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

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

INTEGRATED VENTURES, INC.

~~(formerly EMS Find, Inc.)~~

(Exact Name of Registrant as Specified in Its charter)

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. Yes x☒ No o

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

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or such shorter period that the registrant was required to submit such files. Yes ☒ No ☐.

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 o☐ No x☒

The number of shares outstanding of the issuer’s common stock, $0.001 par value per share, was ~~8,501,203~~121,898,621 as of ~~February 14, 2018.~~November 13, 2020.

~~EMS Find,~~Integrated Ventures, Inc. ~~(“EMSF,” “the~~(the "Company," "we," "our," or ~~"us"~~"EMS Find") was incorporated in the State of Nevada on March 22, 2011, under the name of Lightcollar, ~~Inc. On~~Inc.On March 20, 2015, the Company amended its articles of incorporation and changed its name from Lightcollar, Inc. to EMS Find, ~~Inc. On~~Inc.On May 30, 2017, Integrated Ventures, Inc. (“~~INTV,”~~Integrated Ventures”), a Nevada corporation, was formed as a wholly owned subsidiary of ~~EMSF. Pursuant~~the Company.Pursuant to an Agreement and Plan of Merger dated May 30, 2017, ~~INTV~~Integrated Ventures was merged into ~~EMSF,~~the Company, 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 has 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 in the cryptocurrency sector, mainly in digital currency mining, equipment manufacturing, and 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 the installation, setup and deployment of crypto-currency mining equipment in its first location in Pennsylvania. Crypto-currency mining revenues commenced in November 2017. Crypto-currenciestechnologies. Cryptocurrencies are a medium of exchange that uses decentralized control (a block chain) as opposed to a central bank to track and validate transactions. The Company ~~through its wholly owned subsidiary, BitcoLab, Inc.,~~ is 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 Company’s second location in Pennsylvania.~~chain.The Company also purchases certain digital currencies for short-term investment purposes.

~~On August 21, 2017, the Board of Directors of~~In May 2019, the Company ~~approved~~consolidated all of its mining operations and signed 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.power supply and purchase agreement with PetaWatt Properties, LLC.

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 periods ended ~~December 31, 2017~~September 30, 2020 shown in this report are not necessarily indicative of results to be expected for the full fiscal year ending June 30, ~~2018.~~2021. 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~~2020 filed on September ~~14, 2017~~23, 2020 and Management's Discussion and Analysis of Financial Condition and Results of Operations.

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.

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~~period.Because of the use of estimates inherent in the financial reporting process, actual results could differ significantly from those estimates.

Digital currencies consist of Bitcoin, Litecoin and Ethereum, generally received for the Company’s own account as compensation for ~~crypto-currency~~cryptocurrency mining services, ~~are stated a fair value based on quoted market prices. The~~and Chainlink and other digital currencies ~~are revalued at every reporting~~purchased for short-term investment purposes.Given that there is limited precedent regarding the classification and measurement of cryptocurrencies under current Generally Accepted Accounting Principles (“GAAP”), the Company has determined to account for these digital currencies as indefinite-lived intangible assets in accordance with Accounting Standards Update ("ASU") No. 350, Intangibles – Goodwill and Other, for the period covered by this report and in future reports unless and until further guidance is issued by the Financial Accounting Standards Board (“FASB”).An intangible asset with an indefinite useful life is not amortized but assessed for impairment annually, or more frequently, when events or changes in circumstances occur indicating that it is more likely than not that the indefinite-lived asset is impaired.Impairment exists when the carrying amount exceeds its fair ~~value during~~value.In testing for impairment, the ~~period recorded as unrealized~~Company has the option to first perform a qualitative assessment to determine whether it is more likely than not than an impairment exists.If it is determined that it is more likely than not that an impairment exists, a quantitative impairment test is not necessary.If the Company concludes otherwise, it is required to perform a quantitative impairment test.To the extent an impairment loss is recognized, the loss establishes the new cost basis of the asset.Subsequent reversal of impairment losses is not permitted.Realized gains or losses ~~in other income (expense) in the statements of operations. Realized gains~~ on the sale of digital currencies, net of transaction costs, are included in other income (expense) in the statements of operations.

~~Inventories at December 31, 2017 consist of crypto-currency mining units held for sale and are stated at the lower of cost or estimated realizable value.~~

~~Marketable securities 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~~digital currencies during the period are recorded as unrealized gains or losses in other income (expense) in the statements of ~~operations. Realized gains~~operations.As of September 30, 2020, the Company’s cost basis of digital currencies exceeded the market value by $2,521, which amount is recorded as unrealized loss on ~~the sale of marketable securities are included in other income (expense) in the statements of operations.~~investments.

Property and equipment, consisting primarily of computer and other ~~crypto-currency~~cryptocurrency mining equipment (transaction verification servers), is stated at the lower of cost or estimated realizable value and is depreciated when placed into service using the straight-line method over estimated useful lives. The Company operates in an emerging industry for which limited data is available to make estimates of the useful economic lives of specialized equipment. Management has assessed the basis of depreciation of these assets and believes they should be depreciated over a ~~five-year estimated service life.~~three-year period due to technological obsolescence reflecting rapid development of hardware that has faster processing capacity and other factors. 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~~ During the three months ended September 30, 2020, the Company discontinued the use of damaged or non-serviceable mining equipment and wrote off its net book value of $207,281 to loss on disposition of property and equipment.

Management has determined that the three-year diminishing value best reflects the current expected useful life of transaction verification servers. This assessment takes into consideration the availability of historical data and management’s expectations regarding the direction of the industry including potential changes in technology. Management will review this estimate annually and will revise such estimates as and when data becomes available.

To the extent that any of the assumptions underlying management’s estimate of useful life of its transaction verification servers are subject to revision in a future reporting period, either as a result of changes in circumstances or through the availability of greater quantities of data, then the estimated useful life could change and have a prospective impact on depreciation expense and the carrying amounts of these assets.

Payments to equipment suppliers prior to shipment of the equipment are recorded as equipment deposits.

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.

~~Notes~~Where the number of warrants or common shares to ~~Condensed Financial Statements~~

~~(Unaudited)~~be issued under these agreements is indeterminate, the Company has concluded that the equity environment is tainted, and all additional warrants and convertible debt are included in the value of the derivatives.

We estimate the fair value of the derivatives associated with our convertible notes payable, common stock issuable pursuant to a Series B preferred stock Exchange Agreement and ~~warrants~~a stock subscription payable using, as applicable, either the Black-Scholes pricing model ~~and~~or 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~~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.

All assets, including intangible assets subject to amortization, are reviewed for impairment when changes in circumstances indicate that the carrying amount of the asset may not be recoverable in accordance with ASC 350 and ASC 360. If the carrying amount of the asset exceeds the expected undiscounted cash flows of the asset, an impairment charge is recognized equal to the amount by which the carrying amount exceeds fair value or net realizable value. The testing of these intangibles under established guidelines for impairment requires significant use of judgment and assumptions. Changes in forecasted operations and other assumptions could materially affect the estimated fair values. Changes in business conditions could potentially require adjustments to these asset valuations. We reported no impairment expense for the three months ended September 30, 2020 and 2019.

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, 2020 and June 30, 2020, the amounts reported for cash, prepaid expenses and other current assets, accounts payable, accrued expenses, due to related party and notes payable approximate fair value because of their short maturities.

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:

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

The Company accounts for all ~~equity based~~equity-based payments in accordance with ASC Topic 718, ~~“Compensation~~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~~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 fair value of a stock award is recorded at the 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 or multinomial lattice models.

~~Revenue Recognition~~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 services 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.

Effective July 1, 2018, we adopted ASC 606, Revenue from Contracts with Customers, as amended, using the modified retrospective method, which requires the cumulative effect of adoption to be recognized as an adjustment to opening retained earnings in the period of adoption. There was no cumulative effect of adopting the new standard and no impact on our financial statements. The new standard provides a single comprehensive model to be used in the accounting for revenue arising from contracts with customers and supersedes current revenue recognition guidance, including industry-specific guidance. The standard’s stated core principle is ~~recognized when: (i) persuasive evidence~~that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve this core principle, ASC 606 includes provisions within a ~~sales arrangement exists, (ii)~~five-step model that includes identifying 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~~contract with a customer, identifying the performance obligations in the contract, determining the transaction price, allocating the transaction price to the ~~customer~~performance obligations, and ~~services are rendered.~~ recognizing revenue when, or as, an entity satisfies a performance obligation.

Our revenues currently consist of ~~crypto currency~~cryptocurrency mining revenues and revenues from the sale of ~~crypto-currency~~cryptocurrency mining ~~equipment.~~equipment recognized in accordance with ASC 606 as discussed above. Amounts collected from customers prior to shipment of products are recorded as deferred revenue.

The Company earns its ~~crypto-currency~~cryptocurrency mining revenues by providing transaction verification services within the digital currency networks of ~~crypto-currencies,~~cryptocurrencies, such as Bitcoin ~~Litecoin~~ and Ethereum. The Company satisfies its performance obligation at the point in time that the Company is awarded a unit of digital currency through its participation in the applicable network and network participants benefit from the Company’s verification service. In consideration for these services, the Company receives digital ~~currency Coins. The Coins~~currencies, which are recorded as revenue using the ~~spot~~closing U.S. dollar price of the ~~currencies~~related cryptocurrency on the date of receipt. Expenses associated with running the ~~crypto-currency~~cryptocurrency mining operations, such as equipment depreciation, rent, operating supplies, rent, utilities and monitoring services are recorded as cost of revenues.

There is currently no specific definitive guidance in GAAP or alternative accounting frameworks for the accounting for the production and mining of digital currencies and management has exercised significant judgment in determining appropriate accounting treatment for the recognition of revenue for mining of digital currencies. Management has examined various factors surrounding the substance of the Company’s operations and the guidance in ASC 606, including identifying the transaction price, when performance obligations are satisfied, and collectability is reasonably assured being the completion and addition of a block to a blockchain and the award of a unit of digital currency to the Company. In the event authoritative guidance is enacted by the FASB, the Company may be required to change its policies which could result in a change in the Company’s financial statements.

The Company adopted the provisions of ASC 740-10, Accounting for Uncertain Income Tax Positions. When tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount 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 benefits associated with tax positions taken that exceeds the amount measured as described above should be reflected 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 certain of being upheld upon examination. As such, the Company has not recorded a liability for unrecognized tax benefits. As of September 30, 2020, tax years 2015 through 2020 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.

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 The common shares used in the computation of ~~December 31, 2017, common stock equivalent shares which may dilute future earnings~~basic and diluted net income (loss) per share include 112,558 common shares issuable upon conversion of convertible notes payable, 1,200 common shares issuable upon exercise of warrants, and 23,250,000 common shares issuable upon conversion of Series B Preferred Stock. 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.

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 December 31, 2017 and June 30, 2017, the amounts reported for cash, accounts receivable and prepaid expenses and other current assets, accounts payable, accrued expenses, note payable and due to related party approximate fair value because of their short maturities.

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:

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

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.

~~Although there are several other~~There were no new accounting pronouncements issued or proposed by the FASB during the three months ended September 30, 2020 and through the date of filing this report which the Company ~~has adopted or will adopt, as applicable, the Company does not believe any of these accounting pronouncements has had or~~believes will have a material impact on its financial ~~position or results of operations.~~financial statements.

Certain amounts in the condensed financial statements for the prior-year periods have been reclassified to conform to the presentation for the current-year periods.

The Company has reported recurring ~~net~~operating losses ~~had a working capital deficiency as of December 31, 2017 of $13,109,~~since its inception and used net cash in ~~operations~~operating activities of ~~$263,727~~$210,421 in the ~~six~~three months ended ~~December 31, 2017.~~September 30, 2020. As of September 30, 2020, the Company had an accumulated deficit of $22,453,760 and a total stockholders’ deficit of $252,218. 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 reach a successful level of operations is dependent on the execution of ~~management's~~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 fund 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. 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.

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.

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 (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.

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.

~~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:~~

				September 30, 2020			June 30, 2020
Crypto-currency mining equipment	$	272,474

Cryptocurrency mining equipment				$	666,545		$	1,242,397
Furniture and equipment		8,751			16,366			16,366
Leasehold improvements		29,607

Total		310,832			682,911			1,258,763
Less accumulated depreciation		(5,264	)

Less accumulated depreciation and amortization					(319,962	)		(805,421	)
Net	$	305,568		$	362,949		$	453,342

6.Depreciation and amortization expense, included in cost of revenues, was $110,572 and $144,612 for the three months ended September 30, 2020 and 2019, respectively.

~~On July 29, 2017,~~We have one executive officer, Steve Rubakh, who is currently our only full-time employee and sole member of our Board of Directors. Mr. Rubakh is paid an annual salary established by the Board of Directors and is issued shares of Series B preferred stock for additional compensation. The number of shares issued, generally on a quarterly basis, is at the discretion of the Board of Directors.

The Board of Directors of the Company ~~established~~has set the current annual compensation for Steve Rubakh to include annual salary of ~~$125,000~~$150,000 per year ~~effective July 1, 2017. In addition, Steve Rubakh receives~~and the issuance of shares of Series B ~~Preferred Stock on a quarterly basis. For~~preferred stock as determined by the Board. The Company recorded salary expense to Mr. Rubakh of $37,500 for the three months ended September 30, ~~2017, the Company authorized the issuance of 30,000~~2020 and 2019. No shares of Series B preferred stock ~~and stock-based compensation valued at $9,000 was recorded. For~~were issued to Mr. Rubakh during the three months ended ~~December 31, 2017, the Company authorized the issuance of 40,000 shares of Series B preferred stock,~~September 30, 2020 and ~~stock-based compensation valued at $400,000 was recorded.~~2019.

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

~~As of December 31, 2017 and June 30, 2017, amounts~~Amounts due to related party, consisting of accrued salary to Mr. Rubakh, totaled ~~$993~~$113,220 and ~~$20,216,~~$122,907 as of September 30, 2020 and 2019, respectively.

Current convertible notes payable ~~all classified as current,~~ consist of the following:

~~On October 22, 2015,~~In consideration for an agreement to limit conversions of a prior convertible note, the Company ~~entered into~~issued to Armada Investment Fund, LLC (“Armada”) a ~~Securities Purchase Agreement ("Purchase Agreement"), dated as of October 22, 2015, with LG Capital Funding, LLC ("LG"), pursuant to which the Company sold LG a~~fifth convertible promissory note in the principal amount of ~~$125,000 (the first~~$20,000. The note matures on November 1, 2020 and bears interest at 8%. A debt discount of ~~four such Convertible Notes each~~$8,082 was recorded, consisting of a derivative liability. Armada has the right beginning on the date that is 31 days following the date of the note to convert principal and accrued interest into shares of the Company’s common stock. The conversion price is 70% of the average of the five lowest trading prices (lowest bid prices) of the Company’s common stock during the fifteen trading days ending on the latest complete trading day prior to the date of conversion. During the three months ended September 30, 2020, Armada converted the entire principal of $20,000, accrued interest payable of $1,184 and conversion fees of $500 into common shares of the Company, extinguishing the debt in full. As of September 30, 2020, the debt discount had been amortized in full to interest expense.

On November 21, 2019, the Company entered into a sixth convertible promissory note with Armada in the principal amount of $125,000 provided for under the Purchase Agreement), bearing interest at the rate of 8% per annum (the "Convertible Note"). Each of the Convertible Notes issuable under the Purchase Agreement provides for a 15%$22,000, with an original issue discount ~~("OID"), such that the purchase price for each Convertible Note is $106,250,~~of $2,000. The note matures on November 21, 2020 and bears interest at ~~each closing LG is entitled to be paid $6,000 for legal and other expenses. The Convertible Note provides LG~~8%. A debt discount of $10,590 was recorded, including a derivative liability of $8,090. Armada has the right beginning on the date that is 31 days following the date of the note to convert ~~the outstanding balance, including~~principal and accrued ~~and unpaid~~ interest ~~of such Convertible Note~~ into shares of the ~~Company's~~Company’s common stock. The conversion price is 70% of the average of the five lowest trading prices (lowest bid prices) of the Company’s common stock ~~at a price ("Conversion Price") for each share~~during the fifteen trading days ending on the latest complete trading day prior to the date of conversion. During the three months ended September 30, 2020, Armada converted the entire principal of $22,000, accrued interest payable of $1,109 and conversion fees of $500 into common ~~stock equal to 80%~~shares of the ~~lowest trading price~~Company, extinguishing the debt in full. As of September 30, 2020, the common stock as reported on the National Quotations Bureau for the OTCQB exchange on which the Company's shares are traded or any exchange upon which the common stock may be traded in the future, for the twenty prior trading days including the day upon which a Notice of Conversion is received by the Company or its transfer agent. The Convertible Note was payable, along with interest thereon, on October 22, 2016 and was in default. The convertible note had an OID of 15%, which was recorded at $18,750 and which has been fully amortized. The Company recorded a debt discount ~~of $44,643, which has also~~had been ~~fully amortized.~~amortized in full to interest expense.

On October 14, 2016, the Supreme Court of the State of New York County of Kings, in regards to LG Capital Funding, LLC v. EMS Find, Inc., issued a judgment against EMS Find, Inc. in favor of LG Capital Funding, LLC, in the amount of $135,202, which includes principal and interest (calculated as of September 29, 2016), in regards to the convertible promissory note dated October 22, 2015. The judgment includes an Information Subpoena with Restraining Notice, which addressed the EMS Find, Inc. bank account at TD Bank. As a result of the judgment, the conversion feature of the note was eliminated and therefore, the associated derivative liability was extinguished. As of December ~~31, 2017, the debt has been recorded as a note payable of $125,000, a current liability in the balance sheet, and $26,301 of interest has been accrued.~~

~~On July 25, 2016, the Company entered into an equity purchase agreement with River North Equity, LLC (“River North”) for up to $2,000,000. On July 25, 2016,~~2, 2019, the Company entered into a fourth convertible promissory note with ~~River North for $33,333.~~BHP Capital NY, Inc. (“BHP”) in the principal amount of $66,000, with an original issue discount of $6,000. The ~~convertible promissory~~ note ~~had a maturity date of March 29, 2017~~matures on December 2, 2020 and bears interest at ~~10%~~8%. ~~The convertible promissory note provided for an OID of $3,333, a deduction of $4,000 for River North’s legal fees, and a~~A debt discount of ~~$33,333.~~$31,153 was recorded, including a derivative liability of $24,153. BHP has the right beginning on the date that is 31 days following the date of the note to convert principal and accrued interest into shares of the Company’s common stock. The conversion price is ~~the lower of 65%~~70% of the average of the three lowest ~~traded price for~~trading prices (lowest bid prices) of the ~~twenty consecutive~~Company’s common stock during the fifteen trading days ~~immediately preceding~~ending on the ~~applicable conversion date. On February 1, 2017, River North~~latest complete trading day prior to the date of conversion. During the three months ended September 30, 2020, BHP converted ~~$2,036~~the entire principal ~~and $1,744~~of $66,000, accrued interest payable of $3,467 and conversion fees of $1,000 into ~~52,878~~ common shares of the ~~Company.~~ Company, extinguishing the debt in full. As of September 30, 2020, the debt discount had been amortized in full to interest expense.

On ~~April~~February 20, ~~2017,~~2020, the Company ~~and River North~~ entered into a ~~Settlement Agreement & Mutual Release~~fifth convertible promissory note with ~~respect~~BHP in the principal amount of $83,333, with an original issue discount of $8,333. The note matures on November 20, 2020, and bears interest at 8%. A debt discount of $40,507 was recorded, including a derivative liability of $30,674. BHP has the right beginning on the date that is 31 days following the date of the note to ~~this note, resulting in penalties~~convert principal and accrued interest into shares of ~~$17,955 added~~the Company’s common stock. The conversion price is 70% of the average of the three lowest trading prices (lowest bid prices) of the Company’s common stock during the fifteen trading days ending on the latest complete trading day prior to the date of conversion. As of September 30, 2020, $32,967 of the debt discount had been amortized to interest expense and there was accrued interest payable of $4,073. The Company recorded a derivative liability of $36,140 as of September 30, 2020.

On March 4, 2020, the Company entered into a sixth convertible promissory note ~~principal to bring~~with BHP in the principal ~~balance~~amount of $60,500, with an original issue discount of $5,500. The note matures on March 4, 2021, and bears interest at 8%. A debt discount of $28,354 was recorded, including a derivative liability of $22,854. BHP has the right beginning on the date that is 31 days following the date of the note to ~~$49,252~~convert principal and ~~requiring~~accrued interest into shares of the Company’s common stock. The conversion price is 70% of the average of the five lowest trading prices (lowest bid prices) of the Company’s common stock during the fifteen trading days ending on the latest complete trading day prior to the date of conversion. As of September 30, 2020, $16,313 of the debt discount had been amortized to interest expense and there was accrued interest payable of $2,785. The Company recorded a ~~principal payment~~derivative liability of ~~$30,000, which payment was financed by~~$23,595 as of September 30, 2020.

On March 4, 2020, the ~~issuance of~~Company entered into a ~~new~~seventh convertible promissory note with Armada in the principal amount of $88,000, with an original issue discount of $8,000. The note matures on March 4, 2021, and bears interest at 8%. A debt discount of $41,408 was recorded, including a derivative liability of $33,408. Armada has the right beginning on the date that is 181 days following the date of the note to ~~Global. On June 2, 2017, River North~~convert principal and accrued interest into shares of the Company’s common stock. The conversion price is 70% of the average of the five lowest trading prices (lowest bid prices) of the Company’s common stock during the fifteen trading days ending on the latest complete trading day prior to the date of conversion. During the three months ended September 30, 2020, Armada converted ~~$14,592~~the principal of $56,000, accrued interest payable of $3,107 and conversion fees of $1,000 into ~~172,685~~ common shares of the Company, resulting in a principal balance of ~~$4,660~~$32,000 and accrued interest payable of $175 as of ~~June~~September 30, ~~2017.~~2020. As of ~~June~~September 30, ~~2017, the OID and~~2020, $38,504 of the debt discount had been ~~fully~~ amortized ~~and there was accrued~~to interest ~~payable of $1,236.~~expense. The Company recorded a derivative liability of ~~$12,535~~$13,213 as of ~~June~~September 30, 2017. On July 5, 2017, River North converted the remaining principal of $4,660 into 183,068 common shares of the Company and the accrued interest payable balance of $1,236 was written off. The note has been repaid in full and no related derivative liability was recorded as of December 31, 2017.2020.

On ~~October~~July 6, ~~2016,~~2020, the Company entered into a convertible promissory note with ~~EMA for $33,000.~~JSJ Investments Inc. (“JSJ”) in the principal amount of $77,000. The note matures on ~~October~~July 6, ~~2017~~2021, and bears interest at ~~12%~~8%. A debt discount $44,617 was recorded, including a derivative liability of ~~$33,000 was recorded. The conversion price~~$42,617. JSJ has the right beginning on the date that is 31 days following the ~~lower of 50%~~date of the ~~lowest traded price for the twenty consecutive trading days immediately preceding the applicable conversion date or the closing bid price on the original issue date. Pursuant~~note to ~~multiple conversions in May~~convert principal and ~~June 2017, EMA converted principal of $24,084~~accrued interest into ~~976,000~~ shares of the Company’s common stock. The conversion price is 70% of the average of the three lowest trading prices of the Company’s common stock ~~resulting in a principal balance~~during the fifteen trading days ending on the latest complete trading day prior to the date of ~~$8,916 as of June 30, 2017.~~conversion. As of ~~June~~September 30, ~~2017, $30,606~~2020, $10,512 of the debt discount had been amortized ~~and there was accrued~~to interest ~~of $2,677.~~expense. The Company recorded a derivative liability of ~~$25,368~~$33,581 as of ~~June~~September 30, 2017. On July 5, 2017, July 7, 2017 and July 12, 2017, EMA converted the remaining principal of $8,916, accrued interest payable of $2,715 and penalties totaling $29,908 into a total of 830,776 common shares of the Company. The OID and the debt discount have been fully amortized. The note has been repaid in full and no related derivative liability was recorded as of December 31, 2017.2020.

On ~~December 2, 2016,~~August 4, 2020, the Company entered into a Securities Purchase Agreement with Eagle Equities, LLC (“Eagle”), providing for the issuance and sale by the Company and the purchase by Eagle of a 6% convertible ~~promissory~~ note ~~with Global~~of the Company (the “Note”) in the aggregate principal amount of $1,086,957. The Note provides for ~~$18,700.~~an 8% original issue discount (“OID”) such that the aggregate purchase price for Note will be $1,000,000. The ~~note~~Note will be purchased by Eagle in various tranches on defined closing dates.

The first closing date under the Note was held on August 4, 2020, when the Company sold, and the Buyer purchased the first tranche under the Note for a $271,739 portion of the aggregate $1,086,957, resulting in proceeds to the Company of $250,000 and reflecting the OID of 8%. A subsequent closing of a second tranche of $271,739 portion of the Note shall occur on the filing of the Company’s resale registration statement under the Securities Act of 1933, as amended, covering the entire principal amount of the Note. Eagle has retained the right to purchase the unfunded balance of the Note through February 4, 2022, provided that each purchase must be in an amount of not less than $108,696 ($100,000 after the OID).

The Note matures on ~~December 2, 2017~~February 4, 2022, and bears interest at ~~12%. The convertible promissory note provided for an OID of $1,700; therefore, the net proceeds to the Company was $17,000. A~~6%.A debt discount $139,943 was recorded for the first tranche, including a derivative liability of ~~$18,700 was recorded. The~~$112,204. Eagle has at any time to convert principal and accrued interest into shares of the Company’s common stock.The conversion price is ~~the lower of 50%~~70% of the lowest ~~traded price for the twenty consecutive trading days immediately preceding the applicable conversion date or the~~ closing bid price of the Company’s common stock during the fifteen trading days ending on the ~~original issue date. As~~latest complete trading day prior to the date of ~~June~~conversion.As of September 30, ~~2017, $978 of the OID had been amortized, $15,822~~2020, $14,530 of the debt discount had been amortized ~~and there was accrued~~to interest ~~of $1,297.~~expense. The Company recorded a derivative liability of ~~$47,634~~$102,003 as of September 30, 2020.

With an effective date of April 20, 2020, a loan to the Company was approved under the terms and conditions of the Paycheck Protection Program (“PPP”) of the United States Small Business Administration (“SBA”) and the CARES Act (2020) (H.R. 748) (15 U.S.C. 636 et seq.) ( the “Act” ) in the amount of $7,583. The loan matures 24 months from inception, bears interest at 1% and had a balance of $7,583 as of September 30, 2020 and June 30, ~~2017. Additionally,~~2020.The loan may be forgiven pursuant to the provisions of the Act.

On September 10, 2020, the Company issued ~~1,650 five-year warrants~~a secured promissory note payable for ~~common stock~~the purchase of digital mining equipment to Wattum Management Inc. with ~~an exercise price of $7.50 per share, subject to certain adjustments, and~~ a ~~cashless exercise option. On July 13, 2017 and August 15, 2017, Global converted the entire~~ principal ~~of $18,700 and fees totaling $1,250 into a total of 567,867 common shares of the Company and the accrued interest payable~~ balance of ~~$1,541 was written off. The OID and the debt discount have been fully amortized. The note has been repaid in full and no related derivative liability was recorded as of December 31, 2017.~~

~~On December 13, 2016, the Company entered into a convertible promissory note with GPL for $10,000. The~~$17,822.The note matures on ~~July 13, 2017~~October 10, 2021 and bears interest at ~~12%.~~10%.The note is secured by the equipment purchased and is payable in twelve equal consecutive monthly installments of $1,567.

On January 25, 2019, the Board of $10,000 was recorded. The conversion price is the lower of 50% of the lowest traded price for the twenty consecutive trading days immediately preceding the applicable conversion date or the closing bid price on the original issue date. As of June 30, 2017, $9,387 of the debt discount had been amortized, and there was accrued interest of $658. The Company recorded a derivative liability of $24,876 as of June 30, 2017. On July 6, 2017 and July 12, 2017, GPL converted the entire principal of $10,000 into a total of 400,000 common sharesDirectors of the Company ~~and~~approved a resolution to increase the ~~accrued interest payable balance~~number of ~~$687 was written off. The OID and the debt discount have been fully amortized. The note has been repaid in full and no related derivative liability was recorded as of December 31, 2017.~~

On February 13, 2017, the Company entered into a convertible promissory note with Global for $10,000. The note matures on February 13, 2018 and bears interest at 2%. The convertible promissory note provides for an OID of $1,000. Therefore, the net proceeds to the Company was $9,000. A debt discount of $10,000 was recorded. The conversion price is 50% of the lowest traded price for the twenty consecutive trading days immediately preceding the applicable conversion date. As of June 30, 2017, $375 of the OID had been amortized, $3,753 of the debt discount had been amortized and there was accrued interest of $75. The Company has recorded a derivative liability of $22,661 as of June 30, 2017. Additionally, the Company issued 6,667 seven-year warrants for common stock with an exercise price of $0.50 per share, subject to certain adjustments, and a cashless exercise option. On September 15, 2017, Global sold the $10,000 note and $1,117 accrued interest payable to A1Solar. The OID and the debt discount have been fully amortized. The note has been repaid in full and no related derivative liability was recorded as of December 31, 2017.

On September 15, 2017, A1 Solar Corp (“A1 Solar”) purchased $10,000 principal and $1,117 accrued interest payable of the February 13, 2017 Global convertible promissory note. The $11,117 convertible replacement note matures on September 29, 2018 and bears interest at an annual rate of 12%. A debt discount of $11,117 and a derivative liability of $26,209 were recorded. The conversion price is 50% of the lowest traded price for the twenty consecutive trading days immediately preceding the applicable conversion date. On October 5, 2017, A1 Solar converted $5,558 principal into 297,245 common shares of the Company. As of December 31, 2017, $9,497 of the debt discount had been amortized and there was accrued interest payable of $39. The Company has recorded a derivative liability of $26,974 as of December 31, 2017.

OnIn March 28, 2017, the Company entered into a convertible promissory note with Schraub for $16,500. The note matures on March 28, 2018 and bears interest at 10%. A debt discount of $16,500 and a derivative liability of $40,982 were recorded. The conversion price is 50% of the lowest traded price for the twenty consecutive trading days immediately preceding the applicable conversion date. Additionally, the Company issued 12,100 seven-year warrants for common stock with an exercise price of $0.50 per share, subject to certain adjustments, and a cashless exercise option. These warrants were surrendered to the Company and cancelled on May 8, 2017. On July 31, 2017, Schraub assigned the $16,500 note to Global. The debt discount has been fully amortized and $565 of accrued interest payable was written off. The note has been repaid in full and no related derivative liability was recorded as of December 31, 2017.

On July 31, 2017, Global was assigned the $16,500 principal of the March 28, 2017 Schraub convertible promissory note. The note matures on March 28, 2018 and bears interest at 10%. A debt discount of $16,500 and a derivative liability of $114,489 were recorded. The conversion price is 50% of the lowest traded price for the twenty consecutive trading days immediately preceding the applicable conversion date. As of December 31, 2017, $10,519 of the debt discount had been amortized and there was accrued interest payable of $1,259. The Company has recorded a derivative liability of $16,061 as of December 31, 2017.

On April 4, 2017, the Company entered into a convertible promissory note with Schraub for $20,000. The note matures on April 4, 2018 and bears interest at 10%. A debt discount of $20,000 and a derivative liability of $75,295 were recorded. The conversion price is 50% of the lowest traded price for the twenty consecutive trading days immediately preceding the applicable conversion date. Additionally, the Company issued 15,000 seven-year warrants for common stock with an exercise price of $0.50 per share, subject to certain adjustments, and a cashless exercise option. These warrants were surrendered to the Company and cancelled on May 8, 2017. On July 31, 2017, Schraub assigned the $20,000 note to Global. The debt discount has been fully amortized and $647 of accrued interest payable was written off. The note has been repaid in full and no related derivative liability was recorded as of December 31, 2017.

On July 31, 2017, Global was assigned the $20,000 principal of the April 4, 2017 Schraub convertible promissory note. The note matures on April 4, 2018 and bears interest at 10%. A debt discount of $20,000 and a derivative liability of $140,711 were recorded. The conversion price is 50% of the lowest traded price for the twenty consecutive trading days immediately preceding the applicable conversion date. On October 18, 2017 Global converted $4,651 principal into 248,691 common shares of the Company, and on December 4, 2017, Global converted $3,275 principal into 100,000 common shares of the Company. Pursuant to a Purchase and Escrow Agreement dated December 31, 2017 (Note 4), the remaining principal of $12,074 and accrued interest payable of $1,367 were extinguished. As of December 31, 2017, the entire $20,000 debt discount had been amortized. The note has been repaid in full and no related derivative liability was recorded as of December 31, 2017.

On December 30, 2017, the Company and Global entered into an Exchange Agreement pursuant to which warrants held by Global to purchase a total of 11,115 shares of the Company’s common stock were cancelled in exchange for a convertible promissory note payable to Global in the principal amount of $25,000. The note matures on December 30, 2018 and bears interest at an annual rate of 5%, compounded monthly. A derivative liability of $67,064 was recorded. Pursuant to a Purchase and Escrow Agreement dated December 31, 2017 (Note 4), the $25,000 principal and accrued interest payable of $3 were extinguished. The note has been repaid in full and no related derivative liability was recorded as of December 31, 2017.

~~On July 6, 2017, Schraub converted fees of $600 into 618,500 common shares of the Company.~~

As detailed above, during the six months ended December 31, 2017, a total of 2,640,017 shares of the Company’s common stock were issued in conversion of $55,760 note principal, $2,715 accrued interest payable, $2,450 in fees, $29,908 in penalties and $276,409 loss on conversion of debt into common stock.

~~On March 10,~~ 2015, the Company filed with the ~~approval~~State of ~~a majority vote of its Board of Directors, approved the filing of~~Nevada a Certificate of Designation establishing the designations, preferences, limitations and relative rights of 1,000,000 shares of the Company's Series A preferred ~~stock (the "Series A Designation" and the "Series A Preferred Stock"). The terms of the Certificate of Designation~~stock. Holders of the Series A ~~Preferred Stock, which was filed with the State of Nevada on March 12, 2015, include~~preferred stock have the right to vote in aggregate, on all shareholder matters equal to 1,000 votes per share of Series A ~~Preferred Stock.~~preferred stock. The shares of Series A ~~Preferred Stock~~preferred stock are not convertible into shares of common stock.

The Company has ~~20,000,000~~1,000,000 shares of Series A ~~Preferred Stock~~preferred stock authorized, with 500,000 shares issued and outstanding as of ~~December 31, 2017,~~September 30, 2020 and June 30, 2020, which were ~~issued in March 2015 in consideration for services on~~to members of the Company’s Board of ~~Directors.~~Directors in consideration for services.

On December 21, 2015, the Company filed a Certificate of Designation for ~~its~~a new Series B ~~Convertible Preferred Stock~~convertible preferred stock with the State of Nevada following approval by the board of directors of the Company. Five Hundred Thousand (500,000) ~~Thousand~~ shares of the Company's authorized preferred stock are designated as the Series B ~~Convertible Preferred Stock (the "Series B Preferred Stock"),~~convertible preferred stock, par value of $0.001 per share and with a stated value of $0.001 per share (the "Stated Value"). Holders of Series B ~~Preferred Stock~~preferred stock shall be entitled to receive dividends, when and as declared by the Board of Directors out of funds legally available therefor. At any time and from time to time after the issuance of shares of the Series B ~~Preferred Stock,~~preferred stock, each issued share of Series B ~~Preferred Stock~~preferred stock is convertible into ~~One (100) Hundred~~100 shares of ~~Common Stock ("Conversion Ratio").~~the Company’s common stock. The holders of the Series B ~~Preferred Stock~~preferred stock shall have the right to vote together with holders of ~~Common Stock,~~common stock, on an as "converted basis", on any matter that the Company's shareholders may be entitled to vote on, either by written consent or by proxy. Upon any liquidation, dissolution or winding-up of the Company, the holders of the Series B ~~Preferred Stock~~preferred stock shall be entitled to receive out of the assets of the Company, whether such assets are capital or surplus, for each share of Series B ~~Preferred Stock~~preferred stock an amount equal to the Stated Value, and all other amounts in respect thereof then due and payable prior to any distribution or payment shall be made to the holders of any junior securities.

~~As of December 31, 2017, the~~The Company ~~had 232,500~~has 500,000 shares of Series B ~~Preferred Stock~~preferred stock authorized, with 430,000 shares issued and ~~outstanding.~~outstanding as of September 30, 2020 and June 30, 2020.

~~On July 1, 2016, the Board of Directors~~Steve Rubakh, President of the Company, ~~agreed to compensate Steve Rubakh~~is issued shares of Series B preferred stock as part of his compensation arrangement. The number of shares issued, generally on a quarterly basis, ~~through~~is at the ~~issuance~~discretion of the Board of Directors. No shares of Series B ~~Preferred Stock. For~~preferred stock were issued to Mr. Rubakh during the three months ended September 30, 2017, the Company issued 30,000 shares of Series B preferred stock to Steve Rubakh valued at $9,000. For the three months ended December 31, 2017, the Company issued 40,000 shares of Series B preferred stock to Steve Rubakh valued at $400,000.2020 and 2019..

On October 25, 2017, four investors entered into subscription agreements for the purchase of a total of 16,000 shares of Series B Preferred stock for cash at $10 per share. Through December 31, 2017, 12,500 of the shares had been issued for an investment of $125,000. As of December 31, 2017, a stock subscription payable of $35,000 was recorded for unissued shares.

On August ~~21, 2017,~~13, 2020, the Board of Directors of the Company approved a ~~1-for-50 reverse split~~resolution to increase the number of ~~the Company’s~~authorized common ~~shares.~~shares to 750,000,000. The ~~reverse split has been given retroactive effect in the condensed financial statements for all periods presented.~~Company had 116,506,895 and 103,164,460 shares issued and outstanding as of September 30, 2020 and June 30, 2020, respectively.

During the ~~six~~three months ended ~~December 31, 2017,~~September 30, 2020, the Company issued a total of ~~3,175,773~~13,342,435 shares of its common ~~stock.~~

~~On July 6, 2017, 188,240 shares of common~~ stock ~~were issued to Global in the cashless exercise of warrants recorded at par value of $188. See Note 9.~~

~~On August 31, 2017, 347,222 shares of common stock valued at $15,625 were issued to Steve Rubakh for accrued compensation. See Note 6.~~

~~As detailed in Note 7, during the six months ended December 31, 2017, a total of 2,640,017 shares of the Company’s common stock were issued~~ in conversion of ~~$55,760~~$164,000 note principal, ~~$2,715~~$8,867 accrued interest payable, ~~$2,450~~and $3,000 in fees, ~~$29,908~~resulting in ~~penalties,~~the extinguishment of derivative liabilities totaling $70,296. No gain or loss was recorded as the conversions were completed within the terms of ~~$11,779 and $276,409 loss on conversion of~~the debt ~~into common stock.~~

~~On September 30, 2017, the Company increased the number of outstanding common shares by 114 shares due to rounding of shares in the reverse stock split.~~agreements.

During the ~~six~~three months ended ~~December 31, 2016,~~September 30, 2019, the Company issued a total of ~~275,514~~10,210,487 shares of its common ~~stock.~~

~~On July 1, 2015, 6,000~~stock: 5,000,000 shares ~~of common stock and 1,200 issuable shares of common stock~~ valued at ~~$37,500~~$399,900 were issued pursuant to ~~Steve Rubakh for accrued compensation.~~

~~During the six months ended December 31, 2016, the Company issued~~a Series B preferred stock Exchange Agreement entered into on May 21, 2019 and a total of ~~268,314~~5,210,487 shares were issued valued at $272,695 were issued in conversion of ~~common stock for~~$263,000 note principal, $2,150 accrued interest payable, and loss on conversion of debt ~~converted~~ of ~~$327,160.~~$7,545, resulting in the extinguishment of derivative liabilities totaling $115,275.

The Company has granted warrants to non-employee lenders in connection with the issuance of certain convertible promissory notes, certain of which were subsequently surrendered to the Company and cancelled. See Note 7. Warrant activity for these warrants for the six months ended December 31, 2017 is as follows:

~~The warrants were valued at the grant date using a Black-Scholes calculation. No stock-based compensation was recorded for warrants during the six months ended December 31, 2017.~~

As discussed in Note 7, on December 30, 2017, the Company and Global entered into an Exchange Agreement pursuant to which warrants held by Global to purchase a total of 11,115 shares of the Company’s common stock were cancelled in exchange for a convertible promissory note payable to Global in the principal amount of $25,000. Derivative liabilities related to the warrants of $28,299 were also extinguished in this transaction and the Company recorded a loss on settlement of warrants of $63,765.

From time to time, we may be involved in litigation relating to claims arising out of our operations in the normal course of business. As of the date of filing of this report, there were no pending or threatened ~~lawsuits, except as stated below.~~lawsuits.

The Company has consolidated it cryptocurrency operations in one facility in Carthage, New York.The Carthage power supply and purchase agreement was entered into on May 10, 2019 for an initial term of 90 days, with an option to continue the ~~Supreme Court~~agreement for a subsequent 36 months, which option the Company has exercised. The Company’s sole obligation under the agreement is to pay a contractual rate per kilowatt hour of electricity consumed in the Company’s cryptocurrency mining operations.

As of September 30, 2020, the Company had no obligation for future lease payments under non-cancelable operating leases.

The Company has issued convertible notes payable, warrants and Series B preferred stock with put back rights and has entered into exchange and subscription agreements that contain certain provisions that have been identified as derivatives.The Company has determined that the number of common shares to be issued under these agreements is indeterminate; therefore, the Company concluded that the equity environment is tainted and all additional warrants, stock options convertible debt and obligations to issue common shares are included in the value of derivative liabilities.

The Company estimates the fair value of the ~~State~~derivative liabilities at the issuance date and at each subsequent reporting date, using a multinomial lattice model simulation. The model is based on a probability weighted discounted cash flow model using projections of ~~New York County of Kings,~~the various potential outcomes.

During the three months ended September 30, 2020, we had the following activity in ~~regards to LG Capital Funding, LLC v. EMS Find, Inc., issued a judgment against EMS Find, Inc.~~our derivative liabilities:

Key inputs and assumptions used in ~~favor of LG Capital Funding, LLC, in~~valuing the ~~amount of $135,202, which includes principal and interest (calculated~~Company’s derivative liabilities as of September ~~29, 2016), in regards~~30, 2020 are as follows:

These inputs are subject to significant changes from period to period and to management's judgment; therefore, the ~~convertible promissory note dated October 22, 2015. The judgment includes an Information Subpoena with Restraining Notice, which addressed~~estimated fair value of the ~~EMS Find, Inc. bank account at TD Bank.~~derivative liabilities will fluctuate from period to period, and the fluctuation may be material.

During the three months ended September 30, 2019, we incurred a digital currency theft loss of $33,037 where a hacker obtained unauthorized access to our online digital currency processing service and transferred digital currencies out of our account.The theft loss has been included as an other expense in the accompanying statement of operations for the three months ended September 30, 2020.

Management has evaluated subsequent events according to the requirements of ASC TOPIC 855, and has reported the following:

On January 19, 2018, the Company and St. George Investments LLC (“St. George”) entered into a Securities Purchase Agreement, pursuant to which St. George purchased 462,900 restricted common shares of the Company for $750,000. The Company received net proceeds of $720,000. The Company also issued to St. George a three-year warrant for the purchase of 347,175 shares of the Company’s common stock at an exercise price of $2.16 per share.

~~Subsequent to December 31, 2017,~~October 12, 2020, the Company issued a ~~total of 112,866~~5,391,726 shares of its common stock ~~to two lenders~~ in ~~conversions~~the conversion of $50,000 convertible ~~promissory~~ note principal, ~~totaling $22,059,~~$4,352 accrued interest ~~totaling $1,356~~ and ~~fees~~$500 of ~~$500.~~conversion fees.

On October 22, 2020, the Company closed the second tranche of its note payable to Eagle (see Note 6) subsequent to the Company filing the required Form S-1 registration statement.. The second tranche was for $271,739, with proceeds to the Company of $250,000 after the original issue discount.

We believe that it is important to communicate our future expectations to our security holders and to the public. This report, therefore, contains statements about future events and expectations which are "forward-looking statements" within the meaning of Sections 27A of the Securities Act of 1933 and 21E of the Securities Exchange Act of 1934, including the statements about our plans, objectives, expectations and prospects under the heading "Management's Discussion and Analysis of Financial Condition and Results of Operations." You can expect to identify these statements by forward-looking words such as "may," "might," "could," "would," "will," "anticipate," "believe," "plan," "estimate," "project," "expect," "intend," "seek" and other similar expressions. Any statement contained in this report that is not a statement of historical fact may be deemed to be a forward-looking statement. Although we believe that the plans, objectives, expectations and prospects reflected in or suggested by our forward-looking statements are reasonable, those statements involve risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by these forward-looking statements, and we can give no assurance that our plans, objectives, expectations and prospects will be achieved.

Important factors that might cause our actual results to differ materially from the results contemplated by the forward-looking statements are contained in the "Risk Factors" section of and elsewhere in our Annual Report on Form 10-K for the fiscal year ended June 30, ~~2017~~2019 and in our subsequent filings with the Securities and Exchange Commission. The following discussion of our results of operations should be read together with our financial statements and related notes included elsewhere in this report.

We were incorporated in the State of Nevada on March 22, 2013 under the name Lightcollar, Inc. On March 22, 2015, we changed our name to EMS Find, Inc., and in May 2017, we changed our name to Integrated Ventures, ~~Inc. We~~Inc.We have licensed our Ems Find platform and related technologies to EpicMD, Inc. via a Licensing Agreement and management has determined to focus our business on developing and operating digital currency ~~assets. Our~~assets.Our offices are located at 73 Buck Road, Suite 2, Huntingdon Valley, Pennsylvania 19006.

We have discontinued our prior operations and changed our business focus, from our prior technologies relating to the EMS Find platform to acquiring, launching and operating companies in the cryptocurrency sector, mainly in digital currency mining, equipment manufacturing, and sales of branded mining rigs, as well as blockchain software development. The Company also purchases certain digital currencies for short-term investment purposes.

The Company has purchased in excess of $288,000 of mining rigs in the fiscal quarter ended December 31, 2017 and the number of our installed mining rigs had reached 110 at that date. This number is directly related to the availability of the electric power, which is currently at maximum utilization capacity at both of our locations. On November 22, 2017, we successfully launched our cryptocurrency operations. We finished our second quarter, ending December 31, 2017, with total revenues of $105,088, consisting of: (1) revenues from mining operations of $59,498 received in digital currencies and (2) equipment retail sales of $45,590. These results were achieved in 39 days of crypto currency operations. At December 31, 2017, we owned mined assets (Bitcoin, Ethereum and Litecoin), with market value of $43,786 at that date.

On December 30, 2017, the Company entered into an Exchange Agreement between the Company and Global Opportunity Group, LLC (“Global”), pursuant to which Global exchanged warrants that it held to purchase an aggregate of 555,170 shares of common stock of the Company for a convertible note in the principal amount of $25,000 (the “Note”) issued by the Company. The Note was due December 18, 2018 and was extinguished on December 31, 2017 pursuant to a Purchase and Escrow Agreement with Global discussed below.

~~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:~~

We have ~~signed~~consolidated our cryptocurrency operations in facility, located in Carthage, New York. The power supply and purchase agreement was entered into on May 10, 2019 for an initial term of 90 days, with an option to continue for a ~~software development agreement~~subsequent 36 months, which option the Company has exercised. The Company’s sole obligation under the Agreement is to pay the PetaWatt Properties, LLC, contractual rate per kilowatt hour of electricity, consumed by the Company’s cryptocurrency mining operations.

Revenues from our cryptocurrency mining operations were $67,337 and $107,465 for the three months ended September 30, 2020 and 2019, respectively. Revenues from the sales of used equipment and parts were $14,890 and $0 for the three months ended September 30, 2020 and 2019, respectively.

When funds are available and market conditions allow, we also invest in certain denominations of cryptocurrencies to complement our mining operations.We consider these investments similar to marketable securities where we purchase and hold the cryptocurrencies for sale. We report realized gains and losses on the sales of cryptocurrencies (net of transaction costs) and mark our portfolio of cryptocurrencies to market at the end of each quarterly reporting period, reporting unrealized gains or losses on the investments. As of September 30, 2020, our investments at market value totaled $89,741 and were comprised primarily of LINK (Chainlink), with ~~ITBS LLC,~~ a ~~New York-based IT group, to create a new lending platform, LoanFunder, designed to connect private businesses~~smaller portfolio of Bitcoin (BTC), Litecoin (LTC) and publicly traded companies with pre-qualified institutional lenders to originate loans, issue convertible debt notes and to manage the entire lifecycle of a lending contract, consisting of initiating, qualifying, underwriting, funding, tracking and retiring financial instruments. LoanFunder would be the the world's first financial platform designed to integrate with decentralized and encrypted lending ledger, which offers a secure, efficient, verifiable and permanent way of storing lending information. Such protocols are the backbone of numerous digital currencies that are being mined by us, including Bitcoin, Ethereum ~~and Litecoin.~~(ETH).

We have ~~signed an Authorized Reseller Agreement with Shenzhen Halley Cloud Technology Company,~~funded our operations primarily from cash generated from our digital currency mining operations and proceeds from convertible notes payable. During the ~~exclusive manufacturer~~three months ended September 30, 2020 we received proceeds from convertible notes payable of PandaMiners. PandaMiner is a GPU integrated altcoin mining device which supports multiple hashing algorithms like ETH and other cryptocurrencies. It is assembled using a high configuration graphics card, customized and highly compatible case and other optimized accessories for the highest mining efficiency. As part of this Agreement, the Company agreed to purchase 50 PandaMiner B3 Pro mining rigs with total purchase price of $213,500.$319,000.

The Company is focusing on the mining of digital assets, , as well as blockchain applications (“blockchain”) and related technologies. A blockchain is a shared immutable ledger for recording the history of transactions of digital assets—a business blockchain provides a permissioned network with known identities. A Bitcoin is the most recognized type of a digital asset that is issued by, and transmitted through, an open source, math-based protocol platform using cryptographic security that is known as the “Bitcoin Network.” The Bitcoin Network is an online, peer-to-peer user network that hosts the public transaction ledger, known as the blockchain, and the source code that comprises the basis for the cryptography and math-based protocols governing the Bitcoin Network.

Bitcoins, for example, can be used to pay for goods and services or can be converted to fiat currencies, such as the US Dollar, at rates determined on Bitcoin exchanges or in individual end-user-to-end-user transactions under a barter system. The networks utilized by digital coins are designed to operate without any company or government in charge, governed by a collaboration of volunteer programmers and computers that maintain all the records. These blockchains are typically maintained by a network of participants which run servers while securing their blockchain. Third party service providers such as Bitcoin exchanges and bitcoin third party payment processing services may charge significant fees for processing transactions and for converting, or facilitating the conversion of, bitcoins to or from fiat currency.

This market is rapidly evolving and there can be no assurances that we will remain competitive with industry participants that have or may have greater resources or experience in in this industry than us, nor that the unproven digital assets that we mine will ever have any significant market value.

The Company, like many cryptocurrency mining operators, is currently operating at a non-profitable status following record historic runs in market prices of digital currencies. Market prices of digital currencies have not been high enough to cover the operating costs of mining companies, including significant power costs and high levels of equipment depreciation. The Company is addressing these operational challenges through considering alternative sources of power, further consolidation of facilities, and potential hosting arrangements. There can be no assurance that the Company will be successful in these efforts and attain profitable levels of operations.

~~Since~~November 2017, revenues commenced from our ~~inception through December 31, 2017, we have generated approximately $1.1 million in revenues. Revenues~~cryptocurrency mining operations and from sales of cryptocurrency mining equipment. Prior to that date, ~~have been~~revenues were generated substantially from the now discontinued Ambulance services, which we have discontinued to focus on new revenue sources. ~~However, in November 30, 2017 revenues commenced from our crypto-currency mining operations and from sales of crypto-currency mining equipment.~~

We are incurring increased costs as a result of being a ~~publicly-traded~~publicly traded company. As a public company, we incur significant legal, accounting and other expenses that we did not incur as a private company. We also have paid compensation through the issuance of shares of our common stock and warrants, the valuation of which has resulted in significant stock-based compensation. In addition, the Sarbanes-Oxley Act of 2002, as well as new rules subsequently implemented by the Securities and Exchange Commission, have required changes in corporate governance practices of public companies and will require us to comply with these rules. These new rules and regulations have will increase our legal and financial compliance costs and have made some activities more time-consuming and ~~costly.~~costlier. In addition, these new rules and regulations have made it more difficult and more expensive for us to obtain director and officer liability insurance, which we currently cannot afford to do. As a result of the new rules, it may become more difficult for us to attract and retain qualified persons to serve on our Board of Directors or as executive officers. We cannot predict or estimate the amount of additional costs we may incur as a result of being a public company or the timing of such costs.

To ~~complete and successfully launch~~operate our ~~planned~~ digital currency mining facilities and to fund future operations, we will need to raise additional capital. The amount and timing of future funding requirements will depend on many factors, including the timing and results of our ongoing development efforts, the potential expansion of our current development programs, potential new development programs and related general and administrative support. We anticipate that we will seek to fund our operations through further liquidation of our marketable securities, public or private equity or debt financings or other sources, such as potential collaboration agreements. We cannot be certain that anticipated additional financing will be available to us on favorable terms, or at all.

THREE ~~AND SIX~~ MONTHS ENDED ~~DECEMBER 31, 2017~~SEPTEMBER 30, 2020 COMPARED TO THE THREE ~~AND SIX~~ MONTHS ENDED ~~DECEMBER 31, 2016~~SEPTEMBER 30, 2019

~~In November 2017 we commenced operations in our first crypto-currency mining location and reported crypto-currency~~Our cryptocurrency mining revenues ~~of $59,498 for~~decreased to $67,337 in the three months ~~and six~~ended September 30, 2020 from $107,465 in the three months ended ~~December 31, 2017.~~September 30, 2019. This decrease in revenues resulted primarily from the Company discontinuing the use of under-performing, non-serviceable mining equipment during the current year period, with new replacement equipment purchased and deployed later in the period. In addition, the Company’s mining revenue reward rates have been reduced in the current fiscal year.

We also ~~had~~have revenues from the sale of ~~crypto-currency~~cryptocurrency mining units that ~~we purchased~~have been assembled or ~~assembled~~refurbished for resale ~~of $45,590 for~~and spare parts. Such sales totaled $14,890 and $0 in the three months ended September 30, 2020 and ~~six months ended December 31, 2017.~~

~~We did not have any revenues~~2019, respectively. Sales of equipment and parts will fluctuate from period to period depending on the current retail demand for ~~the three months~~our model of cryptocurrency mining units and ~~six months ended December 31, 2016.~~parts.

Cost of revenues ~~were $46,818 for~~was $189,011 and $227,083 in the three months ended September 30, 2020 and ~~six months ended December 31, 2017.~~2019, respectively. The decrease in cost of revenues in the current fiscal year is due primarily to a decrease in depreciation and amortization expense. Expenses associated with running ~~the crypto-currency~~our cryptocurrency mining operations, such as equipment depreciation ~~rent,~~and amortization, operating supplies, utilities and ~~monitoring~~consulting services are recorded as cost of revenues. Also included in cost of revenues are the costs of purchasing or assembling the ~~crypto-currency~~cryptocurrency mining units sold.

~~Table of Contents~~

We currently are experiencing a gross loss on revenues primarily due to high utility costs and a conservative, short useful life for mining equipment depreciation and amortization.

General and administrative expenses ~~increased $397,213~~decreased to ~~$494,247 for~~$99,717 in the three months ended ~~December 31, 2017~~September 30, 2020 from ~~$97,034 for~~$107,385 in the three months ended ~~December 31, 2016.~~September 30, 2019. The increase was primarily due to an increase in stock-based compensation, payroll and professional fees. General and administrative expenses decreased $218,226 to $634,124 for the six months ended December 31, 2017 from $852,350 for the six months ended December 31, 2016. The decrease on a year-to-date basis wasdecreases are due primarily ~~from significant stock-based compensation~~to decreases in ~~fiscal year 2016 from warrants to issued to officers and directors, partially offset by increases in payroll~~consulting and professional fees ~~in the current fiscal year.~~and travel expenses.

~~For the three months ended September 30, 2017, our~~Our other income ~~totaled $200,016,~~(expense) was comprised of interest and other income of $1,304, realized gain on sale of investments of $85,911, change in fair value of derivative liabilities of $273,032 and gain on extinguishment of debt of $3,259, partially offset by unrealized loss on investments of $64,987, interest expense of $34,738 and loss on settlement of warrants of $63,765. By comparison, our other income totaled $22,074 for the three months ended December 31, 2017, comprised of change in fair value of derivative liability of $376,412, partially offset by interest expense of $120,128 and loss on extinguishment of debt of $234,210.following:

During the three months ended December 31, 2017, we reported total realized gains on sale of investments of $85,911, including $3,776 from sales of digital currencies and $82,162 from the sales of common shares of Viva Entertainment. During the six months ended December 31, 2017, we reported total realized gains on sale of investments of $367,134, including $3,776 from sales of digital currencies and $364,874 from the sales of common shares of Viva Entertainment. We reported no realized gain on sale of marketable securities in the three months or six months ended December 31, 2016.

Pursuant to multiple conversions of convertible promissory notes from Viva Entertainment during May, July and August 2017, the Company converted total principal of $79,652 into a total of 225,805,555 common shares of Viva Entertainment. During the three months ended December 31, 2017, we exchanged 55,555,555 common shares of Viva Entertainment for convertible notes principal of $37,074, accrued interest payable of $1,370 and accounts receivable of $15,000, and reduced related derivative liabilities by $78,718. We also incurred investment related fees of $30 in the three months ended December 31, 2017. As a result we reported a realized gain on sale of investments of $85,911 in the three months ended December 31, 2017.

For the six months ended December 31, 2017, in addition to the realized gain on investments of $85,911 reported in the three months ended December 31, 2017, we sold a total of 170,250,000 shares of Viva Entertainment stock, receiving net proceeds of $551,800 and recorded a realized gain on sale of marketable securities of $281,223. As a result we reported a realized gain on sale of investments of $367,134 in the six months ended December 31, 2017.

As of September 30, 2017, the Company recorded an unrealized gain on investment of $61,111 related to shares of Viva Entertainment stock. That unrealized gain was reversed in the three months ended December 31, 2017 when the remaining shares of Viva Entertainment were exchanged. Unrealized loss on digital currencies as of December 31, 2017 was $3,876. As a result, we reported unrealized loss on investments of $64,987 for the three months ended December 31, 2017 and $3,876 for the six months ended December 31, 2017. We reported no unrealized gain or loss on investments in the three months and six months ended December 31, 2016.

The decrease in our interest expense in the three months ended September 30, 2020, which includes the amortization of debt discount and original issue discount, resulted from ~~the decrease in our convertible~~multiple conversions of notes payable in full to common stock during the period. In addition, the amortization of debt discount was significantly less during the current ~~fiscal year.~~year period.

During the three months ended September 30, 2020 we significantly increased our investing efforts in digital currencies. In addition to the currencies received as compensation for our mining services, we purchased various digital currencies totaling $2,086,898 and also converted currencies from one denomination to another based on our assessment of market conditions for each respective currency. We received total proceeds of $2,283,717 from the sale of digital currencies during the three months ended September 30, 2020 and realized a gain on $138,527 for the period. After deducting transaction costs of $50,152, we reported a net realized gain of $88,375.

The realized loss on investments in the three months ended September 30, 2019 resulted primarily from losses recorded on our digital currencies, as we experienced the negative impact of fluctuating market values. Our purchases of digital currencies for investment purposes were minimal during this period.

During the three months ended September 30, 2020, we disposed of and wrote off non-serviceable, defective mining equipment with a net book value of $207,281. The equipment disposed of was replaced during the period with new, more efficient mining equipment. We did not report any loss on disposition of property and equipment during the three months ended September 30, 2019.

We estimate the fair value of the derivatives associated with our convertible notes payable, warrants, put-back rights associated with two asset purchase agreements, common stock issuable pursuant to a Series B preferred stock Exchange Agreement and ~~warrants~~a stock subscription payable using, as applicable, either the Black-Scholes pricing model ~~and~~or 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.

The ~~increase in~~ loss on extinguishment of debt of $7,545 in the ~~current fiscal year~~three months ended September 30, 2019 resulted from ~~multiple conversions~~conversion of convertible notes ~~payable into shares of our~~to common stock where the conversion ~~price was substantially lower than~~terms were outside the ~~current market price~~related agreements.We did not report any gain or loss on extinguishment of debt during the ~~common shares issued in~~three months ended September 30, 2019

During the ~~conversions.~~three months ended September 30, 2019, we incurred a digital currency theft loss of $33,037 where a hacker obtained unauthorized access to our online digital currency processing service and transferred digital currencies out of our account.

As a result, ~~our~~we reported a net loss of $388,778 for the three months ended ~~December 31, 2017 increased to $235,961 from $74,960~~September 30, 2020 and net income of $269,503 for the three months ended ~~December 31, 2016. Our net loss for the six months ended December 31, 2017 increased to $462,557 from $261,437 for the six months ended December 31, 2016~~September 30, 2019.

As of ~~December 31, 2017, our~~September 30, 2020, we had total current assets of $108,935, including cash of $102,435, and total current liabilities ~~exceeded our~~of $668,217, resulting in a working capital deficit of $559,282. Included in current ~~assets by $13,109. As~~liabilities as of ~~December 31, 2017,~~September 30, 2020 are derivative liabilities totaling $209,338, which we do not anticipate will require the ~~Company~~payment of cash to settle. In addition, we had ~~$121,061 in cash, not sufficient to fund~~a total stockholders’ deficit of $252,218 as of September 30, 2020.

We have funded our operations ~~for the next twelve months. However, we have converted two~~primarily from cash generated from our digital currency mining operations, gains on sale of digital currencies and proceeds from convertible notes ~~receivable from Viva Entertainment into shares of Viva Entertainment common stock and have sold a significant portion of the shares into the market to raise capital for our operations.~~payable. During the ~~six~~three months ended ~~December 31, 2017,~~September 30, 2020, we received net proceeds from the sale of investments of $579,460, which we have used to fund our operations and to purchase property and equipment for our crypto-currencies mining operations. During the six months ended December 31, 2017 we also received proceeds of $160,000 from subscriptions to purchase shares of our Series B Preferred Stock. Subsequent to December 31, 2017, we received net proceeds of $720,000 from the sale of our common shares and warrants.

~~We have also improved our liquidity through the reduction in our convertible debt. As of December 31, 2017, we had~~ convertible notes payable ~~before debt discount totaling $22,059 compared to $88,776 as~~ of ~~June 30, 2017. Through conversions of convertible notes payable subsequent to December 31, 2017, the remaining principal balance of the convertible notes payable was extinguished.~~$319,000.

We used net cash in operations of ~~$263,727~~$210,421 in the ~~six~~three months ended ~~December 31, 2017~~September 30, 2020 as a result of our net loss of ~~$462,557,~~$388,778, non-cash gains totaling ~~$568,331,~~$128,397, increases in digital currencies of ~~$61,892, inventories of $17,730~~$67,699 and accrued interest receivable of $98, and decreases in accounts payable of $827, accrued expenses of $1,786 and due to related party of $19,223, partially offset by non-cash expenses totaling $863,717 and a decrease in prepaid expenses and other current assets of ~~$5,000.~~$3,250 and decreases in accounts payable of $34,239 and due to related party of $9,687, partially offset by non-cash expenses totaling $411,381 and increase accrued expenses of $10,248.

~~By comparison, we~~We used net cash in operations of ~~$157,708~~$186,661 in the ~~six~~three months ended ~~December 31, 2016~~September 30, 2019 as a result of our net ~~loss~~income of ~~$261,437,~~$269,503, non-cash ~~gain~~expenses totaling $470,945, and increases in accrued expenses of ~~$1,157,729~~$17,987 and ~~decreases in~~ due to related party of ~~$10,980 and checks written in excess of cash balances of $11,695,~~$9,079, partially offset by non-cash gain of $841,736, increases in digital currencies of $109,112, prepaid expenses ~~totaling $1,253,946~~ and ~~increases~~other current assets of $3,250 and a decrease in accounts payable of ~~$27,293 and accrued expenses of $2,894.~~$77.

During the ~~six~~three months ended ~~December 31, 2017,~~September 30, 2020, we had net cash provided byused in investing activities of ~~$209,097,~~$12,819, comprised of the purchase of digital currencies of $2,086,898 and the purchase of property and equipment of $209,638, partially offset by proceeds from the sale of digital currencies of $2,283,717.

During the three months ended September 30, 2019, we used net cash of $47,310 in investing activities comprised of the purchase of property and equipment of $110,281, partially offset by net proceeds from the sale of ~~investments~~digital currencies of $579,460, partially offset by purchase of investments of $9,651, increase in notes receivable of $49,880 and purchase of property and equipment of $310,832. During the six months ended December 31, 2017, we had no net cash used in or provided by investing activities.

During the ~~six~~three months ended ~~December 31, 2017,~~September 30, 2020, we had net cash provided by financing activities of ~~$160,000,~~$319,000 comprised of proceeds from ~~sale of preferred stock of $125,000 and proceeds from stock subscriptions payable of $35,000. We~~convertible notes payable.

During the three months ended September 30, 2019, we had net cash provided by financing activities of ~~$184,257 for the six months ended December 31, 2016,~~$247,000 comprised of proceeds from convertible notes payable.

We will have to raise funds to ~~complete and~~ successfully ~~deploy~~operate our digital currency mining ~~facilities~~operations and to fund our operating expenses. We ~~may~~will have to borrow money from shareholders or issue debt or equity or enter into a strategic arrangement with a third party. There can be no assurance that additional capital will be available to us. We currently have no arrangements or understandings with any person to obtain funds through bank loans, lines of credit or any other sources. Since we have no such arrangements or plans currently in effect, our inability to raise funds for our operations will have a severe negative impact on our ability to remain a viable company.

The Covid-19 pandemic continues to have a material negative impact on capital markets. While we continue to incur operating losses, we are currently dependent on debt or equity financing to fund our operations and execute our business plan. We believe that the impact on capital markets of Covid-19 may make it more costly and more difficult for us to access these sources of funding.

Our significant accounting policies are disclosed in Note 2 to our condensed financial statements and in the notes to our audited financial statements included in our Annual Report on Form 10-K for the year ended June 30, ~~2017.~~2020. The following is a summary of those accounting policies that involve significant estimates and judgment of management.

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.

Digital currencies consist of Bitcoin and Ethereum, generally received for the Company’s own account as compensation for cryptocurrency mining services, and Chainlink and other digital currencies purchased for short-term investment purposes. Given that there is limited precedent regarding the classification and measurement of cryptocurrencies under current Generally Accepted Accounting Principles (“GAAP”), the Company has determined to account for these digital currencies as indefinite-lived intangible assets in accordance with Accounting Standards Update ("ASU") No. 350, Intangibles – Goodwill and Other, for the period covered by this report and in future reports unless and until further guidance is issued by the Financial Accounting Standards Board (“FASB”). An intangible asset with an indefinite useful life is not amortized but assessed for impairment annually, or more frequently, when events or changes in circumstances occur indicating that it is more likely than not that the indefinite-lived asset is impaired. Impairment exists when the carrying amount exceeds its fair value. In testing for impairment, the Company has the option to first perform a qualitative assessment to determine whether it is more likely than not than an impairment exists. If it is determined that it is more likely than not that an impairment exists, a quantitative impairment test is not necessary. If the Company concludes otherwise, it is required to perform a quantitative impairment test. To the extent an impairment loss is recognized, the loss establishes the new cost basis of the asset. Subsequent reversal of impairment losses is not permitted. Realized gains or losses on the sale of digital currencies, net of transaction costs, are included in other income (expense) in the statements of operations. Changes in the fair value of digital currencies during the period are recorded as unrealized gains or losses in other income (expense) in the statements of operations. As of September 30, 2020, the Company’s cost basis of digital currencies exceeded the market value by $2,521, which amount is recorded as unrealized loss on investments.

Property and equipment, consisting primarily of computer and other cryptocurrency mining equipment (transaction verification servers), is stated at the lower of cost or estimated realizable value and is depreciated when placed into service using the straight-line method over estimated useful lives. The Company operates in an emerging industry for which limited data is available to make estimates of the useful economic lives of specialized equipment. Management has assessed the basis of depreciation of these assets and believes they should be depreciated over a three-year period due to technological obsolescence reflecting rapid development of hardware that has faster processing capacity and other factors. 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.

During the three months ended September 30, 2020, the Company discontinued the use of damaged or non-serviceable mining equipment and wrote off its net book value of $207,281 to loss on disposition of property and equipment.

Payments to equipment suppliers prior to shipment of the equipment are recorded as equipment deposits.

Where the number of warrants or common shares to be issued under these agreements is indeterminate, the Company has concluded that the equity environment is tainted, and all additional warrants and convertible debt are included in the value of the derivatives.

We estimate the fair value of the derivatives associated with our convertible notes payable, common stock issuable pursuant to a Series B preferred stock Exchange Agreement and ~~warrants~~a stock subscription payable using, as applicable, either the Black-Scholes pricing model ~~and~~or 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.

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 ~~December 31, 2017~~September 30, 2020 and June 30, ~~2017,~~2020, the amounts reported for cash, ~~accounts receivable and~~ prepaid expenses and other current assets, accounts payable, accrued expenses, ~~note payable and~~ due to related party and notes payable approximate fair value because of their short maturities.

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:

	Total		Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3
December 31, 2017:
September 30, 2020:
Derivative liabilities	$	21,419	$	-	$	-	$	21,419	$	209,338	$	-	$	-	$	209,338

Total liabilities measured at fair value	$	21,419	$	-	$	-	$	21,419	$	209,338	$	-	$	-	$	209,338

June 30, 2017:
June 30, 2020:
Derivative liabilities	$	226,731	$	-	$	-	$	226,731	$	164,834	$	-	$	-	$	164,834

Total liabilities measured at fair value	$	226,731	$	-	$	-	$	226,731	$	164,834	$	-	$	-	$	164,834

The Company accounts for all equity-based payments in accordance with ASC Topic 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 fair value of a stock award is recorded at the 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 or multinomial lattice models.

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 services 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.

Effective July 1, 2018, we adopted ASC 606, Revenue from Contracts with Customers, as amended, using the modified retrospective method, which requires the cumulative effect of adoption to be recognized as an adjustment to opening retained earnings in the period of adoption. There was no cumulative effect of adopting the new standard and no impact on our financial statements. The new standard provides a single comprehensive model to be used in the accounting for revenue arising from contracts with customers and supersedes current revenue recognition guidance, including industry-specific guidance. The standard’s stated core principle is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve this core principle, ASC 606 includes provisions within a five-step model that includes identifying the contract with a customer, identifying the performance obligations in the contract, determining the transaction price, allocating the transaction price to the performance obligations, and recognizing revenue when, or as, an entity satisfies a performance obligation.

Our revenues currently consist of cryptocurrency mining revenues and revenues from the sale of cryptocurrency mining equipment recognized in accordance with ASC 606 as discussed above. Amounts collected from customers prior to shipment of products are recorded as deferred revenue.

The Company earns its cryptocurrency mining revenues by providing transaction verification services within the digital currency networks of cryptocurrencies, such as Bitcoin, Litecoin and Ethereum. The Company satisfies its performance obligation at the point in time that the Company is awarded a unit of digital currency through its participation in the applicable network and network participants benefit from the Company’s verification service. In consideration for these services, the Company receives digital currencies, which are recorded as revenue using the closing U.S. dollar price of the related cryptocurrency on the date of receipt. Expenses associated with running the cryptocurrency mining operations, such as equipment depreciation, rent, operating supplies, rent, utilities and monitoring services are recorded as cost of revenues.

The Company has consolidated it cryptocurrency operations in one facility in Carthage, New York. The Carthage lease and power purchase agreement was entered into on May 10, 2019 for an initial term of 90 days, with an option to continue the lease for a subsequent 36 months, which option the Company has exercised. The Company’s sole obligation under the lease is to pay the lessor a contractual rate per kilowatt hour of electricity consumed in the Company’s cryptocurrency mining operations.

We currently have no other material off-balance sheet arrangements that have or are reasonably likely to have a current or future material effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources.

There were no new accounting pronouncements issued or proposed by the FASB during the three months ended September 30, 2020 and through the date of filing this report which the Company believes will have a material impact on its financial financial statements.

As a smaller reporting company, as defined by Item 10 of Regulation S-K, the Company is not required to provide the information required by this item.

The Securities and Exchange Commission defines the term "disclosure controls and procedures" to mean a company's controls and other procedures of an issuer that are designed to ensure that information required to be disclosed in the reports that it files or submits under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported, within the time periods specified in the Securities and Exchange Commission's rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by an issuer in the reports that it files or submits under the Securities Exchange Act of 1934 is accumulated and communicated to the issuer's management, including its chief executive and chief financial officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure. The Company maintains such a system of controls and procedures in an effort to ensure that all information which it is required to disclose in the reports it files under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the time periods specified under the SEC's rules and forms and that information required to be disclosed is accumulated and communicated to the chief executive and interim chief financial officer to allow timely decisions regarding disclosure.

As of the end of the period covered by this report, we carried out an evaluation, under the supervision and with the participation of our Chief Executive Officer and Chief Financial Officer, of the effectiveness of the design and operation of our disclosure controls and procedures. Based on this evaluation, the Chief Executive Officer and Chief Financial Officer have concluded that the Company's disclosure controls and procedures are not effective as of such date. The Chief Executive Officer and Chief Financial Officer have determined that the Company continues to have the following deficiencies which represent a material weakness:

~~To remediate our~~Because of these material weaknesses, management has concluded that the Company did not maintain effective internal control ~~weaknesses, management intends to implement~~over financial reporting as of September 30, 2020, based on the ~~following measures:~~

~~The additional hiring is contingent upon~~criteria established in "Internal Control-Integrated Framework" issued by the Company's efforts to obtain additional funding through equity or debt and the results of its operations. Management expects to secure funds in the coming fiscal year but provides no assurances that it will be able to do so.COSO.

~~Except as set forth above, there was~~There have been no ~~change to our~~changes in the Company's internal ~~controls~~control over financial reporting through the date of this report or ~~in other factors that could affect these controls~~ during the ~~three month period~~quarter ended ~~December 31, 2017~~September 30, 2020, that ~~has~~ materially affected, or isare reasonably likely to materially affect, ~~our~~the Company's internal control over financial reporting.

There are no pending legal proceedings in which we are a party or in which any of our directors, officers or affiliates, any owner of record or beneficiary of more than 5% of any class of our voting securities is a party adverse to us or has a material interest adverse to us, except as stated below. Our property is not the subject of any pending legal proceedings.

The future impact of the ~~Supreme Court~~Covid-19 pandemic on companies is evolving and we are currently unable to assess with certainty the broad effects of Covid-19 on our business.

The future impact of the Covid-19 pandemic on companies is evolving and we are currently unable to assess with certainty the broad effects of Covid-19 on our business, particularly on the digital currency markets. As of September 30, 2020, our investment in property and equipment of $362,949 could be subject to impairment or change in valuation due to Covid-19 if our crypocurrency mining revenues significantly decrease or we are not able to raise capital sufficient to fund our operations. In addition, current travel restrictions and social distancing requirements make it difficult for our management to access and oversee our operations in the State of New ~~York County~~York.

As of ~~Kings, in regards to LG Capital Funding, LLC v. EMS Find, Inc., issued a judgment against EMS Find, Inc. in favor~~September 30, 2020, the reported values of ~~LG Capital Funding, LLC,~~the Company’s material convertible debt and derivative liabilities are based on multiple factors, including the market price of our stock, interest rates, our stock price volatility, variable conversion prices based on market prices as defined in the ~~amount~~respective agreements and probabilities of ~~$135,202, which includes principal and interest (calculated as of September 29, 2016), in regards~~certain outcomes based on management projections. We believe these inputs will be subject to even more significant changes due to the ~~convertible promissory note dated October 22, 2015. The judgment includes an Information Subpoena with Restraining Notice, which addressed~~impact on capital markets of Covid-19, and the ~~EMS Find, Inc. bank account at TD Bank.~~future estimated fair value of these liabilities may fluctuate materially from period to period.

The Covid-19 pandemic continues to have a material negative impact on capital markets, including the market prices of digital currencies. While we continue to incur operating losses, we are currently dependent on debt or equity financing to fund our operations and execute our business plan, including ongoing requirements to replace old and nonprofitable mining machines. We believe that the impact on capital markets of Covid-19 may make it more costly and more difficult for us to access these sources of funding.

Our business can potentially be impacted by the effects of the COVID-19 as follows: (1) effect our financial condition, operating results and reduce cash flows; (2) cause disruption to the activities of equipment suppliers; (3) negatively effect the Company's mining activities due to imposition of related public health measures and travel and business restrictions; (4) create disruptions to our core operations in New York due to quarantines and self-isolations; (5) restrict the Company's ability and that of its employees to access facilities and perform equipment maitenance, repairs, and programming which will lead to inability to monitor and service miners, resulting in reduced ability to mine cryptocurrencies due to miners being offline.

In addition, our partners such as manufacturers, suppliers and sub-contractors will be disrupted by absenteeism, quarantines and travel restrictions resulting in their employees’ ability to work. The Company's supply chain, shipments of parts and purchases of new products may be negatively affected. Such disruptions could have a material adverse effect on our operations.

The coronavirus pandemic is an emerging serious threat to health and economic wellbeing affecting our employees, investors and our sources of supply.

The sweeping nature of the novel Coronavirus (COVID-19) pandemic makes it extremely difficult to predict how the Company’s business and operations will be affected in the long run. However, the likely overall economic impact of the pandemic is viewed as highly negative to the general economy. To date, we have not been classified as an essential business in the New York, and we may not be allowed to access our mining facilities. The duration of such impact cannot be predicted.

During the three months ended ~~December 31, 2017,~~Septemnber 30, 2020, the Company issued a total of ~~645,936~~13,342,435 shares of its common stock in conversion of ~~$13,484~~$164,000 note principal, $8,867 accrued interest payable, and ~~$500~~$2,000 in ~~fees.~~fees, resulting in the extinguishment of derivative liabilities totaling $70,296.

* Pursuant to Rule 406T of Regulation S-T, these interactive data files are deemed “furnished” and not “filed” or part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, or deemed “furnished” and not “filed” for purposes of Section 18 of the Securities and Exchange Act of 1934, and otherwise is not subject to liability under these sections.

In accordance with the requirements of the Exchange Act, the Company has caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

			Page No.
PART I: FINANCIAL INFORMATION		~~Page No.~~

Item 1.	Financial Statements		3
Item 1.		~~Financial Statements~~	3
~~Item~~ 2.		Management’s Discussion and Analysis of Financial Condition and Results of Operations	21	22
Item 3.		Quantitative and Qualitative Disclosure About Market Risk	28	31
Item 4.		Controls and Procedures	28	31

PART II: OTHER INFORMATION

Item 1.		Legal Proceedings	30	33
Item 1A.	Risk Factors		34
Item 2.		Unregistered Sales of Equity Securities and Use of Proceeds	30	34
Item 3.		Defaults Upon Senior Securities	30	34
Item 4.		Mine Safety Disclosures	30	34
Item 5.		Other Information	30	34
Item 6.		Exhibits	30
		35
~~SIGNATURES~~	31
SIGNATURES			36

~~Index to Financial Statements~~		Page

Condensed Balance Sheets as of ~~December 31, 2017~~September, 2020 (unaudited) and June 30, ~~2017~~2020		4

Condensed Statements of Operations for the Three Months Ended September 30, 2020 and ~~Six Months Ended December 31, 2017 and 2016~~2019 (unaudited)		5

Condensed Statement of Stockholders’ Deficit for the Three Months Ended September 30, 2020 (unaudited)		6

Condensed Statement of Stockholders’ Deficit for the Three Months Ended September 30, 2019 (unaudited)		7

Condensed Statements of Cash Flows for the ~~Six~~Three Months Ended ~~December 31, 2017~~September 30, 2020 and ~~2016~~2019 (unaudited)	6	8

Notes to Condensed Financial Statements (unaudited)	8	10

Integrated Ventures, Inc.
(formerly EMS Find, Inc.)
Condensed Balance Sheets
		December 31, 2017			June 30, 2017
		(Unaudited)
ASSETS
Current assets:
	Cash	$	121,061		$	15,691
	Accounts receivable		15,000			-
	Digital currencies		43,786			-
	Prepaid expenses and other current assets		2,500			7,500
	Inventories		17,730			-
	Marketable securities		1,760			253,998
	Note receivable		-			16,872
	Accrued interest receivable		-			1,519
	Total current assets		201,837			295,580

Non-current assets:
	Property and equipment, net		305,568			-
	Deposits		700			700
Total assets		$	508,105		$	296,280

LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
Current liabilities:
	Accounts payable	$	23,331		$	27,417
	Accrued expenses		29,745			57,032
	Convertible notes payable, net of discounts		14,458			47,814
	Note payable		125,000			125,000
	Due to related party		993			20,216
	Derivative liabilities		21,419			226,731
	Total current liabilities		214,946			504,210

	Total liabilities		214,946			504,210

Commitments and contingencies

Stockholders’ equity (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,
	232,500 and 150,000 shares issued and outstanding as of
	December 31, 2017 and June 30, 2017, respectively)		233			150
	Common stock, $0.001 par value, (2,000,000,000 shares authorized,
	8,388,337 and 5,212,564 shares issued and outstanding as of
	December 31, 2017 and June 30, 2017, respectively)		8,388			5,213
	Additional paid-in capital		5,538,477			4,613,089
	Stock subscriptions payable		35,000			-
	Accumulated deficit		(5,289,439	)		(4,826,882	)
	Total stockholders’ equity (deficit)		293,159			(207,930	)
Total liabilities and stockholders’ equity (deficit)		$	508,105		$	296,280

Integrated Ventures, Inc.
(formerly EMS Find, Inc.)
Condensed Statements of Operations
(Unaudited)

	Three Months Ended December 31,						Six Months Ended December 31,
	2017			2016			2017			2016
Revenues:
Crypto-currency mining	$	59,498		$	-		$	59,498		$	-
Sales of crypto-currency mining equipment		45,590			-			45,590			-
Total revenues		105,088			-			105,088			-

Cost of revenues		46,818			-			46,818			-

Gross margin		58,270			-			58,270			-

Operating expenses:
General and administrative		494,247			97,034			634,124			852,350

Total operating expenses		494,247			97,034			634,124			852,350

Loss from operations		(435,977	)		(97,034	)		(575,854	)		(852,350	)

Other income (expense):
Interest and other income		1,304			-			1,402			-
Realized gain on sale of investments		85,911			-			367,134			-
Unrealized loss on investments		(64,987	)		-			(3,876	)		-
Interest expense		(34,738	)		(120,128	)		(120,319	)		(217,332	)
Change in fair value of derivative liabilities		273,032			376,412			201,197			1,157,729
Gain (loss) on extinguishment of debt		3,259			(234,210	)		(268,476	)		(349,484	)
Loss on settlement of warrants		(63,765	)		-			(63,765	)		-

Total other income (expense)		200,016			22,074			113,297			590,913

Loss before income taxes		(235,961	)		(74,960	)		(462,557	)		(261,437	)

Provision for income taxes		-			-			-			-

Net loss	$	(235,961	)	$	(74,960	)	$	(462,557	)	$	(261,437	)

Net loss per common share, basic and diluted	$	(0.03	)	$	(0.10	)	$	(0.06	)	$	(0.33	)

Weighted average number of common shares outstanding, basic and diluted		8,252,873			778,930			7,711,319			793,207

Integrated Ventures, Inc.
Condensed Balance Sheets
	September 30, 2020			June 30, 2020
	(Unaudited)
ASSETS
Current assets:
Cash	$	102,435		$	6,675
Prepaid expenses and other current assets		6,500			3,250
Total current assets		108,935			9,925

Non-current assets:
Property and equipment, net of accumulated depreciation and amortization of $319,962 and $805,421 as of September 30, 2020 and June 30, 2020		362,949			453,342
Digital currencies		89,741			82,855
Deposits		700			700
Total assets	$	562,325		$	546,822

LIABILITIES AND STOCKHOLDERS' DEFICIT
Current liabilities:
Accounts payable	$	100,356		$	84,443
Accrued expenses		23,655			25,274
Due to related party		113,220			122,907
Derivative liabilities		209,338			164,834
Convertible notes payable, net of discounts of $56,590 and $88,449 as of September 30, 2020 and June 30, 2020		196,243			251,384
Notes payable		25,405			7,583
Total current liabilities		668,217			656,425

Long-term liabilities:
Convertible note payable, net of discount of $125,413 as of September 30, 2020		146,326			-

Total liabilities		814,543			656,425

Commitments and contingencies

Stockholders’ deficit:
Series A preferred stock, $0.001 par value, (1,000,000 shares authorized, 500,000 shares issued and outstanding as of September 30, 2020 and June 30, 2020)		500			500
Series B preferred stock, $0.001 par value, (500,000 shares authorized, 430,000 shares issued and outstanding as of September 30, 2020 and June 30, 2020, respectively)		430			430
Common stock, $0.001 par value, (750,000,000 shares authorized, 116,506,895 and 103,164,460 shares issued and outstanding as of September 30, 2020 and June 30, 2020, respectively)		116,508			103,165
Additional paid-in capital		22,084,104			21,851,284
Accumulated deficit		(22,453,760	)		(22,064,982	)
Total stockholders’ deficit		(252,218	)		(109,603	)
Total liabilities and stockholders’ deficit	$	562,325		$	546,822

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

Integrated Ventures, Inc.
(formerly EMS Find, Inc.)
Condensed Statements of Cash Flows
(Unaudited)
	Six Months Ended December 31,
	2017			2016
Cash flows from operating activities:
Net loss	$	(462,557	)	$	(261,437	)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation expense		5,264			-
Stock-based compensation		409,000			702,450
Amortization of debt discount		79,631			182,558
Amortization of original issue discount		1,347			19,454
Change in fair value of derivative liability		(201,197	)		(1,157,729	)
Loss on extinguishment of debt		268,476			349,484
Financing fees related to notes payable		32,358			-
Realized (gain) loss on sale of investments		(367,134	)		-
Unrealized loss on investments		3,876			-
Loss on settlement of warrants		63,765			-
Changes in assets and liabilities:
Digital currencies		(61,892	)		-
Prepaid expenses and other current assets		5,000			-
Inventories		(17,730	)		-
Accrued interest receivable		(98	)		-
Accounts payable		(827	)		27,293
Accrued expenses		(1,786	)		2,894
Due to related party		(19,223	)		(10,980	)
Checks written in excess of cash balance		-			(11,695	)

Net cash used in operating activities		(263,727	)		(157,708	)

Cash flows from investing activities:
Net proceeds from the sale of investments		579,460			-
Purchase of investments		(9,651	)		-
Increase in notes receivable		(49,880	)		-
Purchase of property and equipment		(310,832	)		-

Net cash provided by investing activities		209,097			-

Cash flows from financing activities:
Proceeds from convertible notes payable		-			184,257
Proceeds from sale of preferred stock		125,000			-
Proceeds from stock subscriptions payable		35,000			-

Net cash provided by financing activities		160,000			184,257

Net increase in cash		105,370			26,549
Cash, beginning of period		15,691			1,974

Cash, end of period	$	121,061		$	28,523

				(Continued)
See notes to condensed financial statements

Integrated Ventures, Inc.
(formerly EMS Find, Inc.)
Condensed Statements of Cash Flows (Continued)
(Unaudited)
	Six Months Ended December 31,
	2017			2016
Supplemental disclosure of cash flow information:
Cash paid for interest	$	-		$	-
Cash paid for income taxes		-			-

Non-cash investing and financing activities:
Common shares issued for convertible notes payable	$	379,021		$	327,160
Common shares issued for due to related party		15,625			37,500
Common shares issued for cashless exercise of options		188			-
Debt discount for derivative liability		47,617			-
Accrued interest for notes payable		1,117			-
Marketable securities for conversion of notes receivable		66,850			-
Marketable securities exchanged for note payable		(37,074	)		-
Marketable securities exchanged for accrued expenses		(1,370	)		-
Marketable securities exchanged for derivative liabilities		(78,718	)		-
Marketable securities exchanged for accounts receivable		(15,000	)		-
Note payable issued in settlement of warrants		25,000			-
Derivative liabilities extinguished in settlement of warrants		67,064			-

Integrated Ventures, Inc.
Condensed Statements of Operations
(Unaudited)

	Three Months Ended September 30,
	2020			2019

Revenues:
Cryptocurrency mining	$	67,337		$	107,465
Sales of cryptocurrency mining equipment		14,890			-
Total revenues		82,227			107,465

Cost of revenues		189,011			227,083

Gross loss		(106,784	)		(119,618	)

Operating expenses:
General and administrative		99,717			107,385

Loss from operations		(206,501	)		(227,003	)

Other income (expense):
Interest expense		(100,872	)		(301,287	)
Realized gain (loss) on digital currencies		88,375			(3,361	)
Unrealized loss on digital currencies		(2,521	)		-
Loss on disposition of property and equipment		(207,281	)		-
Change in fair value of derivative liabilities		40,022			841,736
Loss on conversion of debt		-			(7,545	)
Digital currency theft loss		-			(33,037	)

Total other income (expense)		(182,277	)		496,506

Income (loss) before income taxes		(388,778	)		269,503

Provision for income taxes		-			-

Net income (loss)	$	(388,778	)	$	269,503

Net income (loss) per common share:
Basic	$	(0.00	)	$	0.01
Diluted	$	(0.00	)	$	0.00

Weighted average number of common shares outstanding:
Basic		111,986,110			35,499,687
Diluted		111,986,110			105,191,630

	Series A Preferred Stock				Series B Preferred Stock				Common Stock				Additional Paid-in		Accumulated
	Shares		Amount		Shares		Amount		Shares		Amount		Capital		Deficit			Total

Balance, June 30, 2020		500,000	$	500		430,000	$	430		103,164,460	$	103,165	$	21,851,284	$	(22,064,982	)	$	(109,603	)

Issuance of common shares in conversion of convertible notes payable		-		-		-		-		13,342,435		13,343		162,524		-			175,867

Settlement of derivative liabilities		-		-		-		-		-		-		70,296		-			70,296

Net loss		-		-		-		-		-		-		-		(388,778	)		(388,778	)

Balance, September 30, 2020		500,000	$	500		430,000	$	430		116,506,895	$	116,508	$	22,084,104	$	(22,453,760	)	$	(252,218	)

Integrated Ventures, Inc.
Condensed Statements of Cash Flows
(Unaudited)

	Three Months Ended September 30,
	2020			2019

Cash flows from operating activities:
Net income (loss)	$	(388,778	)	$	269,503
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation and amortization expense		110,572			144,612
Amortization of debt discount		91,007			282,390
Loss on disposition of property and equipment		207,281			-
Change in fair value of derivative liabilities		(40,022	)		(841,736	)
Realized (gain) loss on sale of digital currencies		(88,375	)		3,361
Unrealized loss on digital currencies		2,521			-
Loss on conversion of debt		-			7,545
Digital currency theft loss		-			33,037
Changes in assets and liabilities:
Digital currencies		(67,699	)		(109,112	)
Prepaid expenses and other current assets		(3,250	)		(3,250	)
Accounts payable		(34,239	)		(77	)
Accrued expenses		10,248			17,987
Due to related party		(9,687	)		9,079
Net cash used in operating activities		(210,421	)		(186,661	)

Cash flows from investing activities:
Proceeds from the sale of digital currencies		2,283,717			62,971
Purchase of digital currencies		(2,086,898	)		-
Purchase of property and equipment		(209,638	)		(110,281	)
Net cash used in investing activities		(12,819	)		(47,310	)

Cash flows from financing activities:
Proceeds from convertible notes payable		319,000			247,000
Net cash provided by financing activities		319,000			247,000

Net increase in cash		95,760			13,029
Cash, beginning of period		6,675			48,310

Cash, end of period	$	102,435		$	61,339

(Continued)

See notes to condensed financial statements

Integrated Ventures, Inc.
Condensed Statements of Cash Flows (Continued)
(Unaudited)

	Three Months Ended September 30,
	2020		2019

Supplemental disclosure of cash flow information:
Cash paid for interest	$	-	$	-
Cash paid for income taxes		-		-

Non-cash investing and financing activities:
Debt discount for derivative liabilities	$	154,822	$	119,157
Common shares issued for convertible notes payable		175,867		265,150
Settlement of derivative liabilities		70,296		115,275
Note payable issued for property and equipment		17,822		-
Equipment deposits for property and equipment		-		27,971
Common shares issued in Series B preferred stock Exchange Agreement		-		399,900

·	~~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.

	Convertible Notes			Warrants			Total

Derivative liabilities at June 30, 2017	$	226,731		$	-		$	226,731
Addition to liability for new debt issued		47,617			-			47,617
Decrease due to conversions of debt		(23,433	)		-			(23,433	)
Decrease due to exchange of warrants		-			(28,299	)		(28,299	)
Change in fair value		(229,496	)		28,299			(201,197	)

Derivative liabilities at December 31, 2017	$	21,419		$	-		$	21,419

Extinguishment of debt to Global:
Convertible note payable dated December 30, 2017	$	25,000
Convertible note payable dated July 31, 2017		12,074
Accrued interest payable		1,370
Accounts receivable		15,000

Total	$	53,444

	December 31, 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	$	(5,981	)	$	-	$	10,519	$	-	$	-		$	-		$	-
A1 Solar Corp.			5,559		(1,620	)				3,939		-		-			-			-
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		$	22,059	$	(7,601	)	$	-	$	14,458	$	88,776	$	(39,615	)	$	(1,347	)	$	47,814

	September 30, 2020						June 30, 2020
			Debt						Debt
	Principal		Discount		Net		Principal		Discount		Net

BHP Capital NY, Inc. #4	$	-	$	-	$	-	$	66,000	$	13,193	$	52,807

Armada Investment Fund, LLC #5		-		-		-		20,000		2,739		17,261

Armada Investment Fund, LLC #6		-		-		-		22,000		4,167		17,833

BHP Capital NY, Inc. #5		83,333		7,540		75,793		83,333		21,141		62,192

BHP Capital NY, Inc. #6		60,500		12,041		48,459		60,500		19,188		41,312

Armada Investment Fund, LLC #7		32,000		2,904		29,096		88,000		28,021		59,979

JSJ Investments Inc. #1		77,000		34,105		42,895		-		-		-

Total	$	252,833	$	56,590	$	196,243	$	339,833	$	88,449	$	251,384

	Number of Warrants			Weighted Average Exercise Price		Weighted Average Remaining Contract Term (Years)		Aggregate Intrinsic Value

Outstanding at June 30, 2017		12,817		$	4.33		5.25	$	-
Granted		-		$	-
Exercised		(502	)	$	7.50
Cancelled or expired		(11,115	)	$	3.30

Outstanding and exercisable at December 31, 2017		1,200		$	12.50		1.30	$	-

	Convertible Notes Payable			Common Stock Subscription			Total

Derivative liabilities at June 30, 2020	$	163,664		$	1,170		$	164,834
Addition to liabilities for new debt		154,822			-			154,822
Decrease due to conversions/assignments		(70,296	)		-			(70,296	)
Change in fair value		(39,658	)		(364	)		(40,022	)

Derivative liabilities at September 30, 2020	$	208,532		$	806		$	209,338

	·	Stock prices on all measurement dates were based on the fair market value

	·	Risk-free interest rate of 0.07% to 0.15%

	·	The probability of future financing was estimated at 100%

	·	Computed volatility ranging from 147% to 230%

	Three Months Ended September:
	2020			2019

Interest expense	$	(100,872	)	$	(301,287	)
Realized gain (loss) on digital currencies (net of transaction costs)		88,375			(3,361	)
Unrealized loss on digital currencies		(2,521	)		-
Loss on disposition of property and equipment		(207,281	)		-
Change in fair value of derivative liabilities		40,022			841,736
Loss on conversion of debt		-			(7,545	)
Digital currency theft loss		-			(33,037	)

Total other income (expense)	$	(182,277	)	$	496,506

	1.	~~The Company intends to appoint additional~~As of September 30, 2020, we did not maintain effective controls over the control environment. Specifically, the Board of Directors does not currently have any independent ~~directors;~~members and no director qualifies as an audit committee financial expert as defined in Item 407(d)(5)(ii) of Regulation S-B. Since these entity level programs have a pervasive effect across the organization, management has determined that these circumstances constitute a material weakness.

	2.	~~Lack~~As of ~~in-house personnel with~~September 30, 2020, due to the ~~technical knowledge~~inherent issue of segregation of duties in a small company, we have relied heavily on entity or management review controls and engaged an outside financial consultant to ~~identify~~lessen the issue of segregation of duties over accounting, financial close procedures and ~~address some of the reporting issues surrounding certain complex or non-routine transactions. With material, complex and non-routine transactions,~~controls over financial statement disclosure. Accordingly, management has ~~and will continue to seek guidance from third-party experts and/or consultants to gain~~determined that this control deficiency constitutes a ~~thorough understanding of these transactions;~~material weakness.

	3.	~~Insufficient personnel resources within~~As of September 30, 2020, we did not establish a written policy for the ~~accounting function to segregate the duties over financial transaction processing~~approval, identification and ~~reporting;~~
	4.	~~Insufficient written policies and procedures over accounting transaction processing and period end financial disclosure and reporting processes.~~authorization of related party transactions. Accordingly, management has determined that this control deficiency constitutes a material weakness.

	·	~~The Company will add sufficient number of independent directors to the board and appoint additional member(s) to the Audit Committee.~~
	·	~~The Company will add sufficient accounting personnel or outside consultants to properly segregate duties and to effect a timely, accurate preparation of the financial statements.~~
	·	~~The Company will hire staff or outside consultants technically proficient at applying U.S. GAAP to financial transactions and reporting.~~
	·	~~Upon the hiring of additional accounting personnel or outside consultants, the Company will develop and maintain adequate written accounting policies and procedures.~~

Exhibit Number		Exhibit Description
31.1		Rule 13a-14(a)/15d-14(a) Certification of Chief Executive Officer and Principal Financial Officer. Filed herewith.
32.1		Section 1350 Certification of Chief Executive Officer and Principal Financial Officer. Filed herewith.

101.INS		XBRL Instance Document *
101.SCH		XBRL Taxonomy Extension Schema *
101.CAL		XBRL Taxonomy Extension Calculation Linkbase *
101.DEF		XBRL Taxonomy Extension Definition Linkbase *
101.LAB		XBRL Taxonomy Extension Label Linkbase *
101.PRE		XBRL Taxonomy Extension Presentation Linkbase *

	INTEGRATED VENTURES, INC.

Dated: ~~February 14, 2018~~November 13, 2020	By:	/s/ Steve Rubakh
		~~Steve Rubakh~~
		President and Chief Executive Officer and Principal Financial Officer


~~Exhibit Number~~		~~Exhibit Description~~
~~31.1~~		~~Rule 13a-14(a)/15d-14(a) Certification of Chief Executive Officer and Principal Financial Officer. Filed herewith.~~
~~32.1~~		~~Section 1350 Certification of Chief Executive Officer and Principal Financial Officer. Filed herewith.~~

~~101.INS~~		XBRL Instance Document *
~~101.SCH~~		XBRL Taxonomy Extension Schema *
~~101.CAL~~		XBRL Taxonomy Extension Calculation Linkbase *
~~101.DEF~~		XBRL Taxonomy Extension Definition Linkbase *
~~101.LAB~~		XBRL Taxonomy Extension Label Linkbase *
~~101.PRE~~		XBRL Taxonomy Extension Presentation Linkbase * 36