UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

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

For the quarterly period ended January 31, 2016

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

For the transition period from _________ to _________

Commission File Number: 333-189723

MOBILE LADS CORP.

(Exact name of registrant as specified in its charter)

Nevada	42-1774611
(state or other jurisdiction of incorporation or organization)	(I.R.S. Employer I.D. No.)

3370 NE 190th Street, Suite 3815

Aventura, Florida 33180

(Address of principal executive offices)

1-800-470-9216

Issuer’s telephone number

Indicate by check mark whether the registrant (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 require to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes [X] No [ ]

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

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

Large accelerated filer [ ]

Accelerated filer [ ]

Non-accelerated filer [ ]

Smaller reporting company [ X ]

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

APPLICABLE ONLY TO CORPORATE ISSUERS

State the number of shares outstanding of each of the issuer’s classes of common equity, as of the latest practicable date: As of March 10, 2016 the registrant’s outstanding stock consisted of 311,666,850 common shares.

MOBILE LADS CORP.

FORM 10-Q

For the Quarterly Period Ended January 31, 2016

INDEX

PART I	Financial Information	4
Item 1.	Condensed Unaudited Financial Statements	3
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	10
Item 3.	Quantitative and Qualitative Disclosures about Market Risk	12
Item 4.	Controls and Procedures	12

PART II	Other Information	12
Item 1.	Legal Proceedings	12
Item 1A.	Risk Factors	12
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	12
Item 3.	Defaults Upon Senior Securities	12
Item 4.	Mine Safety Disclosures	12
Item 5.	Other Information	12
Item 6.	Exhibits	13
Signatures		14

PART I - FINANCIAL INFORMATION

Item 1. Financial Statements

MOBILE LADS CORP.

FINANCIAL STATEMENTS

TABLE OF CONTENTS

Condensed Balance Sheets as of January 31, 2016 (unaudited) and April 30, 2015		5
Condensed Statements of Operations for the three and nine months ended January 31, 2016 and 2015 (unaudited)		6
Condensed Statements of Cash Flows for the nine months ended January 31, 2016 and 2015 (unaudited)		7
Notes to the Condensed Financial Statements (unaudited)		8

MOBILE LADS CORP. CONDENSED BALANCE SHEETS
ASSETS
ASSETS		January 31, 2016		April 30, 2015
		(unaudited)		(audited)
Current Assets:
Cash	$	-	$	-
Total current assets		-		-
Intangible assets, net		108,330		145,833

Total Assets	$	108,330	$	145,833

LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)
Current Liabilities:
Accounts payable and accrued expenses	$	78,640	$	20,935
Accrued officer compensation		61,488		3,000
Loan payable		154,578
Loans payable - related parties		323,371		260,776

Total Liabilities		618,077		284,711

Stockholders’ Equity:
Preferred stock, par value $0.00001; 9,000,000 shares authorized, no shares issued and outstanding		-		-
Preferred stock, Series A, par value $0.00001; 1,000,000 shares authorized, 1,000,000 and 0 shares issued and outstanding; respectively		10		-
Common stock, par value $0.00001; 950,000,000 shares authorized, 261,666,850 and 233,566,850 shares issued and outstanding; respectively		2,617		2,336
Common stock payable		150,000		150,000
Additional paid in capital		2,747,273		29,564
Accumulated deficit		(3,409,647)		(320,778)
Total Stockholders’ Equity (Deficit)		(509,747)		(138,878)
Total Liabilities and Stockholders’ Equity (Deficit)	$	108,330	$	145,833

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

MOBILE LADS CORP. CONDENSED STATEMENTS OF OPERATIONS (Unaudited)
		For the Three Months Ended January 31,				For the Nine Months Ended January 31,
		2016		2015		2016		2015

Revenue	$	-	$	-	$	-	$	-

Operating Expenses:
General and administrative		158,435		40,409		258,697		215,989
Consulting		2,028,875		-		2,762,643		-
Professional Fees		17,800		9,196		62,466		36,572

Total operating expenses		2,205,110		49,605		3,083,806		252,561

Loss from operations		(2,205,110)		(49,605)		(3,083,806)		(252,561)

Other expense
Interest expense		(5,063)		-		(5,063)		-
Total other expense		(5,063)		-		(5,063)		-

Provision for Income Taxes		-		-		-		-

Net Loss	$	(2,210,173)	$	(49,605)	$	(3,088,869)	$	(252,561)

Net Loss per share - basic	$	(0.01)	$	(0.00)		(0.01)	$	(0.00)
Weighted average shares outstanding – basic		242,263,589		233,566,850		236,476,305		233,566,850

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

MOBILE LADS CORP. CONDENSED STATEMENT OF CASH FLOWS (unaudited)
		For the Nine Months Ended January 31,
		2016		2015
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$	(3,088,869)	$	(252,561)
Adjustments to reconcile net loss to net cash used in operating activities:
Amortization expense		37,503		-
Common stock issued for services		2,718,000		-
Changes in assets and liabilities:
Increase in accounts payable and accrual		12,705		7,939
Increase in accrued compensation		103,488		-
CASH FLOWS USED IN OPERATING ACTIVITIES		(217,173)		(244,622)

CASH FLOWS FROM INVESTING ACTIVITIES:		-		-

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from loans		205,314
Repayment of loans		(50,736)
Advances from related parties		62,595		244,622
CASH FLOWS PROVIDED BY FINANCING ACTIVITIES		217,173		244,622

NET INCREASE IN CASH:		-		-
Cash, beginning of period		-		-
Cash, end of period	$	-	$	-

SUPPLEMENTAL CASH FLOW INFORMATION:
Interest paid	$	-	$	-
Income taxes paid	$	-	$	-
Supplemental disclosure of non-cash activities
Expenses paid by related party loans	$	106,655	$	244,622
Common stock issued for services	$	2,718,000	$	-

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

MOBILE LADS CORP.

NOTES TO THE CONDENSED

FINANCIAL STATEMENTS

January 31, 2016

(unaudited)

NOTE 1 – ORGANIZATION AND NATURE OF BUSINESS

Mobile Lads Corp. (“the Company”) was incorporated under the laws of the State of Nevada, U.S. on March 26, 2013. Our business is focused on marketing products and services using short message service (SMS) technology. SMS technology involves sending marketing offers through cell phones that target specific audiences at the last minute.

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The accompanying interim unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules and regulations of the United States Securities and Exchange Commission for interim financial information. Accordingly, they do not include all the information and footnotes necessary for a comprehensive presentation of financial position, results of operations, stockholders’ deficit and cash flows. It is management's opinion, however, that all material adjustments (consisting of normal recurring adjustments) have been made which are necessary for a fair financial statement presentation. The interim results for the nine months ended January 31, 2016 are not necessarily indicative of the results for the full fiscal year.

Use of estimates

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

Cash and Cash Equivalents

The Company considers all highly liquid investments with the original maturities of three months or less to be cash equivalents. There were no cash equivalents as of January 31, 2016 and April 30, 2015.

Intangible assets

Intangible assets are carried at cost and amortized over their estimated useful lives, generally on a straight-line basis over three years. The Company reviews identifiable amortizable intangible assets to be held and used for impairment whenever events or changes in circumstances indicate that the carrying value of the assets may not be recoverable. Determination of recoverability is based on the lowest level of identifiable estimated undiscounted cash flows resulting from use of the asset and its eventual disposition. Measurement of any impairment loss is based on the excess of the carrying value of the asset over its fair value.

Fair Value of Financial Instruments

The Company’s financial instruments consist of cash and cash equivalents and amounts due to shareholder. The carrying amount of these financial instruments approximates fair value due either to length of maturity or interest rates that approximate prevailing market rates unless otherwise disclosed in these financial statements.

ASC Topic 820, “Fair Value Measurements and Disclosures,” requires disclosure of the fair value of financial instruments held by the Company. ASC Topic 825, “Financial Instruments,” defines fair value, and establishes a three-level valuation hierarchy for disclosures of fair value measurement that enhances disclosure requirements for fair value measures. The carrying amounts reported in the balance sheets for receivables and current liabilities each qualify as financial instruments and are a reasonable estimate of their fair values because of the short period of time between the origination of such instruments and their expected realization and their current market rate of interest.

The three levels of valuation hierarchy are defined as follows:

Level 1. Observable inputs such as quoted prices in active markets;

Level 2. Inputs, other than the quoted prices in active markets, that are observable either directly or indirectly;

Level 3. Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions.

Income Taxes

The Company follows Section 740-10-30 of the FASB Accounting Standards Codification, which requires recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements or tax returns. Under this method, deferred tax assets and liabilities are based on the differences between the financial statement and tax bases of assets and liabilities using enacted tax rates in effect for the fiscal year in which the differences are expected to reverse. Deferred tax assets are reduced by a valuation allowance to the extent management concludes it is more likely than not that the assets will not be realized. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the fiscal years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the Statements of Income in the period that includes the enactment date.

The Company adopted section 740-10-25 of the FASB Accounting Standards Codification (“Section 740-10-25”) with regards to uncertainty income taxes. Section 740-10-25 addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under Section 740-10-25, the Company may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position should be measured based on the largest benefit that has a greater than fifty percent (50%) likelihood of being realized upon ultimate settlement. Section 740-10-25 also provides guidance on de-recognition, classification, interest and penalties on income taxes, accounting in interim periods and requires increased disclosures. The Company had no material adjustments to its liabilities for unrecognized income tax benefits according to the provisions of Section 740-10-25.

Stock-based Compensation

We account for equity-based transactions with nonemployees under the provisions of ASC Topic No. 505-50, Equity-Based Payments to Non-Employees (“ASC 505-50”). ASC 505-50 establishes that equity-based payment transactions with nonemployees shall be measured at the fair value of the consideration received or the fair value of the equity instruments issued, whichever is more reliably measurable. The fair value of common stock issued for payments to nonemployees is measured at the market price on the date of grant. The fair value of equity instruments, other than common stock, is estimated using the Black-Scholes option valuation model. In general, we recognize the fair value of the equity instruments issued as deferred stock compensation and amortize the cost over the term of the contract.

We account for employee stock-based compensation in accordance with the guidance of FASB ASC Topic 718, Compensation—Stock Compensation, which requires all share-based payments to employees, including grants of employee stock options, to be recognized in the financial statements based on their fair values. The fair value of the equity instrument is charged directly to compensation expense and credited to additional paid-in capital over the period during which services are rendered.

Basic Income (Loss) Per Share

Basic income (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 per share is calculated by dividing the Company’s net income 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 January 31, 2016 and 2015.

Recent Accounting Pronouncements

The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

NOTE 3 – GOING CONCERN

The accompanying unaudited condensed financial statements are prepared using the generally accepted accounting principles applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. However, the Company has had no revenue as of January 31, 2016 and has an accumulated deficit of $3,409,647. The Company currently has limited working capital, and has not completed its efforts to establish a stabilized source of revenue sufficient to cover operating costs over an extended period of time.

Management anticipates that the Company will be dependent, for the near future, on additional investment capital to fund operating expenses. The Company intends to position itself so that it may be able to raise additional funds through the capital markets. In light of management’s efforts, there are no assurances that the Company will be successful in this or any of its endeavors or become financially viable and continue as a going concern.

NOTE 4 – INTANGIBLE ASSETS

Effective March 31, 2015, the Company finalized an asset purchase agreement with KZRP Partners. The assets purchased include software, intellectual property, code, processes and other software and processes known as “Coubox”. The purchase price is $150,000 to be paid with the issuance of 1,000,000 shares of common stock. As of January 31, 2016, the shares have not yet been issued and are therefore shown as a stock payable in the financial statements. The assets will be amortized over their estimated useful life of three years.

Assets stated at cost, less accumulated amortization consisted of the following:

	January 31, 2016		April 30, 2015
Intangible asset	$	150,000	$	150,000
Less: accumulated amortization		(41,670)		(4,167)
Intangible assets, net	$	108,330	$	145,833

Amortization expense for the period ended January 31, 2016 and 2015, was $37,503 and $0, respectively.

NOTE 5 – COMMON STOCK

On January 14, 2016, the Company increased the authorized capital stock from 250 million shares of common stock to 950 million shares of common stock.

On January 19, 2016, the Company issued 14,000,000 shares of common stock to a director for director and consulting services. The shares were valued at the closing price on the date of grant for total non-cash expense of $1,365,000.

On January 19, 2016, the Company issued 14,100,000 shares of common stock for consulting services. The shares were valued at the closing price on the date of grant for total non-cash expense of $1,352,000.

NOTE 6 – PREFERRED STOCK

On January 14, 2016, the Company created a new class of 10,000,000 shares of preferred stock, par value $0.00001.

On January 20, 2015, the Company filed a Certificate of Designation of Series A Preferred Stock with the Nevada Secretary of State designating 1,000,000 of the Company's previously authorized preferred stock. Each share of Series A Preferred Stock entitles the holder thereof to one thousand votes per share on all matters to be voted on by the holders of the Company’s common stock and is not convertible into any shares of the Company's common stock. With respect to rights on liquidation, dissolution or winding up, shares of Series A Preferred Stock rank on a parity with the Company's common stock.

On January 25, 2016, the Company authorized the issuance of 500,000 shares of Series A Preferred Stock to its Chairman and CEO. The issuance of the Series A Preferred was made in consideration for services provided to the Company for total non-cash compensation of $500.

On January 25, 2016, the Company authorized the issuance of 500,000 shares of Series A Preferred Stock to a consultant. The issuance of the Series A Preferred was made in consideration for services provided to the Company for total non-cash compensation of $500.

NOTE 7 – LOAN PAYABLE

During the nine months ended January 31, 2016, a third party made a series of loans to the company for a total due of $154,578. The loans are unsecured, non-interest bearing and due on demand. On November 1, 2015, the terms of the note were renegotiated to include a 12% interest rate per annum. As of January 31, 2016 there is $5,063 of accrued interest due.

NOTE 8 – RELATED PARTY TRANSACTIONS

Loans Payable

As of April 30, 2015, the CEO and companies owned by the CEO advanced the Company a total of $260,776 to pay for legal, auditing, consulting fees and other general operating costs. The advances are unsecured, non-interest bearing and due on demand.

During the nine months ended January 31, 2016, companies owned by the CEO advanced the Company an additional $62,595, for a total amount due of $323,371. The advances are unsecured, non-interest bearing and due on demand.

NOTE 9 – COMMITMENTS

Operating Leases

The Company currently leases three units in Oakville, Ontario, Canada. The first unit was leased on February 1, 2015. Monthly rent is $1,850 plus additional charges for utilities and other office expense. The second unit was leased on November 1, 2015. Monthly rent is $2,947 plus additional charges for utilities and other office expense. The third unit was leased on January 1, 2016. Monthly rent is $3,453 plus additional charges for utilities and other office expense. All lease agreements are on a month to month basis.

NOTE 10 – SUBSEQUENT EVENTS

In accordance with SFAS 165 (ASC 855-10) management has performed an evaluation of subsequent events through the date that the financial statements were available to be issued, March 10, 2016 and through the date of the filing, and has determined that it does not have any material subsequent events to disclose in these financial statements other than the following.

On February 1, 2016, the Board approved the issuance of 50,000,000 shares of common stock for the purchase of inventory.

ITEM 2: MANAGEMENT’S DISCUSSION AND ANALYSIS AND PLAN OF OPERATION

The following discussion of our financial condition and results of operations should be read in conjunction with the financial statements and related notes to the financial statements included elsewhere in this filing as well as with Management’s Discussion and Analysis or Plan of Operations contained in the Company’s Report on Form 10-K, for the year ended April 30, 2015, filed on August 13, 2015 with the Securities and Exchange Commission.

Forward Looking Statements

Statements made in this Form 10-Q that are not historical or current facts are "forward-looking statements" made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 (the "Act") and Section 21E of the Securities Exchange Act of 1934. These statements often can be identified by the use of terms such as "may," "will," "expect," "believe," "anticipate," "estimate," "approximate" or "continue," or the negative thereof. We intend that such forward-looking statements be subject to the safe harbors for such statements. We wish to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Any forward-looking statements represent management's best judgment as to what may occur in the future. However, forward-looking statements are subject to risks, uncertainties and important factors beyond our control that could cause actual results and events to differ materially from historical results of operations and events and those presently anticipated or projected. We disclaim any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statement or to reflect the occurrence of anticipated or unanticipated events.

Plan of Operations

Our business is advertising of products and services using SMS technology. We believe that traditional advertising has been undergoing a shift from being dominant; and mobile advertising is quickly becoming one of the most effective ways to reach target audiences anytime and anywhere.

We intend to offer the following services:

Mobile-friendly websites: A mobile optimized website is a website that is designed specifically for smartphones, not a desktop computer. This is important because the small screen is much different than a 17" screen. Mobile screen real estate is smaller and must be used much more strategically.

A mobile optimized website doesn't require that someone scroll left/right. It doesn't require that someone pinch and zoom to read text, either. On a mobile site, the navigation is built for efficiency, the images are optimized for quick loading and the content is minimized to be most effective. Additionally, mobile-only functionality includes tap-to-call, tap-to-email and tap for Google Maps functionality, that respectfully allows mobile site visitors to call, send an email or show business location on an integrated Google maps application with only one click, without need to punch numbers or letters one by one, making it much more efficient and useful for a mobile website visitor.

SMS text message marketing: Sending marketing offers through cellphones SMS (Short Message Service) that enable targeted marketing in the last minute. The Mobile Lads system relies on SMS technology with no real application needed in the mobile device. Only basic SMS support is required which is present in every mobile phone. From the users point of view the advertisement procedure starts when the user receives a Mobile Lads SMS ad with the advertised product, information and product identification code. The user then simply presents the product identification code at the register at the point of sale to receive mentioned discount or special offer.

QR (Quick Response) codes: A QR code (quick response code) is a type of 2D bar code that is used to provide easy access to information through a smartphone application that is designed to read that bar code working in conjunction with the phone's camera. The reader interprets the code, which typically contains a call to action such as an invitation to download a mobile application, a link to view a video or an SMS message inviting the viewer to respond to a poll. The phone's owner can choose to act upon the call to action or click cancel and ignore the invitation.

We are not involved in developing a web based management system for our operations. We intend to use third party applications for our needs. We signed a web based terms and services agreement with Twilio Inc., and would act as a reseller of Twilio Inc. services, (SMS messaging services). Twilio Inc. itself does not work with retail businesses. It works only with marketers/resellers, who buy their credits/SMS in bulk.

Results of Operations for the three months ended January 31, 2016 and 2015

We did not generate any revenues for the three months ended January 31, 2016 and 2015.

General and administrative expense increased $118,026 to $158,435 for the three months ended January 31, 2016 from $40,409 for the three months ended January 31, 2015. The increase in general and administrative expense is mainly attributed to an increase in rent, compensation and amortization expense.

Consulting expense increased $2,028,875 to $2,028,875 for the three months ended January 31, 2016 from $0 for the three months ended January 31, 2015. During the current period the company granted 21,100,000 shares of common stock and 1,000,000 shares of Preferred Series A stock for consulting services for total non-cash expense of $2,017,000 and $1,000, respectively.

Professional fees increased $8,604 to $17,800 for the three months ended January 31, 2016 from $9,196 for the three months ended January 31, 2015. Professional fees consist mostly of costs for accounting, audit and legal services. The increase is attributed to an increase in legal fees associated with SEC filings.

Our net loss for the three months ended January 31, 2016 was $2,210,173 compared to $49,605 for the three months ended January 31, 2015. The increase in net loss is a direct result of the stock issued for services and the increase in general and administrative expenses.

Results of Operations for the nine months ended January 31, 2016 and 2015

We did not generate any revenues for the nine months ended January 31, 2016 and 2015.

General and administrative expense decreased $42,708 to $258,697 for the nine months ended January 31, 2016 from $215,989 for the nine months ended January 31, 2015. In the prior period the Company incurred expense for adverting and marketing which it did not have again in the current period.

Consulting expense increased $2,762,643 to $2,762,643 for the nine months ended January 31, 2016 from $0 for the nine months ended January 31, 2015. During the current period the company granted 28,100,000 shares of common stock and 1,000,000 shares of Preferred Series A stock for consulting services for total non-cash expense of $2,717,000 and $1,000, respectively.

Professional fees increased $25,894 to $62,466 for the nine months ended January 31, 2016 from $36,572 for the nine months ended January 31, 2015. Professional fees consist mostly of costs for accounting, audit and legal services. The increase is attributed to an increase in legal fees associated with SEC filings.

Our net loss for the nine months ended January 31, 2016 was $3,088,869 compared to $252,561 for the nine months ended January 31, 2015. The increase in net loss is a direct result of the stock issued for services.

Liquidity and Capital Resources

Cash Flows from Operating Activities

We have not generated positive cash flows from operating activities. For the nine months ended January 31, 2016, net cash flows used in operating activities was $217,173 compared to $244,622 for the nine months ended January 31, 2015.

Cash Flows from Financing Activities

We have financed our operations primarily from either cash advances from officers, directors and other related parties or the issuance of equity. For the nine months ended January 31, 2016, cash flows from financing activities was $217,173 compared to $244,622 for the nine months ended January 31, 2015.

We expect that working capital requirements will continue to be funded through a combination of loans and further issuances of securities. Our working capital requirements are expected to increase in line with the growth of our business.

Additional cash advances and debt instruments, and anticipated cash flow are expected to be adequate to fund our operations over the next three months. We have no lines of credit or other bank financing arrangements. Generally, we have financed operations to date through the proceeds of the private placement of equity and debt instruments. In connection with our business plan, management anticipates additional increases in operating expenses and capital expenditures relating to: (i) acquisition of inventory; (ii) developmental expenses associated with a start-up business; and (iii) marketing expenses. We intend to finance these expenses with further issuances of securities, and debt issuances. Thereafter, we expect we will need to raise additional capital and generate revenues to meet long-term operating requirements. Additional issuances of equity or convertible debt securities will result in dilution to our current shareholders. Further, such securities might have rights, preferences or privileges senior to our common stock. Additional financing may not be available upon acceptable terms, or at all. If adequate funds are not available or are not available on acceptable terms, we may not be able to take advantage of prospective new business endeavors or opportunities, which could significantly and materially restrict our business operations. We will have to raise additional funds in the next twelve months in order to sustain and expand our operations. We currently do not have a specific plan of how we will obtain such funding; however, we anticipate that additional funding will be in the form of equity financing from the sale of our common stock. We have and will continue to seek to obtain short-term loans from our directors, although no future arrangement for additional loans has been made. We do not have any agreements with our directors concerning these loans. We do not have any arrangements in place for any future equity financing.

Off-Balance Sheet Arrangements

None

Going Concern

The accompanying financial statements are prepared using the generally accepted accounting principles applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. However, the Company has had no revenue as of January 31, 2016 and an accumulated deficit of $3,409,647. The Company currently has limited working capital, and has not completed its efforts to establish a stabilized source of revenues sufficient to cover operating costs over an extended period of time.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

Not applicable.

ITEM 4. CONTROLS AND PROCEDURES

Our management is responsible for establishing and maintaining a system of disclosure controls and procedures (as defined in Rule 13a-15(e) and 15d-15(e) under the Exchange Act) that is designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the Commission’s rules and forms. Disclosure controls and 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.

An evaluation was conducted under the supervision and with the participation of our management of the effectiveness of the design and operation of our disclosure controls and procedures as of January 31, 2016. Based on that evaluation, our management concluded that our disclosure controls and procedures were not effective as of such date to ensure that information required to be disclosed in the reports that we file or submit under the Exchange Act, is recorded, processed, summarized and reported within the time periods specified in SEC rules and forms. Such officer also confirmed that there was no change in our internal control over financial reporting during the nine-month period ended January 31, 2016 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

Management is not aware of any legal proceedings contemplated by any governmental authority or any other party involving us or our properties. As of the date of this Quarterly Report, no director, officer or affiliate is (i) a party adverse to us in any legal proceeding, or (ii) has an adverse interest to us in any legal proceedings. Management is not aware of any other legal proceedings pending or that have been threatened against us or our properties.

ITEM 1A. RISK FACTORS

A smaller reporting company is not required to include this item.

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

On January 19, 2016, the Company issued 14,000,000 shares of common stock to a director for services. The shares were valued at the closing price on the date of grant for total non-cash expense of $1,365,000.

On January 19, 2016, the Company issued 14,100,000 shares of common stock for services. The shares were valued at the closing price on the date of grant for total non-cash expense of $1,352,000.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None

ITEM 4. MINE SAFETY DISCLOSURES

Not applicable.

ITEM 5. OTHER INFORMATION

None

ITEM 6. EXHIBITS

Exhibit Number	Exhibit Description
31.1	Certification of the Chief Executive Officer Pursuant to Rule 13a-14 or 15d-14 of the Exchange Act pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
31.2	Certification of the Chief Financial Officer Pursuant to Rule 13a-14 or 15d-14 of the Exchange Act pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
32.1	Certification of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
32.2	Certification of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
EX-101.INS	XBRL Instance Document
EX-101.SCH	XBRL Taxonomy Extension Schema
EX-101.CAL	XBRL Taxonomy Extension Calculation Linkbase
EX-101.LAB	XBRL Taxonomy Extension Label Linkbase
EX-101.PRE	XBRL Taxonomy Extension Presentation Linkbase
EX-101.DEF	XBRL Taxonomy Extension Definition Linkbase

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Exchange Act, the Registrant has duly caused this Report to be signed on its behalf by the undersigned thereunto duly authorized.

	MOBILE LADS CORP.

	By: /s/ Michael Anthony Paul
Date: March 14, 2016	Michael Anthony Paul
	President, Chief Executive Officer,
	Director

Pursuant to the requirements of the Exchange Act this Report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

Signature	Title	Date

/s/ Michael Anthony Paul	President, Chief Executive	March 14, 2016
Michael Anthony Paul	Officer, Director

/s/ Alpha Pang	Chief Financial Officer, Director, Secretary, Treasurer	March 14, 2016
Alpha Pang	Chief Financial Officer, Director, Secretary, Treasurer

Mobile Lads Corp 10-Q