☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ~~FOR THE QUARTERLY PERIOD ENDED~~

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ~~FOR THE TRANSITION PERIOD FROM__________ TO ___________~~

(Name of ~~small business issuer~~registrant as specified in its charter) ~~Colorado 84-1017107 (State~~

(Former name or Other Jurisdiction of (I.R.S. Employer Incorporation or Organization) Identification No.) 25115 Avenue Stanford, Suite 320, Valencia, California 91355 (Address of Principal Executive Offices) (661) 295-6763 (Issuer's Telephone Number, Including Area Code) Not applicable (Former name, former address and former fiscal year, if changed since last report)

Indicate by check mark whether the registrant (1) ~~has~~ filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ~~|X|~~☐ No ~~| |~~ ☒

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 (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☐ No ☒

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

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. (Check one): Large accelerated filer | | Accelerated filer | | Non-accelerated filer | | Smaller reporting company |X| (Do not check if a smaller reporting company) ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ~~|X|~~☒ No ~~| | As~~☐

The number of ~~August 18, 2008, there were 28,821,560,267~~shares outstanding of the registrant’s common stock, par value $0 per share, as of July 30, 2021, was 888,579.

* On March 10, 2021, the Company implemented a 10,000 to 1 reverse split of the issued and outstanding shares of its common stock. Except for shares authorized, all references to number of shares and per share information in these unaudited financial statements have been retroactively adjusted to reflect such split.

See notes to the issuer's common stock, no par value, outstanding. - -------------------------------------------------------------------------------- PART I - FINANCIAL INFORMATION Page ---- Item 1. Financial Statements. Condensed Consolidated Balance Sheets as of June 30, 2008 (unaudited)and September 30, 2007 (audited)........................................F-1 Condensed Consolidated Statements of Operations for the Three and Nine Months Ended June 30, 2008 (unaudited) and 2007 (unaudited) and the Cumulative Period From December 1, 1990 (Inception) Through June 30, 2008 (unaudited)......................................F-3 Condensed Consolidated Statements of Changes in Shareholders' Equity (Deficit) for the Cumulative Period From December 1, 1990 (Inception) Through June 30, 2008 (unaudited).........F-4 Condensed Consolidated Statements of Cash Flows for the Nine Months Ended June 30, 2008 (unaudited) and 2007 (unaudited) and the Cumulative Period From December 1, 1990 (Inception) Through June 30, 2008 (unaudited).............................................F-17 Notes to Condensed Consolidated Financial Statements (unaudited)...........F-20 Item 2. Management's Discussion and Analysis or Plan of Operations...........2 Item 3. Quantitative and Qualitative Disclosures About Market Risk...........9 Item 4. Controls and Procedures.............................................10 Item 4T. Controls and Procedures.............................................10 PART II - OTHER INFORMATION Item 1. Legal Proceedings...................................................10 Item 1A. Risk Factors........................................................10 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.........10 Item 3. Defaults Upon Senior Securities.....................................10 Item 4. Submission of Matters to a Vote of Security Holders.................12 Item 5. Other Information...................................................12 Item 6. Exhibits............................................................12 Signatures...................................................................13 Exhibits Filed with this Report on Form 10-Q ITEM 1. FINANCIAL STATEMENTS. unaudited financial statements.

UNAUDITED CONDENSED ~~CONSOLIDATED BALANCE SHEET June 30, 2008~~STATEMENTS OF OPERATIONS

* On March 10, 2021, the Company implemented a 10,000 to 1 reverse split of the issued and ~~September 30, 2007~~ outstanding shares of its common stock. Except for shares authorized, all references to number of shares and per share information in these unaudited financial statements have been retroactively adjusted to reflect such split.

June 30, Sept. 30, 2008 2007 Unaudited Audited -------------- -------- Assets Current assets Cash and cash equivalents $ 123 40,834 Employee advance 42,056 1,000 Prepaid expenses 23,251 87,553 -------------- -------- Total current assets 65,430 129,387 Property and equipment, net of accumulated depreciation of $394,919 82,729 98,183 Other assets Deposits 4,698 4,698 Loan fees, net of accumulated amortization of $512,056 19,724 25,392 ---------- ------- Total assets $ 172,581 257,660 ========== ======= The accompanying notes are an integral part of these condensed consolidated financial statements. F-1 CONECTISYS CORPORATION AND SUBSIDIARIES (A Development Stage Company) CONDENSED CONSOLIDATED BALANCE SHEET June 30, 2008 and September 30, 2007 June 30, Sept. 30, 2008 2007 Unaudited Audited ------------------ ---------- LIABILITIES AND SHAREHOLDERS' DEFICIT Current liabilities Accounts payable $ 238,727 208,538 Accrued compensation 2,418,148 2,070,615 Due to officers 40,174 537 Accrued interest payable 498,132 360,614 Other current liabilities 144,677 14,352 Notes payable and current portion of long-term debt 2,029,107 2,072,303 ------------- --------- Total current liabilities 5,368,965 4,726,959 Long-term debt, net of current portion 4,604,205 3,789,300 Commitments and contingencies - - SHAREHOLDERS' DEFICIT Preferred stock - Class A, $1.00 par value; 1,000,000 shares authorized, 215,865 shares issued and outstanding 215,865 215,865 Convertible preferred stock - Class B, $1.00 par value; 1,000,000 shares authorized, -0- shares issued and outstanding 0 - Common stock - no par value; 50,000,000,000 shares authorized, 28,820,358,267 and 23,177,633,821 shares issued and outstanding respectfully 30,198,397 29,538,421 Additional paid-in capital: Convertible preferred stock - Class B, $1.00 par value, 1,000,000 stock options exercisable 100,000 100,000 Common stock - no par value 67,620,000 warrants exercisable 1,373,082 1,372,514 Accumulated deficit during development stage (41,687,933) (39,485,399) ------------ ------------ Total shareholders' deficit (9,800,589) (8,258,599) ------------ ------------ Total liabilities and shareholders' deficit $ 172,581 257,660 ============ ============ The accompanying notes are an integral part of these condensed consolidated financial statements.

~~F-2~~ CONECTISYS CORPORATION AND SUBSIDIARIES (A Development Stage Company) CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS For the Three and Nine Months Ended June 30, 2008 and 2007 And the Cumulative Period From December 1, 1990 (Inception) Through June 30, 2008 Dec. 1, 1990 (Inception) Period 3 Months Ended 3 Months Ended 9 Months Ended 9 Months Ended Through Jun. 30 Jun. 30 Jun. 30 Jun. 30 Jun. 30 2008 2007 2008 2007 2008 Unaudited Unaudited Unaudited Unaudited Unaudited Revenues $ 0 $ 6,922 $ 0 $ 6,922 $ 524,382 Cost of prototypes and samples 0 80,082 48,765 140,271 1,616,026 ----------------- ----------------- ----------------- ----------------- ----------- Gross loss 0 (73,160) (48,765) (133,349) (1,091,644) General and administrative expenses 290,627 425,617 1,052,539 1,086,076 26,595,254 Bad debt 0 0 0 0 1,680,522 Write-off of deposits and intangible assets 0 10,000 0 10,000 1,331,714 ----------------- ----------------- ----------------- ----------------- ----------- Loss from operations (290,627) (508,777) (1,101,304) (1,229,425) (30,699,134) Other income (expenses) Forgiveness of debt 0 0 0 0 504,462 Settlement 0 0 0 0 (125,000) Other income 0 0 0 0 12,072 Interest income 0 397 0 4,150 111,542 Interest expense (266,280) (498,788) (1,101,230) (1,406,482) (11,554,375) Minority interest 0 0 0 0 62,500 ----------------- ----------------- ----------------- ----------------- ----------- Net loss $ (556,907) $ (1,007,168)$ (2,202,534) $ (2,631,757)$ (41,687,933) ================= ================= ================= ================= ============ Weighted-average shares outstanding 28,820,358,267 20,409,372,713 25,150,934,791 17,747,268,701 Net loss per share, basic and diluted (0.00) (0.00) (0.00) (0.00) The accompanying notes are an integral part of these condensed consolidated financial statements.

~~F-3~~ CONECTISYS CORPORATION AND SUBSIDIARIES (A Development Stage Company) CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (DEFICIT) For the Cumulative Period from December 1, 1990 (Inception) Through June 30, 2008 Deficit Accumulated Total Preferred Stock Common Stock Additional Stock During the Shareholders' Class A and B No Par Value Paid in Subscription Development Equity Shares Value Shares Value Capital Receivable Stage (Deficit) ---------- ---------- ----------- ---------- ---------- ----------- ----------- ----------- Balance, Dec. 1, 1990 (re-entry development stage) 0 $ 0 10,609 $ 1,042,140 $ 0 $ 0 $(1,042,140)$ 0 Shares issued in exchange for: Cash, Aug. 1993 0 0 1,000 1,000 0 0 0 1,000 Capital contribution, Aug. 1993 0 0 2,000 515 0 0 0 515 Services, Mar. 1993 0 0 2,000 500 0 0 0 500 Services, Mar. 1993 0 0 1,200 600 0 0 0 600 Net loss for the year 0 0 0 0 0 0 (5,459) (5,459) -------- ---------- ------------- -------- --------- ----------- ---------- --------- Balance, November 30, 1993 0 0 16,809 1,044,755 0 0 (1,047,599) (2,844) Shares issued in exchange for: Services, May 1994 0 0 2,400 3,000 0 0 0 3,000 Cash, Sep. 1994 0 0 17,771 23,655 0 0 0 23,655 Services, Sep. 1994 0 0 8,700 11,614 0 0 0 11,614 Cash, Sep. 1994 0 0 3,000 15,000 0 0 0 15,000 Cash, Oct. 1994 16,345 A 16,345 0 0 0 0 0 16,345 Cash, Sep. and Oct. 1994 0 1,320 33,000 0 0 0 33,000 Net loss for the year 0 0 0 0 0 0 (32,544) (32,544) ---------- ---------- ------------- ---------- -------- ---------- ------------ --------- Balance, November 30, 1994 16,345 $ 16,345 50,000 $ 1,131,024 $ 0 $ 0 $(1,080,143) $ 67,226 The accompanying notes are an integral part of these condensed consolidated financial statements. F-4 CONECTISYS CORPORATION AND SUBSIDIARIES (A Development Stage Company) CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (DEFICIT) For the Cumulative Period from December 1, 1990 (Inception) Through June 30, 2008 Deficit Accumulated Total Preferred Stock Common Stock Additional Stock During the Shareholders' Class A & B No Par Value Paid-in Subscript. Development Equity Shares Value Shares Value Capital Receivable Stage (Deficit) --------- ---------- ---------- ----------- ---------- ---------- ------------ ----------- Shares issued in exchange for: Cash, February 13, 1995 - $ - 1,160 $ 232,000 $ - $ - $ - $ 232,000 Debt repayment, February 13, 1995 - - 2,040 408,000 - - - 408,000 Debt repayment, February 20, 1995 - - 4,778 477,810 - - - 477,810 Acquisition of assets, CIPI February 1995 - - 28,750 1,950,000 - - - 1,950,000 Acquisition of assets, April 5, 1995 - - 15,000 - - - - - Cash and services, April and May 1995 - - 16,000 800,000 - - - 800,000 Cash, June 1, 1995 - - 500 30,000 - - - 30,000 Acquisition of assets and services, September 26, 1995 - - 4,000 200,000 - - - 200,000 Cash, September 28, 1995 - - 41 3,000 - - - 3,000 Acquisition of assets, September 1995 - - 35,000 1,750,000 - - - 1,750,000 Return of assets, CIPI September 1995 - - (27,700) (1,950,000) - - - (1,950,000) Net loss for the year - - - - - - (2,293,867) (2,293,867) --------- ----------- -------- ----------- -------- ------------ ---------- ----------- Balance, November 30, 1995 16,345 $ 16,345 129,569 $ 5,031,834 $ - $ - $(3,374,010)$ 1,674,169 Shares issued in exchange for: Cash, February 1996 - - 1,389 152,779 - - - 152,779 Debt repayment, February 1996 - - 10,000 612,000 - - - 612,000 Services, February 1996 - - 3,160 205,892 - - - 205,892 Cash, March 1996 - - 179 25,000 - - - 25,000 The accompanying notes are an integral part of these condensed consolidated financial statements. F-5 CONECTISYS CORPORATION AND SUBSIDIARIES (A Development Stage Company) CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (DEFICIT) For the Cumulative Period from December 1, 1990 (Inception) Through June 30, 2008 Deficit Accumulated Total Preferred Stock Common Stock Additional Stock During the Shareholders' Class A & B No Par Value Paid-in Subscript. Development Equity Shares Value Shares Value Capital Receivable Stage (Deficit) --------- ---------- ---------- ----------- ---------- ---------- ------------ ----------- Shares returned and canceled, March, 1996 - $ - (15,000)$ - $ - $ - $ - $ - Services, April 1996 - - 13 2,069 - - - 2,069 Services, September 1996 4,155 4,155 586 36,317 - - - 40,472 Services, October 1996 - - 6,540 327,000 - - - 327,000 Debt repayment, November 1996 - - 2,350 64,330 - - - 64,330 Net loss for the year - - - - - - (2,238,933) (2,238,933) --------- ---------- ---------- ----------- ---------- --------- ------------ ----------- Balance, November 30, 1996 20,500 $ 20,500 138,786 $ 6,457,221 $ - $ - $ (5,612,943) $ 864,778 Shares issued in exchange for: Services, March 1997 - - 228 6,879 - - - 6,879 Services, April 1997 - - 800 13,120 - - - 13,120 Services, July 1997 - - 1,500 16,200 - - - 16,200 Cash, July 1997 - - 15,000 300,000 - - - 300,000 Services, August 1997 - - 5,958 56,000 - - - 56,000 Adjustment for partial shares due to reverse stock split (1:20) - - 113 - - - - - Services, October 1997 - - 1,469,666 587,865 - - - 587,865 Debt repayment, October 1997 - - 1,540,267 620,507 - - - 620,507 Cash, October 1997 - - 1,500,000 281,250 - - - 281,250 Services, November 1997 - - 4,950 10,538 - - - 10,538 Net loss for the year - - - - - - (2,739,268) (2,739,268) --------- ---------- ---------- ----------- ---------- ---------- ----------- ----------- Balance, November 30, 1997 20,500 $ 20,500 4,677,268 $ 8,349,580 $ - $ - $(8,352,211)$ 17,869 The accompanying notes are an integral part of these condensed consolidated financial statements. F-6 CONECTISYS CORPORATION AND SUBSIDIARIES (A Development Stage Company) CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (DEFICIT) For the Cumulative Period from December 1, 1990 (Inception) Through June 30, 2008 Deficit Accumulated Total Preferred Stock Common Stock Additional Stock During the Shareholders' Class A & B No Par Value Paid-in Subscript. Development Equity Shares Value Shares Value Capital Receivable Stage (Deficit) --------- ---------- ---------- ----------- ---------- ---------- ------------ ----------- Shares issued in exchange for: Services, December 1997 through November 1998 - $ - 2,551,610 $ 2,338,264 $ - $ - $ - $ 2,338,264 Debt repayment, April 1998 through September 1998 - - 250,000 129,960 - - - 129,960 Cash, January 1998 through July 1998 - - 4,833,334 1,139,218 - - - 1,139,218 Acquisition of assets, July 1998 - - 300,000 421,478 - - - 421,478 Acquisition of remaining 20% minority interest in subsidiary, July 1998 - - 50,000 59,247 - - - 59,247 Services, November 1998 60,000 60,000 - - - - - 60,000 Net loss for the year - - - - - - (4,928,682) (4,928,682) --------- ---------- ---------- ----------- ---------- ------------ ---------- ----------- Balance, November 30, 1998 80,500 $ 80,500 12,662,212 $12,437,747 $ - $ - $(13,280,893)$ (762,646) Shares issued in exchange for: Shares returned and canceled, December, 1998 - - (1,350,000) (814,536) - - - (814,536) Services, December 1998 through September 1999 - - 560,029 349,454 150,000 - - 499,454 Cash, December 1998 through September 1999 - - 1,155,800 129,537 - - - 129,537 Debt repayment, Sept. 1999 39,520 39,520 960,321 197,500 100,000 - - 337,020 Net loss for the period - - - - - - (1,323,831) (1,323,831) --------- ---------- ---------- ----------- -------- ------------ ---------- ----------- Balance, September 30, 1999 120,020 $ 120,020 13,988,362 $12,299,702 $250,000 $ - $(14,604,724)$(1,935,002) The accompanying notes are an integral part of these condensed consolidated financial statements. F-7 CONECTISYS CORPORATION AND SUBSIDIARIES (A Development Stage Company) CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (DEFICIT) For the Cumulative Period from December 1, 1990 (Inception) Through June 30, 2008 Deficit Accumulated Total Preferred Stock Common Stock Additional Stock During the Shareholders' Class A & B No Par Value Paid-in Subscript. Development Equity Shares Value Shares Value Capital Receivable Stage (Deficit) --------- ---------- ---------- ----------- ---------- ---------- ------------ ----------- Shares re-acquired and canceled, October 1999 - $ - (17,500)$ (12,000)$ - $ - $ - $ (12,000) Shares issued in exchange for: Services, October 1999 through September 2000, valued from $0.25 to $0.80 per share - - 2,405,469 990,949 - - - 990,949 Retainers, debt and accrued liabilities, October 1999 through September 2000, valued from $0.25 to $1.57 per share - - 2,799,579 1,171,638 - - - 1,171,638 Cash, October 1999 through September 2000, with subscription prices ranging from $0.25 to $0.66 per share - - 2,295,482 839,425 - (15,450) - 823,975 Issuance of 563,500 consultant stock options, March 2000, at an exercise price of $2.00 per share - - - - 214,130 - - 214,130 Reduction of exercise prices on 2,600,000 officer and employee common stock options, March 2000, to $0.38 and approximately $0.39 per share - - - - 1,113,610 - 1,113,610 Exercise of 2,056,346 common and 20,000 preferred officer stock options, May 2000, with common stock exercise prices ranging from $0.15 to approx. $0.39 per share, in exchange for officer debt 20,000 20,000 2,056,346 897,707 (407,735) - - 509,972 Issuance of 500,000 consultant stock options, September 2000, with floating exercise prices set at 15% below current market - - - - 65,000 - - 65,000 Net loss for the year - - - - - - (3,812,140) (3,812,140) --------- ---------- ---------- ----------- ---------- ---------- ------------ ----------- Balance, September 30, 2000 140,020 $ 140,020 23,527,738 $16,187,421 $1,235,005 $ (15,450)$(18,416,864)$( 869,868) The accompanying notes are an integral part of these condensed consolidated financial statements. F-8 CONECTISYS CORPORATION AND SUBSIDIARIES (A Development Stage Company) CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (DEFICIT) For the Cumulative Period from December 1, 1990 (Inception) Through June 30, 2008 Deficit Accumulated Total Preferred Stock Common Stock Additional Stock During the Shareholders' Class A & B No Par Value Paid-in Subscript. Development Equity Shares Value Shares Value Capital Receivable Stage (Deficit) --------- ---------- ---------- ----------- ---------- ---------- ------------ ----------- Shares issued in exchange for: Services, October, 2000 through September, 2001, valued from $0.11 to $0.40 per share - $ - 3,471,007 $ 572,790 $ - $ - $ - $ 572,790 Retainers, debt and accrued liabilities, October 2000 through September 2001, valued from $0.11 to $0.43 per share - - 3,688,989 487,121 - - - 487,121 Cash, October 2000 through March 2001, with subscription prices ranging from $0.075 to $0.083 per share - - 1,045,500 78,787 - - - 78,787 Collection of stock subscription receivable, October 2000, on 61,800 shares - - - - - 15,450 - 15,450 Exercise of 400,000 common stock options, January 2001, at a exercise price of $0.085 per share, in exchange for debt - - 400,000 86,000 (52,000) - - 34,000 Issuance of 1,000,000 common stock warrants, April 2001, at an exercise price of $0.192 per share, in conjunction with $300,000 principal value of 8% convertible debt - - - - 77,228 - - 77,228 Issuance of 2,000,000 consultant stock options, September 2001, at a exercise price of $0.13 per share - - - - 115,000 - - 115,000 Beneficial conversion option, April 2001 through September 2001, pertaining to $300,000 principal value and accrued interest on 8% convertible debt - - - - 155,027 - - 155,027 Net loss for the year - - - - - - (2,154,567) (2,154,567) --------- ---------- ---------- ----------- ---------- ---------- ------------ ----------- Balance, September 30, 2001 140,020 $ 140,020 32,133,234 $17,412,119 $1,530,260 $ - $(20,571,431)$(1,489,032) The accompanying notes are an integral part of these condensed consolidated financial statements. F-9 CONECTISYS CORPORATION AND SUBSIDIARIES (A Development Stage Company) CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (DEFICIT) For the Cumulative Period from December 1, 1990 (Inception) Through June 30, 2008 Deficit Accumulated Total Preferred Stock Common Stock Additional Stock During the Shareholders' Class A & B No Par Value Paid-in Subscript. Development Equity Shares Value Shares Value Capital Receivable Stage (Deficit) --------- ---------- ---------- ----------- ---------- ---------- ------------ ----------- Shares issued in exchange for: Services, October 2001 through September 2002, valued from $0.02 to $0.25 per share - $ - 2,180,000 $ 179,916 $ - $ - $ - $ 179,916 Debt and accrued liabilities, October 2001 through September 2002, with common shares valued from $0.01 to $0.15 per share and preferred A shares valued at $1.00 per share 60,000 60,000 10,948,077 428,563 - - - 488,563 Cash, October 2001 through September 2001, with prices ranging from $0.01 to $0.083 per share - - 5,833,334 200,000 - - - 200,000 Exercise of 550,000 common stock options by a consultant at a exercise price of $0.13 per share, in exchange for debt - - 550,000 103,125 (31,625) - - 71,500 Issuance of 3,750,000 warrants, April 2002 through June 2002, at an exercise price of $0.045 per share, in conjunction with $750,000 principal value of 12% convertible debt - - - - 100,087 - - 100,087 Beneficial conversion option, April 2002, through June 2002, pertaining to $750,000 principal value of 12% convertible debt - - - - 649,913 - - 649,913 Conversion of $93,130 principal value of 12% convertible debt along with $6,916 accrued interest, net of $69,233 convertible debt discount - - 12,667,178 111,515 (80,702) - - 30,813 Net loss for the year - - - - - - (2,346,732) (2,346,732) --------- ---------- ---------- ----------- ---------- ---------- ------------ ----------- Balance, September 30, 2002 200,020 $ 200,020 64,311,823 $18,435,238 $2,167,933 $ - $(22,918,163)$(2,114,972) The accompanying notes are an integral part of these condensed consolidated financial statements. F-10 CONECTISYS CORPORATION AND SUBSIDIARIES (A Development Stage Company) CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (DEFICIT) For the Cumulative Period from December 1, 1990 (Inception) Through June 30, 2008 Deficit Accumulated Total Preferred Stock Common Stock Additional Stock During the Shareholders' Class A & B No Par Value Paid-in Subscript. Development Equity Shares Value Shares Value Capital Receivable Stage (Deficit) --------- ---------- ---------- ----------- ---------- ---------- ------------ ----------- Shares issued in exchange for: Services, October 2002 through July, 2003, valued from $0.0012 to $0.0100 share - $ - 31,500,000 $ 134,000 $ - $ - $ - $ 134,000 Debt and accrued liabilities, October 2002 through September 2003, valued from $0.0010 to $0.0512 per share, including transfer of $155,027 beneficial conversion option 162,134,748 704,774 (155,027) - - 549,747 Cash, November 2002 through September 2003, with prices ranging from $0.0010 to $0.100 per share - - 128,500,000 180,000 - - - 180,000 Issuance of 2,500,000 warrants, November 2002 through May 2003, at an exercise price of $0.005 per share, in conjunction with $500,000 principal value of 12% convertible debt - - - - 9,816 - - 9,816 Beneficial conversion option, November 2002, through May 2003, pertaining to $500,000 principal value of 12% convertible debt - - - - 490,184 - - 490,184 Conversion of $193,665 principal value of 12% convertible debt along with $34,355 accrued interest, net of $52,340 convertible debt discount - - 103,778,301 353,525 (177,845) - - 175,680 Net loss for the year - - - - - - (2,386,875) (2,386,875) --------- ---------- ----------- ----------- ---------- ---------- ------------ ----------- Balance, September 30, 2003 200,020 $ 200,020 490,224,872 $19,807,537 $2,335,061 $ - $(25,305,038)$(2,962,420) The accompanying notes are an integral part of these condensed consolidated financial statements. F-11 CONECTISYS CORPORATION AND SUBSIDIARIES (A Development Stage Company) CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (DEFICIT) For the Cumulative Period from December 1, 1990 (Inception) Through June 30, 2008 Deficit Accumulated Total Preferred Stock Common Stock Additional Stock During the Shareholders' Class A & B No Par Value Paid-in Subscript. Development Equity Shares Value Shares Value Capital Receivable Stage (Deficit) --------- ---------- ---------- ----------- ---------- ---------- ------------ ----------- Shares issued in exchange for: Services, October 2003 through August 2004 valued from $0.0008 to $0.0026 per share 0 $ 0 57,300,000 $ 78,400 $ 0 $ 0 $ 0 $ 78,400 Issuance of 7,000,000 warrants November 2003 through September 2004 at exercise Prices ranging from $0.002 to $0.005 per share, in conjunction with $2,000,000 principal value of 12% convertible debt 0 0 0 0 9,447 0 0 9,447 Debt and accrued liabilities December 2003 with preferred stock class A valued at $1.00 per share 15,845 A 15,845 0 0 0 0 0 15,845 Debt and accrued liabilities November 2003 to September 2004 with common shares valued from $0.001 to $0.0025 per share 0 0 156,625,000 163,575 0 0 0 163,575 Cash, November 2003 through March 2004 with prices of approximately $0.0010 0 0 74,670,000 75,000 0 0 0 75,000 per share Re-characterization of beneficial conversion option as derivative conversion option , October 2003 pertaining to $963,205 of convertible debt at September 30, 2003 0 0 0 0 (881,550) 0 0 (881,550) Conversion of $218,115 principal value of 12% convertible debt $327,172 of derivative conversion option along with $49,008 accrued interest, net of $28,571 convertible debt discount 0 0 352,352,250 565,724 0 0 565,724 Net loss for the year 0 0 0 0 0 0 (4,228,827)(4,228,827) --------- ---------- ----------- ----------- ----------- ---------- ------------ ----------- Balance, September 30, 2004 215,865 $215,865 1,131,172,122 $20,690,236 $1,462,958 $ 0 $(29,533,865)$(7,164,806) The accompanying notes are an integral part of these condensed consolidated financial statements. F-12 CONECTISYS CORPORATION AND SUBSIDIARIES (A Development Stage Company) CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (DEFICIT) For the Cumulative Period from December 1, 1990 (Inception) Through June 30, 2008 Deficit Accumulated Total Preferred Stock Common Stock Additional Stock During the Shareholders' Class A & B No Par Value Paid-in Subscript. Development Equity Shares Value Shares Value Capital Receivable Stage (Deficit) --------- ---------- ---------- ----------- ---------- ---------- ----------- ------------ Shares issued in exchange for: Cash, January 2005 with a price of $0.00125 per share 0 $ 0 4,000,000 $ 5,000 $ 0 $ 0 $ 0 % 5,000 Debt, accrued liabilities and prepaid retainer October 2004 to September 2005 with common shares valued from $0.0004 to $0.0010 per share 0 0 591,300,000 473,362 0 0 0 473,362 Services, December 2004 through August 2005 valued from $0.0006 to $0.0010 per share 0 0 52,000,000 46,200 0 0 0 46,200 Issuance of 2,800,000 warrants November 2004 through September 2005 at an exercise price of $0.0039 per share, in conjunction with $1,400,000 principle value of 12% convertible debt 0 0 0 0 3,756 0 0 3,756 Conversion of $2,529,378 principal value of convertible debt, $3,794,067 of derivative conversion option along with $104,410 accrued interest, net of $973,565 convertible debt discount 0 0 5,610,392,876 5,454,290 0 0 5,454,290 Net loss for the year 0 0 0 0 0 0 (3,132,683) (3,132,683) ----------- -------- ------------- ----------- --------- ---------- ---------- ----------- Balance, September 30, 2005 215,865 $215,865 7,388,864,998 $26,669,088 $1,466,714$ 0 $(32,666,548) $(4,314,881) The accompanying notes are an integral part of these condensed consolidated financial statements. F-13 CONECTISYS CORPORATION AND SUBSIDIARIES (A Development Stage Company) CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (DEFICIT) For the Cumulative Period from December 1, 1990 (Inception) Through June 30, 2008 Deficit Accumulated Total Preferred Stock Common Stock Additional Stock During the Shareholders' Class A & B No Par Value Paid-in Subscript. Development Equity Shares Value Shares Value Capital Receivable Stage (Deficit) -------- -------- ------------ ---------- --------- ---------- ----------- ------------ Shares issued in exchange for: Cash, April through July 2006 with prices ranging from $0.00015 to $0.00050 per share 0 $ 0 533,333,333 $125,000 $ 0 $ 0 $ 0 $ 125,000 Services, March 2006 valued at approximately $0.00071 per share 0 0 4,368,872 3,100 0 0 0 3,100 Issuance of 20,320,000 warrants September 2006 at an exercise price of $0.0009 per share, in conjunction with $1,270,000 principal value of 6% convertible debt 0 0 0 0 4,551 0 0 4,551 Conversion of $547,376 principal value of 8% and 12% convertible debt, $821,065 of derivative conversion option, along with $8,300 accrued interest, net of $243,177 convertible debt discount 0 0 6,458,227,580 1,133,564 0 0 0 1,133,564 Net loss for the period 0 0 0 0 0 0 (3,052,297) (3,052,297) ---------- ---------- ------------- ----------- ---------- ------ ----------- ------------ Balance, September 30, 2006 215,865 $ 215,865 14,384,794,783 $27,930,753 $1,471,265 $ 0$(35,718,845) $(6,100,962) The accompanying notes are an integral part of these condensed consolidated financial statements. F-14 CONECTISYS CORPORATION AND SUBSIDIARIES (A Development Stage Company) CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (DEFICIT) For the Cumulative Period from December 1, 1990 (Inception) Through June 30, 2008 Deficit Accumulated Total Preferred Stock Common Stock Additional Stock During the Shareholders' Class A & B No Par Value Paid-in Subscript. Development Equity Shares Value Shares Value Capital Receivable Stage (Deficit) -------- -------- ------------ ---------- --------- ---------- ----------- ------------ Shares issued in exchange for: Accrued liabilities, November 2006, at a price of approximately $0.0005 per share 0 $ 0 250,000,000 $ 124,165 $ 0 $ 0 $ 0 $ 124,165 Services, February 2007, valued at $0.0003 per share 0 0 75,000,000 22,500 0 0 0 22,500 Issuance of 19,000,000 warrants February 2007 through September 2007, at an exercise price of $0.0009 per share, in conjunction with $950,000 principal value of 6% convertible debt 0 0 0 0 1,249 0 0 1,249 Conversion of $409,864 principal value of 8% and 12% convertible debt, $614,795 of derivative conversion option, along with $436,344 accrued interest 0 0 8,467,839,038 1,461,003 0 0 0 1,461,003 Net loss for the year 0 0 0 0 0 0 (3,766,554) (3,766,554) --------- --------- -------------- ---------- --------- ------- ----------- ----------- Balance, September 30, 2007 215,865 $ 215,865 23,177,633,821 $29,538,421 $1,472,514 $ 0 $(39,485,399)$(8,258,599) The accompanying notes are an integral part of these condensed consolidated financial statements. F-15 CONECTISYS CORPORATION AND SUBSIDIARIES (A Development Stage Company) CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (DEFICIT) For the Cumulative Period from December 1, 1990 (Inception) Through June 30, 2008 Deficit Accumulated Total Preferred Stock Common Stock Additional Stock During the Shareholders' Class A & B No Par Value Paid-in Subscript. Development Equity Shares Value Shares Value Capital Receivable Stage (Deficit) -------- -------- ------------ ---------- --------- ---------- ------------ ------------ Shares issued in exchange for: Cash, October through March 2008 with prices ranging from $0.00005 to $0.00050 per share 0 $ 0 1,000,000,000 $ 60,000 $ 0 $ 0 $ 0 $ 60,000 Services, November 2007, valued at $0.0003 per share 0 0 25,000,000 2,500 0 0 0 2,500 Issuance of 16,000,000 warrants October 2007 through March 2008, at an exercise price of $0.0009 per share, in conjunction with $415,000 principal value of 6% convertible debt 0 0 0 0 568 0 0 568 Conversion of $220,838 principal value of 8% and 12% convertible debt, $331,256 of derivative conversion option, along with $45,383 accrued interest 0 0 4,617,724,444 597,476 0 0 0 597,476 Net loss for the year 0 0 0 0 0 0 (2,202,534) (2,202,534) --------- --------- -------------- ---------- --------- ------- ----------- ----------- Balance, June 30, 2008 215,865 $ 215,865 28,820,358,267 $30,198,397 $1,473,082 $ 0 $(41,687,933) $(9,800,589) ========= ========= ============== =========== ========== ======== ============= ============ The accompanying notes are an integral part of these condensed consolidated financial statements.

~~F-16~~

UNAUDITED CONDENSED STATEMENTS OF CASH FLOWS ~~For the Nine Months Ended June 30, 2008 and 2007 And the Cumulative Period From December 1, 1990 (Inception) Through June 30, 2008~~ Dec. 1, 1990 (Inception) 9 Months Ended 9 Months Ended Through June 30, June 30, June 30, 2008 2007 2008 Unaudited Unaudited Unaudited --------------- --------------- -------------- ~~Cash flows from operating activities: Net loss $ (2,202,534)$ (2,631,757)$ (41,687,933) Adjustments~~
For the Nine Months Ended June 30,
2021 2020
CASH FLOWS FROM OPERATING ACTIVITIES
Net (loss) $ (3,379 ) $ (1,396 )
Adjustments to reconcile net (loss) to cash provided by (used in) operating activities:
Change in operating assets and liabilities
Accrued liabilities 3,279 1,396
Net cash used in operating activities (100 ) –

CASH FLOWS FROM INVESTING ACTIVITIES 100 –

CASH FLOWS FROM FINANCING ACTIVITIES – –

CHANGES IN CASH – –

CASH AND CASH EQUIVALENT, beginning of period – –

CASH AND CASH EQUIVALENT, end of period $ – $ –

SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for income tax $ – $ –
Cash paid for interest $ – $ –

See notes to net cash used in (provided by) operating activities: Provision Depreciation and amortization of property Stock issued for services Stock issued for interest Settled damages Minority interest Write-off of deposits and intangible assets Amortization of loan fees and note discounts Mark-to-market of derivative conversion option Forgiveness of debt Changes in: Accounts/employee advances receivable Prepaid expenses and deposits Increase (decrease) in liabilities Accounts payable Accrued compensation Due to/from officers Accrued interest and other current liabilities Total adjustments Net cash used in operating activities The accompanying notes F-17 CONECTISYS CORPORATION CONDENSED CONSOLIDATED For the Nine Months And the Cumulative Period From December 1, 1990 Investing activities: Increase in notes receivable Cost of license & technology Purchase of cds Purchase of equipment Net cash provided by (used in) investing activities Cash flows from financing activities: Common stock issuance Stock warrant issuance Preferred stock issuance Proceeds from stock purchase Loan fees from debt, other Proceeds from debt, related Proceeds from debt, other Payments on debt, related Payments on debt, other Decrease in stock subscription receivable Contributed capital Net cash provided by financing activities Net increase (decrease) in cash and cash equivalents Cash and cash equivalents at beginning of period Cash and cash equivalents at end of period The accompanying notes F-18 CONECTISYS CORPORATION CONDENSED CONSOLIDATED For the Nine Months And the Cumulative Period From December 1, 1990 Supplemental disclosures of Cash flow information: Cash paid for interest Cash paid for income Taxes Non-cash investing Common stock issued for: Note receivable Prepaid expenses Property and equipment Licenses & technology Acquisition of remaining minority interest in subsidiary of debt Accrued services & interest Preferred stock issued for services Repayment of debt Preferred stock options issued for repayment of debt Re-characterize beneficial conversion option as debt The accompanying notes ~~F-19 CONECTISYS CORPORATION NOTES TO CONDENSED June 30, 2008 NOTE 1. SUMMARY Basis of presentation The accompanying condensed conjunction with~~ to reconcile net (loss) for bad debt write-offs 0 0 1,422,401 17,894 16,339 1,784,520 2,500 22,500 7,673,473 0 0 535,591 0 0 (25,000) 0 0 (62,500) 0 0 1,331,714 585,720 729,525 5,551,237 370,146 326,017 3,762,407 0 0 (504,462) 5,201 0 (95,700) 22,217 109,478 162,861 47,787 (36,353) 2,526,358 347,533 73,041 3,590,156 39,637 65 670,935 250,245 354,690 1,680,693 ----------------- ----------------- ----------------- 1,688,880 1,595,302 30,004,684 ----------------- ----------------- ----------------- (513,654) (1,036,455) (11,683,249) are an integral part of these condensed consolidated financial statements. AND SUBSIDIARIES (A Development Stage Company) STATEMENTS OF CASH FLOWS Ended June 30, 2008 and 2007 (Inception) Through June 30, 2008 Dec. 1, 1990 (Inception) 9 Months Ended 9 Months Ended Through June 30, June 30, June 30, 2008 2007 2008 Unaudited Unaudited Unaudited ---------------- ---------------- -------------- $ 0 $ 0 $ (1,322,500) 0 0 (94,057) 0 430,733 0 (2,441) (14,284) (344,466) ----------------- ----------------- ----------------- (2,441) 416,449 (1,761,023) 60,000 0 3,677,172 568 1,017 206,702 0 0 16,345 0 0 281,250 0 (20,000) (599,555) 0 0 206,544 414,816 649,520 10,277,681 0 0 (53,172) 0 0 (604,536) 0 0 35,450 0 0 515 ----------------- ----------------- ----------------- 475,384 630,537 13,444,396 ----------------- ----------------- ----------------- (40,711) 10,531 123 40,834 19,936 0 ----------------- ----------------- ----------------- $ 123 $ 30,467 $ 123 ================= ================= ================= are an integral part of these condensed consolidated financial statements. AND SUBSIDIARIES (A Development Stage Company) STATEMENTS OF CASH FLOWS Ended June 30, 2008 and 2007 (Inception) Through June 30, 2008 Dec. 1, 1990 (Inception) 9 Months Ended 9 Months Ended Through June 30, June 30, June 30, 2008 2007 2008 Unaudited Unaudited Unaudited -------------- -------------- -------------- $ 3,422 $ 5,040 $ 709,719 0 0 20,050 and financing activities 0 0 281,250 0 0 264,748 0 0 130,931 0 0 2,191,478 0 0 59,247 552,094 584,537 14,590,223 2,500 516,051 5,778,511 - 0 75,845 0 0 119,520 0 0 100,000 0 0 881,550 are an integral part of these condensed consolidated financial statements. AND SUBSIDIARIES (A Development Stage Company) CONSOLIDATED FINANCIAL STATEMENTS OF SIGNIFICANT ACCOUNTING POLICIES consolidated financial statements should be read in the consolidated financial statements ~~contained~~

ConectiSys Corporation (the “Company”) was incorporated in Colorado on February 2, 1986 under the name Coastal Financial Corp. On December 5, 1994, Coastal Financial Corp. changed its name to BDR Industries, Inc. which changed its name on October 16, 1995, to Conectisys Corporation.

The Company was engaged in the ~~Company's Annual Report on~~development of a low-cost automatic meter reading, or AMR, solution until it ceased all business activity in 2008.

Conectisys was an SEC reporting company until 2008. Its last Form ~~10-KSB~~10-K, for the fiscal year ~~ended September 30, 2007. In the opinion of management, all adjustments (consisting of normal recurring accruals) necessary~~2007, was filed on Jan 4, 2008; its last Form 10-Q, for the ~~fair presentation have been included. The results for the~~three and nine months ended June 30, 2008, ~~do not necessarily indicate~~was filed on Sep. 15, 2008.

Of this total, several five-year notes aggregating $3,082,655 were payable to NIR & Affiliates. NIR was a mutual fund run by Corey Ribotsky. NIR provided Conectisys with significant funding from 2002 through 2008 in the ~~results that may~~form of convertible notes with stock conversion at a significant discount to the market (up to 80% at times) commonly known as a “pipe”. In March 2008 NIR provided the last of its funding to Conectisys.

In the 3rd quarter of 2008 Conectisys was in default on its obligations to NIR by (1) failure to pay interest and (2) failure to maintain an active SB-2 filing for issuance of the convertible shares. In 2009, Conectisys failed to timely file its 2008 10-K Report. Conectisys was removed from trading on the OTC and began trading on the Pink Sheets.

The balance of the convertible notes, aggregating $3.550,657, were payable to AJW, New Millennium Capital Partners and Laurus Master Fund.

All the notes were due at various times from 2002 to 2008. There were no repayments and, after the six-year statute of limitations, all the notes and the related accrued interest,$498,132 as of June 30, 2008, became null and void at various times through April 2017.

Conectisys was a victim of predatory lending by Corey Ribotsky and his NIR Group, as evidenced by a civil complaint filed by the U.S. Securities & Exchange Commission (“SEC”) against Mr. Ribotsky, NIR and others on September 28, 2011 in Federal Court in the Eastern District of New York.

To settle the SEC's related administrative proceedings, Ribotsky consented to be ~~expected~~barred from any future association with any broker, dealer, investment adviser, municipal securities dealer, municipal advisor, transfer agent, or nationally recognized statistical rating organization.

The statute of limitations to sue in contract matters or debt collection is 6 years in the State of New York which was the agreed upon jurisdiction by both Conectisys and NIR. Further, NIR and all its affiliates ceased to operate as a result of the SEC enforcement actions.

As of April 2017, all obligations, notes, debt, warrants, and options are past their due dates and barred from any collection efforts since the time frame allowed by the statute of limitations for a legal action has expired.

From November 2002 to March 2008, Conectisys issued an aggregate of 67,620,000 five-year and seven-year Common Stock warrants to accredited investors in connection with several convertible debenture financing arrangements.

All assets as of June 30, 2008, $172,581, were fully amortized or realized by the ~~full year.~~ end of fiscal 2008.

As of June 30, 2008, the Company had $2,418,148 in accrued compensation and $40,174 due to officers. None of these obligations were paid and became null and void after the six-year statute of limitations.

Accounts payable and other current liabilities were either partially paid or became null and void after the six-year statute of limitations.

From its inception in 1986 through June 30, 2008, Conectisys had aggregate revenues of approximately $524,000 from the sale of its H-NET AMR systems.

The accompanying financial statements have been prepared in accordance with the generally accepted accounting principles in the United States of America (“U.S. GAAP”) and pursuant to the rules and regulations of the Securities Exchange Commission (“SEC”). The Company’s fiscal year ends on September 30.

Cash and cash equivalents consist of amounts of cash on hand and bank deposits.

The preparation of ~~the Company's consolidated~~ financial statements in conformity with ~~generally accepted accounting principles~~U.S. GAAP requires management to make estimates and assumptions that affect the ~~reported~~ amounts of assets and liabilities reported and ~~disclosure~~disclosures of contingent assets and liabilities atas of the date of the ~~consolidated~~ financial statements and the reported amounts of revenues and expenses during the ~~reporting period.~~periods presented. Actual results could ~~materially~~ differ from ~~those~~these estimates. ~~Net~~

The Company accounts for income taxes under the asset and liability method. Deferred tax assets and liabilities are recognized for future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their perspective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which the temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Valuation allowances are recorded, when necessary, to reduce deferred tax assets to the amount expected to be realized.

As a result of the implementation of certain provisions of ASC 740, Income Taxes (“ASC 740”), which clarify the accounting and disclosure for uncertainty in tax position, as defined, ASC 740 seeks to reduce the diversity in practice associated with certain aspects of the recognition and measurement related to accounting for income taxes. The Company has adopted the provisions of ASC 740 and has analyzed filing positions in each of the federal and state jurisdictions where the Company is required to file income tax returns, as well as open tax years in such jurisdictions. The Company has identified the U.S. federal jurisdiction, and the states of Nevada and California, as its major tax jurisdictions. However, the Company has certain tax attribute carryforwards, which will remain subject to review and adjustment by the relevant tax authorities until the statute of limitations closes with respect to the year in which such attributes are utilized.

The Company believes that its income tax filing positions and deductions will be sustained on audit and do not anticipate any adjustments that will result in a material change to its financial position. Therefore, no reserves for uncertain income tax positions have been recorded pursuant to ASC 740. The Company’s policy for recording interest and penalties associated with income-based tax audits is to record such items as a component of income taxes.

In the ordinary course of business, the Company is subject to certain contingencies, including legal proceedings and claims arising out of the business that relate to a wide range of matters, such as government investigations and tax matters. The Company recognizes a liability for such contingency if it determines it is probable that a loss has occurred and a reasonable estimate of the loss can be made. The Company may consider many factors in making these assessments including historical and specific facts and circumstances of each matter.

Basic loss per ~~common~~ share ~~- basic and diluted Net~~is computed by dividing net loss ~~per common share basic and diluted is based on~~attributable to holders of Common Stock by the weighted average number of ~~common and common equivalent shares~~Common Stock outstanding ~~for~~during the periods presented. Common equivalent shares representing the common shares that would be issued on exercise of convertible securities and outstanding stock options and warrants reduced by the number of shares which could be purchased from the related exercise proceeds are not included since their effect would be anti- dilutive. As of June 30, 2008, the Company had 28,820,358,267 shares of common stock outstanding. If all of the Company's unexpired warrants and options were exercised, and all the principal value and accrued interest on its outstanding convertible debentures were converted, the Company's incremental common shares (not included in the denominator of dilutedperiod. Diluted loss per share ~~because~~reflect the potential dilution that could occur if securities to issue Common Stock were exercised.

In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740) Simplifying the Accounting for Income Taxes. The update is intended to simplify the current rules regarding the accounting for income taxes and addresses several technical topics including accounting for franchise taxes, allocating income taxes between a loss in continuing operations and in other categories such as discontinued operations, reporting income taxes for legal entities that are not subject to income taxes, and interim accounting for enacted changes in tax laws. The new standard is effective for fiscal years beginning after December 15, 2020; however, early adoption is permitted.

The Company does not expect the adoption of ~~their anti-dilutive nature)~~this standard have a material impact on the consolidated and combined financial statements. The Company does not believe other recently issued but not yet effective accounting standards, if currently adopted, would have a material effect on its financial position, statements of operations and cash flows.

The Company evaluated subsequent events and transactions after June 30, 2021 through the date that these unaudited financial statements are available to be as follows: Class B preferred stock options 10,000,000 Convertible note holder - common stock warrants 57,620,000 -------------- Subtotal 67,620,000 Accrued officer compensation ($520,000), convertible into common stock 616,823,358 Convertible note holder principal value ($3,072,634), accrued interest ($498,132) assumed converted into common stock at $0.000035 per share 102,021,885,714 --------------- Total potential common stock equivalents 102,706,329,072 Reclassifications Certain prior period amountsissued. There are no material subsequent events that required recognition or additional disclosure in the financial statements.

The accompanying financial statements have been ~~reclassified to conform to the current year's presentation.~~ ~~F-20 CONECTISYS CORPORATION AND SUBSIDIARIES (A Development Stage Company) NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS June 30, 2008 NOTE 2. GOING CONCERN UNCERTAINTY As~~prepared in conformity with generally accepted accounting principles, which contemplate continuation of ~~June 30, 2008,~~ the Company ~~had~~as a ~~deficiency~~going concern. Additional capital infusion is necessary in ~~working capital of approximately $5,300,000~~order to fund current expenditures, acquire business opportunities and ~~had incurred cumulative net losses since inception of approximately $41,700,000, which raise~~achieve profitable operations. This factor raises substantial doubt about the ~~Company's~~Company’s ability to continue as a going concern. ~~Management's plans~~

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations Our Company

Conectisys Corporation, a Colorado corporation (“Conectisys” , the “Company, “we”, us” or “our”) is a shell company seeking to create value for ~~correcting these deficiencies include~~its shareholders by merging with another entity with experienced management and opportunities for growth in return for shares of our Common Stock.

We do not propose to restrict our search for a business opportunity to any particular industry or geographical area and may, therefore, engage in essentially any business in any industry. We have unrestricted discretion in seeking and participating in a business opportunity, subject to the ~~future sales~~availability of such opportunities, economic conditions, and ~~licensing~~other factors.

The selection of a business opportunity in which to participate is complex and risky. Additionally, we have only limited resources and may find it difficult to locate good opportunities. There can be no assurance that we will be able to identify and acquire any business opportunity which will ultimately prove to be beneficial to us and our shareholders. We will select any potential business opportunity based on our management's best business judgment.

Our activities are subject to several significant risks, which arise primarily as a result of the ~~Company's products~~fact that we have no specific business and ~~technologies,~~may acquire or participate in a business opportunity based on the ~~raising~~decision of ~~capital through~~management, which potentially could act without the ~~issuance~~consent, vote, or approval of ~~additional convertible debt securities~~our shareholders. The risks faced by us are further increased as a result of a lack of resources and ~~sales~~our inability to provide a prospective business opportunity with significant capital.

The Company was incorporated in Colorado on February 2, 1986 under the name Coastal Financial Corp. On December 5, 1994, Coastal Financial Corp. changed its name to BDR Industries, Inc., which changed its name on October 16, 1995, to Conectisys Corporation.

The Company was engaged in the development of common stock, which are expected to help provide the Company with the liquidity necessary to meet operating expenses. An investor group had previously advanced the Company an aggregate amount of $7,285,000 through numerous similar funding tranches occurringa low-cost automatic meter reading, or AMR Solution, until it ceased all business activity in ~~April 2002 through June 30,~~ 2008. ~~During~~

We filed our last Form 10-K for the year ended September 30, 2007 the same investor group advanced the Company an additional $1,250,000. The Company received $250,000 in February 2007, $100,000 in March 2007, $100,000 in April 2007, $100,000 in May 2007, $100,000 in June 2007, $100,000 in July 2007, $100,000 in August 2007, $100,000 in September 2007, $100,000 in October 2007, $100,000 in November 2007, $100,000 in December 2007, and $115,000 in March 2008, including certain fees payable, in connection with this additional financing. Over the longer term, the Company plans to achieve profitability through its operations from the sale and licensing of its H- Net(TM) automatic meter-reading system. The accompanying consolidated financial statements do not include any adjustments relating to the recoverability and classification of the recorded asset amounts or the amounts and classification of liabilities that might be necessary should the Company be unable to continue in existence. NOTE 3. PREPAID EXPENSES The Company has accrued a prepaid expense of $80,000 as a staying bonus for its Chief Executive Officer as per his employment contract (see Note 5). The staying bonus was amortized over the calendar year 2007. The unamortized balance at June 30, 2008 was $0. At June 30, 2008, the balance in prepaid expenses totaled $23,251. Included in prepaid expenses is $20,000 in an escrow account designated for key man life insurance, and $3,251 in prepaid taxes. The company has paid a security deposit of $4,698 under its existing lease agreement for office space in Valencia, California (see Note 10). F-21 CONECTISYS CORPORATION AND SUBSIDIARIES (A Development Stage Company) NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS June 30, 2008 NOTE 4. LOAN FEES During the year ended September 30, 2006, the Company received an aggregate of $1,270,000 from the same accredited investor group in exchange for 6% convertible debentures maturing March 8, 2009, convertible at the lesser of $0.003 per share and 40% of the average of the lowest three intra-day trading prices of a share of common stock during the 20 trading days immediately preceding conversion. These convertible debentures were accompanied by an aggregate of 20,320,000 common stock warrants, exercisable over a five-year period at an exercise price of $0.0009 per share. Loan fees associated with these loans amounted to $20,000. As of September 30, 2006, aggregate loan fees amounted to $539,555, and accumulated amortization of these loan fees was $511,315. During the year ended September 30, 2007, the Company received an aggregate of $950,000 from the same accredited investor group in exchange for 6% convertible debentures maturing February 13, 2010, convertible at the lesser of $0.03 per share and 40% of the average of the lowest three intra-day trading prices of a share of common stock during the 20 trading days immediately preceding conversion. These convertible debentures were accompanied by an aggregate of 19,000,000 common stock warrants, exercisable over a seven-year period at an exercise price of $0.0009 per share. Loan fees associated with these loans amounted to $20,000. During the nine months ended June 30, 2008, the Company received an aggregate of $415,000 from the same accredited investor group in exchange for 6% convertible debentures maturing February 13, 2010, and March 28, 2011, convertible at the lesser of $0.03 per share and 40% of the average of the lowest three intra-day trading prices of a share of common stock during the 20 trading days immediately preceding conversion. These convertible debentures were accompanied by an aggregate of 16,000,000 common stock warrants, exercisable over a seven-year period at an exercise price of $0.0009 per share. Loan fees associated with these loans amounted to $25,000. Total amortization of all loan fees during the nine months ended June 30, 2008 amounted to $10,668, leaving an unamortized loan fee balance at June 30, 2008 of $19,724. NOTE 5. DUE TO/FROM OFFICERS The aggregate amount due officers at June 30, 2008 was $40,174 and interest expense on ~~the officer loans amounted to $77~~January 14, 2008.

We filed our last Form 10-Q for the nine months ended June 30, ~~2008.~~2021, on July 30, 2021.

Since August 1, 2020, Mr. Danilo Cacciamatta has been the sole director and only officer of the Company.

We have had no revenues from fiscal year 2008 through the date of this filing.

This report contains forward-looking statements. Except as required by law, we undertake no duty to update any forward-looking statement after the date of this report, either to conform any statement to reflect actual results or to reflect the occurrence of unanticipated

Our business plan to seek a merger has many uncertainties which pose risks to investors.

We intend to seek, investigate and, if such investigation warrants, acquire an interest in business opportunities presented to us by persons or firms which desire to seek the advantages of an issuer who has complied with the Securities Act of 1934 (the “1934 Act”). We will not restrict our search to any specific business, industry or geographical location, and we may participate in business ventures of virtually any nature. This discussion of our proposed business is purposefully general and is not meant to be restrictive of our unlimited discretion to search for and enter into potential business opportunities. We anticipate that we may be able to participate in only one potential business venture because of our lack of financial resources. We may seek a business opportunity with entities which have recently commenced operations, or that desire to utilize the public marketplace in order to raise additional capital in order to expand into new products or markets, to develop a new product or service, or for other corporate purposes. All of these activities have risk to investors including dilution and management.

We expect that the selection of a business opportunity will be complex. Due to general economic conditions, rapid technological advances being made in some industries and shortages of available capital, we believe that there are numerous firms seeking the benefits of an issuer who has complied with the 1934 Act. Such benefits may include facilitating or improving the terms on which additional equity financing may be sought, providing liquidity for incentive stock options or similar benefits to key employees, providing liquidity (subject to restrictions of applicable statutes) for all stockholders and other factors. Potentially, available business opportunities may occur in many different industries and at various stages of development, all of which will make the task of comparative investigation and analysis of such business opportunities extremely difficult and complex. We have, and will continue to have, essentially no assets to provide the owners of business opportunities. However, we will be able to offer owners of acquisition candidates the opportunity to acquire a controlling ownership interest in an issuer who has complied with the 1934 Act without incurring the cost and time required to conduct an initial public offering.

The analysis of new business opportunities will be undertaken by, or under the supervision of, our Board of Directors. We intend to concentrate on identifying preliminary prospective business opportunities which may be brought to our attention through present associations of our director, professional advisors or by our stockholders. In analyzing prospective business opportunities, we will consider such matters as (i) available technical, financial and managerial resources; (ii) working capital and other financial requirements; (iii) history of operations, if any, and prospects for the future; (iv) nature of present and expected competition; (v) quality, experience and depth of management services; (vi) potential for further research, development or exploration; (vii) specific risk factors not now foreseeable but that may be anticipated to impact the proposed activities of the company; (viii) potential for growth or expansion; (ix) potential for profit; (x) public recognition and acceptance of products, services or trades; (xi) name identification; and (xii) other factors that we consider relevant. As part of our investigation of the business opportunity, we expect to meet personally with management and key personnel. To the extent possible, we intend to utilize written reports and personal investigation to evaluate the above factors.

We will not acquire or merge with any company for which audited financial statements cannot be obtained within a reasonable period of time after closing of the proposed transaction.

In implementing a structure for a particular business acquisition, we may become a party to a merger, consolidation, reorganization, joint venture, or licensing agreement with another company or entity. We may also acquire stock or assets of an existing business. Upon consummation of a transaction, it is probable that our present management and stockholders will no longer be in control of us. In addition, our sole director may, as part of the terms of the acquisition transaction, resign and be replaced by new directors without a vote of our stockholders, or sell his stock in us. Any such sale will only be made in compliance with the securities laws of the United States and any applicable state.

It is anticipated that any securities issued in any such reorganization would be issued in reliance upon exemption from registration under application federal and state securities laws. In some circumstances, as a negotiated element of the transaction, we may agree to register all or a part of such securities immediately after the transaction is consummated or at specified times thereafter. If such registration occurs, it will be undertaken by the surviving entity after it has successfully consummated a merger or acquisition and is no longer considered an inactive company.

The issuance of substantial additional securities and their potential sale into any trading market which may develop in our securities may have a depressive effect on the value of our securities in the future. There is no assurance that such a trading market will develop.

While the actual terms of a transaction cannot be predicted, it is expected that the parties to any business transaction on will find it desirable to avoid the creation of a taxable event and thereby structure the business transaction in a so-called “tax-free” reorganization under Sections 368(a) (1) or 351 of the Internal Revenue Code (the “Code”). In order to obtain tax-free treatment under the Code, it may be necessary for the owner of the acquired business to own 80% or more of the voting stock of the surviving entity. In such event, our stockholders would retain less than 20% of the issued and outstanding shares of the surviving entity. This would result in significant dilution in the equity of our stockholders.

As part of our investigation, we expect to meet personally with management and key personnel, visit and inspect material facilities, obtain independent analysis of verification of certain information provided, check references of management and key personnel, and take other reasonable investigative measures, to the extent of our limited financial resources and management expertise. The manner in which we participate in an opportunity will depend on the nature of the opportunity, the respective needs and desires of both parties, and the management of the opportunity.

With respect to any merger or acquisition, and depending upon, among other things, the target company’s assets and liabilities, our stockholders will in all likelihood hold a substantially lesser percentage ownership interest in us following any merger or acquisition. The percentage ownership may be subject to significant reduction in the event we acquire a target company with assets and expectations of growth. Any merger or acquisition can be expected to have a significant dilutive effect on the percentage of shares held by our stockholders.

We will participate in a business opportunity only after the negotiation and execution of appropriate written business agreements. Although the terms of such agreements cannot be predicted, generally we anticipate that such agreements will (i) require specific representations and warranties by all of the parties; (ii) specify certain events of default; (iii) detail the terms of closing and the conditions which must be satisfied by each of the parties prior to and after such closing; (iv) outline the manner of bearing costs, including costs associated with the Company’s attorneys and accountants; (v) set forth remedies on defaults; and (vi) include miscellaneous other terms.

As stated above, we will not acquire or merge with any entity which cannot provide independent audited financial statements within a reasonable period of time after closing of the proposed transaction. If such audited financial statements are not available at closing, or within time parameters necessary to insure our compliance within the requirements of the 1934 Act, or if the audited financial statements provided do not conform to the representations made by that business to be acquired, the definitive closing documents will provide that the proposed transaction will be voidable, at the discretion of our present management. If such transaction is voided, the definitive closing documents will also contain a provision providing for reimbursement for our costs associated with the proposed transaction.

We believe we are an insignificant participant among the firms which engage in the acquisition of business opportunities. There are many established venture capital and financial concerns that have significantly greater financial and personnel resources and technical expertise than we have. In view of our limited financial resources and limited management availability, we will continue to be at a significant competitive disadvantage compared to our competitors.

Although we will be subject to regulation under the Securities Act of 1933, as amended, and the 1934 Act, we believe we will not be subject to regulation under the Investment Company Act of 1940 (the “1940 Act”) insofar as we will not be engaged in the business of investing or trading in securities. In the event we engage in business combinations that result in us holding passive investment interests in a number of entities, we could be subject to regulation under the 1940 Act. In such event, we would be required to register as an investment company and incur significant registration and compliance costs. We have obtained no formal determination from the SEC as to our status under the 1940 Act and, consequently, any violation of the 1940 Act would subject us to material adverse consequences. We believe that, currently, we are exempt under Regulation 3a-2 of the 1940 Act.

We presently have no full time executive, operational, or clerical staff. Mr. Cacciamatta has been the sole director and sole officer of the Company since August 1, 2020.

Rather than an operating business, our goal is to obtain debt and/or equity financing to meet our ongoing operating expenses and attempt to merge with another entity with experienced management and opportunities for growth in return for shares of our Common Stock to create value for our shareholders.

Although there is no assurance that this series of events will be successfully completed, we believe we can successfully complete an acquisition or merger which will enable us to continue as a going concern. Any acquisition or merger will most likely be dilutive to our existing stockholders.

We are currently investigating to identify and acquire a target company or business seeking the perceived advantages of being a publicly held corporation. Our principal business objective for the next 12 months and beyond such time will be to achieve long-term growth potential through a combination with a business rather than immediate, short-term earnings. The Company will not restrict our potential candidate target companies to any specific business, industry or geographical location and, thus, may acquire any type of business.

The Company does not currently engage in any business activities that provide cash flow. The costs of investigating and analyzing business combinations and administering the Company’s business for the next 12 months are estimated to be as follows:

(i) filing of Exchange Act reports, (approximately $5,000); (ii) costs relating to consummating an acquisition (approximately $5,000); and (iii) general and administrative expenses (approximately $5,000).

To the extent that the Company's capital resources are insufficient to meet current or planned operating requirements, the Company will seek additional funds through equity or debt financing, collaborative or other arrangements with corporate partners, licensees or others, and from other sources, which may have the effect of diluting the holdings of existing shareholders. The Company has no current arrangements with respect to, or sources of, such additional financing and the Company does not anticipate that existing shareholders will provide any portion of the Company's future financing requirements.

No assurance can be given that additional financing will be available when needed or that such financing will be available on terms acceptable to the Company. If adequate funds are not available, the Company may be required to delay or terminate expenditures for certain of its programs that it would otherwise seek to develop and commercialize. This would have a material adverse effect on the Company. These factors raise substantial doubt about the ability of the Company to continue as a going concern.

The Company may consider a business that has recently commenced operations, is a developing company in need of additional funds for expansion into new products or markets, is seeking to develop a new product or service, or is an established business which may be experiencing financial or operating difficulties and is in need of additional capital. In the alternative, a business combination may involve the acquisition of, or merger with, a company which does not need substantial additional capital, but which desires to establish a public trading market for its shares, while avoiding, among other things, the time delays, significant expense, and loss of voting control which ay occur in a public offering.

None of our officers or directors has had any preliminary contact or discussions with any representative of any other entity regarding a business combination with us. Any target business that is selected may be a financially unstable company or an entity in its early stages of development or growth, including entities without established records of sales or earnings. In that event, we will be subject to numerous risks inherent in the business and operations of financially unstable and early stage or potential emerging growth companies. In addition, we may effect a business combination with an entity in an industry characterized by a high level of risk, and, although our management will endeavor to evaluate the risks inherent in a particular target business, there can be no assurance that we will properly ascertain or assess all significant risks.

Our management anticipates that it will likely be able to effect only one business combination, due primarily to our limited financing, and the dilution of interest for present and prospective shareholders, which is likely to occur as a result of our management's plan to offer a controlling interest to a target business in order to achieve a tax-free reorganization. This lack of diversification should be considered a substantial risk in investing in us, because it will not permit us to offset potential losses from one venture against gains from another.

The Company anticipates that the selection of a business combination will be complex and extremely risky. Because of general economic conditions, rapid technological advances being made in some industries and shortages of available capital, our management believes that there are numerous firms seeking even the limited additional capital that we will have and/or the perceived benefits of becoming a publicly traded corporation. Such perceived benefits of becoming a publicly traded corporation include, among other things, facilitating or improving the terms on which additional equity financing may be obtained, providing liquidity for the principals of and investors in a business, creating a means for providing incentive stock options or similar benefits to key employees, and offering greater flexibility in structuring acquisitions, joint ventures and the like through the issuance of stock. Potentially available business combinations may occur in many different industries and at various stages of development, all of which will make the task of comparative investigation and analysis of such business opportunities extremely difficult and complex.

The Company intends to use various sources in its search for potential business opportunities, including its officers and directors, consultants, special advisors, securities broker-dealers, venture capitalists, members of the financial community and others who may present management with unsolicited proposals. Because of the Company’s limited capital, it may not be able to retain on a fee basis professional firms specializing in business acquisitions and reorganizations. The Company will most likely have to rely on outside sources, not otherwise associated with the Company that will accept their compensation only after the Company has finalized a successful acquisition or merger. The Company will rely upon the expertise and contacts of such persons, use notices in written publications and personal contacts to find merger and acquisition candidates, the exact number of such contacts are dependent upon the skill and industriousness of the participants and the conditions of the marketplace. To date the Company has not engaged or entered into any definitive agreements nor understandings regarding retention of any consultant to assist the Company in its search for business opportunities, nor is management presently in a position to actively seek or retain any prospective consultants for these purposes.

The Company does not intend to restrict its search to any specific kind of industry or business. The Company may investigate and ultimately acquire a venture that is in its preliminary or development stage, is already in operation, or in various stages of its corporate existence and development. Management cannot predict at this time the status or nature of any venture in which the Company may participate. A potential venture might need additional capital or merely desire to have its shares publicly traded. The most likely scenario for a possible business arrangement could involve the acquisition of, or merger with, an operating business that does not need additional capital, but which merely desires to establish a public trading market for its shares. Management believes that the Company could provide a potential public vehicle for a private entity interested in becoming a publicly held corporation without the time and expense typically associated with an initial public offering.

Once the Company has identified a particular entity as a potential acquisition or merger candidate, management will seek to determine whether acquisition or merger is warranted or whether further investigation is necessary. Such determination will generally be based on management’s knowledge and experience. See ”Item 5. Directors and Executive Officers”. Management may elect to engage outside independent consultants to perform preliminary analysis of potential business opportunities. However, because of the Company’s limited capital it may not have the necessary funds for a complete and exhaustive investigation of any particular opportunity. Management will not devote full time to finding a merger candidate and will continue to engage in outside unrelated activities.

In evaluating such potential business opportunities, the Company will consider, to the extent relevant to the specific opportunity, several factors including potential benefits to the Company and its shareholders; working capital, financial requirements and availability of additional financing; history of operation, if any; nature of present and expected competition; quality and experience of management; need for further research, development or exploration; potential for growth and expansion; potential for profits; and other factors deemed relevant to the specific opportunity.

Because the Company has not located or identified any specific business opportunity as of the date hereof, there may be unidentified risks that cannot be adequately expressed prior to the identification of a specific business opportunity. There can be no assurance following consummation of any acquisition or merger that the business venture will develop into a going concern or, if the business is already operating, that it will continue to operate successfully. Many of the potential business opportunities available to the Company may involve new and untested products, processes or market strategies which may not ultimately prove successful.

Presently the Company cannot predict the manner in which it might participate in a prospective business opportunity. Each separate potential opportunity will be reviewed and, upon the basis of that review, a suitable legal structure or method of participation will be chosen. The particular manner in which the Company participates in a specific business opportunity will depend upon the nature of that opportunity, the respective needs and desires of the Company and management of the opportunity, and the relative negotiating strength of the parties involved. Actual participation in a business venture may take the form of an asset purchase, lease, joint venture, license, partnership, stock purchase, reorganization, merger or consolidation. The Company may act directly or indirectly through an interest in a partnership, corporation, or other form of organization however, the Company does not intend to participate in opportunities through the purchase of minority stock positions.

Because of the Company’s current status of inactivity since 2008 and its concomitant lack of assets and relevant operating history, it is likely that any potential merger or acquisition with another operating business will require substantial dilution to the Company’s existing shareholders’ interests. There will probably be a change in control of the Company, with the incoming owners of the targeted merger or acquisition candidate taking over control of the Company. Management has not established any guidelines as to the amount of control it will offer to prospective business opportunity candidates, since this issue will depend to a large degree on the economic strength and desirability of each candidate, and the corresponding relative bargaining power of the parties. However, management will endeavor to negotiate the best possible terms for the benefit of the Company’s shareholders as the case arises. Management may actively negotiate or otherwise consent to the purchase of any portion of their Common Stock as a condition to, or in connection with, a proposed merger or acquisition. In such an event, existing shareholders may not be afforded an opportunity to approve or consent to any particular stock buy-out transaction. Management does not have any plans to borrow funds to compensate any persons, consultants, or promoters in conjunction with its efforts to find and acquire or merge with another business opportunity.

Management does not have any plans to borrow funds to pay compensation to any prospective business opportunity, or shareholders, management, creditors, or other potential parties to the acquisition or merger. In either case, it is unlikely that the Company would be able to borrow significant funds for such purposes from any conventional lending sources. In all probability, a public sale of the Company’s securities would also be unfeasible, and management does not contemplate any form of new public offering at this time. In the event that the Company does need to raise capital, it would most likely have to rely on the private sale of its securities. Such a private sale would be limited to persons exempt under the Commission’s Regulation D or other rule, or provision for exemption, if any applies. However, no private sales are contemplated by the Company’s management at this time. If a private sale of the Company’s securities is deemed appropriate in the future, management will endeavor to acquire funds on the best terms available to the Company. However, there can be no assurance that the Company will be able to obtain funding when and if needed, or that such funding, if available, can be obtained on terms reasonable or acceptable to the Company.

In the event of a successful acquisition or merger, a finder’s fee, in the form of cash or securities of the Company, may be paid to persons instrumental in facilitating the transaction. The Company has not established any criteria or limits for the determination of a finder’s fee, although most likely an appropriate finder’s fee will be negotiated between the parties, including the potential business opportunity candidate, based upon economic considerations and reasonable value as estimated and mutually agreed upon at that time. A finder’s fee would only be payable upon completion of the proposed acquisition or merger in the normal case, and management does not contemplate any other arrangement at this time. Current management has not in the past used any particular consultants, advisors or finders. Management has not actively undertaken a search for, or retention of, any finder’s fee arrangement with any person. It is possible that a potential merger or acquisition candidate would have its own finder’s fee arrangement, or other similar business brokerage or investment banking arrangement, whereupon the terms may be overturned by a pre-existing contract; in such case, the Company may be limited in its ability to affect the terms of compensation, but most likely the terms would be disclosed and subject to approval pursuant to submission of the proposed transaction to a vote of the Company’s shareholders. Management cannot predict any other terms of a finder’s fee arrangement at this time. If such a fee arrangement was proposed, independent management and directors would negotiate the best terms available to the Company so as not to compromise the fiduciary duties of the representative in the proposed transaction, and the Company would require that the proposed arrangement would be submitted to the shareholders for prior ratification in an appropriate manner.

Per SEC regulations, we are required to disclose our off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, such as changes in financial condition, revenues, expenses, results of operations, liquidity, capital expenditures, or capital resources that are material to investors. We have no off-balance sheet arrangements.

In accordance with the guidance for business combinations, we determine whether a transaction or other event is a business combination, which requires that the assets acquired and liabilities assumed constitute a business. Each business combination is then accounted for by applying the acquisition method. If the assets acquired are not a business, we account for the transaction or other event as an asset acquisition. Under both methods, we recognize the identifiable assets acquired, the liabilities assumed, and any noncontrolling interest in the acquired entity. In addition, for transactions that are business combinations, we evaluate the existence of goodwill or a gain from a bargain purchase. We capitalize acquisition-related costs and fees associated with asset acquisitions and immediately expense acquisition-related costs and fees associated with business combinations.

Our significant accounting policies are disclosed in Note 2 of our Unaudited Financial Statements.

Our management conducted an evaluation, with the participation of our Chief Executive Officer, who is our principal executive officer and our principal financial and accounting officer, of the effectiveness of our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended (the “Exchange Act” as of the end of the period covered by this registration statement on Form 10. Based on that evaluation, we concluded that because of the material weakness and significant deficiencies in our internal control over financial reporting, our disclosure controls and procedures ere not sufficient as of June 30, ~~2008, the Company owed its~~2021. All such weaknesses and deficiencies are principally due to our lack of employees and financial resources.

Neither we nor any of our officers, ~~and former officers $2,418,148 in accrued compensation. Of this amount, $520,000 was attributable~~directors, or holders of five percent or more of our Common Stock is a party to ~~aggregate staying bonuses payable~~any pending legal proceedings and to the ~~President~~best of our knowledge, no such proceedings by or against us or our officers, or directors or holders of five percent or more of our Common Stock have been threatened or is pending against us.

Item 2. Unregistered Sales of Equity Securities and ~~former Chief Financial Officer, Secretary~~Use of Proceeds

On August 1, 2020, our sole director and ~~Treasurer~~officer agreed to purchase 800,000 post-split common shares for $100 cash payable upon the effectiveness of the ~~Company as~~10,000 for 1 reverse split which occurred on March 10, 2021.

Description of ~~January 31, 2006. An additional $80,000 payable~~Common Stock

We are authorized to issue 250,000,000 shares of our Common Stock, no par value (the "Common Stock"). Each share of the ~~President on January 1, 2007 was amortized over the 2007 calendar year. The staying bonuses are~~Common Stock is entitled to ~~be compensated for~~share equally with ~~the Company's common stock, valued at the average bid~~each other share of Common Stock in dividends from sources legally available therefor, when, and ~~ask price for the stock for the 30 days prior~~if, declared by our board of directors and, upon our liquidation or dissolution, whether voluntary or involuntary, to each respective year-end issuance date. The total common stock to be issued as staying bonuses amounted to 616,823,358 at September 30, 2007, including 289,156,628 shares to pay the Chief Executive Officer's January 1, 2006 staying bonus. F-22 CONECTISYS CORPORATION AND SUBSIDIARIES (A Development Stage Company) NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS June 30, 2008 NOTE 6. CONVERTIBLE DEBENTURES Convertible debentures at June 30, 2008, including convertible debentures previously entirely converted to equity, secured by substantially allshare equally in the assets of the Company ~~consisted~~that are available for distribution to the holders of the ~~following:~~ Original Net Remaining Accrued Unexpired Principal Proceeds to Principal (Unpaid) Warrants Issuance Date Amount Company(1) Amount Interest(2) Issued - ------------- ------------ ------------ ------------ ------------- ------------ March 29, 2002 $ 300,000 $ 225,000 $ -- $ -- -- May 10, 2002 150,000 129,000 -- -- -- June 17, 2002 300,000 238,000 -- -- -- November 27, 2002 200,000 144,000 -- -- 1,000,000 March 3, 2003 150,000 100,000 -- 27,720 750,000 May 12, 2003 150,000 100,000 -- 36,000 750,000 November 25, 2003 100,000 76,000 -- 24,000 500,000 December 3, 2003 50,000 31,000 -- 12,000 250,000 December 31, 2003 50,000 44,000 -- 12,000 250,000 February 18, 2004 50,000 35,000 -- 12,000 250,000 March 4, 2004 250,000 203,000 -- 59,048 1,250,000 April 19, 2004 250,000 165,000 -- -- 750,000 June 30, 2004 625,000 452,000 -- -- 1,875,000 September 9, 2004 625,000 482,000 -- -- 1,875,000 March 17, 2005 1,400,000 1,148,000 752,645 187,420 2,800,000 March 8, 2006 1,270,000 1,180,000 954,989 115,236 20,320,000 February 13, 2007 1,250,000 1,230,000 1,250,000 76,324 25,000,000 March 28, 2008 115,000 95,000 115,000 2,395 10,000,000 ---------- ----------- ----------- ---------- ------------ Total $ 7,285,000 $ 6,077,000 $ 3,072,634 $ 564,143 67,620,000 ========== =========== =========== ========== ============
~~F-23 CONECTISYS CORPORATION AND SUBSIDIARIES (A Development Stage Company) NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS June~~Common Stock. Each holder of Common Stock is entitled to one vote per share for all purposes, except that in the election of directors, each holder shall have the right to vote such number of shares for as many persons as there are directors to be elected. Cumulative voting shall not be allowed in the election of directors or for any other purpose, and the holders of Common Stock have no preemptive rights, redemption rights or rights of conversion with respect to the Common Stock. Our board of directors is authorized to issue additional shares of our Common Stock within the limits authorized by our Articles of Incorporation and without stockholder action. All shares of Common Stock have equal voting rights, and voting rights are not cumulative.

As of July 30, 2008 NOTE 6. CONVERTIBLE DEBENTURES (continued) Subtotal - convertible debentures $ 3,636,777 Less reclassified accrued interest (498,132) Less prepaid interest offset ( 66,011) ------------ Subtotal principal value 3,072,634 Derivative conversion option - 150 percent2021, there are 888,579 shares of principal 4,608,952 Less unamortized note discount (1,173,295) ----------- Net carrying value - convertible debentures $ 6,508,291 Convertible note payable to Laurus Master Fund, Ltd., unsecured, with interest payable at an annual rate of 8%, conversion premium of 25% based on current market price of the Company'sour common stock ~~(as defined), initially due October 12, 2001~~issued and extended to December 1, 2001. Currently in default. 10,021 ----------- Total - convertible debentures and notes $ 6,518,312 Current portion 2,029,107 ----------- Long-term portion $ 4,489,205 =========== Asoutstanding.

Description of ~~June 30, 2008, five-year maturities of the notes payable, including convertible debentures, were as follows:~~ Derivative Unamortized Subsequent Conversion Note Conversion Total Principal Option Discount to Equity Due ---------- ---------- ---------- -------- -------- Year ended June 30, 2009 817,655 1,211,452 0 0 2,029,107 Year ended June 30, 2010 900,000 1,350,000 (296,075) 0 1,953,925 Year ended June 30, 2011 1,365,000 2,047,500 (877,220) 0 2,535,280 Subsequent conversions to equity 0 0 0 0 0 ---------- ---------- ---------- ------ --------- Total notes payable $ 3,082,655 $ 4,608,952 (1,173,295) $ 0 $ 6,518,312 ========== ========== ========== ====== =========
F-24 CONECTISYS CORPORATION AND SUBSIDIARIES (A Development Stage Company) NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS June 30, 2008 NOTE 7. SECURED CONVERTIBLE DEBENTURES - ASSOCIATED DERIVATIVE CONVERSION OPTION AND CONVERTIBLE DEBT DISCOUNT In order to provide working capital and financing for the Company's continued research and development efforts, the Company has entered into a series of securities purchase agreements and related agreements with an accredited investor group (the "Purchasers") for the purchase of one-year to three-year convertible debentures, which bear interest ranging from 6% to 12% per annum, payable quarterly. The debentures are currently convertible into common stock at prices ranging from the lesser of a fixed price ($0.005 to $0.06 per share) and 40% of the average of the lowest three intra-day trading prices of a share of common stock during the 20 trading days immediately preceding conversion. The debentures have also been accompanied by the issuance of three-year to seven- year common stock warrants (in amounts numbering from three to 20 times each dollar of the related convertible debt principal issued) and exercisable into the Company's common stock at prices ranging from $0.0009 to $0.045 per share. As part of the recording of the convertible debt transactions, a derivative conversion option and amortizable convertible debt discount have been recognized. The carrying value of the debt is net of the principal value, derivative conversion option, and unamortized convertible debt discount components. To the extent debentures issued by the Company are converted into shares of common stock, the Company will not be obligated to repay the amounts converted. The Company's convertible debentures and related warrants contain anti-dilution provisions whereby, if the Company issues common stock or securities convertible into or exercisable for common stock at a price less than the conversion or exercise prices of the debentures or warrants, the conversion and exercise prices of the debentures and/or warrants shall be adjusted as stipulated in the agreements governing such debentures and warrants. The cumulative history of the Company's convertible debt-related transactions with the above accredited investor group is summarized as follows: F-25 CONECTISYS CORPORATION AND SUBSIDIARIES (A Development Stage Company) NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS June 30, 2008 NOTE 7. SECURED CONVERTIBLE DEBENTURES - ASSOCIATED DERIVATIVE CONVERSION OPTION AND CONVERTIBLE DEBT DISCOUNT (continued) Net Net Derivative Convertible Debt Principal Conversion Debt Carrying Warrants Period/Transaction Amount Option Discount Amount Outstanding - ------------------ ---------- ---------- ---------- --------- ----------- Issuances $ 750,000 $ -- $ (750,000) $ -- 3,750,000 Amortization -- -- 279,115 279,115 -- Conversions (93,130) -- 69,233 (23,897) -- ---------- ---------- ----------- --------- ----------- Balance, September 30, 2002 656,870 -- (401,652) 255,218 3,750,000 Issuances 500,000 -- (500,000) -- 2,500,000 Amortization -- -- 653,720 653,720 -- Conversions (193,665) -- 52,340 (141,325) -- ---------- ---------- ---------- --------- ----------- Balance, September 30, 2003 963,205 -- (195,592) 767,613 6,250,000 Re-characterize Equity as Debt -- 881,550 -- 881,550 -- Bump-up Due to Mark-to-Market -- 563,257 -- 563,257 -- Issuances 2,000,000 3,000,000 (2,000,000) 3,000,000 7,000,000 Amortization -- -- 673,705 673,705 -- Conversions (218,115) (327,172) 28,571 (516,716) -- ---------- ---------- ----------- --------- ----------- Balance, September 30, 2004 2,745,090 4,117,635 (1,493,316) 5,369,409 13,250,000 Issuances 1,400,000 2,100,000 (1,400,000) 2,100,000 2,800,000 Expirations -- -- -- -- (3,750,000) Amortization -- -- 693,992 693,992 -- Conversions (2,529,378) (3,794,067) 973,565 (5,349,880) -- ---------- ---------- ----------- --------- ----------- Balance, September 30, 2005 1,615,712 2,423,568 (1,225,759) 2,813,521 12,300,000 Issuances 1,270,000 1,905,000 (1,270,000) 1,905,000 20,320,000 Amortization -- -- 715,748 715,748 -- Conversions (547,376) (821,065) 243,177 (1,125,264) -- ---------- ---------- ----------- --------- ----------- Balance, September 30, 2006 2,338,336 3,507,503 (1,536,834) 4,309,005 32,620,000 Issuances 950,000 1,425,000 (950,000) 1,425,000 19,000,000 Amortization -- -- 1,142,819 1,142,819 -- Conversions (409,864) (614,795) - (1,024,659) -- ---------- ---------- ----------- --------- ----------- Balance, September 30, 2007 $2,878,472 $4,317,708 $(1,344,015) $5,852,165 51,620,000 Issuances 300,000 450,000 (300,000) 450,000 6,000,000 Amortization -- -- 180,130 180,130 -- Conversions (148,338) (222,506) - (370,844) -- ---------- ---------- ----------- --------- ----------- Balance, December 31, 2007 $3,030,134 $4,545,202 $(1,463,885) $6,111,451 57,620,000 Issuances 115,000 172,500 (115,000) 172,500 10,000,000 Amortization -- -- 195,284 195,284 -- Conversions (72,500) (108,750) - (181,250) -- ---------- ---------- ----------- --------- ----------- Balance, March 31, 2008 $3,072,634 $4,608,952 $(1,383,601) $6,297,985 67,620,000 Issuances -- -- - -- 10,000,000 Amortization -- -- 210,306 210,306 -- Conversions -- -- - -- -- ---------- ---------- ----------- --------- ----------- Balance, June 30, 2008 $3,072,634 $4,608,952 $(1,173,295) $6,508,291 77,620,000 ========== ========= =========== ========= ==========
F-26 CONECTISYS CORPORATION AND SUBSIDIARIES (A Development Stage Company) NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS June 30, 2008 NOTE 8. SHAREHOLDERS' DEFICIT The Company's authorized capital stock consists of 50,000,000,000 shares of common stock, no par value per share and 50,000,000 shares of preferred stock, $1.00 par value per share. On June 28, 2006, the shareholders of the Company approved an increase in the amount of authorized shares of common stock from 15,000,000,000 to 50,000,000,000. Preferred Stock

Of the 50,000,000 authorized shares of preferred stock, 1,000,000 shares have been designated as Class A, ~~Preferred Stock and~~ 1,000,000 shares ~~have been designated~~ as Class B, ~~Preferred Stock,~~ and the remaining 48,000,000 shares are undesignated. As of June 30, 2008, there were 28,820,358,267 shares of the Company's common stock outstanding held by approximately 700 holders of record and 215,865 shares of the Company's Class A Preferred Stock outstanding held by one holder of record and no shares of Class B Preferred Stock outstanding.

Each share of Class A ~~Preferred Stock~~preferred is entitled to 100 votes ~~per share~~ on all matters presented to the ~~Company's~~Company’s shareholders for action. The Class A ~~Preferred Stock~~ does not have any liquidation preference, additional voting rights, ~~conversion rights,~~ anti-dilution rights, or any other preferential rights.

Each share of Class B ~~Preferred Stock~~preferred is convertible into 10 shares of the ~~Company's common stock.~~Company’s Common Stock. The Class B ~~Preferred Stock~~preferred does not have any liquidation preference, voting rights, other conversion rights, anti-dilution rights, or any other preferential rights. During October 2007 through June 30, 2008, the Company issued 4,617,724,446 shares of common stock in connection with the conversion of $220,838 of principal, $381,256 of derivative conversion option and $45,383 of accrued interest, for a total conversion amount of $552,093 of the Company's convertible debentures. NOTE 9. STOCK OPTIONS AND WARRANTS During the fiscal year ended September 30, 1999, the Company issued to a note holder options to purchase 500,000 shares of the Company's Class B Preferred Stock at an exercise price of $5.00 per share. As consideration, the Company reduced its debt to the note holder by $50,000 and received an extension of time to pay-off its promissory note. The Company also issued to its Chief Executive Officer options to purchase another 500,000 shares of the Company's Class B Preferred Stock at an exercise price of $5.00 per share in exchange for a reduction in debt of $50,000. Total consideration received on the above issued options, as evidenced by debt reduction, was $100,000. These options were initially exercisable through November 1, 2002 and

There are exercisable into common stock at the rate of 10 common shares for each Class B Preferred Share. In September 2001, the exercise price on the Class B Preferred Stock options was adjusted to $2.50 per share and the exercise period was extended to November 1, 2005. In June 2002, the exercise price on the Class B Preferred Stock options was adjusted to $0.50 per share. In January 2004, the exercise price on the Class B Preferred Stock options was adjusted to $0.05 per share and the exercise period was extended to November 1, 2009. F-27 CONECTISYS CORPORATION AND SUBSIDIARIES (A Development Stage Company) NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS June 30, 2008 NOTE 9. STOCK OPTIONS AND WARRANTS (continued) The Company's Chief Executive Officer owns 215,865 shares of the Company's Class A Preferred Stock, of which 15,845 shares were purchased during the year ended September 30, 2004, and has options to purchase another 234,155 shares for $1.00 per share through November 1, 2009. The Company has granted various common stock options and warrants to employees and consultants. Generally, the options and warrants were granted at approximately the fair market value of the Company's common stock at the date of grant and vested immediately, except that when restricted common stock was issued, the options and warrants were granted at an average discount to market of 50% (ranging from between 20% to 75%). The Company adopted the provisions of Statement of Financial Accounting Standards ("SFAS") No. 123 (Revised 2004), "Share-Based Payment" ("SFAS 123R"), on January 1, 2006. Accordingly, compensation costs for all share-based awards to employees are measured based on the grant date fair value of those awards and recognized over the period during which the employee is required to perform service in exchange for the award (generally over the vesting period of the award). The Company has no awards with market or performance conditions. Excess tax benefits are defined by SFAS 123R (when applicable)and will be recognized as an addition to additional paid-in capital. Effective January 1, 2006 and for all periods subsequent to that date, SFAS 123R supersedes the Company's previous accounting under Accounting Principles Board Opinion No. 25, "Accounting for Stock Issued to Employees" ("APB 25"). In March 2005, the Securities and Exchange Commission issued Staff Accounting Bulletin No. 107 ("SAB 107") relating to SFAS 123R. The Company has applied the provisions of SAB 107 in its adoption of SFAS 123R. The Company adopted SFAS 123R using the modified prospective transition method, which provides for certain changes to the method for valuing share-based compensation. The valuation provisions in SFAS 123R apply to new awards and to awards that are outstanding at the effective date and subsequently modified or cancelled. Estimated compensation expense for awards outstanding at the effective date will be recognized over the remaining service period using the compensation cost calculated for pro forma disclosure purposes under SFAS No. 123, "Accounting for Stock-Based Compensation" ("SFAS 123"). In accordance with the modified prospective transition method, the Company's consolidated financial statements for prior periods were not restated to reflect, and do not include, the effect of SFAS 123R. No options were granted or vested during the interim periods presented, and all options previously granted had completely vested before January 1, 2005. Therefore no compensation costs were incurred under SFAS 123R and the actual net loss equals the pro forma net loss for such interim periods. All common stock options and warrants issued to consultants and other non- employees have been recorded at the fair value of the services rendered and equivalent to the market value (as discounted, if applicable) of the equity instruments received in accordance with SFAS No. 123. The market value was determined by utilizing an averaging convention of between 5 to 30 days of the closing price of the Company's common shares as traded on the OTC Bulletin Board (stock symbol CNES) through the grant date and applying certain mathematical assumptions as required under the Black-Scholes model. Such assumptions were generally the same as those mentioned above when making fair value disclosures for the issuance of officer and employee stock options. These included the risk-free annual rate of return, which ranged from 5% to 6% during the years ended September 30, 2005 and 2004, and stock volatility, which is estimated to be 190%. At September 30, 2002, the Company had an aggregate of 8,807,154 common stock options and a total of 1,000,000 Class B preferred stock options recorded as additional paid-in capital at a value of $1,443,695. Of the common stock options and warrants, 2,043,654 had been issued to officers and employees and the remaining 6,763,500 had been issued to consultants and investors. F-28 CONECTISYS CORPORATION AND SUBSIDIARIES (A Development Stage Company) NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS June 30, 2008 NOTE 9. STOCK OPTIONS AND WARRANTS (continued) In November 2002 through May 2003, 2,500,000 seven-year common stock warrants were issued to an accredited investor group in connection with a $500,000 12% convertible debenture financing arrangement (see Note 7 above). The allocated cost of these warrants amounted to $9,816, resulting in a recorded balance of stock options and warrants exercisable at September 30, 2003 of $1,453,511 (including $100,000 attributable to 1,000,000 Class B preferred stock options noted above). As of September 30, 2003, the Company had an additional 4,852,205 common stock options that had been granted to consultants and investors at exercise prices ranging from $0.50 to $2.00 per share, expiring from November 1, 2003 through January 16, 2005. Because these exercise prices were substantially above the market price of the Company's common stock, no value was attributed to these options at the time of grant. During the year ended September 30, 2004, 4,352,205 of these non-valued options expired, leaving a balance at September 30, 2004 of 500,000 options, exercisable at $1.00 per share and expiring January 16, 2005. The Company also granted a contingent issuance to its Chief Technical Officer of 2,000,000 common stock options exercisable at $0.50 per share and expiring December 31, 2004, which would not have vested until certain milestones had been attained. These respective common stock options and contingent issuances have been excluded from the summarized table below. In November 2003 through December 2003, 1,000,000 seven-year common stock warrants were issued to an accredited investor group in connection with a $200,000 12% convertible debenture financing arrangement (see Note 6 above). The allocated cost of these warrants amounted to $945. In February 2004 and March 2004, 1,500,000 seven-year common stock warrants were issued to an accredited investor group in connection with a $300,000 12% convertible debenture financing arrangement (see Note 7 above). The allocated cost of these warrants amounted to $1,417. In April 2004, 750,000 seven-year common stock warrants were issued to an accredited investor group in connection with a $250,000 12% convertible debenture financing arrangement (see Note 7 above). The allocated cost of these warrants amounted to $1,181. In June 2004, 1,875,000 seven-year common stock warrants were issued to an accredited investor group in connection with a $625,000 12% convertible debenture financing arrangement (see Note 7 above). The allocated cost of these warrants amounted to $2,952. In September 2004, 1,875,000 seven-year common stock warrants were issued to an accredited investor group in connection with a $625,000 12% convertible debenture financing arrangement (see Note 7 above). The allocated cost of these warrants amounted to $2,952, resulting in a recorded balance of stock options and warrants exercisable at September 30, 2004 of $1,462,958 (including $100,000 attributable to 1,000,000 Class B preferred stock options noted above). In March 2005 through September 2005, 2,800,000 five-year common stock warrants were issued to an accredited investor group in connection with a $1,400,000 8% convertible debenture financing arrangement (see Note 7 above). The allocated cost of these warrants amounted to $3,756, resulting in a recorded balance of stock options and warrants exercisable at September 30, 2005 of $1,466,714 (including $100,000 attributable to 1,000,000 Class B preferred stock options noted above). During the year ended September 30, 2005, the 500,000 non-valued common stock options and the 2,000,000 contingently issuable common stock options noted above both expired. In addition, 6,300,000 previously-valued common stock options and warrants expired, consisting of 4,750,000 warrants issued to convertible note holders at exercise prices ranging from $0.045 to $0.192 per share, 1,450,000 common stock options issued to a consultant at an exercise price of $0.13 per share, and 100,000 common stock options issued to a director at an exercise price of $0.38 per share. F-29 CONECTISYS CORPORATION AND SUBSIDIARIES (A Development Stage Company) NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS June 30, 2008 NOTE 9. STOCK OPTIONS AND WARRANTS (continued) In March through July 2006, 20,320,000 five-year common stock warrants were issued to an accredited investor group in connection with a $1,270,000 6% convertible debenture financing arrangement (see Note 6 above). The allocated cost of these warrants amounted to $4,551, resulting in a recorded balance of stock options and warrants exercisable at both September 30, 2006 of 1,471,265 (including $100,000 attributable to 1,000,000 Class B preferred stock options noted above). In February through September 2007, 19,000,000 seven-year common stock warrants were issued to an accredited investor group in connection with a $950,000 6% convertible debenture financing arrangement (see Note 8 above). The allocated cost of these warrants amounted to $1,249, resulting in a recorded balance of stock options and warrants exercisable at September 30, 2007 of $1,472,514. In October through December 2007, 6,000,000 seven-year common stock warrants were issued to an accredited investor group in connection with a $300,000 6% convertible debenture financing arrangement (see Note 6 above). The allocated cost of these warrants amounted to $229, resulting in a recorded balance of stock options and warrants exercisable at both September 30, 2007 and December 31, 2007 of $1,471,743 (including $100,000 attributable to 1,000,000 Class B preferred stock options noted above). In January through March 2008, 10,000,000 seven-year common stock warrants were issued to an accredited investor group in connection with a $115,000 6.5% convertible debenture financing arrangement (see Note 6 above). The allocated cost of these warrants amounted to $339, resulting in a recorded balance of stock options and warrants exercisable at both September 30, 2007 and March 31, 2008 of $1,473,082 (including $100,000 attributable to 1,000,000 Class B preferred stock options noted above). The common stock option and warrant activity during the nine-month period ended June 30, 2008 and June 30, 2007 is summarized as follows: Common Stock Weighted Options Average and Exercise Warrants Price ---------- -------- Balance outstanding, October 1, 2007 51,620,000 $ 0.0019 Granted 16,000,000 0.0009 Expired - - ---------- ------- Balance outstanding, June 30, 2008 67,620,000 $ 0.0016 Balance outstanding, October 1, 2007 14,243,654 $ 0.0056 Granted - - Expired (1,943,654) 0.3800 ----------- ------- Balance outstanding, June 30, 2008 12,300,000 $ 0.0050 ========== ======= F-30 CONECTISYS CORPORATION AND SUBSIDIARIES (A Development Stage Company) NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS June 30, 2008 The following table summarizes information about common stock options and warrants at June 30, 2008: Outstanding Exercisable Common Weighted Weighted Common Weighted Range of Stock Average Average Stock Average Exercise Options/ Life Exercise Options/ Exercise Prices Warrants (Months) Price Warrants Price --------------- --------- ------- -------- ---------- -------- $ 0.0050 - $ 0.0050 1,000,000 17 $ 0.0050 1,000,000 $ 0.0050 $ 0.0050 - $ 0.0050 750,000 23 $ 0.0050 750,000 $ 0.0050 $ 0.0050 - $ 0.0050 750,000 25 $ 0.0050 750,000 $ 0.0050 $ 0.0050 - $ 0.0050 500,000 29 $ 0.0050 500,000 $ 0.0050 $ 0.0050 - $ 0.0050 250,000 29 $ 0.0050 250,000 $ 0.0050 $ 0.0050 - $ 0.0050 250,000 30 $ 0.0050 250,000 $ 0.0050 $ 0.0050 - $ 0.0050 250,000 32 $ 0.0050 250,000 $ 0.0050 $ 0.0050 - $ 0.0050 1,250,000 32 $ 0.0050 1,250,000 $ 0.0050 $ 0.0020 - $ 0.0020 750,000 34 $ 0.0020 750,000 $ 0.0020 $ 0.0020 - $ 0.0020 1,875,000 39 $ 0.0020 1,875,000 $ 0.0020 $ 0.0020 - $ 0.0020 1,875,000 41 $ 0.0020 1,875,000 $ 0.0020 $ 0.0039 - $ 0.0039 316,066 41 $ 0.0039 316,066 $ 0.0039 $ 0.0039 - $ 0.0039 217,466 21 $ 0.0039 217,466 $ 0.0039 $ 0.0039 - $ 0.0039 1,087,330 21 $ 0.0039 1,087,330 $ 0.0039 $ 0.0039 - $ 0.0039 1,179,138 21 $ 0.0039 1,179,138 $ 0.0039 $ 0.0009 - $ 0.0009 5,920,000 32 $ 0.0009 5,920,000 $ 0.0009 $ 0.0009 - $ 0.0009 1,600,000 32 $ 0.0009 1,600,000 $ 0.0009 $ 0.0009 - $ 0.0009 1,600,000 32 $ 0.0009 1,600,000 $ 0.0009 $ 0.0009 - $ 0.0009 1,600,000 32 $ 0.0009 1,600,000 $ 0.0009 $ 0.0009 - $ 0.0009 9,600,000 32 $ 0.0009 9,600,000 $ 0.0009 $ 0.0009 - $ 0.0009 5,000,000 67 $ 0.0009 5,000,000 $ 0.0009 $ 0.0009 - $ 0.0009 2,000,000 67 $ 0.0009 2,000,000 $ 0.0009 $ 0.0009 - $ 0.0009 2,000,000 67 $ 0.0009 2,000,000 $ 0.0009 $ 0.0009 - $ 0.0009 2,000,000 67 $ 0.0009 2,000,000 $ 0.0009 $ 0.0009 - $ 0.0009 2,000,000 67 $ 0.0009 2,000,000 $ 0.0009 $ 0.0009 - $ 0.0009 2,000,000 67 $ 0.0009 2,000,000 $ 0.0009 $ 0.0009 - $ 0.0009 2,000,000 67 $ 0.0009 2,000,000 $ 0.0009 $ 0.0009 - $ 0.0009 2,000,000 67 $ 0.0009 2,000,000 $ 0.0009 $ 0.0009 - $ 0.0009 2,000,000 67 $ 0.0009 2,000,000 $ 0.0009 $ 0.0009 - $ 0.0009 2,000,000 67 $ 0.0009 2,000,000 $ 0.0009 $ 0.0009 - $ 0.0009 2,000,000 67 $ 0.0009 2,000,000 $ 0.0009 $ 0.0009 - $ 0.0009 10,000,000 67 $ 0.0009 10,000,000 $ 0.0009 - ------------------- ---------- -- -------- ---------- -------- $ 0.0009 - $ 0.0050 67,620,000 44 $ 0.0016 67,620,000 $ 0.0016 ================== ========== == ======== ========== ======== F-31 CONECTISYS CORPORATION AND SUBSIDIARIES (A Development Stage Company) NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS June 30, 2008 NOTE 10. INCOME TAXES Deferred income taxes consisted of the following at June 30, 2008: Deferred tax asset, benefit of net operating loss carryforwards $ 13,000,000 Valuation allowance (13,000,000) ----------- Net deferred tax asset $ - =========== The valuation allowance fully offsets the net deferred tax asset, since it is more likely than not that it would not be recovered. During the year ended September 30, 2007, the deferred tax asset and valuation allowance were both increased by $1,200,000. As of June 30, 2008, the Company has approximately $33,300,000 in federal and $21,600,000 in California net operating loss carryforwards. The federal net operating loss carryforwards expire as follows: $2,700,000 in the year 2012, $5,300,000 in 2018, $1,200,000 in 2019, $3,500,000 in 2020, $2,300,000 in 2021, $2,200,000 in 2022, $2,100,000 in 2023, $4,200,000 in 2024, $3,100,000 in 2025, $3,000,000 in 2026, and $3,700,000 in 2027. The California net operating loss carryforwards expire as follows: $3,300,000 in 2013, $8,500,000 in 2014, $3,100,000 in 2015, $3,000,000 in 2016, and $3,700,000 in 2017. F-32 ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS. This report contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, or the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act. We intend that those forward-looking statements be subject to the safe harbors created by those sections. These forward-looking statements generally include the plans and objectives of management for future operations, including plans and objectives relating to our future economic performance, and can generally be identified by the use of the words "believe," "intend," "plan," "expect," "forecast," "project," "may," "should," "could," "seek," "pro forma," "estimates," "continues," "anticipate" and similar words. The forward-looking statements and associated risks may include, relate to, or be qualified by other important factors, including, without limitation: o our ability to obtain FCC approval of our H-Net(TM) wireless meter-reading products; o the projected growth in the automated meter reading markets; o our business strategy for establishing and expanding our presence in these markets; o our ability to successfully implement our business plans; o our ability to hire and retain qualified personnel; o anticipated trends in our financial condition and results of operations; o our ability to distinguish ourselves from our competitors; and o uncertainties relating to economic conditions in the markets in which we currently operate and in which we intend to operate in the future. These forward-looking statements necessarily depend upon assumptions and estimates that may prove to be incorrect. Although we believe that the assumptions and estimates reflected in the forward-looking statements are reasonable, we cannot guarantee that we will achieve our plans, intentions or expectations. The forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ in significant ways from any future results expressed or implied by the forward- looking statements. We do not undertake to update, revise or correct any forward-looking statements. Any of the factors described above or in the "Risk Factors" section of our most recent annual report on Form 10-KSB could cause our financial results, including our net income (loss) or growth in net income (loss) to differ materially from prior results, which in turn could, among other things, cause the price of our common stock to fluctuate substantially. Overview Since 1995, we have been engaged in the development of a low-cost automatic meter reading, or AMR, solution. We have developed a low-cost AMR solution that includes a proprietary system employing specialized hardware and software that will allow for residential and commercial applications. Our proprietary system is called H-NET(TM), which is a trademark of ConectiSys. Our H-NET(TM) system is currently comprised of two principal components: our H-NET(TM) 5.0 product, which itself is comprised of circuitry and a radio transmitter, and our H-NET(TM) BaseStation. Our H-NET(TM) 5.0 product is a component that is designed to be part of a digital energy meter to read and wirelessly transmit meter data to our H-NET(TM) BaseStation. Our H-NET(TM) BaseStation is designed to receive and relay the meter data over standard phone lines to a central location where the data is compiled and utilized. We have not yet sold any H-NET(TM) systems. However, we are actively pursuing sales of our H-NET(TM) systems with meter manufacturers and other companies in the energy industry. We have a history of only inconsequential 2 revenues and have incurred significant losses since the beginning of the development of our H-NET(TM) system. We have a significant accumulated deficit and a deficiency in working capital. As a result of our financial condition, our independent auditors have issued a report questioning our ability to continue as a going concern. We have completed and successfully demonstrated a significant update of our H-NET(TM) system's hardware and software technologies in cooperation with one of the major electric meter manufacturers. We believe that this update will provide us with a product that has incorporated more advanced wireless technologies with a more market-competitive and cost-effective design and greater reliability. We are also pursuing different applications of our H- NET(TM) technologies that may be synergistic with our current marketing plan in markets in which we intend to compete. Our continued operations are dependent on securing additional sources of liquidity through debt and/or equity financing. We have received only minimal funding during 2008 and through the filing of this report and we are in immediate need of additional financing. If we are unable to obtain funding soon, we will be unable to continue our operations and our development of our H- NET(TM) system. Critical Accounting Policies and Estimates We believe the following critical accounting policies affect our more significant judgments and estimates used in the preparation of our financial statements. The following discussion and analysis is based upon our financial statements, which have been prepared using accounting principles generally accepted in the United States of America. The preparation of our financial statements requires management to make estimates and assumptions that affect the reported amounts of revenue and expenses, and assets and liabilities, during the periods reported. Estimates are used when accounting for certain items such as depreciation, likelihood of realization of certain assets, employee compensation programs and valuation of intangible assets. We base our estimates on historical experience and other assumptions that we believe are reasonable under the circumstances. Actual results may differ from our estimates. Going Concern Assumption We have based our financial statements on the assumption of our operations continuing as a going concern. As a result, we continue to depreciate fixed assets and show certain debts as long-term. As of June 30, 2008, we had a deficiency in working capital of approximately $5.3 million and had an accumulated deficit of approximately $41.7 million, which raise substantial doubt about our ability to continue as a going concern. Our plans for correcting these deficiencies include the future sales and licensing of our products and technologies and the raising of capital through the issuance of common stock, which are expected to help provide us with the liquidity necessary to meet operating expenses. Over the longer-term, we plan to achieve profitability through our operations from the sale and licensing of our H-NET (TM) automatic meter-reading system. Our consolidated financial statements do not include any adjustments relating to the recoverability and classification of the recorded asset amounts or the amounts and classification of liabilities that might be necessary should we be unable to continue our existence. Stock-Based Compensation Our compensation of consultants and employees with our capital stock is recorded and/or disclosed at estimated market value. The volatile nature of the price of our common stock causes wide disparities in certain valuations. 3 Statement of Financial Accounting Standards, "Accounting for Stock-Based Compensation," or SFAS No. 123, established a fair value method of accounting for stock-based compensation plans and for transactions in which an entity acquires goods or services from non-employees in exchange for equity instruments. We adopted this accounting standard on January 1, 1996. SFAS No. 123 also encourages, but does not require, companies to record compensation cost for stock-based employee compensation. We adopted the provisions of SFAS No. 123 (Revised 2004), "Share-Based Payment," or SFAS 123R, on January 1, 2006. Accordingly, compensation costs for all share-based awards to employees are measured based on the grant date fair value of those awards and recognized over the period during which the employee is required to perform service in exchange for the award (generally over the vesting period of the award). We have no awards with market or performance conditions. Excess tax benefits as defined by SFAS 123R (when applicable) will be recognized as an addition to additional paid-in capital. Effective January 1, 2006 and for all periods subsequent to that date, SFAS 123R supersedes our previous accounting under Accounting Principles Board Opinion No. 25, "Accounting for Stock Issued to Employees," or APB 25. In March 2005, the Securities and Exchange Commission issued Staff Accounting Bulletin No. 107, or SAB 107, relating to SFAS 123R. We have applied the provisions of SAB 107 in our adoption of SFAS 123R. We adopted SFAS 123R using the modified prospective transition method, which provides for certain changes to the method for valuing share-based compensation. The valuation provisions of SFAS 123R apply to new awards and to awards that are outstanding at the effective date and subsequently modified or cancelled. Estimated compensation expense for awards outstanding at the effective date will be recognized over the remaining service period using the compensation cost calculated for pro forma disclosure purposes under Financial Accounting Standards Board, or FASB, Statement No. 123, "Accounting for Stock- Based Compensation," or SFAS 123. In accordance with the modified prospective transition method, our consolidated financial statements for prior periods were not restated to reflect, and do not include, the effect of SFAS 123R. The value of the stock-based award is determined using a pricing model whereby compensation cost is the excess of the fair market value of the stock as determined by the model at the grant date or other measurement date over the amount an employee must pay to acquire the stock. Shares of our common stock issued in exchange for goods or services are valued at the cost of the goods or services received or at the market value of the shares issued ~~depending on the ability to estimate the value~~and outstanding.

14308 S. Gosss Road, Cheney, Washington	99004
(Address of principal executive offices	(Zip Code)

Large accelerated Filer ☐	Accelerated Filer ☐
Non-accelerated Filer ☐	Smaller reporting company ☒
Emerging Growth Company ☒

Colorado	84-1017107
(State or other jurisdiction of Incorporation or Organization)	(I.R.S. Employer identification No.)

Title of Each Class	Trading Symbol	Name of Each Exchange on Which Registered
None	None	None

		Page
PART I - FINANCIAL INFORMATION

Item 1	Unaudited Financial Statements	3
Item 2	Management’s Discussion and Analysis of Financial Condition and Results of Operations	10
Item 3	Quantitative and Qualitative Disclosures About Market Risk	17
Item 4	Controls and Procedures	17

PART II - OTHER INFORMATION

Item 1	Legal Proceedings.	18
Item 1A	Risk Factors	18
Item 2	Unregistered Sales of Equity Securities and Use of Proceeds	18
Item 3	Defaults Upon Senior Securities	19
Item 4	Mine Safety Procedures	19
Item 5	Other Information	19
Item 6	Exhibits	19

	June 30, 2021			September 30, 2020
Cash	$	–		$	–

TOTAL ASSETS		–			–

LIABILITIES AND DEFICIT

Current liabilities
Accrued liabilities		30,645			27,366

Total liabilities	$	30,645		$	27,366

Commitments and contingencies		–			–

Stockholders' Deficit
Preferred stock		–			–
Common stock - no par value; 250,000,000 shares authorized 888,579 shares issued and outstanding*	$	32,246,441		$	32,246,441
Subscription receivable		–			(100	)
(Accumulated deficit)		(32,277,086	)		(32,273,707	)
Deficit		(30,645	)		(27,366	)

TOTAL LIABILITIES AND DEFICIT	$	–		$	–

	For the Nine Months Ended June 30,
	2021			2020

REVENUE	$	–		$	–

COST OF REVENUE		–			–

GROSS PROFIT (LOSS)		–			–

GENERAL AND ADMINISTRATIVE EXPENSES		3,379			1,396

NET (LOSS)		(3,379	)		(1,396	)

WEIGHTED AVERAGE NUMBER OF COMMON SHARES*
Basic and diluted	$	888,579		$	88,579

(LOSS) PER SHARE
Basic and diluted	$	(0.00	)	$	(0.02	)

	Common Stock*				Subscription			Accumulated
	Shares		Amount		receivable			deficit			Total
Balance, September 30, 2020		888,579	$	32,246,441	$	(100	)	$	(32,273,707	)	$	(27,366	)
Subscription paid		–		–		100			–			100
Net loss		–		–		–			(3,379	)		(3,379	)
Balance, June 30, 2021		888,579	$	32,246,441	$	–		$	(32,277,086	)	$	(30,645	)