6 months ended June 30,
	March 31,
	2017			2016
OPERATING ACTIVITIES
Net Loss	$	(15115,~~400~~733	)	$	(314,~~672~~130	)
Adjustments to reconcile loss to cash flows from operating activities:
Adjustments to reconcile Net Loss to Net Cash provided by operations:
Services contributed by an officer		-			1,500
Convertible note issued for services		100,333			-
Expenses paid on behalf of the Company		15,400			-
Services contributed by an officer		-			3,000
Changes in operating assets and liabilities:
Accounts payable		-			80
Accounts Payable		(9,000	)		2,570
Net Cash Used In Operating Activities		-			(2,092	)
Accounts Payable - Related Party		24,400			-
Total Adjustments to reconcile Net Loss to Net Cash provided by operations:		115,733			5,570
Net cash used in operating activities	$	-		$	(8,560	)
INVESTING ACTIVITIES
Net cash provided by financing activities	$	-		$	-
FINANCING ACTIVITIES
Proceeds from a related party		-			2,100
Advances from related party		-			8,840
Net Cash Provided in Financing Activities		-			2,100
Net cash provided by financing activities	$	-		$	8,840
NET CHANGE IN CASH	$	-		$	8280
CASH AT BEGINNING OF PERIOD		-			7
CASH AT END OF PERIOD	$	-		$	15287
SUPPLEMENTAL CASH FLOW INFORMATION:
NON CASH FINANCING ACTIVITIES:
NON-CASH FINANCING ACTIVITIES
Accounts payable paid by shareholder	$	9,000		$	-
Convertible note issued for services	$	100,333		$	-

~~The~~ See accompanying notes ~~are~~to anthe ~~integral~~unaudited ~~part of these condensed~~ financial statements.

PROTECT PHARMACEUTICAL CORPORATION

Notes to Financial Statements

March 31, 2017

(Unaudited)

NOTE 1 - FINANCIAL STATEMENTS

The accompanying financial statements have been prepared by the Company without audit. In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations, and cash flows atas ~~March~~of 31June 30, 2017 and for all periods presented herein, have been made.

Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. It is suggested that these condensed financial statements be read in conjunction with the financial statements and notes thereto included in the Company'’s December 31, 2016 audited financial statements. The results of operations for the period ended ~~March~~June 3130, 2017 (unaudited) are not necessarily indicative of the operating results for the year ended December 31, 2017.

NOTE 2 - GOING CONCERN

The Company’s financial statements are prepared using accounting principles generally accepted 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. However, the Company does not have ~~significant~~ cash or other material assets, nor does it have an established source of revenues ~~sufficient~~ to cover its operating costs and to allow it to continue as a going concern. It is the intent of the Company to seek a merger with an existing, operating company. In the interim, shareholders of the Company have committed to meeting its minimal operating expenses.

In addition, the inability of The Company to become current in periodic reporting obligations under the federal securities laws during the second quarter limited the information that the Company was able to provide to the public, to investors and to other interested parties, including customers and certain lenders. Furthermore, such inability to become current limited the Company’s ability to use equity incentives to attract, retain and motivate employees. Such inability to become current also restricted the Company’s ability to raise capital through the issuance of equity or debt securities, use equity securities for acquisitions of complementary companies and businesses and engage in other strategic transactions.

NOTE 3 – SIGNIFICANT ACCOUNTING POLICIES

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 as atof the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. ~~Actual~~ Actual results could differ from those estimates.

Basic Loss per Common Share

Basic loss per share is calculated by dividing the Company’s net loss applicable to common shareholders by the weighted average number of common shares during the period. Diluted ~~earnings~~loss per share is calculated by dividing the Company’s net ~~income~~loss available to common shareholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity. There are no such common stock equivalents outstanding as of ~~March~~June 3130, 2017.

Convertible notes with fixed rate conversion options

The Company may enter into convertible notes, some of which contain, predominantly, fixed rate conversion features, whereby the outstanding principal and accrued interest may be converted by the holder, into common shares at a fixed discount to the market price of the common stock at the time of conversion. This results in a fair value of the convertible note being equal to a fixed monetary amount. The Company records the convertible note liability at its fixed monetary amount by measuring and recording a discount, as applicable, on the Note date with a charge of interest expense in accordance with ASC 480 – “Distinguishing Liabilities from Equity.”

Convertible debt

In July 2017, the FASB issued Accounting Standards Update No. 2017-11 Earnings Per Share (Topic 260) Distinguishing Liabilities from Equity (Topic 480) Derivatives and Hedging (Topic 8115) (“ASU 2017-11”), which changes the classification analysis of certain equity-linked financial instruments (or embedded features) with down round features. When determining whether certain financial instruments should be classified as liabilities or equity instruments, a down round feature no longer precludes equity classification when assessing whether the instrument is indexed to an entity’s own stock. ASU 2017-11 also clarifies existing disclosure requirements for equity-classified instruments. As a result, a freestanding equity-linked financial instrument (or embedded conversion option) no longer would be accounted for as a derivative liability at fair value as a result of the existence of a down round feature. For freestanding equity classified financial instruments, ASU 2017-11 requires entities to present earnings per share (EPS) in accordance with ASC Topic 260 to recognize the effect of the down round feature when it is triggered. That effect is treated as a dividend and as a reduction of income available to common shareholders in basic EPS. For the Company, ASU 2017-11 is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. Early adoption is permitted, including adoption in an interim period. The Company adopted this standard on July 1, 2017, and applied it retroactively to the Company’s financial reporting starting on April 1, 2017.

Recent Accounting Pronouncements

Management has considered all other recent accounting pronouncements issued since the last audit of the Company’s financial statements. The Company’s management believes that these recent pronouncements will not have a material effect on the Company’s financial statements.

PROTECT PHARMACEUTICAL CORPORATION

Notes to Financial Statements

March 31, 2017

(Unaudited)

NOTE 4 – RELATED-PARTY TRANSACTIONS

The Company has recorded advances from related parties and expenses paid by related parties on behalf of the Company as related party payables. As of ~~March~~June 3130, 2017 (unaudited) and December 31, 2016, ~~respectively,~~ the related party payable outstanding balance totaled $35,280 and $10,880, respectively. These payables are non-interest bearing, unsecured, and are due on demand.

NOTE 5 – ~~SUBSEQUENT~~CONVERTIBLE ~~EVENTS~~NOTE

InOn April ~~accordance~~15, ~~with~~2017, ~~ASC~~the ~~855-10~~Company issued a convertible promissory note (the “Convertible Note”) for $101,000 ($100,000 principal plus a 1% original issue discount) to Trident Cap X Corp. (“Trident”), a Florida Limited Liability Company. ~~management~~The ~~reviewed~~Convertible Note ~~all~~has ~~material~~a ~~events~~maturity ~~through~~date of October 15, 2017, with a 15% default interest rate in the case that the principle is not paid off in full by the maturity date or covenants are not met. In the case of ~~this~~default, ~~report~~the holder has the right to convert all or any portion of the value of the Convertible Note, including unpaid principal, unpaid interest (including default interest), and ~~determined~~costs incurred ~~that~~by ~~there~~the ~~are~~holder norelated ~~additional~~to ~~material~~the ~~subsequent~~conversion, ~~events~~into common stock of the Company. The per share conversion price of this Convertible Note into common stock shall be 75% of the lowest traded price of the common stock during the ten consecutive trading days prior to ~~report~~receipt of a notice of conversion from the holder.

~~Item~~NOTE 6 2.– ~~Management's~~SUBSEQUENT ~~Discussion and Analysis of Financial Condition and Results of Operations~~EVENTS

Default and Conversion of Convertible Note

On August 15, 2017, the Company failed to file Form 10-Q for the three months ended June 30, 2017 with the SEC. As a result, the Convertible Note with Trident failed to meet covenant 3.9 “Failure to Comply with the 1934 Act,” triggering an event of default and requiring payment of default interest at an annual rate of 15%.

On February 8, 2018, Trident assigned the Convertible Note issued by the Company on April 15, 2017 to Global Startup League LLC (“Global”) a Florida Limited Liability Company. As of the date of the assignment, the Company had not paid any principal or interest and the Convertible Note remained in default.

On August 6, 2018, GLOBAL filed a Complaint in the Superior Court for the District of Columbia, styled Global Startup League, LLC v. Protect Pharmaceutical Corporation, alleging that the Company had breached the Convertible Note and owed Global $100,000, plus default interest of at least 15% annually as provided for in the Convertible Note, along with the related attorney’s fees.

We reached a settlement with Global on September 14, 2018, including a release, and had the Company’s transfer agent issue 246,918 shares of Common Stock to Global on December 11, 2018 to satisfy the obligation.

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

The Following information should be read in conjunction with the financial statements and notes thereto appearing elsewhere in this Form 10-Q.

Forward-Looking and Cautionary Statements

Unless otherwise indicated, references in this Quarterly Report on Form 10-Q to “we,” “us,” and “our” are to the Company, unless the context requires otherwise. The following discussion and analysis by our management of our financial condition and results of operations should be read in conjunction with our unaudited condensed interim financial statements and the accompanying related notes included in this quarterly report and our audited financial statements and related notes and Management’s Discussion and Analysis of Financial Condition and Results of Operations included in our Annual Report on Form 10-K for the year ended December 31, 2016 filed with the Securities and Exchange Commission.

Cautionary Statement Regarding Forward-Looking Statements

This report may contain forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act, and we intend that such forward-looking statements be subject to the safe harbors created thereby. These forward-looking statements are based on our management’s beliefs and assumptions and on information currently available to our management. Any such forward-looking statements would be contained principally in “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Risk Factors.” Forward-looking statements include information concerning our possible or assumed future results of operations, business strategies, financing plans, competitive position, industry environment, potential growth opportunities and the effects of regulation. Forward-looking statements include all statements that are not historical facts and can be identified by terms such as “anticipates,” “believes,” “could,” “estimates,” “expects,” “hopes,” “intends,” “may,” “plans,” “potential,” “predicts,” “projects,” “should,” “will,” “would” or similar expressions.

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. We discuss many of these risks in greater detail in “Risk Factors.” Given these uncertainties, you should not place undue reliance on these forward-looking statements. Also, forward-looking statements represent our management’s beliefs and assumptions only as of the date of this report. You should read this report and the documents that we reference in this report and have filed as exhibits to the report completely and with the understanding that our actual future results may be materially different from what we expect. Except as required by law, we assume no obligation to update these forward-looking statements publicly, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

Additional information concerning these and other risks and uncertainties is contained in our filings with the Securities and Exchange Commission, including the section entitled “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2016.

Unless otherwise indicated or the context otherwise requires, all references in this Form 10-Q to “we,” “us,” “our,” “our company,” “Protect” refer to Protect Pharmaceutical Corporation.

Our Ability to Continue as a Going Concern

Our independent registered public accounting firm has issued its report dated March 31, 2017, in connection with the audit of our annual financial statements as of December 31, 2016, that included an explanatory paragraph describing the existence of conditions that raise substantial doubt about our ability to continue as a going concern and Note 2 to the unaudited financial statements for the period ended ~~March~~June 3130, 2017 also describes the existence of conditions that raise substantial doubt about our ability to continue as a going concern.

Results of Operations

Three Months ~~months~~ Ended ~~March~~June 3130, 2017 and 2016 (unaudited)

We did not realize revenues for the three-month periods ended ~~March~~June 3130, 2017 and 2016 (unaudited). For the three months ended ~~March 31~~June 30, 2017 (“~~first~~second quarter”), total operating expenses were $15100,~~400~~000, consisting of ~~$15,200 in~~ professional fees ~~and $200 in general and administrative expenses~~. ~~Total~~The ~~operating expenses for the comparable first quarter of 2016 were $3,672, consisting of $2,080~~ increase in professional fees, ~~$1,500~~ in ~~executive compensation and $92 in general and administrative expenses. The net loss for~~ the ~~first~~second quarter of 2017 ~~was~~is ~~$15,400,~~attributable ~~($0.01~~to ~~per~~a ~~share),~~new ~~compared~~contract towith ~~net~~Trident ~~loss~~for ofprofessional ~~$3,672 ($0~~services.00 ~~per~~Interest expense ~~share)~~ for the ~~first~~three ~~quarter~~months ofended ~~2016.~~June ~~The~~30, ~~increase~~2017 inwas ~~professional~~$333, ~~fess~~with in the ~~first~~entire ~~quarter~~amount ofrelated ~~2017 is attributable~~ to ana ~~increase~~convertible innote ~~legal~~with ~~fees $9,000 and audit fees $5,000~~Trident.

~~Liquidity~~Total operating expenses for the comparable second quarter of 2016 were $10,458, consisting of $8,855 in professional fees, $1,500 in executive compensation and ~~Capital~~$103 ~~Resources~~in general and administrative expenses.

~~Total~~The net ~~assets~~loss ~~were~~for $0the assecond quarter of ~~March 31,~~ 2017 ~~and~~was ~~December 31~~$100,333, ~~2016~~(-$0. ~~Total~~09 ~~liabilities~~per ~~at March 31~~share), ~~2017~~compared ~~were~~to ~~$36,230,~~net ~~consisting~~loss of $~~950 in accounts payable and accrued expenses~~10,458 ~~and $35,280 in related~~(-~~party payables~~$0.01 Atper ~~December~~share) ~~31,~~for the ~~2016,~~second ~~total~~quarter ~~liabilities~~of ~~were $20,830~~2016.

~~Because~~Six Months weEnded ~~currently~~June ~~have~~30, no2017 ~~revenues~~ and no2016 cash, for the immediate future we believe we will have to rely on potential advances from stockholders to continue to implement our business activities. There is no assurance that our stockholders will continue indefinitely to provide additional funds or pay our expenses. It is likely the only other source of funding future operations will be through the private sale of our securities, either equity or debt.(unaudited)

AtWe did ~~March~~not 31realize revenues for the six-month periods ended June 30, 2017 and 2016 (unaudited). For the six months ended June 30, 2017, wetotal ~~had~~operating ~~stockholders’~~expenses ~~deficit~~were $115,400, consisting of professional fees of $36115,~~230~~200 ~~compared~~and togeneral ~~stockholders’~~& ~~deficit~~administrative expenses of $20200. The increase in professional fees in the first six months of 2017 is attributable to a new contract with Trident for professional services. Interest expense for the six months ended June 30,~~830~~ at2017 ~~December~~was 31$333, ~~2016~~with the entire amount related to a convertible note with Trident.

Total operating expenses for the comparable period of 2016 were $14,130, consisting of $10,935 in professional fees, $3,000 in executive compensation and $195 in general and administrative expenses.

The net loss for the six-month period was $115,733, (-$0.10 per share), compared to net loss of $14,130 (-$0.01 per share) for the same period of 2016.

Liquidity and Capital Resources

Total assets were $0 as of June 30, 2017 (unaudited) and $0 as of December 31, 2016. Total liabilities at June 30, 2017 (unaudited) were $136,563, consisting of $100,333 in notes payable, $950 in accounts payable and accrued expenses, and $35,280 in related-party payables. At December 31, 2016, total liabilities were $20,830.

Because we currently have limited revenues and cash, for the immediate future we believe we will have to rely on potential advances from stockholders to continue to implement our business activities. There is no assurance that our stockholders will continue indefinitely to provide additional funds or pay our expenses. It is likely the only other source of funding future operations will be through the private sale of our securities, either equity or debt.

At June 30, 2017 (unaudited), we had stockholders’ deficit of $136,563 compared to stockholders’ deficit of $20,830 at December 31, 2016.

Plan of Operation

AsOur current ~~reported~~business onplan ~~Schedule~~is ~~14f,~~to ~~filed~~contemplate ~~with~~a ~~the~~possible ~~Securities and Exchange Commission on September 9, 2016, effective September 9, 2016, Deworth Williams, the principal stockholder of the Company (“Williams”), entered into~~ a ~~Stock~~future ~~Purchase~~business ~~Agreement~~model ~~(the “Agreement”),~~change asby ~~amended (~~the ~~“Amended~~ ~~Agreement”), dated, August 30, 2016, with Taylor Group Holdings, LLC (the “Buyer”), a Florida Limited Liability~~ Company, ~~pursuant~~ to ~~which,~~generate ~~among~~adequate ~~other things, Williams agreed~~ revenue to ~~sell~~sustain tooperations ~~the Buyer,~~ and ~~the~~reduce ~~Buyer~~dependency ~~agreed~~on toshareholder ~~purchase~~funds. ~~from~~The ~~Williams,~~Company aalso ~~total~~continues ofto ~~937,063~~explore ~~shares~~acquisition of ~~Common~~or ~~Stock owned of record and beneficially~~ acquisition by ~~Williams (the“Purchased~~either ~~Shares”). The~~an ~~Purchased~~affiliated ~~Shares~~entity ~~represented~~or ~~approximately~~an ~~84.3% of our issued and outstanding shares of Common Stock~~ as ofyet ~~the~~unknown ~~Record~~other ~~Date~~entity. In connection with the transactions contemplated by the Agreement, the Board of Directors appointed Una Taylor and Theodore Faison to fill vacancies on the our Board of Directors, effective September 19, 2016.

Our current business plan is to contemplate a possible future merger by the Company and either an affiliated entity or an as yet unknown other entity.

Our common stock is currently quoted on the QB tier of the OTC Markets under the ticker symbol “PRTT”.

We may be referred to as a reporting shell corporation. Shell corporations have zero or nominal assets and typically no stated or contingent liabilities. Private companies wishing to become publicly trading may wish to merge with a shell (a reverse merger or reverse acquisition) whereby the shareholders of the private company become the majority of the shareholders of the combined company. The private company may purchase for cash all or a portion of the common shares of the shell corporation from its major stockholders. Typically, the Board and officers of the private company become the new Board and officers of the combined Company and often the name of the private company becomes the name of the combined entity.

We have very limited capital, and it is unlikely that we will be able to take advantage of more than one such business opportunity. However, at the present time, we have not identified any business opportunity that it plans to pursue, nor have we reached any agreement or definitive understanding with any person concerning an acquisition.

It is anticipated that business opportunities will come to our attention from various sources, including its officers and directors, its other stockholders, professional advisors such as attorneys and accountants, securities broker-dealers, venture capitalists, members of the financial community, and others who may present unsolicited proposals. We have no plan, understandings, agreements, or commitments with any individual for such person to act as a finder of opportunities for our company.

Because we currently have no cash, it may be necessary for officers, directors or stockholders to advance funds and we will most likely accrue expenses until a funding can be accomplished. Management intends to hold expenses to a minimum and to obtain services on a contingency basis when possible. Further, we expect directors to defer any compensation until such time as we have sufficient funds. We have not yet entered into any arrangements or definitive agreements to use outside advisors or consultants or to raise any capital.

We are currently exploring possible funding sources, but we have not entered into any arrangements or agreements for funding as of this time. If we are unable to raise the necessary funding, our expansion plans will be delayed indefinitely. There can be no assurance that we will be able to raise the funds necessary to carry out our business plan on terms favorable to the company, or at all.

Changes to Company Officers

June 30, 2017: Una Taylor resigned as Chief Executive Officer.

June 30, 2017: Jordan Fishman was appointed as Chief Executive Officer.

November 17, 2017: Jordan Fishman resigned as Chief Executive Officer.

November 17, 2017: Una Taylor was appointed as Chief Executive Officer.

June 1, 2018: Una Taylor resigned as Chief Executive Officer.

June 1, 2018: Yvette Sanchez was appointed President.

November 12, 2018: Yvette Sanchez resigned as President.

November 13, 2018: Una Taylor was appointed as Chief Executive Officer.

Changes to the Board of Directors

June 30, 2017: Three new members were appointed the Board of Directors: Stuart Sandweiss (Director and Audit Committee Chair), Shimson Bandman (Director), and Shedrick W. Daniels (Director).

Prior to June 30, 2017, the Company did not have an audit committee and, as a result, our entire board of directors performed the duties of an audit committee. Our board of directors will approve in advance the scope and cost of the engagement of an independent auditor before the auditor renders audit and non-audit services. As a result, we have not relied on pre-approval policies and procedures.

June 30, 2017: Una Taylor resigned from the Board of Directors.

June 30, 2017: Theodore Faison resigned from the Board of Directors

June 1, 2018: Yvette Sanchez was appointed a member of the Board of Directors.

June 5, 2018: Yvette Sanchez removed three members from the Board of Directors by majority vote of the company’s shareholders: Stuart Sandweiss (Director and Audit Committee Chair), Shimson Bandman (Director), and Shedrick W. Daniels (Director). There were no disagreements with these former directors of the Company as to its operations, policies or practices.

November 12, 2018: Una Taylor appointed as a member of the Board of Directors.

November 12, 2018: Yvette Sanchez resigned as a member of the Board of Directors.

Off-balance Sheet Arrangements

We do not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to investors.

Item 3. Quantitative and Qualitative Disclosures About Market Risk

Not required under Regulation S-K for “smaller reporting companies.”

Item 4. Controls and Procedures

Evaluation of Disclosure Controls and Procedures.

Disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934) are designed to ensure that information required to be disclosed in reports filed or submitted under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in SEC rules and forms. Disclosure and control procedures are also designed to ensure that such information is accumulated and communicated to management, including the chief executive officer and principal accounting officer, to allow timely decisions regarding required disclosures.

As of the end of the period covered by this quarterly report, we carried out an evaluation, under the supervision and with the participation of management, including our chief executive officer and principal accounting officer, of the effectiveness of the design and operation of our disclosure controls and procedures. In designing and evaluating the disclosure controls and procedures, management recognizes that there are inherent limitations to the effectiveness of any system of disclosure controls and procedures, including the possibility of human error and the circumvention or overriding of the controls and procedures. Accordingly, even effective disclosure controls and procedures can only provide reasonable assurance of achieving their desired control objectives. Additionally, in evaluating and implementing possible controls and procedures, management is required to apply its reasonable judgment. Based on the evaluation described above, management, including our principal executive officer and principal accounting officer, has concluded that, as of March 31, 2017, our disclosure controls and procedures were not effective.12

~~Changes~~As of the end of the period covered by this quarterly report, we carried out an evaluation, under the supervision and with the participation of management, including our chief executive officer of the effectiveness of the design and operation of our disclosure controls and procedures. In designing and evaluating the disclosure controls and procedures, management recognizes that there are inherent limitations to the effectiveness of any system of disclosure controls and procedures, including the possibility of human error and the circumvention or overriding of the controls and procedures. Accordingly, even effective disclosure controls and procedures can only provide reasonable assurance of achieving their desired control objectives. Additionally, in ~~Internal~~evaluating ~~Control~~and ~~Over~~implementing possible ~~Financial~~controls ~~Reporting~~and procedures, management is required to apply its reasonable judgment. Based on the evaluation described above, management, including our principal executive officer and principal accounting officer, has concluded that, as of June 30, 2017, our disclosure controls and procedures were not effective.

~~Management has evaluated whether any change~~ Changes in ~~our~~Internal ~~internal~~Control ~~control~~Over ~~over~~Financial financial reporting occurred during the first quarter of fiscal 2017. Based on its evaluation, management, including the chief executive officer and principal accounting officer, has concluded that there has been no change in our internal control over financial reporting during the first quarter of fiscal 2017 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.Reporting

Management has evaluated whether any change in our internal control over financial reporting occurred during the second quarter of fiscal 2017. Based on its evaluation, management, including the chief executive officer, has concluded that there has been no change in our internal control over financial reporting during the second quarter of fiscal 2017 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

PART II — OTHER INFORMATION

Item 1. Legal Proceedings

There are no material pending legal proceedings to which we are a party or to which any of our property is subject and, to the best of our knowledge, no such actions against us are contemplated or threatened.

Item 1A. Risk Factors

Not required under Regulation S-K for “smaller reporting companies.”

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

~~None.~~Cancelled Securities Purchase Agreement

Eight Dragons (EDRG) board authorized issuance of 3,000,000 shares of its Common Stock to the Company in exchange for 6,100,000 shares of the Company’s Common Stock on June 28, 2017. Securities Purchase Agreement executed with EDRG and the Company on June 30, 2017 for EDRG to purchase 6,100,000 shares in exchange for 3,000,000 EDRG shares with a conversions ration of EDRG to PRTT of $2.03 to $1.00.

Rescission & Mutual Release subsequently executed on June 30, 2017 to negate the EDRG Securities Purchase Agreement. No shares were issued or sold.

Item 3. Defaults Upon Senior Securities

~~There~~On April ~~were~~15, no2017, ~~defaults~~the ~~upon~~Company ~~senior~~issued ~~securities~~a ~~during~~convertible promissory note (the ~~period~~“Convertible ~~ended~~Note”) ~~March~~for 31$101,000 ($100,000 principal plus a 1% original issue discount) to Trident Cap X Corp. (“Trident”), a Florida Limited Liability Company. The Convertible Note has a maturity date of October 15, 2017, with a 15% default interest rate in the case that the principle is not paid off in full by the maturity date. In the case of default, the holder has the right to convert all or any portion of the value of the Convertible Note, including unpaid principal, unpaid interest (including default interest), and costs incurred by the holder related to the conversion, into common stock of the Company. The per share conversion price of this Convertible Note into common stock shall be 75% of the lowest traded price of the common stock during the ten consecutive trading days prior to receipt of a notice of conversion from the holder.

On February 8, 2018, Trident assigned the Convertible Note to Global Startup League LLC (“Global”) a Florida Limited Liability Company. As of the date of the assignment, the Company had not paid any principal or interest. As a result, the Convertible Note was in default.

We reached a settlement with Global on September 14, 2018, including a release, and had PRTT’s transfer agent issue 246,918 shares of Common Stock to Global on December 11, 2018 to satisfy the obligation.

Item 4. Mine Safety Disclosures

This Item is not applicable.

Item 5. Other Information

None.

Item 6. Exhibits

Exhibit No.		Exhibit Name
2.1*		Patent Acquisition Agreement
2.2*		Patent Portfolio
3.1*		Articles of Incorporation
3.2*		Certificate of Amendment -– Capitalization Change
3.3*		Certificate of Amendment -– Name Change 2006
3.4*		Certificate of Amendment -– Name Change 2010
3.5*		By-Laws
4.1*		Instrument defining rights of holders – Specimen Stock Certificate
10.1*		Employment Agreement – Ramesha Sesha
4.2		Certificate of Amendment – Share Authorization
10.2**		Employment Agreement – William D. Abajian
5.1		Securities Purchase Agreement – 8 Dragons
10.3***		Patent Purchase Agreement with Grünenthal GmbH
5.2		Rescission and Mutual Release – 8 Dragons
14.1****		Financial Code of Ethics
14.1**		Financial Code of Ethics
31.1		~~Certification~~Certificate of Principal Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley ~~Act~~act of 2002
31.2		~~Certification~~Certificate of Principal Accounting Officer Pursuant to Section 302 of the Sarbanes-Oxley ~~Act~~act of 2002
32.1		~~Certification~~Certificate of Principal Executive Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley ~~Act~~act of 2002
32.2		~~Certification~~Certificate of Principal Accounting Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley ~~Act~~act of 2002
101 INS		XBRL Instance Document
101 SCH		XBRL Taxonomy Extension Schema Document
101 CAL		XBRL Taxonomy Calculation Linkbase Document
101 DEF		XBRL Taxonomy Extension Definition Linkbase Document
101 LAB		XBRL Taxonomy Labels Linkbase Document
101 PRE		XBRL Taxonomy Presentation Linkbase Document

* Previously filed as exhibit to Form 10 filed June 8, 2010.

*	Previously filed as exhibit to Form 10 filed on June 8, 2010.
**	Previously filed as exhibit to Form 8-K filed on September 20, 2016.

** Previously filed as exhibit to Amendment No.1 Form 10 filed July 21, 2010.15

*** Previously files as exhibit to Form 8-K filed on February 4, 2011.

**** Previously files as exhibit to Form 8-K filed on September 20, 2016.

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.

	Protect Pharmaceutical Corporation	~~Protect Pharmaceutical Corporation~~
Date: May 19, 2017	By:	/s/ UNA TAYLOR
Date: February 7, 2019	By:	/s/ Una Taylor
		Una Taylor
		C.E.O. and Director Principal Accounting Officer
		Chief Executive Officer and Director Principal Executive Officer Principal Accounting Officer

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