UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-Q

(Mark One)

x QUARTERLY REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 30,December 31, 2017

¨ TRANSITION REPORT UNDER SECTION13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from __________ to __________

Commission file number: 333-174759

INTEGRATED VENTURES, INC.

(formerly EMS Find, Inc.)

(Exact Name of Registrant as Specified in Its charter)

Nevada		82-1725385
(State or Other Jurisdiction of Incorporation or Organization)		(I.R.S. Employer Identification No.)

73 Buck Road, Suite 2, Huntingdon Valley, PA 19006

(Address of principal executive offices) (Zip Code)

(215) 613-1111

(Registrant’s Telephone Number, Including Area Code)

Indicate by check mark whether the registrant (1) has filed all reports required 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. YesxNo 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 xNo o

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 definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer	¨ o		Accelerated filer	¨ o
Non-accelerated filer	¨ o		Smaller reporting company	x
Emerging growth company	¨  o

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act o

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes oNo x

The number of shares outstanding of the issuer’s common stock, $0.001 par value per share, was 7,742,4018,501,203 as of November 6, 2017.February 14, 2018. 

INTEGRATED VENTURES, INC.

(FORMERLY EMS FIND, INC.)

FORM 10-Q

SEPTEMBER 30,DECEMBER 31, 2017

TABLE OF CONTENTS

				Page No.
PART I: FINANCIAL INFORMATION					Page No.
Item 1.		Financial Statements		3
Item 2.		Management’s Discussion and Analysis of Financial Condition and Results of Operations		20	21
Item 3.		Quantitative and Qualitative Disclosure About Market Risk		25	28
Item 4.		Controls and Procedures		25	28
PART II: OTHER INFORMATION
Item 1.		Legal Proceedings		27	30
Item 2.		Unregistered Sales of Equity Securities and Use of Proceeds		27	30
Item 3.		Defaults Upon Senior Securities		27	30
Item 4.		Mine Safety Disclosures		27	30
Item 5.		Other Information		27	30
Item 6.		Exhibits		28	30
SIGNATURES			31	29

2

PART I – FINANCIAL INFORMATION

TABLE OF CONTENTS

Index to Financial Statements		Page
Condensed Balance Sheets as of September 30,December 31, 2017 (unaudited) and June 30, 2017			4
Condensed Statements of Operations for the Three Months and Six Months Ended September 30,December 31, 2017 and 2016 (unaudited)			5
Condensed Statements of Cash Flows for the ThreeSix Months Ended September 30,December 31, 2017 and 2016 (unaudited)			6
Notes to Condensed Financial Statements (unaudited)			7	8

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Table of Contents

Integrated Ventures, Inc.
(formerly EMS Find, Inc.)
Condensed Balance Sheets
		September 30, 2017				June 30, 2017
		(Unaudited)
ASSETS
Current assets:
Cash		$	90,193			$	15,691
Marketable securities			112,901				253,998
Prepaid expenses			5,000				7,500
Note receivable			-				16,872
Accrued interest receivable			-				1,519
Total current assets			208,094				295,580
Other assets:
Property and equipment			281,757				-
Deposits			700				700
Total other assets			282,457				700
Total assets		$	490,551			$	296,280
LIABILITIES AND STOCKHOLDERS' DEFICIT
Current liabilities:
Convertible notes payable, net of discounts		$	9,590			$	47,814
Note payable			125,000				125,000
Accounts payable			31,901				27,417
Due to related party			5,022				20,216
Accrued expenses			29,498				57,032
Derivative liability			346,183				226,731
Total current liabilities			547,194				504,210
Total liabilities			547,194				504,210
Commitments and contingencies
Stockholders’ deficit:
Series A preferred stock, $0.001 par value, (20,000,000 shares authorized, 500,000 shares issued and outstanding)			500				500
Series B preferred stock, $0.001 par value, (500,000 shares authorized, 180,000 and 150,000 shares issued and outstanding as of September 30, 2017 and June 30, 2017, respectively)			180				150
Common stock, $0.001 par value, (2,000,000,000 shares authorized, 7,742,401 and 5,212,564 shares issued and outstanding as of September 30, 2017 and June 30, 2017, respectively)			7,742				5,213
Additional paid-in capital			4,988,413				4,613,089
Accumulated deficit			(5,053,478	)			(4,826,882	)
Total stockholders’ deficit			(56,643	)			(207,930	)
Total liabilities and stockholders’ deficit		$	490,551			$	296,280

See notes to condensed financial statements

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See notes to condensed financial statements

5

Table of Contents

Integrated Ventures, Inc.
(formerly EMS Find, Inc.)
Condensed Statements of Cash Flows
(Unaudited)
		Three Months Ended September 30,
		2017				2016
Cash flows from operating activities:
Net loss		$	(226,596	)		$	(186,477	)
Adjustments to reconcile net loss to net cash used in operating activities:
Stock-based compensation			9,000				643,950
Amortization of debt discount			49,205				74,980
Amortization of original issue discount			1,347				15,843
Change in fair value of derivative liability			71,835				(781,317	)
Loss on extinguishment of debt			271,735				115,274
Financing fees related to notes payable			31,858				7,035
Realized gain on sale of marketable securities			(281,223	)			-
Unrealized gain on marketable securities			(61,111	)			-
Changes in assets and liabilities:
Prepaid expenses			2,500				-
Accounts payable			4,484				30,656
Due to related party			(15,194	)			1,000
Accrued expenses			(3,501	)			380
Checks written in excess of cash balance			-				(11,695	)
Net cash used in operating activities			(145,661	)			(90,371	)
Cash flows from investing activities:
Net proceeds from the sale of marketable securities			551,800				-
Increase in notes receivable			(49,880	)			-
Purchase of property and equipment			(281,757	)			-
Net cash provided by investing activities			220,163				-
Cash flows from financing activities:
Proceeds from convertible notes payable			-				99,666
Net cash provided by financing activities			-				99,666
Net increase in cash			74,502				9,295
Cash, beginning of period			15,691				1,974
Cash, end of period		$	90,193			$	11,269
Supplemental disclosure of cash flow information:
Cash paid for interest		$	-			$	-
Cash paid for income taxes			-				-
Non-cash investing and financing activities:
Shares issued for convertible notes payable		$	353,258			$	53,500
Shares issued for due to related party			15,625				37,500
Debt discount for derivative liability			47,617				-
Accrued interest for notes payable			1,117				-
Marketable securities for conversion of notes receivable			66,850				-

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See notes to condensed financial statements

67

Table of Contents

Integrated Ventures, Inc.

(formerly EMS Find, Inc.)

Notes to Condensed Financial Statements

ThreeSix Months Ended September 30,December 31, 2017

(Unaudited)

1. ORGANIZATION AND SUMMARYBASIS OF SIGNIFICANT ACCOUNTING POLICIESPRESENTATION

Organization and Nature of Business

EMS Find, Inc. (“EMSF,” “the "Company," "we," "our," or "us") was incorporated in the State of Nevada on March 22, 2011, under the name of Lightcollar, Inc. On March 20, 2015, the Company amended its articles of incorporation and changed its name from Lightcollar, Inc. to EMS Find, Inc. On May 30, 2017, Integrated Ventures, Inc. (“INTV,” a Nevada corporation, was formed as a wholly owned subsidiary of EMSF. Pursuant to an Agreement and Plan of Merger dated May 30, 2017, INTV was merged into EMSF, with the Company being the surviving corporation and changing its name to Integrated Ventures, Inc. Our corporate office is located in Bucks County, Pennsylvania.

The Company is focused onhas discontinued its prior operations and changed its business focus, from its prior technologies relating to the EMS Find platform to acquiring, launching and operating companies primarily in the technology, mobile applicationscryptocurrency sector, mainly in digital currency mining, equipment manufacturing, and healthcare transportation sectors.sales of branded mining rigs, as well as blockchain software development.

The Company is in the process of developing and acquiring a diverse portfolio of digital currency assets and block chain technologies, and recently completed a significant purchase of digital asset mining equipment. Upon timely deliverythe installation, setup and full deployment of thecrypto-currency mining equipment including installationin its first location in Pennsylvania. Crypto-currency mining revenues commenced in November 2017. Crypto-currencies are a medium of exchange that uses decentralized control (a block chain) as opposed to a central bank to track and setup, thevalidate transactions. The Company, through a newly formedits wholly owned subsidiary, BitcoLab, Inc., will focus on growing its capacityis currently mining Bitcoin, Litecoin and Ethereum, whereby the Company earns revenue by solving “blocks” to be added to the block chain. The installation and setup of crypto-currency mining equipment is nearing completion in the digital asset mining sector.Company’s second location in Pennsylvania.

On August 21, 2017, the Board of Directors of the Company approved a 1-for-50 reverse split of the Company’s common shares, which through approval of FINRA was effective September 21, 2017. The reverse split has been given retroactive effect in the condensed financial statements for all periods presented.

Basis of Presentation

The accompanying unaudited condensed financial statements of the Company have been prepared in accordance with U.S. generally accepted accounting principles ("US GAAP") for interim financial information and the instructions to Form 10-Q and Article 8 of Regulation S-X. The results of operations for the interim periodperiods ended September 30,December 31, 2017 shown in this report are not necessarily indicative of results to be expected for the full fiscal year ending June 30, 2018. In the opinion of the Company's management, the information contained herein reflects all adjustments (consisting of normal recurring adjustments) necessary for a fair presentation of the Company's results of operations, financial position and cash flows. The unaudited interim financial statements should be read in conjunction with the audited financial statements in the Company's Annual Report on Form 10-K for the year ended June 30, 2017 filed on September 14, 2017 and Management's Discussion and Analysis of Financial Condition and Results of Operations.

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The significant accounting policies of the Company are disclosed in Notes to Financial Statements included in the Company’s Annual Report on Form 10-K. The following summary of significant accounting policies of the Company is presented to assist in understanding the Company’s interim financial statements. These accounting policies conform to accounting principles generally accepted in the United States of America and have been consistently applied in the preparation of the financial statements.

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Integrated Ventures, Inc.

(formerly EMS Find, Inc.)

Notes to Condensed Financial Statements

Six Months Ended December 31, 2017

(Unaudited)

Use of Estimates

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

Cash and Cash EquivalentsDigital Currencies

Digital currencies, generally received as compensation for crypto-currency mining services, are stated a fair value based on quoted market prices. The Company maintains cash balancesdigital currencies are revalued at every reporting period with changes in non-interest-bearing accounts that currently do not exceed federally insured limits. For the purpose offair value during the period recorded as unrealized gains or losses in other income (expense) in the statements of cash flows, all highly liquid investments with an original maturityoperations. Realized gains on the sale of three months or lessdigital currencies are considered to be cash equivalents. The Company had cash balancesincluded in other income (expense) in the statements of $90,193 and $15,691 as of September 30, 2017 and June 30, 2017, respectively.operations.

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Inventories

Integrated Ventures, Inc.

(formerly EMS Find, Inc.)

Notes to Condensed Financial Statements

Three Months Ended September 30,Inventories at December 31, 2017

(Unaudited) consist of crypto-currency mining units held for sale and are stated at the lower of cost or estimated realizable value.

Marketable Securities

The marketable security investments of the Company include common shares of Viva Entertainment Group, Inc. (“Viva Entertainment”) received in the conversion of a convertible note receivable from Viva Entertainment. These marketableMarketable securities are included in current assets in the balance sheet, are classified as trading securities, and reported at fair value based on quoted market prices. Changes in the fair value of the investments during the period are recorded as unrealized gains or losses in other income (expense) in the statements of operations. Realized gains on the sale of marketable securities are included in other income (expense) in the statements of operations.

Property and Equipment

Property and equipment, consisting primarily of computer and other crypto-currency mining equipment, is stated at cost and at September 30, 2017, consists of computer and other equipment purchased for digital currency mining operations. The equipment will beis depreciated when placed into service using the straight-line method over itsa five-year estimated service life. Maintenance and repairs are expensed as incurred and improvements are capitalized. Gains or losses on the disposition of property and equipment are recorded upon disposal.

Accounting for Derivatives

The Company evaluates its convertible debt, options, warrants or other contracts to determine if those contracts or embedded components of those contracts qualify as derivatives to be separately accounted for. The result of this accounting treatment is that under certain circumstances the fair value of the derivative is marked-to-market each balance sheet date and recorded as a liability. In the event that the fair value is recorded as a liability, the change in fair value is recorded in the statement of operations as other income or expense. Upon conversion or exercise of a derivative instrument, the instrument is marked to fair value at the conversion date and then that fair value is reclassified to equity. Equity instruments that are initially classified as equity that become subject to reclassification under this accounting standard are reclassified to liability at the fair value of the instrument on the reclassification date.

 

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Integrated Ventures, Inc.

(formerly EMS Find, Inc.)

Notes to Condensed Financial Statements

Six Months Ended December 31, 2017

(Unaudited)

We estimate the fair value of the derivatives associated with our convertible notes payable and warrants using the Black-Scholes pricing model.model and multinomial lattice models that value the derivative liability based on a probability weighted discounted cash flow model using future projections of the various potential outcomes. We estimate the fair value of the derivative liabilities at the inception of the financial instruments, and, in the case of our convertible notes payable, at the date of conversions to equity and at each reporting date, recording a derivative liability, debt discount, additional paid-in capital and a gain or loss on change in derivative liabilities as applicable. These estimates are based on multiple inputs, including the market price of our stock, interest rates, our stock price volatility, variable conversion prices based on market prices as defined in the respective agreements and probabilities of certain outcomes based on management projections. These inputs are subject to significant changes from period to period and to management’s judgment; therefore, the estimated fair value of the derivative liabilities will fluctuate from period to period, and the fluctuation may be material.

Impairment of Long-Lived Assets

The Company accounts for long-lived assets in accordance with the provisions of Statement of Financial Accounting Standards ASC 360-10, "Accounting for the Impairment or Disposal of Long-Lived Assets". This statement requires that long-lived assets and certain identifiable intangibles be reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to future undiscounted net cash flows expected to be generated by the asset. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets. Assets to be disposed of are reported at the lower of the carrying amount or fair value less costs to sell.

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Integrated Ventures, Inc.

(formerly EMS Find, Inc.)

Notes to Condensed Financial Statements

Three Months Ended September 30, 2017

(Unaudited)

Stock-Based Compensation

The Company accounts for stock-based instruments issued to employeesall equity based payments in accordance with ASC Topic 718.718, “Compensation – Stock Compensation.” ASC Topic 718 requires companies to recognize in the statement of operations the grant-date fair value of stock awards, stock options, warrants and other equity based compensation issued to employees. The value of the portion of an award that is ultimately expected to vest is recognized as an expense over the requisite service periods using the straight-line attribution method. The Company accounts for non-employee share-based awards in accordance withfair value of a stock award is recorded at the measurement and recognition provisions ASC Topic 505-50.fair market value of a share of the Company’s stock on the grant date. The Company estimates the fair value of stock options and warrants at the grant date by using an appropriate fair value model such as the Black-Scholes option-pricing model.

The Company accounts for non-employee share-based awards based upon ASC 505-50, "Equity-Based Payments to Non-Employees." ASC 505-50 requires the costs of goods and services received in exchange for an award of equity instruments to be recognized using the fair value of the goods and servicesoption pricing model or the fair value of the equity award, whichever is more reliably measurable. The fair value of the equity award is determined on the measurement date, which is the earlier of the date that a performance commitment is reached or the date that performance is complete. Generally, our awards do not entail performance commitments. When an award vests over time such that performance occurs over multiple reporting periods, we estimate the fair value of the award as of the end of each reporting period and recognize an appropriate portion of the cost based on the fair value on that date. When the award vests, we adjust the cost previously recognized so that the cost ultimately recognized is equivalent to the fair value on the date the performance is complete.multinomial lattice models.

Revenue Recognition

Revenue is recognized when: (i) persuasive evidence of a sales arrangement exists, (ii) the sales terms are fixed or determinable, (iii) title and risk of loss have transferred, and (iv) collectability is reasonably assured — generally when products are shipped to the customer and services are rendered, except in situations in which title passes upon receiptrendered. Our revenues currently consist of crypto currency mining revenues and revenues from the products by the customer. In this case, revenues are recognized upon services rendered.

Income Taxessale of crypto-currency mining equipment.

The Company adoptedearns its crypto-currency mining revenues by providing transaction verification services within the provisionsdigital currency networks of ASC 740-10, “Accountingcrypto-currencies, such as Bitcoin, Litecoin and Ethereum. In consideration for Uncertain Income Tax Positions.” When tax returnsthese services, the Company receives digital currency Coins. The Coins are filed, it is highly certain that some positions taken would be sustained upon examination byrecorded as revenue, using the taxing authorities, while others are subject to uncertainty about the meritsspot price of the position taken orcurrencies on the amountdate of the position that would be ultimately sustained. In accordance with the guidance of ASC 740-10, the benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions. Tax positions that meet the more-likely-than-not recognition threshold are measured as the largest amount of tax benefit that is more than 50 percent likely of being realized upon settlement with the applicable taxing authority. The portion of the benefitsreceipt. Expenses associated with tax positions taken that exceedsrunning the amount measuredcrypto-currency mining operations, such as described above should be reflectedequipment depreciation, rent, operating supplies, rent, utilities and monitoring services are recorded as a liability for unrecognized tax benefits in the accompanying balance sheets along with any associated interest and penalties that would be payable to the taxing authorities upon examination. The Company believes its tax positions are all highly certaincost of being upheld upon examination. As such, the Company has not recorded a liability for unrecognized tax benefits. As of September 30, 2017, tax years 2015 and 2016 remain open for IRS audit. The Company has received no notice of audit from the IRS for any of the open tax years.

The Company adopted ASC 740-10, “Definition of Settlement in FASB Interpretation No. 48,” (“ASC 740-10”), which was issued on May 2, 2007. ASC 740-10 amends FIN 48 to provide guidance on how an entity should determine whether a tax position is effectively settled for the purpose of recognizing previously unrecognized tax benefits. The term “effectively settled” replaces the term “ultimately settled” when used to describe recognition, and the terms “settlement” or “settled” replace the terms “ultimate settlement” or “ultimately settled” when used to describe measurement of a tax position under ASC 740-10. ASC 740-10 clarifies that a tax position can be effectively settled upon the completion of an examination by a taxing authority without being legally extinguished. For tax positions considered effectively settled, an entity would recognize the full amount of tax benefit, even if the tax position is not considered more likely than not to be sustained based solely on the basis of its technical merits and the statute of limitations remains open. The adoption of ASC 740-10 did not have an impact on the accompanying financial statements.

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Integrated Ventures, Inc.

(formerly EMS Find, Inc.)

Notes to Condensed Financial Statements

Three Months Ended September 30, 2017

(Unaudited)revenues.

Income (Loss) Per Share

Basic net income or loss per share is calculated by dividing net income or loss by the weighted average number of common shares outstanding for the period. Diluted income or loss per share reflects the potential dilution that could occur if securities or other contracts to issue common stock, such as “in-the-money” stock options and warrants, convertible debt and convertible preferred stock, were exercised or converted into common stock. Equivalent shares are not utilized when the effect is anti-dilutive.

As of September 30,December 31, 2017, common stock equivalent shares which may dilute future earnings per share include 2,581,621112,558 common shares issuable upon conversion of convertible notes payable, 615,7101,200 common shares issuable upon exercise of warrants, and 15,000,00023,250,000 common shares issuable upon conversion of Series B Preferred Stock. As of September 30, 2017,For all periods presented, potential dilutive securities had an anti-dilutive effect and were not included in the calculation of diluted net loss per common share; therefore, basic net loss per share is the same as diluted net loss per share.

Fair Value of Financial Instruments

Disclosures about fair value of financial instruments require disclosure of the fair value information, whether or not recognized in the balance sheet, where it is practicable to estimate that value. As of September 30,December 31, 2017 and June 30, 2017, the amounts reported for cash, noteaccounts receivable and prepaid expenses and other current assets, accounts payable, accrued interest receivable,expenses, note payable accounts payable,and due to related party and accrued expenses approximate fair value because of their short maturities.

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Integrated Ventures, Inc.

(formerly EMS Find, Inc.)

Notes to Condensed Financial Statements

Six Months Ended December 31, 2017

(Unaudited)

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. ASC Topic 820 established a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1measurements) and the lowest priority to unobservable inputs (level 3 measurements). These tiers include:

·	·	Level 1, defined as observable inputs such as quoted prices for identical instruments in active markets;
·	·	Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable such as quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active; and
·	·	Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable.

Our digital currencies and marketable securities are measured at fair value on a recurring basis and estimated as follows:

Our derivative liabilities are measured at fair value on a recurring basis and estimated as follows:

During the six months ended December 31, 2017, the Company had the following activity in its derivative liabilities:

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Integrated Ventures, Inc.

(formerly EMS Find, Inc.)

Notes to Condensed Financial Statements

ThreeSix Months Ended September 30,December 31, 2017

(Unaudited)

Our marketable securities are measured at fair value on a recurring basis and estimated as follows:

		Total				Level 1				Level 2				Level 3
September 30, 2017:
Marketable securities		$	112,901			$	112,901			$	-			$	-
Total assets measured at fair value		$	112,901			$	112,901			$	-			$	-
June 30, 2017:
Marketable securities		$	253,998			$	253,998			$	-			$	-
Total assets measured at fair value		$	253,998			$	253,998			$	-			$	-

Our derivative liabilities are measured at fair value on a recurring basis and estimated as follows:

		Total				Level 1				Level 2				Level 3
September 30, 2017:
Derivative liabilities		$	226,731			$	-			$	-			$	226,731
Total liabilities measured at fair value		$	226,731			$	-			$	-			$	226,731
June 30, 2017:
Derivative liabilities		$	1,208,414			$	-			$	-			$	1,208,414
Total liabilities measured at fair value		$	1,208,414			$	-			$	-			$	1,208,414

During the three months ended September 30, 2017, the Company had the following activity in its derivative liability:

Derivative liability at June 30, 2017		$	226,731
Addition to liability for new debt issued			47,617
Change in fair value			71,835
Derivative liability at September 30, 2017		$	346,183

Recently Issued Accounting Pronouncements

In July 2017, the FASB issued Accounting Standards Update ("ASU") 2017-11, "Earnings Per Share (Topic 260), Distinguishing Liabilities from Equity (Topic 480) and Derivatives and Hedging (Topic 815): I. Accounting for Certain Financial Instruments with Down Round Features; II. Replacement of the Indefinite Deferral for Mandatorily Redeemable Financial Instruments of Certain Nonpublic Entities and Certain Mandatorily Redeemable Non-controlling Interests with a Scope Exception." Part I of this update addresses the complexity of accounting for certain financial instruments with down round features. Down round features are features of certain equity-linked instruments (or embedded features) that result in the strike price being reduced on the basis of the pricing of future equity offerings. Current accounting guidance creates cost and complexity for entities that issue financial instruments (such as warrants and convertible instruments) with down round features that require fair value measurement of the entire instrument or conversion option. Part II of this update addresses the difficulty of navigating Topic 480, "Distinguishing Liabilities from Equity," because of the existence of extensive pending content in the FASB Accounting Standards Codification. This pending content is the result of the indefinite deferral of accounting requirements about mandatorily redeemable financial instruments of certain nonpublic entities and certain mandatorily redeemable non-controlling interests. The amendments in Part II of this update do not have an accounting effect. This ASU is effective for fiscal years, and interim periods within those years, beginning after December 15, 2018. The Company is currently unable to determine the impact on its consolidated financial statements of the adoption of this new accounting pronouncement.

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Integrated Ventures, Inc.

(formerly EMS Find, Inc.)

Notes to Condensed Financial Statements

Three Months Ended September 30, 2017

(Unaudited)

Although there are several other new accounting pronouncements issued or proposed by the FASB, which the Company has adopted or will adopt, as applicable, the Company does not believe any of these accounting pronouncements has had or will have a material impact on its financial position or results of operations.

Reclassifications

Certain amounts in the condensed financial statements for the three months ended September 30, 2016prior-year periods have been reclassified to conform to the presentation for the three months ended September 30, 2017.current-year periods.

2.3. GOING CONCERN

The Company has not generated any revenues, hasreported recurring net losses, had a working capital deficiency as of September 30,December 31, 2017 of $339,100,$13,109, and used net cash in operations of $145,661 and $90,371 for$263,727 in the threesix months ended September 30, 2017 and 2016, respectively. In addition, as of September 30, 2017, the Company had an accumulated deficit of $5,053,478.December 31, 2017. These conditions raise substantial doubt about the Company's ability to continue as a going concern.

The accompanying financial statements have been prepared in conformity with U.S. GAAP, which contemplate continuation of the Company as a going concern and the realization of assets and satisfaction of liabilities in the normal course of business. The ability of the Company to continue itsreach a successful level of operations is dependent on the execution of management's plans, which include the raising of capital through the debt and/or equity markets, until such time that funds provided by operations are sufficient to fund working capital requirements. If the Company were not to continue as a going concern, it would likely not be able to realize its assets at values comparable to the carrying value or the fair value estimates reflected in the balances set out in the preparation of the financial statements.

There can be no assurances that the Company will be successful in attaining a profitable level of operations or in generating additional cash from the equity/debt markets or other sources to be used forfund its operations. The financial statements do not include any adjustments relating to the recoverability of assets and classification of assets and liabilities that might be necessary. Based on the Company's current resources, the Company will not be able to continue to operate without additional immediate funding. Should the Company not be successful in its business plan or in obtaining the necessary financing to fund its operations, the Company would need to curtail certain or all operational activities and/or contemplate the sale of its assets, if necessary.

3.

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Integrated Ventures, Inc.

(formerly EMS Find, Inc.)

Notes to Condensed Financial Statements

Six Months Ended December 31, 2017

(Unaudited)

4. NOTE RECEIVABLE AND MARKETABLE SECURITIES

On April 6, 2016, the Company completed the sale of its subsidiary, Viva Entertainment, to Black River Petroleum Corp., a Nevada publicly-traded company (“Black River”), at a closing where, in exchange for all sale of all of the outstanding shares of Viva Entertainment, Black River issued to the Company its 10% (15% default rate) promissory note in the principal amount of $100,000, due December 31, 2016 (the “Viva Note”). The Company gave no effect to the Viva Note in its financial statements, pending collection of the note and completion of the transaction. We discontinued consolidation of the accounts of Viva Entertainment effective April 6, 2016.

On February 27, 2017, the Viva Note was in default and no repayments to the Company had been made. On that date, the parties entered into an addendum to the Viva Note, establishing the principal amount at $100,000 and accrued interest at $6,000. Terms of the Viva Note were also amended to allow the Company to convert the unpaid principal and interest into common shares of Viva Entertainment using a Variable Conversion Price equal to 50% of the lowest one day Trading Price for the Viva Entertainment common stock during the twenty Trading Day period ending on the last complete Trading Day prior to the Conversion Date. Effective February 27, 2017, the Company recognized a gain of $106,000 on the April 6, 2016 sale of its investment in Viva Entertainment and recorded a note receivable of $100,000 and accrued interest receivable of $3,000.

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Integrated Ventures, Inc.

(formerly EMS Find, Inc.)

Notes to Condensed Financial Statements

Three Months Ended September 30, 2017

(Unaudited)

On April 4, 2017, the Company and Global Opportunity Group LLC (“Global”), a lender, entered into a Purchase, Exchange and Escrow Agreement whereby the Company assigned $50,000 principal and $3,000 accrued interest of the Viva Note to Global in extinguishment of a convertible promissory note payable to Global dated March 28, 2017 with a principal balance of $18,150 and accrued interest payable of $35. The Company recognized a gain on extinguishment of debt of $34,815.

These common shares of Viva Entertainment were initially recorded at their cost basis, as determined by the principal balance of the Viva Note and accrued interest converted, and are classified as trading securities in the Company’s financial statements, and subsequently reported at fair value based on quoted market prices. Changes in the fair value of the marketable securities are recorded as unrealized gains or losses in other (income) expenseincome (expense) in the statements of operations. Realized gains on the sale of marketable securities are included in other (income) expenseincome (expense) in the statements of operations.

Pursuant to multiple conversions during April 2017 through June 2017, the Company converted $33,128 principal of the Viva Note and $2,205 accrued interest payable into a total of 173,809,000 common shares of Viva Entertainment. As of June 30, 2017, the Viva Note had a principal balance of $16,872 and accrued interest of $1,519 outstanding. As of June 30, 2017, the Company held a total of 86,000,000 common shares of Viva Entertainment, recorded at market value of $253,998.

On July 20, 2017, the Company converted $16,850 principal of the Viva Note into a total of 84,250,000 common shares of Viva Entertainment.

During July 2017, the Company sold a total of 170,250,000 common shares of Viva Entertainment, with net proceeds of $551,800, and recorded a realized gain on sale of marketable securities of $281,223 for the three months ended September 30, 2017.

In July and August 2017, the Company advanced a total of $49,880 cash to Viva Entertainment pursuant to a new convertible note receivable dated July 5, 2017 (the “July 2017 Viva Note”). On August 1, 2017, the Company converted the remaining principal balance of the Viva Note of $22, the principal balance of the July 2017 Viva Note of $49,880 and accrued interest receivable of $98, for a total of $50,000, into 55,555,555 common shares of Viva Entertainment.

As of September 30, 2017, the Company held a total of 55,555,555 common shares of Viva Entertainment, recorded at market value of $112,901. The Company recorded total unrealized gains on marketable securities of $61,111 during the three months ended September 30, 2017. As of June 30, 2017, the Company held a total of 86,000,000 common shares of Viva Entertainment, recorded at market value of $253,998.

4. PROPERTY AND EQUIPMENT

Property and equipment consisted of the following at September 30, 2017:

Computer and related equipment		$	280,816
Leasehold improvements			941
Total		$	281,757

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Integrated Ventures, Inc.

(formerly EMS Find, Inc.)

Notes to Condensed Financial Statements

ThreeSix Months Ended September 30,December 31, 2017

(Unaudited)

On December 31, 2017, the Company and Global entered into a Purchase and Escrow Agreement whereby the Company sold 55,555,555 common shares of Viva to Global for the following consideration:

Derivative liabilities of $78,718 related to the convertible notes payable were also extinguished The Company recognized a realized gain on sale of investments of $82,162 in the transaction.

The accounts receivable of $15,000 was collected in January 2018.

At December 31, 2017, marketable securities consisted of funds held in a brokerage account of $1,760

5. PROPERTY AND EQUIPMENT

Property and equipment consisted of the following at December 31, 2017:

6. RELATED PARTY TRANSACTIONS

On July 29, 2017, the Board of Directors of the Company established annual compensation for Steve Rubakh of $125,000 per year, effective July 1, 2017. In addition, Steve Rubakh will receive 30,000receives shares of Series B Preferred Stock on a quarterly basis. For the three months ended September 30, 2017, the Company authorized the issuance of 30,000 shares of Series B preferred stock, and stock-based compensation valued at $9,000 was recorded. For the three months ended December 31, 2017, the Company authorized the issuance of 40,000 shares of Series B preferred stock, and stock-based compensation valued at $400,000 was recorded.

On August 31, 2017, Steve Rubakh converted accrued compensation of $15,625 into 347,222 common shares of the Company.

As of September 30,December 31, 2017 and June 30, 2017, amounts due to related party totaled $5,022$993 and $20,216, respectively.

6. CONVERTIBLE NOTES PAYABLE

Notes payable, all classified as current, consist of the following:

		September 30, 2017																June 30, 2017
										Original																Original
						Debt				Issue												Debt				Issue
		Principal				Discount				Discount				Net				Principal				Discount				Discount				Net
Note Payable
LG Capital Funding, LLC		$	125,000			$	-			$	-			$	125,000			$	125,000			$	-			$	-			$	125,000
Convertible Notes Payable
Global Opportunity Group, LLC		$	16,500			$	(12,306	)		$	-			$	4,194			$	-			$	-			$	-			$	-
Global Opportunity Group, LLC			20,000				(15,061	)			-				4,939				-				-				-				-
A1 Solar Corp.			11,117				(10,660	)							457				-				-				-				-
River North Equity, LLC			-				-				-				-				4,660				-				-				4,660
Global Opportunity Group, LLC			-				-				-				-				18,700				(2,878	)			(722	)			15,100
EMA Financial, LLC			-				-				-				-				8,916				(2,394	)			-				6,522
GPL Ventures, LLC			-				-				-				-				10,000				(613	)			-				9,387
Global Opportunity Group, LLC			-				-				-				-				10,000				(6,247	)			(625	)			3,128
Howard Schraub			-				-				-				-				16,500				(12,250	)			-				4,250
Howard Schraub			-				-				-				-				20,000				(15,233	)			-				4,767
Total		$	47,617			$	(38,027	)		$	-			$	9,590			$	88,776			$	(39,615	)		$	(1,347	)		$	47,814