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 ~~June~~September 30, 2015

☐ 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~~001-55180

JISHANYE, INC.

(Exact name of registrant as specified in its charter)

Delaware		46-1992903
(State or other jurisdiction of incorporation or organization)		(IRS Employer Identification No.)

7F., No.247, Minsheng 1st Rd.

Xinxing Dist., Kaohsiung City 800

Taiwan Republic of China

(Address of principal executive offices)

+886 7222 3733

(Registrant'’s telephone number, including area code)

Copies to:

Asher S. Levitsky P.C.

Ellenoff Grossman & Schole LLP

1345 Avenue of the Americas; Suite 1100

~~Phone~~New ~~(212)~~York, ~~370~~New York 10105-~~1300~~0302

~~Fax:~~Check whether the issuer (~~646~~1) ~~895~~has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the preceding 12 months (or for such shorter period that the issuer 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 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-~~7182~~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 ☒ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company filer. See definition of “accelerated filer” and “large accelerated filer” in Rule 12b-2 of the Exchange Act (Check one): Large Accelerated Filer ☐ Non-Accelerated Filer ☐ Accelerated Filer ☐ Smaller Reporting Company ☒ Indicate by check mark whether the registrant is a shell company as defined in Rule 12b-2 of the Exchange Act. Yes ☐ No ☒ As of November 16, 2015, there were 60,300,001 shares of common stock outstanding.

E-mail: alevitsky@egsllp.com

Check whether the issuer (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the preceding 12 months (or for such shorter period that the issuer 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 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 ☒ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company filer. See definition of "accelerated filer" and "large accelerated filer" in Rule 12b-2 of the Exchange Act (Check one):

Large Accelerated Filer ☐ Non-Accelerated Filer ☐ Accelerated Filer ☐ Smaller Reporting Company ☒

Indicate by check mark whether the registrant is a shell company as defined in Rule 12b-2 of the Exchange Act. Yes ¨ No ☒

As of September 25, 2015, there are a total of 60,300,001 shares of common stock issued and outstanding.

TABLE OF CONTENTS

		Page No.
PART I. - FINANCIAL INFORMATION		Page No.
PART I. - FINANCIAL INFORMATION
Item 1.	Financial Statements	4
	Unaudited Consolidated Balance Sheets as of June 30, 2015 and December 31, 2014	4
	Condensed Consolidated Balance Sheets as of September 30, 2015 (unaudited) and December 31, 2014	4
	Unaudited Consolidated Statements of Operations and Comprehensive (Loss) Income for the three and six months ended June 30, 2015 and 2014	5
	Unaudited Condensed Consolidated Statements of Operations and Comprehensive (Loss) for the three and nine months ended September 30, 2015 and 2014	5
	Unaudited Consolidated Statements of Cash Flows for the six months ended June 30, 2015 and 2014	6
	Unaudited Condensed Consolidated Statements of Cash Flows for the nine months ended September 30, 2015 and 2014	6
	Notes to Unaudited Consolidated Financial Statements.	7
	Notes to Unaudited Condensed Consolidated Financial Statements.	7
Item 2.	Management's Discussion and Analysis of Financial Condition and Results of Operations.	1112
Item 3	Quantitative and Qualitative Disclosures About Market Risk.	1314
Item 4	Controls and Procedures.	1314
PART II - OTHER INFORMATION		14
Item 6	Exhibits	15
Signatures		16

Item 6	Exhibits	14
Signatures		15

Table of Contents

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

This report contains forward-looking statements regarding our business, financial condition, results of operations and prospects. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates" and similar expressions or variations of such words are intended to identify forward-looking statements, but are not deemed to represent an all-inclusive means of identifying forward-looking statements as denoted in this report. Additionally, statements concerning future matters are forward-looking statements.

Although forward-looking statements in this report reflect the good faith judgment of our management, such statements can only be based on facts and factors currently known by us. Consequently, forward-looking statements are inherently subject to risks and uncertainties and actual results and outcomes may differ materially from the results and outcomes discussed in or anticipated by the forward-looking statements. Factors that could cause or contribute to such differences in results and outcomes include, without limitation, those specifically addressed under the headings "Risks Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our annual report on Form 10-K for the year ended December 31, 2014 and in "Management's Discussion and Analysis of Financial Condition and Results of Operations" in this Form 10-Q and information contained in other reports that we file with the SEC. You are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this report.

We file reports with the SEC. The SEC maintains a website (www.sec.gov) that contains reports, proxy and information statements, and other information regarding issuers that file electronically with the SEC, including us. You can also read and copy any materials we file with the SEC at the SEC's Public Reference Room at 100 F Street, NE, Washington, DC 20549. You can obtain additional information about the operation of the Public Reference Room by calling the SEC at 1-800-SEC-0330.

We undertake no obligation to revise or update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this report, except as required by law. Readers are urged to carefully review and consider the various disclosures made throughout the entirety of this quarterly report, which are designed to advise interested parties of the risks and factors that may affect our business, financial condition, results of operations and prospects.

OTHER PERTINENT INFORMATION

References in this report to "we," "us," "our" and the "Company" and words of like import refer to Jishanye, Inc., and its subsidiary.

References to Taiwan refer to Taiwan, Republic of China.

Our business is conducted in Taiwan using New Taiwanese Dollars ("NTD"), the currency of Taiwan, and our financial statements are presented in United States dollars. In We ~~this~~present ~~report, we refer to~~ assets, obligations, commitments and liabilities in our financial statements in U.S. dollars. These ~~dollar~~dollars references are based on the exchange rate of NTD to U.S. dollars, determined as of a specific date. Changes in the exchange rate will affect the amount of our obligations and the value of our assets in terms of U.S. dollars which may result in an increase or decrease in the amount of our assets and liabilities expressed in U.S. dollars.

Table of Contents

PART I. FINANCIAL INFORMATION

ITEM	1. FINANCIAL STATEMENTS

Jishanye, Inc.

Condensed Consolidated Balance Sheets

(unaudited)

	September 30, 2015			December 31, 2014
Assets	(Unaudited)
Current assets:
Cash and cash equivalents	$	1,016,972		$	12,387
Accounts receivable		1,267			-
Notes receivable		5,074			-
Inventories		1,512			-
Prepaid expenses and other current assets		2,666			1,664
Assets of discontinued operations		-			870
Total current assets		1,027,491			14,921

Rental deposits		9,664			-
Total assets	$	1,037,155		$	14,921

Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$	21,961		$	-
Accrued expense and other payables		211,880			108,237
Short-term debt - related parties		197,820			158,938
Deferred income		2,905			-
Liabilities of discontinued operations		-			6,462
Total liabilities		434,566			273,637

Commitments and contingencies

Stockholders' equity (deficit):
Common stock, $0.0001 par value; 100,000,000 shares authorized, 60,300,001 and 12,500,001 shares issued and outstanding as of September 30, 2015 and December 31, 2014, respectively		6,030			1,250
Additional paid-in capital		1,092,990			98,750
Accumulated other comprehensive income (loss)		4,129			(25	)
Accumulated deficit		(500,560	)		(358,691	)
Total stockholders' equity (deficit)		602,589			(258,716	)

Total liabilities and stockholders' equity	$	1,037,155		$	14,921

	June 30, 2015			December 31, 2014
Assets
Current assets:
Cash and cash equivalents	$	1,032,070		$	12,387
Inventories		895			870
Prepaid expenses		2,048			1,664
Total assets	$	1,035,013		$	14,921
Liabilities and Stockholders' Equity (Deficit)
Current liabilities:
Accounts payable and accrued expense	$	149,310		$	113,598
Accrued expenses - related party		1,133			1,101
Short-term debt - related parties		201,290			158,938
Total liabilities		351,733			273,637
Stockholders' equity (deficit):
Common stock, $0.0001 par value; 100,000,000 shares authorized, 60,300,001 and 12,500,001 shares issued and outstanding as of June 30, 2015 and December 31, 2014, respectively		6,030			1,250
Additional paid-in capital		1,092,990			98,750
Accumulated other comprehensive income (loss)		60			(25	)
Accumulated deficit		(415,800	)		(358,691	)
Total stockholders' equity (deficit)		683,280			(258,716	)
Total liabilities and stockholders' equity	$	1,035,013		$	14,921

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

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

Table of Contents

Jishanye, Inc.

Condensed Consolidated Statements of Operations and Comprehensive (Loss) ~~Income~~

(Unaudited)

	Three Months Ended June 30,						Six Months Ended June 30,
	Three Months Ended September 30,						Nine Months Ended September 30,
	2015			2014			2015			2014
Revenues	$	-99,581		$	~~17,785~~-		$	-99,581		$	1716,~~785~~600
Cost of revenues		-87,670			~~656~~-			-87,670			~~656~~-
Gross profit		-11,911			~~17,129~~-			-11,911			1716,~~129~~600
Operating Expenses:
General and administrative		1896,~~388~~800			1127,~~422~~498			57153,~~125~~925			2581,~~523~~092
Total operating expense		1896,~~388~~800			1127,~~422~~498			57153,~~125~~925			2581,~~523~~092
(Loss) income from operations		(18,388	)		5,707			(57,125	)		(8,394	)
Loss from operations		(84,889	)		(27,498	)		(142,014	)		(64,492	)
Other income (expense):
Interest income		165			-			165			-
Other income		-124			~~107~~-			-140			107
Loss from sale of property and equipment		-			-			-			(1,~~556~~551	)
Total other income (expense)		16129			~~107~~-			16145			(1,~~449~~444	)
Net (loss) income		(18,372	)		5,814			(57,109	)		(9,843	)
Loss before tax and discontinued operation		(84,760	)		(27,498	)		(141,869	)		(65,936	)
Other comprehensive income
Income taxes		-			-			-			-
Foreign currency translation income		176			578			85			102
Loss from continuing operations, net of taxes		(84,760	)		(27,498	)		(141,869	)		(65,936	)
Total comprehensive (loss) income	$	(18,196	)	$	6,392		$	(57,024	)		(9,741	)
Loss from discontinued operations, net of taxes		-			(6,346	)		-			(22,151	)
Net loss		(84,760	)		(33,844	)		(141,869	)		(88,087	)
Other comprehensive income (loss)
Foreign currency translation gain (loss)		4,069			(483	)		4,154			(386	)
Total comprehensive loss	$	(80,691	)	$	(34,327	)	$	(137,715	)	$	(88,473	)
Weighted average number of shares outstanding:
Basic and diluted		2360,~~653~~300,~~334~~001			12,500,001			1832,~~045~~285,~~857~~349			12,500,001
(Loss) income per share of common stock:
Loss per share: Basic and diluted
Basic and diluted	$	(0.00	)	$	0.00		$	(0.00	)		(0.00	)
From continuing operations	$	(0.00	)	$	(0.00	)	$	(0.00	)	$	(0.01	)
From discontinued operations		(0.00	)		(0.00	)		(0.00	)		(0.00	)
Basic and diluted		(0.00	)		(0.00	)		(0.00	)		(0.01	)

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

Table of Contents

Jishanye, Inc.

Condensed Consolidated Statements of Cash Flows

(Unaudited)

	Six Months Ended June 30,
	Nine Months Ended September 30,
	2015			2014
Cash flows from operating activities:
Cash flows from operating activities
Net loss	$	(57141,~~109~~869	)	$	(988,~~843~~087	)
Loss from discontinued operations		-			22,151
Adjustments to reconcile net loss to net cash used in operating activities
Depreciation expense		-			494
Depreciation		-			493
Loss from sale of property and equipment		-			1,~~556~~551
Changes in operating assets and liabilities
Accounts receivable		-(1,327	)		~~(17,127~~-	)
Other receivables		-			7,611
Notes receivable		(5,317	)		-
Inventories		(41,584	)		~~(926~~-	)
Prepaid expenses		(340	)		(1,508	)
Prepaid expenses and other current assets		(11,251	)		6,082
Accounts payable and accrued expense		35,534			1,454
Accounts payable		23,014			-
Accrued expense - related party		5			-
Accrued expense and other payables		99,044			66,713
Net cash used in operating activities		(21,914	)		(18,289	)
Accrued expense - related party		632			573
Cash flows from investing activities:
Deferred income		3,044			-
Proceeds from sale of property and equipment		-			28,327
Net cash (used in) provided by continuing operations		(35,614	)		9,476
Net cash provided by investing activities		-			28,327
Net cash provided by (used in) discontinued operations		873			(21,931	)
Cash flows from financing activities:
Net cash used in operating activities		(34,741	)		(12,455	)
Cash flows from investing activities
Proceeds from sale of property and equipment		-			29,673
Net cash provided by investing activities		-			29,673
Cash flows from financing activities
Proceeds from issuance of common stock		999,020			-
Proceeds from short-term debt from related parties		42,080			-
Proceeds from short-term debt - related party		41,165			-
Net cash provided by financing activities		1,~~041~~040,~~100~~185			-
Effect of exchange rate change on cash and cash equivalents		497			368
Effect of foreign exchange translation on cash and cash equivalents		(859	)		(1,454	)
Net increase in cash		1,~~019~~004,~~683~~585			1015,~~406~~764
Cash and cash equivalents, beginning of period		12,387			4,184
Cash and cash equivalents, end of period	$	1,~~032~~016,~~070~~972		$	1419,~~590~~948
Supplemental disclosure of cash flows information:
Interest paid	$	-		$	-
Income taxes paid	$	-		$	-

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

Jishanye, Inc.

Notes to ~~Unaudited~~Condensed Consolidated Financial Statements

AsFor ~~of and for~~ the three and ~~six~~nine months ended ~~June~~September 30, 2015 and 2014 (unaudited)

Note 1 - Organization and Basis of Presentation

Jishanye, Inc. ("Jishanye" or the "Company") is a Delaware corporation incorporated on April 12, 2012 under the name of Yambear Bio-tech, Inc." The Company's changed its corporate name ~~was changed~~ to Jishanye, Inc. on October 25, 2013. The Company ~~has~~established ~~one~~a wholly-owned subsidiary, Jishanye (Taiwan), Inc. ("Jishanye Taiwan"), a Taiwanese limited liability company, ~~which is wholly owned by the Company. . Jishanye Taiwan was established~~ on August 17, 2012. ~~The Company's operations are conducted through Jishanye Taiwan.~~

The Company, through its subsidiary, was engaged in selling enzymes products to public consumers in Taiwan through June 2014. Since June 2014, the Company switched its business focus from selling enzyme products to devoting its effort to engage in the funeral management services, initially in Taiwan. The ~~funeral~~Company ~~management~~is ~~services~~currently ~~business~~engaged in ~~Taiwan~~one isbusiness ~~different~~segment ~~from~~– ~~the~~ funeral ~~business~~management inservices. The ~~the~~funeral ~~United~~management ~~States,~~services ~~and~~business in Taiwan involves offering a range of services to grieving families, which include providing a place for mourners to visit, maintaining the body during the mourning period in a manner consistent with both religious and cultural practices and health and safety regulations, and providing burial and, more frequently, cremation, ~~which,~~ because of the scarcity of land in Taiwan~~, is preferred to burial~~. In addition, funeral management services including providing the necessary setting and personnel to meet the grieving family's religious and cultural preferences.

Note 2 - Summary of Significant Accounting Policies

Basis of Presentation

The accompanying interim unaudited condensed consolidated financial statements and related notes have been prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP") for interim financial information, and in accordance with the rules and regulations of the United States Securities and Exchange Commission (the "SEC") with respect to Form 10-Q ~~and Form 10-K~~. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. The ~~interim~~ unaudited condensed consolidated financial statements furnished reflect all adjustments (consisting of normal recurring adjustments) which are, in the opinion of management, necessary to present fairly the financial position as of ~~June~~September 30, 2015 and the results of operations and cash flows for the periods ended ~~June~~September 30, 2015 and 2014. The interim financial data and other information ~~disclosed in these notes to the interim financial statements~~ related to these periods are unaudited. The results for the three and ~~six~~nine months ended ~~June~~September 30, 2015 are not necessarily indicative of the results to be expected for any subsequent periods or for the entire year ending December 31, 2015. These ~~interim~~ unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements of the Company for the year ended December 31, 2014, which are included in the annual report on the Form 10-K, filed with the SEC on April 16, 2015.

Principles of Consolidation

The accompanying condensed consolidated financial statements include the ~~accounts~~financial statements of Jishanye and its wholly-owned subsidiary, Jishanye Taiwan. All significant intercompany transactions and balances were eliminated in consolidation.

Use of Estimates

The preparation of financial statements in conformity with U.S. GAAP 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 condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Specific estimates include the collectability of accounts receivable and the valuation of inventory and deferred income tax. Actual results could differ from those estimates.

Jishanye, Inc.

Notes to ~~Unaudited~~Condensed Consolidated Financial Statements

AsFor ~~of and for~~ the three and ~~six~~nine months ended ~~June~~September 30, 2015 and 2014 (unaudited)

~~Actual~~Note ~~results~~2 ~~could~~- ~~differ~~Summary ~~from~~of ~~those~~Significant ~~estimates.~~Accounting Policies (Continued)

Foreign Currency Translation

The reporting currency of the Company is the U.S. dollar. The functional currency of the Company is the U.S. ~~dollar~~dollars and the functional currency of the Company's operating subsidiary is the New Taiwanese Dollar ("NTD"). For the operating subsidiary, results of operations and cash flows are translated from its functional currency to U.S. dollars at the average exchange rates during the period, assets and liabilities are translated at the exchange rate at the end of the period, and equity is translated at historical exchange rates. ~~As a result, amounts relating to assets and liabilities reported on the statements of cash flows may not necessarily agree with the changes in the corresponding balances on the balance sheets.~~ Translation adjustments resulting from the process of translating the local currency financial statements into U.S. dollars are included in determining comprehensive loss. All of the Company's revenue transactions are transacted in NTD, the functional currency of the operating subsidiary.

Cash and Cash Equivalents

Cash and cash equivalents include cash in hand, ~~at bank~~ and inon ~~time deposits, certificates of~~ deposit ~~and all highly liquid debt instruments~~ with ~~original maturities of three months or less~~banks.

Inventory

Inventory is stated at the lower of cost or market, with cost determined by using the average cost method. Management compares the cost of inventory with its market value and an allowance is made to write down inventory to market value, if lower. As of ~~June~~September 30, 2015 and December 31, 2014, the Company had finished goods for the continuing operation of $~~895~~1,512 and ~~$870~~nil, respectively.

Concentration of Credit Risk

Financial instruments that potentially subject the Company to concentration of credit risk consist principally of accounts receivable. Credit risk concentration with respect to accounts receivables is reduced because a diverse number of customers make up the Company’s customer base.

Income Taxes

An asset and liability approach is used for financial accounting and reporting for income taxes. Deferred income taxes arise from temporary differences between income tax and financial reporting and principally relate to recognition of revenue and expenses in different periods for financial and tax accounting purposes and are measured using currently enacted tax rates and laws. In addition, a deferred tax asset can be generated by net operating loss carry forwards. If it is more likely than not that some portion or all of a deferred tax asset will not be realized, a valuation allowance is recognized. The Company has tax losses that may be applied against future taxable income. The potential tax benefit arising from these loss carryforwards are offset by a valuation allowance due to uncertainty of profitable operations in the future.

Revenue Recognition

~~Product~~Service revenue is recognized atwhen ~~the~~persuasive ~~date~~evidence of ~~shipment~~an toarrangement ~~customers~~exists, ~~when~~service ahas ~~formal arrangement exists~~been provided, the ~~price~~fee is fixed or determinable, ~~the~~and ~~delivery~~collectability is ~~completed,~~probable. noPayments ~~other~~received ~~significant~~before ~~obligations~~all of the ~~Company~~relevant ~~exist~~criteria ~~and~~for ~~collectability~~revenue isrecognition ~~reasonably~~are ~~assured~~satisfied are recorded as advances from customers. Rental ~~Service~~income ~~revenue~~relates to the rental of memorial tablets at the Company’s funeral parlors which is recognized ~~when~~on ~~persuasive~~a ~~evidence~~straight-line basis over the terms of anthe ~~arrangement~~respective ~~exists,~~leases. ~~service~~In ~~has~~accordance ~~provided,~~with the ~~fee~~Company's isstandard ~~fixed~~lease ~~or determinable~~terms, ~~and~~rental ~~collectability~~payments isare ~~probable.~~generally ~~Payments~~payable ~~received~~yearly. ~~before~~Deferred ~~all~~income ofrepresents the ~~relevant~~cumulative ~~criteria~~difference ~~for~~between rental revenue ~~recognition~~as ~~are~~recorded ~~satisfied~~on ~~are~~a ~~recorded~~straight asline ~~advances~~basis ~~from~~and ~~customers. Sales~~rents ~~represent~~received from the ~~invoiced~~tenants. ~~value~~As of ~~products~~September 30, ~~net~~2015 ofand ~~value-added~~December ~~tax~~31, ~~("VAT")~~2014, the deferred income is $2,905 and nil, respectively.

Jishanye, Inc.

Notes to ~~Unaudited~~Condensed Consolidated Financial Statements

AsFor ~~of and for~~ the three and ~~six~~nine months ended ~~June~~September 30, 2015 and 2014 (unaudited)

Note 2 - Summary of Significant Accounting Policies (Continued)

Basic and Diluted Earnings (Loss) Per Share

Basic earnings (loss) per share of common stock is computed by dividing net income (loss) available to common stockholders (numerator) by the weighted average number of shares of common stock outstanding (denominator) during the period. Diluted earnings per share gives effect to all dilutive potential shares of common stock outstanding during the period using the treasury stock method and convertible preferred stock using the if-converted method. In computing diluted earnings per share, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Dilutive potential shares are excluded from the computation of diluted earnings per share if their effect is anti-dilutive. There were no options, warrants or other instruments convertible into common stock outstanding for the three and ~~six~~nine months ended ~~June~~September 30, 2015 and 2014; therefore, basic and diluted earnings or loss per share of common stock are the same.

~~Subsequent~~Recent ~~Events~~accounting pronouncements

The Company's ~~management~~has reviewed all ~~material~~recently ~~events~~issued, ~~from~~but ~~June~~not 30yet effective, ~~2015~~accounting ~~through~~pronouncements and do not believe the ~~issuance~~future ~~date~~adoption of ~~these~~any such pronouncements may be expected to cause a material impact on its financial ~~statements~~condition ~~for~~or ~~disclosure~~the ~~consideration~~results of its operations.

Note 3 ~~– Short~~-~~term~~ ~~debt~~Discontinued ~~– related party~~operations

~~The~~In June 2014, the Company's ~~short-term~~changed ~~debt~~its business from ~~related~~selling ~~parties~~enzyme ~~consisted~~products to engaging in the business of funeral management services, and the ~~following:~~only revenues from the enzyme products business subsequent to June 2014 represented sales of inventory on hand. On October 2, 2015, the Company determined to completely cease the enzyme products operations. Thereafter, the Company was engaged in one single operating segment consisting of funeral management service in Taiwan. The enzyme products operations have been segregated and reported as discontinued operations for all the periods presented in the Company’s condensed consolidated statements of operations.

	June 30, 2015		December 31, 2014
Loans from former chief executive officer	$	149,500	$	149,228
Loans from chief executive officer		51,790		9,710
	$	201,290	$	158,938

The carrying amounts of the major classes of assets and liabilities of the discontinued operation as of December 31, 2014 were as follows:

The loans from the chief executive officer include loans from a company owned by the chief executive officer

Inventory	$	870
Current assets		870
Total assets		870
Accrued expense and other payables		(5,361	)
Accrued expense and other payables - Related Party		(1,101	)
Current liabilities		(6,462	)
Total liabilities	$	(6,462	)

~~These~~Summary ~~notes~~of ~~are~~the ~~interest~~operating ~~free,~~results ~~have~~for nothe ~~maturity~~three ~~date~~months and ~~are~~nine ~~payable~~months onof ~~demand.~~September 30, 2014 from discontinued operation were as follows:

Note 4 – Stockholders' Equity

	Three months ended September 30, 2014			Nine months ended September 30, 2014
Net revenue from discontinued operation	$	325		$	1,510
Loss on discontinued operations, net of tax	$	(6,346	)	$	(22,151	)

On June 9, 2015, the Company sold a total of 47,800,000 shares of common stock for a total consideration of $999,020, or $0.0209 per share. The Company's chief executive officer and a company controlled by chief executive officer, purchased 40,560,000 of these shares. As a result of the stock purchase, the chief executive's beneficial ownership in the Company's common stock increased from approximately 10% to approximately 67%.

Note 5 - Related Party Transactions

Pursuant to an employment agreement between the Company and its former chief executive and financial officer, dated September 1, 2012, Mr. Lin earned a salary of NTD32,000 (approximately $1,100) per month and subsequently increased to NTD35,000 (approximately $1,133). The agreement provides that either party may terminate the agreement with at least 30 days prior notice. This agreement was terminated during the third quarter of 2015.

Jishanye, Inc.

Notes to ~~Unaudited~~Condensed Consolidated Financial Statements

AsFor ~~of and for~~ the three and ~~six~~nine months ended ~~June~~September 30, 2015 and 2014 (unaudited)

Note 64 - Short-term debt – ~~Business~~related ~~Segments~~party

The Company's isshort-term ~~engaged~~debt infrom ~~two operating~~related ~~segments:~~parties ~~funeral~~consisted ~~management~~of ~~services and enzyme products. Before June 2014,~~ the ~~Company was engaged in selling enzyme products to public consumers in Taiwan. Beginning in June 2014, the Company began offering funeral management services in Taiwan.~~following:

The balance sheets as of June 30, 2015 and December 31, 2014 and the statement of operations information for the three and six months ended June 30, 2015 and 2014 of each segment is presented in US dollars as follows:

	September 30,		December 31,
	2015		2014
Loans from former chief executive officer	$	149,500	$	149,500
Loans from chief executive officer		48,320		9,438
	$	197,820	$	158,938

	June 30, 2015												December 31, 2014
	Funeral Services			Enzymes			Corporate			Total			Funeral Services		Enzymes			Corporate			Total
Current Assets		-			896			1,034,117			1,035,013			6,808		870			7,243			14,921
Total assets		-			896			1,034,117			1,035,013			6,808		870			7,243			14,921
Current Liabilities		14,235			119,546			1,067,557			1,201,338			-		119,520			154,117			273,637
Long-Term Liabilities		-			-			149,500			149,500			-		-			-			-
Stockholders' Deficit		(14,235	)		(118,650	)		(182,940	)		(315,825	)		6,808		(118,650	)		(146,874	)		(258,716	)
Total Liabilities and Stockholders' Deficit		-			896			1,034,117			1,035,013			6,808		870			7,243			14,921
	Three Months Ended June 30, 2015												Three Months Ended June 30, 2014
	Funeral Services			Enzymes			Corporate			Total			Funeral Services		Enzymes			Corporate			Total
Revenue		-			-			-			-			16,600		1,185			-			17,785
Cost of Revenues		-			-			-			-			-		656			-			656
Gross Profit		-			-			-			-			16,600		529			-			17,129
Operating Expenses		14,742			-			3,646			18,388			196		8,811			2,415			11,422
Other Income (Expenses)		-			-			16			16			-		-			107			107
Net Income (Loss)		(14,742	)		-			(3,630	)		(18,372	)		16,404		(8,282	)		(2,308	)		5,814
	Six Months Ended June 30, 2015												Six Months Ended June 30, 2014
	Funeral Services			Enzymes			Corporate			Total			Funeral Services		Enzymes			Corporate			Total
Revenue		-			-			-			-			16,600		1,185			-			17,785
Cost of Revenues		-			-			-			-			-		656			-			656
Gross Profit		-			-			-			-			16,600		529			-			17,129
Operating Expenses		21,043			-			36,082			57,125			367		16,334			8,822			25,523
Other Income (Expenses)		-			-			16			16			-		-			(1,449	)		(1,449	)
Net Income (Loss)		(21,043	)		-			(36,066	)		(57,109	)		16,233		(15,805	)		(10,271	)		(9,843	)

These loans are interest free, unsecured and are payable on demand.

The loans from the chief executive officer include loans of $9,060 and $9,438 as of September 30, 2015 and December 31, 2014, respectively, from a company owned by the chief executive officer.

Note 5 - Stockholders' Equity

On June 9, 2015, the Company sold a total of 47,800,000 shares of common stock for a total cash consideration of $999,020, or $0.0209 per share. The Company's chief executive officer and a company controlled by the chief executive officer, purchased 40,560,000 of these shares. As a result of the stock purchase, the chief executive's beneficial ownership in the Company's common stock increased from approximately 10% to approximately 67%.

Note 6 - Related Party Transactions

Pursuant to an employment agreement between the Company and its former chief executive and financial officer, dated September 1, 2012, the former chief executive officer earned a salary of NTD32,000 (approximately $1,100) per month, which was subsequently increased to NTD35,000 (approximately $1,133). The agreement provides that either party may terminate the agreement with at least 30 days prior notice. This agreement was terminated in July 2015. The Company recorded salary of nil and $6,661 for the three and nine months ended September 30, 2015 and $3,444 and $10,332 for the three and nine months ended September 30, 2014, respectively.

During the third quarter of 2015, the Company leased three office premises from the chief executive officer, Taiwan Life Enterprise Co., Ltd. ("Taiwan Life"), and a director of Jishanye Taiwan for a monthly rent of NTD15,000 (approximately $476), NTD9,524 (approximately $302) and NTD15,000 (approximately $476), respectively. The Company's chief executive officer owns 20% equity interest in Taiwan Life and he is the chairman of Taiwan Life. During the three and nine months ended September 30, 2015, the Company recorded the rental expenses for the affiliates for $2,853 and $2,853, respectively.

Pursuant to a five-year lease agreement for a funeral parlor entered into by the Company in May 2015, Taiwan Life issued a promissory note to guarantee the payment of NTD500,000 (approximately $15,100) as security to the lessor in the event the Company terminates the lease prior to expiration.

Note 7 - Income Taxes

Jishanye is a holding company with no business other than holding an equity interest of Jishanye Taiwan other than corporate overhead, principally professional fees and expenses relating to its status as a public company in the United States. Jishanye is subject to income tax in United States with a statutory income tax rate of 34%. Jishanye Taiwan is subject to income tax in Taiwan with a statute income tax rate of 17%. No provision for income taxes has been recognized for the three and nine months ended September 30, 2015 and 2014 as the Company and Jishanye Taiwan incurred net operating losses for income tax purposes.

Jishanye, Inc.

Notes to Condensed Consolidated Financial Statements

For the three and nine months ended September 30, 2015 and 2014 (unaudited)

Note 7 - Income Taxes (Continued)

The Company has tax losses that may be applied against future taxable income. The potential tax benefits arising from these loss carryforwards, which expire beginning the year 2022 through 2035, are offset by a valuation allowance due to the uncertainty of profitable operations in the future. As of September 30, 2015 and December 31, 2014, the Company had net operating losses carry-forward of $500,560 and $358,691, respectively.

Tax effects of temporary differences that give rise to significant portions of the deferred tax assets at September 30, 2015 and December 31, 2014 are presented below:

	September 30, 2015				December 31, 2014
Deferred tax asset
Net operating loss carry forwards		$	115,334			$	83,214
Less: valuation allowance			(115,334	)			(83,214	)
Net deferred tax asset		$	-			$	-

Note 8 – Commitments and contingencies

Operating leases

On May 27, 2015, the Company leased the premises for a funeral parlor under a five-year lease agreement, for the period from June 1, 2015 to May 1, 2020 with an initial monthly rental of NTD155,000 (approximately $4,681), which increases to NTD157,000 (approximately $4,758) on June 1, 2017 and to NTD169,177 (approximately $4,837) on June 1, 2019. Pursuant to the lease agreement, Taiwan Life issued a promissory note to guarantee the payment of NTD500,000 (approximately $15,100) as security in the event the Company terminates the lease prior to expiration.

On August 1, 2015, the Company leased premises for another funeral parlor under a lease agreement with a one year term, for the period from August 1, 2015 to July 1, 2016 with a monthly rental of NTD40,000 (approximately $1,208).

During the third quarter of 2015, the Company leased three office premises from the chief executive officer, a company owned by the chief executive officer, Taiwan Life and a director of Jishanye Taiwan for the monthly rent of NTD15,000 (approximately $476), NTD9,524 (approximately $302) and NTD15,000 (approximately $476), respectively. During the three and nine months ended September 30, 2015, the Company recorded the rental expenses for the affiliates for $2,853 and $2,853, respectively.

Total rental expenses for the three and nine months ended September 30, 2015 were $19,178 and $24,092. The Company had no rental expense for the three and nine months ended September 30, 2014.

The minimum future lease payments for the next five years and thereafter are as follows:

Period ending September 30:	Related parties		Unrelated parties		Total

2016	$	14,496	$	68,252	$	82,748
2017		14,496		56,480		70,976
2018		14,496		57,096		71,592
2019		14,496		76,763		91,259
2020		11,778		14,512		26,290
	$	69,762	$	273,103	$	342,865

Contingencies

The Company has obtained the relevant government approval to operate funeral management business in Taiwan. However, funeral parlors in Taiwan, including the ones operated by the Company, are generally unable to fully comply with the strict statutory requirements, for example, about the locations of funeral parlors relative to other public facilities like schools and hospitals. The non-compliance may result in fines and suspension of business. The Company believes the non-compliance would not have significant impact on the Company’s operations or its operating results.

Note 9 – Subsequent events

In accordance with ASC Topic 855, “Subsequent Events”, which establishes general standards of accounting for and disclosure of events that occur after the balance sheet date but before financial statements are issued, the Company has evaluated all events or transactions that occurred after September 30, 2015 up through the filing date of these condensed consolidated financial statements. Except as disclosed in Note 3, the Company did not have any material recognizable subsequent events.

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

Overview

We ~~were~~sold ~~engaged in selling~~ enzymes products to public consumers in Taiwan through June 2014. ~~Since~~In June 2014, we switched our focus from selling enzyme products to engaging business in the funeral management services, initially in Taiwan. ~~The~~We ~~funeral~~are ~~management~~currently ~~services~~engaged ~~business~~ in ~~Taiwan~~one isbusiness ~~different~~segment ~~from~~– ~~the~~ funeral ~~business~~management inservices. The ~~the~~funeral ~~United~~management ~~States,~~services ~~and~~business in Taiwan involves offering a range of services to grieving families, which include providing a place for mourners to visit, maintaining the body during the mourning period in a manner consistent with both religious and cultural practices and health and safety regulations, and providing burial or, more frequently, cremation, which, because of the scarcity of land in Taiwan, is preferred to burial. In addition, funeral management services includes providing the necessary setting and personnel to meet the grieving family's religious and cultural preferences. Since June ~~2014~~2015, we ~~have~~expanded ~~generated~~the ~~minimal~~funeral ~~revenues~~management inbusiness ~~the~~by increasing our personnel, renting premises for a funeral ~~management~~parlor and offering additional services. ~~business~~As ~~and~~a result of these efforts, we ~~have~~increased ~~been~~the ~~engaged~~revenues induring the third quarter of 2015. We plan to continue to expand our marketing and related activities. WeAlthough we are optimistic about our ability to generate ~~revenue~~revenues from this business ~~during the second half of 2015~~, ~~although~~ we can give no assurance that we can or will generate any significant revenue from this business or operate profitably. The Company's chief executive officer has experience in the funeral services business in Taiwan and owns a company which is engaged in the funeral management services business.

On October 2, 2015, we determined to completely cease our enzyme products operations and treat it as a discontinued operation.

Results of Operations

Three and ~~six~~nine months ended ~~June~~September 30, 2015 and 2014

WeFor ~~did not generate any revenues during~~ the three orand ~~six~~nine months ended ~~June~~September 30, 2015, we had revenue of $99,581, all of which was generated in the third quarter. ~~Our~~We ~~revenues~~had no revenue for the three ~~and~~months ~~six~~ended September 30, 2014. For the nine months ended ~~2014~~September ~~were~~30, ~~primarily~~2014, ~~from~~we ~~our~~had ~~funeral~~revenue ~~management~~of ~~services~~$16,600, ~~business.~~which ~~The~~represented ~~decrease~~revenue ~~reflects~~from ~~the~~one-time ~~lack~~training ofservices ~~our~~which ~~efforts~~we provided to ~~generate~~a ~~revenue~~customer. Our ~~from~~revenues for the ~~enzyme~~three ~~product~~and ~~business~~nine ~~and~~months ~~our~~ended ~~failure~~2015 toand ~~generate~~2014 ~~more~~were ~~revenues~~generated from ~~the~~our funeral management services business.

Our gross profit for the three and ~~six~~nine months ended ~~June~~September 30, 2015 was $11,911. Our gross profit for the nine months ended September 30, 2014 was $1716,~~129~~600. The decrease of gross profit ~~reflects~~reflected the ~~insignificant~~nature of the services provided. The training services which we provided in the nine months ended September 30, 2014 did not have any associated cost of ~~funeral~~revenue. Our ~~management~~cost ~~services~~of ~~business~~revenues in the three and nine months ended September 30, 2015 reflected labor costs and the rental expense relating to our funeral parlors.

For the three months ended ~~June~~September 30, 2015 and 2014, weour ~~had~~ general and administrative expenses ofincreased by $1869,~~388~~302, ~~and~~or 252.0%, from $1127,~~422,~~498 ~~respectively~~to $96,800. For the ~~six~~nine months ended ~~June~~September 30, 2015 and 2014, weour ~~had~~ general and administrative expenses ofincreased by $5772,~~125~~833, ~~and~~or 89.8%, from $2581,~~523,~~092 ~~respectively~~to $153,925. The increases reflect increases in salary related to additional administrative and management personnel, rental and other operating expenses incurred as a result of our efforts relating to the funeral services business ~~and increased professional fees related to SEC filings~~.

~~For~~As a result of the factors described above, we incurred a loss from continuing operations for the three months ended ~~June~~September 30, 2015 weand ~~had~~2014 aof ~~net loss was~~ $1884,~~372~~760, or $0.00 per share (basic and diluted) and ~~for the three months ended June 30, 2014, we had net income of~~ $527,~~814~~498, or $0.00 per share (basic and diluted), respectively. For the ~~six~~nine months ended ~~June~~September 30, 3015 and 2014, ~~had~~our ~~losses~~loss offrom continuing operation was $57141,~~109~~869, or $0.00 per share (basic and diluted) and $965,~~843~~936, or $0.0001 per share (basic and diluted), respectively.

~~Liquidity~~We had no loss from discontinued operations during the three and ~~Capital~~nine ~~Resources~~months ended September 30, 2015. For the three months ended September 30, 2014, our loss from discontinued operation was $6,346, or $0.00 per share (basic and diluted). For the nine months ended September 30, 2014, our loss from discontinued operation was $22,151, or $0.00 per share (basic and diluted). The loss from discontinued operation related to the enzymes product business, which was our business before we entered the funeral management services business.

AtFor ~~June~~the three months ended September 30, 2015, weand ~~had~~2014, ~~working~~our ~~capital~~net ofloss was $~~683~~84,~~280~~760, asor ~~compared~~$0.00 ~~with~~per ~~negative~~share ~~working~~(basic ~~capital~~and ofdiluted) and $~~258~~33,~~716~~844, ator ~~December~~$0.00 ~~31,~~(basic ~~2014~~and diluted). ~~The~~For ~~increase~~the innine ~~working~~months ~~capital~~ended ~~resulted~~September ~~from~~30, a3015 ~~loan~~and ~~of approximately $42~~2014,~~000~~ ~~from~~ our ~~chief~~net ~~executive~~loss ~~officer~~was ~~and the proceeds of a private placement of~~ $~~999~~141,~~020~~869, inor ~~June 2015~~$0. ~~The~~00 ~~principal~~per ~~investor~~share in(basic ~~the~~and ~~private~~diluted) ~~placement was our chief executive officer~~ and a$88,087, ~~company~~or ~~controlled~~$0.01 byper ~~the~~share ~~chief~~(basic ~~executive~~and ~~officer~~diluted) respectively.

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WeLiquidity ~~used $21,914~~ and ~~$18,289~~Capital of cash in our operations for the six months ended June 30, 2015 and 2014, respectively. The increase is mainly attributable to the increase in our loss and which was offset primarily by the increase in accounts payable.Resources

WeAt ~~received~~September no30, ~~cash~~2015, ~~from~~we ~~investing~~had ~~activities~~working incapital ~~the~~of ~~six~~$592,925, ~~months~~as ~~ended~~compared ~~June~~with 30negative working capital of $258,716 ~~2015~~at December 31, 2014. ~~For~~The ~~the~~increase ~~six~~in ~~months~~working ~~ended~~capital ~~June~~resulted ~~30,~~from ~~2015,~~the weproceeds ~~had~~of ~~$28,327~~a private placement of ~~cash~~$999,020 in ~~investing~~June ~~activity,~~2015. The ~~which~~principal ~~represents~~investors in the ~~net~~private ~~proceeds~~placement ~~from~~were ~~the~~our ~~sale~~chief ofexecutive ~~our~~officer ~~fixed~~and ~~assets~~a ~~related~~company tocontrolled ~~enzyme~~by ~~business~~our chief executive officer.

We ~~received~~used $134,~~041,100~~741 of cash in ~~financing~~our ~~activity~~operations for the ~~six~~nine months ended ~~June~~September 30, 2015, ~~which~~and ~~represented~~our operations provided $~~999~~12,~~020~~455 ~~from~~of ~~the~~cash ~~private~~for ~~placement~~the ofnine ~~our~~months ~~common~~ended ~~stock~~September 30, ~~for~~2014. For ~~which~~ the ~~principal~~nine ~~investors~~months ~~were~~ended September 30, 2015, our ~~chief~~cash ~~executive~~flow ~~officer~~used ~~and~~in aoperating ~~company~~activities ~~owned~~principally byreflected our ~~chief~~net ~~executive~~loss ~~officer,~~of $42141,~~080~~869 ~~from~~partially aoffset ~~loan~~by ~~from~~the ~~our~~increase ~~chief~~in ~~executive~~accounts ~~officers.~~payable Weof ~~had~~$23,014 noand ~~cash~~accrued ~~flow~~expenses ~~from~~and ~~financing~~other ~~activities~~payables inof $99,044. For the ~~six~~nine months ended ~~June~~September 30, 2014, cash used in our operations reflected principally our net loss of $88,087, partially offset by increase in our accrued expenses of $66,713.

We did not generate cash flows from investing activities in the nine months ended September 30, 2015. For the nine months ended September 30, 2014, we generated $29,673 of cash in investing activities, which represents the net proceeds from the sale of our fixed assets related to our enzyme business.

We received cash of $1,040,185 from financing activities for the nine months ended September 30, 2015, which represented $999,020 from the private placement of our common stock, for which the principal investors were our chief executive officer and a company owned by our chief executive officer, and a $41,165 loan from our chief executive officer. We did not generate cash flow from financing activities in the nine months ended September 30, 2014.

We believe that our available cash provides us with sufficient funds for our immediate operations. To the extent we seek to expand our business, we may require additional funding, and there is no assurance as to whether we will be able to obtain any necessary financing or the terms on which any funds will be available.

Critical Accounting Policies

Our financial statements and related public financial information are based on the application of accounting principles generally accepted in the United States ("U.S. GAAP"). U.S. GAAP requires the use of estimates; assumptions, judgments and subjective interpretations of accounting principles that have an impact on the assets, liabilities, revenues and expenses amounts reported. These estimates can also affect supplemental information contained in our external disclosures including information regarding contingencies, risk and financial condition. We believe our use of estimates and underlying accounting assumptions adhere to U.S. GAAP and are consistently and conservatively applied. We base our estimates on historical experience and on various other assumptions that we believe to be reasonable under the circumstances. Actual results may differ materially from these estimates under different assumptions or conditions. We continue to monitor significant estimates made during the preparation of our financial statements.

We believe the following isare among the most critical accounting policies that impact our consolidated financial statements. We suggest that our significant accounting policies, as described in our financial statements in the Summary of Significant Accounting Policies, be read in conjunction with this Management's Discussion and Analysis of Financial Condition and Results of Operations.

Foreign Currency Translation

The reporting currency of the Company is the U.S. dollar. The functional currency of the Company is the U.S. dollar and the functional currency of the Company's operating subsidiary is the New Taiwanese Dollar ("NTD"). For the operating subsidiary, results of operations and cash flows are translated at average exchange rates during the period, assets and liabilities are translated at the exchange rate at the end of the period, and equity is translated at historical exchange rates. As a result, amounts relating to assets and liabilities reported on the statements of cash flows may not necessarily agree with the changes in the corresponding balances on the balance sheets. Translation adjustments resulting from the process of translating the local currency financial statements into U.S. dollars are included in determining comprehensive loss. All of the Company's revenue transactions are transacted in NTD, the functional currency of the operating subsidiary.

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Revenue Recognition

~~Product~~Service revenue is recognized atwhen ~~the~~persuasive ~~date~~evidence of ~~shipment~~an toarrangement ~~customers~~exists, ~~when~~service ahas ~~formal arrangement exists~~been provided, the ~~price~~fee is fixed or determinable, ~~the~~and ~~delivery~~collectability is ~~completed,~~probable. noPayments ~~other~~received ~~significant~~before ~~obligations~~all of the ~~Company~~relevant ~~exist~~criteria ~~and~~for ~~collectability~~revenue isrecognition ~~reasonably~~are ~~assured~~satisfied are recorded as advances from customers. ~~Service~~Rental ~~revenue~~income relates to the rental of memorial tablets at our funeral parlors which is recognized ~~when~~on ~~persuasive~~a ~~evidence~~straight-line ofbasis anover ~~arrangement~~the ~~exists,~~terms ~~service~~of ~~has~~the ~~provided,~~respective ~~the~~leases. ~~fee~~In isaccordance ~~fixed~~with orour ~~determinable~~standard lease terms, ~~and~~rental ~~collectability~~payments isare ~~probable.~~generally ~~Payments~~payable ~~received~~yearly. ~~before~~Deferred ~~all~~income ofrepresents the ~~relevant~~cumulative ~~criteria~~difference ~~for~~between rental revenue ~~recognition~~as ~~are~~recorded ~~satisfied~~on ~~are~~a ~~recorded~~straight asline ~~advances~~basis ~~from~~and ~~customers. Sales~~rents ~~represent~~received from the ~~invoiced~~tenants. ~~value~~As of ~~products~~September 30, ~~net~~2015 ofand ~~value-added~~December ~~tax~~31, ~~("VAT")~~2014, the deferred income is $2,905 and nil, respectively.

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Foreign Currency Translation

Our reporting currency and functional currency of is the U.S. dollar. The functional currency of our operating subsidiary is the New Taiwanese Dollar ("NTD"). For the operating subsidiary, results of operations and cash flows are translated from its functional currency to U.S. dollars at average exchange rates during the period, assets and liabilities are translated at the exchange rate at the end of the period, and equity is translated at historical exchange rates. Translation adjustments resulting from the process of translating the local currency financial statements into U.S. dollars are included in determining comprehensive loss. All of the Company's revenue transactions are transacted in NTD, the functional currency of the operating subsidiary.

Recent Accounting Pronouncements

~~The~~We ~~Company does~~ do not expect adoption of the new accounting pronouncements will have a material effect on the Company'’s financial statements.

Off-Balance Sheet Arrangements

~~None~~Pursuant to a five-year lease agreement for a funeral parlor entered into by us in May 2015, Taiwan Life Enterprise Co., Ltd. ("Taiwan Life"), issued a promissory note to guarantee the payment of NTD500,000 (approximately $15,100) as security to the lessor in the event we terminate the lease prior to expiration. Our chief executive officer owns 20% equity interest in Taiwan Life and he is the chairman of Taiwan Life.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURE ABOUT MARKET RISK.

Not Applicable.

ITEM 4. CONTROLS AND PROCEDURES.

Evaluation of Disclosure Controls and Procedures

As required by Rule 13a-15 under the Securities Exchange Act of 1934, our management, with the participation of Mr. Chun-Hao Chang, our principal executive officer, and Ms. Mei-Chun Lin, our principal financial officer, evaluated the effectiveness of our disclosure controls and procedures as of ~~June~~September 30, 2015. Disclosure controls and procedures refer to controls and other procedures designed to ensure that information required to be disclosed in the reports we file or submit under the Securities Exchange Act is recorded, processed, summarized and reported within the time periods specified in the rules and forms of the SEC and that such information is accumulated and communicated to our management, including our chief executive officer and chief financial officer, as appropriate, to allow timely decisions regarding required disclosure. In designing and evaluating our disclosure controls and procedures, management recognizes that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives, and management is required to apply its judgment in evaluating and implementing possible controls and procedures.

~~Management conducted its evaluation of disclosure controls and procedures under the supervision of our chief executive officer and our chief financial officer.~~ Based on that evaluation, ~~Mr.~~management ~~Chang and Ms. Lin~~ concluded that our disclosure controls and procedures were not effective as of ~~June~~September 30, 2015.

~~Management's~~As we disclosed in our Annual Report on ~~Internal~~Form ~~Controls~~10-K, during our assessment of the effectiveness of internal control over ~~Financial~~financial ~~Reporting~~reporting as of December 31, 2014, management identified the following material weaknesses in our internal control over financial reporting:

~~Our~~1) ~~management~~lack isof ~~responsible~~an ~~for~~audit ~~establishing~~committee and ~~maintaining adequate internal control over financial reporting as defined in Rules 13a-15(f) and 15d-15(f) under~~ the ~~Securities~~absence ~~Exchange~~of ~~Act.~~any ~~Our~~independent ~~management~~directors ~~is also required to assess and report~~ on ~~the~~our ~~effectiveness~~Board of ~~our~~Directors, ~~internal~~resulting ~~control over financial reporting~~ in ~~accordance with Section 404 of~~ the ~~Sarbanes-Oxley~~lack ~~Act~~ of ~~2002~~oversight ~~("Section 404"). As previously reported~~ in ~~our Form 10-K for~~ the ~~year~~establishment ~~ended~~and ~~December~~monitoring ~~31, 2014, management assessed the effectiveness~~ of ~~our~~required internal control ~~over~~and ~~financial~~procedures; ~~reporting~~2) asinadequate segregation of ~~December~~duties ~~31,~~consistent ~~2014~~with ~~and,~~control ~~during~~objectives; ~~our~~3) ~~assessment,~~ineffective ~~management~~controls ~~concluded~~over ~~that~~period ~~our~~end ~~internal~~financial ~~controls~~disclosure ~~over~~and ~~financial~~ reporting ~~were~~processes; ~~not~~and ~~effective~~4) ~~due~~lack toof ~~the~~accounting ~~material~~personnel ~~weakness~~with inadequate ~~our~~experience ~~control environment~~ and ~~financial reporting~~training..

Changes in internal control over financial reporting

During the ~~three~~nine months ended ~~June~~September 30, 2015, ~~there~~we ~~were~~engaged noa ~~changes~~financial inreporting consultant to help us evaluate and implement appropriate policies and procedures to improve our internal control systems over financial reporting ~~identified~~and provided hands-on support and recommendations. Other than as described above, there were no changes in ~~connection~~our ~~with~~internal ~~the~~control ~~evaluation~~over ~~performed~~financial reporting during the ~~fiscal~~ quarter ~~covered~~ended bySeptember ~~this~~30, ~~report~~2015 that ~~has~~have materially affected, or isare reasonably likely to materially affect our internal control over financial reporting.

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PART II. OTHER INFORMATION

ITEM 6. EXHIBITS

(a) Exhibits:

Exhibit
Number		Description of Exhibit
31.1		Rule 13a-14(a)/15d-14(a) certification of Chief Executive Officer
31.2		Rule 13a-14(a)/15d-14(a) certification of Chief Financial Officer
32.1		Section 1350 certification of the Chief Executive Officer and Chief Financial Officer

Exhibit Number		Description of Exhibit
101.INS		XBRL Instance Document.
31.1		Certification of Chief Executive Officer pursuant to Rule 13a-14(a) of the Securities Exchange Act of 1934
101.SCH		XBRL Taxonomy Extension Schema Document.
31.2		Certification of Chief Financial Officer pursuant to Rule 13a-14(a) of the Securities Exchange Act of 1934
101.CAL		XBRL Taxonomy Extension Calculation Linkbase Document.
32.1		Certification of the Chief Executive Officer and Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
101.DEF		XBRL Taxonomy Extension Definition Linkbase Document.
101.LAB		XBRL Taxonomy Extension Label Linkbase Document.
101.PRE		XBRL Taxonomy Extension Presentation Linkbase Document.

~~101.INS XBRL Instance Document.~~15

101.SCH XBRL Taxonomy Extension Schema Document.

101.CAL XBRL Taxonomy Extension Calculation Linkbase Document.

101.DEF XBRL Taxonomy Extension Definition Linkbase Document.

101.LAB XBRL Taxonomy Extension Label Linkbase Document.

101.PRE XBRL Taxonomy Extension Presentation Linkbase Document.

Table of Contents

SIGNATURES

Pursuant to the requirements of ~~Section 13 or 15 (d) of~~ the Securities Exchange Act of 1934, ~~as amended,~~ the Registrant has duly caused this ~~Quarterly Report on Form 10-Q~~ report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: September 29, 2015	By:	/s/ Chun-Hao Chang
	JISHANYE, INC.
Date: November 20, 2015	By:	/s/ Chun-Hao Chang
	Name:	Chun-Hao Chang
	Its:	Chief Executive Officer
		(Principal Executive Officer)

Date: September 29, 2015	By:	/s/ Mei-Chun Lin
Date: November 20, 2015	By:	/s/ Mei-Chun Lin
	Name:	Mei-Chun Lin
	Its:	Chief Financial Officer
		(Principal Financial and Accounting Officer)

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