UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(MARK ONE)

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

For the quarterly period ended July 31, 2015

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

For the transition period from _____ to ____

Commission File No. 000-54298

eMONEco INC.

(Exact name of registrant as specified in its charter)

Nevada	80-0818756
(State or other jurisdiction of	(I.R.S. Employer
incorporation or organization)	Identification No.)

4901 W. 136th Street

Leawood, KS 66224

(Address of principal executive offices, zip code)

913-871-4336

(Registrant’s telephone number, including area code)

(Former name, former address and former fiscal year,

if changed since last report)

Indicate by check mark whether the issuer (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 x No o

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 No x

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

Large accelerated filer	o	Accelerated filer	o

Non-accelerated filer	o	Smaller reporting company	x
(Do not check if a smaller reporting company)

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

APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY

PROCEEDINGS DURING THE PRECEDING FIVE YEARS:

Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Sections 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court. Yes o No x

APPLICABLE ONLY TO CORPORATE ISSUERS

As of September 21, 2015, there were 61,662,500 shares of common stock, $0.001 par value per share, outstanding.

eMONEco, Inc.

QUARTERLY REPORT ON FORM 10-Q

FOR THE PERIOD ENDED JULY 31, 2015

INDEX

Index			Page

Part I.	Financial Information
	Item 1.	Financial Statements

		Balance Sheets as of July 31, 2015 and October 31, 2014 (unaudited).	4

		Statements of Operations for the three and nine months ended July 31, 2015 and 2014 (unaudited).	5

		Statements of Cash Flows for the nine months ended July 31, 2015 and 2014 (unaudited).	6

		Notes to Financial Statements (unaudited).	7-9

	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
	Item 1.	Legal Proceedings.	13

	Item 1A.	Risk Factors	13

	Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds.	13

	Item 3.	Defaults Upon Senior Securities.	13

	Item 4.	Mining Safety Disclosures.	13

	Item 5.	Other Information.	13

	Item 6.	Exhibits.	13

Signatures			14

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This Quarterly Report on Form 10-Q of eMONEco, Inc., a Nevada corporation (the “Company”), contains “forward-looking statements,” as defined in the United States Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terminology such as “may”, “will”, “should”, “could”, “expects”, “plans”, “intends”, “anticipates”, “believes”, “estimates”, “predicts”, “potential” or “continue” or the negative of such terms and other comparable terminology. These forward-looking statements include, without limitation, statements about our market opportunity, our strategies, competition, expected activities and expenditures as we pursue our business plan, and the adequacy of our available cash resources. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Actual results may differ materially from the predictions discussed in these forward-looking statements. The economic environment within which we operate could materially affect our actual results. Additional factors that could materially affect these forward-looking statements and/or predictions include, among other things,need for and ability to obtain additional financing, the possibility that the Company may not be able to successful launch its mobile banking operations, the exercise of an anticipated majority holding through our Preferred Series A shares controlled by the Company’s CEO holds of the Company’s voting securities, other factors over which we have little or no control; and other factors discussed in the Company’s filings with the Securities and Exchange Commission (“SEC”).

Our management has included projections and estimates in this Form 10-Q, which are based primarily on management’s experience in the industry, assessments of our results of operations, discussions and negotiations with third parties and a review of information filed by our competitors with the SEC or otherwise publicly available. We caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. We disclaim any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.

PART I – FINANCIAL INFORMATION


Item 1.	Financial Statements

eMONEco, Inc.
Balance Sheets (Unaudited)

	July 31, 2015			October 31, 2014

ASSETS

Current Assets
Cash and cash equivalents	$	2,802		$	15,078
Mobile Mone Reserve		10,000			10,000
Eagle ABA Program Reserve		5,000			5,000
Total current assets		17,802			30,078

TOTAL ASSETS	$	17,802		$	30,078

LIABILITIES & STOCKHOLDERS' DEFICIT

Current Liabilities
Accounts payable
Accounts payable and accrued expense	$	239,286		$	120,618
Accounts payable-related party		359,911			229,277
Total accounts payable		599,197			349,895

Other Current Liabilities
Advances from related parties		118,198			66,539
Convertible loans		188,200			188,200
Convertible note payable, net discount of $0 and $5,672 at July 31, 2015 and October 31, 2014, respectively		40,000			34,328
Derivative liability		29,980			45,254
Total Other Current Liabilities		376,378			334,321

Long Term Liabilities
Notes payable		125,000			125,000
Total Long Term Liabilities		125,000			125,000

Total Liabilities		1,100,575			809,216


Commitments

STOCKHOLDERS' DEFICIT
Preferred stock $0.001 par value, 10,000,000 shares authorized, 100 Series A designated and issued as of July 31, 2015 and 100 at October 31, 2014, respectively		1			1
Common stock $0.001 par value, 500,000,000 shares authorized, 61,662,500 shares issued and outstanding at July 31, 2015 and 132,513,329 at October 31, 2014		61,663			132,513
Additional paid-in capital		1,669,895			125,320
Accumulated deficit		(2,814,332	)		(1,036,972	)
TOTAL STOCKHOLDERS' DEFICIT		(1,082,773	)		(779,138	)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$	17,802		$	30,078

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

eMONEco, Inc.
Statements of Operations (Unaudited)

	Three Months Ended			Three Months Ended			Nine months Ended			Nine months Ended
	July 31, 2015			July 31, 2014			July 31, 2015			July 31, 2014

Operating Costs

General and Administrative	$	208,695		$	80,583		$	1,749,933		$	401,707
Total Operating Costs		(208,695	)		(80,583	)		(1,749,933	)		(401,707	)

Amortization expense		(503	)		(7,800	)		(5,672	)		(23,539	)
Interest expense		(12,523	)		(8,117	)		(37,031	)		(16,836	)
Derivative income (expense)		228			(20,450	)		15,276			(730	)
Net Loss	$	(221,493	)	$	(116,950	)	$	(1,777,360	)	$	(442,812	)

Net Loss per share basic and diluted	$	(0.00	)	$	(0.00	)	$	(0.03	)	$	(0.00	)

Weighted average number of common shares outstanding basic and diluted		61,662,500			262,513,329			65,912,905			254,576,821



The accompanying notes are an integral part of these financial statements

eMONEco, Inc.
Statements of Cash Flows (Unaudited)

	Nine months Ended			Nine months Ended
	July 31, 2015			July 31, 2014

CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$	(1,777,360	)	$	(442,812	)
Adjustments to reconcile net loss to net cash
used in operating activities:
Stock issued for services		1,473,724			108,334
Amortization of debt discount		5,672			23,539
Derivative income		(15,276	)		730
Changes in operating assets and liabilities:
Accounts payable and accrued expenses		118,671			82,007
Accounts payable-related party		130,634			53,400
Net cash used in operating activities		(63,935	)		(174,802	)

CASH FLOWS FROM INVESTING ACTIVITIES
Mobile Mone Reserve		-			(10,000	)
Net cash used in investing activities		-			(10,000	)

CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from related party advances		51,659			1,679
Repayments of related party advances		-			(5,000	)
Proceeds from issuance of convertible notes		-			188,200
Net cash provided by financing activities		51,659			184,879

Net change in cash and cash equivalents		(12,276	)		77

Cash and cash equivalents at beginning of period		15,078			565
Cash and cash equivalents at end of period	$	2,802		$	642
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Cash paid for :
Interest	$	-		$	-
Income Taxes	$	-		$	-

Non Cash Investing and Financing Activities:
Treasury stock retirement	$	79,833		$	-

The accompanying notes are an integral part of these financial statements

eMONEco, Inc.

Notes To The Financial Statements

July 31, 2015

(Unaudited)

1. NATURE OF OPERATIONS and BASIS OF PRESENTATION

eMONEco,Inc. (“The Company”) was incorporated in the State of Nevada on September 25, 2007 to engage in the acquisition, exploration and development of natural resource properties. The Company is in the development stage with no revenues and limited operating history.

On April 15, 2013, the Company entered into a Reorganization and Exclusive Sponsorship Licensing Agreement with JBD Consulting LLC and Mobile Mone, Inc. to provide mobile payments, remittance, banking and commerce services and has totally abandoned previous plans to exploit and develop natural resource properties.

On November 14, 2013, the Company filed a Certificate of Amendment to Articles of Incorporation with the State of Nevada, changing the name of the Corporation to “eMONEco, Inc.” from Mascot Ventures, Inc. This was effective November 25, 2013.

The accompanying unaudited interim financial statements of eMONEco, Inc. have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission (“SEC”) and should be read in conjunction with the audited financial statements and notes thereto contained in the Company’s Form 10-K annual report filed with the SEC. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein. The results of operations for our interim periods are not necessarily indicative of the results to be expected for the full year. Notes to the financial statements that would substantially duplicate the disclosure contained in the audited financial statements for fiscal 2014 as reported, have been omitted.

These financial statements have been prepared on a going concern basis which assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. The Company anticipates future losses in the development of its business raising substantial doubt about the Company’s ability to continue as a going concern. The ability to continue as a going concern is dependent upon the Company generating profitable operations in the future and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management intends to finance operating costs over the next twelve months with existing cash on hand, loans from directors or third parties and/or the issuance of common shares.

Development Stage Company

The Company is a development stage company as defined under the then current Financial Accounting Standards Board (“FASB) Accounting Standard Codification (“ASC”) 915-205 “Development-Stage Entities” and among the additional disclosures required as a development stage company are that the financial statements were identified as those of a development stage company and that the statement of operations, stockholder’s deficit and cash flows disclosed activity since the date of our inception (September 25, 2007) as a development stage company. Effective June 10, 2014, FASB changed its regulations with respect to Development Stage Entities and these additional disclosures are no longer required for annual reporting periods beginning after December 15, 2014 with the option for entities to early adopt these new provisions. The Company has elected to early adopt these provisions and consequently these additional disclosures are not included in these financial statements.

2. RELATED PARTY TRANSACTIONS

During the nine month period ended July 31, 2015 and 2014, the Company incurred $91,000 and $111,500 respectively, in consulting fees to JBD Consulting, which is owned by the CEO of this Company. Effective April 2013, the Company agreed to pay JBD Consulting LLC $10,000 per month for consulting services. Accounts payable-related party are the fees earned but not yet paid of $254,202 and $179,202 at July 31, 2015 and October 31, 2014 respectively.

During the nine month period ended July 31, 2015 and 2014, the Company incurred $33,134 and $33,075 respectively, in consulting fees to Whale Tail Enterprises LLC, which is owned by the COO of the Company. Effective April 2013, the Company agreed to pay Whale Tail Enterprises LLC $3,000 per month for consulting services. Included in accounts payable-related parties are the fees earned but not paid of $73,209 and $40,075 at July 31, 2015 and October 31, 2014 respectively.

During the nine month period ended July 31, 2015 and 2014, the Company incurred $22,500 and $10,000 respectively in management fees by the CEO. The Company agreed to pay its CEO $2,500 per month for management services. Included in the accounts payable- related parties are the fees earned but not yet paid of $32,500 and $10,000 at July 31, 2015 and October 31, 2014 respectively.

During the nine month period ended July 31, 2015 and 2014, the Company received $51,659 and $1,679 respectively in an advance from a related party. As of July 31, 2015 and October 31, 2014, the advances from the majority shareholder and related party totaled $118,198 and $ 66,539. These were made in order to assist in meeting general and administrative expenses. They carry no interest or maturity date, are unsecured and due upon demand.

eMONEco, Inc.

Notes To The Financial Statements

July 31, 2015

(Unaudited)

3. CONVERTIBLE NOTES PAYABLE

On July 22, 2013, the Company issued a Convertible Note (the “Note”) to Aldebourne, Ltd. (the Note holder) in connection with a $40,000 working capital loan to the Company. The terms and conditions of such Note allow for the prepayment of principle and accrued interest upon three (3) days’ written notice to the holder. The Company may pay 150% of the entire outstanding principal amount of the Note plus any accrued or unpaid interest. The Note holder retains the right to convert at any time, outstanding balance and accrued interest into shares of the Company’s common stock at a conversion price equal to 70% of the average lowest trading price for the five days prior to the conversion date. The Company recorded a discount of $40,000 related to the derivative liability at inception and a derivative expense of $14,795 at inception. The Company recorded amortization of $5,672 related to the discount during the nine month period ended July 31, 2015. The Company recorded a derivative liability of $29,980 and derivative income of $15,276 for the period ended July 31, 2015.The interest rate is 14% per annum and the maturity date was July 21, 2015.The total accrued interest as of July 31, 2015 is $11,336. The “Note” has been extended to mature on July 21, 2016.

On November 12, 2013, the Company issued a Convertible Note (the “Note”) to Aldebourne, Ltd. in connection with a $50,000 working capital loan to the Company. The Note matured on November 12, 2014 and carries an interest rate of 14% per annum, which will accrue and become due and payable with the principle. If either party decides to convert the Note and all accrued interest at the maturity date or before, into common stock at a par value of $0.001 then the conversion rate will be $0.25 per share. The “Note” has been extended to mature on November 12, 2015.

On December 10, 2013, the Company issued a Convertible Promissory Note (the “Note”) to Pro Players LLC in connection with a $10,000 working capital loan to the Company. The Note matured on December 10, 2014 and carries an interest rate of 14% which will accrue and become due and payable with the principle. If either party decides to convert the Note and all accrued interest at the maturity date or before into common stock at a par value of $0.001, then the conversion rate will be $0.25 per share. On March 11, 2015, the Loan was extended to mature on March 11, 2016.

On December 13, 2013, the Company issued a Convertible Promissory Note (the “Note”) to Pro Players LLC in connection with a $10,000 working capital loan to the Company. The Note matured on December 13, 2014 and carries an interest rate of 14% which will accrue and become due and payable with the principle. If either party decides to convert the Note and all accrued interest at the maturity date or before into common stock at a par value of $0.001, then the conversion rate will be $0.25 per share. On March 11, 2015, the “Note” was extended to mature on March 11, 2016.

On March 25, 2014, the Company issued a Convertible Promissory Note (the “Note”) to Aldebourne Ltd. in connection with a $118,200 working capital loan to the Company. The Note matured on March 25, 2015 and carries an interest rate of 14% which will accrue and become due and payable with the principle. If either party decides to convert the Note and all accrued interest at the maturity date or before into common stock at a par value of $0.001, then the conversion rate will be $0.25 per share The “Note” has been extended to mature on March 25, 2016.

4. NOTES PAYABLE-RELATED PARTY

On September 23, 2014, the Company issued a Promissory Note (the “Note”) to JBD Consulting LLC in connection with a $75,000 working capital loan to the Company. The Note matures on September 23, 2017 and carries an interest rate of 14% which will accrue and become due and payable with the principal.

On October 17, 2014, the Company issued a Promissory Note (the”Note”) to JBD Consulting LLC in connection with a $50,000 working capital loan to the Company. The Note matures on October 17, 2017 and carries an interest rate of 14% which will accrue and become due and payable with the principal.

eMONEco, Inc.

Notes To The Financial Statements

July 31, 2015

(Unaudited)

5. STOCKHOLDER’S DEFICIT

Preferred Stock

In their entirety, the Series A Preferred Shares, par value $0.001 per share, shall have the voting rights, at all times equal to 51% of the then voting rights of the Company. Each Preferred Share shall individually maintain voting rights equal to its pro rata allocation of the entirety of the Series, or 51%. Each share shall be convertible at an equal rate to voting rights. Any conversion of one or more Preferred Shares shall thereafter reduce the voting rights of the Series by the same.

Common Stock

On December 24, 2014, JBD Consulting LLC returned to the Company 79,833,329 shares of common stock which have been placed in treasury retaining a balance of 28,500,000 shares of common stock.

On April 17, 2015, the Company authorized and issued 8,982,500 shares of common stock to 18 individuals and 2 entities for consulting services rendered to the Company. The fair value of the shares on the date of issuance was $1,347,375.

On April 17, 2015, the Company granted stock options to purchase 2,367,500 shares of common stock at an exercise price of $0.15 per share to 12 individuals pursuant to their employment agreements. These options are exercisable over a period of ten years and vest in equal monthly installments during the five year employment terms. The Black-Scholes pricing model was used to estimate the fair value of the 2,367,500 options issued during the period, using the assumption of a risk free interest rate of 1.99%, dividend yield of 0%, volatility of 458% and an expected life of 10 years. We have determined these options to have an approximate fair value of $2,343,825. Since the stock option awards vests over a 5 year period, the Company is expensing a total of approximately $39,064 monthly, beginning in May 2015, for these awards over the 5 year vesting period in accordance with FASB ASC718. A total of $126,349 was expensed for the nine month period ended July 31, 2015 as stock based compensation.

On July 31, 2015, there are a total of 500,000,000 common shares and 10,000,000 preferred shares authorized, of which 61,662,500 shares of common and 100 shares of preferred stock are issued and outstanding.

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.

The following information should be read in conjunction with (i) the financial statements of eMONEco, Inc., a Nevada corporation, and the notes thereto appearing elsewhere in this Form 10-Q together with (ii) the more detailed business information and the October 31, 2014 audited financial statements and related notes included in the Company’s Annual Report on Form 10-K (File No. 000-54298), as filed with the Securities and Exchange Commission on February 13, 2015. Statements in this section and elsewhere in this Form 10-Q that are not statements of historical or current fact constitute “forward-looking” statements.

OVERVIEW

eMONEco,Inc. (“the Company”) was incorporated in the State of Nevada on September 25, 2007 to engage in the acquisition, exploration and development of natural resource properties. The Company is in the development stage with no revenues and limited operating history.

Going Concern

To date, although the Company has significant operations in the development of its mobile banking product, the Company has no revenues and consequently has incurred recurring losses from operations. No revenues are anticipated until we complete the financing we endeavor to obtain, as described in our Annual Report on Form 10-K (File No. 000-54298), as filed with the Securities and Exchange Commission on February 13, 2015, and implement our initial business plan. The ability of the Company to continue as a going concern is dependent on raising capital to fund our business plan and ultimately to attain profitable operations. Accordingly, these factors raise substantial doubt as to the Company’s ability to continue as a going concern.

Our activities have been financed from the proceeds of share subscriptions, loans from related parties, and loans from shareholders. From our inception to July 31, 2015, we have raised a total of $50,500 from private offerings of our common stock and received net proceeds of $241,565 in loans and advances from a shareholder.

The Company plans to raise additional funds through debt or equity offerings. There is no guarantee that the Company will be able to raise any capital through this or any other offerings.

CRITICAL ACCOUNTING POLICIES

The discussion and analysis of our financial condition and results of operations are based on our financial statements, which have been prepared in accordance with accounting principles generally accepted in the United States (“US GAAP”). The preparation of these financial statements requires us to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosure of contingent assets and liabilities. On an ongoing basis, we evaluate our estimates based on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions. We have identified the policies below as critical to our business operations and to the understanding of our financial results:

Basis of Presentation

The Company reports revenues and expenses using the accrual method of accounting in accordance with accounting principles generally accepted in the United States (“US GAAP”) for financial and tax reporting purposes.

Cash and Cash Equivalent

The Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents.

Foreign Currency Translation

The financial statements are presented in United States dollars. In accordance with Accounting Standards Codification “ASC 830”, “Foreign Currency Matters”, foreign denominated monetary assets and liabilities are translated to their United States dollar equivalents using foreign exchange rates which prevailed at the balance sheet date. Non-monetary assets and liabilities are translated at exchange rates prevailing at the transaction date. Revenue and expenses are translated at average rates of exchange during the periods presented. Related translation adjustments are reported as a separate component of stockholders’ equity (deficit), whereas gains or losses resulting from foreign currency transactions are included in results of operations.

Basic and Diluted Net Loss Per Share

Basic loss per share includes no dilution and is computed by dividing loss available to common stockholders by the weighted average number of common shares outstanding for the period. Dilutive loss per share reflects the potential dilution of securities that could share in the losses of the Company.

Because the Company does not have any potentially dilutive securities, the accompanying presentation is only of basic loss per share.

PLAN OF OPERATION

As of April 15, 2013, when the Company entered into a Reorganization and Exclusive Sponsorship Licensing Agreement with JBD Consulting LLC and Mobile Mone, Inc. (the “Licensing Agreement”), as detailed in the Form 8-K filed on April 17, 2013, we have abandoned previous plans to exploration of our mineral rights claims. Pursuant to the Licensing Agreement, we intend to begin operations as an exclusive provider of mobile payments, remittance, banking, and commerce services under the license of JBD Consulting LLC. The Mobile Mone product allows participants to utilize mobile telephone technology to transfer and exchange money via any Internet connected device, standard phone line, email, or SMS text messaging system. Our revenues will be derived on a commission basis duly scheduled in the Licensing Agreement.

On April 4, 2014, pursuant to the Reorganization and Exclusive Sponsorship Licensing Agreement, the Company issued 100 shares of Series A Preferred Shares to JBD Consulting, LLC. As a result, the transaction was closed and JBD Consulting, LLC became the controlling person of the Company.

Over the next twelve months we intend to build our operations and staff to implement our long term goals. As we have failed to secure financing to implement our full operations, little has changed since our last quarterly report beyond expenses, product development and implementation activities. We are currently engaging key personnel in compliance, marketing and software development. We are now staffing our sales team with National, Regional, and Local sales representatives as well as support staff and territorially based strategic product distribution partners.

The Company has completed design of marketing materials, training programs and distributor support programs, and has launched its corporate website, mobile monē site, and support portal. The Company’s initial sales staff has completed training and is currently engaged and as a result, the Company anticipates generating sales revenues by the middle of the fourth quarter of this year.

On March 18, 2015, eMONEco, Inc. (the “Company”) entered into an Exclusive Sponsorship – Marketing/Business Development Agreement for the Continent of Africa (the “Agreement”) with Global Green International Holdings (“Global”). Pursuant to the Agreement, the Company agrees to provide Global with certain training and technical support relating to the Company’s mobile banking platform. Additionally, the Company will provide Global with ongoing marketing and sales services for the Company’s mobile banking platform for the duration of the term of the Agreement. The initial term of the Agreement is for seven years and will renew for successive one year periods unless either party notifies the other party in writing thirty days before the term’s expiration of intention not to renew. Global will receive a commission based on the users it enrolls in the mobile banking platform and their usage of said platform. For the Agreement to remain in effect after the first year, Global must have 55,000 active mobile banking accountholders at all times. In exchange for the Company’s services, Global is required to pay $5 million to the Company in three separate installments, $1.5 million of which is due upon the execution of the Agreement. As of the date of this filing, Global has made no payments toward the installments but has assured the Company that we will see funding by the end of the third quarter. We will continue to keep the shareholders abreast of developments.

The Company is working to complete entering an agreement with an international processor and EMV card printer. The Company expects to have both completed in the 4th quarter of the calendar year and available for market use the 1st quarter of the new calendar year.

Results of Operations

The three and nine months ended July 31, 2015 and 2014.

We recorded no revenues for the three and nine months ended July 31, 2015 and 2014.

For the three months ended July 31, 2015, general and administrative expenses were $208,695, interest expense was $12,523, amortization expense was $503, and derivative income was $228. For the three months ended July 31, 2014, general and administrative expenses were $80,583, interest expense was $8,117, amortization expense was $7,800 and derivative expense was $20,450. Operating expenses, consisting solely of general and administrative expenses in the fiscal quarter ended July 31, 2015, consisted primarily of stock issuances for services, management fees, rent, filing fees, share transfer fees, accounting fees, consulting fees and service providers for marketing and software development.

For the nine months ended July 31, 2015, general and administrative expenses were $1,749,933 interest expense was $37,031, amortization expense was $5,672, and derivative income was $15,276. For the nine months ended July 31, 2014, general and administrative expenses were $401,707, interest expense was $16,836, amortization expense was $23,539 and derivative expense was $730. Operating expenses, consisting solely of general and administrative expenses in the fiscal quarter ended July 31, 2015, consisted primarily of stock issuances for services, management fees, rent, filing fees, share transfer fees, accounting fees, consulting fees and service providers for marketing and software development.

Liquidity and Capital Resources

At July 31, 2015, we had a cash balance of $2,802. We do not have sufficient cash on hand to commence building our sales staff or to fund our ongoing operational expenses beyond 12 months. However, this pressure can be offset by pending opportunities that the company can benefit from, once its official flagship service is activated; otherwise, we will need to raise funds to commence our sales program and fund our ongoing operational expenses. Additional funding will likely come from equity financing from the sale of our common stock or sale of part of our interest in our mineral claims. If we are successful in completing an equity financing, existing shareholders will experience dilution of their interest in our Company. We do not have any financing arranged and we cannot provide investors with any assurance that we will be able to raise sufficient funding from the sale of our common stock to fund our exploration activities and ongoing operational expenses. In the absence of such financing, or the completion of our service launch, our business will likely fail. There are no assurances that we will be able to achieve further sales of our common stock or any other form of additional financing. If we are unable to achieve the financing necessary to continue our plan of operations, then we will not be able to build our sales platform and continue to develop the software and our business will fail.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

As a smaller reporting company (as defined in Rule 12b-2 of the Exchange Act), we are not required to provide the information called for by this Item 3.

ITEM 4. CONTROLS AND PROCEDURES.

DISCLOSURE CONTROLS AND PROCEDURES

Under the supervision and with the participation of our management, our principal executive officer and our principal financial officer are responsible for conducting an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures, as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as of the end of the period covered by this report. Disclosure controls and procedures means that the material information required to be included in our Securities and Exchange Commission reports is recorded, processed, summarized and reported within the time periods specified in SEC rules and forms relating to our company, including any consolidating subsidiaries, and was made known to us by others within those entities, particularly during the period when this report was being prepared. Based on this evaluation, our principal executive officer and principal financial officer concluded as of the evaluation date that our disclosure controls and procedures were not effective as of July 31, 2015. The material weakness identified is that we did not maintain sufficient personnel with an appropriate level of technical accounting knowledge, experience, and training in the application of GAAP commensurate with our complexity and our financial accounting and reporting requirements and we do not have a proper segregation of duties in certain areas of our financial reporting process.

There were no changes in the Company’s internal controls over financial reporting during the most recently completed fiscal quarter that have materially affected or are reasonably likely to materially affect the Company’s internal control over financial reporting.

PART II. OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS.

The Company is not currently subject to any legal proceedings. From time to time, the Company may become subject to litigation or proceedings in connection with its business, as either a plaintiff or defendant. There are no such pending legal proceedings to which the Company is a party that, in the opinion of management, is likely to have a material adverse effect on the Company’s business, financial condition or results of operations.

ITEM 1A. RISK FACTORS

As a smaller reporting company (as defined in Rule 12b-2 of the Exchange Act), we are not required to provide the information called for by this Item 1A.

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

None.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES.

None.

ITEM 4. MINING SAFETY DISCLOSURES.

None.

ITEM 5. OTHER INFORMATION.

None.

ITEM 6. EXHIBITS.

(a) Exhibits required by Item 601 of Regulation SK.

Number		Description
3.1		Articles of Incorporation*
3.2		Bylaws*
31.1		Certification of Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
31.2		Certification of Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32.1		Certification of Principal Executive Officer and Principal Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

*Filed and incorporated by reference to the Company’s Registration Statement on Form S-1, as amended (File No. 333-164845), as filed with the Securities and Exchange Commission on February 2, 2010.

SIGNATURES

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

	eMONEco, Inc.
	(Name of Registrant)

Date: September 21, 2015	By:	/s/ Don Latson
		Name: Don Latson
		Title: President and Chief Executive Officer, principal accounting officer and principal financial officer

Emoneco, Inc. 10-Q