UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

[X]	QUARTERLY REPORT UNDER TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2017

	OR

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

Commission file number 000-51213

ECOLOCAP SOLUTIONS INC.

(Exact name of registrant as specified in its charter)

NEVADA

(State or other jurisdiction of incorporation or organization)

20-0909393

(I.R.S. Employer Identification Number)

6240. Oakton Street

Morton Grove, IL 60053

(Address of principal executive offices, including Zip Code)

312-585-6670

(Registrant's telephone number, including area code)

Indicate by check mark 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 registrant was required to file such reports), and (2) has been subject to such filing requirements for the last 90 days. YES [X] NO [ ]

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

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

Large Accelerated Filer	[ ]	Accelerated Filer	[ ]
Non-accelerated Filer	[ ]	Smaller Reporting Company	[X]
Emerging Growth Company	[ ]
(Do not check if 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 [X]

APPLICABLE ONLY TO CORPORATE ISSUERS:

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

The Issuer had 10,922,710,977 shares of Common Stock, par value $0.00001, outstanding as of December 5, 2017.

			Page

	PART I.		3

Item 1.	Financial Statements.		3

		Unaudited Consolidated Balance Sheets	3
		Unaudited Consolidated Statements of Operations	4
		Unaudited Consolidated Statements of Cash Flows	5
		Notes to Consolidated Financial Statements (Unaudited)	6

Item 2.	Management's Discussion and Analysis of Financial Condition and Results of Operations.		12

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

Item 4.	Controls and Procedures.		14

	PART II.		15

Item 1.	Legal Proceedings.		15

Item 1A.	Risk Factors.		15

Item 6.	Exhibits.		16

Signatures			17

Exhibit Index			18

	September 30, 2017			December 31, 2016 (Restated)
ASSETS

CURRENT ASSETS:
Cash	$	9,008		$	698
Inventory		595,815
Prepaid expenses and sundry current assets		3,269			-

TOTAL CURRENT ASSETS AND TOTAL ASSETS	$	608,092		$	698

LIABILITIES AND STOCKHOLDERS' DEFICIT

CURRENT LIABILITIES:
Customer deposits	$	175,000		$	175,000
Convertible notes payable		896,666			1,040,838
Notes payable-related parties		2,773,623			2,335,959
Long term debt		1,016			-
Derivative liabilities		1,842,555			10,174,203
Accrued expenses and sundry current liabilities - related parties		1,847,267			1,178,411
Accrued expenses and sundry current liabilities		1,132,457			1,113,887

TOTAL CURRENT LIABILITIES		8,668,584			16,018,298

Long term debt		73,984			-

TOTAL LIABILITIES		8,742,568			16,018,298

STOCKHOLDERS' DEFICIT
Preferred stock 100,000,000 shares authorized, par value $0.00001, 10,250,000 and 750,000 shares, respectively issued and outstanding		103			7
Common stock 10,000,000,000 shares authorized, par value $0.00001, 8,737,765,985 and 3,249,327,026 shares, respectively issued and outstanding		87,377			32,493
Additional paid in capital		57,138,928			55,983,849
Common stock to be issued		240,000			-
Accumulated deficit		(67,877,322	)		(74,638,068	)

TOTAL STOCKHOLDERS' DEFICIT-Ecolocap Solutions Inc.		(10,410,914	)		(18,621,719	)

Non-controlling interest		2,276,438			2,604,119

TOTAL STOCKHOLDERS' DEFICIT		(8,134,476	)		(16,017,600	)

TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$	608,092		$	698

	For the Nine Months ended September 30, 2017			For the Nine Months ended September 30, 2016			For the Three Months ended September 30, 2017			For the Three Months ended September 30, 2016


COSTS AND EXPENSES:
		-			-			-			-
Selling, general and administrative	$	901,938		$	627,446		$	284,165		$	213,139

TOTAL OPERATING EXPENSES		901,938			627,446			284,165			213,139

Loss from operations		(901,938	)		(627,446	)		(284,165	)		(213,139	)

OTHER INCOME (EXPENSES)
Gain (loss) on derivative liabilities at market		7,724,510			(420,239	)		(374,653	)		70,826
Interest expense-related parties		(131,290	)		(91,378	)		(45,913	)		(32,121	)
Interest expense		(258,217	)		(141,374	)		(100,186	)		(42,417	)

TOTAL OTHER INCOME (EXPENSES)		7,335,003			(652,991	)		(520,752	)		(3,712	)



Net income (loss) before non-controlling interest	$	6,433,065		$	(1,280,437	)	$	(804,917	)	$	(216,851	)

Non-controlling interest	$	(327,681	)	$	(286,412	)	$	(100,685	)	$	(95,551	)

Ner income (loss) attributable to Ecolocap Solutions Inc	$	6,760,746		$	(994,025	)	$	(704,232	)	$	(121,300	)



Income (Loss) Per Common Share-basic and diluted	$	0.00		$	(0.00	)	$	(0.00	)	$	(0.00	)

Average weighted Number of Shares-basic and diluted		5,802,520,669			3,249,327,026			8,177,122,076			3,249,327,026

	For the Nine Months ended September 30, 2017			For the Nine Months ended September 30, 2016
Net income (loss)	$	6,433,065		$	(1,280,437	)

Adjustment to reconcile net income (loss) to net cash provided by (used in) operating activities
Imputed interests of shareholders loans		74,287			51,994
Stock base compensation		102,810			-
Non-cash interests in cash flows		33,865			-
(Gain) loss on derivatives liabilities at market		(7,724,510	)		420,239
Unpaid penalty interest added to debt principal		16,500			14,653
Closing fees added to debt principal		3,000			-
Changes in operating assets and liabilities:
Inventory		(595,815	)		-
Prepaid expenses and sundry current assets		(3,269	)		-
Stock subscription payable		240,000			-
Changes in operating assets and liabilities		1,488,727			790,823

Net cash provided by (used in) operating activities	$	68,660		$	(2,728	)


Financing activities
Proceeds of loans payable		119,000			-
Payments of loans from shareholder		(179,350	)		7,000

Net cash (used in) provided by financing activities	$	(60,350	)	$	7,000

Change in cash		8,310			4,272

Cash-beginning of period		698			-

Cash-end of period	$	9,008		$	4,272

Supplemental Disclosure of Cash Flow information
Non cash items:
Conversion of current liabilities, convertible notes payable, notes payable stockholders to common stock	$	347,959		$	-
Reclassification of derivative to APIC	$	685,003		$	-
Expenses paid by a related party on behalf of the Company	$	284,924		$	102,876
Non-cash additions of loans from shareholders	$	337,500		$	337,500

	September 30 2017		December 31 2016
Accrued interest	$	574,280	$	545,378
Accrued interest-related parties		240,669		185,401
Accrued compensation-related parties		762,432		652,844
Accounts payable		240,000		240,000
Accrued operating expenses-related parties		844,166		340,166
Accrued operating expenses		318,177		328,509
	$	2,979,724	$	2,292,298

	Loans 2017		Debt discount 2017		Balance September 30, 2017		Balance December 31, 2016

Tonaquint	$	532,179	$	44,000	$	488,179	$	585,846
Redwood Management, LLC		372,992		-		372,992		372,992
Proteus Capital		32,500		-		32,500		32,500
LG Capital		-		-		-		19,500
GSM Capital Group LLC		2,995		-		2,995		30,000
	$	940,666	$	44,000	$	896,666	$	1, 040,838

	Balance September 30, 2017		Balance December 31, 2016

Stockholders	$	2,115,769	$	1,853,679
Hanscom K. Inc.		629,354		453,780
RCO Group Inc.		28,500		28,500
	$	2,773,623	$	2,335,959

	Balance September 30, 2017		Balance December 31, 2016
Note payable to a bank in monthly installments of approximately $2,491 inclusive of interest at 39.00% per annum.	$	75,000	$	-

Less current portion		1,016		-
	$	73,984	$	-

Year	Amount

2018	$	1,016
2019		1,248
2020		1,832
2021		2,688
2022		3,946
Thereafter		64,270

	$	75,000

	2017		2016

Tonaquint	$	856,641	$	4,799,461
Proteus Capital Group LLC		142,161		356,835
GSM Capital Group LLC		11,992		324,662
LG Capital		-		231,059
Redwood Management, LLC		727,848		3,682,835
Total	$	1,738,642	$	9,394,852

	2017		2016

Lakeshore Recycling Systems LLC	$	103,913	$	779,351

Total	$	103,913	$	779,351

	Loans converted		Interest converted		Common shares Of the Company

Tonaquint (Note 4)	$	97,667	$	171,432	$	3,605,081,573
GSM Capital Group LLC (Note 4)		46,505		-		1,145,140,658
LG Capital (Note 4)		19,500		7,444		197,116,728
Stockholders (Note 5)		5,410		-		541,100,000
Total	$	169,082	$	178,876	$	5,488,438,959

	Warrants

Balance December 31, 2016		519,567,390
Warrants granted – Lakeshore Recycling Systems, LLC due to increase in outstanding shares		877,601,391
Balance September 30, 2017		1,397,168,781

Exhibit		Incorporated by reference			Filed
Number	Document Description	Form	Date	Number	herewith
3.1	Articles of Incorporation, as amended.	SB-2	5/28/04	3.1

3.2	Bylaws.	SB-2	5/28/04	3.2

3.3	Certificate of Amendment to Articles of Incorporation.	10-QSB	12/30/05	3.3

3.4	Bylaws, as amended on March 17, 2006.	10-KSB	4/13/06	3.4

10.1	2006 Equity Incentive Plan.	10-KSB	4/13/06	10.39

10.2	Agreement with United Best Technology Limited.	8-K	12/24/08	10.7

10.3	Escrow Agreement with United Best Technology Limited.	8-K	12/24/08	10.8

10.4	Standstill Agreement.	8-K	3/23/12	10.1

10.5	Second Standstill Agreement.	8-K	3/23/12	10.2

14.1	Code of Ethics.	10-KSB	3/31/08	14.1

31.1	Certification of Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.				X

31.2	Certification of Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.				X

32.1	Certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 for the Chief Executive Officer.				X

32.2	Certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 for the Chief Financial Officer.				X

99.1	Audit Committee Charter.	10-KSB	3/31/08	99.1

99.2	Executive Committee Charter.	10-KSB	3/31/08	99.2

99.3	Nominating and Corporate Governance Committee Charter.	10-KSB	3/31/08	99.3

99.4	Stock Option Plan.	10-KSB	3/31/08	99.4

101.INS	XBRL Instance Document.				X

	Level 1		Level 2		Level 3		Total

Derivative Financial Instruments	$	-	$	-	$	1,842,555	$	1,842,555

	ECOLOCAP SOLUTIONS INC.

	BY:	JAMES KWAK
		James Kwak
		Principal Executive Officer and a member of the Board of Directors

	BY:	MICHEL ST-PIERRE
		Michel St-Pierre
		Principal Financial Officer and Principal Accounting Officer

ECOLOCAP SOLUTIONS INC. 10-Q