0001700357false--12-31Q12021false35000010000000040106612350000003500000003500000142150250000125000002500001245000017003572021-01-012021-03-310001700357us-gaap:SubsequentEventMember2021-05-012021-05-310001700357crkm:RelatedPartyMember2021-01-012021-03-310001700357crkm:NotesPayableTwoMember2021-03-310001700357crkm:NotesPayableOneMember2021-03-310001700357crkm:RelatedPartyMember2021-03-310001700357srt:OfficerMember2020-12-310001700357srt:OfficerMember2021-03-310001700357srt:OfficerMember2021-01-012021-03-310001700357srt:PresidentMember2020-06-300001700357srt:PresidentMember2021-03-310001700357srt:PresidentMember2020-01-012020-09-300001700357srt:PresidentMember2020-01-012020-06-300001700357srt:PresidentMember2019-01-012019-09-300001700357srt:PresidentMember2021-01-012021-03-310001700357crkm:RelatedPartyShareholderMember2020-12-310001700357crkm:RelatedPartyShareholderMember2021-03-310001700357srt:ChiefExecutiveOfficerMember2021-01-012021-03-310001700357srt:BoardOfDirectorsChairmanMember2021-01-012021-03-310001700357crkm:RelatedPartyShareholderMember2020-01-012020-12-310001700357crkm:RelatedPartyShareholderMember2018-11-192018-11-200001700357crkm:ExecutiveAndConsultingAgreementMembersrt:PresidentMember2021-03-310001700357crkm:ExecutiveAndConsultingAgreementMembersrt:PresidentMember2021-01-012021-03-310001700357crkm:ExecutiveAndConsultingAgreementMembersrt:PresidentMember2019-12-302020-01-020001700357us-gaap:CommercialPaperMember2021-01-012021-03-310001700357us-gaap:CommercialPaperMember2021-04-012021-04-070001700357us-gaap:CommercialPaperMember2021-04-070001700357us-gaap:CommercialPaperMember2021-03-310001700357us-gaap:CommercialPaperMember2021-01-040001700357us-gaap:CommercialPaperMember2021-02-260001700357us-gaap:CommercialPaperMember2021-05-150001700357us-gaap:CommercialPaperMember2021-04-150001700357us-gaap:CommercialPaperMember2021-03-150001700357us-gaap:ConvertibleNotesPayableMember2021-01-012021-03-310001700357us-gaap:ConvertibleNotesPayableMember2020-01-012020-03-310001700357crkm:BoardOfDirectorsMember2021-02-202021-03-010001700357crkm:PresidentChiefExecutiveOfficerChiefFinancialOfficerMember2020-12-310001700357crkm:PresidentChiefExecutiveOfficerChiefFinancialOfficerMember2021-03-310001700357crkm:PresidentChiefExecutiveOfficerChiefFinancialOfficerMember2021-01-120001700357us-gaap:ConvertibleNotesPayableMember2019-07-082019-07-090001700357us-gaap:ConvertibleNotesPayableMember2020-12-310001700357us-gaap:ConvertibleNotesPayableMember2021-03-310001700357us-gaap:ConvertibleNotesPayableMember2019-07-090001700357crkm:BoardOfDirectorsMember2021-03-010001700357us-gaap:LoansPayableMembersrt:ChiefExecutiveOfficerMember2020-01-012020-03-310001700357us-gaap:LoansPayableMembersrt:ChiefExecutiveOfficerMember2021-02-202021-03-010001700357us-gaap:LoansPayableMembersrt:ChiefExecutiveOfficerMember2020-12-310001700357us-gaap:LoansPayableMembersrt:ChiefExecutiveOfficerMember2021-01-012021-03-310001700357us-gaap:LoansPayableMembersrt:ChiefExecutiveOfficerMember2021-03-010001700357us-gaap:LoansPayableMembersrt:ChiefExecutiveOfficerMember2021-03-3100017003572019-10-012019-10-310001700357us-gaap:StockCompensationPlanMembercrkm:PromissoryNoteMember2020-03-310001700357us-gaap:StockCompensationPlanMembercrkm:PromissoryNoteMember2021-03-310001700357us-gaap:StockCompensationPlanMemberus-gaap:ConvertibleDebtMember2020-03-310001700357us-gaap:StockCompensationPlanMemberus-gaap:ConvertibleDebtMember2021-03-310001700357us-gaap:StockCompensationPlanMemberus-gaap:AccruedLiabilitiesMember2021-03-310001700357us-gaap:StockCompensationPlanMemberus-gaap:AccruedLiabilitiesMember2020-03-310001700357us-gaap:LicensingAgreementsMember2021-03-310001700357us-gaap:LicensingAgreementsMember2020-12-310001700357us-gaap:LicensingAgreementsMember2021-01-012021-03-310001700357us-gaap:LicensingAgreementsMember2020-01-012020-03-310001700357us-gaap:LicensingAgreementsMember2016-10-302016-11-010001700357us-gaap:RetainedEarningsMember2021-03-310001700357crkm:StockSubscriptionsPayableMember2021-03-310001700357us-gaap:AdditionalPaidInCapitalMember2021-03-310001700357us-gaap:CommonStockMember2021-03-310001700357us-gaap:RetainedEarningsMember2021-01-012021-03-310001700357crkm:StockSubscriptionsPayableMember2021-01-012021-03-310001700357us-gaap:AdditionalPaidInCapitalMember2021-01-012021-03-310001700357us-gaap:CommonStockMember2021-01-012021-03-310001700357us-gaap:RetainedEarningsMember2020-12-310001700357crkm:StockSubscriptionsPayableMember2020-12-310001700357us-gaap:AdditionalPaidInCapitalMember2020-12-310001700357us-gaap:CommonStockMember2020-12-3100017003572020-03-310001700357us-gaap:RetainedEarningsMember2020-03-310001700357us-gaap:AdditionalPaidInCapitalMember2020-03-310001700357us-gaap:CommonStockMember2020-03-310001700357us-gaap:RetainedEarningsMember2020-01-012020-03-310001700357us-gaap:AdditionalPaidInCapitalMember2020-01-012020-03-310001700357us-gaap:CommonStockMember2020-01-012020-03-3100017003572019-12-310001700357us-gaap:RetainedEarningsMember2019-12-310001700357us-gaap:AdditionalPaidInCapitalMember2019-12-310001700357us-gaap:CommonStockMember2019-12-3100017003572020-01-012020-03-3100017003572020-12-3100017003572021-03-3100017003572021-10-21iso4217:USDxbrli:sharesiso4217:USDxbrli:sharesxbrli:pureUNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

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

For the quarterly period ended: ~~March~~June 3130, 2021

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

For the transition period from __________ to __________

Commission file number: 000-55824

Crank Media Inc
(Exact name of registrant as specified in its charter)

Nevada		33-1227600
(State or other jurisdiction		(IRS Employer Identification No.)
of Incorporation or organization)		~~Identification No.)~~

1720-650 West Georgia Street

Vancouver, British BCColumbia, Canada V6B 4N8 (Address of principal executive offices and zip code)

(604) 558-2515 (Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
N/A		N/A		N/A

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

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted 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 such files).
☐ Yes ☒ 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,” and “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

☐ Large accelerated filer ☐ Accelerated filer ☐☒ Non-accelerated filer ☐☒ Smaller Reporting company ☒ Emerging Growth company ☒

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~~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 ☒ No

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

Class		Outstanding at ~~October~~March 2115, ~~2021~~2022
Common stock, $0.001 par value		40,~~456~~506,612

Crank Media, Inc.

Form 10-Q

For the ~~Three~~Six Months Ended ~~March~~June 3130, 2021

INDEX

		Page	~~Page~~
PART I – FINANCIAL INFORMATION
Item 1.	Financial Statements	3	3
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	12	4
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	14
Item 4.	Controls and Procedures	15	7
PART II – OTHER INFORMATION
Item 1.	Legal Proceedings	15	8
Item 1A.	Risk Factors	15	8
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	15	8
Item 3.	Defaults Upon Senior Securities	15	8
Item 4.	Mine Safety Disclosures	15	8
Item 5.	Other Information	15	8
Item 6.	Exhibits	16	8
Signatures		17	9

2 ~~Table of Contents~~

PART I. FINANCIAL INFORMATION

Item 1. Financial Statements

3Crank Media, ~~Table of Contents~~Inc.

~~Crank Media, Inc.~~Balance Sheets

Balance Sheets

	June 30, 2021			December 31, 2020
	(Unaudited)

Assets

Current Assets
Cash	$	-		$	358
Due from related party		24,928			-
Total Current Assets		24,928			358

Total Assets	$	24,928		$	358

Liabilities and Stockholders’ Deficit
Current liabilities
Accounts payable and accrued liabilities	$	197,177		$	14,713
Deferred Revenue		1,066			2,345
Due to related party		26,346			12,450
Promissory notes, net of discount of $0		164,478			-
Loan payable and accrued interest		-			21,849
Convertible notes, net of unamortized discount		-			91,240
Liabilities to be settled in 350,000 shares of common stock		-			350,000

Total Current Liabilities		389,067			492,597

Total Liabilities		389,067			492,597

Stockholders’ Deficit
Common stock: 100,000,000 authorized; $0.001 par value, 40,106,612 and 5,756,612 shares issued and outstanding at June 30, 2021 and December 31, 2020, respectively		40,107			5,757
Additional paid in capital		2,820,389			2,119,975
Common stock subscriptions payable		3,000			-
Accumulated deficit		(3,227,635	)		(2,617,971	)

Total Stockholders’ Deficit		(364,139	)		(492,239	)

Total Liabilities and Stockholders’ Deficit	$	24,928		$	358

~~(Unaudited)~~The accompanying notes are an integral part of these unaudited financial statements

	March 31,			December 31,
	2021			2020
Assets
Current Assets
Cash	$	-		$	358
Due from related party		24,928			-
Total Current Assets		24,928			358
Total Assets	$	24,928		$	358
Liabilities and Stockholders’ Deficit
Current Liabilities
Accounts payable and accrued liabilities	$	79,215		$	14,713
Deferred revenue		1,706			2,345
Due to related party		12,450			12,450
Promissory notes, net of discount of $0		164,478			-
Loan payable and accrued interest		-			21,849
Convertible notes, net of unamortized discount		-			91,240
Liabilities to be settled in 350,000 shares of common stock		-			350,000
Total Current Liabilities		257,849			492,597
Total Liabilities		257,849			492,597
Stockholders’ Deficit
Common stock: 100,000,000authorized; $0.001 par value, 40,106,612 and 5,756,612 shares issued and outstanding at March 31, 2021 and December 31, 2020, respectively		40,107			5,757
Additional paid in capital		2,820,389			2,119,975
Common stock subscriptions payable		3,000			-
Accumulated deficit		(3,096,417	)		(2,617,971	)
Total Stockholders’ Deficit		(232,921	)		(492,239	)
Total Liabilities and Stockholders’ Deficit	$	24,928		$	358

~~The~~Crank Media, ~~accompanying notes are an integral part of these unaudited financial statements~~Inc.

~~4 Table~~ Statements of ~~Contents~~Operations

~~Crank Media, Inc.~~(Unaudited)

Statements of Operations


	Three months ended						Six months ended
	June 30, 2021			June 30, 2020			June 30, 2021			June 30, 2020

Revenues	$	640			640		$	1,279			1,279

Operating Expenses
Compensation expenses - related party		72,000			125,000			346,000			250,000
General and administration expenses		57,150			5,879			111,295			17,753
Total operatinng expenses		129,150			130,879			457,295			267,753

Net Loss From Operations		(128,510	)		(130,239	)		(456,016	)		(266,474	)

Other Income (Expenses)
Interest income (expense)		(2,708	)		3,317			(11,498	)		(3,067	)
Loss on settlement of debt		-			-			(142,150	)		-

Net Loss Before Taxes		(131,218	)		(126,922	)		(609,664	)		(269,541	)

Income tax benefit		-			-			-			-

Net Loss		(131,218	)		(126,922	)		(609,664	)		(269,541	)

Basic and Diluted Loss Per Common Share	$	(0.00	)		(0.02	)	$	(0.02	)		(0.05	)

Weighted Average Number of Common Shares Outstanding, Basic and Diluted		40,106,612			5,131,612			32,523,645			5,131,612

~~(Unaudited)~~The accompanying notes are an integral part of these unaudited financial statements

	For the
	Three Months Ended
	March 31,
	2021			2020
Revenues	$	639		$	639
Operating expenses
Compensation expenses - related party		274,000			125,000
General and administration expenses		54,145			11,874
Total operating expenses		328,145			136,874
Net loss from operations		(327,506	)		(136,235	)
Other Income (Expense)
Interest expense		(8,790	)		(6,384	)
Loss on settlement of debt		(142,150	)		-
Total other expense		(150,940	)		(6,384	)
Net loss before taxes		(478,446	)		(142,619	)
Income tax benefit		-			-
Net loss	$	(478,446	)	$	(142,619	)
Basic and diluted loss per common share	$	(0.02	)	$	(0.03	)
Weighted average number of common shares outstanding, basic and diluted		24,940,678			5,131,612

~~The~~Crank Media, ~~accompanying notes are an integral part of these unaudited financial statements~~Inc.

~~5 Table~~ Statement of ~~Contents~~Stockholders’ Deficit

~~Crank Media, Inc.~~(Unaudited)

~~Statement~~For the ofthree ~~Stockholders’~~and ~~Deficit~~six months ended June 30, 2021

(Unaudited)

					Additional		Stock					Total
	Common Stock				Paid in		Subscriptions		Accumulated			Stockholders’
	Shares		Amount		Capital		Payable		Deficit			Deficit
Balance, December 31, 2020		5,756,612	$	5,757	$	2,119,975	$	-	$	(2,617,971	)	$	(492,239	)
Common stock issued for settlement of convertible note -related party		20,000,000		20,000		84,764		-		-			104,764
Common stock issued for settlement of debt		350,000		350		349,650		-		-			350,000
Common stock issuance for operating expenses- related party		12,500,000		12,500		237,500		-		-			250,000
Common stock issuance as share inducement for settlement of debt		1,500,000		1,500		28,500		-		-			30,000
Common stock subscription for financing fee associated with promissory note		-		-		-		3,000		-			3,000
Net loss for the period		-		-		-		-		(478,446	)		(478,446	)
Balance, March 31, 2021		40,106,612	$	40,107	$	2,820,389	$	3,000	$	(3,096,417	)	$	(232,921	)
Net loss for the period		-		-		-		-		(131,218	)		(131,218	)
Balance, June 30, 2021		40,106,612	$	40,107	$	2,820,389	$	3,000	$	(3,227,635	)	$	(364,139	)

For the ~~Three~~three ~~Months~~and six months ended ~~March~~June 3130, ~~2021~~ 2020

					Additional		Stock					Total
	Common Stock				Paid in		Subscriptions		Accumulated			Stockholders’
	Shares		Amount		Capital		Payable		Deficit			Deficit
Balance, December 31, 2020		5,756,612	$	5,757	$	2,119,975	$	-	$	(2,617,971	)	$	(492,239	)
Balance, December 31, 2019		5,131,612	$	5,132	$	1,345,600	$	-	$	(2,188,337	)	$	(837,605	)
Common stock issued for settlement of convertible note -related party		20,000,000		20,000		84,764		-		-			104,764
Net loss for the period		-		-		-		-		(142,619	)		(142,619	)
Common stock issued for settlement of debt		350,000		350		349,650		-		-			350,000
Balance, March 31, 2020		5,131,612	$	5,132	$	1,345,600	$	-	$	(2,330,956	)	$	(980,224	)
Common stock issuance for operating expenses- related party		12,500,000		12,500		237,500		-		-			250,000
Balance		5,131,612	$	5,132	$	1,345,600	$	-	$	(2,330,956	)	$	(980,224	)
Common stock issuance as share inducement for settlement of debt		1,500,000		1,500		28,500		-		-			30,000
Forgiveness of related party debt		-		-		587,500		-		-			587,500
Common stock subscription for financing fee associated with promissory note		-		-		-		3,000		-			3,000
Net loss for the period		-		-		-		-		(126,922	)		(126,922	)
Net loss for the period		-		-		-		-		(478,446	)		(478,446	)
Balance, June 30, 2020		5,131,612	$	5,132	$	1,933,100	$	-	$	(2,457,878	)	$	(519,646	)
Balance, March 31, 2021		40,106,612	$	40,107	$	2,820,389	$	3,000	$	(3,096,417	)	$	(232,921	)
Balance		5,131,612	$	5,132	$	1,933,100	$	-	$	(2,457,878	)	$	(519,646	)

~~For~~The accompanying ~~the~~notes ~~Three~~are ~~Months~~an ~~ended~~integral ~~March~~part ~~31,~~of ~~2020~~these unaudited financial statements

					Additional					Total
	Common Stock				Paid in		Accumulated			Stockholders’
	Shares		Amount		Capital		Deficit			Deficit
Balance, December 31, 2019		5,131,612	$	5,132	$	1,345,600	$	(2,188,337	)	$	(837,605	)
Net loss for the period		-		-		-		(142,619	)		(142,619	)
Balance, March 31, 2020		5,131,612	$	5,132	$	1,345,600	$	(2,330,956	)	$	(980,224	)

~~The~~Crank Media, ~~accompanying notes are an integral part of these unaudited financial statements~~Inc.

~~6 Table~~ Statements of ~~Contents~~Cash Flows

~~Crank Media, Inc.~~(Unaudited)

Statements of Cash Flows


	Six months ended
	June 30, 2021			June 30, 2020

Cash Flows from Operating Activities
Net loss	$	(609,664	)	$	(269,541	)
Adjustments to reconcile net loss to net cash used in operating activities:
Amortization of discount on convertible note		-			695
Loss on settlement of debts		142,150			-
Common stock issued for debt - related party		250,000			-
Debt discount - note payable		8,550			-
Change in operating assets and liabilities:
Accounts payable and accrued liabilities		99,989			(622	)
Deferred Revenue		(1,279	)		(1,278	)
Accrued Compensation - related party		96,000			250,000
Due to related party		13,896			-

Net Cash Used In Operating Activities	$	(358	)	$	(20,746	)

Cash Flows From Financing Activities
Proceeds from Loans		-			20,890

Net Cash Provided by Financing Activities	$	-		$	20,890

Net change in cash and cash equivalents		(358	)		144
Cash, beginning of period		358			214
Cash, end of period	$	-		$	358

Supplemental Disclosure of Non-Cash Financing Activity
Forgiveness of related party debt		-			587,500
Common stock issued for settlement of convertible note -related party	$	104,764			-
Common stock issued for settlement of debt	$	350,000			-

~~(Unaudited)~~The accompanying notes are integral part of these unaudited financial statements

	For the
	Three Months Ended
	March 31,
	2021			2020
Cash Flows From Operating Activities:
Net loss	$	(478,446	)	$	(142,619	)
Adjustments to reconcile net loss to net cash used in operating activities:
Amortization of discount on convertible note		-			695
Loss on settlement of debt		142,150			-
Common stock issued for debt - related party		250,000			-
Debt discount -note payable		8,550			-
Changes in operating assets and liabilities:
Accounts payable and accrued liabilities		54,027			3,789
Accrued compensation - related party		24,000			125,000
Deferred revenue		(639	)		(639	)
Net Cash Used In Operating Activities		(358	)		(13,774	)
Cash Flows From Financing Activities:
Proceeds from loans		-			13,774
Net Cash Provided by Financing Activities		-			13,774
Net change in cash and cash equivalents		(358	)		-
Cash , beginning of period		358			214
Cash, end of period	$	-		$	214
Supplemental Cash Flow Information:
Cash paid for interest	$	-		$	-
Cash paid for taxes	$	-		$	-
Supplemental Disclosure of Non-Cash Financing Activity
Common stock issued for settlement of convertible note -related party	$	104,764		$	-
Common stock issued for settlement of debt	$	350,000		$	-

~~The~~Crank Media, ~~accompanying notes are an integral part of these unaudited financial statements~~Inc.

7Notes to ~~Table~~Unaudited ofFinancial ~~Contents~~Statements

~~Crank Media~~June 30, ~~Inc.~~2021

~~Notes~~Note 1 to– ~~Unaudited~~Going ~~Financial Statements~~Concern

~~March~~Going Concern ~~31,~~and ~~2021~~Liquidity Considerations

~~Note~~The accompanying 1financial –statements ~~Going~~have ~~Concern~~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 had minimal revenue and has accumulated a deficit of $3,227,635 as of June 30, 2021. The Company requires capital for its contemplated operational and marketing activities. The Company’s ability to raise additional capital through the future issuances of common stock is unknown. The obtainment of additional financing, the successful development of the Company’s contemplated plan of operations, and its transition, ultimately, to the attainment of profitable operations are necessary for the Company to continue operations. These conditions and the ability to successfully resolve these factors raise substantial doubt about the Company’s ability to continue as a going concern within one year from the date these financial statements are issued. The financial statements of the Company do not include any adjustments that may result from the outcome of these uncertainties.

~~Going~~The Company ~~Concern~~has discussed ways in order to mitigate conditions or events that may raise substantial doubt about its ability to continue as a going concern, there are no assurances that any of these measures will successfully mitigate or be effective at all. (1) The Company shall pursue financing plans to raise funds to spend towards operational expenses, (2) The Company shall continue to employ low cost measures to operate its business and ~~Liquidity~~analyze ~~Considerations~~any unnecessary cost or expense, (3) The Company will seek to avoid unnecessary expenditures, travel, and lodging costs that are not mission critical to its business, (4) The Company shall seek to continuously maximize its assets and business licensing strategies to increase revenue as well as to gain new customers.

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 had minimal revenue and has accumulated a deficit of $3,096,417 as of March 31, 2021. The Company requires capital for its contemplated operational and marketing activities. The Company’s ability to raise additional capital through the future issuances of common stock is unknown. The obtainment of additional financing, the successful development of the Company’s contemplated plan of operations, and its transition, ultimately, to the attainment of profitable operations are necessary for the Company to continue operations. These conditions and the ability to successfully resolve these factors raise substantial doubt about the Company’s ability to continue as a going concern within one year from the date these financial statements are issued. The financial statements of the Company do not include any adjustments that may result from the outcome of these uncertainties.COVID-19

~~The~~A novel ~~Company~~strain ~~has~~of ~~discussed~~coronavirus ~~ways~~(COVID-19) was first identified in ~~order~~December to2019, ~~mitigate~~and ~~conditions~~subsequently ordeclared ~~events~~a ~~that~~global ~~may~~pandemic ~~raise~~by ~~substantial~~the ~~doubt~~World Health ~~about~~Organization ~~its~~on ~~ability~~March to11, ~~continue~~2020. asAs a ~~going~~result ~~concern~~of the outbreak, ~~there~~many ~~are~~companies nohave ~~assurances~~experienced ~~that~~disruptions ~~any~~in oftheir ~~these~~operations ~~measures~~and in ~~will~~markets ~~successfully~~served. ~~mitigate~~The orCompany behas ~~effective~~instituted atsome ~~all.~~and ~~(1)~~may ~~The~~take ~~Company~~additional ~~shall~~temporary ~~pursue~~precautionary ~~financing~~measures ~~plans~~intended to ~~raise~~help ~~funds~~ensure tothe well-being ~~spend~~of ~~towards~~its ~~operational~~managers ~~expenses,~~and ~~(2)~~minimize business disruption. The Company ~~shall~~considered ~~continue~~the toimpact ~~employ~~of ~~low~~COVID-19 ~~cost~~on ~~measures~~the toassumptions ~~operate~~and ~~its~~estimates used ~~business~~ and ~~analyze~~determined ~~any~~that ~~unnecessary~~the ~~cost~~primary oradverse ~~expense,~~impact ~~(3)~~on ~~The~~the Company’s ~~will~~results ~~seek~~of tooperations ~~avoid~~and ~~unnecessary~~financial ~~expenditures,~~position ~~travel~~at June 30, ~~and~~2021 has ~~lodging~~been ~~costs~~a ~~that~~slowdown ~~are~~in ~~not~~the ~~mission~~Company’s ~~critical~~film toand ~~its~~television ~~business,~~production ~~(4)~~activities. The full extent of the future impacts of COVID-19 on the Company’s ~~shall~~operations ~~seek~~is touncertain. ~~continuously~~A ~~maximize~~prolonged ~~its~~outbreak ~~assets~~could have a material adverse impact on financial results and business operations ~~licensing~~of ~~strategies~~the Company, including the timing and ability of the Company to ~~increase~~obtain ~~revenue~~financing asto ~~well~~fund asthe operation and to ~~gain~~develop ~~new~~its business ~~customers.~~plan

~~COVID-19~~Note 2 – Summary of Significant Accounting Policies

~~A novel strain~~ Basis of coronavirus (COVID-19) was first identified in December 2019, and subsequently declared a global pandemic by the World Health Organization on March 11, 2020. As a result of the outbreak, many companies have experienced disruptions in their operations and in markets served. The Company has instituted some and may take additional temporary precautionary measures intended to help ensure the well-being of its managers and minimize business disruption. The Company considered the impact of COVID-19 on the assumptions and estimates used and determined that the primary adverse impact on the Company’s results of operations and financial position at March 31, 2021 has been a slowdown in the Company’s film and television production activities. The full extent of the future impacts of COVID-19 on the Company’s operations is uncertain. A prolonged outbreak could have a material adverse impact on financial results and business operations of the Company, including the timing and ability of the Company to obtain financing to fund the operation and to develop its business planPresentation

~~Note~~The accompanying 2unaudited –financial ~~Summary~~statements Ofhave ~~Significant~~been ~~Accounting~~prepared ~~Policies~~in accordance with accounting principles generally accepted in the United States of America for interim financial statements and with the instructions to Form 10-Q and Article 8 of Regulation S-X of the United States Securities and Exchange Commission (“SEC”). Accordingly, they do not contain all information and footnotes required by accounting principles generally accepted in the United States of America for annual financial statements. In the opinion of the Company’s management, the accompanying unaudited financial statements contain all the adjustments necessary (consisting only of normal recurring accruals) to present the financial position of the Company as of June 30, 2021, and the results of operations and cash flows for the periods presented. The results of operations for the period ended June 30, 2021, are not necessarily indicative of the operating results for the full fiscal year or any future period. These unaudited financial statements should be read in conjunction with the financial statements and related notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020, filed with the SEC on April 15, 2021.

~~Basis of Presentation~~7

The accompanying unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial statements and with the instructions to Form 10-Q and Article 8 of Regulation S-X of the United States Securities and Exchange Commission (“SEC”). Accordingly, they do not contain all information and footnotes required by accounting principles generally accepted in the United States of America for annual financial statements. In the opinion of the Company’s management, the accompanying unaudited financial statements contain all the adjustments necessary (consisting only of normal recurring accruals) to present the financial position of the Company as of March 31, 2021, and the results of operations and cash flows for the periods presented. The results of operations for the period ended March 31, 2021, are not necessarily indicative of the operating results for the full fiscal year or any future period. These unaudited financial statements should be read in conjunction with the financial statements and related notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020, filed with the SEC on April 15, 2021.Revenue Recognition

8The Company ~~Table~~records revenue in accordance with FASB Accounting Standards Codification (“ASC”) as topic 606 (“ASC 606”). The revenue recognition standard in ASC 606 outlines a single comprehensive model for recognizing revenue as performance obligations, defined in a contract with a customer as goods or services transferred to the customer in exchange for consideration, are satisfied. The standard also requires expanded disclosures regarding the Company’s revenue recognition policies and significant judgments employed in the determination of ~~Contents~~revenue.

~~Revenue~~On November ~~Recognition~~1, 2016, the Company entered into a Licensing Agreement. The agreement grants the Licensee rights to grant sublicenses to third parties. The license agreement calls for a one-time nonrefundable fee of $10,000 and a $3,000 set up and training fee. The license agreement also calls for a five percent (5%) royalty on further sales by licensees, but no royalty fees have been received to date. All fees and royalty payments are to be recognized over the life of the agreement, which terminates on December 1, 2021.

The setup ~~Company~~and ~~records~~training ~~revenue~~services are essential in ~~accordance~~allowing ~~with~~the ~~FASB~~licensee ~~Accounting~~the ~~Standards~~ability ~~Codification~~to ~~(“ASC”)~~license asthe ~~topic~~software ~~606~~to ~~(“ASC~~third ~~606”)~~parties. ~~The~~As ~~revenue~~a ~~recognition~~result, the ~~standard~~license inand ~~ASC~~set ~~606~~up ~~outlines~~and atraining ~~single~~fees ~~comprehensive~~are ~~model~~not ~~for~~distinct ~~recognizing~~from ~~revenue~~one asanother ~~performance~~and ~~obligations,~~constitute ~~defined in~~ a ~~contract~~single ~~with~~performance aobligation ~~customer~~under ~~as goods or services transferred to~~ the ~~customer in exchange for consideration~~contract. Therefore, ~~are~~the ~~satisfied.~~onetime ~~The~~nonrefundable ~~standard~~fee ~~also~~and ~~requires expanded disclosures regarding~~ the ~~Company’s~~set ~~revenue~~up ~~recognition policies~~ and ~~significant~~training ~~judgments~~fees ~~employed~~are inbeing ~~the~~recognized ~~determination~~over ~~of revenue~~time.

~~On November 1, 2016, the~~ The Company ~~entered~~recognized ~~into~~$640 aand ~~Licensing~~$640 ~~Agreement.~~of ~~The~~revenue ~~agreement~~during ~~grants~~ the ~~Licensee~~three ~~rights~~months toended ~~grant~~June ~~sublicenses~~30, to2021, ~~third~~and ~~parties~~2020, respectively. ~~The~~However, ~~license~~the ~~agreement~~Company recognized ~~calls for a one-time nonrefundable fee of~~ $101,~~000~~279 and a $31,~~000~~279 ~~set~~of uprevenue ~~and~~during ~~training~~the ~~fee.~~six ~~The~~months ~~license~~ended ~~agreement~~June ~~also calls for a five percent (5%) royalty on further sales by licensees~~30, ~~but~~2021 ~~no royalty fees have been received to date. All fees~~ and ~~royalty payments are to be recognized over the life of the agreement~~2020, ~~which terminates on December 1, 2021~~respectively.

~~The setup and training services are essential in allowing the licensee the ability to license the software to third parties.~~ As of aJune ~~result~~30, ~~the~~2021, ~~license~~ and ~~set~~December up31, ~~and~~2020, ~~training~~there ~~fees~~was ~~are~~deferred ~~not~~revenue ~~distinct~~of ~~from~~$1,066 ~~one another~~ and ~~constitute a single performance obligation under the contract. Therefore~~$2,345, ~~the onetime nonrefundable fee and the set up and training fees are being recognized over time~~respectively.

~~The~~Earnings (loss) ~~Company~~per recognized $639 and $639 of revenue during the three months ended March 31, 2021, and 2020, respectively. As of March 31, 2021, and December 31, 2020, there was deferred revenue of $1,706 and $2,345, respectively.share

~~Earnings~~Basic earnings (loss) per share calculations are determined by dividing net income (loss) by the weighted average number of shares outstanding during each period. Diluted earnings (loss) per share calculations are determined by dividing net income (loss) by the weighted average number of shares. For the six months ended June 30, 2021, the Company did not have any liabilities to be settled in stock and convertible debt and accrued interest. For the six months ended June 30, 2020, the Company had $350,000 in liabilities to be settled in stock, $100,164 in convertible debt and accrued interest, representing 350,000 and 20,032,804 shares of common stock not yet issued, which are potentially dilutive. Since the Company has incurred losses for all periods, the impact of the common stock equivalents would be anti- dilutive and therefore are not included in the calculation.

~~Basic~~Fair Value earnings (loss) per share calculations are determined by dividing net income (loss) by the weighted average number of shares outstanding during each period. Diluted earnings (loss) per share calculations are determined by dividing net income (loss) by the weighted average number of shares. For the three months ended March 31, 2021, the Company did not have any liabilities to be settled in stock and convertible debt and accrued interest. For the three months ended March 31, 2020, the Company had $350,000 in liabilities to be settled in stock , $97,890 in convertible debt and accrued interest and promissory note commitment in stock , representing 350,000 , 19,578,000 and 150,000 shares of common stock not yet issued, which are potentially dilutive. Since the Company has incurred losses for all periods, the impact of the common stock equivalents would be anti- dilutive and therefore are not included in the calculation.Measurements

As defined in ASC 820” Fair Value Measurements,” fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (exit price). The Company’s ~~utilizes~~financial ~~market~~instruments ~~data~~consist orof ~~assumptions~~cash, ~~that~~accounts ~~market~~payable ~~participants~~and ~~would~~accrued ~~use~~liabilities, indeferred ~~pricing~~revenue, ~~the~~loan ~~asset or liability~~payable, ~~including assumptions about risk~~ and due ~~the risks inherent in the inputs~~ to ~~the~~related ~~valuation technique~~parties. ~~These inputs can be readily observable, market corroborated, or generally unobservable.~~ The ~~Company~~carrying ~~classifies~~amounts ~~fair value balances based on the observability~~ of ~~those~~these ~~inputs.~~financial ~~ASC~~instruments ~~820~~approximate ~~establishes a~~ fair value ~~hierarchy~~due ~~that prioritizes the inputs used~~ to ~~measure~~either ~~fair~~length ~~value.~~of ~~The~~maturity ~~hierarchy~~or interest ~~gives~~rates ~~the~~that ~~highest~~approximate ~~priority~~prevailing torates ~~unadjusted~~unless ~~quoted~~otherwise ~~prices~~disclosed in ~~active~~these ~~markets~~financial ~~for identical assets or liabilities (level 1 measurement) and the lowest priority to unobservable inputs (level 3 measurement)~~statements.

~~The~~Note 3 ~~Company’s~~– ~~financial~~Liability ~~instruments consist of cash, accounts payable and accrued liabilities, deferred revenue, loan payable, and due~~ to ~~related~~be ~~parties.~~Settled ~~The carrying amounts of these financial instruments approximate fair value due to either length of maturity or interest rates that approximate prevailing rates unless otherwise disclosed~~ in ~~these financial statements.~~Stock

9On October ~~Table~~31, 2019, the Company acquired the rights to four domain names from a third party. The cost to acquire the domain names was 350,000 shares of ~~Contents~~common stock valued at $1.00 per share for a total value of $350,000. During six months ended June 30, 2021, the Company settled this commitment by issuing 350,000 shares of common stock.

~~Note 3 – Liability to be Settled In Stock~~8

OnNote 4 ~~October~~– ~~31,~~Loan ~~2019,~~Payable ~~the~~– ~~Company~~Related acquired the rights to four domain names from a third party. The cost to acquire the domain names was 350,000 shares of common stock valued at $1.00 per share for a total value of $350,000. During the period ended March 31, 2021, the Company settled this commitment by issuing 350,000 shares of common stock.Party

~~Note~~On March 41, –2021, ~~Loan~~the ~~Payable~~Company –entered ~~Related~~into ~~party~~an agreement with a note holder, for settlement of the outstanding balance of principal and accrued interest as of December 31, 2020. According to the agreement and approval of the board of directors, the outstanding balance of a $91,240 face amount promissory note and a loan totaling $21,849 were settled in exchange with issuance of a new promissory note of $134,000 and issuance of 1,500,000 shares of common stock valued for $30,000. The Company’s Chief Executive Officer as purchaser of the convertible note of $91,240 and accrued interest payable of $13,523, converted the note into 20,000,000 shares of common stock.

OnIn conjunction ~~March 1, 2021, the Company and chief executive officer entered into an agreement~~ with ~~a note holder, for~~ settlement of ~~the~~liability ~~outstanding~~by balance of principal and accrued interest as of December 31, 2020. According to the agreement and approval of the board of directors, the outstanding balance of a $91,240 face amount convertible note and a loan totaling $21,849 were settled in exchange with issuance ~~of a new promissory note of $134,000~~ and issuance of ~~1,500,000~~ shares ~~of common stock valued for $30~~,~~000.~~ ~~The~~the Company’s ~~Chief~~recognized ~~Executive Officer as purchaser of the convertible note of~~ $91142,~~240~~150 ~~and~~loss ~~accrued~~on ~~interest~~settlement ~~payable~~ of ~~$13,523,~~debt during ~~converted~~ the ~~note~~six ~~into~~months ~~20,000,000~~ended ~~shares~~June of30, ~~common stock~~2021.

InThe loan ~~conjunction~~payable ~~with~~was cash paid for settlement of ~~liability~~vendors’ byinvoices ~~issuance~~on ~~new~~behalf ~~promissory~~of ~~note~~the Company, at an interest rate of ~~134,000~~10% ~~(Note~~per 6)annum and matures ~~issuance~~on ofdemand. ~~15,000,000~~During ~~shares~~the ofsix ~~common~~months ~~stock~~ended June 30, 2021 and 2020, the ~~Company~~total ~~recognized~~of $~~142~~0 and $13,~~150~~774 ~~loss~~was paid to vendors on ~~settlement~~behalf of ~~debt~~the Company, ~~during~~respectively. For the ~~three~~six months ended ~~March~~June 3130, 2021, and 2020, the Company recorded $0 and $2,414 of interest expense, respectively. The outstanding balance as of June 30, 2021, and December 31, 2020, was $0 and $21,849, which included $0 and $16,203 of principal and $0 and $5,646 in accrued interest, respectively.

~~The~~Note 5 ~~loan~~– ~~payable~~Convertible ~~was~~Note ~~cash~~Payable ~~paid~~– ~~for~~Related settlement of vendors’ invoices on behalf of the Company, at an interest rate of 10% per annum and matures on demand. During the three months ended March 31, 2021 and 2020, the total of $0 and $13,774 was paid to vendors on behalf of the Company, respectively. For the three months ended March 31, 2021, and 2020, the Company recorded $0 and $2,414 of interest expense, respectively. The outstanding balance as of March 31, 2021, and December 31, 2020, was $0 and $21,849, which included $0 and $16,203 of principal and $0 and $5,646 in accrued interest, respectively.Party

~~Note~~On July 59, –2019, ~~Convertible~~the ~~Note~~Company ~~Payable~~entered –into ~~Related~~a ~~Party~~convertible note agreement with the holder of the promissory note, whereby the holder agreed to refinance for an aggregate principal amount of $66,240 and $25,000 for administrative and consulting fees for a total note amount of $91,240.

OnThe note ~~July~~earns 9an interest rate equal to 10% per annum and matures on January 1, ~~2019~~2021. The Company recorded a debt discount of $25,000 as result of the ~~Company~~original ~~entered~~issue ~~into~~discount. aThe note is convertible ~~note~~at ~~agreement~~fixed ~~with~~rate ~~the~~of ~~holder~~$0.005 of ~~the~~common ~~promissory~~stock. ~~note,~~Because ~~whereby~~of the ~~holder~~fixed ~~agreed~~nature toof the ~~refinance~~conversion ~~for~~the anCompany ~~aggregate~~determined ~~principal~~that ~~amount~~there ofwas ~~$66,240~~no ~~and~~beneficial ~~$25,000~~conversion ~~for~~feature ~~administrative~~which ~~and~~would ~~consulting~~have ~~fees~~qualified it for aderivative ~~total~~accounting under ~~note~~ASC ~~amount~~815-15, of“Derivatives ~~$91,240.~~and Hedging.”

~~The~~On January ~~note~~12, ~~earns~~2021, anpursuant ~~interest rate equal~~ to ~~10%~~a ~~per~~general ~~annum~~agreement ~~and~~dated ~~matures~~December on21, ~~January 1~~2020, ~~2021.~~the ~~The~~ Company’s ~~recorded~~President, aChief ~~debt~~Executive ~~discount of $25~~Officer,~~000~~ asChief Financial ~~result~~Officer ofpurchased the ~~original~~outstanding ~~issue~~balance ~~discount.~~of ~~The~~the note isand ~~convertible~~accrued atinterest ~~fixed~~totaling ~~rate of~~ $~~0.005~~104,764 offrom ~~common~~note ~~stock~~holder. ~~Because~~On ofMarch 1, 2021, the ~~fixed~~Company’s ~~nature~~Board of ~~the~~directors ~~conversion~~approved ~~the~~issuance ~~Company~~of ~~determined~~20,000,000 ~~that~~shares ~~there~~of ~~was~~common nostock ~~beneficial~~(pursuant ~~conversion~~to ~~feature~~the ~~which~~original ~~would~~conversion terms ~~have~~of ~~qualified~~the itnote) for ~~derivative~~settlement ~~accounting~~of ~~under~~convertible ~~ASC~~note ~~815-15~~outstanding balance of $104,764 ~~”Derivatives~~to ~~and~~the ~~Hedging~~Company’s officer.”

OnFor the ~~January~~six ~~12,~~months ~~2021,~~ended ~~pursuant~~June to30, ~~a general agreement dated December 21~~2021, and 2020, the Company’s ~~President,~~recorded ~~Chief~~$0 ~~Executive~~and ~~Officer,~~$695 ~~Chief~~amortization ~~Financial~~of ~~Officer purchased~~ the ~~outstanding~~debt ~~balance~~discount ofon the note ~~and accrued interest totaling $104~~,~~764~~ ~~from~~respectively. For ~~note~~the ~~holder.~~six Onmonths ~~March~~ended 1June 30, 2021, and 2020, the Company’s ~~Board~~recorded ofinterest ~~directors~~expense ~~approved~~of ~~issuance~~$0 ofand 20$1,~~000~~130,~~000~~ ~~shares~~respectively. ofFor ~~common stock (pursuant to~~ the ~~original~~six ~~conversion~~months ended ~~terms~~June of30, 2020, the ~~note)~~Company ~~for~~recorded ~~settlement~~a recovery of ~~convertible~~interest ~~note~~expense ~~outstanding balance~~ of $~~104~~3,~~764~~317, to ~~the~~reconcile ~~Company’s~~accrued ~~officer~~interest to actual.

~~For~~As of ~~the~~June ~~three months ended March 31~~30, 2021, and December 31, 2020, the Company ~~recorded~~had $0convertible ~~and~~note ~~$695 amortization~~ of ~~the~~$0 ~~debt~~and ~~discount on the note~~$91,240 ~~respectively. For the three months ended March 31, 2021,~~ and ~~2020,~~accrued ~~the Company recorded~~ interest ~~expense~~ of $0 and $413,~~613~~524, respectively.

~~As of March 31, 2021, and December 31, 2020, the Company had convertible note of $0 and $91,240 and accrued interest of $0 and $13,524, respectively.~~9

10Note 6 ~~Table~~– ofPromissory ~~Contents~~Note Payable

~~NOTE~~(i) On 6February –26, ~~PROMISSORY~~2021, ~~NOTE~~the ~~PAYABLE~~Company issued a promissory note of $134,000. The note shall be due and payable as follows:

On(i) ~~February~~$54,667 26on or before March 15, 2021, ~~the~~(outstanding) ~~Company~~(ii) ~~issued~~$39,667 aon ~~promissory~~or ~~note~~before ofApril ~~$134~~15,~~000.~~ ~~The~~2021 ~~note~~(outstanding) ~~shall~~(iii) be$39,666 ~~due~~on ~~and~~or ~~payable~~before asMay ~~follows:~~15, 2021 (outstanding)

~~(i)~~The Company’s ~~$54~~President,~~667~~ onChief orExecutive ~~before~~Officer, ~~March~~Chief 15Financial Officer guaranteed the note personally. Note is interest free, with a default rate from maturity date of 10% per annum. As of June 30, 2021, ~~(outstanding)~~the ~~(ii)~~first obligation of $3954,667; onsecond orobligation ~~before~~of ~~April~~$ 1539,667 and ~~2021~~third ~~(outstanding)~~obligation ~~(iii)~~of $39,666 onwere ornot ~~before~~paid ~~May~~and 15it is in default. During the six months ended June 30, 2021, ~~(outstanding)~~the Company recorded $2,928 default interest.

~~The Company’s President, Chief Executive Officer, Chief Financial Officer guaranteed the note personally. Note is interest free, with a default rate from maturity date of 10% per annum.~~ As of ~~March~~June 3130, 2021, the ~~first~~outstanding ~~obligation~~balance of ~~$54,667~~promissory ~~was~~note ~~not paid~~ and itaccrued ~~was~~interest inwere ~~default.~~$134,000 ~~During~~and ~~the three months ended March 31~~$2, ~~2021~~928, ~~the Company recorded $240 default interest~~respectively.

As(ii) On ofJanuary ~~March 31~~4, 2021, the ~~outstanding~~Company ~~balance~~issued ofa promissory note ~~and~~of ~~accrued~~$17,000 for a cash loan advance from a related party The note shall be due on or after February 5, 2021. The note shall bear interest ~~were~~from ~~$134~~January 1,~~000~~ ~~and~~2022 ~~240~~at the rate of 5% per annum. There shall be no interest accruing during 2021. The note was in default on June 30, ~~respectively~~2021 and no default interest applicable.

(ii) On ~~January~~June 430, 2021, the Company issued a promissory note of $177,928 (CAD10,000) for a cash loan ~~advanced~~advance tofrom aan ~~related~~unrelated party. The note is ~~shall~~interest befree and was due on orApril ~~after February 5~~7, 2021 which was not paid and it is in default. The ~~note~~amount ~~shall~~due ~~bear~~is ~~interest~~$13,478 ~~from~~(CAD17,000) ~~January~~and 1issuance of $3,000 ~~2022~~worth of common stock at ~~the~~conversion ~~rate~~price of 5%$0.02 per ~~annum~~share. ~~There~~Further, ~~shall~~the beCompany norecorded ~~interest~~common ~~accruing~~stock ~~during~~payable ~~2021.~~of ~~The~~$3,000, interest ~~note~~expense ~~was~~of in$8,550 ~~default~~for onfinance ~~March~~cost 31of $3,000 ~~2021~~ and noamortized ~~default~~debt ~~interest~~discount ~~applicable~~of $5,550.

~~(ii) On March 31, 2021, the Company issued a promissory note of $~~Note 7~~,928~~ ~~(CAD10,000)~~– ~~for~~Related aParty cash loan advanced to a related party. The note is interest free and shall be due on April 7, 2021 in amount of $13,478 (CAD17,000) and issuance of $3,000 worth of common stock at conversion price of $0.02 per share. The Company recorded common stock payable of $3,000, interest expense of $8,550for finance cost of $3,000 and amortized debt discount of $5,550.Transactions

~~NOTE 7 – RELATED PARTY TRANSACTIONS~~Compensation

~~Compensation~~(i) On January 1, 2020, the Company amended the January 1, 2015, Executive and Consulting Agreement with Sandor Miklos, former President, and member of the Board of Directors for services rendered. The amended agreement calls for annual compensation of 500,000 shares of the Company’s common stock. For six months ended June 30, 2020, 250,000 shares valued at $1.00 per share for a total of $250,000 was accrued as compensation for Sandor Miklos. On June 30, 2020, Sandor Miklos forgave accrued stock compensation owed to him valued at $587,500, which represents the compensation for the nine months of year 2019 ($337,500) and the six months ended June 30, 2020 ($250,000). As reported in the Company’s Form 10-Q for the nine months ended September 30, 2020, Mr. Miklos also forgave stock compensation of 125,000 shares for the three months ended September 30, 2020. During the six months ended June 30, 2021, the Company issued 125,000 shares valued at $.10 per share to Mr. Miklos for management fees for the fourth quarter of 2020. This Executive and Consulting Agreement ended as of December 31, 2020. (ii) During the six months ended June 30, 2021, the Company accrued $96,000 officers’ salary. (iii) As of June 30, 2021, and December 31, 2020, the outstanding compensation payable to officers were $96,000 and $0, respectively. (iv) During the six months ended June 30, 2021, the Company financed a related party for amount of $24,928 by issuance of two notes payable of $17,000 and $7,928 (CAD 10,000), see Note 6. As of June 30, 2021, the outstanding receivable from related party was $24,928.

(i) On January 1, 2020, the Company amended the January 1, 2015, Executive and Consulting Agreement with Sandor Miklos, former President, and member of the Board of Directors for services rendered. The amended agreement calls for annual compensation of 500,000 shares of the Company’s common stock. For three months ended March 31, 2020, 125,000 shares valued at $1.00 per share for a total of $125,000 was accrued as compensation for Sandor Miklos. On June 30, 2020, Sandor Miklos forgave accrued stock compensation owed to him valued at $587,500 which represents the compensation for the nine months of year 2019 ($337,500) and the six months ended June 30, 2020 ($250,000). As reported in the Company’s Form 10-Q for the nine months ended September 30, 2020, Mr. Miklos also forgave stock compensation of 125,000 shares for the three months ended September 30, 2020. During the three months ended March 31, 2021, the Company issued 125,000 shares valued at $.10 per share to Mr. Miklos for management fees for the fourth quarter of 2020. This Executive and Consulting Agreement ended as of December 31, 2020. (ii) During the three months ended March 31, 2021, the Company accrued $24,000 officers’ salary. (iii) As of March 31, 2021, and December 31, 2020, the outstanding compensation payable to officers were $24,000 and $0, respectively. (iv) During the three months ended March 31,2021, the Company financed a related party for amount of $24,928 by issuance two notes payable of $17,000 and $7,928 (CAD 10,000), see Note 6. As of March 31,2021 , the outstanding receivable from related party was $24,928.

Due to related party

(i) On November 20, 2018, the Company received a loan payable in the amount of $2,781 from a more than 5% shareholder for the payment of Company expenses. This loan is unsecured, non-interest bearing, and has no specific terms for repayment. During the year ended December 31, 2020, the Company received services in the amounts of $9,669 from same shareholder for updates to the Company’s website recorded as due to related party. As of March 31, 2021 and December 31, 2020, the Company’s outstanding payable of $12,450 was to the same party, respectively.

	(i)	On November 20, 2018, the Company received a loan payable in the amount of $2,781 from a more than 5% shareholder for the payment of Company expenses. This loan is unsecured, non-interest bearing, and has no specific terms for repayment. During the year ended December 31, 2020, the Company received services in the amounts of $9,669 from same shareholder for updates to the Company’s website recorded as due to related party. As of June 30, 2021 and December 31, 2020, the Company’s outstanding payable of $12,450 was to the same party, respectively.

	(ii)	During the six months ended June 30, 2021, $13,896 was due to the Company’s Chief Executive Officer for vendor payments made on behalf of the Company.

11Note 8 ~~Table~~- ~~of Contents~~Equity

~~NOTE~~The Company 8has -authorized ~~EQUITY~~100,000,000 common shares with a par value of $0.001 per share. Each common share entitles the holder to one vote, in person or proxy, on any matter on which action of the stockholders of the corporation is sought.

~~The Company has authorized 100,000,000 common shares with a par value of $0.001 per share. Each common share entitles~~ During the ~~holder~~six tomonths ~~one~~ended ~~vote~~June 30, ~~in person or proxy~~2021, onthe ~~any~~Company ~~matter~~issued onthe ~~which~~following ~~action~~shares of ~~the~~common ~~stockholders of the corporation is sought.~~stock:

~~During~~(i) 350,000 shares of common stock to settle stock payable liability (see Note 3). (ii) 20,000,000 shares of common stock for settlement of convertible note and accrued interest (pursuant to the ~~three~~original ~~months~~conversion ~~ended~~terms ~~March~~of 31the convertible note) – related party of $104,764 ~~2021~~(Note 5). (iii) 1,500,000 shares of common stock to our related party at $0.02 per share for $30,000 in conjunction with a new promissory note – related party to settle loan payable – related party. The price per share was determined based on the ~~Company~~price ~~issued~~per share paid by unrelated third-party investors at approximately the ~~following~~same time. (iv) 12,500,000 shares of common stock: at $0.02 per share for a total reduction of $250,000 owed to an officer for costs incurred on behalf of the Company.

~~(i) 350,000 shares~~ As of ~~common~~June ~~stock~~30, ~~to settle stock payable liability (see Note 3). (ii) 20~~2021,~~000,000~~ ~~shares of common stock for settlement of convertible note~~ and ~~accrued~~December ~~interest~~31, ~~(pursuant~~2020, to the ~~original~~Company ~~conversion~~had ~~terms of the convertible note) – related party of $104~~40,~~764~~106,612 ~~(Note~~and 5~~). (iii) 1~~,~~500~~756,~~000~~612 ~~shares of~~ common stock to our related party at $0.02 per share for $30,000 in conjunction with a new promissory note – related party to settle loan payable – related party. The price per share was determined based on the price per share paid by unrelated third-party investors at approximately the same time. (iv) 12,500,000 shares ofissued ~~common~~and ~~stock at $0.02 per share for a total reduction of $250~~outstanding,~~000~~ ~~as compensation to an officer of the Company~~respectively.

AsNote 9 of– ~~March~~SUBSEQUENT ~~31, 2021, and December 31, 2020, the Company had 40,106,612 and 5,756,612 common shares issued and outstanding, respectively.~~EVENTS

~~NOTE~~During the 9period –ended ~~SUBSEQUENT~~September ~~EVENTS~~30, 2021, the Company issued 400,000 shares as stock-based compensation to employees. The Company has also entered in a loan agreement with HPIL Holding as on November 1, 2021 wherein the borrowed amount is USD 808,500 and interest is payable at the rate of 5% beginning on May 1, 2022.

In May 2021, the Company received a payment for music recordings distribution in the amount of approximately $392,000 for the account of the Company and an additional approximately $392,000 to be paid to the artists who made the recordings. 11

~~The~~Item 2. ~~Company~~Management’s ~~issued~~Discussion ~~350,000shares~~and ~~for~~Analysis ~~services~~of Financial Condition and Results of Operations.

~~12 Table of Contents~~FORWARD-LOOKING STATEMENTS

~~Item~~This Report 2on Form 10-Q contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. ~~Management~~Reference is made in particular to the description of our plans and objectives for future operations, assumptions underlying such plans and objectives, and other forward-looking statements included in this report. Such statements may be identified by the use of forward-looking terminology such as “may,” “will,” “expect,” “believe,” “estimate,” “anticipate,” “intend,” “continue,” or similar terms, variations of such terms or the negative of such terms. Such statements are based on management’s ~~Discussion~~current expectations and ~~Analysis~~are subject to a number of ~~Financial~~factors ~~Condition~~and uncertainties, which could cause actual results to differ materially from those described in the forward-looking statements. Such statements address future events and ~~Results~~conditions concerning, among others, capital expenditures, earnings, litigation, regulatory matters, liquidity and capital resources, and accounting matters. Actual results in each case could differ materially from those anticipated in such statements by reason of ~~Operations~~factors such as future economic conditions, changes in consumer demand, legislative, regulatory and competitive developments in markets in which we operate, results of litigation, and other circumstances affecting anticipated revenues and costs, and the risk factors set forth in the financial statements and related notes included on the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2020, which was filed on April 15, 2021.

~~FORWARD~~As used in this Form 10-~~LOOKING~~Q, ~~STATEMENTS~~“we,” “us,” and “our” refer to Crank Media Inc., which is also sometimes referred to as the “Company.”

This Report on Form 10-Q contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Reference is made in particular to the description of our plans and objectives for future operations, assumptions underlying such plans and objectives, and other forward-looking statements included in this report. Such statements may be identified by the use of forward-looking terminology such as “may,” “will,” “expect,” “believe,” “estimate,” “anticipate,” “intend,” “continue,” or similar terms, variations of such terms or the negative of such terms. Such statements are based on management’s current expectations and are subject to a number of factors and uncertainties, which could cause actual results to differ materially from those described in the forward-looking statements. Such statements address future events and conditions concerning, among others, capital expenditures, earnings, litigation, regulatory matters, liquidity and capital resources, and accounting matters. Actual results in each case could differ materially from those anticipated in such statements by reason of factors such as future economic conditions, changes in consumer demand, legislative, regulatory and competitive developments in markets in which we operate, results of litigation, and other circumstances affecting anticipated revenues and costs, and the risk factors set forth in the financial statements and related notes included on the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2020, which was filed on April 15, 2021.General Overview

AsWe were ~~used~~incorporated in ~~this~~Nevada ~~Form~~on ~~10-Q,~~February ~~“we~~26,” ~~“us~~2013,” and ~~“our”~~on ~~refer~~April 4, 2016, amended the Articles of Incorporation to ~~Crank~~change ~~Media~~the name of the Company to Team 360 Sports Inc., ~~which~~on isApril ~~also~~4, ~~sometimes~~2016, ~~referred~~and then to asCrank ~~the~~Media ~~“Company~~Inc, on December 22, 2020.”

~~General~~The Company ~~Overview~~has its Nevada registered office at 711 S. Carson Street, Suite 4, Carson City, Nevada 89701. The Company’s main phone number is 604-558-2515. Its principal operations are conducted from its office at 1720 - 650 West Georgia Street, Vancouver, British Columbia, Canada V6B 4N8. The Company’s website on the Internet at www.crankmedia.ca.

WeThe Company’s ~~were~~primary ~~incorporated~~business inactivities ~~Nevada~~are onrelated ~~February~~to 26(i) the planning and development for the production and distribution of music recordings, ~~2013~~with four different music recording artists currently under contract, (ii) the planning and ondevelopment ~~April~~of 4the production and distribution of movies, ~~2016~~with two films currently in pre-production and two other film scripts currently being completed, ~~amended~~and (iii) the ~~Articles~~planning and development of ~~Incorporation~~the toproduction ~~change~~and distribution of television shows, with two shows currently in pre-production, one show in the ~~name~~phase of having the ~~Company~~rights to ~~Team~~certain ~~360~~of ~~Sports~~its ~~Inc~~episodes being marketed, onand ~~April~~a 4,fourth ~~2016~~show in a very preliminary stage of development. The Company also is attempting to develop and build its virtual studio, and ~~then~~also intends to ~~Crank~~further ~~Media~~develop ~~Inc,~~its oneasy ~~December~~to 22use platform digital administration management systems for amateur sport s clubs, ~~2020.~~leagues and teams.

~~The~~At June ~~Company has its Nevada registered office at 711 S. Carson Street~~30, ~~Suite 4~~2021, ~~Carson~~the ~~City, Nevada 89701. The~~ Company’s ~~main~~has ~~phone~~had ~~number~~minimal isrevenues ~~604-558-2515.~~as ~~Its~~the ~~principal~~activities ~~operations~~described above are ~~conducted~~primarily ~~from~~in ~~its~~planning ~~office~~and atdevelopment ~~1720 - 650 West Georgia Street, Vancouver, British Columbia, Canada V6B 4N8~~stages. The Company’s ~~website~~fiscal-year onend ~~the~~is ~~Internet~~December ~~at www~~31.~~crankmedia.ca.~~

The Company’s primary business activities are related to (i) the planning and development for the production and distribution of music recordings, with four different music recording artists currently under contract, (ii) the planning and development of the production and distribution of movies, with two films currently in preCOVID-production and two other film scripts currently being completed, and (iii) the planning and development of the production and distribution of television shows, with two shows currently in pre-production, one show in the phase of having the rights to certain of its episodes being marketed, and a fourth show in a very preliminary stage of development. The Company also is attempting to develop and build its virtual studio, and also intends to further develop its easy to use platform digital administration management systems for amateur sport s clubs, leagues and teams.19

AtA novel strain of coronavirus (COVID-19) was first identified in December 2019, and subsequently declared a global pandemic by the World Health Organization on March 3111, ~~2021~~2020. As a result of the outbreak, many companies have experienced disruptions in their operations and in markets served. The primary adverse impact of COVID-19 on the Company’s ~~has~~results ~~had~~of ~~minimal~~operations ~~revenues~~and financial position as ~~the~~of ~~activities~~June 30, ~~described~~2021 ~~above~~has ~~are~~been ~~primarily~~a slowdown in ~~planning~~the Company’s film and ~~development~~television ~~stages~~production activities. The full extent of the future impacts of COVID-19 on the Company’s ~~fiscal-year~~plan ~~end~~of operations is ~~December~~uncertain. 31A prolonged outbreak could have a material adverse impact on the Company’s ability to pursue its business plan in the manner and timing anticipated.

~~COVID-19~~12

~~A novel strain~~ Results of coronavirus (COVID-19) was first identified in December 2019, and subsequently declared a global pandemic by the World Health Organization on March 11, 2020. As a result of the outbreak, many companies have experienced disruptions in their operations and in markets served. The primary adverse impact of COVID-19 on the Company’s results of operations and financial position as of March 31, 2021 has been a slowdown in the Company’s film and television production activities. The full extent of the future impacts of COVID-19 on the Company’s plan of operations is uncertain. A prolonged outbreak could have a material adverse impact on the Company’s ability to pursue its business plan in the manner and timing anticipated. Operations

13The following ~~Table~~discussion ofand ~~Contents~~analysis should be read in conjunction with the Company’s unaudited financial statements for the six months ended June 30, 2021, and 2020, and accompanying notes appended thereto that are included in this quarterly report.

~~Results~~For the ofSix ~~Operations~~Months Ended June 30, 2021 and 2020

~~The~~Our operating ~~following~~results ~~discussion and analysis should be read in conjunction with the Company’s unaudited financial statements~~ for the ~~three~~six months ended ~~March~~June 3130, 2021, and 2020, ~~and accompanying notes appended thereto that~~ are ~~included~~as ~~in this quarterly report.~~follows:

For the Three Months Ended March 31, 2021 and 2020

	Six Months Ended June 30
	2021		2020		Changes ($)
Revenues	$	1,279	$	1,279	$	-
Operating expenses	$	457,295	$	267,753	$	189,542
Interest expense	$	11,498	$	3,067	$	8,431
Loss on settlement of debt	$	142,150	$	-	$	142,150
Net loss	$	609,664	$	269,541	$	340,123

~~Our~~Revenues are ~~operating~~related ~~results~~to ~~for~~ the ~~three~~Licensing ~~months~~Agreement ~~ended~~dated ~~March~~November 311, ~~2021~~2016. The onetime nonrefundable fee and ~~2020,~~the set up and training fees are asbeing recognized ~~follows:~~over the life of the agreement, which terminates on December 1, 2021.

	Three Months Ended
	March 31,
	2021		2020		Changes ($)
Revenues	$	639	$	639	$	-
Operating expenses	$	328,145	$	136,874	$	191,271
Interest expense	$	8,790	$	6,384	$	2,406
Loss on settlement of debt	$	142,150	$	-	$	142,150
Net loss	$	478,446	$	142,619	$	193,677

Operating Expenses

~~Revenues are related to~~ For the ~~Licensing~~six ~~Agreement~~months ~~dated~~ended ~~November~~June 130, ~~2016.~~2021, ~~The~~operating ~~onetime~~expenses ~~nonrefundable~~were ~~fee~~$346,000 ~~and~~for ~~the~~related ~~set~~party upcompensation expenses and ~~training fees are being recognized over the life of the agreement~~$111,295 ~~which~~for ~~terminates~~general and onadministration ~~December 1, 2021~~expenses.

~~Operating~~For the ~~Expenses~~six months ended June 30, 2020, operating expenses were $250,000 for related party compensation expenses and $17,753 for general and administration expenses.

~~For the three months ended March 31, 2021, operating expenses were $274,000 for related party compensation expenses and $54,145 for general and administration expenses.~~Other Expenses

For the ~~three~~six months ended ~~March~~June 3130, 2021, and 2020, ~~operating~~other expenses were $~~125~~2,~~000~~948 and $3,067 for ~~related~~interest ~~party~~on ~~compensation~~loans, ~~expenses~~respectively and $118,~~874~~550 and $0 for ~~general~~finance ~~and~~cost ~~administration~~of ~~expenses~~note payable, respectively.

~~Other~~For the ~~Expenses~~six months ended June 30, 2021 and 2020, other expenses were $142,150 and $0 for loss on settlement of debt, respectively.

~~For the three months ended March 31, 2021,~~ Liquidity and ~~2020,~~Capital ~~other expenses were $240 and $5,689 for interest on loans, respectively and $8,550 for finance cost of note payable and $695 for amortization discount on convertible note, respectively.~~Resources

~~For~~The following ~~three~~table ~~months~~provides ~~ended~~selected ~~March~~financial ~~31,~~data ~~2021~~about ~~and~~the ~~2020,~~Company ~~other~~as ~~expenses~~of ~~were~~June ~~$142~~30,~~150~~ 2021 and $0December ~~for~~31, ~~loss on settlement of debt~~2020, respectively.:

~~Liquidity and~~ Working Capital ~~Resources~~

The following table provides selected financial data about the Company as of March 31, 2021 and December 31, 2020, respectively:

	June 30			December 31,
	2021			2020
Cash	$	-		$	358

Current Assets	$	24,928		$	358
Current Liabilities	$	389,067		$	492,597
Working Capital (Deficiency)	$	(364,139	)	$	(492,239	)

~~Working Capital~~13

	March 31,			December 31,
	2021			2020
Cash	$	-		$	358
Current Assets	$	24,928		$	358
Current Liabilities	$	257,849		$	492,597
Working Capital (Deficiency)	$	(257,849	)	$	(492,239	)

Cash Flows

Cash Flows

	Six Months Ended June 30
	2021			2020			Changes ($)
Cash Flows used in Operating Activities	$	(358	)	$	(20,746	)	$	20,388
Cash Flows provided by Financing Activities	$	-		$	20,890		$	(20,890	)
Net Change in Cash During Period	$	(358	)	$	144		$	(502	)

	Three Months Ended
	March 31,
	2021			2020			Changes ($)
Cash Flows used in Operating Activities	$	(358	)	$	(13,774	)	$	13,416
Cash Flows provided by Financing Activities	$	-		$	13,774		$	(13,774	)
Net Change in Cash During Period	$	(358	)	$	-		$	(358	)

As of June 30, 2021, and December 31, 2020, our current assets were $24,928 and $358, respectively.

14As of ~~Table~~June 30, 2021, our current liabilities and working capital deficiency decreased as compared to December 31, 2020, primarily from settlement of ~~Contents~~domain names liabilities.

As of ~~March~~June 3130, 2021, ~~and~~current ~~December~~liabilities 31consisted primarily of $164,478 ~~2020~~to promissory note payable, ~~our~~$26,346 ~~current~~due ~~assets~~to ~~were~~related party, $24197,~~928~~177 to accounts payable and accrued liabilities and $~~358~~1,066 ~~respectively,~~to ~~from~~deferred ~~solely cash~~revenue.

As of ~~March~~December 31, ~~2021~~2020, our current liabilities ~~and~~consisted ~~working~~primarily ~~capital~~of ~~deficiency~~$350,000 ~~decreased~~to asliabilities ~~compared~~to be settled in stock, $91,240 to ~~December~~convertible notes, 31$21,849 ~~2020~~to loan payable, ~~primarily~~$12,450 ~~from~~due ~~settlement~~to ofrelated ~~domain~~party, ~~names~~$14,713 ~~liabilities~~to accounts payable and $2,345 to deferred revenue.

As of March 31, 2021, current liabilities consisted primarily of $164,478 to promissory note payable, $12,450 due to related party, $79,215 to accounts payable and accrued liabilities and $1,706 to deferred revenue.Operating Activities

AsDuring the ofsix ~~December~~months ~~31,~~ended ~~2020~~June 30, ~~our current liabilities consisted primarily of $350~~2021,~~000~~ tonet ~~liabilities~~cash toused ~~be settled~~ in ~~stock,~~operating ~~$90,240~~activities towas ~~convertible notes,~~ ($21358),~~849~~ tocompared ~~loan payable, $12,450 due~~ to ~~related party,~~ $~~14,713~~144 tofor ~~accounts~~the ~~payable~~six ~~and~~months ended June 30,2020.

~~Operating~~The net ~~Activities~~cash used in operating activities for the six months ended June 30, 2021, was attributed to a net loss of $609,664, decreased by an accrued related party compensation of $96,000 for officers’ salary, loss of settlement of debts of $142,150, stock issued for reimbursement of expenses paid by related party of $250,000, accounts payable and accrued liabilities of $99,989 and increased by a change in deferred revenue of $1,279.

~~During~~The net cash used in operating activities for the ~~three~~six months ended ~~March~~June 3130, ~~2021~~2020, was attributed to a net ~~cash~~loss ~~used~~of in$269,541, ~~operating~~decreased ~~activities~~by ~~was~~an accrued related party compensation of $~~358~~250,000, ~~compared~~amortization toof discount on convertible note of $13695,~~774~~ ~~for~~increased ~~the~~by ~~three~~a ~~months~~change ~~ended~~in ~~March~~accounts 31payable and accrued liabilities of $622 and increased by a deferred revenue of $1,~~2020~~278.

The net cash used in operating activities for the three months ended March 31, 2021, was attributed to a net loss of $478,446, decreased by an accrued related party compensation of $24,000 for officers’ salary, loss of settlement of debts of $142,150, stock issued for debt to related party of $250,000, of $7,928 and decreased by a change in accounts payable and accrued liabilities of $54,027 and increased by a change in deferred revenue of $639.Investing Activities

The Company ~~net~~did ~~cash~~not ~~used~~use inany ~~operating~~funds for investing activities ~~for~~during the three months ended ~~March~~June 31,~~2020,~~ ~~was attributed to a net loss of $142~~2021,~~619,~~ ~~decreased by an accrued related party compensation of $125,000, amortization of discount on convertible note of $695, decreased by a change in accounts payable~~ and ~~accrued liabilities of $3,789 and increased by a deferred revenue of $639~~2020.

~~Investing~~ Financing Activities

~~The~~During the ~~Company~~six ~~did~~months ~~not~~ended ~~use~~June ~~any~~30, ~~funds~~2021, ~~for~~net ~~investing~~cash provided by financing activities ~~during~~was $0, compared to $20,089 for the ~~three~~six months ended ~~March 31~~June 30, ~~2021~~2020, ~~and~~from ~~2020~~loans.

~~Financing~~Off-Balance Sheet ~~Activities~~Arrangements

~~During~~As of ~~the~~June ~~three months ended March 31~~30, 2021, ~~net cash provided by financing activities was $0, compared to $13,774 for~~ the ~~three~~Company ~~months~~had ~~ended~~no ~~March~~material ~~31,~~off-balance ~~2020,~~sheet ~~from loans.~~arrangements

~~Off-Balance~~Critical Accounting ~~Sheet~~Policies ~~Arrangements~~and Estimates

AsThe preparation of ~~March~~financial 31statements and related disclosures in conformity with U.S. generally accepted accounting principles and the Company’s discussion and analysis of its financial condition and operating results require the Company’s management to make judgments, ~~2021~~assumptions and estimates that affect the amounts reported. Management bases its estimates on historical experience and on various other assumptions it believes to be reasonable under the circumstances, the ~~Company~~results ~~had~~of nowhich ~~material~~form ~~off-balance~~the ~~sheet~~basis ~~arrangements~~for making judgments about the carrying values of assets and liabilities. Actual results may differ from these estimates, and such differences may be material.

~~Critical~~Item 3. ~~Accounting~~Quantitative ~~Policies~~ and ~~Estimates~~Qualitative Disclosures About Market Risk.

~~The preparation of financial statements and related disclosures in conformity with U~~Not applicable.S. generally accepted accounting principles and the Company’s discussion and analysis of its financial condition and operating results require the Company’s management to make judgments, assumptions and estimates that affect the amounts reported. Management bases its estimates on historical experience and on various other assumptions it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities. Actual results may differ from these estimates, and such differences may be material.

~~Item 3. Quantitative and Qualitative Disclosures About Market Risk.~~14

~~Not~~Item 4. ~~applicable~~Controls and Procedures.

15Evaluation of ~~Table~~Disclosure ofControls ~~Contents~~and Procedures

~~Item~~Our management 4is responsible for establishing and maintaining a system of disclosure controls and procedures (as defined in Rule 13a-15(e) under the Exchange Act) that is designed to ensure that information required to be disclosed by the Company in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported, within the time specified in the Commission’s rules and forms. ~~Controls~~Disclosure controls and ~~Procedures~~procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by an issuer in the reports that it files or submits under the Exchange Act is accumulated and communicated to the issuer’s management, including its principal executive officer or officers and principal financial officer or officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.

~~Evaluation~~Pursuant to Rule 13a-15(b) under the Exchange Act, the Company carried out an evaluation with the participation of ~~Disclosure~~the ~~Controls~~Company’s management, including the Company’s Chief Executive Officer (“CEO”) and ~~Procedures~~the Company’s Chief Financial Officer (“CFO”), of the effectiveness of the Company’s disclosure controls and procedures (as defined under Rule 13a-15(e) under the Exchange Act) as of June 30, 2021. Based upon that evaluation, the Company’s CEO concluded that the Company’s disclosure controls and procedures were not effective as of June 30, 2021 due to the Company’s limited internal resources and lack of ability to have segregation of duties and multiple levels of transaction review.

~~Our management~~ Management is ~~responsible~~in ~~for~~the ~~establishing~~process ~~and maintaining a system~~ of ~~disclosure~~determining ~~controls~~how ~~and~~best ~~procedures~~to ~~(as~~change ~~defined~~our incurrent ~~Rule~~system ~~13a-15(e)~~and ~~under~~implement ~~the~~a ~~Exchange~~more ~~Act)~~effective ~~that~~system ~~is designed~~ to ensure that information required to be disclosed ~~by the Company~~ in the reports that we file or submit under the Exchange Act ishave been recorded, processed, summarized and reported~~, within the time specified in the Commission’s rules and forms~~ accurately. ~~Disclosure~~Our ~~controls~~management ~~and~~intends ~~procedures~~to ~~include,~~develop ~~without limitation, controls and~~ procedures ~~designed~~ to ~~ensure~~address ~~that~~the ~~information~~current ~~required~~deficiencies to bethe ~~disclosed~~extent bypossible angiven ~~issuer~~ limitations in ~~the~~financial ~~reports~~and ~~that~~manpower itresources. ~~files~~While ormanagement ~~submits~~is ~~under~~working ~~the~~on ~~Exchange~~a ~~Act~~plan, isno ~~accumulated~~assurance ~~and~~can ~~communicated~~be tomade ~~the~~at ~~issuer’s~~this ~~management,~~point ~~including~~that ~~its~~the ~~principal~~implementation of ~~executive~~such ~~officer~~controls ~~or officers~~ and ~~principal~~procedures ~~financial~~will ~~officer~~be orcompleted ~~officers,~~in ora ~~persons~~timely ~~performing~~manner ~~similar~~or ~~functions,~~that asthey ~~appropriate~~will tobe ~~allow~~adequate ~~timely~~once ~~decisions regarding required disclosure~~implemented.

~~Pursuant~~Changes in toInternal ~~Rule~~Control ~~13a-15(b)~~over under the Exchange Act, the Company carried out an evaluation with the participation of the Company’s management, including the Company’s Chief Executive Officer (“CEO”) and the Company’s Chief Financial Officer (“CFO”), of the effectiveness of the Company’s disclosure controls and procedures (as defined under Rule 13a-15(e) under the Exchange Act) as of March 31, 2021. Based upon that evaluation, the Company’s CEO concluded that the Company’s disclosure controls and procedures were not effective as of March 31, 2021 due to the Company’s limited internal resources and lack of ability to have segregation of duties and multiple levels of transaction review.Reporting

~~Management~~There have isbeen inno ~~the~~changes ~~process~~in ~~of determining how best to change~~ our ~~current~~internal ~~system~~control ~~and~~over ~~implement~~financial areporting ~~more effective system to insure~~ that ~~information~~occurred ~~required~~during tothe bequarter ~~disclosed~~ended inJune ~~the~~30, ~~reports~~2021 that ~~we file or submit under the Exchange Act~~ have materially ~~been recorded~~affected, ~~processed,~~or ~~summarized~~are ~~and~~reasonably ~~reported~~likely ~~accurately. Our management intends~~ to ~~develop~~materially ~~procedures~~affect, toour ~~address~~internal ~~the~~control ~~current~~over ~~deficiencies to the extent possible given limitations in~~ financial ~~and manpower resources~~reporting. While management is working on a plan, no assurance can be made at this point that the implementation of such controls and procedures will be completed in a timely manner or that they will be adequate once implemented.

~~Changes~~PART II in- ~~Internal~~OTHER ~~Control over Financial Reporting~~INFORMATION

~~There~~Item 1. ~~have~~Legal been no changes in our internal control over financial reporting that occurred during the quarter ended March 31, 2021 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reportingProceedings.

~~16 Table of Contents~~None.

~~PART~~Item 1A. IIRisk ~~- OTHER INFORMATION~~Factors.

~~Item 1~~Not applicable. ~~Legal Proceedings.~~

~~None~~Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

~~Item~~None, other ~~1A.~~than ~~Risk~~as ~~Factors~~reported in the Forms 8-K filed on March 15, 2021 and April 5, 2021.

~~Not applicable~~Item 3. Defaults Upon Senior Securities

The promissory note payable, which is described in Note 6 to the financial statements herein and which is incorporated by reference to this Item 2.3, ~~Unregistered~~is ~~Sales~~in default in the amount of ~~Equity~~$164,478 ~~Securities~~in principal and ~~Use~~approximately $ 12,400 in interest at March 15, 2022 (which is anticipated to be the date of ~~Proceeds~~filing this Report).

~~None,~~Item 4. ~~other~~Mine ~~than~~Safety ~~as reported in the Forms 8-K filed on March 15, 2021 and April 5, 2021.~~Disclosures

~~Item 3~~Not applicable. ~~Defaults Upon Senior Securities~~

~~The promissory note payable, which is described in Note 6 to the financial statements herein and which is incorporated by reference to this~~ Item 5. 3,Other ~~is in default in the amount of $164,478 in principal and approximately $1,423 in interest at July 19, 2021 (which is anticipated to be the date of filing this Report).~~Information

~~Item 4~~None. ~~Mine Safety Disclosures~~

~~Not applicable.~~15

Item 5 6. ~~Other Information~~Exhibits.

None.

Exhibit No.		Description
3.1		Articles of Incorporation (incorporated by reference to our Registration Statement on Form S-1, as filed with the SEC on March 17, 2017).

3.1.1		Certificate of Amendment (incorporated by reference to our Registration Statement on Form S-1, as filed with the SEC on March 17, 2017).

3.2		Bylaws (incorporated by reference to our Registration Statement on Form S-1, as filed with the SEC on March 17, 2017).

3.2.1		Amendment to Bylaws (incorporated by reference to Form 8-K dated and filed with the SEC on April 5, 2021).

3.2.2		Amendment to Bylaws (incorporated by reference to Form 8-K dated and filed with the SEC on April 15, 2021)

31.1*		Rule 13a-14(a) / 15d-14(a) Certification of Chief Executive Officer and Chief Financial Officer.

32.1**		Section 1350 Certifications of Chief Executive Officer and Chief Financial Officer.

101 *		Interactive Data Files

101.INS		Inline XBRL Instance Document

101.SCH		Inline XBRL Taxonomy Extension Schema Document

101.CAL		Inline XBRL Taxonomy Extension Calculation Linkbase Document

101.DEF		Inline XBRL Taxonomy Extension Definition Linkbase Document

101.LAB		Inline XBRL Taxonomy Extension Label Linkbase Document

101.PRE		Inline XBRL Taxonomy Extension Presentation Linkbase Document

104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

17* Filed ~~Table of Contents~~herewith.

~~Item~~** Furnished 6herewith. ~~Exhibits.~~

Exhibit
No.		Description
3.1		Articles of Incorporation (incorporated by reference to our Registration Statement on Form S-1, as filed with the SEC on March 17, 2017).
3.1.1		Certificate of Amendment (incorporated by reference to our Registration Statement on Form S-1, as filed with the SEC on March 17, 2017).
3.2		Bylaws (incorporated by reference to our Registration Statement on Form S-1, as filed with the SEC on March 17, 2017).
3.2.1		Amendment to Bylaws (incorporated by reference to Form 8-K dated and filed with the SEC on April 5, 2021).
3.2.2		Amendment to Bylaws (incorporated by reference to Form 8-K dated and filed with the SEC on April 15, 2021)
31.1*		Rule 13a-14(a) / 15d-14(a) Certification of Chief Executive Officer and Chief Financial Officer.
32.1**		Section 1350 Certifications of Chief Executive Officer and Chief Financial Officer.
101 *		Interactive Data Files

* Filed herewith.SIGNATURES

**Pursuant to ~~Furnished~~the ~~herewith~~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.

18 Table of Contents

	Crank Media Inc

Dated: March 17, 2022	By:	/s/ Stephen Brown
		Stephen Brown
		Chief Executive Officer

~~SIGNATURES~~17

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.

	Crank Media Inc
Dated: Otober 22, 2021	By:	/s/ Stephen Brown
		Stephen Brown
		Chief Executive Officer

Filing Compare · Crank Media Inc